Today on the PBD Podcast, Patrick Bet-David, 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.
This world of entrepreneurs, we get no value to hate it.
I run, homie, look what I become.
I'm the one.
This is what it is.
Okay, good morning, good morning, good morning.
Episode 318.
Home team today with Tom, Vinny, and Kayvon.
We got a lot of stories to cover.
Apparently, breaking news.
Rumor has it, Putin just had a heart attack based on what they're telling us.
Yeah, cardiac arrest.
Kremlin, cardiac arrest.
We got a lot of other stories to cover.
Obviously, some stuff that's going on.
It's not slowing down.
Did you mention, like, I mean, but Adam not being here?
Like that gender reassignment surgery.
We don't want to talk about it.
He's going to come back as a strong woman.
I wanted... Why'd you want...
Let him make that announcement.
Let him make that.
It's a she.
He already had the surgery.
So Adam Ina, Adamina.
Let him make the announcement.
Well, Donald Trump.
You just ruined it.
I'm sunk.
You made me.
You just ruined me.
You took my chair for the new guy.
I'm sitting over here.
Sorry.
Sorry, just alike.
Sorry.
You can't tell us apart.
Tweetle duty and tweetle demo.
Jerome Powell is talking about interest rates.
We got to go to Vinny to give us an update on that.
People are wondering if it's going to move or not.
We're seeing 30-year fixed mortgage rates right now at 8%.
8%.
Okay.
Lowest ever home sales in decades.
Home sales in decades.
Least amount of refinance applications, mortgage applications coming in in 27 years.
27 years.
And it ain't slowing down.
Obama warns Israel strikes on Gaza could backfire.
Elon Musk's finances may crash Tesla's stock to the ground.
This is a New York Post story.
Car payment defaults hits 29-year high as borrowing costs surge.
Foreclosures continue to surge.
Are they a threat to the housing market?
New York Post story.
Argentino's got a runoff.
Jon Stewart show on Apple is over because of disagreement about China and AI.
We'll talk about that for sure.
Americans have to pay 52% more to buy a home compared to renting.
Adult kids are moving in with their parents to save money for homes.
There's never been a worse time to buy instead of rent.
Wall Street Journal.
I know a lot of realtors don't like this article.
This is like realtors kind of skip through this.
You know how you're kind of going through an article?
No, skip.
This is that one article you don't want to read or you don't want to.
But it's out there.
You may want to read it.
As an insurance guy, I always read the articles.
I didn't want to read to see what's going on with the industry when it was regulation.
This is there's never been a worse time to buy.
Worse time.
Ever.
Remember, you were asking us a year and a half ago when it's not.
I kept saying.
You said 12, 36, and wait, wait, wait.
So Silway.
A Syrian award is what?
Spoon.
Spoon.
So what you're saying is Silway.
Halaspur.
Alaspur.
Okay.
Victoria's Secret returns to sexiness after woke feminist campaign fails.
We definitely have to talk about that.
Thank goodness.
The New York LA Times story.
This, by the way, this is very surprising.
Rob, can you even pull up the picture of this LA Times story?
I was very surprised to see that LA Times would have written an article like this.
Kudos to them.
LA Times said, the left has really let us down.
Why many American Jews feel abandoned?
Okay.
The left, Jews for the longest time have been on the left, forever.
That's their party.
But they say the left has let us down.
Fed warns that Hamas, Hezbollah, could be crossing the southern border.
Okay.
Associate AP will not let reporters call Hamas a terrorist organization.
Imagine that.
The U.S. government categorically calls them ISIS and Hezbollah, a terrorist organization, but AP will not let reporters call them that.
New York Times admits it relied too heavily on Hamas hospital claims.
It's always too late when this story comes out.
Goldman Sachs's housing starts next year slumping to their lowest level since early 1990s, 33 years ago.
A recession will hit next year.
This is an insider story, hammering stock prices and home values.
Wall Street veteran predicts Amazon tells managers they can now fire employees who won't work, come to the office three times a week.
Okay.
Can you imagine?
Hey, minimum is now 23 times a week.
Women, 25, sparks fierce debate after branding college as a scam and new detail.
And Obama's death comes out.
Personal chef raised questions.
If we have to add a couple other ones, Jada Pinkett confirms she had sexual experiences with women before deciding I love men.
As if she can't disappear enough.
More and more stories come.
She's selling something now.
And we're guilty for bringing it up.
And some stories came up about George Floyd.
So before we go into these stories today, folks, I want to get into business.
And before I do that, I want to give a shout out to somebody.
I want to give a shout out to somebody.
So Saturday night, we had a great time.
You and I, Romero, Jen, Romero.
We went and spent up to Romero Britton.
Thank you.
What an amazing experience.
Phenomenal guy.
Fantastic.
60,000 square foot castle, all that stuff.
Loved him.
For those that don't know who he is.
If you can pull up Romero Brito so people know who he is.
He's like a modern day.
He's a famous artist from Brazil.
Amazing.
And his work is everywhere.
His work's been sold $4 billion worldwide.
I mean, $4 billion.
$4 billion.
That's a lot of money right there.
But then afterwards, we went to dinner at Prime.
I kind of want to share this with everybody that's, if you're in business and you're wondering about how to get, you know, I had a conversation with one of my friends the other day.
We're getting closer and closer.
Will Gadero, Unreasonable Hospitality from 11 Madison.
He's the guy that took 11 Madison to the number one restaurant in the world.
And I've recommended this book, Unreasonable Hospitality, to everybody.
We're at Prime the other day, 16 of us.
We're having dinner, Prime Steak in Miami.
Food's great.
Jane took us out.
Everything's good.
We're done.
We've been there for three hours.
We want to leave.
I'm outside.
I'm like, babe, where are you guys?
Where are you guys?
Babe, you won't believe what's going on.
What's going on, babe?
You will not believe what's going on.
Babe, tell me what is going on.
Mario then calls me.
Like, what the hell is going on inside?
Oh, you already tried.
I'm trying to figure out what is going on.
And then they said, the waiter's not allowing us to pay the bill.
What?
Keep in mind, this is a $3,000 bill.
He's not letting Jen pay the bill.
Okay.
So Jen is sitting there like calling me, say, what do I do with this?
I said, what do you mean, what do I do?
Mario's like, no, he's not taking a credit card.
He paid for it with his credit card.
The waiter did.
The waiter.
Phenomenal service.
Guy's name is Jesus Gonzalez.
Stud of a guy, the way he gave his service.
I went up to him, talked to him.
He was emotional, saying how much the content's changed his life.
But for me, when I hear a story like that, and this guy's now a real estate agent with Compass, so I want to give him a shout out.
If you are in the Miami, Coral Gables, Coconut Grove area, and you're thinking about buying a property, Rob, let's put his number down.
We got permission to put his info at the bottom.
Okay, I'm going to text you this.
I want you to put this in the chat.
This is what's called unreasonable hospitality and not expecting anything in return.
He didn't ask us to do this.
I'm doing this.
We got permission to share his information.
Whether it's giving him love for what he just did on Saturday night, and he's in tears telling me this.
How much context?
That's his contact information.
Put the link below for anybody that wants to find it.
If you want to help someone, their career get off the ground, he's been in hospitality.
He was an amazing, amazing, you know, gave us amazing service on my birthday.
Such a phenomenal service that he gave me.
Give this man a shot.
Worst case scenario.
Send him a text.
Give him some love.
What a sound.
That he got a shout out on today's podcast.
So proud of him.
And I love hearing stories like this.
When people take their game to the next level, he didn't have to do this.
$3,000 is a lot of money to pay for John.
I was just going to say, Pep, just really fast.
So he served you guys, you guys, and then his thing was because he's watched your content and you've helped him get to the next level that he was.
Value Taman content is what he says changed my life.
Wow.
Okay.
Love, I love people like this because they have the fabric of what value attainment stands for.
The values and principles of what we've talked about for the last 10 years.
That's what got this guy to do what he did.
Respect you, Jesus.
Give this man some love.
If you want to do business, you're trying to buy a house or do something, contact Jesus Gonzalez.
Now is not a great time to buy a house, but in six months to a year, he's going to be paying him.
He's going to be doing well with Apple.
Regardless, this is a guy you may want to stay close to.
Okay, so let's go through a couple different things that we've got going on right now.
I want to start off with Jon Stewart's show.
Jon Stewart, this is a CNN story.
Jon Stewart's show on Apple is over because of disagreements over China.
Now, this is a CNN story, folks.
This is not any other story, but it's a CNN story.
Jon Stewart's show on Apple is over because of disagreements about China.
His show, The Problem with Jon Stewart on Apple TV, will not return for a third season with Jon Stewart and Apple executives agreeing to part ways.
Stewart disclosed that Apple had reservations about topics he planned to address in the upcoming season, including China, Israel, and artificial intelligence, telling his staff the company had concerns about the subject matter.
Despite initially granting Stewart's creative control over the show, tensions mounted as Apple began to exert influence over guest choices and show content.
Stewart expressed his frustration to his staff, stating Apple was pushing back on the show's guest list and show subjects.
The cancellation raises questions about the impact of Apple's extensive business interests in China, which accounts for nearly a fifth of the company's sales and its fastest-growing region.
Tom, when you read this article, what do you think about it?
Here's what I think.
So, you know, Apple's trying to sell more stuff, and the more stuff they're trying to sell, now the Apple Watch has popped up.
And what have they introduced lately that's really popped up?
The vision, vision headsets, they really haven't started yet.
So they're trying to sell more stuff.
And Apple TV is what they're trying to sell.
And to sell more Apple TV, they want unique stuff.
So they went out and overpaid Jon Stewart to be there.
That was the formula.
So step one: overpay for talent on Apple TV.
Do you know what they paid him?
Do you know his contract?
No, not offhand.
Okay, keep going.
I'll look for it.
Rob, if you can keep looking for it.
But it was big.
When you take a look at where he was or where he was going in Apple TV.
So step one, overpay for talent, such as Jon Stewart.
Step two, dive under your desk as he starts talking about AI being bad, China being bad.
Sir, that's our largest manufacturing base, sir.
That's also the market we're trying to break into.
He said it again, sir.
What do we do?
Step three: fire his ass.
Step four, dive under your desk again as he starts talking to the New York Times and New York Post and other things about what's going on.
And so, you know, if you're Apple, you need to understand that if you're not a media company and you're not set up to do this, then you can't do this because, you know, everything from freedom of speech to comedians are going to be comedians to Jon Stewart had a wide political lens that he had woven into his comedy.
And so what do I see here, Pat?
I see here a manufacturer, the first $3 trillion market cap company in history, trying to find new revenue streams.
And when they get into programming in a media company, they're finding they get hamstrung by all these collisions.
How much did Apple lose in the last four weeks, Tom?
How much valuation has Apple lost in the last four weeks?
You told me this yesterday.
Yeah.
$320 to $360 billion of market cap loss.
But by the way, I don't know if you heard that.
How much did you say, Tom?
$320 to $360 billion of total company value.
And Rob, find out what the value of Snapchat is right now.
Real quick.
While we're looking that up, you know, the thing is.
$15.4 billion.
How many Snapchats did Apple lose in the course of the last two months?
20, 20, 24 Snapchats they lost in the last four weeks.
That's exactly right.
They lost 24 Snapchats in the last four weeks.
Go for it, Kayvon.
Well, I was thinking that Jon Stewart, his model is like 10 years old.
And then Apple's trying to enter this game with an old horse that kind of hasn't been doing it.
The daily show's numbers have gone down.
So they're betting on something.
Whereas what we're doing here, podcasts like this, you can't just throw money at it and it works.
You have to have something that's interesting.
And you have to be willing to take those slings and arrows.
I see you getting, everyone in this room gets hate from both sides of the fence whenever we talk about a subject.
You have to be ready for that fight.
And Apple is not ready for that.
I will tell you, though, Jon Stewart, I thought his show, I think Bill Maher went to a whole different level during COVID.
And John missed the mark because John joined the other camp until John went on Colbert and is like, hey, why are we not considering the fact that the virus could be coming from Wuhan Lab?
I mean, and he stood up and he did that whole act.
I don't know if you remember that or not.
That was great.
And then everybody's like, whoa, okay.
That's where you are, John.
So for John to now want to talk Israel-China AI, okay?
So look at Apple.
Three things they're concerned about.
China.
China, I think Apple sells more iPhones in China than they do in the U.S., if I'm not mistaken.
I think China has 24% of market share of China and 21% here.
Can you look up the numbers, whatever the market share percentages are on how many iPhones?
I may be wrong with the 24 and 21.
They've been climbing in China, but China recently said their government employees can no longer use an iPhone.
They're worried about it.
Tim Cook is trying to kind of juggle this transition from making phones in China to India.
I'm sure China knows it's public information now.
So it's not like China's sitting there behind closed doors saying, look, this guy's not on our side.
If they could take their phones out of here, they would do it in a heartbeat.
So they're going to put iPhone over, what do you call it?
Jon Stewart.
Of course.
They're going to put iPhone over.
They got to protect China over John.
AI, they're doing over John.
Israel, kind of, you got to be careful because you don't want enemies.
Everybody's your customer.
But is John going to find another job?
Is John going to do another thing?
Here's what I love to see John do.
What if John decides to go independent?
John says, you know what?
I'm just going to do it my way.
I'm just going to go do it my own way.
You know, kind of like Tucker's been doing it recently.
How about if I go do my own thing that I'm doing here?
If he does or he doesn't, I think he's got the talent to be able to do it.
Will he go to the Bill Maher direction?
I don't know.
I still think Jon Stewart's a necessary voice.
First of all, Pat, because I don't see 100% eye to eye with him.
Those moments on that show, I gained some respect.
I got respect for him too, because Kayvon, you know this as a content creator, when you have creative control, Pat, that means I get to put whatever I want on.
The fact that they're like, hey, listen, China, you can't, and then he, you know, he said no, and he's probably out.
I respect him.
But this, watching and reading this, Pat, it shows how much power and control China has.
Let's just do a quick history.
No accountability for COVID.
They're moving warships closer to the United States.
They're buying land next to our military installations.
They have spy balloons flying across the country.
And that just goes to show you how much of a threat Trump was to them because he was trying to hold him accountable.
And then think about this, Pat.
Even if you talk bad about China, remember John Cena said something about Taiwan or something.
He came out and spoke in fluent Mandarin.
I was like, I'm sorry, Apollo.
And calming down to these people.
And it's like, that just goes to show you how much control and how much power China has over us.
China sends students our way.
China has a TikTok for us.
They won't even let their own people on that version of the company.
Go figure that out.
So check this out.
I want to share this here.
Rob, can you pull up this link?
I just found market share of iPhones worldwide.
This is very important to see because their iPhone 15, I got the iPhone 15 right here.
How is it?
And I didn't upgrade last year because the only reason I don't upgrade is so annoying.
Every time you have to redo all your passwords and I have like so many different passwords.
The transition is still very annoying when you're going from phone to phone.
It's still not as smooth.
Your trans phone.
I got it.
It's not a anti-trans.
You're trans.
I'm anti-trans transitioning from an iPhone 13 to 15.
Although it was very handy yesterday, it gets so hot.
We actually made ramen noodles with it.
Really?
Watch this here.
Go a little lower.
Go a little lower where it allows you to see all the countries.
Go a little lower.
I was just on it.
Keep going, keep going.
Right there.
Okay, so North Korea market share.
What?
It's kind of weird, right?
Wait a minute.
Android market in North Korea is 0.5%, but Apple has 99.5% of North Korea.
Did you even know this?
The preferred universe.
I know this.
North Korea, only 17 people are allowed to have a lot of people.
So that's a good point.
Two people.
Monaco is 69.
Keep going.
U.S. is like at 56%.
Go lower, lower, lower.
U.S. is where?
Right there.
56.5%.
50%.
Okay.
But watch this.
And then Android is 43%.
I did not know 43% of Americans use Android.
Honestly, I had no clue 43%.
Can you run a quick poll to see if our audience is more Android or iPhone?
I'm actually curious.
And if you go lower, you know where China's at.
China is at 24%.
Go, go, go lower.
20.
Whoa.
Should be around 24% right there.
24.33%.
By the way, that's 24.3% on 1.5 billion.
Right.
Dude, that's a lot.
That's America.
Okay, so think about 24.3%, right?
Android's at 75.3%.
So Android's crushing iPhone in China.
China.
That's crazy.
75%.
And they're not putting Huawei and some Huawei is mainly Android.
But 25% is still 375 million.
America has at 50%.
So they got 150 million customers here for, you know, what do you call it?
375 million.
Of course, you have to be protected.
They would have 110% market share in America with that number.
You know what's crazy?
And this may sound strange.
I actually like Tim Cook as a CEO.
I think Tim Cook is a decent CEO.
And I would put better than a decent CEO.
This guy took a company when Steve Jobs died at $100 billion.
He took it from $100 billion to $3 trillion, lost $350 billion last four weeks.
But I think he's done a decent job.
I think he's trying to balance something that's going to be juggle something that's going to be very hard, transitioning outside of China to go to India.
That's not easy to do.
That's right.
And you know what?
I think that's probably what the problem is with the iPhone 15.
It's the overheating.
It's the curry.
Curry comes out in the hurry.
Which, by the way, I love curry.
I've been to Mumbai.
I ate at the same place every day for five straight days when we were in Mumbai.
Shout out to the Curry.
And really quick question.
So this problem with the overheating, is that something that you guys are going to have to return your phones and get new ones?
Because that's a major issue.
I don't know if they've ever done a recall.
I don't think it's like cars to do a recall.
But if you remember what happened a few years ago when Apple took off, Android took a lead on Apple.
When all of it, the biggest advertisement Apple ever got where it took their business to a complete different level with market cap exploding is when Android started exploding.
And on flights, the flight attendant would say, if you have an Android galaxy, shut it off.
Please shut it off because of what's been happening recently.
Apple ran with that.
Oh, my God.
Their whole campaign was you can a trusted phone that doesn't explode.
So terrorists love Android.
But Android if this thing, the official phone is for a month.
This phone is the bottom.
Yeah.
Literally.
And figurative.
All right.
So funny, but not funny, but time lines on what you're saying.
Apple's not going anywhere.
$2.7 trillion company not going anywhere.
But it just goes to show you: if you're going to get in the media and you're going to give your talent creative control, that means you have no creative control.
Lesson learned.
I think they're like, I'll have a conversation with Vinny.
And our creative control is my dad, by the way, with Vinny.
Yep.
He runs the shop when it comes onto creative control.
He'll sit with Vinny and say, Vinny, come here.
Not church.
At church, too.
He'll bring me in church.
I think there's levels to creative control.
But to say you can't talk about this, you can't talk about that.
After you negotiated that you would, that's a problem.
Okay, so let's go to the next one.
Victoria's Secret returns to sexiness after woke feminist campaign fails.
Victoria's Secret is abandoning its woke marketing approach and returning to its hypersexualized image after nearly three years of falling sales.
According to President Greg Eunice, the brand is refocusing on sexiness.
Interesting.
I wonder why.
While claiming it can celebrate the diverse experience of our customers, rebranding effort, which began in 2019 with the suspension of the famous Angels runway shows and continued in 2021 with the introduction of the VS Collective, including figures like Megan, can you pull up actually Google the VS Collective and go to images, see what comes up?
Including figures like Megan Rapinoe has not been successful.
CEO Martin Waters admitted that despite best efforts, it has not been enough to carry the day to recover from projected revenue decreases, including a 5% drop in 2023 compared to the previous year.
Victoria's Secret is resuming runway shows, relaunching swimwear and activewear lines and modernizing its physical store.
Kayvon, what do you have on this story?
What are your thoughts on this?
This just proves that being woke doesn't work for so many things.
And how do you mess up TNA?
Like, we already love it.
You have to go out of your way.
And it's not just the Megan Rapino.
Scientific, right?
That's kind of science.
It is.
Trust the science.
They went and made 300-pound mannequins.
You're trying to sell women and men on the fantasy of lingerie.
Yes, these people exist, but you're selling the fantasy.
So you got a 300-pound mannequin.
They told me I can't use my plastic straw in my smoothie.
And they're using all the straw plastic to make the bigger mannequins.
I call them manatees.
And they need to fire all of their experts because you look at it.
There is a there's the stock market, which has gone down 5% for them, but there's the appendage market.
You don't need an expert.
You just see if the man looks at the outfit and it goes like that, that's going to do well.
And if they go, that's not going to suck.
Wow.
What an angle you took.
Now, you have to be able to have technology to see through clothes to see what it's doing.
But Vinny, what would you say to this?
I'm furious.
As somebody that's been analyzing their content for many years, I'm actually furious, Pat.
I love that big, huge, like, because some of the runways, I guess, broke.
Like, I'm in, like, I don't know why they're changing it back.
The runway broke.
The runways.
And I just feel like.
It's funny.
The runway became a half pipe.
Nothing turns me on more than looking at somebody.
I'm like, wow, that's a morbidly obese person.
By the way, do you have friends?
Be honest.
Do you have friends that like big girls?
100%.
I do too.
Patrick.
Can I ask you guys?
I've had a roommate.
Can I ask the ethnicity?
Are they Middle Eastern or are they black?
I'm not even going to tell you.
My guy is Middle Eastern, and he's a good-looking, handsome guy.
And he's like, I have friends who like big girls and they're across the board.
Now, most of the time, when people will say guy that likes big girls, they're also big or they're not handsome or something like that.
But believe it or not, there were some very good-looking guys that preferred big girls.
Now, to each his own, one liked super, super big girls.
Okay.
Where it was just, and by the way, he was my roommate in the army.
So you had since girls.
See, here.
Are you kidding me?
Like, I was like, I would say, it's two o'clock in the morning, buddy.
Take a break.
No, look, you know what's the best thing about what's going on with Victoria's Secret?
Okay.
Victoria's Secret was a good buy three months ago.
Somebody should have bought Victoria's Secret three months ago.
Maxim just came out with another woke thing.
Did you see about what Maxim just came out with?
Maxim Magazine.
Just type in Maxim Magazine woke.
And you'll see if you type in Maxim Magazine woke, zoom in a little bit, zoom in a little bit.
Why Maxim?
Go ahead.
Go ahead.
And the top 100, right?
The top 100 hottest people.
You know who's in there?
Marco Robbie's in there, but you know who else is in there?
A trans man is in their top 100 hot list.
Transgender woman is the top 100 hot list.
By the way, Maxim Magazine is a great buy.
Do you remember when Maxim Magazine used to be 300 pages full of high-quality content?
They were sick.
They were selling sex.
They were selling it to the young 24, 25-year-old, 30-year-old, you know, going out there.
Lifestyle, it was like one of those magazines everybody wanted to buy.
And then all of a sudden, boom, they go woke.
Okay.
So Victoria's Secret.
I'm glad, by the way, that's one of the top 100 best-looking women in the world.
Wait, wait, wait, wait.
No, no, no.
According to Maxim.
You swear.
Bro, go up.
Show the content at the top, Rob, so they can see it.
So that's before and after.
He is 92 of the top 100 hottest women in the world, according to Maxim in Australia.
Look at that.
How do we?
Look at that.
That's the point.
But here's the part.
You know what's the best thing about these types of dumb ideas?
It takes a year, two years, three years to get exposed.
That's exactly what's going on with Victoria's Secret.
Tom, for somebody that's on their elite Victoria's Secret shopper, what would you say about what Victoria's Secret is doing?
The change?
Yes.
My name is Bill Clinton, and I approved this match.
Bill is bad.
And here's my question: though, when, when you know what I think it is, I'll give you honestly, from an entrepreneur, just a management standpoint, they let themselves be swayed by the mob, not by the data that they knew about their products, not what they understood.
They let themselves be swayed by the mob.
And they just took an economic holiday that is actually left, to use a BizTalk phrase, that has left them worse than they found them, that left their own finances worse than they found them.
So there's the consequence.
You bow to the mob.
You don't do what's right for your customer.
And you're going to wake up one day.
That mob isn't going to help you move your stock price back up.
That mob doesn't care about the losses you got.
That mob doesn't care what you're enduring.
They're just going to go out and try to intimidate the next one.
And that's what I think.
But here's my question, Pat.
You're a CEO.
You own multiple companies.
PHP, huge company.
I don't understand how they allow this woke.
Like, for instance, Bud Light did the Dylan Mulvaney billions of dollars, right?
Target, they were going after, you know, the kids sexualized and killed.
Bud Light supposedly wasn't top-down.
Supposedly, it wasn't top-down.
It was the independent marketing group that was for Bud Light.
They had their VP levels.
They had authority, and they took this step and they stepped in it.
But Tom, my point is.
I don't know about that, Tom.
Tom, somebody else.
Let me give you my think here.
Everything rises and falls on the leader.
Okay.
So as much as you and I met him, we had a conversation with him.
The CEO was a former CIA agent, former Marine.
Yep.
Stud of a guy.
Went to Harvard.
Smart guy.
Smart guy.
Had a very good conversation with him.
And I told him to his face when I spoke to him: how do you not know a marketing campaign like that you do?
And you mean to tell me you empower everybody to make those decisions without running that big of a campaign, that controversial campaign through you?
I'm sorry.
If you didn't know about that, then you're not fit to run a company that big.
Exactly.
You have to have leaders that know these are the things that are the no-goes.
For example, you know what I would do?
Here's what I would do.
So, I would take the angle of saying that, you know, how when we first raise our capital, the first capital we raised, no, the second one, $10 million we raised.
Hey, anytime you are making any kind of decisions above a half a million dollars, guess what?
What?
You guys have to know.
Give us a call.
Yep.
Okay.
So what do we do?
We never called them.
Well, tell them what that meant.
Tell them what that meant.
You didn't hear what I just said, Tom.
No, I did.
No, you did not hear what I said.
Of course, they know what it means.
It means every time you're making a purchase over a half a million, give us a call to confirm.
So, of course, we call them every single time.
We'd have that friendly conversation.
Well, most of the time.
But here's the part.
The point is, we would call and we would say, hey, we're going to do this.
It's going to cost $2 million.
Okay.
Tell us the number.
Okay, great.
We're going to do the $600,000.
Great, no problem.
So if a person is running a company that big, you would say any marketing campaign that is public, branding us, has to be seen and approved by these four C-suite executives.
I would choose two that are from the left, two that are from the right.
That's how I would do it.
And I would say, look, these guys are this side.
Give your opinion.
These guys are this side.
We would have a board and an environment that encourages debate.
Okay, where you guys can hash it out and argue with each other and say, here's what I think is a good idea.
Here's what I think is a bad idea.
No problem.
And then if it's a big campaign that you're doing something that's controversial, having to be tied to Israel, Middle East, wars, LGBTQ, anything like that, I must approve.
Okay.
So I'm not convinced Anheuser-Busch didn't know about it and they just kind of went through it.
And if they didn't, I think it's mismanagement of something like that that costs them $30 billion.
But go ahead.
Finish your thoughts.
I'm just curious.
It's still costing.
It has not bounced back.
I'm just curious, Pat, because when is the left going to realize your woke shit doesn't work from the Bud Light, from the Target.
So defund the police.
They're batting over 1,000.
It's like, at what point, Pat, are they going to go, okay, guys?
No, I don't even want to hear any of your stupid shit.
They're not winning at all.
Zero wins.
Not even a hit on base.
This isn't their playing field.
They don't care.
They're not trying to win here.
But trust me, common sense always prevails.
But before common sense prevails, a lot of people get destroyed.
This isn't anything new.
How many people do you know?
Like, you know, I've seen guys that would have been giants with us in sales in the insurance industry or even here.
They would have been giants.
Okay.
They chose a short-term girl over their career.
I've seen girls that would have been incredible.
They chose a short-term six-month flink thinking he loved her, but it was just a flink.
He wanted just one thing.
And then she fell in love, ruined her career.
And eventually, three, four, five years later, they said, I was wrong.
And common sense prevails.
But that guy stole five years of his life.
That guy, five years of her life, or, you know, she stole five years of his life.
This happens.
We've been guilty of falling for this trap many times.
So common sense prevails, but I want to go to this other story that has to do with this.
Okay.
We live in the great state of what?
Florida, right?
Florida.
Ron DeSantis, okay, has done a phenomenal job, but obviously he's being targeted.
So watch what's happening with Florida insurance premium that everybody is talking about.
Rob, if you can pull up the logo at the top so we can see it's Newsweek.
So this is a newsweek.
Zoom in a little bit more so they can see it.
There you go.
Newsweek magazine.
Florida residents flee state as insurance premiums skyrocket up to 900%.
This is a topic of discussion across the country.
A lot of people right now are trashing and bashing Florida and DeSantis.
Let's go a little bit lower on the numbers.
Okay.
So for years now, the sunny vibrant state of Florida, a magnetic destination for many Americans, a phenomenon which has been driving up demand for housing, especially during the pandemic, as well as home prices.
But while Florida was the number one state in the country that people moved to in 2022, it was also the number one with the highest number of residents wanting to relocate according to self-storage.
According to the U.S. Census Bureau, an estimated 275,000 people left Florida in 2022.
Nearly 23,000 people every month, most according to the Bureau, relocated to places like Georgia, 47,000.
North Carolina, 42,000.
Tennessee, 36,000.
South Carolina, 31,000.
Texas, 30,000.
Somebody would read this article and say, oh, my God, Florida's losing it all.
Go a little lower.
Go a little lower.
The part about $1,700 versus $40,000 right there.
Homeowners insurance premium have tripled in the state of the past five years with residents currently paying on average of $4,200 per year.
The national average is $1,700.
By the way, this is an accurate number that they're talking about.
Some insurance premiums have risen about nine times what they were in 2022.
Oscar, chief executive of NSI Insurance, told WSA Wall Street Journal with multimillion-dollar homes generating premiums costing as much as $600,000 a year.
I know on what these numbers are because I'm kind of going through this.
However, here's what I want you to do: if you go to the top where it says how many people have left the state of what do you call it, the state of Florida.
When you read that article, what is your immediate reaction?
What do you say?
You say what?
Oh my gosh, I'm being spun.
23,000 people are leaving Florida.
I thought they were moving to Florida.
This is terrible.
I guess the other news was wrong.
Yeah, and then you actually go to the U.S. Census Bureau to verify, see this number.
And then this is what the U.S. Census Bureau says, Rob, I just texted it.
Fact checks.
You have it.
It's called Fact Check Pan.
Pull this up.
No, but the part is that media not telling the entire information confuses people.
Of course.
Okay.
Totally confuses people.
This article is telling you, oh, Florida's like California now.
People are leaving Florida.
People are leaving Florida.
Pull up the article I just sent you, Rob, if you could.
It's in the link.
This is, by the way, the level of manipulation on how they're targeting the Ron.
Listen, I've called that Ron DeSantis a lot.
I'm not sitting here saying I'm 100% supportive of everything he does.
Their camp probably wouldn't look at PBD podcasts as a pro-Ron DeSantis camp.
No.
But here, when you're targeting a guy that's done a phenomenal job for his state, the entire story needs to be told.
Go all the way to the bottom to look.
Okay, the domestic net migration by state.
That's the number.
The number you're looking for is what?
Net migration.
Go all the way to the down that it gives you the plus minus.
Keep right there.
Right there.
That's the number.
Look at this.
The number one state in 2022, net migration is what?
318, 855.
You know what this means?
You know the number Newsweek says is 275?
Yeah.
That means if 275 left, you know how many came?
Here's what this means: it's called 275 plus 318.
Here we go.
600,000.
Here we come.
593,000 moved here.
That's 50K a month, but 23 chose to leave.
The net is 318.
That's why you always look at the domestic net migration.
What's number two?
By a mile.
Another great state, Texas, 231.
Then it's the Carolinas, then Tennessee, Georgia, Arizona, Idaho.
What do you notice there?
Red states are attracting people.
Now go to the bottom.
Who do you think is all the way at the bottom, by the way?
Go all the way to the bottom, all the way to the bottom.
California, minus 343.
Holy shit.
Minus three, then it's who New York, then it's who Illinois, then it's New Jersey, then it's in Massachusetts.
Blue, By the way, New York, where the news week is located.
You know what you and I have in common, Tom?
Let me tell you what you and I have in common.
I want you to think about if a man, okay, had the privilege, okay, the satisfaction of having been with Marilyn Monroe, Elizabeth Taylor, and Sophia Loren.
He can expand and speak on their different styles in the bedroom.
Yes.
Marilyn Monroe was like this.
Sophia Loren liked the pillow like this.
You know, Elizabeth Taylor liked XYZ toys.
Whatever.
You can kind of expand on that.
All right.
So check this out.
I lived in California for 20-something years.
I lived in Texas for five plus years.
I've been in Florida now nearly three years.
January, it'll be three years that we've been here.
So I know California.
I know New York.
I know Texas.
Texas, phenomenal place to raise a family, to have your business.
It's an incredible place.
Some of the places they're trying to turn blue.
Austin's getting blue.
The homelessness problem in Austin is a real problem.
California is still a shit show.
Okay.
People are leaving.
Companies are leaving.
Parents are leaving.
They're sick of what's going on in California.
And when you look at the great state of Florida, what do they keep doing?
They keep attracting.
They keep standing up.
Do you know what DeSantis just said?
He said, if Biden chooses to take refugees from Gaza, he says, you know how many people can come to Florida?
This is how many we're going to take.
This is how many we're going to take.
If that offends you, Florida's not the state for you.
I highly recommend you go to California.
When these people are sitting there saying, I feel uncomfortable with my kid not being able to transition in the state of Florida, you know what I tell them?
California is a great spot for you.
Beautiful.
Keep going there.
And remember when we were in California?
I don't know if you were with us, right?
When we went to the debate, you didn't go to Ronda.
No, I wasn't in the Cali.
We had a big debate at Yoshinoya with this one guy that pulled up to me saying, I love your content.
The only thing I don't like about you is the fact that you bash California.
We had a 30-minute conversation.
I said, sit down, let's have a conversation.
At 11.30 at Yoshinoya, okay?
Now we're having this conversation.
Don't ask us why we go to Yoshinoya.
I secretly love Yoshinoya.
Yes.
Takes me back to being 14.
The wings are great.
Yeah.
What's the moral of the story?
Here's the moral of the story.
When people show you numbers and data, unpack the numbers to see really what's going on.
When I saw these numbers, you know what I noticed?
Watch what happened here.
You know what insurance company just left the state of Florida?
What insurance company just announced they're leaving the state of Florida?
A company called Farmers.
What?
They left the state of Florida.
So now everybody's saying, farmers left the state of Florida.
Yeah, they also don't do business in Hawaii, in Maine, in New Hampshire, any of the, what do you call it, coastal states?
And even in California, they're regulated, right?
But this article, no one looks up and sees what other places farmers left.
They left this.
And here's what people don't realize.
You know who's the first person that signed the UN agreement to make more companies follow the ESG environmental social governance?
You know who was the first company that signed it?
It was farmers.
Oh, weird.
And you know what?
Jimmy Petronas called farmers the butt light of insurance.
Oh.
They're about to be the butt light of insurance.
Anheuser-Bushvin Insurance.
By the way, the reason why I didn't even have plans of going into this story, when you guys talked about Victoria's Secret, automatically I saw what's going on here in the state of Florida.
I thought we ought to talk about it.
Tom, do you have any thoughts on what's going on here with Florida?
Wow, farmers.
So we are leaving.
Bum bum bump.
That's right.
No, it's very simple.
Jimmy Petronas is right.
And Jimmy Petronas, by the way, he is basically the CFO of the state of Florida.
And he is responsible for economic forecast and the making it attractive environment, understanding regulation, because, you know, we have property taxes here.
We have things.
You got to pay for fire trucks and police somehow.
And we don't have a state income tax.
And so he is out there basically just putting companies on notice that if you, guess what?
If you want to come here and you want to play right, guess what?
I got a great economy for you.
I got a lot of people here and you can do what you want.
You want to go be a little bit weird and then you want to get mad and leave?
Take your marbles and go home because there are other people here that want to serve the people of Florida.
There you go.
Okay, Rob, do you have any kind of the poll that we asked earlier about how many of our guys use Android versus iPhone?
I'm actually curious right now how many people did the poll.
Yes.
So I ended the poll after we stopped talking about that, but we had 2,200 votes.
50% of the audience uses Android.
Wow.
49% uses iPhone.
Wow.
You know what?
I'm actually very impressed by that.
The fact that how diverse and how close it is between the two.
Because if you look, what do you use, Rob?
Are you an Android or an iPhone?
iPhone.
Yeah, your iPhone, your iPhone.
You have to know where I don't like those green bubbles.
The green, right?
The green is a problem.
In our interview process, we say, are you green or blue?
Excuse me.
Excuse me.
iPhone or Droid.
You can't do it here with Droid, right?
Anyways, okay, that's good to know about the audience.
All right.
Next story to go to.
Let's talk about what's going on with real estate, okay?
So to all our friendly real estate folks out there, you may want to skip this next part or just listen up on what's going on because I've asked many of my friends who are in the business that are willing to be reasonable and give insight on what's going on.
They're telling me it's going to be a rough 2024.
But maybe we're wrong.
Okay, there's never been a worse time to buy instead of rent.
This is the title to the Wall Street Journal article on October 19th.
The cost of buying a home versus renting has reached an extreme level with the average monthly new mortgage payments being 52% higher than apartment rent.
52% higher.
That means if the mortgage payment is $3,000, the rent payment is give or take $2,000.
Okay.
That's the widest gap since at least 1996.
Again, 27 years we're talking about.
Factors contributing to this imbalance include surging debt costs, esturial mortgage rates reach 8% and housing prices driven by increased demand for domestic space during the pandemic, rising house prices make it challenging for renters to afford down payments.
And while a collapse in prices could restore balance, it's unlikely in the absence of a major recession, the oversupply to rental homes, weak tenant demands, and low vacancy rates are also impacting landlords and institutional investors in a U.S. housing market.
Tom?
So this is not a surprise.
So the interest rates go up.
And when the interest rates go up, mortgage rates go up.
So now it's more expensive for your payment for the same size house.
You know, if you bought the same size house, you know, last year or this year, your mortgage payment is going to be much higher.
We've talked about that.
We've shown how these 8% rates have effectively doubled the mortgage payment.
So now it's expensive payment.
The other thing is, is when there's a limited supply, like when there's only nine Mickey Mantle cards and only two of them are perfect PS, near perfect PSA 9s, those cards are million-dollar cards.
It's because of scarcity.
And what we have right now, we don't have a lot of houses on the market for sale.
And can they see the chart, Rob?
Can the folks see the chart?
There it is.
So starting in 2011, 2011, it was right after the crash.
So you see the peak there.
2006, housing was very expensive.
It was very expensive to buy versus rent.
Then you had the big short and everything we know about that, 2008, whammo.
And all of a sudden, hey, 2011, I could buy a house.
And that went on for almost 10 years where it was sort of neutral.
If you could save a down payment, you had a reasonable mortgage, see there.
But then when COVID happened and the inflation went up, then they raised the interest rates.
And a lot of people were like, hey, you know what?
If we move to Florida, hey, Kim, if we move to Florida to retire, you know, let's just Airbnb our house.
One of the kids says they could Airbnb the house.
We got a 3% mortgage here in Philadelphia.
Let's just Airbnb the house.
Do you want to sell it?
No, Let's not sell it.
Let's keep it.
And guess what?
That's what's going on.
People are keeping the low mortgage houses they have.
So if there's fewer houses for sale, it's just like when there's only 10 Mickey Mantle cards and everybody wants it.
The price goes up.
So now the homes are way too high.
If you could put together a down payment, great job, got a bonus, found something you could afford, your payment's going to be high.
It's going to even good credit.
You're going to be a 7.5% mortgage.
So that's what's going right now.
So with payments high and housing prices high, there's the graph.
There's never been a worse time to buy a house.
So moral story for the value team and audience, don't feel bad.
Don't beat yourself up.
Save your dollars, save your money.
The situation will eventually turn around.
See that chart?
The situation goes in cycles.
It may take a while.
Find someplace great to rent.
Rents may not be cheap.
You may have to work it.
You may have to be very opportunity.
You may have to move in with your parents.
You may have to move in with your parents or something.
Some of these stories that we're going to do.
But that's what's going up because you know what?
Interest rates are.
Do we have the interest rate chart?
Do we have that old?
Yeah.
This is sort of the Victoria's secret stock chart and the interest rate chart all built into one.
I thought Rob had it here.
And it was there it is.
Wow.
So you can think of this as interest rates going up or Victoria's secret stock now that they've brought the good girls back.
So we bring back the pickle chart.
So it's not slowing down when you're looking at this.
But here's the thing.
Okay, so last year I made a video about real estate taking a hit.
I got a lot of heat.
A lot of people from the real estate market saying, Pat, you don't know what you're talking about.
You know, all this stuff about real estate.
And I'm willing to hear these guys out that have been in the business for 10, 20 years.
I even got on a podcast with Tom Ferry, and we had a conversation with him and his buddy about, you know, what's going on with real estate.
But the main thing they talked about is look at foreclosures because during COVID, there was a foreclosure bump, but it's because they suspended foreclosures for a couple of years.
And they weren't letting that happen.
So it wasn't a real bump of foreclosures.
However, here's New York Post.
Foreclosures continue to surge.
This is not a good sign for real estate.
Are they a threat to the housing market?
Foreclosures noticed a surge in third quarter with 34% increase from the previous year, reaching nearly 125,000 homeowners.
This represents a 28% rise from the previous quarter.
About one in every 1,121 properties faced foreclosure filings in the third quarter.
Not a big number, reflecting the expiration of pandemic-related moratoriums.
So they're kind of like relying on moratoriums to not get kicked out, be able to stay there.
They were protected.
While rising foreclosures and home prices, high home prices may raise concern of a repeat of 2008 crisis.
Experts believe a foreclosure crisis is unlikely.
Risky mortgages with sharp payment increases have largely disappeared.
Lenders have tightened qualification standards and there is a currently high demand for homes.
This is true because in 2008, people bought a pick a payment loan or the NEG amortization loan or whatever you want.
There's a bunch of different names for it.
And most people were paying the minimum.
You had four options.
Minimum, interest only, 30-year, 15-year payment.
15-year payment was the highest.
Minimum, you're paying less than interest.
So your loan amount would get bigger and bigger and bigger.
It was negative amortization.
Those guys, when the two years came up or the three years came up or the five years came up, your payment went from $1,920 to $4,200.
People can't afford to pay by.
Because they locked you in.
The fun time was over.
That's right.
You had a real payment.
The whole concept was buy it on Negam, dude.
You're setting three years and make $200,000 of equity, but it backfired.
This is not the situation because we don't have a lot of NAGAMP payments today.
It's a lot of 30-year fixed payments or 10-year interest only.
We don't have a lot of that mess.
So this thing's partially true.
Foreclosure rates vary across states and metropolitan areas with New Jersey having the highest state rate, following South Carolina, Delaware, Nevada, and Maryland.
Tom, when you see foreclosure, I want to get your thoughts on that.
And two, your thoughts on what Jerome Powell's talking about with interest rates.
What are you expecting to happen with interest rates?
So two things.
So first of all, we'll talk about foreclosures really quick, and then we'll get to a forecast with Jerome Powell.
So foreclosures right now, this is affecting a lot of subprime lenders.
And also, by the way, four of those five top states are blue, blue policies.
I mean, let's take a look at what's going there.
And so there's a lot of things that are interrelated here.
When you have what we've had, two and a half years of bad inflation, with one and a half of those years being really bad.
Remember, inflation is down, but that doesn't mean all the prices of everything returned.
People, you know, gas may be down in certain areas, but it's still four or five bucks higher what it was.
You go to the grocery store and they tell you that inflation is back down.
Yeah, but that grocery cart pricing hasn't come back down.
Maybe eggs came back down off their spike.
So people have been pinched.
Who?
The basic Americans.
And they call that subprime.
I wish it was another word for it because it's almost insulting.
It just means people that don't have the highest credit and don't have the greatest economic capability.
So in other words, the people that could ill afford to be hit by inflation and by a tough economy and job market that's starting to show up with some layoffs now.
Guess what?
Those are the people with subprime mortgage that were living on the edge.
And what do you think happened?
It doesn't have to be Florida.
If the house has gone up, property taxes adjust in many jurisdictions.
Sometimes property taxes don't adjust until you buy and sell a house.
Sometimes they adjust up.
And the homeowner's insurance comes up and the cost of overall ownership and inflation.
And suddenly those people find, wow, guess what?
I can't make the payment.
And so now the subprimes head toward foreclosures driven by Bidenomics and the economy.
And that is what has happened to these people.
We'll get to John Perrell in a second.
I want to ask both of you.
So Tom, is there going to be a breaking point?
I know Michael Burry, Pat, he's predicted, he's bet against it.
Do you guys feel that it's something that's inevitably going to happen?
And this administration, Pat's just hanging on for as long as they can so it doesn't happen during their administration.
Can I give you a scenario?
Please, please.
You know, I'm having this conversation with Brandon.
And you know, Brandon is BizDoc on unusual suspects.
On steroids, because he's one of the smartest guys.
I'm sorry, I forgot about his biceps.
Yeah, he's got to do double buying on X1.
I love the shirt he wore on the last episode.
But let me kind of talk about this whole thing you're talking about with market crash, okay?
With whether it's going to eventually backfire something happening.
Got you.
You know what's worse than a market crash?
What?
A market crashing up.
You know what happens when a market crashes up like Venezuela did?
No.
Here's what it means.
Okay.
Do you know?
Oh, my God.
You know where I'm going with this.
So these guys printed trillions of dollars into the economy.
That money's in the economy.
Print it, Pat?
You said printed?
No, no.
That money's in the economy.
They fed the economy trillions of dollars.
So that money goes where?
Whoever has the most value to be shown, that's where the money flows.
The money doesn't stay with a person that doesn't know how to manage them.
If you don't have value, the money goes away to somebody else.
A reverse market crash would happen.
Do you know what would happen if right now Jerome Powell decreased rates to 6%, 5%, 4%, 3%?
Do you know what would happen today?
You think that house that's $900,000, that the value hasn't moved even when they raised the rates to 8%, that $900,000 house is going to be $1.4 million?
If it goes to $1.4 million and Dow Jones all of a sudden goes to $48,000, you know what just happened?
This whole concept of rich getting richer, poor, getting poor, it became rich getting richer, poor, getting poor on steroids.
The separation between the two gets wider and wider.
The gap, take the poor, middle America's always been like this.
Then you have the rich top 1%, whatever the percentage is.
You're going to see the gap go like vom, vom, vom.
Did you understand what I mean?
Like this is going to get bigger.
The top rich is going to get bigger.
The middle is going to come lower, but the poor is going to get bigger.
How the hell are you going to, if you can't afford a $900,000 house right now, how are you going to afford it in a year if they lower the interest rates to go to 3%, 4%, 5%?
Some of these realtors that are being irresponsible just telling everybody, well, wait till the rates come down.
If the rates come down, it's reverse market crash.
You want that to happen to Venezuela?
Like, what happened to Venezuela to happen?
Oh, it'll never happen.
You're just fear porn all this stuff.
Really?
People can't afford to buy a house right now.
There's a reason why they're renting.
You're not going to have a customer qualifying for the $1.3 million home.
Yes, you have equity in your house, but even if you got equity on your house, you've got to find a buyer.
Buyer can't afford it.
There's a reason why we have so many strikes going on in America right now.
People are saying, I can't afford my life.
I can't afford a $900,000 loan.
How the hell am I supposed to buy $900,000, $600,000 house?
So to me, when you're saying, is shit eventually going to hit the fan, essentially is what you're asking for.
The amount, The amount of hate and pressure Jerome Powell has right now for taking the rates where he's at, he would have taken it higher.
You're going to give an update on the rate here that he would have gone up another quarter of a point or whatever that is.
By the way, do we have, is this, okay, check this out.
Here's Venezuela's reverse market crash.
No one in the right mind thinks that, Rob, I just texted it to you.
No one in the right mind.
Does anybody think that Venezuela has a great economy?
Does anybody think Venezuela has a great economy?
Does anybody say, oh, Venezuela, their market is freaking amazing?
Stock market, da-da-da-da-da.
Pull this up real quick and show what happened to Venezuela's market right there.
Okay, stock market.
This is what you call a reverse market crash, where the market just goes bingo, boom, straight to the roof, okay?
And it looks like, hey, guys, look how great the economy is doing.
Look how fantastic.
No, no, it's a lie.
It's a lie.
The top 1% is killing it.
The rest are getting destroyed.
Watch this here.
Okay.
You know who would want something like that?
Guess who would want something like that?
The top 1%.
Yeah, the top 0.1%.
Look, yeah, let's do it.
I got my money in the market.
I'm going to be fine.
Overnight billionaires.
The level, by the way, look at the months.
Just go look at the months.
Actually, look, do you guys really see this chart?
Do you see what this chart is?
One week, 10 months, one month.
Guys, it's only a one-year chart.
A year ago, where was their stock?
Venezuelan stock market all the way at the top.
Was that IBVC?
It was at 10,000 a year ago.
It's at 63,000.
The market's gone up 630% in less than a year.
Tom, do you see this chart?
Yep.
In less than a year.
So I pray, and every American person and realtors and loan officers should be praying for rates to stay the way they are for a little longer.
They should.
At least another year or two.
It needs to stay at this rate.
Then maybe we level off at six.
FYI, if unemployment and things don't start moving, you know what Powell's going to do?
He has to go up another quarter.
He has to go up another quarter until that moves.
So there's a bigger crisis that's brewing right now that most people are not talking about.
It's called a reverse market crash.
That's a scary side.
Let me paint a simple picture for you.
Okay.
Step one, the U.S. government gave out like $1.4 trillion in stimulus checks.
Over the next six months, and we've talked about it on the show, credit card balances dropped to under half a trillion dollars, like 400.
Okay.
Then they went all the way back up to 900 at the same time the stock market started running.
You want to know why?
You know where all that credit card debt is?
Stuff.
People bought stuff.
Stuff that was sold by companies on the stock market.
Remember they were saying, well, you know, we were getting out of COVID and the market's way up, so I guess things are okay.
No, no, no.
We printed $1.4 trillion.
People paid down their credit cards temporarily, but went back to their spending habits.
Restaurants were open, able to travel, and they spent all the way up now to the credit cards are an all-time high, right at a trillion dollars right now.
And all that money, it went to the stock market.
How did it go to the stock market?
The profits of the companies that sold them all the stuff.
Do you see it?
So it runs to the top.
That's part one.
And part two, I wish we could find it.
Rob?
This is an issue that no one's talking about.
Do you guys follow how that works?
The money runs to the bottom line of companies and the pockets of the top 1% that own those companies.
Now, watch this.
Remember you just saw the chart, Venezuelan chart.
So go to Zillow and find me any house in Fort Lauderdale over $2 million.
And then, Powell, while he's looking, so that's going to separate the poverty, like very bad.
And it's serious.
It's not a so that and you're saying that that might happen where if Powell doesn't lower rates, it's not going to happen.
So the key is for him to hold ground and not fall for any phone calls that he's going to get in the next nine months about changing and lowering the rates so the market moves because elections are coming around the corner.
Scroll the bottom of the bottom.
I don't know what Powell's going to do, but we will know to give him proper credit by January of 2025.
It's going to be a very hard next 15 months for Powell.
And so Venezuela's screwed then, right?
From what they just did, their future does not look bad.
Why do you think Venezuela finally Maduro agreed to come and negotiate with Biden to say, we're willing to sell oil to you and we're willing to do a real public election fair, even if I lose.
Why would Maduro agree for something like this?
Because his people are getting crushed.
Public embarrassment on what's going on with Maduro and Venezuela right now.
Absolute public embarrassment.
Zillow is taking the charts off, Pat.
You know the one I'm talking about?
They used to have the charts in here.
Scroll down?
Yeah, they show it at the bottom usually.
The pricing history.
Pricing goes up.
There we go.
Take a look.
Does this look like the Venezuelan stock chart?
Do you notice something that happened?
It's normal, bro.
But by the way, okay, if you guys want to talk about my house, let's talk about my house.
It's print money.
Okay, Tom, let's talk about my house.
You know, there was a record-breaking sale in Fort Lauderdale last week?
My realtor sold it.
You know what the house sold for?
$40 million in Fort Auderdale.
You know how big is the land?
0.4 acres.
No way.
Our house is 1.2, 1.3 acres on the water, 810 feet of water frontage, one of the biggest in all of Fort Lauderdale.
We bought the house for $20.4 million, two years.
That's the house right there.
Zoom in.
Right there.
When is the date on this?
Can you zoom in so I can actually give the real date?
Beachfront home.
Just that square right there, Pat?
0.4 acres sold for $40 million.
What?
Record-breaking.
By the way, our house that we bought for $20.4 million two years ago, we closed on June of 2021.
That house today is a $40 million house.
Some say more.
Okay.
Now, I may sit there and say, look at me.
I made this money.
Totally get it.
But guess what?
I want people living close to my community to have economic growth because if people around you are having economic growth, your kids are in a safer community.
You're doing better.
You're not worried about going shopping.
You're not worried about what your wife is doing.
You're not worried about what your employees are doing.
You feel safer.
You want the people in your community to be doing better.
This is not good.
Okay.
This is very good.
Money-wise.
Yeah, we made a quick, you know, $20 million say on the house.
Yes.
But if this continues, yeah, it's going to be a very, very catastrophic issue.
When you see numbers like this in one-year goal like this, it's not real.
It's fake.
It's purely temporary, by the way.
If this continues, your kids are going to live with you forever.
And Vinnie and I are moving.
I'm going to move in.
Guys, let's figure something out.
Your garage is bigger than my house.
Let's figure something out to do something like that.
But no, I mean, to be serious, as much as we're having these types of conversations, kind of like what's going to happen here, I just hope Jerome Powell and the establishment doesn't have dirt on him from his past with a girl or with a man or anything else or with money or with his kids or anything to come to him saying, we have this on you.
You better lower the rates.
I hope that knock doesn't happen to Jerome Powell.
Because if it does, it'll be temporary market going up, celebration.
Sugar high.
It'll be catastrophic for the next four years.
25 through 29 will be catastrophic if he lowers the rates.
Speaking of Powell, it sounds like he's doing something what I think is sensible right now.
He's come out and saying, we were expecting a Halloween quarter point and then nothing to the end of first quarter.
That was all the Fed board of governors were all talking about the same things.
They look at economic factors.
Well, they don't want to spook the market.
Another quarter point will spook the equity markets, the stock markets.
They don't want to do that.
And they also feel that right now, inflation has not gone down to the 2% target they wanted it to go down to.
It's fighting hard to stay at like 4%, give or take.
But what Powell has said with the war, with uncertainty, with a lot of things on there, I'm going to have a rate increase pause.
And everyone on the Fed board seems to say they're going to go through fourth quarter.
We're one month in the fourth quarter now, almost, almost November, and through first quarter.
So we're going to get to the end of first quarter because the end of first quarter is when you see how good Christmas was, how good was spending, how good it was, all that.
And take a look at how it's going.
So what they're saying is, I have given you the remedy for your food poisoning.
Now you just have to kind of wait it out.
You know what I mean?
You have to wait.
And talking about waiting to the end of the first quarter.
I think that's sensible because I don't want volatility.
What Pat is talking about is volatility, and it runs in two directions.
Crash, crash, ha ha on the rich.
You lost everything.
Yeah.
Well, so did your 401k.
So did other things that are going on.
And now it's near impossible for you to do that.
You don't want it.
No.
You know, it's easy to laugh at the risk.
What are they going to do?
Print another $1.4 trillion?
Get ready for $16.
Trust me.
Trust me.
I'm telling you.
You know how many people are coming right now saying, Pat, I can get you 45.
I can get you.
You know how many strange phone calls?
We're not selling a house, bro.
The way to capitalize right now would be to sell, sit on cash, rent two years later, come back, buy, kind of like play that game.
And then when you're talking to your investment bankers, we're talking to your money managers.
It's like, okay, do you go equity?
Do you not go equity?
You're talking to your peers.
Okay.
If you go equity, rates stay high, unemployment takes a hit, recession comes next year, equities could get destroyed the next 12 months, could get destroyed the next 12 months.
But if you're not in equities, Jerome Powell lowers the rates and it goes to whatever, 4%, 5%.
That's going to go to 41,000, 42,000, potentially within 12 to 18 months.
Yes or no?
It'll go like this.
Skyrocketing.
Okay.
So then your risk is: do I stay in the market?
Do I not stay in the market?
Both ways, it's risky today.
There is no path to look at because we've never experienced printing the kind of money that we did going through a pandemic that we did, going through working from home shit that we did, going through two wars that we got going on, one of them being so unstable.
This is like, there is no financial analyst that knows the right investments to make today to weather whatever is possible, capable of happening in the next three, six, 12 months.
So what do you do?
You just have to do that.
You have to do that.
You have to own a little bit of gold.
Okay.
This is not a sponsorship.
I just tell you, the best sponsorship is when I'm not doing a sponsorship.
You have to own a little bit of gold.
You have to look at what Bitcoin did.
You know what Bitcoin hit?
Have you guys seen what Bitcoin just hit?
It gets right back up.
Go to Bitcoin.
Where's Bitcoin at right now?
Yeah, look at Bitcoin.
Like people like, Bitcoin just hit what?
35,000?
36, 35,000.
Bitcoin was like, gosh.
Go last year.
Go last year.
Yeah, exactly.
Yeah.
Look at that.
Hit 15,000.
It's at 35,000 now.
And look how it's going up.
Double.
You know, BlackRock just bought, I think BlackRock just introduced Bitcoin ETFs.
It's so unpredictable today on what's going on.
The danger.
Sorry, sorry, sorry.
Go ahead.
All I want to say is I'll give it back to you.
You just got to make sure you're, you know, the concept of diversification, you know, normally is not something I would say all the time.
Today, if you can predict the future and you're willing to go fully risk, which I'm comfortable with, then do that.
You're taking a risk because you could have a massive this or a massive this.
But if you don't have that risk tolerance, your solution right now is diversification.
Yep.
And printing money is dangerous.
And Pat and I talked about, and I tell you, I talked about it, I'll take credit for this.
I thought the interest rates were going to go all the way to 10%.
I said so.
And they've made it to 8%, 8 and an 8th.
As a matter of fact, last week, they were actually 8 and an 8th, even if you had 670 credit right at.
Right now, they're about 7.5, 7, 3, quarter.
But there's something Pat said that people don't remember.
And you may not remember, and I'm not trying to insult the audience, but you go back a year ago when Pat said he was really reacting.
We printed what percent of the total money we had ever printed in six months.
Do you remember what the number is?
40%.
40% of the total money ever printed in these United States.
Now, I say print, a lot of people get upset.
It's issued because it's digital now, too.
It's not paper.
It's not all paper.
But we call that money supply.
40% that you did it in six months.
And look what you did to those housing prices.
You did a Venezuela.
Right.
Now, 10% is now.
And so they say now that people say, do you understand now?
You know, it's like the voice.
I just, but I'm telling you, Tom, I hope Powell doesn't break.
I hope he doesn't.
Powell doesn't break because he needs to stay.
It needs to stay like this.
And it's going to be painful.
Guys, look, you know, not to do a plug for my book, but I'm talking to Chris Williamson last week on his podcast.
What a freaking stud of a guy, by the way.
This guy, can you pull up his picture, Chris Williamson?
He's doing this podcast.
And I pull up to this place.
I'm like, Sam, where are we doing a podcast?
He rented out this entire place that filled with bookshelves.
Absolutely sick, sick set that he had.
And we start talking.
And we had a nice 25-hour conversation.
One of the biggest podcasters in the world.
He's a stud.
And we're talking about the book that's coming out.
Choose your enemies wisely: business planning for the auditions for you.
By the way, it comes out December 5th, but we're about to release the introduction and chapter one of the book.
If you want to get a copy, the introduction at chapter one, way before everybody else gets it, text the word book to 310-340-1132.
Text the word book to 310-340-1132.
In the next few days, if you purchase a copy or the audible and the book, we're going to send you to a chapter one and introduction, but just hang tight.
You can place the order and then you'll show me the receipt.
We'll send it to you.
But text the word book to 3103401132.
Let me continue.
A year and a half ago, I'm consulting for these real estate guys, mortgage guys, different companies, not necessarily companies' name as mortgage guys, but guys that are in the mortgage industry.
And I'm telling them, listen, you have one too many Rolls Royce.
You have one too many Ferraris.
You have one too many Chanel purses.
You have one too many of these things.
You're not doing the right thing.
It's too risky.
Okay.
Settle down a little bit.
You're too loud.
You're too arrogant right now.
You're too cocky.
You think you know it all.
You think you're untouchable.
You think you're not going to be hit.
You're not paranoid enough.
You're not concerned enough.
You're not prepared enough.
You're not anticipating what could happen next five, 10, 15 months.
The crisis.
You're drinking too much.
Okay.
The CEO of the company, the oldest company in America that's 1,500 years old from Japan, they said, what is the key to success and for you guys to be around?
He says, don't drink too much.
What he was talking about is don't drink your own success too much.
Don't get too like, oh, do you see what I'm consumed with your own success too much, right?
So today, people are not prepared for what's about to come.
You know, so for some people that have been preparing for this, their wealth is going to go up 5, 10, 20, 40 times because they've been preparing for this.
But those that are not, they're going to get destroyed.
For the people that are in the community, I said, how could you say this mortgage?
We need rates to get down.
I'm getting destroyed.
No, you thought 3% was going to be around for 20 years and your business model is a failed model.
You rely too much on 3% interest rates, which is fake.
We can't have it at a rate like that.
So we have to go back to being responsible.
But I think the next six, 12, 18 months, the whole concept of Team Spur, Spur, Spur.
How much, because you mentioned the election and Powell and pressure and who knows what the hell they're saying, how much of this situation, which is a volatile situation, is going to affect voting for the election.
All those people in the middle.
This is a very, very volatile times we're living in.
Dude, when Jamie Dimon says this is the most dangerous times we've lived in in the last few decades.
Not good.
Why would he say that?
Your bank that you are the CEO to transact $7 trillion it circulates every single day.
$7 trillion.
Why would you say this may be the most dangerous time the world has seen in decades?
You know what a job of a COVID JP Morrison?
Let me just kind of give you an idea what his job is every day.
He wakes up.
You know what his job is?
This job.
What can I say or do to calm my customers' nerves?
Wow.
Guess what?
You don't say something like this.
This may be the most dangerous time the world has seen in decade.
COJ Diamond.
Then you got Warren Buffett and Charlie Munger coming out talking about what they think is going to happen to real estate next year.
Or you got Ray Dalio saying World War III likelihood is now 50%.
Michael Burry.
Why would they say that?
Why would they say that?
They don't want a market crash.
Their money's tied to all of this.
We were warned that Trump was going to cause all this stuff.
It didn't happen under Trump.
And now it's all happening and they're just finding other excuses why and all that kind of stuff.
And by the way, it's so interesting.
You're saying that this is why billionaires like Shamaat are saying, I voted for Hillary.
I voted for Biden.
But now I'm kind of starting to ask myself, maybe what Trump did was a B plus.
Maybe we need him back.
The approval rating you're saying with Biden, all 30 percent, 30 to 31 percent, 30 from Democrats in some areas.
It's like this is so for people, there's only so much American people are going to take with a president they voted for until it hits their pocket in the economy.
They're like, uh-uh-uh.
No, no, it's time to switch.
It may be a time that we may want to switch as America.
By the way, check this out.
If we're done with this part, I want to go to a couple stories of what's going on with Israel.
Okay.
So LA Times, LA Times.
LA Times talks about an article comes out saying the left has really let us down.
Why many American Jews feel abandoned?
This is a story that came out yesterday.
Okay.
Many American Jews who traditionally lean left have been disappointed by the left's response to the recent conflict.
Some feel isolated from the political allies due to the quick mobilization of support for the Palestinian cause without condemning the Hamas attack, which resulted in the death of many civilians, including children.
There's a divide among American Jews regarding their stance on Israel.
And the Israeli-Palestine conflict, while some have long criticized Israeli's policies and want to see an end to the occupation, they also condemn violence and view the situation with nuance.
They emphasize the need for a two-state solution and call for a ceasefire.
On the other hand, some far-left activists have expressed views that Israel is a colonizing force justifying violence against it.
Tom, reaction to this article.
Well, you know, for the LA Times to be writing something, that means that there is a real story there.
You know, to me, for them to be writing something about the left in a negative way, and they're writing saying, hey, you know, the Jewish people in Southern California and other places, according to what we're seeing, yeah, they think that we've kind of let them down on this whole quote, Israel thing.
You think?
Yeah, yeah, Israel thing, a war, people being killed in their beds, you know, is an Israel thing.
And it kind of, I'm shocked, but not shocked, because in the face of reality, Are even the liberal news media starting to write little things?
And that's what I'm thinking.
Is there a glimmer of hope from journalism?
And I don't really think there's a glimmer of hope for journalism, but I get that feeling when I look at it.
I'm like, wow, you know, is it possible?
I think the colonizing, that word they keep using.
And I was watching a really interesting video, and it was talking about which religion is older, who was in the land first.
So it's, do you guys know how old Judaism is?
Average.
There's people argue about all the time.
How old Judaism is.
How old?
Yeah.
I mean, because Assyrians were around what would you say?
Couple thousand years.
Yep.
They're saying 1800 BC.
2,400 years later.
Christianity came after that.
Islam came after that.
It's the newest of them.
It's 700 AD.
So 2,500 years older than Islam.
And so history lesson.
So we're all complaining about 1948.
That's when Israel, you know, took the land, their colonizers.
Before that, it was the British Mandate of Palestine.
Before that, the Ottoman Empire.
Before that, the Sultanites.
Then the Byzantine, Roman Empire, Babylon, Assyrian Empire.
Yeah.
Then the two kingdoms of Israel and Judah, the 12 tribes of Israel, and the Canaanite city kingdoms.
So it's not who was here first from 1948.
If you want to go back to who was here first, you got to go back at least three, four thousand years.
And I mean, and Tom, when you say like, oh, Pat, the left let them down, I mean, who would have followed?
You see what's happening where they're having all these pro-Hamas protests where they're insurrecting at the capital and nobody's saying anything.
You have people in the squad that are just, because mind you, I think there's a big misconception, Pat.
What happened in Israel, horrible.
Okay.
You could still pray and hope that the children and the innocent lives in Palestine are okay.
But when you are pro-Hamas, which is a terrorist organization, I don't give a shit what the hell you say.
That's where you're losing people.
So the left is like, wait a minute, we were all cool and you were on our sides, but you have this happen.
By the way, that these people, I want to know if any one of these people, okay, that are promoting and cheering for a terrorist organization are going to get the FBI to follow all of them home and arrest them and even their people that didn't show up.
And they're going to treat them.
They're going to do 20 years in prison.
So I could see it, Pat, because it's like this is a really horrible situation.
I'm happy that it woke these people up because they're like, oh my God, this is how the left doesn't give a shit.
Outside of Rashida Talib's office is the gay flag and the Palestine flag.
Yeah.
Black Lives Matter flag.
One flag is missing.
The United States flag.
Yeah.
And Pat, if you don't mind me shifting to this, and I know we spoked about it with Charlie Kirk and stuff.
You know what still hasn't been answered, Pat?
Which nobody's talking about?
And John Kirby said, and I quote, now is not the time.
Has there been any update on how everybody came in?
And even worse than them coming in for six hours, Pat.
Let me explain something to you.
Think about this.
It's 10 o'clock right now.
Can you imagine till 4 p.m., people are attacking this one little building, Pat, and nobody responds.
Zero IDF, zero soldiers, nothing happens.
And that's still not being talked to because now it's almost like, nope, nobody cares because Hamas is hiding behind kids, okay?
We have killed.
I'm sorry, Israel has bombed and killed three times the amount of people that were killed in Israel on their initial attack.
And by the way, how many, you know how many innocent women and children it is?
It's astronomically more than Hamas because what are the Hamas numbers?
They don't know because there's only 40,000, how much 40,000 Hamas scattered in there?
They are bombing and taking down like huge apartment buildings with women and children, Pat.
And I talked about this on Brenda's episode.
I was watching like the hospital that was bombed and nobody, you're not seeing this on CNN or anything.
A mother laying there, white, pale face.
She's bleeding out and her three-year-old kid is sitting there shaking with shell shock and you don't see that.
Nobody's talking about those kids.
You know what I mean?
Nobody.
You're not hearing any of that.
It's just, hey, we got to wipe out Hamas.
What about like the grandmothers, the children?
It's insane.
And it's like, at what point are we going to say, okay, guys, time out.
Another option.
You know what, Pat's another option?
Send in some special forces.
Okay, enough.
You killed a lot.
Okay, send it.
Yeah, it's going to be dangerous for the special forces, but I mean, how long is it going to go on?
Now, mind you, Pat, the ground invasion hasn't happened yet.
They're just bombing everywhere.
Wait till the worst is still to come.
And it's like, guys, at the end of the day, I get it.
It was a tragedy, travesty.
We have to figure out why to prevent it.
And when people are like, you're not supporting Israel.
No, no, you know what?
You know what Israel should just do right now?
Beef up your security so it doesn't happen again.
Stop the insane bombing and sending special forces to find these people that are hiding behind and using women and children as shield.
It's like enough is enough, Pat.
When people like peace in the Middle East, we're Middle Eastern, it ain't going to happen.
I'm sorry.
It's too much when religion is involved and religion is the number one cause of death in this in the history of mankind.
It's like enough is enough.
How many innocents are going to die?
So a couple things here.
The first thing is when they're using human shields and you're trying to go in there, there's a few things going on.
Tom, let me just give you my thoughts.
Okay, so let's kind of talk about what you just said.
I got to be careful.
Let's kind of talk about what you just said.
So for me, as a leader, anytime we have to make a big decision, I try to look at it from the emotional and the logical side.
It's very hard to do.
Very, very hard to do.
It's not easy to do.
There's a book called Five Temptations of a CEO by Patrick Lancioni.
I recommend it all the time to business owners.
It's a great book to read.
Five temptations he talks about.
One of them is five temptations of a CEO.
I'll read the five.
They go.
Temptation number one is strategy for overcoming.
Focus on results.
So temptation number one is status.
You want to be pop, you know, oh my God, what's my status?
I'm a CEO.
Number two, popularity.
So you want people to like you.
So the number one is my status.
I'm famous.
I'm a CEO.
I'm a president.
I'm this.
Number two is popularity.
Number three is certainty.
So sometimes because you want a certain decision, you don't necessarily make a decision.
Then it's forced harmony and invulnerability.
Okay.
So these are temptations that CEOs and leaders fall for.
Let's kind of keep this up there and don't take this away so I can look at it.
So as a president right now, you know, you have to make a decision that is not necessarily going to be maybe the most popular decision.
So, and some of the decisions you have to make is not going to be public.
You got to get inventory, all the information from both sides and kind of make a decision for yourself.
One, emotionally, both sides are using videos to get you and I emotional and give permission for reaction.
Okay.
I'm a father of four.
I watched all the videos with kids.
It gets sent to me all the time.
Okay.
Both from the Muslim side, from the Palestine side, from the Israeli side.
You can keep sending me those videos.
I watch them.
It's not easy to watch.
They're heartbreaking to watch.
And remember, this is coming from a guy that lived in Iran 10 years and witnessed war and it was terrible.
I couldn't stand it.
I saw a lot of weird things as a kid.
I should have never seen.
No kid should ever see what.
But, you know, everybody's dealt a different card.
You can't complain about it.
You got to kind of figure out the life.
I couldn't grow up and say, oh, it's unfair what happened to me.
Yeah, it's unfair.
I get it.
It wasn't cool.
I don't want to see it happen to my kids.
But it happened.
So emotionally, very painful.
It's very hard right now to avoid being tempted to join the jump to conclusion community.
Everybody to jump into conclusion.
The more we jump to conclusion, the more we increase the chances of a World War III.
The more we jump to conclusion, the more we increase the chances of division.
The more we jump to conclusion, the more we can be controlled.
The more we jump to conclusion, the more slave we are to our emotions.
Your job as a leader to try to minimize as much of your decisions being made emotionally and try to make it logically.
Not easy to do, very hard.
Let's look at logically.
Okay.
Let's say Israel succeeds and is able to kill 40,000 Hamas members because they got 40,000.
Let's say they succeed.
Okay.
Let's say you do it.
Okay.
Cool.
You got rid of 40,000.
Is the residual effects of that done?
Are they done, done?
So is that it?
That's it.
You will never have prom in the Middle East ever again.
No, you just pissed off Hezbollah.
They got 150,000.
Okay.
You're now going to have someone's kids' cousin that's going to seek vengeance, that's seven years old, that's going to be fed this story of what they did to his mom, dad, brother, sister, everybody.
That's going to seek vengeance for 10 years, and it's going to be 10 times uglier than what you had today.
It's not going to follow.
It's not going to come.
It's not going to slow down.
It's not going to slow down at all.
Iran is just looking for an opportunity to go to war.
U.S. Israel is looking for an opportunity to have permission to bomb Gaza.
They're just looking for an opportunity.
They're all looking for opportunities right now.
And meanwhile, a bunch of people are in the middle of it, okay, on how to handle this.
We are sending $100 million.
Biden just approved $100 million to go to Gaza, okay, to go send to Palestine.
Which the majority is going to Ukraine.
You know that, right?
The majority of that package is going to Ukraine and they're going to get and the money that ends up going to Palestine.
Who knows if Hamas and the group's going to have that money go to its people?
Okay.
Number two, that if you look at logically, as much as like, what do you do with the person that's in a marriage that they're getting abused over and over again by the person they're married to?
What can you do about that person?
Honestly, say you got a woman that's married to a man who hits her with a stick, absolutely abuses her in the community, and she still loves him and she still supports him.
What can you do to her to change her mind?
Do you know 58% of Palestinians in Gaza support Hamas?
42% of Palestinians in West Bank support Hamas.
You think you're going to change?
I'm sorry.
No, you're not going to.
You're getting what you're getting.
You 58%.
So they're using the people as human shields.
There's this meme.
I don't know if you've seen this meme where half of it is showing Israeli in the front with the kids in the back and they're protecting the kids.
And the other meme is what, you know, Hamas people using the kids in the front as a shield to not have Israel attack them, right?
Okay.
It's a very powerful meme.
True or not true, it's a powerful meme on the story that it's telling, right?
Okay, fantastic.
That's the gamesmanship that both sides want to play to wrap, you know, get our emotions, right?
That that's a story.
One is using a wife and a woman and the kids, and the other one is hiding, right?
Bottom left one, too.
Yeah, there's so many of these that you can look at, right?
This is divisive.
If it's true, if it's not true, say it's true.
Okay.
These are not the same types of people as us.
Hamas is not the same type of people as us.
If a person is still loyal to the person that's betraying them, there's nothing you can do about it.
If Palestinians are supportive to that and they're supporting the Hamas way of leadership, look, you get what you ask for.
This is yours.
So let's look at the residual effects worldwide.
Do you want people from Palestine to move to Fort Lauderdale?
Do you?
Do you want Palestinians to move here?
Report came out.
Here's a report that just came out.
And it's coming to us from Fed.
Fed warns that Hamas Hezbollah could be crossing the southern border.
Can you pull up this article, Rob?
Head, the Fed.
This is not like a hypothetical.
This is Fed.
Yeah, it's not a news order.
If they're warning, do you think they're warning because it already happened or do you think they can predict the future?
It's already happening.
Because it's already happening.
So they're saying that, hey, this is possible.
Rob, just search it.
Don't worry about looking for it that you have up there.
Just type in.
Fed warns that Hamas could be crossing the southern border and you'll see it, okay?
So why should you be concerned about this?
Because logically, your number one priority should be the community you live in, the country you live.
If you're German, you should be worried about the city you live in in Germany, your country German.
If you live in Palestine, your worry should be what?
Palestinians.
If you're in Gaza Strip, if you're Israeli, your worry should be what?
Israel first.
If you're Egypt, it should be what?
Egypt first.
If you're Jordan, it should be what?
Jordan first.
Iranian people are going to be what?
Iran first.
100%.
What's America going to be?
America first.
And that's what you should be thinking about.
So if the Fed is telling us, you're warning that members of Hamas Palestinians, Islamic Hijihad, PIJ, and Hezbollah are crossing a border through Sudden, according to internal October 20 memo exclusively obtained by the Daily Color News Foundation, the San Diego Field Office Intelligence Division of Customs and Border sent the memo warning that due to the war between Israel and Hamas, there could be encounters of territory individuals who are seeking to travel to or from Middle East via transit across the southern border.
Okay, guess what?
You can sit there and bitch and moan from both sides.
And if you want those guys to be safer, they have to find another country.
Do you want to take them?
Do you want to have them come here?
They're chanting death to America, death to Israel from in the cradle.
Yeah, and the elimination of Jews.
Eliminate, and these are in U.S. genocide.
This is in U.S. protesting.
Okay.
So yeah, no, to me, I have zero tolerance for Hamas, Hezbollah, ISIS, any of these organizations, what they're doing.
I have zero trust in them on what they have going on.
If your community, Palestinians, 58% supports Hamas and 42% at West Bank supports Hamas, what do you want to do?
Change your minds?
What are we supposed to do?
Do you sit there and say, you don't understand how bad your husband is?
No, she knows.
And she still wants to be married to him.
So Pat, because now, and I've learned a lot in my life to just stop and say, okay, why?
Why are the people of Palestine supporting Hamas so much?
Why are Americans, American Palestinians as well, cheer?
I'm still boggled.
Is it, Pat, because they don't have anybody else that is actually, I mean, it sucks.
Hamas is a terrorist organization.
Is it because that's all they have that is actually fighting for us?
That's all they have.
That is one of the reasons.
So it sucks, but I mean, what?
But okay, so what's the solution?
That's what I'm saying.
But what's the solution?
So for example, look at it from this standpoint, okay?
We don't mind people coming to America legally.
Come to America legally.
I came to America legally.
We asked for a green card in 1984.
We didn't get it till 1990.
I didn't come here till November 29th.
We would have come to America in 84.
We couldn't come to America in 84.
Waited six years, went through a bunch of wars.
Eventually, Khomeini went to Germany, lived at a refugee camp, finally came here legally.
It sucked for six years.
We would have gladly, I would have been so much ahead if I would have come here in 1984 in a different kind of a way.
We would have already made the proper adjustments, school, all this other stuff.
No, we came in November 20, 1990.
Okay.
So how many bad apples does it take to cause one of your kids to pick up a bad habit?
How many?
Seven?
Eight?
14?
Tom, how many bad apples do you worry about?
In a class?
If your daughter has five friends, how many of those five friends does it cause your daughter to potentially pick up bad habits?
One.
One.
Okay.
How many bad apples does it take to take as refugees to come here to the States that's going to cause mayhem later on?
How many bad apples?
Is it 50?
Is it 100?
Is it 1,000?
Is it 800?
Or is it one?
It's one.
All you need is one.
It's not going to take that many.
You know, we're not looking for a, well, what if we take a million?
But these are good people.
I understand they're good people.
Totally get it.
I'm closing the border for one straight year, flat out.
We're building walls on top of walls is what we're doing.
Southern border.
Walls on top of walls.
For you to have to make up.
You made up.
Well, after one wall, guess what?
It's like a video game.
Now you got to go level two wall.
Now you got to go level three wall.
But you got walls on top of walls until you make it over.
Why?
This is real.
And unfortunately, the problem of a bad apple, when it befriends a kid, I remember a guy became friends with one of my best friends.
And we were in eighth grade, okay?
Eighth, ninth grade.
I'm in Wilson Junior High School, ninth grade.
This guy introduced him to cigarettes, then alcohol, then weed, then prostitutes.
Then it led to special K, ecstasy, cocaine, heroin, Vicodin, every drug possible.
Baltar Biden.
Every drug, pretty much every drug possible.
So from 1994, eventually, he paid the price in 2005 when he died.
Wow.
And I got the phone call, okay?
11 years later is what it took.
A bad apple doesn't take one month to identify.
Not six months, not 12 months.
It takes a decade or two.
So as a leader, unfortunately, everybody's trying to get elected for policies that benefit us today.
No one's trying to get elected based on policies that protects a country for 20, 30, 40 years from now.
Did you watch what the Holland, is it Holland, Hungary's prime minister or the Holland prime minister?
Which one is it?
It was a Poland.
Poland?
Poland?
It's one of them.
When he was like, I'm not letting nobody come in.
Let me show this clip.
It's Poland.
I think it was Poland.
So I don't know if you guys have ever seen this, how he straight up says it.
And it's so powerful the way this guy says it.
Let me see.
Oh, here it is.
I found it.
Here's a clip, Rob.
I'm going to text it to you.
Let me see how long this one is.
Yeah, this is the one.
I just found this.
Watch this.
Look at the way he answers this.
And guess what?
Guess who loves what he had to say, okay?
Guess who loves what he had to say?
The people that are part of his country.
Okay?
The people that are part of his country.
Rob, pull up this clip.
If you can pull up this clip I just sent you.
Watch the reaction to this.
Would you like a leader like this?
Would you like, by the way, your answer to this question reveals who you are.
Watch this.
If I like a leader like this, watch this.
Would you like a leader like this on where his priorities are?
Go ahead and play the clip.
Okay, let me put that point.
You cannot leave Italy alone.
Let me put that point to Mr. Tczynski because let me tell you, Mr. Tczynski, how many refugees has Poland taken?
Zero.
And you're proud of that?
If you are asking me, if you are asking me about Muslims' illegal immigration, none, not even one, will come to Poland.
Not even one if it's illegal.
We took over 2 million Ukrainians who are working, who are peaceful in Poland.
We will not receive even one Muslim because this is what we promised.
But I asked not about illegal illoquence.
I asked about refugees.
And Junkov Juncker, the Commission president, says that you're racist.
You sound proud of the fact that you haven't taken any refugees.
Of course, because this is what our people expecting from our government.
That's number one.
This is why our government was elected.
This is why Poland is so safe.
This is the reason why we have not even one terrorist attack.
Look at the streets in Poland.
And we can be called populists, nationalists, racists.
I don't care.
I care about my family and about my contract.
That's right.
But this is five years ago.
Five years ago.
This is what the president of the United States needs to say today.
Well, Trump.
I think he tried to say that.
Well, Trump tried to say that.
Tied Japan.
What happened?
You racists.
You scumbag.
By the way, it's totally fine.
They're supposed to say it.
Yeah.
That's totally fine.
Supposed to say it.
Now, you got so much data to show what's happened the last four years.
The right president gets up and says, my number one job is the people of the United States of America.
Number two is the allies who love us and are good to us, who respect us.
Number three is everybody else.
But number one is the people here.
Number two, our allies that are good to us.
Number three is everybody else.
That's your job.
Nothing more, nothing less.
But who we're fighting is the left.
The left looks at the whole map and goes, well, who's the losers?
That's who I side with.
They don't look at the whole picture.
They just say, who's the loser today?
That's who I'm on the list.
But you said something, Pat, last week that kind of woke me up and gave me a little chilling effect about how it ain't going to happen now.
It's not going to happen.
You could be eight years from now.
And I'm being that so you got you.
I got goosebumps when you said it.
You're going to be chilling.
Americans are like, everything's good.
And then boom.
That's what's going to happen.
Because you know I already think, Pat?
The damage has been done.
They've opened the, and I, and again, we keep going back to the border.
It's still right now, today, wide open.
There is, it's come on.
Everybody come in.
And it's not by accident.
I'm tired of people out there going, you heartless.
You don't care.
That's what America and the Statue of Liberty is.
No, It's, but Pat, that's what I'm scared about is it's too late.
It's, hey, it's going to happen.
It's inevitable.
So just be prepared because it's coming.
Even the 9-11 hijackers were here from January of 2000 and the attack didn't occur for another 18, 19 years later.
So chilling.
So get out of here.
By the way, just everybody, I can entertain two ideas.
I still don't know why the hell, you know, I think Netanyahu, if you ask me, I think he needed permission to go attack Palestine.
I really think he needed permission to go after what he's doing with Hamas.
I think that's what he was doing.
But at the same time, I also can pose the question and say, if they're so peaceful, why isn't Jordan and Egypt taking Palestinians?
Why are they not aggressively saying, come over here?
Why?
That's a valid question as well that you have to answer.
So and FYI, there was a comedian that was on Pierce Morgan.
The video that went viral on the colour.
Yeah, good-looking guy.
Very well-spoken guy.
By the way, his mother-in-law lives in Gaza, right?
So there is no benefit to debating him.
Do you know why?
Because it's 100% emotions tied.
Who does he love more than his wife and his kids?
Nobody.
You're not going to win.
Nope.
There is nobody winning.
Anything you say that defers what he believes in, you're offending his wife and his kids.
There is no winning a debate like that.
So this wasn't like, hey, who's right?
Who's wrong?
There is no purpose to debating something like that for me to prove that what you're personally going through because your in-laws couldn't make it to your wedding is because of what they were going through.
That's permanent damage.
It's gone.
You're not going to change somebody's true believer mentality.
That's permanent marks that's going to stay.
So when you're seeing some of this stuff, it's like, that's right.
And that's right.
And what about this?
And what about that?
And what about this?
Yeah, I am encouraging a new party to get started.
You know what the party is?
The party of the skeptical, the party of the avoiding jumping into the conclusion community, that party that's willing to question things instead of saying, not right now, not right now, not right now.
Now, listen, my job is to question.
I'm not a journalist.
I'm a guy that wants to learn and get better.
And we're going to keep asking the questions until we learn something.
That's what we're going to be doing as a podcast show that we have called your Called PBD Podcast until we get some kind of intel back.
Anyways, so that's some of the stories we covered with this.
Let me get to the next story here.
George Floyd.
Vinny, what just happened?
I saw an article that came out.
We were talking about this here with Rob yesterday with different guys.
What's going on with the George Floyd story that just came out?
So I feel like Tom, because I took a page out of his, actually, I took three pages, so it might take a little bit, but just bear with me.
I love you, Tom.
Prepared.
I'm prepared, but what do you want me to do?
So it actually turns out, Pat, that Derek Chauvin didn't kill George Floyd.
It was either China or Mexico because new court documents reveal that George Floyd died of a fentanyl overdose and not from asphyxiation or strangulation.
Okay.
And the reason, Pat, this is random, that the court documents came to light is because Amy Sweezy, she's a former Hennepin County, Minnesota prosecutor who is suing her employer, alleging she was a sex victim of discrimination and retaliation.
And P.S. Hennepin County is entirely Democrat.
So we all know Democrats don't always find it necessary to follow their loudly stated rules.
Anyway, so the reason her lawsuit matters is because guess where George Floyd died?
Hennepin County.
And depositions in her case make it clear that the prosecutors always knew that Derek Chauvin and the other three police did not kill George Floyd.
So Pat, she's pissed.
She's suing and she's bringing everybody down with her.
So during her deposition, she discussed a conversation she had after George Floyd's death when the Hennepin County medical examiner, Dr. Andrew Baker, spoke about the autopsy.
And this is what she said.
She said, and I quote, I called Dr. Baker early that morning to tell him about the case and ask him if he would perform the autopsy.
He called me later that day on Tuesday, and he told me that there were no medical findings that showed any injury to the vital structures of Mr. Floyd's neck.
There were no medical indications of asphyxia or strangulation.
That's right.
He said to me, Amy, what happens when the actual evidence doesn't match up with the public narrative that everyone's already decided on?
And he said, this is the kind of case that ends career.
So the other depositions from other attorneys in the office show that the decision to prosecute Chauvin was purely political, Pat, and the prosecutors feared the mob and they were happy to go after the police.
So now I know this is going to piss people off, Pat, but like member Soros and all these guys said, never let a crisis go to waste, ever, right?
So this is going to piss people off.
That knee that we all saw, and horrible, obviously it looked really bad.
He was screaming.
It did not kill him.
It's period.
And Pat, I have, Rob has the coroner's report.
Zoom in a little bit more.
Yeah, it's a little bit blurry, but this is the coroner's report.
No life-threatening injuries identified.
No facial or oral or conjunctive.
Pat, nothing to his face, nothing to his neck.
And if you look towards the bottom right.
Item B is important.
Item B, go to the end of it.
Back up, back up, back up.
That word in item B, Laryngeal.
That's his.
Let me translate that.
Exactly.
That's the throat.
No injuries to his throat.
Oh, his throat was crushed.
Or throat.
No, Larry, guys, no, no, because Pat, no, like when, when, when something, like, they could tell if it was because if something's broken, even if there's too much pressure on it, so they also found fentanyl.
Look, look, look right at the bottom right there.
11 NGML, Pat, less than one ML, the NLME, is a high dose, okay?
17 NGML is lethal.
You're dead.
He had pretty much enough to kill him.
And then he had nor fentanyl at 5.6 ML.
He had a bunch of other stuff patient.
Number four must have been his birthday.
Yeah, methamphetamine, all this type, all this stuff in there, Pat.
And it's like, let's not forget.
Okay, let's take a step back.
Okay.
The cops were called to the scene because he was trying to use a fake $20 bill to buy cigarettes, right?
When they showed up, he was resisting arrest.
Body cam footage shows him, Pat, dropping a white bag, picking it back up, and then inside the, he was resisting arrest.
He's putting it in his mouth.
They saw like about, apparently it was, you know, two milligrams of fentanyl.
Add to that, he had COVID, severe heart disease, combined with stress.
Yes, the situation, caffeine, Pat, the situation, yeah, with, oh my God, resisting and all that, all that stuff.
And again, some people don't want to hear, let's not forget who this guy was, right?
You couldn't say this in 2019, but I can say whatever the hell I want now because nobody's afraid of the mob.
He was a shitty, a shitty citizen, a shitty human being.
Arrested nine times for theft, drugs.
One of those times was a home invasion, Pat.
He came in with five guys.
They knocked on the door posing as a water company.
Mass.
They came in.
They grabbed the pregnant black chick.
He held a gun to her stomach where her baby was in.
Her toddler was in the house.
He hit her in the head with a gun, invaded that, robbed everything, and left the house.
Okay?
Now this goes down to why, Pat?
Why did the government, why did the media harp on this situation and make it, you know, made him look like a martyr and everything?
And I'll tell you why.
His death was a flashpoint for Democrats, racist firestorm, which was used to destroy American cities.
How many years did this country burn, Pat?
And to game an election for Trump.
Think about that.
That happened, Pat.
George Soros, money, BLM, everybody's racist.
Burn this shit down in the streets.
Antifa and George and the BLM movement, not only how many hundreds of millions of dollars, it was all still, they pushed it to further an agenda, Pat.
And I know I've said this before.
One of my favorite shows, I think you said it's the only one that you've watched.
This episode was in House of Cards, season one, episode six, where there's a teacher strike, right, Pat?
And so Frank Underwood's trying to fight with the union.
He sits there and he's monitoring the scanner, police scanner.
And as soon as a girl dies in a car accident, he rushes to the media, Pat.
Everybody's there.
The White House is there.
And he's like, this girl died because she wasn't in school because of the strike.
So they take these moments, Pat, and they blow it up and racist and racist and racist.
I'm sorry, everybody.
That wasn't the case, Pat.
So now that the facts are out, I want to ask you guys, do they release this guy, Patrick?
Do they say, okay, now that this is out and this is substantial evidence?
It's completely clear.
Arson, vandalism, and looting that occurred between May 26th and June 8th caused approximately $1 or $2 billion and insured damage is nationally.
The highest recorded damage from civil disorder in U.S. history and surpassing the record set at the 1992 LA riots.
Unbelievable.
Yeah, so when you, by the way, I don't know if, you know, I'm still supportive of the guy sitting on his neck for eight minutes.
Me neither.
Me neither.
You don't need to do that too.
There was people also with their phones out.
They could have gone in there, done something about it, or just said stop, or, you know, pick him up, put him in the car.
But everybody was also recording.
So there's the guilt could be.
By the way, I love citizen journalism.
I think accountability at the highest level with going live is fantastic.
But some people could say, hey, officer, you know, do something about it to at least pick him up, put him in a house.
And I agree.
I agree, Pat.
I agree with, obviously, and by the way, the optics.
They look horrible.
By the way, like, again, I was an MP.
You're not like doing that for that long.
Military police.
But yeah, but why were the cops there?
The dude.
If you weren't a shitty guy, counterfeit drugs, he OD'd prior to this situation.
Oh, for sure.
No, no, we're not talking about that, for sure.
But facts, Pat.
You gave facts today based on what the report is.
But here's the part.
I mean, you know, what was the guy's name that said this who's got a brother, Ram Emmanuel?
Rah Emmanuel said this, where you know, you never let a crisis.
Go to Wayne.
So do all these guys.
They used it.
And by the way, it's been used for a very, very long time.
Is why I believe we need to create a new community called the anti-jump to conclusion community.
I love it.
We need an anti-jump to conclusion party, anti-jump to conclusion mindset.
Everybody is jumping to conclusion right now and capitalizing off the opportunity.
Those people need to be held accountable.
The people that are instigating that's leading to stuff like this should also be held accountable.
If you went against them, then you were called a racist.
You lost your job.
There was a high school wrestling coach that showed if he put his knee on his wrestling student's shoulder for up to 10 minutes, it didn't stop anything.
He lost his job.
The kid got ridiculed.
And we all know this from UFC.
20 minutes, he's saying, I can't breathe.
I can't breathe.
How long in a UFC match do you put in a choke before they tap out or end the match?
How many seconds?
Oh, shit.
Five seconds, 10 seconds.
15, they're going like this.
You don't do 20 minutes.
I can't breathe.
That was just a psychological operative just to destroy our country.
I like your party.
We call it the non-just party.
Inclusion at NJC.
Non-jump to conclusion community.
People are jumping to conclusion a lot, and it's hurting a lot of people.
Okay.
So, Tom, women, 25 years old, sparks fierce debate after branding college as scam.
This is a Daily Mail story.
We wrote a book on this a couple years ago, Tom.
Let me go to, what is it, what page?
Page 18.
Page 18.
Here we go.
Okay, women, 25 years old, sparks fierce debate after branding college as a scam.
October 23rd story from Daily Mail.
College graduate Allison Johnson, 25 years old, ignited a fierce debate on TikTok by denouncing college as a scam, revealing her $80,000 debt and her struggle to secure a well-paying job in her field.
In her video, which garnered over 539,000 views, she expressed her frustration, stating, I have my literal business marketing degree, which put me $80,000 in debt, and I make more serving sushi roles.
Allison emphasized her difficulty in obtaining marketing jobs where entry-level positions offered meager salaries compared to her current waitressing job.
She questioned the value of her education, raising doubts about what her investment in college was worthwhile, whether I'm headed to my serving job and I'm effing hating it.
Meanwhile, I make more money serving than I would at an entry-level marketing job, she lamented.
Tom, thoughts on this?
So there's three things going on here.
The first thing is she doesn't really like her current job, but she's keeping it to survive because she can make money on it.
The second thing is she's actually a college graduate.
She actually got through there.
And the third thing is $80,000 for in debt.
She's basically bought a giant Ford F-150 crew cab pickup all tricked out.
That's basically, folks, as if she had walked out of college and bought that kind of debt.
So what's going on here is she has a point.
The point she has is, I can't find a job that I can afford to go to and because of my student debt, because of what got on top of that.
And, you know, I can make more waiting tables.
Well, you know what?
You can do that on day one, right?
It's called you, where are you going to be in 10 years with that marketing degree?
You're not going to be in the same spot.
You're going to put it to work.
And by the way, you have a marketing degree.
You're doing pretty good on social media, pleading your case here.
So you're marketing yourself pretty well.
But this is a truth.
The tuitions are up at crazy levels.
You go there to be indoctrinated.
You end up 80,000 in debt.
And now you're at a job you really don't like because you just have to make ends meet.
But let me tell you, those lines are going to cross.
And that's what she's not pointing out.
And that's not what all the liberal sympathizers are not seeing.
Is that if she puts her shoulder to the load in that career, she's going to be making far more than waiting tables.
So you don't like what you can make on day one walking out with your marketing degree with no E, no experience, but you're going to make experience and that the lines are going to cross here.
The real issue is you knowingly accepted the fact where you selected where to go to college that you're going to be $80,000 in debt.
And tuition is not, tuition is not cheap.
And so she makes a point here about the, I don't think it's about the student loan crisis.
Point is the tuition crisis, tuition inflation over the last 30 years, which is ridiculous compared to just normal CPI, consumer price index, and normal.
And so I think she has a point about that, but she's not paying attention that if you just put some work in it, you can get there.
Kayvon, can I ask you a question?
Sure, too.
Can I do a quick case study with Kayvon?
Case study.
Here we go.
Okay, Kayvon.
You wanted to be a comedian.
You discovered you had some talent for it.
What were you paid when they would give you, what do they call, fives?
You can do a five-minute like in between two big comedians.
What were you paid for that?
French fries, if I was lucky.
Seriously.
Oh, have a burger and french fries.
Hey, who said you got a bunch of money?
No, we had a drink.
They'd give us a drink or like a bottle of water or Coca-Cola.
Right.
You get a little ticket.
I want my Coca-Cola.
Yeah, that's it.
Or how long did you do that?
Probably for about a year and a half, two years.
Okay.
And when you finally got paid for maybe a five-minute, at a better part of the night, you're going to go right between our two guys at 9 and 10 o'clock.
I'm giving you a prime five o'clock.
Prime five minutes.
How much was that?
20 bucks.
And I would let them pile up so I'd go get six checks to feel better.
Yeah.
Exactly.
Now then, two years later, what were you doing?
Okay, so two years after that, probably $100 to $300 a show.
There you go.
Yeah.
So you went from $10 to $100.
French fries to $100.
Right.
That's a big difference.
Yeah.
Yeah.
Well, she's not going to go there.
But the point is, when you walk into something with education, you have to add to that experience.
Would you hire this person if she's one of the ones right now?
Like she applies.
She sends her resume and Rob sees it.
I'm the girl that you guys talked about on the podcast.
Would you hire her with the answer that she gave?
I'd give her a Zoom.
I'd give her, absolutely give her a Zoom interview.
I'll tell you, I'll give her a great interview and I'll really probe on some things and I will give her a serious look.
You'd give her a serious look on what she's saying.
Okay.
All right.
You know, I'd also ask her what she's thinking with the 80,000 student loans and how did it end up there.
I want to look at judgment.
I want to look at a lot of things.
That goes quick these days.
What goes quick these days?
The tuitions are out of control and they're getting government funding and they're doing the rock climbing wall and opening week.
They're putting on concerts at the school and then they're doing a sex toy, gay pride week.
All this stuff costs money.
And then all that money is being spent and then these people are coming out with a degree that doesn't help them in the real world.
So then they're getting mad.
Now, Trump U was labeled as a scam when people weren't making the money they thought they were.
They sued Trump U and the left cheers about it.
But now the left is complaining they're not getting any value out of their education.
Well then sue the university and say, give me a degree that can work for me if I'm willing to work.
And by the way, during an interview, it may turn out that this is just an angry liberal person that's just spouting off and is not employable.
Yeah, we don't want that.
Let me do this last story before we wrap up.
We got a couple minutes left here.
Vinny, new details on death of Obama's personal chef raises questions.
PJ Media, October 22nd.
New information obtained through an FOIA request reveals that former President Barack Obama was on the scene shortly after his personal chef, Tafari Campbell, went missing.
Initially, they told us they're not there, right?
And went missing and was later found drowned, contradicting initial reports of the Obama's absence.
Jesse Waters reported, according to the reports, Obama was on the scene shortly after Campbell went missing, shedding light on the previously undisclosed detail.
The Massachusetts State Police revealed a report with redactions, indicting that, wow, this is from the state police.
Damn, Redacting that Barack Obama arrived at the emergency response scene via motorcade and an unarmed female staffer attempted to rescue Campbell when he fell off his board.
This information raises questions about the extent of Obama's involvement in the incident.
Kind of strange.
It's like, what do you mean?
Kind of strange.
It's like the lies from the jump.
And then, Pat, I'm telling you right now, like, why did it take so long to find out?
And I'm sick and tired of all the lies and all the unanswered questions.
And then when people ask why we're the crazy ones, okay?
And it's like something of that magnitude.
You have to be open and honest.
And the reports, Pat, some of them said that he showed up on the scene via motorcade.
A short time later, a cold, wet woman who was a witness arrived.
The next morning, she was interviewed in Barack Obama's residence there with him present.
It's kind of sus.
Rapport also states, unnamed staffer, yeah, she jumped in the water to try to get him out, still eight feet of water, and he's a nasty swimmer.
He disappeared.
We also know that Secret Service has surveillance footage of Campbell from Obama's compound moments before he entered the water.
Okay.
Wow.
Can we see that footage?
And what are you redacting that the public can't see about this guy?
It's like, it's always a situation.
And you know what, Pat?
Something of this magnitude, I don't believe you when it comes to when that type of stuff happens and you lie and you don't answer us.
I don't believe that you weren't in a limousine smoking crack and hooking up with a guy named Larry Sinclair.
It's like you don't address it.
You don't talk about it.
Everything is masked under this cloak of secrecy.
It's like, bro, like, yeah, it's living their own lives, but how many people have to die?
How many weird circumstances, Pat?
How many people have to commit suicide?
How many, it's always like an allure.
Like, oh my God, what a crazy thing.
What do you think it was, though?
What do you think it would last?
Oh, I'm happy you asked that.
I got my notes.
Like Steve Schmidt was fumbling.
Wait, wait.
He was paddleboarding, bumped into the grassy knoll, fell off the paddleboard.
Patrick, I'm so happy because I was going to look over it.
There were rumors circulating that Tafari was writing a book about the Obamas.
They caught wind of it and they were like, no, it's not going to happen.
I wonder what kind of dirt was.
Who's given the source?
Who's source?
It's just, this is what I've heard because guess what?
I haven't heard anything else that this is randomly happening.
But can you imagine what chapter one of that book would be?
I saw the shalom.
Something, something weird.
It's just, Pat, it's just, here's the thing.
Can you just be upfront and honest with us?
Yeah, here's the footage.
Look at him.
He was swimming.
God forbid, the poor guy passed away.
Why?
Why on the question?
Super strange, super strange that this is taking place.
Who knows why they're holding him back?
The fact that the story changers, and this is a president.
Not a random person.
I'm talking about a regular person, but a president that's going.
By the way, you know what Matt Gates just did?
Matt Gates said, we can agree for who's going to be the speaker of the house as long as whoever that gets elected 100% agrees that they're going to release 100% of the footage from January 6th.
Oh, really?
That's what he's asking for, whoever wants to be the Speaker of the House.
And they're going to need his vote.
Oh, wow.
100% of the January 6th video, he wants to be released.
Anyways, gang, really enjoy today's podcast.
Rob, we got another podcast coming up when Thursday.
Thursday with Anna Kasparian from The Young Turks.
Fantastic.
Anna Kasparian will be here from The Young Turks.
We'll see what angle she's going to have with all the stuff that's going on.
Having said that, one more time.
For those of you guys that want to get the introduction in chapter one of Choose Your Enemies Wisely, that's coming out December 5th.
We're about to launch the intro on chapter one, text award book to 310-340-1132.
