PBD Podcast - Danielle DiMartino Booth | PBD Podcast | EP 70

Episode Date: June 24, 2021

In this episode, Patrick Bet-David sits down with guests Danielle DiMartino-Booth and Adam Sosnick to talk about Newsom's announcement about California to pay off unpaid rent accrued during the pandemic, the definition of a conspiracy theory, and much more. Watch the full episode here: https://youtu.be/ouD4cnrSqeE --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

All right, so we got Trace Garrison just give a hundred dollars and he said tomorrow morning I drive to freedom a Loving floor that I never thought I would be a refugee from leftist policies. I will stock the shelves With soy if that's what it takes to get in the room with shum. I mean, that's obviously a fan of you Adam Danielis back Daniel. How are you? We've missed you the audience has missed you. Yeah, I don't believe in non-milk drinkers Okay, Danielle she's got some strong opinions. We're gonna hear it all today. We've got a lot of. First and foremost, non-milk drinkers.

Non-milk drinkers, so. Meeting soy. I made my kids all eat off the floor when they were babies. I'm like, no allergies, no celiac, no peanut, no nothing. I mean, are you actually milk person though? I do use almond milk. Sorry to disappoint some people,

but no, I don't, not regular milk, no. Not regular milk. So, all of them. There's too much sugar and uh... you know there's there's options these days we're learning a lot actually have a question for Danielle did you actually make your kids eat off the floor of course well it would mean of course built up their immune system how often does dilly boy eat off the floor first two years you don't have a choice they're gonna do it anyways

so i'm learning lessons here because I think you're so tough. How do you think your parents raised? They just throw a meat on the floor. Adam, go ahead. Eat it like a dog. Bro, creating? Hold on. So your kids, you have two twins, you've got four kids in total.

Can you throw that at four kids? Pat's about to have a fourth any minute now. Literally. Literally. Three days ago. Baby well. She was due on the 21st. Yep. Guys, if you want to raise great kids,

give them food and throw it on the floor. This is where I'm going. They do the throwing for you. You don't need to worry about that, buddy. That's going to happen no matter what. All right. Daniel's back. I cannot wait for the day where you are having your first

just to see how you react. Because you know everybody reacts to their first in a different way. Some are so overprotective. it's like it's crystal. Some are just panicking, they're worried about touching them and changing diapers. All I know is I- And some of them haven't, you know, lost sleep in decades. Oh, okay.

What's the last time you got less than eight hours of sleep? The last time I got less than eight hours? Last time we got eight hours. Yeah, this morning, because we're starting an hour and a half early. Oh my goodness. Can you imagine this? Last time this guy got less than eight hours of sleep was tonight. Last night.

Well, I was up watching Trey Young do his thing. You know, 40, 40, 40, 48 points. Ridiculous. You've got about 500 Trey Young rookie cards. I believe in the guy. I've got 70 PSA 10 rookie cards. I believe in that guy. So when you've got that many, this is basketball.

I know you're more of a football gal, but Dallas Cowboys go Cowboys. Maybe maybe. I grew up in a other fan oiler's Houston now Houston that's more and more but Pat is a big obviously believer in cards and non-duplicatable assets. It's tremendous and he's got a lot of cards and he's got this one card from his guy, Trey Young, you know who that is? Well, I guess I've heard of him. Okay, he's a, he's a, he's a number 11 point card Atlanta. He's so exciting to watch. That's the thing about, I mean talk about, I mean, when was the last time you had a Cinderella story in the NBA? We got a lot of it right now.

I mean, it was just, it was just, I mean, I just got goosebumps. Yeah, do you realize anybody that wins this year it's a Cinderella story? Anybody that, any before that wins, it's a Cinderella story. Any of that, that win, it's a Cinderella story. That makes it so much more exciting to me. I agree, this is probably the best playoff I've ever seen and there is no like ridiculous, you know,

like the face of the league type of person in the four and what do you call the final four? You don't call a final four. No, it's just a comprehensive way. Yeah, so anyways, we got a lot of stuff going on. Janet, the Ellen is pissed off. We have to say she's a little bit worried about what's gonna happen with the debt. Matter of fact, why don't we get into it? Why don't we get into it with that? So inflation, we can have some stories on inflation here, but I want to tell you what happened this week when I

spoke to Arthur Laffer. I had Arthur Lafferon and I asked him, I said, what concerns you the most, right? I said, tell me what you think about all this, all this talk about inflation. You know how prices are up, you know, lumber went up, it's back down a little bit. You know all these things that we're hearing about, you know, gas, all this other stuff. You know, home prices for the first time,

the median home prices just reached $350,000, paid seven, that hasn't happened, this is a new record that we have. So inflation is in place. That's an Arthur. How concerned are you about inflation? He says not at all. I said, why not?

He says because a leading indicator of inflation is gold. And gold has moved. Gold is the same that it's been. So I don't think inflation is an issue. What do you think about the severity or the real issue of inflation? Is it real or is it just something that's going to come and go? So one of the worst areas has been freight shipping costs,

what have you? We've seen that begin to turn. That's huge. That's going to be huge for companies to have their supply delivery times start to come down. So that's one of your sources. We've obviously seen commodities turn. I mean, commerce down today.

Every company's biggest cost item is labor. 60, 65 percent of any company in this country is labor. If you have wage inflation, you've got a problem. And if you have true wage inflation, then you're going to see it in gold, just like he said. And we don't know what true wage inflation is or is not until we refill the labor pool. And we're not there yet. You know, we've got 10 states coming off of the weekend ending their federal unemployment benefits early. We had two blue states join in the band these last few days, Louisiana, Maryland, two democratic

states who crossed the line. And we said it would be considered a blue state, why? I'm talking about their governors. Oh, gotcha, governors. Because the governor's got to sign it. I mean, the governor's got to agree. Your governor doesn't agree. Your debt and the money.

Got it. Okay. So, we've actually- The blue states are starting to come on board saying, you're not just going to sit at home and collect checks anymore, get your aspect to work. Well, I mean, the chambers of commerce, the small business coalitions, everybody's like, we need these workers.

Yeah. We absolutely need these workers. And so, I think to Laffer's point, talk to me after Labor Day. Talk to me after September the 6th when these unemployment benefits finally exhaust themselves, President Biden himself, has Miracle of War Miracle said he's not going

to re-extend them. They're just, there are too many people who are like, this was a huge fiscal backfire. We didn't need to do this. So the unemployment checks and all the multiple stimulus checks. Yes, I mean, people are making double what they would have made. And I'm not talking. Look, I understand that everybody needs a workable living wage.

I mean, I get skewered for this on Twitter. But I actually had somebody on my Twitter feed yesterday say, if we have to sacrifice US small businesses, so be it. And I was like, who said that? I was like, what? Cause I, well, I'm like, look, if we put, because 39.8% of US small businesses are still not open post pandemic. Wait, that again, 38% are not. 38.9% of US small businesses remain closed post pandemic era.

In the beginning, a lot of them, you're telling a restaurant, you can only open up 25% capacity or 50% capacity, but you're also telling them out of the other side of your mouth, if you want to get government loans through the PPP program, you've got to use 75% of the funds for employees. And you're like, as a small business owner, you're like, well, which is it? I'm not allowed to increase my employment beyond 50% capacity if I'm Joe Q restaurant owner, but 75% of the loans have to be earmarked

for labor. No, no, go. So as a result, we've got the biggest companies getting bigger and bigger and bigger because Chipotle or Bank of America or Amazon God help us, they can all afford to pay up, but they know they're paying up for a finite period of time. Meanwhile, back at the ranch, you're sticking it to small business owners who cannot compete. So you know, my how much common sense does it take to know that that's not a good strategy. I just looked at a rough now. Now I'm going to send you this story 47.3% of companies in America are from a couple days ago.

Our small business 37.3. And do we really want to wake up tomorrow and be like big box retailer monopoly America with no culture no soul. So that's the thing. Look, I started off. Now hold your horses. I started off a little little Caesar's pizza pizza pizza pizza. And but there was a starting job and I was a teenager right now teenagers are having the best summer since 2008 because they're paying teenagers 18 bucks in an hour. They're like, I can do this for three months. A sleep. Are you kidding me?

So they're taking these entry-level jobs, teenagers. And we're seeing, and that's fantastic because you know what, we need, we need a new generation of kids who understand that they need to work and not dictate the terms of employment to their employers, which we're seeing a lot of right now because employees have negotiating power because there's still so many people who are on the sidelines. So talk to me after Labor Day when all of this goes away. Is there anything you're speculating on? Will you foresee happening?

Or is it all like, I don't know until I see what happens? Well, there is a flip side of the argument. Can you go back to that please? Go back to that. I mean, please. I mean, there are 38..9 the data from the opportunity inside Thank you small business shut down pandemic nearly 40% of the day from opportunity inside shows that 38.9 small businesses were closed As of June second. Yeah, that's insane to me to be thinking about that

How okay your joe q small business. How are you competing with Amazon? You don't have a thousand dollars signing bonus You don't have a thousand dollar signing bonus. You don't. The data compiled by Small Business Marketing Service O1PLE is based on credit and debit card transactions. A business was marked as close if there was no transactions for three consecutive days, beginning March for as businesses that conducted all their transactions. That's a good way of doing it.

I mean, if you're not getting any credit cards, you're not getting any revenue, then you're not open. Yeah, so here's my question. If this is 40% 38.9, whatever, across the board, across the US, that is the United States. Okay, so in Florida, we've been open the whole time. Like, where are there any? You have to realize it.

The last year and a half, you've lived in two states with a bit of right, Texas and Florida. So you don't know any other. So my point is this, and our schools were open, so our labor pools were not as depleted because we didn't force the moms onto the sidelines. Like, like the teacher union city, Chicago, in LA, in New York. So you've got a couple of million women out of the workforce as well who are also going

to feed back into the labor pool after schools reopen in the fall. They're finally going to be able to go back to work because they're not going to be controlled effectively by teachers unions who do not advocate by the way for kids the advocate for themselves well it's not safe in the get a vaccination shut up and get in the classroom teach or find a different profession but don't hold the moms of this country hostage

but by the way just a just a crazy thing on what happened last podcast though so the last podcast two days ago whatever was to was a two's day was a Monday Monday that we did uh... we showed Colby's List tweet, okay, on why his opinions on vaccine. I want to even get into it. So Colby's List tweet, we read. We put the show. Colby's List. Colby's List. The football player, and he said what he said about vaccine. We put his tweet up on short clips, via Tim and short clips. Within a few hours, it was taken down, and the channel got a strike, clips, via Tim and short clips? Within a few hours, it was taken down

and the channel got a strike and our via Tim and short clips channel suspended for one week. Just because we read his tweet, we read his tweet, that we read his tweet and I said, my dad got the shot, my auntie got my nanny got the shot, Melva pops, we talk about the tweet, it was taken out.

It was the lesson there. Well, look, this should not be censorship USA. Come on. This is, this is. But the point is that's a little too much, but you can't even have an opinion to say, we're talking a Philhede bodybuilder. Tell me what you think about this.

We're talking with Gerard. We're talking with Tom basic conversation. So it's, I mean, we're allowed to be a self-directed nation. But by the same token, if you're an employer, you're also allowed to dictate the terms of employment. So there are two huge sides to this argument right now, but we have liberty. We can do whatever we want. If we don't want to get vaccinated, fine. We're not vaccinated. If our employer says we have to get vaccinated, and you want to keep working for them, get vaccinated. It's a pretty black and white decision.

It is a pretty black and white decision, but it doesn't seem like it's a decision that you can have an opposing argument too. That's what's a challenge right now. It seems like it's a decision that you either agree with us or you don't or else. It's not like, hey, you got a second opinion, do you want to get a, you know, first doctor is right,

and this is what you better do or else. It's a little, by the way, to be honest with you, if you think about a long term, think about the ramifications of that long term. That is a pretty annoying place to live. If you can't have an opposing idea, what a place to live. Look, can't have an opposing idea, what a place to live. Look, look, my second match is in journalism. There's something called the fourth estate.

There is something called the obligation to show both sides of the story. Or you're not journalism. Then it's just editorializing. It's just opinions. Who's doing that today, though? Who's shown both sides of the story today? Very few. Yeah. I mean, so when Bloomberg's not on, when Bloomberg TV's off the air and there's some gold silver infomercial, I've got the BBC on. Do you hear about what happened with Maca-Fee? John Maca-Fee?

Yeah, that was, I saw I'd come out live last night on Bloomberg. Can you put up his tweet? So I interviewed the guy, I don't know. Do we have a video of what happened when I interviewed the guy or no? Not really, no. If you can find it. So I interviewed John in 2016. I go to his place when when I interviewed a guy or no. Not really no. If you can find it.

So I interviewed John in 2016. I go to his place when I'm interviewing the guy. You know, you've heard the story. But yeah, that's really. Yeah, I mean, he is like, you know, your cell phone is built to spy on you. The cell phone is built to spy on everything you're doing. That's why I don't use a regular cell phone

that everybody else uses. While I'm doing the interview in the middle, the interview, a guy knocks on the door, Kai, if you just kind of go through it, is it? Just click on it, see where it is. I mean, somebody just fast-forward a little bit to see, you should see what happens.

I think it's 43 minutes. I think you're ahead of it. Go back, go back, go back, go back, go back. Okay, so can you do me if ever put your finger on that in goal? There you go, go back a little bit right there. Click on it and get the audio. Audio?

And I know the routes that people take. If I wanna get to the Ecuador from Hong Kong, the last country in the world, I'd go through it. It was Russia. You've got 50 different options. By the way, look at the gun that's going to wreck some of them. He's ready. He's got a drink. He's going to smoke in cigarettes. Russia. So, so I, you know, it's hard for me to say is a good, is it bad? I don't have all the facts, and neither do you.

And you're not. So, extremely paranoid, you've got, obviously that happens in every interview. Daniel always takes a gun out, you know, someone knocks on the door. But the guy was so paranoid. You know, as Texans. First time ever, I went to an interview where the guy who greets me, he says, Hey Patrick, thank you for coming out. Just so you know, we've got five prostitutes upstairs.

If you want to go before you start the interview. I'm like, you know what? Thank you for the offer. I appreciate that. Mighty Jenner. Yeah. Yeah. Yeah. You know, I'm like, yeah, if you want to ask the guys,

I'm like, if you want to ask the guys, Mario and Luis were over there. I'm like, you know, maybe you asked Mario and Luis and they're like, no, no, we're okay. Thank you for your hospitality. And there's like M16s, AK-47s guns literally sitting everyone like something's up with this guy. He's like a Scarface type of antivirus software guru.

It's extremely, extremely paranormal. When you get so inside the weeds and find out how to the extent to which we're being spied on, it's going to freak you out. I mean, look, I won't even get in a Volvo anymore. I'm like, oh, no, no, no, no, no, no, no, no, no, no, that's like the Chinese owner. I don't want to be like, I don't even get in a Volvo anymore. I'm like, oh, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, Remember what he was working at? He was working at some, Mac if he was an employee as a programmer at ByNASA's Institute for Space Studies from 68 to 70 for the Poly program.

And from there he went to Univac as a software designer and later to Xerox as an operating system architect. In 78 he joined computer science corporation as a software consultant. He worked for consulting for booze, Alan Hamilton, which you know who worked for booze, Alan Hamilton, from 80 to 82 and from 80 while employed at Lockheed,

Mac if he received a copy of Brain, the first computer virus for the PC and began developing software to come back combat viruses. And then it becomes what it is. He sells it for $100 million. It's now worth $10, $20 billion. He sold only for $100 million. And then he sends this tweet, put this tweet up, put this tweet up, he sends this tweet. In the tweet, he says this, this is November 30th, 2019,

says getting subtle messages from US official saying and a fact we're coming for you, McAfee, we're going to kill yourself, I've just killed you. I got a tattoo today just in case, if I suicide myself, I did and I was wagged. Check my ride on, boom. I mean, this is just a little bit weird when you see some of this stuff.

Yeah, this is not a little bit weird when you see some of this stuff. This is not a conspiracy theory. You know, this is just, here's a guy that's saying, I would never take my life. He sends a tweet, right, before go back to his last recent tweet, he sends a tweet prior to that. Go up a little bit, go up a little bit, June 16. Let me see what's his June 16. The US believes I have a hidden crypto. I wish I did, but it has dissolved through the hands of many team McAfee. Let me see what's his June 16th. The US believes I have a hidden crypto. I wish I did, but it has dissolved through the hands

of many team McAfee. Your rule is not going on. My remaining assets are all seized. My friends have operated through fear of association. I have nothing. Yet I regret nothing. Keep going up. Happy Father's Day, great.

What is it saying? I have nothing. In a democracy power is not, power is given not taken, but it is still power, love, compassion, caring here. Have to know use for it, but it is fuel for greed, hostility, jealousy, all power corrupts, take care which powers you allow democracy to wield. Look, it's a little strange. It's a little strange for him to...

But along the lines of the subject of censorship, I mean, he could be right here with us, talking about it, if he wasn't not with us anymore. Exactly, so I don't know. Look, I get the idea of trying to, like when you're a parent and you're raising kids, you want to have the right influence on your kids. And sometimes you will as a parent, try to keep a kid away from what he called it.

Your kid, because you got for bed, maybe a bad habit, it's going to be a cousin who's an addict, and you're like, listen, we don't want to go party and away from your, uh, what do you call it? Your kid, because you got forbid maybe a bad habits, maybe cousin who's an addict and you like, listen, we don't want to go party and hang out with that kid because I don't want my kid to pick up bad habits. But there is that and then there is, you can't watch that, you can't watch this, you can't read this, you can't do that. I mean, it's like, come on, buddy.

It's getting a little too much right. Yeah, one and then, and then you wonder why you, you wake up 10 years later and you're like, why is my kid so rebellious? Yeah, you know who I love to interview? I love to interview people who completely disagree with me. I love interviewing people who completely disagree with me. Well, did he agree or disagree?

He was all over the place. By the way, a lot of the stuff that he said in the interview came true. A lot of the stuff on what he said about Facebook. And that was in 16. A lot of the stuff that he said came true. At the of this stuff on what he said about Facebook, and that was in 16. A lot of the stuff that he said came true, at the time people would have called him Goukou, conspiracy theorist,

but a lot of the stuff that he said came true. Such as what? I mean, you know, the fact that keep your eyes, this whole model of ads and what Facebook, what they're doing, they're reading you, they're studying you, all they're trying to do is give analytics, all the other things. They're given to the government, That's how it's being used.

That commercial, it is so powerful. That's what. That's what. Where the guy ends up, you know, and his apartment with a, that's a pebbin in the boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom, boom,

and then he hits the privacy. Yes. And then he hits the privacy. He's like, you can't follow me any more. Oh, that is a powerful commercial. You're right. Yeah, I've, like, I started to take the extra few seconds to say, you know, I'm on a website looking for information. I'm always doing data research, always writing, do you accept all cookies? And I've started taking the time to go, no, I don't.

Yeah. Well, let me ask you, Pat, since you've literally sat down with this guy, McAfee, and he's, let's just say, had some ups and downs in his life. But over the last five years, let's qualify him. He's a very weird guy. Totally. That has to be qualified. This is not a. He's a very weird guy. Totally. That has to be qualified. This is not a, he's a very, very weird guy.

Yeah, but he's obviously a genius. I mean, he's a genius, but extremely weird. Many geniuses are eccentric. Do you know why he married his wife? Have you heard him tell the story why he married his wife? No, but was that with or without the prostitute? The prostitute.

The wife was a prostitute. Do you know why he married his wife? No. He said, he gave the best. Oh. Yeah. So he's like, okay, because of that I decided, and that's what he says in the documentary. So we have to know that this is a very, very strange guy.

But go ahead. No, here's my question to you. Over the last, I'm not talking about all the great things he did in his 30s and 40s in the genius. I'm talking about when there's smoke, there's fire. Just look at his resume over the last five years or so. Since you've done this interview, right? So number one, he died in a Spanish jail in Spain,

year-old stomping grounds, where he was extradited to face federal charges. So number one, he wasn't even in America. I think when you interviewed him, where was even living in that? National tennis, two hours of set-and-a-nation. But wasn't he living in South America? He was all over the place.

He was all over the place. He skipped pay and taxes apparently from 2014 to 2018. So seven years ago, he was involved in this pump and dump scheme with crypto that only made him a couple million dollars. When you're worth over a hundred million dollars and now you're trying to like do a pump and dump scheme to make a couple million bucks. Yeah, exactly. So when you were there worth 100 million,

if not more, and now you're scheming and plotting to make a couple million, that's a telltale sign. Like things aren't working out. It's not, no, financially he's not. Like you're trying. Paranoid is not cheap lifestyle. If you're everywhere, and if you've got bodyguards around you and all this ammunition.

To the points of skit, so he's a little bit on that side. So my question is, are you surprised by this? It's obviously unfortunate. It's surprising that he tweets, I would never whack myself. Surprise that he's at age 75 found dead of suicide. I'm surprised by that. I'm surprised by that because, you know, if you were ever going to take your life, you've done so much drugs that at any point you could have when you're on drugs.

You don't think reasonably. You're like, okay, it's not worth you. So he's had plenty of chances to take his own life. Now he's in jail. Has he ever been in jail before like this? He had arrested one time because he was accused of killing his neighbor for feeding his dogs with poison and his dog died and he found his dog dead in the back because of dog with bark.

And the neighbor who retired was a millionaire. So do judge. I just want to retire. And he throws the meat over his dog. He eats a dice. He comes and kills the guy. So Maccafee ends up running their chasing him. They get so he's done. That's when he was in South America. He's at some uh, he look, rest in peace, John Maccafee. I think whether, whether you want to take the good, the bad, the ugly, he was an eccentric character that definitely influenced a lot of people. And it's just a sad ending to a pretty, you know, inspiring entrepreneur type story just with a very sad end.

What percentage of conspiracy theories end up being true? Oh gosh. That's an interesting question. What, you have to realize, all this alien stuff we're talking about right now, like it's normal, try doing that 20 years ago. Try, try doing that 10 years ago. All this stuff that we're talking about aliens today, try doing that 10 years ago. All this stuff about JFK, everybody was, you know, okay, okay, wait, I haven't had a pain on that. The conspiracy theory in this country, the conspiracy theorists in this country are toxic. I mean, I just, I gotta lay that out there.

But part of the reason conspiracies are so hot and prevalent is because of what we were talking about censorship. If you don't get both sides of the story, you're gonna start making stuff up. And you're gonna believe whatever you're told about the other side of the story. And that's what a conspiracy theory is. So what is a conspiracy theory? What is a conspiracy theory to you? The fine conspiracy theory? What's a conspiracy theory to you? The fine conspiracy theory.

It is a mistruth that populates. So what's the difference between a conspiracy theory and an opinion? The difference, well, a conspiracy theory is meant to influence your thinking. Your opinion is just meant to reflect. It's a definition. One is meant to influence other people's thinking and the other is a reflection of your own thinking, your opinion. That meant to reflect. Pull up the definition. One is meant to influence other people's thinking,

and the other is a reflection of your own thinking. Your opinion, that's a personal thing. Yeah, but your opinion you share with others, that's a form of trying to influence another person, right? So go definition of conspiracy theory. Prior to social media. You just put conspiracy theory. And then go pull up opinion.

Let's see what it is. I believe that some secret but influential organization is responsible for an event or phenomenon. So you don't, that's QAnon, that's QAnon in a... But I don't think that's QAnon. But that's not, you can't say that. But you can't say that.

I don't even know what QAnon is. You can't say that. Somebody could say that, if you say, that's Fox News, that CNN, CNN said Russia was a real thing. For three years, and you come out of the dust years on the other side. That was it, would you qualify that as a conspiracy theory? No, but I don't think most people think CNN

or Fox are news channels. So people are. So you'd be surprised, what are you talking about? We may not, we may not. Do you look at CNN and Fox as a propaganda machine? I look at CNN and Fox as having agendas. And that's not news. Okay, I do too.

So what is news to you? Truly both sides of the story. Telling both sides of the story. It's what the New York Times used to be. It's what the Wall Street Journal used to be. So you still don't put WSK as news today. WSK has become a little bit more left leaning than you would think.

But again, my gauge is pure and simple. If you're going to put Joe Q out there in his opinion, you're going to say, but this person maintains that, dot, dot, dot. You have to give both sides, or it's not news, then it's opinion. A belief that some covert but influential organization is responsible for circumstance or event. How do you not believe that? I mean, that's a very realistic thing

that has been happening for centuries. That's nothing. Type in opinion definition, Kai. Opinion definition. Definition of opinion. No, no, no, no, keep this, keep this, go to a new link. Go to complete the... The conspiracy theories are why John McAfee went nuts.

I totally agree with you. I totally agree with you. By the way, youAfee went nuts. I told agree with you I told agree with you You start believing it when I sat down with Alex Jones and we talked I'm like what are you doing? I say you you just you know feeding some stuff that's a little too much and you doing it over and over again So a view or judgment formed about something not necessarily based on fact or knowledge which all of us have them right? We all have opinions right, but so so now what we what we categorically figured out based on what our knowledge which all of us have them. We all have opinions, right? But so now what we categorically figured out based on what our friends at Google say is a conspiracy theory is when somebody believes

that a powerful organization or institution is covering something up. Yeah, cute one. Which is obviously never an Apple board. That is the ultimate conspiracy theory. I mean, I have friends who mean it's not real, mean Q-N-N doesn. I mean, I have friends. Me and it's not real. Me and Q, none doesn't exist.

Yeah, but I have friends who have gone round. You're saying Q, none doesn't exist. Round the band. Correct. Oh, okay, yeah. Well, I hope it doesn't exist. I mean, aren't they? No, I hope it.

Well, me and all my Democrat friends, we all just, you know, eat baby blood and I don't know. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, and that's what we do on the weekend. And that's the thing. If you frame a conspiracy theory as being me and all my democratic friends, then you give credence to it.

You can't be not dead now, you buddy. You cannot be that nice. You do credence. Well, you know that was a joke, guys. I'm, of course, hello, I'm talking about it. Of course, no, you're making a joke, but it's also that undermines the fact that there may be some credence to a story that's being told.

I'm not saying it is or not. That's not what I'm saying. By the way, that whole story, it's a crazy story. But guess what? There's a group of people that believe some powerful people maybe doing something like that. So what are you going to do? So do you just sit there and you say, I don't know about that. I don't know. We shouldn't look into it. So what is, what is, what is journalism? So let's just say I'm a journalist. I work at CNN Fox NBC ABC CBS whatever it is and the story pops on my table say Here's a note. I just want you to look into this

Here's what's potentially taking place at this Catholic church. Should I look into it or no? It's a conspiracy theory because Catholic church is a very powerful Institution organization that's been hiding something for a while. I shouldn't look into it Did you not see the movie with what was the guy's name? The Da Vinci Code. Not the Da Vinci Code. The other guy that was recently done a couple of years ago. What is a guy's name that was played the founder? He was the, what is the guy's name that played founder Ray Crocs guy?

Oh, Michael Keaton. He played for the news magazine. Yes, yes, yes. What was it called? It's a great movie, by the way. Rachel McCatum himself and they're trying to kind of figure out the cover up. And they found all these, should we not look it up? Should we not hold the government up? Should we not look up so much?

This goes back to your initial question. What percentage of conspiracy theories are actually true? Did you have a number that you had in mind? It's probably a very small percentage. Less than 10%. That's why we look back and we go, wow, what would in Bernstein, all the president's men, Aaron Brockovich, that's investigative journalism because they got both sides of the story and they didn't stop digging until

they got to the truth. But when you're getting both sides of the story. We're not. Okay, that's the problem. So what happens if we're not getting both sides of the story, what that makes it is everything becomes conspiracy theory, unless if both sides are willing to do some digging. But we're not willing to do the digging because God forbid it's true. Look at Hollywood. Who were they afraid of digging for the longest time? Who was Hollywood afraid of digging for the longest time? Who were they? Who were they afraid of? Oh my gosh. We all know what's going on with guys. We can't

say anything. Harvey, why aren't you? Yeah, you can say anything. You can say anything. Yeah. There's still another guy that's up to the people in people are afraid of saying things. You can say anything. Yeah. There's still another guy that's up to the end of the pandemic. And people are afraid of saying things. You know, I had a guy who was a extremely good looking guy. Okay. Who worked at Bally's with me, extremely good looking guy. He had the green eyes. He was six three. He had that little rougher on the edges personality. He was doing movies. We did a couple things together. No, not like Adam. No, he had a different personality.

Hey, that guy Adams not not rough around the edges. Adam's actually sweet. And now it was like a tough guy. No, no, he's got the look, but he's not a, he's not a, he's not a, yeah. So Sean, Sean, this guy, let's call him Sean, his name is Sean. That's for dead, his name is Sean. He says to me, he says to me, he says to me, he says,

I said, so how come you didn't pursue Hollywood? He said, I don't want to talk about it. to me, he says to me, he says, I said, so how come you didn't personal Hollywood? He said, I don't want to talk about it. I said, tell me how come you didn't personal Hollywood? He says, because you're in Hollywood at the time. You're saying, you're in Hollywood. I'm trying, you know, anyways. So he says, let me take what happened to me. He said, this is what I said. No, he says, one day I'm invited to a party with David, what is the David something? What is the big producer, big Hollywood name? Is it Giffin? Is it David? Some David Giffin.

Anyway, someone like that. He says, I'm invited to this party. Now, he tells me the story, he says, I'm at the party, I get invited upstairs with a friend of mine. And he says, come upstairs and they go upstairs. And when they go upstairs, he says, I've been watching you.

That was great, awesome. I'm thinking about putting you guys in a movie. It's like, great, I'm finally being found. He says, I've been watching you. God, it's great, awesome. I'm thinking about putting you guys in a movie. And he's like, great, I'm finally being found. He says, I'm at my prime. I'm like 22, 23. He says, before we do anything, I want to see you guys kiss each other. Oh, okay.

And two dudes. Two dudes. I want to see you kiss each other. So the other guy is his best friend. He's like, listen bro, I'm willing to do the view. What? What? Best friends here, bro. Good brothers. Let's take it to our great. And my friend was a tough guy. Listen bro, I'm willing to do the view

Take it to our great and my friend was a tough guy says hell no you how do you mind? He says come on. He says now I'm out of here. He says from dad He says my friend stayed in the room I left the party my friend ended up having a career in Hollywood nothing ever happened to me, okay? What happened with the friend? I would like, I've been having a friend. I have no idea what happened to the friend. But I'm not gonna say names, we're done, I'm just giving first name on one of them. But this took off, so here's a story, okay.

Now, let's put everything there. Was I there? No. Could that be an absolute lie? Yes. Could it be a story made up, 100%. But if that story's told by 200 other men, I think we ought to give a little credibility to something that's going on there

So all I'm saying is you know to to categorize there there are certain Wars that are being thrown around right now. Hey Bitcoin is a scam. No, it's not it is a tool right hey Such and such is a scam for I used to to sell life insurance, right? Insurance is scam, they never pay up. Who says they never pay up? Well, you have to go read up to see if they never pay up. The truth is, yes, many insurance companies, PNC, didn't pay up. They will spend so much money to not pay what? The claim, there's a business to not paying a claim.

On the PNC, sir. Do you know, the life insurance site, there's a, no, not on life insurance site. However, check this out out i had a friend of mine that uh... had a quarter million dollar policy he died when he died they investigated they never paid on the policy when it came back they said the uh... the autopsy the the testing that they did they spent six months investigating this

they found out that the urine was used was his brothers he was a smoker he uses brothers urine. They never paid on the policy because he used somebody else's urine to come out preferred versus a smoker. On the origination of the policy. On the origination of the policy because that's fraud. So in contestability clause, they never paid it. I get it.

Do you know how much insurance? I only did it die within two years. He died within two years. Oh, so the two-year contestability part. I totally get it. Check this out. Do you know how much insurance is right now claims that have not been taken and Not have been called to insurance carriers

Meaning someone died they had coverage but no one knew about it and that money is still with the insurance policy 22 Give her $2 billion 22 billion hasn't sitting there sitting there That's they just needed that certificate to get a half a million to get a million to get a quarter My so look so somebody well, insurance companies this, no, there is the part that they fight claims, but the conspiracy side, everything today, if you say something, somebody disagrees with you,

it's this, that's what I mean by the consp- I'm not talking about the guys that spout stuff over and over and over against it, dude. Chill out, relax a little bit, right? Don't just take everything as 100% the way I see it is, you give me a claim, I say, relax a little bit, right? Don't just take everything as 100% the way I see it is, you give me a claim, I say, you know what, I don't know. Let's look it up.

What do you think? What do you think? What do you think, and we kinda go through it. So, I don't know what happened here with our friend, John. It just sounds a little too fishy, man. That's all it is. Oh, god, this is like, this is like, Epstein. Yeah, that's exactly what I'm thinking.

Now, this is a little too... Let me bring you a different perspective here. You know, we talk about the pros and cons of social media, you know, what social, I mean, we're in the digital social media business. It's good. Like, the fact that we're all just able to sit here on a podcast and give our opinions and obviously there's some credits and credibility

and we're talking about... Yeah, but you're not talking about... ...what they're gonna do with this footage right now. What? To share, yes. But the reverse ended it, speaking of conspiracy theories is, and you talked about opinions is now everyone can just get on their phone and give you their opinion. And, you know, the cats out the bag, like anyone could say anything and anything can go down any rabbit ahold at this point. You know, you could be a person with one follower and just start

tweeting stuff and someone else sees it. Next thing, you know, I heard a guy say, it's a slippery slope out there for the conspiracy theorists. And by the way, you're hiding behind it. Everyone's got power. By the way, you're not yourself. You're hiding behind the veil of anonymity and you can start some stuff.

And you would never say these things to people to their faces. Oh my God. And by the way, you know what's a scary thing about going down the rabbit hole of conspiracy? I have family members who will tell me, no, this is happening. Look at, no, this is happening. No, this is happening. I am naturally so flip and skeptical.

Okay. I'm so skeptical with everything that that's why I'm a technically, I want to find that. I want to do research. Tell me really, that really happened. I don't know about that. I don't believe that. I want to verify, right? There are people who want to believe 100% of things

that agrees with their base meaning. So, your enemy, and she tells me a bad thing about you, whether it's true or not, I want to believe it because it makes me say that you are really a bad person. It's affirming Patrick's bias. That's a problem. We have a lot of that in American both sides. We posted something on Value Taim in Instagram the other day.

It was a picture. It was basically everyone getting in line and you had two options. And one was the line for the uncomfortable truth. And the other line was for fantasy land. And like 100 people were in line. Yeah for confirmation And nobody wanted uncomfortable truth. Yeah, you probably could pull that up on you know what happened with it on our Instagram Is that the one the what what was just a picture of an image what a told a big story, huh? He posted a picture of Albert Einstein on Instagram. They took it down. They said this is not good

What was this? They said it wasn't true. You know how they would censor, especially like false COVID claims, stuff like that. They did that for the Albert Einstein quote that said, like, if you judge a fish based on how it can climb a tree, that that was the post where they were kind of giving. So what's on true about that? I guess either it wasn't his quote or so. So Einstein didn't say it. That's what the quote police. So now they're on the litter, you know, literacy, literary, Lincoln, Lincoln one said, don't believe everything you read

on the internet. I can say that. I don't know if you guys know that. That's a very fact. It's true. It's true. By the way, YouTube, we're joking. We're joking. This is a joke. We're just joking. There was no twilight. It's not serious. Lincoln did not tweet. We're just joking. There was no twilight when we were alive. It's not serious fun. Lincoln did not tweet. Whoever's sitting there just watching what we're doing. Look, look, look. Okay, so I'm a clinically hyperactive person. Okay, and this is decaf.

Just put that out there. You do not want to see me on caffeine. I took two and a half years out of my life to write a book because the conspiracy theories about the Federal Reserve were so wrong, but at the same time it was an even worse organization than the conspiracy theorist made it out to be. I'm like no, no, no, no, no, you got this all wrong. So that's how deeply I feel fed up. That's how deeply I feel about debunking conspiracies is that you get a clinically hyperactive

person to spend two and a half years documenting mainly I love that mainly how dangerous a lot of the Amazon So people can see the picture so we're talking about Janet Yellen being a dangerous person tell me why and Well, she she would go up in front of Congress and she would say I really didn't understand all that off-balance sheet I didn't understand what what led up to the financial crisis. I didn't understand what was happening on bank balance sheets And I'm like this is the woman was, that's our new treasury secretary. Seriously, when we're, when we're at 28.5 trillion in debt, by the way, I saw Sam yesterday and Sam's like, what is it? 24, 25.

I said, Sam, where have you been for the last $5 trillion in national debt? He's like, oh, I missed it. And I'm like, Sam. Oh, that was good. Sounds good. I pulled up the national debt clock and he's like, you're right. It's almost 28.5 trillion. And I'm like, oh, I missed it, and I'm like, Sam. Oh, that was good. I pulled up the national debt clock, and he's like, you're right, it's almost 28.5 billion. And I'm like, yeah.

So what's going on with July 31st? So we have a debt ceiling coming up. So the nation has an agreed upon limit in terms of as much as we can borrow, as many treasury bills, notes, bonds, as we can sell. And once you hit the debt ceiling, borrow as many Treasury bills, notes, bonds as we can sell. And once you hit the debt ceiling and they negotiated this July of 2019, once they hit the debt ceiling, which is July 31, 2021, the Treasury can't sell anything else.

No more issuing debt. So you have to live off of what you have in your checking count, basically, plus what's coming into the into the into the government revenues, until the Democrats and the Republicans get together and agree upon what Republicans are saying right now is big spending cuts. Now, Adam, our Democrats going to agree to big spending cuts. That doesn't seem to be their agenda. Here's your friend Janet Yellen right here. Treasury Secretary Janet Yellen warns of

Absolutely catastrophic hit to the economic recovery this summer if US can't pay It's bills on time. I mean in today. That's a good picture of Janet Yellen. She looks good. See the picture She looks like Mrs. McGoo who's scared anyways Good pick Come here Adam yeah Finish your cereal Anyways, um, good pick. Okay, but I understood that. Who does somebody come here, Adam? Yeah, no, that's not finished. You're serial. I put it on the floor for you.

Eat up. Worst comes to work. Some strong protein. It's like in 2011. The the debt of the country was downgraded. Stock market went down 17%. Can you tell me what it would feel like today at the stock market went down 17%. The 10 year bond yield felt a hundred basis a

full percentage point can you imagine waking up tomorrow being like the 10-year yield is 0.47 what excuse me but that's what happened in 2011 because the debt fight was so contentious the Republicans were so pissed off about Obamacare so so mad they had just won the midterms and right now McConnell's like I got mine the prize get out of here let me tell you it's going to get very ugly it's going to get very ugly very ugly because they're not going to grow so 731 there's a how long you think it's going to take till they come up with a well so I did the math because what we published on this yesterday it looks like the government has enough money to run probably through September 20 look Congress the House of Representatives

after it leaves for the July 4th break, it's in session nine days after that in the month of July before it leaves for August, the whole month, the first day after July 31st, that there can be a vote. You just got the chills. You just got the chills? You just set the chills? I just got the chills. The first time that there can be a vote after July 31st, which is when the debt limits is hit,

is set to September 20th after 6.30 PM. Wait, wait, wait, wait, wait, wait. Do me a favor, go back for a sec. So break that down if I'm a small business. Walk, give it to me as if I'm a small business. July 31st, I no longer have money. I have no- I can no longer get any more debt.

I can't do it. So now what if I'm a small business? Uncle Sam goes to the bank and they're like, sorry, you're cut off. That's it. And I have only enough cash and reserves to last two months. Well, by then, the Treasury checking account

by then should be down to about $400 billion, $425 million. Which is enough. Well, we're running at about $50 billion a week right now, is our burn rate. That's nothing. Well, it does not last long. And then, if you go back to 2011, go back to jazz and 13th, then you start to close non-essential government agencies. I mean, we forget

this miscellaneous clothes. And then you start furlowing government employees. I love this. Well, this happened in 2017 when the infamous Chuck Schumer and Nancy Pelosi meeting with Trump in the office. And they're going to blame it on you. He's like, I don't care. Blame it on me. They shut it down. Let me ask you guys a question. Exactly.

People, by the way, 66% of senators in this country are over the age of 60. Yeah, there are. And they're 15% of the population. 66% over 60. Over the age of 60 in the Senate. We are as a nation, demographically speaking, our young are not represented. You know, you know why I love this? Let me qualify why I love this and I want to hear your thoughts and questions.

You know why I love this? Let me tell you why I love this. Because it's forcing the two sides to get into a room and chop it up. Your force to negotiate. McConnell has a choice. McConnell said of 2011 because they've all been around forever, right? You had to dust these people off. They're so old. But McConnell said of 2011 because they've all been around forever, right? You had to dust these people off their sold.

But McConnell said of 2007, some of my colleagues in the GOP thought that the debt ceiling standoff, that they should have shot the hostage. He said, no, no, no. What we learned is that it's best to collect the ransom. This is the man who's going to be negotiating with the Democrats. He's not a guy you want to negotiate with.

And all he wants to do is use this as a platform for the midterms. Okay, guess anybody, either of you guys, how many houses, how many seats in the House of Representatives are needed to flip the Senate back red? How many seats? How many seats say the question again? Senate? Senator Howell. What is the House of Representatives? What is the Democratic majority? Oh, it's less than 12, I want to say at this point. What is the House of Representatives? What is the Democratic majority taking out? Oh, it's less than 12, I wanna say at this point.

Wait, you're saying one? I thought it's like seven or nine. What is it? Five? Okay. Five. Well, it was a big number just a while back. So it's now five. Because. That's not a big number though.

No, no, this is the most razor thin majority in the past century. Wow. That's how little work McConnell has to do. They just need one. What? That's crazy. Hi.

This is like, you know, this is impressive. But I mean, and they need one. Obviously, and Joe Manchin is like a faux Republican at this point. By the way, who wrote the $1.2 trillion infrastructure bill? Wrote it. Why doesn't he run, though? Joe Manchin. Joe Manchin, he run.

What? As a president? Why doesn't the guy like that run? Yeah, it's a question. And see, that's the thing. The question I know. That's the thing. For all these conspiracy theories, the fact that Joe Manchin is the most powerful politician.

Man, the person of your time magazine. In the biggest super economy in the world until China catches up, he's the most powerful person in the country. And what does that say to you? It says that the country is not full of conspiracy theorists. It's that the moderates don't have a voice. But Joe Manchin is the poster child for Democrats

and Republicans, because he's straight down the middle, ooh, down the middle, I've heard that somewhere. Ooh. So, um, so. There's a show on YouTube, down the middle. Oh, down the middle. I've heard that somewhere. Oh, so There's a show on YouTube down the middle with the Martino booth. There. I don't know if you guys have heard about it Yeah, but that's why he's so powerful because but he wrote the infrastructure bill. I love it He wrote it personally and by the way back in 2011 another little parallel the spending cuts that they finally agreed upon That was just clawing back money from funds that had not been spent.

That's what this infrastructure bill is. It's like $589 billion plus in order to get to 1.2 trillion. They're clawing back funds that were COVID relief programs that weren't spent. Yeah. So that's why the Democrats are losing their minds. They're like, no, no, no, we want fresh debt. And J. Powell sit over at the Eccles building

and the Federal Reserve going, wait a minute, I need to buy, I need stuff to buy here. Well, let me ask you this. I need to see if there is any law that can amend the 731. Is there anybody that can come up all of a sudden, there's this one law and rule that we have that they can come out and say, no,

we can extend it for another three months or six months or nine months? Well, it actually already has been, okay guys, just bear with me for two seconds. I'm getting in the weeds here. can extend it for another three months or six months or nine months. Well, it actually already has been. Okay, guys, just bear with me for two seconds. I'm getting in the weeds here. Come forward. The law dictates. By the way, if you're watching us, you're enjoying this, smash the thumbs up if you're

enjoying what Danielle has to do to help us with the algorithms and subscribe to the channels. Go ahead, continue. And take notes. So the law says that the Uncle Sam's checking account, which is held at the Federal Reserve, needs to be back to the balance that it was in July of 2019 when the agreement was made. So, you've got to run the money down because you're not allowed to go into the fight with extra padding in your checking account.

You have to bring it back down to $1,230 billion, which is where it was July of 2019. Manuchin. Steve. Thinking that there would be all of this funding to spend ran up the balance to $1.8 trillion. So it's just now, it's $600 billion today. So it's been run down. But Janet Yellen is technically going into this fight with three and a half times the ammunition of what the law allows. But it's because of Trump

overspending that she's got this cushion. Oh the irony. Wow. So Trump helped you help yelling out. Yes, absolutely. That's hilarious But but there's but that's okay. McConnell. He's he's like I'm fine. 50 bill a week Is what what are rent burn ready. That's our average sense. Eight. 400 billion, which is what we have. Tax payments and all that. Yeah.

So 400 billion. So that means so, let's just say if McConnell's gonna negotiate, McConnell doesn't want to negotiate for a speak of August. Not the second week of August, not the fourth week of August. McConnell wasn't negotiate. No, Congress is not in session in August. Congress is closed. They're all in a row.

So it's no matter what, September. September the 20th at 6.30 PM is the first time that a vote can come to the floor of the House of Representatives. That is the congressional calendar. It's not going to be pretty. And that was why the summer of 2011 was a shit show. So give us a good, sorry.

Oh my God. Give us the good, bad ugly. Give us here's what ugly looks like. This is what could happen. oh my God, give us the good bad ugly. Give us, here's what ugly looks like. This is what could happen. Here's what's the good that can look like. They can come in. They can agree. They can get out. Give us a good bad ugly. The Democrats can agree to all these spending cuts. Okay. Cut out the fat, which is not something. They're not their own program. Somebody said $6 trillion in social spending. Get that everything. Bye-bye. Yeah. Your entire agenda, goodbye.

So that way they kiss goodbye at the midterms, or there are publicans can hold their ground, and Democrats still kiss goodbye at the midterms. But they're not- So best case scenario, they're losing midterms, best case. If, let's put it this way, in a, I always look at, there's a website, media something where you actually can put the source that you're looking at, and they put it on a spectrum of left-leaning, right-leaning, whether it's an organization, a publication, a newspaper, CNN, whatever. So you put CNN up there, and it's going to go way left.

You put newsmax up there, It's going to go way right. So I checked out the publication and it was smacked up in the middle. Okay. Pull it up. And it's like media bias, something, something. But I chit, so the publication's right smack in the middle moderate and it was like the Republicans have this midterm to lose. It is theirs to lose because of the razor-thin majority of the Democrats.

I mean, a monkey could swing i mean a monkey could swing five monkey could swing five seats in the house image but called might be that monkey again he's already said i'm not a turtle he's already said that the debt ceiling fights not a hostage is it you're not going to shoot the host is at the website all sides dot com or no it's like media bias fact check. Google media bias fact check.

Bias fact check. Bias fact check. Now go put CNN on it. Just for fun. So you put search. Yep, CNN. Left bias. What do you see it? Left bias. What do you see it?

Left bias. These media sources are moderately strongly biased towards liberal causes through story selection and they tell you how good their fact checking is. Oh. Whether or not they're making it. You need a bias fact check. And then you can put news, newsmax up there. See what-

Complete opposite side. Newsmax. Questionable course. Questionable course. It's a complete opposite side. Newsmax. Questionable course. Questionable course. One of the more following extreme bias. Extreme bias. Consistent promotion. Put Fox News up there.

See Fox is gonna be, Fox is gonna be right. Newsmax was too extreme. Right bias. Right bias. Martyr to strongly bias towards conservative. How about media matters? Type in media matters. Never heard of it. Media, not media, media. Yeah, media matters? Type in media matters. Never heard of it. Media, not media.

Media. Media matters. Oh, Kai, from Norway. Left buys. All right, guys. It's a great resource. It's a great resource. It's a great resource.

It's a great resource. It's a great resource. It's a great resource. Oh my gosh. It's going to be off the Richter scale. But I'm curious in what it says. Right center. Right center.

There you go. Right center. So they are considered to be more moderate, a more moderate, more... That's exactly it. Yeah, I put up this little channel called value-taming. Let's see where they're at on this. Maybe they get a... That's going to be like off the right.

No way. We're in the right and the middle, baby. No, we have you here as balanced. We're exactly. We're fair and bad. Look at that. There's a million different... Put the key word yes.

All I get is facts in truth. To say yet. Facts in truth. There's a million different. Put the kids. Yeah. And it's facts and truth. Not to say yet. Facts and truth. Let me let me let me circle back here. We're getting a little. But all I'm saying is this, this is something to bookmark. And put the link below in the comment section. Chad is good. Meeting. But Danny, let me ask you a question.

When you read something or you see something, go check the source. Let's see. Go see what their agenda is. Let's get back to. Anyways, let's get back to helping our helping our fellow men and woman out there. Okay, we got a little wonky here with the dates and the times and the and the debates and what might happen. Yeah. Little too much for you. No, no, no, I'm just saying.

We hear this. Everyone are stressed to sky out. We're supposed to be fun for this. We should be fun. It should be. I had a new spot. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be.

This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be.

This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. This is supposed to be. sky or not go ahead the debt ceiling and we're running out of money and every

year it's like this hostage situation the government is gonna take over on half way through okay but every year it's the same it's yeah they figured it out you know it's kind of like a superhero movie it's a is the world and I know they save the world oh my god is this gonna have they figured it out so like what's gonna be different this time even when the government shut down in 2017 the only people that are affected were the government employees That basically didn't get to pay checks and then they got caught up We didn't even know the world.

How do you think I'm so charming? Oh my god, where are we going to do? This is great. You're going to figure it out. Hey, hey buddy, this is great news. You know why? Here's let me simplify it for you. Please do. It's as if you got it's as if you got a credit card that's 10 grand

and you're at $9,600. Okay. And you got $400 left. That's phenomenal. Stop overspending. I agree. I love that. I love that.

I love that. I love that. I love that. I love that. I love that. I love that. I love that. I love that.

I love that. I love that. I love that. I love that. I love that. I love that. You know what it says? It says, no, you know what it says? It doesn't say it's under the world. It says, change your habits. Change your spending habits. That's all it is to me. This is you, Sausthox money. You do your, your principles that you talk about. Of course. That's helped you go from zero in cash,

sleeping on your friends bed and collar out how much money do you have at the time? I was broke. You were broke. You were broke. Did you have a cat? No cat. You were a cash millionaire now.

Yes. Why are you cash millionaire today? Because what did you change were, did you have a cat? You're a cash millionaire now. Yes, why are you cash millionaire today? Because what did you change? What did you change? Well, income and cash flow, but I also expenditures and saving and investing. And I don't tell folks in Democratic Party to spot the sub-smart and money. I will.

This is all this is. Good. Now we're talking. The whole point with this is what I love. I love that there's a credit love. I love that there's a credit limit. I love that there's a limit. That's the best. That's actually the real world. That's freaking sick. Now we're talking. That's the part. You don't call you. You don't say you don't want to limit is infinity. That's not how master cardin visa operates. No.

Infinity. You never make a payment. So This is what I want last week last week I'm on a bunch of art. I'm buying stuff at the new house, right? Conservative, but we're two dog people in one cat. Yeah, so we're Sam I cat I got like But but the point last week. Yeah, so we're buying all this art, right? So, gender-referred. Sick art, by the way. Yeah, I don't count, dude.

I can't wait to do. Main one showed up today. The main one showed up this morning. I can, the best of brain watch. I can't wait for that. By the way, to everybody that send the request, the different people from a street artist, graffiti artist, I took all your recommendation.

I looked them up, I'm following a lot of those guys, and I got some cool stuff going I mean I might have a fifth kid if my husband would allow me to like nest and buy art. Wow Well, Jennifer's like listen the arts on you. I just need to make sure every Jennifer's more the systematic one So anyway, mr. Booth Daniels husband who died of his first name. He's not he's not having a fifth kid. Okay. I was gonna say you just you just admitted You might have a fifth Well, we know where that kid's getting fed food on the floor, buddy. Get down this up when you gotta be talking Here's a point. Let's sir one of the credit cards. We're spending the guy says your card didn't go through

I'm laughing because so funny when a guy's like you sure you The credit card limit has a limit so me as a, have to pay it off and come back and say, let me spend some more. That's how the real world works. Our government has to pay off their flip and death. We can hear it. Well, when we've been sitting here, it's like a couple billion. But you know what's crazy.

Here's what's great. Here's what it should give the American people a stroke because we're paying the damn bill. It's kind of like this. Let me put it to this way. Debt per capita. Debt per taxpayer, 226 out debt per taxpayer. I'm gonna give you the best example here. Here's the best analogy.

You rate this analogy zero or the 10, okay? Imagine you have a credit card. Imagine you as the parent are working hard to make the money. You are bust in your ass, except the credit card is in the hands of your kids That's what happened with us government We're the ones working to pay off the dead and the credit card is in the hands of our politicians There's a kid's a kid's these people out there's like, ah, let's buy another one point a trillion dollars Ah, you know, spend another cut off. That's the point off. Let's cut these kids off. I agree enough

You got off. Let's cut these kids off. I agree. It's enough. Cut off. That's why you're gosh. Two thirds are over the age of 60. So there are kids that have spending bad spending have in front of her.

This is too much. 50 years of it is people have been in Congress. And there's still, this bad behavior's got to end up. By the way, just so you know, our audience loves when the technical side of Daniel comes out. As crazy as it sounds, our audience eats it up. They actually like data. They like hearing it. They're like, oh, yes, let me get the pen out, put their glasses on. Right now, they're taking notes. Yes, they're like, you want to know why? Because facts

are powerful. Yeah. Facts are much more persuasive than opinion. I am with you. But there is a percentage of the audience that's like, where were that? I'm just breaking down so I got basic people going to understand. There is. You know, there's know, if you're with Adam, please leave your email address. Some people like soy milk. Especially if you're a female. Some people like, you know, all the bottom line, baby. Give me the bottom line here. I like to be able to.

I'd like to be able to. I'd like to be able to. I'd like to be able to. I'd like to be able to. It's gonna be all right. We're making all the money. We're working in the kids, aka the 65-year-old politicians, got the credit cards.

They're going out to the club, spending the last 500 bucks on bottles. When do you got a limit, baby? This is like Nancy Pelosi. She's like, I'm going to do a bottle. Why don't we go into our stories of California? Go to the California store, which is on the last page, I believe. Newsom says California will pay off unpaid rent occurred accrued during coronavirus pandemic Fox News story California pull up all the past two rent accumulated by residents during the coronavirus pandemic

The move would fulfill a promise to help landlords break even while giving renters a clean slate According to reports this week the state has about 5.2 billion dollars from federally packages approved by Congress to pay out people's rents $5.2 billion from federal aid packages approved by Congress to pay out people's rents, which could be enough to cover said Jason Elliott, senior counselor, to knew some on housing homelessness. What's unclear is whether California will continue to ban evictions for unpaid rent beyond June 30th. The date California's evictions moratorium is set to expire. Well, nationally actually looks like the Biden administration is going to push it to July 31st because our nationally, which means they're going to probably extend as well.

Yes. Okay. So and why are they extending it because our bureaucrats that spend all this money on their credit card get that credit card away from the system. They couldn't distribute the $47 billion in rent relief quickly enough so they need another month to get the money to the people. These are our bureaucrats. So any chance you're moving to California. So they need another month to get the money to the people. These are a bureaucrats. So.

Any chance you move into California? Hell no, but wait, wait, wait. There, I wasn't there a recall. Was it? Yeah, it was. Google Newsom recall. Well, that went down this chair. To face recall.

Well, yeah, we had major Williams on here. We know what's going on. When is that? November is recall election. This is yesterday. Keep going up. This is. Governor Newsom will face recall election just making a second time in state history that special election will be held. Recalls that governor state officials confirm once that a recall election will proceed after just 43 people withdrew their signatures from petitions to recall. Only 43 during the 30-day window required by state laws of result California Department, a finance will not

begin estimating the cost of recall including cost of holding as it as a special election as part of its next regular regularly scheduled election, which will then be submitted to the governor, the Lieutenant Governor, Secretary of State and the Chairperson of the Joint Legislative Budget Committee by August, according to a letter outlining the process. Okay, wow, interesting.

So we have to have letter outlining the process. Okay, wow, interesting. So to have finance pervacation, the recall will cost $215.2 million a date that has not yet been set. Huh. So this is actually happening. This is what happens in states that close outdoor dining. This is what happens. But he has to be able to go to a French laundry though. He's got to be able to go to the restaurant.

You can't stop him from going there. Yeah. So bring it back to this. And that to a French laundry though. He's got to be able to go to the restaurant. You can't stop him from going there. Yeah. So bring it back to this. And that's a fact unpaid rent. So that's a fact. All these people. That's a conspiracy theory. That's a fact.

So all these people are essentially who have not been paying rent. They have not the opportunity worked. Our business has been closed. Small business have been closed. 48% of US landlords are small businesses. They're not all big companies. 48% of landlords, mom and businesses. They're not all big companies. 48% of landlords mom and dad.

Okay, I own a few rental properties. They're not blackstone. They're not blackrock. It's my retirement income blah blah blah. And they've just so they haven't been paying their rent for a year. They're off the hook free lunch. All these renters and then the government's going to reimburse these small businesses, the landlords.

Well, I mean, all the landlords, some of them will be big. Don't push the black stone button. So who's the big winner in this? The people that just got free rent for the last year and a half? Of course. They're the big winner. I mean, stories are proliferating about people gaming consistent, huge surprise.

Who's getting free rent? The non-workers? The people that are not working? No, I mean, they were working, maybe they were not working. I don't know. That's not how this thing works. Wait, wait, wait. Okay, there's a little bit of math here, right?

Yeah. $300 a week in supplemental unemployment benefits, right? Yeah. So, 12 million. So, that's on top of what your state was giving you. Yeah, yes. So, but 1200 a month give or take. The average rent in America is 1600.

So, you're stimulus, you're benefit from the government was way bigger than what you were getting for sitting on your ass and networking. Way bigger. Think about that. Say those numbers again, your stimulus was bigger. As much rent nationwide, $1600, that extra $300 a week, $1200. The rental thing was a bigger stimulus package. Do you understand that? Yeah, 100% because your rent is... 1600, right?

Yes. So the other one is 1200, so 1600, you're not paying the rent. So you got another 200 months. He said, you did. It wasn't a 100 bucks. 2800 bucks, right? Every month. And by the way, the lifts are coming quicker.

Because the gig workers pouring back into it. Let me ask you a question. Let me ask you a question. You said who paid the price? Let me take a different angle on this. And I want to hear your thoughts on this. So check this out. So during bad times, desperation, okay.

When a person's desperate, you got two different types of people. The guy that's a worker who's always wanting to work and improve, is he going to work during bad times? Let me ask the question one more time. Here are me out, Kai, Adam, pay attention to what I'm saying. Here are me out what I'm saying. During great good times, during bad times, good times, great times.

The guy that's constantly a worker, a hustler, creative, innovative, wants to constantly improve whatever his situation is, does he do that during bad times? Yes. Does he do it during good times? Yes. Does he do it during great times?

I want to say so. Yes. Now watch this. The guy that's always trying to find a way, a shortcut to avoid work, doesn't want to watch. If you give him the easy way out, he's always going to take it. Yep. Does he work during bad times? Hell no.

No, he'll take the first one. Does he work during good times? Maybe. Does he work during great times? That's all one big question, Mark. The point is, if you allow him to not work and take a shortcut to kick back, he will always take it. And if you allow the worker, the innovative, the creative guy to work, he will always take

that option. One percentage of America is the first person versus the second. Which is why, which is why during the pandemic, the rich got so much richer and the poor got poor. Very simple, not because of the shutdown or any of that stuff. It's because during COVID, when we did a, I did a video a year ago,

I said, let me put it to you, this is what's gonna happen right now. There's gonna be those during COVID that are gonna get destroyed and it's the majority. They're gonna get destroyed, okay? Because they're gonna be like, oh, it's not my fault, oh, I can't believe what happened. Oh, I can't believe this. Then there's going to be the people in the middle that nothing changes, which means

they stay the same. They just survived. They're like, I'm a survivor. I'm a survivor. It's just surviving for the rest of their life. All they do is as long as they survive, they're good. Then there's the, there's a, there's a folks that are going to be like, do it. Are you flipping kidding me? I'm going to go light it up right now. And they did not a little bit, a lot of it. Look what happened. Microsoft is officially $2 trillion company now, right? A lot of wealth was made the last 12 months.

So when you ask the question, who paid the price? Who won here? And we say, oh, the people that got the stimulus and the rent and all that stuff, they didn't win. They lost because their habits just officially got even worse. And it's officially in the next 12 months, their habits are going to be,

what is that one thing you put that to magnify? Magnify. It's going to be magnified in ways that we've never seen before. We will see, we're up to, unfortunately. We're back up to 580,000 homeless in America. It's tragedy. It's been rising since 2017.

So we're going to see homelessness rise. And we're going to see people who lose everything who don't want to work get really mad. Remember, three and nine kids have been helped by their parents. Adult children have been helped by their parents during this pandemic. Record numbers of adults are living with their parents.

I mean, these people, to patrate to your point, when you know in your bones the dignity and reward from working, you can never not work. You'll always do something. But if you don't know that in your bones, you've just destroyed a member of society. You've just taken a chink out of the economy. You've just destroyed a member of society. You've just taken a

chink out of the economy. You've just destroyed future economic output by taking away the dignity and the reward from work. That just drives me insane to think about the fact that a simple common sense principle like that is not understood by a complete side. So, oh, it's unfair. Let me give the statistic that she just gave. This is a Fox business story as well. 3 out of 10 parents, 33%. 3 out of 10, 3 out of 9 parents

are supporting their children financially during the pandemic. 31% say they think they're supporting their children more now than they did before COVID, according to a new study of Bank of America. While nearly one third of parents told Bank of America that they've been supporting their children monetarily, many also said they're willing to pay for major expenses of life events.

75% of current or future parents who responded to the survey said they'd be willing to pay for the child's college education, 74% said they'd be willing to pay for the child's wedding, 49% said they'd be willing to pay for the child's wedding. 49% said they'd be willing to pay for child's cell phone bill. 44% said they'd pay for their child's rent. These are stats. 27% believed children will be financially cut off after they've secured their first job.

27% so one in four parents says, I'm no longer gonna support them, but the other one is support them. Pretty intense, by the way. On the standards how low it is. According to Bank of America study, affluent respondents between the ages of 18 to 24 reportedly had investable assets that were between 50

to $50,000 to a million dollars, while respondents above the age of 25 had investable assets between $100,000 to a million dollars. The three money topics that were most taught to the respondents were bargain shopping, 65%. Saving money, 64%. Writing checks or balancing checkbooks, 60%. I'll read this last one here for those of you guys

that like stats like some of us do. I'm sorry Adam, but some popular money management skill parents said they want to teach their children include handling credit cards and credit card debt 92% saving money for retirement and investing 90% strategizing payments and money habits when funds are low 89% and setting a budget 88%. Well, yeah, I mean, because there's the other story that these millennials are living paycheck to paycheck making $100,000.

I mean, hello, that's insane to think about that. That means they can't budget. I'm making the whole 60% of millennials earn you over $100,000 right now, saying they're living paycheck to paycheck a business insider story. Yeah, how many of them are crazy? How many of them have their parents paying their rent on top of it all, or their cell phone bill?

Give me a price. Let me ask you, when we were growing, I'm just curious, you know, like, yesterday, I'm talking to, you know, like, you know, yesterday I'm talking to, we had the greatest dinner last night with our team. We were at this steak house place and we had our board meeting. I had everybody read the book Blue Ocean Strategy. This is my home office exec.

It's the best executive team we've ever had. This is, I had all my C-suite executives in. At all my directors in there, everybody was required to read the book and give their, we went through the whole SWOT analysis and then at the end, you had to give blue ocean. How can we be a blue ocean? And it was 10 hours of purely ideation.

Last time we went to dinner and we learned our controller, who is absolutely a ridiculous guy. His grandparents owned GNC, owned GNC. So one day his dad's about to buy him a ram, God's Ram, his dad was 50 when he was born. Very interesting story. And he used to be the president of a steel, a, U.S. steel company in New York. So he tells us that, Dad, if you don't buy me to brand new ram, I'm going to join the Marines. 17 years old. He threatens his dad, okay. So his dad says, okay, son, no problem. His dad goes to the Marine Recruiting Station,

gets it signed as a father, because he's there. He says, here you go son. You're off to the Marines in a month. Go do your thing. Never call me back, because dad tells him that he was so pissed off at the kid. Never call me back.

He goes to the Marines. Chris goes to the Marines. He serves, he crushes it, comes back. Him and his wife, they meet in A&M University. They both go to school to become accountants. They're both accountants. They decide to eight years ago he learns how to go and deal with horses.

So they own 40 horses. They have like, I don't know how many cows. They have 500 acres of land in Texas. And they make a boatload of money. So I just say, I'm your director of fine. I'm your controller just for hobby because my main money I make. I make a lot of money. Do what I do with horses.

But last night my CIO, David Hayes, he says, just so you know, this the picture I had, this the car I had when I was in college, 19 years old. I said, what is it? Brand new Porsche 911. Oh, I said, David, get out. He says, yeah, I said, were you spoiled? Yeah. I said, you being sarcastic, no, I said were you spoiled? Yeah, I said you being sarcastic

No, I was spoiled. I said your parents bought you a Porsche and he says yeah They bought me a brand new buzzer. What the hell is going on here, right? So how was it for you growing up and what did your parents take care and handle financially for you once you became an adult 18 years old. What was yours? What was I'm curious. What did they help you with financially at 18? After 18? After 18? Oh no, I was cut off at 16. Seriously.

So what has cut off me, explain cut off? Like they gave me no money whatsoever. So my mom handed me down, so I got a scholarship in high school after 10th grade, so 10th, 11th, 12th to go to the ritziest private school in Miami, Miami country day, there's country days all over the country. I was a public school kid and I was pretty good at sports,

I got a sports scholarship to this high school and I went there and imagine me pulling up in the rust colored Honda Accord, a 1984 Honda Accord, like the poorest kids school by the way. Thank you for Honda Accord, I wanna see how to by the way. I want to see Adam. Yeah, the color of Russ. My mom got a car accident. She gave me that car and then basically I had this car.

And it basically was one of those cars where the lights can, yeah, and the lights kind of open up. Oh, that's good. But one of the lights didn't open, so one was like, it was kind of like that. So they called the call, my car. Yeah, they're on a date. So imagine me. That's a car.

That's his car right there. It was the color of rust. I kind of rust. I have my car. So one eye open, one eye shut, like Tom Cruise. And that's what it is. I would pull into school in front with rain drowers, BMWs. You know, the nice school in Miami.

I'm 16. Did you have a job or no? Like how'd you make your money? I would, outside of like, will you slang it right now? I was not selling drugs at that point. I was in college. But I would, if you pull up that, that was my, but basically I would umpire baseball. I would do little side hustles to make money.

I'd love to see big ump. Yeah, I was, that was a, that was a track three. I was like, yeah, there's my car right there. But I'll tell you what this did do. I'll tell you what this did do. Now, no, you cannot procreate. So my parents did not teach me about money. My parents didn't give me any money. Um, I had to, you know, learn the value of a dollar, but imagine being this new kid in school who shows up with his piece of shit car to the rich of school in Miami. And by the time I leave high school,

I'm the captain of the football team, I'm the captain of the basketball team, I'm voted most humorous, I'm voted most athletic. I basically said, you can make fun of me as much as you want, but I'm willing to laugh with you. I'm gonna kick some of you, I'm gonna kick some out of one. Yeah, I want for all the ladies out there

to have taken notes, we write all that down. Adam's procreation resumes, it's good. But let me, let me, before I turn it over to Danielle, who's very pro-Adam procreating, I appreciate that. Yes, I am. The problem with school and sort of back to everything

that this article summarizes is that we all go to school. We all take the same useless classes, algebra, biology, chemistry, trigonometry, wood shop, even, but they don't teach you money classes. Like they don't teach you, again, here, how to balance a budget, how to, you know, deal with debt, credit cards, 92%. They don't teach you these skills.

They teach you how to work. They teach you how to get a job, but they don't teach you what to deal with debt, credit cards, 92%. They don't teach you these skills. They teach you how to work. They teach you how to get a job, but they don't teach you what to do with the money when you get the damn job. And that's the problem. That's essentially what this article is about. Yeah, there is a financial illiteracy crisis in this country, absolutely.

Tell us about your first job. What was yours like? What was yours like? When did your parents cut you off, or did they? So my first job out of, first of all, I had my first job out of, first of all, I had my first job when I was 15, which Adam knows. He's a pizza pizza.

I lied on my job application. My first technical job. I said I was 16 even though I was a doctor. There's this queen little Caesars right here. And by the way, no car. I had no car. But when I got out of business school, it was the first and last time I ever had a debt, ever.

I had my student loans from getting my MBA. So I go off to Wall Street. I turned down a job with Arthur Anderson to become an accountant. And it was for more money. And they were going to put me up in corporate housing. They were going to pay for my last nine hours to sit for my CPA.

And I'm like, you know what, I'm just not a bean counter. I'm going off to Wall Street. I'm going to go in sales. So I get the hair. I'm making so little money Street. I'm going to go in sales. So, I get the hair. I'm making so little money that it covers my student loan payment and my rent, and that's it. So, my mom is sending me $100 a month to get my dry cleaning out of hawk. So, and but the minute, I mean when I, when I, I was probably nine months in. What does that sound by the way?

You hear that sound? No. Okay. Probably when I'm nine months in what does that sound by the way? You hear that sound? Okay, probably when I'm nine months in Nine whatever I paid off my student loans. I got I got a huge commission that quickly Commission check and I why was a rock star? I'm Wall Street any hey, so I mean I but I wasn't captain of the football team Well, you could have been I feel like you could be captain of whatever you want to do with life Captain of your own show. So she pays off her debt, nine months in,

and she's kicking ass in Wall Street. So that was it. So the minute my mom turned 50, I paid it forward. I flew her up to New York, took her to a day at Vidal Sassoon. We had a blast. It was the total matter of. How old were you at that time when that happened? 27.

27. How sick is that, by the way? The man as you, Pat. Yeah. And then I bought her a ranch outside of A&M. You bought? No joke. You like ranch dressing.

Tried. I owe the Texas. Google that. You can't even buy it on a map. So I know when you're out in by ranch just so you know. You were in high school and you were before the military. I know that you had a 3.8 GPA. You were $40,000 in debt.

Your dad paid it off. You were a privileged child. Extremely privileged. Tell us your story. No, you have to realize, I don't even know what allowance is. Like, you know when people talk about allowance, I don't know what allowance. My mom's never given me allowance.

Like, I'm telling you, never. When I tell you, never, I'm not kidding with you. I've never gotten an allowance. I've had to make my own money. When we went to Germany, I learned how to make my own money at 10 years old. From that moment on, I was going to find a way to get my hands on money.

Minus selling drugs. Never sold drugs. Never sold anything illegal. Although I come from a lineage of prohibition, what do you call it? I feel like a sell-in-a-shag. My uncle was one of the best. One of the best. He was one of the bestamon Shack. My uncle was one of the best. One of the best.

He was one of the best. He was the best. He was one of the best. He was the greatest bootleg. And we never see JFK's father was a bootleg. That's right, big one. The Kennedy family established himself. Yes.

So I found a way to make money. And the first car I got was a 1979 Honda Accord. Same as you except five years Honda Accord that would only go drive, it wouldn't go reverse. So we would have to park my buddies, they would probably, that's the one. That's the one right there, yellow color. No, no, no, no, no, go right there, you had it.

Go back, 79, you had it, go right there, top of it. That's the one, that's the one I had, yellow, just like that. That was my... You were killing it, you were killing it. Yeah, I mean, that's exactly the car I had. And it got to a point where it wouldn't drive past 35 miles. And my dad and I had to go drop it off to,

we saw the four, 500 bucks, we're driving out to a place to sell it. I went from Glendale all the way to Upland on 118 and 210 freeway going 35 miles and now I'm in the hardest lane to drive. Just visualize that. I'm like, just don't see me, you know. Don't get your flashers off.

Yeah, so what the point is, say that again. It's like Adam driving the go kart. It's like Adam driving a go kart. That's a great visual. I've ever gotten a ticket for going too slow. I know you get tickets for going too fast all the time. You have a penalty. Yeah, my Honda cord could only drive,

for a certain period of time, you know how you put the car in drive. Yeah. And you know, if, like, I would step on the gas pedal, the car would shut off. So I drove home 30 miles. Why is it so easy to believe that story?

I actually believe it. It was just, I believe it. So the point is, here's the point. I don't know the concept of supporting at the levels of people being supported today, right? But also let me flip it. And they're destroying their kids. I also don't know what it is to be raised by parents who have access to the resources that others don't.

Like I don't know what it is to be. So say your last name is Obama. Say your last name is Trump. Say your last name is Kennedy. Say your last name is Vanderbilt. Say your last name is Gates or any of that. I don't know what it is to have that last name either. So to be fair for both sides, what do you do if you're billion

dollars? What do you do with the kids? There's also that challenge as well. Well, what do you do with your kids? I mean, you're well off. You're going to send your kids a nice school. You're going to, you know, how do you do with your kids? There's an answer for this because I've got 17 year old and a 15 year old who are at boarding school. So you put money on their debit card and it's a once a month thing and when they run out of the money and they call you for extra before the first of the month, you say, I love you, but I am sorry.

But you're putting money on their cards. You're giving them money or an allowance. To what age? What age are you going to do that? Probably through college. Probably through college you'll do that. And how much do they get a month if you don't mind? They get $150 a month.

Just so you don't know any here. You're not hearing anything now. Okay, come, come, come, come, listen to this. I want to speak, I can hear you guys continue. Just listen to what I hear like there's like three birds chirping in a background. If it's just mine, I'll work with it, but go ahead. So you have a debit card. You have a debit card.

We need a padded room here. So you have a, you guys, you guys, you guys on here and I'm good. It's a conspiracy theory. So debit to give it to them. The moment it runs out, they get nothing. So the 17 year old, the 17 year old goes through it like water first few weeks. I mean, consistently, he's starting to learn. The 15 year old, I mean, this kid is frugal.

And the rule is anything that's left over at the end of the month gets swept into a savings account. I love that system. You know what the system I think about I would do? I would probably, so it's still making a noise. OK, so here, I'm not going to cook or hear. This sounds a bird's eye. It's a cat's eye.

It's a cat's eye. So what I would do, what I would, I'm going to put it on and I'll just hang, act as if there's two birds right behind me. So, what I would, what I would do is I would do a system of matching, meaning at a certain age, I'm going to do a match per dollar you make, I'll give you four dollars and gradually to go down. So if you make five hundred dollars a month, guess what, I'll give you fifteen hundred dollars. go down. So if you make $500 a month, guess what? I'll give you $1,500. If you make $1,000 a month,

I'm going to give you $4,000, $3,000, same in college. In college, it's going to be a match match. I want like a 401K. You know how does that match? Yeah, I'm going to do it like that. So, do you bring money home? Buddy, no problem. Here you go. You bring $2,000. I'll match you $2,000. You bring $1,000. I'll match you $1,000. But you got to bring yours in as well. Positive reinforce. And then eventually, there there's gonna be a certain level of money set aside in an account They have a choice on what they want to do with it And if you want to use that money to buy house great if you want to use that money to run a business Great if you want to use that money to go to college great

You have a certain set of money that you're dealing with but it's it's a involved Situation yeah, not a I'm just you got to do your part as well. Here's what I'm thinking, what I'm understanding here is, because you got no money, like you said, and it's no allowance, I didn't get anything else on. Adam is planning for procreation. Yeah, I am. But you're using, you're using, like clearly you're giving your kids money, 150 bucks a month. Clearly you're willing to do something for your kids, but with the, with the understanding that this is a lesson,

there's some learning going on here. You're gonna learn how to save. You're gonna learn how to budget. You're gonna get money because you did things the right way. You're not just gonna be gifted money. You're on my silver spoon. Are my kids silver spoon fed with me?

How are they with me? Even though these guys have a father that can probably buy them a lot of things, is it a pretty low standard kickback show? No, they have to read they have to do their shots There's a it's a two ends of this spectrum here set up standards on what they got exactly you do that We don't have a good time together. We'll have a great relationship to get if you don't the bank is closed It's that simple. There is no band. I mean you you sat with the TV a broken TV for six months Because send it through something in the TV. Oh, yeah, intention of

with the TV a broken TV for six months because Santa threw something at the TV. Impension of me. Impension of me. I have something in this guy's car to TV on a broken TV with a whole inside of it. I want you to watch his car. Daddy, I don't like that home. Next time don't break your TV, right?

You freaking so basically you're willing to bang bang bang bang bang. You taught them discipline and self control. I love these guys, man. They're like my world this morning, I was late because I went downstairs and sent us like, she goes, she says, daddy, homie, homie, homie, daddy. She doesn't say, hold me.

She says, homie, homie. So I picked her up, oh, my God. So I said, how was your day in school? Daddy, school wasn't good. Why wasn't school good? I don't like the swimming pool because I don't like to swim in that pool Why don't you like to swim in that pool? Clarine hurts my eyes

It hurts my I'm like you freaking and she you know she knows how to do it and I'm talking to T.co We're trying to figure out where to put T.co. You know like so T.co what sport you want to take? I want to take a comic book sport class I don't even know T.co Is he listening to Joe Biden. Did I ever structure? I said, it's a sport. He says, I want to take a coding class where I can make movies.

I'm like, interesting. So do you want to take any like baseball football basketball? No. But you know what? I would have taken a reading class where we all sit together and read. I'm like, frickin' love the science. He's going to be a scientist.

And then Dylan's like, I want to take track to beat everybody. Yeah, awesome Go on football back to ball soccer. It's so interesting By the way one of the best experiences we've ever had is what our kids elementary school public school was we were assigned Once a year a book to read as a family You sit down and read a book out loud. Let's school. Is that give a shout out to that school? That's a great school Armstrong elementary Eagles Rick in a private or public public get out of here You sit down and read a book out loud. Let's school. Is that give a shout out to that school? That's a great school. Armstrong Elementary Eagles. Rick and I'm private or public.

Public. Can't add it here. This is Texas. Yeah. Fantastic. Like that's that's probably reading. Family reading. Oh, that is props, man.

I mean, you put that on Twitter. I'll retweet it. That's those are the stories that we. I got to get you on Twitter more by the way. Yeah, I'm not that active on Twitter. I try to do it on Twitter. I tell you all the time. You get to get more.

You get all the time. I'm like, bad enough enough. I'm freaking tried to do all the time. You get to get more You get all the time. I'm like bad enough enough break it out of tweets once a month Adam tweets what month that's our friend Phil Heath is like oh, so what's up, bro? We're gonna hang out all day then you're gonna pretend you don't follow me back on Twitter. I go on what? Phil Heath you know who we're talking about seven-time mr. Olympia. We hang out all day We have a great time. We go to him though. We're gonna lunge you know, he's he's you know, I don't want to Yeah, I don't want to, you know, I want to do anything. Yeah, yeah.

But he goes, so we're going to hang out all day. You're going to act like I didn't follow you on Twitter. Not going to follow me back. I'm like, dude, I swear I'm not a guy who want to piss. I know I go. I'm Mr. Heats sitting in a wheelchair. I didn't see you. I didn't reject Twitter.

I don't know if you want to piss that guy off. I don't know if you want to piss that guy off. Okay. So Nessim Talip, I don't know if you like him or not. Have you read his book? Black Swan, anti-fragile, you want to piss that guy off. Okay, so Nessine Taleb, I don't know if you like him or not. Have you read his book? Black Swan, anti-fragile, you know, skin in the game. He says, if you want to go to page eight, Adam, page eight, he says Bitcoin is worth zero,

and there's no evidence that blockchain is a useful technology. Black Swan author, Nessine Taleb, says this is a business insider story. He also said there's no evidence that blockchain is useful technology. New paper, Tali Bladeout, four key arguments against cryptocurrency. Bitcoin failed to satisfy the notion of currency without government. In fact, he said Bitcoin proved to not even be a currency at all. Number two, Bitcoin can neither be a short nor long-term store of value.

He used the famous juxtaposition of gold versus Bitcoin, which he said was poor comparison to illustrators' point. And last final two points, argued that Bitcoin is not a reliable inflation hedge contrary to some analyst views and is not a safe haven for investments, whether meant to protect against government tyranny or other catastrophes. Thoughts. Do you agree or no? Are you more, yes, I agree with them or you more no, I don't agree with them. I'm more the market agrees with him.

The market agrees with them. Well, last I checked, it was not exactly 65,000 anymore. Look, somebody who was here in the office today working with me earlier this morning. Okay. Said, Danielle, I want to thank you. I said, why? She said, last time you were here in Florida, you said, I understand everybody likes to own cryptocurrencies. Yeah. But take your, take your cost basis off the table and just let your profits run.

That way, if anybody ever asks you, you can always say, I never lost a penny. Yep. She's like, you saved me $3,000. And $3,000 is a lot in my world. And I just want to thank you, because I just, I let the profits run, but I took my cost bases off the table. Thank you, Daniel. And I said, anything that-

Good for them for doing that, by the way. Good for them. Sell discipline is very critical. Can you explain what cost bases means for somebody that's listening? I put 500 dollars into, you bought bought you spent $500 on Bitcoin. Yep. And now it's worth 3000. So you take the 500 off. That's right. And that way you say I never lost a dime. That's right. Yeah. If it was volatile fine, if it was speculative fine, whatever. I'm good to go. I didn't lose

a penny. Call it a day. And you wake up, you look at your state, you know, she's not an investor, she's not gonna follow a bit. She's one day. Not a beauty opposing. One day I woke up and it was like, damn, it went from 65 to 30. A lot of smart people are saying

it's gonna get to a quarter million dollars. It's gonna get to a million dollars. I hear you. So what is more likely, Bitcoin to go to 1000 or Bitcoin to go to a million dollars? I would say 1000. What are you gonna say? I think it's up.

Up. You think it's up. You asked the question. You asked the question to Danielle, am I more likely to agree or disagree with Nassim Teliv right here? Yeah. I'm taking the disagree side.

Okay. So I actually, you interviewed Pomp, Anthony Pompiano. I had the opportunity to go down to the Bitcoin conference and interview him a couple of weeks ago. Smart guy, sharp guy, similar age, we kind of vibed. And this is the type of thing that I think we need to evaluate, evaluate payments. Someone like a Pomp, Pompliano, debating

this Nassib Talib character, and let's find out what the actual truth is right here, because this is just simply his opinion. Because based on what he's saying here, there's hundreds of thousands of people and maybe even dozens of experts, let's say, willing to debate every single point he made and why he's wrong.

Like the fact that you can say that, okay, that's blocked. That's blocked. Change technology. Quote unquote, has not proven to, what does he say exactly? Block, there's no evidence that block chain is useful technology.

Here's the debate that I'm basically bringing up. You constantly hear some of these cryptos, the doge coins of the world, or the Shimo Inus, or whatever, maybe they're not here for the long stay. But you only hear that Bitcoin's not going anywhere, and blockchain technology is certainly not going anywhere. And these smart contracts and everything. So in a same teleb as a genius guy.

I'm sure he is. His assessment has been very accurate over the years. Okay. So for a guy like that to make a comment, you have to give him credence. This doesn't mean you have to agree with him, but you have to give him credence on the argument he's making. I agree. That's why we're talking about it.

I agree. I want to pose a question to both of you. Go for it. Let's look at the chart. Yep. Is Bitcoin a store of value the way you would think of a currency as being someplace you can store value? Well, I'll use like the trending internet joke about Bitcoin to prove your point.

Yeah, I bought Bitcoin. I got it at 35,000. Yeah, well, now it's 31,000. No, it's 48,000. No, it's 22,000. And the definition of store value is something that stores value and stays around the same rate. Stable stability. Stable. So to be specific, no, it is not a store of value. However, let me just bring up one point and then go back to you, Danielle. If you said a year ago Bitcoin went from 35 down to 33. Oh my god. I went from it. It's like it was at less than $10,000 Yeah, so what are we talking about here? It's skyrocket over the last year and the fact that it's having a bad few months

All right, and I'm sure it'll have a good few months in a few months That's the that's why they say it's so volatile. So Larry Larry think is is basically black rock I'm listening to him on Bloomberg TV this morning. And he's basically reiterating what Nassim said. Same the same thing as well. Yeah. And BlackRock, I think they have like $8 trillion in the AUM, they're ridiculous.

BlackRock is cream of the crop. Yes. Yeah. They're at the top. So not to be confused with Blackstone. Yeah. But here's the thing that we have to also realize as well and put some weight behind it.

I own a, probably the best Zion Williamson rookie card. Okay, and it's probably a card that's got legs to be a $5 million card in the next 24 months. Okay, it's that it's that good of a card. Zion jumps 46 inches, he's 285 pounds, he's six eight, He's a beast. He's a monster. He doesn't want to be a Pelican anymore. He's not happy with the team. He just announced a couple days ago Which means he probably wants to be traded to the next sooner rather than later He wants to go out and run with Randall. Let's just say he wants to be an Icke said it before

He goes there say he does something special, okay? That's a $5 million card. I want to believe this guy's got to dominate because I have vested interests in him, have an incredible career, right? But I also know that his body and his style of play could get him hurt to the point where that card goes from whatever I paid for, $350,000, that card could go down to $150,000, $100,000,

and I take a big hit, right? Okay. So a lot of people who are saying, yes, Bitcoin is this, of course, I'm no clue what they're talking about. They generally own Bitcoin. And a lot of people that are saying, there's no way in the world Bitcoin's,

you get, there's no value that it has. They also probably don't own Bitcoin, right? So you have to kind of know the people, opinions is also based exactly. So the whole skin and again, too, Shay, you know, with him writing a book, skin and the game. So you have to also realize where people are coming from. So I want to hear it from the people that are in the middle

who are not in that say, I think it's going places who are in, you know, who are not in that are saying, you know, who are in that are saying, who are in and are saying, I don't know if it's gonna go anywhere. I'm just in there hoping that if it does, I'll make some money on it, but I'm not 100% sold on the out what's gonna happen with this. You know?

That's portfolio management 101. If it's speculative, if it's volatile, then you limit it to 5%. How long a day? There you go. Let it ride. So put it on red. There's a lot of smart people that are doing 5%.

Oh, I know. Yeah, so there's a lot of people. So for the people that are Bitcoin, pro Bitcoin and people that are anti Bitcoin, a lot of smart people that are saying, look, I don't know what's gonna happen with this. Quite honestly, I'm not smart enough figured out and none of us are.

We're gonna keep a little bit of money in there, but not a lot. And we'll see what happens. Well, I mean, I did a whole Bitcoin episode on value-taming economics and basically I said, here's my two cents, here's the bottom line. The big boys and the big girls in Wall Street, and they're putting somewhere between three

and eight percent into the crypto world. Okay, so let that be your guide. If you're gonna put 5% of your investment strategy into Bitcoin or into a crypto, cool. Don't put in more than you can lose. When I go down to these, to these, like Bitcoin conference a couple weeks ago, I asked the question, what percentage of your portfolio,

of all your money is in crypto? And you get these answers where 95% of all my money is in crypto. Oh, yeah. Even our friend Gerard here, he says, I'm over leveraged to the T on crypto. I was saying, I don't know how many people were at 100 plus, were they've taken on debt to buy Bitcoin. Well, that's an aggressive situation. I situation and they they you're talking about those are

believeers those are believers they think that cryptocurrency is the future and you cannot tell them otherwise and if they're right they're the big winner if they lose they're out i mean i think it hasn't i don't think it's been stress tested i mean the only regulators that have clamped down really are the Chinese it's not stress test, is what you're saying? Not by regulation in the United States. Well, we'll see what's gonna happen. Regulations, folks. If you're watching this, folks.

Oh, regulations coming. I mean, if Gary Gensler can ever actually get employees at the SEC, because there's so many unfilled positions then that's more please. If you're watching this, what do you think? Smash thumbs up. It's at 515 and 8 right now. If you think, we're gonna see who the audience is, 515.

If you think Bitcoin's gonna get to a million first, smash thumbs up. If you think Bitcoin's more likely to get to a thousand first, smash thumbs down. I wanna know the rates of what our audience thinks. So we're at 515 to 8 right now. Let's see what you think. If you think it's a million, thumbs up.

If you think a thousand, thumbs down. Just curious, okay, while we're doing that, we'll go to the next story here with a New York state restaurant owner, upstate New York restaurant owner on chicken shortages, wing cost skyrocketed nearly 100% Fox Business Story, wing shortage are latest problem to plague poultry producers who have struggled to keep up with the demand that have skyrocketed with the reopening of the economy.

And due to a number of fast food chains have recently introduced chicken sand, which is the lower Mississippi-based Sanderson Farms Inc. The country's third largest poultry producer said it does not have enough supply to keep up with demand. Despite recently picking up 40 million pounds per year last month, Joe Anderson, CEO of Sanderson's farms, said at Goldman Sachs, global staples formed that his company each week

ends up short 15 loads of wings for both retail and food services, the company plans to allocate wings to make sure everybody gets them. He said, noting that the combination of strong demand and limited supplies will cause prices to climb even higher from current levels. Danielle.

And Sanderson put itself up for sale. Is that what it is? They did. Yeah, I mean they're striking while the irons hot. Look, my my my respect, my hats off to the guy who like started a whole and you will love this Patrick. There's a guy who started a whole company based on thighs. Thies? Thies. He was he was interviewed yesterday. He was like, look, wings wings used to be unloved. We export all of our thighs to the rest of the world. Damn it. Let's make thighs. Bring thighs back. We know the dark meat tastes good. So he's starting a whole company based on thighs. Make thighs great again. Are you, is it thighs or breasts? I'm a thigh guy. I can do both. I can do both. We were going there. You set us up, I mean, it was unfair.

I was just too easy of a set up right now. So're a lit. You're you're you're an equal opportunity. Like, like, man, the person has an economist as an economist, we all respect. Is this just another case example of supply and demand? What is this? It is an example of supply and demand. I mean, look, you had like, you had orange juice prices going through the roof and then all of a sudden, the weather forecast changed and then they they come to Supply will meet demand look at what's happened in Louisiana in Georgia You've got all these sawmills up and running that hadn't been up and running for for a generation

So all of a sudden you've got lumber prices coming down because supply is coming on to meet the demand By the way on the on the on the ratio of the Bitcoin, it's 54 to 18. Two-third, 66% believe one million, 33% believe one thousand. We have a Bitcoin audience. Bitcoin is also crypto. Bitcoin is also perceived to be by a lot of people who don't understand it, a simple refutation of fiat money. They're like, they're like, they're driving the dollar into the ground. They're printing money. I've been told the bitcoins ahead, that's why I own it.

And so for people who don't appreciate the national debt clock, for a lot of them, that's reason enough. With this wing thing, just to give a little recap, I don't think that this wing thing and this diet thing and you're a breast man or a leg man, I think it's not that big of a deal right now because we're not in football season. If it's football season and there's

no wings at your local wing at your local sports bar, now you're going to have a problem. Adam, it doesn't take that long to get a chicken. And if there's no hot dogs during baseball season, we got a problem. If there's no wings during football season, we got your analysis is amazing. I'm just letting you know. You could tell he went to like the university to Michigan. This is Harvard right here. No, no, Harvard. Harvard.

Harvard. Low at your level. Like, whatever look at me factory, whatever's falling on the floor, they pick it back up and they put it in a casing and they call it a hot. Why don't we, why don't we bring some tame into it? Why don't we bring some tame into a top of Victoria's seat? You know, I know this is, this is an Adam story. I mean, I was in New York when that was like the hottest ticket in New York.

No, the Broadway show. The fashion show. The fashion show. Yeah. This is an interesting, interesting, interesting, and I'm curious. I want to hear what you think of it. So, page three, Victoria's secret,

abundance, it's scantly, dress angel, saying they're no longer culturally relevant activists and entrepreneurs will be the new faces of the brand that says, business insider. So the lingerie giant set on Wednesday that it was partnered with a group of inspirational women including activists and entrepreneurs to promote a new brand image

and shape it's around. These women who include the Indian actor and entrepreneur Priyanka Chopra Jonas, and the pro soccer player and gender equality activist, Megan Rapinoe will become the face. Rapinoe will become the face and voice it a brand victory secret says, in an interview with New York Times,

Victoria, C.E.O. Martin, water said the angels were not culturally relevant in the late 90s and 2000 Victoria secrets runways, show how the powerful role in the defined sexy, most recently it's been criticized as outdated thoughts. Kind of coming to you as well with this one. I won't hear what Kai's gonna say about this as well. So go ahead.

Kai is not a lady. No, I said you first, but I'm gonna go to Kai's as well as a 22 year old scene how upset he is. So look, you're selling an image, you're selling a dream. This is an active display. Fantasy. So look, you're selling an image. You're selling a dream. This is an act of desperation. You are. You're selling a fantasy.

This is an act by a company whose finances have are in it. Pull up Victoria Shichord Angels. They're a victim of mall traffic going down. They don't have a viable online. It's very hard to sell this stuff online. You kind of need to be in the store to try it on. But malls are dying, except for your nicest malls.

So to me, this is an active desperation. Adam, is this catastrophic for you? This is a big deal, guys. This is probably the biggest store in the world right now. Victoria's Secrets is not, they're going unsexy here. Wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, look at these lovely ladies right here. Kai, get ready, use your fingertips here. And now, Typhon. Kai's making a rapino.

OK, this is where we're going, ladies and gentlemen. We are now going from these sexiest ladies on Earth to this lady. I get it. She's an athlete respect. She does some good stuff on the field. I do not want to see her on the runway, not even a little bit. OK, she can do her thing on the field. Keep your ass off the runway, Megan. So I

will say that I think Pryonka Chopra Jonas is pretty damn hot. Wow. I will say that. This is sort of the unsexification of America. It's a little messed up. I think we might need some Justin Timberlake to get infused to bring sexy back because if they're we're we're we're losing the angels for soccer players. This is the equivalent of Nike like Victoria secrets a pretty powerful brand. They're sexy brand. You know women want to aspire to be sexy. I get it guys want to get their women nice outfits for them to look sexy You know, we're bringing sexy back JT. This is like Nike saying you know what we're not really gonna use LeBron anymore We're not gonna use MJ. We not going to use fantastic athletes any out there. Where are you see that fat guy over there? You see that John Candy looking dude over there?

We're going to bring his ass over and he's going to be the new face and Nike. Let's keep it sexy, let's keep it sporty, and let's keep the women who deserve to be on the runway on the runway. Who the hell thought this was a good idea? Like honesty, the woke. The woke. So let hell thought this was a good idea? Like honesty. The woke. So let me ask you a question. Let me ask you a question.

So let's just say, let's flip it. Let's flip it and say moving forward, Calvin Klein models are fending. Many men. And moving forward, we need to bring these guys with big bellies, beer bellies, beer guts, beer guts. That's for Redaldo. Moving forward, that's Ronaldo, you mean?

Ronaldo. Ronaldo. Ronaldo. I really, I really do have for Redolfe. Moving forward, that's Ronaldo, you mean? Ronaldo. Yeah, Ronaldo. Ronaldo. I really do have a redolfe. We'll read it later. It is too much. I'm not trying to see it. It's almost like running out of the building right now.

It is too offensive. We shouldn't be doing that. So the current CEO, by the way, go pull up to a Victoria Secret's founder. Look what he's just put Victoria Secret and go to the Wikipedia. Go to the Wikipedia. Okay, go to, left go to Wikipedia.

Papa, papa, go lower, lower, lower, lower, till you find it. Should be coming up here. Just type in wiki. Where the hell is the Wikipedia? Okay, anyways, go find it because you have to see who the founder is. Mm-mm. We can eventually get to it, okay. So look at the founder, Roy Raymond,

click on Roy Raymond, that's him. He looks like the founder of Victoria Secret. Yeah, it is. Okay, credit. He looks like a guy that would come out with something like that, okay? So now, here's what I want you to do next. I want you to now go to the current CEO

of Victoria Secret, okay, go to the same Wikipedia and then type in that name right there, Stuart, yeah, Victoria's Secret, okay, go to go to go to the same Wikipedia and then type in that name right there, Stuart, yeah, him right there, okay, copy paste, go somewhere, this is what he looks like, okay, so, you know, extremely conservative, he was a former Home Depot executive, okay, he was a senior vice president of finance for Home Depot, he was a senior director at Pizza Hut before He was an auditor and a manager and a CPA at Deloitte for six years. So this guy was an accountant He's a bean counter. You have a hell? Does a bean counter be counter-become the CEO of a brand like Frickin Victoria's Secret makes no sense to me

It's it's as if playboys CEO all of a sudden becomes a former CFO of you know pick a company there makes no sense to me. It's as if Playboy's CEO, all of a sudden becomes a former CFO of, you know, pick a company there. You know, New York Times, I'm gonna go be the Playboy magazine. Moving forward, what we're gonna be doing is it's not fun to be a bunny

because a bunny is offensive. The animal we're gonna use is a donkey. It's right there. That is a mess. Oh, that is so prudent. Instead of we're gonna use this, right? And a company that owns Victoria Secrets is a company called El Brands.

Who is El Brands? That's what I'm saying. El Brands is their finances are in a shambles. Yeah, so they own a ton of retail clothes. Yeah, they do. They do. They do. So, El Brands type in El Brands brands.

Body, bath and body works. Bit bath and beyond. Pull up Elbrans stock price public by the way kai was supposed to give his opinion on the secret let's let let's get a kind of a lot here bad mood the last couple because they're taking away the

victory secret money makes a lot of sense to be angels out there now there's a lot of various this is just a catastrophe it's very very What do you guys think? What do you guys think? David, you can't, you're gonna be diplomatic here? What's up?

We hear the audio on the background, you're listening to it. So you may want to take them like off, yeah. Your cast, so you go. It's just, by the way, shout out to Vanessa, it was just her birthday, our extraordinary production. What's your opinion? Yeah. Did you have one or no?

Go ahead. Honestly, there's like different likes for everyone. I don't really care. You don't really care. David, what do you think? I think Victoria Seager was that brand. It was that sexy, you know? That's what it was.

And so now to have it change, it's interesting. I think it might just be for attention maybe a little bit, and then it'll go back to the same Yeah, like I have I have from my hop international house of burgers. Yeah, what do you think jokes on up? So I think it's interesting Both of them should run for office very You got no answer Coach some other people

Yeah, safest answer You two have no meaning. Interesting. We will never go to them again. Yeah. This is pretty interesting. Go ahead, Kyle. Let's go. Give me a break. Interesting. I'm going to hit the go-hate guy.

All right. So where's the no-butt? I think it was the Democrats. No, that's not good. So for me, yeah, I think what's interesting aspect of it is that they've always been one extreme where it's been skinnier, the skinnier, the better, the more unrealistic looking, the better.

That's kind of how things have gone, which now to what Adam was saying with the world culture, it's kind of bouncing back, but I think it's going the other opposite extreme. Like there's some dove and stuff, stuff like that, in terms of their like the Bosch soap, it's like that. They've, they've landed a little bit more in the middle

where you have some neutral ground where it's like you're more realistic, it's not as extreme, but you're also not now going to complete other opposite. I don't see why an entrepreneur in sexy lingerie is the new, like the new. So I got to tell you a story. I got to tell you a story. I maybe I've told the story before, but I got to tell you this story so appropriate right now.

I'm at Harvard, OPM, was it? The owner, president, management program, the OPM program. It's like three weeks you stay looks so appropriate right now. I'm at Harvard, OPM, what is it? The owner, president, management program, the OPM program, it's like three weeks, you stay in Harvard, right? And one of my classmates is the founder of this Victoria Secret lingerie company of New Zealand, Europe, and Australia. And he's killing it. Billionaire, 7,000 employees kicking ass

he's sitting right next to me. And he looks like the guy that would start a Victoria Secret-esque type of a company. So at the end of it, I had a 164 students, eight of us are presenting our ideas. I'm one of them, he's one of them. So he comes up and he says, so here's what I need, I'm trying to raise

a half a billion dollars. And here's what my products are, he shows the products, he says, here's this product, here's that product. Here's what we said, this is our best selling product, the whole strings going down, all this, and he just got some legit stuff. He says, but to be, and by the way, very monotone guy says, but to be honest with you, this doesn't do its service. I think it's important for all you guys to visually see what all this work looks like on somebody. Can I please have my helpers show up?

Eight girls walk up at a heart. Talking about it. Half naked. Yeah. Lennetto who was running the whole show. She panic. She runs this is market research You run around take sir Jack you guys can't do this. This is gonna be all over the news You guys can't do this trying to cover these girls up. This is Harvard and you see students are like we want to see the product Product please we want to see the dog you feel that and then he says he says so if you like the product That's why I need a half a billion invest with me You went off to stay tuned that I'm winning just because Everybody I tell you Harvard was so flip and nervous because it is whole thing like oh my gosh God for a bit

So anyways, I don't know what direction to go on. I don't know what's gonna happen. All I know is When you dramatically change the philosophy of your business and you dramatically change your customer, like you know, what's rule number one of business? No, your customer. You officially change your customer when Jerry Springer went from his show. Jerry Springer says, I don't wanna be this guy that's going

around talking about fights and people jumping on top of each other. I'm a smart guy. I was a former mayor of Cincinnati. I have opinions. I wanna be like more Oprah Winfrey. They win that direction. Ratings dropped catastrophically.

His producer says, dude, you're not Oprah. You are Jerry Springer. You know, he's the daddy. He's not the daddy. That's who you are because they knew their customer. These guys are screwing up, not known who the customers. I don't know. I just don't think it's smart in a business sense. Let me say it from a business perspective. We all have

certain principles. There's certain, you know, truths in business. And number one is sex cells. Don't be scared of that. Sex cells. Number two, stay in your lane. You're the sexy, you're the sexy company. You're Victoria secrets. Sex cells. Stay sexy, baby. Don't bring sexy back. Keep staying sexy. Man, you're not hitting it today. Stay sexy. And last but not hit in it today. Stay sexy. And last but not least, the riches are in the niches. So you're in the sexy niche. Stay sexy baby. That's all I'm trying to say.

We know one thing. We like it. You know how like with food when they advertise what a burger looks like from McDonald's versus what it really looks like. Yeah. And you have like hot wings or whatever. Yeah.

It's kind of like instead of taking the picture of what their commercials are like. And you have like hot wings or whatever. It's kind of like, instead of taking the picture of what their commercials are, they should just take it like, when you open up a frozen bag of wings and dump it on the, in whatever bowl or something, they should just start advertising that. That's kind of what's happening. But they're running out of wings, guys.

If you pull up the logos real quick, put a lot of you guys send the logos, I wanna tell you, we have it here, we're looking at it, and if you can pull it up, Kai, what I want you to do next time these are a bunch We need a logo for this podcast what we need? Kai is for you to put a number behind it because like this no one can say top-right top left Whatever so next time put a number and we'll come back to it

And if anybody else has a logo they want to post Share with us go on my Twitter account put hashtag pbd podcast pbd podcast We're taking logos for the podcast and the winner we're gonna give you $500. We are still accepting it so Kai, let's make sure we put some numbers behind this here. Are we doing podcasts next week or no? Are we on next Tuesday, 9 o'clock? Tuesday 9 a.m. back to the same schedule as well. Folks, if you enjoyed the annual being here, you want to see your back, click that subscribe button and it thumbs up. Take care everybody. Bye bye.

Happy birthday Virginia. Enjoy Danny Albini here. You want to see your back click that subscribe button and it thumbs up. Take care everybody. Bye bye. Bye bye. Happy birthday Virginia.