PBD Podcast - Libertarian Convention, Ashley Biden's Diary & Hochul's 'Clown' Comments | PBD Podcast | Ep. 415

Starting point is 00:00:00 . Okay, so hope you had a great weekend. We definitely had a lot of fun this weekend for Memorial Day and we had a couple unique experiences Senna turned eight years old. Eight years old. Yesterday celebration. It's been a birthday month for her every weekend we're talking about her birthday. But anyways, hope you had a good one. We've got a lot of stories to go through.

Starting point is 00:00:47 Trump shows up to Tim Pool's podcast as well as on what do you call it, the Libertarian Convention, which was great to see the fact that that is actually taking place now. The boos in the crowd and some of the other extracurricular activities we'll talk about. Libertarians announced their pick as their nominee, Chase Oliver as their presidential nominee. Apparently he's made some interesting comments in the past before, which we'll talk about here briefly. Governor Kathy Hockel slammed for calling Trump's New York supporters, you ready for

Starting point is 00:01:21 this? Clowns. I think she said it to Jake Tapper. Compared to Hillary's infamous basket of deplorables moment, we'll talk about that. Biden, according to Wall Street Journal folks, needs a little more empathy on the economy. Come on, folks. Democrats say they need a little bit more empathy. Hillary Clinton says she lost 2016 because women voters abandoned her. How dare you ladies abandoned Hillary Clinton shame the Forbes 2021 International woman of the year. How could you do that to her? They were with James James

Starting point is 00:01:54 James Carville calls Democratic message full of shit Israel airstrikes and Rapha kills dozens as Netanyahu acknowledges tragic Mistake our Gaza protests happening mostly at elite colleges? There's a very interesting chart that Tom sent everybody. We'll show you. It's very, very interesting to look at. Nearly 80% of Americans now view fast food, ready, as a luxury. Going to fast food restaurant is now a luxury.

Starting point is 00:02:22 Tesla CEO Elon Musk says he opposes EV tax incentives, tariffs on Chinese EVs. Wait till I show you some charts about what's going on with Chinese EVs and what they're selling it to compare to ours and why. What edge do they have over other people worldwide that they can sell? You know how we sell the Teslas, let's just say for $55,000? You know how we sell the Teslas, let's just say for $55,000? The company called BYD has an EV that they sell for $9,700. $9,700, and you've got to see why that is. And America's panicking, reason why Biden just put 100% tariff on China when they're bringing cars down here.

Starting point is 00:02:58 Anyway, there's more to talk about there. Next, George Lucas demolishes woke critics, calling his Star Wars films ready to white. Star Wars was too white. Caitlin Clark, Cameron Brink showcased one-ups Lebron James and the Lakers. Can you imagine the sparks had more people come to the game than the Lakers? Record breaking for the year, which we'll talk about. Buttigich can't explain why Biden has only built seven or eight EVs Charging stations Rob, maybe you got to get that video as well to show it because it's not yellow here Report frustrated illegal immigrants. This one's classic Lenny's favorite story out of everything. We got here today Frustrated illegal immigrants turn to ride-sharing apps after waiting for border patrol. This is not a joke.

Starting point is 00:03:45 This is an actual story by The Daily Caller. Dave Chappelle accuses Israel of genocide in Gaza in a stand-up. While mortgage rates are doomed to stay above 7% for the foreseeable future, the Fed probably won't be delivering any interest rate cuts this year that CNBC housing prices hit another record high as affordability crisis deepens and buy now pay later apparently by the end of summer according to Tom Tom may be treated as credit card companies and they do not like that and then there's a couple clips to respond to with Bill Mar going on Megan Kelly and Megan Kelly had some interesting questions to ask Bill and then Bill says, well maybe you haven't been doing enough research on

Starting point is 00:04:30 this topic here. It was very awkward but you have to see this clip. Anyways, before we get into it, it's the last week to compete for the Manette contest. If you go up to the Manette contest here, Lightweight is zooming a little bit. Rob, can you go to the other side that actually shows everybody where they're at? Zoom in a little bit for light weight. So we got all the way at the top, Dr. Cameron at 423. He took a massive lead over Davis Turber, Santino Testani, 229. Gary Woods is close by 8, Gary. Alex is at 202. KG Crypto was at number one, and a bunch of people came up and started competing. Then go to the next category, Rob,

Starting point is 00:05:03 if you can, for middleweight. Middleweight, we got Mr. Real Estate Fernando, first place 115. Michael Mara, 94. Rob is 81? Not far off. Rob could be first place, guys. Help Rob be first place.

Starting point is 00:05:17 Send him some questions, send him some love. Patasar, the AI guy, is at 75. Tomo's at 50. Wade, and then we got Rashid, and then go to the next one. This is for the dinner to have at Casa D'Angelo, and then the cigars. Dustin's first place dominating, Calvin Engie, Dr. Calvin Engie, 189th, then it's Cruz Coma, 185th, then it's Dennis Panev, Krishan, Ben Pappas, 71, Aaron Montt, 51, Matt Sapula, aka Sopala, 42, and even Mario Aguilar is their 10th place.

Starting point is 00:05:44 Let's go to home team. Vincent Oshana 857. Dominic. I love all of you. Patrick 615, Tom's 444, Adam 213. But Harriet, we hear you. Harriet, we love you. The fact that you've done many, many one hour calls with Adam and those should be counted.

Starting point is 00:06:02 In the next contest we will consider it. News. one hour calls with Adam and those should be counted. In the next contest we will consider it. News, Tyler Hoff 240, Terrell Hall 202, J.W. Estrada 194, Goran 172, and then go to the last one, look at this one here, Dustin 1164 questions. He's Maneked it 1164 times. Sir John is at 969, Ozzy 287, and then Kyle Starr. Anyways, if you haven't yet downloaded the app, Rob, if you want to go to some of the Manect QR codes, download the app, start asking questions and participating with different folks that what we have going on right now. There's a couple new guys that came on that are starting to get a lot of Manect. And by the way, it's exciting to see what's happening with this.

Starting point is 00:06:42 Most people don't even have any idea what we're doing internally with Manect on the different developments within the app. Tom and I had a meeting last night at the house. There's so many different investments we've made, but stay tuned. A lot of big things come in with Manect. I'll be making some major announcements this week of the guest at the vault conference, and you're not going to believe who's going to be at the vault conference. You haven't even told us.

Starting point is 00:07:02 That's not fair. The only person in this room knows is the person that's going to be handling the contract and that's Tom Ellsworth. Tommy, I want to know. We will be announcing who the guest at the vault will be and you will be blown away. We'll be texting back and forth. Yesterday, it's going to be exciting. All right, so let's get right into it.

Starting point is 00:07:16 Stories. Let's start off with the first story here. Libertarians pick Chase Oliver as presidential nominee now the question is prior to them announcing this Rob Can you can you do a poll how many of you have heard of chase Oliver before maybe you have maybe you have not? The Libertarian Party chooses chase chase Oliver known for his armed and gay identity and his role in the 2022 Georgia Senate runoff as their presidential nominee, rejecting appeals from Donald Trump and RFK Jr. Libertarians fear RFK Jr.'s historically high polling as a third party candidate could

Starting point is 00:07:53 significantly reduce their typical protest, vote share, jeopardizing ballot access in numerous states. Larry Sharp warned, we're going to lose ballot access in probably 22 states. Oliver emphasized his nationwide efforts to grow the party, making campaign stops in 50 Larry Sharpe warned, we're going to lose ballot access in probably 22 states. Oliver emphasized his nationwide efforts to grow the party, making campaign stops in 50 states, and engaging young voters, disillusioned by current issues like the Israel-Hamas war, immigration crisis, and cost of living. We've identified young people.

Starting point is 00:08:21 Those are young people that we're going to target, Oliver said. And by the way way President Trump was at The libertarian convention Rob Can you pull up one of the clips of him at the libertarian convention? Speaking and and and one of them that's boot and the other one would they cheer them which one is this Rob? This is where he says if Republicans and libertarians united they'd be unstoppable go ahead play this. Let's see what happens here. Well, if we unite, we are unstoppable. I will be a true friend to libertarians in the White House. Boo!

Starting point is 00:08:50 Boo! Handles it like a boss, though. Watch. And then do you have the other one? They're booing him, obviously, for that. They're like, no, we don't want to do that. And what other ones do you have? Which one's this, Rob?

Starting point is 00:09:00 This is where he gets the loudest applause of the evening, where he discusses pardoning the Silk Road founder. Okay, Ross Ulbrich. Go for it. And if you vote for me on day one, I will commute the sentence of Ross Ulbrich who was sent of time served. You're blocking my camera shot. Ross must put the signs down. Can't see anything. Thoughts on this year with them announcing this and then also covering President Trump's face for like 30 seconds. You know how much time I spent watching the Libertarian Convention?

Starting point is 00:09:38 Absolutely zero. Because I have a life. And as you've said before, the Libertarian Party has a pretty good product, horrible marketing. So they just nominated Chase. What's his last name? Oliver. Never heard of the guy. Maybe if you nominated John Oliver, I'd give a shit. Yeah. Go to his Wikipedia. Go to his Wikipedia. Rob his, uh, he's known for being armed and gay. I'll just add another thing. Armed, gay, irrelevant. We've had some opportunities to discuss libertarians. The debate you did, the panel you did with Dave Smith and a host of other people I think was incredible. Dave Smith, who I think is a beast. Rand Paul, Ron Paul, libertarians. Beyond that, Joe Jorgensen, what a joke.

Starting point is 00:10:31 In 2020, the Libertarian Party got 1.2% of the vote. Their high mark was Gary Johnson in 2016 with 3% of the vote. In 2012, Gary Johnson was also the nominee, got 1% of the vote. In 2012, Gary Johnson was also the nominee, got 1% of the vote. I don't know why we're spending time giving airwaves to a group that gets one to 3% of the vote. I wouldn't give airwaves to the Green Party and Jill Stein, Cornel West with whatever he's doing,

Starting point is 00:10:58 the Justice for All party, Cenk Uygur with, I think he ended his campaign in March, the Progressive Party, the Forward Party, the No Labels Party. In my opinion, it's Trump, it's Biden, and it's RFK. The rest of you losers get out of the way. And I don't mean losers like, oh, you're a loser, you're a loser. I mean, like literally, they've never won anything.

Starting point is 00:11:20 So at one point do we say, thanks guys. Next year's you. Joe Jorgensen is a great debater. Joe Jorgensen was an absolute debacle when she showed up here. Adam, watch your language. I mean, when she showed up, she was like. It sounds like I'm being negative, Peabody, and I'm really not.

Starting point is 00:11:36 I'm just trying to be real. Starting off today, it's like we're just coming off Memorial Day, barbecue, good hanging out, going and celebrating the lives, and you're off, you're just trashing Joe Jorgensen's abilities to debate. Am I wrong? Tom, am I wrong?

Starting point is 00:11:48 I thought Joe Jorgensen was part of the crickets party because remember she was sitting here and all we heard was crickets. Here's what I think. New voices in America are rising up and now mainstream media, because Trump was there, actually covered the libertarian convention because they were so excited that somebody was booing the former president Trump, the Republican candidate. They were so excited about that that they had to cover it. But I also think what this shows is Trump really is out there trying to unify. He's winning minorities, bigger percents than last time, with a positive

Starting point is 00:12:31 message of what he's going to do. And he's coming here to message for the Libertarian Party to say, listen, I want to partner with you. And as a matter of fact, one of the things that you really care about, I will pardon the Silk Road founder that has been in prison this time." So I thought it was very positive. He's over there trying to... I know, Tom, but what's... So what do you think about that?

Starting point is 00:12:52 Like, is this a non-issue, him going to the Libertarian Party? Is this like, you know, because from one side, there's many different arguments to be made. Do you think it's a big deal that he went to the Libertarian Party's convention? I think it's a medium deal that he went there and it shows that he's trying to bridge and he's trying to collect the votes. Okay, Vinny, thoughts? I just think I agree with Tom. At least he's out there. I don't know if you saw what Biden was doing this weekend when they were doing the Memorial Day thing. For 30, 40 seconds, sometimes a minute, he's in the back, passed out, asleep on stage. So this is what our president is doing. The other president is out there busting his butt trying to get votes. Look at this guy.

Starting point is 00:13:26 He's not praying, Pat. He wasn't praying. He was snoring. You gotta be kidding. He was snoring. This is just one little 10-second thing. There was multiple, multiple times where it's 30 seconds, 40 seconds, and he did that little eye thing where he like plays with his eyes and then took another little nap. It's sad. At least the other guys out there and trying to get the vote. So I respect Trump.

Starting point is 00:13:49 So here's what I think. I mean listen, if you remember in 2016, Trump was doing three, four, five campaign stops a day. Hillary was doing one a week. You would be looking at a Facebook Live and then Trump speaking somewhere and in two hours you're like Oh, it's not the same Facebook live because it's this it same place. He's a oh shit It's a different place then you'd forget about that then two hours later He's on so he was getting on planes going to all these other places. Yeah and doing so so for me

Starting point is 00:14:21 The one party got a lot is the fact that he's going out there and talking to anybody and everybody. He's convinced he's gonna win New York. He's going talking to the Libertarian Party. When's the last time the actual, when's the last time a president spoke at the Libertarian Party convention? Very good question. Rob, when's the last time a president?

Starting point is 00:14:40 According to Trump, he is the first president to have ever appeared and speak at the Libertarian Party. So let me say this to you. You know, what does that have ever appeared and speak at the Libertarian convention. So let me say this to you. What does that do to you if you're a Libertarian? Because I have a lot of things with Libertarian Party that I like. The personality, the persona of leave me alone, let me do my thing, I relate to that Libertarian aspect and the values and principles that they offer. But for the Libertarian community that are sitting there, you have to realize, this guy

Starting point is 00:15:04 showed up to hear you out. He showed up to hear what you have to say. The other guy's not going to show up to you. And Trump understands that even though we're saying, well, it's only 2% and it's only 3% and it's only 1%, in this race, everything in the middle matters. Everything in the middle matters. And I think that's what differentiates him and by the way the more he shows up to markets that the opposition doesn't think he stands a chance to win, you know what they keep

Starting point is 00:15:31 saying? Things like this. Rob, pull up the Huckle clip in New York while she's talking to Jake Tapper and this is after thousands of people showed up in Bronx. Look what she says, making fun of the supporters of Trump. Go ahead, Rob. Well, I'll tell you, it won't make a difference at all, Jake. And that is for Donald Trump to be the ringleader and invite all his clowns to a place like the Bronx. Clowns, geez.

Starting point is 00:15:56 New York will never, ever support Donald Trump for president. We know him better than anyone, and that means we understand what he's all about. It's just for himself so this state will go solidly behind joe biden for president as it has in the past so he wants to spend his time uh... doing these made-up fake rallies and returning their support for him i guess because where you're doing that

Starting point is 00:16:20 donald trump joe biden's out there on the other side, making sure he's delivering for all Americans. And so go ahead, spend all your time you want in New York, because we'll be with Joe Biden, and Joe Biden's out there winning over the rest of the battleground states. So you know what I'd like to see? I'd like to see the made-up fake crowd. I would love to see you have a Biden made-up fake crowd of 20,000 people. Just make it happen. Okay. How many people show up when it comes to speak or campaign? 300. And by the way,

Starting point is 00:16:50 I'm talking without Obama showing up, no Obama, just him by himself, how many people will show up to see how interested they are in what he has to say, right? Yeah. But the more they do this, this goes back to what they did in 2016, which is try to trash the opponent and they just pissed off the voter base more and more and more. They said, did you just call me a clown? No problem. I'm gonna show up with 50 clowns. I was planning on only voting with one other clown, but this time I'm showing up with 50 clowns. No problem. All these clowns are gonna beat you. That's what you're doing to the opposition. Tom, thoughts on this. I have thoughts on this. I think that there is a very real chance, maybe only 15% but

Starting point is 00:17:31 rising, that she's gonna regret that clip. Sienna Poll has it at 9%, actually 8.9% to be exact, which is as close as Trump has ever been. Can you tell us what that means? What's 8.9%? Oh, I'm sorry. I'm sorry. Sienna, which is one of their polls, it's one of Kathy Hochul's favorite pollsters, has Biden versus Trump in the state of New York, Trump is at 8.9% behind Biden. It was a 24% crushing in the election and you hear what's going on. So guess what?

Starting point is 00:18:07 The polls are saying is that these made up rallies in the Bronx apparently are also made up voters who are not made up and showing up in the polls. And you think, especially, I don't know what it is with the left, they cannot help themselves by learning a lesson. Hillary Clinton, when she said a basket of deplorables that like you said sent everybody downhill Are you not learning your lesson that the more you mess with our side? You're you're putting gasoline on the fire with all this all the stuff with all the law for that to do with Trump You're making him stronger. You're making more popular whoever is in charge

Starting point is 00:18:41 And I know Hillary and Obama and all them are in charge of this thing They they will they are so stuck in their stupid ways. They'll never shift tactics shift your tactic leave him alone I'm telling right now people if they if they stop saying Trump and stop saying stuff like that They actually might have a chance that is if they don't if they don't cheat which we all know I know it's gonna happen, but just just shut up leave them alone. Don't talk about them. Don't talk about us clowns. You know how many New Yorkers? I was 25,000 people you just lumped all them and you're the governor you idiot What are you talking about you you are governing those clowns? And let's see if she's gonna get reelected with that with that dumbass rhetoric Adam What do you think about these clowns showing up for true? Yeah, my fellow clown New Yorkers. I don't have a

Starting point is 00:19:24 massive issue with what she said only because it's indicative of how divisive and fracturized and tribalized politics is these days. You would want, you would think, all right, you're the governor of New York. You should govern everybody, you know? You should probably try to be a leader. You know, this is someone who wasn't necessarily like, elected per se. She came in on the heels after Andrew Cuomo was sort of tossed out and she was, you know, anointed and she had a very close election with Lee Zeldin. Lee Zeldin.

Starting point is 00:19:58 But I think this is a story that is here today gone tomorrow. I don't think most Americans from a national perspective can even tell you who the governor of New York is Kathy Hokel. Will people in New York remember this? For sure. And Tom brought up some stats. You know, what do you always say that people talk numbers scream? New York Biden 2020 the election, Biden 60%, Trump 38%. So it was a 22% difference.

Starting point is 00:20:30 5.2 million people voted for Biden and 3.2 million people voted for Trump. So you got to flip 2 million votes in the state of New York. The thing that I'm more concerned with is, you know, on the heels of that, the people came out and they were like, and we got to get rid of AOC. And I was like, you know what, that seems a little bit more reasonable and feasible because this is her district in the Bronx, right? You know, that she won in 2018 was her first term, I believe she won with 80% of the vote almost 2020 because representatives run every two years or every year they're, they're governing and then they're campaigning they're governing in the

Starting point is 00:21:06 campaign in 2020 she won with 70% of the vote and then in 2022 she run with another 70% of the vote meaning her opponent had like 27% of the vote so as much as we're seeing this rally in the Bronx what's the chance of a AOC is not the chance of Trump winning in New York 2% what's the chance of a winning in New York? 2%. What's the chance of him winning in New York? 15%. I'm 10-15% right now. You're 10-15%. What about you? I'm probably closer to 5 to 10% of him winning New York. But let me tell you this part, if he does pull off New York and beats them, there is a revolution going on. Yes.

Starting point is 00:21:46 Okay? If he beats New York. If he beats New York, overnight, I mean you think the highlight video was wild of people crying in 2016 when imagine the people in New York who are going to be crying just because of him. You're almost like, I would honestly pay a hundred thousand I would pay a million dollar On my neck if Kathy Hoco was on my neck to do a 15 minute call

Starting point is 00:22:13 While they announced that Trump beats her in New York and takes new if that were to happen I'd pay million bucks just to look at her face for 15 minutes around her family just to show she react Just to look at her face for 15 minutes around her family. Just to see how she reacts This is the same Kathy Hokel that not only thinks that they're all clowns She's the one remember that said black kids don't know what the word computer is So she literally thinks that we are stupid that black people are ignorant and these are the people that are in charge same as Gavin Newsome same as they think that they are better than us, they think that they're elitist and I can't wait for the house of cards to start coming down and people like this to get the hell out of home. When is she up for reelection? It couldn't be soon enough.

Starting point is 00:22:53 Hopefully tomorrow. I don't even know. Well let's go through some of the stuff here with the economy. Tom, why don't you give us an update what's going on here. I'm gonna read the story I'm gonna turn it over to you. Insider says why mortgage rates are doomed to stay above 7% for the foreseeable future. And this is an insider story. 7% for the foreseeable future. Here we go. With the Federal Reserve unlikely to raise rates before September, housing market analysts

Starting point is 00:23:20 expect mortgage rates to remain above 7% for the most of 2024. Fannie Mae predicts a 30-year mortgage rate to reach 7.1% the upcoming quarter, significantly higher than the previous 6.4%, while Freddie Mac's baseline scenario includes one rate cut towards the end of the year. While Freddie Mac is now only thinking one, but maintains elevated mortgage rates throughout, rising inflation caution Fed policies have led led to revised forecasts for borrowing costs. Freddie Mac's chief economist, Doug Duncan, noted, we see rates remaining closer to 7% through the end of the year.

Starting point is 00:23:53 The market has reacted to discouraging consumer price index reports, complicating the outlook for potential buyers and sellers. High mortgage rates have disincentivized homeowners from selling as many are locked in rates below 4%, Tom. Yep. And this is connected to this morning, Kash Khare, my favorite guy with the Fed, actually because I think he's pretty balanced, but he's been out there talking. He was on CNBC this morning.

Starting point is 00:24:19 He's out of the Fed Bank in Minneapolis. And he basically points out and says, listen, we need to see a lot more positive inflation data before we cut rates this summer. So what does that mean for you and me? What that means for you and me, Rob, do we have the list of, you know, what we think the rates are going to be? Here it is. This is what we were talking about just now. Here's what it means, America. It means that between now and the end of the year, 7 to 6.75%. Meaning at the end of the year, 6.6, 6.75, that's what it's gonna be about the end of the year.

Starting point is 00:24:51 And at the end of next year, looking at like 6. So when they say 7% for the foreseeable future, it's probably 7% through third quarter, and maybe get a little cut, and then it's not going to be dramatic, Pat. It's going to be like 6.75%. So that's where it's going.

Starting point is 00:25:10 And so if you're going to buy a house and then you think you're going to refi six months later, no, you'll probably refi two years later. So that's what I think people should look at. When you're making your personal plan, if you can afford that house and you can afford the payment and you can afford 6.75%, that's what you're gonna have toward the end of this year and it's probably gonna be two years before you get cuts to a point where you can make a refi that two years two years yeah so you're taking 2026 correct because the end of next year they're only looking at six percent

Starting point is 00:25:40 mortgages and this is all the people that are out there now let me ask you question Fannie Mae National Association let me ask you a question say president gets a Trump gets elected do you what do you think is a likelihood of him firing Powell and replacing him Powell's been such a lightning rod remember he's elected to a term so would Trump invoke authority and then get him not elected to his next term I think Trump's gonna look for a new Fed leader yes okay but he can't does that happen he can't fire him when his pals can you look at when Powell's term is up when is Jerome

Starting point is 00:26:14 Powell's term up mr. I thought it was it was before midterms. Oh wow okay so is it 26 May 15, 2026 yes so coming into Trump's midterm election he would have an opportunity to change the fed chair. So he's staying till 2026 okay which is why people think that's 2028 no it says as a member of the court ends but being the chair May 15, 2026. So when you look at this, then you going back and you saying the fact that it's probably gonna stay around the sixes, even in 2025 seems very reasonable.

Starting point is 00:26:54 You're thinking 2026, like Q3, it may drop to like what, fours or fives? Yeah, so if you got a 6.75 or a seven this year, 24, two years from now, probably a you got a yes, so if you got a six point seven five or a seven this year 24 Yeah, two years from now Probably a five and a half five and three quarters and you can refi it five and a half You're not thinking we're seeing fours in a while. No, okay I agree I don't maybe a five for really good credit and you buy half a point that for sure for sure

Starting point is 00:27:19 But but four and a half that's not coming anytime soon. Those are the days of you know, what we had in the past Yeah, I agree with you, but now watch this But four and a half, that's not coming anytime soon. Those are the days of what we had in the past. Yeah, I agree with you. But now watch this. Here's the crazy part, and I'm going to come to you right afterwards, Adam. Housing prices hits another record high as affordability crisis deepens. So rates are remaining high. They're not dropping, but affordability crisis deepens because prices are not going down.

Starting point is 00:27:43 So let me read this part here to you. So housing prices hits a new record with the median US households hits 387,600, a 4% increase from the previous year according to Redfin. Despite a slight dip in mortgage rates, 7.02, the monthly mortgage payment remains as high as 2854. That's the average mortgage payment. Lisa Sturtevant, MLS chief economist, notes, elevated mortgage rates and high home prices have been keeping some buyers on the sideline this spring.

Starting point is 00:28:16 You think that they've been sitting on the sidelines? The affordability crisis is driven by years of underbuilding, a rise in mortgage rates and expensive construction materials, this has created a golden handcuff effect where homeowners with low mortgage rates from the pandemic rate reluctant to sell further limiting supply. Sam Brinton, a Redmond Premier agent, has move up buyers, feel stuck because they're ready for their next house, but it just doesn't make financial sense to sell with the current interest rates. He's right. Adam, thoughts on this. Well, like with anything, it depends on who you are

Starting point is 00:28:53 in the situation. You know, because the story here right below that, the baby boomers are approaching peak burden of the economy. So here's what I would tell you. If that you're a young person looking to buy a house It's not your turn buddy What's the reason supply and demand the story right here basically said housing prices hit another record high as Affordability crisis deepens listen when you're gonna buy something you have to ask yourself Is it cheap or is it expensive and that's how you can kind of weigh your options It is incredibly expensive to buy a house right now. No know a lot of people, we've been sort of given the propaganda of like, if you're renting, you're throwing away money.

Starting point is 00:29:31 If you're renting, you're throwing away money. But it all depends on where you're at in life. If you're young and you're just starting out your career and maybe you have the opportunity to live with a buddy, live with a roommate, live with a girlfriend, whatever it is, renting is fine and just pump all your money into the market. Now if you're a baby boomer, you know, typically baby boomers when they approach 65, you know, when I started in the financial world, I heard a stat about baby boomers that starting in 2010, I believe, for the next 20 years, 10,000 baby boomers will turn 65 every single day.

Starting point is 00:30:06 Boom, boom, boom, boom, every single day, birthday, birthday, blowing out 65 candles. So here's the deal. Usually typically as they retire, they downsize. Their kids are out of the house. They're like, all right, forget it. We're moving, we're moving to Florida. The reality is at this point, since COVID and since these interest rates, they're not going anywhere.

Starting point is 00:30:24 They're like, why would I sell my house that has a 2% mortgage, 3% mortgage, 4% interest rate to go spend 7% on a mortgage? It doesn't make any sense. So they're staying put. So supply and demand is limited. So if you're the Vinnie of the world or a younger person in the world, you're like, I'm looking for a house. Too bad. Now what I would tell the mortgage brokers out there and the realtors out of the world, here's a little advice to you guys. Here are three words that made me a lot of money. When

Starting point is 00:30:50 you're calling on people and you're calling on potential clients, here are three words you could use to pique someone's interest. Things have changed. Because when things change, people feel motivated to do something right now What's happening in the economy with the mortgage rates and everything that's going on its status quo So if you're out there being like, how can I make some money? How can I basically deliver a different message to the consumer to my client? Let them know that things have changed whatever it is. And even if it's that they have to refinance in a few years That's something that can change. Hi guys

Starting point is 00:31:23 Can you check your phones to see if alerts coming from you or not Adam? See if it's turned off or not. It's one of ours, Rob, if you can check it. So, you know, but for me, like the average person, Tom, is listening, you know, home ownership, dream, investment, should I get into one, should I not get into one, the slow play. Can you go, Rob, to history of rate of return in real estate, type in history of rate of return

Starting point is 00:31:49 in real estate, okay, if you can do that. I'm actually really curious to know what happens after 1981. So go to history on housing, okay, click on that, rate of return, click on that, Rob. Zoom in. Before you show it, can we guess? No, I'm actually, I mean, what are we guessing though, right?

Starting point is 00:32:07 Because what I want to know is, I want to know in rate of return, rate of return, that's not the one I'm looking for. I'm looking at something like that. Yeah. I'm going to make an assumption before we see it. Go ahead. I think that the stock market is double whatever real estate is. Okay, but let's... So I think real estate is around 5% and I think the stock market is double whatever real estate is. So I think real estate is around 5% and I think the stock market is around 10%. Watch this.

Starting point is 00:32:27 In the 30s, real estate dropped 1.2%. Stock down, so that's obviously Great Depression, 0.9% that decade. Cash won, bonds 4%, gold 5.3%, inflation minus 2%. So it's the opposite. In the 40s, stock 8.5%, real estate 8.1%. So they're about the same. Inflation 5.4. 50s, stock 19.5% of any. This is good for you to see. Real estate 3.0, inflation 2.2, the difference between real estate and stock. Look at that. 16.5% above real estate. Gold's

Starting point is 00:33:00 only 1%. 60s, 7.7, real estate 2.2, so 5.5 above, inflation 2.5. 70 stocks, 5.9, real estate beats, and that's because boomers are becoming in their mid-20s, 1946. Yeah, that's cause the boomers are buying houses now. So, 8.7, 5.9%. Look at gold. That's when Nixon, we went off the gold standard, so 29%, inflation 7.4%. 80 stock market, 17.4%, 17.3%, real estate 5.9%. So the difference is what? 12%. Inflation 5.1%. 90% is 18% to 2.7% in real estate, 2.9%. 2000 stock drops, okay? This is the 2008 debacle, so minus one, real estate 4%, and then inflation 2.6, 2010, 13.4 to 3.8, 2020s, 11.9 to 10.2, which is about the same. But if you look at this, this is what I want you to think about. Real estate's only had a minus 1% decade once.

Starting point is 00:34:06 Stocks has had it twice, but look what it is. It's not anything crazy. It's.9 and it's 1%. So you're not losing money in the stock market over a decade. But look how many double-digit real estate has versus the stock market. Stock market has one, two, three, four, five double-digit. Real estate only has one. So why am I showing you this?

Starting point is 00:34:25 The reason why I'm showing you this, Tom, right before we got started with the podcast, you said, and I Googled it, I looked at it, with the reports being said that S&P is about to get to what? Tom Hanks Yeah, UBS came out and said that they're going to put a target forecast at 5600. They think that the forces on the stock market are good even though the consumer can feel bad. Okay, so check this out Vinny. So while real estate is not showing any kind of optimism or what could happen with it,

Starting point is 00:34:55 stock market's about to go to 5600. Okay, so if the stock market is about to at 5600, where's SMP at right now? When I say stock market, I mean SMP. Go show SMP's at 5,000 right now hit 5600. Where's S&P at right now? When I say stock market, I mean S&P. Go show up where S&P is at, 5,000 right now? 5300. Okay. So it's going to go up another 300 points. 300 points on 5,000. 5300 is what? 7%, let's just say 6%.

Starting point is 00:35:13 5.8% is what it is. Okay. So if we go to real estate, the difference with real estate, where the real estate investor is going to make the argument, where the real estate investor's going to make the argument is the following. In order to buy stocks, I'm putting $100,000 of my money in there, where I'm competing on, if the market does 10%, I make 10% on what? $100,000, which is what? $10,000.

Starting point is 00:35:38 But if I use $100,000 to buy a property, I'm buying how big of a property? A half a million dollar house, let's just say, Ocando, right? So $100,000, I'm pretty much margin, not necessarily, but I'm using debt. So my $100,000 on a half a million dollar house, now I'm paying a loan on $400,000, let's just say I'm paying $3,500 a month, $3,000, $3,500 a month, whatever the number is, right? So watch this. If that $500,000 property in two years goes to $550,000, okay, now I got what? $50,000.

Starting point is 00:36:16 So $50,000 on the original $100,000 is what? 50%. But that $50,000 when you choose to sell, you're going to have to pay what? Four percent commissions, give or take, on $600,000. So $600,000, four percent commission is what? $24,000. So your $50,000, $24,000 is gone for what? Fees.

Starting point is 00:36:36 You net $26,000 over two years, so it's really 13% per year, not even considering the upkeep that you have, right? So that's the argument real estate's gonna make versus the stock market, but at the same time, the problem with some people that are making that are just waiting for real estate, they're not getting involved in what's going on with the market today.

Starting point is 00:36:54 They're missing out on Nvidia, they're missing out on a bunch of AI stocks, they're missing out on not being a small cap, mid cap. The other day I'm at the Goldman Sachs event, very interesting, Tom, very interesting. The family, everybody that had sold the building, there were 60 families there, minimum net worth to be in that room was a billion dollars, okay? And the high was 30 billion dollars, incredible things to learn.

Starting point is 00:37:15 One of the guys gets up there and says the craziest thing. They said, how do you feel about the future of the stock market? He says, oh, I fully believe the market's going to do very well. He says, based on whose analysis? He says, because the number one analysis, analyst in my life for the last 45 years is my grandmother. He says, excuse me? He says, yeah, my grandmother.

Starting point is 00:37:37 Why? My grandmother's 99 years old and she still tells her stock broker and her financial advisor, I only want to buy growth stocks. Did you understand what happened right there? She's 99 years old. How many more years you got left to live? One, two, three, four, any day? She should be in bonds and cash. She's saying put me in stocks buddy because I believe in America. So that is the part that I think sometimes, this is the part where diversification makes sense to have a little bit of stocks, a little bit of gold. If you're comfortable, a little bit of crypto, a little bit of real estate.

Starting point is 00:38:13 That's the part some people are missing out on, but this chart shows it all. Go ahead, Adam. No, this is the, Tom, as you just said, here's your metaphor. People speak, but numbers yell. Say it. Words talk, number scream. There it is. So look, what I see here is that it takes a literal worldwide pandemic for real estate

Starting point is 00:38:32 to actually compete with the stock market. How could you say such a thing? Just look at the numbers. They've had one time during the pandemic that they've been above double digits real estate. Stock market one, two, three, four, almost five times since the 1930s, the average stock market return is what? 10% year over year. Sometimes it's closer to 20%.

Starting point is 00:38:55 But that doesn't mean that real estate is bad. It's just not the rate of return that you can get from the stock market. Now, why do people invest in real estate? Number one, it's tangible. It's easy to understand. It's a lifestyle choice You've got kids you got school districts. You've got neighborhoods. You got safety It's something that you can touch and hold and your family can be there. It feels safe

Starting point is 00:39:14 It's like a big warm hug around your family. I get that but if you're just looking for sheer numbers and sure return It's not even close The last thing here is a lot of 50% of the people, two thirds of Americans buy houses, one third rent. Only 50% invest in the stock market, 50% don't. What's the difference here? I would argue that it's just way harder to understand the stock market. It's bulls, it's bears, it's bells, it's red, it's green, it's up, it's down.

Starting point is 00:39:40 Which way is it? It's like the S&Ps, the Dow, it's the NASDAQ. People just don't understand, but people understand real estate, but money talks bullshit walks. It's clear stock market is better than real estate Tom Yeah, you have to look at it this way. So when people saying wow all this conversation last 15 minutes What do I do with this? Here's what you do. You look at your income and you say to yourself I'm going to be paying for a house some way. So which do I do it? Do I rent something here, here, or here?

Starting point is 00:40:12 And what is that rent? What is that price? And then you have to take a look at the price of renting. And I always tell people, if you buy a house, look at your price of renting like this. Your property tax divided by 12, because you gotta pay property tax to the end of the so it's six grand let's say that's five hundred a month rent you're paying to the city to the county to have a house sir and

Starting point is 00:40:32 the interest rate that you're you're paying the rent on the money and so go look at that and I like to equivocate what is just the base rent and think about it you're renting money and you're renting dirt. The rented dirt is your property tax, renting money is your interest on your mortgage. And so I think you look at that and now is a time for conservative living and to be careful about overextending yourself,

Starting point is 00:40:59 especially in a time of inflation. But I wanna show this Tom, I wanna show this. When I bought, Rob, can you pull this up? This is the part why dollar cost averaging wins long term to people who are not expert investors. Everybody wants to time stuff, right? Well, if I would have only timed it well, if I would have only timed it well, look at this year, 2023, Magnificent 7 rate of return. Okay, go and, Rob, zoom in a little bit. Okay, so this is just 2023.

Starting point is 00:41:28 Okay, Apple, last year, did 48%. Microsoft, up 57%. Alphabet, 59%. Amazon, 81%. Tesla, 102%. Meta, 194%. Look at Nvidia. 239% last year.

Starting point is 00:41:40 Crazy. They showed a number the other day that if you would have put $10,000 in Nvidia, I don't know what the number was, seven years ago, eight years ago, compared to the other stocks, it was number one, you're $10,000 now worth $3.1 million. Insane. Obviously, you hear those stories, you feel like shit. You're like, man, I should have done that. Who the hell knew Nvidia was going to do what it's going to do? but the point is what you can predict is the following The reason why the stock market to me and I know some people are not for it is America I I invest in capitalism and innovation I invest in capitalism and innovation knowing that innovators are always gonna find a way to improve something now watch this watch

Starting point is 00:42:22 What's going on here? Here's the opposite side of what we're talking about, okay? Tesla, okay, let's go through this. Tesla CEO Elon Musk says he opposes EV tax incentives tariffs on Chinese EVs. Why would he say such a thing? Let's go through it. Rob, is this a video? Go ahead and play this clip, go for it. Is this a video? Go ahead and play this clip, go for it. In favor of no tariffs. I'm also actually in favor of no tax incentives for EVs, but provided that there are also the tax incentives for oil and gas must also be eliminated.

Starting point is 00:42:59 So I'm in favor of no tariffs and no incentives for electric vehicles or for oil and gas. And if they're all taken away, I think that would be for the best. So it's back to what you were saying about truth. You want the truth of the price? I think generally things that inhibit freedom of exchange or distort the market are not good. Okay, you're saying that right now. Keep this in mind. Tom, while he's saying this, talking about the EV market, just 10 years ago, you know what America's

Starting point is 00:43:40 tariff was on anybody trying to sell cars in US. So think about BMW Germany. Think about Toyota Japan. Think about China trying to sell a car here, right? What do you think the tariff was? Do you know the number on this? What year? What year? Ten years ago.

Starting point is 00:43:56 Pre-Trump. I don't think it was a tariff. There is a tariff, but what do you think the number was? Very minimal. Give me the number. 5%. 2.5%. I went crazy.

Starting point is 00:44:04 Trump took it from 2.5% on China to what? 25%. I got 23%. Do you know what Biden just did? Can you pull this up Rob? Put Biden-China tariffs 100%. So Biden just did this. 100 percent tariff rate on EVs will protect American manufacturers from China's unfair trade practices. This action advances President Biden's vision of ensuring the future of the auto industry will be made in America by American workers. So check this out. He makes this hundred percent tariff for access what Trump did.

Starting point is 00:44:44 Now why would he do this? Have you guys heard of BYD? Have you heard about the BYD cars? The Seagull. Okay, Rob, go to BYD. So this is China's BYD car, okay? If you go to BYD, this is their car, okay? This is what they built, okay?

Starting point is 00:45:01 Rob, can you go to cheapest BYD car price? Cheapest BYD car price. Look at this, $9,700. What? Yes. The Seagull. Its starting price is $9,700, which is about 5% cheaper than a previous model. Their cars are getting cheaper, Vinny. The new BYD Seagull has 30 kilowatts and battery, good for 190 miles and 252 is the next one, but it's $9,700. And comparable to our cheapest EV that we have, which is $33,000, $35,000, they're nearly four times cheaper than us. Four times cheaper than us. So now, if the tariff is at 25% only, and they bring this car to US to sell, you know how much these go in US? $12,300.

Starting point is 00:45:53 Okay? It's still a great deal. It's nothing compared to what we have. But even 100%, if they put a 100% tariff, these cars are coming here and they're going to sell it for $19,400. So when Elon is saying this, I want to read this to you from two people. One is from Elon. So check this out.

Starting point is 00:46:16 Elon Musk said this is Chinese car companies were the most competitive and will have significant success outside of China, keyword he uses, depending on what kind of tariffs or trade barriers are established. Listen to his words. Rob, if you can just literally write there. Chinese automakers were the most competitive and will have significant source success outside of China, depending on what kind of tariffs or trade barriers are established. He said this four days ago.

Starting point is 00:46:47 When did Biden put that 100% tariff? May 15th. What's today's date? The 28th. So he said this on the 24th, nine days after Biden puts the 100% EV tariff on there. And by the way, do you guys know right now, I have to show you this chart. And by the way, let me go to another one for you. CEO of Stellantis. Tom, can you tell everybody who Stellantis is? Because most people don't know who Stellantis is.

Starting point is 00:47:11 Chrysler. It's the new way to pronounce Chrysler as of two years ago. They kind of rebranded. Look what he says. The entire industry is worried about the magnitude of what Stellantis CEO Carlos Taveras calls it, ready? The China offensive. Companies that can't match China's low cost EVs are going to be, ready? Keywords, in an existential problem, told Bloomberg, Taveras told Bloomberg, an existential problem. These guys are worried because we can't make the cars as cheap as they make it. We can't. We can't make the cars. Because everything's

Starting point is 00:47:51 coming from China, all the parts, all the... Well, this is the reason that manufacturing was out. I got a bunch of charts I'll show, but I'll go to you guys right now. Give me your thoughts on this and I'll continue with this. Look, at the end of the day, and what do you say about capitalism, Pat? You have the freedom to buy, the freedom to sell, the freedom to try, and the freedom to fail. The reason that all these trade agreements and outsourcing and manufacturing is because they'll work for nothing in China. They got child labor, they got no labor laws, they go, what's going on?

Starting point is 00:48:21 How much would you pay for an iPhone if it was made in America? $5,000, $1,000, whatever it is, whether it's toys, whether it's products, whatever type of goods, whatever type of pharmaceuticals, it's just cheaper in China because the GDP per capita in China is like five to 10 grand a year, where in America it's 50, 70 grand. The reality is we're better at services, we're better at technology, better at STEM, science, tech, engineering, math. That's what we're better at. And let the people that will work for cheap, whether it's China, whether it's Mexico, whether

Starting point is 00:48:51 it's India, whether it's certain parts of Southeast Asia, work for basically nothing. And I'm not surprised that the Reagan doctrine back in the 80s, Tom, you probably know better than me was free trade, open markets, pro immigration. And since Trump, it's, it's reversed. It's anti immigration. I totally understand that with the border. It's definitely not free trade. It's tariffs, but low key sneaky peaky. Joe Biden is tougher on China than Trump regarding tariffs. I wasn't expecting that bullshit. Let me explain. It's election year and cars are made by the UAW.

Starting point is 00:49:34 This this is a a this tariff is attempting to win votes from the UAW and that is what's going on this year. Number one. Number two, the Stellantis CEO is right. He called the tariff a trap. And here's why it's a trap. Not too many years ago, OPEC decided to reduce the price of oil on a worldwide level to squeeze, very specifically, the North Dakota shale and the Alberta Canada oil sands because they were beginning to pull oil out of those other types of resources as opposed to just large oil pools that live under Saudi Arabia. In other words

Starting point is 00:50:16 this oil that was in North Dakota and Alberta was harder to get out. Well guess what? They needed oil around 55 bucks a barrel or so to make it profitable. So the Saudis said, I'm going to keep oil all the way down at 45 bucks. Remember that? Under 50. So that made it economically infeasible for North America to get that kind of oil. Guess what happened? Innovation struck, capitalism struck, and they said, well, if it's going to be $55, if it's going to be $45, we got to work on it. And they actually got to the point where they took about 12 to 15% off the extraction cost because capitalist inventions stepped forward.

Starting point is 00:51:01 So guess what? The Saudis tried to trap it, and now we can get oil sands out of Alberta and we can get the shale out of North Dakota even better. What does that mean? The Stellantis CEO is right. He said this is a trap. Let's put the pressure on ourselves to do it better, to do it cheaper, and to get it done if that's gonna be the way of it. There's one problem though, Tom. There's one problem with this and I'm all with you because I'm all capitalist. I don't think you can close the whole gap. No, but hear me out. Push back on what I'm about to say to you and find leaks on what we just found here.

Starting point is 00:51:32 I want you to push back on what I'm saying because I know you follow this closely. So can you pull up Rob the Q1 results of, not that one, go to Q1 results of stocks right there. This is EV stock performance in America. EV stock performance in America. Look at the lowest one, you can't find that one, can you? You see the orange one all the way at the bottom? That's Fisker. Yeah, exactly. Fisker is down 98% for the year. Vinny, did you hear? Q1. Fisker is down 98%. Look at

Starting point is 00:52:04 Rivian, down 48%. Can you zoom in on all this stuff on the right so we can see the numbers better for the audience? Zoom in a little bit. Okay, there you go. NIO is another one, down 47%. Xpeng is down 45%. Lucid is down 31%. Polestar is down 30%. Vinfast is down 29%. Tesla is down 29.2, Auto is down minus 12.5, and then the only one that's up 24.8 is this Nikola, which I think is a hydrogen driving car that's a very unique different story that's going on there, but nothing crazy, right? So you look at this, and you say, okay, why are all these guys down, including Tesla? By the way, during the same period, I looked at to see how BYD performed, maybe to say well everybody is down. BYD is only down half

Starting point is 00:52:48 a percent for the years to China car. Now go to the next slide Rob if you could. So not this one, go to the other one. Okay so here this is interesting. Minerals in electrical vehicles versus gas cars. Green is what it takes to build EVs. Green is the EVs. Black is the gas cars. So, zooming a little bit from the biggest green to the smallest green. To build an EV, you need 66.3 kilograms of graphite. Then you need 53.2 kilograms of copper. For gas, you only need 22.3 kilograms of copper for gasoline car. For EV, you need 39.9 of nickel. You need 24.5 of manganese. You only need 11.2 kilograms for a gas. You need 13.3 of cobalt, 8.9 of lithium. Anyways, this continues, right? All

Starting point is 00:53:38 these rare metals that you need. Well, guess what country natural resources has the most of these rare metals? Go to the next line. I know read China Weird that it's not even weird. It's luck. It's got nothing to do with weird. It's like Venezuela has gold It's like Saudi Arabia has oil. Yeah, but Venezuela has oil, you know The part that is deeply concerning for me on why they're able to dominate is The part that is deeply concerning for me on why they're able to dominate is because they have the minerals in their country to build it so cheap. So now, go to this next thing here. Historically, I want you to think about this thing here.

Starting point is 00:54:14 Rob, don't pull this up yet. I don't want them to see it. Historically, look at me here. Historically, Tom, Vinny, Adam, me, all of us, when we think about a automaker internationally selling a car in America and dominating, what company do we think about? Porsche, Volkswagen, Toyota, Nissan, Ferrari. Where is Volkswagen from? Germany.

Starting point is 00:54:37 Okay. Where is Toyota from? Japan. Japan. Tell me a single car that's ever come to US from China that's dominated. Tell me one single car. Honestly, I don't know. I don't think so.

Starting point is 00:54:48 That's the point because they can't compete on the gasoline side. I've got you. But they can in EV. So watch this number that I just saw. This next chart may give you the chills because this is probably the most scariest chart out of all of them that the next one that he's going to pull up. Go ahead and pull it up. Check this out.

Starting point is 00:55:05 Zoom in. This is from 2010 to 2024. China cars are heading mostly to new drivers in emerging markets. Look at this. 2010, China's last place. 2011, last place. 2012, last place. 2012, last place.

Starting point is 00:55:19 2020, they pass up US and we're declining. They pass up South Korea. Then they pass up Germany. They just passed South Korea. Then they pass up Germany. They just passed up Japan. China is officially number one in how many years from last to first? In less than four years. Look at it. Yeah, look at 2019.

Starting point is 00:55:35 From 21 in three years. They went from last to first place simply because of their EVs. And by the way, the CEO of this BYD company is being interviewed as a lady. And they're like, so what do you think about the fact that, you know, the US is putting all these tariffs and, you know, what does it need to be for you guys to go to America because BYD is not in America yet. She says, well, you know, in an interview, if I find a link, I'll send it to you. You should see how she talks.

Starting point is 00:56:01 She talks super confidently like she doesn't give a shit. She says, well, in order for us to do business with America, America has to create a more friendly climate and they just don't have that right now. If they make a more friendly climate, we would love to sell our cars in America. So Tom, you see the power to have with minerals. How do other countries compete with China when it comes onto EVs? Well, there's a deeper question because the number one the number one mineral that you need is lithium and this becomes an energy question because The you know what the greatest source of lithium on earth is don't tell me lithium Afghanistan the ocean

Starting point is 00:56:40 Oh, and however, and by the way, the water crisis, you could desalinate the ocean, but it takes energy, lots of energy, and then you have waste products that come out. But check this out. If you go to, I think it's fifth generation, sixth generation, Pat, nukes, and you put them on the coasts, you can have all the lithium and you can have all these desalinated water you want. It's just the will to do it. But right now, the playing field is tipped toward China on the raw materials to make EVs.

Starting point is 00:57:16 The same way that in the 70s, before oil exploration and efficiency came to the US, OPEC was the supplier. So they had all that. So they could make the rules. And right now, China is going to be exporting these things all over Europe to a very willing Europe. And it's the UAW and... But Tom, you see the power that they have. Oh, it's huge market power.

Starting point is 00:57:44 I'm acknowledging this is massive market power and what you need to do, you need to have the will. Like if you were President Pat and I was your Secretary of Energy, I'd say, Pat, we need next gen nukes and we'll have desalination. We're going to figure out the water crisis that way. And we're also going to use that incredible amount of energy to get the lithium out of seawater. And we're going to support the auto manufacturing right here

Starting point is 00:58:12 in the United States. Tom, how much of this 100% tariff to China is going to affect the relationship with the Biden's, the Biden administration, and China? Because if you think about it, obviously, he's their pocket the last time a president tried to you know hold them accountable for taxes and tariffs a virus came out of that same country and destroyed the world for years so what I stand by what I said that you know this is an election year number one this is also by the way you

Starting point is 00:58:45 saw on that chart all the EV companies are together the core EV companies that are going to survive are together at 30% down Tesla you know Lucid that's where they are and Rivian has got its problems Fisker has got huge problems and that's what they are but But I think this is election year, this is the UAW, and this is protectionist policy. Well here's what I'll say Vinny, because you're asking the right question. Because the last time Trump did this and put tariffs on top of tariffs, he lost the election. Yes. And whether you want to say he got involved, China got

Starting point is 00:59:22 involved, did whatever they did, who cares? Xi is right now sitting down and saying, wait a minute, this guy put a hundred percent tariff on us and we can't negotiate with him. I can't talk to him. At least the other guy would call me and tell me, hey, just so you know, I'm about to put tariffs on you, but you may want to change your position with us, right? So who knows? China may also take a different position here and flip on them. Rob, can you play that clip of the CEO talking about why they're not coming to the States?

Starting point is 00:59:55 I want you to look at her and see her temperament. Just see how she's answering. Is she answering confidently or nervous? Go ahead. I don't think we don't consider the US market. Yeah. At this time, it's too complicated politically. You don't need necessarily to go to every market. You only go to the market. You feel it's ready. Everything is waiting for you.

Starting point is 01:00:21 Then that's our approach. Like why is BYD resource? Let us focus on other markets. It's already occupying a lot of resources for us. Phenomenal music. And the second, it's not necessary for us to come to US. Maybe sometimes, but I don't see that, like a... I don't see that...

Starting point is 01:00:39 Her fingers are on the schedule. Andrew Tate. Yeah, she is, she's totally Tate. She's in the G. Yeah, but you know, while you're listening to this, here's what some critics in the US are saying. You ready for this, Tom? Here's what they're saying. Some critics are saying, well, you know, China's facing deep challenges because, you know, they're running out of inventory of the amount of people to sell cars to. What are they going to do?

Starting point is 01:01:02 How many total EVs do you think have been sold in China? Of these type of vehicles? Total, just any EV, that includes Tesla. How many EVs you think exist in China? Tom, there's one and a half billion people there, total number of EVs. What do you think? That they've made over there? No, driving. I know the number, I want to know what you guys are going to say. Give me a number on what you think. Out of how many billion? Out of one and a half billion. And by the way, we even looked up how many total people they have that can drive a car.

Starting point is 01:01:32 It's around 530 million people that can drive a car. So I'm going to say 500,000. No, no, it's not 500,000, it's more than that. I was going low. So 5 million of them? 21 million, 22 million. So check this-one million, twenty-two million. Out of five million. So check this out.

Starting point is 01:01:47 Twenty-one, twenty-two, what's the number right there? Very low percentage. Twenty point four million, okay? So twenty point four million legal plug-in passenger cars, okay? Out of the twenty-one EVs that they have, there's five hundred and thirty million drivers. They can 25X if they wanted to go to all EVs that they have, there's 530 million drivers. They can 25X if they wanted to go to all EVs. And simultaneously, you know what's backfiring on California?

Starting point is 01:02:11 Do you know what's backfiring on California? Rob, I'm gonna send this, I don't know why we're getting everything, you know, won't know this. Rob, I'm gonna send this clip to you. Where the hell do I plug this in? Tom, California is a shit show. especially worse and by the way because you know I really wish you would stop complimenting California. It's worse than that forgive me Rob play this clip play this clip on what California is doing California is experiencing experiencing the weirdest problem. Here's a problem Vinny. They now have so many people driving EVs that guess what's happening?

Starting point is 01:02:48 Electricity? No, they don't know where to get the gas tax money anymore. Oh wow. So they pushed so many people away from gas, now they're going to start taxing EV drivers. What? So did you understand what I just said to you? So imagine Newsome is like, we need responsible electric vehicles and we're gonna start taxing gasoline now that revenue is declining like shit we gotta we gotta tax EVs watch this

Starting point is 01:03:13 California is now planning on taxing citizens 30 cents for every mile you drive With more than 30 million registered passenger vehicles in California the state says it shells out more than eight billion dollars a year to maintain the roads those cars Drive on so many Californians now own electric vehicles The gas tax money is starting to dry up Which is why Caltrans wants to instead charge drivers per mile I wouldn't know is now enrolling people in a six month pilot program to test out the concept. The state of California is now planning on taxing citizens

Starting point is 01:03:48 30 cents for every mile you drive. They claim that they aren't making enough money from gas taxes because of all the electric vehicles. The decision from the California government to plan on taxing citizens 30 cents for every mile you drive has garnered controversy. Commenters claim that you get what you vote for and that this is a bad decision

Starting point is 01:04:07 from the California government. We can pause it by now. We can pause it by now. In a pilot program six months. Yeah. So can you imagine, we're gonna be a 2035 EV responsible state, oh shit. If we go all EV, where the hell did we get

Starting point is 01:04:17 the gas tax money from? We don't, damn, we gotta start taxing the EV drivers that were responsible that paid $10,000 more for what it is to buy an EV than a regular gas guzzling car We lost money now and we got disappointed upset voters I know all those people that were like, you know what the the green new deal. Let's all let's ride Oh, let's all go with that. And now your shit like now now you look like an asshole now You're like wait, wait a minute

Starting point is 01:04:38 I we did what you said and now we're gonna get do 30 cents a mile think about that people drive from Valencia to LAX That's what my sister's commute. That's ridiculous every single day. Hey, let's keep voting dude California huh, and I might be moving back if you have a 30 Let's say you have a 25 mile commute or a 20 mile commute to say that's a legitimate 20 back down 40 miles 30 cents What is that 12 bucks a day? That's no, that's almost as dumb as that New York congestion. $60 a week. And not to pile on our friend Gavin Newsom, there

Starting point is 01:05:12 was another story in the wall street journal about how, you know, I think the minimum wage in California is 17 ish, 16, 17, but they were trying to raise it to 25 and Gavin Newsom signed this into law in October and now there's a new story that he's reversing course I sent this to you it's a Wall Street Journal story on slack it says California's $25 an hour minimum wage boomerang governor Gavin Newsom says the law he signed last October would add to the state's fiscal woes and he ignored the warnings at the time. And now he's trying to reverse course.

Starting point is 01:05:51 Lo and behold, why? Because the burdensome budget costs are threatening liberal programs. So basically these policies that they're implementing have ramifications. They're like, Oh, my bad. We didn't do the math on it. What was the story that we did like a month ago where they lost $24 billion in trying to figure out the homeless problem? They're just hemorrhaging money in California and they just keep voting for these people. And actually if you California's, um, there it is.

Starting point is 01:06:19 24 billion in homeless California spent $24 billion on homeless. Well, it worked because it's supposed to multiply because they're doing it. I don't know where that money's going is to bring more homeless there because it's not doing anything, bro. The guy's a clown and anybody that keeps voting for these type of people and when you have opportunities to vote for somebody else like Larry Aldo, I don't feel bad anymore. I don't feel bad. Good for you.

Starting point is 01:06:41 Keep voting for them and that's the shit that you're going to get. I don't feel bad. My sister and I told them all, you guys need to move the hell out of California. California has a huge problem and it's called free socialist health care and the Medicaid that California has, and when I say it's a problem, it is a good thing if someone who has no health insurance can get care for their son or daughter that breaks her ankle playing soccer. And what California is dealing with is they decided to stop reimbursing hospitals at the

Starting point is 01:07:17 same rate. And so hospitals that were in areas where they had a lot of Medicaid patients, Vinny, you know, they closed. And we covered this on the podcast. Remember that, Pat, about a year ago? We caught that they basically screwed themselves because the for-profit hospital says, I can't afford to operate the hospital here and here, so I'm closing it. I'm closing the ER.

Starting point is 01:07:38 What do you mean? No ER. There's no ER. We'll do surgeries with all like things like this, you know, come in to have your baby, all these things, but we're closing the ER so that they don't have these destitute people coming up. So guess what? That move by Gavin Newsom actually reduced the healthcare available to the most vulnerable

Starting point is 01:07:55 Californians. Good job. Right. Watch this, California is $25 an hour wage. The one Adam was talking about, wage boomerang, go a little lower. This is what they're proposing, right? Progressives in Sacramento rarely think twice before burdening businesses, but to lo and behold, they are having second thoughts about the California. Oh, no shit, Sherlock, it's a bad idea because

Starting point is 01:08:14 it's burdened some budget. California Democratic Legislators scrambling this week to delay the state's higher healthcare minimum. Oh, they're finally starting to figure out, you know, do you raise minimum wage? The state's budget deficit has ballooned $45 billion, Mr. Newsom's project, that the new health care minimum wage could cost the state $4 billion more. You're owing a higher Medicare cost in compensation for workers at state-owned facilities. Legislative analysis, Newsom signed the law anyways, does the minimum wage for health care workers is set to rise from $18 an hour to $23 an hour this Saturday, depending on the type of wage for health care workers is set to rise from 18 bucks an hour to 23 an hour this Saturday depending on the type of size of health care provided California's current minimum wage for all workers 16 dollars an hour nearly all workers at health care facilities including

Starting point is 01:08:52 janitors will have to be paid at least 25 dollars an hour including janitors by 2028. And if you just do the math on this 18 dollars an hour that's 36 grand a year and then you bump it up to 25 dollars an hour that's 50 grand a year. And then you can bump it up to $25 an hour. That's 50 grand a year. So that's what a 20% increase boom overnight. What do you say there was a $45 billion deficit? And here's what this article basically, I love this term here. They says, as usual, the Democrats don't want to eat their own lousy cooking.

Starting point is 01:09:24 So they cook this up and they're like, yeah, I'm good on that. And the reality is when the government does these mandates and raises wages, what happens? They charge more and then they have to lay off people. So it's higher prices and more layoffs and this is expected. And you saw the comment right in there that Pat just read Medicaid Medicaid's issue, you know Margaret Thatcher said it best paying for things with other people's money only works as long as those people Have money. Yeah Once they run out of money. That's right. You're in deep deep doo-doo Welcome to California and this leads me to the next story nearly 80% of Americans now view fast food as a luxury.

Starting point is 01:10:06 Folks, if you went to a high-end restaurant this weekend called Chipotle, you are rich. French accent on any of them. So check this out. So nearly 80% of Americans now view fast food as a luxury due to rising menu prices, with 62% eating less often because it's increased costs, according to a LendingTree survey. The perception of fast food as a luxury is particularly strong amongst those making less than $30,000 a year. 71% of people fall under that category. Parents win young children, that's 58%.

Starting point is 01:10:41 Gen Z is 58%. And women, 53%. Menu prices at major chains like McDonald's, Chipotle, Taco Bell have risen significantly since 2014 outpacing inflation in response to slow in sales McDonald's and Wendy's are introducing cheaper meal options such as $5 value meal and a $3 breakfast deal. Tom? The issue here is this came out in Walmart's really big quarter and Walmart said people are coming in here for meals ready to eat. What is meal ready to eat? Well it's where you can buy basically a kit. You have a roasted chicken that they sell there all wrapped up for you and it's all been pre-cooked like Costco, Walmart, DuVine, you know what I'm talking about?

Starting point is 01:11:28 You just walk in. So they said that they were getting people coming in to get that because the fast food was too expensive. And what you have here, if you force minimum wage and then you create a 24% inflation over three years on all the raw materials, this is what happens. And now McDonald's and Wendy's have announced, McDonald's had a terrible quarter and said, brace yourself for my second quarter because that's where I'm going to get the impact of the California minimum wage increase. And guess what? They say we're coming back with these $5 meal deals. But when you take a look at the items that are going to be on there, it's not everything on the menu. They can't afford to do it. And this is a promotion trying

Starting point is 01:12:10 to get people in the habit of coming back. But getting them in the habit of coming back doesn't give them the money to go to McDonald's every day for lunch. Yeah, I had no idea that the McRib, the Chalupa Gordita and the Chipotle diarrhea ball was a now luxury at this point. But this is the reality in 2024 thanks to higher inflation. I assume some supply chain issues and minimum wage like we just talked about in the last segment. And I feel bad for families and I feel bad for the average working man. That should be a place where, hey man, I'm just going to Chipotle, I'm going to McDonald's, no big deal. But it's actually more expensive than ever and they're considering it a luxury

Starting point is 01:12:53 now? Unbelievable. It's an affordability crisis. You can run to the microphone, Mr. President, you can talk about inflation and you can talk about job creation, which was complete bullshit because all it was was people back to work that have been working at at you know a hospitality industry you didn't create more jobs and now you're creating part-time jobs and losing full-time jobs all of its coming down it's an affordability crisis that causes people to look at it and say you know what you've inspired me this is kind of a luxury.

Starting point is 01:13:25 All of a sudden, going to McDonald's, I'm sorry kids, this is kind of a, I hate to use the word, but it's kind of a luxury. We can't afford to do this all the time right now. Here's what we're doing Tom, because of what you just said right now. The Manette contest to Pasta DiAngelo has been changed to McDonald's.

Starting point is 01:13:41 Let's do it. We're gonna go McDonald's and we're gonna have Big Macs on the house. Vin. Let's do it. We're gonna go McDonald's and we're gonna have Big Macs. Yes. Freaking on the house, Vinny, go for it. Just an FYI, because I sent this video to Rob Rob, you could probably play but I don't think you have to. Just to show you guys how the downfall of our economy is,

Starting point is 01:13:57 there's so many restaurants closing, it's the bottom one, Rob. You don't have to play yet, but just, and just multiple, you know, it's all the video I've made about Red Lobsters are closing, IHOP I hops are closing not all of them but a large substantial amount old country buffet Fuddruckers Fuddruckers Fuddruckers Applebee's Denny's Marie Callender Pizza Hut Outback Sabaro Mod Ruby Tuesdays

Starting point is 01:14:18 Joe's Crab Shack there's multiple multiple restaurants closing all over the country the one next to our office red lobster I get emotional of the biscuits. I don't want to get into it right now. But you're seeing this, all the restaurants are closing and McDonald's now a freaking quarter pounder with cheese is a luxury. And I told you this the other day, what I feel bad enough for these, our homeless community, think about it. They're getting a dollar here. They're getting a dollar there. They're going to suffer immensely. This shit's going up a hundred percent, 150%. They're going to be struggling. They're going to suffer immensely. This shit's going up 100%, 150%. They're going to be struggling. They're going to be like, Hey, listen, did you give me like $9?

Starting point is 01:14:50 Can you imagine come out with a new sandwich called an eighth of a pounder with no cheese. They just throw it in your mouth. An eighth of a pounder. Well, with all the mental health issues that Gen Z has experienced since COVID. No, that's it. You don't have to show it. That's my video with the thing. Okay. With all the mental health issues that Gen Z has experienced since COVID. No, that's not the short. That's my video with the thing. Okay. With all the mental health issues that Gen Z has experienced since COVID and all the anxiety that they're dealing with, McDonald's should consider changing the happy meal to the depressed meal because it's just sad what's going on out there. That'd be really good. That's so funny, Adam. That's hilarious.

Starting point is 01:15:19 By the way, just a weird question I got for you guys. Somebody sent me this. I don't even know if I want to play it, but I'm gonna play it. I want you to see this here and tell me if there's anything weird about this. We're going to complete different. We're going random, la la land, right? So Tom, what do you think about, like if somebody were to, you say you're married

Starting point is 01:15:42 and you got a couple kids okay and you have this kid that comes over that babysits your kids she's 15 years old okay she's babysitting your girls or your kids your boys whatever you got and then years later you end up dating this girl that at 15 years old used to babysit your kids and you end up marrying the former babysitter, what do you think about this? So Rob, can you just pull up the pictures? Is that something that we know? Before you even show it, what do you think about what I just said to you so far? I think it'd be pretty weird. So okay, let me see if I get this.

Starting point is 01:16:18 You're happily married. I'm married to Kim. A 15-year-old babysits our girls. Yes, Kim Unfortunately passes away young with cancer. Yes, I go back and I start dating the babysitter and you get married to the baby So I get married to the babysitter 24 25. I think that you were good. I'm I think that I would have a tough time going to my house. I think I got a couple daughters You like dad. What the hell you do that if you would have done that, you would have been the 46th president of the United States. Go ahead and play this, Rob. Show this. This is true.

Starting point is 01:16:53 Oh, I believe it. Zoom in. So that's Jill Biden. She used to babysit Bowen Hunter. At 15? Whoa! Did you guys know this or no? I did not know that! Oh.

Starting point is 01:17:05 That's a little weird to me. Oh! And then later on, cause you know, people came back and they said, well, the rumors are not true that they dated while she was a babysitter. They dated when she was in her mid-20s. Bro, that's not the point.

Starting point is 01:17:20 You were attracted to her, guess what? At 15 years old, she was a- By the way- I don't know man. That's a little weird. So wait, are you mean to tell me the same? President whose daughter can roll in her diary PBD that her father would take showers with her at Inappropriate ages the same guy that on camera when he was sworn in as vice president has been sniffing kids Grabbing them touching them on camera and some of those girls came on said that They felt extremely uncomfortable. You mean to tell me that say who who's had sexual allegations from women throughout his entire life You mean to tell me that same guy? Married his 15 year old babysitter

Starting point is 01:18:01 Tom that's weird did the Jill Biden babysit Hunter and Bo? Listen, I wouldn't put it past Creepy Joe to do any of this. You said what? Yes. Fact check? False? Read it. The story of the first day Jill bad made relatively simple They were set upon a blind date by President Marsha and friends. I don't know man I don't know these stories of them sitting there with I don't believe I don't believe I don't know I mean it would be out of here It would be weird like if the family knew about it and maybe I'm not alleging there was a relationship The only thing I'm alleging is the fact that

Starting point is 01:18:43 She was 15 Babysitting her kids she was 15 babysitting her kids. Babysitting his kids. Well, what would be weird, I mean this is weird, but what would be weirder is maybe, like hypothetically, if his son Hunter, privately referred to and it was recorded and it was on his phone, referred to his dad as Ped-O-Pete, or Ped-O-Peter. And that is actually what Hunter referred to his dad as. Yes, that's weird. Why would your son, who's being cut in on such a lucrative international energy consulting

Starting point is 01:19:18 job, you know, why would he, gosh, it just seems weird to me that Hunter would call his dad pedo Pete. Pedo Pete, and by the way, we had a nickname from my dad, like it was drunk, like it was drunk. But to call somebody a pedo Pete, that's actually really weird. Well, let me check this just to verify this, Rob. So Jill is born in 51, Joe was born in 42.

Starting point is 01:19:46 That's a nine year age difference. That's not a big gap, right? Nine years, 10 years, it's not like it's a Macron level of greatness. We're not talking about that level of greatness. So then that picture taken in that place would be inaccurate because if you go back to that, how old do you think Joe Hunter and

Starting point is 01:20:05 but okay, so what year was Hunter born? Hunter Biden? What year was he born? He was born in 1970. He's 54. Okay. So Jill Biden is born when? When is Jill Biden born? 51. Did I say 51? What year is this? Is it 51 says it 51 yeah born 51 so that's an age gap of what 19 years yeah yeah then that's not possible and that's not possible that's a matically well that's that's not what you mean a hunter hunters that's not she's not hunters mama I know she's not I know she's not but what I'm doing a math here to see if that was sent, the level of accuracy in that, to see here. Let me see. So, so Bo is born 1969 is when he's born.

Starting point is 01:20:52 1969, 51, 18, 18. Go back to that picture, Rob. Can you go back to that picture? So zoom in a little bit. Jill the babysitter. That doesn't add up. Goldilor, I mean obviously we know the story about how, you know, when they met and all this stuff, how much younger he was, she was.

Starting point is 01:21:13 Yeah. I mean you could just tell in that photo. She looks very young. She looks really young. She looks super young. But even AP News responded, can you go to the AP News story, respond, reacting to this? The part that is not untrue is the diary, the journals coming out. The journal is 100% factual because she called, she tried, what is this Rob? This is the diary claim.

Starting point is 01:21:36 Snopes has updated it used to be mixed. Maybe it's true, maybe it's not. Now they are verifying that the diary does in fact belong to Ashley. Snopes just adjusted it. Yeah, Snopes adjusted it because Ashley wrote the letter to the judge saying when the girl Oh, read that bottom by the way. That's the key. So go to the top, Rob, go all the way to the top.

Starting point is 01:21:58 That shows what? Have contents of Ashley Biden's diary been verified? Go a little lower. So a diary authored by President Joe Biden's daughter Ashwin describes showers taken with her father when she was a child as not appropriate. Then, on the bottom, look what they say. Note, on April 29, 2024, this is a month ago, Snopes changed the rating of this fact check from unproven to true.

Starting point is 01:22:21 Where? Based on testimony provided by Ashley Biden in an April 8 letter to New York judge requesting jail time for one of the two people convicted of stealing her diary. Biden wrote, I will forever have to deal with the fact that many personal journal can be viewed online. Previous version of this fact check noted strong evidence that the diary existed but argued that no source had authenticated the content of the published online written writing the authenticity of the photographs perpetrated to the be from a diary and they said wow now remember remember I remember I reported this

Starting point is 01:22:53 PBD and I and I said that she's she stated she was overly sexualized when she was young she said I don't even want to talk about this this family of friends house that she would go to she was like probably molested and then she wrote, I was showers with my dad, probably inappropriate. So for you to have the knowhow at that age to say, I shouldn't have been showering with that hyper sexualized at a young age, along with mentions of not liking to visit certain families houses being sexualized with a female friend and having sex with my friends at a young age and Showers with my dad probably not appropriate. She's been trying to mind you her father

Starting point is 01:23:31 She wrote in the in the in the diary Joe Biden called her crying because during the election This was out. This was out people were talking about it They the they went after Joe Biden call her crying called her crying because of what she was going to go through if this got out because the information... How do you know Joe Biden was crying? It's in the diary that she called him. She says that he was crying because this type of stuff was going to get leaked. It could get in China's hands, it could get in Russia's hand, but at the end of the day, I wish somebody could sit her down and say, Ashley, I'm sorry it had to happen. You left your diary, so somebody took it and tried to sell it to James O'Keefe's, what was it, Project Veritas.

Starting point is 01:24:09 He didn't want it. They tried to sell it to the Trump campaign. Trump's campaign said, we don't want it. It's not verified. Don't even come at us with this. But come to find out that it's true. I think somebody should sit her down, Pat, and say, listen, we're sorry for everything that you've gone through.

Starting point is 01:24:21 Your brother's obviously, your father's done a horrible job because you guys are both messed up people. You both are in therapy. Your brother records every single deviant action that he does. What happened with your father? Can you please elaborate at what age were you having those showers with your father? When were you sexualized? I know it's personal, but it's out there.

Starting point is 01:24:44 The information is there and if your father It's called pedo Pete there has to be some type of you know fire there. There's smoke So I think somebody needs to ask what do you think about this? Oh, I'll just compartmentalize these two Different stories here. I have zero issue with him With Jill Biden, they've been married 45 years guys So let's just you know how hard it is to stay married Seven years to seven-year itch much less ten years much less 20 years. You've been married. How long you know about this? How long you've been married?

Starting point is 01:25:14 Tom how long you been married? 22 years, okay, it's hard. So 45 years Allegedly he proposed five different times Nine year age difference. I don't see any issue whatsoever with what's going on with Jim. Do you see any issue with what's going on with his daughter? Now what I will say is whatever happened with Ashley Biden definitely seems creepy. I know he has the nickname Sleepy Joe.

Starting point is 01:25:38 You might want to change it to Creepy Joe. But do you think she's going to talk? No. Do you think she's going to come out and say anything? No. Do you think the American people actually really genuinely care about this when there's inflation and cost of living? I don't see this being a massive story. I think the hunter Biden thing was way more ridiculous. But yeah, people can talk about this all they want. If this is something that motivates you go for it. But specifically with Jill, I don't think it's an issue. I think the only I think I

Starting point is 01:26:06 disagree Adam a little bit because I think it is a big issue with all the sex trafficking and pedophilia and the Epstein's and all the shit that we have to be hearing all the time that gets swept under the rug if the president the sitting president the United States has been on camera grabbing young girls sniffing them making them uncomfortable I don't care who you are, seeing that bothers me and I'm not even a father. I'm not a parent. And those people just stood there and they're laughing. He's been getting away with it for years.

Starting point is 01:26:34 They protect this type of freaking behavior. And for his daughter, this is proof, 100% proof. She said it. I didn't write it. I didn't say it. She's saying that and the son is- By the way, stay on that. Yeah, what do you think you think that is? You think that the fact that Snopes like if I'm Trump yeah, I'm using that for thousand percent

Starting point is 01:26:55 I'm gonna say so Snopes was protecting you then on April 29th of 2024 it flips from You know, you know, what do you call it? Can't verify to now it is true that it happened. Do you think Trump could use that as a similar story he used with Clinton rape Hillary in the debate? Would it would Trump use something like this? You betcha. Look, it seems creepy. None of us know what happened. But I will say the only way you'll get a smoking gun is if the daughter of the president, by the way, she's the daughter of Jill Biden.

Starting point is 01:27:32 She's not the daughter of Hunter and Bo from a different mother that died, I guess, in a car accident years prior. Is if she comes out and says something, she's the only witness. So you know, no witness, no crime. So she'd have to come out and say, yes, this happened. What's the likelihood of her ratting on her dad? Less than zero? So it's not about she's she's this is worse than ratting.

Starting point is 01:27:56 This is you send an email asking to give my journal back, verifying everything that's in the journal that is now public. Rob, can you see some of the strange things in Ashley Biden's journal? Just kind of pull that up. I've never even looked into this, just so you know that. This is the first time I am asking someone to Google this. No, what I'm saying is I haven't, but I think people need to. If this is now officially true, what's in the journal? Well, Newsweek is definitely not going to talk about it. The other day Newsweek said that Tucker signed with Russian TV.

Starting point is 01:28:35 So Reuters is not going to tell you who actually wrote what's in the journal. So maybe the way you got to do it is you got to go Ashley Biden in the journal and then go to images and see notes. Oh there it is. I found this one here. Okay, so this is the one that is out. Was I molested? I think so. I can't remember specifics, but I do remember trauma. I remember not liking the Wozak's house. I remember somewhat being sexualized with Caroline. I remember having sex with friends at a young age, showers with my dad, probably not appropriate. I mean, that's in the journal. These are weird things to be said. So what I think it'd be important to distinguish what she just said is that the sexualization occurred at what was the name?

Starting point is 01:29:31 The walls act house. Yeah. Who are those people? The neighbors, the neighbors. But I just think let's just be careful for accusing Joe Biden of molesting his daughter. No, we're not. Is it creepy to take showers? Sure.

Starting point is 01:29:43 No, I'll tell you this from a personal experience. Fact check this, Rob. She went to Tulane University in the late 90s, early 2000s. A lot of my friends went to Tulane University. I went to Florida State University. I would make a trip once a month to Tulane, Florida State. It's about a three, four hour drive across New Orleans. Yeah, New Orleans right yeah New Orleans when I tell you that Ashley Biden was out there partying having fun and allegedly one of my friends if not several of my friends might have had fun with Ashley Biden but yeah that's college but you know drugs partying Tulane Mardi Gras it's it's a night but here's the thing I don't know what on social know what I will say now is

Starting point is 01:30:25 that she's married. She's a family woman. Thank God she's doing better. But here's the thing. Nobody's accusing him of anything. I don't know. Nobody's even as I'm just saying, I'm telling you what the daughter is saying. Tom said what the, what the son has said in text and in, in, in dialogue. And what we're saying is we keep seeing videos of Joe Biden being disgusting. So I can assume I can say it looks pretty freaking creepy. And I guess what I got to tell you, we've seen Joe Biden like sniffing people's hair. I mean, he has to explain that, but he'll never know. It's cute. They laugh. They laugh. But nobody says what have we actually seen though? I don't want to see anything. Ask his daughter. That's what I'm saying. Ask his daughter. I don't know because there's a video of her

Starting point is 01:31:09 Adam Adam, I'm telling you look I get there's a lot of people out there that want to believe you and want to believe you're Right. No, I'm right. Nothing here. Hold on Adam. And here's the problem, bro I'm at least standing on a mount I'm saying this is what I'm seeing and how much more do you need to hear or see that the daughter is saying, my father showered me at an appropriate age. It's coming from the daughter. I'm not grasping for this.

Starting point is 01:31:34 She's obviously was over sexualized. This is Jill's daughter. Hunter Biden is a freaking crack head that does drugs, records everything, sleeps with all these girls, he sleeps with his dead brother's wife. This whole family is effed up. All the kids are effed up.

Starting point is 01:31:51 Period. All of them. So you have to ask, what was the father doing? Maybe it's the father. I'm not accusing anybody of anything. All right? I drank, Adam. I was an alcoholic.

Starting point is 01:32:01 You know why? Because my father was an alcoholic. His father was an alcoholic. My grandfather's an alcoholic. From what Joe's showing me, he likes smelling kids, he likes touching people, grabbing them and pulling them towards him, and look what happens. His son's a crackhead and his daughter's messed up, banging 90 guys at colleges. So maybe it's the father, Adam.

Starting point is 01:32:18 Maybe it is the father. Vinny, you figured it out. I'm just saying. Well, it's something. But I don't know where you're going. I'm not going anywhere I'm just but you're talking to Vinny. No, no, but making allegations galore. I'm not making allegations. You're not you're not When did I say he molested her?

Starting point is 01:32:34 The only thing you said that is allegations is 90 guys because he didn't say 90. Okay, just kind of give a number Yeah, whatever. I think everything else and and that's adam's story Okay, that's not even a story that i'm gonna give credibility to that's his friend saying That they hooked I would actually buy it. Okay, great. Yeah, whatever. She's 41. That's you know, she's around your age anyway So a girl at college had boyfriends. Oh my gosh. Yeah, not I'm not but I'm not guys I'm not worried about that. What I'm saying to you is the following Okay, if if you look at Tom's kids, okay, one has a 4.6 GPA, the other has a 5.06 GPA. They allowed her to take AP classes in sixth grade, okay?

Starting point is 01:33:16 Now you have regular A's, then you have honor A's, which you get a five, then you get what, APA's, which is a six apparently, right? That's what it is. Now it is nowadays Yeah, okay, so do you think Tom's girls have that kind of a GPA you think Tom and Kim played any role in that? What do you think Adam you think there was a role Tom and Kim played in? The the results their daughters are getting of course of course okay, so if you think a Good quality or bad quality, something that somebody has, you think maybe some of that was caught by someone, they say there's more caught than taught in

Starting point is 01:33:53 parenting. Wow. There's more caught than taught in parenting. Don't tell me how to live my life. I'm gonna duplicate what you're doing. There's more caught than taught in parenting. It's kind of weird when your son dies and your other son hooks up with his wife and then your daughter's writing stuff like this. When's the last time you heard about someone's journal being out with talking about my death? It's a little weird. That's the part where you got to give credibility to weirdness and now what he does with that, it is what it is. Exactly. You know, it is what it is.

Starting point is 01:34:28 All right, let's go to the last story here before we wrap up. And this has to do with Israel airstrike and RAFA kills dozens in Netanyahu's acknowledged tragic mistake. CNBC News, let me go through this here. And Vinny, I'm coming to you first and then Adam, I'm going to come to you because I think you said you had something as well with this story. At least 45 people killed in airstrikes in the southern Gaza city of Ra'afah. Local health officials said Monday drawn swift commendation against Israel.

Starting point is 01:34:56 Gaza officials said the strike killed at least 45 Palestinians, including displaced people living in tents that were engulfed by fire. Prime Minister Benjamin Netanyahu said there has been a tragic mistake and that Israel was investigating the airstrike. It came hours after Hamas claimed it fired a barrage of rockets from Gaza toward central Israel as rocket sirens rang for the first time in months in cities like Tel Aviv. Gaza's Ministry of Health said in an earlier testament that never before in history has such a large number of mass killing tools been amassed and employed together in front of the world as it is happening

Starting point is 01:35:36 now in Gaza, noting severe shortages of water, food, medicine, electricity, and fuel. Vinny? All right, so thanks, Pat. So Benjamin Nanyahu said that this was a tragic mistake. Okay. What does that mean? Okay. Some of the reports say that he was trying to target two Hamas terrorists. And my question is, did they even get them? Did they kill these guys?

Starting point is 01:35:56 If it's a tragic mistake, to me, it sounds like they didn't. All right. And we're supposed to believe Bibi Nanyahu, the same guy who was supposed to be on trial for bribery, fraud, breach of trust on October 7th, a day that we still have zero answers of what actually happened. Zero. You asked John Kirby, now's not the time. We're at seven months. Nobody wants to even, not even a hint of what happened.

Starting point is 01:36:21 All right? This is the same guy that the ICC recently applied for arrest warrants. And the reason for these warrants causing extermination, causing starvation as a method of war, including the denial of humanitarian relief supplies and deliberately targeting civilians in conflict. So here's my question. When is Israel's tactic war tactic military going to change? PPD is getting to Hamas terrorists worth killing 50 civilians

Starting point is 01:36:45 or 100 what about a thousand do you guys think if there was a thousand people there and they wanted to get these terrorists would they have bombed them uh bombed that that camp okay and i saw the videos guys it ruined my night watching the aftermath of these children's faces blown off it ruined my night okay so what is the Hamas terrorist civilian ratio that we're going to go with? Because that kind of tactic, you could do whatever you want. You could kill as many people as you want and just say, hey, we made a mistake, we thought Hamas was there, we're going to move on. All right? Second question, since October 7th, how many innocents Israelis have been killed from Hamas shooting these rockets?

Starting point is 01:37:24 Do any of you guys know? How many? I'm just asking. Anybody know? Because we keep hearing, like you said, he said rockets were shot from Gaza. They weren't shot from Ra'a. They were shot just from Gaza. The Iron Dome knocks out how many percentage out of them? Do you guys know? 90 some percent, which barely anybody dying. Okay. So yesterday, I'm going to bring it back to me. I posted a tweet yesterday at PBD talking about the situation and automatically, because I go, hey, could somebody tell me how this is, you know, helping the situation or how is this defending Israel? Okay, and somebody automatically was, he's anti-Semitic. Okay, and here's the thing. You can't criticize Israel at all without getting the anti-Semitic thing. And soon, as we all know,

Starting point is 01:38:04 Israel at all without getting the anti-semitic thing and soon as we all know Congress is trying to pass a bill that would broaden the legal definition of anti-semitism to include ready for this the targeting of the state of Israel conceived as a Jewish collectivity that's kind of convenient okay that being said I want to remind every American out there okay besides all these college idiots that are paid by Soros and they're pro-Hamas to hell with all those idiots you all have the right to criticize any government and any leader, okay? That has nothing to do with the Jewish people, because I know even right now people in the chat are like, he's anti-Semitic, okay? That doesn't make you anti-Semitic.

Starting point is 01:38:38 Don't be scared, okay? I was in the United States Air Force and I criticized George Bush Jr. pre-9-11, post-9-11, and then after for what they did with the illegal war in Iraq that killed a million, a million people because we said they had weapons of mass destruction. Does that make me anti-American, Tom? Does that make me anti-American? No. It makes me an American patriot with the balls to point out any atrocity done by any side.

Starting point is 01:39:02 And when my tax dollars are paying for those bombs that are killing people, I could talk. And that's why, PBD, I saw the post that we posted yesterday from Valuetainment. That's why yesterday was such an important day, Memorial Day, okay? It's a day that we honored the brave men and women who laid down their lives, the ultimate sacrifice

Starting point is 01:39:21 that gave us the liberty to live freely and speak freely. And I'll be damned if anybody's going to label me anti this or anti that when I want to criticize governments and people that run the governments. And that's all I have to say. Adam, respectfully, what's your solution? What's your point? Let's kill everybody, Adam. I think they should just stop wasting time and bomb everybody because what they're just looking for these Hamas you're not

Starting point is 01:39:48 it's impossible. Why would they want to kill everybody? Well then what are we waiting for? Like what are you waiting for? What are you suggesting? Because Adam because they didn't want by the way the guy has warrants he's gonna have warrants soon for his arrest the people don't trust him. What's your solution? How about this? Hold on can I say one thing? I don't know Adam, but guess what? The plan that's happening right now, it ain't working bro, because we keep seeing this shit happening and nobody's saying anything. Whoops, up, my mistake. 50 people dead. What do you mean nobody's saying anything? There's protests galore. In Israel, but is that stopping? Is that, is the gas slowing down? So what's your solution?

Starting point is 01:40:24 I don't,'t Adam you tell me I'm not in front on a rant. I'm not in charge you my I said, okay I said this from the beginning how about a tactical thing to go get these guys How about if you if you want to go find two Hamas terrorists? You're gonna drop a freaking god knows how many pound bomb and blow and then just say I'm sorry We made a mistake come on, bro That's I I'm not cool with that. The tactic has to change. You have special forces, you have these IDFs, and you nailed it, Adam.

Starting point is 01:40:51 Those people that are protesting in the street, they're IDF soldiers that are disgusted with Benjamin Netanyahu. It ain't me protesting, it's his own people. What do you think? Historically speaking, Adam's been trying to start here. The only thing I'll say is it seems to me that historically speaking is Israeli special forces and Mossad have, when they wanted to go surgically take care of somebody, they've done a pretty good job doing it. And so, and if they know where these certain leaders are, you know, you would hope that they would be taking those kinds of precautions. October 7th was an atrocity.

Starting point is 01:41:24 It is a horrible mark that's now in the history of mankind. Israel had a right to defend herself, but from that point forward we've we've we've we're sliding into a quagmire just like Vietnam, just like Korea, and the citizens are paying a price when we should be able to figure this out. And with the technology and the modern intelligence that they have, why can't they go surgically talk and get the people they want, bring the hostages home? Why does this have to be this quagmire that just reminds me of Vietnam and Korea, these forever wars? And it sickens me.

Starting point is 01:41:59 I hate to see this. And I hate to see, oh, we made a mistake and this was a refugee camp or this was a displace people aid or an aid organization it's like these so these are people trying to get out of the way and now they died yeah it's just it's it we I think we've got the tools the intelligence to bring this thing to an end draw the lines that need to be dry and move forward that's where I'm at. Here's a few things I've learned since October 7th Never rushed a judgment, especially when the Hamas

Starting point is 01:42:35 Union is the one that's bringing out all the news the Hamas Brigade. So we've we learned in That there was a that was a bombing of a hospital. Oh my God, Israel bombed a hospital. Turns out it was the Muslim Brotherhood or one of the Islamic Jihad counterparts. It actually was a rocket that hit the hospital. Okay. All right. Whoops. Blamed it on Israel.

Starting point is 01:43:00 We learned that the UN said there's 30,000 innocent women and children. The UN just came out and secretly reduced their number almost by half. Turns out we were wrong. Okay. Nobody talked about that. This story, I saw this over the weekend. I was like, Holy shit, this is, this isn't good. This isn't, this is the UN reporting. Yes. If you trust the UN, that's fine. I don't trust the UN, but go ahead. You could go ahead. Who do you trust? I don't trust the UN. I don't trust none of them go ahead and make your point you trusted this story that came what I mean who said it Benjamin Daniel so we made a mistake

Starting point is 01:43:29 Adam again you're saying that I'm saying it your boy said it Vinnie listen okay your boy said it don't say don't words in my mouth so Rob pull this out there there was actually a video of the day I sent you on slack of someone in Palestine reacting to it. And the word, this is sort of the biggest problem, you know, but the world economic forum said it's misinformation and disinformation. Part of that is also miss misunderstanding words. So there was a authentic video from Gaza Strip in which a Palestinian civilian from Ra'far heard talking about the attack and saying the army bombed a Hamas Jeep full of weapons and ammunition. There's stories out there

Starting point is 01:44:14 basically saying that they bombed a humanitarian area. No, they bombed a jeep that was full of weapons and ammunition and the word that they used, this is, maybe now this is technical, this is what happens when you try to interpret misinterpretation. He didn't use the word mistake. He said mishap. So if you speak Hebrew, you understand. So nobody talks about the fact that Hamas was firing missiles into Tel Aviv. Let me ask you a question. If Mexico was firing missiles into Dallas, if Cuba was firing missiles into Miami, if Montreal was firing missiles into New York, what do you think the United States would

Starting point is 01:44:59 do? We'd go after them with hell and with fury. Even Trump used the words about Kim Jong-un with fire and fury will come after you. The guy on the ground, this is someone in Palestine, may God deliver us from this trouble of Hamas. So what we're understanding is this, we rush to judgment and just think that Israel is indiscriminately killing people. You sort of made a joke.

Starting point is 01:45:22 Why don't they kill them all? Why don't they? Because they don't. They don't want to kill all these people. Why doesn't Egypt take them in? They're in Ra'afah. Take them in. It's not their responsibility, Adam. When people say that, it drives me nuts. Whose responsibility? It's not Egypt. You went on a nice 10 minute rant. It's not Egypt, though. But it's not Egypt. Whose responsibility? No. Here's my point. You guessed wrong. You thought that they intentionally did this. Wait, wait, wait. Because you showed me a text from a guy that wrote something on the internet? So here's where I'm likely to believe. A guy that lives in Palestine that was there for this rather than Vinny.

Starting point is 01:45:57 So that's where I'm at with it. So it was a mishap where they actually, nobody talks about, they were going after the people that shot missiles into Tel Aviv. Someone was hurt and killed, not hurt and killed, injured and hurt Salih. Why do I know about hurt Salih? Because that's where I stay when I go to Israel. So it's a nice area. They're trying to get, so imagine if you're Israel, you have Hamas to your west, you have Lebanon, Hezbollah to your north, you got Syria, Al-Qaeda, ISIS, you have Iran attacking you. Israel is the only country in the world with their neighbors literally genocidal Islamic jihadist maniacs and when they try to fight back they're like Israel you're fighting too hard. No country in

Starting point is 01:46:39 the world should is villainized for trying to win a war. By the way, speaking of winning wars, here's just a quick fact check of what wars are going around the world. Ukraine. Remember that? Remember that whole thing that everyone cared about? No news. Ukraine, Sudan, Yemen, Haiti. You see what's going on there?

Starting point is 01:46:58 The guys literally eating human bodies. China, the Uighurs. Remember all those people that were getting killed? Forget about those guys. Ethiopia, Myanmar, Congo, Syria, Libya, Mexico, and the cartels killing people. In West Africa, the jihadist groups in West Africa, in Mali, Niger, and Burkina Faso, there's no talk about anything else. No Jews, no news. All these wars are going on, but our friends want to rant and rave about us trying to eliminate Hamas.

Starting point is 01:47:32 What's my point? Nobody gives a shit. Why do I say that? Nobody in America actually gives a shit. We've seen the media try to prop up these student protests. Turns out it was just happening on a liberal, on massive, woke, elite universities. No one else gives a shit. But when you actually poll the American people,

Starting point is 01:47:51 and you say, hey, what do you actually care about? What are the issues that actually affect you? Do you know where Hamas and Gaza's on the list? It's not. People care about the economy, defending against terrorism Hamas reducing influence money in politics Reducing health care costs improving education making social security financially sound reducing crime dealing with immigration

Starting point is 01:48:19 Reducing availability of illegal drugs the budget the deficit improving the job situation. These are things that Americans care about Everybody wants to talk about Gaza. No one cares Israel is gonna win their war against these terrorists and the is going to bitch and moan when mishaps happen, and you're going to jump to conclusion, nobody cares. I disagree 1000% that nobody cares, Adam. Those 50 families that are freaking burning under the ground, they care. The Palestinians here that aren't pro-Hamas or whatever, that love their families and stuff, Adam, They care. Okay. The Palestinians here that aren't pro-hamas or whatever that love their families and stuff, Adam, they care. No, when I say nobody cares. I care. You poll the American people. I don't care about what's going on in Gaza. Okay. That is not even in the top 10, but barely in the top 20. Adam, and that's fine. And it's not even in the top 15 for Gen Z. But you know, Adam, so I know that you want to blame what's going on here, but let the facts come out Vinnie Adam

Starting point is 01:49:06 You know Nothing, I you literally know so nothing guess what and you're jumping to conclusions. I don't facts come out I know nothing. Let the facts come. I know nothing the freaking prime minister of Israel said whoops We made a mistake. No, it's in Israeli in his in Hebrew it's called a mishap. Mishap aka mistake Adam. Mistake. Yes it was. They bombed an ammo post with weapons that were shooting missiles into Tel Aviv. Vinny if you were the Prime Minister listen. Hold on wait before you go then. So you know for a fact the missiles were coming from Rafa? Is that what you're telling me? No no he said Gaza. Were they coming from Rafa? That's literally where they said. No, no, no, no, no, no, no, they

Starting point is 01:49:47 didn't. They said from Gaza. They weren't leaving from the encampment where they're innocent people. And here's the point, Adam, you want to talk about making points? You're missing my point. My point is I am an American. My tax dollars, we just said, well, how much was it, PBD? 28 billion to Israel. I have the right to talk as much shit as I want about him and the government's actions. Vinny, you have every right to talk as much as you want. You also have the right to be loud and wrong. No, okay. And you're doing a great job of it. Tell me one thing I'm wrong about. I'll wait. Go. Everything you just said. Adam, you're absolutely wrong. You haven't said one thing that's right. Let's do this guys. Let's do

Starting point is 01:50:23 this. So let's take a let's take a step back So Vinny what I want you to think about is to follow on I want you to think solution, okay because Like you know how when we're talking with T Cole or Dylan and then they say stuff politically and what I'll do You tell them explain yourself as it don't do that. I said give me reasons. Well that person is the worst ever. Don't say that Give me what you would do differently, right? Yeah, so right now, you know, what's what's very tempting to do Is to take sides. It's very tempting to do to take sides because

Starting point is 01:51:01 No matter what side you take That group's gonna be, you're the only person, you're a truth seeker, keep doing it, blah, blah, blah, blah, and they're going to rile you up, right? And those Jews or those Muslims or those, you know, both sides are going to feed that machine, right? It's not easy to stay as stable as possible while everybody else is kind of like doing a rally cry like

Starting point is 01:51:25 you're the spokesperson for that community. It's tempting to not fall for it. Power versus force, you want to, can you pull up the power versus force chart, Rob? We all fall for this trap. Go to power versus force chart and go to images and zoom in. And this is my goal with myself and my kids and America, zoom in as much as you can, and go to the one right in the middle, level. You see where it says level?

Starting point is 01:51:50 Levels of consciousness, do you see it? Okay, look where anger is at. Zoom out a little bit, Rob, zoom out a little, okay. There you go, anger is below level of courage. Anger's even below pride, fear, desire, all of that. Okay, no problem. And then the lowest level is shame. Shame, fear, desire, all of that. Okay, no problem. And then the lowest level is shame. Shame you don't get anything done.

Starting point is 01:52:08 Guilt, apathy, grief, we know people that are on those levels. Then you have, you're afraid, you have desire, alcohol, drinking, you've grown past that. Anger, pride, great. Now it's courage. Courage to be right, the courage to be wrong. Earlier I showed a picture of babysitting with, what do you call it, with the two kids of and then while I wrote out the numbers, I'm like, no, I'm wrong. That's not even possible. One guy sent it to me. I'm like, let me do my own fact check.

Starting point is 01:52:30 You have the courage to be wrong at times, right? Then it's neutrality, and you're able to kind of balance out both sides to hear the arguments. Then you're willing to hear opposing arguments, which, America, we don't have that right now. We are not there right now. We don't have any of those three right now as America. Then it's acceptance, then it's reason, love, joy, peace, enlightenment. I like to stay at reason, love, as much as I can to go up to those two levels to be able to reason and to love people.

Starting point is 01:53:01 I love Muslims, I love Christians, I love Jews, I love people. I found myself. I'm at the soccer thing the other day and this one lady talking to her daughter and she's the same age as Tico. I said, so what's your favorite subject in school? She says, I love math. I said, awesome. And I said, do you like people? Her mom's like, she loves, she gets along with everybody. I said, you give me somebody that loves math and loves people, you're going to have a great creative financial services. Go become a stockbroker, whatever it is, do something with that business, right? So people, I like people, I like talking to people, whether they agree with me or not.

Starting point is 01:53:38 In this situation here right now with what we got going on, the money that we spend, whatever the number was, $24 billion, of which I think like $12, $13, $14 billion went to Israel, the other one to Gaza, the food supply, which many of the times the money never makes it to the people. And who holds it up? Is it Israel holding it up? Is it Hamas holding it up? Is it who's holding up the money and the resources from getting to them? Who knows?

Starting point is 01:53:58 We're learning about all that stuff. Mishap, mistake, mishap, mistake. That's plain wordsmith. And Netanyahu as a former journalist, having come up from that place, he knows the power of words. So you know, it's kind of lazy to say mishap mistake. Hey, it's a mishap, it's a mistake. Just say, hey, here's what happened.

Starting point is 01:54:18 Great. Again, translation can be lost. Fair, no problem. I'm not going to sit there and try to become a translator. I get it. Money sent to them. Fair, no problem. I'm not going to sit there and try to become a translator. I get it. Money sent to them, money sent to Ukraine, isolationist position of we shouldn't send any money to anybody. Okay, that's a great position to take where you can say my position is X, Y, Z. Here's why. No problem. But at the same time, you know, do we want to get an ally in the Middle East? Who is the only ally that we have in the Middle East? If we don't have a single ally in the Middle East, then what

Starting point is 01:54:47 happens? They have some resources. We have to have an ally. Let's try to be good with MBS. The guy's pretty powerful. He looks like he's pretty reasonable. We can do some stuff with him. He even killed a journalist, right? We know what they said. So, yeah, so then we go Israel. You know, do they want to have allies with us? Iran doesn't want to be allies with us. There's so many different ways. These people don't like you. They just don't like what we stand for. Literally, Vinny, they don't like what we stand for.

Starting point is 01:55:13 So now, you may say, well, you don't know what they've done to them. I've lived there and I understand the hatred that they have towards America. And then, you know, with the Jewish community and, you know, but look at the amount of stuff that they control. Yeah, I'm also understanding that they did that. But to me, they own music industry. Look what they're doing. Okay, you know what my solution is?

Starting point is 01:55:35 Then why don't you freaking compete? I'm talking to Vivek over the weekend. You know what Vivek did to compete? He bought 7.7% of BuzzFeed. Did you see the letter he wrote to the board today? This morning? You should see the letter Vivek wrote to the board today. Flat out calling them out, okay, to the board today.

Starting point is 01:55:54 Anyways, what's the point? The point is, is this it? Here it is, my letter is below. This letter he wrote to the board today. Look at the way he starts it. BuzzFeed has lost its way. The company was a pioneer of the social internet when referral traffic from Facebook seemed like it would never end.

Starting point is 01:56:13 Legacy media companies and publishers believe that BuzzFeed had the secret sauce so much that they invested at sky-high valuations, copied the strategies, or both. Not the social internet media model is dying or dead and Buzzfeed is caught without a viable strategy. I'm not alone in believing that Buzzfeed went public in December of 2021 at a valuation of 1.5 billion when I started acquiring shares in your company as of January 30th this year. Your share prices has plummeted 94%, Vinny. 94%.

Starting point is 01:56:43 So what is he doing? He bought, I am now your second largest class A shareholder with an 8.37% stake in your company and I continue to increase my position. Anyways, you go all the way to the bottom, go all the way to the bottom, the worst is yet to come, he's talking about everything that's going on, go all the way to the bottom, keep going, keep going, keep going. Wow, he's a writer. No, no, he's a long, this is a legit breaking down. You know what he says at the end? Go all, okay, there you go, keep going. Wow, he's a writer. No, no, he's a long, this is a legit breaking down. You know what he says at the end?

Starting point is 01:57:05 Go all, okay, there you go, right there. I urge your board to add the three proposed new directors by July 15th. I look forward to arranging meetings in upcoming weeks. He's going to suggest certain people to be on the board with Buzzfeed, etc., etc. What's the point? He's doing something about it. So what I like us to do with PBD Podcasts or Value Team, and anytime I do like the EV stuff that I did this video with China, I'm looking at, that's problematic for me.

Starting point is 01:57:31 Why? You know when Tom is like, he's like, well, no, here's the thing with China that, but they got the freaking resources. How the hell are we going to compete with this long term? That's a sincere, tonight we're going to put 100%, you know, what do you call it? Tariff. Tariff. China're going to put 100% you know what do you call it? Tariff. Tariff. China is going to say screw you, 80% of your antibiotics I produce.

Starting point is 01:57:50 You want me to put freaking tariffs on your antibiotics? Let's play this game and see how many of your people need the antibiotics. So that's the part where it's like how do you play this? You got to dance right because you need that relationship but at the same time you can't allow them to bully you and then they come and they sell BYD in the U.S. and all of a sudden, our car companies drop stocks and 50% were hurting our workers in America. I'm not okay with that. So how do you battle this out?

Starting point is 01:58:15 So this is not an easy job to do while I'm listening to both sides. I am with you on the rage and the anger and this is why people love you as the angry patriot. By the way, millions of people understand your anger. Millions. This is why I love this, you know, when we have this home team, when we're having this conversation, I love, I'm trying to add a handful of other people to the group so we can have a rotation with different people, unusual suspects now doing it's stuff, and it's growing.

Starting point is 01:58:41 I know you guys did an unusual suspect last week together with, what do you call it, with Brian Callan, great conversation. Tico, my oldest son was in the back listening to you guys the entire time. So these are good conversations to be had, but the part that we can't fall for the trap is to allow it to distract us with being America first. To me, this is number one. America is number one priority for me. If America stays strong, the rest of the world can act like clowns destroying other people. If a stronger president was in the White House, there is no October 7th.

Starting point is 01:59:19 If a stronger person was in the White House, there is no Ukraine, Russia bullying, if there's anything that's happened, Vinny, the last three years, Democrats, independents, people who have never voted for a Republican president in the last three years are considering doing that because that is the closest thing to someone that can give them the freedom, free market, free assembly, freedom of speech, all of those freedoms that America was founded on It's getting common sense to become popular again. That's the part what we can't allow it to do Is to get us to be divided and forgetting. What is the number one priority America one time? I called him Israeli I don't know if you remember that in the podcast. I called him Israeli three months ago

Starting point is 02:00:02 You know how quickly corrected me? What did he say? He said, no, no, no, I'm not Israeli, I'm American. And I was saying, I was trying to say Jewish, but my English made my fifth language. He says, no, no, no, I'm American. I'm American. And he kept saying it, right? So his pride is where? America first.

Starting point is 02:00:19 What's yours? America. What's Tom's? America. What's mine? America. What's Rob's? America. What's mine? America. What's Rob's? America. We love America because we live here. By the way, if you live in Israel, what should you be? Israel first. If you live in Gaza, what should you be? Palestine first? Of course. If you're in Egypt,

Starting point is 02:00:36 if you're in Germany, you better have that freaking pride. For sure. I tell this guy, I'm Christian. I tell him, why don't you go to, you know, synagogue more. Why don't you go? Why are you not going to represent in your faith? Go to it, right? I of course understand your pride of where your bloodline comes from, but the one thing we can't do is to allow that division to come here with us. That's the part where somebody watches this podcast and they say, let me tell you. And now we're getting more and more and more and more like this. What we've been able to do with PBD podcast is to get more people to go like this

Starting point is 02:01:08 Yeah, yeah, I get a lot of heat from people on the left. They got these funny emojis not emojis What do you call it funny memes? They make with the stuff on my hat. I mean some of the stuff hilarious Hell hilarious, and it's both sides. Yeah, right that they make but at the same time we have to do our best Right, that they make. But at the same time, we have to do our best, individually and collectively, to be in the community of having the courage to debate, which we have, being willing to hear different sides' argument, which we're willing to do,

Starting point is 02:01:36 accepting the fact that at times we could be wrong, which we are, and we're wrong a lot, allowing to be able to stay neutral, so we can kind of see, and one a lot, allowing to be able to stay neutral so we can kind of see and then reason and understanding that you gotta lead with love. If we can love people, if we can love even people that we disagree with, it brings a temperature

Starting point is 02:01:56 and we have a shot at making this thing the greatest again without all the other mess that's taking place. That is my only suggestion. Anytime that even myself, when I go there, I try to bring my own temperature down because whether it's personal life, marriage, relationship, friendship, business, enemies, any of that stuff, that allows me to make better decisions. So while we're proposing whatever we're proposing, this is my request to everybody moving forward. And I love it.

Starting point is 02:02:20 And obviously we know the love here doesn't go anywhere. Are you kidding me? Of course I know that. Oh, of course. And the point, I love what you were saying, the point is I just wanted to reiterate that you can criticize people and governments and not be the label of anti-Semitic. To say that I hate Jewish people is the most ignorant, stupid thing to say. Adam is my number one.

Starting point is 02:02:42 Adam is my freaking brother. So I want people to understand just like you're- But that's not the point. The point I want to make is the following. Here's the point I want to make. Here's the point I want to make. I want to make the point of the following, okay? So let's just say we're doing a boardroom meeting and we're running XYZ company. And Rob is our CMO. God help us, but go ahead. Yeah, but seriously, Rob is our CMO. And Rob walks into the board, You're the chairman of the board. I'm above I'm above him your number one

Starting point is 02:03:10 You're the chairman of the board yes Adams the president times a CEO. I'm your chief Picket information officer. Okay. I'm your CFO. I'm your numbers guy. No problem You're the top guy in this scenario Rob comes comes in. God help this Rob says Rob says Let me tell you what's going on XYZ company asked we're doing this but ABC company is spending this much money on their budget and they're spending money doing ads on Facebook and Google And they're spending 1.2 million dollars per month and they're doing 2.2 million on Facebook and they're doing $600,000 on tik-tok in the last six months their budget for tik-tok has gone from $100,000 a month to $600,000 a month and da da da da da.

Starting point is 02:03:46 And that's a lot of problems that's going on with XYZR company and we have to find a way to get better. What are you going to say to them? Take a chill pill. And then what are you going to tell them? What are you going to want as the chairman of the board? What do you want to hear from them? I want a solution.

Starting point is 02:03:59 Okay. Yeah. So everything was a rant. Now it's going to be like, oh yeah, but I don't have any. I'm just kind of giving you this. If we, all of us, him, me, you, Tom, all of us, there's plenty of podcasts that people listen just to listen, but if we come in and we say, I don't like that this is going on, now watch what happens. Look at your level of preparation from the first podcast to today. It's crazy. Star, right?

Starting point is 02:04:25 What's happening. But now imagine if all of us are now going through it and that next additional, so you write out the notes and everything you write down at the bottom, guess what you finish it up with? Vinnie, what's your solution? Adam, what's your solution? Rob, what's your solution? Tom, what's your solution?

Starting point is 02:04:41 PBD, what's your solution? If I don't give a solution, me, I'm being lazy. So if I do a how-to podcast, I say, okay, so what's the solution with this? What's your problem? Tom, what's your solution? PBD, what's your solution? If I don't give a solution, me, I'm being lazy. So if I do a how-to podcast, I say, okay, so what's the solution with this? What's your point with EVs? What's your point with diamonds are such and such and they're, you know, what's your point? Everything has to end with that. The more we end with that, we're getting everybody to elevate themselves from just

Starting point is 02:05:01 being angry, patriots, to okay, use that emotion and anger that you have and provide me some solutions. Look what Vivek is doing. Vivek is angry. Trust me, he's angry. Vivek is an angry patriot, but Vivek is proposing ideas, okay? You may later on be running for something. Who knows what's gonna happen? You never know what's gonna be taking place. I think unusual is gonna be one of the biggest podcasts. We drive it the way it's going. Conversation being entertaining. But at the same time, I think if we go and shift that mindset into thinking solution-oriented

Starting point is 02:05:33 every single time, we'll come up with both. And that's you as well, by the way. You know, that's you as well. That's all of us to come back and say, like for me, when I'm listening to this, what am I going through this? Okay, well, you know, look what they did. They blew up this place 4550. Okay, don't use lazy words.

Starting point is 02:05:48 People died. You know, mistake. I don't know what he said exactly with the verbiage. So that part is accountability with them. Number two, what do we do here? Temperatures. Do we increase it? Do we lower it?

Starting point is 02:06:00 Do we make a statement? Look, we're not giving any more money. Those are some of the ways that we're not giving any money until you guys are able to figure XYZ out. Okay, what if the US does the final one? Seriously. What if the next round you want money? What if the US president comes in and says this, we're not giving any more.

Starting point is 02:06:16 So Congress comes out and says, $600 billion bill, we want to send another $30 billion to Ukraine and another $20 billion to Israel and what do you call it, in Gaza or Palestine, right? And what if the president says, yeah, I'm not doing it? Why? The only way I'll do it is if Netanyahu and his crew and Palestine and their crew and Hamas are willing to all get into a room together and I'm going to fly down, we're going to have that meeting.

Starting point is 02:06:44 That's the only way we're doing it. Close door conversation we need to have together. What if a president did that? Pretty awesome. You want the money, we'll send it to you, but I'm not going to send you any money if you're not showing me any way of making peace because whatever I'm sending you right now, you're going to need it 30 days later, 60 days later. I'm not doing it.

Starting point is 02:07:01 I'm going to have a meeting with you guys. What do you think about that, Tom? With the idea of always thinking about a way to have a solution instead of, you know, keep sending money to everybody. I completely agree with that. I finished my points with we have the technology, we have the intelligence, we can bring it to the table, and we can bring the suffering on the citizens to a close. We hope.

Starting point is 02:07:22 There has to be a solution at the end of it. Otherwise you're just in boogeyman politics. One side yelling at the other side, one side yelling at the other side yelling back. And you're just in this tornado of boogeyman politics. You have to come forward with a solution. You look at the end of Vivek's note that we were just looking at to BuzzFeed. And it says, BuzzFeed has an opportunity to do things differently. The shareholder asked if you're willing to seize it, and he's presented some recommendations. That's where it has to go. You know, Carter is not my favorite president, but the Camp David peace accords came when

Starting point is 02:08:00 the United States stood up and said, Israel and Egypt, there has to be a solution here. There has to be some sort of a negotiated agreement that turns down the heat of the situation, gets us to a point. And it successfully did. Unfortunately, Anwar Sadat paid with his life as factions within his own government, hated the fact that he didn't. But people that come forward with solutions, those are the brave. Those are the ones that are not just making noise, they are taking and they are offering ways out. Well, PBD number one, thank you for being a synergist and very reasonable and being a univier here because at the end of the day, that is what is needed to be decided next

Starting point is 02:08:41 is what is the solution here. And that's why I asked Vinny, like, what's your solution? What do you want to do here? What do you is the solution here? And that's why I asked Vinny like, what's your solution? What do you want to do here? What do you want to do here? When you have all these people literally trying to attack you and you're trying to defend yourself, this is the sadness of war. It's disgusting. It's horrible. People die. It is people die. If Israel literally wanted to commit genocide, they could literally kill a million people in a day with a nuclear attack. But they don't because I genuinely believe they're not trying to commit genocide despite what the propaganda tells you. But it's all about being reasonable versus being an extremist. So I actually, I was at Fountain Blue this weekend.

Starting point is 02:09:16 Guy came, yo, what up Adam? His name was Z. What up bro? Dude, PBD podcast, you're the man bro. Can I buy you a drink? I'm not drinking right there. I'm like, he's like, I'll get you a water. He gave me and all my friends water. I'll you the man, bro.

Starting point is 02:09:29 He goes, hey, by the way, love what you do. By the way, Palestine will be free. I was like, all right, cool, bro. Reasonable guy, right? People don't know this. I was actually dating a Syrian girl like six months ago. Reasonable girl. The problem is, like Pat, you told me in 2020,

Starting point is 02:09:43 Adam has the ability to reason. There's no reasoning with extremists, whether it's Hamas, whether it's Islamic Jihad, whether it's Al Qaeda, whether it's ISIS, these people are gone, bro. They are far gone. They are true believers. Like no Israeli wakes up and says, all right, I'm going to have a little matzah for breakfast, have a falafel and go kill some air that's not what they that's what I do these jihadists wake up every day have a little hummus have a little cereal and go that's your Jews jet to America let's get some business done now we need to talk about a solution here's my question

Starting point is 02:10:18 BB Netanyahu has put forth a solution it's called the Gaza 2035 plan, three part process. He wants to demilitarize Gaza. Cool. Maybe no weapons in the hands of terrorists. That's probably a good start. Number two, de-indoctrinate the people so they don't just basically go to Jihad summer camp. And number three, let's talk, let's focus more on GDP gross domestic product than GDP gross domestic terrorism, than GDP, gross domestic terrorism because everybody knows Hamas has taken billions of world aid and instead of making Gaza, Singapore or Dubai, they turned it into a terror city. And that's what's basically happening here.

Starting point is 02:10:59 So Tom talked about the Azo records, Israel made peace with Egypt and Jordan. Camp David. Camp David. So what happened under Trump administration? And Pat's absolutely right. Would any of this be happening if Trump was the president? A lot of people say no, right? So what happened during the Abraham Accords?

Starting point is 02:11:18 Israel normalized and had peace relations with the following countries, Sudan, Bahrain, Morocco, and UAE. And a lot of people believe that October 7 happened because they were dangerously close to having a normal relationship with Saudi Arabia. Can you believe Saudi Arabia, the literal Mecca of Islam? So that's a lot of reason that, so what's going to happen inevitably is the world is going to realize, dude, Israel doesn't want beef with anybody, just like any country wants peace and prosperity. But

Starting point is 02:11:50 when you have Islamic Jihad groups attacking you from all sides, what the hell are you supposed to do? And Pat knows this, the only language they speak in the Middle East is strength. If you show weakness, you're done. So they're showing strength. They are me. Maybe it'll be a little too extreme. I get it. But they're fighting for their lives here. People talk about this story right here.

Starting point is 02:12:16 Nobody talks about the rockets that were fired into their number one city, Tel Aviv. So by the way, this is this is Bibi Netanyahu's plan. Tear it down. Think all you want. But I'll flip it on you. What's the Hamas plan? There's no plan. There's zero coming to terms with what they want. You know what their plan is?

Starting point is 02:12:35 From the river to the sea, Palestine will be free. What does that mean? Death to you all. We want it all. In Hamas's charter, it says it right there. We are built on the death and destruction of Israel. And you know what? I believe them. So what do you do if you're Israel? That's the question. I would love for a time and place where Gaza is the next Dubai, and you can go. The beaches there are ridiculous.

Starting point is 02:12:58 You think Tel Aviv has nice beaches? Look at the images of the beaches on Gaza. It's beautiful. Unfortunately, they're governed by a terrorist organization and they do not want peace and prosperity. They want death and destruction. So one of my solutions, I think I did say during it, was the tactical change militarily to try to go get these, because by the way, Gaza, but what does Gaza look like right now?

Starting point is 02:13:20 The main spot is pretty flattened right now. I mean, they're expanding again a rough and to go in all these places. I think having tactical teams, IDF, special forces, whoever to go root these people out. So there aren't explosions, jeeps. That's basically what Gaza looks like. I'm pretty sure. Is the audience seeing that Rob? I'm pretty sure you could pride, try to find out who's the good guys in this and try to find some Hamas terrorists. That's one of my solutions. Number two. By the way, every city at war, every country at war looks like that. But everyone wants

Starting point is 02:13:53 to talk about Gaza. But they don't want to talk about every other country at war. Again, no Jews, no Jews. It's only Gaza that's at war. That's the only country in the world that's dealing with this. I'm just trying to get my, without getting emotional, just trying to give you solutions. With something that looks like that, you could tactically set up teams to go in and find these terrorists. Which, mind you, they're multiplying by the day when innocent people are dying. And the innocent number outweighs the Hamas by tenfold. No, it's actually not, Vinny. That's why your date is two to one.

Starting point is 02:14:28 Just because the UN gave you numbers, I don't believe the UN. So you just made up a number and you're going with that? No, out of the third. It's two to one, which is historically low in any war. I'm not just going to let you say ten to one. It's not. It's two to one, which is horrible. How many civilians? Innocent civilians have died in war. It's disgusting. So, okay. So

Starting point is 02:14:48 you're telling me. Two innocent civilians for every terrorist. Yes. That's a fact. Yes. Not your 10 to 1 made up number. Guess what? I have never heard that. I haven't heard that in the 7 months. That's number one. But you're learning. By the way, by the way, let's do this. Can you do me a favor, Rob? Go to both of their Manects, go to both of their Manects, directly Manect them, whatever facts they got right or wrong, send them a message. Okay? And communicate with them. This is how you do it.

Starting point is 02:15:15 Right there. Adam's to the bottom left, Vinny's to the bottom right. Message them directly. But what I want to do is I want to move on because we've got five minutes we're going to wrap up and we've got other things going on. Here's what I want to do. We'll continue this conversation because this thing's not going to be going away. I'm going to buy you some McDonald's Vinny after this.

Starting point is 02:15:28 My whole paycheck is sweet. But here's the part to be thinking about. I don't think there's anything wrong with being an angry patriot. There are lots of anger. There's some people that are not angry enough. It's not like God created the emotion for a reason, right? But anger is one letter away from danger. We've read this before.

Starting point is 02:15:50 It's an ammunition. It's a weapon that you have. You have to know how to use that fire that's in your belly. Too many people are, so I wrote the book, Choose Your Enemies Wisely. Great. Have them. But always end with, what if we did this? What if we did that?

Starting point is 02:16:01 What if we did that? And then that's where the conversation takes place. I think a lot of people watch the podcast because they want to hear our different opposing ideas and then they can be either challenged, if they're willing to accept that they're wrong or they can say, no, you're wrong, let me send you a message and say why you're not looking at this part and that's no problem. We can always entertain opposing ideas. Anyways, gang, enjoyed today's banter.

Starting point is 02:16:22 We covered a lot of different things. Every general ticket to Chris Cuomo Dave Smith's podcast sold out. Every VIP has sold out. I think the only thing that's left is what? Six? What tickets? Six premium tickets. Better seats at the front. Friday night. Six to nine debate Dave Smith. Chris Cuomo on Thursday. We're back at it again with the podcast. I think we have who on Thursday? Pete Eggsteth from Fox News. Mr. Hanson. Mr. Good-looking Model this is Friday night. This is this Friday night Bar maybe open, you know, maybe the night where I know who's not drinking Will be mud wrestling in the back how many days

Starting point is 02:17:01 Vinnie and me! The way we're going, no one's drinking around us. We'll be mud wrestling in the back. How many days are you at now? You'll be wearing the Hamas flag. By the way, by the way, by the way, those of you that are coming Friday night, you know what else we're celebrating that night? Vinnie's one year of no alcohol. Oh wow.

Starting point is 02:17:14 Friday night, baby. Yes. One year. You're gonna get there. I'm buying you a drink. That's how we'll celebrate. Take care everybody. Bye bye, bye bye, bye bye.

PBD Podcast - Libertarian Convention, Ashley Biden's Diary & Hochul's 'Clown' Comments | PBD Podcast | Ep. 415

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