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00:00 - Start
2:30 - Trump and Obama sit down update
10:55 - FHFA extending eviction moratorium
42:25 - Rent is surging
1:02:30 - Osama bin Laden's house
1:07:30 - Don’t trust Wikipedia
1:21:54 - McDonald’s
1:26:50 - Unemployment welfare
1:47:20 - Bill Maher
Michaels, Adam Sauce, and Barry Habib is back here with us, sporting a nice jacket and a shirt.
And we got regular.
I mean, you're looking pretty good, though.
You got yourself a crazy case.
I do what I can.
I do what I can.
So I don't know.
Sometimes you're just like casual.
Sometimes you're in a three-piece.
I like being unpredictable.
Gerard is very predictable.
He knows what I'm going to be wearing.
And comfortable.
Okay, so what happened to you today?
You said something happened to you on the way.
You got a speeding ticket on your bicycle?
No, I just, no, speeding ticket on my bicycle.
Yeah, those are the days.
So I crashed a wedding this weekend from a buddy of mine from college.
It wasn't so much crashed.
I just wasn't invited, but they're like, yeah, last minute.
A couple friends are coming.
And I ran into a bunch of my friends that I haven't seen in a while, obviously since COVID and everything.
And they're like, yo, Saul's like, why don't you be in the group chat with all the boys, like the good old days?
I was like, all right, let's give it a shot.
Wow.
Did I not realize?
Like, everything we talk about here on more, you know, right-leaning, you know, open ideas, my friends are super liberal.
Like, they're yelling at me.
I'm the weirdo conservative in my friend group.
So obviously, I don't got to expand about what I've talked about.
I'm not surprised though.
No, but it's just.
So you expecting like a no-what type of a surprise.
Yeah, but it's one of those things where it's like, I feel like Ronnie Dangerfield.
No respect.
On the left, they talk shit.
They think I'm an idiot.
They think I'm a MAGA guy.
I'm clearly not.
On the right, they think I'm a soy boy.
Well, I am.
Soy man.
They think I'm a socialist, socialist.
I'm talking about a different story.
It's like, yeah, I know.
We talked about this.
I thought it was a good idea.
I'm in the middle.
I'm in the wedding.
You lost a lot of friends when you were playing for the Yankees.
I thought you were going to tell us a story like that.
We've lost a lot of good men out there.
A lot of good men out there.
Playing for the Yankees.
Playing for the Yankees.
I don't want to talk about it.
Trades, free agency.
You never know.
Anyways, this guy crashes a $500 plate wedding.
That takes save that money to a whole news.
My point is, I'm in the middle.
I know where I'm at now.
There's a birthday coming up.
You may want to crash.
Somebody's turning 60 years old.
I don't know if you know or not.
This man, who is a former president of the boy Brock.
Would you go to that party?
You're not invited?
I'm surprised you're not invited.
I'm not invited to that.
How are you not on that list?
How did they do that?
And Nantucket invited me.
You never know.
Anyways, we got to go.
I heard that you might be throwing a party for Obama and Trump.
Yes.
And maybe you're the MC of this wedding.
You know what's crazy?
So this whole thing with $5 million with Trump and Obama.
I was on Fox and Friends and we talked about it.
And we've raised another million dollars.
So we're shy of $6 million.
You give $10,000, which was very nice of you, but we're at shy of $6 million.
You know what's the craziest thing about the story?
Here's what's the craziest thing about the story.
One of the guys gave $137,000.
Okay.
Now, this guy who gave $137,000, guess where he's based out of?
I told you the story yesterday.
He's a corporate lawyer from India.
So in email, we ask, why are you giving this $137,000?
You don't even live in America.
Look at his answer.
He says, you know, I'm giving $137,000?
Because when U.S. is at peace, the rest of the world does good.
Hell yeah.
When U.S. isn't at peace, we feel it.
I want to see whatever I can do to help unify U.S., the rest of us are going to do better.
A corporate attorney from India gave $137,000.
Probably trickle-down socioeconomics, political.
Go figure.
Yeah, wow.
What is response?
Have you heard back from either of the two camps?
We're talking right now to both of them.
Not yet at the direct direct contact.
I'm too away from the contract.
Is that like a million rupees?
Why?
137?
Very odd.
And by the way, any money you give today in the super chat, any money you give today in the super chat, 100% of the money given today in the super chat is going to go to the raising of the funds to make that money go higher.
Whatever you give, give $100, $10, $500, $1,000, whatever you give, it's going to go to 100% of raising more money to make this Trump Obama thing happen.
By the way, I got to tell you, more and more people talk about it, the more and more conviction goes higher that this can happen.
More and more.
Have you thought about what the first question you'd ask us?
The format I've thought about is the following.
And let me tell you what's the one that I'm most excited about.
The format is: first hour, I'm asking questions.
Second hour, what the audience wanted to ask questions, because it's a long form.
Third hour, I say nothing.
I just simply moderate and I sit in the middle and I say, what questions do you guys have for each other?
And they talk.
The last hour is the one I'm really looking forward to.
So a lady on Twitter, Kaifa, can pull up this Twitter account and show what she said.
Whatever she said, many people have said the complete opposite on the other side.
So a lot of people are making videos on YouTube right now talking about should this happen, should not happen.
People are writing articles about it.
Three China websites wrote about this yesterday, by the way.
Just so you know, we have a big Chinese following.
So keep my phone.
Keep going right there.
So we have this lady who says, not this one, go back, go up, go, yeah, keep going the direction you're going.
Okay, right there.
So she says, President Barack Obama should go nowhere near Trump for the rest of his life.
Neither should President Biden or any other honest, caring elected officials.
You gave us character, honesty, grace, strength, and joy as a world leader.
The circus is over.
Happy birthday early, Mr. President.
It's more like happy early birthday, Mr. President, but it's okay.
So then she retweets the Fox and Friends deal.
And then go back up, Rochelle Riley.
She's verified.
So I think she's an author.
I said comments like this is exactly why America is divided.
The idea of both sides thinking they're too holy to sit down with the opposing party is how we got here.
MLK was willing to sit down with just about anyone to unite America.
Be loyal to America, not just your political party.
Now, guy makes a video, says a complete opposite thing.
President Trump should never sit down with President Obama because Obama is this.
Obama is how we got here.
Obama is how it divided America.
So this isn't like a one-sided thing.
There's both sides that don't want the other person to sit there.
But I'm going to tell you this here: a couple things.
Number one, who did President Obama go meet with in March of 2015?
I want to say who did he go meet with?
I got to check my notes.
2015, who did he go meet with in a country that he went and it was the first president since Grover, since who was it?
Since the president since Coolidge that visited Cuba, he went and sat down in Cuba.
He was in Cuba for three days and he watched the baseball game with who?
With Raul Castro.
Raul Castro.
And his brother.
World's like, are you kidding me?
You're sitting down with a communist in a regime like Cuba and you're willing to go laugh and watch a game with them.
Who did Trump go sit down with in North Korea?
So if Trump can sit with Kim Jong-un and Obama can sit with Raul Castro, I am sure they can sit down with each other.
I agree.
If those two can sit down with those two guys, you can definitely sit down with each other because this is the hamster wheel spinning up there, drugs.
Wasn't that like Clinton and Georgie Bush Sr.?
I mean, they developed a great friendship.
Phenomenal relationship.
See, different opposing sides of free enterprise or free market system.
I can very much see where them sitting down together is beneficial.
I don't necessarily know if sitting down with a tyrannical, like despotic leader is really that good.
I don't think sitting with Chavez or sitting with Roll Castro or even Kim Jong-un is really decision about whether that was good or not.
We're not going to go back and relive that.
Point is, if you sat with them and half the country didn't support you sitting with them, why are you not willing to sit down with another president like yourself, you know, and sit down and have a conversation?
We've talked about it before.
They literally have something in common that, what, only four other living people, five other living people have in common.
They've shared a space that literally only an actual handful of people can even remotely understand.
I would love to see it.
I think it would be history.
You would make history.
Now, how you can convince them not to wear earpieces and not just regurgitate talking points for three hours.
And, you know, I don't know.
But I don't think either of them.
By the way, I don't think.
And by the way, here's the other part.
Say they do that.
It won't work.
It will not work because both will call the other one out.
I don't think that'll work.
You have to realize both of them are pretty sharp and pretty bold.
Neither one of them are weak and pushovers.
You're not dealing with a Biden and you're not dealing with somebody on the right that's an easy pushover that you may not want to debate.
Paul Ryan.
Okay, you're dealing with somebody that, you know, both of them are heavyweights of their own side.
So they're going to sit down with each other and they have things to tell each other.
Great.
I think both are going to hold each other accountable.
But this goes down to your basically your entire point in this podcast: yeah, come sit down, discuss ideas.
The best ideas will always win, right?
You say that all the time.
Not talking, we learned that during communism and the what's the terminology they use for that?
The Cold War.
Not talking does nothing for you.
Talking, you know, I would love for you to talk to my super liberal friends and you guys find common ground.
Like he is convinced that he's right.
You want to kill him anyway and I, but there's no murdering going on here.
You said murder.
Slingshot to the son.
I get it.
But that's what it comes down to: dialogue.
You don't make peace with your enemies.
I think we learned more.
You want to make peace with your enemies.
I agree.
I think you unify.
Unifying starts off with sitting down and having a conversation.
You said the other day, you called it Doug.
Doug, diffuse, unify glue.
Exactly.
Diffuse, unified glue.
I mean, we need more people in America right now that specialize in those three.
Diffuse, unifying glue.
Anyways, we got a lot of things to talk about.
We got the eviction moratorium, which you got some updates for us here to tell us what happened with there.
I think you got why the Fed is lying.
We got some things to talk about there, interest rates.
Mortgage rates dropped to a six-month low and refinances shoot higher.
We got Dorsey buying a company.
Google postpones return until October.
Olympics, Iranian athlete left this country after being told to lose on purpose, won silver at Olympics for Mongolia and dedicated the medal to Israel.
We have a lot of different stuff that's going on right now.
I'm trying to see.
Let's start off with a light story.
Pick any one of them.
Pick one story that's light that we can get into.
Let's let our special guest pick a story.
Not real estate.
No, I say we have.
Let's start off with the eviction moratorium.
Kai, what page is that?
What page is that on?
What page is that on, Kai?
Tell me, is that page nine?
Yeah, go to page nine.
Okay, go to page nine, bottom of page nine is where we're at with eviction moratorium.
So I'm gonna let's take a look at this.
This is a story by the federal housing agency.
So FHFA extends COVID-19 REO eviction moratorium through September 30th, 2021.
On Friday, the FHFA announced that Fannie Mae and Freddie Mac, the enterprises, are extending the moratorium on single-family real estate-owned REOs, evictions until September 30th.
The REO eviction moratorium applies to properties that have been acquired by an enterprise through foreclosure or deed in lieu of foreclosure transactions.
The current moratorium was set to expire on July 31st, 2021.
The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments.
Today's extension of the eviction moratorium protects particularly vulnerable Americans who otherwise would be at risk of losing a place to live.
Said acting director Sandrell Thompson, the RU eviction moratorium is just the latest step FHFA has taken to benefit homeowner renters and mortgage market during the pandemic.
So this is happening.
Yesterday, Bernie Sanders, AOC were out there marching, I think, in D.C. talking about the fact that we should extend this.
There's arguments on both sides.
What are your thoughts on this?
So listen, you want to be humanitarian, and these are properties that are owned by the FHFA.
So it's not the same as if you have some of these eviction moratoriums that people are faced with who are landlords.
And you could see both sides of it.
You certainly want to be humanitarian in the landlord side, but you definitely want to also try and be somewhat sympathetic to the person who's being evicted.
I mean, both sides, you could definitely see it.
Because a lot of the people who are landlords aren't necessarily large corporations.
They're just people that are hardworking, middle-class people.
They purchase a home because they'd like to— These are landlords.
Landlords.
Yeah.
In this particular case, it's the FHFA.
So this is a government agency here.
But the moratorium that's currently in effect for renters is something that you want to be humanitarian sympathetic, but you also need to think about what's that landlord going through.
That's just an individual that's purchased that home and now is faced with somebody living there in their home.
Where we at right now with that?
Where are we at right now with that?
Because if this is FHFA, it's supposed to be the end of August that that's been posted.
Yeah, but I think that given this Delta variant has now become more prevalent, there's a good chance that that gets so here's the problem I have with that.
The problem I have with it is the fact that states were given $45 billion to help tenants and landlords.
$45 billion to help tenants and landlords.
You know, according to New York Times story that came out yesterday, what percentage of that $45 billion has been given to tenants and landlords?
Do you know what percentage of 45 billion?
Less than 25.
7%.
So here's my channel.
And by the way, this is New York Times.
We're not talking New York Post.
It's New York Times writing this.
So this is a New York Post, which some may say it's a conservative paper.
So if $45 billion has been given to states to give to tenants and landlords, and that money hasn't gone to them, and you want to extend, you can't tell me to extend it if you're hanging on to the money that you're supposed to help me out to.
If you give me the money, I'll sit there and say, okay, fine.
But if you're hanging on to the money and only giving 7% of the $45 billion, which is only $3 billion, what are you going to do with this?
What's their justification?
What's their job?
Because they can't.
What are you going to tell them?
You're going to write a negative review on Yelp?
You're going to go out there and Yelp.
There's some people that would.
Good luck with the government.
Nobody.
Go to a government place and say you're going to write a negative review on something and see what they tell you.
That money's not coming to you.
So in a situation like this, at what point do you say, listen, you guys got to figure something out.
I can't keep extending this.
I think the unemployment, if you remember the unemployment during Obama, it kept extending, you know, six months, and it won nine months, and then it won 12 months, and then it kept going, extending, extending.
Yeah, it was a long time that it kept going.
It was nearly, you know, 24 months is where it got to.
I think 99 weeks was the number, right?
And the moment you stopped unemployment benefits, guess what happened to people?
The moment you stopped working.
They go back to work.
They went back to work.
There was something interesting about that.
I know it's one of the stories you want to cover, but this is a really interesting thing.
Right now, there's 9.2 million job openings, and people are pointing to that, and the Fed's pointing to that.
This kind of leads us into the Fed as well.
But the Fed's saying, you know, we're not seeing maximum employment.
Well, if you're paying people $18 an hour to stay home, guess what?
They're going to stay home.
But there's an interesting phenomenon that takes place.
So half the states roughly have now said we're going to end this additional benefit.
And what they've seen is something that's fascinating.
The number of job creations goes up, but so does the unemployment rate.
So people are scratching their heads and they point to the unemployment rate and said, oh, it's not really a benefit.
Well, what happens is, is when you don't look for a job for four weeks, you are now a discouraged worker.
So you literally do not get counted as unemployed.
As soon as you come off that, you start looking for a job, you start off as unemployed.
So your unemployment numbers worsen initially.
But you at the same time have some of those people who find jobs.
So if you have 10 people go back, five found a job, now you have five people that are counted as unemployed.
It actually makes the unemployment numbers look worse while jobs. are being created look better.
But it depends on what side you're on and what you want to point to.
You always find what you're looking for.
So if you point to job creation, you said things are good.
But eventually, as these people then come back to finding a job and getting a job, the unemployment numbers should come down.
So Labor Day was supposed to see an end to this additional benefit.
So I'd imagine you'll probably see the unemployment rate in September and maybe in October get worse while jobs are created.
But then it should start to catch up.
Do you see it going past September?
You know, the Delta variant is something that people are very concerned about.
You know, everybody's talking about masks indoors and this and that.
And I think Facebook today said they're requiring all employees, whether you're vaccinated or not, to have a mask.
I don't really quite understand that.
But it's something that individuals are going to be faced with now going back to work or childcare based on this.
And it might kick the can down the road.
It might prolong it.
You saw Lindsey Graham today.
Did you see Lindsey Graham's tweet today?
Lindsey Graham, who said, I took the vaccine, I went and got it, and I still got COVID.
So he's got COVID right now, Lindsey Graham.
So you're hearing a lot of stories.
Did you hear part B to that?
That was part B to this.
He said, had I not got vaccinated situation than where he is.
Now, listen, here's a part of what you just said.
I sent Kai an article this morning from The Economist.
Kai, if you want to pull it up, from The Economist, showing percentages of, what do you call it, people who are taking the jab.
And this is how The Economist, not, yeah, there you go.
The econ, econ, not economist, the economist.
There we go.
Okay, good.
Click on that.
Okay, so here's a story that came out from The Economist today.
It says, it says, a fourth wave of COVID-19 infections washing across America thanks to Delta variant.
Yes, vaccinations have stalled at on 155 million or 60% of American adult population.
Why?
Using polling from YouGov and demographic profiles of 24,000 Americans, our data journals have built a statistical model to estimate how likely each respondent is to say they have received or will get their jab.
It reveals that the single greatest predictor of whether an American has been vaccinated is whether they have voted for Joe Biden or Donald Trump last November.
Mr. Biden's supporters are 18% more likelier to get the jab than those who voted for Trump.
That's what you're looking at.
Blue, vaccine hesitant.
The Democrats, believe it or not, there's still a percentage of Democrats that don't want to get the vaccine.
Vaccine hesitant, independents are the biggest one there that are percentage-wise.
Republicans are the biggest, not sure.
Democrats are still, by the way, I would have thought not sure Democrats would have been a lot smaller.
Look how big Democrats is.
Three times.
Independence gets a little smaller.
Quite frankly, Republicans not sure decreases a little bit, but Democrats not sure triples right there.
Do you see that, Adam, how that looks like the 3X?
And then vaccinated Democrats.
What does that tell us?
I think that has less to do with the politics and it has more to do with the proclivity towards individualism.
You have people on this side that tend to be more group-oriented, follow the leader.
You have this side who tend to be more civilly disobedient, individualistic.
I think that this has less to do with the political proclivities and it has more to do with what your natural.
I hear you, but I also think it's both.
Yeah, well, what about people that don't believe anything that Fauci says based upon his drug record?
How can you at this point?
Yeah.
By the way, a good story came out from USA Today.
Pull up the USA Today story.
Let's just go into that because the USA Today story, I mean, USA Today, would you say that's a left-center right?
Where would you put it?
I would say USA.
They call themselves fair and ballots, so that's pretty far left in America today.
Okay, so let's just say.
I don't think they're far left at all, actually.
No, I do.
You're center left.
They're elitist liberal, city liberals.
Kai, and that's the story.
I think it's on the last page.
Okay.
The COVID culture war.
If you pull up that article, it's called the COVID Culture War.
At what point should a person's freedom yield to the common good?
USA Today's story.
After more than 18 months of pandemic, with one of every 545 Americans killed, that's less than 2% killed, two-tenths of a percent killed by COVID-19, a substantial chunk of the population continues to assert their own individual liberties over the common good.
This great divide spilling into workplaces, school supermarkets, and voting booths has split the nation at a historic juncture when partisan factionalism and social media are already achieving similar ends.
It is a phenomenon that perplexes sociologists, legal scholars, public health experts, and philosophers, causing them to wonder at what point should individual rights yield to the public interest.
If coronavirus kills one in 100, would that be enough to change minds?
What if 110?
No matter where one stands, it puts a new spin on the famous line delivered at America's founding by Patrick Henry.
Give me liberty or give me death.
So at what point, by the way, one in 545.
If you remember at first when COVID came out, they said the R0T score is 2%, which means 2% to 5%.
If you remember the original number was closer to 5%, then they brought it down to 2.5%, then 2%, then 1%.
That what?
Did they die of COVID or what?
No, R-Not is how many people would contract it that you come into contact with.
Who wrote that?
Who wrote that?
USA Today.
You want to know who the individuals are?
Whoever that author is, all right?
Shame on you.
To frame it in that manner.
Kai, can you pull up the article?
And total.
Tell me why.
Tell me why, though.
This idea that people haven't already done everything possible to keep their neighbors safe, that they didn't shut down their businesses, that they didn't shut down their schools, that they didn't stay inside their house, that they didn't completely and totally sacrifice their lifestyle and livelihood for a year and a half for the benefit of the common good.
And now this asshole is out here trying to be like, well, what will it take for people to give up their civil rights?
But what would it take?
What do you mean?
Let me ask you a question.
Let me ask you a secondary question.
At what point can I say no?
I was saying I said yes.
We already gave up our civil rights.
I said yes to shutting down the business.
I said yes to leaving my home.
I said yes to staying inside.
At what point am I allowed to say no?
So let's use this article as an example.
You answer these questions.
Right now, if the coronavirus kills one in 100, do you get the vaccine?
One in 100?
Yeah.
If it's killing one in 100, everybody is on DEF COM.
If it kills one in 100, everybody stays inside.
We're in a fairly long time.
Did you get the vaccine then?
At one in 100 people confirmed, I am in a hazmat suit.
Okay, so you get the vaccine.
I don't touch anything.
I don't trust the vaccine.
So you get the vaccine.
I don't trust it.
What about one in 10?
Do you get the vaccine?
It doesn't, dude.
You're missing the point.
It could be one in two.
I don't trust that the vaccine is.
No matter what.
I'm just trying to understand something.
No, so.
I want to know why you don't see it.
You have no idea what this vaccine does and doesn't do.
You're blindly trusting.
Nobody does.
But wait, nobody trusts.
I don't know how to say that with you.
Why do you say that?
Why do you not trust it?
It's not even, dude, we're six months, seven months into it.
Most RD on these things take five to seven years.
You have no clue.
Anybody who says they have a clue about the long-term ramifications of this is completely and totally full of shit.
And where'd you go to medical school, just to be clear?
Where did you go to medical school?
I didn't.
I'm not saying.
No, no.
If you're going to try to do an appeal to authority, where did you go to authority?
I haven't got the vaccine yet.
But if I'm talking about that.
So that's all I'm saying.
But I'm totally talking about where did I go to one in a hundred?
What kind of bullshit is that?
Where'd you go to medical school?
I didn't go to medical school.
So what are you talking about now?
I'm not trying to be an authority, bro.
I'm not asking anybody.
You're trying to be an author.
I'm not telling you to stick something in your body that you don't want.
I agree with you on that.
So what I'm saying.
Where are you getting off trying to tell me where I come?
Here's my question.
One in 100 or 1 in 10.
You're going to say you're going to get an asthmat suit?
I got one in 10 vaccine.
What is it right now?
What is it right now?
One in 200.
What out of 540?
But let me ask you a question, though.
Let's go there because here's what I believe.
Here's what I believe.
And I'm just being very blunt with you guys.
I don't, look, by the way, just so you know of who this Dennis Wagner guys, and then I'll tell you what I believe about this.
Click on Dennis Wagner, just so you know who he is, the guy who wrote it.
His profile is going to be on the left.
I'm a vintage ball investigative reporter.
You say today within 45 years of journalism under my bombs at Arizona Public.
It's a vocation that allowed me to fly to the U.S.-Mexico border for Pulitzer winning project on the wall and to break the nationwide scan on veterans healthcare.
Along the way, I also attract terrorists on 9-11 attacks, covered an Apache sunrise ceremony, confronted Mafia and signed me to Book Gravano Flu combat support mission over Iraq in an era of fake news.
I strive for integrity.
Hope the real information we gather.
I have a wife, dog, grandchildren, lifelong love affair with wilderness, all of the development of humanity.
Great.
So that's him, right?
Okay.
Here's the point.
You want to know who he was?
Now you know who he is.
But this is my concern.
Let me tell you what.
So this is who is this guy?
He's a guy that's no longer a person.
He's a guy that wrote this article.
Yeah.
This is this is based on that.
Is he still shame on him?
No, no.
I'm not being sarcastic.
Adam, I'm asking you.
Let me make my point.
Let me make my point.
I have a sincere question for you.
I have a sincere question for you.
So right now, we are spending trillions of dollars in our U.S. military trying to fight wars the way it was fought 30 years ago.
Is that a fair assessment?
It is.
We're not necessarily spending the military, you know, U.S. tax dollar trying to fight wars of 10 years from now.
We're trying to fight wars of 30 years ago.
You highlighted this on the basis that we're doing.
So that's one challenge that we have.
Okay, so let's go.
You always have to figure out a way to estimate what your enemy is doing and outmaneuver them five, 10, 15 moves, right?
Okay, we know what China's spending money on right now.
What are they spending money on?
They're spending money on figuring out ways on how to do cyber attacks, which is cyber warfare is bio-warfare.
Those two right there.
So just go to those two: cyber warfare, bio-warfare.
Article came out yesterday saying the fact that this was a man-made virus built in Wuhan.
And this is not an article from Breibart.
This is not a Daily Caller.
This is an article that was written that's saying, hey, this most likely came out of this Wuhan lab.
Great.
By the way, here's the part to be thinking about.
This virus was deadly, but it wasn't that deadly.
Okay?
Not trying to be sarcastic here.
It was not as deadly as now.
Let's see.
And that's with all due respect to anybody that did catch it and everything like that.
Absolutely.
Please, we have people that died in the company.
We have to pay policies.
But they were talking about 5%.
They were talking about 5%.
So I'm talking, how many people have we lost to cigarettes in the world last year?
8 million people.
We lost in the world last year to cigarettes.
8 million.
Okay?
That's a real number.
8 million out of 8 billion.
Okay?
So, but let's go back to this question I got for you.
Here's a question for you.
May I say one other thing?
Let me wrap this up, and I want to make the point I want to hear from you.
So say advance.
Let's just say we go five years from now, 10 years from now, 20 years from now.
What is advancement?
Advancement means what?
You get better.
You make better weapons.
What if these guys over there create a weapon that is a you know cyber, not cyber warfare, bio-warfare, and it's not 5%, it's not 0.2%.
What if it is deadlier?
What if it is 20%?
What if it is 30%?
What if it is 50%?
My answer is not even about vaccine.
I don't even go to vaccine.
Dude, you don't even have time for a vaccine at that point.
This is not, hey, let me go fight off the vaccine.
This is about how do you play defense against it?
So what is it?
You have tanks?
Tanks are not going to do shit.
Do you think you have enough time?
Even when they were saying, Fauci was saying, it's going to take 18 months to get this vaccine to be ready.
And Trump was saying, what?
We're going to get it ready by how many months?
Nine months.
You remember how he kept saying that?
And Fauci would say 18 months?
Trump would say nine months.
You remember that, right?
You're not shaking your head saying yes.
Man, Trump didn't get any credit for the good stuff that he did on that.
My question isn't, but say nine months.
What the hell is nine months?
So the point is, my mind goes to the U.S. military needs to toughen up their biowarfare defense mechanism, and we are weak today.
If somebody truly was an ugly, dirty human being that wanted to truly destroy the world, they could do it today because the math has been shown that this one drug, this one virus called COVID, if I can make it even more infectious, what could happen?
So the conversation is not going to be this guy writing about the fact that one in 545, would you take the vaccine if it's one in 100 or 1 in 10 or 1 and 2?
That's not the conversation.
My conversation is bigger than that.
What are we doing as military generals?
What are we doing as the leaders that are sitting behind closed doors talking?
Are we having those conversations?
That's the real question I would be thinking about.
Not this article to write to get people to debate over the fact of why are you not taking a vaccine, why are you not taking a vaccine, and why you should take the vaccine because the percentage would be higher.
So persuading you to take it.
Because in reality, how much research have we gotten?
I don't know much research.
Even Fauci said it's going to take a long time to research, to test, to do this, to do that, to do this.
Even the experts said that to us.
So, yeah, there's a challenge here where people are being questioned on both sides.
You walk and chew gum at the same time.
I'm not being sarcastic.
Yes, I agree with you.
We should obviously prepare for something five, 10 years down the road, but we can also address what's going on right now.
And I got to be honest with you.
I have not got vaccinated.
Hear me out, bro.
I had COVID, okay?
I'm doing my own research.
My own research.
I agree.
Individual liberties.
You have the right to do what you want with your body.
I'm hearing way better arguments from the vaccinated side versus the unvaccinated side.
Pertaining to what?
Just everything.
I'm doing a lot of research.
This is my own research, whatever I'm looking at, wherever I'm hearing.
From what I'm hearing on the vaccinated side, like even Lindsey Graham came out and said today, had I not gotten vaccinated, I would have gotten way sicker.
How does he know that?
Look, bro.
How does he know that?
And Lindsey Graham's not my guy.
Is he a flat?
That's not my point.
How could he possibly know I would have gotten vaccinated?
The point that I'm hearing, again, not vaccinated.
So I'm not arguing with you, bro.
I'm bringing up a point.
What I'm hearing from the unvaccinated, are you vaccinated, by the way?
I'm vaccinated.
Okay, you're vaccinated.
It's a personal choice.
Cool.
I believe in it.
Cool.
Personal choice.
I hear you.
And I agree.
And I agree if I also agree with you if you're like, look, what I'm hearing from the unvaccinated side is I can do what I want.
Cool.
Respect individual liberties.
And there's not enough evidence out there.
What I'm hearing on the vaccinated side is...
Where are you at?
As far as what?
As far as taking a shot.
I'm getting closer to thinking about it.
I'm getting closer.
Point is, I was at the center.
I'm like, I had COVID, bro.
It was a three out of 10.
Yeah.
You know, it was bad, but not that bad.
You know, I've had the flu before.
Now I'm thinking, I don't know, should I take it?
Should I not take it?
And I'm listening to arguments on the right saying, don't do it.
Don't do it.
I'm making an arts on the left.
You better do it.
You better do it.
And I'm being an independent thinker, much like you are, and I'm hearing better arguments to get vaccinated versus not get vaccinated.
You know what I'm saying?
I don't like what we just classified as right and left on this.
It's really individuals.
A lot of people, look.
Well, it is right and left.
I do think it is, though.
I don't think it is, to be honest.
What are you talking?
We just.
Hold on.
You know, there's a great book called April.
You're talking about Trump, the president, took the vaccine in April.
The president's going to die of COVID because he's overweight and he had COVID.
Well, no, no, no.
That's your argument, though.
There's a great book called How to Latter Regional.
Do you think he was going to take the vaccine if he was saying that?
No, no.
The point I'm trying to make to you is I agree with him.
This is not a right and a left thing when it comes down to the vaccine.
Oh, I mean, look at the stats.
This is showing that.
That's exactly, that's called identity politics.
I'm showing you.
Of course I'm showing it because it's a conversation.
We just had a good conversation about it.
This is good.
The audience is listening and they can make a decision for themselves.
But I'm seeing a lot of people who are on the right taking it.
This is not a left-right middle face.
I'm assuming they are older or unhealthier.
See a lot of young, healthy people on the right getting the vaccine or young, healthy people getting sick.
No, you're right.
But who the fuck would they take medication?
Who wants to get medication?
Hold on.
The argument for that is that whether or not they could get deathly ill or not is will they transmit it to others?
And it seems that the evidence is that you're less likely to transmit it if you're vaccinated.
So it's not just a me thing.
It's like, who are my family?
Who are the people that I'm around?
What are the lifestyle activities that I want to do?
So you just, you can't just think, okay?
Right.
I mean, you can't just think.
My grandma is like, I don't want to see you because you're not vaccinated.
I'm worried.
There's a lot of stories about that.
This is my grandma.
I'm like, I can't see my grandma.
They're like, no, you haven't got.
I'm like, holy crap.
Yeah.
My grandma's 90 years old.
I can't see my grandma now.
Look, Adam, here's the thing.
I think everybody needs to do their own research on it.
I research.
Well, everyone is, Barry.
No, you're wrong.
I don't think everybody is.
I think people just listen to the headlines and they say, I'm not going to do it because there's crap in this vaccine that's going to make real sense.
So, look, there's evidence that there are long-hauler issues if you contract this thing.
And then there are potential issues that if you get the vaccine, too.
We're not saying that either one is perfect, but for me, I went really deep and researched messenger RNA.
I did not want any other vaccination except for the Moderna or the Pfizer because I believe in the science of the people.
I've heard similar things that Johnson is horrible.
People are going to think I'm full of it, but this is the God's Honest Truth.
My mother's best friend's son died 33 years old.
He was an RN.
He got the vaccine three days later, died.
Now, could be anything.
Look, correlation is not causality.
I get it.
Or causality is not correlation.
Fine, whatever.
Maybe it was an anomaly.
Guy had a heart attack at 33, died.
RN.
In good shape.
Okay.
So I'm not saying, all right, that one is connected to the other.
It just seems oddly strange with the timing.
Seems oddly strange that Hank Harron died days after.
It's oddly strange.
And I don't trust, and this is the God's Honest Truth.
I do not, they are too invested in a narrative right now.
I do not trust the numbers that we're getting.
Okay, so it makes it hard when we talk about do the research and trust the science, bro.
I cannot because I can't ascertain what is real and what is not from what we're getting from our government.
Well, to add to what you're saying a little bit, there's too much gray area right now.
To add to what you're saying, a lot of the deaths that you're seeing when they report like one in 545 who contracted die, a lot of the deaths because of the financial arrangements within hospitals were marked as COVID deaths.
Even though I know people within hospitals that have told me this.
They're walking COVID deaths.
COVID and dying with COVID.
That's correct.
Two completely different things.
That's right.
Perhaps they had it.
They died from something else, but they were all COVID deaths.
Yeah.
And even somewhere they didn't even know they put COVID deaths because the hospitals, it's a financial obligation.
Well, let me tell you, there's a benefit to that because I deal with 39,000 if they get on a ventilator, 18,000 if they come back.
If you have the flu and you get diagnosed with COVID, $18,000 per patient, no questions asked.
So there's a financial obligation.
Two quick stories, and then we'll move on.
Similar to your friend, the RN, Respect, that's horrible.
I also have a friend, nightlife guy, DJ in Miami, pretty healthy guy, 35, died of COVID.
Just got COVID, died straight up.
35, not fat, not disgusting, not overweight.
35 died.
Secondly, to your point, I deal in life settlements, which is basically based on life expectancy.
We get life expectancy reports on people.
Mrs. Smith, she's 82 years old.
She's got diabetes.
She's got this.
We got a life expectancy report.
She was expected to live between 70 and 90 months.
That's how it works.
They give you a range.
70 to 90 months.
Okay.
We had multiple reports, two reports.
She's going to live, you know, five, six, seven, eight years, whatever it is.
Got COVID, died in two weeks.
So did she die of COVID?
Did she die with COVID?
We had a life expectancy report that showed she'd live another six, seven years, got COVID, died in two weeks.
She was on a majority of the people.
There's a case example.
No, she wasn't on a motorcycle, bro.
She died.
She was in bed.
She died in a freaking hospital.
But that's the thing about this.
There's no universal answer.
There are some things that are going on on the margins on each side.
That's why this is such a hotly debated issue.
There's two things.
That's why I think what's really important is that it's an individual or what's two things.
I think it's really important you have to be empathetic too.
Two things that we can all agree on.
And that was a bad joke, and I do apologize to her and her family.
The two things we should agree on.
And it goes back to what you said before, okay, about how in this moment, what can we learn and what can we do?
Because if we are going to be so beholden to somebody else not being crazy and killing all of us, that's a horrible way to live our life.
One of the things, I'm a supply-side guy.
I'm a free market guy.
And this has made me reevaluate my thinking on economic freedom because there's just no way, no matter how much cheaper it is, that we should be outsourcing 90%, 9,000% of our pharmaceuticals outside this country.
China, I think, 78% and the other 12% comes from China.
100% agree with you.
There's no way.
And they can have one bad batch of heart medication and kill 50 million people like that.
All right.
So I was wrong in my ideology as far as that's concerned.
It doesn't matter that it's cheaper.
It doesn't matter that it's more efficient.
Why is that supply side guy?
That's a clear and present danger to the United States of America.
That is a clear and present danger to our well-being as a nation.
We need to bring our pharmaceuticals specifically here.
We have to be making, manufacturing, and distributing life-saving medication within our shores.
That's number one.
Number two, all right, and people don't want to hear this, and it's amazing to me that we've gone 18 months and nobody has said anything about this.
All right.
But who's going to hold China accountable?
They owe everybody a lot of money, and they owe people restitution for the lives that they've ruined.
And nobody in our government has the balls to even bring it up.
Yeah, so listen, that is a completely different conversation.
Here, we just talk a bunch of different things here.
You said your points, you said your points.
Look, if a person, you know, selective hearing works for all of us.
If you're somebody that's, say, a person that doesn't want to take it because of your civil liberties, you're like, listen, don't impose it on me.
You're going to probably tell stories of people that took the vaccine and something happened to them because your mind automatically is turned on and attracted to those stories.
It's just how we're watching.
We have to understand this part that this is just, yeah, confirmation bias.
We're all guilty of it.
So for you, Adam's automatically only going to tell the stories of, yeah, but Lindsey Graham, did you know what he said afterwards?
If I didn't have it, okay.
So then that's where he goes because he's trying to find information to validate why he ought to take the vaccine.
More power to him.
It's his choice.
You want to do it?
I clearly said I'm listening to both of them.
But the stories then you said is you told the story of a friend that was 35 years old, healthy, DJ, Miami, boom.
He died because of COVID, right?
So your brain is going to those stories.
It's going to stories to help you.
But I also told the story of that I got COVID.
I didn't get that six.
It's counteract.
Right.
So what I'm saying is that both of you guys just did it.
Stop.
We're all doing it.
I'm not pointing finger.
We're all doing this.
Ain't nobody free of this.
Okay.
If Fox is doing this, Yen is MSMEs doing it.
The hardest thing for us as human beings to do is to see if we're being full of shit or we're trying to convince ourselves of a decision just because we want to make sure, validate that we're making the right decision.
We're afraid of making the wrong decision.
Sometimes we ourselves are more protective of our own egos of being right or wrong.
So we don't want to listen.
That's a challenge.
We all, by the way, all of us are guilty of it.
I'm a pretty big ego guy.
I understand what it is to have a big ego.
And you struggle with this the entire time.
Today, the audience wins.
They get to make a decision for themselves.
As far as China goes, again, that's where I went to.
My direction where I went to is who the enemy is.
My direction I always go to is the long-term solution, permanent fix.
A vaccine to me is a band-aid.
It ain't no permanent fix.
It's purely a band-aid.
We're going to be able to put a band-aid on this six, 12, 18 months.
And now we're being told every year you got to take it because that's how you make it go away.
New variants.
More interested in permanent solutions.
I understand temporary stuff.
Go ahead, say it, doctors, expert, present, debate, hash it out, sit down, do all that stuff.
Great.
If there's one area, Adam, that concerns me the most is the following.
Let me tell you what concerns me the most.
Here's what concerns me the most.
If you call Adam Gerard out on a event that took place that you want to hash it on, you say, I want to debate him live and talk to him about it.
If he says no continuously and he privately, publicly calls you out but doesn't want to sit down with you, you know what it tells me?
He's hiding something.
If he says, let's sit down and talk about it, you are avoiding the conversation with him and you're talking shit about him behind his back, you're hiding something.
Okay?
If one side of doctors or media is not allowing the opposing argument to be heard, what are you afraid of?
There it is.
That's my fear.
Why don't you have a debate on entertainment?
I offered Paul Offitt $20,000.
He turned it down.
There's got to be someone that'll be aware of it.
I offered everybody $20,000.
They all turned it down.
Just so that I know.
Nobody would sit down with RFK.
Nobody would sit down with doctors from the other side.
You're talking about the doctor.
Dr. Mike said three times.
Yes, yes, yes, absolutely.
I'm willing to sit down and talk to anybody about it.
I said, you willing to sit down and talk to R.F.K. about it?
Yes.
No.
You know what YouTube did?
Number one, right now, if you go on YouTube, his page is already on the cover page of YouTube.
Why?
He gets all these suggested subscribers.
Because he's saying what they want him to say, and we're not.
We don't get the suggested views that we used to get.
What's on the word?
We're saying what they don't want us to say.
We're having open dialogue.
I simply want to know why an opposing argument is constantly hidden.
That's all I'm asking about.
Look, do you know why when I was living in Iran why the concept of communism got so much attention?
Do you know why?
Because the Shah kept hiding it.
Because the Shah kept arresting all the today's, the communists.
So the more he kept hiding it, guess what the youngins kept wanting to do?
Find out more.
What's this all about?
What are they afraid of?
Why are the people of power so afraid of communism?
You know how you beat communism?
Here's how you beat communism.
Shine light on it.
Shine light on it.
Let's talk about it.
Bring it up.
Let's talk about it.
So I bring Slavoj Žižek.
Let's debate.
I bring Richard Wolf.
Let's debate.
I bring people.
Trash my arguments.
Destroy my arguments.
Let's go through it.
And the audience says, I disagree with you, Pat.
I disagree.
So when you are hiding an argument, to me, you already showed your colour.
Actively suppressing it.
That's my concern.
So I'm not, my concern isn't going out there and doing research vaccine.
My dad got the vaccine.
My household, most people in my household are vaccinated.
It's not like we're sitting there saying, oh, we're anti-this, anti-that.
Not at all.
I just simply ask one question.
Why is the opposing argument hidden?
I don't know.
Tell me why.
You don't have an answer for it.
Why not?
Because they're ludicrous and they have no clue what the hell they're talking about.
You just lost the argument.
There's got to be a more argument than that.
Anyway, can we move on from this and go to real estate?
Okay.
You want to talk about the Fed?
I want to go to page seven, which is the Fed.
Go to page seven, Adam.
On page seven.
So we got a few different things here.
First story I'll go into is rent on U.S. suburban homes is surging with inventory tight.
That's a Bloomberg story.
Imitation Homes Inc., the largest single-family landlord in the U.S., boosted rents by 8% nationwide in the second quarter as company high prices, Amit, strong demand for suburban properties.
The company, which owned more than 80,000 homes, boosts rent by 5.8% on renewals and 14% on leases signed by new tenants.
So if your rent is $2,000 a month, it's $2,280 now, is what it is.
According to a statement Wednesday, the company also posted core condos from operations of 37 cents per share, beating the average analyst expectation of 35 cents for the key metric.
Barry.
Well, this is a big story because when you talk about the real estate market right now, it's easy for people to bash housing, bash the real estate market because they're talking about the most recent numbers is 16.6% appreciation on homes.
Unless I agree, that's too hot.
You know, we'd love to see it come back down.
But you also have to think about what's the alternative.
It's certainly not going to want to pitch a tenth.
So if you're going to go rent, your rent on new transactions is going to have gone up 14% as well.
So it's almost keeping pace.
But the big difference is that with a purchase, if you get a fixed rate mortgage, which is the vast, vast, vast majority, maybe you see your taxes go up slightly, but that's a pretty small portion of your overall payment if your taxes went up 2%.
That's a small portion in general, probably less than 1% of your payment.
But on rents, they're going up almost 6% a year, and you get hit with that every year.
So over time, the purchase definitely has a lot of benefit to it, but people are really bashing the housing market.
And I understand that.
I mean, we were on last time.
We talked about a lot of these things.
Look, you have to be careful.
You have to make your own decisions, and different markets are different.
But in general, if you go by the rules of supply and demand, where's the new supply going to come from to override the demand for housing to cause prices to drop precipitously, like so many people are saying, right?
And where is the supply going to come from?
Well, here's the thing.
People say, okay, well, what if a lot of people put their homes on the market and sell them?
But where are they going to live?
They're going to keep revenue neutral.
And we talked about this last time, but you've got a lot of influx of first-time homebuyers that are going to come in.
So builders are going to put them up, but they just, it's hard for them.
It's hard to deliver because of chips with appliances to get certificates of occupancy.
It's hard for builders because of land and the costs that are involved.
It's really tough to build a home for less than $350,000, and that's really where the demand's needed.
So it's not an easy solution here.
But in the midst of it, it seems like home prices are going to be pretty decently supported.
I don't see this big crest.
And people love to compare it to like the stock market.
The thing of it is for me is I could sell a stock and be fine.
I don't have to do anything.
But if I sell my home, there comes a question is where am I going to live?
Replace it.
Where am I going to stay?
That's a good question.
If it's an investment property, that's one thing, but the percentage of investors is not like it was in 2007, 2008, where you had, you know, one person buying several homes.
Remember the movie The Big Short?
Of course.
A stripper that has three mortgages in the world.
And a condo, right?
So how's she doing, by the way?
Well, you know, I don't know.
She parties check in.
I lived up there for two years.
It was great.
That's great.
Free rest.
O'Brien's.
See you there, Fred.
Real quick story about O'Brien.
Sorry, Barry.
Real quick story.
So we're at O'Brien's over here in Boca Raton, man.
And then we'll get back to the housing.
But Adam's buying out the whole bar.
Adam spent about $1,000 on white cars.
$1,000 on white cars.
If I know, I would have taken it down value.
If you were girl and you were drinking, you got to drink that night.
Dude, we were celebrating.
Karaoke.
So there's this absolute smoke show.
Smoke show.
Adam buys, I don't know, $1,000 worth of White Clause.
Finally gets to talking to her.
And then goes, comes over to me.
And I was like, bro, did you get her number?
He goes, dude, I already had her number in my phone.
Completely forgot that he had this girl's number.
So, yeah.
The biggest point of the story is he found his favorite bar of all time.
Oh, I love the place.
Anyway, searching for a house.
Let me go back to asking the question here.
I got a question for you about this.
Thanks for the random story.
So the 14%.
So the 14%.
So they're raising rents on new tenants 14%.
Existing, 5.8%.
The numbers on inflation came out last month was what?
5.4%.
And that's only a month.
Of course, 4.5.
That's year over year.
Year over year.
Okay.
So 4.5%.
That's on CPI, PCE, which the Fed likes better, but it's a stupid measure.
So give me the number.
Which one is more of a number to look at when it comes to the home?
CPI is more accurate.
4.5% looks like.
Yeah, 4.5%.
Let's say 4.5%.
So if this is 5.8% on existing, it's 14% on new.
Is this, they have analysts.
Analysts are not going to give numbers like this for the hell of it.
Are the analysts assuming that inflation is going to go to percentages like 14 to match it?
Or are they just saying, nope, there's a demand?
We can charge this number.
They're going to pay full out of it.
Okay, inflation probably comes down a little bit, but this is just because there's just too much demand.
It's, it's.
You're talking about Florida or nationally?
We're talking nationally.
These are national numbers, but really, if you go to most parts of the country, it's a similar story.
There's just too much damn demand, and we don't have enough supply on the market.
Well, let me ask you this because this is something that in Jersey City and Brooklyn, where I came from, like, I never understood.
And then it was Brooklyn, like me.
Nice, man.
What part?
Bensonhurst.
Nice, man.
What's 2nd Avenue P?
Graves End.
Wait a minute.
Did you go to PS177?
No, no, no, no.
I went to the school right there on Day Hill and Avenue P, West 1st.
No, I was on West 7th.
St. Simon and Jude in New Jersey.
Okay, I got you.
Remember when we were chilling Granada Hills magazine?
Where'd you go to high school again?
Glenn Dyson.
1.8 GPA.
Me too, bro.
So this is what I don't understand.
And it was explained to me as REITs were the problem because there are entire blocks.
There are entire blocks that stay empty for years.
And the rents never come down.
So everybody heard a year ago, two years ago, New York's dead.
Go move to New York.
Everybody's leaving.
The rents have not gone down.
So they package these things.
And it's okay for them to lose money because apparently, this is apparently the scam that they do.
There's like three parts of the scam.
All right.
Well, it's completely legal, but it's a scam.
The first thing that they do, you're only allowed a 3% raise in rent year over year.
So what they'll do is they'll make the rent $2,500, but give you three months free.
So you're paying $1,900, and then the rent goes up after a year to $26.
Then they take the first two floors of these luxury high-rises and they section 8 them.
So people are getting it on government dime.
They're spending $800 for these $2,500 apartments.
Then it's prepaid for by the government, apparently, Section 8.
And then the rest of it, they package together like Bezuto and all these other real estate firms that run these.
They package it together and then they sell it on the back end as a REIT.
So, and that REIT apparently is X amount of units times X amount of average rent per month, whether they rent it or not.
Yeah, but this is invitation homes.
These are single-family homes that they own and that they're renting out.
These are real numbers.
Okay.
This is not a scam.
Invitation Homes is the largest landlord in the United States, and these are all single-family homes.
So they're very representative of what's really going on in the world.
So why is rent staying stagnant?
It's not.
It's going up 14%.
But why there's nobody buying homes?
People are buying homes.
There's a ton of people buying homes.
In fact, when you look at the numbers, you have to be careful.
Like the Mortgage Bankers Association last week, they come out with this story that got so many headlines and it said purchase applications year over year are down 18%.
First of all, 18% from a feverish pace.
Secondarily, what they don't do, and this is why you got to be careful with statistics, and you have to go deep.
Most people don't.
When you take a look at the numbers, mortgage applications means you took out a mortgage to buy a home.
Well, what about people that paid cash?
A year ago, 16% of individuals paid cash.
The recent numbers, it's almost 24%.
So there is a drop, but it's not 18%, it's 9%.
But inventory is 20% less.
Prices are 16% higher.
There's less available.
So yes, there are going to be less transactions happening, but these are off of very, very high numbers.
You have to differentiate real estate in two parts.
One is real estate, the driver of GDP and how many transactions are generated.
And then there's real estate.
If I buy a home, will I make money on it or lose money on it?
If I make money or lose money on it right now, it's difficult to buy a home.
It's a lousy time to buy a home, but if you do it, the benefits are really, really great.
And then you have to think about the alternative.
Why is it lousy to buy a home right now?
It's awful to buy a home right now because you have to likely bid over asking price.
You have a very difficult time because of lack of inventory.
Sellers are going to dictate terms, and oftentimes, but it's kind of like, look, it also sucks to diet.
It also sucks to work out sometimes.
But you do it because the benefits are good.
And when you think about this, this is not about perfect.
It's about choice.
Where am I going to live?
Am I going to live in a home that I own or am I going to live at a home?
What is the opposing argument to what you just said?
So play the devil's advocate.
Argue your own argument and your own world.
You're in your world.
How do you argue what you just said?
It's very difficult to argue against it if you understand the numbers because if I believe that the housing are common arguments.
What are the common arguments?
The argument is home prices are going to drop because they went up.
Okay.
So I'll stay safe renting.
I'll stay safe renting.
And this way I'll be in a position where if home prices drop, I benefited by that, right?
So renting is not the same as on the sidelines because you're still paying to put a roof over your head, whereas that could be giving you some of that towards principal.
And then the question is appreciation, right?
So it's hard to argue against it once you start to see what the facts are.
If you believe there's a housing crash and a housing bubble, then you certainly shouldn't purchase a home.
I don't believe that.
I think that home prices are going to be driven higher.
So you're saying the Fed is lying to us.
The Fed is lying to us.
And it's very interesting because the number that almost everybody throws out there is how much is the Fed buying in mortgage-backed securities to keep rates low?
And they say $40 billion a month.
That's a month.
That's complete bullshit.
That's somewhat like the government to lie to us, though.
Are you sure?
Yeah, I know, right?
So here's the truth of it: they're buying more than $100 billion a month, which is an incredible number.
Now, last year, they said they were going to buy, starting March, $40 billion in mortgage-backed securities.
So if you take starting in March, that would be 10 months, right?
So that'd be $400 billion.
How much they bought?
$2 trillion.
They bought 50% of the marketplace.
Now, this year, they say they're buying $40 billion.
That's all you see, $40 billion, $40 billion.
They changed the language in the Fed statement very lightly to say, oh, at least.
But it's over $100 billion that they're buying.
This year, for the first six months, they bought $682 billion.
If it would have been the real, if they would have been telling us $40 billion and done that, that's only $240 billion.
So the thing that they're not talking about is the reinvestment.
In other words, they're holding $4 trillion of mortgage-backed securities as somebody refinances or sells their home.
Instead of taking that money in, they're taking the same money and buying back.
And they say, we're not going to count that.
I was like, isn't that a ridiculous argument?
That's like saying, don't count my food consumption in GDP because I'm just replacing it.
If my phone breaks and I buy a new one, don't count that at GDP.
Don't count that as a sale because I'm just replacing it.
That's a BS argument.
They're buying an enormous, they're buying 40% of the mortgage market right now, 40% of the mortgage market.
So all this talk about tapering and is that going to destroy housing?
If they taper, it's not going to be on reinvestment.
They're not going to touch that.
So if they say the new purchases of 40, if they cut it to 30 or 25, that's tiny.
It's very, very small.
It's not going to impact.
Perry, let me ask you, break this down.
This is like the macroeconomics of real estate, and that's great.
How does this affect the person that's maybe considering buying a house?
The bottom line is rates are going to fluctuate, certainly, but they're not going to go way up there.
In fact, I believe that rates will probably head lower because the stimulus that we've seen, it wears off.
We know this factually.
Stimulus, it gives you a big boost.
It causes a little inflation.
It causes economic activity.
But then what's left behind is the debt.
And that debt has to be serviced and paid.
And that slows down the economy.
We've seen it everywhere in the world, everywhere through time.
And when you see the debt weigh on the economy, it drives interest rates lower.
I think that the time is going to be a lot of money.
And we live in a world of perpetual stimulus, though, man.
I mean, that's the.
Well, that's the thing.
There's already a little bit of pushback on the additional stimulus that's going out there.
But you're right.
That's the other argument: do we continue to see that stimulus?
And does that eventually cause inflation?
Are they considering another stimulus?
Because all I hear is always, baby.
They're bowling on another way to take your money and put it in their pockets.
But the big thing on the agenda is the infrastructure bill right now.
I'm not hearing a lot about it.
What do you think that is?
What do you think that is?
But when you look at the checks, it's to people's pockets.
It's human infrastructure.
When you look at the infrastructure bill, there's a lot of aspects of it on the second phase that they want to do, which aren't necessarily approaching.
It's a infrastructure.
It is $20 million.
$8 trillion.
Well, the balance sheet for the Fed is $8 trillion, which is an insane amount of money.
But the levels of stimulus that we've seen are incredible.
In 2020, you had $2.8 trillion in March and April.
And then you had December was $900 billion, and then another $1.9 trillion.
In March is another $2.8 trillion.
It's insane the amount of money that's.
What do you do with the lenders, man?
Like, I'm in the market right now, and they want no matter what, 20% down.
And they're telling me I don't know.
I don't want to go down.
I got a lapse in income.
And I'm like, yeah, I have a lapse in income.
A lot of people.
COVID.
Like everybody has a lapse in the bank.
No, by the way, a lot of people think that they want 20% down.
That's a common thing that people believe, but it's not true.
You can purchase a home with 5%, with 3%, 3.5% down.
There's plenty of programs available.
Is that an FHA loan?
What is that?
FHA will do that, but also just conventional loans.
You can deal with 3% or 5% after that.
So what should Gerard do?
In my humble opinion, Gerard, you want to try and be careful on the purchase.
I know it's not easy, but I would definitely purchase a home you don't need 20% down.
And I think that you'll do well with that over time.
I really do.
It depends.
Look, if you're going to be buying a home and then selling it a year from now, that's very risky.
But if you're saying, like most people, I'm going to buy this home, I'm going to live there for eight or nine years, you'll probably do really, really well.
So residents, forget investing.
That's basically.
No, I wouldn't say investing in.
You don't forget investing.
What do you mean?
So from what, if I can kind of distill what you're saying is like, okay, if you're looking for a residential purchase, now's as good a time as you'll get.
But if you're looking for an investment purchase, you should probably kick the can.
No, I think that an investment purchase is also a good idea as well.
I mean, again, you have to be careful about that, but there's a very good probability that the value over time will continue to do pretty well.
As a realtor, would you ever tell me there's a bad time to buy a house?
Yeah, no.
Listen, when we were the right question.
That's the right question.
Okay, so you could pull up my clips on CNBC.
I used to get hate mail because I said to people, do not buy a home in 2007.
This is a risky time.
In fact, I sold my company because I did not believe the market just didn't make sense.
But that was a time where we had demand was waning because 33 years before that, you had abortions were legalized, less first-time homebuyers coming in, and builders in 2006 built more homes than they ever built.
They built 2 million homes.
So it's the opposite of today.
You had too much demand, too much supply, rather, not enough demand.
It was troublesome.
Plus, one person was buying more than one home on average, whereas today it looks like a bad thing.
The biggest thing you said on the last time, just so everybody knows here, you know, Barry, for some who don't know, you're three-time Zillow, what is it called?
The golden ball, what is it?
Not the golden ball.
That's a different.
That's a Vegas.
That's Vivid.
This is different.
This is Vegas.
Sell real estate.
Crystal Ball.
Golden Ball.
There you go.
That's a wrong convention.
That's the wrong convention, buddy.
That's Vegas Convention Vivid.
That's Golden Ball.
This is Crystal Ball predicting what's going to happen to real estate.
The bullet door.
But one of the things he said last time, the difference between 0708 and today is inventory.
We had 3.8, I think the number 100.
3.7.7 million with 116 million houses.
That's insane to think about versus today.
It's only what do we have right now?
More than a million.
A million thousand.2 right now.
Yeah, supply and demand, Gerard.
That's big supply.
But hold on, now you've got 130 million.
So you've got almost 14 million more households with almost 3 million less homes for them to buy.
So statistically, it's different data that says if I'm a realtor and I'm in that business, that's the argument I'd be telling every client I'm selling a house to.
If you think this is a bubble, 3.7 million inventory in 2007, 2008 versus today's $1,040,000 to $1,002, depending on what month you're on.
But let's talk about something that really matters.
This is a heartfelt story here that's going to affect a lot of people out there.
And I want people to brace for impact.
Bacon may disappear in California as pig rules take effect.
Okay, so this is a little bit emotional for some people out there.
It is suck.
It definitely does suck.
This is an Associated Press story.
At the beginning of next year, California will begin enforcing an animal welfare proposition, approved overwhelmingly by voters in 2018 that requires more space for breeding pigs, egg-laying chickens, and veal calves.
National veal and egg producers are optimistic they can meet the new standards, but only 4% of hawk operations now comply with the new rules.
Unless the courts intervene or the state temporarily allows non-compliant meat to be sold in the state, California will lose almost all of its pork supply, much of which comes from Iowa, with little time left to build new facilities.
Incinet sows and process the offspring by January, it's hard to see that the pork industry can adequately supply California, which consumes roughly 15% of all pork produced in the country.
15% of all pork produced in California.
California's restaurants and groceries use 255 million pounds of pork per month, but its farms only produce 45 million pounds a month.
If half the pork supply was suddenly lost in California, bacon prices could jump 60%, meaning a $6 package could rise to nearly $10.
Adam, I'm going to go to you because I know this is a little bit more closer to you.
So what do you think about this?
As a Jew who loves bacon, this is disastrous stuff.
That's why I was.
Thank God I live in the free state of Florida and don't have to deal with this California BS.
But something to tell my bacon eaters out there: check out turkey bacon.
I'm about to do a commercial for turkey bacon.
I eat turkey bacon.
It's healthier.
It's not as good.
Turkeys don't have butts.
Where's that bacon come from?
I don't know.
But I know you like big butts and you cannot lie, Gerard.
But I don't know.
By the way, on a serious note, if you run a restaurant, if you're in California, if you run a grocery and you're accustomed to needing about 255 million pounds of pork a month, and now it's only produced on 45 million pounds?
I don't think this changes behavior.
I think just people pay it, and all you're doing is make it more expensive.
So you think it's going to go up 60%?
I think it just goes up.
I think it just goes.
I think people pay it.
At some point, you're going to be able to get it.
Because they're not getting the bacon.
But think about it for a full pack of bacon.
So what is it going to be incrementally if you want it on your sandwich?
Okay.
Extra bucket to it.
I mean, what's going to cost you an extra dollar?
So I'm going to pay an extra dollar is what that must happen.
I'm going to get that money, babe.
I don't know.
Look, man, look, California is just turning into like a foreign universe to me, man.
Southern California needs to break off, do its own thing.
I believe in a volunteer society anyway.
If they want to go have like this, you know, vegan, utopia, communist thing that they go have it.
Just take it.
But you can't be serious.
Break off.
What do you mean by that?
What does that mean?
What does that mean, Jerome?
Go for it, man.
So they're not a state anymore?
Go for it.
They don't get all of California.
They don't get all of it.
But they look, man.
You want to take care of it?
Are you talking about Chaz in Seattle?
What are you talking about?
Go for it, guys.
Show the rest of us that you're smarter.
Do it.
Do it.
Make your citizens happy.
Show the rest of the people.
Go.
Show us.
Show us.
Go put together the San Andreas conference.
Are you a bacon guy?
Bacon, Oh, come on.
Bacon.
TV, are you a bacon guy?
I knew the Nation of Islam had taken over.
I will eat it, but I'm not really.
You're not a bacon guy.
I mean, I'll eat it.
Dylan loves bacon, so I will eat it just because Dylan likes bacon.
So we'll sit there and have bacon together.
Bacon, egg, and cheese on a Sunday morning after a night outcome.
I'm good with that.
I'm good with that.
So that's the base story.
That is a very heartwarming story.
Brace for Impact.
Yeah, I wanted to share that because I know you were interested in that.
By the way, Sama bin Laden's family abandoned their Bel Air estate list for $28 million.
Have you guys seen this house?
Yeah, you know.
Pat, pull up this house.
By the way, if you would have thought, matter of fact, before you pull it up, I got a question for you.
If you would have thought the name Osama bin Laden and an estate in Bel Air, what color would you guess this house wouldn't be?
White.
White?
What color would you say?
There's no way in the world Osama bin Laden bought a Bel Air estate and the color is pink.
Pull up the house.
This is the house.
Type in Osama bin Laden, House Biller.
Kai.
Oh, my God.
You interviewed his niece.
I did.
Newer.
Matter of fact, we were texting yesterday.
Yes.
She works.
She's.
Kai.
In the future, you could just have these tabs ready and go right to them.
I'm just saying.
Right there.
Click on that.
Click on that.
He normally does, but this one.
John Cougar.
By the way, shout out to Kai's new haircut.
Has anyone seen him?
He's too good looking.
Can you control F and make it bigger, Kai?
It's important for people to see what this house looks like.
There it is, pink.
I was right.
That's a $28 million house.
$28 million house.
John Cougar.
If you got to be a whole background.
If you're thinking about it, it's Adam, not a bad idea for you.
It looks like the bomb good in California.
But, you know, as I started reading this story, I'm like, hold on, what?
There's bin Ladens that live in America.
This seems really good.
By the way, let me read this whole story so people get the idea.
Osama bin Laden's brother, Ibrahim bin Laden, has listed his longtime Biller mansion for whopping $28 million.
Ibrahim, who's an older half-brother of the late terrorist, has owned the property for nearly four decades.
This is a New York Post story since 1983.
Ibrahim purchased a Mediterranean villa-style mansion for $1.653 million in 1983, what would be roughly $5.5 million after counting for 38 years of inflation.
But according to the listing, he hasn't occupied the home since 9/11 attacks.
Like Osama, Ibrahim was one of 56 children born to the Saudi Arabian construction tycoon, Mohammed bin Awad bin Laden.
56?
Yes, he has 22 wives.
Mohamed served as the patriarch of multi-billionaire bin Laden clan, a family with long-standing businesses ties to Al-Saud royals.
Adam, go ahead.
You were saying something.
Yeah, well, look, as I started reading this story, the beginning of it, I was like, hold on, what the hell are you talking about?
Osama bin Laden has a family that lives here in Bel Air.
What the hell?
Like, what is going on here?
No shit that he hasn't occupied the home since September 11th.
And then you don't just go with the headlines, you dig a little deeper.
Like you said, you can't.
And I said, all right.
He's got 56 siblings from 22 concubines.
And all right, that makes it a little easier to.
I mean, and I circle back to the interview you did with Noora bin Laden, who I think is a big Trump lady.
It's just, you know how they say the apple doesn't fall from the tree.
Sometimes it does.
I interviewed a guy yesterday.
I can't wait for this interview to go live.
His name is what's his name?
Amin Amin.
And he was a former al-Qaeda member who became an MI6 spy.
Wow.
I mean, it's a fascinating story.
Brilliant guy, genius of a guy, was recruited by Osama bin Laden.
He was there at one of the meetings when Osama bin Laden sold him on the vision of what they were going to be doing.
He was part of the camp.
He worked with them.
He was a person.
He says, Osama bin Laden came up and he says, Listen, you obviously don't have what it takes to be one of those visionary leaders that people follow.
You just don't have that.
This is what Osama bin Laden told him to him.
I said, why would he say that?
He says, because I had glasses on and I was small and I was weak.
And he wanted people that were strong.
I said, okay.
I said, so what did he say you could do?
He says, well, he knew I was very well read.
He says, I think you can make bombs for us.
So he said, they taught me how to make bombs.
That's the story.
And he became an MI6 spy for UK, telling on everything he learned working with Odyssey.
It's pretty incredible that they kept the last name.
Like, I feel like if somebody in your family does something that atrocious, I think you just got to go ahead and do it.
Well, you know, Pablo Escobar's son and his wife changed their last name and they went and lived in Argentina.
Pablo Escobar's son's name is Pablo Escobar, but he changed his name to Sebastian Maroquin.
You're going to have to switch that one up.
You're going to have to switch that one up.
Yeah, I was thinking about that.
There's not too many made offs from the UK anymore.
Or Hitlers.
Not a lot of Stalins out there.
It's probably not a name you want to.
Yeah, that kind of does make sense tomorrow.
I think about it.
You know, phenomenal point you just made right there.
So my dad tells me, I said, Dad, so why don't you guys name me Sasha?
I said, my mom wanted to name me Sasha.
Why did that idea come about?
And she said, you ever seen the movie Dr. Zhivago?
And in Dr. Zhivago, the communist was Sasha.
My dad said, Never in a million years will I name my son after a communist.
He named me Patrick.
Although most people in the military told me, you know, your real name's not Patrick.
You look more like a Mohammed than a Patrick.
No.
Yeah.
I said, I'm telling you, it's Patrick.
They said, you're lying to us.
Did you get a lot of hate in the military?
Of course I did.
Being a Middle Eastern.
But you have to learn to troll back and play with them instead of being sensitive about it.
It's a great game made right there.
So, okay, let's continue.
Let's continue.
Let's continue.
Okay, next story.
Wikipedia.
Should you trust them?
How many of us go and look at Wikipedia?
You know, let me see the Wikipedia for whatever may be.
So the founder of Wikipedia said nobody should trust Wikipedia.
Says founder Larry Sanger says site has been taken over by left-wing volunteers who write off sources that don't fit their agenda as fake news.
Wikipedia can no longer be trusted as a source of unbiased information inside.
The online encyclopedia, left-leaning volunteers, can cut out any news that doesn't fit their agenda.
According to the founder, Larry Singer, co-founder of Wikipedia in 2001, alongside with Jimmy Wells, said the crowdsourcing project has betrayed its original mission by reflecting the views of the establishment.
He said he agreed with the assessment that the team of Democratic-leaning voters, volunteers, remove content that isn't to their liking, including information about scandals linked to Joe Biden and his son Hunter.
When asked if Wikipedia can be trusted, he replied, You can trust it to give a reliably established point of view on pretty much everything.
Okay, that's his comment.
How many guys actually use Wikipedia?
I actually use Wikipedia.
I do, I do.
Yeah, I use Wikipedia.
I think it's a decent place to go to see what they have to say.
I don't know about how much of the stuff they take off, but I think a lot of people are.
But I don't use it for any political reasons.
I just look at it for who was so-and-so.
It's kind of like lies of old mission, or they're running like PR for certain people and certain things, and it is constantly updated.
You can throw snopes in the same thing in that.
You can throw the Facebook fact checkers in there.
It's all, you know, I get a strike against me on Facebook every full moon.
So like two weeks, I get a strike against me on Facebook.
And then I go in and I see which fact checker says that I broke some sort of rule.
And almost 100% of the time, it's somebody that doesn't exist in real life.
They come from Beijing mostly.
And you could follow them.
You click in.
You got to have no time on your hands like I do.
And you go in and you click and you say, okay, who did this?
They show you who it is.
And then you look at the articles that they've written and everything like that.
And it's like, it's straight out of the CCP.
Straight out of it.
It's straight propaganda.
Well, I have a question on this Wikipedia because this is the first thing that came to mind.
Left-leaning volunteers.
That's what the article says, right?
So they're not paying people.
Oh, no, no volunteers.
All writers are volunteers.
All volunteers.
100%.
So if you're concerned that it's too left-leaning, get some right-leaning volunteers.
There's a system for it, but there's a system for it.
Is there?
Tell me.
Yeah, there's a system for who has enough scoring to be able to write.
And, you know, typically people who are unemployed have more time to write than those who are unemployed.
Is this going to make you distrust going on Wikipedia?
Like, I'm still going to get it.
Like, let me ask you a question.
Do you have time to work for Wikipedia and write stuff on them?
Of course not.
Do you have time to go up there and help them write?
I got all the time.
Gerard, how you doing, man?
You're going to go help them write stuff up?
No, man.
I'm here to fight the culture or after I get off of work with you at 11.
I'll go write.
Typically, whoever has the most time can write a lot of them.
But you know, it is scary, though.
It is scary to think about a resource that a lot of us use and depend on could be slanted like that.
Where it's revisionist, where they will remove or edit things just history in a nutshell?
Yes.
So whoever wins the war, this is the new religion.
Writes the history.
This is the new religion, Adam.
I'm telling you.
Just like not new, though, is my point.
No, no, no.
This leftist religion that this is taking over the Judeo-Christian perspective that we all grew up in.
But you're right.
It's not new, but it is much more able to be reached by everyone so quickly.
You know, it can have much more of a dramatic and immediate impact.
So it's much more powerful than it used to be because On their phone or whatever, and seconds go there.
But this circles back to what Pat said before.
It's one thing to put that there, and that's fine.
You have your perspective, no problem.
The problem becomes when you start silencing or suppressing or banning any counter perspective.
That's the issue.
That's the hard line in the sand.
That's this whole, like we talked about oftentimes.
Well, it's both sides.
It's both sides.
Yes, it is to a degree, except in application, right?
Because right now, if you have a counter perspective to the establishment, they will silence you.
They will digitally throw you in a gulag.
They will take your page down.
They will suppress your views.
They will shadow ban you.
They will do everything they possibly can to limit your ability to expose your perspective to the masses while amplifying the perspective that they want to promote.
But this goes back to Pat's point that if he ever ran a school, the Academy, Vault Academy, you would have two teachers.
I'd never have a leading teacher.
Left-leaning teacher and a right-leaning teacher.
You two would be teachers for me.
You guys would be teaching one class.
Oh, wow.
Because what would happen?
No, because think about it.
First of all, you like each other.
You guys go party together and you get numbers of girls you already numbers have.
That's what you guys do.
And you spend $1,000 at bars.
By the way, why don't you announce what bar you're going to be this week so people can show up?
Because apparently you're buying for everybody.
Give it to South Wednesday.
What night?
Shout out to Bodega.
Give the nights.
Eight nights a week.
Me and the Beatles.
Hey.
Saturday night.
Every night a week.
Saturday night.
I'm actually going to be sleeping in Saturday because some of us are going to Vegas this weekend.
Well, aren't you going to Vegas?
This guy's doing the biggest party of his life.
What?
What's going on right now?
No, no, no.
We're going to Vegas.
That's right.
Nikki Jam.
We got Sebastian Manascalco.
We got Mario Lopez.
We'll be hosting.
Mike Tyson, Frederick DeSilva, all next week.
What's your favorite Nikki Jam song?
It's the main one.
What's the one?
It's X.
It's the main one.
That's it.
Yeah, that one, that's the main song.
DVD?
Gets you going when you listen to his show.
Okay, I just saw Sebastian's new show.
It's really good.
Sebastian's a flippin stud.
You know why?
Because the guy is, he comes across as a guy that's an introvert, quiet to himself.
He kind of wants to be left alone.
The guy's got strong opinions, and he's an absolute genius of a guy.
His brain, you can see, goes a million miles an hour.
Can I give a shout-out to a friend?
Is that okay?
Sure.
Okay.
If you guys want, if you like Sebastian Manascalco, I got a buddy of mine that's in the New York comedy scene back home.
And his name is Jason Scoop.
And he does the single greatest Sebastian Maniscalco impression of all time.
Wow.
Of all time.
Check out Jason Spook.
Jason Scoop.
Yeah, S-C-O-O-P.
If you go to the channel, check him out on TikTok or Instagram.
You'll love his Trump and you'll love his impressionist.
While we're giving shout-outs, can I give a quick shout-out?
No, no more.
Limit out.
I'm doing it.
I'm doing it.
Limit.
I'm doing it.
I don't care.
You're a grandma.
Go ahead.
Grandma, I love you.
I'm giving a shout-out to someone that's very beloved to all of us.
It's her birthday, Miss Nancy Trance.
Hey!
Okay, she's here in the office.
Happy birthday.
That's our girl.
By the way, it was George Palayo's birthday.
It was Chris Phelps' birthday, and it's Rodolfo Vargas' birthday.
So happy.
It's last week.
They all have birthdays around the same time.
Dinkin turned 50.
Well, we can't give a shout out to him because it's a little bit.
Shout out to Nancy.
He wants no one to know he turned 50, and you just told people he turned 50.
Greg thinks.
Greg just turned 41.
There's the truth.
Okay, let's continue.
Let's continue.
Let's continue.
All right.
So, Trump story comes out, man.
Apparently, this guy's running.
Trump is moving forward with a 2024 presidential run in a real way and is meeting with the cabinet members at his New Jersey golf club.
Former chief of staff says, page eight.
I know, Adam, you're fully surprised that he's running.
This is a business insider story.
Former President Donald Trump met with the cabinet members at Trump National Golf Club in Bedminster, New Jersey, to discuss his political future.
According to his former chief of staff, Mark Meadows.
Meadows, a loyal ally to the former president, further teased the potential Trump run.
The meeting revolved around what does come next.
Meadows says, I'm not authorized to speak on behalf of the president, but I can tell you this.
Meadows said, We wouldn't be meeting tonight if we weren't making plans to move forward in a real way.
With President Trump at the head of the ticket, the former president has confirmed that another presidential run is a real possibility.
In April, he said that he is 100% thinking about running again.
I don't know if he said he's 100% thinking about running again.
I think Sean Hannity asked, Have you already made up your mind what you want to do?
He says, I've already made up my mind what I'm going to do.
But he didn't say what that meant.
So, having said that, are you still on the same place?
He's running.
I've said it since 100%.
I believe nothing's changing your mind.
Listen, I have a rule of thumb that I've lived by for the past year.
Whatever Tom Zenner says, whatever prediction, go the opposite route.
He predicted Trump's not running.
He's running.
He predicted Yannis would never win.
He predicted 100%.
Valuetainment Sports is actually doing good.
Yeah, I actually enjoy on Valettain Sports.
Predictions, but Tom is actually he actually, the last podcast I did with Tom on the sports channel, he asked me to do it, and I appreciate it.
Thanks, Tom.
He actually said, No, no, no, that Milwaukee never won.
They didn't win.
Yannis, I'm like, What are you talking about?
He goes, No, no, you know, I didn't really win.
What world do we live in in here?
So, anyway, I do 100% think that Trump is going to run.
I think he's running.
I do.
I think he's prepared to run.
He's going to run.
Oh, man.
Now, here's the question: He's going to run.
Does he get primaried?
Do they run?
Nobody's beating him in the Republican Party.
But do they?
He's holding the party hostage.
Nobody's doing it.
No, wait a minute.
I think there's a couple of good possibilities, whether they run or not.
People are going to want to position themselves as the anti-give me someone who actually in the Republican Party can beat Trump.
How about DeSantis?
Zero.
How about DeSantis?
He'll be his VP.
So you think that's a good idea.
By the way, the other day, I'm outside playing with the kids.
A yacht comes by.
Huge Biden flag.
Could you imagine?
It was a flag that said Trump DeSantis 2024.
It said, I actually heard something that they can't run together.
Tell me, you're the person who's going to be.
Why don't they run together?
Because they are both domiciled in Florida.
And apparently, look this up, fact-check it.
You can't run if you're both from the same state.
I don't know if that's right.
Chumper just changed his residency to New York.
Or – Sure, or whatever.
I'm just saying.
You can actually argue the same ticket from the same state.
That's what I understand.
Yeah, maybe.
That actually might be true.
But John's going to go back to New York and deal with the taxes.
That's a clerical issue, man.
I mean, that's.
I still think he's running, whether it's DeSantis.
Well, let me tell you, did you guys hear the story?
I hope he doesn't.
The Santis ain't beating Trump.
He's not trying to get it.
He picked up the article I just sent you from The Hill.
Did you guys hear the story about Megan McCain and what she said about DeSantis and Kamala?
Did you hear those comments?
No.
Did you hear about it?
So, did you hear about it or no?
Megan McCain yesterday was asked about what would happen because they're already thinking.
PBD is a big View fan, by the way, for people that don't know.
Big diehard.
So Megan McCain said she was asked about the idea of what would happen if Kamala Harris was to replace Biden, which that's kind of how the conversation was going.
Kai, did you get the story I just sent you?
Kamala Harris.
If Kamala Harris were to replace Biden, could DeSantis beat Kamala Harris in a debate?
So she is lobbying for who?
DeSantis, right?
If you can mute that guy, if you can.
Megan McCain is a DeSantis.
Okay, go lower, go lower, go lower, go lower.
So Harris's approval rating, LinkedIn Immigration stance, the co-host reacts to several polls that found Vice President Kamala Harris has the lowest approval rating of any president, vice president, since the 70s.
Lowest ever.
I know you're fully surprised by it, but it's the lowest.
No, I'm not.
Why are you not surprised by it?
I just don't think she's that great.
She got smoked in the primary by her own change, man.
She made history by being the first federal.
But she did make history.
Yeah, that is true.
You're not impressed by her as a VP?
I'm not that impressed.
No.
Why do Democrats even bother with primaries at this point?
Like, they just rig them for who they want anyway.
Just tell us who it is.
Like, why are you doing that?
Megan McCain on my own.
All rigged.
Megan McCain on Monday predicted that Florida Governor DeSantis would put Vice President Kamala Harris in the ground if they were to face off against each other in a presidential election.
I think she stumbled when she was running for president.
She dropped out before Iowa.
She was a very early dropout.
She wasn't resonating with voters way before President Biden was elected, McCain said, acknowledging that she could not be unbiased due to being a Republican.
Okay, so there you have it.
I don't know.
Herder.
McCain criticized Harris's approach to immigration crisis that she's been tasking without handling, pointing out that she laughed off questions about visiting the border.
Her laugh has become a way for people to take hits at her because it's uncomfortable to watch.
It's uncomfortable to answer.
And she, I always thought she needed more media training than she had.
The problem with Democrats going into 2024 is if President Biden chooses not to run for re-election, she's just not going to be a strong enough candidate to run for president.
Ron DeSantis would put her in the ground.
I mean, it would be an election for Republicans.
Republicans would love nothing more than to run against Vice President Kamal.
Do you agree with her?
How much longer can they go to the you're a racist or a sexist if you don't vote for me, Warchest?
We've got, what, 12, 16 years of this?
Do you think they can make a 20-year run on it?
I mean, there's still, if mid-years becomes as catastrophic as a lot of people think it's going to be, midterms, not mid-year.
If mid-terms becomes as catastrophic as a lot of people predict it's going to be, it's going to be very hard if she is the frontrunner to win.
But here's the other question for you.
Complete change it up.
Megan McCain, can you see her ever doing anything with politics?
No.
You can't?
I can because she's got name recognition, but I don't think she would.
Would she do anything other than Liz Cheney?
Just walk in under the establishment banner and I kind of like the way she handles herself on when she's I mean, you're on a show.
By the way, the best training you get.
She plays away games.
Yeah.
Oh, every day.
Are you kidding me?
Every day sitting across those people at the table getting destroyed and you're the one that you know they're going to come after you, you're going to get stronger.
It's just, that's what's going to happen.
Your argument's going to get stronger.
Yes, you may understand their argument a little bit more, but your argument's going to get strong.
So I think Megan's got, you know, she has a potential of doing something long term.
I don't know if she wants to live that life or not.
I just think she's got a lot of people.
I just wonder if media training is a way to say, don't tell people what you really believe.
Do what you really believe, but don't say it publicly, which is terrible.
One of the points is a terrible way to think.
Do not come.
Don't do it.
Do not come.
That became a meme.
I'm going to come.
I'm going to come.
That became a meme for a lot of people, man.
You guys said it.
President of the United States.
Do not come.
Okay.
Next story.
What story do we want to go to, guys?
Pick a story.
McDonald's earnings be driven by new chicken sandwich and promotion with K-pop band.
Fried chicken.
If you want to pull it up, Kai, pull up the story there on the screen so people can see it.
So McDonald's, this was a model they did, I think, last year sometime as well, that was very successful for them.
McDonald's report on Wednesday that the Chains Krispy Chicken Sandwich helped U.S. same store sales outpace 2019 levels by double digits.
U.S. same-store sales climbed 25.9% in the quarter and 14.9% on a two-year basis.
The company credited strong sales to its new chicken sandwich, which launched in February, and its famous orders, promotion with K-pops, group ETS, which includes an order of McNuggets and special sauces.
The fast food giant reported fiscal second quarter net income of $2.222 billion, $2.22 billion, or $2.95 per share up from $483 million or $0.65 per share.
CEO Chris Kemzhinski told analysts that 70% of McDonald's U.S. dining rooms have been reopened.
If a COVID-19 resurgence doesn't occur, all of its U.S. footprints should have open dining rooms by Labor Day.
Gerard, thoughts on this story?
Yeah, it goes back to in our creative, right?
In creative, we spend so much time trying to be unique and original and come up with a concept that nobody's ever came up with.
And at the end of the day, there's only seven stories.
And all you can do is tell one of those stories that's been told a million times your way.
So instead, McDonald's, the Harvard graduates, they were like, you know what's really popular?
The Popeye's chicken sandwich.
Let's do that.
That's what they did.
You know what I mean?
The war was like Popeyes and Wendy's, and now they're jumping into it.
Yeah, they were like, yeah, we're McDonald's.
Let's just do that.
They made a Popeye's chicken sandwich.
They made it for like a buck less.
And it's all right.
I mean, it's pretty good.
What I want, and for all the entrepreneurs out there, you get this one for free.
Give me like 1% and let me be the spokesperson of this, all right?
Why can't we have like a cauliflower-based like crouton cone, like an ice cream cone that you could put the salad inside the cone so we can eat healthy on the go?
Like I've always thought, like seaweed wrap or something like that, like you have like the sushi, dude.
You lost me at cauliflower.
No, but instead of the carbs, bro, it's no carbs.
So it's like think like an ice cream cone and then you put the dressing in there.
Matter of fact, I'm going to go have it today.
I want to have the cauliflower.
Tomato's not the best cauliflower.
It actually cauliflower costs are pretty good.
I just think healthy on the go, man.
I thought you were going somewhere totally different with the story.
Did you want to do something different?
I thought you're talking about Popeye chicken sandwiches.
I just lost you at cauliflower.
This is what an innovative campaign.
Take pop culture icons and make commercials around them.
The fried chicken.
Do you know who BTS is?
Do you know who BTS is?
The K-pop group?
Do you actually know who they are?
Yeah, we looked at the picture, but I don't listen.
They're here.
They're the probably band in the world.
And who did they do before that?
Travis Scott, one of the biggest rappers in the world?
No, they didn't.
They didn't.
Oh, Justin Timberlake.
They did MJ, obviously.
And then they did Bad Bunny.
All they're doing is taking the most famous musicians in the world and being like, I like McDonald's.
That's where I thought you were going with.
Like, what a genius I do.
I do wish that there were laws about marketing, though, where you actually had to show the type of people who eat your stuff, not the type of people you want.
Like, it shouldn't be sexy BTS people.
It should be fat asses.
It should just be Gerard Hungover.
I'm sad.
I'm like, four in the morning.
Just drink all over me.
Barbecue sauce over your face.
Trying to get my nuggets out of the side while I'm driving with the left.
That should be the commercial.
They shouldn't be allowed.
Has there ever been a drunk guy in a beer commercial?
It's always like people playing volleyball, looking sexy and stuff.
It should just be like, you know, hanging out with their pant in their pants watching their eighth hour of NFL Sunday football.
Yeah.
No, that's exactly what I'm doing.
Did you guys get that out of your system?
That was good.
That was a very nice exchange right there with trying to get the job as a McDonald's CMO.
They're probably not going to hire you, Doug.
Maybe they might take that.
But the local burger is looking for a CMO.
Did I ever tell you about my first job ever was as Burger King?
It was in Glendale, California.
And it was my first job.
Bro, I worked at Bally's.
What was your first job?
My first job.
What was your first job, Barry?
I worked at a butcher's store, believe it or not.
Really?
Yeah, I worked at a butcher store.
In Jersey or in Brooklyn, New York.
In Brooklyn, New York.
Yeah, I learned a lot about the meat business.
Very cool.
What was the name of the butcher?
The slogan was, you can beat our prices, but you can't beat our meat.
My father, my father worked in a butcher shop for nine years in Brooklyn.
Yeah.
Fred Terrace was a butcher.
Related to Fred Terrace.
Jersey Brothers here.
So what was your first job?
I was a babysitter.
I was like 12, 13 years old.
I basically had a bad thing.
Were you 12, 13 years old babysitting 18-year-old girls or like what?
What was your first job?
My first job was as a busboy at Laura's Pancake House.
Expanded federal unemployment benefits put in place as emergency measuring during the COVID-19 pandemic are on course to become another long-term welfare trap.
A government fiscal watchdog group warns in a new report.
It has started to look more like welfare, and it has started to look more like welfare and more like another piece of the welfare package.
It's starting to look like a long-term benefits program rather than a short-term temporary supplement.
It was supposed to be.
Ali Fick, a senior research fellow with the Foundation for Government Accountability, said unemployment insurance programs should promote work and reject government dependency.
For example, an individual can receive $3,700 a month or more than $44,000 a year by staying home.
The report continues: on top of tax credits, food stamps, and state unemployment benefits, an individual can receive an additional $1,300 a month with the $300 weekly unemployment bonuses.
Are you kidding me?
That's $60K a year to stay home and not do anything.
Yeah.
Yeah, it's you want to be humanitarian.
You want to be sensitive.
And there are people that want to go back to work, but they have childcare issues and there's still some COVID issues out there.
But there's a lot of people that'll come back to work if you stop the, you know, a lot of people want to stay home because, listen, let's face it, if you're getting paid to stay home, a lot of people are going to do that.
If you're one of those people out there doing this, okay, I totally get it.
The government is taking all of our money and putting it in their pockets.
Get yours.
I get it.
But be careful.
Don't stay out too long, man.
If you stay out too long and you lose your edge, the marketplace is going to pass you by.
Well, there's a few things that are going on already.
To your point, you know, Amazon's already coming up with robotics and artificial intelligence because they're not waiting for people to come back.
In addition to that, you've got a lot of individuals that, if you've ever watched somebody that stayed out and then come back in, it's tough to catch up because technology changes and evolves so quickly.
So to your point about losing your edge, the edge that even if you have an edge individually, you've got a lot of catch-up work to do because technology is constantly changing.
So even six months is a long time to stay out.
All three of you hire, and I don't.
When you look at somebody, they've been out for a year and a half.
Do you say no?
Do you say this is what's the reason why?
This is not the person for us.
What do you see when there's an 18-month lapse in the resume?
So there's four qualities I look for when I hire people.
It seems to work.
It's attitude, aptitude, initiative, and a sense of urgency.
So if you have all four of those, I could teach you the rest.
But attitude is really, really important.
Initiative.
So if somebody's staying home, that definitely doesn't count in the initiative.
A sense of urgency.
That's another one that doesn't really help.
So I think if you have those four qualities, then you probably be a really good hire.
Does that sense of urgency ring a bell?
Oh, my gosh.
John Cotter, eight keys to leading change.
Absolutely.
That's number one.
That's number one.
Absolutely.
Sense of urgency is very hard to win.
Can you ask a question?
Just to follow up.
Just real quick.
So if somebody was out, they took the full 18 months, they took the full two years.
Yeah.
Is that a red flag for you on the resume?
Like, straight up?
Is it?
Absolutely.
Yes, it is.
Absolutely.
Yeah, by the way, you know how a lot of people will say things like this.
Listen, I'll give you an example.
We have such a, I've run a company with a lot of different agents nationwide, and you'll have a lot of people that will use excuses.
And listen, all of us may use excuses at certain times of our lives, but some more than others.
There isn't anybody that's 100%, hey, I never made an excuse about anything.
People sometimes have a tendency to take the easy way out.
Some of the guys that we follow and our leaders are people that typically make the least excuses and you admire them.
You say, this guy's freaking going places.
I just want to be able to work with this guy.
If you buy into the vision, when we do interviews and somebody says, you know, there was two years of my resume that you don't see anything, I took those two years off to take care of a friend of mine or an aging parent or this.
So you sit there and what you have to do in that moment, you have to say, what?
Either they're telling the truth or they're not telling the truth, right?
Now, in your mind, there could be an odds thing.
You could say, 80% probably this is BS.
I don't buy it.
80% is you work for a company for two years.
They fired you.
It was so bad, you don't want to put the boss's name on there because you don't want us to make a reference call.
And if we make the reference call, they're going to say, I'd never hire this person.
You don't want to hire this person.
So that happens because sometimes we'll go online and we're still able to find where they work and we'll make the reference call.
And by calling somebody who was their former employer and we'll ask, do you know what job they went to next?
Sometimes they'll say, yeah, you know, he went and left us to go work with XYZ company because they gave him a bigger raise.
Okay, great.
Then you call that off.
Which office was that?
XYZ branch.
Great.
You call them.
Hey, just want to follow up.
A good HR person knows how to do this stuff.
They'll call the place and they'll say, Hey, John, this is Mary giving you a call.
We're checking on, you know, Bob, who I think used to work with you guys, and we're doing a reference call.
Which Bob?
Bob, you know, such and such.
Bob?
Yes.
You sure you want to hire this person?
Well, yeah, they came for an interview.
We like them and we're thinking about they're in the top three.
You want me to be honest with you?
What do you want me to tell you?
Well, of course, we want you to be honest with you.
I would never hire this person.
Let me tell you what this person did.
And then they go, boom, boom, boom, boom.
Now, that's if you get lucky, because a lot of times they couch it.
They want to be very, so you have to read between the lines because they're not always that open and honest.
He's right.
He's right.
But if you just, you can ask questions to say, look, if you had to hire them again, would you?
Zero to 10.
If they say zero, that's all you need to know.
If they say, we would consider it, okay, good.
That's something I can judge for it.
But we would never hire this person.
Usually on those, unless it's somebody who goes out of their way glowing, stay away.
Yeah.
So now.
Because you don't want to hire somebody mediocre anyway, do you?
Now let me flip it.
Now let me flip in the last 18 months.
In the last 18 months, are there some people that lost their jobs?
Yes.
So if I get somebody that tells me, listen, I got to tell you, the last 18 months has been very hard.
Okay, what have you done?
I've had three jobs, but it's been the business has went out of business, and I work four months here, three months here, six months here.
I'm okay with that.
I'm like, listen, you're trying.
You're making an effort.
All good, but we want somebody like that on the team.
Let's make an offer to you.
So we, when you do the interview behind closed doors, those conversations are being had.
So totally agree with you.
By the way, same thing with you.
What you just think about what you said earlier.
You said earlier 20% down payment to buy a house.
Right?
And then you said they said your income isn't to what?
Well, that you had a year lapse of income.
That's exactly the same way we think about it as well.
So your year of lapse of income when underwriter worries about giving you the loan to buy the house, it's the same thing.
An employer wonders why you had a year lapse of no job.
Yeah.
Because that says a lot about how you face adversity as well.
Yeah.
So are you going to say, okay, I've got dealt a bad hand and what was me?
Or are you going to say, I got dealt a bad hand, but here's what I did.
Here's what I did.
Here's what I did to try and overcome that.
Because, you know, failure is not an option for people who are winners.
You know, if you're a winner, if you're determined, then you come up with an obstacle that really shows your character that you can get past.
But to be clear, this was a once in a century.
Nothing like this has ever happened before situation, right?
So, you know, like you can't really, I mean, you can, but you can't really justify holding an 18-month lab.
By the way, in industries, in industry.
So for example, say I run a big restaurant chain.
Hypothetically, I'm Cheesecake Factory.
And I'm hiring a GM and I'm in California.
And you were a GM at Applebee's.
You were a GM at Pickle Restaurant, wherever you were at.
And you've been a GM for 17 years on your resume.
From 2012 to 2019, you've been a waiter, worked your way up to all the way being a GM in 2019.
2020 happens, COVID takes place.
And you're in California.
You're like, dude, what the hell you want me to do?
My industry has been shut down, restaurants, and I'm in California.
You have credibility with me because that's situational.
Of course, every restaurant's been shut down.
But now, if it's a different industry that you could have figured out a way to still work and you're telling me you couldn't have a job, I'm sorry.
I don't give you the credence there.
So I agree.
And by the way, my comments of, you know, you want to try and make it work.
The COVID issue was sod.
I'm saying in general, you know, under normal conditions, when you see those lapses, you know, you want to understand, is this person making excuses or are they trying to find answers?
Very interesting because I, and Pat, you already know this, so I'm not dropping any bombs here.
But I left, I've left one job off my resume my whole life, specifically because I never wanted anybody to call the boss.
And the reason why is this dude, I was in pharma sales, and this dude just was like incredibly aggressive, like Glenn Gary, Glenn Ross.
And he would curse people off, like right in front of everybody, get in the room and just curse everybody off.
And I had exceeded my numbers in the first quarter, and then they raised my numbers, and then I didn't hit my numbers in the second quarter, but I hit what I had done before, and he laid into me in front of everybody.
He was like this close to my face, screaming at me in a room full of 20 people.
And I literally just turned to him and I went, if you don't get out of my face in the next five seconds, every breath you breathe will be a gift, I grant you.
I got fired.
Yeah.
So I've told Pat this, you know what I mean?
And the dude like tried to sit me down.
He was like, bro, that's just unacceptable.
You can't say stuff like that.
I was like, bro, you're screaming in my face right here.
Like, I don't care about a job.
I'm a man first.
I got to tell you something.
I got to tell you something.
So, and maybe this will make sense to you.
You know, my three kids, okay, I have four kids, but one of them, you know, she's five weeks and she just, you know, she's got a full-time job of eating, sleeping, and nursing.
That's all she's doing, right?
And she makes your dad only gets two hours of sleep like last night.
It's her job.
She's fully committed to it.
Yeah.
Vampire dad.
So, you know, Tico has a story and something happens, you know, with one of my kids.
He goes, you know, fight breaks out.
Him and another kid go at it.
He comes home with a bunch of scratches on his back.
And I said, what's this all about?
He's got all these scratches.
Well, you know, he never wants to tell me about anything that happens to me.
He's got too much pride to complain.
He's not going to say it.
So, but when Melva's, you know, going out there and seeing his back, he said, daddy, something happened to his back.
What happened?
I don't want to talk about it.
That's kind of how he is.
He's like legit Omerita, like fully committed to this whole idea.
So I'm not going to call him.
Yeah.
So I'm like, buddy, what happened?
He says, well, you know, this.
I said, what happened is this.
So I said, you know, I sit there as a dad.
I'm like, you know, the parents whose kids never do anything wrong.
My son would never do such a thing.
He would never do such a thing.
Last year, he was taking this soccer class, a year and a half ago.
I don't know if you remember this, when he goes to a soccer class and he's there, he knocks a kid out, okay?
Tico.
He flat out knocks a kid out.
And when they kick him out, Jennifer calls me saying, Patrick got kicked out of practice.
I'm like, Tico, why'd you get kicked out of practice?
He says, Daddy, I got kicked out of practice because a guy punched me in the stomach.
I said, Tico, do not lie to me.
He said, I'm telling you, I'm not lying to you.
He punched me in the stomach.
You've taught me to not let bullies bully me.
I punched him in the face.
And then he went to his mommy and daddy cry.
Mommy and daddy went to the manager and they kicked me out of the, I'm telling you, he punched me first.
I said, okay, I'm going to call the owner.
I call the owner.
I tell the owner, you know the story.
I tell you, do you know the story or no?
I call the owner.
I say, hey, listen, my kid just got kicked out.
Yes.
He says, you guys kicked him out.
Why?
Because he punched the kid in the face and guy was on the floor and he knocked him out.
He can't do that.
This is six-year-olds, eight, seven-year-olds when he did this.
I said, he's telling me the other kid punched him in the stomach first.
You guys are running kids over there, so I'm assuming you have cameras.
He says we do.
I said, I want you to go look at the camera and tell me what happened.
And I want you to tell me the story.
Because if you ever want me to write any positive review about you, I want to know you guys at the right thing.
If we were at fault, I'm going to have my son come and apologize to the kid.
But if the other kid's at fault, I want to make sure he's held accountable.
They said, let us get back to you.
Two hours later, they call me like this.
Here he goes.
We looked at the videos and your son is right.
He was punching in the stomach first and then he reacted.
But the parents never saw it.
I'm like, no shit.
But how did they respond to that, though?
Let me tell you what I did.
I'm so proud of that company, by the way.
I will tell him, recommend him to everybody.
So I picked Tico up.
I said, let's go.
We took him there.
I said, he says, sir, we have to apologize to you.
We're so sorry we made this mistake.
I said, this does nothing to my character.
I don't care you apologize to me.
Like, what apology?
What does an apology do to me?
I said, you need to apologize to my son because that messed with his character.
So I take him over there.
Guy comes up.
I says, here's my son, Patrick.
That's the coach.
He says, I just want to tell you, Patrick, you were right.
You were punched in the stomach first and we kicked you out.
We apologize.
And Patrick's like, he says, do you accept my apology?
No.
Patrick is just like, Tico, accept the apology.
No, accept the apology.
Okay, accept the apology.
So he goes to practice.
Anyways, this last week, similar thing happens.
He comes home.
He's got the soul scratch on his back.
This time around, I said, why'd you get this?
Well, we're playing this game with kids in school.
I said, what's this game called?
You're not going to like the game.
I said, try me.
He said, I'm telling you, you're not going to like the game.
I said, just tell me the game.
He says, the game is called Run Up to People and Call Them a Name and Run.
There is no game like that.
So they ran up.
This other kid gave him an idea to run up to this other kid who was extremely chubby.
And they went up to him.
They called him, you know, something, something, Mr. Fat or something like that.
Sure.
And the kid reacts and they get into a fight and he beats him up.
So I said, okay.
I said, you understand, you bullied the kid.
He says, no, I didn't.
He bullied me.
I said, no, no, you started it.
Tomorrow you got to go to school and you got to apologize to this kid because that's not cool.
I said, if you apologize, he doesn't accept it.
It's on him.
But if you apologize and he bullies you after you're apologizing, you got to punch him in the face.
Okay?
Because you cannot let him bully you because you did your right thing as a character.
If he still wants to bully you, now he's taking advantage of the opportunity to stand up for yourself.
So he goes to school, apologizes to the kid.
I said, what happened?
He said, we're best friends now.
We played all day together.
I said, fantastic.
That's great.
What's the moral of the story?
Here's what I've learned.
Dylan doesn't get bullied.
Senna doesn't get bullied.
Patrick sometimes has these things because it's probably self-inflicted.
When I see people that get fired too often or they always have an issue with a boss and it's always complaining about the company, buddy, it's not the company.
And I'm not talking about you.
I'm talking about people who come to me for job interviews.
You have an issue.
You see, Little Brown.
And you look for problems.
You create problems.
There's a reason why you keep losing jobs.
I called the guy yesterday, two days ago.
We're having a conversation together.
I said, can I ask you a question?
He says, yeah.
I said, when you first applied to want to work at a job, this is one of my insurance companies.
I said, you said you quit your business because you wanted to spend more time with your family.
He said, yes.
I said, so tell me what kind of money were you making as a business owner?
He tells me the number.
I said, if you were making more money, would you ever shut down the business?
He says, no.
I said, he said, because I wasn't spending enough time on my family.
I wish I was spending more time with my family.
That's okay.
I mean, every business owner says that.
But most people that were business owners, that become employees, is because you were probably not a good business owner and you didn't know how to manage a business.
Then you become an employee.
And then when you become an employee, if you don't get results, eventually you could get fired as well as an employee if you're not getting results.
So then he says, well, you know, it's not that.
It's the fact that I have this, I have that, I have this.
So then an issue comes up about the kid.
Same thing happens with the kid as well.
So you know what the reality becomes?
Here's what the reality becomes.
You said something four weeks ago when we were talking about somebody.
You said, people will find a reason to sabotage themselves to what?
Yeah.
To quit something that's hard.
So let me wrap up with this and I'll turn it over to you guys because I've been listening to you guys for 45 minutes.
Here's what will happen when they sabotage themselves.
I have seen more people use family, their kids, their faith, their past, their parents, their upbringing, their ethnicity, their nationality, the way they look as an excuse to not win.
I can't tell you how many times I've seen people use all of those things as excuses why they can't win versus reasons why I'm going to go out there and make it happen.
We all got areas to improve in.
If there's anything COVID taught us, it exploited, exposed a lot of our weaknesses, every one of us.
Let me tell you, all my businesses, the weaknesses were shown, all of them.
When insurance, when this thing, when shit hit the fan on March 12th, we never sold a policy on Zoom ever.
We had no clue how to sell a policy on Zoom.
I'm at the office till 4 o'clock in the morning saying, how the hell am I going to teach people how to sell policy on a Zoom?
I've never sold a policy on a Zoom.
We sit kneecap to kneecap.
We don't sit Zoom and talking to you.
We got exposed.
We have to sit there and say, we got adjusters really quickly.
We're driven on a convention-based events.
We run offices.
People go to offices, leases, all this stuff that everybody got exposed in the last 18 months.
Either you improved and you did something about it and you made a ton of money or you didn't.
The reality is the last nine months made more money than my entire career because we made the right adjustments.
People who made the right adjustments made a lot of money in the last 18 months.
But if you didn't, here's what the marketplace just found out about you.
Everything that you were able to hide the last 18 months that were bad qualities to not hired officially got exposed.
That's what the market did the last 18 months.
The last 18 months showed why the market doesn't pay you what you think you're worth.
That's the thing about the market.
The market sucks.
The market is like a six-year-old kid that will say, hey, Mr. Patrick, can I ask you a question?
Yes.
Why is your nose so big in cricket?
What do you tell a six-year-old kid?
He ain't lying.
He's going to say, no, it's not.
Yes, it is.
Why is your nose so big in cricket?
You know, because I've broken it four times and I got a big nose.
What are you going to do about it?
Yeah, but it looks very weird.
I've never seen a nose like that before, right?
Okay, that's what a kid will do.
Last 18 months, the market said, you're lazy, you're this, you don't want to improve, you got a big ego, you think you know it all, you make excuses.
And the last 18 months, we got brutal honesty from the market nonstop.
Don't get me wrong, it's been a tough last 18 months.
It's been challenging.
It's been annoying.
It's been difficult for a lot of us.
Believe me, I'm on more late night calls the last 18 months than I've ever been in my career, been in business for 20 years.
A lot of late night calls.
But the reality of it is we got exposed the last 18 months.
It either favored you or it didn't.
So that's what I would say when you're talking about that whole story with some people last 18 months when we're hiring people.
I know people in the last 18 months that made very big names for themselves, that did a lot of good for themselves.
Anyway, so that's what it is when it comes down to unemployment.
If you're out there and you're still collecting unemployment checks, I got a bigger question for you.
You know what?
The bigger question is the following.
What the hell are your dreams?
What are your dreams?
Have you compromised all of your dreams?
Have you compromised all your dreams for a flipping paycheck?
You mean a $4,000 a month stimulus check is worth you compromising your dreams for the rest of your life?
I don't understand that part.
You mean to tell me when you watch a movie like Pursuit of Happiness and you see a story of Chris Gardner, whom I brought up in 2008 in front of 5,000 people with Mary Lou Retton.
I introdu him at an event.
You see a story like Chris Gardner, how he wins on Pursuit of Happiness, and at the end he wins and he's a multi-million and he wins for his son.
You tell me that doesn't get you emotional?
Of course.
You mean to tell me when you watch Rocky and he wins and you see the robots and Rocky IV and all this other stuff and his dreams are becoming a reality?
You mean to tell me that doesn't fire you up to want to do 200 push-ups afterwards?
You mean to tell me when you watch some of these movies and people's dreams are becoming a reality and you're not sitting there saying, I have some dreams.
Biggest thing with the stimulus is the fastest way to steal you from dreaming and it's the easiest way to get you to control because the more you dream and you innovate and you challenge status quo, the more they lose.
The more they give you money and you stop thinking about dreaming, reading books and proving yourself, the easier you are to control.
So if there's anything when it comes down to money being given away to us, you just have to keep thinking about, I get it three months.
I get it two months.
I get it a month.
I get it four months, maybe six months.
If it's 18 months, you kind of, you know, exploiting the opportunity, getting more money.
And quite frankly, you decrease your market value in the last 18 months while inflation went up, while everything is more expensive.
So you're kind of going to be very broke the next five years, and life's going to be very hard.
You thought it was hard two years ago?
Shit's about to hit the fan in the next five years.
This is why you want to use opportunities like this to recreate yourself.
And many did.
Barry.
Oh, I totally agree with you.
I mean, this is when you have an adversity, you either decide to make an opportunity out of it, or it's woe is me.
So amen to that, man.
You guys are very quiet, Adam Girard.
You guys like praying.
I saw you.
I'd love to hear it.
I'm looking at you here.
Let's talk about Bill Maher.
Bill Maher says Tokyo Olympics are out woking the Oscars, proving cancel culture is an insanity that has swallowing up the world.
Have you guys seen that video?
What is it?
Right-wing.
It was absolutely sick.
Wonderful.
Absolutely sick.
By the way, Bill Maher today has replaced what Jon Stewart was doing 10 years ago.
Do you guys remember when Jon Stewart brought Nancy Pelosi and called her out on everything?
And she's like, you can't say that.
You just cannot say what you just said right there.
So it didn't matter if it was left, right, middle.
We need people like Bill Maher.
So Bill Maher, again, another one of these videos that went viral.
Please don't make the Olympics into the Oscars, Bill Maher says.
Last April, as he reminded the audience, he said the theme of the year's Oscar show was, we dare you to be entertained.
Its producers, he griped, seemed determined not to let the audience forget for a moment the injustices and deficiencies, the human condition.
The Tokyo Summer Games, in Marr's view, have outdone Hollywood.
He reeled off a series of instances where officials and creative staffers faced consequences over decade-old behavior.
In one case, the opening ceremony musical director was ousted over a 1994 interview in which he admitted to bullying fellow students when he was a child in school.
He also ridiculed media coverage of surfing becoming an Olympic sport in Tokyo.
The Associate Press wrote that having surfing in the games exurbates cultural appropriation with racial indignities.
That's because non-Hawaiians have popularized and mainstreamed the sport with deep spiritual and communal meaning for its original participant.
The article's headline described the competition as a whitewash event.
As to changes, as to charges that he stands, means he has moved farther to the political right, a place on the spectrum, giving to reflexively denouncing canceled culture.
Marr said, my politics have not changed, but I am reacting to politics that have.
Powerful story by the deadline.
It was a great video to watch, Patrick.
I thought so as well.
I mean, he was so spot on on so many things.
And to talk about going back when someone was six years old and something they did as a kid, and that's a reason to terminate them today.
That's just absolutely absurd, but they get away with it.
When is this cancel culture going to stop?
When is this whole thing going to, when are people going to stand up and say, enough of this bullshit and just stop?
Why do you think it's creating so much momentum, though?
Why momentum, though?
That's the part.
You know what cancel culture to me is?
Here's what cancel culture to me is.
The only person that can do cancel culture is a person who can walk on water.
That is the only person that has a moral authority.
It's a witch hunt, man.
I don't know if you got what I just said when I'm saying this.
Yeah, yeah, yeah.
We got you.
So if you walk on water, you listen.
You have all the rights.
I'm sorry.
You know your rights.
I can't walk on water, buddy.
If you can walk on water, try to cancel us.
Well, what I want more than anything else is for them to admit that they're watching our podcast because that entire dialogue is what we talked about on Thursday.
You asked us, why are we not watching the Olympics?
I said it's just not fun anymore.
The woke Olympics aren't fun at all.
And then we turned around and we talked about the, look, you know, everybody thinks we're right wing, we're this, we're that.
We're dead in the middle, man.
The culture's gone so far left so fast.
So when Bill Maher is saying that, I haven't gone right.
He's coming to the same realization that the rest of us have came and be like, man, have I gone right?
Am I thinking about, no, I'm here.
I've been here.
The culture's sprinting left.
So if they're to the left of freaking Trotsky now, everybody's going to seem to the right of them.
Even Michael Rappaport, one of the most annoying people on earth.
This dude goes from on Tuesday talking about get your vaccine or you're a jerk and then he's crying on TikTok two days later.
Like, so let me get this straight.
I can still, I can still get rid of the vet.
I can still give people the virus.
If I get rid of the vaccine, I'm a super spreading out.
Like, come on, man.
This guy, they're having existential crises here because they're trying to fit in with this with this woke cult.
They want to fit in with these elites, but the elites are bullshit.
Because they're worried about the ramifications if they don't.
And that's the thing is that they'll be canceled out if they don't.
So everybody's treading so lightly.
This is supposed to be the idealism of inclusivity, right?
Oh, we want to include.
We don't want you.
Except if you disagree with them.
Because as soon as you disagree with them, so long as you agree with them, then they want to include you.
That's a good point.
Guy sent a tweet and he said to me, you know, cancel culture.
By the way, you guys know the porn star we talked about?
She messaged me.
Laurel, very upset.
She was happy with you, though.
She liked you a lot, but she was upset with the rest of us.
Say what's up.
And say, what's up?
Say what's up.
No, she said good things about you.
I got a friend Adam that'll buy you some white claws.
No, no, no.
Not a fan of anybody else, but he was a fan of this.
So this one guy responds to me and says, have you noticed your view numbers on this are being censored?
Meaning my whole idea about Trump and Obama.
This guy's saying, have you noticed the views on this have been censored?
Meaning you're not getting views.
Listen, the only thing that I see is the suggestion side, which you see.
If the audience wants to get this message out there, they can get the message out there.
Here's what I said to the guy.
I said, I don't believe the right message can be censored long term.
Common sense can't be censored.
Truth can't be censored temporarily.
Yes.
Permanently, no way in the world.
Mario said that.
No way in the world.
But Mario said that.
And he said that to us in a group text.
And it was a good point that he says the truth always comes out.
My fear, my anxiety, and my trepidation, I agree.
The truth always does come out.
But it doesn't always come out in your generation.
It doesn't always come out in your lifetime.
I don't want to live knowing that I was lied to and die knowing that the wrong people maintained control.
You know what's a flag carrier?
You know what a flag carrier is?
What's a flag carrier to you?
The definition of a flag carrier.
Don't know.
What's a flag carrier?
When you think about something that's not.
Somebody that takes your message and runs with it into the wild and delivers it.
So flag carriers, this is going to sound a little weird and it's not going to turn anybody on.
So brace for impact.
This is not going to be that exciting, but it's going to hopefully make some sense to what you're saying here, right?
And what you're asking about here right now.
Some of us in life are flag carriers.
Some of us in life are the byproduct of a flag carrier.
I am a byproduct of my dad and my mom sacrificing everything they had, including their marriage, everything they knew, the language they spoke, the places they ate.
They became the flag carriers to bring their kids to U.S. and my dreams became a reality.
One of the best lines that lady said on Fox and Friend, she said, here's a man who's born in Iran, but he's made in America.
Yeah, Kai's like, that's got to be a book one day.
Born in Iran, made in America, right?
Okay, my dad.
But my dad, no one's going to know my dad except for me telling the world about my dad.
My dad was a cashier at a 99 cent store.
He's a flag carrier.
Because of him, I work my ass off to make sure he, for the rest of his life, can say, that's my son.
And the reason why he's got that life is because I carry the flag to allow him to have the life that he has.
Gabriel's the man, too.
Sometimes, he loves you, both.
He loves both of you guys.
Sometimes we forget that we don't know what role we're playing in life.
Okay?
Sometimes you're not the one that's going to be the next president.
Sometimes you're not the one that's going to be the next billionaire, the next innovator, the next governor, the next senator.
Sometimes you may play the role of a flag carrier.
Sometimes you may be playing the role of a flag carrier in an era that other people don't have the courage to stand up and say, here's what we're going to be doing.
But you're helping the next generation win.
Nobody wants that job.
Who the hell wants that job?
Who wants to be to be the veteran that goes to war and defense for freedom for other people in the back that are going to spit him in the face when he lands in the airport, comes back and saying, who the hell are you to go to war?
Like, did you realize how many of my friends I just lost?
Who the hell wants to be that person that's not going to be appreciated by most people?
And then you lost two of your friends and your life's on the line.
What is a big deal about that?
That's a flag carrier.
We have to go back to recognizing these flag carriers that have given us the opportunity to live the life that we live today.
George Washington, flag carrier.
Lincoln, flag carrier.
MLK, flag carrier.
John FK, JFK, flag carrier.
These are flag carriers.
They carry the flag for us to have a better life.
I think, you know, the idea of not wanting to be a flag carrier is the fact that some of us are not going to lose, you know, are going to lose some of our opportunities, having our dreams become a reality.
I want my kids to have the opportunity to live the life they want to live.
You know, and their daddy's going to do their part to have that become a reality.
Here's the final thing I want to do before we wrap up.
Great podcast.
Lots of great commentary.
People, hopefully you enjoy what we talked about today.
If you enjoyed it, smash the subscribe button.
If you want to see Barry back on again with real estate topics that he gave, this is the second time he's back on.
Barry, thank you for your insight.
Always very helpful.
Gang, I want to tell you guys as well, in about four weeks, we're doing a live event called The Vault.
Everybody's been looking forward to this.
Everything's been shut down.
If I'm for anything, I'm for us coming together.
I think when people try to cancel Barack Obama's birthday with 700 people, I'm all for, we got to come together.
I'm all for events taking place.
I'm hosting an event next week.
We're going to Vegas.
There's going to be 12,000 people in Vegas.
That's at the MGM Grand Arena.
But four weeks from now, we're hosting an event at the Diplomat in Miami called The Vault.
It'll be a three-day event.
Entrepreneur C-Suite executives, salespeople from around the world are going to come together to share strategies.
If there's anything I can tell you from what happened the last two years, the last 18 months, you need to be around other people in similar situations like you who are finding ways to win at the highest level.
You got to find the right community to be a part of.
If you haven't yet registered for the Vault Conference, Gary Kasparov, who they call him the GOAT of chess, he was first placed for 251 months.
No one's ever been able to do that.
He's a grandmaster.
He'll be there because the whole idea is you got to know your next 10, 15 moves.
We have Billy Bean, who took the A's with a team that had nothing to what they, the 21-game win streak, is that one day, 21-game Moneyball movie?
He'll be there, Moneyball.
And then we have Phil Heats going to be there.
Tom Ellsworth is going to train on how to raise money.
I'm about to make two more announcements.
Adam's going to be, our entire camp's going to be there at the Vault.
If you haven't yet registered, Kai, what is the link?
Can we put that below?
It's got thevaultconference.com.
If you haven't registered the ticket prices today, you can get ticket prices for this event.
What's the number right now?
697 general tickets.
CO tickets already been sold out.
I think founders already been sold out.
We only got three categories right now to buy tickets.
If you haven't bought a ticket yet, go to thevaultconference.com, get a ticket, bring a friend, bring your spout, bring your family.
And we're looking forward to spending three days with you at the Vault Conference in Miami, first week of September with many other entrepreneur C-suite executives around the world.
Having said that, this has been a great podcast.
I've enjoyed it.
Barry, Adam, Gerard, we will do this again Thursday.
And by the way, Friday.
Oh, Friday, we got Zuby here.
Zubi!
Zubi's going to be here on Friday.
That's right.
Zubi's going to be here this Friday.
Larry Elder reached out.
If you guys want to see Larry Elder come on the podcast, go on Twitter, tag him, tag me, hashtag PBD podcast.
