Bet-David Podcast | Guest: Danielle DiMartino- Booth | EP 43
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Patrick Bet-David Podcast Episode 43 with guests Danielle DiMartino-Booth and Adam Sosnick. Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N
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The Bet-David Podcast discusses current events, trending topics, and politics as they relate to life and business. Stay tuned for new episodes and guest appearances.
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Patrick is a successful startup entrepreneur, CEO of PHP Agency, Inc., emerging author, and Creator of Valuetainment on Youtube. As a natural critical thinker, Patrick takes complex leadership, management, and entrepreneurial ideas and converts them into simple life lessons for today's and tomorrow’s entrepreneurs.
Patrick is passionate about shaping the next generation of leaders by teaching thought-provoking perspectives on entrepreneurship and disrupting the traditional approach to a career.
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If you were listening to us 30 seconds ago, the team thinks we should get an egg white sponsorship for the podcast because I have my egg whites.
And wine.
And wine.
Danielle would love that.
And one of these days on the podcast, we should do the podcast with a glass of wine and see how that goes.
Maybe it'll be more entertaining second half of it.
What you don't know is I get drunk every time before I get to the next one.
We have the great Danielle DiMartino booth here with us in Boca.
And we have Adam Sausnick today.
Adam, look at the camera and show off your glasses, please.
Let them see that.
That good look, Superman, aka Adam Saussi.
You got how smart he is?
I have to step up my IQ to even sit next to Danielle, so I had to wear my glasses.
I forgot my pocket protector, but I did bring the Visine here.
Here at the mouth of the rats.
Yes.
That's Boca Raton.
Originally it was Ratone.
Originally it was plural.
Danielle, something tells me you want to bust out your Venezuelan Spanish accent while you're here in South Florida.
Danielle's feeling the vibe.
She's giving the besos to the people.
By the way, I wish there was an element of a camera on to see our conversation yesterday for the podcast prep.
Because that was real podcast.
That's what I'm hoping Danielle brings today.
She might have dropped the F5.
I wanted to edit it.
I was totally inside.
Adam, it's off camera.
I said might have.
It might allegedly.
It could be speculation.
It's a lot of fun.
It could speculate.
In plain sight, she was raised on a trading floor and she speaks like it.
Just like a sailor.
Whoa, where'd that come from?
So we got a lot of good topics today.
We're going to find out what Danielle's thoughts are on the $1.9 trillion stimulus package.
And we'll talk about with all the pump of money into the economy, what's going to happen.
Obviously, this last week we found out about the wealth tax.
Elizabeth Warren's going around saying if you have more than $50 million, every penny above a million, 50 million, you're going to pay two cents.
And then above a billion, it's $0.05.
And SPACs are now a $700 billion market.
Lift jumps as company marks best week for ride since the start of the pandemic.
Tesla to launch full self-driving car with subscription within four months.
That's pretty crazy to say within four months.
And they better hurry because everybody else is doing their business.
And everybody else is doing it.
Everybody's doing electric vehicles.
But self-driving electric vehicles?
I mean, you're sitting like I would need that is not a bad idea for a guy like me.
That's the best idea for a guy.
For someone like me.
Yeah.
So by the way, we should probably switch.
You should drive cars.
I should probably not drive cars and take Ubers because you actually drive slow and you're very responsible.
You're slow and safe.
You don't have to, you can text and drive and do your Zooms.
I've never seen so many text, drive, Zoom conference calls.
Allegedly, that's my speculation.
That's a lot of speculation.
Don't drive on the sidewalks.
That's dangerous, Patrick.
Google to stop selling targeted ads based on browsing history.
So those cookies, those cookies may be going away.
LVMH, market cap, $320 billion, becoming the highest valued company in the European state.
Your stimulus dollars are going taxpayers.
You think so?
To Louis?
So they're killing it.
Governor Abbott did something that Danielle DeMartino may not agree with, which we're going to have a nice banter here about that.
Opening up fully 100% and says no more mandating masks to the point where 50 Cent is thinking about leaving California to a different place because 50 Cent leaves in California.
New York, in New York too, because he's not happy about wearing the masks.
Somebody say premature emasculation.
Oh, there you go.
Okay, so we'll touch up on that.
Target Toyota, GM Macy's in Texas are going to keep wearing masks.
Texas isn't the only state lifting COVID-19 restriction.
There's other 11 states which will cover that as well.
Mississippi.
Yes, Mississippi was on that list as well.
Brazil's oil industry shake-up could be devastating for its economy.
I know you got some things to say about that.
California is poised for $19 billion despite COVID-19 lockdown.
Second former aide accuses Governor Cuomo of sexual harassment.
By the way, I don't know if you saw him yesterday on TV, how he responded to that.
It was pretty interesting.
Chris Cuomo criticized for hypocrisy after he says he won't cover brothers controversy.
I have some thoughts on that.
And then Elizabeth Warren rips stock buybacks as nothing but paper manipulation.
And then couple pop culture, Dr. Seuss, six books have been canceled.
You got to get them off.
They're not selling them.
Yesterday, the top eight selling books on Amazon were all Dr. Seuss.
848.
You bought how many 848.
No, I bought 848 to support Dr. Seuss.
So then we had Barack Obama and Bruce Springston team up for new podcasts, which I believe will blow up.
So having said that, let's get into the stimulus.
Let's get into the stimulus.
And the reason why I want to get into the stimulus is because of a conversation I had with a realtor yesterday.
Okay.
So first, let me read off what we have.
Obviously, American Rescue Plan Biden's $1.9 trillion stimulus package.
The $1.9 trillion stimulus package includes direct stimulus payments of $1,400 per person, extending unemployment, compensation, raising the minimum wage, continuing eviction and foreclosure, moratoriums, and increasing the child tax credit while making it refundable.
It provides funds for the state and local governments to help compensate for lost tax revenue money for schools from kindergartens through eighth grade to safely open, reopen, amidst the pandemic, et cetera, et cetera, et cetera.
So, $1.9 trillion.
That's $4 trillion in the last two years, in the last 12 months.
Oh, 6.1 when you add it all up.
When you add it all up.
Post-COVID.
Yeah, some are saying where we're getting the $6 trillion because I know the CARES Act was $2 trillion.
This is potentially another $2 trillion.
$906 billion.
That was what?
January?
That was before Trump left office.
So that's almost $5 trillion.
And then there was other spenditures still taking place.
So say $5 to $6 trillion.
Okay.
Yeah, no, I'm not questioning it.
I'm just trying to see where a lot of all these numbers are at.
And all of it pissed into the wind, by the way.
None of it productive.
Daniel, I saw an article saying the fact that 20 to 40 percent of the currency ever printed in the history of America was printed in the last 12 months.
Just like that.
Just like that.
And we just assume that the dollar is going to maintain its hegemony, that it's going to maintain its reserve currency status.
We take it for granted because we've had it for 100 years.
So what's going to happen?
Because I hear two different schools of thought.
And let me kind of give you both of them.
Let me give you both of them.
One is, you know, you got these, you know, P ratios that are just ridiculous, $12.50 Tesla.
Okay.
You got these shooter P ratios today that are indicating that market's going to be facing 99th percentile.
That's pretty scary to be there.
You got interest rates went up a little bit, which is good to see that taking place a little bit, went up.
And you and I were kind of going seeing if you want, if you don't want it.
But a guy is sitting in the real estate guy.
I'm talking to this guy.
He is the seller's real estate agent.
Obviously, he's not representing me.
And it is a seller's market.
It is a seller's market today in Florida, and it's ridiculous.
So he says, let me tell you why I need to buy this house and why this value of this land is going to double in the next three to five years.
I said, tell me why.
He says, because that $1.9 trillion they put into the economy, that's $4 trillion last 12 months.
He says, inflation's going to the roof, and the value of things that cannot be duplicated is going to go to the roof, such as land.
Okay?
So he's not selling structure, hard assets.
He's saying land.
So, you know, we talk about land, gold, baseball cards, all this other stuff that's going to the roof.
Is this going to make the economy and Dow go to 40,050, 60,000?
Or is this eventually going to get America because it seems like we're on a run rate?
I know this whole thing about 128 months that we had economic expansion, COVID disrupted it.
We're back at it again.
And so, if you take COVID out, it could have been 140-month economic expansion that we have.
What is going to happen with all this money we're printing?
A, we were going into recession anyways in 2020.
The Federal Reserve needed an excuse to print money.
You've never had a year where you have global trade, world trade, contract for a 12-month solid without the global economy going into recession.
That was 2019.
We were headed there anyways.
The Fed needed an excuse to bail out the bond market, and it got it with COVID.
It needed a black swan event, and it got it.
So, that's the one thing that people need to understand: this was not the slowdown that we had was not catalyzed by COVID.
It wasn't.
COVID was needed for the Fed to come in with their printing press, and the Fed got it.
They needed the excuse.
There was all this repo madness.
Go back and look at the end of 2019 when the Fed was doing not QE because there were issues with overnight lending in America.
I mean, this is all in the weeds and wonky, but it was happening, that there was real disruption in the overnight markets, and the Fed needed an excuse to start pumping huge amounts of money into the economy, and it got it.
It got it with COVID.
And that's why we are where we are today, because of the printing press.
But you cannot have sustained inflation with 19 million Americans collecting unemployment benefits.
You can't.
You can have a massive inflation scare, and that's going to benefit your real estate, not your real estate agent, but the seller's real estate agent.
That's going to benefit them because it's a great narrative.
It's fantastic, but it won't be sustained.
Not until you get these people to work.
Okay, so what does that mean, though?
It won't be sustained.
Okay, let's get them back to work.
People eventually go back to work.
You remember when Barack Obama said unemployment benefits six months?
No, 12 months.
No, 24 months.
Well, this new stimulus package pushes it out to September.
Sure, but eventually people are going to go back to work.
They're going to have to go back to work.
I mean, 3.5 million people you're saying fully lost like permanent job losses.
Permanent job losses at recessionary levels.
Okay.
But what I'm saying to you is, like, look, if you and I go out there and keep raising debt, okay, we keep getting credit cards.
And we get more credit cards and more credit cards.
That's what America is doing.
We've been doing it for years.
Yeah, but at this level, but how come a massive, ridiculous crash hasn't yet hit?
What is the key indicator for that to be taking place?
There's no replacement for the dollar.
The Euro is a joke.
Italy's a mess.
They never, after we had the global financial crisis in 2008, 2009, our banks were forced to clean up their balance sheets, get rid of the bad debts.
That didn't happen in Europe.
Japan's, sorry, goodbye.
So there's no replacement for the dollar until China gets to be bigger.
And because of COVID and how we've approached stimulus spending versus how China has approached stimulus spending, it was going to be 2030 that China was the largest economy in the world.
Now it's 2028.
If their currency continues to appreciate versus the dollar, it'll be 2026, five years from now, that China is the bigger economy.
And then we'll have a separate discussion about what's going to replace the dollar.
And then your real estate agent, seller guy, he's going to be right.
Then.
Okay.
My timeline is 2025.
What's your timeline?
For China?
No, no.
My timeline for the market to have a massive collapse, like we're going to feel the pain.
I have 2025.
What are you thinking?
Once the recognition is out there that we're not going to be the global economic superpower, it's game over.
That's going to take a few years to happen.
Unpack game over.
Yeah, what does it mean, game over?
Well, we benefit because we can borrow at such low cost because we're the global reserve currency.
So you have all of the liberals in Congress saying it is a free lunch.
We can borrow as much as we want, $1.9 trillion a day.
We can have $5 trillion, $7 trillion deficits every year.
There's never going to be consequences for the amount of debt we're taking on.
And that works until it stops working.
But you have people like Janet Yellen and Jerome Powell who I would.
So I know you have strong feelings on that.
Hashtag J and J.
So, but they're championing all this.
We've had 40 years of falling interest rates.
It's all they seem to think can possibly happen.
But they're not studying history.
They're not studying the fact that Great Britain lost the pound as British pound sterling lost its reserve currency status because Great Britain took on too much debt.
So if you start to think that the rules don't apply after 100 years or so, and that's it's been 100 years.
Let me follow up with that.
Speaking of studying history, so we're familiar what happened 100 years ago, World War I, Spanish flu, roaring 20s, rocking and rolling, prohibition, people are sneaking drinks, you know.
Boom, 1929, I think it was October, was the start of the Great Depression, right?
Which lasted all the way to the 1930s.
So speaking of history and history repeating itself, you're predicting 1928 potentially, 1925 potentially.
2025, 2020.
I'm sorry, 2025, 2028.
Are we essentially saying that that's potentially what we're in line for is another Great Depression worse than certainly COVID?
I'm not so sure that we have a whole decade in front of us.
This is not a repeat of the roaring 20s.
If you look back at the price to earnings ratio in December of 1920, it was 4.8.
I'm going to make this really simple.
It was 4.8 in December of 1920.
100 years later, in December of 2020, it was seven times that level.
Say that one more time.
Say that one more time.
Stocks were seven times more expensive coming into 2021 than they were going into 1921.
Seven times more expensive.
So you can't convince me that we're at the precipice of a roaring decade for the U.S. economy.
What do you mean stocks are seven times more expensive than that?
The price to earnings ratio, the Cape Schiller that looks back over, was 4.8 times earnings in December 1920.
It was seven times that level in December of 2020.
Yeah, yeah.
That's a concern.
So for me, I trust math more than I trust enthusiasts.
Well, then you trust what I just said.
Seven times more expensive.
That's expensive.
That's exactly where I'm at.
I'm at the math site.
I trust math, right?
When it comes down to things like this, math is going to tell you what the future is going to look like.
You just have to look at the right math, right?
But the part I think about is the following.
So you know when World War I, when Germany had the debt that they had to pay off with the reparations, they're like, dude, we don't have this kind of money to pay us.
So they went quietly behind closed doors.
And what did they do?
They started printing money, printing money, printing money to pay off the debt.
They paid it up, but hyperinflation took Germany to crazy levels.
And then, boom, they took them a while to recover from it.
Why are so many brilliant minds in finance so optimistic about the direction the economy is going?
Why are they so optimistic?
You got to talk your book.
You're saying they're trying to sell a book?
Is that your book of business?
You have to.
I mean, it's their jobs to pump up the market.
It's their jobs to keep people invested in the stock market.
It's their jobs to say for the long haul, you're always going to get paid off.
What's your level of trust for Jerome Powell and or Janet Yellen?
Your level of trust.
10 out of 10 is they're the best.
I love them.
One is I wouldn't trust them.
All right, so I'm going to send you a copy of a book called Fed Up.
Okay, which you wrote.
I'm familiar with it.
It's got Janet's words in it.
Okay.
Okay.
What do you say now?
For the people that haven't read the book.
She's a UC Berkeley educated labor economist who's in charge of the biggest economy in the world, who doesn't understand the financial system like she should.
And she is in a place where she can finally lay the groundwork to policy in the United States not benefiting the top 1%, but benefiting everybody, which will ignite inflation like you've never seen.
That's a bad thing.
It's the idea of helicopter money.
It's the idea of getting money directly to the people, as opposed to saying there'll be a trickle-down effect.
If we make lending easier, if we make borrowing costs lower, then companies are going to borrow and spend and hire.
That has not worked.
Instead, they bought back their shares.
$42 billion.
You've seen the financialization of America, which is non-productive.
It does not create jobs.
So Janet Yellen is bitter that she was at the head of the Fed when this wealth effect, when wealth inequality was widening.
She has the power now to reopen the Federal Reserve Act of 1913 to allow for direct deposits to the people.
There's no Wall Street in between.
There's no intermediary.
You're going to get money directly to the people.
If you want inflation, you'll get inflation then.
So, by the way, it was $25 billion that Berkshire Hathaway bought back of their shares.
Because there's nothing to buy.
It's your map.
It's too expensive.
Yeah.
Well, it's also banking on yourself.
Like, you know, you know, we're going to know where the value is.
Yeah, you know where the value is.
Yeah, I don't know.
To me, I think that's a good question.
And that was the most disappointing letter Warren Buffett, I mean, he's 90, I get it, but he didn't take a stand on anything controversial.
It was a want.
Seriously.
America's the best.
Bet on America.
Bet on America.
Fixed income is this.
You're coming out of the most controversial presidential election.
Your murder rate's going through the roof.
The country's clearly in a crisis mode, and you say nothing about what the ills of the country when you have.
What would you expect him to say?
Like, what would you want to hear from him?
A generation ago, he said that share buybacks were weapons of mass destruction.
Excuse me.
Derivatives were weapons of mass destruction.
And he derided share buybacks in his prior life because he was like, if you've got a bunch of people's money and you can't put it to work and make investments and grow their money, then what are you doing in business?
That was his attitude about share buybacks years ago.
And he took a stand in saying that derivatives were weapons of mass destruction.
He didn't say anything that was like, wow, controversial.
Nothing.
He was like, Apple's great.
Well, no shit.
Sorry.
I mean, we all have it, right?
Apple.
But he didn't, it was very disappointing.
What about Elizabeth Warren and her thoughts?
Well, no, no, let's stay on this.
I don't want to get away from this because this to me, you know, when we're talking economy and maths, so you're saying you're going to get what you're going to get, which is inflation.
Like you just said that before we went.
But you have to have a crisis.
You can't just willy-nilly reopen the Federal Reserve Act.
You have to have something happen to where there's Nomura, big bank out of Japan, said that every 20 cents of the dollar that's printed of stimulus goes into the economy.
In other words, 80% doesn't.
They were saying that the multiplier effect of stimulus spending is crashing.
We know that 53% of the last stimulus bill was saved.
So what good does it do to spend all of this money if it's not being injected into the economy, if it's not creating jobs?
And that, I think, is where the Democrats are really, really missing the message because they say they want to do infrastructure spending.
They say that there's another bill coming, but they're ramming this all through with reconciliation.
There's not a single person in the GOP, much to say nothing of moderate Democrats who are on board with what they're doing.
So they're going to burn every damn bridge before they get to true stimulus spending that creates jobs.
I mean, you could fall into a damn pothole in New York City if you're in a small car and be lost forever.
There's bridges that are collapsing.
And you've got high-speed railways in China that go zillions of miles an hour, and they're in the middle of constructing 30 airports and getting ready to eat the United States' lunch.
And we can't even pass fiscal spending that creates jobs and repairs our infrastructure.
I mean, FDR wrote the book.
I'm no huge FDR fan, but it was a public-private partnership, and it created generations plural of productivity and job creation.
And we're giving people money to not work.
Whoa.
Hashtag winning.
At a 7% unemployment, though.
At a 7% unemployment.
We're not talking about at 11%, 10%, at 7% unemployment.
We've had 7% many, many different times.
We have.
And it's not a bad level.
It's 6.3.
And that's all good and well, but that's because so many people have left the workforce.
So that's your math.
If you've got people who've given up, that's why you have a 6.3% unemployment rate, but still 19 million Americans collecting unemployment benefits.
And that's why you've got this stimulus spending is just to kind of, we're going to have the best economic growth in America in 2021 since 1983.
It'll be 5%, 6% GDP.
We're going to have a blockbuster year.
That's what they've been projecting, 6% GDP.
You can't jam $2 trillion into the economy and not expect GDP to grow.
It's going to grow.
But it's not going to create jobs.
So you're going to come out at the other end of it going, oh, God, we need more stimulus spending and more yet and more yet.
And so you're going to get the Stephanie Keltons of the World.
So you don't think this 1.9 is the last 1.9 we're doing the next two, three years?
No.
So you think there's more 1.9s coming up?
At least a trillion-dollar infrastructure bill, right?
A trillion?
No, no, no.
I'm talking about 30%.
A trillion doesn't even address.
I mean, look, there's $2, $3 trillion just to do the repairs.
Just to do the repairs.
I'm not talking about modernization.
I'm talking about repairs.
And then potential green energy bill, right?
Oh, God help me.
Well, let's still stay on this because here's my thought.
So Dow's right now at what?
30 what?
31?
31.
Okay, so let's say it's at 31.
If it's going to be a 6% GDP, and if you don't think things are going to turn around in the next three, four years, say 2025, 2026, when China, whose plan they came up with, made in 2025, made in China 2025, their plan was to be the number one superpower by 2025.
They're on track to be that by 2025, 2026.
You know, where do you see Dow going the next 12, 24 months?
Do you see it going to 40, 50, 60?
You know, that I don't do.
Are you optimistic it's going to be going to be a big deal?
The way it's going, it's going to go higher.
I think we have a correction in front of us that we're in the midst of right now.
And between the money printing that we have to come, the liquidity that's going to be injected in the economy, you could certainly see a correction and then another run-up, another meltup.
I don't see this slowing down the next couple years.
You said you don't see this happening.
But that's just liquidity.
You're just talking about, you're just, you can't have a drought if it doesn't stop raining.
And the Fed's going to keep printing money as long as we have license to do so because we have King Dollar, which has been weaponized.
It's actually a great analogy.
Can't have a drought if it keeps raining.
They're making it rain.
They're making it rain.
They're printing it.
Straight up.
They've got John.
Janet Cloud making it rain.
You've got Janet Ellen in the house.
I mean, the rain making is not going to be a lot of people.
DJ Janet, yeah, making it rain.
Even worse.
I mean, she would, when she was the chair of the Fed and she would go in front of Congress and do her testimony, and they would ask her about financial regulation.
Her eyeballs would roll into the back of her head.
She was so bored.
I'm sorry, but Steve Mnuchin was a master at what he did.
I'm a Newton fan.
I'm not saying I'm a Newton fan.
I'm saying he understood his job.
And he understood the plumbing of the financial system.
And he understood what needed to keep the wheels on the bus and keep it going.
That's not Jenny Yellen.
But what about Jerome Powell?
I know you've been pretty outspoken about Jenny Yellen.
What are your thoughts on Jerome Powell?
I mean, look, his net worth is somewhere between $100 and $150 million.
I think he's done.
Wow.
Done?
February 2022, his term is up.
And the woman who donated to Hillary Clinton, Lale Brainerd, is poised to rise.
That's who you think is going to be the next chairman of the Fed, chairwoman of the Fed?
I think so.
Wow, we got prediction here.
By the way, if you're enjoying the podcast so far, smash that subscribe button.
Yimi Moreno, thank you for the $100 you just gave to the podcast.
So now, short sellers and Elon Musk.
You know, last week we talked about, I asked a question from Adam and Tom.
I said, who's next to be permanently banned from Twitter that's as, you know, that's, you know, like Trump.
You know, you've got Trump personality permanently banned from Twitter.
And I brought up Elon Musk because, you know, some of the stuff he talks about, hey, very influential.
Very, very influential.
He's got a lot of move.
Look what he did to Bitcoin.
Then he plays with Bitcoin.
Look what he does with short.
He's just playing nonstop, right?
So is what he's doing okay?
Is what he's doing with Twitter, is he that brilliant where he's not crossing the line and he's just playing games with the market to show how much influence he has?
Well, if it was Elon Musk in a vacuum, maybe so.
But he's the Pied Piper.
So he has plenty of people following every move he makes.
So you can't say Bitcoin's the next it girl and then a few days later be like, I'm just kidding.
You're toying with small investors.
And speaking of Elizabeth Warren, so, and you've got Gary Gensler coming in in the Securities and Exchange Commission, and he's looking into these influential type of voices.
So, but I'm going to push back for just two seconds and say it was a strange, it was a bad line that was crossed when they took Donald Trump off Twitter.
It just was.
It set a bad precedent because now we can have these conversations about who's next.
And that's not what free speech is all about.
It's not.
So you're for Trump staying on.
I think that the precedent that was set is a bad thing.
It's kind of like the Democrats saying, kind of like AOC, cut lover, saying we need to get rid of the filibuster.
It's like, well, wait a minute.
If the midterms flip the House and the Senate in 2022, which is perfectly viable, then, and you got rid of the filibuster, how are you going to like that then?
So you need to watch what you do because you're setting the next generation of precedent when you do it.
And it could come back to bite you in the ass.
Yeah, Dorsey doesn't seem like he's going to flip on that.
He's sticking to it.
He doesn't sound like he's going to do anything about it.
Well, let's talk about Elizabeth Warren.
You brought it up.
You brought it up.
She proposed a tax on the wealthy.
U.S. billionaires would have paid a combined $114 billion for 2020 under an ultra-millionaire tax that Senator Elizabeth Warren proposed.
And the way the bill works is anything you have, $50 million net worth, anything above it, it's a 2% tax on your current wealth.
Anything above a billion is a 3% tax on top of your billion that you would owe.
Based on all the wealth, American billionaires at the end of 2020, a decade of wealth on them would fund about three-quarters of Presidents Joe Biden's $1.9 trillion coronavirus relief packet.
So they're kind of trying to get the money back for that.
A separate analysis of the University of UC Berkeley, which, again, Janet Yellen estimated that the tax would generate $3 trillion in revenues over the next 10 years.
An interesting study done by UC Berkeley.
God love him.
Amazon Jeff Bezos would have paid $5.7 billion in wealth taxes in 2020.
Bezos would have paid two.
Elon Musk would have paid 4.6.
Gates would have paid $3.6.
Zuck would have paid $3 billion.
Thoughts on the wealth tax?
She's tried it before.
I remember that.
So, look, you have to have buy-in from your own party.
And at last check, the Democrats were no longer a party for the people.
They've long since sold themselves out to corporate sponsors.
So they have to be on board.
Where did you find Fresca?
You want a Fresca?
You want one?
Yes, I'd want you to.
We'll get you a Fresca.
That's amazing.
Oh, yeah, Fresca.
But Fresca's a, it's a, it's a, really hard to get your hands on.
It is, but we have connections with Laura.
Laura, and so Sam and Laura are.
She'll be here.
Yeah, you're going to get your egg sponsor like in five minutes because they're going to trade you for Fresco.
Today's podcast is sponsored by Fresco.
Look, she's tried this before.
The figures sound like they're big, but to a lot of these multi-billionaires, they're rounding errors.
And for anybody who's offended by it, they're just going to leave.
Just look at what's happened with New York and New Jersey and the people who have moved to the great state of Florida because they're offended by bad tax policies.
These things never work out the way they seem.
But they make for really good sound bites.
They do.
Do they, though?
Do they?
When she goes out there and saying, like, I'm sitting there wondering, saying, okay, you do a wealth tax on your next campaign, you need Wall Street to fund you.
What are they going to say to you?
What are you talking about?
Exactly.
But that's what I'm talking about.
That's what I'm saying.
She's not going to get buy-in from her own party.
It's almost as if she's permanently disqualifying herself of ever running and winning anything.
But that's her job, and she'll get re-elected.
She'll be in the grave and she'll still be in office.
But not at the highest level.
You're talking about what she's doing right now.
Of course, yeah.
Yeah, yeah, yeah.
That makes sense.
What are your thoughts on it?
I guess my question is, well, number one, the tax code in America is ridiculous.
I mean, it's the most complicated thing.
You make $100,000 a year to do your taxes.
It's very difficult.
So now you're talking about these people who are worth billions and billions and billions in the tax codes and the loopholes and the tax write-offs and this and that.
The more and more I hear about flat tax, obviously Ross Perot talked about that.
Simplify it.
If you can't get it.
Keep it simple, Stupid.
The more and more, like, I think about it.
I'm agreeing with Adam.
He's very smart today with his glasses.
All right, but here's where I'm going to flip it and not be so smart.
This is why you get the comments that you get sometimes where people come after Soyboy Mafia.
But go ahead, tell us.
You know what?
Thick skin.
All right, bro.
I got thick glasses.
Plus, he hasn't shaved for a while, so he's got an even bigger layer of protection.
He works on him, though.
Flat tax.
By the way, we just found out today that a young Rudy Giuliani and a young Adam would never be in Adam's league, right?
Isn't that what it is?
I would never date a young hot Giuliani.
Never.
I would like to know the artist.
I would like to jump in hot in the same sentence as you can see.
I would like to hear our people.
We were having a conversation before the podcast.
Put a young Rudy Giuliani picture up.
Oh, my gosh.
Okay, we're going to do this?
Are we going to do this?
Yeah.
Here I am putting my glasses.
I'm trying to talk taxes.
By the way, talking to you back here, you heard this.
Adam thinks he's a dime, okay?
Adam thinks there aren't many men better looking than him in the world.
But go to a young Rudy Giuliani.
Look at that.
Look, go to.
Look at that right there.
That's a great guy.
Okay, zero to 10.
What do you rank?
He's a 12.
He's not a 12, but he's at least a seven.
Okay, let's.
He'd be at least a seven.
You called him a good-looking guy, and I questioned you.
Wait a minute.
What is good-looking to you?
I think he's a good-looking guy.
Look at that.
I think that's a good look.
What's wrong with that?
What about the one on the left right there?
Kai, go down, you're going down, you're going down, and stop, right there.
What about that picture?
Which picture?
The one where his face is falling off and melting.
He is how old in that picture?
That's right now.
You think you're going to look like that?
But here's my point.
Like, you think you're going to look like this beautiful-looking, handsome face you got going on?
I got to say, you guys still have your hair, so you have no idea.
The point that I was making about Giuliani, because obviously.
So you took shots at his business.
People want to hear about my thoughts on taxes.
They can't wait to hear my thoughts on taxes.
I get it.
My point with Giuliani is.
Here we go.
Three words.
Fall from grace.
This was America's mayor.
We're talking about what a mess New York City is.
We're talking about Cuomo.
We're talking about de Blasio.
Danielle mentioned, why can't we get someone like Giuliani back?
And I said, yes.
I said, yes, he was the man in the 90s.
Cleaned up the mafia, cleaned up the streets, took the trash out.
9-11, he was America's mayor.
was a hero.
I was there on 9-11 and he was everybody's hero.
And now he's a punchline in a Borat movie.
His face is leaking.
He's doing press conferences in front of four seasons porno shop.
Think about that.
He's had a fall from grace.
Think about the two men who were on the pile.
The pile in downtown New York.
Debbie and Giuliani.
Yeah.
Whose legacy is intact?
Who didn't say a word through all of Trump's administration?
And Obama.
And Obama, totally graceful.
His legacy is probably better now than it was when he left office.
When he left office, he was.
Well, wait a minute.
Are you suggesting the strategy is to disappear and don't do anything?
No, no.
Because that was his strategy.
Don't.
And by the way, I mean, we had Bush at our event a year and a half ago, and I got to tell you, when we had 100 people that took pictures with him, this is pre-COVID.
You know what was the most common thing everybody said to him?
They said, you know, President Bush, I got to tell you, I thought you were the ante.
I thought you were, I thought you were the devil.
I thought, and I just fall in love with you today.
Oh my gosh.
I didn't know there was this, this, this.
He got 63% of the Hispanic vote in the state of Texas when he ran for governor the second time.
63% of Hispanics.
He's a pretty solid right there.
Uptight white boy.
Yeah.
Yale.
So he would have a beer with you.
A man of the people.
Yeah.
No longer he would have a beer with you.
That's true.
Yeah.
No longer because he changed his life after an incident.
I think what he did.
So you like his flat taxes, is what you're saying.
Back to that.
I think what George W. Bush, clearly, his biggest mistake was invading Iraq and weapons of mass destruction.
Essentially, the freedoms of the future.
You mean Dick Cheney?
He's a puppet for Dick Cheney.
He'll be even smarter.
Damn.
He's going to be a fresco.
And what did he do since he's left office?
Not do anything stupid.
Giuliani opens doors to just like, where can I open the stupid door?
And he just walks right into it.
You know, I had a friend of mine that I gave this advice to one time.
I said, you know what your biggest challenge is?
He says, what's that?
I said, when there's crisis, I never worry about you.
He says, why?
I said, because you're always going to come out of it.
100%, you're going to come out of it.
I said, but when there's no crisis and everything's good, I worry about you.
He says, why?
I said, because you freaking create crisis.
Oh, is that his deal?
You don't like to be in peace.
Giuliani is a freaking wartime guy.
He needs safety.
He needs the drama.
Yeah, but that also means sometimes when you get into a street fight, you're going to get your ass kicked and they're going to show that highlight of a knockout.
And your name is Tyson getting knocked out by Buster Douglas.
That's going to happen.
This is what happens with Giuliani.
They need three to five years.
Politicians need a Hippocratic oath.
First, do no harm.
If there's nothing going on, shut your mouth.
Yeah.
And that's what George W. Bush did.
He said that.
But the point I was going to wrap up with, but some retire on time.
Some continue playing basketball and their legacy looks bad.
There's timing in retirement.
Like Bush disappeared, legacy got better, right?
Some stay in the mix too long and then there's too many opportunities to screw up.
And then there's Tom Brady.
Hello.
Yeah.
Seven, which is, and by the way, he's still continuing.
First question his wife asked after they won seven is what, is this enough?
Like, what do you need to do next?
He says, no, I got to go.
What else do you need in your life?
He says, I need the eighth.
He said, why the eighth?
So, can you imagine the wiring?
Go back to your flat taxes, Mr. UC Berkeley Union labor economy.
We're going back to the flat tax.
Flat taxes are going to make all the all the I'm with Adam on this.
If you want to, if you want Warren Buffett to pay more taxes than his secretary, then just tax him.
Don't you don't need to get rid of all of the CPAs.
You know, when you have an economist agreement with something that I just came up with over here, not that I bet you're pretty smart as well.
If you want to get rid of all of the red tape, then just do it.
Just tax them, period.
So you're good with flat tax.
I think it should be in the conversation again.
I think everything should be on the table.
Not everything, but what are the chances of flat?
What are the chances of?
Cheers, Danielle.
Salute.
Cheers, PBD.
I got grapefruit.
What do you got?
You got.
I have black cherry.
Black cherry.
Here, give me a toast.
Toast.
Here's a toast.
Fresh.
Yeah, the future looks bright.
Thank you, Fresco, our proud sponsor.
You look better with those glasses.
And Whitey's egg whites.
Thank you, Whiteys.
So, okay, so flat taxes.
Who would be against flat taxes?
Rich people.
I thought poor people would be against flat taxes.
That's crazy, right?
That you would think that.
I would think that.
Because if you're taxing everyone at 15%, 17%, 20%.
I mean, in theory.
The rich are getting 40%.
The poor are paying nothing.
Well, you just don't tax them if they make a certain amount or less.
If they're below the poverty line, you just don't tax them, period.
By the way, I think that's a great idea.
I think that's a great idea.
If you make below a certain amount.
More than a welfare system.
By the way, here's the thing.
Watch this.
Watch it.
This just took us to a completely different place.
Which would you rather have?
You guys ready?
Which would you rather have?
Honestly, I'm asking this to everybody.
Listen to this.
What she just said, we're in the different free.
We just made a right turn.
U-turn, we're going this way.
Watch this.
Yeah, I'm with you.
Would you rather have a minimum wage or if you make less than 40 grand a year, you don't pay any taxes?
Hello?
Which would you take?
No tax.
Forget the minimum wage.
Are you seriously a minimum wager?
I'm not a minimum wage.
I'm telling you, what shirt was he wearing last week?
I love it.
$15.
Bring it, you know, like fight for $15.
For the love of people, all right.
Here's a little lesson.
Danielle, before you read me a new one, he's making that up.
Before you go in on me, I suppose you're going to be able to get away from $15,000.
All right.
My business.
I do have a friend.
One of my best friends in South Florida.
He's a guy.
He is the champion of the professional.
Adam, you have a friend in South Florida.
Okay.
Yes.
Everywhere you go, you run into somebody that knows this guy here.
Adamites.
You call them Adamites.
Yeah, they're out there.
So I'm going mafia.
But continue.
Yeah, yeah, yeah.
Read me a new one.
Give me a new one.
Go ahead.
I'm ready.
My mama was born and raised in Pearsall, Texas.
The average home price in Pearsall, Texas is around $73,000.
My father was born and raised in East Haven, Connecticut.
It's east of New Haven.
Average home price, there's about $250,000.
Should the average worker make $15 in Pearsall and in East Haven?
Clearly not.
Okay, good.
See, next.
This is why I'm against a federal minimum wage, but in certain Connecticut rich areas or South Florida, Boca Raton, there needs to be.
You've never been to East Haven.
It's not the right place.
It's not where it's at.
It's not the right side of.
No, it's not.
Danielle, can you get used to being in Boca Raton more often?
I just want to know that.
I'm so loving it here, guys.
Okay.
Because I heard from the people at Louis Boss's, you had a great time last night.
Oh, my gosh.
Woo!
They called me this morning.
They said, oh, by the way, management team.
By the way, Danielle back.
Give her a second wake-up call.
Yes.
Okay.
So you are in favor of governors or mayors implementing some sort of minimum wage, but not federal government.
Did I understand that correctly?
It is the job of this.
This is why we have the separation.
I was saying is, I mean, take the camera off.
I'm trying to see if Paul is paying attention.
So if I signal to you, that's what I mean.
But don't worry about it.
You missed the signal.
Everybody else caught what I was saying.
There's an egg white signal?
No, no.
The egg white signal to Paul is get off your Instagram.
Well, you guys are going to be able to do it.
Stop DMing your girl, okay?
I know I'm watching, but you guys read it.
Oh, we know that's not a true thing.
Paul was sixth place.
Stop that, buddy.
My guy.
Paul and Paul and Brady are going for it.
Hear me out.
Yeah, honestly.
Hear me out.
Danielle, I know this was just accidental how we got into the conversation.
I'm actually, if you actually pitched, you make less than 30 grand or 40 grand, don't pay any taxes.
No.
But let's eliminate minimum wage.
So meaning if you're making $7.20 an hour, $7.25 an hour, whatever the number is right now.
$15,000 a year.
Well, you're making more.
Pick the number.
You're making $10 an hour out of job.
$20,000 a year.
$20,000 a year.
If you're making $10 an hour, if you were to pay taxes, how much are they taking taxes out of you if you're making $10 an hour?
Well, I don't think you pay any taxes if you make less than, I think, $12,000 or $10,000, like zero.
That's a zero tax.
Okay.
Take minimum wage out, no taxes paid until you make $40,000.
Sure.
So the only number we deal with is what?
Raising or lowering that number, not minimum wage.
Cool.
So which means if we go four years from now, five years from now, 10 years from now, due to inflation, that 40 goes 45.
That 45 goes 50.
You don't pay any taxes below that.
If you make about 50, you pay taxes.
I'm in.
I'm in.
Eliminate, eliminate, eliminate minimum wage.
Minimum wage.
Yep.
And eliminate minimum wage and eliminate the progressive tax.
Just put a flat tax on it.
You're going to make government work.
Watch out.
Why is government going to work?
What do you mean?
It's going to work.
If you do something that simple, government actually works.
It functions.
Buddy, that is an incredible conversation.
Why aren't these kind of conversations?
You give me frosting on the cake of term limits and we're all good.
I mean, look at Pat Toomey.
Pat Toomey's my hero.
Oh my gosh.
I've got like the Pat Toomey poster on my ceiling.
Pat Toomey's your hero.
Term limits.
I'm sticking to them.
Pennsylvania where's Penny?
Pennsylvania.
Pennsylvania, Pat Toomey.
Democrat?
No.
What is Pat Toomey?
I don't know.
But he's moderate.
Didn't he vote against Trump?
He is a moderate, and he did.
He voted against Trump.
Insurrection.
I love how Adam says to me.
But I mean, look at people like Maxine Waters.
I'm not that into it.
I'm not in.
People who have been in Congress for decades and decades and decades, they're just taking up space.
They're not legislating.
They're not governing.
They're not doing anything for the people.
Yeah.
Like that one guy.
What's that one guy?
He just won the presidency.
What's his name?
Oh, Biden.
Just takes up space.
Stop it.
What's that one guy's deal?
I'm getting assaulted here.
You know, he hasn't done a press conference yet either.
Who is that?
Joe Biden.
There's tons of articles.
Who is that?
Who is that guy?
Press conferencers are a bitch without a teleprompter.
And they cut out his.
I'm sure I said that out loud.
He's like, Danielle cursed more than me, and that's a problem because, you know.
Whoa, whoa.
All right, let's talk about Governor Abbott.
Let's talk about Governor Abbott because this one's about to get really exciting here.
Danielle's governor, to put it no longer our governor.
Ours is DeSantis, which I don't think she's a fan of DeSantis either, but we'll talk about both of them.
Okay, so Governor Abbott announces plan to fully reopen businesses, ending state mask mandate.
Texas Repropital governor's palms don't want to explain 100%.
Abbott issued an executive order that resents many of the state's previous orders allowing all businesses in the state to fully reopen and revoking the statewide mask mandate.
To be clear, COVID has not like suddenly disappeared, said Governor Abbott responsibly.
COVID still exists in Texas, the United States, and across the globe, but it is clear from the recoveries, the vaccinations from the reduced hospitalizations and from the safe practices, Texans are using the state mandates are no longer needed.
Businesses are able to limit capacity or implement additional safety protocols if they choose to, which is wonderful.
He's leaving it up to you, you know, Danielle, to choose and say, we believe you should wear a mask.
It's a choice, right?
And Governor Newsom quickly responded to the announcement on Tuesday, uh-oh, calling it absolutely reckless.
In a Twitter post, Newsome has leaned towards stricter guidelines in California's pandemic response.
Danielle, what are your thoughts on your governor?
Well, I think that he was a little upset with the straw poll at CPAC that gave him a 0% probability of being president in 2024.
So you think this is because of that?
Oh, yes.
I think he needed a moment.
He was looking for headlines?
Oh, yeah.
Let me ask you: do you think he wants to run?
Let's see.
One, two, three.
How many times did he visit the White House?
Four times?
When Trump was there?
So you think he wants to run?
I think every governor has aspirations.
Especially when it's the ninth largest economy on the planet.
You're saying if you get to that level where you're the governor...
You have to have aspirations.
You have such high, lofty aspirations, you can see yourself being president.
You're...
Florida's former governor is in the Senate now, and he's got aspirations to go.
But let's do this.
So you touched up on one part of the whole thing.
So he announces he's opening it up 100%.
And he leaves it to you business owners in Texas.
I'm one in Texas.
I have a big business, decent-sized business in Texas.
I've heard.
That if we want to open it up, we can open it up.
If not, we don't open it up, right?
You say it's because he got 0% chance from CPAC running again, and that hurt his feelings.
So he wanted to get relevant.
Hey, here's what we're doing.
And all of a sudden, media gets a few hundred thousand likes on Twitter.
Everyone's talking about it.
Everyone's saying yes, no, disagreeing.
But how about the actual mandate?
How about actually lifting it?
What are your thoughts on lifting and putting it at 100% and getting people back to work?
Getting people back to work has been.
I think small business owners that are not able to get that.
Now that's a red herring.
Getting people back to work.
Look at how you run your company.
People, individuals in their cubicles, they have their own mandates in terms of who can get close and who can't.
So you run your business responsibly.
Every business can be open.
Opening bars at 100% is asinine.
It just is.
You're assuming people are going to be responsible, and they won't be.
Look, there's a reason that life expectancy in Asia is longer than it is here in the United States.
There's a reason that we didn't have a flu season in the United States.
We were all protected from one another.
So there's something to be said for not getting sick.
There just is.
Look, but again, it should be up to the business owner, but you need to have a responsible governor.
You just do.
But I'm sorry, Danielle, I'm confused.
So you are saying leave it to the small business owner to decide whether you want to manage.
In public places, though, wear the mask.
Okay.
Oh, you're saying, but in public places, he should say you should wear a mask in public places.
In public places?
Such as when I'm out, when I'm running, when I'm walking.
Of course not.
Then you're Newsome.
Then you're like, no outdoor dining.
What an idiot.
Okay, so you're not Newsome.
You're not Abbott.
What are you?
I'm in between.
I'm trying to ensure that people are as responsible as they should be.
Did you enjoy dinner last night at Louis Boston?
I did.
How was it?
It was great.
Where were you sitting at when you ate?
The bar.
How many people were at the bar?
Tons.
Tons.
Why did you do that?
But we were not all over each other.
Well, you know, people are not all over each other.
In Texas, they have a little bit more etiquette.
They'll say, hey, I'm sorry.
Wait, People in Texas have more etiquette?
I think more than Florida.
Not Boca Rose.
No, Florida, they're very, listen.
Here, this is like people who are like, do you know who I am?
The etiquette here is, do you know who I am?
The etiquette in Texas is a little bit different.
There's a lot of New Yorkers here.
So, your customer service in Florida is not Texas customer service.
That's true.
So, but you enjoyed yourself last night.
I did, but I think that there's a certain amount of comfort that you get in knowing that other people have masks on.
Did you send a tweet thanking DeSantis?
Did you say, Governor DeSantis, thank you for allowing me to eat at Louis Boss's and enjoy this Italian food and the glasses?
He is so my favorite person.
But here's DeSantis.
So, how do you feel about DeSantis?
All right, I am picking it up.
How do you feel about it?
Now, DeSantis on the other end, you know, Abbott got 0%, but DeSantis on the other end.
Oh, huge.
Okay, so Mr. CPAC.
Yes.
So he is a star in a making that actually has potentially what it takes to be your president.
Maybe mine, maybe his, but he could be our president, right?
What are your thoughts about DeSantis?
I'm actually curious to know what you're going to say about DeSantis.
So, here we go.
In the Florida Panhandle over the summer, when I came here with my family to vacation, as I do every year, I got away from Destin and the more crowded Rosemary's.
I took a step further beyond that, and I only went into Walmart's because sounds like my kind of party.
Because they mandated masks when he wouldn't in the middle of a wave of COVID.
And making teachers go back into the classroom when they should have maybe stayed out for seven days, which he amazingly did.
It's just you say that's irresponsible, right?
Totally.
Qualified irresponsible.
But he doesn't care.
Okay.
You have a certain appeal.
If you appeal to the rebel, to the Trump, there's a Trump in a lot of people.
If you appeal to that person, you're going to make all kinds of brownie points.
You're going to be really popular at CPAC.
Oh, I don't think that's it, though.
I don't think it's just that.
I'm talking pure results, is what I'm talking about.
The unemployment rate in the state of Florida is not any better or worse than it is in the United States.
Yeah, but it's way better than New York and California.
So go to the people that were ridiculously control freak, et cetera, et cetera, and what they did.
They're an American.
But here's my argument for DeSantis.
Here's my argument for DeSantis and my argument for Abbott, okay?
You know the story about Disneyland, Disney World.
This is not a new story.
So Disneyland, you know, you know, they weren't working with Bob Iger.
Same company, two companies, and Bob Iger's a Democrat.
Newsome wasn't working with him.
You know, eventually he's like, dude, I'm not even going to work.
I'm going to Disney on Easter.
Yeah.
So Disneyland shuts down.
25,000 employees lose their jobs.
Disney World's good to go.
They keep their jobs.
So people are able to go feed their families, get the food, pay the rent, all that other stuff.
Same CEO, Iger, two separate governors, Newsom, DeSantis.
DeSantis helps Disney stay in business and the employees keep their job.
Newsome fires 25, I think, maybe the number is even 78,000 people.
I don't know the exact number, but it was a big number that lost their jobs, right?
Okay.
So let's talk about a sport that would be qualified as the most liberal supporting sport in America.
Which one would you say that is?
Take the four sports.
Basketball.
I think it's fair to say NHL.
We don't even know what NHL would be, but NHL is a woman's sport.
Okay, they have more female fans than any other sport.
NHL.
NHL.
By far.
It's not even funny.
We like to watch men beat each other.
Yeah, that's right.
Okay, so there you go.
So, what sport is the sport that supports BLM liberal followers?
The social justice campaign of the NBA.
Which is clear.
The NBA.
So the NBA, who would fully disagree with DeSantis because of his irresponsible actions, is here, decided to do their playoffs in Florida.
The Super Bowl decided to do their Super Bowl, a Super Bowl in Florida.
DeSantis is trying to get Olympics to be in Florida.
Why are people from New York, nearly a trillion dollars of wealth, say over half a trillion dollars of wealth, moving to the most irresponsible state, Florida?
Why are so many Californians leaving to Governor Abbott's state?
Why?
If you sit there and you look at it from my perspective, the way I see it, he says, responsible, make the decision, small business owners, do what you need to do.
Responsibility is on you.
Let's do the right thing.
We have no problem with that.
Yeah.
But I also think, you know, to lift what he did in Texas and what DeSantis did in Florida, I think these guys came out being heroes.
Look what happened in New York.
Every single day we watched Cuomo.
Every day we were watching Cuomo.
And you know how I feel about Cuomo.
I've said this before.
A year ago, you were a huge fan.
But wait a minute.
I've never said I'm not.
What I'm trying, even till today, I think the guys, the two brothers, to me, there's an element of it that I see family.
I see how their Thanksgiving would be.
I'm a traffic.
They interact.
They joke.
Forget politics.
I'm simply talking about...
They're Italians.
They're Italians.
It's like, hey, what's up?
And their dad, Mario, you just kind of feel that you'd want to be at their house at Thanksgiving.
You know, if you're a friend, you're like, hey, hey, Cuomo, I'm coming over.
Okay, cool.
Come on over.
Family's waiting for you.
Unless you're a young woman.
Unless you're a young woman.
Yeah.
Unless you're a young woman.
Okay.
So again, you know, it started off, Cuomo was a hero.
He's going to be the next president.
Newsome's a hero.
Oh, he's so responsible to be next president.
One guy's about to be recalled and the other guy's about to be impeached.
And DeSantis and Abbott look like rock stars.
So COVID kind of made Abbott and DeSantis look like rock stars.
And the two other governors, I don't know about that.
And you know, the irony, the irony is that if you look at the per capita death rate in these states, they're all kind of on top of each other.
So for all of the overbearing regulations that were imposed in California, it didn't save the lives.
So that's just message.
That's the problem, though.
What is that?
That's that you can go too far.
That's what I'm saying.
I don't mind a mask mandate in public areas, but let business owners do whatever they need to do to be in business.
Well, I'm glad I lived in Texas for five years.
I'm glad I moved my headquarters from California to Texas, and I'm glad I'm in the state of Florida.
I cannot tell you how safe I feel as a business owner, as a small business owner entrepreneur.
I am glad I'm in these two states because I have offices all over California.
I'm all over Northeast.
I'm all over DMB.
But you can over-deregulate.
That's what's been happening with those two states.
Because guess who was in Austin during Ice Mageddon?
Musk himself.
He was none too impressed.
Yeah.
So you can go too far on either end of the spectrum.
2011, there was a Super Bowl.
There was ice everywhere.
The power grid failed.
The power grid, ERCOT in Texas, said, we're going to fix it.
2014 failed again.
We're really going to fix it this time.
We're going to take those suggestions to weatherize our power plants.
A few years later, 2021, people die.
And it's a third world experience.
So you can go too far in terms of not having regulations.
I don't disagree.
It was very disappointing.
All I said is, how's a state this big wasn't prepared for the storm that they had, right?
How's that even possible?
But at the same time, Danielle, if we flip it, how does a state like California, every flipping year, lose people to fire?
And it's not a one-time thing.
At least Texas, this is the worst they've ever had in 100 years.
How does Texas, California, every year, you got the fire?
Everything, you can't figure it out.
They wrote the book on how to not run your paragrid.
California did.
Texas at least had an example to follow.
Yeah.
The mudslides, the fires.
It's just.
You have to want to be there really badly because you get the weather from Florida.
Yeah.
But you get the taxes from California.
Who would do that?
To beware.
Who would live in California with those taxes?
Quite a lot of people.
Third largest economy.
Yes.
Fifth largest economy.
It's fifth-largest economy in the world.
I get it.
I'm out there once a year, but who would pay those taxes?
I just don't get it.
When you can live, and so many companies are agreeing.
Yeah.
And that's why on my Twitter feed, all the Californians when Texas was freezing, there was just the word is Schadenfreude.
They were so excited that there were people suffering in Texas.
And I'm like, are you serious?
Yeah, of course.
They were nasty.
Yeah.
And I'm like, you're supposed to be, you know, people from the happy state.
It's unfortunate.
That's not America, though.
But that is a lot of voters on both sides.
You know, there's a lot of voters on both sides that...
That's why they call it the left coast.
Yeah.
Just a quick point on like, why would you live in California?
I'll give a case example.
We would hear for years and years and years, New Yorkers are considering coming to Florida.
And like every New Year's, like, oh, the New Yorkers are here.
You know, oh, why would you live in New York?
Why would you live in New York?
Well, you know, well, you know, the taxes and the weather.
But it took a freaking pandemic and Zoom and being able to work from remote for people to say like, you know what?
You were leaving New York before COVID.
Yeah, but not in droves like this.
No, not in droves.
And that's my point with California is now with Zoom and WFH, work from home and work from anywhere.
Now you have that luxury, whereas maybe J.P. didn't have that luxury.
You put up for lease 800,000 square feet of office property.
J.P. Morgan's going to have a bigger footprint employee-wise in Texas than it's going to have in New York.
800,000 square feet of office space in New York.
Pat wants to see states like New York and California be completely flipped on its head.
Do you know?
You need a rung.
You need a young Rudy Giuliani.
You just do.
A young hot Rudy.
You're so funny.
Okay, he was never hot.
He just said that he was good looking.
I mean, don't go too far here.
He's a 708.
That's all I said.
He's a 708.
7 or 8.
5.5.
What would you say you are?
What are you, Adam?
7 or 8.
No, you're not 7 or 8.
I put you as an 8.5.
Damn, can't even get a 9 for Penn.
No, no, it's not.
I don't know.
I don't like the grading system.
He's not happy with you.
Look at all.
He wants to know.
He wants some kidding.
I'm more obsessed with Rudy Giuliani.
People think we're joking that I was going to think about 8.5.
No.
People think that I'm the one who thought that Rudy Julian was hot.
We had an argument.
We had an argument.
You were vouching last time.
You were vouching for Rudy Giuliani.
I thought that he's kind of gross.
One of the best-looking guys I know.
How about that?
One of the best-looking guys I know.
If I'm one of the best-looking guys in this room, you know, I know a lot of good-looking guys.
You're one of the best-looking guys, man.
Sex problem.
Okay, so let's continue.
By the way, by the way, so we talked about Texas.
They did what they did.
Target Toyota, GM, and Macy's in Texas keep wearing masks, which is fine.
Do your thing.
Employees at GM, Toyota and something in Texas, will keep their masks on.
The company said on Tuesday, even as the state lifted, okay, good.
Abbott's executive order lifted.
Okay, got it.
We know that.
Relaxing common sense safety protocols like wearing masks is a mistake.
Jason Brewer, Vice President of Communication at State Affairs of Retail Industry Leaders Association, said, adding that going back on safety measures will unfairly put retail employees back in a role of enforcing guidelines still recommended by the CDC.
Okay.
35 other states, Puerto Rico, as of Monday, 35 U.S. states will, along with District of Columbia and Puerto Rico, mandate the residents wear masks in public.
Iowa Mississippi, Montana, North Dakota, have lifted mask orders earlier as well.
So, you know, you're looking at this.
What are the other 11 states that have done it?
Montana, Iowa, North Dakota, Mississippi, Georgia, Florida, South Carolina.
Georgia was never even had a mask mandate.
Yeah, they've never mandated a mask mandate.
So, again, I mean, we'll see what's going to happen.
The reality of it is, every time these types of decisions are made, every time these types of decisions are made, all the, you know, one lady came out and she said, she tweeted, she said, I just want you to know this is a very irresponsible decision.
I will never, I'm a Texan.
I will never go anywhere without wearing a mask.
Matter of fact, I'm double masking right now when I go out.
So great, do it.
That's her business.
She said, I hope they don't force me to take my mask off.
I said, no one's going to force you to take masks off.
What are you talking about?
I said, for how many decades have you gone to the airport and you see folks flying from Asia?
Put their masks on.
And I would always say, why do they put their masks on?
Like, what happens in Asia?
Why do they have a longer life expectancy?
So you think it's because of the mask versus the food they eat and how calm and peaceful they are and Mediterranean diet.
But they also don't have a flu season like we do.
I mean, they just believe that germs are not for sharing.
But it's just a way of life.
I don't know.
But look at what their economies have done in a COVID world.
So many of their economies have not been hit hard.
Well, China is the only country.
I'm not talking about China.
I'm just saying China is the only country in the world to have a positive GDP for 2020.
Only what a deceptive thing is.
That was actually fake math.
Sorry.
Well, are you going to trust China?
That's what you're saying?
We can't trust you.
Well, you do.
I know you get your data from China.
Only.
I only get it from China News Network.
I'm sorry.
They went back into 2019 and revised economic data in order to mathematically fabricate a positive.
So no country had a positive GDP.
No.
So even China.
But countries like Saudi Arabia, there were a lot of countries that did a lot better.
True.
But why would China, like, walk me through, you know, China's mentality here?
Why would they want to be known as the only country to have a positive GDP?
Because they want to.
Wouldn't that put it more of a target on their back from you caused this and you're succeeding through all this and the rest of us are melting away?
You think they care?
Well, obviously not.
All right, walk me through Ross.
I just got the CCP off my damn Twitter feed.
I just need to be quiet now.
They finally went away.
They were what?
They created all these impersonators on Twitter accounts.
China's moderating them.
Damn.
Look, they have their eye on the prize.
They have their eye on Patrick's 2025.
They do.
And we're focused on the midterm elections right now.
By the way, the one thing about China you've got to respect, man, they are so united at the top.
Like, when do you hear a politician?
Now, obviously, it's communism.
It's a choice.
I totally get it.
Yeah, but Xi Jinping was a quiet bureaucrat before he rose up and became stronger than Mao.
Yeah, so you have to think about in U.S., like, as much as what the Constitution was written, I wouldn't want to live anywhere else.
It also reveals too many of who's against who.
All you have to do is watch the news for like a couple of days.
Like, okay, he hates him.
She hates her.
They're on the same page.
It looks like they're on the same team.
Okay, good.
Here's why we're going to negotiate.
Boom, I mean, it's so easy to go up against U.S. because you know, hey, well, you know what Trump said about you the other day when we're talking.
I just want to make sure that you know that we have your back.
You don't think these types of things are being played on a behind the like have you ever had anybody that try to manipulate and negotiate you and you're kind of sitting there like wow, you are so freaking good.
You would probably get a lot of other people the way you just did.
Patrick, let's just face it.
You're 10 times better than, you know, Bobby.
And I know Bobby's your boss, and I know this, but let's face it, without you, he's a nobody.
And you know they're like, wow, you are so deceptive, buddy.
Wow.
Just sitting there listening to the language.
You know, Adam, you know, if I was your girlfriend, you don't need, like, a girl says that to you and you're not in likes.
You're like, oh, you would?
Oh, really?
You would treat me better?
Okay, that's great.
You're done.
You're done.
We're going.
So we're just giving our dirty laundry to the world and saying, hey, use this against us.
Come on down.
And it's making it so easy somewhere.
But that's not new, right?
We've been doing that for 200-something years.
Not 200-something years, not 200-something years, because 200-something years ago, media wasn't the way it is today.
It's not socialism.
No way.
So when they came out with what they came about back in the days, you didn't say something.
Two seconds later, China already knows what you said.
You said something.
It may take two months until they find out what you just said.
Okay, so the speed of being able to retaliate wasn't that quick when they wrote the Constitution.
Today, I say something right now.
China could have somebody watching us to make sure we don't say anything bad about China.
They have one job: monitor these podcasts to see what they're saying, specifically these guys.
Because she said stuff about China, he said stuff about China, she said stuff about China.
We don't know this stuff on what they're doing.
So easy for them to do it today versus what it was 200 years ago.
And they do it with no fear.
Remember, the international court system came out when Barack Obama was in office and said China is violating international law with building out the South China Sea.
And they're still doing it.
And they're still doing it because the United States looked the other way.
And now we have his protege.
Bottom line.
80 years older.
We've been talking about China doing all, you know, stealing intellectual property, breaking international law.
For a generation.
For a generation.
WTF.
Like, what are we, like, is there going to be a hot war?
Is there a Cold War?
Is it a trade war?
Like, what in the F is actually going to happen?
Are we just going to talk about it and talk about it and talk about it?
Like, the Bitcoiners will tell you that Bitcoin is going to take over.
But that means that the past 400 years of history is gone.
History.
Because in the past 400 years, if you're going to lose the reserve currency status, which means you rule the world, there's been a hot war involved.
And that's just history.
There has been a hot war.
And who is building up their military for the first time since World War II?
Germany.
And who is now more reliant on China for their economic growth than they used to be from the United States?
Germany.
So China's an interesting thing because if you look where they're investing money, in 2016, they put more money into the United States than they did into Europe.
And then Trump won, and they quit putting money into the United States, and they started putting money into Europe.
And if you think about world history and building alliances and world wars and hot wars, you cannot have a hot war unless you have an alliance.
And that's what China's building very proactively.
Who's on China's team?
I mean, we know that they're pumping money into Iran, as an example, and they're pumping money into certain countries into Africa for sure.
But who's like, I'm with China, no doubt.
What's up?
Look at South America and all of the copper, soybean.
Look at the exports.
Look at who has pumped up that entire subcontinent's economy in the last generation.
So they have built out the infrastructure and energy in Africa.
But I'm talking the big countries, the big countries of the world.
Did I mention Germany?
Okay, so Germany's on Team China, not Team United States, is what you're saying.
They're not on Team EU?
It remains to be seen.
We all know what happens when freaking Germany gets a freaking army on its side.
But again, Germany is building up its military.
You're saying allies.
You're saying allies.
The United States knows that we have Canada up here.
We've got, you know, obviously pretty much every country in the EU.
We've got Australia.
We've got certain countries all over the world that have our back, no matter what.
I mean, we've got differences, what have you.
What can you say about China?
Is Russia have China's back?
Iran?
Of course.
Okay.
Those two are there.
Saudi Arabia?
Saudi Arabia?
It's on whose side?
China.
China?
We're on our way to being independent energy-wise.
So we don't rely on the OPEC nations as we once did.
Where's this going to culminate, I guess, is my point.
We talk about it.
We talk about it.
China's doing this.
China's doing that.
They're going to take us over to 20 years.
We started talking about $1.9 trillion.
That's not going towards job creation.
We're still on the first topic, by the way.
We're back to Bitcoin.
$1.9 trillion.
Okay.
I mean, you know, China is enemy number one.
There's no question about it.
Yeah, it's not even closed.
Well, first of all, enemy number one is internal, is within the U.S.
It's a mindset.
But I think outside of that, it's China.
I don't think enemy number one is the same.
You just talked about a great deal.
I think you just said it the right way.
We're our own.
The United States is its own worst enemy.
Exactly.
This is unfortunately.
I've lived in other countries, and I've had the benefit of living in three different states in America.
And when I mean, I also lived in Kentucky and Tennessee, but I'm talking I lived in three different states as a business executive, right?
You lived in Kentucky?
I lived in Kentucky and Tennessee.
He's in the army.
Yeah, when I was in the army, I lived in Kentucky, South Carolina, and Tennessee for two and a half, three years.
And I lived in Iran, I lived in Germany, so you have an experience and politically on one side, mom's side, one side, that side, one side.
You know, America cracks me up when some Americans who have what they have, they keep taking shots at America.
It's very, very weird for me when I see it.
Very weird for me.
So I do think number one enemy is America itself.
How do we heal that, though?
Like within ourselves?
Like before we start fighting with China, how are we going to heal that internally?
I don't think you're going to be able to.
Let me explain to you why.
Because if the only, so who stokes it?
Think about like who gets the who fires us up?
Who divides us?
Who pins us against each other?
For as long as there's a business model for that, this is not going away.
You're saying the media?
Yeah, for as long as there's a business model for media, this is not going away.
They're not making money right now.
The CNN Foxes are not making money right now.
You're not watching CNN Fox as much as you used to a year ago.
You're not watching it right now.
It's not a Trump shit show.
Well, because Biden is not doing any press conferences.
Biden's been instructed by his team to not get on TV and talk.
Biden's not saying anything that's, oh my good, you hear what he said?
He's making the life of the media a living hell.
Nothing.
They don't have a job right now.
There is still more coverage of Donald Trump than there is of Biden today.
Of course.
In the media.
In the major media.
That's what media needs.
Media needs an enemy.
Unfortunately, the enemy is America.
So the media's enemy is part of their team.
So for example, let's talk about Cuomo, right?
Let's talk about Cuomo real quick.
What happened to Andrew Cuomo?
This whole sexual harassment thing that took place and another person came out and another person came out.
Charlotte Bennett came out, 25-year-old former aide, you know, and you see the picture with him on the hands on the face.
This is an inside job.
Okay, and all these other things.
And you're saying, okay, you know, age doesn't matter.
He told her as he asked her about her feelings about age differences, relationship conversation.
She told a friend about Texas.
He's fine with anyone about the age of 21.
She said he told her.
Okay.
And all this stuff.
And Cuomo told her lovely relationship celebrity, Sander Lee, his girlfriend for 14 years, ended in 2019.
And then his brother gets heat, right?
Hey, Chris Cuomo criticized for hypocrisy after he said he won't cover brothers' controversies.
Chris Como widely said, before we start tonight, let me say something that I'm sure is very obvious.
Obviously, I'm aware of what's going on with my brother.
And obviously, and I cannot cover it because he is my brother, right?
Right?
He is my brother.
There's a natural conflict.
There's a natural conflict there.
So, first of all, what are your thoughts about what's going on with Andrew Culeman?
And we'll talk about his brother.
And then this all comes back to me with what I was talking about: with America is undermining their own American, like their own allies internally versus China.
The point will get there, but what are your thoughts about what happened with Andrew Commission?
This smells like an inside job to me.
This smells like it's coming from within the Democratic Party.
Why you don't?
It's too orchestrated.
It's too organized.
Everything is so scripted, you're like, they've been waiting for their moment.
They have.
And I don't know what the Democrats have against this guy, but this was not something from outside the Democratic Party.
What makes you even instinctively go there, right?
Like, why?
Because the Democrats are coming out against him.
They're the ones calling for him to be able to step down.
Let's go with that.
Like, why are they even thinking, all right, we got to take this man down?
Is it because all the deaths at the nursing home?
Is it because the nursing home scandal is definitely because, again, he presented himself as the perennial governor.
I'm doing everything right.
I'm going to write a book about it.
It's all about me, And then you have this scandal erupt, and you've got the second highest per capita death rate in the country after New Jersey.
It doesn't look good.
So you think these are the Dems within the New York government?
Within all the Dems?
Yes, absolutely.
The de Belasios of the world, or even the state government.
De Balasio cannot stand public hatred between those two.
But why, though?
Why?
So why are they.
I do agree it's an inside job, but why are they coming after this guy?
He's a candidate.
He could be a face.
He could be a marketable guy.
Why are you going after Cuomo?
Is it because, you know, the Democrats, there's two Democrats right now.
You've got the AOC Bernie Sanders side of the Democrats, and then you have the Democrats that Biden, all the rest of the Democrats.
The mansions.
Yeah.
So.
My people.
Yeah.
So which group is going out?
Because they asked Nancy Pelosi, yes.
They have to go out there and investigate it.
They ask irresponsible.
They asked Mayor DeBelasi, yes.
I mean, it's like everybody is throwing him under the bus.
You know, whether it's the Biden side, the Biden camp, or the other side, they're all throwing him under the bus.
Why is that?
They didn't like his rise to power.
They didn't like his hogging the spotlight.
I mean, I can't say.
I don't know.
But it is definitely an inside job.
And by the way, you know, like the things that came up about him, did you think anything was severe?
Like, do you think anything was out of control?
Look, here, God, I can just hear my Twitter feed.
There's nothing illegal about being a dirty old man.
There's nothing illegal about being a dirty old man.
Okay.
He didn't, I mean, he didn't.
There wasn't, I mean, from what we've heard thus far, there are no allegations that wander into physicality.
Right, right.
Did you hear his press conference yesterday?
Did you hear him crying yesterday or no?
Crying?
I was on an airplane.
No.
Did you see him crying yesterday?
I did not, no.
Okay, so he apologized.
Did you guys see it or no?
He cried?
He cried on national television.
Cried.
Well, we can't do it because they're not going to let us play the video because they're going to flag it.
But Italian men cry.
It happens.
Yeah, but he was crying.
He was literally crying, saying, He says, At first, it didn't seem, but I have to tell you, I have come to a conclusion, this was not okay.
What I did was not okay.
And, you know, but, you know, and yes, I am going to change my approach, and I shouldn't have done this.
And he's crying while he's saying this.
I can't see Cuomo crying while he's saying that.
If you're the father of a daughter, would you want somebody talking to your daughter like that?
No, you wouldn't.
But it's not a crime.
But Italian men, they feel guilt.
They get all emotional.
Trust me.
My Uncle Philip can crown a dime.
Yeah, but you know how I process that?
Here's how I got a daughter, and she looks like a kukla.
In Armenian means like a doll.
She's like, look, she looks like her mom.
Can I really prevent somebody flirting with her?
I don't know.
Can your husband prevent you sitting on a flight with another guy, you know, on a flight flirting?
I don't know.
Can folks in how many rich billionaires do you know in their 60s that are dating 25-year-olds?
I mean, how many, here it's very normal.
Just so you know, it's very, very normal here.
I've actually noticed.
Okay, yeah, it's very normal here.
So, so, so, you know, I think that's on the daughter.
I think that's on the conversations with the daughter of a, but I'm not going to be telling her, oh, no 55-year-old's ever going to flirt with you.
It's going to happen.
it's inevitable if you go to a bar it's just so for me it's like I sit and I say I swear to god if somebody breaks my daughter's heart I'm gonna kill this guy right What am I going to do?
Someone is going to probably end up doing it.
That's irrational.
Yeah, it's irrational.
If somebody beats up my sons, you know, we're going to go out there.
I'm going to meet their parents.
You know, it's going to happen, right?
So it's happened for all of mankind.
The challenge is, the other day, Bill Maher did a skit.
I send it to you.
I don't know if you're watching it or not.
He talked about cancel culture.
And he said, are we really going to do this?
By the way, every, I wish I could play it for you so we can watch it together.
We cannot.
Everybody needs to watch Bill Maher's cancel.
If you send me, matter of fact, six minutes, kid.
It's six minutes, but you got to watch it.
It's on his Instagram account.
Save it.
Why don't you put the link somewhere in the comment section later on once the podcast is over for people to see it?
You know, he came from an angle, like, what are we going to do?
Every single time something comes out from 50 years, you know, Dr. Seuss is being canceled.
He's been dead.
People are being now.
So originally it was hearts being canceled, comedians being canceled, actors being canceled, businessmen being canceled, and now dead people are being canceled.
So what are you going to do?
Future babies that are going to be born being canceled?
Like, what are we going to next?
At my kids' elementary school, they had Dr. Seuss Week, and all the dads would sign up online, and they would pick a Dr. Seuss book to go read to the kids.
I mean, seriously?
I have a random question.
I have a random question.
I was going to ask this before podcast, but I'm going to ask you guys.
Have you ever met anybody in your lifetime that wasn't racist?
That wasn't?
Wasn't.
That's a loaded question.
I think everyone has some sort of predisposition to, well, this.
What is racism?
Right.
What is racism?
Okay, listen, there's that person's a freaking racist, blatant racist.
Or there's people who are, I think the word you're looking for is prejudice.
Like you have sort of a predisposition to the word racist.
So put them together in the same family.
Prejudice, racist, stereotype.
Just put them on the same thing.
Stereotypes, that whole thing.
Yeah, but there's a difference between...
Okay, so you grew up Italian on the East Coast.
Yeah.
So I mean, you grew up with Polish jokes.
You just do.
Do you really hate Polarks?
No, you don't.
But there's a difference between racism and bigotry.
But okay, who's not a bigot?
Who's not a bigot?
A lot of people.
Let me ask you a question.
Do you think the same folks that are talking about what's going on with BLM, you don't think they're – I was in the military.
I've worked in regular jobs.
And I cannot tell you how many.
I grew up not liking white people because everybody that was in my community saw white people as the rich people that have all the money and we work for them.
You grew up, you're like, that still exists.
I understand that.
What I'm saying to you is, so for me, I went to get my first job at Ballet's.
I walk in.
I had a had a beard at the time and I was pretty big, big guy at that time.
So I walk in and, you know, I may not look like the friendliest guy.
So here, you know, the guy that hires me later on says, you know, I got to tell you, I don't like you at first.
I thought you were this cocky, arrogant Middle Eastern guy that, you know, came in here and all this stuff.
And I was worried about having you being here.
That's a form of, you know, bigotry.
That is a form of prejudice.
That is a form of stereotyping.
All Middle Easterns are judging a book by its cover.
All Middle Easterns are.
I remember.
All women are.
All whites are.
I mean, 9-11, after, you know, there were all these people, taxi cab drivers getting beaten because they put everybody was in the same Middle Eastern areas.
I'm crossing the line as that.
That's crossing the line.
Exactly.
I think targeting is crossing the line.
Yes.
I think that is problematic.
But just because somebody, you know, people should have the right to not like you.
People should have the right to say, you know what, I just don't like your style.
People should have the right to say, here's my, they should have the right to.
Well, I think there's a difference between thoughts, between words, and between actions.
Actions.
So everyone has thoughts.
Like, if I'm at an ATM, anyone who walks behind me, I'm like, who's this motherfucker?
You know, like, could be a five-foot woman.
I'm like, well, you know, like, or your thoughts.
But then taking it to a different level, all right, words.
What are the jokes?
What are the things you're saying?
What are the comments you're making?
And again, that's a whole different level.
That's like, all right, you've taken your thoughts and now you've vocalized them.
I don't know about that.
And now when you took it into action, you start beating people up because they look a different way.
What are you talking about as physical abuse?
That's a totally different level.
The murder rate in the United States is going through the roof.
Why, though?
They have done extensive studies and they have found that when there is a lack of confidence in the political leadership of a country.
Come on, guys.
I'm sorry, but it's true.
Oh, come on.
The murder rate goes up.
Oh, my gosh.
But is that a study?
It is.
Okay.
I can send you all the links.
You're saying that you don't believe that?
No, it's not.
My gosh, guys.
What I'm trying to say, America may be the most inclusive.
Melting pot.
Are you kidding me?
Like, you turn on the TV.
It's like, whoa, all these people are bad people.
They're after you because you're this skin color and all this.
No way.
This is probably the greatest country in the world as far as being inclusive where we cannot.
Now, don't get me wrong.
You go to Alabama.
I remember I went to Alabama and I went to Waffle House.
Guy comes out.
A guy comes out.
He says, hey, boy.
I'm like, Patrick.
Hey, boy.
Hey, boy.
Where are you from, boy?
I said, I'm from Iran.
Now, what are you doing here from Iran?
I said, I'm in your military.
What do you mean?
I'm in the U.S. Army at the 101st.
Make sure you're free.
I'm protecting you.
Yeah.
What do you say?
Thank you for your service.
Thank you for your service.
All right.
Now, let me get a point.
So the point is, listen, I love America.
I served America.
But I also understand it's okay that some people are not going to like me.
I don't wake up in the morning saying, oh, my gosh, you don't like me.
When I started the insurance company, I had a negotiation with a guy who said, we're going to drop your contract because another three Armenian insurance companies ripped them off, took a million dollar check away from them, and they thought I was going to do the same thing because I'm Armenian.
I'm okay with that because I'm going to change that.
I'm going to give you my example.
So for example, if I were to right now bring 10 girls, different nationalities, to introduce them to you, friends of mine.
Are we still looking for a wife for Adam?
Well, by the way, we're still on the search.
By the way, it wasn't 8.5.
I'm at 8-8 right now.
Just so you know, I'm at 8-8 right now.
Something I did change.
I don't know.
He's still damn.
You can round it up to 9.
Damn.
I'll give you a 9 earlier.
He's an almost 9.
But by the way, with the mask, you're a two.
So this is why I don't want you to wear the mask.
I wanted to do those perfect white teeth that you have to be shown, right?
So the point I'm trying to make to you is, I am so okay if you, you know, think I'm such and such because I'm from Iran.
Great.
Let me earn the right.
I'll earn the respect.
I don't take it as, but that's not fair.
No, I'm good.
I'll go earn the right.
I'll go earn the right and I'll earn the respect.
I'm totally fine with that.
That's also the American way.
Yeah, but today, today, people are walking like this.
People are walking like this with a muzzle on their mouth and a handcuff and shackle because you're afraid to tell certain jokes.
Like a part of me wants to become a comedian just to friggin be free because you're a comedian.
It's like, let me just tell some jokes.
You can't even talk nowadays.
I didn't get the memo.
Apparently, I'm still not politically correct because I don't have a governor on my mouth.
Well, no, but you do.
But Danielle, because Danielle, and I'm not going to go there, but you don't talk about 100% of things you believe in.
You talk about 98% of beliefs.
You still have 2% that you say.
And I think you need to.
I'm not judging that.
So I'm not saying, oh, go out there and say everything you believe in.
If we did that, people would be like, these guys belong in jail.
Because if you really thought about some of this stuff publicly, it's good to keep some of it to yourself, right?
I don't have a problem with that.
I think that's fine to have that.
But all I'm saying is, if that 98% is getting pushed to 95 to 90 to 80 to 70 to that's where we're going today.
Where comedians can't tell jokes?
Are you kidding me?
I want you to go tell your jokes.
Go.
Comedians ought to be free to go tell your jokes.
The verb cancel is an, it's not a nice verb.
So let me bring it back to Andrew Cuomo.
Okay.
He said yes, he says, but I can tell you one thing.
I didn't touch anybody.
Like, meaning he didn't, obviously he touched the face of the girl.
He didn't, you know, grope or anything like that.
He didn't use the word grope.
That's what he's trying to say.
Okay.
Where does flirting go?
He's a single guy.
He's not married.
He's flirting.
Okay.
Where does that go?
You can't flirt?
Is it like, are we at that?
So what is flirting become?
Is this flirting?
Hi, I think you're pretty.
Would you like to go have a drink with me?
I mean, so what do you do?
That was not compelling.
Yeah, that's not compelling.
what do you do so you you don't need a little bit of a tease or a little bit of a i'm sorry so so then now you're destroying the ability so for a guy to court you and flirt with you so So let's talk about Andrew Cuomo.
Let's skip it.
Go to Chris Cuomo.
Chris Cuomo, not saying anything about his brother.
What do you think about it?
He has every right to be a good brother.
That's family.
Well, I think it would be even uglier situation if he came out on CNN, you know, the leftist media and started defending his brother.
I know my brother's a good man.
He would never do this.
I think he took the high road and said, look, it's my brother.
It's probably inappropriate for me to start, you know, telling the story here.
And I'm going to take a pass on this one.
100% integrity.
Integrity.
But it's also expected.
Like, listen, I think, you know, the higher-ups at CNN told me not to comment on this situation.
There's moving parts of this.
You know, like, you know, Ron Reagan, not Ronald Reagan, Ron.
The atheist.
The son, yeah.
I mean, you know, or, you know, you got the Conway, daughter.
Kelly Conway.
That situation, right?
You're saying something about the family.
You're going family with me.
I have so much respect for the fabric of the Cuomo parents, how they raise their kids.
Because I sat there and I said, say it's my two boys, Tico and Dylan, right?
And something like this happens.
Listen, I swear to God, if you throw your brother under the bus, you are not going to like what's going to happen.
Yeah, family first.
You got to respect what is going on here.
You do not go out there privately.
Guess what I want you to do?
Go do whatever you want to tell him privately.
Chew his ass out.
Push him around.
What were you thinking?
Let's just say you're going to do that privately.
Cool.
Publicly.
Family first.
I respect.
I don't agree politically, but I respect the decision.
See, that's the part with the family sat on what they have.
I actually respect what they're doing.
I think the question now becomes, should he get impeached?
Should he go through that?
Impeached?
Well, not impeached.
Should Cuomo resign and step away?
They're asking him to step down.
I mean, that's ridiculous.
Well, just let me give mine two cents real quick on this Cuomo situation.
Interesting perspective about the inside job.
I could see something like that.
You know, maybe he's made some enemies, certainly, with his rise to power and stardom over the last year.
But, you know, the nursing home thing isn't even a, they're not talking about that for some reason right now.
Obviously, I think that's the main story.
You know, and like even when we went in your office the other day, watch this video.
What are your thoughts on it?
I was like, the hot dog video.
I was like, expecting something so much worse.
Or watch this video where he put his hand.
I was expecting, oh, damn, here it is.
Here's the bomb.
He's like, yeah, yeah, have a bite of a hot dog.
Like, because she's eating a hot dog.
Like, I was expecting something so much worse, something so much salacious that I was like, that's it.
This is what this guy's.
But do you know why it's happening?
Tell me why.
Why do you think it's happening?
Why these stories are coming out?
No, why do you think they're asking?
Why do you think we're in the movement of stepping down, resign, impeach?
Why do you think we're in that movement?
You're back into the cancel culture.
You caused it.
You're the one that wanted to impeach Trump twice.
You caused it.
So guess what?
That would be the Republicans kind of coming after him.
This is more inside, though.
No, no.
What I'm saying to you is we're officially in the era of you should resign.
You should step down.
You should impeach him.
We're in that era.
It's normal now.
You mean no?
No, no, we are.
And I'm drawing a line saying that's ridiculous.
Now you're canceling the will of the people.
You're canceling voting.
Unfortunately, once you do it once, kind of like what you said about AOC's filibuster two years from now, it's going to backfire on you.
And that's exactly what's happening.
So guess what, Cuomo?
You said he should be impeached.
Hey, it's backfiring on you.
Now it's coming back on you.
So you're getting the taste of your own medicine.
So 10 years ago, what do you mean resign?
But today, you should resign based on what you thought Trump should do.
So you're getting to taste your own medicine.
I think a part of the...
You reap what you sow.
Yeah, a part of this is, you know.
Well, there's two quick thoughts.
Number one, what was acceptable 50 years ago, 100 years ago, 200 years ago is not acceptable anymore.
Like, I remember one of the first shows I ever watched was Archie Bunker.
I used to have a black and white TV in like 1989.
Archie Bunker would say the most ridiculous stuff.
And that was like the main TV show in America.
No way Archie Bunker's on TV these days.
You remember Archie Bunker?
All in the family?
Okay, so that was completely acceptable in the 70s or the 80s.
0% chance it's acceptable now.
The Washington Redskins, I mean, we can go down the list here, the Washington Redskins and the Turner Sands and the Dr. Seuss, but you can't cancel the past.
And I was guilty of this even on one of the first podcasts when we were talking about they were taking down the Confederate statues.
And emotionally, I was like, get those pieces of shit, traders, out of here.
Cancel them all.
Take down the statues.
No, relax.
You can't just cancel history.
You can put it in a museum, though.
You can still, you know, have it, you know, in certain sections.
You don't have to agree with it.
You can just cancel history.
So, and then you have people like extremists on the left who are trying to cancel Abraham Lincoln.
Oh, for God's sake.
Which is like, to me, the dumbest thing on the planet.
Washington's next.
He's coming up.
Don't worry.
To me, that's freaking absurd.
Yeah, but whose fault is the whole cancel culture?
So what's this whole cancel culture deal?
How did it start?
How did it start?
How are we here?
How is it that everybody keeps like, hey, you said this, you're canceled.
Hey, you said this, you're canceled.
He just brought up the 2% I can't talk about.
Exactly.
Okay.
So the level of sensitivity is at the highest it's ever been.
We are so sensitive because we're all about feelings and we're all about how you feeling.
Right.
Oh my, did we offend you?
Did we say something that others?
Amen.
And oh, women.
Yeah.
Yeah.
All of that.
It's so like, did you hear about the thing yesterday with flag that you can't in DC, you can't have a flag above certain size to hang outside your house and they're saying, well, it's offensive to some people, so they're making a flag side.
Which flag?
U.S. flag.
Excuse me?
You didn't hear about this yesterday?
Go search it.
You're going to crack up.
In America?
In America.
And it's in court.
They're talking and the people are agreeing.
You can't have a certain size flag to hang outside because it's too much in people's face.
Too much America.
Too much America.
Well.
I'm sorry, but you know, it started with this woke culture.
Unfortunately, it's and look, to a certain extent, there are some merits in it.
Like, if you're a Native American and you're looking at the Washington Redskins and you're like, yo, they're straight up like they're calling me a Redskin.
Like, that's like, that's like they had a team called like the Washington Brownskins and it was a picture of an Iranian guy.
You'd be like, I'm a little offended here.
A little bit.
Okay?
I am brown skin.
Okay, cool.
But I like it.
I like it too.
You look, especially after Hawaii.
You look 10 as hell.
I'm sorry.
Should I leave?
All this hot.
Romance here going on.
But you can't change the past, but you can learn from it.
And I think cancel culture is a very slippery slope.
I think Bill Maher had a great point that, like, everyone's canceled these days because everyone has a social media profile.
So everyone's, you know, out there.
So anything you do, anything you say is potentially cancelable, cancel, cancel that guy, write him off, cut the show.
That's it.
It's like at what point do you have just the freedom of expression or freedom of gonna backfire like it's backfiring on Cuomo?
You have to understand if you go through it the way some are going through it, the backfiring is gonna come.
You're gonna pay a price if you go that way.
It's gonna come.
You can't just go thinking you can bully everybody.
People behind closed doors sit there and plan things that may take 20 to 30 years for it to become a reality.
You don't want those types of people.
They're giving birth to a lot of people that are going to be thinking what they're going to be doing 20, 30 years from now.
And you're giving birth to a lot of true believers today by pissing them off, by taking their voice away.
You don't take a voice away from somebody.
It irritates them in a different way.
Not in the same way.
It's a different freedom you take away.
Well, they're kind of doing it right now, but let's talk about Brazil.
Brazil.
Brazil oil industry shake-up could be devastating for its economy.
Following the ousting of the COVID state-controlled oil groups by President Bolsonaro earlier this week.
Bolsonaro.
Bolsonaro.
Earlier this week, experts fear what greater intervention might do to the country following the change in leadership.
So stocks plummeted, losing 20% of their value Monday, around $13 billion.
This also had a negative effect on Brazil's currency, which decreased in value by 2%.
What are your thoughts on what's going on in Brazil?
So in 1964, the United States funded and financed a coup, and that military regime was around until 1985.
That was almost two decades before they had an election, an elected president.
Bolsonaro happens to have been a member of the military regime back then.
So it is a very slippery slope in a country that has been devastated by the virus to try and swing the pendulum back to another military regime.
And that is why four members of the board of directors of Petrobras stepped down in protest when he instated a general who knows nothing about energy as its CEO.
These are not the kind of things that you want to read.
It's why they call emerging economies, emerging markets, emerging, because they don't do things that developed economies would.
But Brazil is a big damn economy.
It's the biggest economy in Latin America.
And you don't want to see this happen at all.
You don't want nationalism.
You don't want these types of trends to start because they can be contagious from one country to another.
We've seen this in the past.
And again, we were talking about the economic reliance on China.
So you start lining up the dominoes, and this is just, hopefully somebody in the CIA is wise to what's happening down there because this is not the way we want for it to go.
In 1964, the United States was financing the coup.
Who knows who's behind what's happening now?
But this is not a good direction.
64, was it JFK or was it Linden who funded the coup?
Linden funded the coup.
And Kissinger came out a few years afterwards, Kissinger came out and said, we know that they were killing off dissidents.
It wasn't anything like Chile, where they killed a ton of people.
But there were many, many dissidents speaking of suppressing free speech.
Bad things happen.
And they tortured their own people.
They killed their own people.
They exiled.
If you were exiled, that was a good verdict.
But you don't want to see these developments.
So what's next?
If this continues, what happens to Brazil?
Who do they become?
Are they like the next Venezuela, like Adam said yesterday?
That is a risk.
You don't want to see that.
I know you have a soft spot for South America.
You lived in Venezuela.
You know, you got a great Spanish accent.
I'd love to hear more Spanish on the show.
We've got some Colombians and Venezuelans and Mexicans in the house.
Not that Mexicans.
But Brazil's the powerhouse in South America, right?
I mean, for sure.
Not even a question.
And, you know, being here, we're in South Florida, we have an influx of Venezuelans.
Yes, you do.
Bananas.
There's Brazilians here.
I mean, Argentina's a mess.
I guess just give me your economic synopsis on what's happening in South America, how that affects us here in America, because we have our own issues to freaking deal with.
And last part of that is how big on the shit show level is Brazil right now?
Like overall economics.
This is kind of the first shot across the bowel.
So the person who used to run Petrobras, who was ousted, was a University of Chicago educated economist who believed in free markets.
And that was kind of the direction that South America was taking, looking at the example of Venezuelans saying, we don't want to go there.
So this is not something that you want to see, but at the root is income inequality and terrible income inequality.
In the favelas, it's insane in Brazil.
Oh my gosh.
Yeah, yes.
And that is where a lot of the COVID deaths occurred.
So we're seeing similar situations play out in Peru, Mexico, and in the United States.
Income inequality is an economic phenomenon that will come back and kill capitalism.
So I know three things about this guy, Bolsonaro.
Obviously, we're learning more about him.
I know, number one, they called him the Brazilian Trump.
Right?
He would refuse to wear a mask, and then he got COVID.
And then you see all these images of like burning the Amazon in Brazil and him sort of not giving an F of what's going on there.
So he seems just completely Narcissistic?
Yeah, I don't know what the word.
Self-centered?
What's your take on this guy, Bolsonaro?
I think that power corrupts absolutely.
And we're seeing an example of that.
But again, you have to remember his roots.
His roots were in that military regime.
Gotcha.
That we do not want to see Brazil go back to because you don't want to have economies that are susceptible to becoming future allies of China.
And it all, I mean, I'm sorry, but all roads lead back to Beijing.
Wow.
And it's an economic matter.
And you care who butters your bread.
That's it.
So, so is China using the playbook that the U.S. has used for decades and now they're doing themselves.
They're internally funding coups and they're taking over.
I mean, you got it.
That's an interesting thing.
They're meddling in elections.
They are.
They are just.
But they're saying, hey, we learned it from you.
Thank you.
You know, we learned it from you.
You taught us how to do this.
And we think it's a great strategy.
We're just going to do it better than you.
During the Industrial Revolution in the United States, we trashed our environment in order to build out our companies, in order to build out our industrial sector.
And what have they done?
They've trashed their economy and they've built out their industrial sector.
Trash their environment.
Environment.
Sorry.
Yes.
What is the current state of China and the environment and the smog and the smoke and the environment?
Why don't we go and everything?
Why don't we go visit?
I'm not going to go.
Yeah, why don't we go for a week?
We go, me, you, and Rudy Giuliani.
The three of us.
Yay.
Why don't we go visit?
We take me, you, Mario, Sam, Paul, Kai.
Yeah, just a squad.
And mysteriously, we all disappear and never come back.
What happened to my attainment?
I have no idea.
We're VTO.
Value China.
Value Chinomics.
Chinomics.
Value Chinomics.
No, that wouldn't go, right?
But we go visit.
I think it's the best thing to do.
We go find out how it is.
I wonder what would happen if we went.
Would you feel safe?
Would you feel safe going to China right now for a week?
To Macau?
Yeah, we go to Macau.
Hong Kong?
I'd go to Hong Kong.
Not that that's mainland China.
I'd go to Hong Kong.
Have you not watched the news lately?
Well, you know, it's becoming more mainland.
Would you go to Macau?
We go one week.
We stay at the best hotel at Macau.
Go to the wind.
Would you go?
Who's funding this trip?
I would fund the trip.
All right, I'm in.
Okay, that's good.
That's all you need.
So sorry about it.
Some but would you go if I funded it?
Would you go?
I mean, if you felt comfortable, if we felt comfortable, I'm not like, I would never go there.
I'm not against China or the people of China, my guess.
That's the best thing about government is when you go in your macho, 23 hours, 22 hours, 21 hours, three hours, two hours, one hours, border, and then we're landing and you're getting out.
And you look at Adam's face.
Adam's got the mask on.
He's got the white hat on.
I just went from an eight.
The eight and a half to worry.
Oh, my God.
It should be classic.
I'd be Xanax out on a flight to China.
I mean, any flight that long.
Hey, if you're watching this, if you're watching this, if you had a chance right now, would you feel safe going to China today?
Would you feel safe going?
Would you feel safe going to China today?
You would, Kai?
I'd be careful.
You would be.
Yeah, but look at Kai.
I mean, come on.
I'm Norwegian, though.
If I went there.
You would be okay.
Kai is like primed for a kidnapping.
Get this little kid over here.
I'm not even holding this guy ransom.
Just get over here.
Get in the car, guys.
I don't know.
Would you guys go into China?
Eric, would you go?
I think you would go.
I could have been stationed there.
I'm not a big fan of counterintelligence threat countries.
So I don't like to be followed.
I don't like to go to a hotel and know that there's cameras.
There you go.
China, Russia.
Yeah, this guy lived in Russia for four years, though.
Did you lived in Russia for four years?
No, one year.
One year.
And there's counterintelligence.
So if you go.
Yeah, so if you're talking in your room, you just have to know everybody's listening to you.
We're getting sprayed with nose.
No, It's like a host.
Mustafa said yes.
Alex said yes.
You got to see a Volvo.
I mean, they're listening in your Volvo.
By the way, all Middle Eastern names said yes.
Well, not just Middle Easterns.
Our friend Michael says, as a black man, hell no.
I don't know what that has to do with anything.
Timo, yes, for China, I would go.
A bunch of other people are saying no.
Here's the question for you, PBD.
The founder of Valutainment from Iran speaks out against China.
Country you're more likely to visit sooner, you know, soon, next country.
Iran or China or Iran?
That's a good question.
I would visit both.
That's a deflective answer.
Country you will set foot in first.
If you're betting, betting man, roll the dice.
Red for China, black for Iraq?
I couldn't tell you, but I don't know.
Probably China over Iran.
I don't know.
Because it's more likely you would travel there.
I would travel to both.
What's more likely you wouldn't be seen again in those two countries?
That was the question.
Yeah.
You read my mind.
Well, not seen again.
I think you would see me again in Iran, but they may keep me in Iran.
China, you may never see me again.
I would play hide and go seek and I'd win for 60 years.
You winning, God.
You and Jack Ma hanging out.
Hashtag winning.
I would have a six-day presentation.
So let us tell you moving forward what you have to say about China.
But can you imagine like you're in your suite in China?
You're staying at a nice hotel in China and you know you're being recorded.
So you say, what a wonderful country China is.
Don't they just have the greatest system in the world?
I love how we were treated.
The food, incredible.
Incredible.
The best.
You know, so you just, you're sitting there, you're building them up, and then you tease them.
You tease them and confuse them a little bit.
So what should we do with the petroleum that we brought here?
You know, the nuclear, and you kind of tease them and they're listening to you, right?
What should we do with this?
Should we leave it?
Let's leave it in this room.
I've got the uranium in the hotel safe.
Yeah, the uranium.
Let's leave it here before we leave.
Have you ever been to China ever?
No, I have not.
And would you ever go?
Well, all four of my children take Mandarin.
So I've always said that I'll go speak.
Mandarin.
Well, if you can't beat him, join him.
Wow.
They're not going to invite them in, but at least you can understand them.
You want to teach your kids Mandarin?
First we need to make him have kids.
So we got to find him a woman.
There might be a kid that's speaking Spanish somewhere in Costa Rica.
That's all I'm saying.
I don't know.
That's some fun there.
Okay, that was...
Okay.
What was that one?
What?
You're the only person that's allowed to visit South America?
Where did that come from?
You're the only South American.
Is he 20?
Is he 10?
That's where the confusion is.
He or she would be about 11 years old now.
But who's counting?
Let's say you were 29?
Right around 29, 30.
Yeah.
Yeah.
Bachelor parties.
Fell in love.
Fell in love.
For a week.
For a day.
There you go.
How about how?
What?
Danielle, you're the only person allowed to visit South America?
What's going on here?
With the stripper.
Right.
So I'm going to buy you a drink.
That's when that song was popping.
Which one?
I'm going to buy you a drink.
Oh, yeah, yeah.
Do you know who T-Pain is?
I'm afraid I don't.
T-Pain?
Oh, my, you and I both.
Okay.
So let's do Tesla.
I do want to hit the start.
Tesla.
Tesla to launch full self-driving car, subscription within four months.
Ilama says that Tesla will launch it.
It's full service in the next three to four months.
The automaker is set to launch the option for a full self-driving packet, which costs $10,000 at the purchase of a new Tesla vehicle.
Here's what you get with the package.
Navigate on autopilot, auto-lane change, auto-park, summon, full self-driving computer, traffic light, and stoplight control, stop sign control.
Tesla also plans for the package to eventually lead to full self-driving capability, but the automaker has already missed a few timelines on that front.
And even if it achieved it, the release will be dependent on regulatory approval, which is market-specific.
Yeah, okay, that package is missing the driver.
Just saying.
So what do you think?
Because I know you're an Uber guy.
Yeah.
If Tesla comes out with something like this, would you buy it?
Is this true you don't drive a car?
No.
No, I don't.
I haven't had a car in 10 years.
It's actually the world is a safer place than Adam driving.
Sidewalks and Boca Ratan are safe.
Yes.
Well, my bicycle is pretty rad, dude.
Did you say Tesla?
Is it really, though?
You have one of those.
Do you have a real nice bike or you got one of those like beach cruiser?
I'm just taking my time.
You know, it's good for South Beach.
I'm not trying to win a marathon here.
But back to Tesla.
Wow.
It's so much fun.
Danielle, imagine if we had some wine here.
I feel like we do have a late night one night.
Wow.
Like this is happening.
I remember seeing Tes drive.
You know, have you seen the cars with the sign on it?
The Jetsons?
No, well, that too.
But you would see driverless.
It would have a sign on it.
Driverless car, like, you know, just be careful.
Like, we're out here.
And it's happening.
Like, there's full-on driverless cars now.
So, like, you, for instance, you joked about earlier.
Imagine you buy a Tesla.
You're Pat.
You got Zoom calls.
You're doing interviews.
You got, you're doing dream team meetings and you're not even having to look at the road.
This is pretty impressive stuff.
This is like where we're at right now in life right now in 2021 is that you just get behind a wheel of a Tesla and get to where you're going.
If there was a full-on self-driving car that all you do is sit, put the address, it goes to it, would you buy it?
I mean.
Or would you still stick to Uber?
Like, would you buy it?
Would you buy a self-driving car?
You don't do the driving.
It's purely automatic.
The thing with me is why I didn't have a car was because I lived in downtown Miami.
And to get anywhere I was going, it's all within a $5 Uber.
And half the time, quite frankly, I was going to South Beach and partying and drinking.
And the last thing I needed to be doing was having a car.
So if you don't, and I've said this a million times, if you don't have a car payment, and if you're not paying for insurance and you're not paying for gas and maintenance and flat tire, and somebody hits your rearview mirror and you're driving a curb and next thing you know, even nail on your like, you can save a lot of money and i've saved a lot of money not having a essentially a ten thousand dollar expense for 10 years putting that into the market.
We know what's happened in the market like i've gone on on that.
So for me it's not about oh, I don't want to actually drive, it's the, it's the financial component.
But for someone like you who it's has kids, It has a family, It has to drive around.
You're moving, you're grooving, and you're doing 10 different things all at once.
I don't see a reason why you would not consider this.
I would.
I think if there's a self-driving car that takes me anywhere, the challenge is also I like driving, though.
I enjoy driving.
That's crazy.
Let me tell you what happened the other day.
The other day, I missed having a stick shift.
Like, I missed driving stick shift.
Like our friend Paul.
Oh, I mean, you know, it's your stick shift or no?
Which car is stick shift?
The Challenger?
No, it's not.
Is that an option?
Like, you have an option to pick up stick shift?
No, it's full, manual.
It's 100% manual.
100% manual.
Oh, let me tell you.
You not have the option to drive out.
Like, that does nothing for me.
A stick shift car.
It's like, so you want to do more work just to get where you're going?
I need to be reversing and neutral.
I like driving.
I like speed.
But I think for business, I would absolutely buy one.
If there's a self-driving car, luxury, say you have a nice escalate luxury self-driving car that's going to take me, I'm all in.
What if I told you that you need a million times?
A driver.
A personal driver.
Yeah.
Now you have it built in and you don't got to pay the personality.
Well, it's not fully.
It's not fully, fully.
What's it missing?
If it's a fully self-driving capability, I am all in.
One of my cars will be a self-driving car.
Yeah, once the technology is proven, I'm all over it.
I am.
But I'm not going to be the guinea pig.
Okay, so you're waiting.
Yeah.
You're kind of like how you don't want to be the guinea pig with the vaccine.
Let me ask you.
Are you guys okay?
Not driving.
Yes.
You're okay.
So you would be okay to just get into a machine and it takes you a place and you're not driving.
Absolutely.
I'm not a fan.
No, not a fan.
I would want the option still to drive, but 75% of the time I don't want to drive.
Eric, you too?
I don't like driving now.
Sam, do you like driving?
No more than an hour.
Sam loves.
Kai, what do you think?
So I think there's two components.
Obviously, initially, if all the cars are digital and driving by themselves, I feel a lot safer.
If you have people like Sam driving and your car is peacefully driving, self-driving, then that could be an issue there.
If you're driving 100 miles an hour, I'm good.
I'm not going to do that.
But then also there's the second component, though.
There's the second component, and that is with cars.
And think of how you would change driving if you don't have to change, if you don't have to drive there.
Say you have like a desk in the back where you can do something productive and still show up where you want to go.
Then you don't have the component of travel time because that could then be incorporated into doing whatever you're doing anyways.
So essentially how we move around would completely change in that case because now a four-hour drive is you watching a movie for four hours and you get up, you get out of the car and you're somewhere else.
Or you've got Wi-Fi and you're working.
Exactly.
You've got your laptop going.
In my opinion, your little narrative there about like, I love driving is going to be, you know, a few decades from now, the equivalent of someone saying, oh, I just love horseback riding.
I love it.
I got a horse.
I love it.
It's my favorite.
Like, I think that's where we're going.
Like, there's eventually there's going to be, every car is going to be driving.
It's going to limit accidents.
It will mitigate traffic.
All that.
Everyone's going to be on the same page and you can just do what you want to do.
That driver who's driving slow in the fast lane, that won't exist.
That's every day to work.
Florida people.
I don't understand.
Slower drivers.
Why are semis driving in the far left lane?
Like, I don't get it.
Buddy, you're in the wild west here.
You're in Florida.
I know.
By the way, honestly, no joke.
Terrible drivers.
I don't know what they're doing.
Why are you driving 60 in the far left lane?
There's.
You know who I put out the top?
California, Texas, or Florida?
Atlanta's bad.
Florida's best drivers?
No, best drivers.
New York.
California.
Best drivers.
California, Texas, or Florida.
Who are the best drivers?
California.
I say California.
Really?
Hands down.
Florida's the worst.
Hands down.
Well, we got 80-year-olds.
We got people who just showed up in this country out of nowhere, and they don't know what's going on.
You got tourists, you got Europeans, they're driving on the other side of the story.
You're prejudiced with people that show up out of another country.
I like your tan, brown skin.
You look great.
Hawaii did great on you.
But here's the question for you, Pat, because I know we're going to wrap up here.
Seriously, how many tickets, accidents, incidents have you been in in the last handful of years?
And how many cops say, oh, Mr. Beth David, good to see you again.
How often does that happen?
That's a lot.
Okay.
That's a lot.
Okay, so imagine if that was zero.
But I get a chance to meet a cop and we talk.
Forget that.
I'm good.
How are you doing, officer?
How's your family?
How does everybody feel good?
Shout out to Adam.
It's called networking.
Show of hands.
Patrick's future in politics.
Yes.
Okay.
If I'm driving.
How do you spin something like that?
I'm good.
But I got to meet a great copy.
I like having a neutral relationship with cops.
I don't want to talk to you.
You don't need to talk to me.
I'm not going to hate on you.
I need you to have a non-neutral relationship with a woman who can procreate.
I have a lot of non-neutral relationships.
He caught me racing in a Z06 and I was racing a motorcycle.
Oops.
Okay.
And by the way, Jennifer's in my car.
So I'm on the left.
He's over here.
Okay.
The bike.
And I said, you want to go?
He said, let's go.
And I'm in Victorville out of all the places.
So I'm thinking, no cops.
I'm going to be safe.
So he says, ready?
He says, let's go.
We go.
Takes off.
Going 135 miles an hour.
Cop pulls me over.
I'm like, get the hell.
This is like reckless driving at the highest level.
You're getting a little bit more.
Jennifer's like, I told, babe, I told you.
I told you.
And so cop comes up.
He says, do you know why I pulled you over?
I said, yeah, because I beat you.
You couldn't touch it.
He starts cracking up.
He starts laughing.
I said, I said, I beat you.
You couldn't get.
The only reason you caught me is because of the red light.
So what the hell is the matter with you?
He says, you realize that's reckless driving.
I said, listen, can you let me go?
I don't do this often.
He says, based on your record, you do.
I said, yeah.
Just let me.
Exactly.
He says, you know what?
Forget about it.
You're the craziest guy I've met.
Go.
He lets you go.
Didn't give me a ticket.
Officer Jones, wherever you are, shout out to you in Victor World.
You're amazing.
I got to tell you.
Jones, come out to Florida.
Did you allow this?
By the way, perpetuated this drug.
Z06.
Z06 going up against the bike.
Guess what the bike did?
Destroyed the Z06.
What kind of a bike?
That's a jigsaw.
Destroyed the Z06.
Destroyed the Z06.
You want to know where I'm at with this?
I have zero clue what a Z06 is, a jigser, nothing.
My Uber would have, my Uber would have become in last place.
Okay.
Can I ask you a question?
To Adam.
Yes, ma'am.
Women like men who understand cars.
Okay.
So start studying.
That's true.
But he knows bicycles.
Whoa, well, God.
That's hot.
Get out of there.
Get out of my hand of bars, David.
Who needs wine when you've got bicycles?
So if you got a big trunk, come stick my bike in it.
But what?
Did you just say that out loud?
That's a 40-year-old virgin reference.
The movie.
By the way, so you and Cuomo wouldn't be too far off if you were his age.
That's my guy.
You may as well call you Adam Cuomo.
Let's not start that.
Let's just stick with the soybox.
Okay, here's a trivia question for you.
I'm with Pat.
We show up, LA, land, LAX.
Boom.
We get a car.
It's waiting there for this guy.
Like, the prince just arrived.
We show up.
Bentley sitting there.
Me, you, and Tico.
Boom.
We're hanging.
All right.
He's like, Adam, welcome to my world, right?
You know, I'm like, all right, I'm in LA.
I'm on the 405.
Brand new, maybe a couple hundred miles on this bench, please.
$400,000 new Bentley.
Pat's driving.
Danny Majit, thank you, Danny.
Thank you.
Pat says, let's test this bad boy out.
How fast?
This is the 405.
Is that the 405?
This is the freeway.
But it's COVID 405.
Okay, whatever that means.
That means that there's not a lot of traffic.
Okay, there was traffic galore.
Okay, go ahead.
Tell your story.
I don't want to mess this up.
Tell your goal.
What's your point?
Pat starts driving, pushes the Bentley.
How fast?
But wait, I asked you a question first.
He goes, What's the fastest you've ever?
I said, What's the fastest you've ever been in a car?
Yeah, that's courtesy.
Yeah, I give you the courtesy, and then you said what?
I'm like, Maybe 105, maybe.
I don't know, 110.
I said, How about we make history together?
That's it.
Then I asked the question, he said, Sure.
So you gave permission for us to make history together, and then what happened?
Yeah, yeah, yeah.
There was consent there.
I'm like, Cuomo.
That's where I'm going with it.
Addy, how many times have you said that to a woman?
Let's make history.
Well played, sir.
Well played.
How fast, Danielle, do you think Mr. Bette David took the Belney on the 405?
A buck 40.
A buck 40?
You took the under.
Can I reveal it?
Do you want to?
Just so you know, for all the officers that are listening to this, this is pure speculation.
He's assuming this is where we went.
But go ahead.
Tell them what you saw.
He hit 150, 155.
I was close.
And that wasn't enough for him, Danielle.
So he said, let's do it again.
The remix.
We hit 165, 165 miles per hour.
What did it feel like?
It felt like we were driving 75 miles.
I can't drive 165.
It felt like we were going 70.
We were passing cars in the freeway as if you're going 100 miles an hour and they're parked.
165 miles per hour.
So now you know, when I say pass, maybe you need a driver.
Pat, maybe you need a, you need, you need to call our good friend, friend of the show, Elon Musk, and maybe we work out a deal with a driverless car.
And what do I drive today?
I drive a big-ass Shelby truck that I go around.
If I hit curbs, you feel nothing.
But your rear view mirror, your side view mirror.
Somebody hit it.
I wasn't in the car.
Somebody hit it and ran off.
I chased him down, but it was too late.
Somebody hit your tire.
The guy hits my tire.
Do you remember the picture of that car?
What happened that they hit my tire on a turn?
They accidentally hit my entire side was trashed.
And I'm looking at it.
I'm like, what the hell happened to the car?
Nothing.
Just scratches on the tire.
The Shelby truck destroyed the car.
Do you know what a Shelby is?
Yes.
Because women like guys who know about cars.
I don't know if you know about that.
I heard a thing or two.
We go to the SUV, and then you messed up the tires.
I bought the escalate.
First time I drive it, I tore the tire.
First time.
First time.
10 miles.
Pat's.
Well, first of all, here when you drive, it's very, if you think about it, when you're driving trucks, it's not a good idea to drive trucks.
Every time I come up, I'm like, you know what?
Every time I'm hitting the side, but can we avoid talking about my driving abilities and speed limits?
Well, Adam does seem to be a bit far from it.
I'm going to make a point here about your Shelby.
There's a point.
There's a point.
Hit it.
Got it.
Hit it.
Daniel, what do you drive?
I drive a big ass escalate.
Big ass escalate.
The right one to drive.
B-A-E.
We go to lunch, and this is in Miami, and we leave the car.
It's raining.
We drop the cars off.
Oh, no, I'm sorry.
Pat says, we dropped the kids off.
I said, all right, let me go deal with the valet.
I'm going to jump out.
We're draining.
We go to the restaurant.
The valet guy, I don't know nothing about cars.
He's like, dude, the Shelby.
What's up?
I'm like, yeah, all right, cool, buddy.
Take the keys of the truck.
We come back out.
He goes, I got to tell you.
This is the valet guy.
He goes, I drive Lamborghinis.
I drive Ferraris.
But the Shelby?
My number one vehicle.
I was like, really?
The truck?
But this Shelby, I guess, is a big deal.
He knows his engine.
We even went into Prestige Auto looking at ridiculous cars down in Miami.
And the guy was super impressed with the shelter.
This is Paganis and Bugattis.
We were looking at real cars.
Yes, cars, cars, cars.
But the Shelby was like the talk.
They only make 500 of them.
They don't make that many of them.
So, you know, 700%.
They have cars for dummies.
It's like a whole book you can read to just.
Yeah, and you can procreate.
So the road procreation goes through.
Yes.
My question to you, Danielle, is he's going to make history.
Is my ability appropriate?
What happened to today's podcast?
Tied to the ability to have a car payment.
Is that what's going on?
No, Money you have.
This is not money.
Here's your future line.
I buy my cars cash.
Okay.
You could.
I could do that.
You could.
If you were to buy one, would you still do a Range Rover deal or maybe that E500 you saw?
Like an E-class?
I did like a nice B-class Mercedes.
That could be dope.
Go for the V2.
50 grand, what?
V12?
Yeah.
Go for it.
I don't see you as a Lexus guy.
Don't do Lexus.
That's for you.
You know what's crazy?
Is I actually bought my ex-Alexis.
That's the only car.
Better rhymes, actually.
Yeah.
I feel like Adam's a Tesla kind of guy.
You think Adam's a Tesla kind of guy?
By the way, by the way, I actually see him as a Tesla guy.
It's got style.
It's got.
You know what else I really see him in?
No joke.
No joke.
I see him in a nice 9-11.
I see him in a 9-11.
He's a 9-11.
Oh, my God.
Porsche?
What a Porsche?
Ford-Focus 9-11.
I love a Ford-Focus 9-11.
Did you really say you don't know what you're going to do?
Honestly, you don't know what a 9-11 is.
Is that a Porsche?
Is it a Porsche?
I almost said you're never going to get laid.
I almost said that.
You can skip today's podcast.
Okay.
What's a 9-11?
Listen.
Okay.
You want to talk about getting laid?
Let me tell you something.
9-11.
He's going to make history.
He's going to make history.
He does everybody.
When I would live in South Beach, when I was in Lebanon.
Beware of Miami this weekend.
Yes.
When I live in South Beach, I had a sick apartment in the marquee.
Okay.
And there it is.
Loft, amazing, like my friend called it a Bajopante party.
Abajopanti, like a penny dropper apartment.
So you go out in South Beach, you meet girls, whatever.
You take an Uber back to your place.
They don't give two shits about what kind of car you drive.
They're in your apartment.
It's great.
That's my point.
Like, you never have to sit.
Bro, I'm just telling you.
Times have changed.
I don't think anybody is disputing your track record with how well of a prospector you are.
We've all witnessed it.
You know, how well you are.
His approach is so great.
This is Adam.
He goes to a place.
Hey, ladies, I have some friends here.
How are you?
Good.
What about you?
Let me introduce you to the basic script he's got.
He just goes.
For my friends here.
Yeah.
Except for Paul.
I've not been the recipient of any of Adam's goodwill.
I think I've taken Pulitz bombs.
You're a non-wingman.
Oh, my God.
I tried to help Paul out.
He's like, you can't help the unhelpable.
You can't help the Philharmonic.
I'll tell you the one story I told about Paul.
I've just moved to Dallas.
We're going to a bar, and I have no clue where we're going.
So who do I want to ask?
Any nice local lady?
Hey, ladies, like, are we on the right direction through the good part of town?
Like, they're like, yeah, yeah, go that way.
That's bars.
Thank you.
Thank you, Coco, Cool.
After one or two girls that we speak to, Paul's like, I have the GPS right here.
Why does he keep asking all these girls?
It was literally like five feet directions.
Like, I just naturally couldn't deal with it.
We're not morals.
You know, these girls are like, this guy's in current.
Like, it's just right across the street.
Why do you keep asking these pretty girls for directions?
I have the GPS.
Like, what are you doing, bro?
I don't like looking clueless, though, you know?
Play dumb.
Girls like intelligent people, too.
Yeah, that's working out well for you guys.
Yeah, it does.
I do fine.
I do just fine.
Woo!
Okay.
Shout out to all my ladies out there.
We're thinking of it.
He drives.
Hey, you don't drive a car, and he drives a stick shift car.
So he's further apart right now.
Further apart.
Zero cars.
Stick shift.
And a lot of forward.
But technically speaking, he knows how to drive.
Yeah, that's true.
So do you, honestly, do you now know what a 9-11 is?
I think it's a Porsche.
Would you?
It is a Porsche.
Yeah, I'm not a Porsche guy.
At all.
Too small.
Have you sat in one?
Have I ever been in a Porsche?
Yeah.
Have you driven one?
No.
How did we get here, by the way?
I tell you, I think you would just go sit in one time.
All right.
Just go sit in one.
You know what?
Why don't you rent a Porsche for a day?
It's like $500, $400.
Just to drive a Porsche.
Just to get a feel on what it feels like.
I see you in a Porsche short term.
It's expensive to value Taint.
Yeah.
Done.
I just don't see Alex.
By the way, last thing here.
Barack Obama, Bruce Springsteen start a podcast together.
Okay.
A president and a rock star start a podcast.
It's going to be called Renegades Born in the USA.
It's part of a multi-year partnership with Spotify, Brock and Michelle Obama's production company, Higher Ground.
Spotify's deal with Higher Ground announced in June of 2019 was one that's earlier big bets in the podcast industry.
Earlier the same year, Spotify acquired podcast studio, Gimlet Media.
Okay, got it.
So, well, how do you think this is going to go with these guys starting a podcast together?
By the way, somebody said Adam is officially a 9-4.
I just want you to know that.
Adam also just got $5 for a Porsche 9-11.
100%.
Ye-Me just tuning in.
That's a down podcast.
We need another guy's $6,000.
Times are tough.
I'm putting a gun right now for you.
We just need $495 more for the rental.
Just one day.
That's right.
We only need $495 for the rental.
Value Tainers will support it.
But Bruce Springsteen.
We're going to start a GoFundMe for Adam.
Can I get from 8.5 to an 8.2 to a potential 9.2 Porsche?
No, no.
You pull up on a Porsche.
9-4 does not round up to 10, FY.
Wow.
You pull up with a Porsche, you're getting close to a dying.
Absolutely.
Wow.
This is what's happening?
Yes.
So it's an amazing thing.
Yes.
So now, Barack Obama, Bruce Springsteen, how good is it going to do?
Okay, number one, that's potentially going to be the number one podcast on the planet.
Other than ours.
Okay.
Clearly, especially when we talk about the cars.
9-11.
You have, I think there's two parts of this story here, and then I'm going to turn it over to the lovely Danielle DiMartino Booth.
Renegades Born in the USA.
You don't think that's like a birther joke?
Like, come on, Trump.
Born in the USA, two-term president.
I really don't think they're going there.
I think that's exactly where they're going.
Number one, Bruce Springsteen's greatest hit is arguably born in the USA.
And born in a USA, Springsteen, one time, Trump was playing it.
He said, I don't want you to play that story.
Exactly.
There's a shot here at Trump, by the way.
There's 100% a shot here at Trump.
Okay.
That's what I'm saying.
Absolutely.
That's exactly what I'm saying.
Trump obviously rose to power through birtherism on the birtherism thing.
Born in the USA, renegades.
So I think he's going right at Trump.
And don't think that, obviously, we talked about governors being competitive and to become president, you need to be competitive.
I'm sure presidents are the most competitive.
And if Trump and Obama are ever in a room together, you know Obama is going to be like, two terms, baby.
Two terms.
Born in the USA.
Fist bump.
I'm out.
Drop the mic.
You've seen a while but drop a mic the mic.
I'm just think that's where he's at with that.
Do you think it's going to do good?
Oh, gosh.
I mean, who doesn't love Bruce Springsteen?
I'm sorry.
Is somebody else involved?
This guy named Barack Hussein Obama.
Oh, sorry.
Yes.
I'm sure he'll be a nice accoutrement.
Oh, he's the side dish to Bruce Bringsting's main dish.
Who's going to have better stories?
I think Obama's the, I mean, he's going to, I think Obama, you take off your politics hat, and, you know, maybe he inhales once or twice in his life.
I don't know.
You know, I'm speculating.
Once or twice.
That's what I'm saying.
Like these days, lets his hair down, maybe puts a little Afro Sheen in that thing.
I think he could have a great set of stories.
I think it could be really fun.
So then the question becomes the following.
I'm going to throw something out there for you.
He had me at Afro Sheen.
Wait, but hear me out.
So, by the way, Coming to America 2 is coming out this weekend.
Speaking of soul, glow, and affordation, so renegades born in the USA, Obama and Springsteen.
Yes, say a year from now, another podcast gets started.
Trump and Kid Rock.
Who wins?
Wow, that would actually be a Kid Rock podcast or Obama and you know what I'd love to see.
I would love Trump and Kid Rock or somebody like that to start a podcast.
Kid Rock is pretty loud as well.
So if they started it together and they have it to see how competitive these two podcasts are, MM hates Trump.
Kid Rock, I think, is a lot of fun.
But if Kid Rock and Trump did it, Obama and Bruce Stewart, who wins?
Actually, who wins?
What do you think?
I actually think Trump would win.
You think Trump would win?
I think, listen, as much as I'm not a fan of Trump, people are tuning in to what that monster has to say.
More than Obama.
Yes.
Okay.
Wow.
I'd agree with Trump, but there's one reason why.
I think Trump would say more kind of outlandish things, which is what you often want from a podcast.
It's the shock factor.
Obama will say.
Why do you think you have me here?
Listen.
To make history, baby.
Howard Stern said it and said it best.
People that love Howard Stern listen for an hour.
Why?
Because they want to hear what he says next.
People that hate Howard Stern listen for an hour and a half.
Why?
Because they want to hear what he has to say next.
You know, you said it earlier in the show.
Media ratings are down because Trump's not around.
People want to hear what he has to say next.
It's outlandish.
It's ridiculous.
It's divisive.
It's racist.
Whatever you want to call it.
If it bleeds, it bleeds.
They want to hear what it has to say.
What Trump has to say.
Do you think there's any chance he starts a podcast?
Do you think there's Kai?
Turn off your mic.
Do you think there's any chance he starts a podcast?
I think with Trump, there's a chance for anything.
Okay.
An insurrection, a podcast.
Who knows?
It's all on the cards.
Okay.
So that is the end of today's podcast.
When is our next one's next one, gang?
When is it?
Is it next?
Next Tuesday.
Tuesday?
Okay.
So next Tuesday, we're back on the podcast here, Danielle.
It's been a pleasure having you.
Great to be here.
We are looking forward to the next time.
I know you got some things you're doing here the next couple of days.
Adam's got an interview that's going to be coming out with Danielle.
Yes.
That should come out on the next week.
So stay tuned for that.
But everybody that tuned in, if you enjoyed it, smash that subscribe button and have a wonderful rest of your day and weekend.
