PBD Podcast - Home Team | PBD Podcast | Ep. 290

Episode Date: July 25, 2023

In this episode, Patrick Bet-David is joined by Vincent Oshana, Adam Sosnick, and Tom Ellsworth. They will discuss a wide variety of political, economic, and business topics. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/pbdpodcast Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: masterworks.com/cd Get tickets for The PBD Town Hall with Vivek Ramaswamy, LIVE at 5990 on Friday, August 4th: https://bit.ly/3XWnTLn Get Your Tickets for The Vault 2023 NOW ⬇️⬇️ The BIGGEST EVENT in VT History! *TOM BRADY, MIKE TYSON & PATRICK BET-DAVID on one stage!* https://www.thevault2023.com/vault-conference-2023?el=YTPODHTEP Visit Our Website! https://valuetainment.com/ Subscribe to: Adam Sosnick - @ValuetainmentMoney Vincent Oshana - @ValuetainmentComedy Tom Ellsworth - @bizdocpodcast Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ 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

I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry. I'm sorry.

I'm sorry. I'm sorry. Did you ever think you would make it? I feel I'm so close. I could take squeezy theory. I know this life meant for me. Yeah, why would you plan on delay when we got bad days? Value payment, giving values, contagious disorder,

entrepreneur as we can't no value the hate. And how do you run, homie? Look what I've become. I'm the entrepreneur. Yeah, all right. We back at the set. We're still not back in the studio with, you know, the vault and all that. So we've got to get back to it. But we haven't done a home team for a minute, right? It's been a minute since we've done home team. We had Chris Clomo. We had Anthony Wiener. Who else do we have there? There's got to beB.D. The Dave Smith. Oh, the Dave Smith line that we have and not out of home team. We got a lot of stories to go through.

The story is having to do yesterday. We had a very awkward moment. We're having dinner with my chef, Alper, and all of a sudden the news shows that President Obama's out, you know, Alper's chef is found dead. And Alper quietly left the house. And he says, I don't know if I'm safe here.

And I said, Alper, just hang in there, you know, it's, we don't know what the story behind it is. We don't, obviously we're not, we're going to go into these crazy stories. We got some clips to show you. Well, that explains. He was asking me for numbers for PHP, said he wanted life insurance. Yeah. Yeah. That would make sense. But we got a few things. Adam wants to react to what's been happening with Israel's Netanyahu pushes ahead with vote on judicial overhaul while Netanyahu warns Israel as on the brink of a military coup. Trump threatens would be very dangerous

of Jack Smith sent him to jail in new interview. The Santas doubles down on claim that some blacks benefited from slavery. I don't know if you saw this story. Wapo, someone thought it was a good idea to double down on that. The 9-11 Obama phone call, chef, middle denied, drowning. We'll talk about that. You may want to know who Walter Shibis.

It's a former White House executive chef who also died from drowning in 2015. Maybe it's like a thing you know, thing you should tell people, if you're thinking about being a chef for the White House, skip that job interview. Like go go to a different restaurant, but don't do it. New York City agrees to pay 13.7 million dollars to George Floyd protesters.

There's a bunch of business stories we gotta go through Tom. US home prices still face a steep and sustained decline this year. Economist warns, home sales fall as would be buyers face high rates low supply existing home sales fall again amid worsening supply shortage. Then after a pause, the US Fed likely to hike interest rates to 22 year high. Uh-oh. And then why the Fed isn't ready to declare victory on inflation, inflation yet. And then why the Fed isn't ready to declare victory on inflation yet. And there's a saying bank been freed story

about his defense lawyers with paying them $10 million of misappropriate FTX funds. I know you reported on this a couple months ago on by ETAM and Doc Combs. It's a great article. There's a story there being insider. We got to talk about Vivek. He's making a lot of noise.

There's some stories about RFK that snap at Debbie Wasserman's Sholtz. You are slandering me. What else? We got a couple of woke stories. This one's kind of weird. I don't know if you saw this one or not. School districts that allowed people to have their kids

band out, opt out of LGBTQ lessons. Now are saying you can no longer opt out your kids. They banned it because too many families opted out. We'll talk about this. It sounds like mandates. Yeah, we heard. Bill Mouveni is now looking for speaking opportunities at schools we'd like to invite for the whole

big secret speaker of all that's inviting. Surprise, and then algebra, one effectively eliminated from Harvard area middle school, because too many white and Asian students were taking it. And American's confidence in higher education has declined sharply. I don't know why.

OK, before we get into the articles in the stories here, gang, we got our vault conference coming up. CEO tickets have sold out. Founder tickets have sold out. Executive tickets have sold out. The only thing that's left is platinum in general. I'm sure you've seen these ads all over the place with myself, Tom Brady, Mike Tyson, Will Gidero down the street in Miami at the diplomat that'll be happened I think in six

weeks. Mario's telling me the event's going to sell out this week if you haven't yet registered with every crazy thing that's going on right now. This is the tap of an event you want. I keep people constantly telling me, how do we do this in this economy? How do I handle this? This is an event where you come through,

we went through the manual yesterday, 200 pages. For three days, we're gonna go through a 200 page manual. Here's a crazy thing. There's gonna be a lot of celebrities that are taking and attending the whole conference just to attend it for content themselves. I can't give names. It's based on their invitation when they show up. But you're going to see some people that are also attending the vault. If you haven't yet registered, I think this is going to sell out this week.

Rob, let's put a link below for people that want to get registered for the vault. If you buy one ticket right now, second one is 50% off. The link will be below. Get registered. You, your spouse, your business partner, spend three days together in Miami. Anyways, let's get right into it. Okay, so business topics is what I'm going to get into first. Vinnie, be ready. So you need to go. U.S. home prices still face a steep and sustained decline this year. Economist warns. decline this year, economist Warren's. Oh, there we go. So economist Kiran Clancy from Pantheon,

macroeconomics, warns that the US housing market is on the verge of a steep and sustained decline in home prices. Contrary to the belief of a recovery, Clancy argues we are baffled by the emerging narrative because it isn't recovering. Clancy emphasizes the crucial need for improved affordability in the housing market. True recovery points out that affordability has declined with the median single-family house price surging 10% to 350 in the second quarter, resulting in the highest debt to

income ratios since 2007 to achieve a genuine recovery, Clancy States, home sales can't recover until affordability improves, which requires lower mortgage rates, or filing home prices, or both. He highlights that the housing market is shifting from a collapse in demand in sales to a phase of falling prices and housing related consumption time. What is going on with real estate?

I keep getting guys telling me, I told you, the market crash is not here. I told you real estate is going to be fine. I told you it's not going to go down. What's really going on with real estate? Well, I'm hearing a lot of that too. But we have to remember, we're living in South Florida and we've had a huge influx in demand and all those people moving here. Remember, we're hearing in Florida. What do we got? We got like, they said 900 from California, 900 a week, something like that. 900 a week, moving to Florida. And so what's happened is in Florida, the prices are not dropping down

because you still have a lot of cash buyers from the Northeast that have come down here holding it. But in the rest of the United States, it's just not affordable. And remember, you knew about this because right at the time you were founding PHP, member 09, we had just got through that area where back in ratio 39, 38, not 45 is fine, Neenah,

no income, no assets, no problem. Well, that's not quite on the table here, but right now we don't have enough supply. Not enough people are willing to put their house on the market in the United States. That is still a fact. And so with the limited supply,

prices have moved very slowly. And with the interest rates, which are almost 8% but they drop back like 6.75, 7% a week ago, that is keeping it there. And so it's artificial. And so as soon as either of those moves pat, we get a little more supply or the rates go down, prices are coming down. And that's what everybody is saying is this is an artificial scaffolding.

Right now we have about a million houses on the market. And remember a couple of weeks ago, PBD podcast, last time we did home team. Remember we looked at the normal inventory as like three and a half, four million houses, and it was easily 50% or less of what's normal. So what's going on right now is the high interest rates and the low supply, because people don't want to sell their house, even if they have to move for their job, they'd rather Airbnb the old house

with a nice low interest rate, and then rent in the new place. And so we are living on the edge of a snap, we're housing, it maybe it's not gonna crash through the floor, but it's gonna drop, and that's what this economist is talking about. And I think he is absolutely correct. You don't see it right now, especially in South Florida, where there's other things that play.

But it's gonna move. So here's, so Rob, can you pull up the tweet, I just sent you, I posted this yesterday, very heavy of send me an article, I took a look at it, went through the whole thing, very interesting data, and then I posted this, I said, you know, because a lot of people are asking the question about why people are in selling or buying a house, 92% of Americans have a mortgage right now, below 6%. There you go. Yeah 92 and what's the current 30 year fixed? Tom what's the current 30 year fix right now six seven eight to seven and a quarter good credit half a million dollars six seven eight no 30 year fix a 7.6% the 15 year fix is 6.8% as of today seven and a half percent is a 30 fix. So if 92% of Americans have a mortgage on those 6%, no, zoom out so I can read it, right?

Yeah, I appreciate the respect, but I can't. Go zoom out. I don't have those eyes, Rob. I'm 44. There you go. So zoom in is what I'm, my English is off. So 92% Americans have a mortgage below 6%. Wow.

If they want to refive right now, so imagine a salesperson comes up and says, hey, Johnny, why don't we refinance your mortgage? You got 6% right now. So imagine a salesperson comes up and says, hey, Johnny, why don't we refinance your mortgage? You got 6% right now. I can get you 7.5%. 61% are below 4%. 23% have a mortgage below 3%. By the way, if you're watching this, Airbnb's, baby, they're not letting go of those.

If you're watching this and you're comfortable about it, post your interest rate in the comments section, I'm curious. So why would cost people to start buying and sell a number one Americans running out of savings? This is a very interesting data. In 2020, collectively we had $3 trillion in cash at the bank. 2021 and one to 20 half trillion. You could look at the drop off on 2021 to 22.

It dropped off to $686 billion in cash. As of April, we have $800 billion. We went up slightly, but as saving decreases that panic could cause owners to sell at a lower price to take the equity out. Number two, unemployment, 3.6. Some of us thought it was gonna go to 10% like, oh wait, hasn't happened yet.

The market expected unemployment to skyrocket if power kept increasing rates. We haven't seen that. The third one is probably the most important one. Congress has more power than power. Every time power increased the rates to help address obsession, the government has with overspending the last 14 years with low interest rates.

The whole economic expansion, they say 128 months. It wasn't 128 months. It was like 150 months. If you take COVID out, that was going to go for 150 months of cheap money. Congress undermined it by delaying the time bomb that was coming to next generation. So what will happen with a massive crash in real estate? I don't think so, maybe certain pockets.

Here's the point. No politician or majority of Congress has the brass to do what actually is best for America. There's a 0% chance that that'll happen. Because the right thing to do is the following. Yesterday Brandon and I are doing an episode on hospital cost, okay, it's something nobody talks about and what's happened with the price of hospital cost per hundred dollars of what it cost the hospital to charge, they're now charging $440. It used to be $200 in 1995, 1998.

So that $200 is not $400. If somebody asks you a question right now, how much would a bypass surgery cost? You know what the answer is? No one will tell you. A bypass? They did a survey calling 101 different hospitals asking, what is a bypass? They did a surgery. They did a survey calling a 101 different hospitals asking what is a bypass? Heart bypass. What does a surgery cost?

Nobody gave them the answer. Half of them gave the answer. It ranged between 44,000 to $480,000. Okay? From 44 to 480 on a bypass surgery for your heart. Then we went a little bit deeper and we saw the Medicare and Medicaid. So the Medicare Medicaid that we're taking care of the elderly folks, the folks that are actually getting the benefits, they pay little to nothing, the people that are getting the benefits or the people that are not paying anything into it only contribute for 6% of the actual cost for Medicare and Medicaid.

Guess who's paying the other 94%. The working man who's doing their part, their paying for Medicare and Medicaid, what's the moral of the story here? The right thing for us to do with Medicare and Medicaid Social Security, you know what the right thing is for us to do? We gotta change it. We can't continue like this because right now now the way we're looking at Medicare and Medicaid

The idea is well let the younger generation pay for it. They're supposed to pay for baby boomers I'm sorry. This is not a responsible thing to do guys. We can hear you guys. I don't know what's going on Are you guys having issues? It's a lot of uh, so the whole thing with medicare medicate social security if the younger generation keeps having to pay for it they're gonna go bankrupt the older generation the traditional is the baby boomers are centers and all we got to get the benefits but why isn't anybody wanted to change the benefits of medicare medicate and nobody can get reelected

nobody can get reelected what is this have to do with interest rates same exact thing the right thing for us to do with interest rates? Same exact thing. The right thing for us to do right now is to keep the rates high for a long time. Have a small little market correction happen, but that's not gonna get anybody get reelected. We have to print more money and put it in the bank,

and we have to print more money to put in the economy, and people are sending their same, forget about what power is doing. So my thoughts on what's gonna happen with real estate is we may see a small little adjustment here and there in different pockets of America. Tom, I don't necessarily see a big crash coming with real estate anytime soon.

No, I see the drop in pockets. You summarized it there. And that's why I talked about soft florida. It's got some things here because of the massive demand and the number of people here, I don't see it moving a lot in soft florida. But there are already markets where it is moving Florida has got some things here because of the massive demand and the number of people here. I don't see it moving a lot in South Florida, but there are already markets where it is moving and it's the markets where the underlying structure is also there.

People moving out of San Diego, people moving out of California. It's interesting that you bring up the Medicare and the Medicaid, you know, entitlement programs. Obviously the big debate over the last decades have been the Social Security. Do we extend the age? Do we extend the age limits? You see what's going on in France right now with all the protests? They want to extend their version of Social Security, what, what are the ages to them? They want people to work five years longer. You have the older people saying we don't want to work this long. We have the younger people saying, get the hell out of here already. I mean, the reality is this, people are living longer.

And that, I mean, I'm in the longevity market so I understand. It's an interesting dilemma of what they do with Medicare and Medicaid. And as you said, they just want to kick the can down the road just like they do with the debt ceiling. Nobody wants to be the politician that comes in and says, blow it all up.

That's not what we're doing here. Fun, interestingly, you bring up the rising cost in health care, the only thing that I think that has increased to that amount has been the cost of college, right? We've done many conversations about how the cost of college is skyrocketed, 4X, 5X, 10X. But as your education, that much better. I would like to know how it works in the medical field.

When it comes to mortgages, here's how I see it. Tom brought up a good point about supply and demand. Obviously in Florida, everyone's moving down here. We've seen people moving to Miami, Naples, Fort Lauderdale, Boca, Palm Beach, everyone in Florida, Jacksonville, supply and demand. The way I look at it is, it's actually a different terminology

that I would use. I would use cheap versus expensive. So if you went to go buy a house, four years ago, the interest rates were the lowest of all time, below 3%, 2.96%. We all have the ability to remember pre-COVID. And you're like, all right, cool. The average cost of a house back then was 250, 275.

Interest rates were below three. All right, cool. What's going on now? Well, the average cost of a house in America today is 350 freaking grand. All right, so they've gone up to 75, 100 grand. And now interest rates have gone from essentially 3% to 67%.

So if you're the average guy, if you're Vinny, you're me, we're just like, yeah, this isn't a good deal. And it just like doesn't make sense unless you need to. It's very, the fact you said that 92 percent of Americans have an interest rate below 6 percent. Who the hell would want to sell at this point? Nobody's going to want to sell it. And by the way, I'll say this last part before we go

into the next story is home prices fall as would be buyers face high rates low supply. This is Wall Street Journal existing home sales in June declined 3.3%. Compared to previous month reaching the slowest sales pace since January, the national medium existing home prices fell 0.9% from a year earlier to 410. Second highest level on the record. The average rate for 30 or fixed right now is 6.78. In the south, existing home prices fell by 5.4%.

And in the west, 5.1%. And there are 1.08 million homes for sale under contract at the end of June unchanged from May and down 13.6%. From previous year, the number of new listings in June decreased Decreased that's the kicker Decreased by 26% compared to the previous year Somebody sell a house right now so unless somebody buy a house I love buying another question. It's but but it's still made believe it or not

It's more why would somebody sell a house right now? Right. Why would somebody sell your house right now? I got a low rate. I can rent this out. I don't have to worry about it. My payment is good. I don't have a reason. I guess the only reason you would sell is if you go to rent, meaning like, I've had this house. I've had two kids. They're out of the house. I'm 60 years old. I no longer need a four bedroom house. Me and my wife will go get a little two bedroom condo. And they come.

We'll take the million bucks and go. What's that? Increased needs to, you know, income needs to increase for it to make sense. People are not making more money. It's not like all of a sudden your income's gonna go up 25% a year. It's just not gonna happen.

So what's gonna happen? Only the people that can afford can buy. Only the black rocks are gonna go by the entire marketplace. No one in there. We're gonna be a renters market for decade or two. This is the part that when afford can buy. Only the black rocks are gonna go by the entire marketplace and no one in there. We're gonna be a renters market for decade or two. This is the part that when you go look at cycles of real estate, the last however many decades, there are many seasons where we went through

a decade of being a renters market. People just didn't wanna buy. There are many decades where we're like, yeah, I'm good, I don't need to buy. Why would I buy a gold renter? And then all of a sudden boom it became buyers market And then again sellers market and then renters markets. It's either sellers market. It's a buyers market or it's a renters market Today, it's none of the above except for rent today. No, it's probably renting today

What are you gonna do to buy? There's no reason to buy today because it's not like you're gonna well long term Real estate's gonna do fun. It's because it's not like you're going to, well, long term real estate is going to do fine. It's a non-duplicate, non-duplicatable assets. You can increase your net worth, but Tom, you look like you were dying to say so. Yeah. The last item on this is, this cycle is being complicated by the impact of Airbnb because people are able to rent houses that have low interest rates. And I was reading, only takes about nine rental days a month to cover the house.

So if my job forced me to move from Bedminster, New Jersey to Raleigh, North Carolina, because that's where I had to find the job. And with COVID and everything, I had to work and so I moved. And I don't sell my house in Bedminster. All I have to do is get Airbnb nights out of it, and I can cover that 3% mortgage. That situation and the platform Airbnb did not exist in 0, 8, or 9, or in 12, 14, the way that's-

Very good point. So people, so sellers- That reduces the supply. Sellers have more options that I'm like I don't need to sell it right now. So Airbnb is indirectly impact on the market where Realtors don't have enough supply to sell By the way, Realtors must not like Airbnb or With a great Realtor sell a house saying look what if it doesn't work out just put it on Airbnb

You're gonna be fine. So maybe there's a different way of selling it today. Not the massive. Grailorders hate Airbnb. I want to give a quick shout out to Masterworks. Gang, if there's one thing I can tell you by talking to a lot of different people right now with clients that we work with, there's a lot of people that have been taking advantage of Masterworks within our community simply because of alternative assets and what's been happening with art. I've given these numbers before, but I'll read it to you.

And equally weight, SMP has only added a measly 1.8% year to date. As a result, there's huge interest in alternative assets. Our sponsor, Masterworks, Art Investment Platform, it's a genius easy way to get into the art, meaning if you want to buy $10 million Picasso or Banksy, you can't afford to do it, you can do it through Banksy, through Masterworks and you buy a share of it. What these guys are doing is absolutely genius, there was a record break in your 22 for auctions and at the same time, you know, this has happened while a lot of people are not really concerned with what's taking place.

So if you're somebody that's, you know, you're saying, Pat, I wouldn't mind getting into art, but I can't afford to buy that stuff. Masterworks will be the perfect company for you. As of June 21, they have 740,000 users with 750 million dollars of assets under management. My suggestion, click on the link below, subscribe to Masterworks, see what they have going on, and if you're comfortable

with the risk, everything is regulated properly, register with the proper organizations. If you want to get involved, start investing into some more artwork with MasterWorks. Again, the link's going to be below. So Adam, you were going to say something about this whole real estate story before we wrap up. I think that's the next one.

You know, you seem pretty dialed in on the Airbnb thing. Obviously, you could just rent your home. That's easy. How many have you done any case studies on Airbnb? Because I've Airbnb in my apartment for. It's not that easy to do, man. I mean, it's like, I'm not saying that's super difficult. I just don't know how many people are actually doing the Airbnb.

What kind of stats do I visit? 1% of homes. Is it 10% of homes? What do we know on that? I'm going to dive people are actually doing the Airbnb. What kind of stats do you have? Is it 1% of homes? Is it 10% of homes? What do we know on that? I'm going to dive in even deeper on the stats. I don't have that in front of me right now. But the points that were made was in certain markets, they're able to keep that home in that low mortgage.

And Airbnb is helping them do it. And they only have to get about 8, 9 nights of rental out of it. Point 1. Point 2, realtor groups and realtor companies like Compass are actively supporting neighborhoods to change ZCC and ours, zoning covenant codes and restrictions, also known as homeowners association,

to prevent rentals. And in South Florida, you can see some communities who walk in. Now, you'd realize you cannot rent for two years. Now, South Florida has been a transitory market. The things we call snowbirds are people that come down for about five and a half to seven months and get the rheumatism in arthritis

out of the Northeast cold. And that sounds like ageism, Tom. I don't know, I don't appreciate that. Not ageism, it's freaking arthritis. The... That sounds like age is a time I don't know I appreciate that. Not age is a much freaking arthritis. The, the, and now, you know, you used to be able to rent your home, but there's certain places that when you buy a home, you can't rent for two years. So there's a bunch of forces here. I'm going to dig in deeper on this.

Okay. And maybe you and I could, you guys, I got some sense here. So it says there's Airbnb has roughly 5.6 million active listings in 220 countries and 60% of its users are millennials meanwhile another article says 85% of the hosts are in America 85% of the hosts are in US and Airbnb is a you know 70 80 billion out of company So it's not like it's a small company the average host earned 13,800 dollars last year in 2021 There's a thousand bucks a month which is a thousand bucks a month. It's not a lot of crazy not money But if you've got a if you have a half million dollar house and you have a 3% mortgage

That's almost covering yeah, that's almost covering. Yeah, that's almost covering. So again, it's another out for a homeowner to say, I'm gonna go this direction. I'll tell one quick story. I used to air being by my apartment in downtown Miami. And obviously Miami's a very transitory place. People are coming and going. We have massive events every time. I would go like anytime there was a massive event

like ultra or rolling loud, Miami music week or the Super Bowl, I'm a single dude, I can kind of keep it moving, keep it grooving. I can just rent out my place for a thousand bucks at night, boom, make five grand in a weekend. But most people can't do that, especially if kids get up families.

So I've used their BB, I think it's awesome, I've used it. I just don't know how many families are truly Moving their kids getting out of there, you know doing that whole thing unless they're transplanting moving like you said From New Jersey to Florida and they have their place of but if that's the case, I would just rent out my place. So Let's dive into this thing. Let's talk about Sam. And I was just gonna say, like I was quiet about this whole Exchange housing and everything. I personally, I'm gonna get with my constituents, but I do concur with everything you guys

are talking about, I concur. I'm at 100% on board. There wasn't one thing that I was like in my head, like, I don't believe in that. So, you guys dig deep more on the other thing, and then we'll circle back. With your constituency, I'm very concerned about the cataclysmic drop in the internal rate of return. I couldn't even even appetizer. Couldn't even be my appetizer. It was disgusting.

It was terrible. You were right. You were damn sweat. Sam Bankman freed his paying his defense lawyers with $10 million of misappropriated FTX funds. The founders allegedly being accused of paying them withX funds. The founders allegedly be in a cues of pain and with that funds. FTX faces financial difficulties

and enter chapter 11 bankruptcy proceedings last November. Questions have been raised about the funding, bank, bank, bank, bank, bank, bank, mint, freed defense, and the complaint alleges that he transferred $10 billion of FTX's US exchange account to his own name and then gave the same sum to his father's FTX account, which has been used to finance as criminal.S. exchange account to his own name and then gave the same sum to his father's FTX account, which has been used to finance his criminal defense town. What is going on here with SPF?

So we covered this on valuetaimit.com, or a little bizzak store in valuetaimit.com. After I found a couple blurbs that were in a longer Forbes article where they had been covering all of the investigation where the, remember when the first pair of troopers from the government came in and the first thing they wanted to know is where the flipped at all this money go, they found the transfers to Alameda, a member of that whole chapter, and every day there was a headline where the money went.

Sam Bankman-Fried awarded himself, you know, like selling his own shares and awarded himself 10 million, which was really investor money. And here's what he did, Pat. He took a one-time, lifetime exemption on a pass-through inheritance to his father. So he filled that, you know what I'm talking about, Adam, or you can do the one-time, like, skip generation. He took it. This was 10 million tax-free that went to his

dad through an elaborate trust. His dad was holding it, and now his dad is wiring payments to the law firm. Big guy. And so this is what, so when people say misappropriated, they're careful not to use the word illegal because he is hiding behind this where this this was, this was, just out of curiosity, Tom, just a legal question. So if a guy does this in business, he faces going to jail for a long time, right? If he does this. Now, here's a question, a trick question for you. Not that this will ever happen.

But what if, let's just say somebody has more power than capitalism, let's just say you're like a vice president of a country, or maybe you become a president, and you're able to use your powers to kind of get money to come into the father, brother, things like that. What kind of consequences will that person face

if they're working for the government? Well, it depends on if they appointed the attorney general or they appointed judges and things very Strictly probably rig it But I would probably do so in that kind of a case I do something simple like maybe Have somebody maybe do artwork or sculptures sell it to people at an overinflated price So now now it's hey it was an art sale. It's just an art sale and maybe this maybe if someone bought some art you thought they were nice person maybe make them like ambassador to china or something because they're a nice person listen let me

just transition into the next story hunters uh... hunter-bytons gallery sold uh... first-sense artwork to major democratic donor pointed to prestigious commission wait a minute do it that's my idea. That's my idea. Ironic here. That's so weird. Hunter Biden's artwork has generated at least $1.3 million in sales with one buyer being a prominent Democratic donor appointed by President Joe Biden to a prestigious commission to buy your Elizabeth Hirsch Nafdali. A real estate investor from Los Angeles was appointed to the commission for the preservation

of America's Heritage Abroad in July of 2020, to eight months after Hunter, Biden's first art opening, Nafdali's has a history of significant donations to the Democratic causes, including over $200,000 to the Biden victory fund during the 2020 election cycle, and more than $30,000 to the Democratic National Committee this year, and otherwise acquired Hunter Biden's artwork for $875,000, but their identity remains on this year. Another buy acquired Hunter Biden's artwork for $875,000, but their identity remains

on this close. Pat, but in all honesty, have you seen the artwork? Like, you know, when people are on drugs and they're on crack, you should see how beautiful like his strokes are. And we get a glimpse of it. Can you just show us? Have you seen any of his art? Look at that, that is crack. Like, you are on crack and your brain is somewhere else. I mean besides having such with the on the rage girls, he's having like, is that one of them? Click the journey home. This is the journey home for me. I mean, you got to be respectful.

He didn't cross the line. Like, you know, he stayed in the, he stayed in the lines. I will say this many, many, many, many abstract, oh, I'm abstract on crack. A lot of artists are known to use DMT. Yeah, maybe use some acid, explore the space a little bit. Some smoke marijuana alcohol. He's smoking crack. You know, crack does amazing

things. Actually, not that bad. Let me and I said this pattern. My show question. Do you actually think he did all these drawn himself or do you think someone else is doing it and putting it up there? Like, is this that's all his fat? It's just all his work. Yes, this is Fair it actually looks yeah, I'm not trying to knock that fact check that I'm I have serious doubts Yeah, I'm with you. Is it like you know how they say there's a ghost writer? Is it like a ghost? Famous there's a ghost writer like a ghost. Yeah, I'll tell you what, you know, Dave Chappelle on a Rick James famously said, he brought us nephew in. Hey, we need you.

We need you to do some Dave Chappelle show Rick James families. He said cocaine is a hell of a drug. But do you think it seems like crack is a hell of a drug to have you? Do you think whoever bought this, you didn't. They're showing it off like are they walking on like, hey, girl, hey, I gotta find it. I got a bite in the back. Yeah, yes. Yeah, I saw I we looked at a house.

Recently, I, I'm gonna give it away. If I give the details, don't you agree? I'm anyways, I'm gonna say this was a very, very one the most powerful men in America. We looked at the house. How long ago was this time? Vinnie's house? Yeah, last, last month, like this.

Last year, four weekends? Four weekends. That house, let's just say the house is like $150 million dollar house, okay? You know, I'm gonna just, so the house, let's just say the house is like a hundred and fifty hundred million dollar house. Okay. You know, I'm gonna just, so we're going to looking at the house and it's a possibility. We like to place in the bedroom. You go in to see how much this type of this type of stuff

has value. If I say they're gonna know who I can't even say what it is, right? Honest, I'm being honest, they ask, I don't want to say who's house. The worst. Big, big, big, big, big? I'm being honest, they ask, I don't wanna say who's house is was. Just be vague, I can't even say the same thing. And you're painting. When we went in that master bedroom,

the biggest wall had a piece of art is how I'm gonna put it. That is maybe 12 feet long, 10 feet, would you agree like it's 10 feet long? It's a little bit, this is 16, so it's a little smaller than this. And on the bottom, it says who gave this to them and it came straight from the White House, from President Joe Biden. And this person is one of the biggest donors to the campaign.

It's a massive number. The number's not 200,000 or 400, that's a real number. It's not pouring out artwork. It was only three colors. I don't want to say. So anyways, the point being, I really actually don't want to say what it is. So the point being, people will put the stuff on the wall. When you go look at crazy homes, arts being put,

it was so funny, because Nicole Sam's girl was with us. And one of the arts in a room. What? What? Oh yeah. Yeah. One of the art pieces in a room, it looks so out of whack. Art's not like, you know, it's not for everybody.

Art you have to kind of like it. Nicole looks at and tells the wife says, oh wow, is this the grandkids made this? And she says, no, this is from a very famous artist. Oh my God. So old. Oh my God. That's like a couple million on art.

Nicole's just trying to be innocent. Oh my God. Oh, the kids just stole this thing out there. This is from the grandkids. No, this is not from the grandkids. Oh my God. I'm going to make this name up. But she was like in sense.

She said, this is a Kalakamaas from New York. Yeah, yeah. So New York. I'm so to make this name up, but she was like in sense. She said, this is a Kalakama from New York. Yeah, yeah. So I'm so sorry. So to art, you have to know the art community is not necessarily looking at what you see. It's a very different. So in that side, I will defend, you know, whatever the art's going to look like. It's the eye of the beholder. He sent you.

You've been to art basil in Miami every year. I've been there for the last 10 years, whatever. Yes. You'll walk down these galleries for the last 10 years or whatever. Yes. You'll walk down these galleries, these aisles, this art, and you're like, I wouldn't pay a penny for that. But this over, like it is in the beauties in the eye of the beholder, and it's, there was the famous, most famous piece of art that I remember in the last couple of years was that banana taped to the wall.

Did you see this wall? Yeah, it was not just any banana though. It was not a banana. It was from public. I love like the banana. It's like you lost buying this banana on the wall. Did you see that was not just any banana though? It was not a banana. It was from public. I love it. It's like you know I was buying this banana on the wall, but it was like the hottest thing at the gallery. Oh, there it is right there. But the best the best documentary path that I saw just really, really fast was the Salvador Mundi documentary where they found it. They thought they think it was what was

sold to MBS in Saudi Arabia. I think it was like, five, how much was it? 400 million, yeah. 400 million dollars, because they thought it was a Picasso might have been. But do you know the history of that thing? Of the actual 1948, what happened to it? And it was originally five, for like 10,000 dollar rent. And then all of a sudden, he gets it appraised by a guy and says, nope, this is 15 million bucks.

And it gets sold for 100 million and six months it for 400 million dollars. 100 million. A documentary. Anyway, the point is the SPF, what he's doing, where he's at. I love your Picasso story. You always tell by the way. Which one's a Picasso story about the guy he wanted to do the artwork. Oh, that's a great story. Yeah, it was incredible story. It's a great story of what this guy did. No, you know, they say this is this is why if you're gonna buy art or Baseball cards people come up to and they'll say pal, what do you think about this card? The guy says to work $5,000. I said is it graded? No, I don't buy anything that's not graded. The only cards I buy that are not graded is when the pack opens up right in front of me Okay, that's that's what I do now some people may say that's not theed is when the pack opens up right in front of me. Okay. That's what I do.

Now, some people may say that's not the right way of doing it, because when it's graded, an organization, PSA, tells you this is a mint card. This is a perfect card. This is a pristine card. So, with art, you want to buy from places like Masterworks and other places that they're telling you, we've done the due diligence. The responsibility of being authentic is on who it's on that Organization that's in short

70% of art sold in a market place is fraud 70% can you pull up the percentage by the way what percentage of art is fraud what percentage of art that sold is fake It's a massive back in the days people people, yeah, they were 40 to 70% of the art market is the range of forgery. Does that include NFTs? Because that'd be 98%. Well, listen, you know a lot of people that I made a lot of money in NFTs and they're quite,

all they're talking about is kindness right now, because they made so much money. That's a whole different story. Let's continue. Let's continue on what's going on here. So look, this is the problem when you start impeaching for no reasons. You're about to be impeached two to four years later,

and it's kind of taking place right now. Geo peers demand Biden's impeachment after Hunter's ex business partner reveals alleged calls must be held accountable. This is a New York Post story. If you can go to page four, Rob, if you want to put the story up as well, so people can see it.

So, there you go. Republicans demand President Biden's impeachment after allegations of frequent phone calls with foreign business associates through his son, Hunter Biden, Rep Jim Banks stated, House Republicans should initiate impeachment proceedings against President Biden accusing him of enriching his family through personal influence.

Senator Ron Johnson commented, we've known about President Biden light about not discussing Hunter's overseas business dealings. That video was going viral yesterday. It certainly wouldn't surprise me to learn he was far more involved. The Irish agents testimony alleging Joeiden's blocked tax fraud charges against hunter and evidence of biden's meetings with foreign associates further fueled the impeachment calls representative renazi mace highlighted another whistleblower the uh... devin

archer will directly tied joe to the bribery scheme in ukraine if you can pull up that video of him saying a few years ago i didn't do any of that, Tom, when he see the story, what do you think about what's going on here? Are we actually going to see an impeachment with Biden the way we did with Trump? If we're holding Biden on this to the same standard as we held Trump, there is actually, it's equal. The evidence is equal.

And Trump made, remember, Trump puts him peachached twice i'm talking about the ukraine phone calls you take a look at the ukraine phone calls and what he did he says hey he should be impeached and we're going to impeach him and they did impeach him because he made phone calls to ukraine and said hey we can do a deal and certain things can happen here and now byton and

hunters hunter bydons as partner Devon Archer, is providing this evidence said, hey, you know what, we made phone calls and we said, hey, let's cut a deal here, this is what we do. It's the same thing. So if you impeach Trump, you have to, on a tiki tack, then you got to impeach Biden.

Yes, yes, what do Pat, to answer, it's 100%, nothing is going to happen to him. And here's my question too, how many whistles are going to have to be blown so something like every week? Whistleblower here, IRS whistleblower, FBI whistleblowers. Nothing is going to happen in this Devon Archery guy. He was supposed to testify yesterday. This is his third time he canceled.

Third time he's subpoenaed to go to Congress. He said, nope, and canceled. What's going to happen to him? Nothing, zero. The left is winning the right barks. That's it. That's the right. Just, blah, blah, blah, blah, blah, blah, and canceled. What's going to happen to him? Nothing, zero. The left is winning the right barks. That's it. The right just, but the left gets away with murder. He's nothing's going to happen to him.

He's going to do his whole full four years. I've been money on it. This is Peter Ducey and Biden a couple years ago. Play this clip. I've never spoken to myself about girls like these things. And so how do you know? How do you know? Here's what I know.

I know Trump deserves to be investigated. He is violating every basic norm of a present. You should be asking him the question, why is he on the phone with a foreign leader trying to intimidate a foreign leader? If that's what happened, that's what happens. You should be looking at Trump. Trump's doing this because he knows how to beat him like a drum. And he's using the abuse of power and every element of the presidency to try to do something to smear me. Everybody looked at

this and everybody's looked at it said there's nothing there. Ask the right question. Yeah look at that anger point. It's interesting. A couple of points. Seems pretty cognitive there. So the client is pretty apparent over the last few years. Yeah. At the same time, I'm assuming, I don't know the exact date. It would seem likely this is on the campaign trail in 2019, 2020. Prior to the election, we know that people say a lot of nonsense

and say a lot of things. So, you know, I wouldn't look too much into that. What I'll say is this, I think it was an ugly situation with Trump and the double impeachment, obviously, he wasn't in Pete or fully convicted or it wasn't held accountable for that. I think it's a slippery slope with this. What happened in 2018 was there was sort of a blue wave

after 2016, Democrats took over the House after 2016 Democrats took over the House, that Democrats took over the Senate, they had all the control. So from a logistical standpoint, if how Congress works right now, 2020, there was supposed to be, I'm sorry, 2022, there was supposed to be a red wave, it was a red teardrop, the Dems control the Senate,

they have a small margin in the house enough that house even brings us out there's no way the senate actually passes this i don't see it happen i think we're just as it's an ugly situation this country what was it can be trumped beach by then politics is ugly democracy is ugly

but it's the best thing we got who's gonna investigate that but but but the question here's a question though here's a question though the standards held on what they did to Trump based on those standards. The American people are saying, what is it with you now saying we got to move on? We had it with Anthony Wiener, we got to move on, right? You know, conversation with, you know, even Chris being here with what happened two and a half years ago. It's a lot of people that are like, hey, we got to move on. It's in the past.

We got to look at the future. No, you humiliated the person that voted for Trump. That person was humiliated in front of their peers. But the person that voted for Biden looked like they knew what they were doing. And now that person that voted for Biden is saying, guys, let's just move on. This is not a good thing to do.

For me, I don't think it's good to do to start off with because this is not gonna stop. This is gonna continue. Trump's got five kids. Is it five or six kids? He's got five kids, I think, right? He's got Eric, Dan, Ivanka, the daughter, and the one that I'm very happy to see.

It's five kids, okay. The one thing they know about, the one day they have to worry about the most, is Baron. Baron think it's five feet. Okay, the one thing. They'll know about. Yeah. The one day they have to worry about the most is bear. Bear. Bear is going to be around for 67 years, which means what? That guy is going to remember he was the kid in the White House. He was the one that has the highest intense emotions that he watched his dad

when he's going through stuff. This is not going away anytime soon. You best believe this is going to continue in 40 years. He's going to be 56 years old. And you're going to be 80 years old or whatever. You're going to sit there and say, look what the sun is doing now. I remember when this guy was a 6, 8 person. Look what he's up to now.

We don't know what these things are going to happen. But when you play this game and all you think about, this is the problem America has right now. Medicare and Medicaid. about this is the problem America has right now Medicare met a met a met a panic met a care in uh... uh... uh... medicaid medicaid forget about it let jen z millenials jen x pay for it right let them pay for it real estate economic expansion don't worry about it print some more money okay don't even worry about it let the next generation pay for it next impeachment who cares let's get in the sky with us we got to show the world

how because let the next genner and this is going to keep continuing your after your after your after after after your after so I got a question for you guys It has nothing to do with politics. It has nothing to do with politics I'm curious on what you're gonna say about this and I got a clip I want to show you guys which is kind of weird how a lady is given a speech and the writer in the back is saying verbatim Every word that she wrote the speech and it's correct in them. We'll go get out here in a minute but forget about that. I'll send you the clip. Here's a question I got for you, Tom. Which burden is a bigger burden? For example, kids are a big burden on the parents, right? When you have kids, it's a lot of work. You don't sleep. There's

a reason why this panel out of four of us, two of us have kids, two of us don't, and we're all over 40 years old, okay? There's a lot of responsibility with having kids. It's a lot of work, okay? And it's constant. Last that we're dealing with plumbing, kids got to take a shower, you got to put them to sleep, you got to get up early, it's just a lot of work when you have kids. What burden is more painful? The burden parents put on their kids for having not made proper decisions in life

to get the kids off to a good start, or is the bigger burden the kid that is so responsible that is always embarrassing the parents, drugs, financial issues, constantly being in trouble, not making the right decision, which is a bigger burden? Parent to kids or kids to parents, Tom. You know what question I'm asking?

Yep. Well, as a parent, I think it's kid-dependent because you feel embarrassed, you feel ashamed, you feel responsible, you're supposed to raise this kid and turn him, her, it, or they into a responsible citizen. Yeah. And that would just to see my kid failing, I feel pain for their pain, and then I feel embarrassment, and then I feel responsible, and then I feel, you know, what could I have done different here? I think that's a bigger burden than the burden

that maybe a parent puts on a kid to perform, even though we've seen suicides and kids from parents that made straight-aves an absolute. Let me maybe let me ask a question in different ways. So for example, Tom, so you know, our job is to take care of the elderly. Got it. So, you know, I'm taking care of my dad, you're taking care of your mom, we're supposed to take care of you, whatever this person needs, mom needs that person needs, we got to take

care of. Okay, fine. How much of that would a burden of the prior generation being passed down to the next generation is okay. What is the responsibility of our generation to the next generation? Got economic economically. Is it is it okay to just kick the can and say listen guys, you guys are young. One day you're going to have to take care of this.

You pay the price for this. Your grandma's old, your dad is old. One day you're gonna have to take care of this. You pay the price for this. You're grandma's old. Your dad is old. It's on you. You can handle this. You're only 28. You're only 35. I'm 69.

At what point is that burden, an unfair burden, the prior generation is passing on to the, you know the whole thing about weak men create hard times, hard times create. So maybe a generation may be choices, and a next generation is paying the price for it. How much of that is okay for a generation to pass down so much burden on a next generation?

I, a different kind of question. I think what we're doing to the next generation is unconscionable. And I think what they're carrying is they have to figure out how to make it in the most expensive, you know, economic times of all time, number one. And number two, now they're going to be told the only way to take care of all these boomers. And doesn't the last boomer retire on Thanksgiving this year? I think it is.

Between Thanksgiving and the end of the year, the last boomer retires, or hits that first retirement age milestone And now it's like hey listen all the boomers Yeah, the trust funds gonna be out the Medicare and Social Security trust fund you can look up you can find that chart Rob It's gonna be gone and so we're just gonna keep you know that little dial that says six and a half by mean seven percent I mean seven and a half percent Social Security, we're just going to keep turning that dial because there's two trust funds that are in there, I think it's the medical trust fund that they're related

to Medicare and Social Security. And both of those trust funds, those charts out there that say they are dead in roughly 11 years. 11 years they go, the trust funds that are in there, go to zero. And when they go to zero, the only choice is to hyper-tax those who are working, and that is an unconscionable burden on the next generation.

Okay, so here's, by the way, the last boomer turned 65 in 2031. So we still got a few more years left. The last 46 to 64, so if you look at 64 36 23 The oldest boomer right now is 59 years old or some like they got six more years so 20 the youngest boomers like 57 years old So 1946 to 1960 from just a basic math so 57 they got nine more years

Eight more years. They've been reading reading about the 59 and a half rule. I'm sorry. Yeah, 59 and a half is going to be probably in two years, but the oldest youngest boomer turned 65 in 20, 30 month. Regardless, a 76 million of them, and it's a lot of money. So here's a part about that that for me, it's deeply concerning and no one wants to have this conversation.

We can have this conversation because we're not looking for your vote. We don't need your vote. We're not running for nothing. We don't need Congress. We don't need your money. We're not running for governor. We're not running for president. We just haven't conversations. Okay. As a sales organization I run, the best way to describe this time, I think you'll understand this. So in our business and insurance, when you're around for a long time and you build a big agency, what ends up happening to you is you start making millions of dollars, but you don't work anymore. Okay, not the guy that starts the company because you're always working because you every lawsuit, everything comes to you, right? But if you build an agency within a company, it could be New York live, it could be Trans-America, it could be Primeraqa pH, You can go on so many different companies, if you build a big block of business with a lot of insurance agents, you can all of a sudden, one day wake up saying, hey babe, we're

making 2 million a year and we ain't worth just the least I've worked on the last 20 years. Okay? So then, that generation is famous for sometimes not wanting to do the work, taking the money and wanting to change the compensation structure to benefit them. Because what ends up happening is the longer you're in the business, your override and commissions on insurance, the renewals kind of goes away because you're no longer building new offices. So the override's going away from you. So all of a sudden you catch yourself going to $200,000 a month

and then it comes to 20, then it goes to 180, 160, 140. And then you level off like at $100,000 because you're no longer growing your book of business. Very interesting, very simple. This happens quite often. The people at the top, the elderly, the people that are no longer working, start saying, we need to change the compensation plan to pay us more. This is not fair.

And they take compel way from newest agents who are just starting their practice. I don't know if I'm making sense. Yep. So the small business owners that are starting their practice, they are now getting a less of a comp than the person that has been around for 20, 30 years. If you can go to Twitter, yesterday responded to to the uh... uh... uh... what he called incredible Hillary Clinton uh... such a sweet dog she no no she did not respond but you got to go to this

tweet how many people zoom in zoom in right there okay and go to her tweet her to it says as of today it's been fourteen years since seven 725 minimum wage was last raised. President of the United States, Biden, supports raising the wage to at least $15. Magical Republicans have repeatedly blocked an increase. What do you have against millions of working families making more? My response, what do you have against small business owners?

Fortune 500 companies would love to see minimum wage increase. They can afford it. It's the small business owners who risk their life savings that can't, you're indirectly helping eliminate competition for the big guys, okay? So there is no response, what are you gonna say to that? So okay, guess what? Walmart loves the fact you raise minimum wage.

Joey's market that's been there for 73 years, past and three generations. Now, it's out of business. You're like, dude, that was fantastic. Thank you, Biden. Thank you, Hillary. Thank you, Bernie. You eliminated this guy.

That was a pain in the ass. Because my market in this area just went up 13% because I was losing it to the other guy. Okay. So indirectly, if we don't talk about this, the older generation, I believe, you can come at me all you want. I don't need your vote. I'm simply sparking a conversation. I believe the older generation is being unfair

and bullying the younger generation and not thinking about what they're going to be having to do 10, 20, 30 years from now because they're going to be dead. And that's absolutely unfair. It is a burden that some of these guys cannot handle and these politicians guess what they say this is the line you ready here's what the media will ask a politician that's running for office what you say right now they have no plans of changing any benefits to social security medicare medicate can you say it right now to everybody that's watching this i I have no plans of...

Yeah, of course. What you're saying is, I have no plans of taking care the next generation that's gonna suffer the consequence of your burden that they're probably never gonna have social security benefits, Medicare and Medicaid. So to me, I think when you think about parents, what responsibilities do we have to the next generation? What responsibilities?

What do you think we, a good parent, what is a good parent owe their kids? What do they owe their kids as great parents? What do we owe our kids? Well, we owe them structure, discipline, true love, not enabling love, but true love is I love you so much and I'm gonna put boundaries around you to prevent you from making mistakes.

It's not that I love you so much, I'm to bribe you with ice cream to get you to cooperate. So it's true love, boundaries, respect, discipline. You put that in a package, that's what you owe your kids. Let me ask this question. Is there a tradition where your parents, for the longest time, would help you with the first 20% down payment on your house or a way to help you with the first, you know, 20% down payment on your house, or a way to get you started to say,

hey son, you're just getting started, you're 28 years old, you're about to get married, you're starting your career, you're about to buy a million out of a house, guess what, I'm gonna help you with the down payment of the house to get you guys going, okay? That's what I'm gonna be doing. Do you think, do you think that ought to be a part

of the responsibility of parents to get their kids started in a climate like this? Absolutely not. Tell me why. I mean, if you're rich, you know, that's a conversation you could have. Some people elect to maybe say, I have friends who are well off and they'll say,

well, we'll pay for your wedding or we'll give you a down payment on your house. I don't know a lot of people whose parents are just like, yeah, a couple hundred grand got you. I don't think that's a thing. I didn't say couple hundred grand. Okay, 50 grand, whatever the number is. 50 grand. I don't know. I don't know. Do you know a ton of families that do that for their kids? I think in the Middle Eastern side. Of course. That's a big part of the Middle Eastern culture. Oh, maybe I got to start hanging out

Middle Eastern side. Let me ask you's a big part of the Middle Eastern culture. Oh, big. I know. Maybe I got to start hanging out in Middle Eastern's. Let me ask you a question. In America, I'm actually sincerely asking this question. If you have a son or daughter who pays for the wedding in America, the family of the daughter or the family of the son. Typically, the bride's parents say it's a long-standing joke. Show up, shut up, pay up. and that's the joke they always make about the

brides follows is that tradition still going on today for the most part yeah I mean would you say it is yeah it is you're saying it is the last one I want to that's how it was yeah let's keep that tradition going guys come on let's stop that in my circle Thomas keg Thomas my circle friends lobbying for the other way, my circle of friends, I'm lobbying for the other way around. My circle of friends are. It's got two daughters. It's still happening this way. Okay, got it. So, that means you're gonna be 50-50 on this thing.

You're just gonna pay for your boys. I will gladly wanna give this way and this way. Yeah. I wanna gladly be a flag carrier to do this way, because without them, I'm not around and without them, I'm not around. But I think there's too much of burden coming down from here in this generation. I don't think it's I don't think right now a 22 year old 25 year graduates in a better climate than they were in. Like we're we're

having a comment. Peter was asking the question last week. What was the question you were asking? You're like, Pat, how's Brandon going to buy house? He says, and I've done what for myself? How are these people going to buy house? He says, and I've done what for myself, how are these people gonna buy house? I don't understand how people are coming out of their careers, how are you gonna buy house? The thought of buying a house today in your 20s and your regular person, not your a peak performer, your top guy sales, no, I'm a regular person.

How does a regular 28 year old person that got out of college, they got a job starting at 50 grand a year, then they go to, you get 3% raise, that's a, you get 4 got out of college, they got a job starting at 50 grand a year, then they go to, you get 3% raise, that's when you get 4% raise every year, okay? 4% you go from 50 to what? 52, 54, 56, 58, 60, 63, 66, 60, what, 69, 73,

10 years, it's 15 years before you're at 75, after taxes, you're only making four grand amount. The mortgage payments three grand amount. So if we go the way we're going right now, the average guy coming out of college, making 50 at 22, 23, 24, 25, you ain't making 100 till you're 40. So if you ain't making 100 till you're 40,

you're paying 30% in taxes, that's $70,000 a year, that's $6,000. How the hell are you gonna buy a house? A $600,000 house, first of all, you need 20% down payment, 20% on $600,000 houses, 120, what do you find $120,000? You've been paying taxes every year.

You need someone to help you out. So to me, I think the messaging's gotta be from parents is one, what value are you passing down? Okay, what burden are you to be lifting off your kids? Okay. If I'm sitting here as a parent thinking, and if I have to decide between, let's just say I'm a regular person,

I don't have the money that I have right now. Say I'm making 92 grand a year. I'm having a conversation with my kid and saying, hey, Tick, really? Question for you. Would you rather have me pay for your college? Or would you rather have me give you $50,000 at 25 when you start your career or you get married and I help you out with XYZ. When

Jennifer and I were getting married, I had money in the back. I asked Jennifer to follow on question. I said, babe, do you want a house? Do you want a big wedding or do you want a big ring? I'm not doing all three. She's, and by the way the way for us and nobody paying for the wedding dog not from neither side because neither were families of money. Okay. Yeah. Yeah. Once from Arkansas and you know, uh, LaPore, Texas and the other ones a cashier at a 99 cents store. Might have brought a 99 cents clippers hat from 1990s to say, here's a gift. But they gave us a lot. That's what we got. We got nothing else.

I'm sitting there saying, which one do you want? And she says, babe, I don't care. You know, I have, you know how much I paid for Jen's ring when we got married? $3,000. I'll give you the exact number. $3,300. She wears it till today.

OK, till today. We kept a cash. We rented and I said, I'm not buying a house, because we're going to put this money into our business. And we had a big wedding. In our wedding, 450 people, it was great. We had a great time. Fantastic.

It was good to go. But I think those types of conversations need to be had more today to say, hey, kid, I can pay for your college or you can figure out a way to get through the next phase. And then when you get married, I got $25,000 for you. And when you decide to buy a house at 25 years old, once you show me you can make 80 grandier, or 100 grandier, or 60 grandier, I got $50,000 down payment to give to your house.

I think parents have to also realize we have some kind of a responsibility for them because the burden is a big burden right now on kids. Massive burden on kids right now. I don't know if this is a comfortable conversation. Anybody wants to talk about because the burden will be on a lot of boomers who are sitting there saying no, they need to take care of us. Man, you know, it's-

I don't care if it's comfortable or not. I think it's a very necessary conversation. I've told my kids and I know I think Bailey, the golf girl, is probably listening right now because it's summer and she and the bizzahk babe tuned into the podcast. I'm Bailey. But, hello, what she says, hello. And what I told her, I said, look, you will come out with no debt. I won't make sure through your college education is no debt.

But every penny you get of scholarship, whether it's athletic scholarship, academic scholarship, every penny that you can offset through your attainment is yours. And we're going to talk about how we use that when you graduate. You want to use it starting out? Fine. You know, weddings are a different thing. But Pat, I've told them. I've said, look, this is what I'm going to do. This can help you start if you're, if you're starting a business, whatever you're doing. But I'm not, I'm not infinite here. I'm not, I'm not an infinite piggy bank. This is what we have for college. If you contribute with good academic performance

and stuff, then some of that you're saving for yourself. And that's a contract that I've made with her and she gets it. Well, let me just say this, your daughter's very lucky. They have a father like you. Because you've done very well for yourself. You love your kids a lot. You're an ideal father.

You're amazing. Most kids don't have that type of parent in their life, meaning they might have the love, they might have the structure, they might have the values, they might have the principles, but their parents aren't in the top 1% to top 10%. So they got to figure it out elsewhere. I love the example you gave at the 25 year old who's making 50 grand, then he's making 52,

then he's making 55. There used to be a time in America a generation ago where a working man can have one job, the wife can stay home with the kids, he didn't need to work and he could pay for the family, the mortgage, the car, the dog, the fence, the boom, the everything, those days are long gone. So women work these days.

Now, a lot of times it takes two incomes to raise a family. You know, a lot of times they joke and they say that the richest people in the world are dinks, dual income, no kids, because kids are expensive, I think they cost about a quarter million bucks a year from zero to 18. And it's a situation these days, and women are making more money than ever. And they're looking at average men and they're like, why do I need you? I make more than you. That's why they're all going after the top 10% of men. And there's a whole dating situation going on these days.

According to the Department of Agriculture, I don't know why they're doing this. It cost $233,000 raised a kid from 018, unless the kid's working on a farm. That figure is likely closer to 288. But at another point, you talked about the burden, the baby boomers have sort of done the millennials of the Gen Z's dirty, right? They've run up the debt. They haven't saved a ton of money. You hear Bernie Sanders constantly complaining, you know, 50% of all boomers are going to

retire with no fork and money. But as Vinnie's favorite word, constituents, that's who's voting. So the politicians are always going to pander to the old people because they're going to come out and vote and they're going to vote on the key issues with your entitlement programs social security Medicare Medicaid those aren't going away anytime soon and it's them Yeah, and the politicians are also 70 years old. I talked about the same thing. Yeah, so you're looking at a mirror over here Let me let me let me tell you what I can't stand when parents do to their kids I just got to tell you now been around I was trying to study my my 20s about parenting and I'm like Yeah, my dad didn't do that.

My dad never said make money so he can take care of me. He's never once said that. Matter of fact, I had to force my dad to move to my house. He never wanted to come be a burden on me ever. He never wanted to be a burden on me ever. Like, it was hard for him to already move here. Now don't get me wrong, he's settled now, he's doing great, he's happy,

but he's still working till today. But I think when I see parents do stuff like this, well, you know, Joey here is going to grow up to be a professional major league baseball player. So daddy doesn't have to work anymore. You know what a turnoff it is when I hear a father say something like that. You know what a turnoff it is.

Well, I'm watching a Delahoya documentary that's talking about my dad told me, hey, me, oh, you gotta go be a boxer so we don't have to work anymore, we can stop being poor. Hey, why don't you do that? Why didn't you do that? Like, sales leaders, I'll see them talking to their sales guys and they'll say stuff like this.

Hey, you know, you need to go around a point in the 10 o'clock at night. And what are you doing at five o'clock? You're at the house watching Lakers play? You need to run appointments at 10 o'clock at night. You're telling you doing at five o'clock? You're at the house watching Lakers play? You need to run appointments at 10 o'clock at night. You're telling yourselves guys to go, how come you're not running to appointments so you can get the override?

It's this concept of people asking others to do the work that they themselves didn't want to do. Why not set the example for your kids? Why not set the example of you improving yourself in your 50s and your 60s? There are parents right now that are 60 years old, they're thinking they're dead. Bro, 20 men had died at 96. You got 35 more years of living to do.

And you're only 60 years old. This concept of, you know, my body hurts, I'm in pain, I'm in this, I'm in that totally get in my dad. If you look at his hands, okay, if you're around my dad, his stomach, you know, what do you call it when the intestines, he you know, what do you call it? When the intestines he's got a hole in it so the truth is no his intestines comes out all the way out here He has to wear a belt to push it in Okay, it's a abdominal hernia abdominal hernia hernia is what he's got he walks like a Hunchback of Iran, okay, Dylan Dylan makes fun of him every time he walks.

Dylan does the walk. Daddy, this is how Papa walks. And he does his walk and they're so funny. His hands are arthritis, okay? The guy was in a hospital a couple months ago. Never once has he used that as an excuse to not work and improve himself. Do you know how much relatives of my dad,

my mom said, couldn't stand him because he kept working and relatives that we had in our family since 40 years old have been bitching about not being healthy and there were 10 times healthier than my dad and my dad had 13 heart attacks. This is not a comfortable conversation to have, I totally get it.

Like I'm not gonna make any new friends today. I'm not gonna be like, I'm gonna walk in Palm Beach a 72 year old lady is going to come and say, Hey, how are you? You're an asshole. You know that? I can't believe you're on the work. No, I think the burden is being passed.

I raised my dreams. It's not becoming a reality. So can we save this thing in one year? No, this is something that can be fixed in 20 years. This is not a one year fix. But we can't sit there and say, let's keep passing down all this stuff to the next generation, screw them, they got to figure out they're younger. I don't think it's fair.

By the way, American confidence and higher education, down sharply. This is a Gallup poll, okay? Down sharply. Here we go. Cuomo, we're having a conversation with Cuomo in the back of the cigar lounge, and he's not sure if he's going to put one of his kids through college. He says, I'm going to have the kid maybe go one year to see what's going to happen with them.

That's a very normal conversation. People are having right now. Here you go. Americans confidence and higher education has sharply declined to 36% down from 57% in 2015. Okay, we're not talking about like a slight decline. In 2015, just eight years ago, we were at 57%, we're at 36%.

And when there's a 48% in 2018, only 17% have a great deal of confidence with 19% having a quite a lot of confidence. While 40% have some, 22% have very little confidence, all major group subgroups, particularly Republicans, have shown a decrease in confidence. Republicans experienced the largest drop following 20 points to 19% the lowest among group,

confidence amongst adults without a college degree and those age 55 and older are also dropped significantly. So watch this, Republican confidence, major drop off, confidence amongst adults without a Republican confidence, major drop off, confidence amongst adults without a college degree, major drop off which makes sense, they didn't have one either,

but the one that's confusing is aged 55 and older. You're 55, those are the people that tell their grandkids to do what? Go to school, stay in college, get a degree. Now they're saying, hey, Johnny, guess what? I change my mind. You may have other options. Democrats are the only subgroup with majority level confidence and higher education at 59%. There's a growing divide between Republicans and Democrats regarding their confidence with

Democrats concerned about cost and Republicans expressing concerns about politics and higher education. So guess what? Families are not even waking up right now saying, hey, let's send our kids to school. There's other ways to make money today. So Tom, for somebody that went to school, you were a adjunct professor at Biola, at Pepperdine. What do you see when you're seeing some like this and your daughter just three weeks ago got 1560 on her SATs?

So I see two things going on right now. Obviously, my social circle is a lot of conservative people that are concerned about, they call it here politics, it's quality. Dems are concerned about price, Republicans are concerned about quality, it's kind of interesting, it's a very economic balancer. But in my social circle, I'm seeing people very concerned about this and very concerned about sending their kid for school for anything except STEM or business or technical skill, meaning medicine.

Like you're going to be an engineer, that's STEM. Medicine, that's also STEM. Science, technology, engineering, math. Correct. Or they're going to get a business degree because they can apply that. If you want to run a nonprofit, go get a business degree because they can apply that. If you want to run a nonprofit, go get a management degree. You can apply that. So people are concerned about anything but that

because of indoctrination and quality on that side. On the other side, you know, people are concerned about the ongoing cost. And that's why Dems want, you know, forgive all the student loans. I bought and paid for something. I don't like it anymore. And now I want to get a refund.

It's basically what it boils down to. What I see is I see a problem with education itself that is run amuck. And you're talking about changes in government. One of the things that I would go after is, I would go after the enablement of student loans. Because if student loans get forgiven, what are the universities going to do?

Drop their prices? No, they're sitting on these giant endowments. So I'm going to drop the price because the next generation is going to get student loans again, they can charge whatever price they want and the federal government is a backstop of affordability so all these kids can just get the student loans and run the tab up again. It is a vicious credit card cycle. I think the problem is too

cited. It's the cost, the opportunistic nonprofit universities that keep raising the cost, and what they've decided to be woke in teaching, that's the problem. That is the whole problem. And on the other side of it, you got rational people are saying, man, if my kid's not gonna go into STEM or business, I'm really worried about this, because what are you gonna do with that education?

You know what it's like last night, it's midnight. This guy Plumber comes up and his name is Vinny. Okay, Senna couldn't believe it. Really? Yeah. So we're outside flashlight, all this stuff. Here's the issue. There's flooding everywhere. It's a mess.

And in my mind, while I'm walking up, he says, I'm about to give you the quote on what it's going to cost you to fix this. You know what I'm saying in my mind? Okay. So let's just say he says $1,000, which wasn't $1,000. So a lot more than $1,000. What am I going to say thousand dollars, which wasn't a thousand dollars a lot more than a thousand dollars What am I gonna say yeah, let me get a second

opinion at midnight Yeah, not have water for you also see your house see the house he sees the community or so then I'm like In my mind, I'm asking what's your number that you're gonna say no to yeah? Yeah. Then, you know what, one side of P.B.D. said, there is no number. I'm not joking with you. There is no number. What am I going to do? Yes, say no. The heater is about to explode, the tank, because dirt is going through it.

So if you leave it like that, it's going to go into all the, and then it's going to be a half a million dollar, a million dollar deal, because it's all this stuff that within the house. So he gives me the number and what are you negotiating? There is no negotiation. He'll leave. No, okay, no problem. You want to think about it? Yeah. Oh, cool. Yeah. Problems will be a bigger. But you literally have no power in this position. The only thing that that person has to think about is do I want this guy as a referral source or do I want this guy to keep doing business with me? So he can rip me off once and I'll never do business with him

and I still have to pay him and I'll tell the world about it or he can be fair and I'll continue doing business with him and I'll tell the world about it. Guess what? He tells me the price. I said why is this gonna cause us much money because this part is this much money. I go online, he was right, in front of him, I world about it. Guess what? He tells me the price. I said, why is it going to cause us much money? Because this part is this much money. I go online, he was right.

In front of him, I'm doing it. The part was $1,500. Then there's labor. Then him coming up at late. Then he's dug a whole thing. The whole guy's dirt. Dirty, all over the place on him, right? So I said, no problem.

Let's go ahead and do we cut the check. You know, a few thousand dollars right there, whatever. But what's the moral of the story? Guess what? The same way hospitals are not regulated on what they charge you. When you stay at that, there is no, you know, hospitals don't have a regulation of what they can charge you. Do you know that?

They can charge you. There is no menu when you go to the hospital and say, how much does this cost? How much does that cost? The same way hospitals don't have a menu with prices because they can choose whatever they want the prices to be Colleges don't have a regulation of what the price are gonna be colleges can increase it and say don't no problem Don't do whatever you want there is no regulation the only thing we ever did to hold hospitals accountable was in 2019 2020 Trump came up with a law to force hospitals

to put their numbers publicly, or else they're gonna get fined. Guess what, out of 6,000 hospitals, Brandon, how many of them have been fined? Four out of 6,000 hospitals have been fined. Four out of 6,000 hospitals have been fined. They're like, screw you, we're not gonna put these numbers publicly.

Only four have been fined, and the fine is like 20 grand. It's not like a big fine that they're doing anyways. They want to raise it to 2 million for bigger hospitals. More all the story here right now, there has to be a major shift in the way the economy is going. People's income hasn't exploded. The sole concept of the rich getting richer, poor getting poor.

Middle class. The middle class is gone.fk talked about this recently up when he was talking to Debbie Wasserman if you can pull up this story Rob to go transition into that he said that's the only thing that sustains democracy pat is a middle class and that's what they've been trying to get rid of is the middle class because if you just have rich and poor it's let me let me read this. So RFK's RFK junior snaps at Debbie Wasserman Schultz. You are slandering me. This is a story that just came out. This was what a couple days ago. Yeah. Last week. If you have the

clip on Twitter Rob to show it. Let me see your page seven. So RFK sparred with Florida rep by the way. Yeah. Florida represent Debbie Wasserman Schultz over his history of controversial statements on Thursday, testifying before so-called House subcommittee on the weaponization of the federal government, Kennedy denied the congressman's congresswoman's characterization of his comments that COVID-19 may have been ethnically targeted, affecting Jewish and Chinese people less than others, as Wasserman Schultz attempted to cut them off. Kennedy got frustrated. You are slandering me incorrectly, which your saying is dishonest. Angerly pointed a finger in her direction, asked about another one of his past statements in which he invoked Nazi

Germany while discussing COVID-19 public health restrictions. He again barked back, congressman. What you're saying is simply a lie. Can you pull up this video? How long does this video rob? Two minutes, 39 seconds. Go ahead. We'll play part of it. Go for it.

Mr. Chairman, we respectfully requested that you rescind Mr. Kennedy's invitation to be here. Sure. Here, here, due to his repeated and very recent statements that spread dangerous anti-Semitic and anti-Asian conspiracy theories and attempted to move into executive session because House rules prohibit public testimony that degrades or defames people. His reckless rhetoric helped fuel anti-Semitic incidents, which for the record are at the highest level in the United States since 1970 they have nearly tripled in the last six years.

Since you gave Mr. Kennedy a megaphone today I want to give him a chance to correct his statements and prepare some of the harm that he's helped cause. Mr. Kennedy, you're well-educated. So yes or no, please. Are you aware that for centuries, Jews have been scapegoated and blamed for causing illnesses like Black Pelegue and more recently COVID? I am, those are known as blood libel, and they are one of the worst and most disturbing parts of human history.

Good. I'm glad to know that, of course, that you acknowledge that. Of course, it's true, and while documented that this permission to runnicious form of anti-Semitism led to centuries of discrimination, even horrific programs and massacres, and it still fuels deadly violence today. Yet, last week, you floated a baseless conspiracy theory

that the coronavirus was bioengineered to target Caucasians and black people, but to spare Ashkenazi Jews and Chinese people. Mr. Kennedy, your bizarre, unproven claim echoes that same historic slander of labeling Jews and Chinese people as a race, and that Jews, and in this case, Chinese people somehow managed to avoid a deadly illness that targets other groups for death. You do see that, yes or no? You're mistating. No,ating. No, no, no. I quoted what you said earlier, and it is directly what you said. So just ask me. No, I was describing an NIH funded study.

No, no, no. You did a study. I was describing an NIH funded study by Cleveland Clinic science. Reclaiming my time. Reclaiming my time. You did not refer to it. Reclaiming. Pub I'm reclaiming my time. You're reclaiming. Publishing USD medical, which is my. Hey, this time is mine. I'm reclaiming it.

Please ask the witness to stop talking. You ask me a question. Reclaiming. Allow me to ask my question. Mr. Chairman, I'd like about 10 seconds. The time is time to launch. Slandering me. Time to launch.

Time to launch. His name is Designis. I'm going to hand him. No, no, they can't send all of them. I'm excited. directly. I'm wondering if you're saying this on this. They can't stand him. No, they can't stand all that. I'm Mr. Chairman. I'm also gentle. I'd like 15 seconds back.

We will be happy to give you that. Thank you so much. We will be happy. You did not cite any study like you are citing here now. During that conversation, you referenced no study at all. You simply labeled Jews and Chinese people as a race. And you also said that somehow they managed to avoid a deadly illness that targets other groups for death.

You don't see that, you're trying to rewrite history here. Okay, so reaction to it, right? You're seeing what's going on, go ahead Vinnie. Well, first of all, let's just, I don't want anybody to forget who Debbie Wasserman Schultz is. She knows who she is, right? You know, during the 2016 election, first of all, I wanna make one point.

Look at, look at what happens when you work with the Clint. This is Debbie Wasserman Schultz 2016. And once you start working with the Clint, something happens, and show her photo right now. Look at that, is what happens to you when you're in with the Clint. And Patrick, mind you, she was, she was doing the,

It's not the same person, isn't it? That's her, that is her. That's the Clinton juice inside you right there. So listen, she was a DNC chair. Well, she obviously didn't drink that. She didn't drink any of the chrome. She doesn't drink any. Looks like a drown.

You guys know what happened? She was a DNC chair and then WikiLeaks released a bunch of emails between her and the heads of the DNC trying to oust Bernie Sanders. So that's when you're evil inside. That's what comes out to you. But Pat, let's not forget. This is what happens when you're trying to run for the Democratic Party and you've said

stuff like verbatim. Democrat Party has become a party of forever wars, the party of pharmaceuticals, and the party of censorship. Okay? He's doing exactly what his father and his uncle tried to do, and that's helped the American people, but when they want to knock you down, what do they go to?

What's their playbook? Your racist, that's number one, and mind you, this is a censorship meeting, and they're hearing, and they're trying to censor a guy. And everything that she said was completely false, and think about this, the fact that they can't assassinate them Pat, because you know what everybody has a camera it's not just the pruders with one camera on the grassy know

everybody has a camera if they could kill him they would but they can so when they can't assassinate you would have gone they assassinate your character ice all those videos he doesn't say any of that in that concept this is supposed to be a hearing hearing is supposed to be a two-way uh... exchange for congress subpoena's you and experts presented by the government and people that are there like the social media people are there Are we really having teen suicides here and they bring everybody together and they debate it? She is sitting there and trying to corner. Okay, I'm gonna talk for

60 seconds. Yes or no please. Yes or no please. And it's like, I can't answer that. Yes or no. I can't answer that. Yes or no. You're asking me a question. It invokes dialogue. And this is Debbie Washington.

Both sides do to each other. To be fair, both sides do to each other. Republicans do to them. Dems do to Republicans. But that's not the concern. The concern to me is how much they fear him. Big time. How much they fear him by the way. That's not the concern. The concern to me is how much they fear him. Big time.

Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time.

Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time.

Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. Big time. for me. He's done done. He's ran as a Democrat. He can't run as a third party. By the, at the end, he's gonna make a lot of noise. He's gonna do what he's doing and eventually he'll be out

and they're not even worried about RFK. They're not even sitting and worried about him, but they fear him, they can't stand him. He's in the way and the same exact way, by the way, look at the profile of the establishment who they like and who they don't like. You wanna know who the establishment likes? Here's who the establishment likes.

The establishment loves, and this is what Chris and I disagree because everything he said to me, I'm like, you sound like an anti-establishment guy. What happened to the last two and a half years? We've had a lot of good conversations the last couple of days, but you know, the anti-establishment, this is what they don't like. They don't like somebody they cannot control, okay? They like people they can't control. They didn't, they couldn't control Andrew Cuomo, and of course, he had some issues in the past, but you've known

that for many years. So the DNC just waited until they knew they couldn't control them. I bet there was a call, again, this is speculation. I bet there was a call saying Andrew, if you don't do ex-wisey the way we want it, here's what's going to be happening. And guess what? What do you think Andrew probably said? No, boom, you're out, you're fired. Immediately is fired. Hey, guess what? RFK, here's what we know about you. If you don't come out and follow order, guess what? You're going to be fired. He's not doing it. You think this is the worst of what they're going to do to them? Oh, no. This is just the beginning what they're going to do to this guy.

The best stuff they're hanging on to is the next couple months here, what's going to happen to him. But the whole conversation here started with the fact that the way America is going today, the way America is going today, the future is going to be not necessarily that bright for the next generation because the future is going to be filled with burdens for the next generation if we don't make better decisions today. College education is being challenged,

beautiful thing. Our current system economically is being challenged, beautiful thing. Our term limits is being challenged with Congress because they're not making the best choices. All they're thinking about is what can get them reelected, beautiful thing. There's about five or six things we can do to put accountability onto people that they can get fired. If we don't have that, it's gonna be gone. One of the things I love, the difference between insurance

and mortgage and real estate. Check this out. Think about the level of accountability. This part sucks about insurance, but it's also great about insurance. So watch this. If I sell you a million-dollar house, I'm a realtor. I sell you a million-dollar house. It's Tom's house.

Tom bought this house 20 years ago. He's got a $500,000 loan, okay? And he is now selling it to Adam, okay? So Adam pays a million. Tom walks away with what? Half a million. $500,000 minus whatever he picked to the seller's fee. I'm his realtor. And I walk away selling a million dollar house at say 4% 5% let's say 5% $50,000 commission. I'm at 50% I just got what 25,000 dollars the bank you Vinny working for biavay get the loan so you gave him a loan of a million dollars and let's you say 6% today so you're like yeah no problem I'll give him a loan for 6% based on his credit he walks over with a half a million

I walk over with the commission he's not living in the house, you got the loan, okay? Six months later, if Adam says screw this, I don't wanna make the payment anymore, okay? I don't wanna make the payment anymore. What do I say? Can you call me and tell me, hey Pat, this was your client, you sold it to this and I, no, I got my commission, he can't do nothing to me.

Can you the bank go after Tom? Nope, Tom got his money. He's sold his house. It's not on him. The only person right now that is left with that debt is who. You. There is no charge back to me. There is no charge back to Tom.

And guess what Adam's going to say? I'm not going to make the payments for you. And guess what? You can't kick me out because there's laws in different states that you can. I don't know what the names of those laws are, but you can't kick me out. I's laws in different states that you can, I don't know what the names of those laws are, but you can't kick me out. I'm staying in this house, okay?

So in insurance, here's how it works. Here's the client, your AIG. I sell him a million dollar insurance policy and it's $250 a month. You AIG pay me an advanced commission, one your advanced commissions. Let's just say you pay me $3,000. Make sense?

If three months later, Adam says, I don't wanna make the payment anymore, and he says zero, guess who calls me to go collect the payment from Adam? You A.I.G. And guess what you tell me? If you don't collect the payment from Adam, you're about to get a charge back of $3,000.

That money's gonna come back to us. So guess what I'm doing? I'm calling Adam to make sure we collect the money. This is why many realtors and loan officers don't want to go into life insurance because they love the fact that it can sell and there is no charge back. And this is why, in my opinion, insurance agents are bigger professionals because they have to follow up. And if you're not a professional, you're out of the industry.

There's a reason why it's a great life long term. So what's the moral of the story? I just gave you a master class on how insurance and real estate pays commission. The more we can have accountability of multiple parties, this is happening with Medicare and Medicaid. The health insurance company gets their premium on a monthly basis, they pay their deductible, whatever it is, and they walk around.

I got my money, I don't have to worry about it. It's on you now, hospital, go collect that money. You got to do what you got to do. The more there's accountability to education, why are you charging this much money based on what? Why are you doing this? Why are you charging us so much for Medicare and Medicaid? Why are we not finding out about all this cost? If we can get everybody to be publicly held accountable

for the decisions they're making, everything would change. What did Warren Buffett sayets that he said i can fix and the national debt problem in five seconds by doing what if we've got to sports rather if you can pull this up it's all over the place war and buffet how to fix the national debt you just got to type that into twitter you had a whole fact that was quick it was quick it was very just type in war and buffet national debt just type in national debt it was he was in a second he was eating ice for seven seconds go to videos don't give what he says

Let's see what he says himself so but right there click on that one right there make that bigger. Yeah, it's 42 seconds Can you play that? Oh? Okay, if you can make that bigger audio beautiful that can perfect watch this is Warren Buffett hundred billion out of guy Here's what he says go for these problems are problems that have built up over decades and there hasn't been a Congress that's been mature enough or a president that's been mature enough to take this head. I can, I can, I can end the deficit in five minutes. You just pass a law that says that anytime there's a deficit of more than 3% of GDP, all sitting members of Congress are

ameligible for reelection. Yeah. Beautiful. Now you've got the incentive to the right place right now. It's all you have. It's comfortable for the government. By the way, that's accountability. Big time.

The curse award in America, the last 30 years, has been accountability. If we can bring accountability in hospitals, in Congress, in Medicare, Medicaid, in real estate, in education, a lot of things are going to change. But they fear that one word, accountability. They fear that one thing, because you can get away with murder if there's no accountability. So there's one side of the political spectrum, Pat,

that's been preaching and controlling people by saying, you're not accountable for that. You've been victimized, and I'm here to help you. And how has that been working out? Terrible. How has that been working out? Terrible. How has that been working out? How those people, okay, has your hero of victimhood helped you over the last 20 years?

Are you better off than you were 20 years ago? No. But you keep voting for it. It's crack cocaine now and you keep voting for it. By the way, so we talk about this stuff. You can say, Pat, you're crazy, that's insane, it's not fair. What about this? What about that? Some of you may say like, when I did the interview with Anthony Wiener,

and obviously I said, I would never bring up Franzel Drip, because it's irresponsible, right? I would never bring up. After 9 out of 12 cops that committed a suicide within a few months, that's irresponsible. And then I talk about why are all these people dying? Dying, and I said, your reaction is an answer to Anthony Wiener, right?

And media reacts to it. People write about it. There's all these other videos, but guess what happened? Maybe you didn't influence a few people to go look into it and say, why is this happening? Matter of fact, just this couple of days ago, yesterday, story comes out about what?

A story comes out about Barack Obama's chef personal nine one one phone call for Obama's chef reported possibly drowning mark does vineyard is plunging to chaos as body of ex-presidents cook forty five years old is found hundred feet from shore in paddle boarding drowning accident let me read the story to you and we're not tying the two together by the way. This is just a story of people to do research.

So it says, Tafari Campbell, great name, a former chef for the Obamas, was found dead in eight feet of water after a possible drowning incident while paddle boarding on Edgar town, great pond Massachusetts witness, witness of saw him struggling to stay flowed before he went underwater on 746 pm Massachusetts State Police US Coast Guard and local authorities including Edgar Town Fire and Erwin were

part of the rescue mission Michelle and Barack Obama pay tribute to Campbell stating to fire he was a beloved part of our family a warm fun extraordinary kind of person who made all of our lives a little brighter Campbell was known for brewing White House honey ale beer and was one of the four White House cooks asked to stay under the Obama administration when the story first broke a lot of different media outlets said the fact that he didn't know how to swim Matter-of-fact there was a post of Instagram of Him hashtag still don't know how to swim or

something like that. I don't know if you saw that or not where he didn't know how to swim and then a video appeared Rob I don't know if you have the video or not there's a video of him of him right this is him this is him on Twitter if you can play this clip he knows all the swim pack he's so this is him swimming that's pretty solid to swim like that. That's backstroke that he's doing there. He's flippers on. He says progress, fit chef. And there's one way he's doing the backstroke.

He's doing the butterfly thing. Yeah, so this is like, I don't know if I would call him an Olympic swimmer, but I think he knows how to swim. Okay, and if you're an eight feet of water and you don't know how to swim, all you gotta do is. Look, he's doing the backstroke.

So look, the story first said you don't know how to swim all you got to do. Look at he's doing the backstroke. So, look, the story first said he didn't know how to swim. Then this came out that he knew how to swim. By the way, he had twin sons with his wife. Yeah. He had twin sons with his wife and the story's out. While we're watching this, Alper, my chef is standing next to me saying, Alper, did you see the story? He's kind of like, you know, I was saying earlier, he ran out.

I haven't seen a chance. He just took off. Because he doesn't know how to swim. Did you see? Well, first of all, paddleboarding, there's no weight, there's no waves, there's no nothing. It was late at night.

He was with somebody else, he was with another male, which nobody knows what happened to that guy. And then Hillary Clinton, I guess, had the same, not the swimming incident, but didn't one of her chefs pass away. This guy, he died by drowning in 2015. It's just a weird coincidence that these people are just randomly drowning and dying among you.

If you're not home, is your personal chef chilling at your house and swimming, and is Albert hanging out at your house when you're not there? What I'm not there, no. But I don't think that's a, that would be the reason to jump into conclusion that something could be happening The whole point is when when some like this happen you like for example

I went and ate at this one restaurant MC chef. I don't know what it's called. It's a beautiful place in Miami and Sam and I are there and I said so tell me the history about this restaurant I asked the waiter and the waiter says oh, you don't know destroyed this restaurant now. He says the chef Used to cook for the Miami Heat all the time. So Lebron, wait, everybody would come here all the time. I said, no way. He says, yes, he says, you know what happened.

I said, what? He says, Lebron liked the chef so much that he hired him. And they moved to LA with him. I was like, oh, cool. Nice. Because this happens. Like for me, there's a guy right here I like to go to a restaurant.

I go to, I really like the way he does things. If one day I run a restaurant or we do anything, I would like him to come with us because I trust him. There's a relationship with a chef so Obama's obviously trusted these guys. So let's just kind of look at it without jumping into conclusion with anything. They like the chef so much. They said, hey, why don't you come and be a chef for us. So take all the other stuff that people are speculating. Something could have happened. Something was natural. It took place. It's tragic, et cetera, et cetera. Yeah. Great. They were out take all the other stuff that people are speculating, something could have happened, something was natural, it took place, it's tragic, et cetera, et cetera. Great.

They were out of town, some like this happened. Now, the other side is, if you can play this clip, this is from June 24th of 2015, if you want to play this. I know how Walter Sheeb died. His body was found Sunday night, just off the Bacanian trailhead in very rugged terrain. New Mexico State police say after an autopsy the medical investigator reports Sheeb drowned and his death is officially an accident. She moved to Tows in March. She a friend told our partner's the journal. He's made his ship close to the press and he previously

went to the chef in the White House first under Bill Clinton and stayed on when George W. Bush took over. Last night, President Clinton released a statement reading in part, Hillary and I are saddened by the tragic passing of former White House executive chef Walter Sheeb. Our family was grateful to have Walter with us in the White House for six years, where we and visitors from around the world loved as delicious and creative meals. And former First Lady Laura Bush added, President Bush and I are saddened by the tragic death

of former White House executive chef Walter Sheebb. Walter was an outstanding talent. He prepared magnificent dinners for world leaders and delicious fair for our family and friends. Georgianized and our heartfelt sympathies to Walter's loved ones. He would say, I would say a couple things. Number one, moving forward.

Before he become a chef at the White House You have to take a one-month swimming lesson. We like that has to be mandatory moving forward because we can't afford these assets It's a pattern. So now somebody may say come on guys. I can't believe you're going there Do you know establishment presidents, you know chef, you know drowning all those three are pretty establishment type of presidents a little bit weird that the average person is saying That's kind of weird, right? So why do we talk about this kind of stuff? We're not talking about the Educational system is there reason to send your kids to school or not? You know what it does? Somebody watches it and they go take a deeper dive and say this is my cause

The other night we're doing an event here with Dave Smith we're in the back. Have instead of cars What a bunch of different guys and everybody's asking these questions and saying so what do I do next? What is my cause? What is my fight? What is my this? There's about a hundred fights you can pick and choose. Okay? One could be you don't like the educational system in America be obsessed about it go study every single thing you can about the educational system in different countries. What's right? What's wrong?

What works? What doesn't? Become maniacal about that one topic. Another one could be what's going on with LGBTQ in schools and what they're doing. Go spend hundreds of hours just studying that topic. Know so much about it on how other countries handle it and come out and say why are we doing this? This is kind of weird. When did this happen?

Like the video we did with the LGBTQ video in schools being exposed, the dark side of it. Go to your own due diligence with it. But the point is, we do this podcast and we bring variety of guests for it to spark. Like I just watched right now in the comments section, Eric Rodriguez. Is it a Scott Rodriguez? I'm sorry, Scott Rodriguez has been a member of P.B.D. podcast Pain on a Monthly Basis for 13 months now. Congratulations Scott

we appreciate your loyalty. But he just quietly we don't normally recognize these guys. He just bought 10 memberships for other members to be on the P.B.D. podcast right now. He did that shout out to you Scott. I'm sure we got to see you with the events event. He's the one they give you the world war two. He's the one that gave me a sick gift that got me emotional when I read the note. But we do this and then people go and they can come back and send an email and say Pat this is where you were wrong. All ears. Great. I want to read about it. Tell me expose it or Pat. I didn't think you even went that deep into it. You guys should have gone deeper or Vinnie. That one thing you talked about read this article hey Tom can you read that article Adam can you read this article and then the stories go

more and more and more but I think it's just a little bit weird that all of a sudden chefs have a pattern of disappearing from three presidents that are very close to you. Pat I'm all about patterns and I'm not a conspiracy theorist but isn't it weird you tweet that Hillary yesterday and all of a sudden you're plumbing is something a sudden, your plumbing is something's wrong with your plumbing. I'm just throwing that out there, Pat. Something's wrong with this plumbing,

all of a sudden, in a multi-million dollar house, all of a sudden, there's poop stuck in the pipes. I don't know, Pat. That's... I don't know, you have a sewage fountain and reflecting pool in front of the site. Yeah, I think... That's Hillary.

You saw what happened, oh, Debbie Wasserman, Shultz. She looks like an alien now. You gotta be careful, Pat. Yeah, I think that's how it happened. Oh, Debbie Wasserman Schultz, she looks like an alien now. You got to be careful, Pat. I'll never think about it. I think it's perfectly acceptable for the line of questions. Although the most interesting thing, the whole thing is the Clinton quote about losing their chef was actually dated a week before he died.

So it's sort of interesting. Maybe they were going to be out of town. They were going to be out of town the following week. And I had to just be sure they, you know. I think it's perfectly acceptable for the line of questioning that you used on Anthony Weiner, especially how close he was with the Clintons and all the stories and the narrative that have been surrounding that.

At the same time, let's not rush to judge. Never even speculate on what the Obama's did or the Bush did with the chef. I think it's a little too premature. I think that we're, it's well within our right to bring it up, no doubt. Do I think there was anything nefarious? Do I think that the Obama's had the chef killed?

Because no, I'm not there. You know how I feel about that. I'm 100%. But you do your thing. Yeah. I'll do my thing. I think that it does deserve attention, you know? And if you do want to look into it more,

something tells me there was nothing the farthest going on here, but we'll see how the front's going. There's a 99% chance. There was nothing the farthest going on. Zero. Zero. But here's the part.

The one thing we need, does that mean the 1% chance doesn't require a level of accountability and due diligence and research? Not at all. Go look it up and see what comes up. But there's the 1% chance doesn't require a level of accountability and due diligence and research? Not at all. Go look it up and see what comes up. But there's a 99% chance there was nothing the fariest going on here. In regards to Hillary Clinton, different stories, one too many names. I think I'm not at 99% chance.

I'm probably closer to a different percentage, but it is what it is. So, I want to show you a clip here. Why the American people, if you're somebody that's watching this insane, I don't know if I trust the government as much as I used to, maybe you have a valid reason. Can you play this clip? What? Can you play this clip?

Oh, by the way, yeah, LeBron James Sun just suffered cardiac arrest. What? Groni James suffers cardiac arrest class on the USC court of LeBron. Just now. What the hell? Oh, shit.

This just happened right now. Yeah. Cardiac arrest? Yeah. I was gonna finish you asked with the story. And again, Pat, you know, people are going to ask, you know what, you know what's going to happen? Oh, was he vaccinated? That's going to be the number one question.

Was he Vax? Because you know, LeBron is 100%. I want to find out if they, he's an 18 year old super athlete, son of a billionaires. Why is he collapsing? Now this, that is a story that we can discuss and speculate. That is very weird. When we scroll down, is there any justification?

Because that's going to be the question. And like the same thing with Jamie Foxx, is the question is, are you Vax? Are you boosted? Are you? The eldest son of Lake or Supercell that was hospitalized Monday, have to go into cardiac arrest, collapsing during a basketball practice.

He's 18, placed in ICU, now in stable condition. He was practicing suffered cardiac arrestducaryctal arrest. Medical staff was able to treat Bronnie, take him to the hospital, media update, more information. So, then, I'm publicly deepened. Well, I have another article here that says that, and I'm gonna upload up,

and it says that the Bron James end his family are vaccinated. Yeah. There's not listening back. And I, very strange. And I'm, you know what I'm getting this again, tired of. People that are just like the Anthony Wiener's pet, they're like, no, you guys, people have been collapsing.

And people are, I've been alive for 45 years. And I pay attention. Never in the history of my life have I seen this many people, these ages, college people, interviewers, the soccer, that soccer interviewer just passed out and fainted, no, it's not like other dehydrated. No, something is going on, and there's no excuse.

You don't think he's, he's seen by doctors, and he has, he's in tip-top shape. The, the son of the, the dopest basketball player in the planet that has all the mind of the world, an 18-year-old has no business collapsing. Very weird. I'm sorry, bro. Let's see this. So like, Doug Pagas said, do your research dig into him?

And you said they are vaccinated, Rob? Yes, it's according to that. And how many boosters? God knows how many boosters? Who knows? Well, listen, this has happened a couple of times. I think it happened Peter with Reggie Lewis, right? It happened with them.

And it also happened with Pistol Pete. When it happened to him in Pasadena at a first Nazarene church actually, I used to go to that place in a pickup game, he had a heart attack in the middle of the basketball game and he just collapsed. So it's happened before. Yes.

This is not the first sort of last time that it happened, but we're gonna see what kind of investigation they're gonna do into this, because it shouldn't be happened into a healthy 18 year old kid. It happened the March of the Aldridge a year ago had to sit out an entire season for hard issues. Yeah.

Who's the boss? Chris Boss had something. Boss has got. No, he had blood clots. More morning cats, something as well. Years ago, Lonson, morning, I don't know if you remember when he had to do this surgery. This is very weird. This sucks.

This is sad. This is horrible to hear. Let's not rush a judgment. A lot of people rush a judgment about Jamie Foxx recently. He just came out and Basically said I'm back. Yeah, and there was there was some sort of I don't know if it was a stroke situation Well, that's a thing nobody knows. Yeah, nobody has any light about it But it is very weird. Let's read the question. What's going on? It's too early. Listen to Lebron if there's one thing I don't agree with Lebron on many things.

Lebron's the way his relationship is with his kids on how he allowed his son to change the name from Lebron to Bronnie to have his own identity. Everything about him as a father family he does it right so props to him in that area and I'm sure the last thing you want is a father going through the pain of seeing something like this and what your son. Totally agree with that. Forget about the fact of seeing something like this and which your son. Totally agree. Forget about the fact that it's embarrassing or whatever it's public, the pain of a father and a mother going through.

So let's let's let us think uh uh uh uh come out we'll see here more stories about it later on. So go to this clip here, little weird clip when I saw this clip. So here's somebody that's given a message reading something and I want you to see the girl in the back on how she's just watched it's a little weird okay tell me if this is a little weird is it plastic? Pat go ahead and play this. Welcome to the audience.

Watch this. The girl in the right corner. Listen. Can you raise the audio or that's it? Well, she's looking. Yeah, she looks like she's a pastor. No, she wrote it. She took place on July 17, 2023.

Oh, she's going. No, she's reading it to herself. The question was asked, OK, if someone were to leave here today, we're to leave this interview and we're to suggest or imply that when you said the laptop was real, that it meant that the FBI had have permanently terminated on 2020. That the laptop belonged to Hunter Biden, that the contents belonged to Hunter Biden. That doesn't look like a viewpoint.

You blame poker again somebody like that. She has a set off the table. What you said, correct? Answered by Ms. Demlough. They would be represented. Look how she could have said. She popped her own. She doesn't have much knowledge of that. That would be mixed represent. You put the road to a lot of knowledge of that.

That would be mixed represent. Yeah, you look at a she wrote that. I said, I wrote it. She wrote it. They may be. That's about it. She wrote it. She wrote the speech.

She goes right. It's a little weird. So we had. Ghost painters, Ghost writers. Ghost. I do think that is though. I feel like staffers are writing speeches all the time.

I don't think that's- Debbie Wasserman shows in a way when she wrote that. I don't think that's the part that's weird. I think the topic of this issue is very weird. They're talking about Hunter Biden. And, you know, for her to be sitting there freaking out with the words that coming out of the person that's speaking, you know, it's a little bit concerning that she has

to correct the person that doesn't know how to, you know, that didn't even write it. Shocker, the politician is just reading words that are on the screen like Ron Burgundy, I'm weird. Weird. Yeah. Well, stay classy Adam.

Of course, yeah. How would you say, Leanne, they're speaking on something and somebody kept popping up like that. That wouldn't play well. I don't know how many leaders that would play well. Be like, hang on a second, don't interrupt me. Let me deliver, look, I have to deliver a speech,

I have to make a statement for better for worse, I have to do it, but don't make me look weak by popping up next to me. Forget about the week, this to me was a little bit weird on the way she was handling her stuff. I may have a conversation with her and I'm gonna say, can we have a conversation? I want you to watch yourself on this video.

Why do you look like the Junabama, like you're tied up with all these bombs around you? Relax. Right, take it easy. Just sit down and you know, correct me if you need to, but why'd that look off your face? You look scary. Anyways, Netanyahu warns Israel is on the brink

of a military coup. This is a story from the Jewish press. Israel Prime Minister Benjamin at Naan Yusuf is warning about a potential military coup stating when elements and military try with threats to indicate to dictate policy to the government. This is unacceptable and any democracy if they succeed in dictating their threats. This is the end of a genuine democracy. Netanyahu accuses Prime Minister Ehud Barak of being the mastermind behind the Qutam funding and orchestrating protest. Barack's 2020 video interview is inside it where he discussed methods leaders and goals of protest

movements clashes between the government and them demonstrators have been escalating with reservists and military personnel experiencing, expressing reluctance to comply with the government's policies. There are concerns about possible use of force and disruptions going on here. So Adam, what's going on here right now with Israel? Yeah, well, this is a story that I've actually been following pretty closely because I was just in Israel, I don't know, three weeks ago. And amazing place, amazing country, went and saw Jerusalem, Tel Aviv, I went to the Armenian

quarter, I saw your people, I went to the Christian quarter, Tom, I saw your people, I went to the alien quarter, I saw your people, went to the Jewish quarter, I went to the Muslim quarter, I went and experienced it all. But what I did see specifically in Tel Aviv were a lot of protests At the train stations and I told my buddy who is Gemarang, what's going on here? They're like Netanyahu Protests it's going on. He's trying to be a dictator and Judicial reform. I'm like what is going on here right now? So I explored this a little bit more and I've been following the story here Here's what I've basically uncovered.

So essentially, there's the best way to understand what's happening in Israel's, the closest analogy that I can make to BB Netanyahu is, it'd be like, let's say Donald Trump was president for multi-terms. Yes, okay, because BB's been in politics politics i want to say the prime minister in a politics for twenty years but basically he was

accused of all sorts of stuff he's that he's on the lehude party which is the right wing conservative party uh... and he was basically uh... convict uh... accused of legal actions in bribery and all this kind of stuff, but he came back. It's almost like a Zip Trump won again in 2024 after being removed in 2020.

And he's back. And here's what I will tell you, just to kind of start the over arching steam here. Just like in America, there's liberals and conservatives and all sorts of things. It's all that and then some in Israel. So if you go to Jerusalem, it's very religious. It's very conservative. It's orthodox Jews. If you go to Tel Aviv, bro, that is LGBT pride central.

Like it's to the point where I'm like, whoa, relax. It was great. There was more pride flags in Tel Aviv than there were Israeli flags. It was quite shocking to me. Now they said, well. There was more pride flags in Tel Aviv than there were Israeli flags. It was quite shocking to me. Now they said, well, it was just pride a couple of weeks ago. They haven't removed all the flags, but it's very, very, let's just say, woke.

So what's happening right now is since BB Nyan, who nobody's denying the fact that they've had amazing economic growth in the last 20 years, nobody. Israel, there's a book that I read years ago called Start Up Nation, the technology sector, the military sector, the business sector, the entrepreneur sector, have grown exponentially in the last 20 years. Yeah, here's the book right here. It came out in 2011, exactly. So nobody's denying that.

What they are basically saying is that BB is basically becoming more of an authoritarian regime, almost like Trump's back. He made it back in office, and now he's trying to take a stronghold on the country. And let's not forget, Israel is the only democracy in the Middle East. Some countries are closed, some say Algeria, some say Lebanon-ish. That's the only full-on democracy. That's why their interests are aligned

with the United States. There is a common interest and shared values. To be clear here, what BB Netanyahu is doing the following. He's basically doing a judicial overhaul. Essentially, what his premise is is like, look, the Supreme Court has been too activist and too liberal for many years. It's time for us to take it over. So what's happening is essentially the probably the most serious domestic crisis, possibly ever in the

75-year history of the United States. We all know that they have foreign issues with Iran, with the Palestinians, with Middle Eastern countries. But this is probably the biggest assault on democracy, the biggest issue that they've had in 75 years. Now, his coalition is basically saying, we're with you, the Supreme Court has way too many problems. The people on the left are basically saying this is overreach, it's playing out and we know ultimately it comes down to this democracy is ugly uh... people voted for

bb net niahu actually think he's a strong leader a capable leader but i'll actually completely understand the people in the left that are basically saying no the supreme court should not be essentially shut down and quelled. And they're worried that he's becoming a strong man. And at the end of the day, I think what does it charge you'll said? Democracy is the worst form of government, except for everything else.

We're watching how the sausage gets made. It's not pretty, it's not fun to watch. But what are your alternatives? Saudi Arabia, Iran, Libya, Syria, Lebanon? I'll take what's going on in Israel over any other country in the Middle East. Yeah. You know, when I think about Netanyahu, I see somebody, by the way, they reached out about wanting to do an interview.

So we're right now talking to see what's going to happen. You know, we don't want to do a one hour one. I'd like to do two hour one because I got a lot of questions to ask. So we may go actually fly out there to do the interview. If so if it doesn't happen, it was more of an hour one. If it does happen, know the fact that it's going to be a two hour interview. It's called Ketsi Ketsi.

We meet in the middle 50, 50 and a half. I'm more two hours. So if they do it, we'll fly. For me to take time to go out there. And by the way, respect to him. He's I don't have. I'm more two hours. So if they do it, we'll fly for me to take time to go out there It's and I by the way respect to him. He's got a tough job. He's got a lot of other responsibilities But we would love to talk to and we love to talk to a lot of different people But you know when I see Netanyahu I see someone that wants this job Like I see someone that's been wanting this job for a very, very long time and he was upset that he was ousted.

Okay. This, this is the part where I always ask myself, what is Tucker's vision? Does Tucker want to go follow a Netanyahu Churchill type of a model as a journalist who has been, imagine if you are someone that's been in journalism in debate for the last 30 years, 20 years, and all you do is read every single story Who else knows the story is better than you for 20 30 years and your charismatic and you got a personality and your true believer Any or on debates that you've been debating for 20 30 years not like you don't have a way of doing it But it'll be interesting to see what happens in Israel, but also at the same time. I think You know Tucker has to answer a question does he want to be the Net Niyahu Churchill of US? We'll see what happens there. I want to wrap up the podcast with 1101. Did you want to say one final thing on this?

I'll just say one thing. You're talking about the US and how we, there is conversations within the United States right now because how that's applicable to us as a major ally. Joe Biden has not invited BB Netanyahu to the White House. He did invite President Itzak Hursal is his name to meet with him. So there is this pulling of the strings here. Trump is famously touted.

I'm the most pro-Israel president ever. We know that. He said that a million times. So we'll see how this shakes out on the coming of the 2012 for election. If it is Biden, if it is Trump, where a lot of Republicans are basically calling out Biden, there is that sort of delicate dance happening in Congress as we speak.

And to be fair, the day Biden won, one, the first people to tweet world leaders to tweet out, congratulations. Congratulations, Biden. Yeah. Yeah. He found people like, oh, I can't believe he did that because he wanted him.

He didn't want Trump. Even some of the Trump royals were not happy about that. But net. Yeah, there's no doubt that net Yahoo and Trump have a closer relationship than Biden. Sure. But at the end of the day, presidents come and go and the Israeli US alliance is just funny.

The fact that Biden has a made an effort. Anyways, we are at the end of the podcast. Thursday, we will let you know what's going to happen on the Thursday part. Originally, we weren't going to do Thursday because I was going to go to the card collection convention that's happened in this week. Unfortunately, I will not be able to go out.

But I do want to wrap it up with some of you guys that are watching this content. And you have your somebody that's on the business side and you want to be doing, you know, on the business and spend a couple days with us on strategy. We have the vault conference that's coming up. It'll sell out this week, August 30th to September 2nd. My self-tomb rating, Mike Tyson will get there on 3,000 other people that are entrepreneurs, executive salespeople that want to take their business and their lives to the next level if you haven't yet registered CEO tickets gone founder tickets gone executive tickets gone the only ones that are left our platinum in general and right now if you buy a ticket to get the second one 50% off click on a link to get register for us to see you at the Volc Conference of Miami. Vinnie will be there, Tom will be there, Adam, maybe there.

We don't know you, we're gonna buy out. What's going on right there? But our crew will be here, we can't wait to see all of you guys at the Volc Conference. With that being said, gang, we will do this again on Thursday. Take care everybody, bye bye bye. Patrick Bade, David here from Bay of Tim and PBRD Podcast. Look, once a year, we host a conference called the Volc Conference.

It's our Super Bowl where 3,000 entrepreneurs, CEOs, executive salespeople from around the world come together to spend three and a half days together from August 30 to September 2nd at the diplomat resort in Miami. To learn how to scale their business, how to identify their next 5, 10, 15 moves. Who do we recruit next? Who do go raise their money from?

How to raise capital? How to properly scale? Culture, retention, 15 moves. Who do we recruit next? Who do go raise their money from? How to raise capital? How to property scale? Culture, retention, higher fire. All of those things end much more. And we do that over a span of three and a half days. And reason why it's a very important season to attend a conference like this to follow and reason. Today, there's three different types of people.

They're scared. They're those that are content and the obsessed. To scared, they don't want to do anything because they're worried about what's going to happen to the economy. They're going to take a big hit. The content, they don't want to do anything because they're worried about what's going to happen in the economy. They're going to take a big hit. The content, they're walking on saying, life is pretty okay, I don't need to do anything else.

And then there's the obsessed because they see a massive opportunity today. So imagine spending three and a half days with 3,000 obsessed people that want to grow in a season like this. Imagine how much you can learn from just those relationships and networks. So on top of the people that are going to be attending at this event, just probably the

best lineup we'll ever have out of all conference, Tom Brady, 7-10 Champion, I'll be interviewing him, he'll be out of all conference, Mike Tyson, Wilgidera, the gentleman who ran the restaurant 11 Madison, New York, that went from a regular restaurant to a one-mission and start, two-mission and start, three-mission and start, and eventually the number one restaurant in the world. He's going to talk about how to treat their customers. So look, if you've not registered, yeah, this is my recommendation to, I never went to conferences when I was coming up on myself.

I always went with a spouse, with a business partner, or running mate, because I only have a lens on what I see every night afterwards. We would sit there and say, what was your biggest takeaway? So get yourself your spouse, your partner, your running mate registered to come spend three and a half days with us at the Diplomat Resort in Miami from August 30th to September 2nd. I will see you there. Yn yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw'n yw you