PBD Podcast - Barry Habib | PBD Podcast | EP 80

Episode Date: August 3, 2021

During episode 80 of the PBD Podcast, Patrick Bet-David, Adam Sosnick, Gerard Michaels, and guest Barry Habib sit down to talk about topics such as FHFA extending eviction moratorium, rent surging, Bill Maher, and much more! Watch the full podcast: https://youtu.be/xiFX5-Ntt3M --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

We were officially live episode number 80. Is it really? You're up. Michael's out of sauce and Berryha Beep is back here with us. Sporting a nice jacket and a shirt and we got regular. I mean, you're looking pretty good, dude. You got your whole shirt on. I do it again.

So I don't know what sometimes you're just like casual. Sometimes you're gonna 3-piece suit. I like being unpredictable. I want you to not know what I'm gonna be wearing. And comfortable. Okay, so what happened to you today? You said something happened to you on the way you got a speeding ticket on your bicycle.

No, I just, not speeding ticket on my bicycle. Yeah, those are days. So I crashed a wedding this weekend from a buddy of mine from college. I wasn't so much crashed, I just wasn't invited, but they're like, yeah, last minute, a couple of friends are coming. And I ran into a bunch of my friends

that I haven't seen in a while. Obviously since COVID and everything. And they're like, yo, so I was like, why don't you be in the group chat? And I ran into a bunch of my friends that I haven't seen in a while. Obviously since COVID and everything. And they're like, yo, so I was like, why don't you be in the group chat with all the boys, like the good old days. I was like, yeah, let's give it a shot. Wow, did I not realize?

Like everything we talk about here, I'm on more, you know, right leaning, you know, open ideas. My friends are super liberal. Like they're yelling at me. or, you know, right leaning, you know, open ideas. My friends are super liberal. Like, they're yelling at me. I'm the weirdo conservative in my friend group. So obviously, I don't gotta expand about what I've talked about.

Why am I not surprised? No, but it's so. Are you expecting like a no way tap of a situation? No, it's one of those things where it's like, I feel like we're on a danger field, no respect. On the left, they talk shit. Oh yeah, but it's one of those things where it's like, I feel like Ronnie Dangerfield, no respect. On the left, they talk shit. They think I'm an idiot. They think I'm a Maga guy.

I'm clearly not. On the right, they think I'm a soy boy. Well, I am, so I'm mad. They think I'm a socialist man. Socialist comment. It's like, yeah, I know. We talk about it. I thought it was like, I'm in the freaking middle.

I'm in the freaking middle. I'm in the freaking middle. You lost a lot of friends, you know, when you were playing for the Yankees. I thought you were gonna tell us a story like that. No, we've lost a lot of good men out there. This is a good men out there. Playing for the Yankees. Playing for the Yankees.

I don't wanna talk about it. Trains, for agency, never know. This guy crashes a $500 plate wedding. That takes save that money to a home. Well, my point is, I'm in the middle. I know where I'm at now. There's a birthday coming up. You went on a crash.

Somebody's turning 60 years old. I don't know if you know or not. This man who was a former president, I'm turning 60 years old. Would you go to that party? You're not invited. I'm surprised you're not invited to that. How are you not on that list?

How did they do that? In that talk, you never know. Anyways, we got to talk about that. I heard that you might be throwing a party for Obama and Trump. Yes. And maybe you're, you know, the MC of this one. You know, it's crazy.

So it was holding with $5 million on the Trump's. Yeah, sure. But I was on Fox and Friends and we talked about it. And we've raised another million dollars. So we're shy of $6 million. You give $10,000, which was very nice of you. But we're at a shy of $6 million. You know what's the craziest thing about the story? You know what's the craziest thing about the story?

Here's what's the craziest thing about the story. One of the guys gave 137,000 honors, okay? Now, this guy who gave 137,000 honors, guess where he's based that? I told you the story yesterday. He's a corporate lawyer from India. So, in email, we ask, why are you giving this $137,000? You don't even live in America. Look at his answer.

He says, you know I'm giving $137,000? Because when US is at peace, the rest of the world does good. Hell yeah. When US isn't at peace, we feel it. I want to see whatever I can do to help unify US, the rest of us are going to do better. A corporate attorney from India gave 137,000.

Obviously, specifically down socio-economics, political. Go figure. Yeah, wow. Those response. Have you heard back from either the two camps? We're talking right now to both of them, not yet at the directorate contact, I'm too away from the concept.

Is that like a million rupees? Why 137? Very oddly enough. And by the way, any money you too away from the concept. Is that like a million rupees? Why 137? Very oddly. And by the way, any money you give today in the super chat, any money you give today in the super chat, 100% of money you give today in the super chat is gonna go to the raising of the funds

to make that money go higher. Whatever you give, give $100, $10, $500, $1,000, whatever you give, it's gonna go to 100% of raising more money to make this Trump Obama thing happen. By the way, I gotta tell you, more and more people talk about it, the more and more conviction goes higher

that this can happen, more and more. Have you thought about what the first question you'd ask? The format I've thought about is the following. Let me tell you what's the one that I'm most excited about. The format is, first hour I'm asking questions, second hour with the audience wanted to ask questions because it's a long form. Third hour, I say nothing, I just simply moderate,

and I sit in the middle, and I say, what questions do you guys have for each other? And they talk. The last hour is the one I'm really looking forward to. So, a lady on Twitter, Kayf, can pull up this Twitter account and show what she said. Whatever she said, many people have said the complete opposite on the other side.

So a lot of people are making videos on YouTube right now, talking about should this happen, should not happen, people are writing articles about a three China websites wrote about this yesterday by the way, just so you know. That's what we want. Yeah, we have a big Chinese following. So keep going right there. So we have this lady who says not this one, go back,

go up, go yeah, keep going the direction, go on. Okay, right there. So she says, not this one, go back, go up, go, yeah, keep going the direction, you're going, okay, right there. So she says, President Barack Obama should go nowhere near Trump for the rest of his life, neither should President Biden or any other honest caring elected officials. You gave his character, honest, degree, strength and joy as a world leader. The circus is over happy. Birthday, early, Mr. President. It's more like happy early birthday, Mr. President, but it's okay.

So then she retweets the Fox and Friends deal and then go back up, Rochelle, Riley, she's verified so I think she's an author. I said comments like this is exactly why America is divided. The idea of both sides thinking they're too holy to sit down with the opposing parties how we got here. MLK was willing to sit down with just about anyone to unite America, be loyal to America not just your political party. Now, Guy makes a video, says a complete opposite thing.

President Trump should never sit down with President Obama, because Obama is this, Obama's how we got you, Obama's how we divided America. So this isn't like a one-sided thing. There's both sides that don't want the other person to sit there. But I'm gonna tell you this here, a couple of things. Number one, who did President Obama go meet with in March of 2015, I want to say? Who did he go meet with?

George Bush, senior. I'm going to check my nose. 2015, who did he go meet with in a country that he went and it was a first president since Grover, I mean, I don't know, since, was it? Since the president since Coolidge, that visited Cuba. He went and sat down in Cuba. He was in Cuba for three days and he watched the baseball game with who with Raul Castro, Raul Castro and those brothers, worlds like, are you kidding me?

You're sitting down with a communist in a regime like Cuba, and you're willing to go laugh and watch a game with them. Who did Trump go sit down with in North Korea? So if Trump can sit with Kim Jong Un and Obama can sit with Raul Castro, I am sure they can sit down with each other. I agree. If those two can sit down with those two guys, you can definitely sit down with each other because this is the hamster will spin it up there. I couldn't enjoy the Bush senior. I mean, they've developed a great friendship.

Framinal relationship. Yeah. See, different opposing sides of free enterprise or free market system, I can very much see where them sitting down together is beneficial. I don't necessarily know if like sitting down with a tyrannical like despotic leader is really that good. I don't think sitting with chavez or sitting with rolecaster or even Kim Jong-un is really... Decision about whether that was good or not. We're not going to go back and relive that.

The point is if you sat with them and half the country didn't support you sitting with them, why are you not willing to sit down with another president like yourself, you know, and sit down and have a conversation with them? Yeah. And this is, they literally have something in common that what, only four other living people,

five other living people have in common. They've shared a space that literally only, actual handful of people can even remotely understand. I would love to see it. I think it would be history. You would make history. Now, how you can convince them not to wear earpieces and not just regurgitate talking points for three hours.

You know, I don't know. I don't think either of them. By the way, I don't think I don't think I don't know. And by the way, here's the other part. Say they do that. It won't work. It will not work by the way here's the other part say they do that it won't work It will not work because both will call the other one out. I don't think that'll work You have to realize both of them are pretty sharp and pretty bold neither one of them are weak and pushovers

You're not dealing with a Biden and you're not dealing with somebody on the right that say easy push over that you may not want to debate Okay, okay, you're dealing with somebody that you know both of them are heavy weights of their own side So they're gonna sit down with each other and they have things to tell each other great I think both are gonna hold each other accountable But this goes down to your basically your entire point in this podcast is Yeah, come sit down Discuss ideas the best ideas will always win, right? You say that all the time. Yeah. Not talking, we learned that during communism

and what's the terminology they used for that? The Cold War. Not talking does nothing for you. Talking, I would love for you to talk to my super liberal friends and you guys find common ground. Like he is convinced that he's right. You want to kill him on your own eye, but there's no murdering going on here. Slingshot to the sun, I get it.

But that's what it comes down to, is dialogue. You don't make peace with your friends. I think we learn more that way. You make peace with your enemies. I agree. I think you unify. Unifying starts off with sitting down having a conversation. And what's the thing you said the other day, you called it D.

Doug. Doug, yeah. If you unify glue, if you unify glue, I mean, we need more people in America right now that specialize in those three, the fused unifying glue. Anyways, we got a lot of things to talk about. We got the eviction moratorium, which you got some updates for us here to tell us what happened with there. I think you got why the Fed is lying

where we got some things to talk about their interest rates, mortgage rates dropped to a six-month low and refinance a shoot higher. We got a Dorsey buying a company, Google Postpons Return until October, Olympics, Iranian, and Athlete left this country after being told to lose on purpose, once silver at Olympics for Mongolia and dedicated the metal to Israel. We have a lot of different stuff that's going on right now. I'm trying to see let's let's start off with a light store pick any one of them. Pick one story that's light that we can get into. Let's add our special guest pick a story.

Not real estate. No, I say I say we actually let's start off with the eviction moratorium. Kai, what what pages that on? What pages that on Kai? Tell me, is that page nine? Yeah, go to page nine. Okay, go to page nine. Bottom of page nine is where we're at.

With eviction moratorium. So I'm gonna, let's take a look at this. This is a story by the federal housing agencies. So FHFA extends COVID-19 REO, a Viction Mortarium through September 30th, 2021. I'm Friday, the FHFA announced that Fannie Mae and Freddie Mac, the enterprises, are extending the Mortarium,

a single family real estate owned, REO's evictions until September 30th, the REO Viction Mortarium applies to properties that have been acquired by an enterprise through foreclosure or deed and loo of foreclosure transactions. The current moratorium was set to expire July 31, 2021. The pandemic continues to have an outsized impact on the ability of Americans to meet their

monthly rent or mortgage payments. Today's extension of the eviction moratorium protects particularly vulnerable Americans who otherwise would be at risk of losing a place to live. Said, acting director, Sandra Althamson, the are you, Victor Mortarium is just the latest step. FHFA has taken to benefit homeowner renters and mortgage markets during the pandemic. So this has happened in yesterday, Bernie Sanders, AOC were out there marching. I think in DC talking about the fact that we should extend this.

There's arguments on both sides. What are your thoughts on this? So listen, you want to be a humanitarian, and these are properties that are owned by the FHFA. So it's not the same as if you have some of these eviction moratoriums that people are faced with who are landlords. And you can see both sides of it. You certainly want to be humanitarian in the landlord side, but you definitely want to also try and be somewhat sympathetic to the person, to the person who's being evicted.

I mean, both sides, you could definitely see it because a lot of the people who are landlords aren't necessarily large corporations. They're just people that are hardworking, middle-class people. They put their, they purchase a home because they'd like to. These are landlords. Landlords. Yeah. Yeah. You know, and in this particular case, it's the FHFA So this is a government agency here, but the moratorium that's currently in effect for renters is something that you want to be You know, to try and sympathetic, but you also need to think about what's that landlord going through? That's just an individual that's purchasing that's purchased that home and now is faced with somebody living there

in their home that's right now with that. Where are we at right now with that? Because if this is FHFA, we get it. It's supposed to be the end of August that's been postponed. That's gonna be, yeah, but I think that given this Delta variant has become more prevalent, there's a good chance that that gets.

So here's a problem I have with that. The problem I have with it is the fact that states were given $45 billion to help tenants and were given $45 billion to help tenants and landlords. $45 billion to help tenants and landlords. Okay. You know according to New York Times story that came out yesterday, what percentage of that $45 billion has been given to tenants and landlords? Do you know what percentage of $45 billion? Less than 27%.

So here's my chat. I'm by the way, this is New York Times. We're not talking New York Post. It's New York Times writing this. So this is a New York Post, which some may say it's a conservative paper. So if 45 billion has been given to states to give to tenants and landlords

and that money hasn't gone to them and you wanna extend, you can't tell me to extend it if you're holding hanging on to the money that you're supposed to help me out to, if you give me the money, I'll sit there and say, okay, fine, but if you're hanging hanging onto the money, that you're supposed to help me out to, if you give me the money, I'll sit there and say, okay, fine, but if you're hanging onto the money, and I'm only giving 7% out of 45 billion, which is only $3 billion, what are you gonna do with this?

What's their justification for holding on to 93% of the money? Because they can't, what are you gonna tell them? You're gonna write a negative review on Yelp? You're gonna go out there and Yelp%. I don't know if the people that would. Good luck with the government. No, but go to a government place

and see you're gonna write a negative review on something. I see what they tell you. That money's not people that would. Good luck with the government. Nobody, go to a government place and see if you're gonna write a negative review on something and see what they tell you. That money's not coming to you. So in a situation like this, at what point do you say, listen, you guys gotta figure something out. I can't keep extending this. I think the unemployment, if you remember the unemployment during Obama, it kept extending, you know, six months

and it went nine months and it went 12 months and it kept going, extending. Yeah, it was a long time that it kept going. It was nearly, you know, 24 months and it went nine months and it went 12 months and it kept going extending. Yeah, it was a long time that it kept going. It was nearly, you know, 24 months has worked out to, I think 99 weeks was the number, right? And the moment you stopped on appointment benefits, guess what happened to people. The moment you stopped. Back to work. Back to work.

Yeah, I know it's one of the stories you want to cover, but this is a really interesting thing. Right now there's 9.2 million job openings. And people are pointing to that. And the Fed's pointing to that. This kind of leads us into the Fed as well. But the Fed's saying, we're not seeing maximum employment. Well, if you're paying people $18 an hour to stay home, guess what?

They're going to stay home. But there's an interesting phenomenon that takes place. So half the states roughly have now said we're going to end this additional benefit. And what they've seen is something that's fascinating. The number of job creations goes up, but so does the unemployment rate. So people are scratching their heads

and they pointed on the unemployment rate, and said, oh, it's not really a benefit. Well, what happens is, is when you don't look for a job for four weeks, you are now a discouraged worker. So you literally do not get counted as unemployed. As soon as you come off that, you start looking for a job, you start off as unemployed. But so your unemployment numbers worsen initially.

But you at the same time have some of those people who find jobs. So if you have 10 people go back, five found a job, now you have five people that are counted as unemployed. It actually makes the unemployment numbers look worse while jobs are being created look better. But it depends on what side you're on and what you want to point to. You always find what you're looking for. So if you point to job creation stuff, things are good. But eventually as these people then come back to finding a job

and getting a job, the unemployment numbers should come down. So a labor day was supposed to see an end to this additional benefit. So I'd imagine you'll probably see the unemployment rate in September and maybe in October get worse while jobs are created, but then it should start to catch up and you should start going past September. I, you know, the Delta variant is something that people are very concerned about. You know, everybody's talking about masks indoors and this and that. And I think Facebook today said they're requiring well employees whether you're vaccinated or not to have a mask.

Don't really quite understand that. But it's something that individuals are gonna be faced with now going back to work or child care based on this and it might kick the can down the road and might prolong it. You saw Lindsey Graham today, did you see Lindsey Graham's tweet today?

Lindsey Graham who said, I took the vaccine, I went and got it and I still got COVID. So he's got COVID right now, Lindsey Graham. So you have a lot of stories. Did you hear part B to that? What's part B to this one? He said had I not got vaccinated.

He would have been much worse. It's much worse. Situation than where he is. No, listen, here's a part of what you just said. I sent Kai an article this morning from the economist. Kai, if you want to pull it up from the economist, showing percentages of what he called it, people who are taking the jab.

And this is how the economists, not, yeah, they go, the, the, the, the, the, the, the, the, the, the, the, the, the, the economist, the, the economist, there we go. Okay, good. Click on that. Okay. So here's the story that came out from the economists today. It says, it says, a fourth wave of COVID-19 infections, Washington, across America, thanks to Delta variant. Yes, vaccinations have stole that on a 155 million or 60% American adult population. Why using polling from UGov and Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington,

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Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington, Washington predictor of whether an American has been vaccinated or is whether they have voted for Joe Biden or Donald Trump last November. Mr. Biden supporters are 18% more likely to get the jab than those who voted for Trump. That's what you're looking at. Blue, vaccine hesitant,

Democrats, believe it or not, there's still a percentage of Democrats that don't want to get the vaccine. Vaccine hesitant independence are the biggest one there that are percentagewise. Republicans are the biggest, not sure. Democrats are still, by the way, I would have thought not sure Democrats would have been a lot smaller. Look how big Democrats is. Three times. Independence gets a little smaller.

Quite frankly, Republicans not sure decreases a little bit, but Democrats not sure triples right there. Do you see that, Adam, how that looks like the 3x and then vaccinated Democrats or one of us? So what does that tell us? I think that has less to do with the politics and that has more to do with the perclivity towards individualism.

You have people on this side that tend to be more group oriented, follow the leader. You have this side who tend to be more civilly disobedient individualistic. I think that this has less to do with the political perclivities and it has more to do with what your natural. I hear you, but I also think it's both. Yeah, what about people don't believe anything that

Fauci says based upon his track record? I how can you at this point? Yeah, by the way, a good story came out of from USA Today. Pull up the USA Today story. Let's just go into that because the USA Today story, I mean USA Today, would you say that's, left center right, where would you put it? I would say US. They call themselves Fair and Ballots,

and that's pretty far left. I don't think they're far left at all. You're the center left. They're elitist liberal, city liberals. Ky, and that's the story, I think it's on the last page. Okay, the COVID culture war, if you pull up that article, it's called the COVID culture, or at what point should a person's freedom yield

to the common good, USA Today's story, after more than 18 months of pandemic, with one of every 545 Americans killed, that's less than 2%, killed, COVID-19, a substantial chunk of the population continues to assert their own individual liberties over the common good. This great divide, spilling into workplace, school supermarkets and voting booths, has split the nation at a historic juncture when partisan factionalism and social media already achieving similar ends.

It is a phenomenon that perplexes sociologists, legal scholars, public health experts and philosophers causing them to wonder at what point should individual rights yield to the public interest. If coronavirus kills one in a hundred, would that be enough to change minds? What if 110? No matter where one stands, it puts a new spin on the famous line delivered at America's founding by Patrick Henry. Give me liberty or give me death.

So at what point, by the way, one in 545, if you remember at first when COVID came out, they said the R-NOT score is 2%, which means 2 to 5%. If you remember the original number was closer to 5%, then he brought it down to 2.5%, and 2% than 1%. That what? That get the R-NOT. That's a COVID or what? No, R-NOT is how many people would would contract it that you

come into contact with who wrote that who wrote that USA today you want to know the individual author is all right shame on you the to frame it in that manner can I can you pull up the article and total tell me why tell me why that this idea that people haven't already done everything possible to keep their neighbors safe that they didn't shut down Their businesses that they didn't shut down their schools that didn't stay inside their house that they didn't completely and totally Sacrifice their lifestyle and livelihood for a year and a half for the benefit of the common good and now this this asshole is out here Trying to be like well, what will it take for people to give up their civil rights? Yeah, what would it take what do to give up their civil rights? What would it take? What do you mean?

Let me ask you a question. Let me ask you a secondary question. At what point can I say no? I said yes. I said yes to shutting down the business. I said yes to leaving my home. I said yes to staying inside. At what point am I allowed to say no?

Let's use this article as an example. You answer these questions. Right now, if the coronavirus kills one in a hundred, do you get the vaccine? One in a hundred. If it's killing one in a hundred, everybody is on deaf calm. If it kills one in one hundred,

everybody stays inside. We're in the hazmat vaccines. So do you get the vaccine then? At one in one hundred people confirmed, I am in a hazmat suit. Okay, so you get the vaccine. I don't touch it. I don't trust the vaccine. So you get the vaccine. What about one in ten? Do you get the vaccine? It doesn't do. You're missing the point. It could be one in two. I don't trust that the vaccine is the answer. No matter what. I'm just trying

to understand something. Okay. So I want to know why you don't. You have no idea what this vaccine does and doesn't do. You're blindly trusting. Nobody does. But nobody does. Nobody knows. Why do you not trust the vaccine? Why do you not trust the vaccine? It's not even, dude, we're six months, seven months into it. Most R&D on these things take five to seven years.

You have no clue. Anybody who says they have a clue about the long term of the cases, this is completely totally full of shit. And where'd you go to medical school? Just to be clear. Where did you go to medical school? I didn't. I'm just saying. just saying so no no if if you're gonna try to do an appeal to authority Where did you go? I didn't I haven't got the vaccine yet, but if I'm so I'm saying but I'm telling you about where did I go? I'm in a hundred bullshit is that where'd you go to medical school? I didn't go to medical school

I'm not trying to be an authority. I'm not asking anybody. You're trying to be a Thoroughly I'm not telling you to stick something in your body that you don't want. I agree with you on that. So what I'm saying, where are you getting off trying to tell me where I come asking you? Here's my question. If one in a hundred or one in ten, you're gonna say you're gonna go to Hashmat Sue.

I got one in ten, what is it right now? What is it right now? One in two hundred million? One out of five, 40. But let me ask you a question. Let me ask you a question though. Let's go there because here's what I believe. Here's what I believe.

And I'm just being very blunt with you guys. I don't look. By the way, just so you know who this Dennis Wagner guys and then I'll tell you what I believe about this. Cook on Dennis Wagner. She just so you know who he is, the guy who wrote it. His profile is going to be on the left. I'm a vintage ball investigator reporter. You're sitting with him 45 years of journalism under my bill. Most yet there's only public. It's a vocation that allowed me to fly to US Mexico border for a Pulitzer winning project on the wall and break the nationwide scan on veterans health care long the way I also to track terrorists If you want 9-11 tax cover to a patchy sunrise ceremony confronted mafia hitting a semi-devil guvano flu combat support mission Over Iraq in an era of fake news. I strap for integrity. Hope the real information we gather

Now I have a wife dog grandchildren lifelong love affair with wilderness, all of the women in the world, and he's got great. So that's him, right? Okay. Here's a point. You want to know who he was? Now, you know who he is. But this is my concern. Let me tell you what. So this is who is this guy? He's a guy that's. He's a guy that's. This article. Yeah. This is this is based on that. Is he still shame on him? No, no, I'm not being sarcastic. Adam, let me make my point. Let me make my point. I have a sincere question for you.

I have a sincere question for you. I have a sincere question for you. So right now, we are spending trillions of dollars in our US military trying to fight wars the way it was five, 30 years ago. Is that a fair assessment? We're not necessarily spending the military money. You know, US tax dollar trying to fight wars of 10 years from now. We're trying to fight wars of 30 years ago. Okay, that's kind of this on the basis that we're going to go on. So, that's one challenge that we have. Okay, so let's go. You always have to figure out a way to estimate what your enemy is doing and outmaneuver them,

five, 10, 15 moves, right? Okay, we know what China's spending money on right now. What are they spending money on? They're spending money on figuring out ways on how to do cyber attacks, which is cyber warfare is Bio warfare. Those two, right? They're so just go to those two. Cyber warfare, bio warfare.

Article came out yesterday saying the fact that this was a man made a virus built in Wuhan. And this is not a article from a bribe art. This is not a daily color. This is not a, this is an article that was written that saying, hey, this most likely came out of this Wuhan lab. Great. By the way, here's a part to be thinking about. This virus was deadly, but it wasn't that deadly. Okay. I'm not trying to be sarcastic here. It was not as deadly as, now, let's see. And that's with all due respect to anybody that did catch it. Absolutely. Please, we have people that died in the company. We have to pay policies.

But they were talking about 5%. They were talking about 5%. It did catch it and everything like that. Absolutely, please, we have people that die in the company. We have to pay policies. But they were talking about 5%. They were talking about 5%. So I'm talking, why many people have we lost the cigarettes on the world last year, 8 million people. We lost in the world last year to cigarettes, 8 million. Okay, that's a real number, 8 million out of 8 billion. Okay, so but let's go back to this question I got for you.

Here's a question for you. May I say one other thing? Let me wrap this up and I want to make the point I want to hear from you. So say advance. Let's just say we go five years from now, ten years from now, twenty years from now. What is advancement? Advancement means what? You get better. You make better weapons. What if these guys over there create a weapon that is a cyber, not cyber warfare, bio warfare, and it's not 5%. It's not 0.2%. What if it is deadlier? What if it is 20%, what if it is 30%, what if it is 50%.

My answer is not even about vaccine. I don't even go to vaccine. You don't even have time for vaccine at that point. This is not, hey, let me go fight off the vaccine. This is about how do you play defense against it? So what is it? You have tanks? Tanks are not gonna do shit.

You think you have enough time, even when they were saying, Fouchi was saying, it's gonna take 18 months to get this vaccine to be ready and Trump was saying, what, we're gonna get it ready by how many months? Nine months, you remember how you kept saying that? And Fouchi would say 18 months? Trump would say nine months.

You remember that, right? You're not shaking your head saying yes. Man, Trump didn't get any credit for the good stuff that he did on that. My question isn't, but say nine nine months what the hell is nine months so so the point is my my mind goes to the u.s military needs to toughen up their bio warfare defense mechanism and we are weak today if somebody truly was an ugly dirty human being that wanted to truly destroy the world, they could do it today because the math has been shown that this one drug, this one virus

called COVID, if I can make it even more infectious, what could happen? So the conversation is not going to be, this guy writing about the fact that one in 545 would you take the vaccine if it's one in a hundred or one in 10 or one in two That's not the conversation. My conversation is bigger than that. What are we doing as military generals? What are we doing as the leaders that are sitting behind closed doors talking? Oh, we have in those conversations. That's the real question I would be thinking about Not this article to write to get people to debate over the fact that why are you not taking a vaccine? Why are you not taking a vaccine and why you should take the vaccine because the percentives would be higher. So persuading you to take it because in reality, how much research have we gotten? I don't know much research.

Even Fauci said, it's going to take a long time to research, to test, to do this, to do that, to do this. Even the experts said that to us. So yeah, there's a challenge here where people are being questioned on both sides. Well, you walk into gum at the same time? I'm not being sarcastic. Yes, I agree with you. We should obviously prepare for something five, ten years down the road. Well, we can also address what's going on right now. And I got to be honest with you.

I have not got vaccinated. Hear me out, bro. I had COVID, okay. I'm doing my own research. My own research. I agree. Individual liberties. You have the right to do what you want with your body.

I'm hearing way better arguments from the vaccinated side versus the unvaccinated side. In pertinent to what? Just everything. I'm doing a lot of research. Is my own research, whatever I'm looking at, wherever I'm hearing, from what I'm hearing on the vaccinated side,

like even Lindsey Graham came out today, had I not gotten vaccinated, I would have gotten way sicker. How does he know that? Look bro, I mean, how does he know that? And Lindsey Graham gotten way sicker. How does he know that? Look bro, I mean, how does your nose go? And Luzi Grimm's not my guy, how does he, is he a foceteler? That's not my point.

How could he possibly know I would have gotten sick? The point that I'm hearing, again, not vaccinated. So I'm not arguing with you bro, I'm bringing up a point. What I'm hearing from the unvaccinated, are you vaccinated by the way? I'm vaccinated. Okay, you're vaccinated. It's a personal choice.

Cool, I believe in it. Cool, personal choice. I hear you and I agree, and I agree if? I'm vaccinated. Okay, you're vaccinated. It's a personal choice. Cool. I believe in it. Cool. I hear you. And I agree with you. I also agree with you if you're like, look, but what I'm hearing from the unvaccinated side is, I can do what I want, cool, respect, individual liberties, and there's not enough evidence out there.

What I'm hearing on the vaccinated side is. What are you at? Where are you at? As far as what? As far as taking a shot. Where are you at? I'm getting closer to thinking about it I'm getting closer point is yeah, I was at the center. I'm like I had covid bro. It was a three out of ten. Yeah, you know

It was bad, but not that bad. You know, I've had the flu before now I'm thinking I don't know should I take it should I not take it? I'm listening to arguments on the right saying don't do it don't do it I'm making ours in the left you better better do it. You better do it. And I'm being an independent thinker, much like you are. And I'm hearing better arguments to get vaccinated versus not get vaccinated. You know what I don't like? I don't like what we just classified as right and left on this.

It's really individual. There's a lot of people that look, well, it is right. I don't think it is, but I don't think it is to be honest. What are you talking? We just say, you know, there's a great book called april you're talking about trump the president took the vaccine in april this is gonna die of covid because he's overweight and you had covid yeah well no that's your that's your argument that this is a great book called how to allow you to take the vaccine if he if he was

sick no no the point i'm trying to make to you's i i i agree with him this is not a right and a left thing when it comes onto the vaccine oh i i look at the stachats. You just show the stethats. That's exactly, that's called identity politics. That I'm showing, of course I'm showing it because it's a conversation. We just had a good conversation about it. This is good.

The audience is listening and they can make a decision for themselves. But I'm seeing a lot of people who are on the right, taking it. This is not a left, right, middle thing. I'm assuming they are older on a healthier. I don't see a lot of young healthy people on the right getting the back. Or just me. Or young healthy people getting sick. No, you're right. But why would they take medication? Well, I mean, you take insulin. You're not

giving it for that. The argument for that is that whether or not they could get deathly ill or not is, will they transmit it to others? And it seems that the evidence is that you're less likely to transmit if you're vaccinated. So it's not just a me thing. It's like who are my family? Who are the people that I'm around? What are the lifestyle activities that I wanna do? So you can't just think of solely us.

Okay, right. You can't just think of me. My grandma's like, I don't wanna see you because you're not vaccinated. I'm worried. There's a lot of stories about that. I'm like, this is my grandma. I can't see my grandma. I'm like, no, I'm worried. A lot of stories about that. This is my grandma. I can't see my grandma.

I'm like, no, I'm like, holy crap. My grandma's 90 years old. I can't see my grandma now. Look, Adam, here's the thing. I think everybody needs to do their own research on eye research. I have a lot of research. But, well, no, you're wrong. I don't think everybody has.

I think people just listen to the headlines and they say, I'm not going to do it because there's crap in this vaccine that's going to make real sense. So, look, there's evidence that there are long hauler issues if you contract this thing. And then there are potential issues that if you get the vaccine too. We're not saying that either one is perfect.

But for me, I went really deep and researched messenger RNA. I did not want any other vaccination except for the Moderna or the Pfizer, because I believe in the science of messenger RNA. I heard similar things. Johnson and Johnson's more of them. People don't think I'm full of it, but this is the God's honest truth.

My mother's best friend's son died 33 years old. He was an RN, he got the vaccine three days later, died. Now, could be anything, they could look correlation is not causality, I get it, or causality's not correlation, fine, whatever. Maybe it was an anomaly. Guy had a heart attack at 33, died, RN, in good shape. So I'm not saying that one is connected to the other.

It just seems oddly strange with the timing. Seems oddly strange that Hank Aaron died days after. It's oddly strange. And I don't trust, and this is the God's honest truth, they are too invested in a narrative right now. I do not trust the numbers that we're getting. Okay, so it makes it hard when we talk about do the research and trust the science, bro. I cannot, because I can't ascertain what is real

and what is not from what we're getting from our government. Let's add to what you're saying a little bit. To what? Much gray area right now. To add to what you're saying, a lot of the deaths that you're seeing when they report like five like one in five, 45 who contracted, die, a lot of the deaths because of the financial arrangements within hospitals

were marked as COVID deaths. Even though I know people within hospitals that have told me this, they're marking COVID deaths. COVID and dying with COVID. That's correct. Completely different things. That's right. Perhaps they had it, they died from something else,

but they were all COVID deaths. Yeah. And even some, well, they didn't even know they put COVID deaths because the hospital's, it's a financial, it's a financial benefit. Well, let me tell a quick story to that, because I deal with it. 39,000, if they get on a ventilator,

18,000, if they come out. I have the flu, and you get diagnosed with COVID, $18,000 per patient, no questions asked. I agree. So there's a financial advantage. Two quick stories, and then we'll move on. I, similar to your friend, the RN, respect, no questions asked. So there's a financial advantage. Two quick stories and then one move on. I, similar to your friend that RN, respect, that's horrible. I also have a friend, nightlife guy, DJ and Miami.

Pretty healthy guy, 35, died of COVID. Just got COVID, died straight up. 35, not fat, not disgusting, not overweight. 35 died. Secondly, to your point, ideal in life settlements, which is basically based on life expectancy. We get life expectancy reports on people. Mrs. Smith, she's 82 years old, she's got diabetes,

she's got this, we got a life expectancy report, she was expected to leave between 70 and 90 months. That's how it works, they give you a range, 70 to 90 months, okay. We had multiple reports, two reports, she's gonna live, five, six, seven, eight years, 70 to 90 months. Okay, we had multiple reports, two reports. She's gonna live, you know, five, six, seven, eight years, whatever it is, got COVID, died in two weeks. So did she die of COVID, did she die with COVID?

We had a life expectancy report that showed she'd live another six, seven years, got COVID, died in two weeks. She was on a motorcycle, but yeah. No, she wasn't on a motorcycle, bro. She died, she was in bed. She died in a freaking hospital. But that's the thing about this.

That's not funny. I'm not getting the best. There's no universal answer. There are some things that are going on on the margins on each side. It's why this is such a hotly debated issue. But go back to the thing. That's why I think it was really important.

It was an individual or what's the problem? There's two things I think we need. I think it's really important. I think we need. Two things that we can all agree on. And that was a bad joke. And I do apologize to her and her family. The two things we should agree on.

And it goes back to what you said before, okay? About how in this moment, what can we learn and what can we do? Because if we are going to be so beholden to somebody else, not being crazy and killing all of us, that's a horrible way to live our life. One of the things, I'm a supply side guy. I'm a free market guy. And this has made me reevaluate my thinking on economic freedom because there's just no way,

no matter how much cheaper it is, that we should be outsourcing 90%, 90% of our pharmaceuticals outside this country. China, I think 78% and the other 12% comes from people. 100% agree with you on that. There's no way, and there's no for sure. They can have one bad batch of heart medication and kill 50 million people like that. All right, so I was wrong in my ideology

as far as that's concerned. It doesn't matter that it's cheaper. It doesn't matter that it's more efficient. Why is that supply side guy? That's a clear and present danger to the United States of America. That is a clear and present danger to our our well-being as a nation.

We need to bring our pharmaceuticals specifically here. We have to be making manufacturing and distributing life saving medication within our shorts. That's number one. Number two, and people don't want to hear this. And it's amazing to me that we've gone 18 months and nobody has said anything about this. All right. But who's going to hold China accountable? They owe everybody a lot of money and they owe people restitution for the lives that

they've ruined. And nobody in our government has the ball to even bring it up. Yeah, so listen, that that is a complete different conversation. Here, we just talk about you different things here. You said your points, you said your points. Look, if a person, you know, selective hearing works for all of us, if you're somebody that's, say a person that doesn't wanna take it

because of your civil liberties, you're like, listen, don't impose it on me, you're gonna probably tell stories of people that took the vaccine and something happened to them because your mind automatically is turned on and attracted to those stories. It's just how we're,. We have to understand this part. This is just, yeah, confirmation bias.

We're all guilty of it. So for you, Adam's automatically only gonna tell the stories of, yeah, but Lindsey Graham, dude, you know what? He said afterwards, if I didn't have it, okay. So then that's where he goes, because he's trying to find information to validate why he ought to take the vaccine. More power to him, it's his choice.

You want to do it? I clearly said that. I'm listening to both of them. But the stories then you said is as you told the story of a friend. I was 35 years old healthy DJ Miami boom He died because of COVID right so your brain is going to those stories. It's going to stories to help you But I also told the story of that I got COVID. I didn't get that. It's counter Right so what I'm saying is both of you guys just did it stop. We're all doing it I'm not pointing fingers. We're all doing this. Ain't nobody free of this.

Okay, if Fox is doing this, Yannis, MSM is doing it. The hardest thing for us as human beings to do is to see if we're being full of shit or we're trying to convince ourselves of a decision just because we wanna make our validate that we're making a right decision. We're afraid of making a wrong decision.

Sometimes we are self-suffer and more protective of our own ego's of being right or wrong. So we don't wanna listen. That's a challenge. We all, by the or more protective of our own egos of being right or wrong. So we don't want to listen. That's a challenge. We all by the way, all of us are guilty of it. I'm a pretty big ego guy under some way to just have a big ego and you struggle with this the entire time. Today

the audience wins. They get to make a decision for themselves as far as China goes. Again, that's where I went to. My my direction where I went to is who the enemy is. My direction I always go to is the long-term solution, permanent fix. A vaccine to me is a band-aid. It ain't no permanent fix.

It's purely a band-aid. We're going to be able to put a band-aid on this six, twelve, eighteen months. And now we're being told every year you got to take it because that's how you make it go away. New variants. I'm more interested in permanent solutions. I understand temporary stuff. Go ahead, say it, doctors, experts, present, debate, hash it out, sit down, do all that stuff. Great.

If there's one area atom that concerns me the most is the final. Let me tell you what concerns me the most. Here's what concerns me the most. If you call Adam a Gerard out on an event that took place that you want to have shed on you say I want to debate and we'll have him talk to him about it. If he says no continuously and he privately publicly calls you out but doesn't want to sit down with you you know what it tells me he's hiding something. If he says let's sit down and talk about it you are avoiding the conversation with him and you're talking shit about him behind his back you're hiding something okay if one side of doctors or media's not

allowing the opposing argument to be heard what are you afraid of? That's my fear. Why don't you why don't you have a debate on my appointment? I offered Paul off at $20, dollars he turned it out there's gotta be someone that'll know i offered every he's i've got everybody twenty thousand dollars they all turned it out just so that i have nobody would sit down with rfk nobody was sit on with doctors from the other side you're talking about the max it three times yes yes yes absolutely i'm willing to sit down and talk to anybody about it so you

want to sit on a doctor of k-b about it. Yes, no, you know what YouTube did number one right now If you go on YouTube his page is already on the cover page of YouTube Why he gets all these suggested subscribers? Cuz he's saying what they want him to say we're not That we we don't get to suggest that the views that we used to get what's not worth we're saying what they don't want us to say We're having open dialogue. I simply want to know why an opposing argument is constantly hidden. That's all I'm asking about.

Look, do you know why when I was living in Iran, why the concept of communism got so much attention? Do you know why? Because the Shah kept hiding it. Because the Shah kept arresting all the two days, the communist. So the more he kept hiding it, guess what the youngins kept wanting to do.

Find out more. What's this all about? What are they afraid of? Why do people are so afraid of communism? You know how you beat communism? Here's how you beat communism. Shine light on it. Shine light on it.

Let's talk about it. Bring it up. Let's talk about it. So I bring Slavo Gisek. Let's debate. I bring Richard Wolf. Let's debate. I bring people, trash my arguments,

destroy my arguments. Let's go through it and the audience says I disagree with you Pat I disagree so when you are hiding an argument To me you already showed your co actively suppress my concern So I'm not my concern isn't going out there and doing research backs my dad got the vaccine my household most people in my Householder vaccinated. It's not like we're sitting there saying oh, we're and my household, most people in my household are vaccinated. It's not like we're sitting there saying, oh, we're anti-discentied that, not at all. I just simply ask one question,

why is the opposing argument hidden? I don't know. Tell me why. You don't have an answer for it, why not? Because they're ludicrous and they have no clue what the hell they're talking about. You just lost the argument. There's got to be more argument at that.

Anyways, can we move on from this and get into real estate? Okay. What about the Fed? I want to go to page seven, which is the Fed. Go to page seven, Adam. On page seven. So we got a few different things here.

First story I'll go into is rent on US suburban homes is surging with inventory type. That's a Bloomberg story. Invitational home is in the largest single family landlord in the US boosted rents by 8% nationwide. And the second quarter as company high prices, I'm at strong demand for suburban properties. The company which own more than 80,000 homes boost rent by 5.8%

on renewals and 14% on lease assigned by new tenants. Whole. So if your rent is too grand a month, it's 20 to 80 now is what it is. According to a statement Wednesday, the company also posted core condos from operations of 37 cents per share, beating the average analyst expectation of 35 cents

for the key metric. Barry. Well, this is a big story because when you talk about the real estate market right now, it's easy for people to bash housing, bash the real estate market because they're talking about the most recent numbers is 16.6% appreciation on homes. Unless I agree, that's too hot.

We'd love to see it come back down. But you also have to think about what's the alternative. It's certainly not going to want to pitch a tenth. So if you're going to go rent, your rent on new transactions is going to have gone up 14% as well. So it's almost keeping pace. But the big difference is that with a purchase, if you get a fixed rate mortgage, which is the vast, fast, fast majority, maybe you see your taxes go up slightly, but that's

a pretty small portion of your overall payment. If your taxes went up 2%, that's a small portion in general, probably less than 1% of your payment. But on rents, they're going up almost 6% a year, and you get hit with that every year. So over time, the purchase definitely has a lot of benefit to it, but people are really bashing the housing market. I understand that. We were on last time, we talked about a lot of these things. Look, you have to be careful, you have to make your own

decisions and different markets are different. But in general, if you go by the rules of supply and demand, where's the new supply going to come from to override the demand for housing to cause prices to drop precipitously like so many people are saying, Right? And where's the supply going to come from? Well, that's the thing. What are the losses or what? Well, here's the thing. People say, okay, well, what if a lot of people put their homes on the market and sell them, but where are they going to live?

You know, they're probably, they're going to keep revenue neutral. And we talked about this last time, but you got a lot of influx of first-time home buyers are going to come in. So, builders are going to put them up, but they just, it's hard for them. It's hard to deliver because it chips with appliances to get certificates of occupancy. It's hard for builders because of land and the costs that are involved. It's really tough to build a home for less than 350,000 hours, and that's really whether the man's needed. So it's not an easy solution here, but in the midst of it, it seems like home prices are

going to be pretty decently supported. I don't see this big crest. And people love to compare it to like the stock market. The thing of it is for me is I could sell a stock and be blind. I don't have to do anything. But if I sell my home, there comes a question is where am I going to live?

Replacing. Where am I gonna stay? That's a good question. If it's an investment property, that's one thing. But sure, the percentage of investors is not like it was in 2007 2008 we had you know one person buying several homes remember the movie the big short Of course, yeah, yeah, yeah, yeah, and a condo right so

Well, you know, I don't know I lived with her for two That's great free rest so Brian see that right. I got a vote real quick story about a Brian. Sorry Barry real quick story So we're at all Brian's over here in Boca Ritton man, and then we'll get back to the housing But we we're Adams buy it out the whole bar Adam spent about a thousand dollars No, my cars a thousand dollars on white I don't know if I know I would I would have I would have taken it down If you were grown you were drinking you got to drink that night you dude we were celebrating karaoke so there's this absolute smoke show smoke show atom buys I don't know a

thousand dollars with the white clothes finally gets the talk to her and then goes comes over to me and I was like bro did you get her number he goes dude I already had her number in my phone completely forgot that he had this girl's number so yeah the biggest point of the story is he found his favorite bar of all time. I love the place. Anyway, let me go back to asking the question here. I got a question for you about this. Thanks for the random story.

So the 14%. So the 14%. So the raising rents on new tenants, 14%, existing 5.8%. The numbers on inflation came out last month was what? 5.4%. And that's only a month. Of course, it's 4.5. That's year over year. Year over year. Okay, so 4.5. That's a CPI, PCE, which the Fed likes better, but it's a stupid measure. So give me the number. Which one is more of a number to look at when it comes to something? CPI is more accurate. The PCE, the Fed looks at it. Yeah, Yeah, 14%, let's say 4.5%. So if this is 5.8% on existing, it's 14% on new.

Is this, they have analysts. Analysts are not gonna give numbers like this for the hell of it. Are the analysts assuming that inflation is gonna go to percentage, it's like 14 to match it? Or are they just saying nope there's a demand we can charge this number they're going to pay for it. Okay.

Inflation probably comes down a little bit but this is just because there's just too much demand. It's you're talking about Florida or national. We're talking nationally these are national numbers but really if you go to most parts of the country it's a similar story there's just too much demand and we don't have enough supply on the market. Well let me let me ask you this because that this is something that in Jersey City and Brooklyn where I came from like I never understood and then it was Brooklyn like me. Nice man.

We're part Benson. Nice man. What's second Avenue P graves and wait a minute. Did you go to PS177? No, no, no, no. I went to the school right there in Dehal and Avenue P. What's first? I was on what seven?

St Simon and Jude and then Jersey. Okay, I got you. We were chilling and grudging out of those. I was there at times. We're going to high school again. Good. Good. So, we got high.

With point A GPA, we too, man. So, this is what I don't understand. And it was explained to me as, as reach were the problem because there are entire block bodybuilder. There are entire blocks that stay empty for years. And the rents never come down. So, everybody heard a year ago, two years ago, New York's dead, go moved to New York, everybody's And the rents never come down. So everybody heard a year ago, tears go to New York's dead,

go move to New York, everybody's leaving the rents have not gone down. So they package these things and it's okay for them to lose money because apparently this is apparently the scam that they do. There's like three parts of the scam. All right, well, it's completely legal, but it's a scam.

The first thing that they do, you're only allowed a 3% raise in rent year over year. So what they'll do is they'll make the rent $2,500, but give you three months free. So you're paying $1,900, and then the rent goes up after a year to $2,6. Then they take the first two floors of these luxury high rises and they sectionate them.

So people are getting it on government dime. They're spending $800 to these $2,500 apartments. Then it's prepaid for by the government apparently sectionate. And then the rest of it, they package together like Bizzudo and all these other real estate firms that run these. They package it together and then they sell it on the back end as a reate. So, and that reate apparently is X amount of units times X amount of average rent per month, whether they rented or not.

Yeah, but this is invitation homes. These are single family homes that they own and that they're renting out. These are real numbers. Okay. Yeah, this is not a scam. Invitation homes is the largest landlord in the United States,

and these are all single family homes. So, they're very representative of what's really going on in the world. If, if, so the why is rent staying stagnant? It's not. It's going up 14%. Yeah, it's what's going on. And then while there's nobody buying homes,

people are buying homes. There's a ton of people buying homes. In fact, when you look at the numbers, you have to be careful. The Mortgage Bankers Association last week, they come out with this story. They got so many headlines. And it said, purchase applications year over year are down 18%.

First of all, 18% from a feverish pace. Secondarily, what they don't do, and this way, you got to be careful with statistics. And you have to go deep. Most people don't. When you take a look at the numbers, mortgage applications means you took out a mortgage to buy a home. Well, what about people that paid cash? A year ago, 16% of individuals pay cash. The

recent numbers, it's almost 24%. So there is a drop, but it's not 18%. It's 9%. But inventory is 20% less. Prices are 16% higher. There's less available. So yes, they're going to be less transactions happening. But these are off of very, very high numbers. You have to differentiate real estate in two parts. One is real estate the driver of GDP and how many transactions are generated and then there's real estate if I buy a home will I make money on or lose money on it. If I make money or lose money on it right now it's difficult to buy home. It's a lousy time to buy a home but if you do it the benefits are really really great and then you have to think about the alternative. Why is it? Why is it?

Why is it? Why is it a lousy to buy a home right now? It's awful to buy a home right now because you have to likely bid over asking price. You have a very difficult time because of lack of inventory. Sellers are going to dictate terms and often times. But it's kind of like, look, it also sucks to diet. It also sucks to work out sometimes.

But you do it because the benefits are good. And when you think about this, this is not about perfect. It's about choice. Where am I going to live? Am I going to live in a home that I own? Or am I going to live in a home? What is the opposing argument to what you just said?

So play the devil's advocate. Play argue your own argument and your own world. You're in your world. How do you argue what you just said? It's very difficult to argue against that if you understand the numbers because where I'm at, if I believe that the house, what is the common argument?

What are the common arguments? I think the argument is home prices are gonna drop because they went up. Okay, so what else do you have? So what else do you have? So I'll stay safe renting. And this way I'll be in a position where if home prices drop, I've benefited by that, right?

So renting is, it's not the same as on the sidelines because you're still paying to put a roof over your head whereas that could be giving you some of that towards principle and then the question is appreciation, right? So it's hard to argue against it once you start to see what the facts are. I mean, if you believe there's a housing crash, a housing bubble, then you certainly shouldn't purchase a home. I don't believe that.

I think that home prices are going to be driven higher. So you're saying the Fed is lying to us. The Fed is lying to us. And it's very interesting because the number that almost everybody throws out, there's you see how much is the Fed buying and mortgage-backed securities to keep rates low, and they say $40 billion in up, that's a month, that's a complete bullshit. That's someone like the government that lied to us though. Are you sure?

Yeah, I know, right? So, here's the truth of it, is they're buying more than $100 billion a month, which is an incredible number. Now, last year, they said they were going to buy starting March, $40 billion in mortgage-backed securities. So, if you take starting March, there'll be 10 months, right? So that be 400 billion. How much they bought?

Two trillion. They bought 50% of the marketplace. Now this year, they say they're buying 40 billion. That's all you see, 40 billion, 40 billion. They changed the language and the Fed's statement very lightly to say, at least, but it's over 100 billion that they're buying. This year, for the first six months, they bought $682 billion. If it would have been the real,

if they would have been telling us 40 billion and done that, that's only 240 billion. So the thing that they're not talking about is the reinvestment. In other words, they're holding $4 trillion of mortgage-backed securities as somebody refinances or sells their home. Instead of taking that money in,

they're taking the same money and buying back. And they say, we're not going to count that. I said, there's not a ridiculous argument. That's like saying, don't count my food consumption in GDP, because I'm just replacing it. If my phone breaks and I buy a new one, don't count that to GDP, don't count that as a sale, because I'm just replacing it.

That's a BS argument. They're buying 40% of the mortgage market, right? Now 40% of the mortgage market. now, 40% of the mortgage market. So all this talk about tapering and is not going to destroy housing. If they tap, it's not going to be on reinvestment, they're not going to touch that. So if they say they're the new purchases of 40, if they cut it to 30 or 25, that's tiny. It's very, very small. It's not going to impact them.

But let me ask you, break this down. This is like the macro economics of real estate and it's great. How does this affect the person that's maybe considering buying a house? The bottom line considering renting the bottom line is to the great rates are going to fluctuate certainly But they're not going to go way up there In fact, I believe that rates will probably head lower because The stimulus that we've seen it wears off we know this factually stimulus It gives you a big boost it It causes a little inflation. It causes economic activity. But then what's left behind is the debt.

And that debt has to be serviced and paid. And that slows down the economy. We've seen it everywhere in the world, everywhere through time. And when you see the debt way on the economy, it drives interest rate slower. I think that the 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old-

The 10-year-old- The 10-year-old- The 10-year-old- The 10-year-old- The 10-year- The 10-year-old- The 10-year-old- The 10-year-old- The 10-old- The 10-year- The 10-year-old- The 10-year- The 10- The 10-old- The 10-year-� perpetual stimulus though, man. I mean, that's the, well, that's the thing. There's already a little bit of pushback on the additional stimulus that's going out there, but you're right. That's the other argument. Do we continue to see that stimulus

and does that eventually cause of inflation? Are they considering another stimulus? Because, oh, I hear it. Oh, yeah. Oh, there's maybe, they're always thinking about it. Another way to take your money and put it in their pocket. But the big thing on the agenda

is the infrastructure bill right now. Not hearing a lot about it. That's correct. What do you think that is? What do you think that is? But when you look at the infrastructure, it's not checks. It's the people's pocket. It's human infrastructure.

When you look at the infrastructure bill, there's a lot of aspects of it on the second phase that they want to do, which aren't necessarily to a $7 trillion structure. It is $8 trillion. That's $8 trillion. Well, the balance sheet for the Fed is $8 trillion, which is an insane amount of money.

But the levels of stimulus that we've seen are incredible. In 2020, you had 2.8 trillion in March and April. And then you had December was 900 billion. And then another 1.9 trillion in March is another 2.8 trillion. It's insane the amount of money. What do you do with the lenders, man? I'm in the market right now. And they want no matter what, 20% down.

And they're telling me I got a lot of income and I'm like yeah, I have a lot of people like everybody has a lot of people think that they want 20% down. That's a common thing that people believe, but it's not true. You can purchase a home with 5% with 3% 3 and a half percent down. This plenty of programs available. FHA loan, FHA will do that, but also just conventional loans. You could deal with 3% or 5% after you're put on loan. So what should you are doing? You should, in my humble opinion, you're out, you want to try and be careful on the purchase.

I know it's not easy, but I would definitely purchase a home you don't need 20% down, and I think that you'll do well with that over time. I really do. It depends. If you're going to be buying a home and then selling it a year from now, that's very risky. But if you're saying like most people, I'm going to buy this home, I'm going to live there for eight or nine years, you'll probably do really, really well.

So residents forget investing. That's basically- No, I wouldn't say investing in real estate- What do you mean, I don't think- What do you mean? So if I can kind of distill what you're saying is like, okay, if you're looking for a residential purchase, now is as good a time as you'll get. But if you're looking for an investment purchase, now is as good a time as you'll get. But if you're looking for an investment purchase,

you should probably kick the can. No, I think that an investment purchase is also a good idea as well. I mean, again, you have to be careful about that, but there's a very good probability that the value over time will continue to do pretty well. I'm not saying that. As a realtor, would you ever tell me

there's a bad time to buy a house? Yeah, no, listen, when we were, we were the right question. That's the right question. Okay, so you know, when we were, two thousand seven. The right question. That's the right question. Okay, so you know, you could pull up my clips on CNBC. I used to get hate mail because I said to people, do not buy home in 2007 or don't, you know,

this is a risky time. I didn't like, in fact, I sold my company because I did not believe the market just didn't make sense. But that was a time where we had demand was waning because 33 years before that, you had abortions were legalized, less first time home buyers coming in and builders in 2006 built more homes

than they ever built, they built two million homes. So it's the opposite of today. You had too much demand, too much supply rather, not enough demand, it was troublesome. Plus one person was buying more than one home on average, whereas today, they're buying more. The biggest thing you said on the last time, just everybody knows you're, you know,

Barry, for some who don't know, you're three time, Zillow, what is it, it's called at the Golden Ball. That's a different, that's a Vegas, that's a Viva. This is different, this is a, Crystal Ball. Crystal Ball. There you go. There you go.

That's a wrong convention, that's the wrong convention, buddy, that's Vegas convention, Viva, that's Golden Ball. This is Crystal Ball predicting what's gonna happen to real estate the bullet but what are the things he said last time the difference between o7 o8 and today is inventory we had three point eight i think the number of seven million with a hundred sixteen million house that's insane to think about versus today it's only what do we have right now a million million million forty thousand point two

right now yeah okay to supply and demand that's it but hold,000. 1.2 right now. Yeah, okay. It's a supply and demand. That's a supply and demand. But hold on, now you've got almost 130 minutes. So you've got almost 14 million more households with almost 3 million less homes in the bottom. Yeah, so statistically, it's different data that says, if I'm a realtor, and I'm in that business,

that's the argument I'll be telling every client I'm selling a house to. If you think this is a bubble, 3.7 million inventory in 2007, 2008, versus today is a million 40 to a million two, depending on what month you're on. But let's talk about something that really matters. This is a heartfelt story here that's going to affect a lot of people out there. And I want people to brace for impact. Bacon made disappear in California as big rules take effect. This is a little bit emotional for some people.

It sucks. It is suck. It definitely does suck. This is an associated press story. At the beginning of next year, California will begin enforcing an animal welfare proposition approved overwhelmingly by voters in 2018 that requires more space for breeding pigs,

egg-laying chickens and wheelcaps. National wheel and egg producers are optimistic that can meet the new standards, but only 4% of HACC operations now compliant with the new rules unless the courts intervene or the state temporarily allows non-compliant meet to be sold in the state California will lose almost all of its pork supply, much of which comes from Iowa with little time left to build new facilities.

Inseminate so sales and process the offspring by January, it's hard to see that pork industry can adequately supply California, which consumes roughly 15% of all pork produced in the country, 15% of all pork produced in California. California's restaurants and groceries use 255 million pounds of pork per month, but its farms only produce 45 million pounds a month. If half the pork supply was suddenly lost in California, bacon prices could jump 60%, meaning a $6 package could rise to nearly 10 bucks.

Adam, I'm gonna go to you because I know this is a little bit more closer to you. So what do you think about this? As a Jew who loves bacon, this is disastrous stuff. Wow, that's why I was, thank God I live in the free state of Florida and don't have to deal with this California BS. But something to all my bacon eaters out there, check out Turkey bacon.

I'm about to do a commercial for Turkey bacon. I eat Turkey bacon. It's healthier. It's not as good. Turkey's don't have butts, where's that bacon come from? I don't know, but I know you like big butts and you can have larger, but I don't know. but I know you like big butts and you can have larger. But I don't know, this is, by the way, on a serious note, if you run a restaurant,

if you're in California, if you run a grocery, and you're accustomed to needing about 255 million pounds of pork a month, and now it's only produced on 45 million pounds? I don't think it changes behavior, I think just people pay it and all you're doing is making it more expensive. So you think it's going to go up 60%. I think it just goes up. I think it just go. I think people pay it. At some point you're, but I'm not.

Because I'm not. I can't. But think about it for a full pack of bacon. So what is it going to be incrementally if you want it on your sandwich? Okay. I mean, what's going to cost you an extra dollar? So I'm not. I'm going to pay an extra dollar.

That's what happens. That money. I don't know So I'm not, I'm gonna pay an extra dollar is what happens when it happens. That money, big. I don't know. Look, man, I look, California is just turning into like a foreign universe to me, man. So other California needs to break off, do its own thing. I believe in a volunteer society anyway. If they wanna go have like this, you know,

vegan, utopia, communist thing that they go, have it, just take it. But you can't be serious break off. What do you mean by that? What does that mean? What does that mean, Joe? Go for it but you can't be serious break off what does that mean what does that mean go for it man so they're not a state anymore go for it they don't get all the California they don't get all of it but they look man you want to you want to take you're talking about chaz and Seattle taking a look for it guys go show the rest of us that you're smarter do it do it

make make your citizens happy. Show the rest. Show us. Show us. Go, go put together the, the, the San Andre is kind of you. Are you a baking guy? I'm making, making, making, making, making, making, come on, baking. I think you're, you're baking. I knew, I knew the nation of Islam and I'm taking over. I will eat it, but I'm not really, you're not baking guy. I mean, I'll eat it. My, Dylan loves baking. So I will eat it just because Dylan likes baking. So I will eat it just because Dylan likes baking,

so we'll sit there and have bacon to eat. Bacon egg and cheese on a Sunday morning after that. I'm good with that. I'm good with that. So that's the baking story. But that was, that is a very heartwarming story. Brace for impact. Yeah, I wanted to shut up,

because I know you were interested in that. By the way, some of Bin Laden's family abandoned their Belarus state list for $28 million. Have you guys seen this house? Yeah, you guys need it. Can I pull up this house? By the way, if you would have thought, a matter of fact, before you pull it up,

I got a question for you. If you would have thought the name was Samabind Laden and in a state and Belair, what color would you guess this house wouldn't be? White. White? What color would you say there's no way in the world or Samabind Laden bought a Belair estate

and the color is pink? Pull up the house. This is the house. Type in on some of the lot in house billar, kay? Oh my gosh. You interviewed his niece. I did. No matter if we were texting yesterday.

Yes, she's working, she's good. Kay, in the future, you could just have these tabs ready and go right to him, I'm just saying. Right there, click on that. Click on that. He normally does, but this this one John Cougar Oh, by the way shout out to Kai's new haircut. Has anyone seen that? He's too good looking He's making bigger Kai. It's important for people to see what this house looks like there it is pink

I was right. That's a $28 million house $20 million other house John Cougar if you're thinking about it. It's I'm not a bad idea for you about it. It's, uh, Adam, not a bad idea for you. It looks like the bomb. Good. But, you know, as I started reading the story, I'm like, hold on what? There's been lotns that live in America. This seems really, let me, let me read the soul stories of people get the idea. Some of them, lotns, brother, Abraham Bin Laden has listed his long-time bellarm mansion for a whopping 28 million

dollars. Abraham, who's an older half brother of the late terrorists, has owned the property for nearly four decades. This is a new york post story since 1983. Ibrahim purchased the mediterium villas style mansion for 1.65 million dollars in 1983. What would be roughly 5.5 million dollars after counting for 38 years of inflation. But according to the listing, he hasn't occupied the home since 9.11 attacks. Like Osama Ibrahim was one of 56 children born to the Saudi Arabian construction Taqun, Muhammad bin Awad bin Laden. 56? Yeah, he had 22 wives. Muhammad served as a patriarch of multi-billionaire bin Laden clan, a family with longstanding businesses ties to Al Saoud Royals. Adam Gohad, you were saying something.

Yeah, well look, as I started reading the story, the beginning of it, I was like, hold on, what the hell are you talking about? Osama and Melan has family that lives here in Bel Air. What the hell, like what is going on here? No shit that he's hasn't occupied the home since September 11th. And then, you don't just go with the headlines, you dig a little deeper, like you said, you can't, and I said, all right, he's got 56 siblings.

56 children. From 22 concubines. And all right, that makes makes a little easier to i mean you and i and i circle back to the interview did with norabin lotten who i think is a big trump lady it's just uh... you know how they said the apple doesn't fall from the tree sometimes it does i interviewed a guy yesterday i can't wait for this interview to go live his

name is uh... uh... what's his name i mean i mean and he was a former al-Qaeda member who became an MI6 spy. I mean, it's a fascinating story. The brilliant guy, genius of a guy, was recruited by Osama bin Laden. He was there at one of the meetings

when Osama bin Laden sold them on the vision of what they were gonna be doing. He was part of the camp, he worked with them. He was a person, he says, Osama bin Laden came up and he says, listen, you obviously don't have what it takes to be one of those visionary leaders that people follow. You just don't have that.

I said, I know some of the line and said to him. I said, why would he say that? He says, because I had glasses on and I was small and I was weak. And he wanted people that were strong. I said, okay. I said, so what did he say you could do? He says, well, he knew I was very well read.

He says, I think you can make bombs for us. He said, they taught me how to make bombs. That's the story. And he became an MI6 spy for UK, telling on everything he learned working with us. Pretty incredible that they kept the last name. Like, I feel like if you, somebody in your family does something that atrocious,

I think you just gotta go ahead. Well, you know, Pablo Escobar's son and his wife changed their last name and they went and lived in Argentina Pablo Escobar's son's name is Pablo Escobar But he changes name to Sebastian Marokin. You're gonna have to switch that one up. You're gonna have to switch that one up Yeah, I was supposed to know many made-offs in UK. Yeah, our Hitler's not a lot of Stalin's out there It's probably not a not a name you want to, yeah, that kind of does make sense to him

or I think about it. You know, you're about Sasha. You're about a phenomenal point you just made right there. So my dad tells me, I said that. So why don't you guys name his Sasha? I said, my mom wanted me Sasha. Why did that idea come about? And she said, give a scene a movie.

He said, Dr. Javago. And in Dr. Javago, the communist was Sasha. My dad said, never in a million years Well, I name my son after a communist he named me Patrick although most people in the military told me you know Your real name's not Patrick you look more like a Muhammad than a Patrick. Oh, yeah, I said I'm telling you it's Patrick This is your line to it. Did you get a lot of hate in the middle? Of course I did but being a Middle Eastern But you have to learn to troll back and play with them instead of being sensitive about it. It's a great point of made right there. So okay, let's continue.

Let's continue, let's continue. Okay, next story. Wikipedia, should you trust them? How many of us go and look at Wikipedia? You know, let me see the Wikipedia for whatever maybe. So the founder of Wikipedia said, nobody should trust Wikipedia says founder Larry Sanger says, side has been taken over by left wing

Volunteers who writes off sources that don't fit their agenda as fake News with competing can no longer be trusted as source of unbiased information side the online is a competing a left-leaning volunteer Can cut out in any news that doesn't fit their agenda according to the founder Larry single co-founder Wikipedia in 2001 alongside with Jimmy Wells said the crowdsourcing project has betrayed its original mission by reflecting the views of the establishment He said he agreed with the assessment that the team of democratic leaning voters Volunteers remove content that isn't to their liking including information about scandals linked to Joe Biden and his son Hunter when asked if With Kapiti can be trusted he, you can trust it to give a reliably establishment point

of view on pretty much everything. Okay, that's his comment. Now, how many guys actually use Wikipedia? I actually use Wikipedia. I do, I do. Yeah, I use Wikipedia. I think it's a decent place to go to see what they have to say. I don't know about how much of the stuff they take off,

but I think a lot of people. But I don't use it for any political research. Not in research, I just, no. I look at it for a, who was so-and-so. It's kind of like, what is so important? What is so important? Or they're running like PR for certain people on certain things, and it is constantly updated.

You can throw snopes in the same thing in that. You can throw the Facebook fact checkers in there. It's all, you know, I get a strike against me on Facebook like every full moon. So like two weeks I get a strike against me on Facebook, and then moon. So like two weeks I get a strike against me on Facebook. And then I go in and I see which fact checker says that I broke some sort of rule. And almost 100% of the time, it's somebody

that doesn't exist in real life. They have, they come from Beijing mostly. And you can follow them. You click in, you gotta have no time on your hands like I do when you go in and you click. And you say, okay, who did this? They show you who it is. And then you look at the articles have no time on your hands like I do when you go in you click and you say okay Who did this they show you who it is? And then you look at the articles that they've written and everything like that. And it's it's like

It's straight out of the CCP straight out of it. It's straight propaganda So I have a question on this Wikipedia because this is the first thing they can't imagine left leaning volunteers That's what the article says, right? So they're not paying people. Oh no the volunteers are Volunteer 100% so if you're concerned that it's too left leaning, get some right leaning volunteers. There's a system for it, but, but, you know, there's a system for it. Is there a tummy? Yeah, there's a system for who has enough scoring to be able to write. And, you know, typically people who are unemployed have more time to write. Is this going to make you distrust going on with competing?

Like I'm still going to go on with you. Like let me ask you a question. Do you have time to work for Wikipedia and write stuff for them? No, of course not. Do you have time to go up there and help them work? I got all the time. How are you doing, man? You're going to go help them write stuff up?

Hey, man, I'm here to fight the culture war. After I get off work with you at 11, I'll go and get you right. Typically, whoever has the most time can write a lot of things. But you know, it is scary though. It is scary to think about a resource that a lot of us use independent could be slanted like that. Or where it's where it's revisionist where they will remove or edit things just. But isn't that history in a nutshell? Yes. Whoever wins the war. This is the history. This is the new religion. Adam, I'm telling you, that just like that is. Not new though, it's my point.

No, no, no, this is like the leftist religion that this is taking over the Judeo-Christian perspective that we all grew up in. But it's not new, but it is much more able to be reached by everyone so quickly. You know, it can have much more of a dramatic and immediate impact, so it's much more powerful than it used to be because on their phone

or whatever in seconds go there, you know, but this circles back to what Pat said before. It's one thing to put that there. And that's fine. You have your perspective, no problem. That problem becomes when you start silencing or suppressing or banning any counter perspective. That's the issue.

That's the hard line in the sand. That's this whole like we talked about oftentimes. Well, it's both sides. It's both sides. Yes, it's both sides, it's both sides. Yes, it is to a degree, except in application, right? Because right now, if you have a counter perspective to the establishment, they will silence you. They will digitally throw you in a gulag.

They will take your page down. They will suppress your views. They will shadow-bann you. They will do everything they possibly can to limit your ability to expose your perspective to the masses, while amplifying the perspective that they wanna promote. But this goes back to Pat's point

that if he ever ran a school, the Academy, fault Academy, you'd have two teachers. I'd never have a left-leaning teacher on a right-leaning teacher. I would do it like you two would be teachers for me. You guys would be teaching one class. Oh wow. Because what would happen? No, because think about it.

First of all, you like each other. You guys go party together and you get numbers of girls. You already numbers half. That's what you guys do. And you spend a thousand dollars at bars. By the way, once you announce what bar you're gonna be this week. So people are gonna show up because of the thing you're buying for everybody.

Bo-bo-bo-day. Bo-day. Bo-day. What night? What night? Give the night. Eight nights a weekday. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo-day. Bo- got some of the biggest party in his life. Who, what? We got, going on right here. No, no, no, no, we're going to, that's right, Nikki Jam, we got Sebastian Monascale, we got Mario Lopez, we'll be hosting Mike Tyson,

Frederick, the Civil, all next week, M.G. What's your favorite? Nikki, Jam song. It's the main one. What's the one? It's X. It's, it's, it's, it's, it's, it's the main one.

That's it. Yeah, that one, it's only, that, that's the main song. DVD. Get you going when you listen to it. It's okay. I just saw Sebastian's new show. It's really good. Sebastian's a flip and stop.

You know why? Because the guy is, he comes across as a guy that's an introvert, quiet to himself. He kind of wants to be left alone. The guy's got strong opinions and he's an absolute genius of a guy. His brain, you can see, goes a million miles an hour. Can I give a shout out to a friend? Is that okay? Sure.

Okay. If you guys want, if you like Sebastian Manascar go I got a buddy of mine that's in the New York comedy scene back home and his name is Jason Scoop and he does the single greatest Sebastian Manascar go impression of all time of all time check out Jason Scoop yeah SCOOP all right you're gonna put them on on tiktok or or Instagram you'll love his Trump and you'll love his he's a we will we're giving shout-outs shout-outs. Can I give a quick shout-out? No no more limit I don't care Grandma I love you. I'm giving a shout-out to someone that's very beloved to all of us. It's her birthday miss Nancy trans

Okay, she's here in the office happy birthday. That's our girl. By the way. Yeah, it was George Palae was birthday It was Chris Phelps birthday and it's Rudolph of Argus's birthday This last week they all have birthdays around the same time. They can turn 50 well, we can't give a shout out to him because it's a little shout out to Nancy He wants no one to know he turned 50 and you just told people he turned 50 Greg Greg just turned 41 Okay, let's continue. Let's continue. Let's continue. All right. So Trump Story comes out, man. Apparently this guy's running Trump is moving forward a 2024 presidential election run in a real way And is meeting with the cabinet members at his New Jersey golf club former chief of staff says

Page eight. I know Adam. You're fully surprised that he's running. This is a business insider story Former President Donald Trump made with the Cabinet members at Trump National Golf Club in Bedminster, New Jersey to discuss his political future according to his former chief of staff, Mark Meadows. Meadows, a loyal ally to the former president further teased the potential Trump on the meeting revolved around what comes next. Meadows says, I'm not authorized to speak on behalf of the president, but I can tell you this, Meadows said we wouldn't be meeting tonight if we weren't making plans to move forward in a real way with President Trump at the head of the ticket.

The former president has confirmed that another presidential run is a real possibility. In April, he said that he is 100% thinking about running again. I don't know if he said he's 100% thinking about running again. I think Sean Handen he asked, have you already made up your mind what you want to do? He says, I've already made up my mind what you want to do says i've already made up my mind what i'm gonna do but he didn't say what that meant so having said that are you still in the same place he's running i've said it's a hundred percent i i believe you're not thinking

your mind listen i have a rule of thumb that i've lived by for the past year whatever tom zenner says whatever prediction go the opposite route he predicted trump's not running he's running you know that he never win the opposite route. He predicted Trump's not running. He's running. He predicted. He never win. He predicted. I'm 100% that he tame the sports is actually doing good. I actually enjoyed on by he tame his sports predictions. But Tom is actually he actually the last

podcast I did with Tom on the sports channel. He asked me to do it and I appreciate it. Thanks Tom. He actually said no, no, no, the Milwaukee never want. They didn't win. I honest. I'm like, what are you talking about? He was, no, no, you know, they didn't really win. Like what world are we living in here? So anyway, I do 100% think that Trump is gonna run. I think he's gonna run. I do.

I think he's gonna run. He's gonna run. Oh man, now here's the question. He's gonna run. Does he get primaried? Do they, do they run? No, no, no, no, no, no. He's gonna say, I have to say,

he's gonna be primaried. He's gonna be primaried. He's holding the party hostage. Nobody I'm not saying to say head of them. Do they provide a party for do this? Hold on a party hostage. Nobody's been waiting. I think there's a couple of good, there's a couple of good possibilities, whether they run or not. People are going to want to position themselves as the end result.

Give me someone who actually in the Republic Party can beat Trump. How about the Sanctus? Zero. How about the Sanctus? He'll be his VP. So you can, by the way, the other day, I'm outside playing with the kids.

A yacht comes by, okay? Huge fight and flag. Huge. Would you imagine? It was a flag that said Trump DeSantis 2024. I actually heard something that they can't run together. Tell me, you're the political run together. Because they were both domiciled in Florida and apparently looked this up fact check it you

can't run if you're both from the same state. I don't know. Some just clear changes residents in New York or sure or you know whatever I'm just saying. You can't be on the same ticket from the same thing. That's what I understand. Yeah maybe that's what I actually might be true but okay. Yeah I'm gonna go back to New York and do it attacks It's actually New York. It's a clerical issue, but I mean that's I still think he's running whether it's the Santa Well, let me tell you guys hear the story I hope he doesn't really beating Trump I'm trying to get the article I just sent you from the hill

You guys hear the story about Megan McCain and what she said about The Santas and Kamala did you hear those comments? No, you hear about it? So did you hear about it or no? Megan McCain yesterday was asked about what would happen because they're already thinking of the big view fan, by the way, for people that don't know. Big die heart.

So Megan McCain said she was asked about the idea of what would happen if Kamala Harris was to replace Biden, which that's kind of how the conversation was going. Kai, did you get the story I just sent you? If Kamala Harris were to replace Biden, could the Santis beat Kamala Harris in a debate? So she is lobbying for who? The Santis, right?

If you can mute that Kai, if you can mute. Megan McCain is the de-Santis fan. Okay, go lower, go lower, go lower, go lower. So Harris is approval rating. Link to immigration stands. The co-host reacts to several polls that found Vice President Kamala Harris has the lowest approval rating of any president,

Vice President since the 70s, lowest ever. I know you're fully surprised by it, but it's the lowest. No, I'm not. Why are you not surprised by it? I just don't think she's that great. She got smoked in a primary by her own chain bowl, man. She made history by being a first

female white history. Yeah, that is true. You're not impressed by her as a VP. I'm not at that impressed now. Why did Democrats even bother with primaries at this point? Like they just rig them for who they want anyway. Just tell us who it is. Like why are you having a problem?

Making McCain on Monday. Making McCain on Monday predicted that Florida governor DeSantis would put vice president Kamala Harris in the ground if they were to face off against each other in a presidential election. I think she stumbled when she was running for president. She dropped out before Iowa. She was a very early dropout.

She wasn't resonating with voters way before President Biden was elected. McCain said acknowledging that she could not be unbiased due to being a Republican. Okay, so there you have it. I don't know. I don't see Gabbard. He absolutely supported her.

McCain criticized Harris's approach to immigration crisis that she's been tasked with not handling. Pointing out that she laughed off questions about visiting the border, her laugh has become a way for people to take hits at her because it's uncomfortable to watch. It's uncomfortable to answer. And she, I always thought she needed more media training than she had. The problem with Democrats going into 2024

is if President Biden chooses not to run for real elections, she's just not going to be a strong enough candidate to run for president. Ron DeSantis would put her in the ground. I mean, it would be an election for Republicans. Republicans would love nothing more than to run against Vice President Kamal. Do you agree with her? How much longer can they go to the Euro-Racist I mean, it would be an election for Republicans. Republicans would love nothing more than to run against Vice President Kamal.

Do you agree with her? How much longer can they go to the Euro-Racist or Sexist if you don't vote for me, War Chest? We've got, what, 12, 16 years of this? Do you think they can make a 20-year run on? I mean, there's still, if mid-years becomes as catastrophic as a lot of people think is going to be mid-term. It's not mid-year.

If mid-term becomes as catastrophic as a lot of people predict that's going to be, it's going mid-year. Midterms becomes as catastrophic as a lot of people predict that's going to be. It's gonna be very hard if she is the front runner to win. But here's the other question for you. Complete change it up. Megan McCain, can you see her ever doing anything with politics? No.

You can't? I can because she's got name recognition, but I don't think she would, would she do anything other than Liz Cheney, just walk in under the establishment banner and you know, I like the way she handles herself on when she's, I mean, you're on a show, by the way,

the best training you get. She plays away games. Yeah. Oh, I agree with that. Kitting me every day sitting across those people at the table getting destroyed and you're the one that you know they're gonna come after you, you're gonna get stronger.

It's just that's what's gonna happen. Your argument's gonna get stronger. Yes, you may understand or argue a little gonna come after you, you're gonna get stronger. It's just that's what's gonna happen. Your argument's gonna get stronger. Yes, you may understand or argue a little bit more, but your argument's gonna get stronger. So I think Megan's got, you know, she has a potential doing something long. I don't know if she wants to live that life with you. I just think she's got, she could do it if she wanted to.

I just wonder if media training is a way to say, don't tell people what you really believe, do what you really believe, but don't say it. What a point. Which is terrible. It's just a terrible way to think you know, do not come Don't do it. Yeah, that became Thanks to me for a lot of people man you guys set them up Okay, uh next story what story do you want to go to guys pick a story McDonald's earnings be driven by new chicken sandwich and promotion with kpop band

Fried chicken Yes, if you want to pull it off Kai pull up the story there on on the screen so people can see it some McDonald's This was a model they did I think last year sometime as well that was very successful for them McDonald's Report on Wednesday that the change crispy chicken sandwich helped us Same store sales outpace 2019 levels by double digits, US same store sales climbed 25.9% to quarter and 14.9% on two year basis, the company credited strong sales to its new chicken sandwich, which launched in February and its

famous orders promotion with K-POPs, Group ETS, which includes an order of McNuggets and special sauces, the fast food giant reported fiscal, second quarter net income of 2.222 billion, 2.22 billion, or 2.95 dollars per share up from a $483 million or 65 cents per share. CEO Chris Kimjinsky told analysts that 70% of McDonald's US dining rooms have been reopened. If a COVID-19 resurgence doesn't occur, all of its US footprints should have opened dining rooms

by Labor Day. Gerard, thoughts on this story? Yeah, I think it goes back to in our creative, right? In creative, we spend so much time trying to be unique and original and come up with a concept that nobody's ever came up with. And at the end of the day, there's only seven stories. And all you can do is tell one of those stories that's been told a million times your way.

So instead McDonald's, the Harvard graduates, they were like, you know what's really popular? The Popeyes chicken sandwich. Let's do that. That's what they did. You know what I mean? The war was like Popeyes and Wendy's and now they're jumping into it.

Yeah, they were like, yeah, we're McDonald's. Let's just do that. They made a Popeyes chicken sandwich. They made it for like a buck less than it's, it's all right, I mean, it's pretty good. What I want, and for all the entrepreneurs out there, you get this one for free. Give me like 1%, and let me be the spokesperson of this, right?

Why can't we have like a cauliflower-based, like a crouton cone, like a nice cream cone that you could put the salad inside the cone so we can eat healthy on the go? Like I've always thought like seaweed wrap or something like that like you have like the sushi. Did you lost me at cauliflower? No, but instead of the carbs bro, it's no carbs. I think like an ice cream cone and then you put the dressing in there.

I'm gonna go have it today. I want to have the cauliflower. It doesn't have the best color in my world. It actually is. The gluten-free cauliflower crust are pretty good. I love the on the go man. I thought you were going somewhere totally different to story.

If you want to do something different, I thought you were different. You're talking about pop-up I chicken sandwich. I lost you at cauliflower. This is what an innovative campaign. Take pop culture icons and make commercials around them. The fried chicken. Do you know BTS's?

Do you know who BTS is? The K-pop group. You actually know who they are? Yeah, we looked at the picture, but it's, I don't, you know, okay. They're here, they're the probably the band in the world. I know the band in the world. And who did they do before that?

Travis Scott, one of the biggest rappers in the world. Yeah, that's the Timberlake. And they didn't, they didn't, oh, Justin Timberlake, they did MJ, obviously, and then they did Bad Bunny. Other doing is taking the most famous musicians in the world and being like, I like McDonald's, that's where I thought you were going. Well, what a genius idea.

I do wish that there were laws about marketing though, where you actually had to show the type of people who eat your stuff, not the type of people you want. Like it shouldn't be sexy, BTS people. It should be fat asses like you. It should just be Gerard Huff over. I'm so, like, in the morning, it's just dwindled over me as I'm like,

I'm trying to get my nuggets out of the side while I'm driving with the left. That should be the commercial. They shouldn't be allowed in a go. Has there ever been a drunk guy in a beer commercial? It's always like people playing volleyball, looking sexy and stuff. It should just be like, you know,

making a ball, hanging out with their pants, watching their eighth hour of NFL Sunday football. Yeah. No, that's exactly what you guys did. You guys get that out of your system? That was good. That was very nice exchange right there with trying to get the job as a McDonald's CMO.

They're probably not gonna hire you. I don't know that. Maybe they might take that. But the local burger place is looking for CMO. Did I ever tell you about my first job ever? It was as Burger King. It was in Glendale, California. And I was my first job.

I worked at Valley's. What was your first job? My first job. What was your first job, Barry? I worked in a butcher store, believe it or not. Really? Yeah, I worked in Valley. What was your first job? My first job. What was your first job, Barry? I worked in a butcher store, believe it or not. Really? Yeah, I worked in a butcher store. Sure, you were in Brooklyn, New York.

In Brooklyn, New York, yeah, I learned a lot about the meat business. Well, the whole thing was the new butcher shop. The slogan was, you can beat our prices, but you can't beat our meat. My father worked in a butcher shop for nine years in Brooklyn. Yeah. Fred Terrace was a butcher. Really?

We're like, what brothers, Terry? So what was your first job? Oh, the babysitter. I was like 12, 13 years old. I babysitted a kid. Were you 12, 13 years old, babysitting 18 year old girls? Or like, what?

What was your first job? My first job was as a bus boy at Laura's Pancake House. Wait a minute, Laura's on Laura's on. Laura's on Lou Bridge on Route 9. Yes. Oh, that place was awesome. Dude, there you go. That place was freaking real. There you go a minute, Laura's on Low Bridge and Route 9. Yes. Oh, that place was awesome. Dude, there you go.

That place was freaking real. There you go. Hey, how you doing? Are you my dad? That's my dad. That just happened here. That's his baby dog. Oh my gosh.

Okay, next story here we got, I'm trying to see, I'm gonna put on, okay, go to page 9. Go to page 9. This is a good story. Page 9 are unemployment benefits. Are unemployment benefits to new welfare? Short term assistance become in long term trap report warrants. Expanded federal unemployment benefits,

put in place as emergency measuring that during the COVID-19 pandemic are on course to become another long term welfare trap. A government fiscal watchdog group warrants in a new report, it has started to look more like welfare, it has started to look more like welfare, and more like another piece of the welfare package. It's starting to look like a long-term benefits program, rather than a short-term temporary supplement it was supposed to be.

Ali Fick, a senior research fellow with the Foundation for Government Accountability said, unemployment insurance programs should promote work and reject government dependency. For example, an individual can receive $3,700 a month or more than $44,000 a year by staying home. The report continues on top of tax credits, food stamps and state unemployment benefits, an individual can receive an additional $1,300 a month with the $300 weekly unemployment bonuses. Are you kidding me? That's 60K a year to stay home and not do anything. Yeah. Yeah, it's, it's, you want to be humanitarian, you want to be sensitive and there are people that want to go back to work, but they have child care issues and there's still some COVID issues

out there, but there's a lot of people that will come back to work if you stop the, you know, a lot of people want to stay home because listen, let's face it, if you're getting paid to stay home, a lot of people are going to do that. If you're one of those people out there doing this okay, I totally get it. The government is taking all of our money and putting in their pockets get yours. I get it, but be careful. Don't stay out too long man. If you stay out too long and you lose your edge, the market place is gonna pass you by. Well there's a few things that are going on already. To your point, you know, Amazon's already coming up with robotics and artificial intelligence

because they're not waiting for people to come back. In addition to that, you've got a lot of individuals that, if you've ever watched some of it, it stayed out and then come back in. It's tough to catch up because technology changes and evolves so quickly. So to your point about losing your edge,

the edge that even if you have an edge individually, you're got a lot of catch up work to do because technology's constantly changing. So even six months is a long time to stay out. All three of you hire and I don't. When you look at somebody, they've been out for a year and a half. Do you say, no, do you say this? What's the reason why?

This is not the person for us. What do you see when there's an 18 month lapse in the resume? So there's four qualities I look for when I hire people. It seems to work. It's attitude, aptitude, initiative, and a sense of urgency. So if's four qualities I look for when I hire people. It seems to work. It's attitude, aptitude, initiative, and a sense of urgency. So if you have all four of those,

I could teach you the rest. But attitude is really, really important initiative. So if somebody's staying home, that definitely doesn't count in the initiative, a sense of urgency. That's another one that doesn't really help. So I think if you have those four qualities, then you probably be a really good hire.

Does that sense of urgency ring a bell? Oh my gosh, John Cotter, eight keys to leading change. Absolutely, that's number one. That's number one. Absolutely. Sense of urgency is very hard to win. Can I ask a question? So, what's the problem?

Just real quick. So if somebody was out, they took the full 18 months, they took the full two years. Is that a red flag for you on the resume? Like straight up, is it? Absolutely. Yes, it is. Absolutely.

By the way, a lot of people will say things like this. Listen, I'll give you an example. I've run a company with a lot of different agents nationwide and you'll have a lot of people that will use excuses. And listen, all of us may use excuses at certain times of our lives, but some more than others. There isn't anybody that's 100%

hey, I never made an excuse about anything. People sometimes have a tendency to take an easy way out. Some of the guys that we follow and our leaders are people that typically make the least excuses and you admire them. You see, this guy is freaking going places. I just want to be able to work with this guy.

If you buy a television, when we do interviews and somebody says, you know, there was two years of my resume that you don't see anything. I took those two years off to take care of a friend of mine or an aging parent or this. So you sit there and you what you have to do in that moment, you have to say what? Either they're telling the truth or they're not telling the truth, right? Now in your mind, there could be an odd thing. You could say 80% probably this is BS. I don't buy it. 80% is you work for a company for two years. They fired you,

it was so bad you don't want to put the boss's name on there because you don't want us to make a reference call. And if we make the reference call, they're going to say, I'd never hire this person. You don't want to hire this person. So that happens because sometimes we'll go online and we're still able to find where they work and we'll make the reference call and by calling somebody who is a former employer and we'll ask, do you know what job they went to next? Sometimes I'll say, yeah, he went and left us to go work with XYZ company because they gave him

a bigger raise. Okay, great. Then you call that off, which office was that? XYZ branch, great, you call them. Hey, just wanna follow up a good HR person knows how to do this stuff, they'll call the place and they'll say, hey, John, this is Mary giving you a call.

We're checking on Bob, who I think used to work with you guys and we're doing a reference call. Which Bob? Bob, you know, such and such. Bob? Yes. You sure you want to hire this person? Well, yeah, they can't for an interview.

We like them and we're thinking about they're in the top three list. You want me to be honest with you? What are you going to tell you? Well, of course, we want me to be honest with you? What are you gonna tell you? Well, of course, we want you to be honest with you. I would never hire this person. Let me tell you what this person did and then they go, boom, boom, boom, boom, got it.

That's if you get lucky, because a lot of times they couch it, they want to be very, so you have to read between the lines because they're not always that open and honest. He's right, but if you just, you can ask questions to say, look, if you had to hire them again,

would you zero to 10? If they say zero, that's all you need to know. If they say we would consider it, okay, good. That's something I can judge for it, but we would never hire this person. Usually on those, unless it's somebody who goes out of their way glowing, stay away. Yeah. So now, because when you want, you don't want to hire somebody mediocre anyway, do you? Now let me flip it.

Now let me flip in last 18 months. And last 18 months, are there some people that lost their jobs? Yes. So if I get somebody that tells me, listen, I got to tell you the last 18 months, it's been very hard. Okay, what have you done? I've had three jobs, but it's been the business that's went out of business, and I work four months, three months, six months, I'm three months, year, six months, year.

I'm okay with that, I'm like, listen, you're trying. You're making an effort. All good, but we want somebody like that on the team. Let's make an offer to you. So, when you do the interview behind closed doors, those conversations are being had. When something's on the screen. So, you agree with your bad.

By the way, same thing, what you just, think about what you said earlier. You said earlier, 20% down payment to buy house, right? And then you said they said your income isn't to what? Well, that you had a year, your lapse of income. That's exactly the same way we think about it as well. So your year of lapse of income when underwriter worries about giving you the loan

to buy the house, it's the same thing and employer wonders why you had a year lapse of no job. Yeah, because that's the, but this is a why you had a year lapse of no job. Yeah. Same thing as that. But that's a lot about how you face adversity as well. Yeah. So are you going to say, okay, I've got Delta Bedhand and what was me? Or are you going to say I got Delta Bedhand? But here's what I did, here's what I did, here's what I did to try and overcome that.

Because you know, failure is not an option for people who are winners. You know, if you're a winner, if you're determined, then you come up with an obstacle, that really shows your character that you can get passed. But to be clear, this was a once in a century, nothing like this has ever happened before situation, right? So, you know, like, you can't really, I mean, you can, but you can't really justify holding an 18 month blast. By the way, in industries, in industries,

so for example, say I run a big restaurant chain, hypothetical, I'm cheesecake factory, and I'm hiring a GM, and I'm in California, and you were a GM at Applebee's, you were a GM at Pickle Restaurant, wherever you were at, and you've been a GM for 17 years in your resume, from 2012 to 2019, you've been a waiter, worked your way up

to all of it would be in a GM in 2019. 2020 happens. COVID takes place. And you're on California, you're like, dude, what the hell you want me to do? My industry has been shut down restaurants in Ami, California. I have, you have credibility with me because that situational, of course, every restaurant's been shut down. But now, if it's a different industry, that you could have figured out a way to still work, and you're telling me you couldn't have a job, I'm sorry, I don't give you the credence stage. By the way, my comments of, you know, you want to try and make it work, the COVID issue was sawed. I'm saying in general, you know, under normal conditions, when you see those lapses,

you know, you want to understand is this person making excuses or are they trying to find answers? Very interesting, because I, and Pat, you already know this, so I'm not dropping any bombs here, but I left, I've left one job off my resume my whole life, specifically because I never wanted anybody to call the boss.

And the reason why is this dude, I was in pharma sales, and this dude just was like, here it is. Reddably aggressive, like Glen Gary Glen Ross and he would curse people off, like right in front of everybody, getting in the room and just curse everybody off. And I exceeded my numbers in the first quarter and then they raised my numbers and then I didn't hit my numbers in the second quarter but I hit what I had done before and he laid in the me in front of everybody.

He was like, this close to my face, screaming at me in a room full of 20 people. And I literally just turned to him and I went, if you don't get out of my face in the next five seconds, every breath you breathe will be a gift I grant you. Ha ha ha ha ha ha Pat this, did all of it in the dude, like trying to sit me down, he was like, bro, that's just unacceptable. You can't say stuff like that.

I was like, bro, you screaming in my face right here. Like, I don't care about it. I don't care. You know, about a job. I'm a man first. I gotta tell you something. I gotta tell you something. So, and maybe this will make sense to you.

You know, my three kids, okay, I have four kids. But one of them, you know, she's five weeks, and she just, you know, she's got a full time job of eating, sleeping, and nursing. That's all she's doing, right? And she makes sure that only gets two hours of sleep like last night, it's her job. It's, she's fully committed to that.

Yeah, vampire dad. So, you know, Tico has a story, and some happens, you know, with one of my kids, he goes, you know, fight breaks out, him and another kid, go out, and he comes on with a bunch of scratches on his back. And I said, what's this all about? He's got all these scratches. Well, you know, he never wants to tell me

about anything that happens to me. He's got too much pride to complain. He's not gonna say it. So, but when Mel was, you know, going out there and seeing his back, so daddy, some happened to his back. What happened? I don't wanna talk about.

That's kind of how he is. He's like legit, Omerta, like fully committed to this whole idea. So I'm not gonna stich him. Yeah. So I'm like, buddy, what happened? He says, well, you know, this, I said, what happened? Is this? So I said, you know, I sit there as a dad, I'm like, you know, the parents whose kids never do anything wrong. My son would never do such a thing. He would never do such a thing. Last year, he was taking this soccer class year and a half. I don't

know if you remember this. When he goes to soccer class and he's there he knocks a kid out, okay? Tico, he flat out knocks a kid out. And when they kick him out, Jennifer calls me and say, Patrick got kicked out of practice. I'm like, Tico, why did you get kicked out of practice? As daddy, I got kicked out of practice because the guy punched me in the stomach. I said, Tico, do not like to me. So I'm telling you, I'm not lying to you. He punched me in the stomach. You've taught me to not let bullies bully me. I punched him in the face.

And then he wound his mommy and daddy cried. Mommy and daddy went to the manager and they kicked me out of it. I'm telling you, he punched me first. I said, okay, I'm gonna call the owner. I called the owner, I tell the owner, you know the story. I tell you, you know the story or no. I called the owner, I say, hey, listen. My kid just got kicked out.

Yes, he says, you guys kicked him out. Why? Because he punched the kid in the face and got was on the floor and in October. He can't do that. This is six year old, eight, seven year olds when he did this. I said, he's telling me the other kid punched him in the stomach first. You guys are running kids over there. So I'm assuming you have cameras. It says we do.

I said, I want you to go look at the camera and tell me what happened. And I want you to tell me to stroke. Because if you ever want me to write any positive review about you, I want to know you guys at the writing. If we were at fault, I'm gonna have my son come and apologize to the kid. But if the other kids at fault, I want to make sure he's held accountable.

This, let us get back to two hours later, they call me like this. There he goes. We looked at the videos and your son is right. He was punching the stomach first and then he reacted. But the parents never said, I'm like, no shit. But how did they respond to that though?

Let me tell you what I did. I'm so proud of that company, by the way. I will tell them, recommend them to everybody. So I picked Tiko up. I said, let's go. We took him there. I said, he says, sir, we have to apologize to you. We're so sorry we made this mistake.

I said, this does nothing to my character. I don't care you apologize to me. Like, what a apology. What does an apology do to me? I said, you need to apologize to my son because that mess with his character. So I take him over there. Guy comes up.

I says, here's my son, Patrick, that's the coach. He says, I just want to tell you, Patrick, you were right. You were punching a stomach first and we kicked you out. We apologize. And Patrick's like, he says, do you accept my apology? No. Patrick is like, Tico, accept the apology. No, accept the apology. No, except the apology.

Okay, except the apology. So he goes to practice. Anyways, this last week, similar thing happens. He comes home, he's got the soul scratch on his back. This time around, I said, why'd you get this? Well, we're playing this game with kids in school. So what's this game called?

You're not gonna like the game. That's a tri-me. He said, I'm telling you, not gonna like the game. I said, just tell me the game. This is the game that's called, run up to people and call them a name and run. There is no game like that. So they ran up this other kid gave him an idea to run up to this other kid who was extremely chubby and they went up to him. They called them, you know, something, something Mr. Fat or some like that. Sure. And the kid reacts and again, to fight, and he beats him up.

So I said, okay, I said, you understand, you bullied the kid. This is no idea, he bullied me. I said, no, no, you started it. Tomorrow you got to go to school and you got to apologize to this kid, because that's not cool. I said, if you apologize, he doesn't accept that it's on him. But if you apologize and he bullies you after you apologize, you got to punch him in the face.

Okay. And you cannot let him bully you, because you did your right thing as a character. If he still wants to bully you, now he's taking advantage of the opportunity to stand up for yourself. So he goes to school, apologizes to the kid. I said, what happened? So we're best friends now. We played all day together. It's fantastic. That's great. What's the moral of the story? Here's what I've learned. Dylan doesn't get bullied. Senna doesn't get bullied. Patrick sometimes has these things.

Because it's probably self-inflicted. When I see people that get fired too often, or they always have an issue with a boss, and it's always complaining about the company, but he is not the company. And I'm not talking about you, I'm talking about people who come to me for job interviews. You have an issue. You see what the problem is?

And you look for problems. You create problems. There's a reason why you keep losing jobs. I call the guy yesterday. Two days ago, we're having a conversation together. And I said, can I ask you a question? He said, yeah. I said, when you first applied to want to work at a job,

this is one of my insurance companies. I said, you said you quit your business because you wanted to spend more time with your family. He said, yes. I said, so tell me what kind of money were you making as a business owner? He tells me the number. I said, if you were making more money, would you making as a business owner? He tells me the number. I said, if you were making more money,

would you ever shut down the business? He says, no, I say, because I wasn't spending enough time with my family. I wish I was spending more time with my family. So, okay, I mean every business owner says that. But most people that were business owners that become employees is because you were probably not a good business owner.

And you didn't know how to manage a business. Then you become an employee. And. Then you become an employee, and when you become an employee, if you don't get results, eventually you could get fired as well as an employee if you're not getting results. So then, says, well, you know, it's not that. It's the fact that I have this, I have that, I have this.

So then issue comes about the kids. Same thing happens with the kid as well. So you know what the reality becomes? Here's what the reality becomes. You said something four weeks ago, when we were talking about somebody, you said people will find a reason to sabotage themselves to what?

Yeah. To quit something that's hard. So let me wrap up with this, and I'll turn it over to you guys, because I haven't listened to you guys for 45 minutes. Here's what will happen when they sabotage themselves. I have seen more people use family, their kids, their faith, their past, their parents, their upbringing,

their ethnicity, their nationality, the way they look as an excuse to not win. I can't tell you how many times I've seen people use all of those things as excuses, why they can't win versus reasons why I'm going to go out and make it happen. We all got areas to improve in. If there's anything COVID taught us that expose a lot of our weaknesses, every one of us. Let me tell you, all my businesses, the weaknesses were shown, all of them.

When this thing, when shit hit the fan March 12, we never sold the policy on Zoom ever. We had no color to sell the policy on Zoom. I'm at the office, so four o'clock in the morning saying, how the hell am I gonna teach people how to sell policy on a Zoom? I have never sold a policy on a Zoom. We sit knee-cap to knee-cap. We don't sit Zoom and talk into you.

We got exposed. We have to sit down so we got to adjust this really quickly. We're driven on a convention-based events. We run offices. People go to offices, leases. All this stuff that everybody got exposed on the last 18 months. Either you improved and you did something about it and you made a ton of money or you didn't.

The reality is the last nine months made more money than my entire career. Cause we made the right adjustments. People who made the right adjustments made a lot of money in the last 18 months. But if you didn't, here's what the market place just found out about you. Everything that you were able to hide

the last 18 months that were bad qualities to not hired officially got exposed. That's what the market did last 18 months. the last 18 months that were bad qualities to not hire, officially got exposed. That's what the market, the last 18 months. The last 18 months showed why the market doesn't pay you what you think you're worth. That's the thing about the market. The market sucks. The market is like a six-year-old kid that will say, hey, Mr. Patrick, can I ask you a question? Yes. Why is your nose so big and cricket? What do you tell a six-year-old kid? He ain't lying. He's gonna say, no, it's not. Yes it is. Why is your nose so big and crooked? You know, because I've broken it four times

and I got a big nose. What are you gonna do about it? Yeah, but it looks very weird. I've never seen a nose like that before, right? Okay, that's what a kid will do. Last 18 months, the market said, you're lazy, you're this, you don't wanna improve, you got a big ego, you think you know it all,

you make excuses, and the last 18 months, we got brutal honesty from the market nonstop. Don't get me wrong, it's been a tough last 18 months, it's been challenging, it's been annoying, it's been difficult for a lot of us, believe me. I'm on more late night calls the last 18 months and I've ever been in my career, been in business for 20 years. A lot of late night calls, but the reality of it is we got exposed last 18 months. It either favored you or it didn't. So that's what I would say when you talk about that whole story

with some people last 80 months when we're hiring people. I know people in last 80 months that made very big names for themselves. That did a lot of good for themselves. Anyway, so that's what it is when it comes on to unemployment. If you're out there and you're still collecting unemployment checks, I got a bigger question for you. You know what the bigger question is the following.

What the hell are your dreams? What are your dreams? Have you compromised all your dreams? Have you compromised all your dreams for flip and paycheck? You mean a $4,000 a month stimulus check is worth you compromising your dreams for the rest of your life? I don't understand that part.

You mean to tell me when you watch a movie like Pursuita Happiness, and you see a story of Chris Gardner, who might brought up in 2008 in front of 5,000 people when Mary Lou Retina intro them at an event. You see a story like Chris Gardner, how he wins in Pursuita Happiness, and at the end he wins, and he's a multi-million and he wins for his son. You tell me that doesn't get you emotional.

Of course. You mean to tell me when you watch Rocky, and he wins, and-million and he wins for his son. You tell me that doesn't get you emotional. Of course. You mean to tell me when you watch Rocky and he wins and you see the robots and Rocky foreign all this other stuff and his dreams are becoming a reality. You mean to tell me that doesn't fire you up to one or two hundred pushups afterwards? You mean to tell me when you watch some of these movies and people's dreams are becoming a reality and you're not sitting there saying, I have some dreams. Biggest thing with the stimulus is the fastest way to steal you from dreaming and it's the easiest way to get you to control because the more you

dream and you innovate and you challenge status quo the more they lose. The more they give you money and you stop thinking about dreaming, reading books, improving yourself, the easier you are to control. So if there's anything when it comes on to money being given away to us, you just have to keep thinking about, I get it three months, I get it two months, I get it a month, I get it four months, maybe six months, if it's 18 months, you're kind of, you know, exploiting the opportunity

to getting more money, and quite frankly, you decrease your market value in the last 18 months. Even monthly. While inflation went up, while everything is more expensive, so you're kind of going to be very broke the next five years, and life's going to be very hard. You thought it was hard two years ago? Shits about to hit the fan the next five years. And life's going to be very hard. You thought it was hard two years ago? Shits about to hit the fan the next five years.

This is why you want to use our pretenders like this to recreate yourself. And many did. Very. Oh, I totally agree with you. I mean, this is when you have an adversity, you either decide to make an opportunity out of it or it's what was me.

So amen to that, man. You guys are very quiet, Adam. Gerard, you went off. You went off. You went off. You're praying. I love to hear you here. I let's talk about Bill Mar. Bill Mar says Tokyo Olympics are out. Woking the Oscars, proving cancel cultures and insanity that has swallowing up the world. Have you guys seen that video? Right? When you get a chance to see those wonderful, absolutely sick, wonderful, absolutely sick. By the way, Bill Maher today has replaced what John Stewart was doing 10 years ago.

Okay. Do you guys remember when John Stewart brought Nancy Pelosi and called her out on everything? And she's like, you can't say that. You just cannot say what you just said right there. So it didn't matter if it was left right middle, we need people like Bill Maher. So Bill Maher, again, another one of these videos

that went viral, please don't make the Olympics into the Oscars. Bill Ma says, last April, as he reminded the audience, he said, the theme of the year's Oscars show was, we dare you to be entertained. Its producers, he griped, seemed determined not to let the audience forget, for a moment, the injustices and deficiencies, the human condition, the Tokyo Summer Games,

in Ma's view, have outdone Hollywood. He reeled off a series of instances where officials and creative staffers faced consequences over decade old behavior, in one case, the opening ceremony musical director was ousted over a 1994 interview in which he admitted up to Boolean fellow students when he was a child in school. He also ridiculed media coverage of surfing

becoming an Olympic sport in Tokyo, the socio-preserved road that having surfing in the games exerbates cultural appropriation with racial indignities. That's because non-Hawaiian have popularized and mainstreamed the sport with deep spiritual and communal meaning for its original participant, the articles headline describe the competition as a white wash event.

As to changes, as to charges that he stands means, he has moved farther to the political right, a place on the spectrum, giving to reflexively denouncing cancel culture, Mars said, my politics have not changed, but I am reacting to politics that have. Powerful story by the deadline. It was a great video to watch, Patrick.

It was, I thought so as well. I mean, he was so spot on on so many things. Yeah. And to talk about going back when someone was six years old and something they did as a kid, and that's a reason to terminate them today, that's just absolutely absurd, but they get away with it. When is this cancel culture going to stop?

When is this whole thing going to, when are people going to stand up and say, enough of this bullshit and just stop? Why do you think it's creating so much momentum, though? Why momentum, though? That's the part. You know what cancel culture to me is. Here's what cancel culture to me is. The only person that can do cancel culture

is a person who can walk on water. That is the only person that has a moral authority. It's a witch hunt, man. I don't know if you got what I just said when I'm saying, yeah, yeah, yeah, we got you. So if you walk on water, you listen, you have all the right. I'm sorry. I can't walk on water, buddy.

If you can walk on water, try to cancel us. Well, what I want more than anything else is for them to admit that they're watching our podcast because that entire dialogue is what we talked about on Thursday. You asked us why are we not watching in limpsies? Let's not just not fun anymore. The woke Olympics aren't fun at all. And then we turned around and we talked about the, the look, you know, everybody thinks we're right,

wing, we're this, we're that. We're dead in the middle, man. The culture's gone so far left so fast. So when Bill Maher is saying that, I haven't gone, right? He's coming to the same realization that the rest of us have came and be like, man, am I, am I gone right? If I, when I'm thinking about no

I'm here. I've been here the culture's sprinting left So if they're to the left of frickin trotsky now everybody's gonna seem to the right of them even Michael rapopore One of the most annoying people on earth this dude goes from on Tuesday Talk about get your vaccine or you're a jerk and then he's crying on tiktok two days later like so let me get destroyed I can still I can still get rid of that I can still give people to very recent like get rid of vaccine I'm a super spread enough like come on man this guy's that they're having existential crisis here because they're trying to fit in with this with this woke cult they want to fit in with these elites but the elite because because they're worried about the

ramifications if they don't. And that's the thing is that they'll be canceled that if they don't. So everybody's treading so lightly. This is supposed to be the idealism of inclusivity, right? Oh, we want to include. We don't want you, except if you disagree with them. Because as soon as you disagree with them,

so long as you agree with them, then they want to include you. That's a good point. Guy send a tweet, and he said to me, you know, cancel culture. By the way, you guys know the porn star we talked about? She messaged me. Oh, very upset. She was happy with you though. She like you a lot, but she was upset with the rest of us.

And it was up. No, she said good things about you. I got a friend Adam that'll buy you some white clothes. No, no, no. Not a fan of anybody else, but it was a fan of this. So this one guy responds to me and says, have you noticed your view numbers on this are being censored? Meaning my whole idea about Trump and Obama,

this guy said, have you noticed the views on this have been censored? You're not getting views. Listen, the only thing that I see is the suggestion side, which you see. If the audience wants to get this message out there, they can get the message out. Here's what I said to the guy.

I said, I don't believe the right message can be censored long term. Common sense can't be censored. Truth can't be censored. Temporarily, yes. Permanently, no way in the world. Mario said that. No way in the world. But Mario said that. And he said that to us in a groupchecks. And it was a good point that he says the truth always comes out. My fear, my anxiety, my trepidation, I agree. The truth always does come out. But it doesn't always come out. My fear, my anxiety, and my trepidation, I agree, the truth always does come out, but it doesn't always come out in your generation, it doesn't always come out in your lifetime.

I don't wanna live knowing that I was lied to and die knowing that the wrong people maintained control. You know what's a flat carrier? You know what a flat carrier is? What's a flat carrier to you? The definition of a flat carrier. Don't know. What's a flat carrier?

When you think about somebody that takes your message and runs with it into the wild and delivers it. So, flat carriers, this is gonna sound a little weird and it's not gonna turn anybody on. So, brace for impact. This is not gonna be that exciting, but it's gonna hopefully make some sense to what you're saying here, right?

And what you're asking about here right now. Some of us in life are flat carriers. Some of us in life are the byproduct of a flag carrier. I am a byproduct of my dad and my mom sacrificing everything they had, including their marriage, everything they knew, the language they spoke, the places they ate, they became the flag carriers to bring their kids to US, and my dreams became a reality.

One of the best lines that lady said on Fox and Friends, she said, here's a man who's born in Iran, but he's made in America. I'm a great host. Yeah, guys like that's gotta be a book one day. Born in Iran made in America, right? Okay, my dad. But my dad, no one's gonna know my dad except for me telling

the world about my dad. My dad was a cashier at a 99 cents store. He's a flag carrier. Because of him, I work my ass off to make sure he, for the rest of his life can say, that's my son and the reason why he's got the life is because I carry the flag to allow him to have the life that he has. I'm real as the man too.

Sometimes he loves you, but he loves both of you guys. Sometimes we forget that we don't know what role we'll play in life, okay? Sometimes you're not the one that's going to be the next president. Sometimes you're not the one that's going to be the next billionaire, the next innovator, the next governor, the next senator. Sometimes you may play the role of a flag carrier. Sometimes you may be playing the role of a flag carrier in an era that other people don't have the courage to stand up and say, here's what we're going to be doing. But you're helping the next generation win. Nobody wants that job. Who the hell wants that

job? Who wants to be the veteran that goes to war and defense for freedom for other people in the back that are going to spit them in the face when he lands in the airport comes back and saying who the hell are you to go to war and like did you do you realize how many my friends I just lost who the hell wants to be that person that's not going to be appreciated by most people and then you lost two of your friends and your life's on the line what is a big deal about that that's a flag carrier we have to go back to recognizing these flag carriers that have given us the opportunity to live the life that we live today. George Washington, flag carrier, Lincoln, flag carrier, MLK, flag carrier, John FK, JFK,

flag carrier. These are flag carriers. They carry the flag for us to have a better life. I think, you know, the idea of not wanting to be a flag carrier is the fact that some of us are not going to lose, you know, are going to lose some of our opportunities having our dreams become a reality. I want my kids to have the opportunity to live the life they wanna live. You know, and their dad is gonna do their part to have that become a reality. Here's the final thing I wanna do before we wrap up.

Great podcast, lots of great commentary. People, hopefully you enjoy what we talk about today. If you enjoyed this smash the subscribe button. If you wanna see Barry back on again, with real estate topics that he gave. This is the second time he's back on. Barry, thank you for your insight. Always very helpful.

Gang, I want to tell you guys as well, in about four weeks, we're doing a live event called the Vault. Everybody's been looking forward to this. Everything's been shut down. If I'm for anything, I'm for us coming together. I think when people try to cancel Barack Obama's birthday with 700 people, I'm all four, we gotta come together. I'm all four events taking place.

I'm hosting an event next week. We're going to Vegas. There's gonna be 12,000 people in Vegas. That's at the MGM Grand Arena. But four weeks from now, we're hosting an event at the diplomat in Miami called the Vault. It'll be a three day event, entrepreneur, c-suite executives,

salespeople from around the world are gonna come together to share strategies. If there's anything I can tell you from what happened the last two years, the last 80 months, you need to be around other people in similar situations like you who are finding ways to win at the highest level. You gotta find the right community to be a part of.

If you haven't yet registered for the Volc Conference, Gary Kasprov, who they call him the goat of chess he was first place for two hundred fifty one months no one's ever been able to do that is a grandmaster he'll be there because of the whole ideas you got to know your next ten fifteen moves we have a billy being who took the a's with a team that had nothing to what they the twenty one game win streak is that one that twenty one game with the whole money ball movie he'll be their money ball

and then we have Phil he's gonna be there Tom elsewhere's gonna train on how to raise money I'm about to make two more announcements Adam's gonna be our entire camp's gonna be that the vault if you haven't yet registered Kai what is the link and we put that below it's got the vault conference dot com if you haven't registered the ticket prices today you can get ticket prices for this event what's the number right now? 697 general tickets. CO tickets already been sold out. I think founders already been sold out. We only got three categories right now to buy tickets.

If you haven't bought a ticket yet, go to theValconference.com. Get a ticket, bring a friend, bring your spouse, bring your family, and we're looking for to spending three days with you at the Valtconference in Miami, first week of September, with many other entrepreneurship suite executives around the world. Having said that, this has been a great podcast. I've enjoyed it.

Very Adam Gerard. We will do this again Thursday. And by the way, Larry, no, Friday, we got Zubi here. Zubi! Zubi is going to be a fun year. That's right. Zubi is going to be here this Friday. Larry Elder reached out.

If you guys want to see Larry Elder come on the podcast, go on Twitter, tag him, tag me, hashtag PBD podcast, maybe we'll get him on the podcast. Take everybody, bye, bye, bye, bye, bye. Bye.