PBD Podcast - Jedediah Bila & Vincent Oshana | PBD Podcast | Ep. 167

Episode Date: June 30, 2022

In this episode, Patrick Bet-David is joined by Jedediah Bila, Vincent Oshana, and Adam Sosnick to discuss the truth about growing your business, the housing Market, TikTok, defunding the police and much more... 0:00 Intro   19:52 - The truth about growing your business  30:13 - Why people move out of New York   44:25 - Discussing the housing market  54:06 - Are we going into a recession?  1:01:50 - The importance of increasing your market value   1:12:52 - FCC wants to ban Tiktok from Apple Store   1:26:15 - Trans skateboarder won tournament   1:34:56 - Defunding the police in West-Hollywood 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.   To reach the Valuetainment team you can email: [e-mail] --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

And are you out of your mind? Here's the debate. You're upset. They're saying we believe you. This is it. I thought that. Never heard that phrase before. We're still using Latin term.

OK, all right, folks, we are live episode number 167 today with the crew Adam Saasnick, Vinny Oshana, and Jedadaya, Bila in the house. We got a lot of topics to cover. We may get a call in from a mayor pro temp from. Oh, I love the pro temp, from my friend. And from everything is temporary. From a from West Hollywood's mayor, who apparently they just actually defunded the police.

Yeah. They just actually defunded the police. And their strategy is to have the local civilians armed to protect the city. Nice. That's why Vinny moved out of LA. What? Which, by the way, isn't that a conservative philosophy? Yeah, but you know what I'm saying?

You want a militia. But you realize how weird that is. If you defund the police to get people in West Hollywood civilians to have guns to be trained to protect the city That's gotta be like the complete opposite of progressive philosophy and they're called safety ambassadors and in LA in like North Hollywood where I live They're just people with yellow shirts on bikes. No guns. No nothing. Oh, no guns. No guns They just talked to you. And if this is happening, what's Hollywood? It's gonna be a bunch of people like,

if somebody's about to shoot somebody, they're gonna go, hey, stop. And then that's it. We're not gonna shoot a Hollywood, where all the, is that the game? What's Hollywood? It's a, yeah, when people say, what's Hollywood?

What's the, what's the, what's the, Wilton Manners? But it's Wilton Manners time's 10. Time's 10. Yeah, but it is what it is. Are those handcuffs? Just safety matter. I'm sorry.

I'm sorry. And just people are going to leave. No, that's not going to happen. You're going to confuse people. You're going to think you came here from LA like if you want that position to be yours, you sound too natural. But you did talk about that.

I did. It's the whole thing. Time's 10. All right, so listen, topics, topics, topics, what we got today. We got a lot of things to cover. Retirement savers lost $3 trillion. Guys, in the stock market, which is, allegedly,

they lost $3 trillion. This is Yahoo news story. A story came out for market wide, saying it's now officially more expensive to own a home than to run a home. So maybe it's more at a time where this may not be a message that people want to hear in real estate, but this story came out for a market watch.

And the real deal Instagram account actually shared this. Next Twitter suspends Jordan Peterson after he tweets at Ellen page, just had her breasts removed and he got suspended for it. Sir, it's Elliott page. Please did I say? No, it used to be Ellen. Don't don't. Don't don't.

Now it's Elliott. Don't take this story. Say Ellen Page. I'm just letting you know. That's all that's all that's going you know that's all that's all that's all that's all that's all I got you now it's Elliot that's for the transformation. Yeah, there was. Okay, all right next by the way, this one's interesting here FCC commissioner urges tiktok mm-hmm to be removed from Apple Google stores over unacceptable national security risk.

Weird. Very weird. What's there? There's some orange guy that was shouting about this three or four years Yeah, he was but he's a fan. Remember this offensive on which is not acceptable Which is not acceptable this next story this next story is a little wild one Trans-scape order who won first prize against teen in a is a combat vet dad who has rejected, who was rejected from Olympics with three kids. My mind just hurt, but I'm not a satire story.

It's not Babylon B, that's not, that this is the real story that's taking place. By the way, let me give you another statistic here, that's pretty concerning for a state. Imagine if a company lost $21 billion in revenues. What that would mean? $21 billion in revenues. If you count that for EBITDA time say 15 times, that's $300 billion in valuation to your loss. Well, that company is called New York. New York lost $21 billion in income from the IRS. This is IRS revenue. They lost in

2021. Another story is a board ape theme restaurant who will no longer accept crypto payment. Okay. The whole idea is what's crypto, but they're not gonna be accepting. That story hurts my mind almost as much as the Transcape Board of Guards. That's gay and the same bomb.

Welcome to 2020, too. This next story may have some, I think we may get into this one. NBC reporter, birthing, people not getting abortions will hurt the economy. They could be actually good argument for that we can talk about that. I just got laid off on my dream job at Tesla without warning. I feel like my life got uprooted so a billionaire could save some money.

Why billionaire came, Griffin has moved in a citadel head headquarters to Miami from Chicago riots and employee stabbed and the attempted hijacking of his own car so he finally says I'm leaving Chicago I'm going down here Pennsylvania considers welfare reform to keep food stamps from going to ready dead recipients true story I'm going to dead recipients Howard Stern may run for office and then obviously an upscale west Hollywood votes to defund Sheriff's Department Which we talked about at the beginning so having said that let's see which story won't want to get into first Can I can I make a request? Yes go for before we get into stories topical events One of the four of us just came back from the most expensive place in the world and I'd be remiss if we didn't at least Cover the fact that you someone on the panel was in Monaco

hanging with cheeks and princesses and that type of life. I'm just throwing that out there. I don't know if it was Vinnie today. You we someone might want to wait. It was not me. I was in the office the whole time. Okay. So uh, uh, yeah, we were Monaco. We took 120 of our guys to Paris and Monaco. We had a great time. We put them at the Windom in Paris. And then we took them to Monaco at the Fermont, N were Monica. We took 120 of our guys to Paris and Monica. We had a great time We put them at the windum in Paris and then we took him to Monica at the Fairmont, Nikki Beach some of our guys took Rides down to Italy someone to camp someone to Saint Tropez. We took a helicopter ride from Monica to Saint Tropez

Which is ridiculous on the way back for 30 minutes late. Mm- late. So the helicopter, we have to go to the airport, which is in Saint-Tropé. The guy just flies it into someone's backyard. No, Joe, I'm not even kidding with you. Yeah, the story, yeah. He flies it into someone's backyard. With no joke, he flies it into someone's backyard. We're like, this is a joke, it's not Saint-Tropé.

We get in disguise backyard, we get in the helicopter, we come to Monaco. Oh, amazing. Well, everybody in Saint-Tropé has a helicopter landing pad in their backyard the helicopter, we come to Monaco. Oh amazing. Well everybody in San Trofe has a helicopter landing pad in the backyard. Hello, we're talking about our friends. Nobody complaining, they're always just like,

by the way, you know what's the best thing about Monaco? Here's the best thing about Monaco. The best thing about Monaco, why I love it there, nobody gives a shit how successful and famous you are. That's important. Because just a minute ago, you know, Billionaire sat there a minute ago, you know, Elon was there a minute ago, a know billionaire sat there a minute ago You know Elon was there a minute ago a prince was there she was there

So if you are this like famous Instagram or you're this youtuber or this million no one So when it's kind of like do you know who I am sir the president and the prime minister was just here before you no matter Who you are you probably not more actually? I know exactly who you are and that's why I'm feeling like yeah yeah cuz you're worth a hundred million but I will this guys were the hundred but I will take I will take as I will take as a crazy story about Monica what happened one of our guys running Dalilo raised shout out to those guys there's there's five-year-old kid I believe had a 105 fever and it's 3 30 in the morning they come back from the casino Monica or the casino and they come back to like oh

shoot our son's got a 105 fever they They come downstairs to concierge. Concierge calls, you know, all the places, pharmacies close, everybody's close. The cop shows up, no joke, Monica PD shows up, picks them up, takes them and calls the, what do you call it, the surgeon? Pharmacy brings the doctor in at 3.34 o'clock in the morning. They open up, They look at the kid They give him the medication and then the cops bring him back in another one of our guys who was

Former NFL player Cowboys guy He played under drew blood zone role. But during that era. Wow. He jumps in the ocean. They're on a yacht They're going out and his butt gets hit by the propeller. Oh my god I'm not even kidding with you He's got to cut this big. TJ, okay. He's got to cut this big. They come, they take him.

They, you know, stitch him up, 15 stitches. And he's bleeding in the ocean, by the way. That's cold. That's sharp. Yeah, it's like, but he went back, they came, they stitched him up. No question, no, do you have a health insurance card? Nothing.

Boom, went away. That's monochew for you. By the way, the highest them up. No question, do you have a health insurance card? Nothing, boom, went away. That's monochrome for you. By the way, the highest life expectancy in the world, the average person there lives up to 89.5. Yeah, the rich, the chilling. And insurance is great. Tax haven, treatment is incredible. We went to let Louis 15 to have dinner there.

The dinner, we went there, Monday night, we went there Friday night. We took 10 of our guys on Friday night. It's a Five hour dinner when it goes It's my kind of dinner. Yeah, it's five hour dinner and the stuff that they brought up pigeon They brought up pigeon. They're like I say so You know, it's on what you say and then P. John is this what but Jen was like I'm sorry I'm sorry, but what did he just say?

It's it's it's this chicken. No, it's a pigeon. Yeah, so yeah, I'm but, Jennifer's like, I'm sorry, but what could he just say? It says, it's, it's, it's this chicken? No. It's a pigeon. Yeah. So, yeah, I'm like, I don't know what he's saying, babe. See how they got it. It's a pigeon. It's a real pigeon.

This is a pigeon. Someone, let me try, I've never eaten a pigeon before. Was it good? No, it wasn't like that. It's like duckish. It tastes like duck. Listen, if you like duck, if you like pigeon, it's a partly like, it's a chicken with an attitude.

Because when you eat it, you have to, your teeth are gonna get a workout. But okay, so for those of us that have been following or PBD podcasts for two years now, you gotta tell us if you had the lobster roll, if you have favorite lobster roll of all time. So that hotel was shut down for renovation. So we won candy annex, we won to the annex in Cannes, which we got,

listen, this is our favorite place in the world. It's my favorite place in the world when I go, there's just a different kind of a treatment. It was Tom 68 birthday. Oh, I saw that. For his birthday, I got the flag that Senna drove when he won in Brazil, signed by Senna. You should have seen his reaction crying.

And got him a nice Rolex white gold watch and I got him the Sennah, he got the watch he goes like this. Oh cool. Oh What Zero interest for the wife, but it was so excited, but in any case we had a very good time he turned 60 Birthday biz docks. Yeah, doesn't even look it by the way, but he did turn 60 Uh, and we had a good time there and some some and we were working. I'll say after a lot of stuff was going on But it's exciting time. How is Paris by the way? Because we just skipped right over Paris. I just went right to Monica

We went straight to Monica. We didn't go to Paris our guys went to Paris. We were at Monica ourselves and Well out of 150 people only a fever and a butt cut that's not a bad nobody's like oh wait die nobody was party you find it relaxing or is it kind of like I don't know I always think a place is like that and I'm like I don't is it stuffy do you feel like you always have to be this or be that or is it super chill because everyone's in the same boat it's whatever you want it to be

for some you go to be intimidating For some, you go to be intimidating. Yeah. For some, you go to be intimidating. Because it's the only place in the world that nobody gives a crap what you drive, what kind of clothes you got on. Everybody dresses nice. A lambo is a taxi.

So if you drive a lambo here, you're like, oh my gosh, I got a lambo over there. It's a taxi. A Rolls-Roses the taxi. Like, okay, you know, 50 Rolls-Roses. You see everything. Pagandis, you see everything there.

It's not a big deal. If you wanted to buy a two bedroom condo on the water, in Monaco, you ready? How much? 30 million. Well, how much? 30 million. Oh my, probably. Two bedroom? Two bedroom, 30 million bucks in Monaco.

Same stuff, same stuff. There must be a stat for like Uber drivers or whatever, all the like, Valley guys, those guys must be paid, like, they must be the riches in the 20 bucks a minute Not no joke. It's 20 bucks When you went from one yeah, let do over there Yeah, because you're right is $5,000 if you're lucky if you're lucky is 5,000 imagine yeah, it's uber driver and you're a good guy

Yeah, it's you guys They can take the code. Can you imagine like a cast? So what you make last year? 380 how much would you keep 5 grand? What is the tax situation in Monaco? I don't know exactly what the tax situation is but it is known as a tax haven Is what brand goes on for I don't know the exact details, but it is known as a tax haven So if you're thinking about moving there, it's a great place. I wonder what kind of incentives they give. You know, in Florida, a lot of people

move to Puerto Rico because it's like, it's close to Florida, close to Miami. I have a Puerto Rico for a synchum time. When you said they brought a pigeon to the table, I don't know why it thought like the actual bird, and you get to go, no, and they go, okay, just let it go. Like, no, I want that one.

They don't bring a pigeon to the table. I've had a pigeon. So first of all, it's not that great. He listened, this, no, I want that one. They don't bring a picture to the dead man. So first of all, it's not that great. He listened, this, this, I've had it. I can't stand butter. I've been there. I'm a cheese person, I'm not a butter person. Except if I'm here, their butter, I can't even describe it. It's like butter.

There's a name of it, there's a name of it too. It's like something domoned, it's like the best in the world. And the pepper and the way that you put it on the bread and the butter is like perfection. It's the best butter I've had in my life. So I actually want to ask you a business question about this because I'm sure there's people being like, okay, I'm never going to go to Monaco

but a lot of the people that work for you probably had that I'm never going to be able to go to Monaco. But some of the like I've met a million of your agents there's 20,000 or whatever I've been. Good friends with a bunch of them right now, their dreams have become a reality. That's what I think is the most amazing thing

about your other company that you've done PHP is that you've taken ordinary people and you've made them extraordinary or made their lives extraordinary. You know, I don't wanna name names here, but some of these people would have no chance to go to a place like Paris or Monaco on a trip like this, but you always say treat your best people right. So maybe like give it some insight, like there's people out there being like, yeah, I wish

I could be like Pat, go to Monaco, but like, no, you could be the guy that, you know, maybe got caught up in the propeller or something like that. But there's regular people that have extraordinary lives with PHP. Would you break that down, Lee's type of thing? I listen, you say, like they would have never had the experience. I would have never had the experience. I'm a regular guy.

I don't relate to the guys that, you know, come from families who had the money to go to schools and four year degrees, eight year degrees. I'm a guy that would have done 20 years in a military and I would have gotten out five years ago. Five years ago, it would have been 20 years ago. I got a call from a guy named Kogan who told me you should get out because I think you can do very well in the market and I thought

about it overnight and I didn't realize and I got out. Life wasn't easy for a couple years before business took off. It was hard for a long time before it took off. So these guys were similar. You know, you got a dream and sometimes when you got a dream and you know you're at the inception of it when you're chasing it, everything says there's no way you can pull this off. Everything. Everything says you're not good enough. What makes you think you can pull this off? What makes you think you, what makes you think?

What part of your background? Like you can't even go towards a place in your life that you succeeded to say, well, you were the MVP of your high school football team. I never played organized sports. Well, you were the MVP of your high school football team. I never played organized sports. Well, you were the valid Victorian. I had a one point agp. Well, you were the chess. Never played chess.

Well, there's nothing that you can go to to say that I ever won in anything. In my life from first grade to no joke to senior year, maybe I got five A's. I'm talking from first grade. That's saying something. Dylan already got five A's. I'm talking from first grade. That's saying something. Okay, Dylan already got five A's in the second grade. I don't know if I've had that many A's from first grade. I hope my kids are not listening, guys, if you're listening, I'm not telling the truth.

That my GPA was 4.5. You're basically saying it's not the size of the dog and the fighter, the size of the fight in the dog. There is no question about it. So our guys like the Paulus fighters, the guy, Tom's fighters, the polio, Vargas, these guys are fighters, you know, they'll bring easy to world. We got some real. Can I ask you a question about it. So our guys like, so Paul is fighting. So, Guy Tons fighters, Palayo, Vargas, these guys are fighters, you know, they'll rig his it to work.

We got some real. Can I ask you a question about those guys? Cause I was gonna name them for Dolph and Ricky and Guy Tons. Cause you've told stories, those guys who are making millions now, they're doing great. How, like, this is for the business people out there. You've told stories about Jose crying about Rodolfo having to move to Texas,

like didn't speak English, came from somewhere in Central America from the time they started and believed in you, to the time they actually made money. Real money, I mean, like, oh, okay, how many years was that? Well, the original guys, it took five years, the original guys, but for Saoala's, they within a year, they made two, 200 within two years, they made six, 60, maybe. But he's someone that experienced a trial.

By the third year, they made a million plus with us. So, but that's them. But even Rickian Erica, I mean, I think by their fourth year, they were making seven, 50. And they had never did, didn't have a, he was a, you know, club promoter and other things that Ricky was doing. And, you know, he was a club promoter and other things that Ricky was doing. And, you know, Erica was picking strawberries and baking still. I don't know, Ricky was a club promoter. He was promoting some other stuff, you know, I'm talking about.

But that's the safe word to say. Yeah, he's a club promoter. But the reason I asked that question is because, look, we see what's happening in the stock market today. We see what's, people have gotten so used to getting rich quick over the last few years. And for me, you're talking, speaking of a club promoter, I was a broke, the broke is dude of all my friends,

living on friends' couches, until I actually had to suck it up, raise myself from the boot traps and eat shit for a few years to actually make money. And what I think is so appealing about those guys, without going through the whole naming names, is for five years they ate shit. And now they're hanging out in Monaco. That's the story of winning,

is that everyone these days, young kids just think, oh, by a dogecoin, I'm a millionaire now, that's how it works. No, motherfucker, it doesn't work that way. You have to actually work your ass out. By the way, I want to read you guys something. I want to read you guys something. I want to read you guys something.

So it's so funny you're saying this. So this guy on LinkedIn is sending me messages. Okay, I'm gonna show you to read this message. This guy on LinkedIn sending me messages. Very nice guy and he says, hey Pat, I am I'll read you. If you want to look at it with me, I'll come right next to me so I can read it together. When is this? What's the date? Can you say the date? June 16. Okay, June 16. Great to see your back to business again with ITAEM and Channel. By the way, this message is for everyone who is getting started, you're small, you're tiny, you're worried. Look what he says here. Great to see your back with ITAEM and again, we would really like to help support your message.

I absolutely love your videos. My team has created a few assets for you. Is it okay to send them to you? Didn't get a chance to get back. He says these are TikTok videos. That's a sure email to me. Then he sends it to you. So I look at a couple of these videos that we did a good. I posted on TikTok. I got a says these are TikTok videos. That's a sure email to me. Then he sends it to you. So I look at a couple of these videos that way he did it good. I post it on TikTok, got a couple of hundred thousand views. That's a great.

So I'm like, okay, but have I ever like, is this the first time him and I mess it? So I'm like, oh shoot, what's this message above that? So I'm looking at $2,000 an hour. What is this all about? Then when I go all the way to the top, you ready? Can you tell them what's the thing?

2015, March. Who messes the two first? Who messes the two first? Who messaged who first? You messaged him in 2015. 25 March, 18. Listen to what I say here. Listen to what I say here. Gideon, I met you last year at social media world conference

in a class where you taught specifically on how to grow your YouTube channel. I recently found out about V-roll and wanted to reach out to you regarding growing my YouTube channel. I'm looking at how someone consult us on how to grow the channel to the next level. You can find me on YouTube under the username Patrick Beidev.

We have roughly 2700 subscribers. Wow. Wow. That is crazy. And look what I said. I'm in 100,000. Look at the innocent. Why?

The innocent. I said, I roughly 2700. Six thousand. I'm going to take it to 50,000 by the end of the year. Wow. I'd love to jump on a call with you and then he says, so here's the point. Yeah. Here's the point. This is what I was looking a call with you in any system. So here's the point though.

Here's the point. This is what I was looking for, baby. The point is, the point is like, when we didn't have bookers, I sat my guys and I said, guys, why do you think it's tough to interview a Mark Cuban? I said, I'm going to be the booker and I'm going to show you we're going to interview Mark Cuban. So I reached out to Mark Cuban

and we got an interview with Mark Cuban six months later. And it was an exchange. What are you looking for? I said, hey, do you want to, I can sell you 10,000 copies of your book. He says, you think I need 10,000 copies at 65 cents? No, he says, but what I do have is an app. I would of mine driving.

When we were small, you do everything. You're like, you're recruiting, you're promoting, you're selling, you're driving, you're doing this. You have to wear so many hats when you're small, building your business up that you can't be saying like, this, you have to wear so many hats when you're small, building your business up, that you can't be saying like, I, yesterday we had a couple of people that were consulting, they came up here,

two partners, they're about to finish the business together. The business doing five, six million dollars a year, they're like, we're done, okay? And it's an ugly meeting, okay? And it's a software business that they have their best friends, so they decided to go into business together and I said okay, do you want to be in business with them? I don't know do you want to be in business with them? I don't know so what do you like about your partner? Tell me what you like about your partner again?

Three thing what do you not like about your partner give to readings? What do you not like about it? Give me what do you like about this party give to three things? Okay, so here's what's gonna happen if you don't change this He's gonna leave if you keep going like that. You're not gonna get the best out of them So what do you guys want to do? What is a vision? So finally, we wrote down that a company that sold for $120 million for them, I said, is this a nice exit for you? Because the other guy runs eight businesses. I'd love to do that. Do you believe you guys can do this? Yes. How long do you think it'll take to get to this place? Five years. What if it gets to have to price 60 million to guys? So you get 30 million to get 30

million? Oh, you have very happy with that. So why don't we solve for this? So what should we do? I said here's what she should be doing. I give this advice to another guy yesterday and real estate I was consulting. This is what I said I would do. That's a number one. Who are the killers of your industry 20 years ago? Who are no longer competing? Because whoever you talk to that's competing, they're not going to give you 100% of the best advice. But if you talk to people who were in your industry 20 years ago, I want you to make a list of anybody who Exited did very well for themselves find them. Guess what they do. They make a list They found a guy that exited for $45 million. I said I guarantee you if you call him

He's in his 70s all he wants to do at that point of his life is to make sure his time was worth Living and he wants to give value back to the next generation That's his legacy him helping you is a big deal to him He says Pat we called the founder of this company that sold this company 12 years ago He was on the phone with us for an hour He wants to have dinner with me my wife and him and his wife to tell us everything We ought to do to take the company to the next one and the guy wants nothing from us, right? This these are the things that you gotta do behind closed doors.

Nobody knows how business works. When you're first to YouTube, you don't come with a background of YouTube and when you first do Real Estate, you don't come with a background of Real Estate. When you first do insurance, you don't come with a background of insurance. But the hustle of you being able to figure it out on how to pull it off and learn and get better, that's who ends up winning. By the way, in every single industry across the board, it doesn't matter what it is. In every single industry across the board, but yeah, when I saw that message on that, and that was

in March 27, 100. Oh, crazy. Look, can I get a shout out to our friends here, Jedadai and Vinny, because there's a lesson there, because they just started their new channels, right? Eight. They took a risk. They took a risk. Right. They took a risk literally less than a month ago and said, screw it, I'm leaving my corporate

gig, I'm leaving my typically lined up life. Yeah. And I'm going to start something new, right? And you've just crossed 5,000 subscribers I want to say, I don't want to sell you short. You're about to hit a thousand, you just launched it. But what Pat's saying is, in 2015, value-taming, the offices that we're sitting here with $5 million subscribers across the aisle.

$2,500 million. $2,700, and we're trying to get it to $50K. That's the lesson there, whether you're a YouTuber or a business person. Oh, my God. It might take five years, it might take seven years, but look at us now, right? That's pretty much how every industry that's really worth it works.

I mean, television is the same. I talked to, first time I came here and talked to you guys, I talked about how I did all that free TV. It's not easy. There's a lot of people in those moments that say, I can't do this because you think of it and you're like, I remember sitting at that time and thinking, you know what, my teacher's salary's not great.

I have a small private tutoring company, but it's stable, it's reliable, it's coming in. It's not all this stress. And I had to make a decision like, do I drop this all, which is reliable, stable, and go for the gold? What do I do here? And I had that little like devil angel moment. And I just went for it. But it's very hard in those moments, even now, starting the channel, like a 5,800 subscribers. I think we're eight episodes deep. I'm already like, all right, man, we gotta get, you know, more to kind of, it's hard to check yourself and be like, this is a process,

and do your best work hard, but understand, like, there's steps that you're gonna have to go through. It's not gonna be big bang boom. That is, that's really challenging for me, in particular, very, very challenging. You know what I told George, when we wanted the nights we're sitting there. Actually, two days ago, we had this conversation on Tuesday, I said, every time you level up, okay,

so let's just say you've never made six figures before you make six figures. Like, oh my God, I'm making six figures, it's kind of crazy. You ain't gonna get to a million unless you're two tests away from getting two million. So you're like, oh, 100,000, you're gonna get tested two times before you get to a million dollar income And you get to a million dollars like oh making a million dollar income You're gonna get tested two more times before you get to a 20,000, you know what oh

Children's home. You're gonna get tested again and test it again and every time in life You will get tested because I don't think the next level is handed to you without you being able to show That you can overcome those tests this happens with content creation because content creation is to constantly stay edgy You may have had one video that goes viral and all of a sudden your following is because of that and then You've never had any other videos that get a million views Well, you're one you know hit wonder you're like Macarena. You're one hit wonder Macarena that's what it is right, but you're not somebody that's like, can do it. But then if you get hits, after hits, after hits,

and you're recreating, so we kept recreating, we kept recreating, we kept recreating. If you don't recreate yourself, the audience is eventually going to find somebody that's creative today because you used to be creative five years ago. But just because you were creative five years ago, doesn't mean you were creative today. Times are changing very quickly. And we have to keep adjusting and adapting the market favors people keep recreating themselves and people's attention spans are

Are right here now. It's 20 seconds less than a minute. Whatever whatever. So it's it's challenging But it's safe. It's good. Madonna what you just said made me think of Madonna Madonna I think Madonna recreated herself. She's a creative genius. So many times throughout her career, the Madonna of the 1980s is not the Madonna of the 1990s is not the, she was always bringing something new. You could love her, you could hate her, she was controversial, it's all hell.

Yeah, for sure. But there was always something new and spicy and, oh, do I, do I like that? Hmm, I don't know. Really interesting. I think all the, those people that you look at, who are famous, who are out there, who are doing something cool, there's always that creative component that kind of like shocks you

every now and then you're like, is that them? What are they doing? There's that element. Wasn't she crazy about Warren Betty and then they did Bumpe, they did it together. They did it together and it's like, oh my god, it's my dream. And you know, one time, if I don't know if you've seen the clip when she sees on 20, but there's his wife is there. She's like, oh my God, it's my dream. And you know, one time, if, yeah, I don't know, if you've seen the clip when she sees on 25, there's his wife is there. Yeah, she's like, oh my God, you have no idea. My biggest fantasy, you're like this, you're like, she's such an interesting character.

Yeah. Well, do you see what she's up to? I'm very different. She's kind of losing, and Pat, she actually said in the interview once, she goes, I admit it. She's like, I'm wasn't the best singer. I wasn't. But when you believe in you and you put in that work

and you're supposed to go for it, she's a fuck. She's an icon by the way. But the hardest thing is when it's time to retire. Exactly, and then I wanna go. It's the hardest thing. They don't wanna be like, listen, you gotta kinda step away from this. So I don't know if she's that, that fits her.

I don't think so, no. But it is whatever. You know, older she is now, by the way, 60, 62. Oh, God. You know who she's, she's put out a APB for. She will not date anybody her age. She will only date a young man who's fit and in his 20. That's it. All right, guys, that's her rule. All right, guys, I'm good. You're not in the 20s anymore. You're too old for her dog. Hey, hey, hey, do you have any strong feelings on the fact that she who was 62 will only date a young man?

She's Madonna at the end. I'm gonna do whatever she wants. But wait a minute, what's your point? Yeah, I'm in my 40s. You can't just say, when men do that, it's, yeah, obviously, it's no problem. But when a woman does it, people are like, whoa, whoa. But the only woman that can do that is Madonna type.

Yeah. You can't just be some regular, 62 year old. It's like, yeah, yeah, I'm good date and guys my age. I'm only gonna date young hot dudes. It's like, okay, good luck out there, Gladys. It's not happening. But if you're Madonna, I forget about it.

Maybe you got some pull. That's honest, different. I set myself. She built different. Guys, I'm getting worked up. I love Adam and Jack. Adam's getting sweaty. So we got 90 minutes today, because we got to wrap up at 1055.

So let's get into the podcast. Which story do we want to get into first? Let's talk about New York first. Okay, wealthy, I know that's not number one, but let's get into it. wealthy New Yorkers who fled in 2020 took $21 billion in income with them. That's IRS income and this is coming from the IRS.

Let me read the entire story to you. So around 300,000 New York City wealthiest residents who fled during the early days of coronavirus pandemic, two years ago collectively earned 21 billion dollars in total income in 2019, according to new data released by the IRS. So they collectively earned 21 billion dollars in income. The sum which was gleaned from the IRS tax filings were received in 2020 and 2020, represents the largest flight of capital from the big apple ever recorded, according to

New York Times, which first reported on $21 billion, billion, billion dollar sum. It is double the average of those who had left New York over the previous decade according to the IRS, 21,000 New Yorkers relocated to Florida. 2020 nearly double the average annual net loss from before the pandemic. Large financial firms set up offices in Sunshine State, attracting a large number of professionals from the city according to the IRS, Manhattan Transplants, Living in Palm Beach, County earned an average of $728,000 a year. Now, here's a question. When I talk to people from New York and Jedodide, this one's going to you.

When I talk to people from New York, they tell me they say to fondly, say, Pat, all those people that left, they are coming back. They're all coming back. No one's going to stay in Florida. You have friends there. Are people that left New York coming back to New York? Not really, no, especially if you owned a business and that business went through a lockdown and you had to shut it down and you had to figure out other options and you picked up your

family and you picked up your business and you went to a state and now you're sitting into place like Florida and you're realizing, wait a minute, I can make a heck of a lot more money here because there's not as much regulation. The tax structure is different and you've just experienced a better life. There's a heck of a lot more money here because there's not as much regulation, the tax structure is different, and you've just experienced a better life. There's a lot of those people, there's also a lot of people. I think New York is gonna have a really challenging time

because of the structure that existed for a long time around the office environment. You have all of these gigantic buildings. They're a fortune. The rents are extraordinary in New York City. And now you have all this remote work. A lot of those companies are not going back to in office work. I know there's a call for a lot of them.

There's a lot of them that are just not going to go back into that structure. There's a lot of people who work in the tech field, companies like Google. They're not going back into that structure. You have all of these really big, really expensive, empty buildings in New York City. I don't know what happens to those spaces. I really don't know. But a lot of the people that I talk to that left are not going back.

Some people keep a little bit of a footprint there. They have family there. They have friends there. But there's really a growing distaste for a lot of what New York City represents now. And until they get their crime, that's another thing. You have some people that it wasn't about business decision. It was about a family decision. The crime was through the roof. They're in a place

now where they feel safe, where they feel like their kid can run around and play, where they don't feel like there's a hefty hand of government, where the police force feels supported and they're saying, even if I do love New York City and what it represents in my mind, that's not what it looks like today. So New York City would have to take a big step toward reversing a lot of this damage. And I don't know, remember, the prices have to be worth it, right? It has to be worth it.

You have to say, well, I'm gonna be in the cultural mecca of the world. I'm gonna be in New York City. That's not a good sell if you can't walk through time square without taking your life in your hands. It's very dangerous right now still. So I think a lot of these issues, it's not if it were just one issue, it's not. It's like lockdowns, it's mandates,

it's oh, is there gonna be a second wave of this? And I'm gonna go through this again. It's how dare you do that to my business. It's this heavy hand of government, it's crime. It's multifaceted, the reasons why people left cities like New York, California, Chicago. So it's gonna take a lot to get those people to go back and some of them just won't.

I won't. I'll never go back. You'll never go back to it. I will never go back to living in New York. And that's home to you. That's home. I love my city. I love it.

I grew up there. I like became who I am there. I have a special bond with it. I don't know if I'll be in Florida forever, but New York City, it's not what it once was. You would have to show me that New York City can be amazing again, and I'm not convinced that New Yorkers

are gonna vote for that kind of leader. Interesting. And so, being from Yonkers New York, shout out to my mom and my aunt that are watching. But yeah, because you see it, because it's a liberal state, right? You think people would bounce and then they'd be like, you know what, it's over, we're gonna come back,

but like you said, the crime is not even my aunt. They don't walk outside at night. There's no chilling in New York anymore. It's dangerous as fuck. And the fact that, well, as I say, I lost my train of thought. The fact that, the fact that if you're a New Yorker and you love New York and you bounce

and now you're getting used to this and now you wanna come back, it's like, come on. You know what I mean? Also, you have to keep in mind you're bringing up a good point about New York and you bounce and now you're getting used to this and now you want to come back. It's like come on You know, I mean also you have to keep in mind you bring up a good point about New York as a state the states now like that You go up state New York. It's a different world. This is a New York city. New York city is sinking that state granted the governor's a disaster She's an absolute monster when it comes to any issue of freedom or you know It's preposterous, but regardless, that city is sinking the whole state. So you have people living great lives in upstate New York and they're like,

oh, they dread when those policies trickle out from New York City. And I'm pretty sure it doesn't help when the Amazon was in open in New York, didn't they? Right. When they're trying to open it in Amazon and then AOC and all of them are like, nah, we don't want you here, don't.

Yeah, it's not business from the bottom. Don't bring your business here, yeah, the law. Yeah, take your business out, you're okay. Yeah, all right. out here. Okay. Yeah, all right. I'll fight you. By the way, what you said about New York City is more liberal and blue and the rest of the state.

That's literally for every state. You cannot point to one major city in the country. Not one. Yeah. That voted red. Just so you know, L.A., New York, Chicago. I'm just, I'm just letting you know, every major city votes blue and all rule votes red.

And they're all sinking. Yeah. so there you go. I say exactly But anyway, they are the major cities in the country, but here's my point. I Be you guys are from New York. You're from LA. Well V.I. ran Born and raised in Miami. I've only lived here in my entire life other than my beautiful stint in Addison, Texas Seven eight months you speak so so lovingly about it, Adam. You love Texas. I burned out of my apartment, never look back. But I've been seeing New Yorkers.

I've said this before in the podcast. I've been seeing them play hopscotch with South Florida for 20 years now. They come down, they have a great time on New Year's, they live it up. You know, when I was a club promoter back in the day, we're like, the New Yorkers are coming. We're charging triple the price, you know, and then boom they pay it you make some money

Peace out and I would always wonder when are these stupid suckers gonna realize what we have going on here year-round Is better rather than just two weeks for vacation. Yeah, and it took a freaking worldwide pandemic for them to be like I'm done with this yeah, and obviously we're seeing what's happening here And now there's people in South Florida and some of our holding mayor, Francis Swarrow's accountable, who I voted for. I really appreciate the guy, they're basically saying, you're bringing all these amazing people here, you're bringing crypto here, look at, you know,

Ken Griffin, Citadel Capital, they're all coming here, what about us? Yeah. I went to paying $2,000 a month in rent, now I gotta pay $2,900, I can't afford it. So there's the good and the bad of all these New Yorkers bringing $21 billion worth of wealth down to South Florida in general.

Yeah, and by the way, what you just said is going to happen. You're gonna see some of the people who live in Miami that can't handle that kind of lifestyle. They're gonna live 30 minutes out. They're gonna live 30 minutes out and that happens in every city when Nikki Fried was here and she was talking about

what about the people that can't afford it? And LA it happens as well. people move to Palmdale, California, Lancaster. Yeah, yeah. Remember Palmdale Lancaster was my god. Everybody moved to Palmdale, Lancaster, all of a sudden, Quartz Hill was like the place in Palmdale to live. So that's gonna happen as well. The test, I want to challenge all of you guys this week to do something.

Everybody knows somebody in New York. This week, I want you to ask your friends in New York and see their reaction. Okay. Ask them, hey, what do you think about this $21 billion of income lost? And, you know, the story that just came out saying 300,000 people that left New York to wealthiest and their stain and Florida, are you seeing people coming back to New York? Do you have any stories like that? And just watch their reaction because I said this I'm gonna do you one better, but I finished just I said this to somebody who's in the publishing industry and She was in the PR business her reaction

Was she was like offended oh really? What do you mean? Everybody came back most they just left for that. You don't even know what you're talking like. I'm just asking a question. How are things in New York? Everybody comes back. This is the greatest city. Nobody will ever leave New York. Oh, that's great to you.

Awesome. You know it's great. You're going to New York. I'm going to New York tomorrow. He's going to New York. Literally what I was going to say. He's going to New York to ball. That would be for the weekend.

And Adam, you're going to do a man in the street. Yes. Are you going to the street? Yes, it's literally. Adam, you just gave me an idea. I didn't know what I was going to film exactly. And you're gonna go, and Adam, you're gonna do a man in the street. Yes. Are you gonna mad at me? No, no, no, no, you just get me and I do. I didn't know what I was gonna film exactly. Now you know. That's great. Perfect.

I'll be there. You'll help me write some questions. I will. I'm gonna have my mom come see you. I get to meet your mom and then my mom and my mom and my honor and young. This is amazing. Also what's really interesting is because I have friends

that are working in the bar business right now and they say it's it's all tourists It's all the tourists are have come back because they can get in everywhere now in the mandates have dropped But the people who made it like the New Yorkers They're not there like I even have a friend who wanted to open up a hair salon And she said my you know, she was working at another salon prior to to coven She's like I want to open it up But my my new Yorkers aren't there anymore. It's like, it's a very common go type of feel to it.

It's a very touristy here for the moment. I got you what you just said. So it's funny. You say that because NLA, what's happening is a lot of the guys that are the job creators, those who are doers, their friends who are doers left. And they're stuck with some people that are not doers. So even though they may love their state, and they're saying, like, Scott Rodriguez is just coming

and saying, I'd love to leave it, I'd leave it in a heartbeat, but my family's there. And my in-laws family's there, so it's hard for him to leave it in a shout out to Scott, you know, he gave a super chat and wished everybody happy for to July. But a lot of people in LA who were like, well, I gotta stay for my family,

it's very hard when you don't have people to have dinner with or lunch with or conversation with or just go shopping with or just hang out with. Like, what happened to these friends of mine? They're leaving, that's an empty. You may love your state as much as you love. You may love your city as much as you love, but generally, would you love about your city as much as you love, but generally what you love about your city

is the culture and culture is the people when the people leave, the city's not the city, it's just real estate, it's just land. Yes, it's beautiful, yes, it's great, but it's the people in that city that make it great. Now do you guys think that's gonna affect the voting of that stake? Because I always see that,

you know, because it actually helped them. It actually helped them. Yes, of course. Yeah, because all the same minded people left all that's who left. So if they wanted to strategically to lock in voting, yeah, and not have to worry their strategies actually work. I got you. There's strategies that they wanted to save the city and create

a bunch of government dependence. They're working. Why were you surprised? What was the rich city in the world? 80 years ago. Yeah. What was the rich? Detroit Detroit dependence on the market. Why were we surprised? What was the richest city in the world, 80 years ago? What was the richest city in Detroit? What happened was winning. The motorcyle.

What happened in Detroit? Hey, the politicians got involved. Dearborn, everything ruined the entire city. Everybody left. So if it can happen to Detroit, we're not either. That's how I ended up in Florida. My dad's from Detroit. It's finally home.

I'm really happy. I'm 70s. And then they started dealing with Pablo Escobar. And then we won wanna talk about that, but that's how my family got here. You guys just made a great point. And that's why people that talk, I know the Republicans talk shit about Joe Biden,

but yo, Joe Biden is doing a fantastic job. It's all about perspective. They want that, they want, you know, the middle class gone, be relying on the fucking government. So he's doing, I mean, that's fantastic then. He's doing what he's doing. Exactly what he's supposed to do.

That's a good job. Pain promise for Phil. Yeah, good job. Good job, Phil. I's doing exactly what he's supposed to do. That's a good job. He ain't promised for Phil. Yeah, good job. Good job, John. I'm not gonna let you get negative on this. No, I'm not negative. He did. He said that's what he was gonna do.

I'm doing it. Yeah, hey, hey. Joe Biden was like, yeah, have a little respect for the president. Hey, middle class. Hey, middle class. A little fuck respect. Middle class, go fuck yourself.

And now he's doing a great job. His stuff, Adam. Yeah, now he told you that. I love that. I love that. All right, let's go to this next one here. Is it more it's now more expensive to own a home than rent one at any time since 2000. So this is a story on page two market watch. The housing market may be slowing down but only go home is still a costly proposition. Two charts reveal exactly how expensive it is. If you want to put that

up there, Tyler, so people can see it. Just over a year ago, the monthly cost of owning and renting were practically identical, according to a blog post from John Burns real estate, consulting. Now owning a home cost, $839, more per month than renting the differential. It's almost $200 higher than any time since the turn of century, 20 years ago, 22 years, godenial, win senior research manager at John Burr's Road, across residential properties renting a home would set back, set one back roughly 1962,

across according to data from Redfinn, as of April 2022, two months ago, but if a homeowner had put down 7% down payment for home, they'd be stuck with a mortgage that would set them 21, 14 a month, 152 more. Would demand now shifting toward renting home builders who were once reluctant to sell rental home investors are now soliciting offers from investors. Strong demand from investors will provide additional support to today's home prices when added.

So when you look at that chart, right, they take a look at that. Look out, Spin. It's been all about buying, buying, buying, and now it's renting. And the last time it peaked, not even at that level, what year is that by the way? Is that 0506, 06, yeah, exactly.

What's the red versus the blue? Red is, it's better to, blue is rent. Yeah, no, blue is rent and red is own. Okay, so it was good to own in After the financial crisis. Oh wait prices went down, but other than that, it's always cheaper to rent April In the last 20 years is what I'm but by the way here's here's what you have to know though What if you if you look at this? This is what you have to know Look how sick that drop is on when it is good to buy. Look what you're dead is.

Look at the exact month. Yeah, they're right. Exactly. Well, go to the financial crisis. Go to the exact month. Boom. No, no, don't month. It's not it's not financial crisis.

April, oh, nine, it looks like. April, oh, nine. So April, oh, nine is how much after financial crisis. November, oh, seven is when country wide, new century, why move everybody starts saying we're not doing pick a payment loan, the knowing come, no asking, Nina, they stop doing in November of 07.

So if you look at November of 07 there, the drop is coming. So it took November of 07 till April of 09, which means November of 07, April of 09 is how long? That's 18 months, give or take. So this means 18 months from April, what is how long? That's 18 months, give or take. So this means 18 months from April, what is 18 months from April? 18 months from April is go eight months, then add another 10 months, April is eight months, 10 months, October of next year is going to be perfect time to buy,

and it's going to go like that for about three years, four years. Do you see that? So from October of 2023, till about October of 2026, 2027, that's what's gonna be the best time to be buying. So if you're sitting, by the way, if you're real to right now, trying to sell this what I'm saying to you right now, you may wanna not have them listen to this product. I'm just like, don't share this mess with them.

But if you're the person that is selling, and if you're thinking about selling, and again, we talked about some last podcast, don't be greedy selling right now. Do not, if you're trying to sell, sell. But if you're just trying to, like, you're thinking maybe I want to sell, I don't want to sell, hang on to your house.

But if you want to buy, you may want to wait 18 more months. And then it's crazy, like, and we talked about this all the time, like everybody's talking about the markets coming, the markets and crotch. Have you ever thought that you'd actually say the words like, oh my God, like people ask me,

Vinnie, you're gonna live here forever. I'm gonna buy house. I'm just like, just waiting for that market to crash. Like, I never thought I'd say some shit like that. Like the only person I knew when the crash happened was Michael Burry, right? He was the only one spinning. Now everybody's like, come on man,

let's, let's have everything crash so I could buy a fucking house. I'm a jump in and what two things. Number one, I'm shocked. Do you see how like all the way to the right, basically when COVID hit, April of 20, that's where a little red starts showing up. You would think it'd be more than that with the fury of buying that's been going on. It's clearly, if I'm looking at this, the only time it was actually good to buy was after

the financial crisis. That's what I'm looking at. Of course. I see blue, blue, blue, blue, blue, blue, blue, blue, wave, like it's a liberal city out over here. And then it's a good divider in the crisis. Here's my point. I say this all the time.

All the time, okay? Owning a house and buying a house and taking out a mortgage and taking on debt ain't all that it's cracked up to be the realtor association of the world Has done a great job of saying Renting is throwing away money renting is throwing away what they want my mom by the way Exactly because that's what the American dream was 50 years ago by house to car garage picket fans 2.2 kids That's what the American dream is the American dream today is freedom. Pick and choose wherever the hell you wanna go. Keep it moving and stay flexible and keep your overhead low.

So what people forget is that, all right, you know that if you're gonna buy a place, first thing you're gonna look at is the mortgage payment, right? So typically, I mean, the last six months, it's gone from 3% to 6%. That's double, I'm not a mouth of a ditch, but I'm pretty sure 3% to 6% double. Not good. But the three things that people forget about

when they go to buy a house, and for those of us that have bought a house, they get it now. Those of us that have not is what I call the big three expenses. That's your taxes, your maintenance, and your insurance. Those are three things you do not have to pay for

if you're renting. Exactly. So everyone's like, well, it's cheaper to buy, or it's the same price. It's like, yeah, go ahead and figure out what your maintenance is gonna be, what your taxes are gonna be, and what your insurance is gonna cost.

Oh, you just moved to Florida, you ever heard of a fucking hurricane, buddy? You're gonna need some hurricane insurance. So there's a difference between an investment and a lifestyle choice. Buying a house isn't exactly the best investment. It might be the best lifestyle choice, but there is a difference. You can look at the math.

If you put your money in the S&P 500 index fund over 10 years versus buying a house, the S&P is going to double what you're going to get for your house. Got you. There's also headaches and small costs that like you think of it in terms, you're talking about big costs. Mm-hmm. But I've never owned a home. I lived in New York City, so I always rented it.

It just didn't make sense for me. And there's little things that come up. The dishwasher breaks, the washer drives. Somebody comes in, somebody comes in, rolls in and replaces that. That's not your headache, that's not your time, that's not your money. So if you add up all that stuff,

it winds up being a much bigger picture of what the costs and expenses are to actually own a home. I will say that the only versus renting for me was always like mind-fuck because I always grew up feeling like if you own something, it's yours. You have it at the end of the day. You can touch it. I don't like it. Touch it.

Because I can touch my house. And if they take everything else away from you, you have your home. But, you know, shout out to the Realtors. The Realtors and my mom had launched, but you know. Shout out to the realtor. And the realtor's and my mom had launched by the way. But yeah, you know, that's a feeling. That's a feeling that some of us had growing up. And it's the same for a car. I know my parents were, I was like,

oh, your car, because if you lease it, never owned a car always, you know, like this car. But that's just a mental game sometimes. You have to play mental games. And the car's only worth 40 grand. We're talking about a place that's worth a million dollars. Yeah. You know who I gotta give a shout out to.

Part of your answer in cities. P.B.D. Because any time I have this argument, I'm like, oh, oh, pull up that article you wrote for the Denver Post back in whatever year 2004. Pat had, I don't know, half a million bucks, million bucks in the bank, you just started to do really well. And you had to make an economic decision. Do I buy a place or take all my money and invest it in the business?

What'd you do? No, no, I put it into business, but my idea was, nothing gives me high rate of return than putting money into the business. Bingo. Nothing does. I mean, that's just, it till today. Anything, if I have access to capital,

I'm putting that into the business. I'm not putting that into a house. Now, it's also different when you have eight people living in your house It's also different when you're positioning on where your kids are going to school It's also different where you want to paint the house in a certain way You don't need to get somebody's permission when you have all of that so so life would it would be slightly different for you If you had a wife and kids, but this is exactly what I'm saying, but it's lifestyle No question about it.

You have no kids, you have your father. You're right. You've got Melva, like you have to buy. Absolutely. But if you were just you and Jen and one kid, you would maybe even still consider. Listen, if I'm running a business today, if I'm a business owner today,

and I have a choice between putting half a million dollars into a house and putting half a million dollars into my business, the business is gonna give you 10 times, if you're a good operator, ten times more return on the money than real estate is. So if you're in the inception phase of building a business and you want to use your resources to grow your business, your ways of your money are putting into it. A realtor will never tell you.

Never tell you that. But by the way, here's a, can you go back to that chart and Jorge Erick, can we increase the mic by like 5 or 10% because I can't hear myself? So if you go back to this chart So you know the concept of a slingshot. What's the concept of a slingshot? You pull it back and then boom it goes 10 fun 10 but the further you pull it back what happens? The further it goes right? Yeah, guys look how much higher that is Then it was at the peak and in O set. I love what you're making

Do you know what do you know what that means That means the red that you see there that red is gonna be much lower Listen, I'm not I'm all I'm saying is if and look out quickly the spike is in the last two Do you see the spike like how fast it went up? Boom it ain't go up that fast if you look at the one on the left. The spike on the right only took. Look at that. That's fast.

You are on the left. Oh my God, that's scary right there. Because if we go purely on the slingshot metaphor, real estate in about three, five years, man, it may be like a two, it may be a stack cash again. They're ready to buy your drawer home in the next few years. Don't rush. I don't know if it's Marciolus or something,

but I got to take my phone. Yeah, there's some markets, it's about to be a massive dip. If this continues to wait, it's by the way, can we follow this, the next time this gets updated to see what the next one is, because if it goes even higher, let's update this chart quarterly. And let's see what's going on.

Revisit this chart. Can you put this, save this to favorites or something? I will never complain about my $2,100 rent for a really small apartment. Never again. I mean, do you think I'm, because everybody knows you when you move to your car. You're right, I'm looking to buy.

I'm gonna use the work by. I'm gonna give credit where credit is due. I just walked in, I just met him two minutes. He goes, hey,, you're new come here. Don't buy a fucking house. Oh, yeah, hi. I'm Vinnie Exactly, he's like don't buy a And then I slapped you in the face. You said I think I I told you the exact same thing. I said give it a year, Jedadaya. Yeah, yeah look at this That's not proof my point. Yeah, yeah, he goes save your money, but then he made me take him to sushi 300 oh wow, it's a commission right300. It's a commission right there.

It's a commission right there. Yeah, I don't know. I don't know. I don't know. I don't know. I don't know. People cut this message because this is real. If you cut this message, this is real.

What's going on? Anyways, and Michael Burry keeps saying it, and Michael Burry still doesn't want to do an interview with anybody. He will, he turns on every single interview that he gets asked to do. But that is one guy you watch closely. Two movies you gotta watch, okay, two movies.

Go watch two movies, go watch Margin Call, go watch Big Short. Big Short. These are two movies you gotta watch this weekend. Listen folks, listen, add it to your list. Watch Margin Call and watch Big Short. You'll realize what's going on, but it'll give you a hint for some of you guys

that maybe don't like to read. You'd much rather get your content watch it, watch those two movies as we get. The difference is last time, 2007, 2008, it was all mortgage-backed securities and bad bets and, you know, and bear sturns and these types of folks. Now it's what, the massive money printing, quantitative easing, there's a different method to the madness, but it's still, I don't know what any of that means, but guess what, it sounds scary as fuck. Just rent is what that means.

You don't know, like what the hell? Yeah, but people that actually know what they're doing with their money, and you don't have to get caught up in quantitative easing and mortgage rates and mortgage-backed securities, rent, make money, save your money, be smart with your investments. The recipe is simple. Did you get that story?

I sent you yesterday, Tyler, were interest rates being projected to go up another three quarters of a point to a point in July. The lady that said it and Powell is like, oh, we're working very hard to not have the recession. I sent you the story yesterday. You should have it somewhere here. But yeah, so anyway, so even with this going on if the rates go another three quarters of a point

next month to a point that's gonna go spike even higher every time they raise rates that's just gonna go higher and higher and higher and and i haven't pal seems very confident that they're gonna be able to prevent america from going into recession folks if the definition of recession is two quarters in a row, the GDP slows down. Today's what date? Today's what date?

Today's Dirty Atadjoon. Tomorrow's officially day one of recession. Oh, shit. If it's two quarters in a row, tomorrow is officially day one of recession and watch no one talk about it. Wow. Watch no one talk about it. Wow. Watch no one talk about it till first quarter of 2023. Loretta Mester says Fed is on track for three quarters of a point increase in July rate high.

Go a little higher to see what this article says can zoom in a little bit. Federer is a bank of Cleveland president. Loretta says the US Central Bank is on track for another big interest rate hike. Next month based on current economic conditions, if the rate setting federal open market committee meeting was being held today, Mr. said Wednesday on CNBC that she would advocate for three, she would advocate for three-porting high rate hike because I haven't seen the kind of numbers

on the inflation side that I need to see in order to know, in order to, you know, that we can go back to 50 basin basis point increase. Wow, Miss Messer said, high readings of inflation mean the Fed needs to raise rates quickly to restrain those forces. So far, this year the Fed has increased its short term rates from near zero to 1.5 to 1.75

an official signal, a of further increases are likely this year as inflation has it afforded your own like goodness okay i'd brace for impact folks that breaks say that again remember when they told you this was all transitor well jennett yelling you know she's uh...

who's a gem uh... paul says no guarantee fed can avoid hard landing no guarantee fed can avoid hard landing. No guarantee Fed can avoid hard landing. How do you process that statement? The recession is coming. He's covering his ass. He's covering his ass. Of course he is.

Yeah, we can't guarantee it's going to be a soft landing. Of course it's not. It's gotten harder. The pathways have gotten narrower. Powell said at a European Central bank event on Wednesday, nonetheless, that is our aim and there are pathways to achieve that. Go lower. What is your pathway, Powell?

Power is significantly more challenging, but the Russian invasion of Ukraine, fuel oil prices have jumped 36% at nation sanctions. Okay. Listen, this is a real dilemma. Yeah, this is a real dilemma. And this is a real dilemma. Look, here's all you have to be thinking about. This is what you have to be thinking about. If you're a short term thinker, you're in trouble. If you're a long term thinker, you're doing fine. A guy who runs a mortgage company in LA, I was talking to him yesterday, so you know, you know what, you know what event would sell

out right now? Maybe, can you tell this to Mario, maybe we even put it together or so. We just booked five. We're about to announce the five speakers at the vault. It's freaking sick. The two show, the two entertainment along that we're going to be having. Many people will just come for the show, but you'll be surprised who we're inviting to the, it's freaking jam packed more than the two events vault we put together combined. We'll be announcing that.

Can we go? Maybe we'll announce the next two things. not so next to see but I'm gonna say this to you here If I was Maybe just make a note we'll do this event just make a note we'll do this event And we're gonna charge pretty much nothing the tickets for this event the tickets for this No, I'll be practically not on this uh $500 tickets like cheap tickets will do here's what I'm gonna do I would put a mortgage event right now a Two-day mortgage event, okay, and at this mortgage real estate event

I'm bringing all the Godfather's fathers have real estate from 20 year and by the way somebody else wants to do this Go do it. I'm not really don't care. I'm not gonna be upset if somebody else takes us and does it before I do so I don't have to do it. Somebody needs to do this event have thousand, have an event with all the Godfather's of real estate that were around that they're out in 0807, the ones that were in in the 90s when real estate took a crash and have a lineup of all of them with a panel for two days and have realtor's, loan officers only show up. You would sell thousands, you'd sell out the, what is this arena here in the arena with ft x you would sell out what's about to American are you would sell out the ft x arena of realtors and loan officers to sit down and say I would have Bernanke there I would have

the guys that mess with uh uh uh uh uh I would have any one of these guys that were involved with rates fed all of that in a room saying guys how ugly is this going to be tell us so we can prepare short term is going to be tell us so we can prepare Short term is gonna be ugly, but I think the guys that are in it for long to I think they're gonna be fine Sell your exotics sell your patek Felipe watch sell all of that mess Why is if you're listening I told us to wife yesterday Take a break from Chanel for three years take a break from Louis Vuitton for three years Take a break from Hermes for three years go back back to coach. No more Neiman Marcus. No more Nordstroms. Go to Macy's. Go to Walmart. I'll 17.

Tarshae has got a lot of good selection for you. You can go there. Amazon's got great selection. Forget about the name brand for the next three years rather than driving a Bentley. Go drive that Chrysler that looks like a Bentley. Yeah, rather than driving for our. Go get a Corvette. Looks just like a Ferrari. Rather than driving any of the Rolls Royce Phantom, just go get a nice sedan S-Class. It's a hundred grand. You don't have to pay 500,000 dollars for that Phantom.

Just back up a little bit the next two, three years. Luxuries, set them aside. You got a Patek Felipe watch or Rolex. Go get yourself a citizen. It's still gonna tell you the time. Maybe get an Apple watch if you want to. But it's a time to take a break. I would love to cut this up into a short clip

and put that out, because you're absolutely right. It's exactly what people need to do, because there's been so much easy. I thought the Hermes, the Chanel, the Louis Vuitton's the world, we're gonna get crushed during COVID. People have jobs, people not traveling, there's no one to impress, they've skyrocketed.

For a brief period of time, the owner of LVMH, what's the French guy's name in? I don't remember his ridiculous name. No, because one of those names, he became in the, in during COVID. Bernardo, I'll know. Yeah, Bernardo. There you go. That's because I hang on par with you.

Yes, so he became the richest man in the world ahead of Bezos, any Elon Musk, for a quarter during COVID, because all these people got the stimulus checked time to go get that Louis back, yeah. And I thought these companies were going to get crushed. They skyrocketed, but their time is a come. You'd have have to call that event the godfather's real estate. That would just look I am so tempted to do it even Ftx and just do it do it sell tickets for nothing and invite everybody godfather Real estate. He's excited to plan it. Yeah

Yeah, by the way Let me ask you a question. How many of you guys who are in real estate and mortgage would want an attend, like how much is it to rent out FTX Arena? How much would it be to rent out the gun? Oh my God, can you find out? Can you text key to see if you can find out? Sure.

See how much it is to rent out the American area. Has it been a full-length rent with insurance? If we did it for one day, if you have interest, you're in real estate and mortgage, is you want me to go call these guys and bring everybody in a room. What would you spend for a ticket? If we do it for, it's, I'm gonna do it for cost.

Whatever the cost is, we'll cover it. $500,000 or $1,000 a ticket, I think everybody in the mortgage real estate business needs to be prepared for this time to come. So find out if we can get the FDX arena and how much that is, maybe we'll do that event. So this is my question, Pat. Like we're talking about people,

don't go buy the Maybach, by the S class for a hundred grand, or don't buy Hermes or Chanel, or what about the people that literally have never been in that realm, that were only making 50, 60, 70, 80,000 dollars of you. I have a response for you as well.

Now they're in retirement, and as you see, we've lost three trillion dollars of retirement savings. What do they do? Fantastic question. By the way, fantastic question. So let's talk to the baby boomers. You ready?

Let's talk to the people above 60. You wanna start at that generation first? Yeah, absolutely. Let's start there first. Okay, if you're 60 I hate to say to you. You're not 60 You were 60 60 years ago if you were 60 then today if you're 60 you're 40 years old Because you're living to 85 years old stop thinking you're 60 years old you're 45 years old You are naive if you're what I'll do respect to boomers I got respect for you because you came before I did with all the respect if you are naive if you're 45 years old. You are naive. If you're, what I'll do respect to boomers. I got respect for you because you came before I did. What I'll do respect, if you are naive,

if you're a boomer at 60, thinking about retiring in five years, you ought to change your retirement plan to 12 years at 72. Not because, oh my gosh, that's so unfair, the government is so unfair. No, because you're gonna live longer. And if you decide to retire at 65, you'll be broke at 79 years old miserable, being a little bit of a challenged your kids.

You may even come in between your kids' marriage, whoever they're married to, because they're gonna be sitting there behind closed doors and bedsaying, how much more money do we have to take care of your mom? How much more money do we have to pay for your dad? You may cause a divorce amongst your kids and whoever they're married to.

So gain plan. You're 60, you're going to 72. Have the conversation with your wife. Have the conversation with your husband. Go get a side gig. Whatever that side gig may be, do real estate. Go do retirement. Go do insurance.

Guess what? Sell whatever people at your age are interested in because that's your market. Go sell meds up. Go sell med advantage. Go sell, you know, a long-term care go sell whatever experience you are going through. Go sell a 401k and say, listen, this was my 401k, a $7,700,000, it's at 420. If you're like me, this is what I'm doing.

Do you want to hear about it? Figure out a way to generate income for yourself. I talked to a lot of them at that age, 60 plus, and a lot of them are flat out saying, I'm not retarded at 65, and they have a million in the bank in their retirement. And they have two million in retirement. A million, two million in retirement,

today at 60 years old, is nothing. Yeah, crazy. If you've got a plan for at least 25 years, you have to plan to 85. Don't solve for, I'm gonna die at 72 years old. No, you're gonna solve for 85 years old. And by the way, everybody else, 30 year old, 40 year old, 50 year old that's going through mess.

Maybe by the way, the divorce business is gonna blow up next two years. Yeah, I can imagine. It's sad, but it's gonna blow up the next two years. Therapy is gonna blow up the next two years. I hate to say it and I hope this industry doesn't blow up. They're going to because the first thing doctors are gonna prescribe is what? To have a presence. Anti-depress doesn't blow up, but they're going to because the first thing doctors are going to prescribe is what?

True. Anti-depressants. They've got to blow up the next two years. Oh yeah. You're going to see a lot of weird stories in the next two years. We talked about that the other night that we're here. If you're listening to this and you're scared, only be scared if you're not planning to increase your value in the marketplace.

You have nothing to be scared of if you are gonna be improving and learning 2345 new skill sets to improve yourself in the marketplace because the market is going to pay you if you improve. The people that are scared today are the people that are watching way too many TikTok videos, way too many Instagram videos, way too many Netflix shows, way too many video games. Let me tell you if you're watching this,

get off this podcast because this podcast is gonna be very scary for you the next three, six, 12 months because I'm not gonna stop talking about this. Get off your damn video games and the Netflix. Take a six month sabbatical from Netflix and freaking video games and TikTok, take a break. And go learn a skill set, go on Udomy, go on plural side, go on any of these,

whatever courses you can take there go take some master class Go take a work under somebody to learn something go watch some YouTube videos from people that are teaching you There's great real estate YouTube videos. There's great insurance YouTube videos. There's one called seven figure squad There's so many of them that you can go learn from these people out there But if you don't do that, don't blame the government, don't blame the rich people, don't blame your parents, don't blame your family, don't blame anybody if you refuse to improve you the next two years.

And by the way, I hate to say to you, this happened to my family and when I got out of the military, 1999 I got out of the military. My dad had another heart attack. He went to the hospital. We were watching the game where Alan Iverson made that shout over Tyrone Lou. Tyrone Lou. Game ended.

He says, take me to the hospital. I haven't a heart attack. I took him to the hospital. He's having a heart attack. I'm saying, oh, great. 49 came in that body. You're killing it, P.B.D. What are you gonna do?

The only thing you know how to do is shoot a freaking rifle. And you're not even an expert at it You were advanced so we're not gonna go say listen IBM you guys need somebody with I went to say I'm gonna be a hammer mechanic. I'm gonna go be the best hammer mechanic in California. There was two hammer One was in Camry, oh, here's what the guy said in the interview no joke. He told me says sir I said I'm the best homer mechanic Yeah, all of four Campbell can't talk you look at my I'm sick. Yeah, I'm your best. He says sir. We sell two hummers a month Yeah, one mechanic and it's one too many that's a perfect. We don't need you

I'm like shit fuck what a waste of a skill set I can shoot and I can fix hummers and I'm broke You still got hope I had to bring the bag. There's still hope. But the point is, I sat there and I said, I'm gonna increase my market value. I think that's what everybody can do. That's the main thing. If you don't do it, you should be scared. If you do do it, don't worry about it.

Future looks bright. Well, let me tell you something. Number one, you're on fire today. I love this. I love what you're saying here. Let me talk to the older people out there, AK, if you're not listening, your parents, and then I'll talk to people our age.

I actually have this exact same conversation with my mom this week. My mom's 70 years old. I go, mom, don't plan on retiring anytime soon. She's a nurse, she runs the front desk at a nursing facility. You're going to be working until you're 80. Get used to it. What are you going to do? Retire and do frickin' nothing.

You don't golf, you don't play majong. There's nothing for you to do. A generation ago, you hit 6570, that's it. Time for Social Security. I'm dead in the next five years. My mom, God bless, God willing, is gonna make it to 100, okay? So are all our parents, if they take care of themselves. What are you gonna do?

Live on the government for the next 30 years with your couple hundred grand and your 401k. It's not gonna to happen. Mom keep working. Now, what's a pat said, and this is exactly what I tell young people, you have two choices to what to do with your time. Your time is your greatest commodity. You can either spend your time or invest your time. What Pat's talking about playing video games and being on Netflix, congratulations, buddy. You spend your time. I was the king of spending my time in my 20s, clubbing, partying, fantasy football, fucking about. And until I had to like,

time to invest my time, reading, content creating, networking, that's when I saw my life improve. So the choice is yours. Yeah, and just piggyback on views. So my mom's retired, that my sister, there are a niche she's retiring from the Air Force

next month after 25 years. She's getting up, she's not retiring, kicking her feet up. She's gonna use the skill sets from the military. She has to get a fucking job, you know what I mean? Because her and my mother are moving to California. My mom's income and my sisters' income are gonna just basically just get them rent. Because they're not gonna buy. You know what I mean?

They have to rent right now in California, so that's how you're right. Yeah, and also I think it's an opportunity to kind of like, think about what you really like. I have a friend whose mom retired from, you know, traditional job she's had for years. She always liked, this sounds crazy. She always liked basket weaving. She started a basket weaving business

and is selling this stuff. Home doing creative, went on Etsy, started a shop. You know, so it doesn't have to be. A lot of people say, oh, I worked in an office for X amount of years, I'm burned out. I can't, it doesn't have to be. A lot of people say, oh, I worked in an office for X amount of years, I'm burned out. I can't, it doesn't have to be in that box, that way of thinking. You can branch out.

I have another friend, 50 years old, became a personal trainer, decided that was always a passion of his. Didn't do that as whole life, was in banking, hated banking, got out of banking, was like, I don't know what to do. Let me go do something different. So it doesn't have to be like this straight line.

It can be kind of all over the place. Think of it like a tree branch. I've even thought about getting a personal training certification. I love to exercise. Why not? Why not have that in my back pocket? If I ever want to open a spa, if I ever want to open a gym,

which is a dream that I have to open, something wellness-oriented. Me having that certification, that's a plus for me. So I'm thinking about doing that right now, even though I'm doing the podcast, it doesn't have to all be, you know, eggs in one basket. You can really think outside the box,

and now more than ever, I feel like it's a time for people to do that. Of all age brand. Let me tell you something, because obviously you know my core business and the insurance world and life settlements, 60, sorry, a hundred thousand baby boomers turn 65 every single day. Wow. Okay, for the next,000 baby boomers turn 65 every single day.

Wow. For the next decade, baby boomers up until Millennials became the largest generation, 80 million plus, are the largest generation. So this is advice to your parents. Like, I doubt there's many seven-year-old listening right now, there's a few, but the hardest thing you to do at 65 is realize you probably are gonna live

another few decades. Yeah, and it's gonna be, it's very hard to do, especially if you're not technologically savvy to update your skill set. But, you know, it's hard to do, but you gotta do it. And if my mom's listening, my mom, my mom was one of the best cooks ever. Mom, Gordon has had Z truck or a Kip-Tet truck.

Just started selling cheese. I mean, my mom was legit classic. I don't know what you just said, but I know you said that person and you ask for your mom's to be like crack for middle crack from the leesers and Patrick. Patrick I'm I promise you and we're gonna make it I'm being real my mom is one of the best cooks and I've eaten a lot of food from a lot of different people. My mom's gonna come visit. She already made care cake that one time that almost got arrested at the airport. My mom put them in that guy I can't you want a lap? My mom goes no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no Yo sick so I'm she's I'm coming here. I'm I'm moving here. We got the job with Pat and my mom makes his care cake and

There's confection sugar that you're supposed to put once you serve it She puts it in the middle of the cake Jen without letting me know I show up to fucking LAX my bag goes through and I'm not joking You know the x-ray people you can't really see them. Yeah, it's a black girl and she just sends up and she goes oh hell It's a black girl and she just sends up and she goes oh hell no What she's like is that you secure cops everybody I go what the hell's going on? I'm not stupid. I don't bring I don't have drugs. I'm not she goes what the hell she pulls out this bag It's confection sugar looks just like cocaine. Yeah, and my mom writes a note. This is sugar. Yeah Sugar. Yeah, don't, this is not cocaine. Yeah, the guy goes, just sort of,

oh really, this is the first time we've gotten the, this isn't cocaine, this is sugar drink. But like, my mom's cooking is amazing. We might have to open up a care cake shop. But that's exactly what all our moms and dad need to be reconsidering, rather than aging out of the workforce. Reinvest.

And FYI, during times of crisis, small businesses get started. Mom, look up. Just remember this, small businesses get started during times of crisis, small businesses get started. Just remember this, small businesses get started during times of crisis. So awesome, okay. Let's continue. Let's continue with the next story. Next story is TikTok, okay. FCC Commissioner urges TikTok to be removed

from Apple Google stores over unacceptable national security risk a Fox business story. Let's see what this is all about. So, uh, Papa, here we go. security risk a fox business story let's see what this is all about so uh... pop up i think we go and in a letter data june twenty four brand and card the commission of federal trade federal committee communication commission warn apple cio tim cook and alphabets cio

soon-to-war pichai of an alarming new report that shit fresh light on serious national security threats posed by tiktok tiktok is not what it happened what it appears to be on the surface it is not just an app for sharing funny videos or memes that's the sheep's clothing car road at its core tiktok functions as a sophisticated surveillance tool that harvests expense extensive

amounts of personal and sensitive data. TikTok available to millions of Americans through Apple and Google online stores is owned by the Beijing-based company bytans, an organization that car asserts is behold to the Communist Party of China and required by Chinese law to comply with the PRC surveillance demands. I would i would understand this under trump administration to come out of story like yeah but if it comes out under trump and byton guess what it is it's real yep i agree one hundred three how do you feel about this yeah i mean i i don't have a tech talk i i thought about it i think it's

appealing like as you know a tool i thought about it for the show but i am concerned about this you remember when trump brought this up and everyone was like, oh, that can't be. He's just trying to shut down a company. He's trying to be, you know, he's now a big, tiny government. But the reality is, there's a lot of stories. There was a story that came out in Buzzfeed recently about this that was talking about how there was data of US users that was accessed by entities in mainland China. So it's a concern.

Are they harvesting data? What are they doing with the data? Are they holding on to it? What kind of personal data are they able to retain? What are they going to do with it? I mean, you don't want the Chinese government having access to that data. So it's a concern. I'm, you know, and it's interesting to me because this has been a story that's now gone through two administrations. This doesn't seem like it has a political bent to me. It doesn't seem like it's a part of a political narrative. So I'm surprised that more people aren't tuned into it. And this is TikTok is the home of young people, right?

Young people are plugged in left and right. So do they not care? Like, is this not a concern at all? I mean, privacy? Privacy, I understand people feel like in 2022, you know, privacy is dead. But they're talking about your personal data, your personal information that could be the possession of the Chinese government.

So, yes, absolutely 100%. This is something that crosses my mind. Every single time I consider doing a TikTok, I take a pause, I sit back and I don't do it because I'm worried about where this data is going, who's holding on to it, and then they said something about, oh, we can modify this, and we can have, you know, it be controlled within the United States. Well, that doesn't matter. It doesn't matter.

All of that data is still going to be transferred over to China. It's still going to be in their possession. So I get, comes down to a question. These are, again, this doesn't seem to be politically motivated. This is crossing to administrations. Are you comfortable with your personal data, potentially being in the hands

of mainland China and the Chinese government? If no, you might wanna consider your presence on TikTok. If yes, I don't know what to say, man. And I piggyback on a verb, and I think this is what's messed up your day. You could tell all these kids, all these middle aged people that are on there, the truth in what's happening, they're addicted.

They don't give a shit. You could tell them to pay. And they're making a shit ton of money, Vinny. Not sure if you're making a shit ton of money. Yep, 100 shit you could tell them money money. Oh, honey. It's up. You're gonna shit ton of money Yep 100% you could tell them to their face This is all going to China that you know It's oh you got those what the hell they're doing with it. You know they would say okay fine Whatever I got I gotta leave I have to go make another video Same thing with that remember that old face swap app

Look I'm older everybody and their mother was doing it was doing the pandemic That's a Russian base company that the face of your got the faces from and that that comes back to my point I was actually talking about this to Rob earlier, but China is they're they're just gangsta Both they could do whatever they want. They own us. They could get away with everything But still to this day like we still haven't held them accountable for COVID. Is that crazy? That's all gangster China's what are they gonna do with it though the daddy? You think about it like think about an influencer We still haven't held them accountable for COVID. Is that crazy? That's how gangster China is. What are they gonna do with it though, the daddy? You think about it?

Like think about an influencer, you know, a 20-something influencer now making half a million dollars a year off of TikTok videos. Because they do. You can make a shit ton of money. And it's not hard to make money on TikTok because of the way the algorithm works. If you post a lot, you can make a lot of cash,

which is why I was like, mm, should I consider that? It's good show promotion. But what is the Chinese government? That's the other thing, because I think people sit back and they read a story like this and they say, well, what are they going to do with my stuff? I'm just an influencer on promoting products.

I'm 20 something years old. They're not going to harm me. So what, that's the question for me, too, though. Well, you know how to say them. What are they going to do? Your picture, your images, your personal information, how that's going to be, your voice, what is that data breach, what is the potential, where can that land that can be scary for your average 25 year old, who sees themselves as disconnected from

this story? I don't know. Yeah, well, they say, you know, regarding social media, if you're not paying anything for it and you're not buying a product, you are the product. 100%. Okay, so with TikTok, I believe this is China's sort of TikTok Trojan horse into America. And Trump has been talking about taking away TikToks for two years now, right? But for young people, two things. They've grown up with scroll, scroll, scroll, accept. They're not reading the disclaimer and what's happening with the data. So what they're doing, three things to take away from young people

They're taking away their minds right needlessly just scrolling scene stuff that's not helping their lives Number two, they're taking their time and like you said number three they're taking their data What they're gonna do with their data? Whatever the hell they want to do with the data Why do you think Tesla is? Almost at a trillion dollar market cap or when it was. It's not because they're selling the most cars ever. It's because they're collecting data. They're collecting data. Tesla, I think Elon Musk is famous.

He said, we're not a car company. We're a data company. Yeah. I remember that. So let me say a couple of things here. So I eventually ended up on TikTok. Okay, and if you follow my TikTok content, it's what TikTok doesn't want for it to be on.

Okay, so that's my approach with TikTok. And the audience is young. So if I'm in the job of persuading you to consider other options and philosophies in life, I want to talk to people that are disagreeing with me. I don't want to talk to people that agree with me, I don't want to talk to people that agree with me, who am I converting? Nobody. I want to challenge you a way of thinking that if you disagree with me, I've been putting

content on TikTok for about a year now, okay? And, a few of them go viral, one got five million views, a few of them like 10 of them got a million views, and they spread, by the way, much faster than Instagram, it's not even the same way. Two videos, one of them got me taken off of TikTok

for a day that I send an email to them and support and they apologized The video that got taken down is when we talked about Nancy Pelosi's husband Making the stock press people that were saying if you want to be able to predict the market Invest in whatever Nancy Pelosi's husband invest in I got I got taken off of TikTok for that Surprise I sent an email to them and a TikTok support on TikTok. God, back and said, I'm sorry, it's a mistake of ours. You know what's the other one that's not been taken down that they took down the video,

but they didn't suspend the account. It was when we talked about AOC's biggest nightmare is who? AOC's biggest nightmare is who? Do you remember when we say here? Look at this Community guidelines Violation, right this video. What's the thumbnail? Just read the thumbnail AOC's worst night. AOC's worst night. Do you remember who we said AOC's worst nightmare was? Who did she go with on Twitter? Oh, and she was going with Elon Elon Musk. Yeah, that video is to say aOC's worst number because him went to when Elon said hey

I'm shy. Don't do this. Remember that whole thing. Yeah, I'm crushed on me. They have not this video was uploaded May 27th This video has not been taken back and I disputed it and they said we've had your dispute We're still considering it. It's been over a month So it's stuff like this that TikTok does, which tells you politically which way they're leaning. Why did you not take those videos? What's the big deal? I didn't say we didn't talk about vaccine.

It was not mask. It wasn't COVID related. It was nothing about that. AOC and Pelosi, both of those reasons, the videos got. So now, Brandon Carr, the sky Brandon Carr, who is Brandon Carr? So here's your Brandon Carr, check this out. The guy got nominated the guy he was he ended up being chosen to be the federal communications Commissions in 2017. Guess who assigned him that job a guy name Donald Trump

He he was he was confirmed August of 2017 Do you know what's unique about this when you get this job? Guess how long your job is how long long is your term? Five years. Oh, wow. Guess when his five years is coming up next month. So he may be getting fired. I would not be surprised if this guy gets fired within six weeks. If he gets fired within six weeks, this is his last chance

to bring attention to TikTok being a concern. And we're going to see if they're going to do anything about it. If this guy does get fired, just assume it's to protect TikTok. If the current administration Biden chooses to investigate this and go a little bit deeper, that means it is a topic that they're both on the same page with. And by the way, before speculating, let's see if branding gets fired six weeks from now. If he gets fired six weeks from now, we can speculate. As of right now, all I'm telling you is,

the guy's job expires in the end of July, okay? So let's follow the story to see what happens to his brand and car guy. And there's a reason that his term, I'm assuming is five years, it's because you're not gonna get fired when the administration comes in. You're gonna at least have a year to kind of

navigate the waters and transition. But are you not concerned? Because I remember you were debating, we've talked about the TikTok, you weren't on TikTok, over a year ago, I don't know, China Trump. But you must have said, all right, there's the pros and the cons, kind of like the angel and the devil.

You must have said, all right, the pros, I'm gonna put out content, I'm gonna to convert the convertible, speak to people different, but you must have some data concerns, no? Of course, I have some data concerns, but my concern is more philosophy concern. So people say, why would you bring so many communists that your interview and do you not realize they're indoctrinating young people who watch your content? No, I want to talk to those guys so so their arguments you get to choose and say, well, that's definitely the thing that makes them.

Like, remember the guy that said, I'm gonna give $70,000 salary to all my employees. Do you guys remember that one story? What was the guy's price? What was the guy's price? Then price, right? If you've never seen this interview, go watch it. I told him, I said, I can't believe you accepted

the interview with me, but I'm impressed that you did. So I said, so how did you structure your company? He says, I don't believe, I say, he says, I also only make $70,000 a year. So really? Yeah. Everybody on my company only takes $70,000 a year. I said, wow, it's very interesting. I applaud you. I said, what's your company do? Where we do around $40 million, numbers, okay, so if we take 20% on margins, 30% on margins, so it's about a hundred million dollar company. Says, yes, you have to watch. I said, yes, I said so, the same, I said so.

How many employees do you have? He said a hundred employees. I said, so I'm assuming you've also given a percent of the company to all your hundred employees, because that's when it means you're total socialist, when you're being fair with everybody. Who owns the entire company? I do.

With, I said, Dan, if you really are so concerned about your employees, when do you plan on giving each of them a percent? If you've never seen this interview, you have to see this interview. He says, I think you should go full. So go one more step. You know, don't just stop at 70.

Take a percent and give it to everybody. Well, you know, technically tax, I can't say no, you can't do that. I've done that. I did that myself. I gave some shares to my guys, not 100 percent of them, but I also don't agree with you the fact that everybody should make 70 grand. I think some people should make more money and some people should make less money and some people should get fired and some people should get promotions.

So the point is, you go on TikTok, what a young people are to say, huh, that does kind of make sense, but I can't agree with it. That does kind of make sense, but I can't agree with it. That does kind of make sense. I can't agree with it. Should I agree with too much stuff this guy saying, damn, this is not good.

Because my professor I loved, he would have hated this guy and what he's saying. But I'm starting to like what they're saying. What is going on to me? Am I like getting that's why I'm on TikTok? I got to make sense. Yeah, I'm working on money on TikTok. Like what's my trying to go do a video on TikTok to be famous? No, that's not the strategy. The strategies to get these guys to be looking at other options. Let's see when we post this on TikTok if it gets

flat or community guide. We're about to find that. We're about to learn a lot of, and I'll keep you up. Say update it next time. Sure, we are going to post that on TikTok. Okay, let's continue. Next story, do you guys want to go to the trends? Yeah, please. Skateboarder, let's go to that one right there.

Or even with trends. Which one do you want? Our friend. You want to go with your own. Peter's, I don't know. That's all kind of one of the same stories. Let's go to the skateboarder first because we have some skateboarder fans. So, trans skateboarder

who won first prize against teen is a combat vet that that who was rejected from the Olympics. Okay. All right. So, let's see what the story is. 29-year biological male who came in first place at a New York women skateboarding competition is a father of three and a combat veteran who was previously rejected from the Olympics were having too much testosterone. This is not a joke. I thought I wrote this in a comedy. This is not a so richi trez who also goes by richi and trez, one over Shiloh Couturia,

13 year girl who was ranked 133rd and border global ranks which are based on performance and skateboarding competitions Trespi comparison sits at 838 and ranking Tresp took the top title and the woman's division at Of the border open taking on $500. I have three kids. I'm married. I Did my time in the military. I want a company. I've decided I like to be in pretty and cute Trespi that in an interview about skateboarding year. So everything that goes with that is female. I love female bodies. I think it's a work of art.

Are you positive? This is a true story. It's 100% of true. I thought this is on Fox News. I thought he was trying to like troll us, but this is written. No, that's real. That is real.

Listen, sometimes you just want to be pretty and cute. Chad, you understand? Like, and I want to beat the show of 13-year-old girls that their dreams are just crushed. See, this is where this conversation has gone now. Now, you have a 29-year-old biological male who is beating a 13-year-old girl in women's sports, and we're all supposed to sit, swallow it, and say,

oh, this is the new norm. This is destructive. This has been a stain on women's sports. You now have a lot of female athletes coming out and saying, you know, they're afraid to talk. They're afraid that they're going to be stigmatized. Because they're afraid they're going to be stigmatized. They're afraid the second they open their mouth, the media is going to come in, you know,

you're going to have some article in Cosmo magazine about them and calling them a big it and your anti-trans one in fact These are girls who've worked their entire lives. They have struggled their entire lives They've made sacrifices. They've decided not to party not to hang out with their friends because they have a commitment to sports They finally get to the top and now they have to compete with a grown man and no one's allowed to say that it's a grown man So you have some sports that are coming out now. What was the sport Tyler? We talked about it the other day that came out.

I don't know if you remember and said, this isn't gonna fly. Swimming, swimming, right. So swimming came out, which is, antithetical to what's going on in soccer. Fina. Right, but it's. I put out that picture with the guy with the swimmer.

Utterly with the swimmer. And also, it's like six foot six against five foot two women. And this is, this went from power station. I talk about this on my show a lot because this went from a conversation about acceptance of like live the life you want, do what you want to do. You're an adult, you're not hurting anyone else, you're not asking anyone else to pay for whatever you're doing. Great, we can support.

Do what you want to do. To now, if you don't endorse this absolute psychosis that's going on, look at the image here. Look at this. Look at that's going on, look at the image here. Look at this. Look at that. He's huge. No, no, she's huge. She's huge.

It's not a she. It's a grown man. He has his testicles and his male parts. Well, that's, come on man. But you just look at the framework. Yeah, look, right. These women are clearly five to this guy, six, five. Yeah, he's a swimmer by the back.

And you're supposed to say there's no event. You know, they came out. A lot of the swimmers. A lot of the swimmers came out and said, he's a swimmer by the back. And you're supposed to say there's no event. You know, they came out a lot of the swimmers. The trans swimmers came out and said, oh, we don't have an advantage. You don't have an advantage? Come on, we all have ice in ears. We weren't born yesterday. So what happens to all the girls,

the actual women here is, is women sports gonna cease to exist now? Think about it, will it just be men sports and trans sports? What's gonna happen here? I'm serious,'m serious question. I honestly think, and we talked about this early, before I walked into, there should be a league, just a trans league, we're calling it like,

pfft, tits, tits, I don't know. Just play every, listen, whatever you're confused, whatever you guys play over here. Leave these little, like, dude, this 13 year old girl, do you realize she's gonna be, like, her father's gonna have to sit her down and go, listen, honey, you lost to a man grow up here literally like you're gonna have to get some testosterone in you

and cuz like it's you it's cheating I don't care what you say and you made a good point with nothing against that community good I feel go do your thing but when it comes to sports you're messing up people's lives that little girls that's her money yeah you don't get to deprive you get to do what you want with your own life, but you don't get to deprive somebody else of something based on a new set of rules that you've now demanded that we all endorse. Well, that's not how it works.

Let me tell you why this skateboarding thing is it probably won't get as much tabloid time as this for whatever reason. That these people are at least the same age. Whether they're, you know, whatever private parts that got going on, they're all in college. Okay, you're 18 to 22, I get it. You're talking about a 29 year old person versus a 13 year old girl. Yeah.

You're talking about a world. That is probably a man. In other language, a grown ass man and a young girl. That's exactly right. So, Pat, you got, I me, but you guys have kids. What do you tell your 13-year-old, I'm being dead serious because I was trying to be funny. What do you tell your 13-year-old daughter

who just be a big ass field of people her age, a 30-year-old dude, a 30-year-old veteran that wants to just be cute and pretty and fucking skate. What is, Pat, honestly, what are you two when you can get very simple? It's very simple for me. One, I go speak to whoever organized it. Okay. And I try to use my voice to create change.

That's number one. And I'm gonna go recruit other people to also say, do you feel the same way? We need to have a meeting. This is not acceptable. If these parents are not happy about it, I'm not alone. We got more than 50, 60%.

I think you have to listen to what we have to say. Beautiful. Then, if they say no, then I have to look at other places where they can compete fairly, and I'll go go look at it. I'm not a helpless person. I will find solutions,

and I'll go to a different place. It's okay. So now, imagine now when you're putting your kids in a competition, you have to ask the question, just add a curiosity, such and such area when they compete, they accept transgender competitors, and they don't just go based on what the biological situation is, what's your protocols? Oh no, we don't accept that.

Okay, that's great to know, then I would like my kids to fairly compete here, and if they lose, they lose, if they win, they win. No problem. And then, if at that point, you're not happy because nobody around you has the set of values and principles that you do, then you have to make a real serious decision with your husband and your wife and say, we have to move to a different place that matches our values and principles.

It's that simple for me. It's not that complicated. Well, would you tell your kid, though? I'm going to have a conversation with the kid. And say listen, I'm just, oh, we already have those conversations because that conversation's being had right now, as we speak.

And I'm straight up, I explain to them how science works. I explain to them how the values of parents and mothers and fathers play environment, values, principles, confusion, it's very easy to get confused. And that's the conversation. It's a form of a boolean. And in our family, we don't support boolean. Oh, good.

We don't support boolean. We stand up. So, but I think the approach is more from the standpoint of, you know, when people were like, I'm not again, Rovia, I can't believe what you're doing. Dude, if you're so much for it, try to make change in the state you're in. If you can't, move to another state.

I agree. What are you upset about? I didn't like California's policies when he came down to supporting small business owners. I tried to see if I can do anything about it. I may change. I moved to Texas and I moved to another state. Do we have somebody on here with us?

Is she ready or no? If you want to okay? Fantastic. Let's get right into it. So next story that we have is a story of Let me first introduce to you who we have here with a sepia shine. Am I saying it correctly sepia? I can't hear you guys can we make sure we can hear sepia before Because I think sepia unmuted herself. Maybe it's on our end Eric gang can we seepie. I'm assuming you're unmuted on the zoom on your end, right? Okay, so what you need to do she's speaking. I'm sure she's unmuted if you go on your go on your zoom thing that you have go to the audio on the to the right of mute Yep, try it now Eric if you can come can you hear me now?

Yeah, we have it unmuted over here. Try it now. Try it now. Can you, Cepi, can you say a few words just to kind of hear? No, I can't hear. I'd love to hear it because of the story going on in West Hollywood. So it could be one of those things. We are unmuted. Everything should be good. Eric, can you come in? Can you hear me now?

Okay, so Cepi, I'll have the intro here for you, mayor pro temp of West Hollywood, West Hollywood Council member behind the defund the police movement that you have. I believe a story came out, which I think Rob reached out to you, and I'll read the story to you, and then I'll let you comment on it, and we'll have some banter here, upscale West Hollywood votes to defund Sheriff Department, even as crimes soars to 137%.

While savings will be used to fund dirty, unarmed, security ambassadors, and a Russian arts festival. Now, keep in mind, this is an article I'm reading. So, forgive me if you don't agree with the article. Let me just finish the article here. Here we go. West Hollywood City Council has voted to defund their Sheriff's Department, despite crime, but rocketing 137%. The proposal passed by Nero 3 to 2 vote will see the current force of around 60 share of deputies reduced by 4. Funds saved by reducing the headcount will be used to pay for unarmed security ambassadors under a scheme called block by block. Despite slashing the police policing budget, the council agreed to stump up funds for Russian Arts Festival,

increasing their contribution from 14,000 to 50,000. And then Lauren Mester, I believe, if I'm pronouncing the correctly Democratic mayor of West Hollywood and a member of the council who voted against the plan, called it illogical, noting that the Los Angeles Inclate is afflicted by rising tide of violence. So having said that, Seppi, if I'm not mistaken, you were the leader in causing this change. Yes, if I'm not mistaken. So here's the thing. I made the motion and there's a lot of misinformation out there about what we did.

What we actually did Monday night was go through and approve our entire budget. What we did with regard to our community safety department, which has nothing to do with the Russian Arts Festival, that's a completely different budget line item. We actually increased our public safety department budget as a whole. We reallocated funding within the department and increased public safety funds. This whole wording about, oh, they're defunding the police. This is actually not what the defund the police movement was supposed to be. Defunding the police movement was about slashing officers and putting that money into social services.

What we did do is on a different budget item, increased social services by a million dollars, but it had nothing to do with this. We have a proven program called Block-by-Block Security Ambassadors, which by the way, the mayor herself brought forward two items to increase their presence on our east side, which was having a lot of crime in commercial corridors earlier this year. And that proved really successful. And then throughout the commercial corridors in this same budget, we increased six key asks for our businesses and 36 full-time block-by-block ambassadors. So it's really disappointing that she supports this program

for businesses, but when it comes to residents who want foot patrols, she thinks it's not successful. And that's just a rhetoric she's using to get reelected, finally. That's the fact. The fact is, yeah. That's the fact. Jetta Dye here, I just had a question for you.

Because the original Z-Farm the police movement, the motivation was actually to reallocate money, but it was to remove money from police and move it into other aspects. Oftentimes, people suggested social workers, other options that were not. So what I'm trying to get to the bottom of, see, I don't know what a block-by-block ambassador is here,

but ultimately, you have a problem in this area of California with crime. I think we can all acknowledge that. So is there going to be money, A, that leaves the sheriff's department that is going to cause less police officers to be available, to be on the street? And if so, what is the alternative to that? Are you going to advocate for second amendment rights for citizens? What is the alternative? Because safety has to come from somewhere. And if you can't call the police, what do you do? Sure. So here's the thing.

Our residents have wanted us to have foot patrols in neighborhoods. And the deputies in the sheriff's department, their pay has increased substantially over the past 10 years, almost doubled. Is the foot not interrupt? The foot patrols armed? Are those people going to be armed as police officers would be?

No, they are not armed. So what happened? So what happened? There are block by block security ambassadors that have proofs successful to deter crime. Are they armed? Are the security ambassadors armed? No. No one is armed. Okay, so I have a question for you though because the criminals are armed.

Criminals are most of the time armed with something. So if a criminal has a gun, we know criminals don't obey laws. They get a gun, they get a hold of a gun, they see, they set out to cause crime, to rob, assault, whatever it may be. And they're not confronted with someone who is armed. What is that person gonna do? Get shot. What happens there?

Is that it? How are you envisioning that conversation? Because to me, it seems that someone who's trained, someone who has passed their background checks, someone who is a citizen who is armed, or someone who is a police officer would be the best person for that criminal to meet on the street, not someone who's gonna try

to talk them out of committing a crime. I'm genuinely curious of your thought. Yeah, sure, here's the thing. We have trained our block by block ambassadors, and crime doesn't just happen in an isolated place in the city of West Hollywood. It happens all over. And we have proven that these block by block ambassadors actually deterr criminals. We literally have proof

of that. And right now, they have not been under harm doing their job. They've been doing a fantastic job. But the crime rate in Cal, what is the crime rate in the area, right? So, so the power if they're doing a great job, why does the crime rate look like that does? The 137 percent, by the way, is also factually untrue. That was a point in time. And literally, the problem with percentages is you're looking at something if, if there was one robbery and then it became two over six months, that's a hundred percent increase. The fact is, we looked at all the numbers and all the stats of crimes and the 2019 numbers were actually higher than 2021.

Of course, 2020 was low because crime fell because people mostly were locked into their homes. So these percentages really create more fear and they're actually not based on what the truth is. And so the block by block security ambassador is works in our commercial corridors and it's going to work in our residential. And we're doing this in a very pragmatic, slow way. We're going to be decreasing two deputies in 90 days. And we actually added one extra deputies.

So the net total in 90 days will actually be one. We've had issues in our night life district at night. So we're adding one entertainment policing deputies. And then nine months from now, we're going to reevaluate the program. We're gonna evaluate the issue. Can I ask you a question? With the response, sure.

With the cry, let me finish. We're gonna see what the crying stats are in nine months and in nine months, if the program is successful, we may reduce three more deputies. And this is 60 deputies versus then 56 in total, potentially. Cappy, can I, a legitimate question I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I'll, I upheld for individuals in New York City. How do you feel? What do you say to someone like me, I'm a young woman, I'm pretty small in size and stature? I like the idea of a police force that feels supported,

and I like the idea of a strong second amendment, because I know that if I'm met on a street corner by someone who wants to do harm to me or my child, I want someone, I want the good guy with the gun, be it a police officer or myself, to be able to counter that person What do you say to someone who hears this and hears you know about ambassadors and social workers and just doesn't feel Confident and comfortable living in a city where that is the alternative and the antithesis that's presented to a criminal

Walking around with a gun who seeks to do harm. What do you say to me? First of all what I say to you is, I understand your fear. I understand your fear. And honestly, as a woman, I myself have had fears walking streets. And what I will also say is looking at the actual crime stats, they're not as high as the media is making them seem and spinning them. But it's not just a media game set because I've been in I've been in WeHo and I've been

in New York City. It's real. It's tangible. It's on the ground. So I mean, do you support the Second Amendment? Are you a Second Amendment advocate if someone wanted to go and follow the proper protocol? And they said, this is my city. They're decreasing the police force.

This is my opportunity to step in and defend myself and my family. Would you support that? Defend yourself and your family in what way? Yeah. Say I wanted to get a gun. Say I wanted to follow protocol. And I said, there's less police on the streets. I don't trust that I don't want to pick up my phone

and know that resources have been cut. And maybe there's a five minute delay on when when that police officer arrives because there's less of them This is a decision being made saying California, so I want to go and I want to get a gun to protect myself and my family follow proper protocol Pass that you know the checks. Do you support that? Listen We now live in a different America with people being able to now carry concealed weapons. California has not analyzed what our laws are with respect to that.

No, but I'm asking you. I'm asking you if you support. What I support is if someone, if someone under the law needs to defend themselves, then they can defend themselves. And what I would say to you just to finish up on that is we have tested this program. Our residents have wanted foot patrols in our residential streets, and we are giving them 30 boots on the ground, and we're doing it in a pragmatic way, which brings public safety, but also slowly phases out, literally actually the total of one deputy in 90 days. That is something that will give more public safety to people, and we're going to monitor the program and see what happens in 90.

Those people, those people, better be prepared, in my my opinion to do some combat. I mean, if you're telling me those people go and train to be, I mean, you're talking about boots on the ground. They better, I mean, are they kickboxing experts because people who intend to talk about their own. They're already on the ground. They're already on the ground. So we know what they're saying. Look at the crime. They're already all over the city in the commercial areas, which actually have a higher amount of crime than everywhere else so they've already been tested and They've been successful. I've actually said he's Vince no shion here. I actually witnessed this firsthand I was I was working doing stand-up auditioning doing on myself working security in North Hollywood on Magnolia and Lancashire which is all little restaurants and and diners and it's popping coffee shops and all that stuff.

And there was always, I want to say three or four, because I was working security, the safety ambassadors that you were speaking of, they were the yellow shirts and no gun and they patrol. I personally didn't see any less crime. I mean, the fighting and everything was still happening. The only thing that they were responding to from where I was at was the homeless situation. Like when homeless people were starting to fight or argue or, you know, they were doing drugs, they were called, and there was instances where we needed the cops called. That's all that they were doing was calling the cops for us, which we could have done ourselves. There was a guy that had a knife and it was like, oh my god, the safety

ambassador does not get involved. They just called 911 and I was like, I could have done exactly what you just did. So I'd be interested to see if the numbers do change because at the end of the day, the cop was called and if we're getting less cops and they're not getting motivated to come help, I don't see how that would help the crime rates. Yeah, I mean, I'm really curious. We're in a partnership with the sheriff's department. We're not getting rid of them. We're actually also, by the way, looking at a feasibility study to create our own municipal police department too.

Why is the motivation? If you don't mind me asking, what is the motivation to cut? You know, you emphasized, oh, it's only one officer. What is the motivation behind the cut overall? Why do you want to make that cut? Sure fiscal responsibility because we had to pass a budget and One sheriff's deputy equals 4.6 block by block ambassadors So it is it is balancing a budget and It is balancing a budget and reallocating the funding

to another department that's an alternative. It is something new and I understand the fear people have when people try new things. And this is a new alternative that is actually not new in our city. And by the way, regarding North Hollywood, I don't know about North Hollywood, where city of West Hollywood and our block by block program has worked. Yeah I agree with you on fiscal responsibility you and I can agree on

that point I'm a fiscal responsibility girl I'm somebody who you know you should line item budget look at that budget see what cut what you can but I'm just gonna say to you that it's not realistic, in my opinion, to if you're going to go for fiscal responsibility, the last area you should be looking at in a place that does have exponentially high crime is cutting the police force. It seems to me that there must be some political motivation involved here. There was political motivation involved in the defund the police moving at large. I'm just going to put a warning out there that if you throw out, I don't care if it's a social worker,

I don't care who it is. If they're unarmed and they're just going to seek to keep the peace, it's an admirable goal. It's an admirable gesture. But if they are faced with people who intend to do harm, who are armed, that's going to be a problem. And they're going to be families, moms, dads, that are going to take one look around at that.

And they're going to say, I need to take this job on to myself. If there's not going to be an active police officer to do they're going to say, I need to take this job onto myself if there's not going to be an active police officer to do what they can and should be doing in this space. So I would not be surprised if you see people go in and get registering for their gun licenses and seeing news stories like this in places like, you know, WeHo or wherever it may be in New York City,

I've seen it happen in New York City already. And you see, you know, citizens feeling like they need to now do the job the police officers should be doing because they're concerned that a defund the police movement isn't prioritizing safety. And that's just my opinion. I thought we were limited to time. You got one minute, if you don't want to see.

I just want to throw out an idea. Hopefully Cephe's open to it. Our friend Vince right here, he just moved here from LA, California, the next time you're there, are you willing to go along with the yellow shirt, crew, the 30 of them, and just go there, let's get some tangible cases. I believe in our city.

Are you able to do that, SEP? SEPI, I'm done. Don't let her answer that. Are you able to do that? I am happy to connect you with our block by block and heritage, and next time. There you are, hi. And is there any way we can go find

a good Gordon S.C. place anywhere? And the find the good Gordon is that see place anywhere Gordon is I wish there was a Persian restaurant The only one is There's one right outside there's and there's plenty all around Appreciate you for coming out and taking the questions we respect a lot. And we look forward to following up with the folks of West Hollywood are watching this. If it works, my suggestion is tell the world about it on Twitter. And if it doesn't work, I also suggest tell the world

about it on Twitter and YouTube. So we can all see if this is something other cities should consider as well. Sappy, have a great day. Thank you again for coming on. Thank you, Sappy. Thanks everyone. Fantastic.

OK. All right, by the way, for me, again, the fact that she said yes to be on last second could for her come and give you argument. You're faced off with a respectful Jedadaya who will push, but you'll respect and then the audience can make a decision for themselves. That to me is what a great exchanges and you decide. And and and did I admitted on camera that she is a fiscal conservative so I am a fiscal okay there's just not from your rent from your rent from your rent yes sir do you think that'll work there's so much minutia right there I'd like I like the fact that she said in nine months we're

gonna revisit this she did not seem crazy lunatic fringe I don't as a person I don't know about her policies. She seemed actually pretty reasonable. I don't get involved in West Hollywood politics. That's not my thing. But let's see what happens. You're absolutely right. If it works, tell the world about it.

But if it doesn't work, you also deserve the right to tell the world about it. And then we'll see what happened there. Okay. Sounds good. Gank. Today we had a good time. Couple of things I didn't want to tell you guys. Let me give a couple shout out to some folks here today who were on the podcast.

One, Scott Rodriguez, we already did, two, we had Gil Mann, a man who said, I'm a long Island Jew, I work in the city, anyone who has the means and isn't tied down is moving to Florida. Bloomberg once said, Bloomberg once said, living in New York is a luxury. What a statement to make.

Living in New York is a luxury. You have to be able to afford it. Mr. Barefoot Blue Jean, what a name. Gave 20 bucks and said, please get Pierre, Paulive Year, the next leader of the Conservative party and the next PM of Canada on the show. We've invited him, but if you have contacts, let him know.

We'd love to have him on. Victor, thank you. Dr. Sainz gave $100 and said, also watch Too Big to Fill Great Show. Pat, tell me you went to airborne school. If not, I guess we can be perfect. LOL, thank you for your service, brother. Thank you for yours as well.

I went aerosol, not airborne. Jonathan Flintes gave 10 bucks, and I said, I'm 30 years old, married. With a one-year-old, we make 150 a year in California Bay Area with the recession starting tomorrow. What must we do right? Make more money. It's what you got it.

And we had a bunch of guys that became insiders. Alex, I will see you at SLS, Dr. Sainte. Congratulations, 20 bucks, Bitcoin. Oh, you guys have a Bitcoin. We didn't get into Bitcoin. Maybe we will laugh next time. And a bunch of folks became members today. Let me give a quick shout out to the new members we got here. Matthew Chris is crypto trends 101. Scott Rodriguez upgraded to insider Allen Hopkins, Leo canal, Andre Pasco, John Butler, Kevin Northcut, A and A,

Eddie Gomez, Michael Peterson and M1. Welcome to the membership on the podcast. Also quick shout out to the couple that is just got proposed. They're about to get married. I believe his name is Matt, but I do know his fiance's name is Rachel. Finalee, shout out to you guys. Enjoy the photo shoot and wishing you guys nothing, but the very best folks. Happy 4th of July. Don miss jettadaya's podcast don't miss value taming comedy subscribe to value taming

we have a bunch of stuff coming out guys please do it yo yes today with the italian news if you haven't seen it i've got so many text messages and obviously Adams got some podcasts all i got a special one is coming up that's a big one to Do it for a key money. Have a great weekend everyone. Bye bye bye bye bye.