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Patrick Bet-David Podcast Episode 35. Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N
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You look like you're, you know, 10 years younger or something.
That's good.
Well, I also got laid this weekend for the last time.
Did you finally celebrate or whatever?
Hell yeah, I don't care.
I'll say her name.
I'll say both of our names.
All right, we're live.
Okay.
And how is how I was in this?
Yes.
All right.
So we are back today.
Episode number 35.
Adam is back from Miami.
Obviously, I had a great time.
And Tom is back here from California.
Nice to see you guys.
And it's good to, we got a lot of things to cover today.
A lot of crazy stuff.
Yeah.
We've had some crazy stuff happening here in the office.
We got Kai back from Norway.
Kai, say hi to everybody.
Yeah.
How was vacation in Norway for you?
It was nice.
I explored the fjords.
Shout out my boy Adam.
Laura's on you a little bit.
It sounds like he's hollering.
Yeah, Lauren.
Go for it.
Voice of God coming from Norway.
No, so it was nice.
Yes.
Some of the families, friends, saw fjords.
I was texting with your mom and dad the entire time you were there.
First of all, your family.
What did you think about my library?
I was sick.
Did you see that?
I did see that.
So is that really the boulevard named after you in Norway?
So he's kidding with that part.
Sakai means dock.
Okay.
Sakai, it's further down that road.
Got it.
Is the dock.
So in Norway, your dad and mom created a library where others can borrow your books and bring them back.
Yes.
That's a real story.
No.
Yeah.
You know, it was like an abandoned bus stop.
So, but is it real that your books are there where people can come and get?
My books are not.
All those books are old.
All this time I'm telling other people how special appearance you got.
Now, this, he was playing us.
He was playing a joke on me.
Yeah, and I told him it would never work.
Let me tell you.
Hey, pops, you played a joke.
It worked, and you got recognition for it.
But I'm taking it back.
I'm taking it back.
Anyways, all right, so.
Well, welcome back, Kai.
Explore the fjords.
Isn't that what you did at South Beach?
I was exploring more than the fjords.
Well, you look more relaxed.
You look calm.
I'm glad you made that stop to Miami.
Yeah, yeah, I needed it.
Maybe if we're in Florida, if that happens, like you're going to be more calmer.
What do you think?
I think I'll just be in my comfort zone.
That's what happens when he goes to a red state, man.
He can go down there.
Florida is a very purple state.
It's like the Joker's jacket over there.
That's okay.
How was your Christmas, New Year?
I saw you for Christmas.
Yeah, that was awesome.
It was great.
We had a good time.
New Year's was, I couldn't even tell you what we did.
What did we do for New Year's?
Did you make it to midnight?
No, not.
New Year's?
Yeah.
I did.
I think you went to meet Mario.
Oh, yeah, no, I did.
I made it past midnight, but everybody went to sleep.
You know, Jen's like, oh, babe.
I'm like, babe, I know, babe.
I'm just happy new year, everybody.
She's like, I'm not feeling.
She sounded drunk.
No, she's pregnant.
You can't drink pregnant, so she goes to sleep.
My dad stays up a little bit.
The kids stay up latest, and then I stayed up a little bit with Mario.
You were here in Dallas, though.
I was here in Dallas.
Yeah, we had a meeting.
We had a meeting this Sunday and Monday.
It was one of the most epic.
Was it not one of the most sample?
What was that meeting about?
The two days we had in Dallas here.
Pretty legit meeting.
We had those two days with PHP.
Last couple of days.
Yeah, yeah.
It was a ridiculous meeting.
And then it ended up last night.
I mean, we have to do what we do.
You know, there's always festivities, but there was a little too many festivities last night, which we'll talk offline, not online.
But anyways, let's get into it.
And did you, I got a question for Zenner.
Wow.
Let's not leave you out.
Tom, the people want to know.
Did you make it to midnight on New Year's?
You know what?
Did you guys notice how bad the TV was that night?
I mean, they weren't.
Everybody was watching TVD minus list of entertainers.
It was so bad.
Usually the shows that ring in the New Year.
I saw a guy asking Anderson Cooper, have you done acid before?
You got to try acid.
Yeah, that was Andy Cohen.
Yeah.
Andy Cohen.
Yeah, they try to outdo each other every year, and it's just nauseating watching those guys.
So, did you do acid on New Year's or no?
I'm trying to think if I made it past midnight.
You didn't make it to midnight, but I don't know if I did that.
So, you're asking us the question.
You must have made it to like six o'clock and broken your own rules.
So, what happened to you New Year's Eve?
Oh, dude.
You weren't going to go there.
What'd you do?
I was out.
I was about.
I was in South Beach.
I was doing my thing.
I actually went to bed slightly early for what time?
Like at four?
Oh, so you were fully out?
I was out.
Yeah, I was out.
I mean, and then my buddy.
Was South Beach happen on New Year's Eve?
You know what?
A lot of the curfews in place at midnight, typically.
They extended it to one o'clock.
Yeah.
But here's the thing with curfews.
You just go to house parties.
But like, I was that dude still in a mask at a house party.
The girl's like, take your stupid mask off.
I was like, oh, shit, that's what's going on.
All right.
So I went to bed around four.
My buddy Adrian that you've spoken to.
Yeah, cool guy.
He has a two-bedroom apartment at South Beach.
I was staying with him.
Wakes me up.
I swear to God, at five in the morning, it's like, get up, bro.
Get up.
I got two girls out here.
Wake up.
I'm like, what?
What?
I'm straight up piss drunk.
I got my glasses on.
I wake up.
I'm like, hey, like, completely confused.
I was like, I'm just going back to bed.
It's good.
So, yeah.
So you went back to bed?
He went back to investigations and stuff that he did.
I made a new friend that night.
All right, good.
Okay.
All right.
Sounds good.
Sounds good.
All right.
It was interesting.
But happy New Year's, everybody.
Yes.
So we have a lot of different things to cover here.
Something very weird is going on with Jack Ma.
Very weird.
Very, very weird.
Yeah.
October 24th, he gives a speech, which we'll talk about.
And then he's disappeared since.
The richest man in China has disappeared after he made a few comments about G, and they haven't seen him since then.
Then he had Roku is getting near to a deal of buying Quibi, which we talked about recently when we did the video.
I said, someone's going to buy these guys' content out.
Tesla Zoom's past $700 billion in the market.
And Michael Burry from the movie Big Short, the real Michael Burry, real life Michael Burry, tweets something and then he deletes it.
And it's pretty epic what happens there.
And we'll read that.
Bitcoin plummets 17%.
However, JP Morgan Chase just made some prediction this morning, which will cover that.
AMC plans to sell $125 million of stock due to coronavirus pandemic.
It says SEC filings.
Barstools, Dave Portnoy, raises $16.8 million for 59 small businesses and counting.
Phenomenal, phenomenal job to that guy, man.
What he's doing, the attention he's bringing, and the reaction of all these guys, how excited they're getting.
Obviously, Georgia runoff is taking place.
The Adams favorite president's going to be having a meeting this week, January 6th in D.C. Bill Clinton?
You're going or you're not going to be able to do it?
You're going to Trump's rally?
To where?
You're going to go to Trump's to spend some time with him or no?
Trump's doing a rally?
He's doing, is he going?
Let me just say something.
It's just for the audience to know what they're fun little comments.
I have not been paying attention to the news at all over the last.
I had a meeting.
How long?
Two weeks.
Detox.
Two weeks detox.
I've been spending time with family, friends, a little bit of partying over New Year's.
Completely.
You know nothing about what's going on.
I know nothing.
The only thing I do know what's going on is this jack maw thing because Kai and I talked about it yesterday.
But all this stuff I'm hearing.
Are you going to go and be with Trump on the 6th?
Obviously, that's my guy.
Of course.
I'm going to go steal that election.
I like that kind of stuff.
I'm going to steal that election.
Trump promises wild protest in Washington, D.C. on January 6th, claims it's impossible he lost.
U.S. officials are considering giving people two half doses of Moderna's COVID-19 shot to speed up rollout vaccine.
Chief Salawi says, and then a bunch of other things.
North Korea requested COVID-19 vaccine cases from the global group, even though they reported that not one person COVID.
We got a few other stories.
Obviously, we got a hardcore.
Did we get the champagne to celebrate Pelosi's victory for 80 years old?
How old is she?
She's exactly 80 years old.
Everybody that makes decisions in this country is 80.
So let's go into, do we go into the Jack Ma story?
I want to hang on the Jack Ma story a little bit.
Let's talk about the Michael Burry Tesla.
Let's talk about that, and then we'll go into the Jack Ma.
Okay.
So Tesla Zoom's past $700 billion of market value after nearly hitting 500,000 deliveries in 2020.
They missed it by what, 450 cars, I believe, to say exact.
They sold, they moved 499,550 deliveries in 2020.
Elon Musk exceeds his production target.
You know, he fell short briefly.
So proud of the Tesla team for achieving the major milestone.
Musk tweeted at the start of Tesla.
I thought we had optimistically a 10% chance of surviving at all.
Tesla stock prices soared by more than 740% in 2020.
A ton of stuff is being said about Tesla right now.
We know this progress, but I want to go to the Michael Burry tweet.
Michael Burry of the Big Short confirms he's shorting Tesla.
Back in September, Burry tweeted about Tesla's lofty valuation and said the company relies on regulatory credit sales rather than auto sales to turn a profit.
In December, Burry confirmed on Twitter that he's also putting his money where his mouth is.
So on Twitter, at Elon Musk, yes, I'm short TSLA, Tesla, but some free advice for a good guy, seriously, this is he's saying to Elon, issue 25 to 50% of your shares at the current ridiculous price.
That's not delusion.
You'd be cementing permanence and untold optionality.
If there are buyers, sell that Tesla souffle, Burry tweeted Tuesday night.
The tweet was deleted since Musk's warnings.
The souffle mention was a reference to warning Musk issued this week to Tesla employees that Tesla's stock price will immediately get crushed like a souffle under a sledgehammer if Tesla doesn't reach the profitability Wall Street has already priced into the stock.
And then Musk famously tweeted that Tesla's stock price is too high, in my honest opinion, back in May of 1st.
Tesla's stock price is roughly quadrupled seven months since that warning written in December.
So what's going on over here with Tesla?
It's going to crash this year.
There's no way it won't.
I mean, he is the flavor of the month.
Anything you do about Elon Musk right now is a big story.
Yeah.
You know, okay, he thought the company had a chance of going under.
Now it's worth $700 billion.
By the way, it went up 5% yesterday.
So what's that?
You're thinking that's no big deal.
That's 35 billion that it just went up yesterday.
This is the Christian Bale character we're talking about in the short, right?
This guy knows what's up.
Oh, he knows what's up.
Oh, my God.
I mean, this guy's a doctor.
He's a genius.
I like Elon Musk.
I like him as a pop culture character.
I think he's one of the most genius minds that we've ever created on this planet.
What he's doing with SpaceX, what he's doing with the boring company, drilling these huge holes in big cities and getting rid of traffic.
But this is ridiculous.
You don't have to have a finance degree to realize this is quicksand.
This is going to just, and here's the other thing.
What if it did dissipate in value by 50%?
Wouldn't that still be a win for a guy who thought his company was going to go under if it was only worth $350 billion?
Are you speculating?
Are you saying this year they could drop 50%?
I'm saying it very well could happen, especially with a Democratic House of Representatives president.
Who knows where we're going to be after today, barring the results of Georgia.
But this is just fairy dust.
This is crazy.
You throw out these numbers.
They're not even real.
He's a pop culture character, larger than life, a genius.
But this doesn't make sense for Tesla.
No way can they sustain this type of value.
Yeah, I'm seeing these.
I mean, we've talked about Elon Musk basically this entire year.
I mean, nobody's had a, he's the number one business person of the year for 2020, according to Fortune magazine.
His fortune has literally gone from, what, 30 billion to over 100?
He's the second richest man in the world.
He's gone from like not even in the top 20 or barely in the top 20 to number one.
Yep.
But just a couple of things.
You know, you ever seen like the movie The Big Lebowski?
Yes.
When they're like, I don't think you're going to do this, Big Lebowski, you're a loser, Lebowski.
And he's like, that's like your opinion, man.
So that's kind of where I'm at with Tom over here.
I'm like, that's just like your opinion, man.
That's just the first thing that came to mind.
So total G.
I mean, let's just look at the numbers, unless I'm interpreting this wrong.
And speaking of like your opinion, man, the guy, Michael Burry, I mean, he's got a pretty credible opinion.
But again, one opinion.
There's a lot of people saying that you should short Tesla, but the people who are riding the wave are obviously making money.
But here's the number I'm looking at.
They said that their production target was 500,000 vehicles, and they hit that number.
They said they were off by a couple hundred cars, but sometimes they're slightly conservative with their numbers.
So the numbers could vary.
Elon's got 300 in his garage to get that number up.
But like, at this point, how do you bet against Elon Musk with everything that he's doing?
I remember we had in one of the first podcasts, Pat, do you remember this?
We said, and this is when Elon Musk, man, was like barely in the top 20 billionaires.
I mean, he wasn't like where he is right now.
It's been an amazing run he's had this year.
And we said, who would you bet on?
Who's the number one stock?
Elon Bezos, yeah.
And Elon.
And I was like, no, I'm going with, I'm going with Bezos.
He's from Miami, Miami guy.
But at this point, how do you bet against Elon Musk?
Like you said, he's a pop culture icon.
But yeah, I agree with you on that.
But he's also a freaking genius and he's delivering.
Well, let me ask you this.
If you're watching this right now, thumbs up, thumbs up if Tesla stock goes up.
This could actually be a lot of thumbs down.
Thumbs down if you think Tesla stock could go down, okay, in 2021.
Will it go up or will it go down?
Here's a couple things to be thinking about.
Here's a couple things to be thinking about.
You mentioned Biden, okay?
You mentioned it's going to be a Democratic administration, et cetera, et cetera.
Does the left lean pro-gas or does the left lean pro-electric cars agree on?
So, so perfect.
So that benefits a Tesla, right?
Of course.
Number two, we had Tom on last week when we were talking about GE, not GE, GM, talking about the fact that, hey, everything about now is electric.
He showed the website, he showed all this stuff, and out of there, I don't know what the number was, some 20 million cars that they sold, a small minuscule percentage was what?
Electric.
But they said by 2025, all of Cadillac's going to be what?
Electric.
And then by 2030, they're pretty much making Cadillac an all-100% electric car.
That's crazy for General Motors to be deciding to do something like that, right?
Okay.
What advantage does he have?
Here's the advantage that he has.
What's Zuck worth?
God knows what the guy's worth.
100 billion.
What is the chances of somebody being able to create the next Facebook to beat Facebook?
Zero.
Okay.
I don't know if it's zero, but it's 0.00000.
Closest thing to zero, which I'm with you where you okay.
So what is the chance of somebody building an electric car and competing?
I don't think it's zero.
No.
But I think it's higher than, you know, maybe say 5% that you can make something and compete.
The automotive business, kind of like the bottling industry or like the soda business, like to compete with Coke and Pepsi, very difficult certain industries to get in and compete with, right?
Okay.
I think the advantage he has is he came and said this is the future and he took the lead and he indirectly with all the different charging places he has nationwide and different places in Europe.
The guy's got a semi-monopoly going on where you have to all reach low to test lead to Tesla.
Is it battery?
Is it equipment?
Is it char?
Somehow, some way, you got to go through Tesla.
Does that mean this thing's going to grow the way it's growing right now?
I don't know.
Here's the other thing I will add with how he is.
Last week we talked about it, Tom, where Tim Cook announces car, Apple stock goes up $103 billion in one day just because he dropped the word car in there, right?
The iCar.
The iCar.
So I think the guy's a visionary.
I think the guys killed it this year.
I have no idea how it's going to be in 2021, but I think everything is on his side, including a Biden administration would be on his side.
Yes.
Let me follow up with a question to you because I know you're kind of on the short side of things.
Are we talking about 2021 or are we talking for the next decade as an example?
Because if it's 2021, I can see it going down over the next 10 years.
I'm a huge believer in electric cars and Tesla and everything that even you said GM is doing.
Clearly, we're on the path to that.
Clearly.
So if it's one year, you may be right, but 10 years.
The bar has been raised to such a level where what if it did go down 20 or 30 percent?
Does that mean he's not a success?
He's still a huge success.
That's the thing.
But he will be judged on this stock price.
I secretly don't think that he wants the stock price this high.
What's it to benefit him?
There's a couple other factors.
Number one, production.
How many of these cars can you legitimately produce per year?
They have to create more factories.
500,000 isn't that many cars.
And they pushed it to the limit with a huge fourth quarter to get to that number.
Apple's coming into the game.
So is China.
China has three electric car manufacturing companies.
They have 1.3 billion people, which surprisingly, Tesla is moving strong into China.
They're having success in China.
But in my opinion, I think it all comes down to the battery.
Because when you think about Apple, when you think about Apple getting into the computer game, they have their own systems, right?
They have their own word.
They have their own business documents, their own software, which put them ahead of the game of IBM.
If they can sum whoever controls this battery, because if you can get a universal battery that works with multiple different types of cars, you don't just have to have a Tesla.
Tesla might be outpriced for some people, especially when the traditional car makers are getting into the game and you get a lower model, which there already are some, but it's unfair to Elon Musk, this stock price, because it is going to go down.
And people are going to think that he's a failure because of it.
I don't think they are, though.
I don't think that's the conversation.
I think the conversation right now is the following.
He's built multiple companies and he's been successful.
You know, there are certain people that for them, Kaiser's for them.
Okay.
There are certain, you get to a certain status in your life where you earn Saint status.
Saint status doesn't mean if you do like an OJ Simpson, 2,000 yards in a season, you know, you go out there and become the leading Russian.
Then you do something that you did.
I'm sorry.
That Saint status is gone forever, right?
But he's in Sane status today.
He has to really screw up and do something stupid in his personal life to lose that.
You're giving him Saint status.
Oh, he's not done at once.
No, no.
I'm sorry.
There is no other Elon Musk in America in the world today.
There is no other Elon Musk in the world today.
You're taking Musk over Bezos back to our first club.
Three companies are good right now.
I'm not putting anybody ahead of this guy here.
Really?
Nobody.
I don't put anybody ahead of him.
I tell you, I think Bezos is enjoying life more than Elon Musk is.
I think so.
I think Bezos is a happier individual than Musk is.
Musk's brain is going a million miles an hour, and it's tough to kind of enjoy yourself at times, right?
When you're going like that.
But let me make my point to you.
Here's basic math, okay?
Their top line revenue in 2020, the last number they have is September.
They don't have all of it.
But in 2020, $1.7 billion.
Their revenue is up 15.38%.
Their revenue is up 15.38.
Let me say this one more time.
Their revenue is only up 15.38% year over year.
Say 20% they're up.
Okay, by the way, they finish 2020 with their last report.
The revenue is up only 20%, but the value is up for X.
Okay, let me say that one more time.
The revenue goes up 20%, but the value of the company is up four times.
So, what's off that?
So, all Michael Burry is saying is maybe it's not the time right now to long this thing.
Maybe it's good to shorten.
Maybe you come back on it a couple years from now.
That's what he's saying.
Michael's not a lightweight.
So, it's not like you know, you take who Elon Musk is and you take a Michael Burry.
Michael Burry is great at what he does.
For him to be able to predict what was going to happen with the real estate market, everybody said, This guy's out of his mind.
All these big names looked at him and laughed at him, and he ended up being right.
And they made a movie about him.
And guess what?
He's the one guy he hates doing interviews.
He turns down all interviews.
If you get an interview with Michael Burry, you got lucky.
He doesn't like the camera, he doesn't like to talk.
He doesn't like the voice to do a lot of interviews.
He just kind of wants to be by himself in an office.
So, for him to say that, the data validates Michael Burry is right.
The numbers prove Michael Burry is right for 2021.
Why did he delete the tweet, though?
Because he is a non-confrontational guy, he just doesn't want limelight, he doesn't want the spotlight, and it brought more than he thought.
You don't know what has sometimes you're having a drink.
Oh, you know, you're not going to tweet it, you should tweet it, and you tweet it.
You don't know what happened.
No one knows the context.
That's you and your buddy, right?
Yes, exactly.
Yeah, he's a genius.
When you watch that movie, it'd be interesting to see what else he jumped on in the last 12 or 13 years since the real estate market.
But, I mean, this is kind of common sense.
There's just no way it can sustain this, I don't think.
Math is not on Elon's side.
Math is not on Elon's side, but social capital is on Elon's side.
The world is banking on this guy, period.
Kai.
So, I think Elon Musk is one of the few, if not the only, to help create or co-found $4 billion.
$4 million companies.
You have PayPal, Tesla, SpaceX, and Solar City.
That's like Danielle Day-Lewis.
I forgot he was involved in PayPal.
Yeah, that's like.
Kai, give me the company again: PayPal, Tesla, SpaceX, and Solar City.
Oh, Solar City?
What's Solar City?
Solar Company.
Energy company.
Oh, wow.
And he also has a Neuralink.
Neuralink.
Oh, he's just getting started.
Foreign companies.
He's just getting started.
He's just getting started.
There's not another Elon Musk in the world.
Master follow-up question.
Why do you say that Bezos is enjoying life more than Musk?
Well, it's the worried genius.
I don't see Bezos as a worried genius.
I just see Bezos as an analytics guy that's extremely logical, Asperger's, no emotion.
I see that as Bezos.
None of that.
Is that what he has?
That's where I would categorize.
Because Gates was categorized as that at one point.
When you have Asperger's, you don't have emotions.
So you're not offended.
You're not upset.
You're just very much so focused, right?
But I think Bezos is enjoying life more than Musk is.
It's like our boy Ben Shapiro.
I think Musk is constantly overthinking about the next thing he wants.
You know what's funny is if you go back 20 years and you look at pictures of Bezos and Musk.
They look older than today.
They look better now.
Like they were balding the right to trainers and doctors will do that.
They'll do it.
There's one more factor with Bezos.
He looks happier now because of his new girlfriend, Lauren Sanchez.
I mean, he's a different man because she is a sexual beast.
You could just tell.
Damn, Tom!
I was at her 30th birthday.
Don't came all doing it for you.
You know, Lauren Surrey.
But you could just tell he's invigorated by her presence and he's enjoying life.
He's taken her all over the world.
He seems like a happier guy.
That's what I think.
You know, and maybe some of these other things that he's accomplished in life have slid down the ladder a little bit more because why not enjoy the wealth?
Like, I was driving around Beverly Hills a few weeks ago with a friend of mine.
He's like, hey, there's Bezos' house.
Hey, there's another one.
He has houses all over the place.
Everywhere.
I mean, you don't even know.
I mean, why not enjoy it?
Yeah.
You know, at some point, and he's going to have another 20 years to enjoy it.
20 years is Bezos.
How old?
He's 56 now.
I think he's going to live a long time.
Yeah.
Remember, you know what city has the highest average life expectancy in the world?
What city?
In the world.
No, you can't say it.
I'm going to say it's a European country.
If you see me do the video, you can't say it.
I haven't seen anything.
Okay, so which city is that?
I'm going to say it's Zurich.
Okay.
What are you going to say?
So random.
Two things are popping in my mind.
Somewhere in Greece with a Mediterranean diet or possibly someplace in Japan.
It's interesting how you say, because you went into people like, oh, I'm just going to have fun and I'm just going to dance and drink and party.
What city is the richest city in the world with the most Monaco's life expectancy is the highest in the world, 89 and a half years.
The average person lives 89 and a half years.
Yeah, because they're all freaking billionaires.
The point is when you have money, you get the best health care because that's what you do.
So I think he's going to be living a long time ago.
Not if you eat those lobster rolls, bro, though.
That'll set you back.
That lobster roll, I can't.
Ridiculous.
Yeah, so okay.
I mean, look, I'm banking on Elon.
I think we're all saying we're banking on Elon long term.
Tesla, I don't know.
The math is not on their side in 2020.
It's funny, though.
He's got four other fallback companies if this thing does take a dive at all.
And he's got the tequila coming out.
So question for Tom.
How are you?
Who's Lauren Sanchez?
Why are you at her 30th birthday?
And why do you know that she's a quote-unquote sexual beast?
I don't know any of that.
That's not because your opinion, man.
My friend was dating her.
So why was that her 30th birthday?
Yeah, it was interesting.
Okay, who is she?
Lauren Sanchez, that's Jeff Bezos'.
No, I got that part, but who is she?
Former news anchor, Phoenix LA, you know, Extra.
So yeah, good girl.
I mean, cool, fun girl.
How did that happen with those two?
Bezos, they were neighbors.
You know, they live next to each other in Bedford.
She's got 12 houses.
And she was married to the guy that ran CAA.
No, William Morris.
Yeah.
The co-CEO of William Morris.
Well, shout out to Bezos' ex-wife, Mackenzie Scott.
She gives give a money.
She's now worth $60 billion.
Yeah.
And she's given away billions and billions of billions during the pandemic.
So shout out to her.
I have a lot of respect for that.
Because, I mean, I don't know if you guys feel the same way.
Like the whole ex-wife thing, they do nothing sometimes and they just kind of like live a life of luxury because they married some rich dude and they go shopping and they kind of live that.
They just pissed off 3% of our audience.
Yeah, yeah.
I'm sorry, ladies.
But, you know, they just kind of live that Rodeo drive lifestyle.
They go shopping.
But to see this lady that's worth as much as giving away her money and giving back, I got a lot of respect.
Is there a strategy behind your compliment?
Yeah, Mackenzie Scott.
He's recruiting.
How you doing?
Mackenzie Scott, what's up?
Can you imagine Adam and Mackenzie Scott?
Adam goes overnight from being worth 30 billion and then he's giving us videos how to be a billionaire.
Pat, listen, you got to listen up here, buddy.
This little podcast thing you got going on.
That's a business decision, isn't it?
We're buying iTunes tomorrow.
You can run a podcast.
I'm going to buy a podcast.
She gave away $6 billion and she's still probably worth $8 billion more than when she started.
This might deviate from the topic a little bit, but it's going to stay.
You know, in Miami, speaking of this, I ask girls this question.
All not that.
I asked girls, I say, ladies, question for you.
You have two options.
Would you rather be with a wealthy, wealthy dude?
You never have to work again in your life.
You're living the high life.
You're living in a mansion.
You're driving whatever car you want.
You got all the money.
Life is good, but this dude is busted.
He's gross.
He's fat.
He's sloppy.
He's bald.
Like the whole thing, right?
Or you're living with some dude.
You're with a guy.
Total stud, six packs, macho man, sexual, you know, the whole thing.
Hot, da, da, da, da.
But he's broke as shit and he lives with his parents.
Who do you pick?
And you see these girls' brains like, but the guy's got the money.
But this guy, they can't compute a lot of times.
And then finally, do you know what the most common response is?
I'll just take the rich guy.
Fuck it.
Like, that's what they settle on.
But if you ask all the guys in this room, would you be with a wealthy, older, sloppy lady or a hot supermodel who's broke, what are you picking?
Both?
Both, this guy says.
You're obviously picking the hot chick, right?
Is it even a question?
Tom might want the old lady.
I don't know.
Who are you picking?
I'm taking the hot chick.
Obviously.
What's the processing?
The guys are obviously visual creatures, and we don't care what you like.
How often do you actually care what the girl does?
I disagree.
I just agree.
Really?
I disagree.
You're going with the old rich lady?
No, I disagree.
What I disagree with you is a guy is mentally is an earner and provider.
So to him, he takes the responsibility of being an earner and provider.
Correct.
And a woman, depending on what her priorities and her life are, looks at it as I need someone that gives me protection, safety, safety, responsibility, security.
And the guy that's good looking is probably going to be smashing 10 other girls at the same time as you.
So you're sharing your guys.
So there is, so yeah.
So the guy, of course, you're going to go with a 40 guy.
You're going to go, I'm going to go work.
I'm going to go make my money.
I want to be with the hot girl.
I don't need you to bring your bills.
So you agree with me.
Except I think you ought to consider a strategy with Mackenzie.
Believe me, I've got some calls out to her.
Thank you.
Mackenzie, please return a call.
I think you got to consider something like that for you.
Okay, so now that we have that, let's go to the Bitcoin community.
Bitcoin's on fire.
It went from nothing to 34,000, dropped 17%.
Everybody panics.
It's down to $30,000.
But JPMorgan Chase just predicted.
It's pretty crazy for J.P. Morgan Chase to say this, by the way.
JPMorgan Chase just said that Bitcoin in 2021 could pass $146,000.
They said it could pass $146,000 in 2021.
Thoughts on Bitcoin if any?
Someone said the other day, it was at the Guggenheim.
They gave an interview.
It was a pretty public philanthropic investment type asset financial firm.
And they said they thought that Bitcoin can go up to $500,000 in the next few years.
So this kind of goes back to the Tesla thing.
There's a difference if you're investing to all our investor friends out there.
There's a difference between day trading and decade trading, right?
So who knows what's going to happen to Bitcoin?
Like if you freaked out in 2018, oh, it's going down, it's going down.
And the high was 20,000.
Now we're talking about, oh my God, it might come down from 30,000.
The big question is, where will Tesla be in five to 10 years?
Where will Bitcoin be in five to 10 years long term?
If you're thinking, you know, shorting and it's going to be short in the next year or so, whatever, who freaking knows?
That's not the point of investing.
It's a long-term strategy.
And that's sort of the problem that people get in is they try to time the market.
It's not about timing the market.
It's about time in the market, right?
So I think for a few years, people were not trusting crypto, not trusting Bitcoin, not trusting blockchain, everything.
But clearly with everyone coming out, you just said JP Morgan, you had, who, PayPal, you had Visa, you have all these financial firms that are saying, yeah, we're in on this.
We're in.
So the question is, is there a chance that it goes to zero or it goes to 100,000?
What?
Zero?
No.
Okay, so that's my question.
There's more of a likelihood of a chance in the next few years it goes to 100,000 to zero.
I agree.
Okay.
I don't disagree.
So yeah, that's where I'm thinking long term.
Yep.
I think if you like did Adam's theory where he asked these girls randomly on the streets in Miami, do you want a rich guy?
If you asked randomly, not random, but girls I know, but yeah, okay.
Don't you think 99.9% of the people don't know what the hell Bitcoin is?
So I think this is a game for people that understand it.
They will doctor this price however they see fit for them.
And I think there's no limit to how high it can get.
And I just don't think anybody understands it.
Last week, there was a pretty big story because the first professional athlete is having part of his salary in Bitcoin, an offensive lineman, and I forgot who he plays for.
Now he used to play for Seattle, which is fascinating.
Now, he is sponsored by a Bitcoin company.
So him sending out tweets, you know, he's having to do that.
And I didn't really fully understand just how much he knew about it other than he was promoting the company.
But I think you're going to see a lot more of this.
I think people that want to act like they're a step ahead, I just don't think there's a full understanding of the average American what Bitcoin is.
Let me give you just a different perspective on what happened on December 31st with me.
December 31st, I have a million things to do and I'm trying to finish off my year.
But at the same time, I'm trying to get my dividends paid out to all the investors.
Okay.
So I call Chase.
I'm on the phone.
30 minutes with Chase on the phone.
Their phone system wasn't working.
First call hangs up.
I call Chase again.
It hangs up.
I call Chase seven times.
After being on hold for 15 minutes, Chase hangs up.
Then I have different, then I start calling on three different phones.
Then I get my relationship manager.
Then I go, then I go to Chase directly.
Then I, the whole event took about four hours of my day.
I send a tweet to Chase.
Chase responds back.
I said, it's your phone system down, not working.
I'm speaking with your seventh rep now and your whole music works, but the rep speaks.
They cut out.
Our finance department has had problems with your phones all day.
They tried on three landlines and two cell phones and nothing.
One guy responds back to me and he says, if you have to ask permission to use your money, then it's not really yours.
And he says, Bitcoin can fix this, right?
So he says this, and I sit there and I'm like, you know what?
The fact that it took four hours of my day that I have to go do all of this stuff.
Are you really Patrick Bay David?
What the hell do I have to tell you if I'm Patrick B. David?
So I sit there and I'm like, you know what?
If this eventually goes this way with the process, it's way too slow of a process.
In a process of business like what we do, what I constantly, the reason why we invested into that technology, $3.5 million that we put time into last two years, is to eliminate steps so you can accelerate a process.
If Bitcoin can accelerate multiple processes for people's lives and find, I think the challenge they've had, here's the challenge with Bitcoin.
The typical Bitcoin investor that's obsessed about Bitcoin, who understands it, is it fair to say that they have to be brighter than an average individual when it comes onto the math.
They have to understand the technology, blockchain.
You have to understand what's really going on.
You can't sit there and explain it to the average person.
The average person's like, what are you talking about, crypto?
Well, you got to mine.
What the hell is mining?
Well, mining is this.
And the deeper you go, people are like, dude, it's just too technical for me.
Versus a baseball card industry that's blowing up right now and they're selling shares of baseball cards.
Here's this baseball card.
They printed 100,000 of them.
Only 20 of them have gone to PSA 10.
This is one of the 20 that we have.
It's worth this much for you.
The market's paying 180 grand.
What do you want to pay for it?
It's probably going to be a $500,000 card in five years.
The math and the way you explain a baseball card is what?
Very easy.
So somebody says, okay, cool.
I'll buy the baseball card and I'll sit on it because you look at it as what?
You look at it as artwork.
You know, I'm going to buy it and I'm going to sit on that artwork.
Bitcoin, if they learn how to explain the benefits of it to different types of people, business owners, the average investor, the average buyer, the day-to-day person, the person that's insecure about their money being on Mac, the person that's older, that's worried about money and this credit card.
I don't want to use my credit card online.
If they learn to do better marketing with that, I think the upset on Bitcoin can be very high because the direction we're going right now, people don't trust the government.
People don't trust politicians.
People don't trust these people.
They're making money like crazy.
They don't trust them.
So I think timing is on their side.
And if they do it right, this could be a very interesting direction we go to the next five or 10 years.
I just have a thought process, and I'm kind of tying everything we discussed with Tesla with Bitcoin.
So, you know, again, with my whole interviews, everything I do, I've interviewed a lot of people, you know, when I do my man on the street stuff.
And I actually went to a Bitcoin convention and I interviewed hundreds and hundreds of people who have no investments whatsoever.
No 401k plan, no IRA, no Roth IRA, no access to the traditional stock market, no SP 500 index fund, nothing, nothing, nothing, nothing.
But they got a Bitcoin account.
Yeah.
That's very dangerous.
That is very dangerous.
That's like saying, oh, are you a stock market investor?
Yeah.
Where do you invest, Tesla?
That's it?
You just have one stock, Tesla?
Yeah.
I'm riding with Elon.
Very dangerous.
So diversification.
So I've learned this just through my time just investing.
You know, you kind of have your main entree for me.
That's an SP 500 index fund.
Cool.
I have majority of that.
But you also have little bonds.
You maybe have a little gold.
Maybe you have a little cryptocurrency.
If you're a believer in Bitcoin and blockchain, you know, rather than doing 5%, 10%, maybe you put 20, 20%.
You got some Bitcoin, right?
Yeah, I've got like, I put 5%, you know, like nothing crazy.
I put in, you know, three years ago, like $40,000 or something.
Holy crap.
Drinks on Adam.
Yeah.
I mean, my buddy.
But so, no, it's gone up a little bit.
Where did you buy that?
$6,000?
No, This was at like $15,000.
$15,000.
Okay, good.
Yeah.
So, no, it's gone up a little bit, but never in a million years would I put all my money into Bitcoin or into any crypto or into Tesla.
That's ludicrous.
But that's what people are doing.
It's like, oh, I'm investing in Bitcoin.
Let me give you the flip side of it.
As ludicrous as that is, in the next five, 10 years, you're going to hear so many people that this thing, if this thing goes to half a million dollars, there's going to be so many accidental billionaires that they're going to say billion.
Everyone's going to talk to them like an expert.
But they did exactly what you told them not to do.
They did the opportunity.
So what I'm trying to say is that.
If they buy and hold long term, if they don't try to get in and get out.
If somebody is playing the, I don't care, I'm going for everything.
I want it all.
Or I'm nobody.
That's a strategy some people are taking.
They're banking on Bitcoin, helping them become millionaires, billionaires.
That's what they're banking on.
I don't think it's a most least stressful strategy.
But if this thing goes in a direction it's going to go, it could end up being a very big victory for those risk versus reward.
Exactly, exactly.
So let's talk about Jack Ma.
I think it's time right now for us to talk about Jack Ma.
It's a little weird what's been happening with Jack Ma.
So Jack Ma comes out and gives a speech on October 24th, which I think both all of us have read or you read some of the commentary on what he said.
I'll kind of say a couple of the stuff that he gave the speech on October 24th.
He came up, he says, look, I'm a semi-retired man.
I'm just Jack Ma.
You know, I'm going to give a message to you today.
You're either going to think this is immature, incorrect, or laughable.
But I'm just going to give this message to you.
That's how he kind of set the whole thing up where it was kind of making him be safe.
And then he got up and he started talking.
And he says, look, there's three challenges that we're facing today.
One is lack of financial system, that China doesn't have a financial system because we built too fast.
Number two, innovation must come at a price.
And number three, credit management.
Okay.
And he goes and talks about credit management.
I'm going to read a couple of these things that he said, which is pretty epic on how we explain credit management.
Jack Ma, he goes up and in a part of his speech, he says, President Xi once said, success does not have to come from me.
I understand this phrase to be about a sense of responsibility.
He's about taking responsibility for the future for tomorrow, for the next generation.
Many of the world's problems today, including China's, can be solved by innovation.
However, for real innovation to happen, no one will show you the way.
And someone must shoulder that responsibility because innovation is bound to make mistakes.
Watch this.
Let me read that one more time.
President Xi once said success does not have to come from me.
He says in his speech, Jack Ma, I understand this phrase to be about a sense of responsibility.
It's about taking responsibility for the future, for tomorrow, for next year, and many of the world's promises, including Chiang Kim-samuel Innovation.
However, so if you just go, President Xi says this, I understand he's saying this.
However, for real innovation to happen, no one will show you the way, and someone must shoulder the responsibility, meaning President Xi must shoulder the responsibility because innovation is bound to make mistakes.
But the question is not how to, how not to make mistakes, but whether we can perfect and correct them after making mistakes and persistently innovate.
To make a risk-free innovation is to stifle innovation.
To make risk-free innovation is to stop.
That's such a powerful statement to make.
To make risk-free innovation is to stifle innovation.
There is no risk-free innovation in the world.
There is no such thing as risk-free innovation.
Oftentimes, managing risk down to zero is the biggest risk.
That phrase is so, it's like we just talked about it right now with Bitcoin.
Oftentimes, managing risk down to zero is the biggest risk.
Another part of his speech, I'll read these two, and I'm going to turn it over to you guys.
He says, today it's really difficult to regulate ourselves.
It's hard to conduct regulation everywhere around the globe.
Innovation mainly comes from the marketplace.
Innovation comes from the grassroots.
Innovation comes from young people.
Regulatory challenges are getting bigger and bigger.
In fact, Jian, which means supervision, the first character in the word for regulation in Chinese, and Guan, which is the words he uses, means management, the second character in the word for regulation in Chinese, are two different things.
Supervision means watching you as you develop and paying attention to your development.
Management means intervening when there is a problem or when there's a foreseeable problem.
We are very good at management, but our supervision ability is sorely lacking.
And then the last one is this.
The third point.
The essence of finance is credit management.
We must change the pawn shop mentality of today's finance and rely on the development of credit-based system.
Today's banks continue to have pawn shop mentality.
Collaterals and warranties are pawn shops.
This was very advanced once upon a time.
Without innovations like collaterals and warranties, there would be no today.
There would be no today's financial institution.
The development of Chinese economy over the past 40 years could not have continued.
He's been the president and CEO, I think, of the Chinese Entrepreneur Club, the chairman, and also the president of the Xijang General Chamber of Commerce.
That's him.
He says, I talk to many entrepreneurs.
China's pawn shop mentality is severe and it also affects many entrepreneurs, especially entrepreneurs who have collateralized all their assets.
There are also some people who unscrupulously take out loans and constantly increase their leverage, taking on more debt.
And he explains, as I know, borrow $100,000, you're afraid of the bank.
If you borrow $10 million, both you and the bank become a bit panic.
But if you borrow a billion dollars, the bank is afraid of you.
There's another habit.
Banks just want to lend money to the big companies because they're safe.
They don't want to lend money to the small business owners.
This is not going to work right.
Anyway, he gives this talk.
After giving this 21-minute speech, people haven't seen him in public since.
And it's now been seven weeks.
What do you think is going on over here?
Wow.
I'll jump in here.
This is a huge story.
This is, I think, pay very close attention to this world because this is a microcosm of what's happening.
Number one, there's three options for Jack Ma right now.
He's in custody.
He's hiding or he's dead.
Those are literally, I think, the three options.
He's a very, very smart individual to do what he's done in a socialist country, in a communist country, to be able to build the epitome of a capitalist company.
It's unbelievable.
He's worth $60 billion.
We had this on the docket.
Maybe we were going to talk about Jack Ma and the IPO and the holding company last week.
I'm going, why is he throwing all this out there?
I thought there was a shelf life.
There was a ceiling for how long he could get away with this in China.
He's just too much like a world-renowned capitalist for China.
So my opinion, he's hiding.
Okay.
He was planning for this.
He knows what the Chinese government is capable of, and he's hiding.
I don't think you just go get Jack Ma and arrest him like some, you know, like a journalist.
Like a reporter whistleblowing.
A journalist in Hong Kong or something, right?
Okay.
So I think this is a huge deal.
I think he's in hiding.
I mean, come on.
He hasn't been seen since October.
This is the deal.
Richest man in China.
51 billion.
Yeah.
You know what?
This just opens, this should open everybody's eyes to what China is capable of.
And the fact that we aren't taking them more seriously, for decades, China has been a thorn in our side, a menace.
Now they are like a serious, serious problem that is getting cocky.
They can get away with anything.
And if their strategy was to eventually control a political party in this country, control the media, I mean, they're getting very, very close to checking off a couple boxes.
They are strategic.
They are marching towards an end game that only they know.
And this is scary, the fact that Jack Ma can just disappear.
My opinion is he's hiding.
He's got the resources to do it.
He's planned for it for years, and he's somewhere on some island.
That's what I think.
Yeah, you brought up a couple key words.
Number one being control.
So let's just paint a picture of who this would be in the United States.
If you're not familiar with Jack Ma, this is the equivalent of Jeff Bezos saying some bad things about the U.S. government, about Trump.
Very normal in America.
And it happens every single day.
Every day.
If Tim Cook said something about Trump, it'd be like on today's news and gone the next day, right?
The Rock says something about Trump.
All right, we'd laugh and joke about it.
It's gone.
Jack Ma says a couple things about the CCP and President Xi is missing for almost two months.
This is life in China.
And I actually want to throw it to you to get your opinion on the, it's like it's socialism on the government side, but capitalism and the working thing.
But the thing that Tom brought up and I kind of had some notes on is this is about control.
With Alibaba and Ant Group and everything that he's doing, he has access to hundreds and hundreds of millions of people, ultimately more than a billion people potentially, who can go directly to his business that he – CCP has no control over what he's able to do.
And I think – What do you mean?
Meaning he clearly they do not like what he has to say.
CCP has no control over what they can do to him?
No, They don't like that he has access to all these people.
His company has access to all these people.
Yeah.
And can what?
That's my question.
What is the control that the communists have?
Tell me how it works.
Tell me how it works.
Everything is if you bow down to the regime.
Yes.
Then you get what you get.
Okay.
Which he has done clearly for years.
One thing you do not do in China is calling out President Xi.
You do not do that, buddy.
And you cross the line.
Okay.
So imagine, so go to the setting.
Go to the setting.
So it's October 24th.
He's giving a speech.
Speech ends.
He walks off.
He gets text messages.
His attorney calls him.
His peers call him.
His attorney probably told him, don't give this speech.
Did he contact this attorney, say, read this speech?
This is what I want to read.
And the attorney said, don't do it.
You think he talked to his attorney?
Maybe he didn't talk to his attorney.
Did he pull off a Jerry McGuire?
I'm just going to go and give this speech.
I don't know.
Did he take anyone's advice?
Maybe he didn't take anyone's advice.
If he did take someone's advice, what happened there?
Say he didn't take someone's advice.
He gives a speech.
Right afterwards, what are people texting him?
What was that all about, bro?
Were you talking about then?
What else was he happening?
Maybe the talk was he arrested right on the spot, is the question maybe.
Maybe there were people there saying, here, follow us, somebody wants to talk to you and boom, you go there.
He's disappearing right, maybe right afterwards like dude, I gotta get.
So his friend says you need to leave asap, gets on a private jet and leaves and goes somewhere else.
No one knows.
No one knows what happened right now with a guy like this.
By the way, it's been nine weeks.
I said seven weeks.
It's been nine weeks.
It's been two months.
Yeah, it's been two months, over two months, since this happened.
No one knows.
But here's a rule of thumb, You know, the whole thing started with these guys wanting to break apart the ANT group, right?
You know, it's too big.
You guys are too big.
We got to find a way to, you know, break this thing apart and et cetera, et cetera.
This guy's a rich guy, billionaire, all this other stuff.
The IPO, all this mess that was being talked about, right?
Here's how the Chinese regulators slammed the brakes on the firms.
Would-be record-breaking $37 billion IPO.
Wait, we're not doing this, right?
That's kind of how this whole thing came about.
The calls he got right afterwards.
Dude, if they come and get this guy and they're sitting with them, here's what China's now dealing with.
If he disappears and they kill him, what happens to China?
Go through all the situations.
That's a PR nightmare.
For China?
Are you kidding me?
The richest man in China?
China ends up dead after he talks trash about Xi?
So then go there.
PR nightmare.
Yes.
So the ant group IPO was halted after the speech.
Right.
Yeah, that makes sense.
Of course.
So they kill him.
So nightmare?
What's the possibility of being killed, by the way?
High.
That it happened?
Yeah.
Oh, so you think it's possible that he got killed?
I'm thinking it is possible.
Okay, it's possible.
Okay.
I think he's, go where you're going with this.
Okay, so.
But China has to process, if they do anything to this guy, hey, how dare you talk about us this way?
This is what I think would happen.
They bring him in.
They say, hey, we've known for the last 20 years that you're going to have a lot of influence in the country.
So we've had 300 of your employees that have been insiders reporting to CCP.
And we have recordings of you of 7,000 hours.
And these are some of the things that you've said.
And they're going to play it for him.
And then we know some of your habits and what kind of girls you like and what kind of this you like and what kind of that you like and what kind of this you like.
We want you to look at this packet.
Okay.
We are going to train you to come out and you are going to say great things about China like you've never said before for the rest of your life.
Because if you don't, you're going to lose this, that.
Do you commit to that?
What do you think he's going to say?
Yes.
If Jack comes out and in the next six months, 12 months, you see him speaking very, very highly about China, that's what took place.
Okay?
They got something on him.
By the way, that's not a China thing.
That's everything.
Every country.
Same thing was happening in Russia.
No, that's everywhere.
That's not about, you know, that's nothing new.
So I'm not putting that on China.
That's a tactic that we use for a very, very long time when it comes down to things like this.
If you have dirt on somebody, you call them into a room and you say everybody.
This is a different kind of dirt.
This is an internal manipulation, you know, trying to go on the inside, getting you, all this other stuff.
You think China doesn't know that Jack Ma's a threat to them because Jack Ma's pretty opinionated and he's connected with America and he's admired and loved and enamored and all this other stuff?
Of course.
They know that.
So I think China is smart enough to not go there, but at the same time, do you think China gives a shit what the rest of the world thinks?
No.
Do you think they really do?
I don't think China does.
And if a country like China cares what the rest of the world thinks.
What do you think China cares more about?
Do you think China cares more about their system, their values, their principles, what they do than what you think about how they handle certain situations?
Yes, but if you start questioning their system, that's when I think they get a little hold of that.
Like everything that happened with Darrell Murray in the NBA and the Hong Kong protests.
Do you think China is the kind of player where this is what happens?
Let me give you a scenario.
You know how a player screws up and they come out and next thing they say, what?
I just want to say on behalf of my family, I'm very disappointed in my behavior.
This is not something that I do.
I let down my family.
You think that's China?
No, no, no.
China's going to say, no, that's who we are.
This is our system.
Period.
We don't apologize for that.
And they don't want people questioning it.
You do not do that to China.
Especially when you're the richest man in China.
And China's getting to the point, too.
What other country can say anything negative about him?
What, an African country, a European country?
They have influence everywhere.
You think Joe Biden's going to call them out on whatever's happened to Jack Ma?
Two things.
Do you think the Chinese government takes over his company?
Number one, do you think they allow him to continue to run it like he has been?
And number two, do you think he's gotten too comfortable?
I do.
I think when you have a worldwide business like that and you travel to the United States, you see how this is.
I think he got a little comfortable.
I think he lost grasp of just what they can do to him in his home country.
Is it comfortable or cocky?
It's a big difference.
Is it comfortable or cocky?
I'm going to say comfortable because I think he's got enough of an edge where he wouldn't allow himself to get cocky to be able to build that business out of a one-bedroom apartment like he did.
So I think it's comfort as opposed to cocky because I don't think you can get that cocky in China because there's constant reminders that we will squash you.
So I think it's just a level of comfort.
Private jet, G5 to the U.S., you know, to Monaco, to the south of France, wherever you want to go.
And you forget this is where I'm from.
These guys really do have their thumb on me and they can press me down at any time.
Pat, you know what I think would be helpful for, I mean, I'd like to know, and maybe our viewers would like to know, because I know you've done a lot of interviews regarding China, obviously General Spalding and everything with that.
How does the system actually work with the communist, CCP, you know, socialist agenda?
Like, don't question it versus, yeah, we allow capitalism to happen on the ground, so to speak.
How do they have that balance?
How does that work?
It's capitalism with respecting the top.
Okay.
You cannot question the top.
You cannot say, hey, you're not doing this right.
You're not doing that right.
There is none of that going on.
You're not going to see a China media calling out what President Xi is doing.
You're not going to wake up in the morning and see a CNN or a Fox type of a situation.
It's not going to happen there.
It's not a kind of a situation where they're bashing each other.
You cannot do that.
Like a CNN of the world calling out Trump or a Fox of the world calling out Obama, that's not going to happen in China.
On the media side, but that's everything, though.
That's everything.
So they say, listen, you want to do business?
Go ahead, do business.
As long as you don't disrespect and you do what we tell you to do.
It's a culture.
So how does the cap.
It's like the mob.
Yeah.
It's like the mob.
But how does that hinder entrepreneurship, capitalism, free spirit?
Well, what hinders what happens there?
Okay, so give me the DNA of an entrepreneur.
I mean, everything we talk about every single day, toughness, grit, sticking it out, work ethic, principles.
DNA of an entrepreneur is what?
I think I can do it better than the government.
So President Xi.
So Jack gives a speech about how he thinks he can do it better, and he talks about lack of financial system, innovation must come out of price, and credit management.
He thinks he can do it better.
Is he inspired for him to be a president?
Is he inspired politically for himself?
Does he want to kind of take the next step?
Does he kind of want to be the Trump where he wants to go out there and say, I want to go out?
Is he a threat to President Xi?
Because he's speaking at a time where he can be a more world leader type of person, where he has connection with China, but he can also speak English.
He's very eloquent, where he can be more a global type of a power.
Is he trying to play a power play to take the next position of life for himself?
Does he want that?
I don't know.
I do know the way he started it.
He says, my message is either immature, incorrect, laughable, and I'm semi-retired.
A person who wants to be a president probably wouldn't start a speech like that.
Yeah.
Immature, incorrect, laughable, and I'm semi-retired.
Why would he even say that?
He's got those words.
No, to say, if you think I'm immature for saying this, I said it may be immature.
So I'm agreeing with you.
Immature.
I may be incorrect.
You're right.
I am incorrect.
It may be laughable.
You're right.
I do agree with you that I may be laughable.
So if you disagree, please know that I'm also in agreement with you.
So to button this up, because I know we need to probably move.
Tom laid out three very viable scenarios, right?
He's either dead, he's in hiding, or he's in custody.
What's your vote?
I don't know.
I honestly, I couldn't.
Nobody knows.
Yeah, I don't think he's dead.
That's number one.
So I take the debt out.
I don't think he's dead.
I don't think even with all the private airports and how to leave the country fast without somebody saying he's leaving, if he left early before somebody coming after him, because I don't know the speed of how quickly this was relayed to the power people.
If he's given a speech, somebody in there is sitting there texting the right people that are working directly with G to say, here's what we just said.
And here's a recording.
Somebody, so 21 minutes, I listened to them, boom.
Call him up with the game.
I think if they wanted him, they'd be there.
So I couldn't tell you.
I'd love to hear what the audience thinks.
Yeah, Jonathan Lee Reynoso says, if I give 10 bucks, if China really killed Ma, what would that do to the future of unicorns?
Other countries need to market China entrepreneurs and offer them a safe haven.
You know, I don't disagree.
So I'm saying I don't think that's the case.
He may be in custody.
He may be hiding.
Probably more custody than hiding.
I think it's more custody and revealing the stuff that they have on him to bring him back and train him for a few months of how to sound and look like when he gets on camera.
I think it's more training right now.
Re-education.
That's an education.
Like they have like the Uyghurs when the mom went to pushing.
It's like when the mob went to this week, I interviewed a guy named Jack Falcon.
Not Jack Falcone, which was fascinating.
He talked stories about Greg DePalma, the mob era.
He was an FBI agent undercover 24 out of 26 years where he was undercover.
No, but I talked to Dr. Cyril Wecht.
I don't know if you know who Dr. Cyril Wecht is.
He's the number one pathologist, award-winning pathologist for the last six years.
He's done 21,000 autopsies.
Okay.
21,000.
And 41,000 he's monitored and supervised.
41,000 that he signed off on.
He held Elvis' brain, etc.
That's a lot of dead bodies.
Yeah, that's a lot of dead bodies.
I had some very, very good stories that we're talking about.
You know, I don't know.
I don't know.
I don't know.
I almost don't want to say what I want to say here with this.
What do you mean?
No, no, no.
Yeah, I don't know.
You know, he has to surface at some point.
And then the question is, will he talk?
Will he give the back?
He doesn't have to surface because the guys, the mob went to J. Ed Garhoover and said, hey, here's pictures of you.
We know you're a cross-dresser.
We know you're gay.
Hey, shut up.
Leave us alone.
Don't say anything anymore.
J. Ed Gruver went to Kennedy and said, Hey, here's the pictures I got about Marilyn Monroe.
Okay, so you got to stay quiet or else.
Okay.
So that's like a regular thing.
So, hey, Chinese CCP.
Hey, Jack Ma, this is what we got on you.
Moving forward, here's your script.
Here's this.
We need you to sign this off.
If you don't, we're going to ruin your life.
What do you want to do?
And we're going to train you for the next couple months until you agree to this.
I think that's what's going on.
He could be a big piece of propaganda for them, right?
A big selling point.
I think so.
I think so.
Tom, here are the pictures I have of you and Lauren Sanchez.
I had your 30th birthday.
Wrong.
I was an observer.
That's it.
All right.
So what do we want to talk about next?
I don't know, but that's pretty interesting what's going on with Jack Ma.
That is a humongous story.
Global.
Georgia runoff.
Okay.
Georgia runoff is taking place today.
Yep.
Georgia election rule today.
Are you flying?
Runoff races.
No candidate exits 50%.
Republicans have 50 seats, 48, two more, you know, et cetera, et cetera.
You got two names that are going off back and forth.
Georgia has not elected a Democratic senator since 1996, 24 years is a long time.
The runoff races come after President Joe Biden made history as the first Democrat to win Georgia's presidential race since 1992.
NBC News projected.
They're not even calling president-elect Joe Biden because it's not done yet.
You haven't collected your money yet.
Close to half a billion dollars.
Close to half a billion dollars.
Where are my lunches?
Close to half a billion dollars has been injected into two races as both parties race to secure a slim majority in the state, either to give life to the legislative hope of president-elect Joe Biden or stamp them out before his term begins.
A record 3 million voters have already casted their ballots in the elections, making up 38.8% of all registered voters in Georgia.
Thoughts?
You know, okay, so it's been since 1997 since Georgia has elected a Democratic senator.
Kai, what were you saying as far as a presidential?
92, something like that, right?
96.
You know what?
The reason shifts or the reason trends like that shift is when there's a dynamic person to vote for.
So there isn't one of those on the Democratic side in Georgia right now in the Senate runoff election.
So if a Democratic candidate wins today, something's up.
I mean, it's just that simple.
When you collect 3 million ballots in advance, the level or the opportunity to do bad things with those ballots is high.
And if you just look at this objectively, Stacey Abrams is a very, very big figure in Georgia, getting votes, collecting these ballots early.
There was a court case last week where they tried to slow down some of this, and the judge said, no, I will not slow it down.
That was Stacey Abrams' sister who was the judge.
So we all know what's at stake with this today.
Are the Democrats that sure of themselves that something fishy could happen again and no one will find out?
I don't know.
I just think for the sake of the country, whether you're a Republican or Democrat, it helps to have a little bit of balance in power.
And I think for the sake of the country, it's important that Purdue or Loffler, one of them, wins today.
It's that simple.
And you know what?
It's going to get ugly.
There's going to be violence.
No question about it.
You think there's going to be violence?
FEMA actually came out.
Homeland Security actually came out and said last week, you know, regardless of what happens, there's going to be violence in Georgia.
You know there is.
You know, D.C. is bracing for what's going to happen later this week with the Electoral College vote in Congress tomorrow.
So it's a volatile time in our country.
It's scary.
And you know what?
I just, I hope one of those Republican candidates win for the sake of the country.
Who do you think has most more likely to win?
You know, I would have said Purdue, probably, but he's been in quarantine since last Thursday.
So he had some contact with somebody that tested positive for COVID.
So he hasn't been able to campaign.
I don't think it matters.
I think your mind has been made up a long time ago.
I don't think you're going to switch your mind and make your decision on who you're going to vote for in the last three or four days.
I like Laughlin.
I like Kelly Lauffer.
I really do.
I mean, you know, her husband is the president of what?
New York Stock.
New York Stock Exchange.
Like I said yesterday, she's got a pretty good consolation price.
She's married to a billionaire, even if she doesn't win.
I think one of them is going to win.
I don't trust the polling.
And yesterday, the polling came out and said that it's very, very close.
We learned back in November, you know, what kind of stock we can put into these polling numbers.
So I think a Republican's going to win.
I think it'll probably be Loeffler.
Yeah, again, I haven't really been paying attention for the last couple of weeks.
Obviously, we've known about this for two months that this has been the target date since everything.
But it's gotten really ugly in Georgia.
What's the one thing I did see in the news recently was Trump made a call to the Republican Secretary of State of Georgia trying to find 11,000 votes.
The guy's like, look, dude, like, I'm a supporter of you, but I'm not about to do anything about that.
And plus, he recorded the conversation.
Yeah.
So it's like, I think Carl Bernstein, who was one of the Watergate writers, was like, yeah, this is straight up worse than Watergate.
Like, what are we talking about here?
He's calling them, you know, Trump has a way of talking where he's like, look, I don't know.
I'm not telling you that you should find this, but maybe you can do this.
Like a very mafia kind of talking, right?
Very interesting what happens there.
But back to you.
Again, I haven't been following the news.
Last time I think we spoke, you were at 30%.
Trump was still going to win.
Where are you at right now?
30%.
You're still there.
Yes.
Damn.
30%, man.
Okay, so at what point are you down to zero?
Like when Biden, like when Biden steps into office?
I don't know when he wheels his walker into the Oval Office.
But at that point, you'll say, all right, like he's the president.
Like, I just want to, yes, I'm being genuine here.
Yes.
Okay, yeah.
You're not official yet.
Okay.
30%.
But you're still at 30%.
Yes.
Where do you think most Trump supporters are at this point?
I'm asking a legitimate question.
Where are Trump supporters there?
Do they still think that he trusts?
A true, true, true Trump supporter.
That's what I'm asking.
Oh, I think they're thinking this thing still has a chance.
They still do.
100%.
I think a lot.
Gotcha.
I'm not saying they think it's 100%.
Yeah.
But I think Trump supporters believe there is a chance that this thing could solve.
One of my best friends is like the, I have actually a lot of best friends who are very close friends who are huge Trump supporters.
And they're constantly texting me like the one guy that, Kai, you spoke with, Joe, he's like, it's happening, bro.
It's like he'll randomly, it's happening.
Everything I've been talking about, it's happening.
I'm like, what's happening?
Tell me something.
You know what?
I think a lot of those, like your friend, Trump's been too quiet for the last three weeks.
What?
Well, I mean, other than the call to the Secretary of State of Defense.
Other than, you know, that whole Watergate call.
He's played a lot of golf.
It makes you think he has something up his sleeve.
He don't got nothing up his sleeve, Player.
I'm not saying it's going to work.
I just think something's up his sleeve.
What's your number at this point?
I mean, Tom's somehow Trump lost the election, and Tom's numbers have gone up.
Yeah, but I'm also saying 70% chance that Biden is going to be the president.
Yeah, but you were at 20% or like 15% like two months ago.
But you were at 5% this entire time.
Are you still there?
I'm still 5%.
Okay.
So, but you know what?
Again, I explained to you what 5% to me is.
5% to me is, I'm not going to make the bet on 5%.
But I'm telling you, there's a 5% chance because you don't know what's going to happen all of a sudden.
Something could flip.
Pazazzi Morano just sent $5 and said, I hope the Democrats win in Georgia so they can rewrite the Constitution with gender-neutral pronouns.
Amen and a woman.
I heard some guy say that.
Amen and a woman.
That was classic.
But this is a very big day in Georgia.
Like whether Kelly Leffler or Raphael Warnock win versus David Perdue, John Osoff.
What I'm finding comfort in is the fact that the people running Georgia are Republicans.
What Brian Kemp is the governor of Georgia, Republican, huge Trump supporter.
Trump is like threatening to throw him in jail because he won't listen.
Then you got, what is it, Rothsberger or whatever the Secretary of State is.
That was the guy on the call that was like, oh, with all due respect, Mr. President, like, you lost, homie.
Like, I don't know how to tell you this, but Trump's like, no, maybe I didn't lose.
He's like, yeah, you did.
Sorry.
You know, it's awkward, these phone calls.
Yeah, but that conversation happens with every presidential candidate.
I guarantee you, Bill Clinton was leaning on people.
Obama leaned on people just like every other president.
Hey, can you find me 11,000 votes?
Oh, you think that's like a thing that everyone does?
Totally.
Oh, I totally do.
If you're in politics, you're doing that.
Here's another question.
Let's say they find these 11,000 votes.
Oh, that was he's like, 5,000 dead people voted, right?
Rothes Berger.
He's like, Yeah, two.
Which just goes to show you that he's full of crap because there's way more than two votes in fortune.
I'm just recapping the conversation.
None of this is my opinion, okay?
For all the soyboy haters out there, shout out to the Soba Mafia.
I heard that conversation.
But it's interesting to see what's going to happen here.
I feel like you got something to say.
How does he turn on his own?
How does a Republican Secretary of State hand this over to the white people?
Why do they believe in America, not just Trump?
As my assumption, I think, no, I disagree.
I think there's a part of it where they believe in needing their income and keeping their jobs long term.
You're going there with it.
It's a very logical assessment.
If you're not emotionally connected to Trump, you're caring about your job.
The person that to me is kind of like very interesting why he's such a true believer and he's putting his reputation on the line is Ted Cruz.
That's the one that's very interesting to me because he's going out there being, no, this is not real.
He did not lose.
We did not lose the election.
He's not backing down at all.
And he's going to stand up.
That's a very easy answer.
What is that?
And same with Josh Hall.
Where's Josh Holly?
Missouri or wherever he is?
Yeah, the whole Antifa came to my house yesterday.
It's a very easy answer.
What is it?
Inspiration to be president one day?
100%.
In 2024, does he want to be having Trump base being like, yeah, Ted Cruz stuck with us and he was there when we tried to steal the vote and we love you, Ted?
Yeah, or like, well, he was honoring democracy.
Let me ask you a question.
Let me ask you a question.
There is also part of that that he's taking a bigger risk.
The bigger risk is the fact that when that happens later on, you're assuming that all the Republicans are going to be for Cruz and all of Trump's is going to win the election in 2024 if Cruz decides to run for president in 2024.
So there is a risk for Cruz as well there.
I'm just surprised that he's doing it.
It's risk and reward, right?
I think we're talking about Ted Cruz now.
I mean, it's going to, by the way, the base is going to be.
I know what you want to say about Ted Cruz.
Ted Cruz has got to be one of the smartest guys that you got in America.
He's a genius, the guy is.
I don't care what anybody says.
That guy's a genius.
I'm a fan.
Big time.
You know, and I wonder what his aspirations are.
I don't know if they are president.
You know, there's been a lot of people.
What do you mean?
He ran for president in 2016.
Clearly.
There's also talk about him being in the Supreme Court.
I mean, there's a lifelong job that you don't have to campaign for, right?
So who knows?
He could be a Supreme Court.
I saw that conversation come up about him being in the Supreme Court.
The reality of it is exciting.
He's not going away.
He's not going away.
Yeah, he's not going away.
And the fact that he has Trump's back, that kind of surprised me a little bit.
By the way, did you see the Gallup most admired man of the year?
Who was it?
Who do you think?
Obama.
Trump was ranked as the most admired man of the year 2020.
Congratulations, Donald.
Congratulations.
Great job, man.
Now, here's a question for you.
Here's a question for you.
Because I know, would you say Gallup is a left-leaning or a right-leaning organization if you were to just?
Gallup?
Gallup.
Probably center left, I would assume.
Where would you put Gallup?
Far left.
Far left.
Really?
Yeah, let's just give you some data on why this is so ridiculous that they came up with this.
So history of the most admired men of all time.
Okay.
Last year, I'll just give you last year.
Trump was this year.
The year before was Trump and Obama.
A tie.
Last year they tied.
2019, they tied.
Best friends.
So for men, most admired man of all time is Eisenhower 12 times.
Obama, 12 times.
Reagan, eight times.
Clinton, eight times.
Two Republicans, two Democrats.
Okay.
Bush, seven times.
Republican.
Johnson, Linden, four times.
Democrat.
Nixon, four times.
George H. W. Bush, four times.
MacArthur, three times.
Carter, three times.
Kissinger, non-president, three times.
John F. Kennedy, 3, 2.
Truman, 2.
Trump 2, John Pope, John Paul II very favorite, it's one time?
Okay, but what do you mean?
One of the year?
Yeah, of the year.
How are people winning it?
That's like, it's like a hundred years right, you could win it five years in a row.
You could win it 10 years in a row.
You could win.
You said, you said Obama won it 12 times.
How's that even possible?
He actually yeah, two years ago these math, his numbers don't work.
If you want to know Obama started winning the most admired man since 2008, 8 9 10 11 12 13 14 15 16 17 18 19, 12 times.
It's that's.
He's won it even when he was out of office.
Yes, he's won.
Good, that sounds good.
Now, the most admired woman, who do you think is at the top?
And it's not even a close race?
Hillary Clinton.
It's not even a close race, Michelle.
Is it Michelle or is it Hillary?
Who do you think is at the top?
Hillary Winfree.
Let's go through number one, Oprah.
But Oprah has never won it once.
That was a trick question.
Oh my god, he got me.
So watch this.
Hillary Clinton, 20 120, 125 times, 22 times.
These numbers don't make sense.
Eleanor Roosevelt, 13.
Thatcher, six.
Jackie Kennedy, five.
Mother Teresa, four.
Nancy Reagan, four Rosal.
Rosalind Carter, three times.
Golda, Mere three times.
Michelle Obama, three.
Betty four, two.
Barbara Bush, two.
Mammy Eisenhower, two.
Pat Nixon, Laura Bush, Ethel Kennedy, Elizabeth Kenny all won, but Hillary Clinton has been the most admired woman from 2002, all the way down to 2017, until Michelle Obama.
You know what's crazy every year, every year, this is such bullshit.
Surprise that's your Manosi isn't on the list.
Yeah hey, you know what's crazy about this poll?
Hillary Clinton has been the most admired woman in the world 22 times.
She's not even in the top 10 in her own house as far as admired woman.
I don't.
22 times makes no sense and Trump's made it on that list one time.
Trump's made it two times.
Now, what do you think about that, Eric?
I know you're excited about Hillary.
22 times that carries.
It carries as much weight as people magazine's sexiest man of the year, right?
I mean, I don't know.
I'm surprised the Rock isn't number one most admired, he's probably working his way.
Most admire, most famous would probably be the Rock he.
They say 57 of the world recognizes his face.
He's the most recognizable face in wow 50.
Number one more than Obama.
Oh yeah, he's number one more than Trumpet.
Hey, do you guys remember the Rock when he was a wrestler?
Do you remember how?
Yeah, we do tom yeah no, but I mean for real, like did you watch wrestling?
He was the funniest.
But I mean, like really, do you swear the rock?
God, was he funny.
I didn't even watch wrestling.
I would love to see part of that persona come out.
God, he was so dangerous.
What do you mean by part of that persona come?
Oh, just the trash talking.
The character the, the thing that he used to do with coach.
Remember the, the announcer for the WWE?
Uh, he was just so.
You couldn't watch that and not think he's going to be the biggest movie star in the world.
But you know what?
He's a tactician.
There's a bigger end game for him, I think.
You think he's going to run for president eventually, don't you?
Oh, who?
The Rock?
Yeah, Yeah.
Uh-huh.
If there is, if I could bet on him running, not him winning, if I could bet on him running, I'd put a million dollars on it right now.
And it almost sure.
And it's almost like his stance will be: I'm doing this for America.
I have to do this.
I have no choice but to run.
You know, and I think there's a very good chance, too.
Where are you?
Where are you?
You know what he could start with?
He could start with governor of California when we get Newsome out by the end of the year.
I think that's too boring.
I know it is.
I think that's too boring for him.
I don't think he's accepting.
President or bust, huh?
Being a governor is boring.
Oh, so it's very important.
Vaz Blaz just gave 25 bucks, and he said, I pledged $25 for Adam to purchase some Depends Adult Diapers for January 20th.
He will crap his pants, Trump 2024 more years.
So, yeah, so that's my point.
These people right here, whoever this guy is.
But he gave you 25 bucks.
Thank you.
I don't see any of that.
He is so far-fetched in the lunacy world that he's giving money to project whatever ridiculousness he's thinking.
But I want to hear those opinions because it's like he actually believes that.
So we want to ask him.
So you want to ask him?
Okay, so let me ask him.
Let's get him on the phone.
Let's get him on the phone.
Why do you believe for a fact that, matter of fact, Vaz, if you're in the States, if you're in the States, send your phone number.
Let's call him up.
Are we ready for it?
I want to know why there's so much more.
What was he so sure of?
Send your 30% and you love Trump.
310-340-1132.
Like you love Trump and you're at 30%.
This guy's at 100.
3401132.
Adam wants to talk to you.
I just want to know why he's talking about you.
Vaz.
Text him.
100%.
If you talk over me, he doesn't get the number.
Text your phone number to 310-340-1132.
I don't care about Vaz.
I care about the Vaselines out there that are all out there.
Let's talk to the guy.
Let's get Vaz.
There he is.
Who is this?
Good job, Vaz.
Way to go, Vasquez.
Let's see what he got.
Okay.
There's nothing wrong with being a believer.
I get it at all.
I have no problem with you loving Trump and being a believer.
I have no problem with Tom's ridiculous 30% stuff.
It's the 100%ers out here.
It's the 100%ers who still believe that Trump's going to win and it was stolen and there's no doubt.
And meanwhile, he lost by 7 million votes and the Electoral College wasn't even closed.
Same amount of.
I just want to know why is it 100?
Why isn't it?
Well, maybe it's 90.
Like, how is it still possibly 100 in your mind?
Hey, have you guys?
I want to hear what Vaz.
Have you guys noticed that Dominion is going after people that have been saying that there's fraud and trying to sue them?
You got his number or no?
No, he says, Lil, I'm at work.
He's at work.
Get a life, Vaz.
Quit your job and get out on the podcast, buddy.
Good job.
Get a life.
Thanks for watching.
Appreciate it.
He's at work and listening to it while at work.
Brilliant.
Okay.
All right.
So North Korea requests COVID-19 vaccines from Global Group.
Country, which has reported zero infections, has also asked several European embassies how it might obtain the shots, according to the familiar P, to people familiar with the matter.
In recent weeks, North Korea has reached out to say, North Korea hasn't reached a single COVID-19 case.
The Kim Jong-un regime has called combating the virus a matter of national survival.
It has sealed off its borders and suspended foreign travel.
Last week, state media warned of the new variant of the coronavirus, urging citizens to be on maximum alert.
Nearly 12,000 people have been tested for COVID-19 in North Korea through December 17th, with tens of thousands have been quarantined, according to the World Health Organization.
Health experts and foreign officials are skeptical that North Korea is virus-free.
They have zero cases of COVID.
None.
Zero.
Where's North Korea located?
Like right next to China?
Nothing.
But they're saying zero.
Yeah.
I mean, obviously, Kim Jong-un, you got to believe, you know, if he says it, it's probably true.
I think if you're reading between the lines here, they have a huge problem with it, probably.
You know, if they're asking for it, they can't admit to anything.
And it's not like he's going to win humanitarian of the year anytime.
You don't think he'll win most admired?
Most admired.
Only in his country, in North Korea, North Korea.
But yeah, this thing touches every part of the globe, including Antarctica, by the way.
I guess people have tested positive up there.
Penguins.
And you can imagine how fast it would travel there.
They won't let any information out.
Now, they're going to have access.
The other interesting thing to watch is this Chinese version of the vaccine.
There's like two or three coming out of China that isn't tested to the level that the American vaccinations are.
And I'm sure they'll have plenty of access to that.
But no, I'm sure they have a huge problem with COVID in North Korea.
The lies and the misinformation that North Korea puts out there, even just about Kim Jong-un, I think there's rumors that he's never gone to the bathroom.
He doesn't need to use the bathroom or something like that.
Something crazy.
I mean, I'm wearing adult diapers over here.
This guy never even uses the freaking bathroom.
Although he does kind of look like he hasn't gone through the bathroom.
Exactly.
Yeah, exactly.
So it's believable.
Yeah.
So it's interesting.
What's the story with like when you lie, you got to remember all your lies.
Then you got to kind of keep up with the lies.
And then we've got zero infections, but like we really need some help over here.
It's kind of hard to keep.
Maybe Dennis Rodman will fly a humanitarian mission into North Korea with COVID vaccine for everybody.
Got a lot of this stuff because when you get into situations like this and you get caught like this, it's so embarrassing.
It's so embarrassing when you get caught like this.
By the way, China warns of retaliation for New York Stock Exchange delisting of companies, which was three companies, China Telecom, China Mobile, and China Unicom.
They said Saturday they would take necessary countermeasures in response to the New York Stock Exchange announcement that it will delist three major Chinese telecoms on the latest flare-up of tensions between Beijing and Washington.
The stock exchange said Thursday that it would delist China Telecom, China Mobile, and China Unicorn, Hong Kong LTD with trade of companies.
The move stems from an executive order President Trump issued November 12 bearing investments in publicly traded companies that the U.S. government says are owned or controlled by the Chinese military.
China opposes the Americans from abusing national security by listing Chinese companies into so-called communist China military companies lists and will take necessary countermeasures to resolutely safeguard the legitimate rights and interests of China companies, a spokesperson said.
However, however, what happened this morning?
Something changed.
Tell us.
Well, mission accomplished for them.
They were right.
The New York Stock Exchange just did an about face and they gave no explanation to it.
They said upon further consultation.
So clearly it worked.
This benefits China.
I don't know who made the decision, but wow, that's pretty scary.
There's going to be consequences.
And then we immediately bow down to them.
Unbelievable.
I think, you know, speaking of Trump and what was the list that he won?
Gallup.
Gallup, most admired.
You know, the problem that I have with people is not being able to see the positives, even if you don't like somebody, right?
So if you don't like Trump, there's still positive things that he has done.
If you don't like Biden, you think he's old and senile, there's still good that can come from it.
So it's not, you know, all negative or all positive.
And I think one of the great things that Trump has definitely done is made us very acutely aware of what the WTF is going on in China and the CCP.
And I know this was an executive order, and apparently the New York Stock Exchange can just reverse their decision that they were going to play ball.
But one thing that I will give Trump credit for is calling out everything that's going on in China, whether someone like the New York Stock Exchange will listen.
Whoa, whoa, Pat went down.
Yeah.
Go ahead.
Keep it up.
But clearly, the New York Stock Exchange sort of rebuked Trump's executive order or whether this was the Treasury Department's decision.
But I will give Trump credit on hot chocolate.
You give Trump credit.
So is that an endorsement for Trump?
What you have to do?
Yeah, yeah.
Trump 2024 is going to win 100%.
It's not even a thing.
But here, let me say this on your point here, Adam.
That'd be like saying, hey, this doctor has really bad bedside manner, but he cured cancer.
You know, so I guess he did one thing.
Okay.
Don't you think the problem with China is big enough that it maybe could have gotten Trump re-elected or should have?
I mean, the fact that he has handled China is not afraid to bow down to him.
And what the repercussions of four years of a president who will not do that, what that can mean to this country.
My point is, I think if you respect what Trump did in regards to China, I mean, that's a big deal.
I mean, that should have been something that maybe should have helped him get elected.
Well, obviously it was something that was on the forefront of his agenda, but if you ask the average American what their top three issues are, I guarantee you China is not in the top three for most Americans.
The economy, healthcare, COVID, what have you.
Maybe China.
It's a long term, though.
It will be long term.
Right.
I mean, this is something that we talk about.
I'm sitting there one day it's going to wake them up and they're going to be realizing the power of China.
By the way, yesterday, China calls Biden's administration a new window of hope for U.S. relations.
That's what they said.
Hey, by the way, did you see where the biggest parties on New Year's Eve were?
Maskless Wuhan.
Wuhan, right?
Wuha got you all in check.
I got that head.
I think I make y'all break your neck.
Wuha.
Yeah, that's pretty disgusting.
I mean, maskless parties in Wuhan while I'm masking, partying it up in South Beach.
Something's wrong.
Can I tell you a theory that I've heard in California regarding the hospitalizations and everything that everybody's acting like it's out of control?
This is from doctors, and this is people that know, is there are a lot of people in Southern California that don't have health insurance.
Okay.
So their first thing they're going to do, they're going to treat the hospital or the emergency room like they would their primary care physician.
So you're getting hospitals bombarded right now with people that aren't feeling well, thinking or might be having COVID or whatever, but it's being bombarded.
That's why these hospitals are full in Southern California.
It's because, you know, people.
Say that again.
What are they doing there?
The people that don't have health insurance, that maybe you would go to your primary care doctor if you have some symptoms or if you're not feeling well.
There's a high percentage of people that are treating the hospital like their primary care physician, which is overloading them.
You're saying they're just showing up in the emergency room.
Yeah, exactly, and filling them up.
So Janet Yellen, Janet Yellen, which, Adam, you're a big fan of Janet Yellen.
I think Janet Yellen is a credible source.
Right.
Biden team defends Yellen, making millions and speaking fees with big corporations.
Apparently, she got paid $7 million as a speaker from Wall Street firms and other corporations after leaving the Federal Reserve in 2018.
$7 million.
I think a million of it was from Citigroup alone that she gave, what, five or six or seven speeches.
Janet Yellen is among the preeminent economic policymakers in the world today since leaving the Fed after several decades in public service.
She has spoken at economic conferences, universities, and to business groups and financial institutions about her experiences, her experience and expertise.
Are the reason President-elect Joe Biden wanted her on the team working for him on behalf of the American people to help us build back better from this economic crisis?
A Biden transmission team spokesperson said in a statement, Yellen delivered a total of 50 speeches to companies, paying her $7 million.
Do you have a problem with that?
I have no problem with it.
None whatsoever.
And I will say this about Biden.
He has no benefit to put an idiot in that position.
She's not an idiot.
Exactly.
So he's not going to go out of his way to put someone stupid in there.
Number two, one of the things you said, Pat, decades worth of public service.
Go make some money.
If you've worked for the government in public service for a couple of years and people want to pay you to speak, go make $10 million, $20 million.
I don't care.
And I guarantee you, people on both, I guarantee you, Stephen Mnuchin is going to be doing this as soon as he leaves office.
He's going to be giving high, high-dollar speeches.
And who wouldn't do that, man?
That is the ultimate gravy train.
If a corporation is going to pay you to come in and do a speech because you have some expertise, go for it.
I got no problem.
Yeah, I appreciate your answer here.
You know who else does this?
Everyone.
Everyone who leaves office.
Like, you're no longer a government employee.
If someone says, hey, Jenna Yellen, I know you've been out of office or not the chairman of the Fed for the last three months.
How would you like to give a speech for a million bucks to Citigroup?
Okay.
Like, why would you not?
So I guarantee you Trump is going to do this.
I guarantee you Mnuchin's going to do this.
The Clintons obviously did this.
Barack Obama is doing it as we speak.
Yeah.
And Pat, you can vouch for this.
It's a hell of a lot easier than writing a book, right?
Go do a speech for an afternoon, fly first class, leave town.
You can use your money.
I mean, you write a book, you think, you know, no, when you, no, this is no problem.
But I have no problem with this taking place.
The problem is going to be the following.
Here's where the problem is going to be.
The problem is going to be city paid a million dollars.
If later on there comes a situation where city is being protected by yelling in any possible way, et cetera, et cetera, that's where there could be a little bit of a tricky situation.
But it doesn't bother me.
But it's out in the open.
It's like if something shitty happens, it's like you can follow the money.
It doesn't bother me.
Where I think, like, look, you know, this might sound a little, you know, one percenter, but it's $7 million.
It's not $700 million.
It's not a billion.
She made a couple million bucks.
Right.
I think we'd have a problem if it was $70,000.
You think, what?
She made $70,000?
We're like, oh, my God, they have her running the Fed and she can't draw more of a salary than that.
Yeah, I'm glad we're all on the same page.
No problem.
We have a couple comments I want to respond to here.
One of them said, for all the people in the comments section saying Trump won, can you just say 99% Trump lost soyboy gang jack maw wear?
Okay, so Dab's Life is on your side.
That's great.
We have a soyber community.
What do you think about Jack Maw's supposed absence from public?
Oh, we already talked about that.
Come back to the podcast.
It was at about hour and five minutes.
You'll be able to see it.
I agree with Vaz Blaz.
This guy gave $10 more Shea DC.
But I'm giving a 50% chance of Trump remaining for another four years.
We're going to see.
The next couple of days is going to be very interesting what happens.
TSA screened over 1.3 million passengers on Sunday.
Most since startup pandemic.
More than 3.3 million Americans were screened over the holiday weekend.
The Transportation Security Administration, TSA, you know, it was the biggest Sunday, you know, biggest travel day, 10 months, you know, standstill.
You know, it's a far cry from the 2.422 people that were screened a year ago.
But I tell you, 1.3, Kai, can you pull up the TSA, the numbers?
What do you think about this thing going to 1.327?
I mean, I think it's obviously a holiday season.
Are flights more full when you're traveling?
My flight here from Miami yesterday was packed to Dallas.
100%.
I mean, Tom flies every week or so, right?
So, like, you're – Yeah, I mean – You fly more than me.
The airport's dead, but Dallas is a popular route.
So I think you got a lot of people come here because it's a hub and then you're going anywhere else.
But the airports are dead.
And I'll just say that.
Dallas airport, LAX is dead.
You know, I think this is great.
The more the merrier.
I think this is saying that people are making decisions for themselves.
You know, the number of COVID cases are up, but I mean, that doesn't mean everybody has symptoms or is sick or is dying from it.
So, hey, at some point, we have to resume some sort of normalcy in this country.
The sooner, the better.
Kai, go to cases and death.
Go to cases and deaths to see what those numbers are looking like.
Well, I'll tell you what.
People were partying for New Year's like there was no pandemic going on whatsoever.
Man, it's so dead.
And actually, one of the places I was at in South Beach.
Shout out to Joya if you ever go down to South Beach, check this place out.
Outdoor venue, amazing.
You can pull up on your boat.
I said to the owner, my buddy Marco, I said, dude, everyone is here partying without a mask.
Like, everyone, what's up?
Because we were both in masks talking.
He goes, Yeah, they all had COVID throughout the summer.
Like, all of them.
They're all here partying now.
They're, you know, they all had COVID.
They all had COVID over the summer.
This is people in the families have already had it.
They already had it.
What do you call that?
Herd immunity.
Yeah.
It's called herd immunity.
And at first, when the herd immunity concept came out, what did everybody say?
Oh, my gosh, how dare you?
This is the.
But now people are buying into the concept of herd immunity.
You know, people say, oh, he's already had it.
Well, I don't know if they're thinking herd immunity.
I think they're just thinking, all right, I already had it.
I'm not going to get it again.
That's part of it.
It's eventually, you just have to know that eventually you could get it.
You know, if you're healthy, young, don't have asthma issues, you're going to be safe.
And the percentages right now on death is the lowest we've ever seen it.
So people are sitting around saying, okay, it's not as deadly as we thought it was going to be.
Well, I think, listen, and we don't need to go on a whole diatribe about COVID.
I think, you know, the game has changed.
When this started out in March and they didn't really know what was happening, and even Fauci was like, oh, you don't need to wear a face.
Flu cases, flu cases 2020, 2019.
Like, I think at first, like in any pandemic, people start to panic.
What do I do?
Am I down?
Am I going to die?
I think people, as we clearly know here in this office, you get it, and there's a 99.999% chance you're going to live.
You're going to be okay.
You're going to be all right.
You might have a sore throat.
You might lose some, you know, a couple weeks of work or what have you.
Right.
But this is information that we didn't know six months ago when people were freaking out.
So like when you hear something like in LA, they're shutting down outdoor dining.
You're like, what the freak is?
Oh, they're shutting down everything.
You know, it's big business for the media.
The media is in business to scare the shit out of people, and that's all they do.
I got so mad on New Year's.
The LA Times is the most piece of crap, worthless rag there is out there.
Before or after midnight.
No, this is before midnight.
Yeah, I know, Tom.
No, the LA Times is so disappointing.
Pat, you grew up reading the LA Times.
It was a great newspaper at one point.
Pat's thinking about buying the LA Times.
Since their new ownership is changing your pockets, I get alerts from the LA Times.
Here's on New Year's Eve.
Please don't go out tonight.
Stay home with champagne and the remote.
How to celebrate New Year's Eve with TV.
Who is the LA Times to tell me or anybody else on this planet what to do?
You just have to scarface right there.
I mean, seriously, who is the audio or the LA Times?
Me, the autonomy of them to not go out and party.
Here's my biggest problem.
They act like they care.
They don't give a fuck.
All right, so here's my question for you.
Did you stay in on that night?
There was no place to go.
So you didn't go.
So you listened to the New York Times.
I did it.
I'm talking out of both sides of your mouth.
That's hard to affront.
I'm not going to listen to New York Times, but let's stay in, Shonda.
Let's not do it.
No, no, no.
Believe me, I would have gone out if there was a place to go, but we did go over to some friends' house.
Hell yeah, we did.
Hell yeah, we went to our neighbor's house.
This story is very close to Kai's heart.
So I had to read this story because Washington Yoga Studio uses religious exemption to avoid coronavirus orders.
Gym and fitness centers are not allowed to open until January 11th under COVID-19 restrictions.
The Washington State Yoga Studio is declining to comply with state and local coronavirus pandemic rules, claiming it has religious exemptions.
Seattle's Hout Yoga, one of the city's highest-rated studios, is holding in-person classes despite Democratic governor Jay Inslee's recent extension of statewide restrictions.
Hot yoga founder Lee Zachariah told Newsweek she was not asserting sessions were religious gatherings, but said that she believes her work is essential and is saving people's lives.
However, religious centers may continue to function at 25% capacity or 200 people in King City with implementation of proper social distancing and face covering.
Creative or creative?
This reminds me of what you say all the time when we talk about gyms.
Like, what the hell are you talking about?
People need to exercise.
People need to sweat.
People need to be healthy.
So you're here.
You have Kai's favorite thing, hot yoga.
And, you know, they're using the religious exemption.
I got no problem with it.
Just social distance, six feet apart when you're doing your stretching and your downward dogs.
Go for it.
Number one, that would be my message to her.
Number two, be careful because that Washington governor does not play.
Have you seen that story where they trip?
Tommy Don't play.
No, they will personally go after you and try to destroy your life if they want to.
But look, it's going, we are getting very close for these small businesses to be at utter code red of desperation.
We're going to see some crazy stuff happening in the next few weeks and months.
And I don't blame these people.
They have been gutted.
They have been specifically targeted and told by governors in this country, we don't care about you.
We don't care what happens to you.
Make no money.
You're saying small businesses?
Yes.
Yes, I'm saying that.
And I'm saying gyms.
I'm saying restaurants.
It's so unfair what they're doing to them with no, none, no evidence whatsoever.
This might be a nice segue into what Barstool Sports is doing to Russia.
Yeah, exactly.
That's exactly what I was looking at.
Dave Portnoy raised $16.8 million for 59 small business owners and counting.
And he launched a fundraising effort with the nonprofit 30-day fund for small businesses impacted by COVID-19 called the Barstool Fund last week and contributed $500,000 of his own money towards the effort.
Do you have the video ready, Kai?
Or no?
If we have the video, just to kind of show what was said, it's great to see a guy like that just going out there supporting small businesses.
Go ahead.
Just play 30 seconds.
New York City just shut down indoor dining.
It's like, how do you expect these people to survive?
How are restaurants going to survive?
They're already on their last legs and you're pulling the plot.
Look at the shirt sweater he's wearing the government, or at least they're not doing anything acting like they care.
No plan, no relief, no bailout.
It's like, what's going to happen?
So I was renting and raving about it.
Marcus Limona's challenged.
He's like, why don't you put your money where your mouth is?
Well, I've spent the last couple days doing exactly that.
So we're going to donate half a million dollars and we've come up with a plan.
Is it the best plan?
No.
The best plan is the government getting off their ass and issuing relief, billions of dollars to these small business owners who are losing their livelihoods and have no recourse and no way to save it through no fault of their own.
Billions of dollars.
That's the solution.
That's the only solution, really.
But barring that, we're going to do what we can.
So the Barstool Fund, it is modeled around Frankie Borrelli.
You know, Frankie.
All right, Frankie, where are we at, Frankie?
My cameraman for the Pizzer Views.
Well, his dad owns Borelli's in Long Island.
The perfect example of the type of business we're trying to save.
Throughout this pandemic, I'm like, hey, Frankie, how's your dad doing?
How's Borrelli's doing?
Every month it gets a little bleaker.
Tell you what, this is 30 years old, single restaurant, and they have no indoor dining.
So not only that, but Mr. Borrelli, credit to him, who would never want to take a handout in his life, also is still paying his employees.
He's never shut off his payroll.
So it's like I'm going down with a ship.
So by the way, he kept calling people, FaceTiming them, surprising them.
Oh my gosh, awesome, man.
Awesome.
We need more people like this, man, for a fantastic job he did.
What do you think about what he did here with raising $16.9 million with 59 different business owners?
I think for the most part, people want to help.
I think people are looking for a way to help out.
And I think good job, Portnoy.
I think that's amazing.
You know, he's ticked off at CNN because CNN will not cover this story.
That Kai, if you pull up something from today, he's going on a rampage about the fact that mainstream media is ignoring basically what he's doing.
But I think it's phenomenal.
And hell, I think they could do a telethon and raise hundreds of millions.
Because I do think people, I want to help the people.
I want to do something that I can to support small businesses where I live.
I don't want them to go under.
It is unfair what's happening to them.
So good, good job.
Have you seen?
I mean, all on his Instagram, it's for his last 20 or so posts.
And I checked it, I don't know, a handful of days ago.
So I'm sure that's a good thing.
I love what this guy does.
He just randomly will FaceTime the owner of a bar, of a restaurant, wherever, all over the world.
Not sorry, all over the country, California, Indiana, Ohio, New York, Texas.
And he says, hey, and they like, we did this, obviously, with my attainment.
It reminded me of that.
And someone picks up, oh, damn, what's up, BBD?
Oh, damn.
You know, it's awesome when you see that genuine reaction.
Is he randomly picking them or are they asking for help?
Are they reaching out to him?
They give a video that says, Hey, Dave, like, hey, Barstool, I hope you see this.
Okay.
Here's what's going on.
And then they'll play that clip and then Dave responding, like, oh, damn, what's up?
Like, I think, you know, the reason we're calling it, like, it's awesome.
Yeah.
Something that we can, you know.
Kudos, man.
More powers to handle.
And do you know where he was the last week or so?
Partying in South Beach.
Was he really?
Yeah, yeah.
I ran it.
And you ran him too?
Yeah.
Same place.
Yeah, this place called Swan in South Beach.
Yeah, he was there.
Table, him, five girls.
That's it.
Him?
Five girls.
Yes, that's it.
There it is.
Yeah.
Straight up.
The guy.
Have you ever seen that?
But there were other people there.
Obviously, Tyga, the rapper, was there.
And shout out to the group, hospitality group that threw the party at Swan.
But yeah.
We have to live vicariously through Adam.
Yeah, we do.
What were you doing?
Drinking in a bar?
I was.
I was.
I was drinking at a bar, and I was.
That's the American way.
I had my mask on.
I would use a straw.
I would sip.
No, seriously.
No, I mean, I can actually see you going with a mask to a bar.
Did you really have a mask on at the bar?
You have to show up with a mask.
And then when you go in, like just at any restaurant.
Then if it falls out.
Look, most people that were partying out there, no mask, no, no, nothing, whatever.
A lot of it was outdoor.
That's a difference in Miami.
You go to South Florida, it's 70 and gorgeous right now in January, right?
Knock on wood, everybody.
But if you're in New York, like there's no outdoor diners on nothing.
So there's people flying down to get the good life in.
And he's one of them.
You got more people that are putting money here saying Joseph Coles, five bucks.
I'm at 99.9% Trump winning.
The only thing that will keep him out is them ignoring the fraud and voting Biden in despite the Republicans.
And then you have ESNS headquarters, 11208, John Golf Boulevard, Omaha, Nebraska.
Machine voting systems counts for 90% of our voting.
Who is John Galt?
Five bucks, Tate Roberts.
And then we had another person here who says, What do you think about Trump's lawyer, Lynn Wood, tweeting, Chief Justice Roberts is a pedophile and Epstein still alive?
It will be released January 6th in D.C. That's by GTR 8523.
And then Joe Gauss, go this.
I'm commissioning my company, public.
My company hires extra workers for more revenue, Starburst workers, high turnover.
How can I help?
Okay, cool.
There you go.
And then thoughts on protests tomorrow and today and tomorrow in DC.
Who's the person that wrote that?
The last one?
Yeah.
I have no clue who it is.
Thoughts on the protest today?
Oh, that's from Silly White Boy.
Silly White Boy.
Thoughts on the south white boy, that guy.
Today and tomorrow in D.C. My question for the guy who said 99%: are these people acting emotionally or logically?
99.9% that he's still going to win.
This is, I mean, is that emotion or logic?
99.9%.
Come on, man.
What is that?
99.9% there's going to be fireworks tomorrow because it all goes down, you know, but they have to validate the electoral.
Hasn't it already gone down?
No, tomorrow's a big day.
I'm not saying that anything.
It's tomorrow versus like everything.
The Electoral College has voted.
They've already done this.
Tomorrow they have to validate the vote of the Electoral College.
And then if you want to oppose it, you have the opportunity.
It's a joint session tomorrow.
The House and Senate are together.
Tomorrow's a big deal.
And there's hundreds of people that are going to already say, Republicans have already said that they're going to object to this.
So there will be fireworks.
And you know what?
And the fact is, they're mobilizing in D.C. already for riots.
Let me ask you, since we're on this topic, again, haven't been following the news the last couple of weeks, yada, yada.
He hasn't won any or very little of the court case.
I think he's like one for 50.
Yeah.
What?
Like, if he was like 10 for 20 or 10 for 50, all right.
But like 0 for 50, 1 for 50.
That's not a great sign.
What is that?
How are you still at 99% or 100%?
Like, that's what I'm grappling with.
Like, if there was, I want all the evidence to come out.
If there was legitimate fraud, get it out there.
No one wants an illegitimate situation going on here in America.
That would never happen.
That would never happen.
What?
That would never happen.
What would never happen?
All the legitimate fraud would never show up.
That'll never show up.
You think every fraud can be found?
Not every, but I'm saying in the court cases.
You don't think crimes get away, criminals get away with all the freaking time.
You don't think voter fraud can, voter fraud folks who worked on the inside can get away with voter fraud?
You don't think people who are controlled by district leaders where the district leaders are supporting them, you think they don't dictate the results of a criminal getting away with something?
You don't think when somebody all of a sudden who's a criminal did some crime, somebody can come and pardon them, but they're still a criminal?
You don't think these types of things happen?
Happens all the time.
So I don't think we're going to find out the truth.
There's no way in the world, 100% of the truth, you're not going to find out.
You know, it's not something we're going to find out.
Not today, not tomorrow.
I don't think it's going to happen.
I think maybe 30 years from now, some people are going to come out.
Maybe 10 years from now, some people are going to come out.
Just like for three years, everybody talked about Russia.
And then guess what?
Oh, it was a dossier paid for Hillary.
It's not really real.
Nothing really happened with Russia.
Okay, so let's talk about something else.
You know, so what's going on over here?
You know, so it's not going to happen.
You know, Trump has access to any type of information he wants from the intelligence agencies.
Something tells me that he always seems like he's biting his tongue.
Like he wants to say more, like he knows he has proof, this or that.
I could see a scenario where he gets out of office.
If he, you know, if this doesn't work out for him, he does a pay-per-view where he reveals everything he knows.
Could you imagine?
Everybody would pay for it.
It's very interesting that you have this opinion because I have the exact opposite opinion.
I think this guy says whatever he wants at any given time.
This is how I know for sure that there's never been aliens that we've caught in America.
Because that guy would be blabbing about all the secrets we've ever had.
Are you kidding me?
I feel like Trump thinks that I says it, well, maybe this, that.
I don't know.
I'm thinking like, Trump is exhibit A of why they're everything's out there.
He's also holding anything back.
I'm dreading the next four years with Biden.
I'm excited to not have to wake up and think about what did the president do today?
What did he tweet today?
What's the drama today?
I'm thinking, oh, Biden did nothing today?
Awesome.
Yeah, but wasn't it a nice thing for the last four years knowing there was no war?
There was no armed conflict going on overseas.
You know, there's something we said about a lot of armed conflict or wars under Obama, but, you know, Afghanistan was going on.
Yeah, that happened under Bush.
Well, it was started under Bush, but it was continued.
And it continued under Trump.
What do you mean?
No, Trump stopped it.
It's still going on, dude.
I mean, look.
I mean, look, whatever you say, I'm just going to say I love Trump.
No, not at all.
I'm saying I love the fact that we're not at war.
Who loves war?
I don't want war.
It's like, man, it's like your opinion, man.
Somebody asked a question about Iran.
You guys heard about Iran and uranium.
I want to get Pat's opinion on this.
So please talk about enriching uranium to 20% purity.
We got five more minutes on this here.
Tehran returns to pre-nuclear deal levels of uranium enrichment, the nuclear activity, which returns Iran to an enrichment level that it last reached before entering the international core dials up pressure on Washington across the red line set by European countries that remained committed to the agreement after the Trump administration withdrew from it in 2018.
The move threatens to complicate President-elect Joe Biden's plan to rejoin the deal that placed limits on Tehran's nuclear program, but which flaundered after the U.S. left it and re-imposed crippling economic sanctions on Tehran.
Mr. Biden has said the U.S. would join, rejoin the deal, as long as Iran complies with the terms.
The enrichment activity also raises tensions in the Middle East, which when the region is already on edge during the warning days of Trump administration, Iranian forces seize a South Korea flagship on Monday, according to a semi-official Iranian news agency, heightening tensions with the U.S. allied forces brought, boarded the vessel because it was creating unspecified pollution.
The Persian Gulf Agency said the vessel owner DM shipping of Busan, South Korea, didn't respond to calls.
What do you think what's going on right now with the soil?
I want to get your opinion.
More than Tom and I, this is something that I think right in your wheelhouse.
I know a couple episodes ago, you kind of enlightened us on what the pros and cons are.
Were a lot of cons on the Iran pay-for-play.
All right, stop, do this.
Just unpack it all.
Basic, Iran historically, anybody in Iran who, okay, so politically think about it this way.
I showed a chart, which I can't do it here, but I'll just show it to you this way.
Okay.
If there is a Republican president, okay, or Democratic president, the Democratic president, Republican leader, you have a Democratic president there, Republican leader.
So if the leader is Republican in Iran, okay, they fear them.
So the Shah, Republican, right, conservative, he fears a Carter.
Okay.
If the country is hardcore right now, where it's Hezbollah laws, you know, don't bother, don't do any of that stuff.
And they're not pro-America.
They're not Westerners.
They don't believe in the freedom of speech type of deal where the Shah wanted to give all these freedoms to people.
You don't need to put on your job.
You don't have to do all this stuff.
You're free.
Woman can do this.
Women don't have to marry at 13.
He wanted to increase the age.
You have more voice.
You have to do this.
Okay.
The left kind of didn't like that.
And then on the other side, if it's hardcore, hardcore controls, they don't like Republicans because Republicans want to give you more freedom.
They want people to have freedom of speech.
They want people to have freedoms.
But when it's hardcore, hardcore like this, they kind of like Democrats because they don't fear Democrats.
Because Democrats just want to say, listen, it's okay.
Let's just make it work.
It's not a big deal.
What can we give you for you not to be, you know, we'll make you happy?
So Biden, they're so happy about President-elect Joe Biden.
Iran, the current regime of Iran is so happy about Biden.
And when Biden comes back into power, comes into power, when this thing takes place, whatever the chances are everybody's talking about, 30%, 5%, 99.9%, 0%, when this thing happens and Biden's there, you know the deal is going to come up.
There's no question about it.
The deal is going to come up.
There's no question about it.
They're going to go out there to rebuild.
And even more than that, do you really think whether they have the money or not, do you think they're going to listen to anybody?
My biggest thing has always been accountability.
How do you hold those guys accountable?
They don't sit there and say, we're not going to do what you tell us to do.
We're going to do whatever we want to do.
That's their mentality.
You don't tell us what to do.
They'll take your money gladly and turn around and say, death upon America.
They don't look at America as a partner.
They look at America in a different way.
But in this situation here, this is their way of saying, we're already going back into it.
And if you don't give us the money, here's what we're going to do.
So it's a way of saying, hey, Biden, prepare yourself because you're about to have some hostage situation.
Exactly what it is.
So this 20% purity, and I'm no nuclear scientist, you know, breaking news here.
What does that mean?
What happens when it gets to 30%, 50%, 80%?
I think we can all have a nuclear scientist.
I decided to go into insurance after nuclear plants that we had all over Europe.
Bring us back to your roots, Pat.
When you were Iranian scientists.
Here's the percentage you have to worry about.
If Iran gets a nuclear weapon, there's a 100% chance they probably use it.
That's why you have to do whatever you can to make sure they don't get it.
But even if they do use it, does that not automatically mean that they are wiped off the planet?
Because Israel will use it on them.
The United States will use it on them.
Saudi Arabia will, you know, whatever they'll do.
So it's the same reason North Korea is not using it, right?
Like North Korea, you send a missile, you no longer exist.
So doesn't that, where does that factor into the hostage situation and they do what they want to do?
Hey, do you think Biden's going to get rid of all the sanctions on Iran?
Because they work.
When you put sanctions on Iran and you cut their economy off, you know, it works, especially when you get the whole world to participate.
I think there's a 70% chance he does.
30% chance that he does not.
Natalia M says Miami doesn't claim Adam.
Natalia.
I don't know nothing.
Natalia.
You don't know nothing, Natalia.
Message him on Instagram and tell him that to his face.
Yeah, right to my face, Natalia.
Natalia.
Okay, so this is episode number 35 coming to an end.
So Thursday, we're doing a podcast, right?
Thursday.
Will we have Thursday in the calendar?
Yes, do we do yes Thursday?
So we'll know about Georgia and we'll know about the Electoral College in Congress tomorrow.
It's going down on Thursday.
So Thursday's going to be a bad.
Oh, my God.
We should do a whole situation.
Oh, oh, oh.
Thursday's going to be crazy.
At least I know that.
One of the wrong gold.
That's the hot chocolate guys.
No, it's not hot chocolate.
But go ahead.
No, I was going to say, at least we know we're protected in here, right?
Isn't that one time you said there's like a secret stash somewhere around here?
Just in case.
Secret stash?
Now you're talking my language.
What do we got?
A secret stash or what?
Did you have a secret stash in Miami when you were there?
No comment.
You look good.
You really do.
Like you were out in the sun.
You got some sun.
You got some other stuff done.
Some work.
He was on the boat.
He was on the yacht.
He was kicking it with his Chris.
Had a good time.
Good to be.
I don't know.
I don't know if people know about this, but I think there's a rumor that we're going to have a nice time in the next few weeks, month, two years, three years, five years, ten years, 20 years, Florida.
But don't forget, this guy was having the time of his life also down there.
I've been in Florida so many times in the last month, just on one-day trips, just going back and forth, trying to see what's going on over there.
But yeah, we had a good time out there as well.
We had a good time out there.
That was nice.
Okay, so Thursday, we'll be back, episode number 35.
Final thoughts.
This is our first show since the new year.
Do we want to spend the last minute or so giving some final New Year's thoughts going?
You did a great at the house in Fort Lauderdale, I believe.
You gave a great segment about planning before the end of the year, and now the New Year is here.
Give us some final thoughts going into this.
I am very, very optimistic about 2021.
Extremely optimistic about 2021 on all levels.
I'm just very optimistic about it.
I think the Biden administration, if they take and it's done with, the one thing that even the Republicans don't have to worry a lot about is, I said this last night to a group of people that we were with.
I said, there's a difference between Kennedys and Trump's.
You don't tell Trump's and Kennedys what to do.
They tell you what to do.
So the people of power don't like Kennedy's and Trump.
There's two things you do with people like that.
You bring out as much dirt as possible so they don't get reelected, or you eliminate them.
Hence what happened with Kennedy.
Kennedy.
And that was on second term.
Because they were worried Kennedys were going to be presidents for 16 years.
First JFK.
No, no, no, no.
John F. Kennedy, eight years.
RFK, eight years.
That's what they were worried about.
They were eliminated 16 years.
Yeah, that's a scary thought for the Kennedys.
They would have been running their mindset into all of the country.
Trumps are very similar to Kennedys.
Then you have different types of Republicans that just come in.
They just want to check mark: hey, I made it to the top, which is what being a president, and I'm a them.
I made it to the top.
I became a president.
But they are not the kind that they impose fully their beliefs on everybody, but because Wall Street backed them up.
So you got the Obamas, the Clintons, the Bush.
So they backed them up.
Here, you're funded.
You're president.
Guys, just don't shake things up too much.
You'll get elected twice.
You know, your legacy is going to be cemented.
It's going to be all right.
But here's what we need you to do: no Elizabeth Warren, no Bernie Sanders, no AOC, no squad.
Guess what?
Wall Street chose the cabinet.
It's that simple.
And Biden's not somebody that's imposing any of his belief system.
Biden's just repeating what needs to be said for him to get elected.
So I don't think it's going to be as bad as some of the Republicans are going to think the next four years.
Tom, last thing.
How's your friend Joe Biden's ankle?
He probably broke the other one.
He just got two dogs, right?
It didn't get fixed.
That dude's fragile.
That's what happens at 78.
That's what happens at 78.
So having said that, gang, we'll see you again on Thursday in the next 48 hours.