PBD Podcast - EPISODE 200! Home Team | PBD Podcast | Ep. 200

Episode Date: November 1, 2022

In this episode, Patrick Bet-David is joined by Tom Ellsworth, Jedediah Bila & Adam Sosnick to celebrate episode 200 of the PBD Podcast and discuss Antonio Brown, Kanye West, and the declining hou...sing market. Try our sponsor Aura for 14 days free - https://aura.com/pbd to see how many times your personal information was found on the dark web today.  PBD Podcast Episode 200.  Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Text: PODCAST to 310.340.1132 to get added to the distribution list Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Transcript
Discussion (0)
Starting point is 00:00:00 I know this life means for me. Yeah, why would you plan on July 1st when we got bad day? Now you came in giving values, contagious world, I want your pinoas, we can't no value that hate it. I didn't run home, you look what I've become. I'm the one. Okay, so if you love home team podcasts, when we just talk about issues, different topics, you're getting what you ask for today. We have Adam in the house, Tyler's best friend today.
Starting point is 00:00:37 We have Jettaday in the house, and Tom's in the house as well, the biz doc, and we got a lot of stuff to talk about. Hello. A lot of things. Tom's got some new charts to talk about business wise. I got a few things to talk about in regards to the economy. Jets got some things to say about Hocal, New York. Liz trusts apparently texted something to Tyler. Who did she text to? A Secretary of State, Anthony Blinken. And say it's done. 10 minutes after the North Stream, North Stream pipeline was hit. She says it's done 10 minutes later, which is kind of weird.
Starting point is 00:01:08 And in next thing, you know, she resigns that quickly. Little weird. We'll talk about that. Russia says UK Navy blew up Nordstrom Pipeline. Again, part of that story. We're gonna bring in our friend, oil expert. He's gonna be all right. He'll be, like at the later half, I'll like 10-30, if you really wanna know what's going on, that's his world, he's gonna give us a little bit of insight. We'll talk Musk, we'll talk Twitter, Adam wants to talk Kanye, maybe we'll talk a little bit about AB and a few other things that's going on.
Starting point is 00:01:37 Tom's got one topic of sports, Aaron Judgy wants to talk about, because Tom has a prediction of where he believes Aaron Judge will go go next and it's definitely not the Yankees. I'll let him tell you that. Okay, so AB interview after was done. What? What? Did you watch it yourself again or no? You haven't seen the whole thing? Yeah. No. You haven't seen the whole thing. Did you watch any of the clips? And what it go crazy again? So it was on Sports Illustrator picked it up. New York Post, it was bar stool, Fox, was daily man. Don't crazy. Yes, did you see the clip a be made about me on Twitter as a
Starting point is 00:02:07 hoax as a not a hoax as a Perotie Perotie a Perotian slip a perotie or We had a good time, though man, but of anything he could have said about you He made sort of like a gay reference or what was that joke? Yeah, to say when I date guys is what he said. Our pro-lodian, pro-lodian slept. You have to say whatever. You have to say whatever. I retweeted it. It was so fun.
Starting point is 00:02:29 Yeah. I said I can't get him credit. He's up there with troll status. You know, major troll status. I don't think he's on. I think he's that. Jake Paul Elon Musk, troll status. But let me tell you what he did.
Starting point is 00:02:40 He's going there. Let me tell you what he did do. He made me watch CT videos all week and long. And I had Dylan and Tiko watch a few videos on CT. Let me tell you what he did do. He made me watch CT videos all week and long. And I had Dylan and Tiko watch a few videos on CT. I will tell you that, just so we can get a little bit smarter on how it happens, different sports that happens,
Starting point is 00:02:56 the consequences, how to prepare for it, if you can, if you can't, choices you gotta make. So it caused us to have some real conversations in the house About sports. It's a real history. It's real issue. I mean look at Biden That came out of it. We have this rumble like that's when you know out of anything you took from the interview You're focusing more on CTE Yeah, because everything else, you know look the the most sensitive topic to him was CTE Yeah, it, the most sensitive topic to him was CTE. Yeah.
Starting point is 00:03:26 It was the most sensitive topic to him, which means you're not sometimes you fear something, you don't want people to bring it up and you keep bringing it up because that's what you fear. To me, he fears that maybe something happened. And I watch the clip of him getting hit again. It's a disturbing hit.
Starting point is 00:03:44 Yeah, a disturbing hit. I actually have a different perspective on that because I've had a chance to really sort of recalibrate of what he was, why he was so focused on the CTE thing. So let's just play devil's advocate that he does not have CTE because if he would have just sort of clarified,
Starting point is 00:04:00 his biggest problem is that you could give sort of a nuance to here's my opinion in 10 seconds or less, or you can just become argumentative and spend a half hour just kind of beessing your point. Ultimately, all he had to say was this, two things. Number one, I've lost many, many good friends, counterparts, wide receivers specifically, Vincent Jackson, who was the other one that he referenced.
Starting point is 00:04:26 There was Vincent Jackson. They mentioned Junior Seo, not a name. Junior Seo had that linebacker. There was another White receiver, Demarious Thomas, okay? These are people that played his exact position at the exact same time that were exactly pro-boulders like him. So there's definitely an emotional component like like guys I know at my position at this elite level died of CTE. So he didn't express that like poignantly enough to say that's why this is so insensitive to me.
Starting point is 00:04:53 Number two, all he had to say was this, bro, I don't know if I have it, I don't have it, I don't want it, but you're not going to know until I'm dead. So you're essentially wanting me to die to find out. And I think that's why you become so emotional about something like this But there is an angle that said don't judge me and assume I have it and judge my actions by it There was a coin in there like that, but you're pre-judging it. You don't even know Exactly and then and then obviously it's a sensitive topic, but I'm gonna give him the You know benefit of that benefit of the doubt that he does not have
Starting point is 00:05:25 frequency to eat, but is a very sensitive topic to him. And he does not do an amazing job of expressing why he feels so strongly about it. So that's my two cents. Yeah, you know, the one part when you watch him and you watch Kanye, I thought he was trying to talk like Kanye, but he's not Kanye. You can't copy creative genius. You know, Kanye, in the creative side, forget about his opinions about whatever he has. As a creative, he's a genius.
Starting point is 00:05:54 And a lot of the time when you try to copy creative genius, you're gonna feel it's not easy to do. It's impossible to duplicate creative genius. There's only one of one. Anybody you think of that super, super creative, they're one of one. You don't have seven versions of a musk. You don't have six versions of a Kanye. You don't have, you know, 18 versions of it.
Starting point is 00:06:14 It's one of one. And I think he's trying to be somebody he's not. Well, like you said, like, oh, you wanna go be the next Andrew Tate, best of luck, homie. Go try to duplicate what Andrew Tate does, the way he talks, the way he acts is Pat agree, his background, everything he's been through, not gonna happen. Here goes somebody just commented, a super chat, PBD, I'm going through a new test now for CT. It's not just from football,
Starting point is 00:06:35 although I did play in a mine is from getting beat in the head, have a great day. Okay, all right, so listen, there's a lot of ways to get CT. For doctors, one of of them, by the way. But look, before we get into all these topics, sorry, before we get into all these topics. Yeah. Good. You wanna finish your thoughts on this? I don't wanna make the whole AB2 hour interview about CTE.
Starting point is 00:06:53 I guess you asked for my final thoughts. What I will say is I think you did a, him a very good service of saying, don't judge the full interview by the first hour. Watch the entire interview to get a full perspective on this guy. I happen to believe he showed up drunk. I think he was a little fucked up, high, showed up,
Starting point is 00:07:11 and then like, he was the way that you introduced him. Actually, wasn't that bad, but he made it an issue. He kind of came in argumentative, but I think as like when we literally took off the headphones and we're like, listen, we don't have to do this. We're doing this because we would like to. You could leave right now. I think, you know, put down his guard.
Starting point is 00:07:28 We all put down our guard and like cooler heads prevailed. And the second half of the interview, we truly had a very informal, like, almost like, off-camera dialogue. And I think that was the real him. Yeah. Well, you agree? When we prepared for the tension,
Starting point is 00:07:41 like, it was watching it, I was like, whoa, you know, I didn't, were you prepared for the tension, it was watching it, I was like, whoa. Were you prepared for that to go in a wild direction? And what would you have done if, were you prepared for the option of, let's say, it was like, I'm outta here. Do you ever think about that going into a show? No, it's not a problem.
Starting point is 00:07:57 He had a bodyguard sitting right there. Not a small guy sitting right there. Okay. And every time he would say stuff, he would look over there and at one point, he got up ready to, if things were gonna get heated. Oh, wow. And I got up, he thought I was getting to leave.
Starting point is 00:08:12 I got up because I was getting water from the corner. But, no, there was a couple moments where I said, this thing can go any direction. It was like, you ask him questions. You act like a girl. You act like a girl for not answering the question. There was a lot of back and forth and I was at them, but I thought it was a great interview.
Starting point is 00:08:31 I appreciate him for coming out. The audience gets to choose for themselves. How they want to judge him or us, or if there was any clarity that came out of it, I was trying to get something out of it for Brady, just so you know, right after the video came out, six hours later, he put up one of his new shirts online, did you see that one that has to do with divorce attorney?
Starting point is 00:08:50 Call me for divorce attorney? You know, again, taking a shot at him, so it's obviously, he's doubling down on whatever he believed in. There is no, let me reposition myself. Let's point Pat, let's point. This is what I think, and people want authentic, real people, real conversations, and I think and people want authentic real people real conversations. And I think that's what we're doing here on value taming. I think it's had a lot of podcasts
Starting point is 00:09:09 are doing. And I think that's what people want because imagine if our interview with AB was 10 minutes. Quick quick quick quick quick quick quick quick quick quick quick quick quick quick you're not going to really understand somebody. Not going to really get to the the heart of the matter. And I think that's why an hour, two hour podcast is so important, especially in today's culture. I agree. And like, whether it's debates, like we all have our issues with presidential debates or obviously what's going on,
Starting point is 00:09:34 it's sound bites. But you really get to know people more when you can fully express yourself over the course of time. All I know is the weirdest people texted me. Apparently the weirdest people texted you as well about the interviews. People haven't talked to for a longest time. Send a me a message saying,
Starting point is 00:09:47 how the hell did you guys sit through that, et cetera, et cetera. But it is what it is. So okay, for some of you guys, I don't know who ABS is. Antonio Brown played in the NFL, was a teammate of Tom Brady. Left posted some pictures about himself in Jezelle, which is Tom's ex right after they announced a divorce.
Starting point is 00:10:02 So his timing of trying to be a troll wasn't the best of timing or it was intentional. And so that's why we invited him to have the conversation with him. Anyways, before we get into all these topics, we got a lot of topics to get through as to 200 episodes that we have. Let me give a shout out to our sponsor, Will Quik, which is Aura.
Starting point is 00:10:18 Aura is somebody that now is also sponsoring your show, which you had to test yourself to find out how many of your passwords they were being used in a dark dark with what number did you find yourself? I got 44. 44, 44 times your password was being compromised. If you don't know this folks, the fastest growing crime in America today is identity theft. It's happening all the time. It's happened to me. This is why we do these types of things. We'll bring a sponsor like this and every 14 seconds it happens, last year it cost Americans $52 billion.
Starting point is 00:10:49 Just last year, it's officially the number one crime in America ahead of robbery. And this has happened in regularity. We have people that went in here that took the test as well to see how many their passwords being used or not. You can do the same yourself if you go and take the test. And for those of you guys that are part of the content, you follow value tim, you follow
Starting point is 00:11:06 PBD podcast, you're going to get a free, free 14 day trial. All you need to do is go to aura.com forward slash PBD. Once again, aura, a you are a.com forward slash PBD, a you are a.com forward slash PBD. Go find out how many times your personal information is being used on the dark web it is a must because if you do go through this mess it's ugly it's annoying it's the last thing you want to deal with having said that let's get right into a time tell us I feel about the economy right now look at the Dow the Dow is up you know everybody's like oh the market's recovering the market's recovering the market's coming back up
Starting point is 00:11:42 and then you're seeing 32,000 something on the Dow. This is all a bunch of BS unemployment is down, markets doing fine, why are people so worried about what's going on with the economy? What do you see on currently going on with the economy? Well, given that we pump so much dollars into it, asset prices are inflated, and one of those assets is equities, stocks, stocks and companies. When you take a look at what's going on right now, you have a tale of two cities happening all over the stock market.
Starting point is 00:12:09 It's not a barometer of what the average American, what America is facing economically. For example, Snapchat, down 90% for the year, oil and gas stocks, up 35%, 40%, what it was, depending on who you talk to, I don't think that's the full sector. I think the full sector is like 17 or 20 or something like that. But still, you've got sectors that are up. That Dow is not what is happening in America. The Dow is merely the stock market, and when you pump so many dollars into it, this is
Starting point is 00:12:39 why so many asset classes, like trading cards, artwork, gold, and a lot of things were up because the housing prices over the year, those are all assets. And so a stock, what America needs to think about if you're listening, think of a stock as a house that's overpriced. And that makes the Dow be really high. Think of it as what you're hearing about on artwork and trading cards, which if you own them and you bought them two years ago, you're in a really good place. You may want to get out sooner than later, but that's what's there.
Starting point is 00:13:09 The average American is facing the inflation that still hasn't changed. You go take pictures of the gas stations in California, and it's not a narrative story, so you're not going to see the mainstream, but Californians are still suffering with energy causes and pricing at the pump. You go straight to the back of the store and look at the price of eggs and a gallon of milk. The average America in that shopping basket and what they have to buy, electricity, gas, the inflation is still there and it's hard on them. When you see the stock market and all the celebration, just remember, does it have stocks
Starting point is 00:13:45 or assets just like housing and trading cards and they're overpriced? I want to show you a couple charts here that I've got. Okay. Let's start off with this one here. So check this out. This is from 2009 till today. Green represents all items. Orange represents food.
Starting point is 00:14:02 Look how much prices have increased. From 2020, go from election right there. From 2020, look what's happened to food and all items. Skyrocketed all the way to the top. This is the worst we've had in many years. So who feels this? If you're going shopping, you go to the market, you're feeling it. Jennifer comes back and tells me, babe, prices are higher. I used to spend this much. Now I'm spending this much Go to the next one if you look at the economy today
Starting point is 00:14:28 median weekly earnings as weird as it sounds it peaked at 2020 when Election was taking place the moment Biden got elected look what happened to median weekly earnings dropped this is again These are sources that I'm reading from Bureau of Labor statistics. This isn't CNN, this isn't MSNBC, this isn't Fox. This is purely coming from the source. So, things are more expensive. Income is a lower for full-time worker. Go to the next one. Consumer sentiment index. This shows how confident they are like, the more it is in the blue, the better it is, which means if it's in the blue, if it's higher, that president's gonna get reelected. They don't typically not get reelected.
Starting point is 00:15:07 Unfortunately, the only one that didn't get reelected was the one that shows Trump, because according to history, typically if consumer sentiment index is high, that president gets reelected. But watch what happened after 2022, go to the next one. Here's what's happened since 2022, since 2020. It's the lowest it's been
Starting point is 00:15:26 even lower than 2008 when you look at that, which means the, if you're a betting man, do not bet on somebody on the left to win. If you're purely going to Las Vegas to bet, that red is the lowest it's been. And by the way, look at the source. This is University of Michigan that you're not talking about Liberty from source. This is University of Michigan. You're not talking about liberty from Michigan. This is University of Michigan. This isn't Hillsville College. This is University of Michigan. Flat out telling you what's about to happen
Starting point is 00:15:53 in an next election and go to the last one. Consumer price index. This is last 40 years. Okay, look what that looks like, inflation. That is not an exciting thing to be looking at. Okay, I had a guy call me from LA and him and I are having this conversation together. He says, look, do you have any interest
Starting point is 00:16:12 of ever getting to the mortgage business? I'm like, are you serious? He's the top mortgage guy in LA in Glendale. He says, do you have any interest again to the mortgage business? I said, I'm good, man. I don't have any interest in business. Well, you know, when it's doing so well,
Starting point is 00:16:26 you can make so much cash. I'm not interested in cash. I'm interested in equity. I'm interested in building the company. He says, the following to me, flat out. What I liked about him is he had zero, he got his part. I don't care what anybody's telling you. This is a different guy than the other guy spoke to.
Starting point is 00:16:40 He says mortgage, rei business is down 90% 90% is down. We're doing no refi, we're doing none of that stuff. Do you have the Yahoo Finance article about Las Vegas, how Las Vegas Board of Realty? They asked them, they said, so what's happening with, because you know, the way to judge it
Starting point is 00:17:00 is to find out the Board of Realty in each city and state and how they're doing. And a lot of times they judge it based on Las Vegas. So watch this article here. If you can zoom in a little bit more so we can read it a little bit more, a little bit more, okay. Housing market active, this is from six days ago. Housing market activity is crashing
Starting point is 00:17:15 and it threatens to push US into recession just like it did in 81 in 2008. Now go up. If you look at the data where it talked, there you go in the middle. Zoom in a little bit. Las Vegas is one of the leading indicators for home price action in the housing market, like we saw in 2008 and the frenzy.
Starting point is 00:17:33 Recent frenzy, we are absolutely feeling the heat here. The buyer pool has for the most part dried up. Says, real estate agent Las Vegas to fortune, go a little lower, go a little lower because now they're talking, go keep going, keep going, keep going, keep going, keep going, keep going. Story continues, keep going, keep going, keep going, keep going. Right there, right there. Realtors are feeling it big time as well. I put a call into the Greater Las Vegas Association of Realtors and employee I spoke with said
Starting point is 00:17:57 that they are averaging, they were averaging 300 new members every month, which means like 300 new realtors every month. This month she has estimated 120. However, she's been processing about 30 realtor withdraws a day, not a week a day. That's 900 negatives. A month town. Wow. That means every day around 30 real estate agents in Las Vegas alone are calling it quits.
Starting point is 00:18:21 Okay. And if you go a little lower, she'll talk about the fact that 38% is down, look for the number 38% keep going, keep going, keep going, keep going, keep going, keep going. Anyways, there's a 38% number about what's happening with the ReFi business. So it's a very interesting market we're in right now. Different economies are feeling it.
Starting point is 00:18:40 People are feeling it, but a lot of times people who don't want to talk about what's really going on with the market, all they're talking about is unemployment, and the unemployment numbers are going to be felt next year, not this year. Person asked me a question on Twitter, and Jed, you were asking me this question, I'll say this and then we'll toss it around to the rest of you guys. Is this a good time to buy? And my advice is very simple. If you're thinking about buying a house today, buy a house today, but make the offer you would make a year from today. So if you're buying a million dollar home, make a seven seven D offer. If you're buying a $600,000 home, make
Starting point is 00:19:15 a $490 offer. If you're buying a $450,000 condo or home in certain parts of the country, make a $370 offer, but do not make the offer you would make in today's economy, because there's still room, I believe, for these values to go down the next 12, 18 months. Yeah, Zillow is showing, you know, this is the average run-up of the last year. And so we don't wanna say the address or anything on here,
Starting point is 00:19:40 but you can take a look at that path. You see that lump, that skyrocket right there over the last 12 months is an illusion. So you have five years of some modest growth, two, three percent just growing along. See there? And all of a sudden, WAM, we print money, the asset changes. So let's go take a look at this house. What was it, you know, October of 21? 1.3. Yeah, so right now it's at 1.8, it was 1.3, and then go back to October 20. It's $8.80. So, if you were going to go buy this house right now, you would go in there and say, probably
Starting point is 00:20:21 1.1. That's exactly what I'd be making a million dollar off from that. That's exactly. Your advice path is absolutely true. I look at it this way. I did a little research for some numbers or some basic numbers. I'll do this really quick. Right now, let's say someone is buying a $500,000 house. That's it.
Starting point is 00:20:39 And you're going to do a 30-year fixed and you're going to put 20% down. So standard, standard deal. In March of this year, you would have had a 3.5% mortgage or an $1,800 payment reasonable, you know, for a family. Right now at 7.5%, that's $2,800, up $1,000. At 10.25%, or you and I both think this is going, it's double, 3600 dollars. So the buyers are being crushed. Now let's go the other way. Let's say the 1800 was all that I could afford as a buyer. When the interest rates at 7.5, the $500,000 house I can afford, I can only afford a $325,000 house.
Starting point is 00:21:26 So my buying power is down almost 40%. So what you have right now, if you are out there and you have to change jobs, you're being forced to go to another city right now, I would seriously consider not dumping the house you have, least the house you have, because you're not gonna be able to sell it right now. And the price is gonna come back down. But where you're going, the interest rates are so high. So if you sell, where do you go and what do you buy? Your payment, no.
Starting point is 00:21:58 You know what confuses me is the following. Those who are delusional because they're in the industry and they're saying that's not going to happen. There's a very big difference between power of positive thinking and not understanding that the only the paranoid survive. I believe you should read both books simultaneously. Read the book power of positive thinking because it's good to have a positive attitude but do not be delusional because you're in real estate and mortgage is thinking no it's not gonna happen your equal rates were roughly 2.9% in May when Dave Ramsey called it fear porn rates were at 5% and today rates are 7.5% for 30-year interest interest and everyone's saying it's not gonna go to 7.5% never what are you talking about do you realize from 1981 or 82 I don't know what their year was
Starting point is 00:22:42 for about nine-year straight interest rates in America were above 10% Yeah, can you pull that up please? Do you realize for this is the part where people are absolutely Delusional go to the rates I sent you know, it was one that just showed the charts there you go That's the one. Yeah, this is Paul Valker's and let's Halloween so check this out zoom in zoom in so everybody can see Let's first look at the first chart at a right which what we've been used to for the last 20 years. Yeah, go to the right. No, no, don't worry about the stuff on the left. Okay. So what is it right now? Go the lower, go the lower, lower. Okay, 2021, 2.96, the 2010, three, three, nine, four,
Starting point is 00:23:15 five, three, nine, three, six, three, eight, four, one, three, nine, three, six, all right, so cool. This is what we're used to. This is BS. This is a lie. 444, This is BS. This is a lie. 44465. This is a lie. Then it's real. 666, keep going. 6.36.4. Go to 2005. To, okay, 5858, 5858.
Starting point is 00:23:36 These are numbers that we need to stay around. 6569, 8. Now watch. This is 2000. We're at 8.7469, 767 2000, we're at eight, seven, four, six, nine, seven, six, seven, eight, seven, nine, eight, three, seven, three, four, straight decade, it's around seven plus, right? Now you got 1990, just 32 years, it's at 10.13, it'll never crack, 10%. It won't happen. Okay, go to 1989, let's look at 89. Now watch what happens. So that's two years, three years, four years, five, six, seven, eight, nine, 10, 11, keep going, 11, 12, 12 straight years. 30 year fixed rates were above 10%. Let me say this one more time.
Starting point is 00:24:14 For 12 straight years, 30 year mortgage rates were above 10% and people are saying it's not going to go to 10%. Brace for impact folks. Read power of positive thinking and read only the Perino would survive long term everything's gonna be fine short term these rates are gonna get to 10 points I hope I'm wrong believe me because I'm trying to also participate got taken a hit on a few deproperties I bought I hope I'm wrong but it's going this direction and right now what's really interesting also right now today I think it was a
Starting point is 00:24:46 Diana Oleca on Cmbc reported. She's the real estate reporter. It tends to be pretty balanced, not sold out to the industry. The listings are up 36% year-to-year. So listings are coming on right now as sellers are trying to get in. A certain class of seller trying to get in and sell the house to somebody. God, please somebody, buy my house right now. And you have the interest rates here. So I think that the last, we've had the interest rates go up, we've had the housing start stall, we've had the purchases from builders, like told brothers saying nobody's walking into buy, so they're stuck with inventory. All of those things have happened. The next thing's about to happen, price.
Starting point is 00:25:26 Just think of supply and demand. The supply is up 36% over last year, yet the buyers have lost 34% of their buying power. The next shoe to drop is the price. And I used to say, hey, I've been saying, people have been listening to the podcast. You've heard me talk about real estate and the economy saying, next June, now I'm saying next October.
Starting point is 00:25:48 So I was looking at beginning of Q2. Now I'm looking at the beginning of Q3 where I think that window is going to be open where the rates are going to be coming back a little bit and you're going to have an opportunity. But between now and then, you're going to have to, if you've got to move, then you don't put yourself in a bad purchase, find a way to lease a lot less and just get through the storm. Think about the stress on people's minds, though, going into these midterms.
Starting point is 00:26:11 I mean, all of these topics we just talked about, buyers stressed out, renters, by the way, very stressed out because the rental market and a lot of these desirable places, including places like Florida, Rents have gone up. People go to the grocery store, they can't afford the prices of good and services inflation has been probably the biggest thing that people can actually feel tangibly every day as you start with your wife at the grocery store. There's all these headlines that say the recession is coming and people are like, we're
Starting point is 00:26:35 not there yet, I'm feeling every day, like I'm struggling. They are already feeling like they're there and now they're thinking, well, if the bad's not here yet, what's that going gonna look like for me and my family? And I think the only hope for people is a shift in politics. They look and they say, okay, is there gonna be a shift here that's gonna change things? The midterms, I think, will be a GOP,
Starting point is 00:26:55 pretty, pretty intensive sweep we're gonna see. I mean, it's even interesting to look at the New York race. I don't know how many people are following, Hocal and Lee Zeldin, but Lee Zeldin is actually in the lead, the Republican in some polling there. It's insane. That's insane. You see that happening in New York City.
Starting point is 00:27:09 Insane in New York City. A race that should never be that close. Right. So there's going to be a shift, but then people look and say, well, if there's a shift in the midterm, sometimes then there's backlash in the next presidential election against the midterm.
Starting point is 00:27:19 So I just feel the stress of people all the time. And when I get, you know, reach out from people on social media, they're always like, where, what do people do who don't have a cushion? You know, it's one thing to go through times like this when you have a cushion. What if you're, you don't have that.
Starting point is 00:27:35 You've got your one home and you're trying to relocate and you do need to sell it. Like there's just too much going on that people feel like they're back into a corner. And I think ultimately though, I think stock market aside, all that aside, I think is going to be the price of goods and services because you can't get from today to tomorrow if you can't pay for the stuff that's in the grocery store and put gas in your car. That's going to be the leading issue, the inflationary issue.
Starting point is 00:27:56 And I don't know what Democrats are going to say when you look going into these midterms. We're very close. It's coming up next week. I don't know what they could possibly say that would go against the reality that people are facing i mean the reality is people are hurting and when people are hurting they want to change regardless whether you know you can put all the blame on the democrats or what they're going to say let's change something maybe that'll make it better so i think
Starting point is 00:28:17 republicans are in for a pretty extraordinary win next week across the board yeah and and it's it's funny because you talk about Hocal. Here's what Hocal said. Hocal claims Republican crime concerns are conspiracy. Governor Hocal claimed worries about crime ahead of midterm election were a conspiracy and set her opponent Lee Zeldin and other Republican critics were data deniers. These are master manipulators. They have their this conspiracy going all across America,
Starting point is 00:28:43 trying to convince people in the democratic states that they are not safe. Well, guess what, they're also not only election denies, they're also data deniers. Safe places are the democratic states, she said. Murders were down 14% in New York City compared to last year, but all other major crimes were up, including 33% rise in robberies and police statistics show. When you hear her say stuff like this, here's what I ask myself, because she said this on the show yesterday. Does the voter believe her?
Starting point is 00:29:12 And if yes, what percentage the voter that would vote, blue actually believes her saying that. What do you think the voters think about? So the voters don't believe her because this is a, you don't see what you actually see liberal. She's out there, you know, she's a big government girl and this has been her motto throughout by the way for the last year to half or whatever it's been. You don't see what's actually happening. You don't feel it. You're not really afraid to walk to the grocery store and people are like, no, actually, I am. So that's not going to be a successful argument. The problem in a place like New York is that you have a bunch of voters and this happens
Starting point is 00:29:46 in very liberal cities oftentimes where they will vote Democrat regardless. You could put the Castro on the voting belt. They don't care. It's like, Dei, that's, oh yeah, they won't care. They will. They will decide to be fair. To be fair, they have both sides absolutely do that. The problem is is that when she's the problem, you need someone to, what you need is a voter
Starting point is 00:30:03 to say, this stuff's not working. Maybe I've always been a lifelong Democrat. Maybe I support the ideals of the party as they once were, this stuff is not for me. What's more important to me right now is my safety and security and the safety and security of my family and of story. And they have to call her bluff.
Starting point is 00:30:19 So they have to be willing to say, sorry, Kathy. And by the way, allow yourself to be insulted by this. Because again, this is the left in fandalizing you. I talk about this all the time. By saying, no, no, you. And by the way, allow yourself to be insulted by this, because again, this is the left in phantomizing you. I talk about this all the time by saying, no, no, you're a little baby. You're a little baby and you don't actually feel what you feel. You need to be able to respond as a grown person. I don't care. Liberal, conservative, Republican, Democrat, and saying, no, actually, I do feel it.
Starting point is 00:30:37 I do feel it. I had to, you know, I'm afraid to go to walk my kid to school every day. And it's because of a lot of the policies coming out of liberal DAs in New York City that allow criminals to roam free. So have a response and feel okay with that. Even if you are a lifelong Democrat and that your commitment to the party and the cause, something's gone wrong. Can she lose? I think she can lose.
Starting point is 00:30:58 I don't, if I had to guess, I'd say she probably won't lose, but the fact that it's this close, the fact that it's this close in New York state tells you what's going to happen in other states around the country that are not New York, which it's gonna be a GOP sweep. But Jed, let me ask you, she took over after Andrew Cuomo was given the left talk, he's out.
Starting point is 00:31:23 Yeah. So it's not like she had this like sort of left hook himself to be the governor. She was sort of the fill in to replace him. It wasn't like there was this groundswell of people. We love Kathy O'Holecone. She got elected. She was replaced.
Starting point is 00:31:36 She got in clearly things in New York have not gone well over the last few years. So it's not like there's this major base that she has, other than the traditional blue, Democrat, liberal, New York base. So anyway, I'm just pointing that out. It's not like she was elected, she was replaced. Part number two is me, at least at this point in my life,
Starting point is 00:31:59 like it's very hard to just trust what politicians say in general, left and right, but especially during election season, during midterms. They're just gonna say whatever they got to say to get elected, politicians say in general, left and right, but especially during election season, during midterms, they're just going to say whatever they got to say to get elected, whether it's true, whether it's not true, I mean, we're living that in midterms right now. So of course, she's going to say whatever she's saying right now, of course, she's going to say, don't believe your lie in eyes, just trust the, trust the process here.
Starting point is 00:32:22 So she's going to do what she's going to do to stay elected. I think she will get reelected. Again, she's running for governor in one of the bluest states in the country. I think she was a couple months ago. She was up by like 20 points. I think it's narrowed to like six or seven or eight. That's still quite significantly,
Starting point is 00:32:38 especially one week out. But we'll see. We'll see if New Yorkers are truly, truly, truly ready to make a change or if they're just gonna kind of live the status quo that they've been living. They haven't sunk enough yet. New York City, New York City in particular, which drags the whole state down repeatedly every every year needs to sink a little bit more for New Yorkers to wake up and get a Giuliani
Starting point is 00:32:57 that came out of the David Dacons of the world. She wasn't elected. You're right. But she has governed as a Democrat would govern. She's done nothing different from any other standard, you know, hard left Democrat in that position. She's done exactly what I would anticipate that any Democrat would do. And that's why, yes, you're right, the point you make about its election season right
Starting point is 00:33:19 now, they're going to say whatever they need to say, that's 100% valid, which is why I always tell people ignore everything that any politician says in the couple of months before and after, like right around the election time, even after sometimes, because then it's a whole bunch of excuses as to why they didn't do this. Look a year back at what they actually did policy wise. Go back a year when they weren't campaigning, when they weren't on the campaign stump, and look at what they actually did policy wise, what they were, look back at what Kathy Hocal was saying about lockdowns.
Starting point is 00:33:48 Remember those beautiful pictures of Kathy that was standing, she was maskless, standing in front of a group of a whole bunch of little kids with masks on, look at what she advocated when it came to the lockdowns, what was she saying about mandatory that experimental vaccines? What was she saying about all these things?
Starting point is 00:34:02 Then you're gonna know what her position actually is because right now she's desperate. She's afraid. You think she's not looking and saying, I'm in New York state and Lee Zeldin is right on my tail. Come on. What you're basically saying is roll the tapes. Look back a year ago to see what people say.
Starting point is 00:34:17 Yes. I haven't been following this Dr. Oz Fetterman race. Yeah. I was saying, no. Sort of a national story because it's like, you take it, no, you take it, you take it, nobody wants it, no, I don't think Pennsylvania wants you to do them. But if you look at federal man,
Starting point is 00:34:30 and it seems like he's not the healthiest guy, I think he had a stroke less than six months ago, but his response, one of the clips I did see that were like, you've been against fracking. And he's like, essentially like, no, I like frack. Frack me like, they're like, well, ago you didn't you were talking shit about fracking you said you were anti fracking. He's like I frack me frack. That's basically that's actually a pretty good summary of what was said to people at home They're a lot that's pretty close. Yeah, me like fracky exactly. Yeah, and they did a it. I was about to say that I saw his ad yesterday,
Starting point is 00:35:07 and I was watching his ad, and this is his ad, just so you know, look at my eyes folks, here's his ad, and he's reading. And he's just sitting there and he's just reading, reading, reading. And you can tell, it's just, they're telling him what to say, and he's not saying it himself, it's not a true believer
Starting point is 00:35:25 If Oz loses it'll tell you how much influence politics has the fact that people just want to go just one side Because prior to Oz running what did the world think about us? People love us they followed his stuff they respected his stuff the moment he said he's running God for bit You run on that side now. Oz is a bad candidate like you said They're both bad candidates. You know some word they use. Osis never been seen as a guy that had any issues until he ran against this guy. Now he's this horrible person.
Starting point is 00:35:53 The one problem is the real Osis not a Pennsylvania Pittsburgh guy. Like that's the whole of not he's like he just kind of like transplanted there and he's like, Hey Pittsburgh, Philly and with you. They're like, hey, Pittsburgh, Philly, I'm with you. They're like, yeah, not so much. I was like, yeah, but most of these guys are not, most of these guys are not. Do you think Biden is? Yeah, let me tell you why I went to school with a few Puerto Ricans. The Dominicans, we're talking about.
Starting point is 00:36:19 Nobody's from Delaware. Yeah, but to say, but to say, to say to say I had Dominican friends They're like you had Dominic and then they did that did you see the Puerto Rican haircut? They made of them or no Have you seen this meme? Have you seen this meme if you haven't it's by far you have to find it Just look type in Joe Biden Puerto Rican type in Joe Biden Puerto Rican. It's the best Man, no, no, you got to you got to find this listen I would do you the viewer and injustice if you don't see this because you deserve it.
Starting point is 00:36:50 I think you as a loyal audience, deserve to see Joe Biden with his Puerto Rican haircut. I'm excited to actually see this. Oh, man, you tell him you don't have this meme. Oh, buddy, it's mandatory. There, you can't find it on duck.co-tiler. I mean, what else? Oh, my God, he can't find it. You can't find it on duck.co-tiler. I mean, what else? Oh, my God, he can't find it.
Starting point is 00:37:07 What you got? Love me sometimes. Okay, anyway, so while you're doing this, do me a favor, pull up the crime because somebody asked a question about top crime in America and says, liberal is it conservative? Okay, let's find out these cities.
Starting point is 00:37:17 Most violent cities in America go up, go up, go up, go up, go up, go up to the ranking. Okay, St. Louis, is it the liberal or conservative? Any major city, any major city is gonna be blue. Any major city. Got it. So the crime in all major cities ran by liberals as the highest crime in America.
Starting point is 00:37:35 So when people say, when Hocal says, it's not this, it's not that, no problem. Here's what your policies are doing. It's so bad that Nancy Pelosi's husband was broken into his house and yesterday, the, I think it's the DA that was talking about a saying, when the man broke into his house, he was in his underwear and he got up
Starting point is 00:37:56 and went to the other place to make the phone call. And so, but these are the policies of San Francisco. And the guy that broke into San Francisco, he's a BLM guy that broke into the place of San Francisco. According the guy that broke into San Francisco, he's a BLM guy that broke into the place of San Francisco. According to people that knew this guy said, this is a BLM guy. This is a guy that supported BLM.
Starting point is 00:38:12 This is a guy that support a lot of that stuff that broke in. But wait a minute. The guy in the neighborhood, they would say. Yeah. You some drugs, openly. I thought he was more of a QAnon Maga guy. Or what I've heard.
Starting point is 00:38:23 No, he's doing a BL of BLN flag on his, he lived in a bus. He had a BLN flag and LGBTQ flag. A bus parked in the front yard of a deteriorated house. It's like a hippie, a commune, type of guy. He was a good typo artist. Took a listen from the media. But that was the media story that you're citing.
Starting point is 00:38:38 The media story initially was, oh, this is a Republican, QAnon guy. And then they dug and were like, not exactly any wound up being this hippie, commune, drug user guy. A troubled guy, troubled guy mental health issues. But, but more than anything, the, the stories that I've heard, again, we're going to go with we can't trust what the media is saying. Left right, we're just hearing stories.
Starting point is 00:38:57 The story that I'm hearing, putting out there, especially on the right is like this was his gay lover entanglement issue, male prostitute, which is, I'm not on that truth. I'm not on that. But people are pushing that as my point. You know what, rational neighbors were saying, this is a troubled guy that's using drugs to get this bus parked over in the lawn.
Starting point is 00:39:15 They got all these signs up. He's yelling at the moon and he's just a really troubled guy. I think that has been fully established that the guy with mental health issues somehow ended up inside Paul Pelosi's house and bonked him with a hammer, right? So looking for Nancy though, he wasn't coming. Who knows what he was. I just, but how do you know that though? That's the part again. That's why I did that in. This is the part again. The first thing they did. The first thing they did is blame who Republicans, the first thing they did, the first thing they did is blame who? Republicans, the first thing, they did is blame Republicans, the first thing they did, blame all the war blame Q and on,
Starting point is 00:39:51 he's the first thing. And then a day later, oh, he's gay, he's a prost, he's a new, he's a BLM, he's a LGBT, oh, well, no, no. Let's move on with the story. Okay, so here's what's going on over in our Chicago So that's the that's the that's the part where they the reason why a New York could almost lose Gov. ownership is because people are saying I am not dumb You know the the Joe Rogan said something yesterday. He says the the red
Starting point is 00:40:23 The what did he call it? It, it's gonna be like the shining when the elevator opens. You know, the way people are gonna be voting red. He says, like when the elevator opens for shining, he says, it's gonna be insane what's gonna happen on that side. Now, obviously, we're gonna find that next week. How much of this is just gibberish
Starting point is 00:40:39 and how much of this is credibility or not? You know, people aren't done. And I think one of the things I was looking at is you step back from the election season and you look what happened to the DA Adam the DA of San Francisco right those people had a had a referendum against the DA in San Francisco why was that they weren't in the middle of election season with million dollar ads and billboards and TV and radio that you can't avoid, right? They were, I see needles, I see human feces, I see homeless encampments, I see my city deteriorating, I see somebody mugs me and they're back out on the street two weeks later on the same corner waiting to mug me again.
Starting point is 00:41:17 Time out, I'm done with it. And to your point, Pat, the San Francisco voters were not dumb. Did they stop being liberal, stop having certain views? No, they didn't, but they looked around and they said, you as my DA are not keeping my city with I want the liberal values to be here, but it's gotta be safe at a basic level. And I see this and I'm not done,
Starting point is 00:41:37 so guess what, you're done. And that's what they did. You probably got the story somewhere on the liberal recall. The recall? Yeah, but let's not forget that they invalidated half a million votes And they cheated these people out of Recalling
Starting point is 00:41:51 Gascon No, I'm just looking at the DA and I'm looking at things that they really saw in San Francisco You know what people really saw they tried and then they invalidated Half a million signatures out of the seven hundred and fifteen thousand so during the presidential election or the gubernatorial election for gavin news on everybody can vote everybody in the fricking mother can vote and they're not going to recall a single ballot not talking governor i was just talking to san francisco d a
Starting point is 00:42:16 would but that's what i'm saying when they're trying to do a recall and they're trying to pull george gas going out they're going to recall half a million ballots like it just shows how everything's twisted. That's the LADA. You got a San Francisco DA, and that guy got tossed out on his head. When you're talking about that time, when you say liberal values, oftentimes in these places, like the New York City,
Starting point is 00:42:36 the San Francisco's, what they want upheld is the social values. For example, Giuliani got elected. Giuliani was pro-choice. It would be impossible for a pro-life candidate to win in New York. I don't know about where Lee Zeldin stands on the pro-life issue or how I've spoken. He has about that.
Starting point is 00:42:55 But oftentimes they're talking about like, where do you stand on abortion? Where do you stand on this? But they prioritize these liberal voters do prioritize safety and security. They may back the defund the police movement with a sticker in their window, but they don't want to be unsafe. They want to know that when they pick up the phone and they call for the police that the
Starting point is 00:43:12 police show up and they want to know that they get there in time. So this perception is, oh, liberals don't care about safety. No, liberals don't care. Liberals want the slogan. They want to be in the cool club. Defund the police, be a lamp, put the flags up, all that stuff. But they don't want that lack of safety
Starting point is 00:43:28 to impact their neighborhood or their family. Once it does, once it actually lands in their backyard, they will absolutely embrace somebody who prioritizes security. As long as that person also bows, just some key issues. Has to be, you know, pro-borsion, has to be, you know, there's certain boxes
Starting point is 00:43:44 that need to be checked by liberals that they just cannot. All lifestyle is valid. Our article came out from Washington examiner, saying only 17% of black voters support defunding the police. Their survey of black voters conducted by the Grian KFF published on Wednesday asked thousand black adults who say they are registered to vote for their opinion on policing about half of those polls, 48% said they would like to vote for their opinion on policing about half of those polls 48% said they would like to see police funding kept about the same about
Starting point is 00:44:10 34% said they wanted increased financial support just 17% responded that they support decreasing the funding for the police. The poll also found that that three and four black voters viewed criminal justice and policing as a very important factor in making their decision about who to vote for including 77% of Democrats and 68% of Republicans. The issue of crime was as important for those who made under $40,000 per year as for those making over $90,000. More important. Interesting.
Starting point is 00:44:37 Should be more important though. Under 40 than about 90. Because people. The community you're living in. Well, yeah, the community you're living in, the police become more valuable. A lot of people who make more money have access to private security and all of those perks. But if you're making $40,000 a year, and particularly, by the way, if you live in an area where your second amendment right isn't protected, these people aren't
Starting point is 00:44:55 armed themselves, these law-biting citizens. So they rely heavily on the police being active and present. And they don't have the money to afford the private security. That's some of the issues that came up with the Paulul policy story that i think you know everyone ran with those arguments you said by the way the day that ram with arguments about its q and on this hillary clinton was on board me name profiles people were just asking like hey where the security cameras isn't it odd that that was there an alarm system isn't it like some of the the stuff just wasn't making sense and they were questioning and of course you're not allowed to question a narrative. Sometimes, you know, the left will jump back and say, oh, you just, you want violence. No, no one wants violence,
Starting point is 00:45:30 but some of the stuff just didn't make sense and didn't add up with that initial narrative that Adam was mentioning about Q and Autumn. No, no. It's funny. You know, like the story you're telling about, like how liberals in New York will put up a sticker, let's say, but like that's not the reality
Starting point is 00:45:44 that they'd actually, but they stand for in real life. Like, have sticker, let's say. Yeah. But that's not the reality that they'd actually, but they stand for in real life. Like, have you, you know what this reminds me of? It's like almost like the cognitive dissonance of like in real life, real time. Tyler, see if you can pull this up. You've ever seen this. I think it was like, someone's sitting in an airport
Starting point is 00:45:59 on their Apple laptop computer and with like a sticker that's like capitalism sucks. Like socialism rules. While they're sitting there on their apple laptop with their apple ear head ear drums or earbeats or whatever Pat posted on LinkedIn, okay with their Starbucks in their hand with their McDonald's egg McMuffin like capitalism sucks It's like how unaware of you of what you have going on in your life to be preaching that, but like living something completely different from what you're saying on your sticker. But you know where that comes from, that comes from academia, because these kids learn in school.
Starting point is 00:46:34 They have a total disconnect. Like you go through economics, you go through all these classes, and you have no concept of what these policies actually look like in the real world. So they're dissociated from reality. And it's like, oh, I'm gonna sit here and I, oh, wait a minute, is this something that emerged from capitalism?
Starting point is 00:46:48 There's no thought process there. So they're just like the talking points, the sticker being accepted, but they don't actually process that what they're advocating for would prevent them from living the lifestyle that they actually wanna live. Well, it's Martha's vineyard.
Starting point is 00:47:02 Yes. How fast did they bring in the National Guard? Two days? For two, wait a minute, it's Martha's Vineyard. Yes. How fast did they bring in the National Guard? Two days? For two, wait a minute, it was a couple hundred migrants. Right. Two days they brought in the National Guard, kicked those people out. The same people that have Black Lives Matter,
Starting point is 00:47:12 nobody's an immigrant, we're all immigrants, nobody's illegal, et cetera, et cetera, et cetera. This has been going on for 30 years or more. This is the whole limousine liberal movement. Right. And I separate that from, I think what really happened, which was an absolute not to be ironic, but a crime what happened is the people that are in the inner cities in those areas living down there trying to find a better job, trying to escape, trying to get to the next wrong of the social ladder.
Starting point is 00:47:42 You have to see what happened in a lot of these cities. To avoid engagements, the police reduce patrols from like 11 p.m. to 6 a.m. and so the people that were living down there, that were not drug dealers, they were living in neighborhoods they could afford, living in neighborhoods they'd live for generations and just trying to find where do I go from here, what's my next step? Where's the jobs? Where's where's the thing and They're down there and they're the victims of the crimes and there the victims of what's going on down there And then the police Defunded or intimidated to the point that they with the body cams and everything they don't want engagements They don't want to go down there and patrol because it's kind of creating engagements
Starting point is 00:48:22 Gonna create engagement on film and the film going to be used in a narrative. And so the people that really lose here, and that should be not surprising to anybody to say that 17% of African American or Black voters support defending the police. And 83% of them are, no, I need the police. And I need them to be down here. And I think there are some cities like Dallas that have shown exemplary change and then you've
Starting point is 00:48:50 got places right now where would you have ever thought that the political polling in Oregon would be what it is right now? Straight. Straight. Straight. Straight. Straight. Straight.
Starting point is 00:49:01 Straight. Straight. Straight. Straight. Straight. Straight. Straight. Straight. ever hit people so far. First thing, if you ever build a country and you're competing, say the war, you know, Armageddon happens, there's only a million people left, everyone's thinking about where to put their kids and where to raise their family. The first thing a mom thinks about is the S word. It's security and safety.
Starting point is 00:49:16 If you can't provide that in any city, in any state, in any country, you lose people. Period. Mom's gonna sit there and say, listen, man, I have one job. The natural instinct of a mom is to protect their kids You screw with her you have a wrong enemy you cannot mess with moms and that's what they just not gonna work out All right, so let's talk about Kanye because I know you got some thoughts on Kanye I'm gonna read both stories Adam and then you can comment on it I'll go first with his comments about George Floyd and then we'll go into what 50 cents said
Starting point is 00:49:46 So I think that's on page 6 or 7. Is it 6? Okay, 6. Here we go. So Kanye West apologizes for spreading lies by George Floyd's debt. This is Kanye offered what the media is calling an apology for comments he made and referenced to George Floyd if we call West recently declared that Floyd died from fentanyl and now due to homicide under the knee of the Derek Chauvin. When I see that video as a black person it hurts my feelings and I know that police do attack and what America's generally and that America's generally racist and I understand that when we got to say black lives matter the idea that made us feel good together as people. Now afterwards there were, there was some things where the money went in order to push us
Starting point is 00:50:29 to the democratic vote. So when I questioned the death of George Floyd, it hurt my people. I wanna apologize because God has showed me by what Adidas is doing, by what the media is doing. I know what it feels to have a knee on my neck right now. So, and then 50 cent came out and said, Kanye should master the art of shutting the up.
Starting point is 00:50:47 Okay, that's what he said. I've seen people in this position because of things they have done, not things they have said. Now you got a master to art of shutting the hell up. The rapper was reportedly reacting to CNN headline alleging West has a disturbing history of admiring Hitler. I have never seen anything like this before a screenshot. I think Kanye should buy the car he likes the best and just write off into the sunset. It's really a wrap.
Starting point is 00:51:13 People are really hurt by this shit. And there's a bunch of other things that came after that. Black people are actually... Anyways, this is the comments you made about Jews and blacks and comparing them. So Adam, thoughts on the story. Look, I haven't really been, obviously I've been following Kanye well for a year, obviously decades now, but obviously over the last few weeks I haven't really been too opinionated because I was more asking questions than making statements, something that I think we could all kind of get behind like before you start, oh, I believe this, I say this, like let's hear him out and see what he has to has to say but that being said I've really had an
Starting point is 00:51:47 opportunity kind of process what's going on with Kanye and then to a bigger context like the groups are the people that he's really hurting so number one Kanye is a musical genius I'm like I'm okay with saying that like he's created amazing music he's he's trailblazer, he's awesome in that regard. But the problem with geniuses sometimes is they, even as great as they are in their respective careers, they have blind spots. Okay, so Kanye, what are some of his blind spots? Clearly, he's a narcissist. Clearly, he has a god complex. He doesn't know how to just be a normal guy Why would he? He's been pedestal than elevated and coddled everywhere he's gone over the last 10 20 years
Starting point is 00:52:32 Because of the greatness that he's reached so if you have these blind spots You don't know how to treat people you don't know to interact with people You're not a man of the people you're doing things for the attention of your brand, okay? So You can be a genius, but also have major issues in your situation, but a lot of what People aren't really addressing about Kanye and I've said this before and I'll say it again Is the influence that the Kardashian female matriarchy has had on this man's life? I've said this before again We all know my history with the Kardashians, my best friend,
Starting point is 00:53:05 Chris Humphreys, married Kim, 2011. I lived a Kardashian life for a fucking year. I saw this lifestyle, I saw this bubble, and I saw the head of the matriarchy, Chris Jenner, and her influence over all the women in this family. But let's look at what's happened to all the men in this family. And that's what people are not addressing with Kanye. Like, all right, we'll start with Bruce Jenner. This was a, like, world famous Olympian de Caffelon, go, and now he's a transgender woman. Okay, cool.
Starting point is 00:53:35 The father, dead. How did he die at a young age? I don't know. That's not a conspiracy. I'm just saying, he's died at a young age. If you go down the list, Lamar Odom turned in from an NBA athlete to a literal crack hit, okay? Scott Disick who is a good-looking young guy, whatever, rehab galore and I'm friends with him, so I'm not talking shit. If you when you look at The other men in the family Rob Kardashian is a recluse hasn't been seen in years. The women run the show in that family
Starting point is 00:54:02 So when you bring in a leader like Kanye, a man, like a man who like has conviction and you kind of feminize him and say, we run the show now. And he already has mental health issues and bipolar tendencies. Like, how do you expect to him to react? And then final point to the Kim K thing is, dude, he's been completely demasculated with this whole Pete Davidson situation where you're gonna leave your husband, Kim Kay, and start parading with this fucking joke of a guy. Pete Davidson, what do you think that's gonna do to someone who has a fragile ego
Starting point is 00:54:37 and a fragile mental capacity already? Despite his, you know, amazing gifts? Like that's gonna fuck you up. So what he's doing and what he's feeling, there's so much going on that it's hard to kind of put yourself in Kanye shoes because you don't know, like when you're operating at such a high level, even Rogan said like when you plug in,
Starting point is 00:54:57 you see what he said about like 100 electricity volt and that's something that's only as a 40 watt capacity, and there's so much going on that how can you restrain that? With that being said, that doesn't excuse what he's been saying specifically about Jews. Now, anytime that you paint a group, whether it's blacks, gays, Jews, Asians, this, and you start group talking, rather than individuals, that's going to be a problem. And as a Jew Initially I didn't over react. We've had multiple shows about Kanye I haven't gone off like the wire
Starting point is 00:55:30 But here's what I've learned about Jews especially talking with friends and especially being around Miami Beach and seeing what's going on Jews are not fucking playing anymore All right, we're not fucking playing Everything that's happened in Jewish history, culminating with the Holocaust, which eventually led to the creation of the state of Israel in 1948. There's been a run-up of Jews being the scapegoat
Starting point is 00:55:56 and being the bad guy and being the person or the group of people that were the reasons why societies have not thrived and were declining and it ended with the final solution that Hitler tried to accomplish murdering 6 million Jews and at some point Jews were like, that's it and there's a saying in Judaism never again. So when there's even like a small blip on the radar of people painting Jews to be whatever, as it grounds well within Jews were like, that ain't fucking happening. And like if you look at the creation of Israel and what they've been able to do over the
Starting point is 00:56:33 last 50, 60 years and become the great powerful nation, where you're the size of fucking Delaware amongst a sea of Arab people that have always wanted your death and you see what Israel is turned into in the IDF and Masad and what that's turned into. Its Jews are just not can accept this anymore. So by default there's going to be a defensive reaction and also an offensive reaction by Jews to say listen Kanye shut the fuck up. We're not playing like that. We're not playing this game. You've tried to murder every single one of our people. We're not playing like that. We're not playing this game. You've tried to murder every single one of our people
Starting point is 00:57:06 We're not even allowing this to happen and then for I'll give you one final case example for like the people out there They're like well the Jews they're all in kohuts and they run the world. It's like well, let's like look here politically in America two of the biggest fundraisers for In politics on the, as are Jews on the left, you can point to George Soros. He has a very specific agenda, whether you agree with it or disagree with it, we know that he has an agenda.
Starting point is 00:57:33 And on the right side of things, uh, rest in peace with Sheldon Adelson, hardcore Republican, hardcore conservative, hard like multi, multi, multi, millions and billions of dollars that they both put into the system. Now if Jews are in co-hoods to run the world, why would two famous Jewish billionaires be completely funding complete opposite agendas? Like give me an answer to that. So anyway, that's my thoughts on Kanye
Starting point is 00:58:01 and anytime you label a group, you're gonna have an issue, especially these days as the Jews. I love two other things you talk. First of all, the anti-Semitic stuff, he says, is just bad. I mean, people should just be able to look at that and just say, all right, this is just bad.
Starting point is 00:58:15 And I think you have seen a lot of people rally, you know, with the Jewish community who are tired of the way anti-Semitism has been tolerated by many for a very long time, are saying enough, Kanye, listen, I oftentimes listen to him and I have to be honest, I don't understand a lick of what he's saying. I don't understand a lot of what he's saying.
Starting point is 00:58:31 I almost feel like this guy is trying to figure out how he feels about stuff out loud. And he should just take a minute to just maybe he's not used to being in the limelight. Maybe he's not, in terms of talking about his opinions, you know, he's getting invited on Fox News shows, this is new for him, this is different. It's different, it's one thing to be an artist his opinions, you know, he's getting invited on Fox News shows. This is new for him. This is different.
Starting point is 00:58:46 It's different, it's one thing to be an artist and to have an opinion. It's another thing, you know, to be front and center in these types of interviews. I think he needs to sit back and then he's to think a little bit about how he feels about stuff, about what he might be asked, about what he's comfortable putting out there. It seems to me now that this stuff about George Floyd,
Starting point is 00:59:01 he's walking this back, saying, you know, well, I need to clarify it. Well, that involves thinking about how you really feel about issues and understanding that once you put it out there, it's very hard to say, oh, no, actually what I really meant is this. So even though he's famous, he's front and center for his, you know, artistic work and all of that, he hasn't been famous in this way, you know, you know, looking to become the CEO of parlor and getting highly political when it comes to his content. And when you get highly political, every time, you know, looking to become the CEO of parlor and getting highly political when it comes to his content.
Starting point is 00:59:26 And when you get highly political, every time, you know, I always say every time I open my mouth, half the country is going to hate what I say. But a lot of it is very well thought out beforehand. You know, I want to make sure I'm comfortable with what I'm saying. If I'm comfortable with what I'm saying, cool, half the country can hate what I'm saying. But I don't know that he's always comfortable with the message he's putting out there. Then there seems to be some reflection, and then he kind of changes it.
Starting point is 00:59:47 So he just needs to understand he's in new turf right now, and he's going to be held accountable for the things he says when it comes to politics, when it comes to comments like this. So this anti-Semitic stuff rubs a lot of people wrong rightfully. So I love that angle you took with the Kardashians. The Kardashian culture is incredibly toxic. I mean, that is, you wanna talk about,
Starting point is 01:00:07 we talk about toxic masculinity. That's actually toxic femininity. That's the face of it. Her face, that whole family, it's a hot mess. So I don't know, I'm not gonna blame the Kardashians for what's happening to Kanye in any way, because I think he had some troubled stuff going on with himself before, but I don't see how any
Starting point is 01:00:26 strong, opinionated man survives that place. I don't think it's possible. I mean, I think that's why you see the Pete Davidson's. I mean, these are all just, that's not, I don't even know that that's real. But I don't think it helped him to be in that culture. You're a strong, opinionated guy who's gonna see the world differently potentially than them.
Starting point is 01:00:43 You're not gonna survive that. You're gonna come out there frustrated and antagonized. So I don't think it helped. Do I think it caused some of what we're seeing now in terms of his count? No, but I certainly don't think it helped him to be on the more stable side of issues. I just think he needs to think. Like, he needs to reflect. He needs to, because you need to own what you say, you know, and people need to apologize.
Starting point is 01:01:03 If he doesn't feel that way, he should apologize. If he does feel that way, he should own it, and, you know, consequences come when they come. And if companies don't want to associate with him or whatnot, he's gonna have to deal with that consequence. But I find him an incredibly odd figure when I list him. I find myself trying to decipher what, and oftentimes I'm lost in a cave.
Starting point is 01:01:21 I'm like, what is he saying? What's going on? And I don't know if that's a, people say, oh, it's mental hell. I don't know what it is. Is it just a guy who's new to this component and trying to figure out where he stands on stuff out loud? I don't know.
Starting point is 01:01:33 I really don't know. Quick response, just on the Kardashian thing. Just to kind of give you a case example. Connie has been very explicit. He has major problems with, I don't know what he calls her exactly, but Chris Jenner, like, Commodont Chris or General Chris, they kind of has like a little funny word for her.
Starting point is 01:01:52 Basically, she's the dictator, right? Yeah, I believe it. And the problem that happened with my friend, what he's a good guy from, he's from the Minneapolis, Midwestern values, when he got into the family married, they're like, all right, this is the way we do things around here. This is the way we're gonna operate.
Starting point is 01:02:08 He's like, yeah, I don't want to do that. And to the point where he's like, yeah, you're gonna move to Minneapolis and be a part of, she's like, are you fucking can't stay in an LA? Like we're doing LA. And that was part, they're like, hey, you should probably have that conversation before you got married,
Starting point is 01:02:24 but that was the world-win situation that that was. But here're like, hey, you should probably have that conversation before you got married, but that was the world one situation that that was. But here's a guy with like actual principles in Midwestern good values that got, you know, infiltrated into this LA Hollywood toxic feminism scene that you're talking about. And it just obviously wouldn't work. But Kanye was been in that for 10 years. Like what kind of stuff do you think
Starting point is 01:02:45 that's happened to his mentality since that? So I think that I think even if you're in it though, like the Kardashian clan and what they do and what they're capable of and all the women and it's like, there's something odd, even if you're in the entertainment culture and in the entertainment business, I think there's something deeply odd about the way they build their their empire and the stuff that they do and I just I don't understand why any Midwestern guy, truthfully, I don't successful. I don't I don't know what the draw is there. I mean, I really don't there's a whole lot of fake going on. Anyone who
Starting point is 01:03:17 markets themselves, by the way, I always tell people as just pure fake top to bottom, there's a lot of stuff going on behind the scenes probably that you're not gonna like. But yeah, I think that I believe that. I believe that you walk into that as a guy and it's just like, sit down, shut up. We're gonna tell you how it's gonna go. That would certainly not work for a Kanye, which is why I would wonder why you would even go there.
Starting point is 01:03:37 That's certainly not gonna work for any guy who wants some autonomy over his own life and his own media presence and his own. I mean, it's like you walk in there and it's like, is it a contract? Do you sign a form that you give your life away? What surprised me for the gift of being with a cartel? Mm-hmm.
Starting point is 01:03:52 So is it fair to ask, like, you have zero interest in Kim, even though she's single-run. Kim, you have my number. I have that. I have that. What's that? That's what's that? That's what's happening. That's what's happening. That's what all need? But do you think that actually,
Starting point is 01:04:05 remove the jed hat and just put yourself in a typical woman these days? Do you actually think that women think that the Kardashians and the genders all that are actually toxic for women? Or are they actually more of a hero or someone you look at as like, I wanna be like them more put on a pedestal.
Starting point is 01:04:27 Like as a woman, not Jen, how do you think women comes up? It's hard for me to remember my entire mindset from it. Exactly, but- I think it's split. I think there's people who look at them as females and feel like they're destroying culture. Like women are saying, you know, they're fake, they're phony, you know, you have tons of girls
Starting point is 01:04:44 or out the country that are going into doctors' offices and saying, give me, they're fake, they're phony, you know, you have tons of girls or out the country that are going into Dr. Sofson saying, give me the Kardashian-Fash. I mean, they're marketing themselves as real, they're not. Look, just look at the images of them and the progression, they're not owning the reality of what they're even living. So I think there's a segment of the female population that knows that this is bad for future generations of girls, that know that Kim Kardashian became famous from a sex tape that many have come out now and speculated and some have attested a ledge that it was organized by her mom. So there's a lot of darkness and weirdness about it. And then I think there are the cult following
Starting point is 01:05:21 like young girls that just see a bunch of women and they're like they're famous and bunch of women and they're like, they're famous and they're curious and they're like, oh, if I do this, will I be famous? This is how you get followers. Look at Kylie Jenner. Kylie Jenner is famous because she completely altered her appearance and she became, I mean, another version of Kim Kardashian. She kind of looks like this odd version of her sister. I don't know that she would be famous had she not done that. In fact, I know that she wouldn't. Is she successful? Did she build a billion dollar?
Starting point is 01:05:47 Her business is she, sure, great. You know, I'm not taking that away from her, but a lot of their fame is attributed to a sex tape and a lot of this physical distortion that's happened. So do I think there are a lot of moms out there and women out there that have a problem with that and don't want their young girls modeling themselves off the Kardashians?
Starting point is 01:06:04 Absolutely. You know what's crazy? The craziest thing? Because I went over all the guys in the family that have had major issues or whatever. I didn't talk about Tristan Thompson, the NBA player. He's kind of been cheating allegations with Chloe and all that nonsense. But you know his name, I don't hear a lot about and people kind of forget that Travis Scott, one of the biggest rappers alive right now, like is brother-in-laws with Kanye. Like he's in that family. You very rarely hear anything about him and his involvement in that family.
Starting point is 01:06:33 Does he play along? Maybe he plays along? I don't know. That's my point. He has his rap career and obviously we know what happened with him at the festival where handful of people were killed. But as far as Kardashian and issues, you don't hear a lot about that.
Starting point is 01:06:49 We'll see what happens with Travis Scott. Because he hasn't been in the news in that regard. So that was a nice question, 30 seconds. Will Kanye make a comeback? Or is this a downfall that's gonna be hard to recover from? That's gonna take a few years to come back. I'll be very clear. Unless his music lives up to the standards
Starting point is 01:07:08 that he's already put out there, I do not think so. Because people aren't trying to hear Kanye for his political views or his business ideas. You know, there's a famous saying, I miss the old Kanye. I miss the old, people actually miss the old Kanye because of his music, not because of his ideology. So no, I don't think there will be a comeback. Unless the music thing. You think he's done, done? People actually miss the old Kanye because of his music not because of his ideology so no
Starting point is 01:07:25 I don't think there will be a comeback unless the music you think you think he's done done What do you think oh I think he really showed his true colors? I mean, I think this I said the gesture. I think this is absolute cowardice He said stupid shit for 10 years. He's gotten backlash for since Trump ran He wore the frickin mega hat and now all of a sudden he loses a two billion he loses his endorsements etc etc etc now it's oh my god I'm so sorry. America's racist George Floyd died from a knee on the neck um you know just begging for forgiveness for his two million or two billion back and I granted I've never lost two billion in a day but no I I think he showed his true colors and I don't think he makes a comeback.
Starting point is 01:08:01 That's it you think it's done. I think think, I think, I think he showed his fans, like the people that follow him now, not for music, but outside that. I think he showed exactly his. He's like Kevin Spacey ever comes back and becomes Kevin Spacey without us looking at him the way we looked at him. I think so, but I think it's two different things.
Starting point is 01:08:17 Music is inherently fad based, right? And trend based, whereas an actor and actress can come back as an older version of themselves, particularly males, not females as much, because once you're 40 in Hollywood, don't attack me here. You're 80. Oh, I'm not going to attack you. I'm going to agree with you. Seriously, once you're 40 is a female, you're 80.
Starting point is 01:08:36 But can Kevin Spacey come back? I mean, look at, I like to look at Michael Keaton. He didn't have like a crisis, but let's just take a look. He had this law where his career was gone. And all of a sudden, he came back and there is things in his career. Well, look, that's the way Hollywood works because acting is different than music.
Starting point is 01:08:56 Music is fad based. I think it's really hard for Kanye to come back. What do you think about that? You know, for me, here's what we're learning. Who you can call out and who you cannot call out. Like there is there's certain people in the room you can insult and certain people you cannot insult. You're you're you're really seeing who is one of the most powerful communities in America that if you even get close to Insulting or touching what the consequences could be and he's feeling it right now
Starting point is 01:09:32 Especially the way that he did it because you can you can insult Whites as much as you want you're not gonna get in trouble that's just the truth of it You can people say stuff about the white community and they put your them around and trash them and say, whatever they want, pretty much, you can pretty much say everything you want. No one says anything. God forbid, you say certain things about certain communities. Ooh, you're permanently done. What he's saying is not,
Starting point is 01:09:59 people have said it on the opposite side. I can, if I really wanted to do a case study, I can go on the opposite side and see how many people have said stuff about, you know, you have to be careful saying stuff about Muslims, but you can say whatever you want about Christians. You have to be careful about what you say about blacks, but you can say whatever you want about whites. You have to be careful saying whatever you want about Jews, but you can say whatever this is, this is also slippery slope for me. Now, obviously what he said and the way he said it, death con, what do you say death con, death con, death con, what are you doing?
Starting point is 01:10:26 So I'm going to get, but a lot of it for me comes from a standpoint of, oh my gosh, who is really running this country to protect those few that we cannot touch? That's the one part that becomes a bit of a slippery slope on who you can't call out who you can not call out. And we just learned that this is known as one of the greatest artists,
Starting point is 01:10:50 few things that I don't like about what he does. Like posting text messages you get from people on your Instagram back to back to back to back to back to back to back. That's a character flaw. You can't do that. What are you doing posting text messages you're getting from people on your Instagram profile? It's do that. What are you doing posting text messages you're getting from people on your hands?
Starting point is 01:11:06 You go to his Instagram profile, it's all text. Why are you doing that? Do you know that's permanent? Do you know someone I'm saying when I say that's permanent? Yeah, you do. Yeah, that's permanent. That's permanent. Yeah, that's permanent.
Starting point is 01:11:17 Like permanently, you're not going to be texted by people. You have to, you can't even go on signal. Like, there's certain behavior that to me is not has nothing to do with this To me it has to do with a complete different thing that is Challenges you go through you got to be very who's what what real qualified one like a The kind of wife that he wants who's gonna want to be with a guy like him today knowing that at any point He can put your business on blast publicly. And by the way, the same goes with the Kardashians.
Starting point is 01:11:49 What guy, a real real, not, not if you wanna marry a celebrity because you have to stay within the celebrity world, I get it, like, who's Kim gonna date next and marry? Let's face it. There's odds out there for this, by the way. Yeah, yeah, so I saw that. I think the Vance is, what's his name?
Starting point is 01:12:04 Vance, Vance Jones. Some reason he's a top of the list. Yeah, yeah. I saw that. Vance is, what's his name? Vance, Vance Jones. Some reason he's a top of the list. Yeah, but the point being, who's she gonna end up with? She can only be with a power player. She's not gonna end up with it. Like Pete Davidson's like, yeah, okay, good. You had fun six months. You really mess with, you know,
Starting point is 01:12:21 mess with Kanye. Who did Pete date that the ex killed himself or committed suicide, Mac Miller, Mac Miller, right? So, Pete's also a dark character. He's also guy that, I'm sorry on a grand day with Mac Miller. Yeah, yeah, I'm sorry, Ariana Grande. I'm not a follower of this.
Starting point is 01:12:35 Who she was engaged to Pete Davidson, that's where it was. So, stars a lot of time. I mean, look, there's a lot of people involved in a situation like this, but to me, it's more about character than who you have to go back like, hey, JLo, your brand was very good when you were a Ben Affleck, those are the conversations
Starting point is 01:12:49 in this world. So are you really going to be with somebody that you're laying next to and bet one of you have a conversation, I was your day, or is it really, did you see my Q score went up after we got married three months ago? What a bullshit conversation to have a night laying next to a person? But that's the reality. But the point is what a waste of a life, what a waste of a life, what a waste of a life. Favorite parts of my life are conversations, relationships, moments, experiences that are real, real, raw, genuine, moments.
Starting point is 01:13:18 You're going through troubles. We sit down, we have a conversation, you're in tears, you're opening up. I'm talking to you, this is between us. That's a bond, right? You're going through a challenge, no one knows about it, we're sharing that, that's life, this is bullshit, this is just, and I hope people watching this younger generation, that's sitting there saying, man, I really want to be in this kind of mess.
Starting point is 01:13:40 It's a complete different life. Anyway, so that's my opinions. I just think certain people have little too much power today. You can't talk about them. It scares the crap out of me. Back to your initial question. Do you think Kanye makes a comeback to the boy who was? I think he does.
Starting point is 01:13:52 I think he does, but I think it's going to take four to five years. I think it's going to take a while. I think it's going to take a while. This is America. You have to realize what that about America. America is very annoying with stars and they want to see them fall. They want to see them fall. But they love redemption and come back.
Starting point is 01:14:09 This is America, man. This is America. You don't like the whole concept of the church. What's the church? You're like a born again type of thing. If you're born again, all your sins are forgiven. America, if it was a religion, it's a similar feeling because we will judge you all the way to the end, but man,
Starting point is 01:14:29 when you fall year later, two years later, we can't wait for you to come back and change to human being, hopefully, and you got new thing that we can learn from you and redeem yourself, hopefully. I don't know if it's gonna happen or not. That's a problem, Pat. I think is that he made everybody mad.
Starting point is 01:14:43 Like so he made the people, initially he made the comments and he made a whole bunch of people mad. Yeah. Caledity, he's anti-Semitic, he's that. Then he apologizes. And now he makes a whole bunch of other people mad that are saying, oh, why are you came into the mob?
Starting point is 01:14:55 But that's character, right? That's a character flaw. When you do that, that uses something. No, it is. You said every time I open my mouth, I offend half. So what he did is he opened his mouth and he opened his mouth. Right. So he offended 100% right doing bro. Take a position. At least at least I respect AOC because she takes a position. Take a position.
Starting point is 01:15:13 You took a position. Go forward. So now when you're flip flopping, John Kerry lost the election years ago because he flipped flop two audiences gave two different messages. America doesn't like flip flop or so. One more thing with Kanye. I agree. Whether it's politics, whether it's your brand, your personality, you have to have a base. We all know this. Get a play to your base, your base, your base. So who's Kanye's base? Who does that actually care about?
Starting point is 01:15:35 Obviously he cares a lot about his people. Black people, like he says this, I gotta take care of my people. I gotta help my people. Is there anything that his people are not down with more than MAGA? Okay? Like straight up, just look at the, like black people don't feel MAGA.
Starting point is 01:15:52 I actually, I do see clearly that. For 90% that's great. But his black people aren't feeling MAGA. Disagree or not, I'm letting you know that ain't, that's the case. Secondly, when you go white lives matter, you think black people are down with that? I'm saying, as a group, no.
Starting point is 01:16:09 So he's doing things and then black people, I think for the most part, agree that George Floyd may have had fentanyl in his system, but he died because someone, an officer to me was at the back of his neck. There's not a lot of harder guys in the hip-hop world and Kevin Gates Have you heard what he said or ice cube remember what ice cube said? Yeah, go go with Kevin Gates still go with Kevin Gates at first
Starting point is 01:16:34 Well, I love Kevin Gates and You know some of the stuff that he says just like To benefit of being a street guy and an artist where you've party with all these guys and then you're like, wait, the only piece is the only people who give me a hard time with my success as my own people. He says, I've never had a white person that's unhappy for my success. So that conversation is being had and it needs to be had. You know, for long, I can bring up a lot of different things
Starting point is 01:17:01 that has to do with this and every community, every community has areas to improve in. Every community. So that part is all that I thought that part, he made a lot of progress in, but he just messed it up when he went to where he was at here. But this Kevin Gates, if you've not seen this, we can't play it.
Starting point is 01:17:17 You got to go watch what Kevin Gates says here. It's fantastic. And I think more people like him needs to be out there talking himself, cube, and when Kanye was making some points. but anyways, we can we can get away from this topic because we got a few other topics before we bring To find out what the hell is going on in with this oil situation and this trust so Elon Musk Let's talk about Musk a lot's going on Musk He's been trolling trolls and he's bullying the bully and people are losing their minds
Starting point is 01:17:45 Tom and I were talking about you said something yesterday Tom about Canada right where you know A lot of people that say I'm gonna leave America. We're gonna go to Canada if Trump gets elected Oh, I'm gonna leave Twitter and I'm gonna go somewhere else if muskbyes Twitter Well, guess what I asked the question yesterday. I said what is the Canada for Twitter for people that want to leave Twitter There is a liberal social media site called Tribal. Have you heard about Tribal? Yes. Have you guys heard about Tribal or no?
Starting point is 01:18:11 So I actually want to look them up. And their mission statement, if you go on their Twitter account, go to Twitter, put a Tribal Twitter profile, and their mission statement is actually very interesting. I hope they pinned it to the top. That's not the one, it's another one. Anyways, I think it's called tribal social or something like that.
Starting point is 01:18:31 And they said what we do is tribal, so streaming music service called tribal, right? Title. You're talking about title. It's called TIDAL, title. Yeah. Anyways, there was something out there that we started. But let me just read this with Musk. It's called TIDAL title. Yeah. Yeah. Yeah. Anyways, there was something out there that we started. But let me just read this with musk. Let me just read this with musk. I'll look it up here in a minute.
Starting point is 01:18:51 Verify Twitter users may soon have to pay monthly fee to keep their badge under musks leadership. Okay. This is a story that just came out. Twitter executive spend a weekend discussing a possible change to social media platform where users have to pay a subscribe to the blue badges, Twitter blue right now is $4.99. It's actually a great service by the way, launched at last year's platform's premium offering given users access to new features like custom-able
Starting point is 01:19:17 app icons, the ability to undo or bookmark tweets, and a reader mode or more easily view long threads of posts, a verification tier subscription may cost 1999 a month of average reported. Should Twitter require payments for its verified status, it would be the first major American social media app to do so as most platforms offer the feature for free. So what do you think about this $20 a month concept Tom?
Starting point is 01:19:39 Here's what I think about it. Elon Musk knows how to make money. And he knows what he's doing here. What people don't know, and I spoke to two people yesterday, and I said, let me ask you a question. Do you pay the $34.99 on him, LinkedIn? Well, yeah, I do. Why?
Starting point is 01:19:55 Well, because he got the profile, I got all the things, and all of a sudden they stopped. They're like, oh, so in other words, LinkedIn free, you only get you so far, but if you pay the $34.99 you get all the other benefits. And the power users, HR people, recruiters, they have to pay the big fees so that they can have more than 500 out reaches per month on LinkedIn. All that Elon Musk is doing is bringing commerce elements to Twitter that are indeed valuable that if you want them you pay for them and I think it's taking a page right out of the most profitable social network in history linked in and read Hoffman that's what I think is going on
Starting point is 01:20:33 and it's a little more charged and a little bit more exciting and a little bit more debated right now but that's all he's doing that's all he's doing he's following the LinkedIn model that's right he's doing he's following the LinkedIn model. That's right. I actually think he's following someone else's model The Jeff Bezos Amazon Prime model. He sees what his boy Bezos is doing who wouldn't have Amazon Prime to free delivery at all that you're signing up for that especially if you got some money You're like of course. I'll do this. So he's not an idiot. He knows how to make money He sees what LinkedIn's doing when Amazon's doing doing. He's going to charge for premium service. Where does read come from?
Starting point is 01:21:07 The PayPal Mafia, right? Correct. I think you're making the same point with a different entrepreneur, but it's the same point. It's like, you know what? Let's come make some money on this. This can't just be eyeballs from here to Mars and back, right? Because eyeballs doesn't make me money. And so I think what he's done here, it's a lightning rod for controversy, but he's just looking at it and saying, everybody else pays for something valuable on the platform, whether it's Amazon Prime or Basic LinkedIn.
Starting point is 01:21:32 Damn it, they're going to pay that here. Do you think it incentivizes the concept of like then everyone's going to have a verified badge, like everyone, just because they're going to view it as a money-making opportunity, so it's going to basically be everywhere as opposed to, so is so is that just is it just like meaningless then at that point? I agree. I think it all depends is it curated? It's like you have to go like if you want to get a insurance license you have to take a test But then you have a license is here gonna be some level of curation there, right? Like I'm gonna say look all right
Starting point is 01:22:03 I validated your presence, whatever it is, you know, social media influencer, media personality, politician, all those categories, a business executive that's noteworthy. Okay, so we validated you. You passed the test, would you like to pay $20 for the flu check? I hope they keep doing it that way so that it's curated credibility. Okay, so let me take a couple things here. I think what he's doing is genius. Somebody asked me a question, what would you do about this?
Starting point is 01:22:32 I said, if I could get in right now and invest 5, 10 million bucks, I'm in it right now. I would invest them to Twitter. I said it before, this thing's going to be a trillion dollar app and I'm saying it again. I believe it's going to be a trillion dollar company because this guy knows how to make money and the things he's making are not dumb. He asked a question the other day, what should we do to increase the value of TikTok, to increase the value of what he called it, Twitter, people started responding. One, the first people that responded was Mr. Beast. And Mr. Beast says, whatever you do, don't do something that's easily duplicatable
Starting point is 01:23:00 and copied because other people will do it. Okay, other people will do Mr. Beast advice, fantastic advice. Then others said, bring back vine. So he did a poll talking about, should I bring back vine? Five million people voted. Okay, 70% of people said bring back vine. 70% said bring it back, 30% said don't bring it back. And the part about doing the verify stuff that they're paying 20 bucks a month,
Starting point is 01:23:24 you know what I like about the $20 a month concept Tom Here's what I like about it. I like the fact that now All of those Gaslighting fake Twitter profiles that made us think somebody's a bad person or not gone So guess what well, you know watch what all these people are saying on the Twitter They're defending this or they're against this really. How many of them are blue check marks? So you can go buy it if you're real account and go pay 20 bucks a month.
Starting point is 01:23:49 Well, you know, no, it's just now we know what bots are. So I get so many bot comments on Instagram. This person changed my life because of the crypto course I took. I don't even know how to eliminate these guys. Or you know what I'm talking about? They come out on nowhere. I do. By the way, even on YouTube, our clips we put, do you know what's once I'm talking about they come out on nowhere eliminating by the way even on YouTube our clips
Starting point is 01:24:05 We put do you know on by you see those clips on the bottom and says with the value table logo or pvd podcast logo and they say DM me for advice on business with Bitcoin every time I block them Google does some block all of them They just block that one comment correct. They don't block the user so if must can get rid of bots If must can get rid of the. If must can get rid of the bullshit. If must can get rid of all these gamification that's taking place. I think this app is poised to be a very, very powerful app. And for those who don't like it, there's an option to, I just texted it to you. If you want to pull it up before we go talk to our friend, you're Sankey. This this other company is called a tribal Social, and this is their mission statement.
Starting point is 01:24:49 To all the Trump supporters who are accusing us of censoring them on our social network, we don't censor any post. Our algorithms simply filter out fake news, bigotry, and hostility. If you want to trend on our network, your post must be factual and free of bigotry. If that's what you want folks, go on tribal social. If you actually like discourse and exchange of ideas and arguments back and forth, you know, somebody may or may not agree with you, then you may want to stay on Twitter. I like what yesterday Ricky Jervais retweeted a clip from the late, late, light show, the guy
Starting point is 01:25:25 that got in trouble last week for the restaurant, James Corden. And James Corden said, listen, as if Twitter didn't suck enough Elon Musk found the way to make it suck even more to charge $20 a month. He says, well, let me talk to the people on the other side. He says, you know what Twitter is like sometimes, did you see this or not? I thought the way he explained it was awesome. He says, you know what Twitter is like? Here's what Twitter's like. Twitter's like somebody goes post a poster
Starting point is 01:25:48 of guitar lessons in New York City and a person goes up to it and screams, and I cannot believe you post the poster for guitar lessons. What about people who love piano? He says, just walk past the poster. If you don't like the poster, walk past it. And then the other guy's like, and then if you post piano, what about people who don't have hands that can't play the piano?. If you don't like the poster, walk past it. And then the other guy's like, and then if you post piano, what about people who don't have hands that can't play the piano? Dude, just don't look at the poster. So it was so funny listening to both sides of the argument
Starting point is 01:26:14 with James was saying, but I'm excited about what Musk is doing quite frankly. The fact that there's so many unknowns, what this guy's gonna be doing, it's interesting. I cannot wait to see what happens to it. But with that being said, we have our friend here from Sankey research. How you doing? Bit rough, but okay a bit rough tell us why it's a bit rough. What's happening? What happened to I mean you talking about the list trust story
Starting point is 01:26:40 Halloween Halloween parade in West Village. Oh So I made up on you might see which is from last night. I should share a photo of it You got a little bit of static when you're speaking can can you do that without that mic or no because that mic is given us a little bit of Static maybe if you can do it with the computer mic it may be a little bit better. I don't know if you know how to do that or not know how to do that or not. It's kind of high risk. Let's see how it goes. Okay, I mean, we'll just work with that right now.
Starting point is 01:27:08 Just get into the question due to time that we have and we'll keep it brief, but you said it's still the same. You saw the story with Liz Trust. May have a problem. Did Russia hack her phone? A story came out by Daily Mail on Sunday claim that former former former former Foreign Secretary and Prime Minister Liz Trust's private cell phone was hacked by foreign agents suspected of working for the
Starting point is 01:27:31 Kremlin and that the hack was discovered during the Conservative Party leadership campaign that took place through the summer foreign agents were able to intercept messages sent to, sent by the soon-to-be about the war and you crain in a tweet published on sunday kim dot com the german finish entrepreneur and activists who founded mega plot mega upload on an online file hosting service that was shut down by the u.s. government claimed that the Russians knew the british government had a hand in a north stream explosions because of a message sent by truss from a personal iPhone to Secretary State Anthony Blinken apparently 10 minutes after the attack the the what he called it the explosion
Starting point is 01:28:17 Hursing it's done. So what are your opinions about these stories? I'm sure you're following it closely My reaction when it first happened was that this is this is a false flag type operation that this has been blown up by the Polish, by the UK, special forces, whatever, because I couldn't see any interest in Putin blowing up one of his own weapons. Now, there's an alternate theory, which is that he's deliberately showing what economic havoc he could wreak if he wanted to essentially threatening NATO because the Baltic Sea, where the explosion happened, is just about the most heavily defended NATO Sea, right? It's swarming with NATO. So the question is, how did the Russians get in there and do it, or did NATO do it themselves? As you know, the pipeline was blown up on the day that the Baltic pipeline started delivering to Poland. So it was very strange timing to say the least.
Starting point is 01:29:09 And as I said, I just couldn't see a reason why Putin would do that to himself strategically. So unless you just double thinking so that he could accuse the West of doing it, so that he could attack the West more. I mean, it's crazy, but what do you know? So look, this is your role. Again, if you don't mind, take 20 seconds, just tell the audience your background what you did so they know because you've been back here
Starting point is 01:29:29 now three or four times with us. If you don't mind just letting people know what your background is, and then let us know the following. So are you saying there is a possibility that lives trust new and she was involved with helping blanket? You think there is a possibility of that. So one, if you don't mind giving us your background and then two is there
Starting point is 01:29:46 Possibility that happened well to This is yeah, that's what I'm saying my background is I've been an oil analyst for 30 years since that I've invaded Q8 in 1990 You know in sort of Competition terms for about three straight years. I was the number one ranked all out of the store, more street working for Deutsche Bank. And then I've been a couple of boutiques. I was at a Japanese bank and now I have my own firm. So it's doing energy analysis. I appreciate that. So just so for the audience, you know, this is not just somebody that, you know, had a hardcore Halloween party to late night last night that's telling us what's going on here with the issue with UK, Russia, and Blinken. So if this is true, and this is verified, how ugly is this, how bad is this, and how
Starting point is 01:30:36 will they, you know, how bad do you think things can be if there is credibility behind the story? Well, you know, these, the Fourth of World, we don't know, but what's tragic is that when this all started, because I mean, Putin made a huge mistake, and particularly his military performed absolutely abysmally. So now he's in a jam and he comes back down. So that's a nightmare. And then we have security consultants on ourar on our call, we do a weekly call like you guys with you know, top clients. And the feel is that he was going to Aleppo. They said, if this is a quote-mire, which it will be, he's going to Aleppo Ukraine, which is to say, in Aleppo,
Starting point is 01:31:18 which is one of the most significant cities in the world, historically and culturally, in Syria, the Russians just bonded to the ground. They just wasted it. And so what they're doing now, which is absolutely tragic and horrific, is they're essentially just taking down Ukraine to dust. It's just a nightmare. So there's that full-west, I think the feeling is that Biden has actually managed this okay. He hasn't crossed any red lines. He's kept the pressure on Putin. We just don't know how far Putin will go. He's threatening nuclear, which obviously is terrifying, but he may just not be able to take that final step. I asked the State Department,
Starting point is 01:31:57 can he just hit a big red button? And they said no, there is a chain of command on nuclear. So he has to have at least three people agree to use it and and by the way added and you know we looked at this very closely because of Donald Trump. I was like I'm great. So there is a chain of command and you can't just hit a big red button but it's obviously terrifying. It's a bad situation man. Bad.
Starting point is 01:32:22 Paul gas prices going up, going down, staying flat. What are things going to happen with gas prices due to this? What we call gas, which is natural gas, is under a lot of pressure. So that's natural gas that you use, you know, for heating homes and everything. There's too much supply in the USA, actually, interestingly. So even though European gas prices are very, very high, we don't have a problem here right now. The gas price is under a lot of pressure. The gas price at the pump, the gasoline price, we think all those are going back to,
Starting point is 01:32:49 we're talking to the thing, 120 grand by next driving season, which is going to be May 2023. Right now it's printing, let me see here, around 95. It's 94, 38 right now. So we think there's, it's going back to 120 a barrel. Unfortunately, that's going to make the gasoline price go back up again because there's fundamentally a twofold problem that the president, Frankie, doesn't seem to understand at all. Number one is this not enough oil supply and using the strategic petroleum reserve for oil
Starting point is 01:33:23 suppliers, obviously, unsustainable, and that will end towards the end of this year. So you're going to lose a million barrels a day of supply from emergency storage by the end of this year. And secondly, there's not enough refining capacity, so that keeps gasoline prices very tight relative to crude. And again, the president simply just doesn't seem to understand this, but that's essentially the problem. And the reason you've shut down a lot of refineries is that you worried about
Starting point is 01:33:48 emissions. And refineries generate huge emissions. So again, he doesn't seem to understand that you shut down refineries because of environmental pressure from the government. But if you put all those things together, I'm afraid it looks like gasoline prices can stay pretty elevated. Got it. Paul, thank you so much for your time. Appreciate you. Have a good one again. Thanks for coming on Take care. Bye-bye By the way if this if this story is real If this story is real and he's saying it's real. What do you mean it's done and Blinken you're texting it. How do you process that whole concept of ten minutes after?
Starting point is 01:34:23 The explosion happened she Texas Blinken saying it's done. That's very confusing. How do you process it, Tom? I think there's a chess game that's played in the international arena that is beyond the narratives that we see. And something that he just brought up like about natural gas. United States, you know where Canada gets its natural gas? From the United States.
Starting point is 01:34:49 You know how much natural gas they get from the United States? All of it. So we are, we are open to Canada natural gas. And so when you look at the, and the reason I bring that up, that's not a stray statistic. If you really step back and look at the chess game that is the world energy market, a lot of people are going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to be going to Brent. There's three crude bases that are meaningful the United States. One is Middle East, Light Suite, then there's Brent or North Sea, as it's called, and then there's also a North Dakota, and the thing they call WTI, West Texas, and immediate, which comes out of Permian Basin. There's all of these markets, a fuel that are everywhere, and when you step back, the geopolitical forces that are behind this are so much different
Starting point is 01:35:45 than we see at the average level. It would not surprise me that in the chess game of Putin, that what basically, what we would war war two speaking here, the allies did was to say, you know what, we're going to hit the pipeline because it's going to cause this, this, this, this, this, and this. And there you go. And, you know, in the meantime, you know, the president speaks out of the other side of his mouth, because if you don't think we knew about that or winked at it, you don't understand the power of the United States on a military stage around the world. If you don't think we winked at that.
Starting point is 01:36:21 Number one. And then, two days later, what is Biden doing? I'm going to put a tax on there for this windfall tax on all these oil companies. Really, why don't you backtrack some of the political donations of the American energy consortium. And I think it's just a bigger chess game than people understand. But you know who knows the truth about this? Like, there's probably only one person likely, I mean, that actually knows the truth. And that's Putin. Either he ordered this or he didn't. So if he ordered it, he knows what's going on.
Starting point is 01:36:53 But if he didn't give this order, he knows that there's some, some, foul stuff at somebody, something in Denmark, right? Something rotten in Denmark. Some thing is rotten. Yeah. So ultimately, he knows what's going on here. I mean, who know? I don't know if there's been any, did Paul Sanky basically say he believes that this was the hands of the British via America, via the EU, what have you?
Starting point is 01:37:16 Is that what he kind of said? So I believe it because it helps Baltic. And it helps neutralize Putin, because now Putin has to do two things. One, who's pipeline is that? Who owns Nord Stream? Russia, Russians and the Germans? Yeah, what did we just do?
Starting point is 01:37:37 We turned off the cash register on Nord Stream. They're not delivering, and so they're not getting paid. Meanwhile, the Baltic pipeline is on. So I'm saying, you get to step back and look at this. I can three dimensions. It's not hard, but it takes time. And this is Putin's sole big money maker. Like what's the famous phrase about Russia that Russia is really just a gas station masquerading as a country. So if you cut off their money supply, oil supply, you know, there goes their revenue. So who knows what actually is happening here, but it would be a gangster ass move by the
Starting point is 01:38:14 British if that's exactly what happened. So I'm listening to this and it's just making me curious about, you know, the midterms are going to come and go and then the focus is going to shift very quickly to the presidential election. And I'm just curious how much of that presidential election, how much do voters care about these very specific issues we're talking about, about oil supply, which comes down to drilling, which the Biden administration has stood against in numerous instances, how much do they care about lifting regulations on the refineries, which would then increase the capacity of those refineries? And how much do they care about where does the voting public stand on involvement in
Starting point is 01:38:51 this foreign policy stuff? Liberals, for a long time, claim to be non-interventionists. Now I see them all with Ukrainian flags all over there, bios, and they're wanting us to give more aid to Ukraine, which in turn is deepening our involvement in that whole situation. I see mostly conservatives saying, get out. This is none of our business. You know, becoming more non-interventionists,
Starting point is 01:39:15 which is why, by the way, a guy like Trump won in his election to begin with because he was relatively non-interventionists and conservatives are more non-interventionists than people realize, because when they think of conservatives, they think of, you know, the Liz Cheney's and the John McCain's and that's not reflective of what the conservative voter looks like in large part.
Starting point is 01:39:32 But I'm just curious how much this is going to come into play because some of it is directly related to economy. It's directly related to economy and security, which are the two issues that we've really been talking about throughout this whole podcast. So maybe this all comes front and center and rather than having a largely domestic policy conversation, it becomes much more of a foreign policy conversation for those that are going to be running for the next time around. What people don't understand is, as I've felt, that there is a far left agenda that really
Starting point is 01:40:02 just wants to neutralize the United States and to bring upon this liberal world equality and globalism. Pure. And so when you put pipelines across the Midwest United States, which they canceled, when you, and by the way, everybody sees on the news about the drilling permits, right? Nobody sees anything, anything about about the refined reprimates. It doesn't matter how much oil you have, if you can't heat it up and turn it into aviation gas, kerosene, diesel, and gasoline, and nylon.
Starting point is 01:40:36 So if you can't refine it, then you can't do all these things. And if you take a look at the reality of what's up there, do you remember when North Dakota had a real economic boom? It's when the Saudis artificially kept the price of oil too high. And what happened was if that's the... Everybody was moving in North Dakota. Because if the price of a barrel was at high, then that's the price they have to work with to get the heat into the earth
Starting point is 01:41:06 to extract the shale oil. When the price comes back down, and I think it was $60, if a crude on a national basis, I mean, global basis goes below 60. Suddenly, it's not economically viable to pull shale oil. So what you do is you pause, and I can turn it back on when the price is there. The other side is anwar. What's up in Alaska? If we were to drill and put pipelines in, and this will shock you, it is five to seven years to full energy independence and and we would have more clout than Venezuela and UAE put together on a global stage to export crude.
Starting point is 01:41:48 Who, and by the way, what happens then, the power and elevation and stature of the United States as a, and the potential to be a bully, you know, goes up. And all the globalists are like, we can't have that happen. So they don't want drilling, they don't want permitting, and they don't want pipelines. This is a big chess game, and this is all what's going there. And I think it's, you know, this is the part that drives me really. Well, Jed, back to your initial question,
Starting point is 01:42:15 like how much does American voter care about these essentially nuanced discussions about oil and then shale and burning? No, zero. They care about the price at the pump. That's it. Like I just learned something from BizDoc and part of me is like, oh, that's very interesting.
Starting point is 01:42:32 But all of the above can bring your price to the pump to one of the seven days of my point. They care about 175. They care about all the down and those things. They care about the price at the pump. They don't care, well, you gotta understand that Ann Warren, when you heat it up and they're like, dude, what are you talking about?
Starting point is 01:42:46 Like just, his gas, $8 a gallon, or is it $3 a gallon? It's all I care about. And that's the American voter. So I think though that there is a growing part of the population of the American voter that cares about the idea that I talk about all the time that the current destruction is intentional.
Starting point is 01:43:02 And we shifted that over from, when we talk about the system, the matrix, whatever you wanna call it, we talk about the COVID agenda. And that was largely lockdowns, that was mandates, that was the way that society was crippled by the reaction to COVID, not COVID itself. And now that has changed and shifted over
Starting point is 01:43:21 by the globalists of the world, high bill gates, if you're watching, to the climate agenda. And now that climate agenda is going to be first and foremost as it means to cripple society. And that's what's gonna hit, these refineries, that's what's gonna hit, prevent drilling, what you're talking about, about anwar.
Starting point is 01:43:36 I researched that extensively when I first got into politics because that was the stuff that Sarah Palin was talking about. They dove in and went right after her primarily because she was an expert on energy and dependence had been working on that for years and she was deeply threatening to the system as a result of that and her expertise in that particular area.
Starting point is 01:43:54 So I think this is the new topic that does become relevant, this climate agenda because it's being utilized by the folks at the top to cripple society. And I think that because these prices do affect their everyday life, do affect what they're paying at the pump, do affect national security, do affect then the safety of themselves
Starting point is 01:44:15 and their families, I think that if you can make that argument tangible to people, and it's not something happening out there in the world, it's something happening right here in their hands, in their home and their backyard. I do think people will be very plugged into that. And I would advocate for a Republican candidate whoever it is, Ron DeSantis, Donald Trump,
Starting point is 01:44:32 whoever it may be, to zero in on that climate agenda. Because that is going to be the biggest force for destruction that the left is gonna utilize to cripple society. You asked about two things, if people care about oil prices and the war. Did you see two weeks ago or three weeks ago when everybody at a aoc town hall was railing on Alexander acazio Cortez for voting for nuclear war
Starting point is 01:44:52 all these progressives turning around at flipping on aoc i think that is a ex very exemplary and a bell weather that listen these progressives don't care about oil they don't care about gas prices they don't give shit they want to get rid of oil anyway they want to drive their Tesla to work or what have you you know what they do care about't care about oil, they don't care about gas prices, they don't give a shit, they want to get rid of oil anyway, they want to drive their Tesla to work or what have you. You know what they do care about? They care about nuclear war. The progressive caucus put a bill forward to pull out of Ukraine and to stop funding Ukraine,
Starting point is 01:45:13 and you know what they did, they withdrew it because they got too much pressure from the establishment Democrats. You had AOC, Rashida Tileeb, Ilhan Omar, the squad put forward a bill to stop funding Ukraine and they pulled it back. Their progressive base is going to flip on them. So the left is shooting themselves on the foot, not on oil, but on the Ukraine war. You're going to see these progressives turn around and say, no, I'm done with this. Not a hard argument.
Starting point is 01:45:33 Hey, American needs energy independence and you need a $2 gas at the pump. That's what we need. You can connect those dots for the average voter. Let's transition to the next story. We've got like 10 minutes left before we wrap up. Did you guys hear, did you hear about the fact that Zuckerberg's network declined? He lost a hundred billion dollars in his net.
Starting point is 01:45:54 That's okay. I asked you about that. Like, is that true? You're like, oh, this happened. I didn't believe it. He lost a hundred, put up the story from Fortune. He lost a hundred billion dollars. Here's a story from Vice Facebook's monopoly is
Starting point is 01:46:05 imploding before our eyes for years. The definition of success for many tech employees has been getting a job at FANG. Companies like Facebook, Amazon, Apple, Netflix, Google, but there's evidence that Facebook is on the purse. Here, give me this word here, precipice. precipice. precipice. precipice of dropping out of the group uh... out of this group through years of sheer mismanagement a failure to innovate setting money on fire and pursuit of metaverse that seemingly no one wants a vulnerable business model that
Starting point is 01:46:34 apple is squirrely taken aim at an upstart competitors like tiktok that the com uh... companies seemingly has no answer to in a little over one year the company has shed nearly you ready folks 800 billion dollars of its market care trillion dollars Wow with the lion's share of that coming these past eight months reality labs face books metaverse fantasy team
Starting point is 01:46:58 Burned through four and a half billion dollars in 2019 6.6 billion in 2020 and 10.1 billion dollars in 2021, that's a total of 21 billion dollars. Another 9.4 billion dollars in losses has been realized in 2020 to bring in reality labs operating losses to north of 31 billion dollars. And that's Facebook. Tom, when you see the story with Facebook and Zuck, What do you think about this? Somebody said the other day on Twitter, I don't know who it was. They said, look, now that Musk bought Twitter can somebody buy Facebook? Can somebody go out and buy
Starting point is 01:47:32 Facebook? How bad is it at Facebook right now? I'd like to apologize to everybody for my deep energy analysis. And I will thank you for comments that I should keep it more simple. And I'll take it right back to simple in this. Facebook is not getting consumers from the new generation. So old Facebook think of it as a gas powered engine. Zuckerberg thinks that Metaverse is his EV. That the old product is not going to be there long term and it's not growing in ad value and it's not growing in customers, especially the generation Z and new. So he has to bet on something else. And he's sitting there like Thomas Edison saying,
Starting point is 01:48:07 call me crazy if you will, but I got to invent something else that's gonna bring me revenue tomorrow and it is the metaverse. So I think it's that simple, what are you just looking at? By the way, did you hear what Jim Kramer did on Mad Money a couple days ago? He almost cried on the air, he apologized.
Starting point is 01:48:23 Oh, he actually did cry. He cried saying I apologized. He was talking to David Fabre. For telling people that Facebook is a good investment and Facebook stocks not done very well. So it's been a little bit challenging, but he was crying, yeah, you can see the interview. Well, it just goes to the show.
Starting point is 01:48:39 Nobody knows what direction the market or a stock is going. Jim Kramer, who's the quote unquote expert about everything comes to stock market finances now crying on air because of his wrong speculation. That's why it's so hard to do that. Tough week for CNBC because Deirdre Bassa, is that her name? Deirdre Bassa.
Starting point is 01:48:57 She also apologized because she got completely hoodwinked on the fake Twitter engineer story. So it's tough week for somebody to say of you said well a couple things about Facebook I because I Obviously I'll ask young people questions. I'm like are you on Facebook? They're like no like Once you saw your grandma or your mom on Facebook. Yeah, I'm off I'm off this platform. What am I talking about here and And rightfully so the direction like are your
Starting point is 01:49:25 daughters on Facebook? No, because you're on it, Tom. Nobody's trying to hang out with you, bro. Those are joke. So just but your your daughters are not on. You can stop yelling. Absolutely. Correct. I'm saying like the point is that like your daughters aren't trying to affiliate with their father or grandfather on Facebook is just not a thing. But the pivot that he's not a cooler interesting. Exactly.
Starting point is 01:49:48 But you are. So don't take that as a knock. The pivot to meta was at the height of the crypto market, the height of Bitcoin, the height of Dogecoin, the height of Ethereum. And then we've seen what's happened with the crash of crypto NFTs lost what 90% of their value over the last six, 12 months. So like talk about timing, like guys great idea.
Starting point is 01:50:15 We're gonna change Facebook to meta, cryptos, the hottest thing in the world. We're doing the metaverse thing. Waa, waa, like we've seen what's happened. I don't know if you can pull this out. I would love to know in 2020, the height of Zuckerberg's wealth, like where was he on the top 20 list, maybe number four or five, and where he is today. I would love to.
Starting point is 01:50:35 Adam on that also you can lay over the political environment because remember a lot of Democrats blamed Zuckerberg for not being tough enough and allowing the Trump election to take place with all the shenanigans. So he ends up in front of Congress on safety issues, on protocol issues, on foreign intervention. So the old Facebook was under fire and the old Facebook isn't getting new consumers as you just pointed out from my daughter's generation. So guess what?
Starting point is 01:51:00 The entrepreneur that is Zuckerberg says, I'm inventing my way out and I think it's that simple. And the pain they're going through, the reason that Facebook is dropping isn't because he's investing in Metaverse. The reason Facebook is dropping is because ad revenue is dropping. Subscribership is dropping. All those consumers aren't there. So while the thing is going down, Zuckerberg is not getting credit.
Starting point is 01:51:20 Will it work? I don't know if Metaverse is going to work. I don't think it will. But he's not getting credit for being the entrepreneur trying to invent himself out of the hole. Well Pat, let me do this up for you. You posted something, I don't know, a couple of weeks ago, you're saying like if you look at the Fortune 500 companies from 1950, like how many are still in it today? Great point. And it was like 50% of companies, I don't remember remember but like just because a company is the top dog does not Guarantee that they will be the top dog 10 20 50 years from now. What were those remember those six set like 70% 60% of fortune 500 companies from
Starting point is 01:51:56 1970 are no longer even in business. So just insane. Yeah, which is insane. So look but we're honest, right? But I will tell you I don't think it's because Zuck's not being innovative. I don't think it's because he's, you know, but he went all in on NFTs and meta and it backfired. As great of a product they may be producing with $31 billion into it, the market said, no, we're not going to, it may happen in the next 10 years. It may happen in the next five years.
Starting point is 01:52:24 It's just not happening right now due to what a what a market said. Tyler just pulled this up in 2020. He was the fifth richest person in the world. This may be 2021. Okay, even 2021. Exactly. So conservatives also don't trust Facebook, generally speaking because of the collusion that happened between Zuckerberg and Fauci and the whole team on that stuff. They don't trust that. But I always say Facebook reminds me of cable news. It's like, I hate to say it this way, but the audience is dying.
Starting point is 01:52:50 I mean, they're very old. These are very old people. So they have to like reenergize. You have to get those TikTok people to wanna come over to Facebook for some reason. And why? I feel like Twitter has its own brand. It's where you go to kind of have that debate,
Starting point is 01:53:05 the discussion, I totally get the appeal of Twitter. I also get the appeal of TikTok because it's like these little sound bites, I get the young generation that has no attention, I'll spam all of it. What is Facebook doing? Really, that's unique and why would I want to be there? Let me just say this, though.
Starting point is 01:53:18 Let me just say this, though. In two years, do not be surprised whoever gets elected in 2024, 2025. If they choose to ban TikTok, then in 2025, the app that could take off is Instagram. And Instagram will get all the people from TikTok that will move over. And by the way, most of our clips do better on Instagram right now than they're doing on TikTok. If those people move over, Facebook will be back up again.
Starting point is 01:53:43 But in the next two years, it'll have a lot to do with somebody taking down TikTok in the States. Go ahead Tom. And by the way, give it a last word and a tip of the hat to certain types of leadership. Who is responsible for the 10-year run at Facebook? Who is responsible for the economic plan for the 10-year run? Cheryl Sandberg, who was recently departed. That's right. So I said a certain type of leadership.
Starting point is 01:54:05 There is one of the most influential best, I don't agree with her book, everything on lean-in, but there's parts of it that I love in terms of my daughters. But she came out there, female in leadership at the top of tech, and drove this thing. And a lot of the mistakes and things that happened, she and Zuckerberg had a falling out. So let's face it, she was retired. Let's understand what happened here in the face of the stuff and things that happened. She and Zuckerberg had a falling out. So let's face it, she was retired. Let's understand what happened here in the face of the stuff that was going on. But he also lost his number two
Starting point is 01:54:31 that drove the company to where it was. Yeah, and Pat has a very good point about, let's not underplay the fact that he changes entire company name. Very risky. Entire brand to the metaverse. Yeah, he changes entire company to meta. Not like, hey, this is a branch of what we do. No, it's the entire company is meta now.
Starting point is 01:54:54 He's telling every engineer in the company. Well, this is it. We're at the end of the podcast, home team podcast today. Hope you guys enjoyed it for the people that tune in. There's a lot of you guys that prefer this than you prefer the interviews. There's some of you guys that love the interviews but some of you guys that just prefer us talking about current events. I think we're doing it again on Thursday if I'm not mistaken. Possibly you know, we may have a surprise from somebody
Starting point is 01:55:17 we're working on for some major interviews that are becoming out soon. Jet, I know our interview is going live Friday Thursday. Okay, Thursday on. Yeah. On my show, that I be alive. I interviewed this guy right here, and we talk about high value men. We talk about marriage. I dug into all the juicy stuff you know I did. So yeah, she pushed the envelope. We had a good time. And by the way, jet jet, jet jet, you know, that's growing 40,000 subs.
Starting point is 01:55:40 It's growing. Can't wait for that to get to a million subs. In no time, Adam, what's your next show you got coming up? Thursday, sauce cast. Thursday, sauce cast, 4 PM. Yes, sir. 4 PM. Okay, having said that, folks, we'll see you guys again in two days. If you enjoyed this podcast, give us a sub at 500,000 subs.
Starting point is 01:55:57 We're going to do something really special. Maybe even invite some of you guys to come to our new set that we're producing with 300 people there. But we're going to do that at 500,000 subs. If you enjoy the podcast, give us a sub, support the content that we're producing here. Take care everybody. Bye bye.

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