All-In with Chamath, Jason, Sacks & Friedberg - In conversation with President Trump

Episode Date: June 20, 2024

(0:00) Bestie intros: Big house talk! (1:37) Economy: Regulation, taxes, tariffs, taming inflation, de-dollarization (12:02) Federal debt: growth, spend control, where to cut, role of energy, nuclear (20:22) Foreign policy: Ukraine/Russia (25:05) Foreign policy: Israel/Palestine (28:13) Abortion: Stance on a national ban (31:09) Foreign policy: China (32:33) COVID: Origins, Fauci relationship, deep state, bad deals (39:39) Border: Wall, immigration, H-1Bs, recruiting global talent (46:07) JFK Files: Full release, importance of transparency (48:06) Debate prediction (50:15) Post-interview debrief Follow the besties: https://twitter.com/chamath https://twitter.com/Jason https://twitter.com/DavidSacks https://twitter.com/friedberg Follow on X: https://twitter.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@all_in_tok Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://x.com/tyler/status/1803872859938549920 https://x.com/cameron/status/1803876953860247831 https://x.com/LHSummers/status/1802097688269181436 https://x.com/davidsacks/status/179888324567070746

Here we go. Hello, Mr. President. Hey, Tim, I love that house he has. I love David's house. That made the biggest impression. Thank you, sir. I heard you have a pretty nice house too. Yeah, I have. We're in a nice house. We like houses. It's only worth 18 million, right?

Well, I know the judge said 18 million people said Palm Beach has gone down a long way. Hello, everybody. ["I'm Going All In"] We'll let your winners ride. Rain Man, David Sack. And instead, we open source it to the fans and they've just gone crazy with it. Lobby West, I mean.

Queen of Ken Wands. I'm going all in. Thanks so much for sitting down with us, Mr. President. The All In Pod's basically the four of us having conversations. It's kind of a spectrum of different views. We got sort of like a little bit of some Fox News and then some MSDNC at the same time.

Oh, that's okay. So. Keeps it interesting. Yeah, absolutely. Anyway, Chamath and I, we had a great time at the fundraiser that we did a couple weeks ago. I think it turned out great. And I heard the Winklevoss brothers are actually announcing that they're donating a million dollars each in Bitcoin to you tomorrow.

So I think that's a great result to come out of it as well. Yeah, got to meet them for the first time at your house and terrific, terrific. They did well. They might have started the whole thing. I don't know. I don't know. I don't know if that court case was proper, but they were very nice, both of them. Absolutely.

Really nice guys. You know, and I think maybe this is a good place to start in our conversation is, you know, one of the things I think we heard a lot at that dinner was just the difficulty that people in business were having under this Biden administration. You got the crypto guys who just want a framework. They just want the government to tell them how to operate and they can't get that. You got no M&A happening right now in tech. The real estate guys, they can't get loans because the interest rates are through the

roof and there's a credit crunch So I think one of the common themes we just heard across that dinner was that it was just so hard to do business Right now and I guess maybe a good place to start would just be you know What's the number one thing or maybe the top three things that you would do to kind of get things moving again? You know if you're reelected. So I'd say regulation, regulation and taxes. OK, you know, I gave the biggest tax cut in the history of our country and a lot to business. It took them down from look, as you know, they were paying people, companies were paying 40%, 45%, including state and city taxes

in many cases. And we got it down to 21%. We'd like to get it down lower, actually, but we got it down. And the revenues were better than ever, even with the lower rate. We had record revenues, which tells you a little bit about that. But also the regulations. And when I asked a lot of people, a lot of big people, a lot of corporate types, big corporate types, I said, if you had your choice between just the taxes or just the regulations, where did I do better?

He said the regulations. I was the biggest cutter of regular. In four years, I cut more regulations than anybody by far, not even close. And when I spoke to different people about the regulation versus the taxes, I don't think I've ever had anybody say- and the taxes were a massive cut, you know, from 37%, 38%, if you look at it just there, to 21%. I don't think I ever had anybody say that the taxes were more important than the regulation cuts.

I made it possible to build. I made it possible to do things, to invest. I was able to get companies with a lot of money outside of the USA to bring that money back in. We cut the rate, and it was crazy. The rate was like 55%. So that means if they bring the money back, they lose half their money before they even start. But it was also impossible from a standpoint, a structural standpoint, a legal standpoint.

It was very hard and they were able to bring back, I mean, Apple's an example. They brought hundreds of billions of dollars back from other countries into the United States and invested it here. But it's very interesting because I asked the question all the time, which was more important? And almost everybody said I did an even better job. And I got the biggest tax cuts,

the biggest tax cuts, bigger than the Reagan tax cuts, but they found regulations and the regulation cuts were even more effective. And that's where we had the great economy. And that's where we had the most jobs ever produced. So there's this odd thing that happens in certain states where taxes keep going up. And then you start to see the states break, right? Productivity breaks, crime goes up, and quality of life goes down. But then people don't understand that taxation and all of those things are correlated. Do you have an idea of why that is? Like, why don't people understand universally that lower taxation is better for productivity? Well, they don't understand it. And it's such an interesting question,

because you look at some of these places, like Chicago and New York and LA and so many more. I'd hate to even mention the three, because there are worse examples than that. You look at what's happened in Oakland, and you look at what's happened into some cities that are disappearing. I mean, they're literally just crime waves.

Nobody lives there except for criminals, because you can't live there. You can't survive there. Physically, you can't survive there. And when you look at the kind of crime that we're talking about, and then they take the power away from the police, the police can't do anything. If they do anything to stop it, they end up losing their pension, their house, their family. They end up losing everything. They get put in jail.

And we're not talking about the rogue cops who do something really bad and should be taken care of badly, you know, be nasty. You got to be nasty to them also. But mostly, I mean, these people, they want to really, like 99 percent, they want to stop crime, they hate to see it. They're not allowed to even, they're told not to do anything. When you see a department store that was so proud, they opened up a new store in a certain city and all of a sudden, over the last couple of years, this happened, this phenomena where

500 usually young people walk into the store and take everything. They have masks on. They walk out with television sets, air conditioners. They walk out with everything. This is a new phenomena that's taken place and it's incredible. They walk out with television sets, air conditioners. They walk out with everything. This is a new phenomenon that's taking place, and it's incredible. Look at drug stores. Look at what's going on.

Like in New York, you walk into a chain. I've seen it twice. I don't walk into too many drug stores, but I used to love it. I used to love to walk around and just look at what it is, whether it's a drug store or department store. But they told me just a little while ago, I had a meeting with some people and they say, you walk into a drug store in New York and everything's covered up with bars and glass and if you want just a little thing of aspirin or if you want to buy a toothbrush,

you have to wait a half an hour to get a clerk and they open up this vault and they give you a toothbrush or they give you... How do you do business like that? This is a phenomenon, there's never been anything like this. They didn't used to have theft of even the most minor items. They had very little theft, relatively speaking. They didn't have theft, but they had the police would arrest them

if they did something. Today they don't, they have limits sometimes. If you steal less than $2,000, you don't get arrested. So nobody steals more than $2,000, you don't get arrested. So nobody steals more than $2,000. It's incredible when you see what's happened to the quality of life in our country. And it's happened so quickly. It's taken place so rapidly. Nobody's ever seen anything. But you look at retail, and I know the big deal. It used to be a big deal when a department store moved into a city or a certain store opened up even in

a town. But it's usually the Democrat run big cities where this problem is taking place. And I don't say that as a Republican. I just say you look at the 25 cities, the top problems, they're just about all Democrat, the Democrat run. And they're also high tax, high regulation states. Yeah, no cash bail, all of these different things that have taken place. They're phenomena.

It's a phenomena. What's going on? Nobody's ever seen anything like it. And it has to be stopped. It's a horrible quality of life. And on top of that, you can't walk to a store, you end up getting shot or mugged or something. The level of crime in the cities, in these big cities is out of control. Nobody has ever seen anything like it. Mr. President, can I just ask on your point about the tax cuts? Larry Summers made a comment

the other day and I thought maybe you could respond to his tweet that the tax cuts coupled with the tariffs that you've proposed would cause a massive, I think he called it the mother of all stagflation, where you would have kind of inflation because of the tariffs, you would have economic decline, because more money would start to fund an increase in prices with tax coming down, tax cuts being put in place. Can you maybe just comment on the comment made by Larry Summers and how we implement tax cuts without inflation? Well, let me say that I respect Larry Summers, and how we implement tax cuts without inflation.

Well, let me say that I respect Larry Summers a lot. He's been right about a lot of things, and Obama and Biden have been wrong. Certain things that he said turned out to be true, certain things. And he really, I do have a good respect for him. He's a different kind of a guy, and he speaks his mind. I happen to be a big believer in tariffs, because I think tariffs give you two things. They give you economic gain, but they also give you political gain. If a country is out of control on something having nothing to do with economics or having nothing to do with money coming in or money going out, but other things that are very political, because there are a lot of other things involved in countries.

You have tremendous power over a country. Now, not everybody can say that, but we can, because we're the big piggy bank. But our piggy bank is going to get smaller and smaller all the time, because we're losing power. We're losing a lot of countries on the dollar. I mean, they're going like flies. If we ever lose that, that's the equivalent of losing a war. That would be unbelievable.

That would really make us third world. We have lost so many countries. I looked the other day. So Russia's gone. You take a look. Ukraine doesn't sort of exist in a sense. Nobody knows what's going on there. But when you look at China is essentially gone.

They're trying to get out of it. They're a primary competitor. Iran is not there. The other day, I read Saudi Arabia is willing to now go in various different currencies instead of the dollar. This is a tragedy. This is a big thing that's happening against our country, and we cannot let that happen. With tariffs, it gives you a tremendous power as an example not to let that happen. You tariffs, it gives you a tremendous power, as an example, not to let that happen.

You say, you want to do that? We're going to put tariffs on your product coming into the United States. But more importantly, and that's of big importance, but probably of more importance is they tax us, we tax them, reciprocal trade. I think we should have a reciprocal trade act. If China's going to charge us $100 tariff or 100% tariff on a car, then we should say you got to pay 100% to us. You know, I put on a large tariff on China cars coming in, and it had a huge impact,

a huge positive impact. And Biden only is doing the electric cars. I don't know why that is, because the electric cars, they're going to end up all being made in China, by the way. They're not going to be made here. The United Auto Workers are going to take a blow like no unions have. Between that and people coming in, pouring into our country, unions are getting absolutely decimated. Absolutely. President Trump. But the reciprocal act is, I think, a very important thing when these countries, and I don't mean just China. we have other countries.

You could take the European Union. They don't want our farm product and they don't want our cars and they don't want anything. We have a massive deficit right there. But you could go with many countries and they essentially do things to us and we should do things to them. Basically it should be reciprocal. One of the things we've talked about, President Trump, on this podcast a lot is the deficit. Under your administration, we added close to 8 trillion. Under Biden, it's going to be

paradoxically about the same number seems incredibly unpopular in Washington to cut costs. But that's something we're going to need to do. What's your plan? And it looks like you're going to win a second term here. What's your plan in your second term to control spending? Can you get it under control? Is there the will in Washington to allow you to do that? Well, the biggest thing I think is growth because we can grow our way out. As an example, we have more liquid gold under our feet. I use the term. We have more oil. We have more

wells. We have more everything than anybody else. When I started, we were number three. Now we're number one. We were number one. He's going to keep it that way until after the election. If they ever won the election, there's no more oil coming out. There's no more oil. They were going down. Oil is what caused the inflation.

You'd have nothing coming out. It would be a disaster. So they were intelligent enough to let the oil wells continue to go. They're not happy about it. But if this election were won by them, I can tell you right now, you would be- we would see oil go through the roof because they would really close it up. Already they're taken out of the strategic reserves just for politics because they want to try and keep the prices down as low as possible.

But the big thing, we have tremendous growth potential, and we have tremendous numbers of dollars that can be saved through efficiency. The way we're spending money, hundreds of billions of dollars, what Biden did with the trillions of dollars that he borrowed for COVID. Now, I had a different situation. We were getting ready to start paying off debt. We were getting ready to start paying off debt.

We were getting ready to make a lot. We had the greatest economy in history. I had to throw a lot of money at COVID in order that we didn't end up in a 1929-type depression, which we could still end up in now because of what they've done. But I threw a lot of money in, and we ended up not in a depression. And then we ended up with a very strong— you know, I ended up with a higher stock market than it was just previous to COVID coming in, which was pretty much of a miracle, according to most. But we had to throw money out there in order to keep our country going.

We would have ended up, if I didn't do that, we would have ended up in a depression. The problem is, when Biden came in, he took trillions and trillions of dollars for COVID. He didn't use it for COVID, he used it for other things, but he took trillions of dollars out. And that caused a lot of the inflation, energy costs, his energy policies caused inflation, and his spending, the unbelievable spending that they did, caused inflation, tremendous inflation, and it's going to have an impact for a long time to come. Can you talk about your impoundment authority intention? You mentioned that in the past that you could go in and reduce the bureaucracy and the spend.

I always tell people my position going into the election is less that I'm interested in knowing what the government's going to do for me, and I'm more interested in knowing what the government's going to stop doing that doesn't do any good for anyone. And there seems to be a lot of that. And I'm really curious to hear, sir, how you think about using the impoundment authority vested in you as president of the United States to reduce some of the bureaucracy, wasteful spending and create accountability. And what's the, you know, is there a team that you've built around you to help build

a specific plan on backing out of some of these issues? Right. We have a lot of money floating around that should be brought back into the government, should be given back to DC, to Washington. As you know, there was a lot of money given out over the last couple of years, especially over the last, my money was given out to help us with COVID. Then they took money and they have no idea what they're even doing with it. That money can be given back and it should be given back and things can be done with that money that are positive.

But we have, there are many, many things. I'll give you an example, education. We spend more on education per pupil than any other country. We spend numbers that are, and yet we're terrible at it. We're down at the bottom of the list and yet we're at the top of the list. I would give, I am going at the bottom of the list, and yet we're at the top of the list. I am going to very early in the administration.

We're going to send education back to the states. We're going to give them approximately half the number of dollars, and they're going to have so much money like they've never had before because they can spend a fraction of what we're spending right now and have much better school systems. As an example, you go to, you could name many, you go to Nebraska, you go to Iowa, you go to many states, we'll do a far better job than we're doing right now,

and they'll do it for a fraction of the cost. We'll save a tremendous amount of money and have better. Some states, I don't believe will do a very good job, but they're going to have to learn to. But we have, I would say most of our states will do a much better job. I think all of them will do better than, you can't do worse than what we're doing right now, but all of them will do better.

But some will be absolutely education, a factory in a positive sense, factories. We are going to close up education. We'll have a tiny little group to make sure everyone's teaching at least English and perhaps proper math, et cetera, et cetera, but very little. Department of Education goes and education goes back to the states and where it belongs. I mean, where it absolutely belongs. And you're going to save a lot of money. You can look at interior with that. You can look at environmental with a lot of that, where the environment can be controlled by the states instead of this big bureaucracy in Washington, DC. I mean, what do you do when China's burning all the coal and they're sending the ashes

over the United States? Because that's what happens. It takes three and a half days and it blows over the United States. In the meantime, we're keeping things good. We produce clean coal. We're going to produce clean energy. But we have to get back to energy. We're spending trillions of dollars on artificial weak energy

that's not going to fire up our plants. Our plants have to be fired up. We have a phenomena coming up right now, and I was talking about it the other day to David, and that's AI, little things, simple, two little simple letters, but it's big. And I realized the other day, more than anything, when we were at David's house and talking to a lot of geniuses

from Silicon Valley and other places, they need electricity at levels that nobody's ever experienced before to have to be successful, to be a leader in AI. The amount of electricity that is like double what we have right now and even triple what we have right now, they are, it's incredible how much they need to be the leader. And we're going to have to be able to do that. And a windmill turning with its blade,

knocking out the birds and everything else, is not gonna be able to make us competitive. You'll have China- What about nuclear, Mr. President? Yeah, so let me just give you a statistic on this. Nuclear is okay. China's building 150 nuclear reactors, and they're only spending about $2,500 a kilowatt.

In the U.S., we're not building any, and our cost to build them is about 10,,500 a kilowatt. In the US, we're not building any, and our cost to build them is about $10,000 a kilowatt. And China is about to build as much capacity as 20% of the total US production in nuclear. We clearly have a problem here in nuclear. We do, and nuclear is okay with me. And what we're doing is, you know, if you look at Alabama, you look at a couple of states where they built these plants and they had cost overruns that are, nobody's ever seen anything like it, where they're costing $25 billion to build a plant.

There were a couple of them built in the South. I won't mention the places, but you know the places. And they came out at numbers that I think the most expensive things ever built in our country. And the inspectors would go in, they say, those walls aren't thick enough, knock them down and build another wall. And you know, the environmental people were brutal. In France and in other places where they do have a lot

of nuclear, they build small plants all the same. And if they need double the amount, they'll build two of them, as opposed to the nonsense that we've done where we build these massive plants and they never get built and they have cost overruns of three, four, 500%. Nobody's ever seen anything like it. plants and they never get built and they have cost overruns of 3, 4, 500 percent. Nobody's ever seen anything like it. No, I'm okay with nuclear, but you have to do it in a way that makes sense and they they have nuclear

applications today that can be built and can be built reasonably inexpensively. But nuclear certainly is very strong power. Can I shift the conversation to foreign policy just for a minute? just to make sure we get time to talk about foreign policy? Is that okay with you guys? Yes. Mr. President, I really appreciate your comments saying that you want to bring a peace deal to the war in Ukraine so that people stop dying.

And I wholeheartedly agree with that sentiment. But I've seen that Emmanuel Macron, the President of France, is talking about actually putting NATO troops or French troops in Ukraine as potentially a next step, and that could be a tripwire for more NATO troops coming in. Can you guarantee that no matter what, you're not going to put American boots on the ground in Ukraine? Is that something you can say definitively now?

I would guarantee it. I wouldn't know. It's different for France. You know, they're neighbors, more or less. We have an ocean in between. It's different for Germany, although Germany is much less involved than they should be, and other countries. But we have a big ocean in between.

One of the things I think is so unfair, David, I think it's terrible, is that we're giving probably we're at least $100 billion more than Europe, meaning Europe as a whole, put together. And the economies are similar size, believe it or not. That put together and us is about a very similar economy size. But it's much more important for them. It's important for everyone. You have to have, look, this would have never happened if I were president. It would have never, Putin would have never done it.

And it happened for two reasons It also happened because oil went through the roof and he had he had all this money to prosecute the war But the oil was at a much lower level the price of oil He wouldn't have been able to afford the war all of a sudden when it hit almost a hundred dollars a barrel He said, you know I mean he's one of the few to make money during a war because the oil has gone, and it stayed very high. It's extremely high right now, and it's going up. Oil prices all over the country are going up, as you probably have noticed.

But I will tell you, that would have never happened. Ukraine would have never happened. The Israeli attack would have never happened. And inflation would have never happened. Those are three big things. Inflation would have never happened. Those are three big things. Inflation would have never happened. But with Ukraine, and now it's very much, look, Ukraine is now, I read the other day where they don't have the soldiers,

they don't have the manpower, they want to use children, they want to use old people, very old people, people that are not really perhaps equipped to fight. They're not doing well. Yeah, the average age of their soldier is like 43 now. So they're running out of, they're literally running out of people. To make a peace deal there, would you be willing to take NATO expansion off the table if that's what it took to get the Russians and the Ukrainians to make a deal?

Would you be willing to do that? So for 20 years, I heard that NATO, if Ukraine goes into NATO, it's a real problem for Russia. I've heard that for a long time. And I think that's really why this war started. I'm not sure that this war would have started. Biden was saying all of the wrong things. And one of the wrong things, he was saying, no, Ukraine will go into NATO. That's one of the many things he said.

When I listened to him speak, I said, this guy is going to start a war. Because as you know, for four years, there was never even talk of Russia going into Ukraine. That would have never happened. Russia was not going to attack Ukraine. As soon as I got out, they started to form along the lines. And I thought that Putin may be, well, he's a good negotiator. I thought he was going to be doing that for negotiation purposes. Then all of a sudden they attacked.

And I said, what's going on here? But if you look at the rhetoric from Biden, he was saying the opposite of what, in my opinion, you had to say, the things he was saying, and he's still saying it. He's saying things that are so crazy. Inflammatory. Yeah. I 100% agree. And you know, it turns out that the month before the Russians invaded Blinken told Lavrov that the administration was not only gonna bring Ukraine into NATO But that they thought it was okay for the United States to put nuclear weapons in Ukraine So no wonder the Russians hit the roof. I mean you talk about Provocation well, let's say you were running Russia. You wouldn't be too happy. And that's always been off the table. You know, it's a border.

And it's always been, you know, I don't think that they would have, if they thought that that was going to remain sort of a territory where you don't have NATO, but they don't want to have soldiers right on their border. They don't want to have it. It's always been understood. And that's even before Putin. It's always been understood that that was a no-no. And now you can go against their wishes, and it doesn't mean they're right when they say

that. But that was very provocative. And now it's even more provocative. And they're talking about—I hear routinely they're now talking about Ukraine entering NATO. And now I hear France wants to go in and fight. Well, I wish them a lot of luck. I think good luck.

Sir, can I ask you about Israel-Palestine? And now I hear France wants to go in and fight. Well, I wish him a lot of luck. I think good luck. Sir, can I ask you about Israel-Palestine? So after October 7th, what's the right path to just resolve this once and for all and just move forward? Again, it's so sad to me because it would have never happened. Iran was broke. They had no money. I sanctioned countries that wanted to buy oil from Iran, and I would have made a fair deal

with Iran. I was going to get along with Iran. I was going to get along with everybody. We did the Abraham Accords. I think eventually Iran would have been in the Abraham Accords. We had four strong countries go in, and nobody went in since I got out. That whole thing should have been loaded up right now. It should have been full.

They did nothing with the Abraham Accords, and everybody said, we're great. They said, we're going to get the ultimate prize because of that. It was amazing. If anybody else did it, if a Democrat did it, they would have gotten every prize in the book. Every prize in the book. But I did it, and it was a great thing that we did. It was a phenomenal thing,

but when you look at what happened now and you see what's going on, it's very, very, very sad. That attack would have never happened in a million years. Iran didn't have the money for Hamas. They didn't have the money for Hezbollah. They didn't have the money for any of the 28 other cells of terror or whatever you want to call them. Iran was broke.

I say respectfully, they had no money and they weren't given money. And actually it was a big story when I was toward the end of my term, there was a lot of big stories that there was no terror going on because Iran didn't have the money, they had to survive. We would have made a deal good for everybody.

Everybody would have been happy. The main thing is Iran can't have a nuclear weapon. That was my main thing. The deal was a simple deal. Iran can't have a nuclear, you know, it can't have a missile, can't have a nuclear missile. It cannot have that nuclear capability. Other than that, we talk about everything.

They would have been very happy. It would have been fine. And you would have had peace in the Middle East. The problem is, I had them at a point where you could have negotiated. A child could have made a deal with them. And Biden did nothing. He did nothing. A child.

He doesn't like to negotiate. A young man that do nothing or a young woman that do nothing in kindergarten could have made a deal with Iran at that time because they wanted to make a deal. And Biden never took advantage of it. Now, they put back no sanctions, all of the different things that they gave him. China buys billions and billions of dollars of oil every month, many billions of dollars a month. Other people are buying.

So Iran now has $250 billion cash. They made it all in three and a half years. And now they're much tougher to deal with. And I will tell you, I got along great with Kim Jong-un. We solved that problem. Nobody was in danger. But this is a big problem. This is a real problem.

And within 90 days or so, they're going to have and could have very well a nuclear weapon. And Israel is a big, is a big difference in Israel between Iran with a nuclear weapon and Iran without a nuclear weapon and lots of luck in that negotiation that's going to be a much more difficult negotiation. President Trump I wanted to ask you a question about Roe v. Wade. You promised your base that you would overturn Roe v. Wade. You added three people to the Supreme Court and you delivered on that promise. This might be the issue that determines the election, and many people believe it is. Are you going to do a national abortion ban?

Would you support that? Yes or no? So I don't need a national ban because it's up to the states. Right now, what I did is something that people have wanted to do for from day one, 51 years it's been going on. And if you remember, over the years, you're too young, but over the years, all they wanted to do is they wanted to take it out of the federal government and move it into the states.

And I got that done with the selection of three great justices. I got it done. And it was a big thing. But I will say, over the last 10 years, or maybe a little bit more than that, they started talking about the number of weeks and this and that. A lot of different subjects came in. It was no longer just simply bringing it back. Every legal scholar, from Democrat to Republican, liberal, conservative, they all wanted it

brought given to the states. Because from a legal standpoint, from a lot of other standpoints, including even a moral standpoint, they wanted it brought back to the states. And what I did is I got it back to the states. And now the states are in charge and the people are voting. And some votes are coming out the way certain people want it and some votes aren't coming out the way certain people want it. I mean, if you look at Ohio, I would say it was a more liberal vote than people would have thought.

And you could say that for Kansas and then you look at Texas, it was a different story. But the people of the states have got that issue now and they're voting. And the one thing that we have to remember that there's been a lot of radicalism talked about and the radicalism is really on the left because they're willing to do abortions in the eighth and ninth month. And even beyond that, I mean, we have some people, the governor, take a look at the governor of Virginia, the former governor of Virginia, where he talked about we will kill the baby after the baby is born. That's a very radical stance, and hopefully that's all going to be taken off the table

now. But just to put it simply, it's now up to the states. And like Ronald Reagan, I'm a believer in the exceptions, the three exceptions, as you know, and rape incest, life of the mother, the danger for the life of the mother. And we have a situation now where it's in the state's hands and the states are going to be voting. The last thing people want, the people are gonna be voting.

The last thing people want is for that to go back into the federal government. It was always fought and very importantly, and people wanted it, they wanted it back in the states where it belongs legally and for a lot of other reasons. So you wouldn't support a national ban? No, I wouldn't support a national ban. No, I would not. Just shifting back to foreign policy for a moment, Mr. President, on the relationship with China,

it's funny how Democrats and Republicans seem to have a unified voice and banging the drums on the rise of China. Do you think that war with China is inevitable? And if not, how do we avoid it? I think it's not inevitable. I think it's unlikely. I know President Xi very well, and we got along great until COVID. Then I wasn't so happy with him because they gave it to us.

I said it came from the Wuhan lab. I was right about that. They said then it started in Italy, and then it started in France, and started everywhere but there said then it started in Italy and then it started in France and started everywhere but there, but it started in China. And it was a many, many millions of people died all over the world and cost the world probably $60 trillion, which is more money than China has and more money than anybody has.

The death and destruction has been unbelievable. But I think it's high. If you have the right president, we can live at peace with China. We can do very well with China, compete with China. But we don't have the right president right now. He's not respected by China. He's being laughed at by China. And he's a Manchurian candidate. I mean, he's received money from China, his family. And that makes him, me, somebody that shouldn't be negotiating it. He's got a conflict of interest. But no, I don't see war with China as being inevitable at all. President Trump, do you think that Fauci and our government funded gain of function research? And do you think we should really be pursuing the investigation deeply into that? And if we did fund gain of function research, what does

that say about our government and taking ownership of it? Because a lot of us lost a lot of years, kids didn't go to school. And it caused economic damage, as you pointed out earlier, the amount of money you had to spend to try to avoid a depression was really severe. And if we funded that, what does that make you think about our government and then Fauci covering it up? If that is in fact true, what does that make you think about our government? So if you remember, I'm the one that stopped it. And I stopped

it maybe for a lucky reason or an unusual reason. I said, Why are we paying money to China? It wasn't about gain of function or anything else. It was why are we paying money to China? It wasn't about gain of function or anything else. It was why are we paying money to China? China's got a lot of money. And they're doing fine. We're considered like, they want us to consider them a growing nation, a nation in distress, all sorts of things, because they always take advantage of every treaty by saying that they

need an improving nation. I heard the other day they have all different terms for changing, but they're a growing nation. Well, we're a growing nation, too. We're a nation that's becoming a third world nation based on what we're seeing. But I was the one that stopped that when I saw that. I was the one that stopped that. The Fauci thing is an interesting phenomena.

He's a much- I was not a big fan of his. As you know, he said, no, let everybody come in from China. I overrode him on that. I overrode him on a lot. But he wanted the people from China. When I heard about this, I stopped it. We had a room loaded up with people and nobody could even believe it. But I stopped it. We would have lost hundreds of thousands of people more, maybe more, much more, maybe over the millions, but hundreds of thousands of people more had I not stopped people coming in from China.

Did he lie to you about the origin of COVID? Well, I've always said the origin was, you know, where it came from, where it originally came from, was the Wuhan lab. I happen to think it escaped from the Wuhan lab. I mean, I don't believe it came from the bats in 2000 miles away caves. I don't believe it came from other countries

as China tried to convince people it did. I thought it should have been called the China virus because it was a very much more accurate term than COVID. Nobody knows what COVID even means. Why is it COVID? But no, I was always... But did Fauci lie to you, I guess, is what the American people want to know. Did Fauci lie to you? And if he did, should he be prosecuted? I don't think I dealt... You have to understand,

Fauci was a much bigger factor in the Biden administration than he was in the Trump administration. I didn't rely on him that much because I didn't trust him. I would say, I didn't rely on him that much because I didn't trust him. I would say got along with him fine, not really, but I didn't trust him. And again, I was the one that stopped the money going to China. I didn't like it. I didn't stop it because of COVID. I didn't stop it because of anything other than why are we paying money to China? It was strange.

They should pay us money. We shouldn't pay them money one of the things I can tell you the World Health Organization so we pay them almost five hundred million dollars and China pays them thirty nine million dollars and So I got out of the World Health Organization. They did absolutely nothing. They called it totally wrong I got out they called and they said, we'll do anything to keep you in, anything, anything. I said, well, why are they paying 39 million? We're paying almost 500 million. And they said, well, we'll work out a deal where you can pay much less.

I said, well, now you're starting to talk. But even that, it was very popular when I got out. It was very politically, it would have been very hard to go back in. People were thrilled that I got out. I could have made a deal to go in for 39 million They offered me a deal to go in for 39 million and actually turned it down I said, you know, it should be a third It should be if you look at we're 350 million that they're 1.4 billion people, right? So it should have been 25 percent or less than that, but I didn't want to quibble but I could have gone back in

immediately for 39 million million as opposed to $500. Then a horrible, horrible election which helped destroy our country took place in 2020, and they went back in, and they're paying more than $500 million. And they knew I could have made a deal. Now, it's a lot of money, not when you talk about the world, but it's still a lot of money, but it shows you the stupidity of the whole thing. They could have made a deal for 39 million. Instead, they're paying much more than they paid even before. And that's the way the mindset of our country is.

And here's the big part. China totally controls the WHO. China totally controls them. We have very little control over them. And now they want to give control over our whole country to them, which would be a terrible mistake. Fauci brings up sort of the kind of deep state personality that you talked about in 2016,

that's kind of like riddled all over the government. How much progress do you think you made? And what do you want to do if you become president in November? And do you have goals around the deep state this time around? And what are they? Well, I have a lot of things. I mean, I did a lot of things in the FBI. I fired a lot of their top people, including Comey, who was terrible at what he did, a terrible person and terrible at what he did. I fired McCabe and I don't have to go through Lisa and struck all of the lovers. I fired a whole group of people. I got rid of them.

So many of the agents are so incredible in the FBI down below, but we got rid of a lot. You take a look at the World Health again. We got out of a lot. You take a look at the World Health again. We got out of the World Health. We got out of the—this is a similar thing that—you know, this is really similar to your answer, but we got out of the World Health Organization, which was a tremendous thing. We got rid of the Paris Accord. The Paris Accord was a disaster for us. We were going to pay a trillion dollars, and other countries were paying nothing.

Russia was paying nothing. Russia was paying nothing. China was paying nothing. It didn't even kick in for China until 2030, whereas with us it kicked in immediately. So I got rid of the Paris Accord. I did a lot of things having to do with not only people but tremendous amounts of money because the Paris Accord was so unfair. And I said, you know, when I do this, people are not going to like it,

but I have to do it because it's right. People loved it. The public understood it. They loved it. And now they've gone back into the Paris Accord at the same terms and even worse than the terms I got out. It's really a shame. It's so many things.

It's so sad to see so many things. I mean, the WHO, the Paris Acc accord, you take a look at these things, they could have gone back if they wanted to go back, if they had it, they could have gone back for a fraction of what they were doing. And they're very unfair to the United States. We're like a lapdog for every other country. Mr. President, I know you're running out of time here. So we haven't had a chance for you to speak to the border situation yet. So I want to give you a chance to

address that because that's always been really one of your main issues since always since 2016. You wanted to build a wall, the Democrats did everything they could to thwart that. You built the wall but then Biden left a bunch of holes in it and then sold off the parts for scrap metal and now we've had the problem and repealed your executive order. So I want to give you a chance to speak to that. One piece I want to just add in as a follow-up question is a lot of tech CEOs say if we fix the border, can we get more H1Bs for tech workers?

So can you address that as well as what's going on at the border? Yes. So we built hundreds of miles of World David, as you know, and we're very proud of it. We did it as per specification by the Border Patrol. They wanted exactly the wall that we did with the climb paddle on top, with steel, concrete, and then rebar, and all of the things that they wanted.

They wanted to have vision through it, clearly through it. And because I thought about concrete plank, frankly, going up 40 or 50 feet, and they didn't like that. They wanted to have vision through, and I understood that too. I sort of disagreed with it, but that's OK. We actually brought climbers in, Mount Everest climbers to climb, and we built a very hard wall to climb. It's a very effective wall.

And we built hundreds of miles, and then we were going to add quite a bit at the very end. And we bought about 200 additional miles. And it was ready to be put up, could have been put up in three weeks, maybe four weeks, and areas that were rough areas that were people coming in, because as you build the wall, they go in different areas, right? They go further out. the wall, they go in different areas, right? They go further out. It was so effective. It was so effective. Mexico gave us a lot of troops for free because of a certain negotiation that I had with them. You heard that. But it was so effective, the wall. But Biden, they didn't want to put up those slats that were going up routinely by us. That means you had gaps. You had, as an example, you had gates in a certain area that we put up, we were going to put

up big powerful gates that we could open and you could let equipment through, et cetera, et cetera, if you needed it. And they got rid of everything. They sold it for $0.05 on the dollar, much of it, $0.05 on the dollar. I said, I can't believe it. And that's the first time that I said they're serious. They actually want open borders. They want an open border.

Nobody could believe it. I couldn't believe it. Because I never believed they wanted an open border because who would be stupid enough to want an open border? Look what's happened with an open border. I was very proud of that. We built, we had the safest border in the history of our country.

And now we have the worst border in the history of the world. We had a safe border. I history of our country, and now we have the worst border in the history of the world. We had a safe border. I had a remain in Mexico policy, catch and release in Mexico, not in the United States. Everything was so good. But the remain in Mexico was a big deal. Not easy to get, but it was a big deal. They were in Tijuana, hundreds of thousands of people.

They had to be approved to come into our country. And now you look at what's happened. We've been overrun. It's an invasion of our country by people. Many people come out of jails and prisons. They come out of mental institutions, insane asylums, and we have terrorists coming into our country at a level that we've never seen before. It's a very sad...

I never understood why the wall was so controversial. Every country needs to have a border, and a wall is a really good way to enforce a border. I never understood why they were so animated about stopping you from building the wall after you ran on that issue in 2016. They held you up for years with litigation, and then like you said, they wouldn't just finish the little pieces of it, and they left big holes in it. I think you're right. The only conclusion is they want an open border.

I mean, how else do you explain it? They want to destroy our country. You know, the fact is it's incredible. The big mistake I made, I should have said, I will not build a wall. We do not want a wall. And that wall would have gone up in 15 minutes. The more important point, I think, Mr. President is, we need high skilled workers in this country. Yes, we need to recruit the best and brightest

from the world. Every time we get somebody super intelligent from India, or Europe, any country, that's one less. Yeah, and three of the four here immigrants, the ones without the ties, and we get these great people into our country, and that's a loss for our adversaries and our competitors. And it's a gain for us, but I've never heard you talk about this, can you please promise us you will give us more ability to import the best and brightest around the world to America?

I do promise, but I happen to agree. That's why I promise. Otherwise I wouldn't promise. Let me just tell you that it's so sad when we lose people from Harvard, MIT, from the greatest schools and lesser schools that are phenomenal schools also. And what I wanted to do, and I would have done this, but then we had to solve the COVID problem because that came in and sort of dominated for a little while as you perhaps know. But what I want to do and what I will do is you graduate from a college,

I think you should get automatically as part of your diploma a green card to be able to stay in this country. And that includes junior colleges too. Anybody graduates from a college, you go in there for two years or four years, if you graduate or you get a doctorate degree from a college, you should be able to stay in this country.

And you know more stories than I do, but I know of stories where people graduated from a top college or from a college, and they desperately wanted to stay here. They had a plan for a company, a concept, and they can't. They go back to India, they go back to China, they do the same basic company in those places, and they become multi-billionairesaires employing thousands and thousands of people, and it could have been done here. And a bigger example is you need a pool of people to work for your companies.

You have great companies, and they have to be smart people. Not everybody can be less than smart. You need brilliant people. And we force the brilliant people, the people that graduate from college, the people that are number one in their class from the best colleges, you have to be able to recruit these people and keep the people. It was such a big deal. Somebody graduates at the top of the class, they can't even make a deal with the company because they don't think they're going to be able to stay in the country.

That is going to end on day one. That's fantastic. Yeah, that's great. Well, I think we all wholeheartedly agree with that. Being in the tech industry, we understand the importance of that. They're telling us that you have to go to De Nermis as president, so thank you so much for spending so much time with us. We really appreciate it.

It's been great having this conversation with you. Wait, hold on. I'm sorry. I have to ask one question, sir. When you got elected in the 2016 election, you said the first thing or one of the things you wanted to do was release the JFK file. And then you said later, I saw it and I just, I wasn't really ready to do it. And then I saw a clip where you changed your mind and you said, I think we're ready to see this file. And I'm just curious. What's in it? What happened? Like what?

I actually did do it. I released a lot as you know, but when it came to the whole thing, I was hit by some people that worked for me that are great people that you would respect. And they asked me not to do it. And I'm saying, why, tell me why. And they said, sir, I think it needs a little more time. And I released a lot, but I said,

if they feel so strongly, I respect the people and would have done that again. But this time, I'm just going to do it. RFK says the CIA killed his uncle. Do you believe that? Well, this wasn't CIA that asked me, but I think CIA was probably behind it. But they didn't, they would have preferred that I not release the rest of it. So we did give quite a bit. It's going to be done early on.

A lot of people want to see that. And whatever it may say, I won't say, I sort of have an idea, but whatever it is, it'll be very interesting for people to see. And we're going to have to learn from it. Promise us you'll come back again. You know, there are other things we're going to release too. We're going to release. What else do you got? We'll talk to you about it off-camera. Aliens? By the way, I generally speaking, and there are reasons not to release certain things, obviously, but I generally, you know, it's transparency. And I think it's important that we release that. And there are other things, too. There are other things that you know about. But people, more than

anything else, they want the JFK files. We're going to release that immediately. Do you have a prediction for the debate next week? What's going to happen? Well, all I can say is this. I watched him with Paul Ryan and he destroyed Paul Ryan, Paul Ryan with the water. He was chugging water at a left and right. I didn't think a human being would be able to drink so much water at one time and he

beat Paul Ryan. So I'm not underestimating him So I'm not underestimating him. I'm not underestimating him. It is what it is. We'll see what happens. But you take a look at the last one. I happen to think he's incompetent for a lot of reasons. I think he's incompetent because he has gotten the worst policies, both foreign policy and

internal policy. I mean, who would not want to have a wall? Who wants to have millions of people pouring in? Who wants to have high taxes? You know, taxes are going to raise by four times if this guy has his plan. Is he in cognitive decline? Do you believe he's in cognitive decline, Mr. President? I shouldn't be the one to say that, but I don't think he's doing particularly well.

But I didn't think he was well 25 years ago. I thought he was not a smart person. And that was told to me by a certain member of the Kennedy family who was actually very friendly with me through a Palm Beach relationship. And I was told that very strongly. So I was never a fan of his. But I will say he beat Paul Ryan, still years ago, but he beat Paul Ryan pretty badly. And I assume he's going to be somebody but he beat Paul Ryan pretty badly.

I assume he's going to be somebody that will be a worthy debater. Yeah, I would say. I think I don't want to underestimate him. All right. I think that's smart. Well, your team is telling us that they need you to go to a dinner, Mr. President. Obviously, we could keep going for hours and hours, but it's been great to have you for the last hour here. And it's been great getting to know you with the dinner that we did.

And we hope that you'll come back on our show. Podcasts are getting bigger and bigger. So hopefully in your second term, you'll come on here and talk to us again. Think Biden would do this interview? I don't think so. Absolutely not. Absolutely not. I don't think so. We invited him. I don't absolutely not. Absolutely. I don't think so.

One question. I don't think he's doing these interviews. So it's an honor to be with you all. Very good question. We appreciate it, sir. Thank you very much, sir. Thank you. Thank you, sir. There you have it. Wow. That was some hour boys. What do we think? Let's do a wrap up, huh? Do a little wrap here. Let's do a wrap up, huh? Do a little wrap here. J Cal, what are your big takeaways? Well, I'm undecided, as you know, we had a limited amount of time with him. And obviously, just say it, just say it. You like him. You didn't. You were to say it, just say it because it's written all across your face. Just say it. You like him. You're confused.

I have some questions. No, he crushed your questions. say it. You like him? You're confused? I have some questions. No, he crushed your questions. You asked great questions and he just dealt with them head on. Just admit it. I would like him. You like him. I told you you'd like him. This is my point. Whether you come out of it wanting to vote for the president or sure, everybody needs to, I think, just sit in a room and just hear him out. If you're if you if you want me to answer the question, what I'll say is there there are some blockers I have that we didn't get to January 6, obviously, I did, you know, one of the blockers I have is

obviously Roe v. Wade. And I think he handled that question really well. And I think we may have gotten a little bit of breaking news there. In terms of him saying he would not do the national ban. And I think that's a big concern people have. And I think that's maybe the issue. According to a lot of experts, I'm sorry to sound like Trump, a lot of experts, people believe that could be the deciding issue of the election. And so I think he handled it really well by saying the states are going to choose and he's not going to do the federal. He was very exemption. He was very unequivocal about that really clear that he would not do a national ban really clear that the states would decide and furthermore, he understood that the states are deciding there's been a bunch of referenda at the state level, and they are

generally coming out on the pro choice side and he indicated that he understood that some of the votes are not turning out the way the people may have thought. And he's gonna respect that. Which is what 80% of people want. Right, 80% of people want women to choose. He's gonna respect democracy. He's gonna respect democracy on that issue.

So I think he nailed that question. I think he was very definitive about Ukraine not entering NATO. And I think he was very definitive about an h1 b policy that's pro productivity and immigration. That was the part I like best if I'm being giving grads green cards, that's like such a good breaking news to by the way, I think we elevated the discussion about immigration beyond the wall and into recruitment, which is what I have been trying to do

on this podcast for a couple years here now. So to hear the president say, I will do that for you, because I want that, that to me, was palpable. And you on this podcast for a couple of years here now. So to hear the president say, I will do that for you, because I want that, that to me, was paddle bill. And you know, there's a lot of things I agree with him on. And the January six that we didn't get to. So apologies to the audience on that. I know a lot of people have feelings about it. But you know, you can only get so much from 15 minutes of interview, I think he did a great job.

And the whole town hall on that issue. I mean, quite frankly, I felt like we dealt with a lot of substance here. So, but Chamath, I agree with you. He was really clear on Ukraine. He went further than he has in the past. In the past, he said that he'll get a peace deal very quickly and that he wants the people to stop dying. But in this interview, he went further. He said that if France or other European countries send in troops, the US definitely will not participate in that. We are not going to send American boots on the ground.

The Biden administration, I don't think has said that definitively the way that President Trump said it. Moreover, he understood that a major cause of the war was the desire to bring Ukraine into NATO. I've never heard anyone in the administration say that. He went further and said they keep saying these provocative things about, you know, even now they keep repeating that Ukraine's going to be part of NATO. So he understood the provocation there.

Friberg, what's your take on him? You haven't come out and said who you're voting for, but this is your first time interacting with them, albeit for 50 minutes in a group setting. But what's your impression? It's a difficult forum because we can't go deep and ask responsive questions, and we don't have a lot of time and there's four of us trying to ask questions. So the format is a little difficult to get to the heart of the matter on some of these complicated topics like federal spending, deficit, debt. Yeah, we need two hours.

Yeah. And I think you need to just be able to like hone in on the question, you know, his response on how are we going to reduce kind of the bureaucratic overhead and the wasteful spending and the federal government, and he kind of pivoted to the Department of Education, that's 3% of the federal budget. I want to talk about the rest of it. And you know, we're adding, it took us 200 years as a country to add a trillion dollars to our federal debt to go from zero to a trillion. And now we're adding a trillion every hundred days.

And it's going to take a lot more than just one to 3% cuts in spending to get us out of the, you know, the spiral that we're in. I also am concerned very, I think very rightly so. And I think he acknowledges the concerns that were mentioned by Larry Summers that tariffs plus tax cuts could lead to serious inflation and economic contraction. Those are really difficult things to do together unless you have a very clear plan for massively cutting spending at the federal level. So I don't feel like I got to the heart of the matter on those points. And as you guys know, that's what I care so deeply about.

I think we need to fix the machine to be able to do the things we want the machine to do over time. And I'm very deeply worried about that. You know, I had a couple of reactions to that. So number one is I thought it was interesting how he reacted to the question about Larry Summers, because he knows Larry Summers, and he actually said several very secondary things towards him. So he may not agree with him on

everything. But he said that Larry had gotten a bunch of things right. And he's an interesting guy. And Larry did get the inflation call right. Remember at the very beginning, right of the Biden administration. So it was interesting, I thought that President Trump handled that question very tactfully. I think it's not like he wasn't looking to attack anyone or anything like that. We really buy he's going to do this terrorist thing anyway,

like it seems like that's a bit of pandering maybe to the voter base. It sounds like a great solution, right? But I don't think he's going to do it. Yeah. Once the economic advisors get together and look at the analysis and what this will do to costs of things, inflation will go up, et cetera, you know, maybe there's a rethink ultimately on how that's implemented and on what particular slices of the economy it's implemented.

So I'm sure as you point out, it probably gets toned down for this to even become a reality. It seems quite difficult tonight. Yeah, just on the second piece on the deficit, Jake, you asked a pretty tough question there where you basically said, look, your debt has grown as much under your first term as it has under Biden. Remember that, the eight trillion or something?

It's almost exactly gonna be the same. 6.5 to date from Biden, 7.8 trillion for Trump. But I think he had a pretty good answer, which was that, look, at the first year of COVID, we were dealing with a potential depression. Yeah, he had to. I don't know if he mentioned that the economy GDP was down 30%.

Yeah, he talked about 1929. Yeah. Yeah, exactly. So he basically explained that we had to do that. But then after that, we shouldn't have kept going. And I do think that Trump is just not as big a spender as Biden. I mean, look, Biden's been in Washington for 50 years. He thinks government's the answer for everything. He loves spending money. And he spent trillions on COVID even after we

didn't need to. So I get the sense that Trump was a reluctant spender. I'm not saying he didn't spend. Whereas Biden, I that Trump was a reluctant spender. I'm not saying he didn't spend. Whereas Biden, I think is a eager spender. And I think that any modern politician wants to spend because it's popular. I just think it's their nature. I think if Trump had the power by himself to reign and spending, I think he would. I think the issue is that the president by himself can't do that much. Which is what my follow up question was, right? I was trying to ask him,

can you actually do it as president or not? Like, is there the wherewithal to do it? I think the other aspect I wanted to see, I'm really glad he talked about de dollarization. And I he mentioned it up front. And so that to me, really resonated, it really rings true to the effect of US spending US foreign policy. So much of this is driving, and I'm concerned about, right, driving the Saudis into the arms of the Chinese and, and other foreign adversaries to the United States. And I would have really liked to have spent a little time with him on the Saudi relationship, where he sees that headed, how the Saudi relationship will affect the Middle East and how the Saudi relationship could affect the US dollar and dollar reserves

around the world. But I think he's acutely aware of de-dollarization and foreign reserves in dollars being sold down. And that the there are serious effects to that. I didn't hear a follow up on like, what the specific responses will be, you know, to the drivers there, which I would have loved to spend a little more time on. What do you think will be the viral moments to come out of this? If any, what do you think the mainstream media or social media will take from this? Any moments you think were breaking news or notable?

Well, I think there's a lot of clarity on a couple of important points. One is no federal ban on abortion. I think that that's important news for a lot of people. The second is this clarity on H1Bs, which is very different from what has to be done at the border. And I think that was very clear and new. And I think it's very positive for our community, meaning the tech industry. Absolutely. Yeah, that's why I pushed it. We need that clarity because we're trying to hire these people and we are losing them every day. And then the third was, I think the clarity on NATO was also very definitive.

And I think that that's important. The fourth, which was an implication of what he said, which is a little depressing is, I think there's a lot of us that want to see this Israeli Palestine conflict resolved. And I think what he's saying is, we can't because we've let the genie out of the bottle. We have an adversary now with a quarter of a trillion dollars of excess cash who has no incentive to negotiate. Iran.

That's Iran. So that's really depressing. And then the fifth one was around this JFK thing. The reason why I asked the JFK question is not necessarily that I have a specific interest in JFK, but it's emblematic of, it's a proxy for this deep state, this idea of secrets, or this idea of there's a layer of people that are embedded in the United States government that decides on behalf of all of us. And I think when you have somebody who can push back against that, and use transparency and sunlight as the cleansing function,

that is what we need. If we're going to rebuild trust in our government and institutions, we're going to need a lot more transparency. And if that one's hanging out there, why not resolve it? I mean, did he say he thinks the CIA CIA did it? I think I heard him say that. I think the CIA did it. What I heard was he said he was behind the people that were influencing him not to. No, I think what he said was the CIA were- They didn't want the information app. Yeah, we should be clear about that

because it could be quoted out of context. Yeah, we're gonna need to see the transcript on that. He did not say that he thought the CIA was behind the asset. No, he did not say, he didn't come anywhere close. He said that he thought the CIA was behind- Influencing the people. Influence that we're telling him to not do it. And he listened to them out of trust and respect for them, which I think that's a reasonable judgment in the moment.

But my point is- We gotta see that transcript, yeah. My point is exposing that is a very important way of giving the influence and power back to the people. Absolutely. I've mentioned this quote from Mike Pompeo, which is really powerful, but it's something to the effect of the people on the top floor of the CIA do not believe it's a Democrat or a Republican that runs America, but that they do. And he said that in the context of

being asked, what is the one regret you have, or some of the biggest regrets you have in running the CIA? And Pompeo said that he didn't fix that. So I think that there's a lot of embedded versions of this establishment class that lurk in many institutions, whether it's the EPA, whether it's the CIA, whether it's the NIH. And if there are ways in which the president can unlock the data that's necessary or the information for all of us to have a little bit more clarity on what's happening, I think it's important. And I do think for many people that the JFK file is representative of a lot of them. Well, and then Dove telling that, Sachs, Fauci discussion, where he said, I don't trust

I never trusted Fauci and then kind of pushing it on like, hey, do you think it should be prosecuted? Did we fund it or not? Seems pretty clear. He believes we funded data research. His position was, I just didn't want to spend the money, which I appreciate about it. With China. With China. Yeah. You want to spend the money in China. Yeah. Yeah. And so what did you think of that China. Yeah. Spend the money in China. Yeah. Yeah.

And so what did you think of that point? Yeah. Well, I thought that his response on that was similar to a lot of his responses, which is he did not take the edgy position that he was sort of being teed up to take. I mean, kind of like same thing with like Larry Summers thing. You know, he had mild criticism, I thought, for Fauci, but he didn't go scorched earth at all on Fauci there. And we didn't trust him. He said,

Yeah, absolutely. Nobody. Nobody, nobody trusts Fauci. You asked him whether Fauci should be prosecuted. He cannot take the bait on that. That's my point. He was very respectful, actually. I was very surprised to hear how he respected Fauci and how he framed his response to that question. And I think that says a lot. But can I tell you why you're surprised? Because I think we have been fed, this is what I'm

saying. We have been fed a narrative of what President Trump looks like. Now, in fairness, we're also being fed a narrative of what President Biden is like. And this is why you have to see these men up close and personal for yourself because David, the fact that you're surprised is less about the fact that Donald Trump has changed. It's more the fact that you've been told a narrative and you've believed it. And so now when you see the actual truth, you have to re underwrite, hold on a second. He's actually pretty thoughtful. He's pretty presidential. He doesn't go off on people. That's not what you probably thought going in because that's not what the mainstream media

portrays about what you should be thinking about. In fairness, he has gone in on people pretty hard over the last eight years. He's a counter puncher. I don't think he hits people unless they hit him first. I mean, that's his pattern. But look, I agree with Trimath here that my overall take on this, and look, my position is clear because I wrote a long post on X endorsing Trump a couple of weeks ago, but everything I heard here in this interview is consistent with the reasons why I stated I want to support him. He clearly favors a pro-growth agenda. He wants to keep taxes low and reasonable.

He wants to keep taxes low and reasonable. He wants to reduce regulations. He wanted to increase the number of H1Bs, get the dream team over here for tech while sealing the border, while cutting down on crime in blue cities. They talked about how crime was out of control. He wants to negotiate peace deals. He I think understands very well why we have this war going on in Europe. Overall, I heard a lot of reassuring things. And I didn't hear anything that I would put in the category of a grievance or a desire for revenge.

The media is trying to portray him as like seeking vengeance or something like that. Well, that's because he says he is. Didn't get that vibe at all. He said over and over again, let's be clear, he said over again, I will be your retribution. So he may not have said it on this podcast. Did you get any of that in this interview? No, I've just heard him say it 50 times in the last 60 days.

So. But Sacks, where would you like to have seen him be stronger? Maybe this same clip played over and over again on CNN. Where would you like to have seen him be stronger or different on any of his major positions? What would you as his advisor advise him to shift or double down on a bit? Well, I mean, I think Jamath is right that with respect to the Middle East, I think his position isn't perfectly clear because it's not only about Iran in the Middle East, right?

But the truth of the matter is politically, I don't know that he could say more. And I think that's just a very, very tough issue where you're bound to alienate and polarize one side or the other. And so I think he's sort of definitely walking a tightrope there. Yeah, when he says it would never have happened,

like I'm always like, it would never have happened under like, I'm always like, you know, like, it would never happen to me, I would like to have a little more of the why. Why do you believe that? And he never gets into the details. He just says that over and over. But maybe he's right, you know, like, when I hear Trump talk, what I hear is someone who's a dealmaker, he was a dealmaker in business. Now he's a dealmaker politically.

He's willing to have conversations with anybody. There was even a moment when he's talking about Iran, where he said maybe he could have worked out a deal. But in any event, he's somebody who I think is willing to negotiate, which I think is a positive thing, because once last time Biden negotiated anything. I mean, I didn't get to ask, but you know, one of the things I had chewed up was, you know, I just think you've done a phenomenal job in

talking to people who most people feel are difficult people to get along with, you know, Kim Jong Un, G Putin, I think it's a superpower is talking to dictators, despots, people who are cantankerous and difficult, and he always seems to get the better of them, or at least get he at least gets our interest as Americans aligned with whatever their interests are. So I think you give him a plus on that. Yeah, I don't want to be insulting. I'm not like in the past, you've said that he was embracing the dictators and he was kowtowing to I think you've

said comments like that in the past where no, yes, or something that felt like he was kowtowing to I think you've said comments like that in the past where no, you have you Yes, or something that felt like he was more trying to embrace and engage with them in a way that's like, why I've always felt you should talk to everybody all the time. You know, that's not my issue with Trump. You know, it's never been my issue with him. I think that's a superpower. The fact that he went into North Korea and stepped over in the DMZ, you saw the look on Kim Jong Un's face. He just Kim Jong Un just wants a little attention. He wants a little recognition. And this idea like we're not

going to give him any recognition is stupid. Because if you give him a little recognition, now you're sort of tilting him towards, hey, maybe you could be part of this. Like maybe you could come to the West and see a movie premiere or come to the NBA finals, as opposed to start wobbling, you know, dysfunctional missiles over Japan, like, you know, that video where they're like setting up the little press shooting and the in the conference room with Oh my god, that video is so funny. Jung Un's face when Trump says video, you want me to go over?

I go. Should I go over? Should I do it? Now? I go over? Okay. And Kim Jong Un is beaming and you're like, he just played him. He played him. Like he walked 10 feet into North Korea. And now Kim Jong Un's like, you know what, I don't need this. My my big unanswered question. I did want to ask him about like Dalio's prediction of like the cycle of empires 500 years, six years.

Well, let's play counterfactual, Freebrook. How do you compare the answers you've heard to what you have heard or what you think President Biden's answers would be to the things that you care about? I honestly feel like there's a little bit of a blinders to the question, like there's a pivot back to what I've done, what I'll do versus the like, let's actually talk about where we are in the debt cycle. And this is exactly what like history repeating itself. At the time that you take on all the debt, you drive internal conflict. January 6th is a great like data point. You drive external conflict.

We've had two or three wars start in the last four years. How do we reverse those things so that we don't repeat history? And we sat down with Dalia and we asked him this question, is there a way to not repeat history? And he said, yes, there is. And we talked with Graham Allison about this. And all these guys believe that there's a way to avoid it. There have been moments where we've nearly had the external conflict. And that's why I asked him about war with China. But I want to understand if there is this broader kind of construct of what is going on. Because he hits

on all the data points correctly, de-dollarization, increased spending, bloated bureaucracy, conflicts around the world, without taking it all into perspective and saying, man, like, this is where empires die. I guess he does say that, right? He does actually highlight exactly what Dalio points out. Doesn't do what Malay does though, right?

Like Malay has said to the populace, Malay, that's exactly, yeah, Malay has, Malay, he just needs to take that next Malay step and say, I will cut half the people working at these places. He kind of did say it, when it came to education, I don't know what your interpretations were gentlemen, back to an entrepreneurial economy, right? Allow capital. I think he did say around regulation. And then with respect to the bureaucracy, he pointed to education. Yeah,

that was a good example. Energy, he pointed to education. He pointed to- Yeah, that was a good example, I think. Energy, he pointed to the EPA. The right things are on his radar screen. Yeah. I just hope he gets the right people around him, Sax. Yeah. I mean, I need you in that cabinet. No more Julianis and stupid people.

You gotta, if you're gonna, if put smart people around him, not drunks. We need a cabinet, cabinet and advisors. Here's the thing. On nuclear, on regulation and nuclear, on AI, like, yeah. In 2016, there was not, the kind of people that, for example, were at this fundraiser that David and I organized was, I think,

entirely different than what you saw in 2016. And I do think there is an opportunity where if you dipped your hand like there was a young man in the audience, who answered this AI question, and he talked about public key, private key cryptography, it was beautiful. It was amazing. Very technical person. But there are all these people that are coming out of the woodwork. To your point, Freeberg, if he can figure out how to build a cabinet with those people, meaning these extremely technical,

thoughtful people, then there's a real shot that you can change. Yeah, I hope that's right. I pulled up some some data going into our conversation. I just want to hear read this to you guys. Totally off topic. But I just want to say we can cut it out if you want. But you know, construction for the Francis Scott key bridge, which is 1.6 miles long. When it was built in 1977 was 141 million bucks, about 740 million in today's dollars today, they're estimating to repair, you know, that's the bridge that collapsed, um, in Baltimore.

They're saying it's going to cost, you know, $2 billion or more to repair that bridge now, you know, 40 years later, California's bullet train project in 2008 was supposed to cost 40 billion. We're 15 years into this thing. We've spent 18 billion. They're now asking for 140 billion total to build 171 mile track. That's a billion a mile. Let me just tell you this other fact. China just spent- And the tracks are in the middle of nowhere. Yeah. And China just spent 300 billion to build 16,000 miles of high-speed rail. They're spending 18 million a mile.

That's 2% of the cost of the California high-speed rail system, 2% per mile. We are 50 times more expensive than China. That is where superpowers shift. That is where, that is the fundamental premise of the shift that we've seen five, six times in the last 500 years. That's the question for the president. Yeah, I mean, it's it's just time to privatize all that stuff. It's layers, it's layers of, you know,

these two men, Trump or Biden, which one do you think is gonna be more skeptical of big government spending? And which one is going to be more interested in being conducive to the private sector solving problems. I mean, to me, there's no comparison. All right. Well, which one? Which one do you think? Obviously, Trump is his all of his instincts are, let's empower the private sector. Let's cut regulations. Let's make taxes reasonable. Let's get the smartest people in the country. Let's have peace deals. Let's have growth. What do you think, Freeber?

I have heard conversations that there is an economic argument. I don't know if I buy it, that one of the reasons that they're trying to leave the border open is there is a low cost labor pool that grows that actually is beneficial to economic growth that there's just not enough in the workforce today to like, think about the cost of building that railroad in China versus the U, you know, the, the average income in the US is a couple turns on what it is in China. You can also say you don't want to answer the question. Between the two? Yeah.

Man. Ask this question more specifically. Yeah, ask me. Yeah, honestly. Who do you think is closer to your desired outcome? Trump or Biden? I think Trump hits on it way more than Biden does. Yeah, he definitely hits on the concerns that I have. I don't know if he has the path that makes me feel like,

great, this is gonna work. Does Biden have a problem? And I think the other thing I worry about is the leadership problem with Trump. Meaning, I don't mean him as a leader in terms of effectiveness, but just this like Trump derangement syndrome is not something to be ignored

and to be disparaging of the people that we all, you know, that not we all, but people say have Trump derangement syndrome. It's a fundamental like tilting that he does. And he tilts half the people in the country. He tilts them. And I think that that is really, and maybe the other side is true as well.

Maybe it's a psychological problem that a lot of people have. It doesn't mean we should have a worse president. No, so that's one argument. Or maybe when he tried, maybe there's a way to use unifying speech instead of divisive speech. And that is my other concern is just like, or you speak directly to the people and you end up where J Jake Al is at and where you're at, which is you've heard him face to face really for the first time. I want to hear Biden face to face. I want to have a long conversation. We don't have him on here. I totally agree.

We invited Biden on here too and we're waiting breathlessly for him to accept the invitation. You got to give Trump credit for coming on the show, like he said, and took all questions. So you got to give Trump a lot of credit for that. But, Friberg, to your point about the TDS for a second, look, when Biden ran in 2020, he promised a return to normalcy. That was basically his sales pitch. We had just gone through COVID.

You know, there were a lot of people who had TDS or were tilted by Trump. And what Biden said is we're going to have normalcy. What actually happened? Well, I think Biden began this incredibly partisan and vindictive program of lawfare of trying to prosecute not just Trump, but a lot of other people. We had the border basically opened up. I mean, Biden repealed all those executive orders on day one and did create those holes in the wall. There was absolutely no reason for that. We had this war in Ukraine that was easily avoidable if they just said the right things back in 2021. And I mean, I could go on. I mean, on the issue of tech,

like we talked about, everyone feels frozen right now. Crypto can't get a regulatory framework. No one can do M&A. So have we gotten the normalcy that we were promised? I don't think so. And on the other hand, what I heard from Trump in this interview was like, he was sort of softened. He did not go scorched earth, even when he invited him to.

He did not say prosecute Fauci. I will agree with you on that. He had nice words to say about Larry Summers. Yes, he was, you know, I thought this was a very moderate sounding Trump. Maybe it's a different approach. And I'm wrong. And I'm just referencing the history with him. And I do agree with you that the way he spoke today about people that have been antagonistic about him or to him, like Larry Summers and Fauci did surprise me, particularly after years of him sending out these tweets every morning about people that are antagonistic about him. And it was quite refreshing, honestly, and it felt different. So you know, I will give him credit on that point. I will I will like agree with you on that, for sure.

The point is, I think that we had an opportunity to interview the President of the United States. And that was great. Congrats. I think we talked about a broad spectrum of issues. I wish we had more time. I think he answered them precisely. And I think he was candid. And I think that he gave us new information, which I think is important. And I think it allowed you guys to see what I saw, which is if you're an independent or not a Republican,

quote unquote, by name, and you have a preconceived notion of what President Trump is like, it's very difficult to keep that notion, is my point, after you hear him and after you meet him. And I think that that's a very important thing to keep in mind because I don't think it says as much about President Trump as it does about the lens with which we are taught to think about all of these people, including President Biden. So I would just say, you got to think for yourself. And that's the most important takeaway. And I think that we are giving people ground truth data to underwrite your own opinion. All right, everybody. This has been another amazing episode of the All-In podcast. Thank you, David Sacks, for getting President Trump to come on. President Biden, you are, of course, invited to come on. We encourage you to come on. Give us 50 minutes. Give us an hour and a half, whatever you got.

No, we've asked. We've asked. waiting i'm just restating it for the record that if you by some means somebody in this group says we should you know talk to the all-in team since they're our top 10 pockets and every other presidential candidate's been on who knows maybe somebody decides he's going to be able to keep up with the group i don't think he can keep up that's the big challenge for the rain man david sax jamath palhappitea your chairman dictator and the sultan of science david rubert I am the world's greatest moderator. You didn't moderate today. I'm sure guest Sacks.

Great job. We'll see you next time. Great job. Love you boys. Love you boys. Bye bye. David Sacks I'm going all in And instead we open source it to the fans and they've just gone crazy with it Love you Wesley

The queen of Ken Wong I'm going all in What, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, You should all just get a room and just have one big huge orgy because they're all just like this like sexual tension but they just need to release them out. What? You're the B. What? You're the B. What? You're the B. We need to get merch.