PBD Podcast - Danielle DiMartino-Booth | PBD Podcast | EP 59

Episode Date: May 6, 2021

Patrick Bet-David sits down with guests Tom Ellsworth, Danielle DiMartino-Booth and Adam Sosnick. In this episode they talk about Bill and Melinda Gates' separation, Jamie Dimon, Biden's tax proposal, and much more.  Watch the full episode on the PBD Podcast YouTube channel: https://youtu.be/dDzAAmqDDbw --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Episode 59 by the way you missed it about 30 seconds ago Adam was given us 10 tips on how to date coolers And you fully missed that part, but who knows maybe he'll give us a couple tips This is Florida made podcast today. I think it's the first time we have a time Yeah, and Danielle on the show at the same time. So Daniel good to have you in town. We have you in town It's a big deal. Yes. What's tomorrow? By the way, tell us what's tomorrow's Friday jobs Friday That's Danielle's like super balls Not far pay well Friday everybody has to be 30 am eastern standard time everybody has to be quiet Everyone in your house knows do not talk to Daniel and jobs Friday

So ready to be lied to by the federal government here come the numbers so from last time you were on till today What are the jobs looking like? Scars Damn, I mean no look there are What are the jobs looking like? Scars. Damn. I mean, no. Look, there are, so you want to get on this right away? Yeah, go for it. Give it to us.

Let's get into it. No matter whether it's across the Midwest, whether it's here in Florida, just driving around, whether it's Texas, you can't drive a block without seeing a help one at sign. That's right. There is a massive, under supply of labor. In Texas right now. Ever-require. Okay. This is a nationwide phenomenon because there are federal unemployment benefits that are being paid to people and it makes no sense to work if you can get paid to sit on your ass for a lot more money. And that's what Americans

are doing right now. This is so not American what we're witnessing. So you're saying that but the numbers show unemployment, you know, doing great economies growing. No, no, no, there are a lot of people who are taking jobs but that does not take away from look at what happened to small businesses during the coronavirus. You got your big box retailers, Walmart was allowed to stay open, home depot, lows, and all the small businesses had to close. And now bigger companies, Amazon, they can pay a little bit more per hour to bring these people off the sidelines. Small businesses can't do that.

They don't have the funds, and they can't compete with these large players. So you screwed small businesses during the coronavirus. You're screwing them now with federal policy because they they cannot afford to compete for labor that wants to sit on its ass i've seen things like McDonald's is paying 50 bucks just to come get fifty bucks just to get an interview are you kidding no you get i went i got fifty bucks i got a happy meal but you make a hell of a drive-through cashier

i think you kill it i will uh... you wouldn't hit their 59 second time, but you would be like a four-minute drive-through. It could take a while. Yeah. Productivity would crash. It would make Donald's. No question.

But because you were a sapeo-sexual, people would want to hear from you. Oh, I got to explain what that is. Ding, ding, ding, ding, ding, ding. Where to the day? Where to the day? What is a sapeo-sexual? Tell us. That is when you're attracted to somebody's brain, regardless of how they're outward appearances is this is how you pull all the

checks clearly this is this is the way I got to a teacher by the way make a note we got to get a shirt in I'm a savior sexual we got we got to get something attracted to someone's brain you're attracted to someone so they know thank good you be having beauty and brains has never been a problem of yours, but, and bullets. From a female's perspective, how important is it looks versus money, wealth, brain for a man?

Because I can tell you, for a woman looking at a man, I can tell you what a lot of men in South Beach are looking for, and it's not exactly, you know. So, I mean, you would have to, like, there's a T-Score. You would have to put it on a matrix of sorts. You would have to run like a scenario analysis. It depends on what your objective is.

Yes. Fairly. I mean, if you actually want to spend time with somebody, then having no brain doesn't work for more than, oh, I don't know, 10 minutes. Okay. Maybe less. Maybe less. Well, can I tell you what I't know, 10 minutes. Okay. Maybe less. Maybe less.

Can I tell you what I asked? It all depends. It's very, that's right. It all depends the keyword. It's variable. I'll tell you what I asked a lot of women in our, in South Beach. I asked him this question.

It's sort of like the running joke that I asked women. I brought this up in the podcast before. I say, ladies, question for you. Would you rather date, like a serious date and or marry a guy who's like the hottest guy in the room, you know, Matthew McConaughey, George Clooney type, Leonardo DiCaprio, that guy, you know. But you say those names, those are smart guys. Okay.

But you gotta say somebody who just got a look. I'm just saying very good looking guy. Very good looking guy. Or broke a shit, lives with his parents at home and lives in the basement. Or, okay, that doesn't do it for you. Or wealthy, super, successful, intellectual, safe, you're sexual. Complete sloppy dude.

300 pounds, bald, gross. Well, well, well, well, well, well. Not hitting on the bald people, I'm just saying, he's not taking care of himself. Those are your two options, what are we going with? The successful, the three are bound sloppy, but that does not going with? The successful. Okay, the three are down traffic. That does not fit inside the scenario now.

Is this anywhere? That's off the road. You're going with the broke, good looking guy. Yeah, for about 10 minutes. I'm talking about a serious relationship. No. I would love to hear what you need. But what you're doing, you need a third option.

What is the third option? I'm like, who are you with the big tater in the world? I'm like, I'm like, who are you with the dictator in the world to get two options? I'm like, see, no buy. I got a third one for you, or a 40 year old single man, handsome, good looking, can pull off a mustache, a beard, comedian, smart, good with money, saves his money, doesn't drive, you know, it's a little bit too dry.

I'm trying to get out of married again. If we have an option like that. That's the direction. I got. Sounds great. So how do we go from jobs to to your idea of who I'm looking for an employment? Is that what you're looking for? Tom, how'd you get I we met your wife a couple weeks ago. The biz doc babe. The biz doc babe. She doesn't have a name. She just goes about the biz doc babe. That's what I call it. How did you pull that? Because she's smart, attractive, loyal. How did you pull that? It was the classic golden retriever at the beach trick.

What's that? You know where you throw a tennis ball over at the pretty girl sitting there with her friends and your dog goes over there and then you go over, I'm terribly sorry. And then you strike up a conversation. So what happened in real life? I was at church, believe it or not.

And my friend's daughter was talking to this rather attractive lady, very attractive lady. I thought, wow, she's cute. So I walk over to Megan, this is my friend's daughter. I said, Megan, who's your friend? Oh, this is Miss Fambri, she's my teacher. And my first word, stirrer, was hello Miss Fambri. Boom. So you got a referral from an eight year old.

Yeah, who is her teacher? Nice. And under the guise of being concerned that my friend's daughter or teacher, they're my friend's strategy. Yeah, my friend's daughter. They don't work for you, it's just fire. As soon as we get up here, I'm going to go buy you a puppy. Okay, I got two cats and some tennis balls. You didn't know that? No. Two cats is. He's Back to that.

I'm not opposed to a dog. I just, my ex-girlfriend, like cats, we got cats. Non-farm payroll Friday. Let's hear the conclusion to your story. You got the referral. No, we just struck up a conversation and started talking. Under the guise of me being very concerned that Megan is speaking to a stranger. Hold on, I got to do a stranger.

Stranger danger. Yeah, no, I'm struck up a conversation. I went from there. What are you looking for? What are you looking for? We're not turning this to a doctor. We could talk about this for two hours. Yeah, that's right.

We went back at a couple shots of tequila. And get rid of the cats. Be a good puppy. Okay, we need to write a list. You know what I'm most excited about today? Because I know we're going to get to the top. Elon Musk has an old story. Oh, no, no, no, no.

No, no, no, no, no. We're going to talk about that. I'm actually excited that today because I know we're gonna get to the and your interview with Tom just went live 30 minutes ago So it's gonna be on my time in economics go check that out I interview the biz doc a month ago on jobs Friday Danielle and I said down the interview crushed it She crushes it like she does everything. It was the day drinking. It was that we this is I think a theme that I'm doing day drinking Now hopefully if we get to 3,500 viewers today, she's not a tequila person, she said. She's not a tequila. But let me tell you, the country is. So 2020 was a huge year for liquor consumption in America.

We know that people were cooped up at home and drinking a lot, but tequila shot it out of the park. Overall, year over year, sales up 10%, super premium ultra high end, sales up 20% year over. Tequila is hot. Hot, hot, hot, hot hot hot. Is it just the ultra premium or is it tequila overall? Well, it's well a lot of intelligent hot men have decided to attach their name to tequila brands. The rock. Who else? Lebron. Who else? Who is the first? The first

first? The first? The first? George. George. What's his last time? Cloney, right? his last time cloney right cloney cloney something Kuhny what's that what's that new singer that came out of love all? No, you know, you know, truly interesting If there's a rule if you don't know how to say somebody's name Well, that's what happened. Yes Pat's going through the list of like who the top musicians. Okay, we got Drake. I check it We got bad bunny. We got Billy. I can't create you. We got Bad Bunny.

We got Billy Eilish. And who's this Avril Lavois? It's Avril Lavois V. Pat, okay? She had to throw that G. You know what I'm really interested about. That's good. About Lucker? Live from Paris.

No, no, no. That should be recorded, but because I would have got to crack up myself. You know, this really teaches you something that, you know, like from Marking's standpoint, so for people that are listening to value attainment, I actually want to get something out of this today, you know, then let us get back to jobs in the economy. You know, liquor has become like fashion brands, and craft beer has been like fashion brands. If you go back from 2000 to like 2010, that was like the heyday, here comes the vodka. Remember, all these vodka brands come out there like this,

Tito's in Texas, which is now nationwide, people don't know, that's a great entrepreneur success story, but they're like fashion brands wrapped around it. There's a mystique, there's something. Now it also has to be very, very good. You know what I'm saying? Your liquor's got to be good. And now, right now, we're in like the golden age of tequila and the start of George Clooney and everything. I think this is very, very interesting. Right now, the 2020s are tequila of tequila. And it started with George Clooney and everything. I think this is very, very interesting. Right now the 2020s are tequila and tequila drinks. Are you a tequila person yourself or no? I am not really a hard liquor person, as you know.

I'm a craft beer person. You've known me. That's right. And so I don't have martinis, but I'll have one once in a while, like the bizzabee, and I go to Ruth Chris or something. I'll have a mart in a while, like the Biz Up 8, and I go to Ruth Chris or something, I'll have a Martini because it just seems like white tablecloth, like nice dinner

and everything like that. But not 10, but I'll have one. But I'm really leaning back on, I've seen all these super premiums come out and they're really, really good. Do we know why they're doing, are they doing great the last 12 months because celebrities came out with it

and people are clinging to their names? Are they doing good because during the pandemic, people just decided to start drinking to kill again? No, I think Casamigos kind of changed the tequila dynamic. I mean, for a while, it was like your high end was patron. And once you cross that barrier to Casamigos, all of a sudden it was like, oh, wait. Exactly.

And some people like stop and say, wait, that's the cool thing. Adam, are you drinking that coffee? And nobody, intentionally, or no, sorry, I apologize. Nobody talks about Patron these days. Have you noticed? Patron was like a wrap up. What do they do? But it's not at the level of what's happened.

And I agree. Yes. It's become the mixer, right? Right. It's what you do. Patron, right here, his beautiful house. Run right Hillsboro area. Island Beach. Yeah, beautiful area. Danielle, you're a shard and egg out, my own.

I am. I keep Napa in business. Oh, I do. Really? I was married in Rutherford. Wow. So I'm into Carnaros specifically. Our second girl was conceived on a Napa trip. That's my, my e- nap a trip. We didn't.

That's my. Any more information than we can. That's great. That's why I'm telling you. I tell you why. After hanging on to that. No, no, no, that was like Tom. He needs pointers in the procreation.

Your wife is probably watching right now saying, maybe you started good, but now it's a bit worse. Now this was after she, in the Uber ride. After she destroyed the agreed upon budget for the trip in a single one hour stop at Cake Bread. So it was all the, Tom, the sentence that she destroyed, I was thinking you're going on a different direction.

No, no, no, but it was amazing.'s state property to the state state state state state state But cake bread and exception last question before we move on. It's a budgetary exception You know what he just reminded me of you ever seen a movie four Christmas's where you know four Christmas with who's it? Vince Vaughn and Is it Reese withers? Reese withers and then they goes to his dad's house and says that's Denver That's Dallas. He says, our parents named us after the city, they conceived us and you, so you just kind of made me think about that.

But there's no correlation there because there is no such thing as a city called Bailey or there is Brookie though. But it wasn't Brookie. Bailey's my brother. Maybe you were drinking Bailey. Yeah. Anyway, I'm lining up with the Shardin A thing because I'm married. I'm married to a shardin'

aficionate. You're not a tequila guy. I do a cocktail. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy.

I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy.

I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. I was a tequila guy. And eventually I can I can even stand a smell of the killer couldn't even stand a smell of the killer now you'll drink what? Old-fashioned is what I'll do maybe one maybe one is what I'll do yeah I still like blue moon. I still like blue moon a lot time And I would have a lot of blue moon together, but yeah, I'd probably do old-fashioned today and that's pretty much it Jose Cuervo nobody talks about Jose these days unless if you're in a military they still talk about okay

Jose is not going away just so you know that. Jose is not going to be going away some soon. Well drink. But anyways, speaking, it is like a wild drink, even the 1800s. Yeah. That was the old super patrol. Let's stay on the West Coast, okay, because what's in the water in Seattle already? I mean, Uber billionaires getting divorced? I mean, that. What do you think about that? What do you think? Because you know, I've been sitting apart of it as Bezos, you know, Bezos gets go on the McKinsey, but what do you think about this one? So, Bezos, I understood, right?

Because when they split up, he was, Bezos was always known until he kind of changed his ways as being the least charitable multi-billionaire on the planet that he just wasn't philanthropic at all. And so when they, when he and his wife split up, she immediately starts to give billions and billions of dollars away. She marries a teacher, she's humble pie. You understand where the tension in that marriage is. That makes sense.

Yeah. I don't get this. I don't get, I don't, I don't, I don't, I don't, I don't, I don't, I don't, I don't, I'm talking about Bill Gates. They are a, and they're going to continue, Melinda and Bill Gates are going to continue to run the foundation together. Have you heard all the different speculations and stories on why it is?

Like have you heard? Well, he had a girlfriend that he's been going and even the girlfriend he has approval to marry Melinda and this girlfriend, him, have a place that they go see every year that's a secret hiding spot on New York Post story and then there's other stories coming. Why isn't that what happened? So what's in the water in Seattle?

Didn't Bezos have somebody on the side? Bezos was with that girl that Tom Zenner knew what's a Latina girl. Yeah, she's a you would recognize the she was married to the Miranda Sanchez. She was married to the president. I think her last name is San chez. Well, because because it was Melinda who filed for divorce, not Bill Lauren Sanchez. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that.

I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to say that. I'm not going to the jobs. I think we never finished the jobs because you were concerned about the definition of

you know, sapiosexual, but tell us about what's going on with the job market. So the job market right now is hot. We have an under supply issue in America that is being largely driven by China. China's got, they're sitting on tons and tons of steel. They're the world's largest steel producer by a magnitude of 10.

It started with the Trump tweet that started the trade war that really pissed him off, and then comes the coronavirus. So what started with the supply chain disruption has become a disaster for American manufacturers. They cannot source enough supply. So they're going to hire cost US manufacturers to get these supplies, and they're trying to ramp up production. And they can't.

You see Ford has shut down production lines. Chrysler has shut down production lines because they can't get the semiconductors. And who's flying jets towards Taiwan? And who controls the world's semiconductor supply China and Taiwan Taiwan semi so it's Taiwan is huge it's really so yes there are a there's a lot of demand right now in the United States for jobs there's also 8 million people that we know have not had their jobs come back.

But there's also this massive skills mismatch. Because if you're a Joe Q who used to work at, at, at, Namer retailer, JC Penny, Macy's that's been closed, you've got a certain skill set. You're not going to pick up and go work in a factory. It's just not going to happen. And you're getting paid a lot to sit at home between 17 and 20 bucks an hour. How sustainable is this? How long can we go like this? As a capitalist country or a socialist country. If we're in socialism, we can go on like this forever. We can

just pay people to not work. Just keep printing. Just keep printing the money. Is that sustainable, though, to keep printing money and pay people not to work? China hopes it is. China thinks it is old. China hopes. Hope it is in America. Yeah, they wanna see us bury ourselves by the way with socialist policies. I mean the irony, it's inescapable,

but right now it looks like we're gonna see 998,000 jobs created in this country. Huge, huge, huge numbers. What kind of jobs are these? Are these good jobs, good paying jobs, skill sets needed, four-year degree jobs, or the entry level? Right now, job openings for people

with the least amount of education are up 60%. Okay, opening, job opening. Job opening. Job openings for people with a college degree. They're up maybe four or five percent. So get out of here. Oh yeah. Okay.

Most of those people didn't lose their jobs. Remember. They're doing fine. They're okay. They've kept their jobs. They worked from home. And now the people who do have requisite skill sets are like at Google are saying, I'm not coming back in the office.

If you force me to come back into the office, there's so many jobs out there, I'll quit. Well, Danielle, a question for you. By the way, just an FY, what she just said, right, there's very accurate in interviews, people are saying that right now. Well, we're interviewing people. You know what I'm talking about.

We'll sit there, we're interviewing people, engineers, they'll say, look, I got five offers right now. I can work from home three days and two out of office or you guys willing to match that. And they're very confident about asking that question. They're not like sitting there, hey, will you please do this? Now they're like, look, here's what I'm expecting three days home two days at the office. This is a question. Hands on the job in the sector. I mean, some of the jobs you have no choice but to want to do it because that's becoming the norm in that industry. some of the jobs you got to be at the office. There are some

jobs that are coders and engineers. You know what? We'll work something out to make that happen but not every job. Well, this is my question. Jamie Diamond just drew the line. Jamie Storrie. I saw Jamie Storrie. I said I'm getting rid. He said I'm canceling every single Zoom meeting. I got let me read that story. I'm going to read the Jamie Diamond store because you just gave me a couple different things that you went into. One is, yes, they had an hour conversation with Noam Chomsky by the way. One hour conversation with Noam Chomsky. Interesting. Very, very. Very interesting. Yeah, world renowned, 150, 150 books he's written, 60 years, professor at MIT, and we went through

capitalism. I asked him, do you love America? He says, what does that even mean? Do I love America? I love my kids. I love my wife, but I don him, do you love America? He says, what does that even mean? Do I love America? I love my kids. I love my wife. But I don't think one can love America. I said, are you grateful for what America did for you and what you were able to do? So what do you look at when you look at some stuff? He says, my philosophy in life is to look at how things are wrong.

I look at things that are wrong. Not right. That's it. So he says, I'm not the guy that likes to go to parades. That's it. So you prefer protesting over parades. So we went back and forth with that. It got pretty heated and and and I.

How do you not love your country? Oh, you don't need to ask me that question. I don't even begin to understand that. Well, you have to see the interview to see how I went because at the end of it, when I asked them about an interview with him in Thomas Soul, I said, look, a lot of your followers will love to see you in Thomas Soul and it's been said that that's been avoided.

He says, well, I don't really like his writing. I read some of this stuff. I'm like, you don't like Thomas. So he say, I said, why don't you do it for the people? Why don't you guys do the debate? He says, well, you already know how busy I am. I said, I don't know how busy you are. I said, everybody's busy at this point.

Why don't we do it? Nobody's too busy to talk to us. And I told them, I said, if you do it, I will buy 1,000 copies of any of your books and we'll send it to our listeners. 25,000 dollars. What are you able to do? Any of your books, I'll buy 1,000 copies of it. Well, you saw'll send it to our listeners. 25,000 dollars, what are you able to do? Any of your books, I'll buy a thousand copies of it.

Well, you saw how hard it was for us to get you. I said, we just asked you a couple months ago. So no, you've been trying for years. I said, I don't know if we've tried for years. So anyways, long story short, it's a very interesting interview coming up, but he was talking about the concepts of socialism and you know, the businesses,

these people that are tyrannical leaders like the gates and all these other guys is to people that build the companies. Anyways, here's where I'm going with it where Tom's famous line yesterday, Pat, is this I got to hear three stories before your point. So I've been following Forbes ever since a Chinese, China investment company, Bot Forbes. They own 95% of Forbes, a Hong Kong-based Investment Company bought Forbes. Forbes has historically been a what?

A pro-capals and pro-freedom pro-America magazine. I don't know if you've been following their post a like six years. That's how those cool was there. There is a lot of capital. I don't know. A street to fortune magazine, but I will go Forbes. We subscribe to Forbes.

We don't subscribe to Fortune, right? Steve Forbes. Yeah, that's right. Now don't subscribe to Fortune, right? Steve Forbes. Yeah, that's right. Sorry. Now when you look at it, now when you look at it, yesterday Tom made such an interesting comment. He says, I said, why the hell is Forbes supporting some of these comments that, hey, socialistic ideas

and identifying and building up certain characters, they would have never built up six years ago, seven years ago, right? Then you look at a ninety five percent they own five percent they own he says china would like americans to believe socialism is good while they go in a complete different direction they don't care whether it's good or not they just care that it divides america i don't know if there's truth behind it or not all i'm saying it's a fact i think it's more fundamental

they are u.s politicians are playing the short game china's playing a lot of hundred percent and i was like we're going to use capitalism yes yes in a communist regime we're going to employ capitalism to overtake the united states and we're going to encourage socialism in united states so that we can weaken it what a strategy right there. I mean, it's really, I agree with you. I'm by the way, this is an incredible trick. Hey, Taiwan is not a 70, 70 year grudge match on the make good that they think it's their territory.

You know what? Taiwan is semi-conductors. It's an enhanced market share play on semi-conductors. Because if they assimilate that, they get more market share on semi, they get more market share on textile manufacturing. There is a ton of stuff that you look there. They want to assimilate this. Yeah, it's political, and yeah, they got the planes flying overhead and there's kind

of militaristic and stuff. But really what this is, this is market share of western manufacturing. It is. And it's so long again. And the Chinese state has been pouring money into domestic semiconductor manufacturers on the mainland. And they fully intend to have between Taiwan and China. They fully intend to control the world's semiconductor supply. While Biden's like, well, we'll consider $50 billion and I'm like, yeah, good luck with that. Yeah, I mean, it's good luck with that. What did it control right now? The production of

any pharmaceutical industry is coming out of China. It's a good, you hear 80%, some say 60%. That's a big number. What else are they controlled? Telecommunications. I mean, it's, well, always, always got a third of the world's telecommunication equipment is one company, Huawei. And they're at the forefront of robotics because they have to be because their one child policy is backfiring. Right. So their population's beginning to shrink. So but they've known this.

They've known this for a long time. They see the data. So they're at the top of robotics. They get to make a little closer audience to seeing they can't hear it. Go. So they're at the top of robots. I think they're like a little closer audience to seeing they can't hear it. So they're at the top of the automation chain because they know they have to replace their own people. So, and that puts them at the front

of artificial intelligence. And think of the control that they can have. Think of the control that they can have over the global economy. Germany has tighter economic ties with China than Germany has with the United States because they export so much to China. And when you think about World War II, I know it's a long time ago, but the world is split along lines and they're always economic lines.

And are you allied with China, who butters your bread, or the United States because they've always been your ally, your friend, traditionally, in a post-World War II regime? So, but again, money talks. And your third story? Ha-ha-ha-ha. Now the world's a war line. I'm limited to two today.

I'm working on myself. I'm getting you back. I believe the world is at war. now. I'm limited to two today. I'm working on myself. I'm getting you back. I believe the world is at war. We just don't see it that way. And right now we have producer supplier wars. And the only difference is we don't have a bunch of poor service with pitchforks being led by the Knights as one king fights another king.

But we are in the middle of producer supplier wars on a global basis. And we just don't understand or see it that way. I'm going to throw a statistic out there that's going to give you an idea of how much America has changed. When the boys went off to fight World War II, they were leaving a country that had been decimated by the Great Depression. They'd seen, they grew up in the Roin Twenties and the average age of a GI in World War Two was their

early twenties. So they enjoy the early, the roaring 1920s, hey day when they were children. And then through their teenage years when they're so impressionable, they're in the great depression. They come back and World War One veterans they gave a train ticket in 50 bucks and there was awful unemployment among World War I veterans, shame on the country, stain on the country. The politicians when they were coming back said,

we're not going to do that to our veterans. We're going to take care of our veterans. They came back, part of the GI bill, we had the biggest college acceptance. We had the best birth rate in the world, the baby boomers. Home ownership went through the housing was massive. But this was all VA and this was this was paying to go to college and this was this was assistance getting in homes. There was a huge aspect of the GI bill

that was for unemployment. Only 20% of those funds were tapped. The boys came back and they refused to take the government's money because they loved their country. They want it to work and they want it to work for it and they want it to get into it. If they were going to get help, they were going to get help getting educated, not sitting on their ass and look at where we are today by comparison. It's crazy. You know, it's crazy she's saying that. Let me tell you, I had a 26,000-dollar GI bill. Never used it. I got a couple thousand dollars I stopped. So we had friends that you just had to take like six courses or two courses, whatever it was,

and they would send you to 1200 bucks every month. Whatever the course was, it was, you know, you could, so guys weren't working, and they were just taking the GI Bill that would come to you. And then there were certain people that are like, nah, I'm good, man, I'm gonna go out there, you know, do something else, but I can see that pride level of, you know, being high then,

but today, man, it's, it's, you know what I said to the guy, here's what I said to Nome yesterday, I'm just, all night I've been thinking about this conversation. It's so, I said, no, let me ask you a question. I said, I read your books, I watch your documentary, he has a new documentary that came out, re-qualum of the American Dream. I mean, not even be pronouncing that word right.

Requiem. Requiem of the American dream, I mean, not even be pronouncing that word right. Right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right, right all of a sudden 21. I start reading books, right? I said, if I give you 100 students that went into your class and you taught them by the time the semesters over with, they're going to hate America. They're going to hate America. You asked them that question. I asked them that question. I said because I said everything you're talking about is like, you know, going and you know what was the scariest part? Here's the scariest part. Sixty years, he's been a professor at MIT. 60, so imagine 60 years of saying his philosophies

and so my brain went to my son, my oldest son wants to be a scientist. So guess what I'm selling them on. MIT, so I'm saying you're gonna go and be taught by, well, as a person, not saying it's everybody, not saying it's everybody. I'm not saying it's everybody is. But by the way, I mean, a, I took nomchonsky to task in my book, FedEx.

B, I at the root of the rot at the Federal Reserve and this idea that we can print all the money is what we call the MIT Mafia. We call it the MIT Mafia because of how economics is taught. How people are brainwashed at that institution that is considered to be one of the, the best economic institutions in the country. The other one, did you mention Thomas Sol? Did you mention Stanford?

Of course. The opposite end of the intellectual spectrum. Completely. We need a lot more of them at the Fed than we need the MIT Mafia. Well, you've seen the painting, I have in my office, the one with Milton Friedman in there. You'd be amazed how many people come and say, why would you put that guy on there?

All he cared about was profits. All he cared about is profits, right? The whole thing with Milton Friedman, the black guy he gets is the fact that all he cared about was profits. But we need more Milton Friedman. If anybody, you don't like Ricky. You've seen Ricky's passion. Of course. Ricky, prior to working with us, never followed capitalism.

He wasn't like a capitalism guy. Ricky was a guy that grew up in a Mexican, what do you want to call it? Mucho Alcon. Carton? I don't want to say, but he's been in the, whatever levels of his family, very powerful family,

he's been around that for a while, right? He openly talks about it himself. You know, it's the first video I told him to watch? I said, but I'm gonna give you a video to watch, but be very careful. He says, what's that? I said, if you watch one, you're gonna go down a rabbit hole,

you're gonna watch a hundred of his videos. Well, Milton Friedman. Milton Friedman filled Donahue when they talked about greed. And he told Phil Donahue, he says, what do you say about all these rich people that are so greedy and all they care about is money? And the Milton Friedman said, you know, it's always the other guy that's greedy.

You're not the one that's greedy. It's always the other guy, right? Always the other guy that's greedy. We forget that we're greedy. You tell him, you're not greedy, Phil. People here are not greedy. Who's the only one that's greedy? The government not greedy?

Natives that greedy? I'm sorry, but you're being literally too naive that whole part when he had the exchange. If a person wants to learn about economics, go down the rabbit hole of Milton Friedman, look what will happen to your brain a month later. Then go listen to the opposing argument and try to put those two together and see what happens. Yeah, I mean, to me, all I thought about is if kids are going to school and that's going to be the influence of,

like if a regular kid was sitting there saying, why would you love America? You're supposed to love your family and why would you love America? Why would you love this? Why would you love them? Oh my gosh. So anyways, I think there is a major shift

on the way kids are thinking and I hope it doesn't go in the direction because yesterday I was in our Armenian podcast, this girl named Sonia was interviewing me, very professional, she's been in a media site in LA for a while You know done some interviews Larry King all that stuff very attractive and very well spoken but specifically on the Armenian side and We were talking about media. She's asking me all these different questions about media and what about Armenians this? What about Armenians that and I said look you have to realize what's going on right now with education?

She says Armenia, you know, do you have any opinions of what happens that Armenia got bought by China? China put 14 billion dollars into Armenia. I said, you realize once you do that, you're owned by China. So China's going around slow. You know yesterday, a couple of people on Chinese, what do you call it, government, went out

and tweeted, you read the story that they went out, their own people, not tweet about India making fun of India. Look at India, they're doing 400,000 cases. The government officials are making fun of India, why India is going because India doesn't want to go in bed with China, so they're taking shots at them. India's telling China we don't want you and look what China is doing. You don't want us? No problem. They have a vaccine shortage. No problem. Look at the way they're controlling the vaccine shortage

Where is it coming from? This is a very interesting game plan these guys have put together for the last 30 40 years and FYI one guy said something to me says this is nothing new. This has been going off for a long time This is Chinese is you forget this is not a 200 year old nation, this is not, this is thousands, they're experts in the war. What do you talk, they can do a clinic on the war. If you study that part of the world, India and Australia and New Zealand are kind of isolated economically,

and China's everywhere else. You think eventually somebody's gonna get elected in India and they're gonna cave in, cave in, you know, do business with China and take money from them? It depends on where we are. I hope that never happens because I think, I think if there's one country that is the one China doesn't want to see the Excel, see Excel,

I think it's India. It's because of the demographics. I think it's in 1.3, 1.1, what is the number? 1.2, is it 1.2? It's the only country that has a larger population in 1.3, 1.1, what is the number? 1.2, is it 1.3? It's the only country that has a larger population in China. Yeah, so of course. That's the fact.

In China and India, that's like half the population in the world right now. If they figure out how to, right, this point, what is India figured out? They got the best engineers. They produce some of the best engineers. They do, but they don't have his infrastructure. They don't have infrastructure.

That's the problem. Yeah, I agree. But that's, I mean, hello, we're the United States of America. I mean, we can't build roads here, but we can help have his infrastructure. They don't have infrastructure. That's the problem. Yeah, I agree. But that's, I mean, hello, we're the United States of America. I mean, we can't build roads here, but we can help them build roads. Don't, don't, don't hit the infrastructure button. Well, we're on the topic of China

and everything that Danielle talked about. You actually, your story with the World War I and the World War II, the Vets come in. It's actually the timeline of that. It's actually amazing, because it kind of culminated in the late 50s, early 60s, and that's probably why JFK said, don't ask what your country can do for you. You can do for your country.

So it's interesting that that culminated in that. And that was when we had the space race. Space race. I mean, I just got goosebumps when you said science and MIT. If we keep this space race going, then we'll figure out income inequality. If we can get rid of the teachers unions that have just about, I mean, if anybody doesn't understand that the, post-coronavirus, that the teachers unions do not have the children's best interests at heart.

Thank you. I'm packed, then. Look, I live in Texas. My kids have been in the classroom every single day. Social distancing masks. Be careful every single day of the school year. My kids, there are blueprints all across America for how to do this. All you need is one school to get it right and then replicate.

That's all you need. And yet you've got teachers unions in Chicago, Los Angeles, New York holding out, holding mothers and Mr. Moms, absolutely I have to be careful about that. I get slaughtered by the dad who are like, I'm the dad at home. I'm like, okay, but keeping half of the income out of the household because one parent has to be there to supervise virtual learning. And it is, I mean, if we cannot figure out how to put, and this is something that people can do, by the way, there is this thing called the Constitution.

We don't have to wait for the Democrats and their Republicans to do it out. We can get rid of collective bargaining via the Constitution. We forget that we have that. We can get rid of collective bargaining via the Constitution. We forget that we have that. We can get rid of term limits via the Constitution. How you have to? Dust off the politicians in Congress right now. They've been there for so long. But there are things that can be done in this country with the Constitution by the people

for the people that don't revolve around politics that's broken. But teachers unions have to go. When you think of the space race in the 50s and the best era in this country, we were sending somebody to the moon and kids were waking up and saying, I want to be an astronaut. They're parents like, you want to be an astronaut, you better study your math, you better study your science, but they wanted that. They had the desire. So I'm watching the modern day space race today and I'm like, go for it. You can't tell children to get excited about math and science, but you can show them and they can want to succeed.

And if we start home growing our brain power, as opposed to importing it into our graduate degrees, graduate programs and then re-exporting it to India and China, think of what we could do as a country, but you got to get rid of the teachers unions first. They know what the space race though, I feel like in the 50s and the 60s was such a new thing. Are you kidding me?

We're going to space like what like mind blown now? It's like Elon Musk did another rocket today. And so they don't know. They're saying it's so we take it for granted. Like I don't feel like it's that it has the allure that it had. I don't know about that. I don't know. I don't know.

What's the number? How many people have been to have five 69? Five hundred 69 humans have been to space five Sixty nine out of how many people like seven billion no doubt that it's amazing I'm cool, but it's it's not what it was ten billion late nineteen I was a great buddy. You think you think it still has the same You just heard a statistics five sixty nine out of eight is seven eight billion people have been are you like that's a very big deal So what does that mean though just because the truck Adam what were you just talking about

controlling semiconductors controlling science right what if there's rare earths up there what if we can mine some of that stuff look I'm all about space I'm just saying I think a lot of people aren't look how many before prior to 1960 how many people had been the space zero now a lot of people have been to space. 500 something people. I just, look, I'm not down playing the importance of going to the space. I'm all about America.

I don't think you have a man crush on Musk. I love him. I have a man crush. I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, I have a, the lifestyle, the lifestyle.

I'm just saying. I don't think I, I have a, I have a, I have a, the lifestyle. I'm just saying. I don't think I, I have a, I have a, I have a, the lifestyle. I'm just saying. I don't think I, I have a, I have a, I have a, the lifestyle. I'm just saying. Bezos having a war and then when that's great and that's great and that it's so trivialized that Musk will tweet at Bezos like oh look who can get it up wink wink like It's because he's a comedian. Yeah, we'll be honest and I'll disagree this

I disagree this and I'll point you two things and you can go look at the ratings and TV with the interest of the Of America and people around the world disclaimer father's a rocket scientist you just offended him So that's what you know that's back up. That's. My mom's dad, my grandfather, was a machinist, making machine parts, Southern California aerospace industry, he was just a machinist, blue collar, but he was making parts for his important stuff. My dad, yes, was a rocket scientist. I'm sorry for offending your dad, the rocket scientist. No, no, it's okay. It's okay, screw you. Mr. Hamilton. He says it's mild. So there's two things that you saw. One was, and it goes back about,

this is like six years ago. Remember when the Red Bull stunt guy Felix went up to the edge of atmosphere and jumped it was high as Skydive all the time? Do you see how many people were watching that and how interested they were and all those things was going on? There was nothing going on,

but him talking to the guy going all the way up up and then he did it. The second thing is when Elon Musk, just what was it, four months ago, brought the two, first two astronauts back, astronaut Dave and astronaut Bob, whatever the guys were. Remember those? Astro Dave, astronaut Bob. And he brought them back and they landed and they showed the pickin' the ship, pickin' up the capsule.

America was enthralled. Wow, somebody other than NASA pulled this off. Go look at the ratings on that. I don't think you're correct. I think there's a lot of interest in what's going on there and that people are pretty amazed at the stuff that's happening, whether it's NASA or Elon Musk. What percentage of the country was interested

in that story? Give me a number. What percentage of the country was interested in that story? I don't know, but the ratings were huge. Okay, but just give me a percentage and this is a very qualified moment to say what the hell is your point like i'm just going with it 100% of the country was interested in nineteen

sixty maybe it's twenty percent now like that get all the trading floors on wall street when they when they land at the probes on Mars i mean cmbc bloomberg everything turned off we want to watch that landing i mean i just got a face of it that i was just a and this year when we did it for the first time with women since we have a new into the

moon since nineteen since it's a tell us when you were in high school in nineteen sixties what was it like when they're gonna tell you you can experience at so-called sapient i think you just want to be an astronaut in the ocean that's i think what you're trying to do. I'm trying to get out there. Oh, I get to swim at some point. Very cool.

I just, I think it was a bigger deal in the 60s than it is today. What I think she was the point she was trying to make is to get kids to dream again. Yes. Let's go do the impossible. Whatever the hell is the, I talk to a doctor. Is it Michi Akaku? I may not be saying the name right. You to a doctor is it Michi a caku? I may not be saying the name right you know who he is he's a theoretical physicist

He's like one of those what's the French pronunciation of his? I'm gonna butcher if it's English or whatever I actually think I got that one right Michi a caku the other one I totally but you So the Asian guy yeah top 15 favorite enemies of all time. Favorite enemies of all time. Top 15. So I'm talking to him and I said, so tell me, is there a civilization out there? At this point in the game, we know there's civilization out there.

I said, you said once, let's stop trying to find out about them because if we do find out about them, what if they are 10 times more powerful than us? And I said, okay, I said, so here's a question for you. He says, I said, do you think there's a twin of America, and I'm not America of the earth out there as in space, another earth out there. He says, I'm willing to bet there is. And what's scary is they may be millions of years ahead of us. You know what I said? I said, I don't think that's possible. He says, he says, why do you think that is? I says, you think, you really think this thing's gonna continue? I say, you don't think there's an end time to this?

He says, what do you mean? I say, you don't think, you think like, we're gonna go the way we're going right now and not one insecure, crazy offended. I said, what happened in Germany? Do you remember the guy with the weird looking mustache? Do you know, half the story why he did what he did is because he was offended,

because somebody offended him, so he kept that grudge for a long time. What are you gonna do for another kid comes and gets offended? And he keeps it for years, and all of a sudden his vision is to destroy everything. You think, he says, well, that's level one, you're thinking about this, I think,

Internet's gonna do this, and then we talked about whether we can time travel. He says, that's a possibility. He says, this is how you do time travel. But you know how it sounds crazy. Think about it. If you sit there and say, you know what, I want to go to a 1985, okay? And then he explained how go back, how to go back in time. It's just because if you go back in time and he saved one, your parents from dying or something, now you're messing up with the future and all this stuff. Totally.

So then you're going to go into three dimensions. Listen, I honestly, I felt like I was on LSD and I was on no drugs at that time when I were talking. You not seeing Ant-Man? Yes, of course I have. I have. But the whole thing is, look, it was like, how do I describe this to you? It was, what was the word that we started off with, the sexual?

Oh, the sapio-se the sexual it was honesty porn for a sapeo sexual community that's what it was okay That's a good way of putting it right that's what it was cuz you just listen to this guy like oh my gosh Now can we time travel? I don't know the fact that somebody thinks we can't that's exciting to want to go out and do the impossible So Adam to the community of people that party with you and Miami that could care less about what we can invent, we respect them a lot. We salute them tremendously. But to the other community that wants to find out what the hell is in space,

I applaud them to go find out. I'm actually very curious myself. I agree with you, actually. Yes, today, Bayzos and C can't get it up. They announced for $200,000 that will take you to space and allow you to have a view of what Earth looks like from space. We ought to finance you going and see what it looks like from space. I think the four of us should go. Are you down for it? I'm down for it. Are you kidding me? Game. Game. If we if we finance it, you're willing to go.

Beyond. Yes. So let me get to straight straight you're not willing to go do street guides you know street on the what is the the the the the the the street interviews in Columbia but you want to go to space yeah you feel safer in space than Columbia uh these days maybe yeah all right I have to applaud them I got a lot of respect for you with that I'm all about space I just don't think a lot of Americans care as much as they did What she's saying is they should I agree with Daniel Adam Adam I agree with Daniel. I just think folks do you agree with Adam or do you agree with Daniel if you agree with Daniel Putt thumbs up if you agree with Adam putt thumbs up. We're curious Adam

Because you're on team ddb you are you are anti space learning about it and if we understand that there's a community for By the way, somebody here said the most you know, they said no wonder he's so boy the two cats validates Have you getting a lot of good people are sending money today and giving you a lot of love? I'm good with I could take it. He's okay. So wait can't hear you wait. We're keeping a list right? Yes, get rid of the right yes get rid of the cats Not get rid of the cops. It's not gonna have and avoid talking about space So I'm talking about your pickup strategy here. I've I've I've been on a date with you know I've been on a date with the end of the show

We're gonna have it down and we're gonna have the girls name from Miami because we're gonna narrow it down I'm in two space and anymore. It's sent out of to the I'm going there you go okay so it's taking us 51 minutes to get into topics but this has been great to take 50 so I have an idea I have an idea about what happened to be very much I got an idea about the bill and the gates speculation I don't know how you're gonna do the short clips today because it's gonna be like all over the place. But I got an idea about Bill and Melinda Gates. Guys like they all need Riddle and now. Speculation, speculation, speculation

about Bill and Melinda Gates. I think when the pandemic happened where people were forced to be around each other, some people realize I really don't enjoy your company that much. Okay, and it's unfortunate because at least when you only see somebody at night or whatever It's an hour you can tolerate the person But if you're in pandemic you're in shutdown mode for six months and your Bill Gates who at the time Even though you're not a doctor. You're one of the voices second to Anthony Fauci that what the world should do

And your wife Melinda's next to you, who's also got a pretty big ego just as much as you, and you guys are stuck in a $50 million house for freaking six months, I wonder what those fights would be like. You know, I wonder what those fights were looking like. I wonder how annoying they were to each other, and eventually they're like, dude, I just, I'm good not being around you anymore. Well, think about how high her profile is today,

compared to what it was, say, five years ago. I mean, she's done so many interviews. She's become such an advocate for women. And so, but she's not even comparable to McKenzie, right? As far as a voice goes, as far as influence, but they're in different leagues. And that's why I mean, I think that that that she would have never as an influence not even close. No, no, no, no. Melinda's way ahead. Melinda is saying. No, no, no.

She was behind the lawyer's crafted the tweet. The lawyers crafted the tweet that they both wrote. Melinda, I promise you made sure that they're going to continue co-running the foundation that co- and they're going to, because she's not giving up her leadership position. She's got, she's got a taste for power and she's not giving it up. She's extremely ambitious. From Ursulan to, remember she's using pesos' attorneys.

She's using Trump's former attorneys. So she is in it to win it and she's not gonna give up the power. Do you think she called Trump and said, I need a referral? I'm thinking no. Can I get a referral, Donald? We're focusing a lot on her. Where do you think those minds say it? She is impressive.

Hang on a second. Melinda Gates is very impressive. And I think she honestly believes in things she's doing. I saw. She was running a massive division of Microsoft. Yeah. And also, I saw her talking about the malaria eradication project. There's one of the first of the Gates Foundation.

There's no question she's a true believer. And she wasn't a true believer. I saw her interview, she was interviewed by Cara Swisher. And I was really impressed. I said, wow, there's passion, there's how, there's when, there's who else I need. I was like, wow, this is like listening

to the business plan for malaria eradication. I was really impressed. It like listening to the business plan for malaria eradication I was really impressed it wasn't just it wasn't just the celebrity that question for you yeah she is she is she is she is she is she is she out for you time not that either is gonna do it but which of the two would you think deep down inside has more aspiration and wanted to become the president out of states Melinda or Bill Gates I have my own opinion what do you think well if you narrowed down any of that question I United States. Melinda or Bill Gates, I have my own opinion. What do you think? If you narrowed down any of that question,

I think it's Melinda. I agree with you. I agree with you. I think she's more aspirational and more ambitious to want to do something like that. And he was never a power executive. He was always a thinker. And he understood the power of the platform.

He said some meltdowns. So he said some great epic meltdowns. Well, but he also understands the power of platform. And so when he and Jobs were together, he understood platform, he understood an monopolistic power, he understood exactly what he was doing with what became the windtell standard. Whereas Jobs was about design, about innovation,

about being very different style. About being on the edge and not being, we need to, this is the matrix, not being the result. Well, there's a wide age gap between those two as well I mean Bill Gates is 65. He's in a different place in his life. He hangs out with he you know He and Warren Buffett are buddies. I mean, it's how old is she playing gen Rummy Playing gen Rummy I pull her up. I she's probably in her mid 50 Yeah, I think she's 56. I'm okay. So there's a nine year age gap

All right, that's not that big of a deal. Did we Kai check it? Yeah, she's okay. Okay. We're showing Melinda a lot of love, respect. I get it, but where's Bill at right now? Give me a word, Bizdoch, where's Bill's mindset at? I think it's totally fine.

Yeah, I think Bill is totally fine. How can you not be at peace with $75,000? He's 65,000 dollars. But I tell you, it's not even a money part, it's there's also an element of, imagine their debates. Imagine Bill's identity. I was like, dude, I've been the richest man in the world

for freaking 30 years, until these guys showed up. You realize who I am, like everybody's been talking about me for a while. You weren't there they want. You ran a division, great, we met, we hooked up, all good. Respect you, you were somebody that did a great job with the company, but I'm Bill Gates.

I am Bill Gates, I've done a lot. The foundation is named after me, let's not forget it. It's Gates, I know it's Bill Maloney. I know it's Bill Maloney, but it's Gates is the last name. It's OG, as we just said. So to him, his identity, you don't think there is like a bunch of girls out there who are like scientists type of girls that are, you know, into so- Sapeo-sexuals.

Sapeo-sexuals. Sapeo-sexuals who are like, oh my gosh, get me that Sapeo-sexual, I want them right now. I mean, there's a big, there's a tender side for Sapeo-sexuals. What's it called? I don't even know, but it's a good idea to put something like that. What does the chance is he just rolls up with like this hot, scientist. You know what that's a good idea as he goes down that very low the Under served Wow Think about it. So I'm gonna right now listen to this run with it and let us know about a five years from now when you go

IPO four billion nerd match. Can you imagine that if there's a dating site specifically for? Minimum requirement to be on this dating side you have to have a dating sites specifically for minimum requirement to be on this dating side. You have to have a 4.5 GPA. Like imagine it's like one of those elite brilliant genius rocket scientists type of a community. If they've got one for farmers, they can have one for sapeo. Sexuals wasn't their one that was a six figure club ladder or you would travel and meet each other at airports.

That what was it called ladder? It was a dating site specifically for those six figure and up executives that was specifically their market target market.'s one way to filter I but by the way I tell you when I like about that it was the whole idea was you're so busy you don't have time to date which a lot of people nowadays you're you're an executive you're running a gun and traveling you don't have time to date here's a website yeah find a way to you know connect and have a cup of coffee together and maybe you know look I mean look at one of the most popular shows

that's been on TV and in recent history big bang theory i mean that went for season after season after season. Sapeo sexuals are a thing. i i think that's a word we're going to use often. Sapeo's it's here i think it's going to stay like so boy stuck. It's stuck. I don't think it's at that level though. It's not it's not at that level.

We will do our best to see what we can. Okay let's go into, should we talk briefly about what our buddy Jamie Diamond says. Let's talk about the go to page five. Since we've already covered, let's just get that knock that out of the way. Jamie Diamond, okay. Jamie Diamond, Jamie Diamond fed up with Zoom calls

and remote works as commuting to office and will make a comeback, CNBC story. He is no fan of the new remote work structure that has taken hold during the coronavirus pandemic. The JPMorgan Chase Chairman and CEO has already told his employees they should begin getting used to returning this month with the goal of having 50% of workers rotating through offices by July while he's fine with greater flexibility allowed by employees working from home. Part time, he said that's no substitute for being at the office.

I'm about to cancel all Zoom meetings, because Jamie said, I'm done with it. But look at the bottom line. Diamond also said clients told them in cases where Jeremy Morgan lost businesses to rivals, it was because bankers from other guys visited and ours didn't. And he included that line.

Wow. Wow. And the biggest about line. Wow. Wow. That's the line in the same. That's the line in the sand. And the thing is investment banking is about building relationships. And I mean, they've discovered on Wall Street that traders can trade from home. They get that. Even though there is a camaraderie on a trading floor, that, you know, traders feed off

of one another. It's an ego maniacal environment, a trading floor, but investment bankers build relationships. And, you know, they're gulfing. They're on the corporate jet. They're whining and dining. I mean, mergers and acquisitions have just had the two biggest months in the history of the United States in March and April. Every merger, every acquisition, there's an investment banker collecting fees behind that deal. IPOs are hot right now. There's an investment banker behind that deal.

And he's got the people out wherever it is in the country that you can go out and And he's got the people out wherever it is in the country that you can go out and Since Corona whatever they're going out to dinner and Dallas But they're physically with the client is what diamond saying and he's saying I'm not gonna lose market share I'm not giving up business. You know what I like about him. I don't even know what side is he's politically I don't know what side is politically is he's center left he's center left. Okay. Yeah, but he doesn't give a crap about Telling you how he feels about anything and it's not like he's a loyalist to his political party or what everybody on this side is saying he'll come out and say this is bullshit

this is not working out we got to do something about all this all this progressive bullshit has got to be pissing him off because before the election he said I'll I'll hang my hat on Biden but you better stay in the middle you better not swing too far left okay so question for you this is got to be making a mad. What's happening in the economy? All this because I'm gonna look up. The Federal Reserve is it's inflating a bubble that's going to come back to Haunt Wall Street and Jamie Diamond cannot like it. Do you think he's called Biden? Do you think they've had a conversation about the tax plan? Give me a break. He's the most he's the most powerful banker in the world.

out of conversation about the tax plan. Give me a break. He's the most, he's the most powerful banker in the world. Fair. Okay. So Biden and his camp talking about the fact that it attacked. I didn't always, I haven't spoken to that person. Ask again. But Biden said to him, putting in his face that, you know, I know you're playing all the

southern stuff, but he doesn't talk to Jamie Diamond. That's definitely, when he needs to use it that he talks to the people, he says that when he doesn't use it, when he hasn't talked to people he doesn't use it. But going to Jamie Dime. If he was talking to companies in America right now, he would know that his policies are hurting companies. He would know that. He would know that his policies are causing companies labor costs to increase at the same

time that input costs and shipping and freight are going through the roof. You're squeezing the hell out of these margins with these companies. Your storyline doesn't match with what the media storyline is because the media storyline widens first 100 days for stock market best since FDR. But that's a story like, hey, he's doing such a great job the first 100 days. 34% of personal income was government transfers. We've never seen

anything like the amount of money. Sure, but how the stories be in pitch? How the stories be in pitch by Mars? We're glorifying, we're glorifying socialism. Yes, we are. Is that who we are as a country? That's what we're doing though. Well, then just bring no more, we'll have no more next time. We'll have no more on it instead of, yeah. But let me go back to the question. Here's a question for both of you guys. I want to go with you in a time. I want you to run it instead of, yeah. Well, let me go back to the question. Here's a question for both of you guys. I want to go with you in a time I want you to comment on this as well. So this is my question. I had dinner with a guy two nights ago who's one of the biggest state planners here.

Solid guy, beast of a guy, legit guy. And we're sitting and we're talking, I said, do you think Biden's tax plan is going to happen? He says, that's the number one question all my clients are calling me for. I said, do you think it'll retroactively go back to one on 2021? Because that's what they're pitching. He says, let me put it to this way. 90% chance, it's not going to happen.

I said, tell me why. He says, you have no idea what kind of people are calling them. Because if they do this, midterms will be a nightmare. So what do you think? Do you think it will happen retroactive or do you think it's going to be a 1-1-1-20-22 date? It's, you know, Mansions already come out and said he would maybe raise the corporate tax rate to 25 percent, maybe. But Mansions are lying in the sand. He's a stod, by the way.

If you don't get Mansions on board. He's your guy. I mean, that, that, and look, the house of representatives has a lead of six, six. I mean, the midterms could be Texas picked up to a slaughter. Yes. A slaughter. Yes. A slaughter. Yes. California lost one. New York lost one. Yeah. So, but, but that's, I mean, when you think about how the lines are being drawn and how narrow the margin is in the house. And obviously the Senate split down the middle with Joe Manchin. Joe Manchin is more powerful than Colin Harris. I agree.

Periodant. I agree. So, um, but how the media is painting the first one. I'm the only president. And, and by the way, when the, when the stock market was rising, it would have, had nothing to do with Trump and it has nothing, it has everything to do with Biden. And it had nothing to do with Trump, and it has everything to do with Biden. And it had nothing to do with Trump.

Because when Trump was around, for the majority of the time, pre-coronavirus, the Fed was basically printing money in the background, right? And then the CARES Act comes along. And then you hire- Zero percent interest. Zero percent interest rates. When you look at the amount of fiscal and monetary money that's been pumped into this country,

it is upwards of 57 per cent. I'm telling you, China's licking their chops. They're so excited to see us going down to use your term this rabbit hole, the Chomsky Rabbit Hole. Thoughts, Tom? Well, there's about five things in there. And the first thing I was gonna to say about Jamie Diamond is, you know, I become a student of like the banking leads

and kind of understand, you know, the story behind the story. And what he brought up here, you know, hey, I had a market share problem during COVID. Also, people don't know that on March 5th of last year, Jamie Diamond was basically dead. He was in his office, and he heard what he thought was a pop like a crack of a knuckle. He calls this doctor and he said he was lightheaded and things going on.

His doctor said, I think you may have had an aortic tear. He did an aorta tear. He said, okay, we'll come nine, nine, one. Jamie, you don't have time. Tell your assistant to walk you through the elevator until you pass out and get you in a cab and get here. And he got in a cab with an assistant, zipping across New York and they got him in. And he was open. You ready for this? His doctor said that he was a low. Jamie, dumb and age. Dr. said he was open.

The nurse, his chest was open, like 42 minutes from the phone call he made. But he said he was as good as dead. And a cancer survivor. And then last year he had two knee replacements. Jamie. So, and by the way, his first day back, and he was doing the kneeling thing, he was kneeling in front of a chase bank vault. And all the memes were, ah, Jamie Diamond kneeling in front of his favorite house of worship.

But it was a bank vault. But Diamond has come back, I think, to a human side of business. So I think there's more going on with Jamie here. It's market share, but I think there's a human side of it with diamond, and also the fact, I think Goldman kicked his butt last year. I think during 2020, Goldman freaking kicked his butt.

I mean, we all know that they did $2 billion in bonds with the auto industry, which was supposedly ford they didn't say who they said our guys never left their homes in north juzzi that the auto guys never left your born oh dear born i guess that's ford and you know they did two billion dollars with the bond relationship wins this is the factor this wins and so and this is a word you guys want to work and they say we don't want to work in West Palm Beach and Goldman moved that bond group,

supposedly to West Palm Beach, Florida. We're a good job, $2 billion, where do you want to work? How about West Palm, those income taxes? Great, you can go there. The second thing that you were talking about and all this pump and stuff going in here, you also have to remember what, what did the youth of America,

you know, the educated youth, right? You had college students, or like 2021, more of them took their stimulus check and opened up a Robinhood account. And so you've had stimulus money pumping into the market. That's called demand, which drives market prices of the Fangastox and anything else that they want to invest in. So I think you also have to understand is that the stimulus money for a huge number of people that got that stimulus money went right into the market and it also reduced consumer debt.

And so that's artificial. Yeah. I mean, if you look at, and I'm going to make a little point about Jamie Dimon, one last point about Jamie Dimon. I'm getting in the weeds here, but it's kind of critical. Jamie Diamond has the biggest balance sheet in America. And when there were issues in overnight lending in late 2019, Jamie Diamond threw his weight around and made life at the Fed difficult. Difficult. What company was bailed out first with the Fed's bailout on March 23rd, which company

was grandfathered in that had been downgraded to junk in Dearborn, Michigan? Let me guess. Ford? Yeah. First on race day? Ford? Karma's a funny thing. But Jamie Dimon showed Jay Powell that he was more powerful than he was.

Seriously. You know it's really funny about this. Is he like a modern day sandywile? Is he like a modern day sandywile type of personality? Sandywile said the worst, the one regret of his entire career was not letting Diamond succeed because city would be in the place that JP Morgan is today. Oh yeah. That's that's a matter of public record. Wow. By the way, props to Sandy for saying that. Of course. Props for Sandy for saying that. You know, if you ever lose humility,

you're you can kiss your sister. And that world, it's a lot, it's a lot of not being able to say what the truth is because you got to protect your ego. Good for him. You know, I love. I love. Hello. Um, well, I mean, that's the article.

It's in Lier's poker. It's a term. That was a technical term. Sorry. She wasn't talking about you, bro. Relax. She thought about the article from last night. But Tom, when you get back to what you said about Powell, but Tom, please keep it straight. 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, I think what you just saw, everybody thinks, oh, ha, ha, ha, this really kind of funny,

you have to understand it, the best of my money, a best of my venture capital, Boston, US steel, Carnegie and all this kind of stuff. Ha, ha, great joke for the intellectual. But on the other side of it, that's what just, that's what played out with Diamond and Paladin Day. That's exactly what paid out. It's like, excuse me. Huge power play.

We're not, there's's there's two big defail And there's also two big with yep, and so and yep Jamie Diamond on that day was too big to with But remember speaking of Goldman Sachs who was the the only bank that was not in the room the day that Lehman failed Goldman Sachs was down the hall at the New York Fed meeting individually with Timothy Geithner while all the other bankers in America were at the other end of the New York Fed deciding what was going to happen when Lehman failed. Lloyd Blankfine was already moving way past that he's like, if there's another company called AIG, it's coming straight down the pipeline.

I could give it to him about Lehman. If you let AIG go, it's going to blow a massive multi-billion dollar hole in my balance sheet. So let Lehman go rescue AIG. That's your guy, Ben Moshe. Ben Moshe. You know, Hollywood likes to bend the facts a little bit, but there is a, I was actually at the Federal Reserve that day.

But there is a big, there is a great scene that's in, that's in the big, the classic, oh my gosh. It's at the end the big short oh my gosh it's at the end he goes hey they're at the White House remember yeah and he goes oh there's going to be a bailout and this is Hollywood bending the facts and everything but it actually there was some exact truth to that way there was these guys are running over here. Ford was bailed out Ford was Ford was bailed out period. Yep... a year ago for it was bailed out period

again and alim ala sat there in front of congress and claim one the only one that didn't come here on a corporate jet and he didn't remember alim ala who came to ford from boring for that rubber made i think but i don't know if you listen to this you like this panel uh... smash that subscribe but and i think a lot of alim alim alim if you like today's panel subscribe click that subscribe button. And I think a lot of Alan Malale. If you like today's panel, subscribe, click that subscribe button and the notifications to be notified the next one of these podcasts comes up.

But go ahead Tom, finish your thoughts on that. No, I mean, I think this is absolutely correct. It's like, you have to look directions. When you turn on the lights, which way do all the cockroaches go, right? And there is a bunch of cockroaches went this way and there is one that went that way. Tom, who is the most powerful one today, though?

Like, who calls the shots? Is it still Goldman calling the shots? I don't know if it's calling shots or it's influence. Is Goldman the most influential still? They want to be. I don't know what that means though. That means that Jamie Dheimen was. The pandemic changed the dynamic back.

It was a huge thing to see Goldman Sachs fall below JP Morgan Chase in terms of influence because Jamie Diamond had this mammoth balance sheet that turned out to be a weapon that he could use. So is Goldman ahead now? Well, Goldman, to Jamie Diamond's point about we lost deals. He's not going anywhere. How was Jamie Dimon only worth two billion? What a loser. No, it's not about what a loser,

with the amount of control and influence he has. How much should he be worth? I think he's got to be a 20, Sandy was a 20 to a 40 billion dollar guy. He would have been a magnificent treasury secretary. Him? Dimon. His name was in the running.

Making 200 grand a year. No, thank you. He'll go back to running. No, I disagree. I think he's a patriot. I do. I don't disagree with that. I think he is a patriot.

I think he would serve his country. But I think he's in a right place right now. I think he's in a right place right now. Diamond is a patriotic moderate, and his left is basically on social issues, because he feels he doesn't want to be on the wrong side of history He is very predictable and I think I think very very highly of him You know people of faith might say well, I don't agree with some of the social

You know the side of him but I I think he's a moderate patriot Yeah, every time I speak up for Jamie Diamond my Twitter feed just goes What do they say they just all bankers are evil? my Twitter feed just goes poof. What do they say? They all bankers are evil. What, I thought Sandy was a twig at all the Rothschild build a burger. Oh my gosh, please don't hit.

We can draw a line from Sandy, I'm it back to the Rothschilds, the deliverers. Don't hit the conspiracy theory button. No, I'm not, I'm just saying. I'm envisioning where these tweets are. Oh my gosh, yes. Well, Daniel is all about the creatures from Czecho-Lyla. She's like all about that.

She wrote a whole book about it. And you know, so that we're not gonna go there, don't we? No, we're not. Let's go to classical text. Let's go talk moments in history. How about before we talk taxes? Taxes?

Let's please Adam. Let's talk about Elon Musk. Okay. Let's talk about Elon Musk because I think Elon is inspiring Adam. I think Adam is gradually also starting to have a thing for aliens. I don't know why, but I think Adam is gradually also Start to have a thing for aliens. I don't know why but I think you know Graduate you're talking a lot about aliens late Adam in space. Yes. I can see that. I can see that

It's interesting how you fluid and space. I think our audience is interested in this story as well Okay, let's talk about it. How many times you're going to go back to you? I want to know how many times you're going to rewatch Saturday night live. I think it's going to be, I think, pre-release. Elon Musk hosting SNL is going to be a ratings bananza. You know, it's because of him going speculation because of him going on SNL. Dogecoin is on fire up, you know, just because they're thinking he's going to mention it on SNL But let me read this to you Elon Musk arrives in New York City with family brainstorms SNL ideas with perhaps

With people out there. This is a TMZ story. Elon Musk still doesn't seem to know What the heck is in store for his big debut on Saturday night live? And it's even escorted resorted to asking Photo what he called it He even escorted, resorted to asking photo, what do you call it, paparazzi folks, about what skits he should do. The Tessa CEO was in New York City Tuesday. Days ahead of the taking the stage at NBC Studios where he'll be hosting us and all. And the moment he showed his face in the streets, he was sworn mostly by autographed seekers

who shoved dozens of sharpies and photos in his face. The one thing on everyone's mind is what he's got in store for Saturday's show. He regurgitated some ideas he was spitballing on Twitter over the weekend, including Baby Shark and Shark Tank merging to form Baby Shark Tank. Doesn't seem like he's touched base with SNL staff quite yet.

What do you think's gonna happen? So I don't think we've ever seen anyone like Elon Musk, okay? So traditionally, who were the, we talked about the bezels of the world. We talked about gates. We talked about Buffett last. We've never seen a multi, multi billionaire with such a big personality and a weird personality. All right. This guy's clearly banging aliens or has fascinating about that.

All good. But someone with this much money, this much power, Danielle, we can go there. You should pull up a picture of his girlfriend, Kai, just so Danielle understands what we're working with. Stan SNL, okay. Stan SNL. So you had a bet with Kai. Jesus, I post that.

A couple, a couple months ago. Now pull up the more recent picture. You had a bet with Kai a couple months ago. Who would be a bigger draw on the Joe Rogan podcast? You went with, yes, exactly Danielle, now you're on my team. Kanye West or Joe Rogan? Kanye West or Elon Musk? Wasn't even close.

I won that 10 bucks before to show you the start. Kai, you still got that 10 bucks from Kai. Kai bet on Kanye, you bet on Musk. Who won? Big time. Not even close. Unfair. People ask Kai like that on TV again. It hurts his ego. I don't know. Don't do that again. He's good as a big boy, you can take it. I'm not even close. Unfair. This is going to be a little ask high like that on TV again. It hurts us. He goes from Norway.

Don't do that again. He's good. It's a big boy. You can take it. I thought it was Finland. This guy's got a. What's the difference? This is going to be a ratings banan on SNL. This is just way bigger than any more. So many Norwegians. It's going to be way bigger here from

the principle of that Norway school that listens to podcast. Keep going. I think it's going to be the biggest SNL episode ever. Potentially ever ever. Ever. Because he has a big and she'll help big and Murphy. Yeah, big and Trump.

Yeah, big and any these guys. Yes, yes. John Belushi back from dead. I think it's going to be the talk of the town on Sunday. Who's John Belushi? And I think it's going to be one of those like Karek out. John Belushi.

I think it's going to be a Karek situation where I don't think he's actually that funny. I think he's got childish humor. My hope is that he can actually make fun of himself. Like it'll go very well if he can embrace making fun of himself. Maybe he can call it the White House. I mean, if horse comes to horse,

they can just hook him up to a teleprompter, right? Okay, there it is. Yeah, if he like makes fun of Donald Trump. Can I get a boon somewhere? Boom. God. I think it I get on a tree somewhere I think it's gonna be a ratings bananze. I think it's gonna be great. What do you guys think? What do you what do you think about it? I think it's gonna be a let down or you think it's gonna be like You know how you go to a movie like oh my gosh I can't wait to watch Transformers 3 and you're like yeah

Yeah, like where the hell is shy love buff and the Fox? What's the other girl from a... Megan Fox. Megan Fox. I need Shyla Buff to be back in there. And he kind of like a leaptown. Do you think it's gonna be a leaptown? Your thing's gonna come up and show up. Yes, I do.

On a one to 10, I think it's gonna be a two or a three, and it's gonna be like the remake of Wall Street where Oliver Stone just peed in the bed. How about yourself? I mean, I think, I don't think it's gonna be entertaining as much as it's going to be... Intriguing? Yeah. Curiosity.

People are just gonna want to know. You think it's gonna be like a car wreck? Everyone wants to see what's going on, but it's not gonna be fun. But it doesn't matter. For people who worship him, and I mean, he is probably one of the most worshiped people on the planet. Yeah. Everything he says is, I of the most worshiped people on the planet. Yeah. Everything he says is, I mean, hero worship.

He's talking up a joke. Yeah, well that's why I think Dogecoin is the bubble of all bubbles. I think it's a complete joke. It started off as a joke. It still is a joke, but just people are, it's just a dollar. It's a dog not cats.

So get off it. Well played. Cat ball played. Where do you think about Elon Musk and Essin O? What what do you think is gonna happen I think it's gonna be very interesting I think he is a unpredictable guy in the world loves unpredictable characters and unpredictable character can come up and say anything he's gonna push buttons the question is gonna be who's gonna challenge when the movie that was the recent movie that came out as a Godzilla and what is a Godzilla in the camera?

He tweeted about it, he says, I love this movie, there was a subtle shout out to conspiracy theorists, a shout out to podcasts, there's a shout out to this. He likes that, so I think he's probably gonna do something with conspiracy theorists. I think he's probably gonna do something with the number 420, 69, doge, Bitcoin.

I think he's gonna probably touch something to do with Jeff Bezos. He's gonna take a shot at Amazon. I think he's probably gonna take some kind of a shot at possibly new sum, California. I don't know, I think you don't know what direction he's gonna go, but a lot of people right now are sitting there saying, I hope I'm doing this. They should have him do a skit as an Amazon driver.

He is an amazing, hilarious. That's what the kind of stuff he needs to do. Make fun of himself, make fun of others. But let me ask you. This is a legacy type of show. Who do you rather have on SNL? Him or Bezos? Who's gonna do?

Not even a question. Oh gosh. It's not even a question, right? I think Bezos is the best. Although I'd like to see him in Bezos and Amazon, do every van do like Carpolt karaoke. That'd be great. And I'd like to see Noem Chant, Gantana, so.

I'd be great. That's what I'd like to see. I'd like to see great. And I'd like to see no more Chantantana so. I'd be great. That's what I'd like to see. I'd like to see that more than I'd like to see the other one. Okay. All right, if we cover that one. Sorry, are you gonna tune in live? There's what is a Saturday night. Saturday night.

You're gonna be Miami. You're gonna be tuning in in Miami. Maybe. Okay, where are my saddest ones? Where are my saddest ones? Saturday night, I'm still like Sunday. Yeah, Sunday night. I'm gonna tune in.

I'm gonna tune in to see. gonna get to tune in to see. Tom, you tune in? Nope. Bedtime, what time's bedtime? It's not bedtime, I think it's Kim's birthday. No, it's Mother's Day. No, that's Sunday. That's a following.

No, no, no, no, we're doing, we got some very big business things happening in one of the other companies. And so Saturday is Mother's Day. Yeah, that's our Mother's Day. Yeah, but you're not celebrating Mother's Day. Yeah, that's what I'm saying. They're doing the same here.

We're on the next day. We're on the same, you and little Dan. Yes, Dylan got a suit yesterday. I got Dylan. We're doing it. Mother's Day, there's a law against that. Well, the price for the gift doubles. So if you can meet that requirement, yeah it. Yeah, you can. Oh, look at Daniel. Look at Daniel. You can buy Daniel.

If I was told you're not going to get one, but two pair of shoes with red soles, I'd be like, so. So, yes, we'll change it one day is all we're asking for. So anyway, so that's that part. Let's get to the story of taxes. I want to do this tax story on page nine. Go to page nine. Taxes, taxes.

The mansion, mansion, mansion. I'm trying to talk about SNL. You want to page nine taxes taxes mansion mansion mansion talk about snl you want to talk about taxes wealthy may face up to 61% tax rate on inherited wealth under Biden plan that's a cmbc story 61% of her roles on jubilant tax plan according to recent analysis apart as part of his uh American families plan Biden is proposing to nearly double the top tax rate on capital gains and eliminate tax benefits on this appreciated assets known as the step up in base step up in basis Combining the estate tax and a new higher capital gains rate the repeal of step up in basis could bring total effective marginal tax rates as high as 61%

Are you kidding me? According to an analysis from the tax foundation, the rate would be the highest such rate in nearly a century. I'll give this to you and then I'm going to give a Janet Yellen update right afterwards. Go ahead, tell us about this. Well, it's Asa and I and there's not really much to talk about. It's not. I mean, I'm assuming you're supportive. You're really looking forward to the tax hike to 61%. Look, we are all the great social things we can do together all the great programs But I'm all over philanthropy, but you're gonna decimate philanthropy if you do this It's correct. I mean if you think about the Ford Ford's come up three times the Ford foundation and what it's done in this country and

so many other Family legacies that have done things that the government wouldn't and shouldn't do. Shouldn't. I mean, there's always a place for philanthropy, but not with that tax rate. It's not. And by the way, did I say China? I mean, they've got to love things like this. They have to, I mean, there will be people who leave. There will be people who get up and leave the country. Where are they going? Belize, Costa Rica, there's a bunch of places out there

that you can live very nicely. I mean, you do have to kind of live off the grid. Singapore, is that the top? You put Singapore there? I mean, I mean, Singapore is definitely a place for the wealthy to live, it's not Hong Kong. You think people are actually going to leave? I think that you would have a handful of people who left.

I mean, think about, okay, September the 9th, 1850. California was admitted into the United States, okay? Every single year since 1850, the population of California has grown, dot, dot, dot, until preliminary census data suggests 2020. There was a 70,000-someod net loss of population in the state of California. You can't tell me that people don't try and flee high tax, high tax cities, states. But what if it's the country? 1850 till 2020 it's grown. Stop the 170 years later

2020. I don't know. Gavin Newsom. Oh God. Give me back that electoral vote. Okay. Let's take a vote. One of you 57 now 56 or something like that. It's um, Kai, how many were did they have exactly right? If you look at if you look at California losing a seat, that's exactly right. It's exactly. And you see, Major Williams, I always had to use that stat right there. Who's that? Major Williams, he's used that stat right there.

Yeah. Yeah. Shout out to Major. Speaking of your man crush, where does Elon Musk hang his hat? Austin, Texas. That's true. In Boca Chica. Boca Raton, Boca Chica, there it is.

But I think about, I don't think anyone's moving to say, when you said a handful, are you literally saying a handful? Like how many people are leaving the country because of this? Genuine question. Who's going to Singapore? Some people are going to Puerto Rico these days, but that's still part of the country.

Some of these models, you can, some business models, you cannot do other things. True. True. Some people are moving to Puerto Rico. Hey, Pat, come to Puerto Rico. It you have to have a job? True. True. Some people are moving to Puerto Rico. Hey, Pat, come to Puerto Rico.

It would be part of the 420 program. Pay only 4% tax for 20 years. Our model doesn't work. I wouldn't be able to go with there anyways. But I know a lot of hedge fund managers who've gone there. Sure. I know. And that's all they need is a computer.

That's the difference. Certain jobs you can. I pay taxes in every state I'm appointed in. I'm still paying tax in California. Every quarter they come a pad. Here's the cup of taxes. Check, check, check, check. I'm taxes in every state I'm appointed in. I'm still paying tax in California. Every every quarter of the company Pat, here's to cut the taxes. Check check check check check. I'm not saying it's the right thing to do. And by the way, it's I mean talk about the midterms. I mean, if they if they try and raise taxes to this extent, the midterms will be even. So you don't think it's going to go to 61. You don't think this is going to pass.

I can't see it happen. I can't see mansion letting it happen. So, are you familiar with the Reagan Tax Act? What was it in 1986? Do you know the numbers on what he did? Yeah, David Stockman, Trickle Down Economics. Do you know actually the numbers what he did? No, I'm not. But I know here, actually, the numbers what he did. No, the numbers what he did. But I know he, I know the capital gains change released, released dollars that ran into both philanthropy and venture capital as a historical fact. So he brought ordinary income, Kai helped me out.

He brought ordinary income from 50 to 28. He raised lowest marginal tax rate from 11 to 15, okay? And he brought capital gains to 28. Everything was 28, 28, and the lowest one from 11 to 15 is what Reagan did. And it passed, right? And obviously a couple years later they had some changes to it, but he brought from 50 to 28. To go to 61% here, I mean, this is catastrophic if this passes. If it passes, say it does pass.

If it passes, you're talking about people leaving to another country. You know, when I hear this story about people leaving to another country, reminds me when Democrats said, if Trump gets elected, I'm moving to Canada. Okay. Look, I'm not saying it's the right thing to do and I'm not saying that big names will do it. But the hedge fund has some podcasters, some engineers, some coders.

I'm saying people who have enough wealth to care, but they can do their job as you say anywhere. Bokin, I'm outta here. Yeah. 60%? That's nuts to be thinking about that direction to go let me read the janitor yelling story right afterwards because i know you have a fan of hers janitor to you by me believe in cover girl

treasuries yelling by ten programs to make big difference to inequality roeder story u.s president joe bines overall proposal which includes stepped up spending on infrastructure child care and education will make a big difference in in equality as tre Secretary Janet Yellen said in remarks released on Tuesday, Republicans have criticized the proposed tax increase by the next specs to use to pay for its proposals. But Yellen said the effect of a change in marginal tax rates is much less powerful in influencing growth in either direction. Adding that her aim is to make sure government deficits stay small

and manageable. Yellen also suggested US interest rates may need to rise to prevent the economy from overheating as more of President Biden's economic investment programs come online. So do you think the rates are about to increase dramatically and if yes, how dramatic? Okay, so she got her handslapped that day. The NASDAQ dropped 400. The Dow was off by 350 points. Somebody could... Do you think she cares? She renounced her statement that day. What I meant to say was, she is the Treasury Secretary. She is a political appointee. She is no longer the chair of the Federal Reserve.

Interest rates are not her purview. That is the singular purview of J.P. That's like J.P. Howell coming out and saying, the Federal Reserve advocates for a strong dollar policy. The Fed's not allowed to talk about the dollar. That is the sole purview of the Treasury Secretary. She crossed a big line. It was highly, highly inappropriate what she did and she had to come back and walk it back because Jay Powell had spent the prior week telling all of America that he wasn't even

thinking about, thinking about reducing quantitative easing, reducing the pace at which money is being printed. He was on an evangelism tour. He was. For a whole week and she comes out and just slaps that. By the way, you've got to stop growing the Fed's balance sheet before you can even get to raising interest rates. She skipped right over that process and said that she saw interest rates as rising and the market threw up. But it wasn't a place. interest rates is rising and the market threw up. But it wasn't a place.

So what are you saying? You're saying rates are not going to go up anytime soon? She was speaking with the brain of her prior job. I totally get that. I got the point. What I'm saying is do you think rates are not at all going to go up and turn? The Federal Reserve is not going to increase interest rates anytime soon. Is he going to keep his commitment of 2023?

Because that's what he said in the past before. Well, see, the pressure is building on J-Powell like you've never read because, as mentioned, input cost prices, whether you're talking about copper or lumber is whatever it is. Well, crazy. 36, yeah. In saying, but shipping, freight costs are higher than they've ever been. We don't have any truck drivers in the country. And now labor is more expensive because Biden's policy is paying people to not work. Correct.

So you and labor 60% of any given company's cost structure is labor. If Jay Powell is going to be facing companies that are challenged with extraordinary inflation. And for him to hold the line through 2023 and watch this thing blow up. And it's hard to see him holding a line unless, unless these unemployment benefits expire, which this is what he's banking on. He's banking on September the 6th. He's banking on companies being able to hold on long enough to wait until unemployment benefits expire

and people are forced back into the workforce. Exactly, I completely agree with that. And there's also something that we missed that came out of the Charlie and Warren show. Charlie stole the headlines with all of his crypto and Bitcoin. Oh, I hate it. It's terrible. It supports, you know, kidnappers.

I'm really hungry. Yeah. The kidnappers, domestic terrorists, and people that can go, you know, and use the, you know, the dark side of the web and by the way, I'm texting something to Kai to share. So I'm on my phone because of that. Now then, here's what they forgot.

And I don't think you missed it. And we haven't spoken about this in advance, but I know this is not something you would have missed. Charlie and Warren spoke for 10 minutes that they are already seeing inflation that could be as high as 6% to 7% this year in America. He said, we are seeing costs pass between our companies. We're companies doing business with each other. He mentioned sugar and coke. And now you've already brought up transportation costs, shortage of truck drivers and lumber and where we have actually you brought up correctly.

We have iron ore. Is it a record today? There you go. So they're already saying, you know, is nobody paying attention here? We're seeing a six to seven percent inflation this year. And it could be, it could be even greater. And we're seeing a 6% to 7% inflation this year. And it could be even greater. And we're seeing it all right now. All these houses and everything in South Florida going up, that's also driving up rent.

That's also driving up property taxes because it's all ad valorum. The property tax is a trailing indicator that follows the increase in housing prices. So if you have an increase in housing prices and a lot of transactions, all those transaction houses now are re-taxed or to me they're rebased and they're taxed tomorrow. And we're wondering why Biden's already talking about a fourth stimulus check. Correct. Because without extra money all of a sudden households are going to get slammed. What did you think about all this in their talk on inflation? I sat back and I'm like, why are they giving Charlie a headline on crypto and Bitcoin? What they just said about inflation?

In the small match, yeah it was. And in your right, Charlie M a headline on crypto and Bitcoin, what they just said about inflation, they said it was fine. Yeah, it was. And in your right, Charlie Munger has no, I've more and more and more invited me out to Omaha years ago. So I enjoyed Charlie Munger's company much more. One of those little sapi-o-wors. On him, I mean, he says, there you go.

It was a sapi-o moment in my world. I can see that, because on the opposite side, there's nothing else going on there. But Warren Buffett got. Warren just keeps saying EBITDA EBITDA EBITDA EBITDA. He got a ton of criticism because he didn't talk about anything controversial in his annual letter. People are like, want, want, and we're like.

This week, Saturday. No, no, no, his annual letter, which came out prior to that. Right, right, right. So I think he wanted to exert his influence. And he took, and he used the microphone to do it. He did it for a reason. It was a vanilla letter because the other shoe was live. Yeah, I mean, and he is, but when you say interest rates

are going to rise, you're taking a political shot at Janet Yellen saying, ma, two trillion more, four trillion more won't make a difference. We had the tools to fight inflation. She says it over and over and over again. We have the tools to fight inflation. Not if it runs off the rails and slams the economy into a recession because companies cannot afford it.

How do you stop the inflation right now? What, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, what, time from now. You can't stop what's about to happen economically ahead of the midterms. It's going to be a slaughter. What are the midterms, 16 months? Yeah. How are all? Confidence is pretty high though.

By the way, if rates go up, but you think rates are going to go up in the next five years to the six, 7, 8% numbers or no? Well, the problem is what they're flirting with. And what they're flirting with is, and Milton Friedman would tell you this, we've had a 40-year run of falling inflation, falling interest rates. Sure. 40 years. Normally, these- Post-carders, 18% said whatever CDs were paying 16 and a half percent.

Milton Friedman would tell you that if you've let the inflation genie out of the bottle, it's really hard to get her back in. And that's when things run off the rails, especially when we're spending money like we're drunk in sailors, the government. No, we are drunk in sailors. Yeah. Yeah. No, maybe they want that. Maybe they actually want that, if you think about it. I think that Biden thinks he might be the next FDR, which makes him delusional, because his infrastructure plan has to be put in hyperquotes. The actual infrastructure spending being proposed is less than what Obama proposed coming out of the financial crisis. And Obama are the, it's insane. It's insane. I mean, there's trillions and trillions of dollars of infrastructure spending that could put Americans to work.

I mean, according to Mr. Chomsky, they don't want that job, nor should they have to take it. So. No, hang on a minute, these are shovel ready projects that I got out there. Obama himself came out and said it didn't work. Obama himself.

When I say that, can we go to a couple other stories? I wanna do one story. I wanna do the AOL Yahoo story because there's some interesting stories behind that with Yahoo. Just a small loss. Yeah, what a story though, if you think about it.

Okay, so Verizon just sold AOL and Yahoo for $5 billion. And a new company will be known as Yahoo going forward, a business insider story. After just over five years of ownership, rice and a solace, ownership stake in Yahoo, and a lot for five billion, the telecom giant announced on Monday morning, the new company formed by AOL and Yahoo will be known, solias Yahoo and the new company owner is private equity firm,

Apollo, global management, marquee media groups, being purchased and the deal include inga jet, tech crunch, Yahoo finance, other notable products in the sale also include A.O. Dialup, Internet, Customer Base, Yahoo Mail, and Yahoo Portal homepage Verizon originally purchased A.O. back in May of 2015 for $4.4 billion in Yahoo in July for $4.83 billion Making the sale of both companies for $5 billion about a 50% overall loss. Thoughts. So I'm quite a haircut. Yes it is.

It's a huge haircut and Apollo still might be overpaying. I mean, did you see part of the deal is the A.O. Dialup? for 5 billion about a 50% overall loss. So quite a haircut. Yes it is. A huge haircut and Apollo still might be overpaying. I mean did you see part of the deal is the AOL dial up? That's okay. There's a lot of lovely things. Oh my gosh, we got this dial up. Hang on, isn't it like 1.5 million people that are still paying like $24 a month? Yeah.

I mean there is- For what, AOL dial up? Because they forgot to cancel or something. My understanding is it's 24 to 26 million dollars a month that's sitting there. Folks, if you're looking for that, you may want to go take a look at your credit card, Bill. You may still be paying 24, 9, but from 20 years ago, it just shows how the world has changed so quickly. You're talking about AOL and Yahoo.

Were they not the two biggest internet providers? Yes. Yeah. In the year two, I mean, I still got my AOL account Yahoo, were they not the two biggest internet providers? Yeah. In the year two, I still got my AOL account that I'll get to somebody if I don't want them. They were disruptors. Spaming my e-tom. It's crazy.

AOL was a network provider, and Yahoo had partnered with the R-Box, like SBC. And they were providing, so SBC was providing, you know, the DSL, early DSL to your home. What happened here, this is the fallacy of expanded product. What happened is Verizon went out and bought a bunch of media assets that they thought were going to pump through phones and do things like that. Remember Verizon tried to build a thing called Vcast as its own network, a TV network, that

would be on your phone with all this interesting content and everything, and they were going to be the cable system on your phone. What they failed content and everything, and they were gonna be, you know, they were gonna be the cable system on your phone. And what they failed to understand is they were a platform. The mobile platform was a platform, and you have media out there already, just have to figure out how to get the media on it, make a buck on it. Apple figured out 30% please for the,

we're the platform with the phone, were we gonna make stuff? No, everybody else will make stuff, but we'll take 30% of everything that comes through the tool booth. That's what Verizon should have done. That's what Sprint should have done. They were fools. And so they went out and bought all this.

Remember, Huffington Post was part of this. Yes, they were spun out of this. And they got a guy named Tim Armstrong who came here and they rebranded the whole thing. Oh, I think it was oath. You, as I recall. And they're gonna do this. It's just gonna be different.

And Tim Armstrong also said, oh, by the way, we're gonna do something else with AOL. We're gonna have do this. It's going to be different. And Tim Armstrong also said, oh, by the way, we're going to do something else with AOL. We're going to have citizen journalism. He had a name for it. Remember, it was all going to be citizen journalism that gives you local stories that are very interesting and everything. I said, I already have that. It's called Twitter.

I just hashtag Dallas. I have all kinds of citizen journalists up there. And so this is just the fallacy of this. Which is really funny about this is when GoPro hired people, I believe it was from HBO, and they said, hey, we're gonna make the GoPro media network, and we're gonna do our own media and everything. What do you have to do that? You sold millions and millions of these cameras,

all your customers are making all the media. You curate it and offer it. You're not the media company, but there is a fantasy about being the content creator, content provider that GoPro, Amverize, and had, and it was just a remarkably bad idea. And I happen to agree when I look at this and I put it through my thought in terms of private equity, I don't think Yahoo, I don't think these two companies were $2 billion. And I think set your clock.

Apollo is going to dish this off to somebody and it's going to mark down again because it's a five billion dollar write-off for Verizon. So if you want to buy Verizon, you've got potential some losses that discount the price. I just took a deep dive into private equity for my weekly and private equity sitting on one point six trillion dollars of dry powder and they can't find targets which is the same problem with back and i mean if you look at the post pandemic there was like five minutes where they could buy distressed companies and then j pal came into the bailout so their window for buying distressed closed quickly so now they're paying i'm going to be miss my warren buffet moment they're paying eleven point four

times ebit dot we've never seen multiples like this in private equity. But they can't, they have to get rid of the money. They have, I mean, and public pensions are growing. The money. Yeah, by the way, do you know what was the maximum of the high, do you know what's the highest AOL was valued at one point?

Market cap, highest ever. You know what AOL was highest ever? Say some guesses, I like guesses. What do we got? What do you think, if you're listening to this You know what A.O. was highest ever. Say some guesses, I like guesses. What do we got? What do you think? If you're listening to this, give me A.O.L. and give me Yahu.

What was Yahu worth the most at one point? What was A.O.L. worth the most at one point? Highest ever market cap. Circa 2000. What's the number? What do you think? I don't recall. Just throw a number out.

I'm not saying the morning that 250 billion. Gerald combined 250 billion or work. Combined? No, I was gonna say, yeah. A.O.L. was 250 billion Gerald combined to 50 billion or combined. No. I was gonna say all is 250 billion and Yahoo's what Same, I mean Microsoft just crossed two trillion, right? So what are you gonna say? By the way, this is five billion dollars. They bought both of them for so just keep this part of mine I it may be a hundred billion. Yeah, I'm saying a well Follow the a well markdown game starting with an AOL time order, bought by time order, I think it's the number. Just give a number.

I don't know. AOL was... This is not a test buddy. It's not like no one's failing or AOL is... Four billion? Four billion? Four billion? Way off.

AOL was a 200 billion auto company. Bags. You got it. AOL was a 200 billion auto of company. Ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding If you remember when they bought broadcast from Mark Cuban they bought broadcast from Mark Cuban on April 1st 99 you know for how much 5.6 billion dollars they bought broadcast for 5.6 billion which was a Mark Cuban company More than a well and a well and Yahoo today Which when that company sold in that time three years later they shut the company down I think 30% of the shares Cuban owned one 70% was later they shut the company down. I think 30% of the shares Cuban owned 70% was Wagner's shares and from that point on, yeah, I was like wait a minute, what just happened here?

We just bought a company, we wrote it off three years later to check one over there because one year, you know, the company grew 250% when they went public, so market wanted it, they got it. And also at the same time, if you read Ted Turner's book and you follow his history, when did his demise come? When did his fall come? Is when he did business with the time Warner AOL, that whole merger that took place. Looking back, he lost control when he was leading everything was good. The moment he had no longer had voice, he no longer had any influence. So, there are certain dealings.

You know, you do certain acquisition, certain things, workout, get certain things, don't. And we're running a record, record, run, great. Yeah, you've got two months. Speaking of expensive celebrity divorces. Which one are you talking about? Headdurr.

Yeah, well, yeah. That's another one. Well, the two points here, Warren Buffett said in his latest annual meeting, do you know what percentage of companies that are the top 20 companies in the world are still in 1995 are still in the top 20? Oh, this is the S&P migration over time. Yeah. Do you know how many?

Zero, zero. So like all these companies that were just gangsters back in 2000 are nothing now. And then- That's why we have to, we need to home grow our scientists and mathematicians because we need to come up with whatever the next generation's gonna be. If Adam has it, his weight's not gonna happen.

It's happened, we're going to space. Adam has it in the end of the month. We're gonna space. Well, it's funny is I remember being, like this was probably in early 2000s, I was senior in college and I remember asking friends, all right, who do you use as your search engine? Cause I was still using Yahoo.

And there was like 10 people in the room and everyone used Google and I was like, what do you mean, Yahoo guys? They're like, no, I don't think about that, yeah. And one engineer said like us. Yeah, and so they were all moving to Google and I was still on Yahoo. So that means that at some point,

you're gonna understand the space race thing one of these days People were interested in 1960 hang on 20% of people You think a hundred how do you know 100% were interested in school then I remember I'm an old soul. Did you hear she just did by the way your lip is bleeding she hit you pretty good there Okay, I can take it I caneday you'll understand the space room. Adam actually can't take it. See, Adam, there's the spectrum, right? So a one is two shots in a panther, right?

Two shots are to kill in a panther. And a 10 is the space race. You're just living at three. We just need you to come on down. I know I've fended your dad. This is the rocket scientist. It's okay, we'll figure things out. Watch what's gonna happen afterwards.

Guys, rest on soul. Oh, so you talking shit about my dad my dad what you're gonna see a rocket scientist fight by the way it's legit you know how they do it they actually don't fight they just blow up your office what they do time I'm at a reputation they're gonna pull out their pocket protector you know Adam's office the set is gone you are did you just say pocket protector just a whole soul he just said pocket protect. Yeah, they're just pocket protect. No, no, they would take everywhere a pocket protector.

Can you imagine how many people are listening right now who are Google ever? Ever on a pocket protector? What the hell's that? Were you ever into guys that were pocket protect? No, why not? I thought you were a sapient, a brain sapient. What's the word?

I thought you're almost at the same s-a-l-s-o-s-e-s-e-l so you never into the guys you are not okay and less than two hours later you don't even remember topic did you guys you what happened in columbia or no you guys watch any the video what's gonna come up that's not looking too good so let's read that i had a some friends from columbia said

you might cover the story so i say let's just go and talk about it what pages that on page eleven columbia um... this is the police heavy handed riot police bring wave of criticism on columbia this a bloomberg story columbia is facing a wave of critical wave of criticism from foreign governments and human rights organization over heavy handed police tactics during recent protest demonstrations erupted last week in protest against a plan by the government of a president, Ivan Duke to raise taxes, more marches are planned

by labor union Wednesdays, even though the tax proposal was withdrawn and the finance minister resigned. The UN Office for Human Rights State said in a statement that it was deeply alarmed by police opening fire on demonstrators and colleague Columbia's third just sitting on Monday. Night and this led to 20 people who have died so far in the recent days and clashes

between protesters and security forces. The police said that nearly 600 officers have been injured and that they have been repeatedly attacked with firearms, defense minister Diego Molano said that Columbia is facing a terrorist threat from organized crime gangs who are seeking to destabilize cities including Bocota, Medellin and Cali. What do you think about what's going on there? Philosophical looks like they want to make it the next Venezuelan, the people are saying

we are not up for that. We saw how that works out. We're not willing to go there. Do you think who wins in this battle? Who wins in this battle? The people or the socialists? Mi Hente, the people. Okay.

I mean, look, we have a Venezuelan and a Colombian sitting right there in our Control room in our control. Who wins, Sanvel? Who wins here? You have family in Colombia? You think the people win. Have you spoken to your family in Colombia? Yes. What are they telling you? What's happening over the? How bad is it? So basically it's over the reform of taxes. Also, it's because basically the reform is saying we're going to raise you taxes, but in a steel, the country is totally shut down because of the pandemic. So they're like, we're barely getting any food,

any money to buy food. And now you're getting us getting that money out of us. Like like how are we going to make, how are we going to survive? And what do you say, being from Venezuela and your family, you haven't left. What do you say to folks of Colombia? Keep fighting because I told his Adam before it was podcast, I honestly believe me being Venezuela and Devina as well as screw it already. I lived in Caracas before Chavez came in in and he's made a train wreck of that

country and people have to remember that columbia is has been columbia borders venus wella so columbia has a ton of in a swanland refugees so they know what the other side looks like because they're with them and there are i don't i don't think the columbia is going to stand down on this no no no i have friends in columbia too and i keep keep telling them to keep fighting because I do believe they have a chance But they cannot stop just keep pushing. That's it. Mm-hmm. Right. They have the clip the case example of what not to do literally right next door

Yeah, I mean so I mean social media wasn't a thing when Venezuela was basically taken over but now the world's Watching right we were speaking to one guaidos camp Am I saying the name correctly when Guaididos camp He was going up against Maduro We offer to want to interview Maduro. We'd come to Columbia. I wanted to sit down with them They said no, but Guaidos camp was open to it only if we conduct the interview in Colombia So the interview was in Colombia. So even they don't know that they felt safer in Colombia But imagine if Colombia goes in a direction of Venezuela, imagine what's gonna happen there.

Well, here's what they need. And in a macro sense. So they have two problems here. It's like Greece where they have these failed government policies that just is a disaster. And now they have to press the tax button, which was the austerity plan, which is the opposite of tax, you get nothing.

So you're getting tax and you're getting less as a retiree in Greece and everything blew up over there seven years ago. So first of all, they've got this tinder box that's been created by bad government policy for the people. The second thing they have is they've got a corruption element. And what they really need is similar to what happened in the Philippines 25 years ago, when Benito Aquino came back.

Unfortunately, he was assassinated, he was stepping off the plane, but Corazon Aquino and LeBon helped stabilize what was going on in the Philippines. Remember this? It was messy. It was tough. It was 10 years getting things on its feet, but there is a voice that is needed and somebody needs to rise up. I think in the days of social media, it gives candidates and people opportunity to do that because I think Columbia can survive.

But I agree that people can't stop. They got to keep, not burning things down, but they got to keep the presence of the people to put the pressure on it because they need a new leadership in the government because it's a combination of Greece and corruption altogether. But they've seen it played out and it doesn't have to end badly, but it's going to be a long walk together. But look how they're spinning it, though. Defense Minister Diego Molano said that Colombia is facing a terrorist threat from organized crime gangs who are seeking to destabilize cities, including Bogota, Medein and Kado.

So, as Sam said before we... Is there some of that? Sure. As Sam said before we came on, they there taking a page out of the united states play book that's what they're doing of course they are yet they saw what work on that let us do the same thing it's propaganda yeah you know i mean that there's something to be said for

and there's some bad stuff going on down there but for is about to elect a very leftist president on the cusp uh... in in brazil the the the the current bolson Bolsonaro was part of the military regime that existed in Brazil. He just had the head of Brazil's largest oil company stepped down and he replaced him with a military guy. So there's some bad stuff going on down in South America.

It's not good. If you're the United States, you look at this from a macro perspective. Central America's already a shit show, right? With everything, the migration, everything that's happening, coming through Mexico, showing up at our borders, the last thing we need is South America to turn even more reckless every day. Especially when they do most of their business with.

China. Oh, don't, don't, don't. Well, the good news is I think the president here Ivan Duque already asked the tax proposal and apparently the finance minister stepped down. Yes, there's a choice. We'll see. But they can. Well, let me go into the story with India. So coronavirus, how India descended into COVID-19 chaos. This is a BBC story. In January, February, the national number of daily cases fell under 20,000 from peaks of 90,000 in September of last year, Prime Minister Modi declared COVID-beaten

and all places of public gathering open. And soon, people were not adhering to the COVID safety protocols. Thanks in part to confused messaging from the top. While Modi asked people to wear masks and follow social distance and public messages he addressed a large unmasked crowds during his election campaigns and five states and a number of his ministers we're also seeing addressing large public gatherings without wearing a mask the kumma the kumma law a Hindu festival which attracts millions was also allowed to go ahead

anyways this goes into the number of India initially wanted, 300 million people vaccinated by July. But it seems the government did not do enough planning to secure vaccine supply to run the program. On top of it, it has opened a vaccination for adults without secure vaccine supply. So here's a number we're looking at. So far, only 26 million people in India

have been fully vaccinated and out of a population of 1.4 billion. And about 124 million have received the single dose. India has millions more doses on doses on order, but still far short of what it actually needs. This is what they need. The federal government needs 650 million doses to vaccinate everyone above the age of 45.

About 440 million people. There are 622 million people ages 18 to 44, and 1.2 million doses are required to vaccinate them. Catastrophic situation going on there, and here's what China did. They have pop-up crematoriums. That's a, by the way, you would talk about 400,000 people a day.

A day. A day right now, yeah. By the way, the United States has fallen down on this. Maintaining India as a key ally means that we should have been sharing. Hey, this is how you distribute vaccines. More proactive with them. I mean, we have, I mean, we've done it. We've just, we've, we've done it and we've done it successfully. It was planned beautifully. We have people in our military who can be advising the leadership in India and what have we done?

It's like there's Mr. McGoo in the White House. I didn't say that. Chinese government authorities deleted post-Machin India, I'm gonna read this and I'm gonna turn it over to Adam. Chinese government authorities deleted post-Machin India's COVID-19 tragedy after receiving backlash.

This is another business insider story. Images on social media, by the way, can you try to find this image of the pictures posted on the article? Images on social media posted by two Chinese official accounts are drawn rebuke for appearing to mock India's catastrophic battle with COVID-19 and account linked to the ruling Communist Party posted

an image on Saturday comparing this country's successful launch of its Tayan module into space where lines of burning cremation, fires, and India, the image posted by government central, political and legal affairs commissions on Weibou account was captioned, China lighting a fire versus India lighting a fire. It carried a hashtag noting India's Cronovars' case, top 100,000-day multiple other government accounts, run by the police and law enforcement agency, shared an image too. Posts were deleted after many Chinese waybrew users express anger at the

insensitivity expressed what do you think it well i think uh... china learned a few things from dealing with donald trump you know how to do a trade war and how to be a troll so this uh... the this response right here is very Trump-y of China to basically troll a very sad situation that's going on in India.

And then the only reference that I have for India is that they were actually doing a great job beating the coronavirus. And then they pulled it to Sean Jackson and basically spiked the ball to one yard line. And the game has completely changed. And now they're the poster child for basically taking your eyeiked the ball to one yard line and the game has completely changed and now they're the poster child for basically taking your eye off the ball

when it comes to COVID. This goes back to what Daniel said earlier, but an hour ago we were talking about and worse the dependency on vaccine manufacturing right now and who would be happy to sit on this side of the line and let India twist for a little while. Yep, China. Absolutely.

This is, this is, this is, this was not a dig. China's love and disordered. That's the India, this is a dig to the United States. That post was screw you and I'm not gonna help. Yeah, that's exactly how it is. Why don't you turn to your friends in the White House and see what they're going to do for you What happened if India says China we need your help

That's the only person I can give them 1.2 million doses of that exactly right Did they go begging saying hey, please help us? I mean the magnitude of this tragedy is hard to I mean How does China react to this China say no? How do you wrap your head around 400,000 people a day? How does China respond to this China say no? How do you wrap your head around 400,000 people a day? How does China respond to it though? If they come out and publicly ask. Yeah. Oh, I think that puts China in a really tough spot But but you're talking about Modi here Do you see that? I don't see that happen with Modi. I don't I would be in a tough spot if they did it publicly

Well, because it would if China didn't do it There would seem as a very you know tarant will be what do they care they're they have well talk to you about china anyway that would have no no no no no no no no the europeans are getting on the on the human rights train that they've

china's under a microscope right now they care this is the cares about human rights they care if they want to get af care if they want to get Africa. If they want to get some other nations, they have to act like they do to get into other smaller countries to have control. They have to see them magnanimous. They do.

They're already in Africa. They have major infrastructure investments that are made up for. Yes, they do. And putting these countries into the debt trap. This morning, did you see CNN's Instagram account this morning? Can you pull up that article this morning? Six reasons why young adults need to get vaccinated? I think that's what it's a six reasons why young healthy people need to get vaccinated go to the next one

Long term consequence of COVID can be quite serious for young adults Can you put the screen to go on that instead of ours? Go ahead Tom. You see the guy just skid more The first comment. Six reasons why CNN came up. I'm looking at the woman who gave birth to nine babies two more than expected. On the bottom. Yeah, I saw that as well.

So long term consequences of COVID can be. You got to hear point number six by the way. Long term consequence of COVID can be quite serious for young adults. I cannot tell you how many people have taken care of in the ER who are under 20s, 30s and 40s who are never sick enough to end up in the ER with COVID, but who now have long-lasting respiratory difficulties? Okay, fine. So long-term.

Keep going to the next one. Strong and healthy immune systems can backfire. Some young healthy patients have suffered from COVID storms that's basically when an immune system overreacts which can cause severe inflammation of the serious symptoms. When young people do succumb to COVID-19, pronounce that word for me. Cytokine storms are often a factor said Dr. Paul Offit that was really the story of the 1918 pandemic. The flu pandemic, we have U-shaped curve. It was a young and old dying for different reasons. Okay, go to the next one. This is the next third reason.

If young people don't give vaccinate, it could leave everyone vulnerable. We get that, go to the next one. Getting vaccinated will help the economy, many restaurants, bars, movie theaters, and supportive menus aren't open at full capacity, either because the COVID-19 case numbers are still too high or because not enough people have been vaccinated.

Go to the next one. So the reason why restaurants are not opening up is because of the people, not because the US government. That's what they're saying. Vaccines can save people lots of money. COVID-19 could get very expensive medical bills, lost work days, and potential for more doctors visits. If you get long term effects from COVID, okay, keep going to the next one. Getting vaccinated can up your dating game.

This is the one, okay. For those on dating scene, getting vaccinated or being open to getting it is the hottest thing you could do So Michael guy spokesperson for dating side, okay, Cupid He said users who answered yes to will you get the COVID-19 vaccine have been liked up to 25% more than those who answered no Or chose not to answer in just three months tender had a 258% increase in profile mentions of the word vaccine spokesperson Dana Balge said. So I don't know. I saw big media coverage of crowds in Daytona Beach, crowds in Miami, crowds in South

Padre Island. It doesn't look like the youth were waiting for a vaccine in the next summer to scratch the engine. I've taken two trips to Newark in the last few months. And people are really, they're like, yeah, I got over the hump today. And they're like branching. They're excited.

They're like, wow, I'm out. I'm out. I'm out. I'm having a blast. I know some millennials who are like the same way. My co-founder, my company, we're sitting at lunch, and he's like, this is my first lunch out, Danielle. And I'm like, excuse me?

So I get it. I waited two weeks after I got my second vaccine lunch and he's like, this is my first lunch out. And you know, and I'm like, excuse me, it's like, yeah, I waited two weeks after I got my second vaccine. And I'm like, congratulations. But there are some people who take it pretty seriously. It is true. So, so here's the crazy thing what happened with borrubora. We're supposed to be in borrubora for four weeks. We get letter from borrubora. Here's what did you hear about borrubora? Letter from borrubora saying, there's only two way you can come. We're taking like 150 people. There's only two way you can come. You can come only if 100% of people are vaccinated or if whoever comes is willing to quarantine two weeks

after being here to go back to the state. Even walking off the plane with a negative test, two weeks quarantine. So Maldives is open. Turks and K-Cos is open. But if you wanna go to Borobor today, you need to take a vaccine shot for them to let you in.

You need to show the color. So, you're not going to Borabora. Not our group. So, we are looking at a couple other options right now where to go. We're supposed to be there four or five weeks, so now we're looking at a couple other options. I've taken my hat off to the Bahamians. Yeah.

Borabora managed. They're doing a really, really good job. They're doing a really good job. I. They're doing a really good job. And you saw what happened with Australia, Prime Minister, saying anybody that wants to come here from India, if you travel to India, you cannot come back. We're also, it's a $50,000 fine in, what is it? How long in jail? $51,000 fine, you'll be in jail for a month, two months, maximum penalties, five years

in jail, and a $50,000 fine, if you come back, if you're an Australian citizen, you fly back from India to Australia, it's a $51,000 fine in five years in jail. That's what the Australian Prime Minister said. Scott Morrison, okay? So if you ever go to India, make sure you don't go to Australia because they're gonna put you in jail for five years. That's not a good idea. Okay, thanks.

We've had a good time with you. If you enjoy today's, yes. We have a video from Tom's. Oh, do we, is it ready? Hey Tom How you doing Tom? Let's hear what Tom's got to say Xander in the house put it off the Video here. He said By the way, it's a risk when we play we don't know what Tom's gonna say no one knows what Tom's gonna say, okay?

Could be controversial could be controversial or could just be in Xander what is on your mark? our cats involved So obviously he wanted me to preface this he left last night. He's been following the podcast and he has some very helpful advice. All right, let's see what he's got to say.

Hey, what's up everybody? Patrick Danielle Tom Adam. You got a full house in a great show. I'm watching thumbs up all the way for me. And here's the deal today on VT post.com. I'm watching, thumbs up all the way for me, and here's the deal. Today on VTPost.com, I'm going to continue some of the themes that you guys are hammering so far. Number one, Elon Musk.

How stupid is that cast of Saturday Night Live for putting up some roadblocks to him being on the show. It's going to be highly rated, but for one reason alone, they should want Elon Musk on the show. The after party, I guarantee you he will spend at least $700 million before tips on the after party. By the way, Pete Davidson is the one guy that's for Elon Musk and we'll have a story on that. Now, I'm obsessed with the bill and Melinda Gates divorce. I just can't get enough of it. Today, we're going to do a story on the House in Seattle, the sickest house in the entire universe.

Who's going to get possession of that house? We've got that story today. And here's my theory. I don't think Bill Gates is a sapio-sexual anymore. No, I think he's going to completely different route in route two. I would really see that in the video if he didn't get it in the future. And finally, Adam, this is for you. Now, I want you to think about this. Pull a Bill Gates. Go back to the ex-girlfriend.

Redew the breakup settlement. Give her the cast. Yay! Trust me, you more of any more. To get married, you have to give all the attention to your woman. Shout out to my videographer here this morning. No, Adam, I'm going to leave you with this. Shanda.

If you continue to have cats, this, I believe, is going to be the options for you for marriage. I don't think there's a chance in hell. I don't think there's a chance in hell. I don't think there's a chance in hell. Well played, Tom. And you're the four package. You can be married by the end of the weekend in South Beach. If you get rid of the cats, and they're going to have everybody else. My man, Tom, you are hilarious.

Everybody, hey, go to VT post.com and give the man a shout out and subscribe for a dollar a month for three months and then it's 399 per month after that Would that be and said take everybody Daniel? Thank you for coming out Tom. Thank you for coming out good to be here Good to be here. Thank you so much next week Thursday We're off on Tuesday because we're in Dallas, but we'll be here next week Thursday. Take care everybody. Bye bye bye bye next week Thursday. Take care everybody. Bye bye bye bye bye.