Jedediah Bila, Vincent Oshana & Adam Sosnick | PBD Podcast | Ep. 188
Try our sponsor Aura for 14 days free - https://aura.com/pbd to see how many times your personal information was found on the dark web today.
FaceTime or Ask Patrick any questions on https://minnect.com/
PBD Podcast Episode 188. In this episode, Patrick Bet-David is joined by Jedediah Bila, Vincent Oshana & Adam Sosnick.
Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL
Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N
Text: PODCAST to 310.340.1132 to get added to the distribution list
Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
This world of entrepreneurs, we get no value to hate it.
I didn't run, homie, look what I become.
I'm the one.
Super Bowl.
Eagles go to the Super Bowl.
10%.
All right, John.
You want to make a better what?
Okay.
All right, let's start the podcast.
By the way, Jen asked to see if we want to do a, what do you call it, fantasy football at the office?
Maybe he started talking about it.
Let's do them out.
I'm out.
All right.
Let's get right into it.
Okay.
Episode 188.
Today's home team, myself, Adam Jedediah, and today's host of the podcast, Vinny O'Shana.
Dan Penya.
Senator.
By the way, you look ridiculous how good you look.
You look very good.
First of all, yesterday they go, hey, Vinny, you're going to be on the podcast.
I was like, first of all, I got invited on the number one podcast in the world, business, for Spotify.
I go, I have to, even though I have no business being on here, I'm impressing the part.
Because when you don't have an education, this suit bumps you up.
That's a good point.
That's me.
What school did you go?
100%.
Very, very impressive.
Okay, so look, we got a lot of topics to go through.
A lot of craziness.
One, I found the clip from 11 years ago where a guy says, what's going on with the market?
This is from central London.
And the reaction of the host on BBC, I just want you to see how this lady reacts when he tells the truth about what's going to happen, what's going to happen to the economy.
We'll talk about that.
What's going on in Iran?
And, you know, a lot of times people are hearing stories about how it really is in Iran.
When you hear the stats of how things are really in Iran, you're going to sit there and say, there's no way in the world that is true.
Meaning, if I just gave you one stat right now before I give you the rest of it, what if I told you in Iran, they make nine-year-olds turn into women to make them believe they're ready to marry somebody if somebody really wanted to marry them.
I got some of these stats I give you by a woman that you're going to flip out on what's going on in Iran.
And respect to a lot of the people there that are doing their part to create their own freedom.
We'll discuss that.
The new Georgia Maloney, who gave a message in Italy, and the amount of criticism and love she's getting simultaneously, it's beautiful.
I'm sure you saw the message what she gave.
Powerful, a lot of enthusiasm.
People love her.
It's weird how people around the world are starting to vote for conservative leaders.
Europe is supposed to be left socialist, but now they're saying, wait a minute, we kind of need some of the old school conservative beliefs, which Adam's extremely excited about.
We're going to talk about nuclear war, what's going on.
A study from CBS News that says a war between U.S. and Russia would kill five, a nuclear war would kill 5 billion people.
That's the only article that Adam didn't read cover to cover.
Luxury housing market, which the way to categorize luxury housing market is the top 5% of a market.
It's not saying it's a $2 million house, $3 million house.
Top 5% of any city, luxury housing market, dropped 28% in two months.
It's the highest we've had in 10 years.
That's a massive drop-up.
That's saying a million-dollar house is $7.20.
A $10 million house is $7.2 million.
It's a big number we're talking about, and it's not going to be slowing down.
And we got a special message for Dave Ramsey today because, you know, Dave Ramsey, when he was watching a little too much fear porn, we're going to address the fear porn concept.
He's obsessed with the fear porn.
He maybe needs to watch a little bit of fear porn because maybe he doesn't watch fear porn.
So Rashida Talib, who gave a direct message to CEOs, and she tried to call out Jamie Dimon.
And Jamie Dimon's response is fantastic.
We'll go into the British pound plunged to an all-time low just in 2007.
The pound was 211.
It dropped to 103.
We'll cover that.
And then we got a couple other stories.
Apple has decided to make their phones in India.
Record number of New Yorkers are switching their driver's license to Florida.
Billionaire bunkers around the world.
You know, Jeff Bezos is a billionaire bunker.
You should see this.
Meaning, if a war, nuclear war was to happen, I think Bezos is going to have a lot of fun in his billionaire bunker.
And then Bill Maher talks about the prosthetic breast teacher.
Massive.
Yeah, which is, you know, big story.
Which apparently it is a big story.
And we'll cover that as well.
So having said that, having said that, let's get right into it.
Which story do we want to talk about first?
Real quick, can I just give all three of you guys a warm welcome to sunny South Florida?
Beautiful.
You guys have been here.
Man, you guys have a hurricane?
Yeah.
I've been here for three and a half years.
You've been here for, I don't know, three months, six months, right?
Six months.
Year and a half, year and nine months.
January to whatever it is.
You had an easy go your first year here.
No hurricanes.
You guys have never really experienced a hurricane.
You've dealt with it.
California, mudslides, fires.
I swam here.
I swam here.
But welcome to Florida.
Unless it's a four or higher, it's fun.
We don't lose no sleep.
Donnie yesterday says, oh, are you concerned?
I said, Donnie, I've been bombed on, bro.
Water?
Yeah, water.
The difference between, you see, the difference between earthquakes.
Okay, if you've been through an earthquake, if you've been through a hurricane, tornado, tornadoes are pretty brutal, by the way, when it hits you.
We went through that in Kentucky in the Army and war.
And then what's his name?
Leo threw something else yesterday.
When a blizzard, not a blizzard, when a snowstorm?
When a snowstorm hits in Minnesota, he gave that.
Have you been through all of those?
Take the war thing out, but have you been through an earthquake?
I go through war every day.
I wake up.
No, the difference between a hurricane is you've got a week to prepare.
Earthquake, you don't know what's happening.
Tornado, you don't know what's happening.
Yeah, we went through, you know, I lived in Florida when I was a kid.
I lived in Fort Myers.
So we, my dad was a part owner of a hotel, the best Western out there.
And we had a hurricane that was so bad that the first six floors, the hotel was maybe eight floors high, if I'm remembering correctly.
I was a baby.
I was like four years old.
We had one that went up to the fifth floor of the hotel, just wiped out everything.
So I was a kid.
I was like, oh, party time.
You know, I heard this.
I thought it was going to be fun.
Kids don't, they don't really process anything.
I had my family there.
I was like, oh, this is great.
Oh, look at the window, the trees.
Oh, look, that fell down.
So, you know, now I'm like, man.
But hurricanes don't scare me as much for some reason.
I can't really intellectualize why.
I think the earthquake is the out of all those, I mean, besides the war, because we're from the same place, but the earthquake, there's no warning.
You'll just be a mid-conversation.
And then I don't care who you are, if you're not religious or everybody's, your first thing is, it's over.
We're done.
It's done.
You've been through earthquakes in LA.
I was like, oh, earthquakes that woke me up from asleep.
Yeah.
Because stuff's falling off the.
But Tampa Bay is going to get hit pretty bad.
So hopefully Tom Brady can do something about that.
They're all moving.
Tampa Bay is going to get hit.
Tampa is going to get hit.
But here's my question.
With all our technology, mind you, I know you guys saw NASA just had a DART mission that they sent seven million miles away, asteroid, and they hit it with an object to make it just in case the asteroid comes and hits us, successful mission.
They can't, with our technology, do something for the tornado or hurricane and make it just call it racist.
But Joe Biden's working on it.
That's a very, very good question.
And there are people that are working on that.
Because what they have created now is how to create a storm.
They know how to create a storm.
They know how to create rain.
They know how to create that.
If you can create it, you got to figure out a way to how to undo it.
What do you mean they can create a storm?
What do you mean they can stimulate clouds?
Create precipitation and they do that in the Middle East all the time.
Do they really happen in Dubai?
They're like, it's going to rain on Thursday.
And it happened.
Wow, look at that.
Technology.
They can create a storm.
We don't need to deal with that in Florida.
It rains all the time.
So we're not looking for less rain here.
I guess in the Middle East, they need that.
So, do we want to start with like a business story to get Vince's feedback on these business stories?
I say we start off with business stories.
Let's go right into business stories.
Wall Street Tycoon.
You know, with everything that's going on, just go straight to Dave Ramsey.
Okay, go to Dave Ramsey.
I want to start off with him.
So, Dave Ramsey, a few months ago, I need the exact date on this post, by the way.
That's what?
June 29th.
That's June 29th.
Fantastic.
So, go to June 29th.
Let's see what the market was at on June 29th.
Go to Dow Jones, June 29th.
Yeah, June 29th.
Okay.
All right.
So, let's look at it.
That was what?
Pull it up, June 29th.
Okay, you're going to look at it that way.
Maybe let's look at it in a basic way.
I thought I saw it on the left.
I thought I saw it on the left.
If you take Dow Jones and you go six months and you go straight to the date, I'll find it right now.
I'm on June 29th.
June 29th, that was at 31,000 and change.
Okay.
Fine.
June 29th, you know, Dave Ramsey says the following.
Let me read it to the audience so they can see it.
If you can go to the post right there.
Okay.
The housing market is not crashing.
It's by Dave Ramsey.
Inflation, recession, high interest rates, high fuel costs, labor market disruption, including the great resignation, supply chain shortages, bear market, and the hits just keep coming.
Are we heading for the end of American economy?
Is the housing market going to crash?
Is this generation going to be priced out of the housing market and never be homeowners?
No, no, no.
Three no's.
So that's three no's.
So that means he's saying no to, are we headed to the end of American economy?
Of course not.
Is the housing market going to crash?
That's the question that we want to address.
The second one says, is this generation going to be priced out of the housing market and never be homeowners?
That's also a no.
I agree with that one.
But the main one I want to target is the middle one.
Is the housing market going to crash?
He said no.
Sorry to end your fear porn party, but the sky is really not falling.
It's definitely scary.
And some of the things going on truly do suck, but the sky is not falling.
When you're operating on fear, fight, or flight, chemicals flood your brain and your critical thinking skills shut down.
Higher thought patterns and analysis are only possible when a perceived threat is lowered.
You don't ever make good decisions based on thinking.
You do when you are afraid or angry.
And the news cycle right now will make you both angry and afraid several times a day if you let the drama in.
So the porn party is still going.
So basically.
Yeah.
So no, what he's saying is, don't worry about it.
It's all going to be all right.
So I just finished a book.
It's called How to Mighty Fall.
It's by Jim Collins.
Okay.
Jim Collins wrote a book years ago called Good to Great.
So in this book, How to Mighty Fall, he asks a very, very good question, okay?
Which is a rebuttal to this here because it is a battle.
He's giving the motivational positive thinking, everything's going to be all right mindset, which is something I subscribe to my entire life.
However, there's a caveat to it.
In the book, Jim Collins says, you have two options here.
Okay.
Say you're somebody who is always optimistic and you say things like, I'm the best.
I'm great.
We're going to do fantastic.
We know what we're doing.
We're the best in the marketplace.
No one's better than us.
We're going to go do this.
And we're going to da-da-da-da-da.
Okay.
And then the other mindset is what?
The mindset of a person says, I don't know if I'm good enough to compete, man.
I don't know if I have what it takes to compute in the podcast.
I don't know if I don't know what if the rates drop in real estate.
And what if that happens?
And what if I'm not good enough to be a father?
What if I'm not good enough to be a husband or a mother or a wife?
Or what if I don't have the goodies yet?
Man, if I don't call that person, what if that client changes their mind?
So you're always in that, I'm not good enough to get to the next level, right?
He says two companies have two different types of leaders.
Say one is thinking like everything's going to be and the other one is, dude, we got a lot of, we got some improving to do, right?
He says, let's look at the first option.
If the first option, if you're right, guess what?
Everything's great.
If you're wrong, you're problematic.
You're going to go out of business.
But in the second situation, if you're wrong, who cares?
But if you're right, good for you.
You're going to keep improving.
Meaning, if you look at this and you say, oh, is the market going to crash?
Nah, it's not going to mark.
The market's not going to crash.
Yeah, it's going to be all right.
Don't even sweat it.
All this stuff.
Okay.
Then rates come up.
Okay.
To 6.29%.
I don't know if you saw the Yahoo finance thing.
I'm going to send this to you so you can show it because I think it's very important for us to see this.
Luxury home pricing.
I'll text this to you.
We have it in the article as well.
But Tyler, if you want to look at your phone, I'm sending it to you.
Receive that one and I'll send you the other one as well.
You guys have to see this here on what the numbers of luxury as well as I'll send you this other one as well.
Pull these two up if you can.
Pull both of them up if you can.
Okay.
So that's one of them.
Take a look at this.
This is from Yahoo Finance.
This is luxury home sales sink most on record.
That's from 2013.
Okay.
Look at the luxury market.
It goes down a little bit in 2014.
Then in 2020, it drops during COVID dramatically.
But as bad as it dropped during COVID, look how bad it's dropped after COVID.
So meaning COVID was fake.
It's all fear.
That six-month period right there in 2020, that was not a real crash.
The market still went up.
But look at the drop from the top to the bottom.
That is a 28% drop from June to August, highest in 10 years we're talking about.
Okay.
So then outside of that, inventory is officially up.
Okay.
Inventory is going up.
Mortgage rates, if you got the mortgage rates I sent you, I don't know if you got that one as well.
If you want to go to the next one I just sent you, take a look at this one here.
It's not slowing down.
Go to the next one.
Pat, that's your really quick question.
Why is it just because I think you're going there right now?
Luxury dropped that much.
What about just regular homes?
Luxury went up too much and it was overpriced and now people are not willing to pay.
There's many different reasons they can look at.
But look at this one right here.
Rates from 2021 till today, 2.85 to 6.29.
And it's constantly gone up.
The 30-year is 6.29.
15 year is 5.44.
And the five-year arm is 4.97.
So the concept of fear porn, here's a part then.
Then people say, well, does this mean the bear market is here?
Is this the end of it?
Is this like, Pat, what's going to happen next?
Let me show you this other one here and then we'll do some commentary.
I'm going to read the Dow hits bear market as stocks sell off.
Okay, if you want to go to page five, Tyler, if you have that article, if not, I'll just read it to the audience.
This is very important to pay attention to.
Okay, so Dow hits bear market as stocks sell off goes from bad to worse.
The Dow average on Friday briefly hit a bear market before bouncing back from slightly a 700-point drop.
The average is now sitting at the lowest since November 2020, which is COVID.
This is the SP 500 NASDAQ composite wrapped the second highest rate week of losses, retreating to June lows.
The pain may continue following the Federal Reserve 75 basis point rate hike and new projected 4.4% federal fund rate, a percentage point higher than initial forecast.
The team at Goldman Sachs, led by David Kostin, cut their outlook of the SP 500 this year by 16% to 3,600 versus a prior of 4,300 as the economy faces the likelihood of sharp downturn or hard landing.
When you see numbers like this, Adam, what do you think about?
What do you think about with Dave Ramsey talking about the real estate's not going to crash?
And then you see the market dip in 28%, specifically on real estate.
How do you process that?
I mean, I'm looking from a macro perspective.
I think, I mean, the world has changed so much in the last two years, right?
I mean, think everything we've gone through with COVID and the markets and real estate and masks and lockdowns and recessions and this.
I think everyone is looking for stability at this point.
So there's so many people saying, I know that the market's going to go up.
Market's not going to go down.
This is what happened with COVID.
This is what's going on in the world economic forum.
Like there's so many different things going on.
And I think it's incumbent on you as an individual to seek stability in your life.
There's going to be experts telling you X, Y, Z, up, down, left, right.
I think it's very important for you as an individual to take ownership in your life and say, how can I make my life better and tune out the noise?
We're literally going through a hurricane right now, like in Florida.
And I feel like the entire world from, to use a metaphor, is going through a financial, social, socioeconomic hurricane.
And in the middle of this crazy storm that's going on, the calm and the eye of the storm is the only place in the middle of a hurricane where there's actually not craziness going on.
So in all the craziness of the world, you need to figure out where that stability can come from in your life, whether that's God, whether that's family, whether that's politics, whether that's just your own individual freedoms, whatever it is, you need to find that certainty of your life.
I don't know if Ramsey's right.
I don't know if he's wrong.
I don't know if Jamie Dimon's right.
I don't know if he's wrong.
But you need to kind of find the voice of reason in your life and find your center of gravity and figure it out for yourself because nobody's coming to save you.
You got to save yourself.
Great, great.
I love the fear porn conversation, though, just because I feel like we've seen that explode so much in society over the last two years.
And fear has played a role in people's health decisions, where people live, how they live.
It's had a huge impact on the way parents raise children.
Now you have a lot of kids that are growing up afraid of literally everything because their parents are now afraid of everything because they've been through COVID and it's affecting society at large in so many ways.
It affected the way the school system runs.
So people are in a very different head right now.
And I'm wondering if there's just going to be a pretty enormous backlash to this, which means that a lot of people were making decisions based on fear and now are looking back and seeing the negative ramifications of that on them, themselves and their families.
And I'm wondering if now there's going to be people rising up, refusing to do that again with the complete opposite mindset of I'm not going to live in fear.
I'm not going to let these things, you know, prevent me from excelling.
I'm not going to be, you know, stymied by what a political bureaucrat or what society tells me I should be afraid of.
Because what I'm seeing now is kind of like a lion kind of like roar from a lot of people who bought into the fear and now just refuse to live that way, just seeing how negatively it affected their families over the course of the last two years.
But also, it kind of depends where you're at in life.
And this is why I love a freaking America so much because you could say, well, you know, recession in America and the markets and all that.
It's like, pump the brakes a little bit, everybody.
We're still in America.
We're still in the greatest country on earth.
If you're in the middle of Ukraine or if you're in, you know, the Philippines or, you know, certain countries out there, they're not exactly stable.
You're living in a constant state of fear.
I mean, if you're in Iran right now, if you're in Russia right now, if you're just called up into the militia, or if you're one of these young women who's basically protesting for their lives, you're in a constant state of fear.
So, you know, from a macro perspective, just appreciate what we got here in America.
Trust me, I was scared as hell.
And like I said earlier, I don't know nothing about business.
I went to Adam.
We had that talk.
We sat down.
Adam hooked me up with, you know, Vidian does do this.
He goes, invest in the S ⁇ P 500.
I'm so stupid.
I thought it was a NASCAR race.
I go, are they racing on Sunday?
He goes, no, not NASCAR.
He goes, NASDAQ, not NASCAR.
I go, oh, okay.
Like an idiot.
But hey, scared the hell out of me.
And that's why we're the number one big business podcast in the world.
Thank you.
So here's how I process this.
Here's how I process this.
I grew up in business the first five, 10 years.
All I subscribed to was Power of Positive Thinking by Norman Vincent Peel.
And that's all it was.
Okay.
And then you realize there's levels to life.
So, for example, the most basic thing you can do is buy term investing, not buy-term investor difference, dollar cost averaging, right?
Or buy-term investor difference is one of the ones that Dave will talk about.
But, you know, dollar cost averaging, you know, put your money every single month by $200 of a mutual fund, $500 of a mutual fund, $1,000 of mutual fund on ETF and leave it there 30 years.
You know, you're going to get a certain set of return.
The market's going to crash.
And by the way, I have a mutual fund today that I've been putting money into for nearly 20 years.
And I started 20 years ago.
And I started with $100 a month.
And it's grown into a very nice account.
I don't even look at it, but it's grown into a nice little hefty account that I started with $100 a month.
Okay.
That philosophy works.
But many times when a message like this is given, a baby boomer who's sitting there thinking the market's going to be okay, the market's not going to be okay for the baby boomer.
A baby boomer who is expecting to retire at 64 years old, who's 63 today, has to now work to 70 years old because somebody didn't give him the right counsel.
The part with giving counsel is your counsel has to be given to whatever situation you're currently in.
Okay?
That's the part about giving counsel, specifically when it comes down to finances.
A counsel like this that you give to say, the housing market is not going to crash.
It's not going to be this.
It's not going to be that.
And then the market does crash, the real estate does crash.
And you say, rather than saying this, you say, just in case this happens, be prepared in the following way.
By the way, Tyler, do you have that clip from the guy that says the government doesn't, if you can pull up this one clip, just play this clip and go to, I don't know, play, go to 45 seconds, yeah, about a minute or so, go to a minute and press play?
I see an opportunity to make money, I go with that.
I'm happy, make them feel more confident.
Listen to what this guy says.
11, 12 years ago.
Personally, it doesn't matter.
I'm a trader.
I don't really care about that kind of stuff.
I go with what the, if I see an opportunity to make money, I go with that.
So for most traders, it's not about that.
We don't really care that much how they're going to fix the economy, how they're going to fix the whole situation.
Our job is to make money from it.
And personally, I've been dreaming of this moment for three years.
I had a confession, which is I go to bed every night, I dream of another recession.
I dream of another moment like this.
Why?
Because people don't seem to maybe remember, but the 30s depression, the depression in the 30s, wasn't just about a market crash.
There were some people who were prepared to make money from that.
That's the part.
And anybody can do that.
It isn't just for some people in the elite.
Listen to the lady.
Anybody can actually make money.
It's an opportunity.
When the market crashes, when the Euro and the big stock markets crash, if you know what to do, if you have the right plan to set up, you can make a lot of money from this.
For example, hedging strategies is one.
He's going to say bonds.
He's going to say two things.
Investing in bonds, treasury bonds, that sort of stuff.
You can see the people around me, jaws have collectively dropped at what you've just said.
I mean, we appreciate your candor.
However, it doesn't help the rest of us, does it?
All the rest of the Euros.
But that's listen.
I would say this to everybody who's watching this.
This economic crisis is like a cancer.
If you just wait and wait, thinking this is going to go away, just like a cancer, it's going to grow and it's going to be too late.
What I would say to everybody is get prepared.
This is not a time right now to wishful thinking the government is going to sort things out.
The governments don't rule the world.
Goldman Sachs rules the world.
Goldman Sachs does not care.
So what do you take from that message?
Just as a person, maybe you're not in finance.
When you hear that, how do you process what he just said?
He says, I dream about a recession.
Happens every 10 years.
In the 30s, a lot of wealth was created.
Government doesn't run everything.
Goldman Sachs, how do you process it?
Up to you when shit's a fan.
It's up to you to take advantage.
Adam's been saying this forever.
It's an opportunity.
I mean, it's not a really good looking opportunity, but you have to jump on and be ready.
Like right now, just from hearing that, in my head, I'm like, I have to ask both of you after this, what bond should I be looking at?
And what, you know, Goldman Sachs, what the hell are they up to?
Just be ready.
Just be prepared.
Because right now, I mean, Pat, do you guys think it's going to be?
I mean, it's the White House is, you know, they BS every single day.
Everything's fine.
Borders fine.
Economy's great.
Everything's fine.
When I know we talked about it 13 months, you said.
So now we're getting to like the six or seven more months till everything goes kaputz.
You think we're still going towards that?
So just look at it this way.
This is what I said the other day.
Okay.
And if you go to Dow Jones, history of Dow Jones, just go to history of Dow Jones.
This is all you need to know.
Okay.
Just type in Dow Jones.
Yeah.
History of Dow Jones.
High, you know.
Let me see if you can pull this up or not.
If you can go max, how many years back does it go to?
82.
Okay.
What was it at 82?
907.
Okay.
What is it in 1990?
Go to 1990.
It's 2,600.
Okay, what's at 2000?
10 grand.
Okay, what's that 2010?
10 grand.
Okay, what's that 2020?
Wow.
30.
So here's a point, guys.
And what was it at 1980?
Go all the way back to what was that?
27, I think?
907.
907, guys.
So meaning it went from 907 to 10 grand to 20 grand to 30 grand.
The Dow in the next 40 years.
So if it was at 40, so if we take 907 into 30, what's 907 into 30?
Roughly 35 times.
Okay, 33 times, right?
35 times.
So that means if we take 30,000 Dow today, okay, 30,000 Dow today, and we do times 35 is what?
That means Dow will be at a million in 42 years.
So meaning long term, you're going to be fine.
Long term, innovation is going to be fine.
But for people that are sitting there saying, I truly want to create wealth, you have to, if you have some savings right now and you did it right, you're going to be able to capitalize because a lot of things are going to be on sale.
You're going to buy a condo, a house on nothing, in my opinion, in the next 12 months.
The level of discounted properties is going to be insane in 12 months.
Like discount in a way that you never thought you'd be paying that kind of a discount on 12 months.
But you have to also be thinking about this is if you're if you're 30 years old, this is probably going to happen only five times in your lifetime.
Wow.
If you're 40 years old, it's probably only going to happen four times in your lifetime.
If you're 20 years old, six times.
You have to be ready for the next one that's going to happen in 10 years.
And the way you do that is by piling up a bunch of cash and you make some good investments.
And 10 years from now, you're ready when it happens again because we're going to go through the cyclical cycle.
So my prediction is the following: who gave birth to Ronald Reagan?
Jimmy Carter.
Okay.
Who's the closest president to Jimmy Carter?
Joseph Biden.
Joseph Biden.
And how long was Jimmy?
How long was Ronald Reagan president?
Eight years.
Who became the next president?
His VP, senior.
So Republican stayed for 12 years.
Then what happened after 12 years?
Clinton showed up.
That's eight years.
What happened after Clinton?
G.W. What happened after him?
Obama.
What happened after him?
You know, after him is going to be one-one-term.
There's going to be two one-termers.
So we haven't had a one-one term in a long time.
Wow.
You get what I'm saying?
It's going to be a one-one-term.
Biden is not.
Well, you'll see the numbers that we're looking at.
So the point is, this economy, the way it's going, this is going to give birth to a conservative president for the next eight years.
Whether it's going to be a DeSantis, whether it's going to be a Trump, if it's a DeSantis and it follows Carter's playbook, whoever DeSantis chooses as VP could most likely end up being the next president as well.
So if DeSantis picks, pick a name.
I don't know.
Just give me any name.
Nikki Agley.
Yeah.
Okay.
Give me any name.
It's not going to be Nikki Haley, but let's just say it's going to be Nikki Haley.
So, 12 years now.
So, that's 12 years.
Okay.
Then the market's going to sit there and say, Whoa, a little too much.
Rich are getting too rich.
This is not fair.
We have too many trillionaires.
Why should Elon Musk be a trillionaire?
Then it's going to flip.
But all I'm saying is, during this time, folks, here's all I'm saying.
Andy Grove, I'm going to keep saying this as many times as possible, who ran a company called Intel that grew 100% rate.
That everybody in Silicon Valley swore by this Hungarian guy that built one of the best stories in Silicon Valley.
He wrote a book, and the book was called Only the Paranoid Survive.
Simple as that.
And too many people are not paranoid today.
I'm going to do great.
People are getting only the paranoid survive.
So you need a little bit of that mindset of only the paranoids survive today.
Because if you don't, and the market tanks, because here's what happens: if Dave Ramsey is right, guess what?
Nothing changes.
Great.
He's right.
But if Dave Ramsey is wrong, a lot of people who listen to him are screwed because they sat there saying the market's not going to crash.
He didn't prepare them to say it could potentially happen.
Anyways, we're going to see what's going to happen here with the story.
Can I add something to that?
Go for it.
I also think it's where you're at in life.
Like every single one of us, everyone listening right now, you could look in the mirror and say, How far can I think out?
How far can I think outward?
You know, two-thirds of Americans are living paycheck to paycheck.
I don't care how positive or optimistic you're what kind of plan they have in place.
If you're struggling to figure out how you're going to pay your next bill next week, next month, next quarter, it's hard for you to have a plan for what's going to happen, you know, 12, 24 months from now.
But the goal is to get to the point where you can think that way, right?
So I'm at a point where I'm not worried about week to week, day to day, month to month, even year to year at this point, because I set the wheels in motion 15 years ago, 12 years ago.
Okay, how can I get from week to week to month to month?
Boom.
All right, got it.
I'm no longer month to month.
All right, how can I get from month to month to year to year?
Boom.
I'm no longer figuring out year to year.
And now I'm in a perspective where I'm thinking, five years from now, where do I want to be in life?
And that's what I'm planning for right now.
But if you're like, how the hell am I going to get to think long term?
It's like, well, just, you know, you know, crawl before you walk, walk before you run, run before you walk a marathon.
So wherever you're at in life, just think about what's the next step.
So if I'm Vinnie, I'm thinking, all right, cool.
I'm no longer month to month.
How can I get that I'm no longer thinking year to year at this point?
And that's just the next evolution of your step of your life.
So that's where you got to kind of look in the mirror.
Where are you at in life right now?
What's the next step, the next goal that I should be reaching towards?
Because whether it's the stock market, whether that's relationships, whether that's real estate, whether that's even your health, if you're focused on day to day, you're never going to be able to win.
Meaning, I'm going to fight with my girl.
Stock market's up, right?
I'm not feeling well.
COVID, whatever.
It's like, but if you can extrapolate over time, it's kind of exactly what you're saying about the Dow.
In 40 years from now, it's going to hit a million.
But if you can kind of have that long-term perspective rather than being myopic day-to-day, week to week, you'll win in the end.
It's just hard to get to that long-term perspective.
Okay, but here's my question, Pat.
I hope you can expand on this.
Do we make it 40 years?
So we're at 31 trillion dollars in debt, right?
So I'm looking at numbers.
I'm seeing a few different things.
Oh my God.
2022 fiscal year, the government spent $7 trillion, $5 trillion, $9 trillion, whatever.
You know, it was $740 billion in the Inflation Reduction Act.
Like when you factor in unfunded liabilities, we're $300 trillion in debt.
This is unsustainable.
Adam's talking about thinking about year to year to year.
We're not doing that.
We're thinking day to day to day and we're spending much money as humanly possible.
We are printing money.
I don't know how this is sustainable.
I don't know how we make it 40 years.
That looks like a casino.
I thought you thought that was like a game on a casino floor.
Like, is that real?
It's a debt.
This is the debt mark.
And this doesn't factor in the crisis.
Go to domestic GDP.
I thought we were about to bet on something.
Go to domestic GDP.
Oh my God.
So I'm just going to boil this down to, obviously this is disgusting.
see all the red no doubt but if you're Tyler makes a point though I'm curious to know what's going on.
Total jet GDP.
Clearly, we need to figure out the debt situation.
But whether it's the U.S. economy or even your own individual household economy, there's two sides to every financial plan.
There's offense and defense.
Thank God we still have the number one offense in the freaking world, the United States of America.
GDP is what?
25 trillion?
Right?
Where are we at GDP wise?
I don't know where we're at.
Okay, 25 trillion.
So it's not like we're some crumbling economy that can't sustain paying our bills.
We just got to figure out how to stop running up the credit card.
I don't know about that.
So look, here's so, you know, when we first started the insurance company, I recruited a husband and wife.
Wife's name was Diana.
And she sat me down.
It's December 31st of 2010.
It's 4.50.
A guy's coming for me to sign a contract to take over a lease in Woodland Hills at the Warner Center Marriott.
And she says, I want to come work with you, but you seem like you're a little bit too aggressive.
And I'm worried that, you know, the insurance company is going to have challenges because of the finances, that you're going to have some reckless spending that's going to cost the company to go out of business.
And I look at her, I'm like, that's a fair concern.
I said, but the part that you don't know, and the only way I can tell you is that there's a lot of things I'm very frugal with, which allows me to make the tougher decisions when we need money, right?
Company starts.
Do you know in the history of the insurance company, I was never the highest paid guy in the company?
I've never been the highest paid guy in the company.
Okay.
Never.
Including value tame.
I'm not the highest paid guy in the company.
Highest paid.
Salary.
I'm not in the company, right?
But what we did is we took the money and we stayed very paranoid.
For example, till today, if I have to pay, AV comes and says to us, $80,000 is the bid.
And, you know, typically people who are taking the bid, don't go past $80,000.
I'm like, I'm not paying $80,000.
Let me see the bid.
No.
Go back to them for $62,000.
We settled at $65,000.
We just say $15,000.
Now, somebody may say, who cares about that $15,000?
It's $15,000 that you say, right?
Well, you know, here's how we have to go.
This is all it is.
I said, you sure this is how much the camera is?
Yes, I'll go online.
So the other day, a guy's coming to set up the internet system at our house because we want to watch the fights in the cabana in the back instead of so we can smoke the cigars.
And I'm setting it up.
He said, it's going to cost you $130,000.
Oh, really?
Yeah.
Which equipment you got?
I'm on the Zoom with them and I'm going pricing out all the equipment myself.
And I'm looking, I said, why are you charging me this much?
And why are you charging me this much?
Three of the things I was able to say, $4,000 or $5,000.
But one of the things he gets it cheaper than I do for wholesale, where I looked at wholesale, said, you notice I can get it cheaper than you.
I said, fair.
That's fine.
But I need you to lower these to this.
Anyways, the whole thing ended up being $59,000 to get internet set up in the background.
What was the initial quote?
$12, $100, something.
$100,000,000.
Gotcha.
But we have the structure where we look at three different offers on anything we buy, no matter what we do.
I don't think our government is paranoid enough with this debt.
I don't think the American people are paranoid.
I don't think a lot of CEOs today in Fortune 500 are paranoid.
I don't think a lot of people who are saying just take the vaccine or just take this.
I don't think enough people are paranoid.
How much research do we have on this?
I think too many people have become like, ah, it's okay.
No, man.
You got a wife.
You got a husband.
You got kids.
You're the leader of the pack.
You need to be a little bit hesitant about what's going on.
Do your own research before you jump to conclusion with everything.
We've become a little bit too, oh, yeah, okay.
Uh-huh.
Yeah.
No, no, I don't know.
I don't know what's going on with this.
I don't know what's going on with the mortgage side.
So we need to be a little bit more from that perspective.
Unless if you're the type of a person, my dad told me something.
We had an uncle named Albert, favorite uncle we had.
He would come Sundays and he only wanted to watch one show on Sundays.
Do you know this story or no?
No.
He would come to my house.
Doesn't speak any English.
Okay.
A Syrian guy.
Albert.
Okay.
The only guy that would give me $100 for my birthday every birthday.
And I love him for it.
Eventually, I took him to a cruise in the Caribbean with my dad.
I said, listen, for every $100 you just paid me, I'm flying you out.
We're going to have a blast.
You have done so much for me.
I love you.
He's in the hospital.
He just got out.
You know, I love Albert's family's special family.
They changed my life.
But one day, he comes and Albert comes in on Sundays.
He says, I said, Albert, the usual, yeah, put it.
I want to watch it in Assyrian.
He wanted to watch Kings of Comedy because he wanted to watch Bernie Mac.
Wow.
He's watched the Bernie Mac from Kings of Comedy.
If I tell you 100 times, that's a small number.
I said, do you know what he just said?
He says, no.
Two, four.
God help me, babysit these motherfuckers.
So we would watch this.
Not a bad Bernie Mac family.
Not a bad book.
So then he says to me, he says, the two-year-old shit is shepherd for the devil.
Whatever the two-year-old says.
I know the whole thing because of Albert.
Because I've watched this Bernie Mac thing so many times.
Here's the point.
I'm scared of you, motherfucker.
I am scared of you.
Get him back to vibe.
I'm not scared of you.
There's no him downstairs.
That's so funny.
Oh, my God.
Why do you want to listen to Bernie Mac?
Because he just loves his manner.
I would say, do you know what he just said?
He says, I have no idea what he just said.
He's just zero.
He's funny.
Oh, my God.
So my dad sits me down and we're in the kitchen.
He says, look at Albert.
And he says, what about it?
He says, just look at him.
Look how happy he is.
He says, that's the happiest person I know in my life.
I said, look at him.
He says, be very careful reading these books.
I said, why?
He says, because the moment you have too much knowledge, you're going to lose the innocence of being happy because you know nothing.
That was Albert.
That was Albert.
So the point you have to choose in life, unless if you just want to live an innocent, happy life that you're just chilling, kicking, and not giving a shit about.
He couldn't even know.
You ask him what the Dow Jones says.
He's going to think it's a lady next door.
Hell Dow.
I said, hello.
But the point is, if you choose to really pick up a book and read, you're going to enter a world of damn.
I better kind of learn to make some adjustments.
But if you just want to live a life like Albert, dude, more power to you.
Every family needs an Albert.
He was happy in God.
This is igloring.
I'm not going to touch a goddamn.
Well, this is the difference between ignorance as bliss and as what we talk about.
Red pillar blue pill.
Oh, my God.
I think the problem is two things, right?
You showed the debt clock, and your reaction is amazing because I think a lot of people just, first of all, it's too big.
These numbers are too big.
You can't even contextualize what this means.
It's like, it's too much.
And what people do is they look at that and they say, oh, $30 trillion.
And you know what?
We're fine.
We're okay.
We're not like, nothing's blowing up.
Nothing's happening right in their immediate backyard where they can say that's why.
So they say, this is just too much.
I can't even wrap my head around it.
Whatever.
It'll fix itself.
There's that type of attitude.
It's not relatable to people.
People need to say, this $30 trillion, how does that affect you?
How is that?
If you don't tell people how it's going to affect them personally, their family, their paycheck, they're not interested.
I agree.
That's number one.
And I think secondly, I think this attitude of what Pat brought up of not asking questions, it's almost like we're being trained now to just accept things as they are.
Like, oh, debt, this is the new norm.
This is the new norm.
You have to accept it.
It's just the way things go.
If you don't have debt, you're not going to have nice things.
If you don't have debt, we're not going to be able to invest in education.
If you don't have debt, we're not going to get this.
So people are like, well, we have to have debt because if we don't have debt, we're not going to have all this stuff.
So, and people don't want to really look at the root cause of the issues, which is that we spend a ton of money on things that do absolutely nothing.
It's a complete waste.
There's a ton of bureaucracy that's not necessary.
Waste, fraud, and abuse.
Nobody wants to do the hard work, including, by the way, Democrats and Republicans in Congress who don't give two shits about these numbers.
They don't care.
They'll pile them on till Kingdom Com doesn't affect them.
They're going to be fine.
They're not worried about you.
So this is not a red versus blue problem.
This is a government problem.
And people need to start.
The thing is, you can be, you can have that state of bliss.
That's great.
And I used to be a person.
Let me tell you, I went through college.
I studied literature.
I didn't read the newspaper.
I was dating a guy who was into economics.
He was an economics professor, actually.
He was always like, hey, did you read the New York Times today?
And I was like, no, I didn't because I want to have a nice day.
So you're out there.
No, you're out.
I was.
And the price.
I was.
I love it.
I love it.
You know what?
I was the happy son of a bitch in college.
I smiled ear to ear.
I didn't need any of that shit.
But here's the problem.
You grow up.
That's great in college.
You then become an adult and this shit hits your backyard.
You then have a child and this shit hits your child.
You then try to save money and this shit hits you.
So that state of bliss, if you really want to start saving, if you really want to build a business, you can't live in that bliss because that bliss is not real.
So, you know, I get it.
I get the head.
Believe me, there's days I'm like, man, do I just go up in a spa somewhere and just, I don't know what to do with myself just not to worry about all this.
But you have to figure out a way.
Here's the thing, people.
Figure out a way to look at it, be realistic about it, figure out how it affects your family.
Don't get scared of it.
Strategize around it.
Strategize around it.
And you have to understand you can't control all this, but you can control some of it.
You can control what happens at the ballot box.
I'm not saying that that person that gets elected is going to care deeply about debt, but you know what?
You make certain decisions.
Someone might care a little bit more than someone else.
You can make decisions about where you put your kids in school.
You can make decisions about where you live.
You can make decisions about what job you get.
Don't allow these big numbers to make you feel powerless.
And also don't pretend they don't exist.
It's real.
This is reality.
You don't have to be buried by it, but you do have to be cognizant of it.
That's what I'm saying.
I agree.
I'm 100% with her on what she said.
Powerful way to transition into the next topic.
Quick shout out to some of the super chats.
Guys, if you got questions, put a super chat.
We may go through some of yours.
Thoughts on mortgage-backed securities crashing.
Miguel gave 20 bucks.
Thank you for that.
You think we're surprised?
I don't know why anybody's surprised.
It's going to continue going that direction.
Next, SN Network said, nice to see Avengers Assembly again with love from Svetan.
You are more than welcome.
Scott Rodriguez, 50 bucks.
Attitude is a little thing that makes a big difference.
You're right, Scotty.
Success is not final.
Failure is not fatal.
It is the courage to continue that counts.
If you're going through hell, keep going.
Everyone has his day and some days last longer than others.
We have Fadi Murad, huge fan of this show.
Love what you guys are doing, Pat.
You always invite guests with opposing views to your own, which really brings value to the audience.
Have you found anyone with a real argument supporting the economy?
Fadi, I will tell you, this seat right here is available for Dave Ramsey to come and sit down and talk all day long.
I think the audience would win.
I'd be more than happy to sit down and have a conversation with him or anybody else you want to recommend, put a recommendation down or tell us on Twitter and tag them and then we'll retweet it and go from there.
Captain Ahmed gave 20 bucks from Australia.
Best podcast, love from Australia.
Love you.
Scott Rodriguez, I want a cookie.
All right, next.
Next topic.
Do we want to talk about Iran or do we want to go into a lighter subject?
You want to talk about Iran?
Our families are from there.
We might as well.
Let's talk about Iran a little bit.
So Iran, obviously, it's been a mess.
If you've seen some of the videos, we talked about it, I think, on the last podcast on what is taking places there, place there.
At a reaction video I did to it.
But a few things that people need to know with Iran.
You know, everybody lives their lives and does their own thing.
But sometimes when you actually see what is really going on and what the climate in Iran is, you know, a lot of people, left, right, center, it doesn't matter what it is.
There are certain things that we all agree on when it comes down to men and women.
Okay.
The basic, basic things that we all agree on where everybody should be treated equally when it comes down to voting, marriage, divorce, you know, all that stuff.
But let me just give you some stats, folks.
This is Iran.
And you tell me how you feel about this.
Would you be okay living in a country that accepted this?
At age seven, girls in Iran are forced to wear headscarves to attend elementary school.
They can't go to school if they don't comply.
According to the Islamic law, if you kill someone, you have to pay some sort of atonement, blood money, to the family of the victim.
You ready for this one?
The money you have to pay for killing a woman is half the money you have to pay for a man.
Okay?
That is in Iran.
Women don't have the right to divorce their husbands.
They're basically stuck in their marriages as long as possible.
Their husbands want them to be.
Men have the rights to divorce their wives whenever they want.
Being gay, queer, is illegal.
The punishment for death for being gay in Iran is the death penalty.
Having a dog is illegal.
You can't take your dog out for a walk.
The police can literally take away your dog and kill it if they want to.
It's crazy.
I wonder what they do to it.
I think if they have a cat, they kill the dog and the cat and the owner is what they do.
Everybody goes down.
The cat is like, you got to be careful with that one.
They throw a stupid puberty ceremony for us when they turn nine.
They brainwash girls with this is a day you turn into a woman at nine years old.
They make us wear chadur, similar to Abaya on that day and force us to say Islamic prayers.
An Iranian man is allowed to have four wives at the same time.
Iranian women should be stoned, thrown stones until death if they are proven to have committed infidelity.
Partying is illegal.
Dancing is illegal.
Singing is illegal for women.
Women are not allowed to play musical instruments in public.
Satellite TV is illegal.
You can't go to the beach and sunbathe and swim with your entire family because it's illegal.
Young girls are forced into marriages with men they barely know.
Girls as young as nine years old are forced into these marriages.
Does this sound like a place you want to live in?
Does this sound like a place?
Now, here's the thing, though.
This is the part.
Yesterday I was doing a podcast with this guy, David, a Jewish guy.
Very interesting podcast.
He didn't like what Tate stood for, so he's got a big following on Twitter.
We did a podcast together.
It was very entertaining.
And, you know, I said to him, I said, here's the part on why I love everything being public.
Because ideas, good or bad, social media makes people listen to what I just read right now.
And some of you may have chills all over your body.
And you're saying, that's unfreaking believable.
That is horrible.
And then the world gets to say, these are horrible ideas, and common sense eventually wins.
A conservative woman, prime minister of Italy, who's one of the top socialist countries in the world, do you remember the COVID breakout in Italy just two and a half years ago?
What they did with the shutdown?
The country said we don't want this.
You're seeing in Iran, women are out there marching, protesting.
I got calls yesterday.
I'm talking, trying to do an interview with the Shah San Reza Palavi.
We're talking to Dariush, Gubouzh.
We're talking to all these guys to see if we can put on a concert to support with Iran.
I'm talking to all these different musicians, these people that are calling me big-name celebrities in the Iranian community.
People are saying we're sick of it because bad ideas get exposed.
And that's exactly what's happening in Iran today, which is a great thing.
By the way, Elon Musk did activate Starlink for Iran, which I think if you ask me, all these, you know, the other day, Joe Biden gave a humanitarian, I think, award to Elton John.
Yeah.
And I'm sitting there saying, when are you guys going to give a Nobel Prize to Elon Musk?
I'm going to keep saying that until these guys realize you're activating Starlink to give free internet access to places like Iran where we can see exactly what's going on and people can make a decision.
Because the government shut down.
That's a sad situation.
What are your thoughts from there as well?
How do you process it?
Well, the first thing, just on Elon Musk, because the government shut down the internet, right?
No, thank you on the internet.
Yes.
And you guys will feel me.
The first thing when I saw this past, especially because my mom and dad are from Iran, the first thing, I don't know why I jumped to it, is the people here, especially some of these hardcore feminist women, I go, they don't know nothing about this, right?
They complain about how horrible this place is.
But think about it.
As a woman in the United States, you can go to college.
You could have 90 cats.
Nobody's going to say shit.
You could sleep with everybody on the team.
You could get out, become a CEO.
You could do whatever.
You could go on the streets, march, make up with a girl, take your clothes off, burn the flag, say hashtag kill all men.
Nothing happens.
This poor girl, her hat was crooked and the morality police, they have fucking morality police.
Sorry for my language, beat her to death.
Okay.
So anytime I hear anybody complain, especially those feminists about this place, because Pat, you nailed it.
They don't know those.
They don't know those stats.
And to be honest with you, they don't give a shit.
They don't care.
So from now on, and I'm saying this to those people that are just so anti-America.
Take a timeout, take a step back, look what's going on.
Nobody knows, bro.
Are you kidding?
You can't have a dog.
That's like the least one out of the law.
You can't have it.
It's illegal to have a dog.
You're forcing people to wear kids on their heads.
You know what I mean?
Like, it's a perspective.
Nobody knows.
Nobody cares.
Great, great perspective by Vinny, and I appreciate that.
Remember when Pharrell's song came out?
I'm happy.
And then there was a group of people in Iran that just wanted to be happy and sing the song.
We never heard from them again.
Never again.
They just wanted to be happy.
I think to your point about Elon Musk and Starlink and the Nobel Peace Prize, look, for millennia, what were the three basic necessities that everyone needed to survive?
Food, water, shelter.
Okay.
And then over the last couple hundred years, that went to food, water, shelter, money, and resources, right?
So it went from three to four.
Now, today, food, water, shelter, money, internet access.
How many people are going to survive around the world without internet access?
Internet access.
I mean, the one thing people in Iran will need, the one thing Elon Musk is bringing to the table with Starlink is freaking internet so they can shine a light on what's happening there without it being basically in the dark.
Because like you said, nobody knows this kind of stuff.
No nine-year-old stuff, this seven-year-old stuff, no dancing, no being happy.
Frick, you can't even have a dog.
This is what the moolahs are doing in Iran.
You know, there's an interesting parallel to me here, though, you know, listening to this, because there is a thirst for freedom around the world.
You know, we're talking about Iran.
We can talk about Italy.
There's a thirst for freedom popping up, except here.
Except the land of the free.
What is happening here?
Where is the thirst for freedom here?
What I see in the United States is the opposite.
What I see is a spoiled, privileged, complacent population.
And, you know, it's interesting.
You talk about women's rights over there.
What Vinny was saying is true.
You're talking about this is what real discrimination looks like.
Thank you.
This is active discrimination.
When you talk about women's rights in the United States right now, you know what you talk about?
Allowing women to do late-term abortions on babies.
So we, who's lost here?
We are.
We are lost.
We are a society that we are supposed to be the land of the free.
We are supposed to be what other places look to and say, we want to do that.
What are we doing?
We have a bunch of people in this country and it's a large segment of the population that is very comfortable with being subservient to authority at all costs.
Authority tells you to lock down your business and you're like, okay, authority tells you to put a mask on your kid and send them to school, even though there's no data to support it.
Okay.
Authority tells you to get a mandatory injection that your doctor told you is not good for you.
Okay.
We just watched that unfold for two years.
So there is something wrong here.
And we have to really address that because you can talk about what's going on around the world.
And everyone says, oh, America is a beacon of liberty.
You can't even point to the military anymore.
You used to be able to point to the U.S. military and say, the U.S. military has one mission.
They have one mission.
They have one passion.
No, it's a bunch of people watching woke videos that look like they were built for small children.
It looks like blues clues.
You've got the military sitting and watching blues clues for the woke.
So this is a huge problem.
And until we face it within ourselves, you know what's going to happen?
You're going to wind up seeing freedom fights in other countries that are successful where they turn around and they say, these policies of the last 20 years, we don't want that anymore.
And you're going to have America going backward, big time, where you have all of these big government advocates squashing freedom and authoritarians are going to rise right to the top.
So what happens then?
And that's the huge parallel I see because I'm so tired, honestly, of people saying America, you know, America, land of the free.
Where?
Where is the freedom?
Show me who those freedom fighters are.
Republicans in Congress who sat on their asses for the last two years while businesses were shut down and said dipshit about it.
Where is it?
Show me where those freedom fighters are here because we can't be a beacon for anybody unless we're doing it ourselves and we're not doing it.
I think what you're talking about is here in America, we have what is known as first world problems.
Yeah.
Okay.
When a light is being shined on what real problems look like.
Okay.
I mean, we talk about what's happening in Cuba, trying to get people coming to Miami here right there.
What's going on in Iran?
I think in America, we become complacent, fat, lazy.
And what happens is your comfort zone will kill you.
And when you're comfortable, and I remember I interviewed a guy at the who spoke at the vault last year?
Kasparov.
He does the Oslo Freedom Forum.
And I interviewed basically the host of the Iraqi daily show.
It's like a comedian in Iran.
He goes, I go, what do you wish for the people of Iraq?
He goes, I wish, I wish that one day we could just sit there and be fat and lazy and watch reality shows like America.
That's how we'll know that life is good.
But to this day, we can't just sit down, turn on the TV, you know, be fat, lazy, put a microwave meal in and just watch reality TV show, right?
Adam, let me just say this.
It's twofold.
Yes, it's first world problems.
We're spoiled.
We're lazy.
We're fat.
All those things are true.
But it's also, there are people here.
Joy Behar wants to be told what to do.
There is a portion of the population here that wants systems of big government telling them what to do.
They are uncomfortable with their own personal decision making.
They are uncomfortable with you making your own decisions.
They're uncomfortable with personal responsibility.
They are uncomfortable with the values that built this country and made it the land of the free.
They are out to turn it around.
They don't want America to be the land of the free.
If they wanted that, they wouldn't have wanted you to have to get a mandatory shot to walk into a restaurant to eat a damn sandwich.
They don't want that structure.
So when people say, you know, there's a lot of, my friend Jesse Kelly on Twitter all the time is always like, the communists, the communists.
And when he first started saying this, I was like, oh, this guy's out of his mind.
Now I'm like, the communists, the communists, because it's real.
There are people here who want to undermine what makes this country great.
So if some of it is first world problem, sure, the lazy, the complacent.
And some of it is a deliberate effort by some to wreck this country.
That has to be gutted out like a cancer.
Do you actually think they want to wreck this country or they just don't know better?
Because I don't think anyone that you just talked about literally wants to freaking out.
I think they want to change drastically.
You remember Barack Obama's fundamental transformation of the United States of America?
Well, here it is.
Here it is.
Less freedom, less personal responsibility, more authoritarians.
He was very comfortable with that spread the wealth.
When he said to Joe Plummer, you know, when you spread your money around, it's good for everybody.
He meant it.
He meant your money and your money and your money, just not his money, just not his money, because he's fine.
And if you send the immigrants over from Texas to Martha's Vineyard, just don't put them on his backyard.
Exactly.
So it was a separate set of rules for thee, but not for me.
And that's real.
So yes, they don't realize it's going to wreck it because they're not, these people don't look at history and say, oh, look, every communist country, oh, it's been destroyed.
That's interesting.
And they think they're going to be the exception.
You know, in every communist country, there's the elite at the top that do just fine.
They're like, well, it won't.
Hollywood's like, well, I'll.
We just haven't done it the right way yet.
That's the constant thing.
We just haven't done it the right way.
And there's a lot of dumb in there, too.
I hate to say it, but liberalism can liberalism is not grounded in reality.
It's not grounded in fact.
And it's not grounded in successful politics.
They're just not.
It's just not.
It's not.
This stuff is not rooted in growth and opportunity.
It's not.
It's rooted in authoritarianism.
It will ultimately wreck any society if that's the path you follow.
And they see it, right?
And then they see it, Pat.
They see it just to add, they see the crime.
They see these things and they ignore it.
They willfully say, oh, it's not crime.
What are you talking about?
What do you mean?
You can't walk down the street without getting mugged.
What are you blind?
You're wearing blind flies.
Yeah, what do you mean?
They change the definition to inflation, remember?
They're changing the rules as they go.
Jededai is on fire today.
I love it.
I love it.
What's the land drink?
What's the bad exact five?
But I'm going to tell you, this is what I'm convinced, and I'm fully convinced with this, is bad ideas eventually get exposed.
It's the best thing about leaving this stuff on social, let people read it for themselves and do research, and eventually they get exposed.
It happens all the time.
The best thing that happened with social media, the best thing that happened with social media, is good idea, bad idea.
Doesn't matter.
Everybody got exposed.
Good or bad idea.
Everybody got exposed.
If you think about some of the guys in the Christian community, the churches that were abusing their members to make money, guess what happened to them?
They got exposed.
You know that one pastor that's sitting by his plane and he's like, let me pray for you.
Let me pray for you.
And the lady's like, no, but let me ask you questions.
Can you tell me why you need a fifth jet?
Because God wants me to think.
Well, listen, that guy got exposed.
But at the same time, you see the rhetoric in Iran when you see what these guys are.
This is getting exposed.
The best thing with social media, we need more of these types of things happening.
But while this is going on, watch what happened in Italy.
I'm going to give you two different articles.
I'm going to give you two different articles.
Your video that you just did about your response to Andrew Tate, it wasn't just a response to Andrew Tate.
You were talking about exposing everything.
I mean, I don't know if that's kind of what you were alluding to on that, what the Turkish prime minister had to say or a member of parliament.
Just basically— People are not dumb.
Exactly.
Listen, people are not dumb.
We are not dumb.
Sometimes people think everybody is dumb.
People are not dumb.
They can sit there and say, that just doesn't, a kid knows when something doesn't make sense.
We are born with knowing when something just doesn't make sense and they're going to get exposed.
I want to read you two articles, okay?
So one is from CNN, one is from Wall Street Journal.
Then I want you to watch a speech.
Then I want you to know how CNN responds back to it and what they call this lady.
And then see if you think she does sound like somebody like what they're calling her.
So I'll read you the Wall Street Journal article first, okay?
Italian right-winger Giorgio Maloney wins election as economic clouds gather.
Italians elected a right-wing coalition to lead the country, choosing an untested leader who will confront Europe's gathering economic downturn and energy crisis resulting from Russia's invasion of Ukraine.
The incoming right-wing government will face difficult decisions over how to protect Italian households and businesses from sky-high prices for electricity and natural gas.
Italy's perilous public finances allow limited scope for fiscal largest.
EU governments have so far struggled to agree on collective intervention to tackle energy costs.
Aware that any adverse reaction by bond investors could further hurt Italy's economic outlook, she has sought to reassure financial markets that a government led by brothers of Italy would seek to maintain fiscal discipline.
Okay.
So that's Wall Street Journal.
Okay.
And the way she's going to do it is that constraints could leave limited scope for the radical tax cuts that some in the right-wing coalition want.
Okay.
Radical tax cuts.
Okay.
Now, let me read you CNN's.
You ready?
Here, CNN.
Same story, same day, different title here.
Giorgia Maloney claims victory to become Italy's most far-right prime minister since Mussolini.
Mussolini.
That's the title.
Brothers of Italy's leader, Giorgio Maloney, have claimed victory in a general election that seems to get set install her as Italy's first female prime minister, leading the most right-wing government since the fascist era of Benito Mussolini.
Key word, fascist.
Maloney entered Italy's crowded political scene in 2006 and co-founded the Brothers of Italy in 2012, a party whose agenda is rooted in Euroskepticism and anti-immigration policy.
In the last election in 2018, the party won just by 4.5%, but its popularity has soared in recent years.
I wonder why.
Underscoring Italy's longstanding rejection of mainstream politics, a 45-year-old mother from Rome, Maloney, is deeply conservative, openly anti-LGBT, and has threatened to play same-sex union, which were legalized in Italy in 2016 under review.
She has also called abortion a tragedy, rising fears for the future of women's rights in the country.
So, now, for some of you guys that haven't seen this video, I put it on Twitter yesterday from another person that I put.
I just won't tell you what happened to her clip in a span of a day.
Okay, 18.3 million views in a day.
So, just listen to her.
First, see if she sounds reasonable.
You have to read the captions to see what it says, and then we'll tell you how you feel about her.
So start it from the beginning.
It's on the attack of the religious identity.
It's on the attack of the gender identity.
It's on the attack of the family identity.
No doubt, you can definitely do it from a number.
Because when we go, when we have a identity, when we have purity, perfect invalid financial speculation, and consumatory perfection,
This is the reason for which we are afraid of today, this is the reason for which we are afraid of today, this is the reason for which we are afraid of today, because we don't want to be a number, we are here to say that we are not a number, we will defend the value of the human being, of every single human being, because each of us has a unique genetic code and repeatable.
And this is why the sacro.
Different, defender models, the padre, the family, that was not here.
The farebox per defender of the libertarian, because no more simplify consumatory invalid of the speculation of financial speculation.
Esco la mission is because no vegetables.
Chesterton for my puedi unsecolofa.
Fu verano tizadi, per demonstrada que dú pu dú fa cuat spa de veranos guenate, per dimonstrada que folia sono verdi en estate.
Cuel tempo eribato, senori.
Siamo pronti, gracia.
Okay.
Can I say one more pet that struck me, bro?
That is, first of all, amazing.
I love her.
I didn't watch the whole thing.
I saw clips.
And how this is how the left side and the other side works.
If you saw that clip, Jeff, and you didn't have no subtitles, you didn't know what the hell she was saying.
See it?
They'll take just her yelling and being aggressive and be like, look at how she looks like a Mussolini.
Look how she looks like she's aggressive.
And look at her anger.
You have no idea what the hell she's saying.
And look at the message she just said.
She's really woke, Jeff.
I loved it.
I loved it.
And it's interesting.
If I saw in the chain, people were responding and people were saying, Can we get her over here?
Because, and it's true.
If you look at American politicians, there's such a diluted version of that.
Like that, that looks like a real person.
That looks authentic what she's saying.
It doesn't look like a programmed robot coming out and saying a bunch of talking points.
But I think this message is terrifying to authoritarians.
It's terrifying to folks on the left.
By the way, it's terrifying to folks on the left in this country because they see the vigor with which a lot of people in America responded to this.
And they're like, oh, we don't want any of that.
Look at what she's talking about.
God, country, family, freedom.
The power of the individual.
She's talking about facts.
She's talking about basic facts being ignored.
That's a pivot to gender identity.
She's talking about the fact that we've just left that whole realm of the objective for this subjective whatever by which we can inject woke politics into everything.
I thought it was a very, very powerful speech.
I think it's this is what the left's been battling in the United States for a long time.
I mean, you remember back to the 2008 presidential election, them making fun of people who clung to, who were clinging to Bibles and their guns and going after these concepts of individual liberty and individual freedom.
So I love seeing it there.
I think it's important to see it there.
But more than anything, Republicans in this country should be embarrassed.
They should watch somebody like that.
They should feel lazy.
They should feel embarrassed, humiliated.
And somebody should get off their ass and really start talking because it's not safe.
It's not safe like here.
Like, oh, freedom is safe here.
It's not.
It's not safe here.
And we shouldn't be relying on other countries and leadership in other countries to say what we should be saying and doing here.
I think DeSantis is the closest, if I may, is the closest that we have to that type of leader.
I think so.
The way he speaks, the way he doesn't care, the way he doesn't hold back, the way he's just, you know, raw, that, to me, that's the female version of Ron DeSantis.
I mean, she's, that's, that's, I'm a fan.
I love her.
She's amazing.
The question you have to ask is, why?
It's a very basic question.
Why did that video go viral?
Why?
It's a very basic question.
Why did 19 million people in, how long was it up, by the way?
I'm actually really curious.
Why did 19 million from the moment the guy posted?
I'm going to go to the account.
Was it two days back?
Yeah.
Why did he, this was posted 9:25-22?
What's today's date?
27.
And it was posted at 11.34 p.m.
So it's not really two days.
It's really, it's really 36 hours, 35 hours.
Why has this thing gotten 19 million views in the world?
You think the people want to do it?
Is it because 19 million people hate it?
Or is it because 19 million people say, dude, this is kind of how I feel?
And by the way, it's 19 million people who retweeted this.
Out of the 19 million people who retweeted, how many of them don't speak Italian?
Do you realize 19 million people retweeted a message just to read captions and to feel her energy, knowing no clue?
I don't speak Italian, but I relate to this woman.
How do you process this, Adam?
Well, I'm not ready to anoint her the best president ever.
I mean, she's been in office one day.
So let's just pump the brakes here.
If you're about, you know, we're nobody here saying best president ever.
Exactly.
People are saying a message that she gave.
Nobody's best president ever.
And that allows me to speak about the message now.
Clearly, this is someone who's passionate, speaking with conviction, and people want authenticity.
You can tell that she's just like, yo, here's the freaking deal.
So I respect that.
But I'm not going to rush to judgment.
We're all familiar with the Jeremy Lynn analogy.
Just one good game or one good string of games doesn't make a career.
So I'm not sure.
Adam, nobody's going to judge her policies.
The message is what we're talking about.
How do you feel about her message?
I don't care what the message she gave.
Why is this message doing so well in a time like this?
Why is her message?
Why isn't Italy that was a socialist country forcing everybody to stay home?
This country that has gone through all the high taxes, all the high regulation, all the high bullshit, why is it all of a sudden they want somebody like her?
Why is this message resonating with the people?
Well, listen, I watched a few of her speeches, not just this speech.
Okay.
So I'm not going to rush to judgment and pretend I know all the answers to freaking Italian politics.
Clearly, she speaks with authority and with conviction, and respect to her for that.
And respect to her for being the first female prime minister in the history of Italy.
So respect.
And if you go through her speeches, she says things like world problems require everyone's contribution, respect, mutual respect for people, democratic system.
I look to unite, not divide.
So all these are all great talking points.
The flip side is she's anti-LGBT.
So, there's going to be people talking about that's literally the stance of their party.
What is it?
What does that mean?
How does that manifest?
No, because people are called anti-LGBT here in the United States because they don't want people who identify as a certain gender to be able to use a bandwidth.
Her party agenda is rooted, is rooted in anti-immigration.
Yeah, I would be curious what I don't trust.
What I'm saying is, I don't even trust that description because they say anti-immigrant if somebody wants to have a secure board.
So, I just don't trust her.
I'm okay with that.
I'm just, I get it.
Yeah, I'm just genuinely letting you.
It's not against you.
I'm saying, I'm just genuinely curious about that.
I'm just giving you both sides of the equation.
I'm not saying that I'm ready to anoint her as the best leader ever.
Just clearly, she's been getting a lot of eyeballs, and that's great.
Just from that speech, she's pro-family and she's tired of X or Y or Z or male.
She's tired of the woke shit.
That's what I got from that.
I don't know.
Okay, so let me tell you: New York Times, an article came out about her saying she's against gay couples adopting kids.
Okay.
Okay.
So she's against gay couples adopting kids.
That is something she's not comfortable with.
If that's anti-LGBT, then that's her position.
She's not for gay couples adopting a kid.
But he's also threatened basically to do away with same-sex marriages.
I don't, this is not anything I really am obsessed with at all.
I'm not gay.
This is not something that I believe in.
But if people want to get married, that's on.
Lucas owns exactly.
100%.
I'm just letting you know what she stands for.
But the bigger message here, and this kind of will circle back to what our friend said in 2011 about being a financial speculator, is she said it multiple times that I want people to be an individual, not a number, right?
And basically, she's calling out what she calls as us being consumers or just labeled as consumers by these massive conglomerates and basically not being at the whim of financial speculators.
So I'm interested to see what she does with the Italian economy because I've been to Italy and like the whole knock on Italy is the northern half of the country basically supports the whole southern half of the country.
The whole southern half of the country is basically just on perennial vacation.
They don't pay taxes.
They're just drinking.
They're just doing their thing.
Plus, she's got an uphill challenge.
Pat can speak to this all day.
The mafia still controls a bunch of stuff in Italy, taxes, this kind of stuff.
So awesome.
Amazing speech.
Oscar, amazing, great.
Gold medal.
I'd like to see what actually she does before I anoint her, the Queen of Italy.
I care less about what she does.
Let me tell you why I'm processing this.
I care less about what she does.
Since they started their party, people know what she stands for.
It's not like it's a new thing.
Like she's been coming up since 2006 when she hit the political scene.
So since 2000, for example, people are going to know if, let's just say Jedediah runs in 10 years, right?
Let's just say she does.
I mean, it's a realistic, it's a candidate.
It's a realistic candidate.
We're talking Jededai does something 10 years from now.
Could happen.
If she does in 10 years, people are going to know her stance since the meeting with Hillary Clinton.
They're going to sit there and say, okay, this is what she stood for.
And they're not going to say, all of a sudden, Jedediah is this.
To you and I, we've not seen her because we're not in Italy.
You're right.
We're not part of Italian politics.
But for a person, a woman, to win prime minister, first ever to win, this tells you the fascists that they're talking about, the Republicans they're talking about, they don't care if the prime minister is a man or a woman, but they care that the values and principles that they believe in is protected by a leader.
They don't look at her as a woman.
I don't look at her as a woman.
I look at her as a leader.
Of course, she's a mother.
She's a wife.
She's got all this Christian, but I look at her as a voice, as a leader.
And the only thing you have to look at is why is this message resonating today with the Italian people?
Are they sick of what happened the last two and a half years that they vote for somebody like this?
Salute more power to the people of Italy.
Pat, quick question.
How long is there a term for those type of people?
I didn't tell you.
Did you know, Ty?
I'm looking.
Okay, because I'm curious, like, is it like five years?
Is it 10?
Like, how long was the last prime minister in there?
Yeah, I mean, he'll pull it up.
What's your question?
What's your question?
She says, Also, I mean, I think your question about why it resonates, I think it resonates because there's a huge void of this.
It is a void of somebody who will do this.
It takes a lot of courage and guts to do this, to say these things.
It resonates with people in Italy because all of those backward policies, which by the way, we're now trying to institute in the United States, buried all of the Italian people.
And they're like, No, I'm sorry.
I want to be able to feed my family.
I'm not interested in this nonsense.
That's why it resonated with them.
It resonated with people in countries like the United States of America because we're going the wrong way.
And we're trying to say, Hold on a second.
We don't, do we really need to be buried to wake up?
And the reason I brought up that point to you, Adam, was not to pick on you for saying anti-LGBTQ and all that.
The reason I brought that up is because it actually really is an important political point, which is that the left often controls language.
So, this is a Christian.
Instead of calling her anti-L LBGTQ, why don't you call her pro-traditional family?
Why don't you call her pro-she's religious?
She doesn't believe in same-sex marriage.
That's not a reason to, she's not anti-she's pro-something.
So, we do that, anti-immigrant.
Why?
Because you want to secure borders.
So, I just encourage people to always just not fall into that trap.
Now, I don't know the specificity of her policy on this, that, but just be cautionary about being these labels that they throw out there.
You know, it's the same as all racist, bigot, anti-traditional, you know, they throw these labels out when they want to just have somebody look like a bigot.
Instead, you know, she has her own set of values, she has her own set of things she believes in.
She's religious.
There are people religious all over the United States, by the way, who don't believe in same-sex marriage, not because they hate gay people, but because they're religious, and that's they're looking at the Bible, they're not bigots.
So, just be careful with accepting the language of the left because it's meant to stigmatize.
I agree, I agree, phenomenal.
This was great to you know, see her views.
And, folks, if you're listening to this and you know, agree with the audience that's responding, I'd be curious to know how many guys listen to her message.
You say, you know what?
I was impressed by it.
Give it a thumbs up.
If you're like, Yeah, whatever.
I'm not really the message, didn't do anything for me.
Give us a thumbs down.
We actually wouldn't mind seeing.
Put a poll down there if you can, Tyler.
I'd be curious to know how the audience is receiving her message.
The next thing I want to talk to you guys about is this whole nuclear conversation.
And if it happens, how ugly could it get?
I got a few notes here that I want us to get into.
But before we do that, let me give a quick shout out to today's sponsor of this podcast, which is Aura.
A couple things I want you to know in regards to Aura.
They're one of the top identity theft companies in America.
And we've chosen to partner with these guys for a couple different reasons.
Number one is, you know, 1.5 million identity theft scenarios took place last year in America.
You ready for this?
For a total of $52 billion.
Let me say this one more time: $52 billion.
So a lot of times, before this happens to you, you don't think it's going to happen to you.
Every 14 seconds, there's a new victim.
On top of it, in the history of America, cybercrime has officially exceeded home robbery.
It's officially number one that this happens.
We had one of our guys take Aura, Aaron, went up there and says, Let me see what Aura can test for myself.
Over 40 different of his passwords were public in the dark web.
Over 40 different passwords.
Some of you guys may have passwords.
I've gone through this before.
If you haven't gone through it, it's very ugly, whether it's social security, credit cards, any of that stuff.
So, you know, if you haven't done that, I suggest you look into these guys.
What Aura does is they monitor the dark web for your emails, passwords, social security numbers, and sends alerts to you right to your phone and email.
When it comes to fraud, every second matters.
Connect your credit card, bank accounts, and get notified of any changes up to four times faster than Aura's competitors.
Their VPN allows you to stay anonymous online by keeping your browsing history and personal information safe and encrypted.
And their antivirus software will block malware and viruses before they infect your devices.
Having said that, protect yourself, protect you and your family from America's fastest-growing crime.
Try aura-free for two weeks and see if any of you or your family's personal information has been compromised.
You can start your 14-day trial at aura.com forward slash PBD.
Once again, aura.com forward slash PBD.
Aura is spelled A-U-R-A.com forward slash PBD, free 14-day trial.
Go take advantage of it.
We're going to put the link below so for people to be able to find it as well.
So, having said that, let's talk about this story of nuclear bombs.
And this is from CBS, by the way.
It's not like it's a blog or somebody that just wrote it for the heck of it.
CBS writes this article, okay?
And the title reads: Nuclear war between U.S. and Russia would kill more than 5 billion people just from starvation, study fines.
Even a relatively small nuclear conflict, such as one between India and Pakistan, would be devastating.
A week-long nuclear war involving 100 weapons and the release of 5G, 5 TG, about 11 billion pounds of suit would kill 27 million people directly.
The study said after two years, the international trade at a halt of 34.7 degrees Fahrenheit temperature dropped.
The famine it creates would kill 255 million people.
Assuming that the rest of the population got the minimum food needed to survive about 1,999 calories per capita per day, the largest scenario examine a week-long war involving 4,400 weapons, 150 TG, 330.6 billion pounds of suit, such as one that would occur between the U.S., its allies, and Russia would kill 360 million people directly and more than 5 billion people from starvation.
And when you hear a story like this, we had Dr. Peter Dry here.
Peter Pry.
Peter Prye here twice in one month.
First time we ever did that with a guest.
He came in here.
We talked about Nuka.
He's one of the leading voices in the world, leading expert voices in the world in weapons of mass destruction, nuclear bombs.
He just died a month ago, by the way.
Rest in peace.
He died a month ago.
We had him four or five months ago.
You know, Putin making the prediction on a nuclear weapon that if you do this, you know, we're going to do this.
And the U.S. warns Putin of catastrophic consequences if nuclear weapons are used in Ukraine.
This is a Reuters story.
The U.S. would respond decisively to any Russian use of nuclear weapons against Ukraine and has spelled out to Moscow the catastrophic consequences it would face.
U.S. National Security Advisor Jake Sullivan said on Sunday, et cetera, et cetera.
Okay.
What is the likelihood for any one of you, you know, percentage-wise?
What is the likelihood that Putin uses a nuclear weapon against Ukraine at this point?
What do you think?
What do you think it is?
Let's just hope that it's freaking very low.
Tyler, where are you at?
What do you think it is?
With Putin using nuclear weapons?
Against Ukraine.
We keep sending Ukraine $50, $60, $70 billion.
I think the percentage gets higher and higher and higher every day.
Again, we're talking about Iran, right?
And the protests in Iran and the people standing up for freedom and actually something that could be pivotal in not only the Middle East, but the world, right?
If they were to overthrow the government, this could fundamentally reshape the Middle East and the world.
Yet we have no concern about it, right?
We want to send off $50, $60, $70 billion and sit there and kick Vladimir Putin until he turns around and he punches us.
What do you think is going to happen?
Like, this is our fault.
I think we need to get out of Ukraine.
The idea that Ukraine was going to then move, or excuse me, that Russia was then going to move into Poland and totally reform the USSR is absurd.
He knows he doesn't have the power to do that.
He knows exactly what would happen if he did try to do that.
He wanted to take over Ukraine because we kept pushing to put NATO in Ukraine, have Ukraine become a part of NATO and put the U.S. military and nuclear weapons at his doorstep.
And he knows better than that.
I think the chances of him using nukes get higher and higher and higher every day.
Is it at 1%?
Is it at 5%?
Is it at 10%?
What do you think?
I don't think it's a full-scale nuclear weapon.
I think it's a tactical nuke.
But I think it's at 15%.
I don't know.
There's part of what you're saying that I agree with.
Like, we're pushing Putin to the edge.
And I've been saying this for months now.
We got to get this guy an off-ramp.
If there's anything that he demands, it's respect.
If you're feeling disrespected and you're backed against the wall, you know, you're going to lash out like a scared animal.
But I don't agree with you, Tyler, on what is he going to invade Poland?
It's like there's a reason that freaking Finland, who has been basically, you know, abstaining from being a part of NATO for 50 years, is like, yeah, we're going to join now because they share a 400-mile border with Russia.
So if they can just walk into Ukraine, next thing you know, they're walking into Finland.
Next thing you know, we're walking to Poland.
These are legitimate concerns from bordering countries.
So I do trust that our government knows what they're doing in relation to Ukraine and Russia.
That's fine.
You can be on the other side of the table.
That's good.
But I think Anthony Blinken, who's basically running the show over there, is a very competent individual.
He just, I mean, that's great.
This is why we're in fucking America.
I have your proud boy opinion.
I can have my soyboy opinion.
We can meet in the middle.
It's all good.
But I do think that the world has basically spoken that a madman just can't just walk into other people's countries and redefine borders.
When did they just magically become a madman?
Why was he not a madman in 2016?
Let's just say a power-hungry guy.
Let's just say it like that.
I know that your side wants to advocate Putin.
That's your guy.
You kind of have a poster up on his wall.
I get it.
I'm with the ad hoc.
However, why do you think he didn't do this in 2016?
What was the first thing that Donald Trump wanted to do?
He wanted to abolish NATO.
What was the point of NATO?
Was to keep the USSR in check.
Where's the USSR?
They haven't existed since Ronald Reagan.
The first thing Trump wanted to do was abolish NATO.
And that's what kept Vladimir Putin at bay.
Yeah, because if somebody's going to abolish NATO, you're just going to let them do what they want to do.
What's the phrase?
If your enemy is basically shooting himself in the foot, go ahead and let them shoot themselves in the foot.
Of course, if the president of the United States is talking about abandoning NATO, if you're Putin, you're like, have at it.
Why do I need to do anything to make this happen?
You're going to talk about it doing anyway.
And there's a high likelihood that if Trump was re-elected, he'd be pushing more and more and more to get out of NATO, right?
So I don't agree with this presumption that if Trump was there, then who knows what happened with Putin?
Putin's been basically been calculated this entire time.
If there's anything you want to say about Putin, is that he's calculated.
So maybe I misspoke about the madman thing, but the guy could turn into a fucking madman if basically we don't give him an off-ramp.
I think the percentage is kind of in the low, but like I don't know if you guys saw the interview with Jordan Peterson with Piers Morgan.
And I mean, it was scary as shit because he even asked Jordan Peterson.
He goes, he probably could.
I mean, like those tactical little dirty nukes, bro, it's not like a missile and it just, it's dangerous, bro.
I don't know.
And especially like this winter's coming, he's in charge of what all the, you know, I forgot the quote was something about you could, he who controls the money isn't in power.
It's the person that controls all the, like, you know, the, the, the food and the, and the supplies and shit.
It's going to be a really, really bad winter for Europe.
Because, and, dude, I'm telling you right now, they're going to keep pushing him and keep pushing him and keep pushing him.
He could do it.
I would say it's at like a 15 to 20 percent.
Why didn't we have the same reaction when Putin invaded Crimea?
Why didn't we have the same reaction that, oh my God, he's going to reform the USSR?
Why all of a sudden now it's Ukraine that he invades Ukraine that he's going to reform the USSR?
Obama sat back.
He said, give me space.
I'll give you what you want.
And he walked into fucking Crimea and nobody cared.
Six people died in Crimea.
That was it.
And he took it over.
And like, fundamentally, not much has changed.
But now all of a sudden he wants to walk into Ukraine and everybody loses their mind.
So we're sitting there.
Essentially, what's your point?
That we should do nothing in Ukraine and just let us got to do this.
I totally disagree.
The Obama doctrine was that that was done with an interview with Barack Obama in like 2014.
Obama said, we have no fundamental interest in Ukraine.
It serves us no purpose.
He said this out loud.
He said, we have no interest in defending Ukraine because it doesn't serve us a purpose.
Again, it was the third most corrupt country in the world.
It still is an exceptionally corrupt country.
And all we're doing is pissing off Vladimir Putin, losing money, losing arms, getting to a point to where we can't defend ourselves, and we're pushing him into the arms of Xi Jinping, who is an actual real threat.
Vladimir Putin is a bully.
He's nothing more than an annoyance.
If we wanted to flatten Russia, we could do it.
They also have more nuclear weapons than us.
So no, I mean, you're kind of speaking out of both sides of your mouth.
So what's your ultimate point that we should not be in Ukraine whatsoever and that we should just let Putin push around his weight and just start invading countries left and right?
Because after Ukraine, how do you know he doesn't go into Finland?
There's a fucking reason that Finland, after 50 years, joined NATO.
So if you listen, the prime minister of Finland just spoke out against this.
He went on to free Zakaria, who's a very credible news source.
And he's like, yeah, I've been meeting with Putin for years and years and years.
I've never seen him like this.
And he asked a very specific question.
He goes, what effect did COVID, do you think, have on Putin?
And he goes, I think he's been isolated by his palace, in his palace, all by himself, and he's kind of going stir crazy.
And the madman tendencies are coming out.
If you're by yourself and nobody's around you giving you influence, nobody's talking sense to you, who knows what he's going to do right now?
So if you're the world and you're looking back and you're seeing a strong man walk into a country and start taking it over, it's a little bit different than Ukraine.
I'm sorry, than Crimea, when you walk into Kiev and you start basically killing innocent people and nurseries and old age homes, it's a little bit different than just six people being killed in Crimea.
It's a little bit different.
So if you don't stand up to Putin now and you just let him do this, what you're clearly advocating, what's next?
So no, I'm an advocate of standing our ground, the world standing the ground, the EU standing the ground saying, no, this is completely unacceptable to just start recreating borders.
I'm not an advocate of that.
Are you?
Well, that's what we're doing currently.
And it feels like in the U.S. that the same administration that wants to defend Ukraine's border doesn't want to defend the southern border of the United States.
That's a totally different concept.
Now you're going on to a different thing.
I'm asking if you're okay.
Why is it our business, though, Adam?
I want to know, because here's the thing.
The number is actually, I think, lower.
I think it's probably right now at about a 5%.
But Tyler's right, in my opinion.
I do think that when you poke the bear and poke the bear and poke the bear, that number is going to rise.
So my question is, why has this become the new cause here in America?
Why are we sending money?
My opinion is we should not be sending a dime to Ukraine.
What is the justification for that?
It is a deeply, deeply corrupt government that has been elevated by most of the hard left in this country as another America.
They present it as if it's this great democratic republic.
It is not.
It is not.
And if the new mantra here is that we need to intervene every time Putin does something or every time, to what end?
So I'm just trying to figure out the long-term strategy of that.
Is that that we get involved and send financial and otherwise assistance to every country when this happens?
Why is Ukraine different?
Why did, isn't it interesting to everybody that the entire American media jumped on board with this talking point from the get-go?
The entire American media on the left, who is largely non-interventionist at their core, why are they suddenly so passionate about us sending a ton of money to Ukraine?
And why has Zelensky become this, I mean, you see him as if he's like the second coming of Christ.
So I find that highly suspicious in a government that's deeply, deeply corrupt.
Again, this is not America number two.
And by a lot of people who generally speaking are very much, well, stay out of it unless they come at us.
It's none of our business.
Stay out of it that suddenly have this heavily interventionist approach.
I find it all highly suspicious.
I don't think we should.
So if I at all.
You bring up some very valid points right there.
And if it was just the U.S. that was basically funding this operation, I would have legitimate questions as to what's going on.
But when the entire EU and a NATO who's on that side of the world is basically saying, yeah, we're on Team Ukraine, yeah, that kind of makes a little bit more sense to me.
So if it was just the United States, I clearly hear you on that.
But I don't know something about what is the strategic interest for us, though, in getting involved in Ukraine in particular?
And is there going to be a strategic interest in getting involved in Finland in every area that Putin decides to or not to touch?
What is the strategic American interest in doing that?
Yeah, I mean, that's something that you should ask Anthony Blinken.
No, I don't need to ask Anthony Blinken because it doesn't exist.
So the question I have is you're just okay with strongmen basically recreating borders.
No, that, I mean, listen.
That's a legitimate question, though, Jim.
No, I mean, do I love Putin?
No.
Am I a Putin fan?
Do I wear a Putin shirt?
No, I don't.
But there has to be a reason for involvement.
If you're going to send, first of all, this country is broke.
We are broke.
The people of this country are broke.
There is no justification for sending money out unless there's a strategic interest for the United States.
You know, this whole America first, people are struggling here.
They can't even put food on their table.
The gas price is this, that.
Everybody wants to complain about that.
And then it's like, oh, let's send more money.
If we are going to send our money out and we are going to poke the bear over there, which we are doing, and we are going to invite a higher level of risk assessment for people in the United States with every move we make, then there damn well better be a strategic interest that can be delineated, that's clear, and a long-term plan.
I don't see either of those things.
And I see a deeply corrupt government that we're rushing to defend with no justification.
So my 100% vote is stay out of it.
That doesn't mean I endorse Putin.
That means that not every instance will warrant United States intervention and justify that.
And in this case, it does not.
I'm totally okay with being non-interventionalist, 100%.
Sending them money is being.
Yeah, but it's a different thing.
This is a proxy war.
This isn't fucking Vietnam.
This isn't a disaster that happened in Iraq and Afghanistan.
If anything, we've learned our lesson that we can't send our troops into these countries to try to make a difference.
Why are we sending our money?
Well, because that's basically what we have, the resources that we don't have.
Of course we do.
We don't have it.
We just talked about the debt.
We don't have it.
We don't have that money to spend.
That's extra.
We don't have that money.
We could easily, Tyler brings up the border.
Everybody wants to laugh about that, but we could easily take that money and put it toward defending our own borders where we have a flood of dangerous drug cartels that are coming across the Texas border every day.
Nobody seems to care about.
Take that money that we're sending over to Ukraine and actually do something to protect our own border from this influx of horror that's affecting a human trafficking surge that's a disaster.
We have plenty of things that that money needs to go to that it's currently being sent to Ukraine where there is no strategic interest.
So I think it's no-brainer.
And I think there is something deeply corrupt going on at the high government level that is that is then filtering out to media that is encouraging this.
And it's very dangerous.
Pat just mentioned that article about U.S., this one is from Reuters, where U.S. warns Putin of catastrophic consequences of nuclear weapon used in Ukraine.
And U.S. would respond decisively to any Russian use.
What does that mean?
Respond decisively.
You're going to enter a war with Russia now over Ukraine?
This is utterly insane.
This is, we are now in insane turf.
And it just, it's whackadoo.
And Adam, my point with Crimea, only six people died.
So they estimate 80,000 Russians have been killed in this conflict.
How many do you think would have died if the United States wasn't sending weapons, money, ammunition, funding, arming the Ukrainian army?
Yeah, well, I mean, if you want to know a larger strategy that the United States probably has is they would love to see Putin out of office.
And if you're seeing what's happening right now in Russia and then he just what called up 300,000 reservists, people are protesting.
Okay, so you have a strong man in Russia.
They don't even have, it's not even oligarchy.
It's a freaking thugocracy, okay?
It's him and his thugs basically just siphoning off money for themselves and just doing what they want in the country.
And I think at the end of the day, United States, this is not something that we stand for.
Now, we can kind of go about different ways of basically dealing with them and who's right and who's wrong.
But in terms of values and principles of what we stand for in America, Russia and Putin is not it.
Neither is what's going on under Zelensky in Ukraine, though.
That's the thing.
It's been glorified.
It's been twisted and distorted.
And you're not wrong about that.
We don't stand for that either.
So why?
We don't stand for any of it.
So stay out of it.
And this government stays out plenty.
Remember the Iranian revolutions during the Obama years?
We stayed out of that.
Why?
People were saying, oh, that they're in the streets.
They're talking about freedom.
They're talking about freedom.
They need help.
They need help.
And they're like, no, Let's not even get involved in there.
So this something, this is something deeply corrupt and political.
Because if we were going to get involved, that's internal.
Was there a proxy war that we could have fought in Iran?
There's nobody to fund.
How are we going to fund people?
Right, but there was not even a fund.
But was there a call for that by the hard left in this country that's now putting Zelensky on posters outside of Iran?
It's like you've got to have, you know, on Twitter, it's like you've got your gender pronouns and then you've got your Ukrainian flag and you've got a big picture of Zelensky.
Why?
That tells you there's something deeply disturbing going on here.
If you can't outline the strategic interest for the United States and it's just, well, Putin is bad, Putin is bad.
What's going on in Ukraine under a deeply corrupt government is bad.
It's none of our business.
Benny, you want to weigh in?
I was lost at Ukraine.
I love this guy.
No, but Tyler, not to be a conspiracy theorist, but I mean, this administration is really, really tied into Zelensky with the whole, you know, Biden, what was that?
What was that interview where he was sitting there with Burisma, his son, everything?
Maybe they'll just say, hey, listen, keep sending us money.
We have a bunch of evidence.
We won't say shit.
We won't.
No, it's just.
Just keep helping us.
Yo, we're up to what?
80 billion?
How much money have we given them?
It's 50 or 60.
50 or 60.
Okay, listen, that's going to keep going.
We're paying for it.
And I agree.
What is the end goal?
What are we getting from that?
I know they're rich and a bunch of, you know, they have like, you know, minerals and they have all that stuff.
Are we getting any of that?
Well, we're helping them, but there is a reason that we don't know.
And I mean, I think it's corrupt 100%.
I'm with her 100%.
Here's my biggest concern.
Let me just tell you what my biggest concern is.
So there's certain stories we won't know for a long time.
Like, we're not going to know why such a massive support for Ukraine with Biden and his son Hunter and the dealings with Ukraine.
We're not going to know that for maybe 20, 30 years.
Like the real story.
Things may come out if DeSantis gets elected and maybe some kind of, he puts some kind of an investigation to go look it up.
Fine.
But you're going to see a movie 30 years from now.
We're all going to be in our 70s and we're going to sit there.
Adam, did you see that new movie starring, you know, Brian Gosling, you know, his grandson, you know, whatever.
And we're going to say, wow, remember that one time in the podcast in 2022 when we were young, we were talking about it.
And we're going to laugh and crack up.
I'm going to say, damn, that's pretty dark on what happened.
So stay tuned for that on what happened there.
Aside from that, my biggest concern is, you know, there's certain, again, I've said this, certain people that say they're going to do something.
If you take it lightly and then they do it, a lot of people get hurt.
And, you know, when you're looking like right now, Azerbaijan, Armenia, you know, China, Taiwan, Russia, Ukraine, all it takes is one.
All it takes is one moment for Putin to wake up and say, you guys don't believe I'm real?
No problem.
Boom.
Here's Ukraine.
Then you have to respond.
Right.
So we have to respond because we're in too deep.
Then if we do respond, then what happens?
Okay.
Today, if you talk to folks in Europe, they'll tell you electricity bill is up 80%, 90%.
Okay.
You know, the whole concept of winter is coming.
Winter is coming for them.
Like right now, how many people in the world do you think are worried about the hurricane in Florida?
Only people living in Florida.
Okay.
Nobody else.
No one around the country is going to say, hey, what's going on with the hurricane?
Just my mom.
Just my mom.
But if you're living in Ukraine, if you're living in Russia, if you're living in Europe, if you're living in those places, you're sitting there saying, I hope something doesn't tick this guy off to go to the next side.
That's all I'm saying.
If they push him to that point, we don't know why Biden is so protective about somebody.
Like, you know, you see this in movies or scenes where somebody's overprotective about a personality.
You know, in the next thing, oh, they're dating.
That's why.
You know, nobody puts baby in a corner.
They're dating.
There's a baby.
She's pregnant.
Like, even the movie Dirty Dancer, there's something there.
Why is Biden so protective of Ukraine?
Weird.
Someone's pregnant.
Someone's got a baby.
You don't put baby Ukraine in a corner.
Let me ask you a legitimate question.
Don't you think that the powers that be, whether you're Secretary of State, you're defense, national defense generals, don't you think, legitimate question, they've sat in a room, already gone through all these war games.
Don't you think that's happened?
Yeah.
You'd be naive if you say no to that.
Clearly, they've had these discussions.
Clearly, NATO's had these discussions.
How much do we want to push them?
Clearly, they've already overthought this.
But what does that mean, though?
Does that mean that they're right?
Of course, they've had the discussions.
Listen, you know, for example, it's like saying, clearly, you have to tell me that the coaches of the Lakers know Shaq's free throw is an issue.
You have to know clearly they're practicing it.
So clearly, they know that Dwight Howard only has one move to dunk and they have to work on this.
Clearly, the coaches know this.
Clearly, the coaches do know that.
Clearly, they know that.
But the wrong strategy still could lose.
And many people in the profession.
How many times have you watched a professional Super Bowl and a professional coach making $10 million a year makes one bad call and it costs him the Super Bowl?
We've seen it.
So what makes you think professionals don't make a bad call?
This doesn't mean Blinken is a bulletproof guy with the best strategies of the world and he's a second coming of Sun Tzu and he's got all the best strategies.
He's going to write an Art of War Part 2 by Blinken.
Oh, he's the one that's going to.
No.
So it just means sometimes you got bad leaders in place that they're over their head and there's certain decisions that they shouldn't be making.
And by the way, we're going to find that very soon.
All I'm saying is, I'll talk to you from the economy standpoint.
The market's already going to go down the next two and a half years until, you know, by the way, the only thing like midterms, if the Republicans, when I see the market spiking in right after elections, so if you look at whatever it's election falls on, what day?
What day is it on?
And November 7th.
Midterms is when November Tyler.
Is it 2nd?
November 7th.
7th.
Okay.
November 7th?
You vote on the 22nd.
100%.
Expect November 8th for the market to go up.
Okay.
November 8th.
Expect the market to go up on November 8th.
Okay.
If they win Congress, if they have control, if there's any kind of thing to have control, market's going to go up.
If it doesn't, market's going to keep going down.
But if Putin does attack Ukraine with nuclear weapons, that will go down to 15 to 18,000, 18,000.
That will go to 15 to 18,000 if that happens.
The level of panic and the fear selling will be record-breaking at the highest level if it goes to that point.
If it does, okay?
You're hoping it doesn't happen at this point.
He's losing people, leaving this country.
They're going to other countries.
He's losing people right now.
He's asked 300,000 people who are civilians who were former vets to come and serve.
Like, dude, I don't want to do this.
Babe, you're 42 years old.
What are you doing?
You shouldn't go there.
But what do you want me to do?
Putin's asking me to do it.
People are in a very civil unrest over there.
But if this next move happens by him to show strength, I think things will move very, very rapidly.
And, you know, I would be much more for a diploma.
Your friend said something the other day where we're over here.
I didn't, you know, a couple of guys.
One guy's like, well, you know, what do you want him to do?
I'm like, look, you have to figure out a more diplomatic way of handling certain situations.
If you don't, it leads to a war.
The diplomacy takes place here.
So someone's got to get in there and figure out a way to get closer to get this man to not make that kind of dramatic decision.
Remember when they had talks in March?
And they scrapped him.
We were right there.
We were about to have diplomacy.
They scrapped it.
You know why I think we're so maybe this is like you said, years on the road.
We're going to find out.
Like maybe don't put baby in the corner.
I guarantee you Hunter Biden probably was there and got high and left the laptop in Ukraine.
And now we're like, we got to give him as much money as we can.
Don't release it.
There's something overly.
20 years, like you said, we're going to be like, oh, that's what it was?
It's going to be something like that.
Because we lifted him up.
You said it.
Remember that month?
Everything was Ukraine.
The flag.
People had no idea what the hell was going on.
Zelensky was an actor.
Now he's all of a sudden like.
Yeah, it's like this.
You know, I've ran sales offices for a long time.
And all of a sudden, I'll see one guy defend a girl in the office.
And then two months later, that's my girlfriend.
Oh, I knew it.
Yeah.
I got it.
Maybe Ukraine's Biden's girlfriend.
I don't know.
What's going on?
I don't know.
Something's going on.
We're not going to know for a minute, but it is what it is.
Listen, the good news is Apple begins making the iPhone in India, marking a big shift in its manufacturing strategy.
Apple said Monday it's assembling its flagship iPhone 14 in India, and the U.S. technology giant looks to shift some production away from China.
I think we read the story a couple weeks ago.
JP Morgan analysts said in a note this month that Apple will move 5% of its production over to India by late 2022.
Apple could make 25% of its iPhones by 2025 in India.
This is phenomenal.
I'm going to keep giving love to India.
India is the number one threat to China.
China does not like India.
They don't like the fact that the average age in India is 28 years old versus the average age in China is 38, close to 39 years old, and they have the same amount of population and they're not afraid of China.
And the prime minister banned 100 apps of China in India.
TikTok is not available in India.
These are all great things that's going on.
And by the way, the fact that Mark Benihoff gets up there and says, you know, if you want to pull up the Mark Benihoff story from Salesforce and he says Mark Benihoff threatens to pull company from, that's a completely different thing because it's a different place.
But it goes back to Adam throwing us off.
But you know what?
I love seeing Indiana.
I love seeing India doing what they're doing with production.
I love China being afraid of India.
I love seeing them picking up more contracts.
I hope they continue to do what they're doing with that part.
Now, let's talk about British pound just plunged to an all-time low against the U.S. dollar.
Here's what happened and what it means.
Okay, it's on page nine if you want to go to it.
This is actually a pretty big deal because everything they're buying on imports about to go up.
So the pound plunged to an all-time low of 1.035 against the U.S. dollar on Monday as traders bet that looming tax cut could fuel inflation, prompt faster interest rate hikes and undermine Britain's already shaky economy.
Chancellor Kawasi Kwarteng said Friday that he intends to scrap Britain's top income tax rate of 45% to scrap Nick's a scheduled rise in the national insurance rate and abolish the stamp duty on property purchase of under $250,000.
His tax cut plan is aimed at boosting the ailing UK economy and reducing the risk of severe recession.
However, it sparked fear of faster price increases, government debt that's out of control and a worse downturn and a weaker pound will make imports more expensive.
Do you remember when everybody used to say, well, the pound is pound is two times the US dollar?
Look at this right here.
Zoom in a little bit.
Go to 2008 or 2009, whatever that is.
What is that?
Go a little bit more, a little bit more, a little bit more?
2007, 2008.
It was, just so you know, at the heist, it was 2.11 to the dollar, and it dropped to 1.035.
They're sitting there saying, do you know what this means, though?
Like, what you were buying, your old money, can't buy what it was buying.
Wow.
So say you're sitting on $250,000 to buy a house that's worth $250,000.
But then it drops from two to one.
That means you now need $500,000 to buy the same thing you were going to buy import coming in.
This is a real issue in the UK.
So Pat, what would you, like investment-wise, remember like that guy that said opportunity-wise and all that stuff?
What kind of opportunity would you say, especially with something like that happening?
Is it like buying stuff in Europe?
What would be like one of the things that somebody could do to take advantage of this type of situation?
Don't take my advice on this.
I love your comments.
I would buy the pound.
Seriously?
I would buy the pound because look at the pound over the last 50 years, 60 years.
Look at the pound.
You know, it's generally $1.50 to the U.S. dollar.
Okay, so maybe it takes a hit for the next year, two years, and it goes back to Buck 50.
You're going to make 50%.
But that's, again, I'm purely speculating what I would do.
That's my money.
You can go buy it to two man if you want, to go buy some pesos.
I'm just saying, if it's at a one to one, it may not be a bad time to buy some.
Yeah.
So what's your strategy with pesos?
Just move to the UK, bro.
Move to the UK.
I will say this.
You know, we get fixated on what's going on in the American economy.
Clearly, we're here in America.
We're pro-America.
We want to prosper and do all that, housing market, stock market.
I think it just gives a clearer perspective.
Like everyone's dealing with some shit right now since COVID, okay?
Point to a country that's thriving right now.
I guess, you know, China's the only country that had a positive GDP in 2021.
But a lot of countries, especially bigger ones, more prominent countries, everyone's dealing with economic issues right now since COVID.
All the money and the inflation, the printing, everything that Dave Ramsey talked about.
So everyone's kind of looking for stability in their life.
And like what Jed talked about, it starts within your own individual situation, your personal responsibility, because there's so much craziness going on in the world right now.
If you would have told us a few years ago that the pound is equal to the dollar, we'd be like, what the hell are you talking about?
I wouldn't believe you.
The Euro just went below the dollar a few months ago.
The world is changing.
So, you know, we kind of shit on what's happening in the U.S. economy, but from a global macro perspective, we're doing all right.
The dollar is pretty strong right now, but focus on what you can control, not basically what's happening in the total macro global economy.
Got you.
So with that being said, that whole last went in here and flew out when I went through her.
But I feel good.
Like what you're talking about, we have to sit down for at least one.
You look like a broker from Goldman.
Yeah, exactly.
Today you should do a skid saying, so, you know, as a Goldman Sachs advisor, I'd like to give you some counsel on what to do with your investments.
And you say that too.
When you put that hat on, especially if the hat makes it look like you're not trying to be dorky, they're like, I'm cool.
You look like you just got drafted first round in the NBA right there.
It's good to look right there.
I love this hat.
So, look, man, I got a couple last things here before we wrap up with nine minutes before I get on this stream team call.
A question.
Just a crazy question for you guys.
Crazy question for you guys.
I'm curious to know what you think about this.
What similarities do the Kennedys and the Trumps have together?
What similarities do those two families have?
They stick together.
Just out of curiosity.
What similarities do Trump, by the way, politically, Republican, Democrat, but what do those two families have in common?
They look good.
What else?
I would say they both really love the country, like genuinely have a love for the country.
I agree.
Okay.
In a way, you can't say, I don't think I bought the Bushes or the Clintons or.
I agree, Pap.
And I think we talked about this, our last podcast.
I love him, hate them.
I don't care.
Watch, go on YouTube, YouTube, Donald Trump, 90s, Letterman, everything.
Every single time he was on.
I love America.
He was pro-American.
I think Tyler just killed the Kennedys were willing to die for it.
What else do you think they had in common?
I think they both have generational legacy going on.
You know, it started with Joseph Kennedy down to JFK and Bobby and Ted Kennedy, and now their kids are involved.
And obviously, if you start with what, Fred Trump, what was the father, and basically Donald, and obviously the kids that are going on now, and everything with Ivanka and Don.
So there's like, you know, which the same thing you can kind of say for the Bushes.
But basically, there's a deeper perspective of familial involvement in macroeconomic.
Why were so many political elites?
Why did they want to get rid of both families?
Well, they're disruptors.
Okay, so we just got to the point, right?
So both of them are disruptors.
Didn't want war.
What else?
Neither one of them wanted war.
What else?
What else?
You're calling out the establishment.
Both of them called that the establishment.
Right.
What else?
They were, for the most part, united, okay, as a family.
What else?
Unpredictable.
Unpredictable.
What else?
Those two families.
The head of the family, whether it's JFK or Trump, they're sleeping with women.
They're sleeping with a lot of women.
That's exactly where I was going with that.
Stormy Daniels or Marilyn Monroe.
I would say Maryland over Stormy any day of the week.
Oh, 100%.
I think the biggest thing has to be going against the establishment.
Establishment military, establishment agencies, etc.
Industrial complexes.
The CIA, the FBI.
Oh, yeah, yeah.
That's an interesting thing on why those two families got targeted, where you eventually kind of want both families to go away.
Hey, you're kind of not letting us do what we're doing.
We don't like you.
Just be quiet.
Leave us alone.
Do you know, kind of do go elsewhere.
Where back in the days, assassination was a little bit different to do because you didn't have the whole social media and all this stuff going on.
Technology.
Today, the approach for assassination, there's so many different ways to do it because you can gaslight a lot more today than you did before.
Not everybody watched the news back in the days.
Today, everybody uses social media, which essentially forces everybody to watch the news.
Because if you watch social media, you're automatically watching the news because you're being fed whatever people want you.
So, you know, where 40 years ago, not 60 years ago, people are like, I don't know if I need to watch anything with politics.
I don't need to listen to the news.
Today, you're forced to do it.
So they can't do what they did back in the days, but they're going after this guy hardcore.
It's going to be interesting to see what happens the next six, 12, 24 months with the situation of Trump and what other creative way they try to go after the family.
And if someone's going to break and just say, man, I want to distance myself from what's going on with my pops versus unifying, which will irritate the hell out of them.
But I was just sitting, I was having a conversation with a couple of friends.
I said, what do those two families have in common?
Because if you think about the two most hated families by the elite, I don't know if there's anybody that's above those two families.
Well, the elites hated Reagan, too, but maybe not the family at least.
Reagan didn't have a real united—like, Ronald Reagan—Ron, his son, turned against him.
Ron is a complete— Yeah, but the establishment couldn't stand Ronald Reagan either.
So that was in common.
They couldn't stand him.
Yeah.
But the family got thick, and the most hated family, the two by the establishment and the elites, it's got to be Kennedy and Trump.
I wonder if it's because they're kind of messy.
And by messy, I mean unpredictable, meaning that, you know, they don't toe a predictable line.
You know, the anti-establishment thing goes beyond just the establishment.
When we say the establishment, oftentimes we think of like the Republican establishment or the Democrat establishment, but also the institutions as well, as Tyler mentioned.
I think once you're willing to kind of fire at the institutions, that becomes deeply threatening to the larger establishments.
Yeah, and like messy.
Yeah, and like, especially like, you know, JFK's biggest, what apparently killed him going against, you know, saying no war, no Vietnam.
Going against LBJ.
Going against LBJ, finished.
Trump, and I think we talked about this, Pat, on one of the first podcasts that I was on here, like, I think like six months ago, Donald Trump, the moment he was like, I'm going to drain the swamp, alligator, when you drain the swamp, you think alligators, snakes, they just go, okay, thank you.
They don't go quietly.
They bite, they come back, they attack.
And dude, that's what it is.
And the moment, dude, if you think about it, love them or hate them, fake news.
Just think about that one year fake news.
That woke up how many people?
I'm not going to front.
That made me go, wait a minute.
CNN.
Dude, I listen to CNN.
I listen to everything.
I just figure out, you know, I figure out what the bullshit is.
I figure it out myself.
Dude, that made CNN like now.
Look at CNN because of fake news to Jim Mikasa.
Now, look, look at CNN.
People are really waking up.
And he did it.
And drain the swamp.
That was his biggest mistake, talking shit to the media.
Because think about it.
If you right now, you go and you see the White House press briefing.
Who's the girl that's on there right now?
The black girl.
Jean-Pierre.
So think about it.
Peter Doocy is one guy.
He's the only guy.
Everybody else is quiet, asks the questions, and then she shuts him down.
She's like, you don't know.
You don't know.
Who was Herrick Sanders was in?
What was her name?
Sanders?
Huckabee Sanders.
Sarah.
It was 90 people yelling.
They were attacking her.
And, you know, I mean, going after him.
Doocy's doing a great job.
He's the only one.
He's the only guy.
And the way he does it is so phenomenal.
He asked a question and she's like, so what do you think about Jen Sackey?
What she said about crime being up and the fact that the elections.
Well, I can't really talk about political stuff here, but I will tell you, I don't think that's what she really meant.
But I disagree with her on this.
It was so awkward on what happened with it.
Look, to wrap it up here, a couple different things.
Here's what you need to know that we believe in.
We believe the future is bright.
We're very confident about the future being bright because I fully believe the right leaders are going to rise up.
There's a couple of things I do want to tell you guys.
These hats finally came in.
These are customized hats.
If you want to zoom in a little bit with the camera, I don't know if they can do it from back there or not.
Okay, so it's a these will go out in no time.
They've already, I think there's only like 120 of these left, but it's the value tainment shield on the front.
Sick.
On the side, it says future looks bright right here.
And then on the lid, it also says the future looks bright with the inside having value tamement all over it.
So if you haven't ordered one of these, we got them in black.
We got them in red.
We got them in white.
And they will go very, very quickly.
So if you want to put the link below, if you're a value tainer, if you follow the podcast, if you represent free enterprise, free market, freedom of speech, you're a free thinker and you want to represent that in the market, go get yourself a value tame hat.
Put the link below for people to be able to get this merch.
We don't have a lot of these.
These will sell out in no time.
So go click on the link below, get your hats ordered.
The future looks bright.
Aside from that, Minect, for some of you guys, I want to get in contact with Jedediah and you want to do a FaceTime with Jedediah.
Maybe you heard the conversation today.
You're like, I love what Jedediah was saying.
Jedediah.
I'd love to have a 15-minute conversation with you.
You can have a 15-minute FaceTime with Jedediah, with Vinny, or with Adam, or myself, or Tate, or Kiyosaki, or Chas Palmetto, or a lot of different experts on Minect, the app that just came out.
It allows you to connect with people that you ask them, hey, do you have a minute to connect?
I do on Minect.
And you pay by the minute to connect with influencers and experts on Manek, the app.
Tyler, put the link below as well for people to be able to download the app.
It's so far the fastest growing app in its space on connecting with experts.
It's pretty much a cameo and only fans except with influencers and experts.
So Adam's not going to show his feet.
I've never seen that.
But you can have a conversation with him.
I'm going to tell you a joke with my shirt off.
So I'm in.
And by the way, Vinny is shredded.
You may want to see Vinny without his shirt off.
Probably the most in-shaped guy in the office.
Having said that.
I didn't say I wasn't going to show my shirt.
Equal opportunity.
Breathe the nip off.
Minik just flipped to OnlyFans.
Tyler.
Do we have a podcast this week or no?
Thursday, Phillip Mud.
Yeah, hopefully Phillip Mudd, depending on the hurricane.
I'm going to be in LA this week.
I'm going to be in LA this week.
I've got some stuff going on in LA.
Cannot wait to be at the driven event with all the guys in LA.
So I'll see those three guys that are going there Saturday.
