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Patrick Bet-David Podcast Episode 40. Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N
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Kai Lode: https://bit.ly/31LKsGB
Tom Zenner: https://bit.ly/3jJ93CN
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This is we got a Colombian, a Venezuelan, a Mexicano, and Escar Saga.
Oh, okay, now we're live.
We are live officially.
Okay, so we are live.
By the way, FYI, everybody, just so you know, Adam is on fire today.
Fired up.
Fired up today.
We got Tom Zenner here.
Yeah, no, be Tom Zenner.
That's too much pressure.
That's too much.
Yeah, he's on fire today, just so you know.
Tom, good to have you on.
Nice to see you guys.
Good to be here.
Great office.
Happy to be here.
I got to credit you guys, man.
You know, you heard all these stories about the people leaving New York and California for Florida and for Texas.
You guys were smart enough to leave Texas for Florida.
Timing.
Talk about timing with the weather right now.
I don't know if you're here.
It's Tukaso.
Oh, buddy.
It's pretty intense.
I mean, we lived there for, I lived there for five years, and we never had negative.
They say it feels like it's negative 10 right now in Dallas.
No electricity.
Everybody's wearing five layers of clothes.
It's a mess.
Calder in Dallas yesterday when the sun rose, five degrees, as opposed to Anchorage, Alaska, where it was 18.
That's how bad it is.
That is intense.
And you know what's crazy?
Yeah.
Yesterday, Tom Ellsword still figured out a way to get out of the airport.
He drove to the airport 35 miles an hour, got on a flight, set the example for Moral to follow.
They got on a flight.
They head to Louisville for an event with Sepalas, Vargas, and the rest of the crew.
So, you know, shout out to them.
Yeah, Tebow's going to be there, and Tebo's apparently going to be a baseball player right now.
Apparently, you know, touchdown Jesus goes to home run, Jesus.
Your favorite guy?
You're a big Tebo guy.
That's your guy.
As in Tim Tebow?
Yeah, Tim Tebow.
Yeah, yeah.
So, anyways, we got a lot of things to cover today.
Just so we're clear, the last time that we all did this, we were in Dallas.
Six weeks ago.
What are the chances that we all go back to Dallas and do this?
Let's stay in Boca.
That's what I'm saying.
I don't think it's going to happen.
Fired up.
Yeah, so tell us why you're lit up today.
What is it?
Is it coffee?
Is it the seven-minute bike ride?
Is it the workout?
Is it the shorts?
What happened this weekend?
It's everything.
It's everything and much more.
By the way, Adam showed up with the most unlooked.
How do you explain those shorts?
You know how you watch people wearing shorts and then there's uncomfortable shorts where they're three inches too high shorts?
Yeah.
What was up with those shorts?
They're called Daisy Duke.
They're called Daisy Dukes.
I think it's one of those things that can't be explained.
It has to be experienced.
Yeah, you don't want to experience it.
You know, the real Adam's coming out now that we're in Florida.
We're going to learn a lot about it.
He's a little bit more comfortable.
If I start rollerblading to work, just alert my parents.
Can you tell us real quick what happened with the Dutch?
I rode my bike to work.
What happened with the donut today?
Oh, the donut today.
The donut.
Don't disrespect.
It was a muffin.
Oh, muffin.
It was a big difference.
Listen, Kai's going to weigh in here.
Kai, can you turn me up on the audio here?
Last night.
Turn Kai down a little bit, 20%.
And turn me up 10% because I'm fired up.
Last night, we had an HR situation going on here.
Our first HR situation in the office.
So here's what happened.
I'm going to play this out real quick.
We'll get to the podcast.
Kai, huge carb advocate, huge carb advocate.
He eats carbs like he's never going to be donuts, muffins, wraps, sandwiches.
He ain't going to be 20 forever.
At 22, I'm like 15 years.
Wait till you're my age, buddy.
You're going to look at carbs totally.
I'm doing it while it lasts.
So me, go for it.
If you know anything about me, I'm eating low-carb wraps.
You know, you know, you understand.
Sean's got you on that same vibe.
Pat's eating egg whites.
By the way, how are the egg whites this morning?
This is a big deal.
10 times better.
No cookie.
Just the whites?
Just the egg whites.
So boom, we're all in the kitchen yesterday.
It's probably around 6, 6.30.
Day's winding down.
HR situation complaint.
Kai, who ate my muffin?
Somebody literally ate your muffin.
Making accusations.
Somebody went in, and I had it in the freezer.
This was on Friday.
The whole day, I was kind of looking forward to eating muffins.
When in they warmed it up, they took the time and they ate it.
Yes.
Yeah.
That's not an HR situation.
And it was the last time they molested.
That's a crime.
I don't know.
Listen.
Listen.
I know what it's like to be falsely accused now because he pinned it on me.
He goes, I knew it was you.
You left early on Friday, you stole the muffin and left early Friday.
Boom, you're guilty, right?
And I'm like, dude, I haven't had a carb since like 2002.
Now I'm stealing muffins.
Did you guys figure out who took the muffin?
Yeah, here's the deal.
So I went.
So Eric.
We were doing wagers.
We were doing wagers.
We think it's Mario.
Is it Eduardo?
It could have been Eduardo.
Just got in from Venezuela.
Boom.
So I said, listen, I'm going to make a formal HR complaint.
We're going to sit the situation out.
We're going to figure it out.
This muffin.
Fresca.
The muffin.
Yeah.
So I go to HR.
HR is none other than Mickey.
I said, Mickey, we have a case of the missing muffin.
She goes, oh, I ate the muffin.
She didn't say that.
Yeah.
Yes.
Straight up.
She smiled.
No, deny.
She goes, out of it.
Panic attack, sugar attack.
Friday had to have the muffin.
I go, Mickey, I got to HR you, HR.
We got a missing muffin.
Wow.
Kai, I mean, this is where you see Kai's ugly side.
Steals his carbs.
I mean, you were ruthless.
Must have been a good muffin.
Yeah.
I mean, delicious.
Listen, shout out to Mickey.
Yeah, shout out to Mickey.
Shout out to is she getting you back on a muffin?
Are you guys already?
No, I owe you one.
Just so I don't undersell this.
Kai, how heated were you on this muffin?
No, I was just marking my territory.
That makes sense.
We sell some brand new office.
We're not even a week in, and people are stealing food.
Yeah.
Put your name on it.
There you go.
That's typically the way to do it.
Put your name on the bag, and that's what we did in the other office.
You guys will figure it out.
It's going to be all right.
Kai will write it in frosting.
You know, even more calories.
There it is.
Okay, so let's get right into it.
Topics: we got SPACs.
What is a SPAC?
S-P-A-C.
Why is everybody talking about SPACs?
Why is Shamat in a SPAC?
Why is Serena Williams in a SPAC?
Why is Steph Curry in a SPAC?
Why is Shaquille O'Neal in a SPAC?
A-Rod, Billy Bean, Tillman Furtada, Billy Foley.
Even Kaepernick just got into a SPAC.
Yeah, pretty interesting.
A lot of people are in SPACs.
We'll talk about that.
Is it going mainstream?
Then you got Parlor announces it's back online with no hosting service.
Wild time.
Yeah.
Exactly.
Jaguar, Land Rover's car range to be fully electric by 2030.
Bumble's founder, Whitney Fole Heard, becomes the youngest self-made woman billionaire after IPO.
JP Morgan and Morgan Stanley are eyeing Bitcoin, a big number, by the way, which, by the way, Bitcoin just crossed 50K.
Anybody else want to help Apple build an electric car?
Another big auto brand said no thanks.
Reddit raised a quarter of a billion.
We may get into that today.
Is there a mood difference between Biden and Trump?
I'd be curious to know what Zenner has to say about this.
Senate acquits Trump and impeached trial.
Can you imagine?
Like, so, Grandpa, tell me the craziest thing you ever did in life.
Well, I got acquitted twice as a president.
Yeah, but he's going to spin it.
It was unblooded.
No one has ever been acquitted twice.
I've been so far more times acquitted than any other president.
Oh, my gosh.
Clinton can only do it once.
I'm doubling him.
Yeah.
California says Newsome recall driven by small business owners.
By the way, they got the votes.
We'll cover that.
Cuomo COVID cover-up hits nearly 1,900 nursing homes.
Home death, which he is now blaming it on politics yesterday.
I don't know if you guys saw that or not.
2.8 million Texans are without power as the state battles an unprecedented winter storm.
Nevada Casino, East Coronavirus Capacity Restrictions Monday, which is a very, very good sign for concerts, events, all of that.
Just going to Vegas.
New Yorkers are fleeing to Palm Beach.
Out of all the places.
Why would you go to South Florida?
I don't understand why you would want to move to Palm Beach or South Carolina.
Stay in New York.
And NYC till I die.
New York City businesses are following Israel plans to reopen gyms, malls, and hotels.
But a big but only for people who have been vaccinated.
And let me see what else I got.
By the way, we got a list.
I asked Kai to pull up the list of people who've been banned from Twitter.
And it'd be interesting to go through some of these names that we got on who has been banned from Twitter because it feels is this a new thing like banning people?
Has Twitter been banning people for years?
Is it new?
Let's just kind of see where that's at.
How long has it been going on?
Yeah, and then the end of era of old people, meaning old people, why are old people winning at the highest level right now?
Yeah, so we'll get into that.
Matter of fact, why don't we just start off with that?
Era of old people.
So, Tom, why don't you take the lead with this?
You know, a lot of things are going on right now.
What do you think?
Is this a, should we be paying attention to why old people are kicking major tail right now?
100%.
How can you not?
Okay, this is the era of the young person.
Sorry, Jen, whatever you are, all you.
Here's the facts.
Okay, so you had Bruce Arians win the Super Bowl, 68 years old, oldest Super Bowl coach to ever win the Super Bowl.
I mean, Belichick acts grumpier and older, but he's actually younger.
You have President Trump, who is 72.
You have Joe Biden replacing him.
He's 78.
Or staying in sports.
You have Serena.
She's 39.
She had a baby like, what, three, four years ago?
And she's still dominating.
She's in the semifinals at the Australian Open.
You've got LeBron.
No one can touch him right now.
Lakers are probably going to win another title.
He's 36.
Tom Brady, 39.
No, no, 43.
Yeah, 43.
Tom Brady, 43.
You got Dr. Fauci, who's 80.
You got Nancy Pelosi, who's 80.
I don't think that you can have that much of a coincidence where that many older people are dominating.
Now, is Nancy Pelosi and Fauci doing anything great?
No, that's called longevity.
They've just been able to hold on to the job.
But everybody's going to emulate what these athletes are doing without a doubt.
And Arians was supposed to be done.
I mean, he goes against the norm for every coach in the NFL.
They're grinding all day, 18-hour days, watching film.
He's kicking it back in Tampa having a cocktail at the end of the night.
And it worked.
I think if you're smart enough to surround yourself with great people, LeBron was 35 when the Lakers sucked.
Okay.
He was still old and they sucked.
The next year he got Anthony Davis.
He got other great players.
Tom Brady looked like he was on a decline until he leaves Bill Belichick, starts getting his friends in there like Gronk and everybody.
They win another Super Bowl.
Serena is just an animal.
I mean, she just refuses to become mediocre.
And so there is, I think it's a great sign because I don't think you only want young people running everything.
There's something about experience.
There's something about wisdom that you can lead and stuff.
Now, I'm not saying everybody has to do it, but I think it's more than just a coincidence because you have nutrition that's improved, fitness, you're able to live longer.
There's so many things that are working in the factors that benefit older people if you still got the drive and the hunger and you want it.
If you don't, you're irrelevant and it doesn't matter.
But you can go longer at an elite level if you make plans to do it.
What a great point.
What a great opening point, Tom.
Adam.
From the oldest guy on the podcast.
Why do you have to go?
I mean, you know, we're in our 40s.
You're in your late 40s.
Okay.
Careful, my kids.
They don't know how to do it.
I'm doing okay.
Great point by Tom.
Yeah.
Okay.
Can't dispute that.
Something that I talk about in my business, life settlements, life, you know, longevity.
Something that I also talk about in personal finance is that people are living longer.
Like the retirement is being reinvented.
I just did that interview with Kiyosaki where traditionally our grandparents or great-grandparents, whatever it is at this point, however old you are, life expectancy in the United States 100 years ago was like 67 years old, right?
Now life expectancy is easily into your 80s if you take care of yourself.
Obviously, you know, these days with COVID pre-existing conditions, not taking care of yourself.
But you can live to 90, 100, no problem in the United States of America these days if you just take care of yourself, right?
So overall, as a country, we are reinventing longevity.
What do all these guys that you said are living longer have in common?
You said you said experience, wisdom, nutrition, drive.
What else do they have?
They have talent around them, I think, which helps.
Talent around them.
They can afford, like the Serena Williams and a Tom Brady.
They can afford the millions of dollars it takes to be at that elite level with trainers.
So there you go.
So go there.
You said they can afford what?
They can afford the things that can compete, allow them to compete at the highest level, which is the great nutritionist, the personal coach.
That's very big right there.
You know what's the country in the world with the longest life expectancy in the world?
I'm going to guess it's Norway or something in Europe.
Monaco, yeah.
89 and a half.
Good living out there.
89 and a half.
Because it's the wealthiest country in the world.
Because it's the wealthiest country in the world.
So you can afford better health care.
You can afford to go see the doctor.
So there is, maybe there is some correlation between wealth and health.
100%.
So when people say wealthy, because you know back in the days in the 20s and the 30s when they would make the cartoons of wealthy people, who was it?
It was the guy, the big banker, the big wire baron, the exact railroad guy.
That's not the case today anymore.
It's changed.
It's slender.
It's in shape.
It's what a personal trainer is doing.
Yoga.
If you've worked hard that hard to accumulate that type of wealth, don't you want to stay alive to enjoy it?
Right.
And you have that advantage?
And you can right now.
I think the biggest reason people die younger is because they're so hard on their bodies.
I mean, you're reckless with your diet and things like that.
There's so many ways to kill yourself if you want to.
Just the way the food companies put preservatives and everything.
And it's out there if you want to do it.
But you can also take the other route and really defeat those odds and live almost as long as you want if you take care of yourself and try to be disciplined as much as possible.
What did they call it back in the day?
The gout was called the King's disease or what was it called?
Oh, because only they would all eat red meat and wine and you would just like deteriorate your entire body and your existence.
Now, we went over Tom Brady's regimen the day after the Super Bowl.
I mean, the guy is up at 530.
He doesn't eat certain foods, works out, you know, protein shakes.
He started training again the other day.
Training.
I mean, he was drunk as shit after the Super Bowl, but that's a whole different topic.
That felt great.
But listen, if you're listening to this and you got somebody in the family that's kind of like, well, I feel like I'm old.
I feel like I'm this.
Like, they need to hear this message, what was just said.
That needs to be shared with them and say, Dad, can you go listen to this?
Can you, mom, can you go listen to this?
Because a part of this is as, well, attitude.
I think it's an also an attitude thing.
You know, did I tell the story on the podcast about John D. Rockefeller?
Have we talked about the Rockefeller?
I got a little bit of a glitch going on here.
Me too.
It's one of ours.
I don't know who it is.
Can you guys hear it?
Okay, it's gone.
Did we talk about the John D. Rockefeller story last time?
So John D. Rockefeller, when he's a little kid, he said, there's two things I want to do in life.
I want to make $100,000, which in today's money, he made $350 billion.
$100,000 is $350,000.
He said he wants to make.
$350,000.
No, He said he wants to make his eventual wealth when he died.
In today's money with inflation, it's $350 billion of today's wealth.
That's Bezos and Musk combined.
That's Rockefeller.
When he was a kid, he said, I want to make $100,000 and I want to live up to 100 years old.
Wow.
He was born in 1835, 1835.
You know how old he was when he died?
Late 90s, maybe?
97 and 11 months.
Wow.
At a time where the life expectancy was 39 and a half for a man.
39 and a half?
Unreal.
Unreal.
Life expectancy was 39 and a half in 1835.
In 1835, the average life expectancy was 39 and a half.
He lived 97 years and 11 months.
He was two years and a month away from reaching that 100-year-old.
That's like at that time, right?
Crazy stuff.
But here's the question.
Here's the question.
Today, with what we have, with today's Rockefeller waking up and six years old, 10 years old, saying, when I grow up, I want to have a trillion dollars or a billion dollars or whatever it is, and I want to live up to, what is that number today?
I think the kid's going to say 100.
I don't think anyone is going to say, I want to live to be 110 because I don't know how good your life is going to be.
But I think in the past, maybe you say 85, 90.
I'm going to say 100.
What do you think today, today, kids being, guys?
I'm actually curious to know, Kai, I may come to you as well.
What do you think kids being born to, like, let's just say a dash?
Stod, right?
I mean, he's got a little injury right now.
What Dash is, he's going to be 12 next week.
Happy early birthday today.
Thank you.
Take an eight-year-old kid, take a 10-year-old kid-driven kid.
I'm going to go out there and do this.
How old do you think the oldest person is going to be?
That's 8, 10, 12 years old today.
I can speak for Dash.
He'll say 13 because there's a 20-stair rail.
He's going to try to go down there and he'll probably knock himself out.
Well, there was an article, it was a cover story, I think, Time magazine a handful of years ago that babies being born today are going to live to age 130, 150.
Something crazy like that.
I don't know what they're saying.
Do you think it's capable?
It's possible that some people may live 150.
I do, and here's why.
Because look how medicine is advancing.
Look at the technology.
When we start really figuring out some of these diseases, cancer wipes out so many people.
What if they got their handle on cancer?
So if you were born with something in your body that predetermines that you're going to get cancer and you can eliminate that, boom, 20% of people are going to live longer automatically, maybe a whole lot longer.
People maybe get away from the heart disease issues that kill so many people.
Maybe driving cars, they're autonomous and it's safer on the road.
You know, there's less drunk drivers.
I don't know, but I do believe 130 to 150 is a possibility because nothing surprises me anymore.
What do you guys think if you're watching this?
If you think people, kids who are 8, 10, 12 years old today, can live up to 150 years old, smash the thumbs up button.
If you think, Pat, you guys are out of your mind.
No way in the world they're going to live maybe 90, 100, 110, smash the thumbs down button.
I'm actually curious to know what the audience thinks.
If you hear stories, even now, I think a nun in France, 110 years old, just beat COVID.
116.
She's never 116 beat COVID.
Insane.
Yeah.
Insane.
160.
But think about it.
She's never put anything bad into her body, probably, right?
Living on a convent.
You know, she's praying.
She's doing her thing.
You know, I think there's one more factor that's involved, and you kind of mentioned it.
It's a motivation.
What motivates you to want to live that long?
And the perfect example is Jeff Bezos and the transformation that he's gone under physically since he's the last 10 or 15 years.
And since he's had the new girlfriend, have you seen he's buffed?
He's dressing differently.
Fashion is important.
He seems to have a totally different motivation.
And if you have that reason to live really long, you're going to do all the little things in your life that will allow you to.
But you got to find that one motivation that'll get you there.
I'll say one thing, and then I want to get your opinion.
You talked about motivation, which we talked about.
We talked about attitude.
You know, you talked about reinventing yourself, rediscovering, re-energizing, re-everything, reinvigorating.
You know, to the 40-year-olds who are out there, I have friends who are 40, and they're like, oh, I've got two kids.
I've already done what I had to do.
I'm getting old.
I'm like, bro, you're freaking 40.
Yeah.
I'm 40.
I'm a man.
You ever seen that before?
What are you talking about?
Like, I've already, I'm too old.
40, bro?
There's a list of people who completely started companies after the age of 40.
40 is nothing these days.
Moving forward, let's say you're in your 60s.
I'll give you two tales.
My stepdad is in his late 60s, complete mess.
Has given up on life.
His health is horrible.
He's listening to this.
He's not listening.
He's a complete mess.
I have my uncle who's giving you a hard time.
You're going to be all right.
He's trying to motivate him.
I promise you.
He's given up.
No motivation.
Not reinventing himself.
I'm 68 years old.
I have my uncle who's 70, wealthy guy, works out every day, takes care of himself, constantly coming up with business ideas.
That's Ross's dad.
Complete stud.
Same age.
So this has talked about motivation.
This talks about attitude.
Yeah.
So I'll know when I'm getting old.
So Eudonis has them.
He's the long, you know, I played against him in high school.
He's sitting on the end of the in Miami.
He's 40 years old now.
I played against Miles.
He's still in the league, sitting at the end of the bench on the Miami Heat.
And I've known the guy like off and on for 20 freaking years now.
So when I see him at games, I used to go to the games, it's always like a head nod, like a respect, like keep doing your thing.
He's still there doing his thing 40 years old.
He's a cheap coach.
And you've got.
Cheap coach, millions of people.
That's a cheap coach.
Veteran.
Veterans men.
Probably makes $2 million.
You know how great it is to have players like that?
Respect to someone like that.
Keep everybody in line in the lobby.
You got guys younger than Kai coming to the league.
Let me put my hand around you.
So 40 years old, still doing his thing.
Tom Brady, 43.
LeBron, 37.
I don't know if Haslam is in the same league as Brady, but I get what you're doing.
No, but I'm just saying.
He's your friend.
Haslim.
He likes you.
He's an OG in Miami.
We're here in South Florida.
So here's my question to you.
We talked about age.
We're talking about age.
Do you want to live to age 100?
Is that a number you want to live to?
Because for me, 100% I want to go that long.
You know, I wouldn't mind living to 100.
Yeah, it's not something I said, I'm going to live to 100 yet.
I haven't said that.
It's not like, you know, I'm going to go out there and live 200, but I think I wouldn't mind living 200.
The gentleman, Kirk Kikorian.
Yeah.
99, 98.
A hero of yours.
Yeah.
Big time.
He lived to almost 100.
What it was?
98, 99.
Okay.
He's a small body frame.
Yeah, he's a little dude.
He's 5'4.
It's a different story when you're 5'4 ⁇ , '6'4.
6'4.
You're saying that the littler you are, that's a better thing?
Of course it is.
Really?
You have less things that could go back, knees.
Your arms are a mess, right?
So we're fixing it.
No, no, we are.
Listen, LeBron is 6'8, so it's not an excuse I'm making, but you know, it's difference when it's taller versus showback.
Yeah, 97, 98 years old.
100.
You want to get to 100?
100 would be 100.
How about you, Zach?
100 just means compound.
Yeah, I'm not going to attach a number to it.
I just want to keep being healthy, and I'll take it to 120 or bow out at 88 if I'm not.
Why are you putting pressure under Tom with his ass?
I'm just excited.
You're already going.
Jack, baby.
The OG, the veteran.
Okay, so that was a very, very good opening.
Pick me upper four.
I would highly share that part of it with your family to listen to that.
Okay, so Elon Musk asks Putin if he wants to have a conversation with him on Clubhouse.
Can you imagine?
Hey, Zrasvitzi, Vladimir Putin, Kharashio Maladzietz, you know, will you please come and join me on Clubhouse?
You speak Russian.
No, I don't speak Russian.
I've had Russian friends, but I don't speak Russian.
Okay, so Tesla CEO Elon Musk on Saturday asked Russian President Vladimir Putin if he was interested in having a conversation on Clubhouse, the up-and-coming social media platform that connects people via audio chat, audio chat.
Musk tweeted directly to the official Twitter account of the president of Russia asking, would you like me to join me in a clubhouse?
He followed that with a tweet entirely in Russian that translated it would be a great honor to speak with you.
Kremlin called Musk's idea for Putin to join Clubhouse app.
Interesting, seeking details.
Kremlin spokesperson Dmitry Peskov told reporters on a conference call in general, this is, of course, a very interesting proposal, but we need to understand what it's meant, what it's being proposed.
First, we need to check, then we will react.
We want to figure it out.
First, President Putin does not personally use social networks directly.
He doesn't have them.
Peskov said.
So what's this about?
You said something about Musk.
Every day there seems to be a what with Musk.
There's a big story.
He's moving the market.
He's doing something.
He clearly knows it.
He knows the power he has.
He's the most influential person on the planet right now.
I mean, outside of politics, probably you have to go to the business.
I don't think so.
I think outside of politics.
The only reason I say that is because some madmen have a finger on a nuclear bomb.
So that's a lot of influence if you can just go nuts and wipe out half the world.
Outside of some extreme behavior like that, he's the most influential person in the world.
Every, not almost every, every day, any tweet he sends out is news.
It's big news.
And people are so blindly following him, they will do whatever he says.
I guarantee you, there are 10 million people trying to buy stock in Russia because he sent out that tweet yesterday, even though that's not a company.
Okay, I guarantee you, they're calling their brokers.
They're going on Robin Hood and Silver.
They're not going to real estate property.
Putin's head spinning right now because usually I am the one with the ulterior motive.
Is that German or Russian?
I don't even know.
That's German.
I'm terrible at X. Tom, don't go to the accents.
Do what you do.
Okay, so you know what?
Musk knows it.
The question I was wondering to myself, because I'm always writing these stories on VT Post, because anything Elon Musk, if he says something about Bitcoin, hey, he bought one point or he invested $1.5 billion into Bitcoin.
He said he liked Etsy one time.
The stock went nuts the next day.
Even when he promotes a different stock, like a solar wind company, maybe the NASDAQ ticker sign isn't real common.
So if you twist one letter around, that company will go up 15% in one day.
He's such a big thinker.
I think there has to be 15 documentaries done on him.
I don't know how he does it with his bore.
You know, he's coming to Miami and digging a tunnel for 30 million.
They thought it was going to cost a billion.
He's going to alleviate traffic now for 30 million with his boring company.
He's doing it in Vegas.
SpaceX just launched new rockets today.
I mean, I don't know how he does it, but he's got, he's not going to reach out to him without a reason.
He wants to build a plant in Russia, right?
He wants to open up Russia to Tesla.
It's a market for him that he's not into yet.
And he probably wants to find a cheap place to build more cars over there.
But it clearly caught Putin off guard on his heels a little bit.
And you're not used to seeing him react like that.
But he knows it's an opportunity because if Musk calls, something good is on the other line probably.
Wait, wait, wait.
Before, check out this.
This was before and after Elon's tweet.
And that's not even.
He tweeted Use Signal, which is like an encrypted app.
Whenever WhatsApp announced that they would start storing the data, and then people went rushed to buy a public traded company, which is called Signal, but completely different company.
And you just see it jump from what?
You're at 60 cents to $7.
And by the way, it stayed up after that.
If you actually give him credit, it went from being like a 20-cent company to $3 that maintained it.
So what do you got to say about that?
I mean, Tom hit it right on the head.
I mean, he moves the market just with a tweet, with any single comment.
Three points to make here on this entire story.
Number one, have we ever seen a business rock star like Elon Musk?
I mean, Steve Jobs was never a rock star.
Bill Gates, not a rock star.
Warren Buffett, nah, not really, buddy.
Even someone like Richard Branson, like that guy pales in comparison to Elon Musk.
I can't think of it.
Jobs is the closest, yeah.
But he was never, I mean, Jobs, you know, rest in power, but he.
I'm just saying he was the closest.
I'm not saying he was.
Right, but he's nowhere on Elon's level in terms of like the influence and what he's doing now.
There was no Twitter.
There was no none of that.
Jobs was a rock star.
But he had a call like a private person.
He was a private person.
Yeah, he wasn't out there.
But the point is, Elon Musk is business, rock star, social media, doing it all, moving markets.
That's number one.
He's nothing to him when you said like a businessman like that is Tony Stark.
There is nothing he's the only, and it's a movie.
Yeah.
So it's Iron Man.
That's the closest thing to Elon Musk.
So this is what we needed to go to.
The irony is that Tony Stark was based off of none other than Elon Musk.
Was he really?
And that's Elon Musk 10 years ago.
Years ago.
Robert Downing Jr. went and visited Elon Musk when he was developing how the character was going to be Marble.
So there, did you know that?
No, that part I denied.
So you just intuition.
It's like your Batman senses.
Yeah, he's right behind me.
He's right behind you.
He's giving you a look.
So that's number one.
So point number two.
Number two.
That was great.
Yeah, point number two.
Vladimir Putin don't have social media.
Nothing.
That's Russia.
I don't know nothing.
I don't have, I don't even know what that is.
He's probably interviewing Russian wives right now.
That's why he knows how you do it.
He's like a Russianwives.com.
Yes.
Putin don't have social media.
That's pretty intense.
No social media whatsoever.
No, you know, Rotis, you know, president of the Russia, whatever the hell it is.
Nothing.
Okay.
I mean, and then the third point here is Clubhouse.
Clubhouse wasn't even a thing six months ago.
I never heard of it.
We just heard about it recently.
Well, no, they just raised $100 million.
They're valued at $1 billion now.
They've had things going up.
I'm sure they existed.
Mark Andreessen.
There's a lot of people that are on there that I've never heard of Clubhouse until I started being with Valutaine less than six months ago.
Sure.
It was when I heard about it.
And you said, oh, you invited me.
You said, here, enjoying the desk.
It was like three months ago.
Yeah.
But that is the platform that Elon Musk invites Vladimir Putin to do interview.
Pretty intense.
So those are the three things.
Elon Musk, a rock star, Vladimir, no social media, and the rise of Clubhouse.
By the way, if you can get in Clubhouse, get in Clubhouse because right now it's only worth a billion and they're going to go.
This is an idea that could go to Clubhouse.
If you can get in investment-wise, I'm not giving recommendation.
I'm just saying, if you similar to a Bitcoin, similar to any of those things, take a look at Clubhouse in a different way than just a platform.
Well, let me tell you this.
Even if it's $5,000, $10,000, $20,000, $50,000.
I asked you recently, Pat, who would you love to interview that you have never interviewed?
You said Putin.
You said Putin.
Yeah, of course.
Why Putin?
When did I tell you that?
A couple weeks ago.
Why not?
Two weeks ago.
KGB.
Why not those stories?
Oh, we've reached out to Putin already.
We talked to their camp.
We talked to their camp regularly.
I know this Beatrix David Matt.
And we'd like to do a live interview.
It wouldn't be a Clubhouse.
Why would you select Putin out of everybody in the world?
I think he is the most powerful man in the world today.
Wow.
I don't think it's Biden.
Most powerful.
Are you kidding me?
Over the Chinese president?
Guys, over she.
Over here.
Let me put it to you this way.
Strategic.
Okay.
So don't take away.
What's the best way to put this?
Okay.
Has Popovich ever had a Kobe, a LeBron, a Jordan, a Shaq, a Kareem?
Has he ever had a player like that?
Almost Duncan.
Duncan's not a top five, though.
Okay, no.
Okay.
So, would you put Duncan top 10 or top 20?
No, top 20.
I'm with you.
Okay, I'm with you.
But he's never had.
Arguably best power forward ever.
This is not a powerful debate.
This is about he never had a Michael, a Kobe, a LeBron, a Shaq.
Okay.
A game changer.
So who had two of them?
Who had three of them?
Philip.
Phil had three of them.
Twice.
Let me ask you this.
What if you take those three out?
I don't know what Phil would be.
And what if you gave those three to Pop?
I don't know what Pop would be.
I don't know what Lenny Wilkins would be if he had a Lenny Wilkins.
Lenny Wilkins is a thousand-win guy.
I don't know what Larry Brown would be.
We don't know this kind of stuff.
Wow.
Take away the country of China, Russia, U.S. Take purely leadership.
Don't take resources.
Of course, China and U.S. resources are ahead.
Who's the best strategist amongst those three?
You kidding me?
Putin will do laps between those two other guys.
Yeah, and it's his KGB background.
I mean, wouldn't he like to die with that?
He would do laps.
Okay, if there's a fist fight, who wins?
Putin.
If there's a street.
Wait a second.
Biden's got a crutch in his hand or a cane.
Does that count for you?
Biden will sock that guy right in the chest and it's over.
You guys are so funny.
No, Putin is a pretty good guy.
I'm taking Putin in a fight.
Well, it's Putin because who poses shirtless?
It's Putin.
Putting poses shirtless on top of a horse and he's just like, hey, you guys want to do something?
Is any of that just for show, for optics?
I highly doubt that.
Now, listen, man, you can't be a so listen.
Every country has dirt in it.
I mean, dirty politics.
Which country you think is got dirtier politics?
Russia.
Okay.
Can you imagine surviving and leading a dirty politics country type of a thing?
You have to be able to know how to play it again.
He's been the president for 20 years now.
How do you do that?
How do you do that and maintain power for that long with the business?
How many people want to throw you under the bus and he still maintains it?
You got to give the guy all the ogal arcs in that country.
All the people that are.
By the way, I'm not endorsing the system.
Don't take it as an endorsement.
This is not an.
I'm just telling you, he is the most powerful person right now.
Wow.
Yeah.
So that's your selection of who you'd love to see.
So now I got a weird question for you guys.
I got a weird question for you guys.
Here's my weird question for you.
So we just talked about the era of old people.
Then we talked about Elon Musk.
And we talked about Elon Musk inviting Putin.
Then you said every day Elon Musk is relevant.
Okay.
Is Elon Musk one dumb tweet away from being suspended and permanently suspended from Twitter?
That's the question.
Okay.
Well, you want an answer, right?
I'm curious.
I'm going to say no.
I would say he's got more leash than one dumb because he's good for Twitter.
All right.
Every time you hear about Elon being in the news, it's because of Twitter.
Trump was bad for Twitter?
For Twitter, business-wise.
Okay, I'm just answering the question you asked.
I do not believe he's one dumb tweet away.
I think he's earned enough equity where he could have two or three.
Meaning he's not dumb enough to do it, or he has the Saint card that he'll be forgiven.
Both.
He's clearly not that stupid where he's going to do something like that.
Can I make two other points about Musk real quickly?
Number one, it was 11 degrees in Moscow yesterday and 8 degrees in Austin, Texas.
So maybe he wants to move there.
Who knows?
That's why he called Putin.
Number two, though, seriously, you know, you think about social media influencers or people that have influence, that have a following that people respond to.
What do brands do for them?
They bring them money, so they post, right?
It pushes the brand, makes them money.
Elon Musk is immune to that, like an insider trading situation.
Hey, can you do one tweet on my company?
It'll blow up.
He's already the richest person in the world.
There's no financial benefit for him individually to ever do something because you'd always ask yourself, when you have that much power and that much sway and so many disciples that will do whatever you say to do with a five-word tweet, are you susceptible to being bribed, insider trading, taking something that's unethical or doing something and using that power in a negative way?
He could never do it for financial reasons because he doesn't have to.
He's already the richest guy in the world.
Would Twitter ever ban Elon Musk?
That's the question.
Yes.
It's a two-pronged question.
One is, would he ever post something dumb enough that would jeopardize him staying on Twitter?
And number two, would Twitter ever have the audacity to say we will permanently ban if he does do that?
Just going on track record, I'm going to have to say yes.
Why would I say yes?
Number one, he's done some stupid stuff that has moved.
Look, for all the kudos that were given Elon Musk, he's also done stuff that has hurt the brand and the stock.
Like, I could see either the, you know, board of directors or even self-imposed being like, dude, put down the Twitter for a second.
I could see that.
He went on Joe Rogan podcast, smoked a blunt that did not help the company.
I could see that thing.
And then if Twitter has any track record for silencing voices, especially more conservative voices, politically, I think that Elon Musk is center right, right?
I don't know how far right he is.
He's certainly not a leftist or anything like that.
I think he's more center right.
He's obviously a capitalist for sure.
Can I see him saying something so outlandish or so from his perspective, what he thinks is right, but the leftists, whoever's controlling Twitter thinks is wrong?
I think it could happen.
Do I want it to happen?
Am I rooting for Elon Musk?
Am I rooting for his companies and space travel?
Hell yeah.
But based on track record, things that he've said and what Twitter has done or social media has done to right-leaning voices, it's possible.
Yes.
What do you think?
So here's how I process this.
Here's how I process this.
When you get a person like that that is that eccentric mind nonstop working, you know, take Mark, take Howard Hughes, okay?
And take Tony Stark, the character, Howard Hughes, real character, Tony Stark, you know, fictional character, Iron Man, right?
Robert Downey Jr.
Okay.
There was a part about the girl that plays in Iron Man that, dude, just shut your mouth and stay down here.
Don't say anything to the media.
I don't know if you remember that relationship with.
Yes.
Yes, where she's kind of like, dude, just don't say anything.
You get in front of the mics like, oh, screw it.
Here's what I'm doing.
You know what?
We're going to.
Dude, just be quiet, right?
Does Musk, like, is Musk the kind of guy that behind closed doors, you tell him not to say something he won't say it?
I don't think so.
I think if Musk wants to say something, he'll say it.
Now, let me flip it.
So, so I do think there's an element of that.
Let me go to a different direction.
Howard Hughes, is there an element of Musk that he could get bored out of his mind that he may want to do something crazy?
I don't know.
You know, he's going to, in his brain, like, he sees things that the world doesn't see.
He sees the world from a different place.
But I'm a neural link.
But I'll give you the last one here.
I'll give you the last one here.
Why I don't think it would happen.
Here's what I don't think it would happen.
I don't think it would happen because he came from the PayPal Mafia community and that entire community is all connected.
Okay.
And they all work together.
And somebody would make the call and say, Elon, just so you know, you're going to get a slap and we're going to have to suspend you for like a day or something.
But you're going to get back on.
Just don't do that again, bro.
Like, you ain't helping yourself.
Okay.
You know, and then he's going to go back to what he's doing because he came from that.
So where are we going with this?
We're going with, what do you call it?
People that have been suspended on Twitter.
Kai, you may want to move the screen because the screen just blacked out Kai.
Kai.
It says HDMI.
So, okay.
So Trump, he got banned from Twitter.
Right.
Do you give credit to some of these guys, Elon Musk, for knowing how to build allies?
I don't know.
Because a part of this is also having allies.
Did Trump have any allies in Silicon Valley?
I don't know if he had any allies.
Peter Thiel?
No one public, though.
Peter Thiel is not.
He's influential, but he's not as influential as some of these other guys that are the, you know, Dorsey, some of these Zucks, some of these guys.
Right.
Okay.
He got close to Tim Cook.
If you remember, Tim Cook came in.
But does Tim Cook have more power than Zuck?
Does Tim Cook have more power than what do you call it?
Dorsey?
When it comes down to influence?
When it comes down to influence?
I don't think so because Trump doesn't need an app.
Like Apple's power is in the app.
Like we will not let your app beat there.
But Trump's power is he needs to communicate through what?
Twitter or a Facebook, which is a platform.
Apple's not a platform.
Apple's a company that doesn't.
You can access those platforms through your phone.
Yeah, but that means Apple would have to ban Facebook and they're never going to do that.
Apple would have to panic.
They are on a little tiff right now.
They are, but it's different to communicate.
There's no way Apple would, if they ban Facebook, it would be insane if they did that.
Trump's a bit of an outlier, though, because we're talking about a guy.
I mean, what they said he did, starting an insurrection and a riot in that.
And there's a difference between that and whatever Musk or anybody else is even capable of tweeting, right?
I mean, something that ended up with the Capitol being stormed is a little bit different.
You know, he's got so much influence, Musk.
I think Twitter's got to be afraid of him, number one.
And number two, couldn't he just snap them up or put them out if he wanted to or really seriously hurt them if they did something to him?
He's a $200 billion guy.
Twitter's a $40 billion company.
I'm going to come and buy you and you're out.
But Dorsey is a guy that wanted to be a fashion designer.
So Dorsey's also not the guy that wanted to be a billionaire.
Like Dorsey doesn't give a crap about being a billionaire.
Dorsey's not the, you know, the billionaire.
Dorsey's a business.
He's growing a homeless man.
He's not.
He's not at all the guy that's like the typical, I'm going to go take over the world.
That's not Dorsey.
You're saying he's like an accidental billionaire?
No, he's actually a, I think deep down inside, has an activist bone to him, and he really disagrees with some of the philosophical views, even if it cost him $5 billion or $2 billion.
I don't think he cares.
He has principles, values, and principles.
I think he's a true believer.
In what?
In what he believes in.
I think he's a true believer in what he believes in.
Even if it costs some money.
Let me circle back to the Trump and your initial question.
You know, allies, allies.
The problem with Trump is.
By the way, if you're enjoying the dialogue with the way it's going on, the podcast with the three of us here today, and this is your first time joining us on the podcast, you have no clue what's going on, but you're liking it.
Smash that subscribe button.
Once we get to 100,000 subs, we're considering doing this possibly three times a week.
Once it gets to 100,000, we got 53,000 more to go.
But go ahead.
You were talking about allies.
Shout out to Martin Mirage.
He says the PayPal mafia over the soyboy mafia.
I don't know about that.
I don't know about that.
These days are.
If Adam's wearing those shorts, he'll retreat.
He'll run away.
That's a good point.
Submit.
Did somebody post a picture of his shorts or not?
Let's get that out there, guys.
Let's get that shit.
It's the shorts he wore when he played.
They might ban that shit.
We almost got kicked out of the building.
You want to call me?
When Udonis has dunking on him?
That's the shorts he was wearing.
Yeah.
The old school, old school 50s NBA, 60s NBA.
George Michan, all the way to the top.
Job shocked him.
So back to allies.
Back to allies.
And this is like, I can't believe I'm referencing something my mom would tell me in kindergarten, but she would tell me with the voice.
With the voice, I'll do it.
She would say, to have a friend, you need to be a friend.
To have a friend, you need to be a friend.
So I was like, all right, let me, I got to be a friend to you.
If you're going to be a friend to me, the problem with Trump is he uses you, he chews you up, and he spits you out.
Anyone who's left that team or whatever you want to call it, the cabinet, in, out, in, out.
I mean, we can go down the list.
I'm just going to, you know, go off the cuff here.
Rex Tillerson was there, does not like him now.
Anthony Scaramucci, your boy, was there for like a hot seven days, out.
What's my General Kelly?
In, out.
I mean, Omarosa.
Omarosa, in, out.
You don't hear those stories about Elon Musk.
You don't hear, oh, I worked with Elon and he was a piece of shit and he's fired me.
You don't hear those.
You hear those about Trump.
So you talked about allies.
I think, to your credit, to your point, Trump, Musk makes a call to whether it's a Dorsey, whether it's a Zook, whether it's a Cook, whether it's a Benioff, whatever it is, and says, look, man, this, that, this, that, yeah, let's work it out.
You know, intermediaries.
Takes a friend to be a friend.
I think he's got true allies.
Where Trump, his legacy is he'll use you, abuse you, and then spit you out.
I mean, listen, there's proof to show that that did take place.
And there's proof on Elon as well.
Elon's created a lot of enemies in a different way.
Steve Jobs had a lot of enemies where I don't know if you've ever read the book Accidental Millionaire, not Accidental Billionaire.
Accidental Millionaire was written in the 80s, maybe early 90s.
It's a fascinating book.
But you know what?
The book is actually written in 95, I believe.
Not the millionaire next door.
No.
Different book.
Accidental millionaire.
Kai.
Can you pull up Accidental Millionaire?
It's just Apple's old logo, the rainbow logo, book.
Accidental millionaire book.
I want to know when it was written.
Nice.
Shout out to Kai's spelling.
He's doing great.
Go to Amazon.
Go to Amazon right there.
No, go to Amazon.
Yeah.
Click on that.
There you go.
See if it comes.
That's not the book, though.
You see, that's the thing.
No one can find a book.
Go back.
Oh, there it is.
That's the one.
Look how many reviews it's got.
Eight reviews.
Lee Butcher.
Okay.
What's going on here?
This book, go down to see when this book came out.
Go down.
I mean, who reads this book?
Only 1987, this book came out.
The entire book is trashing jobs.
No, seriously, the entire book is trashing jobs.
Who's it written by?
By people that got fired by him or let go by him.
So Jobs and Trump had a little bit of a thing.
And, you know, Jobs was like in the middle of: if Musk is here, Trump is here.
Jobs was here.
Because Jobs had a little bit of Trump going in him as well.
But can you tell me, when did Twitter come out?
When did Twitter come out, Kai?
Exactly when did Twitter come out?
07?
Because the question is going to follow up with when did Twitter start?
06.
What year?
06?
Okay.
When did Twitter first permanently ban its first user?
Ooh, good question.
So 06, they got started.
When do you think was the first time they permanently banned a user?
I'd love to get our audience.
I'm curious.
Let's get the audience here.
Don't Google it.
Don't be that guy that Google doesn't do it.
Oh, I got the right answer.
Like, who do you think it is?
Yeah.
When do you think the first time, not the first person, but first time they permanently banned somebody?
Isn't the first time the first person?
Yeah, but not the name.
I'm not looking for the name.
I'm not saying the next year because right away, soon.
I'm just saying.
So you're saying 07.
Within a year, just because someone's going to do something so stupid.
Got it.
What would you say?
I'm going to take the other side of that.
I think it's like more recent history.
I think it's like 2014.
Okay, so you're saying eight years later.
Kai, do you already know the answer to this question?
So I'm not going to ask you.
Paul, when do you think was the first time Twitter, after being around 2006, when is the first time they banned somebody?
You know, I'm going to go with 2009.
Okay, by the way, Paul wins because it's 2010.
Okay.
It's December 8th, 2010.
They banned Operation Payback, handle a non-underscore operation, anonymous hacktist campaign in support of online piracy and WikiLeaks.
Permanently banned.
Okay, so that's why they banned him.
The next one is Courtney Love, January 2011.
Yes.
Courtney Love.
Yes, Courtney Love, American musician and actress, was banned permanently, original account, days after fashion designer Don filed a defamation suit against Love over tweets made on March 17, 2009.
It was the first high-profile defamation trial over celebrity comments on Twitter.
Wow.
Love now uses a different account, Courtney.
She's on, back on, but her first hand.
And behaving.
And behaving, but the first one was gone.
So then it's another guy that happens in 2011, a Norwegian far-right terrorist.
No joke.
Oh, God.
And perpetrator, 2011 Norway attacks.
How do you say something?
Andres?
Bering?
Is that the guy that went to the summer camp?
Yes.
Oh, it's coming.
His account was hacked by anonymous.
He said they would.
Oh, God.
Okay.
So, so then you go with some names that they have.
Obviously, Anonymous.
I don't know if you remember Anonymous used to do those videos before with the mask.
Do you remember?
They used to be big.
Everybody used to follow.
You don't see a lot of them now.
And then Hamas was taken on in 2014.
Phil Mason.
Hamas, the Palestinian.
Yeah, exactly.
Military wing of Hamas.
Is Ad-Din Al-Khazam Brigades was taken down.
And you got a bunch of different names that they're going through, right?
So, you know, PewDiePie was temporary suspended for pretending to be a member of ISIL.
What?
I mean, you have to be a fool to do that.
But the PewDiePie, 100 million subscriber, acted like he was a member of ISIL.
Yeah, obviously, you're going to get taken down for that.
And then Jack Dorsey was taken down November 2016 after restoring his account.
Dorsey tweeted the suspension was due to an internal mistake.
The founder and CEO.
They found him down.
I bet you one of his own employees played a joke on him and suspended him.
That's a great story.
So, anyways, then you got a bunch of different stories on what it is, right?
I mean, you got a bunch of different stories that you can go through on who it is.
Roger Stone got banned permanently in October 2017.
So the names you're looking at are relatively reasonable.
Candace Owens got temporary banned August 5th, 2018.
You got a Sabo was permanently banned street artist.
Chris Peranto was temporary banned, okay?
September 8th, September 10, 2018, using the words retard in a hashtag.
He says, you're an idiot.
And he uses a line from the movie Tropic Thunder.
Never go.
Full over time.
Yeah, so the hashtag, it was temporary.
Everybody know that.
Everybody knows that.
James Woods, who, if you don't know, James Woods is a big Twitter user.
Anything with InfoWars.
By the way, look at this.
It's like 15 accounts they took down.
Is James Woods permanent?
No, he's not.
He came back.
It was temporary.
He came back.
I'd love to have that.
He's an actor.
Yeah, you know, and you got a bunch of different names.
By the way, James Woods was temporary banned a few times.
It's not just once that he went through it.
And then you lead to Trump.
And then now you got, you know, Katie Hopkins that is permanently banned.
I don't know if you guys know who Katie Topkin says.
Candace Owens a couple times.
And recently was O'Keele.
Charlie Kirk temporary.
David Icke permanently.
And you got Don Bongino temporarily.
Michael Flynn permanently.
Sidney Powell, Jim Watkins, Ron Watkins, all permanently.
Do you think there is a trend of consistency or extremes?
Thoughts.
You know what?
I'm going to just be a rational human being here for a couple seconds, and I think it's consistent.
I think whenever you do something, you got to know what the rules are.
And if you want to play with fire, you can get burned, okay?
So I don't have a big problem with it.
It's a huge platform.
They're going to have to police it some way.
And if there's people doing things that they shouldn't be doing.
Now, you don't want just immediately, this is company policy.
Anybody that thinks a certain way has no chance to proclaim their voice on our platform.
You don't want that, obviously.
But from what you just read, it seems like they've done something to probably deserve it.
Yeah, I thought it was going to be a list of conservative names.
I didn't think it was, A, you're going to go back this far to Courtney Loves of the World.
I just, one of a big-time rapper, Talib Quali, I saw him on the list a few times, permanent ban.
I thought this was going to be a list of right-leaning conservative voices.
Oh, they're silencing the right.
They don't want to hear the truth.
I thought that that's where this was going.
But in actuality, they just want truth and not misinformation.
I don't think it's truth.
I don't think it's truth because you have to be careful when you say truth.
Is it your truth, my truth?
Some things as opinions.
They don't want blatant lies or manufactured stories.
And then you would take 30% of your guys out.
I mean, if it's blatant lies, you could take 30% of the guys out.
I think what they're looking for is insinuating or trying to create fights or, you know, getting— Incitement?
Yeah, that's what you got to be careful with, you know?
And then some of them is definition of carry.
You go after somebody too hard.
Hey, what are you doing?
Like, you can't do this.
You just can't do things like that.
But yeah, I mean, I don't know.
Look, there's a community that says they're absolutely targeting.
And there's a community that says they're not targeting.
If you look at the list of names that you're looking at here, I think there's a level of consistency on what's going on here with Twitter.
So it's not political.
It's just guidelines, whether you're left, right.
I don't know about permanently banning a president is the right thing to do.
I don't know if permanently banning a president.
You know what I would have done?
Here's what I would have done.
Look, you, like, for example, we have guys that sell insurance.
In insurance, you advance, right?
Meaning, I give you 100% advance.
Okay, you get a $200 a month policy.
Typically, insurance companies will advance you six months, nine months, 10 months, 12 months.
So if I do $200 a month, $2,400, say it's the target premium, I give you $2,400 up front.
You're at 50%, you make $1,200.
Okay.
That's insurance.
That's how it allows insurance guys to stick around because they're making money upfront.
But if your quality of business sucks, we take that away.
So you get a $200 check from a client, then we only pay you as earns, which means what?
You cut a $200 check, you get 50% of what?
That $200, which is what?
$100.
You'll get the other $200 next month, and it goes as earns.
I would have done 100% of your tweets have to go through a screening process, approved, goes out for six to 12 months until we feel confident, and then we'll take it down.
That's what I would have done.
I wouldn't have gone full out the direction that went.
And guess what?
If 100%, and some people say, well, we don't have that kind of staff, it's one person they do this with.
It's a president.
You make an exception.
You make one person's job is to sit there with a committee of four other people.
Two of them are conservative.
Two of them are liberals.
One of them is independent.
That's how I would do it.
Too liberal, too conservative, one independent.
Hash it out.
This one can't go up.
This word needs to change.
And then you have an approval process.
Are you comfortable changing this word or does tweet cannot go out?
Trump did tweet a lot, though.
That'd be a lot of tweets to look at.
Well, you got five employees that handle one account and it's the president.
It's not a big deal.
It's five times 100 grand, half a million.
I bet you there's a lot of people that wish that Trump had some sort of vetting process in his four years of presidential.
Freedom of speech.
Look, I think the smart move is.
I think the smart move for Twitter is say it's six months ban, then you can try to come back.
And if you misstep, you're gone for good because look at the publicity they'd get in six months.
Everybody's waiting for that first tweet.
What's he going to say?
Yeah.
Yeah.
There's many ways you could have done it.
They had their own reasons.
They did what they did.
So, okay, Parler is back.
Okay.
Parlor announces it's back online with new hosting service after a month of being offline.
The social media platform Parlor relaunched.
On Monday, the company announced that the site was up and running with a Tea Party co-founder serving as interim CEO, Mark Meckler, an attorney, political activist, the founder of Tea Party Patriots, replaced former CEO and co-founder John Matzy, who was fired by the company's board earlier this month.
Parlor, which has more than 20 million users, was first launched in August of 2018, is currently back online for users and will be available for New Year just starting next week, according to publicity available.
Who's data?
The domain is registered with Epic, which also hosts Gab, another far-right social media platform.
Last month, Amazon Web Services decided to suspend upstairs social media platforms to federal moderate.
Egregious, Apple, and Google have previously suspended Parlor from its app stores.
Earlier this month, Parlor's.
Okay, so thoughts on this move taking place?
I'm not into the extreme movement on either side, so they don't interest me.
I'm not interested in Parlor.
If that company had a brand like what they're perceived as, as maybe someone that's objective and looking at it.
So you mean to tell me for a guy that's as active on social media as you are, like you use a 24-7, you're not on Parlor yet?
Like I said, I'm going to approach this as a rational human being.
And let me get back to my point about their profile.
Touche.
Parler, I look at them.
If you were to describe them, they're weak.
They're a sad story.
Tough luck.
You know, their ex-CEOs going on the rounds complaining about getting fired.
You're going to have X amount of people that are going to want this where they can only speak their views.
And the only people listening to them are the exact same people.
It just should be called clone.com or something.
I'm just not into it.
I don't think they're ever going to be anything that's a huge factor.
And especially right now, when the Republicans don't have as much say nationally, I just think they're not that relevant.
And the fact that they're trying again is great because they were big in the news a little while ago.
And that's good, I guess, that they found a place that they can actually live on some platform.
But I just don't look at them as this is a little burst in the news.
We won't be talking about them in two weeks.
Question for you: 20 million users.
What percentage are mega?
I'm going to say far-right people are 85%.
Okay.
Would you agree with that?
Yeah, I mean, more, maybe?
I don't know.
Who in here is on parlor?
Anybody on parlor?
Are you on parlor?
I mean, I set up an account from.
Have you ever posted anything?
No.
Have we ever posted anything?
I didn't even know we had to set up an account.
You just did it to protect the name so nobody comes and takes account.
Yeah, we've never posted anything.
You're not at all.
Not on Parlor, Eduardo.
Sam, maybe.
No.
Okay, got it.
So 85% conservative.
Who said that?
Is that my guess?
You know what?
Can you research to see what percentage of Parlor are MAGA?
It's probably more than that.
But go ahead.
So your thoughts on what you're talking about.
Just a couple different things here because this is a pretty winding story.
Number one.
I thought for sure you were active on them.
No, surprisingly.
Let me just shock you.
Let's start with Tom.
I could use Tom as sort of like a barometer for like, how far right is this?
How center is this?
Because if we've learned anything from Tom, Tom is center right.
Obviously, big Trump advocate.
You were, you know, 33%.
You were thought he'd still be president.
You know, I'm just quoting you, bro.
Yeah, but just quote you, bro.
Point is, Tom, but he also has, you know, common sense and sensibility.
And he's from the Midwest, and he's got, you know, that Minnesota nice vibe going on.
So if it's too far right for Tom, that signals to me, all right, this thing's going a little right here.
At the same token, something, and we've said many times here, the riches are in the niches.
This is like the Fox News or the OAN for social media.
So if you want to kind of be in a far right echo chamber and only hear things you agree with, go hang out on Parlor because there's going to just, you know, they're going to be stirring the pot of everything that you already believe.
They're not going to tell you anything that you don't want to hear.
So another thing that we talked about was who they're going to kind of bring in to be the CEO to make friends with the big tech of the world.
I don't know if this guy, Mark Meckler, who is the founder of the Tea Party Patriots, is going to be the guy to kind of lead them into the promised land.
So something that Pat always asks is, who do you want to be?
Who do you want to be?
Do you want to be a mega social media platform like a Twitter, like a Facebook, like an Instagram that has all types of voices and debates and a lot of different opinions going on?
Or do you only want to be a far-right echo chamber?
Who do you want to be?
If the answer is, we want the MAGA crowd and we just want to MAGA it up all day, then you have your answer.
If you want to be bigger, then go a little broader.
Yeah, you know what?
I said that they'll be irrelevant in two weeks.
Let me rehash that.
I think they'll be irrelevant in one week because when you go out and you hire as the CEO the former leader of the Tea Party, are you kidding me?
That'd be like the Facebook board kicking out Zuckerberg and bringing in the founder of MySpace.
I mean, it's what?
The Teak Party?
I mean, they don't even exist anymore.
That's exactly the direction I was about to go.
Okay, so where Tom just went right now is exactly the by the way, FYI.
Is it fair to say when Tom started, he was further right than Tom is today?
Can we recognize this guy?
Okay.
And is it fair to say that when you first started, you were further left than you are today?
Would you agree with that?
Yeah, a little bit.
Don't say a little bit.
When you first came, you were way, way different than that.
I had to put down my Antifa outfit and then join the podcast.
By the way, if you see a trend here, this podcast, what it does is it brings us more center and a little bit more to be able to reason and see arguments.
I mean, that's the outcome.
If you think what's going on, we're becoming a little bit more reasonable.
You hear that, folks?
So you said something.
You said, I don't even give him two weeks.
I give him a week.
How do you bring the former leader of Tea Party, et cetera, et cetera?
Okay, so when they fired a board, were you on it or was it somebody else when we talked?
Who Tom wasn't here?
Who was it?
It was just me and you.
Okay.
When they fired the CEO of Parlor, who's like 32 years old.
They fired him.
So at that time, I said, okay, we're going to find out.
We're going to find out in the next few weeks whether the board is smart or the CEO is smart.
Because that was really outside.
We're going to find out.
So I thought the board was going to go get a center CEO to show the AWS services, look, we're the board.
We're just the money guys.
We are willing to go this direction.
But they came back and they doubled down and their true belief system, which is what?
No, we're going to bring a Tea Party.
We're even going to go further right and here's what we're going to do.
Guess what?
You have a choice to do that, but so do they, okay?
They also have a choice to say, no, we're not doing that.
Let me explain why.
Let me explain.
Let me go a little bit deeper.
Is Parlor a nonprofit?
No.
Is it a charity?
No.
Is it a 501 seat?
Is it a 501 seat?
Okay.
So when Facebook got started, was their outcome to drive more socialistic philosophies?
No.
When Facebook got started, what was the idea?
It was called the Facebook.
They want to raid hot chicks in your college.
Well, no, the Facebook was the name of Harvard's your book.
That's what's called the Facebook.
So when you go to Harvard, their yearbook is called The Facebook.
So originally it was called The Facebook, and they went through what they did, and their main focus was what?
Going through Ivy League students.
So they went to different Ivy Leagues.
Then they opened it up to universities.
And after universities, they open up to who?
The world.
It wasn't a political agenda.
It was just, hey, here's what we are, right?
MySpace, same thing.
Twitter, same thing.
You go through all these.
This is started politically.
So this is specifically politically.
So here's my question.
Do you think a socialist would even think about getting on parlor?
I don't know.
Do you think?
Not unless they're looking for a fight.
If they're looking for a fight, a different story.
But do you think someone's like, let me go in there because there's a lot of audience that's going to be willing to share my content?
No, you're not going to have that.
So, you know, I was hoping the board would have.
And by the way, they have some smart people part of Parlor.
They don't have dummies on Parlor.
These are smart, intelligent people that have done pretty well for themselves.
But to go this route, I thought this was a second chance.
I don't know what's going to happen with Carter moving forward.
I actually think that they're – I actually disagree with Tom on the one-week, two-week thing.
I'll tell you why.
They're carving their niche, man.
Like I said before, the riches are in the niches.
They said, we can't compete with the Instagram, with the Snapchat, with the TikTok, with the Twitter.
We're here for the right-leaning people.
That is why we exist.
We have political commentary.
That is our brand.
That is our vibe.
Run with it.
If we need to go find different Amazon web services, go with it.
Now, me personally, I'm not hanging out on Parlor.
I'm not advocating Parlor, but I understand the methodology that they're going.
I mean, it shows it here.
Like, they're like, no, you're going to ban us.
We're going to go bring a conservative Tea Party guy, and we're going to go further deep.
I get that.
But that's who they want.
I get that.
But you have to realize.
Okay, so maybe let me give you a different.
Okay.
So let's show it this way.
Okay.
This is the Silicon Valley mafia.
Okay.
This is your belief system, okay, of where you are, right?
You are far away from each other.
They don't like you.
You don't like them.
You think they're bullying you and silencing you.
You think, you know, they're idiots, socialists, whatever you want to call them.
There needs to be a mediator, okay?
The mediator is the CEO that reports earnings, reports what's going on, communicates with these guys, gives them a little peace of mind.
And at the same time, guys, I want to execute and grow the company.
If you get a CEO here, fine.
I get it.
But you go and get a far-right T. Like, I don't understand.
From a CEO standpoint.
Buddy, the CEO has to be able to, like, I have to be able to work both with the field and protect them, but I have to work with the carriers for carriers to know I'm responsible.
And I have to work with my investors.
And I have to work with my employees.
Can you imagine if it's just like, no, nobody at the field knows what the hell they're doing.
No, carriers are dumb.
And no, home office.
I just don't understand the logic behind that.
I don't get it.
I'll make one more point here.
I look at parlor as an app and a social media platform that was created from emotion, right?
We want to have our own, our own place we can go.
And I think what this is showing you that these guys over here that are the social media mafia, they will control where you're allowed to even put that up.
I mean, there are so many obstacles for you if you want to do it for that.
And think about any successful Silicon Valley company.
I mean, they're there to make money.
These guys are so smart.
They graduated from Harvard, Stanford.
I mean, these are the brilliant, most brilliant people on the planet in some areas.
These guys aren't out to make money.
They're just, like you said, an echo chamber.
I think they're not even, it's not a good business model.
I think they'll be out of business in less than a year.
What's different between, and I don't know from a CEO standpoint, I mean, we can talk about what's difference between what they're doing and what Fox News decided to do years ago.
Everyone's on the left.
CNN, NBC, ABC, let's go right, baby.
And we're going to control that audience.
No, But I don't know what Roger Ails and those types of things.
What's the difference between these guys and those?
It's a very different climate.
Look, when the climate changes, this is not, you know, climate change.
When the climate changes in any industry you're a part of, you have to also anticipate and be prepared for it.
Things change.
Products change in the insurance industry.
Regulation changes in the security.
You cannot say, I don't care about the new regulation.
I disagree because here's what I'm going to be doing.
No, no, it's a different climate.
Today, it's fair to say the biggest web services is controlled by who?
Bezos.
Listen, I don't care how much you dislike the guy.
You have to go through AWS.
Okay.
If you say, you know, I don't care what they're going to do, we're going to put our apps on, you know, a Metro PCS.
Dude, no one uses Metro PCS.
You need to be on Apple and Droid.
I don't care what anybody else says.
You know, we're going to, no, no.
You have to be wiser about your moves.
Let me give you a proposal.
If I was sitting on the board, if I'm on the parlor board, here's what I would have said.
Guys, we have to go win the trust of who?
Silicon.
We have to win the trust of our users, who 85% are what?
MAGA.
Far right.
Far right.
It's fine.
We have to go earn the trust of the regulators who are Silicon Valley.
We have to win AWS.
We have to win Apple.
We have to win Droid.
Here's what we're doing.
We're going to go out there and say, after extreme investigation, okay, we hire teams to come and investigate everything.
We have deleted 117,000 tweets and we have suspended, you know, not tweets, messages, and we have suspended 1,943 users on parlor who use the following things and we have them.
They've been permanently banned.
Okay.
You come out and say, we're responsible.
Look, when early stages, when I'm running the insurance company and we had certain people that had bad quality business, I publicly went and told carriers, here's why I terminated.
Here's who lost contract with us.
So then I went to the field because they have to now go to MAGA and they're going to say, you guys have been, you, you flipped.
This is all about money for you.
You don't care about the message.
You're not about freedom.
You don't care about Trump.
You don't care about this one.
Trump was doing.
So because you could lose your backlash.
You have to go to them and say, guys, listen, moving forward, we just can't do this kind of stuff.
This behavior, I don't care who it is.
If it's my own family, I have to make a decision and take a stand.
We're building a company.
And do we want this company to be in business or to be out of business?
We want to be in business.
The following criteria we cannot do.
If it happens, we have to terminate you.
We're making it very clear.
This is how it's going to work out.
If you do this, if you do this, if you do this.
Freedom of speech doesn't mean I can go out there and say anything I want.
I'm going to take this person out.
Let's go.
No, there's levels to freedom of speech.
Now, opinion, fine.
Inciting, you cross the line.
So I think if they took that plan and said, hey, very simple PowerPoint presentation, here's what the board has done the last four weeks since Parliament was taken on to show responsibility to the marketplace.
One, this, two, this, three, this, five points we're going to talk about today.
Then let the market say, oh, wow.
And we brought the CEO and we have co-CEOs.
We have this CEO from this side.
We have this CEO from this side.
There is ways for these guys to say, let's give him a second chance.
And then you go from there.
I think they missed the mark.
I'm going to make a prediction and a point here.
The prediction is they will 100% be out of business within a year.
They will no longer be around.
There is no parlor within 12 months.
I guarantee you.
I feel so confident that if they are still in business in one year, I'm buying everyone in this office a muffin and two muffins for the muffin thief.
She gets two.
Because I know she loves the muffins.
I don't look her.
I was sleeping over there.
That's my prediction, right?
It's out of business.
This thing has to be done.
Here's why.
And I'm going to tell you why right now.
Because Trump's extreme followers aren't as loyal as you think they are.
They're loyal when he's in the news, when he's on Twitter, and he's the rah-rah guy, and you can rally behind him, and he's speaking for you.
Now he's at Mar-a-Lago.
Now he's silent.
Now you don't hear from him.
It's not his, he's not like some radical Lenin or Stalin or somebody that gets a following, this cult-like following.
He was there because he was loud.
He was saying what people wanted to hear.
He knew exactly how to push the buttons of all these people.
If he's not relevant politically, there's no MAGA.
There just isn't.
They don't care that much.
They want their country to be great, but they're not supporting that one figure, which is what he was.
Parlor has no chance, none.
Wow.
Adam.
I'd love to see Tom's prediction.
Let's circle back in a year.
And I hope I get a muffin.
By the way, I want to read a comment here.
So this person said, Vaitiman is a business venture and Patrick is just adjusting direction according to the new political reality, right?
And a couple other people are saying that Tom is caving and this person, all this other stuff that they say in here, right, that we're looking at.
Okay, fine.
No problem.
No problem.
Here's what people have to realize, what's going on today.
We've been publicly supportive of both Trump.
We've been publicly supportive of Biden in areas.
We've been publicly supportive and not supportive of Trump or Biden.
We have voted.
We voted for left.
We voted for right.
I have voted for both sides politically.
I think when you forget, like I run a company with people on the left, people on the right, people in the middle, people Christian, Muslim, it doesn't matter.
We have people from all walks of life in the company.
When you no longer want to hear what the other side has to say, you have a big problem.
Okay?
You have a big problem.
By the way, as much as we talk about these Twitter suspensions that we're talking about, if it becomes being handed out left and right freely, you're playing with fire right.
Like the James O'Keefe thing where they took the guy down.
But then you saw what he said.
If you do this, you get your account back.
And what did he say?
I'm back.
Is it fair to say that here's Project Veritas?
He shows videos of Jack Dorsey.
He throws Jack Dorsey under the bus and Dorsey still lets him stay on?
I don't know about that.
I don't know if you guys understand what I'm saying or not.
So he puts videos of Dorsey and puts videos of executives of Twitter talking about their political agenda and Twitter still keeps them on?
Why are you saying that happened, right?
That just happened.
What are you doing keeping them on?
So you understand what I'm going with this?
Absolutely.
It's saying that they're not going to just boot you for.
What I'm trying to say is if you keep, there is a very annoying aspect of what Project.
He is very annoying to people on the left in Silicon Valley.
Very annoying because he's calling all them out.
He pokes the bear.
And you let that guy stay on?
Yeah.
Yeah.
So there has to be.
Why do you think they let him stay on?
Because he hasn't maybe broken the guidelines yet.
And they've given him opportunities to come back, delete this tweet or do this and do that.
And the great.
I respect that.
What I'm saying to you is, I also respect that.
So the challenge happens when the far-right folks don't have the ability to reason.
And the challenge happens when far-left folks don't have the ability to reason.
If you can't do that, just go to a place where everybody agrees with you because this ain't the place.
Well, the Bedina podcast ain't the place that you're going to agree with everything we talk about.
This is not the podcast for you.
Go to a complete different place than here.
No, back to your point of what we're doing here: how Tom was a little further right, I was further left, or bringing it together.
You have things that you're more left on, more right on, capitalism, social issues.
You know, something that I think as a country we need to do better than is blanket statements.
If you voted for Trump, then you're a racist.
I'll never speak to you again.
If you voted for Biden, then you're clearly a communist.
You're a socialist.
I know what you are.
You're Antifa.
If you voted for Trump, clearly you hate anyone that's different.
Like, dude, relax.
Trump's a Nazi.
Dude, what are you talking about?
It's so freaking extreme to the ability to reason, the ability to have a conversation that says, Tom, I disagree with this, this, and this, but I hear you on this, this, and this.
Can we agree that da-da-da-da?
Well, Pat, you said, like, everything that you said is exactly the reason why we do this podcast.
We want to have different voices coming together and finding some commonality here.
And that's the problem in this country: the complete just, well, you this or you this.
It's messed up.
And I think that needs to be.
Yeah, look, I'm here because of the idea of America, which is what?
Freedom of speech, pro.
Second Amendment, pro.
Just look at my safe.
You can go down the list of stuff that America offers you, right?
Free enterprise, all in.
Freedom of assembly, all day long.
Go down.
Freedom of religion.
What do you want to be?
Go be at it.
You want to be Christian?
Jehovah, seven days.
Go for it.
All of those things is why many immigrants like myself are in America happily in America.
I'm going to do my part to fight to make sure those things stay in place.
Having said that, you are absolutely naive if you don't realize how much influence social media Silicon Valley have.
And by the way, to everybody on the right that complains about it, do something about it.
Parlor is not the way to go, by the way.
Parlor, you ain't.
Look, there's a saying that in business, you say, bring him in first, baptize him later.
Okay?
Too many people want to baptize before they bring him into the church.
I don't know if that saying makes sense.
Let me explain to you what I mean by that.
So, for example, I go to a bike shop the other day.
You know, I want to buy something.
I'm going to spend a few hundred dollars, maybe less than $1,000.
I said, put your mask on.
I said, I forgot my mask at the house.
I said, you guys got one of these blue masks?
No, we don't have the mask.
Go get it yourself.
Wow.
So I'm like, this guy.
So I'm like, okay.
So I go back, I get the mask.
I come back.
And I'm thinking to myself, the mask I won on Amazon, you can buy $149 for $149, you can buy 2,000 masks.
Ends up becoming $0.07 a pop for a mask.
Okay.
Your $0.7 cents just cost you $500.
That $500 profit margin to you is typically 40%.
On the 40%, you're going to end up keeping 20%.
Say $100, you wouldn't net it because you got to pay the employee sales, rent all this.
You just, $0.7, $100.
You tell me which Bitcoin, which stock that you spend $0.07 gives you $100.
Not one investment is going to give you that, right?
Okay.
So let's just say you are anti-mask.
Let's just say you say this is stupid.
Nobody should be wearing a mask.
We're such followers and sheeps.
Okay.
Say you believe that.
Fine.
Is it worth you not having a box of masks there to allow a liberal who wears four masks to come in that spends a thousand?
Do you care politically where a person is if they're going to do business with you?
No, that's called capitalism.
If you only want to do business with Republicans, that's your business model.
Fine.
If you only want to do business with Democrats, fine.
When AOC put her sweater up, said what?
Tax the rich for 68 bucks, Kevin O'Leary bought it.
And Kevin O'Leary said, look, even a socialist eventually becomes a capitalist.
He did a video and says, hey, AOC, why don't you contact me?
I'd love for us to start a business together.
I'd invested these sweaters here.
Let's do something together as a capitalist.
He's taking a shot at her, but even an AOC understands she's willing to sell that sweater to a Republican.
She's willing to sell that sweater to anybody, right?
Okay.
So invite him first, baptize him later, right?
Invite him to the church, baptize him later.
Sometimes if your platform is only one side, you're not going to baptize and convert people.
The name of the game is converting.
The name of the game isn't talking to people who already agree with you.
The name of the game is to convert people.
Any platform or leader that converts, that's a leader.
Any leader or platform that's just talking to the same audience that's agreeing with you, you ain't making any kind of a change, by the way.
Everybody agrees with you.
There's no influence being made.
And honestly, to be honest and take this even to a different level, you're actually copping out.
You're actually weaker.
I don't know if this makes sense.
So, okay, so for the Christian community, where did he go to want to baptize people?
You read the Bible.
Where did he go?
Where did Jesus go?
Did he go to where everybody agreed with him?
You go to the best salesperson.
Where do you go?
Do you just go and talk to your customers?
I went to an office one time.
You know these companies that they do, the trashes, they recycle.
What do you call those companies?
Landfills or something?
What is the name of it?
There's a name of it.
No, it's actually a big, it's a multi-billion dollar company that recycles papers.
We have them ourselves.
I don't know the company.
We have a big contract with them.
Anyways, so I go into the office and the vice president of that office invites me in and I'm speaking to their guy and says, can you talk my sales guys?
I'm trying to figure out a way to improve my sales guys.
I said, great.
So I sit up and I said, okay, out of your calls that you, how many calls you make per week?
They give me the number.
I said, how many are to existing customers?
How many are to new customers?
Oh, 95%.
I'm like, okay, 95% to new customers, right?
Oh, no, no, no, no.
95% to existing customers.
I said, there's your problem.
I said, we don't even need to go anywhere else.
Speechovers.
I said, how long have you been in sales?
20 years.
How long have you been here?
15 years.
How long have you guys been flat in this office?
About nine years.
We don't call it flat.
We just say, call it consistent.
I said, I'm sorry.
I call it flat in the world of business.
You either grown or you're down.
You guys are dying, just so everybody knows this.
I said, how come you guys don't knock on doors or go talk to businesses that are not customers of yours?
You ain't growing your business.
You're just rehashing the same exact customers.
And by the way, you're eventually going to lose customers to somebody else.
That's not bring them in, baptize them later.
I'm in the game of converting.
I'm in the game of getting people who are not believers of business to say, babe, maybe we start a business part-time.
I'm in the game of getting people to say, you know, like yesterday, Gray came in here.
He said the most interesting thing.
The guy that we wrote a book together with, phenomenal thing.
He got emotional yesterday.
He said he was here yesterday?
We had a very special moment.
He says, you know what's crazy, Pat?
I said, what's that?
He says, you know what was the toughest thing about writing this book with you?
Because he's my writer.
He wrote the book.
We're not co-authors.
He's a writer.
He wrote.
So rather than getting a ghostwriter and say, I wrote this book.
I don't write this book.
We wrote it together, but he's my writer, right?
Okay.
He says, because he saw me, intentionally, I said, before you write this book, you have to see me at the best and my worst.
He says, what do you mean?
I said, I want you to be in my board meetings and see how I react.
I said, I want you to see me in sales meetings and see how I react.
He says, you can go in the most exclusive meetings that nobody else has invited.
Then you can write the book.
So he saw me everywhere.
Was with me with Kobe, with Bush, with Backend.
I'm upset.
Things are not working out.
I'm in my suite at Crazer.
He's everywhere seeing me at my best, worst, ticked off, losing it.
This didn't work out.
Just lost a couple hundred.
He's seen everything, right?
I said, now you can write the book.
Then we write the book together.
You know what he said yesterday?
It was so moving.
He says, Pat, you know, I'm the professor.
I'm the guy that's the consultant.
I'm the one that tells people what to do.
He says, the hardest thing about writing the book with you is you forced me to get in the arena.
He said, I have not been in the arena for 15, 20 years.
See, that to me is winning because I converted someone to get into the arena.
You win when you convert.
You don't win when you're talking to the same people that say, uh-huh.
And did you see these guys don't care about us?
You are not winning.
You win when you convert.
The left won because they converted.
The right lost because they stopped converting and paying attention to the people who are younger in social media.
You lost.
That's a strategic loss.
What did I vote for?
You think I'm voting to raise the taxes?
No.
You think I'm voting for, I got an email yesterday from my friends at Goldman Sachs.
There's a very high likelihood taxes are going up.
I've known this.
You think we voted for that?
We want to put the money back into the business.
No, we don't vote for raising taxes.
We don't vote for, you know, hey, let's go pay off everyone's college.
We don't vote for that stuff.
We vote for free enterprise, free market.
I don't care who the person is.
I don't even want to see the face of Trump and Biden.
Give me your policies.
I'll tell you who I'm voting for.
That's who we vote for.
Then it didn't work out.
Why didn't it work out?
It's strategy.
So there is a very, very big misconception and a mindset.
By the way, Christians, I went and spoke to a group of pastors in Newport Beach, and they invited me.
Can you come and talk to these pastors?
I said, hey, why has donations have gone down?
Not to your church, to Christian churches.
Why are Christian churches so empty?
Why is it?
Well, it's because the new generation, you know, they just don't want a tide and they don't understand that the Bible, ah, no, Don't get technical.
Don't blame the new generation because you walked up two hills when you're going to school and it was snowing.
You know, all those stories that we always hear about.
Why has it?
Well, you know, all these things I heard.
I said, can I tell you the truth?
What?
I said, Mormon church is killing it.
Same generation.
Why is Mormonism killing it?
I said, you ever gone to Mormon's YouTube channel?
Can you go to LDS's YouTube channel?
No.
I pulled it up.
I said, let's go to it.
I said, no, no, no.
I said, listen, I'm not telling you go become a Mormon.
I'm telling you, during the same time that you're losing members and donators, Mormonism's killing it.
How many subscribers does LDS have?
Just type in LDS and go to channel.
1.63 million subscribers.
A religion.
LDS has 1.63.
You go look at the LDS church.
Why have they?
They have a system.
They're young.
Look at their videos.
Go to sort by.
Go to sort by on the top right.
Look at it.
14 million view.
Okay, 12 million view.
9.5 million.
I'm a child of God.
Okay.
How come Christians churches are not grown up?
I go to a church in Dallas.
I'm not going to say the name.
I go to a church in Dallas.
It's a big church.
Fits 5,000 people.
600 people are there.
75-year-old pastor is preaching.
It's time to be a mentor.
Let a young guy come in and do it.
You preach maybe once a month.
But no, still have to have control.
So again, but you're not converting, Mr. Pastor.
But I know everything about the Bible.
It doesn't matter.
The idea of Christianity is to go disciple.
It's the cost of disciple.
When you become a Christian, the first book they ask you to read is the cost of discipleship, depending on what church you go to.
Cost of discipleship is what?
What happens to be a disciple?
Because the whole idea of becoming a Christian is to what?
To convert.
The idea of business is what?
To convert to somebody to say, I believe in you, Steve Jobs.
Let's go change the world.
I believe in you, Elon Musk.
Let's go change the world.
Don't make it, don't ask any question.
Just get on the damn what?
The jet, the plane.
Don't question anything.
Let's just go, right?
Okay.
People have forgotten that politics, business, religion, family, anything you look at is all about converting.
And whoever's converting is winning.
And whoever just wants to talk to people that agree with them, you are not losing.
You're going to get your ass handed to you in ways you've never been handed to before.
And the separation of the competitor is not going to be small.
It's going to be a wide, wide distance separation between you and your competitors.
And it's not going to be pretty.
That's what's going on today with politics.
Yeah.
Very interesting.
By the way, were they happy they invited you over at the waste management place to give that speech?
Did they thank you?
Did they pay you?
They never see this thing with me because I don't need the money.
Like, I'm not a motivational speaker.
I go there because I like problems.
I like to see what can we do.
I never got invited back.
You know what happened to them?
The main guy got fired.
Yeah.
The main guy that's sitting there quietly behind closed doors.
Nobody knows who he is, making 200 grand.
You get fired.
You know, extremism to me is just so unattractive these days.
We've dealt with it to such a degree through that political cycle and through last fall and everything.
I just people need a break from it.
It's not working.
It's not great.
It's not good for this country.
I'll give you an example.
Last night, I put Jimmy Kimmel on, or no, Jimmy Fallon on for five minutes just to see.
I wanted to just get a gauge.
What are talk shows like?
Because I never watch them, you know, because they became so political.
I mean, Stephen Colbert is literally a political show.
And I turned it on, and it was a repeat from right before the Super Bowl.
And him and Quest Love and one of his other Roots band members were doing a contest to see who could make the best dip for the Super Bowl.
It was a hilarious bit.
And I'm going, this is so refreshing.
I mean, this is just these guys.
They're in the studio, right?
There's an audience, a small audience, but they're clapping.
People want to get away from the extremes on extremism.
That's why I said I don't think these hardcore MAGA followers are going to be there for a parlor because there's no one there that's leading them and that they're just blindly following because he's saying what you want to hear.
I don't agree with that.
That I don't agree with.
I think MAGA crowd is MAGA crowd.
I don't think they're going to— Trump yesterday for President's Day just got out to spend some time with people here in Mar-a-Lago.
He drove around and people were going crazy here.
But that's because it's him.
He was out there.
They're not out there just.
I get that.
What I'm saying with this is, you know, what I'm saying with this is Trump.
Okay, so my message isn't directed to MAGA people.
It's not.
My message isn't even directed to Trump.
My message is you had a candidate like Trump.
He pushed the envelope.
Yes, the Twitter stuff out of control.
Should have been controlled.
Look at Biden.
It's so quiet.
Nothing's going on.
You said something.
You said it's so much peace or climate today, right?
Okay.
But the MAGA crowd had somebody to buy into, okay?
What did Trump do?
Trump went and converted people.
Trump converted people.
You have to know that Trump is a converter.
In 2016, he did.
Of course, in 2016.
Not in 2020.
I didn't say 2020.
No, no, no.
Trump is one of the greatest converters America's ever seen.
Are you kidding me?
Like, they wanted, like, Trump's going to run.
Out of the 16 people, who's at the top?
He's at the bottom.
Jeb Bush was at the top with $140 million.
Even Huckabee was ahead of Trump.
Carson was ahead of Trump.
And anybody that can get you to vote for Obama twice and then vote for Trump, you're converting.
You're a converter.
You're a converter.
However, however, they realized that they didn't have the right allies.
And number two, they realized the Republican Party didn't have the right tools like the left does.
The left controls all the tools.
They didn't have all the tools.
This isn't about that the MAGA crowd is going to go away.
50 years from now, we're going to watch a movie.
If we're still alive, I'm going to be 92.
We'll still be alive because 50 years from now, we're still going to be alive.
Apparently, we're going to be alive.
I'm always going to look for one tenth.
20 years from now, 30 years from now, when we go to movies and we watch the movie of what happened the last four, five, six years with Trump, you're going to be like, I cannot believe I lived through that.
That's what you're going to say.
I cannot believe I lived through that.
Totally.
But he is still going to have loyal followers 10, 20, 30, 40 years from now.
This is not going away.
If I sat down with Trump and I did an interview, it'd be a very different kind of an interview.
Very, very different kind of an interview.
Very.
It'd be a very different kind of an interview.
Because, you know, my opinion, he's at a point right now that's a very challenging place to be, okay?
Because when you do case studies, what's the benefit of reading case studies when you go to NBA school?
What is the only benefit of going to NBA school?
You're making those mistakes?
Yeah, you learn from other companies when you look at case studies.
What is the best case study that Trump should study?
What is the best case study that Trump should look at?
What's the best case study?
What family?
What family?
I don't know.
Kennedy.
Okay.
Okay, Kennedy.
What is the case study of Kennedy's family?
Well, you got the Joe, the guy that started it all, right?
Who was in politics, raising kids to follow him and change the country?
Yeah, telling his kids, hey, one of you guys is going to grow up and be a president.
Which ones are going to be?
Wear a suit at dinner.
Look, shut up.
He's mentally getting his kids to be prepared to be a president, right?
And essentially, they were supposed to be presidents for 16 years.
Then the kids would have been presidents.
That's the direction it was going.
So then what happened?
Who became the sacrificial guy?
Well, JFK got assassinated.
What happened to the entire Kennedy family?
So to Trump right now, if he's a true believer and comes back and says, I'm going to come back in 2024 and does what he says he wants to do, if he does that, the same thing that happened to Kennedy's family could potentially happen to the Trump family.
They're going to go after his businesses.
He's going to be in court between now and 2024.
He got acquitted, which means he can run again in 2023.
Jack Dorsey said, I don't care what happens.
I'm not letting him back on Twitter no matter what happens, right?
So he's still going to have a different platform to be able to post stuff on.
You're not going to go and parlor and be able to do much because parlor is going to be all on one side.
You need neutral platforms to convert because Trump is the ultimate converter.
Agree or disagree, Trump's a master converter.
The guy went from being who he was to being a billionaire to being on TV to being all that stuff to being a president.
You say, wait, you became a TV guy?
Yes.
What?
You and from your dad was doing rentals on the other side.
You want to become, yeah.
The Trump name is everywhere.
Yeah.
You wrote books, Ball Wall Street bestseller and news.
Yes.
You became a president?
Yes.
You got, what are you talking about?
So he's at a point right now that do I just lay low to make sure my family can at least have a peaceful life moving forward?
Or do I say, screw it, guys?
We may have a target from us from some of the most powerful people in the world that more powerful than us, but let's go save this country.
It's going to be interesting.
But the MAGA audience is not going away.
Here's why I disagree with your discussion.
That's good to me.
I'd love to hear it.
Because Trump is a cult of personality.
That's what he is.
He's got that charisma where people would just follow him.
If he decides I'm not going back into politics, it's not worth it.
These people, the MAGA followers, are going to feel betrayed.
They're going to take it very personally.
And there is no more MAGA then because they were there to follow Trump.
And if he bails on them, they'll bail too.
And you look at the people that have been arrested, you know, that stormed the Capitol, right?
And remember, we were on the air the next day.
That happened on a Wednesday.
We did the podcast on a Thursday.
And I said that day, I guarantee you, they got about two weeks.
Half these people that got arrested are going to ask to get pardoned, right?
And a lot of them did.
But, you know, you listen to them now and they all are saying, I thought I was being led to do this.
I thought he was telling us.
I mean, I think a lot of them feel betrayed.
Like he's stepped away.
What percentage, though?
What percentage?
I mean, what percentage of the 74 million felt betrayed?
Okay, so first of all, you know the 74 million people that voted?
What percentage voted because they didn't vote for Trump?
They voted Republican.
What would you say?
You know, I'm going to say a lot, a big percentage.
Okay, I'm 50%.
Because, I mean, that would be me.
I mean, I was voting for the lower taxes and all those things.
So, what percentage of the 74 million voted Republican, not voted MAGA?
Okay, I'm going to say, you know, 48, 50, 55%, because I think a lot of the women, the suburban women that don't like Trump would still vote to the USA.
Kai, can you pull up the record of how many people vote Republicans every election?
Like, how many total votes?
What would you say, Adam?
How many just vote Republican regardless?
Paul, what do you think?
What percentage of the 74 million people that voted voted Republican, not voted Trump?
They voted policies, not for Trump.
80%.
Okay, so I mean they're voting Republican regardless.
They're voting for his policies, but they're saying this guy's a little bit out of control on Twitter, but I have to vote for his policies.
You're still voting Republican.
So 80%.
I think so.
So then that means out of the 74 million, the 100% diehard MAGA believers are what?
Say 20%.
What's 20% of 74 million?
15 million.
Out of the 15 million people, how many of them do you believe are like, dude, you forced me to go to capital?
That's what you did.
What percentage of the 15 million do you think?
Less than 1%.
That's what I'm saying.
I don't think that's the case.
I think the case is that it's not 74 million mega.
I think it's 15 million mega.
I think it's very important to differentiate between those two.
You understand what I'm saying?
So it's not like if we break down the math.
Are you MAGA?
Like, did you, are you like diehard mega?
No.
Okay.
But you're Republican.
You voted that way.
Okay.
So, but you're not like going around saying, you know, I'm, even though you said 33% a few podcasts ago.
So to me, it's principles.
It's mega.
And then, you know, so I think it's a 20% market, and I don't think that 15 million is going away.
I don't think that 15 million is going to go away.
Well, okay, if you look, I don't think MAGA's going anywhere.
No, I don't think it's going away.
And I don't think Trump is going anywhere either.
I think he's such a...
You think he runs 2024?
Oh.
Oh, yeah, I do.
You think he runs 2024?
I do not.
I do not think he's going to run anything.
He's such an egomaniac narcissist.
Kyle, is he going to run 2024?
I think so.
Okay.
I actually do.
You know, I think he's coming back.
I think it's going to be an ugly situation.
Trump, if we've learned anything from Trump, he's not the type of person to be like, well, guys, we had a good shot.
Thanks, everybody.
The day of the insurrection, the day that they were trying to hang Mike Pence, he was not calling in the military.
He did nothing to stop that.
Nothing.
So if we've learned anything from Trump, he ain't backing down from anything.
He's going to double, triple, quadruple down.
There's one thing that I see.
There's one thing I don't want to see.
I don't want to see on the debate stage, Trump and Pence.
I don't think that's good for Mario.
I would love to see that.
Yeah, I don't either.
And here's the other thing.
If Trump runs again, he destroys all his businesses and the legacy he built with the brand.
I think it's done.
And his kids are in serious danger, too, if he runs again.
And I think he'll put his family above it.
Why would he be in serious danger if he ran?
Well, the brand is already extremely tarnished.
If he gets in again, it'll be dissolved.
I mean, no one will, I mean, outside that fringe element.
How about the MP?
Here's a bigger question.
I think he's going to run again in 2024, straight up.
Does he run away?
Does he have Penn?
I think he's running Republican MAGA, not Independent.
No, that's my opinion.
Does he have a shot in 2024, even if he's going against a Joe Biden, even a Kamala or even a I mean, a lot of that.
It's so early to even tell because it's just, he's just been president for one month, Biden.
So we don't know how things are going to open.
If it opens up, say things open up and market Dow goes to 40.
Okay?
If Dow goes to 40, market opens up, Biden's able to influence Powell to go one more year at 0% interest rate and we have this fake economy and he gets real, I mean, it's going to be tough to it's, you know, most people want to vote for the same president.
Most people don't want to.
Historically, we like two terms.
We don't like one terms.
Right.
Okay, so you have to keep that part in mind as well.
You got to do pretty damn bad if you're going to only go one term.
Or it has to be a massive crisis like a COVID coming in where the world shuts down.
Or a third-party candidate like Ross Perot in 92.
How it hurts George Bush.
You're right.
So there has to be a black, what do they call it?
A black swan.
It has to be some.
And this COVID is a black swan.
Yeah, yeah, yeah.
If there's no COVID, what's the percentage Trump gets reelected?
Yeah, I mean, so you have to realize COVID kind of threw him out.
So I think if there's not, if the Dow's at 40, he extends the interest rates for one more percent, one more year, and it's pretty peaceful.
Things have opened up.
Restaurants, everybody's up.
They're going to be like, okay, let's just go one more year.
Yeah.
A long way to go.
One month out of what?
48?
Exactly.
We got some more.
So to your point, you brought up the situation where the overall sentiment of the country feels a little more mellow now, less stressed.
You know, I threw it out there yesterday.
Given the situation at hand, right?
I threw it out.
There's a question.
Does there seem to be less tension, less stress?
Does the country seem to be a little less on edge?
And I'm just going to say, yeah, I mean, I feel it for real in California.
It does feel different.
And I don't think it's a rally behind Biden.
And it certainly has nothing to do with Newsom, you know, our governor, who hopefully we get out here in a few months.
I think it's the byproduct of this.
There's less bickering every day, this insane thing that we were going through for months and months.
I think it feels differently.
Walking around, I think, you know, if there was any political motivation behind the shutdowns of what was going on, they're easing up a little bit.
Like where I live, the restaurants are opening again down or outside.
I mean, these little freedoms you take, you know, that you used to take for granted are now a huge deal to be able to go sit somewhere, go to a gym.
These are huge things.
And I do think the collective mood of the country is better over the last month.
I agree.
I just think the word that comes to mind when I think of Trump in the last four years, and it served him well in some cases and it served him not well in other cases is frenzy.
It was always a friend.
The news of the day.
And Trump tweeted this.
And here's who he's fighting with.
And here's what he said about this.
And Trump did this.
It's just so frenzied.
And, you know, every day, I mean, he would always, you know, control the media, control the narrative, frenzy, frenzy.
Like, I'm good with Sleepy Joe, just kind of keeping it cool.
And just go be a Sleepy Joe.
We've had a very frenzied four years.
Just get back to basics.
Just do the work.
It doesn't need to be a rock star.
You don't need to be, you know, a personality.
Just freaking makes politics work.
It's so weird how we are as voters.
You know, we go from an Obama, oh, he's a socialist, he's this, to we go to a Trump, oh, he's so, you know, he's so always non-stop talking.
Like, can't you just be quiet?
We go to a guy that never wants to come out and he's just quiet.
We are so radical sometimes.
Let me say something.
And this is that I've recognized this.
And I say this every time that they talk about politics.
This is, if you want to know politics in this country, it's a pendulum.
We're all the way here.
It's like an oval.
No, not an oval.
It's like a half circle.
Marriage is like an oval.
Where's that movie?
What movie is that?
Harry and what is Adam Sadler?
No, no, it's the Adam Sandler movie.
I now pronounce you Doug and Larry.
Yeah, Doug and Larry or something like that.
Yeah.
It's like an oval.
Chuck and Larry.
Chuck and Larry.
Chuck and Larry is what it is close.
Whatever.
But a pendulum.
Think about it.
You know, even the last 20 years, you go from Reagan, right?
All the way to the right or conservative.
You know, Bush, four years, boom, Clinton.
Clinton, eight years, boom.
Right after that, Pendulum, go back to Bush.
From Bush, you go to Obama.
You know what this is like.
Let's keep going.
I'll give you a different analogy.
If you want to do analogies, I'll give you.
This is like the guy that's like, listen, man, this last girl I dated.
I just want somebody that's a little bit calmer.
I want her to be calm.
Like, this is too much.
She's like, and he goes data to come.
Dude, I'm so bored.
You know what I mean?
I want somebody to walk outside, you know, once in a day.
And you're like, and then I watched Cocktails the other day, and he's telling the, what do you call it?
You know, his buddy, Coglinslaw, the guy, whoever that guy.
Coglins Law.
Yeah, he says, you know, you can never land a billionaire.
He's teasing him.
So he goes and gets the billionaire, the girl in the corner.
So he's going to her place.
And one of the days he wakes up and she's like, ah, and two, and three.
And he says, every day at five o'clock in the morning, like he's struck, dude.
You wanted the girl?
Now you got it.
It's like, I just want a family girl.
So America can make a bunch of people.
We're bipolar.
We're bipolar.
It's an understatement.
You know, over the last month, I've literally, you know, for VT Post, I'm going, there just seems to be better stories to cover, better stories to choose.
And I'm going, why is that?
Have more interesting people just come to the forefront?
But here's what it is: Trump is such an oxygen suck.
You know, he absorbs everything from both sides.
Both sides are obsessed with him.
The left side hates him so much that's all they can do is talk about him and react to him.
Same thing with the right.
He dominates everything, every news cycle.
Hollywood changed because of him.
Every industry essentially changed because of the feeling.
He just sucks all the energy out of a room.
Right now, there's other things to talk about.
You're hearing more about some business stories in the entertainment.
I think Hollywood might go back to being a little bit more Hollywood.
I use the analogy of watching Jimmy Fallon last night.
It felt like a different show compared to what he aired the last two years.
So I think he is such an outlier as far as the personality of him and what he brings to the table.
I think it's better for the country if he probably just says, I had my run and I'm good.
Well, other stories are getting some data.
By the way, if you think again, we may have a different crowd because they're going crazy right now.
I'm furious with you guys.
If you think he's going to run again, put thumbs up.
If you think there's no way in the world he's going to run in 2024, push thumbs down.
I'm curious to know what people are going to say.
And if you enjoyed the dialogue and your first time here with us, smash that subscribe button, help us get to 100,000 subscribers.
So let's talk about SPACs.
What is a SPAC?
What is a SPAC?
A special purpose acquisition company, which to simplify what a SPAC is, it's essentially going public without having to spend the $4 to $10 million of going public and waiting 18 months to go public.
It's somebody that already has a holding company on the market with some cash in it, and the stocks around $10.
Some of them are $10.50 because they got a warrant on a back end.
And you go and say, hey, let's do something with the SPAC.
Couple months later, you're on the market with a ticker.
Okay, so that's a SPAC to simplify it.
But let me read a few things here for you.
Roger Lee of Battery Ventures says that SPAC used to be a bad four-letter word in Silicon Valley.
Now the board of every high-profile startup is discussing SPAC as a legitimate way to go public, according to Jeff Crow of Norwest Venture Partners.
The sudden burst of SPACs reminds some longtimers of the dot-com bubble in the late 1990s.
Pre-revenue businesses with far-out goals are going public at astronomical valuations, and famous athletes and other celebrities are getting in the mix.
The Wall Street skeptics, it looks like the finance industry's latest scheme to make money is speculators, et cetera, et cetera, right?
$44 billion so far and 144 deals, according to SPAC Insider.
But the following names have gone into the SPAC movement.
Shamat, who's a potential governor of California.
Serena Williams, Steph Curry, Shaq, Alex Rodriguez, Billy Bean, Tillman Fertata, Billy Fox.
There is a lot.
Kaeperning just got it.
There's a lot of people that are going into the SPAC market and Silicon Valley is saying maybe this is the way to go because people don't want to wait that long.
Thoughts on SPACs?
Let me tell you something.
I, quite candidly, never heard of a SPAC until like the last time.
I've been around for a while.
I thought it was a super political action committee.
You know, you have a PAC?
I thought it was a SPAC.
Oh, you got a PAC?
That's literally what I thought it was for a while.
That's true because they do call it Super PAC.
But I don't know if it's just because I've been following Chamat's interviews a little bit more lately, and he's quote unquote the king of the SPAC.
But it's starting to pop up more, and I've kind of heard it.
I'm covering a little bit on the finance stuff and value tame and economics.
And finally, yesterday I was like, Pat, we were kind of brainstorming ideas.
I'm like, what's up with all these SPAC talk?
Not SPAC talk.
Not, you know, not what we're doing here.
And you're like, you were like intrigued.
You were almost like thrown off.
Like, well, what do you know about SPAC?
You were just like, who told you about SPAC?
It's just been popping up a lot more lately.
So give the audience what they want.
Give them that SPAC talk.
What's the point here?
You just have to keep in mind, SPAC is you saving time and money from going public.
That's what a SPAC is.
It's competition to an IPO.
Yeah.
Speed to market.
Just think about speed to market.
If a regular, if you right now run a company, you're doing 50 million a year, 100 million a year, 200 million year, whatever you're doing.
And you say, guys, I want to go public.
Okay, good for you.
Lawyers, galore.
Accountants, ridiculous.
Going through a Goldman or somebody that's going to say, we're going to take a 5% fee or a 10% fee or 6%, they're going to take that as well because when they take you public, they're calling their clients or they're taking a fee for helping you raise capital and take 12 to 18 months versus somebody comes and says, look, I'm already public.
Why don't you put your company in my SPAC?
And then at the same time, I can help you be public in the next, you know, 30 to 90 days.
So it's speed to market.
But what doesn't happen is the following.
Where SPAC doesn't work is the following.
There are a lot of SPACs that get a bad reputation because there is no company.
It's not a company.
It's an idea.
So there is no proof of revenues.
There's no proof.
It's just, here's the idea that we have and here's what we're going to do.
And let's go on the market.
And we think this idea is going to blow up and be a multi-billion dollar company.
And the market's like, but what do you have so far?
And then when the market comes in and does the investigation, like, dude, these guys have nothing going on.
Those are the SPACs that take a bat.
And there's a lot of SPACs that people are going out without a real business.
You have to be very careful of that.
But traditionally, you got a real business.
You're doing well for yourself.
You got a transportation company.
You guys doing $120 million a year.
You're netting $10, $15 million.
You're like, okay, let's go take a look at being a SPAC.
Yeah, you got a real business going on.
Interesting.
Are they bringing in the big name athletes just for the name factor and recruiting factor and just credibility?
Is that why you're seeing these guys?
I mean, Billy Bean for now.
You got to realize, SPAC, so SPAC, so imagine you go out in a SPAC and you're a half a billion-dollar company.
The guy that owns the SPAC currently, the holding company, that guy ends up taking somewhere between 15 to 20% of the shares.
So if you got 15% to help you go public, that's essentially the cost.
But anyways, if you waited 18 to 20 fees and everything.
So he takes 15%.
So you go public.
They say, okay, we'll let your company be part of our SPAC.
Half a billion dollars.
The hopes is a year later for that company to be worth what?
You know, a billion dollars.
If it's worth a billion dollars, that guy officially doubled his $100 million to $200 million, made $100 million.
Okay, then he liquidates 50% of that.
Then he liquidates 25% of that, et cetera, et cetera.
So there's a lot of opportunities.
And by the way, for some people, like, I don't want to put my money into a SPAC.
Most people that go into a SPAC, a company that goes in a SPAC, the CEO, the guy at the top, the executives cannot sell their shares.
They have to stay on.
So it's not like, hey, I'm in, got the money, I'm out.
There's a timeline because they're watching you.
So regulators are watching you.
So yes, it's actually a very interesting thing that's creating.
It's been around for a long time.
But today, a lot of people, since things are moving quickly, are very much interested in SPACs.
Some of the terminology you hear always thrown around with SPAC, you always hear blank check companies.
Why is it considered a blank check company?
Because there's no company in it.
It's just money.
It's a holding company with money in it.
It's a holding company.
It's a shell company.
It's a shell company.
You just plug in, all right?
Yes.
We're going to do that.
That's a good way of putting it.
Okay.
Yes.
It's a shell company.
Okay.
Speaking of IPOs, you want to talk about bumblebees?
To talk about that or Bitcoin with JP Morgan and Morgan Stanley.
Let's go to Bumble.
Bumble founder Whitney Wolf Hurd becomes the youngest self-made woman billionaire after IPO.
Bumble founder is now worth one and a half billion dollars at 31 years old.
She's also the youngest chief executive to take a company public in America, female, co-founded a company about seven years ago in order to reinvent the dating app structure.
The app, unlike its competitors, gives women the ability to control the conversation.
It is the only dating app where women make the first move.
However, her journey into the digital dating scene didn't start with Bumble.
In fact, prior to her start with the multi-billion dollar company, she co-founded the biggest competitor, Tinder.
Wolf Hurdle left Tinder and filed a lawsuit against the company, alleging sexual harassment.
Tinder denied any wrongdoing, and the suit was eventually settled.
Shortly after in 2014, she founded Bumble.
Bumble also owns the dating app Badu.
Together, the apps are used in 150 countries with tens of millions of monthly subscribers.
Thoughts.
It's so fascinating.
I mean, she's a rock star.
She's unbelievable to think that she helped create Tinder.
And you think of the perception of Tinder.
Is there a more creepy dating app out there?
Clearly, I'm not an expert on dating apps, but that just seems to me as being creepy.
It'd be like you started Penthouse and then you quit and then you started National Geographic.
I mean, going to what she did with Bumble, but she's brilliant.
She's worth $1.5 billion.
You know, she sued them on her way out and got a million dollars because she was dating the other co-founder of Tinder and she sued him for sexual harassment.
He allegedly called her a whore and a gold digger and things like that.
So she got out with vengeance.
She went out to create their competition and destroy them.
I mean, that was literally her philosophy.
And she did it.
Mission accomplished.
It's unbelievable.
I learned about Bumble through my barber, all right?
Young guy, probably 26, good-looking dude.
He's like hey, TZ, I'm on Bumble, man.
It's unbelievable.
What is that?
And he's telling me about, he's pulling on his phone, showing me all the girls that make the first move.
He had two serious relationships, and I think he might get engaged now to the one that he's been dating.
She's beautiful.
He's got to issue two of them.
No, no, he had a relationship with someone.
I mean, it's unbelievable.
He's going for his third.
It's incredible.
Is he Armenian?
He's just, he loves women.
No.
No, he's found a now.
He's found someone that I think he's going to get engaged to.
So it's great.
You know, if she had done the SPAC, accelerated this even sooner, could she have, would she have to give up more equity?
Is that part of the downside for a company or for a founder like that, that you're giving up more?
And do the employees get a little chunk of it?
Because here's the other thing that she did over the weekend.
The New York Post got a hold of a slack message from her that she sent out to the whole staff.
They went public last week.
They killed it.
You know, it went up by, I don't even know the numbers.
I haven't written down, but they exploded in the next two days.
She sent a slack message out to everybody and say, hey, don't look at the stock price.
Don't think about the stock price.
I think that's an unfair thing to say to employees because if you were there to help create that company, that is your endgame, the stock options that you have.
How can you not?
I mean, you know that you're going to make a few millions.
So I think that was disingenuous.
I thought that was a bad move for her to do that.
Now, the other stat I have, and it's really unbelievable, is they only have 70 full-time employees.
To build a company of that value with 70 employees, I mean, that is, I mean, find me a man that's done that.
That's incredible.
Oh, I'll find you a man, all right, right on Bumble.
A couple different things.
I've A, never done a dating app in my life.
And now do we have a live detector in the office?
This is not good, Adam.
Just listen.
God's watching you.
Just tell the truth.
Just tell the truth, okay.
Guys, match.com.
The first app I've ever used is Bumble.
I recently started using it.
And the women have to make the first move.
They're pretty aggressive out there.
Let me tell you.
They're out there.
So have you been approached?
Oh, what have you done?
What have you done?
Tell us.
I haven't opened the app in a few weeks.
Oh, my gosh, Adam.
I got 700 messages.
You got like 12 full-time jobs to do.
What's the approach?
What's been the best approach?
Ladies will message you and say, like, things like, hey, sweetie, hey, handsome.
Saw your profile.
Hey, buddy.
You know, not hey, buddy, but you know.
For him, it's just sweetie and handsome.
Just whatever.
But they do make the first move.
So then you obviously, okay.
Oh, what's up, girl?
You know, I was like, what's your address?
I'm coming over.
I'm on my way.
That's Tinder.
That's Tinder.
I've never done Tinder, but I might have to look into that soon.
No, for all the funny guys out there, I've never done Grinder.
But hey, listen, if you got enough money, what's up?
He keeps bringing up the apps he hasn't done.
I mean, I think that's saying something.
But something's someone pointed this out.
I would love to give Whitney Wolf Heard credit.
You know, youngest female billionaire.
Like, obviously, everything that's going on, I would love to give her credit for that.
You pointed out, well, Kylie Jenner actually was the youngest self-made billionaire, but she didn't go public.
But then you find out Whitney Wolf Heard, who's Heard?
Who's that guy?
Who's her husband?
Well, it turns out Michael Heard is like an oil tycoon from Texas, our old stomping grounds.
And believe me, he had some positive influence in the framework of this company.
So it wasn't like some, you know, lowly girl started a dating app and made it like to the big leagues.
She had a billionaire buddy husband that, you know, that I don't know if she met him on a dating app or not, but that's a good idea.
How old is her husband?
Do you know?
Is he a lot older?
No.
Okay.
Similar age.
Adam, also, she started the company in 2014 and they didn't get married until 17.
I mean, they might have met before, but it seems like are you trying to get a free bumble account?
What are you trying to do?
Make me look bad at you.
I'm trying to state the truth.
What's your profile on Bumble, honestly?
What's my profile?
Yeah, I'm Bumble.
Like, what do you mean?
What is the name?
So just Kyla if they wanted to find you?
Really?
They can't search it though for Norwegian style.
Why?
So you can't search the name on Bumble?
No, it's based off location.
Oh, okay.
So you have to be location.
Okay.
I'm Soyboy everywhere.
50 states.
I'm everywhere.
Just find me, ladies, on the Soy Boy Machine channel.
Is there anything else to say about this?
I mean, Bumble.
One thing.
I was waiting.
It changed my life.
No, it has not changed my life yet.
Yet.
One thing I will say, I've done my due diligence.
I'm very OCD methodical.
I say, you know, I asked a couple of my dating gurus.
Who are you in high school?
What's up?
What's up?
And without a doubt, everyone's like, hinge and bumble.
That's where you got to go.
Hinge and bumble.
That's where it's.
Hinged?
Hinge, H-I-N-G-E, Hinge.
It's all the gentlemen.
It's not a good name for a dating side.
Really?
Hinged.
Hinged.
No, it's not hinged.
Why?
Hinge.
Hinge.
Hinges.
What's the dating side?
What's hinge?
Hinge is the dating side.
Yes.
And the other one.
That's like, so they're the two that people.
So have you had a date yet from Bumble?
I have not.
I have not done Bumblebee.
Oh, come on, Adam.
I swear I've been using it.
You're using the app wrong.
Bro, take my car if you need to.
Yeah, but Kai has.
Kai, have you not met a girl on Bumble?
No, actually not.
Are you using that?
Just so you know, your speaker's off.
Yeah.
Kai, what app do you, because you've done, you've done some, you've done some more.
I've used more hinge.
Okay, there it is.
Got it.
If you're looking for a hot Norwegian man, ladies.
Hinge up Kai.
Loot it.
First of all, good for her.
That's all I can say.
Good for her for doing what she did, Tinder, and change one little thing.
You were talking about girl approaches.
Instead of you approaching them, changes a little bit and got a market for it where it's a little bit more where the guy's there.
And if you're approachable, then they'll approach you and you have a, you know, somewhere to take an excuse.
You know what?
Let's pull up Bumble right now.
Let's see what we got.
Can you imagine you read a message and you make fun of the girl and ends up becoming your wife one day?
I would love that story.
There we go.
We got Bumble.
Here it is.
It's yellow.
Yellow for like a Bumblebee.
He's a premium member, by the way.
Who's this?
Wow.
So, what you do is you say, all right, what's this girl's name?
All right, we'll go to the right.
You matched.
She had already requested me.
She had already requested me.
There it is.
All right.
Keep swiping.
I don't know.
See, this is two girls in the picture.
Which one am I?
Two girls in the same picture?
I'm telling you, that's not bumble.
Listen, you're not on bumble.
I'm on bumble.
That's girl.
This girl put a picture of like her hot friend with her.
Dating's just a whole different world.
Turns out it's not, so you got to go left on that one.
This girl's got a far-off bikini pick.
You got to get closer.
Listen, honestly.
Guys, the point is for you.
Yeah.
Point is, there's a lot of due to that.
Point is we got to finish this podcast so you can go message all of us.
We're going to be on Bumble for the next hour for you.
Yeah, you need an assistant to manage that whole thing.
Pat, we've been talking about that.
What's crazy is I was never around single during the app era.
Yeah.
Yeah.
So I have no clue, but I have plenty of people around me who are using Greek God.
That would have been the name.
Greek God.
Your birthday's October, so it would have been 1016?
Is it 1018?
Yeah.
Greek God 1018.
Message PBD.
Okay, so listen, if you're on Bumble, I guess this was the advertisement for Adam.
Today's message is sponsored.
He's a podcast is sponsored by Adam Sausnick's Bumble account.
That's amazing.
You can find him in Boca Raton, Adam Sausnick, Soyboy.
He is single.
And he's looking very good with finances, healthy work side, wears very short shorts and athletic.
I don't know what else to say.
Knows how to do different accents.
He's funny.
He's a comedic.
He can do Jewish accent.
No problem.
He can do German, Russian.
I mean, extremely talented.
Thank you.
I appreciate it.
Extremely talented.
So that was an advanced buyer right there.
There it is.
Just put that on my bumble profile.
Wow.
So are we scheduled for Thursday?
We are scheduled for Thursday, same time, 8 a.m.
We're scheduled to do the podcast Thursday.
Are you in town or you're not?
Okay, so Thursday.
So here's what's going to happen Thursday.
I'm not going to be on the podcast on Thursday.
It's going to be you, Adam, and Kai doing a podcast on Thursday.
I won't be here, but we're still doing a podcast.
I'll be back next week.
This week, I'm going to be in, I got to fly to Louisville, then I got to fly to Dallas, then I got to fly to Hawaii.
That's going on.
This is a very, very busy week.
Having said that, with the weather right now, I wish everybody traveling to you, obviously you first and foremost, but everybody traveling, just be safe out there.
Yeah.
And if you have Wi-Fi on your plane, message Adam on mobile.
Hey, gang, if you enjoyed it, smash that subscribe button.
