PBD Podcast - Roger Stone Reacts To Trump & DeSantis Rivalry | Ep. 234 | Part 2

Episode Date: February 9, 2023

In this episode, Patrick Bet-David and Roger Stone will discuss: India's rise to dominance in the international chip market Sam Smith's "satanic" grammy performance  CEO of Bank of America wa...rns of the debt crisis  Single women own 2.6 million homes more than men  Israel's president is the first to use ChatGPT in a speech  Patrick Bet-David responding to Jason Whitlock calling him out 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 Text: PODCAST to 310.340.1132 to get added to the distribution list --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Transcript
Discussion (0)
Starting point is 00:00:00 I know this life meant for me. Yeah, why would you plan on the life when we got that data? Now you came in giving values, contagious, this world, I want yourpreneurs, we can't no value that hate it. I didn't run home, you look what I've become. I'm the under one. Roger, let me ask you a question. How do you view India?
Starting point is 00:00:28 The DNA, the DNA. I'm not talking about like, I'm talking the DNA of India. Who is India to you? I can't even answer the question. I don't have any impression. I've never been there. I don't know. I guess what I'm asking for, like, they just, the day just passed up China and total population, I think I just saw a report a couple
Starting point is 00:00:46 of weeks ago, either they're there or they're about to pass up China because the average agent India right now is 27, the average agent China is 38.40 years old. So China is getting older and India is getting younger because India doesn't have a one child family policy. India is like, keep making the babies, right? And China is now realizing we made a big mistake. We kind of need the younger generation
Starting point is 00:01:08 to lead an innovation. So India, Apple is now moving a lot of it's manufacturing, chips, all of that to India gradually without offending China because China could fully disrupt Apple's business. If they turn on Tim Cooks, or Tim Cooks, I believe Tim Cook is doing it very subtly. And say, no, China, we're still going to make chips with you. We're just moving 25% to India. No, no, China, we're going to make chips with you.
Starting point is 00:01:36 We're just moving 50%. If China, all of a sudden, thinks that they know he's going to move 100% away from China, I think China is going to make a disruptive move. But here's why I'm going with this. The US companies are sitting there saying, where can we build the things that we need to build? Biden's speech, he talked about how in US, we used to make 40% of the chips now we make 10%.
Starting point is 00:01:57 We saw a statistic a couple years ago during COVID that the used car prices doubled all of a sudden because China was producing 80% of chips. sudden because China was producing 80% of chips. That one, Asia was producing 80% of chips. I think it was China in Indonesia. I think it was like a few countries that would be 80% if you remember that statistic, right? We've all seen that.
Starting point is 00:02:14 So now the fear is, if we go in bed with India, what is the history with India and again, I'm not asking because you said I don't have a thought on it. I wonder what, so for example, a career insurance career I used to do business with. Big company, you know who they are, very big company. They approached us, we signed a contract. We go to their city, they invite us down, I meet all the executives, all the sea sweets, great experience, we can do a lot of business together.
Starting point is 00:02:46 Direct competitor of mine has a meeting. In their meeting, they tell them, if you don't drop your contract with them, we won't do business with you. Those guys were bigger than us, okay? The following Monday, a big player comes to us from that company, the one that we signed a contract with, they fly out with their lawyers.
Starting point is 00:03:06 And they said, we need to meet with you with our lawyers. The only time insurance carriers come and meet with the CEO with lawyers is because they're terminating the contract. So I say no problem, let's go to my office. So we go into my office, I'm sitting there with my chief compliance officer, my and a couple of other guys. And you see this guy says, we're here to terminate the contract.
Starting point is 00:03:24 I said, what's your cause? We just don't think this relationship's going anywhere. I'm like very weird. You have to have like placement isn't good or this isn't good. In this case we've had where our placement was in good and we lost the contract in this one we didn't have. So I said but I want to hear a reason. Now I know the reason because I know the CEO of the other company gave a speech, and that speech, a guy that was in the room, came to our company, and he called me and he says, hey, just so you know, in a recording, in a speech,
Starting point is 00:03:52 this is what this person said to you about you. So I said, so you don't have a reason? No, we just don't think this relationship's going anywhere. No problem. That guy who came and terminated the contract is no longer with the company. The guy above him, boss just reached out this week. He wants to have a meeting with me 101 We can have a conversation to get and sit down and talk
Starting point is 00:04:11 I decide whether I want to do business with this guy or not to Protect a relationship in the way we write up the contract is to make sure you can't suddenly within a week terminate my contract You got to give me a two-year, what do you call it, run rate before you terminate, right? The only concern I have is if America locks onto another nation to be our number one provider for chips or technology or resources, we have to be careful to not strengthen India in such a way that years later they become the next China 2.0 and it's 2035.
Starting point is 00:04:47 Now, India's bully in America and we're saying shit, we created the next monster. So if you go back and you think about the deal that Nixon struck with China, and what US has done with China the last five decades, how different approach would we take with a country like India to make sure we don't turn them into another country that bullies us because they know they own us. Well, I think it was require having a president who says
Starting point is 00:05:11 Perhaps we shouldn't be making our chips outside the United States Perhaps we shouldn't be making our most important pharmaceutical drugs outside the United States Isn't the best way to keep control of these industries and to provide economic opportunities for Americans to build these things here. So why are we outsourcing them? Oh, it's because the labor there is cheaper. Yes, but the national security implications are obvious. Add to that that countries like China, but specifically China, are systematically buying up all the natural minerals, like cobalt, things that we need to build chips and to build other technology. I think that this is where the policy of America first, and returning these national security,
Starting point is 00:05:59 sensitive industries back to the United States is absolutely key. So my short answer is, I wouldn't be making the chips in China or India. I'd be making a mere. Well, here's a challenge to with that. Who brought Toyota to America? Who brought Toyota to America? Remember when we were like, wow, you know, competition in America is only who?
Starting point is 00:06:20 GM against Chrysler against, you know, obviously same thing, where there's a Ford in this, this, that. And I was like, no now we should let Toyota in. So this is when if you remember Milton Friedman's old videos when Toyota came into America, let's let him compete. What a Toyota Force Ford and other companies to do and make cheaper cars and improve because Toyota was producing a good car for middle America. So we helped Toyota blow up into what Toyota became because of US sells Toyota.
Starting point is 00:06:45 Guess what? Other people sell it as well. So we allowed BMW, we allowed Mercedes, we allowed all these other guys to compete against the other car makers. Who won? Realistically, the US citizens won because we forced Ford and a lot of other guys to compete to produce a better car. But we didn't stop making Ford's and shavies in the United States. Exactly. We didn't stop making them. But here's kind of where I'm going with that. I agree.
Starting point is 00:07:09 Today, I have 10 engineers in my office in Dallas, but I'll also have 10 in India. OK? The engineers I pay here, let's just kind of throw a number out there. If they're 150 here, they're 50 in India So so what they'll do is these technology consulting firms will come to you and they'll say we can do the same work for you But you have to pay 150 with us. You only pay 100 grand a year for these guys
Starting point is 00:07:37 So they take the split between the the salary they pay them, which is a 50 50 They keep the 50 they have to deal with the HR and they get the project done. So hey, the next sprint is going to require 293 hours for this upgrade. It's going to cost you this much. The next sprint, in any case, we do the math with that. So as long as labor is going to be cheaper in India, in other places, the capitalist is going to find a way to save money by using those resources because for Apple to build an iPhone chip in India versus America, Roger, the person's
Starting point is 00:08:14 going to say, oh, you want to buy an iPhone and build an America? No problem. It's $2,500. I don't want to pay. That's crazy. Exactly. Because the labor is expensive here. But the labor is cheap in India. And then the alternative is to say what? Well, you can't build it. Anyway, but the labor is cheap in India. So, and then the alternative is to say what? Well, you can't build it anyways, gotta be in America. Then the average American takes a hit. I can't afford to buy this. So, it's a very much of a tight, cyclical cycle
Starting point is 00:08:36 that we're all, this is why China knows America needs China right now. We can't step away from them dramatically. All I'm saying is, we're leaving China. That resignation from China is coming. May take five years, may take 10 years, may take 15 years, it's coming, okay? When it does, we have to deploy it elsewhere
Starting point is 00:08:52 for five, 10, 15, 20 years. One of those places is gonna be India. How do we do that to make sure when we give all this business to India, they don't all of a sudden become the next enemy we're dealing with 10, 20 years from now? That's the question. So I think I think kind of to go back off of what Roger mentioned earlier that Nixon wasn't necessarily the one that caused China to become China what it is. I think there's
Starting point is 00:09:14 a lot of mistakes along the long the way. And I think the biggest thing that we've learned here is that China can take everything that we have, but we can't send what we have to China. So as long as India doesn't just close off to itself where it says, okay, we're going to now take your Facebook and we're going to call it India Facebook. We're going to take your this and we're going to call it this. Then as long as you have somewhere that is a big open, where not only is America itself a market for consumption, but also we produce and we sell things to Europe and all the other places where as where China is a they produce for themselves and then they produce for the rest of the world.
Starting point is 00:09:51 So as long as you're able to have it go both ways, then I don't think there's as much a worry of that as what we face with China. Where even if you invest in China, you can take the money out. If you do all the limitations are on the way out. And that's where I'm going. Yes. And that's where I'm going. Yes. And that's where I'm going. Then I think the structure on how we broker that deal needs to be in place. Before we deploy all this business to them, let's put a deal together. Yes.
Starting point is 00:10:19 So what the deal has to be. So there's really interesting thing actually that they did in Norway was when in 19 December 23rd, 1969, I'm pretty sure when they found oil in Norway, what they did was that American companies had gone into a lot of other countries and basically just done private, bought the land, broke her to deal, had the resources and then funneled the money out more or less, right? But in Norway, what they did was they set up a structure in terms of like you're saying a deal of who's responsible, who gets what? So in this case, there was a lot of help
Starting point is 00:10:50 and assistance from America where obviously, Connac and Philip Shell, a lot of these companies made a lot of money, Exxon, you name it. But at the same time, they also helped educate the Norwegian engineers so that over time they'd learn how to do it. And the deals and the licenses were set up in a way where Norway, as a country, also benefited vastly from the resources, as well as the private companies that came in to develop and help
Starting point is 00:11:14 essentially get the oil out of the ground. So Pat, what would you put in a contract like that? What you know about stuff like this, what type of iron clad stipulations would you put in? So something like a China doesn't come up about come up, come up about where it's not, it's not too aggressive on our side, but you know, make sure that this doesn't happen. Yeah, I mean, here's, here's how I look at these things. I don't know is the number one answer because I need to see the deals.
Starting point is 00:11:38 But in, if, if I'm selling my company to his private equity firm, okay? And they're coming in, or if I'm selling 20% to him, 50% to him, 55% to him, or 100% to him, right? You're gonna have 20 different deals that you're negotiating, okay? 20 different markers you're negotiating. Board seats, he wants three out of five. Hell no, you get one out of five because if he's got three out of five, they can fire me. Okay, well, I don't care about three out of five. Hell no, you get one out of five because if he's got three out of five, they
Starting point is 00:12:05 can fire me. Okay, well, I don't care about three out of five because he's buying 60% anyway. So who are you to say no, he can't have three out of five, how about we make four out of seven? I get three, you get four, I still have those three in there. Let's not make it five, let's extend it to seven. Okay, I don't care. I'm still fully in control. All right, there's the price, there's a dollar, there's my commitment afterwards. There's a non-compete. How long do you want me to not compete? If I'm selling the company to, do I have a two-year non-compete, five-year non-compete,
Starting point is 00:12:30 ten-year non-compete, there's 20 things that you negotiate, right? The first thing I would do is I would go to the guys that I've done the deals with all these other countries and say, what are the 20 points? Let's put them all out. And I'm going to tell me the history of the deals where we won the most. Tell me the deals that we had where they won the most and why. So China won 90% to the point of us winning. They won a lot. And we gave them way too much control. COVID exposed the hell out of how much US relied on China to even make the shots the vaccine. Obviously, we just say very ridiculous thing that COVID exposed on how much I need. Once you get those things,
Starting point is 00:13:07 then you sit there and say, hey, India, here's what we're willing to do. If not, guess what you do? Well, whether you do it or not, we're gonna let Apple produce the stuff here. Really, no problem. Anything Apple sells that's made in India, it's gonna be a 25% tax on Apple.
Starting point is 00:13:21 Go ahead. So forget about putting it on you, we're gonna put it on Apple. So they can't come to India. Oh, you can't do that. That's our number one customer. No shit, it's your number one customer, but they're out of America.
Starting point is 00:13:30 So let's have this come, okay, okay, America. I understand what you're saying. Of course, you understand what I'm saying. Let's do a deal where long term you understand, we brought this business to you. Wait a minute, Pat, who wrote your remarks? Was it Donald Trump? Yeah.
Starting point is 00:13:44 I was gonna say, I wasn't gonna say Pat 2024. Yeah. No, but by the way, that's what was attractive about him. Yeah. Doing the deals with the people that he did. Do you know who speaks like that? Do you know who speaks like that? Who speaks like that? Operators. A person who runs a company, a person who operates a military, a person who operates a military, a person who operates a team, a person who's in it that's dirty, ugly, nasty, not a politician. They don't speak like that because politicians like, I got you deal. I got you deal. Don't worry about it.
Starting point is 00:14:15 I'll see at the country. What he always used to say is that the other country sent killers to the negotiating table. We send social workers. Yeah. You're right. And this goes all the way back to 1988 where he's saying, wait a minute, I'm for free trade, but I'm also for fair trade.
Starting point is 00:14:32 Your markets have to be opened to our products, as well as vice versa. And this is also why he opposed these one size, fits all trade agreements in favor of doing an individual deal with Germany and a different individual deal with France and an Individual deal with any nation which makes a lot more sense rather than this one size fits all TPP and so on so I think it's about reciprocal rights. I mean you would not want to put yourself in a situation vis-à-vis say, India, where
Starting point is 00:15:07 we're moving jobs and business there, but their markets are close to our goods and services. Roger, I've been in the financial business for 20 years. There is insurance companies who go to on their floors, all the engineers. I'm not going to name them, but I've been to most of them. I say, yeah, well, we got 300 engineers here. Really? Yeah, what are you recruiting from MIT? Nope, IIT. IIT? Yeah, what's IIT? Where's IIT based out of? India. IIT is officially a better school at producing engineers than MIT. I don't know if you've ever seen this exercise they did. It's pretty epic.
Starting point is 00:15:47 They take a battery of wire and all these basic things, and they go out on MIT Institute graduate, and they say, hey, here, put this together. They're like, oh, I don't know how to do this. Then they go and do the same thing at an MIT Institute graduate. They put this, oh, this is easy. We'll learn this in our first year, and they put it together.
Starting point is 00:16:01 And then they said, as good as MIT is, IIT is passing these guys up. I spoke at their university in Mumbai. I don't know they put it together. And then they said, as good as MIT is, IIT is passing these guys up. I spoke at their university in Mumbai. I don't know what year it was. 5,000 people were in the audience, and you can see the hunger in these guys' eyes, and they're all about technology, innovation, all of that. So I think these guys are going to be the next China.
Starting point is 00:16:21 They're a little bit more reasonable. They're a little bit easier to deal with, they also have a history of issues and problems, their enemy is Pakistan and a few other guys neighboring people that they have. I, anytime a company, you would much rather negotiate with a company when it's worth a billion dollars than when it's worth a hundred billion dollars. I think US has to start negotiating now before it's too late and they say,
Starting point is 00:16:48 no, we don't want to negotiate with you. That's all I'm saying. This whole podcast, just so you know, Roger, if you didn't know, was really an India podcast. This was not a state of the union podcast. I'm glad you came very prepared. Okay, let's go to the next topic. Go to Vinnie's favorite singer, performer
Starting point is 00:17:05 Sam Smith, if you can show that. So good. The tweet with recent Grammys, I know you guys were all watching it very closely. So Sam Smith tweets this out. Okay, this is going to be special Grammys. Okay, any post the picture, and by the way, if you saw his performance, it was just like a little now's X. And it's something that it's very provocative. You get a lot of eyeballs and all this other stuff. CBS responds and says, you can say that again, we are ready to worship.
Starting point is 00:17:35 This is not CBS sports. No, this is not CBS sports. On the score, Larry Jackson's account. No. Okay, that's got a CBS and it's a bot. This is, this CBS account with a yellow badge next to it, not even blue because when you're media, they give you that little check mark right there.
Starting point is 00:17:51 How do you, how do you look at this, Kai, when you see something like this? You're, so the reason I'm asking you is the following. How old are you, Kai? I'm 24. Okay, 24 years old. The person that probably tweeted this, it's probably my age.
Starting point is 00:18:03 It's probably your age, right? It's the same. Which is insane. Sure. Now, to have something like that going out, number one, how bad of a look is that on CBS? Horrible. Okay. So horrible in what way?
Starting point is 00:18:18 I mean, this thing's gonna be like, it's gonna go away, you know, sweep under the rug and a you move. I think just like Roger said earlier in terms of the news cycles are so quick here that yes, this is one of those things. It's going to be, it's going to be really bad for another 24 hours and then the world's going to move on.
Starting point is 00:18:33 Nobody's going to care. That's really where things are at this point. And that's that's how, so the people that do mess up that make these big mistakes and, you know, from getting arrested to doing things like this, there's so much information and their attention span is so short. Like mind you, the guy did a satanic music video live on this thing, worshipping the, he was a devil and then CBS is saying, yeah, we're here to worship.
Starting point is 00:18:54 They're obviously not talking about Christianity, which whatever your religious belief is. But there's, A, they don't care. They're out in the open. But like you said, this story, after today, nobody's gonna talk about it. No, I mean, until you have some other Hollywood spectacle in which they Essentially raise Satanism which which will happen of course
Starting point is 00:19:11 It is the most important thing to come out of the Grammys. I was completely and totally justified In including Harry Styles in my 14th annual International worst dressed list And you see what this guy was? I don't even know. Yeah, I'm just holding it up. Even like a stop. You don't like how he dresses?
Starting point is 00:19:30 Well, here's the thing. Four or five years ago, he was on the best dress. I mean, he dressed like the growners were, you know, cool button down suits. And he, which one? That one right there? This one looks like a clown suit. This one, man.
Starting point is 00:19:41 That one, yeah. That one. You don't like that one. Would you, would you, that one. Yeah, like that one. You don't like that one. I, would you, I can't see you in that pack. I know what it would be very weird if I wore something like that. I mean,
Starting point is 00:19:51 I, you know, Roger, here's my question to all of you. You guys, like, is this just like that, just like that performance type situation, the same thing with CBS, are they doing it for the eyeballs pat and just because think about it, not only we're talking about it,
Starting point is 00:20:03 I was at the supermarkets, somebody else was like, did you see his, people were talking about it, Not only were we talking about it, I was at the supermarket, somebody else was like, did you see his people were talking about it? And now you're looking at him, there's eyeballs, more followers, more people. Or is it just, oh, show, cause you're watching a satanic performance. And then people like wearing outfits like that,
Starting point is 00:20:17 it's like, is it just for the attention? What do you think? Can you please go back 30 seconds and, Eric, if you're in the back actually play this put the screen play Just let let it play and just the performance is God, you know, they're doing what they're doing Okay, and then watch at the end Okay, they're gonna go to commercial they're gonna cut the commercial ready CBS And then yesterday he did talk about we can't let big pharma pay the
Starting point is 00:21:07 honor of the day for diabetes many of you in here are taking the medication they can't increase in more than $35 I'm like listen you're calling on big pharma but you know I don't know what percentage of CNS money comes from big pharma I don't know what percentage of these big media companies money comes from big pharma what do you mean you're calling those guys out. So bashed and while you're given a speech, but behind closers, take their money. Of course. And that, and that, how, how, how awesome is this Pfizer? And we're talking about attention spans. The James will keep the project. Veritas thing came out where one of the directors of
Starting point is 00:21:37 research or whatever is like, Oh, yeah, we're, we are in house mutating COVID. Just to make people have to buy and pay for new vaccines and then look, and then Pfizer just shows up and people forgot about that story. What's crazy is Pfizer pulled all of their advertising from Twitter when Elon Musk bought it back in November. So they felt that Twitter and Elon Musk was a danger to society, but then we can have Satan worship on the Grammys.
Starting point is 00:22:01 Oh yeah, exactly. But what's, I guess, more interesting is that who who was watching that performance found that entertaining? have satan worship on the Grammys. Oh yeah, exactly. But what's, I guess, more in human is that who, who was watching that performance found that entertaining? I just don't, I mean, it's just, it's not entertaining. It isn't. It really is. Who was, who was it?
Starting point is 00:22:14 I apologize for my generation on behalf of all of them. But I will tell you though, who was the guy that they called a mensch? He wrote a book and we were going to a super mensch. He wrote a book called Super Mench. He lives in book and we were gonna supermanch. He wrote a book called Superman. She lives in Hawaii today. What's Shepp Gordon? You know who Shepp Gordon is?
Starting point is 00:22:30 He did the documentary on the first. Yeah, by the way, is it fascinating guy, Shepp Gordon is. Do you know about his story, what he did? So he signed a lot of different people. Shepp is a guy you would enjoy studying this guy. He was around doing Jimmy Hendrix and all these guys. He was all their managers and stuff, right? He goes and stays at a hotel. He was around doing a Jimmy Hendrix and all these guys. He was all their managers All right goes and stays at a hotel
Starting point is 00:22:46 He's moving to LA because he wants to get into the Hollywood business at the hotel He's staying at Jimmy Hendrix a stain there a bunch of guys are staying that are not a big name yet And they said well, I need representation He chooses to represent them and he's working with one of the heavy metal guys that he finds and who is it man? Let me find the dark the the dark, it looks like a crow. Yeah, what is their name? What is their name? Alice Cooper.
Starting point is 00:23:08 So he gets, he represents Alice Cooper. So Alice, here's what you gotta do. He says, cut the neck off this chicken and let the blood pour onto your face and I'm telling you, you're gonna blow up. He's, what the hell are you talking about? He says, can you just trust me? Here's the chicken, break the neck.
Starting point is 00:23:27 And let the blood pour on. He says, are you serious? He says, you hired me, just trust me. So anyways, obviously he listens. So let's put the pictures of Alice Cooper and the chicken. Can you do Alice Cooper chicken and then blood? Typing blood as well right next to, if Tom was here, we told the story much better
Starting point is 00:23:43 than I would just put blood. That got that crazy look. Right there, yeah. So they take, right there, chicken to the left. You see that? So he cuts the chicken's head off, the blood is right there, he breaks the neck and blood all over the place.
Starting point is 00:23:56 What happens is everybody talks about it and everybody wanted to go to his next concert and he becomes a sellout, okay? All the concerts sellout. So there is a part of it where it's like, you know, it's a shock factor thing that you do, but it's just getting really old because, you know, I can't think at the last time I watched the Grammys.
Starting point is 00:24:15 I don't know if people who went into it like the way they did before. Anyway, so there's Shep Gordon for you. Let's go to the next story. Next story is about the recession. So will it happen, will it not happen? But there is a bank that is talking about, here we go. The seal of America's second largest bank
Starting point is 00:24:34 is preparing for a possible US debt default. This is a CNN story. Congress is once again bickering about raising the debt ceiling. The amount of money the US government can borrow to pay its bills on time. And that means that corporate America has to be ready for the worst. The CEO of Bank of America, America's second largest bank, said he hopes lawmakers resolve their issues because a market in economy loves stability.
Starting point is 00:24:57 Yet defaulting on the country's debt remains a possibility that cannot be ignored. We have to be prepared for that, not only in the country, but in other countries around the world. Bank of America, see a Brian Moynihan said, you hope it doesn't happen, but hope it's not a strategy. So you prepare for it. U.S. Treasury, Secretary Janet Yellen has already warned Congress that the country could default on its financial obligations as soon as June,
Starting point is 00:25:21 if the debt ceiling is not raised before then. What are the chances that the debt ceiling is not raised before then, what are the chances that the debt ceiling is not going to be raised? Zero. Zero. Yeah. They do this every time. Every time.
Starting point is 00:25:32 Every time. Yeah, it's a kabuki dance. There's no question about it. But I still think in the end though, it is a chairman Powell who's going to decide whether we have a recession or not. Well, chairman Powell is going to decide. Yeah. The Fed is going to decide. And what do you think is going to decide whether we have a recession or not. Well, Chairman Powell is going to decide. Yeah, the Fed is going to decide. And what do you think is going to happen?
Starting point is 00:25:48 You're right, not Goldman Sachs, just lower the odds of a recession from what it was before. To now 25% is what they... 35, yeah. From 35 to 25%. That's not that bad. This is an insider story. According to Goldman Sachs, the odds of US economy slipping into recession has dropped from 35 to 25% over the next year.
Starting point is 00:26:05 The upgrade and forecast is due to the combination of a surge in job numbers and improvement in business sentiment. A better than expected, 517,000 payrolls were added in January, which suggests high rank is continuing despite rising inflation. But other economists are more pessimistic surveys by bloomberg and wall street journal have found the consensus view that there's a sixty five percent chance of a sharp and severe downturn and downturn in the upcoming year what he thinks gonna happen
Starting point is 00:26:35 for sure i think these things are manipulated of course because i'm a conspiracy theorist uh... uh... i don't know but you could tell from the tone of Biden's state of the union speech that he is hoping for a soft landing. A recession would really be problematic if in fact he gets to run for re-election. I don't know what's going to happen. I think the differ, I think the odds of the recession are somewhere in between. In other words, I'm not sure they're 65% but I'm also not sure they're 25%.
Starting point is 00:27:06 I think they're somewhere in the middle. 25, you don't think it's 25, you don't think it's 65. So if you're a betting man, would you bet on it happening this year? Where the announcement will be made, US goes into recession. Well, first of all, they never announced it. In fact, even when you're in the recession,
Starting point is 00:27:22 they deny that you're in the recession. So it's not like they make a formal announcement, but I do think you could have a substantial slowdown in the economy, yes, more than what we've seen. I definitely agree on terms of that. And obviously, unless they edit the definition for a recession, that's the... Well, the White House did when it was two quarters
Starting point is 00:27:40 of negative growth. They're like, no, no, no, no, we didn't say that. They changed the Wikipedia definition. They're like, no, no, no, we didn't say that. They changed the Wikipedia definition. They're like, no, no, no, that's, look it up. So that's a new thing, like for a given example, vaccination, to me, that used to mean that, well, you take this and you're protected from being infected, you can't be infected.
Starting point is 00:27:58 So this can't be a vaccination then, can it? Cause what do I need a booster for? I mean, if I already had the vaccination. Three more four boosters, Roger, you can't say, you then, can it? Because what do I need to boost your four? And if I already had the vaccination. Three who are four boosters. Roger, you can't say you don't trust science. Don't do that on this part. You know Dr. Fauci, we respect Dr. Fauci because he is science.
Starting point is 00:28:14 It was such a great conversation the other day where this girl asks me a question, she's trying to give me. We talk about this on science, Alex, she said why don't you try psychedelics? And she says you trust science, don't you? And I said, define science. And she couldn't even answer it. I said, because the definition of science
Starting point is 00:28:30 has changed a lot the last three years. What is science? To me, science is debate. If we can no longer have a debate, then there is no such thing as science anymore. Scientists can't sit in debate their issues on each side. So here's very weird data. I wonder if you're surprised or you're not surprised.
Starting point is 00:28:46 Like does any of this surprise you hear? Single women own 2.64 million more homes than single men in the US. Let me let me finish this article. So let me say that one more time. Single women on 2.64 million more homes than single men in the US, okay? On an average, women earns around 83 cents for every dollar they earn, okay, compared to men. In the US, single women on a total of 10.76 million homes, whereas single men own 8.12 million, there's a difference of 2.6 for it
Starting point is 00:29:24 and the gap is growing. In 40 out of 50 state single women were found to own more homes, the two exceptions were north and South Dakota, which only three people lived there. And then Louisiana, Alabama and South Carolina had the greatest share of single women homeowners. Louisiana, Alabama and South Carolina, on average across the three states single women on 15% of all owner occupied houses Where as single men owned 11% although men earn more than women on average that is not always true for younger generation according to new pure research
Starting point is 00:30:02 center younger women women younger than 30, earn more than men and cities including New York, DC, and LA. Let me read that last sentence to you again. According to Pue Research Center, Women Younger than 30, earn more than men, Women Younger than 30, earn more than men in New York, Washington, D.C. and L.A. What do you think about these stats?
Starting point is 00:30:30 So, the first stats, like surprised me a little bit, but then I kind of clicked for me where, remember the video we did on single moms versus dads that had kids? So, the farm majority go with the mom, right? And at that point, who needs a house if you have kids to provide for versus no kids. So if you kind of correlate or if you add the single mothers with kids that are taking care of them in the custody versus a single dad that's taking care of it in custody, then the crossover there, I can see how those numbers make sense. But then, but then, okay, so if your argument's going to be divorced, I just pulled up the top states, 10 states with the highest rates of divorce
Starting point is 00:31:08 as new Mexico's number one. West Virginia school. Well, what if you never got married? What do you mean what if you never got married? In terms of the kids out of wedlock, or kids, you never get married. Where couples place up, they've never had a legal marriage. Then you're not divorced.
Starting point is 00:31:22 You're just, we're just parting ways. So his house goes to her. No, he never had a legal marriage. Then you're not divorced. You're just, we're just parting ways. So his house goes to her? No, he never had a house. She has need for a house. Yes, because she has the kids. Yeah, but she's taking care of a kid and the, I'm not saying, yeah. Then probably he's having a bit of less money
Starting point is 00:31:37 to be able to buy a house. But you'd also need a house in that situation more so than I understand you need a house. There's a difference between needing a house and avoiding a house. Affording. Yes. But who's like again, that was where I was looking at it. But the more interesting thing is what about the pay inequality? What about that whole argument?
Starting point is 00:31:56 Yeah. I mean, in three major cities, this is new. Under 30 women are being paid more than that's that's is that also. Is that also can you pull up that article, by the way, just zoom in a little bit? Is that maybe because women under 30, more of them are going to school and getting a higher education, and especially if you're in one of those three states,
Starting point is 00:32:13 they're very for equality in terms of pay and equal opportunity, then you have younger people who are higher educated. By the way, I want to continue read this article. I'm actually curious right now. Okay, so we talked about North Dakota and South Dakota. Okay, great. And Florida, Maryland and Delaware, the difference in home ownership between single men
Starting point is 00:32:28 and women was the greatest. Across the three single women on average owned around 4.5% more homes than men. We're talking Florida, Maryland and Delaware. There is no correlation between those three states. No, it's interesting. Women are paid less than men on average and earn 83.1% of what men earn.
Starting point is 00:32:48 According to US Department of Labor, the figure compares the median wage of all full-time male and female workers in a country using data from 2020 and is the most comprehensive analysis of the gender wage gap. Today, according to the data from national association of realtors in 2020, 19% of buyers for single women, whereas just 9% were single men.
Starting point is 00:33:08 In 2015, single women made up 16% of the buyers, where single men made only 9% in the gap between single women. That is very weird to look at this. So, I think if you think about who prepares more for a rainy day, that mindset, I'm gonna give that victory to women. Who thinks more long term by saying let me at least buy a house and you know make some kind of an investment? This is a... and if they're single pet and they're dating then they're not paying for drinks popcorn at the movies, they're not paying for dinners, the movies. They're not paying for dinners.
Starting point is 00:33:45 Of course they got money to buy out house. They're not outspent, you know what I mean? Because those girls, they're single. It's not that they're not dating. You feel me Rob? Rob, Rob, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob's, Rob This is everybody here spoke a little bit. I see that. It doesn't stand for sure. Yeah. Are you still spoke Roger or is this making you think a little bit? I'm not making a lot of sense out of it. Me too.
Starting point is 00:34:12 Because I'm talking about why those three specific cities are very interesting. You know, Florida, Delaware, Maryland. Well, but also New York, LA, Washington DC. And we all actually see the government's the biggest employer. Right. That makes sense. Yeah.
Starting point is 00:34:27 But I can't figure out why the other two. But by the way, this is a, this is a story to a commend typically purchase homes that were 2149,000 dollars last year compared to woman who purchased homes that were 230. That's not a big difference. Yeah. It's not even 10%. It's 5% difference.
Starting point is 00:34:41 And sacrifice of women are generally more, more likely to make included cutting out non-essential spending, taking second jobs. It's kind of like what you're talking about, canceling vacation plans. Okay, there you go. Very interesting article.
Starting point is 00:34:54 I'd love to see more stats and data on this here. I'm canceling my date this weekend, Pat. You got to say she's paying for it. She's paying for it. I'm looking at the houses. You're a homeowner. I'm not. You're paying for the bigger thing. I'm looking at the houses. You're a homeowner. I'm not. You're paying for the bitter thing.
Starting point is 00:35:07 I don't have a house. I live in a park. Yeah, you're paying for this thing. You're a good chat GBT. Let's talk about what happened with Israel. Israel's president became the first world leader to publicly use chat GBT when he gave a speech partly written by the AI.
Starting point is 00:35:23 Okay, which by the way, what a great story for this year, what pages that on there it is. Okay. So Isaac Herzog, the present Israel, became the first world-reader to publicly use the technology. Herzog recorded a video message for the special opening remarks by at CyberTech Global Television 2023 Cybersecurity Conference. It's not the underground plumbing one. This is a different one. In front of an audience of 20,000, the president then revealed that the opening section was written by G.I.G.P.T. Wow.
Starting point is 00:35:56 At least it being honest. Before concluding that AI is not going to replace humans, the AI written section began. I am truly proud to be the president of a country that is home to such a vibrant and innovative high-tech industry. The president also used Chad GBT to end the speech with an inspirational quote, let us not forget that our humanity is what makes us truly special. It's not the machines that will shape our destiny, but rather our hearts, minds and determination to create the right or to fall. And the machine wrote that. And the machine wrote that. the right or to fall. And a machine, and a machine,
Starting point is 00:36:25 and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and a machine, and's kind of like a cool gimmick on that end. But in terms of if there's a speech writer doing something that's drawing up the initial
Starting point is 00:36:49 drafts or it's an AI or robot, I mean at the end of the day, it's going to be edited. The human's going to look at it and they're going to revise it and change it and then go from there. Maybe not. I just think it's Wikipedia on steroids. I had somebody sent this to me last night where they asked, they asked chat, what about Roger Stone? We don't comment on conspiracy theory.
Starting point is 00:37:12 Wow, really? So I'm already banned. Oh, that's hilarious. I mean, right out of the box, I've written, you know, I've written five books, five Amazon best sellers, junior or times best sellers, but my views are too far out there for AI. And look at the flip hat. I mean, I'm a stand up, I'm a Amazon best sellers junior times best sellers, but my views are too far out there for AI. And look at the flip hat.
Starting point is 00:37:27 I mean, I'm a stand up. I'm a comedian. I'm not crazy well known. Somebody in the office was like, write me a joke in the voice of Vincent O'Shauna and it wrote a joke as me and it was pretty cool. Get out of here. I sort of got, I don't know, I forgot who it was,
Starting point is 00:37:39 but I was like, oh my God. It's actually scary. I mean, it's exciting and scary at the same time, but it's like, this is just recent. Imagine what's gonna be in like 10 years. And the biggest danger and thing that's kind of worrisome, obviously what Roger Stone was inclining to there as well,
Starting point is 00:37:53 is that the input is, we're sending the limitations of what it's considered conspiracy and we're putting that in the machine. The machine isn't necessarily pulling from it. It's just saying what you can or can't talk about. The other thing was when they were asking about Trump versus Biden on the on the chat GBT and how it was saying that in terms of the questions they were referring to against Biden or Trump was,
Starting point is 00:38:15 no, we can't say that. But then with Biden, it was something different. So the inputs that are being put into the machine, where now people are thinking that this is fact or this is the way it is, obviously skews the position. And that's gonna be a big challenge going forward in terms of what can we let slide and what can we not. Well, it was operating if they're biased,
Starting point is 00:38:31 just like the department of justice were fucked, basically sorry for my language. Or just like Wikipedia, look, you go to my Wikipedia page. There's so many mistakes and there's so many things that are just factually wrong. Sure, I can hire somebody to go in and change them. You know what happens? They just go back and change them. Of course. So if you want to know about me Don't bother looking my Wikipedia page because almost all of it's incorrect
Starting point is 00:38:52 You're right. Yeah, I mean you have to trust the internet because if you Google my high Patrick bed David height which is I think a well guess I think a well guess you know five eight and I know wait a Abraham Lincoln. Yeah, I did I did quote Abraham Abraham Lincoln. Go to, uh, look at this. Rob was doing his homework right there. Have you guys caught that height? Height to go. How tall is Patrick with David? You know, how tall is Patrick with David?
Starting point is 00:39:12 Which is people always say padd, what? Go lower one of them says, I'll tell them. I'll be five seven. You're fine. I'm sure. Wow. You got a growth. By the way, not only that, I'm 154. Oh, wow. That's okay. If you look up my net worth says I'm worth 24 million Oh really I've been Roger so meant please put Roger's done and then put mine Rob when you don't
Starting point is 00:39:35 It's 20 million dollars for one stone Rob, what would you say mine is what would you say mind you I have $30 Yeah, I'm actually I'm curious to see what Vincent and Lashon in that worth would be watch his pat Three to five million dollars Is that really what it says? I definitely don't have why do you keep in all this money? Because I'm trying to catch up to the girls are I mean they're paying for lunch. I got you. Okay, so let's let's talk about this next So I think you may have some things to see on this one
Starting point is 00:40:05 page 12 Okay, Trump reacts to Haley the Santas and other presidential 2024 rivals. This is an epoch time story former president Donald Trump commented on the possibility of former South Carolina governor Nikki Haley and other Republicans challenged in a photo GOP 2024 nominations in an interview with radio host TV would the Republicans' channel to the GOP 2024 nominations in an interview with Radio Host, TVWood. He stated that Haley called them and asked about it and he told her to follow her heart. Haley has previously stated that she would never run
Starting point is 00:40:34 if Trump runs, however, he says she is ambitious and he told her she could run if she wants. The South Carolina Senator Tim Scott is also said to be considering a bit when asked if he would support the republican candidate in twenty twenty four even if it's not him trump set it would depend he also claim that florida governor on the santa's old his election to him he also stated that jirat cushionard the husband of his daughter evanka won't be
Starting point is 00:40:58 involved in his efforts to secure his president presidency uh... so what part of what part of the do you want me to respond to? Well, I'll ask the specific question. I think it's the only one that today we're having a conversation at school. And we're talking to our friend Rob that I was telling you about this morning on the podcast.
Starting point is 00:41:20 So if it comes down to these guys going up, you know politics, you've been around, you know the fun side, the clean side, the ugly side, there's in any sides of it you don't know about, over the last half of many decades you've been a part of it. Trump against the Santas, okay? Trump has already poked a couple times. The Santas came up and said, look, I'm gonna let my record do the talking for me. He won by 34,000, I won by one and a half million. We're winning Miami day and all this other stuff
Starting point is 00:41:47 Trying to say that a lot of people are talking about me every morning. I wake up How do you view this yourself from Trump against the Sanctus? Trump is okay with Nikki Haley running because she may make a good vice president candidate one day possibly But there seems to be a little bit of a discomfort with the Sanctus How do you process that? Well, first of all, what Trump said is true. Ron DeSantis does always owe his rise in American politics to Donald Trump. 67 of 67 Republican County Chairman in this state endorsed Adam Putnam for governor, the Agriculture Commissioner. Every single Republican in the state legislature, including the Senate president and the House Speaker, endorsed Adam Putnam. Every member of the Congressional delegation with the exception of Matt Gaetz, and Putnam
Starting point is 00:42:32 was far ahead in both money and the polls. It is only the tweeted endorsement of Donald Trump that turbocharges the candidacy of Ron DeSantis. So I think the president feels that DeSantis now challenging him, particularly after Trump had to come here in the 2018 election and essentially dragged DeSantis over the finish line, one by 30,000 votes, he does see it as a personal act of treachery, as an act of disloyalty, and he's unhappy about it. Donald Trump's never shy about telling you how he feels about things.
Starting point is 00:43:06 The other point people miss his shirt in the Sanchez did win, but Donald Trump got 1.2 million more voters in Florida in 2020 than DeSantis got in the most recent election. So I do think there's going to be a contest, but I think the reason that Trump seems to be propping Nikki Haley up is
Starting point is 00:43:23 Trump is probably sitting on a base in the party, which is very intense. Somewhere around 45, 48% of the vote. There's another 20% that he could get, but his hard base is somewhere between 40 and 50. And in a multi-candidate field, he's in much stronger shape. In a one-on- one race, you know, the synthesis in all honesty is untested as a presidential candidate. Is a big of a different is that? So, so for example, for somebody to be a, a, a, a very,
Starting point is 00:43:56 very good candidate as a governor who during COVID, he did very well. And you remember when the feedback that I think Obama got from Emmanuel where he says, look, you're not going to get a lot of chances to be as on fire as you are today. You got to run even though everybody was telling Obama not to run after the DNC speech. All the he was on fire. He says, you're not going to get this again. You got to run. I am sure the similar type of Ram Emmanuel's of the right who are more the Santas are saying,
Starting point is 00:44:20 you're not going to be hotter than you are today. The between now and four years from now, a lot could change. You have to run. How do you address that? That he is the most hottest governor yet, the difference between being a governor and a president, what's the big difference? I see why he's doing what he's doing.
Starting point is 00:44:36 I'm not defending it, because I think he could afford to wait. But I also must tell you that he's untested at this level. I mean, he does very well in Florida, but that's where you control the microphone. He doesn't do well in a wide-ranging, uncontrolled atmosphere, particularly when it comes to interviews. You very rarely see him smile. He does not seem to like people. He seems to me to be an introvert and an extroverts business potentially.
Starting point is 00:45:07 And how he's going to wear as a candidate, mixing with the pig farmer in Iowa, where the guys who grow maple syrup in the hamster, that remains to be seen. I also think that it's kind of early, I mean, I think he's at this high water mark right now. It's very early to peak. This election, as you pointed out earlier, 22 months ago, 22 months from now. And also people are gonna be, gonna wanna go back and look at the record.
Starting point is 00:45:35 So he said, for example, he would ban the teaching of CRT in the schools in Florida. Well, right here in Broward County, they have just adopted a curriculum from the ADL, which includes the teaching of CRT and their 13 other counties. So he's got a lot of pledges that were very popular in Maga World that he made at the end of the last election, and he's going to be held to those. And I think it's so there for it's not necessarily clear sailing. He is going to run. We talked about it here last time most years,'s not necessarily clear sailing. He is going to run.
Starting point is 00:46:05 We talked about it here last time most here as a matter of fact. He is going to run, but you're getting into cage match with a very tough guy. And I still think the end of the day, Trump would defeat him. Do you see what Megan Kelly said? She'll hear what Megan Kelly said. Megan Kelly said, there is no way the Santas can beat Trump.
Starting point is 00:46:26 He says, Trump's only going to need 30% and his Maga crowd alone, that 30% is a lock. She said, it's not even a good opportunity for the Santas to run. I'm paraphrasing what she said about this. And I said, but okay, let's just say you do run the Santas. And let's say you do be Trump. Actually go there, that you do be Trump. What is Trump gonna do is Trump gonna say okay, Maga crowd go and vote for the Santas. That's the point she made and then the second thing she said, which is a very valid point
Starting point is 00:46:56 as well as the following. What is the likelihood of Trump say he loses, let's say 10% chance, 20% chance, whatever the number everybody is saying, he loses, to the Santas, okay. And now the Santas is the Republican nominee. What is the likelihood that the Santas is a Trump in a situation like that says, oh really, that's what you guys wanna do, no problem.
Starting point is 00:47:18 I'm gonna run as a third party. Oh, I think he would do it. What's the likelihood of him doing that? Very, very unlikely. Unlikely. Okay. First of all, because of the enormous legal barriers to getting on the ballot in 50 states, legal and financial barriers.
Starting point is 00:47:35 Remember, we're not talking about a third party candidate. So you're not the party of the liberty, you're not the candidate of the libertarian party or the green party. So it's an extremely expensive, legally extraordinarily complicated and difficult thing to just get on the ballot. And if you have participated in the Republican nominating process, unless you say hypothetically, you're not successful, well, the deadlines have passed for you to also compete as an independent because they pretty much by and large have the same deadlines. Remember this, ballot access, all election laws are written
Starting point is 00:48:12 by Republicans and Democrats working together against any kind of competition, both extra party and intra party. So Trump could bluff, I guess, and he's done it in the past but uh... why would you leave the republican party he is uh... he's transformed the party into the party of working-class people uh... i think she i think megan kelly uh... understates the level of his support but what she doesn't understate is the intensity of his support trump supporters are not voting for a question about the other thing about trump though as a candidate is has, makes a lot of people
Starting point is 00:48:45 go out and vote against him. Just like he has the devotion of the people that are part of his crowd. He's also very good at basically having people vote against him. He's very polarizing. Yeah. Just like, say, oh, I don't know, Joe Biden. Yeah, big time. Okay.
Starting point is 00:49:01 So let's, let's do this and you had final thoughts before we wrap up. I just have one thought before finish up. Yeah. Okay. Yeah. I'll read that we're gonna say I was just gonna say one thing, Pat, I'm sorry, I was gonna say though, but if like you said, for some reason, whatever percentage he does lose, that is going to hurt the Republican party greatly because that whole MAGA voting crowd will not vote for Santis. Like I'm not, I want to know your point. And then so that gives the Democrats such an advantage at that point, especially if he has that hard, core, die hard fans, they're not gonna just go,
Starting point is 00:49:32 okay, we'll just take the Santis. And Trump has proven ability to get votes in Michigan, Wisconsin, Pennsylvania, who didn't vote for John McCain, didn't vote for Mitt Romney. These are not country club Republicans. And I think Trump's appeal to those people is unique. I expect Trump to be the Republican nominee, I still think he's in very strong position.
Starting point is 00:49:54 Where he not to be the nominee, whoever was the nominee would urgently need his support. But I don't expect that's going to happen. I think Trump is well positioned to be renowned. And last thing, who do you think, because from what we're looking, Biden's going to run, who do you think is going to go against Biden?
Starting point is 00:50:09 If you have to pick right, if you get, I know it's early. I still don't know that Biden finishes out his term. I mean, we don't know how the Hunter Biden investigations, where there's no way to keep this toothpaste in the tube anymore. So we're going to get a full exposure to all of that. Most of my friends who are professional Democrats and I do have a few, they really doubt Biden's ability to win another election. They also have the same doubts about Kamala Harris. And I've
Starting point is 00:50:37 said, I said it here, I think, I still believe at the end of the day were Biden to either resign for reasons of health or reasons of political health or be removed by his own people under the 25th Amendment because he appears to be too dysfunctional to do the job and Kamala Harris would become president. The only way you could remove a woman of color would be with another woman of color, which is why I still believe that Michelle Obama is potentially the Democrat's strongest possible candidate. Wow. Wow. You still believe them.
Starting point is 00:51:14 Yes, he does. Yes, I do. So even though she's the strongest, do you think she'd willing to go with it or do it? Well, I think it remains to be seen. The more she says she's not, that's a good reason to believe that she is, of course. She says she's not. Well, I mean, Barack Obama is without any question the most influential figure in the modern Democratic Party. He's very popular and he's very influential. And we know that Joe Biden was his last choice. I mean, they tried to inflate the candidacy of Cory Booker. They tried to inflate the
Starting point is 00:51:41 candidacy of Kamala Harris. They tried to inflate the candidacy of Pete, Pete, a booty jack. It didn't work. Uh, and, uh, I think they recognize it. Both their president and their vice president are weak potential candidates. Uh, but look, it's all conjecture right now. Joe Biden says he's running for reelection. Last question, crazy question here. So you know how we had a celebrity run for office, Ronald Reagan. Hey, you will not believe back to the future. You know, the act of Ronald Reagan?
Starting point is 00:52:09 Yeah, he's gonna be the president now. He says, what are you talking about, right? So celebrity becomes a, now he was a governor, two terms, and he was a fact, you know, was a president of a, you know, but at the same time, he became a president. You know, Trump became a president.
Starting point is 00:52:24 Do you see anybody that's a celebrity type name to become a president like a rock or any of those guys? Well, as we have now learned, one of the greatest single qualifications is to be well known. So until Trump, all of your presidents had either been a governor, a US senator, or a general. For some, we've had a business person, but not just any business person,
Starting point is 00:52:45 a business person who, who acidiously fed and burnished their public image, you know, for, for 40 years. So, yes, somebody could emerge from, from the world of sports or from entertainment, but I do think Reagan's different. Reagan was a successful two year two term governor of the largest state in the country. So he didn't just jump from death Valley days to the White House. I think people are looking for that. Now, the difference is in a business person,
Starting point is 00:53:17 whether it's Ross Perot, whether it's Donald Trump. If you build a billion dollar company, then people think you're qualified to run the federal government. Yeah. Somebody just did a super chat saying, Republicans are so soft. They let the November 2020 contest slide
Starting point is 00:53:36 and did absolutely nothing about it, was the point of second amendment. If you're too scared to execute, don't celebrate for the July constitution was written for this, et cetera, et cetera. This is Ivan whoever it is. I can't say the last part of the name. Anyways, listen, it's a,
Starting point is 00:53:50 I think it's a very unpredictable time. We have no idea what's gonna happen, but I think for, in regards to politics, eyeball sports, like if it was a sport, I think this is a phenomenal season. Can't wait. The next 22 months I think is gonna be phenomenal, I think it's going to be phenomenal. I think it's going to be like what we saw with the World Cup
Starting point is 00:54:09 and how much intensity that was in it's going to be similar to that. Anyways, let me comment on something that happened this week. So on Monday, we had, who was it? We had Roland Martin in the house. We did a podcast, phenomenal. I had a really good time with them. Debate, all. Oliver was great. But certain things happened.
Starting point is 00:54:27 Yesterday, a Jason Whitlock reacted to a video that he made talking about what we do at value team and call him in names, a lot of different things. And he said the fact that he was invited on Monday. It was a set up to him because we were trying to get him, et cetera, et cetera. Let me kind of read you a story. You tell you the story of what happened here with Jason Whitlock.
Starting point is 00:54:48 So the first time Rob, we invited Jason Whitlock, was when? I believe the first time August of 2022. You have the email of this. If he can zoom in so we can show the first email that went in. And we blanked out his email address. We just didn't want it. So this is the first email that goes and it says, hey, we would like to have you want to discuss your story, et cetera, et cetera,
Starting point is 00:55:08 Patrick's admiration for Jason Whitlock. I've liked this content for a long time. I think he does a good job whether it sports. He's got a show call for your list with Jason Whitlock. So perfect. You send him a message. Nothing happens. You send him another message.
Starting point is 00:55:21 I think December of 14th, you send him another email to have him on a podcast. Correct, that's when we confirmed that he was interested in coming in. Yeah. And then from there, we decided we would figure out a good date. And this is the email that he showed in the video yesterday,
Starting point is 00:55:34 saying the fact that they didn't tell me anything. Now, I want to show you these emails to everybody knows because he showed the emails himself as well. Thanks for getting back to me. The interview with coverage Jason's career at ESPN The Blades is show fearless, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that,
Starting point is 00:55:46 that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, that, we can do it on another date. Simultaneously, when we're going back and forth, the Tyrene Nichols' tragic event takes place. So I say, I'd love to have somebody come into have a show. And preferably, let's have a panel to be a debate from both sides of the aisle.
Starting point is 00:56:16 Somebody that says, hey, even though the five cops were black, you know, it's still a systemic racism, somebody that says, no, it's not. So we can have good banter there. You reach out to a list of names, one of them being Roland Martin. Roland Martin confirms with you when February, I believe, six. Yeah, he said he was going to be in town February six, which is this Monday, this past Monday. Okay. So you do that. Then you go back to Jason Whitlock and you ask him if he can do it on February 6th as well.
Starting point is 00:56:45 Well, we've initially offered him a few dates to see if he could come at a different time because you were not gonna be here for the 16th. He didn't respond back, so then I sent a follow up email and said, hey, we have limited dates because the other dates were booked with other guests. Could you do this date, which happened to be Monday, February 6th, and from there, he agreed,
Starting point is 00:57:03 and I sent the next email, if you want me to show. So before you show the other email, this is the criticism that he gave to us that I wanna kind of explain to the audience what happened. So both show up here on the podcast. We have Roland who's running late a few minutes. So our driver that was driving up, Rob, if you wanna talk about the driver that was driving a Jason you tell him hey
Starting point is 00:57:26 Since other guests is late you don't have to worry about if you're running late. It's fine. You're gonna be okay Bring him in here. You can hear your audio How about now? There yeah, there was no rush to be here at nine o'clock on the dot because our other guest was running late So we're not going to be able to start at nine, so take your time getting here. Right. So then he gets here. So Jason's downstairs, Roland is upstairs. I walk up to talk to Jason to say, Hey, Jason, excited to have you here. Jason says, Hey, beautiful building. I couldn't, you know, you guys got a big operation. I said, Thank you. I said, the panel that we're going to do the podcast with is Roland Martin. How do you feel about role in Martin? His entire, the physiologist completely changed. I saw him being very uncomfortable
Starting point is 00:58:10 and I didn't like that. Now, to be fair, the email that Jason didn't show his audience when he criticized us is the email he got Friday, three days before the day the podcast, which I don't think Jason read. So let's show the email on Friday that you sent in and zoom in a little bit on this email. This email was sent to both him and it was sent to Roland Martin. Can you show the date, February 3rd?
Starting point is 00:58:32 Okay. Here's the interview, et cetera, et cetera. Monday, February 6th will be at the address, et cetera, et cetera. And then topics, look at the topic, zoom in a little bit, panel discussion on police reform, the 2024 presidential election, the US economy, and a mix of current events and trending topics. Key word there is what? Panel discussion on police reform.
Starting point is 00:58:54 Yeah. That's what this show is about. This was on Friday. He could have said who is the panel. Did he ever ask you who's part of the panel? No. He did not. Not once did you get a question from who's part of the panel? No, he did not. Did Roland ask you question who's part of the panel? No, he did not. Not once did you get a question from who's part of the panel? No, I did not.
Starting point is 00:59:07 Did Roland ask you question who's part of the panel? He did not as well. So neither one of them asked you who's part of the panel. No. No problem. So here's the thing. Dan Bonjino invites me on a show to be on Fox. No problem.
Starting point is 00:59:16 I go on the show to be on Fox. They say, Patrick, we want Patrick to be on Fox to debate Bitcoin. First thing I tell Karina and Sam, I'm like, I'm not a Bitcoin guy. Says, well, Dan wants you to go out there and debate, you know, I said, who's a debate? We don't know yet. Perfect. I go on it. All of a sudden I get an email, the person you're debating, because we ask who is the person I'm debating, it's going to be Peter Schiff. We did the show. It got very good views, a lot of good feedback. It was great TV. Everybody loved it. There was strong banter. Dan Bansino won because he got eyeballs because our audience showed up
Starting point is 00:59:48 We won because we were able to get Dan Bungino's eyeballs of his audience and they saw us so both it's a win-win This is kind of what you call media, but Jason goes on and he says they didn't tell me what it was about they didn't tell me it was gonna be show This was all a set up. So again, up until this point, this is what's not been shown to everybody in his audience. I go to Jason. Jason says, there's no way I'm going to sit with this guy.
Starting point is 01:00:14 He says a couple of different words. He says he's stalking me on Twitter all the time, et cetera, et cetera. So it's okay, no problem. I don't want to make this guy feel bad because I like him a lot. I like his content. I think Jason's very necessary. I said, Jason, how about we do this? Let's just do podcasts, you and I,
Starting point is 01:00:28 and then I'll do Rollins in an hour, but let's do podcasts, you and I. He says, no, problem, sit in there. I come in here. I tell you guys to prepare to adjust. The moment we're about to walk out, Jason walks out. When he walks out, Marri follows him, everybody follows him.
Starting point is 01:00:42 What's going on? They want to make this thing good. Hey, Pat, he's not talking to us. I walk out. I don't have any prom, I have any conversation. I said, Jason, what's going on? He said, hey, Jason, what is going on? Let's just do a podcast here together.
Starting point is 01:00:54 Do you realize how much the blaze pays me? I said, how much does the blaze pay you? They pay me a lot of money and I took a day from my schedule on Blaze to be here. I didn't like that, because I hate it when people waste my time. I don't like wasting his time. I said, what's your daily rate?
Starting point is 01:01:08 I'll compensate you if that's how you feel. But there is no motive here. We said it's a panel. How do you not see that it's a panel? You're not happy to face off Roland Martin. Anyways, he's walking, walking. By the way, he crosses the street. Red light has to stop.
Starting point is 01:01:21 I said, bro, just relax. Pump the brakes, traffic is coming. Crosses the street. I said, can I offer relax. Pump the brakes, traffic is kind of crosses the street. I said, can I offer anything to you? No, can I send you driver? No, I don't trust this, I don't trust that. He leaves. No prompt.
Starting point is 01:01:32 He takes off. Roland comes down, we do a podcast, fiery podcast. We do very good job. Jason talks about the fact that he needed me to go against a guy like Roland Martin because he needed somebody that can go and handle somebody like Roland Martin. First of all, neither Roland or Jason Whitlock are in the top 100 most intimidating people I've ever sat with in my life.
Starting point is 01:01:54 I've sat with Samuel Bulgervon. I've sat with a lot of intimidating people, very big names. I just like both Roland Martin because he likes to get dirty and fight. And I also like Jason Whitlock because he's got a complete different perspective. I probably agree with Jason more than I agree with Roland Martin on many of the policies. If you watch the podcast, it was pretty obvious for you to see it.
Starting point is 01:02:17 So then he used a race card and he said, well, this is, this is he would never do this with Jordan Peterson. He's using a race card. You know, what he's trying to do is uh... you know he's doing this because i'm black this the part that's very confusing he's a guy that paid paint himself as a conservative republican who doesn't like when the left uses their race to act as a victim but that's
Starting point is 01:02:40 exactly what you just did jason and my idea was, because I got two suggestions here to final the finish this thought off, what we learned from this experience, and as well as feedback to Jason to wrap this whole thing up because I'm not going to comment on this again. Number one, what we learned from this, we will never waste our resources without telling you who's going to be part of the panel. So when Robin and I had a meeting and others, we said, let's make sure everybody knows before we buy the tickets because it is waste of our money as well.
Starting point is 01:03:13 We also lost money. So number one, we learned from our lessons, made a mistake. Next time anytime we invite with a panel, we're going to say, here's what's going to be before we spend the money on the flight. But I got a recommendation for you, Jason, with luck. Your show is called Fearless. If you really wanna have a show called Fearless, you either become Fearless and face off with anybody
Starting point is 01:03:32 to have a debate with, or you change your show's name to Fearful, but you can't say you're Fearless and come to a place and then say, we have feminine energy and the person that has the feminine energy, the person that walked that and we're right here waiting for you. So you go ahead and figure that part out of the way you want. Having said that, I respect the work you've done.
Starting point is 01:03:52 I think you're super necessary voice. I had a very good time with Roland Martin. I think we would have had blast if it was a three of us, but it didn't work out. So best of luck to Jason. This is what happened to the story that I that he didn't cover with you guys. When he went on a three hour, two hour live talking about this, well, I'm trying to pull my kids down. Everyone's calling me, let me tell you what you said.
Starting point is 01:04:10 I'm like, dude, I don't, I'm putting on my kids down, right? I'm spending time with Brooklyn yesterday, and I'm having a very good conversation with my oldest son because of what we're working on with his grades. Rob, did I miss anything else from what I covered here? The only thing I would say is that in this email chain, I asked, and it's not on this email here, but in a subsequent email, I asked for plugs to mention, social media handles
Starting point is 01:04:31 to mention, and Jason responded to that. So he was reading the email. There's no way you could skip this portion and then answer the portion below and provide your social media handles to project that. So he did see that email because he responded to it. Correct. I did not know that and then we had some frequent emails after that flight was delayed but i mean it was all in the same email so it was there for him to see if he had asked us
Starting point is 01:04:53 we would have absolutely said hey here's the other panelist that we're working on mining up so fantastic anyways that the the podcast with rolon martin there was so many other youtube channels react to the media react to it i think total views were five or 10 million views. TikTok, Facebook, Instagram, YouTube, Twitter. Those were fiery conversation. And I respect Roland Martin for sitting here.
Starting point is 01:05:15 Funny story. Roland retweeted and said, if I knew I was gonna be sitting down with Jason Whitlock, I would have never sat down with him. I destroyed this man a long time ago. That's like a rolling just jumping there to take advantage of the opportunity. Anyways, okay, there you have it.
Starting point is 01:05:31 Roger, thanks for coming out. Thank you. This was great. I'm not getting a fight with you. I'm not getting a fight with you. This was great. I had a great time with you. Again, Kai, it's good to have you back.
Starting point is 01:05:42 Apparently, the war on the street was, you were fired. So somehow you're back here, it's great to see you. And we had a good negotiation. By the way, a lot of people are thinking Adam left or he's fired. It is true. Fortunately, it is partly true. We will tell you the full story on next week's podcast.
Starting point is 01:05:59 Have a great weekend. We may do one Friday. We may do a podcast on Friday. Can't tell you yet. I have a travel schedule tomorrow. I'm going to, I don't know why I'm going to tomorrow. I'm going to Orlando tomorrow. Come back if I make it back. We'll do podcasts on Friday.
Starting point is 01:06:11 If we don't have a great weekend, everybody, take care. Bye bye bye.

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