PBD Podcast - E.B. Tucker | PBD Podcast | EP 106

Episode Date: December 9, 2021

In episode 106 of the PBD Podcast, Patrick Bet-David sits down with Adam Sosnick, Gerard Michaels, and guest E.B Tucker to talk about topics such as hedging against inflation, Bitcoin Vs Gold, Metaverse, and much more! Subscribe to the PBD Podcast: https://www.youtube.com/channel/UCGX7nGXpz-CmO_Arg-cgJ7A --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Gentlemen, we're lies. That's the open. So that's become cemented already. Today our guest is E.B. Tucker, an expert on gold. He wrote a book called Why Gold? Why now the war against your wealth and how to win it? He's got a bunch of props here. an expert on gold. He wrote a book called Why Gold, Why Now The War Against Your Wealth and How To Win It. He's got a bunch of props here. I bought a few props myself as well for us to talk about. I'm going to ask him a question in regards to what's a better

investment. Baseball cards, collectible cards. I just recently saw Aaron Rodgers stood up against the NFL. I liked it so much, I went about his best card. Okay, there's only 25 of these in the world. I got one of them, it's a PSA 10. It's a good 25, 30,000 auto card, and I'm banking on him doing well for himself. So we'll talk about collectible cards, and then we'll talk about gold.

Is gold really worth, you see that side? That's a three-calus of gold right there. Wait, wait, wait, that football card of Aaron Rodgers in a practice jersey is worth 30 grand. This is 30 grand. Feel this, right? Yeah, that is heavy as hell. And then we got crypto as well.

Bitcoin, you got some opinions about crypto and Bitcoin as well. It's a real thing. I mean, I call it the national sweepstakes. National sweepstakes. Willy Wonka, I mean, everybody knows somebody that their friends coin they have went up to a penny from a tenth of a penny and they hope they're next. You notice everyone's distracted by this.

It's a national distraction. So you think it's a national distraction? It is, it's like a sweepstakes. I mean, I know guys that run plumbing business, all these things and they're looking at their phone a hundred times a day. Is pizza coin gonna go to a penny? I mean, my friends coin went to a penny.

Maybe it'll go. You see how this is, everybody's enamored with this. Well, you be, I mean, it's good that you don't have strong opinions against Bitcoin. It's the fact that you're very diplomatic. We like that. We welcome that here. And we're gonna get deeper into it, folks. We got a lot of topics.

Trump had some things to say about the general Millie, some clips came out with him calling him, what did he call him? He called me. Good guy, good guy. Adam, can you tell everybody what he called general Millie? I don't curse, so I would never ever repeat what Donald J. Trump had to say.

Donald Millie, Donald J. Trump is a saint. He's never done anything wrong. By the way, yesterday you had a moment. As a short clip, you had a moment yesterday in the office where you said you agree with Trump on what he said to me it makes sense i'm gonna let them know that they make a lot of the fact that you're starting to reason it's a very good sign i'm not gonna ask a lot of questions today to give you too much pressure would be a so far from an effinitiate so

we'll talk about that okay Cuomo he had a rough week in the other Cuomo tennis association cancels a billion dollar worth of matches in China, over missing players, pink shoy, and then at the same time, we got updates for you with mafia states of America with thousands of people. Yesterday, at middle of the night, I log on, there's a thousand people on the website

watching mafia states of America, binge watching. Some major names in Hollywood, I didn't even tell you yesterday, texted me to watch this whole thing. They're giving me feedback. One guy's a billionaire in Hollywood, I didn't even tell you yesterday, texted me to watch this whole thing. They're giving me feedback. One guy's a billionaire in Hollywood, I'll feel you in about this afterwards. They're pretty sick.

Pretty sick on what they're thinking about. Also, and then because of my obvious states of America, all three Cuomo's had a rough weekend. And the word got out of that about the... Pablo Mario. Yeah, Mario, that's right. So, and then AOC and Manchin, both on the same sides, but disagree immensely on what's going on right now with the economy and theft.

And then we got a bunch of things to talk about with coins, bitcoins, gold. And then this one story, the bad guys are winning, okay? Would you really want to get into, we will. And one of the things I added here that I want to talk about is with China threatening US over expected diplomatic Olympic boycott China will take firm counter measures.

What that means we don't know yet, but having said that let's get right into it. E.B. for folks who don't know, take 30 seconds or a minute, tell us your background. Well, I put together kind of a career in the gold business almost by accident. I mean, when I discovered gold 20 years ago or so, I was immediately immediately fascinated. I mean you pick up one of these coins and wait a minute. Why is it so heavy? Like you guys were saying of the bar so check this out. Yeah that was actually the wealthiest I've ever been in my life holding that bar in my hand. This is a strange thing and then you realize that this comes out of the earth. I mean it takes two or three thousand pounds of dirt to process to make this

one coin. You know, like, two or three thousand pounds. Yeah. Yeah. I mean, a ton, a ton of gold will give you like three grams, a ton of dirt will give you like three grams of gold. And so when I saw that, I mean, I was fascinated. And then, your company finds gold and the stock goes up, you know, ten times.

And that caught my attention. And I said, I got to figure out how this work. What do you mean, company finds gold and then the stock goes up, you know, 10 times. And that caught my attention, and I said, I got to figure out how this works. What do you mean, company finds gold? And then the stock goes up 10 times. Yeah, like they say, like mining. They're looking for gold. Okay, so they're looking for gold, and they go out and they find it,

and they say we found a gold mine, and their stock goes crazy, and you get kind of gold fever. You know, there's shows you watch Deadwood, or some show about this, it's real, you know. And so I figured that out, and then I got into that business and Then I realized that that's a bad business because most people don't find gold You know, just like most people's crypto coin doesn't go up

And so anyway, so I discovered the the royalty business and that's what the book is really about the war against your wealth and how to win it You know as we are in a war against against our efforts to build wealth, you know, or under attack. And you guys know that. And so I discovered the royalty business where all my money is. And so we've created these long-term royalties on various different types of assets. And it's a business I'm enthusiastic about. So I wrote the whole book so that everyone can understand that. And so we look to take a royalty on the gold output from a mine,

which is very different. You don't pay for any kind of strikes, you can have floods. You can always things happen. We don't pay for any of that. It's just a carried interest in the mine. So that's how my career kind of evolved. And here we are today with outright craziness in the world. Yeah, then we want to get into that crazy part.

Who would have predicted all these things? Yeah. 20 years ago. How do we know this is real? When you hold a gold coin like that, how do you know it's real? How do you know it's fake? So the best way to do that, I like coins is a very hard to fake. So like nobody's going to really, nobody's going to really put in the time and the effort.

You know, you put one coin on your finger and you kind of hit it together. You can hear this sound. It's a very unique sound that it makes. It's called the ping test. If you go into a pawn shop, the first thing they'll do is they'll ping the coins together and they'll listen for that unique sound. The problem with the bars is that a couple of years ago, the Chinese were putting tungsten cores in the bars. It has a similar weight to gold and then they were putting gold on the outside. That goes all the way back to the Roman Empire when they tried to go exactly right so you're saying the Chinese can't be trusted when it comes back to the well but they can be they can be because the Chinese are very

intense about gold so the Chinese they don't let any gold leave the country they're the biggest producer in the world of gold so but they don't let any gold that they produce leave the country is that what's their argument they they want it in country they want gold so gold that they produce leave the country. Why is that? What's their argument being? They want it in country. They want gold. So whereas Americans, they produce gold in Nevada and just leaves the country. You know, the Chinese are like, no, no, no, no.

Why though? Why do they want it? They see it as real wealth. They see it as real wealth. So obviously, listen, we got a lot of things to go through here with coins, crypto, you know, collectible cards. But in regards to what's been happening lately, you got a lot of people like Charlie Munger wasn't too happy about crypto.

You heard the comments that he made about it. I'll read it to you guys to see what he had to say about crypto. First time agreeing with what China is doing, Charlie Munger, who's a partner, Warren Buffett, he's a billionaire, goes off on cryptos as China made the right decision when they banned it. This is a fortune story for all the recent buzz surrounding crypto investment. Charlie Munger is just not buying it. And he doesn't want any crypto traders marrying into his family either believe me. The people who are getting into cryptocurrency are not thinking about the customer.

They're thinking about themselves. Just look at them. I wouldn't want any of them to marry into my family. He also said that he supports China's crackdown. On cryptocurrency and frowned upon the US's heavy involvement with the Chinese made the correct decision, which is just simply banned them. And he slammed Bitcoin specifically.

Of course, I hate the Bitcoin success. I don't welcome a currency that's so useful to kidnappers and extortionists. And so forth, nor do I like just shuffling out of your extra billions of dollars to somebody who just invented a new financial product out of thin air. So obviously you agree with Charlie, but if you want to go a little deeper,

what he says. Old man, old man, he's not totally fair to say I agree with him, but I think his comments are important, because remember, in my book, I have a whole section on how crypto came to be. Okay, so it's very important that people realize, I mean, back when Bitcoin was a dollar, I knew about it. So, what you have to understand is the value of the coin and the platform are mutually

exclusive. And what that means is that the platform is very important to understand. Blockchain technology is how you will transact all business in the future. You buy a piece of property right now, you have a title agent, you have Doc Stamps, you have a little lady that's pressing things down at the county, it's very cool.

It was never meant to be a speculative current. Exactly. So when people talk about investing in crypto, they're not investing, okay? They're speculating that the value of the coin is gonna go up and they're gonna sell it to somebody else who's gonna want the coin. There's like 10,000 coins.

I mean, you go on coin, gecko, or whatever the site is. 10,000 coins, okay, these are useless. Utterly useless. Now what percentage are you using? That's not true. A high percentage. A high percentage. What percentage?

90%. I would say if you really want to own crypto, you own Ethereum first, you own a little bit of Bitcoin, and you leave the rest alone. None of it. Because did I make the Ethereum argument last week? I want to see why he's going to say that. Yeah, because you take, okay, a smart contract, like with your house, you have title insurance. What is title insurance?

It says that if there's a problem with the title later that they'll ensure that you actually bought the title and whatever. That's all solved by blockchain. So, like the smart contracts you're talking about. There's a zero value for title insurance 10 years from now. The currency is the contract, too. Like when Pat was by his house and it was a three-day process for him to sign a deal, that's now just the coin. That's right. So, what should Gerard do with all his dogecoin though? Well, that's, that's it.

That's it, that's it. Yeah, I mean, which coin will make it? I mean, who knows, right? Because remember, Musk comes out and makes dogecoin a thing. And now he's not a thing. Now it's not a thing, it's gone. He said it was a scam, but it was a, so what do you say on asking how?

But look, that's like stock promotion. I mean, imagine if somebody... It's weird, right? It's weird, yeah. You come out and you're like, what if my company's a metallurist? Did you're some MTA if I was like, you know, metallurist, if I started saying all these things

about how it's gonna go to the moon, right? The SEC shuts me down. I can't be on a board. I can't say anything. Unless you're in Congress, then it's fine. Well, yeah, it's very common. By the way, this is a very good point here. This is a very good point he's making.

You can't go claim that your stock or an investment is gonna go to the moon, but you can't with crypto. Yeah, and a lot of people do that. That's right. So, think about it. Think about it, think about it. The rock came out tomorrow and was like, she, but you know, to the moon and he owns a million sheboes

and it goes up one decimal point. Yeah, he's a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, point. Yeah, he's a decabillionaire. This goes back to the Joseph Kennedy model back in the days when he made the stock market to crash and FDR brought him in because he knew all the ways of manipulating the stock market and then they added controls to it. So the challenge with the crypto community that they come back and they say, well, the government cannot touch it.

They've already been trying to touch it. And then I get some of the private equity guys that say, let me tell you what people are doing in private equity right now because the tax code with crypto you can buy, take a loss, buy again, you can do double tax write offs over and over and they're not going to let that last too long of a time. No, isn't that the beauty of the market? Like school cost money man, if you get caught the pump and dump, you get caught once.

Okay, it happens. You can call twice that's on you. Yeah, I'm not disappointed. Well, I mean that's on you. I'm not this one. Well, me one, shame on you. But what I'm trying to say to you is, you really believe in Elizabeth Warren and AOC, a Bernie Sanders, a Nancy Pelosi is gonna allow that to happen. You think they're gonna let that happen constantly in the crypt?

You don't think these guys are eventually gonna want to overregulate the crypto community? Of course I do. But right now, now, and again, they're getting you used to this. So everybody is accepted the fact that they can have a wallet, they're getting you used to this. So everybody is accepted the fact that they can have a wallet, they can have digital money, all their money can be on the grid.

All these people to talk about, crypto is off the grid, they're completely wrong. Like the kid in Orlando that was hacking people's Twitter, so remember taking away the voice. They caught him, they showed up at his house. How did they do that? I found him very quickly. Very quickly.

And he had sent the Bitcoin over the world To split and wash yeah, this is on the grid anybody who thinks they're off the grid just needs to research Why because they're on platforms like coin base or the Gemini is the why the blockchain is infinitely traceable and controllable and where this is the which is the point of the blockchain Correct where this all is is Fedcoin. And in the book, this is a term that I came up with about six years ago. Fedcoin is what we'll use to pay for everything

and it'll be easy to get people to accept it. And what I think, this is somewhat controversial, but I think all these stablecoins ultimately are going to crash. And then Fedcoin will be what they bring, like the Phoenix they bring out of this. The same like the Tether, the US, the point. I think those are going to crash and then it's all just going to be a pre-designed crash,

where basically they say, okay, everyone's into this now, all right, but as you can see, there was some speculative problems, like the private market, so the Fed will control this. Do you think some shadowy international pseudo government would organize some sort of doomsday event to increase the control? Never. But imagine if we are the elite, okay, so we say right now, okay, we would let people be free, but nonsense, because what happens when you get to that level is you try to consolidate

power all the time, you're worried about threats, and look at FedCoin, I can control everything you do. Taxation, you can no longer avoid being taxed because all of your money is on the market. So they're going to nationalize crypto as what you're saying, in other words. They'll pick a crypto winner that's infinitely... The blockchain is distributed ledger, that's the technology. But when you have FedCoin, it's controlled ledger. So MIT makes one server that controls the entire FedCoin ecosystem on a quantum computer, and every single FedCoin is documented, and you've been really naughty, so no more leisure activities with your social engineering.

So let me ask you, so let's just say we go in that direction who wins who loses well I think people that are close to power when okay where we're transitioning to is a command economy So this is what China has and I think the US is envious of China because China's control is so great command economy Yeah, command economy so in a command economy where you want to be supposed to a market economy is that the idea? That's a long gone so in a command economy where you want to be, is it supposed to be a market economy? Is that the idea? That's a long gone. So in a market economy, there's price discovery. And what happens is that price discovery creates the value of everything, and the market

produces different solutions to solve different problems. We left that behind a long time ago. Right now, command economy is controlled by Fiat. It's controlled by committee. And if you look at how things are going in the U.S., the narrative comes out, the news story, the narrative comes out, the policy is set, and then people like us say, we debate about these things, but it's pointless. Because it's just like a communism rebrand, a command economy?

It's just a scrubbing. It's trying to be communism with the idea of free market principles. Because if you look in America, everybody's like, oh, this is a free market. Is it really a free market? I mean, oh, we can vote here. It's really, this is great because we choose our elected leaders. Do we really choose our elected leaders?

And every turn, all the things people say, if you really question them. So let me ask you. They're falling apart. I'm sensing a thread here similar to a Peter Schiff. So are you saying we stopped being a market economy, free enterprise where you can go out there and do everything when it was based on a gold standard

and now it's a command economy because it's based on Fiat. Are you going to the 1972? No. Is that kind of where you're going? No, no, no. And Peter's a friend, I mean, he's our biggest shareholder in our company, you know, he's a really a trip to hang out with because he has a different take on this than I have. I mean, so I don't think the gold standard really matters that much.

I mean, the government has nuclear power, aircraft carrier battle groups and they tell you this is the dollar and okay, it's the dollar. I call it the lead standard. Yeah, we're on the lead standard. Exactly. We're going to use Fedcoin. You do the same thing. You say you use Fedcoin or you starve.

I mean, that's the deal. You're going to do it. So what happens to the actual US dollar if this Fedcoin comes to existence? I don't think it matters. I mean, I think what we see is interest rates started falling at the turn of the century. They're negative right now.

They're going to keep going down. Everybody's like, oh, they're going to go up. The government's going to have a hard time financing itself. No, it's not going to happen. It's not going to happen. The deal is you can control this. This is a controlled demolition. And so this system will continue going down. The average person right now, 1% in the savings account, 10% inflation. They're losing 9% per year. Oh, man. We got momentum. Come on. I'm curious here. Yeah, I'm not I'm curious about what he's saying. It's it's a We're on

Okay, all right kid. Let us know if you're on or not the entire building folks went down So are we are are we live? Can somebody tell us if you can hear us or not? Give it a thumbs up if you can hear a smash that thumbs button if you can How much money's on the table right now? thumbs up if you can hear a smash that thumbs button if you can how much money's on the table right now? Well these are these are thousand grams is um maybe 30 30 ounces 30 32 ounces is this announced? that's that's more than an ounce that that's a I like these what's an ounce is two in the grand right the Mexican 1800 what is that what it is 1817 80 that back on we're back on okay folks We don't know what's going on here with this going live the whole building came down

They don't want this album. Yeah, well, we'll see. I mean, I don't know if this can jar saying this maybe China This may be the Fed this maybe the whoever it is We're gonna go back to it. Okay, let me let me let me ask you a question that I think the market is wondering right now Let's see what your opinion is gonna be on this so the question gold versus Bitcoin. Gold folks are screaming off the top of their lungs. Let me tell you you should about gold and inflation is coming and gold prices are going to go up and nothing happened. It went lower. Right. So this article here by Bloomberg says gold or Bitcoin store of value debate rages as Bitcoin grows. The gold campsites the metals long history versus Bitcoin's instability and lack of regulatory support. Gray scale and Bitcoin backers say

the cryptocurrency has digital gold with superior efficiency and potential. Gold has better applications, in some cases, and Bitcoin and others. Bitcoin is more transportable and divisible and more applicable as a currency, but gold is more stable with a proven track record. Both offer virtually no correlation to traditional asset classes.

With gold's correlation is at zero and still Bitcoin is currently most aptly characterized as a speculative asset. Gold and Bitcoin have different long-term tax US tax rates for short-term capital gains on investment, but and sold within a year both are taxed at the individual income tax rate. Bitcoin is taxed in the same way as stock.

Ownership with a long-term capital gains tax rate of zero to 20%, depending on income levels, gold is taxed as a collectible, and therefore carries a long-term rate of 28%. That's a big difference right there. Irrespective of an investor's income. So what is your biggest, what would you say is why someone should own some gold versus crypto?

When you, when you, so, so I, I have a Bloomberg terminal. I have, you know, probably more information than than any, any person. How much is a bloom? So people don't know what that means. 39,000 a year. 30 grand a year. 30 grand. Yeah.

So, so it plus, you know, I've got access to, I've probably read about 3,000 pages of hedge fund research a year. I know all these, what I want people to do when they read a news story is realize that the story is written to distract you with details and to confuse you while pushing a narrative. So when you read stories, when you get to a level where you've been doing this 20 years, you've read millions of pages of paper, all you're doing is saying, what's the narrative? What's the narrative? And then what do I need to do to get around the narrative?

So the narrative is that gold is dumb and Bitcoin is smart. So there's a big push where we want you in crypto. And what we're saying is, you don't need this. This is stupid, it's hard to transport. You don't need this. It doesn't do anything technologically. You go back and read stories earlier in the year, gold's going up, gold's going down,

Bitcoin's going up. So there's always this support of, you don't want this, you want the crypto. So we want you in crypto, it's, we know where your money is. The thing about this is that nobody knows that this is here, okay? I can melt this down, all right?

I can make a belt buckle out of it or a bracelet or something like that, walk across a border and turn it back into a coin and I have not lost one atom of gold. Not one molecule of gold has been lost in that process. This is infinitely fungible, okay? And people have used this for years to store as a store of wealth.

It's not an investment. Gold is not an investment, it doesn't go up in value, okay? It represents other things that go down in value. There's a finite amount of this in the world. Now, go back to 2000. Gold's $250, 275. It's gone to $2,080. If you look at a chart, it's performed very, very well. In fact, it's beaten stocks if you go back to 2000. So the first of the year 2000, but it's deceptive because we were in a crazy time for stocks right then, but gold has held up great. And so it's bought you about the same amount of equity

over that time. And so everybody's hooked on speculation right now, but it's not about speculation. My book is not about buy some coins and make a fortune. It's about, it's a war against your wealth. So wealth and speculating are different. And so, when you get down to it, you realize all these arguments that are made in the press about Bitcoin, people say, well, you know, there's a finite amount, there's

it's limited to 20 million, it's all the stuff, you can put it on a thumb drive, whatever somebody might steal it. You know, okay, so you got to be careful about that, which exchange you're going to have, you get down to it, this is wealth. And everybody that has serious money knows it. All the elites of the world know it, the Chinese know it. Why do you think they won't let you export it, the Russians know it. Everybody, yeah, but the governments who bank into gold,

they're not looking at making 28%, or 12%, or 8% a year. They're looking at making two, 3, 4% per year. They're not aggressively investing in. You know, that's when you have treasury bonds, which is going to give you what? Pretty much nothing over a 30-year period. Yeah, and that gives you.

Yeah, that's right. I can see why governments would be interested in some like this, but the average investor, why would the app, you're talking to a guy that these are mine and I have some more as well. I'm just telling you, I've got a few things to show you. So you're not talking to a person that doesn't hold gold or currencies or crypto. I'm a believer. I'm open, but why should someone buy it if it's just a coincidence? So everybody that's listening to this show wants to learn. Okay. That's why they're listening to the show is they're seeking

that these are these are people with drive. okay? And you're the same way. And so what you know is that you only have to get rich once in life. Once you get rich, then you have to stay rich. This is a very different type of thinking. You know, you're not speculating. You know, you get to a certain level. You're not like, what can I speculate on? Maybe with a little bit, right?

But you also are playing defense. And so once you've, you've listened to shows like this, you've learned, you've educated yourself, you've hustled, you paid all these tax, you've done all these things, what are you going to do? What are you going to do? This is the war against your wealth. And so when you get into that mindset, you realize I need some wealth in something that's safe, something that has defense, that plays defense.

Now my company, Metall Royalty, that's different because if gold goes up $100, the value of 30 years of gold production goes up dramatically. I mean, it's highly, highly lever to the price of gold. So if I have a mind that's going to produce 100,000 ounces a year for 30 years, and I get 1% of that, if you look at the out years and the 1% to worth $100 more per ounce, the value of that pulled back into today is gigantic. I mean, imagine if you bought an apartment and it gets $1,000 a month

and that is gonna go up by $50 a year, what's that worth 30 years from now? I mean, the number is humongous and so that's different from owning a physical coin. Okay, so then one thing I would say in regards to this is I think the gold community, let's just throw Peter out there because he's one the loudest one

when it comes out the gold and he sells gold and he's all about gold and he out on gold, all this stuff. I think it is a mistake to compete directly with crypto. I think it's a big mistake from the purely from a marketing standpoint, I think it's a massive mistake because the angle you just took, I came to you like this, you went this way,

you didn't even fight me for it. You just said, listen, you're not buying this because of this, I remember one time I sat down with the Moody family, I don't know if you know the Moody family, their billionaire family out of Houston, I think they're out of Galveston, and I want to sat down. The family that does the ratings,

the Moody, the Moody like a national western, like American, you know, all these insurance companies. And they're very well off. They want a bunch of banks. If you go to Texas, you can move these bank everywhere. So I pitched them an idea. We sat down, we went for a couple hours.

I said, here's what I think we ought to do to get a partnership. This is 12 years ago. And he said to me, no Patrick, there's two different types of people. I said, what's that? He says, there's guys that wake up every morning wanting to make their first billion. And then there's guys that are billionaires

trying to keep their billion. I'm the second guy. You're the first guy. I'm not doing a deal. My family's counting on me to keep our money. I'm not trying to make another billion dollars. I'm trying to keep our family wealth. What you're saying is, that's gold.

That's defensive strategy. Nobody should buy this, saying, imagine if this $60,000 bar is one day, a million dollars, that's the crypto sale. I think you're buying this similar to a sale of life insurance. God forbid, just in case, something were to happen, you want to hedge yourself against a massive risk. Right. I think that's the same. You can turn it back into new money later.

I mean, that was the whole, like you look at other historical societies where people walked across a border and this was what got them something to eat to know. Different society were living in though. Well, in some ways it is, in some ways it's not, right? I mean, you think the matter is the future? In some ways, no, I don't think so. I right? I mean, you think meta's the future? In some ways, no, I don't think so. I think, I think this is the type of thing you hope you don't need it.

You hope that your wealth continues to grow, you continue to speculate, all these things happen, you hope you don't need this. But what I'm saying in my book is, like if you think about how much of this you should have, it's a much lower number than you think. I mean, 2% or 3% of your wealth is probably sufficient. So is that the number that you're encouraging people to?

Yeah, I mean, you want to be careful because I don't give direct advice in there, but I give people a formula that I make. And the number I come up with is 2 or 3% is plenty. I mean, I have a lot of your entire network. Yeah, I mean, I have a millionaire you should have. 20, 30, 30 grand. Yeah, it's how much you should put into getting gold.

It's a lot. It's a lot. Because what does this do right here? It does nothing, except it protects that money. So if you go, if you go and you turn that back into money in the future, it gives you about the same buying. That's such a no, why did you buy this? Thank God, go ahead, draw it.

I'll ask you. Let me ask you the, the doomsday question, all right? And this is the doomsday question. This is the Doomsday question. This is not every day. The idea to hedge gold against an apocalyptic event where the economy crashes and the country becomes insolvent. Now you still have some sort of fungible asset to go ahead and buy medicine, buy food. Why not just get it gone instead?

Okay. But this is the thing. I think people need to understand as they read the book is that it's already crashing. So you have a system, it's called capital is system. That means that it's based on capital has the value. We're really not capital is it? Exactly.

Exactly. And so, capital right now has no value. There's immense amounts of capital. Look at the life insurance business. It's not the same business it was 50 years ago because you can't get a return on capital. It completely makes that business, turns it on its head. Because you have negative real rates of return.

And people don't understand that. I try to explain it in the book. I'm like, look, you're getting 1% go to the grocery store. It's 10% more expensive than last year. No, no, no. Inflation's only the grocery store. It's 10% more expensive than last year. No, no, no, no. People in places only 6% exactly. It's whatever they say it is, right?

And so what people are going to realize in a few years is that the crash has already happened. A sideways crash is the same as a down crash. And you're in this sideways crash now. So can you Google price of gold, kilo? Type in price of gold kilo and go to the second link that's goldpriced.org yeah go to gold. Let's see go to the second one right there. Yep and then click on when it comes up go down and go to 20 years when you go to the site. This is a 180 gram on the table.

So the thing is, good time to make a run for it. That's kind of dope. You're running left. I wish I had better cardio. Go up and take the three days and make that three days. Go down, go down, go down right below the chart. To right in the middle of the black one,

where it says three days, go a little lower, says three days, right there, says three days. To the right. Oh my God my god hi buddy come on I'll just three days right here 30 days three days right here just three days go to 20 years you know pat and happy when he stands up at the moment this is the first time I said all right so that's been going away personally trainer passes looking good these days you want to show, all right. So maybe say another, that's been going away. First, we'll try to pass looking good these days while this show off. All right, so that's about what's happened,

the opposite, what's happened to your money. Now, Pat, let's real quick, real quick. Sure. This is a $20 bill, okay? And this was exchangeable for one ounce of gold. Like, if you look at this, year was the I had to pay about $400 for that for this yeah, okay, so so that and and this one dollar bill was exchangeable for an ounce of silver Okay, and and so this is for how much of gold one ounce so that that give you would give you this okay

The bank would exchange it for you. That was the law what year? It says it's 19. Yeah, so it's 22. So very pretty epic point is about to make about that. All right, ready. So this one out to go. Okay, this out to go. It has not changed. It came from Nevada. This is a US eagle. So it has to all come from the US. So this is a one out piece of gold.

One ounce is one ounce. Always it has not changed. Now today, I'm going to show you what it takes to buy an out of gold, okay? We might have to make some more room on the table because the ounce of gold has not changed at all since the 20s. And the amount of cash that it takes

to buy the ounce of gold continues to grow. And the reason why I think this relates to your chart there is that people need to ask themselves what's the trajectory of that chart? These are all singles. This is singles, but the reason it's a great point He's making it's got on some what he just did. It's important to do it with singles because because That's how you you priced right here. I mean that it's in dollars. This is our currency So singles are important. I mean if I I just brought, you know, $2100 bills here, I mean, that's, you know, it's,

we say dollars, we don't price things in hundreds of dollars, you know, we say dollars. And, and this pile is going to continue to grow. I mean, why would it not? Why would it not? We're in a debt-based system. So why would it not continue to grow? How are full points you just made right there? Did you see what just happened right there? So So this one dollar would buy you a silver coin.

Okay, this one dollar back in 19, 19, 34, 19, 34, this would buy you a silver coin. So how much is a silver 23? So 23, but here's what's great is that with silver, that's a hold it for ballgame because you've got to pay a significant premium to get the coin like you got to pay another six or seven dollars to get the silver coin that's what's so bizarre right there like silver's twenty two but you have the coins thirty what what would buff it put thirty five million silver that's a long that was in

the nineties that's complicated you know that was with fibro and yours is a yeah i mean that he tried he saw this and he tried to corner And then and then he had to come off that yeah, so yeah, so this right here 20 bucks in 1922 to buy a coin of gold Right, yeah, and ounce of gold. Yeah, same how much is an ounce of gold? Same else 1800 so that's 90 X since 1922. Yeah, same coin Coin hasn't changed at all to give you an idea what this 90 X means

1922 that's exactly a hundred years in about a couple weeks, right? So let's go a hundred years Yeah, that means by 21 22 That coin right there. That's worth how much right now? 1800 1800 times 90 is what 1.7 million 1.66 million? Now, here's what's sad, because I know this is your sentimental guy. You can appreciate $162.18. What if your ancestor had saved up $1,000 for you and put it in an envelope and left you that $1,000? I mean, if we wouldn't got a couple of seafood towers for lunch, we would spend the $1,000. I mean, if we went and got a couple seafood towers for lunch, we would spend the

$1,000, you know, in one hour, okay? But if that same $1,000, if they put 50 ounces of gold, think about the difference. Yeah, generational wealth. Yeah. Yeah. So this is, this is one of the, you know how your parents, you know, when we were in school, they're like, you know, by these coins, said it as I give it to your kids over the years from now. So I'm like, that I remember one time, the uncirculated nickels, do you remember that whole uncircum? Yeah.

I got a case of uncirculated nickels about 20 years ago, for 500 bucks. And I don't know if you've seen these uncirculated nickels. You ever seen those things when they would come out? Okay, so it's literally in a, the tube that comes out, it's never been circulated to people. You buy $500 worth, you set it aside. One day I'm gonna give it to T-Con Dillon

and they'll sell it for whatever, 20, 30, $40,000, right? You're saying this is one of those things. Two, three percent, get some of this, set it aside and like you asked me a question, why about gold? Here's why about gold. So, you know, for me, I have around a seven million dollars worth of cards is what I have okay and

The reason why I like cards is because to me there's only 25 of these in the world this card right here Okay, this is Aaron Rogers rookie card 05 Guys got the best team in the league this year some way say that he could win the Super Bowl whether he does or not He leaves he does I'm probably gonna end up selling this in the next five, 10 years for two to $500,000, okay? This card right here that I paid $30,000 for. That's pretty proven unless if he does something stupid like an OJ story, some like that, the return on this is gonna be pretty high.

I didn't buy gold for that reason. Gold is a buy for me of end of the world, type of a mindset. It's not, there's a slightly defensive strategy, but it's also shit hits the fan. It's good to have a little bit. And when I mean shit hits the fan, I mean like cyber warfare, insanity, crazy stuff,

not even this bio warfare that people are talking about with COVID, I'm talking cyber. Because we have an experienced cyber. Cyber's gonna be a lot scarier than it's gonna be with COVID. Cause cyber, you're gonna be like, I can't even touch my money. Just notice for a minute here, we didn't have internet how we felt.

You felt helpless for like five minutes, right? Okay, what are we doing? What do we do? Imagine if you can't touch your money. You can't make it transact. Think about that's this. All right, let's go there. Let's go.

That's coming into the end of the decade, by the way. So that's coming, that's the next. You're pretty certain about it. When you make a claim like that, you seem pretty confident about that. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go.

Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go.

Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. Let's go. from the phone. So we're dependent with the phone. And so if you think about it, if you want total control

of the society, you already have people bought into their money being digital on the phone. So you get that going. Now no one can function without this. And then you throw a crash in there. And you say to people, well, unfortunately, the system was vulnerable. It was hacked.

Everyone's in panic. And what we're going to need to do is have an implantable identification device that makes it to where, you know, this can never happen again. And everybody will say, I'm in. Put it in me. Can you see this happening? Yeah, for sure. Before we move on, though, the one thing I did want to point out to people, you showed

$20, one ounce of gold in 1920. Yeah. Tyler, can you pull up real quick, what the average salary was in 1920? The average salary was $34 right number. Next guy, it's 2012. That's a title. 2012. So it's 32 hundred dollars. It's 20x. It's 20x today. Yeah.

But the money, 90x. The gold 90x. Yeah. The gold is 90x. What I'm saying, when it was tethered to our money, absolutely. So the actual rate of the money that you earn is one third of what it was, 100 years ago. So the hours of your life, for people that don't understand what they're seeing,

for maybe like somebody that's younger that doesn't understand like, okay, like whatever, I'm just trying to pay bills, I don't care about investing, dude. What this shows is that you need to work three times as many hours to get the same amount of tangible wealth as somebody did in 1920. So Pat, you're a numbers guy. I've put my entire net worth and my entire life effort into grabbing decades of exposure

to this going off a little tiny bit in value. So you go to 2,500 on this, which I think is like completely doable. It's not a big ask to see this go to 2,500. People are out for a go. For a go. People waking up. So you're waking up right now. This is all boom, it's all hitting right now.

And as people wake up to this, 2,500 is completely in the cards. And I've got decades of exposure to that coming out of the ground with no exposure to cost Yeah, but you're playing a different game. You're not the average guy though So to the average guy listen to you I've Robinhood account guy can buy one share of the stock period It's of what seven dollars. I mean, it's like, you know, you're in. I mean sure Yeah, stock, but you're you're making the money in a different way. You've hedged yourself in a, you position yourself in a,

a complete different game. The 1% that you're going to make, regardless, you're in a very good position. But I, here's, here's the biggest part for me. What I took away from this exchange was the following. As a marketer, I think 80% of gold sales people are selling it the wrong way. As a marketer, I think people are selling it the wrong way. As a marketer, I think they're selling it the wrong way.

I remember earlier, in 2010, 2011, everybody started selling gold. I don't know if you remember that or not. It's going to 5,000, it's going to 5,000, it's going to 5,000. Mr. T was doing commercial shit. Oh, I mean, I remember that. Hey guys were making real money. So, so remember

how the correlation we made. So this the next thing I want to get into with you. So we talk about what causes communists, communism membership to go up. What causes membership to go up? Like the highest level of membership and communism in America was when after the 1929, you know, inflationary, great depression. and everybody joined the Communist movement. This is when the whole political stories you hear about Reagan, SAG, presidents, we got to get the Communists out of Hollywood, and then all of a sudden people are like, dude, we're not interested in Communism.

This doesn't work, so membership went dramatically down, right? So to me, there is a cause and effect when it comes down to memberships to Communism. When it comes down to real estate going up and down inflation goes up, real estate prices goes down unless if you real estate is in a position where it's always gonna do what because there's a demand, water, community, nearest school, near whatever, right? The part that's been confusing the last 18 months has been the typical things

that makes gold move, hasn't moved. Right. So it's going the opposite. It's going the opposite. So what do you think is going on? in the typical things that makes gold move, hasn't moved. So it's going the opposite. It's going the opposite. So what do you think is going on? Cause it's pretty interesting. Well, back to your point. I mean, you've got to somehow learn how to think

opposite in markets if you want to make money. Like when, remember the stories, Joe Kennedy with like the Shushan guys giving him a stock tip and he goes and shorts the whole market and makes a fortune,, generational fortune, right? Because he was playing the opposite. We have the SEC because of that guy. That guy is what started all these regulations

securities in this industry. Yeah, and so Warren Buffett called about. His whole thing was like if the Shushan guys end, there's nobody else to get in. And so when you look at the crypto market, who else is there to get in? I mean, drivers are all off-and-it. Well, you got the internet, you got the bros in. Go get in that elevator out there and wait

for somebody from a random company in this building and ask them. We got any crypto. They're like, oh yeah, sure do man. I want more. I mean, everybody is in. So you've got to kind of think a little bit opposite. So like the whole thing is happening right now. Like the whole collapse is happening right now and nobody wants gold. But to your point of selling gold, like in the book I explained, I have my gold dealers listed in the book, right? So if you call and say I read the book

and I like to buy an ounce of gold, though I tell you what to buy. Like this is the thing you need to buy. The problem is those guys on TV are selling you collectible coins. They're like, well, this one commemorates the moon landing. So it's really rare. They only made a million of them. You know, and you should buy this and pay double the price

of gold. So that's what you got to watch out for. And I explain that in the book. And a lot of the Mr. T was buying gold. Remember, it was cash for gold. So give us your gold. We'll give you the cash. You know, so, so, so, okay, nobody has an, and there's no reason for someone. There's nobody selling this gold. Like the brokers that sell you this coin right here, they make like two or three percent max. I mean, it's not much money. It's not like they dug the gold up and spent a thousand digging it up

and then they sold it to you, okay? So all the gold that's ever been mined in human history fits in a couple of swimming pools. I mean, it's not much gold. You have to remember that it's like, there's not a factory making gold, selling you the gold, making money. There's only 20% that we haven't found.

That's the number you hear about. There's not 50,000 tons. It's falling dramatically. So like, in fact, that we have not found, we have not mind yet, supposedly. So, 50,000 tons. Okay, so look,

there used to be like a 50 million ounce gold mine found about every 10 years. You know, and there hasn't been one in almost 20 years and there's no money being spent exploring. Why basil It wants to go to the moon But but see here's the thing okay, so so you go to the moon and you find a lot of gold and you have to transport it back here Do you know what the ESG rating for the that mining company is gonna be I mean it's gonna be terrible right because I mean How are you gonna get it back here? You're gonna burn rockets to go back and forth. I mean, I've been to, they'll be exempt, they'll be coming.

I've been to many, many, many gold mines, okay? Let me tell you, like this is an immense undertaking. I mean, you have trucks with tires that are twice my size, driving in and out of this thing all day long, bringing dump loads of dirt up to the surface, 2,000 pounds of each one. there's like two grams of gold, this is 32 grams of gold. So basically you have 16 dump trucks coming up

to make one coin. I mean, come on, this represents real human effort. This is, so the amount of gold being discovered is going down, okay? And so you have this looming shortage and you can see it. And to your point was that the narrative doesn't support it. But I'm telling you, when the narrative does support it, we need to be selling.

That's what you got to remember is that there's going to be a day where all the guys in the elevator, like they want this. And that's when you are probably trading this for some FedCoin to start a business or to do something else, right? Because it's happening now. So like you wanna prepare, when did you wanna buy crypto? Like I remember in the book, I tell an honest story about hearing about crypto in his 10 bucks.

And my buddy was like, we can mine this stuff with all these old computers. And I'm like, what do you think of an idiot? I'm not gonna do that. That sounds dumb. Okay, that's- So you're the bit of the ability by Bitcoin at 10 bucks and you're like, I was like, I'm not a moron.

And I remember when Peter Schiff was running for Senate in Freedom Fest 2009, I mean, I remember being out there and this was like, I was in this community. You know, this is, I'm in these scenes where you're hearing about stuff early. And so I'm saying to you, it sounds, you want to think opposite. Like when the shoe shine guy wants the Bitcoin. It's a little bit late maybe I mean you've grown some it's not like it's you're not in Bitcoin at all. No, it's not like it's gonna go to zero Don't get me wrong. You have a zero on crypto. Yeah, zero zero. And how much do you have in silver? A lot Okay, more than you have in gold. No, no more gold. The silver's hard to store. I mean is it two to one?

Well, it's I don't know. I mean the problem with the silver is that I ended up with so much of it that it became a nuisance I mean you've got like well if you're struggling with it, I'm happy to help you Boxes and boxes. So where are you keeping this stuff? Is that my problem? No like a genuine question like you I want to ask you a question That's easy. That's really easy. It isn't a safe. It's an avult. It's somewhere. Yeah It's in my dashboard in the car. It's break you. No, but that's a question. It's like, all right, I got to love this around if you're in your room.

No, no, the reason why I got all the way. You keep it in a bank. I got off silver was because I ended up with a storage problem. So I've got silver all over the place. That's a very set aside of sarcasm. That's a very common story of yours. Yeah.

What do you mean? I can break that down storage problem. Yeah, so I mean, common story of your year. Yeah, no, so what do you mean? What do you mean? Break that down, storage problem. Yeah, so I mean, I end up 200 bucks a coin, right? I've got like 100 ounce silver bars that I got like as paper weights, just for the hell of a penny. Well, explain it to him this way. This is the best part to explain it. So one of these is worth what?

60K, pretty much. Okay, how much does $60,000 worth of silver take space on this table? That's the point. So 60,000 worth of silver takes space on this table? The whole table. That's the point. So 60,000 is the whole table. Now, let's just get people to understand something though. Silver is very interesting from an investment perspective.

Silver probably goes to 100 at some point, announced. What is it now? 22. So silver goes wild for a number of reasons I mean, there's not there's a lot of silver used in solar like I feel like I've heard of 20 years though. I know I know I'm gonna tell you hype it up So yeah, he's on a different kind of wavelength

But basically the thing about silver that that you got to know is it sovers a trade So gold gold is something you can put in the safe It takes up no space. Like you can own it forever. It's not that big of a deal. I mean, you're not trying to make money on it. But silver went to 50 in 1980. It went to 50 in 2011.

That's going to be a triple top. Like there's a huge problem with production because there's almost no silver mining. It's all byproduct. So it comes from like a copper mine that produces a little bit of silver. Or a copper mine that produces a little bit of silver or a zinc mine that produces a little bit of silver. So silver, you can't go turn up the production on silver. It's my point. So when silver starts to go, there's a huge shortage of silver.

When silver starts to move, it goes crazy. And so I probably hypothetically would get rid of some of the silver in that type of move, where I don't see gold going on a 5x move. It's, I just, I think it's like too extreme. I mean, I see gold going to like 2,500 and that, you know, the royalty company is all the exposure I'll ever need. Couple guys here are comments saying, silver is Ethereum, gold is Bitcoin. Would you agree with that?

Well, I think Ethereum is better than Bitcoin. So it's hard to... I don't feel that way. I think that's the way they've marketed it, but I think Ethereum's much more interesting than... Okay, let me read you this article from a coin telegraph in regards to how to hedge against inflation, because that's kind of where I was talking with the question, gold Bitcoin or DeFi, how can investors hedge against inflation? And a note sent to client strategists at Wall Street Banking, a giant JP Morgan had suggested that a 1% portfolio allocation to Bitcoin could serve a hedge against fluctuations in traditional asset classes. That's JP Morgan.

That's Jamie Dimon saying 1% in Bitcoin, the decentralized finance DeFi, sectors of I will alternative by using stablecoins, cryptocurrencies with a price of control mechanism and decentralized applications, investors could outpace inflation while resisting the risk of a spot position to do this. They simply have to find a way to earn interest on the stablecoins that would be above annual inflation rates. Bitcoin's more attractive as a store of value than other assets or commodities. As grown demand can only be met by rising prices and not traditional production.

And in this the last one, gold has underperformed this year, dropping 8.6% against the dollar, while the CPI in the US moved up 6.2% inflation. Gold failed investors who bet on it, while VTC Bitcoin is up 92.3% inflation. Gold-filled investors who bet on it while BTC Bitcoin is up 92.3% year-to-date rewarding those who believe in it as a hedge. Thoughts. You hear the narrative? You hear the narrative? Gold-filled you this week, so go with the Bitcoin so we can track everything that you buy. All right, there's $12 trillion of the gold in the

whole world. Okay, so if everybody with financial, All right, there's $12 trillion of the gold in the whole world, okay? So if everybody with financial, let's say there's like, you know, $250 trillion of financial assets in the world, you know. Okay, if 1% of those try to go into gold, forget about it. It does not exist. Like, that's the market cap of gold, they're saying it's 12 trillion.

12 trillion versus Bitcoin is a trillion. Bitcoin is one trillion, right? It's about a trillion. Yeah. So it's 12x Bitcoin. Yeah. But look, my point is is that is that if they said Put one percent of your portfolio into gold in for worldwide You better have guns because It doesn't exist like the annual supply is about three thousand tons and shrinking. Okay. There there's no way, like who's gonna give you the gold? The government, Central Bank of Russia, forget about it.

Like, you know, all the elite families of the world, you know, the line mining in Antarctica and deep sea mining will begin and all that. No, no way. I mean, it's too expensive. You better have 5,000 announced to get the stuff off the bottom of the ocean. Like, you can forget about it.

It's not possible. Like, I'm in the business. I'm telling you that the low value gold you go after is not there. You read these pieces and what's the narrative? The narrative is, you're now worried about inflation by crypto. That'll protect you. You did nine times because Bitcoin's up 90%. Inflation, they say it's six.

It's really 10, okay? So you did nine times better than inflation this year, just buy some Bitcoin and butter boom, you're good. Let me ask you, EBS, do you ever have dialogue or debates with staunch crypto or Bitcoin people? Like a pump versus an EBS, if you guys were debating right now, and you're like, oh, this is what it is, he's like, no, you don't understand Bitcoin.

Yeah, I don't think so. And you guys clash, what does that kind of thing would've been better? I don't think it's like better. I don't think it's like better. I just don't think it accomplishes the purpose that the narrative tells you that it accomplishes. So do you not own crypto out of some zero?

No, no, I mean, it's not spiteful. I mean, I'm just like, look, you only need one trick in your bag, right? I mean, I know how to create wealth on the royalty business model. Like, I know how to do that, and it's available to everyone. It's not like I created wealth, and then took the company public at peak valuation.

I used the public company to buy the royalties. You could have bought the stock for $0.80 a share US when we started. It's like up nine X right now, okay? And it's had a terrible year. And we used that to acquire all the royalties. We went to the guy that owned the royalty, we said it would give you a million of stock and a million of cash to buy the royalty. Now we have two, now we have four, now we have 25, now we have 50, now we have 70, okay. So we have like hundreds of thousands of ounces of gold in the ground spread all over the world that someone else is going

to dig up and the actual investor could have done could have been with us the whole way I bought the stock in the market like as a director you can you can see that so I know how to make money in this zone And so my thing with crypto is it's like I don't really need to go and Have a thumb drive with you know 20 on it, just to be in it. I don't add any sort of. There's a lot of people that would disagree with you on that. Because to me, for example, like the whole storage thing, I think that's a lot.

That's gonna be a big argument that they're gonna have, pumps gonna have on their side. The argument of direct fight of crypto versus gold, I think crypto is gonna win. I don't think gold is a direct fight against, I think gold is a fight against fiat. I think gold is a fight against that. If you ever fight directly with Bitcoin,

you're gonna get your tail handed to you because their argument is a better argument and I'm not a crypto guy or a gold guy, I'm simply a business guy is what I am. I'm talking from a very logical, reasonable side myself. But let me go back, I asked you a question, I'm very quickly, you kind of said no to it. You don't think Meta's the future. So you don't think what Zucker just did, the fact that the next generation of 12-year-olds today, 18-year-olds today are going to be sitting there hours

a day instead of being on their phone, they're going to be on their virtual reality in a metal world. You don't think that's the direction we're going. Metaverse. Metaverse. I thought you said metal is the thing. No, no, no, no. Metaverse. Yeah. Definitely metaverse is where people are gonna live.

I mean, and this is where people are gonna exist and interact. I mean, you know, like Roblox, I mean, this is very, I can't solve over it. It's very interesting. And they'll tell you, I need some of this to buy a digital watch. Skin, yeah. And so that I can have of this to buy a digital watch.

Yeah. So that I can have, I can flex with my watch in the metaverse and you're thinking, hang on a minute, tell me that one we're talking. Yeah, Dylan showed it to me. They said, can I get 10 bucks to buy this? I'm like, to do what? Yeah, and so can you zoom out and see where this is going?

I mean, I predict by the end of the decade, this is so pervasive that people want to take a psychedelic to have a human experience. I agree. This is gonna be, you know, the drugs have, remember the 80s is like the Coke era, and then the 90s is like, you have these arrows, right? And so people are gonna crave that type of,

we're human beings, we're humans. Like you can't get away from it. So remember right now, your kid at 10 years old, mask, okay? They're going to school that no one can see their face. You better wash your hands all the time. Don't play with any other kids, stay home, stay in your room, and what's happening? I'm anxious.

Kids are having like all these problems. Like I'm anxious, I don't know what to do. I can't talk to anyone. The kids can't talk. I mean, I'm Pat, I'm sure your kids can. Then you go home, you go online, you're super busy with anything. You can talk because you have this type of engagement with your family, but it's like the average kid in a DR Horton home and a subdivision, this locked in his room, covered in sanitizer.

He's up there, metaverse, is his one out from right now. And so what wears's this headed? As you can see a society that goes down this type of path and imagine from the controlling elite, you're now, your whole life is infinitely controllable because you've abandoned all your critical thinking skills. I mean, Einstein, Carl Sagan, all these guys said, the technology evolves to the point where people abandon the ability to think and to be human and to have critical.

So did Ted Cruz- You're so ridiculous, man. Critical thought, you know? And you can see this happening right now. I mean, I'm like you, I go somewhere, and I'm like, how you doing? And people are absolutely terrified. I mean, and this is a new concept,

this is early. This is an exist before COVID. This is early. Yeah, but this, wait, wait, wait. So I mean, and this is a new concept. This is early. That is an existence before COVID. This is early. Yeah. But this, wait, wait, wait. So I mean, I agree with you 100%. And I think society is going to really break into like two different realms. You're going to have the, the real and the, and the pseudo real. The virtual world. Yeah. So that, but it actually goes against your own. That's exactly. I mean, the idea of his kids are going to interact

with digital currency for more in their life than they'll ever gonna interact with the angelic currency. Will there ever be a time where people say, holy crap, my entire existence is controllable? Yes, no, can you pull that back please? I don't know, the book has people. Will there ever be a point where there's a, controllable. Yeah, I don't know. Can you pull that back please? I don't know the book. I can see it's full. Will there ever be a point where there's a maybe is the will they care because they might

not care. You told me two years ago that the city of New York and the people inside would allow somebody to shut their businesses down. Yeah. Would allow somebody to curfew them and muzzle them would allow somebody to essentially put soft marshal lawn on the city of New York for years. I would say you're out of your mind and here there be people hanging from the bridge and it didn't happen. And here's what they agreed with. Yeah. And what's amazing is you ask them what makes New York great. They're like

capitalist center of the world. And you're like really? It's a question though. It's crazy. Here's a question though. Yeah man. What's new guys? What do we, like, but what, this is what's new. I can actually ask you that because I thought about this not stop.

What's new is that the control is now comfortable. When our forefathers got taxed and they didn't have representation, they were, there was discomfort. There wasn't constant distraction. Right now, you can be controlled, your life is controlled, but you're in an air conditioned room. You have access to a metaverse.

Yeah, I don't know. You have distractions today. You know what I mean? Okay, can I push back? Let me push back. Okay, what happened in 1913? What happened in 1913? 1913.

You got an income tax. Taxes were introduced. Okay. But only for the millionaires. There was five of them. Fine, but here's a question. Okay, let me go to a different timeline for you. income tax taxes were introduced. Of course. But only for the millionaires. There was five of them. Fine. But here's a question.

Let me go to a different timeline for you. And then they didn't like it, so they created the money back. What happened in 1862? 1863. 1862 was a civil war wasn't it? Okay. And then Lincoln came out and he said, we need to have taxes, because we need to pay off the civil war.

Once we pay it off, we will get away with taxes. And the American people said, what? Shit, okay, we trust you, bro. Okay, fine, I'll pay some taxes. So we put some tiers, it was, by the way, with minimal, like, 2 to 6%, 6 to 10%. And he says, once we pay off the debt for Civil War, we'll stop paying taxes. But you know what happened to taxes? Do you think everyone went away?

They never go away. Here's the thing, it did go away in 1872 under Lincoln. In 1872, income taxes went away. Okay, but let me explain to where I'm going with this. 13. So, guard taxes didn't go away. I mean, the income tax did, but they had, but they had taxed so many income taxes, which was a main one that collected most of the money. So, that went away, which was the model. Guys, listen, like imagine if I come up and I say, guys, we just raised $50 million to do this. Look, here's what we got with the movie. It's gonna blow up.

I need you guys to take a 10% pay cut and your income. I'll take 100% pay cut. You guys in, I hope you do it. And we say, okay, let's do it. And then, but at the same time, if we come back, we'll increase it 15%. The point is, for the longest time, people have said all right co

With holding tax that you know the whole withholding tax with holding concept You know who came up with that a guy named Milton Friedman and he said it was one of the biggest regrets I make in my life that I agreed to it what I'm trying to say it's historically We've all been like majority the world's been like okay There's been a select few of 10% of people that are willing to fight back to bully the bully and everybody else had to make a decision to see what's better at presenting their argument. But the point I'm trying to make here with them

on the metasite, and I want you to push back on this as well, on the metasite is the following. If we are going that direction, there's nothing you can do about it on the metasite to change it. We can't change that direction. We're going in that direction. It is already too late.

A guy pitched a meta-world for value-taming to me three years ago, Antonio, who was here with us, and I'm like, what? And then now he came back, and now we're having a real conversation about it. So if we go to that route, this means what? Sure. Yeah. This is...

Well, you'll just buy a representation of that in the value-taming world. You know, you'll just buy a representation of that in the value-tame world. You know, you'll have like a gold mine that has little trucks moving. But that becomes an NFP. But they're selling digital real estate now. There's digital land that doesn't afford it. So we're just about a multi-million dollar yacht on a net. I know.

It's hang out on a fake yacht. I'd rather go to a real yacht in South America. Well, there ever be a time where maybe you're taking the mushroom trip to have a human experience and you say, sure, wait a minute, like I had a thought and my social credit score went down and now I don't have access to the value-tay metaverse because I'm being punished. They're trying to... Well, it ever happened in what will you want? Insecurety.

They're trying to create an and what will you want insecurity when they're trying to create an environment of Insulated insecurity. You're fat on a real yacht. You're not fat on the metaverse. Yeah, you're short in real life You're not short in metaverse. You can't dunk in real life But on MBA on MBA 2K you can dunk you can 360 so there's this idea that that the real world is unfair So now going back to your point, these people are able to get control because they're making life fairer for everybody. Give up all my control in the real world because I don't like the real world. I don't like who I am. I don't like the money that I make. I don't like the way that I look juxtaposing against this.

I don't like the girlfriend that I have. The metaverse is the world that I want. This is my idealized version of self. So I will give up everything in the real world, as long as you keep me safe, and as long as I can have access to my idealized world. Let me go somewhere with that. Let me go somewhere with that. That just happened.

You guys saw Mark Cuban bought a small city, right? Yeah. What did he pay for it by the, like $4 million. Okay, let me read that real quick, and you'll see where I'm going with this part here. Mustang, Texas? Yeah, something like that. He just decided to buy the city. Mark Cuban buys a small town in Texas just because he just bought the entire town of Mustang Texas a blip on the map off of I-45 with a population of 21 people. The reason Cuban said, a buddy needed to sell it. I

don't know what if anything I will do with it. Cuban said Mustang is pretty much a 77 acre blank canvas for Cuban the town was found in 1970s and Etc. There's nothing really crazy about it, right on why he bought us for four million bucks, but here's what I will tell you To argue my own point I just made to argue my own point I just made is the following Here's what I think folks who have money ought to do here's what I think folks who have money ought to do I think I think what would be very interesting is the following. America was kind of founded on being a country

that you would come to, that you had to qualify to come here. You went through what? The whole, the island you would go to. Rikers. Ellis Island. Ellis Island, not Rikers. What? Ellis Island.

That's a different group of states. Yeah, my bad. Ellis. You go to Ellis Island. And the. I'm thinking about that. Ellis Island is a different group. It's obvious that it's my favorite. You go to Ellis Island and the first question was what? What value do you bring to us? And you would say, I know how to sew. I know how to do this. And then you would say, okay, cool. Come on here. You're bringing value to America, right?

That was the right setup. And then it was what? What value do you bring? Cares, come on. You're a criminal, totally fine bro, come on. It's okay, we welcome everybody. It's standards were dropped. It's almost like this IMG, whatever the sports program is, they pay $83,000 to your patent.

And Bradenton Floor. Yeah, where you go there and your kid goes becomes one of the best players. And they said, you know what, your rich pet, send your kid, it's okay. You're low understand, just because of money, right? That's what happened to America. It dropped the standards dramatically.

What I would be very interested in is the following. Take some of these guys like a, who's the guy that made $5 billion on a Roth IRA, Peter Theop. Take some of these guys who bring their money together. And they say, look, let's put $100 billion, let's buy a small country. And the only people that can come here you have to qualify and the standards are so high and in our constitution it states

you have to only bring value to come here who is john gole who but but i think that's the direction it's coming next if you get to the tipping point that you piss off the creators the creators always have an option so what i'm saying to you is I think this whole thing of majority saying, oh my gosh, the government is so good to me. They're giving me so many free things.

This is awesome. What a great noble of people. I can just say home and kick in and just buy the Ethereum and Bitcoin and make money and play video games. These guys are the greatest people I've ever seen in my life. And they're gonna say, oh really?

Really? No problem. You wanna do drugs? Did you hear what Elon Musk said yesterday and an interview about drugs? Did you hear what Elon Musk said yesterday and an interview about drugs that you guys hear about this or no? Elon Musk says drugs probably make you age more. If you can go a little bit lower, Tesla and Elon Musk was a spoke at an opposition

to President Joe Biden's economics signature pact to question and need for registration that would support electric car adoption due to concerns government. And then he's talking, and eventually he starts talking about drugs in this interview. So yes, we're going in this direction of hey, you should try this, you know,

try this drug, try that drug, try this drug. I think the creators in the next five, 10, 15 years, what Mark Cuban did with four million bucks? Dude, if a hundred billion dollars, people say we're buying a country, you want it? It's $10 million buying. No problem, I'm in.

I'm fully in. Put $10 million, it's a minimum $10 million buying no problem in I'm fully in put $10 million a minimum $10 million buying to live in this place. Let's go create and then we go and then we start building our own country I think do not be surprised if in the next five 10 15 years that takes place It's called Singapore and it already existed Yeah, it is exactly this concept. Yeah, that's where everyone is by the way There's been more family offices open there

than any other place in the world. Metacolpate. That's your boy. Yeah, I'm aware of it, exactly. Bloomberg New Economy Forum is, by the way, that's the next generation of world economic forum. That's kind of done. It's the Bloomberg New Economy Forum.

It just happened. It was in Singapore. Everybody was there. You know, there's too many jets and not enough hangers. I mean, it's this type of thing is going on. Yeah. But, but- Have you seen what Singapore looks like by the way? Yeah, it's a risk. It used to be a swamp. Okay, so, so, but, but this is, you're talking about something that's different from, imagine that as a swamp to that, you know, all because

of what you're talking about. But in this era, the power is in control of data. I mean, data is what these guys want to control, like Musk. The cars are not the issue here. It's what can you grab? That's where your power comes from. But we're talking about the underclass. In America, there was no nowadays. It's like, you just walk across the border and

get a so security number and you're part of the underclass. And elites love a huge underclass. It's kind of like when you go to Mexico City, it's a nice place if you're in a elite because you have a big wall around your place and you have guards and you have all these things. And it's not a nice place if you're looking for meritocracy for a place to ride. It's futilism. It's very difficult, but if you're at the top, it's nobody is going to come and get you as long as you play your cards. Labour is good for the plantation owner.

Exactly. And so what you're talking about is it's very complicated because you have this gigantic underclass that's kind of waiting for the sweepstakes with crypto. The next coin that went up to a penny is pancake coin. Everybody's like, oh, my friend had it. I should have bought it. I mean, this is distraction and metaverse is distraction. But now you're talking about elite, what elites are going to do.

And they're not going to advertise that you can come to the compound. These guys are doing this. It's happening right now. These guys are not sitting around in Kansas City in a subdivision. I mean it's it's it's I tell you I will tell you there is a way to there is a way to judge somebody that's going to bring that even is a not a millionaire not a billionaire that's going to bring value to your town. It's very easy to to decipher and process through that's not that complicated. What are you bringing to the table?

We're going away from what are you bringing to the table. So this is a two point argument here that we the last 15 minutes we went into, we'll change the topic here in a second. One of the arguments is, is meta coming? Yes. Is it going away? I don't think so.

You may say it's going away. If it's not going away, this is not going to be the same as it's been the last 20 years because meta is a full argument against this. An NFT Ethereum Bitcoin, all of that is going to be an argument for why you ought to be there. Because if you want to buy token, the only we can buy token 50% of the time is through Ethereum, right? If you want to get in there, if you want to buy an NFT, if you want to do this, you know, I would just have art basil conference this last week. You guys went to the art basil, you know how it was.

So you're walking around. And you're looking at Greensboro North Carolina. Well, you crushed it. I mean, you know, some of the guys were sending me messages, but going back to it. So I was at art basil. And I'm walking, I'm looking at these pictures. OK, some of the stuff was freaking strange.

That's art. I love it, right? But I don't know if you saw that. There was like 10 galleries that were selling NFT art. And that's all it was. Did you talk to Perez? You know, there was a he had comments that that went kind of George Perez.

Yeah, I mean, it went that he got like a lot of heat because he was really upset about this because he said art is an experience You know, it's kind of like I've been out to Martha, Texas to see the Donald Judd foundation and it's really a trip Everyone should should make I mean Jeff gunlock is the one that told me about visiting there He's like you got to visit there. It's this Dan Flavin light exhibits and all these things you can't see them anywhere else See them anywhere else, okay? Think about what gunlock things, you can't see them anywhere else. See them anywhere else, okay? Think about what Gunlock told me. You can't see them anywhere else.

You go to the Judd Foundation, no cameras. Not because they don't want you to photograph the art, because Donald Judd said, if you're looking at the aperture of a camera, you're not using your eyes. And the art affects your eyes, because you look at the art you have an experience. And I want you to have that

experience here you can look at your camera some other time. Perez is saying that he's saying art is an experience. How old is Perez? Perez is not young but he I mean I know the argument. So here's the thing are we transitioning into a time where the experience is you've got a rock with two laser eyes and you flex and the metaverse And if we are then what you're saying is human beings now are comfortable Not having individuality which probably is true But will they ever wake up and say my whole entire life is a lot captured and gone? Well, there's two different arguments. I don't know. Well, do you eventually most people become grumpy old men?

OK? Slowly. And by the way, and we have to cling on whatever our legacy is. And anything that takes away from our legacy, we kind of become grumpy. So let's just say whatever that leg. If you're a leg, do you know anything about George Perez? Do you know what Pam?

It's the Perez Art Museum of Miami. I live across the street from it. So like, the guy has a vested interest in typical art. What I'm trying to say is, what I'm trying to say, is if you're going there and the legacy is tied to it, he has to say that. But unfortunately, I don't own a single NFT, not one.

I don't know one of those monkeys, and I don't know none of that stuff, right? The board apes. May the apes. I don't know if I may eventually buy one. I'm telling you as a right now. I don't all I'm saying to you is a comment like that being made, you know, goes back to the movie grumpy old man. I'm not going to give you his legend. I get it. But in that market, the argument from NFT is going to be yeah, let me say something about what EB said that I want to revisit and you you touch on it with the NFT so you talked about Essentially the Warren Buffett quote about be fearful when people are greedy and agreeable greedy when people are fearful I was also there a few hours after you this was

Someday I was there my wife and kids you were there with four girls Regardless we were checking out art. It was good. Adrian actually bought a piece, Adrian bought a piece in crypto. Oh, everybody. A real piece. But you paid for it. You could have a currency to buy a real piece of art. Jack, all right. So here's my point.

Be fearful when people agree to be greedy. So we're there. We're checking out art. It's crazy. It's expensive. Hot tip. You go on Sunday at seven o'clock when it ends at eight. And they're selling a piece for five grand.

Save that money. You go for five. They're selling a piece for five grand. Save that money. You go for five, they're selling a piece for five grand. You're like, look, it's gonna cost you a thousand bucks to ship it. I'll take it off your hand. I'll give you two for 30, 200, big, big, big, big, big. So some guy comes up to me, and he says it's like, French accent.

He's like, yes, they look at this piece. It's where do we're selling it as an NFT? And you have to understand, they were showing you the experience, but then you want to buy it. And I go, yeah, but you know so what's the nfts like yes is the wave of the future and you have to understand and i go yeah but but what's the nft and and like maybe presones the bill

how we get to the bottom of it finally all right almost back yeah i'm buddies with the son jp pres total so anyway you were saying, so the book, if they're kid, but yeah, it's bad. There's a children's book, the Emperor's Clothes, you know, and we all know the story is that they're like, no, no, you look great. You should spend a lot of your treasure to buy this new fabric and there is no fabric.

And he's naked. He's naked. And then he's all embarrassed in the end. And so what we're really saying is, will there ever be a moment when people say, holy crap, I mean, I actually need something that I can put my hand on. And the answer so far has been no. So- Not for one year or two years, for a project.

For a while. Tesla back in the day was saying that he didn't like the concept of television because people will think they've gone to the Grand Canyon because they've seen the Grand Canyon. You haven't really seen the Grand Canyon. And his whole thing was he wanted to transport people there. That's what he thinks technology should have been used for. Human transport instead of just, he thought it was cheapening. Obviously, him and Edison didn't get long, but he thought it was cheap that somebody

could take a digital rendering of something, show it to somebody, and then their brain would interpret it as having been there. But we're going to be able to go to the Grand Canyon in the Metaverse. We're going to be able to go, who wants to stand in line in Disney World? You can go in the Disney World in the Metaverse and not have a line and then go up and down the rollercoaster in the Metaverse. I philosophically, I tend to agree with you. I don't like where it's going. I think it's dangerous. on the roller coaster in the Metaverse. And I philosophically, I tend to agree with you. I don't like where it's going.

I think it's dangerous. I think that giving up personal autonomy for nonstop, you know, serotonin is immuillable. Yeah. But I don't see it. And why is it horrible? Because now someone can turn it off. Yeah, it's total control.

You've right, that's, you see, all we're talking about is the upside of it. The smartphones great. You know where you're going all the time. You can pre-order a coffee and make it any way you want. You know, but someone can turn it off. No, no, see this is saying that controller can turn it off. But this is, but as a user, you can also turn it off.

But this is what grid. Hold on a little quick. This is what I think has happened in this conversation. This is what I've, we're having two different conversations at the same time. We're having a conversation about where this thing is going and then you're having a conversation about why it's wrong to go that way. I don't disagree with you, but we're talking about trying to speculate. We're talking about tangible and real. You can do both. I really believe you can do both. I mean, that's why I talk about the

platform of the crypto and then the coins. If you understand the platform, you understand the coins and you want to make a play into it knowing that, you can do both. You can do both. But you're not doing both. You're not getting both.

But you're not getting both. I've kind of got all that I need going. You're all in on goal. Yeah, it's not all in on goal. I mean, I have the carbon credit royalty business is incredible. You know, I mean, you were planning mangrove trees, you know, in Southeast Asia and selling the carbon capture

to people that fly in airplanes. Okay, but like right there, though, it's crazy. But you're doing carbon credits. Carbon credits is basically a tax for living. It's an existence tax. It's just so everything is carbon. So, I mean, how can you're worried about

the morality of one thing and then the other thing is? can you're worried about the morality of one thing? And then the other thing is, I'm not worried about the morality. Like, I think you can, you can play a trend, you know, and then you can do something with your own money. I don't think there's anything more evil. And I know that all the environmentalists and the left and they think I'm crazy writing and all that and stuff. There's nothing more evil in the world to me than a carbon tax. Who the hell gets to tax you for living? It's crazy. And people are all for it.

I mean, take a poll of young people, and they say that's important. I mean, people are more interested in that business, by the way, than the metallur. Metallur business, you tell someone about 30 years of gold. No, I'm not interested. 30 years of mangrove trees, I'm all in. I want that.

When can I buy that on Robinhood? I'm ready right now. It's amazing. Invested bankers like we'll we'll do a roadshow for that we're going public next next fall they'll set up two weeks of meetings in the gold business one day I I don't know you know I'm not to you will never put me in the box of a crypto guy would you ever put me you've been with me for how many you are not a crypto guy and I'm not a gold guy but've been with me for having you? No, not a crypto guy. And I'm not a gold guy, but I own both. You're a card guy. You're a baseball card guy. By the way, I own most for me as cards. Second most would

be probably crypto. Then it's gold. This is what I own. Okay. But my number one is cards. And I'm not including my investments. Obviously, that's number one stocks, all the other stuff. That's equities is number one, but then number two is this. And so for me, when I think about this, this is, you know, it's a different gig. I think this, I don't think this is going to, the only thing that it's going to make this explode is a catastrophic event. So if you think about the triggers, inflation goes up, this needs to go up. It didn't work.

A level of uncertainty in the world, a war happens, a massive pandemic happens, this needs to go up. It didn't really work like that. So the triggers have changed in a major way. You know, there's speculation and stocks. There is the Fed, all of a sudden, vote somebody in. That's a Communist from Russia and she replaces, let's just say, power. Ooh, we got to be careful because we don't know

what she's going to do. Okay, that goes up, but it hasn't. So so many things isn't moving this and so many things are moving crypto Bitcoin Ethereum that they can say C C C. Yeah, and gold can say C C C. Yeah, so the credibility for the gold community in my opinion has gone down. Yeah, it has and so here here's here's the thing when you get back to that thing about the moody family right. You want to buy your hedge when it's cheap. Like everybody wants to buy insurance the day after the hurricane comes through. It's really expensive, you know?

And there hasn't been a storm for years. No one wants to buy insurance. That's when you buy the insurance. So to take a 1% hedge right now to your point is extraordinarily cheap. It's never been cheaper. Because you have all the signs of swirling clouds in the air and people are like, No, I don't want that. So, so take the hedge when it's cheap and then also play the speculative move. Like play that move.

That's it. You're best at saying in sports. You don't just play offense. You don't just play defense. You gotta play both sides of the ball. So play some deep and then get on your own. Nobody cares and so you you can get in there the ironic part about what you're saying also man is like nobody clamors for freedom until they have none of it yeah nobody clamors for for an open society until they're completely let's do that bad guys are winning let's talk about the bad guys are winning this is an Atlantic story which is kind of surprising that they're writing this great article yeah today the most brutal members of talk receive ink don't much care if their countries are criticized or by whom.

The leaders of Iran confidently discount the views of Western infidels. The leaders of Cuba and Venezuela dismissed the statement of foreigners on the grounds that they are imperialists. The leaders of China have spent a decade disputing the human rights language long used by international institutions

successfully convincing many people around the world that these Western concepts don't apply to them. Russia has gone beyond merely ignoring foreign criticism to outright mocking it. If America removes the promotion of democracy from its foreign policy, if America sees us to interest itself in the fate of other democracies and democratic movements,

then autocracies will quickly take our place as source of influence, funding and ideas of Americans together with our allies, fail to fight the habits and practices of autocracy abroad. We will encounter them at home. Indeed, they are already here. If Americans don't help to hold murderous regimes to account, those regimes will retain their sense of impunity. They will continue to steal blackmail, torture, intimidate, inside their countries, as well as inside ours. Thoughts.

Yeah, look, the title says it all, the bad guys are winning. So by default, we have to remember here that in America, we're the freaking good guys. We're the people that the world needs. And it's so easy, you know, like the Trump interview, it's like, oh, you think we're so good, you don't think we've done so. Yeah, okay, I got that part.

Right, we've not, not everything we do is the best thing ever. But without America as the number one power in the world, who takes over China? That's who we're gonna leave the power of the world in. And look who we're then mentioning in power of the world in. And look who they're mentioning in this article. Look at the names. Iran, Cuba, North Korea, Venezuela, China. Those are the bad guys.

Those are the autocrats. Something that we need to understand. We're obviously a capitalist channel and entrepreneurship. But above that is democracy. It's only one way to do it though. There's only one way to do it. Let me explain to what I mean by this. So last week we had a meeting in Dallas.

I'm back to Dallas again tomorrow morning and then I'm back again. So I've been December and January, February for me is such a busy season. And by the way, we just closed on a new building yesterday, which is exciting for my attainment. But let me take what happened I was in Dallas. I'm in Dallas last week.

We have a meeting. It's a day and a half. We start early, we go late. It was the most emotionally intense meeting we've ever held. There's not a single person that was an upset in the room and there was a single person that didn't cry in the room. Very emotional with the vision what we want to do next with our company. Okay. Let me tell you what happened. Yesterday, Jose Marlingaitán, the organization, their agency that they run, they do around 30, 40 million a year, their organization yesterday had an explosive day on Monday.

You don't have explosive days on Mondays, okay? The language they're speaking is insane. People who disagreed with each other are now on the same page. People who didn't want to be in the same room together are now, let's go kill the enemy, right? The problem with America on this bullshit article that they write by freaking Atlantic

there's ninety five other articles by Atlantic that does the complete opposite bullshit of this you write one article talking about we're so great you write ninety four other articles about how america is this it's on you the media so for me rather than saying something like this why don't we unite on the common enemy that we have who is the common enemy you don't see a common enemy today you see aoc on one side mention on the other side trump's the enemy in America the enemy is the opposite political party that's the biggest problem but but that's caused by the Atlantic being

part of the main thing that's not just it like I'm not saying my point is our path the the point I'm trying to make with the media is, as much as the media wants to write noble articles like this, how about we hold you accountable for having caused this division in America today? How about we hold you to the fire for all this bullshit you do with journalism,

that you have to be held accountable for, you give an actual journalistic integrity, you ain't got no journalistic integrity. So you write one article you think you're all noble, now you wanna go out there and talk about this? No, I think the problem to America is here today. Look at this. China threatens US over expected diplomatic boycott.

China will take firm counter measures. Let me read this article to you and see where I'm going with this part here. So the daily wire, the Biden administration is expected to announce this week that no U.S. government official will attend the 2022 Beijing Olympics, implementing a diplomatic boycott of the game CNN reported. The move would allow the U.S. to send a message to the world stage to China without preventing U.S. athletes from competing foreign ministry spokesperson, ministry spokesperson, mocked the U.S. over the expected movement, that they were never invited anyway, but then later making it a threat without being invited.

American politicians keep hyping the so-called diplomatic boycott of the Beijing Winter Olympics, which is purely wishful thinking and grandstanding. He said, if the US site is bent on going its own way, channel will counter measures, take firm countermeasure center, the Ted Cruz told CBS News last month that he supported the diplomatic boycott of the 2020 to win our Olympics in Beijing, and US athletes needed to go over the kick their commies ass, right? So okay, we need stuff like that. We need a true enemy today to unite the hell out of America But everybody needs to be on the same page. So for me, you write an article like that great people like us talk about under podcasts

People share with other people, but at the end of the day one article one piece? No. America is pretty united right now because people are pinning people against each other. The whole Cuomo scandal that took place, okay? With whatever happened with his brother that's going back and forth and it happens to him and they found that he was getting guys on the inside to work with them. Then he suppressed the information against his brother. But here's the kicker though on what happened. The kicker is all of that stuff that happened he came out and said i'm sorry zucker new and he was helping out as well what are we talking about here and he's going to see an essay you better pay me my eighteen million dollars or

whatever the number that's left so look at the debacle of this you know cnn that was a god agency you know of a media company a year ago two years ago now everybody's like wait what now don't limit i don't know if you saw down limit, what came out this morning about down lemon. Did you guys hear about down lemon? How down lemon was doing the same thing to what what Chris did to Andrew, down was doing to Jesse Smollett. So this whole thing can break down very quickly. There's more. And there's more. But the point I'm trying to make is the first way we become united is when media is held to fire.

If you went to school to Columbia University to become this wonderful journalist that you are and your superior to us because you got this yellow thing going on or just whatever thing going on, brown thing going on and we went to Glendale Community College or whatever university in college we went to, I'm sorry, now it's on you rather than bullying all of America and dividing them. how about you get hold accountable a little bit and then let's see how you guys respond. But aren't they being held accountable? Their ratings are going down and down and down. America's waking up, they're listening to the more and more. People, you see it as

used as a derogatory term now online. It's like, oh, you must watch CNN if you think that. So I think in a certain way, the market is talking, the market, the information market is speaking. And I mean, you made a lot of great points about, but I will, I will disagree, man. I think the Atlantic having that article is a step in the right direction. I agree. The people that listen, how many of the Atlantic have never felt that before? There is a however though. There's a big however though. If you do it one time, just like,

let me give you an example what I mean by this. You know how sometimes a CNN will do an article to kind of get the Republicans to be like, oh, I agree, you know, so then they bring membership in or like some of these guys like Bill Maher did at one time and Republicans are like, I agree with Bill Maher. But Bill Maher's continuing for your next. So if Atlantic goes and stays in the middle and actually reports, good for you, you make

money, you deserve to make money. But if they do this one hit piece to get attention there, even if padded to stepping the right direction, because there's a, we both know and it's on both sides that you could say something, but if they don't hear it from their side, they don't believe it. It's not what you say. It's who says it. Yes, that's what you're talking about.

So there's, we, we are not living in a, in a simultaneous reality. We're living in two different realities based on ideology. And then even if for one second, there's a crossover, that's a step in the right direction. For one second that they say, hey, look, there's an autonomous regime that has the quote unquote global cabal that everybody keeps making fun of. No, no, it exists and it's real and these guys want to take over. That's a step in the right direction. That's a step for people.

I don't disagree, by the way. I'm totally with you. However, the only thing I would say is, let's see how they follow up the next month, the next three months, six months, 12 months. If they go in that direction, then think about it from this angle, okay, think about it from this angle. Think about what happened with Forbes. I've been a diehard Forbes guy for 20 years. Go read a Forbes article today.

It's like, wait a minute. You know it's Chinese owned. 95%. They sold it. I know, 95%. So you think you're reading about the great ideas of capitalism. I don't touch Forbes. I don't touch 90% of these business magazines

because it's ran by journalists who hate capitalism. So if these guys go back to certain set of values, like let's just say Atlantic says, hey, folks, let's have a meeting. Okay, let's just say this is caused by a meeting that was held. You guys had a stand out meeting yesterday, right on Monday. Let's say there's a meeting and they say,

somebody comes on and says, guys, let's unify. What's the greatest country in the world? Well, I don't know if we can speculate that. Dan Mark, you got this and you got Sweden and all those Bolsheans. No, no, no, listen, let's not get it twisted. America's the greatest country in the world. I love that video, you did in your car, by the way. Which one?

About if America was a restaurant. America was a restaurant. Oh, was a restaurant, that's right. If America wants to come to America. So what I'm saying to you is if that kind of a meeting took place with somebody at Atlantic, ooh, we need more of those. Well, there's two things that happened also in the last half hour and actually really just happened

at this table that I really hope the audience understands. You're talking about narrative, all right? And you're talking about common enemy and the power of a common enemy and the power of a narrative. The narrative forever has been in our media that the common enemy in America is America. And it's our past. And it's our side.

No, it's our past. No justice on stolen land. How many times have you heard, there can be no justice on stolen land. As if every land, every nation ever created wasn't created through some sort of warfare as if even Even the Native Americans themselves didn't shade borders based on intertrival warfare. This was always Lennapy land They never fought against the Cherokee are you nuts right conflict over resources was the entire source of evolution gang is con

Mongolia Every single nation has been founded through conflict and acquisition source of evolution gang is con Mongolia. That's what we're talking about here. I ran all over the freaking world. Every single nation has been founded through conflict and acquisition. So there's an idea that every American... The 1612 project, whatever. Yeah, the idea that everything that's ever happened in this country

is by its found it. Very good point. Illegitment, it's nonsense on its base point. And unless we have somebody from that side point that out, that narrative is gonna be pervasive. And I guarantee freaking to you that that narrative is not coming from America. You know what it's like, but bring it down to the average person, right? Bring it down to the average person.

So let's just say he and I are brothers, hypothetically. We're brothers and we're two years apart, okay. We grew up, we're best friends. Of course, we fought, we've done all that out of this stuff. But if I clung on what he did at 16 years old when he took my video game away and I keep reminding them at 42 years old, well, listen man, you screwed up as well.

Let's chill out. Everybody here makes mistakes. So there is a communal... It's even worse than that, Pat. It's somebody who looked like him, stole your phone 16 years ago. And you're holding him accountable. Yeah, no question about it.

You make a very good point. Or somebody's great, great, great, great, great grandfather that looked like him. Yeah, that did it. Exactly. Not the, not the, I make 60-year-old, I make the art of mental life. You're a little tired, man. You're a bunch of trust god.

It's the guy I sat down with, Lucian Truscott. You're a bunch of friends. Can you pull up the interview, Lucian Truscott, for people to see the first 30 seconds? That's the mother. I sit down with this guy. It's the guy I sat down with, Lucian Truscott. You're a best friend. Can you pull up the interview, Lucian Truscott, for people to see the first 30 seconds? There's the mother. I sit down with this guy. He is the great grandson of Thomas Jefferson. He's a writer, he's won all these awards,

all over the place. He agreed to do an interview with me, which I couldn't believe he agreed to do the interview, because he's on the complete, chapter Lucian Truscott, bed David. Yeah, the third. Right there, go Truscott. They just spelled it for you.

And a value table. Look, the first one pops up. Okay, typed that and I see how this thing goes because he starts bitching about Thomas Jefferson and is that, is the internet just going real slow? Okay, got it. Well, we're being monitored. I don't know what's going on.

Anyway, so this is the exact example which you're talking about a grandfather's sixth generation pass on what he did and they're sitting They're saying because of that we need to remove his statue and put a different place is the first one son wanted his that you remove this guy Is the great great great great grandson of Thomas Jefferson if you want to make that big grand hopefully if we can like the entire reason that we're talking Ray's audio Ray's audio and go back. Can you, do we have audio or no? David. Yes.

Do we have audio? Yes. Press play. Ha, ha, ha, ha. Can you press play on the bottom left? It's low. Even when you press it doesn't do anything. Okay, we'll wait for this to come up.

So you have to agree, this goes back to a constant past of, but you understand we're not the, you know, why pat? It's plain, but there's no audio. Because the past can't defend itself. They keep going after the past because the past can't defend itself. It's an easy target. You find something wrong,

there's nobody that would ever defend slavery, ever. Nobody in their right mind would defend slavery. So you take somebody who did something egregious and you attack them and they can't defend themselves. But here's a part here's here's why I think it needs to happen with that. Okay. I think those people that are trying to defend themselves and you to take a different angle I'll give you an idea. Okay, if you want to go back and play, let's just go back a few. I'm a Stanford student, may have written the words, all men are created equal.

But he really didn't do very much in his life to make that happen. You're saying to tear down Jefferson and replace it with Harriet Tubman? I didn't say that. Don't put words in my mouth. Who would you say to best president we've had on the last 100 years?

Are you serious? I love this country and it changed my life and I'm asking you. These are ridiculous questions. This is just getting your asses me. What does mean? You can't answer that can you? Yeah I did. Say it. What is it?

Ask the guy you're in the studio with. I'm asking you. I mean to be your when you're not them. I didn't ask you why you think anything. I know who wrote the Declaration of Independence. I don't disagree with you on a lot of things I'm an immigrant. So am I. Well, you're born here. No, I wasn't. I don't answer questions like this Who's my favorite because your favorite president satanis Jefferson represents what's best in America?

That's why you know, you know, he said, you know, the whole time I had a quote of all the presidents, what good they said about Jefferson. I said, who's your favorite president? Says Barack Obama. I said, that's what Barack Obama said about Jefferson. So the guy that's your greatest president agrees that Jefferson needs to stay there. This is what makes this beautiful country look ugly when a guy

like this who's been able to leverage a last name like then, a got a job in journalism because it's a Jefferson guy, and he bashes the guy that gave him that privilege. So if you're him and you have his philosophy, it's kind of like the both thing. You could say yes, you know, he's my great, great, great grandfather,

he's a founder of this country, he's one of the greatest people to ever live in America. Yeah, yes, he did some wrongs, and yes, we could address that. We're not gonna sweep that under the rug, but make no mistake. When people call you names, what happens is they've abandoned the intellectual argument. Do you notice that? When you can see them abandoning, abandoning, then will you're an ask-to-you-one?

No, an ask-to-you-one. Yeah, I mean, it's nonsense. I mean, I love when people do that because immediately it's over. You just, you know, we're no longer talking Now we're just having a street brawl. By the way, did you see what Trump said? Did you guys see here by what Trump said the other day? And can you can you play that video right there? This is Adam's favorite story Adam? I don't want to go today without having this story because I know you really like the story So let me read to you guys what happened. So Uh-uh-uh-uh. I know Trump claims he doesn't drink,

but he sounded even more like a drunk uncle at a wedding tonight than usual. Here he calls General Milley and F and Idiot. Who's tweet is that by the way? Who's that by? You put the tweet by? I'm trying to, oh, this is the guy Ron whoever it is. Okay, make this bigger.

And let's play this. See, here's what Trump said. Watch this. We have $ what Trump said, watch this. We have $60 million, $70 million, you mean you think it's cheaper to leave it there so they can have it, that it is to fill it up with a half a tank of gas and slide it to the top of the stands. Some of the Afghanistan. You look, you're sure it's a cheaper sir.

That's what I realized, a fucking idiot. I'm sorry. He doesn't need to be present again. He needs his own show. He needs his show. By the way, go back, you missed the first 10 seconds, gold. We have $60,000 million. You mean you think it's cheaper to leave it there, so they can have it,

that it is to fill it up with a half a tank of gas and fly it into the top of stand or fly it back to the top. That's good, let me tell you. You sure, what do you think about what he said, Doc? I mean, the comedy show, the half a tank of gas, you get it over the back, it's that. You could have been a comedian. Well, the first part of the clip that is cut off

is he talks about, we had just had brand new 50 million dollar airplanes 26 million dollar helicopters Yeah, I'll get I'll make this quick point on that we go we're gonna the biggest problem with Trump Is the policy versus the persona? He's absolutely freaking right about the policy We've left billions and billions of of Armory and everything then planes and helicopters and everything for our enemy. He has an absolute credible point there. And then the persona, the fucking asshole, that's where he loses control. The biggest problem with the voter is they see emotion more than they see logic.

So the same problem is on the other end as well when it comes to that. Well, it's the same problem that we have with gold. The biggest problem with the average American is that is that rather have the cash and the gold weren't all you know because they'd rather have the picture of the rock with the laser eyes exactly but you miss them because think about it we don't know where Biden is we never see him there's no press guy was always press

press conference that's not something we should have a press anyone over 70 there remember they would attack him the he they would he would give a talk about something and they would ask about some other unrelated thing you'd watch him like defend it was kind of like a lot of entertainment now we don't even see we don't have any press he's not just him dude like you know Jim Acosta thought he was an elected official having to bait with the with Kelly mechanity or what what's her name and now Kelly and Kelly and no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no Kelly, Kelly, no, no, no, no, no. Katelyn, Katelyn, oh, God, God. Now, Jen Sackie comes out and says, all the rioting is because of the pandemic. If you were like, oh, Chris Cofford,

you spoke for pandemic. If you were a press guy that was on White House duty, imagine how boring this is. I mean, you go in there, here's the notes for the day, okay. Well, we just shared some of the bar about. Back when he was in there, it was like a tack mode, you know, all the time. We just circulated a stat that Biden gets more negative press than Trump did. No way, no way, no way.

That's not my freaking opinion, that was a stat that was going on a dead scene right there. I'm not disagreeing with you, I'm just saying, like I remember on the Bloomberg every single day, it was just like dozens of... But it goes back to Gerard's point, to Pat's point. Right now, the common-an-American America is that people across the aisle from you. Or it should be a China. It should be these authoritarian regimes,

but instead it's either red or blue, which side do you want? But this is what he did. What he did is he pulled the veil out from the elites. He's not talking about the angry parent at the student conference, like Merrick Garland's going after parents who don't want their kids being taught critical theory.

Now they're on terrorist watch list with the FBI. True thing, by the way, Merrick Garland, Google it. He's going after General Millie. Everything he ever did was establish a media, General Millie, elites, elites, elites, elites. So that's why. So General Millie is an elite because the general, General Millie is an elite. Yeah, I think that that's pretty much it. I'm saying that, okay So that's why. So general millies and elite because the general, general millies and elite.

Yeah, I think that that's pretty much it. I'm saying that, okay, that's, that's what elite guy who has the guy who has the chance. I think of a lead on speaking, I'm thinking tech gazillion. No, I think maybe redefine swamp is more millied than elite. Elite, he's elite.

Yeah, but elite in his eyes is the billionaire. Much higher. The desire of the world. Much higher. Without knowing anything about money, Elite in his eyes is the billionaire. Yeah, the worst of the world. Without knowing anything about money, I guarantee you're saying access, you're saying power. So millions is a curated bloodline.

I mean, beyond, beyond Zuckerberg is the top pond. I mean, we're talking, you know, it's, you know, well curated bloodline, go on with that. No, no, no, that's for, you know, off, off the air. But that's guys that have a lot of money or something. It's beyond money, it's power, it's, it's control, it's not. The general, you see these guys occasionally, oh, just, they're gone. You know, I mean, there's a new, you know, there's a new guy.

Is there one general that Trump actually gets along with now? Matt, it says out. Well, look, uh, general Kelly's out. Guys, we, Millie's out. Why does Trump not gets along with now? Matt, it says out. Well, look, General Kelly's out. Guys, Millie's out. Why does Trump not get along with any US general? To go ask that question. To talk about Garland. OK, there's a great clip you could find on YouTube

where Hunter Biden paints pictures and they're selling for like, record, record prices. Higher than a Picasso sketch was sold and and they ask Merrick Garland don't you see a problem with this and he's like no I don't see me yeah problem well it's a big deal anonymous buyer I support arts I mean come on you know so you see this thing I mean imagine if Eric Trump was painting pictures and people were buying them for a million dollars and he was getting the money and this is all but look you But look, you guys, for a billion dollar deals

that you've trained for the big guy. Right, all these things that you're talking about, my hope for people back to your talk about them, you're talking about meritocracy. You like this country because you were able to know the rules and get to work and use your creative intellect and ability to build something, okay? So my hope for everybody listening is that you can start writing gigantic income tax

checks because that's when the light switch goes off and you're thinking changes from being all distracted about news stories and I know all the people, like I'm friends with them, up the road, I know all these people and I know how stories get produced and I know what when they say Zucker knew about I know the boom that's not going on the the rag today nice effort you're out of here. I know journalists make 50 grand and resent all the people that they write about. So I know all this stuff but my hope is when you're listening you can get involved with your pen, writing the check saying, what do they do with all this money? Because you're thinking changes.

And it's not a political thing. But you start thinking the way you're thinking of like, wait a minute, this is the best restaurant. You know why I know this? I've been to the other restaurants, you know, and there's rats in there. And it's really bad, you know, and this is why this is the best. And everything changes when you achieve some success because your whole perception, it switches from all this noise to what's real. I think that's a great way to finish off.

We got two minutes here. Very good point you just made there. Go see what it feels like to pay a lot of taxes. And then you're gonna say, what the hell am I paying the taxes for? And it's just as simple as, I remember one time Jose Andrés, God blesses so one of my good friends,

great guy with Peruvian, he would cook very good for us on Sundays. He's an LA, and I'm pitching him on Texas, and he comes to Texas, we get in the car, and I go in a tollway, the express lane, and it says $3, and he says, wow, we don't have this in California. You pay $3 to go in this lane?

I said exactly. I said, here's how taxes should work. You pay taxes for what you use. I don't have to go in the slain, I said exactly. I said, here's how taxes should work. You pay taxes for what you use. I don't have to go on the express lane. But in California, I have to pay for taxes. One thing I never use. This is why I like taxes like taxes. And you said, I never thought about it that way before.

So it goes back to pay a little tax and you see what happens. By the way, a couple of things to wrap up with. This is exactly why for me. When you say, some people get pushed back and like, oh, I don't know. We have to apologize We have to apologize. We've had this conversation many times before Mafia states America's has been a big hit Do we think this many thousands of people were gonna order this on the first three four days?

We we had a number for the first month and that was not the case It was record breaking the commentary is unfriicken believable Here's just some of the comments of people saying on Twitter, on YouTube, on Facebook, all over the place. Just this sit down alone was gangster thanks to all what a tremendous job, Patrick and the University of Mesa serves, maybe the best interview of all time. Watching it all over again, it's amazing.

Four episodes and totally worth the wait, well done, PVD. Can you go to the next slide? Because I wanted to be more about the show. The Godfather just took a knee. There's a new boss in town Mafia States America will go down in history as one the one the three greatest pieces of work concerning the largest criminal enterprise In the nation's history aside from the government way to go by it and bring in these two men together and Mayer in this fashion puts to sleep every movie book podcast and interview prior best of luck on your next project Because this will be hard to top in closing. Let's go to sleep every movie book podcast and interview prior best of luck on your next project

because this will be hard to top in closing. Let's go. Wow. What an amazing sit down by George Cortez. I would I could watch this a million times over and never be tired of it. Would love to see a second sit down answering more questions. Mob related like JFK the a wife series, et cetera, et cetera. Keep going to the next one. This beats Hollywood, anything out of Hollywood, Joseph Cifuentes, Lex Holistic Investing.

Wow, I knew this was coming, but you went the extra mile amazing content. As always, great job. It's worth every penny. Marius Cernus, best way to spend $40, beautiful projects. All the right questions asked so many names shared to confirm that both guys were a part of the life at the time we were. Anyways, there's like hundreds of comments on this and emails are coming to the left and right and a bunch of people have already binge watched and they're sending us messages.

They can go to mafia statesamaricalrightnow.com to order the 10 episodes. I will say one thing that this made me think about. We talked to each other and we said if we hit this many numbers of subscribers to the show that watch it, we're going to do our first feature film, right? You know the number we've talked about, right? The point I want to make to everybody that's watching is if you want to see somebody else get in a marketplace to compete against mainstream media, support platforms like this. It doesn't have to be us. If there's somebody else that you see that's willing to fight it, go support it. Support by buying a product, subscribing. There's a lot of great platforms out there as well. But if you like what we're doing with Vayetaymon, you'd like to see us doing a couple feature films

where it's the heroes, the capitalists, the heroes, the entrepreneur, the heroes, any of those stories that we take to the next level, we're excited for all of you guys that have supported us from day one, but now we're kind of going to the next part because now things cost money. You know what's funny? People said, well, your interview with Sammy DeBull, Gervano, that got 13 million views, that probably made you half a million dollars. So I'm going to creative studios. I don't think people fully understand how you don't have to do this. No, no, but let me tell you what I want to show him. Okay, I'm going to creative studios right now and I want to show this Check this out. How much money you think Sammy Gervano's interview made? I actually want you to guess

How much money in million? 13 million views. This is 13 million views from YouTube. I want you to look at this Okay, what do you think that's made in its lifetime? What do you think that's made in its lifetime? How much 100,000 dollars? Okay grand. How much? 100 grand. 100,000 dollars. OK, you ready? Here you go. I'm going. Since published, 100,000 dollars, you said 250.

What do you think 13 million views has made? 250,000 dollars. No clue. Here's how much 13,000,000, 96,000 views has made on Sammy Gervano. Can you say the number? Am I looking at this currently? That's like 11,500.

That's lifetime, 11,500 dollars. What? Is a semi-Gravano interview, 13 million dollars because YouTube doesn't pay at cents and have to stuffy talks about. So, it's for the nerf, you. So, kids, what Pat's telling you is, if you want to be an influencer when you grow up,

you better have a day job. I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be,

I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be,

I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm gonna be, I'm tell you, I really enjoyed this. You being on great conversations. We're looking forward to having you back on here. One of these days, I will tell you, when you are walking out with that money, make sure Caroline's escorting you out to be safe. I don't think anyone wants it. I mean, if I had an NFT, maybe I'd be in trouble, but with this, no problem.

No, the way that you can get the cash on the table or no, that people see the cash and everything that's on the table. For those of you guys that are planning on having a big 2022, we are doing a business workshop that will happen December 20th. It's a full day event that I'll be hosting. If you haven't registered for that, let's put the link below as well in the comment section for people to participate in that.

Also Pat, so people know in the last Instagram update, so people that don't know talking about you know access to this and how they do their ad sense as well in the last Instagram update whether you know it or not whether you agreed to it or not they switched in your settings to You can't see what they determine as quote-unquote sensitive content So if you haven't seen our content lately if you haven't been notified and you don't know why go into your settings and make sure that you change Your content setting from don't show me sensitive content to show me sensitive content. You have to manually go into your settings on Instagram and YouTube and change that from don't show me sensitive content to show me sensitive content.

Another example of the Land of the Free. Land of the Free. Yeah. But you know Pat, in closing too, I mean I think what we one thing we figured out was that, you know, the time to buy your insurance is when nobody wants it. And if people can kind of think about that with everything they do, right? I mean, if everybody wants something,

maybe you sell it. If nobody wants something, maybe you buy it. I mean, there's a lot to be made in this opposite thinking. Or not, you don't go extreme, right? You don't go extreme. Like you don't get out of Twitter for some. It's not, come on, don't go extreme right you don't go extreme like you don't get out of it. It's not yeah come on don't be ridiculous but you know but you may be you you tweak and you adjust when things are like that and then if everybody's panic to then you say okay you can buy this FYI I was looking at the

commentary people loved you thanks for coming up. This was great really enjoyed it yeah take care guys, bye bye, bye, bye, bye. Correct. you