PBD Podcast - Adam Sosnick, Tom Ellsworth & Vincent Oshana | PBD Podcast | Ep. 181

Episode Date: August 31, 2022

In this episode, Patrick Bet-David is joined by Tom Ellsworth, Vicent Oshana, and Adam Sosnick to discuss Mariah Carey calling out Megan Merkel, Bill Clinton, Joe Rogan, Gavin Newsom and much more... Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Text: PODCAST to 310.340.1132 to get added to the distribution list Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

I One of those people CNN we're gonna be lost. All right, so this episode 181 Tom trying to be a comedian folks forgive us but so it's been an interesting morning so far you know we've been talking about who's had who which talent was the best at acapella Vinny tried to hit an Ariana Grande you kind of hit a little bit, right? From her being live with the weekend. We can last you at the VMA. Give us a little, yeah, there it is. Okay. That's a fashion.

Tom, how beautiful is that? What a way to wake up. Tom was quiet. Oh my god. Maria Carrivat. Gang, we decided today to... There are dogs barking out front. We decided today to do podcasts for a couple of reasons because if we don't do today, we've been not doing it for while consistently because of travel, but today we're just gonna hit some of the stories. Yesterday we had Andy with the Manteon,

which was phenomenal, we had a great time with him, but today we're gonna cover some stories. Let me tell you what stories we're gonna be talking about. Number, here's a story about billboards in San Francisco and la warning people against moving the taxes by invoking mass shooting i can't wait to talk about that story right there with you

times got a bunch of stuff to say about student loan uh... what forgiveness with uh... joe biden some commentary on what uh... former clinton advisers have to say slamming biden student loan bernie sanders even wasn't impressed by davran wasn't impressed by it, so we'll talk about that. We will talk about the 3.8 million renters likely to be evicted in the next two months. That's a real number. 3.8 million people likely to be evicted. There's a talks of a civil war right now from both sides, but a big part of it is, you know, Lincoln Project Rick Wilson

warns a civil war is coming. If it hasn't already arrived, CNN saying we're trying really hard to be less of a democratic mouthpiece. Good for them for saying that. Lessons. Yeah, less of electric bill skyrocket crippling low income families with no end in sight. I saw an article that said in Norway right now to fully charge a Tesla, to fully charge a Tesla, cost $100 to fully charge a Tesla.

Thanks, great. Electricity, okay, to fully charge a Tesla. Honestly, I'm pissed off like I right now. We all are. About it. And then, in LA, it costs that the fully-filling escalade. Yep, like regular gas. That's the point.

So the point is, the point is, so if they're pushing that way, the cost isn't really going to be that big of a savings. We'll talk about that. British household energy bill to jump to 80% to over $4,000 a year. We're going to have Paul Sanky, who's an expert in oil energy. He'll jump on from UK to comment on that here in a few minutes. California is pushing the whole gas powered cars to be banned by 2035, even if a Republican governor gets a wins the state, that's still going to be happening.

And then obviously a bunch of different stories that we can be talking about, a miciamanel car sells for $12.6 million. And if there's any other topics you want us to talk about, put it on Super Chat, we will possibly address it if you put it on Super Chat. Let's get right into it. Okay. So Tom student loan that I'm gonna read these stories and you tell me your thoughts on the student loan debt that we got going on the forgiveness program that we have going on Let's see which story I go. Okay, so former Clinton advisor slams Biden student loan debt handout. This is terrible The former Clinton advisor, Slam's Biden student alone, that handout, this is terrible policy.

Well, it's bad policy as well as bad politics. For that amount of money, you could find pre-K for every three and four year old, for 10 years. You can do a lot more good for poor people, communities of color, and under-privileged by doing pre-K. You could forgive all medical debt, which unlike student debt is not free enter freely entered into former advisor to Clinton said Paula Begla said the

Public Allah said adding that he was a progressive What is my party doing with this they're this advancing? I think they're not helping the people were here to help which is poor people under privileged communities and they're not helping their politicians who are running. Bagala said this. So at the same time, Bernie Sanders, I'll give you what Bernie said about this. Bernie said on Sunday, responded to examples of Democratic criticizing half a trillion dollar student on that hand, that by saying the criticism is correct before arguing that the answer is not to deny help to people who cannot deal with these horrendous student debt. Maybe we should have the courage to take on the drug companies and not pay 10 times more for a particular drug than they do in other countries.

So the answer is not to do what Republicans want to do. Oh, it's unfair to this person because we're helping that person. The answer is maybe to create government which works for all people and not just the wealthy campaign contributors. That's what Bernie Sanders had to say. Tom, what are your thoughts on this student that forgiveness? Well, I'll tell you, I don't normally line up the way I line up right now with Paul Begella, but I am 100% with him.

There are upstream problems in this country and there are downstream problems. The student debt that is in the hands of these students that are being really hammered by the processors. Remember, it's the loan processors. Once you get the student loan debt, you get a letter from somebody that's high, we are the company that's going to be processing your debt, senior payments here. And the interest rates and everything that go with that, the students get hammered by that. That's downstream. If you wanna go back upstream, Paul Begala's doing a great job of making a point,

is saying, listen, wanna help education, wanna get people more educated, we could take all of this and we could cover pre-K in three or four year olds. So we could start education in an earlier year and give kids that are normally disadvantaged, a jumpstart maybe to be you know more competitive later. I love that line

But the other side of it that that I'm looking at is Bernie is right What they're doing here is forgiving the people who knowingly went into the debt now I happen to think What we should probably be doing is working on a relief with the processors. What if we took one tenth of that half a trillion dollars and bought down the interest rate with the processors so that people have a fighting chance to pay off the debt? Says, hey, you owe $80,000 to the processor. Currently, it's sitting at nine and a half,

WAM, it's four. Now it's four percent. You know as well as I do, Adam, just the math of money, that would be a huge help on the interest rate set of things. That's exactly right. So rather than forgiving the debt, why don't we get into it and say, how do we make it more manageable for these people to pay off? And something else I'd love to talk about PBD on another time.

If the oil companies raise prices and they get drug into Congress for price gouging hearings, guess what, the entire collegiate system needs to be dragged in front of Congress for price gouging hearings. Yeah, so my angle is a different angle. By the way, and I appreciate that. Tyler, can you show the video I just sent you? I don't know if you have it or not. So this is a father going up to Elizabeth Warren. Are we coming on this year or not? I have not. Okay, so Elizabeth Warren's talking

a bunch of folks and his father on the day when they announced this walks up to Elizabeth Warren and says this and she has nothing to say. Like Elizabeth Warren's helper cannot wait for this man to stop talking. You'll see this. If you can make it bigger, so everybody can see it. Go ahead and play it. And let's see what you're doing. Watch this.

And then she says something. Oh, fast forward a little bit like three seconds. He's waiting for it. OK, right. Go watch this. Yep, this guy in the black chat. Listen. My daughter's getting out of school.

I saved all my money. She just had me stealing money. I bought a book. Am I going to get my money back? So you're going all my money, she just had me stealing money. Am I gonna get that money back? So you're gonna pay for people who didn't save any money. And those of us who did the right thing, it's free. No, it's not even that free. Of course we did. My buddy had fun, bought a car,

and all the vacations I saved my money. He made more than 90, but I worked at double shift, worked extra, like $1, works you as a 10. So you're laughing. Yeah, just can't so you're laughing Yeah, that's exactly what you're doing. We did the right thing and we get true Yeah, I love those mozo So you know, so you can't blame people like that who are sitting there saying I did all the right thing But you're going this direction and then what I will say kind of where Tom was briefly commented on it is the following thing

Here's what we have to ask ourselves. Okay. So in the process in this context of student loan what parties are involved? Let's go through it. Number one is the loner. The loner is who? Salimay. Salimay. Number. Number two is who is the person that's receiving the debt, which is who, the individual, the customer student, the customer student, possibly, which parents, right? Okay, so we got the loaner, which is Sally May, and Naviant, okay, then we have the person

that's getting the loan, which is the student, hence the parent, then we have government, and then we have college, okay? So you have four parties involved here. Now, let's take a look at this. When they do this, who doesn't pay a single price for this? By the way, we have one other person involved in this as well. Let's call taxpayers, okay?

So we got taxpayers, which is us. We got the student that got the loan. We got the Sally May, who's like, here you go, and then we have the government, and then we have the university. Who paid the least price when this decision was made? Out of exactly. The university,

exactly. The business raising the price. Exactly. You know what's crazy about that? This part, that's crazy about that. When you talk about universities, universities, themselves, are sitting there, they keep the money, and 80%,

they said the other day for every one conservative professor in America, there's 13 liberal professors in America. So they have a monopoly on philosophies. They're teaching to our students that are being sent there. So there is already a monopoly of teaching a philosophy that you have a control over. You're not getting a six professors on one side, six on another side or six six six and one independent and you kind of learning from everybody and then on top of that part that we're talking about with schooling. They have the audacity to bash capitalists who pay taxes who go through what they go through and you're not paying any taxes. and you're not paying any taxes. And at the same time, you're not even being punished. The punishments going on students,

no one's judging you for your quality of education where salaries haven't increased for the last 20 years. Maybe you ought to be judged a little bit. If education is so fantastic, how are kids coming out? With the same average salary as they got 20 years ago, you want to blame corporations? How about we blame your method of education?

How come we can't hold them accountable? How come nobody can get at them and say, no, no, no, no, you can't talk about this because I went to such and such school and I'm a booster God forbid we say anything about these universities. So that part is not being accountable. So they didn't go to the next one. And let's find out who pays the biggest price.

So the person that pays the least price in this party is who? University. University. Who pays the biggest price? The tax, the pays the least price in this party is who? University. University. Who pays the biggest price? The tax payer. The customer, the customer, which is the student. The parent. And their parents.

Who's the second that pays the biggest price? Tax payer. It's us. It's us. Okay. Who backstop when you forgive it? You got it. So there's two left.

Government and Salami, which let's just say still least, they're there. So the person that pays the biggest price is the student. Second, it's us the taxpayer. At least it's colleges. Then it's Sal price is the student. Second is us the taxpayer, at least as colleges, then it's salami in the government. What are we talking about? And it's not that we're talking about here. It's not to feel bad about, but there is a party in this, the loan processors who are now going to be processing less loans, so they're going to make less money. So as a business, the loan processors are going to have their business hit. Look, I'm hard to feel bad

for those particular folks. The biggest question is a follow-on question. Okay. What can you when I go and get financing from the bank? For like house cars. Okay, so we can get a house, the bank will bank a house, house, a car.

Will they finance a car? Of course. Will they finance a wedding? Oh no. Why not? Because there's no asset. It's gonna fail in a year. It's gonna fail in a car. Of course. Well, they finance a wedding. Oh, no. No. Why not? Because there's no asset. It's gonna fail.

It's gonna fail. It's gonna fail. So they will not finance a wedding. Okay, let's keep going with this. Will they finance me potentially starting a business? Maybe. At best. You're right.

Maybe at best. Well, but when I need to the extent, you'll sign a personal guarantee against your assets if you even have them. Motorcycle. Yes. Motorcycle. I got a motorcycle. How about an art piece of art if I'm getting will they finance a piece of art? I don't think so. The bigger banks Goldman Morgan they will do it. I don't know if the Bank of America got hey, can you find it? Trying to buy the Salman Mundi whatever. But it's usually

half value. Savotor Mundi. But she's like half value. Yeah, now here's the last one. You're ready? How many banks finance in me to go get it for your college? Zero. Why not? One weird. Why the fed so bank of the federal government? Let me get the straight banks want finance weddings. Oh, three. Yeah. Two. Two. All right. Maybe there is a lesson there because what capitalism and free enterprise will teach us is whatever people are not willing to pay for, there's a reason for it.

Okay, there's a reason for it. What are your thoughts with this story here? Well, look, there's sort of mixed, I have mixed kind of feelings here. I'm not a fan of this, believe me, the guy that went up to Elizabeth Warren here who said, I saved that money. You're never gonna hear me disagree with that guy.

Yeah, 100%. Okay, that is my entire slogan of my entire life is save that money. So respect to that guy. Double shift. Exactly. So, but there is a difference between the Elizabeth Warren Bernie Sanders wing

of the progressive left and the Biden side of things because they all campaigned on different promises. So everyone wants to talk about promises made, promises kept. Biden campaigned on canceling $10,000 of student loan debt. Whether you agree with that or disagree with that, that's a different topic. That's what he campaigned on. Elizabeth Warren and Bernie wanted the cancel all dead. And everyone was like, yeah, that's a little frickin aggressive, bro. So there's 20 million Americans who woke up this week and said,

I owe exactly $0. Now, if you're that person, the choice is yours now, buddy. You've been given a life raft. You somehow woke up. You had $20,000 of student loan debt, depending on your, uh, kind of, like, Pell Grant status, right? Tom, the Pell Grant. Yep.

That's if you're, uh, you're a lower income. The whole mechanism. And, and I think 40 Americans have received some sort of loan forgiveness. So I'm not a fan of this. I had D1 on my show The Saw's Cast as Week. This guy got famous viral for doing a song called I Paid Sally Mayback, where it was a play on words between rather than driving a Mayback because he's a rapper. He paid Sally Mayback. That's actually pretty dope. And it was ridiculous.

It went viral and the guy hit the scene. So I'm not a fan of this, but this is what Biden did promise. My next point, and then I'll turn it back over to you guys, the fact that Paul, like how my whole stave that money, political, woken is whatever you want to like awakening, it actually happened at an insurance event

that you've ever been to AAALU. I know what it is, I'll be right back. But we met it now about years ago, and ALU and Valve actually merged to an area called FinSecca now, right? And this is 2010, 2012-ish, and they had a debate. You talk about, this is your idea of what you want school to look like, they had a debate.

And who was the debate with? Paul Pagala, Clinton guy, and none other than Tucker Carlson. Oh, really? Fox guy, so I'm sitting there listening. I have no political ideology at this point. I'm just watching Tucker and Paul Pagala go at it. I'm like, I like this shit. This is good.

Ideology's exchanged. Left, right, up, down. I'm like, okay, he's got a point, he's got a point. But circling back, making my point here, this is something that Tucker and Paul Pagala would both agree on, they do not like this idea. Yeah, all this stuff. And I'm pissed off, Packers.

I mean, we both joined the military about the same age Now I'm pissed up because I didn't go to college. I didn't spend no now I'm just like what now I have to pay for other people's kids to fucking go to college and it drives me Banana and I love that you said it you said a good good saying monopoly ever monopoly on Philosophy what it's what they want to teach and that's it. Yeah, by the way, I'm right now like you know this whole thing about Okay, so a few things teachers who are being forced to teach what they don't believe in they're leaving and finding other jobs parents who are Having kids go to school be enforced to learn something that they shouldn't learn

They're deciding to listen honey. You better get a second job You better drive Uber at night our kids are going to a private school. So that's number two. So public's taking a day or voting on the Arizona voucher program, which is so hot. Perfect. That's another one. So we have those two. Three, you got individuals who are now being asked to become teachers who are not fully qualified to become teachers. They went to school. You got the philosophy's being forced down their throat. This, this is, this is great. Let me explain to why this is fantastic for me because this is going to force people to say, okay, this is what you want to do.

No problem. Here's a route I'm going to be taking. If you think you're going to be forcing more people to have the philosophy of handouts, you're going to piss more and more and more people off. Yesterday, who's our Biden's press secretary? What's her name? Karinjamp here. Karinjamp here is being asked about. You're okay with kids. You're okay with illegal immigrants crossing the border what i'd be in vaccinate you're not even checking them but you're worried about

you know no back you know coming to a u.s. open to play tennis yet he says you know did you hear answer i heard it you were answer or answer was well we are not allowed to talk about private medical situation people that are coming up yeah i'm like wait what that did you spend that one i was so impressed about the she's. She was pretty good. She did. That's their job though, just spin job.

But that's, listen, spin is on both sides, but that spin was like, you're a goat of spin out there to do something like that. So you know, but people are starting to sit in the monies and if you live by the border, you're going to be like, look man, these people are coming left and right and I don't feel safe right now. Some people are coming over. Some people are going to sit in their Democrats, they voted for this, they're like, what the hell is people are coming left and right. And I don't feel safe right now. Some people are not coming over. Some people are gonna sit in their Democrats. They voted for this.

They're like, what the hell is this? I busted my ass. I'm not a Democrat because I want high taxes. I'm a Democrat because I agree with, let's just say a person is a pro choice. Or I'm a Democrat because I'm, you know, a social safety net. But I'm not okay with this, bro.

What are you doing? I'm a working Democrat. So they're creating enemies. To the point. i love it where a guy who got americans to accept marijuana through a podcast there was a netflix done where he was the main guy on this netflix show joe rogan got people to say maybe weed isn't that bad he tells erin rogers possibly a top five best quarterback of all time, the solution is to vote Republican.

Yeah. What the hell are we talking about? You're right. And Elon Musk says that. Here's a point. When sometimes you're winning, you have blind spots, you think you can really manipulate everybody. San Francisco voters, you know what they said said yesterday San Francisco people that live in San Francisco I'm not paying tax until you clean up the shit

People in San Francisco are saying I am not paying taxes until you clean up this homelessness problem These are Democrats that voted for those policies and the needles. It's slow Yeah, I just got what you said about it's Novak right Novak joke of it If he tells the NOVAS no yeah, no, no, no, Vax Just go on what you said about it's Novak right Novak joke of it if he 12th No V.A.S. No yeah, no yeah, no fact he can't fly into the country to play a tennis game But the border and why doesn't he find the way to get to the Mexican border cross through there That was so funny Like I like great Like all that it's a tallest Mexican I've ever seen like he huge

Well, all you have to do is take boat or just get your drop and just walk to the border I mean he doesn't have to be back It's so funny and the website is phone and San Diego gets a new bomb Yeah, he's there like this and I like how'd you get here and he's But in game wells, it is quite offensive that they're still demanding this is it New York state is it is it The US open specifically It's just the US government NFL still they don't they're not messing around He's obviously anybody coming over here to play any sport anything go he he cannot play

He's top two in the world. I'd say number one number one right now So he's one of the three goats the three goats of tennis The Pfizer. That's right. Oh, weird. It's not weird, right? I didn't know that. Really?

Isn't that weird? You know, there's another level of hypocrisy that's here with the student loans. And if you think about it, in the United States government, you have Medicare, right? How many people have a person in their life on Medicare? Your dad, my mom, your dad, right? My mom, yeah.

Your mom, excuse me. And they can tell you, hey, I went in and I was gonna have a chest X-ray. The doctor said $260. And they gets the thing back from, nope. The rate for an X-ray is $181. Ever see that? So the doctor bill is augmented,

but our parents don't pay the difference. The doctor accepts the 181. It's the same thing for dental. The only exception on federal programs is Sally May and Education. They don't adjust the price. An Hollywood Sally may have to do is say, I'm sorry, the maximum per credit hour we will pay is this. Because

that's how they do it in health insurance, that's how they do it in dental care, and that's how they do it in the private sector, and that's how they do it in the public sector with Medicare. They determine that within a certain bound is the price. Sally May is the only place and higher education is the only one to get out of jail free card. Yeah, we're going to raise it 20% this year. card. Yeah, we're gonna raise it 20% this year. Oh, okay. Well, then we'll just put that on the loan here. It's the only place it happens Yeah, the you know, they keep accusing Biden of playing politics. You're just playing politics You're just well, that's his job. That's exactly how it is. Yes Kind of a politician. So he is pandering to his base. He obviously he wants to

So he is pandering to his base. He obviously he wants to sure up the Gen Z vote, let's say, or the millennial vote. And this is a ploy or a tactic to get them to say, you know what, I'm actually doing something for me. So do I agree with paying off student loans? No, but do I understand the philosophy of why he's doing it? I get it. It is making inflation higher, isn't it? Because we're dumping more money.

Sure, there's a part of the student loans that you can argue would never going to be paid back. You know, our history major is never going to be making more than 30 grand a year or something. And they're probably never going to be able to pay back part of the student loan, which is another discussion, right? Yeah. What are you underwriting STEM?

Are you underwriting liberal arts? Yeah. Are you, what percentage of college degrees are just completely useless in your opinion? I don't know if we have enough time for that. I would say there's a lot of it, but I look at it this way. PPD, what if we made a simple value-taming

public service announcement commercial? Banker sits across from student Yeah, I'd like you $80,000 20 a year to state college, but I'm beginning to do green art history. Well great I'm looking here at the Jobs and what an art history maker will make and I can't underwrite this why because according to this It wouldn't take you 40 years to pay back if you Still kept the student loan payment higher than your rent or your house payment eventually Oh, and put this awareness out there. Do you see what I mean? Yeah, it's it would be an underwriting and it's not the banker being bad

The banker would simply say I can't underwrite that. I can't underwrite this transaction. But what if he goes, excuse me, the Joe Biden's president now, he promised that he's gonna forgive. So does that, does that sway my, like, can I get it? He said 20 grand is gonna be gone. Would you give me the loan?

Well, if 20 years from now, the US president forgives half of it. And that's sort of a guarantee for the bank. Then the bank could build that in and underwrite it. But Tom, you actually bring up a great point here. I know you were kind of being a realist, but also a little bit sarcastic. I don't know if people got Tom's humor.

He was kind of imagining. But you do have a good point here. And the point that I think you were making is what's the ROI on your investment in yourself. And that's what somebody who is 18 has to figure out. And that's, most 18-year-olds could not tell you what ROI is, but when you go to college, you're investing in yourself

in your future income, right? You're getting a degree that will hopefully put you in a better position to make more money in your lifetime. And when you're 18 years old, it's a very difficult decision to make. All right, what do you want to do the rest of your life? You're like, bro, I'm just trying to get laid and for a different, yeah.

I'm gonna run here by Adam. Well, that's a difficult situation, with this thing. I don't scam, what?. And it's like, yeah, I'm on here. I'm on it. Well, there's a difficult situation to grow. I don't scam. No, it's a four year social experience. That's the true. That's it there. Kids are not going to get a better degree and solidify their future. You ask 10 kids.

I guarantee you seven out of 10 kids say I'm going for the experience. I'm going to meet friends. I'm going to look at that. Well, that's a good sign of college. If a person's going for the social experience, I'm willing to bet. Well, that's a good sign of college. If a person's going for the social experience, I'm willing to bet you're gonna party 10 times harder than a military than you would if you wanted to. Well, I'm willing to bet that uniform

is gonna get you 100 times more that way. Where do you wanna form? This is the piece of cake. Take it off and go to the mall. Yeah, what's the purpose? What's the purpose? You go to the changing room and gap and and get you their ASU or FSU or

San Diego State San Diego State. No, it's what you're saying. You're right. I just sent them. I put things all wrong. To the Buffalo Bills. What kind of a precedent does this set? For what? So we're teaching these kids that you can take out 80 grand, 100 grand, $120,000 in debt and we're gonna forgive it. No, no, no, no, 10 to 20,000. So let's get the number. Can't just, well, nothing, no, no, 10 to 20,000. So let's get the number. Can't just, well, nothing, they're just forgiving on your grant. Hang on. This is just the beginning.

So just get the numbers right as all the time. This is just the beginning. I would bet that they're going to keep pushing different, give more and more and more of it. Okay. But what's the next is a bit more? Yeah. By the way, you can't be naive to think this is not going to continue. Like, you know, people are about to get another $1,600 check. I think times two, whatever the number is going to be. Again, this is five years ago, we would have been like, what are you, where are they doing that though? Valley, I think California's doing it. I think several states.

I think Ron DeSantis approved that in Florida for seniors. First of all, I don't support that. I'm not one that's sitting there saying, do that. I've never been a part of this UBI concept that's becoming a norm everywhere. I'm not a fan of that. I'm not the only time. If you're going to shut down restaurants, that is my way of making money. I'm not in business because of you. If you tell me I can't go to work, dude, you better pay my bills. That's a different story. That's a different story. But we do just send out money. So go back to Tyler. I want you better pay my bills. That's a different story. Yeah, that's a different story. But we do just send out money.

So go back to Tyler, want you to finish your thought, go back to Tyler, they're not gonna just do 10, 20,000. Wait till two years from now, they're gonna say, this should work, do it again and again and again. But then what do they go to next? We'll see about that. Housing, they claim housing is a human right. So they're gonna forgive your housing,

are they gonna give their for loan, forgive the loan you take out on a house? And this, okay, this is completely unconstitutional. Nancy Pelosi is on camera saying Joe Biden does not have the power to do this. The Congress goes for us. Okay. That's what you think he's going to stop at colleges. Of course not. As proof by the Senate, by the way. Right. So I watched this video with a guy.

I think his name was Peter, bad David, maybe, oh, Patrick, bad day. I know. I know. A video on colleges. I know. It was almost Sasha, but David, but go ahead. Was it really for every dollar, Garen, I David, he did it. I love that. A video on college is on. I love that. It was almost Sasha, but David, but go ahead. Was it really? For every dollar, I believe I have this day.

2022, it's still pay me. Every dollar guaranteed in student loans, the price goes up by 60 cents. So what are they gonna do after this? They're gonna keep raising the price. Raising the price, raising the price, raising the price, raising the price. Could you guys a question, too,

because I'm not that bright in this field. Who are they? How far back are these loans getting, like how far as they go back? How many people, how many people they've given these loans to? Just current status. Everybody that owns,

I think up has, like, meaning starting next year, you're not being forgiven. But everybody will try. That's a lot. That's a lot of people. You know the total that it came out to be? All this money, $500 billion? $300 billion.

$300 billion. Which used to be a large number. But now every single bill or anything that passes is the trillion. There's 300 billion is a lot of money. I agree. But it used to be a lot of money. Not used to be. Not used to be.

New nuclear powered printing press that we have over at the Department of Treasury now. Yeah, it's pretty pathetic what's going on with us. Okay, so let's continue to the next story. Were you trying to finish up with something there, Tyler? Oh, no, this is just a set of $10,000 in federal student debt. Per bar, per bar we're in 20,000 for Pell grants, less than $125,000. So I imagine anybody who has outstanding student debt

will be given $10,000. Forgiven, excuse me, forgiven $10,000. Forgive me, forgive $10,000. Got the data answer question for you. Yeah, sure. So you have to take your call, people, accountants, that's the number right there. Okay, billboards in San Francisco and Los Angeles weren't against moving to Texas

by invoking mass shooting. By invoking mass shooting. I don't even know if this is legal to do that. Like can you really do something like this as a campaign? But let's, let's read this. Okay, so this is a New York post store. If you can put up the pictures so people can see it. Mysterious new billboards are warning California residents not to move to Texas as record numbers of residents flee the soft on crime golden state for better quality life in red states the Texas miracle died in uvalde don't move to Texas that's actually the billboard

bottle just look at that right there the Texas miracle died in uvalde don't move to Texas the billboard reads alongside a hooded figure and a crossed out don't mess with Texas slogan the Texas miracle refers to former governor Rick Perry's description of the state's regulatory model which helped it weather the great recession. Don't miss with Texas. A favorite model in the lone star state is rooted in the 1980s anti littering campaign. When you see something like this, Tom, what do you think about? I think that if you and I put a billboard up going the other way, we would be picketed, we would be canceled, we would be attacked. Can you imagine if

we went the other way? .1.2. This is Boogie Man politics. You have nothing good to say about yourself, so just point and say, you. And that's all they're doing. They're trying to get you to stay, to stay in something bad, by making something else look better. Exactly. Not saying, hey, here's what we're gonna do for Californians. This what we're doing for business, this is what we're doing for education,

this is what we're doing for highways. Nope. Adam, do you have thoughts on this? Yeah, of course. You're kids, of course. I mean, we, you know, obviously you've all day is the hot topic right now, but, you know, mass shootings are not, unfortunately, anything new in this country, but, you know, politically, you might have to have a short memory to not find the irony here because not too long ago

in 2015, there was a San Bernardino shooting, a mass killing, mass shooting where I think a dozen people died. Yeah, the whole life, right? When you play politics like this, just be careful what comes out on the other side. Now, I'm not sure if you saw what Gavin Newsom has been saying, is political ads. Have you seen any of these lately?

So I went down the rabbit hole, and did you see Rhonda Santas' Air Force ad? Top guv. TopGov. Sick. Okay, little hokey to me, a little cringey. And I was like, all right, cool, he put his kid in there, I get it, all right. And then I saw Gavin Newsom's ad.

And I just threw up in my mouth. Not a California guy, I don't give two shits about Gavin Newsom, but I just know like what's a decent ad? What's not I gave like the Ron DeSantis ad like a C-minus and then I saw the Gavin Newsom ad and I think it was on July 4th And I was like how do people not feel the fakeness of this guy? I'm gonna read you what he basically had to say and you just let me know what he he says It's Independence Day and I mean when I talk about as like

suit as like just phony and fake it. Hi, it's Independence Day So let's talk about what's going on here in America freedom is under attack in Your state right Republican leaders their banning books They're making it harder to vote restricting speech in your classrooms Even criminalizing women and doctors. I urge all of you living in Florida and that was like hey, I'm living in Florida What you got going on here, buddy? I want you to join the fight and join us in California Well, we still believe in freedom. I think and God how out of touch is this freaking guy? He's going and how does he keep getting elected?

And there's a bulletproof, you have to do the Batman. He's not gonna be fucking Batman. It's just, you've seen what's it, American Psycho with Christian Veil? Yeah, yeah. That is Gavin Newsom to me. That is, that is. And here's a guy who's never had a real job.

Here's a guy that's never had to work a single day in his life in a free market in this, you know a price side to see how tough it is and making decisions for them and annoying a bunch of different people. But I will tell you what I think about the sad. Here's what I think about the sad. I love it. I love it.

Let me tell you why. Do you remember about six podcasts ago when I said, if I was the governor of Florida, I would say the following. If you want great entitlement programs to California, if you want to have your kids have the ability to get the medicine to have sex change, you know, whatever transgender, if you want that move to the following states, California, if you want that that to get run, if you want to, if you want,

move to California, I love it. You know why I love it? There's a part of me that's using humor and sarcasm to almost make your point. It's not even using humor. It's straight up. So for them to do this, I love it. Because if a person like me who's sitting there,

and that's my state, I'm gonna say, what the hell is this guy talking about? I don't relate to you. I gotta go find a new state to take my family where I feel safe. And quite frankly, I don't feel safe. Yes, and I got a text from Jedadai. She was in New York.

Guy. I'm sure she had a great time. She didn't recognize anything different than normal. She says, within nine hours, while she was in New York, okay, she saw two crimes right in front of her. Okay. She encountered a man walking around naked, creepy man walking around naked. In the set, that's why Vinnie and I go to New York. And he says, she says, I wanna know where Adam went when he visited and did you guys have him blindfolded? Yeah.

So, you know, Jeff, you see something, say something, Jeff. Maybe next time you guys gotta go to New York together. I feel like if you're looking for something, you're gonna find it. I walked miles around New York. I freaking love New York's But if you're like if you're looking to find something weird in New York believe me You'll find it. Well, did you hear what the New York governor said about republicans?

local what did she say? Did you hear what she said? Republicans aren't welcome here get on a bus and go down to the floor Republicans aren't welcome here get on a bus In Florida. Bye and they and go down to the Republicans aren't welcome here. Get on a bus and go to Florida. Bye. And they, by the way, and they criticize us for living in an, in an echo chamber. Apparently, the right has this giant echo chamber that they can't get out of it.

Apparently, she doesn't have a spreadsheet because that's going to increase the deficit in her state. Listen, talk all the smack you want about Gavin Newsom. Don't get it twisted. This guy is a front runner for the Democrat. I don't disagree. He would be running for office and he could very well win. Did you, did you see him in the interview when he was like, I'm telling you, I'm not

running. I don't know what other way to tell you. I am a governor. I love this state. Then the guy says, then why are you talking about all these national issues? Well, because that's important, I love this country. This is my country's. Yeah. But you sound like you're running. I'm not running. Can you say right now in camera, you're not going to be running. I'm not going to be running for I'm telling you, I'm not running. Can you say right now in camera? You're not going to be running I'm not gonna be running for I'm telling you I'm not it was a very Interviewer did a fantastic job pushing them on it to the point where he was getting pissed So by the end of it if you watched it you would have said he's not running I posted on the Instagram post this means he's running because he's obviously

Do you think Gavin Newsom will end up running? I'm president. I'm saying 70% oh, I'm way higher than that. I was gonna say 80 pet because the last time I was on here You showed that he was he was with the shirt white shirt tie walking in the White House lawn Well Biden was and the only reason I said 70% is because when I was in California Somebody shared with me some things about him That is spreading that is why he doesn't wanna run because he doesn't want that to come out. Okay.

Now, how much credibility that has, I don't know anything, the person that said it, has credibility, but the person that told him, I don't know that person. So it's like Adam telling me his best friend said this, but I don't know who his best friend is. So without him running, let's say Gavin Newsom's out. Who Biden says he's going to run?

Who do you guys think is going to be? Who would be their front runner if Newsom, because I think Newsom is the presidential look that they would go for. The people say Bernie. Yeah, according to Bernie. The variability ratings, it's Bernie. Bernie, on the people say Bernie. On the people say Bernie.

On the people say Bernie. On the people say Bernie. On the people say Bernie. On the people say Bernie gets involved. You know, I think the Democratic field is wide open right now. Yeah, wide open. I'll go back to the same point I made 10 podcasts ago. The DNC is shadowing all of these stories that are coming out on Biden

and you have the soft negative story in the New York Times in Vanity Fair. All these on Biden is at time. You know, and it's like that it's, is it time to say goodbye to good ol' Joe? Is that it? You see all those soft articles, every week, there's a new one. Yeah, there's the articles that aren't even that soft. They're just like, time to go Joe. Yeah.

Bye, my grandpa. That's CNN did that, I'm a zombie seeded that. So as soon as the DNC behind closed doors, clicks the stopwatch, it starts. That's where the money is. The money to run a national campaign is with the DNC coffers. That is the Soros money. That's the big stacks. You have to raise campaign money, but the big gunpowder is with the DNC. So the DNC has not yet said, we are going to primary this president, but when they do, it is a wide field, but Bernie, Gavin, and they're all going to have the same thing. Well, we got together as a political party and it's too important. And this is too important. So I am running because it's too important and this is too important so I am running because it's too

important and that's what they'll do. Once they have a solution for the Biden step aside and they're going to do it elegantly. But until that time he is the pincush cushion that all of this controversy attracts. And so let him take all the heat on this. Why put a front runner out there and let them beat up a little bit right now. You do, right? If I was a DNC, if I was a DNC, this is exactly the way I be playing it.

I just, I thought I was burning it though right now, but like you guys screwed me over how many times I'm not doing this shit again. No, I don't think I don't see Bernie running. I'll just say it again. Bernie though right now I'd be like you guys screwed me over how many times I'm not doing this shit again Just because the DNC is done with Bernie doesn't mean the people are done with Bernie. Yeah, true Well, the people the people still want Bernie, but I don't want to talk to some of the lip does that you know that's Bernie Santos right? Huh? Oh my god. This doesn't talk he talks like this and this lip doesn't move He talked like this and this lip doesn't move. That's actually a fantastic impersonator.

Actually very, right. Hey, I don't talk like this. Just as long as this is numb, like you went to the dentist, that's not even right. Like you got numbed up. That's good. Can you do a Trump? That really.

He just congested all the time. You see, Jimmy Fox, Jimmy Fox is still there. Can we play that? I don't know if we can or not. Okay. Jimmy Fox killed me. Jimmy Fox is Shane Dill. Shane Dill has the best. But who's podcast is that before you played? Who's podcast play that? I don't know if we can or not. Okay. Jamie Foxx killed me. Jamie Foxx is Shane. Don't change. Don't change.

But who's podcast is that before you played? Who's podcast is that? Is that somebody's part here? Some of some compliment. Now don't play. Don't play. Don't play. But it's a let's think about death row.

Snoop DL double G. Greg. I Yeah. Jamie Foxx just I let's have a two kind of town. Let's have a economy. Different take on the US economy.

Maybe it's it isn't really shrinking world's, a Wall Street Journal. Economic output can be measured two different ways, gross domestic product or gross domestic income for every dollar an individual spends to buy some good or service a restaurant meal, a car, a doctor's visit, another individual earns a dollar of income to make and deliver that good or service.

GDP captures the spending side of these transactions. G deliver that good or service. GDP captures, the spending side of these transactions, GDI, is the income side. Some economists look for clearer picture by averaging GDP and GDI, the average measure of output barely moved at all. Rising at a 0.2% annual rate, adjusted for inflation, over the first six months of the year, this is more consistent with a stalling economy than one in recession. What are your thoughts on that time? Well, okay.

My car was stalling and it comes to a stop, right, versus recession. It's sort of like I'm saying, right? It's sort of like they're saying, it's not horrible. It's only terrible. Yeah. You know, you're being too hard on saying, it's not horrible, it's only terrible. Yeah. You're being too hard on us. It's not horrible, it's merely terrible. It's not a category five hurricane, it's only a category three.

Meanwhile, I almost got hit by a cow flying by. So I think this is spin. This is pure spin. So some economists look for a clearer picture by averaging. So this is nothing more than the White House saying, hey, we don't like two quarters. The two quarter rule is outdated. That's a measurement we don't like.

We don't want to call it a recession because we don't want to measure it. And there's probably an outdated measure. Remember that two weeks ago? Yeah. And so they're trying to find every spin they can because Bill Clinton was right. It's the economy's stupid.

James Carville. Well, James Carville, that said that. Tom, come on, come on, come on, Tom. No, you're people now, Tom. He wrote the script, but Bill delivered it beautifully. And it was correct. And as we go into the midterms, it's the economy's stupid. And what's going on here is mainstream media is complicit in trying to find every

way to Sort of spin and to say that a category five hurricane is not as bad as a category three Yeah, but what is Tom? What do you think about the fact that the journal wrote this like that that kind of surprised me It seemed a little out of step for the journal I could see this from CNBC or Washington Post or what have you but it does seem a little out of step that the journal would publish this see this from CNBC or Washington Post or what have you, but it does seem a little out of step that the journal would publish this. Actually, a great point by Tyler. Why do you say out of step, though? Because I think I find

the journal. Real quick, do you find them to be credible or not credible to walk through journal? Yeah. Okay. And that's my point is that they, they seem to cut through the nonsense and the spin and really the facts. I don't, I don't think they're particularly one-sided. I think if anything, maybe they're center right. I think they're owned by... No, they are definitely center right. I think they're owned by Murdoch's group, if I'm not mistaken, his media group. But typically they cut through the nonsense and the spin.

And this seems a little out of step and... It just off from me. So you're ultimately saying that you don't agree with Tom and you'd like to have a debate with him now on the facts, right? No, I think what he's saying is, why is Wall Street Journal saying the market is not as bad with their position ought to be more of we are in recession, rather, no, we're not really in a recession. So I think to what Tyler is saying, it's a great question.

Cramer, I think, was yesterday or the day before, they said, this trend is showing that the market's gonna come back up by the end of the year and it's gonna be a big uptick on the market by the end. I don't know if you saw that or not. What Kramer said yesterday about the market. The reality right now is no one really knows what's gonna happen, okay? No one really knows what's gonna happen.

There's way too many charts that you're looking at that are going one side or the other side. But you have to look at a couple of things. One of the one is the next story that's coming up right now, which I'm reading to you. 3.8 million renters will likely be evicted in the next two months. That's a lot of people, Tyler.

3.2, just a few million, right? As pandemic eviction moratoriums expire and rent payment relief programs and across the USA rental crisis, beginning to crest about 8.5 million people are behind on rent as of end of August. That's a lot of people to be behind on rent, according to Census Bureau data.

Of those renters around 3.8 million, say they are somewhat or very likely to be evicted over the next two months. Meanwhile, rent continues to tick up and top that $2,000 a month in June for the first time in record. On record, before the pandemic, rents have increased by almost 25% and 15%. And just the past year, according to Zillow,

evictions are spiking in major cities across the country as well. In Tampa, Florida, evictions were 52% above average in August, according to the eviction lab at Princeton University. In Houston, they were 90% above average and in Minneapolis, St. Paul, they were 94% above average. So there's different worlds people live in. The world Wall Street Journal may be more lives in. Their audience are earners. Their audience are people that are making money.

And I would love to see the average reader of a Wall Street Journal. Like many people may read LA Times, New York Times, New York Post, USA Today, you know, all that stuff. But the person that reads, well, like I've given Wall Street Journal to a couple of our guys, and I said, look, my suggestion is for you to read a Wall Street Journal.

And they'll read it and they're like, the hell are they talking about? What it would, I don't understand this. But that's why you are reading you are to see what's going on with this so they are talking to their audience that's in this world and those guys are probably not going to be affected as much okay what did the average income is bad for somebody that's a wall reader I would say the average income earn a reading Wall Street Journal's 200 grand I was gonna say 150 to 200 grand you think that. I was gonna say 150 to 200 grand.

Yep, well you think of that high. I think it's 150 to 200. Wow, that is the 1% or top 10. Top 5%, top 10%. I think it's 10%. By the way, to make six figures is 20%. Yeah. So top 10% is around 150 to 100.

I think it's top 10%. That's about the number. Yeah. So I think that's their readership and they're speaking to their audience. But this, 3.8 million evictions, this, 94% in St. Paul, or 90% in Houston, or the numbers like this, American people are feeling it.

Just go to the streets and ask them, how do you feel about what's going on with your finances. So this is main street, to your point, Wall Street Journal puts together something, says, if you take these two statistics, you put them together like this and look at this, perhaps it looks like this. Okay, great. Meanwhile, on Main Street, guess what? The party's over and this goes back two years ago.

The deeper story behind this, Pat, this goes back two years ago when, remember when the federal government prevented evictions, CDC, moratorium, and states prevented evictions, everybody's saying, wait, does the CDC even have the authority to prevent me from evicting somebody here in Atlanta? Yeah, apparently they did. So this goes back, this goes back two years. I'll give you a crazy story here. I'll give you a crazy story here. I'll give you a crazy story here. A person who made

Little less than a million dollars last year. Make good money last year We get an email and the email is She would like to be the director of HR for Vayetayman And I'm like wait, what? Yes, how? Why? I know where you live. You live in a beautiful place.

And one of these high rises. I know what car you picked me up when we were going and doing the loan paperwork. You told me how you did the last three, four, five years. Director of HR is not a, you know, a salary that's going to pay you anything. Like you're doing. You know, it's one tent of what you made last year is what you're going to get paid for

a salary like that. Why are you applying? The industry is so dry right now. It's not even funny. Wow. Okay. L.O.S. right now in America are not getting hit 5%, 10%, or 20%, they're destroyed. Tyler, when I say destroyed, I'm talking 90% dry.

You know what 90% is? Let me give you a paint of picture for you here, what this means. Imagine you run a McDonald's every day to your McDonald's, 500 people come in. I'm just giving you a number. What would happen to your McDonald's, 500 people come in. I'm just giving you a number. What would happen to that McDonald's, if they went from 500 customers coming in to take 90% only 50 people coming in? So what happens to that quiz nose?

What happens to that Jeffy loop? What happens to that movie theater? What happens to that restaurant? What 90% of a lose income is gone. Where is that felt? A card that sold for $1.75 million Kobe Bryant card last year, black label rookie card. You know what it just sold for on auction last week?

$8.50. In one year, it went down 50%. Who was buying collectible cards? Crypto guys, mortgage guys, real estate guys. You have to know that. That is felt, okay? Period. There is no, Wall Street Journal can write an article like that and say the fact that it's not really a recession, it's more like a stagnation or a flat, whatever. No problem. We haven't experienced foreclosure yet. It ain't going to happen for another six months. Well, that was my next question.

What do you think happens to foreclosures after these 3.8 million renters get evicted? So the 3.8 million renters get evicted. They can't pay the landlord who owns the house. The landlord who owns the house has no money coming in. How is he gonna afford that second home that he's renting out? Do you see foreclosure spike?

Dude, a house that we just looked at a place. Do you remember the place we looked at? Yes. So we went in the balcony where I looked the view was incredible. I mean, view was incredible. Look at the view. So we went and looked,

we're going to go, we're going to go, we're going to go, we're going to go, we're going to go, we're going to go, we're going to go, we're going to go,

we're going to go, we're going to go, we're going to go, we're going to go, we're going to go, we're going to go, we're going to go, go ahead. So anyways, we're at this place. Back to the balcony. Back to the balcony. What would you say about this building? What would you say about this building? The most elite building in all of Miami. Okay, and the place we looked at,

can you tell, give them a visual tour of what this place look like? Oh, that's, number one, it's, I mean, can I say how much the apartment is? No, this is a house or a building. This is the pen house. It's the pen house of a 54 floor. Hi, hi. Your elevator move comes up to the important. So this is a house or a bill. This is the pen house. It's the pen house of a 54 floor. I rise.

Your elevator move comes up to the floor. I'm thinking about buying this place. The entire place is 10,000 square feet swimming pool on the 56th floor. I mean, it's that kind of a place. We're gonna put parties and retain old. So I wanna buy this place. And I want it.

And I said, I wanna see this place. I text them. I got the realtor the next day we go look at this place. That's literally that's how it happened. Yeah, boom, boom. So we'll go wanna see this place. I text them, I got the realtor, the next day we go look at this place. That's literally, that's how it happened. Yeah, boom, boom. So we'll go look at this place. And the realtor says,

well, they had on the market for $33 million just last year. But it's on a deal right now for $26.9 million. Yeah, I was gonna say, it was $10,000. It's a building where all the who's in Miami live in this building. You say the names, they live in this building. And I'm saying names. Once they live in this building.

Okay. So I look at the realtor, Won't say they live in this building. Okay. So I look at the real to what do I tell the realtor at the end. I'm gonna make an offer and it might offend you. I'm thinking of it. She says, don't offend me. I said, I'm gonna make an offensive offer. Ten? No, no, but I said, I'm gonna make an offer and it may offend you.

But here's the thing, this thing's not gonna sell for the number that they want. But I have cash, I'll cut you check. But I'm gonna make an offer that's gonna offend you. You know you're gonna sell this for $30 million in the next five years? Exactly. Exactly. I get to benefit for being prepared for the season and you take a hit because you sat on it trying to sell it for a high price.

So those are the situations where you see the top earner all of a sudden having to go from trying to sell a for 32 last year he's probably going to end up selling you for less than half of last year. So these things that you read about it's great for papers, it's great to get the stock broker or the hedge fund manager to talk to his clients and say, did you see what the Wall Street Journal said today? They said it's not a bad idea.

Okay, let's put another $5 million into the market today, but in reality, the real people that are doing what they're doing, it's being built. Can I say something to that point? Because I actually did a man on the street of how expensive is it to live and rent in New York City. I did that and I've also done it in Miami. Now, Tyler ever gets around posting it.

Maybe you guys will see it. But the point is, like in Miami, people rent a skyrocketed 40% in the last 24 months. 40% okay, so if you were paying two grand, what is that now? 3200? What's the number on that right there? So people, like I completely agree with what you're saying

about the Wall Street Journal. The top 10, 20% of Americans are reading that, maybe 10%, the rest of Americans are just running around being like, how the hell am I gonna afford this rent increase? But the flip side of it is if you've saved up and if you've been saving that money, you might be looking forward to a dip in the housing market.

You wanna trip all the hype? So my situation, because I've been here for like three months at this point, I had to leave the sub leasing place on that. So I had to get an apartment really, really quick and they're renting like this. It's an apartment complex by the beach, long day by the sea. She goes, you have to be out of here by November 1st

because that's when the snow burns. When they call it, they go, we kick season. She goes, because you're $2,000, $2,100 rent. It's gonna go up to $3,000 and she's like,'re all gonna they can get all they literally kick everybody out and everybody's coming That's not unusual here in South Florida. That is very common. Yeah, so pet So my question is yeah, well, they're saying November for me So what would you say to somebody that's been waiting? Yeah, tiktok that's waiting for Remember I talked about last time for everything for the market to crash and we're waiting for that moment

Because I'm gonna have to obviously lease again, but you would say what six months to a year would be somewhere As much as a veteran VA loan I'd be able to get a loan and oh You're saying like one is a good time to buy for me for somebody like me pet that that has the loan I could I would wait six to twelve months. Yeah, keep your pension. I would I'm gonna do it. I would wait six to 12 months. Yeah, keep your pitch. I would Adam don't do it. I would don't talk about the top baby. I would wait six to 12 months because yep. I think look just think about this guy that sold this Mickey Manel car for $12.6 million new record just so you know new record. You know how much he

would have gone if he sold it a year ago? No joke. No, no, he would have $20 million. More than 24 million. He would have gone 20 he sold it a year ago. No joke. No, he would have won a million bucks. He would have won a million bucks. A year ago, he would have won a million bucks. I'm not even kidding with you. He got 12.6 million, but he would have gone 20 million bucks. Okay, why did he sell now? Why did he wait to sell a year from now? Because a year from now, he gets 9.8 million bucks.

Yeah, it's just strong. If not, it's not less. Yeah, and by the way, still 12.6 million for a baseball car. Yeah. Okay, and whoever bought it, good for them. They got the fourth best card in the world is what they got, right? But he sold, now he's sitting there saying,

I should have sold it a year ago. Now I just, I sold my Wayne Gretzky card and I got $1.29 million. It was a world record. You know when I sold that card? I sold it to a 22 year ago. You could have waited another six, 12 months. You would have had an added on the million.

My card. Seven months later, had an added on the million. My car. Yes. Seven months later, sold for 3.75 million. Exactly. No, no, no, this is not how much will that car side for now. But that car today will sell for two million bucks. Exactly. Okay.

So the point is, the point is like trying to time everything, I mean, I've been a victim of it on both sides. You're trying to get lucky, not trying to get lucky. But I'm going to say six to 12 months, maybe a better time. But this is not the time. Pat, do me a big favor. Just if I'm in the office, just walk by and slap me behind that and go, now. And that's what I'm going to say.

Just let me know. It's not just rents, right? Like, obviously, we're going to have Paul Sankeon later, so I don't want to get too far into this. But political insider, 20 million Americans have fallen behind on their utility bills. Okay. Texans have paid 50% more on electric bills. So it's electricity, it's energy, it's food,

it's groceries, it's everything. It's across the board, man. People are getting absolutely slant. How can you say, and meanwhile, we're sending billions and billions of dollars back to Ukraine, we're paying people off, we're passing $360 million to fight climate change. We're paying off student loans.

Like it's, there's a article that's asking that, you guys have that saying that the military is under arm now. We don't have that many bullets because we've sent so many to freaking Ukraine. Not like we're gonna get to some just. Let's go into that story because that is a true story.

Isn't that insane that we're really out of the blue? US military running low on ammo after arming Ukraine. Pentagon officials are concerned that the US ammunition stocks donated to Ukraine have severely depleted US stocks, weakening US readiness and the event of conflict. The Wall Street Journal reported Monday, the Biden administration has drawn much of the $13 billion in weapons systems and accompanying ammunition. The US has provided to Ukraine from existing arsenals, according to the Wall Street Journal, while the Department of Defense has declined to disclose a number of ammunition rounds and stories at the beginning of 2022.

Before the war in Ukraine began, it has taken few steps to replenish depleting stocks, sparking worries that the US may not have the ammunition it needs for its own protection. The level of 155 millimeter combat rounds fired by howitzer weapon system in US stockpots has become uncomfortably low. US Pentagon official told Wall Street Journal, the USS sent 806,000 rounds of the 100 pound explosive to Ukraine as of August 24th. It's not at the level we will like to go into combat.

The Defense official told Wall Street Journal level we would like to go into combat the defense official toll Wall Street Journal Supplied howitzer have extended you use for your cring forts and some of the foxes. Okay, so there you have it That was a story what you were talking. I would say I say why don't we go to Afghanistan and get what we left behind But I mean we have the bar and back from al-Qaeda because now there Taliban whatever a potato some models Whatever potato tomato You know, I mean, Taliban, Taliban, whatever, hey, Potatoes, tomatoes, whatever, potatoes, tomatoes. You know, by the way, for people that don't know your background, when you were in the air force, you were working at a nuclear,

you want to tell everybody what you were doing. I was a station, I'm out in St. May for his base, Montana, nuclear missile base. I was a flight security controller. And whenever I was on shift, I was in charge of 10, 10 missiles that had up to five warheads on each missile. So I was the guy that would authenticate the guys going the miscelliers, the launchers, authenticate them to go downstairs. They're the ones that get the codes. They're the ones that could launch. We had 200 missiles at my base

that from what I heard from one of these guys, we could have blown up the world like 20, 30 times over. And I'm like, why do we have so much? It's just, it's insane, but I saw a packet. Like sometimes I work security work. They open up the rail and it reminds you, 18 year old airmen down there, working on a nuke and you look down and you see it and it was just, it was just insane. 18 year old. 18 year old kids just like this,

I can be a sandwich. Oh my God. But it was scary and then they just told me, because I had to have, you know, sacred clearance, but and then he was like, listen, we have a couple of these bases. That's nothing. He goes 80% of our arsenal is just in the water Just swimming around in all these subs. So I should never pop. I mean, that's why these rounds it ain't that important Yeah, because we got other we got other stuff that we could use you know, yeah If you if you want to sleep easy tonight know that Vinny Oshana is has his hand on the nuclear button at any given moment right? I couldn't go near the

button but I was making sure that they could. Okay, I mean I was not. I want to know who you bribe to get the clearance. No, no, oh you want to trip out? You want to trip out? So I'm on leave. I go home to see my mom and my dad and everybody and my my fifth grade math teacher, Mr. Bonaparte, because you know when you get the clearance they asking people, he sees me in the mall. He's like, oh, Sean, he's a huge big, a buff guy, he goes, dude, you never, what are you doing in the military? I was like, what do you mean?

He's like, somebody in the front of the government called me and said, and I quote, does he seem like the type of kid that will grow up to do something terrorist like shit to the country? And he was like, no, he was, you know, giving people's wedges and climbing up trees and shit. But no, he wouldn't like blow people up. They're like, all right, thank you. Click. And that, they got fifth grade teacher. My fifth grade math teacher said that somebody called them

and asked them if I turn into, to be a maniac. I mean, I am a maniac, but I would never hurt the country. So they got your service They got your service, buddy. Yeah, well, that's what I wish I was recruited by the guy that was here to see I agent, I'd be a great see I agent. Who's the man thing? Come on. I don't think you could blend in well enough. What are you nuts, I'm a comedian, I'm out there.

I work here, like with the- No, he said the key is to not be noticed. You are getting out of here. Yes, you're there. Come on, man. Yes, come on. You know who the person here that could is Rob Rob yeah, yeah, for sure

Rob could be yeah, if there's anything that you should know about Rob Gargelo not noticeable not a lot What is even work is he here by by the way, but here's a good sitting right there is a good news even though We are depleting in all this weapon good news. We have 87,000 wire ass agents, which is damn save us. Yes. Which is fan. And they know how to use a gun. You saw how they were so here or you that is a great call back. We have comedy. That's called the call me safe about this entire situation. It's all gonna work itself out. So we'll put them right on the front line. If the average American really knew what we've got. Yeah, they

bulldozer. Yeah, laser. So let's skip the, but the rule, the rule pit bull of the mayor of the world military is the American Navy. And most people don't know it. And they think, well, man, you have to ship out there, you hit by a missile and everything,

you have no idea the umbrella protection, it's over those ships. It's not. And you have no idea about the nuclear subs and what they're doing down underneath. But NORAD, NORAD is scary. The stuff that's under South Dakota and Montana specifically. And members elsewhere, they're forced-based.

That's where all the B-52s were. And then Tom Daschel tried to close it. And then the voters closed his career. And then he was done exactly. That's the thing. Yeah, Thunewon. Yeah, because there's my not Air Force base, there's one in Wisconsin, there's,

do we got nuclear bases? Well, not just that. I think you could take some, the American people can take some solace in the fact that the United States government, as much as it's bloated and unofficial and those kinds of things, like you see, you know, it costs $94 billion for NASA, produced a rocket, et cetera, et cetera.

The US military produced and built and designed a six-generation airplane, complete with AI, like in under a year, brand new airplane, brand new airplane, all new electronics, all new AI basically flies itself all under a year. Like, if we wanna do something, we can do it. We still have the best engineers in the world. We still have the best factories in the world. Like, we we still have the best factories in the world. Like we still can

do these things. But the VA, forget it. I went to the VA and it was the worst experience of my life. I tore my leg. Let me read you guys a Washington Post story that's some, I think your parents and my parents may like, Missouri, Missouri school district revives paddling to discipline students. Missouri school district. I'm mom right now is like, yeah. There must be a lot of middle eastern students. A school district in Southwest Missouri is bringing back a measure it last resorted to over

two decades ago to address disciplinar moments, a problem spanking students, classes started Monday for 1900 students in in Casville school district about an hour west of Branson and some 15 miles from the Arkansas border during open house families were notified that the school board had adopted a policy in June allowing use of physical force of the method of correcting student behavior parents were handed forms to specify what oh my god that's not real. Yeah. This is Washington Post story.

This is known as purple, on their child, formerly known as corporal punishment. The discipliner measure usually involves striking students on the buttocks with a wooden paddle, a teacher or principal must send a report to the superintendent explaining the reasoning behind the punishment. I'll bet you anything, those kids are gonna get better grades.

They're not gonna skip school and their future. Like, do a percentage of how good those kids are gonna be in college and the most kids are gonna be amazing, bro. Because that's what's like to me, society has gone down the tube. I might just keep... By the way, if you're watching this, if you're watching, I can do poll. You can do poll already, okay.

I wanna see what the poll is gonna be. Look at this, look at the card, dude. If you're like, this is a good idea. Give a thumbs up. If you say this is a terrible idea. Give a thumbs up. I'm actually curious. Okay.

By the way, as a parent, what do you think about this? Given the green line, little spanky spank. What do you think? You know what? I'm cool with it. I love it. Within certain standards, I'm cool with it. You're, with insertion standards, I'm cool with it. You're cool with it because no one's gonna

spank your daughters, okay, because they're good kids. I'm concerned because I'm not legal telly. You're okay with let's just give a hypothetical. Bailey acts up in his class one day and the teacher hits her. Bailey is 16, I think you need to dive into this and see that it's... Okay, so bro... Second grader under.

Okay, so when they were kids, let's not... When brook was seven years old, ten years old, you'd be okay with the teacher hitting them? No, no, no, no. This is like five, six-year-old. Have you read the book? Okay, let's see what age they're talking about. But the point is, would you be okay with it if they were younger?

Within standards, yeah. You'd be okay with teacher hitting your kid. Wow, not meeting. The teacher is not hitting the kid. They find it different. They're invoking a spanking. Do I'm telling you a spanking? What's it doing?

What's it doing? What's it doing? A spanking and a eating. A spanking is a spanking on your butt, dude. That's what's wrong with society's, because nobody gets spanked anymore. I don't know, I just walked to it. Listen I'm old enough to remember I remember I was in I think second grade of the time I remember teachers would pull your ears. Yes.

And bring you up to the front of the classroom by your earlobe. I'm like what the fuck is happening right now. You're not my mom and teachers would do that. That's on. We had in fifth grade they had a board of education and on a board, like a paddle. And you know why we stayed in line because we didn't want to get hit. I'm dead serious. I did crazy shit, but I stayed in line because I knew that they hit me. That they hit me. And then they call my mom and they're like, I've got trouble. They call my mom. My mom, I walk home. She'd be in the balcony and I had that Middle Eastern look. But P.B.D. this is what Dylan's age and shout out to you somebody just did a super chat Users name is big daddy brown nine big daddy brown nine gave 20 bucks incredible for this 20 bucks

And he says the only person who gets to paddle me is Adam Nice shout out done for 20 bucks 20 bucks That's it. That's it. You feel right there. No, but it like a listen I I for us it was a ruler between your fingers and they squeeze it Wow It was Roller between your fingers and they squeeze it Like this shit. Yeah, okay, and then it was take your shoes off and socks off and lift one your feet up They would hold it and they would hit it with a ruler on the bottom of the floor. This is in Iran?

This is in Iran. Okay, I mean, this is a whole different... Let's go to America here for a second. Yeah, I'm surprised. I'm surprised they didn't like it. Well, you know, Missouri, Iran, Iran. It's a lot better. Better you understand, and it has lizard.

But that's what it was, and I'm actually not joking with you, that's what it was in Iran, okay? So, I look how you turned out to, I'm actually shocked it wasn't way worse. It's a ruler between. Okay, so I look like you turned out. I'm actually shocked. It wasn't way worse. It's really between fingers. When I grew up, I had friends who went to Catholic school. And they used to talk about the nuns with the forearms

and a tattoo of an anchor, you know, like Popeye. It was like, man, Sister Mary, watch out. Yes, she's crazy. She's like, she's like, buff. Sister Mary, getcha. They talked about it, you know. It's like, I was failing penmanship, of plus we in my hand with the way we just had our friend the priest on recently So I mean these people are they go without

Getting their rocks off. So this is like you know SNM for them these sisters and fathers don't go there I don't know you think I'm going They win the church went there buddy the churches don't bend there. I don't know. You think I'm going there? They win the church went there, buddy. The church is there. They win the church, guy. The church is there. What do you mean? They win there.

I can't comment on the church now. Not now. Who's there? What do you, big tech Tom? You're just restricting my freedom of speech. By the way, Alex Patino just said, while growing up in Mexico during the 90s, my teachers used to hit us with big wooden rulers,

not only being pulled by ear also, but by the hearing growing beside your ear or fist close hit on the head. Wow. And I bet you he has a good job. He's a good person. He's a good person. He pays his taxes. You know, every, every grandpa right now that tells a story of the wooden battle with

the holes in it, the tape wrapper on the handle is going, you don't ask to see. They're complaining about the generation, how bad the youth are. They're going, you're going holes in it. The tape wrapper on the handle is going, you little bastard, you're gonna see. They're complaining about the generation, how bad the youth are. They're going, you're gonna see now. Are you assuming that? It's hurting around the closet right now. If I'm trying to fight it, there it is. If a kid gets hit in school,

they'll turn out to be a better kid. I think, and this is my opinion, again, the generation that I was in and I think up to one or two after mine, we got disciplined, we didn't get it, but I hate when people in and I think up to one or two after mine, we got disciplined We didn't get it. I hate when people so beat I never got beaten I got hit and I heard those words wait until your father comes home that shit instilled fear and we knew Staying certain line. Yeah, I went a little bit to the right

I went a little bit left but knowing that there's a consequence for your action That's why everything so fucked up right now. Sorry for my French because now like when you back in the day when your parents Like don't touch this and you kind of went close like you know not to do it now kids are like what are you gonna do call the fucking cup I own you because you can't even touch me now They send you to the principal and they suspend you for three days and the kids go on awesome Yeah, I don't have to go to school for three days exactly that so when you knew Pelle when your dad was gonna hit you You didn't do it. I mean, you screwed it around it. There's no discipline now.

You can't talk to them because their feelings are protected more than anything. You know, there was a part of this that used to be in boot camp in a military that they used to do. They got away with it because it was abuse. You know, there was this also in military a lot. They had it on school in early 1820s. We also 1820s.

And gradually, they went away saying, this isn't healthy. You know, I don't know. I don't know if there's many ways to discipline your kids, many ways to discipline people, many ways to punish them, many ways. So then the argument that becomes, if you're okay with this, are you also okay with the death penalty?

Like, how do you feel about the death penalty? I'm okay with that in certain instances. For example, give me which is certain instances. Insider trading. Nancy Pelosi. Nancy Pelosi in her husband. What, like I told you, Nicholas Cruz. So for instance,

the party was she's the mass murder kid, like the Evoldi guy, the Marklin, like off with his fucking head. I like okay, and potentially his family. Yeah, I remember we had that many. They put you like in that court while you're a handcuff and the family gets to have their way with you while you're a handcuff for five minutes. If you live, go to jail. If you die, you die. I would fucking pay a review that.

Totally okay with these. You killed my mother. You killed my mother. I were gonna beat your ass in court. And if you die, that's it. And we pay per view it. That's my favorite. I'm actually okay with that.

You're turning into a business model, which is interesting. Tom. You and Tom, that's his blue ocean strategy. That's it. I'm actually okay with that. You're turning into a business model, which is interesting. Tom, you and Tom, that's his blue ocean strategy. That's so awesome. I'm okay with capital punishment. You are. Yep, and I feel that the multi-level appeal in the US appellate courts and the governor's stay is very effective. When you execute an individual in most US states, I think the number is 20 that there's been 20, not just a motion in court, but there's been like 20 different items of appeal. And it's part of our system, the are you sure? And then ultimately, if the governor agrees, remember, the governor's got the last thing, does he give him a stay of

execution? If the governor doesn't, then we've reached the point and we're done with it. So I'm okay with it, and I think the system works. Now, people are going to say that before DNA evidence, innocent men were executed and we have now found that absolutely be correct. I'm talking about today with all that we have, I'm okay with the death penalty in the United States and the appellate system and the governor's control. I'm okay with it.

By the way, let me read a couple comments here. Step by step DVD in California, in California, instead of a paddle, they use a finger, is what he said. Where's that finger going? Yeah, that's what I thought. Alex Patino said, here's an example of misbehaved children who had no discipline. Just look at all the writers, 2020 summer of love, loot, okay.

KPC, Kindergran flushed a stock down, the toilet, as a prank. Got the belt from the principal 30 years later. I still I still believe he was right. Interesting. Nice. Well, you know what everybody's saying, right? What's that?

Is that kids are going to get paddled because they don't want to transition. Oh, really? That's when everybody in the chat is so fun. They're going to get paddled because they don't want to. I don't want to be a girl. Yeah, shut up. Today's audience got a sense of humor. So sense of humor.

Okay, so Megan Merkel, did you hear about Megan Merkel's comments? She just figures out a way to stay relevant, which, listen, respect to her as a marketer, but Megan Merkel hits at British media. They call my children the N word, okay? Megan Merkel says she hated having to share family photos with the British media outlets whose readers called her children the N word when she was an active member of the Royal family. The Duchess of Sussex was expected to give pictures of her three-year-old son Archie to the Royal Roda, the press pool that covers Queen Elizabeth the second and

her line of succession. Why would I give the very people that are calling my children the N word a photo of my child before I can share it with the people that love my child? The suits alum who is a biracial asked, the bullying was almost unsurvivable. Merkel told Oprah Winfrey and her bombshell CBS interview revealing that she experienced suicidal thoughts. I mean, is there proof pat that like I want,

I want to open stuff when I read stuff like that, show me the proof that readers set called the child, and then we're, I mean, do get me wrong, there's hate and there's ignorant people out there, but like you said, everything that I ever read about her is something about race or something about, like, bro, you're right,

you're like, you're just not relevant, nobody cares. Nobody cares. You know what this is like? And not just some anonymous person that threw it up on the, yeah, the Daily Star chat. Exactly. Exactly. You had drunk people and idiots and just disgusting individuals

that would do that. But where was they mainstream propagation? Exactly. I agree. I'm with you, Betty. I agree, brother. This is like Lizzo at the VMAs, accepting her award, right?

For a million of people claiming she's oppressed. Yeah, she won. She, your number one, you won the best girl, and it's not good enough. She's not good enough. Did you see Mariah Carey calling the Megan Merkel of Diva, and then she was asked, I think it's both a compliment and a criticism.

Carey told the Duchess of Sus, you know, 41 during the Tuesday, August 30th episode of her podcast where she's also diva. But look, to me, if there's a leader's bulletin of the most annoying people in the world, she's on that list. I think that's just simple. If there's a leader's bulletin for top 100, most annoying people in the world,

she's in the top 100 list. Some would put her in the top 10. I'm just being friendly. Why is she annoying to you? Because when a person is so constantly desperate to get attention and be relevant in this manner for doing what? Like what did you do to get the attention

that you're getting? Okay. It's constant. It's constant complaining. It's constant victimhood. It's constant, oh, poor me. It's constant victimhood. It's constant. Oh Poor me poor you you are treated royally. You an overnight nobody you are Nobody knew who you were the night before then all of a sudden you are who you are and you're acting like you're above the average person

You're very annoying simple as that. It's a very annoying human being. I've got a maybe a different take on this Because number one let's just if anyone is using N word like disgusting, horrible, now I don't give a shit, I don't care if it's Meghan Markle, Liz or I don't care, disgusting, like no, I don't accept that whatsoever. Now, she tell me as part of a, who was the girl that was married to Johnny Depp? Who was the other?

She's part of that community. Okay, so even more so, you know who I put this on? Not on her, I put this on Prince Harry. I don't disagree. Okay, so this is someone who's, you need to like talk about getting red pill, red pill community, Johnny Depp, or even Will Smith.

This is someone where Prince Harry should have said, listen, this is my family, this is my lineage, this is my literal kingdom. I'm lineage. This is my literal kingdom. I'm bringing you into my world baby girl. Here's what you can expect and you need to act accordingly. If not, I'll go literally get a million other women who will come in and gladly marry a prince. He made her a princess.

Listen, we've all stayed coming to America, okay? Shout out to Eddie Murphy. But this is on Prince Harry. He should have kind of been more manly and said listen, baby You might deal with some negativity. You might deal with some drama Act accordingly, okay, you're gonna be a freaking princess. How many other way are gonna say sure? Whatever you want me to do buddy, so on one end I do understand that she's annoying what have you but I do understand like the negativity where this kind of stems from

But this is on Prince Harry. I agree. I agree. You'll be easy, princess. No, no, you're right. You're right on the situation. All I'm saying is if there's a leader's bulletin, she's on that leader's bulletin. Well, let's, let's, the media call her daughter, the inward, the same way, Jesse Smollett was attacked in Chicago by two white supremacists. But this is a matter of country. You know what it is? It works. It does. It works because it's such an easy card to use.

Yeah. I've been called a lot of words. How many times have I been called a terrorist as a joke? I don't know, 20 times. Can I tell you, you know, what my reaction was when the person was joking with me on that? I didn't. You know, do I come out here and say, well, that was when the person was joking with me on that. I didn't. You know, do I come out here and say, well, I was in a military. My drill sergeant one time joke and said this about me.

Let me tell you it really affect me at some thoughts. No, no, no, listen, that's what was, you know, but to use it like that, we're, hey, feel sorry for, oh my gosh, that must have been a very painful phase of your your life. Okay, it is what it is. By the way, a couple of people gave him some real good commentary with Superchats. Yimi Marino said, whatever happened to in-school suspension, then out of school. My friends and I hated in-school suspension back in the 90s. Interesting.

This next one is actually very good point, Michael Klein. When you force students to wear masks, online schooling and other damaging learning affects to children, of course they'll be unruly. Who really deserves the paddling, the students or the teacher? I don't disagree. I would even say more the administration, more than the teachers, the teachers might just follow under, huh? The teachers might be into it.

You never know. Some of them maybe, I don't know, follow them maybe. Okay, so, and about eight minutes we're going to bring Paul Sanky into see what's going on with these gas prices and oil and UK and, you know, talking about how much it's costing to charge up a Tesla. We'll get into that here in a minute with the electric bills that's happening as well. But Mikhail Gorbachev, you know, who ended the Cold War, dies at the age of 92. The word came out. I think it's yesterday, where this happened.

Yes, I do. The man who ended the Cold War, or without bloodshed, but failed to prevent the collapse of the Soviet Union, died on Tuesday at the age of 92. Russian news agency cited hospital officials are saying, Gorbachev was the last Soviet president forged arms reduction deal with the United States and partnership with the Western powers to remove the iron curtain that had divided Europe since World War II and bring about the reunification of Germany. What are your thoughts on Gorbachev? Yeah, I remember, I remember being a kid in 1987, I was six, seven years old, eight years old, whatever I was, that time and Ronald Reagan,

present at the time, 87, famous words, Mr. Gorbachev tear down this wall. And you know what happened six months later? That's exactly what happened. And that was in 1987. It was the Berlin wall, came down in 1990, Michele Gorbachev won the Nobel Peace Prize, and the whole methodology was he was making relations with the West even better. Fast forward, what, 30 years later, you have Vladimir Putin who talk about relations in the West, could it be any more different

than it was in 1987, 1990? So you're talking about the two largest figures in recent Russian history. Yeah. Mikhail Gorbachev in the late 80s and Putin of today. And wow, have they gone completely different ways in Russia. So the, I'd like to find out what Putin's reaction to his death is. Is Putin spitting on his grave? They were not fans of each other. No, they were not exactly fans of each other. So Putin's reaction is it will be a telltale sign of where Russia is today versus where it was in the late 80s. What do you ask him? What do you remember? What are your thoughts on him?

All I remember is watching the movie naked gun. And grabbed him and I had locked rubbed his birthmark and it goes away and he goes I knew it That is the funniest Mikhail Gorbachev I cuz I I remember those little moments and news and history, but that was so funny man Leslie Nielsen got arrested so hilarious hats off RIP Mikhail Gorbachev, because in his senior years, he changed his mind and he made the right decision and moved things forward. Senior year, what do you mean? While he was president.

When he was at the time that he greenlit the wall, He was fairly entrenched in his political curve. But he got to that point. He saw which way the wind was blowing and he glassed lost as what it was called. Remember that? Was that trust but verify? I remember that was like a nut. Yeah, trust but verify. Right. And Reagan, you're also also mission at Rey at Reagan Vech getting back on the plane. Gorbachev goes out there with his hands at a side like this and he goes, what did you want me to say? And Reagan turned to him and said, you should have said yes. Because they were up there having the salt talks.

And Gorbachev, God bless him, changed his mind. And he went with it. And so I, I have respect for that. Pat, let me get your opinion on this because that was sort of the end of Communism, right? I mean, the end music, who knows where it's at today. But when's the last time a country was like, all right, we're done with capitalism. Where it's, it's over. I mean, recent memory, I don't know, Venezuela. I don't know where the where the ads, but that was the end of the USSR You have family from Russia your mom said yeah, I believe

Washer by John, but I knew you're obviously you grew up with imperialism socialism communism now You're a major capitalist how you processing all that so so so why why did he do that? Why did he flip just think about it? Why did he flip that's the real question? Why did he all of? Why did he flip? Just think about it. Why did he flip? That's the real question. Why did he all of a sudden go from, hey, you were this, everybody wears the same shirt, same clothes, same food, same car, same place they live. We don't have any competition.

People get a chance to spend time together, there together, communism works, car marks was right, that's why did he switch? Why? That's the question everybody has to ask. Not what a noble man who switched. Yes, what a noble man who finally made that decision, but why did he make that decision? That's the question we got to ask.

Why did he? Economically, it just wasn't a choice. He didn't have a choice. Well, no, he did have a choice. He did have a choice. Here's what happened. There was a person who was willing to spend one on one time with him on multiple occasions to paint a picture and learn about his world and then teach him about the world that they

could have over there if he opens it up where they can become a superpower and had a very civil conversation with him. Eventually he said, you know what, you make sense. I hate to say it, but you do. We have to switch, he made the switch and he helped us people out. And that man who persuaded him was number 40 at President that we had in US,

his name is Ronald Reagan. So props to Gorbachev for being open, but props to Reagan for being able to build a relationship with him so he can be open to that idea, the approach that Biden has taken with Putin, if Reagan would have taken that approach with Gorbachev, you think they would have been open to the idea? No. There's certain things about how many things get done when you're sitting with somebody

me, Captain Meekap, and you sit down and you have a conversation with them. And they say, look, why do you do what you do? Here's why I do it. Listen, here's what we do. This is what's working for us. Let me explain to you why you may want to consider doing this for yourself. There is a method to communication.

And obviously Reagan is one of the better communicators we've ever seen in our lifetime. He did that. So there's power in that. Of course, every time anybody from the left or anybody from the right, sits down with somebody that they shouldn't. It's very easy for the media to say what? They're best friends, they're Russia's puppets, they're, you know, Cuba's puppets, they're whatever's

, you know, this is like very easy to do that, but there's an art to getting enemies to say, okay, you seem sincere. Let's talk about it, see what we can do about this. So, rest in peace, Gorbachev, you know, obviously for me, it goes more to Rocky IV, you know, if he can change, if I can change, anybody can change that whole message Rocky IV, I've watched a few hundred times as a kid, that's where the memory comes in of how we were able to kind of figure out a way. It was a unified time at that, you know,

as strange as it sounds, it was unified, we're definitely not. By the way, Bingo, I was gonna go this direction and you beat me to it. Pop culture played a major part of this. George Peterson, when he was here, he said, you know what, something about a 16 year old wearing blue jeans and driving a Mustang, you know, it kind of puts the wind in your sails

when you're a kid and rush on, you're seeing what's going on in America and the pop culture and everything that's happening in the late 80s, it's like, okay, I kind of get, I like that vibe. That's for freedom in that. The Russians have said no to any further development and participation in international space stations. Is that correct?

It's like three weeks ago, the Russians said, yeah, they're not going to be going with this. Remember that started with Skylab and Soyuz, and they built this contraption so that they could dock them together, they built an adapter, so it would connect to Soyuz, and they built this contraption so that they could dock them together, they built an adapter, so it would connect to both ships, and they connected them together. And we did experiments in space with making primitive proteins and drugs.

There's symbolism there is what you're saying. Yeah, there's also pop culture, right? Because let's face it, you're not gonna make eight tons of drugs in space, you're testing things in a weightless sterile environment. But the point was the two superpowers, and everybody's worried about lasers from space, and Reagan's Star Wars plan, and all that. Instead, at the time, we got together in space.

So there's little things like that that went through, and I agree with you. There was like a little togethering that was coming. You probably showed him, Reagan probably showed him putting like a VHS of like the movie Grease. It was like, look how much fun they're having. You guys can have this too, bro. You can have this. The girl would shot with drink, but that guy was a drinker.

Like he'd be, I saw him with Clinton once and he was drunk. He drank, bro. Which I was, and don't send me to drunk. He drank, bro. What show? It don't suit me to this wolf man. Yeah. Right. May he rest.

Let's appease. Meanwhile, Bill Clinton was sitting next to a sex therapist and they were having conversations. I think you saw that? What an impressive guy. I mean, you have to know to be that ambitious at that age to someone improve his game. But not the root.

Not the root. I don't know what you're saying. It's your hero. That's the good, not the root, not the root. Did you know what you're, it's your hero. That's a good, out of any presence in the last. You can see the picture? Yeah, 40 years. Like some people rethinking grow, some people read rich dad, poor dad,

some people read, you know, a power versus force. Bill Clinton reads like, you know, thinking, grow, sexual, thinking, you know, the stuff that he consumes is, he still has it. Yeah, it's on a whole different level. Respect. Yes, some people would have called them in the 90s a top G.

Maybe he would be like, Top G. By the way, Hey, you know, it takes us a interesting, what have we haven't even commented on the fact that he got ban on every single social media platform out of everywhere. Did you have any comments on that on what?

Don't have any comments on Andrews. Hey, yeah. Tell us what happened with that. I mean, what's the question? What do you think about the fact that he got banned? You know, he got banned on a report? I mean, I think it's disgusting. I've said this before and this is maybe, I'll make the analogy here.

I lived in, during COVID, I lived in Florida and Texas. Pretty open states, okay? So I didn't really affect my life per se. There was no writing mandates. This is what you have to do. And not until I started to have, you know, engaging conversations with good friends of ours, you know, I'm thinking of in New Jersey, in New York,

and in California, you know, Ricky, what have you? And I saw the restrictiveness. I was like, oh shit, that's what it's like. But it's almost like the, you know, first they came after the gypsies, but I wasn't a gypsy. So I didn't say anything. And then they came after the Jews. And I wasn't a Jew.

So you don't say anything if it's not happening to you. But as content creators, as someone that is in the Manisfire Red Pill Space, especially all the people that I interview on the Sawzcast, to see someone like, take it, get taken down, it really messes with me. Cause it's like there's nothing he's saying, saying that I think you should be limited of your freedom of speech. And I know the people are gonna say,

well YouTube and TikTok and Instagram and Meta, they have the right to do whatever they wanna do their content, but like how far can this really go? I stand with Tate. Rumble give him a deal, by the way. He, they were gonna say, yeah, yeah, Rumble announced to fight last week or something like that that he's now producing content on Rumble.

We're gonna see what's gonna happen with this guy. By the way, did they ever give an argument on why they did that? I've not heard of this. I've not heard of this. I saw the guideline of just the groups or threatens. So like, what, like, because he's saying something you don't like,

doesn't fit your, your, your, your, your in touch with Tade. What's your perspective on this guy right now? I mean, I've said, I've said what I've said about Tade. I think Tade, you need like, you know, you need somebody like that to give the argument. And if you disagree with them, give a better argument. But until you can't give a better argument, his argument makes sense.

You know, like Bernie Sanders is necessary, so somebody says, well, maybe, you know, he said such and such. Well, what's your argument? What's your, if you don't have a better rebuttal, maybe Bernie's right. What you do, Trump does, what's your argument against? Maybe you have a better argument to rebuttal what Trump has to say. Maybe Trump is right. Maybe AOC is right. Maybe Candace Owens is right,

may so everything like people like this is necessary for the opposition to wanna poke holes on say, well this is why, but instead of saying, do you know what he did to his girl? Do you know what he did to that? Listen, if you wanna play that game, do you know what OJ did? Do you know what this person did?

Do you know what that culminated? Do you know what Putin's still on Twitter? How come those guys are not that? So that argument loses credibility. Well, the problem that I have with this as someone who has been more liberal in their philosophies is the classic definition of a liberal is that you're willing to respect other people's opinions

that are different from yours, right? You're willing to tolerate and be tolerant of other people's opinions. What's happening now with the progressive woke left big tech What have you is you're just shutting down voices you don't agree with? Yep, that to me is un-American Okay, you might hate this guy think he's misogynist disgusting Okay, but that's America, baby

Hate on them all you want, but you don't cancel somebody And that's the problem with what's going on in society today is that people have gone way too far extreme and they forgot what being a liberal actually means. It's open to other people's perspective. Yeah, and I fall in victim to that tour. I'm just like, this is the way it's supposed to be.

That's how I think. And I learned it from you when you were saying, I like to talk to Communists. I wanna talk, because yo, sometimes you can see like, oh shit, I can see how you think, and I learned it from you when you were saying, I like to talk to Communists, I wanna talk, because sometimes you can see like, oh shit, I can see how you think like that, and how you adopted that idea, because every like you said nowadays, it's this is my lane, if you don't see this lane,

yeah, yeah, let me tell you, let me tell you, there's certain people that there's always a demand for, they're gonna find a home, This guy's gonna find a home. He found it, right? First of all, every day, Rumble was sitting there saying, I'm begging you to cancel Tate. Every day, Rumble was hoping they canceled Tate

and they did and now he's at Rumble every day because he gets to say, at Rumble, come do whatever you wanna talk about and let the audience decide whether they like you or not and Rumble is right. For saying so. Pat, you know what's crazy is, because we had dinner with the CEO and founder of Rumble, Chris Pavlovsky.

What, how many months ago was that? Three months ago, five months ago. And who was under fire at that point? Another than Joe Rogan. Yeah, well really. And we had a dinner, it was almost like a strategy session what turned into a strategy session, where Pat said, you know what, you should do Chris,

you should make an offer of 200 million, match the offer that Spotify gave Joe Rogan, throw it out there and see what happens, what did he end up doing? He did that two days later. He fucking did it two days later. Okay, and obviously Rogan didn't go anywhere, he's still on Spotify, but Kudos to him.

But by the way, there could also be a, one of the reasons why Spotify didn't go anywhere, he's still on Spotify. But Kudos to him. But by the way, there could also be a, one of the reasons why Spotify didn't do anything because they knew if they did, Rumble would have cut that check. Exactly. So Chris almost gave Rogan Spotify the position to be cornered to say, well, we better keep this guy because if not, these billions of eyeballs

are going to go so far. But this is the whole premise of what you talk about Free market capital is so good. Give me another option here, baby. I love it. McDonald's Burger King starbucks. Let's go. Oh my god.

Okay, all right, sounds good. So anyway, we should get in touch with this guy. Tate and maybe try to do something with him sometimes. Eventually we will. We've been speaking with him. Eventually we will and I think it'll be a big hit. But if we do, it won't be a one hour or two art. It should be like a five hour, something like that.

Marritaan, where we talk. Who knows? Maybe some cigar, maybe some drinks. Yeah, man or man. Guys, if I don't get to go if this thing happens, I'm going to be very upset. We got it, girl, whatever. What are we going to show next? We'll see. I don't know if you're, I don't know if you're, where we're meeting. upset. We got it, you're all, whatever. What are we going to show message? We'll see.

I don't know if you're, I don't know if you're, where we're meeting. If we do this meeting, they don't allow people that have nuclear clearance. God, I think I, I understand. On a more exciting topic, CNN, we're trying to really be less of a democratic mouthpiece.

What? What a story here. Wait, they were a Democrat. They let, they lean left. The news and that you don't now. You don't now. Now under warner discovery corporate banner and let's since spring by cnn world wide chairman christliek is trying to inject more balance into its program and become less radio

active to the republicans how in the weather that can be accomplished remains a mystery cnn has to figure out what it wants to be said carol castello a former anchor there and now a journalism instructor at Loyola Mount, a mayor of Mount University. Former President Donald Trump portrayed CNN as an enemy, and a new, and a few research centers study illustrated the impact that had on its followers. In 2014, Pew found that one third of people who identified or leaned Republican said they distrusted CNN as a source of political news by 2019 that number had

shot up to 58% higher distrust in a New York Times by Washington Post-RMS NBC. If you wanted CNN to gain back credibility, what would your feedback be to them if you're sitting on their board? What would you say to them? I think this is a move that they need to do. I had a respect as guy Chris Lake coming in. What was the, who was it? Jeff Zucker, who was it, Jeff Zucker,

who was the former CEO of CNN? I look, you know, they, CNN, I remember a time when CNN was actually respected and credible throughout the country. The voice and James Earl Jones. This is CNN. Yeah, thank you. They were the most trusted nameless.

You know, so listen, I, I, I don't even watch CNN at this point. But listen, I don't watch your house. It's just CNN. That's not true. You're like every airport in America. CNN is on. I watch one person on CNN, one person, and I'll stand by this the day I that I think Farid Zakaria is one of the smartest people on the planet.

Farid Zakaria, he's got a show on Sunday. Other than that, you know, you could throw Jake Tapper into being credible. is one of the smartest people on the planet. For Rizakarya, he's got a show on Sunday. Other than that, you could throw Jake Tapper into being credible, Wolf's potential, a little bit credible, but like this dude right here, what's his name again, that just got fired. Blind stealth, right? Blind stealth or the Don Le Mans of the world,

when Don Lemon started crying, on the day that Biden won, it was like, all right, what happened to real journalists? Listen, listen, I can spend an hour talking shit about Fox here. There's a difference between real journalism and opinion journalism. And I'm okay with opinion journalism,

but I believe that there should be a disclaimer on the TV, this is my opinion. The same thing goes for Hannity, the same thing goes for Laura Ingram, but don't pretend to be a real journalist down the mountain and then it just be your opinion. Yeah, but the same thing goes for Hannity, the same thing goes for Laura and Graham, but don't pretend to be a real journalist down the mountain. And then it just be your opinion. Yeah, but that's my point. And what makes what makes Tucker Carlson was number one in television. Different than any single one of these people. Because I mean, he's obviously he's a Republican, but he's just saying the facts and he's pointing out the

hypocrisy and the stupidity of the other side. What makes him so love and so viewed? Because these guys are spewing the same shit if you think about it. I mean, he's just smarter than them, but in the same time, the majority of what he's doing is his opinion. Yes, he's mixing in facts. Yes, for the right court. And funny writing. They don't have a good writing. But there's a reason that the opinions start at like six and after and the real journalism,

whether it's Brett Baer or whoever's on it. Yeah. Four o'clock. That's Nil Cabuto. Like Nil Cabuto. I love that guy on Fox News. Charles Payne. Oh, that's legitimate.

I'm a huge fan of Cabuto. Powerful. I'm just great. Yeah, I got one idea. Not to cut you out, but I got one idea Pat, to make CNN have a good voice and have a good vision. Whoever they hire to read to make CNN have a good voice and have a good vision. Whoever they hire to read the news can have never voted. Not left, not right.

Not Democrat. We don't want you to have voted for shit because I just want the news. But I want you to be biased. I don't want you to have a difference. Just tell me the news raw and uncut and let me figure out what I want to do. Pat, I want to get your opinion. You have to actually respect this move. Okay. What's the alternative? Just doubling down on the left ideology or just saying, you know what? Let's go back to what Ted Turner envisioned in the 80s. And let's just actually just get closer

to center and being a credible source. What are your thoughts? Yeah, I look you know when you come in a new owner buys a dying company Okay, when a new owner comes into buy dying come there's a difference if you buy a growing company a steady company a dying company When you're buying a dying company, what's the first thing that goes? To see you leadership. Yeah, everybody first on your fires I see you all then you go through all the executive team and you bring your team in some first thing you don't you do it That's part of the deal that you do. We're willing to buy, but you got to go. Yeah, that's like if the ship is sinking, the captain goes first. Exactly.

And we're going to ask you to sit and do whatever you're doing here, but you got to go. Okay, sounds good. So it's fair to say this is a sinking ship is what it is. Okay, CNN is. According to ratings, you're absolutely right. Ratings, dollar, every possible way, they're getting destroyed right is. Okay, CNN is. According to ratings, you're absolutely right. Ratings, dollar, every possible way they're getting destroyed right now. Okay. So if you come in, what do you got to do? Well, the bottom's got to go. Don Lemon is got to go. Brian Stelter

has got to go. He went, by the way, this picture, if you can zoom in on the picture here, if you guys can do that, by the way, that's, look at that picture right there. CNN heroes. Okay. That guy's 36 years old. That guy's 36 years old. That's the thing. He does here. If you guys can do that, by the way, that, look at that picture right there. CNN heroes, okay? That guy's 36 years old. 36 years old. That guy's 36 years old. That's the thing. He does not look 36. Okay, so first thing you got to do, restructure, fire, and then you got to bring some people from the opposite side. You got to bring some people from the opposite side. So CNN, if I'm really trying to make some stuff work,

I mean, I'll give you something here, they would never do it, but I'll give you some stuff here. I'd go off for Tucker 40 million year, okay? I would do that. I'd go off for Tucker a five year 200 million dollar contract is what I would offer today, if I'm running CNN. Or you bring back like a crossfire. Yeah, I'm gonna go do that. I'm gonna go I don't want to be a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who's been a man who Russell Russell brand, I'm gonna bring him. I'm gonna go out there and get a younger hip hop audience that's getting people to be on both sides of the, I'm gonna be on a recruiting spree of getting people on both sides to bring him to CNN. And then we're gonna talk about who do we wanna be? What's the long-term vision?

Here's what Ted Turner built a company for. How far off are we from the vision? Okay, we're gonna go talk to some of the OGs that used to be there. You can't talk to Ted Turner right now. We're trying to set up a meeting with tetranger But his his health is not doing that well. I'd go talk to some of the original people What was the vision? What did you guys talk about? What was the excitement?

What were you trying to do? How much do you see dramatically distinct having changed? I'm gonna put a room full of 20 people from the OG OGs From the 80s OGs. I'm say, tell us what you see happened here. I want your feedback. What would you do? I would hire them as consultants for each of these guys, $40,000, $50,000, $100,000 will be consultants for a couple months to kind of go back to the vision. And it come out with a new vision.

Here's what we're going to be doing. And you've got a fire and go through an ugly phase of six months, 12 months. And then 2023, you say, guys, we'll be competing for the number one spot in 2024, because 2024 is super bowl. You know, election is gonna be coming back here. We have to be ready for 2024. So 2022 is the year where you're trading,

you're firing, you're releasing, you're doing all that stuff. So if they do that, the brand is a recognizable brand. Like, today, I'm interested today in buying a couple media platforms. We're having calls right after this. We got to call Matterfacts because I want to buy a couple well-known media platforms, but I have plans to buy them. There's certain things that we're going to be doing and we're not buying those that are doing very well. We're buying brands and we're talking to brands that are actually struggling to come in. But they're massive brands that you know

about to take to the next level. So the person that is currently leading it, he sounds like it's brands that are actually struggling to come in, but they're massive brands that you know about to take to the next level. So the person that is currently leading it, he sounds like it's somebody that could pull it up, but we'll see what's gonna be happening there. That's what I would do. Okay. I think you're absolutely right.

And you got straight to the how. I'm gonna give you a great company that did this once before, it was Harley Davidson. Harley Davidson was not what it was, and it got bought, and they moved out leadership and they had the whole thing was prove it with the product, prove it with the product and the hog Harley owners group when they proved it with the product they rejuvenated the whole thing but they had to prove it and the product in this case is and I love the Tucker idea is the owner talent

and the editors that are balancing the news delivery and I think if they idea, is the owner, talent, and the editors that are balancing the news delivery. And I think if they prove it with the product and they do what you're saying, or something very similar to a pat, I think they get there. Because you had this beloved brand, Harley Davidson, it was known for low quality crap bikes. And yet it was this legacy of, you know, if American transportation.

By the way, I would have loved to buy CNN. I'm not in a position to do it, but I would have loved to have bought CNN. I would watch it. And mix it up, and I would have brought a Paul Sankie and to help us out with that. But I think we have Paul Sankie here with us. Yes or no?

Can we, Paul, can you hear us, Paul? I don't know if you can hear us, Paul. Can you see us and hear us? Yeah. Okay. Fantastic. So listen, we're excited to have Paul Sanke here just for the last 15 minutes here to get some commentary on what's going on with this energy, all these stories that we hear about Paul, we appreciate you for making the time. Paul, 30 seconds for people that don't know your background,

if you can kind of share with folks, you made some really interesting predictions that at one point we're in popular, but you ended up being right, and you've been doing this for 30 years. I think you first called negative oil prices when COVID hit with your research from Sankey Research, but 30 seconds background for audience that doesn't know you.

with your research from Sanky Research, but 30 seconds background for audience that doesn't know you. I think, you know, the single moment would be, I was the number one ranked soil analyst on Wall Street for three straight years when I was working for Deutsche Bank. So that was in 2010, 2011, 2012. And then I joined a boutique wolf research that I was briefly at a Japanese bank in Zuhu and then I started thank you research.

So you know, you could call me a former number one analyst on Wall Street or something. I like that. I like that. No big deal. I like the way you say it. Okay, so now the audience knows we're not just talking to anybody.

This is somebody that in the space respected by millions and you see them on media news being interviewed all the time so paul i'm going to read to you couple things i saw here that seems a little concerning and i want to see what thoughts you have on this so uh... you know california newson comes out talking about how their plans are to ban uh... new gas powered cars by twenty thirty and they seem very proud about this decision that they wanted to 2035 and they

seem very passionate about this. It's the story I'll read from LA Times by a car in 2035 and you won't have to decide whether gasoline, diesel or electric. You won't have a choice. Siding an urgent need to address climate change while cutting back on air pollution. The California Air Resources Board voted Thursday to require all new cars and light trucks sold by 2035 to be what it calls zero emissions vehicle. If automakers fall short, they could be charged $20,000 for non-compliant vehicle. The Air Resources Board said, if consumers don't go along, that could cause big problems under the new rules, 35% of new cars must be zero emissions by

2026, 68% by 2030, and 100% by 2035. How realistic is this when you read a story like this? It's not. I mean, if you listen to the auto makers, they're like, we don't think we can do it. And if you listen to the Californian energy management, they're saying we're going to have brownouts this weekend coming. So, you know, they're saying we're going to have brown outs this weekend coming. So, you know, they don't have the electricity system, they've managed the energy system really quite badly. And they've tried this before, by the way, in the 80s, California had, you know, similar, very aggressive targets for electric cars that just completely bombed

and were abandoned. The main problem, as far as the automakers are concerned is they don't think they can make the cars. And then there's questions as to whether people will just go to another state to buy a regular car. You know, they're going to be limitations on the number of cars, you know, where you buy your car and whether or not you can cross the border and crazy stuff like that. One very salient statistic is that there was a study of California even beyond us, I think, for the three years from something like 2018-1920, and 20% of V-owners actually went back to a gas-fired vehicle. So, you know, even the guys that are buying the cars and then changing their mind and wanting to go back,

and it was particularly woman, interestingly, one of the big demographies that preferred the gas. The bigger car is one of the things women tends to prefer, and those tend to be electric. So there's a number of major issues with this in a state, frankly, that is acknowledging its energy system very well at all. Yeah, and you know, you'll hear Pete Buttichard, you'll hear a lot of these guys saying, look, you know, I saw one senator saying, I drove from Michigan to California and I passed by all these gas stations and it was great because I didn't even have to look at them and it was fantastic.

If you can buy electric car, you don't even have to worry about this. And then a story comes up from Norway yesterday saying the electric, the lack of power that they're having to charge a test less cost and a hundred dollars which is pretty much the same as you would be gaso if the argument is climate change if the argument is to you know green let's do that fine that's one argument but the other argument about it's

gonna be cheaper you don't have to worry about paying gas prices et cetera et cetera does that story hold credibility long term? No, it doesn't. I mean, for a start, everybody is resentful about these politicians, because they seem to make, you know, $80,000 a year and all the multi-multibillionaires. And obviously, the relevance of that is that everybody knows electric cars are significantly more expensive than the cheapest gas cars. So, you know, these guys saying, hey, just buy an electric car is insulting to lower income people. Additionally, as you know, electric car prices are now rising because we have significant issues with the materials that go into these cars. And if you look at them from a cradle to grave basis, that is to say, all the way back to getting way back to getting the cobalt and the lithium and

everything else and the amount of material that needs to be moved and the places that you do that like the Congo, like Chile, desperate water problems, environmental problems with the material sourcing, all the way through to the fact that the vehicle is much heavier and will damage roads more. If the battery breaks, it's kind of terminal, you know, it's sort of a 15 or 20,000 dollar replacement cost. There's a number of major issues here, even with these cars being subsidized, they are still very expensive and the price is rising. For the average person that all they watch is the news and the media, and that's kind

of where they get their resources. Like, it's good for me to go buy Tesla, for me to go buy electric vehicle, if I want to be responsible. You know, I saw some data from Roger McCrat, I don't know if you saw that or not, where it takes 60 pounds of cobalt, 30 pounds of lithium, 130 pounds of nickel, 90 pounds of copper, 190 pounds of graphite, 500 pounds of steel, aluminum, manganese, plastic, and other materials to make a single battery, a single battery. To produce a single battery, how much oil do we have to use to produce the battery that we're claiming we're going away from oil and gas? Well, yeah, and actually it's coal-fired power because a lot of the processing of, I want to say, almost all the processing of lithium copper, all of these materials, firstly,

the processing is very dirty business. It's typically done in China, and as you know, China is 75% coal-fired power. Additionally, for example, in the case of solar, 80% of polysilicon comes from China, and that's this considerable evidence that that's made using forced labor with Wiga Muslims. So you know, this whole, you know, that's, I think electric cars are great. I think households with two cars, they should have one electric for short distances. I believe 90% of US vehicle trips are less than 10 miles. And that's, it is more efficient on that basis.

But as you also know, you can't drive long distances without having to recharge for a much longer time in electric cars. So people, I think, want the freedom of being able to drive a long distance when they want to, even though they don't do it very often. And I don't see how all these things are going to do. Additionally, their performance is debatable firstly in very extreme weather, extreme heat and particularly extreme cold.

And furthermore, if the grid goes down, which happens in extreme cold or extreme heat, then you can't charge it at all. So I just don't think that the projections of sales of EVs are going to be, I think they'll grow a lot, but I don't think they're going to be anything like what people assume in their models. For example, nobody models that 20% of California drivers switch away from an EV having more. It's funny you say that because Elon Musk, he was asked the question, I think yesterday, or day before, and I'm sure you saw this. He said, realistically, I think we need oil and gas in the short term because otherwise, civilization will crumble. He told Reuters

One of the biggest challenges the world has ever faced in the transition to sustainable energy and to sustainable economy That will take some decades to complete obviously that is now what California and other politicians want to hear But let me let me talk a little bit about ask you on the British household energy bills to jump 80% to over 4,000000 a year. When you see a number like that, you know, 80% average, 41, 88, a year from October, the regulator set on Friday plunging millions of household into fuel poverty, and businesses into jeopardy,

unless the government steps in, the rise will have a massive impact on households across Britain, and another increase was likely in January as Russia's move to throttle European supplies, drives wholesale gas prices to record highs. This is a catastrophe, Britain's leading consumer rights champion Martin Lewis said,

warning that people would die if they refuse to cook food or heat their homes this winter. What do you see when you see numbers like that? Well, in September of 21, before the Ukrainian Russia situation, I wrote about the gas situation in Europe and said that there would be more people that die in Europe from heat poverty than will die from COVID over the coming years. And, you know, unfortunately, I think there's a good chance of that. So the numbers that you

mentioned were to keep it very rounded. In past years, the average household bill was about a thousand pounds, which would be about one thousand two hundred dollars a year. That set, as you said, to rise likely to five or six thousand pounds. The average British income, the average British income is 33,000 pounds. And so of course, whilst it becomes very expensive for someone who's on the average income, going from one over 33 to 5 over 33%

for those who are on low income, it's extremely, extremely concerning. And the government is going to have to step in. The problem is, you know, the governments don't have a whole lot of money. So it's very tough for them. The big concern is that I think over 90% of UK households heat their homes with gas. And there's also the additional potential for just outright gas shortages, particularly because it's all heating use.

You know, if we get a very cold winter, which we don't know, I suspect there'll be very cold snaps based on recent weather volatility. By the way, 87% of U.S. households have air conditioning, 1% of German houses have air conditioning. So the summer that we've seen here is that relevant. One percent of energy. I didn't know that. That's insane. What I'm saying is that you have a percent of that. I don't know that. That's insane.

What I'm saying is that you have a massive peak of demand in winter and we haven't seen that yet. Now, I suspect that Putin is gaming this into winter to scare everybody and may actually be prepared to make peace in Ukraine, nobody's saying that, but I just have to think it's an outside chance, but it is extremely concerning. Now, if they get through this winter, Putin's leverage will collapse, right? Because they've shown they don't need Russian gas. So there's a significant risk for him that if Europe can pull this off, suddenly he just screwed his gas prom position in Europe, which was dominant and now becomes worth almost

nothing because they worked out how to not use Russian gas. And obviously this winter is the highest risk winter. Paul, what are your thoughts on what's gonna happen with everything that we hear on media? How much of it is true? What's going on with oil prices? Gas prices are going down. It's gonna keep going down with the policies

that are coming up with, well, if Russia does what it does, it's gonna go up, well, this is just temporary. The gas prices are gonna go down before midterms. There's so many that's so loud. And nobody knows who to trust, who to listen to. You've been in this game for 30 years, you know, you were the number one expert in this topic for three years. What do you see going on?

And who do you really trust when you hear all these different information coming at us? Well, I think the administration realized that to get inflation down, they could see that the largest component of inflation was basically gasoline pump prices which as you know is also a very publicized price right everybody can see the gasoline price every time they drive down the street and so it becomes a very significant issue now actually in terms of share of income gasoline prices haven't been that high and you you have to remember that where we're screaming about $4 a gallon and $5 a gallon in Europe, they're paying $10 and $11 a gallon for gasoline.

Crazy. And obviously as a result, they drive much more cars and much shorter distances. But the government realized that had to bring down the oil price and it really only has one tool. And that's the strategic petroleum reserve, which is really reserved for emergencies. But without there being an emergency, which was last November, there was no emergency, they started pulling down the strategic reserve in order to try and get oil prices down. And that was pretty clearly trying to work into midterms, a lower oil price, because politicians

are just obsessed that high gasoline prices are going to get you voted out of office. They then switched up. And by the way, at the time, the energy secretary, Graham Hone, was asked when she announced in November, release of oil, some clever journalist said, by the way, she said about releasing 50 million barrels. And some clever journalist said, by the way, how much world does the US use a day? And she was like, I don't have that in front of me, but I'm getting back to you. I was like, oh my God, she doesn't even know how much oil will you. Well, that was pretty horrific. But anyway, then, as of the beginning of summer, as prices got really lively, the US has been

pushing the government, has been pushing 1 million barrels a day of strategic petroleum reserves going down at the fastest rate in its history, 1 million barrels a day on US demand is about 20 million barrels a day. So it's a huge, a huge pressure on the downside of the market. And what's concerning is they can't do that forever, obviously, because it's coming from strategic petroleum reserves. What will happen when it stops in October, right, before the midterms? And will they have to rebuild it? And in amongst all that, that extra million

pounds a day. Firstly, it's outraged people because a lot of it was exported because the U.S. refiners don't particularly want that specific type of oil that they have stored. So, the fact that we actually exported our emergency reserves is kind of done. And then two, we do we rebuild them. In all of that, the all price really, as of today, is still $95 a barrel. So, you put that much pressure on the market, and you've only got it down to $95. And then finally, within the past week or so, Saudi has said basically that they're going to defend $100 a barrel-ish. They weren't specific about the number, but they basically said we're watching the all price, and if it goes much lower, we'll start cutting production.

So, all of these things of, you know, implying that we're going to have very high all prices for quite several years I would say and as we really reference we don't see electric vehicles and the whole so-called energy transition really making a very big difference. In fact, we now talk about the energy regression because you'll see that global cold demand is in all-time highs There's particularly Europe, but also obviously China in the US even scrambled to replace gas with coal which obviously is moving in totally the wrong direction from an emissions point of view Paul can you just expand on that a little bit more the energy regression?

If I'm not mistaken, Germany is now burning coal. People in Poland are scrambling to get firewood. I mean, Europe doesn't have the energy right now. Russia is flaring natural gas, so they have huge leverage. I mean, what is this winter gonna look like? Because from the outset, it seems like it's gonna be absolutely catastrophic for the EU. Yeah, normal or cold, it's going to be bad. And it's going to involve rationing.

And what you do is you basically shut down industry. You know, so you shut down major consumers, major single source consumers of energy. Germany has huge chemical, I think the single biggest chemical processing for city in the world is in Germany. It has a lot of heavy industry. And the whole industrial complex is built on Russian cheap Russian gas.

So there's a major economic problem. Obviously what the government should do if they get their act together is you protect individuals. So you then make sure that homes get the energy while industry is start. So essentially it looks very bad economically in a normal to cold winter scenario. And they might just pull it off if winter comes in warm, which could happen. You also get the fact that you can get a triple cold winter, which would be cold in the US, cold in North America, cold in Europe, and cold in North East Asia, all of which have cold winters when it's cold and need energy to heat. You can get a situation where you have the opposite, so triple warm winter. Frankly, years ago I met George Bush's chief of staff and he was saying that Bush was

so upset about Hurricane Katrina that the two of them traveled to see the National Weather Center to work out what on Earth was going on with weather forecasting. And he said what they learned is that the weather forecasts are very, very accurate for the next 24 hours and pretty good for the next three days. Pretty good for the next three days. And after that, they don't have a clue. And, you know, we do try to watch weather patterns and stuff and, you know, will blow the flows.

But at the moment, there's been this extraordinary omega effects, which has been this extraordinary hot weather in Europe, but China is currently having the biggest heat wave seen in history ever recorded right now. And so that's also serving to reduce hydropower, which they're dependent on. China's already water short, and I'm sure you've seen the pictures of the Yangtzean, other huge rivers that have dried up. They have a major problem. I mean, and at the moment is staying hot through September. So there's a lot of there's a lot of weather impacts that leave plenty of room for concern, and we're very concerned about China. Not that we don't deeply dislike the communist Party there, but we would like to see ultimately become more democratic, but they have huge problems going into their party congress. So they have a huge party congress,

one in every five years coming up in October when they'll be voting for Xi, and we'll see how they do with the economy being so bad. The Chinese economy being so bad and energy demand being so low has probably been one of the biggest surprises of 2022 so low has probably been one of the biggest surprises of 2022 and that's been very of surprises. Interesting.

Paul, appreciate you so much for coming in and giving insight. It's always great to hear from you and your perspective. I think sometimes the world, when they watch news, they don't know who to believe. It's always good to get a different perspective for someone like you. Once again, thanks so much for Being on the podcast. Yeah, folks to learn more about Paul Sanky Tyler, if we can put the link below Sanky Research.com,'s podcast, give it a subscribe button and a thumbs up. Today we're doing a vault. I'm about to head over to the diplomat

because we're about to have a couple thousand people that are gonna come to the diplomat to be with us at the vault with Chas Paulmentary, Kevin Connolly, Robert Piusaki, Chas Paulmentary, and the fastout, the former CFO of Enron. Yeah. Who went to jail, who was willing to talk, is gonna talk at the event,FO of Enron. Yeah. Who went to jail. Who is willing to talk is going to talk at the event,

which is very exciting. Don't forget about the biggest name who's going to be. Tom Elzwald. Tom Elzwald. Tom Elzwald. There it is. Tom Elzwald. And others.

So cannot wait to see those of you guys that are tuning in that are going to be out to vote with us. For everybody else, we will not be doing another podcast this week. We will see you guys next week, possibly next week sometime. Take everybody, have a great weekend. Bye bye, bye, bye, bye, bye.