PBD Podcast - Home Team | PBD Podcast | Ep. 224

Episode Date: January 11, 2023

In this episode, Patrick Bet-David is joined by Adam Sosnick, Tom Ellsworth, and Vincent Oshana. They discuss everything from increasing credit card usage due to inflation, FTC, Kevin McCarthy & m...uch more. TOPICS Reaction To RECORD Interest Rates On Credit Cards Reaction to a record price increase in Food  FTC proposes to ban non-compete clauses  Patrick Bet-David On Being An Independent Thinker  Rolls Royce having their best year  Reaction to Kevin McCarty being elected to the house of representatives  Should Joe Biden run for president?  What is the chance for Trump winning the next election?  What can Desantis do to win the next election 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 224. In this episode, Patrick Bet-David is joined by Adam Sosnick, Tom Ellsworth, and Vincent Oshana.  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
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Starting point is 00:00:00 I know this life meant for me. Yeah, why would you plan on the life when we got that David value came in giving values contagious this world of entrepreneurs we can't no value that hate is how they run home you look what I become. I'm the one. All right, all right, all right. Okay, so we're due for home team podcasts today. We haven't had one for a minute. I think the last time we did it, it was a year ago, 2022. Just so you know, yes or no, long time. Yes, it's been a while, man.
Starting point is 00:00:29 It's been a long time. Very long time. Anyway, it's good to have Bizdak, Vincent Oshana, my man, Adam Saas here, and Malik, aka Rob in the house, as well. We got a lot of topics to cover. Yes, it is podcast. Vizdoch, Vincent Oshana-Maman, Adam Saas here, and Malik, aka Rob in the house, as well. We got a lot of topics to cover. Yesterday's podcast obviously would kneel,
Starting point is 00:00:50 the grass Tyson was great. Some of the clips are, some people are saying, it's not getting the views and all this stuff. I think one of the clips, this one here was getting 60,000 views per hour, and we looking at it a day later on creative studios, it's missing 600,000 views. Not sure why, but if you look at this clip, it's got 17,000 likes.
Starting point is 00:01:11 Let's see how many comments it's got. Comments, comments, 27,000 comments. It's got an on Twitter, on Facebook, on my DMs, email, texts. It doesn't matter where it is. I've never gotten this many clips and text messages about an interview outside of Tate, outside of Sammy, outside of Kobe. I'm gonna put it like, this has gotta be a top 10.
Starting point is 00:01:37 More than Kobe? No, no, not Kobe. I said outside of Kobe. Okay, guys, I got you. It's a top 10 word, but the views for whatever reason, when we look at the clips, it just goes flat line and it shows now this morning in the first eight hours that only got 140 views.
Starting point is 00:01:51 Again, we don't know why we're not speculating. We're just stating facts and data. And maybe it's algorithm issues on YouTube. No, I'm not being paranoid about it. It's just data. So I'll talk to you. Data's data. Data's data's data's data's data's data's data's data.
Starting point is 00:02:03 And he said he got to pay attention to data. I'm a stats guy. We're a data guy. I was watching when you posted a pat hit 14,000 and four minutes and I was like, okay, this is going. It is what it is. If you haven't watched it, I had to recommend you watching. I'm not gonna say anything inappropriate. No, just I'm just gonna say it was a great interview. It was. You guys had a spirited conversation about a certain thing that people may or may not have taken during a certain period of time. 70s, 80s, the early 2020s. It is what it is. But I think more than anything,
Starting point is 00:02:33 we've realized that certain companies, certain social media companies, we don't know. Don't like certain conversations. I'm ready to light up a cigar right now in the podcast and just have a cigar and have a conversation with you guys, but We don't want the sprinklers to come off and get Rob wet on yeah, we got a lot of topics to get into here. Just topics that we got like Rogan or a cigar like Elon
Starting point is 00:02:55 Bizdoch. What do you prefer? I told you Tom's Animal he was like, you don't believe me. Tom's got this is a song. Tom's gonna write a book one day on You don't believe me, Tom's got game. Tom's gonna write a book one day on dating, relationship, and flirting, and that thing's gonna be bestseller. And Silicon Valley, it's gonna do it. It's a very, very good. It's not, terms love doc. Yeah, it is a love doc.
Starting point is 00:03:14 You're the love doctor. Hey, topics, Microsoft investment into chat GBT's creator, maybe the smartest one billion out of our spend. We'll talk about that. Fed, X Fed share, Alan Alan Greenspan sees a US recession as most likely outcome. Most Americans turning to credit cards to cover basic expenses as inflation rages,
Starting point is 00:03:33 Times got some feedback on that. Uh oh. Chinese billionaire Jack Ma to relinquish control of Ant Group. FTC says proposal to ban non-compete clauses could boost pay by $300 billion a year. A lot of this non-compete clauses could boost pay by $300 billion a lot of this non-compete is mainly California. Rolls-Royce had a record breaking gear. Literally, the biggest year ever they had will talk about what that is.
Starting point is 00:03:56 America's aggressive chip strategy forces China into a corner. McDonald's former CEO agrees to pay ready fifty three million dollars in SEC sediment this is the deal Kevin McCarthy elected the speaker the house ending days of republican chaos and division of Washington will cover that I know Adam you got some thoughts on that uh... let's see what else we got the secret to run the synthesis success ignore Donald Trump
Starting point is 00:04:21 and attack business instead to bloomberg story'll cover that. A photos of videos of chaos in Brazil saying very similar situation with Bolsonaro as it was in the DC just a couple years ago. Elon Musk confronts Adam Schiff about his efforts to pressure Twitter to silence critics and journalists.
Starting point is 00:04:40 Federal regulators investigating Musk's Tesla full serving driving tweet. I'm sure he's going to be investigated for a lot of different things since he's pushing the envelope. Biden towards El Paso border sites. Vinnie, I know you got some thoughts on that. NBC exec regret paying Jimmy Fallon $80 million contract extension as Fox News Greg gut filled. Beats tonight's own ratings.
Starting point is 00:05:04 This is a rader Online story. We got a campaign to reeducate Jordan Peterson, social media created a generation of weakened kids threatening American culture and capitalism and why you business school professor says in WSJ Wall Street Journal op-ed, and maybe a couple of other things here that we have story wise.
Starting point is 00:05:21 But Tom, let's get right into the economy with the story about credit cards. If you wanna go to page four, we have a story about credit cards. Most Americans turning to credit cards to pay expenses as inflation rages. As inflation continues to erode, purchase and power, more Americans are relying on credit cards to pay basic expenses. According to the Census Bureau in December over 35% households use credit cards or loans to pay for expenses in the past week, up 32% in November, 21% from April of 2021. Interest rates on credit cards are currently at high levels
Starting point is 00:05:56 with the average APR setting a new record. Damn, is that true? 19.14% last week, according to bankrate.com, if people carry dead to cover rising prices they could end up paying more in the long run as interest charges accrual credit card balances increase by more than fifteen percent year on
Starting point is 00:06:14 year in november the largest increase in over twenty years according to new york feds every time what are thoughts on this we've been talking about this on the pbd podcast for the last couple months. As I said, as those interest rates goes up, that the banks would raise the interest rates on credit cards and raise the did.
Starting point is 00:06:32 And additionally, you've got consumers with wage stagnation are turning to the credit card to pay for things and we saw some travel going down. Certainly, people aren't gonna be paying to go on Southwest Airlines There are lines anytime soon. And you had electronics had a bummer Christmas. You saw that, you know, PlayStation's big screen TVs and electronics had a bum Christmas.
Starting point is 00:06:55 Why was that? Well, it's because inflation on core food stuff and we're also a story in here about the, we're at an all timetime high on food costs. That is forced people to use the only play sake you get a raise to cover is artificial and that's from their credit card. The other side of this, it's very, very interesting is that this is directly related to housing. People are right now, rents are edging up and the housing prices are not dropping as fast. So those
Starting point is 00:07:28 same consumers are kind of stuck. They can't make a change in their housing costs. Like maybe I'll sell my house and lease something for a year, like prices come down. It's all interrelated here. The pinch is coming and what's even worse is we're seeing layoffs are going to come February, March, April. You see layoffs pick up. So you got consumers that are already pinched by inflation using their credit card. Layoffs are coming. So everybody that says there's not a recession this year. It's just not paying attention. You know, it's a hurricane coming ashore and we could talk more about housing in a little bit what what's going on there, but this is huge, Pat.
Starting point is 00:08:05 This is people are being pinched, and we are spinning it in the mainstream media, and we are not talking about the kind of things that need to help the American consumer. I'm not sure, go into a housing, so what do you see happen to what housing? What's very interesting right now, what's going on? So the, because the interest rates are so high,
Starting point is 00:08:24 when you put your house on the market market it's hard to find the buyers and the housing is sitting there longer So people are not putting that inventory out there if the inventory was out there the prices would go down because there's more houses out there Buyers who could afford the interest rate even though it's 6 7% I actually end 8% if your credit's not good. And so the inventory right now is staying steady so prices are flat. When people say, well, that's great. Yeah, except if you look at the number of transactions, transactions aren't happening. Look at the number of new mortgages and number of transactions. Transactions are down 80% last year, 70% last year depending on the market. Transactions are down 80% last year, 70% last year, depending on the market.
Starting point is 00:09:07 Transactions are down to 70%. Yeah, if you take a look at like ReFi, go look at ReFi is year over year, I think ReFi is year over year are almost zero. And if you go at real estate transactions, now Miami may be a little bit better where we are here. But transactions in the housing market houses aren't selling and the home builders you could toll brothers Lanar and out there Here Rob, I'm sending you a link go to this one
Starting point is 00:09:34 Go to this website here. That's the rates. I want you to go to this website It shows the refinance application Yeah, level index the numbers are unbelievable what. Look at that. Zoom in a little bit. They're there. You're over your 86.2% refinancing is down. Yeah. But by the way, but let me just put it to you this way. For a loan officer, this is what that means. If you were making a hundred grand a month a year ago, you're making $13,800. And you're probably buying groceries with your credit card. If you were a loan officer, a year ago, making 10 grand a month, you're making $1,380 a month returning your S class and you're selling your watches you bought for $15,000 for $4,200. And you just moved in with your mom.
Starting point is 00:10:19 Yeah, mom and dad, I love that. This is no joke, by the way. This is a real number. That's a scary week over week is 30%. So when people say, what we're hearing in media, housing prices are steady. Well, yeah, but you can't sell it, right? The number one thing and help me out here, Adam, you know a lot of people in real estate and SosTalk's money, you've got a lot of topics on this
Starting point is 00:10:40 that when you're accepting an offer for your home, the number one thing you want is certainty of close. You want to evaluate the buyer, is the down payment real, or was it loaned by somebody? And now the mortgage lender is going to freak out and say, wait, wait, wait, we can't do that. You can't be using borrowed money to make a down payment.
Starting point is 00:10:58 It's certainty of close, right? It's a praise hole. It's everything that goes through that. Right now, certainty of close is low, because who can afford the 7% mortgage and what what I do once I sold my house, and you're seeing it in a transaction. So the, as soon as the inventory gets out there, housing prices are going to go down what I and you, Pat, you've been saying this too, by the end of this year, and I'm still holding
Starting point is 00:11:23 to my third quarter, and third quarter, Fed will drop rates for the first time, probably early third quarter, fourth of July maybe. Fed drops rates for the first time, a little more inventory comes out, housing prices come down, and that part of the market moves. Been in the meantime, this and credit cards,
Starting point is 00:11:42 and the interest rates on the credit cards, consumers are in for a very, very rough ride right now. And if you're in a marginalized industry, you're probably also looking at layoffs. There's a recession coming. And so everybody said, oh, it was a soft landing and all this, we haven't landed yet. We haven't landed at all.
Starting point is 00:11:59 We're still in the recession. And we're the clicking stage of the roller coaster. Click, click, click, click, click, click, click, click, click, click, click, click, click, click, click, click, click, click, click, and we haven't dropped yet. Everybody's gonna, everybody's gonna raise their hands and scream. At the same time, I wanna read this to you.
Starting point is 00:12:12 So it says the USS Chance of Dodge in a Recession or Growing Given Layoffs Remain Low, top moody economists. Okay, he says, this is page three. He says that maybe we're gonna get past this recession and it won't even happen. The US economy may avoid the recession in 2023. According to Mark Zandee, the top economist at Moody's Analytics, he pointed to Friday's job report
Starting point is 00:12:37 which showed average hourly earnings rising by lower than expected, 0.3% on unemployment rate falling to 3.5% as evidence that companies are not laying off workers and the added that the wage inflation falling while employment remains high. There's also good sign for the U.S. economy as people and jobs are likely to spend more and save less feeding into the economic growth. Many companies have put in place short-term thinking, short-term hiring freezes and reduce workers overall hours in an effort to lower spending.
Starting point is 00:13:08 So that's what he's saying. And in Greenspan, it's saying, economists, Alan Greenspan and William Dudley have both warned that a recession is likely coming this year. Greenspan former Federal Reserve Chairman stated that a recession is the most likely outcome while Dudley, former New York Federal Reserve president, said that US recession is likely due to the Federal Reserve
Starting point is 00:13:28 rate hikes, Darryl Crunk, Chief Investment Officer for wealth and investment management agreed that Greenspan's prediction and argued that a recession is the likely outcome due to the combination of tightening money supply and a strong US dollar and falling bank reserves. However, Crunk has spewed a deadly argument that federal reserve rate hikes are the sole cause
Starting point is 00:13:47 of potential recession. So here's a question for you. I'm on this page. I'm a grease band. So, but why, so, but this other person is making a point saying, hey, job, it's not as bad as you think it is. We just haven't dropped unemployment dropped to three and a half percent.
Starting point is 00:14:00 It's not just going to be a soft landing. We may even skip it. Who, who has a better argument? I think Respawn does because I think, you know, the Moody side, I think when you only look at the job side of it, you don't see the capability of the consumer and you don't see what's happening to consumers' own spending. The credit cards, he is guessing on this. EVN who, from Moody's. Moody's is guessing in an analytical way, I mean, using analytics and they're making a guess that, oh, well, we've added 22,000 jobs and we got all these, our earnings writing, 0.3 of a percent.
Starting point is 00:14:40 How does he even, with a straight face looking at camera and say, well, you know, earnings are risen 0.3 of a percent from November. When you're talking about seven, eight percent annual inflation, and we got statistics, what's going on in credit cards, credit cards are more expensive than ever. And the banks are saying, hey, we're looking at balances are big. Those are hard data points. So, okay, you kept your job, jobs are flat and everything, but inflation is still up and how are you making up the difference, and we just talked about what's happened into the entire mortgage and home buying industry. I don't know. I think if you just look at macro jobs, I don't think so, whereas the Fed looks at the data points of the sectors and consumer spending and things, so I tend to be on the page of
Starting point is 00:15:22 Alan, and I tend to look at the hard data. Consumers right now are not having an easy time of it. Hard data. We didn't have a crazy TV Christmas. We didn't have a big electronics Christmas. We had a very soft Christmas at Best Buy. What does that say? That's hard data.
Starting point is 00:15:39 So I'm kind of, I hope it's not here Pat, but I'm fearful that this is a recession coming and we're gonna have layoffs with it And then the whole thing starts turning around when we get down to that 2% inflation and then you know Adam, what do you think? By the way, when do you see 2% inflation being a realistic number? Jay pal says when he can see it in the future that's when he moves it So I kind of think he'll be able, at mid-year, he's gonna be looking to the end of the year and says, you know what, I can see two percent inflation
Starting point is 00:16:11 from here. You know, it's funny, you know, what was the word of the year for 2022? It was like gas lighting or I'm shocked that the word of the year was not transitory. How many times did we hear that word, what's transitory in place? Transitory, Janet Yellen, J. Powell, everybody transitory, it was not transitory. How many times did we hear that word? What's transitory in place? Transitor Janet Yellen, J Pal, everybody transitory. It's a transitory. I mean, trans was like probably the word of the year in
Starting point is 00:16:32 2022. That's a home. Yeah, they're killing that game. But by the way, shout out to Alan Greenspan. How old do you think Alan Greenspan is at this point? 96. 96 about to be 97 this quarter, March, doing his thing. But here's what I'll say, because we started off with a few cycles. He knows what he's doing. He's seen some transitory stuff. Here's what I'll say about,
Starting point is 00:16:55 because we initiated this conversation about the credit cards. What a difference a year makes. Even the beginning of COVID, when everybody was on lockdown, you saw all the savings rates were going up, credit card debt was going down, people weren't traveling, people weren't spending, all of a sudden,
Starting point is 00:17:11 people had to be fiscally conservative. This is crazy. Right, right, you're getting your, whether you're getting stimulus checks or unemployment checks, people actually had to be like, holy crap, what is happening right now? Let me get ready for this, Have a budget in my life. So people started implementing that. And then after, you know, a year or so of lockdown,
Starting point is 00:17:31 you know, fighting on planes, people going nuts, travel came back, airlines came back, airlines stocks came back, travel, cruise lines, everything. People started returning to normal. And what is returning to normal in America? Taking on more debt, baby. Living paycheck to paycheck, baby, that's normal here in America. So I am not shocked that these numbers that came back from credit cards, these ridiculous numbers,
Starting point is 00:17:55 what is the season that people start spending the most money? Q4, this is the holiday season. Between Thanksgiving, you got, what is it? Black Friday, you got Cyber Monday, then you got Christmas season, it's New Year's, you're spending, spending, spending, spending, like if I'm that, this might be alarming. If I'm that person that's living paycheck to paycheck
Starting point is 00:18:16 and but really wants to get their significant other or family members' toys, not this year, baby. And what you have to understand is when it comes to your money, it's not a month by month thing, it's not even a, it's, you have to look at it year over year over year, because you might have had a situation in 2020 where you're actually to save some money and pay down some debt, but in 2021,
Starting point is 00:18:39 there it was again, back to your normal, that's the return to normal that most Americans don't really fully understand is that you're going back to credit cards. that's the return to normal that most Americans don't really fully understand is that you're going back to credit cards. So these numbers are horrible. For someone that me, like me, that considers themselves a personal finance expert, that's my thing.
Starting point is 00:18:54 Tom, you're more macroeconomics. You understand the big picture. I like helping people that make 50 grand a year, 100 grand a year, 200 grand a year. How can you maximize the most out of your money? And when I see stats like this, it's like, of course, you're back to paycheck to paycheck because did you really need to spend three grand during the holiday seasons?
Starting point is 00:19:12 And then, and then here's what's going to happen now over the next six months, prediction time tax seasons coming up. Okay. What are you going to do with your refund? You, I'm asking you, if you get a $5,000 refund, does that go into your Roth IRA, are you gonna max out your 401k, or is it summer season coming around? Is it hot girl summer, white boy summer? Now we're going on vacation,
Starting point is 00:19:32 now we're going to St. Bart's, now we're going to Mekonos, now we're traveling. These situations that you do with three, four, five, six, $10,000, what you decide to do with that type of money will literally change your life, but you have to do it year type of money will literally change your life. But you have to do it year over year over year over year. But most Americans are living paycheck to paycheck
Starting point is 00:19:50 thinking month to month. They don't have that long-term vision to save that money. I take you back to your own man on the street interview with a young lady that was down in South Florida using a $6,000 stimulus. Remember that? You talked to her, would you see that? Yeah. She's standing there with a go cup drinking in front of you.
Starting point is 00:20:08 And you're asking, what are you doing here? Are you saving him? No, no, we just came down here to party, man. We get the free government money. Habits don't change. But the part that's concerning is where it says, setting a new record of 19.14% last week.
Starting point is 00:20:22 That's a new record, meaning we've never done that before. Okay. You have a good point that's coming off the holiday season which people are spending. This is my concern. My concern is, you know when you're at the end of a relationship, where you guys are dating and you're kind of like, you're just waiting for the other person to break up
Starting point is 00:20:43 or it's like you're in too deep, you know it ain't gonna go anywhere, but you're just waiting for the other person to break up or it's like you're in too deep, you know it ain't gonna go anywhere, but you're comfortable, you got somebody hanging out with Friday night, Saturday, whatever, but you know this shit's not going anywhere. I don't know if you've been there before, I've been there before,
Starting point is 00:20:55 I've been there before, so when you're in it, you're dragging and you're delaying a time bomb, that's gonna happen instead of making a decision. Yeah. We are delaying a time bomb because people are gradually running out of money. All this means with the economy not having hit rock bottom yet, it just means people still have some savings they're sitting on.
Starting point is 00:21:17 And they're waiting before they put their house on the market because they don't have to. They're waiting before they sell that watch because they don't yet have to. But did you see the article I sent you about watches? Did you see the one I sent you about Morgan Stanley Dean with or what it said? If you don't, if you don't have it, just pull it up. Maybe I didn't send it to you. No, I didn't send it to you. Actually, go online and type this up. Type out the title is prices for Rolex. Just type in prices for Rolex and then go to news. Go go to click on news and should pop up right away. Pop up up up up up.
Starting point is 00:21:47 First word should be Morgan Stanley. Okay, then type in Morgan Stanley in it as well. Go back and type in Morgan Stanley. And look what it says. Just go up and type in Morgan Stanley. There you go, should come up. It's so interesting. I have it right in front of me and it's not popping up.
Starting point is 00:22:04 You're doing all the right things. Rob, I want to text it to you, just should come up. It's so interesting. I have it right in front of me and it's not popping up. You're doing all the right things. Rob, I want to text it to you. Just pull this up, okay. Because for the longest time, when I would talk to my watch dealers, different guys, they would say, oh, watch prices haven't gone down yet. Isn't right there, what? Watch prices haven't gone down.
Starting point is 00:22:18 No, it's the one I just texted it to. Okay, by the way, you know how, Vinny always like to say things like, you know you've made it when, when you're talking to your watch dealers Watch dealer it's plural of course dealers competition I can't one no no you have you have to look at what's going how pathetic is it that you're doing writing all of it at And it's not pulling it up. That's so weird. Just use the link. I give you that's so weird
Starting point is 00:22:40 What does that thing? No, no, it's not on him. No, it's not him. Everything he did, it's so weird how he didn't pull it up with the Google algorithm. Anyways, there's this article that comes out and it talks about the following thing. It's a story about Morgan Stanley, Prices for Rolex, Patek Philippe, and Ademir Pigeon watches our APs. We'll keep plunging due to a flood of supply
Starting point is 00:23:08 But these three real assets are still scarce and coveted and the story is talking about how instead of worrying about that You should buy farmland you should buy real estate It's pretty much an infomercial saying what you should buy and what you shouldn't buy and and wine and it's talking about how a lot of people right now are Investing into art and how art has outperformed S&P by 130 something percent the last decade. Art has. Okay, it's art. No question about it. There's a place in Sweden that is housing $100 billion worth of art. It's pretty ridiculous. If you see the building, what it looks like, $100 billion of art being held in one place. But if you look at this, read the article all the way at the top again, if you can go all
Starting point is 00:23:48 the way to the top. Look what it says. It says, Morgan Stanley, prices for Rolex, Pettek, Philippe, and AP watches will keep plunging due to a flood of supply, right? That in about six months is going to be replaced. Home prices and real estate and commercial real estate is plunging due to flood of supply. And go, first people sell their luxuries,
Starting point is 00:24:11 then they sell their assets. This comes first. So we're delaying a time bomb, okay? The first thing you do is, hey babe, what are we gonna do? Babe, sell that watch. Babe, sell that card, sell that motorcycle. Let's sell that diamond.
Starting point is 00:24:24 You're dying, you're dying, you're dying. Sell that motorcycle. Let's sell that diamond. You're diamond. Sell that diamond. Sell this and then start selling only fans. Sell your purse as maybe those four, Chanel purses of yours. Sell this, sell the wants.
Starting point is 00:24:34 All the wants. And then all of a sudden, the need, babe. Guess what, we got to sell the house. Yeah, oh, no need. So this is a delay time bomb. The breakup is coming with the house. It's just a matter of time.
Starting point is 00:24:44 Again, my prediction, okay, the real estate people love it time bomb the breakup is coming with the house it's just a matter of time again my prediction okay the real estate people love it when I you know talk like this to them they get upset and I get you know friendly emails being sent to me I'm just telling you this comes first then comes the real assets this is not fake this is real it's painful by the way watch the prices with food okay here's a prices with food world food prices hit record high in 2022. This is a Reuters story, okay? World food prices hit record high in 2020.
Starting point is 00:25:14 I'm gonna go to you here because I know you had healthy food. The food and agriculture organization, FAO and the United Nations has reported that its food price index, which tracks the international prices of the most globally traded food commodities has reached a high level on record, averaging 143.7 points in 2022 up 14.3% from 2021. The index has already gained 28% in 2021 due to economic recovery from the impact of COVID-19 pandemic. The increase in food prices was largely driven by the invasion of Ukraine, by Russia in February 2022. This is again, now that that's Reuters has to add that part
Starting point is 00:25:49 to it. Who in price hike? Yeah, and it says, it says, while food prices have, since partially recovered, the FAO's cereal meet dairy and vegetable oil sub-indexes, all reach record highs in 2022, while the sugar sub-index reach a 10-year high. So you like to buy healthy food? Are you noticing anything? Pat, besides I buy the online grass-fed grass-finished, because you know, me, if you see a stake in the supermarket, it's like this.
Starting point is 00:26:18 For you buy the natural one, it's half the size, because it's, you know, they're feeding it only grass, not grain. No steroids. No steroids at all That that company I'm paying almost 30% more and I even I know the lady that owns it I'm like what's she's like she's like this is it is what it is so she's so you know she's telling you I I literally can't all the price when she tells you that do you believe it? I 100% believe it because I know her and then I'm at
Starting point is 00:26:45 Publix I'm at the it, because I know her. And then I'm at a public, some of the supermarket here, and I go by the eggs, they're, and the good ones. And this isn't a public, this isn't at like Whole Foods or whatever. Eight, almost eight, seven something for $8. I was like, what, I'm gonna just open like a chicken coop in my apartment and just have a laying eggs. I mean, my neighbors have dogs.
Starting point is 00:27:02 I'm gonna get chicken, dude, it's in, and I eat like four eggs a day. It's $7. It's going like that. And I eat yogurt. I'm not, I eat organic yogurt, but it's getting to the point where I'm like, holy shit, I have to eat half of what I'm eating.
Starting point is 00:27:15 And I'm getting hungry, didn't they? Cause I eat a lot. And it's, I'm seeing it, bro. Just for the sake of it. I have a restaurant recommendation. Hi, and for people I want to take their date on, can you show this restaurant that? It's hot.
Starting point is 00:27:26 Could we say take date? Some heart's fancy. It's, if you're trying to impress a girl, that's where you wanna take it. Oh my God. Take the right thing and say, look at the world, my God. Honey, we made it.
Starting point is 00:27:37 I will say this. We're loaded with eggs. That's actually a great idea. I will say this. That's hilarious. Most people take their girl on a date, we'll go to a nice date. Dinner, but if you take your girl on a date, what are you spending
Starting point is 00:27:47 at a nice dinner? Right. Nice dinner. On a real night. X, today, X. Don't order anything. You're not an animal. Real good one. Three hundred dollars. Yeah. Come on. 100 bucks. Easy. You know what might be a bigger turn on for your girl. Whatever you want at Publix, baby. Get in there. Get in there. Anything you want. Don't you stop? By the way, this is not an advice Adam is given. This is Adam's playbook. Yeah, we're going to public. Whatever you want. That's like talking dirty stuff. I want to know. You're like, you know what? You're going to get water eggs.
Starting point is 00:28:13 She's like, what? Oh, you're going to throw some stuff. We're rolling, baby. We're rolling. But for 300 bucks, you're falling out of the air fricking. Now she's cooking. Oh, I'm going to have to play. By the way, these way these memes these memes can we stay on this again you pull up the other me pull up the other me my sent you look at these memes 600 BC gold 1900 money Pablo's money today insane it's insane don't you say Tom it's no no I was gonna ask you what are you doing about it Vinnie I mean Vinnie how are you solving the economy Vinnie as a comedian?
Starting point is 00:28:47 What is your role here? Or are you sure that it's a situation and CPI comes down? There's a lot of people like you out there trying to eat healthy and try to figure it out. What do you suggest in the middle of this? I'm like, well my suggestion is, yeah, well I'm cutting, but I'm literally cutting the food in half. Which is, I'm being dead serious. Are you joking? I'm being dead serious. No, you're not cutting. I'm like eating, I'm saying I'm eating less cutting the food in half, which is, I'm being dead serious. Are you joking? I'm being dead serious.
Starting point is 00:29:06 No, you're not cutting. I'm like eating, I'm saying I'm eating less of the good shit and now I'm being forced to buy the non-organic shit, but I'm literally trying to find the one that's the least unhealthy. I'm still not doing the sugar shit, I'm not doing all that, but bro, it's getting to the point where it's now like,
Starting point is 00:29:22 because mind you, I have allegations on my life that I take care of some people and I do some things, but it's like, I'm getting to the point where I'm not doing all that, but bro, it's getting to the point where it's now like, because mind you, I have allegations on my life that I take care of some people and I do some things, but it's like, I'm getting to the point where I'm even telling people like, I send money to it, so while I can't do it anymore, I can't. Like, you wanna borrow money? It's over, because the egg situation is getting ridiculous. So, hey, why don't we invest in a freaking mat?
Starting point is 00:29:40 The other building that you got? What do you think those 600 chickens in a back-up? That's exactly right. You think they just made it here? I love that. 17 parking spaces I replayed with the entire every morning you hear them. The goose that laid the golden egg was a fairy tale.
Starting point is 00:29:53 Our 600 chickens is real, baby. Yeah, but if you do actually want to be solution oriented, actually, unfortunately, the thing that you generally have to cut out of your life is your F andB budget as far as going out to restaurants bars. I like clubs, that kind of stuff. Take out door dash, Uber Eats. That's the stuff that's weighing you down. Yes, maybe you usually spend a hundred bucks at the grocery store. Now it's a buck 20. I get it. That $20 is not going to change your life. So, yes, eggs are going to be a little bit more expensive. Yes, you're going to spend a little bit more at your local supermarket. But that's still a way better option than the alternative, which is eating out at restaurants. And so unfortunately, a lot of restaurants, if this economy does continue in this direction, where we're seeing this recession, who's really going to take the hurt, are these small
Starting point is 00:30:40 businesses, these restaurants, these employees at these restaurants, right? And continue to shop at the government. We've spent 18 months trying to get back on their feet after the government told them that. And then think about, and this should look perfect. And you said, it trickles down. So now that the money's like this and the food, dating and everything is getting ridiculous,
Starting point is 00:30:55 because, hey, I'm not taking them out. I'm like, I can't, I'm sorry. We'll just go home and chill. If I make up, we're just gonna go home and chill. No, no, we're gonna go home and chill. That's like, in chill, in the ring of the room. And make your dinner impact. You know, like my mom could cook. I could, I, oh, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, You know how you go on the Yelp app and you get to choose restaurants based on one dollar sign two dollars
Starting point is 00:31:26 That's your fork tinder and bumble has to put with a girl. Listen. I I'm good. I'm good with I'm good with Danny's good with Friday I don't know by the way that would be the funniest thing if they did for one day on April 4th. I'm a cheap day. And for girls, I got no standards. One drink gets me drunk. I'm going home with you. One glass of wine.
Starting point is 00:31:52 You're my cat, a girl. That's it. Honey, you're a five egg kind of girl. I got, well drinks. You know, Brian Cimandos, this is the way. By the way, I have a bone to pick with you. What? I have a straight up bone to pick with you.
Starting point is 00:32:04 Here we go. This is part of the economy. Yeah. You, my friend, you were supposed to bring us some liver. Pat, I hate, hold on. Bro, the guy barely eating. I'm gonna eat Tom's liver live. I know.
Starting point is 00:32:16 This is my bone to pick. So are you. At least my problem is, that's liver. The liver king was here. He had no shirt on. Nipple's hard. Smelt horrible. Boom.
Starting point is 00:32:24 Boom, you're like, I got the liver. What about the nipples now? The economy. Just, you know, this little food for thought. And the liver's not that expensive, even though the organic one. Okay, next home tea podcast. I'm gonna bring it. But this is why I'm, I've a bone to pick with that. Yes, it is. Because you're a man of your word. I'll bring it in.
Starting point is 00:32:39 I'm done with my workout. And let me tell you what I can smell from a mile away. I've been gifted with a massive nose. The liver can. I have this gift. You like been gifted with a massive nose. I have this gift You like the one that I smell I smell I smell what's cooking out right across the street They just put the chicken on the I'm in the gym working out and I start smelling liver I'm so too God. Oh my God. I'm telling you and I come in Melva has put she does this once a month which she surprises me
Starting point is 00:33:05 um liver is sitting right there and I like it raw cooked a little bit like 30 seconds 20 seconds and I eat this liver I haven't had a meal for years okay I mean there's nothing I don't know what else to do this is not liver and onions this is just raw liver with God we know there's no Indians involved. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,'t play around with it. No, no, you're good. I can't tell you guys, but if you want to message me on Instagram... So by the way, so girl has to choose. Would I rather have a guy that smells good, but the food we're going to eat is going to be cheaper, or would I have a guy that has to put so much cologne because he smells so horrible, but he cooks well.
Starting point is 00:33:55 I'm choosing number one. I'm choosing number one, huh? So you're going to win 10 out of 10. Anyways, okay, let's go to non-compete. Okay. We need some non-compete, right? So FTC proposal to ban non-compete clauses. Here we go. I love them when this starts this way. So FTC says proposal to ban non-compete
Starting point is 00:34:12 clauses could boost pay by $300 billion a year. Now let's see who's saying this could boost $300 billion per year. Okay. So FTC has proposed a rule that would ban the noncompact clause in the United States. The rule would prevent employers from imposing clauses and contracts that prohibit employees from joining it competitive. Leaving a company typically for a set of period of time, proponents of the rule argue that noncompete agreements
Starting point is 00:34:38 contribute to wage stagnation by limiting the ability of workers to switch jobs, to secure higher pay opponents, argue that noncompcompiclosses facilitate retention and encourage companies to invest in training and promote employees, especially in a tight labor market. And the FTC estimates that this could boost wages by nearly $300 billion annually and expand career opportunities for approximately 30 million Americans. By the way, they have no clue if that does or not.
Starting point is 00:35:02 The last part is purely propaganda saying they estimate that the rule could boost, could boost $300 billion annually and expand career opportunities for approximately 30 million Americans. Tom, we know a lot about non-compete. You've been in the business space for a long time. You know what this means.
Starting point is 00:35:20 You know who, which state is the worst non-compete state, which is the state of California, right? What are your thoughts on this non-compete proposal that they're given? Well, first of all, when a government agency uses to phrase 30 million Americans, it's so funny. You should just Google that and go back. Because, remember, Obama said, we have to do this for healthcare for the 30 million Americans who need coverage.
Starting point is 00:35:38 Remember that? It's always 30 million Americans needing it. Where are these 30 million people they're talking? I'd like to know where they are. Maybe they're talking about California. You know, it's exactly 30 million people they're talking about? I'd like to know where they are. Maybe they're talking about California. It's exactly 30 million people. Exactly, California.
Starting point is 00:35:47 It's all those, you know, it's all those fake statistics. Like when you hear that, you know, every 16 seconds a woman somewhere in the world is having a baby. And I'm like, well, then that's the girl. Yeah, stop. So, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it The end. That's hilarious. You just got to find her. Yeah. But whenever I see this stuff, think about it.
Starting point is 00:36:05 But let's talk about non-compete. This is just a headline, and this is being put out by the government, because let me tell you how non-compete really work. I work for you, whoever's listening here, and you don't want me, you want me to have a non-compete. So you say that if I leave, you know, that for two years, I can't recruit anybody. Well, that's disruption. I can't do that. And for two years, I can't torsiously interfere with any of your contracts, like steal your customers. Okay, well, that's already
Starting point is 00:36:35 on the books. But this, if you want to keep somebody in a non-compete, you have to pay them a little bit. We've seen this. We see it in financial services sector. You know, I'm going to give you half your salary for one year and one year. And then when that expires, you can go do something else. That's what a non-competes. You know what they call it in the UK? It's called gardening leave. Well, he's on gardening leave. And it's built in to your contract. This is if you're going to leave, they will pay you one year of your salary to be on gardening leave. Now, what that means is for one year,
Starting point is 00:37:05 your brain is not being paid by a competitor. So it makes a gap between the time you leave to the time that your brain is working for somebody else. That's how non-compete work. Somebody in government seems to think that the non-compete prevents somebody from getting a higher paying job. No, it doesn't.
Starting point is 00:37:24 I've had people tell me me you've had people tell you What are you doing? I'm just waiting out a year and I'm taking this other job and I'm doing this I got a really good job. It's a good opportunity and I'm waiting a year and I'm taking it This is this is a nothing burger, you know non-compeats are built to protect a company But you can't handcuff somebody from making a living in the United States. With a non-compete, there has to be consideration. And Pat, you and I have dealt with a lot of lawyers to say, well, what consideration are you willing to pay him for six months so that he sits it out here cheap before they take the
Starting point is 00:37:56 next job? You know, for me, I'll give it to you from a couple of different perspectives. First of all, I don't think non-compete have any weight today anyways. Like, you know how, sign an NDA. Okay, once I last have an NDA carried any weight. You know how many NDAs I've had sign? And people have, you know, flipped on the NDA. NCA's have some weight.
Starting point is 00:38:14 They still carry some weight in certain states, but not in certain states. But it's not in the NCA, it's a poor, or a bad, or a bad agreement. So a non-compete carries some weight, but not an NDA. Here's a challenge. So the thing the market has to realize is the following. Here's what the market has to realize. You know, sometimes you go and you negotiate for
Starting point is 00:38:36 something and then when you get it and you get in the car and you're like, oh shit, I got what I want it. Why did I get what I want it? What are the consequences of what I got? Could the man, he just sat there and he said yes to it? Holy moly. What is he gonna do about this? Okay, cool. Let's process this together.
Starting point is 00:38:58 Hey, Mr. Employer, if you don't give me a raise, I'm gonna go to this other company and they're allowing me to work from home and they're paying me $40,000 more with a $20,000 signing bonus, but I'm telling you if you give me a $20,000 signing bonus $40,000 raise and allow me to work from home. I won't go anywhere else. It's the loyal to you Many employers experienced that in 2021. What happened today? You know what's the first thing Bob Eiger said yesterday Go to Bob Eiger and put four-day work week It happened Bob Iger, four day work week, okay? Bob Iger yesterday, right there, just a top article, right, to click on that. Bob Iger said, yeah, Bob Iger just yesterday said zoom in a little bit.
Starting point is 00:39:39 Bob Iger yesterday said, everybody's got to return to work four days a week from the start of March. This is Disney, woke, all of that stuff. It doesn't work working from home, period. No you're not more productive with a fridge there and a TV there and a video game there. Stop trying to convince people and all these huff pole riders and all these journalists who all they do is write and you know, do what they do. None of them actually know what,
Starting point is 00:40:05 when they talk about how it's beneficial to work from home. No, it's not. I can tell you right now, it's not beneficial for me to work from home, and I'm a pretty disciplined guy. Yesterday I'm trying to shoot a video from my office. I'm not even kidding with you. I turn off the lights to everybody notes,
Starting point is 00:40:19 and I have a big house I can hide from everybody, and I still can hide. First, Jimbo comes by the window. Rooh! Rooh! Rooh! He knows. Rooh! You know how long Jimbo will bark until I open a door? 10 minutes. So people on the Zoom are here in Jimbo bark,
Starting point is 00:40:34 so then I go tell Jimbo be quiet. It works for five minutes, five minutes later. Rooh! Rooh! Rooh! Then Tiko comes, hey, dad, I have a corn video. I want to show you. So I have to watch this corn video with 27 minutes with this kid that made a corn video on two songs. Then I tell Tico, that's funny.
Starting point is 00:40:50 Then he leaves, Senna comes, hey, can I get in your lamp? Hi Vinny! Hi Vinny! When are we going to make another video? Down like Senna can you please leave? Then Jen comes back, hey babe, did you call me? Babe I'm trying to shoot a video. What would you like to eat?
Starting point is 00:41:04 Then she leaves am I dad? I'm like ladder music. I'm a killer would you Okay, so it comes back. Hey, come on You know what I'm gonna do I'm gonna call Tickle right now. You know what time I what time was our pump? What time was our prep for the past six thirty? What time was our prep prep? Dude, I you realize I'm doing this video. I'm calling prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, prep, that we did the podcast prep you and I got on at 6.30. Yeah, what time did you and I finish with everything last night? My time, not your time. Your time it was 10, 30, 10, 40.
Starting point is 00:41:51 This is supposed to be one hour because I'm sitting there. Everyone's interrupting. By the way, if you don't know Teekin, he's one of the most incredible, special, greatest men in the world. Love, love, love, you, Teekin. We love you, Teekin. We love you, Teekin. We love you, Teekin. Hey, give your president, wife, a high love you, Tick. That's fair in the game. We love you, Tick.
Starting point is 00:42:05 Hey, give your president wife a high fives. Take care. That's a high value woman. I'm glad to know. Look, come in, after and go live. No, he just want to try to tell you. Don't tell me you are more focused at your house. Yeah.
Starting point is 00:42:16 And by the way, to the fools who bought it, to the fools who were executives who bought this bullshit I was sold to them. It's like a six-year-old kid selling mommy and daddy to our 40-year-old Why it's okay for the six-year-old boy to be in the room with a six-year-old girl and close the door nothing's gonna happen Exactly what the hell did we do when we were that age? Hmm, yeah, we are. So now for these people to say well not compete It's because it's gonna increase the economy by 300 billion dollars. You know what the employer says? All right cool. I already know visually what meetings 300 billion dollars. You know what the employer says? All right, cool. I already know visually what meetings
Starting point is 00:42:47 are coming up. You know what the meeting is? I'm going to give you the visual. Tell me if you believe this or not. Here we go with the visual. Hey Patrick, you know, I love working with you. I love what you stand for. By the way, I'm giving the script for other people who want to use it against me next year. Yeah, so they know that. Yeah, it's been great team employees, but I'm going to tell you, you know, I think I've earned a right to get a 50% raise. And if you don't give it to me, I'm going directly to the competitor because they've offered me three jobs to go to the direct competitor.
Starting point is 00:43:16 And they feel the intel that I've learned from being here, all the strategies and how we come up with clips and how we cut them and how we do this and how we get sponsorship all our contacts. I'm going to take it over to the competitor bot okay if you pay me this I will never betray you never because I'm a loyal type of a guy why you laughing that's script robber's gonna use a script not because they lay it all out then they go by the way I'm boy you know you gotta pay me twice as much tell me how that doesn't sound realistic though it's think about you guys are laughing no I'm telling you I'm loyal. But look, look, it's gotta pay me twice as much. Tell me how that doesn't sound realistic though.
Starting point is 00:43:46 Think about it. You guys are laughing? No. I'm telling you, I'm on the other side. I sit in front of some of these people and they use these scripts and I'm like, did you just tell me and you made a threat and then you told me you're, you believe in loyalty?
Starting point is 00:43:58 I'm loyal, yeah. So here's the point guys, go ahead and do it. Go for it. You know what all this means? For those who want the CEO and the executive to fully work on them and lock on to them and hey, I'm gonna be the next person and that That's CEO and that guy sitting there saying I'm looking for guys. I had an interview the other day for for
Starting point is 00:44:23 I for, I spoke to a very powerful person in America the other day, okay. And we're having this conversation. And a conversation came about this one person, another very, very powerful person in the world. And he says, let me tell you about this one person. Everybody knows who, you know, you know, you know, who this person, I'm just not saying the name and don't say anything. I don't know. No, no, no, no, no. So, yeah, so I'm talking who this person, I'm just not saying the name and don't say anything. I don't know. No, Adam So yeah, so I'm talking to this person and the conversation goes about well listen Patrick Obviously we've been following your work for years He says how important is loyalty to us at very he says tell me the names of people that you trust trust trust
Starting point is 00:45:03 That you know you can talk openly. And I gave nine names. Me and Adam and Pat. Of course, sure. But nine names I gave, right? And I give these nine names and first name status, I'm giving these nine names. And he says, okay, so you understand the bigger you get, how much harder it is to trust people because of how many people backstab you. Yes. That guy's been backstab so many times that the bigger you get, it's harder to trust more people. And I totally agree with them. Now, here's the benefit. If a guy like that or me or somebody that's going to be growing businesses for many, many years takes a liking to you and starts working with you, there's a very high likely chance you're going to win.
Starting point is 00:45:45 That's the, what factor, that's the X factor. When there is somebody behind closers, like, you know, for me, not getting spiritual on you, but I'm convinced a lot of the things that happen to me, I'm convinced, I read a book called David Engelite, it says, people who are close, who had a close call of dying, they feel they have a certain, you know, not connection like you have certain favor,
Starting point is 00:46:10 like you think you're supposed to do, you're destined, right? It's a very interesting way he explains it. But I think God's on my side and I think God's on our side and I think what we're doing is a necessary message that we have and I think miracles happen, right? There's a very unique confidence that you have. When you walk around known,
Starting point is 00:46:26 somebody like that's got your back. You just walk different, you talk different, you process different, you do things in a different way when you know someone has it. Kids have that one day, you know who their dad is, you know, players do that one, they have a coach, a coach does that one, the owner's been, there is a certain feeling.
Starting point is 00:46:41 Now you wanna take this approach, all you're doing is for the employees that are gonna think about using this against the employer, good luck to you. Good luck to what happens. And go on the marketplace and see if that strategy is going to work out. By the way, again, all this does, the stupidity of things like this, it creates a division between the employer and the employee.
Starting point is 00:46:59 As if we don't already have enough division, let's add some more division between employer and employees and act like we're on the employee side. Keep doing that and see what happens. And you can only do this once, by the way. You can only do that once. If you pull this trick off and you get a little bit of money, they know you're not loyal. You're probably not gonna get a next promotion
Starting point is 00:47:21 at the place you just extorted the arrays from. And if you left anyway, you know, if you really did that with a new employer, if someone came to me, if I was a week, let's say I was a week-minded kind of a low ethics competitor. And I'm welcoming a salesperson to bring in all these contacts that came from the other company or something or information they really shouldn't have brought in my door. Do I trust him? No, because I can set my watch, mean someday he's going to do that to me for his next job.
Starting point is 00:47:54 So it doesn't work this way. You're absolutely right, Pat. It doesn't work. You get marked. You pull it off once. You're still a marked person. Because you respect honesty. You'd rather have somebody walk in, not with all this gimmick bullshit and just be like pat
Starting point is 00:48:09 Like even and even if they got a mulch like pat I need this raise Eggs And I have a date coming over She wants an I would actually work. That would work. You'd respect that guy better. I would say, you know what Vinnie, I want to cook for you. You come in the back. She said, dog on me. I'll serve you. What would you like?
Starting point is 00:48:32 Take a bottle. I'll bring you dozens of eggs. Just take it home with it. I'm dead. I was going to do this whole gimmick bullshit about staying home bullshit. But there's a skit. Do a skit and say, hey, girl, I'm going to take you to a place tonight. Yeah, we're gonna go to a nice You should make a video little bit of comedy and you take her and you show Dozens of The back
Starting point is 00:48:56 Dude, she says oh my god this guy's load and she calls a girlfriend You will not believe we're having dinner. I look at the back by the kitchen. What he had ten dozen eggs Shut up. Loadish. Shut up. Wait. Wait. Make that organic You should make only shit Make marriage. That's hilarious and I'm very Ministers for real quick. Yeah. Hey, go back to go back to the Iger thing It's so funny because what's it's all come home to ruse Tim Armstrong
Starting point is 00:49:22 Who was CEO of all Verizon media. If I had one piece about, by the way, think about this. This is 18 months later, Pat. Remember, you'll work from home, help the workers. They're going to give you the same thing. They're going to be doing all this stuff, right? Tim Armstrong, if I have one piece of advice for you, young people in your 30s, go back to work, get in the office.
Starting point is 00:49:40 You can't build meaningful, constructive relationships with your counterparts through Zoom. As a result, you're going to miss out on personal development and promotion opportunities. They come to the office when they want to raise, they come to the office when they want a promotion, then I ask them, how have you engaged with your coworkers, how have you developed? No answer. Now, let's go back down here. Third paragraph for Iger, because it's all coming back. Bob Iger, as you've heard me say many times,
Starting point is 00:50:05 creativity is a heart and soul of who we are and what we do at Disney. And then a creative business like ours, nothing can replace the ability to connect, observe and create with peers that comes from physically being together nor the opportunity to grow professionally by learning from leaders and mentors.
Starting point is 00:50:20 18 months later, Pat, remember the was a war on business and a war on, hey, let them work from home. I won't hurt your productivity. It's complete BS. It's all coming back. But by the way, you know, you know what's crazy is I'm an extremely skeptical paranoid. You know, when I mean like in business, that's kind of like you military, not not necessarily, but you know, you have a very, but you're joking. That's times of like military, not necessarily, but you know, you have very, but you're joking, that's times our chasm.
Starting point is 00:50:46 But you know, when you have the life of lived and you're kind of in the situations I've been, you kind of sit in there saying, what's going on over here? In a middle of COVID, you're listening to everybody and there's one side on your shoulder, you got the one guy on the other guy, one guy's like, you gotta take the shot,
Starting point is 00:51:02 you're gonna need to get a few don't. Another guy saying, dude, we don't know what we're doing, right? In the middle of COVID, when they say, well, you gotta let everybody work from home. What are you, that's unfair. Why are you being such an old school? You sound like an 80 year old CEO from the 60s. Let people work from home.
Starting point is 00:51:16 These millennials, you need to learn from them. Liberate them. Yeah. And the other side is like, no, no, don't buy into it. You're saying, you're being too tough on your kids. Your kids are in, too tough on these guys. And the other side, no, no, don't buy into it. You're saying, you're being too tough on your kids, your kids are in, too tough on these guys. And the other side, no, shit, look at the life. They got an easy life.
Starting point is 00:51:32 Hey, you're being unfair with the standards you're creating. You loosen up a little bit. No, that's what great leaders do. This too, the hardest part is when you're in the thick of things. When everybody's telling you to go work for a moment, and I'm on board calls, and on these board calls, well Patrick, maybe you're not being fair, maybe you ought to consider what these younger people are asking
Starting point is 00:51:54 for that at, hey, maybe you're not being responsible enough, you should send somebody to everybody's office and offer free vaccine to everybody. That's a board call I had, time, you were on that call. Maybe you should send them, hey, maybe, in these moments, when you're sitting there and you're making a decision and you walk away, you could be wrong.
Starting point is 00:52:16 It's in those moments that the trust in you goes higher where you have to trust yourself. This doesn't mean you're gonna be 100% right all the time. But some of this is common sense. Of course. And it's so hard to lean on common sense while 90% of people who have fancy degrees who are more educated than you are selling you a story
Starting point is 00:52:37 that when you buy yourself, you're saying, maybe that guy's smarter than me. Maybe they're right. Maybe that it's in those moments that you realize how strong your relationship is. Pack, can you give me a favor. What was the tone of the voice of the board call? How did you say that? Was that me speaking? No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, me, just from the day in that tone, that's a California thing. They have a California or New York.
Starting point is 00:53:06 Okay, that's a Cali voice. But the point is, and by the way, the people who said that to me, I love those guys. Of course you're there. FYI, without those guys, we don't create the valuation and the business that we've been.
Starting point is 00:53:18 I'm telling you here right now. I believe it. But in those moments, it's tough. How do you make your decision? So quite bad. Is this something from How do you make your decision? So, quite bad. Is this something from inside you? From what makes you go, you know what?
Starting point is 00:53:29 I'm going to do my own thing. I get what? Thanks for the advice. Here's the thing. You know, the whole thing about, like, you know, some people are sending me messages about Jordan Peters. What do you think of what's going on with Jordan Peters? And we'll talk about this story right now as well.
Starting point is 00:53:40 What do you think about what's going on with Tate? What do you think what's going on with us? What do you think what's going on with that? Here's what I do know. Any one of us who we're right a hundred percent of time. You're a fool Any one of us who think we know it all all the time about all things you're a fool, okay? There's nothing attractive about that human being. Okay, and by the way We all are tempted to feel that way. And the cause of that is when people around you tell you how amazing you are,
Starting point is 00:54:09 is because you don't sit with opposition, okay? The problem when you don't sit with opposition, and you only sit with people that think you're so amazing, you're like, you know how much hate I got for having Rizah Slano? Really? You can imagine, oh my God. Do you know how many people tweeted at me, call, at a call last night saying, why would you have Rizah Slano. Really? You can imagine. Oh my God. Do you know how many people tweeted at me call,
Starting point is 00:54:27 at a call last night saying, why would you have Rizah Slano? I'm like, dude, what's one of my favorite podcasts? Yeah. Why would you have Kyle Kulinsky on? I freaking had a blast with the guy. Because you're finding leaks, right? So you're asking the question to me, dude,
Starting point is 00:54:42 there's been many times I've made a decision and I've been wrong and I had to learn, okay? But in certain decisions that has to do with values and principles, I'm not compromised. You stay right on your compromise. I'm not compromised. You keep the course, stay at the point. No, because my loyalty is to the people
Starting point is 00:54:55 that bought into the vision when we sold the company, like what we're gonna do one day, when I sold them 13 and a half years for my loyalty to those people, there is no what we're doing today without those guys at the beginning zero. My goal was to make sure all of those guys became financially free.
Starting point is 00:55:11 Palayo today just bought a $3 million house in Austin, got a beautiful wife, beautiful junior, beautiful kid, beautiful family, very happy in Austin, Guy Tanger's bought a $2.5 million house in Houston, drives a nice car, kids go to great private schools He's incredible father moms an incredible mother to have three boys Seeing what happened with her dolphin sesivarius incredible life. They're living in a beautiful home You know few million dollars in a bank they've saved them this guy was a guy that worked a lost prevention at sears
Starting point is 00:55:38 Wow, and he went back to El Salvador to get married seen what's happened with Matt Sopala who just bought a three million dollar home in Dallas Texas beautiful, tennis court, stairs of like the 20-month-out-a-tappest stairs when you're car walking, and they are living an incredible life. They're both leaders. I owe it to them because without them, we don't have what we have.
Starting point is 00:55:55 But, I'm the leader. And my, my, the pressure isn't for me to be right 100% of the time. The pressure is, I may be wrong, but I'm okay with that. But I don't compromise values and principles. And I don't think neither should the rest of us, no matter how great the argument may make, you should always leave and out to say, guys, we could be wrong. The whole chant could problem with COVID was what? All
Starting point is 00:56:19 they said is they're 100% right. And others are 100% wrong. That's just, it's just not cool to do that. Okay, so I'm not sitting here trying to tell you how amazing we did all this other stuff. Believe me, I can tell you 50 different mistakes I made. Yeah. But I'm okay with that, but I'm not compromising by some principles.
Starting point is 00:56:34 I respect those are the things that we have to work on. Again, if you do in the past, when you do, because we are tempted, we're all sinners, we all make mistakes, you're typically gonna get yourself in trouble. It's just not necessary. Life is, as you age and you make money and you've had incredible experiences, man, there's so much.
Starting point is 00:56:50 There's not a lot of more valuable things than great relationships of people that strengthen you, that challenge you, and you enjoy hanging out with them. You can put your feet up and just relax and not give a shit and just talk about life and watch, hey, what are your favorite singers? What's your favorite sports? Let's debate this. Let's play Domino's, let's play Spades.
Starting point is 00:57:11 I just played Spades the other day with Ellis Swazzo, with Jamie Musgrove, with Ote, Rubin Ote, Teacrum Beckon, and Maurice Hansberry. One's from New Orleans, Ellis, very handsome guy. One Maurice, Tansberry, love that guy. He's from Chicago. I think he's from a different place, but ended up in Chicago.
Starting point is 00:57:33 And then Jamie Muscro from Memphis, Sabel Ote from Memphis, and then Teacrons from Armenia, right? Yeah. To Armenia guys. Whoopped on him. Proudly. Yeah. And they came and said, y'all don't know how to play
Starting point is 00:57:46 spades really okay you must not have a clue why spend most of my life with yeah we sat down we played spades the only person I got a new credit it's very uncomfortable to do this Jamie most gross legit he's good he's good I'm but by the way cut the spark I don't want I want you to cut the script I don't want her to get that kind of a recognition not I'm just kidding Jamie's legit when it comes on to spades it's okay to play against. Jamie's legit when it comes on to space. It's okay to play against Ellis and he's good. It's okay to play against Hansberry or Otay, they're good.
Starting point is 00:58:10 If Jamie says let's play space for money, run. Don't take it. Take your money, run, put away your credit card, take away your app with Apple, she's good. But again, we started playing cards at 10 o'clock that night. Tom and I left at 3.30 at night in the morning, okay? For five and a half hours, all we did is play cards, talk shit,
Starting point is 00:58:27 have a cigar, outside four-loader, they'll on the water with a house with Manishinga Saipala. Chillin'. I mean, you couldn't pick that right there. Is that worth a hundred thousand dollars? Is that worth a half a million dollars? To me, that's priceless. Life is about those moments, those relationships,
Starting point is 00:58:43 you ought to value that. And if you can do that and make money and make history and make a difference and do something that's ever been done before, now you're part of the lucky, lucky, lucky, lucky, very, very, very you. That's cool to be a part of that. Anyway, I don't know how to help we got into space.
Starting point is 00:58:58 But I just really wanted to call out Ellis and Hans Beard. You had an agenda. Yeah, there was an agenda. I'm showing my flaws, my week of... I cannot believe this. Yeah, there was no there was an agenda. We removed my flaws my week. I cannot believe. No, it's a call out. It was work from home. You make mistakes. You'll learn from mistakes. You need to. But we beat you. But you lost. But what is never a mistake is investing in your people and playing cards until three. Those are those are good memories. Okay, let's go to let's go to the next story. Do we want to do Rolls Royce? Let's just get that
Starting point is 00:59:24 knocked out of the way. By the way, just for story Do we want to do Rolls Royce? Let's just get that knocked out of the way by the way just for some of you guys that buy Rolls Royces for living Rolls Royce went and had their biggest year ever Rolls Royce Harolds momentous year as car sales exceed six thousand for the first time For the first time in a hundred and eighteen year history the company saw particularly strong You're on your growth in the Middle East, Asia Pacific, and US, and Europe in 2022 with a single digit drop
Starting point is 00:59:50 in sales in greater China. Interesting. So China bought fuel rolls, Royce, everybody else bought more, which was successfully counterbalanced by increased sales in other markets. Some 6,021 cars were delivered to customers last year, an increase of 8% from 2021 with demand for all models remaining exceptionally strong and advanced order secured Far into 2023 the value of bespoke bespoke
Starting point is 01:00:13 commissions also reached record level highs with clients willing to pay around a half a million dollar half a million euros for a unique Rolls-Royce Adam What are the chances of you one day on a girl's Royce? Well, thank you for teeing that up You know, I was talking to my Rolls Royce dealers that I do. Wait, I'm all right. I've got a couple. I'm vetting them. Yeah, just to make sure I'm getting the best deal on the rolls. I will say that, you know, my Royce, the most middle eastern. My rolls
Starting point is 01:00:40 Royce dealers know your Rolex dealers there and communicate in the general to for one deal. I don't know what percentage of the world is even looking into buying a Rolls Royce 6,021able. Yeah, okay. So out of eight billion. Out of eight billion. Yeah, this is a very small market.
Starting point is 01:00:55 But I guess where I'm going with this, is we just read the article about if whether it's a Rolex or an automars per cat or what's our other friend. Yeah, yeah, all the way. Or Philippe, you know it's expensive when you start talking like this. And that's not even your accent. All the sudden I'm talking about that.
Starting point is 01:01:11 And Philippe, I got out of nowhere. But like the first things to go are your wants, right? Like you talked about whether it's watches, anything with the motor, cars, you know, boats, motorcycles, all that. So I guess my question is I'm grappling with if all these wants are going down luxury goods, why are rolls is Royce going up? Because my guess is the rich have gotten richer,
Starting point is 01:01:35 support got poor. Like you could be a paycheck to paycheck guy, you can make a hundred grand a year, and you're like, you know what, I kinda want that freaking Rolex. And you'll spend some money on a watch. You ain't doing that with the Rolls Royce. Rolls Royce is for the elite of the elite of the elite.
Starting point is 01:01:51 It comes with the drawings, exactly, I mean. So right now I'm just negotiating with my two or three Rolls Royce dealers and jumping to see what I can come up with right now. But now's a good time to find these luxury assets on a good, I'm good. We agree with them the fact that to the rich, you know, by the way, I just did a number right now.
Starting point is 01:02:09 If a person bought a Rolls-Royce yesterday, 6,021 of them sold. We got 8 million people. You ever heard that song? You're one in a million. You're one in a million. You're officially one in 1.328682 million people that bought a Rolls-Royce.
Starting point is 01:02:23 A lot of it. How much is a Rolls-Royce? How many 100 million? Half a million. lot of it. How much is a rose rose how many hundred million half a million? Yeah half a million like I'm just The phantom that's the world. The phantom is gonna be 650. It's more gone is gonna be 400 grand a ghost is gonna be 350 Drop head you dropped you're looking at anywhere between 350 to 700,000 I'm much is a made back of May is about 300,000 hours. Oh, by the way, congratulations on the new car. I just saw something out there.
Starting point is 01:02:50 Yeah, I love that car. Tell me about that car. But so you got rid of one car to get this one? No, I didn't get rid of it. The other one is in the garage. You're just just sleeping, it's chilling. I just trying to get rid of it. But this one, the Porsche Turbo S.
Starting point is 01:03:01 It's sick. Cabriolay, oh my God. Ridiculous. I am in love. So you're not getting in. I'm not even kidding with you, I'm in S. It's sick. Cabriolay. Oh my god. Ridiculous. I am in love. So you're not getting in. I'm not even kidding with you. I'm in love. That's sick.
Starting point is 01:03:10 Now, yeah, I mean zero to 62.2 seconds. Comfortable. Comfortable. It's big. You have to sit in and take a little bit. I can't. Yeah, I'm going to take you because it's small from the outside. No, I'm going to take you.
Starting point is 01:03:20 You're going to see how it goes. You have a deal. You're going to sit there. You're going to say, holy shit. You'll see one of flights. It's an amazing drive. And so bad, when you drive a car, that's worth, okay, that's a really, that's a house. $460,000.
Starting point is 01:03:31 Literally. Like, somebody's driving that for you, you're not. People, I don't see that many people that that, if that's your car, because, bro, any dink, any, anything, that's like a car, like, you have to pay, like, how much, 10,000, anything on,
Starting point is 01:03:45 any damage under this, your rams, your everything, it's ridiculous. First of all, when I had the dawn, I had a flat tire, Tom, you can correct me if I'm exaggerating, okay? Over a two-year period, I drove it every day. Yeah. How many flat tires did I have?
Starting point is 01:04:00 Honestly. In two years? In two years. Two of them are. Two of them per month Also, you weren't you you you you you called Jen right now No, I remember the but I remember the first one where You call the number you suddenly hear helicopters overhead
Starting point is 01:04:17 Guys are dropping down on ropes and they're suddenly changing the changing your tire and apologize I had I probably had 12 flat tires in two years with the roads. That's why, let me tell you what happened. Here's what would happen. They come, they pick it up, they go change the tires. No one bitches, they bring it back to you. That's the service. It's ridiculous.
Starting point is 01:04:37 Well, I would hope you get that type of service that's been a half a million dollars. Don't get that service with Mercedes. Oh, no, you don't get the service with Mercedes and you can spend a couple hundred thousand out. No, no, but million dollars. I don't get that service with Mercedes. Oh, no, you don't get the service with Mercedes. And you spend a couple hundred thousand out. No, no, but that's still, but you get the service with them. The level of details, like the leather they use inside
Starting point is 01:04:53 is with cows who have never had mosquito bites. What are you joking? No, no, I'm telling you. Oh my, no, no, I'm telling you like the stuff, the story, when you see the story behind what they do. The floor nets to real walls, like the brush, by the way, the hand, like what do you call a steering wheel.
Starting point is 01:05:10 The leather on the steering wheel, it's like only four people in the world that sow all of them on. And the way they do it, it's like the more and more you hear those stories, everything is like hand, the clock in the middle, the watch in the middle, the level of ingenuity
Starting point is 01:05:26 and detail to attention to the cell. On the rolls, it's ridiculous. So just don't go to a Rolls-Rolls dealership because when they start talking to you like this, you literally, all you're like, you are gonna buy your Rolls-Royes. I don't. I can't. I can't. I can't.
Starting point is 01:05:43 You will max it out your credit cards and get a Rose Roy. I don't care if they're expensive. Rose Roy is cheap. That's what they're gonna do to you. And you're like, oh shit, man, I got a rose. I should buy a rose. I don't know, but I got it. It's a bad credit.
Starting point is 01:05:55 It's a mom's credit. On the inner of the Rose Roy's on the dashboard, you know, they have the clock. It's very fancy clock. It's actually built from human skin that has never had a mosquito. It's crazy. That is's very fancy clock, it's actually built from human skin that has never had a mosquito mask. It's crazy. That is insane.
Starting point is 01:06:07 That is insane. But by the way, here's a little tip to save that money. If you're interested in a Rolls Royce, here's what you do. You go to the car dealership, you go right up to the dealer and you say show me where the Chrysler's 300's on. You go buy that. Same car.
Starting point is 01:06:20 You go steal the Rolls Royce insignia of Patscar. You glue that on. You take your girl, not to a hot date restaurant. You take her to public. Like, now we're saving that freaking money. Look at that. We're driving Chrysler 300s. We're not driving rolls.
Starting point is 01:06:34 We're not eating out at the fancy restaurants. We're saving money on eggs. This is your game plan for 23 of the games, gentlemen. I think this is good. I'll tell you why I think it's good. Because there's a lot of people that are taking pride in their work who will never own a Rolls Royce that are building them and have jobs at that company. Yeah.
Starting point is 01:06:53 Get back to the biz stuff. No, no, I mean, people say, oh, they're richer getting richer. Yeah, but they're buying things that are built by other people who have a really good job doing that. So I kind of look at it as net benefit benefit because there's there's there are four or five people that make whatever they make a year that are sowing leather and they're doing leather selection and everything. What do you do? I do leather selection for Rolls Royce. So it's perfect. Yeah. That's a car same. By the way, once every podcast I try to give the biz doc shout out for when he
Starting point is 01:07:22 hits nail on the head phone. Here we go if you hate rich people Listen to what Tom just said for all those 6,000 people that are buying rolls Royce is out there How many jobs as this created whether you're doing the leather and the wheels and the steering wheel all this stuff or you're selling one in Miami? Oh Jobs are being created because rich people want But you guys you know this is totally random, but that's how my brain works. Do you think those Rolls Royce cows know that they're like, first of all, they're all mosquitoes, they don't want,
Starting point is 01:07:52 and pack number two, wait a minute. Because all the other ones are gonna die and go to whatever. And they're like, guys, when I die, I'm gonna be seats and a steering wheel. And you guys are gonna be boots on some idiot. Enjoy your McDonald's path. Yeah, Vinnie, I tell you, one of the greatest salesmen, I appreciate it so much.
Starting point is 01:08:10 One time myself, Jennifer, Steve and Taline, we go to a restaurant in San Francisco called Alexander, something like Alexander Steakhouse. So can you tap in Alexander Steakhouse? And where is it? It's in San Francisco. I've heard of that. Yeah, so we go to this restaurant and a waiter says,
Starting point is 01:08:25 would you like to hear about our special beef and steak that we have? Of course. Yeah, I'd love to. Mr. Jones will explain it to you. Another guy has to come. So guy with a British accent and whatever, his name may be something else, but he shows up.
Starting point is 01:08:38 Fake accent by the way, just looking like money. Yeah. And he starts explaining this steak that they have from Australia. He's I say how much is this? This is $12 pounds, $400. As a $12, $100. I say, it's okay. It's solid to me. Okay. So me and Steve are like, dude, we have to try this. So me this pen. Right. What's your name? Here's what's so special about this beef. Number one, it's been listened to classical music. I'm telling you, it's been listened to most art only for this music.
Starting point is 01:09:06 It's entirely Beethoven, Mozart only. It has the best kind of beer every day. Oh my God. It gets massages every day, zero mosquito bites. You are possibly eating the best meat beef you'll ever eat in your entire life. It melts in your mouth like ice cream. So I said, either this guy's full of shit. I want it.
Starting point is 01:09:30 Yeah. So we order it. Okay. No joke. It shows up. I'm getting hungry just thinking about this. Oh my God. I'm hungry.
Starting point is 01:09:38 Look at it. I got the meat. Why'd you do that? That was like QT's. So I got the meat. Vinnie. You know what happens? The meat falls falls and you know how jiggles like Jello. No, it's still jiggling. It's like five seconds. So good.
Starting point is 01:09:50 I put it in my mouth when I eat the steak. Take a bite out of it. I had a moment with God with a spiritual moment. You heard most of it. It was so good. It was insane. That's how good it was. Steve eats it, he has a similar reaction. So, you know, a part of this is this story where it's kind of like the audience is sitting there saying, I don't know if you're full of shit or not, but I want it. And part of it is if it delivers, man, kudos to you.
Starting point is 01:10:16 This thing delivers. So, let me ask you a question, just really fast. Being a cow, would you rather be the cow that's pampered and massage and beer, but you're gonna die? Or would you rather be the guy that just is in that room just like it's coming? Because the other guys, the one cow is like,
Starting point is 01:10:33 they're never gonna do anything crazy to me. I'm gonna live forever. But he knows, he doesn't know that he's in a die. The other ones are just like, they just go out to him and you can feel it. Like you said, they're not listening to music. They're listening to the people, Hicks and people talking to back yelling and stuff like that.
Starting point is 01:10:48 So just nice and calm life and makes you relaxed and the meat tastes better. That cowboy accent and I'll throw you sounds fantastic. Sounds good, huh, brother? Little advice for you, buddy. Yeah. We'll do it. We're doing your dating and everything that you're doing. Why buy the cow if you get the milk for free?
Starting point is 01:11:04 What I'm saying, brother? Why would you? Why have no hot milk? Go ahead and milk that you're doing. Why buy the cow if you get the milk for free? What I'm saying, brother? Why would you? Well, I have no idea. Go ahead and milk that thing. All right, let's go to the next story. There's a rule of thumb, many about steak and eggs. Go ahead, brother. Go ahead.
Starting point is 01:11:14 The chicken's involved, but the cow's committed. You did. Exactly. That's hilarious. All right, so let's go to the next story. Do we want to do business? Do we want to do a little pilot? Let's go to Kevin McCarthy.
Starting point is 01:11:22 Let's go to Kevin McCarthy. All night when it was announced, Adam was texting me, was so fired up. So, Kevin McCarthy elect the Speaker-to-House, ending days of Republican chaos in Division of Washington, insider story. Kevin McCarthy was selected as the Speaker-to-House after a lengthy and chaotic selection process
Starting point is 01:11:40 that took place over several days, McCarthy secured the position after 15 ballots in the early hours of the fifth day of voting. He was able to win over more than a dozen votes on Friday, given him the necessary support to become speaker. McCarthy's victory came after a series of events on the House floor, including the confrontation between two representatives and a last-minute effort by McCarthy to secure support.
Starting point is 01:12:02 The speaker of the house is second in line of presidential succession. Adam, what are your thoughts when you saw this? Did you see how many times it took for him to get elected? Because breaking news, he is now efficient. He's a speaker of the house. You do realize the speaker of the house, third in line for the president,
Starting point is 01:12:19 this ain't no little small task. He just took Nancy Pelosi's job. By the way, I know we have a massive audience, all four of you. There are huge fans of Nancy Pelosi. She is no longer the speaker of the house. The house minority leader is now, uh, how came Jeffries out of New York. New York. Yeah. But I think this was a big deal. This was something that if you like so proper, you know, get a load of this. You saw what happened with Matt Gates and he tried to. Yeah. Yeah. And then the other guy showed up. He tell you. Yeah. It was hard. You know, get a load of this. You saw what happened with Matt Gates and you tried to... Yeah, I was telling him. And then the other guy showed up and told you, and just, you know how they said,
Starting point is 01:12:48 like, you don't watch the sausage get made. You know, Pat, you say something all the time about like the relationship we have with our parents. I'm gonna try to use a metaphor with politicians. You say when you're young, you idolize your parents, right? And then when, as you get older, teenage, you kind of villainize your parents, right? And then when, as you get older, teenage, you kind of villainize your parents, right? But then as you become an adult,
Starting point is 01:13:09 you tend to humanize your parent. I kind of look at that with politics, especially with Trump and everything that happened with him, is you're either like idolizing Trump, right? Or anyone in the Trump camp, or you're villainizing Trump. And what I did genuinely with Kevin McCarthy was, I wasn't trying to idolize him, I'm not a fan,
Starting point is 01:13:31 I'm not trying to villainize him, he's an American, I'm not anti-establishment, I'm not anti-kevin McCarthy, I just genuinely tried to humanize Kevin McCarthy. And I actually listened to his speech. Did you listen to his speech by the way when he became speaker of the house after two days of no, no, no, no, no, no, no, no, no, no. He was still, he was still, his speech was fantastic. It was moving, it was powerful, it was real.
Starting point is 01:13:57 You know, he's got people on the left that obviously don't like him. He's got people on the far right that probably like him, like him even less. The freedom caucus, everything, all the Matt Gaetzes of the world, the Lower and Boberts of the world, Marjorie Taylor Green, but I actually just tried to humanize Kevin McCarthy and the knock on him is he's just like establishment, swamp creature, race, $300 million, but I actually listened to his speech. When I tell you, I was generally moved when he started talking about Lincoln. And I'm sure there's an element of like, you know, diplomacy and being a politician and just kind of just,
Starting point is 01:14:30 but I actually just tried to humanize him for a second. And what he said was sometimes when he's all alone in this chamber, it'll go stand, where Lincoln used to stand. And the back of the room and just sit there and watch everything. And I do it all by myself. And this was the worst time in American history, civil war, and you know, he just kind of got in the moment and I just went with it for a second.
Starting point is 01:14:56 And man, it was powerful. And I'm not a Kevin McCarthy fan, I don't know. Yeah, good for him. I think as an American, we're rooting for our politicians to just get this shit together, figure it out. We learned anything from the midterms. It's like, we don't want the fringe element whether on the left or the right, running the government.
Starting point is 01:15:16 Well, here's a challenge. Here's what happened. I'll give you my take in Tom Vini. I'm gonna hear what you guys got to say. Is the challenge you saw between him and everybody else was a couple different things. Remember, day after January 6th, he got up and he says the president have to do this with a mask on, Kevin McCarthy called that Trump hardcore.
Starting point is 01:15:34 Day after January 6th, I think it's 7th or 8th when he did that. You think he, two years ago. Two years ago. And behind closed doors, he's been saying a lot of stuff about a lot of different people. And people have a memory on what's been said. And so what happens when you're wanting this position, and some people want to Jim Jordan,
Starting point is 01:15:53 and who he's a guy that's a tough, strong guy that's not afraid of going after them, the only thing that he's got on himself is the fact that he took money from Google. But a lot of these guys took money from Google. Here's what happened with this guy. He thought McCarthy, he thought two months ago, three months ago, this shit's gonna be a red wave.
Starting point is 01:16:12 I don't need any of Trump's people. Zero. I don't care what they have to say, whatever Matt Gates or this, or this, or that, or Marjorie, you know, Green Taylor, and Paul No sir, I don't have a hearover. I don't have a hearover. Nothing because it's going to be such a big red wave.
Starting point is 01:16:29 The day it wasn't a red wave. Of course, some say it was worse if for Trump. Fine. You know, a lot of people will say it was a worse if for McCarthy. Because the moment that happened, McCarthy sat there and said, holy shit, I got to go back these guys and I got to make deals. If it was a red wave, he wouldn't have to make deals with nobody.
Starting point is 01:16:50 So these guys went there. You know what's one that asks that they had? The whole negotiation, why it went so many different ones. You know one that asks was, that it was a term limits. One that they asked was term limits. Guess who doesn't want term limits? Any of them.
Starting point is 01:17:01 That's the most stupid. The establishment house. The guys that I've been doing it for 20, 30 years, they don't want to freaking agree on term limits. He wants to put term limits. MacArthur, no, no, no, not McCarthy does. Gates and those guys are pushing for term the freedom caucus guys.
Starting point is 01:17:15 Yeah, so the younger guys, so for me, listen, I think who came out of it strong and I know this is gonna be weird because Bill O'Reilly is like, Matt Gates is gonna pay price for this and the next two, three, four, five years and he's gonna do this Bill O'Reilly is like Matt Gates is gonna pay price for this and the next two three four five years And he's gonna do this Bill O'Reilly maybe right everybody maybe right. We don't know the whole story What is evident is
Starting point is 01:17:33 That no matter how much people try to say about The the Trump camp they did not win the red wave and it hurt guys like him He has to still figure out a way to have a relationship with Trump in the interim. A lot of this stuff is taking place right now where these guys got to figure out a way to get along. You saw the next day where Matt Gates is like, well, I just want to say, we are very happy
Starting point is 01:17:58 and everything's going to be working together. We're going to be unified. We have to get the sting done. We have to do this. We have to do that. He says, look, six weeks, people took six weeks off at the house. What's the big deal between us finishing it up on Tuesday versus Friday and going four more days? There's nothing wrong with it, yes, six weeks off.
Starting point is 01:18:14 You mean to tell me you can't wait four more days? So it did look like the Republicans were divided publicly. And then, you know, maybe they're gonna figure out what would work together, but this isn't about Republicans and Democrats at them. This is my opinion. This is about the guys that are part of the club
Starting point is 01:18:31 who have been in this club for 20 plus years, and it's the new guys coming up that are actually doing this who have a little bit of real vision and stuff that they really want to do, versus the other guys are like, oh, shut up with your, you love America, America's the greatest country in the world. Be quiet, let us do insider trading, let us do this, let us do that.
Starting point is 01:18:49 The guys that have been offered 20 years cannot stand the newer guys because they're making a work. They never like the newer guys that make the older guys work. They're like the squad, they're like the squad. They're like the squad, but you have the squad, they've seen all those guys. Those guys are knowing to Democrats.
Starting point is 01:19:03 Hunter, yeah, that's so that's their equivalent.. Those guys are known to Democrats. Yeah, yeah. So that's their equivalent. Great example. That's exactly what it's like. You said the Matt Gaetz and all these people. And from when I saw Adam, it was just like, the Republican Party, you guys won. You guys don't got your shit together.
Starting point is 01:19:15 And I get it, there's all Trump in this. But it's like, a Democrat kind of was in the running to get the speaker of the house. Like, what are you guys doing? You have this great opportunity, just like you said, get to what the hell's going on? Like this is a moment where everybody could show like working together that unity sub,
Starting point is 01:19:32 but like you said, to get those establishment people out, bro, you're not gonna budge. Those people are moving, bro. They set the rules so that they can have that forever. I don't know if you watch and pretty try them. Some of those judiciary here is where like Chuck Grassley, they look like they can have that forever. I don't know if you watch and pretty try them. Some of those you're just sharing here is where, like Chuck Grassley, they look like they're 105 years old. Well Chuck Grassley is.
Starting point is 01:19:50 He's 100 years old. He's 100 years old. And as I brought, those people are making decisions. The Joe Biden and these people, they're making decision, bro. And I love my mother to death. She's 75. When I talk to my mother, you can tell, she's doing fantastic.
Starting point is 01:20:02 That's not some money that I would be like, my make a decision on, she's out of the loop. When somebody's 80, some years old and whatever, we're giving 90 Chuck Rassinum, you're making decisions for right now. I just don't trust you. And yeah, there's people whispering in their ears, but come on, we need that real change.
Starting point is 01:20:17 That's the real change. It's let the younger people come in there, just like you said all the time, Adam. Put a 45 year old president in there. Can we see that guy? And just going off of that, Adam, I'm dead serious. This week I'm doing the Gavin Newsom pre-bat in Vegas. I'm not even joking.
Starting point is 01:20:31 That guy, because he just did something too, he's doing something presidential. He just made a comment, Rob, where he said, he just said something he got controversial stuff about. What's that? I don't know what it was. I think it was yesterday, he said something about California, something controversial, and they're like that's the that's the candidate
Starting point is 01:20:47 There's like three different news outlets including Fox. They're like he's gonna be the They just said Biden's about to come out and announce his candidacy that is running He's announced his run, but he ain't gonna run. It's so it's like a low By the way, I hope he runs. Yeah me too. I hope he runs on the flip side It is embarrassing That they they even are allowing this guy to go through what he's going through. It's embarrassing. You know, you know how, you know how, at the end of Reagan's career, what was happening to Reagan? He was having his...
Starting point is 01:21:18 Yeah, Alzheimer's. He had Alzheimer's. We had a relative who had a, who had a, what do you call it, aneurysm. And he did not look good the last six months of his life. And this is a man that's a very handsome, what's going on? What are you doing here? You want water?
Starting point is 01:21:34 Yeah, okay. So there's this man and our family, good looking guy, very famous, influential, unbelievably known in the Iranian community. But when he had his aneurysm It was not a good look on how for him to be remembered the last six months have you noticed that Michael Schumacher? You don't see any images of them Their family does a great job protecting his legacy driver Yeah, the Schumacher had a terrible
Starting point is 01:22:01 Accidents skiing accident like he's pretty much, he's not doing well. He's on his way out. He's dead. He's just, he's got nothing, and the family has done such a good job protecting his legacy. What do you only think we remember as that face
Starting point is 01:22:17 with the red uniform, right? It's smart. I think if Joe Biden's a father of mine, or a brother of mine, his wife, I would sit there and I would say, look, the legacy, you don't need a second term to be president. Your one term is your president. If you're like this right now, the way you're talking, how the hell are you going to be talking in 2027?
Starting point is 01:22:41 Okay. Listen, thank you, husband, thank you, dad, thank you, brother, bro. Let's just kind of kick it and let somebody else that's younger, go compete for your spot, which is Newsom. And again, I'm talking on the Democrats. I'm not talking on I won Newsom. I'm just saying on the Democrats. Let's go let somebody else go run, but it's time. It's not, there's a part where the family's got to step in and say, pops, you got it. You got to kind of kick right now. So Pat, why do you, so as thinking as on the democratic side,
Starting point is 01:23:09 what, why do you think that they're, because I mean, they're up, he's an announcer, that means they kind of want him to, is that who they want to go against, Newsom, because he'll have, you know, it'll just be a landslide or is it that they don't have anybody else really to go against Newsom, who we know is gonna be the frontrunner, we're not stupid.
Starting point is 01:23:23 Let's see what happens, what happens with Newsom. You happens when you saw what Neil deGrasse Tyson said yesterday. It was very powerful what he said yesterday. I said, what are indicators of success? Okay. And part of the discussion about schools, which is writing a book on. I really am curious to know what he's gonna talk about with the new schools. He says, okay, four indications of success for a kid. One is grades, but that's only one of four. Two is social, how they are with people. We never grade that. No one gives a shit.
Starting point is 01:23:49 You were socially good. You're probably socially very popular in school, but that's what one of the two, right? Three is ambition. Hey, the kid wants to do something big with his life. You know what the fourth one was? Capacity to recover from failure. Okay.
Starting point is 01:24:02 Do you realize, Nusom, his opponent once asked him a question that the stuff that he did with his brother or whatever, whatever the stories that he has and the way he handled it and you know, Nusom to get the criticism that he's gotten all these years and guess how he handles it? Of course, he's not a good person that you would want to be best friends with. The new sim is not on the list of, you want him to be a running mate. That's not that guy. But for a democratic candidate to be a face,
Starting point is 01:24:34 the guy has access, the guy has overcome negative publicity attacks on him so many times, he is the ideal candidate for the democratic side. The ideal candidate is him. Believe it or not, the recall is the ideal candidate for the democratic side. The ideal candidate is him. Believe it or not, the recall is the ideal candidate for him to be a politician that's gonna handle a future impeachment that Nusom may go through in 16 years.
Starting point is 01:24:53 Yeah, I agree. Okay, so if you're looking at it from that standpoint, Nusom's your guy. Pat, let me ask you a question because what we're talking about is, we talked about term limits and everything like that in this capacity, but we're talking about people 75 plus. These are superseder citizens.
Starting point is 01:25:09 We chuck Grassley's 97 years old Alan Greenspan, which is just 97 years old, former chairman of the Fed, Biden's 80, Trump is in his late 70s. You know, let's use your data as an example. One of the wisest best men I've literally ever met in my life, father figure. He's 80 years old. So here's my question. At what point is wisdom and experience the deciding factor versus, you know, old and out of touch? Because I feel like in this country, you know, we don't cherish the elderly or, you know,
Starting point is 01:25:44 our grandparents as much as maybe in other countries. I feel like, oh, he's old, get him out of here. Where does that, like, for instance, you have a very close relationship with your dad. Your dad's not trying to run a company right now. You see, 80 years old. Where does wisdom, experience, knowledge, all play in versus being kind of old out of touch, not having it anymore? Oh, I mean, you're sports guides like,
Starting point is 01:26:05 hey, Michael, it's time. Kobe, you shot 35% from the field. That's not good. Rob, your mic is on. You shot 35% from the field. That's not good, okay? You know, this is not, this is a good time for you to walk. You don't 20 years, you know, it's time to step away, right?
Starting point is 01:26:23 Hey, you know, Albert Poohol's, you cross 700 home runs. If you think you can do 20 and you're going to play DH and you play 81 games, to maybe get to the 750, six mark, I don't know, the 765 mark, I think bonds got that number. And steroids has not been linked to you. You kind of went under the radar during the steroids era. Go for it. But just know, that's the role you're going to play. Those conversations are the hardest conversations to have, but it's typically a person tough enough to have that conversation with that individual to say, look, this is just not your strength. It's time. You've contributed, you've done your part. You're a great citizen. Go be a grandfather.
Starting point is 01:26:59 Your grandkids want that time with you selfishly. Go tell your grandkids, your great-grandkids some stories that one day they're gonna write about in a book when they run for office one day. That's an important legacy. It's no longer your job to go out there and do this. So for me, the younger person coming up, typically has a lens that the older person may no longer have, and not only that,
Starting point is 01:27:21 they don't have that reason to wanna prove a point anymore. The other person does. The person that's coming up has more of a point to prove to say, here's what we need to do. That's what we need to go. Here's what we gotta do. There's a part of that that you want somebody younger. But with wisdom, counsel around that they're giving you advice,
Starting point is 01:27:39 this is why a lot of time when people retire at 65, seven years old, what did they do? They go get five board seats. Why did they get five board seats? I got 50 years of experience and free enterprise capitalism that I can give you some counsel on what to do in the insurance industry.
Starting point is 01:27:52 Let me be a board member. Be a board member, but no longer a CEO. The job of a CEO requires a lot of energy where you don't get lazy and tired in the middle of an issue where you say, ah, you know what, just keep trying to exactly what they want. I'm tired. We've been going back for six weeks. No, versus a 48 years, gonna be like, say, ah, you know what, just keep trying to exactly what they want. I'm tired. We've been going back for six weeks.
Starting point is 01:28:06 No, versus a 48 years, gonna be like, no, no, no, no, no. I don't care if we go nine more months. We're not giving this to you. No, no, we're not doing this to you. What is wrong with the sky? He's 40 with a lot of energy. The other ones 80 years old,
Starting point is 01:28:16 and this don't want to go to sleep. By the way, I think that was the perfect answer, especially the end of it, where it's like, use the agent wisdom to give advice, give counsel as a board member. It might be tough to be the CEO. So let me ask you, let's use a case example. If you could pick one person to be in Biden's ear and one person to be in Trump's ear, who
Starting point is 01:28:38 would that person be? Go with me here. Who would that person be? And what would that message be to Trump and to Biden, in your opinion? I don't know how effective he is today, but I think Biden could hear and get some counsel from Jimmy Carter. So I don't think he's gonna believe Clinton,
Starting point is 01:28:54 whatever they say. I don't even think Democrats trust Clinton. So I think they always think there's a motive there. I think he will trust Jimmy Carter, because Jimmy Carter has got nothing to gain or anything. If he's still able to communicate, I think Carter would be somebody good. I don't even know if Obama would be somebody good.
Starting point is 01:29:09 I don't think he would sit there because Obama's always got Obama's still young and ambitious, so he may give Kessie his wife, maybe. I think Biden's wife, maybe like, I don't like what Brock just said. Forget about what he said. I think if Jimmy said it, I think he may listen to Jimmy.
Starting point is 01:29:21 I don't know. Again, I'm just speculating. I don't know these. We're playing a game here. On the front side. I I just had a very I had somebody over at the house this weekend Who was his right-hand guy at one point? I'm not I'm talking to somebody that was a former mayor of a very big city The financial capital the world the American mayor and we spent four or five hours together this Saturday We a lot of interesting conversations together. We didn't shoot a video. We didn't shoot us and hours together this Saturday. We had a lot of interesting conversations together.
Starting point is 01:29:45 We didn't shoot a video, we didn't shoot a... Nothing, it was just conversations we had together. I don't know. I don't know because what Trump has going for himself is 60 years in business. So many people's lives, you may have changed that backstabbed you. So many people's career that there were no bodies you gave them a shot they work with you and they use that on their resume to get the next job to become. And then they turned their backs on you
Starting point is 01:30:11 and they said something you saw the clip you're like, wait a minute, did you forget 17 years ago you were crying in my office those moments people remember I remember I remember a guy named Michael and my office crying 16 years ago we're in Grenada Hills and he says one day when I make it I'm going to tell, you change my life. I will never forget these late night conversations till two o'clock in the morning.
Starting point is 01:30:29 10 years later, he backs that, you know what I'm like, oh wow, so if I'm on like a this level of what I experienced at 35 years only, did that to me, what makes you think what he's gone through? So I don't think he trusts anybody. I don't think he trusts anybody. I think the amount of people he trusts is actually less than this.
Starting point is 01:30:48 Wow, I think so too. Like if you can, by the way, by the way, let me put it to you this way. Let me rephrase the statement. Trust and respect, not just trust. Trust, I think he trusts a lot of people, okay? But trust and respect their opinion is I think less than this.
Starting point is 01:31:04 I think there's one person out there when you think deeply about it. It'll come there and I don't think it's Don Jr. I don't think it's Eric. But there is one person out there. I think he really respects and he knows has his absolute best in mind. That's Ivanka. Yeah. The relationship with his daughter is the strongest of any of his kids.
Starting point is 01:31:21 And she's always strong strategically, but then stays out of the spotlight. And he said, oh, Jared wants this, so that, well, that's a power couple, there's some of that. But I think he would listen to us. I think he would listen to a vocal. Let me ask you this, because he is running again, obviously. Don Jr. is going to play a major role, so is Eric.
Starting point is 01:31:43 But Ivanka and Jared for that, Jared Kushner, have already come out and said, we do, we want no part of round three. We are out of 2016, 2020, took its toll on us. We're building a home in Miami. I know all about that. They want no part of this. What, how much does that play a role in your opinion
Starting point is 01:32:02 of not having her in his corner this time around? I think that's big. And I think if you take a look at Trump right now that there's like little, he could use some firmness on the strategic rudder. I think he's the same guy, but I think he could use a little firmness on the strategic rudder.
Starting point is 01:32:20 I don't think he would have had a particular dinner with a particular guest and thus things were that we all know about two months ago before the whole holiday Nick went this thing. Yep. I think things like that, if he had a stronger rudder, you know what I'm saying? Like a quarround him. Hey, dad, I don't know if this is the way to do this.
Starting point is 01:32:39 Can you pull up the Vegas odds real quick by the way we're having this conversation about the presidency? Yeah, yeah. Yeah, she can probably, I mean dude, Ivanka, maybe she's just being quiet. She's like, I'm not going to talk about this.'re having this conversation about the presidency. Continue talking. Yeah, she can probably I mean dude a vanc maybe she's just being quiet. She's like I'm not going to talk about this. Maybe she's thinking about the future. I mean, I mean, maybe she could run sometime down the road. Well, you wouldn't see that.
Starting point is 01:32:53 I don't see that. Ivanka Trump. Let me just throw something crazy out that there's rumors of a 1400 Adam. Yeah. You know, the rumors are now. Go ahead. Go ahead. Well, these are the odd. Everyone you're on the show that i don't look at pew i don't look at quinnon p.a.c. I don't look at a bc i don't look at fox
Starting point is 01:33:11 vegas pulls because they have money on the line skin in the game they have money to win or lose this is the numbers i look at so ronda santis the clear favorite to be the president of twenty twenty twenty four twenty twenty four ronda santis plus two twenty five trump at plus three fifty the clear favorite to be the president of 2020, 2024, 2024, round of Santa's plus 225, Trump at plus 350, Joe Biden slightly behind Trump at plus 400, and then a steep cliff fall off, and then Lukus name is right there. You got Gavin Newsom, Kamala, I think,
Starting point is 01:33:37 has no chance, Pete Buttigieg, Mike Pence, Nikki Haley, Michelle Obama. These are all 1,000, 2,000, 2,000 chances. Glenn Youngkin, nobody knows you. The rock still somehow in there. And then you got just the fact that Hillary Clinton's name is still in there. But I'm telling you right now, the gambling bet, not the short bet. I'm telling you, just the bet where, because your Democrats say what you want, they know
Starting point is 01:33:58 how to win when it comes on this. Put your money on Gavin News. I'm saying this right now. I'm not rooting for Newsom whatsoever. I'm not either. But let's go put some money on this. Put your money on Gavin News. I'm saying this right now. I'm not rooting for Newsom, what's the one? I'm not either. But let's go put some money. You don't? Put 500 each.
Starting point is 01:34:09 I'm down. Scroll up by the way. It's 1400. Okay. I say you guys put 10,000 X on there. There we go. 10,000. I gotta bring it back.
Starting point is 01:34:18 Take it back. By the way, I would say shit. Go to the blackjack people. All in. Matter of fact, Pat. Pat. Be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, be a, write it is boom yeah, I mean it's actually it not a bad bed to be on not even a little bad bit however however go let's go to the descent is harder can you go to the descent is out the secret to the secret to run the census by the way the folks who sell Rolls-Royce
Starting point is 01:34:58 contact Adam and Vinny they're about to buy rolls Royce they probably shouldn't buy shout-out to our sponsor yeah rolls Royce I the secret to run the centrist's success ignore Donald Trump and attack business instead. Florida governor on the centrist has been compared to former president Donald Trump for his bag of dosias, personality and his response to COVID-19 pandemic. The centrist mimicked Trump's style at a rally in Sarasota by tossing baseball caps to the crowd
Starting point is 01:35:20 and claiming that his leadership has been essential in saving businesses during pandemic. The sugar industry was probably more in Adam Putnam's then-day-the-ever bin for any politician says Peter Shorsh, publisher of newsletter, Florida politics. He was their golden child. The Santos, on the other hand, has voted against sugar subsidies as a congressman, as one of the state's most powerful industries, pounded him with millions of dollars and negative ads, many funded by dark money groups the santa's stuck back branding big sugar as a major
Starting point is 01:35:48 polluter and aligning himself with eva everglades foundation a conservative conservative conservative conservation group co-founded by the billionaire hedge fund manager paul to the jones who became a major campaign donor okay so the santa's strategy ignored Donald Trump how long will bed work? I mean it can't go that much longer. I mean it's getting crunch time on the two years Well until they both step into a real ring in South Carolina or One of the primary states. I think he can do that until they actually step into the ring By the way, can we just put something to bed for once and for all officially here on the PVD podcast? What episode number is this? 224.
Starting point is 01:36:26 Can we just put this to bed? Ron DeSantis is running for president in 2024. Can we stop with the charades? You're the leading candidate for presidency of the United States. The whole charade of like, well, I'm committed to Florida. We'll see how it goes. We're past that. When you've passed Donald Trump and the current president of the United States in the polling for the likely favorite
Starting point is 01:36:51 You're running for president. So here's my question. I'm having trouble understanding. Can you and pass that a little? Yeah, I'm saying that Ron DeSantis is running for president enough with the game And I forgot which interview path that I saw where somebody was like Going up what you just said that like he cannot. This is that you know that moment in your life. This is a he can't have a meeting and be like, all right, Trump, you be the president. I they have to over. I'll be the vice president right now is this is his presidency.
Starting point is 01:37:19 That that is the strategy working. I mean, the question is the following guys. Let me go back to the question. 100% strategy of ignoring Donald Trump. Here's the question. Let I mean, the question is the following guys. Let me go back to the question. 200% strategy of ignoring Donald Trump. Here's the question. Let's stick to the question. Strategy, how long will it take for you to ignore until you have to attack?
Starting point is 01:37:33 I think one more year, I think one more year and he's gonna get the gloves are coming off. I gave my answer. The soon as they both have to be in a primary and they have to say something. To each other. There's no, I'd say one year, Pat. One year then it's gonna be bow. Yeah, there's no, I say one year, Pat, one year, then it's going to be bow.
Starting point is 01:37:45 What do you think he's going to say? What is the shot? What's the first shot fired from like the moment Kamala went after biting into debate. Everybody was like, Oh, shit. Yeah, racist or the moment. I'm right here. I'm right here. Yeah.
Starting point is 01:38:01 Or the moment or the moment who went after Kamala with the girl, the woman told she went after. Her campaign was over that day. When she went after her. Absolutely. Okay, okay, you're done. Andrew Wings off, you're off next week.
Starting point is 01:38:16 Eight people. Yeah. Okay, so what is he going to attack? What is he going to attack? DeSantis? Yeah, what is he going to attack? I got it going to attack? But DeSantis? Yeah, what is he going to attack? I got it. Tell me.
Starting point is 01:38:27 I mean, he has to thread this needle because he needs the, he needs MAGA country in his corner. But he also has distinguishes himself. It's kind of like the conversation we just had about the CEO board seat guy. It says, Trump, respect. Thank you for your service. You've done amazing jobs.
Starting point is 01:38:42 At the same time, you've created this climate in this country where Americans out of each other's throat. I want to be the person that unifies America. Thank you for everything you've done, your policies, everything you stand for, amazing. I'm with you in your corner, but America's looking for something new and something fresh. And I think I can be that person.
Starting point is 01:39:05 So, Maga, I know you're out there. I know you love Donald Trump. I'm with you. I'm gonna take on the leftist and the woke is, I'm gonna be there for you. That's like the last thing he's gonna say. What do you mean? Dude, what happened to you?
Starting point is 01:39:18 What did you have for breakfast today? Like, you gotta stop eating cereal. I learned through this new book, Jenna's reading. Well, Jen read that. Cereal, tell me why I'm wrong here. Because I actually think I'm spot on. Adam, those eggs were bad.
Starting point is 01:39:28 Yeah. He has to, he has to, he has to walk a tightrope between balancing Maga, but also winning a general, general population. What do you think? What do you think? I think he, he has to do counter. So if I'm sitting with him
Starting point is 01:39:46 with the santa's would run the santa's i'm sitting there saying instead of figuring out what you're gonna say here's the forty things that trump's gonna say how are you gonna counter which ones are worthy of counter which ones you deflect and you just move on with okay so what is one thing a hundred percent trump is going to say to the santa's here's one thing is's going to say. If I don't come and give that endorsement, he barely won governorship without me. He would never be governor right now. Florida would have a democratic. So you're welcome Florida. He's gonna say that.
Starting point is 01:40:14 Okay. Okay. You're gonna lost the Andrew and by the way, by the way, true. Just so you know, it's a stark right. Yeah. 100%. He's right. Okay. So that's 2016, meaning it's a long time ago, it's going to be eight years removed. You could be right a hundred years ago. What's right is not about his story. Right is right. Okay. Keep going. So he's going to say that.
Starting point is 01:40:36 And what's the synthesis answer to that? He has to say, I'm very grateful that you came out. You're right. It was right. So yes, this is the Santos's right rebuttal. Me winning the first election, you had a lot to do with it. But me going from 34,000 victory to one and a half million, that's me, not you. That's powerful.
Starting point is 01:40:56 So that's powerful that he's got to go back and forth. I stood up to COVID. I responded to the disaster. Yes, what the voter is going to say, even Maga, because everything's about he needs to win the Maga vote. He's not, he needs to win the maga vote. He's not, he already has the Republican in his vote, but the maga vote, the maga vote, they're gonna say, it's gonna, right, you know what I'm saying?
Starting point is 01:41:12 It's kinda right, it's still up to COVID, it's still up to Disney, it's still up to education, he responded to these disasters, he kinda did that. Wow, listen, everything you're doing is pretty much the policies that I would have done. Yeah, for sure. He's just doing policies, like he's got like, he's mimicking a copy and everything I did. You know, you're okay. So he's gonna say, well, I give credit to great
Starting point is 01:41:29 policies. These policies, those policies, these policies, you were right. They were great policies. What we did different that you didn't do was this policy, this policy, this policy. And those ended up working out in our favor. But yeah, partially he's right. There's the policies that you did right. We were gonna duplicate and the ones we added, here's what we did. Okay. But I've made this, I've done this, I've done this. You don't know what it is to do this. You're right. I've never had a multi-billion auto business. But the benefit I have is I have proved to show that I was the governor of the state that got the most criticism over any other state in America. And I was the governor of the state that stood behind parents, stood behind moms,
Starting point is 01:42:07 stood behind homeschoolers, stood behind people that wanted a choice, stood behind those guys. And we showed that the right formula of how to react under the pandemic, the only, the one that led everybody else was the state of Florida. I get credit for that as a governor, that state. And that's given me the credibility and a moral authority to now run for office to be
Starting point is 01:42:30 America's president. So that's the second one. Then he's going to, I mean, he's going to come back. What the Sanctus is not going to do because the Sanctus is, as much as he is, a very much of a counter, you know, what do you call it? Counter-puncher. He also knows where not to go. He's not gonna go family.
Starting point is 01:42:49 He's not gonna go kids. They're gonna try to get the Santus to talk about. How do you feel about the fact that the president's been married three times, he's not gonna say nothing. He's gonna try, what do you think about the, you know, link to this and link to that, he's not gonna fall for it. How about the generous, Pat? What do they bring up, like Like how he respawned?
Starting point is 01:43:06 He's going to defend Trump. Defend Trump? Okay, guys. He's going to defend Trump. He's going to defend Trump. He is going to defend Trump until it comes down to him, showing that I am my own man. Got you. That's what's going to happen.
Starting point is 01:43:17 Because the Sanctus is not a Trump mentored guy. It's an endorse. Those are two different things. A mentored requires loyalty. An endorse is just thank you, man, I'm grateful. I appreciate you. Do you understand what I'm saying? The difference, there's mentored, there's indoors.
Starting point is 01:43:31 Mentored requires loyalty. En dorsed only requires respect and thanks. Gratitude. So the cent is in out of dummy. He's gonna be solid and Trump's gonna play Trump. And I think there's no way in the world, Trump's all of a sudden gonna turn into saying this new guy that's not gonna go and do anything with him. No, the only thing that could happen is if the conversations lead to something happening
Starting point is 01:43:58 with the court that it's gonna be very, very, very, very ugly, then the census has a card. And you know what card that is? What card is that? It's going to be very, very, very, very ugly. Then the sentence has a card. Yeah. And you know what card that is? What card is that? If they go out to Trump, I don't think you caught what I just said. What you got to say it again? Let me say one more stuff.
Starting point is 01:44:12 If notes and peachmen, who gives a shit about impeachment? If they go after him court wise. Trump. Trump. You're unelectable. Not unelectable. Oh, the class of my document stuff. None of that.
Starting point is 01:44:24 If the stuff is like, listen, here's what's going on with America, man. You know, all this shit that you're finding about a Elon Musk, they're targeting him. If you try to target anybody and use billions of dollars of government resources and lawyers, you're gonna find something on everybody. Good luck, hey, America, we learned something today.
Starting point is 01:44:38 All of you guys got some shit on your closet that you're dealing with financially, they can find it, okay? If they want to target you, they can target you. They can target you. They can target you. They can target everybody. Okay. So, Trump is the second most hated man in America today, the most hated president living
Starting point is 01:44:56 alive today. He's number one. And if they go after him, they're going to find a lot of things who's got 50 years of history, taxes, records, a bunch of different things. Deals, he's gonna need the P word. He's gonna need the P word when somebody becomes a president. Protection? No.
Starting point is 01:45:14 Part P word and heart. Pardon, wow. Yeah. If it goes that route, and it's just gonna be like my first position, one, I'm partying this, two, let's get to business and do what America needs to be done, okay? And it's just gonna be like my first position. One, I'm pardoning this. Two, let's get to business and do what America needs to be done.
Starting point is 01:45:28 Okay? No one's perfect. Here's a pardon. Let's move on. Then he gets the support. Then Trump can go golf and spend the rest of the time with his family and all that other stuff. Again, remember what I said. Don't put words in my mouth. I said, if the government keeps investigating and trying to find shit constantly over and over and over again Yeah, to make his life a living hell
Starting point is 01:45:49 Where for the rest of his life he has to deal with tax I R S bullshit bullshit He's eventually gonna be like listen man. Just give me this. I'm gonna go play golf I'm gonna go hang out leave me alone. Let me spend time like you and I didn't and I think this is gonna hurt There were probably a party because think about that you're gonna you have these two I'm like, yeah, and I didn't and I think this is gonna hurt the Republican party because think about that you're gonna you have these two alphas that are gonna be at some point they're gonna lock horns, right? I do think the Santas could be a synergist. You think so?
Starting point is 01:46:11 I do think the sense to be huge, but so do you think as a higher likelihood of getting to this magic number I keep talking about 60% approval rating Trump or the Santa's. The Santa's isn't even a question. No, not at all, but what I'm saying is, don't. I don't solve for that though. Listen, I don't solve. That's an indicator. Let me tell you something. You know, this guy, like what is Trump truly believing?
Starting point is 01:46:35 Trump. No, 100%. And by the way, by the way, I'm not even being a jerk. By the way, by the way, just so you know, you wish you believed in yourself as much as Trump believed in himself. Of course.
Starting point is 01:46:48 So don't ever judge a person that believes in themselves as much as this guy believes in themselves. For a guy to have the world after him and he goes and golfs with pressure and people making fun of him when he golfs and he said, did you see that drive? Did you see how good it was? Did you get that? Are you gonna show that?
Starting point is 01:47:04 Are you gonna show how good of a shot? That was even what you're talking about. Yeah, there isn't anybody in America today that can handle the kind of pressure and hate and mockery as that guy. Leaders, Bulletin, he's first on that list. I'm with you on that. But if I may, there's a difference between pride and hubris. I mean, remember, we learned all that in Greek mythology.
Starting point is 01:47:21 And I think Trump is veering towards more hubris than Prada. You're 100% right. We always we have the self-confidence that Trump has. But it veers towards hubris at a lot of times. This guy may have lived a life that many, like if you want to like think about a great Gatsby type of a movie to see who's lived a crazy life, I don't know, bro, who's lived a crazy life
Starting point is 01:47:44 that had better life than his guy? But he's denying that, you're absolutely right. So also, all I'm't know, bro, who's lived a crazy life? Better life than his guy. But he's denying that. You're absolutely right. So also, all I'm saying to you is if I want to have somebody go up against killers, dirty, ugly, mother, you know, like legit people like that, I'm sending him. Let me ask you one more thing. I'm sending a, I'm sending him. If I want somebody that's a You know, like you know the other day I saw clip I Obama Obama's like, you know, they say
Starting point is 01:48:14 Barack, you know, he cannot handle Putin and and you know, he is afraid of Putin and they say things like this about me Well, I mean if you're talking about you're going to handle Putin better than I will, my can and my opponent, you know, the person that's saying all this stuff about me, he can't even know how to handle CMBC moderators. And then you hear the crowds. Oh, yeah.
Starting point is 01:48:36 And then they show the clip. The first time Trump needs Putin and he post putting in and then you're like, whoa. Yeah. That that guy's a former KGB. And Alpha is Alpha. That was felt within a second. There is no question there.
Starting point is 01:48:51 So the point is if you want somebody to go in places like that, to handle people like that, immediate, it's the other guy that's the most hated president alive today. But the Santis is going to be the one that's the most hated president alive today. But DeSantis is gonna be the one that's gonna do similar job with lesser fewer controversy, added baggage, all the other stuff that comes with it, and a smaller target because, quite frankly, he's not the personality that Trump is.
Starting point is 01:49:21 He's not the entertainer that Trump is. He's not the character that Trump is, he's not the entertainer that Trump is, he's not the character that Trump is, but he will make a very good president. I think the Santas will make a very, very good president. I agree. What do you think, you know, the saying like, never wrestle with the pig, because you get dirty and the pig loves the mud,
Starting point is 01:49:40 that whole thing, because one thing we haven't discussed is when Trump gets dirty. Iran sanctimonious, serious. You know, he would be nothing without me. We got to wrap up. What does the Santas do with Trump's get, gets really dirty. I, I, I don't think he's gonna go there.
Starting point is 01:49:58 And I don't think Trump's gonna go there. I don't think the Santas is gonna go there. Right. I think the Santas is wiser than Rubio. There's a reason Rubio is just a senator. He's not gonna play that card. I'm a bit, and I think Rubio's one of the best speakers that we have.
Starting point is 01:50:10 He makes a lot of good points and I think is a valuable voice, but he's not the Santis. The Santis is superior in that area. I don't think he's gonna fall for the trap. I think the Santis is very, very, very sharp, very sharp, like very sharp. He ain't gonna fall for it and he's gonna just go here, he's gonna go here, he's gonna go here.
Starting point is 01:50:34 And you and I are gonna sit down and we're gonna watch and say, man, I got to took that many shots at him. All you've done is give that man respect back. I have to respect you. I think that's the moment we're all gonna have at one point. I think before that debate, so with Trump, he's gonna be reading a lot of Marcus Aurelia Stowe. Both of them speak a little bit.
Starting point is 01:50:53 They need the right people. Anyways, they need the right people in their ears. But at least it's gonna be, we have a prize fight that's coming in a year and just get ready for the fireworks. So that's coming in like a year and just get ready for the fireworks. So that's coming. It's gonna be great. Anyways, it's a great show today.
Starting point is 01:51:10 Very good show. Two hours felt like five minutes. We had a great time. We learned a lot. We're doing another part. Rob, what's our next thing? Are we doing a podcast tomorrow? And the next day was a Thursday?
Starting point is 01:51:20 Thursday and then Friday. Do we have Thursday and Friday? And we have special guests this week. We got Thursday and Friday. It's gonna be fun. Have a wonderful day today if you didn't get a chance to watch the Neil de Grasse Tyson podcast. Go watch it.
Starting point is 01:51:35 Okay, if you don't find it for whatever reason on YouTube, you'll find it on VayteMina. You can find it on Spotify. But go watch the whole thing. Then tweet me and tell me what your biggest take away from that podcast with Neil deGrasse Tyson was. Take care everybody. Bye bye.

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