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PBD Podcast Episode 212. In this episode, Patrick Bet-David is joined by Tom Ellsworth, Adam Sosnick and Vincent Oshana.
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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.
0:00 - Start
5:52 - Elon Musk Leaks Hunter Biden Story
38:07 - Reaction to 57 people dead people from Hillary Clinton’s inner circle
43:58 - Trump calls for termination of the constitution
49:47 - CNN boss hired extra security after cutting network staff
1:00:10 - Reaction to 4 out of 10 people saying the market will crash
1:05:27 - Why do people spend less money in Las Vegas
1:11:45 - Why do people spend almost all their salary
1:24:31 - Reaction to Fed wanting to increase interest rates
1:28:31 - Nouriel Roubini warns “the mother of all economic crises”
1:32:32 - Reaction to the person of the year shortlist
1:42:10 - Elon Musk’s response to Kanye West’s Chinese comment
1:52:09 - Sam Bankman Fried doesn’t take personal responsibility
This world of entrepreneurs, we get no value to hate it.
Addie, run, homie, look what I become.
I'm the one.
Hip-hop is a good vibe.
Hip-hop is a good vibe.
All right.
Episode, your best friend Harry.
Has a brother.
Episode 213 with Home Team Today.
We got everybody in the house.
O'Shaughness, Ellsworth, Sausnick, Ben David.
And we got a bunch of things to talk about.
By the way, let me give you some stories here before we get into it.
Last night was a weird night for me because after we're done with our meeting at 11 o'clock, Tampa Bay is down 16 to 3.
I go upstairs.
Leo starts blinding.
By the way, shout out to Andy Berry.
Happy birthday.
Leo starts blasting me.
You remind me, by the way, let me give you credit.
And then Leo texts me and says, did you see what's going on?
I'm like, what's going on?
He says, Tampa Bay is down six with two minutes left.
And Brady's got the ball.
I'm like, what?
And they end up winning 17 to 16.
The only time he's done that twice in his career, that time and the time against the Falcons when he made a comeback.
Crazy shout out to Barry.
By the way, so Tom has that like, I'm single.
BDE is what it's going to be.
He has no label.
I'm going to get home.
Because I was at Pat's house.
We had a late night strategy meeting, doing a lot of work, getting ready for 2023.
And I'm four minutes late getting home, so I miss this.
But the guy that's two doors down, the garage is open, and there's like several cars, you know, dad cars that are out in front and everything.
And they're smoking cigars and they're in there standing.
They're kind of animated.
And it was raining a little bit, but I stopped and got out and said, I said, hey, Jeff.
So what's going on?
He says, we just saw the most amazing coming up.
That's crazy.
And they were just getting into it like a playoff game.
I love it.
So we got a lot of things to cover.
Let me tell you the stories we got to cover.
We got to cover the Twitter files that's being talked about all over MSNBC, CNN, you know, CBS, ABC.
They're all talking about it.
They're all talking about it.
Do you know?
By the way, do you know the actual amount of, if you know it, don't say it.
Do you know the actual amount of time that CBS, ABC, CNN, MSNBC has spent talking about the Twitter files?
Do you know the time?
I do not know the time.
I'm going to give you the time and you're not going to believe it.
By the way, I want people to guess the number in the chat room if you're watching this.
I want you to guess and then we'll go into it.
Okay.
So Elon Musk on a live that I was supposed to be part of that I missed because of a flippin' flight coming back from Phoenix.
Seriously, I was, but anyways, he talked about suicidal thoughts.
We'll talk about that.
If Twitter collapses, they say Tesla will be right behind.
That's an insider story.
There's a Rubini warns.
The mother of all economic crisis looms.
If anybody knows Rubini, he has an open invitation to be on the podcast.
We want to know.
We got some questions for him.
Fed to weigh higher interest rates next year while slowing rates rises this month.
Tom's got some commentary on that.
Saving rate plunges to lowest level since 2005.
That's not a good sign.
By the way, that's 17 years.
CNN boss hired extra security after cutting hundreds of staff members.
I got some thoughts on that.
Apple and Amazon resume advertising on Twitter.
Startup backed by Tesla investor promises ready.
$300,000 flying cards by 2025.
This is not more complicated than a Toyota Corolla.
Four in 10 consumers believe housing market will crash.
Tom's got some data on that.
Fewer tourists and less spending in Las Vegas as inflation takes toll.
Musk responds to Kanye West.
Adams got some thoughts.
Nike permanently dumps Kyrie Irving.
Jean-Pierre, who's our friend here, that responded about the Twitter.
Vinny's got some thoughts on that and a couple other things that's going on.
This guy named Michael Avenatti, who at one point people thought he's going to run for office, is now going to jail for 14 years.
We'll talk about that as well.
If there's any other stories you want us to talk about, please post it here.
Okay, so now I want to put this up there on how many seconds.
Oh, seconds.
I thought you said time.
So now I already know.
Seconds?
No, bro.
20 seconds.
How many seconds?
How many seconds?
It's not even.
Let me put this up there to you.
I'm going to try to send it to you.
Everybody here is going to be shell-shocked when I give this number.
Okay, I just send it to you, Rob.
I don't know if you see it.
If you're not seeing, are you seeing it or no?
Not yet.
Okay, hang on.
Let me just text it to you.
I'm sorry, Malik.
Next time I'll correct it.
All right, Andrew.
Shout out to Andrew Shelton giving you your new nickname.
Yeah, you should see this.
Okay, the time.
Did you guys say your time or did you see it or not?
No, I swear to God.
Okay, what's your time?
Well, you kind of let the cat out the back.
I was going to say minutes.
I was going to say three minutes, but the fact that you slipped up, what were you doing?
20 seconds.
I wrote it down right here, my witness.
10 minutes over all three networks.
Over all networks, Tom.
This is not just one network.
I was going to say 60 minutes.
So check this out.
Put this out there and tell me if this makes any sense.
7 seconds.
Guys, that's all they spend.
Can you make it in a way so we can, there you go.
Guys, seven seconds is all they spend on Sunday shows, though.
CBS.
But this is right after the announcement is made on Saturday.
If this was anything, everybody would be on time.
If a small little comment came out, anything about anything on the right or Republicans, they would have spent the entire day talking about it.
Seven seconds on this.
So have you guys followed the story closely?
Have you read all the tweets by Matt Taibbi?
I have.
I've seen a bunch of what Matt Taibi has posted in Substack, right?
Should we just get into that first?
Yes.
I feel like we're already in it.
All right.
So if you can pull up the tweet thread so we can read it.
While you're doing that, I want to read the article from Wall Street Journal.
Musk's release of internal emails relating to Twitter's 2020 censorship and news.
By any definition, even if the mainstream media dismisses it, there will be many threats to unspool as more is released by a couple of points are already worth making.
The first is that Musk would do the country a favor by releasing the documents out all at once for everyone to inspect.
A second point is who's a for rep RoCana, the California progressive Democrat, who warned Twitter in 2020 about the free speech implications and political backlash of censoring New York Post story about Hunter Biden's laptop.
A third point is the confirmation of the central role that former spies played in October 2020 in framing the Hunter Biden story in a way that made it easier for Twitter and Facebook to justify their censorship.
Recall that former Democratic intelligence officials James Clapper and John Brennan led the spooks in issuing a public statement suggesting that the laptop may have been hacked and its content was Russian disinformation.
Okay.
So do you guys know how many days it took for CBS to admit that the Hunter Biden story was a real story?
Do you guys know the exact date?
Have they done it yet?
They have.
Do you know how long it took?
769 days.
It took them 769 days to say the story about Hunter Biden is real.
It took them a half a second to say Russian collusion was real and it was fake.
Okay, so think about why people don't trust all the stuff that's taking place with media.
So let's go through this threat together.
If you want to zoom in and folks, if you haven't read it, I'm going to read it.
Zoom in a little bit more if you could.
There you go.
That's right.
Should we explain upfront who Matt Taibbi is?
Go ahead.
Tell the audience who we are.
No, no, he's just Rolling Stones.
He's a Rolling Stones guy.
Journalist.
Journalist guy.
Not a Republican.
Not a Republican.
By far.
But, you know, I would put him in more in the common sense camp.
He's not.
I think he's more left than he is right.
And he got.
He's a legitimate investigative reporter.
Actual reporter, which that word is so loose these days.
But he got access through Elon to get all this information.
So, what Elon is doing, he's going and getting a bunch of these guys to come join the team, which is great.
I love what he's doing.
So, let's read through it.
Okay.
So, threat, the Twitter files.
Look how many likes it got, by the way.
373,000 likes, 155,000 retweets.
What you're about to read is the first installment in a series based upon thousands of internal documents obtained by sources at Twitter.
The Twitter files tell an incredible story from one side of the world's largest and more most influential social media platform.
It is a Frankenstein tale of a human-built mechanism grown out of control of its designer.
Twitter in its conception was a brilliant tool for enabling mass communication, making a true, real global conversation possible for the first time.
In an early conception, Twitter more than lived up to its mission statement, giving people the power to create and share ideas and information instantly without barriers.
As time progressed, however, the company was slowly forced to add those barriers.
Some of the first tools for controlling speech were designed to combat the likes of spam and financial fraudsters.
Makes sense.
That's important to point out.
There's no question about that.
Slowly over time, Twitter staff and executives began to find more and more users for these tools.
Outsiders began petitioning the company to manipulate speech as well.
First a little, then more often, then consistently.
By 2020, requesting requests from the connected actors to delete tweets were routine.
One executive would write to another, more to review from the Biden team.
The reply would come back handled.
If you look at that email, there's five.
Hold on right there, Pat.
What's the date?
October 24th, 2020, a week before election.
Yep.
One week.
Very good point.
Number nine, celebrities and unknowns alike could be removed and reviewed at the behest of a political party.
Again, this is another one.
Click on it.
Click on that picture.
Oh, you zoomed in a little bit too much.
I grabbed the first one under SI, deferred to safety on the high-profile second one.
Okay.
An additional report from DNC.
This is now on the 25th.
They're replying back to it.
Okay.
Let's go back to the email number eight.
Go to number nine.
And the high-profile second one was James Woods.
James Woods.
I saw that.
Go number 10.
Go number 10.
Both parties had access to these tools.
For instance, in 2020, requests from both the Trump White House and the Biden campaign were received and honored.
However, the system wasn't balanced.
It was based on contacts because Twitter was and is overwhelmingly staffed by people of one political orientation.
There were more channels, more ways to complain, open to the left, well Democrats than the right.
By the way, people need to know, 99% of employees at Twitter donate to the Democratic Party.
It went from 96%, it's at 99%.
You remember after the midterms, we broke down each of the big tech Silicon Valley, the way that they sway politically.
And it was all the big actors, right?
Facebook, Meta, this, that.
Yeah, it was all 90 plus percent.
The resulting slant and content moderation decision is visible in documents you're about to read.
However, it's also assessment of multiple current and former high-level executives.
Okay, there are more critical concepts.
The Twitter files, part one.
How and why Twitter blocked the Hunter Biden laptop story.
In October 14, 2020, New York Post published Biden's secret emails and expose based on the contents of Hunter Biden's abandoned laptop.
Okay.
Twitter took extraordinary steps to suppress the story, removing links and posting warnings that it may be unsafe.
They even blocked its transmission via direct message, a tool reserved in cases.
Child poking out poor.
That's how you know he's a real journalist.
He uses words like hitherto.
Hitherto.
White House spokeswoman, Kelly McKinney.
Kaylee McEhie Locked out of her account for tweeting about the story, prompting a furious letter from Trump campaign after Mike Hahn was seated.
At least pretend to care for the next 20 days.
By the way, she wasn't just the White House spokeswoman.
She was the press secretary.
That is insane to me.
Kellyanne McKenna.
Haley McEnany.
Sorry, McKinney.
Sorry, Kayleigh.
She knows it's confusing.
She has been locked out from her account for simply talking about the New York Post story.
All she did was cite the story and firsthand report it has, that has been reported by other outlets and not disputed by the campaign, Biden campaign.
I need an answer immediately on when and how she will be unlocked.
I also don't appreciate how nobody on his team called me regarding the news that you'll be censoring news articles.
Like I said, at least pretend to care for the next 20 days.
Okay, let's go to the next one.
On October 14th.
Yeah, so Twitter.
Okay, there you go.
This led the public policy executive Caroline Strom to send out a polite WTF query.
Several employees noted there was tension between the comms policy teams who had little or less control over moderation and the safety trust teams.
Can you click on and see what that one says?
So safety and trust as a team had more power than communication.
That's insane, Tom.
Okay, go back to it.
Let's wrap it up.
There's only four more.
Interesting.
Folks, I'm reading this, assuming some of you guys maybe haven't read all of them.
Number 21, Strom's note returned the answer that the laptop story had been removed for violation of the company's hacked material policy.
Okay, keep going down.
Although several sources recalled hearing about a general warning from federal law enforcement that summer about possible foreign hacks, there's no evidence that I've seen of any government involvement in the laptop story.
In fact, that might have been the problem.
The decision was made at the highest level of the company, but without the knowledge of Jack Dorsey.
Wow.
With former head of legal policy and trust, Vijaya Gade playing a key role.
Interesting that they're skipping Jack Dorsey to even ask the CEO, founder of the company.
They just freelanced it is how one former employee characterized the decision.
Hacking was the excuse, but within a few hours, pretty much everyone realized that wasn't going to hold, but no one had the guts to reverse it.
And last but not least, you can see the confusion in the follow-up lengthy exchange, which ends up including GAD and former trust and safety chief Yo Roth.
Coms official Trenton Kennedy writes, I'm struggling to understand the policy basis for making this unsafe.
Can you click on that?
Can you click on that?
Zoom out a little bit.
Okay, Trenton, I'm struggling to understand the policy basis for making this unsafe.
And I think the best explainability argument for this externally would be we're waiting to understand if this story is the result of hacked materials.
We'll face hard questions.
I'll kill a bunch of people on the bottom.
Okay, keep going.
Go to the next one if there's any.
I think maybe one or two left.
25, 26.
By this point, everyone knew this was fucked, said one former employee, but the response was essentially to err on the side of continuing to err.
Okay, keep going down.
Former VP of Global Comms, Brandon Borman, asks, can we truthfully claim that this is part of the policy?
Go a little lower.
To which former Deputy General Jim Baker seems to advise staying the non-course because caution is warranted.
A fundamental problem with tech companies and kind of moderation.
Many people in charge of free speech of speech know care little about speech and have to be told the basics of outsiders.
In one humorous exchange on day one, Democratic Congressman RoCanna reaches out to Gad to gently suggest she hop on the phone to talk about the backlash re-speech.
Conna was the only Democratic official I could find in the files who expressed concern.
Okay, I mean, we can go more and more.
You can unstop it at this point.
We've gone through all of them.
Tom, what are your thoughts when you see something like this?
So, this is an organization that doesn't know what free speech is.
And basically, they had become politicized.
That's an objective statement just by reading this.
And Kanna was correct.
He said, Listen, free speech is the ability to peacefully assemble and present your point of view.
You know, it used to bother me terribly when I was in college, and I would see, and I think it was in Ohio, these Nazi groups, like a club, you know, more than a club, and their little brown shoots would come out and get together and hold a little bit of a rally and speak.
And I just think it's just so wrong to hear that, but it was free speech.
You would see that with your own eyes?
You'd see Nazi speech?
No, no, no.
I was watching the coverage.
I was watching the coverage.
And I would say, wow, I don't like what they're saying.
This is really terrible.
This is a lot of people feel hurt by this, but it's like, but the price of free speech is free speech.
They're not armed.
They weren't tearing up towns.
And I think what has happened here is companies have become politicized and it's becomes a communication art.
And I find this to be really illuminating, especially when they get down, they start talking about free speech, and then they start talking about external defensibility.
That tells you that adults in the room knew that they had trouble with what they were doing.
Tom, what is the not telling the CEO?
This is the biggest, like, imagine like, oh, we didn't think we need to share this with you.
Something small happened yesterday.
I'm like, how come I didn't know about it?
But on a situation like this, do you think Dorsey wants to know something like this?
This is the biggest story that's going to go out.
You don't call the CEO the company?
Look, Dorsey, if you take a look at Dorsey over the last year, he's had extended periods of absence.
Wasn't he like on an extended retreat somewhere, halfway around the world?
He was very focused on crypto, Square.
That was, he was shown up at the Bitcoin.
He had a lot of things going on, but he was also out of the country for a while.
And there is something to be said about walking around your own organization.
Pat, you've led and been an investor in several organizations at the same time.
What is the difference for you to be on site walking around versus like emails and Zooms and everything else?
It's different when it's on site.
You can kind of sense things.
You get the little side conversations.
And I don't think Dorsey was getting any of that.
And they even said, We kind of freelance this and didn't tell the boss.
They openly said it.
Yeah, to me, first of all, I don't understand the concept of a CEO being on vacation for three, four months, and you shouldn't be a CEO.
If you want to do that, don't need to step down.
That's not something you should be doing.
Anyways, if that's the story, what are your thoughts about this when you see this?
So, you know, there's a couple different things that I'm kind of ruminating in my head.
Number one, they're using the term bombshell.
I don't think it's a bombshell.
Meaning, was anybody shocked that the people at Twitter were limiting free speech?
I don't think anybody's completely shocked by that.
I think that's the reason that Elon, and we all understand why, Elon said, all right, I got to kind of step in and be a freedom of speech advocate.
And that's the reason he bought Twitter.
Let's not forget that Elon Musk voted for who in 2020?
Joe Biden.
He voted for Joe Biden.
I'll repeat that.
Elon Musk voted for Joe Biden.
So it almost shows the independence and the good nature of Elon.
He could say, hey, look, I could not support Trump and not support what he stands for.
But at the same time, I can be sort of an equal opportunist and an umpire and say this was wrong.
Right?
Because ultimately, this comes down to Elon Musk.
I think we all would agree.
Would this story have leaked or would Matt Taibi had access to these Twitter files if not for Elon Musk?
Would you agree with that, Pat?
Well, you said you said bombshell.
It's merely an accusation subject for debate that's spinning around the view and everything else that are not really news organizations.
But maybe it's not a bombshell, but it certainly is a validation.
Wouldn't you agree?
I agree.
I think it's something that this is essentially the reason why Elon Musk bought Twitter.
One of the reasons.
It's freedom of speech.
You saw that he's brought back Trump, but Trump didn't want to go back on there.
He's brought back Kanye, who has now sort of canceled himself at this point.
He brought back Tate.
He's bringing people back that should have never left Twitter.
I guess my question is: if everything would have played out and freedom of speech would have been, you know, allowed, how much would that have moved the needle of the election?
Talking about that's a question.
I'm not making a point.
How about you ask yourself, what do you think?
Well, what I'm trying to distinguish is freedom of speech, information, circulation.
I think we can all agree upon that versus a totally separate topic, election fraud, election deniers.
Freedom of speech.
This is part of election fraud.
You don't put that information from the voter.
But that's what I'm stating: is that freedom of speech, disinformation is not actual election fraud.
Is it limiting information?
Yes.
We're on the same page there.
But the two are separate.
That's what I think.
Wait, wait, wait.
No, no.
But stay there.
So you asked a wonderful question.
Why don't you answer your own wonderful question?
What's your question?
I said, how much of this actually played a part of the election?
Answer your own question.
Yeah.
I mean, we all saw what happened with Hillary when James Comey came out and basically said in the allegedly that could have swayed the electorate, right?
But I don't know.
I mean, it's not like where they're counting the ballots.
You can't play that game.
I'm asking a question.
But here's a question.
If you're asking a question of us, you ought to be able to answer that question yourself.
Because I'll give you my answer.
Okay, but here's what I'm saying.
Yeah, tell me.
What is the actual Hunter Biden laptop story?
Meaning, I personally don't think that Hunter Biden is this evil henchman that's making all these deals behind.
I'm not going to be talking around to Bush, bro.
Answer your own question you just asked.
You answered your own question.
I'm saying that whatever happened with Hunter Biden and Twitter was wrong and should have not been suppressed.
At the same time, that was not election fraud.
Bro, you still are not answering.
So do you realize what it is to ask somebody a question that you're not willing to answer yourself?
I asked, let me put the question you said.
Do we need to go back and show you what you asked?
How much of this would have impacted the election?
Answer your own question.
I don't know.
That's the whole point.
But you can't say I don't know.
Could it have moved the needle?
Would it have moved the needle in Arizona?
Would it have moved the needle in Pennsylvania?
So here's the point.
Would it have moved the needle?
I don't know.
Adam, I think you have a belief under there and you just don't want to say it.
You started to talk about James Comey in the emails, and we can also go back at Bush versus Gore.
Bush had a drunk driving conviction that came out less than two weeks ahead.
Polls moved.
You didn't just turn 18 yesterday and just start voting.
You've been around several elections and you see how these things move voters.
They do.
You can answer your own question.
And you brought up combat.
You guys are missing my point.
I'm saying that information should have been circulated, agreed.
Could that have moved the needle?
Yes, possibly, definitely.
But that is not election fraud.
Election fraud is a separate topic.
All the lawsuits that Trump went to to each and every single court were struck down and lost.
So you guys are trying to conflate Hunter Biden with the election fraud.
So a contrary role of media keeps information from the voter.
That's not fraud.
Yeah, so let's.
No, that's suppression.
It's not fraud.
It's voter suppression then.
So you're suppressing the vote.
Let's unpack.
Let's unpack this a little bit.
Okay.
Let's unpack this a little bit because what you just said, you open up a can of worms.
You asked the question that maybe I should have asked the question, but you asked the question.
So if you ask the question, you've got to own the question.
No, I'm asking you guys a question.
You answer the question.
But no, if you do ask a question like that, you have to be able to also answer the question you're asking.
So let me give you the answer to the question.
To say.
You know, would it have really, and I love, because, you know, I watched so much CNN the last couple of days, okay?
The last two, three days.
Can you do me a favor?
Go on CNN's YouTube channel and then go on MSNBC's YouTube channel.
Go on CNN's YouTube channel.
Just go to YouTube and go to CNN.
I want to show you, hey, John Malone, you say, no, no, you're right there, right?
You're.
You're fine.
So, hey, John Malone or Chris the Nucio, click on videos for me and zoom in a little bit so we can all see it.
All right.
So that's four hours.
Zoom out a little bit so all the videos are on the same page.
Okay.
So first one is about what?
She's signing off.
Last one.
She's by the way.
How sweet.
Chasing life.
Smelling.
So watch this.
Reporter shows how China's zero COVID policy, no problem, Trump, Russia, another story.
Pence about Trump.
Keep going.
Another story.
Where's Twitter?
Keep going, Trump.
Keep going.
Keep going.
Still no Twitter story.
Keep going.
No Twitter story.
Keep going.
No Twitter story.
Keep going.
No Twitter story.
We're at two days now.
We're at Sunday now.
Keep going.
Keep going.
No Twitter story.
By the way, the only reason you don't talk about it is because you know it has that kind of influence.
So let's, I can do the same thing with MSNBC, CBS, ABC, everybody.
Fine.
Let me go to the other part about would it have had any impact?
It was on its way for being the most viral tweet ever on Twitter.
That's how crazy this Twitter was, tweet was by New York Post before they shut it down.
It was on fire going viral.
The only reason it was going viral is because everybody was interested to see if this man who's about to be our president is using his card of presidency to steal money or get money from others.
That is a valid concern for people to ask.
People who go into politics for a long time and become rich concerns everybody from both sides, left, right, or the middle.
A politician shouldn't go from making $140,000 a year to being worth $140 million or $20 million or $50 million.
There's something that happened there.
Now, so to answer the question, did it have an impact?
Everybody who has common sense knows it had an impact.
Could it have flipped?
Of course it could have flipped.
Now, let's talk about the word that you're saying, election fraud.
Let's unpack what election fraud really means.
What is election fraud?
I think the part that you're thinking about, election fraud, is ballots and stuff.
Ballots.
Correct.
No, no, but that's not just election fraud.
Election fraud is multifaceted.
Betrayal.
Is betrayal one-dimensional or does betrayal have 20 different dimensions to it?
Betrayal has 20.
You can betray me 20 different ways.
It's not just one way to betray me.
Betrayal is not just about talking behind my back and telling me stuff that I...
Betrayal doesn't mean you steal from me.
Betrayal doesn't mean you flirt with my girl.
Betrayal has 20 different dimensions to it, right?
Okay.
Electoral fraud, election fraud has multi-different dimensions to it.
Electoral fraud, sometimes referred to as election manipulation, voter fraud, or vote rigging.
Election manipulation, which happened.
Voter fraud or vote rigging involves illegal interference, which they did with the process of an election, which they did, either by increasing the vote share of a favorite candidate, which they did, depressing the vote share of a rival candidate, which they did.
According to this definition, there is electoral fraud.
So now, You get involved in Twitter and you're telling an organization that's 99% funding one side how to protect you and this guy becomes president.
Let me tell you why a guy in Mar-Lago is furious sitting there saying, what the hell am I doing wasting four years of my life in my 70s where I should be the president today, finish up my second term, love or hate me?
I could have got my job done, but you guys got this other guy because there was election fraud through social media company.
I didn't say ballots.
I didn't say any of that stuff.
This is proof.
So for people to say, ah, it is what it is.
It's just a non-story.
Every CBS, ABC, anything that I see, anybody talking about it onto any, it's a story from the past.
It's just this.
It's not a big deal.
Yeah.
This is the kind of stuff why today, do you know who's the number one journalist in the world today?
It's a guy named Elon Musk.
Do you know who's the number one journalistic organization in the world effectively today in just six weeks of him running it?
It's called Twitter.
The way he's running it, we're about to drop some news.
They're doing more journalism than CNN, CBS, ABC, NBC, all of those cats, including Fox, all of them combined.
Twitter's doing more investigative journalism than any of those five cats combined, and it's ran by citizen journalists.
Shout out goes to them.
And for people who were frustrated and upset for something to be this, if you're about to marry a girl that I've known for a while and you're about to propose to her and you and I are boys, I'm talking boys from second grade, okay?
I know this girl and you ask me, Pat, I'm about to propose.
Is there anything I need to know?
And I know some stuff that you need to know about her, okay?
And I really, really, and this is the kind of stuff you should know, okay?
Legit stuff.
Imagine I don't keep that.
I keep that from you.
And I don't tell you.
Six years later, two years later, you find out from somebody else, but you're already married.
It's too late.
We're married to Joe Biden right now.
We don't have a choice.
And then I tell you, and you say, Pat, what the?
Why would you not tell me this?
And I said, bro, this was two years.
It's an old story, man.
It's what she did 13 years ago.
It's what was seven years ago.
Who cares?
Who makes a difference anyways?
Right now, you're married.
She's pregnant.
And you guys are having a ton of fights at night.
You said, if I would have known, I would have never married her.
That's how America feels right now.
That's exactly how America feels right now.
They feel like somebody had intel on a girl that we're getting ready to marry, but they didn't want to tell him until after they were married and they were pregnant already.
Great point.
That's the frustration people have, and it's very painful.
And I understand their frustration.
And at the same time, we still have to be leaders, responsible, and move on.
It's a very weird dynamic.
Like living in the past, we got the information.
Now we know who's shitty.
Now we know who's dirty.
Now we know who's playing the games.
Great.
We know who the actors are.
Let's move on and make sure this doesn't happen to us again.
How do we do that?
That's my interest.
My interest isn't sitting here bitching and complaining and whining.
Let's change the constitution.
I'm not that guy.
All I'm saying is this matters.
This is important.
They effed up.
They lied to you.
They manipulated you.
They backstabbed you.
And they laughed at your face and said, who cares anyways?
It's too late.
Let's move on.
Bullshit.
You don't play those games with people, especially not in a country called the United States of America.
Anyways, great point.
I'm going to make two points.
When we first started off, you said about the seven seconds all combined.
And we were kind of like in shock.
But is it really shocking that they're all boys?
And I'm going to quote goodfellas when De Niro tells young Henry Hill, he goes, I'm going to tell you the most two important things in life.
Never rattle your friends and always keep your mouth shut.
They're not going to tell the truth about what the hell is going on, right?
You feel what I'm talking about?
And then when it comes down to all the stuff that we're finding out from the FBI with Hillary with collusion and everything, from COVID, the oranges of the mass, the vax, Hunter Biden being the big guy and everything.
You know that saying, you're not supposed to say, I told you so, but doesn't it feel like that entire time, I told you so?
Was I that woke that people like me, people like you?
I'm pretty sure time you're in the same boat.
I knew it.
I knew it the whole time.
And I wanted to be like, I told you guys they were suppressing this story.
And when you're asking about what was in the story, the big guy, basically his son, was this bag man going to get the money.
If that didn't affect the election, then what would?
He was a bad man.
So good point.
Respect.
What if the story would have gone out?
Yes.
What was the story?
Meaning, here we go.
Hear me.
Go ahead.
We've already established that half the country or a little bit less than half the country was voting for Trump regardless.
The other half of the country was voting against Trump regardless.
Meaning, like, you know, Trump says I could shoot somebody on Fifth Avenue, murder, and I still wouldn't lose a vote.
Meaning, people are dug in.
Got it.
So this story leaks.
Hunter laptop.
We had the guy, John Paul Mack.
Boom, boom, boom.
What is the story?
Okay.
And what is the story that would motivate somebody to change their vote that they're already locked in on?
Go ahead.
Okay.
So, for instance, like I brought up the Hillary and the collusion and the Russia, and she paid a firm to get all this dirt.
If we found out, because one of the stories that he was saying when we spoke to him, I spoke to him in the green room, is that Hunter was getting sent around the world to do little shady deals.
And the big guy, his father, the vice president at the time, was getting a cut.
Okay.
Hence, one of the reasons when this COVID hit, you're keeping this guy in a basement because this story is getting hot.
So nobody could know.
And we can't even dig into the story to find out what the deal is.
So one of the things, besides him doing crack, cocaine, who's he's, you know, he's one of the luckiest crack kids in the world.
He could do crack, record it.
It could go public, and nothing happens to the guy.
He's winning in that sense.
But if we find out that he's doing all these deals and he's giving a cut to his father, even as vice president, you can't be the president, bro.
You're doing shady deals with China, with Ukraine, with Russia, with all these people.
It's shady business, bro.
And if we were mad about a fake story that Hillary put in about collusion, that's a major story, bro.
That's why you keep him in the basement.
So don't let him talk.
And this election was tight.
You go back and look at Arizona, Georgia, Pennsylvania, Wisconsin.
I don't want to talk about the accusations of ballots.
I don't.
I just want to say that mathematically, the final numbers, whether you believe them or not, were freaking tight, very tight in those four states.
That was the whole election.
They knew every election.
They knew it was tight.
They knew that this was, look, they knew when, do you remember the two weeks before the election with Hillary and the news media tone changed?
They wouldn't cover the Trump rallies.
Remember how many people were there?
You don't have to like him.
You don't have to admire him.
But you look at who was at the Trump rallies and you look at how many people weren't at the Hillary rallies.
Something was going on and they knew it was tight.
And with Biden, they also knew it was tight.
And they also knew they did not have a compelling candidate.
And they also knew that they had made a mistake.
All the polling.
What happened six weeks before the election?
Count the appearances that Kamala Harris made six weeks before the election.
They stuck her in the basement with Hunter.
Why?
Because she was not a compelling vice presidential candidate.
They knew this thing was tight.
They knew they were on it.
And on October 20th, October 6th, they were like, man, this is the Hillary email story.
This is the Trump Trump driving story.
We lose a point and a half.
And it wasn't the entrenched, as you correctly point out.
People were dug in.
That's not who it was.
It was the American independent voter that was right there in the middle and would not have taken many of them in Arizona, Georgia, Pennsylvania, Wisconsin.
And this thing goes the other way.
They knew it was tight.
They knew they had to suppress it.
Do you have a follow-up?
Oh, you want to be a little bit more?
Yeah, I mean, listen, this is all great.
This is amazing.
I'm not here defending Hunter Biden.
I'm not a spokesperson.
I'm asking legitimate questions of how much this actually would have affected the election.
You guys seem to be 100% certain that had this story would have leaked, Trump would be the president right now.
I'm sure many people feel that way, and that's why people are very angry.
Let me do a different thing for you.
Let's see if we're going to make some progress here.
According to the definition of electoral fraud, do you, somebody who has a degree, you had a 3.7 GPA in high school, you're a smart guy on paper.
Do you consider what they did with Twitter, 99%, the email exchange, what you just saw, based on this definition that we just Googled, that there was election fraud?
I believe that they're not in the traditional sense, but in the suppressing of information, yes.
So according to this definition, so let me read it one more time.
I'm going to read it one more time.
Give me the highlighted part.
I'm going to read it one more time because English is my fifth language.
So electoral fraud, sometimes referred to as election manipulation.
That's this, with the process of an election, either by increasing the vote share of a favorite candidate, which is this, or depressing the vote share of a rival candidate by silencing people on Twitter or both.
Okay, so I hear you out here, and I could just ask one thing.
Was this illegal?
Because this says illegal interference.
Was this actually illegal?
So you're thinking what they did wasn't illegal.
What just happened with Twitter wasn't illegal?
Was it wrong?
Was it inethical?
Was it immoral?
But was it illegal?
Well, it's fraud.
The definition of fraud itself is illegal.
Okay, so let's say that's the same thing.
Guys, I'm playing devil's advocate.
I know you are.
You want to just sit around and all just be on the same page?
Yeah, 100 biters are worse.
The story's over.
We're moving on.
Raise your voice.
We're not raising our voice.
We all raise our voice from time to time.
What I will say is, let's be devil's advocate here.
I like it.
I'll use a nice little tone.
You don't have to be a devil's advocate.
We just need to read it.
I'm going to speak very eloquently.
It's 3.7 GPA.
The Benghazi story that they were doing with Hillary Clinton.
Yeah.
Benghazi, Emails, Couldn't that be a very similar situation?
I don't know why.
Don't deflect.
Stay on this matter.
I'm not deflecting, but I'm saying.
Stay on this.
She's a criminal.
She's a definition.
And that's validated.
People around her commit suicides too often.
Way to go.
And by the way, she's one of the most feared people in politics, not him.
People love Bill Clinton.
They fear her.
Do I know 100%?
No.
But if 74, whatever the number is, if 50 people around you, if 10 people around you keep committing suicides, I'm a little bit concerned.
I watched this documentary.
400 people that this nurse was looking at, they made a documentary, whatever they call this guy, the movie came out, The Good Nurse.
400 people died because they're taking a drug.
This guy eventually went to jail.
The difference between her is she controls all these political organizations, so she's not going to be going to jail.
It's not going to be happening.
How many people?
57 people from Clinton's inner circle have died in a strange circumstance the last 30 years.
Yeah, it's a weird number, bro.
I mean, the other day, Steph Curry made five full court shots with one hand.
Did you see it?
I thought that was fake.
I thought it was fake.
Everybody shocked when that guy's with one hand.
He made five full court shots.
This guy's the greatest shooter of all time when he did this.
Yeah, when you see some like that with Hillary, there's odds or there's something going on there.
So going back to this, to say whether it's illegal or not and beat around the bush with the story, what they did is election fraud.
That's the definition of it.
Can I tell you something about Hillary?
For it, what's your level of certainty that she is a murderer?
My level of certainty in life works in the following way: I play with odds, just like I do with investments.
Sure, I bought an Mbappe card, his most expensive car, two months ago.
The reason why I bought an Mbappe card two months ago is because I think that guy's a badass mother.
You know what?
And he's showing it right now, Pat.
And guess what?
He just officially tied the Messi and I think one more than Ronaldo or something like that for the most goals ever in the World Cup by a player.
And he's only 23 years old.
Those guys are in the late 30s.
Okay.
His car that I bought doubled in price in the last two months.
Okay.
That's an odds game that I'm playing.
Investment.
If I talk to my kids, and last night five frescas are missing, and Melva tells me five frescas are missing, and I'm sitting there interrogating these kids to see who had the three frescas.
We know we ended up finding out because of odds based on who likes fresca the most and who's an expert in that area.
Okay, so eventually we got the intel.
I went to my Twitter files in my house and found out who drank the most fresca, and the guy eventually admitted to it who it was.
Okay, so it wasn't Senna.
But the point with something like this with Hillary, 54 people, yeah, I mean, you're naive if you think it's a good idea to get into her inner circle.
You're a very naive person if you think it's a honorable thing to go work for somebody like that.
When you see what happened with Twitter and saying, I don't think it would have made a difference in election, you're either naive or the following.
And by the way, this is what I'm about to tell you right now.
I'm giving you a bone.
Okay.
And you can pick this and play with it all you want.
You ready?
All of us, to an extent, have selective hearing.
We can only see the good our kids do.
Great parents understand that their kids do things wrong and they got to be disciplined, either by their teacher, by their coach, or people around them.
Okay.
Great parents.
Sometimes we only see good in everybody.
Sometimes we don't want this story to come out because we hate Trump.
So we don't want to give him any credit for anything.
God forbid if this story validates that Trump should have been president and I'm wrong today and I got to go pay back all the people that I took money from.
Sometimes we don't like that story, right?
Okay.
But in reality, this is a real story.
Okay.
And a lot of people that voted for him are going back to Walmart asking for a refund right now, saying, I want my vote back.
They're not happy about their vote.
But there are those who secretly, they're so proud that they publicly looked so good when Trump lost, they can't give in to this thing to give it any kind of credence.
Because God forbid, if they do, guess what?
They were wrong.
We hate to be wrong.
Cannot stand buyers' remorse.
But a lot of people got buyers' remorse.
We can move on to the next story.
How do you give you a little pushback?
I love you.
I respect you.
You're my mentor.
You're my boss.
You didn't give me the odds, though.
What are the odds that she's a murderer?
Oh, you're going into that.
You didn't answer the question.
You told me who found the 50%.
Yeah, I think that's a fair question.
I'll give you the answer.
What are the odds that she's involved in those 54 people that committed suicide?
I don't know, bro.
I'm in the 60 percentile.
Okay.
Yeah.
I'm in the 60 percent.
And by the way, I appreciate that number because we learned something when we interviewed the Philip Mudds, former CIA.
And this is something that I constantly, constantly navigate to.
And I implore the audience to use this as well.
There's a major difference between what you think and what you know and what you can prove.
Yeah.
And nobody's proved that she's done that.
Well, you're giving 60%.
No, no, I'm saying 60%.
But let me tell you, 60%.
But there's people out there that are like, 100%, bro.
I know for a fact, bro.
It's like, shut up, but 54 people, there's a little bit of small bit of money.
There's a five-year-old.
Don't you think that people would follow that?
It's no close.
Adam, if 54 of my salespeople had committed and they were direct reports of mine, you should reconsider what you're saying.
I know who I'm looking at.
The guy who would be responsible would be Ricardo Aguilar.
You know what?
I'm thinking, Brick, I'd look right on his horse.
I like Ricardo on his horse and that's the next story.
Let's go to that.
That's exactly where I'm going.
I think this is appropriate to go into two stories.
I want to go into two stories.
I want to go into the Trump story next, then CNN layoffs.
I think all those are kind of going together.
So Trump calls for termination of the Constitution over Elon Musk's Twitter files leak.
Former President Donald Trump suggested that the contents of the leaked warranted a complete election redo or simply a coup in which he would be installed as president.
A massive fraud of this type and magnitude allows for the termination of all rules, regulations, and articles, even those found in the Constitution.
Trump wrote on True Social in a follow-up.
He added, unprecedented fraud requires unprecedented cure.
In all the certainty of late 2020, Twitter went to relatively extreme lengths to deal with the laptop story.
The platform blocked it.
Sharing a link to the New York Post story meant your accounts could be blocked until you deleted it, which is what happened to then White House press secretary Kelly McKennany, whatever her name is.
I'm going to eventually get it.
Okay.
She's old news.
By the way, so this story here with Constitution, what are your thoughts on this with what Trump said?
Well, I'm not so much worried about what Trump said because obviously Trump has a position here and he's sticking to it.
I'm more concerned with what Elon Musk's response was.
Did you see Elon Musk's response where he said no president or no person is bigger than the Constitution?
And I think that's something that we can all get behind.
No?
Yeah.
No, I agree.
I agree on that.
Here's what I will tell you.
Think of your, so you have to look at this from a couple different perspectives.
As an American, no, the Constitution is the Constitution, okay?
As an American.
If everybody agrees on doing something with the Constitution from both sides, it's something we ought to entertain.
Could be something we ought to entertain.
But at the same time, dude, think about if you're sitting there saying, I'm telling you guys, they did this.
I'm telling you.
And you're like, nah, you're an idiot.
You don't know what you're talking about.
You're just a criminal.
You're the one that's manipulating this.
Two years later, yeah, everything I said they did, they did.
Yeah, but you know, who cares?
It's two years ago.
Nobody really cares, right?
It's an old story.
Think about how you would feel as an individual.
So his understanding is just frustrating.
And just going to like his anger.
Yeah, he's nuts, right, Adam?
But it's validating his anger.
And January 6th, I don't give a shit what people call it insurrection.
The threat of divorce.
It was a peaceful meeting.
Hold on, hold on, hold on, bro.
Let's be real.
It was a bunch of dorky ass people taking photos on Pelosi's desk.
People were getting them let in.
There was FBI dudes riling people up.
Let me explain something to you, bro.
If you're more, I'm not condoning people getting killed because I think one guy had a stroke or whatever, but there's people are more mad at that than this is cheating, bro.
They cheated.
They stopped stories.
Who knows what else shit that they stopped?
I don't give a shit.
Bro, January 6th, I don't give a shit.
To be honest with you, that's why, Pat, do you guys think that now that whole comedian all that smoke is going to die out now?
Because guess what?
He's they cheated.
They withheld stories.
So now it's validating his anger towards it.
And that's, oh, here's my question to you.
Do you think of right now they just did a recount, a re-election, whatever.
All right, guys, he's out of the basement.
This story's out.
Does he win the vote?
Does he win the election right now today if they started all over again?
No COVID, no everything.
No, no, I'm just saying.
I'm not allowed to.
Everyone wants to play Monday morning quarterback and go back two years and figure out what happened.
Well, I know this.
Donald Trump is a toxic candidate.
I also know that Joe Biden is a very poor candidate.
And in America today, we have choices between shitty candidates.
Okay.
I'm not a team.
I'm not on Team Blue.
I'm not on Team Red.
I'm on Team Red, White, and Blue.
And this is the reason why everyone and their mother is like, I don't know, Ron DeSantis.
I really wish I could.
I have very good friends.
I bring this up all the time, who are as maggoted out as they come.
And they're texting me and they're saying, hey, bro, I can't continue to be on the Trump train.
So I don't know.
I mean, and who gives a shit?
We're not going back to 2020 as much as Trump truths about it or tweets about it, whatever they call it, a truth box.
We're not going back.
And at the same time, I understand why people feel angry.
Things were censored.
You know, big tech has a major role in disseminating information or limiting information.
So there's a lot of people have a lot of bones to pick, which I totally understand.
And I empathize with those people.
But at the same time, it's 2023 in about 25 days.
Yeah.
We're not going back to 2020.
I agree.
It's over.
I agree.
Move on.
I agree.
And try to clean it up for 2024.
By the way, we've had two and a half years to discuss the Hunter Biden laptop.
What's going on suppressed though?
How much did that affect the midterms?
Not much.
Well, wait a minute.
Wait a minute.
Whoa, whoa, whoa.
You can't say how much it didn't affect the midterms because this never came out before the midterms.
It didn't come out.
If this would have come out before the midterms, you're saying it's not going to impact the midterms.
You know, it's going to impact the midterms.
The timing of this was perfect for the left because this is going to impact elections zero.
It's not going to impact midterm and it's not going to impact 2024.
It couldn't come out at a better time for the left, period.
If I'm a strategic Democratic, whatever strategist, let's just say, for the left, I'm sitting there saying, guys, relax.
The best possible time for us, the worst possible time for the Republicans.
This ain't going to do nothing.
This story is going to move on in the next two months, three months.
They're done.
We're going to move on to the next thing and we'll find a bunch of stuff on DeSantis Trump that will make up and people will buy.
Don't worry about it.
Okay.
But let me transition into this story.
And Tom, I want to get your thoughts on the CNN story.
CNN boss hired Extra Security after cutting hundreds of staff members.
This is a daily mail story.
Let me go to the story here.
So CNN CEO, Chris Licht, reportedly hired Extra Security to stand outside a conference room and follow him around after cutting network staff.
Licht laid off hundreds of employees, including some big name on-air talents like Preet Bahara, Allison Kosick, Dan Merica, and Chris Silza.
Licht had sat in the executive conference room throughout the day with the doors open to take questions from remaining employees about the string of cuts, while most of the cuts were off-camera employees, contributors, producers and reporters like Martin Salvage, Marianne Fox, and Alex Field also faced layoffs and also are now forced to look for employment elsewhere.
Another major casualty of Licht's cuts was CNN spin-off HLN and its entire staff.
That's why the lady was crying.
So what are your thoughts on this, Tom?
Well, I think we are such an angry people right now that a CEO that's brought in to combination to a turnaround and part of that, he has to wield the hatchet on staff.
It's not surprising to me, and I think it's very prudent that he did this, but it's completely unsurprising.
We are such an angry people right now, and you're laying off a bunch of folks.
I applaud the fact that it is true that he was in the conference room.
He was taking questions.
So it sounds like he's trying to communicate it.
Hey, there's no good way to say this.
We are not getting good advertiser response.
This was not done out of pettiness.
This was not done out of preference.
This was done out of a lack of profit, and there's no money to pay these people.
So he had to make changes, including some large contracts that apparently people that weren't pulling viewership.
So I look at it and say, you may not like what it looks like, America, but this was a business decision.
And if it is true, I applaud that he at least tried to have a dialogue with people.
But the fact we are so angry and we are so on edge.
You know, you know, he had to get security.
And I understand that.
You know what's interesting about this?
This happens.
Every large organization goes through this.
But you know what happened with Twitter?
When Twitter laid off 3,700, 3,500 people, it was cover story everywhere.
He's a terrible man.
But when CNN does it, it's a different story, right?
Think about how they have to spin the way they're letting people go versus how when Twitter story, every other second, they were talking about Elon Musk, let's go off 3,500 people.
Elon Musk, let's go off 3,500 people.
And then you're doing this.
FYI, John Malone, I think you said you want to go back to journalistic integrity.
You said that, okay?
These are your words.
You said you want to take CNN back to real.
By the way, is there audio cut up?
Do you hear my audio?
Mine was a little bit irritated.
I think you guys are good.
Mine sums happening with mine.
You just try to.
If the audience is not hearing anything going on, my audio, then it's just my mic.
It's fine.
But I hear something going on with my mic.
But if John, if you're talking about you really want to do that to CNN and you're really committed to it, can I ask you why you haven't yet covered this Twitter story?
There has to be conference calls with leaders at the top.
Or are you like when the stories that Twitter, the story didn't come up to Jack Dorsey because maybe he wasn't involved during those times.
Maybe he was off site.
And you don't think the Twitter story needs to be told by your people?
What do you think?
You think the fake news label that CNN got is gradually going away?
Or you think you're increasing it by actually not talking about what was just released this past Saturday by Twitter?
Documentation, not opinions, screenshots of email exchange.
There is nothing more real than an email coming from a person telling you what they're asking somebody of an organization like Twitter to do.
And you still haven't covered it.
So guess what?
CNN, you are still fake news.
And until you're willing to do your part, competing on both sides, doing journalism on both sides, unfortunately, until that changes, CNN is still fake news till today.
Hopefully they'll do something about it because we need competition in media.
I told this thing about how all of us here use an iPhone.
Does anybody not use an iPhone?
Rob?
Tell us you don't use an iPhone.
Your iPhone.
This is terrible news, by the way, that everybody uses iPhones.
We need competition in media so people are watching everybody.
We need it everywhere.
This doesn't benefit if CNN is not doing journalism anymore.
It does not benefit it.
So, you know, when I see a stat like this, one, criticism, if you criticize others for getting laid off and you just did it yourself, it's kind of painful.
Number two, if you really say you want to change, turn things around, well, maybe you start kind of talking about some real stuff instead of just fake, fake, fake.
Constantly.
You know, I wonder, Pat, his security, were they armed?
Because, I mean, people at CNN are probably like, not anti-Second Amendment, but ain't nobody there got a gun.
So they were just a bunch of buff guys walking around like, we got you.
Because this guy, John Malone is who compared to Chris Licht.
Chris Licht is the new CEO and John Malone is.
John Malone's the billionaire.
John Malone.
Chris Licht is the CEO.
He's the new Ted Turner.
He's the new, he's, Ted Turner's a founder, but he's the new guy that owns and runs the company.
Since you're an odds guy, what percentage of CNN do you think of what they disseminate is fake news?
What percentage what they disseminate is fake news?
Right, because it's not 100% and it's not 0%.
Same thing for Fox.
I mean, for everyone.
Of course not.
You know, he's an odds guy.
Yeah, I don't know the exact number.
I'm not going to sit here and tell you it's fake news or it's not.
Guess what I would say is more lack of doing your job.
Biased.
Listen, for us, we're not journalists.
You can call this citizen journalism, but we run businesses for a living.
We run company.
This is a podcast.
We're going to talk about a bunch of different business stories today.
We're going to have laughters.
We're going to entertain.
We're going to educate.
We're going to enlighten.
We're going to talk about entrepreneurship capital.
That's what we're going to do.
And we're going to do this every day.
That's what we're doing with our company, right?
These guys, their job is to tell us what the hell is going on.
They get paid to do investigative journalism, and we're getting none of that.
How many people are sitting there investigating what's really going on with Twitter with Hunter Biden at CNN?
Zero.
How many people were investigating what happened with Russia collusion?
Everybody, and ended up being wrong.
Do you realize how pathetic an organization looks when they do that?
Credibility of CNN.
Look at this.
This is Statista.
This is not anybody else.
Zoom in a little bit if you could.
Zoom in a little bit.
Okay.
I mean, very credible, 23%.
Somewhat credible, 30%.
Not credible at all, 12%.
Not at all credible, 20%.
Heard of no opinion, 13%, never heard of it.
I mean, I don't know what this...
Scroll in a little bit, Rob.
Scroll in or out.
Scroll in.
So I go to the left.
What's the second number?
20 and 30?
30%, yeah.
So 50% of the country thinks that they're very or somewhat reliable.
53%.
53%.
47%.
And that's the same thing.
By the way, then the other half of the country says that they're not very credible or not at all credible.
Which is kind of America.
It's kind of America.
I'd like to see Fox's.
But you know what I would say again with them?
If you go and you investigate Russia and you told us, we're not the experts, that that's what happened and it was all fake, you're criminals.
You're criminals.
You caused how many unnecessary fights did that fake story about Russia create in Flint?
Oh my God, how many families?
Yeah.
You're absolutely right.
I do think that, so for instance, who was on the other day?
Was it, oh, it was Ari Fleischer.
Ari Fleischer.
And he said, I said, give me someone who's credible because his whole thing was that journalism is very biased.
And he's said that Brett Baer at the 5 o'clock, 6 o'clock hour on Fox News, that's someone that he finds to be very credible.
I actually happen to like Brett Baer.
I've met Brett Baer in person.
I've took a picture with him and gave him respect.
I certainly think that's the type of person.
But then after 7 o'clock, 8 o'clock, then you get into the Laura Ingram and Tucker.
So there is a difference in this kind of, by the way, the same thing with, you know, you have Wolf Blitzer and you have Jake Tapper, who I also find to be pretty credible.
And then you get into the Don LeMons and you get into the Anderson Coopers.
So there is a major difference between newsmen, newscasters, even journalists to that regard, and opinion journalists.
And I think that that's there's like this conflated sense of like, well, it's all kind of, it's on CNN, so it's all intertwined or it's all, what's my point is that I think on certain shows, opinion shows, there should be sort of a disclaimer that this is Don Lemon's opinion.
I agree.
This is Tucker Carlson's opinion versus someone like Brett Baer or someone like Shepard Smith or someone like Jake Tapper, where it's like, this is the news because you can't treat the same equally.
Just like how you kind of gave us, like, listen, we're business people.
We're doing a podcast here.
We're not the news.
We're not the journalists.
So there's a, people understand that this is an opinion.
Do you not agree?
You asked for Fox's score.
Here's Fox's.
It was 58.
Fox is 58.
CNN is 53.
I'm saying what?
I can't see so good.
No, no, you asked for the question.
The very credible and the somewhat credible.
Fox is 58.
CNN was 53.
So Fox has got CNN beat by 5%.
So America trusts Fox News more than they trust CNN.
By 5%.
That's a big percent.
That's 10% more.
That's not a small percentage you're talking about when it comes down to percentages.
I give them, you know, I would respect them more if they just had whoever's in charge now, just to be like, hey, guys, look right in the camera and be like, we fucked up.
We're sorry.
It'll never try to be better.
What I'm saying is that people might kind of chip because, like you say, Adam, it's not objective journalism.
They're political activists.
And I get it.
I'm pretty sure the DNC gives money to CNN, right?
And the Republican Party hooks up Fox.
But why is the Fox winning?
Why are they killing?
Why is Tucker Carlson number one and killing it?
Is it just that many more Republicans out there?
Let's move on.
Let's move on to some business stories here.
So, Tom, I'm going to go to you first.
Four in 10 consumers expect housing market will crash.
Survey finds.
Four in 10 consumers believe the housing market will crash.
Economists and real estate industry, by the way, that's a economist and real estate industry leaders generally agree that the U.S. housing market has slowed and will continue to in 2023, but have tended to use words like temper, modest, correction when referring to declining sales and price ahead.
Crash is a word that has been almost universally avoided.
Consumers may have gloomier expectations.
A recent lending tree survey of 2,033 Americans ages 18 to 76 found 41% believe the housing market will crash in the next 12 months.
Crash is defined as a significant drop in home values in a short period of time.
Of those expecting a crash, three out of four think it will be as bad as worse of 2008 housing crash.
Home prices posted the third straight monthly decline in September.
Tom, thoughts.
What's really interesting, I dug into this and there's you say to yourself, well, why do people think this?
Why do they think it?
And so I back up and say, why do they think it?
And I looked in here and right now, the days that listings are on is extending.
I saw Redfin.
I saw Zillow stats.
So the number of days are on the market are getting longer and longer and longer.
And the number of showings is like way off.
And it's because interest rates are high.
People can't afford to buy houses.
So if Vinny's selling his house, Vinny's my friend.
I said, how's it going?
It's gone nowhere, man.
I had a good realtor.
It's been on the market.
Nobody came here.
Open house was like three couples and it's just sitting.
It's just sitting there.
And she told me to drop at $49,000.
So I dropped it $49,000 and it's still sitting.
So Americans, number one, they know that things are sitting on the market.
Number two, they know that the mortgage rates are higher and it's making them all worried.
Those are the two facts that you dive into the consumer sentiment.
That's what they say.
Man, nobody can sell a house in our street.
And boy, look at the mortgage rates.
The average person that doesn't read the Wall Street Journal, who's just aware of their own community, that's what they're seeing.
What's also interesting is how regional this is.
Right now, California, Washington, Oregon, and Nevada, it is in crash mode.
Whereas South Florida, buoyed by a huge influx of people called demand, the market has only moved about 3%, 4%.
So depending on where you live is also connected to this.
But consumers are not dumb.
And they're seeing what's out there.
And suddenly it feels pretty bleak.
And you survey them and they said, oh, this thing's going to crash.
Let me ask you.
Rational confusion.
In your expert opinion, we can all agree that the 2008 financial crisis was spurned by the mortgage-backed securities and the, what was the NINA?
No income, no assets.
And basically the loose lending, right?
I mean, that's essentially the reason that the economy almost tumbled, all these mortgage-backed securities and all this loose underwriting.
Oh, yeah, yeah.
We were default and inventory both through the rough.
So there was a lot of bad actors.
There was a lot of loose underwriting.
There was whether it was illegal, fraudulent.
I don't know how many people went to jail for it.
I don't know.
But people were sort of calling it Michael Burry.
So there were some definite reasons for that.
In your expert opinion, what are the one or two bullet point reasons why this crash would happen now?
Is it interest rates?
Is it supply and demand?
What would it be?
Well, first of all, what goes up must come down.
And because we printed all that money, we artificially inflated asset prices.
We've talked about this on the podcast before, from cards, sports cards, collectors, to artwork, to used cars popped up.
Remember?
And so what goes up must come down.
And right now, what you've got is this crash is not going to be the structural disaster where you had all of those adjustees popped.
Because remember, what happened wasn't that they had bad loans.
It's that they all adjusted.
And once the adjustment started, it was this horrible downhill storm of people defaulting because the interest rate came up and they're like, sorry, I can't pay that.
I have to default.
What you have right now is you had artificially inflated prices that have to come back down.
And they're coming back down in the face of two things.
Interest rates are really high.
And you've got the affordability in terms of the individual consumers.
So the demand side.
So I don't see a structural disaster the way there was with the adjustable mortgages that suddenly adjusted and squeezed everybody and they defaulted.
I do see that the prices were artificially inflated and now you've got, oh, interesting, the areas that have low demand, like California, Washington, where people are moving out of those blue states, reducing the demand for houses.
And that's where you see it coming down first.
But Americans are not dumb.
They're out there right now and they're feeling this.
And for a lot of people, average means, this is sad.
Let me go to this next one because there's different markers when you look at this.
Fewer tourists and less spending in Las Vegas as inflation takes its toll.
Inflation is taking its toll on Cincinnati as fewer tourists are visiting the gambling mecca.
And those who do spend less than usual, the University of Las Vegas Business School released a report forecasting the city's economic outlook between 2022 and 2024 and noted that its economic turned grim in June of this year.
Interest rates have gone up and we know that.
We know that prices are going up as well.
And that's what the Fed is trying to get their hands around and solve.
So it may be that Fed's policies is having an effect not only nationally, but it's also affecting our economy locally.
One of the studies authors, Professor Stephen Miller, said, Tom.
You know, what's interesting about this as well, basically, people in Las Vegas are hurting because, you know, you can spend everything you want in the news, and we've just covered that a little bit.
But there are two things that are very, very true right now.
Savings rates are crashing and people have stuff on credit cards and they're using that for average purchases.
If you're doing that, you do not have that extra 500 bucks to go with two buddies to go see a ball game in Vegas and gamble a little bit.
You just don't have it.
And that is the core of Vegas.
And you're seeing it right now.
And so the tourism's down.
And when the tourists are there, we don't spend as much.
We gamble a little bit, not a lot of bit.
We don't party.
We don't have a $4,000 bachelor party for our buddy.
We spend less or we don't go.
It's crazy when you're saying that.
When COVID happened, I would go to Vegas regularly because we were signing a contract with MGM Grand Arena.
So my driver would pick me up and I would say, so tell me how is, I would ask everybody, house traffic in Vegas, not back yet.
How is it?
Oh, everyone got laid off.
MGM.
How many people got laid off here?
90% of our people working for MGM Grand Arena laid off.
No way.
What are they doing?
They're all trying to find some work.
But they have to move out because you're in the event business, right?
So a way to gauge economy is Las Vegas.
A wage to gauge economy is nightclubs.
A way to gauge like the story you were talking about yesterday with Miami, how a year ago 11 has $6 million of Bitcoin they accepted to this year, 11,000 in the last 90 days.
That's just mind-boggling to me when you hear a number like that, right?
So nightclubs tells a story.
Las Vegas tells a story.
Gambling tells a story.
All of these things are telling a story.
You know, now somebody may come back and say, well, Pat, didn't we have record-breaking Black Friday and Cyber Monday?
That's also a story because the numbers were up for online sales, but the numbers were down for physical going to a place, which makes sense.
People no longer want to go to a physical place, deal with lines standing outside.
Dude, I just go on Amazon and buy it and it's going to be shipped to me anyways.
And nowadays they're shipping faster.
So this, you know.
I was so disappointed.
Thanksgiving Day.
I usually like to watch the riots at Best Buy where people come in and 70 inch TV.
They took the year off.
That's so fun.
But I mean, Pat, think about it.
If that's the biggest sale day, people are going to spend money that they, you know, they get kind of because it's 40% off.
But Tom, what do you think would be, what's going to be like this crash that they're talking about?
And I know since I've been here, I've been here for six months.
You guys have kind of been, you know, we're all bringing around, you know, 6, 12, 18, 30, you know, whatever.
What do you think is going to be that breaking point where it's just going to like, I'm not hoping for the 2008 crash, but like people like me that have been kind of saving and stuff because listening to my boy Adam, like we're wanting to buy, Pat, I want to, I'm going to probably live in Florida for the rest of my life.
I want to buy a house.
I'm not going to take advantage of people's failures, but I'm waiting.
When you think, I know we've been talking about it.
What's going to be the straw to break the camel's back?
I'll defer back to Pat, but we've been talking on this podcast for a while that Goldman and others are calling top rate.
What is it, Pat?
Five and a quarter, four and three quarters, like May, right?
That's what they're calling top.
They believe that's going to be the top.
Now, what that means, Vinny, is that's when the increases stop because they believe they have inflation under control based on a lot of things they watch, including unemployment.
Once that happens and it comes down, then you're going to see some maybe housing opportunities out there and you're not taking advantage of somebody's misfortune.
If they have to sell that calves and you have the capability of buying that house, that is a transaction.
It may not be as good as those people like it, but it is.
Let me give you a data.
I'm sorry.
I just want to give one thing about Vegas.
At mid-year is what I'm looking.
You're like, we're counting.
Listen, yeah, well, I think we can all agree.
You're not going to Vegas like you're going to Florence to go check out the history.
You're going there to party, to drink, to gamble, to do sinful type of activities.
That's why it's called Cin City.
So I'll give you a story.
Two years ago, a buddy of mine was having his bachelor party.
And most of us live in South Florida, Miami.
And he's like, dude, we're going to go to Vegas.
It's a very emotional decision to go party and live it up.
It's not like logical acting.
Well, you know, I think we should have a good time.
Let's go.
We're going to party.
We're going to rage.
I said, guys, let me give you a little food for thought.
There's 10 guys.
Okay.
I said, we're all going to fly to Vegas.
We all got to get hotel rooms.
We all got to, you know, eat meals, this, that, party clubs, nonsense, gamble.
I said, we're all going to end them spending three grand a person.
Okay.
That's 30 freaking grand between 10 dudes.
I said, if we just stay in Miami, don't succumb to our emotional, you know, primal instincts.
What do you think we could do with 30 grand staying here in Miami?
And I wrote it down.
I said we could do this, this, this, this.
Universally, unanimously, they're like, Adam, logical reason, we are staying in Miami.
By the way, for $10,000, we had a ridiculous bachelor party.
I would have invested the rest of the $20.
What I'm saying is, stay local and save that money.
That's a great story, dude.
That's dope.
So you're at the comedy club, make it rain.
Yeah, exactly.
The question you just asked, let's address the question you just asked.
When is a good time to buy a house, right?
because a lot of people, I was on Tom Ferry's podcast and we were going back and forth.
He had another guy that's a real estate expert.
Well, I don't think, I think maybe the real estate's going to take a hit around, you know, somewhere shy of 5% next year in 2023.
Speaking like a realtor, sweetheart of a guy, but that's what they're saying right now, okay?
Savings rate plunges to lowest since 2005.
This is an Axios story.
Americans are spending most of what they're earning these days.
Okay.
The savings rate in October was the lowest since 2005 and the second lowest on the record ever.
Let me say that one more time, folks.
It's very important, Vinny, for you to hear this.
I am.
Americans are spending most of what they're earning these days.
Do you know how scary that is?
The savings rate in October was the lowest in two since 2005 and the second lowest on record ever.
This is America, richest country in the world ever, right?
Thanks to higher prices and a return to normal life that has folks traveling and going out again.
Americans are spending more and saving less.
And for now, many are sitting on a lot of savings so that they don't need to sock as much money away.
Keyword, they're sitting on a lot of savings right now.
A lot of folks build up a big cash cushion over the past couple of years, but the inflation trending higher than wage increases, at some point, something's got to give.
So what does this mean?
All right.
So people are not selling a house right now for what it should be worth because they have some money.
They're not in a hurry.
People are, I bought a Tiger Woods most expensive, best card I just bought, it sold for $396,000 a year and a half ago.
I just bought it for $140,000 cash.
And he won a $300,000, and I paid $140,000.
This card sold 17 months ago for $396,000.
I bought it for $140,000.
Okay.
I just bought a Joe Burrow card.
That's a million dollar card.
It's one of one.
It's a National Treasure one of one.
I bought the car for $300,000.
Wow.
I bought a couple Mbappe cards, Max's last name.
What's Max's last name?
The driver that won two Formula One championships.
Verstappen.
Verstappen.
I just bought two of his cards.
That guy's a freaking stud of a guy, right?
Young one.
Young, too.
And buying, I just bought Patrick Mahomes' second best card.
I think that guy's a stud of a guy.
That's a million and two card.
I bought it for $400,000, $380,000, right?
So people are starting to sell things like that.
So cash is still available to people.
They're being reckless, not saving money, thinking that money is going to be coming regularly.
They have no clue what happens when unemployment goes up high next year.
And then eventually in the next six, nine, 12 months, they're going to sit there and say, babe, I think we have to be realistic.
That conversation with a realtor is going to be had.
And the realtor is going to sit in there and say, listen, John, Mary, I have to tell you guys this.
If you're not going to hear from me, you're going to hear from the next realtor if you fire me.
And here's what the conversation is.
And he's going to show, he or she's going to show five, six, seven different stories.
And it's going to say, real estate's taking a hit.
And although you think this is a million dollar home, this is actually a $790,000 home at best.
I say we go on the market with $870,000.
And if we get offers in a high sevens, let's entertain it.
And that realtor has to sit there just like a doctor telling a patient, if you don't stop losing weight and stop eating sweets, you're going to have a heart attack and die in the next 12 to 24 months.
Doctors have to have that conversation.
Then it's on the patient to say what?
Doc is full of shit.
What are you talking about?
No problem.
Keep eating what you're eating.
Two years later, I'll see you again for a heart attack and we'll have that meeting.
As a matter of fact, set it up in the calendar because your lifestyle is leading to a heart attack.
People are starting to realize their financial situation is about to have a heart attack.
And unfortunately, very few of us like to pay attention to different markers that's trending towards a bad event coming up in our personal life, in our finances, in our health, in many different aspects of our lives.
Arrogance, we are so blind.
We have so many blind spots.
Human nature has that, right?
America's going through it.
So if I'm, again, I'm not an expert in this space.
I'm not going to sit here and tell you I'm a real estate experience.
We can talk to some other people about that.
My opinion.
is if I'm buying something, I'm very patiently waiting until middle of next year to Q3 of next year.
If I'm going to be living in a house for 10 years, fine, go buy a house today.
But if I'm looking at something that I'm buying that I don't know if I'm going to live in it for 10 years, I'm probably waiting until middle of next year.
Adam.
Look, I love the fact that when it comes to your money, it's called personal finance.
Because if there's anything that I'm an advocate of, and I know we're all advocates of, it's personal responsibility and personal decisions.
We live in freaking America, for those of us that live in America.
What a blessing to be able to live here and not deal with the nonsense that the rest of the world has to deal with.
And, you know, one of the things I always say is there are a difference between broke and poor.
Poor is, man, you're living in a poor ass country.
You have no opportunities.
You are poor.
You know, poor is a horrible mindset.
It's a horrible situation to be with.
Broke is a different thing.
Broke is you make 50 grand a year and somehow you can't get by on 50 grand a year.
Broke is I make 100 grand a year and somehow I'm living paycheck to paycheck.
You see these stats of these millennials, 50% of millennials making 100 grand or more or living paycheck to paycheck.
You see these stories and it's like on one hand, I'm like, hey, I hear you.
I understand.
It's tough out there.
But on the other hand, I'm like, buddy, you're making $100,000 a year.
Figure it out.
So everything comes down to wants versus needs, understanding, keeping up with the Joneses, understanding what lifestyle creep is.
The more money you make, the more money you want to spend on nicer things.
And at the end of the day, you have the power to control your own finances.
You have the power to go get another job.
You have the power to stay home on a Saturday night versus going to Vegas like we just discussed.
So at the end of the day, save that money.
It's on you.
I think, Pat, well, I didn't want to put it on blast here.
I think, because Pat, what we're a point we're getting to, me and Adam would like to borrow 500 grand from you and 500 grand from you and start an app called Vegas Schmegas.
And we're going to bring tourism to Miami.
And that's the story.
Are you guys in?
I like it.
I like it.
Vegas Schmegas.
We don't need anything.
I'm getting your thoughts, Pat.
We've discussed these stories that have kind of gone up and down like a yo-yo over the last couple of years with COVID.
You know, they're using like the return to normal, which is like go back out and just spend money versus we've seen debt come down and then personal savings go back up and house prices.
But at the end of the day, it's your own individual decisions, what you do with your money and your finances, is it not?
It is.
And you got to, for some people right now, they're going through really rough times.
For some people, they're really experiencing the pain.
You know, like think about going to sleep every night, worried about your company is about to announce layoffs.
And if you're on that list and you have to clean up your resume, okay?
That's a scary place to be.
But I will also remind those same people, if it's a scary place today, listen, if we can just be straight up with you, you were very arrogant a year and a half ago, bullying your employer for constant raises every 90 days and threaten them to leave if they didn't give you a raise.
You know who you are if you're listening to this.
You did that.
So both ways, if you did that, you're paying a price today.
Because Jededai asked me a question.
She says, does body count matter?
Okay.
Do you remember when Jedded asked me the question?
Does body count matter?
And I said, here's the best way for me to explain body count.
Like, do you, if a girl's been with 100 guys or 50 guys or whatever, does that really matter?
I said, the same way it matters if you have 20 jobs in the last 10 years on your resume.
Okay.
If you got 20 jobs on your resume the last 10 years, that tells me you don't know how to handle conflict.
You eventually quit.
You're the problem.
It's not the company.
It's not the organization you're a part of.
You have a negative attitude.
You probably also get other people to quit.
You attract the life out of the place.
You blame everybody.
There's an issue with you going into 2024.
That's got 2023.
That's got to change.
So, if the trends, by the way, if somebody's listening to this, we can all sell others and blame everybody for our problems.
We can blame our bosses.
We can blame everybody.
Or we can sit there and say, no, this is me.
Dude, in the last 10 years, you've had 20 jobs.
Why is that?
We got to fix something there, right?
So, as much as some of the people that are going through challenging times right now, you got to go back and look at the decision-making being made a year, two years, three years, four years, five years ago.
Our current life is a byproduct of five decisions we made in the last five years.
Let me just simplify it for you.
Your current life today is a byproduct of five decisions you made in the last five to ten years.
Who you married, what you bought, job you took, why you quit, how you lost your emotions in a situation that you could have stayed calm.
It's really five decisions you made.
You take those five decisions out, you're probably in a different financial situation today.
Okay.
And if your life is incredible today, you take those five good decisions you made the last five years, your life could be shitty today.
So, we have to get better at our decision-making process.
The better we get at making decisions, life tends to give you better life, better lifestyle, better friends, better people, better investments, better opportunities.
Things get better.
So, maybe if there's one skill set that we need to improve in 2023, is a system for making better decisions.
Okay.
I got to just give you a shout out for how on point and accurate that is.
This comes down to individual decisions, individual responsibility.
It's so on point with what you said.
The five decisions that you've made over the last, would you say, five years or whatever?
Five to ten years.
Everyone wants to play the blame game.
I'm thinking of a press, of a friend.
He's like, Oh, you know, they don't pay me enough.
Oh, they don't appreciate me.
And I'm thinking, I know this person.
I'm like, I see the decisions you're making, my friend.
I see what you're doing on the weekends.
I see you've told me what you did a few years ago.
And so I'm able to be your friend and hear you out, but I also know deep down you weren't making the best decisions.
So you want to kind of blame the boss, or you want to kind of blame the company, or you want to blame whoever was in all your roommate, whatever it was.
But the hardest thing to do, bro, is look in the mirror and be like, I really could have done better.
I shouldn't have done that.
And that's hard to do.
And that's why I such so agree with what Pat is saying right now.
It's a very by the way, we all have a hard time with that.
Anybody says they don't, they're full of shit.
Everybody has a hard time with that.
But it's 20, you know, there's a few things like last night's meeting, Tom, was an awesome meeting.
I mean, one of the breakthroughs we had last night was freaking sick.
It was an emotional breakthrough we had last night, right?
Absolutely.
We're going back and forth, back now, boom, thing, It hit, right?
It's exciting looking at the stuff that we're working on for 20.
You know, this whole week is about business plans.
I got meeting after meeting after meeting after meeting this week.
I'm going from, you know, this visit that we have a board meeting, we have an FAB meeting, we have a carrier meeting where we're entertaining all our top multi-billion dollar carriers that are flying in town.
We're going to be entertaining them.
We're going to be telling them what we're going to be doing in 2023.
We got this.
December for me is a very, very busy month.
Mine is Christmas.
And by the way, speaking of business plans, I'd like to thank our sponsor, which is the business planning workshop that you're doing next Friday, which is, is it sold out already?
Kai will thank you for this.
You better.
Kai will thank you for this.
Is it sold out?
I don't think it's.
I think the live ones is sold out.
Okay, but is it too late to register?
No, you can at this point.
Because that thing is sick.
Put the link below for that.
I'm going to do a planning workshop right here.
I'd like to thank our sponsor, ourselves, for sponsoring this.
What a great.
We did this last year.
I want to say we did it in early January.
Massive hit.
No, this was a massive hit last year.
Yeah, exactly.
And we're doing it again this December.
The response, the reviews were amazing.
And if you're working on a business, I mean, you want to kind of give a plug of why they should attend something like this?
Listen, for the longest time, I treated business plans like homework until I figured out what's the right business plan to write that produces emotions.
The average person doesn't look at their business plan after the month of February.
They just don't.
They just kind of sit there and say, hey, it was like a homework new year resolution and they're done with.
This one, we're going to give you specific 12 building blocks to write a business plan that increases chances of the things you write down on your business plan for 80% of them to become a reality.
And we're doing this on December 16th.
Rob, if you can put the link below for people to get registered, those who want to, we'll give you the link.
Okay.
Next story.
I want to get into, do we want to do Musk?
Do we want to do Kanye?
Do we want to do economy?
Why don't we finish up this Fed rates here, Tom, and the economy with Wall Street Journal?
I'm going to go to this one here.
So Fed to weigh higher interest rates next year while slowing rises this month.
Federal Reserve officials have signaled plans to raise their benchmark interest rates by half a point at their meeting next week, but elevated wage pressures could lead them to continue lifting to higher levels than investors currently expect.
That's a scary thought right there.
Yesterday, the market responded to that data.
I think it dropped like a couple percent yesterday.
Doubt it.
Most officials on September penciled in rising rates in between 4.5% to 5% next year.
That landing zone could rise between 4.75 and 5.25 in the new projections.
Fed chair Jerome Powell outlined two possible strategies for proceeding.
One would be to quickly raise the Fed funds rate well above 5% level, broadly anticipated in financial markets, and then lower it right away if it turns out they have gone too far.
Another would be to go slower and feel your way a little bit to what we think is the right level and then to hold on longer at a higher level and not loosen policy too early.
Tom, if I'm reading this correctly, am I understanding that this guy is maybe hinting in January doing three quarters of a basis point, maybe up to a point to just put a big shocker to the system and see how it responds?
Yeah, what we're seeing is an episode of Dexter playing out in the economy.
Oh, wow.
The economy is tied with duct tape to a chair while Dexter looks in.
Do I do half a percent with this tool or do I just take the bone saw and cut off your arm on this side?
And that's really morbid, and I'm not trying to be funny with that.
But when I hear the Fed talking like that, well, maybe I do three quarters of a percent in the middle of December, or maybe I do a half a percent in January.
Honey, does that mean you get laid off in December versus January?
I'm trying to figure that out, Marge.
You know, it's like it's like going back and forth.
But that's what he's saying.
What he's saying is we got some indicators here that said that inflation is still a problem.
And he's trying to decide whether he does a big increase, yell loud at the economy to see if your kids stop and go to their rooms and go to bed.
Or if you just raise your voice a little bit, raise it a half a percent.
That's what, when you think about it, that's what he's actually trying to do.
He's trying to see if he can get the economy to slow down a little bit.
And does he do a big right now or do a little bit in January?
But it doesn't change what we were just talking about.
That May, June timeframe is going to be the high point.
Now the question is just, is it going to be all the way to five and a quarter or could we get lucky and be four and a half?
Ladies and gentlemen, both numbers are big, and it's not going to be a soft landing.
If you're saving your money, if you're being prudent, the things we were just talking about, planning for next year, your future will look bright.
Great metaphor, Tom.
Dexter.
Amazing.
I'm a little nervous now being around Tom.
I'm sitting next to him.
You'd be the perfect candidate to nice, good family man, Christian man, biz doc, this alter ego.
Low-key, where's Tom going?
He's got all these business meetings.
The funny thing is, if like in his jacket, he opens it up, there's a stain of blood like that.
Oh, my God, that's a whole layer of the body.
That's what it looks like.
By the way, look because of the inside of your jacket.
Real talk.
Open that up, would you?
It's red in there.
Hey, the business.
Stop.
The enemy is stopping.
What kind of doctor are you?
We're learning a lot about this.
By the way, so how about we do one last one on economy?
This one's a little bit of an uplifting story, and then we'll go back to it.
Rubini warns the mother of all economic crisis looms.
Just looking at the explicit debts, the figures are staggering.
Global, total, private, and public sector debt as a share of GDP rose.
This is insane, Tom.
From 200% in 1999 to 350% in 2021.
The ratio is now 420% across advanced economies and 330% in China.
In the United States, it is 420%, which is higher than during the Great Depression.
I have to read this to you one more time.
I don't know if you kind of were distracted.
Put your phone aside and just listen to this for a second.
I'm asking you to listen to this for a second.
I'm going to read the sentence.
Just looking at explicit debts, how much debt we have, the figures are staggering.
Globally, total private sector and public sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021.
The ratio today is 420% across advanced economies.
That's 330% in China, but U.S. is at 420, which is higher than during the Great Depression and after World War II.
Damn.
Of course, that can boost economic activity if borrowers invest in new capital, machinery homes, public infrastructure.
That yields returns higher than the cost of borrowing.
But much borrowing goes simply to finance consumption spending above one's income on a persistent basis.
And that is a recipe of bankruptcy.
Moreover, investment in capital can also be risky, whether the borrowers or households buying a home at an artificially inflated price, a corporation seeking to expand too quickly regardless of returns, or a government that is spending the money on white elephants, extravagant but useless infrastructure projects, hence the Build Back Better or other items that they're doing.
The inflation reduction, whatever it was called, the Reductionary Act.
With governments unwilling to raise taxes or cut spending to reduce their deficits, central bank deficit monetization will once again be seen as the path of least resistance, but you cannot fool all the people all the time.
Okay.
When you hear this here, this guy saying this, Tom, first thing you're thinking about is what?
What I'm thinking about is, so put it in perspective, 420%.
That means we owe ourselves four times our annual pay, if you want to think of it that way, as a nation.
And as interest rates go up, we got to pay the interest on that, which is what makes that debt be a bigger and bigger percent of what we have to pay every year.
And there's less for positive programs and like highway infrastructures so that rusty bridges in Wisconsin don't collapse.
Remember that?
And those people ended up in the river.
So basically, you know, if we think personal debt is bad, that's nothing compared to all of us.
Can we just give a shout out to the writer of this article?
Tyler Durden from Fight Club is the author of this article, right?
No, this is Zero Hedge.
I know Zero Hedge.
He uses the Tyler.
Yes, of course.
But, you know, this Tyler Durden, destructive doomsday, or we all know that.
But, you know, I asked you a question earlier, Tom, about like the reasons why we think the housing market would crash and, you know, the correlation with what happened in 2008.
But for years and years and years, we've been hearing about this potential debt crisis.
And this obsession with debt, whether it's in personal debt, whether it's business debt, whether it's GDPs, countries borrowing debt, African nations going into debt to China, debt, debt, debt, debt.
Iran borrowed how much money from China.
But this obsession with debt, it's not going to have a good ending for a lot of people.
I mean, I'll tap into my inner Dave Ramsey here, but debt is dumb.
And unless you can kind of, you know, what they highlight here, unless you can kind of borrow money and then parlay that into a higher rate of return, yeah, you can obviously grow your wealth and grow your country's GDP.
But the downside to it, which is article highlights, it could get very, very ugly.
In the middle of what Pat Red, it says, but borrowing that goes simply to finance consumption.
Oh, you mean like $1.4 trillion that was just handed to people that went to Vegas and bought things with COVID?
Yeah.
Yep.
Exactly.
Anyway, so all in all, Vinny, in other words, you know, the economy is still got some work to do until it recovers back to normalcy.
That's not going to happen for a minute.
Let's talk about the reaction that they had when an MSNBC crew.
If you can pull up this video, so they're sitting there, if you can zoom it in, like, yeah, there you go.
So they're talking about an announcement that DeSantis makes the person of the year shortlist.
You need to see the reaction of what they say when that is announced.
Check this out.
22 winds down.
We are beginning to reflect on the year that was.
That includes the highly anticipated revealing of Times annual person of the year.
Ron DeSantis makes no sense to me.
Explain his.
I can't do the DAO of DeSantis, but his presence on the list is because he won reelection in a massive landslide.
He flipped Miami-Dade, and much to the chagrin of a prominent former constituent is on the cusp of really being the frontrunner for the Republican nomination.
So Zelensky is about to is on the cusp of winning the largest land war in Europe against a country 10 times its size.
That's the victory that he has at his site.
So Ron DeSantis won Miami-Dade County.
So those are kind of like the parallel.
In terms of influence, those are the kind of things we're really talking about.
It's a challenge.
I mean, Miami-Dade, I don't want to dismiss Miami-Dade, but it's not.
It's not like winning World War III.
This is my seventh-year leading person of the year, and I'll say we do a lot of apples and oranges comparisons.
I was going to say, that's more like apples and watermelons.
By the way, can we back up and show who was on that short list?
It was in the first 20 seconds very quick.
Yeah, one quick.
Scroll in right there.
Xi Jinping?
Xi Jinping.
Are you kidding?
Can you scroll in on that, Robert?
I mean, I'm sorry, Malik.
You got the Fed?
Is that what that looks like?
Or the Supreme Court?
You've got Elon Musk.
You've got Liz Cheney.
You've got Zelensky.
McKenzie Scott.
You got Kenzie Scott who's giving away all her money.
Protests in Iran, in Iran.
And who are on the right?
You got Janet Yellen.
The Advocates and Janet Yellen.
Gun Safety Advocates.
How can you be plural in a person of the year?
By the way, does anybody want to give their top one or two of who you would vote for here?
For person of the year.
Yeah.
I mean, they've boiled it down to 10 people.
DeSantis is on the short list.
I think rightfully so.
Who would be your two?
Pick two off that list that you think objectively.
Here's the difference, though.
I think the question is more, who do you think deserves to be there?
And who do you think Time's going to pick?
Because I'll give you my who I think Time's going to pick.
I think Zelensky is the one Time's going to pick because of the way.
But so, okay, go ahead.
So based on that, who do you think is going to be the top?
Zelensky's certainly in the front running here.
I don't think Liz Cheney has a chance.
I don't think Janet Yellen has a chance.
I don't think that Mackenzie Scott has a chance.
What was the one on the left?
Is that the Iran protester?
Protesters.
I put that up there.
I think on a soft spot in my head, in my heart, I think that's something near and dear to what we talk about here.
I don't think they're going to win.
Although, did you see what the supreme leaders of Iran are doing these days?
Maybe we get to that, cutting off the hijab situation.
But I think the frontrunners here are clearly Elon Musk and Zelensky.
And God forbid if Gi Jing Penguins.
He's so un-American.
And Pat, I forgot to bring this up earlier.
It's kind of weird because the whole, I mean, Elon Musk, amazing free speech.
It's killing it.
I always, Adam, the devil's advocate.
I think we talked about it yesterday.
I was reading all this, Pat.
He's giving all these people all this thing.
And then all of a sudden, I started hearing about the Neuralink.
They're about to start testing it in human beings.
It's almost as if he's being this.
It's like almost, it could be, if you want to think like devil's advocate, a wolf in chief's clothing.
Now all of a sudden people are going to go, hey, this is the free speech.
He did that.
Now he wants the sole microchips in our head.
I'm in.
That's going to be a great selling point to people that are kind of skeptical because, Pat, it's happening.
Like they're going to test, I think, six human beings really, really shortly.
And I don't, listen, I don't trust anything with microchips and shit in the body.
I'm a Christian.
I've read the Bible.
When they talk about the mark of the beast, it's getting, he might be such a Pat.
He might be that guy.
And then it's going to make people's decision to put these things in the middle.
So are you saying Elon's the guy that's going to be on the top of the list?
Is that what you're saying?
He's going to probably be up there 100%.
So, Tom, who's your name?
Can you go back to that list, Rob?
So I'll tell you, I agree.
I think Time Magazine is going to make it Zelensky, but I'll tell you who I honestly believe the person of the year is.
Many years ago, I was really stirred when I saw the picture of these people after they voted.
Remember, they would get the purple die on their finger because they had to put that in.
They would hold their fingers up in the city square, defiantly saying, I voted, which was equivalent to saying, hey, come bonk me on the head, right?
Because it was a lot of, or just cut my head off.
I actually believe that the person of the year, in terms of the people on that list, Zelensky, I see that, but the protesters aren't around.
They're risking everything.
They're risking everything.
And all for freedom and a little bit of a better way and thing, you know.
And in terms of raw impact, it's Elon Musk.
But the protesters are around.
What they are putting, they're putting their necks out there for a massive greater good that they may never see.
It may be their next generation.
True.
By the way, Pat, you have a vote?
Yeah, so if you look at this, I don't know why Zhe is on the list, okay?
But I get it.
You know, he's a name that's got to be on that list every single time.
Fine.
Notice who's not on the list.
Biden's not on the list.
Kamala's not on the list.
Obama's not on the list.
Any of those guys are not on the list, which fine.
That makes sense.
Okay.
If you look at it from advancement and controversy and freedom of speech, Musk has only been at it for six weeks.
So person of the year, I don't know yet.
I think it's second or third.
What DeSantis did, he had a playbook that showed, you know why it's so patriotic for what Ron DeSantis did.
This is the part we have to respect about what this guy did.
It's very hard to have convictions where you lead with those convictions with the risk of you may be very wrong and it could be catastrophic, but you believe in your bones you're making the right decision with kids, with schooling, with businesses, with COVID, with all of that.
And you end up being right?
I don't know.
Because what Zelensky is doing, 90% of the world is supported, not 90%, most of the world is supporting.
Every channel you turn on, he's a hero, he's a hero.
He's a modern-day Winston Churchill.
Every channel mainstream media you turn on, Ron DeSantis is a bad guy.
So for him to be right where the NBA held the playoffs in his state, where Disney World kept doing business in his state and this land was shut down, where people were going on vacation for Christmas in his state.
Last year, everybody from L.A., New York, Chicago, they were going to Florida for vacation.
Listen, if you truly want to call it leader of the year, when you leave it person of the year, doesn't necessarily have to be the leader of the year.
But if that person of the year was a leader of the year, it's nobody but Ron DeSantis on that list.
And by the way, and it's not even close to me.
Yeah, you can go back to the list.
It's not even close to me.
He's not having a lucky year.
Go back and look at the last three years.
By the way, do you want to consider this?
Food for thought.
You want to see Trump have a meltdown of epic proportions?
You want to talk about meltdown?
Go ahead, Time magazine.
Select Ron DeSantis as the Time person of the year.
Ron Sanctimonious, whatever Trump calls him these days, desanctimonious, Trump would have a literal meltdown.
Why does he deserve?
Because we're heading towards that point.
Don't you agree?
That DeSantis and Trump are going to clash at the RNC.
And we're going to see what happens.
But isn't Time predominantly a left-leaning organization?
Yeah, Time?
Big Time Time.
It's owned by Mark Benihoff.
Okay, then guess what, Pat?
What we want, different story.
Zelensky's going to win because how many billions have they got in the dude?
They've set this guy up.
Can I ask why McKenzie Scott is in the top 10 list?
She's given away billions of dollars.
So she's given away the money that Bezos made and that's on the list.
And she hooked up with the best.
No disrespect for her.
Hang on, hang on, ladies and gentlemen.
No, you know what I think, though, Pat?
Because she hooked up with just an average Joe.
That is a good person.
Pat, I think you need to normalize it as a percent and have a different contest.
Mackenzie Scott has only given away 33% of the money from her husband.
There are women in this country that have given away 300% of the money their husbands have generated.
Yeah, that's very true.
By the way, she's a rookie.
We're going to find this out in the next couple of weeks.
Were they selected?
I think so.
I'm sure we'll jump.
So final vote, who are you guys voting?
Just so we can put a button on the floor.
Who's going to win?
It's now.
Odds are on Zielinski.
Oh, Zelensky.
Who's going to win Zelensky?
Who's going to win Zielinski?
Who I would hope, which I know they're not, are the protesters in Iran.
But I think Elon Musk would be second place and Zelensky's going to win it.
I think Zielinski's the frontrunner.
Elon Musk.
But protesters in Iran, they would have to have mass.
I mean, like, they would have to link it.
Yeah, yeah.
I just can't believe AOC is on.
That really pisses me off.
Don't underplay the vindictiveness of what Time magazine will do just to see the president of the market.
Just to see Trump's response with the same thing.
By the way, do we want to do a couple stories we've got left here with the last 10 minutes.
Do we want to do Alex Jones?
Do we want to do Michael Avenatti?
Do we want to do Kanye West and Elon Musk?
What story do we want to do?
Yeah, Elon.
Okay, so let's go to that.
Page five.
Okay.
So Elon Musk's response to Kanye West calling him a half-Chinese and generic genetic hybrid.
West, who was banned from Twitter for posting a Nazi symbol last week, branded Musk a genetic hybrid and suggesting that he's a half-Chinese on Instagram on Sunday.
In a bizarre rambling post, the disgraced star also took him as former President Barack Obama referring to an outrageous conspiracy theory that he is a cologne of an Egyptian pharaoh.
I take that as a compliment, Musk replied.
West shared a screenshot of Musk's response and claimed his comments had always been intended to be complimentary.
West posted a defensive tweet on Thursday night, then posted a photo of the topless Musk on a yacht, writing, let's always remember this is as my final tweet.
Musk responded to the image of himself saying, that is fine, but replied, this is not, to West's swastika tweet.
So go ahead, Adams, since you had some thoughts on this.
Well, I mean, we often consider Elon Musk to be a troll, right?
I mean, he's very good at it.
But the way that he was able to take the high ground here with Kanye, I think he said this wasn't a very flattering picture of me, and it kind of motivated me to lose weight.
Yeah.
Right?
Did you see that part?
So it's crazy.
Let's actually go to the source here.
Google young Elon Musk Chinese.
Let's look at the picture, right?
Let's let.
The story speak for itself.
So let's find a good, nice picture of a young Elon Musk and see.
No, not fabricated, where they make him look like Kim Jong-un.
Not a deep fake.
Let's go to a young Elon Musk and see if he actually, in fact, looks Chinese.
Which, you know, I mean, you can.
Spoiler alert.
No, he's not Chinese.
He's a white guy.
I actually tried to sell my mom on this.
Like, no, he looks Chinese.
She's like, what are you talking about?
So the comedian John Mulaney gave it actually a very funny bit about this years ago.
He said that basically when he was young, people said that he kind of looked Chinese.
Are you familiar with this bit?
Mulaney did?
Mulaney.
I might have.
He basically says, when I was young, I had this like silky hair and I had these kind of, by the way, John Mulaney is a complete white guy.
And he says that all the kids in school would make fun of him and call him a China man.
And he basically says, of all the epithets and the racial epithets, that's just the easiest one.
China and man, boom.
And it got to the point here, there's John Mulaney.
He looked, I guess, Asian in this picture.
Right, correct.
Just like Elon.
But he basically said it got to the point where like he said, nobody is meaner than an eighth grade boy because they will tell you like the truth and say the meanest things about you.
And it got to the point where the bullying was so bad that he during a music appreciation class, every time that they hit the gong, everyone in unison would get up and bow towards him.
But it just kind of it just kind of goes to the point where it's like, clearly this is not true.
Clearly, this is absurd.
And to a deeper level, Kanye's saying a lot of absurd, crazy, ridiculous things.
And there's a good percentage of our country that are like, let Kanye talk.
He's right.
He's got some points.
It's like, at what point can we just recognize that he's got some serious mental issues going on right now?
I think the majority of us do.
And it's just crazy.
I think we talked about it.
We might have.
I don't remember if it was you or not, but the fact that obviously he's going through like a mental situation.
And I don't think he has anybody like we do.
Like if I mess up, if I said some messed up stuff like this, you'd be like, yo, Vinny, just off scale.
Like, you need to chill out.
Pat said something.
Tom said something.
He's paying all these people, bro.
And you can say he'll get, yo, his attitude is volatile.
If you say something that he doesn't like, you're fired, bro.
You're done.
He doesn't have a, yo, chill out.
He has all yes, men.
He doesn't have anybody going, yo, relax.
You just lost, what, two billion dollars?
How much more are you going to keep going?
How much more?
Because they're all losing money, bro.
All his people, all his team.
It's a rap.
You know it's bad when Alex Jones is distancing himself from you.
Oh my God.
You are too extreme.
That's when you know it's over.
Alex Jones multiple times told Kanye, well, you're not a Nazi supporter, right?
Right, buddy?
Right?
I love Adolph Him.
You know how I take this Elon Musk response?
I take the Elon Musk response that he's done.
He's just moving on.
He's like, listen, man, stop it.
Done with Kanye.
It's just too much.
It's a little too much.
Let's just move on.
And he sounds like just a basic customer service representative saying what he's supposed to say to just move on and not create.
It's almost like he's trying to help him not react to anything else.
You know, I said something a couple, like not even a couple of weeks ago.
I think I said this a week ago where I said, Kanye, I think it's time for you to take a month off of social media.
Say no to all podcasts, including PBD podcasts.
Just don't do any podcasts for a month.
Just take a break away from everybody and go do some thinking.
Everybody's got to do it.
Pastors do it.
Business owners do it.
Military leaders do it.
You know, parents have to do it sometimes.
You got to get away and decide how you're going to come back from this because this is not a good look.
When you become too addicted to wanting to get attention, you say stuff.
And at this point, it's very disturbing what he's going through.
I just think he needs to take a break from everybody for about a month and surround yourself with a few people you love, you trust that will not tell anybody who are willing to privately call you on your bullshit.
I don't know if it's going to happen or not, but I think Elon Musk is like.
And the beauty with the country is, Pat, and you killed it.
If he stays, the beauty about this country, stay away six months, a year, come back fresh.
I apologize.
Be genuine.
This is America.
Everybody comes back, bro.
Everybody that's just jacked up couldn't come back if they're genuinely sorry.
But he's just, every week is just something.
Every day, it's like something else, something else, something else.
Like, bro, go away for a little while.
I think he is digging the hole deeper and deeper.
Every time you speak, and I fully agree with Pat, but I know you're an odds guy, Pat.
What are the odds that he actually heeds your advice and just says, you know what, right?
You're right, Pat.
Let me take some time off and cool down for a little bit.
I'm putting that at 0%.
There's two different things.
There is accidental, there's intentional decisions we make.
Accidental is somebody in your family dies, you choose to change.
You know, force change is your girl breaks up with you publicly.
It's humiliation.
You have to change.
You lose everything.
You have to change.
Intentional is very hard to do.
Force, all of us do it.
Okay.
All of us do it.
But intentional is the hardest thing to ever do and change because you have to choose to do it.
And I don't know if he's intentionally going to change, but I guarantee you he's going to be forced to change.
And that guarantee of being forced to change will be because something's going to happen to his life.
You're going to either see the kid coming up to him saying, Daddy, you got to stop.
This is too much.
I'm getting issues in school.
You're making life harder.
One of the kids has to say, Dad, I don't want to be spending time with you.
I want to take a break with you.
It's going to drive him insane.
A parent, a parent who loves their kids, and I believe that this guy loves his kids.
I really believe this guy loves his kids fully.
And it's not everybody, but some people, every parent loves their kids.
No, they don't.
There's a lot of people that are deadbeat fathers who step away.
If they really love their kids, why would they be away from the kid for nine years?
So I really think this guy loves his kids.
And I think that the change is going to be one of his kids.
I don't know how old.
How old is the oldest kid that he has?
Northwest, probably 10 years old.
I'll just say nine or ten.
Yeah, I mean, if Tico came up to me saying something at that age, I can't have a serious conversation with both Dylan and Tico.
I really think there's only one person that can get him to do that.
It's his oldest kid.
I don't know if that's going to happen or not.
He's probably going to say, Kim's telling you that.
Your mom told you to say this.
And da-da-da-da-da.
So it's going to be like that.
Anyways, one last question.
Your opinion, Pat.
You know, a lot of people are calling him crazy, bipolar.
All right.
You know, there's a famous phrasing, yeah, he's crazy like a fox.
Yeah.
Just play devil's advocate because I'm sure you're not a fan of what he's doing.
If you could go into the mindset of Kanye West and justify this type of behavior, justify this type of lunacy as a crazy as a fox type of methodology, what would his intentions be?
Let me ask you a question.
Let me ask you a question.
Let me just simplify it for you.
It's very easy for us to sit here and trash this guy or any of these guys.
So what is the most humiliating?
You don't need to say it, but I want you to go there.
Everybody at this table, what's the most humiliating thing that ever happened in your life?
Go there.
You don't need to say it.
I'm not telling you to say it, but just go there.
We all have it.
Did you kind of figure it out?
Got it.
Okay.
Now, imagine if it's on every article, every news, every podcast, every TV channel.
Tell me how you feel about it.
Okay, so actually think about that right there.
That's what this guy's going through.
A freaking Pete Davidson took his wife.
His wife went with him.
Who is Pete Davidson and the League of Kanye for contributing to society and the world?
I mean, Pete Davidson, Kanye is the music he's done, the art he's created, the, you know, not taking anything away from Pete, but there's a difference in talent and value to the world, right?
So in his mind, he's sitting there saying, my girl left me for that.
He's publicly humiliated and he's trying to recover from that embarrassment.
But the approach he's taken is not the approach I would take.
So anyways, I don't, I feel very bad and I don't like it at all.
It makes me feel very uncomfortable and I wish I could talk to the guy, but I don't think he's in a place that he would be willing to talk to anybody and take counsel from anybody.
I don't think he trusts anybody.
And by the way, for the right reasons.
So go talk to your 10-year-old kid and see what your 10-year-old kid tells you because that kid loves you.
It's your blood.
Anyways, so can we do this last story I want to do with Sam Bankman Fried before we wrap it up?
So this story came out.
By the way, this is a real story.
I tweeted this yesterday.
I got one minute on this story.
Sam Bankman-Fried, okay?
This is from Vice.
It's trying to find the guy who did this.
This is not a joke, by the way.
This is not Babylon B. Just so everybody knows.
I posted this yesterday and I posted the link to the article yesterday.
Rob, I'm going to send it to you.
Post the link to the article because this is not the real article.
Article I just sent you from Vice.
This is on Vice.
Okay.
Just go to the link.
Okay.
Go right there to Twitter.
It's right below that tweet that I send out.
Go a little lower, go below that.
You'll see it right there.
Click on that.
Click on that right there.
This is Vice.
Sam Mankren's trying to find the guy who did this.
Okay.
Tom and I were talking about this yesterday.
Tom's like, he sounds like O.J. Simpson.
That's where I was going with this.
The killer's still out there.
Yeah.
I'm going to spend the rest of my life trying to find out who killed him.
He's going to write a book, Pat, called, I didn't do it, but if I did, you know, look at every golf course strip club until I find it.
Either this guy is naive.
He's dumb.
He's oblivious.
He thinks the world is dumb or he's a psychopath, a sociopath.
But he's one of those things.
You decide who this guy is.
I don't know how he did it.
Yesterday, Michael Saylor was talking about this guy.
We're on the podcast together with him.
Shout out to Michael Saylor.
Every time you listen to this guy, your brain gets muscular.
Head gets bigger because all your muscles are working.
But yeah, this guy knows exactly what he did.
This guy knows exactly what he did.
And there's a lot of people that have his back that are trying to protect him because all the leaks of texts and messages and emails and WhatsApps and all that, if that stuff leaks, I guarantee you a lot of political leaders are going to be very, very embarrassed by being tied to a guy like this.
Well, it's $38 million to the DNC and the close-in candidates.
The super close-in candidates, 38 million that is public and is known about.
And so you've got people like Maxine Waters who are out there.
They do not want to be accused of taking money from the mob.
That's a political problem that's as old as the hills.
You take it from a developer, the developer's really dirty, he gets arrested, you run for the hills because, oh, I didn't take that money from my campaign.
That's the game being played here.
Anyways, we got to find out who did this.
Yeah, we got to find the person.
And shout out to his mom for encouraging him to not take personal responsibility.
12 years ago, the article.
Blame is overstated.
Okay, so tomorrow we have a weird podcast.
It could be like an Antonio Brown type of a podcast.
And we're going to go live with the podcast.
We were thinking about pre-recording and then going live the next day, but we're actually going to go live with the podcast tomorrow.
Once it's posted and you find out who it is and what it's about, something tells you many of you guys are going to be interested in the podcast tomorrow.
Stay tuned.
Looking forward to having it with us there.
I think you got something going on.
I got to give a plug for this massive podcast I'm going to be on later today.
I'm going to be on Funny How Vincent O'Shaughness Podcast.
You and I will chop it up at 4 p.m. live on Tom's crazy Dexter.
Tom is 100% Dexter.
Tom, you're the only.
I'm talking about you right off the rip.
The economy is my drunk sandwich.
By the way, let me read this.
Let me give a shout out to Tom very quick.
DL Saint, I really want to know podcast gave $100 today.
And he said, great show, guys.
When will Tom have a show on this platform?
If that's not going to happen, Tom, where can I find you?
LOL.
Keep leading from the front, gentlemen.
Tom will be introducing a podcast here very soon about business, and we cannot find, we cannot wait to launch that and introduce that to you guys.
So, DL Saint, be patient.
It's coming very soon.
Thank you, DL, for the super chat.
23 is going to be a very, very, very, very big good year.
We're excited about it.
Take care about it.
It's a PBD podcast, ladies and gentlemen.
500,000.
We're going to do a live one with everybody at 500,000.
