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PBD Podcast Episode 224. In this episode, Patrick Bet-David is joined by Adam Sosnick, Tom Ellsworth, and Vincent Oshana. They discuss everything from increasing credit card usage due to inflation, FTC, Kevin McCarthy & much more.
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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.
5:48 - Reaction To RECORD Interest Rates On Credit Cards
25:00 - Reaction to a record price increase in Food
34:14 - FTC proposes to ban non-compete clauses
50:43 - Patrick Bet-David On Being An Independent Thinker
59:40 - Rolls Royce having their best year
1:11:39 - Reaction to Kevin McCarty being elected to the house of representatives
1:21:01 - Should Joe Biden run for president?
1:28:43 - What is the chance for Trump winning the next election?
1:36:12 - What can Desantis do to win the next election
Why would you pad on Goliath when we got bed tape?
Value payment, giving values contagious.
This world of entrepreneurs, we get no value to hated.
Addy running, homie, look what I become.
I'm the one.
All right, all right, all right.
Okay, so we're due for a home team podcast today.
We haven't had one for a minute.
I think the last time we did it, it was a year ago, 2022.
Just so you know.
Yes, sir.
It's been a long time.
It's been a while, man.
Very long time.
Anyways, it's good to have Biz Doc, Vincent O'Shaughness, my man, Adam Sauce here, and Malik, aka Rob in the house as well.
We got a lot of topics to cover.
Yesterday's podcast, obviously, with Neil deGrasse Tyson, was great.
Some of the clips are, some people are saying it's not getting the views and all this stuff.
I think one of the clips, this one here was getting 60,000 views per hour.
And we're looking at it a day later on Creative Studios.
It's missing 600,000 views.
Not sure why, but if you look at this clip, it's got 17,000 likes.
Let's see how many comments it's got.
Comments, comments, 27,000 comments it's got.
And on Twitter, on Facebook, on my DMs, email, texts.
It doesn't matter where it is.
I've never gotten this many clips and text messages about an interview outside of Tate, outside of Sammy, outside of Kobe.
I'm going to put it like this has got to be a top 10 more than Kobe?
No, no, not Kobe.
I said outside of Kobe.
It's a top 10.
But the views, for whatever reason, when we look at the clips, it just goes flatline.
And it shows now this morning in the first eight hours, it only got 140 views.
Again, we don't know why.
We're not speculating.
We're just stating facts and data.
And maybe it's algorithm issues on YouTube.
I'm not being paranoid about it.
It's just data.
It's all about it.
Data is data.
And he said you got to pay attention to data on stats guys.
We're a data guy.
I was watching.
When you posted it, Peter hit 14,000 in four minutes.
And I was like, okay, this is going.
It is what it is.
If you haven't watched it, I highly recommend it.
I'm not going to say anything inappropriate.
No, just I'm just going to say it was a great interview.
You guys had a spirited conversation about a certain thing that people may or may not have taken during a certain period of time.
70s, 80s, early 2020s.
It is what it is.
But I think more than anything, we realize that certain companies, certain social media companies don't like certain conversations.
I'm ready to light up a cigar right now on the podcast and just have a cigar and have a conversation with you guys.
But we don't want the sprinklers to come off and get Rob Wet.
Audio problems.
We got a lot of topics to get into.
Here's the topics that we're going to be talking about like Rogan or a cigar like Elon.
Ooh.
Biz Doc, what do you believe?
I told you, Tom's going to be a bad person.
Tom's an animal.
You don't believe me.
Tom's got this.
Tom's going to write a book one day on dating relationship and flirting.
And that thing's going to be a bestseller in Silicon Valley.
He's going to do it.
It's a very, very good.
BizDock turns Love Doc.
Yeah.
That's what he is.
He is a Love Doc.
You're the Love Doc there.
There he is.
Hey, topics.
Microsoft investment into ChatGPT's creator may be the smartest $1 billion ever spent.
We'll talk about that.
Ex-Fed chair Alan Greenspan sees a U.S. recession as most likely outcome.
Most Americans turning to credit cards to cover basic expenses as inflation rages.
Tom's got some feedback on that.
Uh-oh.
Chinese billionaire Jack Ma to relinquish control of Ant Group.
FTC says proposal to ban non-compete clauses could boost pay by $300 billion a year.
A lot of this non-compete is mainly California.
Rolls Royce had a record-breaking year, literally the biggest year ever they had.
We'll talk about what that is.
America's aggressive chip strategy forces China into a corner.
McDonald's former CEO Grease to pay ready $53 million in SEC sediment.
This is the CEO.
Kevin McCarthy, elected Speaker of the House, ending days of Republican chaos and division in Washington.
We'll cover that.
I know, Adam, you got some thoughts on that.
Let's see what else we got.
The secret to Ron DeSantis' success.
Ignore Donald Trump and attack business instead.
It's a Bloomberg story.
We'll cover that.
Photos of videos of chaos in Brazil saying very similar situation with Bolsonaro as it was in D.C. just a couple years ago.
Elon Musk confronts Adam Schiff about his efforts to pressure Twitter to silence critics and journalists.
Federal regulators investigating Musk's Tesla full-serving driving tweet.
I'm sure he's going to be investigated for a lot of different things since he's pushing the envelope.
Biden towards El Paso border sites.
Vinny, I know you got some thoughts on that.
NBC exec regret paying Jimmy Fallon $80 million contract extension as Fox News Greg Gutfield beats tonight's show in ratings.
This is Raider Online story.
We got a campaign to re-educate Jordan Peterson.
Social media created a generation of weakened kids threatening American culture and capitalism.
NYU business school professor says in WSJ Wall Street Journal op-ed and maybe a couple other things here that we have story-wise.
But Tom, let's get right into the economy with the story about credit cards.
So if you want to go to page four, we have a story about credit cards.
Most Americans turning to credit cards to pay expenses as inflation rages.
As inflation continues to erode, purchase in power, more Americans are relying on credit cards to pay basic expenses.
According to the Census Bureau in December, over 35% of households used credit cards or loans to pay for expenses in the past week up 32% in November, 21% from April of 2021.
Interest rates on credit cards are currently at high levels with the average APR setting a new record.
Damn.
Is that true?
19.14% last week.
According to bankrate.com, if people carry debt to cover rising prices, they could end up paying more in the long run as interest charges accrue credit card balances increase by more than 15% year on year in November, the largest increase in over 20 years, according to New York Fed survey.
Tom, what are your thoughts on this?
We've been talking about this on the PBD podcast over the last couple months.
I said as those interest rates go up, that the banks would raise the interest rates on credit cards and raise they did.
And additionally, you've got consumers with wage stagnation are turning to the credit card to pay for things.
And we saw some travel going down.
Certainly people aren't going to be paying to go on Southwest Airlines anytime soon.
And you had electronics had a bummer Christmas.
You saw that?
PlayStations, big screen TVs, and electronics had a bum Christmas.
Why was that?
Well, it's because inflation on core food stuff, and we're also a story in here about the, we're at an all-time high on food costs.
That has forced people to use the only place they could get a raise to cover is artificial, and that's from their credit card.
The other side of this, it's very, very interesting, is that this is directly related to housing.
People are right now, rents are edging up, and the housing prices are not dropping as fast.
So those same consumers are kind of stuck.
They can't make a change in their housing costs.
Like maybe I'll sell my house and lease something for a year, let prices come down.
It's all interrelated here.
The pinch is coming.
And what's even worse is we're seeing layoffs are going to come February, March, April.
We're going to see layoffs pick up.
So you got consumers that are already pinched by inflation using their credit card.
Layoffs are coming.
So everybody that says there's not a recession this year is just not paying attention.
You know, this, it's a hurricane coming ashore, and we could talk more about housing in a little bit, what's going on there.
But this is huge, Pat.
This is, this is, people are being pinched, and we are spinning it in the mainstream media, and we are not talking about the kind of things that need to help the American consumer.
Tom, why don't you go into housing?
So what do you see happening with housing?
What's very interesting right now, what's going on.
So because the interest rates are so high, When you put your house on the market, it's hard to find the buyers and the housing is sitting there longer.
So people are not putting that inventory out there.
If the inventory was out there, the prices would go down because there's more houses out there, buyers who could afford the interest rate, even though it's 6%, 7%, actually, and 8% if your credit's not good.
And so the inventory right now is staying steady.
So prices are flat.
When people say, well, that's great.
Yeah, except if you look at the number of transactions, transactions aren't happening.
Look at the number of new mortgages and number of transactions.
Transactions are down 80% last year, 70% last year, depending on the market.
Transactions are down 70%.
Yeah.
If you take a look at like refi, go look at refis year over year.
I think refis year over year are almost zero.
And if you get at real estate transactions, now Miami may be a little bit better where we are here, but transactions in the housing market, houses aren't selling.
And the homebuilders, you look at Toll Brothers, Lanaire out there.
Here, Rob, I'm sending you a link.
Go to this one.
Go to this website here.
That's the rates.
I want you to go to this website.
It shows the refinance application level index.
The numbers are unbelievable what it is.
Look at that.
Zoom in a little bit.
There they're over year.
86.2% refinancing is down.
Yeah.
By the way, let me just put it to you this way.
For a loan officer, this is what that means.
If you were making $100,000 a month a year ago, you're making $13,800.
And you're probably buying groceries with your credit card.
If you were a loan officer a year ago, making $10,000 a month, you're making $1,380 a month returning your S-Class and you're selling your watches you bought for $15,000 for $4,200.
And you just moved in with your mom.
Yeah, mom and dad are loving that.
This is no joke, by the way.
This is a real number.
That's a scary week over week is 30%.
Yep.
So when people say, what you're hearing in media, housing prices are steady.
Well, yeah, but you can't sell it, right?
The number one thing, and help me out here, Adam.
You know a lot of people in real estate and Sauce Talks Money.
You've got a lot of topics on this.
That when you're accepting an offer for your home, the number one thing you want is certainty of close.
You want to evaluate the buyer.
Is the down payment real or was it loaned by somebody?
And now the mortgage lender is going to freak out and say, wait, wait, wait, we can't do that.
You can't be using borrowed money to make a down payment.
It's certainty of close, right?
It's appraisal.
It's everything that goes through that.
Right now, the certainty of close is low because who can afford the 7% mortgage and what would I do once I sold my house?
And you're seeing it in a transaction.
So as soon as the inventory gets out there, housing prices are going to go down.
What I and you, Pat, you've been saying this too, by the end of this year, and I'm still holding to my third quarter.
In third quarter, Fed will drop rates for the first time, probably early third quarter, 4th of July, maybe.
Fed drops rates for the first time.
A little more inventory comes out.
Housing prices come down and that part of the market moves.
But in the meantime, this and credit cards and the interest rates on the credit cards, consumers are in for a very, very rough ride right now.
And if you're in a marginalized industry, you're probably also looking at layoffs.
There's a recession coming.
And so everybody said, oh, it was a soft landing and all this.
We haven't landed yet.
We haven't landed at all.
We're still in the recession and we're the clicking stage of the roller coaster.
Click, click, drop.
We haven't dropped yet.
Everybody's going to raise their hands and scream.
At the same time, I want to read this to you.
So it says, the U.S.'s chance of dodging a recession are growing given layoffs remain low.
Top Moody economists, okay, he says, this is page three.
He says that maybe we're going to get past this recession and it won't even happen.
The U.S. economy may avoid a recession in 2023.
According to Mark Zandi, the top economist at Moody's Analytics, he pointed to Friday's job report, which showed average hourly earnings rising by lower than expected 0.3% on unemployment rate falling to 3.5% as evidence that companies are not laying off workers.
Zandy added that the wage inflation falling while employment remains high is also a good sign for the U.S. economy as people in jobs are likely to spend more and save less, feeding into the economic growth.
Many companies have put in place short-term thinking, short-term hiring freezes and reduce workers' overall hours in an effort to lower spending.
So that's what he's saying.
And then Greenspan is saying economists Alan Greenspan and William Dudley have both warned that a recession is likely coming this year.
Greenspan, former Federal Reserve Chairman, stated that a recession is the most likely outcome while Dudley, former New York Federal Reserve president, said that U.S. recession is likely due to the Federal Reserve Rate hikes.
Daryl Cronk, chief investment officer for wealth and investment management, agreed at Greenspan's prediction and argued that a recession is the likely outcome due to the combination of tightening money supply and a strong U.S. dollar and falling bank reserves.
However, Cronk disputed Dudley's argument that federal reserve rate hikes are the sole cause of potential recession.
So here's a question for you.
I'm on this page.
I'm with Greenspan.
But this other person is making a point saying, hey, job, it's not as bad as you think it is.
Wages haven't dropped.
Unemployment dropped to 3.5%.
It's not just going to be a soft landing.
We may even skip it.
Who has a better argument?
I think Greasepand does because I think the Moody side, I think when you only look at the job side of it, you don't see the capability of the consumer and you don't see what's happening to consumers' own spending.
The credit cards, he is guessing on.
TBN who from Green, from Moody's?
Moody's.
Moody's is guessing in an analytical way.
I mean, using analytics, I mean, they're making a guess that, oh, well, we've added 223,000 jobs and we got all these hour earnings riding 0.3 of a percent.
How does he even with a straight face look in the camera and say, well, you know, earnings have risen 0.3 of a percent from November when you're talking about 7, 8% annual inflation and we got statistics, what's going on in credit cards.
Credit cards are more expensive than ever.
And the banks are saying, hey, we're looking at balances are big.
Those are hard data points.
So, okay, you kept your job.
Jobs are flat and everything, but inflation is still up.
And how are you making up the difference?
And we just talked about what's happening to the entire mortgage and home buying industry.
You know, I don't know.
I think if you just look at macro jobs, I don't think so.
Whereas the Fed looks at the data points of the sectors and consumer spending and things.
So I tend to be on the page of Alan, and I tend to look at like the hard data.
Consumers right now are not having an easy time of it.
Hard data.
We didn't have a crazy TV Christmas.
We didn't have a big electronics Christmas.
We had a very soft Christmas at Best Buy.
What does that say?
That's hard data.
So I'm kind of, I hope it's not here, Pat, but I'm fearful that this is a recession coming and we're going to have layoffs with it.
And then the whole thing starts turning around when we get down to that 2% inflation.
And then, you know, Adam, what are your thoughts?
Jay Powell comes back.
way when do you see two percent inflation being a realistic number uh jay powell says when he can see it in the future that's when he moves it so i i kind of think he'll be able at mid-year he's gonna be looking toward the end of the year and says you know what i can see two percent inflation from here you know it's funny uh you know what was the word of the year for 2022 it was like gas lighting or i'm shocked that the word of the year was not transitory How many times did we hear that word?
What's transitory?
Inflation, transitory.
Janet Yellen, Jay Powell, everybody transitory.
It's transitory.
I mean, trans was like probably the word of the year in 2022.
That's a whole other topic.
Yeah, they're killing that game.
But by the way, shout out to Alan Greenspan.
How old do you think Alan Greenspan is at this point for Jimmy?
He's 96, about to be 97 this quarter, March, doing his thing.
But here's what I'll say, because we started off this conference.
So he's seen a few cycles.
He's, you know.
He knows what he's doing.
He's seen some transitory stuff.
Here's what I'll say about, because we initiated this conversation about the credit cards.
What a difference a year makes.
Even when the beginning of COVID, when everybody was on lockdown, you saw the savings rates were going up.
Credit card debt was going down.
People weren't traveling.
People weren't spending.
All of a sudden, people had to be fiscally conservative.
This is crazy.
Right?
You're getting your, whether you're getting stimulus checks or unemployment checks, people actually had to be like, holy crap, what is happening right now?
Let me get ready for this, have a budget in my life.
So people started implementing that.
And then after, you know, a year or so of lockdown, you know, fighting on planes, people going nuts, travel came back, airlines came back, airline stocks came back, travel, cruise lines, everything, people started returning to normal.
And what is returning to normal in America?
Taking on more debt, baby.
Living paycheck to paycheck, baby.
That's normal here in America.
So I am not shocked that these numbers that came back from credit cards, these ridiculous numbers, what is the season that people start spending the most money?
Q4.
This is the holiday season.
Between Thanksgiving, you got, what is it, Black Friday, you got Cyber Monday, then you got Christmas season.
It's New Year's.
You're spending, spending, spending, spending.
Like if I'm that, this is, this is, this might be alarming.
If I'm that person that's living paycheck to paycheck and but really wants to get their significant other or family members toys, not this year, baby.
And and and what you have to understand is when it comes to your money, it's not a month-by-month thing.
It's not even a, it's, it's, you have to look at it year over year over year because you might have had a situation in 2020 where you were able to actually to save some money and pay down some debt.
But in 2021, there it was again, back to your normal.
That's the return to normal that most Americans don't really fully understand is that you're going back to credit cards.
So these numbers are horrible.
Like for someone that me that like me that considers themselves a personal finance expert, that's my thing.
Tom, you're more macroeconomics.
You understand the big picture.
I like helping people that make 50 grand a year, 100 grand a year, 200 grand a year.
How can you maximize the most out of your money?
And when I see stats like this, it's like, of course you're back to paycheck to paycheck because did you really need to spend three grand during the holiday seasons?
And then here's what's going to happen now over the next six months, prediction time.
Tax season's coming up.
Okay.
What are you going to do with your refund?
You, I'm asking you, if you get a $5,000 refund, does that go into your Roth IRA?
Are you going to max out your 401k?
Or is it summer season coming around?
Hot girl summer, white boy summer.
Now we're going on vacation.
Now we're going to St. Bart's.
Now we're going to Mikonos.
Now we're traveling.
These situations that you do with three, four, five, six, $10,000, what you decide to do with that type of money will literally change your life.
But you have to do it year over year over year over year.
But most Americans are living paycheck to paycheck, thinking month to month.
They don't have that long-term vision to save that money.
It's a good point.
I take you back to your own man on the street interview with a young lady that was down in South Florida using $6,000 or $6,000.
$6,000.
Remember that?
You talked to her?
Remember that.
If you stand there with a Go Cup drinking in front of you, and you're asking, what are you doing here?
Are you saving him?
No, no, we just came down here to party, man.
We get some free government money.
Habits don't change.
But the part that's concerning is where it says setting a new record of 19.14% last week.
That's a new record, meaning we've never done that before.
Okay.
You have a good point that's coming off the holiday season, which people are spending.
This is my concern.
My concern is, you know, when you're at the end of a relationship where you guys are dating and you're kind of like you're just waiting for the other person to break up, or it's like you're in too deep.
You know it ain't going to go anywhere, but you're comfortable.
You got somebody to hang out with Friday night, Saturday, whatever.
But you know, this shit's not going anywhere.
I don't know if you've been there before.
I've been there before a couple of years.
We've all been there.
So when you're in it, you're dragging and you're delaying a time bomb that's going to happen instead of making a decision.
We are delaying a time bomb because people are gradually running out of money.
All this means with the economy not having hit rock bottom yet, it just means people still have some savings they're sitting on and they're waiting before they put their house on the market because they don't have to.
They're waiting before they sell that watch because they don't yet have to.
By the way, did you see the article I sent you about watches?
Did you see the one I sent you about Morgan Stanley Dean Witter?
What it said?
If you don't have it, just pull it up.
Maybe I didn't send it to you.
No, I didn't send it to you.
Actually, go online and type this up.
Type out the title is Prices for Rolex.
Just type in prices for Rolex and then go to news.
Go to click on news and it should pop up right away.
First word should be Morgan Stanley.
Okay, then type in Morgan Stanley in it as well.
Go back and type in Morgan Stanley and look what it says.
Just go up and type in, yeah, Morgan Stanley.
There you go.
It should come up.
It's so interesting.
I have it right in front of me and it's not popping up.
You're doing all the right things.
Rob, I want to text it to you.
Just pull this up, okay?
Because for the longest time, when I would talk to my watch dealers, different guys, they would say, oh, watch prices haven't gone down yet.
Is there a third one?
Watch prices haven't gone down.
No, it's the one I just texted to you.
Okay.
By the way, you know how Biddy always likes to say things like, you know, you've made it when you're talking to your watch dealers.
I'm talking to my watch dealers.
Not watch dealer.
It's plural.
Of course.
Dealer.
Competition.
Exactly.
No, no, you have to look at what's going on.
How pathetic is it that you're writing all of it at and it's not pulling it up?
That's so weird.
Just use the link I give you.
That's so weird.
What's up?
That's in Saman, Malik.
No, no, it's not on him.
No, it's not him.
Everything he did, it's so weird how it didn't pull it up with the Google algorithm.
Anyways, there's this article that comes out and it talks about the following thing.
It's a story about Morgan Stanley prices for Rolex, Patek Philippe, and Aldemir Pejet.
Watches are APs, will keep plunging due to a flood of supply.
But these three real assets are still scarce and coveted.
And this story is talking about how instead of worrying about that, you should buy farmland, you should buy real estate.
It's pretty much an informer shell saying what you should buy and what you shouldn't buy and wine.
And it's talking about how a lot of people right now are investing into art and how art has outperformed SP by 130 something percent the last decade.
Art has.
Art.
No question about it.
There's a place in Sweden that is housing $100 billion worth of art.
It's pretty ridiculous.
If you see the building, what it looks like, $100 billion of art being held in one place.
But if you look at this, read the article all the way at the top again, if you can go all the way to the top.
Look what it says.
It says, Morgan Stanley, prices for Rolex, Patek Philippe, and AP watches will keep plunging due to a flood of supply, right?
Wow.
That in about six months is going to be replaced.
Home prices and real estate and commercial real estate is plunging due to flood of supply.
Bingo.
First people sell their luxuries, then they sell their assets.
Wow.
This comes first.
So we're delaying a time bomb, okay?
The first thing you do is, oh, babe, what are we going to do?
Babe, sell that watch.
Babe, sell that card.
Sell that motorcycle.
Let's sell that diamond.
Sell this.
And then start working.
Sell your purses, baby.
Those four Chanel purses of yours.
Sell this.
Sell that wants.
All the wants.
And then all of a sudden.
Send the needle.
Babe, guess what?
We got to sell the house.
Sell the needle.
This is a delayed time bomb.
The breakup is coming with the house.
It's just a matter of time.
Again, my prediction, okay?
The real estate people love it when I talk like this to them.
They get upset and I get friendly emails being sent to me.
I'm just telling you, this comes first.
Then comes the real assets.
This is not fake.
This is real.
It's painful.
By the way, watch the prices with food.
Okay.
Here's the prices with food.
World food prices hit record high in 2022.
This is a Reuters story.
Okay.
World food prices hit record high in 2020.
I'm going to go to you here because I know you eat healthy food.
So the Food and Agriculture Organization, FAO, and the United Nations has reported that its food price index, which tracks the international prices of the most globally traded food commodities, has reached the highest level on record, averaging 143.7 points in 2022, up 14.3% from 2021.
The index has already gained 28% in 2021 due to economic recovery from the impact of COVID-19 pandemic.
The increase in food prices was largely driven by the invasion of Ukraine by Russia in February 2022.
This is, again, Reuters has to add that part to it.
Pooh and price.
The PUN price hike.
Yeah, and it says, wow food prices have since partially recovered.
The FAO cereal, meat, dairy, and vegetable oil sub-indexes all reached record highs in 2022, while the sugar sub-index reached a 10-year high.
So you like to buy healthy food.
Are you noticing anything?
Pat, besides, I buy the online grass-fed, grass-finished, because, you know, meat.
If you see a steak in the supermarket, it's like this.
When you buy the natural one, it's half the size because they're feeding it only grass, not grain.
No steroids.
No steroids at all.
That company, I'm paying almost 30% more.
And I know the lady that owns it.
I'm like, she's like, this is, it is what it is.
So she's, so you know, she's telling her.
100%, I know her.
Yeah.
She's like, I literally can't.
When she tells you that, do you believe it?
I 100% believe her because I know her.
And then I'm at Publix.
I'm at the supermarket here.
And I go buy the eggs.
And the good ones.
And this is a public.
This isn't at like Whole Foods or whatever.
Almost seven something for $8.
I was like, what?
I'm going to just open like a chicken coop in my apartment and just have fun laying eggs.
I mean, my neighbors have dogs.
I'm going to get, dude, it's in, and I eat like four eggs a day.
It's $7.
It's going like that.
And I eat yogurt.
I'm not, I eat organic yogurt, but it's getting to the point where I'm like, holy shit, I have to eat half of what I'm eating.
And I'm getting hungry because I eat a lot.
And it's, I'm seeing it, bro.
I'm still.
Just for the sake of it, I have a restaurant recommendation high-end for people that want to take their date on.
Can you show this restaurant that's somewhere expensive?
If you're trying to impress a girl, that's where you want to take her.
Oh, my God.
Take her right there and say, look at the wealth.
My God, honey, we made it.
I will say this.
We're loaded with eggs.
That's actually a great idea.
I will say this.
That's hilarious.
Most people take their girl on a date.
We'll go to a nice steak dinner.
But if you take your girl on a date, what are you spending at a nice dinner?
Right.
Ice dinner.
Eggs today.
Eggs.
Don't order everything.
Adam, a real good one?
$300.
Yeah, a couple hundred bucks.
Easy.
You know what might be a bigger turn on for your girl?
Whatever you want at Publix, baby.
Get in there.
Get it.
Get anything you want.
Don't you stop.
This is not an advice Adam has given.
This is Adam's playbook.
Yeah, yeah.
We're going to Publix.
Whatever you want to do.
That's like talking dirty.
She's like, I want to know.
You're like, you know what?
You're going to get more eggs.
She's like, what?
Oh, you're going to throw some spits.
We're rolling, baby.
We're rolling.
But for 300 bucks, you're falling out at the now.
She's cooking for some.
Oh, man.
That's the playback.
By the way, these memes, these memes, can we stay on this?
Can you pull up the other one?
Don't forget what you're going to say, Tom.
Pull up the other meme I sent you.
Look at these memes.
600 BC, gold.
1900.
Money, Pablo's money.
Today, eggs.
It's insane.
It's insane.
So, what were we going to say, Tom?
It's no, no.
What I was going to ask you is: what are you doing about it, Vinny?
I mean, what are you doing?
How are you solving the economy, Vinny, as a comedian?
What is your role here to make sure that inflation and CPI comes down?
There's a lot of people like you out there trying to eat healthy and try to figure it out.
What do you suggest in the middle of this?
Well, my suggestion is: yeah, well, I'm literally cutting the food in half, which is I'm being dead serious.
Are you joking?
I'm being dead serious.
You're not cutting.
I'm saying I'm eating less of the good shit, and now I'm being forced to buy the non-organic shit.
But I'm literally trying to find the one that's the least unhealthy.
I'm still not doing the sugar shit.
I'm not doing all that.
But, bro, it's getting to the point where it's now like, because mind you, I have obligations in my life that I take care of some people and I do some things, but it's like, I'm getting to the point where I'm even telling people, like, I send money to once in a while.
I can't do it anymore.
I can't.
Like, you want to borrow money?
It's over because the egg situation is getting ridiculous.
So, why don't we invest in a freaking building that you?
What do you think those 600 chickens in the back are?
That's exactly right.
You think they just found, made it here?
Is that what that is?
17 parking spaces I replace.
Let me tell you.
Every morning you hear them.
The goose that laid the golden egg was a fairy tale.
Our 600 chickens is real, baby.
Yeah.
But if you do actually want to be solution-oriented, actually, unfortunately, the thing that you genuinely have to cut out of your life is your FB budget as far as going out to restaurants, bars, nightclubs, that kind of stuff.
Takeout, DoorDash, Uber Eats.
That's the stuff that's weighing you down.
Yes, maybe you usually spend $100 at the grocery store.
Now it's $1.20.
I get it.
That $20 is not going to change your life.
So, yes, eggs are going to be a little bit more expensive.
Yes, you're going to spend a little bit more at your local supermarket, but that's still a way better option than the alternative, which is eating out at restaurants.
So, unfortunately, a lot of restaurants, if this economy does continue in this direction where we're seeing this recession, who's really going to take the hurt are these small businesses, these restaurants, these employees at these restaurants continue to shop.
Who have spent 18 months trying to get back on their feet after the government told them to do that?
And then, think about it, and this perfect example.
And you said it trickles down.
So, now that the money's like this and the food, dating and everything is getting ridiculous because, A, I'm not taking them out.
I'm not, I can't.
I'm sorry.
We'll just go home and chill.
She's going to go home and chill.
Netflix and chills.
Bring her home and make her dinner past.
You know, like my mom could cook.
I could, yo, I'm not a chef, like my brother, my mom, but I know how to cook.
Bro, it's ridiculous.
Let me tell you, I have an idea for you.
Matter of fact, if Tinder and Bumble is listening to this, do you know how you go on Yelp?
Yeah.
I don't even know.
Go ahead.
You know how you go on the Yelp app and you get to choose restaurants based on $1 sign, $2 signs, $3 or $4?
Tinder and Bumble has to put what a girl puts.
Listen, I only cheating.
I'm good with Denny's.
I'm good with Fridays.
It'll be eggs.
How many eggs?
How many eggs?
He's a five-year guy.
I don't know.
By the way, that would be the funniest thing if they did for one day on April 4th.
I'm a cheap day.
For girls like, I got low standards.
One drink gets me drunk.
I'm going home with you.
One glass of wine.
You're my kind of girl.
Huh, hold on.
You're a five-egg kind of girl.
Yeah.
You're egg meat drinks.
You know, like, oh, rotten tomatoes does an egg meat.
By the way, I have a bone to pick with you.
Well, I have a straight-up bone to pick with you.
This is part of the economy.
You, my friend, you were supposed to bring us some liver.
Pat, hey, hold on.
Bro, the guy's barely eating.
I'm about to eat Tom's liver live.
I know.
This is my bone to pick.
You promised us liver.
The liver king was here.
He had no shirt on.
Nipples hard, smelled horrible.
Boom.
You're like, I got the liver, but nipples.
Now the economy.
Just, you know, this little iPod.
Little food for thought.
But the liver is not that expensive, even though the organic one.
Okay, next home tea podcast.
I'm going to bring you.
But this is why I have a bone to pick with you.
Because you're a man of your word.
I'm done with my workout.
And let me tell you what I can smell from a mile away.
I've been gifted with a massive nose.
The liver king.
I have this gift.
You like the Middle Eastern nose.
I smell.
I smell what's cooking out.
I smell right across the street.
They just put the chicken on the.
I mean, I smell it.
And you smell what PVD is.
Listen.
I'm in the gym working out and I start smelling liver.
Swear to God.
Oh, my God.
I'm telling you.
And I come in.
Melva has put, she does this once a month, which she surprises me.
Liver is sitting right there, and I like it raw cooked a little bit.
30 seconds, 20 seconds.
And I eat this liver as if I haven't had a meal for years.
Okay.
I mean, there's nothing.
I don't know what else.
This is not liver and onions.
This is just raw liver.
We know there's no onions involved.
No, no, no.
We know there's no onions.
You know, I know that your nose is good.
Like, he met me.
We've hung out maybe twice.
I walked into the building and my cologne is very like this.
You know, it's me.
Pat goes, Vinny's here.
And I was all, I was like.
But you have a very good scent.
I don't play around with it.
No, no, you're good.
And I can't tell you guys, but if you want to, message me on Instagram.
So, by the way, so a girl has to choose.
Would I rather have a guy that smells good, but the food we're going to eat is going to be cheaper?
Or would I have a guy that has to put so much cologne because he smells so horrible, but he cooks well?
I'm choosing number one.
None, huh?
So you're going to win 10 out of 10 times.
Anyways, okay, let's go to non-competes.
We need some non-competes, right?
So FTC proposal to ban non-compete clauses.
Here we go.
I love it when this starts this way.
So FTC says proposal to ban non-compete clauses could boost pay by $300 billion a year.
Now, let's see who's saying this.
Could boost $300 billion per year.
Okay.
So your FTC has proposed a rule that would ban a non-compete clause in the United States.
The rule would prevent employers from imposing clauses and contracts that prohibit employees from joining a competitor after leaving a company, typically for a set of period of time.
Proponents of the rule argue that non-compete agreements contribute to wage stagnation by limiting the ability of workers to switch jobs to secure higher pay.
Opponents argue that non-compete clauses facilitate retention and encourage companies to invest in training and promote employees, especially in a tight labor market.
The FTC estimates that this could boost wages by nearly $300 billion annually and expand career opportunities for approximately 30 million Americans.
By the way, they have no clue if that does or not.
The last part is purely propaganda saying they estimate that the rule could boost, could boost $300 billion annually and expand career opportunities for approximately 30 million Americans.
Tom, we know a lot about non-competes.
You've been in the business space for a long time.
You know what this means.
You know which state is the worst non-compete state, which is the state of California, right?
What are your thoughts on this non-compete proposal that they're given?
Well, first of all, when a government agency uses the phrase 30 million Americans, it's so funny.
You should just Google that and go back.
Because remember, Obama said, we have to do this for healthcare for the 30 million Americans who need coverage.
Remember that?
It's always 30 million Americans needing coverage.
Where are these 30 million people they're talking about?
I'd like to know where they are.
Maybe they're talking about California because it's exactly 30 million people.
Exactly, California.
It's all those, you know, it's all those fake statistics.
Like when you hear that, you know, every 16 seconds a woman somewhere in the world is having a baby.
And I'm like, well, then that's the girl.
You got to stop.
Sounds hilarious.
You just got to find her.
But whenever I see this stuff, think about it.
But let's talk about non-competes.
This is just a headline, and this is being put out by the government because let me tell you how non-competes really work.
I work for you, whoever's listening here, and you don't want me, you want me to have a non-compete.
So you say that if I leave, you know, that for two years, I can't recruit anybody.
Well, that's disruption.
I can't do that.
And for two years, I can't tortuously interfere with any of your contracts, like steal your customers.
Okay, well, that's already on the books.
But this, if you want to keep somebody in non-compete, you have to pay them a little bit.
We've seen this.
We see it in the financial services sector.
You know, I'm going to give you half your salary for one year and one year.
And then when that expires, you can go do something else.
That's what a non-compete is.
You know what they call it in the UK?
It's called gardening leave.
Well, he's on gardening leave and it's built in to your contract that says if you're going to leave, they will pay you one year of your salary to be on gardening leave.
Now, what that means is for one year, your brain is not being paid by a competitor.
So it makes a gap between the time you leave to the time that your brain is working for somebody else.
That's how non-competes work.
Somebody in government seems to think that the non-competes prevent somebody from getting a higher paying job.
No, it doesn't.
I've had people tell me, you've had people tell you, what are you doing?
I'm just waiting out a year and I'm taking this other job and I'm doing this.
I got a really good job.
It's a good opportunity.
And I'm waiting a year and I'm taking it.
This is a nothing burger.
You know, non-competes are built to protect the company, but you can't handcuff somebody from making a living in the United States.
With a non-compete, there has to be consideration.
And Pat, you and I have dealt with a lot of lawyers that say, well, what consideration are you willing to pay him for six months so that he sits it out, he or she, before they take the next job?
You know, for me, I'll give it to you from a couple of different perspectives.
First of all, I don't think non-competes have any weight today, anyways.
Like, you know how sign an NDA.
Okay, when's the last time an NDA carried any weight?
You know how many NDAs I've had sign and people have, you know, flipped on the NDA.
NCAs have some weight.
They still carry some weight in certain states, but not the NCAT.
As an NCAA.
Non-compete as an NCA.
It's a non-compete agreement.
So a non-compete carries some weight, but not an NDA.
Here's a challenge.
So the thing the market has to realize is the following.
Here's what the market has to realize.
You know how sometimes you go and you negotiate for something, and then when you get it and you get in the car and you're like, oh shit, I got what I wanted.
Why did I get what I wanted?
What are the consequences of what I got?
Could they, man, he just sat there and he said yes to it?
Holy moly.
What is he going to do about this?
Okay, cool.
Let's process this together.
Hey, Mr. Employer, if you don't give me a raise, I'm going to go to this other company and they're allowing me to work from home and they're paying me $40,000 more with a $20,000 signing bonus.
But I'm telling you, if you give me a $20,000 signing bonus, $40,000 raise and allow me to work from home, I won't go anywhere.
I'll still loyal to you.
Many employers experienced that in 2021.
What happened today?
You know what's the first thing Bob Iger said yesterday?
Go to Bob Iger and put four-day work week.
Type in Bob Iger four-day workweek.
Okay.
Bob Iger yesterday, right there, just the top article, right, to click on that.
Bob Iger said, yeah, Bob Iger just yesterday said, zoom in a little bit.
Bob Iger yesterday said, everybody's got to return to work four days a week from the start of March.
This is Disney.
Woke, all of that stuff.
It doesn't work working from home, period.
No, you're not more productive with a fridge there and the TV there and the video game there.
Stop trying to convince people.
And all these HuffPo writers and all these journalists who all they do is write and do what they do.
None of them actually know what when they talk about how it's beneficial to work from home.
No, it's not.
I can tell you right now, it's not beneficial for me to work from home.
And I'm a pretty disciplined guy.
Yesterday, I'm trying to shoot a video from my office.
I'm not even kidding with you.
I turn off the light so everybody knows.
And I have a big house I can hide from everybody.
And I still can't hide.
First, Jimbo comes by the window.
He knows.
You know how long Jimbo will bark until I open the door?
10 minutes.
So people on the Zoom are hearing Jimbo bark.
So then I go tell Jimbo be quiet.
It works for five minutes.
Five minutes later.
Then Tico comes, hey, dad, I have a corn video I want to show you.
So I have to watch his corn video with 27 minutes with this kid that made a corn video on two songs.
Then I tell Tico that's funny.
Then he leaves.
Senna comes, hey, can I get in your lap?
Hi, Vinny.
Hi, Vinny.
When are we going to make another video?
Then I'm like, Senna, can you please leave?
Then Jen comes back.
Hey, babe, did you call me?
Babe, I'm trying to shoot a video.
What would you like to eat?
Then she leaves.
Then my dad comes back.
So then he comes back.
Hey, Kim, honestly, you know what I'm going to do?
I'm going to call Tecran right now.
You know what time I what time was our pump?
What time was our prep for the podcast?
6:30.
6:30.
What time was our prep for?
Dude, you realize I'm doing this video.
I'm calling Tekkrun right now.
So Tikran knows, okay?
That's so literally called Tico.
Teek.
You're on the podcast.
Tek, Tico.
Last night, you and I, Karina comes and says, let's schedule a one-hour to do the video, right?
Which I knew that was not going to work out.
So when you and I did that, we did the podcast prep, you and I got on at 6:30.
Tico, what time did you and I finish with everything last night?
My time, not your time.
Your time, it was 10:30, 10:45.
This is supposed to be one hour because I'm sitting there.
Everyone's interrupting.
By the way, if you don't know Tekker and he's one of the most incredible, special, greatest men in the world, loved by everybody.
Love you, TikTok.
We love you, TikTok.
Shout out in the game.
We love you, Tico.
Hey, give your president and wife a high-phone.
Take care.
Bye-bye, bye-bye.
That's a high-value woman.
Come in faster and go live.
No, here's what I'm trying to tell you.
Don't tell me you are more focused at your house.
And by the way, to the fools who bought it, to the fools who were executives who bought this bullshit that was sold to them.
It's like a six-year-old kid selling mommy and daddy who are 40 years old.
Why it's okay for the six-year-old boy to be in a room with a six-year-old girl and close the door, nothing's going to happen.
Exactly.
What the hell did we do when we were that age?
Yeah, we do.
So now for these people to say, well, not compete, it's because it's going to increase the economy by $300 billion.
You know what the employer says?
All right, cool.
I already know visually what meetings are coming up.
You know what the meeting is?
I'm going to give you the visual.
Tell me if you believe this or not.
Here we go with the visual.
Hey, Patrick, you know, I love working with you.
I love what you stand for.
By the way, I'm giving the script for other people who want to use it against me next year.
So they know that to do it.
Take notes, everybody.
It's been great.
But I'm going to tell you, you know, I think I've earned the right to get a 50% raise.
And if you don't give it to me, I'm going directly to the competitor because they've offered me three jobs to go to the direct competitor.
And they feel the intel that I've learned from being here, all the strategies of how we come up with clips and how we cut them and how we do this and how we get sponsorship, all our contacts.
I'm going to take it over to the competitor.
But if you pay me this, I will never betray you.
Never.
Because I'm a loyal type of a guy.
Why are you laughing?
That script.
Robo's going to use the script.
Because they lay it all out and then they go, by the way, I'm loyal.
And I'll stay around.
You just got to pay me twice as much.
But tell me how that doesn't sound realistic, though.
Think about it.
You guys are laughing.
I'm telling you, I'm on the other side.
I sit in front of some of these people and they use these scripts and I'm like, did you just tell me and you made a threat and then you told me you're loyalty?
I'm loyal.
Yeah.
So here's the point, guys.
Go ahead and do it.
Go for it.
You know what all this means?
For those who want the CEO and the executive to fully work on them and lock on to them and, hey, I'm going to be the next person.
That CEO and that guy is sitting there saying, I'm looking for guys.
I had an interview the other day for I spoke to a very powerful person in America the other day.
Okay.
And we're having this conversation.
And the conversation came about this one person, another very, very powerful person in the world.
And he says, let me tell you about this one person.
Everybody knows who, you know, you know who this person is.
I'm just not saying the name.
And don't say anything.
I don't know.
No, no, Adam.
Yeah.
So I'm talking to this person and the conversation goes about, well, listen, Patrick, obviously we've been following your work for years.
He says, how important is loyalty to you?
I said, very.
He says, tell me the names of people that you trust, trust, trust, that you know you can talk openly.
And I gave nine names.
Business.
Me and Adam and Pat.
Oh, for sure.
But nine names I gave, right?
And I give these nine names and first name status.
I'm giving these nine names.
And he says, okay, so you understand the bigger you get, how much harder it is to trust people because of how many people backstab you.
Yes.
That guy's been backstabbed so many times that the bigger you get, it's harder to trust more people.
And I totally agree with them.
Now, here's the benefit.
If a guy like that or me or somebody that's going to be growing businesses for many, many years takes a liking to you and starts working with you, there's a very high likely chance you're going to win.
That's the factor, that's the X factor.
When there is somebody behind closed doors, like, you know, for me, I'm not getting spiritual on you, but I'm convinced a lot of the things that happen to me, I'm convinced.
I've read a book called David and Goliath.
It says people who are close, who had a close call of dying, they feel they have a certain, you know, not connection, like you have certain favor, like you think you're supposed to do, you're destined, right?
It's a very interesting way he explains it.
But I think God's on my side and I think God's on our side.
And I think what we're doing is a necessary message that we have.
And I think miracles happen, right?
There's a very unique confidence that you have when you walk around known.
Somebody like that's got your back.
You just walk different.
You talk different.
You process different.
You do things in a different way when you know someone has it.
Kids have that when they know who their dad is.
You know, players do that when they have a coach.
A coach does that when the owner is behind.
There is a certain feeling.
Now you want to take this approach.
All you're doing is for the employees that are going to think about using this against the employer.
Good luck to you.
Good luck to what happens.
And go in the marketplace and see if that strategy is going to work out.
By the way, again, all this does, the stupidity of things like this, it creates a division between Between the employer and the employee.
As if we don't already have enough division, let's add some more division between employer and employees and act like we're on the employee side.
Keep doing that and see what happens.
And you can only do this once, by the way.
Yeah.
You can only do that once.
You know, if you pull this trick off and you get a little bit of money, they know you're not loyal.
You're probably not going to get a next promotion at the place you just extorted the raise from.
And if you left anyway, you know, if you really did that with a new employer, if someone came to me, if I was a weak, let's say I was a weak-minded, kind of a low ethics competitor, and I'm welcoming a salesperson to bring in all these contacts that came from the other company or something or information they really shouldn't have brought in my door.
Do I trust him?
No, because I can set my watch, mean someday he's going to do that to me for his next job.
So it doesn't work this way.
You're absolutely right, Pat.
It doesn't work.
You get marked.
You pull it off once.
You're still a marked person.
Because you respect honesty.
Like, you'd rather have somebody walk in, not with all this gimmick bullshit and just be like, Pat.
Like, even, and even if they got emotional, like, Pat, I need this raise.
Eggs are $9 per a dozen.
And I have a date coming over.
She wants an omelette.
She wants an omelette.
That would actually work.
That would work.
Pat.
You'd respect that guy.
You know what, Vinny?
I want to cook for you.
You come in the back.
She's a dog on the bottom.
I'll serve you.
What would you like?
Pick a bottle.
I'll bring you dozens of eggs.
Just take it home with me.
Pat, I love you.
I was going to do this whole gimmick bullshit about staying home bullshit.
By the way, here's a skid.
Do a skid and say, hey, girl, I'm going to take you to a place tonight.
We're going to go to a nice, you should make a video.
Literally, academic comedy.
And you take her and you show dozens of eggs.
Dozens of eggs.
Oh, dude.
She says, oh my God, this guy's loaded.
And she calls a girlfriend.
You will not believe.
We're having dinner.
I look at the back by the kitchen.
What?
He had 10 dozen extra shit.
Shut up.
Wait, wait.
Hold on.
Organic.
Holy shit.
Make marriage.
That's hilarious.
Can we finish this?
Hey, go back to the Iger thing.
That's so funny.
Because it's all come home to Ruse.
Tim Armstrong, who was CEO of All Verizon Media.
If I had one piece of, by the way, think about this.
This is 18 months later, Pat.
Remember, work from home, help the workers.
They're going to give you the same thing.
They're going to be doing all this stuff, right?
Tim Armstrong.
If I have one piece of advice for you, young people in your 30s, go back to work.
Get in the office.
You can't build meaningful constructive relationships with your counterparts through Zoom.
As a result, you're going to miss out on personal development and promotion opportunities.
They come to the office when they want a raise.
They come to the office when they want a promotion.
Then I ask them, how have you engaged with your coworkers?
How have you developed?
No answer.
Now, let's go back down here.
Third paragraph for Iger, because it's all coming back.
Bob Iger, as you've heard me say many times, creativity is the heart and soul of who we are and what we do at Disney.
And in a creative business like ours, nothing can replace the ability to connect, observe, and create with peers that comes from physically being together, nor the opportunity to grow professionally by learning from leaders and mentors.
18 months later, Pat, remember, there was a war on business and a war on, hey, let them work from home.
It won't hurt your productivity.
It's complete BS.
It's all coming back.
By the way, you know what's crazy is I'm extremely skeptical, paranoid.
When I mean like in business, that's kind of like the military.
Not necessarily, but I mean very, but you're joking.
That's Tom's sarcasm.
But when you have the life I've lived and you're kind of in the situations I've been, you're kind of sitting there saying, what's going on over here?
In the middle of COVID, you're listening to everybody and there's one side on your shoulder.
You got the one guy and the other guy.
One guy's like, you got to take the shot.
You're an idiot if you don't.
Another guy's saying, dude, we don't know what we're doing, right?
In the middle of COVID, when they say, well, you got to let everybody work from home.
That's unfair.
Why are you being such an old school?
You sound like an 80-year-old CEO from the 60s.
Let people work from home.
These millennials, you need to learn from them.
Liberate them.
Yeah.
And the other side is like, no, no.
Don't buy into it.
You're saying, you're being too tough on your kids.
Your kids are too tough on these guys.
And the other side, no shit, look at the life.
They got an easy life.
Hey, you're being unfair with the standards you're creating.
Loosen up a little bit.
No, that's what great leaders do.
This too, the hardest part is when you're in the thick of things, when everybody's telling you to go work from home.
And I'm on board calls.
And on these board calls, well, Patrick, maybe you're not being fair.
Maybe you ought to consider what these younger people are asking for.
Hey, maybe you're not being responsible enough.
You should send somebody to everybody's office and offer free vaccine to everybody.
That's a board call I had.
Tom, you were on that call.
Maybe you should send them.
Hey, maybe you're these in these moments when you're sitting there and you're making a decision and you walk away.
You could be wrong.
It's in those moments that the trust in you goes higher where you have to trust yourself.
This doesn't mean you're going to be 100% right all the time.
But some of this is common sense.
Of course.
And it's so hard to lean on common sense while 90% of people who have fancy degrees who are more educated than you are selling you a story that when you're by yourself, you're saying, maybe that guy's smarter than me.
Maybe they're right.
Maybe that it's in those moments that you realize how strong.
Can you do me a favor?
What was the tone of the voice of the board call?
How did you say that?
That wasn't me speaking.
No, hold on.
Because this person is shaking my head.
First of all, if I do the voice, I'm not going to do the voice because people will know who.
Are they from California?
I'm not going to tell you.
Don't tell me.
Just from the tone, that's a California.
Only two places, California or New York.
Okay, that's a Cali voice.
But the point is, and by the way, the people who said that to me, I love those guys.
Of course you do.
FYI.
Without those guys, we don't create the valuation in the business that we've been.
I'm telling you here, right?
I believe it.
But in those moments, it's tough to tell you.
How do you make your decision?
So question, is it something from inside you?
What makes you go, you know what?
I'm going to do my own thing.
I get what.
Thanks for the advice.
Bro, here's the thing.
You know, the whole thing about, like, you know, some people are sending me messages about Jordan Peterson.
What do you think was going on with Jordan Peterson?
We'll talk about his story right now as well.
What do you think about what's going on with Tate?
What do you think what's going on with us?
What do you think what's going on with that?
Here's what I do know.
Any one of us who think we're right 100% of the time, you're a fool.
Of course.
Any one of us who think we know it all all the time about all things, you're a fool.
Okay?
There's nothing attractive about that human being.
Okay.
And by the way, we all are tempted to feel that way.
And the cause of that is when people around you tell you how amazing you are is because you don't sit with opposition.
Okay.
The problem when you don't sit with opposition and you only sit with people that think you're so amazing, you're like, you know how much hate I got for having Rez Aslan on?
Really?
Oh, I can imagine.
Oh, my God.
Do you know how many people tweeted at me called me at a call last night saying, why would you have Reza Slan?
I'm like, dude, it's one of my favorite podcasts.
Why would you have, you know, Kyle Kalinsky?
I freaking had a blast with the guy because you're finding leaks, right?
So you're asking the question to me, dude, there's been many times I've made a decision and I've been wrong and I had to learn.
Okay.
But in certain decisions that has to do with values and principles, I'm not compromising.
You say right on your own.
You keep the course.
No, because my loyalty is to the people that bought into the vision when we sold the company, like what we're going to do one day.
When I sold them 13 and a half years ago, my loyalty is to those people.
There is no what we're doing today without those guys at the beginning.
Zero.
My goal was to make sure all of those guys became financially free.
Palayo today just bought a $3 million house in Austin.
Got a beautiful wife, beautiful junior, beautiful kid, beautiful family, very happy in Austin.
Guy Tan just bought a two and a half something million dollar house in Houston, drives a nice car.
Kids go to great private schools.
He's an incredible father.
Mom's an incredible mother.
They have three boys.
Seeing what happened with Rodolfo and Cesi Vargas, incredible life.
They're living in a beautiful home.
You know, a few million dollars in a bank.
They've saved.
They've done this.
Guy was a guy that worked loss prevention at Sears.
Wow.
And he went back to El Salvador to get married.
Seen what's happened with Matt Sopalo, who just bought a $3 million home in Dallas, Texas.
Beautiful basketball, tennis court, stairs of like the Tony Montana type of stairs when you come walking.
And they're living an incredible life.
They're both leaders.
I owe it to them because without them, we don't have what we have.
But I'm the leader.
And the pressure isn't for me to be right 100% of the time.
The pressure is I may be wrong, but I'm okay with that.
But I don't compromise values and principles.
And I don't think neither should the rest of us.
No matter how great the argument may make, you should always leave and out to say, guys, we could be wrong.
The whole problem with COVID was what?
All they said is they're 100% right.
And others are 100% wrong.
That's just, that's just not cool to do that.
Okay.
So I'm not sitting here trying to tell you how amazing we did all this other stuff.
Believe me, I can tell you 50 different mistakes I made.
But I'm okay with that.
But I'm not compromising values and principles.
I respect you.
Those are the things that we have to work on.
Again, if you do in the past, when you do, because we are tempted, we're all sinners.
We all make mistakes.
You're typically going to get yourself in trouble.
It's just not necessary.
Life is, as you age and you make money and you've had incredible experiences, man, there's so much, there's not a lot of more valuable things than great relationships of people that strengthen you, that challenge you, and you enjoy hanging out with them.
You can put your feet up and just relax and not give a shit and just talk about life and watch.
And hey, what are your favorite singers?
What's your favorite sports?
Let's debate this.
Let's play dominoes.
Let's play spades.
I just played spades the other day with Ellis Suazo, with Jamie Musgrove, with Ote, Ruben Ote, Tikrin Beckin, and Maurice Hansberry.
One's from New Orleans, Ellis, very handsome guy.
One Maurice Tansbury, love that guy.
He's from Chicago.
I think he's from a different place, but ended up in Chicago.
And then Jamie Musgrove from Memphis, Sable Ote from Memphis, and then Tikran's from Armenia, right?
Armenian guy.
Two Armenian guys whooped on him proudly.
And they came saying, Y'all don't know how to play Spades.
Really?
Okay.
You must not have a clue who I spend most of my life with.
We sat down, we played Spades.
The only person I got to give credit to, it's very uncomfortable to do this.
Jamie Musgrove is legit.
He's good.
She's good.
By the way, cut this part.
I don't want to cut this clip.
I don't want her to look at that kind of a recognition.
Recognition.
No, no, I'm just kidding.
Jamie's legit when it comes down to spades.
It's okay to play against Ellis, and he's good.
It's okay to play against Hansbury or Ote.
They're good.
If Jamie says, let's play Spades for money, run.
Take your money, run, put away your credit card, take away your app with Apple.
She's good.
But again, we started playing cards at 10 o'clock that night.
Tom and I left at 3:30 at night in the morning.
Okay.
For five and a half hours.
All we did is play cards, talk shit, have a cigar outside for Lauderdale on the water with a house with Manashina Sopalo.
Chilling.
I mean, you couldn't that, that, that right there.
Is that worth $100,000?
Is that worth a half a million dollars?
To me, that's practical.
Life is about those moments, those relationships.
You ought to value that.
And if you can do that and make money and make history and make a difference and do something that's never been done before, now you're part of the lucky, lucky, lucky, lucky, very, very few.
That's cool to be a part of that.
Anyways, I don't know how the hell we got into space.
But I just really wanted to call out Ellis and I think that's what you had an agenda.
There was an agenda.
I'm showing my flaws, my weaknesses.
I cannot believe it.
That was a call out.
It was work from home.
You make mistakes.
You learn from mistakes.
You need to beat you.
But we beat you.
But you lost.
But what is never a mistake is investing in your people and playing cards until 3 a.m.
Those are good memories.
Okay, let's go to the next store.
Do we want to do Rolls-Royce?
Let's just get that knocked out of the way.
By the way, just for some of you guys that buy Rolls-Royce's for a living, Rolls-Royce went and had their biggest year ever.
Rolls-Royce heralds momentous year as car sales exceed 6,000 for the first time.
For the first time in 118 year history, the company saw particularly strong year-on-year growth in the Middle East, Asia Pacific, and U.S. and Europe in 2022 with a single-digit drop in sales in greater China.
Interesting.
So China bought fewer Rolls-Royce.
Everybody else bought more, which was successfully counterbalanced by increased sales in other markets.
Some 6,021 cars were delivered to customers last year, an increase of 8% from 2021 with demand for all models remaining exceptionally strong and advanced orders secured.
Far into 2023, the value of bespoke, bespoke commissions also reached record-level highs with clients willing to pay around a half a million dollar, half a million Euros for a unique Rolls-Royce.
Adam, what are the chances of you one day owning a Rolls-Royce?
Well, thank you for teeing that up.
You know, I was talking to my Rolls-Royce dealers today.
Dealers.
Wait, plural, right?
I've got a couple.
I'm vetting them just to make sure I'm getting the best deal on the Rolls-Royce dealers.
How do I say hello about it?
Well, I will say that my Royce is a lot of people.
They're probably mostly Middle Eastern.
100%.
My Rolls-Royce dealers know you're Rolex dealers.
They're in communication.
They're not going to do a two-for-one deal.
I don't know what percentage of the world is even looking into buying a Rolls-Royce.
6,021 of them.
Yeah, okay.
So out of 8 billion.
Out of 8 billion.
Yeah, this is a very small market.
But I guess where I'm going with this is we just read the article about whether it's a Rolex or an Automars Paquette or what's our other brand?
Yeah, all those.
Or Félé Perfili.
You know, it's expensive when you start talking like this.
And that's not even your accent.
All of a sudden, I'm talking about that.
Felipe rich.
Felipe Arteka out of nowhere.
But like the first things to go are your wants, right?
Like you talked about whether it's watches, anything with the motor, cars, boats, motorcycles, all that.
So I guess my question is I'm grappling with if all these wants are going down, luxury goods, why are Rolls-Royce going up?
Because my guess is the rich have gotten richer.
The poor have gotten poorer.
Like you could be a paycheck to paycheck guy.
You can make $100,000 a year and you'll be like, you know what?
I kind of want that freaking Rolex.
And you'll spend some money on a watch.
You ain't doing that with the Rolls-Royce.
Rolls-Royce is for the elite of the elite, of the elite of the elite.
It comes with the drive.
Yes, exactly.
So right now I'm just negotiating with my two or three Rolls-Royce dealers and jump seeing what I can come up with right now.
But now's a good time to find these luxury assets on a good one.
Tom, do you agree with them the fact that to the rich, you know, by the way, I just did a number right now.
If a person bought a Rolls-Royce yesterday, 6,021 of them sold.
We got 8 million people.
You ever heard that song?
You're one in a million.
You're one in a million.
You're officially one in 1.328682 million people that bought a Rolls Royce.
The lottery.
How much is a Rolls-Royce?
How many?
Half a million?
Half a million?
Yeah.
Half a million.
Like I'm Patrick's.
The Phantoms.
That's a Rolls Royce.
The Phantom is going to be $650,000.
Dawn is going to be $400,000.
A Ghost is going to be $350,000.
Drophead.
You're looking at anywhere between $350,000 to $700,000.
How much is a Maybach?
Maybe it's about $300,000.
Oh, by the way, congratulations on the new car I just saw sitting out there.
Yeah, I love that.
Tell me about that car.
But so you got rid of one car to get this one?
No, I didn't get rid of it.
The other one is in the garage.
You're just sleeping.
It's chilling.
I just trying to get rid of it.
But this one, the Porsche Turbo S.
It's sick.
Cabriolet.
Oh, my God.
Ridiculous.
I am in love.
So you're not getting it?
I'm not even kidding with you.
I'm in love.
That's sick.
Now, yeah.
I mean, zero to 62.2 seconds.
Comfortable.
Comfortable.
It's big outside.
You have to sit in it.
You can't dial out.
I'm going to take it.
Because it's small from the outside.
Yeah, I'm going to take you.
You're going to see how it goes.
You have a deal?
You're going to sit there and you're going to say, holy shit.
You'll see when it flies.
It's an amazing thing.
So, Pat, when you drive a car that's worth, okay, that's a really, that's a house.
$460,000.
Literally.
Like, somebody's driving that for you.
You're not.
People, I don't see that many people that, if that's your car, because, bro, any dink, any, anything, that's like a car.
Like, you have to pay like how much?
$10,000?
Anything on any damage done to this, your rims, your everything?
It's ridiculous.
First of all, when I had the dawn, I had a flat tire, Tom.
You can correct me if I'm exaggerating.
Okay.
Over a two-year period, I drove it every day.
Yeah.
How many flat tires did I have?
Honestly, in two years?
In two years.
What?
Two of them or?
Two of them per month?
Oh, so you weren't, you called Jen right now.
No, I remember that, but I remember the first one where you call the number, you suddenly hear helicopters overhead.
Guys are dropping down on ropes, and they're suddenly changing your tires and apologizing.
I probably had 12 flat tires in two years with a Rolls Royce.
That's why.
But let me tell you what happened.
Here's what would happen.
They come, they pick it up, they go change the tires.
No one bitches, they bring it back to you.
That's it.
The service is ridiculous.
Well, I would hope you get that type of service if you're spending a half a million dollars.
You don't get that service with Mercedes.
Oh, no way.
You don't get that service with Mercedes, and you can spend a couple hundred thousand dollars.
No, no, but that's still, but you get the service with them.
The level of details, like the leather they use inside is with cows who have never had mosquito bites.
What?
Are you joking?
No, no, I'm telling you.
Oh, my.
No, no.
I'm telling you, like the stuff, the story, when you see the story behind what they do.
The floor mats in real world.
Yeah, like by the way, the hand, like the, what do you call a steering wheel?
The leather on the steering wheel is like only four people in the world that sew all of them on.
And the way they do it, it's like the more and more you hear those stores, everything is like hand, the clock in the middle, the watch in the middle.
The level of ingenuity and detail to attention to on a rolls is ridiculous.
Gotcha.
So just don't go to a Rolls-Royce dealership because when they start talking to you like this, you literally, all you're like, you are going to buy a Rolls-Royce.
I don't.
You love Rolls-Royce.
You will max out your credit cards and get a Rolls-Royce.
I don't care if eggs are expensive.
Rolls-Royce is cheap.
That's what they're going to do to you.
And you're like, oh, shit, Ma, I got a roll.
I should buy a Rolls.
I don't know.
But I got it.
It's on dad's credit.
It's on mom's credit.
On the inner of the Rolls-Royce on the dashboard, you know, they have the clock.
It's a very fancy clock.
It's actually built from human skin that has never had a mosquito.
Wow.
Crazy.
That is never.
Insane.
By the way, here's a little tip to save that money.
If you're interested in a Rolls-Royce, here's what you do.
You go to the car dealership.
You go right up to the dealer and you say, show me where the Chrysler 300s are.
You go buy that.
Same car.
You go steal the Rolls-Royce insignia off Pat's car.
You glue that on.
You take your girl not to a hot date restaurant.
You take her to Public.
Now we're saving that freaking story.
We're driving the Chrysler 300s.
We're not driving Rolls's.
We're not eating out at the fancy restaurants.
We're saving money on eggs.
This is your game plan for 2020.
23 of the game, gentlemen.
I think this is good.
I'll tell you why I think it's good.
Because there's a lot of people that are taking pride in their work who will never own a Rolls-Royce that are building them and have jobs at that company.
Get back to the biz dog.
No, no, I mean, people say, oh, the rich are getting richer.
Yeah, but they're buying things that are built by other people who have a really good job doing that.
So I kind of look at it as net benefit because there are four or five people that make whatever they make a year that are sewing leather and are doing leather selection and everything.
What do you do?
I do leather selection for Rolls-Royce, so it's perfect.
That's a car sign.
By the way, once every podcast, I try to give the biz doc shout out for when he hits the nail on the head and phone.
Here we go.
If you hate rich people, listen to what Tom just said.
For all those 6,000 people that are buying Rolls-Royce's out there, how many jobs has this created?
Whether you're doing the leather and the wheels and the steering wheel, all this stuff.
Or you're selling one in Miami.
Jobs are being created because rich people want lunch.
This is totally random, but that's how my brain works.
Do you think those Rolls-Royce cows know that they're like, guys, first of all, zero mosquitoes.
Number one.
Number two, what do you do this?
Because all the other ones are going to die and go to whatever.
And they're like, guys, when I die, I'm going to be seats and a steering wheel.
And you guys are going to be boots on some idiot.
Enjoy your McDonald's patty.
Vinny, I tell you, one of the greatest salesmen.
I appreciate it so much.
One time, myself, Jennifer, Steve, and Tallinn, we go to a restaurant in San Francisco called Alexander, something like Alexander Steakhouse.
Can you type in Alexander Steakhouse?
And where's this?
It's in San Francisco.
I've heard of that.
I've heard of that.
So we go to this restaurant and a waiter says, would you like to hear about our special beef and steak that we have?
Of course.
I said, yeah, I'd love to.
Mr. Jones will explain it to you.
Another guy has to come.
So a guy with a British accent and whatever.
His name may be something else, but he shows up.
Fake accent, and by the way, just looking like money.
And he starts explaining the steak that they have from Australia.
I said, how much is this?
He says, 12 ounce, $400.
I said, $12 ounce, $400.
I said, okay, sell it to me.
So me and Steve are like, dude, we have to try this.
Sell me this pen.
What's your name?
Here's what's so special about this beef.
Number one, it's been listening to classical music.
I'm telling you, it's been listening to me.
Mozart only for this.
Music.
It's entirely right.
Beethoven Mozart only.
It has the best kind of beer every day.
Oh, my God.
It gets massages every day, zero mosquito bites.
You are possibly eating the best meat, beef you'll ever eat in your entire life.
It melts in your mouth like ice cream.
So I said, either this guy's full of shit or I want it.
Yeah.
So we order it.
Okay.
No joke.
It shows up.
I'm getting hungry just thinking about it.
Oh, my God.
I just messed myself up.
I'm hungry.
Look at it look at it.
So I cut the meat.
Why'd you do that?
That was like two teas.
So I cut the meat.
Vinny, you know what happens?
The meat?
The meat falls and you know how it jiggles like jello?
No.
It's still jiggling for like five seconds.
It's so good.
I put it in my mouth when I eat this steak, take a bite out of it.
I had a moment with God.
It was a spiritual moment.
You heard most of this.
It was so good.
It was insane.
That's how good it was.
Steve eats it.
He has a similar reaction.
So, you know, part of this is the story where it's kind of like the audience is sitting there saying, I don't know if you're full of shit or not, but I want it.
And part of it is if it delivers, man, kudos to you.
This thing delivered.
So let me ask you a question just really, really fast.
Being a cow wife.
Would you rather be the cow that's pampered and massaged and beer, but you're going to die?
Or would you rather be the guy that just is in that room just like, it's coming?
Because the other guys, the one cow is like, they're never going to do anything crazy to me.
I'm going to live forever.
But he knows, he doesn't look like he's going to die.
The other ones are just like, they just go up to them and just, and you can feel it, like you said, they're not listening to music.
They're listening to the people hicks and people talking about yelling and stuff like that.
So just nice and calm life and makes you relax and the meat tastes.
Well, that cowboy accent in Australia sounds fantastic.
Sounds good, huh, brother?
Little advice for you, buddy.
Yeah, there's a rule with doing your dating and everything that you're doing.
Why buy the cow if you get the milk for free?
That's what I'm saying, brother.
Why would you?
Well, I have no hot dish.
Go ahead and milk that thing.
All right, let's go to the next store.
There's a rule with no venue.
Steak and eggs.
Go ahead, brother.
Go ahead.
The chicken's involved, but the cow's committed.
Exactly.
That's hilarious.
All right, so let's go to the next one.
Do we want to do business or do you want to do a little politics?
Let's go to Kevin McCarthy.
Let's go to Kevin McCarthy.
All night when it was announced Adam was texting me, he was so fired up.
So Kevin McCarthy elected Speaker of the House and in days of Republican chaos and division in Washington, insider story.
Kevin McCarthy was selected as the Speaker of the House.
After a lengthy and chaotic selection process that took place over several days, McCarthy secured the position after 15 ballots.
In the early hours of the fifth day of voting, he was able to win over more than a dozen votes on Friday, giving him the necessary support to become Speaker.
McCarthy's victory came after a series of events on the House floor, including the confrontation between two representatives and a last-minute effort by McCarthy to secure support.
The Speaker of the House is second in line of presidential succession.
Adam, what are your thoughts when you saw this?
Did you see how many times it took for him to get elected?
Because breaking news, he is now officially the Speaker of the House.
You do realize that the Speaker of the House, third in line for the presidency.
This ain't no little small task.
He just took Nancy Pelosi's job.
By the way, I know we have a massive audience, all four of you that are huge fans of Nancy Pelosi.
She is no longer the Speaker of the House.
The House minority leader is now Hakeem Jeffries out of New York.
New York.
But I think this was a big deal.
This was something that if you like soap operas, you know, get a load of this.
You saw what happened with Matt Gates, and he tried to drama.
And then the other guy showed up.
He tells you that.
And just, you know how they said, like, you don't, don't watch the sausage get made.
You know, Pat, you say something all the time about like the relationship we have with our parents.
I'm going to try to use a metaphor with politicians.
You say when you're young, you idolize your parents, right?
And then when, as you get older, teenager, you kind of villainize your parents, right?
But then as you become an adult, you tend to humanize your parents.
I kind of look at that with politics, especially with Trump and everything that happened with him is you're either like idolizing Trump, right?
Or anyone in the Trump camp, or you're villainizing Trump.
And what I did genuinely with Kevin McCarthy was I wasn't trying to idolize him.
I'm not a fan.
I'm not trying to villainize him.
He's an American.
I'm not anti-establishment.
I'm not anti-Kevin McCarthy.
I just genuinely tried to humanize Kevin McCarthy.
And I actually listened to his speech.
Did you listen to his speech, by the way, when he became Speaker of the House after two days of no, His speech was fantastic.
It was moving.
It was powerful.
It was real.
You know, he's got people on the left that obviously don't like him.
He's got people on the far right that probably like him even less.
You know, the Freedom Caucus, everything, you know, the Matt Gates is of the world, the Lauren Boeberts of the world, Marjorie Taylor Green.
But I actually just tried to humanize Kevin McCarthy.
And, you know, the knock on him is he's just like establishment swamp creature.
He raised $300 million.
But I actually listened to his speech.
And when I tell you, I was like genuinely moved when he started talking about Lincoln.
And I'm sure there's an element of like, you know, diplomacy and being a politician and just kind of just, but I actually just tried to humanize him for a second.
And what he said was sometimes when he's all alone in this chamber, he'll go stand where Lincoln used to stand in the back of the room and just sit there and watch everything.
I do it all by myself.
And this was the worst time in American history, Civil War.
And, you know, he just, he just kind of got in the moment.
And I just went with it for a second.
And man, it was powerful.
And I'm not a Kevin McCarthy fan.
I don't know anything, but good for him.
I think as an American, we're rooting for our politicians to just get this shit together, figure it out.
If we learned anything from the midterms, it's like, we don't want the fringe element, whether it's on the left or the right, running the government.
Well, here's the challenge.
Here's what happened.
I'll give you my take.
And then, Tom, Vinny, I want to hear what you guys got to say.
Is the challenge you saw between him and everybody else was a couple different things.
Remember, day after January 6th, he got up and he says the president have to do this with a mask on.
Kevin McCarthy called that Trump hardcore day after January 6th.
I think it's 7th or 8th when he did that.
You're saying two years ago.
Two years ago.
Yeah.
And behind closed doors, he's been saying a lot of stuff about a lot of different people.
And people have a memory on what's been said.
And so what happens when you're wanting this position and some people wanted Jim Jordan and who he's a guy that's a tough, strong guy that's not afraid of going after them.
The only thing that he's got on himself is the fact that he took money from Google.
But a lot of these guys took money from Google.
Here's what happened with this guy.
He thought, McCarthy, he thought two months ago, three months ago, this shit's going to be a red wave.
I don't need any of Trump's people.
Zero.
I don't care what they have to say, whatever, Matt Gates or this or this or that or Marjorie and Green Taylor.
I don't know, sir.
I don't have a hero.
Nothing because it's going to be such a big red wave.
The day it wasn't a red wave, of course, well, some say it was the worst day for Trump.
Fine.
But you know what a lot of people will say?
It was a worst day for McCarthy.
Because the moment that happened, McCarthy sat there and said, holy shit, I got to go beg these guys and I've got to make deals.
If it was a red wave, he wouldn't have to make deals with nobody.
So these guys went there.
You know what's one of the asks that they had?
The whole negotiation, why he went so many different runs?
You know one of the asks was?
Term limits.
One of the asks was term limits.
Guess who doesn't want term limits?
Any of them.
The establishment house.
Of course.
The guys that have been doing it for 20, 30 years, they don't want to freaking agree on term limits.
He wants to put term limits.
McCarthy does.
No, no, no.
Not McCarthy does.
Gates and those guys are pushing for term limits.
The Freedom Caucus guys.
Yeah.
The younger guys.
Yeah, the younger guys.
So for me, listen, I think who came out of it strong, and I know this is going to be weird because Bill O'Reilly is like, Matt Gates is going to pay price for this in the next two, three, four, five years, and he's going to do this.
Bill O'Reilly may be right.
Everybody may be right.
We don't know the whole story.
What is evident is that no matter how much people try to say about the Trump camp, they did not win the red wave and it hurt guys like him.
He has to still figure out a way to have a relationship with Trump in the interim.
A lot of this stuff is taking place right now where these guys got to figure out a way to get along.
You saw the next day where Matt Gates is like, well, you know, I just want to say we are very happy and everything's going to, you know, we're going to be working together.
We're going to be unified.
We have to get this thing done.
We have to do this.
We have to do that.
He says, look, six weeks, people took six weeks off at the house.
What's the big deal between us finishing it up on Tuesday versus Friday and going four more days?
There's nothing wrong with it.
You guys took six weeks off.
You mean to tell them you can't wait four more days?
So it did look like the Republicans were divided publicly.
And then, you know, maybe they're going to figure out a way to work together.
But this isn't about Republicans and Democrats, Adam.
This is my opinion.
This is about the guys that are part of the club who have been in this club for 20 plus years.
And it's the new guys coming up that are actually doing this, who have a little bit of real vision and stuff that they really want to do versus the other guys are like, oh, shut up with your, you love America.
America is the greatest country in the world.
Be quiet.
Let us do insider trading.
Let us do this.
Let us do that.
The guys that have been on for 20 years cannot stand the newer guys because they're making them work.
They never like the newer guys that make the older guys.
They're like the squad.
But the squad.
They've seen all those guys.
Those guys are annoying to Democrats.
100%.
So that's their equivalent.
Great example.
That's exactly what it is, Pat.
You said the Matt Gates and all these people.
And from what I saw Adam, it was just like the Republican Party, you guys won.
You guys don't got your shit together.
And I get it.
There's all Trump and this, but it's like a Democrat kind of was in the running to get the Speaker of the House.
Like, what are you guys doing?
You have this great opportunity, just like you said.
What the hell's going on?
Like, this is a moment where everybody could show like working together, that unity is sub.
But like you said, to get those right, to get those establishment people out, bro, you're not going to budge.
Those people aren't moving, bro.
They set the rules so that they can have that forever.
I don't know if you watch, I'm pretty sure Adam, some of those judiciary areas where like Chuck Grassley, they look like they're 105 years old.
Well, Chuck Grassley is literally.
He's 105 years old.
He's 105 years old.
And it's like, bro, those people are making decisions.
The Joe Bidens, these people, they're making decisions, bro.
And I love my mother to death.
She's 75.
When I talk to my mother, you could tell, and she's doing fantastic.
That's not somebody that I would be like, mom, make a decision on.
She's out of the loop.
When somebody's 80, some years old and whatever, we're giving 90, Chuck Grassley.
You're making decisions for right now.
I just don't trust you.
And yeah, there's people whispering in their ears, but come on, man.
We need that real change.
That's the real change is let the younger people come in there.
Just like you say it all the time, Adam, put a 45-year-old president in there.
Can we see that guy?
And just going off of that, Adam, I'm dead serious.
This week, I'm doing the Gavin Newsom pre-bet in Vegas.
I'm not even joking.
That guy, because he just did something too, Pat.
He just, he's doing something presidential.
He just made a comment, Rob, where he said, he just said something that he got controversial stuff about.
What's that?
I don't know what it was.
I think it was yesterday.
He said something about California, something controversial.
And they're like, that's the candidate.
There's like three different news outlets, including Fox.
They're like, he's going to be the one.
They just said Biden's about to come out and announce his candidacy, that he's running.
He's announced his run, but he ain't going to run.
It's like a low.
By the way, I hope he runs.
Yeah, me too.
I hope he runs.
On the flip side, it is embarrassing that they even are allowing this guy to go through what he's going through.
It's embarrassing.
You know how at the end of Reagan's career, what was happening to Reagan?
He was having his dementia.
We had a relative who had a brain, who had a, what do you call it, an aneurysm.
And he did not look good the last six months of his life.
And this is a man that's a very handsome.
What's going on?
What are you doing here?
You want water?
Yeah.
Okay.
So there's this man in our family, good-looking guy, very famous, influential, unbelievably known in the Iranian community.
But when he had his aneurysm, it was not a good look on how for him to be remembered the last six months.
Have you noticed that Michael Schumacher?
You don't see any images of him?
Their family does a great job protecting his legacy.
The driver?
Yeah.
Schumacher had a terrible accident, skiing accident.
Like he's pretty much.
He's on his way out.
He's dead.
He's just, he's got nothing.
And the family has done such a good job protecting his legacy where the only thing we remember is that face with the red uniform, right?
Smart.
I think if Joe Biden's a father of mine or a brother of mine, His wife, I would sit there and I would say, Look, the legacy, you don't need a second term to be president.
Your one term is your president.
If you're like this right now, the way you're talking, how the hell are you going to be talking in 2027?
Let's just kind of kick it and let somebody else that's younger go compete for your spot, which is Newsom.
And again, I'm talking on the Democrat side.
I'm not talking about I want Newsome.
I'm just saying on the Democrat side, let's go let somebody else go run, but it's time.
It's not, there's a part where the family's got to step in and say, Pops, you got it, you got to kind of kick it right.
So, Pat, why do you so as thinking as on the Democratic side, what why do you think that they're because I mean, he's gonna announce it, that means they kind of want him to.
Is that who they want to go against Newsome?
Because he'll have, you know, it'll just be a landslide, or is it that they don't have anybody else really to go against Newsome, who we know is going to be the front runner?
We're not stupid.
We'll see what happens, what happens with Newsome.
You saw, you saw what Neil deGrasse Tyson said yesterday.
It was very powerful what he said yesterday.
I said, What are indicators of success?
Okay, and part of the discussion about schools, which is writing a book on, I really am curious to know what he's going to talk about with the book, with the new schools.
He says, Okay, four indications of success for a kid: one is grades, but that's only one of four.
Two is social, how they are with people.
We never grade that.
No one gives a shit.
You were socially good.
You're probably socially very popular in school, but that's one of the two, right?
Three is ambition.
Hey, the kid wants to do something big with his life.
You know what the fourth one was?
Capacity to recover from failure.
Yeah.
Okay.
Do you realize Newsome, his opponent once asked him a question that the stuff that he did with his brother or whatever, whatever, the stories that he has and the way he handled it, and you know, Newsom to get the criticism that he's gotten all these years?
And guess how he handles it?
Of course, he's not a good person that you would want to be best friends with.
Newsom's not on the list of you want him to be a running mate.
That's not that guy.
But for a Democratic candidate to be a face, the guy has exes, the guy has overcome negative publicity attacks on him so many times.
He is the ideal candidate for the Democratic side.
The ideal candidate is him.
Believe it or not, the recall is the ideal candidate for him to be a politician that's going to handle a future impeachment that Newsom may go through in 16 years.
Okay, so if you're looking at it from that standpoint, Newsom's your guy.
Well, Pat, let me ask you a question because I mean, what we're talking about is we talked about term limits and everything like that in this capacity, but we're talking about people 75 plus.
These are super senior citizens.
I mean, Chuck Grassley's 97 years old.
Alan Greenspan, which is 97 years old, former chairman of the Fed.
Biden's 80.
Trump is in his late 70s.
You know, let's use your dad as an example.
One of the wisest, best men I've literally ever met in my life, father figure.
He's 80 years old.
So here's my question: At what point is wisdom and experience the deciding factor versus old and out of touch?
Because I feel like in this country, you know, we don't, we don't cherish the elderly or our grandparents as much as maybe in other countries.
I feel like, oh, he's old, get him out of here.
Where does that, like, for instance, you have a very close relationship with your dad?
Your dad's not trying to run a company right now.
He's 80 years old.
Where does wisdom, experience, knowledge all play in versus being kind of old, out of touch, not having it anymore?
Bro, I mean, you're a sports guy.
It's like, hey, Michael, it's time.
Kobe, you shot 35% from the field.
That's not good.
Rob, your mic is on.
You shot 35% from the field.
That's not good.
Okay.
You know, this is not, this is a good time for you to walk.
You're done 20 years.
You know, it's time to step away, right?
Hey, you know, Albert Pujols, you crossed 700 home runs.
If you think you can do 20 and you're going to play DH and you play 81 games to maybe get to the 756 mark, I don't know, the 765 mark, I think Bonds got that number.
And steroids has not been linked to you.
You kind of went under the radar during the steroids era, go for it.
But just know, that's the role you're going to play.
Those conversations are the hardest conversations to have, but it's typically a person tough enough to have that conversation with that individual to say, look, this is just not your strength.
It's time.
You've contributed.
You've done your part.
You're a great citizen.
Go be a grandfather.
Your grandkids want that time with you.
Selfishly, go tell your grandkids, your great-grandkids, some stories that one day they're going to write about in a book when they run for office one day.
That's an important legacy.
It's no longer your job to go out there and do this.
So for me, you know, the younger person coming up typically has a lens that the older person may no longer have.
And not only that, they don't have that reason to want to prove a point anymore.
The other person does.
The person that's coming up has more of a point to prove to say, here's what we need to do.
That's where we need to go.
Here's what we got to do.
There's a part of that that you want somebody younger.
But with wisdom, counsel around that they're giving you advice.
This is why a lot of time when people retire at 65, 70 years old, what do they do?
They go get five board seats.
Why do they get five board seats?
I got 50 years of experience in free enterprise capitalism that I can give you some counsel on what to do in the insurance industry.
Let me be a board member.
Be a board member, but no longer a CEO.
Correct.
The job of a CEO requires a lot of energy where you don't get lazy and tired in the middle of an issue where you say, ah, you know what?
Just give China exactly what they want.
I'm tired.
We've been going back for six weeks.
No.
Versus a 48-year-old is going to be like, no, I don't care if we go nine more months.
We're not giving this to you.
No, no, we're not doing this to you.
What is wrong with this guy?
He's 48 with a lot of energy.
The other one's 80 years old and wants to go to sleep.
By the way, I think that was the perfect answer, especially the end of it, where it's like, use the age and wisdom to give advice, give counsel as a board member.
It might be tough to be the CEO.
So let me ask you, let's use a case example.
If you could pick one person to be in Biden's ear and one person to be in Trump's ear, who would that person be?
Go with me here.
Who would that person be?
And what would that message be to Trump and to Biden, in your opinion?
I don't know how effective he is today, but I think Biden could hear and get some counsel from Jimmy Carter.
So I don't think he's going to believe Clinton, whatever they say.
I don't even think Democrats trust Clinton.
I think they always think there's a motive there.
I think he will trust Jimmy Carter because Jimmy Carter's got nothing to gain or anything.
If he's still able to communicate, I think Carter would be somebody good.
I don't even know if Obama would be somebody good.
I don't think he would sit there because Obama's always got Obama's still young and ambitious, so he may give care.
So his wife may be like, I think Biden's wife may be like, I don't like what Brock just said.
Forget about what he said.
I think if Jimmy said it, I think he may listen to Jimmy.
I don't know.
Again, I'm just speculating.
I don't know who.
We're playing a game here.
On the Trump side.
I just had a very, I had somebody over at the house this weekend who was his right-hand guy at one point.
I'm talking about somebody that was a former mayor of a very big city, the financial capital of the world, the American mayor.
And we spent four or five hours together this Saturday.
We had a lot of interesting conversations together.
We didn't shoot a video.
We didn't shoot nothing.
It was just conversations we had together.
I don't know.
I don't know because what Trump has going for himself is 60 years in business, so many people's lives you may have changed that backstabbed you.
So many people's career that they were nobodies.
You gave them a shot.
They work with you and they use that on their resume to get the next job to become.
And then they turn their backs on you and they said something.
You saw the clip.
You're like, wait a minute.
Did you forget 17 years ago you were crying in my office?
Those moments, people remember.
Like, I remember a guy named Michael in my office crying 16 years ago.
We're in Granada Hills.
And he says, one day when I make it, I'm going to tell everybody, you changed my life.
I will never forget these late-night conversations until 2 o'clock in the morning.
10 years later, he backstabbed me.
And I'm like, oh, wow.
So if I'm on like this level of what I experienced at 35 years old and he did that to me, what makes you think what he's gone through?
So I don't think he trusts anybody.
I don't think he trusts anybody.
I think the amount of people he trusts is actually less than this.
Wow, I think so.
By the way, let me put it to you this way.
Let me rephrase the statement.
Trust and respect, not just trust.
Trust, I think he trusts a lot of people.
Okay.
But trust and respect their opinion is, I think, less than this.
I think there's one person out there when you think deeply about it, it'll come there.
And I don't think it's Don Jr.
And I don't think it's Eric.
But there is one person out there I think he really respects and he knows has his absolute best in mind.
That's Ivanka.
I think so.
Her relationship with his daughter is the strongest of any of his kids.
And she's always strong strategically, but then stays out of the spotlight.
He's like, oh, you know, Jared wants this.
I was like, well, as a power couple, there's some of that.
But I think he would listen to Ivanka.
Let me ask you this, because he is running again, obviously.
Don Jr. is going to play a major role.
So is Eric.
But Ivanka and Jared for that, Jared Kushner, have already come out and said, we want no part of round three.
2016, 2020 took its toll on us.
We're building a home in Miami.
I know all about that.
They want no part of this.
How much does that play a role, in your opinion, of not having her in his corner this time around?
I think that's big.
And I think if you take a look at Trump right now, that there's like a little, he could use some firmness on the strategic rudder.
I think he's the same guy, but I think he could use a little firmness on the strategic rudder.
I don't think he would have had a particular dinner with a particular guest unless things were that we all know about two months ago before that.
Kanye, Nick Fuentes.
Yep.
I think things like that, if he had a stronger rudder, you know what I'm saying?
Like a core around him.
Hey, Dad, I don't know if this is the way to do this.
Can you pull up the Vegas odds real quick, by the way?
We're having this conversation about the presidency.
Continue.
She could probably, I mean, dude, Ivanka, maybe she's just being quiet.
She's like, I'm not going to talk about this.
Maybe she's thinking about the future.
I mean, maybe she could run sometime down the road, bro.
You wouldn't see that?
I don't see that.
Ivanka Trump.
Let me just throw something crazy out there.
There's rumors of a.
1,400, Adam.
Yeah.
You know the rumors or no?
Go ahead.
Go talk about what you want.
Well, these are the odds.
Everyone knows here on the show.
I don't look at Pew.
I don't look at Quinnipiak.
I don't look at ABC.
I don't look at Fox.
Vegas pulls because they have money on the line, skin in the game.
They have money to win or lose.
This is the numbers I look at.
So Ron DeSantis, the clear favorite to be the president of 2020, 24, 2024.
Ron DeSantis plus 225.
Trump at plus 350.
Joe Biden slightly behind Trump at plus 400.
And then a steep cliff fall off.
And then look whose name is right there.
You got Gavin Newsom, Kamala, who I think has no chance.
Pete Buttigieg, Mike Pence, Nikki Haley, Michelle Obama.
These are all 1,000, 2,000, 3,000 chances.
Glenn Young, nobody knows you.
The Rock's still somehow in there.
And then you got just the fact that Hillary Clinton's name is still in there.
I'm telling you right now, the gambling bet, not the sure bet.
I'm talking about just the bet where, because yo, Democrats, say what you want.
They know how to win when it comes on this.
Put your money on Gavin Newsom.
I'm just saying this right now.
I'm not rooting for Newsom whatsoever.
I'm not either.
But let's go put some money in Newsome.
Put 500 each.
I'm done.
Scroll up, by the way.
It's $1,400.
Okay.
$1,400.
I say you guys put $10,000 eggs on that.
There we go.
$10,000.
You got to bring it back.
That's $50,000.
You got to bring it back.
By the way, nowadays, shit.
Go to the blackjack temple.
All in.
Matter of fact.
Use your quick math brain.
If I put 10 grand on Gasman Newsom right now, how much do I win?
$140,000?
No, $14,000.
You said $10,000?
$10,000 is $140,000 $140,000.
So we put a grant, Pat.
So we put a G, we're going to win $14,000.
And you know what that is?
$140,000?
That's a down payment on that Rolls-Royce.
Goddamn right it is.
Boom.
Damn right.
Yeah.
I mean, it's actually not a bad bet, to be honest.
Not even a little bit.
It's not a bad bet.
However, do it.
However, let's go to the DeSantis article.
Can you go to the DeSantis article?
The secret to Ron DeSantis.
By the way, the folks who sell Rolls-Royce just contact Adam and Vinnie.
They're about to buy Rolls-Royce.
They probably shouldn't buy it.
Shout out to our sponsor this year, Rolls-Royce.
All right, the secret to Ron DeSantis' success, ignore Donald Trump and attack business instead.
Florida governor Ron DeSantis has been compared to former President Donald Trump for his baggadocious personality and his response to COVID-19 pandemic.
DeSantis mimicked Trump's style at a rally in Sarasota by tossing baseball caps to the crowd and claiming that his leadership has been essential in saving businesses during pandemic.
The sugar industry was probably more in Adam Putnam's than they'd ever been for any politician, says Peter Schorsch, publisher of newsletter Florida Politics.
He was their golden child.
DeSantis, on the other hand, has voted against sugar subsidies as a congressman, as one of the state's most powerful industries, pounded him with millions of dollars in negative ads, many funded by dark money groups.
DeSantis stuck back, branding big sugar as a major polluter and aligning himself with Everglades Foundation, a conservative conservation group co-founded by the billionaire hedge fund manager Paul Tudor Jones, who became a major campaign donor.
Okay.
So DeSantis strategy, ignore Donald Trump.
How long will that work?
I mean, it can't go that much longer.
I mean, it's getting crunch time.
It's under two years.
Well, until they both step into a real ring in South Carolina or one of the primary states, I think he can do that until they actually step into the ring.
By the way, can we just put something to bed for once and for all officially here on the PBD podcast?
What episode number is this?
224.
Can we just put this to bed?
Ron DeSantis is running for president in 2024.
Can we stop with the charades?
You're the leading candidate for presidency of the United States.
The whole charade of like, well, I'm committed to Florida.
We'll see how it goes.
We're past that.
When you've passed Donald Trump and the current president of the United States in the polling for the likely favorite, you're running for president.
So here's my question.
I'm having trouble understanding.
Can you unpack that a little bit?
Yeah, I'm saying that Ron DeSantis is running for president.
Enough with the game.
And I forgot which interview, Pat, that I saw where somebody was like, going off what you just said, like he cannot, this is that, you know that moment in your life?
This is it.
He can't have a meeting and be like, all right, Trump, you be the president.
They effed you over.
I'll be the vice president.
Right now, this is his presidency.
Is the strategy working?
I mean, the question is the following, guys.
Let me go back to the question.
100% the strategy.
Is the strategy of ignoring Donald Trump?
Here's the question.
Let's stick to the question.
Strategy, how long will it take for you to ignore until you have to attack?
I think one more year and he's going to get it.
The gloves are coming off.
I give my answer.
As soon as they both have to be in a primary and they have to say something to each other, there's no.
I say one year, Pat.
One year, then it's going to be bow.
What do you think he's going to say?
What is the shot?
What's the first shot fired?
Like the moment Kamala went after Biden in the debate.
Everybody was like, oh, shit.
Racist.
Or the moment.
I'm right here.
I'm right here.
Or the moment.
Or the moment who went after Kamala with the room.
The moment Tulsi went after her campaign was over that day.
When she went after her.
Absolutely.
Okay.
Okay, you're done.
Andrew Wang's off.
You're off.
Next week, people.
Okay.
So What is he going to attack?
What is he going to attack?
DeSantis?
Yeah, what is going to attack?
I got it.
Tell me.
I mean, he has to thread this needle because he needs MAGA country in his corner, but he also has distinguishes himself.
It's kind of like the conversation we just had about the CEO board seat guy.
It says, Trump, respect.
Thank you for your service.
You've done amazing jobs.
At the same time, you've created this climate in this country where Americans at each other's throat.
I want to be the person that unifies America.
Thank you for everything you've done, your policies, everything you stand for.
Amazing.
I'm with you in your corner.
But America is looking for something new and something fresh.
And I think I can be that person.
So, MAGA, I know you're out there.
I know you love Donald Trump.
I'm with you.
I'm going to take on the leftists and the wokists.
I'm going to be there for you.
Dude, that's like the last thing he's going to say.
What do you mean, dude?
What happened to you?
What did you have for breakfast today?
Like, you got to stop eating cereal.
I learned through this new book, Genesis Eating.
I think Jen read that.
Cereal is sugar.
Tell me why.
Because I actually think I'm spot on.
Adams, those eggs were bad.
He has to walk a tightrope between balancing MAGA, but also winning a general population.
What do you think, Sabat?
What do you think?
I think he has to do counter.
So if I'm sitting with him, with DeSantis, with Ron DeSantis, I'm sitting there saying, instead of figuring out what you're going to say, here's the 40 things that Trump's going to say.
How are you going to counter and which ones are worthy of counter, which ones you deflect and you just move on with?
Okay.
So what is one thing 100% Trump is going to say to DeSantis?
Here's one thing he's going to say.
If I don't come and give that endorsement, he barely won governorship.
Without me, he would never be governor right now.
Florida would have a Democratic.
So you're welcome, Florida.
He's going to say that.
You would have lost to Andrew Gillow.
And by the way, just so you know, Trump's right.
100%.
He's right.
Okay.
So that's 2016, though, meaning it's a long time ago.
It's going to be eight years removed.
You could be right 100 years ago.
What's right is not about history.
Right is right.
Okay.
Hang on, keep going.
Trump is right.
Keep going.
So he's going to say that.
And what's DeSantis' answer to that?
He has to say, I'm very grateful that you came out.
You're right.
It was right.
So yes, this is DeSantis' right rebuttal.
Me winning the first election, you had a lot to do with it.
But me going from 34,000 victory to 1.5 million, that's me, not you.
100%.
So that's powerful.
So that's the powerful that he's got to go back and forth.
I stood up to COVID.
I responded to the disaster.
Guess what the voter is going to say?
Even MAGA, because everything's about he needs to win the MAGA votes.
He already has the Republican and his vote.
But the MAGA vote, the MAGA vote, they're going to say, it's kind of right.
You know what I'm saying?
He's kind of right.
He stood up to COVID.
He stood up to Disney.
He stood up to education.
He responded to these disasters.
He kind of did that.
Yeah, well, listen, everything you're doing is pretty much the policies that I would have done.
Yeah, for sure.
He's just doing policy.
So he's kind of like, he's mimicking and copying everything I did.
You know, okay.
So he's going to say, well, I give credit to great policies.
These policies, those policies, these policies, you were right.
They were great policies.
What we did different that you didn't do was this policy, this policy, this policy.
And those ended up working out in our favor.
But yeah, partially he's right.
There were the policies that you did right, we were going to duplicate.
And the ones we added, here's what we did.
Okay, but I've made this.
I've done this.
I've done this.
And you don't know what it is to do this.
You're right.
I've never ran a multi-billion dollar business.
But the benefit I have is I have proof to show that I was the governor of the state that got the most criticism over any other state in America.
And I was the governor of the state that stood behind parents, stood behind moms, stood behind homeschoolers, stood behind people that wanted a choice, stood behind those guys.
And we showed that the right formula of how to react under the pandemic, the one that led everybody else was the state of Florida.
I get credit for that as a governor of that state.
And that's given me the credibility and the moral authority to now run for office to be America's president.
So that's the second one.
Then he's going to, I mean, he's going to come back.
What DeSantis is not going to do, because DeSantis is, as much as he is a very much of a counter, you know, what do you call it? Counterpuncher, he also knows where not to go.
He's not going to go family.
He's not going to go kids.
They're going to try to get DeSantis to talk about, how do you feel about the fact that the president's been married three times?
He's going to say nothing.
They're going to try.
What do you think about the, you know, link to this and link to that?
He's not going to fall for it.
How about the genuine pat, but what if they bring up like how he responds?
He's going to defend Trump.
Defend Trump on the.
Okay, guys.
He's going to defend Trump.
He's going to defend Trump.
He is going to defend Trump until it comes down to him showing that I am my own man.
Got you.
That's what's going to happen.
Because DeSantis is not a Trump mentored guy.
It's an indoor.
Those are two different things.
A mentored requires loyalty.
An endorsed is just thank you, man.
I'm grateful.
I appreciate you.
Do you understand what I'm saying?
The difference?
There's mentored, there's indoors.
Mentored requires loyalty.
Endorsed only requires respect and thanks.
Wow.
Gratitude.
So DeSantis is not a dummy.
He's going to be solid.
And Trump's going to play Trump.
And I think there's no way in the world Trump's all of a sudden going to turn into saying this new guy that's not going to go and do anything with him.
No.
The only thing, the only thing that could happen is if the conversations lead to something happening with the court that it's going to be very, very, very, very ugly, then DeSantis has a card.
Do you know what card that is?
What card is that?
If they go after Trump, I don't think you caught what I just said.
Wait, say it again?
Let me see one.
If, no, it's impeachment.
Who gives a shit about impeachment?
If they go after him court-wise.
Trump.
Trump.
You're unelectable.
Not unelectable.
The classified document stuff that's.
None of that.
If the stuff is like, because listen, here's what's going on with America, man.
You know, all this shit that you're finding about Elon Musk, they're targeting him.
If you try to target anybody and use billions of dollars of government resources and lawyers, you're going to find something on everybody.
Good luck.
Hey, America, we learned something today.
All of you guys got some shit in your closet that you're dealing with financially.
They can find it.
Okay.
If they want to target you, they can target you.
They can target Musk.
They can target everybody.
Okay.
So Trump is the second most hated man in America today, the most hated president living, alive today.
He's number one.
And if they go after him, they're going to find a lot of things who's got 50 years of history, taxes, records, a bunch of different things, deals.
He's going to need the P word.
He's going to need the P word when somebody becomes a president.
Protection?
No.
I got a different P word in my head.
Okay, guys.
Pardon.
Wow.
Yeah.
If it goes that route and it's just going to be like my first position, one, I'm pardoning this.
Two, let's get to business and do what America needs to be done.
Okay.
No one's perfect.
Here's a pardon.
Let's move on.
Then he gets the support.
Then Trump can go golf and spend the rest of his time with his family and all that other stuff.
Again, remember what I said.
Don't put words in my mouth.
I said if the government keeps investigating and trying to find shit constantly over and over and over again to make his life a living hell where for the rest of his life he has to deal with tax, IRS, bullshit, bullshit, he's eventually going to be like, listen, man, just give me this.
I'm going to go play golf.
I'm going to go hang out.
Leave me alone.
Let me spend time with my kids.
And I think this is going to hurt the Republican Party because think about Pat, you have these two alphas that are going to be, at some point, they're going to lock horns, right?
I do think DeSantis could be a synergist.
You think so?
I do think DeSantis could be serious.
So do you think there's a higher likelihood of getting to this magic number?
I keep talking about 60% approval rating.
Trump or DeSantis.
DeSantis.
Is it even a question?
No, no, not at all.
But what I'm saying is.
I don't solve for that, though.
Listen, I don't solve for.
That's an indicator.
Let me tell you something.
You know, this guy, like, what does Trump truly believe in?
Trump.
No, 100%.
And by the way, capitalism.
By the way, I'm not even being a jerk.
By the way, by the way, just so you know, you wish you believed in yourself as much as Trump believed in himself.
Of course.
So don't ever judge a person that believes in themselves as much as this guy believes in themselves.
For a guy to have the world after him, and he goes and golfs with pressure and people making fun of him when he golfs and he said, did you see that drive?
Did you see how good it was?
Did you get that?
Are you going to show that?
Are you going to show how good of a shot that was, even with you talking shit to me?
Yeah, there isn't anybody in America today that can handle the kind of pressure and hate and mockery as that guy.
Leaders Bulletin is first on that list.
I'm with you on that, if I may.
There's a difference between pride and hubris.
Remember, we learned all that in Greek mythology?
And I think Trump is veering towards more hubris than pride.
You're 100% right.
We all wish we had the self-confidence that Trump has.
But it veers towards hubris at a lot of times.
I may have lived a life that many, like, if you want to think about a great Gatsby type of a movie to see who's lived a crazy life, I don't know, bro.
Who's lived a crazier life than better life?
Nobody's denying that.
You're absolutely right.
So absolutely.
All I'm saying to you is if I want to have somebody go up against killers, dirty, ugly, mother, you know, like legit people like that, I'm sending him.
Let me ask you one more thing.
I'm sending Trump.
I'm sending him.
If I want somebody that's a, you know, like, you know, the other day, I saw a clip by Obama.
Obama was like, you know, they say Barack, you know, he cannot handle Putin.
And, you know, he is afraid of Putin.
And they say things like this about me.
Well, I mean, if you're talking about you're going to handle Putin better than I will, my canon, my opponent, you know, the person that's saying all this stuff about me, he can't even know how to handle CNBC moderators.
And then you hear the crowds.
And then they show the clip the first time Trump meets Putin and he pulls Putin in.
Yank.
And then you're like, whoa.
That guy's a former KGB.
And Alpha is Alpha.
That was felt within a second.
There is no question there.
So the point is, if you want somebody to go in places like that to handle people like that, immediate, it's the other guy that's the most hated president alive today.
But DeSantis is going to be the one that's going to do similar job with lesser, fewer controversy, added baggage, all the other stuff that comes with it, and a smaller target because quite frankly, he's not the personality that Trump is.
He's not the entertainer that Trump is.
He's not the character that Trump is.
But he will make a very good president.
I think DeSantis will make a very, very good president.
I agree.
What do you think?
You know, the saying like, never wrestle with the pig because you get dirty and the pig loves the mud, that whole thing went, because one thing we haven't discussed is when Trump gets dirty.
All right, Ron Sanctimonious.
There he is.
You know, he would be nothing without me.
We got to wrap up.
What does DeSantis do when Trump gets really dirty?
I don't think he's going to go there.
You don't think Trump's going to go there?
I don't think DeSantis is going to go there.
I think DeSantis is wiser than Rubio.
There's a reason Rubio is just a senator.
He's not going to play that card.
And I think Rubio is one of the best speakers that we have.
He makes a lot of good points, and I think he's a valuable voice, but he's not DeSantis.
DeSantis is superior in that area.
I don't think he's going to fall for the trap.
I think DeSantis is very, very, very sharp.
Very sharp.
Like, very sharp.
He ain't going to fall for it.
And he's going to just go here.
He's going to go here.
He's going to go here.
And you and I are going to sit there and we're going to watch and say, man, that guy took that many shots at him.
All you've done is give that man respect back.
I have to respect you.
I think that's the moment we're all going to have at one point.
I think before that debate with Trump, he's going to be reading a lot of Marcus Aurelius Stoic.
Oh, both of them need COVID.
They need the right people.
Anyways, they need the right people in their ears.
But at least it's going to be, yo, we have like a prize fight that's coming in like a year.
And just get ready for the fireworks.
It's coming.
It's going to be great.
Anyways, this was a great show today.
Very good show.
Two hours felt like five minutes.
We had a great time.
We learned a lot.
We're doing another podcast.
Rob, what's our next thing?
Are we doing a podcast tomorrow or the next day?
Was it Thursday?
Thursday and then Friday.
Do we have Thursday and Friday?
And we have special guests this week, right?
We got Thursday and Friday.
It's going to be fun.
Have a wonderful day today.
If you didn't get a chance to watch the Neil deGrasse Tyson podcast, go watch it.
If you don't find it for whatever reason on YouTube, you'll find it on Valitamin and you can find it on Spotify.
But go watch the whole thing.
Then tweet me and tell me what your biggest takeaway from that podcast with Neil deGrasse Tyson was.
