PBD Podcast - Rob Smith SHOCKED After Lawmakers Calling For $14 Trillion In Reparations To Black Americans | Ep. 273 | Part 2
Episode Date: May 25, 2023In this episode, Patrick Bet-David and Rob Smith will discuss: $14 trillion In Reparations To Black Americans The Massive Drop In Cable News Viewership Americans Who Will Struggle To Get Their Mo...rtgages Tucker Carlson Sending Legal Threat To PAC Urging Him to Run For President Iran Hanging Three People On Drug Charges FaceTime or Ask Patrick any questions on https://minnect.com/ Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support
 Transcript
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                                         So when you stain a penthouse like this all the way at the top
                                         
                                         You got to get time to write kind of drink. Seville. Can you please serve?
                                         
                                         Mr. Ellsworth the proper drink
                                         
                                         I just was not set up
                                         
                                         Trying to have the Sam West stop morning Gus and take your uh, no
                                         
                                         What is it? We can't see it. No, I can't see it. What is it? Sam doesn't know that
                                         
                                         I just have a box like this's not. Are you joking?
                                         
                                         I'm not talking. Come. I will not touch the bottle touch it. No.
                                         
    
                                         No.
                                         
                                         You've been serious. I'm just
                                         
                                         definitely serious. What do you have a purchase the beer?
                                         
                                         No, it's not a beer. You know how you make bud light?
                                         
                                         You know how you've been bud light. Tell us.
                                         
                                         You let a horse drink
                                         
                                         Chorus and put a fuck it underneath and
                                         
                                         Fultures the chorus and that's how you make
                                         
    
                                         Bud like. Wow see that's why you're doing
                                         
                                         Fend off. You know what is going on with
                                         
                                         Bud like what do you want to tell us about
                                         
                                         Bud live here? Well I'm disappointed a little
                                         
                                         bit in corporate leadership. You know I do
                                         
                                         Key studies look at corporate leaders and
                                         
                                         stuff and how you lead to turbulent
                                         
                                         times and right now you've got the CEO Budweiser saying, it was one can.
                                         
    
                                         It was one picture.
                                         
                                         We didn't have a contract.
                                         
                                         Well, wait, you didn't have a contract, did you really?
                                         
                                         Was that handshake agreement?
                                         
                                         Yeah, exactly right.
                                         
                                         And it's a, and there was one person that was in the marketing group and we shot her
                                         
                                         and we shot her boss.
                                         
                                         And we are getting back to where it was.
                                         
    
                                         And so you see what the CEO is doing
                                         
                                         is trying to rinse responsibility off the organization
                                         
                                         and not only have they thrown the marketing person
                                         
                                         in her boss under the bus,
                                         
                                         they're backing up the bus going back and forth
                                         
                                         to make sure they're dead.
                                         
                                         And that is what's happening.
                                         
                                         It's really number one, the best thing to do is to say,
                                         
    
                                         you know what? My team made a mistake and the buck stops with me and I'm the CEO here. And you know
                                         
                                         what? We're always trying to market and we're trying to market to various groups. This was a freaking
                                         
                                         big bonehead error. And you know what? We're stepping back from it. And this is how it happened.
                                         
                                         Instead, wait, oh, it was only one can. And it was only one incident, and there was only one person,
                                         
                                         and she didn't have permission from her boss.
                                         
                                         Does that sound like a weak, you know, leadership,
                                         
                                         you do the vault conference,
                                         
                                         you talk to leaders all the time, Pat,
                                         
    
                                         does that sound like a weak leader running from blame
                                         
                                         or a strong leader come into the microphone?
                                         
                                         You know what this, last time you
                                         
                                         know how to have a very good conversation together
                                         
                                         for 45 minutes, okay?
                                         
                                         And we're watching a Miami Heat game,
                                         
                                         he's giving me commentary.
                                         
                                         I needed help.
                                         
    
                                         So he's kind of telling me, watch this place,
                                         
                                         all this stuff.
                                         
                                         I told him something last night.
                                         
                                         I said, you know, in life, here's what mistake we can make.
                                         
                                         And you shouldn't make.
                                         
                                         You have to take a stand and have a position.
                                         
                                         When you take a stand and take a position,
                                         
                                         what happens next is there is opposition. You take a position, there happens next is there is opposition.
                                         
    
                                         You take a position, there is opposition,
                                         
                                         position, opposition.
                                         
                                         Great, that's natural.
                                         
                                         Hey, I think Michael Jordan's the greatest of all time.
                                         
                                         You're a moron, Lebron's the greatest of all time.
                                         
                                         That's opposition.
                                         
                                         I think the Yankees are the greatest organization
                                         
                                         of a Steinberg, are you kidding me?
                                         
    
                                         It's really the Dodgers.
                                         
                                         I think I'm a, the Muslim this, Christian,
                                         
                                         did you know that?
                                         
                                         That's the opposition, right?
                                         
                                         Okay.
                                         
                                         Bud Light took a position.
                                         
                                         Their audience are male, white, military,
                                         
                                         wanting to drink.
                                         
    
                                         Last thing they wanna think about is just politics.
                                         
                                         They just wanna drink, have a good time.
                                         
                                         They love America, they wanna go to a bar,
                                         
                                         it's not expensive beer. They wanna get a good conversation. Most people America. They want to go to a bar. It's not expensive beer
                                         
                                         They want to get have a good conversation most people when you think about Bud Light You think about a great conversation in a moment. You shared with a friend, right?
                                         
                                         Then these guys try to increase their ESG score and
                                         
                                         Bud Light and high-ser-bush ends up having a perfect ESG score
                                         
                                         Okay, one of the best ESG scores in America
                                         
    
                                         Do you know what Bud, do you know what they just did?
                                         
                                         The ESG score organization came out and said,
                                         
                                         I don't know if you saw this or not.
                                         
                                         They came out and they said LGBTQ group slashes
                                         
                                         and high-serbushes, perfect rating.
                                         
                                         They had a perfect rating after back-lashing,
                                         
                                         backtracking on Dillamolveni's Bud Light controversy.
                                         
                                         So what are they doing now?
                                         
    
                                         Now they're backing up and they're saying, yeah,
                                         
                                         I don't know if we, you if we support what they're doing now.
                                         
                                         They went from a perfect score of 100.
                                         
                                         Only 20 companies, I believe,
                                         
                                         had the perfect score of 100.
                                         
                                         So here's what Bud-like did.
                                         
                                         You already had your loyal audience
                                         
                                         that's been loyal to you for decades,
                                         
    
                                         but you also wanted to win over the SEI corporate equity
                                         
                                         index score and increased that.
                                         
                                         You know what happened?
                                         
                                         You lost both.
                                         
                                         Not only did you lose your customers,
                                         
                                         but you lost the people that you were trying to please.
                                         
                                         That's what happens when you conform.
                                         
                                         People see through it and they say,
                                         
    
                                         it's bullshit, we don't like what you stand for.
                                         
                                         You don't have a backbone.
                                         
                                         Dude, I'm stepping away.
                                         
                                         So they lose 28%.
                                         
                                         You know who gained 28%?
                                         
                                         All the other guys.
                                         
                                         Caused in everybody else.
                                         
                                         Your customers, one elsewhere.
                                         
    
                                         And for the, America's pretty forgiving,
                                         
                                         so I think eventually they're gonna get over it
                                         
                                         and kind of be like, yeah, whatever.
                                         
                                         But it's gonna take a minute
                                         
                                         and the only way they can do it is by firing the current CEO,
                                         
                                         firing the current CMO, firing the VP of Ops,
                                         
                                         showing the fact that you fired everybody in that
                                         
                                         department, making a public announcement that we don't care about our ESG score, our
                                         
    
                                         CEI score, our DEI score.
                                         
                                         If you don't do that, those people are not coming back.
                                         
                                         But if you do do that, and you replace them with a better CEO, better VP of marketing,
                                         
                                         better board, they're going to come out and say, here's what I love America.
                                         
                                         Here's what I believe in, and look, we just want to make good beer,
                                         
                                         but likes make great beer for many, many years. That's what we want to get back to.
                                         
                                         If you show that you don't care about wanting to please these guys,
                                         
                                         I think customers will show back up, but that's going to take a year or two to do.
                                         
    
                                         100% and Budweiser USA is owned by, and has her bush, USA, is owned by Inbev,
                                         
                                         which is a giant beer conglomerate that also owns Stella or Toa and many other
                                         
                                         corona and many other things. And let's go through it. And what Inbev needs to do and says,
                                         
                                         we didn't buy you to pee in the pool. We bought you to keep growing as one of the dynamic brands
                                         
                                         that is that lines up like Coca-Cola and others with the last 100 years of Americana.
                                         
                                         It's a very American iconic brand.
                                         
                                         And in Bev, it needs to do exactly what Pat just said.
                                         
                                         Said you, you and you, you're done.
                                         
    
                                         We bought you not to do this.
                                         
                                         And you guys have just pukeed on your own shoes.
                                         
                                         This is over.
                                         
                                         So here's the thing.
                                         
                                         So I wanna give a little bit more context to this.
                                         
                                         This actually falls in line with something
                                         
                                         I'm watching you the next couple of weeks.
                                         
                                         So everybody, like go to stopwoke.com,
                                         
    
                                         you'll see what's going on.
                                         
                                         Stopwoke.com.
                                         
                                         Stopwoke.com.
                                         
                                         Put it in the description comments.
                                         
                                         That's great.
                                         
                                         That you got that, man.
                                         
                                         So here's the thing.
                                         
                                         And a couple of weeks, we're going to launch
                                         
    
                                         what I'm calling the corporate fairness index, OK?
                                         
                                         So stopwoke has partnered with the Rainey Institute
                                         
                                         for Public Policy in DC.
                                         
                                         We've actually come up with methodology. We're going to announce the top five Institute for Public Policy in DC. We've actually come up with methodology.
                                         
                                         We're going to announce the top five
                                         
                                         focused companies in America.
                                         
                                         We're also creating a curriculum.
                                         
                                         We love that.
                                         
    
                                         We're also creating a curriculum yet to go into these corporations
                                         
                                         and to say, OK, this is what you do to sort of get away
                                         
                                         from this.
                                         
                                         When people don't realize about this but light thing,
                                         
                                         and when people don't realize about the dillimove anything
                                         
                                         and all of this other stuff is that the human rights campaign, they have something called the corporate equality index.
                                         
                                         This is a grift.
                                         
                                         They have shaken down these corporations for the past 20 years.
                                         
    
                                         The human rights campaign calls itself an LGBT advocacy organization.
                                         
                                         It is a far left Democrat super PAC at this point that gets $45 million in grants and contributions in 2020.
                                         
                                         I personally know for a fact that they have shaken down a major bank to the tune of
                                         
                                         nine figures when they threaten them with dropping their score. But Light had to do this in order to
                                         
                                         get 100% rating on this corporate equality index, which is something
                                         
                                         that the HRC puts out.
                                         
                                         So the only way we can stop this, like we can talk about corporations or to work all of
                                         
                                         that other stuff, what we need to do is number one, go into these corporations, de-insensivize
                                         
    
                                         the importance of something like the corporate equality index, and give these corporations
                                         
                                         an off ramp.
                                         
                                         Give them an off ramp to say,
                                         
                                         you know, you can do your diversity and all that stuff
                                         
                                         that's fine, but also you have to sort of appeal
                                         
                                         to the other side of the aisle as well.
                                         
                                         So we do not stop the fight against corporate woopness
                                         
                                         until we de-incentivize the importance
                                         
    
                                         of the corporate
                                         
                                         equality index. That's why I'm launching the corporate fairness index in a couple of weeks.
                                         
                                         We're going to be doing a lot of stuff about that. There's a lot of companies that are
                                         
                                         very interested in this. And I believe that as a consultancy, this is an emerging market.
                                         
                                         These companies and these corporations want an offer and they want to weigh out.
                                         
                                         I'll tell you, I love it. And by the way, you know who funds the HRC
                                         
                                         Democrats open society foundation, you know,
                                         
                                         Social society, Soros, you gain a hundred million dollars in 2012. We're not even talking recently hundred million dollars in 2012
                                         
    
                                         But go ahead we're gonna say in one of the things that is I'm going I'm literally going to the swamp tomorrow
                                         
                                         Yeah, I'm hitting up donors and I'm doing these presentations, all the stuff. So when I'm hitting up donors,
                                         
                                         especially conservative leaning mega donors
                                         
                                         for organizations like Stopwoke
                                         
                                         that are doing this stuff
                                         
                                         that we're building this corporate fairness index up.
                                         
                                         We're gonna do this work.
                                         
                                         The first thing that they say is,
                                         
    
                                         oh, well, don't we already have this?
                                         
                                         Don't we already have that?
                                         
                                         Well, I give to this politician, I give that to politician.
                                         
                                         When you said that the human rights campaign
                                         
                                         is funded by George Soros and his open borders society,
                                         
                                         open whatever society,
                                         
                                         the left, these people fund all kinds of organizations
                                         
                                         to the tune of billions of dollars.
                                         
    
                                         And we don't have very many things like this
                                         
                                         on the right that are things that are advocating for Argentina.
                                         
                                         And the reason why is that we have a donor base
                                         
                                         as conservatives that are so consumed
                                         
                                         with get this politician in, get this, all this other stuff.
                                         
                                         The change that needs to happen in this country,
                                         
                                         and this last thing I'll say,
                                         
                                         I know I've been going on a bit of a tangent,
                                         
    
                                         the change that needs to happen in this country
                                         
                                         is a cultural change.
                                         
                                         It will start with the culture,
                                         
                                         and the politicians will follow. It is not the other way around and this is what people need to get.
                                         
                                         I love it. This is what I'm going to tell you. Stop won'ters. Stop won't, stop won't, stop won't,
                                         
                                         we got it all over the place. Rob respect to you. Yeah, sure. What you're doing. Appreciate that.
                                         
                                         Can we get a little sneak preview of the top five most of all companies give us something to work with?
                                         
                                         There guy I do not want to spoil anything.
                                         
    
                                         I got a couple of places that have the exclusive,
                                         
                                         one place that has the exclusive.
                                         
                                         I will say that these are companies.
                                         
                                         I know the top five, I know two in the top five
                                         
                                         are household names.
                                         
                                         Household names.
                                         
                                         So I hate to disappoint you,
                                         
                                         but what we did is the last three months,
                                         
    
                                         we've been trying to increase our ESG score
                                         
                                         and our CI score.
                                         
                                         And this is what we did yesterday.
                                         
                                         If you want to play this clip to try to increase our ESG score.
                                         
                                         Who is it?
                                         
                                         Who knows?
                                         
                                         Hey guys, what's up?
                                         
                                         That's what's up guys?
                                         
    
                                         Oh my God.
                                         
                                         There's a guy.
                                         
                                         There's something.
                                         
                                         Vinnie, Movinnie, the house with their blood.
                                         
                                         Yo, what's up?
                                         
                                         Look at that.
                                         
                                         Who's she said?
                                         
                                         Oh, I'm going to squat you.
                                         
    
                                         Chicken legs, Vin. Oh my God. Look at that boy. Look at that boy. What's up, look at that. Who's she's gonna go? I'm gonna squat you. Chicken legs, man.
                                         
                                         Oh, my god.
                                         
                                         Look at it boy.
                                         
                                         Look at that.
                                         
                                         What's up, Godlite?
                                         
                                         I'm gonna go in a butt like right now.
                                         
                                         Don't get it in the way.
                                         
                                         Sponsorship.
                                         
    
                                         We'll see y'all later.
                                         
                                         Oh, that's a good look.
                                         
                                         That's a good, you just increased our yes to score.
                                         
                                         You're amazing.
                                         
                                         I love you guys.
                                         
                                         It's crazy.
                                         
                                         He was walking our like that all day yesterday in the office.
                                         
                                         I'm like, he comes in.
                                         
    
                                         I'm in the comfort. I'm like, what are you doing? He's like, we're doing a sk office. I'm like, he comes in, I'm in the comfort, I'm like,
                                         
                                         what are you doing?
                                         
                                         He's like, we're doing a skit.
                                         
                                         I'm like, okay, make sense.
                                         
                                         Let's go to the next story here, Tom.
                                         
                                         Jamie Diamond, warns, souring commercial real estate loans
                                         
                                         could threaten some banks.
                                         
                                         And by the way, when he says that, interpretation,
                                         
    
                                         we're about to buy some more banks.
                                         
                                         Exactly.
                                         
                                         So Jamie Morgan Chase raised his concerns about commercial real estate loans cautioning that
                                         
                                         certain locations office properties and construction loans could pose.
                                         
                                         Primes for banks, diamond states, the off-site in this case will probably be real estate.
                                         
                                         It could be very isolated.
                                         
                                         It won't be every bank, despite historically low loan defaults, diamond highlights the
                                         
                                         impact of rising interest rates and changes in the working environment on commercial buildings, especially in markets like San Francisco.
                                         
    
                                         He believes there will be a credit cycle stating, my view is it will be very normal with the
                                         
                                         exception of real estate.
                                         
                                         Diamond advises banks to prepare for higher interest rates, urging them to plan for rates
                                         
                                         going as high as six or seven percent.
                                         
                                         That's not something people
                                         
                                         in the real estate business one here, Tom. What other insight do you have on this story
                                         
                                         here?
                                         
                                         Well, let's take it from the CEO office in the penthouse, and we'll take it all the way
                                         
    
                                         down to your house. First of all, let me translate for Jamie Diamond. I read it, and I was
                                         
                                         able to translate it. There are some failing banks that have some furniture
                                         
                                         that will look great in my office.
                                         
                                         And so it's basically what's about to happen.
                                         
                                         The, it's basically, for the last nine months,
                                         
                                         JP Morgan has been basically like Batman,
                                         
                                         that when Janet Yellen and the Fed are in trouble
                                         
                                         with banks and failing and everything
                                         
    
                                         they turn up, they turn on the bat spotlight and Jamie Diamond comes to the rescue and helps them pick up the pieces of these banks by taking parts assimilating them into JP Morgan
                                         
                                         and then the rest of the things the investor, the Jimmy depositors ended up being protected by the federal government
                                         
                                         because the deposit that was beyond FDIC limits,
                                         
                                         government took care of it.
                                         
                                         But what Diamond is saying here is that
                                         
                                         he's saying it without being inflammatory.
                                         
                                         The banking crisis is not over
                                         
                                         because the interest rate crisis is an over.
                                         
    
                                         And we all know what's happening
                                         
                                         commercial real estate is getting rough.
                                         
                                         And Rob, do you have, I sent you a follow up email
                                         
                                         which was the mortgage highest rate since early March.
                                         
                                         Take a look at this PPD.
                                         
                                         For people, if you happen to be driving and you can't see what's on the screen right now,
                                         
                                         it's a chart showing the interest rates and we had a bump up at about 6.3 quarter percent
                                         
                                         in February.
                                         
    
                                         Now, we're about to have another bump up after we came off the spike, which was October
                                         
                                         November, we were above 7, about 7.8.
                                         
                                         And so the interest rates and homes are not going down.
                                         
                                         Even though we talk about the Fed that maybe
                                         
                                         during Powell has been up to see the cheerleader
                                         
                                         for the last time this year,
                                         
                                         and the interest rates are going to be flat,
                                         
                                         what's really happening right now is the interest rates
                                         
    
                                         and mortgages are actually ticking up a little bit,
                                         
                                         and the houses are still not moving,
                                         
                                         and we're here going to be a lot of headlines
                                         
                                         over the course of the summer about things going on
                                         
                                         and banking.
                                         
                                         So it's still going to be tough for people to sell houses.
                                         
                                         It's going to be tough for people to get mortgages
                                         
                                         in new cities if your job moves and you're laid off
                                         
    
                                         and you have to go somewhere.
                                         
                                         And so it's going to be a long hot summer.
                                         
                                         And you're going to see Jamie Jamie Diamond and JP Morgan Chase get bigger
                                         
                                         because there are going to be some small banks that were highly exposed to commercial
                                         
                                         real estate get clobbered.
                                         
                                         Is there any names?
                                         
                                         I have some names next week but it's not any big names are out there.
                                         
                                         There's regionals.
                                         
    
                                         See there's regionals that maybe do really well, like in Indie Mac, that does really well in Indianapolis. And so they did a couple
                                         
                                         large buildings in Indianapolis, and now those buildings have low occupancy rate, a troubled
                                         
                                         mortgage. And that's what knocks over a bank that is serving the local commercial market.
                                         
                                         Because local commercial banks are tied to local commercial politicians tied to local
                                         
                                         you know, downtowns that are
                                         
                                         getting built.
                                         
                                         Now, the national banks have less clout and interest on those than they have in broad
                                         
                                         base consumer things.
                                         
    
                                         If you're by your right now, commercial real estate, are you, are you buying now?
                                         
                                         Are you waiting six, 12, 18 months?
                                         
                                         What would you recommend on the commercial real estate side?
                                         
                                         The Oracle of Omaha says when it's raining outside, run outside with a wash tub,
                                         
                                         and I think by the end of the summer,
                                         
                                         it's gonna be raining hard in commercial real estate,
                                         
                                         and if your business is in a position to move up
                                         
                                         or you're able to grow or take advantage of space,
                                         
    
                                         I think you're gonna have opportunities to do it
                                         
                                         right around Liberty.
                                         
                                         Interesting.
                                         
                                         P.B.D. what's the fallout from this?
                                         
                                         Because I believe, what was the bank that Chase acquired?
                                         
                                         Was it first Republic?
                                         
                                         I think they had 80-something branches in,
                                         
                                         I don't know, eight to 10 states.
                                         
    
                                         They acquired that.
                                         
                                         Silicon Valley Bank.
                                         
                                         Close some of the branches, took some of the loan assets
                                         
                                         that were still good, began to service them.
                                         
                                         And then you got Silicon Valley Bank and Signature Bank with the other some of the loan assets that were still good, began to service them.
                                         
                                         And then you got Silicone Valley Bank
                                         
                                         and Signature Bank with the other two banks.
                                         
                                         They were taken over by the FDIC, I wanna say.
                                         
    
                                         So walk me through the mindset of Jamie Diamond.
                                         
                                         You're just kinda sitting there like,
                                         
                                         all right, let's see which one of these bad boy banks,
                                         
                                         regional banks, we're gonna acquire next.
                                         
                                         And then what are the ramifications of that?
                                         
                                         When these mid-sized banks, regional banks, shudder, and then all are the ramifications of that when these mid-sized banks regional banks
                                         
                                         Shutter and then all of a sudden we're back with these four big mega banks. How does that affect the economy at that point? I can I can draw a picture for you really easy. It's really easy to see
                                         
                                         Let's spin back 15 years and look at our cell phone choices
                                         
    
                                         And I'm gonna give you some names that are gone singular AT&, AT&T, when it was smaller, next tell, sprint, GT mobile
                                         
                                         net, and then you also had the ones you still have now. You had Bell Atlantic mobile before
                                         
                                         it became Verizon, and you take a look at that. Now look at the consolidation. You have
                                         
                                         four choices now. You have independence that are, you know, the small ones, the phones for
                                         
                                         the elderly, phones for people in fixed income, and then you've got T-Mobile, which now on
                                         
                                         Sprint, and you've got Verizon, and you've got AT&T, what are the other choices?
                                         
                                         You got Cricket. Cricket is one of the small ones to serve a certain
                                         
                                         populace. The same thing's happening in banking. What you saw happening in mobile
                                         
    
                                         phones is what is happening in banking. What you saw happening in cable TV.
                                         
                                         Remember, you had all these different choices,
                                         
                                         and all of a sudden, well, you got a dish,
                                         
                                         and you got a direct TV on satellite,
                                         
                                         and then you got whoever's got the cable in the street,
                                         
                                         probably Cox or Comcast,
                                         
                                         and suddenly you didn't have very many choices.
                                         
                                         OTT democratize that,
                                         
    
                                         as long as you get internet to your house,
                                         
                                         you can choose anything.
                                         
                                         But the same thing is happening with banks.
                                         
                                         How will that affect the average consumer?
                                         
                                         If they're like, all these banks are being consolidated, I'm left with only four choices.
                                         
                                         Well, on my podcast, I pointed out that I said, look, if you have a local bank that really
                                         
                                         serves business as well, and you have a first name basis, and they give you all kinds of
                                         
                                         loans and support for equipment, make the relationship there, but also have an emergency
                                         
    
                                         account with money in it, and make one major payment a month. Maybe you're building rent and have that with Chase or with B.A.V.A.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V.V financial crisis for cable news. This is a Washington Post story. Cable news, declining influence and trouble business model
                                         
                                         are evident as TV viewership drops and court cutting
                                         
                                         accelerates.
                                         
                                         The recent CNN town hall with Donald Trump drew
                                         
                                         the just 3.3 million views highlighting the industry's
                                         
                                         wanting power.
                                         
                                         According to research firms, cable subscription
                                         
                                         have declined from 70%.
                                         
    
                                         Just seven years ago, 2016, to under 40% today.
                                         
                                         That's massive in a short period of time.
                                         
                                         Despite the decline cable news networks remain profitable due to license fees
                                         
                                         paid by cable operators.
                                         
                                         However, as cable subscribers continue to decrease license fees may become
                                         
                                         unaffordable for operators posing a threat to the financial foundation cable news while networks have ventured into digital platform streaming services
                                         
                                         and apps have yet to match the popularity and profitability of traditional cable.
                                         
                                         The future cable news is uncertain with the industry grappling with challenges in adapting
                                         
    
                                         to streaming and appealing to younger viewers.
                                         
                                         This is pretty well that that's taking place.
                                         
                                         Rob, what are your thoughts on this?
                                         
                                         I've lots of thoughts on this.
                                         
                                         You know, somebody that operates in both spaces,
                                         
                                         and there not a lot of people do, right?
                                         
                                         Because some people that are in the cable lose world
                                         
                                         are just there, and then some people
                                         
    
                                         that are sort of in our world are just here.
                                         
                                         So I've been able to sort of negotiate both spaces.
                                         
                                         They really are two different things.
                                         
                                         The fundamental problem that I see with the cable news networks and you can, they're interchangeable
                                         
                                         at this point.
                                         
                                         You can switch out any of them.
                                         
                                         Is that number one, it is an older, older, older audience, right?
                                         
                                         And so they are not making the investments talent wise, they're not making the investments,
                                         
    
                                         infrastructure wise, they're not making the investments content wise in order to bring
                                         
                                         that age down. They are more focused on keeping the older audience
                                         
                                         that they have right now than they are in trying
                                         
                                         to build up the younger generation of eyeballs.
                                         
                                         And that doesn't mean that you take a 32 year old
                                         
                                         and put them on cable news.
                                         
                                         Like that doesn't matter.
                                         
                                         A lot of the people for me, a lot of people that follow me
                                         
    
                                         on Instagram, Facebook, and Twitter at Rob's Myth Online.
                                         
                                         But a lot of people that follow me would not see a lot and Twitter at Rob's booth online. But a lot of people that follow me
                                         
                                         would not see a lot of my cable news clips
                                         
                                         if I did not package them up
                                         
                                         and post them on my social media.
                                         
                                         This is a huge problem now.
                                         
                                         What I think is gonna happen
                                         
                                         is that maybe in the next 12 to 15 years
                                         
    
                                         when places like Valtuteim and are built up
                                         
                                         when places like DW, like all of these content hubs,
                                         
                                         these people are gonna, you know,
                                         
                                         see their declining relevance
                                         
                                         and they're just gonna start gobbling these companies up, right?
                                         
                                         But yes, they are becoming less and less relevant
                                         
                                         because the people that are the youngest people
                                         
                                         that come up to me on the streets
                                         
    
                                         or that are my name, so whatever,
                                         
                                         like they're finding me on, on,
                                         
                                         answer, they're finding me on, on TikTok,
                                         
                                         you know, they're finding me on YouTube.
                                         
                                         They, these people don't know what cable news is.
                                         
                                         And I think that as media people again, we live in this bubble where we give these networks
                                         
                                         kind of like a lot more relevance than I think that they have to people that do not live
                                         
                                         in this world because people that do not live in this world could care less.
                                         
    
                                         They're on their phones, you know, they're following their people on Twitter, Instagram in this world could care less. They're on their phones.
                                         
                                         They're following their people on Twitter,
                                         
                                         Insta, Facebook, YouTube, whatever.
                                         
                                         Adam.
                                         
                                         Yeah, I mean, if you just look at these numbers,
                                         
                                         it's almost shocking.
                                         
                                         If a company, if you did any company, if you Tesla,
                                         
                                         JP Morgan Chase, pick a company, Amazon, Apple,
                                         
    
                                         the list goes on and on.
                                         
                                         If you said that,
                                         
                                         cable descriptions have declined from over 70% of households
                                         
                                         as of 2016 to now under 40% today, okay?
                                         
                                         What is that?
                                         
                                         40% drop, give or take?
                                         
                                         Yes, massive.
                                         
                                         Okay, massive.
                                         
    
                                         Yeah.
                                         
                                         Okay, now, let's go five years from now.
                                         
                                         If it's at 40% now using that same math,
                                         
                                         now you're at 20%?
                                         
                                         Yeah.
                                         
                                         At what point are you just completely out of business
                                         
                                         and bankrupt?
                                         
                                         It's pretty shocking and I love how they say here,
                                         
    
                                         the future of cable news is uncertain
                                         
                                         with the industry grappling with the challenges
                                         
                                         and adapting, streaming and appealing younger viewers.
                                         
                                         Uncertain.
                                         
                                         That's only one thing.
                                         
                                         Pretty certain that it's completely in decline.
                                         
                                         What, it's only one thing. Only one thing is making cable news people stick around.
                                         
                                         What's for you, too? No, it's for sports.
                                         
    
                                         So what Phoenix Suns did, if you can pull up Phoenix Suns, Phoenix Suns are moving away
                                         
                                         from relying on media to control them and cable. They're launching their games to be
                                         
                                         played on an OTT, their own OTT.
                                         
                                         The Sun.
                                         
                                         Do you realize what'll happen if these guys succeed?
                                         
                                         If they go away, whichever, everything you need to know about the Sun's new media deal and the MBAs are a Sun problem.
                                         
                                         So if these guys get away and they say,
                                         
                                         if you want to watch the Sun's play, $9.99 a month.
                                         
    
                                         Okay.
                                         
                                         If all of a sudden a million people in Phoenix or nationwide that like the Phoenix Suns, pay $9.99 a month or whatever the dollar amount is, now they're making $120 million
                                         
                                         a year off their OTT and they don't need to put that anywhere. They own rights. If ESPN wants
                                         
                                         clips, they got a buy. If other people want the clips, they got there's certain benefits
                                         
                                         that you get. So sports is holding people within the cable network. One sports goes and these YouTube NFL deals,
                                         
                                         these, you know, Spotify if they do something,
                                         
                                         they're not right now.
                                         
                                         If Twitter picks up something with sports,
                                         
    
                                         if gradually this happens, unfortunately cable news
                                         
                                         will be newspapers very quickly
                                         
                                         and they'll have to transition.
                                         
                                         Now don't get me wrong, this doesn't mean
                                         
                                         they're gonna be done, done.
                                         
                                         Some of these guys behind closed doors are working on,
                                         
                                         creating their stuff, moving their stuff
                                         
                                         from a cable to OTT.
                                         
    
                                         The Foxes, Doom Fox Nation, CNN tried to do CNN plus,
                                         
                                         where Carrie Lake wanted to do the interview with CNN.
                                         
                                         I don't know if you remember that or not.
                                         
                                         There's some of these things that are out there,
                                         
                                         but we'll see what's gonna happen.
                                         
                                         How many thoughts on this?
                                         
                                         Yeah, you can also see that, although I think Pat and I
                                         
                                         both agree that the NBA is not a very good product right now.
                                         
    
                                         Go nuggets.
                                         
                                         Yeah, yeah.
                                         
                                         Real out.
                                         
                                         But we're not on the game.
                                         
                                         I mean, the product itself.
                                         
                                         You also see things happening.
                                         
                                         For instance, I believe it's important trailblazers.
                                         
                                         They're the first NBA team that the classic thing
                                         
    
                                         was a notable sportscaster doing play-by-play
                                         
                                         and then maybe a retired player or someone who's incredibly respected in the game doing side-by-side
                                         
                                         color commentary.
                                         
                                         Well Portland has actually put a stats guy there and what they're doing is they're putting small
                                         
                                         stats things out there that appeal to the younger audience? It's more likely to play fantasy sports.
                                         
                                         And they are the first NBA team that part of their broadcast team as they do OTT is like
                                         
                                         a side-by-side stats guy.
                                         
                                         So not only do you see it going away from main street, the ballie sports is just, you know,
                                         
    
                                         the mother of invention is crisis.
                                         
                                         And the ballie sports crisis is giving opportunity for Phoenix sons into a their way.
                                         
                                         And what the Portland Trailblazers are doing with their,
                                         
                                         with their, with their stats guy.
                                         
                                         And I think how it's being broadcast is changing
                                         
                                         as well as where it's being consumed.
                                         
                                         I'm, I'm actually a little disappointed myself
                                         
                                         that when you said what they're,
                                         
    
                                         what they're doing, you know, what's changing this.
                                         
                                         And you said sports.
                                         
                                         Because I'm that guy.
                                         
                                         I don't have cable.
                                         
                                         I haven't had cable in years.
                                         
                                         I do, I watch everything on YouTube,
                                         
                                         but I do want to watch Miami Heat go to the NBA finals
                                         
                                         when they beat the Celtics eventually.
                                         
    
                                         And I've done exactly that.
                                         
                                         I pay for YouTube TV and I figure out ways
                                         
                                         to basically maneuver the system just to watch the Heat Game.
                                         
                                         But I refuse to pay $9.99 a month for basically stuff that I don't watch. And I do believe that the NBA is a good product these days despite everything that happened in the bubble.
                                         
                                         I disagree with Ty. By the way, I think it's going to be a better product when LeBron retires and when LeBron, Carmelo,
                                         
                                         Chris Paul, when these guys retire, I think the new age players I like more than this woke age of players that kind of messed up the game a little bit. And you know, Guy as big as him has become the
                                         
                                         greatest flopper of all time. I made a recommendation the other day for master class to hire a
                                         
                                         bar, give a few million dollars to teach a course on flopping. I actually think it would
                                         
    
                                         do very good with a new age people, but that's a completely different conversation. Next,
                                         
                                         Daily Wire, okay, who is growing month and month out,
                                         
                                         will stream all shows on Twitter is what they're saying.
                                         
                                         This is a Hill story.
                                         
                                         The Daily Wire Prominent Right Link Media Company
                                         
                                         will stream all of its shows on Twitter starting May 30th.
                                         
                                         Aiming to expand its audience according to Daily Wire's
                                         
                                         CEO, Co-CEO, Jeremy Boring,
                                         
    
                                         the overwhelming amount of positive feedback
                                         
                                         from our advertisers and audience signals. Tremendous opportunity to move comes as conservative media personalities increasingly.
                                         
                                         Turn to Twitter, seeing that it is the platform that refuses to engage in content censorship.
                                         
                                         Based on politics, former Fox News host Tucker Carlson announced,
                                         
                                         bringing his program to Twitter and Florida, Governor Ron DeSantis plans to formally announce,
                                         
                                         obviously we know that the daily wire, a content featuring fire breathing conservative commentary covers politics pop
                                         
                                         culture entertainment math wall Japan Lee who on his YouTube channel was saying he was making
                                         
                                         around a hundred thousand dollars a month and he had something that he put about the trans
                                         
    
                                         or the drag shows he was going against it he got a strike and he says you know what if this
                                         
                                         is what you guys are doing we're moving away from it so what are your thoughts about daily
                                         
                                         wire choosing to take all of their talents big Big names, Shapiro, Peterson, Candace Owens, Matt Walsh, you got a lot of good
                                         
                                         guys there, to Twitter. Huge, massive, look, it cannot be overstated the importance of this move
                                         
                                         right now. And DW was ahead of the curve with a lot of this stuff because they started doing,
                                         
                                         you know, their full video podcast and And you're gonna talk about daily wire.
                                         
                                         For me, it's somebody that is sort of,
                                         
                                         you know, looking at venture into the video podcast space.
                                         
    
                                         Now, I look at a Candace Owens podcast,
                                         
                                         it's like, this is what a video podcast should look like.
                                         
                                         This is what it should be.
                                         
                                         This person is on point.
                                         
                                         She looks fantastic every day.
                                         
                                         It's culturally relevant.
                                         
                                         It is all of these different things.
                                         
                                         So when you take these things and put them on Twitter as the full video element, what this is saying is that
                                         
    
                                         Twitter and Elon Musk's moves.
                                         
                                         Remember the new CEO of Twitter, Linda Yaccarino, what did she do before that?
                                         
                                         She was head of ad sales at NBC Universal.
                                         
                                         They are turning Twitter into a hub for video content and they have not even started to talk about how they're gonna be monetizing that yet
                                         
                                         outside of subscriptions.
                                         
                                         And so this is what I say,
                                         
                                         and I was saying it one of your guys
                                         
                                         before you came to the podcast.
                                         
    
                                         On Twitter, it is not going to be enough
                                         
                                         to just say shit in order to get a following
                                         
                                         at this point nowadays,
                                         
                                         like maybe you could have before,
                                         
                                         maybe a little bit right now,
                                         
                                         yeah, you can just hop on Twitter
                                         
                                         and start saying things.
                                         
                                         This is going to become a platform for high quality video content, for people that know how
                                         
    
                                         to articulate themselves on camera, for people that know how to put that video content out
                                         
                                         there.
                                         
                                         And we talk about the decline of cable news.
                                         
                                         And we talk about the fact that Matt Walsh cannot say factual things about quote unquote
                                         
                                         transgender youth on YouTube without getting completely demonetized on YouTube, Twitter
                                         
                                         is the new platform.
                                         
                                         So they're ahead of the curve.
                                         
                                         They were ahead of the curve two years ago when they started creating and producing these
                                         
    
                                         podcasts.
                                         
                                         I did Candace's podcast a couple of times back when they were doing sort of like the panel
                                         
                                         format and then they kind of switched it to where it's just her and I think that that
                                         
                                         format works a lot better.
                                         
                                         I think it's a lot stronger, but I think this is the size of a movement move.
                                         
                                         Tom.
                                         
                                         I think, and I just looked up something here,
                                         
                                         I want to grab a couple dates.
                                         
    
                                         I think the move of her going to Twitter
                                         
                                         is as big as when Cheryl Sandberg went to Facebook.
                                         
                                         Cheryl Sandberg is not credited with making Facebook
                                         
                                         ad business.
                                         
                                         She's credited with making Facebook ad business. She is credited with making Facebook profitable.
                                         
                                         It was unprofitable until she got there
                                         
                                         and she put the ad business
                                         
                                         and the associated monetization programs in place.
                                         
    
                                         And she did so without diving in
                                         
                                         and changing what was on Facebook.
                                         
                                         The product guys were, excuse me,
                                         
                                         the product individuals were responsible for that.
                                         
                                         It led by Zach himself.
                                         
                                         And I think that that's what's going on here.
                                         
                                         I think that she's looked at it.
                                         
                                         This is how they're gonna monetize it.
                                         
    
                                         And that Elon Musk knows what he wants to do with the product.
                                         
                                         He knows what he's adding to the product.
                                         
                                         And I think he's been pretty sensible about it.
                                         
                                         So I think this is as big as Cheryl Sandberg going to Facebook in 2008.
                                         
                                         She made the company profitable in short order, and then they put her on the board of directors
                                         
                                         in 2012.
                                         
                                         Well, let me just give Kudos to you, because it's bleeds right into the previous story,
                                         
                                         which is speaking of Metta, Facebook, Twitter, everything they
                                         
    
                                         were talking about, Linda Yaccarino and Cheryl Sandberg.
                                         
                                         The story from Fox Business is reports of Instagram making Twitter competitor, prompts comment
                                         
                                         from Linda Yaccarino.
                                         
                                         You've said you've been very critical of Facebook, or basically all they do is just copy
                                         
                                         what their competitor is doing, or by their competitor, and they just make something different
                                         
                                         or improve upon it.
                                         
                                         And that's essentially what Instagram,
                                         
                                         they're like, holy shit,
                                         
    
                                         Elon's onto something,
                                         
                                         Linda Yaccharino, the new CEOs onto something.
                                         
                                         We're just gonna follow on their footsteps,
                                         
                                         which basically bleeds into the previous story.
                                         
                                         Cable news is dying,
                                         
                                         everything's going on to digital media these days,
                                         
                                         everything's going on to YouTube, Facebook, Meta.
                                         
                                         It's like the writings on the wall.
                                         
    
                                         And Elon Musk is essentially leading the charger.
                                         
                                         It's been there.
                                         
                                         Let me make a point about Facebook.
                                         
                                         I think that a lot of people Facebook
                                         
                                         is seeing a stodgy and old and irrelevant whatever.
                                         
                                         So I've got about closing up 500,000 followers on Facebook.
                                         
                                         I do videos on Facebook every single day.
                                         
                                         The ad revenue that you can make as an individual solo creator
                                         
    
                                         from Facebook videos, people have no idea.
                                         
                                         All right, people have no idea.
                                         
                                         And the reason that I'm so excited about Twitter
                                         
                                         as a creator, because if I keep you making
                                         
                                         those Facebook numbers, as myself, me personally
                                         
                                         as a creator, if I've been making those numbers
                                         
                                         on Twitter, game on.
                                         
                                         Without risk.
                                         
    
                                         Without risk.
                                         
                                         Without risk. Without risk.
                                         
                                         Without risking, yes, that's a good point,
                                         
                                         because there are certain things that I cannot say on Facebook.
                                         
                                         There are certain topics that I cannot go into on Facebook, but it's a huge deal.
                                         
                                         Linda, your carino game on everything we need to know about Instagrams Twitter clone do this summer.
                                         
                                         I love that.
                                         
                                         This is great. Just game on.
                                         
    
                                         I love that answer.
                                         
                                         Competition.
                                         
                                         Yeah, I love that answer she gives right there.
                                         
                                         Okay, so next story we can go to,
                                         
                                         let me see what story I'm going to go into here. Let's do Tucker Carlson, sends legal threat to
                                         
                                         pack urging him to run for president. It's kind of interesting move here by his lawyers.
                                         
                                         So Tucker Carlson's lawyer, Harmeet Dillon, has issued a legal threat to the draft
                                         
                                         Tucker PAC stating that Carlson will not run for president
                                         
    
                                         in 2020 on any circumstances.
                                         
                                         Dillon warned the group to seize its effort and vow to use legal
                                         
                                         means to protect Carlson's rights and supporters.
                                         
                                         The draft Tucker PAC released a video and add urging
                                         
                                         Tucker to run for president, praising
                                         
                                         his ability to combat leftists in both parties, parties and comparing him to the late
                                         
                                         Rush Limbaugh.
                                         
                                         Dylan responded on Twitter, declaring that the pack was unauthorized and criticizing
                                         
    
                                         Newsmax for airing the ad.
                                         
                                         She warned donors about being deceived and urged them not to contribute to the pack.
                                         
                                         This pack is unauthorized, fruitless, to contribute getting ripped off.
                                         
                                         They owe their viewers better than this wrap.
                                         
                                         Look, it's a scam pack.
                                         
                                         And obviously it's a scam pack.
                                         
                                         And in Harmeet,
                                         
                                         nose, the Harmeet is a deeply, deeply intelligent woman.
                                         
    
                                         So she knows what's going on here.
                                         
                                         And what a lot of people don't understand
                                         
                                         about the political world is like,
                                         
                                         number one, it's full of grifters.
                                         
                                         And it's full of people that are running hustles
                                         
                                         and running grifts.
                                         
                                         And so you got a bunch of people,
                                         
                                         probably nobody knows who is behind this scam pack,
                                         
    
                                         but a bunch of people that had enough money
                                         
                                         to put together to, you know, renounce on Newsmax,
                                         
                                         and they're basically saying,
                                         
                                         we're gonna use Tucker's name
                                         
                                         and we're gonna bring in all of this money.
                                         
                                         Nobody knows who these people are,
                                         
                                         nobody knows where this money is going, whatever.
                                         
                                         It's a scam.
                                         
    
                                         Harmeet saw it, Tucker saw it, and they're like, they want to put it into it.
                                         
                                         And is this normal?
                                         
                                         Is this common?
                                         
                                         This has happened.
                                         
                                         Oh my gosh.
                                         
                                         In the swamp.
                                         
                                         Oh my goodness.
                                         
                                         Are they trying to, is this an organization that sincerely wants to help Tucker run or
                                         
    
                                         no, they're just trying to make some money?
                                         
                                         I believe that these people are trying to make money and they're trying to use the biggest
                                         
                                         name in our space,
                                         
                                         probably one of the biggest names in America to do it.
                                         
                                         This is what Sebastian Gorko was talking about yesterday
                                         
                                         with Trump and how basically the parasites,
                                         
                                         basically, black had them,
                                         
                                         and just trying to siphon off money from Trump world.
                                         
    
                                         They are political consultants,
                                         
                                         and if it's an even year, even number year,
                                         
                                         they make even more money.
                                         
                                         Yep.
                                         
                                         Good one, that's how it works.
                                         
                                         And they make money whether or not their candidates win or lose.
                                         
                                         They do.
                                         
                                         People do not understand about the swamp.
                                         
    
                                         Like the pollsters.
                                         
                                         I don't have to be right.
                                         
                                         Yeah, they don't have to be.
                                         
                                         I just have to be retained.
                                         
                                         Yeah.
                                         
                                         These people are scammers, they're grifters.
                                         
                                         The swamp is full of these people,
                                         
                                         and they will take a big name,
                                         
    
                                         and they will use that name to make money.
                                         
                                         Because the, and this is what I don't like about this entire situation, is that they literally
                                         
                                         they underestimate the intelligence of the audience, of the magabase of whatever.
                                         
                                         And in their minds, in the minds of some of these scammers, the magabase is a bunch of
                                         
                                         rubs to be grifted.
                                         
                                         Interesting.
                                         
                                         All right.
                                         
                                         Well, I can tell you there's a lot of people that would like to see the guy run, but I know
                                         
    
                                         that's not what he wants to do.
                                         
                                         He wants a different life.
                                         
                                         If he did, I think he's got a big follow.
                                         
                                         I actually think he would bump into the number two spot overnight.
                                         
                                         I think he's that powerful of a guy, and likable because remember, the keyword is what?
                                         
                                         Winning you win the people, you win your freedom, he's one people.
                                         
                                         He's one people. It's the hardest thing to do.
                                         
                                         Okay, next story, China Taiwan tensions could grip
                                         
    
                                         2024 elections as Musk Buffett and Dalio sounds along
                                         
                                         this as a CNBC story, influential business leaders,
                                         
                                         such as Elon Musk Buffett and Dalio raising concerns
                                         
                                         about the escalating tensions between US and China,
                                         
                                         over time on with implications for 2024 election,
                                         
                                         Musk emphasizes the inevitability of the situation
                                         
                                         and its adverse impact on global companies
                                         
                                         while Buffett has divested from Taiwan's
                                         
    
                                         semiconductor manufacturing companies
                                         
                                         due to geopolitical concerns,
                                         
                                         Dalio warns of the risk of a warlike scenario
                                         
                                         between the two superpowers.
                                         
                                         The issue of Taiwan is becoming a focal point
                                         
                                         in the political landscape
                                         
                                         with Republican contenders like Rondes Santos,
                                         
                                         Glenn Youngkin, and John Bolton highlighting the need
                                         
    
                                         to deter a potential Chinese invasion of the island.
                                         
                                         Lawmakers are introducing legislation
                                         
                                         to counter China's growing influence.
                                         
                                         The 2024 election cycle is expected to bring
                                         
                                         increased anti-Chinese rhetoric
                                         
                                         and a focus on addressing China's actions, Tom.
                                         
                                         Well, what's really interesting is, you've been listening to this podcast long enough.
                                         
                                         You knew that a year ago we called this.
                                         
    
                                         We said that what was going on in Taiwan was about global market share of chips and to influence
                                         
                                         chips and to put spyware on chips.
                                         
                                         That's what this is about.
                                         
                                         This is not about we want to write the wrong because we sent Chiang Kai-shek to the
                                         
                                         Isle of Formosa, later named Taiwan, and we want to get our property back.
                                         
                                         That is the political spin, and that's part of the spin
                                         
                                         that comes out of the people's Republic of China government.
                                         
                                         If you take a look at this chart,
                                         
    
                                         we showed this before, and it hasn't changed.
                                         
                                         This is the market share of advanced semiconductor manufacturing
                                         
                                         in the world, the world.
                                         
                                         Look at Taiwan and look at South Korea, Samsung.
                                         
                                         That is almost 80% of the world.
                                         
                                         And we've seen announcements coming up
                                         
                                         because people are waking up to this
                                         
                                         and realize it's not about China taking back Taiwan
                                         
    
                                         because it's their beloved island in homeland.
                                         
                                         They want the chips.
                                         
                                         And so when China, you saw that, we covered on podcasts about three weeks ago, right?
                                         
                                         Apple made an announcement. They were making a deal with India to manufacture iPhones in India.
                                         
                                         Now Apple's announcing they want to make a deal with Broadcom to get chips. You also see that now
                                         
                                         Buffett divested himself the TSMC. there it is right there tywan semiconductor manufacturing company
                                         
                                         buffett was an investor in the largest chip maker in the world he is pulled back
                                         
                                         why it's risk
                                         
    
                                         it's full risk that's what's going on here and in the election year
                                         
                                         this is a business story this is a foreign policy story and this is an
                                         
                                         inflation story
                                         
                                         because what's about to happen. And you see challenges that US companies
                                         
                                         were having getting permits to build,
                                         
                                         what's called a fab.
                                         
                                         It's a chip fab when you hear that in local news,
                                         
                                         that's a factory.
                                         
    
                                         So if you hear a chip fab's coming to town,
                                         
                                         that's good.
                                         
                                         That's usually a lot of jobs making chips here in the United States.
                                         
                                         But that's what's going on in Taiwan.
                                         
                                         Everybody is woken up to something
                                         
                                         that we were saying here on the podcast a year ago
                                         
                                         and now you even see Apple who's cozy with China
                                         
                                         saying, yeah, I need manufacturing in India.
                                         
    
                                         I need chips made elsewhere
                                         
                                         because they're all starting to sweat.
                                         
                                         I'll just add to this, you know,
                                         
                                         part of the listeners or everyone that shout out
                                         
                                         to the value-tainers that listen to what we talk about here.
                                         
                                         If there's one thing I've learned since being a part of the P.B.D. podcast for three years,
                                         
                                         is just, can't understate the situation that's going on with China.
                                         
                                         Okay, so yesterday you did a poll, major concerns, what should campaigns be about?
                                         
    
                                         You put Ukraine, you put Epstein, I think that was the whole thing.
                                         
                                         You know, immigration, healthcare, everyone can give their top five. Here's what I will tell you,
                                         
                                         and I'll speak in very plain language. Whatever candidate puts China relations in a top five scenario,
                                         
                                         that is exactly where I'm going to be gravitating my vote for because it does not get spoken
                                         
                                         about I know Trump did China and everything that happened with that, but it's such an important
                                         
                                         situation that's going on in international relations with China.
                                         
                                         And it can't be understated.
                                         
                                         But also international relations as well, but also just in the amount of massive influence
                                         
    
                                         that China has over our culture,
                                         
                                         over our entertainment industry,
                                         
                                         over our business sector,
                                         
                                         all of that other stuff.
                                         
                                         And making our medicine,
                                         
                                         making our medicine,
                                         
                                         all of these things.
                                         
                                         Giving us COVID?
                                         
    
                                         Yeah, the fentanyl that's coming into this country
                                         
                                         from China, I like all of that stuff.
                                         
                                         And even thinking about TikTok, right?
                                         
                                         And I'm not necessarily in the band TikTok thing,
                                         
                                         but you have to think about what are these images
                                         
                                         that are being put through this platform
                                         
                                         and that are being disseminated to the youth of our country,
                                         
                                         okay, divisive stuff.
                                         
    
                                         You got people dying in TikTok challenges,
                                         
                                         all of this other stuff.
                                         
                                         This is literally cultural and psychological warfare
                                         
                                         to the level to which we've never seen before.
                                         
                                         And nobody wants to talk about this stuff,
                                         
                                         least of all, a lot of these politicians
                                         
                                         who are in some way owned by China.
                                         
                                         I do believe personally, I don't know if I'm
                                         
    
                                         being in trouble for saying this,
                                         
                                         I believe that Biden is in some way compromised by China.
                                         
                                         Something on that laptop, like something that is going on,
                                         
                                         they've got something on this guy, okay?
                                         
                                         And if we don't have politicians that are willing to stand up,
                                         
                                         people that want to lead this country,
                                         
                                         people that want to lead America into the revival
                                         
                                         that this country needs,
                                         
    
                                         if they're not going to stand up to China,
                                         
                                         if they're not going to stand up as they're talking about this,
                                         
                                         I don't want to hear anything they have to say.
                                         
                                         So I'm with you on that.
                                         
                                         I think a lot of people are there with you.
                                         
                                         Matter of fact, talking about Biden, Hillary Clinton says,
                                         
                                         Biden's age is a legitimate issue.
                                         
                                         People have every right to consider it is what she said.
                                         
    
                                         During an interview at the Financial Times weekend,
                                         
                                         Facebook Clinton addressed Biden's stumble.
                                         
                                         At the G7 summit, saying every time that happens,
                                         
                                         your heart is in your mouth because these things
                                         
                                         could be consequential, is that a concern?
                                         
                                         It's a concern for everyone.
                                         
                                         While other Democrats have dismissed age-related concerns,
                                         
                                         Clinton expresses
                                         
    
                                         her belief that Biden can be reelected, stating, I obviously hope he stays very focused and
                                         
                                         able to compete in the election because I think he can be reelected, and that's what
                                         
                                         we should all hope for. Then Joe Biden peddles his worst lie in front of US Marines during
                                         
                                         Japan, which this is, this is just uncomfortable, it's awkward, it doesn't make any sense to make this kind of a blunder.
                                         
                                         During his trip in Japan,
                                         
                                         President Joe Biden falsely claimed
                                         
                                         my son was a major in the US army.
                                         
                                         We lost him in Iraq, referring to his son Bo's death.
                                         
    
                                         However, Bo died of brain cancer.
                                         
                                         In America, Biden has repeatedly made this
                                         
                                         false statement to portray himself as a gold star parent and score political points.
                                         
                                         The president's erroneous remark occurred during an informal visit with troops at Marine
                                         
                                         Corps, Air Station Awakuni. The traveling press corps was kept at a distance and the White
                                         
                                         House did not release an official transcript
                                         
                                         potentially allowing the error to go unnoticed by the public.
                                         
                                         The fabrication has been previously called out,
                                         
    
                                         including by the New York Times,
                                         
                                         Biden's false claim diminishes the sacrifices
                                         
                                         of those who died in combat and is seen as shameless
                                         
                                         and disrespectful, equating his son's death
                                         
                                         from cancer with the deaths of soldiers in Iraq and Afghanistan is deeply problematic.
                                         
                                         It's the same old clip.
                                         
                                         Do you have the clip?
                                         
                                         Yes, go for it.
                                         
    
                                         I'm son, major, Mr. Army, I'm watching the Iraq.
                                         
                                         Thank you, Mr. Army, I'm from Parnspar, thank you all.
                                         
                                         All of our country, thank you, thank you, thank you, thank you.
                                         
                                         I need to be dead, no, that's just, that's the, Tristan. Thank you, thank you, thank you, thank you. I need to be that guy.
                                         
                                         That's just, that's the, go ahead.
                                         
                                         Chainful, infuriating.
                                         
                                         I'm a veteran, you're a veteran as well.
                                         
                                         And look, with this speaks to his fact,
                                         
    
                                         this is somebody that's obviously a mental decline.
                                         
                                         If you watch Joe Biden, if you watch his action,
                                         
                                         you see him sumbling up these steps,
                                         
                                         you see him tripping over the teleprompter,
                                         
                                         if you see him telling these outright lies,
                                         
                                         this is somebody that needs to be sitting down
                                         
                                         on an rocking chair on a porch right now playing with his grank.
                                         
                                         Is this not somebody that needs to be the leader
                                         
    
                                         of the free world?
                                         
                                         But here's the thing, he has given a pass on this
                                         
                                         over and over and over again,
                                         
                                         because when he lies, who's gonna point it out?
                                         
                                         Conservative media, the New York Post, et cetera, et cetera.
                                         
                                         And mainstream media is just going to pretend
                                         
                                         that this doesn't happen. They're just going to,
                                         
                                         you know, just, just sweep it under the rug. And I want to get back to one thing about Hillary Clinton
                                         
    
                                         making the remark about Biden's age. And this is going to be an unpopular opinion. I love
                                         
                                         Hillary Clinton. I'm obsessed with her. She is so evil. She is so unbelievably evil. She is my
                                         
                                         favorite supervillain. She's like Thanos in the Avengers.
                                         
                                         Like this is why I love Hillary Clinton so much
                                         
                                         because she is just so fundamentally evil.
                                         
                                         And what you have to understand about a supervillain
                                         
                                         that is as fundamentally evil as Hillary Clinton is,
                                         
                                         that there is not a word that comes out of her mouth
                                         
    
                                         that does not have a political motive behind it.
                                         
                                         She knew exactly what she was saying right there.
                                         
                                         She knew that these remarks were gonna go viral
                                         
                                         and there is a point.
                                         
                                         There is a reason behind her talking about Biden's mental decline
                                         
                                         and his cognitive decline and all of this other stuff.
                                         
                                         Does that mean that she's trying to get in,
                                         
                                         I don't put anything past Hillary Clinton at this point?
                                         
    
                                         Does this mean that they're trying to get somebody
                                         
                                         to run against Biden? Who knows? But the blood is in the water. Hillary Clinton, that villain,
                                         
                                         that evil human being right there saying this, there's some political motivations.
                                         
                                         No doubt that she has an agenda every time she speaks. Can we play this clip, Rob? Yeah,
                                         
                                         it's like, is she running or is she still pissed at him? That's what I was thinking when
                                         
                                         I heard it.
                                         
                                         Can you raise the audio? They're whispering.
                                         
                                         It's really that low.
                                         
    
                                         Well, I mean, it's a concern for anyone. And we've had presidents who've fallen before, who were a lot younger, and people didn't go into, you know,
                                         
                                         heart palpitations.
                                         
                                         But his age is an issue, and people
                                         
                                         have every right to consider it.
                                         
                                         But, you know, he has this great saying, and, you know,
                                         
                                         I think he's right.
                                         
                                         You know, you know, don't judge him by running
                                         
                                         against the Almighty, but against the alternative.
                                         
    
                                         And I am, you know, of the camp that I think, you know, he's determined to run.
                                         
                                         He has a good record that three years ago, people would not have predicted what have gotten
                                         
                                         done.
                                         
                                         He doesn't get the credit yet that he deserves. That is what is happening out in the country.
                                         
                                         By the way, you know, but people call a lot of people as a greatest poker players of
                                         
                                         all time.
                                         
                                         Is there a better poker player than her?
                                         
                                         She's got a two in a 10 and she'll look at you as if she's got pocket aces.
                                         
    
                                         There's not a better person in the game than Hillary Clinton.
                                         
                                         She may be the greatest poker player of all time.
                                         
                                         Look guys, this is what I, this is what I killed.
                                         
                                         She is the school positive. This is what I tell my player of all time. Look guys, this is what I, this is what I skilled, she is the skill positive.
                                         
                                         She is.
                                         
                                         This is what I tell my audience all the time.
                                         
                                         I have a problem at account there.
                                         
                                         I say this all the time,
                                         
    
                                         these people think that you are stupid.
                                         
                                         These people think that you're dumb.
                                         
                                         These people think that you do not know facts.
                                         
                                         These people think that you will believe everything
                                         
                                         that they tell you.
                                         
                                         So when Hillary Clinton sits on that stage
                                         
                                         and she talks about Biden having a good record, the expectation is that the people that are watching
                                         
                                         her are dumb enough to believe everything that she says.
                                         
    
                                         She by the way, I wonder if it's comedy, I wonder if she thinks people are dumb and I wonder
                                         
                                         if people actually buy what she has to say. Next story here, reparations fight growers as some cities push million dollar payments
                                         
                                         to black Americans are civic obligation.
                                         
                                         And so the battle of reparations intensifying the United States.
                                         
                                         This is a fox on the story with discussions at the local, state and federal levels, considering
                                         
                                         million dollar payments to black Americans.
                                         
                                         Representative Cory Bush and progressive lawmakers have introduced the reparations now
                                         
                                         of resolution, calling for $14 billion reparations,
                                         
    
                                         citing a moral and legal obligation
                                         
                                         to address the impact of slavery on black lives.
                                         
                                         Reparations initiatives have emerged at the municipal
                                         
                                         and state levels with proposals for direct payments
                                         
                                         and assistant programs.
                                         
                                         The California reparations tax force
                                         
                                         recommended $1.2 million payment to eligible black residents
                                         
                                         while evenston, even stint Illinois,
                                         
    
                                         Evanston Illinois approved a plan to provide $25,000
                                         
                                         for home repairs or down payments to qualify black residents,
                                         
                                         critics argue that reparations should not be pursued
                                         
                                         and that they divert attention from addressing
                                         
                                         critical issues in black communities.
                                         
                                         What are your thoughts on this?
                                         
                                         Look, there's a lot of thoughts.
                                         
                                         Number one, no greater than Bayard Rustin,
                                         
    
                                         who is a legendary icon of the civil rights movement.
                                         
                                         He's one of the ones that co-founded
                                         
                                         that co-organized the Marchion Washington.
                                         
                                         And this is Bayard Rustin said this in the 60s.
                                         
                                         And he said that his father was not a slave,
                                         
                                         nor was his grandfather, something like that.
                                         
                                         So in his mind, reparations was a silly conversation
                                         
                                         that we need to move forward from that.
                                         
    
                                         And so look, you have to understand that this is how the left, this is what the left does
                                         
                                         and this is what Democrats do when they're trying to appeal to black Americans.
                                         
                                         They have nothing substantial to offer black Americans in terms of policies.
                                         
                                         They know that their policies are actually detrimental to the lives of African Americans.
                                         
                                         So what do they do?
                                         
                                         Every election year comes up, here's the handout, here's some reparations, here's this, here's that.
                                         
                                         I don't know how long people are gonna fall for it.
                                         
                                         Look, when I came out as conservative five years ago
                                         
    
                                         and you saw the vice video and all that stuff
                                         
                                         and I was like, you know, right, like, you know,
                                         
                                         black people, like, we gotta wake up all of that
                                         
                                         and this is like, five years later, I do not know
                                         
                                         because they somehow continue to keep falling for this, right?
                                         
                                         And if they continue to keep falling for this stuff right? And if they continue to keep falling for this stuff, the Democrats are going to continue
                                         
                                         to keep pushing it.
                                         
                                         And one more point that I'll make about quote unquote reparations is that we have seen
                                         
    
                                         billions of dollars that the federal government has given in terms of programs to help advance
                                         
                                         African Americans in terms of welfare stuff, in terms of all of this other stuff.
                                         
                                         And what has that really done?
                                         
                                         All right?
                                         
                                         It hasn't really done a whole hell of a lot to benefit lower income black communities across
                                         
                                         the country.
                                         
                                         And the issue that these communities face is, again, not a political issue, it is a cultural
                                         
                                         issue.
                                         
    
                                         I was the great Alan West.
                                         
                                         I was watching one of his videos from my Facebook page yesterday and he made this, he basically was debating what this college left this and he basically said, the fundamental
                                         
                                         problems in the African-American community are not going to be solved by the government.
                                         
                                         They're going to be solved by the family structure.
                                         
                                         Why are there no men in the house?
                                         
                                         Where are the family structure?
                                         
                                         And the federal government has de-incentivized fathers in the household for the better part
                                         
                                         of the past 40, 50, 60 years.
                                         
    
                                         Until you fix that, all of these problems are never going to get fixed.
                                         
                                         But Democrats don't want to fix the problem.
                                         
                                         They want to pretend that they fix the problems, and they want to basically buy black votes.
                                         
                                         And that was me off.
                                         
                                         You know what?
                                         
                                         I'm going to follow that up with some facts here.
                                         
                                         And also, we need to look no further than our vice president who was a proponent of the California
                                         
                                         three strikes laws, and it was three strikes and then you spend your life in prison.
                                         
    
                                         So if you're a third conviction in your life in prison, but drug distribution
                                         
                                         convictions counted as a full strike. So an 18-year-old individual cells, two ounces of marijuana before it's legal, that's a strike.
                                         
                                         And it was Kamala Harris that pushed that in California, and it disproportionately,
                                         
                                         you know, imprisoned for those relatively minor drug distribution offenses. I'm talking about
                                         
                                         fentanyl. I'm talking about pot, talking about pot. Tom at marijuana grass. And she put an enormous amount of men of color in the California state
                                         
                                         prisons. Yeah, Kamala the cop. Kamala the exist. That's it. You ever see those memes? It was like Kamala
                                         
                                         Harris and the Kamala the cop. Yep. Well, let me ask you. I feel like you're a good person to
                                         
                                         ask about this.
                                         
    
                                         I'm actually here representing all by people.
                                         
                                         Of course, that's why I'm usually
                                         
                                         as a representative.
                                         
                                         That's exactly why I'm asking this question.
                                         
                                         The, I'll be a winner.
                                         
                                         They're talking about $14 trillion in reparations, okay?
                                         
                                         What's our GDP?
                                         
                                         22 trillion, so we're talking almost two thirds of our US economy GDP going towards reparations.
                                         
    
                                         Yeah. And also dummies. Where is the money coming from?
                                         
                                         Yeah. I don't want to go math here. I'm not trying to go, you know, identity politics. I'm not trying to
                                         
                                         call anybody names here. I want to understand, where is this money actually coming from?
                                         
                                         Is he California in San Francisco?
                                         
                                         I didn't dodge it, go there recently.
                                         
                                         They're talking about giving people five million dollar checks.
                                         
                                         How is this being funded?
                                         
                                         Fundamentally, they wanted to come from the tax dollars,
                                         
    
                                         and here's the thing, like if you...
                                         
                                         We got a fucking debt ceiling.
                                         
                                         We can barely pay our own freaking bills.
                                         
                                         Of course, but the state's going to do it.
                                         
                                         So, we're trillion dollars a month. So, where is state's going to do it. So $3 trillion of debt.
                                         
                                         So where is this money coming from?
                                         
                                         Yeah.
                                         
                                         So I want you to understand.
                                         
    
                                         I want you to understand.
                                         
                                         Just a small thank you over here.
                                         
                                         They'll try to come up with some trillions.
                                         
                                         I want you to understand the reasoning behind what they do it and how this also ties into
                                         
                                         the sort of the anti-capitalism, anti-millionaire, billionaire rhetoric that they also try to push
                                         
                                         to left this.
                                         
                                         Okay.
                                         
                                         So on one hand, they're gonna say,
                                         
    
                                         you are entitled to reparations because you're so black
                                         
                                         and you're so oppressed and the legacy of slavery
                                         
                                         and the trauma and all that other stuff.
                                         
                                         And you're entitled to this money.
                                         
                                         You are not meant to think where the money
                                         
                                         is supposed to come from.
                                         
                                         Okay, it's obviously gonna come from taxpayer dollars.
                                         
                                         It's obviously gonna come from the federal government, right?
                                         
    
                                         But if you have a group of people that are so anti-capitalist, anti-millionaire,
                                         
                                         anti-billionaire, whatever, they're never really good.
                                         
                                         They're not thinking about tax.
                                         
                                         My ex-best friend was a total Bernie Sanders leftist.
                                         
                                         He was perfectly thrilled to just take taxpayer money.
                                         
                                         These are not the people
                                         
                                         that are gonna be paying for that stuff, right?
                                         
                                         And so fundamentally, if you get these people
                                         
    
                                         to hate capitalism, hate millionaires, hate billionaires,
                                         
                                         and then say there's all this free money
                                         
                                         that's gonna be coming to you because you're such a victim
                                         
                                         and vote for us and we'll do it,
                                         
                                         of course it's gonna be tax dollars,
                                         
                                         but they're not thinking about the fact
                                         
                                         that this is literally their own money
                                         
                                         that they're going to be getting back.
                                         
    
                                         I think they have to be very careful with this
                                         
                                         because do you know, when you look at numbers like this,
                                         
                                         do you know who the first slave owner was in America?
                                         
                                         Do you know the first ever slave owner in America?
                                         
                                         Do you actually know this?
                                         
                                         It was a black man.
                                         
                                         It was a black man.
                                         
                                         It was Anthony Johnson.
                                         
    
                                         If you just type in first Anthony Johnson,
                                         
                                         was the first slave owner in America.
                                         
                                         So this is kind of, when you go through the stats and you go
                                         
                                         through stories and you go through what happened and you go through the moment with Don Lemon that he
                                         
                                         brought that one lady on and he's asking about what do you think about reparations. Yeah, we should
                                         
                                         go back to the Africans who are the original, you know, slave owners. Yeah, we really need to
                                         
                                         look into this. You know, we really need to look into this. You know, when you do things like this,
                                         
                                         it's a travesty, what happened in slavery?
                                         
    
                                         Listen, man, I'm Armenian.
                                         
                                         Armenian genocide.
                                         
                                         I'm half a Syrian.
                                         
                                         A Syrian genocide, Greeks.
                                         
                                         What the Turks did to them.
                                         
                                         It's catastrophic.
                                         
                                         It's terrible what happened to those folks.
                                         
                                         Terrible what happened to...
                                         
    
                                         The Holocaust.
                                         
                                         Holocaust.
                                         
                                         So, Slim, nobody's sitting here saying any of that stuff.
                                         
                                         But I think the way
                                         
                                         this is going about is another thing to run for election. And I think it may get a lot of people's
                                         
                                         attention to say, can we win some more African-American votes? But what you pointed out earlier is the gay
                                         
                                         vote you were saying, 70%, 30% voted for Trump in 2016 or 2020. It was, I think those numbers came out in 2020.
                                         
                                         2020, when you think about that.
                                         
    
                                         And then the African-American vote,
                                         
                                         for the longest time, Democrats have had 92% of the votes
                                         
                                         since 1964, and it's gone to 88%, 84%.
                                         
                                         So it's kind of going in a different direction to say,
                                         
                                         like, I don't know what the Democrats have done for me.
                                         
                                         Nothing's really changed in my life when I look back.
                                         
                                         You just make my, the top 20, 30 cities in crime in America,
                                         
                                         27 are driven by Democrats.
                                         
    
                                         So this NAACP is sitting there saying,
                                         
                                         hey, you should not go to Florida.
                                         
                                         Great, that's great.
                                         
                                         Why don't you talk?
                                         
                                         So you want people to go to the top 20, 30 cities
                                         
                                         where 27 are Democrats and they're not safe.
                                         
                                         They can say these things, but the opposition argument is going to be
                                         
                                         very easy to come back to this. I want to go to this other story. Rob, can you pull
                                         
    
                                         up the story of what happened in Iran, okay? This is going to sound like it's out of a
                                         
                                         movie, it's not. This is not out of a movie. I'll send a link to you on what just happened in Iran. And if you read this, you're
                                         
                                         almost going to say, yeah, I don't know if this is true. Iran has hanged three people on
                                         
                                         drug charges and it continues, continued criticism of its execution practices, increased death
                                         
                                         penalty sentences. The three men identified as Shahab, Mansur, Nasab, Samad, Jairvant, and Said, Jairvant
                                         
                                         were hanged after more than 39 kilograms of heroin.
                                         
                                         They're saying that's what the reason was.
                                         
                                         Precurses and processing equipment were confiscated with them.
                                         
    
                                         Judiciary website said on Sunday.
                                         
                                         Now that's the story you're reading. I'll give you another
                                         
                                         story for you to read, Rob, is this one about to send to you? These guys that just went through this,
                                         
                                         they were anti-government protest, they were not supporting what they're doing in Iran today, and
                                         
                                         they spoke out about it. If you can pull up the link, I just sent you.
                                         
                                         And Iran sits there and says, yeah, this is kind of, we got to make a statement too.
                                         
                                         So Iran executes three men accused over anti-government protests.
                                         
                                         Iran has executed three men.
                                         
    
                                         They said it was implicit in their deaths of three members of security forces during anti-government
                                         
                                         protests, drawn condemnation from rights groups and the EU, and risking further international
                                         
                                         isolation.
                                         
                                         So, that story you pull up was a different story than this one here, Rob.
                                         
                                         These are two different stories.
                                         
                                         Saleh Mirashemi, Magi Khlasemi, Zaid Yaqobi were killed on Friday morning.
                                         
                                         The Tastim Agency reported, crowds had gathered outside the prison where they were being held
                                         
                                         on Thursday night as rumors are their imminent execution grew.
                                         
    
                                         Cultural figures inside and outside Iran, as well as family members, had steeped, had stepped
                                         
                                         up a campaign over the past weekend to halt the executions on the grounds that Iranian
                                         
                                         authorities had failed to produce definitive evidence of the men responsibly for the deaths
                                         
                                         of two members of Basiege, parliamentary force, and law enforcement officers on 16 November.
                                         
                                         So it goes and goes, tell them these different stories.
                                         
                                         Go on Twitter now to see what's trending right now.
                                         
                                         Go on Twitter to see what's trending right now.
                                         
                                         Go to Twitter and see on the right what's trending.
                                         
    
                                         King, if you go to more of them to show,
                                         
                                         one of them should be King Resopalavi,
                                         
                                         is trending 16, 17,000 on my screen.
                                         
                                         It shows as number three.
                                         
                                         If you're typing King Resaupalavi,
                                         
                                         you make it have a hard time spelling that.
                                         
                                         Here's what's going on with Iran.
                                         
                                         When events like this happen, Iran just a year ago,
                                         
    
                                         they had so much momentum, so much momentum
                                         
                                         what was going on.
                                         
                                         You're seeing Resaupalavi, the son of King Resaupalavi,
                                         
                                         the gentleman right there,
                                         
                                         you know, have at multiple meetings together,
                                         
                                         had multiple conversations together,
                                         
                                         people in Iran are starting to worry about what's gonna happen,
                                         
                                         and he is all over the place right now,
                                         
    
                                         talking about the fact that this is an opportunity
                                         
                                         for Iran to be free.
                                         
                                         We can live in a country like America
                                         
                                         for people that complain about America.
                                         
                                         It was the last time you went outside and you say,
                                         
                                         you know what, they're hanging three different people today outside of DC.
                                         
                                         Yeah, you know what happened.
                                         
                                         These guys talked against the president and they're hanging out.
                                         
    
                                         What?
                                         
                                         You're serious?
                                         
                                         That would never have.
                                         
                                         I just had a movie.
                                         
                                         No, that actually just happened in Iran.
                                         
                                         Those types of things are still happening in countries like Iran and it's such a weird position
                                         
                                         for them to be in,
                                         
                                         because on one end, parents want to see Iran be free again,
                                         
    
                                         but the fear of getting their kids to be motivated by this,
                                         
                                         and they go out there and all of a sudden,
                                         
                                         like, man, I lost my son.
                                         
                                         The parent doesn't want to experience risk and something like that.
                                         
                                         So you can encourage them and say,
                                         
                                         look, keep fighting.
                                         
                                         I was like, you're not even in here to know how ugly it is.
                                         
                                         What do you mean keep fighting?
                                         
    
                                         It is a decision they need to be making.
                                         
                                         But one of my dreams is to one day take my kids to Iran
                                         
                                         to Qiyabana Hojjat and show them where their father was raised
                                         
                                         and I lived there 10 years and how the history of this empire
                                         
                                         that they went from being where they were out to do.
                                         
                                         King, building Iran into a place where women finally had a voice.
                                         
                                         But it'll be interesting
                                         
                                         to see what happens here. I like seeing him all over the place. The sun talking about this,
                                         
    
                                         there's more and more momentum going on there. But this was a tragic event that just took
                                         
                                         place in Iran this week.
                                         
                                         And this is amazing perspective. Something that really clicked for me is when you shared
                                         
                                         the story when you first came into America and your mom was watching just regular news
                                         
                                         and the commentator was saying something negative
                                         
                                         about her president and what was her reaction?
                                         
                                         She says poor guy, they're going to kill him tomorrow.
                                         
                                         Because that's normal in Iran, you don't talk against
                                         
    
                                         presidents, that's just not something you do in Iran.
                                         
                                         You don't do that.
                                         
                                         In America, it's normal.
                                         
                                         In America, it's a business model.
                                         
                                         Like we're doing it today. Last two hours, this is what we've been doing, though You don't do that. In America, it's normal. In America, it's a business model. Like, we're doing it today.
                                         
                                         Last two hours, this is what we've been doing.
                                         
                                         I'd be homeless.
                                         
                                         Yeah, otherwise.
                                         
    
                                         You wouldn't be homeless, maybe five of us outside today.
                                         
                                         So it's like, hey, Rob's gonna say, look,
                                         
                                         I'm just working here, man, I wasn't doing anything.
                                         
                                         I'm just having my drink and enjoying it.
                                         
                                         But it be me, Adam, Rob and Tom,
                                         
                                         outside of it, I take my statement being made,
                                         
                                         talk about us one more time.
                                         
                                         That would be the case in Iran.
                                         
    
                                         Okay, so I'll wrap up with the story
                                         
                                         from Wall Street Journal, get a couple of commentary
                                         
                                         and wrap this up.
                                         
                                         Does God exist?
                                         
                                         Only half of Americans say a definite yes.
                                         
                                         This is a story on page 18 if you wanna go to it.
                                         
                                         So only 50% of Americans are certain about the existence
                                         
                                         of God according to the General Social Survey.
                                         
    
                                         This marks a decline from 60 percent over 60 percent in 2008. Indicating a shift in religious
                                         
                                         beliefs, the survey also reveals that 34 percent Americans never attend church. The highest
                                         
                                         figure recorded in five decades, additionally, the number of Americans claiming no religion
                                         
                                         has increased from 27 percent in 2022 up from 19% in 2012,
                                         
                                         while religious affiliation and church attendance
                                         
                                         continue to decline, belief in some form of higher power
                                         
                                         remains prevalent, nearly three quarters of Americans
                                         
                                         believe in life after death,
                                         
    
                                         and only seven percent of population identifies,
                                         
                                         as atheists, despite these trends,
                                         
                                         the United States remains relatively religious
                                         
                                         compared to other countries.
                                         
                                         So now, here's so wild about this.
                                         
                                         Half of America, more than half of America
                                         
                                         believe the Russia collusion was a real deal.
                                         
                                         So they're willing to believe a fake narrative like that
                                         
    
                                         for three years and then Durham comes on and points it up
                                         
                                         but they have a hard time believing in God.
                                         
                                         But I have to see it.
                                         
                                         Because I have to see it to believe that there's a God.
                                         
                                         Dude, you never saw anything about Russia, but you believe, believe in Russia, Galugian.
                                         
                                         When you have to see it, no, but you know what, there was a little bit of Russian stuff
                                         
                                         going on.
                                         
                                         No, there was nothing going on.
                                         
    
                                         It was just something that you believed in.
                                         
                                         So, the second concern here is the following.
                                         
                                         You know, you know who historically governments and establishments always feared, who they've feared, they've always feared men and women
                                         
                                         who believed in a higher power above the government,
                                         
                                         above the establishment.
                                         
                                         The establishment doesn't like that,
                                         
                                         because the establishment secretly,
                                         
                                         their desire is to be God.
                                         
    
                                         Their dream is to be God, their dream is to be God. Their dream is to be fear.
                                         
                                         They dream is their jealous.
                                         
                                         You know, it says God is jealous.
                                         
                                         The establishment is way more jealous than God is.
                                         
                                         They want all the attention.
                                         
                                         They want all the control.
                                         
                                         They want all the limelight.
                                         
                                         The difference between a relationship with a God where it's free will, you and I get to
                                         
    
                                         make some dumb choices and we do on a daily basis.
                                         
                                         And we go through that and we pay the price for it.
                                         
                                         The establishment doesn't want to give you the free will.
                                         
                                         The establishment wants you to do what they want you to do.
                                         
                                         They want to control you.
                                         
                                         So, you know, for me, there's a part of this
                                         
                                         that for some people that are listening to this,
                                         
                                         everybody falls into one of three categories.
                                         
    
                                         You're either part of the oblivious camp,
                                         
                                         which is a big percentage, let's say 80% is the oblivious camp.
                                         
                                         What is the oblivious camp?
                                         
                                         Man, I don't have time to pay.
                                         
                                         I don't really have an influence.
                                         
                                         You think I vote really counts.
                                         
                                         I just want to have my beer and watch a football game.
                                         
                                         And you know what?
                                         
    
                                         I don't even know what's going on with Bud Light.
                                         
                                         I'll go to Cores and Heineken.
                                         
                                         I don't know what's going on.
                                         
                                         The oblivious crowd.
                                         
                                         Okay.
                                         
                                         Number two is the anti-establishment crowd.
                                         
                                         The anti-establishment crowd.
                                         
                                         Historically, who is in that camp? Let's give some names. Andrew Jackson, anti-establishment crowd. The anti-establishment crowd, historically, who is in that camp?
                                         
    
                                         Let's give some names.
                                         
                                         Andrew Jackson, anti-establishment crowd.
                                         
                                         John F. Kennedy, the Kennedy's, anti-establishment crowd.
                                         
                                         Ronald Reagan, anti-establishment crowd.
                                         
                                         Ross Perot, anti-establishment crowd.
                                         
                                         Trump, anti-establishment crowd.
                                         
                                         Bernie Sanders, anti-establishment crowd until he caved.
                                         
                                         Elon Musk, anti-establishment crowd.
                                         
    
                                         I can go on and on, give you so many different names ronno raging
                                         
                                         out of all the money that was spent in his campaign he spent nine point six
                                         
                                         percent of his own money to put into it
                                         
                                         trump was seventy two percent rass pro was ninety seven percent
                                         
                                         didn't take any money from anybody
                                         
                                         when kennedy was running his father said i will use one hundred percent of my
                                         
                                         life savings
                                         
                                         to make sure my son ends up becoming a president.
                                         
    
                                         He only ended up using 50% of the entire campaign.
                                         
                                         I think it was like 25 million bucks
                                         
                                         at a time where Joseph Kennedy was worth $400 million
                                         
                                         in the 60s.
                                         
                                         So you look at some of these things
                                         
                                         and you look at Hillary Clinton.
                                         
                                         You know how much money she spent on her campaign?
                                         
                                         Zero of her own money.
                                         
    
                                         You know how much Biden spent on the campaign?
                                         
                                         Nothing.
                                         
                                         They don't go and use their own money.
                                         
                                         They use money from other people. They're the establishment, they're controlled. You have to know the direction of fate. You may how much Biden spent on the campaign? Nothing. They don't go and use their own money. They use money from other people. They're the establishment. They're
                                         
                                         controlled. You have to know the direction of fate. You may say, Pat, what does this have
                                         
                                         to do with God? This is what it has to do with God. I'm a pretty paranoid guy. I'm a skeptical
                                         
                                         guy. This is what happens when you're Middle Eastern. You naturally have a hard time for
                                         
                                         the establishment. You naturally have a hard time for the establishment, you naturally have a hard time
                                         
    
                                         with faith, church.
                                         
                                         I was an atheist for 25 years of my life,
                                         
                                         because I saw stuff in church and I didn't like it,
                                         
                                         and I saw stuff in the government, I didn't like it.
                                         
                                         I saw the gamesmanship, all this other stuff.
                                         
                                         Here's what I will tell you.
                                         
                                         The more your family and your kids don't believe in a higher power,
                                         
                                         they will replace that with another higher power.
                                         
    
                                         And that higher power is you when you're alive, but when you die,
                                         
                                         that higher power could end up being the government when you're dead.
                                         
                                         I would much rather have my kids make the mistake of believing there's a God
                                         
                                         and when they die, they realize there isn't, then risk my kids, not believe in there's a God,
                                         
                                         and they make the government be in the God,
                                         
                                         and then risk being controlled and we die
                                         
                                         where like shoot, there was a God.
                                         
                                         The risk is better having faith in your life
                                         
    
                                         because you don't fear powerful men.
                                         
                                         Men of faith don't fear the establishment.
                                         
                                         Men of faith don't fear dying
                                         
                                         because they believe there's afterlife.
                                         
                                         Men of faith speaking a complete different way than men of the establishment.
                                         
                                         If there's ever been a time, ever, I told you last night, what I tell you last night,
                                         
                                         at 10 o'clock at night, what I say to you last night.
                                         
                                         I said a lot, but a lot of time.
                                         
    
                                         But the church part, what I say to you, go to temple, go to temple.
                                         
                                         Go to temple.
                                         
                                         I'm not even a Jew.
                                         
                                         I said go to the temple. You're a Mormon, you're not going to church, go to your church. You're Catholic, you're not go to church. Go to temple. I'm not even a Jew. I said, go to the temple.
                                         
                                         You're Mormon.
                                         
                                         You're not going to church.
                                         
                                         Go to your church.
                                         
                                         You're Catholic.
                                         
    
                                         You're not going to go.
                                         
                                         You're Christian.
                                         
                                         You're not going to go.
                                         
                                         I don't care what it is.
                                         
                                         I will much rather have a person believe in a faith.
                                         
                                         This is not a faith debate.
                                         
                                         We need more people believing in God.
                                         
                                         This great nation of America, the miracle that it ended up becoming where so many of us
                                         
    
                                         have won and gone the rewards of these men and women who sacrificed that came before us.
                                         
                                         These men and women casted a vision that the only thing that gave them the credit that
                                         
                                         this was possible that it can actually happen was God.
                                         
                                         And we wake up a 270 year old company called the United States of America. By the
                                         
                                         way, for a long time, it was a corporation. America was founded. As a federal corporation
                                         
                                         is what United States America's, you can look this up. This idea with these men and women
                                         
                                         that became what it is today and other countries that have been around a lot longer than we
                                         
                                         have, than we beat those guys?
                                         
    
                                         Yeah, I don't think that happens without God.
                                         
                                         So if you believe in Russia,
                                         
                                         collusion for three years,
                                         
                                         you can definitely start believing in God.
                                         
                                         You don't have to have all the facts to want to believe in God.
                                         
                                         Your life's gonna be a lot better.
                                         
                                         You're gonna become a better parent, better leader,
                                         
                                         better spouse, better friend,
                                         
    
                                         better in every possible way.
                                         
                                         Anyways, Tom, thoughts on this story here with Wall Street Journal. No, I think, and by the way, this is not a, this is not a, this is a hill story we're talking about here,
                                         
                                         right? This is a hill story. So what are your thoughts on this story?
                                         
                                         Well, I think America is still a place of faith when you compare all those stats to the rest of the
                                         
                                         world. America is still a place of faith. And I think that if all of us would turn to our faith tradition,
                                         
                                         I think we would be treating each other better.
                                         
                                         I think that we would be calling on the people we elect
                                         
                                         for higher standards of integrity or hell,
                                         
    
                                         just to have a standard of integrity.
                                         
                                         And I can't agree with you any more stridently
                                         
                                         with what you just said and how you summed it up.
                                         
                                         That this is the time to lead your family,
                                         
                                         to leave your friends, to lead your community,
                                         
                                         and standards of faith integrity and character
                                         
                                         are found in faith in big stacks.
                                         
                                         Because faith can drive character, character drives people,
                                         
    
                                         people then come together
                                         
                                         and form organizations called businesses,
                                         
                                         civic groups, friendships, communities.
                                         
                                         Final thoughts guys, before we wrap up here,
                                         
                                         Rob, it was great having you on the podcast here today.
                                         
                                         Gang, we're gonna put the website again here,
                                         
                                         stopwoke.com, stopwoke.com, go to it,
                                         
                                         we'll put the link in description chat,
                                         
    
                                         comment section for you to go to it again, stopwoke.com, go to it, we'll put the link in description chat, comment section for you to go to it again, stopwoke.com.
                                         
                                         You can also follow, wrap all his social media platform links
                                         
                                         will be below.
                                         
                                         You can find him at wrapsmith.
                                         
                                         Is it online?
                                         
                                         Rapsmith online.
                                         
                                         Rapsmith online, is it the same as well on Instagram?
                                         
                                         It's the same everywhere.
                                         
    
                                         Same everywhere.
                                         
                                         You're a perfect one.
                                         
                                         Wrapsmith online.
                                         
                                         I'm on a trip right now. I got to go to New York
                                         
                                         But you got what you got a podcast here this week. I've got a podcast tomorrow and then next Friday's the live event with fresh
                                         
                                         I'm right next Friday's a live event with fresh and fifth here. I think June 2nd
                                         
                                         From the second get your tickets down there's the night or Friday night Friday night
                                         
                                         Ladies party the craziness the arguments fights all that you like that kind of stuff, you don't want to miss this.
                                         
    
                                         Go to 5990 live.com.
                                         
                                         I love it, Tom.
                                         
                                         And Monday is Memorial Day.
                                         
                                         We'll be enjoying a little bit of a picnic.
                                         
                                         And so I believe it'll be Tuesday afternoon
                                         
                                         at the Biz Doctor's.
                                         
                                         You're doing a sick night.
                                         
                                         Like literally an old-school picnic.
                                         
    
                                         No, I think you just took me visually to play sitting
                                         
                                         in the grass with a picnic and you make a stand which is stuff like that.
                                         
                                         And aunts and Tom, I've got one wish for you on Memorial Day and it's exactly what Pat said.
                                         
                                         I want you to this weekend, I want you to be with your family and I want you to get your
                                         
                                         freak on.
                                         
                                         That's right.
                                         
                                         That's right.
                                         
                                         Rob, what's our next podcast?
                                         
    
                                         I don't even know what our next podcast is.
                                         
                                         We'll be back next Tuesday.
                                         
                                         We'll be back next Tuesday.
                                         
                                         Fantastic.
                                         
                                         Have a great weekend everybody.
                                         
                                         Take care.
                                         
                                         Bye bye. be back next Tuesday fantastic. Have a great weekend everybody take care bye bye bye
                                         
