Julian Dorey Podcast - #432 - Jared Kushner LIES, Trump Phone Calls & Roman Empire DATA CENTERS | Julian Dorey
Episode Date: June 6, 2026JOIN PATREON FOR EARLY UNCENSORED EPISODE RELEASES: https://www.patreon.com/JulianDorey CLIPPERS DISCORD: https://discord.gg/8QmWEKJ3BT FOLLOW JULIAN DOREY IG: https://www.instagram.com/julianddore...y/ X: https://x.com/juliandorey FOLLOW JOEY DEEF IG: https://www.instagram.com/joeydeef/ X: https://x.com/TokeMalone JULIAN YT CHANNELS - SUBSCRIBE to Julian Dorey Clips YT: https://www.youtube.com/@juliandoreyclips - SUBSCRIBE to Julian Dorey Daily YT: https://www.youtube.com/@JulianDoreyDaily - SUBSCRIBE to Best of JDP: https://www.youtube.com/@bestofJDP ****TIMESTAMPS**** 0:00 - Deef headed to Europe, The Secret spot in Rome 2:35 - The Fugazi Trump Netanyahu Call 7:45 - CIA Whistleblower predicts fun things in Iran 11:08 - Jared Kushner lied 14:07 - Jared Kushner’s Affinity Partners 16:50 - Saudi Arabia, MBS, Jamal Khashoggi, Al-Fayed, Kushner & Epstein Links 23:38 - Kushner Albania Controversy & Al-Fayed’s Allegations 32:08 - Mamdani skips Israel Day Parade 35:12 - Jared Kushner & Ivanka Trump Syria “Pay to Play” 43:02 - The Problem w/ Jared’s deals 44:39 - Paolo Zampolli’s Wife still unloading the clip 50:28 - Howard Lutnick continues to be a scumbag 54:24 - Julian on the Current Elites & the Fall of Ancient Rome 1:06:09 - Datacenters are apparently people too 1:07:18 - Surveillance State Datacenters (Hooray) 1:09:20 - Microsoft & Big Tech LOSING MASSIVE $$$ on AI 1:14:32 - Tokenmaxxing, FAFO & Crash coming 1:17:33 - Kevin O’Leary continues to shill datacenters & taxbreaks (REACTION) 1:25:42 - China vs. US AI Race & diff w/ datacenter backlash 1:28:48 - NVIDIA backyard datacenters 1:30:18 - Google Executive’s AI Warning & Sam Altman is nuts 1:32:07 - Blackrock says they are going to enslave you 1:34:18 - How China figured out AI better than we did 1:36:56 - Off to Rome CREDITS: - Host, Editor & Producer: Julian Dorey - COO, Producer & Editor: Alessi Allaman - https://www.youtube.com/@UCyLKzv5fKxGmVQg3cMJJzyQ - In-Studio Producer: Joey Deef Julian Dorey Podcast Episode 432 - Julian Dorey Music by Artlist.io Learn more about your ad choices. Visit podcastchoices.com/adchoices
Transcript
Discussion (0)
What's up, everybody, and welcome back to another episode of the Julian Dory Podcast.
I am Julian Dory.
And I'm Joey Dief.
How you, how you done?
A little Euro-maxing happening, Dief.
Going a little Europe trip now?
Yep, it's the pure spec to Euro-maxing pipeline right here.
Right.
Where are you going?
I'm going to Italy, to Rome and Florence.
Back so soon.
Yeah, back so soon.
I can't wait.
Yep, hit Roma for a few days, and then my buddy's getting married up in Ferenze.
So.
Excellent.
Excellent.
It would be good.
Well, if any of you ever go out to Rome,
ask for, go to La Boticella.
All right.
So it's this bar right off Piazza Navona.
I lived in Rome when I was in college and great time.
But this barca la Boticella right off of Piazza Navona,
which is basically like the center piazza and the dead center of Rome.
It's colloquially known as colloquially.
Am I saying that right?
Cloquial.
Yeah, yeah.
It's early in the morning.
We have to do early spec this week for Dief because.
you know, big Europe guy. But you go to this bar called La Boticella. It's on Via Tore
Melizzi, right? We can check that. Which is right off of Piazza Navona by about 20 meters or so,
and it's colloquially known as Steelers Bar. Because my boy Giovanni, who owns the bar,
he's lived there for, you know, the last 40 years. But when he was four years old,
he moved to Toronto from age four to 15 with his family. So he became a Steelers fan
when he was there. So when he moved back to Rome at 15, opened up the bar a few years later,
he used to stream the, oh, it still does, stream the Steelers games in the bar. And so a bunch of
Steelers fans from around America would be over there in Rome. And when they want to catch a game
during the NFL season, they'd go there and it kind of became this thing. But I basically lived in
there when I lived over there. So whenever people go to Rome, you go to that bar, you ask for Giovanni.
He'll be behind the bar, behind the Jesus with the Steelers helmet on it.
and all the liquor, which is a great vibe.
And you tell him Julian Dory or Julian Sopranos sent you.
He'll take care of the rest, show you a good time in Rome,
tell you everywhere to go and everywhere to avoid.
But I am jealous.
Yeah, I'll be pulling that one.
I'll be like, yeah, Mr. Sopranos sent me.
You're back already.
Yeah, we've got to do a little location scouting over there, by the way.
Yeah, well, much to come there.
Much to come there, for sure.
But you're going to have a great time.
Yeah, I can't wait.
Pumped.
You were just there five months ago.
That's what I'm saying.
I'm making a little habit out of it.
Very grateful.
Yeah, very grateful.
Y'all didn't really think I would not show up to Rome would be.
Come on.
Come on.
Come on.
Of course, that was coming, people.
I just, you know, kind of.
Got to keep it looking.
All right.
Well, we got some stuff to do, obviously, as always, a little pure specky.
We got a lot of different things on the bone today.
Yeah.
A lot of...
It's a variety episode.
It's a variety episode for short.
But, you know,
just to start it off, obviously, this is Aaron on Saturday.
We're recording this a little earlier than usual because Deaf's leaving.
But you have this phone call drop between Trump and Netanyahu.
Can you pull that up?
Yeah.
I smell such bullshit here.
So basically, Trump's in the middle of this whole Iran peace negotiation that never fucking ends.
And this report comes out that he had this fiery phone call with Netanyahu where he yells at Netanyahu.
And let's get the exact quote, so I have it.
And by the way, it's from Barack Ravid, who is at Axios and is always the guy who's just dumping stories straight from Netanyahu.
So be highly suspicious of all this stuff.
But Trump allegedly told Netanyahu, you'd be in prison if it weren't for me.
I'm saving your ass.
Everybody hates you now.
Everybody hates Israel because of this.
And then he at one point yelled at Netanyahu, what the fuck are you doing?
Now, obviously Netanyahu has continued all of his bombing.
campaigns, better called military campaigns, if that's what you even want to call this shit at this
point, because there's a lot of different things going on to it, including some stuff that
seems completely illegal.
Yeah.
Obviously, we've covered that at length.
But he's continuing that in Lebanon while the U.S. is trying to negotiate peace with Iran
and the war that they dragged us into, they being Netanyahu's government, and are not adding
boots on the ground to Iran while they want us to have a boots on the ground invasion there.
the reason that I think this is total bullshit is because it is what's the term for this deep like a like a double PR win it on one hand makes Donald Trump look like he's finally standing up to Netanyahu after never fucking standing up to him in his life and on the other hand Netanyahu gets to then come out and put out a statement afterwards where he said the military plans in Lebanon remain unchanged which to be clear that means that's
cleansing the area and taking land, which is what they've been doing. But Netanyahu then gets to say
to his people that he stood up to President Trump, took the heat, and said no when it was important,
just like fucking Ben-Gavir wants them to say no and shit. So when you see stories like this,
and then you don't see an immediate peace deal, in fact, you see Iran just pulling out of all
negotiations as they announced because of what's going on in Lebanon, you have to understand
it's most likely semantics. I mean, even Mark Levin.
was on there tweeting about this and not denying it.
You know, Mr. fucking Israel Firster, Mark Levin, is out there saying that, you know, he just wants all the people that whoever leaked this to be investigated by the FBI.
So he's not denying it, meaning like he's trying to play it like it's real, like Trump did stand up to Netanyahu.
So it just, it creates a giant facade over what's really happening here.
For sure.
Because the military campaigns continue.
and the Iran War, unfortunately, still goes on, which, by the way, how many days has it been
for it to be a military operation without needing the approval of Congress?
I didn't even look at this.
But the war started February 28th, I believe that's Saturday.
We are now in June, so it's been more than 90 days.
What's the legality there?
I should have remembered this off the top of my head, but we'll check it right now.
The war, how many days can the president continue the war in Iran without getting congressional approval?
Hey guys, if you're not following me on Spotify, please hit that follow button and leave a five-star review.
They're both a huge huge help.
Thank you.
So under the war powers resolution in 1973, the president can continue hostilities without congressional approval for 60 days.
So we've like fucking doubled that at this point.
Are we in double jeopardy?
Like, what are we doing?
Yeah.
Well, there's a lot going on.
You can't really like, you know, not going on.
Not going on.
Uh-huh.
You know.
Oh, we'll get to it.
You're just going to, you know, the whole country?
Honestly, that's, I feel like you knowing is the way to do it nowadays.
Yeah.
Populism and you knowing.
We need the Epstein files released.
Yeah, yeah.
Yeah, yeah.
Yeah, you know.
It was just a lot.
No, no, no.
We literally passed a law that says you have to release that.
Yeah.
Yeah, you did.
We did pass that.
But, you know, we got this fucking whole.
thing going on and they got nukes. We got a lot, you know. Yeah, yeah, you know. You see that guy that
went on Mario Nautfall's thing though? Yeah, yeah. CIA whistleblowers. Do we have that? Yeah, yeah.
All right, let's play some of this real quick. So this is former CIA analyst Larry Johnson.
You have to wonder if you're out, are you ever really out? But he's claiming that
Iran wants to go the North Korea route.
get a nuclear weapon with the help of a third party country,
seems to be suggesting maybe it would be Pakistan,
and then basically say,
we have one,
you can't do anything about it,
now don't fuck with us,
which,
all right,
let's give this some of that.
So Trump's telling one story.
BB's telling another story.
But in this case,
I'd say I believe Trump.
So let me tell you why I think this is true.
and this is where I'll break the news.
Pepe Escobar and I were approached by a person with access to an intelligence,
not somebody who's smart, but an actual source, intelligence source, and I'll call it West Asia.
And we were given this information last Friday.
The first point of the information was Iran is going to withdraw from the negotiations.
Check.
You hinted about this yesterday.
You told me there's something.
You're going to tell me.
No, no.
So this is it.
So number two, Iran is going to withdraw from the non-proliferation treaty.
That's great.
The NPT.
Number three.
And we have confirmed that this is from this intelligence source.
And he's not giving opinion.
That Iran will even be prepared to do.
a demonstration of a nuclear weapon that they have acquired with the assistance of the third country.
And I will not mention the country.
But it will be not for use.
It will be to demonstrate that leave us alone, like North Korea, we got a weapon now.
That's good right there.
We heard this.
This is precisely why you can't be doing operations like this and just invading everyone you don't fucking like around the world or governments that are a huge problem because you poke the bear.
And this could be total bullshit.
This could be, you know, a not former Intel guy just totally making stuff up to stir the pot or do whatever the fuck they're doing.
But you have backed these guys into a corner and effectively made it so that.
Now the regime in Iran is actually more popular than it was in all likelihood, based on all the things we're hearing out of the country there.
And you have made it a bigger problem than it would have been.
All at the behest of like, you know, a bloodthirsty guy like Netanyahu just wanting you to do it.
And it's it's absolutely crazy, absolutely crazy.
But the ties between this organization and Netanyahu obviously go away.
beyond Donald Trump. That's a whole separate conversation there, some of which we had, some of which we'll have to continue to have on that. But, you know, we've talked about, we talked last week about some of the Trump family corruption that we're seeing, like after watching four years of everyone accusing the Biden family, correctly so, of corruption, it's like the same people accusing and are doing the same thing on their end. For sure. At an even larger scale, it seems like, to me. And it's not even fun. They're not even doing
crack. They're just
just bids. Just like insider trading
just boring bids. Oil futures.
You know, but
at the middle of that is Jared Kushner, who has also been
at the middle of these Iran negotiations.
Now, if you remember,
at the end of Donald Trump's first
administration, Ivanka
Trump and Jared Kushner
put out like a statement
saying they were backing away from
political life. And this was
interesting because at the time of
Ivanka was looking like, you know, being groomed to be the rising star, you know, politically speaking,
potentially have some future interests in running for office and things like that. So when she was like,
yo, we're out on this. It's like, hmm. Then she and her husband, Jared Kushner, launch in
2021 Affinity Partners. And we're going to talk about affinity in a minute. But that is effectively
call it their investment vehicle, though they found an interesting way to classify that.
every arrival is a statement, and nothing says it better than this.
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Find your rhythm across a seamless 33-inch display and an immersive 19-speaker AKG surround audio system.
This city demands agility, and Optic delivers with precision to make every drive extraordinary.
Let's take the Cadillac.
Find out more at Cadillac Canada.ca.
Luxury sales claim based on S&P Global Mobility Canadian New Vehicle Total Registrations for calendar year 2025 for the Cadillac definition of luxury.
And for the next four years, obviously her father is not in office, but then he begins to run for office and makes it clear he's doing that, you know, about midway through Biden's term somewhere in there.
Yeah.
And they're not really involved.
So it's like, okay, they said they're not going to be involved.
They don't seem very involved.
But then Jared Kushner finds his way back around.
Always does.
And starts, you know, a little backroom strategizing shit.
But no, no, no.
we're not involved.
We're private business people now.
We don't do the politics stuff.
A consultant of sorts.
A consultant, if you will.
Yeah.
And then Donald Trump gets into office.
Yeah.
And here's where the issue was.
Dief, there's this country called Iran.
Yes.
And Jared Kushner does not like Iran.
Now.
So much so that he wanted to be a peace negotiator with Iran.
Oh.
Unofficial capacity.
Consultant.
Consultant.
Unpaid.
Unpaid.
Internal government employee, unpaid intern, that's right, unpaid billionaire intern, unpaid, not self-made billionaire.
Son-in-law.
Son-in-law.
Nepotism, billionaire, elite, consultant, intern, peace negotiations with nuclear power, potential nuclear power.
Lizard.
Peerspeck.
I don't know.
Which is very interesting that they would do that.
Now, let's pull up affinity partners so people can understand the depth of what these guys are doing.
Because, you know, it doesn't take much to cross the lines and see where the railroad tracks meet right here.
But this is straight off of CIAopedia.
In fact, I'm not even sure I'm going to go past just the intro right here because that's enough.
Affinity Partners is an American investment firm based in Miami,
Florida. It was formed in 2021 by Jared Kushner, Donald Trump's son-in-law, who also served as a
senior advisor during Trump's first presidency. It serves as a private investment that legally is not
subject to the same anti-money laundering and beneficial ownership reporting requirements of other
financial institutions. It is not subject to the financial reporting requirements of other
institutions, not weird at all. Hence being excluded from the definition of investment companies set under
the Investment Company Act of 1940.
The firm has a focus on investing in American and Israeli companies.
I wonder why they picked those two.
Its sources of funding are overwhelmingly from the Saudi Arabian government.
More on that in a minute.
Kushner's firm received commitments of more than $3 billion by the end of 2021
to invest in American and Israeli companies that are expanding in India, Africa,
the Middle East, and other parts of Asia.
The largest investor by some margin in the Saudi government's sovereign wealth fund,
the public investment fund, which is allocated $2 billion to the firm.
Officials who headed the public investment fund objected to investing in Kushner's firm,
but Saudi ruler Mohammed bin Salman overruled those officials.
The firm is owned by Jared Kushner and has a very light staff of approximately 20 people.
By 2024, the firm had returned no profits to its investors.
That's interesting.
The firm has been controversial due to conflicts of interest arising from Kushner
soliciting funds from Middle Eastern governments,
while also working as an envoy for the second Trump administration,
according to reporting by Bloomberg News,
investors in the firm do so with the expectation of influencing the Trump administration.
Now, actually, there's one thing, go all the way down deep to the bottom of this.
So after Donald Trump won the 2024 United States presidential election,
affinity partners owner Jared Kushner claimed in December 2024
to have raised new funds only before the election
and assured not to solicit additional money during the second term of Donald.
Trump. He also said in February 2024 that he would not join the future Trump administration.
However, Kushner backtracked from these promises and acted as negotiator for the Trump
administration and according to New York Times research acquired fresh affinity partners
investments from foreign government. So we're just breaking every rule now. We're breaking every
single rule. But at the middle of this, Muhammad bin Salman, the effective leader,
the crown prince of Saudi Arabia, influencing
convincing Jared Kushner and putting a lot of money behind this is interesting for a lot of different
reasons. So number one, it's interesting because he made major investments and overruled, which he does
regularly, to be clear, he's desperate, overruled all the other people in his circle in Saudi Arabia
who were against it after Donald Trump left office. In fact, right after he left office. This is right
after like all the hoopla around January 6 and all that. And people are like, all right, he's cooked,
whatever he's done and yet
they're putting a lot of money
into his son-in-law's fund.
I find that fascinating
because it's like,
what do you know?
Why are you doing that for someone
who is the son-in-law of someone
who's now politically over
seemingly?
Not going to be in office again.
Brand is low
at the time, but he's putting
you know, two billion to him
is not like a crazy amount of money, but you know,
it's still two billion.
He's playing ball.
He's playing ball.
And he's overruling the other people who don't want anything to do it.
So there's a power play in there.
Now, if you remember, let's go back a minute.
2018, Jamal Khashoggi, Saudi journalists operating out of America and Canada at the time, I believe, for the most part.
Correct me from wrong on that in the comments.
It's been a while.
But Jamal Khashoggi is murdered inside the Saudi consulate or embassy.
I forget if it's which of the two it is, but inside the Saudi consulate in Turkey.
Well, Dief will check it to make sure I have the term right.
The Saudi consulate.
The Saudi consulate.
There's video of Jamal Khashoggi going in and then he never leaves, but there are a bunch of private suited security guys from the Saudi government who showed up on a private jet and came in and eventually left with bags that were purported to be.
Khashoggi's body parts, like they cut him up to move them out of there, which obviously is an
international incident to say the least because Jamal Khashoggi was a dissident. He was someone who
spoke out against the Saudi royal government despite also having longstanding ties to them in the
past. And we've discussed how he was the cousin of, of Muhammad al-Fayyad, whose son was Doty Fyad.
who was the boyfriend of Princess Diana who died in the car with her.
I mean, it's just so weird.
Yeah, it's, you know.
And then after that came, like, that was with John Kiriakou where we looked that up and I was like really pumped that I had that in there somewhere in the hard drive.
But, you know, what's really also fascinating that went very under the radar, I don't know if we can pull this up deep, but Muhammad al-Fiyadh, shortly after that podcast was recorded.
In fact, I remember seeing this the day the Iran war broke out.
There was a report that Muhammad al-Fayad, who is related to Jamal Khashoggi,
and the father of Doty Fayette.
Muhammad al-Fayad, who's now deceased, is alleged to have been a major league sex trafficker.
Let's see if we can find that.
I remember seeing that.
Like, what the fuck?
So it's all very weird.
But back to Jamal Khashoggi while Dee's pulling that up, when he's killed,
this is obviously a journalist who was writing for the Washington Post at the time
owned by Jeff Bezos, an American institution, yada, yada, yada, and he was very clearly killed
on the orders of MBS so much so that they actually believe when Hoshoggi was in the
room, in the conference room where he was executed, that MBS was actually on the video screen
watching it happen. So instantly, the whole world is up in arms. This is an international crime.
this dictator needs to be removed, this, that, and the third.
And effectively what happened is Donald Trump saved him.
And Donald Trump was later quoted as saying, I saved his ass or something like that.
And he saved him partially at, or partially a whole bit, I don't know, at the request of his son-in-law, Jared Kushner, who was assisting on working on things like the Abraham Accords, which could obviously involve Saudi Arabian stuff like that.
and then MBS is just suddenly giving a lot of money
to Jared Kushner with Donald Trump leaves office.
Now, we also can't lose our dear friend, Jeffrey Epstein,
in the middle of all this.
Can we pull up the picture, Dief?
MBS and Epstein?
Where is this?
It's not in there.
Just Google.
It's going to be right there.
Epstein with MBS.
Many of you have seen this on Twitter.
They don't seem like they're friendly at all.
That's what really would,
which shocked me about this photo is, you know,
Jeffrey Epstein was supposedly friends with everyone.
They look miserable,
like they don't want to be anywhere near each other,
like they've never met each other before
and have zero appreciation, right, for each other.
Now, they look pretty chummy.
Yeah, they do look like chummy.
Jeff looks like, look at him where, is he,
is he wearing a business shirt,
or is he trying to do like the whole Saudi road thing?
He's got a business shirt because you got a...
Yeah, he does.
Okay, so he's not.
like actually like trying to out robe mug him.
Nah, nah.
Got it.
Hey, he's holding the jacket up and I mean, he's comfortable.
He's got a thumbs up.
Thumbs up?
We're lawyers.
Look, the crown prince has the arm.
He's doing the claw.
It's like bear hugging him.
Look at that.
Look at that smile on the crown prince.
It's like he just got hooked up with something that even he couldn't get.
Or are they both just like, I'm going to fuck this guy up?
Like, they're both just like, I'm going to fuck this guy over.
That could be it.
Maybe they really do hate each other.
I will fuck him up.
I'm going to fuck this guy up, man.
But again, Jared Kushner going back on his previous promises of not seeking investment.
We'll talk about the Albania investment in a second while Trump's in office,
going back on his previous promises twice, at least on record of saying he's not going to be a part of the administration.
He's now at the core of like the most important negotiation in the world at the moment.
Not doing a great job either.
I give Kushner and Steve Whitcloth an F grade on what they're doing there and everything.
But optically deep.
Optics.
Optics.
Optics not great.
Optics.
And you know where else the optics aren't great for Jared Kushner?
Albania.
Albania.
We got that video?
Yeah, let's get that.
There was a nice cookout.
There was a large family barbecue.
You do have that confirm about Muhammad al-Fa-Fa-Fi.
Oh, that's right. Okay, let me take a little tangent because I blue balls you guys.
Real quick.
Dief got it.
Muhammad al-Fayad, the former owner of Harrods and the Ritzparrids and the Ritz-Paris,
is at the center of extensive criminal investigations into sex trafficking, serial rape,
and sexual abuse spanning several decades since 2024, hundreds of women have come forward
to detail a systemic machine of abuse and exploitation operated by the billionaire before his death in 23.
The Paris Prosecutor's Office launched a formal investigation into aggravated human trafficking, prostitution, and rape.
The inquiry focuses on how young female staff at the Ritz Paris were allegedly moved to private residences and yachts for the purposes of exploitation.
Jesus Christ, man.
Crazy.
I mean, we were there.
Not then.
Not when he was alive, but like, to be clear.
For the record.
Just for the record.
Strike that comment from the record, please.
Yeah.
Just imagine, but that's what I mean.
Yeah, like even when you walk through Harrods and stuff, it's just like, wow, this place is so cool.
But you're like, oh, it's just built on.
Yeah, you don't know the underbelly.
The underbelly is crazy.
But can we get to the lovely family barbecue that I just thought this was awesome.
So the Albanian prime minister, I don't even know his name, but he was nice enough.
Like a lot of these politicians now obviously they're so closed off from the everyday people of their country.
They never invite anyone over.
I had a full barbecue at his house.
Look that.
They're video at us?
Yeah.
Fucking grills are going.
No, it's actually just his house is burning
because people threw shit at it.
So why did they throw shit at it?
They threw shit at it because there's currently a 1.4 billion,
billion with a B, Joey Deef,
dollar project happening on a remote island,
I believe, off the coast of Albania
that used to serve as some sort of fucking military.
military complex or something like that,
Dief? That's the Syrian one.
We're going to come to that in a minute.
But what was the, we pulled it up right before.
You had like the four fact checks on it?
Oh, yeah, yeah.
Yeah, let's just grab that. That was perfect.
So Ivanka Trump and Jared Kushner,
through affinity partners,
found this island off the coast of Albania,
and they want to turn it into a luxury resort,
just like Gaza. You know, that's what they're
planning to do over there. But
would you put this into Claude
to check the the yeah just to verify the the aren't great this is what we like we're verifying claims
in real time and of course the ai overlords would never lie to us right yeah dude i i hate this shit
so much he would never lie to us so come on claude's a nice guy so kushner nivanka are developing
luxury resorts on protected albanian land substantially true claud says jared kushner and ivanka
Trump are developing a $1.4 billion ultra luxury resort on Sizana Island off Albania's southern
coast and the island lies within an environmentally protected area. Albania's special
anti-corruption prosecution office has opened a probe into changes made to the status of the
Vizosha Narta, sorry for the pronunciation, protected landscape in the Zvernec area, which is home to
Flamingos, Mediterranean monk seals. I love seals probably.
And sea turtle nesting sites. The development also involved.
approximately a thousand beach villas hotel rooms and a new international airport oh they're
building an airport as well okay so this is the best part though the Albanian prime minister
friend of their show apparently as Tim Dillon would say definitely submitted a law to enable
it and this is this is marked true by clot Kushner submitted the plans weeks after
Albania's parliament changed a law allowing the government to grant construction permits
in protected areas for hotels or resorts
rated five stars or more.
That is oddly specific.
What scumbag?
Oddly specific.
Environmentally protected
for hotels and resorts
rated five stars or more.
The probe centers on whether those changes
were made to facilitate Kushner-linked investments.
Oh, I don't know.
The head of a small country with a GDP
the size of fucking New Jersey,
probably less.
I don't know.
Don't know the numbers out of my head.
Talking with the son-in-law and people.
Peace negotiator, huge air quotes there, of the sitting U.S. president about changing a law for major resorts in environmentally protected areas just so that he could cut.
I'm sure there's nothing there.
The investigator's like, you know what, let me just throw this into Claude and see if there is this.
Claude will tell me everything's fine.
Basically like the influence is for sale.
And let me be fair here.
It always has been.
We're just seeing more of this now because we have access to things.
There's things that even when they try to hide it, we'll find it.
That's where the public's at these days.
So it kind of is what it is.
But there was another part that was floating around online that seems to be overstated.
And Claude agrees with this where they talked about Israeli-linked development.
Claude marks it as partly true, but overstated as framing.
the funding source is primarily actually Gulf slash Qatari capital not Israeli, which is really interesting
because all you ever hear from like the hardcore Zionist influencers of which Jared Kushner's very
hardcore Zionist is about this guitar money, Qatar money, Qatar money, yet they're taking it.
They're like, yo, give me somebody.
Yeah, give me something.
Come on, boy.
We're getting Arab money.
I want that jet.
Come on now.
I want that jet.
It's all about the cause at the end of the day.
It's the cause.
We'll take the money.
It's that we'll kill them.
We'll fuck them over.
And that's right.
We just need, we need to further the cause.
100%.
But affinity partners largely funded by Middle Eastern State back capital,
specifically Qatar and broader Arab Gulf capital,
obviously our friends in Saudi Arabia too,
leveraging his relationships for the Abraham Accords era.
The Israeli-linked angle comes from broader Albanian-Israeli political ties.
Albania is the world's fourth largest provider of fuel.
oil to Israel, and the two countries have deepening cybersecurity and defense ties. Some left-leaning
outlets have framed Kushner's project as part of that alignment, but characterizing the resort
development itself as Israeli-length is an interpretive leap rather than a straightforward effect.
I'd actually agree with that. Hey, you know what? We'll take that, Claude. We'll take that. We'll take
that one for sure. What was the last one we have there? Now his house is burning. Oh, they're trying
to say this is this likely misleading. I didn't see this one before. So, Claude found no credible
reports of Eddie Rama's personal home being set on fire. What did happen, protesters shot
fireworks and threw petrol bombs at Prime Minister Eddie Robbins' Rama's office during an opposition
rally in February 2026. The earlier unrest was related to a separate corruption scandal involving
his deputy, not the cushion. So this wasn't about the Kushner project, but they don't like this
guy. And also, too, that could be one of those things where they're like, he's like, oh,
they destroyed my office. Could be. Like, this is your office. Could be. But when we're fact
checking in real time. Yeah, no, just spec. We got to, it's spec. We got to go with what
Claude tells us, you know? Yeah, no. That's the professional right there. Can we go back to the house,
burning right there? Yeah, let's go back to the house. Let's take a look at again. Take a look.
Take a look, see.
Wait for the next frame here
It gets better
It gets better
Here right here
Oh yeah
Look that's where the grills are
That's where the burgers are
Chuck Schumer back there
Cooking them cheeseburgers
Yeah
Nice and raw with cheese
I love my burger raw with cheese
By the way
We recorded this on Tuesday morning
So it was before Jared Kushner
Talked about meeting
With Nat
The Raw Child on a boat
Off the coast
and being told about the Albanian projects.
And now there's that, too.
A rock child literally told him to go buy this thing.
What'd you think of Mam Dani,
not marching in the Israel Day parade?
I, you know,
I don't see that it's that big of a deal.
I saw like Smotrich was there.
I just like, I don't know.
I don't know why the mayor has to get involved in these affairs.
Like, it's one of those things when even when he was on the campaign trail and like every single mayorial candidate was like, yeah, I'm going to go visit Israel.
I'm like, you're the mayor of New York City.
Right.
I understand like there's a huge diaspora and all that.
Like, totally get it.
But like, there's a huge diaspora of Chinese people with Chinatown.
There's huge diaspora of every type of person when it comes to New York.
New York City. I just don't understand how the two relate, but yeah, I don't know. I'll stay away from
that one. Yeah, I think part of it's also like, you know, obviously Montaigne's politics are
quite interesting. But when he was on the campaign trail and would be asked about this issue and
stuff, and actually, to his credit, it was one thing he would try to get to something else on most
of the time. I think he nailed it a lot of the time. Yeah. And focus on New York.
You know, you can't set, you can't have that stance and then optically go to a place where the finance minister Smotrich is openly marching and march anywhere near.
You can't do it.
You know what I mean?
And that's what's crazy to me.
You're not helping, again, the optics.
You are not helping the optics of Israel when you have.
have someone like that fly here on his own accord and march hand in hand with U.S. politicians.
This is someone who is effectively wanted by the international courts, someone who openly advocates.
Like when we talk about some of the issues in the Israeli government, I've often said,
as bad as Netanyahu is, Pengavir and Smotritz are worse.
So you have this guy here marching with all of our politicians and a bunch of people.
of people like happy while he's advocating for ethnic cleansing for ethnic cleansing and genocide
in Lebanon to say nothing of Gaza by the way at the time but like you see why this is not helpful
and like do you see why someone like mom donis can be like yeah I'm not going to go to that yeah
I fully understand that same fully fully fully understand that like you just you have to read the
fucking room you know and that is something that no one in that
government seems to do. And as a result of, you know, influence within our own government, a lot of
our guys seem to struggle with quite a bit. You know, I mean, this was, you had people from Democrats to
Republicans at that parade. Everything from Letitia James to Chuck Schuier. I saw, I saw fucking Bruce Pearl
there, former coach Auburn. You know, it's like, it's a little, it's a little lot for sure. Now,
like you said deep there's a lot of different diaspros they all have different parades and stuff
it's just interesting when it's specifically for like the other country rather than like
i don't know some sort of like pride and like heritage you know what i mean yeah well it's it's just
the simple i i was actually thinking that in my head was like the argument of like if there was a
um any other country like a puerto rican well that's not that's not a good example dominican republic
like whatever and he was there.
But they're also not in this giant war where they're, you know, committed in atrocities.
I think it's just the point that we're at war right now.
It's just not a good look.
It's not a good look.
Yeah, I agree.
I agree.
But going back to Kushner, the one that you had pulled up about the Syria situation.
This is such a textbook like tit, tat, tit, tat, bang, boom, go.
So this is, in Kushner's defense, in the buildup,
to Donald Trump's second term.
This is not while Trump was in office.
But if we go down deep, effectively,
there was actually a tweet with this.
There's another link right there.
Yeah, let me pull that up here.
Just before I get to like the nitty gritty so people understand
because this guy laid it out perfectly what this was.
All right.
So a Syrian billionaire, this is from unusual Wales.
A Syrian billionaire needed U.S. sanctions lifted
so he could cash in on a $12 billion reconstruction contract per the New York Times.
in an attempt to influence American foreign policy, he proposed a Trump-branded golf course,
cut Jared Kushner and Ivanka Trump into a multi-billion dollar real estate deal for a resort
in Albania, so this is where it emanated from, and had someone physically deliver a stone
engraved with the Trump family crest to a Republican member of Congress with instructions
to take it to the White House to get the president's attention.
Trump threw his weight behind repealing the sanctions.
They were lifted.
The contracts are moving, and the Trump family's deals are expanding.
And what I mean about where this happened before?
is that the ball on this all got rolling, as you'll see in this article, prior to Trump winning office.
That said, a lot of shit has happened in Syria since, and that has now much of that been when Trump is in office.
Because I believe Bashar al-Assad was overthrown in December 2024.
So it was after Trump was elected, but before he was officially in office.
And then obviously the cleanup crew of like trying to set up whatever happens after that, which apparently is have the country run by an al-Qaeda terrorist.
Just, you know, that happened a lot of that once Trump came in their office.
But last summer, this is from New York Times, written by Eric Lipton.
Last summer, Representative Joe Wilson, Republican in South Carolina sat in his Capitol Hill office
and enrapped attention as Middle Eastern investors laid out their plans in a video call
to develop coastal property in Syria, a cruise ship port, a polo club, a Bugatti car showroom.
We always need Bugatti, Steve.
Wherever there is opulence, we need Bugatti.
Yeah.
A world-class golf course, all in a country that had just recently been.
torn apart by civil war.
That's what you do.
When you have a bunch of people
So gross.
Killed by chemical weapons
for years and years and years and years,
ravaged across Mad Max Fury Road type conditions
with fucking hundreds of different tribes
fighting against each other
and trying to get basic sustenance for the people.
Once you overthrow the dictator
who at that point was just effectively
like a drug lord who ran only a part of the country
at the time in Basar al-Assad,
the best thing you can possibly do
to rebuild society is build a bunch of rich people resorts that all the people are not going to be
allowed into, including probably the people that even work there, and they're not going to be able to
take the leftovers from the fucking food. That's what a smart businessman does. Yeah, you get transportation,
you got Bugatti's. Right. Nature, you got the golf course. 100%. You want to switch it up. You're getting
tired of land. You want to hit sea. You got the port. Yes. And this is something that all people of low economic means.
are going to enjoy.
Yep.
You know, these are the things that when they're sitting there while they're fucking
uncle just had his head blown off because it's a Tuesday morning,
they're like, you know, this really sucks.
And I'm sorry, Uncle Fayette, you know, hate to see you go.
I'd really love to play the back nine right now.
Yeah.
This is, why did this have to happen today?
You're going to die for a Trump golf course to, you are fucking, your head is
crawling so a Trump golf course can walk and a port can run.
It's disgusting. Oh my God. It is disgusting. All right. So, nor was this everything. Back to the
article. While Muhammad al-Kayat, a powerful Syrian-born businessman, was pitching the proposal.
His brothers were winning more than 12 billion in government sponsor contracts to rebuild
a wide swath of a devastated Syrian economy. There was a hitch, though. The Kayats needed a big
favor from Congress with the support of President Trump. The permanent lifting of crippling sanctions
imposed on Syria before the fall of Bashar al-Assad in late 2024. This is when Mr. Wilson himself,
a former real estate lawyer and proponent of the sanctions repeal, offered a tactical suggestion.
I know how to get the president's attention, Mr. Wilson said.
Make it a Trump national golf course in Syria. I just love this shot. Look at that picture.
That's great. Is that not cinema? Oh my God. The only thing that would make that better if it was actually
Lindsey Graham himself with the thumbs up.
Yeah.
Wow.
Yeah, I'm not going to go through the rest of this article.
You see where this is going, though.
You see where it's going.
The tweet laid out beautifully, the full scope of what happened there.
But just use an influence, bro.
Yeah, everyone's just caking out, dude.
Caking out.
Just straight.
Caking out with the nuclear peace negotiator.
Yeah. Damn.
But you know what, in their defense, I don't know that there's anyone more qualified to do that negotiation than Jared Kushner.
Well, I just want to know how do you do the company?
How do I open a company that doesn't have to adhere to that?
That's a nice little.
That's great.
That's nice.
No 1940 Investment Act.
Yeah, I think my company, we're not going to pay taxes.
That would be a nice.
We're going to do things that look like investing.
Yeah.
But here's the catch.
It's not investing.
It's like the new David's ice cream.
It's, yeah, dude.
It's just like it's money that goes into something that we then build and later maybe some more money comes out.
Sir, I think that's, no, no, no, no, no, you don't understand.
This is totally different.
It's completely different.
This is not investing.
Yeah, 1940.
Why would we, this is 2026.
That's 2026.
That's right.
Get with it.
Yeah.
Okay.
They're just doing some.
Pure spec, bro. It's all spec.
It's not investing.
Everything is spec.
Everything is spec.
The market's spec.
It's all spec.
They're like, it's not ice cream.
It's a frozen dessert.
Yes.
Because they can't call it ice cream.
You can't call it ice cream.
You know?
Prove to me it has milk in it.
Yeah.
You can't.
Was that ice or was it water that was just brought to a way lower temperature?
Shit.
Ain't that what ice it is?
Yeah.
I'm iced up.
Don't fit you must acquit. That's all I'm saying.
Yeah. Scum.
There's there's been a bunch of deals that he's made and you know, I'll say this.
If Jared Kushner were making business deals post-Trump administration one and had legitimately fully stayed out of politics and gone his separate way with stuff, which you could never by the way, it's not even possible.
Yeah, he could never fucking prove it because he talks to his father-in-law and his.
everything, just the look is not going to matter. But let's say you could. And then he had no
involvement with this administration and you never fucking heard from him. And none of the people
he did business with ever got access to the Oval Office when Trump was back in it. Okay. All right,
fine. You're allowed to know people and leverage those connections. When the connections are
leveraged for political gain, not great. Not great. You got something up here for me,
Yeah, this is just all his deals he's been hitting.
Phoenix Holdings.
This is Jared Kushner with Affinianney Partners.
Phoenix Holdings, Israel acquired on approximately 10% stake in the Israeli Financial Service and Insurance Group in July 2024 through Affinity Partners to roughly $250 million investment investment.
It's considered Kushner's largest corporate stake acquisition to date, Saudi Arabia and the Public Investment Fund.
We mentioned that one.
United Arab Emirates and Qatar also mentioned that one.
he said you know
it's a tour of the Middle East
he's doing biz he's doing biz
it's what our boy Nico does
just goes around the Middle East and does biz
just to do business with everyone that's right
that's right so it's it's perfectly fine
but you know what would
an episode be
without something involving
our friend Palo Zam Poli
I thought you're going to say Hefe
not Hefe
I mean he's always involved no matter what
he's always involved but Palo Zampoli
The special whatever the fuck, whatever the fuck internationally of whatever the fuck for this administration, who, as we have well documented, is a former titan of the modeling industry who had a longstanding relationship with Jeffrey Epstein that could have gone in a lot of different directions, certainly pure spec, but there's a lot of allegations there.
You know, Powell Zambole is obviously still in the middle of this whole thing where he sent the mother of his child packing.
through his friends at ice by talking to the higher-ups there and saying,
I think she's got a little problem with her papers, sent her back to Brazil.
I think the sun is in America.
That I've never been totally clear on, but like, you know, she's been separated from him.
But Amanda, who we've talked about on the show multiple times before,
continues to pound the pavement here.
And she's talked in the past about how she knows where all the bodies are buried.
This is someone who came to America at a similar time shortly after, Melania Trump and has known her for a long time.
Obviously, we saw Melania Trump six weeks ago come out of nowhere and like make this statement about we must release the Epstein files.
Yeah.
For the victims and to get justice.
Yeah.
You know.
I already forgot about it.
It's like it's so funny, dude.
It all stacks up.
It all stacked.
I haven't even thought about that once.
But she comes out and says she wants justice for the victims.
Her husband Trump claims to not know that she was going to be doing that.
And it all correlates with the same week when Amanda Ungaro, who had been recently deported,
opened up a Twitter account and started saying, hey, y'all better get your shit in the line.
And so I put a link in there.
It's gone.
And I think it's because it's from her thing.
Yeah.
Yeah.
Yeah. Yeah.
Yeah, I tried pulling it up just now.
So Amanda Ungaro, Savage.
Was this the same video?
Because this is a video right here.
Yes.
Well, hold on a minute.
Play it.
It's probably just audio.
Is it?
Yeah, let me hear the audio.
For abs thing.
Okay, yeah.
Go back.
Go back.
So we are going to play this.
So Amanda Ungaro, the original video,
is she's taking a video of her recording a voice note.
It was like the fourth.
You know when you get back to back to back to back voice note?
from someone and you're like, oh shit.
They're cooking.
Right.
So it looked like the picture before was a picture of her son and she's talking with
Paulo.
And so you're going to hear it in a second.
But this is the fourth message, voice message in a row that she gives him.
And what she is claiming is that Melania Trump met Donald Trump through Jeffrey Epstein
because she was, and this is a claim, pure spec.
she was an escort allegedly
Melania of Jeffrey Epstein
but let's hear it from Amanda
Let's tell the public
You never was the one
Introduced Melania to Trump
It was Jeffrey Epstein
As she was a escort of Jeffrey Epstein
That's how she met
Donald Trump
Okay
You are like a fucking piece of
shit that
supposedly
like ask you a
favor to be in the power
with the titles
and then Melania
cover you and you cover Melania
let's be honestly
nobody's a fucking
stupid here
and I know because I was with you
20 years and you always
told me it was not you
was Jeffrey Epstein
well there you
have it. That's the claim. And that was publicly tweeted out. That's a video from Amanda.
Be very interesting if the special envoy to ambassador to whatever the fuck internationally,
former Epstein buddy who's somehow still in the administration. He was also, if you remember,
the fucking UN Oceans and whatever advisor to Dominica, which his country and previously didn't know
existed. But, you know, very interesting if that were actually a little something there.
Well, I better not run into them when I say that's what I'm saying.
Okay, I'm going to have some words.
Words, words.
Yeah, just words.
Just words.
Just fucking around.
Just words.
Jesus.
Just to be clear, for any judges, lawyers reviewing this in the future.
Just words practicing our First Amendment right.
I would like walk up to him in the street.
I'd say, hey, buddy, fuck you.
How you doing?
How you doing?
How you doing?
Get the strachia tell it.
It's great.
Get the strachia tell it.
Just like when.
And I give people the demented tour of New York and we go to Jeffrey Epstein's house.
While we are also technically holding vigil outside Howard Lutnik's house as well, because it's right there, I'm on the sidewalk.
And it's a First Amendment right to just say their neighbors, we're neighbors.
Do with that what you will.
Look at that slime nest across the street over there. Disgusting.
Yes.
And it's a full 20 steps, Steve.
Yeah, nah.
It's not six to eight steps.
It did. It's, we were like pacing it out, eyeballing it, you know, because we were across the street, but.
Well, Howard's a size 16.
That's true.
That's true.
I just imagine them wearing big clown shoes.
He was in the news again this week.
I see that?
Yeah, I see that.
Pull that.
What would an episode be also without hitting our other friend?
Old Howard Lutnik.
So, you know, they don't even try anymore.
I just want to, I do want to call this out the effort.
The effort of crime in this country used to be high.
People used to actually plot things out, check out how they would look, come up with backup plans or, you know, alibis.
Oh, you think I was here, but actually I was here.
Like there was a genuine love for the game.
And now these criminals have no love for the game.
They just do it right out in the open.
More on that in a minute.
But Howard Lutnik donated $5 million to the House GOP super PAC ahead of his Epstein deposition.
Now, this was the first time as Commerce Secretary that he has made any political donations.
Obviously, he's made many in the past.
But he just so happened when the Epstein situation blows up to find it in the goodness of his heart to reach into his wallet and give $5 million to the people who were going to be forced to question him.
Let's go down here, Dief.
I want to see, because, like, they, I believe his office responded to it.
A spokesperson for the Commerce Department told the Hill that Lutnik made this donation, quote,
in his personal capacity, just as many cabaret secretaries from both parties have done in the past.
So never makes a donation during this administration, makes one right before he has to do this testimony,
and it just was in a totally personal.
You know what?
I actually believe him.
I think it was in a personal capacity.
I think it was in a personal fucking cover your ass capacity.
But like what?
I'm just saying, Dief.
If I were an investigator at FBI.
Yeah.
Okay.
Now, FBI seems to be a pretty broken place these days and has been for a long time.
But let's assume it's only, you know, it's not the full island of Misfit toys.
And there's a few people over to know what they're doing.
I'm sure there's a few that are.
If I looked at this, I would immediately want to go.
to a judge and get a warrant to subpoena some phone records and take a look at who talked to who,
who took the donation, like who handled it, who processed it, who they talked to about it.
Yeah.
And then how much of that happened was fully processed and done before he testified publicly
to the committee and then any communications that would have happened afterwards.
I'll bet, and I, you know, pure spec, but.
I'll bet I can make a pretty fucking good.
case there for some felonies. Yeah. Well, as we see, people who commit felonies don't go to jail.
They don't really go to jail. If they're rich. Yeah, yeah, yeah, yeah. I'd go to jail. You and I,
we'd already be in prison. Jail. They would have skipped jail. They've been like 11 worth.
Like the 60-day congressional approval, it's like, they'd be like, guys, 90 days, prison for life.
See you there. That's right. That's right. But,
if you're rich and you diddle kids or hang around those who do and then cover up for them,
all good.
Let's get out of jail free.
You're going to be fine.
Everything's going to, you know, they would never, ever do that to you, which remind me,
I got to, we're not going to do this today, but there's a, there's a prison idea.
We got to look, you're going to fucking love this.
So just remind me, put a pin in that.
We will cover that in a future episode.
But like, again, the optics.
people. I look at society right now, and I've talked about this before, but I don't know that I've ever
pieced all the things we're seeing together right now. I look at society and cannot help
but see one of the key patterns of what they study in the fall of room. And one of the many
key patterns, like the important core five, I would say, is the separation of the elites from the
people, which is a very cap and obvious statement. That's the basis of what we fucking talk about
every week. Of course, we know it's happening. But the degree to which it is happening in this now
turning 250-year-old country right now is beyond anything that you could have done in parity.
You have a middle class that has been legislated away since effectively at least early 1980s,
but you can chart it back to technically 1971 or 72 when we came off the gold standard.
And before that go all the way back to the 30s when gold bullion was,
effectively repriced by FDR and then go back to 1913 when they created the Federal Reserve
and were legally allowed to operate and inflate away your money. But that's neither here nor there.
We have seen the V happen to where as society has quote unquote progressed, the people that
built America, which is the middle class of this country, have slowly been more and more
separated in what their purchasing power used to be, which means exactly what it sounds like.
Middle class is becoming lower class. We have seen in that same timeline, like again, let me focus
on just the 1980s to now, which is where I'm thinking of that famous chart that shows the V of
income disparity, but we have seen a college system become totally bloated and create social
accepted policies to where people when they're 17 years old have to sign up for hundreds of
thousands of dollars of debt in some cases while they go drink, smoke, and fuck for four years.
And at many of these universities don't even get the education that you used to get at universities.
And by that, I mean things that are going to actually prepare you to go get a job and have good
earning potential in the real world.
In fact, even people that become doctors and lawyers then got to do fucking five, six, seven,
eight more years of school and take on hundreds of thousands of dollars of more debt.
And they're behind for the first 20 years of their career.
We have watched the wealthiest people in society get access to unlimited sums due to the exponential nature of making society more technological and creating nodes around the world.
And of course, I'm talking about the internet and the opportunities that that affords.
At the same time, these people, while they effectively become countries, which we've discussed many times because they have such purchasing power that they can buy literally.
countries around the world if they need to and use their influences as they need. You know,
these people then suddenly become so separated from reality that they're separated even from the rich
people. I said that last week when we were talking about Peter Thiel. They don't even know like what
the $20 million business owners like. Like that's a peasant to them. And that's someone who's
effectively extremely wealthy. By the way, when you're talking about these billionaires,
these people are setting up systems now to where, you know, we see all this stuff that
It's like fucking transhumanist.
We're going to talk about the data centers in a minute some more.
But like we see all the things to where they are talking about humanity like it has an end date on it, but not for them.
We are also watching them not even, as I said a few minutes ago, put effort into covering up horrific crimes and secret societies, whatever you want to say, all the above.
Not even put effort into it and continue to feed all of us.
slop and ask us to say thank you for giving it to us. You know, we are watching things like the stock
market become divorced from reality. Why is that? Not to be clear, the stock market eventually
will crash. That is just mathematically like how things have to happen. I couldn't fucking tell you
when. If I did, I'd be rich. But like, the reason it has not crashed at this point. And while
some people in this country are paying as much as six or seven dollars a gallon for fucking
gas while they can't pay their bills because $100 is worth, you know, what fucking $20 was worth.
Yeah, literally.
You know, not so long ago.
Even though that's happening and everyday Americans are being affected by this and not able to
live out what was said to be the American dream like past generations have enjoyed,
the reason the stock market doesn't follow it is because those people are completely
voiceless in the game at this point.
So think of it this way.
Pre 2008, before the financial crisis, let's be real.
It's like Main Street was still not a large percentage of the stock market.
I don't have the estimated numbers in front of me, but it's not like, you know, Billy Bob and Joe and on their, and their 401k and all those people around the country put together controlled 90% of the stock market or something like that.
There was still a large group of wealthy people that obviously that's who invests in the stock market.
therefore controls a larger sum.
Maybe you can get some numbers on that,
Dief, just so I can check that.
Like, what was the,
what percentage of the stock market
was owned by people
worth less than a million dollars
prior to 2008?
After the financial crisis, though,
while Dief is looking that up,
the people who really lost
were your aunt,
who was 58 years old at the time
with a 401k that had
$700,000 in it and suddenly went to fucking $100,000, $200,000 and she sold everything because it was
her whole life savings and sold at the bottom, got out, stock market started to recover and
couldn't get back in, had a smaller nut to deal with to actually invest to make money on it and
effectively is now working at Walmart all these years later because she couldn't retire.
That's who lost. You know who didn't lose? People who make millions
of dollars who yeah it was painful when they went down 59% with the S&P but they're smart enough
and have the luxury of having enough of a cushion to be able to put money back to work such that
when the stock market was with the help of legislation recovered big air quotes from 2009 to
2010 to 2011 12 13 14 14 15 16 they're the ones making money on their money I used to have this
quote that I would talk to people on Wall Street about, like when I, when I worked on Wall Street,
I would talk with clients about this, but I used to say, it takes money to make money.
This is a very cap-and-obvious statement.
But I'd say, if I have $100 and I lose 50%, how much do I have?
And they'd say, $50.
And I'd say, now, how much do I have to make percentage-wise to get back to 100?
People would look up and they'd be like, 100%.
And so I always said, you're hurt more on the downside.
Like, you're hurt proportionally more on the downside than you are helped on the upside.
So if you, the more money you have, the more you can actually deal with that.
The less money you have, the less you can deal with it.
So today, the reason the stock market, in my opinion, pure spec, continues to go up
is because the percentage of it that is owned by extremely wealthy people,
I'm not even just
including the major technocrats,
you know, the fucking trillionaires and stuff like that.
I'm including people that are just very wealthy
is exorbit.
Yeah, here we go.
Deep guy is up.
Prior to the 2008 financial crisis,
individuals worth less than a million dollars
owned approximately 11 to 19%
of the total value of the U.S. stock market,
already low.
Where is it today?
Let's see.
It was already low.
Think about that.
Think about what that is.
Today, it's down to just 7 to 11%.
And I would bet on it being close to 7 there.
And maybe even lower at this point.
Because right now, the people who can't make as many contributions to their 401K
are the people who are driving to work and it now costs double what it did three months ago.
They're not investing right now.
you know who is investing the people who own private jets we have created this society to the
point that you know when they then get caught doing bad shit and then get rewarded tom barak was
just given a fucking promotion again yesterday he's now in addition to being the ambassador to
fucking turkey he is now something i didn't even look he's he's handling shit with rebuilding
syria and iraq and dealing with their governments this is a guy who was saying who was saying
to Jeffrey Epstein in emails with him. Jeffrey Epstein was saying, send me a picture of you and
child. Make me smile in fucking 2015. They're laughing in your face. And we sit at home and we do this.
Oh, let me send a mean tweet about that. You know, I'm guilty of it too. At some point
when people
legit can't put food on their table
and when
surveillance states have been put into place
and
God forbid
you know
dystopian policies take hold
something tells me
people are going to get off these
just sitting in the house
and
you know
you could see a reckoning of sorts
and I just see the patterns of that
perfectly formed at this point
I didn't even talk about
the billionaire bunker
they're building. We've talked about that a bunch, but like,
what does that tell you?
What does Peter Thiel
moving out of the country fucking tell you?
He just funded, you just set up this whole
previous administration, runs
the
spying surveillance arm
effectively from the private sector.
Bigger quotes there for the CIA
and other governments around the world.
Bilderberg guy.
Like, you know, you see these things
and you got to,
you got to wonder.
As Pete, when inflation's
it,
10, 11, 12%, people are pissed and it hurts, and they lose more and more over time.
Inflation gets a fucking 40%.
Like, we see it with gas prices, right?
We see that, but it's not properly stated as inflation.
That's a supply and demand issue right there.
But like when the downstream economy, bur, burr, burr, go's the money printer and everything,
and inflation starts getting out of control to a point in no return, that, and I'm not saying this is what people should do,
I'm saying this analytically for, you know, the people checking out this content to ensure that it is not requesting actions to be taken.
I'm just saying this from an analysis standpoint.
That is when people get into the fucking streets.
And I am starting to wonder if it's going there.
Yeah.
All right, real quick, I got to go to the bathroom.
We're going to come back and talk about some data centers.
All right, we're back.
Dave, you see they got a new hate term that just dropped.
For the data centers, like they got their own hate term.
What's that?
From the government.
So this is from Wired.
Among the documents in the tranche obtained by Wired is a New York intelligence and counterterrorism bureau report
that warns of widespread upheaval in response to AI adoption.
They're warning about it.
Can't have upheaval from the people upset about being surveilled away.
A particular note is a novel term for what the Bureau purports to be an emerging extremism threat.
The chaotic atmosphere that may result from emergent AI tech.
technology in the next five years may fuel large-scale protests that evolve that devolve into
civil unrest and anti-tech violent extremist activity, especially in large urban areas such as
New York City. The report reads the term anti-tech violent extremism does not appear in any publicly
available DHS or FBI domestic extremism reports or guides and represents a novel grouping of a wide
range of ideologies under a single extremist category. So don't hate the AI because that
will be a hate crime. They're already setting, set in the bar there. But there is a lot of noise
going on, obviously, with the data centers. We discussed it in an episode, maybe about four episodes
ago when some of the initial protests were happening in Utah and New Jersey in response to a couple
of the proposed data centers, including Kevin O'Leary's proposed 62 square mile data center out in
Utah, more on that and him in a minute. But there is a lot here.
that is exactly what it looks like. Because as we explained, you are effectively setting up these
privately funded data centers that are getting a bunch of tax breaks from state governments competing
to get them, who are coming in, destroying in many cases natural land and an environment to do this
and ruining the aesthetic of places, taking away all the electricity. I saw Nevada just had a problem
with people are going to lose access to 75% of their electricity because of a new data center.
49,000 people are going to lose 75% access to electricity because a new data center is coming in
and effectively it's like winning out the contracts there.
We are going to see also these places are noisy as well.
So it's not great for quality of life.
And they furthermore don't really create jobs because it's just a hub for a bunch of computers to sit
because AI costs so goddamn much.
More on that in a minute as well,
because they've been lying to you
about the whole cost-cutting nature of AI,
not that we couldn't see that coming.
But on top of all of it,
these are going to be centers
that are effectively rented out
by call it the Big Five, right?
The Big Five tech companies,
the oligopoly of the surveillance state
that is run by the very technocrats
I just discussed who, of course,
in no way, are interested
in your data or controlling
your life or telling you what to do or influencing a future to where there could be population
controlled because they just think there's too many of you and me. That would never happen.
Never happened. But they're running into a big issue. They're running into a big issue here.
I have a lot we can go to. There's stuff we can leave for future episodes because there's a ton of
material. But one of the things that's happening, maybe we could start with Ricardo's tweet
on this deep before I get to this article. But one of the things that's happening is they're starting
to realize that.
the actual cost of running AI once it's done at scale is way more than it would cost to have
fucking, I don't know, human employees in there doing the job.
Not to say, if we're looking at this logically, that AI can't therefore allow things to
happen much faster and be an incredible tool and all that.
Not saying that.
But when you overemphasize it and just try to make it handle everything, it turns out you can't
even run a business.
So Microsoft, as Ricardo pointed out here in a tweet, I know Deef is just...
No, I just...
I'm only going to say, and then I won't say it again, because it's like three episodes in a row,
we got to get you back on Red Rise.
I just had the crazy...
I know.
I know.
That just made me realize and think something, and it's like, fuck.
I got to get into his writing.
Yeah.
It's great writing.
We just got to get you through the first book because he's a new writer.
But after his first book, he gets it down.
But, oh, dude.
I think his writing is great.
It's just, it's different.
Yeah.
So it's like one of those things, like especially when I read fiction.
We're talking about the book, Red Rising, by the way.
But when I read fiction especially, I need, I need to be like really immersed in like the tone of it.
Yeah.
Well, because it's all just intercontinent.
You're doing like first person.
But yeah, anyway, not to.
Yeah, a lot of real life meets the.
Yeah.
Yeah.
It's making me go fuck.
But Ricardo says.
says Microsoft just banned its own engineers from using AI. The tool was costing literally more than the humans it was supposed to replace.
They lied to you about AI adoption and now the whole narrative is blowing up. Microsoft gave thousands of engineers access to Claude Codododd codes six months ago and encouraged them to use it.
Engineers loved it and adoption exploded, but then the invoices arrived.
Token-based pricing means every query, every code review, every debugging session costs money.
Because by the way, what are these data centers doing?
They're running powerful chips that use a lot of water.
I didn't mention that.
That's another thing I should have had in that list.
And are basically overheated all the time and cost money to fucking process.
Remember the whole thing when blockchain was becoming the big thing?
Yeah.
In 2017 and people were talking about it.
And they would build these fucking mining farms that just took up so much space and so much energy and resources.
And that was why it wasn't monetarily worth it to do it.
They're doing that what seems like at a way bigger scale.
I mean, essentially, yeah, a lot of the actual hardware that makes up these machines is the same shit.
Yes.
And by the way, and it's worth being noted.
The same people who were selling not climate change were selling climate crisis to you,
meaning like it's all going to be gone in like five minutes and you all need to fucking drink out of paper straws or we're all going to die.
Don't mind me.
I'm on my private chat while I'm telling you this.
That's besides the point.
All those same people are the people pushing for this shit now, which is some of the most
climate unfriendly, like, it's some of the most climate unfriendly shit you could possibly
build.
Just even for the reasons I've laid out so far.
And that is the novice top level 30,000 fucking put view in the air of what these things are
doing.
Anyway, back to this tweet from Ricardo.
Token-based price means every query, every code review, every debug, every debunker.
logging session costs money at scale across 100,000 engineers. The numbers become so large that Microsoft
issued an internal order to cancel nearly all Claude Code licenses by the end of June and force
everyone onto their own cheaper tool instead. The company that invested $5 billion in Anthropic just told
its own people to stop using Anthropics product because it costs too much. Uber, I'm not going to
read all that, but Uber also went through something similar. And they even had these at some of these
companies, they had these like terms where they'd talk about like token maxing and shit.
Like that's how far fucking the clavicular sciop has reached. You got companies using the maxing
term and shit where they would reward, they would have competitions for their guys to use to
use as much AI as possible and the ones who did one. But in reality, they were literally just
drowning their bank accounts. Now, I talked about the stock market not being related to reality.
because of the people invested in it.
And that's absolutely right.
I also did say that eventually the stock market does crash.
And we've looked at AI, not the product itself, but AI is like this fucking just stamp
the word AI on it, AI on it and call it a day term as a bubble because of things like this.
Because effectively all of these CEOs, including Satya Nardella, who's the head of, I think
that's how you say his name, the head of Microsoft, have been on these quarterly calls.
with investors for the last couple years effectively and have been telling them repeatedly
that AI is going to allow them to fire a ton of people and save money when in reality
AI is actually costing them more money and now they're learning so they have I'm not saying
they lied about that they're now they on on the chart of life where it's fuck around and find out
they are at the finding out part like they did fuck around they have been firing people they have
been firing up the AI and now they have found out that this is not great.
And so when that happens, you have what's called the oh shit moment where you sit on
quarterly calls with investors and say, yeah, remember how we told you we were going to save like
a fuck ton of money?
Yes, everyone was going to be enslaved because they'll no longer have a job or have any
meeting in their life and they'll have to be little pods like a black mirror episode.
Yes, don't worry about that.
You, the rich people, you're going to
to make a lot of money on this because we're saving money. Well, turns out we kind of,
we kind of overestimated. Turns out that this shit costs a lot of money. So, in fact, we need
you to invest more money. We're going to give you some more shares now. Oh, no, no, don't, don't drive
down the price. We need to get more supply out there because we can't even afford this shit. And oh,
yeah, all those people we rode off and said, go home and never have a job again. We're going to
need some of them to come back in and actually maybe use that college degree they had. We're watching
happen in real time right here. Yeah, I mean, some of these, it says for the Uber one over here that
some of these users were burning two grand a month. Yeah, those 100,000 pods that we have,
they're burning 2K a month. We could have just had 500 humans. Yeah. And actually, and actually get it
done. Uh, you know, and Kevin O'Leary, I got to do it. I was, I wasn't, I was very direct last
time, but I was at least still somewhat diplomatic, because we had talked to him before any of this
happened. We had talked about bringing them on the show, but like, the attitude. Well, they haven't,
they haven't gone back to. Yeah. I don't think they're gonna. They were very, they were very
receptive at first, and they just suddenly have, um, just went out radio. I think that ship is sailing
as, as we speak. And you know what? I don't care. It's, it's, it's, this is way more important.
Kevin O'Leary, again, here's that word, Dief. Optically
speaking, we should start calling this optics class where we just give free optics, pure optics,
free optics advice to all the elites out there to be able to more optically efficiently do their
deeds, whatever that is. But like, this is a guy who we played a video a few weeks ago when he first
did an interview like in his car about this where he was just so cold and monotone responding to the
upheaval in Utah. And just like, yeah, I know it's going to be a great.
business opportunity and all that and you know people will just have to get behind it is what it is
like again doesn't give a fuck about you then he goes on tucker and shout out to tucker i saw
some of this really holding his feet to the fire i want to play one segment of it don't not that one
the tucker one yeah perfect i want to play one segment of this don't make it full screen deep just so
it's a full reaction video fair use for youtube policies and all that but listen to this back and
forth where Kevin O'Leary is pressing on and on about the tax breaks element of it.
And Tucker Carlson is correctly continuing to hound him about how this is beneficial to the
taxpayers there who will continue paying taxes while Kevin O'Leary at least doesn't have to pay
some of the required taxes because just as a refresher for people who didn't see our previous
episode talking about this, Kevin O'Leary is one of the lead investors.
a major project down in Utah. I believe he's working on some other ones as well, where he wants
to build these centers and then effectively rent them out to the big five companies, to Googles of
the world and stuff like that, Amazon's to be able to operate in these places and run their AI.
But let's play this video right here.
Put it on screen, you said?
You have it on screen, but just small. Yeah, yeah, not full screen.
Why taxpayers should have to pay for this.
Oh, yeah, sorry, pause. If it's a private.
You got to turn this one down because the audio's fucked up.
I don't know what they did with the audio, but yeah, yeah, do that.
business and your tenants are some of the richest companies in the world. Why would
taxpayers be required as they now are to subsidize this?
They don't. They don't necessarily have to do that. They just won't win any contracts.
It's a competition.
But why are you getting tax breaks, is my question.
You go back and you say, what incentives can you give us to invest $15 billion in the first
1.5 gigs? That's what it takes. I have to go raise 15.
billion dollars.
I'm so sorry.
But anyone who starts a business, why should taxpayers have to pony up for that?
They don't.
Of course they do.
If you're getting a tax break and they're not, they're making up the difference.
There's a state budget.
That's no problem.
That's no problem.
I can build it in Texas.
I can build it in Jacksonville, Mississippi.
But why, if it's such a good business, would you be asking taxpayers to help pay for it
without giving them equity in the company?
Are you giving taxpayers shares?
No, fuck them.
No, the investors get the shares.
But here's why they would be.
do it. Why would the taxpayers have to? I mean, if you want to start a business, why, why am I as a
taxpayer forced to pay for your business? I don't, I don't get it. Well, let's forget about
data centers. Let's go any manufacturing. Let's say you're going to build an aluminum sheet
manufacturing facility. You go to the government there and say, look, this is a huge Kappex
expenditure. I'm going to hire 2,000 people. I'm going to build communities.
I'm going to pay a lot of tax on the profits.
Take your fucking community center.
There you go.
And I'm going to hire all these people who they will also pay tax.
And we will build a school.
And they're not hiring a lot of people with this.
And and and and and what can you give me to incentivize me versus the state right beside you,
which is willing to give me an incentive package.
No, no, I understand that you're, you're gaming a system in place.
You didn't come up with this.
But I'm just trying to understand.
So the trade typically is.
jobs, okay, but these projects don't actually...
Well, no, no, it's also jobs and taxes because you're going to...
And taxes, but then you're getting a tax break, so that doesn't really make any sense.
It's only up front you're... Tucker, welcome to America, buddy. This is how it's gone on for 200
years. I don't know, lots of bad things go on for a while. I'm just, but I think at some point
it's worth assessing, like, why are we doing this? So on the job... You are fair to do that?
You're doing it because there's a competition. Well, I run a, I run a, I run a
couple of businesses and we're not getting any tax breaks. I think they're every bit as virtuous
as data centers. I like that. That was pretty good.
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solution that works for you, not against you. SAP Grow is built with AI embedded at its core,
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ERP for any size business.
But like, another example that comes to mine before I go into the actual details of this
where you'll see very wealthy people looking for a tax break from a state is when
professional sports teams will be trying to build a stadium.
Here's a major difference here.
Professional sports teams in addition to not having the margins of something like this,
They opt because, you know, they pay contracts out to the best athletes in the world that are worth hundreds of millions of dollars.
You know, there's massive expenses to run that business.
A lot of the guys who own those teams will tell you it's more of a hobby.
And then they hope over time, like if they sell it after 20 years, they actually do get a return on it.
And they've been able to do that, especially over the last 10 years.
But like, I remember Mickey Erison, the owner of the Heat was like, you know, this is a hobby.
This is not where I go to make the money.
It's a team.
and, you know, we're trying to win championships
and you're paying out a lot of money to do that.
And there's something to be said for them.
The reason that they will go argue
in highly contested hearings, by the way,
with local state legislators for tax breaks
is because in that case,
they're also providing a product
that is effectively owned by the people around there.
So, yes, fans don't get a stake in the team,
but like it's a culture, it's a way of life.
Like people go to the games.
they create memories there they live and die for their teams especially like i'm from south jersey by
philadelphia like we live and die for our sports teams so i could see giving not ridiculous but
some tax breaks to be able to build for example a state of the art stadium for fans in the entire
region to enjoy cool no one's going to get to enjoy these data centers it's just going to
fucking take away from their life.
No one's going to, they're not creating jobs with it.
He talks about like building schools and shit.
I haven't seen that in the investment proposal.
Maybe they're looking to do that.
Why not just let the fucking, and I'm not one to advocate for the state actually spending
their tax money correctly or the federal government, but just for argument's sake here,
why not let the government figure that out instead of asking for the tax break?
You know what I mean?
And again, they handle that very terribly.
But like the way he's trying to use that is like a fucking shiny object of like something
he's going to do just so that he can save a lot of money means he's going to try to build a school
that if he got on that part of the tax break a 20 billion a 20 million dollar tax break he's going to
build a 10 million dollar school because that's how people like that think you understand so
i'm just saying like the explaining away well it's competition we'll just go state to state or whatever
you're taking away you're you're taking away the rights of people there to also have their say
while also asking to not pay the same taxes that they do
when you are a billion times wealthier.
Kevin O'Leary needs more money
like he needs a six hole in his head.
He does it for the love of the game at this point.
There's nothing wrong with doing it for the love of the game,
but you don't have to be such a fucking snake about it.
And then he came out just,
I don't even want to play this video, D,
if I just want to show this,
this was really, like, scroll down a little bit.
This angle he chose to do with this video.
Can you make it full screen just so people can see it?
Like this is in his house, I guess, and he releases this video, I think himself, where he's got like a side camera profile where he's like fully suited but just went to like a manny petty or something.
I mean, listen, I'm a big flip flops connoisseauer myself.
I wear him all the time.
But like the pink flip flops with the full suit to purposely show people this and then the weird fuck.
Like what is he do?
Is he trying to be funny?
Is he trying to be a troll?
I may be.
I'd love to ask him.
Either a troll or he just doesn't give a shit.
Like it's just that like, yeah, I don't give a shit.
Maybe a combination of both.
But if you come on the show, we can talk about it.
That said, he puts out this video where he's telling people that he's run this major investigation
that shows that almost all the backlash against the data centers is being paid for by foreign operations who are looking to lobby.
against these data centers happening.
And they're looking to lobby against it because he points it all back to China and the AI
race or something.
And let me devil's advocate argument for Kevin in a second, for a second.
Yes, there are, there is a serious race between China and the United States, the two world's
largest GDPs for AI.
I've talked about this since literally the beginning of my show, episode six, talking about
the Kai Fu Lee book about AI superpowers.
back in 2018 where he laid this out and what this was looking like. And yes, there's a competitive
nature there where you want to keep up. But don't then use that as a Trojan horse to say,
we're going to, therefore, we need to compete with China to build all these AI data centers
and be able to innovate AI. But the same companies that you don't trust who already run your life
and control what you do want to get more control. And those are the people we're going to be leasing to
and by the way
I'm also not going to consult with you
on what we're doing here
because you're not even being hired
to go work into these places either
right so
to then say
that all the people opposing this
are simply foreign funded
and none of it's real
I'd like to hear from you guys in the comments
if you oppose the data centers
just on a basis of like
hey this is a little bit too much too fast
just even start
there. Not even like full oppose it moving forward completely. They should never be made.
But just like a pose like, hey, seems a little much that we're building 62 square mile
fucking places for Amazon and Google to surveil all of us. Like if you oppose that,
say something in the comments. I oppose the data centers as they are whatever. I don't know,
come up with something more creative than that. And I guarantee you many of the comments we're
going to see on that and on similar videos not made by me where other people are talking about this,
go across the internet. Many of them are not.
not bought comments. Many of them are real fucking people who are concerned about this just like me and
you. I know we're going to have pomp in here in a couple weeks who wants to make the argument
for some of this. I'm friends with Anthony Pompliano. Anthony Pompiliano. I'm curious about what he
has to say there. But like, you know, we're going to have an interesting back and forth because
I could see needing to build infrastructure around AI for the basis of making sure that
we win the war on it versus China. Okay.
Okay. At top level, okay.
Who's winning the war, though?
Who are the people winning the war on our behalf?
What have they demonstrated in the past that they are going to use the power they gain from winning that war for good?
These are rhetorical questions and questions that they don't have a very good answer for.
And I have every right to ask those questions.
And now you even got the fucking scientist from Jurassic Park telling everyone to put one in their backyard.
Do you see that?
the Nvidia guy
Oh no
Jensen Juan
Oh with the
the mini data centers
That you can install
Yeah yeah
Can you pull that up
Yeah
So invidia
Did guy Jensen Wong
Who
Again
That you can't tell me
He's not the scientist
From Jurassic Park
And that shit did not end well
But he's talking about
Navidia
Potentially paying homeowners
$1,000 a month
To host a mini AI
Data Center in their backyard
From the street
It would look like a normal AC unit
inside 16 Blackwell
GPUs running at full capacity
the AI boom is moving into the suburbs
couldn't see how that could possibly go wrong
it's bad enough you know we already got to like
look into the camera here and say hey guys how you doing
right we're already being the let's not
let's not kid ourselves we're already being surveilled like crazy
no one's saying we're not but like
the 1984 big brother just in your face
like yes in fact we'll even pay you
we'll pay you to control you.
That's the brave new world.
We're like electing it for all the pleasure.
Oh, I'm going to be able to stream even faster now
and I'll have a cloud built into my house.
Like it's just, we're just like, give me that shit.
Yeah.
I want to eat the cupcake.
Yeah, I want the fucking cupcake.
But the guy, the former high-level Google executive worked on AI mogaw.
Dot, who I think would be a great podcast.
He went on Diary of a CEO's show with Stephen Bartlett, I think like last week, and was talking about a documentary he has coming out or something on all this.
And apparently in the documentary, and I have not seen this, but what was said is that Sam Altman said directly into the camera, quote, I suspect that AI is likely going to end humanity.
but we're going to create a lot of interesting companies in the process.
These are the people who are going to be the tenants of these data centers.
We haven't gone in on Sam Altman yet, we're going to.
But that's a full-blown sociopaths.
That is not something that a normal functioning human being
with any regard for human life would ever say
given his position as a joke.
If Dief and I joked about that,
okay, we're fucking, you know,
we're two guys from Jersey.
He's running open AI.
He started chat GPT.
Okay?
That's how these people think of this stuff.
And those are the people that Kevin O'Leary
is seeking to get tax breaks
to be able to usher in.
Those are the people that are being used
to win the war against China.
Nobody wins a war against a country
if there's no countries left afterwards.
Just saying.
You go to Mars.
You go to Mars.
You get off the planet.
You get off the X, Steve.
How many times we talk about that?
You get off the X.
Yep.
Can you pull up the Larry Fink one?
I can't go without playing that.
Larry Fink, the CEO of BlackRock,
which certainly has all of your best interests
and your future in mind.
Of course, is out here.
Shilling for data centers.
Next to Texas is good.
Governor, Greg Abbott, who, you know, and I actually know a lot less than this, maybe my friends from Texas can weigh in on the comments here.
But, Defe, Texas is one of, I believe, like four states that has some potential water problems.
Oh, yeah.
Water shortage problems.
Sure.
Right?
And, you know, they're just lining up for potential data center support in the future.
It's not going to use any water at all.
You know, these machines, they never heat.
They don't need water.
but Larry Fink admitted that trillions of dollars being used to build data centers and power grids
will come from ordinary people's savings accounts and pension funds and says it is mandatory.
Well, I'm really glad Larry Fink speaks for all of you and me.
In fact, I remember when we all went to the ballot box and fucking elected him.
Oh, right, that was for when he was taken over Ukraine after the war.
Oh, no, we didn't elect him for that either.
That's right.
That's right.
Anyway, he says, America needs trillions in AI infrastructure spending
and that people will be forced to invest in it.
Much of this will come from savings accounts
and pension accounts.
Direct quotes.
Let's hear it straight from his mouth.
And if we don't invest in it,
China will be the global leader of this.
And so to me, it's not whether,
this is a must.
And if you think about how that translates,
it translates into a more dynamic economy,
we need the United States economy
to grow it over over 2%.
We need the U.S. economy to grow at 3%
especially with the growing
deficits the federal government has.
And so much
of this money, not just the product,
he's going to be coming from the private sector.
From savings accounts, from pension
accounts, from insurance companies,
on and on and on.
The whole world.
Okay.
All right. So, last thing,
the article from the Guardian
that we archived.com. I asked
Can you go to the bottom of that deep?
Because what did Larry Fink say there?
He pointed out the war against China for AI.
Well, part of winning a war also means like actually fighting it in a monetarily efficient way, if you will.
And for all of my criticisms of China's government, of which they're all well-founded,
they have found a way to, it was the one you archive.
I asked right before.
I have.
I got it right here.
So they have found a way to effectively get around some of the rising costs.
I'm going to read the end of this article right here and then explain a little bit of it so you
understand.
But Stolar raises something else to squiding.
It shouldn't be a shock, he says, because much of this was quite predictable.
Much of this referring to the inflated cost of AI was quite predictable 18 months ago when we
could see what China was doing.
It was building very competitive but highly tuned AI models and making them free for anyone to use.
The AI labs did not need to monetize them directly.
Some other industrial sector could choose to use it or not.
China's courts, get this, now essentially prohibit making human employees redundant for an AI replacement.
They reckon that what little productivity gained the AI may yield is not worth the damage to social cohesion.
The China issue has aired many times in this column.
we have been building the wrong AI.
It turns out the Chinese approach is better for producing everything except market capitalization,
snark Stoller.
You could almost say that China has hacked the West economic system by weaponizing the greed and
stupidity of our venture capitalists and our pundit class and turning it against us.
This isn't an argument for communism or anything, but effectively what they're saying is that
by making AI a utility that allows it to be used and built upon and also legislating against
people being able to be fired at scale and sent home with no meaning strictly because of AI.
They have allowed the growth of the sector itself while not having major companies go to
the fucking New York Stock Exchange and just ring the bell for the highest possible fucking,
you know, market capitalization they can get so they can all become trillionaires and go to
Mars.
Seems like a better system to me in this respect.
Deep, you got to go to Europe.
Yeah, I wonder what they're going to be doing over in Rome about AI.
It's going to be some old guy named Mario who's like,
artificial intelligence.
We know our food is organic.
That's not what I'm talking about.
Where's the data center?
Where's the data center, sir?
Is it underneath?
Is it in the forum?
It's under the Vatican.
All right, on that note, everybody else, you know what it is?
Give it a thought.
Get back to me.
Make sure you're subscribed.
Thank you so much for watching this.
Peace, peace.
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