PBD Podcast - Jerome Powell Increasing The Rates To New Highs | Ep. 245 | Part 1

Episode Date: March 9, 2023

In this episode, Patrick Bet-David and home team will discuss: Jerome Powell Increasing The Rates To New Highs The dangers of a 4 day work week  Why everyone is moving to Florida  Wall Street Journal trashing Ron DeSantis's new book  FaceTime or Ask Patrick any questions on https://minnect.com/Want to get clear on your next 5 business moves? https://valuetainment.com/academy/Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQLDownload the podcasts on all your favorite platforms https://bit.ly/3sFAW4NText: PODCAST to 310.340.1132 to get added to the distribution list --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

I know this life man for me. Yeah, why would you plan on the life when we got that day? The value came in giving values, contagious world on your preneurs. We can't no value that hate it. I don't run home. You look what I become. I'm the. Okay, we are on a home team today. Sauce, Vinny, we got Tom in the house, BizDoc, as well as Rob, aka Malik in the house as well.

Okay, home team, a lot of topics we haven't had a chance to talk issues all week long. Your suit looks amazing, but the pants look sharper. Thank you. I'm actually not, they're not pants that were painted on. You're not wearing anything under the desk. I was like, the zipper's weird, like oh, that's not a zipper.

Very, very impressive. And here's saying, this will be the first time any of our experts have done a podcast. This is a good thing about camera angles is Vinnie's actually wearing briefs right now, okay? And today's podcast is sponsored by, I think, who was it? Yours is Haynes or who are you going to? I love Haynes, I can.

Haynes from Costco. Costco, Haynes from Costco. The big, the packing, I'm still wearing brand new ones. Right. Gentlemen, Calvin Klein. So, we got a lot to talk about. Here's what happened. By the way, this man, every time this guy gets on TV,

he scares the crap out of people. Jerome Powell gets out there and there's a video of himself and Senator Kennedy going back in Fortville talk about it. Wall Street Journal, FET explores faster rate increases. Boom! What happens? Dow, Nasdaq, down, 1.5%. You got the SMPs down, 1.5%.

You got everybody down, and a half percent pretty much yesterday after this announcement was made. I don't know if you heard what FTC is doing, they have demanded the Twitter turn over internal communication related to owner Musk as well as detailed information about layoffs, documents viewed by the Wall Street Journal. I wonder why the FTC is now investigating Elon Musk. There's a guy that said this year's gonna be called

the year of investigation. There's more investigations going on. US China having more problems. We'll talk about that. Tucker January 6th, I think what is trending right now on Twitter, if I'm not mistaken, what is trending on Twitter right now is Tucker Carlson is a liar.

We'll talk about whether the folks getting that hashtag to be trending is all right or wrong. Five takeaways, New York Times from Rhonda Santos's book. You got Vivek Ramaswani, who was just on the podcast six or seven weeks ago, rips Trump vows to banish FBI and ten fed agencies that would be interesting to talk about. AOC and Kevin O'Leary went at it. I think Kevin O'Leary, I mean, he had some, with you, a like would happen with FTX or not. His thoughts on what AOC has done, Colin heard the top job killer in America was powerful.

There's some things Jamie Diamond said. I don't know if you saw what Jamie Diamond said about a couple different states in America. They may want to pay attention. It's a fan of where they're investing. Couple states, it's very important to know. TikTok is limiting teens to 60 minutes of screen time a day, but, and there's a big, but. Oh yeah, there is.

Twitter revenue took a big kid. iPhones are making a plant in Indiana, 700 million dollars. We'll talk about that. Financial times at an article, who to fire? How to biggest companies plan mass layoffs? We we'll talk about that. Financial times at an article, who to fire? How do biggest companies plan mass layoffs? We'll definitely talk about Powell. We'll talk about the card that powers up

as more American struggle to make payments. Hannity gives interview to Ron DeSantis before Trump and half of America lost their minds. How could you do that? A bill is being pitched on four day work week, which is being reintroduced in the house as ID a gain speed. By the way, I did some digging on this one. You'd be interesting to see if you can guess what country,

without Google in this, what country works the least amount hours per week and what that numbers. We'll talk about that. Manchin had some things to say to Biden, you can't just tax your way out of debt. We got some rules on China investments. And ex-MBC doctor gets no jail time after asking a girl, nine-year-old, for noods.

Pretty well. We're here to hear these stories. Pretty well, we're here to hear these stories. Okay, so let's go into the first story, which is people wanna know what is going on. Just two days ago, Wall Street Journal said the fact that mortgage applications in the month of February were the lowest in 28 years. A lot of people were concerned.

30 year fix was at 6.65 if you credit as flawless. A lot of people are paying seven and a half points right now. How to call your city with a guy that runs a mortgage company out of LA with 100 loan officers. He says February was his worst month in his career and loans and selling real estate across the board for all of his guys And we talked about a little bit on what message I give him but Tom I'm gonna go over to page eight story

Fed share open store to faster rate moves and a higher peak, okay a higher peak So so so There's always no gun. Got it. I'm gonna say pal's comments word that the clears acknowledge me yet that the recent So, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, so, of five to five in a quarter for interest rates would need to be adjusted by more than that without specifying how much more Tom. How bad is this going to get? We said it was happening and it's here. Right now, just for everybody's reference, the federal rate is 475, 4.5,

it's in a quarter point span, the way they do it. The digital rate is 475, 4.5. It's in a quarter point span the way they do it. And what that means, that's what banks borrow the money from and then they turn that into car loans, mortgages and things like that. At the beginning of the year, people thought that the rate increases were gonna stop probably around May or June and then start getting some reductions.

Yep, so that car loans would be more affordable as we hit back to school. probably around Mayer June, and then start getting some reductions. Yep. So that car loans would be more affordable as we hit back to school. Mortgage is maybe more affordable, fourth quarter, third quarter. That's what people thought that this first half of, Taylor two cities, first half of 23, kind of tough, second half of 23, things getting better, a little bit of sunshine. Well, economic data came out and it looks bad. It looks like inflation is really hot and not being tamed. In the last podcast, we talked about Larry Summers said, hey, the feds really behind the curve here. They got to make a move. And guess what, Jerome

Powell yesterday said, we're going to be raising rates. He won't say how much, but everybody is basically, and the market has reacted. Everybody saw the market down that it's going to be a half a point in about a week on March 22nd. What they're worried about is it'll also be a half a point on May 3rd, and then a quarter point in June, a quarter point in July. So that is a point and a half that would take it not to the 5.5. Remember everybody's in 5.5 but all the way to 6 maybe 6 and a quarter. And so with those rates up mortgages just hit a wall we covered on the last podcast a 28 year low and the number of mortgages per week, 28 years. That's phenomenal. And so it basically translates to car loan percentages interest rates are not going down anytime soon, probably not until fourth quarter the way this is looking because I want to show you this. I want to show you this.

If you can play this clip with Jerome Powell yesterday, him and Senator Kennedy going back and forth and what's important about this is three minutes and 45 seconds. I ask Ilan if he can speed up the stuff on Twitter. I don't think they have it yet to do the playback speed. I think you just have to play it at the speed that they have. But everybody has to watch this exchange. Watch this. Typically, when you see these things, what do you think about?

The guy's not going to admit to anything. He's going to play bullshit. He's going to play dumb. He's going to play this. Watch what's Powell does. He doesn going to play bullshit. He's going to play dumb. He's going to play this watch What's power does he doesn't stonewall. He just tells you yep. That's what's gonna happen. Yep. That's what's gonna happen There is zero fluff answers here. He straight up gives it to you play to clip watch this anti-flops You're raising interest rates. You're raising interest rates to slow the economy. Are you not?

Yes to cool the economy? Are you not? Yes, to cool the economy off. And one of the ways you measure your success other than fluctuation and gross domestic product is the unemployment rate. Is it not? Yes, one of the measures. Okay, so in effect, I'm not being critical. When you're slowing the economy, you're trying to put people out of work. That's your job, is it not? Not really. We're trying to, we're trying to restore price stability. No, you're trying, you're trying to raise the unemployment rate. They're a lot, and that mean that mean I know you don't like to phrase. So let me strike it. You're trying to raise the unemployment rate, are you not?

No, we're not trying to raise it. We're trying to realign supply and demand, which could happen through a bunch of channels, like for example, you know, just job openings. Let me put it in another way, okay? The economist did a wonderful study. Then looked at 10 disinflationary periods in America going all the way back to the 1950s. Disinflation is what you're trying to do. It's a slowing in the rate of inflation. Am I right?

Yes. In the words, prices don't go down. They just don't go up as fast. Deflation is when prices actually go down. You're trying to achieve disinflation, are you not? Yes we are. Okay. Based on history and the ten times that we got inflation down, disinflation since the 1950s,

in order to reduce inflation by 2%, unemployment had to go up 3.6%. Now that's history, is it not? I have the numbers in front of me, but yes, the standard has been that there are five recessions and downturns when Fed is trying to use the numbers. Why child is down? The current inflation rate is 6.4%

and the current unemployment rate is 3.4%. Now if history is right, I'm not asking you to, to, again, blame anybody. But if history is right, unless you get some help, in order to get inflation down from 6.4% to, let's say, 4.4% and the unemployment rate is going to have to rise to 7% based on history.

That's what the record would say. Okay, and to get inflation down to 2.2%. Watch this. Based on history. Here we go. An immutable fact. Watch. An honor point would have to go to 10.6%.

What a knock. Uh-oh. I wouldn't, I wouldn't. That's what the record shows. That's what the history shows. What, yeah, yeah. I don't think that kind of a number is at all in play here. I mean, I know you're reluctant to admit it

and you don't want to get in the middle of a policy dispute. But I think it's undeniable. It's undeniable that the only way we're going to get this sticky inflation down is to attack it on the monetary side what you're doing and on the fiscal side which means Congress has got to reduce the rate of growth of spending and reduce the rate of growth of the debt of the nation. Yes you do.

I get that, you don't want to get in the middle of that fight. But the more we help on the fiscal side, the fewer people you're gonna have to put out of work. Isn't that a fact? Please answer. Good work out there. Could work out that way. Yes, sir, thank you. Wow.

Can he send a read of our own? Pause this, watch this. Zero hiding anything. Now here's a thing Kennedy is a what he's a Republican right from Louisiana Jerome Powell was assigned by who Trump Trump and he's still here by who by so he is he is both unbiased but he knows I think he's disliked by both sides okay let me tell you you're saying disliked by both sides yes this lie SLI KED he's disliked by both sides. Okay, let me tell you, he's saying disliked or disliked. Yes, I love it. He's disliked by both sides. And let me tell you, it's going to sound weird. He's exactly

what he needs to be. Okay. Here's my opinion. Yes, you have to not be spending more money and forcing Congress to not have a bigger budget. Yes, yes, we have to do. Yes, you have to kind of go through this. What, you have to kind of go through this. What do you want to do? Delay the time bomb even more and more and more for other people? But what else do you need to do with this? We're going to go through a season that's going to suck. I'm talking to the sky yesterday. First question asked, how much money you got saved? He says, we're good. Okay, good. Because, you know, one of our emozas, you got to always have your cash in place. So you don't have to make this decisions. I said, just so you know, how long do you think

it's just gonna last? I'm asking the scouts in a real estate business. Hey man, his wife are on. He says Pat, we're not counting 23 as a year where anything's gonna go our way. I said that's good because that's probably what's gonna end up happening to the real estate and a more good pool.

They're bracing for the storm, right? They are. And by the way, there are some great crusaders who are to the real estate and a more good for the store, right? They are. And by the way, there are some great crusaders who are in the real estate and a mortgage side that have commenced everybody, everything's gonna be fine. This season is coming. And when unemployment,

remember when you asked the question, what should I do? And all of a sudden, what number should he, and I said, we looked at unemployment by states. And remember, Nevada was at five percent. While looking at Nevada, and I was like, no, they went from 23% to down, to five percent. Okay. Nevada and it's like no they went from 23% to down to down to down to five percent.

Okay. If this thing goes away, it's going on employment. It's five six seven. He's saying 10 points something percent. Listen, when is the last time unemployment hit 10% outside of COVID? Outside of COVID. Don't count COVID. Outside of COVID.

And that's 10 percent. I think the nice man is in hospice care and playing Georgia. Was it Jimmy Carter before I was even born That one in his seven late seventies. I think a seventy nine eighty one is the last time if you just go to history of unemployment rate That's all you got to do history of certainly not my life. Oh history of unemployment rate ago 1982 10.1 The last time I hit double digits was 1982 10.1 and by the way, do you know the month that Joe Biden became president? I think that month or the following month, I did a video comparing him to Jimmy Carter. Yeah.

Those two guys have all the, we have a case study of this. It's called Jimmy Carter and we're there. Yeah. Yeah, I mean, obviously if it gets that extreme, that's what you're saying. If it gets to 10 percent. Okay, so if you don't do that then what is the alternative imagine if Powell doesn't do so let's say Powell doesn't do what he's doing right now

what happens the economy overheats inflation runs a muck you know pricing is out of control he's I think drone policy right yeah drone policy doing what he's got to do I agree he's got in bottle you know what I like about the way he took his position He came you know what he looked like he looked like Listen guys. I don't give a shit what you ask. Yes. We're raising the right. Thank you Left-right middle we're raising the rates. What do you like? Yeah, it's almost like that. Yeah, I think what is it's funny because

Senator John Candy from from the Louisiana, it seems like a character of a guy just don't know what they're really talking about. But he actually in essence, he's not. It just doesn't sound like it. Yeah. But so he's a, he's a credible dude. He's been around forever. He's a crazy senator.

If you get asked his accent, that's my point. That's my point. He's the fun character, sure. You can't get past the accent. But he was a former treasurer of Louisiana, Senator, Attorney, Lawyer. He just happens to sound like he's a, wow, Bill. But what, what, what, you, what, you'll send me to say,

hey, hey, hey, hey, hey, hey, what, what we also know is that, I don't know what just happened. No, it'd be, it's the equivalent of a guy trying to come up to Bizdoch on, who's been around the block a little bit, but not nowhere near Bizdoch's level. And Bizdoch's just like, okay, I'm hearing a pitch for the billionth time about raising capital. But how many conversations do you think, Drone Powell is an economist extraordinaire. This guy's a senator

who kind of knows a little bit. I appreciate the questions, but Jerome Powell is a beast and I think he's doing a great job. And I think he really even tempered for that past. Even the temperament. He's almost like that. And then good thoughts. And like, oh, you can't pay away. What's his birthday real quick, Jerome Powell?

I just, this is random. February 32nd. No, no, no, that's okay. Pat, if you nail that, I'm buying a little thing. February 4th, oh, I, that's also my birthday. So I'm a big fan of both. I said 32nd, 32nd. You nailed that. I'm buying a lot of it. February 4th. Oh, I That's also my birthday. So I'm a big fan of 30 seconds. 30 seconds. There you go. But if you could give a grade to Jerome Powell,

not a household name at this juncture in the economy right now, what grade you give him today? I give him a solid A, not name minus, not any plus, just a solid A. Yeah, I think he's got a hard job, bro. It's not. I think he's got a, you know what's the hardest job? Here's the hardest job. So think about it this way.

The hardest job is when you're about to make a decision and your mom and dad have never ever agreed on anything in their lives and their divorced. So whatever your dad agrees on, your mom disagrees. Whatever your mom thinks it's a good idea to add this. Such a great analogy. You go to your mom disagrees, whatever your mom thinks is a good idea dad This is such a great analogy. You go to your mom and he say hey mom. Here's what I'm thinking about I'm thinking about Lower and interest rates. What do you think? Parable idea the dad tell you to do that

Terrible idea your father know you came my It's the first time ever in 50 years your parents have disagreed on the same thing and you're confused and you still think you're making a right decision that's your own power. So he's in a rough place but listen between unemployment and everything you know the bottom line here and let's bring it home so everybody can understand this. The economy isn't a pickle you get unemployment and you get the interest rates. I mean the show what and you get the interest rates. I mean, the show is in a way.

And we have some graphs with the back. So it's 100% no, we're in a pickle. So basically you guys know all the questions I always ask. So I have to wait till 2024 to think about buying unless there's a shift in listings in South Florida, right? Pretty much. Was there, do you have any graphs to back up this pickle? No, but you went through the numbers.

So we're, were, you guys are like a chart that I could see to understand. Like I understand the cheerleader being the economy and drone powles headed upstairs again next week. Right, that's your, that's your thing, right? But do you have a chart? You have something to, actually, Viny, I think we might. Yeah, okay.

Rob, do you have the interest rate chart? Very interesting. Look at that. Weird biz dog. You have the interest rate chart. What's everybody, let's take a look at this. Yeah. This is called a pickle chart.

Yeah. So, I wonder why. So, on the left hand side, what's going on? When he kicks. So, on January 1st, the consensus estimates of economic people was the pickle on the left. So, thinking that it was going to get up to about 5.4, start to lose a little steam, and then,

and second half the year is going to be looking a little bit better. The revised estimates that we're hearing now because the economy is still overheated is the pickle on the right. And unfortunately, that is a much more formidable pickle than the American economy was expecting. Got it. Yep. And that's it.

And so the poor cheerleader is heading for a half a percent romp next week on March 22nd. Another half point fling probably. What is the national average of a pickle interest rate size? I don't know if that's where you're going with this. I think I'm still sitting here waiting to see what I'm getting. Go ahead, Danny. What are you going to say?

So, so, so, so, so, So a couple quarter point quickies in June and July And then the interest rates will start deflating or that's right and that's when that's when most he pal You know, well, see what he needs to see and he kind of runs out of steam in September We definitely don't want to come on out of steam Please say the cheerleader because I really want to buy a townhouse or a house audience We with on behalf of the crew we'd like to apologize for you having to see a couple pickles here just so you guys know this is nothing It's a pickle it's just a chart it's a chart by the way just had a hamburger today that I'll

for mate and there was pickles in it it was great you don't like it I loved it it was great I took the onions out because there's a few things onion cigarettes Certain things you shouldn't do in life or around you. It's just you just Smiley touch your hands anyways. Hey today sponsor aura listen If you haven't yet done this I've been in the insurance industry for 20 plus years Everything is about preparation anticipation in case something bad happens to. We don't buy insurance policies because we're dying tomorrow. We don't buy auto insurance because we're about to get into car accident. You buy it because God forbid if something happens, your family is taking care of.

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your or your family's personal information has been compromised start your 14 day trial at aura.com forward slash pbd once again aura a you are a dot com forward slash pbd aura. pbd tiny economy is tough man there's these fraudsters are out there trying to get after you ten times more than usual this is gonna be happening that's a good point yeah okay so uh... you know next thing if we want to get into this four day work week conversation that they're starting to have uh... a four day work week bill is being reintroduced in the house as idea gains speed.

Okay, let's see if this is a good idea or bad idea. By the way, the other day, Tom, I did a survey. Okay, I did a survey, which by the way, Kai and I are sitting there and we're debating what we believe the results of the survey are going to be. Before I get into this article, let me read you what the survey was. The survey was the four-day work week, okay? Four-day work week. Is it a good idea? Is it a bad idea? Or you don't care? 25,000 people voted for this. Did you see this or no, Tom? The poll? I have seen the poll. Okay, so 25,000 people voted for this on Twitter.

The four-day work week, what would you say? I think you just saw it so I don't actually see it which one you think people voted for the most from the least To the highest don't show it yet, right? I've just texted it to you. Let me ask the question again What are your thoughts on four-day work weeks? Don't care Bad idea good idea What got the most votes? What got the least votes Tom? got the least votes, Tom? I would assume if we're talking for 10, so I worked 10 hours, four days, there's my 40 hours,

I would assume good idea, probably gets the most, and people would want like a three day weekend. So you're saying most people voted for good idea. What do you say? I'm the same as if I think people just write up the rip knowing that they're gonna have Friday off as well. I say they're going to say that's the most one. So it's good idea, bad idea, and don't care. And don't care. Oh, everybody cares. I'm assuming. Okay. Yeah. I agree. People want this. People. So, okay. So watch this. If

you want to pull up the poll, this is what the poll results was. Good idea. 55% said it's a good idea. Yeah. Half 55%. so let me read this entire article. I got some thoughts on this and I'm want to hear yours. I came to it. There's 25% I'm on that don't care. So you're fucking life here, buddy. I don't know. Five days, seven days. Democratic. Democratic whatever. I don't give a shit. Democratic. Democratic representative to Mark Taccano from California plans to reintroduce a bill that was shortened the standard work week Tom, it's not what you said. It's not for ten hour work days It's going from 40 hours to 32 hours a week, okay?

We're still a bit to that. I'm not actually finished the proposal would improve the quality of life workers Meaning the demand for more trunk to it trunk truncated truncated work week that allows room to live pay Play and joy life more outside of work. The kind of bill has been endorsed by major labor unions like AFL, CIO, Union Food and Commercial Workers and Service Employees International Union as well as the Congress of Caucus is made up of 100 members of Congress. The proposal has a historical precedent with labor unions successfully, pressuring lawmakers

to shorten the work to eight hours, a four days a week instead of five. Go ahead, Tom. I'll go to you. Can you read the last sentence of that paragraph in the middle there? That's an important path. Hours worked past that period unless otherwise specified.

Would be subject to higher compensation. There we go. Okay, so tell us about it, Tom. This Taccano, the Democrat from California, he is trying to move the overtime line. And he's doing it on a populist thing about a four-day work week. Well, look, let me talk about two things.

In California, four-tens, it's called, this very common in the entertainment industry. Editors do it in Southern California. Those motion picture companies still having editors Southern California. Universals picture companies still having editors Southern California. Universals got them all in Orlando, Florida. And so a 410 means you work 10 hours, four days, shooting schedules for entertainment,

also very common 410, so that's your 40 hours. What this guy is doing is saying the standard work week would be 32 hours, and hours work pass that period subject to higher compensation, code word, over time. He, this is giving basically a rate, he's trying to give a raise to workers by changing, moving the line on the 40 hour work week. So there's a lot can be said about a four day work week

specifically by commute a long way. Hey, if I'm commuting a long way away, maybe I want to work four tens. That's also bad. That would be eight to seven with a one hour lunch in there. You know, maybe you want to do that. If I'm an editor and I just sit there cranking away or doing something like that. And then I take an extra day on my weekend, but I've worked my 40 hours. This guy's trying to move a burden onto employer's path and move the other timeline. Adam, what do you think about it?

I actually have very strong feelings about this. I think it's almost laughable. The work-life balance, I gotta have a work-life balance, but this is very important for workers. Here's my suggestion. I love like when doctors, nurses, firefighters, where they like work their fucking ass off. And then they get to take like three days off, four days off.

And I think we all know that the average worker just kind of comes, he works, they do their thing, they do their thing, whatever, I don't know. Kind of have a gig. It's been a while since Pat has even thought about that. So he always laughs what the average man does these days. He was once that guy. But like for me, I'm working 24- seven, I'm never like, not like,

don't call me, I'm not working. Here's my suggestion though. If you're going to work four days a week, I wouldn't go from 40 hours to 32 hours. I would go from 40 hours to 45 hours. I would that were truncated that we were discussing. I would mash in four days of fucking crushing it for your company. Give someone the option to do that. I think because the company is going to be open on Friday, some companies are open seven

days a week. Give the employee the option of what they want to do. Hey, you can do your standard five day, 40 hour a week. If you want to work four days, you're actually going to work more hours, not less. And let them pick. I think if the sentiment of this poll is any indicator of what's going on, people actually kind of agree with this. Let's not live it. Let's see. I mean, I have some thoughts, but I want to hear you guys first. Go ahead. Well, I'm just saying, for somebody like me, Pat, working at Value Tame, I have no family here. You guys are my friends. I'm coming in on the do Friday, four days. The hell out of here. People are going to go nuts in thoseamming. I have no family here. You guys are my friends. I'm coming in Monday through Friday Four days get the hell out of here people are gonna go nuts in those four days

I like it Monday through Friday keep it old school Then you have no then then those people are gonna start complaining about those four days and like can you believe they made us Adams Adam made us do 45 hours. Yeah, that tyrant work and then that shit that problem when you're at work I work to have an idea. Can I offer one more thing here? I got so many thoughts You guys go I I'm gonna. This isn't last word, just a something to add on. There we go. How many time zones in the United States?

Three outside of Hawaii. So the court, right? So if you need people and you wanna say, hey, we wanna cover nine to five in all time zones so that if you need something from us, you can call our home office, you can get customer service. Four time zones. Eastern, central, mountain, Pacific, then Hawaii, five, right?

No, no, it's the continental US. It's just three, three. You have to cover three hours because it's three hours between here and LA. Keep going. Make it going. And so what you do is you, is you ask people, says, would you like to work this so that you can cover these hours so we can cover our customers? And we provided a vision to them. Hey, we're just trying to cover our customers. So it'd be 9 to 5 in any time zone.

They can get a hold of us. We can answer questions and help them. Okay. So there's reasons to do it. Not this guy. Can I get my thoughts? Here's my thoughts. Let me share some of my thoughts here.

So number one, okay. For this whole concept, we have to, first thing we have to do is we have to define success. What is success? Okay, let's define success. Is success, people having more time on their hands to chill out and do nothing? Is that what success is? Or is success building companies that creates jobs that the government doesn't have to come and build people out?

The moment we define success, every single decision is predicated based on the definition of success. The moment we do that, okay, so if we go with the first one and we say success is given people more time on their hands. No problem. Let's investigate that. When you and I were kids, okay, I have four kids. You and I were kids. When we were kids. What's the secret sauce? We've always heard Parents did to prevent kids from doing stupid shit. What did it? What do parents do? How do you keep your kids away from making dumb decisions? Give them activities after school such as what such as reading a book you monitor their homework Police for the sport playing they're playing basketball in the driveway with their friends You know what they're doing, but they're active.

So let me ask you this, what happened when you and I as kids had too much time on our hands? Honestly, what do we do? I lit fires with match-to-playing glasses and I burned my hands. What do we do if we have, and I'm being very serious with you, what do we do when we have too much time on our hands? I said fires, I'm a brother and I and I. I was playing more sports, but for certain kids, they will get into more trouble.

No, no, not for certain kids They will get in trouble if you have more time on your hands You have in more time on your hands. You're going to get in trouble. You are gonna do Where you know drugs alcohol gangs, you know porn more video stupidity the moment you have more time on your hands Fine, okay, so watch this a lady who's a liberal from UCLA university Goes and does a study to see how much free time produces good things with people. And you know what number she figured out? I'll read it to you here because we had to do the research on this based on a project that we're working on. Here's

what she came up with. This is a lady named, uh, uh, uh, Maugilner Holmes. They did a research and a survey on 21,000 different people, and this the number they found out, okay? They wanted to find out at what point is your mental health taking a shot. The study was specifically done when COVID happened, everybody's being home, look, we got to figure this part out.

How much free time is good? How much free time is bad? Here's what she realized. People need two hours of free time. Why? To be able to go out there and do their, your chores, pay the bills, go get the haircut, go do the shopping, all this other stuff.

If it's less than two hours of free time a day, they have stress and anxiety. It's not good for them. So you got an hour and a half lunch and you got an hour and a half, that's two and a half hours. She said, the moment it went to five hours of free time, stress and anxiety went up. Why?

Because you started realizing, am I not valued? Am I not important? Can you not use me to do productive things? People want to be valued. If they're not being used to be valued, they see themselves as I'm worthless. I don't feel that good. I become bitter.

I have an attitude. Now, let's continue a little bit more with this topic here on 40 Work Week. OK, so if we define success of producing companies that did very well, the country in the world that they work the least amount of hours a week. You know what country it is? Italy, it's Netherlands.

You know how many hours a week? It's number one on the list. 29 hours a week is what they work. 29 hours a week. So we went through the bottom 10. Smoking a lot of weed there in Amsterdam. No question about it. So again, if we define success as production

that the world benefits from your innovation, if that is the definition of success, you are not gonna do that at a 29 hour ade. What do you call it? At a, yeah. Right, I work week. I agree. Right there, they're doing 27 and a half hours in the study.

Assa was 29, it's gone down to 27 and a half hours. Another lens number one on the list. What else is not a word that you have? The hours they work. Germany's next. They're dropped as well. They drop recently. This is a recent number.

Keep going. It's a gem. Keep going. Keep going. Oh, Kai. Keep going. Keep going. Keep going.

All right, get back to the mark. Yeah, keep going. Keep going. These Democrats. Socialists. Keep going. These Democrats, socialists. Keep going. There they go. You're a slow young. Keep going.

Have to make it. Keep going. Have to look. We're like keep going. Just make it one, one, two, three, and we keep going. One watching you. Austria, keep going. All Europe.

But what's going on here? Here's a problem. Watch this here. Here's a question. We looked at what companies they have invented that has come out of their countries that we've benefited from we From the reason why Europe can work as little as they do is because we end to innovate They take advantage of we fun NATO they sit around and don't do shit Europe is a socialist nation, not a nation,

what do you wanna call it? Nations in Europe is basically union. They are, they are socialist because we allow them to become socialist, okay? Let me go to the next one here. Some industries, for-day work-week works, not all industries that does, there's another one. It depends on the phase of a company.

If a company has been around for 100 years, it's a hundred billion dollar company, they don't give a shit if you work for it, they work week. They're already working for it, they work week. There's so many executives in there, I remember one insurance company, there was a guy that was making a fat salary with this big ass insurance company, all of us know about.

You could never get a hold of them, you could never do anything with them, never called you back, never did anything, work from home is making a half a million year, not doing shit. One day we had a meeting, I think you were part of that meeting, do you remember what happened in that meeting? Very heated meeting. You know what I'm talking about?

Yes, I do. Where I said, why the hell are you giving me a rep like this that doesn't do shit? That's a, let me tell you, doesn't call me back, doesn't do this, the guy got fired, okay? He had to leave and he come and says, what I have to do, nobody can ever get a hold of you. Nothing, you're not supporting us. There are a lot of major companies you can do the 40 work week

Maybe even midsize you there's no way in the world you can do for the work week in a startup No way good luck to you. How the hell you gonna do for the work in a startup? You're not gonna do it. So here's the point. I love it if They convinced people to voluntarily go to for the work week, you know why? Because the people that are gonna voluntarily do six day work weeks, game over, totally fine. All the four day people go to the four day companies, all the five, six day people that wanna go take

over the world to make a statement and do something impactful come to us. We're okay with that. The level of consequences on a four day work week is so massive that all people are thinking about is, what is the next thing I can pitch for people to vote for me so I can get reelected and get another eight years of salary on whatever else I need to be doing?

It's a part of all shit, but it's very marked. And back, COVID COVID was one of the main reasons for all this, all this talk. Because people are like, bro, I'm doing everything from home. If I do come in now, I wanna be here less than I would have been before. So let me stay home for one more day. Am I right?

And I know what state was that media company in that I was running when I had to do all this? California. Oh, Cali? Oh, and what is that group in Sacramento, EDD? Yeah. They were just a pain. But you can do can do them.

Yeah, so you get regulated into this. These things that I did, I did do a comedy to get the job done to get customer service. But you know what, my fantasy football team for my employees pat, you're absolutely right. It's the people that were there six days. That was my fantasy team. Yeah, guess what, though, man, listen,

the only thing that concerns me, if it is mandatory, if it's going to be volunteer, do it. I say, I'll vote for it. I'll vote for it if you want to do it, volunteer. If it's volunteer, if it's mandatory, it's problematic. By the way, let me add another thing to an all-around, but we'll come to you. Early retirement, good thing or bad thing. Well, 55 years old or 62 years old or 60, is it a good thing or bad thing?

No, I do not like that. Let me read this to you. Ernie retirement, early retirement, before the age of six, I'm reading it to you from my computer. Early retirement before the age of 62 has been associated with higher mortality risk in some instances, a study of Shell Oil Company.

Watch this. A study of Shell Oil Company found those who retire at 55. Listen to this Tom. Tom listen to this Tom. A study of Shell employees found that those who retired 55 lived to be 65, died 37% sooner than those who retired 65. No, I don't do anything. There's a stagnant. Those who retired 55, 10 years before 65, they died 37% sooner. And in general, people who retired 55 are 89% more likely to die within 10 years. That's those that retired 55 are 89% more likely to die within 10 years than those who retired 65.

So 40 work week is a form of retirement, as well. Wow. That's exactly what it's. Wow. That's exactly what I said. The reason I held up those nine figures right there, part where you were talking, is because I've heard after age 58, and this is what this is saying, retire whenever you want, you've got nine years.

Wow. That's crazy. That's what it's saying. Retire when you want. After age 58 or later, you have nine years. I bet, why would you, so how would you correlate that to what so are you saying because they're just sitting around they're not they're not active they're not doing anything.

Oh you and I just I want to feel important. Mm-hmm. We are put here to feel important. You ever see these protesters that got there and scream and yeah, you're like what the that is a form of a passion, a feeling important. Okay, we teach our kids how to feel important. If the way they get our attention every time they get in trouble, they're always gonna get in trouble

because that's how they get your love. It's the way we teach importance. When you're sitting around, you got nothing, you're doing anything for you, not making an impact, you feel useless. What the hell am I living for? Maybe I'm no longer needed. You're right. I'm no longer. What am I? Rechecking out. Yeah, I'm checking out. Yeah. Yeah. Yeah. So if I could add to that

Absolutely right the number one thing that I think everyone is looking for everyone that's listening to this right now is having meaning and purpose to their life. No doubt That's like above work above starting a business. Everyone's searching for that My whole thing was I went from being sort of, when I was young, not really trying to work, jack of all trades, night clubs, having fun, here and there, wasn't concerned about money, the exact opposite of building a business. And then I went all in to the finance world

and I'm working ridiculous amount, working, like burning the midnight owl, making cold calls just for like 10 years, grinding. And then I looked back and I'm like, holy shit! I've got money in the bank, I've got hundreds of thousands, I'm a millionaire, this is crazy. And what did I do at that point? I took the pedal off the metal and I went back,

I started doing a four day work week, I said, Fridays, you could go fuck yourself. Like, don't call me, I'm not answering the phone. I was living in South Beach, vacation time. Money in the bank, I'm not worried, I'm chill, link. But they only last for so long. So at some point I said, all right, I'm going to Mekano, some going to San Trope, I'm going to St. Barrett,

some dating a girl, she lives in Europe, and London, I'm having a San Trope, I'm going to St. Barrett, some date and a girl, she lives in Europe and London, I'm having a great time, travel, travel, travel. Girl and I don't work out, what happens? I'm like, I wanna do something. I'm sick of the travel, I've done it. I ask everybody, how often do you wanna travel for? It's like, I wanna travel the world,

it's like, all right, after you do that, what are you gonna do? Rest of your life, it's not the world. So then what I realize is now, is that having meaning and purpose in your life, I started a little Instagram show that Pat and I were like, this is years ago, he's like, do start, start doing stuff. I was like, oh, I like this.

And now I'm doing two jobs, working my ass off. So that Friday that I replaced, now became every Friday Saturday Sunday, I'm working on a side hustle. Because I wanted to have meaning and purpose in my life. I always say that my job is what I do. It's not who I am. There's a big difference. Big disconnect.

This is a little bit more who I am. So money gives you options, right? So what happens is as I'm doing my job and I'm sort of interviewing all these wealthy people, Nalba, Hackerling, financial conferences, I started asking the really, really rich people, the millionaires and the billionaires and I said, all right, like after you get the millions of billions, like what do you do? Do you just retire? They're like, for retire.

Like I'm gonna do this forever. Like because to Pat's credit, you want to have meaning in purpose in life. It's not just about the money. And what I found out was that these really wealthy people didn't just retire and do nothing. What did they do? There's three major things. They travel, they pursue a passion, these really wealthy people didn't just retire and do nothing. What did they do?

There's three major things. They travel, they pursue a passion, starting a podcast, whatever, right? Or they give away their money and they donate their money. Why? Because they want to leave a legacy. So there's different phases. I just kind of walked you through three phases.

At one phase of just like party guy, not worried about shit. You know, I don't care about money to like, shit money is pretty important. Yeah, let me do that I made money. Let me take my pedal off the metal and then you kind of get a reengaged with the next phase You've a career. You're big on chapters in your life, Pat right zero to 20 Don't fuck it up. You mean you can you can kind of say what those things are in there. Yeah, by the way Adam You're making a very good point because you've experienced it Yeah, we didn way, Adam, you're making a very good point because you've experienced it. Yeah. You didn't have to do it.

It's personal. And when you live, live like that, by the way, years go by so quickly. You're doing shit. I was on four years one pie. Yeah. Now, four years, one by waste of a life when you do that for too long of a time. But by the way, just to wrap this thing up, I'll just give you more logic side to this. What happens if a person's working five days

they go to four days? That's one on five is what? 20%. If a company loses 20% of labor, they have to hire 20% of labor for the same amount. So if they go have to make up the other 20% of hours that they're going to need the labor, what happens then? Then I have to make up the other 20% of hours that they're gonna need the labor, what happens then? Then I have to raise my prices by 20%.

A $5 burger becomes six bucks, okay? A $50,000 car has to become 60 grand, okay? I just have to do it because I gotta make up that additional 20% that I gotta go higher labor. For people that sell this, from the manipulative way that union sell this, thinking they're doing the right thing, they have no, they don't care about the person that's sitting there, what is gonna happen on the other end.

You think they care of prices gonna go up on 20%, they're just happy to getting reelected, doesn't affect them that much. And by the way, I'm gonna send you this thing, take a look at this, your states that population change in 2022, show this chart if you can rob on what happened. I'm sending it to your MacBook Pro, I don't know if you're seeing it or I'll send it to your phone and the computer. If you're seeing it, pull it up, check this out.

While they're looking at up, remember, unions get dues based on a little percent based on what you earn. They'd love you to make more over time and they'd love to have more people making less. They make more over time and they'd love to have more people making less. They make more that way. 100% so guess what? If you can show this chart guys, watch this here. Not the pickle chart. Please run. We've had enough pickles for today. Watch this here. Look at this. Make it big so we can see it. You know what that is? That's the States that lost people and states that gained people. California keep doing stupid things.

Keep doing it. People that are leaving you are the people we want in Florida. Wow, that's a great chart. The people that are leaving you, they're coming to states like ours. Keep doing four day work week bullshit, union stuff, driving the entrepreneur out. Just like you keep losing people like Musk, Rogan, stick, you know, big job creators keep leaving you first time net, you know, of your population going lower since 1851, you keep doing stuff like that.

Look at the North, by the way, look on the other side, look at Pennsylvania, look at New York, look at what they're going through, look at Illinois, look at all those guys, no problem, Oregon, keep doing it. Texas winning, Florida winning, Arizona winning, Utah winning, South Carolina winning, North Carolina winning. It's totally fine. Yeah. Yeah. This is I would break this down to losing people. Yeah, I was going to say this break this down into into 80 20 rule, like 80% of the map where people are getting the hell out of it are the over regulated, highly liberal blue states, typically, right?

They're getting the hell out of California, they're getting the hell out of Oregon, they're getting the hell out of New York, LA, Illinois, all that. But, absolutely right, they're moving the floor to Texas, no doubt. But the flip side is the 20% what the hell is going on in Louisiana, Mississippi, West Virginia? I mean, nobody wants any part of that. You're nobody's moving to these states. Just little food for thought. Nobody wants to be part of a shitty state.

And so what kind of rules are going on in those states that is driving out their people? That's all I'm wondering. We know what's driving out people from liberal states to more conservative states. We know that. You know, I'll tell you, Adam, I'll tell you this. Give me the shittiest state.

Okay. Let me run it for 20 years. I believe you'll know. No, no, no, no, no. Hear me out. Whatever you call as a shitty state, anyone of these states, let us run it for 20 years. It will be the greatest state in America will attract the best talent to come to our small little state that we have. I don't care how big of a state that is. Listen, bad policies

have consequences. Bad ideas have consequences. Leadership could ideas attract people who go there because one thing happens to creators. Doors and creators are interested in one thing. They want to feel safe. They want to go to a state that they feel safe. Trust me, they can sit there and say, well, I have to deal with mosquitoes, I have to deal with lizards, I have to deal with rabbits, I have to deal with this, I have to deal with her,

I can have to deal with tornado, I have to deal with, I don't give you any crisis you got in any state. Free thinkers and doers want to go to a place that they're gonna feel safe that their ideas are not gonna be ripped apart and they're gonna be treated like shit like California's treating them. No doubt. Period. Scram, by the way, when people say, well, why is California the top economy in the world,

top economy in America, it's the number four, number five economy in the world if it was a country because of policies that came out 50 years ago, not right now. The policy that came out 30 years ago, not right now, they're so into deep now that those companies cannot leave anymore. You think if you think if a base was had to do it all over again, you think you would have gone to Seattle, what do you think? Now, but it's too late. You kind of are stuck. Now you're in Seattle, cross the street for Microsoft. Yeah. Some of these things happen. New York and Wall Street. And it's the clear way of building headquarter two in Virginia. Yeah, yeah, master after a.o.c.

Yeah, so Pat, so Pat, just looking at this real quick, if we had to as a team with you as the leader, take over one of these states, just for the money. No, take it over. I mean, besides us, where would you, where would you go on there? Anywhere, I don't care where you don't give a damn.

I'm just telling you, I don't believe it. I don't care where you put it. We'll get the best people to come. I believe it. I don't care where you put it. New'll get the best people to come. I believe it. I don't care where you put it. New Mexico or you are you about to make an announcement? Is it announcement? I just want New Mexico. No, no, no, no, no, no, no, no, don't don't create rumors. I'm just saying like all I'm saying to certain policies are going to track those people. I'd be going, I would be in California for months straight in a freaking RV driving up and down, up and down, up and down, up and down.

Hey, this is Patrick, bad David from the state of XYZ. We're here to talk to those of you that are actually working. That are feeling like you're paying too much taxes. We got a solution for you. Come to our state. Come on now, let me explain to you what we're doing. Well, no, no, no, no, no, no, no, and there's a, are you sick and tired of the union? That's what we'd be doing.

We would literally be sitting there recruiting people. Don't worry, get on the bus. We'll drive down to our state. Get on. Together here. That's what we'd be doing. And we'd have a freaking time of our lives. But we're building a media company.

It's a whole different story. So come on down to value payment. We're not accepting applications right now. We're a free thinker. Let's go to the next one. Hey, don't joke about that because the value team in on a serious note, if you want to work in media and you want to work in South Florida,

you should go check us out because we've got opportunities for people at one of us all. Thank you. End of plug. And by the way, it's not even end of plug. We interviewed our ninth editor in chief. The people that are calling us are from some of the biggest media companies in America.

Pretty impressive people that are coming in with the resumes that are, some of the names you know, we're hiring, we just hired a CFO, we're hiring a general manager to run the entire, what do you call it, our consultant for him is blowing up, yeah, we need technology folks, we need CTOs, we need COOs, by the way, qualified. We're not talking about, let me just send a resume

because I want to be part of the team. We need folks who are maybe retired, but you had a couple X's for 50 million, 100 million that you have a lot of value to bring to others. We want experts because we can sell your time as a consultant. There's a lot of different things we're looking for. Right now, if you do have a resume,

email it Robert at value team. And once again, Robert at bytamin.com. Robert at bytamin.com. Okay. All right, next. Can you play that clip? Jamie Diamond was asked this question. I'm gonna read this article,

and I don't wanna play this clip. Oh, it's probably the same. It's fine. So I'm just playing, Harriet. Who's this, Pat? Rob, was that you? We need folks. I hear Pat.

I hear. I think it's every time you open it up, it comes up. So I don't know what it's a replay. I hear Pat. I'm out of the room. Okay. Okay, so let's take a look at this. So JP Morgan is growing in Florida and Texas.

States like that, States that like business diamond says, watch, just play this clip. Let him say what he's saying about these different states. I think you have the clip somewhere. Yeah, that's the one right there. If we can play that. You got it, Rob? I'm walking out.

Isn't it? Just refresh it. Click on it to refresh. If there we go. There we go. Tell me we don't have to watch. There you go. Audio. Audio, Rob. I think the states that like business, Dimes,

just play this clip, let him say what he's saying about these different states. I think Rob one of your windows is open. Yeah, that one closes Anything that's YouTube close it. Okay, let me start it from the beginning hang on let me start it We love hearing your voice pad on so soothing JP Morgan is growing in Florida in Texas states like states that like business diamond says He says to follow on about recession and Some people that were not part of these two states were not happy play this clip Great to be here by the way, so thank you I think they're worried the most about it. It's Ukraine. It's oil gas

So the leadership of the world and you know our relationship with China. I mean that is Much more serious like the economic vibrations. You all have to be on a day-to-day basis. I feel like it's so loud. I don't know what just happened with that clip. If you can... It's live and I'm like, Jamie Damien yelling at that door. No, they're just picking up all the audio room. There is a 30-second clip of him saying that. You have the longer one. There's a short of him saying that. That he's talking about. While you're looking for that,

I'll just read the article here. He explains the JP Morgan Chase's expanding in Florida, opening branches, we can hear you typing, opening branches in a state that's seen and increased in flux of Wall Street firms since the pandemic. We love Florida, we're growing in Florida, left and right. Jamie Diamond says, in an interview in Miami, it's part of a broader move

that's seen firms like King Griffin, Citadel, moved headquarters from Chicago to Miami last year, as well as art investment management, Kathy Wood relocate to St. Petersburg, Florida, Florida and Texas are states that like business. They want you to come. Stay, they want you to come stay they want you to come we now have more employees in Texas Then a New York state is shouldn't have been that way, but Texas loves you being there, okay? Texas loves you being there how long is that this is 57 seconds? It's pretty much what he's saying It's the same thing. I just replay the clips of some audience can see this No, it's playing the other one. It's just it's I don't know what's going on your computers out of whack right now

Yeah, it's not playing well. Don't worry What are your thoughts about what Jamie's talking about Florida and Texas? Jamie is saying out loud what everybody's been watching for the last 10 years That people are moving here and now Jamie what Jamie is saying out loud what everybody's been watching for the last 10 years that people are moving here. And now Jamie is saying, here's what he's doing. He's speaking in code. He's also speaking to the governor of New York. You want me, you want me to stay here, you need to start playing live.

So there's a little, you know what I mean, Pat, when you say something to somebody and you leave somebody out, the person that's left out gets the message. But he's also stating the obvious saying, hey, these states want us to be here, the climate's good, things are good for business, and it shouldn't have to be that way, but Texas loves you being there, with the emphasis on the love that you being there. They feel welcome. And he says, and we're growing in Florida. Yeah, so it's where he's getting growth. So it's, I think you say, I guess, I mean, I'm well and I'll show up. That's it.

So treat me well and I'll show up. I'll say one thing about Florida being born and raised in Miami. I remember in the 80s and 90s where I was like the weird cousin that lived in Miami. Now it's not so weird. Now I'm like, it's cool to live in Florida, but it's kind of like bittersweet that our little secret,

that our cat has out the bag here in Florida. A guy like Pat should have never lived in Florida. He should have been in California. He's that's where his family's from, but at some point you're gonna push someone out who says like if I just do this and this and this, we've done this all the time, at some point a guy like Pat is gonna leave freaking California.

A guy like Ken Griffin is gonna leave New York so that he was the number one hedge fund manager in the world by the way, made $44 billion. What's the number that he made? Some of the ridiculous numbers. Four and a half million dollars. Four and a half were disformed by himself. Some ridiculous numbers.

I think he left Chicago by the way, a little bit more than we were. Okay, sorry, but again, but all these guys are basically moving to Florida. But what you, but again, but all these guys, you know, are basically moving to Florida, but what you, what the leadership in Florida that we've seen, whether it's DeSantis, whether it's Mayors, where is down in Miami, hedge funds are coming, big techs coming,

the crypto world is moved here. It's, it's a very good climate to be in, literally and figuratively, for business and for lifestyle. And I think the cat's out the bag of what's going on in South Florida and Florida overall. Well, I think there's a, keep bringing up cats. I think there's a complete different message

we're missing on what Jamie Diamond is saying. What? Jamie Diamond is in Miami. If Jamie's in Miami talking, doing what he's doing, he's also selling the guy who runs this state called Florida. What's his name? His name is Ron the Santis. I know that guy. Right? That he just came out with a book, Ron the Santis. And I don't know if you read his book in his book. It's interesting. New York Times just did a article about his book. Of course, New York

Times has to trash his book. It's what they do for a living. But here of course New York time has to trash his book it's what they do for living but here's what New York times at five takeaways from this book the santa's avoids clashing with Donald Trump the santa's praises Trump for bringing a unique star power to the 2016 campaign he criticizes the russian investigation and mostly blames dr antony fowlsie another health experts for federal government's initial response to the coronavirus pandemic uh... yeah because krasia was fake and fow and them were wrong, okay, for the way they handled it, and Florida showed that they did it the right way, not some other states. Now again, that is my opinion. A lot of numbers can show that, but that's the first part.

Second, the sentence under place, Trump's influence. It's widely accepted that Trump's support was critical to sentences victory in 2018. Race for governor, but the sentence presents a different take different take his debate performance was the clincher. He writes I disagree I read the book the Sanctus specifically said that President Trump one time before the Sanctus even announced he's running He asked him for a favor to say something Trump tweeted about the Sanctus saying if he ever ran He would be great. Prior to him announcing, then the Santis announced that he's running for governor.

And then when it's getting closed, when the debate happened between him and Andrew Gillum, yeah, not Gillum. The one the Republican, not Charlie Chris. No, no, the first one. The Santis, the first one he went with, not the Santis 2018. Andrew Gillum is a Gillum. Okay. So he's going against Gillum. Is it guilty? Yeah. Okay.

So he's going against Gilman. They're having the debate. And then it comes to the point where he needs an endorsement, then Trump tweeted again. So he gave credit to Trump supporting him twice in the book. So whatever New York Times is saying, if a person, if the average person doesn't read the book, they're gonna say, oh, did you see what he did? In the book, he clearly states, if it wasn't for those tweets, that would have not been the same.

So he gave credit. I just want to make sure people know that. Number three, the Santa sees the COVID pivot point. When 2020 got underway, I was merely a state governor entering his second year in office, the Santa's rights. Within six months, I would emerge as one of the leading anti-lockdown elected officials

in the world. Yeah, that's a pretty big decision. Pretty angry. Number four, the Santa's a pretty big decision. Pretty angry. Number four, DeSantis boasts of his use of executive power. Both critics and courts have rebuked the governor for executive overreach, but DeSantis's unbout he writes, proudly about promising to overrule any major that did not want to host ultimate fighting

championship events during the pandemic. The book Tows is removal of the elected prosecutor in Tampa, a Democrat, and he calls state budget vetoes a source of leverage against geopolitical makers who do not want to face primaries. He explains all of that in the book. This is the way they're, you were going to say something. I was going to say, don't forget about point number one. It's not just the UFC. Where did the NBA bubble go to?

Where did the Super Bowl go to? Where did right. Where did the Super Bowl go to? Everybody came to the game. Where did AOC go for vacation for Christmas? She was in a hurry. She was in a hurry. She was in a hurry. That's right. Number five, the Santas does not dish.

Anyone looking for insight into the famously closed-off governor will be disappointed. The Santas offers a few behind the scenes, details, and skips over some parts of his biography entirely, including the 2016 run for US Senate. He does write about Mary and his wife Casey at Disney World, but without Mickey Mouse or Donald Duck in our wedding photos. You know, I will tell you this from reading it. You know how the book was written? I've worked with people like the Santas and my career. And people like the Santas and my career that I've met. They're very... They're very...

On the boat, structured. Like, let me tell you, this is the kind of guy that from 25 years ago he was careful on every text and email that he wrote because he knew his destiny was coming. Got you. Okay, this is the guy that's very methodical who gets in, who's close.

I can probably tell you, he probably doesn't have 40 friends. This is the kind of guy that probably has two to five friends max is what the Santa Scott, and that's intentional. This is not a guy that trusts a lot of different people. This is not a guy that lets a lot of people into his life. So if a person says things like that, would I say, yeah, they're right? Yeah, if you read the book,

there's some parts of it where he's aloof. He's not giving you a lot, but that's because that's his personality. So I mean, that's think about having that vision, that focus, that dedication path for all those years to know that all those years later, it's going to come to a point where you're not going to have that grow them by the, you know, what moment or the this or the text or the, you're just a clean cut. You hope you hope. Oh, don't get me wrong. If he is the front guy, the left is 100% gonna find some shit because I have people looking at that right now

for Trump number two. You know, you know, you know, he's running and for the census. But it's gonna be way more difficult to find it on this guy, bro. Way more difficult. I found that review by the Times a little more balanced and I would have expected from the Times. But there is one thing that they need to go look

in the mirror, catch a lower reflection. Oh, he abuses executive power. It's the New York Times that's been asking Biden to use the executive order pen against conservatives for the past two years. And they were pushing Obama last day in office to do you know certain executive orders. So let's let's calm down on that part of it because

that's the way this game is played. Exactly. Yeah, obviously he's he's kind of what he did with what's going on these five points right here. He's basically saying thanks Trump but no thanks. Exactly. Hey like appreciate it. What he does here with point number two. Like he's saying, yeah, thanks. You got me in 2018. Look at all. But thanks. I'm kind of this way now, but no disrespect.

He's kind of not talking trash out there. Even though Trump, you talk about what's going to, he leaked that picture of Ron de Sanctimonious with underage to girls. Like Trump's got to have some more stuff up his playbook. I think at the end of the day, if you're asking just any old average American, what they think that the Santa sort of represents freedom, and Trump is more the chaos candidate. And that's not who's going to be in the primary. I mean, but for general election, you know what I saw today? I think it was on

vanity fair. I saw it on economists or one of them where it said, Trump can still be president, even if he's convicted or he's charged or he's this, that's kind of what they were saying. Really? Yeah. So so there is listen, there is a lot of fears. Is this the one? Yeah, here it is. This is from who? Can you tell me who this is from?

ABC Trump could still be elected president if indicted or There is a lot of fears. Is this the one? Yeah, here it is. This is from who? Can you tell me who this is from? ABC. ABC. Trump could still be elected president if indicted or convicted expert's sake. Okay. So let me ask you, why would ABC write this article? Why would you? Why would you? Heat on. On who?

On Trump. They want to keep the heat on Trump. They want to keep people revved up attacking Trump. They don't want people. They do not want people to back off. That's the last thing they want. Oh, he's been in Daity, he can't go. So you back off and what that does

that clears the runway for DeSantis, not to have to build momentum and not have to deal with the Trump conflict. Yeah, I think to me, am I making ABC some of this more? No, I think to me. Am I making ABCs out this more? No, I get it. I think it shows signs of weakness and fear that Trump could win. I think this shows signs of fear that Trump could win.