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Adam Sosnick: https://bit.ly/2PqllTj
Kai Lode: https://bit.ly/31LKsGB
You can find the full video response from the Norwegian university here: https://youtu.be/Mi3JQa1ynDw
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So we're officially live for episode number 38, and we decided to bring Kai Loda.
Adam, can you tell us why Kai Loda?
Oh, my God.
Welcome to the podcast.
Kai is usually in the corner.
Now he's at the front seat.
He made it.
You were right here.
He's back there to the corner.
You know whose fault this is Harold.
Tell us who's fault.
There's a number one person.
Kai has beef with Will Farrell.
Yes.
They've been tweeting at each other.
What it will say?
What it will say.
They've been tweeting at each other.
Will and Kai.
Welcome to the show.
Kai Loda.
Thank you.
Happy to be here.
He's usually in the corner.
We got Mario there near the Joker.
But Kai and Will Farrell.
His mom called me and said, you never put Kai in the corner.
No baby.
No baby in the corner.
I said, okay, mom, we'll put him over here.
So he's at the front seat at the table.
He's here.
He's across from PBD.
He's stuck off because he has to defend.
He's angry.
He's defending Norway.
He's defending Norway.
Was it a G, the commercial?
Was it a GM commercial?
He took a shot at Norway.
Shout out Norway.
And Will Farrell.
He CC'd us, and he says, I have to make my defense.
Kai is here to defend Norway.
Are you ready?
Are you meant to be?
Yes.
Okay, so first of all, for those of you guys that don't know who Kai is, Kai is a guy that went from applying to want to be here.
I don't know.
You know, today actually marks three years ago since I sent the first email tomorrow.
Get out of here.
No.
So three years ago.
So you sent the first email.
Three years ago.
How much after the first email did we meet with you?
How much?
How long?
How much longer?
So I sent it in February, and I think it was September, October.
So nine months later, seven months later, you fly out to here to Dallas.
We do an interview, and then how much longer after that did you get the job?
Then that was September 28th.
And then I didn't start till early, like January, first week of June.
How old are you when you sent the email to Pat?
At the time, I was probably 19.
I was 20 when I just turned 20 when I flew out.
And then when I started, I mean, I was 22.
How old are you now?
22.
22.
Well, let me say this, Kai, because we're going to be on this today.
22 years old.
I promise, much like Ronald Reagan, not to use your age or inexperience against me.
Okay.
Okay.
So welcome to the show.
Respect.
Shout out to Ronald Reagan.
Yeah, shout out to Ronnie Raven.
That was impressive, right, which you did.
So anyway.
So Tom's gone and he turns into a conservative.
So you're now defending.
Shout out to my friend Tom Zenner.
Yes.
So let's get right into it.
Look, we got a lot of different things to talk about.
Some crazy things.
I'm going to show a stat.
Honestly, this is probably, you know, the article came out yesterday saying the fact that Bloomberg said that we're expecting a market crash.
This is a bubble, et cetera.
A lot of different factors.
And by the way, I don't like their factors.
Just so you know, that when I read it, you know which article I'm talking about.
I was not impressed by the factors that we're talking about.
Folks, I'm going to show you stat.
Adam, I'm going to show you a stat.
You're going to look at this.
You will be blown away.
No joke.
You're going to look at it.
You're going to be blown away on what's going to happen with the market.
So we'll talk about that.
Obviously, Super Bowl happened this weekend.
This guy named what's his name?
Terry?
Tomas?
Tomas.
Tomas.
Tom won a 17.
Be ready?
Yeah, Be Ready.
That's right.
No, what was the name there?
The GOAT.
Yeah, he won seven Super Bowls.
We're going to talk about how much the weekend got paid for the Super Bowl show, which weekend.
Adam's a big weekend guy.
And why Super Bowl drew higher ratings in the city of Boston than Tampa.
Not shocking.
Then the most offensive commercial that was done, okay, then Norway, obviously.
Then some stats about Tom Brady and Tom's actual day-to-day lifestyle.
And what was impressive, it wasn't his schedule.
What was impressive is what he ate and how he trained.
And we'll talk about that In companies that did commercials and advertised on Super Bowl the year Tom Brady went into 2001 Super Bowl, which is which is pretty intense.
And then we got DoorDash.
Obviously, Tesla buys one and a half billion dollars of Bitcoin.
Bitcoin people went crazy.
Everybody, the Bitcoin people wanted to say, I told you so.
You're it.
They just called that up.
It was like their day.
It was their day.
They were so excited to call out anybody and everybody that said Bitcoin's not real.
So Elon Musk Mayor, they made their day.
$15 minimum wage report came back from CBO study that's very interesting and not necessarily most favorable for the Biden administration.
Fox canceled Lou Dobbs.
The $1.9 trillion stimulus package.
Gavin Newsome, will he stay as a governor or not?
And a couple people that want to run up against him.
And one of them's pretty confident about it.
Mattress Max $3.5 million bet.
And then Uber driver of the week, which I think.
We got to talk about that.
Are you ready with that one?
Are you ready with that one with the Uber driver?
Okay, so why don't we do this?
Why don't we do this?
Why don't we do this?
If you want to prepare the Uber driver of the week, so Adam, you and I can remember this.
I don't necessarily know if Kai Kimberland.
I've never heard of him.
Okay, so you've never heard that voice before.
No, you've never heard this voice.
I know that it's been brought up here, but beyond that, you're ready.
The video, if you want to pull up the video.
So this Uber driver, okay, he's driving.
This is the lead story.
Is what we're going with?
We're going to open it up.
Okay, let's open it.
Here's a guy.
The Twitter one.
Go to Twitter, Brandon Baker, Brandy Baker.
Okay.
So she's going into this Uber driver, you know, guy.
And the next thing you know, she says, who are you?
And says, I'm the AOL sound.
You've got mail.
Says, no way.
He says, Yeah, so you remember this, Paul.
You remember this?
We're the same age category.
You've got mail, right?
And then this is what he sounds like.
He's now an Uber driver.
If you want to press play, this is my Uber driver, and he just told me something very special that he's the voice behind welcome.
You've got mail.
That's pretty crazy, right?
Do it again.
Do it again.
Welcome.
You've got mail.
Yay.
Okay, what's your name?
Elwood Edwards.
Elwood Edwards.
Here's what's crazy.
Actually, this tweet is from four years ago, but I just saw it myself.
If you want to press pause, so you hear a message like that.
You would think he'd be in a different situation.
But that comment, You've Got Mail.
How many people you think have listened to that?
I mean, this guy's this guy's voice is famous, right?
Yes.
So let me paint the picture here, please.
I asked Kai.
Kai's 22.
We're in our early 40s.
20-year-age guy.
You know, when you know, we'll use Tom Brady because we'll circle back to him.
Tom Brady was playing in his first Super Bowl when you were basically an infant.
You're an infant.
I was a junior in college.
You would probably just got out of the army, maybe.
What year was it?
2000?
2001?
Oh, I just got out of the army.
Okay, boom.
So here we go.
We're circling back.
Just to paint a picture for all the young bucks out there, between 19, I mean, I was late to the internet.
I remember asking a good buddy of mine, what's the difference between the internet and email?
I had no clue.
This was in 1995.
You still don't know.
I still struggling with it.
Boomer over here.
But between 95 and 98, like you talk about how social media is big, Instagram, you know, Snapchat, TikTok.
AOL Instant Messenger was like the cat's pajamas.
That's where it was going down.
Let's bring in Eddie's Eggs White.
So go ahead.
Let's get him over here.
Shout out to Eddie.
Shout out to Eddie.
But when you would log into AOL, that's the first sound you would hear.
Welcome.
You've got mail.
And you're like, damn, people know me.
People are excited.
I got mail.
I don't know what I'm about to see.
Back then, emails mattered more than today.
If you got an email back then, you were because there was no spam.
So if you got an email, you're like, oh, people are interested.
It was like, it was like getting like a birthday card in the mail, like an email.
It was exciting.
Today, you look at your email.
Paul, great, great addition right there, Paul.
Crushing it over here.
Yeah, Paul hit our throat.
Yeah.
Hit me up at his scarska4 at AOL.com.
Now you look at your email and like you and it's like, oh, I got to deal with his email.
It was exciting.
It was new.
It was fresh.
And that was the voice you would hear every time you logged on to AOL.
Pat, what are your memories from the AOL of the late 90s?
The chat, you know, the chat rooms.
You'd go into the chat room.
Oh, you were hitting chat rooms up.
I remember I was at my friend's house, Arten, and he says, you know, there's something called AOL chat.
I said, what's it?
So then there was Glendell AOL chat, Glendale High School AOL.
I mean, it was like very specific.
And, you know, you'd get in there, you start talking to folks, and you got people coming back.
Very interesting.
So the whole concept of Facebook Messenger, Instagram DM, was AOL chat.
Oh, you think about it, right?
And I can see you crushing it on AOL chat.
Oh, I was killing the game.
I got this thing going.
I got this thing.
I got you got mad.
Adam Sausnick, all county.
The other day, Adam brought a friend of his here.
I think, honestly, Mario, I thought about it that night when I went home after Yard House.
And we treated him on his birthday twice lunch just to remember you.
Double dope.
And cake and soy milk.
I mean, we did all of it.
I had the best day of my life.
So I realized when I went home why he brought shout out to Terrell.
Terrell, my man.
I realized why he brought his friend for his friend to tell us how special Adam is.
Yeah, he edified me.
That's smart.
That's smart.
But he doesn't have to do it himself.
By the way, so apparently, Adam was a this is no joke, by the way.
Adam was all-county receiver.
He let the county in receptions and he played with a quarterback that went to Columbia University.
He's now, I think, a district judge.
Yeah, big time.
Shout out to Roy.
Yeah, and Adam was a better football player than a basketball player, even though as basketball, he almost made it to NBA.
One cut away from getting into the NBA.
Our buddy Adam Saussi.
Yeah, get on.
Here we go.
This is.
And I know all the local security guards at Miami Beach when we go into the private islands.
Hey, how you doing, bro?
Al Bundy of Valetamin.
Yes.
He's the Al Bundy of Valutaine.
Scored four touchdowns.
Four touchdowns in a high school football game.
The Al Bundy of Valutament.
So back to AOL.
I mean, because that's what was going on in the late 90s.
Kai was being born, and we were macking it on the Glendale Instant Messenger.
So AOL.
Are you surprised, though, that he's driving an Uber now?
I'm like.
Well, think about it.
Think about it this way.
So you go on Fiverr and you ask a guy, hey, can you do this voiceover?
You pay him 50 bucks.
He has no clue what he's doing.
He's just doing a voiceover.
So he does a voiceover.
He has no clue that voiceover is going to be heard by billions of people.
He just knows he did a voiceover.
He probably just got paid $100 for that.
If you think about it, that's ridiculous.
If you think that guy should be an AOL millionaire, he's driving Uber.
That guy should be like the guy from Sprint.
Can you hear me now?
Good.
Can you hear me now?
I got beef with that guy.
What happened with that guy?
Oh, I got beef with that guy.
You're talking about the guy.
No, I'm just for record.
I'm an ATT guy.
The guy, is he with Verizon now?
He went to Verizon.
He went to Sprint to Verizon.
You're telling me for years, bro.
Number one, I'm an ATT guy, so I wasn't switching.
This guy's down there.
Where is he now?
He went from, didn't he go from Sprint to Verizon?
I thought it was Verizon to Sprint.
No, I don't think so.
Can we get a fact check on that, Mario's next?
He went from Verizon to Sprint.
Oh, okay.
So he went from Rising to Sprint.
He was Verizon.
That's what he was.
Can you hear me now?
Can you hear me now?
He's telling you, you know, Verizon, can you hear me now?
And now you want to roll up on me and try to sell me some Sprint.
Like, get out of here, bro.
Like, you're a fake guy.
You don't like that.
I got beef with that guy.
So he's the complete opposite of this Uber driver.
He probably got paid two, three times.
He got paid big time, and now he's selling out for the man to get a higher price.
I mean, the AOL guy for the record should have gotten paid.
It's sad to see him.
I'm going to dispute you because at the end of the day, he's a commercial actor.
Okay.
His job is to act.
Okay.
So he is not a founder of Verizon.
A spokesman.
He's a spoken.
That's like Jared Fogel.
Going with Quiznos.
That's like Jared Quiznos.
Hey, I'm with Quiznos guys.
Now, I know he's in jail.
He's doing some weird stuff.
But I think part of it is just how you sell it.
Again, if you're a good actor, you could sell it.
Paul, I'll meet you in the parking lot after the show, buddy.
You're crossing the line, Paul, right now.
What Adam.
By the way, let me ask you this.
Let me ask you this.
Who wanted that?
When you get a guy from Verizon to go to Sprint?
Did Sprint win?
Is it kind of like we are now better than Verizon?
Is that kind of like the idea?
I mean, Sprint got bought out by T-Mobile, so I don't know if Sprint even won in that.
Is he saying the same line?
Can you hear me now both places?
No, that was not right.
By the way, if you're watching this, I'm actually curious.
If you use ATNT, smash thumbs up.
If you use Verizon, smash thumbs down.
And if you use, what's the next word?
Anything else?
Anything else?
ATNT, thumbs up.
Verizon, thumbs down.
And then if it's anything else, just put whatever else you use.
T-Mobile.
Anything else you use, just comment it below.
You want to know what they're using as well?
I'm just curious to know what people are using.
I'm actually very curious to know.
You're ATNT.
I'm ATNT.
You're Verizon.
ATNT Paul.
T-Mobile.
T-Mobile.
I was Sprint, but they...
Paul, that makes sense why you're T-Mobile.
Paul's always like that.
Oh, no wonder you're defending the freaking Sprint guy.
I'm going to defend Sprint here.
Let's talk about Super Bowl.
Okay.
I was waiting because we're trying to see if California works so folks are waking up because we won an hour.
We're a little earlier today.
A little earlier than usual.
So right now, California time is what?
5.18, right?
So they're in bed waking up, you know.
Pat, why did you do this time?
Tom Brady's just waking up at 5.30.
Tom Brady's been awake.
He's ran six miles already.
He's in Eastern Times.
Yeah, so Brady in 2002 won his first of the seven Super Bowls.
George Bush was president.
Justin Timberlake was still the member of NSYNC.
And the Chiefs quarterback, Patrick Mahomes, was six years old.
Companies that advertised during Tom Brady's first Super Bowl.
AOL.
So that's why I went with this guy first.
AOL, then Blockbuster.
Think about Blockbuster did a Super Bowl commercial in 2002.
Radio Shack, Circuit City, Comp USA, Sears, Hot Jobs, Yahoo, VoiceStream Wireless, and Gateway Computers.
Is that not crazy?
How many of those companies are still relevant?
Well, first of all, relevant or around?
There's a big difference.
Both.
AOL is still around.
RadioShack is somewhat still around.
Blockbuster is around.
Sears is around.
You got Yahoo is around.
Gateway.
Yes, really four of them.
So Voice Streams Wireless, I looked it up.
They're actually what we know is T-Mobile today.
Okay.
They were spun off and then they were acquired and then they were purchased.
Gateway Computers and Comp USA were all bought by, were both bought by the same company, which is a computer component company.
You have Radio Shack was actually since 2017, it was basically done, but a General Wireless Operations bought the trademark and essentially the branding of it.
So they've been using it.
Guys, you're now witnessing what Kai brings to the table here.
This is RD right here.
This is research and development.
You're bringing some knowledge to the people guys.
We're getting too smart.
I was getting too smart right there.
I'm just saying.
This is what he's bringing to the table here.
And then Gateway Computers was acquired by Acer, which is another computer company.
And if you look at it.
Do you remember a Gateway Computer?
Do you remember Gateway Computer?
I remember the name.
Do you remember?
That was my first laptop.
I actually remember Gateway Computer.
Really?
Yeah, I thought, you went into the store, you saw Gateway, you're going to be like, Bill Gates, are you kidding me?
Like, this thing could actually happen.
Was Gateway Microsoft?
What do you mean?
Wasn't Gateway.
No, Bill Gates came out with a computer himself back in that time.
Really?
I thought so.
from microsoft i thought it was uh they never came out with a computer pc Okay, so all I'm thinking of in those days was like, dude, you're getting a Dell.
That was the coolest guy in the world.
I didn't think about Dell.
I thought about Gateway came out.
I thought Gateway could have some legs.
Yeah.
So here you go.
AOL, Blockbuster, Radio Shack, Circuit City, Comp USA, Sears, Hot Jobs, Yahoo, Voice Stream Wireless, Gateway Computers.
You were going to say something.
I know we're going to go deep into this topic right here, but this is very reminiscent of the episode you just did on how to stay relevant.
And very quickly, things can change if you don't compete in the marketplace.
So I'm just teeing that one up for you on the segment you see.
Yeah, I mean, you got to realize the hardest part to do that in is companies.
Like, think about a company that was relevant in the 50s, 60s, 70s, 80s, 90s, 2000s, 2010, 2020.
Think about companies.
It's not that many of them.
This is like the whole statistic you read about: that 70% of companies and the Fortune 500 from 1950 are no longer around.
70%, because the number one reason why they're not around is what?
High level of competition, new level of innovation.
Old school gets comfortable, casual.
They think they're going to be big and powerful forever.
Somebody new comes and takes them out.
If eight out of these 10 companies are tech companies, and especially considering this is 2000, so this is right after the dot-com bubble.
And do you think there's more competition there than other companies as Sears?
You mean tech?
You mean in the town?
Yeah.
I'm sure.
It's not even that there's more competition.
I don't think that one industry lacks competition more than others.
Although some industries do.
Like if you think about Pepsi versus Coca-Cola, if you think about Pepsi and Coke, two guys got the entire market.
And every time you come out and you have some kind of momentum, they buy you out.
Here's a billion.
Get out.
They buy them out, right?
Okay, so duopoly.
But I think what the difference is between technology and all the other industries, technology changes faster.
So if anything changes faster, you can go from one moment being a hero to the next moment you're relevant.
Thank you.
And no one even knows who you are.
So that's the difference between technology and the rest of the guys.
But let's continue with the whole Super Bowl thing.
The weekend performs.
And everybody's this entire time.
Did you guys think artists got paid for doing a halftime Super Bowl?
Yeah.
I thought they did.
Did you?
Paul, did you?
I thought they made like a mill.
I thought they made some kind of money.
So apparently, every performer that performs during Super Bowl halftime show never gets paid.
Beyonce, Bruno Mars, can't pay.
They get scale, Pat.
I mean, scale is like not that much money, though.
You're not talking about like a million bucks or 10 million bucks.
Can you check to see if Michael Jackson got paid for a halftime show?
Because if Michael Jackson didn't get paid, he was like the king, right?
What year was he doing the Super Bowl?
Long time ago.
1990.
Yeah, that was a while back when he did it.
So Beyonce to Bruno Mars have essentially worked for free.
Despite selling out stadiums on World Tours, most halftime A-listers are reportedly paid union scale, which is a fraction of a six or seven-figure sums.
They take on the reg, according to Forbes.
It's usually worth the underpaid label for these stars since they could get as many as 104 million set of eyeballs on them at no cost to them.
It usually ends up to a big spike in sales.
For example, last year's halftime performers, J-Lo and Shikiro collectively sold 21,000 song downloads, an increase of 893%.
Abel, weekend, spent almost $7 million of his own money beyond the already generous budget to make his halftime show be what he envisioned.
$7 million, a rep for the star told the post.
So what are your thoughts?
Good idea, not getting paid?
They should get paid.
What'd you find?
First of all, who's that?
Michael Jackson.
He asked for a million dollars, a seeming bargain, but the NFL did not pay its halftime performers, a policy that remains.
Wow.
Good for the NFL.
Good for the NFL and good for Michael Jackson, but good for the NFL for not paying a million bucks and they took a stand.
Yeah, that's eyeballs you got there.
Thoughts.
Yeah, I mean, the last sentence you said, Abel, which is the weekend's real name, spent $7 million of his own money beyond the already generous budgets that they make for the halftime show.
So, what I would do is I would insert the word invested $7 million of his own money rather than spent.
Because it's all about ROI.
And I'll give a case example.
Pat, Patrick Bett David, host of the Bet David podcast show.
Did you know who The Weekend was before the Super Bowl?
No clue.
You had no clue who he was.
I knew two of his songs.
There's my point.
You, when I first moved to Dallas, this was a level below Michael Jackson with no dance.
I said he can sing like Michael Jackson.
He's got the moves, but he doesn't have the moves like Michael Jackson.
But the point is, you did not know who The Weekend was.
No.
But you were playing his hit song, Blinding Lights, on repeat over a month and over and over again.
And Pat said, I have no clue who the weekend was.
But what I did know is the fact that he was the guy that did a face surgery, which was all fake.
It was all the publicity stuff leading into this.
Of course.
Brilliant move, by the way.
And he had all the bandaged people dancing around like they were zombies in through reminiscent of some Michael Jackson stuff.
But even Pat, who was listening to Blinding Lights, literally on repeat.
Like, I remember playing ping pong and the song would just be.
There's no question.
Boom, boom, boom.
Still had no clue who the weekend was, even though you listened to his song.
So it just shows you can have a hit song and nobody knows who you are.
Pat, do you know who the weekend is now?
No question about it.
You know exactly who he is.
I got to tell you, man, in my opinion, some people are like, oh, he sucked.
You know, his performance was in this.
I thought it was amazing.
I was literally entertained.
Yes.
And you could hear his voice.
Because, you know, sometimes in these types of things, A.V.'s off.
The sound is not really good.
You're singing.
We're like, yeah, I can't really hear you sing that.
Well, I thought he crushed it.
I thought the setting was amazing.
I thought the set was amazing.
I thought the performance was amazing.
When they walked on the field at the end as a player, I was a little bit ticked off.
I'm like, listen, man, if you create one little, you know, Divot where I can trip over, you know, and the guy, instead of getting a first down, you get a bunch of people.
Well, that's probably why Kansas City Chiefs got crushed.
It was all the way to the zone.
But I thought he was amazing.
So you're saying the investment of $7 million of his own money was a good idea.
I'm saying listen.
That's a lot of money right now.
I'm saying whether, number one, not getting paid, completely understandable now.
Look at the eyeballs.
It's free marketing.
It's publicity.
It's everything that you're doing.
I mean, this thing says 21,000 song downloads.
That means you made $21,000.
Okay.
21,000 song downloads means what?
7 million, yeah.
Not sure.
Paul, what does 21,000 song downloads mean at 99 cents?
Oh, that's one song.
I can't do math.
That's ass.
Okay, so listen.
Now you're talking about the weekend who maybe, you know, let's say 50 million people knew who he was.
I'm just making an example.
Now, 250 million people know who was.
Not that big of a number.
I'm not just saying it's 75 million.
I have a question, though.
Stage-wise, what is a bigger place to perform as an artist than like, say, Super Bowl?
I mean, there's only been 47 Super Bowl performers.
That's the number one place to perform.
You really want to know?
Here's what it is: World Cup finals.
Okay.
World Cup finals.
But is it the same level of.
And they don't even do entertainment last year.
No, they don't have.
They don't have it.
Because it's short and or boom.
They go.
If you had a chance.
So I would say probably.
It's the biggest show.
It is the biggest show.
Is it bigger than Olympics opening?
There's nothing bigger than the Super Bowl.
There's nothing bigger than the Super Bowl halftime.
And the Olympics half of the day.
That's why Roger Gordell makes $40 million a year and got a private jet and health insurance for the rest of his life.
It's a legitimate worldwide audience.
So you're saying the $7 million was worth weekend spending the $7 million?
Absolutely.
Do you think he set the tone for everybody else in the future to also spend a part of their money?
Or no?
You think this is just like a worldwide?
Again, I'm using the word investing, not spending.
This is an investment in your career, 7 million more.
Notoriety.
Beyonce didn't need to do that.
She was already a world.
Everyone knew Beyonce.
She didn't need to do it.
So weekend.
He's not a Beyoncé yet.
No, no, Bat.
He's probably.
Put it this way, Pat.
You didn't even know who the weekend was.
You definitely know who he is now.
Probably your whole family knows who he is.
If the weekend goes into a concert here in Miami, you might not even take your family.
Oh, I know the weekend.
Now he's making money on the bottom of the middle.
Mario said he doesn't listen to the weekend Monday through Friday.
That's true.
That was a joke.
That was a Mario joke.
Oh, that's guys.
Mario's stand-up action.
Listen, I would tell you, any comedians in Florida hang out with Mario for one night, you will at least get 10 jokes from Mario.
Yes or no?
You may have the audience walk out, but you will get 10 jokes from Mario.
Okay.
All right, so you're saying it was worth the $7 million.
Kai, what are your thoughts on this?
So I'd just be curious about what he spent compared to other people, other halftime performers, and if the budget is lower this year than it is other years, given that there's with the audience, less people watching ads.
I mean, we've talked about ads pulling out.
So maybe there's a lower budget and then he made up for it.
That would be something I'd be curious about.
What is the qualification?
Who votes for it?
I wonder, like, who says this year we're using the weekend?
Like, how do you campaign for that?
Is it the NFL?
But I wonder, is it a campaign or is it a, hey, weekend, you got the spot.
It's you.
Like, how does, you know, how you lobby to say we want the Olympics to be in such and such country?
How is there, is there a form of lobbying for it?
I'm sure there might be slight lobbying.
You know, agents are always, that's their job, but it would be a similar process to, you know, kind of how we choose.
Do you think a part of the $7 million is the money he paid to the NFL to be the halftime show guy?
Like, do you think, you know what I'm saying?
It might be.
You understand what I'm saying?
No, I see where you're going with this, where it's like, hey, NFL, I'll give you $3 million.
Let me do the halftime.
And NFL's like, okay, we'll take another $3 million.
I don't think the NFL needs $3 million.
Okay.
But, I mean, to put it in perspective, I see where you're going here sort of with the conspiracy theory on the weekend here.
I mean, let's look at the – it's not that serious.
But let's look at past performers.
I don't know.
Correct me if I'm wrong, Paul.
Has there ever just been one singular performer just not named Michael Jackson and just performs by himself?
Like, think about it.
Shakir and J-Lo performed together.
You had Maroon 5, a whole group.
They brought on the Rolling Stones.
Very good.
You had Justin Timber.
She sang the national anthem.
I don't think she was the performer.
You had Justin Timberlake with Janet Jackson.
He ripped off the titty.
That was a famous thing.
Respect to that.
But just the, even Bruno Mars had his whole crew vibe, the Bruno Mars cast or whatever, all-stars.
Just the weekend?
One dude?
Yeah.
I mean, I'm sold.
Listen, I'm with you.
Good for him.
Conspiracy theory.
Good for him.
So there may have been something going on.
Prince 2007.
By himself.
Yeah.
But Prince is Prince.
Beyonce, 2013.
That's another Mount Rushmore.
New Kids on the Block, 1991.
That's not.
NKOT.
He'd be hanging tough.
Wait, New Kids on the Block, 1991?
Yeah.
That's huge.
Black Eyed Keys, 2011.
Okay.
But you had Fergie of Will I Am.
You got the other two Yahoos.
I mean, that's a whole group.
You got the Florida AM band, 1971.
Fam you?
Fam you?
Respect to Fam You if you're a Famu.
Diana Ross.
Rattlers.
Respect.
Okay, there you go.
Diana Ross, 1996.
You two, 2002.
Okay, you're talking Beyonce.
You're talking Beyonce is the modern day Diana Ross.
I mean, people forget, like, she was the Beyoncé of the 70s, I want to say.
60s.
Okay.
But the weekend just went from, yeah, I kind of know that guy.
He's pretty big to, you know, Mount Rushmore music status.
Super Bowl drew higher TV ratings in Boston and Tampa.
Plenty of Patriots fans still love to watch Tom Brady.
According to our end, I don't know what you have over there.
Boston generated a rating of 57.6, which means 57.6% of all the TVs in the market were turned to the game in Boston.
In Tampa, that number was 52.3.
There's only one TV I care about.
What's that?
Bill Belichick.
Just care if Bill Belichick's TV was turned on.
The 57.6 rating in Boston surpasses the rating generated there for all but one of Patriots' Super Bowl appearances, which is quite frankly an amazing outcome.
So Boston, even though they lost Brady, they still love the guy.
Of course.
And even Patriots send a tweet afterwards giving him love when he won, which was a classy move done by Peyton.
I'm almost certain that was Bill Belichick because he's a big tweeter.
I can almost see that happening.
So what do you think about this?
So I have a theory about this.
I think part of the reason is that when a team is winning, when you create a dynasty, there's more followers.
A lot of casual fans don't care about sports unless you're winning.
I can see that.
And Tampa, I don't know when they won the Super Bowl last, but it's been a long time.
Warren Samson's a long time ago.
That's a long time ago.
2002?
Yeah, 2003.
And I mean, with the Patriots, they've been in what, nine Super Bowls since 2002.
So obviously you have a lot of casual fans that then start jumping on the bandwagon, so to speak.
And I think now that even though he's left, they're still football fans in general.
And then also, obviously, that he was basically born and bred in Boston.
I mean, you have 19 years versus one year of a track record, right?
So you have 19 years of rooting for Brady versus in a COVID-plued season, somehow the GOAT ends up in the Super Bowl.
And you're a casual Tampa Bay fan and you might watch a Super Bowl.
But let's not forget the level of sports fans.
And we'll use a story from this past weekend.
You go to Green Bay, for example.
What are you doing on the weekend?
You're watching the Packers play straight up.
I mean, you're in New England in the middle of winter.
You're watching Tom Brady play.
We walked into a sports bar in Miami this weekend, and it was pretty funny.
And it was Pat, I, his kids, you guys showed up.
And, you know, we were getting lunch.
We were hungry.
It was a packed shout out to my boy Rudy, who runs Top 42, Alex Rudolph down in Miami.
Free commercial.
Free commercial for the Tap 42 crowd.
Go get the hot plates there.
But the point is, the place is packed.
People are celebrating birthdays.
It's a level up on Yardhouse.
And Pat goes, I go, I asked the waitress, I go, this place is pretty packed today.
And she's like, yeah, you know, our bottomless brunch.
And Pat goes, but don't forget, you know, University of Miami is playing V-Tech in basketball.
I go, Pat, dude, there's nobody here watching a random college basketball game in Miami.
He's like, really?
That's not why people are here?
I go, no.
And we're in Miami.
Yeah, we're in Miami.
Miami is playing Virginia Tech.
Tied 72 to 73.
Yeah, it's going into like double overtime.
They should be.
I go, Pat.
It's not Bama football.
And I looked around.
Literally, nobody watching on screen.
I said, Pat, we're in Miami.
There's nightclubs.
You can go jet skiing.
You can go anywhere you want.
You can do field trips.
You can go to the beach.
Nobody's sitting around watching a random college.
You can directly take a shot at the folks in Boston.
Dude.
What was that movie?
I don't know what movie it was.
If it was Ben Affleck, if it was Goodwill Hunting, where Ben Affleck tells what's his name, and he says, man, I'm so sick of the women in Boston.
I got to leave this place.
I think there is a line there somewhere.
I don't know where it was.
And he wanted to leave.
So yesterday I was talking to Nicholas Ingram, who's a sniper, and he has 33 confirmed kills.
Irving, Irving.
I'm sorry, Nicholas Irving, who has 33 confirmed kills is what he has.
In a span of like 90 days or 100 days.
Pretty intense, all in Afghanistan.
Four months.
Yeah, three or four months.
And I said, what city are you?
And he says, San Antonio.
I said, how do you feel about San Antonio?
He says, I can't stand it.
I said, neither does Charles Barkley.
You know, Charles Barkley always takes shots at San Antonio.
Today, New England, I just want you to know: Adam Sawsnake, Adam A-D-A-M Saw Snake.
If you want to make sure you send him a message, the fact that he took a shot at Boston, you can reach him.
Saw talks money.
Sauce talks money.
Listen, you know, if you want him smart and pale, go to Boston.
If you want him dumb and tan, come on down to Miami.
So, I'd like something maybe in the middle.
So, there we go.
I took a shot at both cities.
All right.
Even though I love myself.
Okay, so let's go to Norway.
Let's go to Norway.
Let's go to Norway.
Speaking of smart and pale, let's go to Norway.
Let's go to Norway.
So, Norway, Norway, Will Farrell comes out.
We can't show it, but if you saw it, you know, we can't show the Norway, the GM commercial.
And he punches the, what do you call it?
Can we actually show the commercial or no?
Mario, I don't know if we can show the commercial or not.
If we can, I don't want to show it.
No, no, no, then we don't show it.
A homeless-looking Will Farrell, by the way.
So he punched it.
He's straggly looking.
Picked off because Norway is now the leading country in the world for electrical vehicles.
So go ahead.
I'll turn it over to you here.
What happens next?
So this commercial actually came on early in the Super Bowl, too.
It was first quarter, so it was early.
It was early.
I don't know if it was first or second, but it was early.
It was early.
So the commercial came on, and then yesterday, my uncle actually sent me a video where there's a Norwegian university that responded to the commercial.
It's like a dig at the commercial.
And Will Farrell specifically.
And I want us to watch that.
Mario, if you want to get it prepared.
Mario's sitting over there in the corner just enjoying the show, which is good.
University.
Yep.
Yep.
Full screen.
Damn it.
Holy mackerel.
Olaf.
Ulaf.
This just are right for you.
It smells like fishing.
I don't care.
The Americans are coming, and Will Farrell does not look happy.
What do we do?
We have to make a public apology and we have to get rid of anything else that might make Will envy us in any way.
If he gets so annoyed about our electric vehicles, I can't imagine how we react to all the other stuff.
All right.
Action.
Dear Mr. Farrell, dear General Motors, on behalf of our university and the rest of Norway, we are truly sorry.
We want to maintain a strong and sound relationship with the United States.
And of course, we shouldn't have become the leading country in the world when it comes to electrical vehicles without checking with you first.
And we fully understand that you want to punch us in the face.
But our collaboration with you is of utmost importance.
Our student exchange, for instance.
And pay tuition.
Again, I pay tuition?
One more time.
I pay tuition.
Good.
But I don't pay tuition.
Education in Norway is free, even for us Americans.
Well, I know that, but Will Farrell does not have to know.
We also hope that we can continue our extensive research collaboration with many American universities.
We collaborate, for instance, with the United States.
She's actually the president.
Yeah, yeah.
Good afternoon, Rector.
I was hoping I could talk to you about our battery research.
You know that project that uses clean, renewable hydropower to recycle and reuse batteries from electric vehicles?
Okay, but we'll have to talk about this later.
This is really not a good time.
What we're trying to say is that if you want the opening of the battery factory then What we're trying to say is that if you want to become the number one country in the world when it comes to electrical vehicles, we won't stand in your way.
We'll even help you and co-create the knowledge you need.
Excuse me.
Hello?
Hi, Rector.
I just wanted to say goodbye, and I'll see you next year.
I'm off for my one-year paid maternity leave.
Sorry about that.
Not sorry.
Wow.
I'm on maternity leave and she goes skiing.
Sorry.
Wow.
Straight up.
Good for them.
And the crazy thing is, this is a 2,000 subscriber channel.
In a day, it has 200,000 views.
I mean, people are going to.
But the point is, Norway got a big shout out, and everybody's curious to know what Norway's really doing.
Yeah, no.
Okay, so Norway clap back.
Yes.
Who is that lady exactly?
She is president or like a duke of the university.
Okay, of a university.
For a second, I thought it was like the president of Norway.
No, no, no.
But let's not talk, let's not forget the underlying themes there that they're.
They're very political.
They are taking shots at America.
They are taking shots at capitalism.
They are taking shots at our entire economic system.
So I think Norway, is Norway capitalism, socialism?
That message just sponsored socialism.
So Norway has a socialistic state, but it has a capitalistic market.
So you have the free market, but then the state kind of comes in and takes over.
So you have, for maternity leave.
Like a nicer version of China.
A highly functioning, democratic.
Sure.
And the thing is, but obviously, Norway has the money and the oil money to support it.
And they have.
Can you unpack that?
What that means, what you just said?
So Norway is a smaller country.
You have 5.5 million people, I think.
You have a population where most people are obviously working.
You're kind of just working and taking care of it.
So you're paying in, and then you're getting back from the state.
Norway also is a big oil company.
Norway could technically be like a Saudi Arabia or a country.
This is what's crazy, the fact that they have that.
However, early on, as soon as they started, they said basically we're going to put this on a fund and save it for future generations.
So they haven't tapped into it.
This year, I think was like the first year because of COVID, they actually tapped into it since the existence of the fund.
So here you have a company or a country that's saving up and storing the money for later purposes, but then they're also taxing people a lot or and making sure that you're paying for the goods of the state.
What is the taxes over there?
High low?
So I think it's 30, 40% is a pretty typical tax.
I think I paid 25% or 28% when I was making 30, 40 grand or so.
So you paid less than 30% when you're making 30, 40 grand.
I think so.
And the top line, what's the top line?
Does it go above 50 or no?
That I'm not sure.
Okay, I'd be curious to know.
The highest tax rate in Norway, if you want to look at that.
Yeah, the highest tax rate in Norway.
But is there marginal tax brackets?
How does that work in Norway?
I think it's marginal, yeah.
I'm not too familiar with it because I didn't work there too much.
Okay.
But I think.
Right, he was 17.
He left Norway.
38.4, but wait a minute.
Sweden's top percentage.
I see 57%.
But that's Sweden.
That's Sweden.
Well, what's the difference?
38.4 is the high.
Does that sound about right, or is there higher than 38.4?
I think that sounds about right.
Okay.
I mean, 38.4 to be high, to be honest with you.
You know what this says to you?
There's got to be something higher.
No, no, let me tell you what this say to you.
Okay.
What does this say to you?
Well, it says that our taxes are damn too high.
Which means what?
Which means we're overpaying.
And it's irresponsible people that have no clue what to do with our money because we have California that pays 60%.
Crazy.
60%.
This number can't be right.
This number can't be.
There's one tax that's not included here, which is the value-added tax.
Norway has a value-added tax.
Everything you buy has a 25% value-added tax, which obviously when you're paying and you're buying makes it quite expensive.
And Kai said something that it shouldn't be thrown under the rug, but Norway saves.
You know, the Americans, we don't save.
Norway's money.
Save that money is what you're saying.
Save that money.
You know, if that's something I can get behind.
But guys, I'm actually being very, very, if that is the real number, okay?
Could you get behind 38% top line?
Okay.
I'm not buying that, though.
We got to check our stats here.
I'm thinking the top line has to be at least 50%.
In a socialist country or whatever, however you want to.
They're probably close.
They're probably close to the class.
No, that's right.
That's what it says.
I'm on a different.
So it says Denmark is 45.
Sweden is also close to 45.
You know, then it says tax.
Okay, that's if it's if that's the real number, U.S. moving to Sweden.
Yeah, moving to Norway.
It's not even that.
U.S. is still the greatest country in the world, but the folks who are getting, it's like, think about it this way.
You have a money manager, okay?
And say, let's just say you have a million bucks with a money manager.
You give it to Bobby, who's your money manager at Morgan Stanley-Deanwood.
You stay with him for a year, two years, three years, four years, five years.
Okay?
Five years later, your million is 980.
Your brother had a million dollars at the same time you put with Bobby, he put with Mary at Merrill Lynch, hypothetically, Bank of America, right?
His million dollars five years later is $1.9 million.
What are you questioning?
You're at $980,000.
He's at $1.9 million.
Honestly, what are you thinking about?
What's the first question you would say, Paul, if that happened to you?
You and your brother have a million bucks at the same time.
You give your money to Morgan Stanley with Bobby.
Five years later, your million is $980,000.
He manages it.
You give him the discretionary.
And your brother at Merrill, B of A, your million is $1.9 million.
What are you asking?
What are your questions?
I've got a lot of questions.
Ask the question.
A, where am I invested?
So what are your fees?
What are you calling this guy?
You're on the phone with Bobby.
What are you asking, Bobby?
I'll say the market's up 10% for the last X amount of years.
How am I down?
A, what's my allocation strategy?
Am I in stocks?
Am I in bonds?
Where am I at here?
Hey, Adam, you got to trust me because the strategy I'm taking right now is this, and here's what's going on.
Even though right now, I feel like the next two years.
Where's the money going?
Yeah, the money's going right now to small cap, and small cap's taking a hit.
And we invested heavily into oil.
And the last three years haven't been the best for oil and real estate.
So what do you ask?
Let's talk fees for a second.
I mean, what's your AOM?
Are you 1%?
I mean, I assume I know that up front, right?
Yeah, so our AOM is a little bit, as Morgan Stanley Dean would, rather than paying 1%.
It's about 1.5% here with us because you are with Morgan Stanley Dean with the topic.
So what do you say?
That's how I look at this.
So the point I'm trying to make to you guys is we all essentially a part of your money manager that we all have is the U.S. government.
U.S. government is your individual, everybody listening to this that's in America.
It is everybody's money manager, the U.S. government.
Every time you make $100,000 and you pay your $30,000 in taxes, $35,000 in taxes, whatever that number is, that's $35,000.
Over 10 years, it's what?
$350,000.
What's the right question to ask?
What did you do with my $350?
You have $350,000, and I'm not even a million.
I'm only making $100,000.
I'm paying $30,000.
Let's just say that person is, I'm only making $100,000, 35%.
Over 10 years, I've paid you $350,000.
Show it to me.
Where's it at?
Show it to me.
Infrastructure, healthcare, Social Security, Medicare.
What do you need?
The 44% that we have right now top line.
$346 is the highest.
U.S.
And that's not even that number.
In Norway.
Okay, but here, it's $40.
39.
Say 40% and then at state.
Another five.
You're looking at $13, huh?
California is what, $13?
Dude, if you look at California's number, you're looking at 60% nearly.
55 to 60%.
So you're making over what?
$400,000.
$400,000 is not a lot of money.
If you put $400,000, if you put $100,000 and I'm paying whatever I'm paying for, where is it?
What are we doing with it?
Okay.
So if right now there was a level of accountability to say, what'd you do with my money?
How would you find that out?
How would you track it?
Like, hey, let's do a stimulus package, right?
Let's just get right into it since we're already getting into that topic.
$1.9 trillion stimulus, okay?
Fine.
Where's this $1.9 trillion of stimulus that they want to force to pass without the approval?
By the way, unemployment right now, you know what unemployment is right now?
Type up unemployment right now.
Do you have a 7%?
What's 7%?
Is that where it is right now?
It's at 7%.
Is 7% the end of the world?
No.
Is 7%, I think.
When we were at 12%, did we send money out?
Yeah, we did.
No.
When we were under other administration, under Obama, did Obama, when unemployment, okay, maybe do this.
Go put history of unemployment rate, go history of unemployment rate.
And here's where I want to go with this.
History of unemployment rate.
Go to images.
Oh, actually, right there, that site is a good side, Maury.
If you go back, yeah, click on that site, the balance, unemployment since 1929 go up.
Let's look at some stats here.
Okay, go to 2008.
Okay, 2008, go up a little bit.
78%.
When it was 7.3, did Obama send us a stimulus?
When it was 9.9 in 2009, did we get a stimulus?
When it was a 9.3, did we get stimulus?
Did those four years send us stimulus?
What is the unemployment right now, 2021, right now?
So type in unemployment 2021, 2021 unemployment, unemployment rate.
I got to say it's somewhere around 6%, 7%.
Currently, I think the highest was April rate.
12% rate?
Okay, 6.3%.
6.3.
You're sending $1.9 trillion.
That's 6.3% unemployment.
So here's what they want to spend the money for, hypothetically.
So, yeah, we think we need to do $2 trillion because America is slow to recovery.
Direct payments of $1,400 to most Americans.
What does most mean?
Give me a specific qualification.
Bringing into total relief to $2,000, including December $600 payment, increase the federal per week unemployment benefit to $400 and extending it through the end of September, seven months additional, increasing the federal minimum wage to $15 an hour, extending the eviction and foreclosure moratoriums until the end of September.
$350 billion in state and local government aid.
What's it going to be spent on?
I'm curious.
Show it to me.
$170 billion for K-12 school and institution of higher education.
$50 billion towards COVID testing.
Fine.
$20 billion towards national vaccine program in partnership with states, local, and tribes.
Making a child tax credit fully refundable for the year and increasing the credit to $3,000 per child, $3,600 for a child under the age of six.
The plan is the first of two major spending initiatives Biden will seek in his first few months of his presidency, according to senior Biden officials.
Senior Biden officials have been working with the stimulus plans for weeks, also confirmed that the president will support $10,000 in student debt.
So $2 trillion.
Now we look at $2 trillion and what do we say?
Come on, man, Pat, it's not really a big deal.
Okay.
No, it's a big deal.
If I ask you this question, you already know the answer to this question.
So, you know, in the history of America, how much money have we ever printed?
Do you know the answer to this question?
No, tell me.
Okay.
Paul, do you actually know the answer to this question?
From day one, 1776, till today, how much money have we printed?
How much money is in circulation from day one, America till today?
From day one till today.
Yes.
Day one till today.
I would say eight or nine trillion.
I was going to say under $10 trillion.
Okay, $6.1 trillion.
Okay.
$6 trillion.
Ever.
Ever.
Do you know how much of it was in 2020?
40%.
I think.
Yeah.
$2 trillion was in 2020.
In one year versus 240 years.
If you want to pull up that link that I sent you on, this is from the Board of Governors of the Federal Reserve.
Okay.
That is money stock, M1.
Okay.
You go all the way back to now.
Look what happened in 2020, how much money was.
Look what happened in 2020.
And the amount of 41% of it was printed just this year, 2020.
Oh, let's do another $2 trillion.
You can close that up.
What's the moral of the story here?
Listen, I mean, hey, you know, look what's happening to these stocks.
They're going to the roof.
Look what's happening to, you know, gold is not, you know, $70,000 per kilo, whatever the number is.
Oh, look at what's going on with, you know, all these other things that baseball cards, a Michael Jordan rookie card a year ago, you could buy one for $40,000.
One just sold at an auction for $700,000.
Whatever you can't overprint, the values of those things are going up.
Land is going to go up.
You got, what do you call it?
A gold.
Bitcoin and gold.
Gold, look what happened with all Bitcoin.
You got baseball cards, collectibles.
These things are going up, and we keep printing money.
So if you keep printing money, what happens?
Oh, my gosh, look at the economy.
It's so great.
Hyper is going up.
Everybody's so happy.
Everybody's so good.
Everybody's so dead.
Look how great things are looking.
Really?
Okay.
Watch how bad it's going to hit us all of a sudden.
Watch how bad it's going to hit us all of a sudden.
This is a very, very important time to actually sit down with your husband and your wife and strategize what you want to do, or even yourself, what you're going to do with your strategy moving forward, money-wise.
This is not like you had another, you know, couple trillion dollars.
Where does that $2 trillion come from?
Are we sitting on $50 trillion of cash?
No.
Are we in debt $100 and something trillion dollars?
China, we owe $1,400, $1,000.
It's the current $10 billion.
Japan, we owe $1.1 billion.
They're just spending money as if it's like, keep printing it.
It's okay.
We can afford it.
Keep printing it.
So here's my question for you.
Okay, because clearly, by your tone, you're not happy with all the printing.
Is that fair to say?
It would be an understatement.
Okay, you're not happy with this.
No, it would be an understatement.
You know, obviously there's certain, you know, Republicans on certain side of the aisle, the Ted Cruises of the world, you know, the fiscal conservatives, what have you, that obviously have the same philosophy as you.
Like, what the hell are we doing with all this printing?
I'm kind of there with you as well.
Yeah.
So the other side of the coin, you have Jerome Powell.
You have Janet Yellen.
Obviously, Biden, people on the Biden administration saying we need to add more stimulus to the economy.
Interest rates are literally rock bottom.
We can borrow our way out of this, grow the GDP, pay off some debt.
Like it's no secret.
Janet Yellen, Jerome Powell, the Biden administration, they're basically saying spend, So my question is, if they're the foremost thought leaders economically in this country, right?
She is the Treasury Secretary.
She's the former Fed chairman, Jerome Powell now Fed chair.
Do they know what they're talking about?
Do they know what they're talking about?
Right.
There's a big difference between knowing what you're talking about and making a short-term decision versus a long-term decision.
This is not about, of course, these are brilliant people.
Powell is not a dummy to go up there and says, yeah, we're going to keep the interest rates low till 2023.
There is knowing what you're doing, you know, for the benefit of the future generations of whoever there is the other part, guys, we need a band-aid.
We're bleeding.
Just freaking, you know, tie it up, dude.
Get something out there.
You know, tie it.
Yeah, the approach that being taken is not about how smart these folks are.
Let me give you an idea.
For example, what industry took the biggest hit the last 12 months?
Airline.
Travel.
Airline?
Who else?
Hotels?
Hotels, restaurants.
Okay.
Restaurants.
Hospitality.
Fine.
By the way, airlines, to me, a part of airlines, they need to go out of business.
You want them to fail.
This is the challenge.
Not I want them to fail.
I want the irresponsible ones to be bought by responsible people.
That's what I want to happen.
If you're an irresponsible operator of a company spending money left and right, you need to be bought by a responsible operator because it's better for the economy and the consumer for a responsible operator to run your company.
Who's the most responsible airline operator?
Is it Southwest?
Delta is also one of them.
Spirit.
Spirit.
And who's the irresponsible?
Is it United?
Who's been struggling the most?
United American.
Listen, we can pull up the numbers right now.
I'm just wondering about that.
You were going to point you out.
Let the responsible people buy the irresponsible people, okay?
And let's change operations.
What did one CEO do to Southwest Airlines?
Turned it around.
What did one great CEO do to Southwest Airlines?
Think about it.
Why does everybody hire somebody when on the resume it says, I worked under Jack Welch for four years?
Why does everybody want to hire that person?
Why is there a premium under I worked under Jack Welch?
Why is there a premium?
I was an assistant coach under Bill Belichick for five years.
Why is there a premium for I was an assistant coach under Bill Walsh, under Phil Jackson, under Van Gundy?
Where is the premium?
Why is there such a big premium into coming out of a sales program of Xerox or IBM?
Xerox and IBM for decades were known as the best sales trend.
Why is there a premium in that?
Because of what's being taught from the top, okay?
Okay, so what's being taught from the top, you got these companies that are being irresponsible.
I'm sorry.
That's your fault.
Why'd you overspend?
I'm going to go back on your track record and see how your spending was.
No, based on your spending, you just keep going into debt.
That's not the responsibility.
Stock buybacks after the tax cuts.
Number two, what industry?
My concern, my concern isn't the bigger guys.
They know exactly what they're doing.
The biggest hit was taken by small business owners running mom and pop shop restaurants.
That's one shop, one bar, local that's been there for 15 years, family, passed down for 40 years, generation after generation.
You want to help those guys out?
We ought to.
You know why?
Because who shut them down?
The government.
The government is responsible for their laws.
Bail those guys out.
I'm with you because you screwed them up.
They didn't do anything wrong.
I'm not telling you I don't want to go to work.
I want to go to work.
You're telling me I can't go to work.
Well, then pay me.
You understand?
There's a relationship here.
You create the laws.
Fine.
Mr. Government, you're creating the laws.
Pay me.
Support me because I got a wife and kids and my savings is depleting from $62,000 to $53,000 to $41,000.
I've been saving $63,000 may not be a lot of money to a rich person in Wall Street, but $63,000.
You know how many people take a decade to save $63,000?
That's a lot of money.
$63,000 is a lot of money.
You know, let's just spend some money.
Send the money here.
Send the money there.
You don't want to send the money to school.
We want to send the money to education.
Why don't you send the money and bail some of these guys out?
I understand education.
We rarely see it.
How many times have you seen the education program in your schools getting better?
Like you go, well, not much has really changed.
Where did all this money go to?
Where does all this money go to?
So my biggest challenge is accountability.
You want to help out the restaurant folks do so.
I sat down one time and I talked to, I don't know, Zimmerman.
I don't know what his name was.
Zimmerman.
Zimmerman.
Very political guy.
And you know what's starting to happen today?
This is probably the most beautiful part about what's going on right now in America, my opinion.
One of the most beautiful parts of what's going on in America right now.
California has a recall right now.
They're trying to get Newsom out, okay?
And it's looking like they're going to get there, by the way.
Do you know 30% of the people that voted for Newsom to be out are Democrats?
30% of people that are voting, they are, what's the word where it's your Democrat, it's an M word.
They're moderates.
They're moderates, right?
But they're Democrats.
But they're moderates, right?
You know what is happening today?
You know what's happening in America today?
Politics is out the window.
It's pure logic nowadays.
Shamat is saying, I'm going to run for governor.
Shamat's not a Republican.
He wants to run against Newsome.
What are you running against Newsome?
Why have you been calling him out?
Because now it's about all reasoning.
Throw out the Republican Party.
Throw out the Democratic Party.
Now it's becoming about issues, which is beautiful.
I think it's a great thing.
It's a beautiful thing.
For so long, politics has been emotional.
If you're Republican.
I hate Trump.
No way.
Now it's like, hold on, hold on.
Yes, hold on.
But the consequences, the side effects are now saying, listen, man, maybe 100% loyalty to my party is kind of not working out.
Maybe 100% loyalty to your party.
For both sides.
Wake up, call that.
You might want to say that again, by the way.
Maybe 100% of loyalty to your party is not working out.
Yep.
Both sides.
Maybe now it's time we sit there and we just reason and process.
Oh, my God.
It's so powerful what you're saying, Pat.
What we need to do.
Because where we're going today, it's a beautiful thing.
I agree.
Because it's like, well, let's raise the minimum wage.
Hey, let's stop the oil and all this stuff.
Oh, let me kind of pull that back.
I'm sorry.
I don't know.
Why?
Because even Democrats don't like what you're saying about that.
What do you mean let's pull this out?
You're going to cost all these people these jobs.
These are high-paying jobs.
These are good jobs that you got.
Let's hold up.
Why are you changing your mind?
What happened all of a sudden?
I thought this was an executive order.
So we are kind of being pushed by our own community.
It's like the father who goes home.
Here's what we're going to do.
And his son says, Dad, can I talk to you?
Yeah.
I think you're wrong.
And I totally disagree with the approach you're taking right now with your youngest son.
I think it's a wrong approach.
And I'm not telling you this in front because I know you're dad and I want to give you the respect, but I don't think you're taking the right approach.
And I think you need to rethink your decision of what you just did with them.
I think you're wrong.
And I know you're upset with me.
I know you're just, but I think I'm the only person I can say some.
And I said, who are you to talk to me like this?
Do you know what he did to it?
He says, Dad, I get it.
But I think you're wrong.
And I hope you reconsider what you're doing right now.
It's the son that's calling out the father right now.
And it's a beautiful thing.
And as long as a father sits there and says, maybe my son sees an angle that I don't see, you have to consider that a little bit.
This is the feedback, right?
We'll do things here.
And I'll say, Mari, what do you think?
Pat, I don't know about that.
I don't think that's a good idea.
Okay, great.
Hey, Kai, what do you think?
Yeah, I don't, I say we stick to this.
Okay, cool.
It's now we're asking the what do you think more instead of, I know what I'm doing and you don't because I went to Colombia.
I went to Berkeley and you did not.
It's not how life works today.
People are getting called out from their sides and I love it.
I love it.
Do you think we'll see another progressive movement where there's people that are fighting for a cause regardless of which party?
Do I think we will see it?
First of all, these movements are not going away.
Just so you know.
What movements are you talking about?
AOC is not going away.
You know, socialism movement's not going to go away.
Communism is not going to go.
These movements are not going to go away.
But the argument gets smaller and smaller and smaller and smaller.
Like you don't see a full-on public communistic party today like you saw back in Hollywood behind closed doors.
But there's still a group of people.
I don't like the word communist.
You know how the other day I was talking to the guy and he says, you know, I'm running a business.
I'm doing four or five million.
I don't want to say the guy's name, but you know what I'm talking about.
He wanted to bring a partner to give him equity to help grow the company.
And he says, but I don't know how to put it.
And I said, you have to realize you have the business, which means the controls are on who?
I said, what you're saying is the word control is what?
Control and trust go together, right?
Control and trust go together.
Okay, fine.
So if control and trust go together, lazy and bored go together, okay?
Bitter and lack of creating go together.
You know what word goes together with communism or socialism?
What is it?
Free?
Power and control.
No, it's not free.
It's power and control.
Socialism and communism is to have power over you and to control you.
Is it the government that has power and control over you?
Of course.
I'm forcing you to pay higher taxes.
I'm forcing you to do what I tell you to do.
That's purely force.
There is no choice in that.
The only choice I have is leave the country.
It's not choice.
That's force.
You're forcing me out is what you're doing.
Circling back to Kai with Norway, you kind of said that they're socialists, but they're a capitalist.
What kind of power and control does the Norwegian government have over the people with taxes, you know, that kind of stuff?
So I think a lot of it depends on culture as well.
And if you're smaller, because Norway is a culture where it's a non-confrontational, you're more polite, you act responsibly, and the government kind of abides by those rules as well, where they're acting responsibly and they're not serving their own interests.
Campaigning in Norway is basically non-existent.
There's no political campaigns.
Really?
They're not even allowed to advertise on the business.
What do you think about that?
What do you think about that?
I think it's good.
You can't campaign.
What does that mean?
Essentially, they campaign, but the whole money aspect is out.
Raise money and social media.
So if you're getting money, you know, big money, I think that's a great thing.
Would you like that in America?
Campaign finance reform?
I think is yes.
Okay.
You sure you want to say yes?
Instinctually, to have someone like Bloomberg come in and spend $100 million in Florida.
I'm not going to have to do that.
have the Koch brothers dominate the Republican Party, to have Sheldon Adison, rest in peace, you don't speak ill of the dead, dominate the Republican Party.
Yeah, I think that was a...
Would that ever happen in America?
Would what ever happen?
Where you can't raise money to campaign?
I think you can't put the genie back in the bottle.
I mean, what was the big, was it in 2010 or the campaign finance reform or what was the big one?
Where you can't take money from and how much?
What's the term I'm thinking?
I know what you're talking about.
I don't know what you're saying.
But it's basically big donations.
You know, it's the whole super PACs, everything like that, you know, secret dark money.
Do you think both sides would go away with that?
No, but getting big money out of politics, I think, is a very good thing.
Like getting it out of that.
Well, I mean, I like that.
You can buy your own candidate.
And then you know what would happen if that was the case?
What happens if that's the case, where you can't take money?
I mean, politicians wouldn't be making as much money.
There's not the same interest to work in politics.
What else would be a problem if that were to take place?
Lobbying.
Self-funding.
So if it's self-funding, then the guys that have the money would run.
So there's also – But it's also your – Well, you can raise money from people, though.
No, he's saying he can.
I'm saying that's fine, but getting like the George Soroses of the world to just throw in the Bloombergs of the world.
It's a different story.
It's a different story.
But small $25 donations, I'm cool with.
The Bernie model, I'm cool with.
Whether you agree with Bernie or not, he had millions of people saying, dude, I'm down with Bernie.
Here's $10.
I'm cool with that.
To have the Koch brothers come in or the Soros' come in saying, here's $100 million.
Good luck.
I don't think you can just buy your way to the presidency like that.
So why don't we transition into, since we're on this topic here, and we'll come back to some of the other topics, but why don't we transition into the $15 minimum wage and what happened with that?
$15 minimum wage.
What page are we?
There we go.
So $15 minimum wage would cut employment, reduce poverty, CBO study fines.
So it's both ways.
So one, it would cut unemployment, it would cut employment, but it would reduce poverty.
So let's take a look at what happened with the report that came back.
Increasing the federal minimum wage to $15 an hour by 2025 from the current rate of 725, as President Biden has called for, would cut employment, not unemployment, employment by 1.4 million jobs, meaning 1.4 million Americans would lose their job and reduce the number of Americans below poverty line by 900,000, according to a study released by nonpartisan Congressional Budget Office on Monday.
While more than 1 million would lose their jobs, that's 1.4 million, the report said that 17 million U.S. workers or about 10% of the labor force would have pay increases.
Another 10 million workers who earn slightly more than $15 an hour could also potentially see pay raises because if you're making $15 right now and the other guy's making $7.25, then the $7.25 becomes $15,000.
Why am I getting paid the same as the $725 guy?
The $15 is going to go to $20,000 just because the $7.25 now caught up.
The study assumes as of a June 1st effective date for the bill raising the federal minimum wage to $9.50 an hour under the plan, the wage would be increased annually until it reaches $15 by 2025.
From 2021 to 2023, the plan would increase payments to workers by net $333 billion after accounting for wage increases and job losses, the study found.
That would allow low-income workers to spend more, but would increase labor costs for businesses and raise prices, especially at restaurants.
The loss of jobs would cause a modest negative overall impact on economic growth.
So the loss of jobs would cause a modest negative impact.
Modest is the word use, impact.
The cumulative federal budget deficit from 2021 to 2031 would increase by $54 billion if a $15 minimum wage was enacted largely because higher price of goods and services would contribute to an increase in federal spending, the report found.
Thoughts.
So the initial what comes to mind is, I'm going to go somewhere different with this and I'll circle back, is the power of reason and not just blindly following your party.
All right.
So personal example, I remember a few years ago, I went and I interviewed a bunch of people who were in Florida.
They were, it's called the Fight for 15 campaign.
And a lot of these people work for big companies, the airlines, the big box retailers.
They're not working for little mom and pop shops.
They're working for the Amazons of the world or the American Airlines of the world.
And they're fighting, protesting for a $15 minimum wage.
So instinctually, I'm thinking, yeah, I'm on the side of these people.
Like they're telling me they got to get two jobs to fight for the, you know, to just sustain life.
So initially, I'm thinking, this is ridiculous.
You got to, you know.
And then I started researching this a little bit more.
And then I started, you know, I even, you did an episode about this, about not having minimum wage, having a living wage, right?
And essentially what I've realized is that these minimum wage increases, they sound good, a lot like socialism, you know, on the surface.
They sound good.
But when you actually run the numbers and you see that, well, over a million people are going to lose their jobs and there's actually going to be some adverse effects to this.
And it's not all pretty.
And on the surface, yeah, of course, raising the minimum wage sounds good, but what are the ramifications of that?
And you can kind of get into the numbers here.
The numbers behind the story tell a different story, basically.
So I'm in favor of certain big cities, New York City, you know, San Francisco, you know, states having, you know, $15 federal minimum, state minimum wage.
But Tuscaloosa, Alabama, if you have a small little pizza shop and you have three employees there and you're paying them all $8 an hour, and now you're paying them $15, they're going to go out of business, or at least two of the people are going to get increases.
You're going to fire the pizza delivery guy or whatever.
So people are going to lose jobs, like it says here.
And some, you know, the poor will get a little bit worse.
What do you got?
So first thought, which was why I added this chart, is essentially, I was looking at the prices over time.
How much has it jumped?
How quickly?
And where has it been at?
Since 1961, it's 60 years.
It's jumped from $1 to $7.25, $6.
Now, in five years, they want to jump that again twice as much.
So it's jumped from $1 minimum wage in 1961 to essentially 15 times.
They want to increase it from 1960 by 2031.
Is that the number by 2031?
Yeah, it's not 2025.
2025, 15 bucks.
So it's 65 years, 64 years.
They want to raise minimum wage 15 times.
Yeah.
And, well, for me, it's also if you look at, so what have the previous hikes been, right?
Yeah.
So we look in 61, it was $1.
In 78, it was $2.65.
In 81, it's $331.
In 97, you got $5.15.
2007, it's $5.85.
2009, it's $7.25.
2025, now $15.
What about a $10 or a $9 or something like that?
think 15 is a lot first of all because like adam mentioned there's um you see you have nationally you don't have the same demand for for the workforce in smaller counties and stuff like that So I'm more a proponent of increasing a state minimum wage.
Leave it to federal.
Leave it to the state to decide what they're going to be doing.
Or county even.
Yeah, because you can't do it.
And if you look at it, minimum wage jobs are mostly entry-level jobs.
And they're usually called like stepping stone jobs.
You start here, and then you kind of build up some experience, and then you move on, or you move up.
Who or what are the jobs?
Mostly it's kind of the service industry and stuff like that, where you can also move up as you grow in experience and you can get a better job.
Another thing, you look at with increasing a minimum wage, you'll have an increase of robots.
I mean, if you go to McDonald's, you can order now without even talking to someone.
Soon enough, there'll be a robot in the kitchen as well.
So at that point, you're just speeding up the interest of a business because if I'm going to pay for it, go a little deeper there.
What else are you speeding up if you raise minimum wage and everybody's going to robots?
I mean, you're speeding up unemployment.
No, no, but what else are you speeding up?
You're speeding up whose argument in the last campaign blew up on the liberal side.
No, no.
One guy that came out of nowhere.
The entrepreneurial language was what?
UBI.
UBI.
If you raise minimum wage, companies go to robots automation, then you're speeding up the process of needing UBI.
So the raising of minimum wage forces us in the next 10 years to accept a permanent UBI.
Or you're also – and before that, I think also you – It's acceleration.
Yeah.
It's not a matter of, it's not going to happen.
It's going to happen eventually, but you're accelerating that process.
Yeah, and I also think it's...
Did that make sense to you?
No, no, absolutely.
Absolutely.
And I think a big part of it before UBI, because again, that's down the road, I see a quicker solution is them scaling down, obviously, on how many people you need.
And then also, you have an increase in sending jobs out where there's a cheaper labor force.
Just to lay this up for you, give us the pros and cons of where you're at with the minimum wage thing.
Because I know this is something that you've been pretty vocal about on value tamement, but where are you at with this?
The math doesn't make sense.
Okay.
Because, look, you know, how many pennies in a dollar?
100.
You can't do anything about that.
That's math.
There's nothing you can do to say, can we have 200 pennies in a dollar?
No, it's 100 pennies and a dollar.
That's how much you're dealing with.
You can't work it out.
So if you raise the minimum wage to 15 bucks, let's just say you raise a minimum wage to 15 bucks.
Who's really affected by it?
Does Merrill Lynch care?
No.
Does Wall Street care?
No one in Wall Street makes 15 bucks an hour.
Okay.
So the only people in Wall Street that make $15 an hour is who?
Maybe a 16-year-old janitor?
I don't even see that.
Maybe.
And even an intern, you know?
It doesn't affect them.
So who doesn't it affect?
Go through that.
Wall Street.
So Wall Street funds most of these politicians, but they're not affected by minimum wage.
You know what they're saying?
Guys, who cares about this minimum wage?
They don't care.
In their boardroom, the last thing on their mind is what?
$15 minimum wage.
So what do they say?
Yeah, Go do it.
So the most powerful people who are funding these guys, and these guys are asking them, we want to raise the minimum wage to 15, they say, what?
Don't even call me on this, man.
I got other things to deal with.
I want regulation is what I'm interested in.
Due to $15.
So who's affected by $15 if you think about it?
Restaurants, hospitality, whom you crushed in the last 12 months.
So let me get this straight.
You destroy the small business owner restaurant guys, and then on top of destroying them, you're telling them, I know you don't have any money and savings.
Guess what?
Here's some salt on your wound.
Your minimum wage of that person you were paying as a waiter, a waiter and a waitress makes what?
Minimum wage, $725, but their money comes from where?
Tips.
Now I got to pay $15 an hour for my 12 waiters and waitresses.
What are you doing to me?
So I thought you were for the little guy.
I thought you were for the small business owner.
What happened to you being for this little guy?
This minimum wage is not helping me out.
You shut me down even more.
So now my $62,000 that depleted to $52,000 or $43,000.
Now my payroll and my net profits go smaller and smaller.
So now my kid that was going to a nice little private school, now I have to take him out of private school.
Now the additional money that was spending, everybody's affected by it.
This doesn't end up being tithing is going to go down.
Money to charities, all that stuff is going to be affected.
Prices are also going to go up.
That's the following thing.
You have to raise prices.
If a burger is $4, be prepared for $8.
If you're buying something, so does $1.50.
Be prepared for $3.
If anything you're buying, if minimum wage doubles, that price is going to double.
Okay.
Flip side.
Give me some pros.
Give me some pros.
Oh, the pro is the 16-year-old kid now gets a job that has to pay him $15 an hour.
So the 16-year-old's like, dude, that's awesome.
Now I can get $30,000 a year instead of $50,000.
It's not just the 16-year-old kid.
It might be the 36-year-old mother of two who was making $9 an hour.
Say that again.
Say that again.
Why are you 36 years old and making minimum wage?
That's an impression.
Maybe you don't have a great education.
I mean, there's a million answers.
I'm sorry.
You know, there was a question years ago, a guy named Scott Walker, who was a former Comptroller General of the U.S., which is like the chief accountant of U.S. Was it David Walker?
I think his name is David Walker.
And he came out with a documentary.
What was the documentary called?
Do you remember what the documentary called?
Go type up and see what David Walker's documentary was.
In the documentary, they show an interview where Warren Buffett is talking.
And this lady gets up and Warren Buffett's talking about how much debt the market has, how much this, how much that.
And I interviewed this guy, David Walker, like 10 years ago.
Scott Walker, I believe, was the interview.
No, not Scott Walker.
I OUSA.
I-O-U-S-A was the documentary.
I-O-U-S-A.
Okay.
And Buffett at the end is speaking to a crowd of, I don't know, 400 people.
And this lady says, oh my gosh, with all this stuff going on, what should I do?
I'm a single mother.
How do I handle this?
And Warren says, listen, no matter what the time is, there's always, there's always a demand for experts.
Go become good at what you do.
If you don't do what if you, if what you do, you're not an expert in, there's no market for you.
The market dictates your price.
But if you're an expert in anything you do, you dictate your price.
So for the people that are 36 years old, making $7.20, what the hell are you doing at 36 years old, making $7.20?
Like, maybe pick up a book or two.
Maybe this is an identity issue and a market doesn't value enough that doesn't want to pay you more than $720.
Maybe you keep getting fired at your last 10 jobs because your attitude needs to kind of improve.
Why have you got, I had a friend I talked to one time.
I said, why have you lost?
Like, every time you come talk to me about your jobs, your boss are always idiots.
How is it your last 10 bosses were idiots?
There's only one common denominator amongst these 10 bosses.
They all hired you.
Yeah.
And they fired you.
So your bosses are idiots?
I'm sorry, this doesn't make any sense.
So there's an element of what you're saying.
Well, who's it good for?
Who's it beneficial for?
A lot of people that are not worth 15 bucks that are going to start getting paid 15 bucks.
That's exciting.
It's also how replaceable are you?
15 or at 725.
There's no differentiator.
Just be ready to think about it this way.
Whatever you're paying for right now, double it.
Yeah.
$7.25 to $15.
Be ready to double what you're paying for today.
Groceries.
Whatever it is.
If milk is $350, get ready to pay $7.
If you're okay with that, vote for minimum wage.
And I'm just thinking, what type of person says, all right, yeah, I'll take the job $7.50 an hour.
I'm cool.
I'll take it.
I need the job.
I need the job.
It's not about, look, when he came in, he didn't negotiate a salary.
He just came and says, give me a position.
I'm going to prove you who I am.
So I'm like, listen, honestly.
And I'm like, Mario, can we figure out a way to just move on?
Because it's technical.
He's coming from Norway.
It's this, it's that.
He says, Pat, this guy's emailed me so many times.
I said, what do you want to do with them?
You know, we had to, it was not an easy thing to do to hire this guy because we had to go, you spend, you know, we had to do some additional stuff.
So finally, we brought him on board.
He dictated his market value.
We didn't do it for him.
We didn't say this is your market value.
He dictated that.
We have a lot of people here that work with us.
Hey, I think I'm worth this.
I'm worth this.
Or really?
Based on what?
You're the same as you were two years ago.
What's changed the last two years?
He's not the same as he was two years ago.
He's changed.
How come he is now Mario, the VP of operations?
Why is Mario running the show here?
Because do you know what I've touched ever since I've been here with this office?
What have I touched?
Can you tell us what I've touched?
The coffee, maybe?
I've done, I don't even drink coffee.
Nothing.
Everything here has come together.
The finding of the office is everything becomes.
Shout out to Mario.
Because Mario ran the entire show.
Then during that time, who helped out that was here?
You, Eric, Mickey, Mario.
For a week.
You guys were working day and night, getting this whole thing situated until these guys could come back from, you know, not that they weren't working.
They just had.
They were moving.
They were moving.
They were dealing with it.
No, no, not moving.
They had health matters.
You couldn't be here.
So it's not about the, they were dying to be here.
These guys are workers.
I want to be here.
I didn't want to throw you under the bus, buddy.
I said you were moving.
I just said health.
I didn't get specific.
I just said that.
I enjoyed my vacation.
But here's the moral of the story.
The moral of the story is what?
You determine your market value.
That concept, people want to fight, but unfortunately, it's the truth.
You dictate your value in a marketplace.
If you make 20 grand a year, that's what you're worth.
That's not what I'm worth.
I'm priceless.
Really?
Go put your resume online.
Go put your resume online.
See what they tell you.
I'm worth at least $45,000.
Go test it out.
They're paying me for it.
I think I'm worth $150,000.
Go put your resume online.
You know what?
In Netflix, they even recommended that.
Like, go talk to the person, see what you're worth.
But by the way, the point is, if you are worth that, the company's going to have to pay you because the company doesn't want to lose you.
They call it different names for rock star principals, say bankable employee.
I don't want to lose this guy.
You want me to go through another process of hiring another guy that has this much now inventory in the company to go, why would I do that?
No, so we have to take care.
He doesn't need to come to us for a raise.
You understand what I'm saying?
So when it's the other way around, in a marketplace today, $15 minimum wage, $15 minimum wage, it's unfair.
What's unfair is the fact that you spend 40 hours a week watching Netflix instead of reading books.
That is unfair.
What's unfair is the fact that you come home eating chips, not taking your body versus, let me go work out a little bit for 30 minutes to 45 minutes.
That's unfair.
And that's your choice.
Nobody forces you to stay home and watch TV all night long.
But it's a great Netflix show.
I don't care.
You know how you made fun of me?
You're like, you know, this guy doesn't know who Weekend is.
I'm like, I don't know who Weekend is.
I mean, obviously, we're having fun with it, but I don't take it personally.
But last time I listened to the radio is 2004.
I don't care.
Those guys don't make me money.
From 04 to 2021, I know nothing about music.
I don't care.
I don't need to listen to the radio.
So, people have to realize that they have a choice.
If you are relying on a minimum wage to dictate your value, the government dictates your value.
Do you know how much of an insult that is?
I'd much rather say, Let me work for you for 30 days.
You dictate what I'm worth.
30 days later, I say, Let me tell you, man, we're not going to find a guy like this guy right here, Mario.
We're not going to find it.
Hey, you know, by the time we're not going to find, hey, Moral, we're not going to find someone like this.
Let's just kind of versus 15 minimum.
Go ahead.
Well, the government says that I'm worth it.
Let's just break down what minimum wage is minimum.
This is like the bottom line.
This is what you could take from it.
So, do you think there should be an actual minimum wage?
Look, should it be 75?
Who came out with the minimum wage?
Who came out with the minimum wage?
1961.
What is that?
No, no, 1961 is not who came out with minimum wage.
Minimum wage came out by FDR.
Okay.
And you know what the first minimum wage was?
25 cents.
Yeah.
Is what it was.
And you know why?
Because Ford was abusing this.
So they needed the industrial revolution after all that.
So don't think I'm all about like no regulation, no nothing.
You do need rules and guidelines.
There needs to be a set of, hey, listen, here's the number.
What are you doing?
I'm sorry.
Here's what you got to do.
To protect the employees that are working there, but 100% you need that.
But there's the pendulum, right?
Everything in life has a pendulum.
This is why I'm typically in the middle because the middle is typically the right argument for me because we need a little bit of minimum.
Yeah, we do need a minimum wage.
By the way, staying at $7.20, I think it's time we go up from $7.20.
Okay.
But I do think it needs to stay different numbers by state.
What number?
What number?
I mean, just give me where you think it should go.
I can do the math.
That's a big thing, Pat.
I don't think you should gloss over that.
This is a state issue.
This isn't a federal issue.
It's not.
It's not.
And a lot of people don't know how to differentiate.
How much was gas here?
I filled up the tank yesterday.
How much is gas here?
$230?
$250?
How much is gas Texas?
$214.
$214.50 even.
By the way, you just went from $260 to $214.
People are like, that's not a big deal.
It's $0.44.
What's $44 on $2 and $14?
That's 20%.
$4 or $5.
It's like making $50,000 versus $60,000.
I'm sorry, that's a very big difference.
That's not a small difference.
Now, go to California.
What's a gallon?
What's a gallon?
Mario, can you type in California gas price?
I think it's like $340, $350.
Is that what it is?
I don't know the number.
I filled up yesterday.
It was $350 for me.
So California is $340 now, but I did $93, is what I did.
So because it's the F-150.
So, okay.
So just look at that.
Okay, $345 and see what New York is.
Let's write this down.
If California is $345.
$257 is New York.
Is that really the case?
For the New York Times.
What's New York City, though?
Because upstate New York might be a little bit more.
Where's New York?
New York is $257.
Interesting.
Okay, $257.
Is California the highest, by the way, when you're looking at that?
California, by the way, is the only one with three.
What are they firing this wine guy?
It's expensive, too.
Hawaii is still lower than California.
How pathetic is that?
The fact that California has the highest at 345.
So watch the math here.
Watch the math here.
So 345, 345 versus 257.
Okay, 345, 257.
What's the difference of not 88 cents?
88 cents divided by 257 is 34%.
So 34% on minimum wage of what?
725, which is the national, right?
725 times 34% makes it 971.
So California minimum wage needs to be what?
10 or 15, 10, 10 or 12 bucks, essentially, if we're looking at math, okay?
All right.
What does New York have to be?
Cost of living, then I'm doing math.
And I'm just doing gas, by the way.
I'm not doing rent.
I'm not doing house.
I'm not doing all that other stuff.
New York, gas may be lower, but real estate's ridiculous, right?
With rent, what they got.
So then you say, if it's New York City, man, New York City kind of needs to be 15 bucks.
If you're in New York City, it's kind of got to be 15 bucks.
But I'm not given just a flat $15.
If all I did was I got paid as an accountant to come up with numbers, we would come up with numbers based on math and present it to the governors and say, guys, can I make a recommendation to you?
Based on this math, here's where you need to be.
Now it's on you.
Then I would make that a public letter that we had a conversation with 50 governors, and this is the recommendation we made.
I would make that paper public and say, our recommendation to your governor is this based on this formula that we use.
Now, if you like your governor, go tell your governor to raise it.
If not, replace him with somebody else and bring Shamat in instead of Newsom.
But the choice is on you.
Here's the math we gave you.
Let the voters decide what they want to do.
Where is that part?
Like that, that's the approach I'd be taking.
Here's the number we're looking at.
It's too linear or non-dimensional to just lay it flat across the board.
Look, I'll talk to Tom or I'll talk to, you know, and they'll come and say, Patrick, here's this person that we want to hire.
This is the market value right now for this person.
So what do you suggest?
I think here's what we need to do.
If you don't do it, someone's going to pay for this.
Okay, got it.
And hey, we have this person, existing employee.
If we don't pay this, someone's going to pay for it.
But this person, last time we had a conversation, this person didn't want to take this and this person didn't want to do that.
Let's move on.
Let's let this person go and get their next victory.
Not a good place at our company.
Culture doesn't fit.
Let's let him go.
We'll go find somebody else.
Okay.
But there is that decision of what somebody wants to do.
15 across the board, every state, makes no sense.
From a business owner's perspective.
Makes no sense.
Who has all sorts of employees making low to medium to ridiculous amount of money?
Do you pay anybody minimum wage?
Do you have a like, what's your philosophy when you're hiring entry-level workers, underwriters, what have you?
Well, how do you process minimum wage?
When it comes down to PHP, I don't know the exact data as of today, but I am speculating when I say this.
I don't think we pay anyone less than 15 bucks an hour.
Okay, nobody.
And if we do, maybe it's one.
So if minimum wage is 10 and a quarter, you're like, you don't pay attention to it.
Yeah.
But you're looking for talent?
I mean, what is it that?
No, because we sat there and my staff came up to me and they said to me, you want better pool of talent for us to get resumes of.
We have to be above 15 bucks.
And I said, great, let's do that.
I didn't say they came to me.
If we go at 10, you're getting this.
If we go 12, you're getting this.
If we go 15, we can ask for this.
If we go 18, you can ask for this.
If we go 22.
So they present it to me in a very reasonable way.
And then I said, okay, great.
If that's the case, then here's what we need to do.
We need to raise it because we want better experience, quality talent that comes with a better resume.
Let's pay for it.
And then we made the decision that way.
It wasn't like we have to save the money and make sure we don't pay anybody.
No, it's not.
What's supply and demand?
It's talent.
It's who's going to bring value for the company.
That's what you have to be thinking about.
Now, at the beginning stages, when you start a business, what are you looking at?
Saving.
I got to save money.
I got to stretch this dollar into $3.
Everything is about stretching it.
But later on, better quality talent in the company, the better you do.
Okay?
Because you got collective.
So I don't know about this $15 minimum wage.
There's much better ways to go about this $15 minimum wage.
I don't like it.
I don't like the direction they're going.
And hopefully somebody's going to come in and do something about it with this $15 minimum wage.
Which by the way, if you're listening to this, I saw some of the people that we were asking.
More people use ATND than ATT than Verizon, by the way.
Okay.
Way more do ATT than Verizon.
Does that make sense?
Is ATT number one?
Yeah, ATT used to be bad in California.
If you remember off the 210 Freeway, you know, and they would take shots at ATT because their service wasn't good.
Remember that picture that they would always put?
Here's the coverage of Verizon versus the coverage of ATT.
But I think ATNT, I can't think of the last time I lost a call or a call dropped, unless if I'm like in a bank and some weird underground place.
But calls are pretty good right now, service-wise.
I had ATT 2003, but I had that issue.
The two places I was at college in my home in Monrovia.
Yeah, 210 was terrible.
Yesterday, my pastor Dudley Rutherford sent me a picture of me running out of gas at 210 Freeway where there's no service.
And he wrote about it in his book.
And he says, you should come to service this Sunday, sit in the front row.
I'm like, he said, this Sunday's message is for you.
I said, awesome.
So I go there.
There's like three, four, five thousand people sitting there.
And he says, I want to tell you a story about a friend of mine.
This is a very good friend of mine.
He calls me one day.
He says, Do you want to go watch Lakers play Celtics game seven?
So I said, yes.
And I offered to take my car flex, full tank, gas, everything.
But no, he said he wants to go in as yellow Z06.
So two guys who are 6465, we decide to get in a Z06.
We're driving on the 210 freeway.
And then all of a sudden, the car turns off.
Oh, God.
And it's on the side of the mountain.
He sent me the picture.
I wish I had it to give it to Mario for Mario to see.
He said he pulls me over.
Then he calls what do you call Triple A.
Then he calls AAA.
Then he calls Triple A and he says, Oh, this happens to me all the time because I've ran out of gas probably 70 times or so.
You have run out of gas.
How many times have I run out of gas, Mario?
Hundreds.
Honestly, I can't even.
How's that possible, dude?
Who the hell looks at the gas tank like everyone else?
After it happens a couple times, it's a waste of time.
Huh?
I remember going to the airport in the Rolls-Royce, we're the Don.
Oh, the Rolls-Royce ran out of gas.
Patrick, you're literally driving off, and he says, Oh, Mario.
Yeah, Pat.
We just ran out of gas.
I'm like, ha ha, you're so funny.
He's like, no, no, seriously, like, have fun.
I parked in a private school parking lot.
The kids are looking at me like, guys, I can't hold this car.
Run out of gas.
This was just recently, by the way.
Yeah.
So, what does that say about you and business and entrepreneurship?
I want to get a game.
So, you don't even pay attention to your gas.
I want to keep Triple A in business.
You're judging me.
I'm not going to keep Triple A in business.
I'm one of their best customers.
I feel like you call it, yeah, Pat again.
I'm just getting at the PBD 101 special PBD hotline.
By the way, we finally get a hold of Triple A.
They show up.
This is the funniest part.
Good to see you.
The guy that shows up says, What's up, Pat?
Hey, Pat, you're keeping us in business.
He's kind of like, Wait a minute, how do you guys know each other?
He said, Oh, you know, we're tipping.
I was making minimum wage before PBD showed up.
Now I'm making $100,000 a year just doing my thing here at Triple A T. What point was I trying to make?
I was going to say.
Dudley Rutherford, he took the picture.
You're going to the point.
I was trying to make a point.
There was a point.
What were we talking about right before?
Your Sunday sermon, but Dudley Rutherford.
We were switching from minimum wage next time.
ATNT.
Oh, ATNT.
That's the 210 story, which I ran out of gas on ATNT.
Anyways, we finally made it to the game, barely first quarter.
And that's the game where Metal World Peace showed up in the fourth quarter.
Kobe didn't have a good fourth quarter, and they ended up winning, whatever he was.
Yeah, yeah, and they ended up winning the entire thing.
We were right there at the game.
He and I are sitting right there, game seven, halftime.
Everybody's leaving to go get stuff.
I said, You want to go get some?
He says, No, man, my body's in pain.
I'm so nervous right now.
This is too nerve-wracking.
We had to push the car all the way.
It was one of the ugliest games you've ever seen.
The Dudley says, Please have my friend stand up.
This is my friend who ran out of gas, Patrick Bay Davis.
So for the rest of the time, every time I went to church, they would say, You're the guy riding out of gas.
You're the entrepreneur.
You're the guy that ran out of gas.
Patrick, what's up, Patty?
My entire career is about the guy running out of gas.
The next question, Pat.
Yes.
Are you going to run out of gas after we've gone all through this?
You told this story.
Oh, I ran out of gas yesterday.
Stop it.
I'm dead serious.
Pat, what is going on?
I'm being serious with you.
I ran out of gas and I was with Senna and I ran out of gas yesterday.
What do you do?
First of all, there's not a lot of gas stations in Boca.
I realized that yesterday.
I was like, Boca, they need gas stations.
So what do you do when you run out of gas?
So, anyways, we finally got gas.
Somehow, some of we got gas, but yeah, I ran out of gas.
So there's like when the light goes on and like it's beeping, no trigger goes off saying, hey, I see.
I need a car that talks to me.
Mr. Bet David, you're about to run out of gas.
Please go to the nearest gas station.
Why don't you get a test?
I would actually not be able to get it.
You would forget to charge it, and then next thing you know, you wouldn't be able to get it.
That would actually not be a bad idea for me.
I can't get this out of my head why Pat continually runs out of gas.
Something's going on there.
Is that you don't pay attention to the little things?
You're a macro thinker.
You're not worried about the gas.
When's the last time you ran out of gas?
Let me get this straight.
We're here to get out of here.
Hi Uber never runs out of gas here trying to solve the issue of minimum wage.
Your concern is me running out of gas.
I am.
Small thinker.
Because I want to know this guy.
I want to know what is going on in your brain that it continually happens.
You know what's impressive, though?
He can run out of gas and it doesn't ruin his day.
Your day is more ruined than his yesterday because he ran out of gas.
I told Pat, like, I lost sleep over that one day where he was going to do 15, sorry, 14 things they don't teach you in school.
And rather than erasing it, he draws a line through and writes 15.
I'd like, what?
How do you?
Yeah, the other day I got a ticket.
I got a ticket in the yard house.
And the lady comes up to me.
That's so funny.
You want to tell this story?
We get a ticket.
We go to dinner at the yard house.
This is on my birthday.
My birthday today.
We're doing Bitcoin right after this with Elon Musk.
Take it a ticket to the yard house.
He gets out there.
She had just given him the ticket.
He's like, I put money in the meter.
What's going on here?
She's like, yeah, but you know, you've been here for two hours.
You only put, you know, enough for one hour in the meter.
Pat looks at her and he goes, you know what?
I've probably parked a dozen times without paying.
I probably owe you money at this point.
So, you know what?
Fair and square, we're good.
I got the times wrong.
I thought it was like it for 30 minutes, but apparently it's like, you know, it's just funny.
You don't pay attention to the little things is what you're saying.
You're a macro thinker.
Not necessarily.
To stuff that I just kind of like, it's just parking.
Like, you want me to consume my mind about parking?
Let me just park the car, pay somebody $1,000 a month.
Don't bother me with my boca's a little bit complicated with parking over here when you go to my zone.
You want to talk about parking.
What's the one thing I've told you maybe a thousand times?
What's that?
As far as your driving.
I need a driver.
You need a driver.
I don't think I don't.
You're running out of gas.
You're with your daughter.
You're pushing your car.
You can't even get into the game seven on time.
Get a driver.
You don't have to worry about any of this nonsense anymore.
Well, Mickey used to be my driver.
Well, we got Mickey back.
Mickey's back.
So Mickey used to be my driver.
So let's talk about Bitcoin.
Let's do it.
So imagine you're a die-hard Bitcoin person.
You wake up and Elon Musk says Tesla buys one and a half billion dollars of Bitcoin and starts accepting payment for cars.
What is the reaction of the die-hard Bitcoin believer when they hear that story?
Honestly.
Oh, they are through the roof.
It's Christmas, New Year's, Hanukkah.
You can name it all in one day.
Because if you're one of the guys, the OG guys, that you bought Bitcoin when it was nothing and you sit on it.
I mean, even if you bought Bitcoin on Friday, it would have gone up $8,000.
If you would have just bought it on Friday, you would have really been a little bit more expensive.
$46.
It's at $46.33 right now.
So Tesla will begin accepting Bitcoin.
The electronic automaker disclosed an SEC filing on Monday, citing efforts to further diversify maximize returns on our cash.
And a first may soon accept its payment for its cars.
The move sent Bitcoin higher, trading about $42,000.
8 a.m.
I don't know where it's at right now.
The year the cryptocurrency, this year, the cryptocurrency has gained 33%.
Shares of Automaker have gained 20% this year compared to 3% of S ⁇ P 500 and 7.5% of NASDAQ composite.
Musk added.
I think Bitcoin is really on the verge of getting broad acceptance by conventional finance people.
There it is right there.
Broad acceptance.
So let me ask you that.
Legitimacy.
So let me ask you this.
How high does it go?
How high does it go?
According to experts, experts, who's an expert?
They think $100,000 is where it could go from here.
But I don't think that's a big deal, though.
I don't think it's $100,000.
You think it could go even higher than that?
In the next six to 12 months?
Let me put it to you this way.
Who's bigger than Elon Musk in the world right now?
Nobody.
Nobody.
Bezos might have a say in that, but Tom Brady.
No, no, Bezos is on his way out.
He just became Andy Jazzy.
Bezos is like, he doesn't grab attention.
He's just kind of fading in the back.
No, Bezos doesn't want attention.
Bezos is Biden.
Elon Musk is more Trump-esque, is what it is.
Take the politics out.
He likes being relevant, right?
So no one's bigger than Musk.
So Musk goes out there and says Bitcoin.
And not only that, Tesla, the automaker that's now worth whatever it's worth, that puts $1.5 billion, and they're now accepting payments?
Yeah, I don't know.
That's a big deal.
I don't see this thing going from $42,000 to $100,000.
Well, he had Bitcoin in his Twitter budget.
I see this thing going $42 to a few hundred.
So you're buying.
And I'm coming from a place of very neutral.
Like yesterday I was commenting, tweeting about the Super Bowl.
Oh, you have money on this.
You have a Brady card.
You have a Mahomes card.
I said, I have nothing.
I don't have any money on this game.
Like Mattress Mac.
Mac, who put $3.5 million, and he won $6 million in Houston.
And a couple years ago, he put $12 million on the Astro.
He had to fly to Nevada, though, to put in the bet.
He carried in that little Samson.
He showed the pictures.
Online betting.
Yeah, because he had a picture with a lot of money.
I don't know if that was just like a prop or something.
By the way, Mattress Mac, Jen is from Houston.
He says he is the most giving man in the city and they love him.
When the hurricane came, if you guys remember, the church, Joel Olson's church shut down.
He opened up all his mattress stores saying anybody can come and sleep here because it's bad condition.
That's why the city loves this guy.
Yeah, so going back to this, Bitcoin.
I don't think it's going to go $42,000 to $100,000.
I don't think so.
I think it's bigger than that.
What's interesting, though, is...
Because flip it now.
Now, let's just say you now go and you have Wall Street, the Dahlios of the world.
They have funds now.
They're adding Bitcoin to the portfolio.
So $42,000 to $100,000?
Okay, let me ask the question in a different way.
Would you have thought a year and a half ago that Elon Musk was going to go from being worth $5,000, $10,000, $15 billion to $200 billion?
No.
Don't be surprised if this goes from 42 to, like, 400.
The interesting thing is that— I didn't—that's a don't be surprised.
Yeah.
Okay.
Meaning it could happen.
I'd be interesting to see because you know how the hype with Bitcoin when it first kind of blew up towards the tail end of 2017, everyone was buying, everyone was investing.
They were like, oh, I'm going to put it in.
I'm going to pick one.
I'm going to put in a couple thousand dollars.
It's going to 100x in three days.
And then it crashed.
At that point, the peak was $19,000.
If you just held on to that, you could have been stupid enough to buy at the top and held on to it, and it'd still be twice as much today.
And that's probably just the beginning.
When was that?
What month?
This was December of 2017.
In December of 2000, December 2017 was $19?
No, $19,000.
Okay, December of 2017, a Jordan rookie card was selling for $25,000.
If you would have bought one and held on to that, you would have sold it today for $700,000.
Bitcoin people hate it when I say that.
25 times more.
That 19 would have been double.
So people can't take their eye off cards as well.
There's a big move in the card community right now.
But then if you go a year later, when it went back down to like $3,000, I mean, you're looking now you're talking my language.
That's 13 times.
I'm also saying that, because I have a lot of friends that bought Bitcoin at the peak, thinking, oh, it's going to keep going.
It went down.
They were like, all right, I'm pissed.
I'm never going into it.
Like, I'm done.
Like, zero.
I'm not trying to lose more money.
However, even buying at the worst time, it's a 2X.
That's not bad.
By the way, this is just so you know, I'm right now buy on Bitcoin.
This is like, go buy, you know, that'd be my opinion on where Bitcoin's at today.
You were going to say something.
Well, no, I just, a couple economic lessons out there for the investors out there.
A, I wish I would have bought more Bitcoin over the last couple of years.
I bought three, four years ago.
Two things.
Obviously, buy and hold is a strategy.
It's a strategy no matter whether you're buying Bitcoin or whether you're in the stock market or whether you're have a Kobe card or whatever it is.
But also, sorry about that, but you've done okay with the wins.
But also dollar cost averaging is a strategy.
You bought Bitcoin when it was at 19.
You bought Bitcoin when it was at 3.
You bought Bitcoin when it was at 35.
You bought Bitcoin when it was at 40.
You're going to buy Bitcoin at 50.
You're going to buy it when it goes down to 17.
Dollar cost averaging.
Same with the market.
You buy the market, stock market when it's at 19, when it's at 30, when it's at 18.
Just continually to buy and hold, buy and hold, buy and hold and dollar cost averaging.
So just, you know, put that into your little cap over there.
Is Bitcoin going to go like you want to make a prediction next 90 days where Bitcoin goes?
90 days.
Well, with what we've seen with this GameStop stuff and with certainly Elon Musk and whatever he's doing with this Dogecoin stuff, the market more than ever is easier to manipulate with a tweet, with a comment, with Wall Street bets kind of getting up there.
So more than ever, you can move the markets just with kind of momentum and emotion rather than you want to give a number or you want to give me like a love story here on how you met your first girlfriend.
I mean, I think if Elon's continuing to do this, I think Bitcoin could be on the hundred thousand in the next six months.
So you're putting 100,000 six months?
I'd say 75 next 90 days.
75 next 90 days.
How about you, PPD?
I don't know, guys.
I think it's a lovely thing.
What's your point?
I think it's going six figures next 90 days.
Really?
I think it could.
So when are you buying?
I bought this morning.
I'm going to go with you right now.
That's why it was on.
No, I didn't buy this.
I don't want people to tweet and say, Pat bought this morning.
I didn't buy this morning.
But all I'm saying is I think it's going to go six figures.
Wow.
I just think there's other places that I can make.
Go ahead.
Why do you think, because I had some notes here.
Why do you think they allowed to buy Tesla with Bitcoin?
Because there's two sides to it.
You could either make, it could be a really smart investment because then people pay with Bitcoin.
They sit on Bitcoin.
Price of Bitcoin goes to the roof.
They make a lot of money.
What are you talking about?
You paid $100,000 of Bitcoin next day.
Yeah, and then it drops to half.
Suddenly, you got a 50% off.
Are you talking about that?
But I'm saying it's a flip side as well because you're paying 100%.
That 100% turns into 200%.
Suddenly you're like, ah, crap.
Kai, you missed the point.
Here's the point with that.
Forget about how volatile it's going to be.
There's a risk there.
I guarantee you the best.
The board is not happy with the volatile market of Bitcoin.
I guarantee you that.
But you may also buy a car for $65,000 that you really paid $130,000 for.
No, absolutely.
It can go both ways.
Exactly.
But the point is this.
Give me the DNA of a Tesla buyer.
I mean, it's the Wall Street Bets, the crypto kind of person, the follower of Twitter.
They're weird.
They're different.
They're like, I'm not like you.
I don't want to be like you.
I'm different.
I don't buy what you buy.
You guys are dummies that buy oil.
They think everybody else is...
It's weird.
No, no, no, no.
They...
They think the rest of the world that doesn't drive a Tesla, you're a fool.
You know, that's how they're wired.
They're wired that way.
They have like a secret that you don't know about.
They're part of a community or not part of a community.
They don't get this, buddy.
They are a level above you.
Okay.
All right.
If Tesla drivers are like that, what other investors are like that?
CryptoCoin Industries.
Exactly.
They just got the entire cryptocurrency community, which is a massive one, to say, dude, I'm going to go buy this.
And they're now going to be screaming off the top of their lungs, which is their community.
It is their community.
So they just recruited an entire community of pro-Tesla.
And you know what else about the crypto guys?
Let me ask you a question.
Do you know people that love oil?
All they do is they do oil investments.
Many.
I'm an OPEC guy.
That's what I'm saying.
I'm an oil man.
Do you know people that are big real estate guys?
Do you know people that are big, you know, value stock guys that they want to buy Disney that's 10% down?
How many of those guys are louder than Bitcoin guys?
Nobody.
That's the point.
You want the loudest customer to be on your side.
They just got the loudest customers that are now Tesla.
Bitcoin people are like vegans.
Whether you want to know, you're going to know that they're Bitcoin people.
Yeah, they're just, guys, are we having some problems or no?
You just had the best part that we had some problems, man.
This was awesome.
Audio is going or no?
Did it cut off or no?
Because we dropped a little bit.
No, no, it wasn't just an image.
Okay, I got it.
Okay, so that's good.
Okay, we back.
It's back.
Fix, come back.
Okay, sounds still there.
Okay, good.
So yeah, my answer to you with that is very simple.
Bitcoin is officially all fan of Tesla.
Yeah, they won in so many different ways.
No, I think obviously it's a different one.
But do you think Tesla will use the Bitcoin or do you think they'll sit on it just as a sort of investment kind of?
I think they're going to sit on it if you ask me.
I don't think they're going to do it.
I agree with it.
I think they're going to sit on it.
I agree with you.
It's a great question.
The only question.
Which is, I think Bitcoin's last hurdle.
Yeah.
I think is how it works with taxes and taxation of it because it's a decentralized platform.
You buy it.
You have to know at that point when you're Tesla, their board is ridiculous, brilliant people with their board and their accounting and their audited financials and all that stuff.
I'm sure they're able to do it, but it's still as a, from what I've understood, when you buy and sell cryptocurrency, you're obliged to yourself kind of report what you've made or how the money works with that.
And you're kind of, you're giving the IRS the information yourself.
So obviously you could say, oh, I didn't make 10,000, I made 1,000, or even I didn't make any money at all.
And they wouldn't know.
So I think that's more where with Tesla, it'll work because obviously they'll do it.
The question is just with people that put money into it, because unless you're paying for it with a good, like you're trading it into other goods, then that's kind of where the taxation comes in.
If you're just buying it to invest and to have it multiply and stuff like that as an asset source, then that's different because then it's one transaction.
It's more when you go from the Bitcoin to the normal currency as a form of trade.
That's kind of where it can get a little bit tricky, which is why it would be harder or delayed until we can have people paying with Bitcoin for normal transactions in everyday life.
You don't think they've thought that out and had a process made for that and kind of looked at all the good, bad, and the ugly?
No, I'm sure they've.
And obviously, that's what they're trying to figure out now of why we have Visa and PayPal and all these people.
Like, what can we do?
How can we accommodate?
And Elon is a PayPal, part of the PayPal mafia.
So he knows, he's been around the block with this stuff.
Exactly.
And I'm sure he's in the forefront of being able to figure out how he can do it in a manner.
I think it's just more another hurdle for the Main Street guy that would have to figure out how to do it.
That's a good point.
How am I going to do that?
I think that's a good point.
So, guys, we got a lot of stories left.
I think the story I do want to cover is Tom Brady's diet because it could be shocking for some people here.
So, Tom Brady, his schedule came out, which is not a crazy scare.
The schedule is not going to shock anybody, but I think the diet is very, very interesting.
So, the guy's a 5.30 morning wake-up call, drinks electrolyte water, then smoothie, then 7 a.m. breakfast with his family, 8 to 10.30, hits the gym, strengthening, conditioning, beach time, 11 o'clock, review game footage, noon lunch, 3 to 5 team practice, or in the offseason, surf and workout.
The guy surfs and works out.
5 to 6 post-workout pliability session, 6 p.m. dinner with family, 7 p.m. review films, strategy with coach, charity work, 7.30 family time, including reading with kids.
8.30, lights out and sleep.
8.30, lights out.
Wow.
Sleep.
Okay.
He doesn't even get to watch Sunday night football or the Monday night football.
I mean, that's apparently what he is.
He's playing.
Now, here's his workout routine.
He's micromanaged the athletes training for months and even years in advance.
An average day will begin early with pre-workout deep force massage session with Guerrero.
It only lasts four minutes, but targets 20 muscle groups for 20 seconds each.
And it helps prepare Brady's body for an intense workout, beginning with 40 minutes of resistant band to make muscles more pliable, soft, and resilient.
As a quarterback has age, he works out less with weights, which could leave him prone to muscle tears, which is interesting.
You think about muscle tears when you're hitting the weights.
That kind of does make sense.
Now it's all about planks, lunges, and squats, followed by more pliability exercises, such as doing crunches with a vibrant, vibrating roller beneath his back.
Caffeine is off the table, so is white flour, dairy products, and anything with gluten.
He steers clear of veggies.
No tomatoes, no eggplants, no peppers, no mushrooms that could cause inflammation.
Everything has to be organic.
Brady each day tries to drink a couple hundred ounces of water, usually enhanced with electrolytes.
He sells those along with various nutritional supplements through the TB12 site.
That's a shout out.
Alan Campbell was Brady's personal chef from 2013 to 2016 and helped them create the TB12 nutrition manual published in 2017.
He told the post that at the time, at this time of year, we focused on dark leafy greens, some grass-fed animal protein, as well as, how do you pronounce that word?
L-E-G-U-M-E-S.
Legumes.
Legumes and whole grains.
But that's not what Brady will eat before the Super Bowl.
His game day meals are even more basic.
A smoothie and a sandwich of almond butter and jelly.
It's all a far cry from his rookie season in 2000.
Brady admitted that his pregame snack used to be nachos while his default lunch was ham and cheese subs with onion rings and a large orange soda.
What a weird diet.
Like, just very different.
No?
Am I the only one that thinks this is a very interesting, weird, nothing crazy, but, you know, doesn't touch mushrooms, tomatoes?
What do you think about his diet?
I mean, look, he's regimented.
He's on point.
He's got a game plan.
He's got a system.
He's not just swinging it.
He's not just getting nachos and orange soda.
He's got a very strict, you know, regimen that he's abiding to.
The most interesting thing about Brady is, you know, there's two tales to Brady.
You know, Brady came out the gates.
You know, he wasn't a big-time thrower passer.
He was a game manager, great defense.
They won three championships in his first four seasons, 2002, 2004, 2005.
Do you know that he went on a, you know, in 2007, 2008, he was the MVP, got injured, he missed the season.
What's my point here?
He went 10 years, 10 years without winning another Super Bowl.
He won it in 2005.
The next Super Bowl he won was in 2015, and then he won in 2015, 2017.
Some say because they got caught.
Some say because they got caught and they could no longer film, you know, the whole thing with Spy.
That's what people say.
I'm just telling you.
You know, track record here.
We got 10 Super Bowls in 20 seasons.
You know, I don't think there's much cheating going on.
But call back to you.
But those are the guys that are anti-Brady.
You hear that 10-year stretch constantly being saying that because they could no longer see the video of the other players.
How did he play?
So what now?
Still won.
They made a playoff.
So they went to the Super Bowl line.
They still killed him.
They lost to the Giants.
They lost to the Eagles.
They lost to Eli twice.
He reinvented himself.
He came back stronger.
He came back different.
Sometimes when he was younger, he was a game manager.
Then he started leading league and passes, leading league of touchdowns.
Randy Moss is scoring 20 touchdowns a year.
He reinvented himself.
Now he's managing the game.
I mean, he was the MVP of the Super Bowl.
He had 200 yards, three touchdowns.
Nothing crazy.
Should have been.
He's got a system.
Should have been a co-embed.
You love that guy.
You love that guy.
It's not.
I love the guy.
The guy led the team with 12 tackles, eight solo, one interception.
At the end, the guy psychologically ruined the guys.
What's his name?
Mahomes ran for 497 yards to run away rush record.
497 yards he ran in the game.
Not ran like rushing yards.
He's not rushing yards.
Running around and running around.
He was running for his life.
He was running for his life, literally.
And so the defense should have won no touchdowns, nine points, less than 10 points.
Go ahead.
I just, I mean, you know, I know we're closing up shop here, but man, you got to respect Brady's professionalism to the game.
He's got a system.
He's got a regimen.
And for the 40-plus crowd out there, take notice.
He's not drinking a lot of caffeine.
He's not working out with major weights.
He's stretching calisthenics, right?
I mean, every morning, you know, I do my stretches.
I do my yoga, whatever.
Being flexible, planks, what have you.
It's not about getting the Paul Striner workout in necessarily.
Shout out to the man Paul Striner.
But, you know, as you get older, your game needs to change a little bit.
Your regimen needs to change.
The way that you work out needs to change.
When you're a young buck like Kai, you can, you know, eat seven sandwiches in a day.
I was out of my mind, by the way, how much bread he ate.
But, you know, things have changed.
But 43 years old, and you're showing a 25-year-old MVP half a billion dollar contract who the real man is, the GOAT, Tom Brady.
What's up?
Salute.
Kai, do you have any thoughts?
I mean, I think it's interesting.
It seems like he has it down to science.
And I'm sure the guy he's worked with pretty much his whole career.
I mean, at that point, the joke in the article was that his trainer knew Tom Brady's body more than his wife.
Ooh.
I don't know about that, but it makes sense.
I don't know about that.
And here's a lesson here to all you underdogs out there who are just starting a business, that people are counting you out.
You're the 12th man on a 12-man team.
Never forget.
Mario, can you pull up his resume real quick before we end?
Never forget.
This was his resume.
He was starting to do.
He was the 199th pick in the 2000 draft.
He was drafted in the sixth round.
There's pictures of him with his dad bod and no abs and no muscle.
This is the greatest professional sports.
Found my old resume.
Really thought I was going to need this after the fifth round.
Wow.
University of Michigan, Bachelor of General Studies, December.
Emphasis in Business and Psychology 3.4G, 3.3.
That's solid.
Academic Achievement Honors, 90s.
Okay.
Award, Academic Obligation.
Merrill Lynch intern, Ann Harbor, Michigan, assistant to senior sales broker.
Amazing.
So I mean, North Michigan Golf Corps sales representative, assistant clubhouse manager.
1998.
Polo Fields Golf and Country Club sales representative.
Diddler, Duddler and Sons Custom Home Building.
He's putting them out there.
So somebody over there's like, wait a minute, Duddler, this is great.
Imagine you're Duddler, like Duddler and Sons Custom.
You're going to put that out there.
You know, Tom Brady used to work for us back in 1997.
Top of the park and Ann Arbor Summer Festival, Park Security.
Tom Brady was a security guard.
From a security guard to a seven-time Super Bowl champion.
I mean, we had this debate.
Let's do the last debate.
Let's do the last of a weekend because my drink team calls not to 11 o'clock.
Do I have a 10 o'clock right now or no?
We have a meeting.
Give me one second.
Hang on one second, guys.
Let me see one thing.
Okay, so we have to go or else we would have gone a few minutes over.
Maybe we'll do it next time.
So anyway, so podcast today makes it episode 38.
If you enjoyed the format of the podcast, smash that subscribe button.
If you enjoyed our buddy Kai Loda in the comment section, let's put his Instagram account so people can go.
Is it just Kai Loda on Instagram?
K-A-I-L-O-A-D-E.
Two A's.
Two A's.
So spell it slowly.
K-A-A-I-L-O-D-E.
L-O-D-E.
K-A-A-I-L-O-D-E.
Send them a message and tell them what you like.
Good luck working out your disagreements with Will Farrell.
I know that you guys have been in constant communication.
He's a big USC guy.
You're a UCLA guy.
By the way, FYI, I think this 8 a.m. thing worked.
I think this 8 a.m. worked instead of going to 9 a.m.
If you ask me, I think the 8 a.m. worked.
Say that again.
Shout out to the audience.
Yeah, we had 3,200 people that got on at the top, and we got to get it back on it before 5.8 a.m.
Do they want it to 9 a.m.?
What are we going to say?
I think whether they want it or they don't want it, it worked out for us.
