PBD Podcast - Keith Sweat in the Parking Lot | PBD Podcast | EP 45

Episode Date: March 12, 2021

In this episode, Patrick was joined by Adam Sosnick and Tom Ellsworth to discuss Disney Plus, Musk tweets, Student Loan Debt, and much more. Here's the link to watch the full episode: https://youtu.be/s86iliiBbXE --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

We're live. Okay, pop that up. We're officially live. Here we go. And I think it's important before we get started with the 45th episode with Tom Ells. We're being in town here with us and we got. He's here. He's here. I'm here with us. The biz doc. I think we have to tell everybody what we saw this morning when we and when we pulled in. It's crazy. So we pull in no joke. Okay. We pull in this morning. Parking lot. Parking lot. Exactly. And we see Paul E running routes. He's just running in the morning 730 our camera guy Paul I wish you could see his face Paul Oscar goes running routes

He's to what song 61240 61240 played for Chaplain University, right big dude. What song was he working out? What was it Keith sweat? What was that? That's what L.S.G. My body all over your body, babe. It's your body, babe. Who works out to L.S.G. and Keith Sweat? Only our body, Paul. Everybody, give a shout out to Paul. Paul, you're just something else, buddy. Now, two-pock. Two-pock.

Two-pock, right. OK, anyways, it's... Who's the sexy workout? It's a sexy workout. He's trying to get that. Let's give an intro to the biz-dog. Thank you. I went there.

I went there. Yes, sexy Tom. In Bokeh in the house. That's right. And by the way, you grew up here. You grew up in Bokeh. Yeah, my dad's job moved just down here in the last two years. High school. I was I was a Bokeh guy. Tom, your dad was a what? Rocket scientist. Literally, he was a rocket scientist. Yeah, he was a mathematician guy. Washington State University, small school, middle of nowhere, and you know, mathematics genius was a rocket scientist. Yeah, he was a mathematician guy Washington State University small school middle of nowhere and you know Mathematic genius was a rocket scientist and early. By the way, that's like literally his dad was a rocket Yeah, I'm no rocket scientist

But no, I really am I'm a rocket scientist. This explains so much, but you know, it's really funny You look back at the pictures there and here is him with the short sleeve, white shirts, little skinny black ties, and he had slide rules. And there would be like 30 or 40 of them. You would see this team, and I'm like, wow, what'd you do? He says, we were putting men into orbit,

and we were building, we weren't about missiles and rockets and bombs. We were putting men into orbit, and we wanted to beat the Russians. So they had vision, mission, all that. Now there's probably five guys from MIT with big computers. Back then it was 40 guys and everything. But we were proud of that.

Let me add, so by the way, this morning we're having breakfast. And Tom, what is Tom doing? Tom takes the moment to teach the kids about the difference between Mahi Mahi, Eldorado and San Diego and Dolphin. But not the kind of Dol dolphin you think it is. So Tom, just teaching, right? And the kids are like enamored by Tom's teaching, he's showing all these pictures.

Was your dad also somebody that would always teach you? Like was he like you? Like were you like him? You know what, we didn't have a lot grown up. I mean, we were just middle class and he was always teaching. He talked to him, but you said you guys grew up in the $6 million home in Boca back in the 18.

No, no, no, no, no, no, that's good. This is Boca in the 80s and we were like out west by four forty one. Yeah, I can only imagine being ever to see was your data racket scientists No, I mean that was back then that was the border. There's Boko West in four forty one and then Animals and swamp. I'm just I'm still revisiting this this rocket scientist How many you know, I mean how many times I've said, look, I'm nowhere rocket scientist. I'm no painter. If you're watching this, who has a relative that is or was a rocket scientist, if you're watching this comment, I'm actually curious to know how big the community of rocket science, did you have anybody

that was a rocket scientist? I figured if anybody would have had a rocket scientist and be coy, Polly, any rocket scientist and a family? No, my dad's a luxury engineer, but not a... Okay, I mean, your dad's a pretty legit guy. Chris, shout out to your dad, Chris. Sam. Hi Chris.

Sam. Anybody was a rocket scientist in your family. Nobody. Okay, let's see if anybody we had here that was a rocket scientist. Definitely nobody in our family was a rocket scientist. I bet you find a lot of people from Southern California. That's where the space program was.

I was the fan of. Yeah, yeah. There's probably a lot of people in the middle age that had moms and dads. They're working at industry. I have a friend that was probably one one. One, uh, uh, uh, hallucigen away from being a rocket scientist. He was, he was, he was that, uh, legit of a guy that could have gone there. He was a mathematician. You know, I'm talking about what he means I'll lose one one one like he should have done one more I mean, he didn't want too many while he was a genius when he came down

There was a couple guys in our school that were good and math. He was one of them and he could have been a rocket scientist But he sells kebab today is what he sells He's in a kebab business is what he's doing the kebab business is boom anyways You told me you are very excited about today's topics. Any reason why you're very excited about today's topics? You noticed last time. You came in pretty amped up. I'm amped up.

I don't know if it's a caffeine pill. I don't know what's going on, but I don't know if it's just a biz-dog. Oh, right. You didn't take the pill from the guy that's in the lobby. Yeah, yeah, that guy. That guy. I'm amped up. He, no, there was a guy looking like that with a man purse.

His name was Zach. And he said, who let the dogs out? And he offered him a couple pills. I don't know if it was Rufi's or coffee, you know. Rufi's. I don't say no. You ever seen the documentary? No, he take a Rufi, you won't be saying no.

Have you ever seen the documentary, hangover? Ever seen the documentary, hangover? The documentary. No, no, no. No, no, no. I saw the documentary, it starts in Las Vegas. Almost famous. No, no, it starts in Las Vegas.

There's a tiger in the bathroom. These guys wake up, you know, so it's like a... Yeah, that one. Yeah. I don't know why they call it roofies. They should call it flores, because you always end up on the floor. Who made you laugh the most in Hangover? Well, obviously Zach Alpinakis is something else, man.

This is my son Pedro. He's my son Pedro. What? Hangover. Well, obviously Zach Alpinac is something else, man. This is my son Pedro. Hangover. Look what he's doing. When I have him breakfast, I remember we watched the first one. We're like, this is hilarious. You watch the second one with friends. You're like, little awkward. You watch it the other way. Okay, they just crossed the line. Okay, so the third one is not one. You're going to watch with your friends and family. It's a little awkward, but for, by the way, Wollfowell Street, you know who I watch Wollfowell Street with the first time?

With my dad. Okay. At ArcLite in Sherman Oaks, we're sitting there. My dad is, by the way, the whole place is jammed. Your dad is laughing. My dad is in tears cracking up the entire time. In every scene I haven't heard my dad laugh that loud. You're dad wasn't asking questions.

He wasn't asking questions. What is all the sugar on her butt and what is he doing? No, no, no, that's a well-trained. He's a G. That's a well-trained man. Okay, so let's get right into it. Let's get into it. We got a lot of exciting stuff.

We're having some flories. Okay, by the way, here's what we're going to do. If you're watching this, if you're watching this, and you have a question, or you want us to cover a topic, Kai is following Twitter hashtags. If you go on Twitter and you put in hashtag, PBD podcast, once again, PBD podcast, with any questions you have or topics you want us to cover,

Kai will be following that. By the the way my handle is at Patrick Bay David. So if you tweet at Patrick Bay David or P.B.D. podcasts, Kai will let us know maybe some of the tweets will even be shown on the screen to see what the question is. So Kai you follow that trend as we're going through it. But let's get right into it. We started 30 minutes a little earlier. I know we said 9 a.m. we did 8 30 because I got a 10 30 meeting today and I figured we start 30 minutes early rather than doing a 90 minute show. We said let's do two hours. We'll start 30 minutes. I think

it's far as a town. We're getting good feedback. People like the time. Yes. So, so let's get right into it. So we got a topic. SPAC versus IPO. I think it's important for people to realize what's going on with SPAC versus IPO. So I think it's 20. What was the number? $70 billion. We'll touch up on that. You got a lot of feedback. Crazy numbers. Crazy numbers. Disney Plus just topped 100 million subscribers in 16 months. It took Netflix 60 months to do it. They did it in 16 months and wait till you hear what they're projecting to do, which the number is absolutely astronomical.

37% Americans in a recent survey said that they made trades based on Elon Musk's tweet. They made trades based on Elon Musk's tweet. Americans got credit carded by nearly $83 billion during the pandemic. Elon Musk's SpaceX now owns about a third of all active satellites in the sky. Next we have, okay, Elon Musk made another $25 billion yesterday in 24 hours.

What a rough day, you know, when you make 25. He loses 25, he makes 25. Just another day with Elon Musk's stories. Hybrid working will become the norm. How much money you need to live comfortably in every state in America. It's interesting to see what is the most expensive state to live in. And most cheapest, cheapest state to live in will cover those numbers. Zoom's founder Eric Juan just transferred 18 million shares, $6 billion.

And everybody's wondering why that is. Times got some speculation on what happened over there. US lawmakers want them to be talking about for a while. Introduce bill to clarify crypto regulations. You do now want to see regulations and crypto in the same sentence, but we're headed in that direction. We'll see what's going to happen there.

When there's a party, the government's going to regulate it. That's right. Democrats may just have laid the groundwork for Biden to cancel $50,000 a student, dead per person. We'll see what happened there. Russia slowed down Twitter's speed and threatened a total block after the site allegedly failed to delete banned content. Russia's back at it again.

Can you imagine your threatening company in the US from Russia where you have control over saying, I swear to God, if you don't delete banned content, we're gonna ruin your website. Imagine a kind of power you have to be able to do some like that. Biden administration plans to buy another hundred million hundred million extra doses of J and J COVID vaccine The one shot the one shot. That's right. The one shot and then China is behind a new huge cyber attack of Microsoft

And then we got a few other things that's going on Texas pink raider Texas tech offers the two-day-old daughter of Patrick Mahomes, a full-ride scholarship to play soccer there. Obviously, we got to cover Myers Leonard, what he said while he was playing video games and Julian Ederman, a responding to him. And then Cuomo, you know, a story came out that he gropeed, grow under the shirt, we made cover that. I don't know whether we're going to get into that or not, but we've got a lot of stories here. Okay. Then our boy, Gronk. that are sure we may cover that. I don't know whether we're gonna get into that or not,

but we've got a lot of stories here. Okay, then our boy, Gronk. Gronk is NFT, right? He's starting an NFT for himself. Yeah, he's starting an NFT. So why don't we go into the Disney story? I said we start off with the Disney story first. So, Hunter Mungi subscribers in 16 months.

Initially, they projected a half 60 to 90 million subscribers by 2024. They are way off. Three years ahead of their projection, they hit a hundred million. And a company spokesperson said, Disney expects to hit, ready for this number? 300 to 350 million subscribers by 2024.

Watch them, miss that mark as well, right? If they miss that mark. It took Netflix 10 years to accumulate a hundred million subscribers after launching in 2007 Whereas Disney Plus took less than a year and a half and in October Disney Plus pulled dumbbell Peter Pan and the aristocrats amongst other films from kids Profiles because of racist stereotypes depicted in these films. Let me get to straight So dumbbell Peter Pan and aristocrats. I actually like all of those movies, but they pulled it out and the films removal from kids profiles comes amid a nationwide campaign

to slide disclaimers on or outright ban old movies TV programs and books, theme, racist and offensive. Anyways, two different topics in the same subject to Disney. Tom, what are your thoughts with Disney? Yes, Netflix. Disney plus, you know what I think this is? I think this is a leadership case study here. And I'll tell you why I think that.

The guy running Disney Plus is a guy named Michael Paul. I met Michael Paul when he was at Fox in Los Angeles, California, and I was at GoTV. Michael Paul's a very impressive guy, was an absolute leader. He leaves Fox and gets recruited to go run video for Amazon. So let's follow the crew trajectory and look at the leadership. He's up at Amazon, runs video,

and then he gets recruited to Disney, I think it's in New York, to come run Disney Plus. When I saw that, I felt, and it's Michael Paul, P-A-U-L-L, great guy. Double L? What? Double L. It's the Paul family with the extra L.

And so I really was impressed by the guy when we would talk there. We would talk about where's GoTV gonna go, where I think it should go, what's going on with Fox. And we, a lot of times, just connected with him professionally, we weren't next to neighbors or anything, but grabbed a couple of lunches with him,

always, always very sharp. And I kind of noticed, you know, what was going on. I think this is a leadership thing. This is not somebody that grew up in Disney with production film. This is a guy that cut his chops with a stop at Amazon and it doesn't surprise me that he's driving it this way at all. I thought the blending was good,

I thought the ESPN plus they put in there and the way they put it all together, they recreated the cable company, boom, and he's driving it and I'm not surprised by this. I'm not surprised at all. I'm a Hulu subscriber from like day one. Do you think they're gonna hit the 300 to 350 or you think they're gonna surpass it and then a half a billion? I don't know. It all depends on what you know you got Canada, you're the other markets. It's the take rate and foreign markets because you've only got

how many how many hundred million homes in America and 330? 335 million? Yeah, but it's it's homes homes is different than population right? Right. If you count four to one so we're dealing with only a hundred million in US let's just say or 90 million in US you have to figure out what to expand internationally get a number like that. Yeah, that's exactly right. But what's happening in the US?

I think they're just sucking the era of the room. YouTube TV didn't get going fast enough. You know, you had data head start. They a lot of things going on. What question for you? Can they go into China? Can Disney plus go into China? Can you check to see if Disney pluses in China right now?

Can they go into China? Because, look, kids watch Disney from all parts of the world. So I'm curious enough, that is a market they're considering that they're going to get into it. That's going to give them a chunk of that business right there of 350 animals on your mind. Disney made the it's a small world After all famous all been there We know it's a small world and connect with what I got appreciate about the biz doc is you're looking at the story And you see some of these numbers and we'll kind of get into it

But of course Tom Ellsworth knows the guy, Michael Paul, with two Ells, that he, oh yeah, I met him back at a party and we were doing a video conference. Like that kind of insight is actually very impressive. Like no one would know. But speaking of leadership, like who, like, if we forget, you know, we're thinking of these massive companies. But no one understands like, oh well,

there's a guy named Reed Hastings and this is his philosophy and this is the book that he wrote and this is why Netflix became that company and like there's a story behind the story and what you're essentially you're saying is like yeah Disney the name of Disney is obviously a popular name and people get it but no there's this dude name make-up all with two else and here's the deal and here's where he came from but let me let me kick it over to you Pat I've been pretty vocal about this, because we've covered, when Quibi didn't, and I was like, what the hell is Quibi at the time?

You said something yesterday, like the big three, hospitality and hospitality. And what was the big three that you said in regarding your headlines and your restaurants? Okay. It's the one that got hit heaviest by code. During the pandemic, you kind of sort of gave it its own moniker, the Big Three.

What's the Big Three when it comes to streaming? Obviously Netflix is numero uno, right? But Disney is right there. It's coming up on its heels. So it seems then you got Amazon Prime. How many players, is there a Big Three? Is there gonna be a Big Five? Hold up.

Top OTTs in the world top OTT? Because you can only have such a great question. How many of these can you have? Like when Quibi failed, I was like, yeah, obviously, because there's freaking 10 other things they're competing with. You got Hulu, Hulu, I've just put, just put okay, there you go. HBO's one as well. That's right. That's the one that you got to be looking at for because HBO is competing in a market place. You have so many. Just type in the US. Type in in the US. Top OTT. Okay. Streaming platforms in US. Look at that. Do you see that? Wow. You know what?

Guys over the weekend. Guys learning better. Ladies and gentlemen. The fingers of lightness. That's that's already a month old, but we'll see what that says. So YouTube is considered OTT for Netflix. So YouTube is in the mix. Amazon, Vimeo. Yeah, this is what they're not.

But I think you have to look at that. That's just the multi channel. Because the YouTube here is YouTube red and a few things like that, you know, just access. People intentionally buying it, you know. So everybody thought, and by the way, I did a case study on Netflix. Remember, I talked about that Netflix without all the Disney programming going off the

air, going to have some challenges. Netflix is holding its own and even raised prices a buck. So it's Netflix for designated, you have to look at the two sides, the live TV side. Who knew live TV is really good. And then Netflix is the premium programming, going back to the house of cards and things that they built themselves. Although house of cards came out of Britain.

I got a question for you guys. Here's a question for you. What's more impressive? Disney, going from 0 to 100 million at 16 months, or Netflix, going from 0 to 100 million in 10 years. Well, I think you would argue that Netflix was the organic growth entrepreneurly on, thank you, Adam, Reed Hastings in his leadership,

and then Disney kind of took their own stuff and then bought up the rest of the air out of the room. They bought the libraries. So there's your acquisition strategy. What's tougher though? What's tougher between them? What's more impressive? I think it's tougher what Netflix did.

I agree. I totally agree. I think that's much tougher. I mean, Disney had, let's face it, all the money in the world. They have a monopoly. Yeah. And they have content galore from how many years? Well, yeah, they bought the stack from Fox.

They got the Marvel. They got the Star Wars. I mean, so they bought everything. Yeah. How much credit here goes to Iger? stacked from Fox, they got the Marvel, they got the Star Wars, I mean, so they bought everything. Yeah. How much credit here goes to Iger? How much does Iger get credit for what he did during his 15, 16 years of doing what he did and buy not Star Wars, buy not Fox, buy not every, how much does, how much of the

credit goes to Iger? I like Bob. I don't agree with him on everything that he says and does, we cross this over in the politics and whatnot. But I think he doesn't have to apologize that that was the handy was played. I have Disney, I've got money, and I'm going to go buy it. I don't think you apologize for that.

His job was to grow and to deliver for the shareholders, and he did it. Now, is that as impressive as what Reed Hastings did? No, but I think in the chair that he inherited with the handy was Dell, I think he did a good job. Yeah, I say Reed Hastings, kudos to the guy for building something that you have. You have nothing, you have to create content,

you have to go get people to come and visit you. You have to get, hey, let's go what he got here Netflix 204 million prime 150 Spotify 144 I can't read the next one is a trescent 10 cents 120 and then it's what's the next one at 119 Okay, and then you have Disney at 95 Yoku at 90 million Can you make it bigger? Actually want to see who's next after that because I want to know how many of these were used. Go a little bit more. Do one more layer. Do one more. Okay, that's good.

So Disney 95, Yoku 90, Apple Music 68, Music Amazon 55. I don't know who the next one is 57. E. What does that say? Vio and then Hulu, 13. Who lose only at 39 million?, arrows and then YouTube premium 30 million, serious 34 million Disney, another one right there, you got Showtime, Paramount, HBO Max is only 17 million. I thought for sure HBO would have been big a number than that, because a lot of stuff you're seeing lately

going straight to HBO Max. Remember, you take Disney Plus, plus the Hulu, plus the ESPN Plus, plus the Disney. Yes. So from, No question about it. Well, this was essentially my point, and this is why actually I kind of disagree

with you guys on the Netflix thing. Yeah, Disney had sort of a lead in the race, but looking how much competition is out there. Like we can't even, we don't even know half of these names we're talking about. I don't even know that one. What's this? It's just so much competition.

So yes, it's dizzy. Yes, it's a big, you know, bohemus type of company. But you still have to compete in the marketplace. You still have to have a good product. You still need to have. What did you drink this morning? I'm all over the map, baby. What, what, what, what was in that pill?

Can we check it? Can we check it? I mean, I just say it. I gotta get, okay. All right, here's the, here's the deal. What was in that pill? I got to get... All right, here's the deal. The first stock that I've ever owned in my life was Disney. My grandma bought me like 20 shares of Disney when I was like born. So I still have them. They're the only individual stuff.

Yeah, I still have them. So she probably bought them for like a nickel back in 1980 and now there were you know a decent amount of money. Is it a decent amount of money? Yeah, I don't know It's like probably 30 grand Yeah, yeah, that's pretty cool. She's about your 20 shares and it's worth 30 grand Maybe not maybe 26 grams of money. I don't know the exact thing. Yeah, pretty cool Yeah, thanks grandma. I mean guys long you know buy and hold buy and hold hold hold so point is I got a little soft spot for Disney So when I see Disney kind of doing all right, oh, yeah, all right, I'm buying let's go find the emce Cinderella already I think that's what I'm about to honestly how many times have you seen Cinderella?

Be honest 50 60 Recently I'm talking last week just last week probably 20 times. I saw Cinderella like I'm talking last week. Just last week, probably 20 times. I saw Cinderella like, I'm looking for that slippery baby. You got you, you got two daughters. Where's other paul? I saw Cinderella like three times. He opened for poison, right?

Is that right? Pausum should out. So anyway, I mean, just impressed with what's going on in Disney. Back to you, last point, last point, and then I'm gonna turn it over to the biz doc. Speaking of competition, speaking of all these different competitors out there,

you brought up the big three. We talk about Uber and you have Lyft. You've got Amazon, you've got Walmart. In the streaming world, there's a couple dozen names that you have to compete with. So to be in the top three, or even the top five in that category is very impressive. Any final thoughts there Tom,

before you move on to topic? I gotta make one salute to read Hastings and his management team. When he came out, I look at who wanted you dead. HBO wanted him dead. He's put movies in a hands of consumers. That's HBO's realm. Showtime, cinematics, all those, they wanted him dead.

And yet he was getting these, you know, blockbuster, remember blockbuster video, Jim Kies, they wanted him dead. So you have to look at these incumbents that were massive when he came out there, the number of people that wanted him to fail when they had less than nothing. And here they are. The dust is cleared and a lot of those names I mentioned are gone or demuted in their influence. So that's what I look at Netflix. Here's what a final question do you Pat? Yeah. How many of these streaming services do you have in the Bet David household? I couldn't even tell you. So we obviously don't know more than five. We have Disney. We have Netflix. We have Amazon Prime. Yeah. I think those are the three that we have.

That's it. You have three. I think we have three. Okay, how many? I'm gonna ask Mario. Mario over there. Mario owns underground streaming services. Mario owns pretty much every single thing that you can see on streaming services. He owns all of them.

Why do you subscribe to all of them? Why? I don't know. Mario is a content guy. He's an underground kind of guy. He's an underground content type of guy. I think I got like eight. See his simulation between eight power?

I think so. I got eight streaming services. H.B.O. Max, Apple TV, Netflix, Amazon Prime, stars, what else? Kids sweat, so what did he sweat? He sweats, I don't know how to write about your body. Would you consider going down to three? All three. No wet what would you consider going down to sweat no you would you go down to

first of all and peacock just open yeah you talking over there you talk about you're definitely cocking you talking about a guy that when the movies were open Paul how many movies were watching every week at the movie theater honestly uh three minimum every week yeah no matter what

in addition to all your OTT. I wasn't streaming as much to be honest. Paul, when you watch the movie, do you get the popcorn and an IC or you're just go watch the movie and you leave? I would rotate. You will rotate. Sometimes yes, I would just go in. And sometimes a week no matter what. And do they even make three movies every week? Like, is there not any more? That's why I'm so I'm honestly seeing probably one a month now. Okay, so we're starting to get some questions here folks. If you got some's why I'm, I'm honestly seeing probably one a month now. Okay, so we're starting to get some questions here folks. If you got some questions, I mean, I'm seeing already questions on the podcast,

the cool guy alerts is let's talk about Dogecoin. Some folks are talking about, I'll just go into the next question here. Kevin, Kevin Tatcher, if you want to go on the Twitter just to have it up to see it and put it on the big screen so we can see Kevin Tatcher, shout out to Kevin, real estate or crypto as long term investment. I I'm a real estate guy but I'm thinking

crypto Tom. I'm going to ask you, here's a good question. Do I invest in real estate, long-term investment, or do I do crypto for long-term investment? Both of you guys are money guys. I'm curious to know what you're going to say about this. I'm going to say real estate on the conservative side. So if you're younger and you've got time to make a recovery later in life Yeah, you could take a bet on crypto and see where it goes But if you're over 40 I would probably say real estate because it's got permanent scarcity and More people come in the United States. So that would be my headline. What would you say?

Age is a factor for sure, but I Like to keep things moving. I like the portability, so I've been very vocal. I'm not trying to just stay in a house and just wait for the house to appreciate. So I'm going in on crypto versus real estate. For sure. So long term you're saying crypto over real estate. Yeah.

I agree. Well, you gotta realize real estate long term, what is it done? What's the number on real estate long term? Three percent. Like, three percent. Yeah. There to realize real estate long term. What is it? What is it done? What's the number on real estate? 3% yeah, what yeah, there's a real estate long talk with that house. Yeah, but he's saying conservatively crypto conservatively Real estate old school thinking is that new school thinking I'm more of a crypto guy. He's a real estate guy That's fine if I was 22 no student loans coming out. I would be on crypto You would and you know, and I'd be hanging with Bitcoin because the, I think there's got to be.

Can you put his tweet up? I'm begging you put the tweet up. Like I've been asking Kai, texting, and sending signals. What's the guy? But Tom, are you a big real estate guy in general? Forget about crypto, just in general. Like you buy your house, you have a mortgage, I mean, where you at with just real estate in general?

Real estate, I like the mathematics of rental property with the cost of house. No, no, no, that's not what I asked. in general? Real estate, I like the mathematics of rental property with the cost of house. No, no, no, that's not what I asked, because everyone's goes, oh, I like to have a rental property. I mean, just literally having a mortgage, buying a house, paying down your mortgage, that concept. No, I'm really not.

I'm really not. You're not. And you're a numbers guy, why not? Well, at the time I would have bought, and at the time earlier, we had five and seven percent more gauges. Maybe even higher than that. And that was the good era.

So I think that the price of the mortgages is everything. Well, price of mortgages are extremely low right now, right now. So it's a different world right now. Oh, you're saying back when you bought. Yeah. But now I'm talking about. Oh, yeah. Yeah, the government wants to give me 2% money. You'll take it. I'll take it all day long.

Look, 2% money and a 3% appreciation. You're 50% ahead of the government. So it doesn't sound like big numbers, but you're ahead. Okay. So a conservative plan. Your crypto long term, if you're 22, your crypto long term, today you're more real estate in crypto long term. 40, 45 I cross cross over more conservative stuff.

Fair enough. You got no time to recover. Age. Age. Yeah, fair enough. Let's continue. I can see how that could potentially be the case. So America, Americans cut credit card there by nearly $83 billion during the pandemic.

According to a study from Wallet Hub, a personal finance website, Americans collectively got rid of a record, 83 billion dollars of debt in 2020. The figure is significant, given that consumers have added an average of $54.2 billion on credit cards that each year for the past decade, still the US has a long way to go and pay off the $1 trillion of debt collectively.

But it is progress. Wallet hub analyst Jill Gonzalez said that 2020 was a second year, in more than 30 years, we've ended the year owing a less credit card debt than we started with. The first year was 2009, the height of the great recession. Thoughts. I got to tell you, this was one of the stories I was super excited to even discuss. I am, you said progress. This is very impressive stuff, right?

I mean, we're talking about investing right now. We're talking about, are you long on crypto or are you real estate? People forget, the best investment you can possibly make is paying off your freaking credit card. Because if you're paying 10, 12, 15, 20, 24% interest rates, you're not going to get that in the market. Yeah, more like the 20s. Right. Okay, exactly. I mean, it could be in 20 something percent. So it's very interesting here. And I would love to get your opinion on the correlation here. Two times in the last 30 years, we've

ended the year with what? Less credit card debt than we started with. Two times. 2020, pandemic, and 2009, great recession. Yeah, so it seems to me that fear you know reduces sort of fiscal prudence. What's the correlation with that like I think you just said it? Okay, is that what it is? It's like holy crap the world is coming to it. It was in a piphany moment for you Honestly, that would it was save Save your death moment. Okay.

Right, so it's on top of the leaderboard right now, baby. No, I think it's very impressive. I think you're exactly right. If you're one of those people out there that took the opportunity to get your stimulus check or make your money or not travel and you actually did the smart fiscal prudent thing and actually paid off your credit card and said, I am not effing going back into debt ever again. Kudos to you out there. I have a respect for you if you did that out there.

No, I think right. So you take somebody's got $25,000 out of a limited credit card, and they're sitting there at 15. I may need this for something really important, and I can't go to restaurants. I can't travel. I'm probably lower on car maintenance.

There's a lot of things you just weren't buying at all for people living beyond their means, parting a little bit. And I think there was Putin's in there that says, yeah, I got a couple extra dollars here. I'm gonna knock this down. Sitting at home with time to think is actually good for Americans. And I think generally people sitting at home

with time to think will make pretty rational decision. So in 2008, okay. Brock Cobal was being interviewed. And he said, look, these are times that you may want to stay home and skip that Vegas trip, okay? He says that. And he says, save that money, right?

Instead of, you know, he said this all the way around. And I don't want to see any more of them. CEO's going to Vegas on those private jets. I think that, I think that stuff needs to come to an end. I think that's a wasteful. God, it's not a battle. Not a battle balma, right? Do you remember, do you remember,

do you remember, do you remember, do you remember, do you remember we said that you remember reshage? Do you remember reshade that and all the private jet companies and Vegas like flipped out and so we supported you, jerk. So he says this, politics for you. He says this and all of a sudden out of nowhere. Okay, a friend out of Las Vegas, the mayor of Las Vegas, Oscar Goodman comes out and calls out Barack Obama.

How dare you say such a thing about my city? How dare, this is a guy that voted for him. How dare you tell people to not come to the great city of Las Vegas where all these people have their jobs, right? All this money being saved is a beautiful thing, but this money being saved hits a lot of industries. Okay, that money would generally end up in industry. It's gonna go somewhere. It's gonna be spent somewhere, which by the way, I tell you, I like the fact would generally end up in industry. It's going to go somewhere.

It's going to be spent somewhere, which by the way, I tell you, I like the fact that we're paying off debt. I'm all about paying off debt. Unfortunately, during COVID, the country got into $5 million more debt. So yeah, we paid off $83 billion of individual's credit card debt, but the country is officially $5 trillion and more debt, which means you're eventually, that 83 billion dollars may be sexy, but it ain't nothing compared to what you're gonna have to pay off your kids yourself in an X10, 20, 30, 40, 50 years, possibly 100 years, because that debt has to be paid off

with the five trillion dollars of money that we printed. So, the saying, like you said, fear makes people save money, fear also sharpens listening. People listen more when they're afraid. People are willing to take advice when they're afraid. Unfortunately, today, fear is not really sharpening listening to anybody because they're not afraid today.

People are pretty aggressive today. People are very optimistic today. People are playing offense today. So everybody's thinking the market's going to go galore and everyone's going to make money and the Dow's not going to drop and we saw glimpse of it. What happened when the interest rates went up a couple weeks, go to weeks, go into rates, went up, all of a sudden, wait a minute, what's going on over here? You know, you know, market took a hit for a day. And of course it came back up. But, you know, this is good playing aggressive

offense like this pain dead off. But it'd be great to have this habit during good, bad, and ugly times. Yeah. Unfortunately, when you're staying home, you have nowhere to go to spend that money. What do you do? Save that money. Thank you for that. Well, one just, I guess, counterpoint to our good friend Oscar Goodman. It's not you know it's the wrong people. I'll just want you to know. So before I before I was you ever seen a movie casino of course Okay, but the narrow way he is in the movie and in real life He was the attorney of Tony Spalatra Frank Kalada and you know Oscars a very interesting story about Oscar Goodman He was the mayor of Vegas for 12 years. You know who was the mayor after him for eight years his wife

Has been that he play himself in the movie? You know who was the mayor after him for eight years? His wife has been the... Did he play himself in the movie? I don't exactly talk about movie. What a G. What a G. And his wife. We met him, right? Yeah, of course.

We had a great time with him. Good man. He's a good man. He's an interesting man. But you brought up like how dare you, you know, not spend your money in Vegas? Look, it's not... I've had this conversation with people before. Well, why would I save, you know, because, you know, not spend your money in Vegas. Look, it's not, I've had this conversation with people before. Well, why would I save, you know, because, you know, if I spend money that helps the economy and helps individual sectors. Yeah. Listen, it's not your individual

job to stimulate the freaking economy. It's your job. So you're more about stimulating yourself. You're stimulating your own pocketbooks. Don't worry about- What a renewable person you are. All right, I'll be back in 10 minutes. I'm just saying, don't worry about your own- What he said, this is up with that. Don't worry about what's going on in the macro economy. What about what's going on under your roof? Like if you're in debt, don't justify getting into more debt

and spending more money, well, I'm helping the economy, man. Don't worry about that. That'll figure itself out. If you've got $5,000 of credit card debt, and you have the opportunity to pay it off, get that out of your life. Self-Stimulation. It's a really college.

Stimulation, I'll be right back, guys. Yeah, self-stimulation, focus on, which by the way, I think you make a very good point because at the end of the day, even Michael Jackson said what? Which by the way, I think you make a very good point because you know at the end of the day You know Even Michael Jackson said what if you want to make it change take a look at yourself and you know Talking to the man in the mirror right starts with you. Yeah starts with you So we've gone all over the world

I've bet the place take a look at yourself and make that change If you want to make the world a better place take a look at yourself and make that change say it Dude, no the song you place from the 60s. That's the song you wake up do we forgot what was the song you wake up to What was the song you played here a minute ago that just walk us up with the TV revenge skull button sicko sing it sing it for us. Well, that's not any words But then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then,

then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, then, by the way, if you're enjoying the topics we've covered so far and the fact that we have Tom on, smash that subscribe button. If you're enjoying it so far, press that subscribe button, we're trying to get this podcast over 100,000 subscribers. But let's talk about SPACs versus IPOs. First of all, assume 80% of people listening to this,

don't know what a SPAC is, 20% doing they've heard about it. So why is everybody talking about SPACs versus IPOs? Got it. So a lot of people out there, entrepreneurs, think about having your own company and saying, how do Facebook get on the market? How did Twitter get on the market?

Well, you build your company up and then you work with a New York bank, a Goldman Sachs, Morgan Stanley, Merrill Lynch, folks like that, and they do what's called IPO, initial public offering and they get you on the stock market. Now, the bank isn't charge of all that, and a lot of times the bank, you know, they got heavy fees and stuff.

There's an alternative that's out there, it's called SPACs, and it's like a short way for to get on the stock market. And what's very, very interesting that I think that most people don't know is how this gets gamed, because the money that your company will get is the first day IPO. So when you go on the stock market, the company gets a bunch of money on the first day and

then the company is traded on the stock market. And then you can take that money, build your company and do all these kind of great things to you. So a faster version of going public rather than taking the IPO. Correct. Correct. And you know, what's very interesting, and I was giving an example. Many people, you don't have to understand it's back or IPO to notice, hey, that company

just went public and they see this jump in the stock price. Yeah. Wall Street. Betts will tell you about it if you're on Robinhood, you see it all about it. It's very easy to see. You don't really have to denote a lot of details and notice it. And a guy put up on Poshmark. So you have Poshmark, really cool company,

where people are reaching to their closets, taking fashion and they can trade it, it's like secondhand retail. That's right, and it's like an eBay for curated fashion or you can sell what's in your closet that's not too old. So Poshmark was out on day one. They sold IPOro, SPAT. IPO, and it was Goldman and Morgan that walked hand

in hand down the aisle to do this one. So they went up and a bunch of people at gold, high net worth people at Goldman and IPO were invited to buy in at a bike 42 to 49. Look what happens within two days. All of a up to 100 and then it, this one just happened in January and then it goes down. You know, I went because of those people Goldman Morgan, those high net worth people that's other thing pop day one. They're like, I've just doubled. I'm out. I'm out.

And so now it levels out down to a more rational. Where is it today? Like 50 or something? 51. 51. So it's a, it's a, it's a, it's IPO value a little bit. Now it's going to grow into it's still may 25%. You're just going to make 100%.

That's exactly right. But the point is that pop there if that was really the value of the company this should have gone out maybe at seventy five and that would have been more dollars for posh mark on day one they got the first day price like forty nine so it's kind of game so the IPO game is kind of game by the banks the IPO game who wins and the who wins in the IPO game the game, the banks win in the high net worth people and the big institutions that buy your IPO price the day before the pop and then they sell out. That's in the IPO. That's in the IPO.

Who wins in the SPAC? The SPAC, the company still gives up a percent of itself to go public, but the pricing is much more rational and you work with the SPAC partner and it's more rational and you have less of this hidden game, this day one, day week one game. And so the bad side of SPACs right now is there's too many SPACs. And so there, if there's too many SPACs and not enough good companies, bad companies are going to get out because some SPAC will say, well, you're not really that perfect yet, but I'll take you public.

What's a bad company, not a real product, it's just huge projections. You don't have past projections, you're just kind of like, here's what we're going to do next three years. And you say, what have you done last three years? And you have nothing to show for nothing. You're growth is less stable, you're profitable. That makes sense. That's there.

Maybe you're a little sore. So let me ask you this, if I created a SPAC myself and you and I put a couple hundred million dollars and we're doing it at $10, we're 50 cents warrant, whatever. That's exactly right. Okay, so say we have that, right? Okay, we put a couple hundred million dollars in there. What kind of companies are we not looking for to put in the SPAC and what kind of companies are we looking for to consider putting into our spec?

Three-year-old venture company that hasn't yet grown into profitability and gotten above 25 million in sales is probably sketchy. So don't touch that one. Don't touch it. But they're touching it and that's where it's hitting the fan. Correct.

That's the criticism of SPACs is that their lower quality companies are getting out because there's too many SPACs out there right now. It's like, you know, there's great companies out there that entrepreneurs putting together and are gonna get out. So Pat, you brought up something yesterday, because-

But give me the other one. Give me the other one that you would. We have a couple hundred million, a hundred million, ten dollars. Metro mile just went out with a spack. I think highly of them. They're redoing car insurance over a hundred million dollars in sales.

It's a real legitimate company. You're a legitimate company, so instead of waiting 18 months, go 90 days and go with a SPAC. Yeah, exactly right. You ready for it? You get ready for it. You get a Metro mile. You did a case study, Metro Mile versus Root. I watched it.

I tried to, you know, not only am I on value team in economics, I... Hair is a subscriber. Hair is a subscriber because I learned from the biz doc. The hair club from in. I'm also a customer. Exactly. I'm not only am I the president. I'm, uh, I'm also a customer. Yeah.

You're going to like the way you look. I guarantee you the time. But anyway, I listened to, to that episode, it was you were in Hawaii lucky you doing episodes of Hawaii looking good drinking on my tie, I believe. You were slightly drunk, but we're not calling you out. out you haven't a good time but you were doing an episode on the SPAC of last five minutes of the case study was a little a little shaky at the end but it's all good. Tom is a member doing the case study. I did a case study. Remember that and then you did a you, it was metromal versus root.

And it was actually very informative. But I mean, I'm of the 80% that was like, what the hell is this back? I never even heard about a spack until basically our good friend, Chamath Palabatia started talking about it over the last 12 months and now he's all about, he's all about that life. But, and he's got the track record. He's got the track record.

He did well. You brought up something yesterday, Pat. When I said, well, what's it do with this back? And you said, it's all about speed. It's all about speed. It takes less time. So anyway, what is that? I mean, if you want to go public, it can cost you $4,000,000.

I'm giving a low to high. It's about a $6,000,000 number. Is that about a right number? Absolutely fair. That's a ton of things you have to do. So $4,000,000 legal fees, CPA accounting, audits, headaches, you're probably, you're gonna have a handful of people in your office for six months just sitting there, going through every single thing to prepare and then Goldman, Morgan, Merrill, whoever

it is that's gonna take you, they're gonna go ahead. Telling you how beautiful you are. They're gonna have to go sell you. It's a mess when you go public through the IPO spec. Oh, 90 days, if you're good, we're out. And you're on the market, think, think, think, think. You're on the market if you go through the spec, if you have a real business,

if you don't have a real business, guess what they will do if you go on a spec. You will be trashed by the media if it's not a real business. Why will they trash you? What is it? Because it's fake, it's you're trying to make money by manipulating the stock and saying,

here's what we're creating, here's what we're gonna be, here's what we're building, but you don't have it. Any of that built today, and if you keep saying, here's what we're gonna do, watch us, watch us, and nothing happens with the watch us. People are patient for a month, maybe three months, maybe six months, maybe 12 months, but eventually if you can show proof in a putting

on what you're creating, that's when backlash comes. Let me ask you another question. Professional analysts are out there to protect the show. A lot of this is sort of big macro economics, should I go SPAC, should I go IPO. How does this affect our listeners out there? Like what should they be aware of? Is it when they're investing or they're looking to allocate their capital? Is it just knowledge? Where should our listeners be following this?

Well, first of all, the education is key, but this isn't even about the education I'll give it complete a friend angle of it Tom is sitting here for people that don't know Tom if you know Tom Tom is a guy that did very well in business If you've ever you've ever seen the interview between Steve Jobs and Bill Gates the last great interview between the two and the red Share you know what you want. I'm talking about pull up the picture don't play the video because in case You know the folks at a silicone start knocking up the picture. Don't play the video because in case, you know, the folks at a silicone start knocking on the door, put Steve Jobs, Bill Gates last interview, interview.

Yeah, you probably have seen it. I mean, the world saw that picture right there with them going at it like it was very, very emotional. It was intense. It was awesome, right? There was 300 people in that room. Tom was one of them. Okay, that we're invited to be in that room. Tom was one of them, okay? That we're invited to be in that room.

Tom was a Silicon Valley guy. Tom was a technology guy. Tom was a guy that participated in four companies going and they sold it for over a billion dollars. That's what Tom's resume is. Former professor, adjunct professor, ad pepper dine. I think Loyola amount. Am I missing one of them?

Biola. Biola was what he was teaching. So, I mean, he's no rocket scientist, but he's doing a rocket scientist. But as that was, that was a rocket scientist. Son of a rocket. Son of a rocket scientist. But the point is, the following,

if you have the ability to go run with a person you believe in, that you think it's crazy enough to do what they're saying, they're gonna do it, and you go, you become a, that you think it's crazy enough to do what they're saying, they're gonna do it. And you go, you become a voice, you become a leader, you own a piece of that company, that company takes off and you own some shares, and you bring value to that company, you can experience some nice exits. I lived in communities, my last 10, 15 years, I lived in communities where people, you talk to them, how do you make your money?

You'll hear them say. It was either, the inheritance is actually very small percentage. Only less than 10%. It's self-made millionaires, 90%. Self-made billionaires, yes. That is a 70% that's self-made. 30% that the money was passed on like the Walton family,

all these other guys. But 70% of billionaires, 90% of millionaires are self-made, right? How do you make your money? Oh, you know, real estate. How do you make your self-made, right? How'd you make your money? Oh, you know, real estate. How'd you make your money? Oh, stocks. How'd you make your money? As part of a company, the company went public.

I owned some shares. I was there early. I got my exit. I got my $16 million check. You don't know this person. I got my $22 million check. I got my $41 million. The world doesn't know $40 million people.

You could be sitting next to a guy that's got $42 million from an exit that he had and he's sitting pretty, he's sat, he's got good things, good life. So anybody that's watching this and you're hearing us talk about IP or SPAC, my challenge and sort of an inspiration to you would be try to figure right away to get into that circle and go contribute to a company that's potentially gonna go public or have a SPAC or be a value to that company. The upside could be exponential, even Mario. Mario was a guy that started with me early.

You got Mario, Maral, Teakrin, who likes this. And then you got some of the guys from a more big, Tom himself. Tom's, you know, one of the biggest shareholders in the entire company. Tom's, I think Tom, you're like the third biggest shareholder in the company. Third of four biggest shareholder in the company. Get a smile on his face. Right. Third of four biggest shareholder in the company.

So, but if you go back and you think about Jose Guy, Tom, right? Jose Martin Guy, Tom, big shareholder, right? You think about a Palayo, you think about a, a, a, a, even Sapalas that can't lay the wrong. So these guys come in, they get, and by the way, there's a lot, we have like a 250 them, but some more than less. You come in, you get the shares, you contribute, the company does well, then you have an exit. So I think what I take away from IPOs and SPACs is go find one and bring the ton of value to that company with the hopes of earning the rights to get

some shares. So hopefully you can have your own exit as well one day. That's how I process that when I see that. Yeah, feedback on that time. Absolutely. No, absolutely. It's just smiling over there. I'll tell you about a guy. There is some going back at Jamdad. There is a a games producer And if he's listening he knows who he is is Travis and Travis wanted only wanted to know how do I get more equity How do I get more equity and he wanted to know how do I build value for the organization? How do I build the organization's value and he never was a guy that came in and said hey, you know You know, they're they're hiring over at Electron at Carthorak Division.

Can I have another 10 grand a year in salary? He never, never, never, never, never, never, never. He just asked for shares. He asked for shares, but more importantly, he was like, how do I, how do I impact the valuation of the company? And by the way, you, that's the attitude of Patrick just said, that's the attitude you walk in. Hey, how does my job increase the value of this company?

I just want it in a high, it can be really, really good at it. I need health insurance, so I got enough to live and do things like that. But I'm willing to make a bet here and drive on value. Yeah. And you walk in there, you're going to have an entrepreneur hug you and say, I will take care of you and this is how you do it. FYI, we just recently interviewed an executive.

I won't give the name. Okay. Here's how the interview went. Look, pay me whatever salary you want to pay me. It's great. Whatever you want to pay me, pay me whatever salary you want to pay me. It's great. Whatever you want to pay me pay me to salary. But I'm more interested in equity in participating in the victory. So pay me there. I don't care what my salary is. Let me participate in this. That comes from a person with experience. Okay. And then when you learn more about the person you realize white, the person says, pay me equity, not in because he had an exit in the past or one or two or three exits in the past.

So you had a guy that was working for you years ago, goes to snap, has an exit, gets 40 million bucks and he was a guy that reported to you. Correct. That's a pretty nice exit to have, right? So those things happen to a lot of people. That's the part about working for an established company and that's the part about working for a company that's steadily grown, we can have a big upside.

By the way, if you're enjoying it, you're learning, press that subscribe button. If you want us to answer a question, you may have GoSend a tweet with hashtag PBDPodcast. Once again, PBDPodcast hashtag, my handle, is that Patrick Bay? David Kai is watching all the questions that are coming in We're gonna get to a question here as well, but let's continue to the next

Topic of Russia. I want to do Russia next. We'll get to that one as well Russia slow down Twitter speed and threatened a total block after the site allegedly Fail to delete banned content if Twitter Continues to ignore the requirements of the law, the enforcement measured will be continued. The State Communication Regulator said, think about that. The move which escalates a grown standoff between Moscow and US social media comes weeks after Russian authorities accused Twitter and others are failing to delete posts it said illegally

urge children to take part in the anti-cremeland protests. The regulators claims that the vast majority of the posts twitter allegedly refused to delete contained content, encouraging miners to take their own lives. Other posts including in the indecent images of children and information about drug abuse, Moscow has gradually introduced tougher internet laws and recent years requiring seek search engines to delete some search results, messaging services to share encryption keys, et cetera, et cetera, et cetera.

Top. What do you, by the way, Russia tried to ban telegram messengers since 2018, for example, but proved technically unable to block the app and last year, publicly lifted the ban. What do you think Russia is doing you going after twitter uh... i think there's a there is a not so humorous truth that's in the middle of that and that is you are encouraging children to take their own lives what are you talking about your encouraging them to speak against the government

oh i see so that's how you take your own life speak against the government and you get disappeared rushes hate rush really hasn't changed that much. I mean, since the Soviet Union broke, they've been trying to put it back together. And the biggest thing you're trying to put back together is your control systems. And information, and human yearning for freedom are things that are catalyst for massive change. And the government doesn't want change. i think it's as simple as that and

this window to the world they don't want it this soapbox to speak uh... they don't want it ronald ragan told a great joke and he said um... he was talking to a russian friend and he says i think the united states great for the freedom is that why do you see that and ronald ragan said, because any citizen in America can walk in to the president's office and pound his fist

on the table and say, Mr. Reagan, I don't like how you're running your country. And the Russian guy says, I can do that too. So what do you mean? I can walk in the Gorbachev's office. I can pound my fist on the table. And I said, I don't like how Mr. Reagan's running its country. And I don't think anything's changed. It's just these digital tools. The Russia's the Russia. Russia's the Russia. How much of this liability is on Twitter?

How much of this is backfiring on Twitter based on how they mishandle prior incidents? I think they need to be careful that arrogance against American controls doesn't play well other places like China and Russia. How ugly could this guy? I mean, what can Russia really do to Twitter? Let's face it, what can, what do you do? You can't, you can't bomb a social media platform and say, I'm going to blow you up Twitter. Well, what do you do? They got great hackers. I mean, we all know Russia's got great hackers. We're going to talk about a little later, but Microsoft right now is under a state sponsoredsponsored attack from China. Yep.

So, you've got some smart people over there, and I think, you know, digital attacks, digital warfare. I think that's exactly where they go with this. Okay. If you're not going to get any thoughts. Well, I mean, back to your initial thought, you know, of complaining against the government of Russia, obviously Putin's in charge there. What's the name of the gentleman who's been the biggest dissident and the tractor of

Putin and next to Alexey Navalny, right? We've seen this guy's story over the last six months. The Germans took three months in a hospital, so he was poisoned on a plane. We saw, we played that video sort of in one of the initial podcasts. Yep. He's back to the plane. Oh my god. They take him off the plane. Turns out he was poisoned. Clearly this was a Germany saves his life. Germany saves his life. Shout out to your people. And I'm Canadian. Okay, I didn't, you know, just go along with it, baby. I just put it going along with it, baby. Um.

Ha ha. The, um, what does this guy do? He, you know, recovers. And what does he do? He goes back to Russia and essentially dares Putin to kill him again. He gets arrested. Where's it? What's the status of him now?

Is he put him on trial and puts him in a tough prison? That's where he goes. There he is. Now, is he not? I don't know. That's my point. Is that you speak out out against the government, poisoned, imprisoned good luck out there.

I mean, back to your point about the Russian joke. Back to your point with Twitter, how do you fight a social media company if you're a strong man like Putin? It's just hacking digital warfare, is that the only outlet you have to do something like this. That's the question of slowing down the... What can they really do to Twitter?

Can they do anything to Twitter outside of hand? You can't poison Twitter. Or can you? Tom, can they do anything to Twitter? You don't have an answer for that. I think they just shut it off, right? Because it rests your controls internet over there. Yeah, they limit access to...

In Russia. In Russia. Yeah, can you just..., can you do anything to the actual network of I think just tweeting or hacking bots kind of that stuff What they can do some stuff which obviously can do damage because remember the Bitcoin scam that happened with Twitter on the users and stuff like that Well according to CNN, they can steal elections. It's proven by CNN folks And I've seen CNN said you know, of course, that's your community. So okay, so let folks. And it's CNN said, you know it's clear. Yeah, of course, that's your community. So, okay, so let me give a shout out to a few people here

that gave some contributed to the podcast today. See what this one is here. Florida seems to be a great place for people that want to escape New York. For many of the obvious reasons, what are the material cons that you have come across about living in Florida that people just have to accept by moving there?

We're a family with young children, ask Jack Haso, he gave $100 and he's, that's actually a real question he's asking. You've been asking, what is the risk in negative side of living in Florida? If you were to say the negative part of living it, you lived in Boka for many years, you've been here your entire life,

minus the exciting travel. Beautiful, that's an addison. But what is the negative and the con of living in Florida? So, A, it depends on where you're at in Florida. So, if you're in the panhandle, that's a lot different than living in South Florida. True. Or, it's the central Florida, or if you're on the West Coast. Yeah. The first thing that comes to mind is hurricane season. So without

a hurricane season in Florida, there's not a lot of downside to being here. Obviously, you know, the jobs aren't as plentiful as they are in New York City or in California and Silicon Valley or anything like that. Because typically we haven't had the industry that influx of companies coming out here. But now things have changed. So I think people of La Conde Valley or anything like that, because typically we haven't had the industry that- In flux of companies coming out here. But now things have changed. So I think people have started to get wise, so I think the biggest, clearly the weather's on your side,

clearly the sun, the fun, there's all that in Florida, it's just, can I make money there? What are the jobs? So I always tell people to move here from New York City, if you keep that type of attitude, or it doesn't necessarily need to be New York exactly, but if you keep that type of, I'm gonna crush it, I'm gonna get out there, wake up every day and grind

and do my thing and get to work and get to business. If you bring that attitude to Florida, you will crush it. Because Florida is very, especially in South Florida, very Latin American influence, like, you know. Chill, kick back. You know, they say you're running on Cuban time, which is basically like the meetings at nine. I don't know, it'll be there at nine forty five. It'll be there when I be there.

It's all good. It's a very relaxed kind of, you know, retiree kind of. The only negative that you're going to say is Hurricane. And the fact that there's the pool of talent is not as high as LA, New York, Silicon Valley. But it's getting better. But it's getting better. But it's getting better. What would you say, negative time?

I would say that. I say that the economy here is thin. It's not thick. So you have a thin economy of jobs over here, and it's largely a service economy, where everybody is working in the city serving each other, if you know what I mean. And there's not like hubs of industry necessarily.

Yeah. There's not like a silicon beach, if you know what I mean. And there's not like hubs of industry necessarily. There's not like a silicon beach, if you will. So I think you're gonna be working in hospitality and service industries and regional offices of like state farm insurance and things like that. Schools down here, public schools, typically, have not been the way they are, say, in the Northeast. So there's a couple of things like that.

And let's face it, the great weather in the winter is countered with the tough weather in the summer. And you've got hurricane season and stuff like that. So I think there's cons, but I think there's cons everywhere you live, right? But for solid eight, nine months, South Florida, there's literally not a better place on the planet to be. Like for sure.

I mean, look, if you want to, if you're in the redneck Riviera where you like to hang out, then you say you've been there to Panhandle. I've been to Tallahassee. Who was it that goes to Destin? Who's someone sitting in this chair? Striner. Striner goes there when he visits your Striner goes to. Even it's nice up there.

No, I talked about that. That didn't get you. I'm not going crazy here. No, no You're not it's like a ton of people from Dallas, Houston. They go to Dustin there. You know, it's a more affordable kind of spring break It's beautiful great You know, it's not like cheap stuff. Great VRBO stuff there to family share it. It's great By the way, here's what you got to be thinking about if you if you got a family set family and kids, right? Okay Living in South Florida,

you're two and a half hours away from Orlando, which is Disney World, and you got Universal City, Universal Studios over there. So that's that part. Yeah, if you wanna rent a yacht for the weekend and take the kits to Bimini, which is what, two hours away, you'll spend a couple thousand dollars

and go with your family of four and food and all that, have a good time and come back up. If you wanna go to a key West, if you wanna go to Cuba, if you wanna go to the Caribbean, if you wanna go to Europe, your eight hours away, if you wanna go to New York, your 20 half hours away, if you wanna go to, you know,

you got so many different sports. They got all the sports in. You got Marlins, you got the Heat, you got the, they got all sports, right? Obviously, it's not the craziest time today with sports. When the LeBron was here, they were doing well. When Dan Moreno was here, different story, we haven't had anything crazy going on with sports.

Here's what you mean, last year, that he went to the finals. Tampa Bay Lightning on a stand-up. I don't know if it's like, I don't know if I would put, you know, like the level of excitement of L.A. or, you know, nets or some more stuff. Oh, you're spoiled out now, L.A. You're winning, it is what it is. It is being champion-chipped. You wanna, you were at the World Series. I mean, nets or some more stuff. You're spoiled out now, LA. You're winning.

It is what it is. It is what it is. You want to, you were at the World Series. I mean, it is what it is. Dodgers went and it's a place right now where just yesterday, I had a call with our buddy Tim. And he was whispering to me about, you know, how Goldman is moving one of their divisions here.

We already know that that's public. You know, Peter saying, you know, some of these stories that have already come out tons of them. But there is another one that's way, way bigger than Goldman that is moving out to South Florida, that it's 100% that have announced that they're coming out. You're gonna hear about next couple of days. It's more and more that are making the move out of Florida.

Well, you're not gonna announce it. I cannot announce it because, you know, anyways. So there's more and more people that are making the move in South Florida, that's taking place place but heat, you'll experience heat, humidity and hurricane when it comes. And when it happens, I'll let you know how it goes because I've been through wars, I've been through bombing, I've been through tornado, I've been through earthquakes, many of them. And I guess the next one is I have to kind of have the trifecta. I can't maybe not have trifecta. Let me tell you the point of fact. Just missed out on the snowstorm though. Well, let me just say oneecta, I can't be. Maybe not a trifecta. Let me tell you. It's a pointy factor. We just missed out on the snowstorm though.

Yeah, Dallas. Yeah. Well, let me just say one thing, because I don't know if you've been ever for a hurricane season. I look at a hurricane season in Florida versus whatever the hell goes on in California, wild fires and earthquakes and mudslides. I'll take my month of hurricanes before, you know, it's like a guy you fight and a guy says, in about five seconds, I'm going to punch you in the face. like it's like a guy you fight and a guy says, and about five

seconds, I'm going to punch you into face. And it's going to be tough. So you got five seconds to move. Okay, versus the guy punches you into face. Okay. Earthquake doesn't give you the warning. No. Hurricanes tells you in five seconds. Give me five days. What do you want to do? Yeah, exactly. You know, you may want to lead. So, and it was next question we got here, five dollars from GTRA23PAD. How do you see the chance of Texas separating from the United States? And what's your taking all this massive migration coming to the following states? You know, yesterday I was being interviewed by Nomad Capillus, the guy named Andrew, who

is living in a hundred different countries, and he teaches people how to have dual citizenship and he owns properties in five different countries, is what he does. He's all about leave America because there's better places to live than America. He asked me a question, he says, are you an America fan? I said die hard. He says, tell me what you mean by that.

I said, I may die hard America fan of what it was founded on. America to me is the values of principles, which is what freedom of speech, freedom of what, freedom of speech, freedom of assembly, freedom of religion, freedom of your second amendment, free enterprise, that stuff. The moment that changes, it's no longer America to me. It's a complete different name to me.

So the moment certain states, and what California is experiencing right now, as well as New York, when you're 20 years old, guess where you wanna live. You wanna live in LA. You want to live in, well, you live in Miami party and in Miami it's probably going to be better than party in an LA quite frankly, if you think about it.

Miami party is pretty legit. But when you're younger, you're like, I'm in LA, Hollywood, I'm in New York City, all this stuff. And then you start kind of making money and you start having a family and you start kind of saying, wow, I just don't know if these are some of the things that I want to be around I want to kind of have a little bit more flexibility and freedom. Then he started looking and then if America goes into tipping point and they really start pushing around

the populace I just think it would be Like you know how with business when you see somebody that's totally screwing up like sears of screwing up You're leaving an opportunity. Okay, for others to come in. When you saw Blockbuster royally getting arrogant as an $8 billion company screwing up with the late fees, remember how annoying it was with Blockbuster? Dude, just, why pay, take it off. No, I said I'm paying you 30 bucks for this movie to buy brand new is 50 bucks. Wave the damn late fee, put a limit of the value of the DVD, no, I'm not gonna be doing it, you're 30 bucks.

After doing that to tens of thousands of people, you're like, you know what, I'm sorry, I just can't stand the way you treat customers. I'm mad at you, now there's only one left and we interview the manager, the one blockbuster, that's left. I don't know where it's at, Seattle or Washington or some like that.

I think today there's a great opportunity for a handful of countries to become a second option. I think today's a great opportunity for a handful of countries to say, you know what, we kinda see America that's been what everybody wanted to be like. What if we see the mistakes America's made and we give that safety to people to come over here?

What if we change it up, okay. What if we change it up? Okay, what if we change it up? How many people are going to move? Not many. But all it takes is a couple people that move influential. And then if and only if America royally gets cocky, arrogant, ego-tistical, kind of like the city of Detroit went from 200,000 people to 1.8 and next thing, you know, the municipalities, the city employs the government, people started kind of pushing people around.

If Ford said, listen, forget about it, you're right, we're out of here. People started leaving. They went from 1.8 million people living in New York City, richest city in the world to, you know, 700,000 people living there today. If you call 9-1-1, I don't know if we covered this on the last podcast, if you call 9-1-1 in Detroit City today, it's the poorest city, and it's the most dangerous city to live in America today. Today, poorest and most dangerous, lowest, it's the worst city today based on economical freedom

and safety, right? You call 911 today, do you know how long it takes for cops to show up? 59 minutes, let me say this one more time. If you dial 911, it takes more than 50 minutes for cops to show up if you call 911 today. You call them, you tell them, Kai said this in the room. You call them, you tell them, I'm about to rob the bank.

You go rob the bank, it takes you 20 minutes to do it. You leave and they still haven't shown up, right? So what does this mean with America? If America gets to cock and arrogance, start pushing people around, I think people will be looking at go-nels where if you look a lot of people are you from I'm Irish they're family left Ireland to come here where you from I'm Jewish okay your family left Israel where you from Norway your family left where you from Mexico my foot Iran

where you so if people from other countries are willing to move to a country like this people will be eventually forced to leave America if America gets too cocky. You guys have any opposing opinions on what I just said. I know you want to say like, Merkel was a... I just look, obviously we're all very pro-American and we love it here. But you know, it's easy to say, well, you know, just leave America. Oh, I'll just leave America. But where are you actually going?

Did you hear what I said earlier? Yeah, okay. What did I say? Regarding what? I said if, same way, blockbuster lost people, this is a great opportunity to be a Netflix. I agree with you. So a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a, a a can't believe exactly okay so reica that but not canada no i'm not saying now but i'm saying they could they could be i know a lot of people that moved to coast to reica do by is a place that's attracting a lot of people now living there's a

different kind of a lifestyle so you can have to ask about the pool of talent the benefits of talent so the guy's me question he says you know he he was in somewhere in central amer America, where he was at, at the country he was staying at. I said, so, he says, would you consider, as a certain industry could do that, not all industries could do that. Like, he's a guy that does online courses, things like that, you can live where, anywhere, engineers, anywhere, coders, anywhere,

certain industries, you can't go anywhere. So, the challenge would be, the only challenge when I processes it is what? Pull, pull of talent. But if you have a place, I tell you right now, if we had a country, I'm telling you right now, if we had a country right now, somehow somewhere we got 10 million people and we got a good amount of land right now, decent weather, some natural resources, watch what we would do to that country 20 years later. I'm telling you right now, if we had a country right now

with 10 million people, decent natural resources, some land, give us 20 years. Look what we would do to our citizens. Look how much they would love living what we live. Look the kind of foundation and the values and principles we will build that country. And look what kind of people would want to live with us. And you know what we would do?

We wouldn't allow to everybody to come in. It wouldn't be one of those situations where it's like a, it would be by invitation, just like, you know, if you want to be part of Clubhouse, what did they do? You have to be invited, okay? Back in the days, a lot of these social media platforms, you have to be what? You have to be invited.

It'd be a similar thing, okay? You're gonna say, Pat, I think we gotta let Keith in here. Tell me about Keith, dude, we're gonna love Keith. Let me just, what are you talking about, or have I ever brought anybody? Okay, cool. Bring Keith in. I think there would be an element of that

that we could build a country with. And by only. Yeah, that was the origination of Facebook, remember that? It was college by college, and you had to be student at that college. And those are the emails that you had. So I agree. I don't see a valid viable option to today.

There are some Singapore, New Zealand, there are some. Singapore is an option. New Zealand is an option. And quite frankly, those would probably at the top five of places you would look at. Costa Rica is an, when I went to Panama City, Panama, not Panama City, like Spinickers or, you know, Club of Ila, I'm talking Panama City. Panama next to the Nicaragua. Yes, when I went to Panama City, Panama, not Panama City like spinikers or, you know, club of evil, I'm talking Panama City.

Panama next to Neckaragua. Yes, when I went to Panama City and I played poker with the senator, I'm sitting there with them and I say, so where are you from? Oh, I'm from Dallas. Oh, very cool. You vacation, you're often?

He says, no, I've been living here for 11 years. I said, why'd you leave? So do you know the regulations here? Unemployment here is 2.3%, they leave you alone, you can do anything here. Have you looked at the real estate in Panama? How do I go to Panama and type in Panama real estate? Panama City Panama real estate, like buildings.

So the buildings are ridiculous. Buildings, you gotta put buildings, right? Panama City buildings, yeah, buildings. I hope it goes to the right Panama City. Put images like right there. Like, you ever seen anything like that in US the FNF tower I've never seen anything like this in US, right? You you you look at some of the right there cook on that one right there luxury real estate Look at that. You know, you see some of the most beautiful stuff now obviously I'm seeing stuff like this in Miami

But he says have you seen what we're doing in Panama City the The next guy, where are you from? Chicago, how long you come here? I've been living here for 10 years. So that gave a glimpse, and I was 10 years ago. That gave me a glimpse that people are considering moving to other countries from the US. No doubt. And I don't know. A lot of people, especially people in South Florida that end up in Costa Rica, what have you.

I guess my point was, yeah, little pockets here go to Costa Rica, little, you know, maybe you go to a little Panama, like little tiny countries, maybe you end up in New Zealand, I guess my macro question is, what country is gonna supplant America? I just don't see one right now.

And I'm not being a cocky American, like, oh, you can't compete with America. I just, like Paul Jocelyn said, Canada, I don't compete with America. I just like Paul Jocelyn said Canada. I don't know if he was joking or not. Go check out the weather in Canada nine months out of the year. Good luck over there. So I'm just saying, you want to go to China?

Have fun in China. Check it out in Michigan. Or, you know, well, that's what you can move from Michigan. But wait a minute. No, no, no, wait a minute. Let me ask you this. What was the richest city in the world in 1950s? Motown, baby.

What was the temperature in Motown? 80 degrees year round. Do you know the temperature in Motown? Well, that was because of Thomas Ford and, you know, the industrial revolution and making the cars and more. Or is you just brother Henry Ford? I mean, Thomas, I was thinking of Thomas Edison, Henry Ford. You just, Thomas Ford.

Nikola Ford, right? He was a good guy in the, but Thomas Edison there Ford. You just, Thomas Ford. Nicola Ford, right? Nicola Ford. I think Thomas Edison there. But put them together. But the point, you just made what I'm trying to make a point is one man changed a city. One. It didn't take 50. It didn't take 100.

One person changed the city forever. Ford came in, created jobs, everybody moved in. Other automakers went there. Motown came out of there. Michael Jackson, Diana Ross, all of those names of who came out, meaning the record to sign them. All of that is from Motown, Detroit. They call it the Paris of the West, a Paris of the Midwest, Detroit.

So, and weather sucked there. It's not about the weather. Don't get me wrong. I give credit to California, weather's got to be the Miami weather. Totally. I get it. Weather's very important. I'm not going to go. I was about to move to Naperville, Chicago. A friend of mine, Jeff had a place. I was going to go. I wanted to run with the guy for a couple of decades, right? But I'm like, yeah, I'm good. I'm much better being an LA or much better being an Florida, but that's my preference. But if it comes down to it and they force, people would rather follow a leader

an environment that gives you safety and freedom, and they'll give up a little bit of weather, they'll give up a little bit of other things to have freedom. There's nothing in your life that's more important to you than freedom. Nothing. When you have it, you don other things to have freedom. There's nothing in your life that's more important to you than freedom. Nothing. When you have it, you don't know you have it.

You know how, when your body is doing well, you don't think about any potential pain. Then you start having back pain. And in which you say, I'll give anything to get rid of this back pain. Then you get COVID. You're throwing up all over the place. And to do that, I'll give anything. I'll give anything to get rid of this, right? Yeah, when you have freedom,

you don't know you have it. People don't know they have freedom. They don't know. So, but when it's taken away, then you're going to say, there's no way in the world I can live like this for the rest of my life. I'm willing to go to a different place because I just want to be free. I just, listen, The chance of us getting there's less than 1% just so people know it's not a big chance. We're not putting, going to Vegas right now, betting $100,000 because you know, America's gonna go down.

But that 1% chance is a chance where you should have a hedge, you should hedge against it and have your own insurance policy and kiss things do happen. And can I clarify one of the thing Adam kind of made fun? When I was talking about Canada, I was talking more Vancouver, which a lot of Americans have been moving to and Montreal, they have been stealing business from Hollywood. A lot of productions are going to Canada

and doing that point. And so those were two of the examples. I was thinking of when I said Canada has a huge opportunity. They've already hounced on that opportunity and I could see them continue to grow. That's just my buy. It's just a very powerful point you just made with what's happening over there with

Austin even getting people business away from Hollywood. And by the way, Jack Hossel said, I'll donate five dollars if Adam isn't allowed to sink ever again. So I just want to make sure Jack said that's a jack I have to give you that shot. Hey, Tom, looks like you want to say something about this. No, I think I think I did, but you've covered it. So, okay. Pat, one counterpoint with that.

But is, aren't you, like the Detroit example? Because my dad's from Detroit and he ended up moving to Florida in the 60s. So I'm familiar with this. But aren't you sort of highlighting the beauty of America? It's like, well, if you're unhappy in that state, move to a different state. I mean, it's exactly what's playing out right now with California, New York, and why people are moving to Florida, Tennessee,

Texas. Isn't that sort of the point of America that, you know, states rights that certain states are screwing up, like you did an awesome video about is New York the next Detroit. You can move to a different state, right? You don't have to move to a different country. I just don't see the country. Yeah. But you serve America. Sure.

If federal government has more power than state level, the state didn't decide to get a $1.9 trillion stimulus, but that $1.9 trillion stimulus affects people living in any state, including South Dakota, that maybe wasn't affected by COVID, like a place like California was affected by. So yes, federally, you are still getting side effects of bad decisions being made at the top of the government. You will be affected by it. All I'm saying is this is a great time for another country to position themselves. When Rick Perry was coming to the state of California and he was saying, you've heard me say this, you're running a business, you're not happy, regulation come to Texas. Come to Texas.

Now, guess what I was doing today? The Santas is doing it. Guess who are the two the most hated governors in America today? Who are two of the most hated governors in America today? Who are two of the most hated governors in America? Cuomo and our friend in California, and the Senate is. Abbott and the Senate is. Absolutely. For recruiting your men.

The only reason Cuomo is, by the way, Cuomo, okay, Cuomo, you know what's next. If he doesn't resign, let's talk about Cuomo. If Cuomo doesn't resign, you know the whole story came out yesterday. So, well, first of all, he floored it with me. He touched my face. He did. He's a new story.

Haddock. He told me to eat the whole sausage. He told me to do this. He told me to do that with daughter sitting right next to him. Yesterday's story comes, he put his hand on my blouse and he groped my breast. Right. Another story that comes up. Okay.

You know what's next? You know what's next. Here's what's next. If Cuomo doesn't resign, they have 20 other stories. They're just sprinkling it. They're not putting all of it out. And they're telling, listen, do you not think a call behind closed doors is happening and the call goes somewhere like this with the people who have the real power.

Not Cuomo. Here's what the call sounds like. Andrew, it's time. There is no way in the world my dad would be to grave turn. I would never resign. Do you know what this means to my family's legacy? I would discipline. I get it, Andrew, but we have 10 more stories. And we have the story you don't want us to talk about. So each week we're going to put a new story until you're finally resigned. We're telling you resign. Now I'm not going to do it. Okay. Watch the news tomorrow. New story coming out. Enjoy your Thursday. You wake up.

A woman comes out another one, you know, saying that, that, that, that, that, that, that. He's like, ah, shit. Okay. Hey, Andrew. Yeah. So you ready to resign? No way. saying that oh shit hey uh... androle so we you ready to resign no way you're not gonna bully me i'm a new yorken you're not gonna do me my italian descent another story is gonna come out monday i can tell you

stories are gonna come out until the sky resigns and by the way it's not republicans doing it it's democrats do it to him i talk to ron kim new york state assemblyman who is part of the whole aoc camp and bernie sanders camp cannot stand quomo k for what he did with the old folks on the nurse nursing homes is what he did and kim is not crazy these are not crazy these are mainstream democrats these are level headed people

that freaks i'm talking to ron ron you know, listen, don't get me wrong. He's a socialist. Proud. He's a guy that's progressive. Yes. He's a guy that's on that side. But behind closed doors, he's getting pushed out nonstop. He is eventually going to get pushed out nonstop. If he doesn't resign, expect a story to come out every single week. That's my prediction. I may be wrong, but I think behind closed doors

There's 20 other stories that are waiting to come out once once every week until the guy finally says You know how it's gonna happen here's how it's gonna happen Mom's gonna call Chris is gonna call and you're gonna say look bro. I'm just telling you. I'm telling you right now It's time. Just do it bro. I don't care. I'm just telling you, I'm telling you right now. It's time. Just do it, bro. I don't care. I'm going to back you up, but you go out there and do it. Forget about it.

We've had a great life. We've done well for ourselves. These guys that are now trashing our family, daughter doesn't know my niece doesn't need to hear this. It's time. And he's going to say, what are you talking about? That, Mario, what is it? I get it, but this is a very unique situation.

It's enough. We got to do it, and I still have your back. I think that's what it could lead to. I hope it doesn't, but I think that's what it's going to lead to where he's going to have to resign. So, the two the most hated governors in America today are who Abbott and the Santas. Why? You know, when I talked to Ron Kim yesterday, he said something very interesting, and I was

like, why would you say that? He said, I don't think it's a good strategy to recruit citizens from other states to your state purely a based on the economy i'm like that's the whole idea what are you talking about people want to new york because you're recruiting people to economy and he said you made a comment which uh... and balu i can't wait to have run back again we had a great hour conversation in this course and there was a debate and banter where he's saying his status as well i know who you are of course i which, I can't wait to have Ron back again. We had a great hour conversation in this course,

and there was a debate and banter where he's saying his side is as well. I know who you are, of course I follow your stuff, but I gotta tell you, here's what I stand. You came in America, we both came here as immigrants, I'm 41, you're 42, my dad on a liquor store or grocery store after 10 years, they had to shut it down and all this other stuff,

and I said, okay, so you have personal experience. I said, you decided to go into business, I went into public. So you went into being an entrepreneur, I went to public. And he said, I don't think it's a good strategy to take people away from businesses. And then I said, what about the fact that a division of Goldman Sachs is leaving, Peter,

all this stuff is leaving. And he said, yeah, it's okay that financial people are, didn't say it's okay that financial people are leaving, but he's saying it's the financial folks that are leaving, but we're building our own tech hub like Silicon Valley and New York City. That's what's growing. If the financial people do what they do,

let them do what they do, but we're building a technology center like a hub, like a Silicon Valley in New York City. So, you know, it's interesting, but more power to dissent and abit, but imagine if now it's a country. Now imagine you're president and you go. And you have an accent, whatever part of the world you are.

Hey, this is president such and such. Okay, and you go on the media and you talk in 50 different media platforms, BBC, whatever, all these other places. Sky, Australia, all these places you talk. And you say Americans, I can't believe I'm saying this, but from a person who admires your country and what it was founded on, I am surprised on what has happened today to your country. Here's a country that was able to do in 200 years what China couldn't do in 2000 years. Here's a country that was able to do in 200 years what China couldn't do in 2000 years. Here's a country that was able to go from nothing just because of some

land. You became the most powerful country in the world. Here's a country that went from having this kind of a GDP to doing this kind of a GDP. Here's a country that gave Bertu Rockefeller, Franklin, Chase. You go through the list of great entrepreneurs, but unfortunately, we all know you're no longer the America you used to be. And if you're somebody that's looking at options, let me explain to you what we at our country are doing. We protect this, we protect that.

The five concerns that you may face as this, this, this, here's how we have protected your own term. And all I suggest is before you even think about moving to our country, I suggest you come here for vacation for three, four days and see how you like it. And we are given $500 tax credits. If you come here from America, come pay a visit to us and see if you like that.

If you do, we will love for you to consider to bring your talents and your resources to our country. At $300,000 deposits you bring to our country, we give you citizenship. And with the benefit of our citizenship, you get the following, boom, boom, boom, boom, boom. If that starts happening with another country recruiting people away from America

and that country has something to offer, it's gonna get very interesting, because you can run a business out of any country and you're zooming in. You can have people, you're running it from all over the place, you can zoom in, right? I got people working for us from Armenia,

we got people working for us from India, we got people working for us from Colombia, we got people all over the place, because they can work remotely. So if something like that were to happen, America could see somewhat of people being comfortable knowing that if America goes around direction have a second choice, I can go somewhere else. Would you secretly or even not so secretly, love to see that. I would secretly and publicly never want to see that. Ever, you don't want to see that.

Ever, in a billion years, I would never want to see that. Ever, zero, not even 0.01%. Ever want to see that happen. But you know what, I would love to see happen? I would love to see a country get to a point that they have the resources and the offer to get others to consider that you could leave. I'd love to have a country that's an option to where America realizes there is option to. When there is an option to, the country can bully to say you're not going anywhere. You know what Newsom said yesterday?

Newsom goes out and does a press conference for like, I don't know what it was at the Dodger Stadium. I don't know if you guys saw this or not, a couple days ago, we didn't put it here. Put Newsom best place to do business in America. He said, California is still the best place to do business in America. People said, what the hell is this guy talking about?

Is he smoking something? He's just tone deaf, is that what he is? He says, California is the best place to do business in America, just type in news, go to the news. Go to the state of the state address. Where's the news? Actually I can news some state address, you're not gonna get a kill, go.

Yeah, he said, there was a state of the state. Anyways, you have to really look through it and you would see best place to do business, search for best place, you know, there's a normal job, you know, you go. know, he said business, just type in business, put the keyword business. You know, it has the most innovation venture capital small business in the country. We will keep fostering every small and it's on the driver's GDP ever. So we build a special taxis right now.

So you're not on families, you're on some all businesses. You know, you're going to go with it. You're providing some business. You'll find it. If you keep looking for you, you'll find it. He says, California's the best place to do business. Where's the saying? The special mix of audacity, human capital and creativity founded in California means there's literally no better place to do business.

Audacity is a great word. It's the audacity of Sacramento to tax and regulate businesses. He uses, you know, it's our audacity to be entrepreneurs and stuff. You know anything about entrepreneurs. You got the audacity to be entrepreneurs and stuff. You know anything about entrepreneurs? You got the audacity to tax and regulate and chase them out. I mean, let's speak it. And look, he was talking about, we have the ability to create the California

for business and jobs and everything. You know what he sounds like? He sounds like Tennessee, right? We have the ability to build this. Wait, you did build it. You were the golden state. You were, you know,ia put the man on the moon yeah you you you've fumbled the opportunity

we have the opportunity to create this what's with the vision somebody told him hey your speech is got a vision lot of vision lot of vision you know you have to be positive you gotta be assertive you have to show leadership and vision and then everything you say now is going to you're going to get me to death this guy already is one point nine recall votes and they say 30% of them are from moderate Democrats. And what did Yahoo News say? What did Yahoo News say about him and Florida?

Oh yeah, that closer inspection, California actually did better than Florida did on the COVID thing. And then Yahoo News picks up like two sets of stats to put in there that did show a reflection. But what are they really doing? It's Yahoo News and liberal media supporting their guy. The guy that wears their jersey, you know, and I'm trying to pick on Florida and to Santa's a little bit because he wears the other jersey. I'm not sure if you understand though, Tom, because Francisco and Fresno, he

received $5,000 to reopen his pastry business after being close for six months. I mean, he's, he's good. Oh, sarcasm guys. By the way, what Kai just read knew some actually said that. Are you cringing? Is anybody else cringing? Oh, that's why he said it. That's why it's so pathetic.

You know, when I was looking at some like you got to be, he said this two days ago, and I'm like, oh my god, that's a case example of how businesses are. He's trying to say, what a great, do you know how many, we are still 25 to 30% in the state of California? I cannot tell you how many, yesterday I had a call with a couple that, Chris and Mary, how to call with them.

You know the call I had, Sam, we were setting up Chris and Mary, the zoom I was doing, and I'm talking to them, they're from San Diego. They've been there their entire lives. They love San Diego. They don't want to go anywhere else. They've never lived any worlds.

You know what she said? She said, I'm worried. They have, I think, seven kids. I'm worried. Seven kids. I said, why are you worried? Because I've never lived in another place. I've never moved to another place.

I don't know where to go. This is all I know. And I said, I totally understand. I said, for me, it's not a big deal because I lived in Iran. I lived in place. I don't know where to go. This is all I know. And I said, I totally understand. I said, for me, it's not a big deal because I lived in Iran. I lived in Germany. I lived in LA. I lived in South Carolina. I lived in Kentucky.

Tennessee. Dallas, Florida. I'm good because if you push me out, I'm going to another place. I love America. I fight to make sure these freedoms stay put because I don't want to go anywhere else. I would like to stay to stay in this great, I served in this country's army. I love this place, right? What's the point there?

Collins, but we can't stay here longer because California is just constantly challenging us, constantly making the difficult. The other day, I'm driving on the freeway and I see a guy who's changing his tire. I see a CHP given him a ticket. I can't say anything. Just go through all these stories that he's telling me here and you got a new sum going out there telling a story about California's the best place to do business. The reason why the Santas and Abbott are winning is because of ludicrous stupid statements being made by a guy like that in the state of California. That's why the Santas and Abbott are winning on paper with business, with small business

owners. A guy like that is being destroying small businesses and is thinking there's no way people, the pompous, the arrogance, no one will leave California. Nobody will leave California. Look, we've been around the block. What happens to arrogant people? What happens to them eventually? You can't go around walking around thinking your infamous

and somebody cannot, you know, you're so powerful that somebody cannot touch, knock you out. Nobody is untouchable. Nobody is untouchable. Nobody is untouchable. Nobody is untouchable. And that includes the city, California. Anyways, even Elon Musk is untouchable. Nobody is untouchable. And that includes the city of California. Anyways, even Elon Musk is untouchable. Elon Musk is not untouchable.

This is why I brought it up in the last podcast saying Elon Musk could be the target of the federal government and Twitter because he's becoming too powerful. They don't like one individual getting too powerful. If he becomes too powerful, you said 37%. What was the number 37% where we at here? Let's just go to it. 37% of Kai, am I missing the story here? Or where is it at? Let me see, okay.

First of all, he lost $25 billion. Is it page one? 37% Americans in a recent online survey say they've made trades based on Elon Musk's tweet. That's out of 30,400 responders. They said, yes, we responded to his tweets and we invested in what he did. 16% said that invested many time based on Tesla CEO's tweets. Nearly half of a responder said they found Musk's market moving tweets quite amusing.

In August 2018, Musk got himself in trouble with the US Securities and Exchange Commission after tweeting about taking Tesla private said he had funding secured recently his tweets about game stop had drawn the ira bill grows who made an ill-time bed against game stop in generating cause them to lose much fifteen million dollars at one point muskets a little devil and he enjoys playing these games grow set about him last month so you know you guys like him got to be a little bit careful but i'm but why don't we go into the story that you want us to go into,

which is a SpaceX story. Okay. Elon Musk's SpaceX now owns about a third of all active satellites in the US. SpaceX created a swarm of about a thousand satellites that is circulating about 340 miles overhead for some early customers of $99 a month, Starlink service to satellites are already moving, already improving.

Hyrule communities access internet. More Starlink satellites were put in orbit last year than had been launched by all the rocket providers in the world in 2019. That is insane. SpaceX has promised its satellite clusters will bring cheap high-speed internet to the masses by beaming data to every corner on the globe. The company now sets it as roughly 10,000 customers, which proves that Starlink is no longer theoretical and experimental.

Phyrooptics based internet providers are against hit and are pushing back against the federal government's decision to award SpaceX nearly $900 million in subsidies. Tom, thoughts? There is always a mission behind the mission for Elon Musk. I did a case study two years ago and I said that I thought Tesla was an energy company. And now everybody's coming, guess what? Popular media and press are getting behind that. And I pointed out I said, look, the infrastructure to charge Tesla is going to become an industry

and it's valuable into itself, the power wall and everything they've done, especially mean they'll get high energy cost states like Hawaii. Here's what I think is happening here. SpaceX. Oh, he wants to send somebody to Mars. Oh, he wants to make money launching things for other people. No, it's a communications company. Just like Tesla is's energy company underneath,

I think SpaceX, a communication company underneath. He is passionate about education, and he is passionate about communication. I think that's what's under SpaceX. That's what I think is going on. Telecommunications. That's behind the scenes what's going on here. Yep, look, he's building a network.

He wants to have free education out there for the average person. He's free education out there for the average person. He's got a big heart for the average person living in a rural community that have connectivity to the internet and the education background do that. That's what I think is going on. So he's, here's my question to you as a business owner. This is the part that's stuck to me.

Obviously, it's ridiculous. The one third of all satellites in space is from Elon Musk. Like, what? Here's my question to you as a business owner. It says, must noted in a tweet that the company needs to quote unquote pass through a deep chasm of negative cash flow over the next year or so to make Starlink financially viable. From a business owner, what does that mean? That you need to spend money in order to make money?

What's your take on that specific sentence? It's nothing new. That happens to a lot of people. I mean, I'm a startup and I'm going to build through it. That's not even a, it's a no-brainer. He has to do that. It's a normal concept for where he's at. It's what people have to go through with him in Tesla.

It's what people have to go through with Amazon and Bezos. It's what people have to go through. That's been around for a while. And here you're not betting on the company. You're betting on Elon to be able to pull this off. So explain that a little bit further. When you say, oh, it's a common thing, and that's why I kind of set you up for this.

What does that mean exactly? So when you're starting a business, you understand that you're gonna take some deep losses. You need to invest, and you're gonna lose millions or invest millions in order to come out on the other side, three to five years later to make 10 million, 100 million, whatever the number like. What's that business model?

How many times have you seen one of the rockets he launches it back explode? How many times have you seen it now? You've seen it a few times. How many times is it? Like seriously, we've seen it many times, right? What's the big deal nowadays? Nothing.

And do you see how he handles it? Let me get to straight. You run a company that, you know, sends rockets into space and failing is what. Part of the process. An explosion. And he says, yeah, okay, all right, next one. It's not like stay under the world. This guy's got rockets exploding left and right and he's just like going off to the next one because in his mind is like, I'm going to figure this thing out. You ain't got to worry about it. I'm gonna figure this thing out.

My only concern is go back to a time where one individual has had as much power and influence as he does and their name wasn't starting with a president. Tell me the last time an individual had more power and influence, more power and influence than Elon Musk does today, and their name didn't start with president. Tell me what's the rock and fell.

John D. Rock and fell. I disagree. I fully disagree with you guys. Because you didn't have the power of Twitter. Guys, there is no social media with Rockefeller. What are you talking about? Rockefeller would write a story, took you two weeks to read about it.

He would send a tweet, it took a month to find out about it. China didn't find out about what Rockefeller said for two months, how you gonna find out about the news? There's no way to send it to you. This guy says something, boom, like this. People go on short-trade, each trade, their website, markets, and they buy stocks, and they go on Robin Hood.

So when we are officially at a phase where individuals can have more power than countries and this guy is getting to a point right now who has more influence right now for people to take action. If Joe Biden tweets tomorrow, go buy Walmart stock. How many people buy it? Maybe like four. Now everybody shorts it.

If Elon Musk is tomorrow, if Joe Biden says tomorrow, hey, you know what, here's what I think about Dogecoin. And we're like, dude, you know what, here's what I think about Dogecoin. And we're like, dude, you don't know who sends his tweet. Like, can you, we want to know the staffer. But if, he would call it doggy coin and he would actually call Walmart came art. So let's remember, we're talking about that. That's a good point.

But if this guy goes out there and sends a tweet, who responds to it? The entire world stops. Apparently 37% of Americans are making trades based on Elon Musk's date. That concern that we're about to find out how, how, you know, there was a book written just with all of Trump's tweets. It's a book. You go by the book. It's all of his tweets in a book, and it was a bestseller. It's a book with his tweets, okay? And it explains

the timing of the tweets. Trump was able to get world's attention with his tweets, okay? And it explains the timing of the tweets. Trump was able to get world's attention with one platform, okay? Now some may say this guy's taking it to a whole different level, Elon Musk, to kind of influence that he's having right now, because if you think about Trump's influence wasn't go by real estate in New York, Trump's influence wasn't go by this stock.

That wasn't Trump's influence. Trump wrote a book called, what, Art of the Deal, right? And it did very well and best seller for many, many years. Trump had a TV show. Trump was entertaining. Trump was making money. Trump was doing all that stuff. But Trump wasn't telling you where to go invest your money. Trump wasn't go. Trump played a political game. He put a one-page ad and you know, President Bush going to war, not the right decision. And he put that. I don't know what newspaper was in New York Times or Wall Street Journal he put in one of those he played for a long this time he was involved in politics this guy's influencing other industries so

we're about to learn what happens to an individual who has this much power in recent he comes out saying he sports free education but not the kind of free education of fifty thousand000 to discount it. He gives $5 million to Khan Academy. A generous $5 million donation to Khan Academy. Khan Academy, I think he started a YouTube channel helping us niece or something. Do homework, simple story. Now he supports free education, but not free education as in scholarships.

Free education as in you could go to a YouTube channel and take geometry. You can go to this one place and learn about the history of this. You can go to this one place for free and learn about coding. He is, he is hurting a lot of industries. He is hurting a lot of companies. He is taking business away from a lot of powerful people. And I'm just wondering at what point is there gonna be a meeting behind closed doors of all the people that he's putting to work. There's nothing more annoying than your somebody that's making 10 million every year.

And you've been kicking back for 15 years golf in seven days a week. You just chill in, you go to the restaurants, Mr. whatever your last name is. And then all of a sudden a guy shows up where you have to get back to work and you haven't worked for 20 years People don't like people like that behind closed doors. Those people are hated

I have a bit of an experience in that myself personally. Elon's taking that to hold it from level He is hated because he's putting a lot of his competitors back to work of having to show up to office early again Because he's not stopping so, how long will this last? I have no idea. I have no idea. So, there's a salicy guess I'm an opinion on that. Okay, so what do you think? Oh, I say one of the two.

You think there's a simulation between Reed Hastings and Elon Musk in the sense that they kind of, they disrupted big industries and blaze the path. No, read hastings is not Elon Musk. Read hastings is just a guy that destroyed, you know, hurt an industry. Where how many the Grammy Awards went to Netflix? What, the 17, I don't know what it was. The number was just ridiculous, right?

And where a, or Jervais, what's it then? Ricky Jervais goes up and says, you know, forget about who are you guys. You guys are nobody everybody's calling netflix and he said if the uh... uh... uh... what did he say if the ice is was to come out with a new streaming service you would be calling your agent to say get me on the streaming service to get a contract with them right meaning you're selling your soul to anybody so no what netflix did is one industry he's not doing one industry he is not touching one industry he He's touching five, 10, 15, 20 industries.

He is going to collectively piss off a lot of people. And those people that he pisses off, their expertise is to have paid off a politician in the back where no one knows about. And those politicians own, oh, those people a lot of favors. And I don't know what's going to happen. Honestly, I don't know what angle they're going to take with them. Well, what's really interesting, you bring a lot of favors. And I don't know what's gonna happen, I honestly, I don't know what angle they're gonna take with them.

Well, it's really interesting, you bring something very interesting, and I think we have to peel it back a little bit and take a look. Both SpaceX and Tesla have something in common. They have federal subsidies on their products. And so you got the $500 million. Correct, SpaceX, that's right. SpaceX, billion dollars isn't a big number from the government, but that's very, very real.

And so the rural education play and the satellite play for rural internet has got a billion dollars of subsidies. Meanwhile, you got these guys time-worn or people like that Verizon putting fiber optics in the ground or getting really pissed off by that. And as we all know, there's still, you know, what, $15,000 of federal subsidies in every electric vehicle. So you know, when you add up the000 of federal subsidies in every electric vehicle. So, you know, when you add up the battery and all the parts and everything that goes in it, and actually the end price. And so, there's a lot of government that is lined up in the US with

Elon. And so, the question is, does the lobbying go the other way and have it shift? And that's what I look for. I look for, when does Elon start to lose the support of the government in the form of these subsidies because he's got some friends somewhere. And they're helping it. Who has some friends somewhere? Elon, they're given subsidies from the government. Somebody's, somebody's from a part of a meeting

that says, hey, you know what, here you go. You know who are the scariest people I've ever competed against? You know what people, I actually fear when it comes on to competition. People who have a... The regulated people who have connections in the government.

No, I'm gonna tell you, the scariest people you'll ever face in your lifetime, that could ruin you and are willing to do whatever they can to hurt you, is lazy, ambitious people. Yeah, yeah. Lazy, ambitious people are the most dangerous people you'll ever go up against. Cause they're lazy, but they're ambitious.

They're not willing to do the work that you're doing to get the success you're getting, but they still have your level of ambition if not higher. Lazy ambitious people are great manipulators and game players, phenomenal at it. So, meaning what? How many people does Elon face today who are lazy ambitious people? Who are at one point somebody 20, 30 years ago or 15 years ago who are now ambitious still, are at one point somebody 20 30 years ago or 15 years ago who are now ambitious still but very lazy how many 10 described most of the auto industry I just described most of the auto industry I just described most of politicians I just described

most of the people that are in the financial industry I just described a lot of people who made their money they just don't want to get to work his number one enemy is not the SCC it's lazy ambitious people the lazy ambitious people are who are the ones that are going to to work. His number one enemy is not the SEC. It's a lazy, ambitious people. The lazy, ambitious people are who are the ones that are going to make his life a living kill. You know what's the crazy thing about lazy, ambitious people? You rarely know. They started, but they know and say, oh, he did it. That's the secret source of lazy, ambitious people. I don't know if that made sense or not. So they go behind closed doors and they know how to do. Did you hear about what that person said about you?

Oh, look, I got, let me tell you what I did. I defended you. I got a call from a guy saying, hey, the other day I was just placed and they said, this about you. But let me, I said, I said, first of all, why are they so comfortable to talk smack about me in front of you?

The whole line that Jay's using in his song, why are they so comfortable to talk smack about me in front of you? Maybe you gave him that comfort that it can talk smack about me in front of you. So maybe you joined the club of let me have them trash our buddy here. So the lazy ambitious people behind closed doors, they know how to put the thing together and they say, you know what he said about you? And they're like, I did it.

Responsibilities off them. So they still stay close allies and they put it on him, but they started a whole thing. He's giving birth to a lot of people like that. And because, okay, do you think they're gonna let this guy be worth the trillion dollars in the next five years? Do you think, to the point where he says this, okay, you don't want to give me the subsidies of 900 million? I don't care, I got 900 million. Don't give me the subsidies.

I'm worth the trillion dollars. Then all of a sudden they're gonna say, oh shit, he no longer needs us. You know what? Boom, lock them in. People like Elon Musk, typically, the lazy, ambitious people get very scared of people like Elon, because Elon doesn't know how to what,

how to stop. He's not going to stop. He's not trying to be a billionaire to live in a big-ass house. That comes with it. He's not trying to go date all the hot girls. He's not going to stop. He's not trying to be a billionaire to live in a big-ass house. That comes with it. He's not trying to go date all the hot girls. He's already had a plenty of everybody wants to find out what this guy's like. He's not trying to go have dinner with the cool people. He's done it so many times. He wants to change the world. World-changer scared a hell out of lazy ambitious people. There's not so many people at this level. There's

some of the most, remember how the same way I said lazy ambitious people are the people you fear because they know how to be high closers around the game. You know who lazy ambitious people fear the most, ten times more. Hard working ambitious people. They're frightened and envious of Elon Musk's type of people. Envious because they have that moxie that they go to sleep every night saying, I actually think this guy's going to pull it off and what if he pulls it off and everybody's going to realize that I was wrong

and I'm going to lose face and I'm going to do this. I can't let that happen. Let me see what I'm going to do. They go to sleep all night long to try and stop that person. World guess who the world favors by the way. The world favor. Guess who history favors. The you're

saying not the most history favors the bold baby. History favors the bold. That's Elon Musk. History favors the bold. That's why we keep giving birth to new Elon Musk. So do it. More power to you. Go do it. Just a hope he doesn't get a little out of control where he creates enemies that he doesn't need to create. gonna create enemies just don't create the enemies that are unnecessary enemies to create speaking of birth of Elon Musk I do you know how many kids he has five you know that yeah okay do you know the the the breakdown of the kids the thing with the first one was four uh what was it huh yeah here's a little

fun fact you said birth he's got now he has six kids now. Okay. He had, he lost his first kid. I believe it was his first. Never wants to talk about it. Yeah. Yeah. He had, he has two twin boys. Yep. Then he had triplets. So five boys and now he has a six boy with the musician Grimes that he named the kid some eight X AE whatever. But do you know one of the triplets names, the youngest triplet, or the youngest triplet? Nicola, what is it? Kai. Ah, that's cool.

Kai, did you know that? You didn't know that. They don't go. You are, you could be the son of Elon Musk. It's that it could be. Maybe he is. Maybe he is. We just don't know about that.

Yeah, yeah, yeah. Maybe he's been planted here to support him. Well, anyway, I thought that was very interesting. All boys, twins, triplets, and now a kid from outer space. I like what you just did. It's like when I talk to T.C. O'Neal and sometimes, I'm like, guys, let me tell you about the history of what happened here. Dad, you don't mind craft, how many different things you can build.

We just got to, we just went to a different direction. So what you're not worried about, it sounds like. Because you think everything's gonna be okay with Elon, no one's gonna bother him. Delazzy, ambitious, army's not gonna unite in good luck. No, I, I, I look, there's a reason here why we've got, you know, 10 pages of stories, whatever. And four of the pages are about Elon fricking musk.

The guys of Financial Rockstar and and he's otherworldly, and even his newborn baby is named after a solar system, or something. How much money do you need to live comfortably in every state in America today? Kai, you wanna pull up the story. The median necessary living wage across the country right now is 67,690.

However, here are the top three states and the bottom three states. The bottom three states, which one are you going to, the top three states and the bottom three states. The bottom three states, which one are you going to? The top three, the most expensive states to live in America, top three. Can you guess who it is? I'm curious enough that I can guess. Can you guess what is the most expensive state to live in America? Kai, I want you to give a tweet on the last one before we wrap up. That's what we're going to do with questions.

Not right now while I do this, we'll go to it. Can you take a walk, this was the most expensive state to live in America? Do you guys know what it is? Most expensive. You wanna take a walk, yes? What's take a walk, yes? What is the most expensive country to live in America? State.

State. That's Hawaii town. Okay, Hawaii's number one, you're right. Hawaii, not count. Hawaii is one. Okay, can you go a little lower, Kai? So we can see it as international. Go a little lower. Can you give me a little lower? Hawaii is one? Okay, can you go a little lower? Kai so we can see it as international go a little lower Can you give it a lower?

Hawaii is Hawaii is number one. Well, then I'll just say Hawaii is number one. Then it's California You need a hundred thirty six thousand dollars you're to live in Hawaii, okay? median okay, you need 99,971 to have a average decent lifestyle in California You need 95,000 in New York. You want the bottom three? Here we go. Mississippi is at the bottom.

You need 50,000. $58,000. You're gonna be getting the VIP section at Applebees and having incredible, incredible clam chowder soup with the chicken breast. Then after that is Arkansas. Place I've been, I've been to Arkansas. It's right next door to us. We've been there. I've had a good time with after that is Arkansas. Place I've been, I've been to Arkansas. It's right next door to us.

We've been there. I've had a good time with my friends in Arkansas. Third, lowest is Bama, Alabama. Roll tat, that's it, roll tat. Yeah, that's right. Next statement, Alabama is third. That's what it takes in America. Hawaii won, when we weren't Hawaii,

how many people keep coming to us saying, thank you so much for doing your trip here. Thank you so much for doing your trip here. Happy bringing commerce tips. It was unbelievable how grateful they were because home listens in Hawaii took a massive hit. It wasn't a pretty exciting Hawaii on what happened there. So it was exciting seeing there, but again folks, if you're thinking about going to Hawaii, make sure you're making over $136,000 before you make that move,

because you need $136,000 to live in Hawaii before we wrap up if you're going to. Can I say one thing? Yeah, go ahead. We're not knocking Hawaii. There's two reasons for that. No, we are knocking Hawaii. No, there's two reasons for it.

There's just two simple reasons for it, the quick. Energy is very expensive to make there, and it costs you a lot for energy. Number one, and number two, shipping cost. Everything is shipped to Hawaii, so you're not getting screwed in Hawaii on pricing. It's just the cost of bringing milk, food, all kinds of things to Hawaii. It's huge. So you're paying for shipping costs to get all that stuff to Hawaii, so you can enjoy the

island, and then making energy on the islands is very expensive. And that's the two reasons. When you add up those two things, that makes Hawaii very expensive. I think this is also a good kind of goes to show that raising a minimum wage, a flat minimum wage, doesn't make sense because it's quite different medium incomes that you need to live in Hawaii versus Alabama or Mississippi.

Very good point, Kai. How are they defining live comfortably? Because that's what this whole premise on. This is the money you need to live comfortably. Do they define what living comfortably means? Well, maybe it's not actual level. You know, like, you know, I know you have a bone in everybody every night and, you know, they're talking about normal people here.

By the way, just so everybody knows, I love Hawaii. And we just took 450 people to Hawaii. They treat us royally when we go to Hawaii. Let's do a shout out to the people that are working. Do a song. So the people that are working in Kaplani out wants you to live. And Hina, and especially the staff of the Hire Regency

and Maui, we do a shout out for them. They were just so hospitable, so pleasing, so glad for us to be there, and our guys tipped them out, took care of them, gave them a lot of encouragement, and just thank you to that whole side of Maui that entertained us. Agreed. Well, last story here, Kai,

did you come up with anything or no, any tweets that you want to bring up? If not, I'm going to go into the China story. Last story, China is behind a huge cyber attack of Microsoft. Microsoft is in the middle of a cyber attack, cyber crisis right now. Hackers target weaknesses in Microsoft X-ing service which is used by small and medium-sized companies. The tech allowed hackers to access the email accounts of at least 30,000 organizations in

the US and has affected hundreds of thousands of Microsoft customers around the world. Microsoft flat out said the hack came from a group tied to the Chinese government called Haffniyum. The Biden administration is launching an emergency task force to address this aggressive cyber attack, the second major hacking campaign to hit the US since the election as this comes on the heels of solar winds of separate series of sophisticated attacks attributed to Russia that breached about 100 U.S. companies and nine federal agencies. Tom, thoughts? We are living in a cold war now, and it's being fought in digital pipes. It's as simple as that.

And China and Russia are trying to assert themselves as the new duopoly of world power, and they're going after things that matter. And so if anybody doesn't think that we're in aopoly of world power and they're going after things that matter. And so if anybody doesn't think that we're in a cold war right now, they're not paying attention. We may not be putting pushing missiles in Germany to take down the Berlin Wall and things like that, but we are in the middle of a cold war and people need to pay attention to it. Yeah, we brought it up in the last podcast that I think was with Danielle, De Martino

Booth, and I said, look, we've been talking about China, we've been talking about China. At what point do we like, is the alarm bells are going to go off? Trump kind of signaled some of the alarms with the trade war, but that was more about soybeans than actual intellectual property, but the CCP, you know, they are, they are enemy number one. And we've addressed it, and I've kind of just hitting this home and hitting this home.

They are, this is enemy number one. And we talked about it last time that the problem in America right now is that we're fighting amongst ourselves and we have to rectify that, come to terms with that and start fighting against who our real enemy is enemies which is China coming after our Everything we got so yesterday I talked to the former director of CIA James Woolsey. I had a mom. Okay Big name back in the day big name back in the days He was hired by Bill Clinton. He was a director of CIA if you remember the

The one individual that we had was a former CIA agent of 31 years that turned against US and the SB&AGE. And what was the last name, Amit, or I can't think of his last name, and he turned against the US. And he was a director of CIA when that even took place. Okay, back in 1994, I wanna say February, when that came out and then it led to James, right there, Aldrich Ames,

is who was a former CIA agent that ended up becoming a KGB spy and helped out for them and shared a lot of intel with them, right? So we talk about different countries and he brought up China and he brought up Russia and we brought up, you know, a bunch of different things that we're talking about. I said, what's your biggest concern and threat that we have right now on how they can attack us?

Give me a creative way. He said the Electro Magnetic Pulse, EMP, right? It was the first time this was ever brought up in a debate was by Newt Gingrich. When in 2011, 2012 in a presidential debate they asked, what is the biggest threat that we should worry about? He said EMP Electro Magnetic Pulse and everyone was like, let me go to Google, what the hell is an EMP, right? So, look, you know, you notice two stories. Russia targets what? Twitter, China targets who?

Microsoft, okay. And what is the real long-term ramifications, control, threat, if somebody decides to, because what an EMP is, they drop it a mile above you, and it kind of explodes, but it's not a bomb, it's not anything, and all of a sudden it takes out all your electric powers, all the plants. Remember oceans 11? Yeah, exactly. With a small glimpse of it. Yeah, we're done Cheetos up there with that big old

yeah big battery and he covers up his manhood and the press is button that's an EMP it takes out all the electricity in the entire town of Las Vegas so this can take it out in the entire country if they want it to write EMP so remember how I said you, what can Russia really do to Twitter, if they really wanted to? Some of these empires, they're not held accountable to US. It's not like their accountability is to them.

What can they do and who can they blame? We're gonna pull them over again in a second. There's no cops on the earth. I think things are getting very interesting. I think things are getting very, very interesting. And by the way, none of this stuff is new. None of it is new on what's going on, but is it about to get to a level

where some crazy stuff's gonna happen where we're gonna get a real, real experience of what it is? Because what happens if we lose electricity for a month? Imagine you have no power. Then what happens? What kind of chaos? How long can it last?

How long is it sustainable? How long can the generators last? What happens once the generators are gone? What happens to the people that don't have generators? Who do they go to? What happens to the people that have generators? Do they keep it a secret? What happens?

How long before we recover from it? How long before we come back up from it? It's very, very interesting on what's happening today and what I'm trying to say to the listeners, I'm very optimistic about the future. Future looks very, very bright. Future looks very bright, but we're hoping that people will play nice

and they'll find a way to be diplomatic amongst each other and somehow, some way realize that at the end of the day, if you do something to another person, it can backfire in another way. And I'm hoping that's the one part that gets people to not go to the craziest routes of doing dumb things. Small things like Microsoft Twitter, maybe that can happen. I just hope it's not the level of retaliation with the retaliation. Keeps getting bigger and bigger and bigger and bigger and bigger. So anyways, it'll be interesting to see what happens here with Microsoft and Twitter. Look, I've really enjoyed today's podcast. We started at 8.30, we're gonna test it next week

to see if we start at 9 o'clock, what that looks like. I have a Zoom, I gotta jump on myself, we all got things we gotta do, but for those of you guys that were with us from the beginning to the end, much love to you. If you enjoyed, Tom being on with us today, let him know both on Twitter and let us know by smashing that subscribe button. Take care, everybody. Bye bye. Bye bye. Bye bye. Shout out to the biz doc being on the show. Bye bye.

Bye bye. Shout out to the BizDoc being on the show.