PBD Podcast - People Aren't Having Enough Babies | PBD Podcast | EP 66

Episode Date: June 3, 2021

In Episode 66 of the PBD Podcast Patrick Bet-David, Tom Zenner, and, Gerard Michaels sit down to talk about topics such as China allowing couples to have three children to reverse shirking birth rates, Amazon backs marijuana legalization, Trump blog page shuts down, and much more! Watch the full podcast here: https://youtu.be/xtXZaX2bUvY --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

All right, we are live episode 66. This is a first Tom Zener and Gerard on the podcast together today. We haven't done this together, right? You and, okay. You're gonna automatically tell me I'm wrong by looking over in this direction. Oh, because,

sorry Adam, because it's a little awkward sitting over there so the sitting here. A little different. Yeah, okay, so look, we got a lot of things to cover here. One thing we have to cover is the following, folks, if you're one of those that just got an early,

I got a question for you. Gerard yesterday told me how much you bench presses. I said, you gotta be kidding. He says, no, Pat, that's how much I bench press. He said, come on, he says, Pat, I bench press. So I said, Chi, Chi, why don't you guys go and see, and Gerard's like, I'm up, They went to the gym and they bench press. I want to see if you can guess.

Do you actually know the answer? I do not know the answer. What do you think you bench press yesterday at the gym? If you were impressed, I'm going to say 325. That's a lot by the way. Are we talking one rep? One rep? Yeah, one rep.

325 is still a lot. If you're throwing the weight around on a regular basis, I think you look like you could do that. I'm gonna give you a 325 Okay, sounds good. Okay. I wait in at 309 you wait in at 309 So you're down from a good that's great man. There you go Okay, so this Florida thing is good for you Okay, so if you're watching this I'm curious. What do you think you bench press yesterday number two? We got a lot of other stories but There's a disappointing story that came up that I think we have to start off with and I hope it doesn't break Okay, so if you're watching this I'm curious. What do you think you bench press yesterday number two? We got a lot of other stories, but

There's a disappointing story that came out that I think we have to start off with and I hope it doesn't break your heart I hope you guys can emotionally handle this one here, especially folks out there that are Struggling with a lot of challenges that they're going through Stats came out yesterday, okay? That a name That was named in 1965, 33,000 kids were named Karen, last year only 325, heartbreaking. Are you disappointed about that?

My godmother's name. Can you please pull that up? My godmother's name. Karen Varyeli. Get it. Swear. Karen Varyeli. I mean, she's news. Go type and, you know go actually go go to go type in just go on Google and type in Karen name popularity

Name popular look at the stats here, man. It's it's you you have a seat right there. Just go down to come up Just type in popularity not the graph. Just any article any article guy go to any article there you go look at this go to Any article guy go to any article there you go look at this go to MZ go for name-care popularity plummets from 32,000 to 325 Baba Baba number 668 31 325 care and versus 33,000 by the way go to the other website. I gave you go to the other website I gave you so I looked up our names, okay? I looked up our names go to It's crazy if you go to Jennifer go all the way down on popularity call the way down on popularity Jennifer was number one for an entire decade

Go all the way down. Go all the way Jennifer always tells me about this look at this from 1970 baby if you're watching this till 1984 Jennifer was the number one name in America. What happened to me? I've no idea what happened. So that's like millions, right? I mean, every year. That's like every, yeah, Jennifer, Jennifer, Jennifer, Jennifer,

go to Gerard, look what Gerard looks like. I studied all your now. I've been investing in it. I can't wait for my job though. I can't wait. Okay, do Gerard, let's look up Gerard, go popularity. If you go down, look at that. Look at that. If that was a stock, that's not a good stock.

But by the way, all of our stocks look like that. Go down, this is what it looks like. Gerard's not in the ranked. Not in the last few years, but Gerard's peak was keep going down, keep going down, keep going down. Okay, you got to go up. There was a 179. You racked one, keep going up.

There was 179 ranking. 177 at the time. In when way 54 my father 1958. Look at that was born in 58. Yeah, you're right. There you go. Okay, it was 191 now type in Thomas. Thomas, here we go.

A very rare name. Yeah, it's not a standout in my family. It's the rarest name in my are you doubting Thomas go down. Go look at look at the look at- Look at the stock at the top, we go back up to the- Look at the trend! Look at the trend!

Look from 1880. Okay, obviously, but is that Rose Vault where everybody's naming their kids, well that's Teddy. Then it goes 1950 or peaking, then go all the way down, look at the list of the ranking, look at this. Wow.

But you've been in the top 50 for quite some time. Top 10. Extremely competitive name for a long time. Now go to Patrick. Go to Patrick. Go to Patrick. Let's check this out. Kai, you may want to test yourself out as well on America, although it's probably a higher ranking in different places.

Look at Patrick. We peaked. I wonder what happened. In the 70s and 60s, we peaked major drop off. We got some work to do. Right now it's ranked 205. Goal or? Goal or? In the 70s and 60s, we picked major drop off. We got some work to do. Right now it's ranked 205, goleur, goleur. The highest we got to was in the 30s, 30, 30s, and then boom, dropped off.

Now is this percentage based or is this just bringing? So which name was given the most during that year? Well, we just not have kids anymore. Our generation does not have kids. That would be actually a great segue into what China just announced. I don't know if you heard about what China just announced. I think that's the story we gotta go to page nine. China will allow, moving forward, folks,

China will allow couples to have three children in a major policy shift designed to reverse shrinking birth rates. This is business inside your story. China said on Monday that American couples may have up to three children, major policy shift from the existing limit of two. After recent data showed a dramatic decline in births

in the world's most populous country, Beijing, scrap that's decade old, one child policy in 2016, replacing it with two child, limit that failed to trigger sustained surge in births. Experts say the main barrier to have children in China is the high cost of raising kids and a poll. The waybo account of the official state run press agency asking, are you ready for the

three child policy? About 29,000 of the 31,000 respondents said they would never think of it while the remainder would choose among the options. I'm ready and very eager to do so. It's on my agenda, I'm hesitating, and there's a lot to consider. The poll was later removed. Fines of $20,000 were given and posed on people

for having a third child as late of last year. $20,440 if you ever had a third child. This just shows the nerve of the Chinese government. I mean, doesn't it inspire you? But doesn't it inspire you? I just want to move to China. Oh my God. The Chinese dream.

Because you don't have to think. They'll just tell you what to do at every step of the way. You know, it isn't issue. You know, they're declining birth rate. I mean, if the Chinese government is this interested in it, they are worried about it. But, you know, when you research this story, you realize these young people don't want to have kids.

It's way too damn expensive in China. And they're serious about that. And you know what else they don't want to do? They don't want to work as many hours as they used to. That 996 thing that was popular in China with Jack Ma and everything, they don't feel like there's any payoff to that anymore. If you got in the beginning of the tech industry

and you could really cash in on that, they were all in. But they're pushing back on that. They're definitely pushing back on the kids. I think a lot of them don't even want to have one. They don't have time to raise one child. So it's nice to see the noncompliance of the Chinese people and just tell them to shove it. Well, it's not an issue that's endemic to China either.

I mean, that's an issue for the communist in Brooklyn and Los Angeles as well. It just goes to, for me, to show how little regard for humanity, the baseline of humanity that communists really have. They see everything as a spreadsheet, they see everything as a number. It scares me a little bit, the China wants to ramp up its population because I think they're prepping for war and they want to have, they want to

have some more people ready to storm the shores, if you will. But yeah, the concept, by the way, of the one child. We don't talk about in our country enough. And again, we talked about this the last time it was on with LeBron James and John Cena and all of our repentant rich who carry water for the CCP every chance that they get. And this is what they do. This is what they're co-signing on. What they're co-signing on is social engineering. What they're co-signing on is cultural homogeneity. And it's an embarrassing thing for us as a society to say, well I want to have a really popular movie. So I guess it's okay that this woman had a second child and they

put the baby in a basket down the river because they didn't want to find. Like, I mean, it's insane. Well, the cool thing is Dr. Fauci's gonna help them out. He's like, whatever you guys need, I'm behind you, 100%. We'll support this, five kids, I'm there. Well, let me tell you one thing that this makes me think about.

Here's what it makes me think about. You know what's the one country that's got the youngest population in the world? What do you think is the one country? India. India, 54% of India's population is below 25 years old. Let me say this one more time. 54%?

Time that's a big number. That's you. 54% is, you know how we have the baby boom, then we have the millennials, the Gen X, whatever, all these big boom, 76 million baby boomers, 78 million and all these things. You talk about 54% of below 25 years old. Who do you think they're thinking about? What do you think China's thinking about? China's sitting there saying,

wait a minute, we've had the biggest population for a long time, India's about to pass them up. That's number one. That's gonna happen next decade or so when India passes them up in population. Maybe it's gonna take a couple of decades, but they're gonna pass them out the way they're going. And they're sitting there saying,

if those guys have a younger audience, younger talent pool, that means innovation's gonna be higher. Creativity's gonna be higher. The. That means innovation is gonna be higher. Creativity is gonna be higher. The energy torlaster is gonna be higher. Stamina is gonna be higher. Competition. The willingness to compete is gonna be higher. Cost of labor lower.

Everything is going to be higher for India that gives them an edge. I don't know if they're sitting there in a room and they're saying, well, let's do this because folks wanna have more kids. Let's just be noble and let's let people have what they want. I don't think that's the cause of it. Isn't that a problem, though?

Have we gone, I mean, I don't want to take up the reins as the progressive here at the table. But haven't we gone too far where we're starting to talk about the cost of raising a child outside of the benefit, like how much it costs, like our entire job as humans is to move this thing forward. Well, truth, but if you have kids, you're reminded of how expensive they are every average person. I mean, he told me yesterday what his kids,

when he pays a go to his kids for school, and I was like, it's not the, I mean, it's not, I mean, it's not average to do this. I mean, the decision's not money,

but you can't help but think about it. But then it's idiocracy. Then it just then idiocracy goes from a movie to a documentary, then you just have dumb poor people have more kids. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that.

I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that.

I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm not going to do that. I'm realize, okay, I think I might be done now, right? Because I know the cost of the kids,

it doesn't affect how you raise them or how you feel about nothing like that. But I mean, you do see, there's a lot of money to raise kids, and it's even more in China. $4.00 million per from zero to eight, and that, and that, and that, and I'd say a lot of cases, it's a lot of,

and that's after some, a quarter million. Okay, let me play devil's advocate. You're working anyway, you're earning anyway. What else would you spend the money on that would be more beneficial to you and society than raising a kid that has your core values and I don't think that's the art of having kids.

I don't think that's, I will tell you though, I'll tell you the opposite side. I also think there are some families that ought to not have as many kids as they have. I also think the current tax system unfortunately influences some people to have a lot of kids and take the benefits and the welfare and the payments that are being sent from the government because if you have nine kids you're making 400 per and you're getting you know all these other benefits that comes

with it. That's a salary to you that's being paid out. So the tax system kind of favors people having a lot of kids. I'm not for let's go have a lot of kids. I'm not for let's go have a lot of kids. I'm not for let's not have have have any kids. I'm for hey, you think you can afford to be kids. Go out about works for you. You don't want to have any friends that say I have a friend. I have a very we were born a month apart me and this other friend of mine. Okay. We're born a month apart. Him and his wife and his parents are convinced the worst thing they can do is have kids right now. Well, he's lucky. He married her then because they have the same belief. Both of them don't want to have any kids. He's in his early 40s like me. She's in an

interesting age. And he hasn't flipped at all. And the grandparents are like meaning their parents have no influence to say, Hey, you got to have and they're middle eastern. It's like you would at least say and his parents only had one kid. It's a once I saw. They're not in the mindset of, I know a lot of people today that don't want to have kids. But I think if you have the money and you want to be able to, you know, leave a legacy beyond, I think you ought to have as many kids as you can. This should be a meme. This should be a meme for how expensive kids are. I was watching Shark Tank one time and this guy walks into the tank, right, with all that vigor and excitement that he comes to the door. He's fired up. He's ready

to give his pitch. Tells the sharks. He's got eight kids, eight kids, right, with all that vigor and excitement that came through the door. He's fired up. He's ready to give his pitch. Tells the sharks he's got eight kids, eight kids, right? So he does the thing. He's trying to get the investment. Shut out by everybody. Walks out. No money.

You should've seen the walk of shame as he left that room, known. I got eight kids and I didn't get that investment. I'm screwed. He says that. No, you just get really happy. He just sent it. The other point with India too though, if you have 54% of the country, that is under 25. Think of the tax revenue from this generation,

they're gonna be able to build themselves up a lot quicker. I, listen, I am so excited about India. This is the, I've never, I went to India, you know the story, two, three years ago, we went to India, we went to Mumbai, and I spoke at IIT with the chairwoman of a state bank of India, you know, 240,000 employees. The desire to want to learn about business and entrepreneurship is insane.

You know how I finished my message when I spoke in India? Here's my message. I actually got to watch what I said at the end. My last 10 minutes was the following. Here's what I said. I said, listen, students, because there's politicians in the room, there's billionaires in the room, there's government employees in the room there's billionaires under one there's uh... government employees and i said this is my biggest recommendation to you india

right now you're hungry right now you want to be like a america you want to compete against america china i said the next decade or two you're gonna make so much money your country's gonna become so rich they're gonna be able to create some of the most incredible inventions that the world's gonna use and then they're gonna be able to create some of the most incredible inventions that the world's gonna use.

And then, they're gonna try to raise taxes. Don't vote for it. They're going to, I'm telling you, do not vote for raising taxes. I'm telling you it's coming. Just say no. And everybody starts laughing and you see the politicians go like this. And I said, thank you so much for my time. You know, your time.

You know, when you describe India sounds to me a lot, there seems to be a lot of parallels, or at least you believe there to be a lot of parallels to India and post-war Japan. You figured they're about to go through a phase of industrialization that's gonna bring them out of the third world and into the fortune. Even more I believe, even more I believe.

You know, by the way, in Japan right now is the country with the most, their ratio today in India, it's a scare, they're number one about everybody, okay? Then they've less than 10% of the population of India too. It's a scary thought what's going on, but you got an innovation, auto, so many different industries. The 70s, 90s, absolutely. They came in US and they were one of the best things that happened.

And they raised taxes. And they raised taxes. So the thing with India, here's the thing with India. In business, when I left Bali, total fitness, and I went to Bali's, and my boss Robbie told me, if you do XYZ, you're going to be able to leave chance worth, the gym I didn't want to be in, and you're going to be able to go to Hollywood and be the weekend manager. I said, who do I have to be? He said Edwin Gera. I beat Edwin Gera in a smaller club. He said, who do I have to be? He said, Edwin Gera.

I beat Edwin Gera in a smaller club. He said, if you beat him, you got the job. And sales? In sales. I beat Edwin Gera. I was ranked number eight. Edwin was number 10. He comes and says, I have to have a meeting with you.

I'm like, I know what he's meeting with. So I'm dressed up nice. I got my crease back in the days. I would crease my own shirts. I would crease everything. So I'm coming in. I'm like, Robby's here coming. Meet me. He me, he's gonna give me the goodness of Patrick, let's go send him back. Hey, buddy, just won't tell you. Cray job last month, phenomenal job. I'm

so proud of you. The way you're going right now, one, do you're gonna be a supervisor at Bally's? But I need you to stay here because no one's been able to turn this club around more than you and we need you here. And I said, I said, I'm sorry, I'm sorry, you told me to be dead when you're here. I said, did you see the leaders bulletin? Let me show you. I show you. I go like this. This is not, I've seen it already.

I said, that's my job. He says, look, he's been here and I'm giving a job to him. He said, wait a minute, wait, what? I'm giving a job to him. He gives the job to him. I said, why to him? He says, 10 years. He's been here with us for six years.

You've been here for us, with us nine months. You know what I said? I said, I quit. That moment, I quit. I can't quit. I'm like say that quit. That moment I quit. I can't quit. I'm like, I need to just jump. I quit. Don't leave jobs.

They leave boss. Here's what's crazy. Robbie helped me get very good in sales and is actually a very good guy, but that decision where they came from him or from a guy above him, it is what it is. Here's the point I'm trying to make. The point I'm trying to make is

ballies equals India today. India needs some laws. India needs some strong law schools. India needs to have some, what do you call it? Some level of confidence to give, where a smaller person who's coming up to be able to compete, they can't be bullied by the big guy. There's still a lot of corruption going on in India.

If you ask the small entrepreneur that's coming up, what their biggest fear is, is a level of corruption taking place there. If they can fix that, where there's trust in the system and I can compete fairly, and if I lose, I lose, then there's gonna be some good innovation taking place. Now what's the plan there?

Because this sounds almost exactly what China has in mind for Africa, especially South Africa. So, yes, what's the youngest country in the world? Top 10 youngest countries in the world. I'm gonna say South Africa. It's all Africa. Really? Top 10.

So look what China's doing. China's going over the lesson. Go on that money. We need to compete on that continent in ways that we are not competing. That Silk Road is gonna change the ranking game. Yeah, is that because of the mortality in Africa, people die older, are younger.

So then the people are younger. People die old are younger. So then the people are younger. There's a whole people. Good point. Anyway, hey, the thing that scares me a little bit about India though is the level of poverty kind of festering before an opportunity for socialism to come in. They're in a different system. Yeah, so that's what scares me because there are really is a huge discrepancy in that

country. But I'm surprised they haven't evolved a little bit more athletically in sports, haven't become a little bit more of a world power. With that type of population, we're just telling them. Cricket, cricket is so bad. In American sports, they're not good, but in, uh, well, that, in eastern sports, they do pretty well. They do pretty well with cricket.

It just hasn't been a priority. Well, we'll see what's gonna happen here. All I know is folks in China are probably making babies right now. What's that guy? The Barry bonds of India, he's gonna be so mad. He's definitely listening to this. Sanji Veer, the guy hits like nine home runs. What do they call them?

They don't call them home runs over there. They call them like, oh, cricket. I don't know. They call them, oh, outs. I think they call them outs. Yeah, cricket, if you, I played baseball, cricket's ridiculous. And so what's the longest home run you ever hit?

Ah, like 540 feet. 540 feet. 540 feet. 540, that's Mickey Mantle. Yeah, yeah. Wow. What level? We're in the- Play the AA.

OK. I was a one tool guy. I can run a little fast while every now and then do some damage with it. Yeah, that was pretty much it. Yeah, by the way, if you see a swing, yeah, actually I had a real nice swing. Yeah, he's got a real nice swing.

I would imagine you could jack a lot. Why don't we pull up the bench press? Why don't you pull up the bench press video Why don't you pull up the bench press video if you got it? Okay, so before we look at this, folks, what do you think this man bench press? What do you think this bench press yesterday? I want you to comment below.

What do you think our friend here, Gerard, Michaels bench press last night, comment below. While you're doing that, Tom, you said 325, right? Is that what I said? I said you guys on the answer or no you know what you bench? No, you know what you bench or no you have a night. What do you think you bench last night? I'll do 400 oh you're gonna go 400 so you think you had fun. That's a big number by the way Thank you. Do you know the answer or no? Hi Kai. Once you pull up the video By the way, we both work the 12 hour day yesterday

Kai, you're not want to come to the gym at all. 345s. Those are 445 points. That's that's actually where you got to know those are bigger than so you're looking at is that the 515? That's 405. That's 405. Okay, let's take a look at 405. Go ahead. Let's take a look at 405. I'm used to being a big guy by the way, this red con one, I might have been one of the smallest people in the game. Look at this place. Look how he picks it up. No spacer. Oh my god, you're doing it for reps.

405, that's three, four, four times. So that's not max. That's a warm up. That's a warm up. Four times, right? He benched four plates. Okay, it's 405. Now, we can't listen to the audio because they're playing music for, uh, uh, keep going. Look at how jack the guys are in the back.

Hey, how are you never in office of Garden football? I was, I was a linebacker. Five fifteen here. Five fifteen here. Five twenty five, twenty five. Five twenty five. Check this out. Five twenty five. You ready? Five twenty five. Nice short spud. I don't count anyone with a spotter. Yeah, it's a good one. Bam, go, go, go, go, oh my gosh, 525. Are you kidding me? You picked up 525 pounds.

That's impressive. Even if the spot was, say, 20 pounds of spot. He definitely got his hands on his body. I was worried he could curl 75 pounds 85 pounds 90 You could and I did a you know barbell did 205 you did 90 how many times once this one. Yeah, let's see how that's 90 That's impressive. I can do the perfect push up That's that's impressive man. Just don't ask me to run a mile, you know I'll be there you go. Okay, so 515 pounds 500 plus pounds

Bench press that's pretty impressive. It's hard to believe that you're looking at peak physical performance there, is what, I mean, this is, it, you know, people think like, you know, models and the rock knots, this is the Mark Henry physique is what we're going for.

This is, this is Wake Boy Summer, is what we're going for here. Oh, no, no, no. The, your clothes, your dress att Oh, no, no, no. You're closed, you're dressed a tire. It's just very unique. Did it change matter to you? Did the number that you had been to? I had long arms.

So for me, it's a long arms. It's, but you know, max I did was 385, and when I was benching. 385 at 6'4 is really good. 385 at 6'4. 300 was that magic number for me. If you could just get it over 300, yeah, 305, I got one.. I longed. I longed. 300 was that magic number for me. If you could just get it over 300, yeah.

The real five, I got one. No, I could do two place 25 times. I could do it too. Like, you know how you go to a combined, you know. The NFL combined, that's what they do. That's how they measure you. Yeah, I could do two place 25 times. I could do pull ups, you know, 40 times on my peak.

40 times on a pull up. That's what I could do. Yeah, the body weight exercises are the best. If you could do that. So, but again, props to Gerard 500 and 25. And how about the pre-dutch on 400 back there? Strong? Respect.

You win. By the way, if we're playing, what's the game? We'll all, not we'll all forge in. If we're playing, uh, prices right. Prices right, you win. You win. You win the prize. Congratulations.

Congratulations. Congratulations. New camper. Yes. Okay. All right, so let's go to folks if you're listening to this. We're still doing the Super Chat 10x bonus, which means whatever you put, if it's a good comment, question that we use,

I may even get some collars in, if you got some strong opinions about something and you're an expert in it, we had a couple of people that are cops in Chicago send me a message telling me they want to get on to give us some feedback about what Chicago is really like, but that person is on a flight right now, to Hawaii for vacation with his family.

Anybody that puts a Super Chat, we pick you, say you say put $10 we're gonna give you 10 times back. Well it's $100. It's something that gives you 10 bucks you give them $100. I give $100. Pay people we pay people super chats. You put we we gave a couple thousand on a couple episodes ago so folks that's the super chat. Question comments we can't see everybody but if you put a super chat, we're taking a little bit of that.

I got to get a bot going and ask questions. Yes. Okay, let's get into it. So, stories. Trump is telling people he thinks he'll be reinstated as president in August. Okay, page five, let's start off with a soft story. Nothing to do with it. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, Oh boy. It's a business inside the store. Oh cool, cool. Just a little cool. He's just a cool.

I, Trump is telling people he thinks he'll be reinstated as president in August. Business inside his story. Trump has been telling people things at the time of the White House as a sitting president by August. The New York Times report of Maggie Haberman tweeted on Tuesday, Haberman, who broke some of the biggest stories of the Trump administration and has been covering him for decades. Added that Trump has been laser focused on election audits and states where results he is still trying to overturn. The anti-democratic conspiracy theory has been bubbling up in the French conservative media

for several months. It has no basis under the Constitution or any legitimate legal framework. My Pelosi or Mike Lindell has been a prominent proponent of the theory. The former Trump attorney sitting pal also floated the idea at a QAnon conference, which is also called the Gateway Pundit conference over the weekend, thoughts. Oh, man, I gotta tell you, well, I hope he's right. But on the other hand, man, I think they stole it

fair and square at some point. You just have to, you've got to learn. And they know what they did. They are slow rolling out their excuses. They've now started using the term fortifying the election. They didn't steal the election. They fortify the election, right? And you have that New York Times, I'm sorry, was a Time Magazine article that detailed

step by step how they did it and what they did and when I say they this is not just the Democrats by the way this is the cheney republicans the bush faction the neocons the quote unquote swamp all the war hawks that wanted us and and again it tells you everything you need to know about why Biden was put in power by the powers that be that after a year and a half of holding the country political hostage before they gave a single stimulus check to any American, they gave $250 million to Raytheon to start dropping bombs on Syria. It tells you all you need to know about what Washington prioritizes and what they don't.

And Trump wasn't giving them their blood money. Trump wasn't sending people overseas to die and they didn't like that. So they got rid of them and they did it legally though. See, they did steal the election, but they did it legally. They did it. It may be corrupt, but it was legally corrupt. What they did in Georgia, what they did in Pennsylvania, they changed the election laws specifically to allow them to cheat. If anything, I blame Republicans for not being willing to play in the mud, right? If the Democrat dead can vote,

why can't the Republican dead vote? You have to do what you have to do to win. I'm so sick and tired of Republicans starting out. You really believe that's what happens. Absolutely. If I'm so sick and freaking tired of Republicans wanting to be like, well, we did things the right way. We were noble. No, you lost.

At some point, if you keep losing, you're not noble, you're a sucker. You know what I'm saying? Like, if they keep changing the rules and you keep playing by their rules that they don't even play by, you're not noble, you're a sucker. Well, here's the question.

Are they gonna be able to adapt if that's the different game plan now? That's where we're gonna find out a couple years. Get out of the front for once. We'll see if they're that visionary. visionary you know in a related story to this one Did you hear about Nancy Pelosi she says she's gonna be the captain of the Laker girls next year? All right, that has about as much

Relevant Yes, I am I had already You never know this was like the tip I brought you on yeah, LeB might say, I'm mandating this. You know, here's the thing, this is why I truly believe Trump's not running again. Because say what you want about him, I don't think he's a complete idiot. And would he want a message like this out there?

I mean, really, this just sounds so preposterous and so ridiculous. And there's no one with half a brain cell that actually believes that. It's physically, everything about it is impossible. By the way, I'm more interested in the other Trump that's in the news this week. Donald Trump Jr. He's hilarious.

Did you hear he's on cammy? You know what he's charging for his videos? He's charging 600 bucks. $600 to get a video from Donald Trump Jr. He says they need the money because of all the attacks from New York, you know, from the attorney general and whatnot. So here's the funniest thing about Donald Trump Jr.'s bio on cameo, right, for his profile. He lists themselves as a New York Times bestselling author. I mean, why would you use the New York Times to,

you know, to prop you up when all you do is rail on them? I wouldn't, I wouldn't, I would take that line out of there. But yeah, you know, Trump just has to, isn't there a rally this week too? I think there's a rally saying, you know, the craziness that's coming from Miami. There's a big point, biggest ever 50,000 are in Miami this week. So a bunch of parties that were being invited to, I may attend one, I don't know yet. I may attend one. The owners that I'm saying, I may not because I got, you know, next week is a pretty crazy week for us and we're gone, but, yeah, we made so look, here's, here's what I think

about this year. Okay, here's what I think about this year. So play, there's three parties here. Number one, okay. Number one is he's out of his mind. There's no, the, the key word they use, which is their fear, it says it has no, it has no basis under the constitution of any legitimate legal framework. Okay. So that's that part. So somebody may say, well for decades, they couldn't take the mob out until somebody came and taught at a university, hey, we wrote this law in here called the RICO law. Why don't you guys know so they brought the attorneys and you know the story. They brought

the attorneys and they trained the attorneys on how to take the mob down. Then the attorneys went out and there was this young assistant attorney general His name is mr. Rudy Giuliani comes out. He says we're gonna go after them He hires three attorneys to work with them out of 150 attorneys He had to choose from the three attorneys he chooses guess how all these guys are 29 29 30 years old Yeah, he brings young bucks who don't have a lot of experience and they say guys. They don't stand on ceremony They don't know that they're like just like let's just go figure this and but they have energy right and they go So meaning one end if there's creative attorneys to be able to figure out

If there's something out that they can do more power to them second thing if Giuliani is the guy that found the Rikola and Trump hired him and he was charging around 400 grand a month by the way when Giuliani was and Trump hired him and he was charging around 400 grand a month by the way when when Julian it was back then back then. This is a year ago. This is a year ago. Oh yeah, yeah, yeah, yeah, yeah. So if he hires them for $400,000 a month. $400,000 a month and all they can get was a landscape in place.

That's the point. So if that happened and nothing was able to be figured out what is that. So all these states, camp, Georgia, all of these things that was coming back Arizona, you know, hey, they are finding stuff. It's just the Democrats have more attorneys. They did things to the letter of the law after they changed the law. Did you hear the one story came out that one of the, one of the, the mafia members got $3 million and $30,000, $30,000, what do you call it, ballots to put in?

Oh, yeah. Did you hear about that story? No. Here's, here's what's going on. How about the boxes that were taken away? Nobody ever wanted to talk about that. They literally showed the boxes being taken off the table, put under the table like it's insanity.

Listen, you know, you're talking about a couple of things. We talked about this yesterday. I think it's important for the audience to be thinking about this. So here's a few things. Just a hundred years ago, okay? Just a hundred years ago. Gambling was illegal. Yes, just a hundred years ago. Okay, just a hundred years ago gambling was illegal. Yes, just a hundred years ago

Campbell was illegal the first casino legal casino that came out of New York was what year? 1978 the year I was born right and you first good first one in Atlantic City, right? Okay 92 I think was Fox Haven Fox whatever is okay. I can't shout out to a no Fox Fox. Shout out to the good. Can't what can I get yeah that's shout out to Greg Jenkins research for next so gambling with illegal the mob was doing it illegally online sports betting was illegal there was no bookies this is this is if five years but I'm talking about go a hundred years ago

we go 50 years ago bookies they were only ran by the mob and gangsters you go to a you know loan sharks know, you were going out there and doing loan shark and I give you a thousand dollars, but you got to give me 1300 dollars back in a month. That's 30%. That's called payday loans. That's student loans. That's student loans. Then you have drugs that was being sold illegally.

Now Amazon is supporting marijuana and legal up on the employees. And by the way, do you think in a next year or two years, three years, Amazon is supporting marijuana legal, and by the way, do you think in a next year, two years, three years, Amazon's gonna be selling marijuana on their website? 100% possible. 100% possible. That's what I mean to know. And so they just figured that out.

That they're going to do. The point I'm trying to make to use, all of these things were illegal just 50 years ago. Now they're multi, multi, multi billion dollar industries that we're talking about right so so the government and a lot of these fortune 100 companies took their ideas from the mob and they're doing it so maybe a lot of these political parties are sitting there saying listen man the mob the people control elections for a long time hey maybe we ought to go pick up

some of these playbooks and they're using it and it's working no doubt. Zero knows if it's happening or not. But who's the ringleader on the Republican side to actually organize this? That's the plot love. So divided, it's not even fun. Look up, if you wanna look up something, look up color revolution. If you wanna know what happened in America,

look up color revolution, what should scare you about that? When people talk about the quote unquote deep state and you get into the conspiracy theories, it's not a conspiracy that there are CIA operatives and FBI operatives that are partisans that have actively tried to circumvent our duly elected process, okay?

They're on record both CIA and FBI and they've done this in other places when people talk about they hate us because of our freedoms People around the world hate us because no they hate us because we do shit like this to their elections all the time. We interfere in these elections overseas all the time, the way our deep state interfered in our election this time. We do this across the world. By the way, we got a bunch of activity that took place and people want us to talk about the Fauci emails. Paul Lee Brandt gave $100 to him, we talk about the Fauci emails. Paul Lee Brandt gave $100. Can we talk about the Fauci emails? Little Rock $100. I was a Russian linguist in army during the 80s. I was a truck driver during working through undergrad. I have a BS

NNMS and an electric computer engineering. I'm now a lawyer and cannot understand how anyone believes Fauci after his mask fiasco. What do you think about emails? Little Rock, why don't you text us at 310-340-1132. Send us a text at 310-340-1132. And let us know your little rock, and we'll see what we can do here. But so look, here's all I'm saying to you is, if the folks on the left or the right got more creative to win, salute.

If they broke the law, they gotta be held accountable. But if they figured it out a way to get away with it, you were creative. What did our president say? Our sitting president, the most popular president of all time, by the way, he got more votes than both Donald Trump and Barack Obama. Can't put a full-scented coach and sentence together. Greatest campaigners of all time. No, no, we can't do it.

Greatest campaign, he spoke at least once a month on the campaign campaign trail guy was tireless. Got a top-notch son Man Hunter. Oh, that's again again, but there's there's no corruption in the NRFBI at all none All right. Yeah, what did he say though Patrick and this and this should scare them because if they're trying to go with that last line That you said is there that's their line of defense. That's the mainstream. There's no constitutional What did what did Joe Biden say? Didn't Joe Biden? I don't forget what the exact quote was, but with some like, there's nothing in the constitution that's that that's forever. Everything in the cost. Oh, when he was talking about stacking the core. Everything in the constitution is available to change my leg hair and Popeyes was bad, dude. Yeah. This is reaching out on the inside

of my leg. They used to braid my hair. I have hope in optimism. I think there's enough people that might be okay. You know, good people. I don't think you can keep this secret. If laws were broken, I don't think so. I think eventually, over time, I'm looking for... I'm looking for...

No, eventually, yes, but what's eventually? Yours, unfortunately. Give me a time. Two to three years. No, I disagree. No, there's too many people involved. I don't think it ever does. I, give me a time to two to three years. I mean, there's a disagree. No, there's too many people involved. I don't think it ever does. I I one of the most fun.

I think it's 30 years. See, that's why I believe we went to the next generation. I think it's legacy for sure. I think it's 30 years. You're going to the movies. You're sitting there saying no freaking way. Kids are like that would never happen. We're like, we lived through this, but it's a movie 30 years.

I'm a kind of like Argo explaining what happened in 50. Yeah, but it's the most sorry the most the most I'm just a close it goes on this the most formative book I've ever read in my life the book that I read that most formed my my world view is the Gulag archipelago All right by Alexander Sosnitskin, right and his one of his biggest lines if you don't have you ever read the Gulag archipelago He wrote this while he was in the Gulag. He was a political dissident in communist book. I pull up this book, so people can see what the book is about.

And he had to hide it. He wrote this over the course of 10 years while he was a political prisoner. He had to write it and then he published it. It was illegal. It was punishable by 10 years hard labor in Russia. If you were caught reading this book when it came out in 1978. And it describes all of the horrors of

Far leftist communist tyrannical governments and and how it represses freedom and one of the lines in the very beginning of the book is We know they are lying. They know that we know they are lying We know that they know that we know they are lying and yet still they continue the lie. And that is the power. Say that one more time. Say that one more time. We know they are lying. This is Alexander Stolzenice. Yep.

We know they are lying. They know that we know that they're lying. We know that they know that we know they are lying and yet still they continue to lie. Powerful. That is the power principle. Powerful. That is the power principle. Powerful. That's the goal of the powerful.

They'll do whatever it they did, whatever it takes to get power. Now they have to do whatever it takes to keep it. There you go. So in reality, I think what we're all saying is nothing's going to change this election. Unless we change it. No, but with the next three years, you think anything's going to change with the 50th Senate and you know, midterm is going to be a bloodbath. How about you?

In this midterm, it has to be a ground war. Yeah, but what do you think it's going to flip? Do you think the house is going to flip? I think in order to make the house flip, you have to match what they're doing. You have to take their playbook. Well, then you've got to start now because the elections next year. It needed to start two years ago. When they're action front, how much is Trump needed for that?

I want to just Trump need to get a groundwork. I go back and forth, that's a great question. I go back and forth because he riles up his side, but he also activates the other side. And that's something where like DeSantis, I think, activates his side without activating the other side. It's a really, really interesting question. You think DeSus could win? I do.

I especially think a coalition of DeSantis and a Tulsi or DeSantis and a mansion. It won't happen for donation reasons. But I tell you, a coalition party like that, a coalition where, DeSantis, Tulsi, oh my. Tulsi comes over. Don't forget Tulsi comes over.

Look what Tulsi did to Kamala twice already. She would, she would have to debate Kamala again if she was the VP. Here's the problem with Trump. He could empower a big flip in the house. If you could, he can't think small. That's his problem. So if you were equated to an actor, all he can think about is being in a blockbuster movie and winning a catting me award

He's not gonna go off Broadway. He doesn't give a damn about that same thing in baseball He wants to play in the world series doesn't care about the minor leagues He could get a ground swell of support to help flip the house and be and be a real force that way But all he can think about and all he can talk about is they're gonna reinstate me in August He's only thinking about the biggest prize when they actually could use the power that he has on the ground level. He's also to your point, at 60 minutes, he's going to talk 59 minutes of that is going to be powerful. His base is going to be happy. He's going to say one thing in 60 minutes that's going to be a sound bite that again is then used and played to activate the other side.

It's going to it's going to be manipulative. He can't help himself, but being edgy and he wants that sound bite. He wants to dominate the news cycle. He thinks in terms of media and again, what's Sun Sioux? What does Sun Sioux say, right? Never, never stop your enemy when he's defeating himself. Like that's what he does all the time. The best thing the Republicans have done in the last two years is shut up and let people here with Democrats are actually saying right let them hear

what you're actually saying like whoa what's this green new deal hold on if I give you all my money you're gonna change the weather like you know what trump has to worry because you talk about playing dirty that district attorney in new york will do whatever she possibly can to take him down absolutely and i think that's his biggest battle right now he's got some some serious issues on the legal front. By the way, any thoughts on him taking down his blog? Oh, page six. Go to page six. Let's talk about this. So he takes down his blog and everyone's talking about it. Trump's blog, page shut down for Good Cmbc story. Former president Donald Trump's

blog, a web page where he's shared statements after larger social media companies ban him for their platforms has been permanently shut down. His spokesperson said on Wednesday, the page from the desk of Donald J. Trump has been scrubbed from Trump's website after going live less than a month earlier, it will not be returning his senior A. Jason Miller told CNBC, when asked online later Wednesday whether to move was a precursor to the former president joining another social media platform, Miller replied, yes, actually it is. stay tuned since leaving the office on January 20th former president how strongly hinted he may run for president again in 2024 has just made a handful of in-person appearances and is participated in interviews

only with friendly media outlets thoughts. I think it makes a lot of sense for a marketing standpoint pull it away I ran a, if anybody here's ever blogged, it is actually pretty difficult and it's not very fruitful. So, you know, I think in this, what ends up happening with blogs too is when you're used to getting a million interactions, when you're not getting those interactions, it becomes a cumbersome to do it. You're almost like, it's like, showing up to a party that nobody's at. How many times do you go to a club and there's nobody in the club and you keep going to that club?

Yeah. So you just stop going, you pull yourself away a little bit. You know, I've heard you talk about this a lot. You say some of the best things that you can do is disappear for a little while. Disappear for a little while. Let people, you know, let the market kind of appreciate for you and your voice and your services again. And then when you come back, come back big. I think that that's kind of what he's doing.

Yeah, he was completely neutered without social media. He's an instantaneous guy. He wants immediate impact, immediate reaction. He couldn't get that with a blog. They had no, they had to have an army of people pushing that out that have access to social media. I mean, it felt like he was writing handwritten notes with a feathered pen and then throwing them out

with a carrier pigeon. It was so archaic, it just didn't work. They keep talking about this new social media platform. I'd better be good. I would shut up about it. Because they're people are also saying he's gonna be reinstated as president. You're losing credibility with these statements.

I personally don't believe there's some magical social media platform. Now there might be a platform, but not access to billions and billions of people. I want him to try. We need another of people. I want him to try. Yeah, we need, we need another platform. I do want him to try, but I agree. It has to come out.

There has to be some real evidence that there's this new social media platform. Under, yeah, under promise over performance. I mean, either this is a method because one of the four media giants, social media virtual governments is about to let him back on. Either there's talks behind closed doors that either Facebook, YouTube, Twitter Twitter somebody's left on the car.

Okay, I'm just saying although he made Twitter a ton of money. He did. But all I'm saying is there may be talks behind closed doors that one of them is open to the idea. And I think you know, you know, I think it would be actually open to the idea. I think it would probably be YouTube who would be open to the idea in Google. And then it would probably be YouTube who would be open to the idea in Google and then it would probably be Facebook last for me Is gonna be what he called it with Twitter?

Okay, so I just don't I'm by the way dorsis in town right now with Miami for a bit or do that's taking place Yeah, so you know on that part it is what it is this is the other thing to be thinking about There's a lot of things Trump's done and after a month two months doesn't work out It's like you know cut it true. He's done. And after a month, two months doesn't work out. It's like, you know, cut it, true. He's done this his entire career. People are surprised. It's a stake. Boom, cut it.

Air line. Boom, cut it. Boom, the guy does this his entire life and people are surprised. And here's the reality of it. He still keeps winning. The guy keeps still winning, figuring out ways to win. Look, the last 12 months are probably not the best 12 months of his career.

I think it's fair to say. Yeah. The last 12 months are not the best 12 months of his career. But the guy is still number 45. It's gonna be forever. The guy still became a billionaire. The guy still got the real estate market and Manhattan to go to a whole different direction.

The guy had a show on TV that was a best selling show for years. The guy went on Oprah Winfrey in the 80s and said, one day, if I ran for president at win because I'm a winner. Who the hell predicts 40 years prior to? There's a lot Simpson made an episode about the guy becoming a president walking down the Esk. I mean, there's a lot of stuff that you talk about here. The point is the following. Don't ever underestimate a person with 74 years of experience having dealt in the streets of New York. They're in the era of the mob doing real estate construction,

winning, losing media, marriage, scandal after scandal, perst all of that stuff. You're gonna underestimate somebody like that. No, big one. Yeah, they guys got a lot of experience. Have you guys seen the documentary, the four part documentary on Netflix on Trump's line? That was horrible.

Did you think so? Well, I mean, I like the fact that they had all this archaer, or this ad. So for the footage, that everything he has done in his life is documented. I think we're thinking of something different. Well, it was not positive, but it was interesting. No, it was interesting.

If you go in there with an open mind, it's fun just to see, you know, the life he lived in the 70s, 80s and 90s. You know, let me ask you this question. Do you think there's any, do you think the tech companies are in any real danger of government regulation of them actually being able to do something and could any heat be directed to them right now, meaning, hey, the first

thing you have to do is let him back on. And then maybe this will delay the inevitable thing. Let me ask you question. I'm going to ask you question every year, a decade, and you tell me, okay. Who was a person who was winning most scared of, I don't know, in the 50s, in the 60s? What do you mean? You know, so for example, if you're in the streets of New York, who were you most scared of in the 60s, 70s, 80s? Ah, the mom. Okay, the mom.

Okay, go into 90s, 2000, who were you most scared of in the 80s and the 90s and 2000s if you're coming up? Like, oh my gosh, if they write a story about me, I'm screwed. No, National acquired. Yeah, they got newspaper, national, but it was a newspaper, National Inquire, and maybe the, the, the, the, the media and TV, the cable news. Who are you scared of today? If you say the wrong thing? Take companies right, social media. Today's mob is the tech company. We talked, they de-platformed me.

Yeah, today's mob is the tech company, and people are actually scared today. Now here's the thing. When you're powerful, the challenge with power is the following. You think it's forever. And unfortunately, it's not forever. Especially if your power is not inspiration, if your power is based on control and fear,

if it's driven based on control and fear, it's never going to be forever. If your power is based on freedom, choice, influence, you know, example, inspiration, you know, aspiration, there's a vision we're chasing and you're somebody like that, that can last a long time. But this methodology of having power is going to have so much resistance. It's not going to last forever, it just doesn't. History tells you no matter how big you are, history doesn't favor you if you lead the way you're leading.

And especially when we have a history of freedom in this country, right? There's just such a craving right now for common sense. You can kind of sense it out there. Absolutely. People are becoming on to this. And that's why I was saying, you know, with all the hands that had to be involved in the wheel, if anything, you know, did take place that wasn't legitimate, there's too many, it's too hard to keep a secret in this country.

It's too hard to keep doing something if you're not being. The error of authenticity. What am I telling you? What have I been preaching to you? We are entering the era of authenticity. If you are not in real life, who you pretend to be, you have no future in media in this country. We are entering an era where people just don't want to deal with liars, cheats, thieves, and crooks. And it's not that they don't have, you don't have a place because there is a place for that, but I think people gonna figure you out.

It's a big issue. I've been in business now for 20 years. There were some times where I was going up against an opponent where my peers flipped on me and they would say, well, you know, he's saying this and maybe he's right about you. And I'm like, no matter what I say in that moment, I don't have anything to say because that guy had a bigger platform, let's just say, right? And then all of a sudden, you're one by two years, three years, and like, shoot, look at it.

And the way you treat everybody, then all of a sudden there's five people saying, no, this is how he does business. Ten people saying, no, this is how 50 people, no, never have 5,000, 10,000. Then people say, what are you talking about? You're just a hater. So then long term, those become qualified haters and everyone knows it. Totally. Once you've fallen to that category, let me tell you, that's permanent. If you envy somebody's success and that person's success, you have to watch, because who knows

more about, who knows more about our day-to-day day new guys? you have to watch, because who knows more about, who knows more about our day-to-day day new guys? Who knows more about, like who knows more about what goes on a value-taming than the two of you? Like how often are you here? Mario? But what do you see, what happens here in value-taming every day?

What happens? You see it, you work it, you've been here day, night, last six, seven, eight months, so you see what's going on, right? If somebody wanted to know how value-taming's culture is, what did they say? Not ask me, ask who? The people that going on, right? If somebody wanted to know how value-team's culture is what did they say? Not ask me, ask who? The people that are here, ask you, ask Kai,

ask the people that are here, right? If you want to know that the approach you are taking, the fake side, you can't do that forever. You will be exposed, you have to. You're gonna be exposed. And to your point here, where you were saying that, people will understand it and there's a market for it, but you could ignore it.

I mean, I look at myself, there was nothing more important to me than local news. You know, for 15 years, I was in the middle, I only cared about moving to the next big market, you know, getting big, big. You know you're getting everybody, Michael Jordan, Kobe Bryant, you name him and you were with him. I love the industry and I watched the news all day.

I mean, if it was on the news, it was important, it was relevant, it was real, it was, you know, you had to believe it. I don't watch local news anymore. Not only that, I do not watch it. If there was, the only reason I would watch the local news is if there was an earthquake in LA and maybe they wouldn't be lying at that point.

That is such a great point. It is such a great point. We are, there's a, I'm not to give free advertising out there, but there's a podcast called The Dark Horse Podcast and it's Brett Weinstein and his wife and their phenomenal. It's not the easiest listen. They're two professors. They speak very, very quietly.

It's a little NPR, but they're brilliant. And what he says is essentially our, he's an evolutionary biologist and he says our brains have not learned to interpret the television as anything other than the window to the outside world. So we still look at the television the way a thousand years ago, a medieval person would look outside the window and see barbarians at the gate. So even though, like George Floyd, horrible, horrible thing that happened to George Floyd, horrible thing that Derek Shovon did to George Floyd. But in reality, the fact that that somehow became indicative of

America where everybody in the world, everybody in the world got so upset about a person that they've never met in a place that they've never been, that it became a benchmark, a pillar moment for our society. And nobody's ever been there. Nobody ever knew this guy. Nobody's ever been there. And we all acted like this happened to our best friend down the block. I'm from Minnesota. Are you really? I was just there last week in the block. I'm from Minnesota. Are you really? Yeah. I was just there last week in the time. I was so happy for the time.

You had a great time. You said Paul Saints, I saw it. But the point I'm trying to make is that if we are so focused, and we are now, we're so connected globally, and if we are all focused on the worst shit that's happening to people every single day, there's bad things happening to people every day around the world. We're forgetting, like humans are killing it. We're doing so good.

We went from horse and buggy to the freaking moon in 70 years. Like we're crushing it. The biggest problem that we have in our world, they say climate change and then after that is overpopulation. We're so good at living, not enough of us dying. Poverty is down, right? People that live in America, like just above the poverty line today,

they live a quantifiably better life than 18th century royalty. They have cars, they have air conditioning, they have access to nutrition on a level that only royalty had 300 years ago. But because like you're saying, we're so global in our thinking that all we do, especially people who are naturally anxious that have anxiety, they wake up every day and I go, Oh my God, the world is ending because somebody halfway across the world had some bad things happening. But if the news tells you the world is ending 24-7, I mean, you're going to be thinking the world is ending.

So consuming the media, turning off. Yeah, I mean, sometimes you just have to turn everything off, like you said, turn everything off to just calm your nerves, come back at it when you're a little bit more calm. But going back to what you said, it sounds like you wanted to say something. Well, I was just gonna say, have your own opinion. Do not rely on these pinheads on the news,

because they don't give a damn about you and they don't even know what's going on in the world. All right, they have a focus and a plan each day of what they're gonna do, the situation. They don't even have toheads on the news, because they don't give a damn about you and they don't even know what's going on in the world. All right, they have a focus and a plan each day of what they're gonna do. The situation. The pinhead on the news. A four-room pinhead, man, I need fall. I need fall.

You know, the George Floyd situation is just collateral for the news. It's just something that they can use in leverage for the next year. That's it. And you know, the other thing too, is we bash tech. We bash these media, like tech companies.

But how great is Google? I mean, I could not live without it. I mean, it is a, I would almost say it's the greatest invention of all time. Shut up to talk about Gmail and everything. And same thing with Apple, how much do we take that for granted, the technology that we have of that? So my point is, make up your own mind,

try to stay informed as much as you can, but if you're on one side of the other, don't just listen to that voice. It's just gonna make things worse. Tom, that's part of the arrogance of Gen Z. That's part of the arrogance of Gen Z that they think they're the smartest people who have ever lived because they have access

to more information than anybody else. By the way, I like what Nicholas Marou said. He said, if principles and values were a priority today, we wouldn't have this problem. Dems, Republicans is like a methodology. Today it is tribalism and to win at all costs, most of the officials have honorable in front of their name. You know, you're just kind of sitting there,

you're wondering, have to battle is, let's take a side to Republican Democrat, go through the top 20 issues and ask people where you stand with it. And then you'd kind of fight for that, rather than if you're a dem, you have to be a loyalist to it. Nicholas gave $20. Nicholas I'm giving you 10 times back so Nicholas gets $200. Let's make a note of that. And then this lady here who works at Los Acosta Pandolfi gave $50. I work in Florida State

government and I have seen the synthesis policies are changing heart-cored them's minds and perception of him and his way of governing our state in a positive way. Lose, do you mind sending a text to 310-340-1132? 310-340-1132 and let us know what you do. What kind of business, what kind of job do you do there? And then I may get you on a call here. So, you know, so those are the two colors that we,

again, folks, if you're listening to this, you give a super chat. We may do 10x back on you. If it's a common question that we may use and we may even get you to call in here. Go ahead Tom. Oh, I was just gonna say this topic that we're talking about just has so many tentacles

into every other topic that we wanna talk about today. When you look at Gen Z or Gen, whatever it is, and that story where they say 40% of people don't wanna go back to work. If you have to go back to the office, I mean, or Gen, whatever it is, and that story where they say 40% of people don't want to go back to work. If you have to go back to the office, I mean, or the other thing too is, we are in so much danger right now because we think each other is our enemy,

and then you look at the alignment of a Russia and a China and an Iran. And they know damn well who their enemy is, there's one and they go at them every single day, they wake up with a poster of them on the wall, and that's all they think about, and that's why we're so vulnerable. Is there a Simpsons episode that says Trump's gonna die in August of 2021?

Is there a Simpsons episode? Kai, do you know that or no? I'm gonna fight that. Yes, just because they go away. This guy just says, you mean Marino's. The Simpsons are a non-stop Mandela. Let me check this out. But go ahead, you were saying something.

And that's it, I pretty much said it. Not only I can't believe the Simpsons has been on since 1980s. Don't have a two times point. This actually goes back to something Pat, you said two episodes ago what I was on. You talked about how kind of the right fell asleep at the wheel.

Wow, the Dems had a, and really the far left, not the Dems. They had a plan to take over the ideological epicenter of America. They had a plan to take over the colleges, yeah, the media, right? And that is something, it's not just Republicans. What that commenter said is right, it was just normal everyday Americans. Everybody else was worried about trying to make it, trying to feed their kids and build a life for themselves while there was a far left ideological religion, essentially that decided that they're gonna come in

and they're gonna steal the robes in America. They're gonna steal the robes, they're gonna steal the courts, they're gonna steal the judges, they're gonna steal the professors, and then they're gonna own the next 100 years from that. And that comes specifically from Mao's red book. It comes specifically from China,

China is investing all this stuff. You talk about Russia, they're investing in this decentralization of American values. That's not a conspiracy. That is, that is the truth of it. It's actually taking place. Bob, I just looked at that episode about Simpson. It was last year, August 20, 2020, not this year. Yeah, it lasted them.

So what I will say, all right, and this goes back, back to the Gen Z, and you talked about how 40% of people don't want to go to work. And I believe if I'm correct, it's something like 45% of people under 30 view socialism in a in a positive light. Again, this is because normal, quote unquote, normal people who engage in capitalism on a day to day, we don't spend time explaining the values of capitalism and why outside of value, tame it. We don't explain like how capitalism, like they hate imperialism. Capitalism ended in imperialism. We don't have to go into Mexico and take them over anymore. We can open Starbucks and

McDonald's and extract wealth in exchange for value. We don't like LeBron James hates, you know, structural racism. He became a billionaire by playing by playing ball and hole that didn't exist 200 years ago in order for him to have raised Himself and in order for him to have raised himself out of poverty and socially stratified himself 200 300 years ago He would have had to kill hundreds of thousands of people. He would have had to conquer. He would have had to have been a conquistador He would have had to travel somewhere else and take their stuff But now he can acquire that wealth and he can acquire that magnitude and that status by playing bowling. He better earn it tonight. Okay, capitalism.

They need them tonight. Like professionalist and I don't know what it is, but let's 100 years what he's talking about. It didn't exist 100 years ago. The guys a billionaire playing a game. A game. Your billionaire playing a game. He would have had to be a captain of industry. A conkeys to door worried about whether they

should let their kids play video games or not because maybe if they don't let their kids play video game today it's an e-sport. Kids are making millions of dollars playing video games. It's a complete different world we're living in. A video game is a sport. 40 30 years ago we're like stop playing video games. Stop playing today. You're like, shit that video game is like playing basketball. It's a sport. It's a bad game. Why isn't a bad thing? Mopster kids, they wanted to make it big, they wanted to make millions of dollars too.

Instead of playing in eSport, they went out and robbed people, they jacked people, they did the Louhtons of Heist. What if Henry Hill had eSports, he wanted to, you know what I'm saying? Like these aren't necessarily bad things. We are the least violent and the most productive generation in the history of our species, in the history

of our species. 90% of media disagrees with you. Yeah, the full of it. They think you're crazy, you have no clue what you're talking about. And you know what? And they could say it to my face because even though I bench 500 pounds, we live in the first time in the history of humanity, I can't just kill them to shut them up. 300 years ago, I killed him and take their stuff. You got, no, no. Anderson Cooper, you're five foot 240 pounds. You've got to mention, I want that. Mine now. Yeah.

That's it. Me and my gang take it. Like this was humanity. Let me give you a different story here. Let me, let's change it up a little bit. So here's what just happened, which is, but by the way, absolutely crazy here. So you know, most people don't understand NFTs, right?

NFTs, what is an NFT? Non-fungible token, what the hell is an, people still don't know what an NFT is. You can't blame them. Yeah, you can't blame it. There's a lot of people that still don't even know what a cryptocurrency blockchain, they're still trying to learn what this is gonna.

This is on a whole different level. Kai, did you find the story or not that I emailed you? Check this out, guys. This is seriously insane to me. When I show this to you. I hope your reaction is as crazy as my reaction is when I saw this story. Italian artists sells an invisible sculpture for more than $18,000. You have to see the picture by the way.

Go up. See if the picture is there where he's standing there. That's the sculpture. So I'm not getting with you. The Italian sculpture sold an invisible sculpture for $18,200. This is there, I think it. Can you imagine guys says it's yours, take it. Take it.

Take it. Watch your step, watch your step, my sculpture's here. Hey, you know what's the here's the problem half the left would be offended by it Oh my God, it's a tie in you a tie in artist get away with money laundering That's the actual sculpture. Wow look at look at that beautiful the sculptor press press play just right there Just lower your audio guy look at that beautiful 18 grand right there Let your imagination run wild. Unbelievably. Unbelievably.

Now, Buddha in contemplation. He is a De La Cascala, Milano, sculpture, whatever, so else were $18,000 in the middle of the book. What am I doing wrong? What am I, this is pause for a question. Everybody's thinking, what do I have that I could possibly sell? You know, the,

well make it up. Charlie, make it up. Charlie, make it up. My finger, those guys made, you know, they're doing an NFT on the video. You know, everything, everywhere. There's people work 12 hours a day in this office. They're going to see this and they're just going to break down in tears. You remember the movie dropped at Fred?

You remember when you got one as imaginary friend? It's like 30, 40 years ago. It's actually a really good movie. It's a funny movie. So a folks today who imagine, like my son is one that says, he imagines he has a certain friend or he has certain things. Today you can imagine say, I own the largest castle in the world and I'm willing to sell it to you for a million dollars.

And it's right there. Take a look, it's right there. It's right there. It's beautiful. You know, one time my uncle, my uncle had a very, very unique sense of humor, like a Yogi-Berry sense of humor. But he couldn't stand arrogant rich people.

My uncle, my dad's brother. So one day, they're hanging out with a few friends. I've told a store a few times. They're hanging out with few friends. Everybody's bragging. One guy says, yeah, I own a bunch of pecan dealerships. Pecan and Iran is like Toyota dealerships. It's a French car, but pecan dealers, oh, wow, it's great.

How about yourself? Yeah, I own multiple hotels, you know, oh, great. How about yourself? I want a water from property. How about yourself? I have this. So finally comes to my uncle's time. My uncle owns nothing.

The only thing he owns is a deck of cards. That's it. You know how to play poker? And that's, he was a hustler, right? And he drove slow. He walked slow. Everything about him was slow. Everything was slow.

But the funniest guy in our family. So he's sitting there, my dad's sitting there's like, oh my gosh, we owe nothing. What the hell are we gonna say? So my uncle Victor says, you know, we have we have a lot of land. And he says, really? He says, we have a lot of land. He says, where's your land at? He says, in the center of Caspian Sea, we own a thousand acres of land. You guys are good guys. Really? Yeah, our family, David family, we own a thousand acres of land in the middle of Caspian Sea.

So what are your plans with it? When it dries up, we're going to build a hotel on top of it. And by the way, it's not going to happen. So they're walking away saying, how to help you own a thousand acres of land? Look, Caspian, my uncle today would have been a billionaire can listen people. He owns a thousand acres of land. Look, Jaspeets, my uncle today would have been a billionaire convincing people he owns a thousand acres of land. It's gonna be way easier. Way easier than having an NFT of Caspeets.

Well, with climate change being the way it is, we think it'll be seven or eight months before the Caspeets see dries up. So shout out to the person that sold that's, you know, sculptor Niddleman. That is money laundering, right? I mean, that's just what it is. I mean, it has to be. is. I mean it has to look

I thought I was a good salesperson, but officially I just met the greatest salesperson on the Remarket though He needs to write a book. He needs to write a book. So yeah, write a book on selling I will buy it I promise you I'd be the first person to buy that book. I hate when they give the socialist ammo So let's talk about Netflix Netflix apparently wants to break into the video games business Experts say that's a bad idea. If you want to go to page three, Tom. Okay. Okay. Here we go. Netflix apparently wants to break into the video games business. Experts say it's a bad idea. This is a business insider story. What over 200 million paid subscribers worldwide.

Netflix is an absolute behemoth. So what's next for Netflix? The answer to the question at least in part appears to be video games. Netflix is fishing around for a gaming executive to help it expand out its gaming initiative. While we still don't know how much about Netflix's plans, one thing is clear right now, Netflix getting involved in gaming is almost certain to fail. I do think they will try and do think they will fail. Wet Bush, Managing Director, managing director of a Michael Patcher told Insider, it's hard to make games. Indeed, the video game industry is a very risky business and even in trench studios with top tier talent

in years of experience, regularly go under, we have the failures of THQ Midway, claim 3DO, BAM, Adios, Atari, Info Games, Interplane, and probably a few others to illustrate how hard it is. Patcher said, I don't see how Netflix could possibly think it can develop and sell games, thoughts. I don't like it. I don't know why they have to do it.

I'm a big fan of staying in your lane. I mean, you have to evolve at times. But you got 200 million subscribers. How about focusing on a little bit better content? Because I love Netflix. It's great, but they can acquire some even better content here along the way. There's a lot of case studies of companies

that have failed at this. You mentioned them, but even Google Amazon and Facebook have spent hundreds of millions of dollars trying to come up with gaming and it doesn't work. I mean, Coca-Cola, right? It's a very good company. They don't dabble in Persian rugs, right? For seasons, doesn't sell lawnmores.

I mean, stay out of the gaming industry and work even harder on the content. Now, I'm saying this as a non-gamer. Yeah. So it's all tempered in that. See, I actually, I think it's ambitious and I think that they have the money to play with and I think it's a good idea, frankly.

I think that they have a lot of properties. Are you a gamer? Yeah, I like gaming, yeah. But I think are you a regular gamer or are you like every, yeah. But I think. Are you a regular gamer? Are you like every week you're gonna play? I was before I was a value-tainer. Now I work 80 hours a week, so. That's good.

And you loosen weight. Wait, time for your help. And you're inside. You're getting anxious, gone up. This guy's complaining. Oh, that complain. He just said, man, kind of not complaining. I was not complaining.

Did that sound like a complain? Did that sound like a complain? Did that sound like a complain? I'm looking 80 hours a valuable. That sound like a complain. being here? Did that sound like a place of being here? Did that sound like a place of being 80? His Tinder profile is gonna change. I benched 515 pounds. Which one? The Republican one of the dog bar and everyone.

Pat, do you realize how many K-dome I would have begged to wipe it out of time? I wish I could show you off by here. I wish I could show the people. I got, I matched with a girl on Hinge here in Fort Lododoo and she dumped me in 120 seconds, I wish I could show the people I got. I matched with a girl on Hinge here in Fort Lododil and she dumped me in 120 seconds, I lasted. I lasted less than two minutes with this girl. Well, that's how she's in the street standard.

Yeah, two minutes. Yeah. You were gonna say something about that. Two minutes to stop. Two minutes to stop. Yeah, if you're an investor in Netflix, how are you not pissed off by this? Because there's a 95% chance they're gonna fail.

I need to know more information. Gaming, people think that it's going to be this massive open world, game that grant the auto. If they're going to try to compete on that level, it's a bad idea. But if they're gaming, if they're going to game a game of vacate, they're shows. It's a good idea, like what they did with

Bander snatch in Black Mirror. If they're going to get into interactive movies that they have already with cutscenes, and it's going to go back to like the old school, remember when we were kids and there were books, if you think he did this, turn to page 79. If they're going to have the game, if they're going to gamify their shows, it's a really, really good idea. That's innovative. Yeah, but Disney failed at that as well. They tried to gamify their IP and it didn't work.

That's Disney though. They also tried to gamify their IP and it didn't work. That's Disney though. They also tried to woke up everything and everybody left. So let me ask this question. Kai, I'm asking this from you. David, are you a gamer or no? Do you, do you, do you a game? Yeah, yeah. You're a gamer.

Kai, are you a gamer? Would you consider yourself a gamer somewhat? Not really. Casually maybe. Casually, do you play every week or no? No. No. I agree with Kai, more casual. Okay. So what do you think about Netflix and gaming? No, do you play with Ky with more casual?

Okay, so what do you think about Netflix and gaming? I'm curious. Let's ask a different generation What do you guys think about gaming what Netflix going into gaming? I mean it makes sense if you can I mean now games are Moving more into like a streaming where you can stream things and so if Netflix is popular for streaming It makes sense, but I agree with Tom in a sense just doubling down on what you're doing great I some of their IPs are made for games like that movie bright Would have been a better game than a movie they have that it's called bright So I think I think it depends because going into gaming is very vague It's not necessarily that they're making video games

They could be trying to compete with steam which is a platform where you buy games Same way as they do for Netflix, where you have subscription models, so you pay a subscription, and you have access to a wide range of games as long as you keep paying for the subscription. So I'd have to want to know more specifically, what are they aiming for as opposed to just throwing out. Or to Kai's point,

let's say that they were trying to integrate steam with stitch, where you buy the game on their platform, but then you could also stream it to all the other people as well. So they have a marketplace, they have a massive, massive marketplace, then they have infrastructure in place to be able to connect these people to one another. I don't think it's the horrible idea that boomers think it is. I really don't. You know what, they've got their work cut out for them in the streaming boards.

I mean, now that discovery has paired up with Warner, and there's some cup, and they're chasing Disney right now. They're gonna be chasing Amazon soon. They have to do something that's gonna differentiate. They haven't been profitable ever. Let me ask you questions. So what are they gonna do? Let's just say they don't do anything.

What are they gonna do? They're gonna keep doing this, and they're gonna keep doubling that. Who else has done it with that model? I mean, I understand staying specialized for a decade or two. I fully get that. I think there's strength and staying specialized for a while. But who has stayed specialized for a hundred years? Who has stayed specialized for 50 years? Who has? Did Amazon stay specialized for 50 years? No. For 20 years? No. Did Walmart stay specialized? Walmart stay specialized

for about 50 years. But look what Walmart's been doing, right? So they're looking at everybody. Google is probably the one that's the most specialized. They try a couple different things. Google plus didn't work out for them. Go Facebook, fairly specialized, but they bought WhatsApp, they bought Instagram, they bought a few different things.

If you go and look at the model where they're at and you're talking streaming, where I can play the game on Netflix with 200 million users and I can go in and away while my risk is not that high I don't know I think for Netflix the next move could be like remember you should go to blockbuster and you should go to blockbuster Dubai what movies? Yeah, but what did they do they came up with? They're games there too and it actually worked. Yeah, it worked for blockbuster blockbuster didn't have their late fee Debacle going back and four blockbuster could still be around today

And you know if they would have any food and afford to buy video games when I was a kid But I could afford to rent a game for five bucks. Yes, so the games I think I think there is a business model for what Netflix wants to tell you what else I'll tell you what else. I'll tell you what else, too, man. The concept of Microsoft, if I remember correctly, we have to go back and check, but I remember when Microsoft said that they were going to get in the gaming, they caught the same pushback. They said, you guys are business software. What do you know about gaming? You're going to get destroyed.

Nintendo has been doing this for 20 years. Sony, you know, and now without Xbox, where would Microsoft be? Like Xbox is probably more than half their company. Yeah, but that's a piece of equipment too. Right, this isn't just what Netflix is talking about doing is virtual and streaming. But they were software companies, but they became a hardware company.

But that is that even decreases the risk. Anything that's more physical, you got more work, manufacturing, warehouse, all of that stuff you need to do. If it's gonna be virtual It's a lot easier to take that risk. I don't know if you're watching this if you're watching this if you think Netflix ideas a good idea Smash thumbs up like meaning them going into gaming if you're saying

Absolute terrible idea. I'm a Netflixer and I would never want to have video games I play my video games on Twitch and I go watch my videos on Netflix. Let us know put thumbs down So good idea thumbs up. Bad idea thumbs down. The person we should talk to is Kurt Schilling. Kurt Schilling blew his entire major league salary on trying to start a game. Remember that? And he got the big loan from the state. Oh, yeah, he did. He made 50 million disappear more than if we had a podcast back in the day when that happened. Because they bailed him out. Yeah, they are. Are they giving this huge? They gave him like his whole fortune was gone.

Yeah, they they, uh, because he still have money today. He has his pension. So he gets like, what is that big, big, big pension? What 10,000 a month? I mean, trying to start a major gaming company, a hundred and fifty million, and shilling was a world suit. This guy was, did he win the sion? He should be a hall of family, but it's a conservative.

So they're not going to put him in. Did he win the siong? Oh, yeah, multiple times or one time. Well, he won the sion? He should be a Hall of Fame, but he's a conservative. So they're not gonna put him in. Did he win the sion? Oh yeah, multiple times or one time. Well, he won the world series. One time sion, but multiple times. He's one of the best pitchers in the last year. He was a big game pitcher, money. Yeah, very interesting.

Well, we'll see what's gonna happen. By the way, just a question for you guys. Here's a question for you guys. Fair bower if you're listening. Go into gaming. Got a question for some of you guys. If you're watching this and you're subscribed to this podcast, not value-taming this podcast. If you are a subscriber, if you're not, click on the subscribe button, but if you are,

and if you've also clicked on the notification, I'm curious, people are telling me, some channels get notified, some don't. I want to know if you got notified today when we went live if you did Just say thumbs up. I got notified if you didn't put thumbs down No, I didn't get notified. I just kind of want to see I'm looking at the charts right now where we are Right now we got four 10 thumbs up. So I'm curious to know 10 thumbs down Based on that I'm curious enough you are getting the notification when we are going live with our Podcast thanks guys, okay, I just got another comment here that came out, it says PBD, thank you

for inspiring young entrepreneurs. I know you grew up in Glendale, but there's a kit from Nella inside of you, North East LA, PBD knows what's up, much love brother. Robert Rodriguez gave 25 bucks, let's give Robert Rodriguez 250 bucks for starting office, Thursday morning with us at 7, 20 morning in LA. I used to play baseball in basketball in northeast LA, but there you have it. Okay, all right, let's continue. Let's continue.

Next story. Well, let's see what you got. Fauci, should we go to Fauci or not? Let's do the Buffett story. Let's do the Buffett story. We got to get to Fauci. Warren Buffett's favorite market indicator hits 200%. Signalling stocks are overpriced and a crash may be coming. Business insider story. The Buffett indicator takes the combined market capitalization of what publicly traded US stocks and divides it by the most recent quarterly figure for gross domestic product. Investors use it as a rough gauge of the stock market's valuation relative to the size of the economy. The wheelchair 5,000 total market index climbed as high as $44.3 trillion on Tuesday while the latest estimate for the first quarter GDP is 22.1 trillion, putting the Buffett indicator

at 200%. That reading is well above the 187th reach in the second quarter of 2020 when the pandemic was on full swing, and GDP was 12% lower. The billionaire investor, Brooks Arhat, the way CEO added that the indicator hit a record high during the dot com bubble that should have been a very strong warning signal of the crash to come.

The yardstick also spiked and the lead up to the global financial crisis, making it a useful tool for anticipating market downturns. This is not looking good. If he's accurate, this is looking like market crashes coming. Tom, what are your thoughts on this? Here's my thoughts on this.

I don't care if it's Warren Buffett or Jimmy Buffett. If he's drunken Margaritaville right now, what about this country in the world right now, screams of stability, strength, and consistency? Do I think a market crash is coming? Hell, yes. Okay, I don't know when, I don't know why, I don't know how, and consistency. Do I think a market crash is coming? Hell, yes. Okay, I don't know when, I don't know why, I don't know how,

but do I think it'll eventually happen? I'm gonna go with a yes. How many people that are really, really successful in the market have to come out and say, this thing's about to crash before people start going, this thing's got to crash. What's his name from the big short? My, the doctor?

What's his name? No, no, no, no, what's his name? He kidded me if he followed this guy. Kai, what's his name from the big short? What's the doctor? What's his name? What's his name? Oh, he kidded me if we follow this guy. Kai, what's his name? Michael Barry? Yeah. Yeah, he said this three months ago. This is, look, what are we gonna do?

We're gonna go to negative interest rates? I mean, how much longer can the Fed keep blowing air in this balloon? Eventually, there has to be a correction. Eventually, we have to recognize, I mean, the White House is still trying to claim that we're 1% inflation. With 1% inflation, lumber, lumber is up 150%. People are buying houses at over market value because they don't think new houses are going to be built. This thing is coming and it's coming hard and heavy. This thing, now the big question I have, because this is something that's above my pay grade.

How do we insulate ourselves from it? I'm over leveraged in crypto as it is, way over leveraged in crypto, but how do we insulate ourselves? This thing is common. We could see it like a slow motion train wreck. It's happening right in front of us. How do we insulate ourselves? Here's a question for you.

Here's a question for you. What is the difference between a market crashing like it did in 08 and a market tank 38% right? I mean, it was a scary time when a market tank 30% to hold mortgage real estate bubble that we had or in late 90s when the tech bubble, the same thing happened, there's one in Silicon Valley. What is the difference between a market crash

and major hyperinflation? What's the difference? The time, the amount of time it takes to recover. So what is the difference? Let me ask the question one more time. So one is the market crash, which is meaning the Dow goes from whatever, what is it right now?

34,000 and change, 33,000 and change. So the Dow goes from 34,000 to 22,000. Versus the Dow stays 34,000, goes to 40,000. But inflation goes up 10%. What is the difference? I would guess a lot of wealthy people are gonna be less wealthy in a crash as opposed to inflation where it affects everybody day-to-day,

every my microeconomic explanation for you. Ebb and flows, markets can crash, and then they can rise. Inflation never goes back down. So the value will never come back. That's the point. So the point is, in a situation like this, either Buffett's gonna be right,

we're gonna have a major market crash crash or we're gonna have hyperinflation One of the two's gonna happen if it's high fun Just so you know if the market crash is look everybody loses money, okay But if there's hyperinflation guess what happens the rich get richer and the gap gets wide Why because the rich, they have more equity and the poor don't. The poor are day-to-day caching spending. So if it does happen that it is hyperinflation,

this means if you don't own assets that are not duplicatable, you're going to lose a lot. Pensioners really should be afraid. If you would pension. If you own assets that are not duplicatable, you're about to make a lot of money. So, but either way, it's very important to understand the difference between the two. Market crashes, one thing, inflation is another thing. Inflation may happen in some wealthy people, maybe sitting there saying, listen, I don't care,

my, you know, $10 million, you know, my $100 million real estate portfolio is now $150 million. Yeah. Pp can't afford it. I get it. It's expensive. I get it. But guess what? I'll take loans over.

But a person who doesn't own any assets, they're saying, I can't afford to pay $10 for this gas. I can't afford to pay $6 for this milk. So that's what we're going to, one of those two is going to happen. And I'm thinking the inflation is going to hit the poor and middle America way harder than it was. There'd be something more in the middle like a correction or a see going all out crash. I mean, there is a little bit of a difference there too.

We're going to have both happening at the same time. We are already in the beginning stages of inflation. Whether it's the hyperinflation, I hope that there's really, really smart people. I don't think both is going to happen. Do you mean to tell me you think the market's going to like, where's it going to crash? It's telling me where dials, can you pull up dial right now? How can they keep rates this low? No, I know that. But can you pull up dial right now? Pull up dial right now.

Okay, dial is 34,000, go to five year. Yeah, go to the five year, that was good. So five years what? I mean, just go to max, forget to go to max. Okay, if you go to max from 1986, okay. It was in 1981 to max from 1986. Okay. It's a 1981 993 1986 keep going slowly do exactly what you do and go slowly. Okay, when we hit 2000 go to two Okay, 2000 is what?

87 okay, when we hit 3000 go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go, go 14,000 what's the drop 6500 go to the low 6500 I remember that yeah okay now go keep going up keep going up keep going up keep going this entire time jarar just so you know we're printing money this entire time I don't know if you know that we keep printing money we keep printing money we keep printing money we keep printing the money keep going keep going keep going keep going keep going 128 months of economic expansion boom then COVID happens. It drops to what, 18th out. I think it's 18th out. If you get it right, we've had 6 trillion

since February of 2020. You're right. 6 trillion. What I'm trying to say to you is, I don't think the market's going to crash. I think inflation and interest rates are gonna hit the market when it does. To me, it is a form of a market crash,

but those who don't own assets that are not duplicatable are about to get destroyed. Yeah, gotta have a property. Well, you know the whole thing about Rich Get, Richa Poor Get Poor, Rich Get Poor. Guy asked me a question with Tom Chris. He got animated, he was upset. You rich people, he's don't know, you rich people.

This was in 2009, 2000, you you rich people you have all your money Probably an offshore cancel like I don't have I don't have any offshore They talking about those so you you rich people do this. I said what what you rich people Here's what rich people do look at the gap you cannot tell me this is not a Republican or Democratic thing It is a thing that's happening everybody agrees that rich keeps getting rich and poor gets it keeps getting poor Yes, because there's this thing called compound interest. If I'm making 12% a year or 10% a year and you keep wasting your money, making a half a percent on a saving account, you're right, you are never going to

confuse it. You're losing every single year. So you ought to study how to. So let's just say inflation happens. So now becomes the hedge. How do I hedge against the market crash? How do I hedge against the market crash? How do I hedge against the market crash? Gold. What other way? Property. What other way?

Ethereum. Ethereum. Okay. How do I hedge against the market crash? How do I hedge against the market crash? Depending on my age, depending on my age on where you are, maybe go look at the way your money's managed, how much equities do you have, how much bonds do you have, how much fix do you have, where's your money at based on your aid?

So you may want to have your portfolio. See, I'm a little afraid because my parents have been saving for retirement, saving, saving, saving, they've been all steer for years for retirement. And they're going to save a certain amount of money that they think is going to be good enough for them to live out the remainder of their life. And if inflation hits, that money's gonna be halved.

So, and they're not gonna have the wherewithal, and I don't want them to have the wherewithal, an ability to go out and be an earner into their 70s. That's not, I don't want that for my parents, but if they think that they're gonna save $5 million, and that's gonna hold them for the next 20 years, and that turns out to be essentially $2.5 million in equity, that's to be essentially two and a half million dollars in equity.

That's going to be, that's a pretty devastating thing. You know what we're learning today with the conditions that we have? It is so weird what we've done with print. This printing money thing is a new thing. This printing money is not like a, they robbed us. Yeah. They gave it to themselves. Yes, you're right.

They did. And by the way, even Stephen Stanley Druckenmiller, who's a 10 billion, you know, guy were 10 billion, we showed on on the last podcast, he says, you have no idea how much money I've made during this time. He says, they keep printing money, thinking the money flows through the poor and the middle America does. All the money flows all the way to the top.

It goes the way through. All I'm saying to you is, the form of a market crash, I think if it happens, it's subtle, it's not as big as people think, maybe a 20 to 30%, you know, there may be something like that, but that's gonna be a time this, not gonna last a long time. The inflation, if this happens,

if milk goes eight dollars, if you're buying gas, if gas goes to, I predict, gas gonna be five to 10 dollars, I predict, it's gonna go five to 10 to- $10 gas is nuts, but that's, but $10 gas is nothing to a person who has money. So I'm trying to tell you, 10 dollar gas.

So, so it's not a market crash. It's those who are not making the right decisions financially today. If somebody's listening to the center, saying, well, Pat, how do I, how do I fight against this? Here's what I will say. Whatever you're doing, the next couple of years, make money and figure out a way to buy some assets that

are not duplicatable. Give me an example of non-duplicatable assets. Can a person duplicate land? No. Okay. Can a person duplicate gold? Can a person duplicate Bitcoin? Can a person duplicate a Michael Jordan rookie card?

Can a person duplicate a Mickey Mouse? You know the Wayne Gretzky card, I sold? You know the Wayne Gretzky card. Did you hear about what happened with the Wayne Gretzky card? Well, it's sold again. That was not your card. Can a person duplicate a Mickey man? You know the Wayne Gretzky card I sold you know the Wayne Gretzky card. Did you hear about what happened with the Wayne Gretzky card? That was not your card. There was six months ago. There was the other guys cards. Don't want the one I sold it for $1.29 million. Okay. Six months ago there was two of those cards. I had the PSA 10. The other guy had the PSA 10. Mine was a little lesser quality than the other PSA 10. The people who knew the PSA 10. Mine was a little lesser quality than the other PSA 10. The people who knew, like there's three

miciminal cards right now that are PSA 10, right? 52 taps. The lowest quality PSA 10 because they gauge it based on when it was graded. So depending on when your card got graded, it's a more legitimate PSA 10. So that's how they gauge it. So if you got gauge a certain area,

well, they're we given away PSA 10. If you got gauge in a later era, well, they're not given away PSA 10. If you got gauged in a later era, they're not given away PSA 10. So the three numbers, I'm going to start going and packs a card like lottery ticket. Between 15 million to 30 million dollars, the difference between the three make you man of cards, between 15 million to 30 million dollars, the lowest PSA 10, the highest PSA 10, my make my Wayne Gretzky card, I sold six months ago for 1.29 million. It was a record.

Most expensive hockey card ever sold. The record got broken last week the card sold for three point five million dollars same exact card except owned by the other guy three and a half million dollars because you cannot duplicate a great success some socialists is listening to this in a Brooklyn cafe their blood is boiling all I'm saying to you right now is you have to take your finances very seriously. Market crash, fine. Inflation, scary. Incredibly scary if inflation takes place.

Well, look, this is reflecting Jimmy Carter's administration. Really? And inflation was never higher than then, and the exact same thing is probably going to happen. I mean, he's following the playbook of one of the least successful presidents we've ever had. Well done. And we're going to engage in proxy wars after the... You know what I want to call this lady? I want to call Luz. If you're on, I'm about to call

you Luz Acosta Pandolfi, who works with the Santas. Okay, she's saying the Santas is making some headwaves. I'm going to call this Luz, Luz, let's see if you're gonna pick up. If you're listening, we are about to call you live. She works with the Sanctus and she's saying that he is making some positive influence. Let's see, she works for the government of the state of Florida. Can you hear her or no? I did, in my headset.

Can you hear her or no? Okay, good, here we go. Hello. Luz, how are you? How are you? I'm very good. I'm very good. So, Lose, you are based out of Florida? Yes, I am Tallahassee Florida. Okay, very cool. I know what that is when Department of Insurance is also out of Tallahassee. I've been to Tallahassee a few times. Seminoles. Yes, all of our state agencies are housed here in Tallahapsi. I work for the Florida Department of Revenue.

So you work for the Florida Department of Revenue. Tell us what you think Governor DeSantis is doing. And I think a big part of this was after Gerard made a comment saying he feels a DeSantis, Talsi Gabbard, or DeSantis, mansion, you know, a mansion, a ticket could be a good one. And then I saw your comment come two minutes after he made that comment. So what are your thoughts about this sentence?

What can we know about him? Well, the simple fact is he's making common sense judgments. And for as much as you want to hate Republicans, and I'm not a Republican, I'm an independent. Okay. But I work with a lot of Democrats and they're following, oh, you know, probably because they're out to get us. They hate us and this and that.

And it's like, and white with Trump, they were just, oh, the census is just following Trump's quote tells. And I'm like, no, you have to look at policy. Stop looking at favoritism and look at what is being done. So let me ask you, do you like, do you like the census more than you like Trump? I can honestly tell you I like both.

Okay. I didn't vote for Trump in 2016. Interesting. Because I'm from New York. I lived in New York. Okay. I went to school there. Yeah.

And I knew how Trump was. And I was thinking, okay, Trump is gonna make a mockery of everything. The man is just about for himself and making a dollar. Yeah. He will sell us to the highest bidder. If he's president. Interesting. I can hear that sexy. I was thinking, okay, Trump is gonna make a mockery very thing. The man is just about for himself and making a dollar. Yeah. He will sell us to the highest bidder. If he's president.

Interesting. I can hear that, Sexy. Interesting. Yeah, I knew it. I knew it for the first, first words she said already. He's already flirting. I said, as long as she gets to stay focused, you lose. We want to get value from you.

Tell us, tell us what policies of dissensions is influencing the other side. I'm trying to get in with the government. The last few, especially the one that he most recently signed recently concerning the girls and same sex playing in sports, that has come, that has been a milestone in leaps and bounds in these last couple of days. In what way? Because a lot of people, even though they are liberal, they did agree that that is not fair.

Because boys, even if they change to be a girl They're still biologically a boy. They're going to be stronger and faster than a girl Biologically, do you know what she's talking about? Yeah, of course I don't know. I saw it in administration. So like technically I could without transitioning I could technically say that I was a woman and still have one year of eligibility left and go play softball against 17 year old girls tomorrow. You'd break every record. With a metal bat mind you.

So, I mean, it's insanity. Are you thinking about it? If it was money involved, I'd do it tomorrow. 200 foot fences, do you? Yeah. Yeah. So that was one of the most recent things that has a lot of people, you know, thinking twice. And it was one of the things that was happening, especially now when for re-election, I did vote for Trump.

Because in those first four years, he did change my mind. Huh, interesting. So you didn't in 16. You did in 2020. I was saying that. And now you're saying that if the Santa's ran, so you would much rather have the Santa's run in 2024 than Trump. that if the Santa's rent so you would much rather have the Santa's run in 2024 than Trump. I don't mind either one because Trump has shown a lot and he's proven me wrong in my original assessment of him. The only thing I can be like everyone else is delivery on saying things that was my main issue with him but it wasn't that he wasn't telling the truth. He was telling the truth. No, I just needlessly adversarial. Yeah.

Can help himself. Yeah, I would go with DeSantis. You would go with DeSantis. The less confrontational and better chance to align people. And you know, it follows that platform. Our Jimmy Carter turns it over to a strong governor from a big state. Ronald Reagan.

It's interesting that it's interesting that you said that the Democrats are being won over. Is there anything in particular that DeSantis is doing that's helping to bridge that gap? It's all the little things that he's doing, especially towards state employees with us because we just received an increase two years ago and before that it was seven years before that, we have the before that, you know, we have the union that comes hard at us. Oh, we need to stop this.

We need to stop that. However, I because I am considered an exempt employee, I'm not covered by the States, ask me union. I am technically what is considered. I work at the leisure of the governor. If my if budgeting cuts have so happened to happen, guess what, being that I'm a select exempt employee, minds could be one of the first positions to go.

Hey, I'm not essential too. Thanks. Yeah, awesome. I'm having a hard time. Lose, thank you so much for this. Appreciate you. Stay on with us. We appreciate your listening to the podcast.

Thank you. Love you guys. Keep doing a great job. Thank you. Bye bye bye. She said common sense. That's what we want. Real. Interesting. Info is taking place. She's working for the state. That's pretty weird to be working for the state. You're not making a lot of money, but you're seeing the different impact taking place. Very, very interesting. Yeah. Very. That was great to hear. Okay. All right. Sounds good. By the way, somebody said to your pad, when you go live, I do get your notifications, and I do see your podcast when it goes live. Guys, if you are, that's great. I suggest if you're listening to this and you want to be notified, the moment we're

going live, click also the notification button after you subscribe to your notified every time we go live on the podcast. Okay, next topic, Amazon backs marijuana legalization. Drops weed testing for some jobs. So Amazon, Amazon backs marijuana legalization drops, weed testing for some jobs. It's a Fox business story. Amazon set on Tuesday, it supports a proposed US legislation to legalize cannabis at the federal level

and would stop, would drop weed testing requirements for some recruitments. Amazon will also no longer screen as job applicants for marijuana use for any position, non-regulated by the Department of Transportation. Amazon's consumer boss, Dave Clark said, while many US states have legalized marijuana use employers, have so far largely refused to work with the industry as cannabis is still classified substance at the federal level. Amazon was hit with a proposed class action lawsuit, which claimed that the company was violating the New York City law by testing applicants for jobs

at local facilities for marijuana. The company does not allow marijuana, sales on its platform. I think yet, but I think it will very soon time. You know, this clearly speaks of one thing. Bezos and Lauren Sanchez are throwing some ragers and he's getting high and it's a bad look for the company.

If he's not pro marijuana, I mean, come on, we got this. We got this. We got divorce. You know, they have north of a million employees. You think they're going to be able to continue to grow if they're going to ban everybody that's smoked pot. Give me a break. I mean, that's going to slow down their growth.

So they had to do that. And plus we all know they're gearing up for the pharmaceutical. They're going to, I think what they do in pharmaceuticals is going to dwarf what they do with Amazon Prime video. I mean, this is just right for them to destroy. Clearly, there's a market in CBD. They're going to be doing that. And they're all in on getting it legalized federally. And if Amazon is behind it, it's getting done. They didn't want a union in Alabama. It didn't happen. What they want they get done over. They're going to be selling it within a year. I think selling it within a year. Some version of it. Something we're going to see some real legitimacy with the pharmaceuticals. The CBB already on Amazon. Absolutely. I think, look again,

what pisses me off, and I got to be honest, it really does tick me off, is we are going to be able to buy weed that's delivered to you via a drone before we let people out of prison who are in jail for selling a leaf. And that bothers me to no end. It bothers me to no end that Kamala Harris in particular has put, I think Pat, you told me it was 1400 people in jail for minor marijuana offenses. And she has the balls to own stock in marijuana companies.

Can you imagine the balls on this woman to put people in jail for weed and then be a part owner in a weed company? So look, I think, look, this is a free market thing. I love it. I think you should be able to buy weed. I think you should be able to buy mushrooms. I think you should be able to buy LSD.

Whatever you want, whatever consenting adult wants to do in there free time, they should be allowed to do it. And you know what, if I can have a drone, deliver it to me, even better, even better, man, deliver me my Cheetos, my weed, straight into my room, I don't need to leave, I'm a happy camper, okay? But I cannot live in a society where my fat ass

can be sitting on a couch eating Cheetos and smoking a ball while somebody is in jail for 30 years for for trying to provide me with that happiness. It's nonsensical that we are still doing this. Put get let these people out of jail tomorrow. Let them out of jail today. If Amazon is able to sell weed and you have people in jail for selling weed, we have a morally corrupt society. I'm sorry that that's just that to me is one of these things. It's just it's a wrong that we have to write Be nice that they could yeah I did this last time I was on to I left the room with awkward silence. I'm sorry. Let me tell a joke

Anybody in prison for selling weed. I do okay. Oh, I would say I know people that went to prison for selling weed and it A revoc will be changed their life for the worst we don't and that's the other thing about not to get on a big volume of weed on Yeah, but I mean but weed is also other things right like I mean you get you do weed you do this you do that like You know whatever I mean When they were rehabilitated they were never anything but an ex felon either. So it would have revocally changed their life for the worst. And again, we're looking at it now that this is like a fortune,

a fortune five company is selling this stuff, you know, but, you know, Tom from the Jersey Shore goes to jail. And then you have, now even more, if you want to talk about a real guy, Russ Ulbrich. Russ Ulbrich is gonna spend the rest of his life in jail for having the Silk Road, which essentially was the dark web Amazon for drugs. And now Amazon is going to sell drugs. So again, we have a morally corrupt society. I think they're

going to open up pharmacies inside whole foods too. I think they should. Look, you're consenting adults. And also the whole idea of you have to drug test your employees, it says more about your management that they can't tell when their employees are messed up, that they have to go drug test. I remember being in the minor leagues, man, I remember being in the minor leagues and weed was illegal, but we could take as many percuss sets as we want. The tour at the hall was fine. We could get a shot in our honor that made our body go numb and then you'd go play. And now guys would play and they pictures specifically, they would turn their bodies in the chemistry sets

that once every five days they can go out and throw 95 miles an hour tear everything in their arm, they wouldn't be able to wash their hair after the game. It would take the three days to lift their arm up, pop a couple perks and get back out there and do it again. Now you do that for five or six years and then the team decides they don't want you anymore.

Hey, thanks for your service, bud, and they cut you and now you got to go be a gym teacher somewhere Or or gas station attendant and you don't get to tell your body. Hey, I don't need 30 perks this week And now they're they're addicted to painkillers and the next thing you know that that's this is who their life is now I'm not saying that weed is great and people should I don't even smoke weed to be honest with you I'm joking. I don't even smoke weed. I don't like who I am on weed. I don't need anything to help me be fat, lazy and hungry. I got that covered. Okay. So that I'm good at came naturally.

This came with the GI joke to Kung Fu gift with that. Yeah. Yeah. But the shake what your mama gave you. But I'll tell you what. I'll tell you what. When my body was hurting, my body was hurting and I was playing ball. You can give me some celibrexet and a perk reset

and I'd be zoomed zoom and then a perk would make me a little loopy. So I'd take an aderol to get back on. And I never once thought I was taking drugs. I thought I was playing the game. I thought I was doing what I had to do to win. But that's a party. I got a celibrex to perk reset and an aderol.

And those are also a way more addictive than marijuana by the way. That's what I'm saying. And you know, the sad thing is NFL players, I can't monitor or regulate their pain. Imagine that. You know, with marijuana, which would help them. You know what we did?

We drank ourselves asleep. So all I'm saying is that this is an antiquated model. It's an antiquated model. A lot of it comes from robber barons who owned certain industries and use lobbying to not have those industries be competed against. both alcohol and believe it or not timber There was a big reason that marijuana was illegal in the first place is I don't want to get this wrong But I believe it was Rockefeller owned millions of acres of wood and hemp actually was a better source for pulp for paper And he wanted hemp illegal so that they had to use his wood for paper in every school in America instead of the hemp pulp.

Somebody has to look that up, but yeah. Yeah, I, you know, you know, one time I sat down with Oscar Goodman, I don't know if you know Oscar Goodman. He's from Maravagus. That was a great time, Maravagus, and then his wife's now been the two time Maravagus. So for the last 20 years, the Goodman's have been running Vegas.

It's a better call Saul. And he was in a movie casino. He was in a movie casino representing, when the whole thing was taking place, Sharon Stone, all those guys were at his house and we're putting parties together. And he told me, he said, I said, so what do you think about drugs?

He says, anybody wants to use it, use it. How about prostitution? Do it, it's your body. How about this? How about stealing? Nope, if you're gonna steal from me, we should cut your thumb up. That's a cut your thumb up.

Yes, because you're taking something that's nice. I think what is happening in it? Do no harm. What is happening naturally? Libertarian philosophies are creating so much momentum. Hey. Naturally, the only challenges. Freedom wins.

The only challenges there's never been a libertarian candidate worth promoting that knows how to inspire and convert mindset. It's such a simple, logical concept to sell to people. They've not had a good crusader yet and hopefully they'll find somebody that'll be able to do it. Let's go to the story, the Fauci story. Our society is really totally nuts.

Fauci wrote, and emails now made public USA Today's story. Email sent by Dr. Anthony Fauci, and the early days of the pandemic reflect the thoughts of a patient, but wary man who is flabbergasted by his overnight, celebrity. Hundreds of emails were obtained by the Washington Post and other organizations through Freedom of Information Act's request.

Fauci responds to hundreds of interrogators. Many he doesn't know, often in depth answers. Fauci also corresponded on multiple occasions with George Gowatop, Infectious Disease, official in China, Gowcent, an encouraging note when Fauci was being blasted by Trump's supporters who blamed him for supporting social distancing rules

that closed schools, tanked the economy, and threatened Trump's reelection prospects. Thank you for your kind note, Fauci replied three days later, all as well, despite some crazy people in this world. Fauci marveled at an April 2020 story titled Cuomo Crush and Fauci Fever sexual sexualization of these men is a real thing. On the internet, Fauci forwarded the email to someone whose identity was redacted, urging the person to click on the link. It will blow your mind. Fauci wrote, our society societies really totally nuts.

It continues. Now the story by Business Insider, a leading scientist said the world needs to understand the origins of COVID-19 to prevent COVID-19. Okay, this goes into a different email. I'll stop right here. Go with the email. So tell me, Fauci emails. What are your thoughts, Jard?

You can go first. Try to hold it together by the way. Oh, man. Bro, first of all, whoever wrote that glowing review, I was watching CNN last night because I hate myself. And I, they were like, this meant those emails showcase the one, the one honest man in a dishonest organization. I was like, you, I'm, I stuff that's gonna get you kicked off YouTube, bro, I gotta comment down for just a second, dude.

I got kicked off a Facebook. I got kicked off. I got demonetized, 120,000 plus followers. I had built this thing over years, national tours. I had all my videos, I was selling my tours, and Facebook, I woke up one day, and they just said, that's it. You have restricted access, restricted reach.

My videos used to, like I used to put out a video, and then no matter how bad the video was, I can count on 100,000 views, fine, whatever. Now I'll put out a video if I get 10,000 views, it's a good video. Right, like I had 15 videos get over a million views. Now if I get a video, it gets over 10,000, it's a big, big thing.

Facebook just turned me off. They turned this big it off. And the money I made went away. And you know what I did for them to do that? I shared an article from the XCDC director who said that it's very likely that this disease came from the Wuhan lab. Now, I had been skeptical, in fairness, I had been skeptical of everything I had been told from the beginning. I was very, very, very cautious when this first happened. But then after two months, it really took me two months to be like, man, there's something real weird about this.

Was everything that they described that there's, you know, anybody who, if you don't wear a mask, if you're in a closed air circuit area, if you're not wearing gloves, you know, this, you're, you're an extreme danger. My first thought was growing up in New York, man, I'm like, you know, a homeless or dead. There's going to be homeless piling up in the streets. This is going to be a nightmare. My God, these people sleep on the subways on top of each other. They live in squalor, they eat food out of the garbage. These people are going to be dead. And then when they weren't and everybody was

inside and it was like, you know, the homeless came out like deer in the middle of the night. And then I'm like, then these people are fine. It was something where something's not being told. And then they started with this mask. And the mask stuff, as if this was like a hazmat suit. And now I've worked construction. Anybody who's ever drywalled, anybody who's ever sanded in one of those masks knows when they take that mask off and their mouth has completely full of particles

that that's BS. Anybody who's ever farted through underwear and jeans and still smelted knows it's BS. The fabric isn't doing nothing. you're smelling that methane then a virus can get through that mask They placebo us and you're looking at this emails and they're trying to cover this stuff up as if oh well You know he did he told the mask cuz we didn't have enough mass. No, that's not the story What's interesting about the charard? Here's what's interesting about the story It's interesting because just a week and a half ago, he said it could be man-made, then

the emails were released. So why did he say a week and a half ago, it could be man-made, then the emails were released? Freedom of information, actually. Did he say it could be man-made before the emails being released because he wanted to make sure he said that before it was released? Did you see what the very first email he sent was which one this was in January 31st okay this this man doesn't just need jail he needs to be expatriated we need to slingshot this dude over to Beijing they can have this much but first

thing that he did was he found out that it was that this virus the one percent of it is going to show that it was man made and the first thing He did is call his assistant and call his major donor and make sure that we are not doing gain of function research in Wuhan Anymore, right? That was the first thing that he did and then he goes for months and months and months acting like he doesn't Know what this virus is and where it came from when it was the NIH, his place that paid for the research at the lab for this gain of function. The very first question he asked was is it gain of function? Then he goes before the Senate and Rand Paul specifically asked him, Rand Paul who's a doctor

mind you, he's a doctor, not a lawyer, a doctor. He asked him, he's like, are you doing gain of function? No, I'm not doing gain of function. Is this guy who you are in contact to doing gain of function? And Fouchy does that, that, that, that's smirk that, if he does gain a function? No, I'm not doing gain a function is this guy who you're in contact to doing gain a function and Fouchy does that that that that's smirk that if he does gain a function He's doing it within the rule dude. He knew from the get he knew from the jump exactly what this was and Exactly what it meant and he lied to us from the beginning this man needs to be this man needs to be expatriated This guy stole two years of our lives two years of our lives. He stole it from the beginning. This man needs to be, this man needs to be expatriated.

This guy stole two years of our lives. Two years of our lives, he stole it. And I thought I didn't like Fauci. No. No. You know what, Candace Owens says that he should go to prison. I mean, that's a pretty strong statement.

You know, here's my thing. Anybody that is out there and it is intuitive, you saw what I saw. And here's the first thing I saw about Foussey. He's a weasel, okay? That's the first thing I thought. The flip-flopping, he's weak, he's affected. And it just comes across in all his press conferences.

He's the highest paid employee, like we've talked about, there needs to be a federal investigation into this. This is serious. I mean, if China got away with this and he's having emails with them saying, we're gonna get through this together. I mean, he's literally saying this, like with them saying, we're going to get through this together. I mean, he's literally saying this, like there are ally.

He just doesn't get it. And I'm saying his age is a factor. He's 80 years old. He's 30 years past his prime. He needed to go a long time ago, but here, you know, this is going to sound funny and like I'm making fun of it, but he literally has one function. He is the mascot of the coronavirus. They put him in front of it, like a little dancing clown,

and he's the little happy, terrific little... This guy right here, that is Fauci. He is the mascot for the coronavirus, cheerleader, wear your mask, don't wear your mask. You know, I even invented the Fauci dance. Two minutes, no.

So I show him the Fauci dance. Pat, you want to see this? This is the Fauci dance. That is the Fauci dance pat you want to see this? This is the Fauci dance That is the That's so impressive. You know he should be like the Phoenix Suns gorilla and every the fully fanatic he should go to Disneyland You talk about mascots and you talk about theater Tom every every jerk on Twitter every single person in Brooklyn, Jersey That's that was every Karen that was Create trust the science trust the science trust the science. There you go. This is it trust your science. You blindly

These people in this freaking obedience cut the cult who who who blindly trust the science. This is what you get This is the science that you blindly trusted, and you bullied everybody into trusting as well. This is nonsense, and he deserves to be held accountable. And jail is not too far. That's not my point. Let me, he's not cut out for this position. He should have been gone a long time. I don't know, I don't know.

I don't know. I don't know if he's a part of that. Let me tell you how, let me tell you how loyalty is created. Loyalty is created during tough times and how you treat somebody during tough times, right? Meaning when everything is good, it's like, ah, yeah, everything is good and then all of a sudden somebody's going through

some stuff like, hey, man, you know, distance yourself from that individual, right? Okay, what am I going with this? Just a year ago, who was the next democratic presidential leading candidate in America a year ago? Como he was the biggest celebrity his book deal made him five million dollars. He won an Emmy Every day we heard Como right

What happened three four months ago all of a sudden all of a sudden three four months ago Story started coming out where Schumer didn't like him. You know, not didn't like him. They wanted all the stories with me two movements. You know, you had the- All the women coming out of the story. All the women coming out of the story. AOC, everybody, all of a sudden,

distance themselves from who. Well, turned out as policies ended up killing more people than saying- Well, sure, but I mean, you're right, but there's a big difference between a Cuomo and a Fauci. Here's where I'm going with this. Here's what could potentially happen with Fauci. Fauci, within the next six months, if any of these stories get the kind of credibility

that they get and create momentum, watch how quickly everybody on the left is gonna turn against this guy. Watch how quickly this guy the left is going to turn against this guy. Watch how quickly this guy is going to be on an island all by himself. Here's what you have to think. Go to Fauci in his bedroom. It's 11.30. He's sleeping at night.

Do you think he stays up that late? That 100%. I think right now he is. Imagine it's 11 o'clock at night and he's sitting in his office or he's done watching the news by himself. Why if everybody's asleep, he's by himself, right? What's he thinking right now? Who's he talking to right now?

He's feeling a criminal. Who is he feeling supports him right now? Who has his back right now? Is he sitting there saying the media has his back right now? Maybe. Is he sitting there saying, you know, Biden Pelosi, those guys have his back right now? I don't know. As he's sitting there saying, China has his back,

and IH has his back, CDC has his back. Who? Bill Gates, how many emails were Bill Gates? How many of these? Bill Gates. Bill Gates, Zuckerberg. 24. Communicating with Zuckerberg, Bill Gates.

Who has his back right now? Who is back in him up right now? Look, how many things were considered a conspiracy theory? Let's go through them. One, it was what? It was man-made. That was one of them, right? That was one of the things that...

That was a conspiracy theory. But a Chinese guy eating a penguin wasn't. We were supposed to buy that. So, but that's one. The other one was hydroxy. Chloric... Quinn was what? No, it doesn't work.

Right? And so, a part of the email maybe gives a hint that maybe it does work. Right. Hey, maybe it does have come some kind of positive effects. You know, face masks don't work. They do work double masking. It doesn't work. It does work. Okay. We have to figure that out. Lockdown was necessary. What's it necessary? We really need to do a lockdown closing the schools. Yeah, school. All of this stuff that you sit there and you look at, those things have to be investigated. Have to.

Simple as that. They have to be investigated. They have to be investigated. But I will tell you, like this, he will be dropped. Like this. It will be. Remember, Komi was a hero. He went up there and he's doing this.

He's doing that. He's doing this. And then the one time, right before the election, Komi said, what? There's very likely that Hillary Clintonary clinton's emails and then he flipped yeah he flipped and then that hurt hillary's election chances no i don't know if you remember this or not this right here the election comi was their hero what we have to listen to him because he is the fby director you know we have to listen what he has to say

then the moment he flipped all of a sudden where's his credibility credibility? Who is he? Well, this is not fair. He shouldn't be saying these kinds of things two weeks before the election. Fauci, Komi, similar camps, different areas of the camp. And like this, he'll be all by himself on an island. Yes, within probably a couple of weeks. I think it's gonna go quick.

Yeah. And I think if you all of a sudden start seeing additional stories, my stories that could go back to AIDS, stories that could go back 40 or stories that could go back to women, stories that could go back, the degree he got, stories that could go back, he was never really a valid dictator. And it's like, just nonsense stories like that, it could come out. You already kind of know what's going to happen right after that.

Go ahead. My family are Democrats. My sister in particular is a pretty staunch Democrat, right? And this was my message to her, because she's actually speaking of, if anything good has come out of the last two years, they're a little more open to getting off that left hard line.

They're a little more open to taking in some new information, okay? And as a libertarian, I've been ripping Republicans for years. And I marched against Bush and Cheney in college. I was anti-war. I was, I still am, anti-blood for oil. And then I said, I told her, I was like,

Bush and Cheney are stumping for Biden now. That should be pause for reflection for you, okay? And it was, in fairness to her, it was. One thing to take away from this, and it's a very good point you just made Patrick, is that they're dumping these guys because they are liars. We are in the age of accountability, like I said before, Democrats, if you're listening to this, okay, you are America's gas pedal. Republicans are America's break.

We need both the gas pedal. We need both the break. We need you just as much as we need de Santis, but we need you to stop giving your side a break. You give these people a free pass all the time. There is never any accountability in your camp. Please, for the love of all that is holy, if you are listening to this, stop with the hero worship, stop with the cult of personality, dump these people, dump them. If they're wrong, they're wrong. Bill Marr to his credit, who I disagree with politically, he has already jumped off the Fauci bandwagon. It's been a month already. Guys, if they are wrong, they bankrupted your neighbor.

They convinced you that everybody that you interacted with was a threat to your health. They convinced you to view your fellow man as a threat. They put people, they locked people in their homes, bankrupted them, killed them. How many people with addiction? How many people with anxiety, suicidal thoughts that they locked in a room to serve their political ambitions? Guys, you gotta hold these people accountable. This can't be a trouble. I mean, here's what's gonna happen. I think as we age, we reason better, and hope I bank on a small percentage of people to say, hey, what the hell is really going on?

I'm getting a lot of people right now that are contacting me saying, look, I'm a Republican who questioned Trump. I'm a Democrat who questioned my side. There's a lot of weird things going on right now. I just much rather find that exactly what's going on. I just want the truth. Not everybody wants the truth, Gerard. You have to realize there's a lot of weird things going on right now. I just much rather find that exactly what's going on. I just want the truth. Not everybody wants the truth, Gerard. You have to realize there's a lot of people that don't want to do. There's a lot of people that would

much rather just live a regular life. Don't tell me everything that's going on. Let me just go about my side. There's a very small community of people that are actually going to adjust. Very small. The percentage is not as big as you think. It's a 5 to 10%. It's a small margin of people that are going to sit there and say, you know what, you're right, I'm gonna go investigate a little bit more. Let's see what's gonna be taking place. And I think the next three, six months, believe it or not, I think things are gonna move very, very quickly.

And we will learn a lot about what happened. Couple of things you, I do wanna respond. A person here asked a question. I think I wanna go a little bit into this. First of all, Ben Bost just gave 10 bucks and he said, this morning has been a rough morning. My wife's got father passed away in the middle of the night but listening to this podcast always lifts us up.

Thank you, PBD, Ben. God bless you. God bless you, sorry for your loss. You'll get 10 times a 10 bucks. Send us a 10 text to 310-340-113-2, 310-340-1132. We310-340-1132. We'll get that back over to your condolences, goes out to you and your family.

Somebody asked a question and said, Pat, what happens if the market crash are cards and collectible still gonna be doing good? Let's talk about that. Let's talk about how the one question that we didn't go into too deep with was the following. It was, how do you hedge against a market crash? How do you hedge against an inflation? How do you hedge against something

happened to market? Because right now, a lot of people are wondering. He said, what happens if the market crashes? You think the value of cards are still going to go up? It's a good question. It's a good question. So let's process it. Okay. So, if there is only one of this drink, there's only one of this, okay? One, there's only one in the world. Market crashes, is it still only one of this in the world in a market crash? Yes, yes.

Is it, if the market goes up, is it still only one in the world of this drink here? If there's only one, is it still valuable during a market crash or market exploding? Yes or no, in a bubble? It's valuable in both. The only difference is the amount of money out there of people who are willing to overpay for this.

But regardless, it's still extremely valuable because it's what? It's very rare, right? It's just, you have to understand that part. You don't have to worry because there's rarely in it. Okay. As a person in a marketplace, like today, let's just say we're doing a podcast.

How many people are we competing into a podcast world? Millions. I mean, there's a million podcasts. I don't even know if it's bad thing, there's probably millions of podcasts. Try to call them the name for a podcast. Yes, the point I'm trying to say

with a podcast, there's a lot of podcasts out there. Okay, so let's just say all of a sudden, everybody goes into the podcast frenzy and they create a ton of podcasts, right? When the market is booming with podcasts, right? How many views are there in the world? Let's pick in the US, 330 million. Yeah. If there's more podcasts today than ever before, are you going to lose a little bit of viewership on podcasts? Sure. Maybe. But if your content is unique, it's valuable, it's consistent, eventually what happens a year, two years, three, five years, separation.

Eventually people say, you know what? These guys are most legit. I'm gonna go listen to this podcast. That you may not get the answer for a year or two. So what's the moral of the story here? Is a rookie card of a Michael Jordan PSA 10 gonna be worth as much in a market crash as it is today. Value, yes, dollar amount, no.

Dollar amount is going to just, but the need and the demand, the people wanting it, it's still gonna be high. So, again, my entire focus right now, when I buy stuff, I buy one of ones. When I buy stuff, I look at how many things are out there. A Ferrari, La Ferrari right now, if you want to buy. Okay, if you want to buy La Ferrari right now,

you'll pay around $3.4 million. Why? Because it's numbered. You know, if you buy an Ariton center, if you buy a Senna McLaren right now, you're gonna spend 1.2 million. Why? Because it's numbered. If you buy a Ducati Lamborghini right now, it's expensive. Why?

Because it just came out and it's what, it's numbered. Anything that's numbered, gold is numbered. So, again, if people are listening to this, you truly have to take your finances extremely seriously today, go sit down with an expert and ask what the hell is going to happen? If the market crashes, how do I hedge against that? And what the hell am I going to do if there's inflation? how do I hedge against that? And what the hell am I going to do if there's inflation? How do I hedge against that? Sitting on the sidelines going the same way you've been going for the last 5, 10, 15, 20 years, it is not a winning formula today. Times are changing and we have to adjust at the same time as well. Do you think NFTs could have that in the digital world? Is that long term? Yes, short term. No, I think NFTs are too volatile short term.

Long term? Yes, because why yes? Because's 14 year olds are teaching the 45 year olds Today's 16 year olds are saying I want to go to a virtual museum. I don't want to go to a museum in France. I don't want to go to Italy. I want to go to a virtual museum. Hey, you know what in my mind? I can live in a Mass of 30,000 square foot castle in real life I can't live in a big castle, but I can buy a virtual castle and have a virtual girlfriend, have a virtual friendship,

and I can have a virtual relationship, I can play virtual, in my virtual world, you're right. You're right. I can be LeBron James. You're right, and that's saddening me in the same year. You can also have a virtual statue. That'll cost you 20 grand. The point is call back. So NFT is not going away.

As much as people don't understand it, we're going virtual. And it's just gonna take place. When VR comes out, watch what's gonna happen to dating scenes, when VR comes out, which woman in the world is gonna be able to please you as good as somebody in a VR? Which man in real life is gonna please you?

Just think about the imagination part. This is like a demolition man. Have you ever seen demolition man? This is demolition man. No, that's a, that's a name. So that's just alone. Not just of us, there's someone. And there's another guy.

Yeah, demolition man and. That's nice. You know, Sandra Hurt. Those two movies combined together. So we're going in that direction. So it's your imagination is gonna be it But focus on banking on things that are one-off a book. Let's just say for example You have an old-school book of give me a famous book from the 40s give me a get a third school book

Fahrenheit 450 kilo-mocking bird something okay 1984 let's just say okay, so if you want a original First edition first print first, everything high quality, guess what? That book is going to be worth a lot of money. So if you own one of those, keep it. That's going to go up in the next 10, 20 years because there aren't many of those out there. So it's like a high level arbitrage market.

Is that right? Let me put it to you this way. This game of having one-offs or numbered items go use your imagination right now go think about what's numbered anything that's not yeah you're gonna have 50,000 people going to to thrish shops and antique stores all across the layer. I'm looking at numbered numbered shoes numbered anything numbered watches numbered anything that's numbered anything that's limited anything that cannot be duplicated anything that can be reprinted fiat currency is not high quality now if you own a five thousand dollar currency which there's only a limited amount I don't

even think it's illegal for you to have a ten thousand dollar currency the ten thousand dollar currency if you have it it's illegal by the way the government confiscated all of them is that right yeah it is I think it's the $10,000 currency, if you have it, it's illegal by the wall. The government confiscated all of them. Is that right? Yeah, it is. I think it's the $10,000 or the $5,000, but if you want a $5,000 currency, it ain't $5,000, that's a 20, 30, 40,000. Yeah, yeah.

That's like the 19, the 19, 15, 10,000. That's a number. So that's a number. Like, you know how they do these? Hey, uncirculated nickels, okay, of 1988, and you're gonna get $500 of them. Okay, yes, there's some value to that that's gonna go up. So anything that's numbered,

pay very, very close attention to it. And this is not just baseball cars, this is art, this is real estate, this is a lot of different things. So one of the ways to hedge against inflation and the market crash, you're very bullish on the collectibles market. I'm bullish on anything that cannot be duplicated. Think about like, you build a structure,

you build a nice house, and let's just say it was built on 03 and in 03 people like the Spanish style house, and it's the yellow color and the tank color, the that style, what is the value of that? Nothing. Nothing. Done. You got to pay to get it redone.

Done, because someone's going to come in, they're going to rebuild, but what didn't lose the value? The land. So land cannot be duplicated. Structure can be duplicated. So there are certain things that you have to know is not going away. Anything that cannot be duplicated, that's going to increase in value over the next 5,

10, and not just over the next 5, 10, 15 years. Forever. It's always going to gain value. You know the grisky card that sold for three and a half million dollars, you're gonna give you a prediction, that card's gonna sell for $50 million. Wow, five, zero?

Oh yeah, but it could sell for $50 million, 10 years from now, 20 years from now, 30, but it's going to, why? There's only two of them at PSA. That's what I mean by that. So anything you're doing, pay attention to that. You have to hedge today. You have to hedge today. People have to hedge today.

There's a lot of craziness going on. People are worried about market crash. I'm worried about hyperinflation. And that inflation is coming. That's the one part that you can't, like, you know how people keep saying, I have a lot of videos on market crash. Eight signs to prepare for market crash.

Ten signs market crash is coming. All these other things that we talk about market crash. A form of a market crash is massive, massive inflation, hyperinflation, but that doesn't mean that was gonna drop. It's quiet. People have to understand there's a big difference. You think the Republicans are relying on that

and knowing that this could correct itself, with the house in a couple of years, that if inflation does hit in a big way, that is automatically gonna happen. Well, you guys, you think that can be part of years that if inflation does hit in a big way, that it's automatically going to happen. Well, you guys, you think that can be part of their strategy? Are they smart enough to forward think and see that it's coming? You guys are a little older than me. You lived the, like, I was born in 8086. So you guys, you live through Carter in transitioning into Reagan, right?

No, I don't remember it. I don't remember. I was alive. Yeah, yeah. Sure. Well, I'm just wondering because I mean, like you said, we're kind of mirroring that. 16% inflation. It's 16%. You got CDs that was given you 16% in 1979, 1980, 1981. Yeah. I mean, that's insane to be thinking about that.

But at the same time, if you got a loan, you were paying 18% loan. You got a million dollar loan. You're paying 18% interest on a home on a home Home that's insane so when that so so people have to understand when that comes This is all you have to think about the simple ways to break down the map Say that was 40,000 So the the market's gonna be able to the politicians are gonna be able to say what under my Administration the Dow went up 30% you know, it's not that kind of stuff, right?

So that's marketable. But what people are not gonna realize is, under the last seven years, my monthly expenses went from $2,400 to $4,200. That's life-changing. Your dollars worth one-sixth of what it was. That's scary. That's scary.

And that's coming. There's nothing you can do about that. That's inevitable. That is coming. You can say whatever you want to say That part 100% is coming a hundred percent that part is just to it, too I mean a hundred years ago slice of pizza was ten cents. Yes, I mean we do adjust but people people people who are not Prepared like anything else in life if you're not prepared for it You're gonna take a message are wages gonna be able to keep up with inflation? Do you think? The the the are wages gonna be able to keep up with inflation, do you think? The, the, the, our wages gonna be able to keep up

with inflation. Yes. Yes and no, because it's still gonna go down to being specialized. If you don't have a specialized skill, you're still gonna take a massive hit. If you don't have a specialized skill, or you're on a contract like teachers.

If you don't have a specialized skill, and there's a ton of you doing what you're doing, yes. Now, what jobs are taken off right now? Look at the number one job right now that kids are going to college. Parents, if you have a conversation with your kids and your kids want to know what to do, you know how parents typically say, what, go be a doctor, go be a lawyer, go for your software engineer, cyber security. Oh, yeah. They couldn't hire you fast enough.

Cyber security today is on. They're all you graduate from school with a cybersecurity degree they're overpaying for it right now. Like hey what do you want? I want 120,000 dollars. Here you go. You'd have 50 offers. There's the first day. It's insane right now for cyber security. It's insane right now for predictive analytics. It's insane right now for you know, uh, uh, engineer. It's you know, it's certain things you're going through right now. So if you have a specialized skill, you're going to fine, but if you don't the next five ten years Hurry up and go increase your value in a market that's a hedge as well

That's a head right now. Up and increase your market value today hurry up increase your market value inflation is coming Guaranteed it's coming anyways, okayank really enjoyed doing this podcast here with you guys. If you enjoyed it, smash that subscribe button and smash the thumbs up. And we will not be doing podcasts next week, but we will be coming back next Tuesday. So whatever the follow on Tuesday is, I don't know the exact date, we'll be back.

I think it's 15. It's the 15, we'll be back Tuesday. Same time on the podcast having said that Have a wonderful weekend everybody enjoy all the madness and the media the next week or so because we're not gonna be with you Take everybody. Bye bye. Bye. Bye. Bye. Bye