PBD Podcast - Home Team | PBD Podcast | Ep. 216

Episode Date: December 16, 2022

In this episode, Patrick Bet-David is joined by Tom Ellsworth, Adam Sosnick and Vincent Oshana to discuss the current state of the economy, the Fed raising interest rates, FTX, Joe Rogan and much more...... TOPICS Reaction to Fed’s raising interest rate to the highest in 15 years  Is 2023 the year of investigations?   Reaction to Household wealth dropped by 13.5 trillion Economy could lose 2 million jobs in 2023  Elon Musk’s Six rules to work for him  FTX spent 256 million on Bahamas real estate Kevin O’Leary explains the downfall of FTX  Reaction To Joe Biden Trading Russian War Criminal For Brittney Griner  Reaction To Legislation Banning Tiktok In The US Reaction to polls between Donald Trump and Ron DeSantis Was Joe Rogan The Most Influential In News Media 2022? Protect and secure your retirement savings now with this complimentary precious metals guide.  Go to http://goldco.com/pbd or call 855-594-2758 today! FaceTime or Ask Patrick any questions on https://minnect.com/ Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ PBD Podcast Episode 216.  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 Did you ever think you would make it? I feel I'm supposed to take sweetly the theory. I know this life meant for me. Yeah, why would you bet on Goliath when we got bett David? Value payment, giving values, contagious, this world of entrepreneurs. We can't no value to hate it. I'd be running home, you look what I've become. I'm the under one.
Starting point is 00:00:23 Oh, yeah. Oh, my God. Okay, episode two, 16 with home team. We got a lot of stories to cover. My voice today is sponsored by a root canal. I got yesterday. Congratulations. Just swelling on the right. It's my first one ever.
Starting point is 00:00:39 I gotta tell you, shout out to the folks at Craig Spadek and Dr. let me give a shout out to the folks at Craig Spadek and Dr. let me give a shout out to him as well. David Prusakovsky, I'm sitting there getting the root canal with the assistant to the right, we're watching the game Morocco against France. And in the middle of the root canal, they score a goal. I'm not moving, I want to jump, but they did a great job and I'm in a lot of pain. I got my ass handed to me.
Starting point is 00:01:06 Okay, though. All right. Today, we're all right. Listen, I'm not gonna miss a spot. Guess that I was looking forward to it. That's right. Pat. Future looks bright. Future looks bright. And tomorrow we got BPW. Tomorrow we got business party. All day long. And tonight you go to a nice party. That's gonna be fun. So stories. Yeah. By the way, this entire podcast, if you want to get a root canal down here in south florida join us i'm not a good for the best oh my god anyways vini's got to get one himself as well so couple stories got to get into elan must boot off stage during davis chappelle's
Starting point is 00:01:35 comedy show eric if you guys check in the back on vini's voice and with elan must boot off stage from the davis chappelle's comedy show yesterday elan must offer solution uh... to users being shadow band after second Twitter file exposes company bias. We're going to respond to that. Some people are extremely concerned about the fact that Elon Musk is no longer the richest person in the world.
Starting point is 00:01:56 I'm sure we're going to start a go for me today for Elon's, just hang tight when we talk about that. Like that. Musk removes 1.5 billion Twitter accounts and else is new feature for user tweets got a lot of all these bots kid enough i'm sure a lot of propaganda folks do not like that if you're thinking about working with musk there are six rules you need to know before you decide to work with them
Starting point is 00:02:19 would you survive working under musk will gonna talk about that a biton's deal for uh... brit griner tom not grinder but britney griner he's gonna tell us grinders story later on here in a minute but was that a good deal was at a bad deal uh... obviously will talk about uh... maybe she should have read that one book was the guys uh... he wrote a book called the real estate i wrote a book called the order to deal with it all that should be a should read that book
Starting point is 00:02:44 uh... never happened to that guy one will talk about that as well fed raises interest rates half a point real estate guy wrote a book called the order the deal. Oh, that should read that book. Never have another guy. Well, we'll talk about that as well. Fed raises interest rates, half a point to highest level in 15 years, five reasons where we could be going into recession. This is a story according to Bank of America. Brace for recession in 2023 as job losses top. Two million city says, how sold wealth ready for this? Lost 13 and a half trillion
Starting point is 00:03:07 dollars from January to september second worse destruction on record ftx 256 million out of Bahamas real estate now the islands government wanted back times got a story about that community very funny story met a staff are hitting out of a, uh, at Mark Zuckerberg, Zuckerberg in blind reviews because they think it's his metaverse obsession will singlehandedly kill the company. I'm Facebook, by the way. People who skipped, uh, you're ready for this one. Those who skipped COVID vaccine, you got to be concerned about this or story by fortune and Yahoo. If you skipped your COVID vaccine, you're at a higher risk of traffic accidents.
Starting point is 00:03:44 What? According to new study, literally're at a higher risk of traffic accidents. What? According to a new study, literally, this is a study. No joke. We will cover that. Elon Musk will protect the pandemic with, by the way, he says, a prosecute Fauci. A bunch of things going on with TikTok.
Starting point is 00:03:56 We'll talk about that. The Sanctus, a grand jury investigation of COVID-19 vaccine, that's a scary thought for a guy named Anthony. And then the Santa's Claubber's Trump approval by 32 points with Florida Republicans. This is a story by Mediate. And we got a bunch of other stories, maybe a Kanye story, and maybe a little bit of World Cup.
Starting point is 00:04:18 And we have a list here of the top 75 most influential media personalities. We will definitely cover this as well. But before we get into a, let me give a quick shout out to our sponsor, gold code. So a couple of things you need to know. I would say, Aaron's in right here, myself, we've talked to a lot of different gold companies for the last three years for me to team up with them. A friend of mine who was a very well-known guy in the gold market in LA, I called them,
Starting point is 00:04:46 I called around, I said, hey, give me, give me reputation on different people who delivers on their promises, who somebody that's real, when you're dealing with them, and a guy that used to work at gold call before, he says, Pat, here's all you need to know, even though I'm not with them anymore, these guys deliver, they do their part. So if you're watching this podcast, you're a hard worker, you're here because you are building a business, you want to learn how business works here from industry leaders, basically you want to better yourself. While you're going out to making your money, the last thing you want to do is see your money shrink due to inflation, which by the way, keeps going and keeps going and keeps going. Every time Powell comes out there, people
Starting point is 00:05:21 are concerned, or see it sink with the stock market. That doesn't sit well with me, so I want you to learn how to protect your money with gold and silver. Give our partner gold code call today to learn more about protecting your savings. And as a value payment viewer, you could get up to $10,000 in free silver.
Starting point is 00:05:39 That's right, $10,000 in free silver. So when it comes down to buying precious metals, reputation matters, that's why I partnered with Goldco. Give them a call at 855-594-2758. Once again, 855-594-2758. Or click the link below to hear more. You can also go to the website, goldco.com for a slash PBD.
Starting point is 00:06:02 Once again, goldco.com, forward slash PBD. Once again, goldco.com for slash PBD. Let's make sure we put the link to everything below and Tom do not touch the mic like that again. Please get right into it. All right, so how you, I'm scared now because I have to get, yeah, I have to get a root canal. Now after your story, I'm gonna pull it to town.
Starting point is 00:06:20 Well, if you're gonna do it, you gotta do it with these guys. They'll entertain you, they'll tell good jokes. So, all right, what story do we want to get it to Tom let's get right into the economy so yesterday uh... uh... you know I was sitting there we're having a meeting because we're uh... looking at hiring a cf phone we had two interviews back to back couple guys we liked a lot both flu and both were studs while we're talking to them the market was up
Starting point is 00:06:40 four hundred points all of a sudden like what the hell happened why is the market down? And then it says, Fed rates is interest rates, half a point to the highest level in 15 years and now it makes sense whether, you know, market goes on. So Federal Reserve on Wednesday, raised its bench market interest rates to its highest level in 15 years, indicating that the fight against inflation is not over yet, despite some promising signs lately, keeping with expectations, the rate setting federal open market committee voted to boost
Starting point is 00:07:08 the overnight borrow and rate, half a percentage point, taking into a target range between four and a quarter, to four and a half, the interest broke a string of four straight quarters, three quarter hikes, three quarter point hikes, the most aggressive policy moves ever since 1980, along with increased came an indication that officials expect to keep rates higher through next year and no reductions until 2024. That's not good news for those involved in real estate
Starting point is 00:07:35 and loans. The expected terminal rate or point where officials expect to end the rate Hikes was put at 5.1. Tom, thoughts on this rate hike and any other data you have on what's going on the market? Well, we can start right now with the rate. And so, what everybody's hearing about inflation, oh, wow, you know, 7.1 instead of 7.3. That doesn't mean prices are falling. They're just not rising as quickly as they were a minute ago. So, they're still pressure on the American consumer.
Starting point is 00:08:04 But yesterday, we'll talk about the stock market first. So the consumer, you see CPI consumer price index, there was some positive news on that and they created a market rally. And by the way, there were programmatic trades that were going on. Did you see this? That minutes before the CPI data came out,
Starting point is 00:08:21 somebody knew, and they were putting out programmatic trades. The market had a rally based on some positive news on consumer pricing. But then Powell goes to the microphone and says, well, it's a half point now, and there's going to be another half point, at least in February. And we're going to keep doing this until we can get inflation down to 2%. And then that was a downer, right? Sort of a cop showed up at the keg party and now the market came down. So that's what was the market was reacting to. But what it was interesting
Starting point is 00:08:52 that I saw about the whole thing on inflation was right now gas is really the thing that was driving inflation calculation. And a lot of people were critical of Biden opened the strategic portfolio reserve. So what he did, he put more supply out, cheap supply, and so the price of gas is going down. Now, it's a negative thing that he's using the strategic reserve to do that, but it's a positive thing right now for people that are commuting to work
Starting point is 00:09:19 or paying less for gas. That's a positive thing. But there's nothing else on there that was really going down, as a matter of fact, services, including public transportation are now up 25% year to date, which was pretty heavy. So that's what was the market reaction yesterday, but underneath that pat inflation is still tough on Americans. By the way, this story Fox News says, five reasons why the US could lead into head into recession and march.
Starting point is 00:09:46 According to Bank of America, number one, the yield curve is the most inverted since October of 81. Their time at the tenure, US Treasury yield currently about 80 basis points below the yield of the two year US Treasury. So they're concerned about that. Number two, oil is down 40% in six months despite various bullish supply factors Including China reopening its economy the Russian oil price cap and empty US strategic petroleum reserve and Ulpec remaining supply Constraint number three bank stocks are down 10% and just four days. That's concerning
Starting point is 00:10:21 ISM manufacturing new orders are down three straight months during the current period of high innovations, altogether deserves as a potential signal that business are anticipating or already expect experiencing a slow down in customer orders and alas, the US home sales index is down 37% year over year. While home prices are Sweden, New Zealand, Canadaada and sydney australia are down thirteen percent eleven percent ten percent five percent respectively overall the housing market both in the u.s. and abroad is slowing down and that can be had that can have a negative wealth
Starting point is 00:10:57 affect and hurt consumer spending at all i'm more of a question for you pat to kind of circle back to what we just talked about with uh... the raising of the interest rates. I think when it comes to politics, I think we're all very focused on who the president is, who's the vice president, who's like in the Senate, but is there anybody more influential than the chairman of the Fed? Like is Jerome Powell the most influential person in America today?
Starting point is 00:11:24 Right? Like, if you go down the list, whether it's Jerome Powell, go down the list and who is the most influential person in America today, right? Like if you go down the list, whether it's Jerome Powell, go down the list and who was before that Janet Yellen, then you had Bernacchi, then you had Greenspan, you had Volker, like these are not household names to most people, I guarantee you, if you go around to most Americans, be like, who's this?
Starting point is 00:11:38 Picture Jerome Powell, they'll be like, I don't know that dude, picture of Janet Yellen, like my grandma, it looks like my grandma. Like Nana, these are not household names, but these are the actual people who are running the country like we drop It's Biden. It's Obama. It's this person. It's McConnell. It's like We get it these are the people but behind the scenes these are the people that affect your actual Money your savings rates your debt. You know how much you're paying on interest rates, credit cards, college loans, all that kind of stuff. So, you know, it's crazy you're saying this,
Starting point is 00:12:10 this is why for me, I went and I was talking about, I tweeted this idea, the last time I listened to the radio was 2002, I haven't listened to the radio since 2002, you know this, because my music stops at 2002, I know nothing after all to you. You know what I'm talking about, like, Jarrul and Nellie, and then it falls off of the beat. I know nothing after all to you. You know, I've been told about like, Jauru and Nelly. Nothing falls off.
Starting point is 00:12:27 That means happening when I tell you literally this weekend, we were playing spades at the Woody Cotta, one of the events parties. The time I don't know where we were at the Manashina Saipales place and for Lauderdale. I'm playing spades against Swazo from New Orleans. Whoop, his ass when he was teamed up with him. Hear that. Swazo. Swazo from New Orleans whooped his ass when he was in that place. Here that was. So you're here that. Okay. From Memphis, but until Jamie Musgrove showed up was like she
Starting point is 00:12:50 really had she knew how to do she never made a mistake. But anyways, two Armenians whooped on a bunch of guys from New Orleans, Chicago, Memphis. It was awesome. But they were playing hip hop, you know, they're playing all this stuff and you know, I'm talking to the guys. So tell me who the top five best rappers right now in this guy says, well, little baby number one, and I'm like, and he plays the little baby. I'm like, dude, I'm
Starting point is 00:13:10 not, I'm not, I'm not, I'm not, I'm not, I'm not. You don't know what the pop, you don't know what the pop, I'm good. Here's the point. There's a little baby, there's a little baby and a baby. I can't, oh, two, I stopped listening to the radio. But then what happened was, I realized the, I'm not going to follow anything with politics. I'm not going to follow anything with the economy. I'm not gonna follow anything with the economy. I'm just gonna mind my own business read my books. That worked out because my mindset got tighter. But then as you get bigger and bigger with your business, it is very, very important to follow what's going on the news. Now here's a problem. A lot of people will say, well dude, I don't know
Starting point is 00:13:38 who do I follow? I don't trust CNN. I don't trust Fox. Let's just, you know, all these people that say they don't trust this. I will tell you if there is a time, you know, I think you would vouch for this as well. If there is someone you ought to subscribe, this is not a sponsorship. We're not making money off of this. They don't send us nothing. Go subscribe to Wall Street Journal and read it every day. Okay. I think the Wall Street Journal, if there's anything they do, they're the most fairest
Starting point is 00:14:03 ones that will call out shit on the left and the right and the middle I think they're straight up so my suggestion is do follow a publication that you do trust and I would say I put Wall Street Journal on the first one I completely agree with you and to go back to Adam's point the president sets policy in a general sense and he is very, very instrumental in a lot of the programs that come out. But you're correct about the Fed, the operating independent of the President. He can't really control them, but there's really two people that control the economy. One is the chairman of the Fed and the other is the US Secretary of Treasury because that's
Starting point is 00:14:40 where all the tax planning comes. So the President very much controls tax and treasury. He goes to treasury and he says, listen, this we're going to do in taxes, we're going to do, we're going to cut taxes, we're going to raise taxes, we're going to do tariffs. And so the secretary of treasury on the left and then Jerome Powell on the right in the middle, those are the three that will impact the economy. But you're right. The Fed very much has a mind of its own whereas on the other side that president has control of tax
Starting point is 00:15:08 to sector that being said do i might need to re-camp my statement of Jerome pal being the most influential powerful person in america maybe it is jenny elin because she said both positions the last few years you know you was the chairman of the fed for years it actually is the uh... secretary of the treasury so is jenny yelling the most powerful person in the market not on the cover of oak anytime soon but she's gonna be on the cover of time magazine and other things because she swings a lot of she's got a lot of weight you think she's not hot enough that
Starting point is 00:15:37 why she's not gonna make a cover of a and i don't know how would you just i know i don't know the army who are into that what she looks like he's gonna be the new Harry Potter movie Tom, how would you just I know a lot of friends from the army who are into that? She looks like she's gonna be the new Harry Potter movie. No, no, take a look at that. Take a look at that. Take a look at that. Is that Buddy Hacker? Tom, nobody knows who Buddy Hacker is. We appreciate that. That joke. But here's the question. Yeah, I actually want I want to go do that. Do you know who Buddy Hacker? No, none of those. What? I do?
Starting point is 00:16:01 No, stop it. No, Buddy H, stop it, stop. You know that. Tom's telling jokes from 1960 and he's like, come on guys, it's good, right? No, nobody knows buddy, hack it. But here, take off the glasses. And actually it's pretty similar. Get it, why not without the glasses? But here's my question.
Starting point is 00:16:15 We're having this debate over whether Janet Yellen or Drone Powell, who's most influential to the average American, like they don't know who that, like swear to God, be true. Vinnie, did you know who that lady was? I'm gonna be dead serious. Yes.
Starting point is 00:16:28 I knew she had something to do with finance, but I don't memorize her name. Like if I showed you a picture of her, would you know who she is? Be real. I would know she's in government, but I don't know, I don't know. Like a power guy? I know he's a weird guy with glasses, right? No, that's Fauci. They're all weird.
Starting point is 00:16:42 But yeah, but this is my point. Is that we get so obsessed with fucking Trump, I buy it and it's an idiot Trump's like these are the people that are actually affecting your money. Yeah, right? Yeah, and it'd probably be good to just know their name. But here's my question from the average Joe point of view. We keep I keep here in this, you know, this is going up. Bank of America is warning us of the recession. Everything's coming in fleek. I thought thought we already were in a recession. Why is everybody keep saying that's not the definition.
Starting point is 00:17:08 The white house changes it every two seconds. But what I'm saying is like everybody knows that we're already there. Inflations insane. We are technically in a recession. So what is all this? It's coming. Get ready for it.
Starting point is 00:17:20 I thought it's already here. What is it? Two quarters of a second of a negative? A negative. Well, how many times have we had that? What is the fourth quarter? But you got to realize that it's a very good point that Vinny makes. So think about this, how strategic this was. One, we tap into oil reserves gas prices go down right before the election.
Starting point is 00:17:41 Okay. You got all the stuff with Sam Bankman free, the investigation comes after the election. You got the, what do you call it, going back to the other issue that we're talking about. You got a bunch of things that happen right after the election, Twitter files, right after the election, everything timing-wise, you have to give it to the Democrats. They time it so perfectly well for midterms, Hunter Biden, right after the election. Everything was right after the election.
Starting point is 00:18:14 Credit as a strategist, as a strategist, dirty and all this other stuff, as a strategist. The credit goes to the timing of credit goes to the left. I will tell you this still, you know how every year there's a year of something like we're calling 2023 the year of building character in the insurance company, PHP. So we're calling the year of building character. Every year you ought to have a name for that year. Like when I go to give a talk, every talk I give, I have one word that I think about and I have my entire talk be revolved around that one word. If I'm speaking to an audience
Starting point is 00:18:47 If I'm talking to my kids if I'm having any kind of a conversation, it's one word 2023 is going to be the euro investigations all year long FTX and bankman free investigation a lot of people are going to be tied to it You got trump investigations. You got Fauci investigation, you got Biden investigation, Hunter writing investigations. It's gonna be all about investigations in 2023. And here's my concern. And so what they're doing is both sides have to kind of sit there
Starting point is 00:19:18 and realize, dude, if you guys want to play this investigation in impeachment stuff, and nobody gonna get nothing done, we're gonna be constantly in this mold and we will lose six, eight, 10 years just constantly investigating each other. Now here's the other part. To the voter, the voters send their saying, Pat, I don't care if we keep investigating for five years.
Starting point is 00:19:38 I want to know what the hell happened to COVID. By the way, did you guys watch this documentary that suddenly or not? You told me to watch it. Did you watch it or no? It bothered me so much, Pat, that my cousin, Ron said, who came here to visit? He goes, Vinnie, is there any way to take vitamins or something
Starting point is 00:19:53 to get the vaccine? He was so scared because he took it because he was forced to watch the documentary. Did you watch the whole thing? That stuff that was coming out of town. Did you watch it or no? No, no, yeah, Adam, I don't have anyone. You guys watch it or no?
Starting point is 00:20:04 Have you seen? So last night, I watched this thing. And I'm like, yeah, fine, I'll watch it. I take a look at it. I'm like, oh my God, you gotta be. And by the way, the way everybody was passing out and dropping and dying and stuff. Comedians, yeah. I just thought it was just weird.
Starting point is 00:20:19 Now, here's the thing. You know, if you're in the financial industry and you're in this business, you're paid to be a skeptic. If you're 100% too confident, you're not gonna have a long career because you're like, oh, yeah, guaranteed. Just a you don't know, right? So everything's like, I don't know. I'm a skeptic. I may be wrong. You got to constantly be in that skeptic paranoid phase of what you think's gonna be happening. When I watched this, I said then I said, dude, I got a lot of questions of questions man I want to know what the hell is this all about either these doctors are lying about all the stuff that they're finding Which is very abnormal and bomber and bomber yeah? Yeah, yeah, what it is like
Starting point is 00:20:55 By the way if you watch it. It's an hour and eight minutes very disturbing to watch So I watch and he says look at the search. He says just go on Google and type in the word Just died suddenly just go Google the word type in the word, just die suddenly. Died suddenly. Just go Google the word died suddenly. And he says, you will see so many stories of, put a news, go to news, right? That just died suddenly.
Starting point is 00:21:12 Why did Hillary Clinton take your pop up? Just died suddenly. 22 year old, just died suddenly. This is just like something. And then you're saying, so, oh, it's because of a stroke. It's because of a diss, it's because of a debt. Then in India, if you go on, if you go on YouTube and and you type in if you go on YouTube and type in diet suddenly in India There's all of a sudden a massive surge of heart attacks of people dying suddenly if you go on YouTube and just type in
Starting point is 00:21:36 Diet suddenly you'll see a video that will come up about India Write that don't don't don't click on it. I'm just showing India today, just died suddenly. That people are just dying suddenly, and we have to do all these other stories. Here's all I'm saying. I don't know if it's true or not. All I'm saying is, we ought to investigate that to learn more about it. One of a sudden.
Starting point is 00:21:55 Did something happen with Biden at this point? Well, everybody knows he was involved in something. So guess what? We have to investigate that. I was watching MSNBC the other day, and they're like, yes, here's what's going on with the files, and it is true that there were certain things going on with Hunter Biden, and this was Ukraine and all this stuff.
Starting point is 00:22:11 And I'm watching this lady from MSNBC with the two different people sitting there. For a second, I'm like, this sounds like Fox News. Why are you doing this now? Two reasons. One, they don't want Biden to run. At all. They want to get this guy to step
Starting point is 00:22:25 aside so they can get a new sum or somebody else to run. Hillary Clinton is salivating, thinking this is our last chance. This is why she's going around doing what she's doing. But you're going to see how quickly they're going to flip on Biden. They're going to force him to retire the same way they forced Elizabeth Warren, the same way they forced Bernie Sanders, Amy, they forced them to retire from that election. Even the Bernie was whooping on everybody, they forced him to retire, right? They cheated us out.
Starting point is 00:22:54 And they're gonna force Biden to retire after all these stories. These guys are very, very strategic and methodical on the way they work. So although I'm not a fan of constantly being in investigations, I am a fan of wanting to know the truth. So I think 2023 will be the year of investigations and it will be a rough year for the Biden's. It'll be a rough year for the Fauci's.
Starting point is 00:23:15 It'll be a rough year for anybody that they don't want to be in office. It's gonna be constant investigation all year long. It's gonna be a problem. It's gonna be a problem as well. Yeah, no, for sure. I'll pass. Here's my question to you. Do you think anything will come about?
Starting point is 00:23:30 Because I'm personally sick and to every day, Hunter by laptop. You've heard the Biden, the Hunter laptop so many times. I mean, we, you know what was going on. He was a backman first father. The big guy Tom was Joe Biden. He did all this stuff. God knows what about the drugs and the underage
Starting point is 00:23:49 shitty has on the computer. Nothing's gonna happen. Fauci, if you wanna see someone that's gonna be on their investigation that looks like he's untouchable, Fauci, nothing's gonna happen to him. Now what's gonna happen? He's gonna go to jail. Let me ask you question.
Starting point is 00:24:02 Did you grow up in a household where people were smoking cigarettes? My father. Yeah, three packs a day. That's why you don't. You ask a question did you grow up in a household where people were smoking cigarettes my father yeah that's what you are no you did not run did you did you open a house hope did you guys did you smoke did anybody in house smoke cigarettes in the house my dad and how about yourself anybody so my house both my mom and my dad was smoke cigarettes oh really both of them I'm talking to packs a day so the entire house was cigarette both of them both mom and dad were both smokers
Starting point is 00:24:30 cigarettes right and it was very normal well then what happened all of a sudden a lot of people stop smoking cigarettes I don't even understand people with smoke cigarettes today. So we're gonna walk around I'm like let me see if any of our employees smoke cigarettes like think we got one that smoke cigarettes and I catch him and he always hides But I just I don't like the smell. I don't like the anything about smoking cigarettes But guess what happened a movie came out called Thank You for not smoking. No, do you remember that movie or no? Do I know the movie? Yeah, oh my gosh. It's wonderful. It was written by No, it's thank you for smoking. Okay, thank you for smoking. And it's time for smoking. William if Buckley's son Christopher Buckley wrote the book that became this movie. Yeah, and by the way, if you've never seen a movie,
Starting point is 00:25:06 Aaron Eckhart watched the movie, magnificent. Here's what I'm convinced is going to happen. Here's what I'm convinced is going to happen. If the movie people are truly into making an impact, and it's a crusade, and it's a cause, and it's all this other stuff, someone has to go out there there make a movie saying, thank you for taking a vaccine. Like, more.
Starting point is 00:25:29 No, but a movie. Not a movie with big actors, okay? Similar thing like this and going after Big Pharma, okay? Straight up going after Big Pharma. Because if they did something like this, I'm convinced they're eventually gonna be held accountable. I don't know if Fauci is gonna be alive for that. Cause I think Fauci right now is 80 years old,
Starting point is 00:25:50 whatever age he is, he's young. So he's a young 80 year old, he's not an old 80 year old, and that's not forget, he was the sexiest man alive at one point. He's 81 years old, but if he's good looking 81 year old guy, if you think about it, okay? Cause he probably didn't take the vaccine, if you think about it.
Starting point is 00:26:04 But the point here is The point the point here is the point here is I Want to know what happened and I think eventually we will I just don't know if that eventually is gonna be sooner or later They were asking the Elon Musk a question about hey, so, do you think they're gonna come and target you? The government's gonna do this. He says, absolutely, they're gonna come after me. He says, but the good news about that is, the government always moves very slow.
Starting point is 00:26:31 So it's gonna take a while before they come after me. So it's gonna take a while before they get down to Fauci. Go ahead, we're gonna say something or no. No. They need to everybody to, because this is your time when you jump and you say, this message is sponsored by Pfizer, or by Moderna, Johnson and Johnson to take your fifth booster and all this other stuff. I mean, are we talking about COVID vaccines?
Starting point is 00:26:52 No, I'm just talking about it. It's gonna be your investigations. I sent our friend Rob, actually, what the word of the year where I thought it was gaslighting. So it was gaslighting. 2021 is gaslighting. It kind of makes sense. And there's also, I think a bunch of different dictionaries
Starting point is 00:27:07 have different words. Also, woman was the word of the year 2022. But I guess I'll ask this. We've seen the politicization of science and public health with COVID. We've seen that. There wasn't, and rightfully so. I mean, the data shows that if you're in a red state,
Starting point is 00:27:29 you're less likely to take the vaccine. If you're in a blue state, you're way more likely to take the vaccine. I'm wondering what the trickle down effect of this will be, meaning if you wanted to get the flu shot for years, that wasn't a controversial thing. If you've got kids like to getting the measles, mom's rubella thing, that's not a major controversial topic.
Starting point is 00:27:50 So clearly the COVID vaccine has been very controversial. I'm not even waning on my opinion on it. I'm just, I think we're all aware of the fact that it's been controversial. I'm wondering what the slippery slope effects will be with other vaccines that have helped, you know, whether it's polio or measles, mums, flu.
Starting point is 00:28:09 I'm wondering what the side effects of that will be. Like, are people less people gonna be inclined to take that? I don't care what it is. Here's what I wanna know. I just wanna know what the side effects are. I wanna know if it's good or not. That's all I wanna do. I think I'm the only one in the room
Starting point is 00:28:23 where I actually took the back of the boat, so I can travel in it actually. The first one after the first shot, I had shortness of breath for like two months. Yeah. After the second one, I gained 15 pounds and I had a lot of swelling in it. You did? Yeah.
Starting point is 00:28:37 I haven't been the same set. Well, look, here's all I'll say. I'm about, give me this study. That's all I care about. Like, you you know when you want to invest in two mutual fund What do you ask? Okay, can I see the perspectives what has it? What has it done the last 10 years 20 years 30 years? You want you want research? Yeah, that's all you want I think the American people asking for research. There's nothing wrong with that and by the way the more we learn
Starting point is 00:28:59 The better we get you know at one point people like secrets are not bad for you Well, guess what they are you know? We just want more research and data. And then we will collectively make an educated decision to say, yeah, I'll take the shot, or no, I won't take the shot. That's all people are asking. Because when it comes to fluid meat,
Starting point is 00:29:14 like they're about to add, how long are those around and they're stable? This has been around for a year. And the push of the government, the Blasio in New York was live saying, we're gonna give you guys a free cheeseburger, shove this needle inside you, and put some experimental drug.
Starting point is 00:29:30 All I'm saying is, like Pat said, when they were like, trust the science, I need at least 10 years of research and let them fix it, and you know, upgrade it, and people were just stepping up because they were all, all these people in Kahoot were like, get it, get it, get it, get it. How much money did all the Pfizer and all the big farming?
Starting point is 00:29:46 Yeah, they were like, they're $1.00. They know what, did you see what percentage of the world has taken the vaccine? What? No, I have, that was on the documentary. No, I haven't. What percentage of the world do you think has taken the vaccine? Do you know the number?
Starting point is 00:29:56 Half. What do you think the number is? Half is a lot. What do you think the number is? Percentage of the world. What percentage of the world do you think has taken the vaccine? Third. 68%. Holy shit. What percentage of the world do you think has taken the vaccine? Third? 68%. Holy shit. What? Does that not, does that not kind of, I don't know, man, that's 68%
Starting point is 00:30:13 is pretty wild. And by the way, you know, and a couple of the things that came out in the documentary, they showed a paper that I'm going to say Kissinger. Yeah, 68.6%. There you go. That's insane to me. How much money they making, how much money are you making? Dude, that's a lot of money. Oh my God. And the other day, Fauci just came out last week saying, you know, vaccine is officially proof for people under the age of six months or whatever,
Starting point is 00:30:35 on what they're doing with the vaccine. Look, all I'm saying is the following, while you're watching a documentary, they talked about what Kissinger wrote back in the days. I don't know if you, you know, Henry Kissinger. Henry Kissinger in December 10th of 1974, wrote a paper called, Implications of Worldwide Population Growth,
Starting point is 00:30:54 where he said, preferential treatment and allocation of funds and manpower should be given to cost-effective programs to reduce population growth, including both family planning activities and supportive activities in other sectors. And a Ted Turner talked about the population growth saying, so we're too many people,
Starting point is 00:31:16 this is why we're having global warming, that was Ted Turner's word. So this is, this is like, listen, I just want to know, man. I want to know what's going on here with this part. I want to know what the motive is. I want to know what the fear is. I want to know man i want to know what's going on here with this part i want to know what the motive is i want to know what the fear is i want to know who's behind it and uh... i i simply the same way you know john fqsa's definition jif case as an issue one person died
Starting point is 00:31:35 really it's multiple people died but in that situation we're talking about the president died this isn't one person died this is a lot of people that died and took something blindly with only less than nine months of research, not even nine months of research. You don't have a lot of research on the vaccine. I'm not worried you'll work.
Starting point is 00:31:51 I don't know, man. Previously, I think it's, Rob, you can look this up. I think that the fastest zero to approval on a vaccine was mumps and it was done like in three years, little less than three years. And that was a previous record. Oh, this is mRNA and then we've got all these other ways that we do modeling. Listen, the reason you do clinical trials and the reason the FDA requires clinical trials
Starting point is 00:32:16 is because humans are different. I'm allergic to coconut. You're not. You are asthmatic. I'm not. You have all these things that have to happen. And yet they run this thing through. And then on top
Starting point is 00:32:30 of it, Adam, remember what the pharmaceutical guys went and got from the US government? Amnesty. Amnesty against future lawsuits. Now, why would you know what you're, you know, what you're, it was 76 months? No, no, the lawsuit that you're you know what you're it was 76 Mumps, no, no the lawsuit that you can't do anything to them to like
Starting point is 00:32:50 2076 Said that this can't be investigated and any their amnesty was 50 years What I just five years I think I just agree that people weren't just Blindly taking it. They were coerced and if you think about that, think about everything that was happening. They were told it was a war against the unvaccinated. Number one, right? You couldn't travel.
Starting point is 00:33:13 People were losing jobs. Jobs are like, you have to put this experimental drug in you or you're done. If you want to talk about a company like all the big pharma, forcing you to take their product, think about it. Coca-Cola doesn't say, hey, if you don't drink Coca-Cola,
Starting point is 00:33:27 you can't come to work today. You know what I mean? For a company that's like, and has the government behind them, or what a gangster move on. Here's the reason I have to be in charge of it. I think about that. Exactly. Three weeks in a head, here's the crazy thing to think about.
Starting point is 00:33:38 Exactly. By the way, straight up people close to us. Jose Guy 10 has been living in LA for 43 years. He's 40, 40 years, 45 years. He just moved his family to Houston because he was uncomfortable 10 has been living in LA for 43 years. He's 44 years, 45 years. He just moved his family to Houston because he was uncomfortable with raising his family in LA. George Poli has lived in LA for 35 years. He just moved his family to Austin this week. Okay. Maranshinas Saipala lived in Chicago. Forty-eight years. Okay, Matt, 47 years. Well, he just moved his family to Dallas. Like, people are literally moving to go to places
Starting point is 00:34:06 that they're being left alone because they're like, dude, let me just choose what I want to do. So, here's all I'm saying. You know, we're not saying, you know, there is or there isn't. All I'm saying is, if there is an area I want to see a lot of investigation in, I definitely want to see a lot of investigation. By the way, for me, I am more concerned
Starting point is 00:34:24 about the COVID investigation, Fouching Investigation than Hunter Biden, to be honest with you. By the way, for me, I am more concerned about the COVID investigation, Fauci investigation than Hunter Biden. To be honest with you, and no joke, I know the Hunter Biden all this stuff, we're not naive to know that there was something there. Nobody's a dummy. They'll get to it. Something will happen.
Starting point is 00:34:36 He'll go to a nice jail. Fantastic. Who cares? What I truly care about, I truly care about what happened with this thing, because if this doesn't set a precedence, you just best believe it's gonna happen again then it's 5, 10, 15, 20 years. Because this will be the playbook on what they'll do to our kids and our grandkids. I'm not cool with that.
Starting point is 00:34:57 I agree 100%. I can add one thing. If we're gonna talk about accountability here, let's start at the top. What the happened in this Wuhan lab? I know the fuck do we not figure out this in for me? This bad, this wet market, like, let's start at the top. Let's figure out that, and then let's hold people accountable. If that's number one, number two,
Starting point is 00:35:16 if there's anything that has become crystal clear to me in the last couple of years, it's the option of personal choice and versus mandates. Oh, you have to do this. You must do this. This is something that I think is. So an American.
Starting point is 00:35:35 It's so an American. So like, again, I'm not even going Democrat. I'm just saying in general, we all would like to just live the lives that we want. If you want to get the bags, go for it. If you don't, you don't have to, right? These mandates are the problem. And now you see the story right now about the house pass is a massive $858 billion defense
Starting point is 00:35:58 bill that would scrap military COVID vaccine mandates. We're seeing. That's interesting. So it's, listen, T. Wow, that's interesting. So it's, listen, we've heard with like the abortion. So my body, my choice, like, well, which one is it? Yeah. Is it, do you have a choice? Do you not have a choice?
Starting point is 00:36:16 Is it a mandate? Do you have to have an abortion? Could you not have an abortion? Do you have to take the vaccine? Yeah. What we stand for in America is like, you have, it's your life. You have your choice. Nobody should tell you you have to do something. I just want to know, so I want to know, I just
Starting point is 00:36:30 want to know. I want, I want to get research from both sides. And like one of the doctors who was trying to show and say, look, I send this report to CDC. He sent it to this lady in the, in this documentary, died suddenly. He goes in front of her house. He says, all I want you to do is consider reading the study. She calls the cops on and says, dude, I don't know any other way. I've sent this to CDC so many times. Why don't you guys want to just see an opposing argument to this? No, no, no, no, no, not at all.
Starting point is 00:36:57 We trust the science. So I want the look, when you think about vitamin, what does vitamin stand for? Actually, I think about what vitamin stands for okay? You got capitals of entrepreneurship You got a value Entertainment you got debate is one of them one of our biggest things like my you know my Dentist yesterday was saying Craig he says you know you know, I like I like it when you and Adam get into it He says I like it when there's some kind of debate because that's when it's like I'm sitting there saying,
Starting point is 00:37:25 you know, you go and you say this, what do you tell him how to make your point? I said, he said, he said, how can you ask a question that you can't even answer yourself? The point is, and then he says, what's funny is, me and my friends are like that, and people think we're fighting,
Starting point is 00:37:38 and we walk away and we go have a drink together. I said, that's a part of the DNA at VT. We like debate because that's how everybody gets closer to the truth The couple shout-outs to super chats. Can I can I real quick just say I know that we have these debates I don't know if there's ever been a negative comment about me in the comment chats. I've never seen long I love what I like What I appreciate all the positive amazing comments I got Got right right. Just got right to get said, my company couldn't work or gone any
Starting point is 00:38:07 production here in Hollywood. Unless my guys were vaccinated from 2020 bill to 2020 till now, they just lifted those restrictions. Jesse, him and us just said, please remember that if you don't take the vaccine, you were punished by your health insurance from your job. And we're all about the green. And then anyway, so that's if if you could keep your job though.
Starting point is 00:38:26 And I worked for one of the major media companies in the United States working for a radio show from home. I lived in my house in Florida and the radio station was in Harrisburg, Pennsylvania and the company Cumulus, which Dan Bangeino worked for and was threatened by Cumulus to not talk about the COVID vaccine and not taking it.
Starting point is 00:38:44 They actually forced me working from home to take it as well as my wife's medical company who she also worked from home. The biggest thing was you weren't allowed to talk about being forced to take it. If you talked about the COVID vaccine on the air for these radio stations, they would fire you or if you didn't get the vaccine, they would fire you as well. So they made you choose between feeding your family or getting the vaccine. I'm Rob, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, this, no, the truth is coming out. It's already too late, Tom. They already made their money, bro. And they're still making it. I know people give them all the information.
Starting point is 00:39:28 They're still on their fit. They're going to get their fifth booster and they're giving it to their kids. Like, are you freaking crazy? Again, let me wrap this up before we move on to the next thing. Everything we're saying here, everything we're saying here, that's the top of the investigation for
Starting point is 00:39:45 me. All the other stuff is, it is what it is. That's the top of the investigation for me. Pfizer recorded $7.8 billion in U.S. revenue for its COVID vaccine in 2021, just from a COVID vaccine. That's a pretty solid number. You make an $8 billion off of one vaccine. You know what's the crazy thing?
Starting point is 00:40:04 This whole San Bankman freed guy that's like, oh, he gave $39 billion. of one vaccine. Because like, you know, you know, it's a crazy thing. This whole sand bankman freed guy that's like, oh, he gave $39 billion. He gave this. I'd love to know how much this guy's given to how many people fights or some of these major companies here and who they're controlling. Do you remember the conversation that we were having when I asked you, this is like a year and a half ago,
Starting point is 00:40:16 two years ago? I asked, what percentage of FDA is funded by big pharma? Do you remember what the percentage was? Do you guys know what percentage of FDA? I wanna say that the number starts with a nine in my head. Do you know what the percentage is? No.
Starting point is 00:40:34 Well, FDA is supposed to be a government agency, but I know that you have to pay fees to get your drugs through and then the pharma has... 75% I was gonna say 90%. It's one of the biggest 75%. So I'm gonna go 75%. What does it say? 75. I remember gonna say 90% biggest 75% so I'm gonna go 75% what is it say 75? I remember 90% 70 imagine that Tom crazy do you realize what you just said?
Starting point is 00:40:53 This is a government agency the pharma industry finance is 75% of the agency's drug division Through a controversial program that congress must reauthorize what are we talking about here you're right what are we talking about here like remember the uh... the conversation we had with zubi where he said there's two countries in the world that all that out drug commercials on tv united states in new zl there's big money in big farma. There's no money in natural immunity. It's just not a thing.
Starting point is 00:41:29 There's big money in big pharma. I think ultimately what Rob is saying here, what you were talking about with your story, which I think was very powerful. I think part of the problem that we had was, you know, sort of the foundation of a United States is the, that you're innocent until proven guilty. You don't have, there's no rush to judgment.
Starting point is 00:41:47 There might be a rush to judgment, sensationalized media, okay, but- Are you talking concept to reality? I'm saying concept, the concept, but the problem was, exactly what I'm saying is that there was a rush to judgment. You have to do this. It was a very emotional response.
Starting point is 00:42:02 Nobody knew what the hell COVID was or CR night, whatever the hell. And then all of a sudden it's like, we're all going to die. All right, get the vaccine. And the operation word speed is a very emotional situation. But looking back on it, I think we can all agree that we probably did not handle it that well. We didn't have print five trillion dollars. We could have said, all right, old people, sick people, people with problems, you stay in the house, you take the vaccine, you go nowhere, young healthy people, keep working, but there was this like, you know, broad stroke to everyone who has to do this, which was not good. Yeah, we could go on and on on this, and covering up the comorbidities for the first six months.
Starting point is 00:42:39 I didn't even talk about the correlation. Oh, the guy was smoking and he was morbidly obese. Really, if he got the flu that year in 2015, he could have died. So all of that swept up and then counting, what's a COVID death? It's a COVID death and there's car accident victims that were positive that, oh, you had a car accident? You had an industrial accident, but you were positive for COVID.
Starting point is 00:43:04 And we were given hospitals money for treating COVID. So the federal government was giving hospitals the equivalent of a capitation or a stipend to treat COVID patients. And so the hospital started coding deaths as COVID. The person was had a massive heart attack, but was positive COVID. That's a COVID death.
Starting point is 00:43:24 Oh, federal government, here's your 17-hundred bucks. And so the words, the moral, there was a moral hazard that was end to end on this thing. The six million that died, that's not the number. A lot of people died, it's not six million. Last point for me, follow the money. Okay. Like the bottom line here is that billions and billions
Starting point is 00:43:43 and billions of dollars were made of this right? It's like where did that all funnel to all right? So let's go to the go to the net folks if you are able to get to the bottom of this Please let us know please I especially in China. Yeah, I Next I'd next so how sold wealth drops ready? 13 and a half trillion dollars from January to September. Second worst destruction on record. This is a market watch story, page eight.
Starting point is 00:44:09 American also lost about six point eight trillion dollars in wealth in the first three quarters of 2022. The stock market shit more than 25% of its value. The Federal Reserve reported Friday, nominal net worth fell 4.6% to $143 trillion as a market value assets fell by six6 trillion and liabilities rose by $900 billion. House of balance sheet assets minus liabilities were popped up by 10% increase in home equity, which is the greatest source of wealth for most American families, but the loss
Starting point is 00:44:37 in real wealth from January through September was about twice as large as the nominal loss 13.5 trillion dollars, incurring dollars after counting for rapid inflation experience this year, inflation makes both debts and liabilities worth less in terms of purchasing power. Notice what it says here, that most people's wealth is tied to what? Home equity, right? Home equity, that's gonna disappear in 2023 for a lot of people. Let me say that one more time.
Starting point is 00:45:08 That's going to disappear for a lot of people in 2023 that equity. I know people don't want to talk about it. Here's the thing. You know, if you're living in a house and like, what do I do? $300,000? You know, I have equity in the house. Do I sell it? Do I not sell it? Are you planning on living in this place for 10 years? Yes, don't worry about it. Don't worry, it's meaningless, it's pointless. Oh, okay, got it. Hey, what do I do? I got $300,000 in equity.
Starting point is 00:45:34 How long you planning on living in this house? Probably another year and a half max. Okay, worry about it, okay? Because you got to figure out a way to do something with that part there. So it depends on what situation you're in You know, we were looking at the rates of a house because my my guy Of fluent Goldman Sachs. Again, we're sitting to have an conversation with the recorded limiting and it was telling me
Starting point is 00:45:53 You know what we locked in your rates at and he's showing says you know what it would have been today Meaning people that are buying today Did the rate the difference in payment is not a small it's the rate, the difference in payment is not a small, it's astronomically different in payment. This is what you're saying. You know my guy was paying six grand amount. This could be, same thing could be a nine, 12,000 dollar payment for same exact value of a loan by the way.
Starting point is 00:46:16 So you cannot take on me. Oh, home's gonna keep the values. They're not. 2023 is gonna be rough for a lot of realtors and loan officers. And I don't think it's gonna slow that. So, so by 2024 will be the first year of relief for them. So what you're saying is, Basie, I bought a house for 400,000, right?
Starting point is 00:46:34 I put my, I made upgrades, I did whatever, it's worth 500,000 now. Now, because what you guys are saying is, now the value of houses is dropping. So you got to get rid of this. Oh, only because rates are skyrocketing. So what you guys are saying is now the value of houses is dropping. So you got to get rid of this. Only because rates are skyrocketing. So people, remember rule of thumb. We've talked about this many times, rule of thumb. People don't buy a house based on the loan amount or the interest rate.
Starting point is 00:46:56 People buy a house based on the payment. No one goes to the bank and says, give me a $600,000 loan. They go and say, I can't afford $5,000 a month. What size loan does that qualify for? No one goes and says, I want a million dollar loan. They ask they solve for payment. So the payment just doubled. Give or take.
Starting point is 00:47:18 So the average person's like, hey, I can't afford a $8,000 payment. $6,000 payment. Oh, okay, good luck. You went from an $800,000 home to now $600,000. What are you talking about? I can't afford a $8,000 payment. $6,000 payment. So, okay, good luck. You went from an $800,000 home to now $600,000 on. What are you talking about? I can't get nothing for $600,000. Totally get it, but that's what just happened.
Starting point is 00:47:31 But reality is gonna sink in in 2023. This is, there's something else below the surface here to step on this is that Americans, we already talked about over the past month, we've talked a couple times about how Americans credit card balances are right back up. Remember, they went down when all that money came from the government and now they've popped right back up.
Starting point is 00:47:55 Well, why are they been popping up? Because inflation, they've been using credit cards for things. And it shows here, and all the discussion about the 13.5 trillion in wealth, houses and stuff, there was $900 billion in real liabilities by the US consumer. That is on credit cards. They don't have short-term loans. They don't have signature loans.
Starting point is 00:48:17 It's a few people of home equity loans, but the majority of the rank and file of America is $900 billion. And interest rates are going up, so paying more interest on that. So the talk about the real recession next year isn't just because, oh, the narratives off the election, the midterm election, so it's safe to talk about it. It said, this is what's coming. Americans now have as much or more debt as they had before COVID, as much or more before all of the bailouts. Point one, interest rates are higher. So what they're paying the interest on that is higher. Inflation is made basic goods and services, gasoline down, I said it, yes, it's good thing,
Starting point is 00:48:52 but everything else is still up and still growing. So I can't afford my life, I'm more in debt and interest rates are up and be paying. So the spending is going to go down. Consumer spending is gonna be dropping and that's what's going to drop us into recession. When the engine of the economy, the consumer can't afford to buy things because they're more in debt, the interest rates and the debt is up. You see how that all comes together?
Starting point is 00:49:15 It's a simple little puzzle, and that's where it's going. The other interesting thing is, right now, before COVID, the average inventory of vehicles on lots was around three million cars in any given week would be available on lots. Total. Yeah. Any given week to be about three million finished cars available for sale. Right now there's about a million cars available for sale which is up significantly because
Starting point is 00:49:40 remember in the middle of COVID we all learned that when chips are expensive or you can't get chips. You could build the whole car but then you needed like the five chips that go into the dashboard system, and they had to wait for those. Well now, some of that supply has come back. There's a million cars available out there, but we're still almost at an all-time high, and the car loans are now up at 8%. So guess what? The a million cars we're sitting there,ers have a lot of debt. They can't afford to do it So all of these things are gonna represent what the real recession is coming and I believe the numbers that we're seeing on job losses It's just about two million jobs are gonna be lost by mid-year
Starting point is 00:50:16 Two million jobs are gonna be lost by mid-year. So that's the real you saying real recession because right now This is like the kind of like man with recession But we're going for like you you're talking about like, like, Armageddon. I'm saying we're not Armageddon. But you bet. No, no, no, no, no. Would you bet on the consumer the next six months pumping up the
Starting point is 00:50:34 spending to help the economy? I don't think so. I don't think so. Yeah, they can't. By the way, here's a story that Tom Stahman braced for a recession in 2023 as job losses top 2 million city says this is a Fox business story. The US will likely tumble into a mile recession next year and sees unemployment top 5% according to a new report from city global wealth investments to group said and
Starting point is 00:50:55 it's the latest outlook report published this week that the economy could lose an estimated two million jobs in 2023 as a jobless rate climbs to 5.25%. We believe that the Fed rate hikes and shrinking bond portfolio have been stringent enough to cause an economic contraction within 2023. And if the Fed does not pause rate hikes until it sees contraction, a deeper recession may ensue the Fed Reserve has been raising interest rates at the most aggressive pace since 1980s in a bit to fight inflation. So this is coming. Unemployment is coming next. Even Jerome Powell, yesterday when he was given his speech, I don't know if you guys watch his speech or not, he was even talking about how they're expecting to see unemployment crack 4.6% next year. At the Goldman Sachs event,
Starting point is 00:51:45 when I asked David Solomon, their number they're looking at is 4.3, 4.4. I think it's gonna be about 5%. I think it's gonna be about 5% in 2023. Meaning if you like your job and you're doing good at your job, and you wanna keep your job, step up. Yes, step it up everybody. Can I tell you something?
Starting point is 00:52:03 I know. You won't hear me saying this. You remember when last year, like, hey, I don't care. Go take the bigger race elsewhere, all this other stuff. Here's what I will say. If you, during COVID, during all this mess, you were loyal to your employer, you can go ask for a race. If you were loyal, you didn't play gamesmanship,
Starting point is 00:52:24 you didn't bully the employer, you kept your head down, you did your part, you've earned the right to go ask. Because that is something that companies value a lot. And by the way, companies, if, now, obviously, you can't go out there and say, give me a frickin' whatever percent raise, I'm not talking about that. Don't go, so I think I deserve this raise, but you've earned the right to ask for a raise.
Starting point is 00:52:42 And if companies who bitched about the fact that people were bullying you by shopping the salary if you don't take care of your employees Who were loyal to you? You're just as guilty as those who were bullying others Because this season is the season to reward loyalty because there were a lot of people that were loyal This is the time to reward loyalty. I'm talking, I'm talking if people were with you from the beginning of 2020 to today, no bitching, and they saw people going and going back and forth all this stuff, those people deserve a raise. Every single one of them, that went above and beyond.
Starting point is 00:53:19 I'm talking about guys that are doing their part. Everybody deserves a 3% raise or whatever that is that people are getting, but I'm talking guys that truly went above and beyond while everybody else was shopping left and right. Those guys deserve some kind of a raise, okay? So that's also the difference behind it, right? Employers can't just sit there and say, well, you know, the grass is not green on, you're right, it's not, because the grass is only greener on where you water the grass, the grass
Starting point is 00:53:43 isn't green on, on water. It doesn't matter if it's a relationship, gym, finance, business, career, all that stuff, but loyalty, and by the way, did you see what Goldman Sachs announced? David Solomon announced this week. The biggest bonus reduction in the history of Goldman Sachs, they're paying the least amount of bonus. Can you zoom in?
Starting point is 00:54:04 If you tap in David Solomon and bonuses, David Solomon, chief executive Goldman Sachs. They're paying the least amount of bonus. Can you zoom in? If you tap in David Solomon and bonuses, David Solomon, chief executive Goldman Sachs in New York on Tuesday, December 6th. One, you have to Goldman Sachs pay out the largest bonus on Wall Street. The investment banking giant is considering slashing banker bonuses by around 40% the largest cut to payouts since 2008.
Starting point is 00:54:20 Good for him, he's doing the right thing. Well, he doesn't have the profits to do it. What he's saying is, hey, you were gonna get, let's say you were gonna get a 30% bonus on your salary. So in him saying he's slicing it by 40%, that means you're only gonna get an 18% bonus because it's tied to the profit of the company. So 30% or 40% of 30 would be 12, 12 goes away. So I still
Starting point is 00:54:45 get a bonus. I'm getting 18% bonus, not 40 because the profitability of the company wasn't there. He's making a straight up move. You mean 18% not 30? That's what you mean. Yeah, I get 18 not 30 because 40% goes away. Yeah, I had to what you were saying. I think it's so important what you're saying about loyalty and stick to it, and it's like you might be like the last couple of years have been very difficult, whether you're an employer or an employer, okay? And you use the relationship analogy. I did segment on my show,
Starting point is 00:55:11 this was cast yesterday, about how a lot of men and women, but in this particular case, women are developing shiny object syndrome because of social media. And basically, you know, like the famous phrase, comparison is the thief of joy. What happens is this woman gave the analogy. She's like, I have this guy.
Starting point is 00:55:30 He checks all my boxes. He's amazing, but then I go onto social media and I see so many other options out there. And oh, maybe this guy, or maybe that guy, to use that analogy with your job. It's like, okay, maybe you like your job. Maybe you, you know, whether it's a job or relationship, there's not all good days and there's not all bad days.
Starting point is 00:55:48 We all know that. But to use the relationship analogy, she was like, I don't know, maybe there's a different guy out there, but she just said this guy checked off. He's like your ideal guy, but you're still sort of sifting through social media to see what else is out there.
Starting point is 00:56:03 Guys are guilty of this too, but it's to your credit. If you stayed loyal in your job, in your relationship, and you went through it, now here's the reward mechanism. Don't be wrong, there's a lot of abuse of environments. There's a lot of environments that's just purely abuse. And this, a military, I had the time of my life and my unit. I see positive in almost everything wherever I work, like I love Hagen Dahl's, I love Bob's big boy,
Starting point is 00:56:31 burger, I love my jobs, because I love people, I love people getting to know people's stories. And yesterday I learned, we had a F-15 pilot here yesterday right from the Air Force, who runs a consulting for my herd, I'm speaking 17 years ago, so we're having a conversation together. He was here yesterday and he's talking of Vinnie and they're talking and then Vinnie's telling him who he is and then the fight about did you know he was the airman of the year for the entire Air Force I said wait what he says Vinnie's
Starting point is 00:56:59 like yeah I was the airman of the year I said how big of a deal Vinnie was Vinnie was the airman of the year for the entire Air Force what of a deal? Vinnie was. Vinnie was the airman of the year 40 entire Air Force. What? And then this guy would like. I don't touch that time. When you do that, it's making static, like move it like this. Okay, you're touching it like with the, yeah, the move it like that. You're moving it with the wire.
Starting point is 00:57:16 So Vinnie was the airman of the year is what he was. Think about that. Out of how many total soldiers in the Air Force? Shit. I have no idea, but this is just for En list of my dude and this is a F-9 I'm not airmen at this I'm not you this guy. What's the guy name like I was awesome. Yeah, he's a He's a b- we have it in we have a meeting with him tonight 92
Starting point is 00:57:36 Bro that's Vinnie look at me Airman of the year go let he was a big job. He was the air man of the year. Change the picture. Here's a point, but you know what the point that you know what the bottom get it off. I'm gonna put the point. I'm trying to make years. Here's a point. Some environment some environments are bad fair enough, but you can have any job and you can have a positive attitude. You're gonna do good in no matter whatever environment you're in, right? But those that are going above and beyond and you're working for a company that's got a real vision that's working to develop in themselves, you can have a career there.
Starting point is 00:58:10 Listen man, be patient, eventually good things are gonna happen to you. It's just what's happened here. Very simple, the one the best things I love doing, one the best things I love doing. I love paying bonuses, yesterday one of our guys, Louis Press, he just won a contest that we were running, he came to the home office yesterday. He comes to the home office
Starting point is 00:58:27 We gave him a kilo of gold shout out to go go by the way gold go we literally gave him a kilo of gold Yes, you know what a kilo of gold is right now. He got a kilo of gold yesterday It's like 50 grand. I don't know how much a kilo of gold is right. I want to say 58k right now. What is a kilo of gold? What is it 50,000 485?. He got a kilo of gold for bonus yesterday. There's no feeling like bonusing people that go above and beyond. It's a beautiful feeling. When you do that to the guys,
Starting point is 00:58:55 I remember when Alexis got equity for the first time, or Mario, or Moral, or Teacron. I remember when they experienced the exit and they got a check. The tears in thoseron. I remember when they experienced the exit and they got a check. The tears in those eyes, I remember where in Monaco we're sitting there. Tom, you remember this, where in my suite, Tom has gone no joke.
Starting point is 00:59:13 Tom was the MVP of the entire event that took place. I put him as number one of the entire Marcelino's number two. Both of them worked very hard, but Tom was the MVP. When we announced to Moral in my suite in Monaco, what event just took place? Moral cried for 30 minutes. Would place, Marol cried for 30 minutes. Would you agree? She cried for 30 minutes.
Starting point is 00:59:28 You know how awesome that feeling is? That's a freaking awesome feeling because she's busted her ass for us, for the company, for 12 years. And I have a lot of respect for that. I have a lot of respect for that. There is no feeling like rewarding people that go above and beyond.
Starting point is 00:59:42 And then 10 years later, you can collectively sit there and celebrate and it's a freaking, and we built this together. That's an incredible high. So employers have to reward loyalty. When I tell my son, the reason why Tiko's no longer afraid of telling me the truth is because he knows if you tell the truth, you don't get in trouble.
Starting point is 01:00:00 So I said, Tiko, who did this? Oh, I did this. Perfect. He corners me. I can't do anything to him. Because my reward is be straight up and don't be afraid. You can't discipline the guy. He just did what you told him to do. You best reward him. So employers have to reward what you told your people to do. If they do it, reward them and employees can bring that up and say, remember when he said you value this,
Starting point is 01:00:24 here's what I've done for you That that that that I'm asking for this. Okay. I can't do that But I can do this. Maybe we can do this here. We can talk about that later next you know problem But you got to figure out where we reward the people that are out there So power to the loyal people and power to employers who value people that are doing those things now To you that you're listening to this you may feel very confident. It's a bad man I feel very confident right now Let's see if you got what it takes to work for a guy named Elon Musk, okay? Because this is what Elon has six
Starting point is 01:00:52 rules to work for him. Time. How about we read this six rules to people who maybe are sitting there saying, I got a lot of confidence man, what would it take for me to work with Elon? Here's Elon six rules. All right, here we go. Number one, okay. Elon's Musk six rules. Would you survive working for Elon Musk's fours? No large meetings. The first of the rules that Musk recommends is to avoid large meetings. He says excessive meetings are the blight of big companies.
Starting point is 01:01:18 There are almost always get worse over time. Please get off all large meetings. Unless you're certain they're providing value to the whole audience. Number two, no long or frequent meetings related to the ban all large meetings unless you're certain they're providing value to the whole audience. Number two, no long or frequent meetings related to the ban on large meetings, Musk says, get rid of frequent meetings unless you're dealing with an extremely urgent matter meeting, frequency should drop rapidly once the urgent matter is resolved. Don't be afraid to leave. Musk recommends that people walk out of a meeting or drop off a call as soon as it's obvious
Starting point is 01:01:45 that you are no longer adding value. It is not rude to leave. It's rude to make someone stay and waste their time. Number four, no acronym or jargons. His rule about communication is don't use acronyms or nonsense. Words for objects, offers, or processes. In general, anything that requires an explanation and inhibits communication, we don't want people to have to memorize a glossary just to function.
Starting point is 01:02:05 Five, ignore the chain of command. Musk advocates that people, ignore the chain of command and that communication should be travel via the shortest path necessary to get the job done. Six, use common sense, finally, Musk says,
Starting point is 01:02:17 in general, always pick common sense as your guide. If following a company rule is obviously ridiculous in a particular situation, such that it would make for a great Dilbert cartoon then rules then the rules should change by the way these six rules only apply if the founder is involved. It's six rules. Don't apply if the CEO is involved because an active CEO doesn't mind it if you move chain of command and just go directly and deal with the issue But an inactive CEO that's working and kind of like doing his own thing They don't want you to be going to them for everything. So this is a very interesting a perspective that he's got
Starting point is 01:02:57 How many thoughts on Elon Musk? Oh, I love this because it points toward efficiency and I'm kind of curious is what's flowing in the chats right now and people's reaction to this. I look at it and there's three things in here that jump out to me. Actually, there's two and there's the third. The one is about meetings. Meetings have to have a purpose. I mean, I love what Amazon does. Jeff Bezos tells people in meetings, they have to be really short.
Starting point is 01:03:18 He has a staff meeting once a week that apparently covered all the divisions of Amazon in less than 90 minutes. That's a freaking Amazon. People come in there, they're really, really prepared, prepared, and he used to say, hey, that answer starts with the number and ends with a date. Don't tell me you sent emails, don't tell me you made calls,
Starting point is 01:03:34 don't tell me all this stuff. Just tell me what's up. And start with the number and end with a date. You've always done that by the way. Well, by the way, when I read that in the book, I said, that's brilliant. And so I think this is a lot of efficiency. And if you work for somebody that is ruthlessly putting efficiency on the table so that you can be working on solution and
Starting point is 01:03:54 adding value, it's tremendous. What's the audience saying? No, they're, they're agreeing with you. By the way, if you're somebody that reports the time, you're going to become a better, I've seen Tom this over the years, over and over and over. I don't, I don't know if I agree with gonna become a better agent. I've seen Tom this over the years, over and over and over. I don't know if I agree with all these things from me. I know you don't. Go for it. I don't know.
Starting point is 01:04:10 I mean, go ahead, give us your perspective on what you disagree with. All right, no large meetings. All right, we have a monthly entire value team and staff meeting. All right, I think that's, there's value in that. The entire staff comes together. Yep.
Starting point is 01:04:22 I mean, I get it if you're a Tesla, you have how many thousand employees, I completely appreciate that. But I think from time to time, having a large meeting is a good thing to have the whole company together, whether that's a 10 person company, a 50 person company,
Starting point is 01:04:35 freaking PHP does a 10,000 people meeting, annual event. So I think that's kind of in that out. So I kind of disagree with Musk on that. I will also say this. There's a couple of things here that you could lose your job for doing. Number three, don't be afraid to leave the meeting.
Starting point is 01:04:51 Okay, sure Pat. Okay, sure Elon. Hey guys, we're all having a meeting and some guy goes, hey Pat, listen, I guess, thanks for the meeting. I'm gonna go, peace out. Where do you think you're going, buddy? I don't know if I agree with that, okay?
Starting point is 01:05:03 So that's like easier said than done if you're the CEO, but like, ah, I don't wanna go to the meeting. Like versus the guy that just started two weeks ago, excuse me, Mr. Mosk, I'm gonna go, I have this meeting, that's what I'm gonna be all for. I agree with you. Okay. And last thing here, ignore the chain of command.
Starting point is 01:05:19 Okay, buddy. Sure, just, yeah, I know my boss told me to do this. I'm so sorry, poor thing. There's a part of that fight but there's a part of that Five there's a part of that I agree with really let me explain to you Mario listen up. No, no But there's a part and he would agree with it. There's a part of it. I agree with Here's And it's twofold so I'll give you perspective see how you process this number one
Starting point is 01:05:42 Sometimes managers move slow to get information up. It drives me insane. And I'll say, and I'll flat out tell my see, how can I don't know about how come it's been three weeks since I've known about this? Can you tell me why I don't know about? I'm the CEO of the company I haven't told me this for three weeks. Why don't I know about this? And then I'll go to the person that found out about it first. And when they told the C suite, So then I'll say the accountability isn't on the guy that reported to the C-suite. Then I'll say C-suite,
Starting point is 01:06:08 how come you've been sitting on this for three weeks? What is this all about? Why have you been sitting on this for three weeks? We could have resolved this three weeks ago and this issue could have been a lot smaller if we resolved the three. So sometimes this makes sense, depending on who the manager is.
Starting point is 01:06:23 Some managers work very quickly, some leaders work very quickly, other sit-on issues. I actually agree with the part of sometimes they sit on these types of issues. And then the other part is, in certain environments, not all, certain leaders and managers are very insecure, very insecure. And this is what I mean by insecurity.
Starting point is 01:06:44 So let's just say, you know, he, Vinny reports to you, okay? And you're a guy that's a 459 guy. You get off every day at 459, and you can't wait to go home. And Fridays, you leave at one o'clock because you got golf, T-Time, two o'clock, right? And you put your nice, very high shorts shorts on and you know, so many.
Starting point is 01:07:02 This is so not me. Okay. And far see they call those shorts Luletto, thank you. You wear those shorts and you know, you know, so many. This is so not me. Okay. In Farsi, they call those shorts Luletto Fanky. You wear those shorts and you go out. And my name is Kam Daisy Duke. Daisy, that's what it was in Farsi. That's what it was in Farsi. So you go, Vinny Friday, state so seven o'clock,
Starting point is 01:07:17 gets his project done, gets everything done, sends the email with his reports for the week, you're golfing, right? Some managers want to shield me from knowing how hard Vinnie's working to take all the credit for themselves. In those types of cases, I also want to know who Vinnie is because Vinnie may have a better career at a company than you may. He may move up higher than you, but sometimes managers that are not given their best, they
Starting point is 01:07:38 shield their best people. So there's a part of that that I agree with on what he's saying. The part of I walk in up, I agree with on what he's saying the part of our walking up I agree with you Well, two thing number one. That's why Vinnie was the airman of the year I mean clearly because you know he's seating expectations But one thing I'll definitely say that I've learned from you is when it comes to communication Bob you talk you talk about Overcommunicating what just happened. Yeah, I'm listening to keep keep going. Yes, all right, what do we got in here?
Starting point is 01:08:06 What do we got in here? You're going to have to get the help. But in any relationship, the key is communication. You've heard that a million times, but you talk about over communicate. There's always those times where it's like, something happened, whatever it is, it's like, should I tell, patch, I tell the boss,
Starting point is 01:08:21 so I don't, it's kind of annoying. I'm gonna kind of be in trouble, but you kind of, you're like, fuck it, I don't wanna deal with it, and you don't send a text, you don't know, it's kind of annoying. I'm gonna kind of be in trouble, but like, you kinda, you're like, ah, fuck it, I don't wanna deal with it and you don't send a text, you don't send a message. Like, ah, let's just sweep this under the rug and just kinda do the whole ostrich, like, you know, while the coyote thing and just forget it's not gonna happen.
Starting point is 01:08:36 But then the boss finds out, you're like, shit. So what you kinda encourage is over communicate, get ahead of the issue. Hey, listen, by the way, we had this issue, you know, we got overcharged, it was an issue, there was an the issue. Hey, listen, by the way, we had this issue. Yeah. We got overcharged, there was an issue, there was an editing situation. FYI.
Starting point is 01:08:48 FYI. And that way you can get ahead of it. There is value, by the way, so somebody's listening to this now saying, that's exactly my problem. I got a boss who doesn't realize how special I am. And that's it. That's my problem. Why don't get the promotions relaxed, bro?
Starting point is 01:09:03 Because the market eventually finds out if you're bad at it. I promise you, the market's going to find that. There is art and diplomacy. There is a lot of value in diplomacy. And you know, the other day we had an event meeting and I get calls. And I get calls and people say, let me tell you, man,
Starting point is 01:09:23 Teakrin showed diplomacy in a way I've never seen before. I love that guy. He was so diplomatic, respectful to everybody. He protected the company, he protected the field, he protected the clients, he protected the employees, and he called out everybody at the same time in a very diplomatic way, right? There is a value in learning how to be diplomatic.
Starting point is 01:09:47 I guarantee you, if Tikran has anything to worry about, he keeps in, he never, ever has to worry about having a job or being a value anywhere if he learns the art of being diplomatic. I think that's the one area that some employees I wanna be managers don't put a lot of emphasis in. I think you also learn how to be diplomatic. Not just jumping a gun and wanting to bitch at everybody
Starting point is 01:10:11 and saying, my boss is not this, throwing them under the bus. That's also not an attractive quality because anytime somebody comes up to me bitching about their boss, I'm turned off by it. It just, there's nothing attractive about it. There's a way of doing that. So I wanna ask a favor, and Adam's to be there when we have our next staff meeting, which is the end of the month, can mean you,
Starting point is 01:10:29 and don't we're just letting you know because you're the boss. Me and Adam are going to apply all these six things. See what Mario does. I don't know. Pat. I'm just, I'm sorry. I gotta go. Pat, just be happy doing it.
Starting point is 01:10:41 If you, Pat, promise me this, because I hope Mario's not listening. I'm going to stand up and be like,'m not cool with this large meeting shit me and Adam are gonna go have a lunch. Oh my God Let's go do it. You know what? And for leader will go. Oh, who do we tell we told tell me so by Fuck the chain of command and we leave Adam, can we please? You don't get me pass Pat for if he's not listening, we're doing it. He's probably not listening. He's working on me.
Starting point is 01:11:08 He's not listening. Adam, you don't? I'm gonna do. Pat, you're gonna get a message. And I'm gonna punch you. Because number six, we're using common sense. Common sense. Common sense.
Starting point is 01:11:16 Common sense. Don't think. You're out of it. I'm gonna go, what is up with this large meeting? Shit, we're out. Oh, Mario, you think you're better than Elon Musk? Bye. Read the number six, dude. This is hilarious. meeting just we're out. Oh Mario you think you better than Elon Musk. I read the number six. Dude, this is hilarious.
Starting point is 01:11:29 We're doing it. I mean, only Margie didn't hear it. Only you should be here. Okay, let's find out. Why Natalia or some of the guys are listening to Mario. Why should I know? Guys, don't let Mario listen to me. Yeah, Pat, when it comes to diplomacy,
Starting point is 01:11:41 because I agree. And for those in the audience that don't know our friend Tigrin, we love Tigrin, he runs your marketing director for all of PHP. Amazing guy. What is the correlation between being diplomatic and diplomacy with stoicism and being stoked? Because a lot of it is like not being emotional, kind of like just being rational,
Starting point is 01:12:01 answering the question, not pissing people off. What's that correlation? Hey listen? The hardest thing is to explain to both sides what the other person is doing for you So if the kids bitch about their mom my job is to tell the kids Hey, you you realize what you just did with your mom you realize what are you doing bro? Do you realize what your mom does for you? What the hell was that all about are you freaking kidding me? I don't I don't I don't like that at all. That's not you, that's not part of your character. What was that all about?
Starting point is 01:12:27 Go talk to your mom right now, tell her how grateful you are for her. But then also going to mom and saying, hey listen, what he did, I get it. But I'm telling you, the other one started it. So be a little bit quick to jump to conclusion with this guy because he wasn't the one that, like I said, it was a big mishap at the house.
Starting point is 01:12:42 Over one of our kids took one of the iPad and she hit it and you all are new home talk much yeah hit it in a room and then she recruited feeling to go to play this one game and then they both get caught and an Melva blames Tico. Tico uses my dad's phone to text it to me. It was like freaking May. I get home and I'm doing a root canal. The last thing I want to do is whole freaking deal with this. But it was unspearable. But it's just understanding both situations.
Starting point is 01:13:20 Like you don't know what that guy's going through and you don't know what this guy's going through. Try to give as much understanding as It's very hard to do because we all only think about our motives what agenda we have what we want to get down We don't think about what the other person's dealing with and and by the way, I'm telling you this I'm telling you all of us are guilty for this because it's very very hard to do starting with understanding helps you lead better with your messaging like the other day Our friend Pat here,
Starting point is 01:13:46 there was a situation in the sales upstairs, sales offices up there, and Leo and Joel are two sales leaders, sales managers, and Pat goes, Adam, let me ask you a question. You remember this? When you look at Leo, and then you look at Joel, if you're just looking at them, who do you think would be a better sales manager and I go I am not set stepping into this
Starting point is 01:14:13 I know what you're doing right now. I'm being diplomatic and I said I think they both Be fine salesman and I am not picking aside Safe voter man. Yeah, safe voter. You were safe voter when he came down to belio's beard might give him the edge i don't know very aggressive but jol is a stud is a god time i'm gonna go to the ftx story so ftx spent two hundred fifty six million dollars on bhamma real estate now the islands government wants it back this is a cmbc story on page nine
Starting point is 01:14:43 so uh... uh... okay so bhamma's lawyer said ftx executive send mangan free This is a CNBC story on page nine. So, okay, so Bahamas, lawyers, at FTX, executive, Sam Magnum, Fried, and Ryan, Salami, what a last name, spend $256 million to buy, and maintain 35 different properties across new Providence Bahamas. Now Bahamas regulators are trying to claw back the property from FTX, U.S. bankruptcy protection proceedings telling a Delaware federal judge that allowing the properties to be administered in US courts
Starting point is 01:15:09 would be both administrative and ineffective and illegal under Bahamas laws. Tens of millions of millions were spent just at the small island development that Bank meant free called home with FTX Holden Company buying at least 15 properties and one vacant lot for combined total of of hundred forty three million dollars to the largest apartments at this private albany development came in and i watering thirty million dollars another was purchased for just
Starting point is 01:15:34 over twenty one point three million dollar time what you have to save up well i don't know if anybody knows about albany albany is very popular here here you're seeing nba players and athletes and billionaires that are looking around over at albany and that that that are looking around over at Albany. I think you guys took a vacation and you were invited to go check it out as well. I think. Can you see it? So this one property we liked a lot.
Starting point is 01:15:54 So it's a pretty cool, it's a sick, but it's a sick community. Okay. So when you're trying to sell these high-end properties, what you don't want is four 15 properties to be caught up in US bankruptcy court with signs out front that says auction pending What you want is the government once Our bankruptcy court to release them back so that two things can happen number one It doesn't affect the value of the other Albany properties. And number two, they can sell them to the next guy. So this is actually kind of funny with the Bahamas like, yeah, listen, this is, wait, wait,
Starting point is 01:16:31 wait, wait, wait, this would be a legal under our law. Hang on. And I notice the order they say it would be administratively ineffective. And oh, by the way, it's a legal under our law. So please get out of here and give us a property back. Let us sell it to the next guy. Please don't auction it off at some low number because they're just going to auction it off in the bankruptcy court.
Starting point is 01:16:49 They don't dress the thing up. This isn't like a professional sale. They'll be an auction over there. It'll sell at 60 cents on the dollar, and then those, that money gets used to try to go back to the fraud victims. But it's actually kind of funny, because this is a really fantastic, Albany is a fantastic community here. It is a fantastic community. But they don't want us all this madness.
Starting point is 01:17:08 They went it over. It's like the property we're trying to buy, the 11 acre land that we made an offer on that the individual is having issues with the court. You know what I'm talking about Tom, that is going away for 10 years to jail and we can't buy this property because it's held up by the,
Starting point is 01:17:27 you know, it's a very complex issue. So we, and the real terms locally would like to be able to sell that property because they're gonna get a nice commission because it's a big land. But this is very unfortunate, but also at the same time, I don't blame the folks in Bahamas for wanting to do.
Starting point is 01:17:42 And the neighboring commercial properties over there that you're trying to buy, they don't want this thing sitting here. for wanting to do and the neighboring commercial properties over there that you're trying to buy They don't want this thing sitting here. No, they do not know destruction equipment and the chain link fence They're like somebody please buy this exactly it hurts yours. Yeah, it hurts your property Yeah, it just this makes me think of what what we did at the vault You know, we had Robert Qusaki there. We had a bunch of speakers there But what was the one gentleman from Enron that that we interviewed? What was the name Andy fastow Andy fastow shout out to Andy fastow is the CFO of Enron
Starting point is 01:18:09 And I think it's so powerful what you do when you bring in these speakers You're bringing these guys that tell you and give you motivation and encouragement and excitement and all that's great but also Let's bring in some people to tell you what not to do Right whether it's the CFO of Enron, Andy Fastal, who was the CFO of the year, then he was showing off his inmate number the next year, which is pretty intense. So you look at this sandbankment-free situation and it's like, let's all realize that whatever thing you're doing that is shady, illegal, just downright
Starting point is 01:18:42 fraud, you're gonna get caught. It might be a year, it might be five years, it might be 10 years, it might be 50 years. But I mean, look at Harvey Weinstein or Bill Cosby, or like, do you hear what he said? I bet you're gonna get caught. Did you hear what he said that, you know, why he shouldn't go to prison?
Starting point is 01:18:58 Who's that? Bankman Fried. Did you hear what he said? Have to do with personal responsibility. No, he said because I'm a vegetarian and have ADD. That's hilarious. Have you been watching the hearings, by the way? I've been watching with Kevin O'Leary said.
Starting point is 01:19:12 Did you hear what he said? Yes, Kevin O'Leary. Can you play the clip? I'm playing it from the beginning. He calls out Binance. He opened it up. Press pause. You have no idea.
Starting point is 01:19:20 And it starts from the beginning. Yeah, just I'm curious about what your take is on this time. And everybody else that's watching as well. I saw that yesterday, this is good. God, I do believe FDX failed. I have an opinion, I don't have the records, here it is. These two behemoths that own the unregulated market together and grow these incredible businesses in terms of growth
Starting point is 01:19:43 were at war with each other. It's a other breathing card and one put the other out of business Intentionally now maybe there's nothing wrong with that maybe there's nothing wrong with love and war but Binance is a massive Unregulated global monopoly now They put FTX out of business What are your thoughts on that? I want to hear your thoughts. Go ahead, Tom.
Starting point is 01:20:09 First of all, okay, let's say Binance did that. Set it aside. We just heard testimony from the acting CEO who's working, trying to work through this on behalf of the US magistrate in the bankruptcy, that these guys were moving customer assets from FTX to Alameda. We have the transaction numbers, we've seen the stuff moving. This wasn't stuff that was moving in crypto wallets and on the blockchain that can't be tracked.
Starting point is 01:20:36 It was moving. So I'd like to know what part of Binance was putting him out of business that led to committing fraud where you take money that belonged to a lot of very wealthy people and it was going from pocket A to pocket B to cover losses. Number one, and number two, I would like to know what Mr. Lurie's interest is in putting a dent in finance. What is that all about?
Starting point is 01:20:59 Well first of all, do you know how much you got paid by FTX? Do you know what the amount is? No, I don't. 15 million. That was just like, oh, like an influencer fee? 15 million dollars. Okay, so okay, so kept it there. But he also right there, right there.
Starting point is 01:21:12 FTX spokesman Kevin O'Leary says he lost $50 million, payday from crypto firm. As he had equity in. Oh, okay, so in other words, he was in front of Congress as an impartial financial expert. That's pretty article. He was a lobbyist. obvious yeah so investor shark tank judge and see if he contributed to Kevin O'Leary said there's a he's lost 50 million dollars ftx pay them to act as a spokesperson uh... for the now collapse crypto exchange at some
Starting point is 01:21:36 have called fraudulent o'Leary another celebrity such as tom Brady lary david were sued by ftx investors with the exchange is ambassador should have done more due diligence and exercise the great level of care before promoting the crypto empire. So 50 million bucks, total deal was just under $15 million. I put about 9.7 million into crypto. I think that's what I lost.
Starting point is 01:21:57 I don't know, it's all at zero. So what are your thoughts, Adam? Look, this is all a cleansing. Okay, my question is, I think, you just went to ayahuasca, like with cleansing. So I dealt with this in my industry, in the life insurance life settlement industry in 2008.
Starting point is 01:22:17 Everyone was getting into my industry. In 2005, 2006, 2007, people were making so much money, okay? I got in the industry. I never made any money in my life all of a sudden I made a hundred grand as amazing Collapse what had happened at that point was all the fraudulent bad actors got exposed Elliott Spitzer was the attorney general of the New York He was calling out people there were lawsuits people that were doing fraudulent things You said you went to a meeting in Waco, Texas one time, group called life partners that were doing illegal shady stuff.
Starting point is 01:22:48 And we're publicly traded. They were publicly traded. It's all these mammoth and elephants in his headcourt. Yeah, I mean, it's like equivalent of like ridiculous, hell of a property. But just, you know, so these bad actors are gonna get exposed kind of what I was just talking about. It might take two years, it might take five or it might take 10 years. If you're doing shit the wrong way and you're doing illegal stuff, you are gonna get exposed. Kind of what I was just talking about. It might take two years, it might take five or it might take 10 years.
Starting point is 01:23:06 If you're doing shit the wrong way and you're doing illegal, I'm asking about Kevin O'Leary. What do you thought about this? Yeah, but that's my point, is that ultimately, when you're talking, two things can be true at once. FTX can be doing fraudulent, ridiculous, illegal stuff. And at the same time, Binance can be doing things to put people out of the business.
Starting point is 01:23:24 You talk about how like you trust your competitors, because you know they wake up every single day and their intention is to steal your market share and put you out of business. We understand that. So I think at the end of the day here, the big question is where does the industry go from here and where does regulation happen from here?
Starting point is 01:23:40 So to draw my analogy is the best thing that happened for my industry, our industry is that it became regulated. It went from the Wild West to a regulated industry, and now you've taken my firm for an example. We're at the top of the food chain in our industry because we played by the rules. We never even had lines. It's been regulated and everything's done the right way. So that's what I think needs to happen to crypto, some regulation. So is this a good look or bad look for Kevin, the position he's taken? I think he's protecting himself.
Starting point is 01:24:09 I think he looks like a lobbyist. Okay. So, okay, I don't think that's a good look. I don't think that's a good look for Kevin. Kevin has had a, his brand, what he's done, where he's been tied to, however many years, with Shark Tank. I think he carries the weight on that show. And I think everybody was, you're not a guy on Shark Tank. But you know how they say TNT, NBA on TNT, who's the main guy that really changed that the charts, Berkeley, right? And I think for that, he's the charts, Berkeley of Shark Tank, okay.
Starting point is 01:24:40 VICE VERSA. Yeah, Berkeley's on this list. Really? Okay, cool. We're going to go through that here in a minute. But I think that was a bad look. But let's set that aside, okay. How much money is, how much money would you say, would it take for you to say yes to a product
Starting point is 01:24:57 you have zero belief in? Like, at what point do we say no to a sponsorship? So, for example, let's just say hypothetically, okay, and our sponsor guy's sitting right here. So, let's just say, how many times have I said no to you and you've told me, but Pat, they're willing to spend expiresy money. How many times?
Starting point is 01:25:14 Many, many, many. And by the way, as a person who makes money on the sponsor side, do you like that? That probably upsets you because you just got a big commission check if I say yes to it, right? So, it doesn't help our sponsor side. So these guys, this company that runs this keto company, right?
Starting point is 01:25:31 One of the biggest keto company in America, if not the biggest, and they send a bunch of stuff and they die hard fans of the podcast. And I love that. I got a lot of respect. I appreciate the support. And here's how much money they're gonna give you. Okay, you want me to get and talk about keto? I'm lying. I appreciate the support and Here's how much money they're gonna give you okay
Starting point is 01:25:45 You want me to get and talk about keto? I'm lying You know what I'm saying? I would be lying if I said keto died change my life I would be lying if I did that so there is a very interesting Position like you know how some of the people are like well, you know This is how much money would take how much money would it take for you to say yes to a product you have zero belief into a promote constantly? How much money? Like, let's say a pry.
Starting point is 01:26:09 I can be bought. Is what you're asking. Yes, I can be bought. I love keto. The keto king. How much it he paid me? No, no, no, no, no. All I do is keep.
Starting point is 01:26:18 But by the way, I'm actually asking a very real question. So tell me, everyone's got a price. No, I don't agree with that. I don't agree with that. I don't agree with that. What would you, what would you, what is a product you'll never use? A car. Okay.
Starting point is 01:26:34 No, it's okay. What's a product you would never use? Give me a product you would never, ever, ever use. Never use. For example, gambling companies. You know how much money gambling websites have given us? If I told you the number you wouldn't believe it. It's the kind of a number that's life-changing for 99.9% of people. Ask me how many I've said yes to. It just doesn't make any sense for me to say yes to gambling companies.
Starting point is 01:26:58 It's completely off of my brand to say yes, go to this gambling website. Now, by the way, bar stool does gambling. Of course they should say yes. That's the brand. What do you mean you shouldn't say yes to that, right? So I think this is very tricky. Like, when we did Gold call, I read the thing with Gold call, right? Okay, I'm like, there's a risk.
Starting point is 01:27:20 Any sponsor you take, there's a risk. You don't know what's gonna happen with the founder. You don't know what's gonna happen with the founder. You don't know what's gonna happen with, you know, a story comes out with, for example, like five years before what happened with the guy from Subway, what's the guy's name from Subway? Jared Vogel. Five years prior to that,
Starting point is 01:27:34 hey, this podcast sponsor by, you're like, okay, cool, you know, I like their sandwich. But then that comes out, now you're linked to that. So there is a risk in sponsorships that's taking place. A part of a good sponsor's job is to present the opportunity of the money being made, as well as here's the dirt I found on them online. These are the lawsuits.
Starting point is 01:27:59 This is the negative review here. Here's what I noticed here. It's very risky because you're sitting at Tom Brady sitting with his team and guys, how come we didn't know something like this? They wanted the commission. They're giving us this much money. They're giving us this. So this makes talent and influencers be more protective of what they say yes to, no matter what the price stack is because here's the thing. You know, I said there's a dollar amount for everybody. I think there's a dollar amount for, and you fully believe that, that there's a dollar
Starting point is 01:28:25 amount. I think for the majority of people, they can be bought. Whatever the number is, whatever it is, there is a number for everybody. And I will tell you this, if that's the mindset, you will have a very, very low Q score and very, very low loyalty from customers that will keep coming back to see what you endorse and promote. You will lose credibility because if you become the the the the the whore that's going around, you know, sponsor what do you call it?
Starting point is 01:28:52 The take the money from everybody. Then what you're saying is your audience is sitting there saying, dude, that's like the 99th one you just sponsored. Do you really use that? Do you really do that? Why are you saying that? There's a, so it's a tough relationship. And by the way, I'm not blaming the influencer.
Starting point is 01:29:10 You know, I can only imagine what it's like to say, hey, here's 15 million bucks, here's 5 million bucks. That's gotta be tempting for a person to say yes. And especially tempting for smaller, you know, what it's called influencers. It goes with ways too. The kev is not small, he's got money. Well, here's my point.
Starting point is 01:29:25 We have the luxury that this, we're here, ValueTam and PPD Podcast, everything is not our main source of income. Correct, right? Yes. So you have PHP. Not even close. So like we do this because we love it,
Starting point is 01:29:38 we enjoy it, we appreciate the audience, we're building something, but this is not our main source of revenue. So we have the luxury to say, it's not worth it. Because we are very selective. I know I'm being very like, hi, everyone has a price, but we do have these discussions like, nah,
Starting point is 01:29:52 this isn't a fit for us. And you're very selective with that, no doubt. But let's say this is your only thing. And it's your only job and you're running a podcast. And you're making no money, but whatever the career is, whatever it is, you're doing a show, a podcast, you're a TikTokger, and you're making no money, but whatever the career is, whatever it is, you're doing a show, a podcast, you're a TikToker, and this is your only source of revenue.
Starting point is 01:30:09 It is very hard to be like, this guy wants to pay me 100 grand to promote his keto thing. Dude, I haven't made 100 grand in my life. Sign me up for keto. Adam, you're right. That's the problem that people are gonna run into. Sorry to cut you off there.
Starting point is 01:30:22 You're right, but that's why so few people have the high-cuse scores, so few. And it goes the other way too. Do you remember in Fiat hired JLo for their little tiny car? I think it's the 500 or the 5,000. It's a small car, very small car. And she's driving around, just driving around Brooklyn, like Rye Grubb, member Rye was a small girl.
Starting point is 01:30:41 That was false. People jumped on that and said, wait a minute, she didn't grow up there, she didn't grow up there. And she's also made comments about little small cars. And so there's a mismatch that there. So she took the money. She was the wrong spokesperson. And it hurt Fiat the other way. They pulled the campaign out and they dropped it all off. And then you go the other side who's got the high Q score. If you go back the last 15 years, one of the highest Q stores was Peyton Manning. He was a nationwide insurance. He picked his spots. He had a lot of them out there, but he picked his spots and he used the product and he was straight with it.
Starting point is 01:31:14 And he made money. Integrity doesn't know also on the food chain. Integrity doesn't care whether you are poor or rich. If you were at a small podcast and you took the money for some, your rank product, then you're putting your integrity off to the side and you're not gonna have to do so. I gotta tell you, I think things are changing. Okay, so like you're basically, you're calling out JLo right now.
Starting point is 01:31:38 She's as famous as ever. Okay, I think we're at a point, I'll just have a discussion with Michael Sartain, we're at a point. I'll just have a discussion with Michael Sartain. We're at a point now where Traditionally, there was clearly good guys and bad guys, you know, Reagan versus Gorbachev, right? The Hulk versus the Iron Sheik. There was that point where it was like clearly This is the the good person and clearly this is the bad person clearly. This is the side of the right the side of wrong is the bad person. Clearly this is the side of the right,
Starting point is 01:32:02 the side of wrong. What we're in now is it's just a, how popular are you, how many followers do you have, how many eyeballs do you have? I disagree. Hear me out. And like, there's people like Kanye right now. Like in back in the day, people like,
Starting point is 01:32:21 you'd be shunned. Now he's getting more eyeballs getting more attention Yeah, people will gladly put them on a podcast because you will get eyeballs for them Alex Jones the guy that does the fire festival whether you're whether you're Jake Paul Like and you fuck up and now you're more famous that's different and you're tate whatever We're at a point now in society where it's not about whether you're good or bad It's just whether you're famous or not. Different, that's different.
Starting point is 01:32:45 There's a difference. There's a difference between us putting Kanye on, or us putting the most controversial figure on right now because it's going to get eyeballs. There's a difference between giving that person a voice. You're not saying you support what they stand for. You know, I interview Sammy. That doesn't mean I support what Sammy did.
Starting point is 01:33:06 That's just you have questions to get closer to whatever, to truth you're trying to get. Sponsorship and Q-score, let me just change the Q-score. Forget about the thing called Q-score. All that's going to come down to is the following, your credibility score. What is your credibility? And by the way, when you look at some people who have 100 million followers, you've got some people that have 10 million followers, you look at some people who have a hundred million followers You got some people that got ten million followers. You got some people that got million followers Some people's credibility score on what comes out of their mouth carries more weight than somebody else who has more
Starting point is 01:33:34 Followership there's a lot of people that have a lot of Followers but what comes out of their mouth has zero credibility There's some that have very few followers So it only means what you value. If you value money as your number one currency, who gives a shit, go make your money. But if you value carrying weight with what comes out of your mouth, where you want to protect that as much as possible,
Starting point is 01:33:57 not 100% because nobody has 100% credibility with what comes out of their mouth. No one, not a single person in the world has ever had 100% credibility that's a human being. No one, not a single person in the world has ever had a hundred percent credibility That's a human being. No one's ever had that credibility score But some carry more value for that than others. It's all on what you value more period and I think accountability because you nailed it To Adam it was um, remember the fire festival documentary and Netflix. Yeah, Billy McFarlane with Jauru They brought all it was all scam obviously.
Starting point is 01:34:26 That's what the whole festival was. But they had all these models and influences. Everybody came and people were trying to go after them. And it comes down to accountability because those models and stuff are like, we did, no, even, you know what they went through there. They're like managers and they're agents of stuff. And then I know I don't want to go back to the vaccine,
Starting point is 01:34:43 but same with the vaccine. The government used all these celebrities. Everybody like, hey, push your, you better get it. On the view, they're like, if you don't like, shut up and take it, Arnold Schwarzenegger. Like what the good guy is like, just get the the shut the hell like they're using them. I think it's, it's accountability for you forcing this stuff or you're trying to promote it. You're being that person.
Starting point is 01:35:03 If it fails, just like what's happening with these guys, I want accountability. You told people, look at all the people that did what you guys said that was the truth, and I look what's happening with the people. A lot of people are saying, so they should they give the money back, should they do the same thing?
Starting point is 01:35:14 Exactly. Yes, they should send the money back, stop it. In nobody sending the money back on what they're doing. I'll say one thing, I think you're right, but I also think I'm right, because I think that there's two things going on here. I think that you're absolutely right. Credibility and having honor and dignity is a major thing.
Starting point is 01:35:34 And you know, your words matter. And for sure, I agree with you. But also eyeballs matter, and are you able to get attention? So for instance, someone might send me, someone, hey, this guy wants to come on your podcast, okay? You've dealt with this, I'm sure all the time. And it's a kid with 400 followers on YouTube. And I'll go check out the YouTube.
Starting point is 01:35:52 I'm like, damn, this kid is really smart. And he's really got something going on here. But nobody's following him. It's just not worth my time. So like, you've dealt with this before, where like, there's people with credibility that have that have that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that's what makes you. There's that Adam. Don't get it twisted. So number one, to have a guest that brings eyeballs, that's not an endorsement. That's I'm willing to have a conversation with you. To say the words, if I bring and if you bring a killer and you interview them
Starting point is 01:36:41 and then you say, hey, everybody's wrong. I know this person's killed 19 different people. He didn't do it on purpose. And he did, that's where you're giving credibility to say you support sponsorship is, my name is stamped on this product. Interview is, this guy's gonna get a lot of eyeballs and it's gonna be entertaining.
Starting point is 01:37:04 Two different things. You can't confuse those two together. What's your worth, okay? The value of the words that come out of your mouth. That should carry weight. If I'm, by the way, I'm not even talking about sponsorships. So I move down from that.
Starting point is 01:37:18 But we are talking about just people in general. No, no, but you can't do that because you're confusing the two. We are talking about sponsorship. We're not talking about who to have on the podcast. For example, you think I would interview Kim Young, whatever the North Korean guy, you think I would interview him?
Starting point is 01:37:30 100%. You think I would interview G. 100%. You think I would interview Khamenei. Yep, 1000%. You think I would interview Putin? Billion percent. Which one of these guys do I 100% agree with?
Starting point is 01:37:40 Zero. But I'm not endorsing them. Correct. I'm just, we'll have a conversation. But do you think I'm gonna go out there and say, you know, uh, uh, uh, such and such, uh, coin is the one to go on because I support them and I, you think I'm gonna do that? No.
Starting point is 01:37:52 Those are two different things, bro. Correct. One is sponsorship. The other one is, let's have a conversation. Correct. So we're talking about two-submissive. Yes, we are. I agree.
Starting point is 01:38:00 Yes, we are. So, if you use Sammy as an example, you've done multiple content with Sam. You never said, I endorse Sam. Yeah. There's a big difference in interviewing. Yes, that's why I agree. For example, you've done multiple content with Sammy. You never said I endorse Sammy. There's a big difference in interviewing. That's why I agree. For example, will I gladly, will I gladly, if I tell you right now, Kasa DiAngelo, okay, do you know how many people go to Kasa DiAngelo this? I'm only here because pastor, I'm here.
Starting point is 01:38:17 I mean, I'm in town. But what I'm trying to tell you is because Angelo Freaking runs the house, okay. And Angelo, the chef in the back, Fre, freaking start of a guy, he's a beast. I trust, he tells me I got something new I'm making. I said, dude, you know what I like? Take the lead, right? He just brings it to me. I trust him.
Starting point is 01:38:35 He's got credibility. He's got credibility. That's what I give credence to. Okay, so those are two different things. Now, going into this year that we're talking about, I want to go into a couple other stories here, and then we'll wrap up, because dude, we can go another time.
Starting point is 01:38:48 Is there any story you really want to hit up on? Oh, you guys want to do... I want to know what's going on. I want to know what's going on in the World Cup. Do you want to do the Santas Trump? Do you want to do TikTok? Do you want to do... We got guys, we got a lot of stories.
Starting point is 01:39:01 Do you want to do Twitter files? Do you want to do a Zuck? Do you want to... Do you want to do Twitter files? Do you want to do? Zack do you want to do which one do you do want okay? Let's do Britney Grindr how about we do that? Let's do Britney Grindr page six so So Biden made a bad deal for Britney Britney Grindr. This is a Bloomberg story not Fox in exchange for WMA star Britney Grindr The US agreed to pardon Victor Bout a convicted arms dealer serving a 25-year sentence in Illinois. Bout was responsible for supplying weapons to rogues and terrorists under around the world. Many committed to killing Americans from the Taliban, to Colombians, leftist FARC, rebels to former Libyan dictator, Ma'amad Qaddafi. He's believed to have links to the Russian
Starting point is 01:39:43 intelligence apparatus and to members of President Vladimir Putin's inner circle, given the intense public interest. And Grinder's case, Biden had considerable motivation to make a deal yet on balance. The U.S. got the worst of it, bouts conviction in 2011 came after years of painstaking effort by U.S. intelligence, diplomatic and law enforcement agencies exchanging such a dangerous criminal for an athlete would know discernible intelligence value to russia is unavoidably and a front to the u.s justice system town on the surface this is like a you know a very populist move here but there's a couple other americans that are over there that
Starting point is 01:40:24 you're over there for you're very minor things are being, but there's a couple other Americans that are over there that you're over there for very minor things are being held. What was really interesting to me is the White House is in the middle of a little crisis on this. You know, they knew and they've been planning for weeks the Marriage Equality Act and the big signing ceremony and the rainbow lights are on the White House. You saw that a day ago? Yeah, yeah, yeah. Big deal, very big deal.
Starting point is 01:40:43 You know, LBGTQ, people celebrating that and everything. But the truth was, and this just came out, it's kind of shocking. When Biden was getting ready to sign the Marriage Equality Act and he was negotiating with Russia, he thought he was getting grinder back. You're so funny. You're so funny.
Starting point is 01:41:03 He was getting ready for the big sizes when Tom's being a comedian. He's been spending a little too much time with Vinnie. Oh my God, that's hilarious. But did you see what Sheila Jackson from Texas said? She goes, let me say there's no one that I can't remember. She goes, but actually no Americans were killed. How the hell do you know?
Starting point is 01:41:19 No, no, no, I want you to read the whole quote with the straight face, Vinnie. Okay. Read it. Let me say this, No one knows the story of the weapons dealer If you will and as a fax would tell them he was sentenced to 25 years He served 11 to 16. I can't remember the exact number but an actuality. He chose even all the number his weapons might have been used to kill Americans But he has not killed America might have but has not yeah, dude This is so stupid. I'm not saying he's not a nasty bad guy, but I'll tell you that I believe that American
Starting point is 01:41:48 should know that the sovereignty of the nation will always be behind them. We'll never be forgotten. Brittany, grinded deserves a fight. And we put forth so does Paul. But so does who? Paul Wheeling who's a friend of his marine that's been there for who is still there. They're going to be there for another one five years, but it's like it's unbelievable. How do you I'm talking right now?
Starting point is 01:42:04 Athens. Let me tell you, her reelection is going to contain sound bites from that year. Oh, 100 years. Oh, 100%. And by the way, this is, you, by the way, if, if, so let's flip this, say the Santis or Trump were president. Yes.
Starting point is 01:42:20 Okay. What would they have, and how long would have taken for grinder to come here and what would they have gotten and return in the negotiation? Well, Pat just really fast. I either one of them out with the Santa's or Trump. But this is you know what, don't talk about crazy funny bring it up. Trump they offered him. He had a chance to take a wheelin out for this for Victor bow and he said no. That's how bad this Victor Bout is that Trump was like listen weelin stay in there for longer because we're not giving this guy up that's how dude the merchant of death like mind you up that I have a
Starting point is 01:42:54 friend that's dogs name is pickles you know I the dog eats pickles what the hell do you think a merchant of death does he death. So she's an idiot. A chilege, one of the hell she is. But bro, you can't, you can't compare the two. And it's like Trump, that, that's how bad this guy is. That Trump said to you in the wheeling family. I'm sorry. God bless him. He's a marine. God bless his service and his, his, whatever, but I'm not giving him up. You don't think he looks like a guy that's maybe like from just look at his face. Look think he looks like a guy that's maybe like from, just look at his baby boy. Look what he looks like.
Starting point is 01:43:27 What does he look like, Rob? That mustache is legit. He might have a gun in the mustache. His eyes. You know what his eyes look like? Yeah. Say something. I have a problem.
Starting point is 01:43:37 Even if you have a bad thought, good luck. Yeah, do that. He looks like you have a problem. That's that guy. Do you think, oh, how many people he's armed from the African civil wars problem with that. That's that guy. Do you think about how many people he's armed from the African civil wars and all that? Bro, that guy is, he's done enough dirt. He has so much blood in his hands
Starting point is 01:43:53 and we just gave him back. Imagine the party they threw for that. And you look at how long it took to get him. You read the story about how long they worked to isolate him and then how much evidence they had and how hard then was it to last on. Oh my god. And the effort that was spent in the international, specifically the US intelligence community to arrest this guy in the first place. Oh, but did you see those, those old interviews
Starting point is 01:44:15 that they were showing on social media of, I think it was like 60 minutes or they're interviewing intelligence, American intelligence agencies about who this guy really was, and they're like, he is an evil, disgusting, despicable, man, we're lucky we got him. I wanna get back to Pat's question. What do you think DeSantis or Trump or someone else would have done with enough time? Let me tell you, the US of hostages came home
Starting point is 01:44:41 from Iran right after the Reagan inauguration. Like like it was quick. And there's a simple reason for that. They did not want to negotiate or screw with Ronald Reagan. And you have to come from a strong place that says, listen, these are not political prisoners, these are not spies. These two folks are coming home and are coming home quick. And I need you to take care of this. Are we communicating? And that is a position of strength behind closed doors. Then it's like, so what do you need to kind of safe face? What harbor do you need?
Starting point is 01:45:16 I'll help you out, but I'm not giving you your guy. That guy's not coming home, but I will let you safe face. I will let some spin come out of this, but my folks are coming home and you're not going to screw with me. That is the way you have to negotiate with these folks. You can't embarrass Putin publicly, but what you can do is you can give him and out
Starting point is 01:45:36 without giving him his asset and you can get people back. You just have to be strong enough to sit kneecapped and kneecapped to do it and have him believe that you are not screwing around. Here's my question. What is Putin? Now he's in Russia. Is he a free man in Russia?
Starting point is 01:45:50 I don't know what's going on. He's the merchant of death that's our label number two questions, Pat. Does what is Russia doing with them? I don't think he's locked up number one. Number two, if he's not going to go to jail, do you not think he's going to go back to the world? He's going to go back to work. Hey, look look they've done everything to get the guy parade he's doing interview yeah he's doing all these things are you do they love it you see what the
Starting point is 01:46:11 did you see what the u.a. what the Russian TV channel said about this no what you didn't see what the Russian TV the lady who's talking about the saying he says she says how the Americans are idiots for doing this. He says Americans are such idiots because they're trying to please their liberal voters. They exchanged him for a basketball player that hates their country. This is a Russian new scene.
Starting point is 01:46:36 If I can find this clear, that's the one, right there, that's the one. How many minutes is that? Let me see how long is this? Two minutes and 46 seconds. Go to the last 20 seconds. It's like a beauty of the country. It's the fact that you're a person who's been sitting for two years.
Starting point is 01:46:54 Unmuted, like take the audio out. That music is so, so for some of the other songs. Anyways, this lady, you have to watch this clip. Whatever you do, watch this clip. Because she's talking about about American voters are choosing way What was that about? Okay, that's the part. It's the last 30 seconds when she says it go to the last 30 seconds She was about Americans are choosing the obvious. I think for us is one more piece of good news the first good news is that Bout has turned second good news is that a nation
Starting point is 01:47:22 Okay That a nation that spits on its heroes to the extent that it considers it significantly more important to free a rightfully charged well-known athlete, she didn't suffer because she served her motherland, but because she couldn't live for 10 hours without hash instead of freeing the person in prison for two years. Okay. For serving his motherland. Wow. This says a lot about the state of society.
Starting point is 01:47:49 This society, wheeling. This says a lot about the state of society of these intelligence agencies. Watch, watch this. Wow. And everything related to geopolitical confrontation. They're laughing at you. They're laughing at you. What she says about America.
Starting point is 01:48:02 Did you just say what ever you just said was powerful. Crazy. Can I add was powerful? Crazy. Can I add one thing? Yeah. She's right. Wow. Yeah, that's a very powerful statement right here. I think regarding Brittany Griner, I think her, the charges that she was, that she received
Starting point is 01:48:18 from Russia were trumped up. She had hash. It's like, she didn't deserve to go to jail, like in Siberia. That's ridiculous. You should know better to bring me to that. No, it's not trumped up, but it had hash. She shouldn't have had hash. It's like, she didn't deserve to go to jail, like in Siberia, that's ridiculous. You should know better to bring these things. No, it's not trumped up, but it had hash. She shouldn't have had hash. Okay, I'm just about like to go to jail
Starting point is 01:48:30 for a fucking some little weed. That's the whole way. That country. I can't, like California law to God. Cool, that's not my point. My point is this. Yes, it was. You know what I love about, no it wasn't, Tom.
Starting point is 01:48:39 Here's my point, listen for a change. Here's my point. Do you know what Israel does with prisoner swaps? Do you remember the story what Israel has done with prisoner swaps? Tell me. There's a story. Do you know how many, for one Israeli soldier?
Starting point is 01:48:54 One Israeli soldier. He wasn't the captain of the military. He wasn't the general soldier. He was a soldier. His name was Gilad Shalit. This is back in 2011. Do you know how many Palestinian prisoners they swapped for him? I don't even know if that number's right.
Starting point is 01:49:09 It was about a thousand soldiers for the one guy. So what they're saying in Israel is like, if you serve your country, you have a mandatory two year time to serve. If you serve your country, God forbid something happens to you. We are coming to get you. We are coming to get your ass.
Starting point is 01:49:24 And that's why I'm talking about. You don't mess with them Assad. Exactly. They traded 1,000 Palestinian prisoners for one soldier. That's when you fight for your country. That's when you fight for your survival. You say, God forbid something happens. They're coming to get me.
Starting point is 01:49:43 And they're going to exchange 1,000 fucking brothers. That's pretty thanks. Let me tell you. And that's the problem that I have to get me. And they're gonna exchange a thousand fucking brothers and sisters. That's the problem that I have with this thing. And that arm's just. We gotta get that soldier back. American soldier back person formal. I agree, Adam. Adam is 100% right with this.
Starting point is 01:49:56 But you know what it does do? So think about like, you know how you, when you were in school and you got to fights with other gangs, like your crew got to fight with another gang, or whatever crew, you would learn a lot about the level of unity of the other gang based on how they defended each other right now sometimes you'd be talking like well I don't like him anyways he's like you know I know we're part of the same side where he's a freaking idiot
Starting point is 01:50:17 you're like oh shit this guy's got no backing for his own guy publicly you always 100% defend whoever is your side. Always, you always defend who's on your side. Privately say, I think you were a little bit off on this one, but publicly you always defend. You know what Russia is showing? Motherland is number one. You know what America is showing?
Starting point is 01:50:37 Politics is number one. Goddamn right. That's the one thing about Democrats. Democratic Party is above America. That is why the Democratic political party is losing votes, okay? Because they have party over America and a lot of people don't like that.
Starting point is 01:50:53 They want America over politics. Anybody that's your political party over the country you represent, you got issues. If you get, in by the way, this is the one thing about TikTok that's unique that I actually like. The whole thing that's going on with tiktok and markler rubio leading it I don't know what page the story is on if I can read this story Can you tell me what store what what pages? Okay, there it is lawmakers page number 12 lawmakers unveil bipartisan bill
Starting point is 01:51:17 That aims to ban tiktok for the US okay? For government agencies right? Yeah, so here we go the new bill introduced by senator markler will be a republican representative mike galagher from was constant republican raja christian uh... more the democrat illinois would ban all transactions from any social media company in or under the influence of china russia and several of the four foreign countries of concern
Starting point is 01:51:43 the anti-social c, the Anti-Social CCPT Act, which stands for Verding, the National Threat of Internet Surveillance, Oppressive censorship, and influence and algorithmic learning by the Chinese Communist Party explicitly named byteants and tiktok as subject to the restrictions in the bill, unless and until the date on which the president certifies to Congress. The company no longer meets any of the conditions, describe such as being subject to substantial influence by country of concern. So we call this a while ago on the podcast.
Starting point is 01:52:13 TikTok's got a, life's, you know, timeline before they're gonna be off. I even made a video about TikTok that just went up. And what do you think? Video, plan number one on the channel. Talks about that video. Yeah, the video, I just gave data. I just broke it down. I said, listen, the day, August 5th of this year, yeah, the video. I just gave data. I just broke it down. I said listen,
Starting point is 01:52:25 the day August 5th of this year, I made a video, Trashing China, okay, and the control that they want over America, all this other stuff. From that moment, 720 views videos later, at a 720 uploads on TikTok, only 200,000 views. And if you go back and look at 264 prior to that, how many went over a hundred thousand views? On 264, 720, 96 went over, I don't know what the number was, some big number, 9 went over a million, we have the data on here to show it.
Starting point is 01:52:57 And those same clips, the 720 that didn't go on TikTok, that didn't go viral, on other accounts went viral. On other TikTok accounts went viral, but then on Instagram been viral but not on tick-tock. Now here's the thing, this is what's crazy about, I don't know if you saw this on a go all the way to the top. The moment the video went live yesterday, look what happened to some of the clips yesterday zoom in, zoom in, zoom in, zoom in, the moment I uploaded the video, 31.8000, that was in the case, 22.7000, keep going left to show
Starting point is 01:53:26 49, keep going, 38, 954, 164. This hasn't happened for 720 videos. The level of manipulation that TikTok has with what they're doing, some people said, well, I thought you were all about freedom. What is this about banning companies and all this other stuff? I thought capillaries and Republicans and all this stuff were all about freedom and libertarians are all about freedom.
Starting point is 01:53:51 Yeah, except if the enemy is using a technology to divide and domify your people, that is the enemy. You are naive if you're thinking so. All these Patriot Act that we have that are spying on America, fine. I'm more comfortable having my own country spy on us than I have with a China or number one enemy spying on us. I don't want anybody spying on anybody, period. But it's definitely not going to be the enemy, the state number one, which is China. And, Pab, we banned when Russia went to war with Ukraine,
Starting point is 01:54:26 they banned RT news. The app is, you can't even go on it. And what they're doing, and Adam, and then you said it to the last podcast I was on with you guys, that it's the youth, they're brainwashing and ruining the youth, and the algorithm that they're getting from everybody's phone, from where you go, what you do, what you buy, where these young kids are going,
Starting point is 01:54:44 and then giving them all these challenges, making them stupid, in China, you can't even, it's all educational stuff. Yeah, well, as your shots, you gotta give him credit. He was the one that kinda made that very popular. He's basically saying what they show in China versus what they show here in the States. It's nowhere.
Starting point is 01:54:58 But for me, the thing with TikTok is this, everything comes down to risk and reward. What's the reward with TikTok? You get to see some dance videos, you get to see some stuff, all right, it's down to risk and reward. What's the reward with TikTok? You get to see some dance videos, you get to see some stuff, all right, it's cool, it's fun, what's the risk? This is a full on national security threat. You kind of went down the line of what they're doing,
Starting point is 01:55:17 they're tracking your phone movements, they're tracking everything. This is not something we want here in America. I don't know how long TikTok is gonna be here, but I'm a full advocate of getting this outta here. And then the magic question, is it what is it about China that from the Wuhan lab to all this shit to TikTok,
Starting point is 01:55:34 we don't make no like move like, I think Trump was the only anti-China tact, you know, the tariffs, the trades, what is it, why don't we pull the trigger? Just because we owe them all this money, we can't do shit. You just pull the truck. You remember when I said a bunch of things got banned,
Starting point is 01:55:50 they waited until after midterms to do it. There's no way you're gonna do TikTok before election, midterm. Because most of the people on TikTok are progressive. Did you hear what Chang said on tweet? He tweeted something, Chang, he said, yeah, he said, he says, look what're doing with tick tock banning tick tock most progressive people Who are going viral are on tick tock and now they're taking that voice away now?
Starting point is 01:56:13 He's a socialist hardcore progressive so he is saying the fact that tick tock was a great tool for him Now they're taking that down and he's right because tick tock was doing a lot of stuff right there Now they're taking that down and he's right because TikTok was doing a lot of stuff right there politics So particular TikTok has bifurthe most progressive content of any platform both Republicans and corporate Democrats hate progressive So look at what they're looking to shut down now TikTok. So he's right the progressive camp They don't want TikTok to be going down and so you don't do that before you do it now It's just a matter of time. By the way, guess who's doing back flips Twitter Tours don't that the moment this gets down Twitter from back flips. I want to go to the mediaite
Starting point is 01:56:52 article that we have what a couple different reports that came up. One is about the Santis Numbers if we can pull this up a new poll that is showing the article says the census Collaboration Trump's approval by 32 points with the Republican Florida Republicans. If we can go to page 14 and then we'll talk about the most influential people in the media space. Let me see which one this is. The census holds a 14 point lead over Trump and hypothetical match up poll.
Starting point is 01:57:17 Florida government around the census leads former president of Donald Trump by 14 points on hypothetical 2020 for GOP primary match up. According to a new poll, the Wall Street Journal survey released on Wednesday funded the census leads amongst likely Republicans voters 42-52 to 38% the census is also has had an advantage and is approval rating with 84% Republicans surveyed having a favorable view of them by comparison of 71%
Starting point is 01:57:40 said they have a favorable review of Trump. View of Trump Trump still led the census by 16.54 to 38 among respondents. Who identifies conservative, while the census led by 30.59 to 29 among those who identifies as somewhat conservative. So Adam, when you see this, what do you think about these numbers here?
Starting point is 01:57:58 Yeah, I completely believe them. This is something that we've been talking about for months. I think that Trump is the past. I think Ron DeSantis is the future. Why are we relitigating the past with Donald Trump? I'm using the word relitigating intentionally because that guy is buried in dozens of lawsuits still and just wait until where these lawsuits end up during his reelection bid. I think there's such a yearning in this country. And by the way, this isn't just a Trump thing. I think there's a yearning in this country
Starting point is 01:58:31 to do away with Trump and do away with Biden and get something new in there. My biggest fear is that Trump runs and Biden doesn't run and we have a Gavin Newsom face off with Trump. And I think Gavin Newsom will beat Trump. And that's not the biggest odds, Adam. I mean, you had to take that as soon as possible. So just follow the numbers on Vegas here.
Starting point is 01:58:52 I think there's such a yearning. What's, there's an article we just talked about about mask fatigue over the past. I think there's something along the lines of a Trump fatigue. And you're starting to see the cracks in the Trump campaign were like people like, what's her name and culture. People like her that were just so completely onboard
Starting point is 01:59:14 with Trump have already jumped ship. So be fair, this poll was only 267 people. Yeah. And because you had a question, Pat, do you think there's validity in it though? Forget about the poll, do you think there's validity in what I'm saying is that there's a yearning for something different?
Starting point is 01:59:28 I trust WSJ the most out of all the current publications, current. They could change tomorrow. I'm just saying currently. Wall Street Journal. WSJ is at the top. What are they saying? This is WSJ, a poll. This is a, this is a, this is a, this is a, this is a, this is a, this is a, this is
Starting point is 01:59:42 a Wall Street Journal. Yeah. The top rob, this is a survey. It is a Wall Street Journal article that happens to be. The survey is from Wall Street Journal. Go to the top rub. Is a 14 point lead over Trump and hypothetical. Yeah, I just, listen, Biden's 80 years old.
Starting point is 01:59:55 By the time Trump runs again, he's gonna be 78 years old. Like, we want someone new, we want someone fresh, we want something. He's making a major announcement tomorrow by the way. He's doing it. Trump. Here's my question. You guys gonna make a major announcement. He But here's my question you guys got a major announcement.
Starting point is 02:00:06 He's gonna make it by the way break news. I'm gonna actually run again. Yeah, I know. Now I'm that serious. No, but here's my question you guys. And Tom, I want to know what you guys think. If you're run the Sanctus campaign manager, how do you get those die hard maggot people to get away?
Starting point is 02:00:22 Like don't get me wrong. Not be offensive. Don't play the whole left. Oh my god, collusion, all that shit. Cause obviously they're Republicans too. How do you slowly take that that Trump loving mega path without being too aggressive to tell them like, hey, listen, the guards in the change, we're we still have the same mentality of the Trump.
Starting point is 02:00:43 But how do you how do you get those people to come to you? But I'm like but how do you get those people to come to you? But I'm mad at it, like how do you get those people to shift? So I don't think this poll is a surprise. I think we all know that inside the Republican Party, there's not a civil war now, but there's two camps. So there's a moderate conservative camp, and then there's Maga. And you are not, the maga people are
Starting point is 02:01:07 offended deeply offended and they're deeply loyal so until Trump is not on the ballot they are with him and that is the issue and that is what everyone is tiptoeing around as they prepare for towing around as they prepare for the presidential election. Everybody's tip towing around. Nobody wants to push Trump because that voting block there is offended and they are entrenched and they feel that they've been ripped off. They have been. And so DeSantis isn't going to do anything to win them over by vigorously campaigning against Trump.
Starting point is 02:01:50 It's just going to be, you're going to have the two camps. We saw it in the Democrat primary. You had two groups of people, right? Group one was very small. It was basically Bernie and Elizabeth with a little bit of Amy Klobuchar, because she was a more gentle and Amy-looking person, but her hard socialist views lined up very much with Elizabeth Warren. She just presented them softer. So you had them, and then you had everybody else, right?
Starting point is 02:02:18 And that was the problem that the Democrats had on stage. It all had to shake out, because you could hold 10 elections out of 10, have everybody present their things and you're still gonna have the same result until the people are off the ballot and then the other folks go, oh well, well, I'm with you. Yeah.
Starting point is 02:02:35 So, so, so, so, here's my question to you though. So, let's say, because it's gonna look like the Santas and Trump are gonna go, they're gonna debate whatever the Santas would say. Let's say, the Santas hadn't said that. No, what I'm saying is, let's say they go against each other, the Santas wins, right? What happens to those diehard mega voters?
Starting point is 02:02:51 Yeah, they're voting for Ron DeSantis. I'm not voting for the Democrat. No, no, no, no, no, no, no, no, why? Do they not vote? Do they not vote? No, they're voting for Ron DeSantis. So there's the answer.
Starting point is 02:03:00 But there's one word. I'll have a turn out as well. There's one word that you ask, what's the thing? Yeah, what's the one word is win. Yeah. Here's the problem with Trump. He won in 2016. And he gave the speech about you're going to win so much you're going to get sick of winning. What has Trump won since 2016? They lost the 2018 midterms. He lost the 2020 election. There was supposed to be a red wave in 2022. They lost like they didn't win the they won the they won the Senate they lost the Senate They barely won the house that this whole concept of winning
Starting point is 02:03:35 Well, Rhonda Santos wins. Yeah, he wins by landslides. I agree and he's winning in place. So he's actually you want to win Go with the winner the guy that's winning. Yeah, nothing guy who says he's winning. In place of his career, I actually wanna win. Go with the winner, the guy that's winning. Nothing guy who says he's gonna win. Now, I'm just gonna be a little fair here. Don't count Trump out, I get it. He's been there, he's done that. I just think there's a yearning in this country for something new, something fresh,
Starting point is 02:03:56 I'm gonna get ready. I'm gonna see, that's him. I wanna, this is the last thing. I saw this report that just came out. Media Iates, most influential in news media 2022. And I'm curious to know who you think ends up being in the top five. So if you can pull this,
Starting point is 02:04:09 I wanna start off with number 75 and go work our way down, okay? Just go, okay, so if you can, right there. So Ben Smith, 75, he's the former CEO of Bloomberg Media, Taylor Lawrence in April, uncovered a woman behind a popular vehemently anti-LGBT lips of TikTok Twitter account Wow, she makes top 75 and he got Ben Collins Donnie Sullivan, which is NBC news CNN Chris Christie got it Kate go a bold in at
Starting point is 02:04:38 71st this is a she had a show with CNN plus and then it was done with Twitter video influencers, okay, they're putting that as a whole everybody in one Gamma then you got Josh Gurstein and Alexander Ward Jessica Tarlaw from Fox News. She's a co-host of The five she's the Democrat and you got it all of it probably all of her Darcy Is next then you go to Benjamin Hall then it's's Andrew Ross Sorkin, who is way too low. He should be way up the screen. I agree. He's the guy. He's the one that just interviewed what he called it, the interview that's a SPF just a week ago. Then he got crazy smart, very neutral and what's he doing
Starting point is 02:05:17 down there? Then he got Dana, Perino and Bill Hammer. So they were next, that's again, America's Newsroom, together on Fox from 9 to 11, Sarah Fisher from Mr. Bees and Charity to Snapchat, Trump, TikTok, US, Moves, Chris Wallace, new, okay, that's her. Then he have Nicole Wallace, former White House communication director, turned to MSNBC anchor, Dylan Buyers, his reporting on CNN and his parent company warner brothers you need a clay travis from outkick then he got lower codes and allison
Starting point is 02:05:49 comarota uh... is next and it's ellie harnet then it's savanna got three erin brinette then you got charles barbara fifty-fifth having inked a new contract with tnt in october that could spay him nearly two hundred billion dollars over ten years that's totally not gets paid
Starting point is 02:06:07 more money to talk about basketball then all but a handful to play basketball he made more money being a announcer than he was playing basketball pretty well when you think about the i'm happy for kevin pool uh... when ruble keith pool is fifty four than it's andy and i'm a carthy new fox legal analyst and it's Andy, Andy McCarthy, new Fox legal analyst. And it got Alex Wagner.
Starting point is 02:06:29 Then he got Gail King, make sense. Then he got Cecilia Vega, Chris Cuomo 49th still on the list. Martha Cuomo still on this list. By the way, he would have been much higher if this was when he was active. Martha McCallum. Callum, yeah. Then he got Jim Acosta at 47. He got Jonathan Swan. John Swan as a beast. Jorado Rivera. Araldo still on the list. Lawrence O'Donnell. Robin Roberts and Michael Strahan, interesting. Jim Kramer still on their lots of a lot of credibility this year with what he said about
Starting point is 02:07:01 FTX. Steve Kornekki, Chris Hayes, Margaret Brennan, ABC's new chief Kim Godwin and CBS news co-president Niraj, Khelah Khemelani, and Wendy McMahon, Chuck Todd 37, Joy Reed, Joy Reed 36. Joy Reed is that high. Joy Reed is that much above. Pretty weird, but she's on there. Yeah, you got shimon pro coupex is 35th Harris Faulkner then you got Ari Melbner Bill Marr. Thirty-seis Bill Marr is at 30 that guy should be in the top 10 I think he's top 20 at least are you manual and J. Suresh 31st
Starting point is 02:07:41 Steve Naismith 30 it makes sense Laura Ingram 29th Chris Wallace 28 Rachel Maddo 27 bread bear 26th Jonathan Carl 25th Anderson Cooper 24th Charlemagne the God 23rd That's good for him and 22nd making Kelly still on the list 21st Kara swisher 20 Joe Rogan I thought for sure Joe Rogan would have been hired in 20. Joe Rogan not very weird, very weird, but he's under 20th 19 he gets more ratings than CNN and Fox about no, no, no, I don't want to show them we get to decide what influence is so 19 Peter Ducey 18th
Starting point is 02:08:19 Rashida Jones, uh, Caesar Condi and Noah Oppenheim. Seventeen is the few, everybody on the view. So whoopi, Joy, Sonny, Sarah, Elissa, and Anna. Then 16, you got Jesse Waters, 15, you got Don Lemon, Caitlin, and Poppy, okay? 14, you got Steve, Ducey, Ainsley, Eardhart. That's Fox and Friends. That's Fox and Friends, yeah. Then you got George Stepanopoulos, 13 plays,
Starting point is 02:08:45 12 Jake Tapper, 11 Ben Shapiro. Wow, Ben Shapiro, number 11. He says a lot about what they're doing. So 10th Greg Gutfield, that's the one that's insane to be 10th place, Greg Gutfield, okay? That's top 10, by the way. Nine Maggie Haberman, New York Times correspondent, and then you got Lester Holt,
Starting point is 02:09:05 Noro Donnell and David Muir. That's from NBC's show, and then you got Matt Rudge from Drudge Report. Tom, it's interesting that he's seventh, by the way. Very intense. Sean Hannity VI, Joe Scarborough, Mika and Willie, Fifth, Tucker Fourth, Chris Lycht, and David Zaslav, CNN, NUSIEO, Third, Elon Musk Second. Wow. Elon number two, mostly in the watching. You're by Twitter. You're in.
Starting point is 02:09:36 You're right. You would never get first place, but first place is Suzanne Scott. Rarely have we put someone at the top of the list who isn't a media star known to most of the country, but consider the strange old that Fox News has all held has over the media industry and it's easy to say why Suzanne Scott the CEO Fox news Is the most influential person in all media Fox News will in 2020 2022 as the most watch network in all of cable news in both today time prim time viewers for the seventh consecutive year in a year where viewership is down across the board. Fox News remains a rating juggernaut.
Starting point is 02:10:10 Its audience often bigger than CNN, NMS NBC combined. Wow. So there you go, Suzanne Scott, good for you. Congratulations. Fast forward. Yeah. 10 years. How much different does this look like?
Starting point is 02:10:21 This list looks like meaning. Dramatic. Still at the top of the list are the Foxes, CNNs the MSNBCs 10 years from now. How many are going to be podcasters, independent journalists, people that are not typical legacy mainstream media. What do you think PVD? It's going to be. And where will you be on this list, sir?
Starting point is 02:10:41 Dramatically different of this list, this list is changing and they're they're also realize and they have to change joe bina twenty at spot fine but joe's got to be much harder not joe you keep me in twenty twenty two is top ten minimum to be in the top ten yeah but there's going to be more names being on that list as well uh... dl san just give a hundred dollar super chat here's the thought the santa's beats trump in a primary trump runs at an independent in a national election and takes twenty percent of republican vote and the
Starting point is 02:11:06 democrats win where you'll thoughts on this keep leading from the front to jenny that's actually good perspective that's the uh... could actually it's the ross pro election that could actually happen and if there's a person who would be capable of doing that and pulling that off it's the
Starting point is 02:11:24 it's the he'd be capable of wanting to see the that off. It's the guy. It's him. You think he'd be capable of wanting to see the Democrats win? I think he knows what he does. Of course. He's the right guy for this job. You can't take that out of his mind. He is an alpha of alpha. Alpha's.
Starting point is 02:11:35 Anyways, gang. Tomorrow, I'll be with a couple thousand of you at the business planning workshop. We'll have a good time there tomorrow. Have a great weekend, everybody, and we'll do this again next week. Bye, bye, bye, bye, bye. at the Business Planning Workshop. We'll have a good time there tomorrow. Have a great weekend everybody,
Starting point is 02:11:47 and we'll do this again next week. Bye bye, bye bye, bye bye.

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