PBD Podcast - Bill Maher on WEF, Donald Trump vs Robert DeNiro, Derek Chauvin Stabbing | PBD Podcast | Ep. 336

Starting point is 00:00:00 I know this life meant for me. Yeah, why would you plan on the life when we got that data? Value payment, given values, contagious, this world of entrepreneurs, we can't no value to hate it. I'd be running home, you look what I've become. I'm the under one. Okay. Home team, man, we got a lot of stuff to cover that we have. I become the entrepreneur. Okay.

Starting point is 00:00:29 Home team, man, we got a lot of stuff to cover that we have. We haven't done a home team for a minute of feels like. I forgot who you are. Yeah, it's a good to meet you. What's your name? Vincent O'Shaun. Vincent O'Shaun. You're the guy that wrote the book, the Choosing Enemy's Wise.

Starting point is 00:00:38 Holy crap. But you. Comes out today just so you know. Yes. Hey, Valerie, good to meet you. Hey, how you doing, Val? Nice to meet you. Where's up? Oh, so now it's Vincent. Oh, hey, Valerie, good to meet you. Hey, how you doing, Val? Nice to meet you. Where's up?

Starting point is 00:00:46 Where's the mask? Oh, you got back. We'll see. We'll see what's gonna happen with Tom. Tom makes jokes a little bit, you know, momentum of jokes. Yeah, yeah. But anyway, so okay, stories.

Starting point is 00:00:56 Well, a lot of things to talk about. Last week, we were in LA. I was in Vegas. I was a couple of different places doing stuff for the podcast, so we haven't had any stories to cover. But we're here today and there's a lot of insanity going up. First of all, there's a building, cops are going up to this building.

Starting point is 00:01:13 All of a sudden blows up. If you haven't seen this, I will show you the clip. It's absolutely insane. Some people on John Stewart's to run for office, rockets coach. Okay, did you see this? Udoca ejected after altercation with LeBron. You should see what he said to LeBron. Rob, do you actually have the words instead of playing the clip?

Starting point is 00:01:33 Because I know the NBA doesn't like it when he show any kind of interaction. If he can get the exchange instead of the clip, that'd be great. Hardly an altercation. Yeah, it's not an altercation, but it's an exchange. Maybe they called it, maybe worse than an altercation yes not an altercation but it's an exchange maybe they called it maybe worse than an altercation because words were caught up on social and a lot of people are following up with the words that he said to Lebron trump is right that schools teach kids to hate America that's why them staffers are protesting for Hamas interesting story by the way that that's Bill Maher saying that. Tucker Carlson drops bombshell reveals what got him fired with Fox News.

Starting point is 00:02:07 More retired Americans are unretiring. And many worry about age discrimination. Derek Chauvin is discharged from the hospital after being stabbed 22 times by who? Vinnie, can you give us a glimpse? He's a former FBI informant. By former FBI informant, 22 22 times will get into that story. Yeah.

Starting point is 00:02:28 California, why does California differ so much from Texas? We'll talk about the differences. That's an LA time story, by the way. Trump and flips out at Robert Dineroy should hear what happens. They're credit card that there's this new thing going on that we'll talk about. Tom, I'm sure you got a lot of data on this. Buy now, pay later. It's insanity what American people are doing.

Starting point is 00:02:46 And why these buy now, pay later companies are blowing up. They have a certain loophole they're using that allows them to not have to register with the truth of lending credit. Correct. And allows them to get away with it. I'm sure you're gonna get into that. No hard credit, just kidding.

Starting point is 00:02:59 Bitcoin 42K gold on the rise. Black Friday shoppers use buy now, pay later. We'll talk about that Harvard professor prepares to teach a new subject called Taylor Swift. We'll talk real estate. We'll talk economy Spotify about to lay off 17% of their staff. I don't think they're gonna lay off one of them I think that guy's name is Joe. I think you're gonna have to keep that guy, but we'll see what happened This antis was asked are you gonna step out and You know not compete anymore if you lose iowa the exchange is interesting. Vinnie's got some stuff he wants to talk about

Starting point is 00:03:28 with Israel, Palestine, Hamas. Millennials feel abandoned by parents, not available to help raise grandkids. They're too busy. Millennials, stick around for that one. Maybe have your grandparents or your parents listen to this. But having said that before we get into all these stories, today the book I've been working on for the last three years

Starting point is 00:03:47 choose your enemies wisely comes out. And interestingly so, this entire book is about planning. It's about business planning. It's about life planning. I looked at Amazon and every time somebody asks me for something the way I save the conversation is, if you're really serious about this, go read this book. If you want to find out about relationship advice, go read five love languages.

Starting point is 00:04:09 If you want your wife, she's not respecting you and you want something, read love and respect. If you want to get better with people, because you're military background, read how to win friends, there's so many books to recommend. There's not a book to recommend for business planning, so I decided to write it. If you have big plans for 2024, place an order this is on Amazon and Barnes and Noble, and by the way, just we've never promoted this book on this podcast. Anybody that orders this book now, okay? If you ordered a book now, hard cover on Amazon, you can go up, leave the link in the chat and description if you could.

Starting point is 00:04:41 If you order it now and you email your receipt to enemies at vt.com, if you email your receipt to enemies at vt.com, again, enemies at vt.com. By the end of it, we will pick five of you and our friends here are going to give us a five names and I'm going to send you physically. I'll send you a signed copy of Choose Your Enemies wisely. And if you're like me, I order hardcover and audiobook because I like to listen to the audiobook when I'm reading the book. And there's three big stories I say in the audiobook

Starting point is 00:05:13 that's not in the physical books. So place your order both and we'll do raffle for five at the end. So having said that, Saturday I will also be at Barnes and Noble Book of Riton, doing a autograph. And doing what time is that? I think that's one o'clock is what we're talking about. We'll give you more details if you're in the Florida area, South Florida area, be a

Starting point is 00:05:31 book or a doon. Can I come up with security? You're going to have to come up with something. I'm going, no matter what. No matter what. We're going together. Any protection. Adam, to have you on.

Starting point is 00:05:39 Thank you, sir. Okay. All right. So, let's go on to the first story. Can you pull up the story of the one I just emailed you insider of saying how many times they're planning to lower rates in 2024? So check this out.

Starting point is 00:05:53 The Federal Reserve will cut interest rates six times in 2024 as the economy shows clear signs of cooling down ING says. Tom, how much intel and stories and research have you done on this topic? Because if they lower the rate six times, is this four quarters, one fifty, one half a basis, one three quarters, what's it going to look like? You know, you know, I've been on, let's dive into this. You know, I've been on this page, or I think that there's probably five to six reductions next year, quarter point eight,

Starting point is 00:06:28 so it's about a point and a half, off the five and a quarter, we're sitting right now, next year, starting at the beginning of Q2. Actually, there's a small graph on this, Rob Littlestere Step graph, so people can kind of see it. So there you can see all the increases that went up and there's the dotted lines of the

Starting point is 00:06:47 five coming down next year. This, I've been anticipating this, Jamie Dimons, I'm on the same page and the same logic that Jamie Dimon has on this, that the Fed really wants to let all of this get through the end of the year like food poisoning to let these rate increases, stop inflation, get it back to 2%, and then next year it comes down. All you have to do to get mortgage rates is put two points on whatever that is. So this means mortgages are probably still gonna be

Starting point is 00:07:14 six and a half at the end, because you see it's a little over four by the end of 25. So mortgage rates are still gonna be about six and a half. And so this is what we're looking at. And the intel that I see is that this is what's going to happen. It's going to be gradual. It's not going to zip back down, even if the economy's got issues. It's going to gradually come down because the Fed's going to do it.

Starting point is 00:07:37 Now, people are trying to bring things up right now. You hear a lot of the banking community trying to say things now. Maybe we should start earlier. But the reason they want that is if the interest rates go down quicker, corporate America can get lending and expand is probably gonna make stocks go up faster next year. So there's a motivation in there

Starting point is 00:07:54 and it's not a bad motivation, but a motivation nonetheless. But this is exactly what I've anticipated and with the exception that if we really have a bad fourth quarter, if GDP is really low, maybe the Fed does its first cut March. But most people are thinking April right there at the beginning of second quarter. So if this is the case, this is very good news for the market.

Starting point is 00:08:16 This also means real estate that hasn't dropped at all is going to go higher if it hasn't dropped at all. Because realtors are going to go around saying, hey, what are you talking about? Here's what's gonna happen. This is what's going on with the interest rates. You know, real estate's gonna be skyrocketing. If there's not a major disruption taking place, wouldn't realtors be salivating or over story like this

Starting point is 00:08:38 that they can wait till the end of the year or have way around to, you know, lower the rates? Yes, I think so. Like right now, you go out and you say, wow, you know, what are interest rates right now or a half way around to lower the rates? Yes, I think so. Right now, you go out and you say, wow, what are interest rates right now for average credit? I think they slipped a little bit, like seven, a quarter, seven and a half.

Starting point is 00:08:53 They came down a little bit. And so a good mortgage broker is gonna say, hey Tom, you're thinking of buying a place and you don't like the seven and a half interest rate. Look, by the end of next year, what's it gonna be? Six, six and a half. This is a new normal. So if you're really thinking about it and you'll like this house, these prices aren't going to bottom out, you should think about pulling

Starting point is 00:09:11 the trigger and doing it if you've got the cash to put the down and do it. So I think you're exactly right that the mortgage industry is going to play this like, hey man, it's the new normal. If you're on the sidelines with enough cash, but you like that house, the bottom's not going to drop out of this market. You should go buy it. I think that's going to be their sell. What a unpredictable economy we've been in to see this take in place. By the way, Rob, can you pull up, go pull up average 30 year fixed rates right now. Just Google average 30 rate, a 30 year fixed average 30 year mortgage rate. There you go, right there. Yeah, go ahead, Scott, the thing.

Starting point is 00:09:46 Now watch this, the average credits and go to another page and type an average credit score in America, average credit score in America. Yeah, so let's just see what it says. It should be about 7, 18. There you go. Okay, so if it's 7, 18, go back to the prior page. That means that number right there is 700 to 719. So on a $300,000

Starting point is 00:10:07 loan today, if you got a 30-year fixed, you're looking at 7.974%. That's a very, that's pretty much, you can say 8% is what you're looking at. But the FHA and the VA, as you see, they're down about 7. And so we're on a national like 7.5 right now.. We're on a national seven and a half right now. So if they lower it six times at minimum time, that's a point and a half, right? Oh, yeah. If we're national seven and a half, I think for really good credit, we'll be like national six, six and a eighth at the end of next year. If they take six drops of a quarter point, which is one and a half, brings it down to three and a half, add two, that's six and a half for mortgages.

Starting point is 00:10:50 So you don't think they're gonna do a single one of them above a quarter? You think they're all gonna be quarter, quarter, quarter. You don't think he's gonna do one out of half or three quarters? Um, currently no, but let's wait and see what happens in Q4, because the consumers had a gas, you mentioned a couple other stories we're gonna cover today and Why would they because when he raised it was all Basically 50 basis points right?

Starting point is 00:11:14 Fight inflation right inflation. Fight inflation. Okay, so pretty steep. How many of the cut or the raises that he did were 25 versus 50 basis points. He did a couple that were 25. The last four were a couple. Yeah. So, thought the last four were exactly 25. Exactly, but on the way down, do you think he goes 25, 25, 25, 25, just the whole way down? Yeah, I think this Fed does. Jerome Powell, I think he does.

Starting point is 00:11:36 Because remember, when the Fed drops fast, they're trying to prevent stagnation with a recession, which is some people called depression, and to get around it, they say, ohation with the recession, which is some people called depression, and to get around it, they say, oh, the great recession, because they don't want to use the D word. They pull those out when you've got major calamity. I think he's gonna sit on the quarters,

Starting point is 00:11:56 and unless there's something that really pushes him, it's gonna be the first meeting in April. For Jerome Powell said, inflation has been tamed. Yes, there's some pain. There's a little bit of unemployment has come back up again. But now we see way clear, it's just take a quarter. And I think you've been seeing this article that I think we referenced. This was the Axiose article basically saying the warm inflation is mostly one.

Starting point is 00:12:18 It's sort of declared victory and inflation. We'll see where that goes. Tom, just do me one favor. Please alert my good friend, Vinnie, when he should put on me. I'll just gonna say this is the time. I'll just where that goes. Tom, just do me one favor. Please alert my good friend Vinnie when he should put it on me. I'm gonna say, this is the time. I was gonna say two things, Tom. I was gonna say number one,

Starting point is 00:12:30 I'm gonna be an apartment for a while with something like this. Number one, number two. What was that rate, Pat, that almost 8% four years ago? What was it? Three percent. Three percent. Yeah, three percent just 22 months ago.

Starting point is 00:12:42 So by theomics is just, let's keep that thing going, right? But I tell you what, you know what they're gonna do next year. When these rates come down, there's a part of me that feels, yeah, there's a part of me that feels that we're gonna go back to fake success again. We always do.

Starting point is 00:13:00 Yeah, but again, that's not a good thing for us to go back to fake success. Hey Rob, would you? okay, so check this out This transitions into the next story watch this next story and this is the cause of fake success Okay, and we'll talk about this new thing that's taking place. That's very very hot That's making companies a lot of money. I'll tell you what the format is and you'll see why these two kind of add up With what we're talking about with interest rates., how America racked up a trillion dollars of credit card bill. This is a CNBC story.

Starting point is 00:13:33 A trillion dollars is what we have right. Americans have amassed a historic trillion dollars in credit card that driven by soaring interest rates due to Federal Reserve rate hikes, average interest rates for credit cards have reached 22 percent. Over 22 percent would retail credit cards nearing ready 29 percent. That means if you have $10,000 in debt, that debt is going to be $20,000 in 20 half years. That's what 29 percent means. Putting a financial burden on consumers, rising cost of essentials like rent, groceries and gas of couple would what high borrowing rates have left people feeling financially stagnant despite that's a record

Starting point is 00:14:11 number of consumers shop that's the key number record number of consumers shop during Thanksgiving holiday weekend with over 200 million hitting the store slightly more than in 2022 some big box retailers including maces and or some have expressed concerns about a slowdown and credit card repayments, posing a risk to holiday retail revenue. By the way, so who in here, can you do me a favor? Run up a poll, Rob, and ask,

Starting point is 00:14:40 has anybody in the last 12 months has used a buy now pay later option? Have you used a buy now pay later option? Have you used a buy now pay later option? Have you used companies such as Affirm? I think it's Clarna, PayPal, Apple. Have you used any of those? Just use. Have you bought anything with buy now pay later option?

Starting point is 00:15:02 Yes, no, that's all we need to talk about. That story leads to this next one, and in time we're going to you, more Black Friday shoppers use, buy now pay later, even as they shun big ticket gifts, okay? So what are you talking about? Early holiday shopping data show that consumers are increasingly turning to buy

Starting point is 00:15:22 not pay later services like a firm. Clarner after pay with $7.3 billion spent through these services as of Monday. The trends aligns with expectations that BMPL, buy-na-pay later usage, will reach $17 billion a solid-day season and increase of 17% from the previous year as indicated by Dolby October's estimate. Tom, I have some thoughts on this, but I'll go to your first. What are your thoughts when you see numbers like this? Well, I'll add to your number. With Cyber Monday, that 7 billion number you just quoted Pat became 9.3 billion in BNPL. So right now, why do people use BNPL? 20% of consumers

Starting point is 00:16:01 that apply for BNPL. And by this comes from payments, which is a kind of a watchdog and a market research firm that covers credit cards a lot of things. 20% of consumers said that they reason they use BMPL was to bypass a credit check because they don't wanna hurt their credit score or they weren't gonna be able, they were gonna get it. It's called the soft credit check is what they call it. Yep, so check this out.

Starting point is 00:16:27 BNPL was up 47% black Friday. Last year it was 11% this year it's 18%. And 20% of customers said that they would apply for it. So the real data is showing up. Check this out as well. This is kind of dangerous. Here we go. Half of people in a survey that was taken after Black Friday said they would have postponed or canceled the purchase of an item.

Starting point is 00:16:54 $500 or more that they use BNPL if BNPL wasn't available. Translation, I couldn't afford it and I didn't have credit to do it. So I chose BNPL. So I think we need to look at BNPL, the linkancies and Q1 and see what's going on there. And people 30% of the survey respondents said that it was the lower non-existent interest rates. For instance, there are some, most people don't know BNPL. When Best Buy says BNPL through a firm,

Starting point is 00:17:22 build, paid through your PayPal, you will get zero interest rates if you make the four payments and have it paid off by March 1st. So December, January, February, March, you pay that, it's zero interest rate. So most people said they went for the zero interest rate and no credit check and we had 9.3 billion used, which was up 47% from last year. Check this out. So a couple of other things.

Starting point is 00:17:47 Vinnie, how familiar would be MPL? Adam, are you familiar with being MPL at all? I don't recommend it, but I am familiar with it. Well, Pat, I always see it, but I always wonder, how was it related to like a credit card, which is basically by now, pay later, right? Okay, so check this out. Here's how it works.

Starting point is 00:18:02 Give you a little bit of insight. Tom did a great job explaining it, but I'm interested in the format, right? So the question becomes, why the hell would I use a credit card over a BMPL? What's the difference? That's the first question everybody asks. Oh, just the difference.

Starting point is 00:18:14 What's the difference between BMPL and a credit card? By the way, go to a Klarnaus market cap the last few years. Here's what these guys came up with. When the truth in lending, whatever came out, that they started checking and making credit card companies more tighter because of the amount of money they were making, all this stuff, the pressure they got, new credit card company business was kind of on the down.

Starting point is 00:18:40 They could be like, okay, what am I gonna do now? What they define as a credit card is you making four payments or more. If you make four payments or more, so for example, you buy this phone for $1,000, you decide to pay this off in 10 payments of a hundred credit card. If I buy this book for 40 bucks

Starting point is 00:19:01 and I'm able to make four payments of $10, that's a credit card. Anything less than four payments doesn't go through the act of, you know, the truth act and lending, okay, act that they came up with for credit cards. So what these guys did, the buy-and-a-pay later, it's three payments. So I buy this phone, it's $1,000, I pay 250 upfront. They don't consider that as a payment. They consider that as a down payment. Wow. Then I make three payments of 250 the next six weeks, 250, 250, 250. So six weeks later, I'll pay the phone off for what? A thousand dollars. So now the question becomes, okay, the

Starting point is 00:19:36 customers happy because they got the phone and they were able to pay it in four and three payments. And then the actual product developer is happy because they sold the firm for $4,000, but why the hell would there be a business model for this? Here's why. Because Clarna goes to Apple and says, hey, we'll offer this to your customers, but you got to give us 2 to 8% on the backend, which means what? So if you sell this for $1, bucks, you negotiate it with the retailer. So let's just say the retailer negotiates 4%. So if you buy this at a thousand dollars

Starting point is 00:20:10 and I give the BMPL, you're gonna give me upfront how much on a thousand dollars, 40 bucks. So Clarner makes 4% on a thousand, that's 40 bucks. And they're like, we'll take that risk, we'll go ahead and get with that and make the payment. Soft credit check, they're not doing a full-blown credit check on you, here's a problem.

Starting point is 00:20:25 You miss one payment of the three. You know what the interest it goes to? What? 30% on the entire purchase. So it goes from a thousand bucks to $1,300. 23% of people that have used a buy and out pay later are sitting there saying this was a terrible experience. This is clarinus valuation, by the way.

Starting point is 00:20:41 Look at the valuation, they're to the right. October 8, 2018, it was worth $2,5 billion. They don't want to five and a half billion. They don't want to 10.6 billion dollars. They don't want to 31 billion dollars. They don't want to $46 billion dollars. Back down to $6 billion. Now, this buy-and-out pay later model, you know who it's going to work for? You know who just launched a buy-and-out pay later last month? Apple on October 23rd just launched a buy now pay later only to their customers in America. Now here's the thing. Guess why Apple's not worried about this model.

Starting point is 00:21:10 What do you think Apple's not worried about it? Go ahead and don't pay it. Go ahead and not make the payment. You know what, Apple can lock you down from using your phone, iTunes, everything. Apple pay. They can shut you off for social media. So guess why this is a phenomenal model for Apple, phenomenal model for Apple, not for others. PayPal, good model. You don't pay it, PayPal can come and say, you can no longer bid on eBay. There's so many different things with this buy

Starting point is 00:21:36 and not pay later. The reality of it is, it goes back down to, they avoid it getting licensed. Like an insurance, imagine selling insurance or real estate, you need a license and you're like, man, how can I sell insurance without getting licensed? These companies were able to start a credit card company, what I call under the credit card company, call under the buy now pay later. These are phenomenal model by the way.

Starting point is 00:22:01 That's the thing, terrible for the control. And the rules that kind of go up by the way. Terrible for the consumers. And then all the rules that go behind it. Terrible for the consumers. Yeah. Well, FinTech comes out of Silicon Valley, that's where it starts most of it. And what does Silicon Valley think about? The word starts at D. Disrupting.

Starting point is 00:22:14 So how do I disrupt? Read the laws. Read the laws. Hey, if we do this, we could create this kind of a company, a FinTech company, it does this and this. And so they're smart. They read the laws, they put it up, they didn't make the loophole in the laws, that's the way the laws were written

Starting point is 00:22:29 and they built a company to serve it. And now the American consumer is even greater debt and it kind of hides behind the surface. Check this out, you know how people say, well, 30% is not a lot of money, what's 2 to 8%? Let's do the math together, watch this, watch this, Vinnie, I want you to pay attention to this. So if I buy it at $1,000, they get 2 to 8%

Starting point is 00:22:50 within how long, within six weeks, right? Is when the service is done. Okay, what's 52 weeks divided by six? It's roughly 8.7. Okay, if you're tracking with me, what's 2 times 8.7? Because it's minimum two to eight percent they get from The retailer right what's two times eight point seven? It's 17 percent 18 percent

Starting point is 00:23:13 What's eight times eight point seven? 70 percent they're making roughly Return on their money 17 to 70%. That's insane. Because they're getting the two to eight point from the retailer given it to these companies like Clarna. But you know what the problem is today,

Starting point is 00:23:34 why they're getting destroyed in the last 18 months? Interest rates. Money was cheap, they kept doing it. Now they're not getting money, they're getting destroyed with interest. So interest rates are putting these companies out of business. There's buying a pay later businesses. PayPal's gonna be fine with this. Apple's gonna be fine with this.

Starting point is 00:23:52 The smaller guys that are getting started with that. Even a firm is doing pretty good. Clarence is getting crushed. I'm just not a fan of this because it's destroying the consumer. It's hurting the consumer. It's another thing to tell you. Consumers don't have a lot of saving.

Starting point is 00:24:04 They're still lowest savings rate we've had in America and God knows decades. We are not saving any money. We're getting it to more and more debt. Why are we getting it to more and more debt? Because during COVID, daddy and mommy, the US government taught us. Hey, don't worry about it.

Starting point is 00:24:21 If you can't pay your bills, we'll send you stimulus. We'll stimulate you a little bit. On behalf of the government, poor little you responsible, father and mother that are supposed to take care. So American people are like, babe, don't worry about it. If we go broke, the government's going to send us a check like they did during COVID. That's exactly what you're raising right now in this generation. And I'll show you something else that I dug up on this and the research. You know who's in on this in a big way, the online retailer is specifically Amazon.

Starting point is 00:24:49 They have been doing studies trying to prevent cart abandonment. What is cart abandonment? Well, you go to Amazon, you put a couple things in your cart and you don't check out, you don't buy them. And they have been attempting to reduce cart abandonment. So they've been in partnership with a firm and Clarna and using the loophole so that they only have to say so much. So if it's not on your credit card

Starting point is 00:25:11 or if a credit card is denied, they put an interstitial add up right there. If you click here through Amazon and a firm, you can still buy what you wanted to buy right now. So the online retailers are pushing these mental games in the face of the consumer to get that. Why would the online retailer care? They're making their money. Correct. But with the point is the online retailer has turned to BNPL to solve a marketing problem which is online car abandonment. Did you get that? You're familiar with premium financing.

Starting point is 00:25:42 Of course. Okay. So Tom, you're familiar with premium financing. Yeah, absolutely. Guys, this is the story of premium financing getting insurance. The rumor has it and the myth has it that a former professional NFL player figured this thing out and turned it into an industry. Let me give you the story. This guy goes as insurance agent. He says, hey man, I want to buy a big policy.

Starting point is 00:26:03 It's like $10, $20 million policy. It's okay, great. Your premium's gonna be $300,000, $400,000, whatever the number is. He says, all right, cool. I'd like to finance that premium. The agent says, what? Yeah, I want to finance my premium.

Starting point is 00:26:16 You know, you don't finance the premium. You take the money out of your pocket and you give your check and he said, no, I don't want to do that. I want to go finance it. You can't do that. He says, who? And insurance agents like, well, that's actually a good question. I don't know if we can do that or not.

Starting point is 00:26:31 So this football player goes to the bank, finances the premium of the insurance policy, gets the agent the $300,000 upfront, the insurance policy is paying them whatever 4% every year. He's using that to pay the interest on the loan at the bank and the agent makes a couple hundred thousand dollars commission. He says, holy shit. Let's call it premium financing. So there's three parties involved in premium financing. There's the client, there's the agent, there's the insurance company.

Starting point is 00:27:03 Guess who loved premium financing, the agent. Love it. Oh yeah. Guess who originally, initially, liked premium financing. The carriers. The carriers love it. I sold more.

Starting point is 00:27:14 That's right, the carriers love it. What the hell are we doing working with these guys? They're giving us a thousand policies at a thousand dollars. This one guy just gave us a hundred thousand dollars or a million dollars. We would much rather do fewer policies, less leg work for us. You know what they learned a few years later? The agents were making Vinnie. They were crazy. Vinnie. I'm not going to give names. There's some guys who made so much money. They bought professional soccer teams in Europe.

Starting point is 00:27:37 Shut up. No. Shut up. Shut up. They bought professional soccer teams in Europe called premium financing. A few years later they realize, we gotta regulate this shit is getting a little out of hand because then clients interest rates were changing, couldn't pay the payments, clients are unhappy, a lot of things. I think this might not pay later,

Starting point is 00:27:56 reminds me of premium financing. Well, that's, if there's anybody that can speak to this for days on end, it's my business because when I came into the insurance business, I didn't go the typical insurance agent route. I went the almost the reverse mortgages of life insurance, which is called life settlement. So I got sort of thrust it into this industry

Starting point is 00:28:16 and the sort of like the PS to everything that they were doing in the premium finance industry was two years later because they would wait until after the contestability period. So anybody that has life insurance understands is the two years CNS clause, the contestability and suicide clause. So you ever see like making a murderer, they're like, yeah, she murdered her husband.

Starting point is 00:28:37 It's like, go check if they had some life insurance. That's the first thing they say. It's the first thing. So you can't really offload or sell your life insurance because your life insurance is an asset. You have to wait two years. So what happened is all these agents that were making all this money, all these older, wealthier clients were basically getting free coverage for two years.

Starting point is 00:28:59 The premiums were being financed by some entities, some hedge fund, some investor, what have you. The, as Pat mentioned, the carriers were taking in massive premium, but what happened is two years later, all of a sudden those policies would come off the books. They'd be sold to companies like mine that I deal with. And it was just, it was a civil war in the insurance industry. There's no question. By the way, a company called Axa, okay. Yeah.

Starting point is 00:29:27 I think it's called Axa, okay. You think. I think it's called Axa. I mean, obviously, I know what it's called, but I think it's called Axa. But we have a meeting with this man, Tom. You remember this meeting. We're on a boat somewhere in the world.

Starting point is 00:29:40 We're on this boat. Ramona Bay, where it's at, but it's a very cold place, but we're on a boat. And he and the pencil and the Maria. And this guy tells us that that company went from 2003 selling 300,000 insurance policies a year to less than 10 years later selling only 50,000 because all they focused on was these types of policies. And they said forget about these smaller policies. We're doing these are a lot easier and they make us a lot more money. and End the company took a big ass hit and they can no longer turn back around

Starting point is 00:30:09 To go back to the days of doing 300,000 policies here because that's very hard to do and then remember all the incentive trips All these agents were going around the world are going all like they're going on cruises They're making all this money, but I think at the end of the day much like any get rich quick scheme There's always an scheme, there's always an unhappy ending. There's only one. The only thought I'll give you 30 seconds here. My dad told me some advice years ago.

Starting point is 00:30:32 He says, man should not be in debt. When man is in debt, he acts like a different man. He doesn't feel like a man. It hurts your marriage. It hurts you as a man. It hurts you as a friend. It hurts you as a... As everything that you do. I'll give you three dead quotes. Okay. Here's one. He who is quick to borrow is slow to pay. Buy and I'll pay later. It's a German proverb. Here's

Starting point is 00:30:55 another one for you. If you think nobody cares if you're alive, try missing a couple of car car payments. That Earl Wilson. Here's another for you. From Andrew Jackson is the best one. When you get in debt, you become a slave. These buy now pay later companies are simply enslaving millions of people. And I cannot stand it because I was a former $49,000 of debt guy, credit score,, 495, 499. Don't fall for the 10 days.

Starting point is 00:31:26 Well, even in the Bible, it says that the borrowers slave to the lender. So, Adam, with the Bible, I'm going in. There we go. Let's go to the next story. Just like credit cards, a consumer protection agency is going to show up.

Starting point is 00:31:38 Let's go to the next story. The next story we'll go to is, do we want to do John Stewart? Do we want to do rockets? How about us to Bill Maher? Bill Maher says Trump is right that schools teach kids to hate America. That's why them staffers are protesting for Hamas. Here we go.

Starting point is 00:31:59 Bill Maher agrees that Donald Trump that schools are currently teaching children to hate America stating that he says under his administration, his next one, schools will teach students to love their country, not to hate their country, like they're taught right now. I gotta say, this one doesn't bother me so much, I gotta say, this one doesn't bother me so much because I think that this is what I see when I see kids demonstrating these progressives, demonstrating for Hamas, the most liberal people in the world that, oh, good, we're going to give America its commune ponds, asshole America. This is, this is, this is, they kind of have been indoctrinated this way. Mar emphasized a generational split between the Democratic Party quoting the kids seem to

Starting point is 00:32:43 be with Palestinians and the older kids seem to be with Palestinians and the older generations seems to be with Israel. Vinnie, what do you thoughts on this story? I do, just, I don't know, Bill Marr to me is one of the most flip-flop, I know Adam, I know Adam, I can't wait for you. He's just, he's the prime example of Trump derangement syndrome that all his network do, that all real time, Bill Mar was, for four years, was Trump, Trump, Trump.

Starting point is 00:33:07 All he pushed was the left agenda with Trump collusion, Trump's an agent, you know, vaccine, he pushed all the vaccines, dude, hey, I don't even think he's that funny. When's the last time you heard somebody go like this? Hey, guys, you know what we saw? We went to last night and was hilarious. Bill Mar, I mean, who's

Starting point is 00:33:25 listening to an hour of okay? Okay. God doesn't exist. Okay. It's boring. And just was this yesterday, Robert a couple days ago, he was, he had Roseanne on his couch of alcohol and I don't know what the hell this podcast is called. Weed. A lot of. She goes, she asked him, like, she's like, you got that MK Ultra, like MK ultra like thing He act he goes. I don't know what that is and then she goes you know who clout Schwab he goes who is that and then she goes He runs the w e f. It goes the clip. This is the clip cat is he's like be honest is he really this I have not done it. Okay play it I can't hear it about yeah, I can't hear anything we can't hear it. Yeah, I can't hear anything. We can't hear it.

Starting point is 00:34:07 Program your own. You look up at the beginning. Well, thanks, buddy. No wonder I don't remember this. No, shit. You blocked it out. MK Ultra. Who's that?

Starting point is 00:34:21 That's the mic control program. Your under bill. MK Ultra. Yeah. So who's, but who's Clou's Schwab? The head of the W E F. What's that? Google it. He, he really the pat, that was, that's not like a knack. He acts like he doesn't know who clou's. Do you think he's acting like he doesn't know or do you think he knows, but he knows 100%. He knows clou's. He, he, he doesn't know who Claus is. Do you think he's acting like he doesn't know? Or do you think he knows? He knows 100%. He knows Claus.

Starting point is 00:34:48 He is such a lukewarm flip-flopping. Bro, people like this better hope and pray that Donald Trump wins against it so they have shit to talk about. I hate him. I hate him. One day he hates him. The other day he's like, oh, I like how he thinks about what he says here because he says I mean, you know, he says that schools are teaching kids to hate America.

Starting point is 00:35:08 Do you agree with him on that? I don't think schools, which schools, not the younger grade schools. He's saying public schools are teaching kids to hate America, that's why they're supporting, you're saying yes, go ahead, come on. Yes, yes, yes, yes. Well, number one, his podcast he does,

Starting point is 00:35:24 when he's not doing real time with Bill Marr, which is on HBO and there's the after hours it's picked up by CNN. Obviously he used to be politically incorrect. It's called Club random. That's what he does with with with Rosanne. We had Rosanne here what two months ago. Less than two. She's, let's just say, adorably all for rockers. But that's another, that's a different point. Bill Mar, what I respect about him and I would appreciate if people on the left and on the right were able to do what he's doing, and what is that?

Starting point is 00:35:55 He's actually calling out his own side. So there's no secret Bill Mar is a classic liberal. He is not one of these modern day progressives. And even he says here, there's a generational split within the Democratic Party, specifically we're seeing this over Israel. The kids seem to be with Palestinians and Hamas, whereas the older generation seems to be with Israel. Obviously, he's an older guy.

Starting point is 00:36:16 He's probably in his late 60s, early 70s, how old is Bill. But I would argue that he is probably one of the most important political voices in America today. So yes, he does have some Trump, 67. Yes, he does have some Trump derangement syndrome. I think anybody, it's not, I want you to have it. I don't have it. I'm seeing some, some cracks in the facade over there where he's acknowledging Biden is

Starting point is 00:36:41 old as fuck. Yeah. And are we really going to do this? Dave Rubin was just on his podcast. Did you see? I'm not as bad. Dave holds his most of the show. I think Bill has done a good job this year

Starting point is 00:36:53 of calling out the left just as much as they call it the right. Tom, we, it's not a fan of the right. What do you think? But he's clearly not a fan of the new left. Yeah. Tom, this specifically, let me read it again. Okay, here's what he said. He said that under this specifically, let me read it again, okay? Here's what he said.

Starting point is 00:37:05 He said that under this administration, kids are being taught to hate America, to hate their country. Do you agree with that? Yes, 100%. And I applaud the fact that he's saying these things. Now, if you back up and look at Bill Maher and Whole Cloth over a two week period,

Starting point is 00:37:23 you'll see him say, this one is show, this one the after hours, this one club random. Okay, fine, there's some things you're gonna be upset about. But I'm backing up on it and I'm looking and I'm seeing a guy who is starting to say things and I appreciate the fact that he's got the stones to do it. He made a very important satirical point

Starting point is 00:37:44 in an opening monologue about the number of people per generation, per-cent per generation, that were identifying as trans or gay. And he was pointing out that, hey, something's wrong here, this is not it. And he goes, by this math, by 2050, we're all gay. He pointed that out, and he whistled with facts and figures. I appreciated he did that, and I appreciated

Starting point is 00:38:03 he made this statement because I think he's dead right. We're teaching kids to hate America, and he's correct. You look at the college campuses, to take the Hamas position, is not a patriotic, flag waving position. I think he's right, and I applaud the fact that he's saying some things now, that show that he's turning, and to Adam's point,

Starting point is 00:38:24 he's picking on, not picking on, he's calling out his side. You think he's turning because he's having this epiphany, Tom, or he knows that nobody wants to listen to just a Trump hating loser. People don't, no, no, hold on. Wait, wait, wait, wait, wait, wait, stop right there. Not one of it. Do you think any of his producers are going to say, let's move to the middle because you're a Trump hater.

Starting point is 00:38:44 Do you think anybody in the country, me that there's not one person there unless they are what I'm saying is stoned as he was right there. But he's going to say, look, look, look, look, look, but more and more you're hearing people like him going, yeah, but Trump was right about this and Trump was right about that and Trump was right. But meanwhile, all the years of him pushing that bullshit and dividing us, I don't forgive that easy. All that rush, rush, rush, align to everybody,

Starting point is 00:39:10 pushing the vaccine, pushing all this. I hate the fact that Americans' patches become now, we're just like, on whatever, we're on to the next thing. No, we gotta hold people's foot to the fire. All that shit that they push, all that hate, it's no wonder why people in the streets are hate. And he's talking about, we're teaching kids how to hate. You taught Americans how to hate a president that loved the country. And now we're supposed to say, what do you do?

Starting point is 00:39:31 So what do you do? Well, man up, man up to it. Okay. He's a kid. I'm in a crime can go to prison, but there's chaplain some prison and they can they can convert. What if this guy is having a slow move to he still shows the other way he still shows his color, Tom, okay, he still talk about Trump. I just think Trump is still, he's still when he talked to Dave Rubin was like Trump and Russia. No, he was involved.

Starting point is 00:39:53 It's like shut up with that shit. He's still stuck in that world, Tom. He still believes everything that Trump was was evil and negative and war war three. They pushed all that shit. Vinnie, how, I'm not giving you things. I'm not saying he's a day man. Switch positions. Like how soon?

Starting point is 00:40:09 Meaning what? Okay, so like since you've come here, you've obviously gone full hard right. Good for you. You've embraced who you are. Wait, define hard. What's hard right? I'm just a conservative. I'm a conservative Christian that was.

Starting point is 00:40:21 We didn't, but a year ago you would have never said conservative Christian. You wouldn't even, you wouldn't even said those words. Let's see, I wasn't, I haven't been a Christian this whole time that I've been here. Sure, I'm thinking you would have vocalized that as much as you are now.

Starting point is 00:40:33 I'm like, this isn't, this isn't I'm not on you. I'm saying, you found your position, you found your lane, you're doubling down on it. Amazing, you're in that world now. Most people don't change positions quickly or even gradually, most people double down on an amazing year in that world now. Most people don't change positions quickly or

Starting point is 00:40:46 even gradually, most people double down on their position. What I think Tom is trying to express is that Bill is a classic liberal, just in the mold of JFK or even a Bill Clinton. And what he's essentially calling out is whatever this new liberalism or this new Democratic Party is, it ain't your grandpa, he's Democratic Party. So give him a little grace to be like, look, a couple of years ago, I didn't fucking see this thing coming. And especially when Trump was there, it was so easy just double down on Trump.

Starting point is 00:41:16 Cool, all good. I'm not even, like, if that's your thing, that's what your thing. But at least at this point, whether you like him or not, acknowledge that his positions are shifting, and he's calling out the people that need to be calling out. Because everyone was calling out the far right, maggot extremists for years,

Starting point is 00:41:31 now that it's shifted to the far left, woke progressives, Hamas loving, woke agenda, and give him credit for doing that. Because he has the one is one of the biggest bully pulp it's on the left. To be like, yo motherfuckers wake up. Yeah. Because those are the people that are watching his show.

Starting point is 00:41:48 So in essence, what am I saying? He's actually doing more to help the cause you care about than anyone on the far right. Okay. And let's go the other way with that. Let's go the other way second. The communists were criticized for referring to Hollywood. They had a phrase for them.

Starting point is 00:42:00 What did they call them? Useful. Idiots. Correct. So you know what Kim did with that clip, that Bill Mark clip? She forwarded it to a bunch of other teachers and people that she knew. This is the clip where he goes through trends and he said, I'm sitting here in Los Angeles and it's almost fashionable to say that your kids are having an identity crisis, fashionable,

Starting point is 00:42:19 and he called it out. Kim forwarded around a bunch of teachers that said, you know what, I think he's exactly right. And I think it is happening this way. I think kids are influencing kids. I think kids that just feel a little alone or are turning, well, maybe I should be trans as a solution. And guess what, that became useful. It became useful as a perspective saying, you know what, maybe there's something to it.

Starting point is 00:42:39 And I'm not talking about kids that say, I've always felt I was gay, buh buh buh buh buh. Okay, I'm talking about all this confusion in sudden turning. His position is suddenly useful. So useful idiots can go both ways. Yeah, I, I mean, say one more thing. I'm gonna give you the whole thing. What I do agree with what Tom was saying,

Starting point is 00:42:54 and I think is essentially the question the pet asked, are they teaching kids to hate America? I don't know, but what I do know, is they're not teaching kids to love America. That's a very good point. That to me is the biggest problem. I don't know if they're not teaching kids to love that's a very good point that to me is the biggest problem Yeah, I don't know if they're out there basically saying America sucks don't it But they're not standing up doing the Pledge of the Asians. Yeah, they're not basically learning how to basically say the pledge The national anthem to sing along to basically be like your country love your country community service love America

Starting point is 00:43:21 The whole 1609 project or the black national anthem We have one national anthem in this motherfucking country. And then the national and then of our founding far just given our constitution, our patriots, our heroes. I agree. What is that? They're ex-slave owners. Did you see her on the, did you guys see her on CNN yesterday? I saw the, I saw, I saw, have you seen this whole thing or did you see the congresswoman? Tom, have you seen this? I have not seen it. Okay. First of all, I watched the whole thing. When you're, there, you know, what's her name?

Starting point is 00:43:48 What's the other girls in Dana Batch? Is it Batch something Batch? Dana Batch. Yeah, she is challenging her on her. I'll just let her play. It has to do with Hamas. Yeah, she is. Look what she says.

Starting point is 00:43:58 Listen. The other country. I want to ask you about sexual violence. And the, it's kind of remarkable that this issue hasn't gotten enough attention globally. Wide spread, use of rape, brutal rape, sexual violence against Israeli women by Hamas. I've seen a lot of progressive women, generally speaking,

Starting point is 00:44:23 they're quick to defend women's rights and speak out against using rape as a weapon of war. But downright silent on what we saw on October 7th, and what might be happening inside Gaza right now to these hostages, why is that? I mean, I don't know that that's true. I think we always talk about the impact of war on women in particular. In fact, I remember 20 years ago I did a petition around the war in Iraq.

Starting point is 00:44:50 You said saying that it's absolutely. And I've condemned what Hamas has done. I've condemned all of the actions. Absolutely. The rape, of course. But I think we have to remember that Israel is a democracy. That is why they are a strong ally of ours. And if they do not comply with international humanitarian law, they are bringing themselves to a place that makes it much more difficult strategically

Starting point is 00:45:17 for them to be able to build the kinds of allies to keep public opinion with them. And frankly, morally, I think we cannot say that one war crime deserves another. That is not what international humanitarian law says. With respect, I was just asking about the women, and you turned it back to Israel. I'm asking you about Hamas, in fact. I already answered your question, Dana. I said it's horrific, and I think that rape is horrific, sexual assault is horrific. I think that it happens in war situations, terrorist organizations like Hamas obviously

Starting point is 00:45:51 are using these as tools. However, I think we have to be balanced about bringing in the outrages against Palestinians. 15,000 Palestinians have been killed in Israeli airstrikes. Three quarters of whom are women and children. And it's horrible, but you don't see Israeli soldiers raping. Well, Dana, I think we're not, I don't want this to be the hierarchy of oppressions. I think 15,000 should have been killed.

Starting point is 00:46:21 It should have been killed. And in which is horrible. 2.2 million Palestinians live in a hundred and forty square mile area, which is about the size of Las Vegas with a population that is four times that of Las Vegas. And and one point eight million Palestinians right now are displaced. They are living in shelters. They are being told to move to South Gaza. Then South Gaza is being bombed. They're being told to move to South Gaza, then South Gaza is being bombed.

Starting point is 00:46:45 They're being told to move to North Gaza. What do you think about this when you hear this time? I think the progressive side has kind of lost its moral mind. I have a hard time listening to that, and I'm trying to find what compass and what position she's coming from. She's ignoring how this whole thing started. She's ignoring the carefully made point at the end.

Starting point is 00:47:12 The Israelis are not committing atrocities against the prisoners and citizenry. And I think that's the core point here is who started it? And you have, and just a ridiculously evil side of it that perpetrated these things, they were the invaders, they did it. You were our oppressors, we invaded to defend. Yeah, but not like that. And I have a hard time with that moral compass. I mean, how do you make that argument in your mind to start with the Hamas invasion and the rapes and the atrocities that happen.

Starting point is 00:47:46 And things that were not, we're not guessing, this isn't Reuters guessing, people have been released, hostages have been released, and they're talking. And they're talking about things and with remarkable consistency. Then you come to the other side and you just wanna turn it into, you know, well, Israel's bombing civilians.

Starting point is 00:48:05 There are two issues here to be discussed, but I have, I have a hard time with her moral compass. And she's chairman of the Progressive Caucus, so she's bought and paid for it. She can't take any other position. Any, what do you think about what she said? I think, hey, they'll never answer, never answer, you know, politicians. I shall never answer an honest question. She was, she was one of the biggest voices against Brett Kavanaugh,

Starting point is 00:48:29 like just all in on him being rape, even though he had all the proof and all the thing from the childhood, it's just not being able to just answer the questions. Like, listen, raping hostages, if you can't verbally just say that out loud in your answer as well, you know, Israel does bad things too. I think it's horrific.

Starting point is 00:48:46 I think she, I think I'm, I don't even like the girl in the right was a bash, but to put her on blast like that is good. I think that, that type of reporting, we need more of that. Putting them on, putting her foot to the fire. Well, look, anytime there's any sort of war, you know, innocent victims are gonna die.

Starting point is 00:49:00 That's just the unfortunate side of war. I wish, you know, if we could all do some sort of cum-bye-yah moment and there would be no war in this world and peace on Earth. Unfortunately, humans are very flawed and that is just part of our DNA. And it's called it tribalism, called it nationalism. This is the world we live in

Starting point is 00:49:17 and it's the world we'll continue to live in. But the moral equivocation between actual terrorists and a democratic ally of the United States is unfalible to me. And especially you're seeing this pop up on the progressive leftist wing. If anything, I'm seeing this play out, America's seeing this play out. And when we were at the Republican debates, I mean, it kind of seemed like an Israel rally at the Republican debate.

Starting point is 00:49:42 Different areas. In Miami, I would say yes. Yeah. In LA, partly. Yeah, but that LA was prior to October 7th. Yes, yes. So, I mean, it was sort of just, Miami was for sure. It was, yeah, it was like, even as I'm Jewish,

Starting point is 00:49:57 I'm like, guys, let's take it down a little bit. But it's good to see the Republican party stands with their allies. To me, as an American, as a proud American who does have roots in Israel I'm an American first guy understand where I that Where is US lie with this where's United States allies? Just look at the map who are the allies of Hamas who funds a Ross and Moss just look at the map It's Iran who's Iran fundingzbollah terrorist organization Hamas,

Starting point is 00:50:25 terrorist organization, Houthi rebels and Yemen terrorist organization. By the way, they're just fired on United States ships in the Middle East. Okay. Again, 75,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 there in that world, North Korea, Russia, Iran. So obviously Iran, the tip of the spear here. So I align with United States allies. So that's why when I see new leaders pop up, like our muddy Millay in Argentina, who says, I will not deal with communism. And what we're starting to see is the communists on the far left and the autocrats on the far right,

Starting point is 00:51:03 coalescing at the very bottom of this horseshoe, then it makes no freaking sense that far left progressive liberals are identifying with the most liberal people in the world, which is Hamas. It makes no sense to me. So to answer your question, it is unfathomable what's happening here,

Starting point is 00:51:21 and that's why we're just looking for basic common sense. You've heard me use my, the lens I look through. I said, if you wanna see what's happening here and that's why we're just looking for basic common sense you've heard me use my The lens I look through I said if you want to see what's going on downstream You got to go upstream to see what caused it and because we have upstream problems and downstream problems You know, it's a classic thing you have a polluted lake and the liberals want to build a ten trillion dollar filter Conservatives want to go upstream and say why is that factory put in pesticides in the river that made the lake? Just not the factory. And so, where's the factory?

Starting point is 00:51:48 Yesterday Bill Ackman had a long tweet on X about his letter back to the president of Harvard along with the data that he got from surveying people. It was a long letter back. And this was Bill Ackman back to Harvard, dear President Gay. And it was a long letter back in a suit bill actman back to Harvard dear president gay and it was huge and he went through here about free speech about what the about what even moderate professors are finding it was a thing you go upstream that's what's happening all you have to do is go up the Harvard and look at it and it makes bill mars point they're being taught to America. So when they're taught to hate America,

Starting point is 00:52:26 they're taught that there's no sense of patriotism or and that they're all more relativism. And that's all she's doing is showing that her church is a church of more relativism when she's being interviewed by Dana Bash. That's it, but where does it come from? You go upstream and you find it. You find out what's happening in colleges.

Starting point is 00:52:44 You find out that they're being taught and not taught. And you see what's going on around. So it doesn't surprise me now. And you see what's going on around the world. Like you see what Turkey's Erdogan had to say. He's basically calling Israel war criminals, calling Netanyahu war criminals really. Erdogan, are your hands clean?

Starting point is 00:53:01 No, not. Is the Ottoman Empire and Turkey's hand clean? Let's ask some Armenian friends of ours if you're the moral authority on all this kind of stuff. Because be careful who you start calling out, be careful who you align with. This guy is supposed to be a NATO ally aligning with the United States,

Starting point is 00:53:17 but he is flip-flopping. So it's just where were all the people when Syria, when Bashar al-Assad started killing all these people? Where were the Palestinian marches? Where was the Palestinian Brigade marching on behalf of Arabs who were being murdered? Okay? And Afghanistan, when the Taliban is raping women and doing whatever they want with women, where's the Palestinian Brigade and the Gaza Brigade and the Woke mob or that?

Starting point is 00:53:40 But only when Israel wants to defend himself, that's when you can speak up. So, like, do it all the time, and then we'll believe you. But obviously this comes down to anti-Semitic Jew hate, and that's what this basically is at the end of the day. Okay, let's go to the next story here. More retired Americans are unretiring and many worry about age discrimination. Okay, interesting.

Starting point is 00:54:05 So a resume builder survey found that 12% currently retired America is expect to return to work in 2024 with reasons including inflation and a higher cost of living and combating boredom as stated in the survey. A significant concern among these retirees is age buys with two thirds of those expecting to reenter the workforce.

Starting point is 00:54:26 Next year, expressing fear that it will affect their job prospects. Career coach Stacy Holler, the chief career advisor at Resume Builder, emphasized the importance of modernizing resumes. Don't use an AOL email address. Don't put your street address on a resume. Pictures don't belong on a resume. She suggests focused on the past 15 years of experience as talking about exactly what you did.

Starting point is 00:54:47 That longer go really want to help you get a job today. So tell what do you think about the story of unretyaring? So it's very interesting. We live in South Florida and you can find two types of retirees down here. Retirees that are commuting back and forth from the North, they call them snow birds in their part time.

Starting point is 00:55:03 They have maybe a small condo down here. They were able to buy that. And they come down here when the weather is warm in the winter. So the rheumatism in arthritis isn't so bad. And then you have the people that are living here full time. We have come, Kim and I have become acquainted with some people full time. And so this is me and my bubble and my little perspective. But what's interesting is where we encounter them.

Starting point is 00:55:24 We're encountering them at business that we patronize. And we're seeing them. And there's a business we patronize on weekends. I'm not gonna name it. That is in service business. And we see the same folks there every weekend and ask them, how you doing? I'm doing great.

Starting point is 00:55:43 I'm doing this. And what do you do? Well, I do this because number one is stay active and number two, you know, on Social Security, my pension, I don't get an inflation adjustment. They said exactly what's in this article. I don't get this, so guess what? I stress it.

Starting point is 00:55:55 I see people like you, you're very nice to us all the time. I get to talk to people, I stay active, and it's an easy, and it's not a hard job, but it's a necessary job that they're doing. They're not washing dishes And so they're coming out to do it. So part of it I think it's good that they stay active. I just think I think it's bad that they thought that they had retirement figured out And now they feel forced back out to do it. That can't be a good feeling

Starting point is 00:56:19 You won't be even worse. How about going to an unretirement party? You won't be even worse. How about going to an unretirement party? I just came to get around here like, hey, John, you're like, does have another shot? You're fucking... Okay, what are you gonna... This shit sucks. It's like a divorce party.

Starting point is 00:56:32 It's like a... Yeah, he's just hanging out with that. Yeah, he's like, they put the gold watch back in the box on the show. And he's like, listen, on top of the money, it's like, my wife is just a pain in the ass. I gotta get out of the house. That would suck, dude.

Starting point is 00:56:44 But that's hey. And it's because they said boredom in there too, right gotta get out of the house. That would suck, dude, but that's hey. And if they said boredom in there too, right? People are just pet, bro. Well, this just sort of is a great glimpse into the current state of the American retirement system because social security was never meant to be retirement program, okay?

Starting point is 00:56:59 And a lot of Americans just as Susie Orman kind of reference who can even bring that thing up, where she says the government's not coming to save you, or Susie Orman who is a financial expert, if you're not familiar with her, she warns of the looming financial pandemic. She basically used some sort of metaphoric, financial pandemic response right there.

Starting point is 00:57:16 But the reality is there's nothing sadder to see a 74 year old woman who's saying, yeah, I'm running out of money, I need to go back to work while she's submitting her resume with AOL email address. And her home address. And her home address. Come on by, lady.

Starting point is 00:57:33 So that is so sad to me. And I see these people all the time, like my mom's still working. My mom has zero hobbies. So I wanted to continue working. By the way, for any of our friends out there, whose parents are considering retiring, unless they actually have hobbies, just keep working, guys. Because life expectancy in this country,

Starting point is 00:57:53 I know it has gone down a little bit during the pandemic. Well, people are living longer than ever. Yeah, 10 years. If you retire 10 years younger, you die quicker than working 10 years longer. Stay active, stay busy stay stay stay Motivated keep your brain going. This is why Charlie Muggen and even Warren Buffett are going to even Henry Kissinger last to a hundred You got to keep your mind going but there's nothing sadder to see me get you know I uber everywhere There's nothing sadder to go see a 78 year old uber driver show up and I'm like, what's up, man? He's like, oh, you know

Starting point is 00:58:23 Just you know got back to driving Uber and I'm me. I'll talk to these guys and I'm like, what's up, man? He's like, oh, you know, just, you know, got back to driving Uber. And I'm, me, I'll talk to these guys. And I was like, well, why are you driving Uber? Because occasionally you get the guy, like you said, that's like, I just got to get out of the house. But occasionally you'll get the guy who's like, and I had a real conversation with a guy. He's like, yeah, I just never learned how to save. I made a lot of money. I was in the fashion industry. Some 78 year old guy, driving fucking Uber. And I'm like, man, he goes,

Starting point is 00:58:51 do you mind leaving an extra tip? I tipped him an extra 20. He didn't say that. I swear to God, he did. Oh, wow. I swear, he like, you could tell he has a pitch. Like, it wasn't like, he was like, it's like, hey, you know, times are tough.

Starting point is 00:59:03 And I'm working here at 78. and I had to get back to Uber. I used to be in the fashion industry. He had a whole spiel. He had a whole pitch. And he's like, so if you don't mind tipping more than you typically do, he's up selling. He might be full of shit. Yeah, at the same time.

Starting point is 00:59:16 I was like, you know, that might be his pitch. But if you're driving Uber at that age, I respect that you're driving right now, use it. Yeah. But no, listen, life is about, it goes back to the concert, C.M.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A.C.A. God, you God, you he's singing and he gets up who's that is that like the person just Kimberly, Michael Jackson, no, not a Michael, who would be like a Persian Kenny G. Not Kenny G. What's not later? Who's later the lady?

Starting point is 00:59:56 You're Kenny Rodge, like a Persian Kenny Rodge. Okay. So very famous and he's Every four of you know, he's a great man. I don't like him anymore He's You guys that be You know, I used to like you dar you Anyways, he says something at this event. He says look first of all I want to apologize for not coming to many revettings I said because I never sank happy songs. Why would you invite me to your wedding? My songs are sad songs. He says, so I apologize. He's just flat out of apology.

Starting point is 01:00:28 I was such an interesting moment. He says, but I like to take a moment to talk to the people that are younger, 20, 30s and 40s. That's the way he puts it. He says, make sure the young wolf in you takes care of the old wolf, you'll one day be. You're gonna be an old wolf. In other words, use the fire you have when you're young to save, invest, take care of your

Starting point is 01:00:50 health, make the right investments, be in the right environment, have the right friends, be friend the right people, run with the right folks, pay attention to the things that matter the most because one day you're gonna wake up you're gonna be like, I'm 70, the other day I'm talking I'm on the NELKBOY's podcast, Fos be like, I'm 70, the other day I'm on the milk boys podcast, full-sun podcast and I'm talking, I really like talking to these guys. And we're having a good time. And I say, how old are you?

Starting point is 01:01:13 And he says, I'm 28, how are you, I'm 29? I'm center-sane. You're freaking 45 years old, man. I mean, you know, 45 is young, don't get me wrong, but Vinnie, 45 is 45, right? You're talking to a 28-year-old. No, what I'm saying is like, and then I'm telling a story about the fact that I remember 15 years ago when I was in the army,

Starting point is 01:01:31 I'm like, 15 years ago, you started a company. You were in the army 27 years ago. That doesn't make any sense to me. Crazy. I don't know if you understand, like, he just went somewhere right now, focused on Adam's face. I just backed out first. I was. I'm just happy he got 40. went somewhere right now, focus on Adam space. I'm just happy to go. 40. The point is, welcome back.

Starting point is 01:01:50 Yeah, the point is this thing goes by real quick, bro. Oh, sick goes by real quick. I'm having conversation with my oldest son that are just two series conversations that I'm not used to having these stuff. Yeah, we've always had great conversations, but it's getting more and more serious and easy 11. In about 10 years, this guy's gonna be 21 years old. Like this, do you remember when you were,

Starting point is 01:02:09 when you were 11 and you talked to somebody, uncle, whoever, and they were like, yeah, I'm 45, you're like, oh my God, you're gonna die soon. Oh, God, you know. I would, I'd be like, oh my God. But hey, kids, if you guys ever watched this one day, just wanna give you guys a shout out, you never made me feel old.

Starting point is 01:02:23 At this age, you're very nice to me. 11, 10, 7, 2, when I ask you guys, hey, how old is old? So daddy, you're not old. You're 45, you're young. They'd still tell me that. What do they say about papa? They say, they say 80 is old.

Starting point is 01:02:36 80 is old. Yeah, they say 80 is old. I said, okay, fair enough. So they think papa is old and Dylan likes to make fun of the way papa walks. And he does such a good job. He does.. I gotta go like this. I gotta see this. It's true. Yeah, that's that's that Papa Gabriel walks. Well, that's still that is the walk of regal this. I mean the bring a list. I got back. No, regalists. He's like regal like an eagle.

Starting point is 01:03:05 He walks like an eagle. Yeah, but anyways, so listen, unretired folks, respect you guys for not making any excuses and getting to work. And at the same time, some of you are doing it because you're bored. For all the younger folks, make sure to, you know, young wolf in you takes care of the old wolf one day you'll be. Next story, want to get into it. Do you want to get into Trump

Starting point is 01:03:25 Call on a deniro or coach Yodoka against Lebron, which one you want to go you pay both both Incident you want to go to the coach. Yeah, let's go to the coach a rocket's coach email doka ejected after altercation of Lebron James, okay This is a outkick story the Los Angeles Lakers defeated the Houston Rock is one or seven ninety seven the general general general general general general general general general

Starting point is 01:03:51 general general general general general general general general general general general general general general general general general general

Starting point is 01:03:59 general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general

Starting point is 01:03:57 general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general general� general general general express frustration with the game and criticize the Lakers' physicality. Saying to kind of get punked by a team that's not known for physicality or punking people

Starting point is 01:04:08 is not a good sign of bronze. It's downplayed. The incident joking that he and Udoca were discussing their enjoyment of Thanksgiving, the history between Udoca and James who faced each other as players over a decade ago was noted. And the upcoming game between the rockets on the Lakers on January 29 was mentioned. By the way, this is what was said. Adam, you follow this story closely.

Starting point is 01:04:26 Do you have the exact script? Cause a video is everywhere. Okay, and you can hear him, you've seen the video. I see you've sent it to me. Yeah, so if you go to it, I just wanna see the words, man. If you can find the words that they have it in there, you had one of them, just go back to what you had. Yeah, kinda goes back and saying, you know,

Starting point is 01:04:42 y'all stop crying like little bitches man. You don't have to say promoting his first response to James. We're all grown man. They James said that bitch wore it and cool man. He says you, you throw that word around too loosely. So what are you going to do about it? So what do you do his face? Anyways, obviously nothing happened, but you could tell coach was ready to throw down Adam, your thoughts. Well, you know who this guy is. He made you do. Right? Cause everybody this lesson to the podcast knows you the blood James is okay. Yeah, but there's more to it. You know, he was the Boston coach. Okay. So the ironic thing that LeBron who for

Starting point is 01:05:14 all intents of purposes actually is a good family man. He'll go down in arguably as the great second greatest basketball player of all time. Father, husband, NBA legend. He's arguing with a guy named Eméa Godoku. Now most people are gonna listen, I was gonna have a huge sports audience here that's just basically loving the segment. But basically, Eméa Godoku, you know who he coached before the Houston Rockets?

Starting point is 01:05:36 The Boston Celtics. Now why did he get fired from the Boston Celtics? Because he wasn't taking LeBron's advice. Because he was fucking all the bitches in Boston that worked for the Celtics and they got fired. That was literally, that's what they were arguing about it stopped using the B word, stopped saying bitches because he basically just for, you know,

Starting point is 01:05:55 disclaimer purposes, they were arguing, were we able to play the clip or no? They were basically arguing over, he's like, y'all playing like bitches and LeBron basically said, you know, stop using that word. And he's like, nah, y'all are bitches, he's like, y'all playing like bitches. And the brawn basically said, you know, stop using that word. And he's like, nah, y'all are bitches. He's like, no, seriously, like, not cool. And you can tell that it got under the brawn skin for whatever reason.

Starting point is 01:06:13 And truth be told, I try to stop using that B word as well, but for this story I will. But he started egging LeBron on. But again, we talk about moral high ground and moral clarity, both lack some of that LeBron politically, email literally. So it's interesting to see that these two are going back over this bitch situation. Finney, any thoughts on that? You know what? I'm so happy now that I used to be a crazy, but I'm still a huge, janky fan.'m a giant fan. I can care about the records or whatever because we've won a lot, but not caring about sports anymore is one of the most,

Starting point is 01:06:49 like liberating, no pack, can I be asked you? Like I freaking love it, besides when you got. Adam thinks I went all the way right, even though I've been thinking like this since I was in Los Angeles. Okay, but you admit you're far right.

Starting point is 01:07:02 No, I don't think I'm far right. It took, you know what? And I'm being genuine. And I'm gonna be completely honest with all you guys. I didn't, I swear to God. I didn't know what left or right or anything was. I know. Until Donald Trump won and then I went, whoa, what the hell is going on?

Starting point is 01:07:16 And I saw exactly what the hell was going on. And I went, you know what? That's the swamp. Those are the people that hate us. Then call me whatever the hell you want. I'm the opposite of that. That's cool. That's fine, but go back to people that hate us. Then call me whatever the hell you want on the opposite of that. That's cool. That's fine, but go back to the sport.

Starting point is 01:07:27 It's very liberating. Now by the way, LeBron, like you're a basketball, I think sports has gotten way too soft. Do you remember back in the day in basketball games, everybody was calling everybody a bitch. They were talking, you're a mother, bad boys, and the 80s, Isaiah, versus MJ. Nobody can, what happened when they were beating up the fans?

Starting point is 01:07:43 Was it the Detroit, where are moral peace? They were beating the shit out, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, some white kid in the ground. Yeah. Just. Yeah, there it was. You just had it right there. Yeah, look at that. Can't show it right. Can't show it. Relax. But just just in general, just, just sports plan with football and the kickoffs, everything's gotten soft. You can't talk to them.

Starting point is 01:08:15 I don't respect athleticism. Yeah, but LeBron, I had an experience with LeBron and Los Angeles. A little, I was with a guy that's family is extremely wealthy. And we're all at expensive places in Beverly Hills. And a little kid that we didn't know was like, hey, LeBron signature. He was like, man, like brush them off, the security's being a jerk, my friend walked over there and yelled at LeBron James like a kid.

Starting point is 01:08:38 He's like, who the, do you think you are? This is in Toronto. He goes, who the, you think you are? You're all big and big. He goes, a little kid wants an autograph. You're not going to get like, I don't respect him on that. I don't respect him on China, but it's so liberating. So let me guess LeBron bitch laughed him using the B word. LeBron, no, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he,

Starting point is 01:08:54 he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, he, Sunday, besides going to church and stuff. I'm not sitting there yelling at another stranger because his guy, his team of strangers that are wearing tight are doing better than my team of guys are in tight. I'll tell you why I agree with you so much on this specific point. One of the biggest things that changed the trajectory of my life, no joke, was taking my Sundays back. Because I, when I was in my mid-20s,

Starting point is 01:09:22 just like a lot of young 20s, you know, you're on three fantasy football leagues. I'm rooting for the Dolphins. It's Sunday and then it's Monday night football. Now they got Thursday night football. Then the playoffs, it's Saturday and it's Sundays. And then you're watching your teams, you're in three leagues and each player's competing.

Starting point is 01:09:37 And I guess I said this is not so. And I went cold turkey. I stopped doing all fantasy football whatsoever. And I freed up my entire Sunday, that was in 2015, and what I start doing in 2015, creating social media content, streamline that right here to hang with you guys. I agree 100%.

Starting point is 01:09:56 It doesn't feel good, I'm gonna send Rob a photo. This is me in LA, Los Angeles, in Hollywood, the Giants are, they just beat the 49ers. I'm not the beat to shit out of everybody. Look it, look where I'm in LA. I'm standing up with the white shirt. I'm about, by the way, that's true. You're, you're 5'8". You're good. So you're standing on the same height as I'm standing on their school. I'm standing on their school. I'm on the same height as I'm standing on their school. I'm on the same height as I'm standing on their school.

Starting point is 01:10:20 I'm on the same height as I'm standing on their school. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. I'm on the same height. Yeah, you know what Adam. Yeah, what if I was like what are you talking about Adam? That's a run But that's it's it's a great feel like I love like Pat we go to a game and I got a video No, it's just a photo of but there's only one giant fan in the back That's me that's when we when they fumbled over to we won the Super Bowl this year bro I that guy

Starting point is 01:10:39 I I Did fight this is when the nine or putt return or fun bubble twice that there's only one What are you going to play? You are going to fight 49ers. I fought this every month. You actually did fight. This is when the 9 or punter turner from the fight. Oh, it's bubble twice. There's only one New Yorker in the back. I had to fight, not this guy, the guy in front of him outside.

Starting point is 01:10:53 It's like, thank you. What are you doing for changing your life? I tried. So you, we just talked about that. You have changed for the better. 100%. Okay, so like that's me back in the day, being a show out of people. Listen, no reason. The young Vinnie. I was a long, well, thank you. back in the day being a shot of people. Listen, all reason the young Vinnie.

Starting point is 01:11:05 I was a long, well, thank you. I was a long time Laker fan going back to the, the, the 20s with George Mike. It's exactly right. The, the, the, the action black and white, black and white. When they, when they invented the saw to cut down the trees to make the hardwood floor. When, when Dr. Nasemith, you know, you know, you were the Marty McFly to Dr. Ahmed Brown. So I know. Look at LeBron.

Starting point is 01:11:31 This guy is soft. The most points in being history, most uncalled traveling files in history, most flops in history, he's in the record books forever. Right. When Michael Jordan went to the Major League baseball, do you know about the trash talking that he got, a Major League Baseball? He got a walk and you know what they used to say to him? They used to poke him. They used to say things.

Starting point is 01:11:52 Well, if you can't hit it, every now and then, you get the first base anyway. They would say things like this to him because he was coming over and they would say things like, you know, harder than it looks, isn't it? Yeah, yeah. You know, we're not athletes. Are we? They would poke. But it was all in good fun, but the point they would say things like, you know, harder than it looks, isn't it? Yeah, yeah, you know, we're not athletes, are we? They would poke, but it was all in good fun, but the point they would poke. But if you've ever seen a major league umpire come out and talk to the ump. Oh, no, no, the ump will discover his parents weren't married when he was born.

Starting point is 01:12:18 There is a whole lot of things. Especially this ump that was about to retire. He's got a reputation, the one that ever tried. Correct. He was feared. And there is an ump that was about to retire. He's got a reputation, the one that we've tried. Correct. He was feared. And there is an ump that comes back at it. And it's like exactly. And so LeBron's having this quiet conversation

Starting point is 01:12:34 and the NBA, they called the technical, then they ejected, right? He went technical, technical, and then he ejected. I don't like that product. That's why I don't like the NBA as a product right now. I'm a diehard Laker fan, going back to worthy in AC Green. That was when I, my love for the NBA and for the Lakers

Starting point is 01:12:50 was born at those time. And magic time and magic showtime, baby. Magic, then Korean. I'll add one more thing to you. And by the way, once upon a time, if you're a Laker fan, we called it the Norm Nixon trade, and we were all upset about it. A year later, we called it the Byron Scott deal because we traded norm Nixon for Byron

Starting point is 01:13:08 Scott. You really went like, I mean, yeah, you layered it. James worthy. Patrick Johnson, we get it. Well, we get a time. Byron Scott, he was part of the blue sea and 8788. Back to back. What I will say is, it's not a good product.

Starting point is 01:13:20 And I think this is so soft. If you're going to get ejected, get ejected for something. This is so soft. Tom, the irony of Tom, biz that I love the smartest guy. No calling LeBron James are going to be the greatest athlete ever bitch soft is a lazy bitch. I gave him credit for most I would say this right that most people he was singing when he said once upon a time in 94 months, I made money alive.

Starting point is 01:13:42 Yeah, he was singing. I thought I was going to distract him. I'm not going to go ahead. But one thing I will add and to compare anybody to MJ's, probably unfair, the guy was just a man amongst men. But one thing that they did not have in MJ's day when he was playing basketball or even baseball was social media. This was not picked up by TNT.

Starting point is 01:14:03 It was picked up by someone's phone recording it. So there's a lot of citizen journalism going on there. So I'm wondering what kind of shit would have been picked up back in the day. Now everything's picked up, ticked up for everywhere. Westbrook is making it, Westbrook's like, you can kick him out, kick him out. I don't wanna get talk to one of my favorite guys in New York

Starting point is 01:14:20 and see what happens to your ass. All right, let's go to a different story. Let's go to a different story where actually shit's being talked and they both like it, okay, Trump flips out at Bob, Daniro flips out at Bobby Daniro. Former President Donald Trump on Sunday issued a belated unhinged response to actor, this is a half-po-bother woman that used the word unhinged to actor Robert Diner

Starting point is 01:14:43 who is fierce criticism of him last week's Gotham Award Ceremony. Trump hit back on his true social platform at the weekend. Colin Diner, a total loser, Robert Diner, whose acting talents have greatly diminished with his reputation now, Shad must even,

Starting point is 01:14:59 is a teleprompter for his foul and disgusting language. So disrespectful to our country, wrote Trump. He has become unwatchable both in movies for his foul and disgusting language. So disrespectful to our country, Rotrum, he has become unwatchable both in movies and with the fools that destroyed the Academy Awards, bringing them from one of the top shows in the country to a low rated afterthought. The Nero show should focus on his life,

Starting point is 01:15:18 which is a mess rather than the lives of others. He has become a total loser as the world watches, waits and laughs. Guess what, how long you've been working on that Trump impression? That was perfect. But you know what, guess what? Nothing, like, be honest, has anything about that,

Starting point is 01:15:32 Bob, and here is the history of Donald Trump and the media and people, and you can talk shit to him. You can go at him, but the moment he responds, he's on hinge, he's whatever, that's why he's gonna go down as one of the dopest presidents, because he doesn't give a shit, he's unhinged, he's whatever. That's why he's gonna go down as one of the dopest presents because he doesn't give a shit. He wears his heart and his sleeve. By the way, who went after who first?

Starting point is 01:15:50 Robert De Niro called him a dog. Remember, he called them this. He called them that. Good for you, bro. That's a New Yorker talking shit back to another New Yorker. You talk shit to me. I'm gonna talk shit back to you. I do think it's hilarious because by the way,

Starting point is 01:16:01 let's follow along. Unwatchable movies. I agree. You can't like good, dude. Good fellows and all those movies. You can't compare them to what way, let's follow along. Unwatchable movies, I agree. You can't like good good fellows and all those movies. You can't compare them to what the hell he's doing now. Destroy the Academy Awards. Fact. Top shows in the country.

Starting point is 01:16:13 Low rated fact. You know, I mean, I don't know. He's a focus on his life. He didn't get divorced. Everything but bro, if you talk shit, you got to be able to get it back. Robert De Niro talks shit. He gets talk shit back.

Starting point is 01:16:21 Good for him. Good for Trump. I think Trump should just make a rule because obviously it's no secret. Trump will go hit back at anybody. Good. Okay. I love Rosie O'Donnell, Megan Kelly, Deniro. Trump, if you hear me out here, brother, stick to the A-listers. You can go after the A-listers. Lavi is a A-lister. That's my point. You want to go after the deniros of the world, or the Scorsese of the world, the Puccinos of the world that are leading on to Capri cool.

Starting point is 01:16:48 When you start going after like Chachi from good times and basically like low, didn't go after. No, just any random people. You want to start going after Arnold from the facts of life or different strokes. It's like how low are you going to go here? Because you know, keep it to a list and above.

Starting point is 01:17:06 No be list actors. Certainly don't hit after some random obscure. Hey, Seth Green, it's got a message for you. Adam, do you respect, do you respect the fact that he's going after people that are literally going after him? You're poking the fucking wrong. We know about every single president ever in the history of America

Starting point is 01:17:25 is they wouldn't address any attacks from random citizens. Well, even if they were famous a-listers. He's a drug. Exactly. Yeah, Trump. Well, let me ask you, the general. You'd rather have him do Kevin Durant and get a burner account, okay? And you know, act like other people are saying it,

Starting point is 01:17:46 like just like the left us all the time. Those guys, those guys are famous for burner accounts or would you rather have a guy that doesn't use a burner account? He uses his account, which would prefer. I'm not even going in the hypotheticals, meaning I'm addressing that he is doing it. It is coming from him and it is what it is.

Starting point is 01:18:02 So what we're saying is whether you're comfortable with it or whether you're comfortable with it or whether you're not, Trump's going to do it. Might, the 500 million people places and things. This is my point. I can't even go this list. We can pick 10% that's like, cool, go after Favre De Niro. Of course.

Starting point is 01:18:19 Cool. Go after Martin Scorsese. These are no names. Look at that. He's that guy. He's dead. He's not like a dog. He died. He's dead. He's not like a dog.

Starting point is 01:18:27 You know, a beautiful dog. I'm not gonna. I'm not gonna. Normally you would knock into door. Hey, can I come in? No, I didn't do it. They didn't do that. The limit, the liveness test, should be whoopie Goldberg or above.

Starting point is 01:18:38 But yeah, that's like an A minus view celebrity or a book. What if you go down this list and you start, hey, Alph, I remember they actor from Alph. Look, it's like really broke. You went really into the conference. You're going Alph, but if you think about that, I forget about that. I don't want to do you mark your shoe.

Starting point is 01:18:58 Do you realize if this guy wins, this has come from the sport you're doing. That's what I want. It's been boring. By the way, do you realize press conferences? Do you realize messaging? Do you realize, sit down? Yeah. Sit down.

Starting point is 01:19:13 Sit down. Your show sucks anyways. You're a loser. And that's what a mayor, by the way, that's America. And you know what people say? We want a president for the people by the people. That's Americans. He's the average American.

Starting point is 01:19:25 Shit talking, trolling, attitude, online, that, that, that, what, what? Donald Trump is not the average American. Meaning, meaning his name, whatever you're about to say. He is not the average American. He's a billionaire with buildings all over his life. He knows the price of milk, he goes to, he goes to he goes to publics and Palm Beach every day. Trump and build down the tree. You don't think President Trump makes his own peanut butter and jelly sand.

Starting point is 01:19:51 Yeah. Rob can you the average American? What I'm saying is I can see you and you and the average. What what I'm what I mean is Adam the this trolling this internet this talk is shit. That's what Americans do. Let's go to the next door. Pretty sad. Let's go to the next door.

Starting point is 01:20:08 Let's go to the next door. Let's go to the next door. So, Tucker Carlson drops bombshell revealing what got him fired with Fox News. Let's see what the reason is for him getting fired. So, Tucker are some former Fox News hosts, discusses departure from the network stating, I didn't expect to get, you know, my show canceled. Money more and expressing this lack of surprise, but not providing specific reasons for the firing. He added, they were very nice to me the entire time I was there, but I could feel that they strongly disagreed

Starting point is 01:20:38 in the war and Ukraine stuff. They really didn't like that at all. The January 6th stuff, Carlson, also hinted at unpredictably of the upcoming 2024 presidential election noting that it might not be a contest between Joe Biden and Donald Trump due to establishments, actions and Biden's declining popularity in the polls saying, this is not going to be a race between Joe Biden and Trump.

Starting point is 01:20:59 And by the way, Rob Wright before this gave me some news. Rob, did you see that story with... Now they're going after Justin Wells, his business partner, according to Wall Street Journal Tucker Carlson's longtime producer is accused of sexual assault, ensued former Fox News staffer said Justin Wells forcibly kissed him and grabbed his genitals in late 2008. Welles denied the alleges. So I didn't even know he was gay. Man on man's play.

Starting point is 01:21:31 Who is this guy? So he put the top of the talk, he also had an adjustment wells and a lawsuit from former Fox News, then Justin Wilson invited him to go come to his apartment before they were joined. Other people at nearby bar, the alleged incentive place in 2000 shortly

Starting point is 01:21:43 after they were enjoying the suit set. So after serving them a drink, Wells pushed Nancy into his bed, forcefully kissed him and grabbed his genitals, the alleged and full lawsuit, which was filed in New York Monday. Here we go. That sounds like a third day.

Starting point is 01:21:57 That's a Thursday night for now. If that's a guy doing it to another guy, that's just classic locker room car. That's a bloody, like, Eddie stops my ass every time I see him. Every single time, hey, tip grab home, hey, stop. It's my ass every time I see him. Every single time. Hey, tip grab. Hey, you're nuts, Jack.

Starting point is 01:22:09 That's how we roll, bro. Let me ask you a question. Let me ask you a question. How much of this? How much of this do you think it's, you know, Fox finding ways to get back at Tucker? And how much of this do you think it's real? What do you think this one is?

Starting point is 01:22:22 It's all going out to talk. I said, I think it's a combination. Anything to discredit him because, yeah, go ahead. I think it's real? What do you think it's all going out to talk about that? I think it's a combination. Anything to discredit him because, yeah, go ahead. I think it's a combination of number one, they were on the clock because they had to get these suits filed. And number two, I think Fox, look, do they leak things about their talent when they're negotiating new contracts? They do.

Starting point is 01:22:42 Do they leak things about their talent when they leave and go to another place? Well, he was a handful to work with and the ratings were slipping according to our analysis. When someone leaves and goes from its member Katie Kirk left and she went to Yahoo and all the sudden NBC was like, well, it all wasn't what you really think it was. And they leak those things out. Do they do that? Yes, they do. So is Fox leaking right now. Yes, but is there already these Adam, what is a deadline? There's a deadline a week ago for the harassment suits you could go. Yeah, it was you could go back 25 years I know that yeah, no, you know you were right. Your time you were actually you're actually right It was like I forgot the name of it, but I just looked around. I was just gonna ask you that sexual assault I was gonna go to Wikipedia or you so I went to you

Starting point is 01:23:26 This is what it's called right here. That's why, that's why, did he got it? It is, the complaint set it fell under the Adult Survivor Act, a law that passed in New York's Democratic ledilagislator and took effect on Thanksgiving last year. That law opened a year-long window during which people who say they were sexually assaulted, as adults could sue their alleged abusers, regardless of when the alleged abuse occurred.

Starting point is 01:23:48 Yep. And so I think that was happening. And I think I'm from the 80s and the little I think box absolutely said, hey, that guy's filing a suit. And then they throw a leak out to pay checks. Well, and look how easy this is. I know you were joking at him. You know, easy to do the sexual assault.

Starting point is 01:24:02 Like ready for this? Adam, yesterday in the in the break room, you grabbed my crotch. That's it, it's a story. I didn't feel anything, Vinnie. But that's whatever, you know why? Because I was in the sauna. I hate when he brings it up, but all it is is an accusation.

Starting point is 01:24:18 And by the way, there's no cameras in there. You prove me wrong, but now it's in the news. It's, you have to get a lawyer, and then it's, and now people think back to the actual Tucker situation, right? Because we're talking about his producers and we're talking about whoever the guy was. Yeah. Back to the Tucker situation. This article, which is basically from what the daily fetched and whatever.

Starting point is 01:24:35 Which one are you talking about? No, why? The one you just read, Tucker. No, no, no. The one I talked to, the Justin Wells is from Wall Street Journal. No, no, not that one. This one. The one I'm proud to have. Yeah, it is. Regardless, the Justin Wells is from Wall Street Journal. No, no, not that one. This other one.

Starting point is 01:24:45 Yeah, it is. Regardless, the real reason that. Regardless, what were you gonna say? We're gonna just hit this nail on the head out. I'm if you're gonna try and hit it. Jesus. But the point is what this article leaves out are two major names.

Starting point is 01:24:55 They don't talk about the Murdox. Yeah. And they don't talk about Roger Ailes. And they certainly don't talk about Dominion. To me, that's the three biggest reasons that Tucker got fired. There's sort of subjugating it with this Ukraine stuff or January six, whatever.

Starting point is 01:25:11 Roger Ailes died. The Murdoch's and the Murdoch's kids took over. This dominion, what was it? $1.8 billion lawsuit? What was it? Maybe even more. Whatever the hell it was. And I assumed part of the lawsuit

Starting point is 01:25:23 was they needed a head to roll and Who's a bigger head literally the nail Fox news nail him in the head right there Then Tucker Carlson so that's to me the reason that he basically left Well, what a murder. Ox wanted Tucker there. He would still be there But they didn't choose a good enemy pack because he chose his enemy Why if you think about it? He chose them and he went that nail. That nail in the head and speaking of, I mean, not to be the book, but if any, not to cut you off, but go ahead, Tom.

Starting point is 01:25:51 Right. Tom, good. Your point's more important. She, um, and what bugs me about this story is repeatedly grabbed, repeatedly grabbed this apartment. Hey, if you're a rabbit, Tom, you're going to be a whole thing on that. His apartment, at his apartment. So number one, you're at the apartment.

Starting point is 01:26:09 Number two, after, after a grab, maybe I like, dude, you're drunk. Get away from me. And, and a second attempt, don't you leave? But you're hanging around for repeatedly grab. It's like the, it's, it's, it's, it's, it's, it's like, you're hanging around for another grab. That's right.

Starting point is 01:26:24 It's like the old money Python film It goes you were raped and he says well at first It started by the way, you know I I've spoken to Justin before he's very respectful and he and I my experience with him has been great But this is even a bigger thing to show that Tucker no matter what his position is His main executive his main executive, his main producer is gay and Tucker never talked about it. He didn't use that, advertise it, anything.

Starting point is 01:26:52 And we find out in a situation like this, if it wasn't for the grabbing, we would have never known. Okay. Nobody cares. Take your place. Everything in this story is allegedly. We don't have to grab in or. Touching, playing grab ass. Other than me grabbing Vinnie in the break room.

Starting point is 01:27:07 Yeah, I am a little bit uncomfortable when these stories come out like this. Whenever it comes out like this, kind of pumped the brakes and put a little bit of the paranoid hat on and see what's going on. So Derek Shobin, okay, is discharge from hospital after being stabbed 22 times

Starting point is 01:27:25 in the jail the former Minneapolis cops sentenced to twenty two years from our george phlois murder has been discharged from the hospital after being stabbed twenty two times in prison by john tersec a career criminal and is now back at federal correctional institution and two son iris on a court John Tussac, Tussac, who used an improvised knife to attack Shovon in the prison library on Black Friday

Starting point is 01:27:53 has been charged, like you had to put Black Friday there. Has been charged with attempted murder and reveal that he has been planning the attack for a month due to Shovon's high-profile status. Tussac indicated that he chose Black Friday because of its connection to the Black Lives Matter movement sparked by Floyd's murder. Tom, you seem to have a reaction to it

Starting point is 01:28:15 what are your thoughts on the story. I'm trying to figure out how Black Friday shopping day, which was named back in the 80s or earlier, I'm trying to figure out how that is somehow connected to what's your language, Tom? Watch it. Watch it. Watch it.

Starting point is 01:28:31 Watch it. Watch it. To BLM outside of one word happens to be the same. That's confusing me. And the other thing is, you know, it sounds like Derek Chauvin is lucky to be alive. Stab 22 times. How do you select 22 places to get stabbed and somehow not bleed out or? Well, I mean, well, let's let's really bought the knife on Black Friday. It wasn't sharpened. Yeah. Well,

Starting point is 01:28:51 well, it's a makeshift shift or whatever you want to call it, but which is usually a sharpened toothbrush, by the way, they take plastic to time. You would know because you remember that time you did that stint and sank went. I feel like I would be a great I don't know if you know what time he did that stint in San Quentin. I feel like Tom would be a great, uh, great character. You know, Tom would be, Tom would be the Walter White murdering. Tom would be that guy, but my name is Heisenberg. Yeah, but I feel like you would be a great sidekick.

Starting point is 01:29:16 100% right? You're right. You're right. You're writing a script. But if you think about it, then you be Jesse. Yeah, there's Tom right here. Yeah. Um.

Starting point is 01:29:24 Stop, y'all. I get a whole knock. Get hard, homie. I'm a doctor of business. But Rob, wasn't that true? But Pat, that was the week he got stabbed. There was the report that was released because of that girl about the coroner's report

Starting point is 01:29:39 of how, what's his name? George Floyd was actually killed where there was questioning Pat that the fentanyl and it wasn't the actual exphyxiation. So the timing was weird that the week that he was trying to appeal his case, a guy that was, is an FBI informant or used to be against, I guess the Mexican gangs,

Starting point is 01:29:59 he stabs this guy 22 times and doesn't do the job. And by the way, it wasn't just an appeal. This was a, this was a writ that was put before the Supreme Court for reconsideration. Yeah. Trying to get to the US Supreme Court that the US Solicitor General refused to even hear. So the Solicitor General is like the guy at the Velvet Rope, if you think of the Supreme Court as a club. And the guy at the Ropes got to let you in.

Starting point is 01:30:24 Solicitor General, we don't even want to hear it. club, and the guy at the Rope's got to let you in. So, sort of general stuff. We don't even want to hear it. Yeah, but you know how committed this guy was to this crime to killing Derek Chauvin, trying to keep his nickname is read this. His nickname is stranger. He's been serving 30 years sentence, and he's scheduled to get out in 2026. He basically had two years left on a stint. Yeah.

Starting point is 01:30:42 He's like, fuck it. Yeah, I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it.

Starting point is 01:30:50 I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it.

Starting point is 01:30:58 I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. I'm going for it. But does he want to be released and died heat led to the indictments and more than 40 suspected members of Mexican mafia? So this guy when he gets out, what do you have?

Starting point is 01:31:09 He gets out. What do you mean? He just that's attempted murder? No, no, no, no. What he's saying is he's shot to notoriety over two days a decade ago after providing information that led to the indictments of more than 40 suspected members of the Mexican mafia while acting as informant according to all the times. Tom is saying the day he gets out, he's dead. So he doesn't want to go. So maybe he did this to make sure he does. He is dead, like a dog. Does anybody disagree?

Starting point is 01:31:31 No, I think that he would typically have to go into the witness protection program and they wouldn't give two shits about it because he's a former criminal and he would be working with who the feds at some point. And something basically looked at his number. He said, I'm out in 2026. Either the Mexicans are going to get me. Yeah, but I'm going to get Derek Chauvin over here. I'm going to take path.

Starting point is 01:31:47 All right. Or I could just stay here. Well, show, but now Shobin, we rent. Well, now Shobin, like, think about the security that Shobin's going to have to have because now he's, he's obviously been a target. Now you guys let him get stabbed.

Starting point is 01:31:58 That's all that's a, it's kind of a, it's a, it's a touchy situation. I mean, just think about Derek Chauvin's life for a second and believe me, I'm, I'm, I'm no fan of Chauvin. Three years ago, this guy was just a cop in Minneapolis, doing his job, made an idiot move, whatever his interaction was with George Floyd. And argument to be had another day.

Starting point is 01:32:20 And so killing the guy, manslaughter, whatever helping in the death. Now he's literally getting potentially stabbed to death. Just one stupid decision in your life, boom. And you're done. You're done. Like facing, like you can not. This guy for all we know was an upstanding citizen.

Starting point is 01:32:39 I don't know his story. All I know is that he murdered George Floyd. That's all I know about this guy. He was a cop in Minneapolis. I respect the hell out of cops. We have cops here like no doubt. But now he's getting shanked in prison. Yeah, and this is what he's dealing with.

Starting point is 01:32:53 And that's why he was trying to appeal. Adam, he was trying to appeal that he didn't murder and that this guy was OD on 90 different fucking drugs and meth. And yet, I mean, by the way, if the coroner's report says that exfixiation didn't kill the person and he's trying to bring that to court and they don't even want to hear it. 90 different fucking drugs and meth and yet I mean by the way if the corners report says that Exphyxiation didn't kill the person and he's trying to bring that to court and they don't even want to hear it and then he gets stabbed This is help him his case

Starting point is 01:33:19 Not that's a supreme court this is a point here. I want to hear but the sooner general would like Now what do you know that he's been stabbed 22 times and almost lost his life? Well, maybe they'll hear no no, no, I don't think they'll empathy or sympathy. No, but now he's, now think about the protection, now Pat. Now if anything happens to him after this and he gets murdered, they're gonna get sued and it's gonna be bad for them because this ones are only shot to kill him. If it was a setup, that was their only shot in this guy. Do 22 times and you don't do the job, you're horrible at your job. You're a horrible stabber. 22 times, you don't do the job, you're horrible at your job. You're a horrible stabber.

Starting point is 01:33:45 22 times, you can't finish it. The one the way the gang doesn't like the stuff. I know we're joking, but it's still. All right, Spotify to lay off 17% of a staff. It's third round of job cuts this. By the way, it seems like every couple months we're telling the story. And it's not an old story.

Starting point is 01:34:02 It's a new story. And this is according to WSJ Spotify, it's set to lay another 17% of its workforce approximately 1500 employees making a third round of job cuts in 2023 as part of an effort to boost profitability. CEO Daniel, I emphasize the need for cost reduction stating being lean is not just an option, but a necessity company anticipates incurring charges of up to 145 million euros, so 157 million dollars in the first final quarter of the year, due to the layoffs and expects an operating loss of 93 million dollars,

Starting point is 01:34:36 to 108 million dollars in the fourth quarter, revising down its prior forecast of 37 million operating profit. However, CFL, Paul Vogel remains confident in the company's profitability projections for 2024, saying we're doing this from a position of strength. Tom, are they doing this from a position of trying to find some money to pay Joe to renew his contract?

Starting point is 01:34:58 What is this for? There may be part of it, but there are two things going on here. One of them I'm gonna cover in a coming week on a biz-doc podcast here from value-tamant. And that is, the first thing's happening is Spotify is having to write size its finances for two reasons. One, the underlying cost of the music is like 82%.

Starting point is 01:35:17 So in other words, for every dollar they bring in, they got to pay out like 82% and they get carved up in these little pennies and slices of pennies and sent out to all the the music acts and everything That's first it's the second of all they're trying to make Podcasts of success and they've had to liberate themselves so that they made some acquisitions that added some fat They had they got rid of the Obama's they got rid of some people that weren't performing and they need to resign Joe Rogan so I think they are trying to right-size the company for profitability and get ready for the signing resign Joe Rogan. So I think they are trying to right size the company

Starting point is 01:35:46 for profitability and get ready for the signing of Joe Rogan and point B, which I'm gonna get to in a couple weeks, is we're about to see the consolidation of streaming services, the same way we saw the consolidation of cell phone companies. That's the way it's gonna work. Who's gonna be the big dog behind on that? Ah, Apple and Paramount Plus are gonna get married validation of cell phone companies. That's the way it's gonna work. Who's gonna be the big dog behind on that? Apple and Paramount Plus are gonna get married.

Starting point is 01:36:07 Or they're gonna consolidate into a single offering and then split proceeds, but offer it as one offering. You're gonna see things like that happen. The same way that you saw, look at all everything we saw in the United States. Once upon a time, we had singular, Bob A. Tantee. Right? We had Prime Co, Bob BISBC.

Starting point is 01:36:23 And then SBC. You think Spotify will be in the buying or the one being bought? Spotify is going to be one of the buyers acquirers. I look at Pandora. It's Pandora going to be there all by itself, much longer. Or to Spotify kind of absorb that and be the mega service, perhaps. But I think that's the part two. Part one is they're trying to write size, their finances, and get ready for the resigning of Joe Rogan,

Starting point is 01:36:47 and they spend a hell of a lot of money trying to get into podcasting, and a lot of it went bad. Other than Rogan, who is Spotify's biggest content creators these days, I could have a lot of them. If you go on, there's a lot of good ones. Have a lot of good ones. Yeah, they have a lot of good ones. It's not like they have one or two.

Starting point is 01:37:02 But nobody's close to like, Rogan's contract path is, did they have Obama in spring? Stain? They had Obama springs. They had car accident. I didn't press the area. And they, they didn't renew. They're like, we're moving on. You guys are, who are there biggest people now, than Rogan? Um, I, I genuinely don't even know who is it, Robbie? They've got about your crime stuff. They say the names. They're on Spotify. Like, meaning, anybody you say is on stuff. They say the names, they're on Spotify. Like, meaning, anybody you say is on Spotify.

Starting point is 01:37:27 All the big names are on Spotify. What is there, no, not exclusive. People are screaming it everywhere. You know, they're not, you know, Spotify, unless if you're willing to pay the kind of money you pay Joe to some other podcast. Most guys don't want to have their podcast being one place. Yeah, they had to pay to get that from.

Starting point is 01:37:47 Of course. Correct. They are a record label for Joe Rogan, but they are also the world's largest radio station for everybody if you want to look at it that way. Yeah, I'm just wondering who they paid massive amount of money to. Oh, they spent a billion dollars on marketing money. Harry and Megan. They spent a billion dollars on marketing money and got a few names, you know, and that's Meghan and Harry.

Starting point is 01:38:09 They got a cardation. They got Obama and Bruce and they got Rogan. And that was the marketing dollars they spend when they raise a billion. They need to do that to keep Joe. There's plenty other places that we'll have to have Joe. There's plenty of places that we'll have to have Joe. All those podcasts, Rogan's the only one still standing all those guys

Starting point is 01:38:26 basically they're out yeah the albama's a stuff oh yeah for sure nobody who the hell is a record label they have a lot of pop profitable podcasts that are at the mid-tier they're very profitable obama's trying to get one of his former employees to keep his job that's what he's working on right now no no no he's trying to his former one of his former vp's what he's working on right now. Who the cook? No, no, no, he's trying to, his former, one of his former VPs.

Starting point is 01:38:46 He's trying to help him to, oh, Joe Biden, the sleeping, sleeping, creepy, Joe. All right, so let's go to the next story here. Next story is millennials feel abandoned. Really? By parents not available to help raise grandkids. They're too busy, okay? It's a little offensive, if you think about it. She is.

Starting point is 01:39:02 All right, here we go. Some of my little parents are being present. Healing abandoned by their baby boomer parents who prioritize retirement travel over helping raise their children, grandchildren leading to schedule and challenges and resentment. Psychologists Leslie Dopson notes that many millennials develop a resentment towards their parents viewing them as put in, by the way, you can tell she's putting that thought into the kids. What do we mean, many? So it should be like this. Psychologists, Lezzi Dops, an AK divider notes that,

Starting point is 01:39:32 as a home record, many millennials develop resentment towards their parents, viewing them as putting their own interests ahead of building relationships with their grandchildren during their retirement. I'm sure this is a nice lady, but millennials desire regular stable, constant support for raising their children as child care expense rise and workplace demands intensify.

Starting point is 01:39:52 This desire for emotional child care support highlights and inter-generational divide parenting approaches with millennials often turning to the internet for advice instead of their parents. Adam, you seem to have an opinion on this one here. Well, as the oldest millennial on the planet, all right, 1980, I see what my friends are all dealing with right now, and they're juggling kids, you know, me and Vinnie are some of the last men standing, but we're accepting, accepting applications. But the, it's no joke, juggling all these kids.

Starting point is 01:40:25 I just, I met, remember I told you the Jamie Diamond story yesterday, I met with a guy who's super paid up, has three kids. He's like, I'm like, how tough is he goes, I'm good. It's still even tough. It's not easy raising kids. I'm seeing this. And that's why I'm trying to basically, a, save up as much money as possible before I start a family and be a kind of got to find a wife too. But that's the work.

Starting point is 01:40:45 Just think about that. But they're both good. But the reality is, raising kids is not easy. And I totally understand what these millennials are coming from. But I will say, expecting the grandparents to raise your kids for you, how many of you guys were raised by your grandparents? No, your parents do the job of raising the kid. So you know, this kind of similar theme of entitled millennials and Gen Z,

Starting point is 01:41:08 they're soft. You just said the word, what did you say? It's title, right? Okay, here we go. Let's go upstream and see who created this problem. What did the parents do? They enabled them. They gave them everything.

Starting point is 01:41:19 They spoiled them. They shielded. They did all that. And now they grow up and they just want more of it. The parents did this, the parents did this and created these attitudes in the kids. The kids weren't born with these attitudes. They did that to them. They spoiled them rotten. They gave them everything. They sent them to school that made it worse. And now they're coming home. How dare you have a life? You used to give me everything and do everything. And now

Starting point is 01:41:41 I'm trying to work on it. Maybe sit in my kids. I got a real question for you. I once asked a guy was speaking, he says, how do you judge a great parent? He says, by the grandkids, he raises. Grandkids, okay, not kids, grandkids. Because that shows you raise good kids, that raised good kids, that's duplication, right? So that's how you judge whether you were a great parent

Starting point is 01:42:03 or not. So Tom, how much of this is on the parents? How much of this is on the grand parents? Do you understand what I'm asking? Like, for example, Bailey, you know, she's going to have a family. She's going to have kids. Is she going to be like, hey, dad, can you babysit the kids? Hey, Ma, can you babysit the kids?

Starting point is 01:42:21 What are you going to say? Is that you're doing or is that Babs doing that? Did Babs raise you well or did Babs get raised well? Or is it the fact that you're raising Bailey well? I think Babs raised me pretty darn well. And I think I'm raising Bailey well. And what Bailey, if Bailey asks us to babysitter do things like this, it's gonna be there.

Starting point is 01:42:40 But what these folks are talking about. You're gonna be expensive. You're gonna be like 300 bucks an hour. Exactly, I charge. So she has a quadriple. You can get, you can get a, you can get a value like that on Manec. By the way, if you want that, that's exactly right. Well, my baby sitting will be done by Manec. Bailey will call me a Manec and I'll say that. And I'll be there, man. That's the way this is, I respect that. That's the way this is going to work. Manec, maybe sitting. No, but there's something here. I know that Bailey isn't gonna come back

Starting point is 01:43:06 entitled and spoiling. It has a grandparent I will want to spend time. I will want to pour into the next generation. But there is a difference between wanting to pour in and respectful kids that are trying to get time with grandparents and normal family love time togetherness and mentoring. Put that over here and spoiled fricking rotten kids

Starting point is 01:43:27 that expect their boomer parents to give them everything because the parents did give them everything and didn't set guardrails and didn't raise them well. And by the way, they're a menace to the rest of society. This story seems to really upset you. I love this. Sorry, I brought the story up. It's just a list of stories that we had.

Starting point is 01:43:44 Yep. Anytime Tom references menace to society or even boys to hood or calls the bronze soft, you know, Tom's on holiday. Tom's on holiday. Or he has a minute, that 11 o'clock, he's trying to get to it. Okay, next. All right, so the Santas, the Santas predict Iowa win as political operation, backing campaign fractures.

Starting point is 01:44:03 Oh, God, not a good word. To all streets. It's a Wall Street Journal story. Let's go through this here. He just hit all, he just hit all counties. Ron DeSantis expressed confidence in his chance at Iococcus stating we're going to win Iowa. I've it's going to help propel us to the nomination, but I think

Starting point is 01:44:19 we'll have a lot of work that we'll have to do beyond that. I don't think you take anything for granted. DeSantis faces internal turmoil within the pack supporting him as key personnel have resigned or been fired adding to a picture of this ray. He has been also a scene of decline in Iowa polls with a late October polls shown him and Nikki Haley tied at 16% while Trump said 43 Donald Trump campaigning campaigns and Iowa criticized in DeSantis and Iowa governor Kim Reynolds for their opposition stating he seems to be dropping

Starting point is 01:44:49 like a very, very sick bird into the ground. I love him. Let me go ahead. So, I just, I just like Pat, and I think we touched on this before this and Tom, maybe you could help me understand it. Okay, he's winning Iowa, but at the end of the day, Donald Trump is winning by how many points, 40 points, 50 points.

Starting point is 01:45:09 It's like all these people, Christie just did, Christie announced that he's dropping out too. The rumors are that his camp is probably not going to, there's two, there's two things. There's a solid rumor backed up by facts that Christie probably is not going to be on the stage at the next debate in Tuscaloosa, Alabama Because he's not qualifying for it. And then there's another rumor back there that says this fundraising is dry and that People in the campaign are saying Chris we've gone as far as we can on this one. We had Rob Richard yesterday for a comment They said he was doing cardio, but that's a shut pat now that is crazy news. You're not gonna

Starting point is 01:45:48 Hang on, but let's go to the polls. Yeah, can you play do you have polls or no time look Nikki Haley and the Santa's are sitting there at 16 each, but they are both in a rig. Here's what's happening with Nikki Haley around the Santa's. They're both about to win the NIT tournament. We're 65th, you know, that's kind of where where they're going to be. Can you do you have Iowa polls? If you don't play that clip-rop, and then if you want to go to the polls, I'll hit we go, watch this clip, go for it.

Starting point is 01:46:12 He looks short in the shoulders. Go. Well, let's talk about the stakes on caucus night. If you don't come in at least second, would you then drop out of the race? How critical is Iowa? Well, we're gonna win the caucus. We're doing everything that we need to do it.

Starting point is 01:46:32 But what if you don't, Governor, what if you don't? And I said from the beginning, we are, we are, we're gonna win the, we're gonna win the caucus. Bottom line is Iowa do or die for you, Governor. We're gonna win Iowa. I think it's governor. We're going to win Iowa. I think it's going to help propel us to the nomination, but I think we'll have a lot of work that we'll have to do beyond that.

Starting point is 01:46:51 I don't think you take anything for granted. And I do recognize that there have been people that have wanted who've knocked on on the winning nomination. I think this year's a little bit different. I think the field is narrowed quicker. I think it's going to narrow even more. And ultimately, Republican voters are going to have the choice of Donald Trump, which I think would make the election a referendum on him and a lot of the issues that he's dealing with, or me, and that will

Starting point is 01:47:16 be a referendum on Biden's failures, on all the issues in the country that are affecting people, and I'll be able to stand for a positive vision going forward. And lots of work there. So, you know, you know, like for me, I watch interest declining, okay. I watch interest declining. I watch one of our guys and our company. He's on stage giving a message. And I'll watch his team's reaction and I'll notice team's not reacting. And I'll say why I'm interesting.

Starting point is 01:47:46 Other people are reacting, but his own agency's not reacting. I'll watch another person get on stage and they'll speak, and I'll say, well, look at this. Everybody's reacting, including his people. I'll go to an office, and I'll see the level of coachability and hunger and desire and synergy of everybody working together. You'll feel it from the moment you walk in.

Starting point is 01:48:05 I'll sit with somebody who's a direct report to another person and I'll look at that person, like this guy doesn't like reporting to this person. I'll look at a person and I'll say, well, that person working with this person, you can tell this person loves working with that person, right? There's a lot of that taking place. When I was talking to Kyle, a milk boys,

Starting point is 01:48:24 one of the questions we asked about is different candidates. And here's what I said to him. I said, the great thing about content is you can tell data tells everything, right? If you want to find out what YouTube channels are dying or what YouTube channels are doing, well, this thing's very hard. Creating content is very hard. Staying relevant and interesting, very hard. Creating content that gets eyeballs consistently, very hard.

Starting point is 01:48:46 You know how many people you're competing with? Tens of millions of people who are changing and if you don't recreate yourself, you cannot stay constantly winning and getting eyeballs. That is why this is a very, very hard game. So watch this. If we were to take Vivek's last 50 interviews and podcasts is done, okay?

Starting point is 01:49:07 Let's take the RFK's last, matter of fact, let's make the number easier. 20. Take RFK's last 20. Take Vivek's last 20. Take Trump's last 20. Take Haley's last 20. Take Biden's last 20.

Starting point is 01:49:19 Take Nusom's last 20. Let's actually look at that together, okay? So what are the names we said so far? I said Haley, okay. The VEK, the Santis, Vivek. Trump, Trump, RFK, and Biden.

Starting point is 01:49:32 Okay, Biden, and then Newsom is what I said. Yeah, I had. Okay, which of these do you think gets the most views, no matter who interviews that? Okay, number one is him. Who's two? It's very interesting what you're gonna say. Haley, the Santis, Vivek, RFK, Biden, Newsom. Okay, number one is him. Who's two? It's very interesting what you're gonna say. Haley DeSantis Vivek, RFK Biden, Newsom.

Starting point is 01:49:48 Guess who number two is? Vivek. Okay, let's put Vivek two. Who do you think three is? Would it still be Biden? No, because Biden doesn't get eyeball. I think it's RFK. I think it's RFK.

Starting point is 01:49:59 But you know what, when I'm putting RFK, who do you think four is? Newsom. Newsom is four. Who do you think five is? So far, weom is for. Who do you think five is? So far we have the Santas, Nicky Hayley, Biden. I think Nicky's getting more, I don't know, I've been seeing more of him. I've been seeing more dissenters than Nicky Hayley's.

Starting point is 01:50:16 I've been seeing more dissenters than Nicky Hayley's biggest last. Who do you have? Tom, who do you have, did you put your order? Yeah, I've got Hayley ahead of the Santas. Okay. Got him at the bottom, right where we are. I got him at the bottom. So anyone below the Sanctus?

Starting point is 01:50:29 No, Biden still gets more eyeballs because he's a president. Anytime he talks about it, I really have RFK and Newsom kind of three and three. So check this out. Here's a question for you. So Jordan Peterson, how big is Jordan Peterson? Big name. How many subscribers does he have? Five million.

Starting point is 01:50:44 Seven million plus subs, okay? The st. was on his podcast yesterday, okay? How many views do you think this podcast got in 24 hours? By the way, let me say it one more time. Seven million subs, and by the way, don't go there because I don't want them to see it yet. Seven million subs, this isn't like you go on Fox News or CNN that's got 15 million subs

Starting point is 01:51:05 But they do 50 clips a day and one of them doesn't do well. No, this is not it Jordan Peterson doesn't post 20 times a day Yeah, he post once or four times a week or something like that And this is the governor of the state of Florida, right? Seven seven point two million subs. How many of you do you think it's got? $400,000 great question. By the way, that's a small number because on 7 million. Okay, 400,000 is Vinnie. What do you think it is? Tom, go first. This is 24 hours you said, I know, yeah, I'm gonna go a little higher now like half a million. Okay. What do you think it is? You said 400. So, although the way you're asking, let me tell you something. This is 24 hours. 24. It's going to be very clear here. to get a million in 24 hours is a rockstar

Starting point is 01:51:47 interview. I'm going to I'm going 200,000 200,000 go to Jordan Peterson's channel Peterson on okay, okay, pause it right there. 7.5 17 hours ago 86,000 views. That's how that's nothing. How? No one is in. By the way, I said 7 million. It's 7.5 million. So now go to Jordan Peterson's channel. Go to his channel. Click on the name and go to V videos and grab some credit. And zoom in a little bit.

Starting point is 01:52:12 No, no, no, no, don't be that. Go to the latest and zoom in a little bit. Zoom in a little bit so we can see the view. So look at that. Four days. 86,000 right before that. 2.1 million. The freaking comedian.

Starting point is 01:52:21 Yeah. 2.1, okay, then 138,000. Then it goes to 286,000. You don't know those two names, by the way. I don't really know that. But out of parent, then that guy told 100,000, 85,000, and ran versus whatever, subsidarity. Then you got another person, 81,000, 162,000.

Starting point is 01:52:38 What's the next one there? 116,581, 176, 222. You're the governor, you're the best governor in the last, you crushed it. You're running for the president of the United States. You're not even that, you're resumes awesome. You crushed it. You absolutely crushed it.

Starting point is 01:52:54 Okay, I'll do sometimes I'll do podcasts like, right? And I'll ask somebody a question, and I'll see the answer they give. And I'll tell myself, yeah, this is gonna be a boring podcast because this guy's gonna give just, I just recently had one. I'm like, okay, this guy's going to just give the vanilla answers because he's afraid and he's scared to talk. So because of that, you want to be vanilla. Freaking talk. What do you think about this?

Starting point is 01:53:15 What do you think about that? Give us something, right? Talk to us. Well, that's because I know what you're trying to do. It's not about, I know what you're trying to do. There's a part of it also of getting damn eyeballs, okay? RFK gets eyeballs, okay. We're about to have his town hall. When is it tomorrow? Tomorrow should have been tomorrow. I'm not going to come on.

Starting point is 01:53:34 Tomorrow afternoon, tomorrow at two o'clock, we're doing the RFK town hall. Sold out by the way. Sold out, the VIPs went like this. 250's gone. I think we got a couple hundred dollar general tickets that were have left for people that if they want to. Is that what it is?

Starting point is 01:53:50 Yeah. Everything else is sold out. But people want to know what RFK has to say. People want to know what Vivek has to say. Why are people not interested in what the Santas has to say? That is a part where there is, by the way, I watch the whole debate with him and Newsom. Guess what? Newsom will be. No, I watch the whole debate and I put my verdict on social. It's not even close how much of a better president the Santas would be than

Starting point is 01:54:16 Newsom. A miracle would be a 50 times better place than Newsom would be as a president. And it's not even close, but guess what? Personality. If there was no radio and TV and social, the Santas is the president like this and a heartbeat. There's not even a debate. Yep. But there's this thing called TV and social media today.

Starting point is 01:54:36 You have to sell the audience. I watch a debate. The Santas, he's a deflector. What did I write? If you're going to go a little lower, what I said about the Santas, you know, how to spin every issue. He deflector on all issues I write? If you're going to go a little lower, what I said about the Santas, he know how to spin every issue. He deflected on all issues.

Starting point is 01:54:46 He stayed loyal to Biden and Kamala. He not once criticized Joe Biden, which shows loyalty to his candidate, dodged questions redirected. He bullied the Santas. He trolled. He stayed cool. He sold fear.

Starting point is 01:54:58 He pinned the Santas against Trump. Meanwhile, the Santas, that a great job selling his argument, database, telling stories, experiences, San Francisco, stood his ground. Right off the bat, he categorized Newsom as someone who's spent every argument, great job coming right off the bat, he did the M&M thing. I can't think of a single argument. He lost logically.

Starting point is 01:55:15 I respect the fat, he risked being on stage with Newsom. So on talent, Newsom won. But on policies, the Santas, on being trustworthy, the Santas, on more united with this party, Newsom, who has a better track record of being a president? Of course, the Santis. But look, man, you almost have to go on everything you gotta talk to your guys. What's a new angle?

Starting point is 01:55:34 What's a new store? What's a new thing I can get? What's the new enemy? What's your, what's the, what's the, what's the, what's the enemy? Because the angle you're taking with the enemies, you're selling is not resonating. And by the way, Governor DeSantis enemies, you're selling is not resonating.

Starting point is 01:55:46 And by the way, governor DeSantis, you didn't want to read this book, choose your enemies. Rob, can you make a note? We'll send one to copies here to the mansion. We were there a few months ago. We'll send it over to him. I would love for him to, man, like sometimes I just sit there and think to myself, if someone,

Starting point is 01:56:03 when it's coming, like like do some choosing the right enemies to get under people's skin. Trump is understanding that part. And by the way, even Haley's understanding, even RFK's understanding, he chose the right enemy as selling it, Fauci, all this stuff. Vivek is choosing that part. I'm not.

Starting point is 01:56:23 And you called it, and you called it early as hell when you were talking about his team and the marketing thing. The marketing thing. In April, and then at the end of the day, Pat, you can't create, you can't learn it. If you don't, if you don't have it, and you can't recreate that,

Starting point is 01:56:42 you can't build that, you can't learn, you can't have somebody sit there and be like, hey, you're't recreate that. You can't build that. You can't learn. You can't have somebody sit there and be like, Hey, you're gonna get it. Just be clear. Just to be clear, if and when he doesn't win Iowa, his campaign is finished. He's finnied already, Adam. Let's look at that.

Starting point is 01:56:57 So here we go, guys. First of all, today's what? Today's December 5th. 5th. Choose your enemies wisely coming out today. I got a report from my publisher, the Penguin folks. They said we are very close this week, depending on how this first week goes, to be in a New York Times bestseller and to be in a who knows.

Starting point is 01:57:17 I mean, I mean, I'm mainly to be politically on a different place to be in New York. They've prepped me already. Be ready for this. But it depends on what happens. A lot of the stuff on strategy, business, choosing the right enemies wisely is in this book. If you haven't ordered it yet and you support our podcast,

Starting point is 01:57:34 one of the ways to support is for you to go in order to book and do the audio book and you can start listen to the audio book right now and get the physical book as well. Because a lot of the charts when you're doing a strategy book, you gotta see what's in the book. Some of the stuff are charts, some of the stuff are stuff you got to write in it. But comes out today for those who are supporting us. Thank you for many of you that supported by buying the book Rob. I think we got five of the winners on getting a signed copy

Starting point is 01:57:57 that'll be sent over to the five names. I have them here. If you want to tell us Rob, you give us the names. Sure. Ali Keys, Lert Krasnicki, Caroline Morton, Greg Palmer, and Edda Knellson. Yes, that was nice. Listen, Ali Keys didn't have to write her name the wrong way. She just had to put another IC. Alicia Keys, I appreciate you for ordering the book. I am all about women's worth and I have fallen in love with Jim. Okay, all right gang, do your thing and we will see you again.

Starting point is 01:58:30 Are we doing another one Rob or actually we got our people? All right, take care everybody. Bye bye bye.

PBD Podcast - Bill Maher on WEF, Donald Trump vs Robert DeNiro, Derek Chauvin Stabbing | PBD Podcast | Ep. 336

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