PBD Podcast | Guest: Matt Sapaula & Tom Ellsworth | EP 48
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PBD Podcast Episode 46. Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N
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Okay, PBD podcast episode 48 with Tom Ellsworth Bizdock as well as Matthew Sappala Money, Smart Guy.
How are you guys doing?
PBD, great.
Great to be here.
Again, second week in a row.
Yes, that's right.
That's right.
That just means you're spending a lot of time in Florida.
What do you like about Florida?
You've been here now a couple times.
Boca Ratone, the land where you can just spend stupid money.
Everybody here is driving a G-Wagon.
Bentley, you know, everybody here has got a yacht.
That's correct.
I said the word yacht guy.
I went to high school, got a diploma.
That's how you spell it, like chair chapter.
So tell us why you're wearing the red shirt.
What's the red shirt about?
Red shirt's Friday.
Marine Corps veteran, representing the military veteran community.
Remember everyone deployed.
We wear red on Friday.
And I remember PBD being deployed to combat tours.
And I always told myself, listen, Lord, I must pray.
God, if you just bring me back home away from this, away from this, I promise I'm going to do something.
And I'm here, and I'm going to maximize the opportunity I have to come back to America, live the American dream, and make the most of the entrepreneurial dream.
And this is remember everyone deployed because I know it was like to be there in the armpit of the world somewhere in a foxhole and just appreciate America and just freedom.
America.
America.
Got to love America, man.
What a special country.
Okay.
So Mr. Thomas Ellsworth, how are you doing?
I'm doing great.
Thank you for serving, Matt.
I said that to you more than once, but thank you very much for serving.
Thank you for your support.
Uncle never came home from Vietnam and I was very young at the time, but I appreciate every single one of you that's something for our freedoms.
I'll take that on behalf of our brothers and sisters out there.
Thank you for your support.
By the way, in the military, you don't pronounce it yak.
You pronounce it destroyer.
Detroit.
You don't say yak.
You say destroyer.
Yeah, I got a destroyer parked outside my house.
Mine layer cruisers, missile-guided cruisers.
Imagine going to a realtor and you're having a serious conversation with your realtor saying, will a destroyer fit here?
Why?
I have one.
I'd like to park it right here.
And talking about ships, man, there's something going on with a ship in Suez Canal, Egypt.
It's causing mayhem around the world.
We got to talk about that.
We got to talk about Gen Z's getting screwed by remote work according to a Microsoft survey, which we'll get into.
Facebook and Amazon are now the top lobbying spenders in the U.S. Incoming Amazon CEO Andy Jazzy picked a close ally when he hired Adam Selpski to run its $51 billion cloud business.
Tesla now accepts Bitcoin as payment.
Dahlia says the Bitcoin community is pissed off with Dahlia right now.
He sees good probability that Bitcoin would get outlawed.
Citigroup CEO Jane Fraser calls for Zoom-free Fridays and new blank holiday as pandemic fatigue grows.
We work as in talks to go public through a spec deal.
Prince Harry gets a job.
He sits on a board now, a billion-dollar Silicon Valley startup as a senior executive.
I don't know if the interview helped out or not, but he definitely got a job offer.
He accepted it.
Royal Caribbean just announced more fully vaccinated cruises this year, this time in the Mediterranean.
Intel investing $20 billion in a new chip-making deal plant as part of the turnaround plan.
U.S. jobless claim falls to 684,000 people, fewest since pandemic.
And then we got New York pot legalization gets fast track on Cuomo lawmaker deal.
Miami mayor wants the federal government to help pay for Elon Musk to tunnel under his city, which I'm sure Bernie Sanders is very, very excited about.
Biden's press conference that he did, first one, he talked about reelection.
He talked about borders.
He talked about a lot of different things.
And, you know, Bernie Sanders gave some love to Trump.
I don't know if you guys heard what Bernie Sanders said.
Tom, did you hear what Bernie said?
And Bernie said, can you pull up the tweet on what Bernie Sanders said about Trump being banned from Twitter?
He says, look, he may be a this, he may be a that, he may be a this, but I'm not comfortable about us banning a president from being able to use Twitter.
So think about Bernie Sanders, a guy who is, let me read the top at the, what the headline is, Kai, if you can go all the way to the top.
Bernie Sanders against Donald Trump Twitter ban.
Tomorrow, it could be somebody else.
So even he is saying that.
And then yesterday.
Well, I'll translate somebody else.
Just put the word me.
Meaning it could be himself.
Yeah.
So what do you think about Bernie Sanders defending Donald Trump in this area?
I mean, does Bernie want Trump back on Twitter?
No, Bernie wants the whole heavy left liberal freedom of speech, even if it's inflammatory because it could involve him.
That's what I think he thinks.
What do you think?
I mean, this is cancel culture.
I mean, this is where we were talking about the big dangers of removing a freedom of speech.
Even a liberal left socialist can say, hey, we understand the gravity of getting deleted.
I can get deleted off Twitter.
Even they're admitting to this whole thing.
So I like to see this continue to evolve.
Yeah, they say that thing can be aimed at me, too.
That's correct.
What I like about this, what I like about this is the fact that at any point it could flip to somebody else.
But if there was one person, no one in the world would have guessed that would come out defending Trump on Twitter.
Bernie.
Bernie Sanders.
Nobody in the world would have expected Trump.
And maybe this says something about Bernie's character.
Here's what I think about Bernie's character.
I think Bernie likes a good fight.
Whether you like him or not, if there's one thing about Bernie you got to like, the guy's a guy who loves a good fight.
And I think he misses fighting.
Who's his enemy right now?
Like who's his one?
He's been a really quick.
Ted Cruz.
Now he's picking on Elon Musk.
He's picking on Jeff Bezos.
He kind of wants somebody to pick a fight on.
And then he's Trump back on.
Yesterday, Trump said he was asked by Laura Ingram, how does it feel not being active on Twitter and being able to message on Twitter?
Trump said, I have to be honest with you, I prefer press releases more than I do sending tweets because on press releases, I don't have a limit of 140 characters.
And on press releases, somebody looks over my paper when I write it, and then they come out and they can't say, well, you see, he said this word, he said that word.
He says, I think it's working fantastic.
Every time I write a press release, everybody on Twitter is talking about it, writing about it, which is working effectively.
Trump is like, it's okay if we don't go on Twitter or not.
People, what do you think about Trump potentially creating his own social network?
We'll see what's going to happen with that.
I mean, if he hires the right people, the right brains, he's going to need the right brains.
A lot of people have tried to create a social media network.
I think the other thing he will need as well is he will need more than just Republicans and MAGA to use it for it because it would be another parlor.
It would be a bigger parlor is what it would be.
But he will need a little bit of Hollywood.
He would need a little bit of music.
He would need entertainment, sports.
He would need people there to want to participate.
If not, I don't know if a lot of people from the other side are going to join his social media network.
It would only be to hear what he has to say and criticize him and kind of go from there.
Okay, so you said you had strong opinions about a legalization in New York.
Pot legalization gets fast-tracked on Cuomo lawmaker deal.
So why don't we talk about that?
Let me go to page six here on what happened with our buddy Cuomo.
So Cuomo has not had the most exciting last few weeks.
Now it comes out that New York is ready to legalize recreational marijuana.
The state would impose special pot taxes and prepare to license dispensaries under an agreement reached by Governor Cuomo and legislative leader.
The deal that legislative leader brokered with Cromo would legalize cannabis use for adults 21 years old and up and includes a 13% sales tax, 9% of which would go to the state and 4% to localities.
Let me give that to you one more time.
The deal would allow cannabis use to be legal for 21 and up, 13% sales tax on it, nine goes to the state, 4% goes to localities.
The governor's office estimates that a legal cannabis program could pull in $350 million a year once fully implemented.
Assembly Major Leader Crystal People Stokes said with New Jersey legalizing marijuana earlier this year, we are literally surrounded graphically by other states that are doing it.
We just need to stay ahead of times because we're New Yorkers.
We can walk and chew gum at the same time.
We can speed this up.
Tom, what are your thoughts on this?
I think you should take away the word cannabis and put in alcohol or lottery and then insert the word the benefit will go to the schools.
This is right out of the playbook of every state in the nation who understands when something's up and I can tax it and I can take advantage of it and the wave of momentum is coming over them, they go with it.
And I think New York's just going with it.
And, you know, we're going to legalize alcohol and we're going to get a tax on it and the benefit will go to the school.
Do you think it's good or bad?
But the question is, do you think it's good or bad?
Because let's face it, I know a lot of people in New York that would probably take advantage of this.
I'm sure a lot of people in New York are going to go out there and say, okay, great.
$350 million is $350 million.
And God knows New York needs tax money because they lost a lot of people to Florida, which means they need to find a way to generate that revenue back.
Just a basic question.
Is this a good strategy or is this a bad strategy?
I think it's good for New York.
What you saw in Chicago, Matt, what did you see?
Yeah, Illinois, January 2020 is when Illinois made the sale of cannabis legal, recreational-wise.
Right before the pandemic, go figure.
This is Illinois.
Illinois.
Just in time for a chill year.
Exactly.
So 10% was the sales tax in Illinois.
Generate half a billion dollars in revenue for Illinois.
Literally from my office, PB, two blocks just north of my office is a recreational marijuana lounge.
I mean, you walk in, it's beautiful.
Like a cigar lounge.
Oh, like a cigar lounge.
You go in there and it's just, it's beautiful.
It's well laid out.
It's really nice interior design.
I mean, they decked it out.
Really?
Apparently it's a chain.
What was the address?
People like to know what the address is, right?
220.
What's actually the name of what's the name of the place?
What is it?
It's called Consume.
It's called Consume.
Go figure.
Consume.
They got in Illinois.
They got in Michigan.
They got a bunch of dispensaries.
There's a network.
And it's literally two blocks away from our office.
And, you know, for me as a parent, not only is it a revenue generator for Illinois, but it challenged me as a parent.
You know, my kids, you know, dad, everybody's smoking pot.
Everybody's smoking pot.
And then I would discipline my kids for this, for marijuana use.
And the times I disciplined them, they didn't like it.
And then, you know, my kids now older, you know, my son's 25.
My twins are 19.
They're like, oh, well, Papa, it's legal now.
All the times you disciplined us.
So from a parent's standpoint, it's challenging because you have to stick to your values and principles, even though just because you could doesn't mean you should, type conversation with the kids.
But from a revenue generator for those who are adult and know what to do with the recreational, medicinal, got a bunch of veterans that consume this medicinally.
That's what I'm thinking.
What about you, Tom?
What do you think?
Going back to New York to answer the question directly, I think it's New York is surrounded by states that have taken the legislative approach.
Let's tax it.
Let's control it.
People are being forced a little bit.
Yeah, they're kind of being forced into the economic sanity and stabilization.
And, you know, people are going to drive to Connecticut.
People are going to drive to New Jersey or get a buzz and drive home.
You know, one thing on this, I still feel very strongly about.
You mean breathalyzers are here to help monitor drunk drivers and to keep the rest of us safe.
And I think we still, I don't think anybody has talked about figuring out how do you judge a real device to see that if someone's impaired.
Because I don't want people driving impaired, even if it's legal.
And my kids go to college and they smoke if they do, if they choose.
I want to bring up good standards about them about being intoxicated.
Wait, what just happened right there?
So if your kids go to school and they drink and they smoke weed and you want to bring good standards, I don't understand that part.
No, what I'm saying is I want to equip them with great judgment skills.
So as adults, if they choose to indulge, I have my feelings about what I hope they do and don't do, but if they choose to, I want them to do so legally, ethically, with care and consideration for the fellow citizens.
And I think on the marijuana side, we still don't have a good breathalyzer for marijuana because if somebody's baked, I think it's a good idea.
They're not driving heavy equipment.
Do you really not have anything for that yet?
Is driving under the influence?
Of course, you have your breathalyzers for alcohol, but do you have any weedalizers, for lack of a better term?
That's the point.
So there's nothing right now to find out if somebody's smoking, we don't drive it.
My understanding, there is not a consistent approved 50-state device the way the breathalyzer and the blood test at the hospital for alcohol.
Question becomes, do they drive better or worse?
That's the question.
What do they see?
Do they see new cars?
Do you see like unicorns?
Do they see lanes, multi-dimensional lanes others don't see?
I think we've gone to acid, Pat.
This is just what we're talking about.
And none of us are referencing anything from any personal experience.
So we have no clue.
Yeah.
I mean, there's a lot of innocence at this table.
Okay, so interestingly.
I'm sorry, when you're saying you should never operate a motor vehicle, heavy equipment, or a marriage.
We're going to see what's going to happen here with Illinois.
Next one, Gen Z getting screwed by remote work.
Microsoft finds a survey finds.
Let's read this here.
A new study from Microsoft found that among more than 31,000 workers, it surveyed 73% said they want remote work options to stay, with 46% saying the plan to move now that they can work remotely.
Still 67%, there's a bunch of percentages here.
67% said they want more in-person work or collaboration too.
In short, we don't seem to know what we want, is what the article is saying.
However, Gen Z workers born roughly between 1990s and 2010s responded to Microsoft survey generally by saying they're more stressed and find they're struggling more than their peers.
They tend to be single since they're younger, leading them to be isolated.
And since they're early in their careers, they don't have financial means to create a good workspace at home if their employer won't pay for it and they're not having those in-person meetings that sometimes help them land in career advancing projects or even get in good with the boss.
Tom, what do you have to say about this?
I think there's really something here because, you know, last year, America had to respond and we had to make Zoom work.
And Matt, your business, you talk about how you guys had a great year and you made Zoom and video conference work within the lockdown requirements you're under.
Correct.
But what's interesting for a Gen Z with less experience, where's the coffee with the boss?
You kind of look, read their body language.
You can see their insecurity or their confidence.
And you can have that mentoring moment.
I think that that's exactly what they're talking about here, that those human interconnections are lost and it's not developing emotional intelligence and the management skills.
You know, I just referenced what you did with your insurance agency.
Do you see it that way or am I crazy?
Yes.
Well, last year we grew by 60 plus percent last year with Zoom.
You know, a lot of people found quicker accessibility to clientele, interviews, hiring process, recruiting interviews.
But we were locked down into that computer all day.
It was all day, all day, all day from sun up to sundown.
The volume of poems we were able to accomplish in an eight-hour, 10-hour, 12-hour day was massive.
I think it's interesting that Microsoft did this survey.
Don't they have the incentive for people to use their Microsoft teams?
You know, if I find is this type of survey.
That's a very good point.
Zoom Zoom competitor in there.
And yet they're saying people are getting screwed by remote work.
But now that our offices are starting to open back up, what we've missed, what we've thoroughly missed, was the in-person connections.
You gave us a magazine to read last month.
It was the Harvard Business Review about how an office is a social anchor of a company culture.
And we just started opening offices back up again three weeks ago in Illinois in our Oprah office.
And people are feeling that connection all over again.
And in that article, it states that when you're in person, that's when you develop teamwork, trust, commitment, camaraderie.
You don't necessarily get that through Zoom.
And I think you brought up a point yesterday, Tom, is that the Gen Z worker is missing out on being around a guy like you.
He's got experience.
Three commitami.
Imagine being in an office.
You're hanging around three commitments.
Imagine being in an office with you, PBD.
The in-person connection they have with somebody that they can be basically an apprentice to.
They can learn from the wisdom that's around an in-person environment versus something you miss out on remotely working.
Yeah, I agree.
I think what they miss out on is watching across the office, seeing how people interact.
And there's a lot of, and I go back to emotional intelligence.
I think that they lose that.
I don't think that there's an opportunity to gain that.
You know, my own experience here with Value Attainment, you know, filming case studies.
And so I film in the studio with the team that's shooting.
But then this week, being able to be side by side with the editing team, talking to them, you know, got to know them a little bit while we were going over an edit.
You don't do that on Zoom.
You're just like.
So the question becomes, you've got three types of people you're dealing with, right?
If you.
If you want to get back into opening and back up and come back to the office, you got the kind of person who doesn't want to wear a mask, could care less about it.
They're like, I don't even, it's not something that scares me.
I'm just, you know, it is what it is.
I have no desire.
I'm not scared.
I can't wait for us to work again.
I can't wait to be in a physical office.
I want this environment, right?
The second person you're dealing with is a person that always follows the rules and they just, they're good citizens, which is what?
You want me to wear a mask?
I'll wear a mask.
You want me to do this?
They're just more the majority, which is, I'm going to do what I'm being told to do.
So one fights it, one follows the rules, and the other one is the extreme.
So the extreme is who?
Don't get close to me.
Don't do this.
Don't do that.
Hey, don't touch me.
Like even yesterday when Ted Cruz was giving a speech before he gets started, one of the reporters was like, hey, where's your mask?
He says, I don't need a mask.
I'm speaking to you right now.
It says, no, but where's your mask?
He says, well, I just took the test.
I'm clean.
I've taken it.
I'm good.
I'm good.
I don't need to wear a mask.
Get a vaccine today, didn't he?
Yeah, he did.
So he said, the whole thing becomes right.
Those three.
How do you make those three work in an environment?
How do you make the one that's kind of like, I don't think it's a big deal?
What's up, Tom?
How you doing?
You know, blah, blah, blah.
Just very friendly.
The guy in the middle that's just following the guidelines.
And the guy that's the extreme saying, no, this is not safe.
This is not this, like making it extremely dramatic.
The middle ones are obviously going to be easy to deal with, sure.
Because here's the guidelines, here's what we're doing.
It's the extremes of both ends that you got to figure out a way to reason with to make this going back to office work.
How do you make that happen, Tom?
I mean, you've been around for a while, Matt.
You've been running an office.
How are you doing?
I was just in Memphis last week dealing with a couple of our guys, Sabin and Ruben Ote in one office and Edward and Jamie Musgrove in the other office.
And they're excited to be amongst each other.
They mentioned this is the first time we've been together in a year and all the excitement, all the camarading, and the way they feel about each other, they've built that relationship online, working together on a daily basis, building the insurance agency.
And the conversation became, nice to meet you.
Are you a fist bumper?
Are you a handshaker?
You're asking.
I'm asking.
Good.
And then people, no, I'm a hugger.
I was like, okay.
In the South, I guess there are a lot of huggers.
No problem.
And so I'm asking.
And I think it's another step, PBD.
You just ask, are you a fist bump or are you a handshake?
What are you comfortable with?
Elbows?
And some people are just elbows.
No problem.
Hey, let's, you know.
Yeah.
I can see that.
What are you thinking, Tom?
I think there's two things.
The first thing in all this is, you know, you let the people know, you know what?
If the Civic is locked down, if this is here, we're going to do what the state is asking us to do.
And so we're going to, you know, take care of that.
And then, like, there's somebody, there's a great editor that I work with, Kyle, and he still feels a little uncomfortable.
So when you come to his cube, he would prefer to keep, he has a bandana, he'd prefer to keep wearing that, but he's reasonable.
He's very reasonable.
He gets his stuff done.
He just says, hey, I'm just not comfortable yet.
And I have an older relative, I guess, he lives with.
He says, hey, I get that.
So I give him the space.
It's all cool.
You kind of elbow at a distance.
So I think you show care and consideration for the person's viewpoint, but you got to have a reasonable office environment where you're getting things done.
And the inmates can't run the asylum.
They say, let's put a plexiglass corridors everywhere.
So I think you show care and consideration.
And you also show that you're complying with the state.
And that I think you just guide people by example and just show a little respect for their particular feelings.
This leads me to WeWork, which has a lot to do with what we're talking about, right?
Here's WeWork, a company that decides to go public through a SPAC deal, right?
We all know what WeWork is.
WeWork is essentially what?
It's office space, right?
A bunch of businesses coming together.
And we work in the same office space together.
Which, by the way, brilliant idea.
They were killing it.
I mean, everybody was talking about it.
Sort of a cool version of Regis for the market.
Exactly.
The get-old Regis, old, old buildings that they would never do up.
Yeah, exactly.
So the office sharing startup plans for its high-profile IPO imploded spectacularly in October 2019 due to widespread criticism over its business model and its founder, Adam Newman's management style.
WeWork had held talks with at least three blank check firms, SPACs, over the past two months, cautioning that the current talks could fall apart.
We have SPACs approaching on a weekly basis.
WeWork executive chairman Marcelo Clar said, who used to be with Sprint.
WeWork was valued at $47 billion in 2019, but saw its valuation plummet to roughly $8 billion after SoftBank was forced to extend the life-saving financing lifeline at WeWork.
So the part everybody has to realize is even before the pandemic, these guys were having problems.
They fired Adam Newman.
They laid off 2,400 employees, lost billions of dollars, and then comes coronavirus.
They get crushed.
Tom, do you think these guys can recover from it and be a business model that's profitable that people would want to invest in?
I don't know.
I mean, Marcelo Clar has basically done more stabilization than innovation.
He stabilized things and they're trying to get out with a story.
But, you know, it's really interesting.
I think the whole thing, they're waiting for people to go back from work from home to use office again because WeWork was about, hey, if you step back and look at WeWork, they were for Gen Z, the open lobby, everybody gets to hang out together.
You know, there's a word for that in COVID.
It's called super spreader.
So I don't know.
They got to convince people that that business model is going to work and that businesses are going to come back and want open areas where people can hang out by the coffee machine, learn from each other, and each business have their own little private Idaho in there.
But I think SoftBank, I mean, SoftBank, that 47 million thing, SoftBank hit hard wall.
You know, that was not fun.
And so I think they want to get out and they almost have to get out to the market so they can, you know, put this money in the bank.
But they got to prove to everybody there's a real business there.
Would you invest in WeWork right now?
Nope.
Like, are you buy, sell, hold, neutral?
I've got great respect for SoftBank, but I think they're in a very hard place.
Why are they doing it, though?
These are smart people.
Why are they getting into it?
Put your hat on and say, what alternatives do they have?
Right?
They need capital to run this.
This is continuing to run at a loss even before the pandemic.
So how can rents be up that they're actually making a buck?
Is this if SoftBank is deciding to do something like this, is this a good sign for everybody else to say that if a company like SoftBank views everything going back to normal, if they're risking money like this to invest into a company that's a mess like WeWork is because of what happened in 2019 and the fact the pandemic crushed them, I'm not even talking about the issues prior to Adam Newman's management style.
Let's set that aside.
I'm just talking about the consequences of what COVID did to WeWork.
Absolutely.
If they're investing, are they indirectly saying we feel the future looks bright?
Everything's going to go back to normal.
For me, if you're going to ask me to invest in it, I know, am I putting my retirement savings and knowing that it needs to be there when I retire?
No, I'm not doing it.
Am I putting a little bit of my money towards?
Of course I would because I believe in the WeWork office sharing platform.
We've got a bunch in downtown Chicago at the merchandise mart and just a bunch of incubating entrepreneurs are there.
I think the attraction back again of, again, back to the connection, because you can't really connect with people on Zoom.
And I think if you're going to connect with other entrepreneurs, of people that are incubating too as well in that phase of their business, a WeWork type of operation grows, they got some SPACs approaching them.
The type of money that's being thrown in this direction.
I take a whim at it.
If I'm an incubating entrepreneur today, I'd be looking for a WeWorks type of office sharing platform to start my business.
Interesting.
If you're watching this, I'm actually curious right now.
Okay, let's take a look at this.
We got 217 thumbs up, Kai.
I don't know if you're seeing it.
We got 217 thumbs up right now.
No thumbs down.
By the way, appreciate the love if you're with us.
And if you haven't subscribed to the channel, please do so.
And some of you that think you already are subscribed, this is a different channel.
It's a PBD podcast channel.
So click that subscribe button and the notification.
But I got a question for you.
I got a question for you.
Thumbs up if you are fully comfortable going back to work and being around others.
You know, where, you know, how it was in 2019, you're like, I cannot wait to go to a fully environment.
Thumbs down if you're saying it's reckless.
We're starting way too early.
We should take our time.
So smash thumbs up.
If you say, yes, we got to get back to work and being around each other.
Thumbs down if you don't.
So we have 217 and zero.
I'm actually curious to know what happens to it so far voting with that.
Most people are saying they want to get back to work.
Do you see that?
Only two people so far have said no.
Most of the world, not what the media tells you, not what the focus groups of a certain niche group of people tell you.
By the way, 321 to 1.
Think about that.
That means 104 people voted thumbs up.
One person said, I don't want to go back to work.
So to the person that said, you don't want to go back to work, do you mind commenting below and saying why?
Okay, now we went to five.
Let us know why you're uncomfortable of going back.
Is it the fear of COVID being contagious?
Is it the fear of What if I get sick and what's happening right now with different schools or different places and the spread that's taking place in different places?
It's happening right now.
We had a conversation with a couple of schools that are going through it in Texas that this is taking place.
We experienced it ourselves.
Or is it just something where the tipping point is, I just don't want to work in an environment anymore?
Because a part of this, I know certain people who are introverts that they would love to work from home for the rest of their lives.
Exactly.
They will love to not be around other people.
They would love.
So how much of this is revealing the extroverts and the introverts?
Okay.
How much of this is revealing who has always wanted to work from home and they never wanted to be around others?
They would much rather do their work and not go to a work environment.
And how much of it is, you know, I'm just scared wanting to go back.
I'm curious.
Peebie, I've asked you in many, many conversations, you know, because, you know, you get distracted all the time by all these different ways to make money online, all these different ways to do e-commerce, many different ways to run a business from behind the computer, the four-hour workweek type of person, right?
You too can run an Amazon dropship business.
Dropship months.
And so I asked you, and if you could share with the viewers and the listeners here, what your answer was to me, because I asked you, can we really run an insurance operation, grow an insurance operation, or any business operation that requires people to be working together with something that sustains and lasts and creates generational wealth?
Can we do this from behind a computer?
And then your answer to me was, if you want to build something that lasts, man, I think you need to be around and build something together cohesively as a team in an environment.
Can you consider that?
I always battle with one thing.
Let me tell you what it is.
I remember one time reading an article about, here's what's the mistake of millennials and here's how they are.
And here's the gen, he's just talking about the younger generation, all the problems that they have.
But the sentence it ended with, this is Time magazine, the sentence it ended with was, but then again, if you are complaining about millennials, maybe it's because you're getting older.
Okay, because every generation told us that.
They're like, well, these men like Elvis Presley who are shaking their hips, you know, this is not good for our kids and our daughters.
They should not see a man move his hips the way he does.
This is not appropriate.
It's not the conservative thing to do.
Elvis Presley was, you know, moving his hips and girls were going crazy.
That's right.
My music makes me move.
So you got that.
So the older generation, you know, I'm now 42, which means I'm young enough to connect to the 20, 30 year olds, but I'm young enough to connect to the 20 to 30, but also at the same time, old enough where it's 50 is just 10 years and 60 is right there.
It's not like, you know, when I was 20, today's 60 year olds were 40.
When I was 30, they were 50.
When I'm 42, they're 60, right?
So we're right in the middle.
So for us to say, you know, the Zoom model is the only way to go is the old school model.
That also means maybe we're not adapting with the times.
That also means maybe we're getting too old and we're not willing to adjust and see what the directions are.
Maybe the younger generation's got something to teach us.
And we have to realize this is something that is going to be here to stay.
But at the same time, at the same time, at the same time, how many times have you gone to someone's house where the kid has been, what's the word I'm looking for, where they are isolated from everybody their entire lives because the parents are so paranoid.
And I'm not even talking about COVID.
I'm just talking about parents who hardcore isolate their kids from everything.
And you talk to the kid.
How are you?
Good.
How's your day today?
Good.
So what's your favorite thing to do?
Video games.
I don't know.
Yeah, I don't know.
Right.
You see, so I'm like, dude, like, where's the soul, man?
Let me like, where's the conflict?
Where's where's so?
How do you get that?
The only way you get that is what?
To be around other people.
You know, what makes us different from animals is we can respond, we can communicate, we have a way of talking to each other, we can create, we can work together as a community.
So I think both is needed.
And I'm kind of glad Microsoft is doing the survey, by the way.
I love when companies do a survey that some parts of the survey contradict their own business model.
And for these guys to own what they have to say, hey, we got to kind of get back to work, it makes sense.
But we will not know the consequences of the way we handle COVID and the isolation.
It'll take a minimum of a decade or two to see it because a six-year-old that was going to school is going to be 26 one day, 16 in 10 years.
You ain't going to know what this is going to do to him right now.
Is he going to make a full recovery?
Is he not?
That's the one part we don't know.
So, no matter what anybody says, experts, any doctor, anybody says, none of us know what is really going to happen 10 years from now.
The whole thing with the vaccine, when I talk to certain people that don't want to take it, like yesterday, one of our friends, Jose, he goes to the hotel and she says, This 22-year-old girl is like, I can't wait to take the vaccine.
And then everything can get, sir, please be careful touching that.
You know, you don't want to get sick.
And then Jose asked the lady, he says, Can I ask you a question?
She says, Yeah.
So, what's in the vaccine?
She says, Well, I think it's all good stuff.
And she says, He says, When you eat, do you not look at the label on what's in it?
Yeah.
Don't you think it's a good idea for you to also know what's in the vaccine?
I guess that makes sense.
Well, we don't know what's in the vaccine.
So, the people that are uncomfortable with the vaccine, and I know we're making a big push right now, Biden talked about yesterday going to 200 million.
He's already done 100.
He almost 200 million in the first hundred days.
100 million in the first 85 days.
The challenge with us is we also don't know what's going to happen with this vaccine side effects for a decade.
You're not going to know what's going to happen.
There's some side effects that could be a decade.
Two decades.
How about the military shots we took when we're in the middle?
Look what happened to us.
So, we have no idea what those shots were that we took.
So, we are not really going to know the side effects of the level of isolation and people working from home for quite some time.
Kids and some adults.
Tom, do you have any feedback on this?
Yeah, I do.
I think you make some great points.
And right now, I look at it like this: it's not binary, but the news media looking for the story kind of treats it as binary, like all work from home or not.
And I think what happened is business found a way to make it work and make it work profitably.
And we found certain parts of business that, like, you know, coders could be working remotely, still on a team, be very effective.
But the human interaction and the culture of the business can't be communicated over Zoom.
And so, I think it's not binary.
And I think one of the things we're going to find out later, to your point, we're all going to look back at that and find out that maybe culture and the humanness is lost.
Even though, oh, my coding worked well, I made a profit that year, everything got done.
I don't think we're going to know for about 10 years.
We're going to look back and we're going to see, wow, did we lose that interconnection?
You know, long before, I'll tell you something, long before, you know, GoFundMes, if somebody didn't make as much as other people lost a relative or something, we did GoFundMe.
We took collections in the office.
We said, wow, you know, this is-yeah, this is an only child who's going to be responsible for burying their uncle and has got all this stuff.
So, we would pass the hat and then have like HR quietly say, Your coworkers have risen up to kind of help you out here.
We did a good thing.
That is a cultural moment for that person.
And there's a lot of that stuff I think is going to be lost.
And to your point, I think it is going to be 10 years.
What do you think?
You look at your insurance agency now and a year ago.
Where do you think the impact is?
I mean, I'm thinking where I got stuck on in terms of the vaccine was if Sheena was pregnant today, would I trust her to take the vaccine?
And my answer is no.
I agree.
It went out so quickly.
What was it, three months of testing?
So how do they find willing pregnant women to do a true test across the developmental nine-month flow of a child to see micro doses to see if something's up?
Yeah, 100%.
Peebd, what do you think?
We will find out here in the next few years on what's going to happen.
We're going to find out what's going to happen next few years.
I think one thing I do bank on is the ability for human beings to adapt.
And some adapt faster, some adapt slower.
Those who adapt slower typically are led and respond to those who adapt faster, similar to what happened in sports.
Everybody responded to what Dana White did.
Everybody's shutting stuff down.
Dana White said, we're going on an island.
And they said, well, maybe we got to do it.
And then Orlando opened up and they said, we're going to do the bubble basketball.
So there's typically one person that goes out there and does it.
And he's a risk.
He's got the biggest risk to take because if he screws up, everyone's going to say, I told you not to do it.
But he's also got the highest potential of being a hero because if he wins, everybody says, damn, he's smart.
Look what he did.
Let's follow his suit.
So we're going to see there's going to be companies that are going to open up and they're going to get hardcore criticism from the marketplace.
And then there's going to be companies that are not going to open up, that they're going to get what?
Hardcore support and empathetic.
Oh, my gosh, you're so wonderful for doing what you're doing.
One of them is going to be a hero and one of them is not in the next year or two years.
We're going to look at one and we're going to say, wow, good for them.
They knew what they, those guys were too scared.
Or vice versa.
We'll see what's going to be happening.
So time will tell.
I don't think any one of us can see what's going to happen right now.
But I want to go to some of the people here that commented and Aaron Delgado gave $20 and he said the following.
He said, drunk drivers blow through stop sign.
Stoned drivers, wait for them to turn green.
Nicole Serino gave 10 bucks.
She says she wants to see Tulsi Gabbard and Dave Ruben on to discuss Pat's tax idea for California.
That was by far my favorite discussion ever.
Roll tight.
Nicole, why don't you go on Twitter and tweet at both of them with my handle and then we'll see if the audience wants to see it or not and what kind of traction we'll get.
Odora Noel Zenitman gave $10.
Gen Zs need to get into real hardworking jobs, not remote wishy-washy jobs, unless it's straight up code writing.
This generation has it way too easy and are least appreciative of honest, hard work.
Then we have another person here, Ruben Zuvolonov said, good morning.
Please interview George Friedman and Geopolitical Futures.
It would be on the top of one of the top interviews for U.S. versus China.
Make a note of that and we'll take a look and let you know how that goes.
Then we have 50 Year Journey.
He said it's not, he gave $20.
It's not about work more than it is about social aspect.
We are mostly social by nature.
A WeWorks will allow for that without the feeling of a slave office feeling.
Plus, it gets rid of the business liability for COVID.
Very interesting.
Very interesting.
And then we have Good Mother who said the following.
She gave $10 and she said, all the people I know personally who want to stay home are female.
All the people I know who want to stay home are female.
I would be curious to go a little deeper there with data to find out if majority of the people that want to work from home are female.
I don't know.
That's her reality, her circle.
That could be her reality, her circle.
But if somebody could do that data to pull it up, it'd be a very interesting research to discuss.
So one of the folks on Twitter, if you got any questions that you want us to address, if you go on Twitter and tweet with PBD podcast, hashtag PBD podcast, we will address some of the questions that you may have.
One of the guys here asked about Bitcoin.
Daniel Mateo said NFTs and Bitcoins are as the global reserve currency.
Well, before we go into the global reserve currency, why don't we talk about what Ray Dalio said about Bitcoin being outlawed?
Here's what Ray Dalio had to say about Bitcoins being outlawed.
The founder of the $150 billion hedge fund, Bridgewater Associate, the world's largest, made a case that there's a good probability Bitcoin could be outlawed, similar to when the U.S. government made it illegal to privately own gold.
As Dalio points out in his upcoming book, The Changing World Order, the Gold Reserve Act of 1934 made it illegal for individuals to own gold because government leaders didn't want to compete.
They didn't want gold to compete with money and credit as a storehold of wealth.
Something similar would happen with Bitcoin, which has surged against a backdrop of a high level of debt, low interest rates, a lot of liquidity and stimulus, and investors seeking alternative to bonds and currencies.
Every country, here's what he says, every country treasury treasures its monopoly on controlling the supply and demand.
Very powerful statement.
I want to read that again.
Every country treasures its monopoly on controlling the supply and demand.
They don't want other monies to be operating or competing because things can get out of control.
So I think that it would be very likely that you will have it under a certain set of circumstances outlawed the way gold was outlawed.
Thoughts, Matt Sopolla.
Gold was outlawed, what, 1933?
And in terms of holding possession of actual physical gold.
And then it was Gerald Ford, 1974, that said, okay, he can have it back.
They repealed it.
Is this potentially something that Bitcoin can be outlawed temporarily for that 30, 40 year process until the government can figure out what type of role that Bitcoin can play in our economy?
I've always said this from the beginning, my position on it in the beginning.
Bitcoin sounds cool, it sounds very good, but there's a difference in my investing world of intrinsic value and imputed value.
Intrinsic value means there's an actual asset that's actually generating value behind the company.
Imputed value is what you think it's worth.
For me, as an investor and me not coming from any money, driving a bus as a kid, and now I'm starting to make money, it doesn't mean I'm frivolous with money, just throw money at things.
For me, it's hard for me to personally bank on.
Again, I wouldn't put my retirement savings here, money that you know needs to be there, into something that, again, I'm not giving financial advice, but I'm saying that for something that is imputed, it's kind of hard to see the government saying, we're going to release control of the number one way to control American citizens into something that's decentralized.
It's only one government regulation away from Bitcoin being outlawed and the opportunity being stripped away from it temporarily.
Curious, if you're watching this, if you're watching this, comment below, do you think Ray Dalio is right and there's going to be some kind of a, you know, a Bitcoin being outlawed or controlled by the government.
Tom, what are your thoughts?
Well, I think Ray's not trying to make a controversy here.
I think he's really looking at a historical case study because the governments, they control the interest rates, they control the money supply, M1, M2, and they're out there, want to have the knobs of the economy and they don't want a secondary currency or value under there.
That's why the whole thing happened from the Gold Reserve Act of 1934.
So I don't think Ray's trying to be controversial, but I think that the governments with the fiat currencies and fiat currency, meaning currencies that are not backed up by gold or silver, they're just the implied trading value at that moment as compared to other currencies.
They don't want to lose that because they lose control of the actual economy itself.
And there's secondary economies.
There is a case study on this, and it is Russia.
And the joke during the Reagan administration with Russia is like, hey, Russia can come to the monetary trading system once they have a currency of defined value that can be traded against other currencies.
And remember, the ruble was a joke at the time.
Remember that?
And people said, what are you talking about?
They do have a currency that trades against other currencies.
It says it's green.
It's got pictures of U.S. presidents on it.
And so the joke was that it was U.S. currency, was the hard currency in Russia that the Russians would actively conduct commerce on.
And that flipped out, you know, the Russian government.
So the government's, and there's your case study there.
Forget about communism, forget about things.
But the Russian government didn't want the U.S. dollar to be this underground currency.
And they put a lot of steps in, try to control that, and it failed.
But the government's going to give up that control, man.
So go ahead.
Peebility, what do you think?
I mean, Dahlio's got a vested interest to outlaw Bitcoin.
I mean, he's a fiat currency guy.
He is a fiat currency guy.
But this is my question for you about Bitcoin.
Okay, Kai, I want you to think about this as well from a young standpoint on what you would say about this.
So what is more necessary and beneficial selfishly for the government?
So think like a politician.
Think you are Biden.
Think you are Janet Yellen, who Janet Yellen's been one of the biggest proponents of trying to control Bitcoin.
She's not a Bitcoin person.
She's not necessarily a pro-Bitcoin person, right?
Taking Elizabeth Warren.
Is Elizabeth Warren pro-Bitcoin?
I don't know.
She's a regulation person.
She's a regulation person, right?
If you look at a Biden, a Elizabeth Warren, a Bernie Sanders, here's what's the weirdest things that's happened.
When I talk to people, the guy that sold that NFT, can you pull up NFT underways, Every Days?
He just did a nice one of Elon Musk yesterday, by the way.
I don't know if you saw that on a pretty sick one he did yesterday.
So he sold this for $69 million.
I asked the question in the interview.
I asked the question in the interview.
Tom, you've heard about this, the Every Days.
It's 5,000 days.
Every day he designed one and then he put it together as a colleague.
He's very prolific.
People.
He's phenomenal, right?
So him and I spoke last week, Mike.
And I asked the question when he did the auction at Christie's.
And Christie's, you know, Christie's auction house, they do bigger things.
They do artwork.
They do stuff that's physical.
He said there were 33 bidders, active bidders, the last hour of the item.
It was like at 14 million, ended up selling for 69 million.
I asked the question, I said, 14 million, 33 bidders?
He said, yeah.
I said, out of those 33 bidders, how many of them are Bitcoin millionaires?
He said, all of them.
They're all Bitcoin people, cryptocurrency people.
So, which means what?
Every once in a while, you know, something comes in where most people don't take advantage of it.
Okay.
Where an average regular Joe who is a little bit, you know, different, weird, people call him crazy.
People call him out of the ordinary, ends up buying into it and they put $1,000 in Bitcoin when it was nothing.
A quarter, a dollar, two bucks, $10, $30, whatever it is.
They put $10,000 into it.
Now they're millionaires.
Now they have money.
Some of them have real money.
Some of them have a few hundred million dollars.
A few of them are billionaire, crypto billionaires that are out there, right?
Okay.
What happens when people are popping out being billionaires and millionaires in an industry that not many people looked at and trusted?
And there was a community that was doing, I don't know if this guy, maybe there's going to be some stuff that's going on that's shady.
Now they have that money.
Okay.
So how much money was being made selling cocaine years ago?
And I'm not making a comparison.
The owners, and I'm saying this, I'm going to a place with this.
How much money is cocaine per year?
How much money is pot per year?
How big of a business is it?
How much money was alcohol when bootleggers used to make money behind?
How much money is it, right?
Regulation days.
Is the government more concerned about control and the worry of currency manipulation with Bitcoin?
Or is the government more concerned about collecting taxes?
Because if you do over-regulate crypto or Bitcoin or any of that, then where do you collect the taxes from all these people that are making billions of dollars?
That's revenue going back to the government.
So what's more important to the U.S. government?
The control of the currency to not be able to manipulate our current fiat currency or the ability to collect more taxes and add a tax to it.
So again, let me go a little deeper so this makes sense to you.
So maybe there is no regulation, but maybe there's a Bitcoin tax.
Maybe they're saying we're not going to regulate it.
But we're going to add a 15%, like, you know, the same thing they said, the WE tax in New York, 13% nine goes to the state, four goes to the localities.
What if there is a tax on Bitcoin rather than a regulation?
Is the government thinking revenue or is the government thinking control?
What are your thoughts?
I think control is taxation.
I think if you're going to control it, is it because you want to tax it?
And then if you can tax it, you can find a way to manipulate it.
I think it's both, PBD.
Great point.
You know, when Russell Okong, the NFL player, said, pay half of my $13 million in Bitcoin in Bitcoin.
I mean, so how do you tax now half of his salary with the other half of his salary?
It's easy.
40% whopped, just chop right off to the income taxes.
But the other half of his salary went from 6.5 to 8.510.
You can't tax it because it's Bitcoin.
So I think it's both, PBD.
Tom.
I think the conservative side of government wants reasonable controls.
And I think the highly liberal side of government wants to tax everything with controls.
So I think it's a little bit of both.
And I think the central banks and the money policy people, they want the control back because they control the world's financial system.
Tom, if you and I, you've been in the world of dealing with investors for a long time, right?
An investor, if you represent an investor and he brings in the money, okay?
What are some ways investors control the entrepreneur?
What are some ways, if you were to tell us, I know it, I'm just hearing from you so the audience can hear.
What are some ways the investor says, I'll give you this $5 million, I'll give you this $50 million, but these are the controls.
What are some ways the investor controls the entrepreneur?
Well, the most common thing that people find with venture investment or private equity investment is what's called the preferred position.
They have what's called preferred stock.
So they get to approve every transaction over X.
And then there's the operating committee.
You have your boards.
And they get a couple of board seats.
So now they got a certain number of boards.
So they put these controls that in exchange for my money, I get these controls because you're a nice entrepreneur.
I want to make a buck on you.
We all want to make a buck on this.
But we're going to be on your board controlling these things.
And then you can't spend or do things beyond a certain limit here or bad things happen.
And so they put controls around their money.
How many controls are there?
Like, maybe you're not going as deep as it can be.
So one is preferred.
The other one is voting control.
Correct.
The other one is how much money you can pay for yourself or salary.
The other one is how much money you can spend in one transaction.
So if you're going to do anything, anything that you're going to spend over $50,000, you need our approval, $100,000, half a million dollars, a million dollars, whatever.
How much the profit money is a bonus for executives versus a dividend back to them?
To everybody that they participate in.
There is so many different ways that they create controls, right?
Correct.
Here's a question for you.
Historically, what are some ways the U.S. government can impose controls on Bitcoin?
Taxation being one of them.
What are other creative ways that a Janet Yellen or a Biden administration can create controls on Bitcoin and cryptocurrency?
Wow, you're spoofed.
The guy who's Wikipedia is spooked.
So all I'm asking is, there are so many creative ways.
What is the way?
What are they going to do to create controls?
You know, tax being one of them, regulation being another one.
You know, how much a, like, you know, how Remember when the GME, the GameStop stock went up, and then all of a sudden they said, what?
No more activity, no more activity.
Is there a lid to be put on it on how much it can go?
Can they price it themselves?
You know, one control is coming and saying, hey, gold is worth, what was a dollar a month back in 1934, where gold's worth $29, $34.
You remember what the number was?
Per ounce?
$36, maybe?
Some number like that, where they said they dictate what it's worth.
So what if they come out and they say, we're going to regulate?
You say Bitcoin's worth $50,000 per, we're going to put a number on it.
Bitcoin is worth $10,000 per.
Like, I'm not saying that's what they're going to do.
All I'm asking is you have to anticipate that regulators think very differently than freedom, libertarian, leave-me-alone entrepreneurs, innovators.
We have the SEC and the market controls, right?
And the SEC influences used to be the MX, used to be Chicago Board of Options.
You had all these markets out there where you could buy and sell stuff, whether it's fruit and livestock futures or a share of stock or an option on stock.
And the SEC has got things in there about volatility and what's called the circuit breakers.
If the circuit breakers trip, they suspend trading on things.
So they can put tight controls in there that are deemed to protect the investor.
Robin Hood, remember, limited how many you could trade at a certain day.
SEC could step in and do simple things like that.
There's a lot of ways that they could control the momentum, the amount, and go back to the, it's not even 100 years ago, the Federal Reserve Act 1934, of how much you can own.
I just thought about something.
The easiest way to control and manipulate it is to increase.
If you want to pay for something, Kai, we can hear you.
If they want to pay for something in cash or credit cards at this price, but if they want to pay in Bitcoin, it's this price.
Yeah, the other part is like, look what happened with the industry you and I are a part of, right?
You got a Joseph Kennedy who gets recruited by a Roosevelt to come in and try to figure out the stock market manipulation.
And Joseph Kennedy calls a meeting, apparently, that says, hey, everybody needs to come to New York who's selling stocks.
And people didn't show up.
And it's like, wait a minute, you better listen to me and show up.
They didn't show up.
So he says, you know what?
The only way you can sell stocks moving forward is you have to pass a license called a Series 7.
Then everybody ended up showing up.
They said, the only way you can sell it, you have to fingerprint because back then they were cash-ups being handled.
So they came and do fingerprint.
We're doing fingerprinting till today.
We don't even touch cash.
We don't even know why we're doing fingerprinting till today, right?
So there's an element of licensing.
There's an element of, you know, those are the things like how all of they're pretty creative when they come out with regulation.
Kai, do you have something in mind you want to share with us?
Yeah, no, so I think the biggest thing for them also now that essentially, because Bitcoin you keep in a wallet, right?
That wallet, essentially, the government really doesn't have access to.
They don't know how much is in there, depending on how much you've earned.
If you buy in low, you sell high, kind of this, that, and the other.
So I think a big part of it is that that money can sit in the wallet and you're not paying any capital gains or anything of that kind.
So now that, say, Tesla is allowing you to buy a Bitcoin, right?
Or buy it with Bitcoin.
I think that's the only place where government realistically can then go in and take a piece of the pie because now they can see, oh, you have that.
You're trading that value.
So then they have to come in with some sort of tax there because if not, the Bitcoin can just sit in a wallet and that money can store, that money can stay there, it can grow, yada, yada, yada.
Or the other way is when you then put that money from the Bitcoin into your bank, then it's kind of like, oh, suddenly you have 40 million here.
What's going on, Mr. XYZ?
So for regulation or just purposes of taxes, I think that they're going to have to find a way to tax spending money with Bitcoin on buying something in that transaction.
You have to find a way to kind of get a piece of the pie there.
I remember when, you're right, Kai.
I remember when there's a point in time you can buy something on Amazon or eBay without having paid tax on it.
There's no tax on it.
That's right.
Now they're tax on it.
That's right.
So this is just another evolution.
Can they stop Bitcoin?
I don't think they can, but they can find a way to tax it.
Yeah.
Well, there was also that long ago, you could commit several wire transactions and you could effectively obfuscate what you were doing with money.
And then the federal government said it, okay, to control it, they forced the banks to be the reporting agency and be not really the cop of the reporting agency.
So what's the limit on a wire transaction now where the bank has to turn in your social security number and the wire transaction?
10 grand, right?
A deposit of $10,000 in a bank.
The banks have to report it, correct?
So now who's now the government's got the, okay, in exchange for FDIC insurance, you have to, and all these other benefits of connecting the money supply and the overnight borrowing rate for all the banks.
Now you have to tell us every time there's a transaction of over $10,000.
Good point.
So now they're collecting all the information so they can come back to you on an audit and say, Matt, you had all these wires going back and forth.
You can no longer hide where your money's coming going from.
Was this income or is this savings to the check-in?
What was going on here?
And they know it.
So there's a lot of other controls that go in there.
That was one of the first, we talk about the government having too much data on us and things like this.
That was a data gold mine for the IRS auditors.
Now they had the banks recording and reporting every $10,000 transaction.
So banks would have FDIC.
If the bank was to go and do default, the banks have FDIC.
If a brokerage went to default, you have the SIPC.
What would it be for crypto?
What would it be for Bitcoin?
There is none.
Well, there wasn't those until they needed them, was there?
Correct.
Until people started losing a lot of money.
There it is.
There's a protection.
So you're saying if all of a sudden a lot of people lose money and there's a dramatic drop-off, then we may have an SIPC type of a thing set up?
Correct.
Got it.
Interesting.
That's the regulation.
To protect the consumer.
There'll be a crisis, and the government will say, never let a good crisis go to waste.
And in the name of protecting us, there will be regulations and systems put in place.
We got Homeland Security protecting us as we go on airplanes.
Now, that didn't exist, right?
But we had a crisis, and now we have a new government agency.
Mr. Ronald Reagan said, there's never anything so permanent as a temporary government program.
Receipt belts and stop signs and stoplights came from because somebody got into a wreck, cost people their lives.
Okay, crypto right now is at $53,000, right?
Crypto right now is at $53,000.
What's more likely?
Crypto going to a million or crypto going to $10,000?
Good one.
I'm the optimist.
I'm going to a million.
A million.
Wait a minute.
You think $10,000?
Could it come back to $10,000 on a sell spike, a spike of selling momentum that drives the price down?
Sure, it could.
But the limited supply of crypto is like a limited supply of real estate in Malibu.
The way that works, that limited supply ensures scarcity.
So I think there is actually, yeah, could it touch 10 grand on a trading blip where he had so many people trading on a certain day?
Sure.
But I think long term, it's more likely that it continues to trend to a million.
Very, very interesting.
By the way, if you like the exchange and the ideas we had on the Bitcoin side, hit that subscribe button and the notification button.
Even if you think you're subscribed, believe me, many of you are not.
This is not value attainment.
This is PVD podcast.
Click on that subscribe button.
Next topic to get into is Biden's press conference.
Did you guys have a chance to listen to Biden's press conference?
Some of it.
I confess I didn't dive in deep.
So, you know, from what you heard, you know, the topics that they had, you know, I'll go to page six.
A part of it was his re-election.
I watched the whole thing, and it was pretty interesting seeing what was said because there was one side that they said he was horrible.
And there was one side that said this is the greatest of maybe the goat of president from what he did.
So Biden intends to run for re-election.
President Biden, the oldest person to be sworn into office, 78 years old, said he intends to run for reelection.
Asked the Vice President Kamala Harris would be on the ticket.
He said, I would fully expect that to be the case.
She's doing a great job.
She's a great partner.
Biden said, former President Donald Trump has filed for re-election early in his presidency, had filed for re-election, not has filed for re-election, had filed for re-election early in his presidency because he needed to.
Biden also said, oh, God, I miss him with a laugh.
Asked if he expected to run against Donald Trump, who was 74 years old.
Biden said, oh, come on.
I don't even think about that.
I have no idea.
Biden then blamed Trump for all the border issues, which he got into pretty aggressively.
I think most the COVID topic lasted two minutes of the entire thing, meaning media is not even worried about the COVID situation.
You have to know that media only asks whatever area you have problems with.
So if the media didn't ask any questions about COVID, that means they're over it.
Listen, it's good.
We're going back $100 million, $200 million.
But they spend a lot of time on immigration.
Under pressure over the flow of immigrants, migrants of the southern border, Biden took aim at his predecessor saying that the President Trump eliminated funding and resources for the border.
Biden said, what we're doing now is attempting to rebuild.
We're building up the capacity that should have been maintained and built upon, and Trump dismantled it.
It's going to take time.
Unaccompanied minors are crossing illegally each day in record numbers with total crossing this year on pace to hit a two-decade high.
Facing growing bipartisan pressure, the administration is ramping up its diplomatic efforts and racing to find more shelter space to house children as it tries to tackle surge of asylum seekers without adopting the aggressive deterrence strategies of previous administrations.
So, you know, a couple things were asked, which was interesting.
He said, we're about to put 5,000 beds in Fort Bliss for people, the migrant kids that are coming here, people that are coming here from Texas.
And then a question was asked by two ladies.
One lady says, look, you know, your campaign was around how noble of a man you are and how amazing of a man you are.
And do you think more immigrants are coming to America because they're seeing you be more reasonable?
And so they're wanting to come to America versus when Trump was here, they felt like they're going to send their kids back.
So they didn't send their kids.
Do you see a spike in more parents wanting to send their kids here because you're not sending them back?
Okay.
And his response was interesting.
He said, he said, no, I don't see any difference there.
He says, and if it was because I'm nice, I don't think people are sending their kids more here because I'm nice.
This is an issue that's been going on for quite some time and it's not something that I have any issues with.
Then another lady asked a question, said, a lady from Honduras sent her a son, nine-year-old son, to come and cross the border because she felt you, again, wouldn't send him back.
You would let him come to America.
And that message is coming across where more parents are taking their savings and they're giving to a coyote to bring the kids to America.
And he says, no, that's not the case either.
You know, if they do come, we're going to do our best.
And another person asked and said, well, how come we can't see anything?
Can we see what's going on and what's the plan down there?
He says, I don't intend to go down there myself because I don't want the attention to be taken off what the people are doing.
I don't want to go there with Secret Service, which, you know, Trump would have been there in a heartbeat.
And so would have Obama.
So what have other people would have been there in a heartbeat?
And he says, I'm not intending on going out there.
I'm going to send my troops, my people, to go out there and see what's going on and come back.
Ted Cruz gets on and he gives a speech.
says, never has there been a president, not Obama, not Trump, not Clinton, not Bush, who didn't allow media to go to the borders to see how these kids are being treated.
There's a big spread of COVID right now going on.
So Biden's using that as a way of saying, well, we don't want people to go out there because there's a big outbreak.
We don't want a lot of the media to get COVID.
So we're trying to protect you.
Anyways, there was a lot of different things that was talked about, but they were hitting him very strongly on the immigration part.
Tom, do you have any thoughts on how immigration is being, you know, the border is being handled right now with Biden versus how it was handled prior to him with Trump?
Yeah, I think it's early in his presidency.
His policies haven't really been fully implemented.
And the last thing he wants is a board media down there finding an angle.
And I don't think there's much change that's gone down on there.
You know, there hasn't been time to.
And so he doesn't want the media to go down there because now any kids, remember the terrible thing?
We would see kids in basically not little small detention apartments or holding things, but they look like cages.
It was terrible.
It was terrible.
And it started under previous president.
I don't think he wants anybody down there taking pictures because this is now his problem.
You're the president.
So even if you didn't start it, it becomes your problem and you got to fix it.
You got to finish it.
Oh, that's what the sound is.
This entire time I've been thinking it's the mic.
It's the way Tom's speaking.
That's what you're doing.
I'm calling these guys out there like I'm telling you, it's not the mic.
It's Tom.
Okay.
All right.
So I'm relieved, Tom.
Thank you for that.
That two-second F kind of.
Think of a distraction.
So we'll go back to what I said.
I don't think Biden wants him down there taking pictures and doing things because now he's the president.
So he has to bring the solution.
They'll put it on him.
That's not what he wants.
What do you think about it, Matt?
You know, from the perspective of my friend Craig Sawman Sawyer, he's a former Navy SEAL.
He's there at the border all day.
He's seen a huge spike in people jumping aboard, a huge spike.
And sadly, a huge, since his big thing too is also preventing human trafficking, huge spike in human trafficking too as well.
So it's more now than it was during when Trump was controlling the border.
100%.
He's saying it's more now than it was when Trump was.
Why do you think that is?
Well, there's a lot of factors going to it.
And again, again, from my perspective of what my family had to do to get here from the Philippines, it was a recruitment into the nursing program for my mother to get here to say, I'm going to be a nurse to be recruited into the United States.
And then our other family members, there's a five-year waiting period, 10-year waiting period for them to get here to the United States from the Philippines versus people just come here to the border because of these loosened policies to say, hey, we just come here.
We'll campaign.
We'll get across.
We'll get across and find a way to get in here.
Kind of bully the way and kick down the gate, kick down the door.
I don't know why it's getting to that point, but it's a huge influx of that from a practicality standpoint.
Which would become Biden's problem because now he's the guy in the chair.
Blame your predecessor, blame whoever you want, but now you're the guy in chair.
You got to fix it, right?
Yep.
You know, again, this is not going to go away.
Meaning, I don't think even the liberal media is going to let him go with this without holding him accountable to it.
Because there are a lot of people in the liberal media who are Latinos and Latinas who are going to want to be seeing what's going on because their loyalty is to their community.
And if they don't ask those questions about what's going on with their community, their own people are going to be like, how come you're not holding the president accountable?
I think it's a great point.
I think it's a great point.
What do you think it took so long?
I'm sorry, Tom.
No, I think that the media is not in lockstep with Biden.
They really wanted him elected, but they're not in lockstep with him.
There's a civil war inside.
You don't think so?
No way.
I think there's a civil war inside the Democratic Party with Bernie over here.
And I also think there's a civil war that's going on inside the media between the people that are being told to be lapdogs and be nice and the people that have got strong viewpoints and they want to see change, such as I have deep respect for people of Hispanic descent that are in the media.
They're speaking up and want to see change and want to see great benefits come to these issues and don't just want to be a lapdog on a political party basis.
I have deep respect for them and they're going to speak up and they're going to make the stories out of it.
What do you think it took Biden this long to get an official press conference?
You know, you know the whole thing with he doesn't know how to handle himself in public when they ask him questions.
There was a couple times where you kind of like, that was very weird.
He was going and he's like, yeah, so here's, am I talking too much?
And then the lady helped him.
So let me just ask my second question.
Yeah, okay.
Okay.
Go ahead.
Go ahead.
So that was a little awkward.
I don't know if you guys caught that or not.
Very, very awkward.
Another part was.
Do I need to go into more detail?
Okay, I'll just stop right there.
Yeah, let's just stop right there.
Yeah, that was a little awkward.
And then there was another part where he was going off the, like one time he just read what was on the card.
He just went like this.
He's like, so what I think we need to do is, and he looked down for 30 seconds just reading the card to answer the question.
Okay.
But then there was another part where he went speaking for 10 minutes and it wasn't based off of a card.
I was like, that seemed reasonable, what he just said right there.
I actually was tracking with him and he was given stats and data and numbers.
And here's what happened here.
So I don't think he is where most people think he is.
I don't think he is where most people think he is, where he is, you know, what's the word they use where, you know, he can't remember.
Coherent.
Not coherent is another word, but.
Cogent and lucid.
Yeah.
So I don't know if it's those words.
That's a level above me with words, but I would say at a point where he can process issues and communicate with people.
Now, why do I think he's not done a press conference for a while?
You know, I just don't.
It's like, why does somebody play defense and make a player go left?
Because they don't do well going left, right?
You don't do well dribbling to the left.
So you as the offensive player have to figure out a way to get what?
To the area of strength, which is to the right.
His strength is not public speaking at all.
Joe Biden, I don't know how many trophies he won public speaking.
It's not his strength.
It's definitely not.
So if that's not the case, you just have to have other people doing the talking for him and it not being him.
That's my thoughts.
PBJ, a question for you on this.
Tell me.
Buried in the middle of all this was the announcement that Kamala Harris, our vice president, is going to lead the immigration effort.
She's going to lead the border investigation.
And there's a lot of voices out there that said that she wasn't selected to be vice president.
He ended up with her at vice president, that the whole mechanism and the whole.
Say that one more time.
He was what?
She was not supposed to?
She was not selected by him to be vice president.
He ended up with her at vice president because the whole Democrat Party apparatus was like, hey, we got to have a woman.
We need a woman of color.
There's a lot of good reasons for that.
Sure.
So that every little girl in America could look up and say, hey, look, I can become vice president.
I can do that.
That's very, very positive.
But there are forces out there to say, hey, you know, Biden ended up with her.
He didn't necessarily want her.
And the best place to her, there's now voices saying, hey, is she being set up to fail?
Did you hear some of this yesterday?
What do you think?
Sending it being set up with the appointments that she was.
Yeah, there's Democrat voices that are saying, hey, she shouldn't be in charge of immigration.
Like, this is a leadership issue.
You should.
Is she being set up to fail?
I don't think she's being set up to fail.
I just think she was selected by others.
I don't think she was selected by Biden.
I agree with you there.
Let me ask you.
Do you think Obama picked Biden?
Let me ask the question a different way.
Let me ask the question this way.
Here's a better way of asking the question.
What percentage of Obama picking Biden was him?
So you can say, I think it's 70, 30 Obama or 50, 50 Obama, 50% of DNC, okay?
Well, I was a freshman senator, but I remember meeting Joe.
Good guy, friendly guy, effective in the Senate, long tenure, and it was about 62.5% my decision.
So you're going to say majority was Obama's decision?
I think the majority was Obama's decision, but he was heavily influenced because he was walking into a room he'd never been before.
This is a freshman senator.
I think, okay, let's say 62% is what you're saying.
What would you say?
I was going to say 75-25%.
Oh, so you think it's him picking Biden?
No.
The other way.
The party's paying it.
How about you go to Trump?
Do you think he picked Pence or do you think somebody else picked Pence for him?
I think somebody else picked Pence for him.
What do you think is a percentage with him and Pence?
I would say the same percentage because who can really be the parent in the room when it came to Trump?
Okay, what do you think, Tom?
Pence?
I think Pence was a safe vanilla choice.
He got a lot of help doing, but I don't think anybody tells Donald Trump what to do.
So, okay, so you're saying 90% Trump, 10%, whoever told him that these are the options.
Okay, Donald, I'm not sure.
I can see that.
You need an Ohio.
You need an Ohio-Indiana guy to balance it off.
You're a New Yorker.
Let's get an Ohio-Indiana Midwest guy, appealing to the Protestant.
Great choice, by the way, if you think about it.
Christian guy, not a lot of controversy.
Let's see if you can go with that, Donald.
All right, let me think about that.
Okay, did Bush pick his VP?
George W?
George W. What percent?
I think the Bush political family was well established, and I don't think they needed help from the Republican Party, and I think they picked Dick Cheney for a lot of reasons.
Do you think he picked it or the family picked Dick Cheney?
I think he got a lot of help from Papa.
So what percentage was Bush?
I think Bush was probably about 25%.
So it's probably his dad.
Okay, so Clinton picking Gore.
Who picked them?
What percentage is Bill Clinton picking Gore?
I think the same thing.
I think the Democrat Party said, hey, you're Southern.
This guy's a good senator.
He's got more experience than you do.
You're just a governor.
Remember, he was just a governor.
You get a guy from Washington.
From Arkansas.
So you took this neutral Tennessee guy that didn't have a lot of controversy, Gore didn't.
Remember?
I don't think in those positions, anybody, regardless of what party, I don't think the presidential candidate has much of a selection of who the one is the vice president.
I think some is more than others.
I think some is more than, I fully believe some is more than others.
Like, I fully believe a, you know, what do you call it?
A Reagan is a guy that went in saying, hey, here's kind of who I like to be my guy.
And he was given feedback by James Baker with his options.
And they sit there and they process it.
And then he says, here's who I'm picking.
Okay, great.
So, and there's a lot of negotiation on picking as well.
Like when Kennedy picked Lyndon Johnson, it was all strategy because Lyndon Johnson hated Kennedy.
So Kennedy wanted to get rid of one of his biggest enemies, his number one enemy, which is who?
And the fastest way to turn an enemy into an ally is to what?
Hey, will you be my VP?
And he says, I really don't want to be your VP, man.
You know, hell with you.
I should be the president.
You should even consider being my VP, but I get it.
Let's make this work.
And he needed Texas, so the electoral vote math was there.
Remember, that thing was close.
Yeah, so here's the magical question.
What percentage of Biden was him picking Kamala?
20%.
I disagree.
I totally disagree.
0%?
What do you think it was on the 20th?
I think it's the party.
I think it's 0% Biden picking Kamala.
And the reason why it's 0% is because Biden didn't win the election.
The party did.
Correct.
Biden didn't win the election.
Trump won the election.
Bill Clinton won the election, if you think about that.
Bush, the party, won the election.
I don't know if I'm making sense here.
You're right.
So the police campaign.
Yeah, Clinton was a beast, right?
Yeah.
I also think Obama had a lot of same pick in Biden because Obama won the election.
When Obama ran for office, don't forget everybody was banking on who?
Hillary to win.
Okay, they weren't saying Obama's going to win.
It was like Hillary's going to win.
So Obama won that election.
So whoever wins the election, I feel, has more of a say on who becomes their VP than the party.
Versus whoever, whatever party wins it and they choose the candidate, the party chooses who's going to be your VP.
I think Biden was 0% him choosing Kamala.
Biden was just told, Kamala's your VP.
What do you think the percentage of somebody picking a VP just to get over the finish line or versus somebody that would be good fit for them for the four years?
Okay, so if you go back and think about who the VP candidates were for Biden, who were some of the ones that were good candidates?
It was the Roman Commission.
Do you remember the names?
Rice, exactly.
Who else?
Kamala Harris, obviously.
Okay.
If you have a choice between Susan Rice and Kamala Harris, who do you go with?
Are you 50-50?
Yeah, I'm probably 50-50 because I'm not really a big fan of either one of them.
You know, Minnesota would have been a great choice.
Minnesota would have been a great choice.
BlaBuchar?
Okay.
Yeah.
Minnesota or Michigan?
No, Minnesota.
Oh, Minnesota.
Oh, I'm sorry.
I thought you said the Tulsi would have been an amazing choice.
They would have never picked Tulsi.
Because Tulsi says what's on her mind.
They wouldn't have.
You're asking me.
As an American, I would look there and saying, you know, veteran leading a state, even though it's Hawaii.
I would have admired that choice.
Yeah.
So to go back to it, when you're asking a question about Kamala Harris, did you hear about what Kamala Harris did yesterday, like working on women and women empowerment?
You know who she reached out to for advice?
Who's that?
Bill Clinton.
Wow.
What?
Is that confusing or what?
Am I the only one that's...
Have you guys seen this or no?
Can you pull up Kamala Harris, ask Bill Clinton for advice, and the media flipped out?
Like, she's just put Bill Clinton.
Watch this here.
Watch this here.
Kamala Harris and Bill Clinton touting girl empowerment.
Okay, can you like that just makes no sense?
By the way, Kamala Harris and Bill Clinton touting girls' empowerment together is a bad joke.
Which news news news, baby?
Which news?
By the way, this is NBC.
Correcto.
Why can't the Democratic Party quit the former president?
If the party is truly going to welcome women, it has to get rid of the political milestone around its neck.
Millstone, millstone.
Millstone around this neck.
So I just don't understand why it's just so confusing.
Does that look good for the party, by the way?
No.
Frankly, I'm glad that any woman calls me anymore.
Closing in on AD here.
Of course, I had to put that video in there.
But the Clinton affair.
Oh, by the way, this is NBC putting this out there.
This is not like anybody else putting this out there, right?
This isn't Drudge or Fox here.
No.
No, that's NBC News.
Can we see what the CNN said about the headline here?
Go to different headlines.
Just go back.
What CNN would say?
So what did Fox News say?
Okay, President of John.
Okay, no, go back.
Go back.
Fox is going to say.
Just go back to where you were before.
Kamala Harris to hold discussion with Bill Clinton on empowering women and growth.
Okay, Fox News is actually very neutral.
NBC News took the shot.
This is a bad joke.
Market watch, Kamala Harris and Bill Clinton are holding a talk about women empowerment.
Can you kind of go to what the rest of the line is?
Q Biden.
Oh, they don't even have it here.
How funny is that?
Everything we put in the search doesn't come down in the news.
None of it matches the news.
Did you see that?
Go back and do that again?
Yeah, no, no.
What does that have to do with what we search?
Interesting.
Wait, wait, I'm confused here.
We have to search.
Kamala Harris asks Bill Clinton for advice.
We click on news.
None of the links that come up is about what you searched on Google.
The Google algorithm doesn't seem to want America to see the Clinton story, do they?
Go back up.
Go back up to all.
Okay, I guess.
Now try.
Okay.
Use the same exact, copy-paste exactly what you have and go to Yahoo.
It's kind of interesting.
These search engines are.
I'm curious.
Let's see what they say here.
Just copy-paste.
Okay.
VP Slater 101 with Bill Clinton, The Blaze.
Okay, so The Blaze is at the top.
Fair enough.
They put the Blaze at the top.
Go to Washington Examiner.
Rose McGowan asks if Kamala Harris has a soul.
Wow.
Do you even have a soul soul?
Click on that.
Actress and feminist.
Rose McGowan asks a colleague after agreeing to obscene event with Bill Clinton on empowering women.
Wow.
That's not good, guys.
These are all the people that defended Clinton, wanting to keep him there because he was their guy.
Well, no, Rose McGowan, if you know who she is, she's, this is obscene, Kamala Harris.
You speaking with Bill Clinton about empowering women and girls is disgusting.
Have you no soul?
Have you no ethics?
Ask him about being on an island of human trafficking victims 27 times.
You were showing us exactly who you are.
Go back.
Go back and let's see what other sites will see.
You know, as I analyze that from Rose McGowan, I have a small sense that's kind of growing on me that she's upset.
Go a little lower.
Go a little lower.
Okay.
DavidIke.com came up.
Well, you've got to be kidding me.
What the hell was he doing?
Look at that shit.
All right.
So, you know, so I don't know.
The question I would have is, who the hell is advising them right now?
That's what I'm asking.
So you have a meeting and you say, I'm thinking about putting a girl empowerment meeting together.
Oh, you should call Bill Clinton.
Exactly.
By the way, do you remember?
Do you know how the media knows this?
The media knows this because every day, you know, there are agendas that are put out for the POTUS.
What's POTUS doing today?
And the media is given agenda.
He will be here going here.
And then there's things they leave up the agenda and they get criticized because there is a billion-dollar donor that was at the White House during that half hour.
You know what I'm talking about, Matt?
So now the Vice President of the United States agenda had that on it.
The only way they find out about this is either Clinton leaks it or it was already on the activity agenda that's given to the media so they can cover the president and vice president.
It's common sense.
So it means that, to your point, who's advising them?
There's also somebody in there.
Yeah, yeah, well, we'll put the Clinton thing on there.
What's the worst that could happen?
If there's any criticism.
If she wanted a private conversation with Bill Clinton, could she have it?
Private meaning just make a phone call and nobody knows you're talking to her.
Correct.
Absolutely.
Sure.
So wait, you're saying somebody set him up is what you're saying.
No, no, no.
I'm saying that her team, you're asking who's advising.
And I'm like, that instinct I think is absolutely correct here.
Because her daily agenda that's released to the media, if I was her advisor, I would say, you know, you shouldn't put that phone call on there.
Have a private phone call, get political advice from him on how to manage these situations.
But for the love of God, I mean, but what advice could you give her?
What advice could he really give her?
So spin it.
Actually, thank you, Kamala, and spin it.
Spin it.
I'm a media mask.
And I'm not saying be funny about it.
I'm not being comical.
I'm actually saying spin it.
Spin it and say, hey, Vice President Kamala Harris, out of all the people you could have chosen to speak to about a matter of women empowerment, you have Oprah Winfrey.
You have Michelle Obama.
You have Hillary Clinton.
You have Susan Rice.
You have a number of women to go to.
You have daughters?
Yeah.
Vice President Kamala Harris.
Why President Bill Clinton with the reputation that he has?
I don't know how to spin it because I don't know why with that list you just made, he would be number 87 on my political advice list.
1,000,087.
But how do you actually try to spin that one?
How do you spend that one?
I think it was just incredibly bad judgment.
Tom, that can't, I don't buy that.
I don't buy that because I have a hard time buying that.
I have a hard time buying.
Well, he is a shrewd politician and very smart strategically, politically, but still, the consequence is this that we just saw.
NBC sub-headline, what the hell was she thinking?
That's confusing to me, if you ask me.
All right, let's go through some of the folks here that have been commenting, and I've not come to you.
I'm going to come to you right now.
I'm freaking befuddled.
Yeah, this is just entertaining for me when I'm hearing this.
I'm trying to figure this out, and that doesn't make any sense to me.
Okay.
I'm just checking heat, and I'm getting pissed off about it.
Okay.
The MS Miss Maroon, $50.
She said, I've been working from home since last April and feel much more productive and the stress of being stuck in traffic is no longer there.
The traffic in Toronto is horrible.
By the way, great feedback.
Okay.
So traffic, I don't disagree with her on.
So to her, the value is the traffic creates stress.
I want to go and work from home and be productive.
Fine.
The question then becomes, Miss Maroon, would it be a fair assessment to assume that you're a teacher?
If no, please let us know.
I'm curious what your occupation is on working from home or not working from home.
This year, Oradel Noel Zenetraman said every Bitcoin transaction is already tracked and traceable.
It's going to be about control equals tax manipulation, et cetera.
Okay, by the way, that sniff, it's about to lead to the parody with our friend, a guy that did the parody.
We're going to watch it together.
I told him I'm going to watch it.
It's going to be a reaction.
I have not yet seen it.
You saw it yesterday.
Have you seen it yet or you haven't seen the entire thing?
He's good.
I saw part of the parody.
You're blaming me for the funny sound.
No, but I do sniffing myself.
That's right.
You're sniffing.
Tom, I'm not blaming you for the funny sound.
No one makes more funny sound than me.
I mean, I got a parody about me sniffing.
I was thinking the system was broken.
I'm chewing these guys out, texting them.
But okay, all right, let's go through it.
I understand you're the source of sound.
But now you've shared hotel rooms over 20 years.
Tom, don't make me go there with your source of sounds.
If we go to the source of sounds, it's going to be a bad day for you, buddy.
2 a.m. I thought there was a truck.
It's going to be a good idea.
It's going to be a bad day for you.
Okay.
All right.
The more they try to go against Bitcoin, the more they legitimize its use case.
It's a win for Bitcoin and cryptos no matter what.
Okay.
Then we have Smart Training 360.65 Biomechanics gave $20.
I've been trying to contact you for weeks.
Your support team is very helpful, but I need to speak with you directly.
I need one minute of your time.
I have a suggestion of a business proposition.
It's worth it, David.
One minute.
Here's what I suggest you do.
Why don't you make a video for one minute?
Send it to me.
If it makes sense, I'll call you.
Just so you get, this makes sense to you.
I get hundreds of emails every day, and quite frankly, it's challenging for me to do that.
But make your one-minute video.
I'll commit to watching your one-minute video.
If it makes sense, I'll get back to you.
And Anne, can I add something there?
And, sir, go find the Guy Kawasaki 10-page business plan, exactly 10-page.
Summarize it and send it with your one-minute video.
There we go.
Okay, so then we have Good Mother give another $10.
She said, Biden administration said they won't turn away children, parents now enticed to traffic their kids.
Not good.
Who is going to take care of these kids?
Very good point because these kids are coming with a number there.
You're calling the number.
The number is not necessarily going to the parents.
It's going to the trafficker.
And they're sitting there, the coyote, and they're sitting there saying, who do we call?
How do we get a hold of the parents?
They don't know how to get a hold of the parents.
And they don't necessarily know how to handle many of these things over there.
Then last but not least, PBD, $10 from Mr. Clean Bald Guy.
What a phenomenal name, Mr. Clean Bald Guy.
PBD, do you think they couldn't give Biden some sort of a drug to just kind of give him a boost for an hour when he visits a like a local plant, parents' teacher conference has more energy in the room.
So let me talk to this guy here.
I got something to tell you, Mr. Cleanball guy.
And I hope you take this feedback I give you in the best possible way.
And if it makes sense, great.
If you don't like it, you can say whatever you want.
I will take it as well and receive it because I'm giving it to you.
I had a call with one of my very close friends, let's call this person, that means a lot to me.
And I spoke to this individual.
And one minute is the vaccine conspiracy theory.
Another minute was what they're doing.
This.
Another minute was another conspiracy theory.
Another minute was another conspiracy.
30 minutes, I heard 10 different conspiracy theories.
And I paused this person.
I said, can I ask you a question?
He said, what?
I said, you know, all the stuff you said, I've read about.
Okay.
Where are you going with this?
I said, I've read about all these conspiracy theories as well.
I said, when you read about all these conspiracy theories and you know, you go down the rabbit hole, yeah, what about it?
How long do you get stuck in that rabbit hole?
A long time.
Oh, a long time.
You know, a long time.
One hour, two hours.
That's okay.
Is it really only one hour?
Or is it a week, a month, a year, two years?
What does it do to you?
Then, here's my other question for you.
Are you more tolerable to be around?
Are you more paranoid?
Are you more, you know, annoying yourself because your brain cannot stop working.
You lack sleep.
You have anxiety, you have panic, all this other stuff.
Yeah, I do have all of that.
I said, then maybe you read the conspiracy theories that you're reading, but if you can't go, if you're not willing to commit your life to fixing that conspiracy theory, then go live your life.
I don't know if this makes sense or not.
Look, all of these conspiracy theories you read about, they're so entertaining.
Tom, you okay?
You got to use a restaurant?
Nature's.
It's a first.
It's a first.
Put the camera.
Put the camera right here.
This is a first week.
We got to get Tom.
By the way.
Hey, Brooker.
Brooker, his daughter.
If you're listening, I think your daddy needs the pens for the last episode.
Here's what just happened right now.
The joke was that only Adam would do this.
Only Adam would do this.
But that empty chair is our buddy BizDoc, Thomas Ellsworth, one of the greatest human beings I know in my life, had to go on a bio break.
So what we need to do is we need to put a checklist moving forward before we start.
Use the bathroom, has to be added to the checklist.
Okay, just think about it.
He what?
Hey, by the way, if you've been mentored by Patrick B. David, you already know.
If you've been doing this for years, you already got the golden bladder.
We built muscles there.
We built muscles there ourselves is what we do.
You know, to be mentored by PBD, you got to hold it down.
By the way, what the hell were we talking about?
What were we talking about prior to this?
It's a conspiracy.
Conspiracy theory.
But let me go through with the conspiracy theory deal.
This is very important.
And a lot of people have to really consider this for themselves.
If you, you have a hard time staying focused right now.
If you are willing to do something about it, go for it.
Meaning, so you know how, hey, I'm going to go fix human trafficking because I've read every single article on it and I'm going to go out there myself and I'm going to go contribute.
Perfect.
Go.
Read every single one of them.
More power to you.
But if you're somebody that reads one, oh my gosh, you're doing this.
Oh my gosh, you're doing this.
Oh my gosh, you're doing this.
And you go too much down the rabbit hole without the ability to want to make an impact.
It's just, it's consuming your life and it's not making you productive.
You may want to minimize the amount of time you give and credence you give to a lot of conspiracy theories you read.
Don't go too deep into it.
Some people are going to say, that's how you hold people accountable.
This is why people get away because somebody like you says a comment like this.
I didn't tell you I don't, I look away.
I didn't tell you I sit there and I say we shouldn't do something.
I didn't tell you any of that stuff.
All I'm saying is, some people, it ruins their lives, their marriage, their relationship, the way they do business, the way they parent.
I can't see, I can't tell you how many people I've seen go down the rabbit hole of conspiracy theories, actually ruin their lives.
Yeah, absolutely.
If you're not willing to commit to fixing an issue, you're not willing to campaign against it, raise awareness, but if you are there just like a pinball in a pinball machine and you're getting smacked everywhere, it's a rough place to be playing defense your entire life.
You feel better, Tom?
I feel much better.
Tom's back in the studio.
No, yeah, this is a real company.
You're giving me a bottle that I can pee in under the table.
Just like lemon lime.
No, no, just like Amazon.
They give those empty Coke bottles to all their drivers so they can pee in them while they're being serious.
Yeah, yeah.
I mean, Tom, sorry, by the way, you officially took the entire part that was given to Adam away from him.
So, Adam, if you're listening to this, you are no longer the guy that we joked about first podcast coming late because you were using a bathroom.
That officially has been given to Tom moving forward.
Okay, so we've covered a lot now.
I'm so sorry.
Why don't we do this?
Why don't we do this?
So, I get a message.
I get a message from a guy saying, Hey, did you see this guy that did the parody of you?
I said, What are you talking about?
What parody?
Listen, I've seen a lot of parodies.
They've done a lot of parodies of me.
They make fun of the accent.
They make fun of my look, all this stuff.
But I actually thought this guy did a great job when the reaction I get from Kai comes up to me.
He says, Hey, Pat, he said this, and he shows me the first 15 seconds.
I said, Stop, stop it right now.
I said, I like the stuff he's doing.
I want to watch the whole thing.
Let's do reaction video response to him.
So, this is my first time watching it.
I've only seen the first 15, 20 seconds.
Can we watch it and pause or do we want to watch it?
What do you want to do?
You want to go through it or you want to pause it?
I actually want to pause it a couple times.
Kai, what do you think?
I think we can pause it.
Okay, then go through it.
Let's see what he says here.
Go ahead and we'll comment on it.
And we're off.
Okay, you need audio for it to work, Kai.
Okay, first of all, you're always clean with your suits.
I don't know why his collar's untied.
We'll see what he's doing here.
We'll see.
Most people only see the final product of being the successes, break cars, the Honda CR-V.
All this CRV.
Is the hardships, the long years of struggle, the rejection, the knocking on doors and being held on guard?
He's got a gun.
Let me explain.
Stop explaining things.
Get out of my face, man.
Okay, but say something.
Cut it out.
Actually explain it.
You go set up for the next mafia interview.
You were actually in the next mafia interview.
You're a real maid, man.
Have you seen Goodfellas?
Because I freaking love that movie.
Do you love that movie?
There are rules to the game, right?
Because money is.
One of the rules is seduction.
You got to subdue some money.
You got to give him credit, though.
He studied you.
I like to go back to parties when I was a young man.
Listen to me.
I could party anybody.
When I was a young man, we were ordering the bottles.
A lot of people asked me, Joe Patrick, how do you double your money?
How do you make that happen?
And I said, let me ask you a question.
And they say, Patrick, he's missing the goat chain, though.
Tag your it.
Now you need what you're doing.
By the way, go back.
This is so funny.
The way he's doing how I explained the interaction.
Go back and give you a second, this guy.
When I was a young man, we were ordering the bottles.
A lot of people ask me, Joe Patrick, how do you double your money?
How do you make that?
He's got the accent.
Let me ask you the question.
And they say, well, Patrick, I asked you a question first.
And I said, you know, tag your it.
Now what are you going to do?
And so they say, well, fine, if you're going to force me to get it.
Why does he have your hair all messy?
I guess I'll do it.
I say, good.
That's good to hear.
So basically, you got one guy making $250K.
He's making a quarter of a million dollars a year.
He's spending how much?
$280.
Stephen, step right there.
Stephen, go back.
Go back to the hand.
Go back to the head.
Go back to the head.
He's making a quarter of a million dollars a year.
He's cooling.
Get ready to pause it, Kai.
Boom!
Right there.
SP Ready.
Let's be ready.
Matt, Matt, we're going to talk about something.
Matt, no, hang on.
Hang on.
I was asking you.
That's it right there.
Keep going, buddy.
Siri, what's 24 times 36?
The answer is 864.
See?
See, that's why college is becoming obsolete.
I saw my wife down the other day: look, baby, we are committed for life.
The court has to do.
So there's nothing we can do to come out of it because there's no way you're getting half.
Seven things together.
Do we get time with right?
One is marriage.
Take your time with marriage.
So I told my wife, listen, baby, we gotta keep looking good.
We have to keep looking good.
Because.
Oh, here we go.
The sniffs.
Here we go.
The sniffs.
I'm just letting my enemies know that I'm a competitor, you know?
When you inhale, you need people to know.
It's supposed to startle you.
Sharp inhale through the nose.
The sniff.
You see it in the animal kingdom all the time.
The king gorilla will just kick her up.
And I'm like, oh my god, what is wrong with him?
Let's just talk about that.
You worry about your game and executing on your plan.
No, there are actually six areas I want to discuss with you on this life that you've lived.
First, the story, you know, the story of being a good fella.
I was thinking maybe you and I, we go in and we make a new one called Great Fellows.
What do you think?
You know, painted to be in the movies, of course.
You know, I'm very lucky that I got out alive.
So you're being a bit of a sissy right now.
You're nothing.
And let me explain to you.
Let me explain to you what I mean.
You're a sissy.
He's about to try the board.
So basically, you need to ask yourself, who is afraid?
Who is literally terrified for their health, for their lives, for the family?
And then how can I make money off of this person?
You might think that I found like a sniffer.
Come on.
Let me explain to you what I mean.
Oh, you think I'm funny?
No, I never said that.
Like, funny how?
Funny like a clown?
Please don't get into this.
Gangster life is not real.
You got an income problem, Thomas, and that's why you work.
Thomas?
Do you love peanut butter?
Friendly.
What happened, Kai?
A big thank you to Magic Spoon for sponsoring this video.
What is this Magic Spoon story?
It is a spoon.
Oh, really?
Okay.
Is it Canadian?
All right.
So good for him, by the way.
Nailed it.
No, I like what he did.
And his name is what?
Sinbad?
What's his name?
Captain Sinbad.
Captain Sinbad.
Great job.
Good for you.
Watches Value Tainment once.
Watches Value Tainment once and does this.
So there you go.
I commented.
I said, I haven't seen it yet, but a reaction will be coming soon, PBD.
Here's a reaction video.
So you got it.
Funny.
By the way, you know, last night we were at the house and you guys are sitting there watching this cracking up.
And this is your second time watching this.
But last night we were watching.
Adam watched John Mason's reaction video from years ago.
Have you seen that one?
John Mason did a good one.
I've seen many of them.
Nine years ago?
Yeah, he was hilarious when he did that as well.
John can do me better than I can do me, is how good he is with it.
Okay, all good.
Well, Sinbad, you're hilarious.
I just realized every time moving forward I sniff, I want to be thinking about you.
Just so you know, we have a relationship for the rest of our lives with this sniffing situation.
Okay.
Let's see what we got here to go through.
Okay, boom, boom, boom.
Okay, let's talk about Suez Canal.
I think that's a very important issue to cover here.
So enormous container ship got stuck in the Suez Canal, blocking one of the world's most vital shipping routes, okay?
A massive cargo ship.
Just to kind of put in perspective how big this thing is, bigger than the Eiffel Tower, bigger than the Statue of Liberty, bigger than the Empire Empire State Building.
That's how big this thing is.
A quarter mile long container.
That is ridiculous how big this thing was.
Quarter mile.
So I just on Business Insider, for every hour, it's estimated that it's costing $400 million per hour.
Per hour is costing $400 million.
So if you're wondering how a ship that weighs 220,000 tons and is the size of an Empire State Building ended up sideways canal, officials say high winds from a sandstorm restricted visibility around the time the ship got stuck.
The location on the ground, it couldn't have been worse.
The Suez Canal is vital, but narrow link in many global supply chains and delays there reverberate around the world.
Around 10% of worldwide shipping traffic flows through its narrow waters, including roughly 5% of global traded crude oil.
No one is shocked this happened.
The Suez Canal is only 300 feet wide.
Shipping companies usually factor in extra days to their schedules to account for any unexpected delays.
But if it ever, if the ever-given clogs the canal for longer than that, prices of stranded cargo from crude oil to consumer good could be affected.
Tom, what do you think about this?
I think we've got an outdated canal there.
Nobody wants to pay to make any bigger, and I think it's just really, really unfortunate.
You know, there's nothing controversial I see about this other than, man, this canal was built when, you know, and it's never been significantly.
So, okay, so, but there's a comment there.
If that's what you're saying, what you're saying is the world ought to come together, put a budget to fix the canal.
If the world can come together and put a budget to fix the canal, that doesn't become a one person.
Whoever participates and benefits from it, why don't we reinvest in it?
Is that kind of what you're saying?
Yeah, you know, you take a look at the Panama Canal and the Suez Canal.
Just take a map of the globe and say, you need those two.
You need those two points to get stuff shipped from here to here.
I think there would be an issue with that, though, because there's a toll they pay for going through the canals.
At that point, I'd say, if I'm a captain, just we're paying you to go through this.
We're paying you to use this road.
Why don't you fix it?
That's your problem.
It's the toll roads in New England suck.
They're all full of potholes.
All those tolls just go to the state.
To your point, it should be used for maintenance and improvement, but we have a lot of examples on toll roads around the world that don't three to five million barrels of oil per day are held back, so that's going to spike up gas prices.
Yeah, carrying jet fuel and gasoline oil is a gasoline.
Here's a global map.
All the ships on the ocean.
Wow.
There's this.
Where's the Suez Canal?
And we'll go to the Suez Canal right here.
Egypt.
I think the white, I think it's, they were saying it was like 300 feet wide at one point.
You got to be kidding me.
Yep.
So it's very tiny.
Oh, my God.
Yeah, and they all have to stage.
They stage their shoes.
Are you kidding me?
That little thing?
It'll be a thing.
Wait, right there.
Suez Canal, that little thing.
Right here.
This is the evergreen.
Are they able to fix it or not yet?
Are they making progress?
Stuck.
And the thing is, the way the boat is built, it has like a bow on the front that is good for weather, but that one has literally dug into the ground.
So they need to dig in.
They got a dredge one.
And they're talking about the other part is they've got to start unloading containers somehow onto other ships so that it'll become lighter as it floats up and they can readjust it.
They're going to unload it.
That's going to be interesting.
Get some cranes out there for ship to ship.
Exactly.
So they're saying that this can take days, if not weeks, to get it rid of it, which obviously is going to clog a whole lot of global trade.
And there's talks that they'll be similar to, you know how with the pandemic sh outages in the supply chains?
Because the only option would be for companies to send their boats around the Horn of Africa, come up top.
Which is quite the detour.
Quite the detour.
That's ridiculous.
And it's heavy weather down there, too.
There's heavy weather at Cape Horn.
It's like saying there's no Panama Canal, same thing in the Suez Canada Canal.
Take a look at the Gulf of Mexico.
See all those red dots.
Can you go physically to what it looks like?
I'm sorry.
Go ahead, Tom.
You were saying.
No, I said, we'll get back to that in a second.
Let's go take a look at the.
There's this amazing picture of the stuck ship with this little tiny, looks like a Lego crane sitting next to it, digging in the sand.
Look how sideways it is.
There it is.
There it is.
See that?
Suez Canal dredging firm?
Take a look at that, Kai.
Right?
Nope.
Right next to it on the right, down right there.
Look at that.
That's an enormous tractor.
Look at this in Texas.
They're digging this out.
It's a quarter of a mile ship.
Yeah, and it looks like a little Lego, doesn't it?
Just like down there.
This is the same thing.
The question is, how often does this happen?
How often does this happen?
Sandstorms happen all the time?
First time.
Chiroccos, yeah.
But for that to be ground that way?
What do they call it?
Who gets held accountable for something like this?
Who's accountable for something like this?
This is a pretty big screw-up.
The world is a, I mean, the economy is affected by it.
Certain industries are affected by it.
Who's held accountable for this?
Well, outside of the captain, you got to look at the shipping company.
The shipping company, you got to look at the port, the canal controls.
So Morning Brew actually had a good comment regarding the trip.
It's like driving from New York to Philadelphia via Calgary.
Via Calgary.
Yes.
And it adds 6,000 miles and $300,000 in fuel costs to the journey of going around versus through.
Wow.
So this is possibly a justification for, again, gas prices to go up, fuel prices to go up, other things that the Suez Canal ships to other manufacturers for goods and services to go up.
Perfect.
Were you looking at the Suez Canal stuff?
Yeah.
So basically, you've got two choices.
Choice number one is you reroute things.
Choice number two, freaking world comes together and figures out how to offload some of this stuff, make it lighter, and then you need, that's a giant tractor there.
You need it's just like, you need like 10 of those.
This ship is the size of a country.
The Japanese owner of a skyscraper-sized cargo ship issues an apology.
We're extremely sorry for causing tremendous worry to the ships that are traveling or scheduled to travel in the Suez Canal and all the related people.
You missed the first word.
Oops, come off.
We're very sorry.
Damn, Gina.
That's what he missed.
It's like the Exxon Valdez.
Remember, you know, whether he was asleep or drunk.
Remember that?
It's like, Louie, wake up.
What?
You hit a state.
And it's just not going to take a few hours, a few days.
It's going to take a few weeks for this to get fixed.
Yep.
Cargo between Asia and Eurontround Tuesday.
Man-made canal dividing continent Africa and the Sinai Peninsula.
Woof.
Woof.
It all went sideways.
Okay.
So last topic to talk about before we wrap up here.
I'm looking at Twitter.
Kai.
You seen any questions for us to go to?
Are you seeing any questions for us to go to?
Because I'm looking.
I want to get the Twitter crowd.
We get a couple of questions here to wrap up with.
You know what I'm saying?
Towards mine.
Did Jal T. Biden join the Senate 120 years ago?
It's so funny.
People love taking shots at our buddy Biden here.
Okay, so when you remember what?
Okay, if you guys got any questions posted there, but we're going to wrap up here with the Royal Caribbean story.
Royal Caribbean just announced more fully vaccinated cruises this year.
This time in the Mediterranean, Royal Caribbean just unveiled a new summer series of fully vaccinated cruises in the Mediterranean.
Only one day after it announced a different collection of vaccine-mandated sailings from Bermuda.
Vaccinated against COVID-19 and craving a warm summer escape abroad a cruise ship, Royal Caribbean's newly announced seven-night Mediterranean cruises may be a good fit for you.
These new Mediterranean sailings will cruise with a vaccine mandate.
This means all crew members and adult guests abroad the ship will have to be vaccinated against COVID-19, while passengers under 18 years old will instead have to test negative for the virus.
However, Royal Caribbean notes that these protocols may change as they are evaluated on an ongoing basis.
Thoughts?
Well, we were participants in a Royal Caribbean cruise line a couple years ago.
We went to the Mediterranean.
We went to the Big Islands, a beautiful trip.
I remember when COVID first hit, they wouldn't let that cruise ship come aboard.
And as much as people were hesitant about jumping on a plane, will you trust and physically trust your body in a cruise liner for seven days, four days, five days, where you're around everybody, you eat everywhere, you're together.
It's going to be interesting how the social distancing is going to take place, especially around the buffet when it's food time or time to go show or time to get in line for onboarding, onboarding, debarking process.
I think they're just trying to get back in business, baby.
They're just trying to get back in business.
And one way to do it is, okay, if you're all vaccinated, come on here.
We'll go on a trip.
Because remember, there were three crises at the beginning of COVID, right?
Crisis number one, what exactly is this virus?
What do we do about it?
We just didn't know the biological makeup of it.
Second crisis is, you know, it's, is this at the Wuhan food court, the wet meat market, or was it, you know, a lab over there?
There was a China conspiracy.
And then the next big story was the first two, before we were using the word super spreader, we had two cruise ships that were basically stuck.
Was it off of Washington?
No, In San Francisco?
They ended up in San Francisco, but they were stuck in Tokyo, weren't they?
Like Tokyo Harbor, the cruise ships at the very beginning of COVID.
And cruise ships have never had a reputation for being perfectly clean.
People talk about the water and food poisoning and things like this.
So I think they're just trying to get back in business, and they're saying this is the way we're going to do it.
I think it's that simple.
Get some revenue coming in.
Yeah.
The Pritzker family owns that.
The Illinois governor, Jimbo Pritzker, 55th richest man in the world.
The government of that family owns the Royal Caribbean.
You know, it's going to be interesting travel.
I think with what we experienced just coming down here to Boca, flying to Fort Lauderdale, just to see the explosion of rental cars and businesses and people coming down here, I think the same thing is potentially going to happen here with cruise line.
The parties you were talking about, the person wants just to stay home.
The person's okay around other people.
And the third person says, I'm fine just being out and about.
They're ready to go.
Who has the most influence?
The radical who is like, dude, I don't really care whether I wear a mask or not.
The radical who is extremely paranoid, don't get near me, don't touch me.
You know, we're being foolish.
State of Texas being irresponsible for getting people to go back to work.
This is not the right thing to do.
Or the people in the middle who are like, let's just tell me what the rules and regulations.
I'll follow it.
Who has the most influence?
The most influence for everybody to be scared for their criticism of the other side?
Which of those three would you say it is?
I think it's the one in the middle, the second one, because they have the bigger, you know, it's a broader base.
People that aren't, you know, they're okay with being amongst other people and kind of let me know what the rules are, we'll follow.
I think that's the folks with the most influence.
What do you think?
I think people started out scared, then they were frustrated, and now you have vaccination that people think is a panacea.
See all, just let me remind everybody we get vaccinated for the flu every year because these viruses morph, you know, they evolve.
I think that the seeing more people doing more normal things with a vaccination is a big peer pressure and raises and drops people's guard to say, you know what, honey, we can go out now.
We can go to dinner now.
I'm seeing more of our friends do it.
They take a mask, they're very careful, but they're vaccinated and they're getting back into it.
We can do that too.
I think that's a very the peer around you seeing them.
To get back to normal, that who has the influence.
We all want to get back.
I think that's fair.
And I think, I think that's fine.
What do you think, Kai?
Which of the groups have more influence?
Yeah.
I think the radical, like, don't care at all, no mask, no crew.
I think those are, obviously, everyone can look at them and call them the crazy ones.
So in a sense, I think it's more the not the middle, but the hysterical ones that's kind of where I'm at.
Because they'll play the victim card, or they'll scream wolf.
So I definitely think that and everybody's scared nowadays walking on eggshells.
Did you see what this person said?
Did you see what that person said?
Yeah, exactly.
I agree with that.
That's horrible because of XYZ.
I agree with you, Darrell.
Okay, final thoughts.
Matt, any final thoughts on your end or Tom?
Anything you guys got?
You know, my final thoughts are back with this whole New York pot legalization.
It's interesting to see how things have progressed over the years where, you know, especially being a parent, it's just been interesting for me as a journey, as a dad, trying to raise my kids in this legalized marijuana type world.
Exactly.
Way too natural right there.
Way too natural right there.
I saw it in Boogie Knights.
Yeah, right.
You saw it in Almost Famous.
Almost Famous is where you saw it.
I'm a golden god.
And my last thoughts as Gen Z on remote work.
I'm looking forward to a hybrid model.
I think people are waiting to get back into connection with folks.
There's going to be some people that feel much more comfortable being isolated, I think, for the majority of folks out there.
They're waiting to get out.
Just to see what people are doing here flying into Florida, people are waiting to connect again.
I'm glad to see the Johnson ⁇ Johnson vaccine, the one-shot come out.
I'm glad to see Pfizer is doing well in America with the two-shot.
I'm glad to see more people getting vaccinated.
And the more time that's out there also means that the more variants of the vaccine and the testing that's going on.
And to make that better, I think that's good.
And I'm glad that American business is sensibly, in many cases, very sensibly, trying to get back going and get people back to work.
And I'm impressed with the resiliency of America just this past week and the things I've seen.
And I also traveled down here.
I traveled from Dallas.
So I agree with your comments about travel and people getting back to it.
I disagree with all those people that were just super spreading down in Miami.
Not the way to do it.
Have some brains, man.
Shout out to Corrupted $50 PBD and Crew.
Your thoughts on USN fighting with each other like we're gang members, blue and red, when in reality it's China who's the enemy.
Sorry for interrupting.
But congratulations, buddy.
I really got what we got.
What's up, Saucy?
I get a certificate.
So he is part of the sobbing mouth.
Oh, the smallest.
Congratulations.
By the way, is there like a token he gets?
You got the bad boy on there.
No, we need Taylor Swift shaking right now.
Did you see that?
That was impressive.
No.
I was watching it live.
I was like, this can't be happening.
Ran off, by the way.
Didn't even hesitate.
Well, I mean, you are free officially, Adam.
You are free.
I hope you think, Tom, maybe take him out to Chipotle or something.
That's a big deal.
Yeah.
This is good, man.
This is fantastic.
I think it's actually an emotional moment for you.
It's actually probably an emotional moment for you, witnessing some of the things.
We're now, you know, there's Blood Brothers.
We're now urine brothers.
Well, the Golden Bladder Award.
For those of you that witness history being made today with Tom Ellsworth, this is the first time ever in 48 episodes somebody's done that.
History.
It went officially in the history books.
Records are being made and broken.
And today's record was broken by Mr. Thomas Ellsworth.
First two.
First two.
That's right.
We're big on first two.
Huge on first ellsworth.
We're big on first twos.
We like first twos.
You're amazing, Adam.
Let me tell you.
You're amazing for coming out and giving out shout out to Tom.
Gang, if you're watching this, if you enjoyed it, last $50 came from Yimi Marino.
You guys are great.
I highly recommend my friends to watch your podcast and videos.
Start to read the book.
My son and I also listen to the videos when I'm driving.
Phenomenal.
Thank you for that, gang.
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