PBD Podcast - Reaction To Trump Announcing 2024 Run | PBD Podcast | Ep. 205

Episode Date: November 18, 2022

In this action-packed episode, Patrick Bet-David is joined by Tom Ellsworth, Adam Sosnick & Vincent Oshana to discuss Donald Trump running for President in 2024, the current state of the housing m...arket, people not tipping their servers and the protests in Iran. TOPICS Reaction to U.S. household debt soaring the fastest it has in 15 years Why homeowners are using H.E.L.O.C.S as a financial safety net Target lost $400 Million due to organized crime in 2022 The average American family has $100,000 in debt Reaction to a national Adderal shortage Americans are no longer tipping 20% Reaction to Donald Trump’s 2024 announcement speech Does Donald Trump have a 'victim mindset'? Vegas odd on 2024 presidential race Reaction to Iran's decision to execute 15,000 protestors Text: PODCAST to 310.340.1132 to get added to the distribution list Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Transcript
Discussion (0)
Starting point is 00:00:00 I know this life meant for me. Yeah, why would you plan on the life when we got that data value came in giving values contagious this world on yourpreneurs we can't no value that hate is how they run homie look what I've become. I'm the one. I like that. I like that. I like that.
Starting point is 00:00:24 I like that. Okay, we are back episode number two oh five home team Adams back from Dallas. I'm back from DC Thomas back from Boyton Beach and Vinnie is back from From my rack. Yes anyways, how is your trip? DC? Yeah, it's good. A lot of people weren't masks. I don't know why I say regular people weren't You see, it's good, a lot of people weren't masks. I don't know why. Regular people weren't masks. Outside, weren't masks. Stop it. I'm telling you, you're short-stopped.
Starting point is 00:00:47 Hold on, they're doing very well. I'm with T. Crenn, I'm with T. Crenn, people wore masks in DC. It's very surprised. Let me tell you something, I was in Dallas, buddy. If you were a man, they shot you, right? That's right, it's a different story. In the face.
Starting point is 00:00:58 So a lot's happened that we got to talk. We got a lot of things to talk about. Trump gave us speech, okay? So we got some commentary on that. I know Vin, you watched the whole thing. Tom, you got some opinions at him. You got some entitled. He's got some as well. There's mixed reviews about his speech.
Starting point is 00:01:12 There's a lot going on there. There's Ivanka, you know, the next day making her announcement, who was there, who wasn't there, was Kushner there, was the sun there, Matt Gaetz last minute, you know, bailed out. I can't do weather's bad. There's just a lot of the New York Post went after Trump trying to troll him, you know, DeSantis was asked about it, he gave his commentary,
Starting point is 00:01:31 telling everybody to shell out a little bit and just relax instead of asking me these questions. But we got some to cover over there. FBI Director, very interesting, you will see I first announced FBI Director talking about TikTok, they're concerned, that could benefit Twitter long term, by the way. Elon Musk says in court, he doesn't want to be CEO of any company.
Starting point is 00:01:50 And then we have a bunch of stats that Tom's got to share with us here. US household debt in Q3 sword, 351 billion dollars. I think we got 16 and a half trillion dollars in debt, credit card debt. I believe a lot of Americans are no longer tipping 20% and inflation may be the one to blame That's a market watch story get ready for the most expensive Thanksgiving ever Most homeowners using helox as financial safety net UK inflation hits a 41-year high 11.1%
Starting point is 00:02:23 Billions of dollars seem to have disappeared from this collapse of f. t. x. and by the way the guy still not stopping to trope people he keeps trolling over and over on twitter and he's been arrogant about it very interesting character this guy said that yeah very very interesting guy more than a million credit is could be affected by an f t. x bailout uh... fall out
Starting point is 00:02:44 poland says missile christ missile strike near Ukraine border was likely an accident caused by misfiring. Ukraine, a Ukrainian air defense, even though Zelensky came out immediately, blame in Russia. White House Congress for $37 billion more Ukraine ad in horrific move Iran's parliament votes to execute. This is, this is a, you would think this is not a true story But it's a story by Reuters and many in a horrific move Iran's parliament votes to execute 15,000 protesters to teach hard lessons We'll get into that McConnell win senate leadership Michelle Obama may be running. This is a CNS story
Starting point is 00:03:25 G humiliates Trudeau and there's an Adderall shortage puts US on brink of public health crisis We may cover that as well. Anyways, it's good to be with you guys. We're happy to see you. I'm happy to see you I saw a video on Instagram where it's like somebody's POV of Pat walking in down this hallway I thought Jesus Christ came back So I just said wow Wow, wow, what was the path? It was a great event. Shout out to Chris and Vassine Hard. They had a big office right now.
Starting point is 00:03:50 It was so good. And we had a good time. It was awesome. It was ridiculous. Amazing. Yeah, very, very good energy. Okay, so let's get into it. Do we want to go with Trump first?
Starting point is 00:03:58 Is that what we want to do first? Why not? Let's get it on the top. I say we don't want to. I say we do economy first. I want to go into economy first and then we'll go into Trump. So just go to page six.
Starting point is 00:04:09 Tom, I'm gonna read the first one here. US household debt in Q3 sword by $351 billion at fastest pace in 15 years. During the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances, the Federal Reserve reported. at the fastest pace in 15 years, due to hefty increases in credit card usage and mortgage balances, the Federal Reserve reported. Tuesday, the total debt jumped $351 billion
Starting point is 00:04:31 from July to September. The largest nominal quarterly increase in 2007, bringing the collective household IOUs in the US to fresh $16.5 trillion. That's an increase of 2.2% from the previous quarter, 8.3% from a year ago. The increase follows a $310 billion jump in a second quarter and represents $1.27 trillion dollar and you'll increase. Tom, what's going on over there?
Starting point is 00:04:56 Well, this is a sign of what is happening with inflation to the average American and they're turning to their credit cards. Let me connect some dots here. There's a couple of quick points for you all. First of all, we see a headline on this, boy, look at this jump in debt. What's going on? Then you turn to Walmart and Target earnings. I dove into both of them.
Starting point is 00:05:16 Walmart, very telling, they said apparel dropped, home improvement and home goods dropped. That's called discretionary. And Goldman Sachs came out and said, we're seeing discretionary spending drop. We don't think interest rates are going to peak until May where the Fed, they believe, is going to make it five and a quarter. So they're looking at a half a point in December, quarter points to start the year, capping it five and a quarter in May. Why is that important? Well, where is all this debt?
Starting point is 00:05:48 It's on credit cards. So I went and looked up the Visa and Mastercard earnings from three weeks ago. Guess what? They're both up in the middle of all this. And they said, consumer spending was strong, but even Visa said it's what they're spending on. They're spending on groceries. And when you dive into the Walmart story, it was very interesting.
Starting point is 00:06:07 They said that there is a shift in proteins. Because remember, Walmart and Target compete, but Walmart is like 45% grocery and Target is not. Target's got sodas and chips and some groceries, but nothing compared to Walmart. So you would expect Target to be harder hit, discretionary. So I looked it up. Guess what? They were. So Walmart is seeing people move to groceries. They have analysts and a lot of their customers. And they even said that by their analytics, $100,000 customers were moving to
Starting point is 00:06:39 Walmart branded groceries for staples like flour. You know that the generic Walmart brand on flour, baby formula diapers, they said the Walmart house brands were doing better than the more premium price. And it's typically 10 to 20% sheepers. That a fair number to say. Absolutely fair number. Yeah. Absolutely. So what we're seeing this spending is saying that consumers are putting a lot of inflation on the credit card. Number one, one man's interest is another man's EBITDA. Think about that, Pat. The interest on a credit card becomes EBITDA for V-SAT.
Starting point is 00:07:13 And it showed up in their earnings report. You know, yesterday while I'm in DC, I'm talking to a bunch of these folks. And I said, so let me answer the question, what's the biggest thing you're concerned about? The room is about 70% women. You hear hear lady saying Grocery shop and has gone up. I said what do you mean by it? Yeah?
Starting point is 00:07:30 Milk today 529 to buy milk and it was three dollars last year. I said what do you mean? Milk has gone up from whatever was three bucks to 529 the first thing they talked about was milk I mean you have to read, these are mothers, these are parents, these are sitting there saying what they're gonna be doing with them. And by the way, when people start spending a little bit more on credit card, what is it saying to you? It's saying they kind of need it, it's emergency.
Starting point is 00:07:57 A lot of people use their credit cards as a source of emergency fund, although emergency fund should be an emergency fund, not a credit card. So people are leaning towards credit cards. So it's going to be interesting what happens next quarter because whether it's trending towards this happening more, but it's never good when you're seeing consumers leaning towards credit cards now. Adam, what do you got to say about this? Speaking of milk, you saw our friend Marcelo Hernandez on SNL this weekend, Speaking of milk, you saw our friend Marc Seller Hernandez on SNL this weekend update. He's like, milk?
Starting point is 00:08:27 What are you, a baby? Who drinks milk? It was so funny. So shout out to him, but it's interesting because obviously Tom is very, very insightful when it comes to the macroeconomics. I always kind of, my expertise is more in the personal finance. What I love about saying personal finance, it's more in the personal finance. What I love about saying the personal finance, it's your money, personal finance.
Starting point is 00:08:48 So it's interesting, because in 2020 and 2021, Tom, you probably know the exact stats, but we saw that more people were getting out of debt, more people were saving, more people were reversing the trend of how much they're putting on credit cards and stacking cash in the bank.
Starting point is 00:09:03 And just like that, after all the stimulus all the unemployment Back to normal like 2022. That's ball out. That's going vacation. Let's buy some milk. Let's get crazy here so you know at the end of the day it comes down to personal finance and individual responsibility when you got your tax refund and you got your stimulus and you got your You know, you made a little extra you got your bonus. What did you do with it? Did you go on vacation? Did you save it? Did you actually pay down debt? Or did you just kind of just repeat the same vicious cycle of paycheck to paycheck, you know, debt accumulation? You know, what's interesting is you're talking about credit cards, you know, there's this
Starting point is 00:09:42 HELOC story. And like the average credit credit card is what, 18, 19%, and then people are basically, if you own a home, obviously there's been great appreciation in your home equity and your home values. People are tapping into their HELOC, their home equity line of credit, and that tends to be around what, seven, eight percent ish. Correct, seven, seven, five average to that.
Starting point is 00:10:03 There it is, that's what we got, Tom, those exact numbers, I love it. Bingo. So that's still not a great number. I mean, even these days. I'm disappointed in you. I gotta tell you, because we're setting you up to say this segment is produced by silk soy milk. And you don't.
Starting point is 00:10:18 I think that's what the spring and the seller fromter says, got silk sponsored or soy milk. I thought you could go to my sponsor, silk soy boy milk. If you don't wanna be a to my sponsor, silk, so I'd buy milk. If you don't want to be a soy boy, you want to be a soy man drinker. But you bring up the Helox. Let's connect the dot on that very interesting right now.
Starting point is 00:10:31 So at 775, I took a look at the pop in Helox and I said, well, what makes Helox go up? Well, Helox go up. Can you, Tom, the average person may not know what a Helox is, home equity line of credit. You know, if a person doesn't know what a Helox is, why are people getting Helac's rent? Because there is a stat that's telling us
Starting point is 00:10:48 about what's going on with Helac's, where more homeowners are using Helac today. This is a Wall Street Journal store. Let me just read that in and I'll set you up and you go into it. Perfect. So Wall Street Journal homeowners using Helac's Financial Safety Net.
Starting point is 00:11:01 American took 66 billion dollars in Home Equity Line Accredits or Helac's in the second quarter, a 40% increase from a year ago in the largest amount in almost three years. These accounts which allow homeowners to borrow against the value their homes are making a comeback as higher rates make it less favorable to refinance your loan. A Helox works like a credit card, but since it's backed by your property generally offers a much more favorable interest rate. The average Helac rate is 7.7 comparable
Starting point is 00:11:28 with the average 19.04 APR on credit cards and 10.64 average personal loan rate. Owners get a credit card line based on a home equity line but don't have to use all or even any of available funds. Go ahead Tom. So it's really interesting. So Helac home equity line of credit. Specifically a credit card based on your house,
Starting point is 00:11:46 because your credit card in your wallet is based on your salary. And that's very simple way to look at it. And what has happened is I dug into, so if Helac's being opened and the dollars are going up, what two companies might you go look for in their earnings report to see spend? Visa and Chase, I don't know who you have. Home Depot and Loads. Oh, there you go. So I dove into report to see spend these and chase. I don't know who you at home depot and loves. Oh, there you go. So I dove into hope depot and lows and guess what?
Starting point is 00:12:09 They both had a big pop in the second quarter. So people are using the HELOC to make improvement on their house. The danger of HELOC is that the HELOC, like if your credit card balances go up, you'll probably notice that all of a sudden you get a letter that says, hey, your $30,000 limit is now down to 27.5. The banks are actually aggressive and proactive about raising and lowering your credit limit. Well, so too, the Helox work.
Starting point is 00:12:37 The Helox look at the value of houses, and if the bank detects their is a risk, they'll pull it back a little bit. So right now, and some of those helox have floating rates. So if interest rates are going up, and helox are already 7-4-4-4-4-4-4-4-4, and housing prices are going to go down, you're probably going to see little squeeze on helox. But it also means that people are investing in their house because they're having issues selling them.
Starting point is 00:13:01 So I'm like, okay, are houses selling or not selling? Let me see some stats this week. The stuff's moving every week. So I went and I found, check this out. Redfin, I think we covered this a couple weeks ago. Remember they had this house flipping business. Hey, sell us your house, we'll flip it. We'll give you all this money and then you can go figure out
Starting point is 00:13:20 where you're gonna buy any more expensive house or rent. Good luck. Well, there is an example that was in there that was in Nevada, seven-year-old neighborhood outside Las Vegas. So this is part of the Vegas expansion. This is an old home, seven-year-old house. Redfin bought it in May for $610,000,
Starting point is 00:13:41 two bedrooms, two baths. They put it on the market June 1st at $674,000. Red fins think they're gonna flip. It's been sitting for 140 days, and it's been reduced to $499, and it's still sitting. So I looked at that, and I'm like, okay, is this an outlier? Let me recap this. They bought a four six 10, they put a four six 74. It's Bata Force 610, they put it for 6.74.
Starting point is 00:14:05 It's been sitting for 140 days. They put it out for $4.99. And it's still sitting and it's in a seven year old neighborhood outside Vegas. And if you bend the Vegas, you fly in, you see all those neighborhoods where the working people in Vegas live. This isn't a middle and nowhere house.
Starting point is 00:14:18 This is a suburban area that's relatively new. And that is a sign of what's happening. So back to Helac, people are trying to improve their houses or doing some work. It's benefiting the stocks. So now, last point, let's go back to a week ago, you said, how is the economy so bad, but the market is up. Well, there's how Home Depot and Loes and Walmart are up because of credit cards in Helac. So how long can the market live on the consumers using other people's money they're turning into debt?
Starting point is 00:14:51 We need one of those sounds where you press the button. What is it called those points? Oh, a soundboard? Soundboard where it says, wow. Yeah, that right there is absolutely. I mean, I've only been asking that for years now. Well, but it's that going after what Adam said. Adam, you're talking about the personal finance from the people and like, I get it.
Starting point is 00:15:04 People are in the cities and around people like you guys that you know, and we can talk to, but what about, what do you say to the average Joe person that, like you said, like, when stimulus check and all the investments, what about the average guy in Montana that has a regular family that's getting their money and whatever, and then all this stuff is happening. And then like some of the Democrats, like, joy reads like inflation, even you guys are just coming up with that. You guys are watching news. What that you that's you guys are watching
Starting point is 00:15:26 Who's what do you tell those people that are just living it day to day and then now they're feeling it and it's coming you know I'm saying there's You're asking a personal finance account of your money. What's the question? No, not me personally I mean these are not some of the people they're not investing on the market. They're just living their average Live yeah, they're so secure and everything but now is going up, everything, nothing's changing for them. Many times, I made a very, very good point right now. I think it's very important to emphasize what Tom just said. So, you know, I remember when I was in trouble financially, I'm 22 years old, 23 years old.
Starting point is 00:16:00 My credit card, I had $20,000 left in my credit cards. And I don't have a job, I don't have a way to pay my bills. I was paying my bills every month with credit cards. And it looked like everything was good, but I only had four or five more months like that. When the fifth month came, everything was done. My car got reposed, but I was driving parking it all over the place. This is 2000, okay?
Starting point is 00:16:24 I'm parking my car in Grenada Hills I'm miles away behind the park to walk to my house. So you know, you don't get repaid So gal, oh, wow, yeah, eventually 90 days later I turn my car in I'm paying my phone bill in the file on way. I'm calling next tell no joke and I'm asking next tell What will 7373 get me? How many days? I owe it $1,500 to Nextel. I haven't paid my phone bill.
Starting point is 00:16:49 They would say $73 will turn your phone on for six days. Can you do it for 10 days? They would say yes. I would negotiate paying phone payment by days, and I would pay $73 because I'm a salesperson. I need my phone. Every time people would call my phone and it would give that one weird message. You know what that message is when you haven't paid your bill.
Starting point is 00:17:10 The subscriber. And now we have to say, have you guys noticed next I'll have an issue lately? No, it's trying to call you. It's next time. I'm thinking about switching to you know, some anyways, at that time. And then all of a sudden the day came where it's like, look, you know, some hot heat hell. Anyways, at that time, and then all of a sudden, the day came where it's like, look,
Starting point is 00:17:28 you don't have $73, you don't have a car, you don't have money, you don't have credit, what the hell are you now gonna do? What Tom just predicted is a lot of people are about to hit that, possibly in six to nine months. Did you see the savings, earlier this year, total savings we had as Americans was $2.3 million. We were collectively trillionaires. I don't know if you knew this. Of your Americans. Yeah, you could say. We the people. We the people were trillionaires. Okay. We were
Starting point is 00:17:58 trillionaires, Q1 of 2022. This year it went from 2.3 trillion, each quarter we've lost 300 billion dollars. So we went from 2.3 trillion to 2 trillion to 1.7 trillion, we're at 1.6 trillion right now. As we're still trillionaires, and as savings depletes, you make decisions in a different way. Ask the question in DC, I said, 2.3 trillion to 1.6 trillion,
Starting point is 00:18:23 does it seem like a lot of money? And some people are like, well, it's a lot of money we lost. So let's change it. Let's just say you're cash in the bank went from $23,000 to $16,000. Are you and your husband or wife having a conversation right now? You would be amazed how many women in the audience
Starting point is 00:18:40 said, absolutely, to go from 23 to 16,000, that's a scary number. So if you go from 23 to 16,000, that's a scary number. So if you went from 23 to 16,000 in six months, your concern, Americans collectively went from 2.3 trillion to 1.6 trillion. So if Tom is right and we're going in that direction, today, lows, home depot, Walmart,
Starting point is 00:19:01 these guys are the beneficiaries of people spending money on credit cards, especially. But stuff could be very nasty six months from now. Did you see what happened with Target? Target, I think yesterday announced that because of organized retail crime, they lost $400 million this year.
Starting point is 00:19:17 Think about that. 400 million. Hold that up. $400 million because they're saying organized crime, but like Pat and Cali, they lowered that thing where you could steal under a thousand bucks And just the cops won't even come after you Yeah, San Francisco 500 hard get organized retail crime 400 million dollars Vinnie, are you thinking about it?
Starting point is 00:19:36 I'm like a side side hustle. I mean, well, wait think about it in California You could hit if you think about it, Pat Tom you could go go into every Walmart, every CVS, steal under a thousand dollars, they're not even chasing you. People are just recording it and they put it on, you know, World Star and YouTube and you could just get, dude, if you hit four of those a day, go to another city, that's you, and just sell it on Amazon, you want to go into business with me or like, what are we talking about right now? I mean, as much as we're having fun with this story, this is not funny.
Starting point is 00:20:05 It's not funny. If you're target. Yeah. And this is just target blames organized retail crime for 400 million dollars loss in profits this year. That's insane to be thinking about. Right. That this is now a business model for some.
Starting point is 00:20:19 That's what yeah. I would love to know that. Let's break down to her state. Like what state? California I guarantee. I'm not assuming. let's reach it. I'm saying target loses one million one hundred and fifty thousand dollars a day On that yeah, well, I've faced on this number that's insane. Can you zoom in a little bit? September you see of okay, let me just read that one right there and September the CEO of right aid
Starting point is 00:20:41 Said Tyler can you zoom in please a little bit. Yeah, there you go The CEO of Wright Aid said, Tyler, can you zoom in please a little bit? Yeah, there you go. The pharmacy chain was burdened with a $5 million over your increase in a shrink, a term in the retail industry, which means losses related to theft, fraud or administrative errors. Wright Aid CEO, Don again, told analysts that the problem was particularly acute in New York City. There you go. I think the headline here is the environment that we operate in particular
Starting point is 00:21:06 in new york city is not conductive conducive to reduce and shrink just based upon everything you read and cian social media in the news and the city who's uh... who's the big uh... act a singer is it salina so i don't know man's her brother got robbed and shot or something in new york city did you see that was recent some i did some i did just get shot. I don't know if it was Selena. I was somebody else. Who's the other girl? It's um, who's, who's a, uh, uh, uh, Ariana Grande. I'm sorry. Ariana Grande's brother type in Ariana's,
Starting point is 00:21:38 there you go. And then go to news. Ariana Grande's brother, Frankie Grande, 39, viciously mocked in New York City by 13 year old kid. Imagine that. What? Go down to see if he was shot or was just mocked. Zoom in a little bit. Ariana Grande's brother Frankie Grande was viciously mocked by 13 year old. Punk.
Starting point is 00:21:57 And another scene in Midtown Manhattan, Frankie's social media personality and a 39 year brother, popular pop star, or something like that. It's an avenue between 43rd and 44th street or on six p.m. It's not even dark yet. On November 9th when he was attacked in front of satin, dolls, genemons, club,
Starting point is 00:22:12 and sports bar cops. His muggers are 13 year old boy and a 17 year old smashed, franking the back of the head. Cops said, and he's hanging out. He's hanging out one of those late night gentlemen clubs,
Starting point is 00:22:24 those libraries that you walked in and he's out of on the go. He's hanging out on one of those late night gentlemen clubs, those libraries. Yeah, you walked in and he's out of networking. And networking. And networking of mental areas. So I'll bring up a couple of points. If you've seen that meme, speaking of housing and redfin and all that, there's like a meme going around where like a real estate agent is taking a couple
Starting point is 00:22:39 to purchase a house or look at a house. And the couple goes, could you show us something a little more inexpensive? They go, sure, we'll just come back to this same house tomorrow. So we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just,
Starting point is 00:22:56 we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll
Starting point is 00:23:04 just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, we'll just, just, we'll just, we'll just, we'll just, we'll just, we'll just, we brought this up before, when they were doing all the stimulus and two trillion dollar stimulus in the CARES Act and the Billbat back or trillion, trillion, trillion, trillion. Do you know that if you and our good friend, Jesus Christ, went into business, 2022 plus years ago, and you made a million dollars every single day, million, million, million, million, year in, year out, year after year, 2000 plus years,
Starting point is 00:23:27 that would not even equal $1 trillion. Just to put it in perspective, at this point, if you do the math, it's like $750 billion. Just to give you some context to how much a trillion is. And last thing, oh, sorry. It's good to hear your friends with this guy. Yeah, this is who I pray to. As a Jew, the money, the Jesus, the trillion,
Starting point is 00:23:46 this is where my favorite thing is Adam's book of the case for Jesus Christ. Shout out to Rouselon, gave it to me, haven't opened it yet, but when I do, and it's gonna get right, I'm gonna be eating that, the blood of Christ. But the back to your point, I try to simplify things to, for, you know,
Starting point is 00:24:01 the average American out there, I don't drive a car, but if I did, I would probably stop at red lights, okay? My Uber driver does from time to time. But with anything, especially personal finance, there's red, there's yellow, there's green, okay? And what category are most Americans in? Most Americans are in the red light camp,
Starting point is 00:24:21 meaning their paycheck to paycheck, their drowning in debt, they're not, they have no emergency fund, they don't have money in the bank, they're red. The goal is to get from red to yellow to green. Yellow is maybe when you're out of debt and you have some savings, right? You haven't become an investor yet, you're not a homeowner. 50% of Americans have no investments whatsoever. I think one third of Americans are still only renting, right?
Starting point is 00:24:46 Talking about tapping into heat locks. But the goal is to get to that green light phase where the money's good, you're investing, you're not worried about paycheck to paycheck. Like for instance, when you're telling the story about when you're 22, right? I mean, when's the last time you worried about making rent this month, right?
Starting point is 00:25:03 When's the last time that you even had that feeling? Most Americans got to pay rent this month. Like, I went from that red light to yellow light to green light. Someone asked me other day, it's like, when's the last time you had to worry about rent? I'm like, probably like, I don't know, over five, seven, I don't know, 10 years ago about rent. Yeah, sumbo.
Starting point is 00:25:21 Most Americans are worried about rent. And when you can go from day to day, week to week, month to month, and you can kind of think, what am I doing next year, or three years, or your next five moves, five years from now, it's a very comfortable feel. Real quick, a question for Pat and Tom. We're kind of looking at the micro level individual to individual. So bank rate says, as of September 22,
Starting point is 00:25:42 average debt among consumers is $96,000. What happens when you tie this into the national debt clause? Does that include the car? Yeah, that includes car, house, all of everything across the board. What's another again, Tom? $96,000. So, 100 grand, basically. You got the average American owes in debt, correct?
Starting point is 00:25:56 Including the mortgage. Yeah, yeah, yeah, across the board. 100 grand. I'd like to know what it is without the mortgage. Debt clock has debt per taxpayer, $250,000. So you're now looking at $350,000, essentially in debt, in total, right? How does this tie into the national debt?
Starting point is 00:26:10 How do we dig ourselves out of this hole? Does it, how does this, like, are they non-sequitives? Does it not, like, can you not compare them? What does it do to the dollar? Like, how do we dig ourselves? Very strong feelings about this. I have very strong feelings. Tom, you can go for it.
Starting point is 00:26:23 There are two rules, two schools of thought in there and the first is We're set for a massive economic reset someday because you just can't stop this and The other side is no, you don't have to worry about it deficit spending you just print. I mean take a look at what What we just did is a nation and printing 40% of the total currency and certain certain- Just the modern monetary theory. That's right. Modern monetary theory says it really doesn't matter.
Starting point is 00:26:50 You're just gonna print and you're gonna grow and, you know, nothing is- nothing is ever gonna be more debt and value than- than the land and resources of your country, which is kind of dangerous. So I think we're seeing a gridlock Washington with the two schools are unable to control the other. One is we're just gonna print and read deficits. Look, we have to go back to Clinton to find a president that came closest to having a balanced budget.
Starting point is 00:27:22 And when everybody hears, when you hear about balanced budget amendment, what that means is the government spends on defense and ships and bombs and national parks and all the stuff that we do and jails and prisons and all that, what they spent was exactly what came in from income taxes, corporate taxes and tariffs
Starting point is 00:27:39 and other supplemental taxes that we have. The taxes that came in, they spent. The spent since the Clinton administration, we were even freaking close to a balanced budget. So we are spending... Can I give my opinion on this? Tom, he's asking for solutions. So can we do anything about this? That's what I'm...
Starting point is 00:27:59 Zero. No, my first point is, I don't think in a gridlock... Sorry. In a gridlock, Washington, I don't think you're ever going to be able to control. So I kind of get a balanced budget and you're not. Go ahead. What do you think can be done about this? I mean, I will tell you my issue, but I want to hear yours first.
Starting point is 00:28:13 I'm going to give, I'll be the heel in this situation because I know you're going to come up with a solution. So I know that you're going to have something, but I say this all the time, there's things that matter and there's things that you can control where you should focus or where those two things intersect. Does our national debt matter? Of course. Like if you look at this chart, if for longer than two seconds, your head's gonna explode
Starting point is 00:28:35 with all the numbers and up and down and everything and all that. But at the end, this is a very selfish answer. You cannot worry about this. You can only worry about what you can do with your own household. Now granted, are there different policies that you can vote for? Are there different politicians that you can vote for?
Starting point is 00:28:53 But one's the last time Clinton was in office, 2000. So the last 22 years, nobody's done shit about this debt. But that's also, at a time where they used to work together. They don't work together today. Back then, they used to go and say, hey, Nute, need your help, man. Let's figure this out. I'll give you this.
Starting point is 00:29:10 You give me this. Have you guys ever read the book? Not tip on you. It's another book about Reagan. The guy who was his right hand guy, what's his name? Oh, David. No, no, no, he was like the chief of staff. He was an absolute beast of guy.
Starting point is 00:29:25 James Baker. James Baker. Yeah. So Jim Baker's book, it's like 1500 pages minutes. It's a long book, but if you ever read it, you will see how many times Reagan went across the aisle and said, hey, can we let's figure out a way to negotiate and see what we can do about this.
Starting point is 00:29:41 Here's my opinions on this Tyler. The issue with this getting fixed is our current election system. And what I mean by the election system is a following thing, or whatever way you elect your candidates or your politicians. Everybody today benefits from giving things away for free. And because the system is in a way where
Starting point is 00:30:03 you have to get reelected every four years, the right person and the right policies to fix this would never get elected today. So in order for this to get fixed, you need 20 years of President House and Senate to all be bought into paying off the national debt to even address this issue, it's not going to happen. Because those policies will never get somebody to say, oh, so what we need to do is stop issue, it's not gonna happen. Because those policies will never get somebody to say, oh, so what we need to do is stop spending, what we need to do is keep a reasonable interest rate up, and what we need to do is stop trying to chase
Starting point is 00:30:33 all these other things. For how long, 20 years, I'm all in, let's go do it and pay off our debt. People are not gonna buy into that. Well, not to mention, who are the people that were electing into Congress? Now, the future generation is a generation built on the idea that you have to go into massive amounts
Starting point is 00:30:45 of debt to make any money, right? The college student, like, look at AOC. How much debt was she before we elected her to Congress? This is what she's built her foundation on is debt, right? So we have to have a groundswell, a cultural change where in people, not just the government, people as themselves, say, we have to stop this idea.
Starting point is 00:31:03 You know how dramatic that, dramatic of a philosophy that is. Look, you know, who benefits long term? Think about it this way. Elon Musk gets $180 million after he sells PayPal. We just talked about a couple of weeks ago. He sells PayPal, gets $180 million. He chooses to put $100 million into SpaceX. He chooses to put $70 million into Tesla.
Starting point is 00:31:23 He chooses to put $10 million into the solar business that he has. Fast forward later, today's worth $200 billion, one day he's worth $300 billion, one day he's worth $150 billion, give or take his worth to $150 to $300 billion, but he can say, I'll buy 244 billion, he can go out there and say I'm buying the company,
Starting point is 00:31:40 I'm gonna figure out a way to buy it, right? Why did he do that? He's a long-term thinker, He's a long-term thinker. We have become such short-term thinkers that we just wanna elect somebody that can solve our problems. Now, I wanna drink a drink that's gonna make me lose 10 pounds for tomorrow's party. Now, I wanna take something in my body
Starting point is 00:31:59 that my muscles are gonna be 18 inch guns. Now, I wanna buy a Bitcoin that's gonna help me become a millionaire. Now, everything is this now mentality. And unfortunately, we vote with now mentality, we buy with now mentality, we sell with now mentality, we build with now mentality. No one's thinking about delayed gratification. We do something in our house and some people say, is that the right thing to do as a parent? So if you come into my office right now, Dylan's got 40 gifts sitting in my office. He's got 40 gifts in my office, okay? Packed up, wrapped up. These are people that brought gifts over. Dylan's birthday was September 24th. Today is what? November 17th. November was today's date. November 17th. Okay. So Dylan gets to open 10 gifts that he gets on his
Starting point is 00:32:40 birthday. So people get 100 gifts that comes over, pick your 10 gifts. He opens 10 gifts that night. Then the rest of the gifts go in my office. And if he's good, every week he gets to open up three to five gifts every week. You know how long those gifts last? That's great, dude. Those gifts last six months.
Starting point is 00:32:56 So guess what happens? Every week he has to earn the right to open up a gift that produces long-term thinking. We're not teaching long-term thinking. All we're teaching people is the opposite of delayed gratification, which is instant gratification and we're addicted to it. Unfortunately, having said that, let's go to another thing that we're addicted to, which is Adderall. Yes. Adderall shortage puts us on brink of public health crisis. This is an axiose story.
Starting point is 00:33:22 Let me read this to you here. What's going on with this? The rise in demand of Adderall has triggered shortage of the drug, raising fears that some people can't get medicines. They rely on, while many others may be misdiagnosed. A whopping 41.4 million Adderall prescriptions were dispensed in the US in 2021, up 10% from the year before, getting a diagnosis of attention, deficit disorder, hyperactivity disorder, ADHD, which can be treated by Adderall and other stimulants, got significantly easier during the pandemic. A wave of telemedicine startups hit TikTok and Instagram with advertisements suggesting that people should look into ADHD medication if they felt distracted.
Starting point is 00:34:04 Do you guys have strong opinions on Adderall? If you do, I'm kind of curious to know.. Do you guys have strong opinions on Adderall? If you do, I'm kind of curious to know. Does anybody here have a strong opinion on Adderall? It's okay. It's giving it to his young kids, and it's cocaine. You know why most kids are diagnosed with ADHD, because they're not getting enough sleep. So what do you do?
Starting point is 00:34:16 You prescribe with Adderall, and then you keep them up all night. Yeah, Pat, mind you, I have every OCD, I have every three-letter, I have HBO, TBI, I have every single three-letter. But I was, you know, I have every three-letter, I have HBO, TBS. I have every single three-letter. But I was, you know, I'm old school, and it was just, you know, in fact, you know my energy, you know, I'm all over the place, never needed it, never took it, but the people that I am seeing it on it,
Starting point is 00:34:36 it's like my sister's on it, and she just retired. And it's seeing somebody that, like you said, it looks at their own cocaine, and then when they don't have it, it's really, really weird to see that person. Like you said, it's seeing somebody that like you said it looks at their own cocaine and then when they don't have it It's really really weird to see that person like you said it's just prescribed cocaine that you're eating instead of sniffing I could start a podcast just talking about the generational impact of pharmaceuticals If you go back into the 80s and there are two drugs that are being prescribed by everybody's analyst Translation psychiatrist members psychologists won't prescribe psychiatrist. Well, you need a psychiatrist.
Starting point is 00:35:06 And it was Librium and Valium. And there is a movie that was popular in the 80s. You can all look it up, find a Netflix. I'm dancing as fast as I can. And it was a story of a woman dealing with, you know, Valium and Librium and things that we're going on. Every generation has it.
Starting point is 00:35:21 And you know what? Adderall is this generation. We are looking for exactly what you just said, Pat. The instant microwave solution to 18 inch guns or lose 10 pounds or suddenly feel good. No, calm down. Read a book. Don't be so digital media addicted.
Starting point is 00:35:40 No, none of those things are likely. Get some sleep. No, none of those things are likely. Get some sleep. No, none of those things are reasonable. Give me a pill. And this is the pill of our generation. It's horrifying. As a parent, I mean, you hear a college, it's a joke within college kids in the meme world,
Starting point is 00:35:57 where it's like, got a big test tomorrow, got to get my adder all in and stay up all night and study and cram for the test. It's just kind of become a pervasive joke in the meme culture. But what I would do, as a parent, Tom, you've got girls in high school, right? You've got kids in elementary school.
Starting point is 00:36:19 I might have a kid somewhere in the middle of the world. You've got something somewhere in some way or some way. I don't know, country. I'd bless some of that. That's concerning to me. I mean, if you're over 18, you know, I'm very big on personal responsibility. Yes, there's an opioid epidemic, it's sad, it sucks,
Starting point is 00:36:33 but you know, those are the choices you make. I'd be very concerned about what 14 year olds are doing, but 17 year olds are doing. If you've got kids out, if you've got your parent with kids out there, this is scary to me, because I mean, I don't, Adderall is very addictive, right? I mean, that's, that's, and then also what is very addictive is TikTok.
Starting point is 00:36:52 TikTok is the number one most beloved brand amongst Gen Z. That for long. It's the beloved, yes you're right. It is the number one. I mean, I think the list is. No question about it, absolutely. As far as like brands go,
Starting point is 00:37:04 I think the list is. No question about it, absolutely. As far as brands go, I think it goes TikTok, Discord, Snapchat, Instagram, Cash, Spotify, so on and so forth. So look at exactly this article says, got significantly easier, getting an ad or open script and got significantly easier during the pandemic because a wave of telemedicine startups hit TikTok and Instagram with advertising and suggesting people should
Starting point is 00:37:30 look into ADHD medicine if they feel distracted. So you're on TikTok. You're already on Adderall. You're scrolling. You're sitting around. You're probably addicted to porn. And you're, you know, in school, you're in college. Like, as a parent, parent, these are difficult conversations.
Starting point is 00:37:46 I don't have kids that are, you know, this age, but these are the types of conversations you have to have with your kids. The difference to day's parents is back in the day, a kid can go in his room with his phone or his iPad or laptop. Who knows what they can find out there? When we were growing up, I had literally a fucking
Starting point is 00:38:04 black and white TV in my room and I was thankful for it. Yeah, let me tell you what happened. So in Halloween, we, myself and this other family, we walk through the community and the kids run, run, run, and they do a trick or treat and me and this guy have conversations together. Dr. very successful to say very successful, not with an M with a B. They got a company with 7,000 employees Family loves each other bunch of kids. They do very well and we're walking
Starting point is 00:38:31 And all of a sudden one of his kids comes right by us and in a car. Hey, hey, what's up? What's up? What's up? Great awesome? And he says yeah, he lost his technology privileges for seven weeks. I said, really? How old is he? My 16-year-old son. Your 16-year-old son lost technology privileges for how long? Seven weeks. What's technology privilege? Just, you know, video games, phone, you know, that's what he lost for seven weeks.
Starting point is 00:38:58 What, what, how do you lose technology privileges in your house in seven weeks? Sit, it's very easy. If you don't have a straight-A, you lose technology. You don't have a straight-A. So I come back and I'm like, huh? Interesting. So watch what I do. My kids are not in high school.
Starting point is 00:39:13 So as a parent, I'm constantly looking to see what strategies of parenting works. I have my own philosophies that I lead people the way I do. And then I want to also learn from parents that do a great job. So I come to the house and I say, Tiko, Dylan, would you guys, I think I'm starting to think about maybe getting an iPhone free because, oh my God, daddy, that's awesome. This, this, this, this, that.
Starting point is 00:39:33 So how do we do that? I mean, the conversation doesn't even start if you're not at straight A's, okay? So, come on, dad. So you know what all night Tiko is telling me, bud? How do I improve social studies? How do I improve, is telling me about? How do I improve social studies? How do I increase, he's never gonna, how do I improve social, I got to improve my
Starting point is 00:39:48 social studies grade. How do I, because in our house math is like a regular thing. You guys know this, we do math like what I suppose, because we love the game and reading all that stuff is natural to us. When you're saying parents that are dealing with this, when one of my kids was going to school and the school brought me
Starting point is 00:40:06 and Jen to the school and said, we need to talk to you. So it's going on. Your kid has a hard time paying attention. So I'm like, think, think, think, think. I know where they're going, but just because I wanted to know how they're gonna lead me into prescribing my kid's medication. So I said, let me let you lead me, because I want to learn. Okay, and I'm gonna say no, but I want to learn. Okay. On how you're going to and I'm
Starting point is 00:40:25 going to say no, but I want to learn your process. Yeah. Yeah. Go for it. Well, we think we need to recommend you to see this doctor. I said, no problem. We'd love to see her. So we go to her and they do the assessment. We like to do the assessment with your kid. So I go and is it okay if we do the assessment with your kid without you guys being at a room? Is there a camera? Yeah, we can put a camera. You can do it as long as there's a camera and I can see it. Okay, go for it. Boom, there's an okay, great.
Starting point is 00:40:49 Then it comes out. You know, your kid has a hard time paying attention and this is gonna really help him with his grades. So what are you suggesting? We think we need to suggest such and such and such and such. I said awesome. I said, do you buy any chance, think maybe, extremely creative people are like that
Starting point is 00:41:04 and have been like that for many years and they never took anything. I mean, Beethoven, Mozart you buy any chance, think maybe extremely creative people or like that and have been like that for many years? And they never took anything. I mean Beethoven, Mozart, all these artists, all these folks that we buy and admire and all They didn't have any kind of stuff to take. Well, that's the benefits of advanced, you know medicine and you're able to Just oh, okay, fantastic. I said yeah, if you think your this kid has issues, he's like his dad His dad was just like that as well. He's gonna be all right. Nope, we're not gonna take any medication we went home. They make the recommendation on all this stuff. So we go home.
Starting point is 00:41:31 So this becomes today. For me, we all have, some of us have a bigger addictive personality than others. My concern isn't just ridlin' or adderol. My concern is, again, going back to I want an instant gratification solution now Rather than figuring out a way to control it. You know the other day I'm at Angelo's and Agatha You know who Agatha's Agatha comes up. She says hey, you know
Starting point is 00:41:57 Michelle made this coffee for you a server you're saying yeah, and he says he wants you to try this coffee and I'm like I don't do coffee buddy. I say I don't drink coffee. She says you don't drink coffee. She's not on drink coffee So just like I drink coffee and Mario's like of course I drink coffee so they drink the cup of the day I know she again it goes. So how can we don't drink coffee? Yeah, so last time I drink coffee. I was 25 years old If I drink coffee, I you don't even want to know what happens to me I don't want to know what happens to me most likely I'll drink in my 50s But not yet. Biggest fear, addictive personality.
Starting point is 00:42:27 So when you see solutions like this, had a very serious relationship with a girl, but she was addicted to this. And because of that, I broke up with her, we moved on. No joke. Robo's going to school, had great grades, fantastic. We had a great time together, great chemistry. But she was hooked on this, I just said I can't do it.
Starting point is 00:42:43 Because if you can't drop this you're gonna have all things you have conversations with Whether it's folks within PHP whether it's folks within you know the school We have people who take out a roll in PHP. I'm saying the kids I know there's people that probably I know adults are taking it again if you're 18 plus do you talking about 10 year olds 12 year olds 14 16 olds, are you having conversations with parents? Whose kids have been prescribed this and taking it? Of course.
Starting point is 00:43:08 So what do they say? It's a sensitive topic. You can only give your philosophy in a gentle way, but the adult, the parent has to make the decision. You can't add a conversation with a parent here the day and I said, listen, can I make a recommendation? Your kids got F's and this kid gets everything he wants from you guys. He's going to keep getting F's because you have no standards and so what can you talk to our kids? I said,
Starting point is 00:43:32 no, I'm not going to talk to your kid. Why not? I said, because as much as I talk to your kid, your parents, you're still going to accept low standards. Me having a conversation with your kid means nothing if the standard doesn't stop with you because I can say whatever I want to say this kid's not in my house. I don't regulate the law. You do and you're okay with it. So even if you talk to parents, if the parents are going to say, but Patrick doesn't understand, maybe you're right. Then go at it. That's your method of leading. I refuse to lead that way. We lead in a different way. Parents will have a responsibility on what they do with their kids.
Starting point is 00:44:05 As a parent, what's it called? It's a trophy culture, what's it called? This, essentially instant gratification where if you're in last place, you still get a trophy, what's that called? Participation trophies. So if that's one end of the spectrum, hey, whatever you want, you'll get,
Starting point is 00:44:20 hey, last place, that's fine. How do you grapple that with, hey, like how I was tough love, like the example you gave with Dylan, hey, you can open some of your gifts, but not all of them, by the way, hope you opened up the one I gave it was a kitten, so hope you open up that one. Okay. So hopefully that was open. Oh, the meowing just stopped two days ago.
Starting point is 00:44:39 So how do you, how do you, that's true? You can't say funny joke and just keep moving. Hey buddy, we keep it moving. So how do you, how do you, that's true? You can't say funny joke and just keep moving. Hey buddy, we keep it moving. That is hilarious, by the way. It was a pure bet anyway, going, oh my god. But you know, like, because I have a nephew I care very much about, you know, and I'm in this kid's life, even more than ever now, right?
Starting point is 00:44:59 So I'm learning as well. I don't have a kid, but I've got a 10 year old nephew, just turned 10. And this is something that I'm aware of, and I'm taking more of an active role, and I've obviously all my friends got kids, and I'll get there some way shout out to the ladies out there. But how do you grapple with this instant gratification, participation trophy, get what you want, culture with tough love, wait your turn, not myopic approach to raising kids, long-term investments. How do you what? How do you grapple with that? So you're saying some of your parents, you know, not myopic approach to raising kids, long-term investments. How do you what? Like, how do you grapple with that?
Starting point is 00:45:27 Like, so you're saying some of your parents and some of these parents, because if the kids were whatever they want. At 9.30, I'm playing dominoes with my kids and we're talking shit to each other. I love it. And we're having a frickin' blast, Dylan beat me. He's nasty.
Starting point is 00:45:39 He's nights ago, 4.15 to 275, he beat me in dominoes. And this is not without help. This kid, and then Tiko beat me a couple nights ago and I'm pretty good at Domino's. And so you still spend the time with them. You still have fun with them. You still have a relationship with them. And they appreciate that.
Starting point is 00:45:57 You know, the other day I'm disciplined in Tiko and I'm having a conversation with them. Then we get in the car and he says, hey, Dad, can I tell you something? I'm like, yeah, what's up? He says, I know you discipline me and you're tough, but you know what I like about what you do. I said what? He says you're very fair. So it doesn't bother me. I'm like, I feel like I'm talking to you. You're 10 years old. What the hell is that?
Starting point is 00:46:18 He's a gentleman. Sit in my mouth. You're tough. You're fair. Go open another. Go inside. Get another. Open, get another, open the cat. Yeah, open the cat. Yeah, open cat, get the cat. But look, listen, we talked about this a few weeks ago. Parenting is very hard. It's not easy. Marriage is very hard.
Starting point is 00:46:35 It is Adam. It's very easy to be single and date in a new girl every weekend. That's not hard to do. That's easy, bro. I'm telling you right now, we had this conversation you and I, we've been having these types of conversation do. That's easy, bro. I'm telling you right now. We have this conversation you and I We've been having these types of conversation. It's very easy
Starting point is 00:46:49 Especially when you're older to be with 28 year olds and 27 year olds. That is not hard to do That is easy game as we're around longer that gets easier and easier and easier You get richer. You get more famous. I'm sure you go to the clubs, everyone recognizes your face, oh my God, this, oh my God, that, oh my God, take, oh my God, this. For me, I had to, at one point, make a decision, what I want to do, and I just have to tell you this. I chose hard, because choosing easy sucks, and it's only temporary benefits.
Starting point is 00:47:21 Hard to me is what? Let's choose what hard is. What's hard? Hard is staying in shape. That's not easy. You're in shape. You're always in shape. If we go to the house and we've got a pool party, take your shirt off, you're always in shape. What's hard?
Starting point is 00:47:34 Hard is exercising a morning, being flexible and stretching. That's hard. Hard is what? Having your finances in order. That's hard. Hard is always having your hygiene together. You always smell good.
Starting point is 00:47:44 You always take care of yourself. You always smell good. You always take care of yourself. Thank you, that's not easy. By the way, no, no, what I'm trying to, that's not easy, bro. That's hard. Hard is, I don't want to buy a car. I'm going to stay disciplined now. That's hard, bro, what you're doing.
Starting point is 00:47:56 That's not easy. Hard is, I'm not going to go buy this temptation, this, this, your, your gray, black, white, that's your colors. Your colors are gray, gray, black, white, very easy. Whoever dates is going to have a very easy time buying gift, just go to the gray, black, white, that's your colors. Your colors are gray, gray, black, white, very easy. Whoever dates is gonna have a very easy time buying gift. Just go to the gray, black, white section, right? But heart is also parenting, heart is also marriage, heart is also running a business,
Starting point is 00:48:17 heart is also trying to improve yourself. That is very, very, very hard, but the return is a billion times better than the return of it being easy. It's so much of a bigger return. And so for us, when you're saying all this stuff, man, yeah, it's not easy raising kids, it's not easy being married, it's not easy doing all that stuff, but the fruits of your labor are freaking priceless. And Pat, just going off of just, I hate to go backwards, but when you were talking about you with T-Coin going to the school and you already knew the process was about to happen. They're gonna bring them in there, they're gonna recommend. Do you think, I have two things to say.
Starting point is 00:48:56 One, is there any incentive with them doing that from pharmaceutical companies? Are they kind of in co-hoots because it seems like clockwork that it's like, oh, he can't focus. Boom, automatically they're prescribing job-top compliance. Is there any linkage facts? We talked about this. We've talked about this on the podcast, probably three times in the last six teams
Starting point is 00:49:17 that we've been here with, home team. Where is the only country on Earth, actually one of the only two or three? New Zealand is the other one. That's right, that allow pharmaceuticals to advertise and market just like regular. Did you know that? It's only US and New Zealand.
Starting point is 00:49:36 That can promote like stuff like that. Like, if you know how you see these commercials, I just think that you know, be careful with this, if this, this, this happens, go see Dr. Seattle. It's only in America, New Zealand. Side effects include, only two countries do, this happens, go see Dr. Seattle. Yeah. It's only in America, New Zealand. Side effects include, only two countries do the selling drugs over the,
Starting point is 00:49:48 Vinnie, there's only two countries where you can spend add dollars to advertise drugs. US and New Zealand. It's only two. I didn't, I had no idea. That's crazy. That's crazy. So these advertising dollars,
Starting point is 00:50:00 by the way, who do you think spends the most money on lobbyists? Can you pull up which industry spends the most money on? Eric, come back to our home. Pfizer? Communications, one of them, big farmers, one of them. Financials got to be there, but at the top, if you type in biggest spending, lobbyists, yeah, okay.
Starting point is 00:50:17 Pull up the industries, look at number one, and it's not even close. Look at that. Farmers of, you know what? Number one, 350. You know what that is? That's not, that's, that's a lot of money you're talking about. Right. That's how much they spend every year lobbying. That's insane. And those are the other way. I believe the United States
Starting point is 00:50:36 was the only country. And we can look this up Tyler. The only country that gave the vaccine makers immunity of the first year of introduction of a drug. Remember that we gave them fecal immunity from side effects suits the vaccine makers. That's what it is because what has happened in America is a very simple but profound shift. Medications used to be looked as treatment in root to a cure. Medications in America when when you start advertising, become problem solving.
Starting point is 00:51:08 That is very different in the mind of a consumer. The Seattleist commercial with the older gentleman and the woman sitting in those bat tubs, looking out at an old folks home, looking out over a green valley, it's problem solving, right? You convincing, you have a problem. Yep.
Starting point is 00:51:26 Hey, you're old. You'd like still to be bouncing around like when you were 25. That's a problem for you. You're right. I have that problem. So now it's problem solving. So we've moved from treatment to cure to, you know, the noble purpose of medicine, Duno harm, all the way over to problem solving.
Starting point is 00:51:42 And that is in the American culture and it's driven by the advertising and the pharmaceutical industry that is actively looking out to produce products, not treatments, and yours. And it's a very subtle difference, but ladies and gentlemen, the United States of America, pharmaceutical industry. And Todd, before I want you to say what you're gonna say,
Starting point is 00:52:03 but you know what people, what none of us even talked about, all that Adderall, all that Ridlin, all that, you know you're serotonin. Somebody explains to me, one of my friends was doctor to explain to me in layman term, you have happy juice in your brain. You only have a certain amount for the rest of your life. Adderall and all this stuff diminishes that,
Starting point is 00:52:19 it depletes it and you never get that juice back. And that's why a lot of these people, those kids, a lot of mass shooters and all this stuff. You wanna be real big, then something's gotta be real small. Oh, exactly. 100%, but yo, top. There has to be a statistic of all these mass shooters and all these suicides.
Starting point is 00:52:36 And it's all kids that were on, at or all, and all these mind altering medications that nobody wants to talk about. But those kids are all on these drugs. Well, you want to talk about the world now. It's come sound of this and then I'll let pack it up another topic here. Consequence and discipline.
Starting point is 00:52:51 Yeah, what Pat was just talking about discipline. It's hard. It takes discipline. It takes discipline to do something. And consequences is the best way to raise kids. There's a million techniques out there, but consequences. I'll give you two great examples. You know, the girls this year, the school has an iPad, which is programmed with all the school stuff they turn in their homework, and you can't get access to certain internet stuff. It literally is an electronic book with proper guardrails around it. But
Starting point is 00:53:20 it also, I have to pay for it. And I also have to pay for a $120 Apple pencil. And I told Brooke, I said, that Apple pencil is $120. Don't lose it. Why? 11 year old? Six grade? I'm predicting. Guess what?
Starting point is 00:53:36 She was on a plane with me, and I always say, here we're getting ready to land, pack your stuff up, pack your stuff up. She had that pencil in the pocket in front. She left the pencil on the plane when we got home She realized it wasn't there I Had a backup pencil above the refrigerator and I put it down and I said for $125 you can do your homework
Starting point is 00:53:56 That's what she said and she goes to her savings account and I said give me permission to transfer it Oh, wow I whipped out the banking app and and I transferred $125 to basically the family checking that we use for casual expenses. Bing. Next, Bailey Golf Tournament for School goes for a practice round, leads a range finder, which you've ever seen golf range finder, like 300 bucks, in the cart.
Starting point is 00:54:21 Bailey's usually really, really tight about this stuff. Far more anal inner sister. And she got busy. She was talking to her teammates and stuff left it there. Next day, going to play mom, I forgot my rangefinder. And Kim is like, wow, I guess you're going to play this round without it because we're here in Orlando for a tournament. And I am not going to drive 80 miles an hour to a dick sporting goods that might be open right now, and be the parachute helicopter parent that saves you from consequence.
Starting point is 00:54:55 She played the round without it, played fine, there's a discipline, and they went that afternoon, and they bought one with whose money? Heart money? Brooke, how much did that cost barely? They went that afternoon and they bought one with whose money her money Brooke How much did that cost Bailey listen to that statement? How much did that cost Bailey Brooke knew the rule? Right and fortunately the pro shop calls back. Hey lost him found they turned it in great at the receipt She got it back, but the point was at no point did barely think she was not on the hook for that consequence.
Starting point is 00:55:26 It's tough to do, but you got to do it. You have to have the will to come out. I want to do one last and we move on because we got a bunch of others. Quick, quick point. I think what Pat said was just so on point. I think what essentially we're talking about, especially with the medicine and the drugs, it's preventative versus reactive. You know, Bill Marr, you know, kind of his like, awakening, red pill was like during COVID,
Starting point is 00:55:49 everything was like, you know, the vaccine, whatever is the, was the easy fix. But what nobody talks about is, get your fat ass out there and lose some weight. Get out and get some sun, work out, be healthy, feel healthy, get out there and play. The fact that they shut down parks was insane to me. Shut down beaches was insane to me, looking back at it. Not to go all conspiracy theory on it,
Starting point is 00:56:08 but like insane. But like physical, mental, emotional. When you're talking physical, we talked about steroids. Quick fix, take some steroids. It's a lot harder to get your ass in the gym every single day. Or like I do, I do yoga every single morning and I stretch. It's a lot harder to do that, right? And you're talking about that's physical, mental, talked about, a I stretch. It's a lot harder to do that, right? And you're talking about that physical, mental, talked about Adderall. It's a lot harder to sit down and buckle down and read and do what you got to do. It's a lot easier to just take some Adderall, boom, bang out 24 hours of study and take your test, sleep for a couple days. You know, and emotional, I mean, antidepressants, pro-zac.
Starting point is 00:56:39 It's a lot easier to just take a happy pill. Let's just keep everything butterflies are great. It's a lot harder to look in a happy pill. Let's just keep everything butterflies or great. It's a lot harder to look in the mirror and kind of improve yourself. So the harder things, like Milton Friedman talked about, what's easy and hard when it comes to printing money and he used the analogy of what alcoholism, it's a lot easier to take the quick fix, to take the pill.
Starting point is 00:57:01 It's a lot harder to put in the work. Most people don't want to put in the work. So that's why you get the ramifications of the easy way. And nobody wants to talk about, sorry, just real quick, the same people that are making the band-aids are making the bullets. Bears making aspirin to make you feel better. Who does bear own? Monsanto. What does Monsanto make? Roundup. What does Roundup have in it? Glyphosate. Glyphosate is a forever chemical that's killing people. The same people that make the band-aids are making the bullets. Hey, Gillianectic, this is not a new thing.
Starting point is 00:57:26 This has been going on for a long time. By the way, let me just put this out. The US FBI director says TikTok possesses national security concerns. This is a Reuters story. The US operations of Chinese on TikTok raise national security concerns. FBI director Chris Ray said on Tuesday flagging the risk that the Chinese government could harness the video sharing app
Starting point is 00:57:44 to influence users and control their devices. Risk include the possibility that the Chinese government could harness the video sharing app to influence users and control their devices, risk include the possibility that the Chinese government could use TikTok to control data collection on millions users, control the recommendation algorithms for influence on operations. Ray noted, Chinese companies are required to essentially do whatever they do. The Chinese government wants them to do in terms of sharing information of serving as a tool of the Chinese government. And so that's plenty of reason by itself to be extremely concerned.
Starting point is 00:58:08 Now, you may say, Pat, we just heard the story a couple of weeks ago, that was CIA. This is FBI. You know what's next? One president away from TikTok being banned in the US and those users are going to go to either Twitter or Instagram or Snap and that benefits those three other companies.
Starting point is 00:58:25 Hence, why I believe that is an opportunity for Elon, that he sees and he smells and he's taking advantage of. The next story, a lot of Americans are no longer tipping 20%. It's adjusting and that's another sign, by the way, I want to go through this fairly quickly. Are Americans reaching the tipping point when it comes down to well, tipping. That could be the big takeaway from the recent survey that signal a possible shift in attitudes about gratitude. One survey from Pampano, a restaurant tech company found a decline in the percentage of consumers who say they tip 20% or more restaurants. From 56% in 2021 to 43%,
Starting point is 00:59:01 this year, that's a decline of 13%. Another survey from Play USA, a website that covers online gambling found that 60% of Americans said they would like to do away with tipping altogether and go European style. What's behind the sentiment? Inflation appears to be playing a role. The US, the Play USA survey based on response of 1,000, six people noted that 17% of Americans
Starting point is 00:59:25 said they were tipping less due to rising cost. Do you remember you're in a half ago? They were talking about how people are tipping more. They're doing 25 something percent. Now it's going backwards again. This is another sign. Well, people are sitting there saying, okay, instead of tipping you $19, I'm going to only tip you $16. $3 may not seem like a lot of money, but they're actually thinking about it. Yeah, I mean, well, it kind of goes to the story about in 2020 more people were paying off debt.
Starting point is 00:59:51 Now there are more people are accumulating debt. I'll tell you a crazy story. So I eat this sushi restaurant in South Beach, we've eaten there, Moshi Moshi. I've named my freaking cats Moshi and me, so after this freaking restaurant, it's my favorite restaurant. Love it, it's open till 5 a.m. So like, you leave a me, so after this freaking restaurant, it's my favorite restaurant. Love it.
Starting point is 01:00:05 It's open till 5 a.m. So like, you leave a club, go get some sushi. So I go to, I get the, I go to sit down and with a lady friend of mine, we have a bite and the waiter comes up, gives up some water. So I was like, all right, can we put in some appetizers? He goes, yeah, yeah, it's on the, you got to just do it on the app now. I said, well, what do you, you're right here. I'll just, can I get some me, so soups?
Starting point is 01:00:24 Yeah, nope. You got to do it on the app. I'm like, I got to download the app. You're here. I'm talking to you. It's like the scene in 40 old Virgin when he's like, came into the story. It's like, I'd like to buy these shoes. She's like, you got to buy it on eBay. He's like, I'm hearing from you. Jonah, I would just like to buy them off of you. I had the most awkward exchange with this guy. I'm like, I would like to order sushi. Sorry, do it on the app. I'm like, I'm talking to you in your face, bro. So we
Starting point is 01:00:48 go to this whole song and dance. I do the whole app thing. And then at the end of the day, he goes, yeah, you know, I put my card in there and I pay and I go, all right, there's no option to give you a tip. He's like, yeah, we don't, we don't do tips anymore. Don't do tips anymore. What? So the restaurant that I've eaten at more than probably any restaurant Miami no longer has a server that serves you. You have to do it on the app. Okay. And now when all is said and done, the restaurant has shut down tipping. They also canceled ginger dressing, which I almost freaked out. So it's a price of the sushi going on. The price, I don't know if it did or not might have because inflation
Starting point is 01:01:25 But things are changing like you're recognizing these things that are happening here You're interested so but this is a restaurant that I've eaten at a hundred plus times and all of a sudden they deviated I'll tell you one more thing the most awkward thing ever right now is going and paying doing your apple pay tap They flip the screen or all it says here. would you like to do a tip? Yeah. And it gives you 10, 15, 20, 25%. It's like, I just bought a Starbucks, bro. Like, I'm not tipping you shit. Yeah.
Starting point is 01:01:52 Okay. And they're like, oh, really? It's that awkward moment. You can do that. Oh, really? Zero, zero. It's tipping cultures, getting very weird out there these days. That's just as awkward.
Starting point is 01:02:01 Like, you go to CVS and then you're finished and they go, do you want to give a dollar to a starving kid? And you're out loud. No. Yeah. I'm not doing it. I'm. Yeah. They make you feel like crap. You know, I went to Australia. This was my first experience with this. I went to Australia. This is, I don't know, 20, 2009, 2010. There's no tipping whatsoever. But they pay the employees. This was the, I don't know, double minimum wage. So they're paying employees 25 bucks an hour or they pay you, you know, 12 bucks an hour
Starting point is 01:02:31 or whatever the number is. And, but there's no tipping. But when there's no tipping, that means don't expect great service. Of course. Right? Like there's the yin and the yang and the risk and the reward. So if there's no accountability in the service of the restaurant,
Starting point is 01:02:46 why would you need to tip? So yeah, I'm not going to go that. I like tipping. What is important about it? You know what tip stands for? Tip is an acrimon. What's that stands for? To ensure prompt service. Oh, wow. It was given in it. Wow. Wow. That's great. It's become a post-post-sure action. But in the early days, it was two-engineer-prom-service. Well, you gave a couple dollars to get a table. It was two-engineer-prom-service. And I appreciated that you pre-appreciated.
Starting point is 01:03:16 That's awesome. Well, I know Vinnie, you play a game, you know, just to tell me. I know that's a whole new game. Let's just, by the way, if that tip was big enough for you with time, just give us a sub. Subscribe to the podcast at 500.0. We wanna do celebration live podcast with you. Help us get there.
Starting point is 01:03:34 I know a lot of you guys say I prefer home team than doing the interviews. We combine both them. I like doing both of them. But if you enjoy our home team model here, give us a sub. Also at the same time, this gold signature series is coming out. That's it. These gold signature series value, Taiman merch is coming out on Black Friday and Cyber
Starting point is 01:03:52 Monday. Also, a numbered series is coming where you're able to buy numbered hats only numbered to 200. There's only going to be 200. These will be limited editions being sold on eBay. You'll see that. But the gold signature series comes out on Black Friday in Cyber Monday. If you haven't yet registered to be the first to know because it's going to sell out like this, text the word merge, M-E-R-C-H, text the word merge to 310-340-1132.
Starting point is 01:04:22 Once again, merge, M-E-R-C-H, 310-340-1132. You again, Merch, and ERCH 310-340-1132, you'll be the first to know about the gold merch that's limited. And the numbered ones are gonna go like in no time, but you'll be the first to know we're gonna send a text to you first before it goes public, and you'll be able to take advantage the gold signature series that's coming out Cyber Monday. I can't wait for that.
Starting point is 01:04:42 Gold VT, low gold, Cyber Monday's win. It's coming out next couple weeks. It's the for that. Gold VT, low gold. Cyber Monday's win. It's coming out next couple weeks. It's the day it's the Monday after Thanksgiving weekend. Yeah, please tell me we're doing what we did. 100% we're gonna do people that by signature series, the first 50, I'm gonna FaceTime them. Oh, okay.
Starting point is 01:04:57 We're gonna call together and face. No joke, no, we did it at your house. That was in Dallas. That's one of the most brilliant. No, get Bebe Like they have such a good time. I want to Yeah, we'll go together. It's a great experience. Okay. All right. So is it time to go into the Trump topics? Yeah, what a first hour. Yeah, let's go. Let's go. Let's go Trump. Let's go Trump. Okay. All right. So
Starting point is 01:05:20 What do we go from here with Trump? I let me just I can go here. Meaning, which story do I re-first? I know. So first of all, did you watch the speech? Or did you watch snippets of the speech? What did you do? Watch snippets of the speech? Snipets, yes. Vinny, you watched all the speech.
Starting point is 01:05:36 I watched it. How long was the speech, by the way? Hour and seven minutes. Oh, something like that. I know, I got the time. I was actually talking with Tyler Yessir. It's funny. I knew we're gonna talk about it But the fact that he didn't he I feel like somebody sat him down and was like listen Donald
Starting point is 01:05:52 They didn't call him Trump. They don't call him president Do not go after anybody Stay in your lane. Don't talk about election fraud. Don't talk about any of that shit Something is shifting path. Why think somebody's in his ear going, if we're going to win, and somebody like a DeSantis is going to run, don't be that guy, like Adam, he didn't talk about DeSantis, he didn't bring up, he kind of hinted at certain shit. I know he said something about paper ballots,
Starting point is 01:06:15 which I think, you know, whatever, you know, I mean, go to vote, I want to see the person in person, but I think somebody talked to him and let him know, like, calm down and don't be the crazy Trump that we all know. I think it helped. I think it helped. So first of all, I watched the whole thing. Yeah.
Starting point is 01:06:31 And I want to kind of give you what things I liked and what seemed different about it. Okay. So here's what I like. This is what's going to get people's attention. Now when you, if you watch media, if you watch CNN and if you watch Fox, you're going to get two different takes. I've watched more CNN videos this week than I've watched in a long time. I don't know how much CNN I've consumed this week.
Starting point is 01:06:53 I've consumed a lot of CNN because I want to know what they're going to be saying. I want to know fully what they're going to be saying from the other side. Okay. So a few things that he talked about. He said, economic security is national security. That line, I thought was the most powerful line he gave, economic security is national security. Meaning, if the economy doing well,
Starting point is 01:07:12 we're fine, if the economy's not doing well, that's a national security. Well, the economy is taking a hit right now, hence national security. He talked about fentanyl, which what a lot of parents are concerned about, and that's a real issue that people are actually worried about. He says, the moment I get elected, catch and release will be gone forever.
Starting point is 01:07:31 A lot of people in New York, in San Francisco, in many cities, they're all for that being gone. So the moment I get elected, catch and release will be gone forever. He'll safely remove illegal aliens. What he said, going back to what he said in 2015, human traffic has been a worsen human history. That is a concern of a lot of people. No man will participate in women's support, his words. No man will participate in women's sports.
Starting point is 01:07:59 I said support with sports, thank you. No man will participate in women's sports. Guess what? That's both sides of the aisle. are saying they're kind of you know The Democrat reput even Democrats are now starting to say this just doesn't make any sense Every soldier that got fired for not taking the vaccine will get an apology letter and back pay That is going to resonate. There's 33 million veterans That's going to resonate with a lot of them who got fired
Starting point is 01:08:24 schools will lose federal funding if they push CRT and gender insanity. Great message that's going to resonate with a lot of parents. Ban insider trading for politicians, a lot of people are wondering what happened with Nancy Pelosi going from zero to cut $100 million. I wonder. Yeah, exactly what happened. $100 million. I wonder. Exactly what I have. To eliminate cheating and elections, I will eliminate, I will demand voter ID, same day voting and only paper ballots. That's a lot of people are for that from his side of the aisle.
Starting point is 01:08:55 And in national greatness agenda, you know, going back to it. Now there's a couple different things. Those are the policies. For me, I like policies because that's how he won. So how he lost is when it's like, well, you know, election, this election, that election, that's how he lost. Okay. I mean, COVID was, that's how you lose it.
Starting point is 01:09:13 That's not the way to win when you're just talking about a snap hair, snap hair, snap hair. That's how Hillary lost the first time. Hillary's campaign was what? I'm with her. Her whole campaign was around, let's have a female to become a president. People are like, like, I'm not with it, man. You're not that exciting to be'm with her. Her whole campaign was around, let's have a female to become a president. People are like, look, I'm not with it, man.
Starting point is 01:09:27 You're not that exciting to be honest with you. You're whatever to me. You're just, I don't see any policies. It was only about I'm with her. He's a bad guy vote for me versus Trump one because he actually talked policies. He went back to his playbook that worked which is talking policies
Starting point is 01:09:45 Fentanyl policy economic security policy, you know catch and release policy Illegal aliens policy human traffic in policy no men participating woman sport policy Every soldier that got fired get the apologies letter for vaccine and back pay policy Schools lose in federal funding if they push the art teacher policy, ban insider training for politicians policy, demanding voter ID, same day voting and paper ballots policy, all of these things are policy. Okay, so now let me give you the other side of them
Starting point is 01:10:15 when I watched it. Some parts with the energy is what I felt, okay, that I don't think it's gonna work well. If you run angry, angry doesn't work. When a sales leader is running angry, sales people quit and they don't sell. Sales people don't do well when the sales leader is angry. You know, I, a man one time, many years ago, said this
Starting point is 01:10:40 and I thought it was a great code he told me, man, they money, that stuck with me till today, very, very successful man out of Utah. He said, he said a little bit of fire in the house keeps it warm. Too much fire in the house burns the house down. Meaning every once in a while your kids need to know that he's capable, but every 90 days. But if it's every day that you're raising your voice,
Starting point is 01:11:02 then you're going to burn the house down. If a sales leader is constantly pissed off at his people, you know, how come you're not doing this? I'm so disappointed. That's just too much. Every quarter when a sales leader is a little bit challenging and pushing his people, it's like, okay, cool. I can see that we have it.
Starting point is 01:11:17 Trump cannot come out angry. It's not inspirational. He has to look like he's having fun. He has to look like it's, it's a enjoying the process. He didn't look like he's having fun. He has to look like it's it's a enjoying the process He didn't look like he was having fun. That's one thing that I saw where it seemed like it was just business Where in 2015 to me he felt like he was having fun while he's doing an I understand it serious I understand it's a this is not a fun politics is not fun I totally get it, but you have to get people to laugh you have to get people to say okay
Starting point is 01:11:44 I'm seeing this guy's energy. The other thing that I felt was the following. His daughter played a big role in the last election. For her to announce a day after, I'm not going to be a part of it. And she just flat out came on and says, look, I'm not doing any politics. You know, I'm going to help out, but I'm not doing any politics. I'm not moving forward. Where's the story about Ivanka?
Starting point is 01:12:04 You can tell me. Page four, what's there? Yeah, if you want not moving forward. Where's the story about Ivanka? You can't tell me. Page four, one third. Yeah, if you want to read it, just read the book. I love my father very much. This time around, I'm choosing to prioritize my young children. And the private life we are creating as a family, I do not plan to be involved in politics, says Ivanka Trump.
Starting point is 01:12:20 Now, that's one person that I'd influence over that with that would actually pay 10. The main person. I agree. And then also her husband Jared What Jared may be involved? You don't know if Jared's gonna be involved or not And some people are saying he was present when the message was given some said he saw him some say dating him I don't know if he was there or not and think about a pet sheet think about it
Starting point is 01:12:36 Well think about what her whole entire family went through for that for years I mean every time you saw her it was something and that's the gear their corrupt They're dude at that point right now, she's like, I'm not doing this again. I don't think it has anything to do with her father. And that's obviously it does, but like, with the media, you already know what's gonna start happening. Or it started, it's already starting.
Starting point is 01:12:54 All the group chats from my cousins and my friends, it's already Trump this. It's like, bro, it's, I don't think she wants to do this. Ivanka hung out with Kim Kardashian a couple weeks ago. Yeah, I saw that. So maybe she's like, look, man, I want to go back to just being that girl who was sexy, attractive, had her brand, I'm building companies, I'm building businesses. I don't want to be doing politics.
Starting point is 01:13:14 Yeah. By the way, I think she's going to have a career in politics for sure. 100%. I just don't think she wants to do it right now. No. And a couple of other things I'll say, and I'll open it up for commentary here. Here's the concerns. Okay. Where people are wondering if he can still win without the following.
Starting point is 01:13:28 Number one, Steven Schwartzman, just flat out came out and said, I won't be back in another Trump run. If you don't know who Steven Schwartzman is, he is, just pull up who Steven Schwartzman is. He wrote one of the best books I read. I highly recommend any business man. Is that black rock? Oh, Steven Schwartzman is a zoom in a little bit,
Starting point is 01:13:47 CEO of Black Stone Group, and his net worth is $30 billion. This is not a lightweight guy, and he's a Republican, and he went against Obama. So this is not just a Rhino Republican. This guy's a heavyweight, okay. So some may call him a Rhino.
Starting point is 01:14:02 I don't know if I would put him as a Rhino. I just think he's a business guy that's saying Trump, I'm not gonna back up another one. Ken Griffin came out and called Trump a three time loser. They're wondering if Fox is gonna support him with the Murdoch backing him up every day, talking about him. Hannity did.
Starting point is 01:14:17 I don't know if Tucker's gonna do that. I don't know if others are gonna do that. I think on Fox, there's split between the Santas and Trump. So there are some that are just going behind the Sanctus and they're public about it and some that are still loyal to the Sanctus like a Hannity. I don't think Tucker's gonna be one that's gonna go and endorse 100% either or he's just gonna do his part. He doesn't have Twitter. So you have to keep on my Twitter's not there. Ivanka's not gonna be there this time around. Junior's still a part of it. He has a bunch of people that are gonna be supporting, but not the same thing as he did before. And then last but not least, when you're going on a run and you're announcing a run,
Starting point is 01:14:56 the run isn't being announced after a victory. The run is being announced after a loss. So they were expecting this speech to be a different speech, which the speech was, here's what we don't carry a lake. And we saw, you know, and let me, Arizona, and didn't have a lot. He didn't have that that he was expecting to have when he gave that message.
Starting point is 01:15:19 That is felt. And he said something jokingly at the end of it. It's like 55 minutes in two where he says, yeah, can we have this person stand up? Hey, we have to give it up to the first lady. She's so amazing what she does. You know, sometimes I come home and she says, well, Donald, don't talk to me.
Starting point is 01:15:34 I'm not in the mood right now. He joked about it. But it was actually a cool joke. I like it. It's worth it. Humanized to say, yeah, you're actually willing to self-deprecate a little bit because typically you don't hear the self-deprecate a little bit because typically you don't hear
Starting point is 01:15:46 the self-deprecation from this guy, and I'll finish it up with this. Okay, I'll finish it up with this. I'll finish it up with this. At this point, they asked the Santas, what do you gotta say about Trump? He says, listen man, chill out, you guys gotta chill out. This just happened, we're doing this, we're doing that.
Starting point is 01:16:03 And he did take a shot as well, the Santas. I don't know if you caught it or not with the santa said tired did you catch with the santa said he said check the scoreboard he said he says look i think what we need to focus on right now is the run in uh... uh... uh... georgia the senate run on georgia for tortual walker republicans have to do so look obviously it wasn't good everywhere across the board for republicans florida was a different story than everywhere else for Republicans. That's a shot to say, my state, we all won. The other guy, not everybody won. So we're going to see what's going to happen.
Starting point is 01:16:35 That was indirectly a shot at Trump. I understand, smack talking. That was a bit of a subtle shot to say, my record is the following. I don't know about the other guy's record to say, my record is the following. I don't know about the other guys record. Here's my record. So, what's he gonna have? Hot, hot, hot, hot, so question.
Starting point is 01:16:50 So now Trump, Trump announced that I don't know really know the history of it, but like, when do other Republicans that are trying to run kind of step forward and they say, like, how long does that take? Does that take another year? Because Trump right now is often running. And I saw some, some report that Obama on his second run
Starting point is 01:17:05 had I guess only $60 million of something in donors. Trump has like 94% or like it's ridiculous. So people to assume Trump's done. He doesn't have a chance, but you have to say, don't let the media lie to you, bro. Trump is in good shape and he has a lot of people behind him. I'm just curious, so when would we hear if like a DeSantis is going to run? Here's the other part though.
Starting point is 01:17:30 Here's the other part where the question now is, why is he announcing so soon? So the reason why he announced so soon, one, hey, if he's running, they indict him, it's going to be like, look, they're trying to take me down, they're afraid of me. So some people are saying, that's why he went too soon. The second thing is, it's not smart to go this early because everybody else is probably not going to announce for another I don't know six to nine months. Which means everyone else can watch to see how they attack Trump. So for three, six, nine months, they're going to watch the media try to attack and
Starting point is 01:18:03 destroy Trump. That's going to give so much intel for the next person that's gonna be announcing to run. Because either this is gonna be a great play that he made going early or it's gonna backfire because you went a little too early. That's the question a lot of people are having. Okay, we can make it just really fast. Can we make like let's set today's date. What's what's CNN's stock at or whatever, whatever the company is and let's set today's date, what's, what's he an end stock at? Or whatever, whatever the company is? And let's see how the ratings,
Starting point is 01:18:26 let's see how much it goes up, like from today up because now that Trump is in, now let's, let's see the shift, because he's gonna save their, the channel, I'm gonna tell you. Who's the parent company time Warner? Who is it? It's the time, the parent company.
Starting point is 01:18:37 The Paloney, whoever Maloney is, I heart, I heart, I heart. What do you, I heart, does that, that, that, that, that, that, that, all the viewers, let's, today. Let's see the discovery. Yeah, yeah, yeah, discovery. It's the's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let let's let's let's let's let's let's let's let's let's let's I'm basically saying look at their ratings right now watch how much they're gonna go from today because he announced now It's gonna be the Trump shit show. You'll see I'm telling you what do you think? I think somebody put a leash on him and gave him some really good advice Because I did not see it and I want to go rewatch it so I can see all the The emotional nuance that was in it, but I read the text and I said this didn't seem
Starting point is 01:19:25 nuance that was in it. But I read the text and I said, this didn't seem Trumpian of the last 18 months. Trumpian, the last 18 months was bitter, accusatory. I've been robbed, you know, like the, like a great player with a bad attitude that complains about the refs for the next two days of why they got eliminated in the championship. And then everybody forgets, well, then why did it come down to game seven? Why didn't you clean these guys out before two calls by a ref could take away your ring? I felt like it wasn't as Trumpian as we've seen in the last two years, but I agreed with you. I saw some things in there that I thought were, wow, that is a positive policy.
Starting point is 01:20:00 That's a positive thing. I was thinking of platform, you know, you put your planks in the platform to run. policy that's a positive and I was thinking of platform you know you put your planks in the platform to run and I saw a balanced approach to build a platform trying to bring together the Republican Civil War on a lot of issues. I felt like there is a leash on him But I didn't see the emotion behind it or the energy behind it, but I I really felt wow this is not the bitter guy. So someone is the bitter guy gone. I don't think so. So somebody that he trusts talked him into or got his head around this, this line of discussion. But I want to go see all the emotional bits and I want to watch the whole thing and then. So did he announce this? I've got you off. Did he
Starting point is 01:20:44 announces campaign manager yet? Who's the, I know Gondalski was one of the ones from the last one. I don't know about campaign management. I want to find out, whoever that person is, is talking good. But I'm watching the comments here and Chris made a really good point
Starting point is 01:20:56 that I was going to make the same one. This is a campaign speech. What does he do in the rallies? Great, he's reserved, he's calm, he's collected for the campaign speech. Fantastic, I think that's great. What does he do in the rallies? So what reserved he's calm he's collected for the campaign speech fantastic i think that's great what is he doing the rallies so what is he do if he's back on christ from super chat somebody just can do what he's always just a regular guy was watching you know you know you know you know i have a great i'm gonna follow the file she i'm on he's he i guarantee he's gonna go off the right and i think you're seeing the trunk family come out you're seeing former campaign staff you're seeing former managers, you're seeing former chiefs of staff. I think people are just kind of tired of the whirlwind
Starting point is 01:21:27 that it's Donald Trump. It is a good question. What does he do, Pat, when he's got the, you know, you pull energy from an audience, the audience throws energy to you and then you energize and then you extemporaneously go on, does he go into, and Nancy Pelosi is a disaster. You know, does he suddenly go down or something worse to Trumpian? But what's wrong with that? No, there's nothing wrong with that. Let's just say what's wrong with him saying Nancy Pelosi is a disaster. No, no, no, no.
Starting point is 01:21:53 There's an audience that agrees with that. What's wrong with him saying, what is the issue that he shouldn't do? Isn't that he should continue doing that? That's his brand. Like his brand is that what what isn't attractive with his brand is what he did the last two years better that's what's not attractive I would tell you right now if he didn't go that route for the last two years continuously I am a victim Pompeo what what Pompeo call Pompeo said exactly like a you, Pompeo, what did Pompeo call him? Pompeo said, he's acting like a, you know,
Starting point is 01:22:25 Pompeo appears to take aim at Trump for looking backwards and claiming victimhood cause for serious leaders, right? Okay, so that's what Pompeo just said. Guess what Pompeo wants to do. He also wants to run. What is not attractive is the victimhood. They didn't work for Hillary.
Starting point is 01:22:40 It doesn't work for anybody in business. It doesn't work for, it's just not attractive, period when you take that. It doesn't work for anybody in business. It doesn't work for, it's just not attractive, period when you take that out. It doesn't work for anybody. Wait to mental. C-roll, it doesn't work for me. It's not a good look. There's another thing that isn't though.
Starting point is 01:22:51 When you call Elon Musk a bullshit artist, or you make these unnecessary enemies, look at, you made this point eloquently with Blagoa Vitch and Carrie Lake when she went after the CNN report, and she said she's more de-santis than she is Trumpian. I don't see her. The way she carries herself and speaks. I think that's a really key point
Starting point is 01:23:09 that you can still go after people. I'd love to have a one hour sit down, one on one with Donald Trump and just ask him a set of questions. I think it'd be a very fair interview. I would wanna ask him certain set of questions that no one's asked them. There's certain set of questions
Starting point is 01:23:22 that no one has yet asked them. It's not a gotcha question, it's not any of that stuff. It's, you know, it's a certain set of questions that I have for the guy. But, you know, going back to what you're saying,
Starting point is 01:23:34 some people are saying, well, is he gonna go back to that? Yes, he is. So, what do you think? Is that like a negative thing? He can go back to that all day long, make people laugh, be sarcastic, do what he does and what he's been like for 76 years or 77 years. What is not going to be a turn on is victim with mentality.
Starting point is 01:23:58 Well, and I know Adam was making a point here. You said also during the Blegoy Vitch that there's a reason the Obama Bruce Springsteen podcast didn't take off because Obama isn't a podcast host. That's not his game, right? Why do you think he was such a powerful president and so respected? Because he's not a podcast host, right? People don't want a podcast host for a president. People don't want somebody as outlandish and bombastic and reality television. I disagree. Okay. I disagree.
Starting point is 01:24:25 Okay. I disagree. No, those are two different things. Those are two different things because what people don't want to hear, like with a Obama and a Bruce Springsteen, Obama became a victim as well. What are you talking about? People don't like that. Obama's entire M.O. was, look, they're doing this
Starting point is 01:24:45 because I'm black. That's not attractive either. I mean, I'm not proceeding here, taking one side or another. I'm not attracted by victim with mentality, no matter who does it, okay? No matter who does it. I don't care if I ever get into it.
Starting point is 01:24:59 Malak, the other day, we wanna do the TikTok video, right, to show it. The only thing I wanna show with the TikTok video is to say, look what they did right after the China clip, and see what happened. Do you know still me wanted to make that videos uncomfortable deep down inside? Because a part of it is kinda like,
Starting point is 01:25:12 well you're acting like a victim. All of us tend to go there sometimes, well man, I've been working so hard lately. You chose to be a CEO when you tell you all this pressure, just stop bitching or you have kids. Nobody told you to have unprotected sex. When we tell you, you know how how life has been a single man, you chose to become single.
Starting point is 01:25:27 Nothing is attractive about victim with mentality. It's got nothing to do with left, right, middle, center, black, white, Asian, middle, eastern. Women, men, gay, straight, no one cares. Stop being a victim, it's not attractive. If he goes there, I don't, I'm personally not gonna resonate to that. I as a man, I'm not turned on by by victims if a person next to me complains too much about why people are after him or her when people would call and say to
Starting point is 01:25:52 Followin I co one of our guys the other day for close-up So today we're having a we're watching a fight in the backyard. You know this first 20 minutes. I'm on the set I'm having a call wise Pat and so for the hooker fight. Yeah, so I'm calling so what have fun close. Oh, let me tell you man You know the bamboo was given issues I'm gonna call you a wise patent, that's for the hooker fight. Yeah. So I'm calling it, so what have I'm calling it? Oh, let me tell you, man, you know, the bamboo was given issues. I said, are you, again, going back to, so you're the only person that I technology, you should last night.
Starting point is 01:26:12 I'm just naturally not attracted to victimhood mentality. I'm not. So if he goes there, you're gonna see what happens at the podcast here and what feedback we're gonna be given. We're not gonna endorse victimhood mentality. Listen, with the moment you choose to get into politics, what has politics been known forever? Dirty.
Starting point is 01:26:32 What else is it? They're going to target you. It's dirty. They're going to come after your family. You're going to come after your family. You're a sad person. Get what? Then don't do it.
Starting point is 01:26:40 You signed up for this. You signed up for this shitty job. There's nothing about this job that's attractive. If somebody wants to go into politics They came after my family. That's what they do That's what critics do their job is to come after your family Then don't go play sports Lebron if you don't like what Stephen A says then don't go run for office Trump If you don't like what people say then don't go be a media guy obama if you don't like what they say about you
Starting point is 01:27:03 But whatever you do don't copy a media guy, obama if you don't like what they say about you, but whatever you do, don't act like a victim. It is never attractive, ever attractive in any industry is not attractive. But he should, to be honest, he should just not bring up any of the election shit. Just focus, to be honest, and it's weird for me to say I miss the entertaining Trump. Right now for the past two years, it's Joe Biden shaking hands with people that aren't there, sniffing people's hair. It's just been a shit show. I do, I'm not gonna front.
Starting point is 01:27:30 I miss the, like, what the hell is he gonna say next? I agree with you 100%. If he just does not bring up the election type of shit, yes. I would like the, you know what, we're gonna hold Fauci accountable. We're gonna go after the DOJ because of their bias and what they're doing. And Tyler showed me a clip from Christopher Ray, the FBI director, where they asked
Starting point is 01:27:49 him in front of Congress. They said, can you tell us right now if there was for January 6th, was there any FBI agents dressed as Trump supporters inside the Capitol before the doors were open? You know what he said? I can't talk about it. He's like, the congressman wasman was like wait you can't say no You guys didn't have anybody inside waiting as Trump supporters and then open indoors for these people So I want I want to talk crap
Starting point is 01:28:13 But I want accountability and I do like all the stuff that you said that he talked about About the fentanyl and the securing the you know secure in the border and all that stuff I want that type of stuff. I don't want the guy to feel bad for myself Dad that you know I watched it as a critic and I watched it want to go. I feel bad for myself. That, you know, I watched it as a critic, and I watched it as a voter. Like I try to, I asked Kobe one time, how do you watch movies? He says, I watch movies, and I just listen to the music.
Starting point is 01:28:34 He said, I watch movies, and I turn off the audio just to see how they're acting. Then I watch the movie. I'm like, what? He watches movies like that. So I watch it as a voter, and I watch it as a, you know, a critic, right? As a voter, I'm like, okay, that policy, I'm interested in that policy. I'm also interested in you're going to execute on those policies.
Starting point is 01:28:57 I'm interested in those policies being executed. So that part resonated with me as a voter, not as the personality. As a critic, I give you my feedback as a critic, how we felt, family not being the other side of the stuff. But as a voter, I'm like, OK, if he keeps talking those policies, I think he's going to have momentum. Yeah, sure. Well, speaking of movies, look, what he's trying to do right now, let me give sort of a measured response.
Starting point is 01:29:28 We're gonna have plenty of time to talk about Trump and where we think he's gonna, we're gonna talk about this for the next two plus years. And if he wins, six years, what have you? What he's trying to do is something that hasn't been done in over 130 something years. I think the last presidential candidate to lose or win and then lose then come back
Starting point is 01:29:46 has him in Duncins, Grover Cleveland in 1888, like a few years after the Civil War ended. So what he's doing is going to be very, very unique. At the same time, if anybody could do it, it's probably Trump. The challenge that he's going to have speaking of movies, it's like 2016. We had never seen this movie. Okay, this was so unique. Trump came out of nowhere and just boom, boom, little Marco Rubio, ugly wife Ted Cruz, low energy jet, like boom, watch that you have to see this. that you have to see this, must see TV. The problem is now, it's like, let me think of a movie, like that was Jurassic Park. Now you want me to go watch Jurassic Park 3
Starting point is 01:30:31 and get excited about it. People are like, I've already seen this movie. It's like you're a comedian. It's like the comedian who's back up there doing his old bits that you've been doing for 20 years. It's like, kind of already seen this movie before. So like this weekend, I was in Nalba Dallas, they give you the Wall doing for 20 years. It's like, kind of already seen this movie before. So, like, this weekend I was in Nalba Dallas. They give you the Wall Street Journal for free.
Starting point is 01:30:49 On the Wall Street Journal, the Wall Street Journal, the day that Trump enters the race, he's not even the main story. I'm like, how is that possible? I'm getting joked up over here. Kevin McCarthy, 90% of the America doesn't even know what care about, who's going
Starting point is 01:31:05 to become the Senate, I'm sorry, the House majority leader. He was the top story. So like the papers are just like, we've been here. We've seen this movie. I'm trying to sell me on Jurassic Park 3 right now. So then you have Ivanka is not a part of it. You've got all these people like Mark Esper, Defense Secretary. He's out on them. You've got, you just said Steven Schwartzman, he's out on them. You've got you just said Steven Schwartzman. He's out on them You've got Mick Mulvaney who was his chief economic advisor basic saying he's out Who's the guy you mentioned that was his secretary of state for a minute? Pompeo he's out on them. So it's like who is Trump's
Starting point is 01:31:40 Cabinet actually gonna be I'm wondering genuine question, but Cabin it actually gonna be I'm wondering genuine question, but The the the the story that we'll constantly have to talk about is Why is Trump running at this point? Is it because he wants to make America great again again? And he Kate or now it's Magaga, magaga, okay I mean America great and glorious again, which I don't know who told them like the three words in the middle are gag So you've seen the jokes already. I'm sure like you want a gag check out this magaga thing So but whatever I'm not even being emotional does he actually want to make America great again?
Starting point is 01:32:16 Is that truly truly truly his number one incentive or is it vengeance filled? Is it raged is it getting even is it vengeance filled? Is it raged? Is it getting even? Is it settling the score? Because we all know that Donald Trump can do one speech, one nice little speech tempered, measured, someone gotten his ear. Go give Donald Trump the next two years of being under control Best of luck out there. So I Think you know, we're gonna see what happens with him. I think there is a yearning. Here's my final point. There is a yearning in America for a younger, fresher leader. Look at where DeSantis is in the polls right now. Their neck and neck and go. I sent you the Vegas odds. Yeah, I was just about to ask you. You know, I always go to Vegas
Starting point is 01:32:59 here. Forget about Republican opinions. Forget about the American opinions. Vegas knows. Yep. So if you pull up the Vegas odds, I think I sent them to you earlier, Tyler, where are they right now? Trump goes up by just, oh wow. Oh, they're tied. They're neck and neck with Vegas.
Starting point is 01:33:15 300, 300. They're above Biden. You get Kamala and here's scary. Gavin Newsom right here. No chance. I've given my opinion on this. I could be wrong. Shoot me down all day. If Trump goes against a Gavin Newsom right here. No chance. I've given my opinion on this. I could be wrong. Shoot me down all day.
Starting point is 01:33:25 If Trump goes against a Gavin Newsom, as much as I think that Gavin Newsom is the most fakes most plastic guy ever, Newsom will be Trump. You think so? I think any Republican has a shot at the White House, Trump's last on the list. So, good commentary.
Starting point is 01:33:43 I'll give you a couple of things from my thoughts that I agree with you. Number one, the way I just sold PHP, right, insurance company, the way I led the company, the first six months to 18 months, that doesn't work in the fifth year, that doesn't work in the tenth year, that doesn't work after you sell the company. The same strategy doesn't work in a different season this is a different season for Trump. So you know as a coach the way your team won one way you're not gonna win the same way because your best player was a center now your best players a two-card now your best players a point card now your best players a number four you're not gonna win the same way it's the coach's
Starting point is 01:34:24 ability to adjust and play with the current players you have. I don't know if he's gonna be able to do it or not, we're gonna find out. This is a very different strategy. The same strategy in 2020, 2016 is not gonna win today. Correct. What is gonna work in 2016?
Starting point is 01:34:41 He has to look at what worked for 2016. What worked in 2016 is he kept talking same policies over and over and over and over again. That worked. What didn't work in 2020 is victim. They're coming after me. They're coming after me. They're coming after me. They're coming after me. That didn't work. So you have to kind of make that adjustment. Is he going to use that or not? We have no idea. The other thing I will tell you is well on this? And then I want to go to the Iran topic because we only got 19 minutes left. Here's the other part. The best part about competition and sports, okay? We said this a few weeks ago when Dylan says the Eagles are gonna win it. The Eagles just ended up losing to the commanders
Starting point is 01:35:18 I was easy. They were celebrating because there's Eagles fans. There's commanders fans and because there's ego-spans, there's commander-spans. And, uh, way, way too early right now, man. We have no idea what's gonna be happening the next 18 months, no idea on what's gonna be about 18 months. Do not get it twisted. I guarantee you the left is sitting on some kind of a dirt on the Santas, the day he wins
Starting point is 01:35:41 the nominee for the Republican, the next week, month, three months, six months, they're gonna come out with stuff against the Sanctus. They're gonna wait to see who's gonna be in this election or not. They're gonna watch you see who's gonna run on the Republican side or not. We're gonna see who are gonna be the candidates running. Right now, if you look at some of the list of names that you hear about potentially running, Christie maybe running, Nikki Haley maybe running, Pompeo maybe running, Tim Scott maybe running,
Starting point is 01:36:06 Hutchinson maybe running, Hogan maybe running, Yunkin maybe running, DeSantis maybe running, Pence maybe running, there's a lot of people that maybe running on the right. It is way too early right now to be betting on what's gonna be happening, but if you're like mattress back and you're willing to bet on the Astros way early. Yeah. Yeah.
Starting point is 01:36:25 Who wins 75 million bucks to go take a shot at some of these weird guys like put put put a grant on Hillary. You'd be surprised because she's the person that she could somehow creep up in there and if she gets facing off against somebody she may end up winning if you if you're if you're the type of person that goes to races and bets on the horse that's's one to 99, put a buck on Hillary, put a buck on the rock, put 10 bucks on Michelle because those are some of the wild cards. I'll go, I'll go with you. I'm, because listen, no, some, I sort of got, yeah.
Starting point is 01:36:57 If we put, collect the, us four, we put a thousand on noosome and that, and he wins. That's 16 Gs. I'm, if you're down, I'll do it. No, because you're way, way, way, because who's in a out of all the of all the Democrats? I can't believe Joe Biden's up there closer to over Newsom's over Kamala Harris. What? No, Kamala is above news. First of all, think about the DNC. Kamala, Kamala Harris has no chance. That's a, but why? I think you're onto something. Yeah. And it's, it's not who has no chance. It's who will dnc allow to get access to the large
Starting point is 01:37:29 boom bucket of sorrows money that is controlled by the dnc and they're not going to let pete go they are not going to use doesn't have national electability they're not going to which i don't want to go and gavans the guy and the key point is Gavin news on the board to burn Joe Biden exactly look to say that don't forget what the DNC did to Bernie Yeah, they wrecked it. They shot What they just they don't want that social let me say let me say it one thing and then I Because I know you know I you know what I'm talking about last thoughts
Starting point is 01:37:59 It's good for headlines. It's good for ratings. It's good to sell ads on CNN But there is a certain reality that's under this that we have, there will be a presidential election on a combination of four and only four names. Trump, DeSantis, Biden, and Newsom. Yep. I agree. Put the bizzah on a short clip, rerun it once a month.
Starting point is 01:38:19 There it is. I don't think I'm wrong. I'll say one thing, and this actually doesn't even have to do with Trump. I mean, it's reference to him, but I think what you said could not be understated here, okay, or overstated about reinventing yourself. And I'm going to speak from personal experience. And this is why it's so important to have somebody you trust and that has been there before in your ear.
Starting point is 01:38:40 So Pat told me for a couple years, Adam, you kind of kind of reinvent yourself. You do the money stuff, save that money, save the money, what else can you do? What else do you really, really good at? And we sat down, we had a strategy session, well, you're good at networking, you're good at relationships, you're good at partying, you know a lot of people, like,
Starting point is 01:38:56 why don't you kind of incorporate that into your brand? And what was my first reaction? You didn't want to do it. Pat, let me just save that money, let me just want to do my thing. And finally, before we moved into the new office, we had a strategy session. That was my first reaction. You didn't want to do it. Ah, Pa, let me just save that money. Let me just want to do my thing. And finally, before we moved into the new office, we had a strategy session.
Starting point is 01:39:09 And I had to reinvent myself. And it's very hard to reinvent yourself, to do a self audit, to say, all right, this was my brand. Can I switch? What can I improve? And this is for everyone out there. This isn't even a Trump thing.
Starting point is 01:39:23 This is who's talking to you, who's in your ear, who do you trust, who's your mentor, who's your friend, who's a leader, they can kind of help you through this process. A, but B, you have to look in the mirror and see what can you do, what can you do different, what can you improve upon? So that's something that I had to do.
Starting point is 01:39:38 That's something that you've done. That's something that we've all done. My fear with Trump is, you know, they say a leopard cannot change its spots. He's been doing this bit for 76 years. It's going to be very hard for him to change. If he does, if he does, I think he can win. If he does the same old thing that, you know, lock her up and build the wall and, you know, victim mentality, I think I think I think it can have a very ugly ending. Just been a couple days. We're going to find out and see if this team can stay healthy.
Starting point is 01:40:05 When I say team is the Maga Maga Maga. Maga Maga Maga. Maga Maga Maga. Maga Maga Maga. Next story. All right. And horrific move, Iran's parliament votes to execute 15,000 protesters. Let me say that one more time folks execute as in kill 15,000 protesters to teach hard
Starting point is 01:40:23 lesson. Iranian lawmakers in recent days call for strict punishment for the protesters who have been arrested on Monday CNN reported that a letter signed by 227 members of Iranian parliament. This is not 20. This is not 40. This is 227 Iranian parliament urged that the protesters be given harsh punishment that would serve as a good lesson in the shortest possible time on Tuesday. Parliament did just that voting to impose the death penalty on all protesters and custody as a hard lesson for all rebels. The majority in favor of the penalty was considerable to 27 folks out of 290 total members.
Starting point is 01:41:05 Matching the number of lawmakers who signed the letter, a court in Iran has issued the first death sentence to a person arrested for taking part of the protest that have engulfed the country's state media states. State media says, keep this in mind. It's 220 out of 290, okay. This is, this is not minority that's saying this. We're like, oh my God, they're so extremists.
Starting point is 01:41:27 No, no. This is Iran's parliament, extremists, 227 victory over 63 to have 15,000 protestors be executed. So here's my concern, this is my concern. Human rights typically will be something where you know Jimmy Carter's I'll always been known as the human rights person. Oh he ran on human rights. I'm a human rights activist. I'm a human rights activist. This is why I'm for Zelensky. This is why I'm for Zelensky. Zelensky is the same person that came out and tweeted out in no time after the Poland story came out and I don't know if you guys saw this how opportunistic
Starting point is 01:42:06 he started to lose more and more credibility by the way. Of course, he's doing this. He put it out saying how to call with president, express condolences, president of Poland, expose condolences over the death of Polish citizens from Russian missile terror. We exchange available information or clarify in all the facts. All of Europe and the world must be fully protected from terrorist Russia. So let me get to straight. How to call with President of Poland,
Starting point is 01:42:29 express condolences over the death of Polish citizens from Russian missile terror. So he's already saying, Okay, he's, okay, he's, then he says we exchange available information in our clarifying all the facts. Wait a minute, that's, and what do you call that an oxymoron?
Starting point is 01:42:45 Like, that's like a complete opposite of contradictory, contradictory. So you're saying this, and then Biden comes out, hey, we need another $37 billion for Ukraine. And then Iran just announced that they want to execute 15,000 people. What is US going to do about that? If you're so concerned about human rights,
Starting point is 01:43:05 this is an execution, this is not a bomb, this is not dying because of war, this is not soldiers dying because they're on front lines, this is protesters, and during COVID, if we have to choose between the left and the right that protested, the left was way more about protest than riots, then the right, the only time the right was protesting is the
Starting point is 01:43:25 January 6th which turned into an insurrection they categorized it but all the other protesting and the rights that happened to streets with business owners. Nah, it's just protesting as a part of life in America. No problem. These are peaceful protesters and now the government saying 15,000 people are going to get executed. That's a mass, that's a, that's a government massacre. They're going to get killed. I'd like to know if in modern times anyone's ever announced something like this from a country that we have business dealings with that we're thinking about giving 150 billion dollars to to have a nuclear deal and saying, well,
Starting point is 01:43:59 let's listen, they're okay people in the government, but they're gonna execute 15,000 protesters. Okay, and here's my question, Patlin, you nailed it. Where the hell is, where is all the countries? Where are we to help these people? Ukraine, like, by the way, that was to me, a set up BS thing where they just, they just saw one missile hit, two people died, God rest their souls, but they took that opportunity to go up, and then the next day, we're gonna,
Starting point is 01:44:22 about to send them $40 more billion. I don't think people grasp people grasp like think about this. These people are locked up right now, probably getting tortured. 15,000 people that were just in the street saying, hey the government, you know, you know, we're, we're oppressed or whatever. They're going to kill them, hang them or shoot them. I don't know how it's gonna happen. Where the hell is everybody? Where are all these people? I don't, I don't give a shit and I'm tired of hearing. Well, Kim Kardashian tweeted, the girl that was here that day, Pat, members, she was the noted whatever. She's like, well, Kim tweeted, I don't give a shit about a tweet. Where the hell is the force? Where's the military action? Where's the people going in there going, bro? That has to be stopped. Are we, are we gonna just let that happen? 15,000 and a couple of, you know,
Starting point is 01:45:02 you're gonna be younger people too, Pat. There's kids that were protesting, they're all gonna get murdered, dude. And no, where are we? Nobody's gonna, what's a tweet gonna do? Not a goddamn thing. This needs to be a global repudiation of this. This is disgusting. I mean, we're talking about protests.
Starting point is 01:45:19 I mean, you went on a rant here about what we're able to do here in America that went pretty viral, but this is just a message as bad as you may think you have it. As bad as you may think you have it living in the first world western democracy. As victim mentality as you would like, these people just wanted to protest basic freedoms, not wearing a hijab, and they're facing the death penalty, not even facing, they're getting it. Overwhelmingly, the parliamentary system in Iran voted for this, what I'd be interested in knowing
Starting point is 01:45:53 that there's probably no polling for this, what is the public sentiment? Like as the public, you know, in favor of this, in Iran, or they all disgusted, but they don't want to raise their voices for fear of being killed. I think this is what happens in a totalitarian, totalitarian, theocracy, where, you know,
Starting point is 01:46:13 God wanted this, God wants these people dead for going against the system and the government. It's just so disgusted. It's crazy that you say that. Just this morning, because on Instagram, I'll just on that same post people are like What are you talking about? America there's no way I go name one thing that I said that isn't true
Starting point is 01:46:30 You could do whatever the hell you want. These poor people just stood in the goddamn street and bro They're sitting in there right now and now they know the fate and nobody's gonna do shit The worst you nobody's gonna do shit because there's no money involved How the worst thing that happens here in America is they take away your Twitter account. Okay. Yeah, you're sorry. You've got three YouTube shirts. Facebook jails.
Starting point is 01:46:50 You're in real trouble. You go to a protest here in Iran. You lose your life. This is the beauty of America. Like I'm reading the story and like part of me is like, this gotta be a goddamn onion head like that. This has to be a a absurd joke. No, this is the reality of living
Starting point is 01:47:05 in an Iran. And this is the reason that our leader, our CEO, P.B.D. was forced to escape his home country. Thank God, you know, born in Iran made in America. But just a mat, you know, Pat, one of the things that you, the reason you do value-tainment is so you have a voice, right? I mean, you would not have a voice in Iran. You wouldn't be able to speak what's on your mind. You wouldn't be able to start a media company. The number one thing that I think that you, the reason you do this, we've all, you've alluded to this,
Starting point is 01:47:38 you could retire and sit on your money and just be chilling at this point. But you do this because you have a voice and you're a necessary voice, and people need to hear what you have to say. Because you come from a country like this, right? You know, you know it's crazy with this. So let's actually play this out. Let's play it out. So let's play it out that they do what they just voted for, and they execute 15,000 people. Let's play that out. God forbid that happens. What do the Iranian people do? Does that make the revolution a hundred times stronger? Or does that get people to say, oh, I don't say anything because I'm going to happen? What do you think happens if they execute 15,000? I have my own
Starting point is 01:48:18 opinion. What do you think happens? I think, Pat, because of the fear of fit you because mind you like I said this isn't 20 this isn't 40 this isn't 50 people 15,000 people are going to get Executed I think it's gonna it's gonna. Well, I hope what I hope people more people going to shoot like in Brazil You see they're yeah in Brazil. There's three million people in the street yesterday protesting because of the the rig the election They there I think it's gonna make them not they're gonna they're gonna calm down what do you think I think I disagree I think what happens is you're usually trigger this noble reaction that says I'm not giving up and now I know and I thought I had nothing to lose now I know I have nothing to lose because I'm not going to live 85 years and look up one day and say, why didn't I do something?
Starting point is 01:49:09 They just, the 15,000 just died for me. I am not giving up. You attend to galvanize what's gone on. Take a look. And by the way, this is just because we see things. This is such a dramatic statement by a government. And PPD, you were asking, I haven't seen dramatic statements like this,
Starting point is 01:49:31 but take a look at Darfur, right? What's been going on in Darfur? More than 15,000 people have died in Darfur. And you take a look at what's going on in Syria. I think over the last 10 years, more than 15,000 people have died in Syria. But it hasn't been this dramatic headline that says you 15,000 people died in Syria. But it hasn't been the stromatic headline that says, you 15,000 that are in my cages right now,
Starting point is 01:49:49 I am done with you and I'm doing it right now. The West tends to watch things. I mean, this goes back to the Tutsi and the Hutu, if you know your African history, and how groups have exterminated each other on political or racial lines. And I've just never seen a government in the modern time say the 15,000 that I have in prison, they're done right now.
Starting point is 01:50:19 You've seen Syria, you've seen Darfur that over time rebels over here, the hundred of them die, 150 of them die, the numbers add up. I've just never seen it like this. And I think what there's about to happen, if they move on this, they are gonna galvanize this revolution. We got two minutes left. I'll say one thing, 30 seconds. What do you think?
Starting point is 01:50:39 Thanksgiving is coming up, and you know, everywhere I'm gonna be sitting at the dinner table having conversations with our family and we joke, oh, don't talk about it, it's the dinner table. To answer your question, I wanna know what those dinner table conversations are going to be for these 15,000 people's families having this conversation.
Starting point is 01:50:59 And then their friends and family saying, did you hear about so-and-so, obviously you know about so-and-so. And what happens at this dinner table We'll reflect upon what happens in the country if there's people saying this is unacceptable and there's fighting and there's crying But if there are people saying hey, you know, we can't do this I don't think there'll be those types of conversations, but there will always be government support and you know and any Theocracy like this, but those dinner table conversations
Starting point is 01:51:26 can be very telling of what's going to happen moving forward. There was 15,000 people. How many people think they're connected? That's all I'm just going to say that. So, as million plus people, how many people love those 15,000 people? What do you want to do? You want to do 10 times 50? You want to do 50 times 50.
Starting point is 01:51:41 This is just cousin's mother's. Let's say million people are tied to those 50. At least, let's just say, right, a familiar tie. If I, all of a sudden, think my life is no longer worth it and at any point this can happen to me, you're going to see a different side of you. There's something weird happens when your life is like this. You can lose it. You fight in a different way. You, your spirit, you know, your spirit
Starting point is 01:52:07 completely changes when at any point this can happen to. So I don't know. I, I, I, I, I've got for bit this happens. I pray for this not to happen because this is a tragic event. But if Iran follows through with this, I think it's going to be mayhem to what's going to happen to them. People that are going to show up from places, they've never ever seen before. People who were not involved are going to get involved at levels. They never seen before.
Starting point is 01:52:38 It is not going to be a pretty thing for them to do. People like this don't make it. It's going to be catastrophic for Iran's government if they even think about doing this year. It's not gonna be pretty. Anyways, we're at the end of it. Gang, if you enjoyed today's podcast, give us a sub at 500,000. We're gonna do a live podcast together
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Starting point is 01:53:28 Is next Thanksgiving next week or the following week? A week from today. A week from today. Really next week. Mom, tomorrow. Okay. So next Friday, we are launching the gold signature series of merch with value-taming gold.
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Starting point is 01:54:25 Tomorrow's micro, the final week on November 22nd, I'm bringing three different people who have all written the book on what happened to John F. Kennedy and we're gonna debate what happened to John F. Kennedy's assassination. You don't wanna miss that podcast and we got a lot of other surprises coming soon. Have a great one everybody, take care, bye-bye.
Starting point is 01:54:37 Take care, bye bye.

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