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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.
Yeah, why would you bet on Goliath when we got Bet David?
Valuetainment, giving value is contagious.
Entrepreneurs, we get no value to haters.
I ain't running, homie, look what I become.
Okay, I don't even know when's the last time we did a home team podcast.
It's got to be a couple episodes since we did one last.
I haven't been this close to you in a long time.
And today's an interesting day.
What does that sound, by the way?
Oh, your story.
Okay.
Sorry, my dad.
Today's the GOP debate going on in the afternoon.
So we're going to make a couple predictions about today's debate going on, which we may or we may not be there.
Who knows?
It's in the state of Florida and there's some controversy going on with some stuff, you know, some topics.
We may or may not show up, or we may show up deep.
We may not.
Who knows?
We'll see what's going to happen.
We got a lot of stories to cover.
Let me kind of give you a couple of things we got going on here.
401ks.
Hardship withdrawals are surging as high inflation squeezes Americans.
Iran says U.S. will be hit hard if no Gaza ceasefire is implemented.
Then U.S. nuke sub arrives in a message to Iran after threat to hit America hard.
Bernie Sanders rejects calls for Israel Hamas ceasefire.
Interesting.
U.S. plans to send $320 million of weapons transferred to Israel as Gaza toll mounts.
We'll talk about what's going to happen today on the GOP debate, where the candidates are.
10,000 Palestinians have been killed in Gaza.
Hamas-run health ministry says U.N. calls Gaza a children's graveyard.
This is a CNBC story.
Trump leads in five critical states.
Russia-Ukraine war, not a stalemate.
Zelensky, by far for some of you guys, people drop the name GOAT with Jordan.
They drop the name GOAT with Brady.
There's a lot of GOATs being dropped.
I think Zelensky's in the GOAT status of raising money.
100%.
I don't think anybody raises money better than him.
Private equity guys in New York and Greenwich are jealous and envious of the way this guy does it.
I heard that.
He's the GOAT.
You've got to respect it and give him that proper respect he deserves.
Bill Maher, Governor Newsom, Whitmer are running shadow campaign for president.
Five candidates.
We'll talk about them tonight.
Then you got thousands of people are reportedly lining up.
Is this one of you one of these folks?
Listen, thousands of people are reportedly lining up to have a portion of their skull removed and one of Elon Musk's brain chips implanted.
Can you imagine that?
That's an insider story.
And then we have the first ever AI human-like robot CEO called Mika or Micah.
Work from home.
Staff worried they are looked down on, missing out on promotions.
I wonder why.
Joe Rogan holds all the cards as a Spotify podcasting deal is set to expire.
We got some thoughts on that.
Housing affordability, it's a 39-year low.
It's fair to expect prices to weaken.
Experts say this is from MarketWatch.
The new headache for bosses, ready?
It's not employees quitting.
They're not quitting.
Bosses are like, dude, it's time for you to quit.
Don't stick around anymore.
We want you to quit.
This is a Wall Street Journal story.
Millennials are not having enough kids.
Here's the reasons why in the India debate on 70-hour work week, illegal or road to greatness, and then WeWork, I know many of you will be hurt by this, filed for bankruptcy as troubled company succumbs to bad market.
Just a few years ago in 2017, there were market value.
$49 billion company, $47 billion company six years ago.
They raised $18.9 billion of investment from SoftBank to zero.
Bankruptcy.
To zero.
Rob, do we have our sponsors to go to before we start the podcast?
Gang, stick around.
We got a lot of stories to cover here today.
Here's our sponsor.
The guy Michael Burry, who said the market's going to crash, nobody believed him.
Well, Michael Burry just recently bet $1.6 billion against the market.
He took people's money, $1.6 billion, and he said the market's about to go down.
That's what he did.
The last time he got it right, he's doing it again.
On top of that, Jerome Powell about interest rates says, I'm still not comfortable with what's going on with inflation, which means they may raise the rates again.
Proceeding carefully is the word they're using.
So what's happened at a time like this?
Alternative assets is one of the things a lot of people are looking at.
This is why we decided to work with Masterworks and they're our sponsor today, Masterworks.
They've done 16 sales so far, with all 16 returning a profit.
And just weeks ago, they sold a Cicely Brown piece for a 77% annualized return.
Obviously, that's not all of them.
That's just one they just had a few weeks ago.
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I can't afford Warhol.
I can't afford Basquiat, but I would like to own a piece of it or fractions of it.
That's exactly what Masterworks does.
That's why over 800,000 people have already registered with Masterworks.
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Once again, masterworks.com forward slash PBD podcast or click on a link below.
Fantastic.
Okay, perfect.
So there you go.
The link's going to be below.
Let's get into our first story.
And that's none other than the great Joseph Rogan.
Okay, Joe Rogan holds all the cards as his Spotify podcasting deal is set to expire.
Page eight, if you want to go to.
By the way, Yank, if you're listening to this and some of you guys are asking for the notes, very soon, we will be able to give you the notes.
What you need to do is text award podcast to 310-340-1132.
Again, text award podcast to 310-340-1132 to be able to follow us with the notes that we had.
And we're going to create a bunch of other things, but I'll release that once we're ready.
Again, Joe Rogan holds all the cards as a Spotify podcasting deal is set to expire.
The host of the widely followed Joe Rogan Experience Podcast has considering his options as his exclusive licensing deal with Spotify, which paid him a reported $200 million in 2020 nears its end year.
Next year, industry experts acknowledge Rogan's advantageous position with Richard Kramer of Arit Research stating: if you do keep him, Spotify will be locked into paying Rogan as much or more than before at a time when they need to contain costs.
If you don't keep him, then it's really tough because your biggest property and source of sales within the ad business walks.
Rogan has several potential paths forward, including the establishment of his own media company to distribute the podcast and create additional content for his dedicated audience.
Another option involves collaboration with his friend Elon Musk, who acquired the social media platform X for $44 billion.
Tom, what do you think Rogan will be doing?
Well, I break this down in three ways.
The first way I break it down is the logic that says Spotify has to do it.
They're in the same position that Sirius was in for the renewal of Howard Stern back in the day.
There are so many subscribers that are there with Rogan, for Rogan, and the exclusive access to him.
So I think it has it.
The second of all, I think some of these, like the New York Post, I think that's an armchair quarterback.
They need to look down the street to the Wall Street Journal.
Wall Street Journal pointed out that Spotify had a good quarter after the layoffs early in the year and after they didn't renew the Obamas.
And that unusual name of their, I forget what the name of their production company was.
It was that unusual name.
And they didn't, you know, Megan and Prince Harry.
And Kardashians.
They didn't renew those three big names.
So they didn't do those and they had some layoffs and they consolidated what they were doing on Anchor, which is their podcast service bureau.
So it looks like they've been preparing to have a profitable future.
And according to the journal and what they just announced, they had a good Q3.
So could it be that they are setting themselves up to not only be profitable going forward, but be more efficient and maybe bet on fewer bigger and none bigger than Joe Rogan?
I think they re-sign him and I think they're getting ready for it.
So you think they're going to pick it up?
Okay, so what do you think that number is going to be?
I think the number is going to be, you know, 2X, you know, over 10 years, what they had him the first time.
2X over 10 years.
Yep.
Do you know what 2X over 10 years is?
A billion dollars.
It's a billion dollar contract.
Yeah.
Holy crap.
Is he worth a billion dollars?
There's no question about it.
No, no, And Pat, as a minority owner of the Yankees, can I ask you, what are the Dodgers and the Yankees doing for the last year and a half with their rosters getting ready for a guy named Ocani?
Yep.
Listen, guys like that don't come across on a free agency all the time.
When they do, you got to be ready for it.
And for a company like Spotify, you've already trained people to go there, right?
You've already trained people to go see Joe and they're okay with Joe putting his clips on YouTube, then it pushes it back to it.
So probably, like I saw the other day, Joe did the Musk interview, and I don't know if you saw how they did it.
They put the first two hours on X and Joe uploaded it directly on X and the last 45 minutes you could only get on Spotify.
So that was already maybe an arrangement he may be making with Spotify to say, hey, what if we do this with X?
So he gets to pick and choose what he wants to do.
He gets to pick and if I'm Spotify, it's going to be tough for me to agree to allow you to put two hours of the first two hours of the content on X. Maybe I do an hour and the other two hours goes on Spotify.
The good news was Joe's podcast is typically three hour podcasts, two and a half to three and a half hour podcast.
That could be the case.
But here's the way people have to look at Joe.
Joe's not a talent.
People think Joe's a talent.
You know that one song where Jay-Z says, I'm not a pilot.
I'm a businessman.
I'm a businessman.
Joe Rogan is a businessman.
And I think Joe, with the friends he has around him, he's starting to realize that that brand, that trusted brand, is officially a company.
Okay.
And I think, and I said this in the last video I made, when they gave him $200 million, I said it was a massive victory for Spotify.
I think they saved $800 million.
I think Joe's a billion-dollar guy.
And if I was Musk, I don't have Musk type of money, but if I had Musk type of money right now, Joe would be the first person I'd be calling and saying, hey, Joe, here's what I'm thinking.
I'll give a billion over 20 years and equity on the back end.
Let's roll.
If you do more, here's what we'll do.
If we do this, boom, here's what we're going to do.
But I'm going to give a billion dollar contract over 20 years.
Then we negotiate.
He may come back and say, well, why would I do that if I'm already getting this?
I would do a billion over 10.
Great.
Then there's a conversation.
But I think Musk, if he locks in a name that big, you have to know that Twitter's going in a direction to want to get talent like that.
You got Tucker.
You got Joe?
You got a dream team there.
You got a super team there going on on X. That's a very scary situation to have done.
And by the way, you know what?
There's a big difference between Joe and Tucker.
Tucker just raised, I don't know what he raised, $150 million to go build a media company or a media company valued at $150 million.
Can you look at that, Rob, to see how much money Tucker raised?
I know the number is $150 million.
So if you type in Tucker Carlson, $150 million, the article will come up.
Is it $15 million?
He raises $50 million for a new media company at $150 million valuation.
Okay.
So Tucker wants to build a media company.
Do I think Joe wants to build a media company?
I don't know about that.
I do know a handful of other companies, a couple of them I've spoken to that will be making offers to him as well.
And Joe's in charge here.
He gets to choose what he wants to do.
That's what he stays.
When we spent that time with Joe, when you did his, the second time you did his podcast, that was earlier this summer, I want to say July, give or take.
I learned a few things about Joe.
Number one, being he's a very loyal guy.
The way that he kind of keeps his circle close, especially with the comedians, especially with the security detail that's around him, he keeps the same guys around him.
He's very protective of these guys.
You know, he made a comment to you about his relationship with Spotify.
Basically, he said, Listen, I'm number one in 91 countries.
It would be very different if I was number 91 in one country.
So I think he understands where he is, where he's at in the lay of the land.
He's the number one podcast in the world, you know, for the majority of countries.
And I think he spoke very highly of the CEO founder of Spotify, Daniel Eck.
I think from what I can tell, they have a very good relationship.
Whether he gives them the hometown discount, like when LeBron resigns the Lakers or KD resigns with whatever team he's on, he's already gets a hometown discount.
But something tells me that he has no interest in doing the Tucker Carlson route or the value tame route or the Daily Wire route of building his own media company, building a business.
I just think he generally just likes waking up, doing his thing, eating his deer meat, doing a couple podcasts, and just doing what Joe Rogan do.
That's my interpretation.
You know, a good deciding factor, though, Adam, kind of kind of where you're going, Pat.
It's the loyalty and the remember when Joe Rogan got in trouble for making comments that the swamp and the media try to come after him.
Guess what?
Because they were begging.
They were demanding, get him off, cancel him.
And guess what Daniel Leck said?
Nope.
So that's a deciding factor of somebody that's like, listen, I'm not going to leave, especially off the dedication and the loyalty that you said, Adam.
I'm staying with that guy.
That's me personally.
I think he stays back.
I think really it's okay.
So let's use the process of elimination.
Number one, Apple.
If Apple can't handle Jon Stewart doing a show on, you know, what do you call it, Israel, and wanting to do a show on China and AI, they are definitely not signing Joe Rogan.
That's number one.
So Apple's out.
Number two, YouTube, Google.
Does Joe really want to go back to Google and see somebody else at Google ends up taking over as CEO?
And the next thing you know, they're going to come and give him a hard time about you can't talk with the next pandemic or whatever it's going to be hitting, climate change pandemic.
No.
So I think it's really four options that he's got.
Stay with Spotify, consider X, maybe a Rumble that's going to want to make some offers there too as well.
They're just going to go raise the money.
And last but not least, is do your own thing.
You get to pick and choose what you think Joe's going to end up doing.
But regardless what Joe does, whatever money he ends up getting, anything anybody pays him, it's well worth it.
And for the right money, I think he values loyalty.
And I think Spotify is probably in the lead right now.
But again, we'll see what's going to happen.
Let's go through.
If you're going to place odds on each of those four that you put it down to, would you say Spotify is in the lead?
Where would you put odds?
Like 50% he stays with Spotify, 25% he'd go with the Tucker route, raising money, whatever.
Where would you kind of put the odds?
I think Joe's brand is loyalty.
Joe's brand is trust and loyalty.
It's very that guy had his back.
Daniel Hack is back.
Now, here's the thing.
If Daniel Eck comes back and they're trying to lower the number or expect to get the, I saw that, Tom, lower the number or expect to change it or try to get a discount type of a deal, then you're not doing your part because Joe's done his part.
So, but if I think they sit there and say, look, we paid you 200 over three, are you willing to do 400 over three?
Maybe Joe's manager himself is going to say, how about we do 600 over five?
I don't know, something like that where it's a half a billion dollar deal.
And maybe he asks for a billion over 10.
Who knows?
There's different ways to structure.
And I think now that you've had three years together, you can come back and say, this is what my interest is.
And then they can do other things.
But we'll see.
Next, topic to go into 401k.
401k hardship withdrawals are surging as high inflation squeezes Americans.
This is a Fox business story regarding 401k.
So growing number of Americans are resorting to hardship withdrawals from their 401k retirement plans due to financial emergencies caused by persistent high inflation.
Bank of America analysis of employer sponsorship 401k plans found that 18,040 workers made such withdrawals in three-month period from July to September 2023, marking a 13% increase from June and a 27% increase from the start of the year.
Hardship withdrawals allow individuals to access their 401k fund for immediate and substantial financial needs.
However, they are subject to income tax and potential 10% early withdrawal penalties for those under 59 and a half, which can be waived with evidence of qualified hardship, like medical expenses and other things.
On average, Americans are withdrawn approximately $5,070, similar to previous quarters.
Tom, thoughts on the story.
Well, I think there's a bunch of things coming together.
We talked about credit cards in America had hit a trillion dollars over the last 150 days.
They went from 400 to 500 billion, back to a trillion as Americans spent through the summer and spent on that.
And now we're seeing people pull out.
We are seeing in the credit card data that people were putting groceries and people were putting permanent household expenses, meaning gasoline, electricity ends up on your credit card, not paid off at the end of the month.
That's now permanent debt.
And it's supposed to be a monthly thing where you use your credit card and you get the points because you pay it off.
So that's not happening.
So this is showing the inflation effect on America and it's showing the expense of living.
And one more thing came up.
HELOCs, home equity line of credits, they popped up.
Third quarter was the largest increase in HELOCs in 10 years.
You know what this means.
Okay.
So there's only one word I think about.
Inflation?
Well, for sure, but it's not that.
When you tap into your 401k, when you're tapping into your HELOCs, okay, those two things you do when it's desperation.
Yep.
It's desperation.
You only tap into those things when it's desperation.
There is nothing that makes sense to tap into your 401k, to have to pay all those fees and fines and taxes now and not wait for it because it's a long-term investment plan that you're setting aside.
And typically, a sign of this is telling you what's to come next.
We've been consulting three different transportation companies.
One of them is down 70%, okay, from a billion to 300 million.
Did you hear what I said?
From a billion to 300 million.
Wow.
So think about this.
Why would somebody be from that number to that low of a number, 70% drop?
Across the industry, that's happening.
Why are people not moving products?
Why are people not transporting stuff?
Why not?
They don't have money.
What's going on on the back end?
But we're not feeling that right now.
You're not feeling it right now in stores.
You're not feeling it right now, what's going on with...
So do they know something we don't know, right?
Do they know what's about to happen?
Like imagine you're in a room and you're the CFO of a company that's about to go public in four months, okay?
You and 20 other people in that room, guess what you're signing?
An NDA, you can't tell your wife, you can't tell anybody that you're about to go public because that's what?
Insider information, right?
So there is 20 people that know that, and then all of a sudden, boom, XYZ just announced they're going public with Morgan Stanley or Goldman Sachs or J.P. Morgan, whatever it may be, right?
Now it's public information.
All right.
Hey, do you want to put money into this now?
Some people are starting to call to raise some money and blah, blah, blah, blah.
Great.
When you know something's going on like that in the industry, you have insider information about what's to happen to the economy in the next three to six months.
That's the concern when you're looking at transportation, 401k, HELOCs.
These are all desperation, desperation, desperation.
Yeah, you hit the nail on the head with the desperation thing.
There's a famous hit the nail on the head.
Hit the nail on the bottom.
When you hit it spot on, you got to do it.
Hit it.
Here's the deal.
There's a famous phrase that says, when you're broke, you're desperate.
When you're desperate, you're stupid.
And I would argue that taking money out of your 401k is a very stupid financial move.
Why?
So the whole premise of a 401k is a retirement plan.
You're familiar with the three-legged stool of retirement.
So there's something that I learned when I started starting finance and insurance investments.
Three-legged stool of retirement is as follows.
So you have Social Security that if you pay into it, you get that.
What does that pay at most?
Two grand a month.
So right now, I think there was like an 8% increase in Social Security because of inflation.
All right, that's not how you're going to get by.
There's pensions, right?
So how many people do you know that actually have pensions, right?
Police, firemen, teachers, you know, professional athletes.
I think less than 20% of Americans have pensions, and it's probably closer to 10% these days.
Tom, you can probably fact-check me on that.
But the third thing on the three-legged alignment is your personal savings, whether that's cash, whether that's investments, and certainly your 401k.
Look, I just did a whole episode on Sazcast yesterday that only 50% of Americans are actually invested in the stock market.
So if you think you're just going to save your way to retirement or save your way to become a millionaire, you have another thing coming.
You actually have to invest and you actually have to use the power of compound interest to have your money grow.
It's how I became a millionaire, just by pumping money in year in and year out.
What's the maximum 401k contribution at this point?
About 20 grand a year.
So when you're doing that, your money grows and grows and grows.
But when you take money out, so what's the average money they're taking out right now?
About five grand.
Again, when you're broke, you're desperate.
You're desperate, you're stupid.
You're making a stupid decision.
Why?
Because you're getting double taxed.
So probably even triple tax.
Number one, you're paying the income tax.
So what's the rate on that?
20%, give or take, depending on your income levels.
Number two, you have to pay a 10% withdrawal fee.
Okay.
And then number three, you're not getting the advantages of compound interest after the day.
Look, there's two ways to look at the money.
There's short term, keep it in cash, save that money.
Long term, investing, whether it's your 401k, it's your Roth IRA, whether it's your mutual funds, index funds, ETFs, whatever it is, don't touch that money.
Like as the Bitcoiners always say, hodl or hold that, save that money and don't pump their money.
But Adam, what about these people, though, that they have, like Pat said, they're desperate.
They have nothing else to turn to.
They're not going to ask somebody for money.
They have to dip into it, which goes to my question, Pat.
That growing number of Americans, that 27% increase, how much of those people you think is going to affect their vote come this election?
I don't know.
I don't know if a 401k.
Here's another thing.
When you're pulling the money out, are you selling at the bottom of the market anyway?
Right?
Tom, you know what?
Penny's on to something.
If you're desperate and you're looking for five grand a month, you're not thinking about it.
Not five grand a month, just five grand.
Well, it periods.
To everybody's point here, I mean, we're hitting the same point going kind of around like a nail on the head.
No, no, no.
It's kind of like a merry-go-round we're going around.
Pat's point was people are desperate, and these are all absolute clear signs that the American citizen is desperate at this moment.
And no one's thinking top of the market, bottom of the market, although they should be.
You should be getting some good financial advice from somebody, but they're not applying that right now because they can't apply that right now.
Tom, do you think that's going to affect the vote?
My question was.
Well, here's all you need to know.
When you look at page 19, just go to page 19.
Biden's approval rating.
According to Reuters, Reuters is a left leaning.
It's a newspaper and a site that can't stand anybody on the right.
Look what they say.
Biden's approval falls to the lowest level since April.
Reuters, Biden's approval rating has reached its lowest since April, with only 39% of respondents approving of his performance as president down slightly from October and September.
This decline raises concerns about his reelection prospects in 2024, especially as he's expected to face former President Donald Trump in a rematch.
The poll also revealed growing unease among respondents about war and foreign conflict.
He's been asleep with 8% ranking.
It's as it as their top concerns in November up from 4% in October.
This reflects heightened concerns surrounding the Israel-Palestinian conflict making the highest level of war-related concerns since April of 2022.
The economy remains a significant concern for 20% of respondents, while crime and environment were cited as 9 and 7%.
So you're making a point that it is going to show up if it continues like this.
But if all of a sudden mortgage rates right now, I'll go to the next story here that's very interesting.
Is mortgage rates are now at 7.6 give or take.
Interest rates dropped a little bit, right?
Okay.
And it's been the biggest drop-off in like 16 months.
However, there's a number that you look at here, talking about what's happened in the 38-year-old housing affordability.
If you go to page eight, go to page eight about housing affordability.
Housing affordability, it's 39-year low.
You know what's 39 years?
Vinny, how old are we?
45?
45.
What's 39 years ago?
39 years ago is 1984.
1984 is wham, careless whispers.
Wham.
1984 is Dan Marino.
1984 is Michael Jordan drafted.
1984 is like, you know, Reagan and Bush, I want to say, right?
That Cavarici.
1984 is like a whole different thing.
Housing affordability is 39-year low.
It's fair to expect prices to weaken, okay?
Is facing its least affordable conditions since 84 with mortgage rates at 23-year high monthly principal and interest payments on a median price home reached a record high in October, ever, exceeding $2,500 for the first time since 1975.
This marks a significant shift as the typical monthly PI payment has risen 94%.
Oh my God.
90% of the time.
Did you hear 90?
That's banana.
Has people's income increased 94%?
It's going, what do you mean?
That's low.
The PNI payments increased 94 in two years, now amounting to roughly 41% of the typical household's income.
Rising affordability pressure are not solely due to high interest rates, but also reflect a price-to-income ratio of nearly 6% to 1 in contrast to 1980s when the rates were in double digits and home were about 3.5 times median income.
To restore housing affordability, one of the three homes, one of the conditions must be, one of the three conditions must be met.
A 4.4% point drop, which is not going to happen anytime soon, that the 30-year mortgage.
A 62% increase in median household income or a 38% decline in home prices.
Let me read that one more time.
Rob, can you highlight it so I can show that to the audience what it just said?
That specific statement, okay?
It says, I'll read it one more time.
You can find it.
Listen, folks, if you're listening to this, it's very important, okay?
In order to restore housing affordability, one of the three conditions must be met.
Let me break it down for you.
Number one, mortgage rates need to fall by 4.4 percentage points.
Okay.
The median household income needs to increase your income by 62 percent.
So if you're making 100 grand a year right now, your income needs to go to 162.
If you're making 80 right now, your income needs to go to 128, okay, give or take, 60 percent, yeah, 128.
Or the third one is home prices need to fall by 38 percent.
So a million dollar home needs to be 38 percent, 720.
No, it's a 38, 620.
Okay, a half a million dollar home needs to be roughly three something, okay, is what they're talking about.
These are insane numbers that when realtors get out there and say, Yes, the rates are going to come down lower and prices are going to skyrocket.
You think you want that, but that's a very strange economy you'll enter, Tom.
You know, exactly.
When I read this, you know, and I look at it, the decline in prices, we need more homes for sale.
Anybody who's looked at any of the national information, and you don't need to be a geek on stats like me.
You just read your casual.
Come on, Tom.
You're better than that.
You're not just a geek.
You're a cool, fun guy.
You had a great lunch today.
I'm a cool geek.
No, my point is, visualize this.
If there's not enough for sale, the price is up.
So we suddenly need another, we need the current homes that are for sale.
I read we need that, Pat, to almost double.
So if the number of homes for sale almost doubled, more selection means the price will come down.
And the 62% increase in median household income means that the 72% of American females that are not on OnlyFans have to get on OnlyFans.
So suddenly it was by the way, this is a public service announcement for the Sascast available later this week.
Tomorrow, huge show.
But I'm being silly, but the point is you suddenly have to find a way.
This is not about waiting tables on the weekend.
This is not about, you know, if your wife's a school teacher like mine, you're tutoring.
This is a 62% need.
This is huge.
I look at it and I just realize there is a new normal.
And also something happened this week, Pat, on adjustable mortgages.
Adjustable mortgages suddenly popped up.
And anybody who's ever had an adjustable mortgage knows you're making a bet.
You're making a bet that in 36 months or less, that mortgage will be down two points because that's when you have a benefit to refi because you usually pay about $1,000, $2,000 in fees to refi.
So this whole thing is pointing to if you're renting, better be used to renting.
And if you own a house, stay in that house.
Keep your 3% mortgage.
But for the love of God, don't use your HELOC to buy groceries.
Right.
And speaking of supply and demand, you said, all right, who the hell is selling their house right now?
Because you sell at a 3% mortgage, you sell to the highest bidder, now you're going to go lock yourself into what, a 7.5%, 7.9%, 8% mortgage.
You're not going to do that.
And I think that's a 30-year fix.
And over a 15-year fix, I think it's closer to 7%.
So in other words, if your old house had a $400,000 mortgage, your new house could only have a $210,000 mortgage.
So where the hell are you going?
But it's funny because I covered this yesterday.
In 47 of the top 50 metro cities, it is infinitely cheaper to rent.
I know you're always like, tell me a good time to buy.
It's been a year and a half or a year and a half.
The time.
It hasn't been the time.
47 of the top 50 metros, you will save on average $1,200 a month simply renting these days.
It was a USA Today article talking about what's the better option these days.
If you missed the boat during COVID, when there was sort of like the gold rush of housing, you missed the boat.
I wouldn't even think about it these days.
So if you go to a city like Austin, Austin, Texas, you talked about Joe Rogan.
Do you know how much more you're going to be paying a month to buy a house?
$2,300 a month.
There's three top 50 metros where it's better to buy.
Let me know if you want to move to any of these cities.
Number one is Pittsburgh.
I'm good.
Okay.
Number two is Memphis.
I'm good.
Unless you're a fan of the King.
You're probably going there.
Or number three is Birmingham, Alabama.
So if you're looking to live in any of the big cities in America, New York, LA, Chicago, Miami, Dallas, Houston, any of these cities, it is infinitely cheaper to rent.
You'd be saving at least $1,200 a month.
And to back to your point about the economy, the whole premise, James Carvo famously said, it's the economy, stupid.
Donald Trump will simply have to ask, are you better off today or were you better off four years ago today?
There's a huge argument to be made.
People are way better.
Think about it, Pat.
I came here.
I sat in this chair when you just had me on as a guest a long time ago.
And I kept asking that question, when?
And you guys are like, just wait.
In a way, it's been over two years and it's gotten worse and worse and worse and worse.
So if that doesn't wake the people up, that's right.
When I see these polls and I hate polls, but you see, Trump is up by, you know, he's 52% and Biden's at 58.
I mean, 48.
What the hell are those 48% thinking?
Is it just hate for the other guy, Tom, where you're like, listen, the hell with my wallet, the hell with my safety, the hell with the border, the hell with all these wars, just as long as the orange guy's not in.
Yeah, it's funny you say that.
Let me show you this here because I was about to go to the next business story, but since you're talking about that, take a look at this.
Trump leads in five critical states as voters blast Biden.
This is a Times and Sienna poll finds.
Okay, take a look at this, Rob, if you can show this.
President Biden is trailing former President Donald Trump in five out of six crucial battleground states one year before the 2024 election, according to polls conducted by the New York Times.
This is not New York Post.
This is New York Times.
And Sienna College, Trump leads by margins ranging from three to 10 percentage points in Arizona, Georgia, Michigan, Nevada, and Pennsylvania, while Biden is ahead by two points in Wisconsin.
The poll reveals deep dissatisfaction with Biden's handling of the economy, again, and other issues with voters believing his policies have personally harmed them.
Demographic groups that strongly support Biden in 2020 are now more closely contested.
And a majority of electoral college feels the country is moving in the wrong direction.
Concerns about Biden's age and mental acuity are widespread with 71% of respondents considering him too old to be an effective president.
New York Times.
And this is what pisses me off, Pat.
This is what pisses me off about that.
Everybody says Biden this and Biden that.
And let's be honest, okay?
When Trump was in, all the decisions that he made, we got the point that Trump would be like, yo, it was Trump.
He said this.
He was stupid.
This Joe Biden is literally making zero decisions.
And here's how I prove it.
Every single time he speaks, Pat, he goes over or he says something he's not supposed to say.
What does he say?
They said that I shouldn't be doing this.
Or they said if I keep doing this, I'm going to get in trouble.
Stop lying to yourselves and thinking that it's him that's running it.
You know, I'm pretty sure George Soros has a hand in all that stuff.
But it's like, Pat, it worries me that Trump's numbers are up there.
It worries me that they're trying.
Obviously, they're trying with the legal stuff in New York.
I don't think it's going to stick.
It scares me that what are they up to?
What is the left up to?
What kind of trick is up to swing for this year?
But there's only one thing left.
You only think it's that one?
There's nothing else left but the one thing.
Really?
There's nothing else.
You don't think, Pat, not to cut you off?
You don't think in this, if I had to run a poll of three things, Rob, think about it.
This election year is coming, Pat.
Don't run it yet.
Don't tell me what to run.
Let's just say, Pat, do you think to shake stuff up, to make it, to stay home and vote and not leave the house, is it going to be, because the border's open and they're threatening us.
Christopher Ray's like, the terrorists are here.
Is it going to be a terrorist event?
Is it going to be another election night of problems?
Or is it going to be like something bigger?
Oh my God, aliens are here or we're going into war.
It has to be something.
I think the way they do it, you have only one option left with Trump, period.
There's only one option.
Listen, it's only one thing, okay?
Look, you know, it's crazy.
Today, I got this book coming out December 5th called Choose Your Enemies Wisely.
And I finished doing the Audible.
And by the way, freaking love doing the.
I told certain stories about Tucker Carlson's when we were trying to get him on board too.
I told certain stories on the Choose Your Enemies Wisely Audible, that it's not in the physical book.
This comes out December 5th, okay?
I'll tell you a crazy story.
Watch this.
You ever heard of the story of Dasla?
You ever heard of Dassler, Dassler Shoe Manufacturing Company?
You ever heard of Getta?
Let me tell you the crazy story of Geta.
Geta was the shoe invented by Rudolph and Addy.
They produced this shoe, Getta, G-E-D-A, worn by the one and only Jesse Owens in 1936.
Jesse wins four gold medals.
When the world finds out what shoes he wore called the Getta, the G-E-DA, Jesse Owens shoes, you can just type this.
The Dassler brothers produced this shoe called Getta.
Well, guess what happens?
Their shoe company takes off.
One brother against the other.
They start fighting each other.
They become each other's enemy.
They chose the wrong enemy.
Here's what ends up happening.
On one end, Addy says Rudolph is a Nazi sympathizer.
Rudolph says Addy stole money from the company.
So they eventually say this shit's not going to work.
In 1948, you know what company starts?
Rudolph?
He starts a company called Puma, which is now an $8 billion company.
Guess what?
Addy starts.
Addy Das in 1949.
Adidas becomes a $34 billion company.
Okay.
Fast forward to today, between the two of them, they're a $41, $42, $43 billion company.
Nike comes out 20 years later, I think in 1960.
If you type in when Nike was founded, I want to say 67, 68, Nike gets started.
There you go, 64.
Huge four again.
Nike gets started with Pre-Fontaine.
That's right, GoPri.
And these guys end up taking Puma and Adidas, and Nike becomes $167 billion company, nearly five times what the two companies are worth combined, four to five times what they're worth.
What happened?
They chose the wrong enemy.
The brother became an enemy.
What's the moral of the story?
Chamberlain thought Churchill was the enemy.
He wasn't.
The enemy was Hitler.
America needs to get over this bullshit concept of thinking Trump is the enemy.
Trump is not the enemy.
The enemy is outside of the U.S.
They are such scared little pansies worried about this guy, thinking he's the enemy.
And then all of a sudden, when a World War III starts, they're like, holy shit, it wasn't really this freaking guy.
At least he loves America and was safe when he was around.
The enemy's outside.
Does it really need to get to that point for people to get a little bit more comfortable to say, what the hell did we get sabotaged about?
Convinced this guy was a bad guy for 50 years when he thought about the lifestyle of the rich and famous.
Rappers wanted to be Trump.
Kids wanted to be Trump.
There's a reason why mainstream media hosted a show called Apprentice for 15 years.
There's a reason for that.
Why?
Because it works.
People wanted to buy.
And then all of a sudden, one decision and mainstream media made you think this guy's a bad guy.
I think people have to get to a point right now to realize the enemy is not within, the enemy is within the U.S. There's no question about it.
We got a lot of them in the establishment side that are trying to take this country, this great country down.
But the right people who can reason, the independents, the reasonable folks, yesterday I got into a conversation with a guy on Twitter.
I'm like, do you really believe this about, you know, Muslims and Hamas?
You seem like a reasonable guy.
How could you say any Muslim that, you know, condemns what Hamas did, you're not a true Muslim?
Any Muslim that condemns what Hamas did is not a true Muslim.
And I actually like this guy.
I've had him on before.
I said, your language here, there's no ability to reason.
You're convinced there is nothing wrong that was done about October 7th.
A Muslim who condemns October 7th as a hypocrite and a traitor to Islam.
Okay.
So I'm like, I got calls from Muslims saying, Pat, this is not us.
And I'm like, I don't even think this is him because I've talked to this guy before.
But to me, the point is this.
People are starting to realize they don't want World War III.
They just want a good economy.
They want to have a job.
They don't want to be gaslit.
They don't want to be manipulated.
They don't want to be brainwashed.
They want to be free.
They want to go watch a good movie without worrying about what's going to happen with these movies.
They want to watch media and just give me the news.
What the hell is going on?
Stop telling me like bullshit.
That's a lie for three and a half years.
And then you move on.
The other day, Steven Crowder shares the stuff that he gets from the Puma.
The Manifesto, the National Manifesto of the Transgender Girl.
It goes viral everywhere except Instagram takes it down.
Videos take it down.
Why?
Because the guy was the girl, the trans was a liberal saying stuff, kill white man, kill white, all left ideology, all left ideology.
No, no, we can't report on that.
Of course not.
That's how they hit it.
Look, but worse than that, she had a mental issue, which people are saying is at the core of a lot of this.
That's not forever.
That's not the narrative.
Is it?
And, L Pen, but going back to my question, L Pad, do you think those people that you're talking about are going to wake up?
I genuinely don't feel it.
And I'm not saying I don't know.
You don't need everybody, though, bro.
Life doesn't work that way, Vinny.
In life, you think, you know, very early on in my life, I had certain people that didn't support me starting my own company.
At certain people, when we got married, Jen and I got married.
You have no idea how many endless letters we got.
I specifically, anonymous.
Why are you marrying a white girl?
Why are you marrying this?
When I started an insurance company, you know how many people didn't support that?
I wanted their support.
You know how many people told Jen, you sure you want to marry Pat, a guy from Iran?
You sure you want to marry a guy like that that's got that kind of a temperament that he's going, going, going?
You sure you want that?
Guess what?
We're okay.
You're taking marriage one year at a time.
Business is doing okay.
But you thought you needed everyone's support.
You don't need everyone's support.
You need the right amount of reasonable people who have the courage, the willingness to accept flaws in their own argument, accept the other side's argument.
Okay, they're able to reason.
They love people.
If we can have fundamentally those five elements that you need where we can have a good conversation together and make progress, then we can lead the rest of the world.
It starts with those five.
If we don't have those things, forget about it.
But I think plenty of people today are sitting around saying, you know what?
I think there's something out there.
I think we're going to be okay and we're finding each other.
I want to go to the next story here.
Next story we got is: you brought up, I don't want to go to politics early, but we're already there.
Sorry.
Work from home staff worried they're being looked down on, missing out on promotions.
This is a daily mail story.
And by the way, I actually agree with the story.
You are if you're thinking this.
Remote workers express concerns about being looked down upon by colleagues who have returned to the office with 60% of hybrid workers having a sneaking suspicion that on-site staff have better career opportunities.
According to McCrindle research, overall, 59% of all workers believe that those in the office will benefit more in terms of career investment.
They will.
Productivity is a key factor in this divide.
With 67% of workers admitting they are more productive in the office than home.
Again, look at the number.
67% admitting, not 6%, not 7%, 67% they're more productive in the office than at home.
This has led to the coining of the term super officy, superior officy to describe the perceived superiority of on-site staff.
The social divide between remote and on-site workers is also evident, leading to a desire among many employees to return to the office for the social benefits.
This division has led to video conferencing FOMO, where hybrid and remote workers fear missing out on workplace happenings.
Tom, well, guess what?
The mainstream business media owns a lot of CEOs an apology because now you're coming out saying, oh, poor people, poor, downtrodden people.
They need to be given advancement opportunities, need to be doing this.
Where there were people out there, like you can look up, this guy went out on a limb.
There was a division of Verizon, which was their media group called Oath, and a guy named Tim Armstrong was a CEO.
And he was saying, wait a minute, I can show you in our annual review process that you're not getting the mentorship opportunities.
You don't get the sidebar conversation with somebody before a meeting or after a meeting.
You don't get exposed to somebody on a presentation or a project you've made when all you are is on a Zoom.
And you're not going to get considered, not because you're not present, because you're not developing as fast.
You're not in the human environment.
And so I have no tears for the people that weren't, not for the people that were forced during lockdown because their city or whatever said, hey, you can't come to the office.
They were forced home.
And it happened in a lot of blue cities.
But the people that fought, kicked, and screamed and cried to stay home.
And Pat, we encountered some of them.
We tried to interview them at the insurance company.
And we're like, look, if you're this much trouble now, you're going to be trouble later.
This interview is over.
Goodbye.
They are now coming back saying, oh, poor me, poor me, poor me.
The fact, if you're around a team of people, you develop as a human.
It's a thing called a human relationship and it's called a work relationship and it's called mentoring.
And that's how you get better.
You know, whether it's a coach in athletics at college, how do you do that remotely?
You know, how do you, how do you get better without the relationship of somebody who's willing to take an interest with you and be with you with all those micro meetings during the day after that Zoom?
And now, oh, I don't have advancement opportunities.
Sorry.
If you forced it and stayed home after COVID was over and you kicked and screamed to keep a work from home opportunity and now you're not advancing, I'm sorry.
You made the wrong decision.
For me, this comes down to one word, and that word is leverage.
We talked about who had leverage during COVID, and it was the employee.
They said, hey, look, I'm not going to the freaking office.
It's COVID.
I don't know how was going on here.
Government said to stay home.
Yeah, I have the leverage here.
So now the leverage has shifted.
The employer has the leverage.
You have the option to say, well, look, if you're just not coming into the office, we'll go find a better candidate or a candidate who's willing to come into the office.
I still can't believe this is a thing.
We are a quarter away.
We're out three to four months away from having the four-year anniversary of the onset of COVID.
The fact that people are still basically saying, yeah, you know, COVID, bro.
Yeah, I don't want to don't want to get that new strain of COVID.
And I just don't want to work from the office anymore is so dumbfounding to me.
But again, it comes down to leverage.
If the company is like, yeah, well, you know, we'll let them do that.
That's fine.
The employee will take advantage of the employer's niceness, weakness, whatever it is.
I don't think it's leverage.
I don't think employers are trying to take advantage of this right now.
I think there's a reality that people want to be promoted and they're not able to.
I actually agree with them, but I'm going to replace the word leverage with abuse.
And let me tell you what abuse is.
You know, when they say, you want to know, test someone's character, give them power, you learn a lot about them.
Okay.
Employees had a lot of power during COVID.
What do they do?
They abuse the power.
You know you did if you're watching this.
You know who you are.
Don't act like you didn't.
I know you're watching right now thinking like I'm your boss.
I don't, you don't work for me.
It's not you and I, but you know you abuse it.
Many of you did.
I'm not talking.
If you're my audience, if you're a PBD podcast audience, probably not you, but 10, 20% of people that watch the PBD podcast because they can't stand what we talk about.
We love you as well.
But you know, some of you abused it.
Okay.
And by the way, we also know many business owners abuse their power as well.
We've seen that happen as well, where you know somebody's doing what they're doing.
You're abusing your power against your people and knowing they've done their part.
They've risen.
They've done good things.
By the way, abuse from the top, nor from the bottom, is not a good long-term strategy.
You will be exposed.
The market will expose you.
The market will expose an abusive father.
The market will expose an abusive husband.
The market will expose an abusive wife.
The market will expose an abusive mom.
The market will expose an abusive boss and abusive employees.
It's just going to be taking place.
But I will tell you this here with what's going on.
I remember when this happened.
Do you remember what I said on the podcast when this was going on?
I said, because you guys, it was you and a couple other guys.
Like, guys, if you can get your raise, go get us.
I'm telling you.
I remember that.
Don't do it.
I'm telling you, don't do it.
And I took the other side.
I was like, go get your money.
Yeah, you took the other side.
But listen, this is fine.
This is why we have the exchange.
I said, don't do it.
This is why I said, don't do it.
Because you reward loyalty, dude.
Like Moral and Tikren are multi-millionaires now, bro.
Tikrin started minimum wage with me.
10 bucks an hour.
Tico, I don't even know what we paid you when he first got started.
Minimum wage.
You're paying him too much, Pat.
Probably some would say we were paying him much.
But guess what happened with him?
He just got promoted to the VP of distribution and sales.
I love that.
And you know what?
Equity shares got emotional.
He was in tears when we made the announcement at the restaurant and with Capitol Grill in Dallas.
It was awesome.
Love this guy.
But guess what?
Loyalty.
His kids are my kids.
The other day, I'm throwing a ball with them, and Daniel and Dante were, you know, just pitching as if I know how to pitch, but I'm giving out the basic fundamentals.
My boy, we're having a good time together, right?
Mario, same thing.
There is a value in you doing that long term.
I'm on one of these podcasts this week.
I don't know who it was.
Guy asked me a question: What's one of your biggest fears?
And I don't even know how we got into it.
You know what I said?
What's one of my biggest fears?
One of my biggest fears is losing God's favor.
Wow.
I don't know if I have many fears outside of that.
I really don't know if I have, like, I think about what I have.
Do I want to go out there and have a penthouse on the 100th floor and sit outside, have a cup of coffee?
Probably not.
That's not my cup of tea, if you know what I'm talking about.
You've been there.
Do I want to go out there, jump out of a plane, and go like one of those guys that are flying like this and all this other stuff?
That's not your thing.
But it's not, I have zero interest, right?
Biggest fear, losing God's favor.
There's nothing worse than you getting favor after being on your knees, praying, God, if you give me this, I will commit to you for the rest of my life and I'll do my best.
My relationship with God, I feel like it's a David and God type of a relationship, okay?
And I'm the underdog.
It's the whole David and Goliath story.
We have a very unique relationship.
When you have a relationship with a boss or a supervisor or a CEO or a person you're working with where they have your back and they're willing to make your life better, don't lose favor.
Don't be an asshole.
Don't be a jerk.
Don't abuse.
Vice versa.
When you have people's loyalty, don't do the same.
This doesn't mean don't have high expectations.
This doesn't mean don't challenge him.
This doesn't mean don't call him out.
This doesn't mean sit there and be like, oh my God, all this other stuff.
I love one of the things Elon talks about in his book.
This is why I tell everybody to go by Musk's book.
One of the best things he talks about in his book is the following: the commandments that they have when you work with an Elon.
Here's what they say: a maniacal sense of urgency is a must when you work with Elon.
Here's the other one: he says: Camaraderie is dangerous, it makes it hard for people to call each other out.
100%.
There's a tendency to not want to throw a colleague under the bus if he's your friend.
Guess what?
We have: Hey, you're not doing something, call him out.
Is that the right thing?
Is this this?
Is this that?
No, that's our environment.
That's our culture.
But never, ever, if you have favor with anybody, never screw up losing favor with someone that is willing to go above and beyond to do great things for you.
That's God, that's father, that's husband, that's wife, that's family, that's friends, that's running mates, that's people that have your back, any of that.
Anyways, we can go to the next story here: India debate on 70-hour work week.
Is it illegal or road to greatness?
CNBC, they're worried if this is illegal.
Don't you just love the fact that CNBC is so deeply concerned about?
You're getting involved in India.
What?
Page nine.
Info says founder Narayana Murthy's controversial statement suggesting that young people should work 70 hours a week to boost India's economy has sparked debate.
While some industry leaders agree that such long hours may be necessary for India to compete globally, there's also strong opposition with concerns about mental health and work-life balance.
India's current average work week is approximately 47.7 hours, already higher than other countries like the U.S. and UK and Germany.
And industry leaders argued that the greater effort are needed for India to compete with global economic giants, making sacrifices like extended work hours essential.
The debate has also highlighted the generational and cultural differences in perspectives on work.
Tom, I got so much to say about this, but I'll go to you guys first.
Let me tell you, beware the man that wants to outwork, out improve you.
And I agree.
And that, ladies and gentlemen, if you don't think that they're inside the business of India, and I'm talking about the equivalent of their NBA schools and their CEOs and their national pride, if you don't think they don't look northeast to China and they want to kick their butt as a labor source, as an innovation source, you're not paying attention.
And beware the man that wants to outwork you.
And that's what India wants to do.
They want to outwork people.
And what they're basically saying here is that, you know what?
We're going to really have in a debate on this point.
And they're not letting liberal politicians go, no, no, no, wait.
What about a 30-hour week and four days in the office and one day from home?
And these are industrious people.
And I have a great deal of respect for them.
You take a look at the great men and women that have come out of IIT and are part of U.S. companies.
And IIT over there is equivalent or even better than our MIT.
And so I think this is a dedicated group of people.
And I'll tell you, I wouldn't want to go up against them.
You know, if I'm China, I don't want to go up against them.
And what they're talking about here is just the core of the engine that causes people to pass you.
And Pat, did they make that move recently where the iPhones are being, there's more being made in India than there are in China now?
Yeah, they're now you're starting to get iPhones being made in India than China, which is great.
Well, they're stepping up their work hours and they're busy.
And Pat, and if you're young, work your ass off.
Who gives a shit if that's got it?
They're stepping up in Apple's office.
I got to tell you, there's probably a lot of people in India who are working.
They're being like, hold on, what?
What?
They're working right now, 42 hours.
70?
So it all depends on who you are and who you want to be.
If you're an entrepreneur or an intrapreneur or a salesperson, if you're actually working on commission or you own the business, dude, 70 hours, no-brainer.
I've been there.
I've done that.
I'm sure you've worked 100-hour weeks, okay?
But if you're working, the typical nine-to-five worker and they're about to tell you that you're going from 47 hours a week to 70, alarm bells are going off in your head.
Again, it depends on who you are and who you want to be.
By the way, here are the five countries with the longest work weeks.
Number one at the top of the list is the UAE, 52 hours a week.
Then you have Gambia at 50 hours, Bhutan at 50, Lecitho, never heard of this country, 49.8, and the Congo at 48.6.
And you have countries at the bottom of the list as far as the nine to five type work weeks.
I haven't heard of half of these countries.
Venetao, 24 hours a week.
Karabati, 27 hours a week.
Mozambique, 28 hours a week.
Rwanda, 28.
Austria, 29.
So there's precedent here is all that I'm freaking saying.
And all right, you found that rough.
Thank you, buddy.
So if India wants to go from 47 to 50 and surpass UAE at 52, 53, go for it, guys.
You have the largest population in the world.
But to go from 53 to 57 to 58 to 60 to mandated 70, if you don't have that entrepreneurial spirit or tried to build a business or a salesperson, which I was, which I understand, and you're just a nine-to-five type employee, that could be very shocking.
It's a whole different element we're not talking about.
Let me tell you what it is.
Okay.
So what is a secret sauce for parents to make sure their kids don't do drugs growing up?
What do you do?
Expose them to the wrongs of doing drugs.
Show them people that have failed.
What do you do?
What's the basic thing to do what?
It's a very simple phrase we've all heard before.
You want to make sure your kids don't get involved in stupid things.
Keep your kids what?
Keep them busy, right?
Do things, which is what?
Sports, activities, et cetera, et cetera.
Okay.
No problem.
If you want to lower crime in your city, what do you do with your population?
Give them jobs.
Keep them busy.
Positive distraction.
I would much rather have my city, my guys, working at a younger age in their 20s than doing anything else.
If guys are working 70 hours a week, guess what?
They're probably like, dude, man, I'm going to be passing out on Friday.
I'm good, but I party Saturday.
So I get these guys to party from one night a week to two times.
When I was running a sales team, let me tell you what I used to do on January 1st.
You ready?
When I was asking anybody that worked with me, they're going to tell you, Pat would freaking do this every day.
Can I guess what you did?
Go for it, okay?
I'm guessing.
Go ahead.
January 1st.
January 1st, you had a 9 a.m. meeting.
8 a.m.
Not 9 a.m. is late.
8 a.m.
On the day after.
On January 1st.
8 a.m.
I don't care if Pat, that is abuse.
Go ahead and say it.
It's not.
By the way, I would have been there at 8 a.m.
I know you would have been.
I just wouldn't have slept.
But here's the thing.
You know what happened?
So guess what happened when I started running meetings on January 1st, 8 a.m.
You know what happened?
Our DUIs went down.
Why?
How many DUIs?
People know nothing.
Wait a minute.
What happens?
Have you been in sales before?
What do salespeople do?
Drink and drive.
Drink and drive.
That's what they do.
What do you want to do after work?
Let's go have a drink.
Are you kidding me?
I lower DUIs.
So that's a net positive to society.
If I get people to party, what happens if you get a city to party one fewer nights the other night?
If you get one, less DUIs, less profits.
But a lot of bars are going to have to be a lot of fun.
I'm not in that business, though.
But if you think about the behavior is a better behavior.
So, yes, I don't mind doing 70 hours.
And by the way, U.S. CNBC, that journalist from Columbia or Yale or Cornell or whatever school you went to, okay, that told you it's just not good.
And you're the work from home gang community, right?
You guys all go on these work from home chats and talk to each other while you're watching Netflix and chill and whatever freaking show you're watching.
Guess what India is doing?
Laughing at you, flat out laughing at your face.
They're saying, what a freaking American.
I'm in the Shah's documentary stuff I'm listening to right now.
You know what's one of the things he called America in the West?
He said, the American people take one too many sleeping pills and they need to wake up.
The American people take one too many sleeping pills.
This is a guy that when he became the king of Iran, the literacy rate in Iran was 1%.
Only 1% of Iran could read.
You know what he did 10, 20 years later?
He took it from 1 to 50%.
Wow.
How do you do that?
High standards, high expectations, getting people to work, getting people to be smarter.
So, India, I hope you don't listen to none of these clowns who are these journalists at 23 years old writing an article like this bashing you.
I hope you whoop some ass.
I hope India stays focused and you dominate every one of these clowns that knocks you guys working 70 hours a week.
And one day when you wake up in your 30s, 40s, you're like, listen, now if I want to work 70, I'll do it because I chose to.
But at least in the years where you make the biggest, dumbest mistakes, 20s, you got away with making fewer mistakes because you were working your butt off building a company, Tom.
I agree with you 100%.
You know, at my house, I'm known as being a little intense at the holidays because I start to get bored between Christmas and New Year's because I don't turn off my brain.
And Kim and I have had this tradition.
We sit down, we plan, we do our taxes on New Year's Eve, believe it or not.
New Year's Eve, we go over to people's house, but today, New Year's Eve, you know what?
We're planning to do our taxes.
New Year's Day, we get up and we make the plan for the year.
Where are we going?
What are we doing?
We confirm, you know, vacation, stuff like that.
And when you keep yourself occupied, good things happen.
Very good things happen.
And I think good things are about to happen for India.
And I do not think it's a bad practice to be more on top of your game and more intense and focus a little bit more.
I mean, I teach my girls work ethic.
I teach them strong work ethic.
It's not how many hours you work and it's until the objective is completed.
I talk about them a lot.
And right now, India's objective, they talk about this.
What are they talking about?
Long-term industrial competitiveness is compete with global economic giants.
Those are the objectives they're putting on there.
And somebody is looking at and saying, if we want to do this, guys, this is the price.
I'll bet you any money too.
The girl that wrote that article, she was writing it from home.
I actually am curious to know who.
Rob, can you go look up who wrote the article?
And guys, probably on the couch.
This isn't like the government in India mandating this.
This is even a proposal.
This is one serious entrepreneur.
His proposal, his idea, Naranya Murthy, who's he's the founder of InfoSees.
So I think it's just something that he put out there to see the test sort of the marketplace.
I would love to see what the people in India have to say if you're going to go from 47 hours, what is it, to 70.
What's the increase on that?
You know, Adam, come with me.
Let's go to 35%.
Let's go to Hyderabad, India.
Let's go to the tech center that supplies a lot of support to the U.S. companies, front-end engineers, back-end engineers, iOS, Android engineers, Ruby on Rails, Python guys.
And you'll tell me they'll look at 70 hours and they're like, where can I get that job?
They're busting ass right now.
Yeah.
Let them.
I love that one.
People would say to me, I would go to my friends and I would see them and they would say, Patrick, you're working too hard.
Don't you think you're working too hard?
You think it's healthy?
You think it's this?
I'm like, dude.
They're not worried about you, Pat.
They were worried about themselves.
Exactly.
They're worried about the fact that you're advancing and it's like, hey, do you think this is healthy?
Do you think this, I'm like, dude, listen.
What's the breakdown, by the way?
How many, is it six days a week or five days a week?
Because if it's five days a week, what is that?
14 hours a day.
And if it's six days a week, what is that?
11, 12 hours a week?
A day?
It's not a crazy number, by the way.
I've been there.
I've done that.
I'm just saying.
Guess what?
It worked for me.
No doubt.
But if you're built that way, if you tell a typical employee who's used to nine to five, by the way, you're now nine to nine.
If you sell it, if you sell the benefits of it, if you sell the benefits, it's got to be the person's choice.
You don't have to, not everybody needs to do it.
But if you sell the benefits of it, let me tell you, anybody you're in the hunt with in anything, whether it's military, whether it's business, whether it's, it doesn't matter what you're doing.
If you're in the hunt with somebody, the level of bond you build with those people when you're in the hunt, for the rest of your life, when you guys look at each other, you have a smile on your face because you know what you guys paid, the price you paid together while you build whatever you build.
There's one X factor here.
The wife who's always complaining that you're never home because you work too hard.
Now you're working even harder.
I don't know.
I think those wives are going to get connected.
That's why you talk about it up front.
You ask what kind of a life you want to live, honey.
You talk about it up front.
Let's talk about this next thing again and we'll go into politics.
Thousands of people are reportedly lining up to have a portion of their skull removed, literally, removed.
And one of Elon Musk's brain chips implanted.
Okay?
Rob, can you just pull up the story so people can see the cover the story there so they know what we're talking about with Neuralink?
Here we go.
Thousands of individuals have expressed interest in receiving brain implants from Neuralink, a company co-founded by Elon Musk.
Although the company has not yet implanted its device in a human, it's plans.
It plans to operate on 11 people next year and aims to reach over 22,000 by 2030.
Neuralink received approval from the U.S. Food and Drug Administration to conduct human trials earlier this year.
The device is described as a Fitbit in your skull by Musk with the goal of enabling a symbiotic relationship between humans and machines, allowing actions like sending messages or playing games using thoughts, despite considerable interest.
The company is still searching for its first volunteer willing to undergo surgery to have a portion of their skull removed so a robot can insert electrodes and super thin wires into their brain.
Vinny, would you do that?
First of all, would you do that?
This is the beginning of the end.
I just want everybody to know that.
First of all, Pat, I read the book of Eli.
I heard it all.
I just finished it.
Did you?
Yeah, it was all.
No, dude, he's a no-joke BS.
Like, he's there.
He's sleeping in the office.
He's sleeping at SpaceX.
The guy's, he's insane.
But when it comes to something like that, especially SpaceX, Pat, things crash.
You know, the spaceship, the shuttle doesn't re-entry, it burns up.
To be one of the first 11 to go in there, bro, if a rocket ship that they put together is going to crash, who knows what that's going to do, bro?
When you start messing with your brain, that's a whole different situation.
But I could see how volunteers are maybe people that are in a wheelchair or I'm assuming, trust me, if I was in a wheelchair, Pat, and it was like I was really in bad shape.
You would do it.
I would 100% do it.
So you would do it.
I would do it if I wasn't.
Would you volunteer to be the first?
If I was in the if I was in the middle of it.
Right like this?
Yeah.
No, I mean, there's still stuff happening.
Adam, what do you got?
I'm good on that.
We talked about when you're broke, you're desperate, and you're desperate, you're stupid.
There's just going to be some broke, desperate, stupid guy.
Hey, yeah, I'm here for the brain implant.
Yeah, I'm just getting in line over here for that.
I'm good on that.
No, I wouldn't.
Tom's already smart enough.
You think he needs more brains?
Yeah.
No, he is the chip.
Tom is, yeah.
I'll have the Ellsworth.
There's a menu.
Like, I'll have the Ellsworth.
You know what I used to say at meetings at PHP?
Yeah, home staff meetings.
I said, I don't need coffee.
I am coffee.
Yeah.
So the issue.
I am Viagra.
That's you.
So, no, I wouldn't do it.
But Vinny, you almost made the argument for experimental medicine.
And experimental medicine has been around a long time.
I mean, this is why, you know, Steve McQueen went to Mexico to get early layotroph treatments for cancer way back, like 35, 40 years ago.
So there will be people, I think, I'm not in favor of it electively, but I am in favor of it if there's saying, hey, what if you could help the following people with the following condition?
But that's not what he's talking about.
He's talking about enhancements and convenience.
That's what Musk is talking about.
He's not talking about curing or helping Alzheimer's or something.
Well, the book.
Where you could make an argument about experimental medicine.
Maybe you take the, if you're on your way out of here and you've only got X. If you're a vegetable, yeah, if you're if you're like literally bed, you can't get out of bed, you're just laying there and there's a way.
Because in the book, running the largest, running the most powerful company in 100%.
But because did you read the book, Tom?
The Elon book?
No, you missed the joke.
I said, you're just by yourself, messing around, laying in bed.
I said, running the most powerful country in the world.
Yeah, yeah, exactly.
But that's hilarious.
What are the chances that you're signing up for this experiment?
Definitely.
Are you kidding me?
First of all, let me tell you what I mean, but I'm not.
Okay, so just hear me out for a second when I go through this.
Okay.
So, COVID.
Okay.
What research do you have that it works or doesn't work?
Okay.
No.
You know what?
I'm good with the vaccine.
Now, if this would have gone the second round of COVID, third, fourth, fifth, we have 10 years of research now.
No cancer, no nothing, no this.
And in 2045, something happens, I would entertain the idea because we got 20 years of research, right?
Okay, these Neuralinks or whatever they're doing, no problem.
Go for it, test it out for five years, 10 years.
You know, just wonder some people are like, you know, I'm like, oh, shit, that's funny.
What was that?
The electricity.
And the moment he just falls right.
You see some of those.
I watched this movie the other day, FNAF, because that's what Tico keeps calling it.
Freddy's in whatever Fridays.
What a freaking.
Did you watch it?
Yeah, my 13th.
18-year-old.
What'd you think about it?
Very interesting movie.
Dark movie, bro.
He was watching it on my phone at the game.
That is a dark movie.
But I watched it.
I was like, that's actually very good.
I'm concerned about the movie because I think the movie is a different premise, but that's a whole different story that we can get into a different time.
But yeah, I don't know right now.
I do think it's going to be a big business, and I do think people are going to be surprised how many people would be willing to do it.
They'll actually be like, I'm in.
Imagine how many people are living a dull, boring life, dude.
You're going to put this in my body, and I'm going to be somebody that can think like an XYZ person.
Damn it.
I don't want to go read the books.
I don't want to go get a degree.
Put that shit in 3,000 books.
I'm a natural Chad GBT.
Yeah, it's okay.
It's like the Matrix when they plug you into that thing.
But Pat, people.
I don't recommend it.
But you know, people don't ask the question is, Pat, with all the hacking that's going on, remember that F-35 airplane?
They're saying that the reason that it just kept going and the pilot ejected is that somebody hacked into the autopilot and it kept going.
Who's to say that somebody can't hack into that or they have complete control?
Pat, whatever they put signals in your brain, go kill, go do this, go do that.
Tom, that's scary, sharp.
Tom, as a religious person, the mark of the beast.
I'm saying the mark of the beast.
I don't know if this is what God intended to be a human robot.
No, don't go to your Halloween country guy voice.
I'm not.
I'm just genuinely asking questions.
I thought you were going there.
No, I'm not.
Maybe I'll just making a statement.
I won't even ask the question.
I don't know if this is what God intended.
You can just basically be this.
We can talk about this.
We got other stories together, but there is a lot of moral ethical views that are on this.
I'll just give you one parting shot here.
Remember how freaked out people got about Google Glass?
Like, you can't go into the studio, you can't go into casinos with Google Glass because they thought that you could be watching and counting.
That's supposed to be the next big thing.
Well, everybody was, but it crossed the line of augmented human.
So if I've got the Google Glass there, the casinos did not want me counting cards with the thing in my ear being able to beat the casino.
And so you're about to take some steps here, and it's just a lot of ethical.
You're playing with fire is what I'm saying.
Exactly.
You're playing with fire.
Okay, next story.
Let's go through some issues here going on.
So Iran says the U.S. will be hit hard if no Gaza ceasefire is implemented.
Then, right after they say that, U.S. nuke sub arrives in message to Iran after threat to hit America hard.
That literally happens the next day.
So the first statement is: hey, if you mess with us, Mohamed Reza Ashtiani, the Iran Minister of Defense, emphasized the urgency, stating our advice to the Americans is to immediately halt the war in Gaza and implement a ceasefire.
Otherwise, they will be hit hard.
Now, that's a pretty threat right there.
There's no other way to put it.
That's a threat.
So a U.S. Ohio-class submarine has arrived in the Middle East as a deterrent to regional adversaries in response to Iran's threat of hitting America hard if there's no Gaza ceasefire.
Iran's Minister of Defense, we already read what he said.
The Israeli military welcomed the deployment, seeing it as a stabilizing factor.
In addition, a substantial Western Armada compromising 19 comprising 19 warships, including the world's largest aircraft carrier, the elite guided missile cruiser, has amassed in the eastern Mediterranean.
The U.S. military presence in the region has increased significantly to prevent Iranian involvement.
Meanwhile, Bernie Sanders, you ready for this?
He rejects calls for Israel and Hamas ceasefire.
What?
He told CNN, Dana Bash, I don't know how you can have a ceasefire, a permanent ceasefire with an organization like Hamas, which is dedicated to turmoil and chaos and destroying the state of Israel.
This is Bernie Sanders, folks.
What the Arab countries in the region understand is that Hamas has got to go.
The immediate task right now is to end the bombing, to end the horrific humanitarian disaster, to build, go forward with the entire world for a two-tier, two-state solution to the crisis to give the Palestinian people hope.
But if anyone thinks that Trump is going to be better than Biden on the issue or any other issue for that matter, I think they are sorely mistaken.
So, Bernie still finished off a statement defending Biden.
U.S. plans $320 million of weapons to transfer to Israel as Gaza toll mounts.
I mean, there's a bunch of stories here that's taking place.
Over 10,000 Palestinians killed in Gaza.
Hamas-run health minister says UN calls Gaza a children's graveyard.
So many disturbing stories with this going on here.
Tom, any thoughts on what's going on here?
And do you think peace is around the corner?
This is going to bleed into 2024.
So one message for Iran that came out of this.
So you speak on Monday afternoon, and on Tuesday morning, you know, the sub surfaces.
You know what that means?
The sub doesn't travel at 900 miles an hour.
We were there the whole time.
Yeah.
And we just surfaced to let them know is, you know, we've been here the whole time.
It's kind of like your mom in the kitchen saying, you know, I can hear you.
Yeah, exactly.
When you're talking crap in your brother.
So the sub just surfaced just to kind of let the Iranians know.
Knock, knock.
Yeah, we're here.
I've been at your front door the whole time.
Do you maybe want to shut your mouth?
So number, the first thing is we're seeing disconnects in what you would think Bernie Sanders would be saying on the wild progressive side.
Instead, he sounds almost like Nikki Haley.
If you look at what Bernie was saying, look at what Nikki is saying, saying they're saying the same thing.
A, I don't think there could be a ceasefire.
Not with Hamas there.
Hamas has got to go.
You know, we're defending Israel.
Guess what?
On foreign policy, Nikki Haley and Bernie Sanders for five minutes on a Tuesday agreed.
I think that people need to be aware of that.
And also, it just shows how important it is to check Turkey and to check Iran, because if they make moves and Hezbollah gets involved, I've said that since the beginning.
Other military strategists have said it since the beginning.
That's what you, while Israel is working on this situation with Hamas, and we can talk about techniques another time and civilian life and all that, which is important, very important.
But you just can't have the Syria-Iran-Turkey dominoes fall over.
You can't have that happen.
And we've got this massive armada over there now, letting people know: hey, dude, we were here the whole time and just putting a force up that just says, Do you want to mess with me?
Come on in.
You know, there's a famous phrase that says, Show me your friends, I'll show you your future.
You ever heard that one before?
First time.
And it's all being revealed who Hamas's friends are.
And their big brother, their best friend, is Iran and the Mullahs and the theocrats that run Iran.
The only thing that good that came from Iran is that PBD is here.
Now, I'm not sure what's going on.
I mean, my mom and dad are from there, too.
Well, that's like.
I'm happy to say that.
I'll stand by my statement.
The only good thing from Iran.
I'm happy to say Iran.
You said.
And I love his dad when he's part of this.
So we're up to the five.
That's fine.
That's our family.
That's our people.
But in all seriousness, who's aligned with Hamas?
If you watch any interview by any by Bibi Netanyahu or Benny Gantz or anyone that's running the IDF or anyone that's involved in the U.S. military, the Israeli military, they will always compare Hamas to ISIS, Al-Qaeda, Hezbollah, Islamic Jihad.
Those are their friends, and they're all backed by Iran.
And the backdrop of what's going on in Iran is the Abraham Accords that was occurring under the Trump administration.
And, you know, it's sad that they didn't really fully come to effect.
I think the majority of the Gulf states signed on to it, including UAE, Oman, several other countries.
But the next big domino to fall was going to be Saudi Arabia.
And that was the big thing.
And that was the number one thing Iran was basically fearful of, is that their biggest nemesis, premise.
I mean, how would you describe Saudi in Iran?
Nemesis, foe, in that region, Sunni-Shiite, different countries, different ideologies, was basically going to join the Abraham Accords and align themselves with Israel over Iran.
Iran has this, you know, there's love-hate relationships.
They have this hate-hate relationship with Israel.
Israel has no interest in going to war with Iran.
They have no interest in going to war with any of these countries.
They just don't want to be killed for basically being Jewish.
So there's a famous phrase that they say in that region of the world, from the river to the sea, Palestine will be free.
What does that actually look like?
That's what what's her name said this week, that she got censored, right?
She got censured.
Talib.
Talib?
Yes.
She just got, she was going to be aware.
She tweeted that.
She tweeted that.
Yeah, and then Ilhan Omar was screaming on the house floor.
And then Talib, she was crying.
So, which actually leads me to the next statement here.
You brought up Bernie Sanders.
Even he's on Eastern.
Is this what you were saying?
For people who don't understand what the word free means in there, free means the only.
Right.
From the river to the sea, Palestine will be free.
Palestine will be the only.
And the way you are and only is you eliminate the opposition.
And look, I have such empathy for innocent victims, especially kids.
And anyone, Jewish, not Jewish, that doesn't empathize with dead Palestinian kids, you're heartless.
And I feel bad for these kids.
But the people that are killing those kids quite literally is Hamas.
There was a new story that came out from the IDF that they basically found a Palestinian Boy Scouts troop that within the troop, they were shooting missiles from the troop.
Make no mistake about it.
Hamas is a death cult, much like ISIS, Al-Qaeda, any of these guys.
And they have one mission.
They want to kill as many Jews as possible.
That is their mission.
That is on their charter.
Just take them at their word.
So I think over 50% of the Gazan government is Hamas.
This is who they elected.
It's horrible.
It's sad.
It's what they're going on.
But as far as the ceasefire that Bernie Sanders is calling for, Netanyahu has basically said they still have 200 of our hostages.
But when you're shooting missiles from a Boy Scouts troop, what should the IDF do?
Last part.
Bernie Sanders, there's going to be sort of a reckoning to come in the left-wing progressive of the Democratic caucus because Bernie Sanders is basically the grandfather, the father of the squad.
You know, AOC, Rashida Tlaib, Ilahan Omar, they follow his lead.
They're going to have a reckoning right now because obviously they do not see eye to eye on this.
And I don't know if you guys have been seeing, it's not just Bernie.
Barack came out and said something as well about both sides being kind of at fault.
He said that.
He didn't do that.
He blamed people.
Yeah, but that's Barack Obama.
That's a highly articulate blaming.
Message on the Israel.
Hamas war matters.
He was saying something.
Nobody's hands are clean.
Like I just said, Tom, he was kind of blaming both sides.
But my point is, we've been seeing, guys, for the past couple, you know, past couple weeks, there's been, like, have you seen the protests in London and in Washington?
So here's my question, Adam.
There's millions of people out there all protesting what's happening in the world.
Not all those people are supporting Hamas.
So what are they?
Are they out there because they're caring about the innocence of Palestine?
I think a lot of them are doing that.
Not all of them are pro-Hamas.
But then at the same token, on the flip side, George Soros, a Jewish guy, is one of the ones that's funding all these Hamas, pro-Hamas protests in the United States, which is, it's kind of weird for me.
And then here's a unique situation that I realized too.
All those same people, this is what's hilarious.
All those same leftist people, Pat, that were calling Trump supporters domestic terrorists are the same ones protesting and supporting Hamas and ripping down all the kidnap babies and all that stuff.
Isn't that weird?
The Trump supporters were domestic terrorists, but then now those kids in those colleges are like, yeah, Hamas.
And like, what a weird scenario.
This conflict really exposed the shit out of these fake ass people.
And then another point, what is the death toll, Top?
Do we have any, what's an average right now?
Are they at 10,000 or 11,000?
Well, if you believe Hamas's numbers, that's 10,000.
Well, if you believe Hamas.
No, I'm just saying, whatever.
Give me a number.
What's the number of people dead?
Let's just assume.
What is it?
That's not Gaza death toll top UN.
Okay, that's UN.
So here's my question.
UN called it a choke.
And I've had those numbers.
I've asked.
They're getting the numbers from Hamas.
Okay, let's see.
Here's the question.
How much credibility do you give Hamas?
No, no, you're missing.
I'm playing completely.
Stop.
Any number, pick a number.
5,000 people dead.
How many Hamas?
Where's the Hamas death toll over kids?
And when is that?
That's, I think, that a lot of these people are angry, Adam.
It's where do we say, okay, yes, they shoot from kids and they use kids as, okay, I get that.
But how many is it worth killing?
You've been asking that question on the Last 24 podcast.
I get it.
And I understand what you're asking.
And you're saying you don't know if the credibility is there with the numbers.
Well, there's no credibility with Hamas.
But I'll say this.
Israel has basically, look, this isn't my opinion.
This is not neither opinions.
The IDF, Netanyahu, has basically said, get the fuck out of the big cities of Gaza.
We are coming from Hamas.
We are destroying Hamas.
Head south.
Head towards Egypt.
They set up a refugee camp.
Get the hell out of there.
That's not my opinion.
They are coming for Hamas.
That's not even debatable.
Now, the tactics that they're using, debatable.
Okay?
Whether they should be going in into the tunnels and these 300 miles of tunnels, whether they should be bombing.
That's perfectly legitimate argument.
But for people that are still sitting in the cities and they're like, why are they bombing me?
Get out.
They are coming for the terrorists.
Period.
I mean, it's easier said than done to say, get out and know where to go.
That's the point of nowhere to go.
The argument back to what you're saying is Egypt is also saying no.
You know, if they leave that place, then what?
What are they going to do?
Where are they going to go?
Who's going to take them?
What's a place for them to go to?
Go ahead.
Sorry.
Well, this is the whole premise is that they want this continual war.
I would say that any of the alignment in the radical Islamic terrorist factions want this because they don't want peace with Israel.
They want constant war and they're willing to use Palestinians as dead bodies for fodder.
Because if there's peace between, there's a two-state solution, which they tried to happen under Clinton of the Oslo Accords, then all of a sudden the boogeyman's gone.
So why won't Egypt open up the corridor?
Why won't Jordan open up the corridor?
Why won't they do this?
Okay?
Do you think Israel wants this war?
They need to rid themselves of terrorists.
They use the analogy of the day.
If ISIS was hanging out in Mexico, chopping off dead babies' heads, would we even think twice in America to go get ISIS?
No, but here's my thing.
This is where from a military tactical stance right now.
Okay, they came and they attacked.
Your first order of business right now is secure your shit because that one day it failed horribly.
Like, there's still no excuse and they still haven't answered.
Nobody has, not their intelligence, not our intelligence.
John Kirby's like, that's not a question to ask right now.
Number one is protect Israel.
Boom.
Now, because of all, dude, they've done damage, bro.
They've done damage.
Now you send in special forces.
Go really go get those hostages.
Now it's just not wipe everybody out and good luck find the place to stay.
Now you can be more methodical, more tactical instead of, hey, not get the F out because we're killing everybody.
That's not, now that attitude, Adam, now has to change because you flatten Gaza.
Let's not BS each other.
Have you seen the videos?
It's not good.
And not F Hamas.
I saw Hamas.
They were sniping people that were trying to leave.
Did you see that?
Hamas was shooting women and children that were trying to flee.
Okay, so let's stay there for a second.
Why the hell are they doing that?
What do you mean?
Because they're terrorists, Adam.
Okay, but hold on.
But this is who you're dealing with.
No, I understand.
Israel's saying leave, and Hamas is like, I will kill you.
So they're still trying to.
Those people have no hope.
Those people are even more hopeful.
And that's why I felt such empathy for these people.
So they're getting bombed from one side.
The terrorists that are in control are shooting them.
What F and hope do these people have?
And the majority of them are kids and women.
I agree with you.
What are they going to do?
That's why I have so much empathy.
Fucked.
I'm sorry to say.
Here's the thing.
Here's the thing.
And they always need to have accountability.
Who elected Hamas?
Adam, what other choices do these people have with Gaza?
They have nothing.
They could have elected the PLA.
They have no guns.
They have no choice.
They have nothing.
So my point is now that Israel has shouldered their force, now they know.
Shut down Israel like we should be doing with our shut everything down and go methodically, strategically go after.
Because Adam, you can't just say terrorism.
It's terrorism or we're going to go because you have to go find the actual Hamas.
You can't just go, okay, listen, Hamas is in this bucket of eggs.
So we're going to break every egg to kill that one Hamas.
No, you can't do that, bro.
That's where the moral part.
And that's why millions of people are in the streets going, yo, listen, these people can't protect themselves.
They have nothing.
They have nowhere to go.
So if you just have a blanket statement of terrorism, it's not fair.
You know what's crazy?
When you think about, when you think about Obama, this article, if you pull up this article, Rob, by ABC, type in the title, Nobody's Hands Are Clean, Obama Breaks with Biden.
Type in Obama Breaks with Biden.
Okay.
So check this out.
Here's that one right there.
Okay, zoom in a little bit so we can read it more.
So the title at the top is what?
Nobody's hands are clean.
Obama breaks with Biden on how to support Israel.
Go all the way down.
Well, you'll see a part where, you know, a little bit lower.
There are people right now who are down who have nothing to do with Hamas.
Obama said, da-da-da-da-da.
While Obama didn't take a direct swipe at Biden, his comments appear to go against the Biden administration.
Staunch administration, staunch support for Israel.
Biden has offered full-throated support for Israel and ally as its war with Hamas rages on in the Middle East.
So by the way, these guys are not on the same page together.
Not at all.
Obama and Biden are not on the same page.
Obama is undermining the existing president.
Something rarely happens that a Republican does to Republican.
Like, this is exactly why people respect at least Bush, because guess what Bush did when he was president, never took a swipe at Obama, even though Obama every day blamed, I've inherited this administration.
Now Obama's doing it to his own VP because he needs the attention.
So why is he doing this?
This is very, very, very bad politically because he's going to need Obama to come campaign for him.
And this is definitely not the way of campaigning.
You know what this tells me if I'm a campaign strategist?
This tells me Obama's already talking to other people to figure out a way to replace him.
It could be Kamala, could be Newsom, but it's not looking like Biden's going to be there next year.
Anyway, let's go to the next story instead of continuing queue.
Just for the people that are listening, Rob, I'm not sure if I want to do the Tuesday name that you have, but we'll talk about that, you and I, afterwards.
But I'm excited about Thursday because when you find out who we have next Thursday, next Thursday is going to be very, very interesting.
That's all I'll tell you until you find out who the guests are.
Okay.
Tonight, GOP debate.
Five candidates qualify for the Miami GOP debate with Doug Bergam missing out.
And he actually had good policies, but he will not be there tonight.
These are the five names that will be there tonight that you're looking at.
Obviously, Governor DeSantis.
You have Nikki Haley, Chris Christie.
I think Tim Scott made it.
And Vivek is going to be there as well.
So it's going to be five of them.
More talk time for them, which is great.
They met the criterias, including the donor polling requirements, as well as signing the pledges to support the Republican Party's eventual nominee, former President Trump, who skipped the first two debates, easily met the donor and polling requirements, but refused to sign the party pledges required for qualification.
He has scheduled a campaign rally for the same night.
He's actually in Miami right now.
President Trump is.
There's a few other things going on with this as well.
Ken Griffin, GOP donor, multi-billion.
I don't know what his net worth is, but I'm going to say something between $20 to $40 billion.
He originally said he was going to commit to $100 million or so, I think, to DeSantis.
Recently, he came out saying good things about Nikki Haley.
Days before the debate, GOP donor Ken Griffin praised Nikki Haley.
This is Citadel CEO, a prominent Republican donor, expressed support, strong support for Nikki Haley's foreign policy just days before the third Republican presidential debate in Miami.
Griffin praised Haley, saying she has the foreign policy experience that we need right now.
There's a lot of strength from her.
Griffin's engagement of Haley is seen as a potential setback for Florida's governor Ron DeSantis, who is facing competition from Haley.
I think they're at the same number right now, by the way, between the two of them.
Yes, I think they're at the same number, 16%, 16%.
Although DeSantis just got an endorsement from the governor of Iowa, which was a big deal.
But yeah, that's what we got going on here right now.
Go ahead, Tom.
Yeah, on the numbers, just to back up what you're saying.
In New Hampshire, Haley's 19%, DeSantis is 10.
She almost has him two to one.
But a Trafalgar poll that just came out, Haley's picked up three points in Iowa, and now it's 18 for DeSantis and 15 for Haley.
And NBC on the heels of that took its own poll and said it's 16-16.
So the war has been good for Nikki Haley because the underpolling with her, a lot of people see her as strong on foreign policy.
And so this is helping her.
And also, DeSantis hasn't been with any new real message.
He's been very defensive for the last two, three weeks.
Adam.
So do we want to go through predictions here?
What we think is going to happen tonight?
Because it's going to be the next few hours.
So if you want to pull it up.
So you guys go first.
I'll go last.
Go ahead, Adam.
Sure.
Well, I think if you look at the polls, Governor Ron DeSantis certainly has a leg up on what's going on out there.
You're so funny.
You're so funny.
By the way, do you actually think, before we go to this, do you actually think any of the moderators are going to bring up Bootgate in the debate?
I think they will.
I think they're going to bring something.
You think it's going to be the moderator or you think it's going to be an opponent?
I think someone's going to bring it up.
It's probably more likely to be an opponent.
But I think you'd be completely blind and immune to the fact that it's been circulating the internet ever since he did that one interview.
I remember on that one podcast with that one big guy.
At least the guy tried to give him a more than $1,200.
But it's not like you like DeSantis.
It was a great interview.
I'm a fan.
I'm here because of that.
Exactly.
Absolutely.
But look, for me, the whole thing with him was: here's an opportunity for self-deprecation.
Laugh at yourself.
Stop walking on eggshells, feeling like you have to be perfect because America doesn't relate to perfect candidates.
You're too perfect.
Show some imperfections.
Show you're a human being.
Show like you're the rest of us.
And I feel if you read the comments of the podcast we did with him last week, 98% of comments says, I like this because we ask about what kind of music do you like?
What is this?
What is that?
But I think it was a miss on the bootgate issue.
It is what it is.
Go ahead.
You were saying.
Well, look, I like DeSantis.
He was here.
We've met him a few times.
Clearly, the boots are giving him a couple inches.
You want us to pick the winners of the debate?
Who do you think is going to be the winner?
And the loser.
I'll just say that after tonight, Tim Scott and Chris Christie will both jump out of the race.
They're done.
They have no chance.
Keep it moving.
I think Chris Christie, this will be his final hurrah tonight as far as his political career goes.
He's not the president.
The fact that, look, we're talking about whether Ron DeSantis is 5'10 or 6' foot who gives a shit.
Meanwhile, Chris Christie is still somehow 380 pounds.
Come on.
So are you going to put the names as we go?
As far as the losers go, Tim Scott, Chris Christie, I think Chris Christie will basically go all in on just basically trying to torpedo the Trump campaign.
It won't happen.
He'll land some jokes.
Won't happen.
You know, my guy, Vivek, is going to show up.
He's a fucking beast.
I think he's going to be the winner of the debate.
Nikki Haley is solid.
I think she's a potential VP nominee if her and Trump can work something out.
And DeSantis, you know, God bless you.
Great governor.
I just don't think you're ready to be president right now.
So I got Vivek as the winner.
I got Tim Scott.
Even Chris Christie is the loser.
And Bootgate will happen.
What's the other thing?
Who's anti-Israel involvement?
What's that question?
Who's anti-Israel?
Yeah, so which of the candidates is going to come out and be anti-U.S. involvement in Israel?
And which of the candidates will come out and be anti-more funding towards Ukraine?
Yeah, Vivek will take a bit of time.
Go ahead, be involved.
So the winner, I think it's going to be DeSantis.
Look how, Adam, this is how you do it.
Fast and Fury.
I think he's going to come out because Pat, he's used to it.
This is the third time he's going to be on stage.
The third time they're always going to be on stage.
I'm going to say him, they've been in front of big crowds.
He's been used to just little rooms.
That's why I think he kills in small areas, not like that.
The loser, Tim Scott.
Who brings up Bootgate first?
Chris Christie.
Who's anti-Israel involvement?
Nobody's going to say anti-Israel, but I think Vivek will say that everybody needs to kind of chill out.
Nobody will ever say that.
He's saying he's an isolationist?
Yeah, I think so.
Who's anti-Ukraine?
Vivek, 1,000%.
He'll put an X on the Ukraine flag.
And who takes the most shots at Trump?
Chris Christie.
Yeah.
He'll take shots, talks of whipped cream.
He'll just eat on stage.
Some similarities here with my loud friend.
Tom, you know what?
I resent that because I love you.
And I don't say nothing about your charts touching my freaking leg all the time, but whatever.
Go ahead, Tom.
Tom almost gotta a five with T.O. Terrell.
Oh, Terry.
Go ahead, Tom.
Terrell.
No, I meant that nice.
You're very animated.
I have energy, Tom.
Before I die, I want to let her.
I'm very amped up today.
Give it to us, Tom.
Enough foreplay, guys.
Let's go.
So, winner, I think.
Holy shit.
It's going to be Haley.
I think a combination of war and kind of U.S. sovereignty is going to play to her strength tonight.
I think the loser will be Scott because there's nothing to see here.
I think who brings up Bootgate first?
I agree.
I think it's going to be one of the candidates.
I think it'll be Haley subtly or Christie very boldly.
Who's anti-Israel?
I don't think any of our anti-Israel, anti-Ukraine.
Vivek's going to say, what are we doing here?
Who takes some shots at Trump?
Chris Christie all day long because DeSantis is going to run for it.
And I've got two predictions that we're going to see.
I believe Christie and Haley are going to gang up on Vivek in a very big way on the experience thing.
I think DeSantis is going to try desperately to look informed on foreign policy.
And everything else is covered up here.
But I look for some fireworks with Christie and Haley going after Vivek.
Yeah, and I'm pretty much there as well.
Here's what I think is going to be happening today.
I think one, Vivek came in strong on the first debate, okay?
And he realized he became enemy to state number one.
Everybody targeted him.
Everybody went after him.
So on the second debate, he came out and he said, what?
Well, look, you know, I'd like to find a way to unite.
And they're like, no, bro, you went from calling us out to now trying to be a friend.
We're not going to play that.
You said we were all bottom paid for.
That's right.
We were all bottom paid for.
So you know what Vivek is sitting down thinking right now?
Look, man, I'm just going to go back to my strategy of playing offense.
I'm anti-establishment.
The rest of you guys are establishment in his eyes.
And to be honest with you, that makes sense for him to be the only anti-establishment guy.
So even though I think he will be the winner, I think the media is going to say Nikki Haley's the winner.
That's what I think.
Loser, put everybody else in the camp.
You know, Tim Scott.
And Tim Scott to me is just not a high-energy guy.
I like him.
I think he could have a job, but he's not a one.
To me, he's like somebody on the team, but not a one.
He's somebody you want to be when you're starting five, when you're going somewhere.
I think he's not going to do well.
I think Christie's going to be entertaining as usual.
I think depending on what questions come up and how DeSantis handles himself, I think he could end up being a loser.
Okay.
If he goes in doubling down on the foot fetish jokes that didn't land and talking about stuff like that, it's just not going to work.
You're going to be better off taking a different angle.
And by the way, cameras are going to be on him non-stop of him walking, and everyone in that audience will be recording him with their phones.
Everybody.
You're going to see Insta stories galore on the way he walks.
And I'm just curious to know what he's going to be worrying.
So we'll see what he's going to do with that set.
Who's going to bring up Bootgate?
I think Bootgate's going to come up by Nikki Haley.
I don't think it's going to be Christie.
I think Christie is a person that seems a little too close to DeSantis.
And I don't see why they wouldn't be.
They share a common enemy.
They both can't stand one guy, which they're unified.
Christie and DeSantis is an ideal unified team.
Who's anti-Israel?
I don't think anyone's going to be anti-Israel.
I think the only person that's capable of maybe kind of calling out a little bit of the BBS could be Vivek to say Netanyahu, all this other stuff.
But I think the rest of them are going to play the card right.
Who's anti-Ukraine funding?
There's only one guy that'll make comments on that.
That's going to be Vivek.
Everybody else is going to be, you know, Tim Scott.
Well, it's a loan.
It's not really this.
And it's really that.
He's going to pay the money back.
It's not really just money we're giving him and all this other stuff.
And last but not least, who's going to take most shots at Trump?
When DeSantis was here, I don't think once he said the word Trump, he said him, him.
It wasn't Trump.
He didn't drop the word Trump.
So he won't do it because he needs the MAGA vote.
Vivek will not do it.
Christie will do it because he's not winning anyway.
So to him, it's like, I don't give a shit if I take shots.
I don't think Tim Scott is part of his character to do it.
I'll be interested to see if Haley will do it.
So Christie's going to be the one that's going to be taking the shots.
Yes.
This is a time, and I went and looked this up, and it's called inheritance time.
When you go from 12 to 10 candidates, there's not a lot of inheritance of support.
But when you go down to the final four, there's an inheritance of political support.
And Scott is worth three points in Iowa and three points in New Hampshire.
Christie's worth four points in New Hampshire and maybe two points in Iowa.
Pat, you have a good read on these kinds of things.
Who do you think inherits that?
Because it's so close.
DeSantis is going to get Christie.
DeSantis should get Christie.
Okay.
And Tim Scott.
Tim and Nikki Haley got into it, didn't they?
Yeah.
I think Tim's going to get behind Chris, what do you call it, DeSantis as well.
Okay.
And guess who goes behind Vivek?
Nobody.
Yep, he's behind him.
Nobody.
The hardest job is Vivek.
Look, this week, Nikki Haley reached out.
Tim Scott reached out.
Chris Christie reached out about wanting to be on the podcast.
They all reached out before DeSantis that was on.
Okay.
And then all of a sudden, they all got busy.
There's nothing they're going to get on in South Florida that's going to get him more eyeballs than being on this podcast.
Let's face it.
I mean, we're going to get him demos eyeballs.
I respect DeSantis having the brass to come here and finally doing it.
He kept his word.
I respect it.
And it was the first live podcast he ever did.
They didn't do a pre-record.
They didn't say these topics are off.
You got to salute the fact that he's doing that.
Haley's not doing that.
Tim Scott's not doing that.
Christie's not doing that.
Vivek is doing that with his eyes closed all day long.
You know what you got to do?
I respect Vivek, who's got the brass to go talk to anybody, any place.
He's the type of guy that you say, I'm going to whoop your ass.
And you know what he say?
Tell me the place.
Let's go.
That's him.
He's the guy that you don't say, I'm going to whoop your ass.
He's going to say, really?
Where?
Name, Nick, time and place.
I'm coming.
That's how he is, right?
I'm on my way.
And America is attracted to that.
All the other candidates, they're not like that.
That includes Christie.
And I would say they're still doing the old school way of campaigning.
I've been on Fox a couple of times this last week, and I get on for three or four minutes and you give that answer and you're a boom.
What did you really pick up from what I had to say anyways?
Nothing.
I want to have a one-hour conversation with a person, two-hour conversation with the person to see where you're at.
What are you thinking about?
Who are you?
Anyways, we'll see what's going to happen.
Gang, tomorrow, this is what we got going on.
Tomorrow, I got two podcasts I'll be doing.
One in the morning that's not going to be live.
The one in the morning will be a special podcast we're doing with three folks, two that detransitioned and one whose kid almost went through the trial.
And one went from a male to female to man to girl to man.
The other one went from girl.
Am I saying it correctly?
You know, from man to woman to man.
The other one is woman to man to woman.
Detransition back, both of them.
Correct.
We'll find out why.
And then tomorrow afternoon, we will do another home team podcast to discuss exactly what happened at the debate tonight.
