Today on the PBD Podcast, Patrick Bet-David, Adam Sosnick, Tom Ellsworth, Vincent Oshana, and K'von will discuss a wide variety of political and economic current events.
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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.
Yo, so today, my day started off with doing this Blue Cube cold plunge in a morning.
Let me tell you, I'm wide awake.
I first went in.
I got a video, but I'll post it later on.
It's embarrassing.
Some of it's embarrassing.
I'm probably having to post the embarrassing part as well where I'm shaking.
You have to.
First, I went in with my feet.
I said, there's no way.
Then I went in for like a few seconds, jumped out.
Then I went in for 45 seconds.
And the last one was a minute or two.
And then when I get home today, I'm going to try to do it for two minutes, but it felt unfreaking believable.
Shout out to the guys at Blue Cube.
I'll post it.
You'll see what it is.
I'm on fire.
I have a question for you.
So you're usually awake in the morning.
You come in and going sleepy.
You know what I'm saying?
So what's the difference between this icy PBD?
Just think about like putting an ice pack on your back after a workout.
But imagine putting an ice pack on your entire body.
You're in the ice for a minute.
It felt amazing.
Now, what happened, Lobep?
Because...
Because now you're drinking ice water, which is like not a complete change.
He's becoming one with the ice cream.
Yeah, we have great topics to discuss.
I know you were hardcore into Tucker's recent show he did with the gentleman Larry Sinclair who claims he smoked crack and they had gay sex, whatever, years ago.
That's what his claim is.
Now, obviously, you may do the investigation.
I did some people have lost their minds, one on that side, on the left, on the right.
And the middle, there's a group of people that could care less about it, but we'll kind of touch it a little bit.
We'll touch it a little bit.
No point.
Yeah, no point at all.
We got some economy stuff to talk about.
Spotify.
Something crazy happened with Spotify, Tom.
Something funny happened with Spotify.
Spotify spent a billion dollars into podcasts of famous people, Obamas, Kardashians, and what do you call it?
Bruce Brinksman, Prince Harry, Mark.
Prince Harry and Mary, whatever.
They killed it, I want to say.
They did all that.
And they canceled all of it.
My bad.
They canceled all of it.
And you'll find out how much money they lost and what their thoughts are on this.
How many billions did you spend on this podcast?
We didn't spend billions, but this is a billion-dollar podcast.
Saudi Arabia, man sentenced to death for tweets.
We'll talk about that.
The U.S. government, folks, be careful what you're wearing right now.
The U.S. government is investing $22 million into developing surveillance clothing that includes shirts, pants, and underwear.
They want to see everything, right?
Yelama's dad said he's worried that Tesla, CEO, may be assassinated, following a report about his influence on government decisions.
We'll see about that.
And then we got half of the CDC workers ready for this.
More than half of CDC staff leave to work for big pharma study fence.
Anyone surprised?
I'm shocked.
In China, in China, there's a county that offers couples to get married before the age of 25.
They want you making babies.
That's what they want you to do in China.
Small towns in America are disbanding police forces.
The Immortals meet the billionaires, forking out for eternal life.
Wait till you hear this story.
And then a New York Times story.
This is not a New York Post story.
This is a New York Times story, which we're probably going to get to first.
Americans are losing faith in the value of college.
Whose fault is that?
Then we got a bunch of other stories.
What happened with Proud Boys going 22 years?
But Liberty Safe.
If you own a safe in your house, this is definitely not a sponsorship.
Liberty Safe could possibly be the next Bud Light.
When you find out what these guys did with FBI, maybe one of the biggest, maybe bigger than Bud Light.
It has to be bigger than Bud Light.
Screw up on what you're doing.
Your whole idea is about making sure we feel safe, and you're giving that to the FBI.
What?
And then last night, some story came out with Reuters.
We'll cover.
Apple stock is down 4%.
If you haven't already looked, our guys in the back were not too happy about the fact when I announced this.
China is making an announcement to no longer wanting to use the iPhone.
They have just imposed an immediate ban on all Apple devices by government officials.
I don't know if this is because Tim Cook is taking the business out to India or not, but we'll cover that as well.
Congress returns with clock ticking to avert government shutdown, fund U.S. disaster.
Then Messi Drives Jump in Apple TV and MLS subscription, another bad news for cable TV.
And we've got a few other stories that maybe we'll get into as well.
Anyways, but before we do that, we have a friend here with us, the latest talent we signed, comedian, the phenomenal Kayvon.
If you haven't seen his stuff, I've watched his stuff over the years.
Funny as hell.
We started talking, I want to say two years ago was the first time we communicated.
2018, I looked it up.
Shit, five years ago.
I've been on Pat's case for a while.
Five years ago.
And I said, dude, what do we got to do about this?
And so now he's here with us in South Florida.
Kayvon, if you don't mind, take 30 seconds to a minute, just kind of give everybody your background.
Well, absolutely.
I have been doing stand-up comedy for the last 12, 15 years.
I know Vinny very well.
And when he moved out here, I said, man, you beat me to it.
I was trying to get here first.
Vinny's always first to market with this stuff.
But I'm the most famous half-Persian comedian in the world.
Luckily, there's only one other one.
So as long as I stay here, I'll be okay.
And I just love making people laugh.
I linked up with Turning Point USA at one point.
And we believe in freedom of speech and doing stand-up comedy.
And PBD believes in these values as well.
So this is just a great partnership.
I think it's going to go real far.
Awesome.
Well, it's good to have you here, Kayvon.
Let's get into our first story, okay?
Americans are losing faith in the value of college.
Whose fault is that?
Mr. Ellsworth.
Let me read the story.
Okay.
Tom's fault.
A decade ago, a survey showed strong support for college with 86% of college graduates seeing it as a good investment.
But today, only about a third of Americans have a lot of confidence in higher education.
And just about 41% of young adults view a college degree as very important.
That's only 41%.
The rising cost of college has played a significant role in the shift with tuition fees nearly doubling for four-year private college since 1992.
Total student debt has surged from $500 billion in 2007 to $1.6 trillion.
That's just in 16 years.
It's tripled, leading to financial burdens and hindering wealth accumulation for many graduates.
And by the way, you can't even file a bankruptcy on your college debt.
You have to pay it.
You don't have a choice.
The decline in faith in higher education is also politically driven as Republican sentiment has sharply dropped.
In 2015, 58% of Republicans believe colleges had a negative impact in the country compared to 37% in 2015.
So anyways, we're going to see what's going to happen here.
Tom, your thoughts on the story.
Well, there are three angles to the story.
One, is college useful?
Number two, is it worth the price?
And number three, are there other things happening like indoctrination that parents are upset about?
The first one, usefulness.
Two studies I found said that last year it dipped under 50% of college graduates got a job related to what they just studied and paid for.
So only 50%.
So, you know, you have parents that are so shocked at home.
Wait a minute, you're telling me European art history.
You've been unable to find a job in European art history here in the United States.
That's the whole point.
Liberal arts educations in the esoteric majors are not useful.
So only half people are finding jobs in what they just studied.
Then they look at the return on investment.
I walk out with student loans and I find a job in what I just studied, marketing business, but they look at the price and how long it's going to take them to pay for it, minus whatever minor academic scholarships or need-based scholarships or whatever they got.
There's still a net there.
It's like, now I got to pay this off.
And then the last one were parents who are footing the bill.
for the people I just mentioned, if they don't get student loans, are saying, wait a minute, you, you know, remember the old thing about the weather that March comes in like a lamb, goes out like a lion.
You know, there's that old joke about the weather.
Well, parents are like, my kid goes in like a moderate and comes out like a Marxist.
And it's like, I don't like this.
And so that's the three things.
Is it useful?
Is it worth the money and the indoctrination?
And people have had it.
Students have had it.
Parents have had it.
And then later on, when a student becomes an adult and they're paying for it, they've had it.
So can I challenge you?
So for you, even though you're saying that, you're still encouraging your kids to go to college.
Why is that?
Okay, let's rewind.
Number one, I've saved my pennies.
I don't think it's worth it, but my kids are going to come out without significant burdens.
So they don't have to get held back if they start their career.
But the second is you and I have had a conversation about this.
I will fund STEM business or pre-med, pre-law.
And there's a whole list of things you can do in life.
I'm willing to fund that because I want to be at the top part of the 50% that have a degree that's actually usable.
And so, but I'm on the fence.
If I was probably 10 years older, I might take a son or daughter and put them in an apprenticeship with me and really think twice on this because I see where this is going in 10 years down the road.
I don't know if that Tom Ellsworth would make this decision.
I agree with Tom that it's multifaceted because it's not one size fits all.
So on one hand, you're also almost saying like, it's not worth it.
The ROI isn't there.
But at the same time, you're encouraging your daughters to go because why?
There's a plan for them.
The biggest problem that I have with colleges is most people, kids are 18 years old and they're about to make the biggest decision of their life and they are just not equipped to make that decision.
They don't have the money.
College debt is ridiculous.
You know how long it takes the average student debt recipient to pay back their loans?
20 years.
It takes a long freaking time.
So on one hand, if you look at the stats going backwards, times have changed.
Internet, technology, dropshipping, social media, everything.
Entrepreneurship is now a buzzword.
It used to be a new word.
High school students, high school graduates would make $1 million over their lifetime if you graduated high school.
College degrees would equivocate to $2 million.
MBA is $3 million.
But the times have changed.
It's just not what it used to be.
And then here's the last point.
I actually think that most kids, unless you're, you know, an Ellsworth daughter and you have a game plan and you're not taking on debt, you're not basically driving up the price of everything in the rest of your life.
I think that there should be, I don't want to say a mandate, but encouragement for most kids to take a gap year.
I think that there is a lack of national pride.
I think there's a lack of national servitude.
I think there's a lack of community service.
And I would encourage most kids, if you do not have a game plan for your life, go take one year, go to AmeriCorps, go do an internship, go give back to your country.
I like that.
Learn something.
Whether it's in healthcare, whether it's in tech, whether it's in anything, entrepreneurship.
And there's only one thing that you have to do if you're going to do this.
Every morning, every employee or every intern, whatever it is, there's only one thing.
You have to do the Pledge of Allegiance.
That's the only thing.
And they will basically pay for you and do whatever you need to do.
And then you can take that year to figure out the game plan for the rest of your life.
Adon's waving his hand, but you also, in Israel, you're compelled to have two years of gas.
You have to go two years in the army.
Yeah, you have to.
That's gangster.
So, bottom line is this: at 18, you don't need to make the biggest decision for the rest of your life and then just drown yourself in debt.
It's okay to start college when you're 19.
It's okay to start college when you're 20.
You don't have to make this decision when you're 18.
And for the parents out there, get the message for your kids.
Well, let me just add one thing.
They sued Trump University because people weren't getting what they thought they were going to get out of it.
No problem.
What is the difference when colleges keep hiking up their rates and then they just go, well, Joe Biden will pay that off.
We want student debt relief.
Why can't we have a class action lawsuit and say, hey, you're providing these degrees?
They're not going anywhere.
Somebody owes it back.
And I think it's the institutions and not the taxpayer.
That's actually a very good point as well.
You know, for me, I will tell you, for you and I, going in the military was life-changing.
I think if a boy that's becoming a man doesn't yet have a set of direction of what they want to do with their lives, and you're not a, what do you call it?
You're not a person that's maybe got a 4.1 GPA, maybe you got like a 2.2 GPA.
Military may not be a bad option for you.
Pat, it made me, excuse me, my father, you know, I mean, he was there.
They were not divorced.
He was in the house, but drank and never really wasn't the father that I needed, right?
So the military discipline, you know, being on time, cleaning, it makes you like being that experienced.
I'm not only a patriot, my life, my gold, making my bed, it regiments you to where you're on point, especially somebody that had a father that didn't have, you know, I mean, didn't have somebody.
Benny, I'm sorry to hear about your daddy issues.
I know a lot of girls with those issues, but I know that, you know, I'm going to cry after that.
Okay, I know you're going to be okay.
But I will say there is a difference between what men and women do for working after college.
You have no idea how many girls that I have on my show.
I've had this conversation a million times.
They go to college, they graduate, and what do they do?
They become bartenders or they become servers or they start doing OnlyFans.
Some even start stripping and they're like, why?
Why do you do this?
Because you make more money.
It's like, well, then why did you spend all that money on college?
And then Tom hit the nail on the head.
Unless guys out there specifically are going into STEM, STEM stands for not STEM cell, STEM, science, tech, engineering, math.
That's a male-dominated career path.
So men need to make that decision.
But it's crazy to me that you go to college, you spend all this money, you take on debt, and then OnlyFans, here we come for the ladies.
Yeah, we don't have that option.
But you're sending your kids to college, ideally.
So are you saying, like, I take your message in a couple different ways?
Sure.
One of the ways I take it, I take it as in your ideal world, there needs to be a way, a course in college to how to effectively improve your OnlyFans account.
I'm actually leading the course.
That's what I thought you were saying.
That's exactly what I'm saying.
Professor Sauce.
I'm Professor Sauce.
Hi, ladies.
Strip down.
Let's have a conversation.
Yeah.
No, obviously, you're not saying that.
With my kids, let me tell you what Dylan told me the other day.
I'm like, Dylan, so where are you going to go to college?
I'm not going to college.
Why are you not going to college?
He says, Dad, you know what I'm going to be doing.
Oh, wow.
I said, well, let's just say it doesn't work out, Daddy.
What are you going to be doing?
He says, Dad, I'm not going.
I'm not going to college.
I don't need to go to college.
Look at you.
I'm like, buddy, you got a 4.0 GPA.
All your grades are straight A's.
You're like the best student.
You're doing great stuff with school, with sports, with all this stuff.
I'm not going to go to college yet.
I said, okay, so let's just play this.
What if you get a scholarship from XYZ school to go play football or baseball or whatever with them, right?
Or soccer with them.
What are you going to do?
You're not going to go.
No, because I'm going straight to play for Barcelona.
That's his mindset.
He's so flipping competitive.
But Tico knows from right here.
Hey, you know, dad, I'm going to go to USC.
I would like to go to a school that's not too woke, his words.
I would like to go to a school where I can learn how to become a movie guy, Steven Spielberg, all this stuff.
But he talks a different language than Dylan.
And in our household, we can entertain both thoughts.
Okay, let's go to the next topic here.
Spotify.
A billion-dollar podcast bet turns into a serial dilemma.
This is a Wall Street Journal story.
So they invested the page 20.
They invested $1 billion in podcasts and including high-profile deals with figures like Kim Kardashian, Obama's Prince Harry, and Megan Merkel has not resulted in profitability for most of its shows.
The company lost $565 million in the first half of 2023, despite generating $6.2 billion in revenue.
While the U.S. podcast and industry is growing with expected revenue of $2.3 billion in 2023, Spotify's substantial investment in the medium haven't translated into profitability.
The company faced increased competition.
And exclusive podcasts didn't significantly draw new subscribers away from rivals to meet its profitability goal.
By 2024, Spotify is taking measures such as laying off 200 employees, raising subscription prices, and sharing revenue risk with talent.
This is one thing I will tell you: just because you're famous, just because you're famous in one area, doesn't mean your podcast is going to be great.
Just because you were the greatest in another space, you may be very boring and you don't know how to value tame people.
Obama and Bruce Springston's podcast after you're being canceled, it was boring.
People are like, What am I going to do?
By the way, most people didn't even know Kardashian had a podcast on Spotify.
How many episodes you even filmed, though?
Prince Harry and Megan Merkel, think about it.
Now, here's the thing: Kardashian can do, Kim can do a keeping up with Kardashians in 20 plus years and be successful.
That's a very different world.
That's somebody is telling you what to do.
You're coming up with drama.
There's fights, there's punching, there's cat fights, there's breakups, there's divorces, there's all this stuff.
Obama, you could be a president, you get up, you got a nice teleprompter, you give a nice motivational speech, you can go out there and be a Megan Merkel and Prince Harry and be entitled and be annoying and be arrogant and be blaming your family, destroying a legacy, and just everything that no one with the right character would support want to do and get all these eyeballs, $100 million Netflix, you know, opportunity where now they want money back and not even paying you the rest.
But to be able to carry a podcast like Rogan has, every penny they invested into him, they've made back and more.
There's a few people that know how to play this game.
This isn't for everybody, and fame alone is not enough.
Can I tell you what Megan Markle was doing?
What?
Your podcasts are intriguing because you care about the person you're interviewing.
She was having a sit-in, interview the person, and then she would then go redub the questions on her camera so she was never there in front of the person she was talking to.
Get out of here.
That is exactly what she was doing.
I wonder why it failed.
Well, look, you think for all the people out there, we're talking about famous people.
Let me talk to the people that are trying to think about starting their own podcast or starting their own podcast.
You think this is easy?
You think you just get some microphones and start talking, and voila, you have a million subscribers?
Breaking news.
If it was easy, everyone would do it.
Speaking of everyone would do it, I believe that podcasting is the new dot-com of the 2000s or cryptos of the 2010s or NFTs of two years ago.
And now everyone's jumping on board.
What's the story back in the day when it comes to investing?
It's like buy the rumors, sell the news.
Podcasts are in the news, buddy.
Time to sell.
And you have no idea how many people I speak to.
Like, I'm thinking about starting a podcast.
And I do everything I can to talk them out of it.
I'm like, oh, yeah.
What are you going to do when you're doing it for a year and you have 12 subscribers?
Or you spend four hours doing a video and you get 100 views.
At what point are you going to be like, dude, this ain't worth it?
It ain't worth it out there for most people.
You talked about famous people who have.
But I will say something there just to challenge you a little bit on that.
So it depends on what the outcome is.
Meaning, I think everybody should consider starting a podcast.
Okay.
But what's the outcome?
For example, watch what I'm saying here to you.
Guy calls me, he says, hey, Pat, if you give us a million dollars per year, we'll do a podcast with you.
I'm like, okay, you ever done that before?
No, but I have a lot of juicy stories.
Okay, how many?
One, two?
No, I got 50.
Okay.
But what are you doing it for?
Is it just for money?
I think we can get a lot of money.
We're seeing what's going on with podcasting.
That's a risk.
I had a call with a guy yesterday, a Manek, 15-minute Manek with a guy yesterday, you know, asking me questions.
So he goes to maneu.com and on there, you get 450 Manex.
Bunch of people are asking questions about dating, all this stuff.
You get Manex.
People want to ask you about comedy, all these things.
They do Manek with you all the time on business advice, raising money.
And Rob, if you can put the link below to Manek to go download the app, it's available on Google and Apple and all over the place.
Anyways, so he asked me a question.
He says, hey, Pat, you know, what I want to do is I got this podcast and I've been doing plumbing for this many years.
And we're blowing up and the plumbing business and the construction business.
We're selling companies for $200 million.
We're doing successful, super successful guy.
But I'm willing to bring my podcast to you.
So I'm like, really, what's the name of your podcast?
I go online, 29 views.
26 views.
Great.
32 views.
For a million dollars.
For a million pods.
No, no.
But the way he said it, like, I'm willing to bring the podcast to you.
Like, you should be lucky.
That's the wrong approach.
Why is that the wrong approach?
Your first thing you got to do, do it because you want to do it.
Number two, don't do it because you want to make money because it's very hard.
If you do it just because you want to make money, it's going to take a lot of years for you to make money with it.
But do it because you want to do it.
Even if it's once a month, you start with once a week.
You do something like that.
Then once you have a proof of concept that you're winning out there, then we'll find you.
Like when Vinny first reached out to me, I'm like, remember one time I was sitting there showing you Vinny videos way before Vinny.
It was the baseball one.
Yeah, I'm showing Vinny videos.
I'm like, this freaking guy is so funny.
It wasn't baseball.
It was, yeah, so we're going to go out there to Vinny DeLucci.
So, hey, what's going on out there?
And I'm like, who is this?
The mafia stuff, right?
Kayvon, I watch Kayvon's videos on the skits he's doing.
And, you know, I come back from Harvard.
I'm like, Tom, you got to start doing a show for a case study.
We didn't do it because Tom's going to make money.
I talked to him like, dude, you got to get on camera.
I don't know what you're going to be doing, but you got to do something.
You didn't want to do any of this stuff.
2016.
That was in 2016.
But that's the right way to get into it because there's a love of the game.
If you got love of the game, you're going to, some people, and by the way, online, they're freaking brutal.
They'll tell you, what an idiot.
Oh, he's so full of himself.
Oh, look at you.
He thinks he's funny.
Look how ugly he is.
Look at his this.
Look at it.
They're not going to hold back of making fun of you.
So for me, I say, do it if you're doing it for the right reasons.
Don't do it if you want to get rich.
I will say this just to kind of counterbalance what you're saying.
Well, number one, nobody makes mean comments online.
Everyone's the nicest.
Especially to you.
I'm pretty sure Robinson.
Thank you guys.
People love you, Adam.
You know, you talk about, all right, you want to get a podcast?
You want to tell your story?
Yeah.
You know who cares about your story guy who wants to start a podcast?
Nobody.
Nobody gives a shit.
Nobody cares about you.
Nobody wants to hear your story unless you're providing value to them.
If you're doing it because you actually want to make a difference, because you actually want to give back, because you have empathy and authority, that's a big difference.
I didn't start podcasting until I made my money.
And I was like, yeah, I'll do this.
And I'm not doing this for money.
I'm doing this because I made my money.
And now there's something more that I want to do with my life and give back.
So if you're doing this because you think you want to start a career, you're doing it the other way around.
Make your money, have some authority, do something in business, do something in life.
Great counsel.
Have a comedic background.
Make a name for yourself and then start podcasting.
Tom.
You know, there's actually a story behind the story here on Spotify.
And for those of you that have a business, they actually did two things I think were correct, but they made mistakes along the way.
First thing is they go public in 2018, largely a music play.
But they had real good success with Premium.
I paid for Spotify Premium.
I thought it gave me more than Apple and Pandora and good variety and everything.
And after they went public, they decided, you know what?
Music is a red ocean.
And anytime Apple could move the price per song down to 52 cents.
So we want to strategically do something.
Look, podcasts are coming.
Let's own it.
Rob, which stock is this?
I can't tell you because Spotify stocks.
Oh, Spotify on time.
And go to Max on that.
We'll get to that in a second.
If you would, please.
They take their money and they go out and they overpay.
They pay $235 for Megaphone, $140 for Anchor so that they bought these services so that they could serve and launch and syndicate podcasts.
And then they did one thing right on talent, one thing wrong.
You never, overpay on exclusivity for an unproven talent.
Never.
So when they went out and got Rogan, smart, he already had a subscriber device.
He was already blown up on YouTube.
He was what's called a free agent and they were what's called the Yankees.
And they can make the check.
Same thing for Bill Simmons.
You don't have to like Bill Simmons.
He's a little liberal, but he had the ringer.
They went out and bought him.
Later, 2021, they went out and bought Call Her Daddy out of free agency off of Barstool.
But then they do these things thinking that, you know, Kim, you know, Megan and Harry and Obama, completely improven, and you throw money at them for exclusivity.
Exclusive what?
Exclusive what?
You're getting exclusive what?
You're getting exclusive rookie.
That's not the way to do it.
And so now they've come back and said, it didn't work.
We're redoing the contracts.
We're cutting programming.
And if you go take a look there over the last month and a half, the stock market, what did I say about layoffs?
The market loves layoffs when they're truthful and it turns it into EBITDA.
And take a look.
They're bouncing back up.
However, the interesting thing here, Spotify, since they've gone out in 2018, they are 8% more valuable than when they went out.
And Pat, take a look at this.
They go up in the top of 2021.
That was music.
And then they came down when they were suffering red ink losses because of all the stuff they did on podcasts.
You see that?
And now they say, you know what?
We're going to get out of the podcast game.
Let me ask you a question.
When was it when they were trying to cancel Rogan?
Can you pull up the dates on when they try to cancel Rogan?
It was 21, 22.
Okay, so I'm curious to know.
2020 was the buying spree on all these talent.
No, no, I get the buying spree, but when was it when they were trying to cancel him?
So that's February 2022.
When did people say we're going to remove our music and all that stuff?
Is that around that time?
It was about a year ago.
Okay, go back to the stock.
Yeah, let's go.
Go back to the stock.
So if you go 20, February, no, it was already going down.
So that's got nothing to do with it.
Can I comment on this graph right here?
I think this graph is sort of synonymous with any tech savvy company.
During COVID, everyone's isolated, social distancing.
They're on their phones.
They're in their homes.
Everything blows up.
I mean, Zoom stock, I think, would look exactly like this, if not even worse.
Compare.
Higher.
It's a higher peak.
Exactly.
But so it's just, you talk about fake success.
A lot of fake success happened during COVID.
Big time.
Because the world completely changed.
All the tech stuff, anything that allowed you to do anything, work from anywhere.
Everything was great.
Everything was up.
Is this Zoom right here?
Yeah, that's exactly what's going on.
So your point is common with everything.
So it's not Spotify dropped because of Spotify.
They dropped because it was all tech.
Reversion to the mean.
Everything's going back to where it should be after $600 million losses.
The difference is, which good point.
The difference is Zoom went down.
They stayed down.
Spotify is coming back up because they're making better strategies and better investments.
They've got a bump.
Zoom has not had a bump yet.
So we'll see what happens.
Zoom was like the equivalent of having a huge, massive one-hit song called COVID Love.
And then boom, they never had a hit again.
Okay.
Did you say something?
All right, let's go to the next story, which kind of goes, coincides with this.
Messi drives jump in Apple TV Plus and MLS subscription.
Another Wall Street Journal story.
Lionel Messi's arrival in North America has a profound impact on subscriptions with over 110,000 new U.S. signups for MLS season pass on the day of its Inner Miami debut, a leap of the prior days 6143.
So they went from 6,143 people signing up to 110,000 people signing up in one day.
By the way, that's nearly 20X.
Okay, Apple TV's experienced substantial growth in subscriptions in July, making the strongest month for new customers in 2023, driven by Messi's presence.
Apple CEO Tim Cook acknowledged the positive influence of Messi's move to Inner Miami under subscriber numbers.
Apple's $2.5 billion deal with MLS granting exclusive streaming rights globally has proven successful, even with a smaller subscriber base compared to rivals like Netflix.
Tom.
Well, here you go.
Messi was a proven, proven commodity.
Comes over to the U.S. market.
Apple TV says, we're going to foreground this.
We're going to make the MLS season pass.
And that's going to, and by the way, tell me if you've heard this story before.
Apple TV wants to drive subscriptions to Apple TV so it creates an exclusive relationship with the sport.
Now, what do we know about sport?
Every year you want to watch.
It's not like, oh, I got tired of that series.
It kind of got burnt out of me.
You know, Game of Thrones finally burned out.
There's nothing new.
No, sport is your team.
Every year, there's a new opportunity, a new dream, a new champion.
And you have that.
It's the same thing DirecTV did with Sunday Ticket.
Remember?
Direct TV was the only place you could get all the NFL games and they owned that market.
Apple's done the same thing here.
It's incredibly smart.
And Messi was incredibly smart in this contract to say, hey, you know this thing called upside?
Yeah, I want a piece of that.
You know, you know, it's crazy.
There's three things that's keeping cable in business.
One is old people, two is big pharma, and three is sports.
Watch this.
Old people, you got a decade or two with them, if you're lucky.
Sports, they're about to be picked up by all these other streaming companies that are picking them up.
Three, cable TV is one president away for making big pharma illegal advertising in America from all cable TV being done.
And by the way, all it takes is one bold, crazy president to do what?
To do something that's never been done before?
No.
You got 200 countries worldwide, 195 to allow big pharma to advertise.
We know the two.
We've talked about them plenty of times, New Zealand and U.S. If America, if a president in America chooses to do so, you're just going to be another one.
You know, only other countries, New Zealand.
In what space does the world follow New Zealand's pace?
No, nothing.
If New Zealand wants to do it, go for it.
So streaming is not making it easy for these guys, especially if these sports guys are going there and they're getting results.
Can I say something about Messi?
Has anyone had a better year than Lionel Messi?
I was just going to say that.
World Cup step champion, winner has the opportunity to go to Saudi Arabia for what?
$400 million a year and says, nah, I'm going to bet on myself.
Wow.
I'm going to take the upside with this Apple deal.
I'm going to move to the best city in the world, Miami, Florida.
Yeah.
Shout out to Mayor Suarez.
The best neighborhoods.
Here in Florida.
Best neighborhoods.
But this is called betting on yourself.
And you hit the nail on the head, Tom.
He was a free agent.
He'd already proven himself.
He was the Joe Rogan of Food Ball.
And look at him now, baby.
And he's dominating the MLS right now.
They're the hottest team on the planet now.
You got David Beckham there.
You got LeBron there.
Everyone's going to the games.
Dave Gruntman, everyone.
It's the greatest show on turf at this moment.
And one parting shout on the business side, Pat, is sports does well because nobody fast forwards to the ads.
Everybody watches live and you end up watching the ads.
Whereas it's a proven fact that only about a quarter of Americans watch the ads if they're watching something else.
What a great point.
They usually fast forward through.
Especially if they're watching later and they're binge watching.
I only have one friend that would watch reruns and he would tell everybody, don't tell me any of the score of what happened.
Steve would watch.
No, no, he would watch the Miami Heat Games later on when he would come home.
He would watch it on his pace, record it, not live.
He liked to watch the games and no one, none of his friends could tell him what the results were.
So people would piss him off the results of the score.
So what a lost amount of time.
It's real hard to do at this point.
Yeah.
So anyway, so that's that part.
Next story I want to get to is top Fed officials signals interest rates to stay on hold at September meeting.
This is a financial time story.
Vinny, I'm going to come to you on this one.
Finally, sitting here waiting for the number of people.
Christopher Waller, a Federal Reserve official, suggested that the central bank is likely to keep its benchmark interest rate unchanged at the upcoming September meeting, citing recent economic data as not warranting imminent monetary tightening.
Waller emphasized there's nothing that is saying we need to do anything imminent anytime soon.
Waller's remarks echoed Federal Reserve Chair Jay Powell stands at Jackson Hole, Wyoming, symposium emphasizing a data-driven approach.
Recent labor market reports indicated a slow, slowing demand for workers in the U.S., prompting the Fed to closely amounted to inflation indicators.
Despite improvements in inflation data, Waller remained cautious, emphasizing the importance of sustained trends rather than isolated reports.
Tom.
Yeah, so the Fed's going to get together September 19th and 20th, but Jay Powell will not be going upstairs to pound the cheerleader.
She's going to get a break.
She's going to raise rates.
Jesus.
It's not going to happen.
However, on Halloween, Jerome Powell is going to dress as somebody, and they're going upstairs.
And unless some of these soft economic things that we're seeing, we're probably going to get a quarter point increase on October 31st.
And there's a lot of people, including me, analysts, that believe that will be our last increase.
And then we've got to get through the winter, see how Black Friday and fourth quarter goes and everything like that.
But hoping, I'm hoping there's none on October 31st.
But it looks like with the softness, we'll probably get a quarter point.
But nothing in the next two weeks, which is a good thing.
When will be the first decrease?
I think the first decrease, I'm with the consensus on this.
February.
The bigger banks is probably April, right at the beginning of the second quarter, is that you get a quarter point back.
But here's what it needs, and it's kind of bad.
What it needs is softer consumer spending so it doesn't drive inflation prices, and it needs a little bit of softness in the labor market.
So some layoffs, and we're seeing some of those.
We need a little bit more softness in the labor market to keep wages down.
How much of what Amazon does on Black Friday and holiday season is going to kind of tell us where consumer spending is and how it's going to dictate interest rates?
Well, I happen to be very interested in how the hell the U.S. consumer is going to make Black Friday crazy when they've now drove their consumer credit cards up to $1 trillion.
How do they go nuts on Black Friday this year if 30 days ago, consumer credit hit the largest total credit balance of all time?
Yeah, I was just going to go there.
If you follow the math.
So let's just follow some of the numbers here for a second.
So the Fed funds rate, right, is what, 5.25, 5.5%, right?
So that's the rate at which the Fed lends money to or gives money to the banks.
And then the prime rate, which is the number that banks will use to basically disperse money to the regular people, is usually around 3% higher than the Fed funds rate.
So basically, you're talking Fed fund rate, 5.2%, 5.5% to the prime rate, which you would receive or businesses would receive at about 8.5%.
There's your mortgages.
Okay, they're your mortgages, exactly.
But you brought up the best point.
The average person out there.
You talked about that credit card debt just passed a trillion dollars.
Student debt's already done it.
Auto loans are already there.
Mortgages are already $10 trillion, whatever the number is over there.
But speaking of credit card debt, you know, the prime rate being 8.5%, do you know the average credit card rate in America today?
The average, take a guess.
24?
19.5.
19.9%, 20%.
Highest of all time was 17% last year.
So they're breaking records.
These are not the type of records that you want to be breaking if you're an average consumer.
So it's very important.
Just pay attention to the interest rates.
There it is right there.
20.9, 21%.
If you just want to round up.
Okay, listen, if you're trying to make money investing, a good, decent rate of return would be what?
10%?
10%.
That's what the stock market pays over time.
You're losing money going the opposite way when you're trying to go this way.
It's disastrous and it's killing your wealth.
Guys, listen, because I don't want to show off patent and get into all the finance stuff, but everything that you and Tom said, I concur.
So that's great.
Thank you for that.
My constituents are 100%.
I just appreciate that.
Do you know the cap on credit card debt?
What, like the highest they can charge you?
Do you know what it is?
No clue.
30%.
That's like, that's all that they're allowed to.
So right now you used to be hired.
Let's start a credit card company here.
Well, that's a big business to get into, but what they're starting to do is the level of regulation and scrutiny right now with Visa, MasterCard, the world they're dealing with, it's not what it used to be.
Because a lot of guys see these numbers and they're like, let's go into the credit card business.
It's not what you think it is.
There used to be a lot of money in it years ago.
The kind of regulations hurt them a little bit.
It's still profitable, but it takes a lot more to get into it.
But Rob, can you do me a favor, pull up the Liberty Safe story?
Pull up the Liberty Safe story on what just happened.
By the way, very weird story, guys, on what happened with Liberty Safe.
Can you just go pull up what Liberty Safe is?
Some people have a Liberty Safe and they don't, maybe you don't know what Liberty Safe is.
Once you see it, go to images.
Just go to images.
It's not that song.
Liberty, Liberty.
No, that's not a different thing.
So that's a Liberty Safe.
Go to their logo.
Okay.
Like, I have a Liberty Safe.
Is that the one you have?
I have one of them.
I have a Liberty Safe and I have the, but I have a Liberty Safe.
Okay.
Not so safe.
Yeah.
So watch this.
Now go to the story.
What happened?
Credible story.
Been around for a long time.
A lot of people who are gun owners trust what Liberty Safe is.
You know, their history goes years back on what they've done, et cetera, et cetera.
I can say a bunch of things about these guys.
However, story comes out.
Gun maker, GunSafe maker facing backlash for giving FBI access to customers safe without court order.
What?
Liberty Safe and Security Products, the popular manufacturer of Gun Safes, is facing heavy criticism for helping the FBI carry out a raid last week on a man who allegedly participated in January 6th Capital Riot, the company which advertises itself as America's number one heavy duty, no longer home and gun safe manufacturer.
It's about to change.
Admitted on Wednesday to turning over the defendants' private access codes to feds without a court order, prompting backlash and raising questions about why Liberty Safe even had the codes in the first place on August 30th.
Agents from the Federal Bureau of Investigation, FBI, raided and arrested 34-year-old Arkansas resident, Nathan Hughes, in connection with the Capitol Riot on January 6, 2021.
Was served with an arrest warrant charging him with a felony civil disorder offense on a misdemeanor participation in the two and a half years since the so-called insurrection.
The FBI has arrested over 700 people, et cetera, et cetera.
By the way, when you think about this, go a little lower, Rob, if you can't go a little lower.
What do Hodg Twins say there?
I want to say that.
That's a friend.
You know that, Pat.
That's a friend.
Okay.
So, so watch this.
This is a very big deal, by the way.
Do you remember what happened at San Bernardino shooting?
Yes.
Okay.
Yes.
So who was the president back then?
That was Obama.
Obama was president.
Who did he, allegedly, and his camp call to get the to break the code to the iPhone?
Tim Tim Cook.
Tim, what did Tim Cook said?
Go to hell.
Go to hell.
Nope.
Now, let's get this straight.
Tim Cook was the first openly gay CEO of a Fortune 500 company in the world to come out and say, I'm gay, I'm a CEO, and I'm taking Apple from $100 billion to a $3 trillion company.
Liberty Safe.
If you were to guess which side of the aisle you think politically most of their customers are going to be, what would you guess they are?
I would say Republicans.
What percentage would you say they're on the right?
85%.
Okay, let's say 75 plus percent is on the right.
What the hell are you thinking?
It's a big.
What are you thinking?
So now, what do you think a customer is going to look at Liberty Safe and say, what's my alternative?
Aren't these guys the guys that give up the code to other people?
Aren't these guys the guys that give up the code to everybody?
Isn't this the guy that, wait, free enterprise, free market companies going to help the government?
So you're going to work together to get my access?
Yeah, I'm sorry.
I'm not okay with this.
What do you think if I want to hear a story like that?
It's horrible because think about it.
You're paying for this service and you're paying for the privacy.
And mind you, besides the fact that the Pride Boy situation, that's something that we're going to get into later.
It's like, I don't care what the situation is, getting into that.
There's a contract that you sign when you buy this type of stuff.
And Pat, I don't know if you guys know this or not.
Last night, they came out with a response, Liberty Safe, Rob.
I sent you the photos if you want to put that up.
They said, we listened to our brother because they know the Bud Light situation is about to happen.
They just tucked it.
Yeah, we listened to our customers and updated our products and practices in response to the evolving needs.
Today, we are announcing a change that empowers our customers with the greater control.
Exactly, too late.
To information, effective immediately.
Existing customers can visit the libertysafe.com pages, combination removal, and fill out.
You have to do the work.
Fill out a form to have records of their access codes expunged in the coming weeks and be releasing the feature that gives every new customer this option when registering their safe.
So basically, Pat, they know they're messing up and they're going backwards.
But listen, like you just said, it's too late.
And here's the other thing.
They're saying it's an insurrection.
They had to go into the guy's safe.
If he brought those weapons to the Capitol, then I'd say put him in jail.
But you're going in his safe, getting his code.
Obviously, it wasn't out in the open.
I don't see that.
Yeah, no, it's these guys were founded in 1988.
Rob, if you can go to their Wikipedia, Liberty Safe began operations out of a single storage unit over the past 30 years.
The company has grown from a small facility to 205,000 square foot facility in Utah and can produce more than 500 safes a day as of 2018.
They claim to have sold 2 million safes during the first 30 years.
The company employs 350 people.
Founder's name is Jack Crosby.
I don't even know if Jack Crosby is still running the company or not, but this is a massive, just so you know, Liberty Safe.
It may take you years before you gain the trust back of people out there.
What's the name of the CEO?
That's what I said, Jack Crosby.
No, no, no.
Two lines down.
Oh, hang on.
The CEO.
The key people.
Joe Fail.
Well, they did.
Failed safe.
Failed safe.
Isn't ironic at him?
The word safe, like you're a safe company.
Now nobody's going to feel safe, especially when you're giving the FBI access to your company.
We have something from their marketing group that says, in response to the controversy, we are changing our name to Tyranny Unsafe.
And our slogan will be, when you need to protect your guns, most of the time.
Nice.
At least there'll be honestly, I just have a question.
Maybe just to play devil's advocate for a second.
Yeah.
So, how does this work?
Is there a search warrant involved?
At what point did they have to open up the safe?
I'm just wondering.
I'm sure they weren't like excited to do this.
Apple was not charged.
They held their ground and said, We are not going to give you.
We are not giving this up.
And good thing about Adam, regardless of the situation, Proud Boys or whatever, we're talking about insurrection, right?
Nobody was shot.
The only person that was shot and killed was a United States military female veteran.
So I don't know what he has in there.
The map and the diagram of the capital.
It's ridiculous.
And I'm happy that they're being exposed.
And yeah, Pat, I agree.
That's going to take them a long time.
By the way, you have that big safe.
Pat, you have a safe size of you.
It's a Liberty safe.
It's a massive Liberty Safe.
Didn't something happen with the safe?
We couldn't open it.
No, no.
Of course.
Yeah, but Browning.
So just so you know, Browning.
Browning Safe is a competitor of theirs.
And there's a couple other ones.
Fort Knox is another one.
Browning Safe is one of them.
Browning has been around for 145 years since 1878.
And what's so funny is they're also out of Utah.
So both companies are out of Utah, Browning and Liberty Safe.
So if we go to Fort Knox, go look to see how long Fort Knox has been around.
I would invest in them today, Pat.
Like, think about it.
I would invest in them, and I would put a promo for if I was them right now, I'd be like, hey, guys, guess what?
You want your stuff safe?
Come to Browning Safe.
Yeah, Browning.
So, but what's the Fort Knox safe?
Can you look at their history on how long they've been around?
At this point, I'm actually really curious to know how long they've been around gun safes.
What is the year?
If you do have it, Rob, pop, pop, pop, pop, let me see this.
Is it shown on their website on what it is?
If you go to About Us.
Anyways, 1892.
1890.
1982.
So Browning is in the 1800s.
Fort Knox is 1982.
This other one is also in the 80s.
Liberty Safe.
Big Miss.
This is big miss.
I mean, look, is it going to make you think twice?
You go to the store to buy safe.
You see Liberty Safe.
You see Browning.
You see Fort Knox.
Who are you going to buy?
Not Liberty.
How about that?
Yeah, whatever you are.
Liberty.
Does it change your influence, Tom?
You're a gun owner.
It completely changes my influence because I look at it this way.
I'm thinking two steps ahead.
You know, your next five moves.
Yeah.
I have a thing called your next five thoughts.
I'm like, what if they have a rogue employee that's just go get my access code and get my address off the warranty card and come over and steal my shit?
That's the point.
Yeah, this is a hack that they're carrying these codes.
That doesn't make me feel good.
You know what it does to it gives you so much more respect for Tim when Tim Cook didn't give anything to Obida.
I agree.
I agree.
It gives so much more respect for Tim Cook.
And by the way, this leads me into what's going on with China, what China announced with Apple.
If you can pull this up, Rob, China has just imposed an immediate ban on all Apple devices by government officials.
Apple's the largest company in the world, and 96% of their products are manufactured in China.
Let me say this again: 96% of their products are manufactured in China.
If you go to read the story against the backdrop, the tensions between Beijing and Washington, the extension of a ban in post-war more than two years ago, signaling growing challenges in the U.S., which relies heavily on China for revenue growth and manufacturing, staff in the three ministries and government bodies were told not to use iPhone at work, said the sources, who declined to be named due to their sensitivity of the situation.
One of the sources said they had not yet been given a deadline to seize their iPhone.
Apple and China State Council Information Office, which handles media queries, on behalf of the government did not immediately respond to requests for a comment.
It was not immediately clear how widely the ban was being enforced with a third source at one of the three ministries saying he still was using an iPhone and had not heard about the restriction.
A fourth source at a Chinese regulatory body said they had not been explicitly banned, but were told they would be held responsible should any issue emerge with their use of their iPhone.
And a fifth source said at another regulatory body, said senior staff had two years ago already been required to swap their iPhones for locally made brands such as Huawei Technologies.
What else do we have on their toe?
In 2020, Chinese.
Okay, go a little lower, Rob, to see if there's anything else there.
Can you do me a favor, Bloomberg on turns of report that China planned to broaden the ban?
Okay, Bloomberg on Thursday reported that China planned to broaden the ban to state firms and agencies citing sources.
Let's see what Apple stock is doing based on this announcement.
Did it do anything to Apple stock today?
Go to Apple stock today.
It's down 3.2%.
Okay.
Apple stock is down 3.2%, which 3.2% may not seem like a lot of money, but 3.2% is roughly $3 trillion.
You got 10% would be $300 billion.
3% would be $30 billion loss today.
Pat, what is the reasoning behind why don't you?
Apple lost $30 billion today.
They lost a Snapchat.
Why did I get a hold of it?
They lost a Snapchat today.
Wow, that's hilarious.
They lost the Snapchat.
What do you think is behind not using a phone that's made in that country?
Is it for security?
Are they watching you?
Are you on the internet?
Are you allowed to?
There's a lot of different things going on here.
One, Tim Cook slowly moved 25% of his structure to India, like to manufacturing he wanted to do in India.
And then even Apple ended up having some friction with India.
If you go back and Rob type in Tim Cook, Apple, India, there was some problems there.
You know, manufacturing that they're going back and forth.
And so when you say you're moving gradually some of your business outside of China, China's sitting there saying, wait a minute, decoupling.
All these years, we gave you all this business.
Now you want to move out to a different place.
What are you doing?
But the reality of it is Tim Cook has to do this.
And he has to do it in such a subtle, patient way, knowing if there is a man, a CEO in the world that's walking on eggshells and has been walking on eggshells for the last two years, it's Tim Cook.
Imagine you're a $3 trillion company, all eyes on you, okay?
You're trying to move 96% of your manufacturing is made in China.
After COVID, China showed how much control they had around the world, the control with the chips.
And you're like, hey, guys, if we have to slowly, don't tell anybody, we got to move this out.
How are we going to do this 96% to a different place?
I don't know, but we have to do it and we have to do it slowly.
Break up with a cycle.
By the way, just something crazy to be thinking about.
Do you know the new iPhone is coming out next couple weeks?
Yes.
Do you know how much it's going to be?
I heard it's more than a MacBook Pro.
$2,000?
No, Put the new iPhone price.
You know, right?
Oh, you heard about this, right?
It's going to be the most expensive iPhone ever.
It's going to be the most expensive iPhone ever.
If you can just find out the most recent story, Rob, on how much they're selling it at.
There's stories of it.
Don't go to stores.
Go to stories.
Go to news.
Go to news all the way at the top.
Yeah, it's not showing you anything.
Okay.
What's the average price?
Listen, the stories I've heard is 35% more than it usually is.
That's what I've heard.
I may be wrong, but I've heard it's going to be pretty high.
And I don't know if this has anything to do with that.
Scroll down a little, maybe.
Go a little lower.
A little lower right there.
iPhone 15 will be starting at $7.99.
That's what I heard.
$15,000.
Yo, Pat, you might like.
$215 Pro Max starts at $1,300 and it can go as high as $2,000.
What?
I'd rather get a computer.
You got to get a MacBook thing.
But you have to also realize if Apple is having to move this stuff out, they don't have a choice but to have to raise prices.
So a lot of people want this thing to be made in America.
We can make it in America for three times the price.
You okay with that?
$4,000 phone in your life.
By the way, there's another real quick one here on India.
So not only do they want to move to India so that they can manufacture and they can balance the risk of Chinese manufacture and things like that, like a conservative president putting tariffs and things like that.
So Tim Cook's trying to do that.
But what is Tim Cook's market share today in India?
That's a very good question.
5.1%.
It is 95% Android.
So if you want to keep growing, you have to open new markets and you have to find new consumers.
And there's a big stack of them sitting in India.
So they want to make the phones there and they also want to break open into the Indian market and have more success for you.
There's only one big problem with India.
Okay.
What?
India is not China.
Let me explain what I mean by this.
India is one of the only big countries in the world that's banned TikTok.
India's banned 100 Chinese apps in India.
India doesn't give a shit about America or China.
They're not playing the card of being controlled and being bought.
They've seen what happened to other places.
They do not.
The benefit India has is they're 10 years behind China, right?
Whether it's with their roads, whether it's with their internet, whether it's with their broadband.
Their broadband sucks, by the way, in India, and they don't have it in a lot of different markets.
Infrastructure is a mess over there, right?
Schooling, all of that.
Hospitals, airports, ports, period.
They have a lot of problems.
But the benefit of being 10 years behind is gives you what?
Growth.
You know, you get to see case studies, all the mistakes they made, and you get to see the relationship between China and U.S. to say, look, those are 19 mistakes China made.
Those are 17 mistakes U.S. made.
Guys, we're not going to be doing this because we do not want to be in control by America and we don't want to be losing trust around the world like China did.
Let's move a little bit more strategically.
That's the edge India, I believe, has.
And then don't forget, India is the largest democracy in the world under Modi, right?
And everything they're doing.
China is still CCP, communism, state-run capitalism, wherever you want to put it.
Back to the Tim Cook-Apple thing.
I don't know.
What kind of responsibility do you take for moving 97% of your manufacturing over to a communist country so you can get some cheap child labor?
Respect.
But I don't know.
There's some level of accountability he has to pay for.
And you talked about we got to quietly move things out to India.
They're well aware.
They're watching everything.
Elephants leaving the room.
Yeah, exactly.
You know, and I love this.
I love this insider article.
It says China may now never take over the U.S. crown as the world's largest economy.
So that's big news.
Ever since we've been focusing on the China issue, ever since we started the podcast 2020, I've been like, holy shit, China, they're coming for us.
China 2025, China 2030, they're coming for us.
But COVID has basically allowed the world to be like, what's really going on in China right now?
Good.
And what have we seen?
Tourism has plummeted.
Investments in the country has plummeted.
Businesses are slowly, stealthily moving out of there.
But the biggest thing that China has lost is trust.
The world doesn't trust you, Xi Jinping.
The world is fully aware of what you got going on now.
And now, whether it's stealthily or openly, people are like, I'm getting the hell out of this.
But let me address the first question, which is a very valid question you brought up on Tim Cook.
It is on Tim Cook to have the answer.
The question, why is 96% of your manufacturing for Apple being done in China?
Very fair question.
Okay.
His comeback, I don't know what his answer is going to be.
I'm not going to speak on his behalf, but this is what I would be thinking.
Would say when we first started doing business with China, China didn't have the kind of lack of trust in the world that they do today.
What did you want me to do?
We've been doing business with China for many, many years.
And all of a sudden, we're so into deep because we were able to make nice margins, deliver the product for people.
We were able to get as many iPhones that people wanted to order.
No other country could move this fast, not including America, not including this at the price that you want, and for us to get our margins.
So he, when you're in too deep in a relationship like that, you know, in today's economy, let's just say Tim is starting Apple today and Steve Jobs just came out with the iPhone today or the iPod today or the iTouch today, whatever the new product is.
He's probably in today's climate not signing a manufacturing deal with China.
But this is a relationship that's been going on for decades with China, way before they were a scary empire on what they did with COVID.
Well, I totally understand that.
That's that point.
I understand that.
If I may respond, he knew, he was well aware that it's still a communist country, even if they were, you know, had certain capitalist tendencies.
He was well aware.
But I don't know, maybe I'm just oversimplifying this.
If I have an investment portfolio, if I'm starting a company or if I'm my own personal investment portfolio, I have 60% domestic stocks.
I have 25% international.
I have 5% bonds.
I'm putting 2% in crypto.
I'm going to diversify.
So just, God forbid, the U.S. economy goes down or the Chinese economy goes down.
There's going to be other asset classes that go up.
To go in, I don't know if it's 96 or 97%, whatever it is, that is the vast majority of your manufacturing.
That's what it works, bro.
That's not good.
Well, then teach me.
No, it's not.
No, you're asking the right question.
This is when the podcast gets exciting when we're having these types of exchanges, right?
So I just Googled when Apple started doing business with China.
Okay, so check this out.
1990.
No, it's 2001, believe it or not.
I thought it was further back, right?
So if you Google Rob, when did Apple start doing business with China?
That's exactly the words.
It'll come up.
In 2001, Apple brokered a partnership with China.
Apple brokered a deal with China.
The government poured billions of dollars into a new infrastructure for Apple, building factories, paving new roads, constructing housing for Apple workers.
Kate Whitehead helped oversee Apple's operations in China.
Now, watch this.
When did Steve Jobs die?
Probably right around that.
Nope, he died in 2011, 10 years later.
Really?
Okay.
Yes.
So meaning in.
It might have been 10 years or 12 years.
So the point, the point is, this is under Steve Jobs.
When you're in China and China and Steve, everybody thought China was the way to go back in the days.
China was like the future frontier.
You know, Richard Nixon broke up the deal.
Everything is good.
We're all doing business.
Ray Dalio is hardcore pro-China.
One of the interviews I did with Steve Johns, Ray Dalio, we talked about China.
It was not the friendliest interview.
It was very uncomfortable talking about China because he was defending China.
And I'm like, wait a minute, America first over China.
But the moral of the story is when you're in too deep like that.
And by the way, when did they launch iPhone?
What year did they launch iPhone?
What year was iPhone Launch.
I'm curious.
2007?
2004?
I don't know.
07?
2007?
So 2007, iPhone is launched.
You sign a deal with China in 01.
2011, jobs dies.
You know, Tim Cook comes in in 2011, 2012.
You know, you're kind of coming in and seeing the numbers.
And then all of a sudden, now you're today.
Tim Cook has a very hard job today.
So what you're saying is it's not on Cook.
It was on jobs.
And now Cook is his deal, his responsibility to unwind.
I think it's on anybody.
I mean, we have an insurance company that we're doing all these policies, right?
So yesterday we're having a conversation with one of our carriers right now that we've given so much business to that.
Now it's kind of like you know, you have to make the adjustments where somebody doesn't have that much market share.
96 is very scary very, very scary.
I I very uncomfortable.
It's very uncomfortable to have 96.
Imagine if 96 percent of php's business went to national LIFE ONE carrier.
This is a great conversation to have is what i'm saying to you.
It's a very good conversation to have right now with this.
Okay any, any comments?
So we go to the next store.
Okay, let's go to the next story here.
All right, so next story?
Uh um, BMW Mercedes-benz launched biggest Ev push yet to catch Tesla, their new models.
Let's go to uh, page number six.
BMW Mercedes are aggressively entering the electric vehicle market to counter competition with Tesla and Chinese contenders.
At the Iaa Mobility motor show, they revealed significant development, unveiling electric concept cars and advanced Ev platforms.
To solidify their presence in the Ev domain, Mercedes introduced a new concept, Cla class, an electric vehicle built on new architecture featuring a remarkable range of 750 kilometers and the capability to achieve 400 kilometers range within a 15 minute charge.
Mercedes-benz ceo Ola Uh Kalanios emphasized the revolutionary nature of the car, stating, with those efficiency numbers, that kind of range, that kind of fast charging, i'm not aware of any vehicle in that class that can match it.
On the other hand, BMW showcased the Vision New Class, a new electric concept car that underlines the company's Ev ambitions, and introduced a new platform for Evs.
Rob, can you show the picture of that Mercedes-benz they're talking about?
Let's see what it looks like.
Uh Tom, go forward.
What are your thoughts when you hear this story here?
Well, first of all, everyone's caught up with making cars with Tesla, and they're cute on the little side and they're gorgeous on the big side and they're going farther than ever, which now they're able to get over um uh, 300 miles pretty, pretty regularly with the battery technology.
What's funny in this is all the headlines are, ah, Elon Musk has finally been caught by all the automakers, finally he's going to take it in the chops on this.
Well, on june 16th, FORD came to Elon Musk and said, we'd like to sign a contract with you.
So that our people have been asking us a question since buying Ford Lightning Pickups uh, outside of my garage, where do I plug this son of a bitch in?
And uh, Tesla has 12 000 superchargers across the United States.
Then in july, Mercedes before these announcements were made said, yeah, can we borrow your superchargers.
So that's now built into the Mercedes credit card.
When you get a Mercedes, that's It's electric and you go charge it a Tesla, it automatically charges to you.
And then seven car makers got together, including Hyundai, Kia, and BMW, and announced seven years after Elon Musk started building electric gas stations.
They announced we're going to build a chain of our own as well.
And so what I think is really interesting is electric cars have never been better.
We're living in the golden age of electric vehicles right now.
They're beautiful.
Look at this.
They're advanced.
The chips.
The chips and everything.
We were talking about NVIDIA the other day.
And you just look at what's in there.
They're just gorgeous.
But plugging them in and keeping them going, even when they go 300 miles, is another thing.
And the other side of Tesla, they're an energy company.
And so he's a gas station for everybody else.
So I like to say Elon Musk started a war for razors, but he's out there selling razor blades.
Got to love it.
I love that he's doing that.
And I will tell you a couple of different things here, Tom, to be considering with this.
Number one, capitalism works.
You know, the competitors are probably watching Tesla and seeing a CEO that's a bit distracted because he's dealing with a bigger problem, which is Twitter.
And his focus is no longer one-dimensional focus on a company.
Anytime somebody's 100% focused on one company, no matter how smart you are, no matter how brilliant you are, no matter how sharp you are, you're always going to beat the competitor if you're 100% focused on one item, one project, then you are on dealing with a lot of different things.
So when he was focused on Tesla, you know, great.
That's a formidable competitor.
So capitalism seeing that as an opportunity to capitalize.
Number two is the following.
Who do you think has a high ESG score?
BMW, Mercedes-Benz, or Tesla?
Not Tesla.
It's not even a question.
So BMW, Mercedes-Benz, all of these guys, when a book comes out, when a business book comes out, I'll never forget what our publisher said to us.
I'm not going to name the publisher.
And please don't say what publisher, if I'm saying this.
So if a publisher comes out to us and say, hey, Pat, the position you're taking, I'm telling you right now, New York Times, no matter if you sell 100,000 copies your first month, by the way, your next five moves, I couldn't even believe it.
If you go on Amazon right now, type in your next five moves, the book, I've not promoted this book for God knows.
I don't even know when's the last time I brought up your next five moves on this podcast, the book.
Go to your next five moves and go to Audible.
If you can just go on Audible, click on the book, and then go on Audible right in the middle and then go all the way on the bottom ranking.
Okay, click on audiobooks and go all the way in the bottom and then zoom in a little bit on the ranking.
Zoom in a little bit right there.
Right there.
Zoom in a little bit.
It's right above you, Rob.
Go a little, Rob, zoom in right there.
Right there, bro.
Ranking.
Top the screen right there.
Jesus, Rob.
Holy shit, Rob, right there.
Ranking.
Oh my God.
Number.
Rob, you're on it.
Just zoom in.
It says book seller ranking to the left, top left.
Oh, my God.
Scroll up a little bit.
Right there.
Yay!
Out of 10 million audio books, it's ranked 146 today.
Wow, wow.
How?
This is the highest it's ever ranked since we launched the book three years ago.
I don't even know why it's ranked.
We've not sold this book a single time, right?
But here's the part.
The publisher said something very interesting to me.
He said, Pat, if you want this book to be a New York Times bestseller, just know they're not going to pick a guy like you to be on the New York Times bestseller list.
You're just not going to be because you're not their audience, okay?
So then we had Toobin here, Jeffrey Toobin.
Who's here, okay?
The mad judges.
His book, his book doesn't make it on the Wall Street Journal.
And because, you know, the Wall Street Journal goes based on numbers being sold.
New York Times doesn't go based on numbers being sold.
New York Times goes based on likability and they value you.
Wall Street Journal is you sold numbers?
You're ranked.
We get the report.
New York Times, like, you need more than just numbers.
We're looking for you being this and you being that and you being this.
Okay.
Wow.
So what lists and media companies you think are going to write positive, by the way, here, his book came out May 2nd, 2023.
These books become New Yorktown bestsellers.
I don't know if this one, but his last two or three became New York Time bestsellers.
And chapter six and seven are stuck together on that book.
That's right.
I remember that.
Horrible.
But here's the point.
Here's the point.
What magazines, websites, articles you think are going to write positively about Tesla?
No.
Which one are you counting?
No.
Number one EV in the world, Tesla.
No.
No.
This is all opinion, by the way.
So when it comes down to opinion, who's going to be at the top?
Mercedes?
You're going to have BMW?
You're going to have anybody.
Which is ironic because they come from the Germany regime.
They don't care about that.
They're anything but Tesla.
Elon's a Nazi.
Yeah.
But we love Mercedes to be a family.
Who is actually from there, right?
Yeah.
Yeah.
But they have changed.
Yeah.
So when you think about this part, what do you think about competition?
Who has an advantage?
They have a massive advantage.
When we lead into the next story here, next story being about the gentleman that was interviewed, Larry, who was interviewed on Tucker Carlson, right?
I loosen up my talk because I'm going to go to the next one.
So this story comes out.
And by the way, a lot of people are infuriated with Tucker Carlson interviewing this guy.
Why would you do this?
Why would you do this?
Barack Obama has not been a president for this many years.
Shame on you, Tucker.
You're just doing it for eyeballs.
I think I heard Jon Stewart, if he can pull up Jon Stewart, it wasn't even Jon Stewart.
I think I saw another person that said his failed propaganda show on Twitter.
His failed propaganda show on Twitter after getting fired from Fox.
So that's the storyline on what they're saying, right?
But anyways, he interviews this guy, Pitt Risky.
Rob, I think you brought him up to us like a month ago.
Didn't you bring this up a month?
I did a month ago.
I was a little bit shit in a meeting.
He actually did.
Larry Sinclair?
You brought him up like a couple months ago, Rob.
And what did you say?
I said, not right now.
I'm like, not right now, Rob.
Okay, so, but the story comes out that Obama, that Tucker Carlson claims Obama smoked crack and had gay sex.
Okay.
Let me read this properly on page eight, folks.
If you got kids listening, tell them to go have ice cream and wait for a few minutes.
Okay.
All right.
Here we go.
Tucker Carlson, during an interview with Dave Portnoy, revived Larry Sinclair's claim, stating in 2008, it became clear that Barack Obama had been having sex with men and smoking crack.
Carlson noted that Sinclair signed an affidavit and then underwent a lie detector test saying, I smoke crack, we're Barack Obama and had sex.
And that was obviously true.
Carlson criticized the media's handling of the allegation, saying that the Obama campaign threatened to deny access to anyone reporting on the claims he emphasized.
Nobody reported on it because they were squeamish about sex or drugs.
But because the Obama campaign said anyone who reports on this gets no access to Obama's campaign.
So no one talked about it.
And this guy was seen as a cuckoo, crazy, you know, drug addict.
He's got a big criminal record.
And if you go back, look at his criminal record, it's between 1980 to 1986.
And he does have some things, but it's mainly during that era.
So they have to undermine him.
Now, here's the thing.
I don't know if it's true or not.
I'm purely going based on speculation.
One question I have is, why is Tucker doing it now?
Is it because he's now free and he's able to do whatever he wants to do?
And he wanted to do this at Fox and Fox wouldn't allow him to interview this guy and report him.
That could be one reason.
Two, what other motive does he have to want to get under Obama's skin today?
And it's a trending topic all over Twitter, okay, when you see something like this.
What are your thoughts on this story?
Well, first of all, Barack's a little, he's a little rascal.
That guy, besides the drugs and all that stuff, let's just really break it down.
Let me be clear.
Yeah.
First of all, the night in question, the Larry Sinclair pack, he's visiting his godson.
He's graduating from the military naval thing.
He gets a limo.
He leaves.
He asks the limo driver, Hey, I want to hook up with dudes and I want to do drugs.
The limo driver goes, I have the spot, and I know some people.
So this is like he's delivering gay guys to Barack almost like Uber Eats, but for gay men.
It's like Uber gay.
This is in Chicago.
In China.
In Chicago.
So, no, yeah, in Chicago.
So, guys, he brings him there, Pat.
He gets Barack.
They have some drinks.
He's doing cocaine with him on the CD thing.
Barack pulls out a pipe and he smokes it.
And even Larry Sinclair is like to eat his own whatever.
They start getting down in the limo.
But here, here's the thing where people are like, why do you care?
And listen, let's just, I'll get to that point.
But let's go.
I did a timeline, Pat, of suspect activity.
And first of all, yesterday, Michelle Obama, knowing that this interview was coming out, she traveled to Mallorca, Spain, and spent time with her close friends, Jamie Casa, and his husband, Michael Smith, a gay couple, without Barack.
Barack stayed back.
All right.
Let's go do the timeline.
1999, he smokes crock with Larry Sinclair.
Who, mind you, Pat, sign the affidavit and pass a lie detector test.
I don't know if any of you guys have taken lie detector tests, I have in the military.
You're not a guy, some random dude that's gay and does drugs, and he's not passing it, Pat.
CIA operatives know how to pass it because they train to pass it, okay?
So I think his claim is legit.
Let's go 2007, choir director at Barack Obama's church, Donald Young, who allegedly knew about Obama and his homosexuality lifestyle, was murdered in Chicago in his apartment.
He was shot multiple times at close range, twice in the head, no signs of force entry.
The door was unlocked, but close.
The neighbors said they didn't have a gunshot.
All right.
Fast forward, 2014.
Joan Rivers, TMZ, asked her on camera if the country was ready for the first gay president.
And what did she say?
We already have one with Obama, and Michelle Obama is a transgender.
Two weeks later, she dies on the operating table on a routine medical procedure.
Fast forward, July 23, 2023.
Obama's personal chef, Tafari Campbell, a self-proclaimed trained swimmer, was found dead at Martha's Vineyard right by the Obama state.
Allegedly, he was paddleboarding in eight feet of water and he drowned.
He was found naked, and his clothes were like a far distance away.
And we still, they won't let us know who he was paddleboarding with.
Oh, and by the way, Michelle and Barack, initially, they said that they weren't on the island.
They were there.
And photos surfaced, Pat, where Barack had a black eye, but nobody got into that situation.
Broke back Vineyard.
Exactly.
And lastly, just recently, old love letters from 1982 resurfaced that Barack wrote to his then college sweetheart, Alexandra McNear.
And in one of those laters, he wrote, and I quote, in regard to homosexuality, I must say that I believe this is an attempt to remove oneself from the present, a refusal perhaps to perpetrate the endless farce of earthly life.
You see, I make love to men daily in my imagination.
He tells her this.
And here's my thing, Pat.
I can care less that if you're gay, if you're not, I don't care.
But if you're holding on to that secret and you've been lying to us all this time, because technically, if this is all true, which I believe in this guy, this guy has no clue.
Why is Larry Sinclair?
He's been saying this, Pat, mind you, since the early 80s.
He went in front of the in Washington and he told everybody, he's broke.
He doesn't give a damn.
If they're lying about that, what else are you lying about?
What about those emails that WikiLeaks, Julian Assange, leaked with John Podesta and Hillary and all these guys, where Brock and them are talking about pizza, Pat?
Let's deliver $65,000 worth of pizza at one o'clock in the morning.
And then they call us conspiracy theorists.
Just be out when open because guess what?
Congratulations.
You'd be the first gay president.
Do it.
Come out.
Say it.
What?
Like, what?
Anyway.
Anyway, Adam, you already, that anyway, you're like, you don't believe any of it.
That anyway was, I don't believe it.
I believe that everyone should have the ability to speak.
Nobody should be canceled.
Yes.
Including wild conspiracy theorists.
Who's a conspiracy?
So all those things I listed are conspiracy.
I'm just saying everyone is entitled to what they, you know, to their opinion.
Yeah.
You know, I love that we have, you know, conspiracy theorists on the show.
Who's a conspiracy?
We've had Alex Jones.
We've had.
How much of his theories that you would say?
Well, there was that one thing that he kind of screwed up.
Oh, my God.
So he can't mess up ever.
No, but a lot of them are right.
Some of them have been right.
The water turns the frogs gay, obviously.
But then there was that one thing.
Okay.
All right.
It costs him a billion dollars.
Yeah, but you know.
But, all right, so it seems like you're taking the stance that Obama is definitely gay.
I would put all my money on the he's 100%.
What are the chances?
You just said 100%.
I would put all my money.
So when there's a smoke, Adam, this is the problem that I have.
I wouldn't put 100 and I wouldn't put zero.
Anytime that you're like, definitely 100%, there's no question.
I'll put every amount of money on it.
Okay.
Let's just back up a second because we're talking about this guy, Larry Sinclair.
Yeah.
So what you're saying is we all of a sudden now believe a gay crackhead, Obama-blowing drug dealer, criminal.
He's not a dealer.
He wasn't a dealer, drug user.
My bad, Vinny.
Dealing with whatever.
Who's a known Satanist?
Okay.
Okay, go ahead.
Allegedly.
Allegedly.
Conspiracy.
Who has a 27-year criminal history?
Not 27.
No.
Now you're Larry Sinclair.
I've heard the liar, Vinny.
Did you watch the video last night?
Did you watch the video?
The whole hour?
No, I'm not going to spend an hour on Larry Sinclair.
I was studying the economy.
I was studying Trump.
But that's the problem, Adam.
You didn't see any of that.
That's true.
You know what I did do?
I did spend some time reviewing his rap sheet.
So he spent time in jail in Colorado, South Carolina, Florida, Arizona.
He did spend 16 years in jail.
He's had 97 run-ins with the law.
He's been arrested.
Hold on, Vin.
16 years?
No, he wasn't.
He's been arrested for forgery, fraud, disorderly conduct, and larceny.
By the way, there's now rumors saying that he's terminally ill.
So he's going out with a bang.
He's got nothing to lose.
So listen, if you want to go on the, literally, I'm saying this with all sincerity, go there.
All good.
Okay.
I'm just inclined not to believe this guy.
So here's my question, Adam.
Let's just say I saw something happen.
Okay.
Just because I've been to jail doesn't take away the fact.
And I want you to explain something to me, Adam.
97 run-ins with the law that might smoke.
You said there's smoke, there's fire, Benny.
But here's the thing, Adam.
How do you, how can that guy pass a lie detector test?
I don't know if you've ever seen it.
Well, I actually read about that.
And allegedly, the polygraph test is what it's called, came back as it indicated deception.
So do some more research.
Find out what actually happened.
He passed and signed an affidavit.
Adam.
Okay.
I'm just saying.
So wait, so all the, so all.
I don't have an agenda.
I love you, brother.
You clearly have an agenda.
No, I don't.
You want to convince the world that Obama is gay.
I just want to say that.
There's no indication of that.
Okay.
Take a cold plunge.
Okay, I'll take one thing.
Don't forget your thing.
Patrick, if you had $10,000 cash right now and somebody said, you have to bet one way or the other, you can't take the money, whatever you win, you win.
Do you think Obama's gay or not?
I would love to hear Pat's answer.
Go ahead.
If you, hold on, because I love the smart.
Hold on.
Rob, can you DoorDash somewhere?
By the way, I'm asking everybody this question.
Tom, be ready for this.
Patrick, 10 grand, you are not leaving this room unless you make a decision.
And if you win, you get to take the money and you go.
You know what you just reminded me.
You ever seen the movie Couples Retreat?
Yeah.
If a guy had a gun to your head, is this marriage going to work out or no?
Tell me right now.
You don't put a gun here if your therapist had on the first time.
If you jackass, if you had to guess, I already know.
Go ahead, TBD.
I don't know.
I will give you ratio.
I won't give you a bet like that.
10 grand is not going to do anything.
But if I give you a percentage of these guys having this experience together, I don't know.
30%, I would say to him.
Even that high, Bat?
30%.
30%, dude?
But hear me out.
Hear me out on why I'm saying 30% is not actually that high.
What's confusing for me is the final one.
Why are people on the left so worried if he's gay?
That's what I'm asking.
Why are people on the left so like, what is wrong with being gay, leftists?
Huh?
Mr. Democrats?
Aren't you guys LGBTQ?
Aren't you guys like, what is wrong with being gay?
It's okay to be sorry.
There's no gay Republicans.
Shouldn't Democrats come out in support of saying, hell yeah, we got a gay president.
Congratulations.
Why are you all of a sudden anti-gay?
Why are Democrats all of a sudden so concerned about the president being gay?
Everything you're doing in California with all the schooling, all the indoctrination, all you want more people to be gay.
So guess what?
You finally have a guy that's, you know, stories are coming out saying that he may be.
That's just like a flag carrier.
Are you gay at that?
So, and then, you know, for the other part on, you know, stories, this is the part that's just, this is why, you know, BMW and Mercedes are, you know, trying to compete with Tesla and all this stuff.
The left doesn't want to hear this story.
If this person, the lady came out saying, rape is not about physical.
Rape is about thought.
And Anderson Cooper's like, we got to go to a story.
I'm really enjoying this conversation.
Let me get this straight.
You will give that person, the psycho lady, you'll give that person airtime to interview them, but you're not going to be interviewing this guy.
Got it.
You already lost a lot of credibility with me, so you're full of shit.
What is the difference between those two people?
That person's got credibility.
This person's got credibility.
No, or you pick and choose your stories.
You're not a journalist.
You are campaign managers.
For a person you like that's part of your political party.
They lose credibility there.
With this guy, I watched him.
Here's what he looked like.
I mean, I'm just going to give you what my, I watched the entire interview, by the way, just to kind of get a feel on whether I believe him or not.
Like when I watched Karen McDougal, okay, and she said, I'm convinced we loved each other.
I don't know if you've seen the interview with Karen McDougal.
That one you went.
That's a supermodel Playboy Girl who allegedly had sex.
Allegedly.
Allegedly.
By the way, what did I say when Karen McDougal came up?
What was my mother?
You believed her.
I believed her.
I said, yeah, I believe she loved him, and I actually believe she still loves him.
Okay.
Because I'm going based on what I saw.
And my percentage on that one is like 70%.
Okay.
Where I saw that.
I'm saying on this one, 30%.
I watched the guy.
And, you know, when you're running an insurance company or sales company with a bunch of sales guys, your job is to know which one of your salespeople are full of shit and which one's not.
No, I didn't sign that forgery.
I would never do that.
You're like, yeah, bro, I don't believe you.
Okay.
I don't believe you.
And you take the paper and you put it on top and you're like, nah, this is definitely forgery, guys.
I'm sorry.
This guy's going to lose his license.
You screwed up.
You shouldn't have done that.
Oh, my God.
I was just afraid.
I'll admit to it now.
I said, dude, I can't protect you now because now the Department of Insurance got involved.
None of the insurance carriers got involved.
They have you on freaking recording multiple times.
What are you doing?
Done, right?
My job is to, our job as compliance is to watch.
Now, it doesn't mean we get it 100%.
That's why there's investigation, all this other stuff.
I watched this guy.
I mean, look, even if you're terminally ill, it's not this the first time he's coming out with the story.
25 years ago.
25 years ago.
25 years.
First time he came out.
In Washington.
Yeah, so he came out with the story years ago.
And, you know, he's coming out with it again.
It's not like it's last minute.
So, even to say he's terminally ill, that's more of a reason to say you want your legacy to be.
There lies the man that gave a president a blowjob.
Like, is that your legacy?
So, what is it going to say on your tombstone, right?
Crack and blowjobs, right?
That's your tombstone.
Is that what you wanted your legacy to be?
Walking by, mom, who is this?
What is a blow?
You know, you're going to have to kind of go through it.
Yeah.
So, no, I don't know.
I think, you know, there's a part of it that's true.
And to me, you know, I don't know a lot of presidents.
I don't know a lot of men who, you know, accidentally call their wives a man's name two, three times.
And I don't know.
I don't know a lot of people that make mistakes like that.
I just don't.
You know, I've never called Jennifer Joe ever.
I've never said, hey, you know, and Joe and I, you know, the other day, I've never done that.
Do you have anything?
Who did Barack call Michael?
He's called Mike.
He said, oh, hold on.
He called his, but many times.
Many, many times, he's called Michael for me.
So you want him to be gay.
No, I don't, Adam.
For me, all I'm saying is I'm staying skeptical.
I'm staying skeptical.
And to be quite frankly, like the most pathetic thing to me is that Democrats are embarrassed if he's gay.
Exactly.
That tells you how much of a hypocrite you are that you're now defending against a person being gay, where to you, it's normal to be gay.
Why do you care so much?
That's the problem I have.
I don't have a problem with all the other people.
I have an issue here, guys.
I'm sorry.
I'm sorry.
Go for it.
And I'm just going to say something.
I believe these stories just as much as I believe the stories about Donald Trump.
Let me explain.
So, by the way, I'm not an Obama guy.
How often do you hear me defend Obama?
I said, I like Bill Clinton and I like Joe Manchin.
You voted for Obama, though.
Yeah.
So what does that mean?
I support you an Obama guy.
No, we're not going to play this game.
That is a team.
You also voted for Obama.
I don't vote for Obama.
Okay.
Let me stick it for my man Vinny, though.
They call him a conspiracy theorist.
That's true.
Mainstream media.
They went over P-Tapes, mainstream, Stormy McDonald's, mainstream.
Thank you.
So that's it.
So my point is this: I'm skeptical as hell when I hear, you know, Trump has a love affair with his daughter, Ivanka.
There's people like, oh, he probably bangs his daughter.
I'm like, dude, this is not a thing.
Right.
Okay.
Oh, he goes to these modeling competitions for girls who are under 18.
And he's like, nah, I don't really think so.
I do think that Trump has cheated on his wife umpteen times and has banged hot porn star chicks like Stormy Daniels and models like Karen McDougal.
I actually think that's true.
Okay.
But the point is, not every story you hear is actually true.
That's your pushback.
No, what I'm saying is this.
I don't think that Democrats are basically being like, how dare you?
I don't think.
No, they are.
No, no, no.
I just think they're like, here's another ridiculous story that they want to push.
And the guy's married for the last 20 years.
No, that's kind of like let me give the opposite side.
Let me give the complete opposite argument.
Let me give the complete opposite argument.
This is kind of like a word comes out that Ron DeSantis running for president.
Rumor gets out the first woman he had sex with is his wife, Casey.
He lost his virginity to Casey after being married.
And conservatives say there's no way that's true.
The guy's a player.
He's been around.
He's a good looking.
He's an Avi SEAL.
He's a stud.
Wait a minute.
Hey, many of these Christian guys, you want your virginity and your Bible and all this other stuff.
Why are you now saying no to this?
What happened to your virtue signal on being Christians?
That's how pathetic this argument they're making is that they're embarrassed about someone like this.
Now, for me, my question isn't even this.
Forget about the story.
I don't wake up in the morning wondering if Barack Obama is gay or not.
That's his wife's problem.
It's not my problem.
They need to figure that part out.
My concern is more deeper than that.
Your name is Tucker Carlson.
You got 5,000 people that you can interview that's going to be interesting people to interview.
The hell are you doing interviewing this guy?
Thank you.
That was my next point.
But actually, go.
Yeah, why?
Go.
Why?
Why are you doing it?
That's a great.
Are you doing it because, like, let's go through all different angles.
One, are you doing it to because, well, I've always wanted to do this interview.
Fox never let me do it.
I'm putting it into Fox's face.
Okay, cool.
That could be a possibility.
Check.
I believe it.
Two, are you doing it because you are on the inside and you have friends across media company everywhere?
A lot of people that maybe were editors.
Maybe we're insiders, worked at Fox.
Now they're at CNN.
Now they're at MSNBC.
And somebody saw a memo or a link or story or a conference call or a meeting that leaked and the door wasn't fully closed that said, hey, Michelle Obama's running for office.
Okay.
What happened?
Nothing.
I'm asking Rob to do a poll to see if our audience thinks Obama is.
So I already did.
I have to tell you that we have 2,000, over 2,000 votes.
77% of the audience believes that Barack Obama is smoke cracking at gay sex votes.
Now I know who we're working with.
70%.
Good to know.
Go ahead, but 77% chance.
You're at 30%.
I'm at 2%.
Can I make my fucking fired up right now?
A ridiculous audience.
Love you guys.
It's your ridiculous party, is what it is.
No, yes, yes.
I'm a registered independent.
Yes, you know.
You're not playing this.
Yes, yes, yes.
No.
You've always voted for a Democrat president.
You're a registered Democrat.
No.
You've always voted for a Democratic president.
I'm a registered Democrat.
Have you ever voted for a Republican president?
No, I don't.
Don't hide around the bush.
You never have.
You've always voted for left.
So that's the point.
But I'm a registered independent.
But you can be.
You think I was going to vote for fucking John McCain?
You think I was going to vote for fucking John County?
You can be a registered anything.
I'm an independent.
You're a Democrat.
You voted Democrat your entire life.
You're a Republican.
I voted for Clinton.
I voted for Clinton.
I have voted for Republican.
So that's your out.
Absolutely.
Okay, guys.
I have voted for left and right.
You've not.
No, no, because the position you take.
Yes.
The position you take.
What's the position?
Your position is like, I'm not going to play this.
I'm not going to play this.
Your political party, your political party that you voted for your entire life.
Yes.
Your political party.
Even though I'm a registered independent.
Your political party that you have voted for your entire life is embarrassed of this story of God forbid Barack Obama being gay.
And they're the same ones that push about people supporting LGBTQ.
What's wrong with that?
That is absolutely, insanely embarrassing from one perspective.
Okay.
And I'm being reasonable to you.
Same.
Karen McDougal for me was 780%.
I'm at 30% with this guy.
Not a 70-80%.
I'm telling you, I'm 30%.
He's at 100, though.
My audience is at 7%.
That's my opinion.
Where are you at?
I'm at 2%.
Okay, great.
That's where you are.
Okay.
But let me go back.
But I have the judgment to say zero.
The next time, if you want him to run a poll, text him.
Say if you want to run a poll.
I'm making a point while I'm staying with Tucker and you're causing me to lose my train of thought.
I'm in the middle of it here telling you right now.
Number one is, why is he doing it?
You got 5,000 people to choose from.
They can interview.
So are you doing it because you want to put it back into Fox?
Number two, are you doing it because you're worried Michelle Obama's running right now for office?
So it's like, let me kind of put this out there.
I don't know.
Is it number three?
Are you doing number three because Obama never gave you an interview and you're like, oh, okay, you don't want to give me an interview?
No problem.
Here's what I'm going to do to you.
I don't give a shit if I ever interview you.
Here's my vengeance back at you.
Great.
Number four, are you doing it because mainstream media covered everything on Russia collusion for three and a half years and smart guys like him believed it?
And many other people believed that that was actually happening until three and a half years later, report comes out.
Oh, it never happened.
It was actually funded by Hillary Clinton.
Oh, move on.
Let's go to a different story, and we have to all follow a leader and move to the next story.
Yeah, maybe that's why you're doing it because mainstream media was full of shit during COVID.
And there's a couple people that lost a lot during COVID.
One of them is mainstream media.
They lost credibility.
Never has the word fake news been used until COVID showed up and Trump showed up and Russia showed up and people realized, you know, what this fake news thing is real.
Credibility of how much Americans believe the media is the lowest it's ever been.
Not in the last 10 years, not in the last 20 years.
It's ever been in the history of America because they're full of shit and the American people are sick of it.
And you're starting to notice people are going to get their news from a freaking podcast.
We're not journalists.
We didn't go to Columbia University and be fed the same bullshit that everybody else is being fed.
We're sitting here like regular people saying, why the hell are you lying to us so much?
Are we supposed to believe all of this stuff is true and you only investigate the people from one side and not the other side?
Is that what we're supposed to sit here and believe?
No.
We also want to ask certain questions.
I don't know why Tucker did this interview.
This makes no sense to do this.
Can you ask this question for me?
Yeah, of course.
Do you think this helps or hurts Tucker's credibility?
I don't think it helps.
I don't think it helps.
I'm a reasonable guy to tell you this.
I don't think, I don't know, I don't like when Rob brought the story to me and he says, Pat, it's going to get a lot of eyeballs and we got to do this.
I'm like, I don't know if I'm interested.
Okay.
I don't know if I'm interested.
You remember, Rob, I said something like that to you if you remember this.
I mean, you know, we're obviously thrown.
Your job is to give different stories, right?
And we've discussed similar things where it's personal lives that don't matter.
Like the Dylan Dannis thing.
We discussed having him on and you said, I'm not interested in doing that.
Another story I will say that only you and I know this, where guys like, hey, this is what really happened to my relationship.
Do you know which one I'm talking?
I'm not going to say the name, but you know exactly what I'm.
I'm like, I'm not interested, bro.
I called the guy back.
I'm like, I'm not even going to talk about it.
That's not my interest.
Okay.
That's your problem between you and your wife.
You guys go figure it out.
Now, if you are making it so crazy that we have to freaking touch it because you're putting it out there, then I'm mistakes on you.
In a situation like this, I don't know if I'm interested in this story.
Is it entertaining?
Does it get eyeballs?
I'm really curious why you would do it.
Do you want to speculate why?
You can speculate.
Yeah, you can speculate.
You hit the nail on the head, eyeballs.
How much was Tucker Carlson's contract at Fox?
A year.
40 million a year, was it?
No.
Whatever it was.
No, it's like 20 million.
20 million.
How much is his contract at Twitter?
He doesn't, he's not making any bingo.
So he's in the eyeball game before.
Now, he's the number one, let's just say, talking head.
I don't think that Tucker Carlson can be considered a journalist at this point.
I would say he's a pundit, right?
Because a pundit, their job is to give opinions.
This is not a factual story.
This is an opinion story.
This is a guy who, at the very least, can we agree that this guy may have some credibility issues?
No, no, I'm not saying a gay crack-smoking felon.
You went to, I'm not in your camp.
I'm not in your camp.
What I'm saying is this: I think Tucker is an absolute investigative journalist.
I think Tucker is doing the right thing interviewing this guy.
I think others should have interviewed this guy 15 years ago during the election and talked to him about it after he did a lie detective test.
All I'm trying to find out is why you're doing it today.
This should have been interviewed a long time.
I think this is a miss in the job of the people of mainstream media that never wanted to talk to this guy because they were afraid of losing credibility and relationship with Obama, the person they all feared that they wanted Obama to invite him to their birthday party and their annual celebration or their inauguration or all that other stuff.
There is a lot of clout in being in those types of meetings to say, I got an invite from Obama.
Obama was a Ronald Reagan figure for the left.
He was admired and loved by a lot of people on the left.
And most people fear losing something to a guy like this.
So for me, yeah, I do think Tucker is an investigative journalist much better than a lot of the guys on the left.
I would give a, you know, I would put a couple of guys on the left that I respect that are doing investigative journalism, and I would put Tucker on that list as well.
My question isn't to lose credibility for that.
I don't know why he's doing it.
Now, he may have a very valid reason for doing it.
And by the way, it could also be a reason that's none of our business.
He could also be doing it to say, who the hell are you for me to have to explain to you why I'm doing it?
I'm freaking doing it because I want to do it.
And it's a private matter that I don't even want to tell the world about it.
But I told myself I was going to do this when I was going to be free and I'm doing it.
Great.
More power to you.
But on paper, I still don't know the motive behind doing it now.
I think, I mean, Pat, great point where I had no idea, but maybe it was maybe hearing something about Michelle wanting to make a run that's going to put us back into crap.
Because I mean, obviously the left isn't doing a good job.
But think about it.
When was Barack, well, first president term?
When did he become 08?
January 1st.
Pat, if they knew the truth and Sinclair was out during that time and putting out these stories, that's not, you think that's what, you know why they were covering up this, Pat?
You can't have, he's going to be the first black president, and then all of a sudden, oh my God, he's gay as well.
That's something where Americans are ready for that.
Americans wanted, they still want a family, you know, father, wife, kids.
It would have been way too much to put out a story like, hey, listen, he's the first black president.
Oh, and by the way, he's gay.
And just so happens that he's doing crack in the back of a freaking limo with somebody.
Adam, I get where you're coming from.
And my point is, I genuinely don't care.
But when the story's out in your face, he's writing letters to his college girlfriend.
This is before this whole situation that he got married saying, I imagine banging dudes in my head all the time, all day.
This is written, Barack Obama.
They have it at the college, Occidental College.
It's a fact.
Okay.
These are facts.
Everything that I said about Joan Rivers and Tafari and all this and all the letters and Brock and the guy saying, well, I'm sorry, the truth, if he is, I'm sorry.
It hurts.
If it hurts people that he's gay, oh, well, congratulations.
I think good for him.
Well, we need a blue dress.
Otherwise, they'll never admit it.
Yeah.
Some blue boxers or something.
Yeah.
Yeah.
Yeah, we went a whole damn hour without bringing me into this.
Bill, take it easy.
Bill denied it until the last time.
But Pat, you make a great point.
What?
And you just woke me up.
While you were saying it, I was like, oh my God, I didn't even think about that.
What is the motive?
One of mine was like, did he run out of guests?
Because think about it.
Sometimes.
Okay.
Okay.
So that's one object.
Tucker, when you get whoever you are, there's certain people when you get an email from them, you respond to that interview.
Okay.
There's certain people.
You know, Tucker's on that top five list of people that when you get that email, you have to pay attention that's coming from you, which means what?
Tucker gets to interview, I would say, 95% of people in the world.
You know, if he wanted to talk to them, they have to entertain it.
And he's got plenty of options to interview outside of this guy.
I just don't know why he did it.
Can I add one more thing here just for our conspiracy friends out there?
Coincidence.
You know, we've talked about alliances being made with, obviously, Tucker and Elon on Twitter, whatever the Trump thing is.
Do you know what Elon had to say about your friend, Mr. Sinclair?
This is Elon Musk, who might have a little bit more knowledge in this general subject than any of us.
Here's what he said: Mr. Sinclair is not super convincing, picks or.
And that's my ultimate point.
Anyone can just run with any ridiculous story, spout it out on any ridiculous podcast, and just go with it.
Pictures from the 80s, 90s?
Yeah.
Yeah, there were cameras back then.
I don't know if you know that.
But if Elon is saying this, I think that's fair to say that this probably lacks credibility.
Well, because he wants to see Tucker win.
Well, 77% of the people that watch one of the dopest podcasts out business or whatever, I don't think that 77% out of them are just crazy conspiracy kooks.
They feel it.
I could look at it, like I could look at Barack and be like, yeah, I could see it.
So they feel it.
There's a part of it.
There's a part of me as well that likes Elon saying this.
There's also part of me that says he has to say this because he's now got a CEO of the company that's like, Elon, what are we doing with this?
You want me to get advertisers as a former NBC person, Linda Yucario?
You want me to get all this stuff and we're putting something like this and you're retweeting it?
You have to comment that you're not fully in it.
There's a lot of ways to look at this angle.
Linda could have told him, I'm about to sign a half a billion dollar advertising deal with 20 different companies.
What are we doing here, Elon?
You're not making my job easy.
I'm trying to hit my bonus.
Those kinds of conversations could take place as well.
I just want to know is since Tucker's no longer with Fox, he's basically doing whatever he wants.
Do you think he's like the white Tupac?
Is he the white Tupac?
Way less gangster.
I think he's absolutely a gangster, and I think he's pissed on a lot of people off.
And I think how hard it is right now to be Jon Stewart.
Can you go to the clip of Jon Stewart where he played the, you know which one I'm talking about, Rob?
I don't know if you found it or not.
Just put Jon Stewart on Tucker.
Jon Stewart and then put Tucker.
Stewart, Tucker, yeah.
It just came out yesterday, I want to say, with Jon Stewart saying what he said.
Go a little, no, not that one.
Go a little lower.
He just recently said something about Tucker.
Can you go a little faster?
Go a little faster to see if it's out there.
Oh, no.
Okay.
No problem.
But Tucker said.
Tucker called him evil.
I mean, I'm sorry.
Jon Stewart called Tucker evil.
Evil.
Evil.
He says he's evil.
He knows what he's doing, et cetera, et cetera.
And in a situation, that's the one right there.
If you can play that one, yeah, go for it.
Just make it bigger and audio.
Go for it.
But to your point, though, about a guy like Tucker Carlson, that's cynical.
What he does is cynical.
Starts with cynical.
And he hides the true motivation for it.
And that's what I mean by the difference between well-intentioned, honest brokering and cynical manipulation.
Yeah, I definitely put him on the evil side.
I wasn't going to speak for you, but for me, I put him in the.
No question.
I feel like he knows exactly what he's doing is saying.
No question.
I don't feel like he's ignorant about his messaging and his coding.
No, no, no.
No, it's all purposeful.
And it's marshalling very, very malevolent forces.
Yes.
No question.
Marshalling very malevolent forces.
Let's just say using the DOJ against your opponent, like malevolent forces.
Like using the entire mainstream media to attack an opponent and make the entire country believe Russia collusion was real.
And here's what's crazy.
I'm a fan of this guy.
I like Jon Stewart.
Okay.
And I also happen to like Tucker.
I like both of these guys.
And I love the fact that 20 years ago, John went on Tucker's show trying to bully him and he leaves.
This is when Tucker had a bow tie.
It's right below it, Rob, if you can see it.
And when he had a bow tie on right there, and he's like, this is just awful, right?
This show right there on rapid fire and he's going through it.
We don't have to play the whole thing.
I love the fact that Tucker got his redemption because Jon Stewart today is at a lower level than Bill Maher.
I think Bill Maher is kicking Jon Stewart's ass and people actually from both the left and the right like hearing Bill Maher.
And quite frankly, I don't know who wants to hear from Jon Stewart on the right, except for a few people.
John sounds more like somebody that's just defending his political party to be invited to the parties.
And Bill Maher is saying, F all of you.
Okay.
I think all of you are full of shit.
You know, just the other day, Bill Maher talked shit about Trump on Rogan.
Oh, the whole thing.
And then he goes and talks about talk shit about Biden.
I'm sitting there saying, good for you, Bill.
Good for you.
I want to kind of hear what you got to say.
But anyways, we're going to.
That's why I think Bill Maher has more credibility than any of those names you just mentioned.
Because he's willing to call out, ready for it?
Both sides.
If you just want to play your, you know, I'm on this side, so this is what I'm defending, or I'm on this side, as I'm defending.
I don't think that's a true honest broker.
But that Tucker story was the biggest comeback story immediately.
Oh, huge.
He canceled his show.
Jon Stewart just, everyone mocked him.
And then 20 years later, great story.
Good for him.
Coming out.
And then boom, he runs a number on shit for God knows how many years.
Okay.
So that's that part.
Next story we can go to is Elon Musk's dad says he's worried that Tesla CEO might be assassinated following a report about his influence on government decisions.
Okay, so let's take a look at this here.
Uh-oh.
And this is an insider story.
Yes, responds Errol Musk when asked if he fears a potential assassination of his son, Elon Musk, by the shadow government stemming from a New Yorker article, which he labels a hit job.
As per the sun interview, the New Yorker article portrays Elon Musk as an unelected official, prompting Pentagon officials to express unease over his attitude towards Vladimir Putin and acknowledging SpaceX's Starlink satellite's critical role in Ukrainian conflict.
Elon Musk's personal security concerns are evident as he shares how his son's car faced a crazy stalker situation and his actions such as requesting an office bathroom and restricting journalists who shared an account, tracking his private jet, reflecting his complex relationship with safety measures.
So, Tom, what are your thoughts on this relationship between Elon and his dad and what his dad is saying about Elon's safety?
He and his dad are strained.
I think everybody's read various comments about it.
And, you know, he's a terrible human being.
Those are pretty heavy words between a father and son.
And I think right now he's out there saying, I'm worried this guy might be assassinated.
And I also think what's going on is we've had some very light news cycles.
And so you pull this up and his dad makes some comment like that.
And I think, you know, do I think there's a real risk there?
Perhaps.
Do I think his dad's worried about it because he sees his son really being a lightning rod here?
Absolutely.
I think his dad believes, hey, man, you're touching government.
You're touching, you know, very heavy figures and you're demanding, you know, this and that.
You know, I'm a little worried that maybe somebody might be upset enough about this to pop him.
Are you following the ADL story with Musk or no?
Lightly, I understand.
Can you pull up that story with Forbes, the anti-defamation league?
Oh, my ad revenue has been manipulated because ADL has been out there pulling threads.
Tom, let's not forget, though, at the end of the day, Pat, Elon Musk spent how much money to buy X?
Twitter?
$40 billion.
$40 billion to be like the free speech king.
I think it was $42.
Remember the letter?
At the end of the day, Pat, because of him, and this wasn't, by the way, obviously the FBI, everybody was involved in embedded inside of Twitter, especially during the election.
He's giving us the opportunity now on Twitter that we can see and hear everything.
Okay.
We see it.
We can fact check it.
And we do what we just did and we debate.
And everybody can have their opinion, but it's all out there.
The truth, though, the fact that we can find out the truth for ourselves makes him an enemy of the elite.
He is giving us the platform to do exactly what the hell we did, Pat.
And from watching the people on the ground in Maui talk about what's really happening, I'm saying, to listening to Larry Sinclair, credible or not, whatever you want to say, to the January 6th Twitter files where it was a January 6th guided tour.
It was an insurrection.
All this shit that they lied to us about, we get to see it.
And Pat, I'm telling you right now, if there was a list of accidental, let's get this guy, Elon would be on top of that list right now because he's giving us the opportunity to see all the fake shit about COVID, to see all this shit.
And like, just let's put it on the table.
Let us look at it and figure it out.
For that path, would you have ever have known all the shit about Twitter or Hunter Biden or the Latin?
None of that.
None of that, Tom, because the White House, the FBI were going to Twitter and they were putting agents there to say, don't put this story out.
Do this, do that, do that.
So I 100% think that he's on that list.
No, the modern government does not want an open platform at all.
So Musk blames Anti-Defamation League for X's poor ad sales, threatens lawsuit, go a little lower.
Elama says U.S. ad revenue for X, formerly known as Twitter, was down 60% in a series of tweets Monday and blamed it on critical statements from the Anti-Defamation League, going so far as to threaten a lawsuit against the group, go lower.
Musk said the advertisers have told the company they're receiving pressure from ADL, a Jewish non-governmental organization that seeks to fight anti-Semitism and extremism around the world to not advertise on X.
He went to say if this continues, we will have no choice but to file a defamation suit against, ironically, the Anti-Defamation League.
This comes after ADL released multiple reports saying anti-Semitic reports, posts have spiked on X since Musk's purchase, the platform, unblocked a number of users who had previously been kicked off the site for violating hate speech, and loosened the platform's consent content moderation policy.
I mean, you can't blame the guy for being upset about it.
This is canceling by any other word.
If you can't control, you can't get him to be quiet.
You try to cancel them.
And if the ADL doesn't like what certain people are saying, whether those people are truly extremists and truly saying things against Jewish people, which I hate to see, but there's a hyper-reaction here, and they can't control X.
So they want to influence others who can cause control through cancellation and boycotts.
Yeah, I don't believe in any sort of cancellation, even though I'm Jewish.
I believe in free speech.
I'm a free speech absolutist to an extent.
I actually believe you should shine a light on the people that are saying racist, anti-Semitic, bigoted comments.
Let's see who they are.
I want to see a picture of their face.
I actually want to know where they live.
Let's see where they work.
Highlight the hell out of these guys.
Don't dox them.
Let's see what's going on.
Let's dox the hell out of these guys.
So, yeah, I totally understand why someone like Elon would want to push back against the ADL.
A lot of people do.
But this is literally their job is to go after people they feel like are defaming minorities or certain types of people.
But back to the Elon thing.
Him and his father have had a very strained relationship over the years.
So I actually don't know how much communication they even have.
So you said it's maybe a light news week.
So they're just looking for anything to kind of drum up.
But pure speculation.
And I'm sure Elon's got it covered.
Actually, the most famous text that Elon and his father had, this was a year ago, was when he texts his dad, just keep quiet.
The press is playing you like a fiddle.
Don't say anything anymore.
Keep quiet.
So he's basically saying, Dad, pump the brakes, guys.
So it didn't like, didn't seem like his father listened to his.
Let's go to this next story.
The immortals meet the billionaires forking out for eternal life.
And this is a Guardian story.
So let's see what Guardian has to say about this.
Tech entrepreneur Brian Johnson, who spent hundreds of thousands of dollars on youthful plasma transfusions, shares his experience.
I've never paid more attention to what he's eating because that was going into my, I've never paid more attention to what I'm eating because that was going into my body.
He continues to invest $2 million annually in longevity research.
Professor Michael and Irina Conboy discuss their groundbreaking research in which they stitch together the bodies of old and young mice to rejuvenate the older mice's blood.
They anticipate significant advancement in prolonging life treatments such as pills and a fountain of middle age in the next five years.
The podcast explores the involvement of billionaires like Jeff Bezos and Peter Thiel in longevity research and raises moral concerns about the potential exclusion of certain groups.
Interesting.
Vinny.
So, well, first of all, listen, I don't care what anybody says.
You're not going to cheat death.
We all have something in common: male, female, tall, straight, gay.
We all have an expiration date.
This guy, though, Pat, he's 45 years old.
He sold his company, Pig Tech, $800 million.
He recruited his 17-year-old son and his 70-year-old dad to join him in a tri-generational blood exchange.
All right.
In April, they visited Resurgence Wellness.
It's a futuristic medical spawn on Texas.
The son got a liter of his blood removed, about fifth of his body, a fifth of the blood of his body, and separated into parts before the plasma was reinfused into his father.
All right.
Now, Brian, the guy in question, then donated a liter of his blood products to a 70-year-old father, and nobody gave blood back to the son.
So the son is a shit out of luck.
So the son's basically Tom Hardy and Mad Max.
When he's the blood bank, he's just sitting there and they got the blood.
Blood bank.
Yeah, blood bank.
So he has 30 nutritionists, MRI specialists.
He gives blood stool samples of all of his, or all day they're monitoring this guy.
He even does penis.
You might want to look into this, guys.
Just pay attention.
Penis rejuvenation.
So he's erect for three and a half hours a night.
Jesus.
Tom, I know.
He beat your record.
Tom, he does shockwave therapy three times a week in the hopes of gaining teenage-like erections.
He even monitors and keeps track.
Like he has a journal.
He's like, oh, I got a heart on it.
And he writes it.
But it's like, Pat, at this point, you're trying to cheat death.
It's like, live your life the way you are.
Unless, Adam, you feel me, bro?
Like, in the future, take care of yourself for right now.
But 30 people around the clock working to make you young.
Listen, I think it's safe to say if you're drawing blood out of your son and taking some of your dad's platelets, shoving in you, giving some back to your dad, it's going overboard.
You got to chill out.
Would you happen to have his phone number?
His bill back in the studio.
But yeah, Tom, what do you think?
I think once it's your time, bro, it's like, yeah, we have to go away.
So the next generation has a chance.
You'll just be here forever, but stitching your body to somebody else's is just a little too fast.
Tom, would you want to live forever?
I think we've talked about this.
Would you want to live forever?
You know, I've seen really, really elderly relatives go quietly.
And I had a 93-year-old grandmother, my mom's dad, the grandparent I was closest to.
And when it was time for him to go, he was not ready to tap out, but he was so peaceful.
And as he had aged, he had things that were catching up with him.
He didn't have cancer.
He didn't go through some long thing.
But he was 93 years old and he was really, the body was really worn out.
He worked as a machinist.
So he had, you know, arthritis and his wrists and his hands and everything.
And he's like, you know what?
I've seen a lot of family grow up.
I've seen a lot of things.
And, you know, I'm ready for the step to the white tunnel and go meet God.
And I look at it like that and I'm like, I say, you know, do I want to be as healthy as I can be and as productive as I can as long as possible?
Yes.
I don't know if I have any desire to live 200 years, but I want to be as healthy as possible.
That would be an ideal age.
Like if God's listening right now, watching this podcast, he's probably not watching today's podcast because he's pissed.
But if he's watching today's podcast, what age would you want to live to?
I think I know my body and I know my status.
And I think I'm good for 105.
Oh, 105, Tom.
Dog.
What do you mean?
So you've got 20 more years.
You know my mom.
No, no, I actually agree.
I actually agree.
105.
I think 100 is a great number to aspire to be.
But I don't want to look like a white walker from Game of Thrones.
Like, I've seen some people where it's like, bro, you're going to be all right.
You don't have to worry about your looks, bro.
You're a good-looking guy.
I came a pat my back, bro.
Bro, we got the freaking water plunge.
You're going to get in it every day at 89 years old.
Would you want to live forever?
Hell no.
Do you think that would sap your motivation to get anything done?
No way.
I can't even imagine the pains of life.
No, no way.
Adam, you?
No way.
I want to go to 100.
I tell my mom, my grandma's 92.
I said, I need you to 100, grandma.
I need to take care of yourself.
My mom is 70.
I want her taking care of herself.
I think you got this one life.
I think you need to make the most of it.
And what I will say this about this billionaire, whatever he is.
Yeah.
Brian Johnson.
I would much rather biohack life, health is wealth, and spend hundreds of thousands of dollars on this than get your third Rolls-Royce or your second house somewhere.
It's like, at this point, that's probably the best investment you can make rather than some material items.
And by the way, you have to know at that point, that's exactly what they're doing.
Once you have money, like no one gives a shit what you drive when you have money.
When you actually have real money, and I'm not talking like, you know, I'm talking, these guys are billionaires.
It's called fuck you, Mo.
Like, like, when you, when you're pulling up to a guy that's got a massive house, you're not like, so what do you drive in this $40 million home?
They're like, I don't even shit if you pull up in an avalon.
I have this one friend.
I haven't driven in five years.
I have this one friend that's worth a ton of money.
He's gone on the record basically saying that, you know, $150 million ain't what it used to be.
But this guy is biohacking life and doing ice bats for funds.
Wow.
And he's fired up, allegedly.
You can't tell what you're wrong.
What a freaking nut.
Do you want to see the first reaction when I got on the water?
Because I don't want to give it to Rob.
It's going to take us a minute to do it.
But man, this experience today was insane when I did this.
I can't wait to go back and do it again tonight.
It's so weird.
It's like a new toy I got.
I would rather you get that than another car or another watch.
Do you think I want a like?
The reason why I love what I drive right now is because I can sit in it.
We went to lunch yesterday.
Amazing.
Benny's in the car.
He's in the car.
I'm in the car.
I'm comfortable.
The other stuff that the red car I have, I can't fit in.
It's not going to work out.
So I'm with you.
So, okay.
All right.
So let's go to which one do we want to go to?
What about the Proud?
Proud Boys.
You want to go to Proud Boys?
Yeah, let's go to Proud Boys.
Enrique Tario, former Proud Boys leader, sentenced to 22 years in prison, a Wall Street Journal story.
Oh.
Wall Street Journal story.
Let's go through this here.
That's it.
Former Proud Boys leader.
Enrique has a 22-year sentence, the longest in over a thousand cases related to January 6, 2021, capital assault.
After being convicted of sedacious conspiracy, a charge related to efforts to use force to overthrow the government, impede its law, or seize its property.
Prosecutors initially sought a 33-year sentence for Tario, but cited his leadership role and the Proud Boys involved in the attack when recommending to punishment.
While the U.S. District Court Judge Timothy Kelly expressed discomfort, likening the events to terrorism, Tario, who did not enter the Capitol himself, apologized for his role in instigating the events while his defense team argued for a 15-year sentence saying, my client is no terrorist.
My client is misguided patriot.
Wait, he never went in.
He's getting 20.
That's the key.
He never even went inside there.
So it's getting further and further from the supposed insurrectionists, the rioters, the terrorists.
He wasn't in there.
He's not a white supremacist.
Joe Biden's quick to call Proud Boys a white supremacy group.
His name is Enrique Tario.
He's an Afro-Hispanic gentleman, and he's going to lose his whole 40s.
He's going to be in prison from 39 to 51 if he gets out early.
What do you think the sentence should be?
Well, let's look at this.
Does he have a prayer record?
Has he done anything wrong in the past?
Because, um, you know, the whole thing with Biden is we got to give people second, third, and fourth chance if it's someone on the left.
But if it's someone on the right, oh, give him life.
He wasn't even there.
So, and 22 years.
That's two years.
Five years?
Should he get 10 years?
Should he walk up for free?
No, no, not walking.
What should it be?
Well, first of all, because I'm going to be honest, I didn't dive in and find out all because I mean, the guy was at his house.
I don't know.
He planned or orchestrated.
My question is: do you guys remember that group, Pat?
You guys might have remembered Antifa during the entire Trump during the entire Trump presidency, during the George Floyd riots.
These people who are protested, funded by George Storrs, Pat, they caused absolute mayhem in this country.
They caused violence, they killed people, they burned down cities, they did all this shit.
And guess what?
When they got arrested, guess who bailed them out?
Hollywood elites, uh, Kamala Harris.
Everybody's like, hey, we got to help these people get them out.
Get out.
Yeah.
Everybody, yeah, then they helped them out.
So, however soon they got out, that's how quickly Enrique.
Yeah, exactly.
And guess what?
On this January 6th, this insurrection quotation marks that nobody died.
Nobody brought their guns.
Nobody brought them.
Nobody go to Liberty Safe to get their guns.
Exactly.
But here's my thing.
I think, Adam, I think a fair thing would be, you know, if he did really, really incite violence, like the Ray Epps, the guy, the FBI, that were like, everybody, go in.
Those people should be in prison.
That he takes all those guys and pardon them all.
So answer the question then: how long should he go to jail for?
This isn't a trick question.
I don't know.
How long should he go to jail?
I'm going to tell the specifics of what evidence do they have.
Three months plus probation.
Okay, because let me just, you read the article.
It's in front of your face.
Yeah.
They were, they were trying.
Number one, I don't really give a shit about this guy.
We actually had the opportunity to bring him on the podcast.
We said no.
The Proud Boy guy.
2021.
To Pat's credit, he's like, nah.
You know, we don't go down that far-right rabbit hole Proud Boy thing.
But I will say this: the prosecutor sought a 33-year sentence.
But what did his defense want?
What did his defense ask for?
A bargaining chip.
For how much?
How many years?
15 years.
15 years.
So his defense, his defense attorney said, at the very least, give him 15 years.
They settled, they split the difference at 22 years.
So I'm just looking at what his defense is basically saying.
Basically, his defense is basically saying, you're going to jail, buddy.
This is going to happen for a while.
So this whole thing.
And by the way, by the way, good point, okay, that even his defense is saying 15 years, not saying nothing, but also good point on you.
If he's got to go, Eps has got to go.
Epps should go.
If they both go in the same cell for 15 years, now you're going to say fair.
But oh, Epps gets off.
Why?
He's saying, get into the Capitol, give him the Capitol.
And there's videos.
Epps has got to be inmates.
I agree.
Roommates with this guy.
We can sit there and say you're being reasonable.
I will say this guy, Ray Epps, should be charged with something, but what he is not should not be charged with is this seditious conspiracy.
But this is my speculation.
I haven't read into this all that much, but I know what a seditious conspiracy is.
He didn't even go in the Capitol.
It's kind of like he was the party promoter.
He promoted the party.
He sent out flyers.
He advertised the hell out of it.
But he just didn't go to the power.
That's called inciting a riot.
That's called, and that's called inciting an insurrection.
He's telling all these young people, he's pushing the gates and pushing them to go in.
He deserves to be.
I'm not talking about Epps.
I'm talking about why Enrique Tario was going to jail.
He was the big party promoter of the.
And I'm not even.
I'm on your page.
Yeah.
I don't think it was an insurrection.
I think it was a rebellion.
I think it was a shit show.
I'm not on the insurrection label.
I get that people are calling me.
You think Ray Epps?
I don't think these Proud Boys were actually going to take over the government.
I agree.
I actually think a lot of them actually do love America.
Have you guys met any of the Proud Boys?
Have you ever had an interaction with them?
I did a comedy show in North Hollywood, California.
Guys in a bunch of polo shirts after the show.
You're funny.
I go, what's going on with the polo?
It's like, oh, you don't know.
We're the Proud Boys.
I go, what do you guys do?
Well, Antifa's been beating up old ladies and Christians walking to the Trump rallies.
So we're showing up now and we're kind of giving them the business if they mess with us.
I said, that sounds almost noble, like kind of like a counter force.
And they say, you want to join?
I said, no, thanks.
And by the way, most of the time, come hang out.
Yeah, I wouldn't be here.
I'd be with Tario.
But they were all, by the way, black guys.
So not even the white guys.
Wait, wait, so wait, they're white supremacist black guys?
That doesn't make sense.
I know.
It didn't make sense.
Rob, well, you were about to say something?
To corroborate what Kayvon said, my mom was not on the capital, but she was in.
Oh, shit.
She was in Washington, D.C.
Yes, yes.
She wasn't on the Capitol.
But the Proud Boys were providing security to the older ladies.
My mom's in her 70s.
They were guiding her around the city.
It's like badass Boy Scouts.
And when a little guy jumps out of the bushes with tight black pants and throws an egg, they would just go put him in the hospital.
Yeah, there's groups called the Guardian Angels with red shirts that go back like in the 80s with all this.
And, you know, I look at it this way.
I'm not in the courtroom here, but if these, if he gets 22 years, then the three people that organized the Kavanaugh riot and protests, don't they get two?
Something?
You remember this?
The Justice Kavanaugh riot?
They did the same thing.
Broke through the doors, came inside, pushed the cops around.
And then I'm looking at it and saying, what is the difference here?
Why don't those people get two years for inciting a riot and breaking through the doors and trying to make this protest?
And then these guys get 22 years.
Yeah, I just, I'm still troubled by the selective prosecution here.
Well, I will say this: that one of the things you have to love about America is your ability to protest or even riot.
164 people arrested during the protest for crowding, obstructing, or they broke doors.
They came in there.
Look, tell me what the difference is.
Tell me what the difference is when these guys broke through the Kavanaugh.
They came rushing.
Tell me what the difference is.
You know why?
Because they're registered Democrat.
That's why.
And they're fighting.
I'm saying, okay, 22 years, why don't these guys?
I don't even remember this, but are you saying that this is comparable to January 6th?
They stopped the hearing of the Gorge.
I want to see what he's talking about.
This is comparable to January 6th?
This?
In a way.
Once it breaks free here, I want to see it.
I'm saying, well, if this guy gets 22, why do these people not get two?
It's a fair question.
Okay.
It's a fair question on what Tom is saying.
So let's do one last story and then we'll wrap up.
The U.S. government is investing $22 million into developing surveillance clothing that includes shirts, pants, and underwear that can record video and audio.
The U.S. government has invented $20 million smart electricity-powered and networked textile systems called Smart EPANS program, aiming to create wearable clothing capable of recording audio, video, and geolocation data.
The program's goal is to produce washable garments, including shirts, pants, socks, and underwear with advanced surveillance capabilities.
The office of the director of intelligence states that smart e-pants represent significant investment in developing active smart textiles.
Dr. Dawson Kagold, the program manager for Smart EPANS, highlighted the potential benefits for government agencies like the Department of Defense, Department of Homeland Security, and the intelligence community.
He notes that wearable technologies could enhance situational awareness by allowing users to keep their hands free in high-stress environments.
You say Dr. Kagle?
Dr. Kagle.
That's hilarious.
Is that how you turn it on?
You do it quick.
Can you imagine that?
But that's going to be the future.
Hey, Pat, I have to tell you a secret.
Like, I can't.
My underwear.
Listen.
It's like, well, think about it.
They're trying to make Pat.
Brandon made this a good point on my show yesterday, the Vincent O'Shaughana show, Wednesdays.
Shout out to Brandon.
Yeah, shout out to Brandon.
They're making surveillance cool.
They're making it stylish, just like with Facebook.
Do you remember during Obama?
They were like, Obama's, or it's our privacy, and everybody's fighting.
We don't want them to know shit about it.
I don't know where I don't want you to follow me.
Or all of a sudden, Facebook comes out, and you're willingly telling them where you eat, who you hang out with, what your style is, what concerts you watch.
Like, the CIA must worship Mark Zuckerberg because they made it a difference a decade makes.
Exactly, Tom.
Now it's cool.
This is my privacy.
I can't believe you're doing this.
And then it's like, okay.
Now it's like you're not on Facebook.
Number one, let's go, Brandon.
Congrats to you, bro.
Good job, Brandon.
Number two, where was this technology when Larry Sinclair was smoking crack with Obama?
No photos.
Sorry.
Not at all.
Sorry, Mark.
As Obama was gulping down Larry Sinclair.
Never mind if he had those pants.
Technology.
I'll say, let's go, Kayvon.
Really great to have you.
Thank you.
Kayvon, congratulations, bro.
You're going to have two more vaults, though.
We're not playing games.
Kayvon, congratulations on being on the podcast.
And congratulations on being the news member of the Proud Boys.
That's great.
Yeah, congratulations.
Nice.
Gang, I hope you have a great weekend.
We are about to announce four of our next lives.
Wow.
You get to pick and choose which one you want to go.
It's going to be a lot of different kinds of lives.
Text Award Podcast to 310340-1132.
Text Award Podcast to 310-340-1132 to be one of the first to buy the tickets.
So you're here with us live at our Cigar Lounge and Comedy Club.
