PBD Podcast - PBD Round Table w/ Jedediah Bila & Vincent Oshana | PBD Podcast | Ep. 165

Episode Date: June 17, 2022

In this episode, Patrick Bet-David is joined by Jedediah Bila, Vincent Oshana, and Adam Sosnick, Interest Rate increases, Elon Musk, Amazon Drone Delivery, bitcoin crashing and much more... TOPICS 0...:00 - Start  8:00 - Fed hikes rates  28:00 - How policies affect people  37:00 - Mortgage rates are at all-time high  44:00 - Elon Musk will vote for DeSantis  55:00 - 50% of Americans rate values as poor   1:12:00 - Celebrating Fathers day  1:20:00 - Amazon drone delivery  1:33:00 - Amber Heard still loves Johnny Depp  1:42:30 - Bitcoin crashing   1:54:30 - LA apartment complex is forced to sell to California government Text: PODCAST to 310.340.1132 to get added to the distribution list About Jedediah: Jedediah Louisa Bila is an American television host and author. She is known for her time as a co-host on the daytime talk show The View and an anchor on the weekend edition of the morning news and talk program Fox & Friends. Follow her channel here: https://www.youtube.com/channel/UCzmDARnc6yAHdXWRBwQTFpA?sub_confirmation=1 Watch Vincent Oshana on Twitch: https://bit.ly/3L81YKf Follow Vincent Oshana on Instagram: https://bit.ly/3v5gQDk Follow Vincent Oshana on Twitter: https://bit.ly/3v3ZQgT About Vincent: Vincent Oshana is an American actor and comedian best known for his HBO Stand-Up Comedy Set on Russell Simmons's Def Comedy Jam and various roles on Showtime channel's television series The Underground.  He began his comedy career in his family's living room, imitating cartoon characters and TV personalities. After high school, Vincent joined the United States Air Force and was promoted to Staff Sergeant, earning medals for his various achievements. Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.   To reach the Valuetainment team you can email: booking@valuetainment.com --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Transcript
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Starting point is 00:00:00 All right episode number 165 today with Adam Soss, Vinny Oshana, and Jedadaya Bila. We got a lot of things to cover. We got an announcement today. I gotta tell you guys what this backpack is, shout out to Scott Rodriguez, American Cuban entrepreneur. Some make all the sad children. It's not a sad story.
Starting point is 00:00:40 I don't know, but I gotta tell you what's special about this. And he sent it to me. It's a great, great story. I'll tell you guys here at the end of it. And he's part of the membership, by the way. He's part of the PPD podcast membership, which is great. But we got a lot of stories. We got a lot of stories to get into.
Starting point is 00:00:52 Interest rates went up three quarters of a point, which we'll talk about. What that really means, 30 or more gauge rates are officially 6.28. Hopefully, if you did a refinance, last year, Amazon's gonna start sending drones. Vinnie's concerned about that. We'll talk about that Biden's telling oil companies and letter well above normal refinery profit margins are not acceptable Elon Musk is expected to reiterate desire to own Twitter and meeting Tuesday bitcoins crash in a ton coin base lays off 18% of people Elon Musk says he would publicly vote for Ron DeSantis and when Ron was asked about it, he said he will always gladly support
Starting point is 00:01:31 the vote of an African-American and people hated it. Anyway, we're gonna talk about, we got a lot of things to cover and we got a special announcement at the end to make with Vinnie as well. So how you guys doing? How you feeling? I'm just a New Yorker over here.
Starting point is 00:01:43 It's all tough guys. You guys look like you're wise about the self-stock. You guys are both nice, financial. You guys are close and deal through what to go flax somebody. That's all you all. That's the problem. We're making jokes and they're making money. Exactly. That's the problem.
Starting point is 00:01:56 We got to bring it. We got to bring it to the middle because I was saying when I was off the camera, these rich people are suddenly really pissing off. I think they're losing, you know, touch with reality, right? 100% they're like, oh, we get it in flesh. You would just have to work.
Starting point is 00:02:09 We got to work on things. We got to work, Jedadai, first week, three episodes. How you feeling? Oh, we had a blast. Tyler knows, he knows what's up. We had an absolute blast, honestly. Like, we rolled out, we're doing like a lot of hot topics. We're gonna be pulling guests, but it's so much fun.
Starting point is 00:02:24 First time ever of just having a mic, just being able to go, it's amazing. Everyone in the crew, that was my question for you. Because everything I've ever seen you do is it paneled through. Oh yeah. Now you're just so mic. Here's my mother's thoughts.
Starting point is 00:02:37 I bet. How does it feel? You know what, I feel like so unfiltered and just like I feel like a dog who's been take, take that muzzle off and they're just like like a $15,000 dog by any chance. Or we did we did a fun story with that Tyler knows we did a fun story about the man you guys have to go and check out some of the clips on the show about the man who became a dog 15k would you spend $15,000 to fulfill a fantasy
Starting point is 00:02:59 listen we all have things we like to be a dog or to buy it. He he he bought a dog costume. He gets in the costume and he acts out scenes like he's a dog. He heals. He is like an adult film guy or what's what's what's what's there? Is there a twist to the story or no? I think there's some type of fetish going on there. Okay.
Starting point is 00:03:19 I mean, I've met a lot of weird fetishes. This is a very unique one. I've not heard this one before. So listen, everyone, if you see me show up and I'm gonna Cat Costume one day, don't be surprised. I'm just trying to be about that. Where had that started? The inspiration came here from this man.
Starting point is 00:03:31 I'm gonna join you in a Cat Costume. I'm saying, you, this is my- This is what should happen. Adam, you and I show up, Vinny, you can do it too. We all come in Cat Costumes to the PBD podcast. We don't sell Pat. Oh my, I would love. First of all, the PBD podcast. We don't sell cat. Oh my, I would love. First of all, that would be great.
Starting point is 00:03:47 So I don't like surprises. That's surprise. I will love it. So I just want you to know, I'm prepared for it. But by the way, my dad, so he just found out about your show three days ago. Okay, so he didn't know last week. He wasn't subscribed to your channel.
Starting point is 00:04:01 So he subscribed. Next thing you know, he's watching it back to back to back to back He says I am in love with this laydo. I'm so in love with her approach What she said she's such a badass. So my next time you see my dad He's gonna be a little bit star struck because he's in love with you So shout out to Gabriel bedd for Yeah, I gotta give a shout out to you. We're speaking of dogs cat stressing up. By the way, I'm totally 100% in on that But you saved someone's life yesterday.
Starting point is 00:04:25 Oh, Jimbo. Straight up. Totally. Talk about being a hero. Not talk about being a hero. I mean, I'm working out yesterday and it's me and E. Shout out to the trainer and I'm looking outside. I'm saying, he's trying to jump to the next door neighbor's backyard. Oh my God. And he jumps. I'm like, this guy's not going to make it because my dad put a new fence.
Starting point is 00:04:43 So he jumps. I'm like, he must have fall. So we run outside. We're like, no, this guy's not gonna make it because my dad put a new fence so he jumps I'm like he must have fall so we run outside. We're like no this guy's in the inner coastal fell in the inner coastal Anyways after jumping to get him I got all these seashells bleeding all over the place. I'm in the inner coastal thinking if this blood You know you're thinking jaws sharks are showing up alligators are showing up But no, we were saved we brought him out and something tells me, Jimbo will never go in that corner forever. Never again. And the only thing that bothers me about dogs, or the only thing you did all that, Pat,
Starting point is 00:05:11 you bleeding, you're closed, you're julie could have fell off, your friend had to help you. Dogs never just take a moment and go, thanks. It just goes and eats and pulls. Let me tell you, this guy Jimbo has been the greatest therapist of higher in my life. Hasn't charged me a penny.
Starting point is 00:05:30 I would come home when you're building a company. It's a lot of pressure. I come home. It's midnight. He's sitting on the couch right next to me. And I'm just like frustrated and he's just listening. Doesn't say nothing. And then I go to sleep.
Starting point is 00:05:40 So Jim Oshado to you for the greatest therapist in the world. And you've had him and coach for 13 years. 13 years. Wow. They're twins brothers. Yeah. Yeah. Yeah. So may you say of 2009, Marlene Del Toro Gaetan, who said these two dogs, I said, let me have them for one night. That was it. And that one night turned to 13 years. She's a great sales person. And she saved Jimbo's life. You ever have a cat? Oh yeah. Cats were a little bit different.
Starting point is 00:06:09 Cats were turned on yet. But you got to remember, I love cats. I had cats my whole life, my parents have cats, but I love cats because they're independent. They're like me. They're like, come at me when I'm ready, when I'm not ready, go away. I'm kind of like that.
Starting point is 00:06:19 I get it, we understand each other, but cats can turn on you. Dogs are much more appreciative, I feel. That's a good point. But if you're gonna get cats, get to. Oh yeah, of course. Just get a buy one, I feel. That's a good point. But if you're gonna get cats, get two. Oh yeah, of course. Just get a buy one, get one, that's how it works. I was just letting you know, that's how I got my-
Starting point is 00:06:30 Quick question, but you could go on vacation for how long leave them food and what, how long can the cats do the thing? Oh, I do my thing. Every weekend, I would just leave them. Three days, my whole thing with dogs. And this is what happens, now we're going to hold animal segment right now.
Starting point is 00:06:43 Is, you don't have no idea, like in Miami, I'm on a boat, we're on a yacht, we're having fun. And I grow up like, I gotta go, I gotta go walk my dog. It's like, we're on a freaking yacht. In the middle of the ocean, and Sarah over here needs to leave the whole party, go walk her dog. Come on, Sarah. I never have to do that with a cat.
Starting point is 00:06:59 It's always a Sarah. That's what you gotta do. Can we make a shirt for Adam to say I'm a cat guy? Can we make a cat guy? Yes, I'm a cat guy. I need you to, we need to put some kind of, because he loves telling everybody, he's so you gotta do. Can we make a shirt for Adam to say I'm a cat guy? Can we make like, I'm amazing, cat. I need to, we need to put some kind of, because he loves telling everybody he's so proud of it. It's like, I love my cats.
Starting point is 00:07:11 Actually don't like general cats. Like, yeah, my cat is straight, you don't go and pet him over. I give my, how you don't? I say that's part of the cat. Okay. But by the way, congrats on shaving, saving Jimbo's life.
Starting point is 00:07:21 Not all heroes wear capes, Pat. Some wear satchel. Well, hey, you're getting some love apparently. Officially you are the David Hasselhoff of Miami-Blood. Oh, I'm not gonna take that one. No, although I will tell you, living in Germany in the 80s and 90s, late 80s, David Hasselhoff was God.
Starting point is 00:07:39 Oh, yeah, yeah, yeah. He was God, he had a song, the Baywamen, he was just all over the place. Yeah, can you name? Three names of the actors on Baywatch. I'll give you if you can name Pamela and for give me four names Pamela Anderson. Okay He's a hassle. I'll give him yes me. Yes, please I knew you were getting that one. Yeah, I knew you're getting that one good You know, you know, Yes, me and please. Give me, right?
Starting point is 00:08:06 That's true. That's why it's cool. The call record. Okay, cool. Wow. Millie Marrock. That's fine. The call record.
Starting point is 00:08:14 Is it Edgar? Is it Edgar? I've seen it wrong. I've seen it wrong. Yes. I gotta leave. I've seen it wrong. I've seen it wrong.
Starting point is 00:08:22 I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've seen it wrong. I've There you go. Anyway, Pat, let's bring this down. Can we get into the story since we got all these things out of our
Starting point is 00:08:27 system? Is it okay if we go into some stories? I don't want to know how they're going to chop up that short clip or what they're going to call. So, so let's talk about the Fed Hikes that took place this week. Okay. And for some people, they're like, well, what's the big deal with this? We're going to talk about that here in a minute. So Fed Hikes its benchmark interest rates by three quarters of a point, the biggest increase since 1994. This is a CNBC story. On Wednesday, they launched its biggest broadside yet against inflation, raising benchmark interest rates, three quarters of a percentage point and a move that equates to the most aggressive high since 1994. The rate setting, setting
Starting point is 00:09:01 federal open market committee took to levels to of its benchmark to a range of 1.5 to 1.75 defense benchmark rate will end up at 3.4. That compares with an upward revision of 1.5% point to March estimate. The committee then sees the rate rising to 3.8 in 2023 a full percentage point higher than what it was expected to be in March.
Starting point is 00:09:24 Officials also significantly cut their outlook of 2020 to economic growth. see three, a full percentage point higher than what it was expected to be in March. Officials also significantly cut their outlook of 2020 to economic growth. Now, anticipating just a 1.7% gain in GDP down from a 2.8%. So Adam, you see this, to the average person who sees this, took, okay, 0.75, how does that affect me? But to somebody that's been in financial industry for a while, what does this really mean to the average person? So what I talk like, for instance, let's just talk about what the Fed is, right? We're talking about the Fed rate hikes.
Starting point is 00:09:52 So at the helm of the Fed is Jerome Powell Chairman of the Fed. He's been there since the Trump administration. Now he's in there, Biden kept him and then we got Janet Yellen who is Secretary of the Treasury and then you got Biden. So this is sort of the three-headed monster who's basically controlling the monetary supply right now. What's the purpose of the Fed? So obviously, you know, they control the money supply. We've seen how much money they printed over the past three years, right? How many five trillion bucks? You know, just boom right there so we can touch on that. You had a debate with the father, the Godfather of quantitative easing,
Starting point is 00:10:25 you're not a fan of that, I assume, right? You don't wanna, you don't wanna, I'm not a fan of bailing out the people at the top and complainers. 100% that's not what I'm a fan of. The people at the top are big boys and the people at the bottom need to be inspired by people in the middle who actually do the day-to-day work to make money pay the bills, their husband their wives their kids pay their tax
Starting point is 00:10:47 Ascender kids to school raise their families become good citizens America's ran by the people in the middle that are quiet. They don't get a lot of recognition Those are heroes and sometimes the guys at the top and the guys at the bottom complain way too much The doers not you know, I mean by the guys at the top You know what I mean by the guys at the top. I don't mean the I don't mean the doers. No, no, no. There is the the complainers. There is those in the middle that are just doing the day-to-day job. They don't need the recognition. They just want to go out there and do their part. Okay, tell me what the guidelines are. I'll go find a job. I'll go get better. I'll go pay my bills. I'll go be good citizen.
Starting point is 00:11:19 There's the creators and the initiators who are at the third level, who are the future, they're the ones that make things happen, they're the ones that make things better, they're the ones that innovate, make technology better, make products better, make systems better, make our lives better, that's third level. And then there's a people at the top who used to do that. And now they haven't for 20 years. And they just keep doing buy back, buy back, buy back. And they found a way to maintain their wealth at the top
Starting point is 00:11:45 that they're no longer in the creation and initiation mode. And they're taking money from taxpayers to say, build me out, those guys shouldn't be built out. Those guys ought to go out of business and let the market decide who's the next future of the country. That's my problem with the guys at the top and the complainers at the bottom. Makes sense.
Starting point is 00:12:04 Yeah, so the interest rates go ahead, you were saying about it. Yeah, and also basically the purpose of the top and the complainers at the bottom. Makes sense. Yeah. So the interest rates go ahead. You were saying about it. Yeah. Well, so basically the purpose of the Fed is, you know, stabilize unemployment, stabilize inflation, stabilize economic growth, or obviously it's not stabilized. Hopefully, there's, you know, GDP increases. I think they're, they're now predicting.
Starting point is 00:12:18 It's going from two, they're predicting 3% down to like 1.8, whatever. But the Fed has a role, okay? So at the, on the macro perspective, this is what the Fed doing, this is what Daryl Powell is doing. How does that affect everyday people? Okay, so it's gonna affect everyday people in one of two ways. You're either gonna wanna have lower prices or higher interest rates, okay?
Starting point is 00:12:36 So being a personal finance expert, I talk about the seas of debt, the seas of debt. What are the seas of debt credit cards, car loans, and what I call cribs, mortgages. So if like some people, you know what you're doing, you'll go get a mortgage. If you don't know what you're doing and you're just kind of figuring out, it's like, I gotta get a crib.
Starting point is 00:12:53 So borrowers, people who have debt, people on the lower rank of society, this is not a good look for you. What's happening right now? That's great. If you're a saver like me who saved money and is debt free, this is a very opportune time to capitalize right now. So for instance, I'm looking at this and I'm like, I feel for the American people.
Starting point is 00:13:13 I feel like there's been a lot of fake money that's been printed and it's been earned over the last few years. You know, an NFT, I just bought it for 300 grand. I'm going to make them. Now your NFTs worth 30 grand. Good luck. If that, okay. Crypto's been cut in half.
Starting point is 00:13:27 We all know the game stuff. It's not cut in half. It's more than half. Oh, 30 in is down 78%. Okay, so even, but Bitcoin's been cut in half. Oh, even more, they were in 6th grand. 60% you're right, you're absolutely right. So I'm trying to give crypto people the benefit of the doubt.
Starting point is 00:13:40 More less than half, more than half. But if you've actually do what I talk about, have a budget, maintain cash flow, you understand your income and your expenses, you stay out of debt, you work, you earn, you actually put on the work, you don't just sit home and collect unemployment, you've saved, you've invest, you have your financial house in order. This is a major, major opportunity to capitalize. So I'm looking this and I'm thinking, okay, all right. I haven't bought Bitcoin since 2018. I got in when it was very low and I haven't bought.
Starting point is 00:14:13 I mean, looking at the prices, I've been seeing these fucking people who don't do anything and they just kind of cryptor rich. A lot of the Gen Z and I'm thinking, now I'm gonna go probably buy like 5, 10 Bitcoin. Boom, all right, At 20 grand a pop. All right, cool. So if you've got your house in order,
Starting point is 00:14:28 this is a major, major buying opportunity. But if not, if you're like most Americans, 78% of Americans are living paycheck to paycheck. They're struggling. This is a rough time for you. But you've had two, three years to kind of get your shit together. And if you haven't, hey, it's on you.
Starting point is 00:14:44 What they talk about, they're the K-shaped economy, the rich have gotten the rich of the poor getting the poor. To your point, bad policies have what? Consequences. Have consequences. So they've printed $5 trillion. If you've taken this time to say, all right, you know, I'm gonna double down on what I do.
Starting point is 00:15:01 I'm gonna get better at what I do. I'm gonna save my money. I'm not just gonna go spend it and just like, ball out on random crypto NFTs. And I'm actually gonna just figure my stuff out and work and not like take the easy way. Everyone wants to get rich quick these days. For me, I've been saying this for years.
Starting point is 00:15:17 For years people are like, what do you mean? I wanna get rich slow. How does this, Jettadai, Vinnie, for you, you're a mother, okay? Hardly married, you know, how do you feel with the, what does the interest rate hike do to you? Like how do you enjoy me process when you're talking about it at night?
Starting point is 00:15:35 I mean, truly, I'm listening with open ears right now because this is not, when you intro this segment and you read all that stuff, it sounded like a foreign language to me. It took Adam seriously. I'm not immersed in this stuff. Like, my first question was when I. It took Adam. Seriously, I'm not immersed in this stuff. Like, my first question was when I heard this, I was like, I'm curious what your response would be
Starting point is 00:15:49 if somebody came on, because people viewed the Fed as the enemy. They're like, this is just, it's like a foreign entity to a lot of people. My question was like, what if there was no Fed, what would happen? People are curious about that. If the Fed didn't exist,
Starting point is 00:16:00 what would happen to the market? What would happen to, what would happen? Not right away, what would happen in five years? Say the Fed, it's gone. What happens? The market would decide, and currency would need to be backed up by something. So you would need to have the currency backed up by a gold or something that is... Would that ultimately be a good thing though or a bad thing? No, it would be a is... Would that ultimately be a good thing though, or a bad thing?
Starting point is 00:16:26 It would be a good thing. It would be a good thing. But if you ask the people that are in it, they would say it's in too deep for that to go away. That's not going away today because we're so into deep. There's so many people that are saying, end the Fed, Ron Paul. Yeah, right.
Starting point is 00:16:39 That's why I'm getting that. No, no, no, no question about it. Of course, they're getting, but here's a party got to realize. So to the average person When rates go up prices go down very simple when rates go down prices go up So a million dollar loan at 6% the payment is gonna be a different matter of fact pull up the calculator mortgage calculator
Starting point is 00:16:59 Best way to show it right now to see exactly what this works out. We've talked about this before But it's very simple just type in mortgage calculator go to, yeah, right, they're put a million dollars, okay? And go to 6%. Okay, what's the payment? $59.96. Now go to 6 grand. Now, so how many people can't afford a $6,000 payment right now? Not me. Not a lot of people. So go to $500,000, 6%. Okay, right now. Not me. Not a lot of people. So go to $500,000. 6% okay. 5,000 is what roughly $3,000. That's 5 million. That's $3,000. Okay. So now take the 6% so remember that number $3,000. That's that's 6%. That's that's 6%. Take that 6 and make that 3. It's going to be $21. Yeah, exactly. $700 saving. So now somebody would have said I can afford a $3,000 payment. Yeah, increase that 3% to $600,000 alone.
Starting point is 00:17:46 Make $700,000. 700K. So watch that. You could have bought a $700,000 house at 3%, because payments 29.51, but now you can only buy $500,000 house at 6% because it's the same payment. So if you bought your house at $700,000, at 6% because it's the same payment. So if you bought your house at 700 grand, unfortunately the market is saying it's worth roughly now $500,000. And people are not gonna believe that right now
Starting point is 00:18:14 because they're gonna sit around, but six to 12 months, the market's gonna say that. Why? I consult a lot of guys that run real estate companies and mortgage companies. Here's what they'll tell you. The inventory of homes for sale just blew up. Just blew up. The other day I talked to one of the top guys in LA that sells exotics. I said, what car was impossible to get last year? That's everywhere today. He said a unique Lamborghini, if you wanted to buy
Starting point is 00:18:42 this a year ago, at any time to mark it only had two or three of them. He says there's 59 of them for sale right now. What does that tell you? Let me say that one more time. A Lambo that you could own, there was only two or three of them for sale last year because the Bitcoin people, everybody was buying them. Mortgage people, real estate just buying them, buying them, buying them.
Starting point is 00:18:59 But today there's 59. So what does it mean? So it means you went to a club and you're at an army base. This army base has a hundred soldiers 98 men to women What happened there the tension those two are getting which is what happens in a military base? That's the only two options you got and 98 guys are trying to get with these two girls Go to another military base. It's a hundred soldiers now now there's 58 girls to 42 men that's the base you want to be a that's a man let's go get it but in Rome the middle of right now by the way if
Starting point is 00:19:32 you're look if you're the guy you want to be at the at the unit with 58 girls but if you're the girl you want to be a witch unit the one too you want to be at the barracks but only two girls so if you're a seller last you benefited you if you're a seller, last you benefited you. If you're a buyer, today's the buyer's market. So what's gonna become critical today's patience, and here's what's gonna happen to the seller. Hey sellers, if you're listening, let me give you guys some feedback.
Starting point is 00:19:56 Take it to do whatever you wanna do with this. You know how you're stuck on the fact that you think your house is worth $4 million and you're trying to get $1 million today, don't make that mistake. You're gonna to lower that price from a million to a nine hundred to eight hundred, then you're going to sell it at seven hundred a year and a half from now. Here's my suggestion to you. Let everybody has that same house in the market that the comps are shown out of million, you put nine ten. You put nine ten, no one's
Starting point is 00:20:19 looking at all the other houses, you're going to get five six seven different offers, you will end up selling it at nine thirty nine forty. In your, you're going to get 5, 6, 7 different offers. You'll end up selling it at 9.39.40. In your mind, you're thinking you lost 60. Believe me, you didn't lose 60. You made 140. Okay, because you're from now, you're going to sell that thing for 800,000 dollars. Don't, this is not a time to be greedy if you're a seller. This is a time to be greedy if you're a buyer. Greed hasn't changed. It's just changed if you're the buyer versus the seller.
Starting point is 00:20:44 That's all interest rates matter. And by the way, Goldman Sachs just said that they're gonna raise the interest rate 18 more times 18 for how long? Well, how long of a period? This is the next two years Fantastic. So by the way, Goldman Sachs gets shit wrong. So I'm not telling you they're the Messiah, but they're Goldman Sachs So they said they're predicting this rate is going to change 18 increase 18 more times and By the way, even with all the interest rate hikes that they've done the last six months, okay, all the interest rate hikes that they've done that last six months Tyler has that slow down inflation the last six months So so so watch what I just said
Starting point is 00:21:19 Let me say this to you even Because interest rates you you, so inflation goes down. Right. Inflation goes up if interest rates are down. So you try to control it. It's like, hey, guys, let's keep increasing interest rates. So inflation stays low, right? Here's how scared the economy is right now.
Starting point is 00:21:37 Even though they keep increasing the interest rates, hope in inflation goes down, inflation is still going up. Meaning this is not flipping. Do you understand what I'm saying? Yeah. You're like, so three quarters, because you have to assume that if they just raised it by three quarters, because last week everybody on Twitter, everybody on Twitter was messaging saying, inflation went to 8.6%, 40 or high, 40 or high, 40 or high. And Jimmy Carter officially is a more popular president than Joe Biden. And everybody from the left down lemon the other days interviewing what's her name his new
Starting point is 00:22:11 replacement for Jen Sackie saying hey you can't tell me it's like well why could you ask a question like that yeah how could you ask a question like that so now the administration's talking to the Fed and saying hey you get increased the rates maybe three quarters of a point not just a court because I didn't do shit because because we got to have, because what they're hoping for isn't July, for them to say inflation dropped from 8.6 to 8.5%. They're hoping that happens. I will tell you, it should happen, but if it doesn't happen, the shit's a lot uglier than people think it is. Let me strengthen your argument. Let me give you a layup right. Go for it. So you're familiar with the fear-greet index? You ever heard about that? Yes. So every month they sort of calculate the sentiment
Starting point is 00:22:50 of the country. So when it comes to money, you can either be greedy or fearful. Warren Buffett has basically said be greedy when people are fearful or be fearful when people are greedy. Over the last few years during COVID, everyone's been greedy. They're printing money, crypto's going crazy, the stock market's going crazy, everyone looks like a freaking genius right now. Oh, I bought an NFT for a hundred grand, it's worth a million, but everyone's been greedy. Now, if you look at the fear of greed index right now, I haven't actually seen it in a few months. The last time I looked at it, it was closer to greed. We are now in a time of extreme fear. So what does this mean?
Starting point is 00:23:27 Obviously, like I said before Pat, if you, like, right, I'm because I've saved that money and I've just been very calculated and I haven't gone and ball out and bought a Lamborghini over the last few years, I could have, but I'm like, you know what? Safe, safe, safe, safe, safe, safe, safe, safe. When I've had the opportunity to buy a sick pad, I'm like, you know, safe, safe, safe. When I've had the opportunity to buy a sick pad,
Starting point is 00:23:46 I'm like, you know what, let me just rent. When I've had an opportunity to buy a dope watch, I'm like, let me buy a Bitcoin. What have you now? If you've got your house in order, now's a great time to be greedy. So, will you fear? Everybody's fear.
Starting point is 00:23:58 So, you were fear. So, technically, you were fear. No, I mean, not me. But my fear was for what could happen here. Got you. Like, again, if you've got, like, so I don't have PBD money, but I'm doing all right. Okay.
Starting point is 00:24:11 Like if I get another zero or so, I'll be on PBD's level, but I've got some zeros. But it all depends on your age and like where you're at in life, but. So let me ask you a question. Just, you know, average person listening to this right now, let's say they're either live in paycheck to paycheck or they're living a little better than paycheck to paycheck.
Starting point is 00:24:29 They hear all this stuff and all they zero in on is, what can I do? All they see is their prices are going up. They can't even get in the car to drive to the grocery store and put gas in their car without it being a problem. Everything is becoming a problem with the most basic levels for these people.
Starting point is 00:24:43 So they're saying to themselves, they feel very powerless in situations like this. They don't have a lot of other options. Maybe they didn't have an opportunity to save a bunch of money. So they're sitting on limited options, limited choices right now. So can they do anything and how much of who wins
Starting point is 00:24:58 the next election has to do with this? In other words, let's say Biden is out, somebody else is in. How much is affected when it comes to these deep financial topics that people honestly don't oftentimes have time to dig into? Major. So what does it look like? Let's say it's not Biden. What let's say it's it's DeSantis. Let's say it's Trump. Paint a different picture. Well, let me explain to what happened. So last year, not last year 2015, 2016, when it was between Hillary and Trump. And Wall Street experts came out and they said, we're getting behind Hillary.
Starting point is 00:25:30 Hillary's winning, okay. When that announcement was made, the market tanked. You're wow. Okay, I don't know if you guys remember this, the market tank. So I'm in the business, I saw the market tank because everybody was bracing for impact with what? With Hillary, okay?
Starting point is 00:25:45 But then the day Trump won under Obama's administration the last 60 days of Obama being president, the next day the market blew up. If you just go look it, go November 4th, whatever the day is, November 3rd, November 14th of 2016. And matter of fact, just pull up November 2016 stock market. That's all I want you to pull up.
Starting point is 00:26:08 2016 stock market, November, okay. Go to it, go, no, go back, go back and see if you can get the whole month, see if you can get the whole month. Anyways, you look for this, you'll see the day, okay, is that it? Okay, look at that, look at that, look at that right there. Look when the elections are, drops concern boom, it goes up the next couple months
Starting point is 00:26:34 because it's the Trump effect. People knew that guy knows how to drive the economy, okay? So the day Biden was announced that he is, look what happened to the market, same thing. So the market knows what's gonna happen, the market knows what's gonna take place. The moment he got in and he said he's gonna do what he did with oil right off the bat in January, February,
Starting point is 00:26:56 when he made that decision. And it was a big pivotal moment that the election where Trump said, okay, hey, oil people, Texas, listen, what he just said. He warned everybody. You're gonna pay the price for this. Yeah, right. It's very simple.
Starting point is 00:27:07 When I was coming up in my early 20s, and all I'm thinking about is, I got to make money to retire my dad from working at that 99 cents store in Englewood, that was the only thing on my mind. I'm like, I got to retire him. My sister's gonna go on a nice honeymoon, and I got to pay off my 49,000 dollars of debt.
Starting point is 00:27:21 Those were my three main goals that I had, right? I didn't pay attention to politics. I didn't give a shit about who's doing what? I didn't even understand policies, cap, I didn't know none of this stuff, okay? I didn't wanna deal with it because politics my parents got a divorce. I don't wanna deal with any of this stuff.
Starting point is 00:27:35 Then all of a sudden, I made money and I said, you better pay attention to this stuff because you can't just go the rest of your life. Like now sometimes people like in the world of business tell say things like, I'm the vision, I had a guy that I went to in the long beach, I was consulting with this guy, he says, I'm the visionary, I don't deal with the minutia. I pull them aside, I said, you can never say something like that.
Starting point is 00:27:56 If you're the CEO, the founder of this company, because you have to know the minutia or else you don't have to manage and drive the minutia. So if somebody wants to be wealthy, but you don't want to pay attention to the economy and the market, you're contradicting yourself. If you want to create wealth, you have to shift the way you look at the economy and the market because policies have a massive effect.
Starting point is 00:28:15 I hope if the last five, six years, from 2015 to now, I hope if the last six, seven years did anything, it got people to pay attention to policies more closely because it directly impacts your kids. And who do you love more than your kids? Your political party? No, hopefully it's your kids. If you love your kids more than your political party, start paying attention to what's going on with these policies because their future is relying on how you vote. That's what I was just getting at too because these people that feel powerless, I'm always like there's on how you vote. Very similar. That's what I was just getting at too, because these people that feel powerless,
Starting point is 00:28:46 I'm always like there's power in your vote. You can do something. And what I hate is people sitting at home, reading these stories and feeling like it's out of my hands. I can't do anything, no matter what I do, I don't have the finances to really make a big difference. But if you know that you go to the voting booth and that has a big effect
Starting point is 00:29:02 and that has a ripple effect out and that has the potential to create better policies for the economy at large. People feel powerful. I hate when people feel powerful. Well, I'm gonna give you guys a totally different perspective here and I do agree with Pat. But that's on a macro perspective.
Starting point is 00:29:15 Like, I don't give a shit how you vote. If you're not working and saving and getting out of debt, I don't give a shit what policies you agree with because your house is drowning. So let me address your question specifically. I don't care if you like I've made money under Biden I've made money under Trump. I've made money on a robber. Don't care Okay, but what I'll tell you is this if like the get because I do appreciate what he's saying exactly the policies Printing money that that is a thing like that from a macro perspective 100%
Starting point is 00:29:42 But also you need to look in the mirror and you need to say all right cool There's a big difference between wants and needs and what happens is when you're Wants kind of become your needs and you and you and you and you develop what's called lifestyle creep I was making 50 now making 70 so time for me to get a nicer apartment I was making a hundred now making 150 I feel time for me to need I feel see time for me to get a nicer apartment. I was making a hundred now, I'm making 150. I feel safe. Time for me to need time for me to get a nicer car. No, I tell people all the time, okay, you got a 20% raise, save that money. So it's on you. Like, so I also say this, there's a big difference between poor and
Starting point is 00:30:18 broke. If you're poor and you're a single mother with two kids with two jobs, there's nothing you can do. That's jobs, there's nothing you can do. That's a fact. Okay, there's nothing you can do. Get smarter, read more, like, like you're not gonna make more money. But most people are not poor. Most people are broke.
Starting point is 00:30:34 They make 50 grand a year and they spend 55. But it's so, it's a question Patrick. Yeah, but, and here's my thing, and going off with what you said, you had a diet, the, everybody says it's happening and under Joe Biden, my thing is why are they doing it? And I saw something yesterday where they're like,
Starting point is 00:30:49 they've been trying to get rid of the middle class, all these policies, all these things. And it's actually work, I understand what you're saying, but those people that are trying and hustling and doing their thing, those people in the middle, it's gonna be other, your rich as hell or your poor. And that's where it's going. And nobody, and it's tried me crazy
Starting point is 00:31:05 because a lot of these like polls and these stats and percentages, they're like 50% of people, you know, I think that it's going bad. So that means 50% of the world of Americans are like, yeah, this is good. It looks not good. I don't necessarily agree.
Starting point is 00:31:20 Like at the end of the day, you need to look in the mirror and you need to take accountability for yourself. Okay, like that. I had to take two years of my life, sacrifice, make, you know how it is when you start off in financial sales, you need to eat shit for a couple years. But I went in, I was a fucking party-boying South Beach, I was having a great time, having a time of my life making zero money. And I said, you're right, I can continue down this path of having a great time and just
Starting point is 00:31:47 crashing on friends' couches, or I could eat shit for a couple of years, buckle down, learn a trade, have a specific undeniable inflation-proof skill set, and for the next 15 years, I'm going to make money. That's true, but the jobs need to exist. So when you're talking about that, you know, single mom, and she's sitting at home with her kid, and you were saying, you know, she doesn't have a lot of options. There's not a lot she can do.
Starting point is 00:32:10 Well, there is a lot she can do. She can get a second job potentially. A lot of people dig themselves out of that hole, but those opportunities need to exist. So if you're living in an economy where people are firing instead of hiring because they can't afford it, where you're living in an economy where minimum wage and policies like that come into effect and they prevent people
Starting point is 00:32:26 from having opportunities. That's the problem. That's why the Mackville level is it. What's that lady's skill set? I'm sorry. If you don't have a skill, you're replaceable. If you're making $15 an hour. It doesn't matter though.
Starting point is 00:32:35 It doesn't matter. I don't know what her skill set is, but let's say it's minimal. She can still get a second job. She can still do something. She can still do something. She can still do a lot of things. There are people who climb from the very bottom of the bottom up,
Starting point is 00:32:46 but those opportunities have to exist in the society they live in. Because if you go out and you want to get a second job and there are no second jobs because no one's hiring because the economic climate sucks, you're in trouble. That's when you're really. I hear you. I get about saving. I get. No, no, I'm not even saying saving. It's, you know what? We're in America here. Go to any other place in the world and give that little spiel. They'll be like, I'm just trying to survive.
Starting point is 00:33:10 We're still in America here. We're still the greatest superpower in the world. Still to this day, you know, knock on wood, hopefully China doesn't surpass us anytime soon, it might happen. But still, like look where you are in the world. God bless America and God bless the fact that you could choose and to become Whatever you want in this life, and you could always I'm not saying that you are
Starting point is 00:33:31 But you could always play the victim role the economy sucks and Joe Biden and gas, but at some point You need a vicious reality. Yeah, if jive people are not hiring and you're looking and you're grinding and you're hustling I mean, I know people right now trying to find work that are having a really hard time. They're skill sets of print. What they do over the last three years though. What they don't. Some of them got fired because they wouldn't get a jab. And now they're stuck.
Starting point is 00:33:51 I mean, there's a lot of lockdowns. Look what they did. I know people who start, work their whole life to start businesses in a place like New York City, build that business up feeling great lockdown. They can't handle being closed for three months. They pick up, they have to go to a new city.
Starting point is 00:34:03 They have kids to support. People are in circumstances now that we haven't seen in a really long time. All I'm saying is that if you have someone at the very top of the heap that's not creating policies that trigger opportunity down and people feel like they have limited options, that's going to decrease their ability to climb out of a hole. No question. No matter how motivated they are or not, these policies do have an effect on individuals.
Starting point is 00:34:26 That macro hits the micro. If you're a small business, I 1,000% agree with you. But most people aren't small businesses. How many small businesses are in America? Adam, I will tell you, both of you guys are right. Here's what's crazy about, what, what, what, both of you are right. You're right and she's right. Okay.
Starting point is 00:34:41 This is a documentary that came out in 2008. It was with David Walker, the former controller general of U.S., I brought him out to an event in 2011. He's like the CFO of America, who he was for like 10 or 12 years, okay, David Walker. There's a scene in it which is powerful. A lady who's a single mother asks Warren Buffett, hey, what do I do? I'm this, I'm in this situation, I'm going through this financially,
Starting point is 00:35:08 I'm going through what I do to change my life right now because I don't know how to come out of this. His sister says, look, snagging to be pretty, it's gonna be ugly, but here's what I will tell you, go increase your market value. That's what you need. And by the way, this is 08. So if you remember 08, by the way,
Starting point is 00:35:23 if you haven't seen this documentary, go see it, because it pretty much shows what we're about to go through. It breaks it down. Exactly what we're about to go through. This documentary breaks on IOUSA with David Walker. First time I was introduced to this guy was by a couple name Dean and Dean and Fliess,
Starting point is 00:35:40 who are very successful financial folks. But so you're right. Regardless, it's your responsibility to go out and make money and do something with it, but she's right. Everything rises and falls on leadership. Relieters policies affect people's lives. So it's kind of like,
Starting point is 00:35:56 well, no matter how bad of a father you had, you can still go out there and make it. You're right. But hey, people with better fathers, they have a really big impact on kids' lives. You're right. Do you get what I'm saying? So there's everyone has a vote.
Starting point is 00:36:06 Yeah, I got a starting point. There is truth in both, and we have to keep pushing both messages. Do something with your life. Can we have better policies? That's right. I think both ways we need to help. Well, to go back to your point,
Starting point is 00:36:18 I said Pat gave you the macro perspective. Policies, fed, interest rates. Listen, there's things that matter, and there's things that you can control You need to focus on where those two things intersect things that matter and things that you can control breaking news You're not going to control in for interest rates. You're not gonna do it You're no matter what you do you but you can control all right cool. I made five grand this month How much I'm gonna spend on rent? How much I'm gonna do in a car payment? By the way, it's summer.
Starting point is 00:36:45 Everyone's planning on going on vacation. By the way, everyone just got their tax refund. You made, you got 3,000 back from tax refund. This is what I talk about once versus needs. What are you gonna do with that three grand? You're gonna go on vacation? You wanna meet Kino's? You're gonna St. Bartz?
Starting point is 00:37:00 You're going on an agri, or you're just gonna, you know what, let me pay off my debt. This is what I'm talking about. You have choices, You have options. Yeah, we're still in America, baby But I would I want to validate one thing you just said because it's very important that we get the facts right You said I went from a party boy to to business Pure because we like to tell the truth here. We do our back true tell you went from a party boy to party man Party man. Yeah, that's right. You just graduated, true. You went from a party boy to a party man. Party man?
Starting point is 00:37:25 That's right. You just graduated. Please. I went from a soy boy to a soy man. Yeah, that's happening. It's a different story. I appreciate it. All right, let's continue with the stuff.
Starting point is 00:37:33 By the way, when you save that money and you do the thing, you can go party and think you can go party. Things change. So your boyfriend made all right, 6.28. CMBC said this, which I want to just add this at the end of it. Higher home prices and rates have crushed home affordability. For instance, on a28 CNBC said this, which I wanna just add this at the end of it. Higher home prices and rates have crushed. Home affordability, for instance, on a $400,000 home,
Starting point is 00:37:48 with a 20% down payment, the monthly mortgage payment. You ready? The monthly mortgage payment went from $13.99 in the start of January, which is only five months ago, to 1976. Guys, this is America. Let me say that one more time. a $400,000 property with a 20% down payment
Starting point is 00:38:10 which is what 80 grand on a 320 loan your payment went from 1399 five months ago Tyler to 1976 not in a year not in two years in months, and you're not buying a $2 million home, you buy a $400,000 house with a 20% down payment. That's 80% of America, by the way. And Patrick, we talked about this when Brian, when Calvin was here, so what, when people are saying in a year, 18 months, it's all going to change. What, what, what does it take for something that keeps going up, it keeps going higher? I know people talking about a bubble and all that stuff. I don't even know what the hell that means And not bother you guys are talking I felt like my head was in a pop off
Starting point is 00:38:56 Because I'm that person that's you know hustling and you know and then doing their thing and like you guys talked about the policies It's like the writings on the wall Trump, I'm not sticking up for the guy, but he said everything that was gonna happen, I just saw Instagram clip before I came in here. Everything that he said was gonna happen, you know, the second amendment, you know, prices, gas, this, everything that this guy said is happening.
Starting point is 00:39:18 And what trips me out the most is I have a lot of, you know, liberal friends and my cousins are hardcore liberals, but like the people on the left, it's like nothing, it's all good for them. Nothing, and that's of, you know, liberal friends and my cousins are hardcore liberals, but like the people on the left It's like nothing. It's all good for them. Nothing and that's why y'all talk all the shit you want about the left and these hardcore Liberals they stay the course and they go down with the shit They don't Who the left reminds me of? Remember Titanic when the glacier and they're fucking at a die and the violin and the people are dead That's the left. The left is like we don't give a shit gas when the glacier, they're fucking at a die and the violin and the people are dead.
Starting point is 00:39:45 That's enough. The left is like, we don't give a shit gas. That's for me a lot. We're fucking staying on the boat. But that's a problem. They're going to give a shit in midterms. We don't want to say we told you, but the writing is on the, like, it's a question. Well, let me tell you, they did.
Starting point is 00:40:00 I'll tell you why they did care because a lot of them, a lot of those liberals got up and they left New York City and Los Angeles. They live here now. Yeah, you did right, so they cared enough when it impacted their own pocket That doesn't mean that's gonna change how they vote because there's a loyalty to the cause. Yeah, there's a loyal to even if the cause is Burying you the cause could have the shovel with the dirt and just putting it on top. You're buried alive You're buried alive, but the cause has to win, but it'll change where they go because they're like well, I can't pay those That's why I passed about the 10% that run America are in the middle to live, but the cause has to win, but it'll change where they go because they're like, well, I can't paint those. That's why Pat talks about the 10% that run America are in the middle swing voters.
Starting point is 00:40:30 Oh, yeah. Look, the reality is that you know what team you're voting for for the most part. You already know who you're going to vote for in 2024. You don't even know who's running, but you know who you're voting for. Oh, yeah. It could be Jim Boe, it could be his dog. I'm voting for the dog. I'm dead, see what I'm saying I'm but so I'm not at a cat
Starting point is 00:40:46 cat but two two cats two cats yeah but the point is there's gonna there's 10% that's saying I don't know let's see who knows I'm in the Midwest I'm in Toledo Ohio I'm in young Stan Ohio I'm in Detroit Michigan I'm in Des Moines Iowa these people who are who run the country it's not the liberal California yeah and it's not the yeah you don't think what? I don't even know if it's time. I don't even know if there's that many people undecided at this point.
Starting point is 00:41:10 I really don't. I think the undecided is gonna be, I think it's like slim to none, honestly. I really do, because I think really, there's people who are looking at this and they're like, I can't go along with this. Maybe they voted for, but maybe there were Republicans who voted for, maybe they were Republicans who voted for,
Starting point is 00:41:25 but they were Republicans who just, of course, many. Of course, many. All the ryanos, there's many of them. They're not gonna endorse this. What has played out with the mass on the kids. If whoever runs for the Democratic Party wins, I'm gonna call cheating right now.
Starting point is 00:41:36 That's it. I'm gonna call it. There's said, what was it? 10,000 mules or what? Did you guys see that? The documentary by 2000 mules. 2000 mules, whatever. I'm
Starting point is 00:41:45 Have you seen it? I have a Jander sex People that did see that said that they saw it they were shocked that well maybe you've got to see it to have feedback on it Well, what we'll see it and we'll have feedback on it But you know to to go back to which we were talking about with the with the voting side the 10% And what happens these next six months if this thing gets worse and worse and worse listen when when the left turns on the left It's over the writings on the what when Obama and Michelle are out campaigning right now to save their party
Starting point is 00:42:16 You know something's going on when Obama and Michelle are out. That's when stuff is really going up because they're like no No, no, no, no, we're not biting. No, no, no, no, no, no, no, we're not biting. No, no, no, no, no, we're not this. There's rumors right now that Susan Rice is running America. Nobody even knows about it. And Susan Rice is running America through. Susan Rice is running America through. Obama.
Starting point is 00:42:34 Obama's running America through Susan Rice. But. Give a problem with that by the way. I am not a, no, as far as being an American, give a problem with that. I will listen. First of all, this is going to sound very strange. I would much rather have an Obama over Biden.
Starting point is 00:42:49 Okay. That's not strange at all. I would much rather have an Obama over Biden in a, in a, in a, in a sense, strange, and if a person in the middle of the right can't say that, you are, you are part of the problem. Because at least Obama could come out at a time like this and give a message and Calm the nerves and we could move out right? Biden can't even do that at least Obama could come out and give a message where people are not crazy over reacting He was poised to give a message like that, but
Starting point is 00:43:16 Biden went on Jimmy Kimmel the other day. I was watching. I'm like Jimmy cut him off Cut him off. This is bad for America, for him to be shown that way. Finally, Jimmy's like, I think it's, we gotta go to break and we'll come back and say, yeah, it's probably a good idea. Do you don't say stuff like that? The president says, yeah, that's probably a good idea. You're the freaking president.
Starting point is 00:43:36 They talk about being presidential. The guy that's supposed to be presidential is not being presidential. So what the hell is presidential? Obama, presidential. This guy, not presidential. Okay, you go and make Trump's being presidential. So what the hell is presidential? Obama presidential. This guy, not presidential. Okay, you go on me, how you Trump's not presidential. A lot more than a guy we got today right now
Starting point is 00:43:51 if you talk about being presidential. Anyways, so look folks, if you're liking this format and you miss it, give it a thumbs up and subscribe to the channel. Quick shout out to a couple of our insider guys who are the top level insider members, Kevin Northcut, A&A, Eddie Gomez, Michael Peterson, M1, shout out to you guys for the membership they have on a monthly basis supporting us. We do what we do because of you.
Starting point is 00:44:16 You come out and you listen to our content, our argument, and that's a way of showing support to us. We salute you. So shout out to those folks. And by the way, if you would like, this is just a quick test that we're doing. I got to, I'm working on a project that we may or may not do. If you would like, if you'd be interested to say Pat,
Starting point is 00:44:34 I'd love it if you guys did a once a month podcast. That's a live audience with a hundred people in the room that maybe I can sit front row and give some opinions and the format is three hours. I can be a part of that with guests, you meet the guests, take pictures with some of the guests. If that's an interest of yours, tell us to give it and give us a thumbs up and subscribe and maybe in the comments section, say, and Pat, we like to see that taking place. If it does, we may introduce some like that in the future. So let's transition away from finance because obviously our experts here on the left left talking finance. Let's transition from finance because obviously our experts here on the left left-talking finance transition from finance and let's go to what
Starting point is 00:45:07 elan musk said about ronda sent us let's talk about that so page four so elan musk says he would likely vote for ronda sent is for president twenty twenty four this is an insider story by the way musk was asked when the on twitter who was leaning towards voting as a president and he responded to sent us. He made the comment after he was asked if he would vote for Republican for president and he said TBD to be determined or to be decided. He added that he supported the Democratic candidate, Andrew Yang in 2020 election but believes the Santas has a better chance of winning in the upcoming election. Musk said last month that he would vote Republican in an upcoming election despite having voted for democrats in the past years
Starting point is 00:45:47 and describe himself as a moderate neither republican nor democrat but when these tweet are his most explicit political statement yet so jettadayah when you heard this what was your reaction and were you surprised i was not surprised at all uh... my reaction was great i think ron to santa says that i don't know if he wants the job i don't know if he wants to job. I don't know if he wants to run. He's the guy to run. He's 100% the guy to run.
Starting point is 00:46:09 It's unsurprising to me. You were talking before about Biden and Obama. Biden has multiple problems. Not being coherent a lot of the times is one of them. I don't even think that's funny. I think it's a serious matter. I think people around him in his circle are showing him an immense amount of disrespect
Starting point is 00:46:23 by letting him go out there because oftentimes he doesn't make any sense. Something's going on there. I'm not a doctor. I can't say what it is. Something's not right. The other thing is that the left has gotten to extreme. They have gone off the cliff.
Starting point is 00:46:35 So when you talk about an Andrew Yang, when you talk about an Obama, those were people that what was extreme back then was conversations about redistribution of wealth. Remember that moment, the jail diploma moment? We were all like, wow, I can't believe that was extreme. Mandating that somebody should have to have health insurance, that was extreme. That was the whole debate about Obamacare. Can you force a 21-year-old who doesn't get sick a lot, who doesn't want
Starting point is 00:46:55 to pay for health insurance to have health insurance? Those were the extremist points of view. Now, look where we're at. It's gone completely mad between the masking, between the lockdowns, between all of these policies mad absolutely mad so i think that the people that were once democrats and were once saying wait a minute i thought democrats were supposed to stand for freedom i thought democrats were supposed to stand up to big corporations i thought democrats would be the ones leading the fight against big farma
Starting point is 00:47:21 i thought they'd be the ones front center on that stuff they're not doing their job according to a lot of those people in the center now who lean left. Those people are also not deaf, dumb and blind. They own businesses, they're seeing what's happening, they have kids, they're sending their kids to school. They know that what's being preached out there,
Starting point is 00:47:37 all this woke ideology, these are not Republican talking points. And they know that because their kids come home and they see what their kids are learning and their kids talk to them. So this stuff that's very extreme, legitimately extreme has gotten very real for these people like a musk. He's a very successful businessman. He is not a dumb guy. He knows that what's happening right now is not good for the country.
Starting point is 00:47:57 So I think you're going to see a lot of people in his category. I don't mean financially in his category, but I mean people like that who are like, I'm not a committed Republican, but this is messed up universally stepping out and they're going to go the way of the disandices. They're going to be able to vote in these small local elections. Don't forget your local elections. Those are the powerful ones. You change your community at the local level first. That's where the big impact is. Then it shifts out. It's going to make a big difference. So I'm not surprised. I'm very pleased to hear it. And I think you're going to hear, I think there are a lot of Elon Musk's out there not fine. Not financially, although we all wish
Starting point is 00:48:27 In that case, hey, I'll be an Elon Musk But you know when it comes to mindset 100% that is in more places than we realize Vinnie. What do you think? I think he's I think He's right number one in that I don't think my mic is on no, it's okay. Sorry. Um, I think To be honest, I think the Sanctus is Trump ish if you think about it. Just not as extreme. He's always cracking jokes He's always he's always funny. He's always like in the mix I mean is there okay? Remember we had his press say who's here pathage? We interviewed there's no way that he's running
Starting point is 00:49:02 Is he 100% in a person? Yeah,. There's no way that he's running. Is he 100%? He's seen a partial, yeah. Christine Pasha. Yeah. He's not, or she never said it. She never said it. Yeah. If they do go out, like, they have to debate and go out. That's what I'm talking about.
Starting point is 00:49:14 Stories are coming out that he may run. By the way, this is what DeSantis said when he saw the tweet. Yeah. I welcome support from African-American. That's a nice one. Like that's, come on. That's, Trump wouldn't, Trump wouldn't be that clever. Like that's, come on. That's, Trump wouldn't, Trump wouldn't, could be that clever, but that is, come on.
Starting point is 00:49:27 To be clear, a lot of people don't know that Elon Musk was born in South Africa. South Africa, he was African. What is he talking about? There's some whittiness to the Santa's on that one. Well, here's what I'll say. As much as Jedadaya doesn't know about financial stuff, she's very well informed when it comes to political stuff.
Starting point is 00:49:44 So respect to you. I think the reason why Elon might, and I'll put myself in that category, not the billions, but as far as like mindset goes where it's, he's come out, he's never voted for Republican. I think he said that. He's never voted for Republican. I'm also in that camp, okay? But we're at a point now where we talked about on the last podcast, we're looking for some freaking common sense at this point. We're looking for someone, you know,
Starting point is 00:50:10 Joe Biden was supposed to be the Uber driver to drive us home because there's a drunk driver at the wheel. That was the whole premise. But it seems that the dementia is affecting his driving. So at this point, essentially America, America I think you know, I'm using Elon Musk as a bellweather or canary in the coal mine for America They're basically saying we don't need the orange bad guy anymore We don't need the old creepy sleepy Joe guy can we just get a normal motherfucker who makes sense that America will get behind and what I wish for America We talked about a synergist is I hope and I pray that we have a president that has 60% approval rating. Once last time we had an American president who had 60% approval rating meaning it's not just 50-50 or 49-52 like when's the last time that we've had 60% approval rating.
Starting point is 00:51:00 I think George W. Bush had it when he came into office that plummeted but I think what American needs now is someone who just unifies and says this guy's got common sense Yeah, I've been a Democrat my whole life, but I'm gonna vote for this guy Yeah, I'm a typically Republican and I'm a I'm a Trump guy But I don't like what he's up for the country and I vote for a dissent like the Santas I don't know if people want Specifically Ron DeSantis or who he embodies. I don't know if people want specifically Ron DeSantis or who he embodies. I don't know if that makes sense. I'll tell you what they want from DeSantis.
Starting point is 00:51:30 It's not about DeSantis. I do think he's funny and I do think he knows when to get out of his own way, which is an art form in politics because you can go too far and you turn people off. Trump did that a few times and I think he lost a lot of people doing that. When, yeah, I feel, no, but a few noted times
Starting point is 00:51:44 where people were like, okay, I'm out. Yeah. But I have a specific moment where I was like, right, and many people call that. And the David Duke moment, I was like, you don't know who David you can't denounce the kick. I was like, I'm out. But everyone has that moment.
Starting point is 00:51:55 But everyone has that moment. And many people can point to this moment with Trump. Yeah. With Desandes, is gonna be harder. And by the way, Jedadai, you bring up a very good point here. Once you make that decision mentally, I'm out. It's like if you're dating someone, and there's something they do,
Starting point is 00:52:11 you're like, yeah, yeah, she snores. Yeah, he's discussing, he smells. You're out, no matter what they do. I don't know about that. It's very hard to go back to that. I don't know about that. I think we're a very forgiving country. We have such high expectation from everybody
Starting point is 00:52:26 that's on the big screen, but we're a forgiving country. Look how many athletes with their past mistakes that they made and how quickly we forgive and we move on. We are about redemption. I would love to see Biden redeem himself. I'd love to see it. What are you talking about? I got two and a half more years to,
Starting point is 00:52:42 I'd love to see him redeem. What is a one-term or two-term? I wanna see him redeem himself. I'd love to see him reading. What is a one-term or two-term, I wanna see him reading himself. I'd love to see Trump reading himself. I'd love to see any of these guys reading themselves. If you go to a point that you're out, there's a difference between dating where there's zero commitment versus a guy
Starting point is 00:52:59 that's now your president, you want to see that person redeem themselves. If you're running a company, almost every single one of your employees, or the leader at the top, is going to make a mistake. There's not anybody that's not going to screw up. So some screw ups are small, some are midsize, some are big. And you're going to have some tough conversations with people. And what do you do? Do you automatically just jump to conclusion and say, I'm done with this person? No, you give people chances to redeem
Starting point is 00:53:28 because then that person says, this guy is forgiven, he's given me chances, but then there's a limit to chances. So maybe one, two, three, four, five, six. Okay, then you got to move on and say, this guy's just, he's got a bad attitude. As long as for me, if you're attitude is solid, if you're working on yourself, if you're a for me, if your attitude is solid, if you're working on yourself, if you're a team guy, if your ego is manageable, if you're not defaming people
Starting point is 00:53:51 behind closed doors, you're acting good on the outside and then you're, we're going to make your work at the company and we'll improve together, right? So for me, this whole concept of also expecting perfection from all our presidents, that is so far behind me with Clinton, I'm over to expect these guys to walk on water. That is not my standard. My standard is you screwed up, you're going to, you're the president, and we're gonna judge you. This job sucks.
Starting point is 00:54:14 However, a thousand years from now, they're not gonna write about the average person in history books, but they're gonna write about you. So if you're part of the history books, and you're gonna get that kind of accolades, you're gonna be on cover of all the magazines, you're gonna write a book that's gonna sell millions of copies, you're gonna put a tweet
Starting point is 00:54:28 that millions of people are gonna follow, there comes pressure. So can you please make some better choices because we're relying on you to improve yourself? So I come from that thought, don't get me wrong. Both of these guys have said a lot of crazy things, but this is America, we believe in redemption. I like what you're saying, I love the message. I love it.
Starting point is 00:54:46 I have to go with Adam on this one. I can't believe I'm about to ruin my career by saying, I'm just agreeing with Adam. Just so you know. But the thing about it is, I think I would love for a lot of people to have your attitude. I would love that because that means that when you say, I want Joe Biden to come out of this and I want him to do better,
Starting point is 00:55:02 you're rooting for your country. You're rooting, it's beyond politics for you. It's beyond Joe Biden. come out of this and I want him to do better. You're rooting for your country. It's beyond politics for you. It's beyond Joe Biden. It's not personal. It's not personal. It's like, I want the country to do well. I want him to come out of whatever's going on and I want him to do better.
Starting point is 00:55:16 That's a wonderful way to look at it. However, I don't think that's the way a lot of people look at it. I think people make a decision. People who can't stand Trump, they will hate Trump forever. They wouldn't, no matter what, the earth could be caving in. And Jesus could come down and say, Trump is the guy who's gonna pull us back out.
Starting point is 00:55:33 And there would be people who said, I gotta sink. What up, yeah. Perfect transition into the next article. Can you please bring this up? What a perfect transition into the Gallup poll that just came up. Pull up the Gallup poll that you have up pull up the Gallup poll that you have
Starting point is 00:55:45 Pull up the Gallup poll that we just I give it to you yesterday. So here we go watch this Record high 50% of Americans rate US moral values as poor, okay, so this kind of Goes to where you were going and where I was going watch this 50% say moral values as poor 37% say only fair 78% think moral values is poor. 37% say only fair. 78% think moral values in the US are getting worse. Consideration of others cited as the top problem would state moral values. We've been talking about this on the podcast
Starting point is 00:56:18 for the longest time. We no longer talk about morals and values. One of the, whether you're a Christian or a Catholic or a Jehovah or seven day or LDS, whatever it is, the basic foundation of Judaism, the basic foundation of any of these religions is what? Forgiveness is kindness, don't judge, you know, steal, kill, all of this stuff is the basic foundation of these morals and values, right? If we don't teach these basic morals and values, none of us will forgive.
Starting point is 00:56:50 None of us will talk about redemption. None of us will believe in that. I think this is the problem America has today. When 9-11 happened, nobody cared about your skin color. We all became Americans. When COVID happens, everybody hated the orange man, and everybody became enemies because it was your political party before your country. This validates every point that we talk about
Starting point is 00:57:11 on this, what do you call it, on this podcast here. Schools, I can't say how many parents I'm talking about, where we had one of our friends that we were just talking about in public school, what happened to their kid, they're like, I can't send my kid back to this public school. I just I'm not comfortable. Why do you know? What's the number of reason why they can't send their kids back to that public school? Morals and value. Do you know why people are doing homeschooling? Morals and values. Do you know why kids are people are sending their kids to private schools? Morals and values.
Starting point is 00:57:36 Do you know why church attendance on some churches is at a record break and high right now where people coming back? Because people are some to realize if they're not going to give it to me at my school, I'm going to put it to me at my school I'm going to put it on morals and values. Do you know why the football coach that is known as raising great men that strong values and principles? Do you know why some parents are getting out of his way or her way to challenge the kids to become better human beings? Because he or she is setting the tone with the kids of injecting the right morals and values. Do you know why certain companies
Starting point is 00:58:03 with seals and executives are starting to recruit talent that are coming to them saying, listen, I'm here because of morals and values. This topic right here, no one is talking about because this is boring. Nothing about this is exciting. Nothing about this gets people to say,
Starting point is 00:58:18 oh yeah, let's go, this is gonna go viral. Let's talk about this on CNN or fog. Let's talk about this on, nobody wants to hear this because this is a boring, but necessary topic. All of us like, we don't like it, but all of us internally, when we look back and we think about a leader or a coach that pissed us off the most or a relative,
Starting point is 00:58:39 it was typically a person that expected more from us. And we were like, man, I can never get to that level, but you know that's the person you remember. You remember the worse and you remember the person that pissed you off because they expected more from you. It was kind of like, I can never reach this guy's level. Totally get it. But you know what?
Starting point is 00:58:55 At 42, you're sitting there saying, hey, listen, you know what I mean? That's inclercated. I kind of love you, man. Appreciate you. Thank you. I am who I am because you go back to that, right? Yeah. Anyways, what do you think about this? JIT OF THAT. Well, one of the things that I think broke this for a lot of us was technology.
Starting point is 00:59:10 If you, I think social media and hiding behind phones and not having eye contact and not having real interpersonal relationships, I think it broke people hide behind. If you look at social media, people say things on Twitter, they would never say to you. They would never say to your face. So I think the rise of all of this technology and putting distance between people and lack of community. One of the reasons I think that 9, 11 and COVID were different because after COVID, everybody was isolated. They were all separated.
Starting point is 00:59:40 You became the enemy. You over there. Oh, I'm in my house and I'm staying home and you're not staying home, you're the enemy. Oh, I got a vaccine and you didn't get a vaccine. You're the, if people where that didn't happen was in places like Florida where people were out and about and they were talking to each other
Starting point is 00:59:54 and you realized you had a shared humanity. You talked to somebody and you said, oh, that's not my enemy. That's just somebody that made a different life decision than I did. So that's the difference. I think technology is number one and I think big media is the other problem.
Starting point is 01:00:06 Big media, I always say division is a business model in big media, and I think they thrive. They thrive off of screaming and yelling, oh, let's put two people on a split screen and have them yell at each other. But we're not gonna solve anything. We're just gonna present this view that they can't stand each other,
Starting point is 01:00:22 and that trickles out. So I think that that's the part about how we don't see each other as people anymore, which is why when we sat here with Nikki Frieden, we had a discussion, people were like, where is this? Well, it's not happening because people don't do this anymore because cable news doesn't thrive on it and social media doesn't thrive on it. So you have to find and make those spaces. That's number one.
Starting point is 01:00:44 I think the morals are a little bit, that's when you dig deep into schools and what's going on, that's gonna become a different conversation about woke ideology and all that. But the very fabric of like, I'm a human, you're a human, we can disagree. I respect you, you respect me, let's hash it out.
Starting point is 01:00:58 That is increasingly vanishing, and you have to think, are our kids who only know a world where all these phones are out, and social media, are they gonna who only know a world where all these phones are out and social media, are they gonna grow up able to have these conversations or are they gonna have lost that, completely skip that step because they don't have the basis of comparison.
Starting point is 01:01:14 We had how many years in the world before, I didn't have a cell phone until I was 19. I had a normal, functional childhood. These kids in an iPad and a cell phone, we did on the show this week, virtual this and virtual that and Metaverse. Screw the Metaverse. Your kid wants to play Send Him Outside.
Starting point is 01:01:29 Send him in the universe. Really? Honestly. Get the Metaverse. Send him in the universe. Send him in the universe. Put that on a shirt. By the way, I'm gonna do something right now.
Starting point is 01:01:38 That I can. Jack Carlo, be careful. He was coming. Adam Soss. Here's what I'm gonna do to Jen and Daya right now. Slow clap. Because everything you just said, I literally wrote down as like a talking point
Starting point is 01:01:49 that I wanted to discuss. I swear to God, social media. She saw your notes. Okay, community. I'm like, I'm a joke. I cheated, I got a copy. Bingo, you cover my notes. Why can't we get back to when we're copying each other's notes
Starting point is 01:01:59 in person again? We all did in high school. We all cheated. But, you know, there was a famous quote by JFK, asked not what your country can do for you, ask what you can do for your country. We've lost that sentiment of community and country, and the other side is the enemy.
Starting point is 01:02:16 I'll never forget, you talked about social media, I'll never forget when I started my show, so I'll talk money. I went around, I was interviewing all types of people. One of the most lasting conversations I had was out in LA at Venice Beach, kind of right where we were a couple of weeks ago. And it was like this kind of like
Starting point is 01:02:33 cholo gangster type of guy, Mexican guy. And I'm like, so what's going on with America with the money is like, the problem is everyone's so selfish and a selfie is all about yourself. I was like, oh damn I'm like and I was like, oh like a selfie is you're more concerned with yourself that I was like, okay Go ahead, buddy. It was like yeah selfies are ruining the country values and principles Exactly. Let me tell you guys. I get this this backpack here that's sent to me that you know FedExbox comes in just like babe. There's a gift waiting for you I open up the FedExBox. I don't know what this is. I'm like okay, why is
Starting point is 01:03:08 At first I'm worried because it's dirty It's all I'm like what who would send me a gift like this It's you know, so my kids are sitting I start reading this letter And I'm reading this letter by man named Scott Rodriguez. I talked about this at the beginning the podcast first generation American Cuban He's 35 years old at a San Fernando Valley, Santa Clara Valley, which very familiar with that area, you can't even country Valencia.
Starting point is 01:03:29 He talks about his parents who started a business with one truck in 1986 and they build it in 2004 to $25 million of your business. They sell it and they retire. And he's going to school, while he's in high school. And he's got this one teacher that he's working with, Mr. Whitmeier, I believe is the name, yeah, Carl Whitmeier, freshman year at the Hart High School in Newhall,
Starting point is 01:03:52 California in 2000. And Carl came out of retirement to be a teacher's aide in my studies skills class. Okay, so he's always there, but he never talks about military stories because he used to be in a military, he used to be in a navy, right? For 16 years, right?
Starting point is 01:04:06 And so he says he was a gunner, he's this, and they say every time I would go up to him to ask him stories at 13 years old, he was, I was just a 13 year old boy. He said he would never tell me any of these stories. Anyways, fast forward to the point where he's no longer coming to school because he's got lung cancer.
Starting point is 01:04:21 And he's asking everybody, where is Mr. Whitmire? I got emotional reading this. I had generated because it was an emotional story. Anyways, finally, he finds that that Mr. Whitmire is in a hospital on his deathbed. He says, I come back to school January 6, 2002, which is 20 years ago, and Mr. Whitmire wasn't there in class. My teacher told me he was in a hospital.
Starting point is 01:04:39 I jumped on the computer and started typing a letter to Mr. Whitmire. I wrote him to tell him that what he meant to me and how he touched my life. I gave the letter to my teacher since she said she was heading to the hospital to see him. I looked at my teacher and said, I don't care what she'd do and how you'd do it,
Starting point is 01:04:54 but make sure he gets this letter. Mr. Whitmer passed 10 days later on January 16, 2002. I walked in the class and my teacher took me into the hallway to tell me the bad news She'll set a box and a card in her hand. She had a me this box and card and Mr. Whitmer wanted me to give you this Mr. Whitmer left me his World War II backpack I cried and cried was the first time I had lost someone I loved. This backpack represents freedom Patrick, represents sacrifice love. I want you to have this gift from me and from Mr. Whitmer. I know I don't know you Patrick, but I'm so down proud of you and thankful for this.
Starting point is 01:05:32 This is freaking emotional. Wow. Let me take this. Wow. This is the value of a person making a positive impact in a 13 year old kid that he's now 35 years old. American Cuban first generation. his parents set an example. You know what this represents to me?
Starting point is 01:05:48 Vise and principles. This is Vise and principles. This is what we all want when we were kids. This is what a 16-year-old kid that maybe doesn't have it in his asshole. He just wants somebody to say, listen, lead. This is tough. Make the tougher choice.
Starting point is 01:06:02 Don't make the easier choice. We are living in a generation that these types of mistresses, no one's gonna know Mr. Whitmer. He's not gonna be a guy that's gonna be known, story's gonna be written about this guy, but he made an impact in a 13 year kids life, gives him this 20 years later, Scott Rodriguez gives it to me.
Starting point is 01:06:17 So, I know this whole thing, kind of, I don't know how this happened, but we're going there and you make the comment about redemption, and then we see the Gallup article that we saw yesterday on Drudge that we're talking about and that goes to Scott Rodriguez. Scott, I don't know if you're watching this or not, if you are, appreciate you for this gift.
Starting point is 01:06:33 You're an absolute stud. More power to you for the parents that raised you. And as well as you being able to give love to a teacher like him and ensuring this sentiment with me, this is gonna be in our podcast set. I thank you for this kind gift. Anyways, we need more stories like this. Amazing.
Starting point is 01:06:50 You have a Mr. With My Story. You have a Mr. With My Story. You have a Mr. With My Story. We all have a Mr. With My Story, right? So if you're watching this, maybe let's give a little bit credit and stories to people like that in our lives. You got an Instagram profile with 800 followers,
Starting point is 01:07:08 make a video and share the story of your Mr. With Myr. Okay, I remember years ago, I was at Glendale High School, 1.8 GPA, 14 years old, health and guidance teacher, this lady named Miss Sinclair was tough on me, challenged me, I would always sit in the back, I never sat in the front, I'm not a front sitting type of guy. I sit in the back because that's the,
Starting point is 01:07:27 you know, you can get away with a lot of stuff. She's like, Hey, Patrick, you're sitting right here. She sits me right in front of her, which I'm like, this is the worst real estate. I don't want to sit here because accountability's hind the front accountability is low in the back. So next thing you know, I'm, I'm, listen to, by the way, she's-11 on a good day, okay?
Starting point is 01:07:46 And long story short, she's a major in the army because of her. I later on joined the army. I went back at 28 years old and I surprised her. No, at 33 years old, 34 years old, there's a video online. I surprised her. We took her a bunch of gifts. I talked to the principal. She had no clue what I was doing. In front of all of our students, I said, how she changed my life.
Starting point is 01:08:10 And do you know Miss Sinclair and I for the last 12 years we've been pen pals? She writes me letters. When she dates a guy, she says, I want you to meet this guy. I go have lunch with the guy and I say, so what do you think she calls me afterwards? We've done this multiple times. This woman changed my life.
Starting point is 01:08:23 She's a regular human being that made an impact on a 14 year old kid's life that a 43 years old, 30 years later we remember that. We need to tell those stories. Those day to day people that made a positive impact, we can't forget them, we got to recognize those folks as well. Because if we don't, the market's not gonna do it. So anyways, that was my rant, Scott, you demand,
Starting point is 01:08:42 apparently you're on, I'm glad you saw this and you get in a shot. I appreciate you for the Get back pack story was I I thought I was like a vintage cool. This is a tell you the story now this thing. By the way, this look at this man People gonna walk past can you zoom in on this is there a way to zoom in on the the the what he called it on his Plot Carl Ray with my US Navy World War two was born August 20th, 1924,
Starting point is 01:09:06 in January 16th, 2002, loving husband, father, and grandpa, and obviously a leader as well. Shout out to this man for what he did to impact a 13-year-old kids' life and now on P.B.D. podcast. What a freaking story. I love that story, and I love stories like that. And I think that it's easy to talk about big names. Like we always talk about the politicians
Starting point is 01:09:30 and the names of influencers and all of this stuff. And we say, Kim Kardashian has a ripple effect or throughout the nation when she says something beyond me, whatever ridiculous thing she's saying these days. But really when we talk about morals and character, it's these people. When you talk about a kid who feels motivated, he grows up poor and he feels motivated to build something.
Starting point is 01:09:54 It's gonna be that teacher, that guidance counselor, that camp counselor, that pulled him aside and told him a story and said, you can be anything you wanna be. It's not always the parents, by the way. People always say parents, parents, it's not always parents. Not everyone has the privilege of being in a family where parents are supportive.
Starting point is 01:10:08 Sometimes it's people on the outside, like the camp counselor, like the teacher, but that's why I always go back to like, the breakdown of community is the problem. The breakdown of all church. I don't care, you're religious, you're not religious. Churches are a place where people go and they form a community.
Starting point is 01:10:25 It's people who care about each other. It's people who make that eye contact, handshake, families get to know each other. That is what shapes these young kids into turns, you know, boys and to men, girls and to women. Turns you into someone that's not gonna hide behind, you know, some stupid emoji or whatever it is on your phone and say something nasty to somebody on social media,
Starting point is 01:10:47 but instead it's gonna look somebody in the eye and have a real conversation. So these are the stories that build people. And these are the people that need to be highlighted. I wish people, you're right, people who have a small number of followers on their accounts instead of talking some nonsense about Kim Kair, whoever the person of the moment is,
Starting point is 01:11:04 highlight stories like this that remind everyone of the importance of these communities. This story shook me today. I'm so glad you shared that. That's awesome. Yeah, just like during the pandemic, who's the guy from the office that just did the good news? And it was, you know, you guys don't want to talk about?
Starting point is 01:11:20 Who's the guy from the office? During the pandemic, he shot something that was just called the good news Which character from the off the one that was the date he was like flirting with the the office assistant the whole time What was it called good news? It was the guy from the office. What's his name? I don't know He was just doing this whole it was just stuff like this and pause the stories I think they I think he sold it to like a network. Oh, yeah, that guy right there John Krasinski He did something. Oh John. Yeah, he did a military. He's talking a network. No, really. That guy right there, John Krasinski.
Starting point is 01:11:45 He did something. Oh, John, he did a military. He did a military. He's talking about Jim. Yeah. It was just positive and loving stories and all positive stuff, which we don't get to hear and nobody gives a damn about, but I do that some good news.
Starting point is 01:11:56 And I think that I wish. I wish the local news. I'd very rarely watch local news, but when you do watch it, it's very depressing. So-and-so was murdered today. Yeah, that's terrible. Never pause it. It just story do watch it, it's very depressing. So-and-so was murdered today. So-and-so. It just story after story after, and I get it. Like these are, and they sensationalize horrible things,
Starting point is 01:12:10 but like on, I'd never watch it, but I remember there was a Robin Mean, she does, she's the girl that she's like the face of CNN, headline, not CNN. She always does like, the, you know, morning sunshine, like the good story of the day, like heartwarming stories need more of those. We need more mis-relippin' stories.
Starting point is 01:12:31 It's happening, it just needs to be highlighted. The thing is, this stuff is happening. It's just not a money maker. It's not a headline grabber. It's not gonna make people mad and fly it up. And then, you know, sometimes it's not about being mad and it's about being grateful. You know what the challenge is. I think here's what the challenge is. So we know what we can this is. It's the weekend that gets skipped. It's Father's Day weekend, right?
Starting point is 01:12:54 Father's Day doesn't get, it gets one 100 of the recognition that Mother's Day does for many reasons, but it's Father's Day, right? So what's the one thing we like? We want recognition now. We want results now. We want to be told that the little conversation we have with our son, we see the you know residual effects of it when now. We want to go to the gym and see the six pack now. We want to go out there and read a marriage book and our marriage gets fixed now. We want to go out there and read a marriage book and our marriage gets fixed now. We want to go buy a mutual fund or a stock or a Bitcoin and we want to become rich now. Everything is now. But sometimes you have to know that that little value you taught to your son or your daughter, you're probably not going to see the positive effects of it
Starting point is 01:13:38 for 30, 40 years. And you have to be okay with that. Sometimes when you go buy that mutual fund or the stock and you're trying to be a millionaire tomorrow, you're probably not going to see the results of it for 10 or 20 years. It's okay. Be that. Sometimes when you go buy that mutual fund or the stock and you're trying to be a millionaire tomorrow, you're probably not gonna see the results of it for 10 or 20 years. It's okay, be patient. Sometimes when you go start a podcast and you buy yourself, nobody is there, and you're 20 people.
Starting point is 01:13:53 Like I remember we would do sort of like 13 people. Oh, should we got 13 people? I wonder who these 13 people are, definitely not my relatives, definitely not the people. I'm okay to all the 13 people out there. Thank you for listening, right? And then you realize later on, two, three, five, 10, 20 there. Thank you for listening, right? And then you realize later on, two, three, five, 10, 20 years later, there is impact, right?
Starting point is 01:14:09 So we have to understand and be a long-term thinking to know that the positive impact a person is making a great teacher. I say great teacher because there's the ones that go Bob and Vianne, great leaders, great parents, great mothers, great fathers, those that take this stuff seriously, you're rarely gonna be rewarded for the great job
Starting point is 01:14:31 you're doing today, you're not gonna get rewarded for a decade or two, and that's okay. Because when the recognition is given, the impact is a thousand times more than you would have gotten instantly. So just be patient. Don't expect to do good. I've had a guy that was working with me years ago.
Starting point is 01:14:49 I really believed in this guy a lot, but he was overly negative, overly arrogant, and everybody had a hard time working with this guy. This was a sales office that was running like in 2004, 2005 insurance. I was sitting down, I'm like, listen man, listen, do you realize you've had so many jobs the last 10 years? And you sit in front of me, and when it's just you
Starting point is 01:15:12 and I, all you talk about is how all your bosses were bad. Okay. You have to understand, maybe one boss I'll buy. Maybe two boss I'll buy. But if you tell me eight bosses were bad, I have a problem with that. And you have to be aware of this, that it's not the world.
Starting point is 01:15:28 You're extremely capable, you're extremely talented. You have a heart inside. Somebody in your family ruined you a little bit. What words they said, or they made your life easier. Your mom, your baby, you and you're just a little pansy now a little bit, someone needs to tell you. But if you can depanseify yourself and toughen up a little bit, I think one day you can truly make a massive impact in your life.
Starting point is 01:15:53 This is a late night conversation that we had. He'll remember this. So what happened six months later, he leaves. Okay. And now I'm the enemy. I'm the new boss. That he has. So he's trashy, maybe, behind closed doors. And you know this and that, that, that, that, I'm like, dude, I'm so patient. I said, dude, I'm the new boss that he is. You're the ninth guy, you're the ninth boss. So he's trashy, maybe, behind closed doors.
Starting point is 01:16:05 And you know this and that, that, that, that, that, I'm like, dude, I'm so patient. I said, dude, I'm gonna get that phone call. What happens five years later? I get that phone call. He's the president of a bank, a hundred employees report to him and work with him. He's making killer money.
Starting point is 01:16:21 He calls me, says, you have no idea how hard it is to make this call and how much I've been looking for to make in this call Let's tell me why I said you know what I said of course, I know who you are I've spent a lot of time. We ran a lot of appointments together He says do you know what I'm doing right now? I said I have no clue. He's I'm officially the president of such and such bank He sends me the details. I don't want to disclose it. He's making multi six figures. He's killing a guy a wife got kids He says Pat no one in my life talked to me the way you talked to me that day. My own family wouldn't challenge me the way you challenged me. But I've been reliving that conversation the last five years and I finally realized it is on me. It was
Starting point is 01:16:54 my fault. It wasn't my boss's fault. And I took responsibility, look at my life now. Those are my favorite phone calls. And by the way, I am so patient because I received those calls all the time, maybe not in a year, maybe not two, maybe not three, maybe not five, maybe not 10, but you're going to get that calls. Because eventually we realize the only way you can change your life is what? Through you. The only way things change is through taking personal responsibility.
Starting point is 01:17:19 That's the only way things change. So, you know, to those that sometimes we are so conditioned social media, the point you made, we want the likes now, we want the shares now, we want the views now. Yeah. Relax. Yeah. You know who has a lot of conversations like that? Hmm. Dads. Dads. Yes. Dads. My dad sits me down. You know, you brought up father's dad. I just want to say like shout out to all the dads. Dads are so important. Big time. I mean, in my house, my dad, I would sit down with my dad.
Starting point is 01:17:50 My husband always jokes to me and he says, I love you because you have so much self-respect and my dating history will probably get into this at some point on your show. But my dating history was like, I don't put all the goods out there, you know? I'm not like that. I'm very selective.
Starting point is 01:18:04 Those conversations, the reason I'm the way that I am, came from conversations I had with my dad. My dad taught me like, you need to respect yourself or they want, this is how you need to be treated by a man. This is how a man treats you. This is how a boy treats you. Know the difference. Those conversations happen with my dad.
Starting point is 01:18:22 Conversations about discipline and school. Everyone here knows, you probably already figured out I have no patience, it's not a good trait. My dad is always on the phone, like be patient. It's a virtue, you must learn patience. I'm working at it, but those important conversations, yes, I'm close with my mom. We're like a girls club, my mom and I,
Starting point is 01:18:39 she's my best friend. But don't underestimate the power of a dad, and it just reminded me, I know you're a dad, I know you love your kids so much, but that what you just did is something that dads do so well. And it's so important to have those kinds of conversations to be straight with your kids, shout out to the dads. It just reminded me of my dad and how he talks to me.
Starting point is 01:18:58 Sometimes you need that reality. And my dad does it in a very different way for my mom and I can kind of be like, did you see, yes, I did. And she agrees with me. And we're like, but my dad does it in a very different way for my mom my mom and I can kind of be like did you see Yes, I did and she agrees with me and we're like, but my dad sometimes is like hold up You know this is and and he really made me into someone people say when people say to me you're a badass I'm like thanks dad every time every time so Tony Tony he's listening
Starting point is 01:19:22 Respect Tony, but by the way, you know how they say anyone can be a dad But not everyone can be a father. Yeah a father figure is is super important or a fatherly figure is so important And by the way, you know, I gave Jedadaya like I'll slow clap earlier. I want to give you a clap Munch I'm gonna clap in mode Scutin' a good mo Good mo, but what you said is so freaking powerful, Pat, because it kind of goes back to my point, we were arguing, but it's like, look,
Starting point is 01:19:50 you can go out every excuse and all the president of the politics, it's like, you gotta look in the mirror and you gotta take some accountability for yourself. And that's really what the, what, I don't know, that's sort of the message. So listen, I mean, it's so weird how this whole thing came about and this was not part of our pre-upon. I guess, not at all. This is all because of Scott Rodriguez. It's your fault Scott.
Starting point is 01:20:09 And he's been shaking for two months. Yes. Scott's a member of happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day.
Starting point is 01:20:22 Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father's day. Happy father I got you. You got fans. You got fans. You definitely was. He used to be a fan of mine, but now since I started talking about Morvis Gay stuff, he's moved by the way. Happy Father's, he's got Tyler as well. Oh yeah. Happy Father's Day. Okay, so let's go to the next story. Let's go to the next story. Let's take the story of Amazon.
Starting point is 01:20:36 I want to know what our friend here Vinnie has to say. So Amazon says it's going to start making prime deliveries by drone later this year in California. Okay, is that a good idea or bad idea? Another insider story. So Amazon packages you receive later this year could be delivered by drone, not a driver, at least if you live in Lockeland, Lockeford, Lockeford, California, customers, there will be seen items available for prime air delivery on Amazon, they'll make purchase as usual and a drone will fly to the designated delivery location, the device will descend into the customer's backyard hover hover and release the package
Starting point is 01:21:09 and fly back again. Amazon says that drones have a sense and avoid system that helps them spot both stationary and moving objects to avoid colliding with people pets, other aircrafts, other obstacles. The drones course correct if they identify obstacles in order to avoid them. And when descending at a customer's home, they make sure the surrounding area is empty for landing. Do you believe that?
Starting point is 01:21:33 I don't trust any of that shit. First of all, like, think about Elon Musk is behind this technology and even his cars have been crashing and doing whatever. But like, can you just imagine the excuses for like, where's my package? I can't like, listen, out of our control, a hawk attacked a shit out of your thing at Phelousam.
Starting point is 01:21:51 I just think about it, I think about it now functioning and falling on people, like, and how big of a package are they saying that they're gonna be sending? You know what? How big is the package? Did they specify my wave? No. You know, just, base balls are they, what are they sending?
Starting point is 01:22:05 But I don't trust it. I mean, I just, if we're 10, 12 years old and you got a BB gun, you're a kid. That's like target practice. The magic of the problems are going to come. What are you going to maneuver like a BB gun? We were like, legit drones. Yeah, what are you saying? I don't think it's, I think I'm being saying.
Starting point is 01:22:22 I like, like, there's enough stuff in the sky, like with airplanes and stuff. It's like, you're, now you're going to have gonna be insane. I like like there's enough stuff in the sky like with airplanes and stuff It's like you're now you're gonna have drones flying around. I scary, bro. I trust. I trust Jeff Bezos. I think he's gonna figure out. I do. Tyler pull up this website. It's relentless.com. That's his website. No, no, this is relentless.com. What do you think's gonna come up? Relentless.com. Boom, goes to Amazon. This guy ain't stopping.
Starting point is 01:22:51 He's figured it out. He'll continue to figure it out. He'll like Elon Musk gets all the headlines. He's dating the, you know, the women, he's doing all the route, you know, but low key. Jeff Bezos. Is that you Adam? You the low key.
Starting point is 01:23:04 You definitely not the low key. Yeah, I'm more just saying, no, definitely not the low key guy. I'm more of the loud mouth guy. Vinnie, you know what it's like, but I think this guy's going to figure it out. I think he's got a long term vision. If I get hit in the head with the fallen package from Amazon, I'm suing the shit. But let me ask you this, how much of this do you think, but if you're listening, I'm curious, I want to hear your commentary. How much of this do you think it's us not wanting to embrace change?
Starting point is 01:23:29 And how much of it is just weird period? No, it's weird. Listen, let me just announce this. Now keep the drones off my lawn. All like, did I ever tell you the story in Brooklyn when Jeremy was butt naked walking through the apartment and the drone? No.
Starting point is 01:23:43 Oh, yeah. Jeremy's at home, like you need to sell all my business. Oh, my mother said that to him. He was like, my mother had an exchange with him once and she was like, oh, I heard about the drone. And he's like, did you see it on the internet? He was so paranoid. His pictures, his nude pictures
Starting point is 01:23:55 are gonna be on the internet. But yeah, they were surveilling my building and they just didn't tell us, they were doing something and it just rose up and Jeremy was but naked. I was like, no, I'm out on drone. All this stuff, I'm out on AI. Interesting. was like no, I'm out on dry all this stuff I'm out on AI. I'm out. I'm out. I don't need it. I will what is it so hard to go get your packages at the front I mean, you know what I'm saying? Why do you have to modernize everything? Why does everything need to look like the driver's are gonna
Starting point is 01:24:20 Be you know there's gonna be less drivers than love you know it all comes down to this Are you a Flintstones girl or you a Jetson's girl You guys know the Flintstones I don't need to fly I don't need to get my car You sound in very food or I Give me some band You all know I would hop into Lorraine Tyler nose and go back to 1985 if I could but no There's some things that just don't need to be modernized. This will be abused.
Starting point is 01:24:47 My answer to you is that this sounds all cool right now. Sounds great. Sounds fun. Reality glasses. You put them on. You're like, oh, there I am in an alternate universe. Give it a minute. It will be abused.
Starting point is 01:24:57 There will be surveillance. This thing will be on when it's not supposed to be on. They're watching us. What is this? Tyler DeLorean. This is just the new DeLorean. Do you have DeLorean Patrick? I do not. Listen, if I had the cash, I'd have to get a DeLorean. If you can figure out, you mean the new ones or the OG ones. If you can figure out, if Patrick
Starting point is 01:25:16 buys a DeLorean back to the future style, I'm going to be so jealous. They're selling this brand. These are real cars. I'll tell you this if you can get a delorean back to the future style I will honestly I don't even know if I'll be able to continue to work here I'll be so jealous. You like it that much. Oh my god. Oh my god And if you can figure out how to take people back and forth in time, that's another level But you want the flex capacitor. You want that thing right here. I want it all 1.21 jiggle I she wants all the topic to Tyler should do this make a note Would you go back in time or would you go forward in time? Because those are, that separates
Starting point is 01:25:47 two different types of people in the population. What would you do? Would you rather go back to the future or go to the future? I'd go back like in history or go to the future. I'd go back and grab the sports all maniac. That's what you would do. That's right. You and Emmett, right?
Starting point is 01:26:01 Now he's making the money. Now I'm making a point. You and Beth. I think I would go back to see great moments, like amazing moments of history that happened That's right. You're an eminent man. Now he's making the mile. I'm making a point. You and Biff. To be honest, I think I would go back to see great moments, like amazing moments of history that happened. And like, you know what I mean? Like that, that mold is very good question, by the way.
Starting point is 01:26:12 Would you give a year? Would you rather go back or go to the someplace? I'll put that pull out. I'd put that pull out. I'd kind of go, I personally put that pull out there. Just to witness amazing moments to see where things are. Because the futures, whatever, it's just going to be like, like she said, like all the meta and all that stuff.
Starting point is 01:26:27 Where are they trying to stay for the future? How about this? Pick a year you want to go to. You go first, Vinnie. We'll go around people here. What? Pick a year. And write it in the chat, by the way.
Starting point is 01:26:35 Would you want to go back to the, you know, in the past, back to the future? Look at me giving up my good show topics. Exactly. Or do you want to go to the future and see what it looks like and give the year that you want to go to? I think this is a great topic. It's a great topic. That's amazing.
Starting point is 01:26:45 I'm in Chanzo. Go ahead. Don't take too long. Just pick your. To be honest, I don't want 1978 when I was born. There you go. That's what I would love to see what was going on and who was around the people and people that was just like, there's another kid or somebody that was like, I love it.
Starting point is 01:26:58 It'd be cute. I like 1992. I like 1992. There was just enough of modernization. I love the 90s. Tyler. Tyler knows of modernization. I love the 90s. Tyler, Tyler knows. Bill Clinton, the president. Listen, I don't need to talk about-
Starting point is 01:27:09 Fresh Prince is the coolest time I've been planting. But you know, there was good comedy. There was fun. Life was fun. It was before all these phones. You had a good time. 90s were good. People who were hanging out in the 90s,
Starting point is 01:27:20 I would pick a different high school, my high school experience sucked. I'd go, I'd wanna go back like as an adult though. I wanna enjoy it as I am now, you know? 90s, I would pick a different high school, my high school experience sucked. I'd go, I'd wanna go back like as an adult though. I wanna enjoy it as I am now, you know? 90s, 90s girl all the way. I don't. I'm going back to 1776. You wanna see what's going down?
Starting point is 01:27:34 The page, yeah. I don't wanna see what's going, I wanna be in that room. I wanna see Trent Franklin. But with all money you have now, right? You wanna bring her hands. Hamilton, I wanna see George, I just wanna see those conversations, the founding fathers of this country, what we are today, those conversations being in the room.
Starting point is 01:27:50 What would you look like with that hero? I don't know. I don't know. I haven't made it. I haven't made it. I haven't made it. I haven't made it. Please pull up.
Starting point is 01:27:58 Okay, you can find it right now. Pull up. Value payment money, Ben Franklin. Please tell me this pops up. Please tell me this pops up the thumbnail as out of the you can't get some of my show i'm gonna need you to be a lot of fire at least please tell me that
Starting point is 01:28:11 that was your two options all they don't have it they put me my face on ben i looked disgusting it was not a good look it didn't work by the way if i said that i could one one figure in american history who I could go kick it with Ben Franklin. Really?
Starting point is 01:28:28 Dude, the guy did everything. You know, he was like 40 years older than all those guys. Then George Washington, James Madison. He was the OG. He was inventing things. He was also a ladies man. He was big-tempered. He was like, Adam, let's go hang out.
Starting point is 01:28:40 You're like, no, we're gonna do it with some girls. He's like, no, I'm gonna fly this kite with some metal on it. Yeah, exactly. I'm gonna start some shit. Pat, what about you? Yeah, we're gonna do it with some girls. He's like, no, I'm gonna fly this kite with some metal on it. Yeah, exactly. I'm gonna start some shit. Pat, what about you? Yeah, P.B. D. where are you? I'm really trying to think. I mean, it would be to meet certain characters, right?
Starting point is 01:28:51 I know your answer, brother. So I wouldn't mind, I mean, you're gonna think, Sha, like I'd wanna go to a certain era with the Sha. Yeah. I would wanna know Alexander, what it was like when he was doing what he was doing. Alexander the great? Oh yeah, I wanna know.
Starting point is 01:29:03 Oh, you're going back thousands. I'd be so curious, you know, what he was doing. I the great. Oh yeah, well you're going back thousands. I'd be so curious, you know what he was doing. I'd be curious to know what it was like, like to be where Jesus is walking, just curious to know what it was like, you know what kind of criticism was it during that season. I'd love to go to 1776 where you're going. Yeah, it would be that because if you go to the future,
Starting point is 01:29:24 let's just say you go a hundred years from now, like 21-22. How crazy is it? Oh my god. Is it filled with drones? Like what is considered sexy? Are people working? What do houses look like? Are there cars?
Starting point is 01:29:37 Is there smartphones? Are there smartphones like the thing of the past? Like no one's using smartphones anymore. You look like TopCon in there. Look at that picture. He looks like he looks like he belongs in Topkin. I'm gonna I'm gonna I'm gonna wait to the danger zone. Look at that face right here. Oh, that's your new tender. I like that. Wow, that's a good look there. I did that for John Stoss. I said I said I respect your mustache. Was it John Stoss? Yeah. Yeah.
Starting point is 01:30:01 Could have been John Stoss. Yeah. I respect that much. But you don't have to scare me that Tyler. We just have this conversation. No one picked the future because we're all a little fearful. We're all a little, if not fearful, just like, good point. I don't know. Who knows? Which tells you, are we going in the right direction here? No, there's too much going on that we don't like
Starting point is 01:30:17 that we're uncomfortable with that we're unsure about. Or we all know that. You or one would have plunged in. We're getting older. Yes. Or maybe we're getting older. That's the thing. I've read a time magazine where the coverage said how,
Starting point is 01:30:31 you know, the next generation, they're such a narcissist. All they want to do is take pictures of themselves and all this stuff. And I'm reading, I'm like, wow. Right, right. And then the writer ends the article in the best way. So if you agreed with everything I said, maybe you're right
Starting point is 01:30:45 or maybe you're just getting old. And then the article just drops. By the way, let's give a shout out to Brian Callink, because he told the story the last time he was on the podcast a few weeks ago, where you were on Vinnie. Yeah. And he wrote this letter, but the kids don't get it these days. They're so entitled. They take things for granted. They're like kids, kids, kids, kids, kids. Signed Socrates. Yeah. It wasn't played over Socrates, whoever it was.
Starting point is 01:31:15 And it's just like, as you get older, you don't get these young kids, don't get it. You know what we should do? We should hit like a man on the street and ask people of all ages around Florida. I'm curious if it is an age thing. I love that. Hit it out and be like, Hey, if you could go it, would you go forward?
Starting point is 01:31:29 Would you go backward? What you pick? Why? I'm curious. I like that. I like that. If it's a generational divide, I like it. Let's do it. I think either Vinny or Adam or any or guys here with Natalia.
Starting point is 01:31:40 I think the younger people would definitely go to the future. Obviously. What if they say no? Can you, how amazing if they say no, then we're like, we're all folks. Natalia would do it. I think the younger people would definitely go to the future. Obviously, but the older people that have lived and you know, how amazing if they say no, then we're like, we're awful. We're all fucked. Yeah, that's hilarious. Like it was only a 16 year old, like, I think I don't want to see I'm scared.
Starting point is 01:31:59 I think it's, you know, we talked about the fear and greed index. The back, going backwards is nostalgic, right? Going forward is uncertainty. So you know what you're getting yourself in the past and you know you're only gonna highlight the good, right? So in the future, you don't know what the hell's gonna happen. Do we have houses?
Starting point is 01:32:18 Yeah, I think we're gonna have houses and smartphones, but we might not have a phone in your hand. You might just... You think we're wearing clothes? You think they're still clothes? Yeah, I think we're wearing clothes? You think they're still clothes? Yeah, I think they're still clothes. You think we're still covering ourselves up. You think people care about that.
Starting point is 01:32:29 You think it's so crazy. I mean, you think like I'm not joking. Because you think like at that point, so many people have campaigned about, walking around new that many people are not wearing clothes and we've accepted it. I know it sounds like a weird, by the way, I know you say it's weird. Dude, look, some of this that we're accepted today in America.
Starting point is 01:32:49 Yeah. Shots crazy 30 years ago, you would have said no way in the freaking world. You think 40 years from now, you're like going to the mall, 50% of walking people, you know, just make it. And you're not even looking at them. Just like, I just don't know that, no, they make it. We're so like, I don't like that at all. I don't like that.
Starting point is 01:33:04 Look at all. I think you like that. Look at all. I think any kind of people are gross. Depending on where you go. South Beach naked. All right. Depending on the girl. By the way, from a party man to party grandpa. Yeah.
Starting point is 01:33:16 That's Adam. I'm called Dan. So look, I think it's a perfect time to bring up a story that a love story. It's a very, very, it's a special moment here. Amber Hurt admits she still loves Johnny. Isn't that, like, it takes me back to like notebook, right? Amber Hurt has admitted that she absolutely still loves
Starting point is 01:33:35 her ex-husband Johnny. They've, yes, absolutely, absolutely. I love him. I love him with all my heart. And I tried the best I could to make a deeply broken relationship work. And I couldn't have no bad feelings or will towards him at all. I know that might be hard to understand or it might be
Starting point is 01:33:51 really easy to understand if you ever loved anyone. However, despite the actress admitting that she still loves her former spouse, she once again, doubled down on her allegations that he physically abused her throughout the relationship, hitting back at the claims that she faked bruising in order to incriminate him, insisting that she would have been accused of lying whether or not she had visible injuries. So what do you think about some of the comments? I feel like she's got to get away and just be quiet and she's just making it worse for herself, right? She's hoping she's going to be nice with stuff like this where he's like, all right, you
Starting point is 01:34:24 don't have to pay me the $8 million or whatever she owes him. Oh he's not he's not a dummy like let me let me take you 100%. Let me tell you let me give you basic math how many years that she's still from him. Six years? Six years. Okay takes take six years. When you're when you're 50 years old and you got 30 more years to live what What's 60 divided by 30? 20%. She took 20% of your life. That's a lot of life. Okay, you think he's gonna give that up for a creative guy like him
Starting point is 01:34:53 that his high is off creating movies and playing characters. That's his escape. That's his art. It's 20% of your life that was stolen from you. So you think that's your pitch though? She's like, hey, I love you. And there's love. I don't know if that was stolen from you. So you think that's your pitch though? She was like, hey, I'm, I love and I love you. And there's love.
Starting point is 01:35:07 I don't know if it was stolen, Pat. He's a big boy. He can make his own decisions. At any point, he could have been like, get out. But he stayed in it. I don't get it. Yeah, that's a good question. Why did he stay in it?
Starting point is 01:35:18 I said, out, bro. Anybody that's gonna talk to relationships. Go have a conversation with Leonardo Caprio and he shows you how you should act no he's a bad boy listen It so at this have you seen how this guy looks he's like one chromosome away from being a girl this guy's a Extremity he's part of the Brad Pitt community. They're just there to they're too pretty right what a terrible Yeah, not these days though. He's a little fat but but but here's here's what you got to say when you're in it days though, he's a little fat, but but but here's here's what you got to say when you're in it
Starting point is 01:35:53 and you left a great marriage and you go into it with somebody like her and your own daughters maybe didn't want this situation. It's a tough place to be. It's a very tough place to be that he went through, but anyways, do you believe like do you believe Amber's doing this to what? to kind of get the media to be nicer to her do you believe it's doing this to what? To kind of get the media to be nicer to her? Do you believe it's a message to her? Or she just playing games again? I think she was so humiliated. I mean, it was so obvious to everyone. I don't know one person left, right, center,
Starting point is 01:36:13 no matter how you feel about me too, movement, believe all women, any of that. I don't know one person that watched her testimony or any of it and believed what she was saying. I mean, it was deeply embarrassing what she did to her. Her name is a full on joke at this point. She did it herself. And she did a full on joke at this point. She did it herself.
Starting point is 01:36:26 And she did a lot to discredit the movement. And she brought this on herself. So I think she's embarrassed, humiliated. She knows full well that everybody with a brain, with any sense of reality, walked away from that and said she lied, she made this up, what a disgrace. I think people who do really believe in the movement, me too, movement, and believe all women,
Starting point is 01:36:46 I don't think you should believe all women on moment one. I think you have to investigate these things in everyone's entitled to get up a proper investigation, but I think she's humiliated and it's like, what do you say at this point? What do you say? Now this is idiocy because everyone's gonna be like, this is your line, you destroyed him publicly,
Starting point is 01:37:04 you brought this up, you lied, you made it into this big thing, you're now humiliated, now you're gonna say, you love the guy, come on, no one's buying this, no one's gonna be like, oh, she loves him, no. Not one person. What happens to her? Like, you know, OJ, what he did, he comes back,
Starting point is 01:37:20 OJ, you know, OJ takes things back. And he does what he does. Took a while though. Took a while. And by the way, Jay. Oh, Jay, yeah, yeah. Oh, Jay, he talks back. Oh, Jay. And he does what he does. Took a while though. Took a while. And by the way, he's not, he's not somebody that is accepted. Like Sasha Baron Cohen did a interview with him. If you've not seen it,
Starting point is 01:37:35 you have to watch it. It's uncomfortable. I'll show you afterwards. It's ridiculous. Yeah. And what he did, it's seriously like what the way he called them out was very weird. So he dressed up like this. Sasha's seriously, like, what the way he called them out was very weird.
Starting point is 01:37:45 So he dressed up like this Italian guy and he brings this drop that gorgeous Italian model in and he's talking to her and Italian, but it's bullshit. He has to speak Italian. And he says, this is OJ, OJ, OJ, Buffalo Billa. You know, he's like, she's like, I don't know. I don't know. He says, OJ. La la la la la. Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, he's like, she's like, I don't know. I don't know. He says, oh, Jay. La la la la la la.
Starting point is 01:38:06 Oh, oh, Jay. Oh, Jay. Oh, Jay. Oh, Jay. Oh, my God. Oh, Jay. And then OJ sitting there's like, what? He's sitting there.
Starting point is 01:38:15 Let me tell you, that's how, that's Sasha Bernan-Corn. That's Boran right there. So anyway, so even OJ making a comeback Sasha, you know, what happens to Amber her? Oh, I mean, she can make a comeback. You think she can make a comeback. Look at everything's possible. Hollywood is a different world.
Starting point is 01:38:33 Yeah, look at their cast. They'll cast it. Not right away though. I think she's gonna have to sit it out for a minute. I think there are people legitimately women in Hollywood who are mad about this because they feel like she did discredit what they were trying to do But they're also gonna be people that give it a minute and they'll rally. They'll be like, oh, this was a ploy
Starting point is 01:38:50 She was taken advantage of they'll go with some stupid talking point. No one else believes Hollywood will resurrect her Just give them a minute. They Americans love that. Yeah, she look at her all the unbattle stuff And now she's do she'll be in a movie in a year or two guaranteed Think about 100% think about the metaphor we're making right now what alleged murderer killing his ex-wife and the other guy shout out to Kato Kaelin and Tom Zener by the way murderer yeah fake domestic abuse not exactly apples let me ask you who would you put on that list? Kevin Spacey?
Starting point is 01:39:26 Would you put that on the list? Zero people are on OJ's list. He's the people on Amber Heard's list. Who else you put on the list? Who's on Mel Gibson in those comments? He made that list. You would have raised it all. He's the most interesting.
Starting point is 01:39:36 Mel Gibson is common, but he was destroyed. Yeah. What happened, Mel Gibson? He was a top five best actor at the time when he was speaking to. Max. Disappeared, right? What are my favorite actors to watch? Mel Gibson. He was a top five best actor at the time when he was speaking to disappeared, right? And one of my favorite actors to watch. The guy was hilarious. And he was a great actor. You know, so I'm a good looking guy. Yeah, very, very good looking guy. Yeah. But who's going to make it come back first? Her or Kevin Spacey? Her. It's in her. She's still
Starting point is 01:40:00 young and relatively hot. It depends on the topic at hand and the appetite, like how upset are people about it? What's the mood of the moment on that topic? You know, if it's something racist, or forget it, I mean, it's done. But if it's something like this, I think she's got a little bit more leeway. And again, Adam, you're right. You can't compare, you know, the OJ story.
Starting point is 01:40:19 But if we're talking about media and Hollywood, that's the conversation. You know, it's not about the severity of what was done. It's about the media's appetite to resurrect stuff. Scott just gave good perspective. Scott H. So who make a comeback first? Her or Jesse Smollett? Let me pronounce the correct.
Starting point is 01:40:35 Jesse Smollett. Her. Her. But because mind you Patrick, very good point. Jesse Smollett, he got released out of prison. You know that right? They released him. Because of mental pressure, panic, anxiety. Jesse, Jesse Smoye, he got released out of prison. You know, they released him because of mental pressure, panic and anxiety.
Starting point is 01:40:50 But he was arrested. He was like, you know, if I, I'm not going to commit suicide, he did all that spiel. And then two days later, they, they got him out. I don't know what I don't know what spiel, spiel, you used them a little spiel. Not spiel. So who, so who do you think will make it come back for
Starting point is 01:41:04 smaller before her? Because there are two, you know, why though I think because there are too many people in positions of power who agreed with him, who propped him up, they're not going to want to admit. They don't want their reputations ruined, so they're going to have to, everyone's going to have to forget about this real fast, so that they can have their reputations reinstated it. Interesting. That's not what I forget who Amber heard when after either.
Starting point is 01:41:25 It wasn't some Joe Shimono buddy. He was Johnny Depp. Johnny Depp is exceptionally beloved by the people. I don't think she can recover from this. 4.6 million people have signed this petition to remove her from Aquaman 2. Wow. That's a lot.
Starting point is 01:41:39 Johnny Depp is done with Disney now. Think about all the phenomena. Just for Disney movies, people loved him as Captain Jack Sparrow, as Charlie in the Chocolate Factory, et cetera, et cetera, et cetera. And Pat, you know what, and going off of Tyler, you know I love Johnny Depp, he would dress up as Jack, like the entire, everything from head to toe
Starting point is 01:41:57 and go to like cancer hospitals. And these kids, or were like, oh my, dude, you want to talk about crying? Watch one of those videos and tell me if you could not cry at the whole thing. It's amazing. He's an amazing guy. Just you know really shitty And he really like if you watch some of the testimony in the trial He just kept it together. He was just cool common collected and she came off crazy By the way, some people may call that acting
Starting point is 01:42:18 World class what she's She's actually sucks that she shouldn't be in movies anyway because she sucks is if she was trying to pull that off Sorry, I love it many people in Hollywood are She's more like, she's got, she sucks. That she shouldn't be in movies anyway, because she sucks as if she was trying to pull that off. Sorry. I love it. Many people in Hollywood are suck, but they're extremely attractive and that helps. So you can be a five as an actor, but 10 as a looks,
Starting point is 01:42:34 and you can have a place in Hollywood and work your way up. So don't forget, we're in the attention economy and she gets eyeballs. I don't think Jesse Smolette gets eyeballs like she does. Think of all the people news people Let me ask you let me ask you would we want to interview her here? 110% okay, can we reach out? Let's make a note. We'll reach out and you know We'll even you know support a charity of her choosing. Yeah, didn't she want to give some money to what do you call it to?
Starting point is 01:43:02 What were the those two? Didn't she want to give some money to what do you call it to what were the those two chairs you want? Yeah, I don't yeah, we'll support will help a portion pledge six million dollars. Well, we'll help with a portion of that Plants, isn't poop in the green room? We'll be fine Don't poop in the No promise. Yeah, no problem. Exactly. All right. Let's go to the next one. So Bitcoin Bitcoin We talked about a little bit, but there's a few things that's going on with Bitcoin and it's like three stories in one One of them is what happened with Bitcoin? It goes to $20,200. Okay, we know that already on how big of a drop. It is nearly 66% drop off. It's an 18-month low of where Bitcoin is at.
Starting point is 01:43:37 El Salvador is down $52 million on the Bitcoin that they bought. Have an investment more than $104 million purchase in Bitcoin for the national treasury. In a ten months since buying it its legal tender, else some of those holdings are now valued at fifty one and a half million dollars. More than fifty percent lost. Bitcoin's price at press time was twenty two thousand four hundred dollars. The president has announced ten purchases of Bitcoin since September of 2021. The country at last checked 2,301 bitcoins
Starting point is 01:44:06 acquired at an average of $45,000. By the way, if you believe in dollar cost average, maybe not a bad time to buy some more Bitcoin. And Coinbase lays off 18% their workforce as executives prepare for recession and crypto winter. Wow. Coinbase is laying off almost a fifth of their workforce, ametic collapse in the stock market and crypto prices. Coinbase has roughly 5,000 full-time employees transitioning, translating to a head count, reduction of around 1100 people. CEO Brian Armstrong pointed to a possible recession and need to manage Coinbase burn rate and increase efficiency. He also said the company grew too quickly. During a bull market Coinbase has
Starting point is 01:44:44 initially said it was pausing, ring two weeks later, the crypto giant announced that it was extending the freeze for the foreseeable future. Earlier, this coinbase said it planned to add 2000 jobs. So think about it. Earlier this year in January, they said they're going to add 2000 jobs in product engineering and design five months later, not only did they freeze that, but they're letting go of 1800 people. How quickly things can change in just five months. Adam, you have friends in the crypto community. When you're talking to your peers,
Starting point is 01:45:13 these are guys that have names that are known within that business. What are they saying? How low they think Bitcoin's gonna go to? 17,000 was the number I heard from our good friend, Leah Halpern, who you met. She's like obsessed with Bitcoin. She's on Fox News all the time.
Starting point is 01:45:30 That's sort of her target. But they have a saying in the Bitcoin community, they call it HODL. You're familiar with this? HODL, you don't know, so I think someone fell asleep and was trying to say hold, buy and hold strategy, and they wrote HODL. So in the Bitcoin community, you talk about hold, so whether you got it in at 5K, or 10K, or 20K, or 60K, you hold,
Starting point is 01:45:52 it's not any different from anyone who invests in the stock market, they say, have a long term strategy, don't be a day trader, be a decade trader, right? Buying hold strategy, and that's how you typically would win. So if you're a holdler, or a decade trader, right? Buying hold strategy and that's how you typically would win. So if you're a hodler or a hotler, you're going to be okay because you believe in Bitcoin. But if you're a day trader, you're trying to get rich quick. You know, you might fly too close to the sun like Icarus and get burned. We've had a common theme on this podcast today and it's personal accountability and patience.
Starting point is 01:46:24 That's been a big thing. And if you're willing to be patient, I'm sure you'll end up fine. If you're freaking out and you're gonna sell, and you know who's actually looking better than ever these days, no shocker here. Warm Buffet. Oh, Peterson.
Starting point is 01:46:36 Peterson because of gold. And he was talking a bunch of trash. Okay, Peterson, would you say that? Would you say that start buying, like if you had the money, Bitcoin is on sale right now. Exactly. Some of the conversations we've had is I think when Bitcoin hit like 50 or 60K where like
Starting point is 01:46:49 is it more likely to go to 100K or zero? Do you want to reassess that now because I don't think that Bitcoin's going to zero. I think Bitcoin's here to stay. But everyone got again so caught up with just get Bitcoin. You're going to rich get Bitcoin. You're going to get rich. Well, I know a lot of people who bought it 60 and they're, you know, what, 80% underwater at this point.
Starting point is 01:47:08 So if you're a hotler and you believe in Bitcoin long term, things will be okay. My takeaway from this podcast today is I need a financial advisor. I mean, what's going on here is way over my head. But you know, people say, I hear people say all the time, all this Bitcoin stuff, this crypto stuff, this is for the rich. This is for people who don't, you can just throw a hundred grand here and you don't worry about it, you don't think about it, you don't care about it, whatever happens happens. What do you say to people who don't have like all that money to spare? They want to get involved. Is it too risky? Just a general question. I know
Starting point is 01:47:38 I sound ridiculous when I ask these questions, but I'm asking for the average person. Well, there's something called the asset allocation, right? And I've been saying, just follow what the big boys do. Follow what the big boys do. They're not putting a hundred percent of their money in freaking Bitcoin, they put 3%, or 5%. Like, you've got some Bitcoin, some crypto, it's probably 1% of your net worth. Give or take, right?
Starting point is 01:47:59 The problem is when you're so obsessed with Bitcoin and you think it's the only thing out there, and all I do is I buy Bitcoin, and I buy more Bitcoin, it's like, how are you paying Brent? How are you buying? That's not saying, I'm looking for people. So like, we talked, you brought up El Salvador, right?
Starting point is 01:48:15 The president, Naib Kelly, right? This country has been like the biggest advocate for buying Bitcoin for the last X amount of years, right Pat? Like this guy the country as itself as far as it's like be loving by the crypto community exactly He's like the guy, you know how much you put in exactly so he bought a hundred one million dollars hundred million and he bought it 60k okay, so at 45k 40 45. Yeah, so they've over 50% loss. Yeah, okay. All right the country's gonna crumble I assume I come no, but let's look at his asset allocation He said right here the El Salvador finance minister Alejandro Zalio said the Bitcoin losses posed extremely minimal risk of the country's fiscal position
Starting point is 01:48:54 Why because he noted that the amount? Futs less than 0.5% of the government budget so they didn't go all in on Bitcoin 5% of the government budget. So they didn't go all in on Bitcoin, 1%. I tell people all the time, you know, you should, if you're young, you should be in probably 80% stocks, maybe 10% bonds, obviously you need to have cash, and then dabble in some more riskier investments.
Starting point is 01:49:18 Listen, anybody who's shocked that this happened to Bitcoin has been tuning out what everyone's been saying. Bitcoin is a volatile asset. It's a risky investment. Don't put all your money in it. So either tuned out the noise or you win all in. I'll give you some feedback here.
Starting point is 01:49:34 My feedback is don't put money in anything you know nothing about. Period. If you want to put money in it, go learn. And don't even just lean on your financial advisor. I've been a financial advisor for 20 plus years. I start off with Morgan Stanley. Don't lean on your financial advisor. The relationship I have with my financial advisor is I'm constantly asking questions. I'm asking, like, I had a question for him yesterday, would strive.
Starting point is 01:49:56 They're about to go public. What's going to happen with Strap public? You know, all these other guys that are going to go public. What's happened to the public market? What are we looking at with rates? You know, crypto, all these other things to learn. But for you, like, hey, Pat, man, you made all this money in cards. I'm gonna go buy some cards, don't, unless if you know about sports and players, okay? Only put the money in things that you know about.
Starting point is 01:50:22 So that's one formula. So then this means, well, what do I want to go learn? If you want to go learn real estate, go learn real estate before you invest into real estate. If you want to go on crypto, go learn before you invest. If it's stock, equity is go learn before you invest. Almost every stock right now is on sale and no one's gonna get a right of what the bottom's going to be.
Starting point is 01:50:44 Nobody ever gets it right. And the bottom's going to be. Nobody ever gets it right and those who do they got lucky because the only way to judge that you fully, fully got it right and you bought it at the bottom is if you can do it three times. No one does it all the way at the bottom. Okay, when the stock market dropped to 6,500 points, you know, in 2008, 2009, if you bought it at whatever the year was, 2009 or or two if those who bought it during that time They got lucky but some people bought at 8,000 some people bought at 10,000 So there's gonna be some luck involved and many are saying the market's gonna be going even further down I think this is just getting warmed up. I'm telling you
Starting point is 01:51:18 I had a guy yesterday that I was consulting but runs a mortgage company does very well on any given month He was making a hundred to two200,000 net last year every month. He bought way too many exotics. He bought way too many crazy cars. And I told him, I said, listen, how much do you have of expenses saved? He says five months. That's a scary thought.
Starting point is 01:51:36 That's only five months, by the way. Very, very scary. And I said, hey, drop your rolls, drop your Lambo, drop the Ferrari, go drive a Nissan Centra, go drive a used Tesla, 40 grand, 50 grand, go drive something very simple right now. Okay, don't get crazy buying more watches. You don't need another $200,000 watch or $100,000 watch or $50,000 watch, right? Like first time I bought Ferric Gamma shoes for $550, I had $250,000 watch or $50,000 watch, right? Like first time I bought ferric gamma shoes for $550.
Starting point is 01:52:06 I had $250,000 in a bank. First time I bought a house that I have $5 million in a bank, I didn't go buy a house. I'm like, no, I'm gonna say. So be a little bit more patient and go and aggressive, but just increase your investments, increase your cash flow and then choose which area you wanna go learn.
Starting point is 01:52:23 It's a very big risk if you're just going to go cross the board. I want to put you know, no, learn a little bit more before you jump in. I say something about that guy right there. I don't mean this like personally. I hope that something bad happens. Because financially, you say, I'm not physically financially, yeah. I'm not even saying that, God, I don't know, Need is no, I'm saying that story. Yeah. You're making millions. And that guy, I don't know, Need is no, I'm saying that story. Yeah. You're making millions. And you've got five months of savings in the bank, but you've got 10 exotic cars.
Starting point is 01:52:50 That doesn't make sense. Okay. But I don't know why, like, what do you, is an ego thing? Is it, I want to show off thing? Is it an executive? Do you have some people? I don't know what it is. It's not, it's not.
Starting point is 01:53:03 It's called over optimism. It's over optimism that this is going to last longer. And it's not. Right. It's not. Listen. I don't know what it is. It's not, it's not. It's called over optimism. It's over optimism that this is gonna last longer. And it's not. It's not.
Starting point is 01:53:09 Listen. What's the book you always talk about? Which one? Only the paranoid, sir. No, the paranoid survivor. He's not paranoid. Yeah, but no, like listen, there is a lot of value in being optimistic and positive,
Starting point is 01:53:20 but you also have to have perspective to know that you can be as positive and optimistic you want, that things are going to recover today and then there's logic and being able to reason. You need a balance of both be positive be optimistic but at the same time do research to have backing of your optimism. So that part is oh I don't think the rates go out to people like you know how much how pissed off realtors are with me right now. How do you people jump? Like, you know how much, how pissed off realtors are with me right now? You know how many of my friends who are real estate and mortgages are DMC? And what was that all about, Pat? What was that market crash video all about?
Starting point is 01:53:49 Why are you, I thought we're friends. I'm like, it's not about it. I thought we're friends, guys. You're gonna go through it. You brace for impact. Stop thinking that just because you made a ton of money the last seven years, because it's been so easy and real estate and loans that this is gonna be like this forever. It's not.
Starting point is 01:54:02 So hopefully you're ready for it. So, and if you, if you were ready for it, you listen to the message great. If you didn't, time to downsize a lot of things and to do it very quickly. Tighten up every time. Very quick. Tighten up.
Starting point is 01:54:18 Yeah, very. Get a little sloppy out there. Very, very quickly. You're guts hanging over your belt. All right, so we are getting to the end of the podcast here. I wanna see if I wanna do one other story before we wrap. Let's do one story. This is a crazy story here.
Starting point is 01:54:31 Soros take over outrage as Miami anti-communism radio. Mambi could be controlled by Obama Clinton staffers. So this story Tyler, this is the one you found, right? Is this, you see the story that we have a You know what no, I want to skip that story. I'm gonna go to this other story I don't want to do that story So this other story I want to do is a is a very big story for a guy like me But I think everybody can pick up something from this story LA approves
Starting point is 01:55:01 unprecedented plan to take over Chinatown apartment building against owners wishes. This is a coin desk story. Let me say this one more time. LA approves unprecedented plan to take over a Chinatown apartment building against the owners wishes. Okay. LA City Council voted Friday to start the process of acquiring an apartment building in Chinatown.
Starting point is 01:55:23 We're low income. Tenants have faced large rent increases. Renters and tenants advocates praised the vote saying their years of organizing have led to a significant step towards preserving affordable rents in their building. For decades the tenants paid rents that were capped to reflect their low income. But the 30-year agreement to keep rents low expired a few years ago,
Starting point is 01:55:43 allowing the owner to raise rent to market rates. Tenants in the building say rents have since increased by as much as 300% the city's ultimate goal is to reinstate the building's affordability covenant for another 55 years. Let me explain to you what just happened here. So this guy made a mistake. What's the mistake? The mistake is 30 years ago he went in bed with the government and He said look this is great You guys gonna bring all the people here. You're gonna pay the rent for me. So section 8 all this up Freaking awesome. Let's do it. He signed 30 years knowing he's gonna be fully decked out because they have to pay the rent to him
Starting point is 01:56:18 30 years later this this building that he owns is now worth $57 million and you know what the government's forcing to buy it for? $46 million. He's losing $11 million. So now somebody may say, oh, cry me a river. That's not the point. The government is forcing him to do something he does not want to do.
Starting point is 01:56:40 He's being cornered and forced. By the way, if he decides to increase rent by 300% What do tenants have the choice to do move leave to a different place? Okay, and he can go from having 50% 100% of place rent it down to what 30% 20% he'll pay the price if he increases the rent right in 2007 2008 Obamacare was being introduced. It was kind of coming out 2000, whatever the year was, it was kind of coming out. And I used to sell health insurance in the early 2000s. The moment Obamacare came out, everybody called and said, hey, Pat, oh my gosh, let me tell you man,
Starting point is 01:57:12 we're blowing it up, I'm just selling affordable care left and right, I'm just like 50 policies, 80 policies, 60, why are you not getting into Obamacare? Why are you not getting into this business? It's like selling like hotcakes. People are just coming because they have to buy. I said, I just, I don't sell products that is, you know, by the government. Because there is no complaints. There's nobody I can call to improve. They don't care about online reputation.
Starting point is 01:57:37 They don't care about anything anyone says about them. What's the 1-800 customer service call for the government? It does not exist. 100 go fucking nothing. Nothing. It doesn't exist. So what this guy learned is it was good for 30 years, but the government finally said, listen, this is ours now. So if this is happening in California and other people get excited about this, oh my gosh, imagine this becoming a business model for the government. So, if you're in a situation that's tight and you're in real estate and you're thinking about teaming up with these guys, you may want to think twice. The reason that I think you wanted to cover this story because it's essentially highlights what you stand for. You get choice or you got force and you're all about choice
Starting point is 01:58:21 options. Hey, you don't like it, you can move great. But when the government forces you to do something, obviously you're familiar with this. You don't like that so much. Of course. Yeah. I mean, it's very rare when you see the government get involved and something gets better. The quality gets better.
Starting point is 01:58:35 The price gets. I mean, what happens, actually, even if the price gets better, like you talk about insurance, everyone said, oh, the costs are going to go down. And I kept saying, what about the quality of care? Does nobody care about that? Is anybody looking at the other healthcare systems where your prices went down? And costs are going to go down. And I kept saying, what about the quality of care? Does nobody care about that? Is anybody looking at the other healthcare systems
Starting point is 01:58:47 where your prices went down and there are lines out the door and those people are fighting like hell to get the United States to come and get their care? So every time the government gets involved, I guarantee you with that building, with any building they get involved, that you're going to see a catastrophe emerge and you're right, who do you complain to?
Starting point is 01:59:00 When you have an owner of a building and you have a problem and you pick up the phone, you call. You have a contact, you have a person that you can, they're not going to be there for you to have questions owner of a building and you have a problem and you pick up the phone, you call. You have a contact, you have a person that you can, they're not gonna be there for you to have questions, not like. Zero, deal with it. There's a no win in that and a big headache. Yeah, that's the common statement when you complain to
Starting point is 01:59:13 somebody that's owned by working with the government. Deal with it. Yeah, great. That's right. What do they say that you've got three options. You can only pick two, quality, price, or time, right? Like how long it takes to make something, so you can only pick two. All right, so look, this was a great show. I enjoyed it a lot. Two hours, but like five minutes, if you enjoyed it,
Starting point is 01:59:34 give us a thumbs up and subscribe to the channel and Jedadaya, your next show is when. When is your Monday? One PM Eastern time. We're coming in hot. We always come in hot. Coming in hot. We're coming in live. We always come in live. Monday, one PM Eastern Standard time we're coming in hot. We always come in hot. Coming in hot. We're coming in live. We always come in live. Monday, one PM Eastern standard time, you can find or on Jetta Diabella live on YouTube. Let's put the link below as well in the chat box in the description.
Starting point is 01:59:54 However, today we got an announcement. Few years ago, I was sitting there and my whole concept of value taming is, I think you can inject value, but you got to entertain people because the last 20 years, everywhere I've ran my sales team, it had to have laughter, humor, pranks, jokes. If you work with me in any of the offices, you know that's part of our MO. We have to do that. We're famous on pranks, we're famous on doing jokes. I've been doing this since I was a kid and a family of a bunch of pranksters. And I saw a few years ago where I'm sitting and watching SNL
Starting point is 02:00:26 and I said, SNL was only making fun of one side. They're not making fun of all the sides. I think there's an opportunity for SNL. So we started talking about it in Dallas and then we started teaming up with, we brought Adam and we started working together with Adam for a meeting. We're talking about all this stuff saying,
Starting point is 02:00:40 hey, what would this looks like? I brought it up to Tom. What if we take this route? And the next thing you know came to a point that we came out here, Vinnie, you reached out on Instagram. Yup, and randomly, is randomly, and I saw you and I saw that David and we're both a Syrian.
Starting point is 02:00:54 And I was like, Shlamu, look how's it going? And I'm not, I'm not BSing, within an hour or he's back to me. And I'm like, oh shit, my friends and family, like dude Patrick, but David. And I was like, yeah, just, we're talking. And then I Patrick, but David, and I was like, yeah, just we're talking. And then I remember I was in Glendale,
Starting point is 02:01:06 we're randomly going to the mall and calls me. I'm like in the car and like, Pat, what's up? And he's like, that's a majority in our language. And he's like, what are you doing? And I'm like, I'm in the lane. He's like, no, what are you doing? What do you want? And I said something like that.
Starting point is 02:01:22 He's like, are you willing to move to Florida? And I sort of got to go, yup. And in a matter of months, I packed my shit. I mean, I love California. And then I just came here. And I was, I love it. So, so we're very excited about it because in the Assyrian community,
Starting point is 02:01:41 Vinnie is like God and the common everybody when the name Vinnie's love and you done a lot of stuff in the past with Kevin Hart, you don't, you don't stuff with Wayne. I was on Death Comedy Jam. You definitely did. I'm Death Comedy Jam, thank you all that. Yeah, and we went the other day and we watched you perform,
Starting point is 02:01:57 you know, this was where this was in. We're in the air, we're in the air, we're in the air. Yeah, freaking out. Anyway, so having said that, we're excited to introduce the latest talent to the value team and team. Vinnie, Oshana, my brother is officially part of the team. We're excited about this.
Starting point is 02:02:13 It's a big deal. And we are launching value team and comedy. It's the law. And this is going to be the beginning of us, by the way, if you're a comedian and you like the value team of brand, you like what we're doing. Reach out to us. DMS were extremely aggressive right now by bringing comedians to the team But we you know, he's got some shows he's gonna be doing one of them maybe call where's Vinny now
Starting point is 02:02:32 Some of them maybe call out of different things, but you're gonna see you're gonna see different We got some exciting stuff lined up. I'm gonna be I'm not warning guys, but it's a comedy channel I'm gonna be funny. I'm gonna be by myself. I mind you. This is who I am as a person. I like to push the envelope and I like to be out there. The Chappelle show push envelopes and this stuff like that. I want to do the same thing and just, you know, can we can we see the camera sheet intro? Let's show how amazing guys this I came I'm not I'm not a corporate guy. I've never had an office nine to five. I'm here every day. These guys the the quality of love that these people show, you've seen it, it's out of this world. The parking spot, we, you know, we've never done that for anybody.
Starting point is 02:03:10 Who the hell get, dude, I've been at first perspective. Do we ever give you a parking space? I don't have a car. I got a fucking parking spot, and guys, I'm telling you right now, like I said, this never happened. Should we show them the parking spot? Can you play this place? Let's play this place.
Starting point is 02:03:22 Tell me you don't want to work for this place. My name is Vincent Loshana. I'm a stand-up comedian slash actor and the newest member of Value Tame. Today I'm going to show you what a day my life is like working here. Let's go! Let's go! Pulling into the office right now. I've never had my own parking spot, but here at Value Entertainment, they really know how to treat their employees. There we go. And I get it, I could see how some people would complain about the distance of the spot
Starting point is 02:03:59 for the building, but I think that says, you know, a lot about this company and that it's health conscious. Good morning! Hey, hey! What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here?
Starting point is 02:04:11 What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here?
Starting point is 02:04:19 What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What the heck is going on here? What's wrong with a little haze in a mong cold workers? I think it feels character. We gotta see the rest to see it. Go to the attainment comedy, put the link below so people can see that.
Starting point is 02:04:41 It's a four minute clip. There's a surprise in the middle and the end for you. So again, you're gonna see a lot of different things. We're gonna do some live stuff. We're gonna do some new shows. We're gonna be collaborations. And who knows? You may see the whole office doing some different skits. I mean, they're amazing.
Starting point is 02:04:59 Yeah. The none of them was actors, but everywhere is down to the beginning. It's gonna be great. The future looks bright. No question about it. So go my attainment comedy subscribe put the link below to see the rest of it And you will see many other things coming soon here with Vinyo Shana Vinny brother. It's great to have you here Awesome. Love you to bro
Starting point is 02:05:17 He's gonna take out our comedic juice You guys gonna see Adam and some you might even see a cameo of Patrick and some of this is one of my favorite part. This is the team. This is the second time. I love the format of us doing interviews and going through different topics. I love that because I'm more interested in what you have to say than what I have to say. So that's why I love doing the interview style. But I think we got to get to a point.
Starting point is 02:05:43 The schedule doesn't permit. You know what I'm, you know. But we're gonna get to a point that we can do one or two of these every week where we can just talk like amongst a group with current events. I think the audience really likes that. And we're gonna do our best to bring that for you as well.
Starting point is 02:05:56 There's some that love the interview format. They don't like this format. There's some that like this format, not the interview format, but regardless, we're gonna do our best to do. It's called the Versafic case. I don't know about that. I. I will see you guys a lot. That would be sick. Just you guys live podcasts.
Starting point is 02:06:08 I'd be dope. We would do a live. Who knows? We have somethings coming soon. Okay. Somethings coming soon. Stay tuned. Somethings coming soon.
Starting point is 02:06:17 Anyways, let me say this. Congrats, Adjada Daya. Congrats, you did your first full week this this week. You crushed it. Three shows. Congrats to Vinny. Thank you. I'm love you, but thank you. Congrats to the past make a hero saving Jimbo's life. Are we not are we not are you not setting up something podcast with Jettadaya fresh You don't you we're gonna wait we're gonna you guys some stuff Anyways, hey have a great weekend
Starting point is 02:06:40 Happy Fathers they told the great fathers out there. God watch it, Adai's show Monday, 1 PM Eastern Standard Time and go to the item and comedy to check out our video Shana's full clip and you've got a lot of crazy stuff coming up next week here with Adam as well. Take care everybody, have a great weekend, bye bye bye bye bye.

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