PBD Podcast - Super Bowl 'Weeknd' | PBD Podcast | EP 38

Starting point is 00:00:00 All right, we're live. So we're officially live for episode number 38. And we decided to bring Kylo to Adam. Can you tell us what we Kylo is? Oh my God. Welcome to the podcast. Ky's usually in the corner. Now he's at the front scene.

Starting point is 00:00:16 Maybe we're right here. He would go back there to the corner. You know who's fault this is. That's the girl. Tell us who's fault. There's a number one person. Ky has beef with Will Ferrell. Yes. They've been tweeting at each other. What do we'll say? What do we'll say? They've

Starting point is 00:00:29 been tweeting at each other. Will and Kai, welcome to the show. Kai, Lou, they're happy to be here. He's usually in the corner. We got Mario there near the Joker, but Kai and Will Ferrell. He's called me. He said, you never put Kai in a corner. No, baby. No, baby in the corner. I said, okay, mom. We'll put him over here. So he's at the front seat at the table. He's here He's across from PBD with us because he has to defend his angry. He's defending Norway. He's defending Norway because was it was it a G Well, the commercial was a GM commercial took a shot at Norway and And will Ferrer started it. He see us and he says I have to make my defense

Starting point is 00:01:02 Kai is here to defend Norway. Are you ready? Are you meant to be? I am ready. Yes. Okay. So first of all, for those of you guys, I don't know who Kai is. Kai is a guy that went from applying to want to be here.

Starting point is 00:01:14 I don't know. You know, today actually marks three years ago since I sent the first email tomorrow. Get out of here. No. So three years of real anniversary. So you sent the first email. How much after the first email that we meet with you? How long?

Starting point is 00:01:28 How long? How long? So I sent it in February and I think it was September, October. So nine months later, you do it. Seven months later, you fly out to here to Dallas. We do an interview and then how much longer after that did you get the job? Then that was September 28th and then I didn't start till early January 1st, we could get the jet.

Starting point is 00:01:47 How old are you when you were sent the email to Pat? At the time, I was probably 19. I was 20 when I just turned 20 when I flew out, and then when I started, I mean, I was 22. How old are you now? 22. 22. Well, let me say this, Kai,

Starting point is 00:02:02 because we're gonna be on this today. 22 years old, I promise, much like Ronald Reagan, not, because we're going to be on this today. 22 years old. I promise, much like Ronald Reagan, not to use your age or inexperience against him. Oh, okay. On the past, he did. Okay. So welcome to the show. How'd it be?

Starting point is 00:02:14 Shout out to Ronald Reagan. Yeah, shout out to Ronald Reagan. I mean, I was impressive, right, to what you did. So anyway. So Tom's gone and he turns into a conservative. What's going on here? You're now defending. Shout out to my friend Tom Zanner. Yeah.

Starting point is 00:02:27 So, so let's get right into it. Look, we got a lot of different things to talk about. Some crazy thing. I'm going to show a stat honestly. This is probably, you know, the article came out yesterday saying the fact that where Bloomberg said that we're expecting a, a market crash. This is a bubble, et cetera. I'm a lot of different factors.

Starting point is 00:02:43 And by the way, I don't like their factors. so you know that when I read it, you know what article I'm talking about? I was not impressed by the factors that we're talking about. I'm a, folks, I'm going to show you stat. Adam, I'm going to show you stat. You're going to look at this. You will be blown away. No, Joe, you're going to look at it. You're going to be blown away on what's going to happen with the market. So we'll talk about that. Obviously, Super Bowl happened this weekend. This guy named, what's his name? Thomas Thomas Tom, Tom, Tom. Tom is seven. You ready? Yeah. Be ready. That's right. No, what was the name?

Starting point is 00:03:10 The go. Yeah. He won seven Super Bowls. We're going to talk about how much the weekend got paid for the Super Bowl show, which weekend Adams a big weekend guy. And why Super Bowl drew higher ratings in the city of Boston than Tampa. And not shocking. Then the most offensive commercial that was done, okay, then Norway, obviously, then some stats about Tom Brady and Tom's actually day-to-day lifestyle. And what was impressive, it wasn't a schedule. What was impressive is what he ate and how he trained. And we'll talk about that. And companies that did commercials and advertised on Super Bowl,

Starting point is 00:03:46 the year Tom Brady went into Super Bowl, which is pretty intense. And then we got Door Dash, obviously Tesla buys one and a half billion dollars of Bitcoin, Bitcoin people went crazy. Everybody, the Bitcoin people wanted to say, I told you so. You're it. They just called that. It was like their day. everybody the Bitcoin people wanted to say I told you so. You're it and they just called that it was like their day. It was their day. They were so excited to call out anybody and everybody that said Bitcoin is not real.

Starting point is 00:04:13 So Elon Musk made their day, $15 minimum wage report came back from CBO study that's a very interesting and not necessarily most favorable for the Biden administration. Fox canceled Ludobs, the $1.9 trillion stimulus package. Gavin Newsom, will he stay as a governor or not on a couple of people that want to run up against them? And one of them's pretty confident about it. Mattress max three and a half million dollar bet. And then Uber driver of the week, which I think we got to talk about that.

Starting point is 00:04:43 You know, are you ready with that one? Are you ready with that one with the Uber driver? Okay, so what we do is, what we do is, if you want to prepare the Uber driver the week, so Adam, you and I can remember this. I don't necessarily know if I can remember this. I've never heard of it. Okay, so you've never heard that voice before.

Starting point is 00:04:59 No, I've never heard this voice. I know that it's been brought up here, but beyond that, I didn't know about that. If you're ready to video, if you want to pull up the video. So this Uber driver, okay, he's driving. This is the lead story. So we're going with we're going to open it up with it. Okay, let's open the Twitter one.

Starting point is 00:05:14 Go to Twitter, Brandon Baker, Brandy Baker. Okay, sure, she's going into the Zuber driver, you know, a guy and a next thing, you know, she says, who are you? And says, I'm the AOL sound. You've got mail says no way says, yeah. So you remember this Paul, you remember us, you were same age category. You've got mail, right? And then this is what he sounds like he's now an Uber driver. If you want to press play, this is my Uber driver. And he just told me something very special that he's the voice behind.

Starting point is 00:05:45 Welcome, you've got mail. That's crazy, right? Do it again, do it again. Welcome, you've got mail. Yeah, okay, what's your name? Elwood Edwards. Elwood Edwards. Here's what's crazy.

Starting point is 00:05:58 I've seen this tweet this one four years ago, but I just saw it myself, you want a first pause? So you hear a message like that. You would think he'd be in a different situation, but that comment you've got, how many people you think I've listened to that? I mean, this guy's the most famous, right? Yes.

Starting point is 00:06:14 So let me paint the picture. Yeah, please. I asked Kai, Kai's 22. We're in our early 40s, 20 year age gap. When we'll use Tom Brady because we'll circle back to him. Tom Brady was playing in his first Super Bowl when you were basically a infant.

Starting point is 00:06:32 You were an infant. I was a junior in college. You would probably just got out of the army maybe. Where were you? Where were you? 2001. Oh, I just got out the army. Okay, boom.

Starting point is 00:06:43 So here we go. We're circling back. Just to paint a picture for all the young bucks out there. Between 19, I mean, I just got out of the army. Okay, boom. So here we go. We're circling back. Just to paint a picture for all the young bucks out there. Between 19, I mean, I was late to the internet. I remember asking a good buddy of mine, what's the difference between the internet and email? I had no clue. This was in 1995.

Starting point is 00:06:53 You still don't know. I still have still struggling with it. Boomer over here. But between 95 and 98, like, you talk about how social media's big Instagram, you know, Snapchat TikTok, AOL Instant Messenger was like the cat's pajamas. That's where it was going down. Let's bring in Eddie's ex-white so go ahead. Let's get him over here. Shout out to Eddie.

Starting point is 00:07:13 Shout out to Eddie. But when you would log into AOL, that's the first sound you would hear. Welcome. You've got mail and you're like, damn, people know me. People like, I got mail. I don't know what I'm about to see. Back then emails mattered more than today. If you got an email back then, you were, cause there was no spam. So if you got an email, there's a real, you're like, oh, people are interested.

Starting point is 00:07:35 It was like, it was like getting a birthday card in the mail, like an email. It was exciting. Today you look at your email, Paul, great, great addition right there, Paul. Crushing over. Yeah, Paul, great, great addition right there, Paul. Crushing over here. Yeah, Paul, that I threw in that. Yeah.

Starting point is 00:07:48 Hit me up at his scarcicle4atAL.com. Now you look at your email and like you, and it's like, oh, I got to deal with his email. It was exciting. It was new. It was fresh. And that was the voice you would hear every time you logged on to AOL. Pat, what are your memories from AOL of the late 90s?

Starting point is 00:08:07 To chat, you know, to chat rooms. You'd go to the chat room. You were hitting chat rooms, though. I remember I was at my friend's house, Arten, and he says, you know, there's something called AOL chat. So what's it? So then there was Glendale AOL chat. Glendale High School AOL. I mean, it was like very specific. And, you know, you'd get in there, you start talking to folks and you got people coming back and it's very interesting. So the whole concept of Facebook messenger, Instagram, DM was AOL chat.

Starting point is 00:08:33 Oh, yeah. You think about it, right? Oh, yeah. And I guess you crushing it on AOL chat. Oh, I was killing the game. I can tell. I was, I was, I was, I got this thing going. I got this thing.

Starting point is 00:08:41 I got you got man. I was Adam Saasnik, all county. The other day Adam Browder, friend of his here. I think I'm honestly, Marty, I thought this thing, I got you got man. I was Adam Sausneck, oh my God. Oh, county, the other day Adam brought a friend of his here. I think I'm honestly, Marty, I thought about it that now when I went home after the art house. And we treated him on his birthday twice lunch just to remember you were in the priest and cake and so he milk. I mean, we did all of it.

Starting point is 00:08:57 I had the best day of my life. So I realized when I went home, why he brought, shout out to Terrell, Terrell, my man. I realized why he went home, why he brought shout out to Terrell. Terrell, my man, I realized why he brought his friend for his friend to tell us how special Adam is. Yeah. He identified me. That's smart.

Starting point is 00:09:14 He doesn't have to do it himself. By the way, so apparently Adam was a, this is no joke, by the way, Adam was all county receiver. He let the county and receptions. And he played with a quarterback that went to Columbia University. He's now, I think a district judge. Yeah. Big time. Right. Right. Right. Right. Right. Right. Yeah. And Adam was a better football player than a basketball player, even though as basketball, he almost made it to NBA one cut away from

Starting point is 00:09:36 getting into the NBA. Our body. Adam sauce. Yeah. You know, there we go. This is, and I know all the local security guards in Miami Beach, when we go into the private islands. Hey, how you doing? He's the Albando of Aitaman. He's the short for touchdowns. Four touchdowns in high school football. The Albando of Aitaman. So back to AOL.

Starting point is 00:09:54 I mean, because that's what was going on in the late 90s. Kai was being born and we were macking it on the Glendale in some messages. So AOL, are you surprised though that he's driving an Uber now? I'm likecon it on the Glendale's, uh, in the messengers, so AOL. Are you surprised though that he's driving an Uber now? I'm shh, like, Well, think about it. Like, think about it this way. So you go on Fiverr and you ask a guy, can you do this voiceover?

Starting point is 00:10:13 You pay him 50 bucks, 20, he has no clue what he's doing. He's just gonna voiceover. So he does a voiceover. Yeah. He has no clue that voiceover is gonna be heard by billions of people. He just knows he did a voiceover.

Starting point is 00:10:23 He probably just got paid a hundred bucks for that. If you think about that's ridiculous, if you think that guy should be a AOL millionaire. No, that guy should be driving Uber. That guy should be like the guy from Sprint. Can you hear me now? Good. Can you hear me now? I got beef. What happened with that guy? Oh, I got beef with that guy. Are you talking about the guy? No, I'm just a record. I'm an AT&T guy. The guy, is he with Verizon now? He went to Verizon. He went to Verizon. You're telling me for years, bro. Number one, I'm an AT&T guy. So I wasn't switching. This guy's on there.

Starting point is 00:10:56 Where is he now? He went from, didn't he go from Sprint to Verizon? No, I don't think so. We get a fact check on that. Mario. He went from Verizon to Sprint. Okay, so he went from Verizon to Sprint. He was Verizon. That's what he was. Can you hear me now? Can you hear me now? He's telling you, you know, Verizon, can you hear me now? And now you want to roll up on me and try to sell me some Sprint?

Starting point is 00:11:13 Like get out of here, bro. Like you're a faker. So you don't like that. I got beef with that guy. So he's the complete opposite of this Uber driver. He probably got paid two, three times. He got paid big time. And now he's selling out for the man to get a higher price.

Starting point is 00:11:24 I mean, the AOL guy for the record should have gotten paid. I'm going to just see him. I'm going to just speech you because at the end of the day, he's a commercial actor. His job is to act. So he is not a founder of Verizon. He was a spokesman. He's a spokesman. That's like Jared Fogel going to Quiz Nose.

Starting point is 00:11:44 That's like Jared Quizz. I'm a Quiz Nose guys. Now, I know he's in jail. He's not spokesman. He's a Jared Fogel going to quiz nose. That's like Jared quit. Hey, I'm a quiz nose guys. Now I know he's in jail. He's a weird. But I think part of it is just how you sell it. Again, if you're a good actor, you could sell it because I meet you in the parking lot after the show, buddy. You do it. You're crossing the line, Paul right now.

Starting point is 00:11:58 What about the way? Let me ask you this. Let me ask you this. Who wanted that when you get a guy from Verizon to go to sprint, that sprint one is a kind of like we are now better than Verizon. Is that kind of like the idea? I mean, do you think there's a guy bought out by T-Mobile? So I don't know if sprint even one in that is he saying the same line? Can you hear me now both places? No, that was not right.

Starting point is 00:12:17 By the way, if you're watching this, I'm actually curious. If you use a TNT, smash thumbs up. If you use Verizon, smash thumbs down, and if you use, what's the next one? Print, anything else? Anything else? AT&T, thumbs up. Verizon, thumbs down. And if it's anything else, just put whatever else you use. T-Mobile. Anything else you use, just comment it below.

Starting point is 00:12:40 We want to know what they're using as a whole. I'm just curious to know what people are using. I'm actually very curious to know what. You're AT&T. I'm AT&T. I'm actually very curious to know what you're AT&T. I'm AT&T. I'm AT&T. You're Verizon. AT&T Paul.

Starting point is 00:12:49 AT&T. I was sprint, but they are. Paul, that makes sense why your team was always like, Oh, no wonder you're defending the freaking sprint. Well, I'm a defend sprint here. So let's free data. Let's talk about, let's have our Super Bowl. Okay, let's go.

Starting point is 00:13:01 Yeah, I was waiting because we're trying to see if California walks so folks are waking up because you know, we're in an hour or a little earlier today. A little earlier than usual. So right now, California time is what? 518, right? So they're in bed waking up, you know, pad. Why did you do this? Tom Brady's just waking up at 530.

Starting point is 00:13:16 Tom Brady's been awake. He's done the rancix miles already. And he's in Eastern times. Yeah. So so Brady in 2002, one of his first of the seven Super Bowls. George Bush was president. Justin Timberlake was still the member of Sinc. And it cheats quarterback Patrick Mahomes was six years old.

Starting point is 00:13:34 Companies that advertised during Tom Brady's first Super Bowl, AOL. That's why I went with this guy first. AOL, then Blockbuster. Think about Blockbuster that is super bulk commercial in 2002. Radio Shack, Circuit City, Comp USA, Sears, Hot Jobs, Yahoo, Voice Stream Wireless, and Gateway Computers. Is that not crazy? How many of those companies are still relevant?

Starting point is 00:14:01 Well, first of all, relevant or around. There's a big difference. Both. Let's go. AOL is still around. Radio Shack Well, first of all, relevant or around. There's a big difference. Both. Let's go. All is still around. Radio Shack is somewhat still around. Blockbuster is a series is around. You got Yahoo is around.

Starting point is 00:14:13 Gateway. Yeah, yes, really four of them. So voice streams wireless. I looked it up. They're actually what we know is T-Mobile today. Okay. They were. They were spun off and then they were acquired and then they were purchased

Starting point is 00:14:26 Gateway computers and CompUSA were all bought by were both bought by the same company, which is a computer component company You have radio shack was actually Since 2017 it was basically done, but a general wireless operations bought the trademark and essentially the branding of it. They've been using it. Guys, you're now witnessing what Kai brings the table here. This is R and D right here. This is research and development.

Starting point is 00:14:52 You're bringing some knowledge to the people that you've resettled. We're getting smart. I was getting too smart right there. I just think this is what he's bringing to the table here. And then Gateway Computers was acquired by Acer, which is another computer company. And if you look at it, do you remember a gateway computer? Do you remember gateway? Remember the name? I remember. That was my first laptop. Do you actually remember gateway computer? Yeah, I thought I thought I'm we you went into the story. You saw a gateway. We can be like Bill Gates. Are you kidding me? Like this thing could

Starting point is 00:15:17 actually wait Microsoft. What do you mean? Wasn't gateway? No, there was the Bill Gates came out with a computer himself back in that time. Really? I thought separate from Microsoft. I thought it was, they never came out with a computer PC. Okay. So I think that those days was like, dude, you're getting a Dell. That was the coolest guy in the world. I didn't think about Dell. I thought about it. Gateway came out. I thought gateway could have some legs. Yeah. So, but so here you go. AOL blockbuster radio check circuit city, Comp USA Sears hot jobs go. A.O.L. Blockbuster Radio Shake, Circuits City Comp USA Sears Hot Chops, Yahoo, Voice Stream Wireless, Gateway Computers.

Starting point is 00:15:49 You were gonna say something. I know we're gonna go deep and turn this topic right here, but this is very reminiscent of the episode you just did on how to stay relevant and very quickly things can change if you don't compete in the marketplace. So I'm just teaming that one up for you on the segment you just made. You got marketplace. So I'm just team that one up for you on the segment. You just need to...

Starting point is 00:16:06 Yeah, you got to realize the hardest part to do that in is companies. Like think about a company that was relevant in the 50s, 60s, 70s, 80s, 90s, 2000s, 2010, 2020. Think about companies. It's not that many of them. This is like the whole statistic you read about that 70% of companies in the Fortune 500 from 1950 are no longer around. 70% because the number one reason why they're not around

Starting point is 00:16:33 is what? High level of competition, new level of innovation, old school gets comfortable casual, they think they're gonna be big and powerful for ever somebody who takes them out. If eight out of these 10 companies or tech companies, and especially considering this is 2000, so this is right after the dot com bubble. And do you think there's more competition there than other companies as sears?

Starting point is 00:16:55 You mean tech? You mean in the tech? I'm sure. It's not even that there's more competition. I don't think is that that one industry lacks competition more than others. Although some industries do like, if you think about Pepsi versus Coca-Cola, if you think about Pepsi and Coke, two guys got the entire market. Every time you come out and you have some kind of momentum, they buy you out.

Starting point is 00:17:14 Here's a billion. Here's a billion. Here's a billion. Get out. They buy them out, right? Okay. So do Opley. But I think what the difference is between technology and all the other industries, technology

Starting point is 00:17:24 changes faster. So if anything changes faster, you can go from one moment being a hero to next moment you're relevant, thank you, and no one even knows who you are. So that's the difference between technology and the rest of the guys. But let's continue with the whole Super Bowl thing.

Starting point is 00:17:39 The weekend, performs. And everybody's in this entire time. Did you guys think the artist got paid for doing a half time Super Bowl? I, yeah, I thought they did. Did you Paul would you? I thought they mean like a male. I thought they made some kind of money. So apparently every performer that performs during Super Bowl half time show,

Starting point is 00:17:57 never gets paid. Beyonce, Bruno Mars, can they get, they get scale? I mean, scale is like not that much money though. You're not talking like a million bucks or 10 million bucks. Can you check to see if Michael Jackson got paid for half time show because if Michael Jackson didn't get paid, he was like the king, right? What year was he doing this? Long time ago.

Starting point is 00:18:14 1990. Yeah, that was a while back when he didn't. So beyond say to Bruno Mars have essentially worked for free. Despite Salonaut stadiums on world tours, most halftime A-listers are reportedly paid union scale, which is a fraction of a six or seven figure sums. They take on the reg according to Forbes. It's usually worth the underpaid label for these stars, since they could get as many as 104 million set of eyeballs on them at no cost to them. It usually ends up to a big spike in sales. For example, last year's halftime performers, Jeylon Shakira collectively sold 21,000

Starting point is 00:18:50 song downloads and increase of 893%. Able weekend spent almost $7 million of his own money beyond already generous budget to make his halftime show. Be what he envisioned Seven million dollars a rep for the star told the post. So what are your thoughts? Good idea not getting paid They should get paid. Mm-hmm. What you find first of all who's that Michael Jackson He asked for million dollars a seeming bargain, but the NFL did not pay its halftime performers of policy that remains Wow good for the NFL

Starting point is 00:19:23 Good for the NFL and good for Michael Jackson, but good for the NFL for not paying a million bucks and they took a stand. Yeah, that's eyeballs. You got their thoughts. Yeah. I mean, the last sentence you said, Abel, which is the weekend's real name, spent seven million dollars of his own money beyond the already generous budget that they make for the halftime show. Yeah. So what I would do is I would insert the word invested seven million dollars of his own money rather than spent, because it's all about ROI. And I'll give a case example.

Starting point is 00:19:49 Pat Patrick Bet David, host of the Bet David podcast show, did you know who the weekend was before the Super Bowl? No clue. You had no clue who he was. I knew, I knew tuba songs, but there's my point. You, when I, when I first moved to Dallas, this was, you told me he's a level below Michael Jackson with no dance. I said, he can sing like Michael Jackson.

Starting point is 00:20:09 He's got the moves, but he doesn't have the moves like Michael Jackson. But the point is you did not know who the weekend was, but you were playing his hit song, blinding lights on repeat over for months, and over, and over, and over again. And pets that I have no clue who the way. What I did know is the fact that he was the guy that did a face surgery, which was all fake. It was all a publicity stuff leading into this. Of course.

Starting point is 00:20:33 Brilliant move out. And he had all the bandage people dancing around. Like there were zombies in through, there were reminiscent of some Michael Jackson stuff. But even Pat who was listening to blinding lights, literally on repeat, like I remember playing ping pong in the song, which is, there's no question. boom, boom, still had no clue who the weekend was, even though you listened to his song.

Starting point is 00:20:50 So it just shows you can have a hit song and nobody knows you are. Pat, do you know who the weekend is now? No question about it. And by the way, I gotta tell you, man, in my opinion, some people like, oh, he sucked, you know, his performance wasn't this, I thought it was amazing. I was literally entertained. Yes. And you could hear his voice, because sometimes in these types of things, A.V.s off, the his performance wasn't this, I thought it was amazing. I was literally entertained. And you could hear his voice, because sometimes in these types of things,

Starting point is 00:21:08 A.V.'s off, the sound is not really good. You're singing and we're like, yeah, I can't really hear you. Sing that well. I thought he crushed it. I thought the setting was amazing. I thought the set was amazing. I thought the performance was amazing. When they walked on to feel that the end as a player, I was a little bit ticked off.

Starting point is 00:21:22 I'm like, listen, man, if you create one little, you know, a very, a divot work and triple over, you know, and a guy instead of getting a first time, you get a third time. Well, that's probably why Kansas City Chiefs got crushed. You know, it was all a weekend. It was all the way down. Yeah, but, uh, but I thought he was amazing.

Starting point is 00:21:35 So you're saying the investment of $7 million of his own money was a good idea. I'm saying, listen, a lot of money. I'm saying whether, what, number one, not getting paid, completely understandable now. Look at the eyeballs. It's free marketing, what number one, not getting paid completely understandable. Now look at the eyeballs. It's free marketing, it's publicity. It's everything.

Starting point is 00:21:48 I mean, this says 21,000 song downloads. That means you made $21,000. Okay. What will you? Well, 21,000 song downloads means what? Seven million. Yeah. Paul, what does 21,000 song downloads mean at 99 cents?

Starting point is 00:22:03 Oh, that's one song. I can't do math that fast. Okay. So listen, now you're me at 99 cents. Oh, that's one song. I can do math that fast. Okay, so listen, now you're talking about the weekend who maybe, you know, let's say 50 million people knew who he was. I'm just making an example. Now 250 million people know who he is. I have that big of a number. I would just say 75 million.

Starting point is 00:22:19 I've a question though. Yeah. Stage wise, what is the bigger place to perform as an artist than like say super ball. I mean, there's only been 47. That's it. That's that's that's the number one place to perform. Only I really want to know. Here's what it is.

Starting point is 00:22:33 World cup finals. Okay. World cup finals. But is it the same level of and they don't even do entertainment. Yeah, they don't have they don't have because it's short and or boom. They go. Yeah. If you had a chance. So I would say probably it's the biggest show. It is the biggest shows are bigger than Olympics opening.

Starting point is 00:22:50 And nothing bigger than the bigger than the Super Bowl half and the Olympics. That's why we're going down 40 million here and got a private jet and health insurance for the rest of his life. So it's a little bit of a worldwide audience. So you're saying the seven million was worth we can spending the seven million. Absolutely. Do you think? Do you think he set the tone for everybody else in the future to also spend a part of their money? Or no, you think this is just like a one thing. Again, I'm using the word investing not spending. This is an investment in your career. Seven million. No, no, no, no no, but he's probably put it this way.

Starting point is 00:23:27 Pat, you didn't even know who the weekend was. You definitely know who he is now. No, probably your whole family knows who he is. Yeah. If the weekend goes to a concert and here in Miami, you might now even take your family. I know the weekend. Now he's making money. Now you Mario Mario said he doesn't listen to the weekend Monday through Friday. That's true. That was a joke. That was a Mario. Oh, that's the guys Mario stand up. I know Mario's joke. Listen, I would tell you any comedians in Florida hang out with Mario for one night. You will at least get 10 jokes from Mario. Yes or no. You may have the audience walk out, but you will get 10 jokes from Mario. Okay. All right. So you're saying it was worth the seven million.

Starting point is 00:24:01 What are your thoughts on this? So I just be curious about what he spent compared to other people, have to other half time performers. And if the budget is lower this year, then it is other years, given that there's with the audience, less people watching ads. I mean, we've talked about ads pulling out. So maybe there's a lower budget, and then he made up for it. That would be something that I'd be curious about.

Starting point is 00:24:23 What is the qualification? Like, made up for it. That would be something that I'd be curious about. What is the qualification, like who votes for it? I wonder like who says this year we're using the weekend? Like how do you can't benefit that? Is it the NFL? But I wonder is it a campaign or is it a, hey weekend, you got the spot, it's you. Like how does, you know how you lobby to say, we want the Olympics to be in such and such country?

Starting point is 00:24:45 How is there, is there a form of lobbying for? I'm sure there might be slight lobbying, you know, agents are always, that's their job, but it would be a similar process to, you know, kind of how we choose. Do you think a part of the seven million is a money he paid to the NFL to be the half time show guy? Like do you think, you know what I'm saying? It might be. You know, so what I'm saying, because I see where going with this where it's like hey NFL, I'll give you three million

Starting point is 00:25:07 bucks. Let me do the half time and NFL's like, okay, we'll take another three million dollars. I don't think the NFL needs three million dollars. Okay. But I mean, to put it in perspective, I see where you're going here sort of with the conspiracy there on the weekend here. I mean, let's let's look at let's look at that. Not that's not that is that that's serious. But like, let's look at last past performers. Yeah. I don don't know, correct me if I'm wrong, Paul. Has there ever just been one singular performer just not named Michael Jackson who just performs by himself? Like, think about it.

Starting point is 00:25:37 Shakira and JLo perform together. You had Maroon five, a whole group. They brought on like the Rolling Stones. Very good. You brought, you had, you had with Justin too. I think she sang the national anthem. That's, I don't think she was the performer. Yeah. You had Justin Timberlake with Janet Jackson. He ripped off the, you know, the Titi. That was a famous thing. Respect to that. But just the, even Bruno Mars had his whole crew vibe. The Bruno Mars cast or whatever. It is all stars. Just the weekend one dude. Yeah. You know, okay. I mean, I'm so let's

Starting point is 00:26:07 yeah, I'm with you. Good for him. Conspiracy there. Good for him. So he, you know, there may have been something going on. Prince 2007 by himself. Yeah. But Prince is Prince. Beyonce 2013. That's another Mount Rushmore. New kids on the block. 1991. That's not that's not me hanging tough. Wait, new kids on the block 1991. Yeah, huge black eyes keys 2011. Okay, but you had Fergie of will I am you got the other two Yahoo's you know, I mean, that's a whole group with the Florida in M band 1971. Fam you, Fam you respect the fam you if you're a fam you a rat learned respect. Okay, there you go Diana Ross 1996 you

Starting point is 00:26:47 Okay, you're talking Beyonce. You're talking the Beyonce is the modern day Diana Ross I mean people forget like she was the Beyonce of the 70s. I want to say 60s. Okay, but the weekend just went from Yeah, I kind of know that guy. He's pretty big to you know Mount Rushmore music status. Super Bowl drew higher TV ratings on Boston and Tampa. Plenty of Patriots fans still love to watch Tom Brady. According to our and I don't know what you have over there. Boston generated a rating of 57.6, which means 57.6% of all the TVs in the market were turned to the game in Boston. In Tampa, that number was 52.3. There's only one TV I care about. What's that?

Starting point is 00:27:26 Bill Belichick. I just care if Bill Belichick's TV was turned on. The 57.6 rating in Boston surpasses the rating generated there for all, but one of Patriots Super Bowl appearances, which is quite frankly an amazing outcome. So Boston, even though they lost Brady, they still love the guy. Well, for sure. And even Patriot sent a tweet afterwards, given him love when he won, which was a class he moved, done by pay. I'm almost certain that was Bill Bellicic

Starting point is 00:27:55 because he's a big tweeter. I can almost see that happening. So what do you think about this? So I have a theory about this. I think part of the reason is that when a team is winning and you created dynasty, there's more followers. A lot of casual fans don't care about sports unless you're winning. I can see that. And Tampa, I don't know when they won the Super Bowl last, but it's been a boring sand. 2000, 2000, 2000, 2000, okay, long time. Okay, that's a long

Starting point is 00:28:20 time. 2002, 2003. And I mean with the Patriots, they've been in what? Nine Superbowls since 2002. So obviously you have a lot of casual fans that then start jumping on the bandwagon, so to speak. And I think now that even though he's left, there's still football fans in general. And then also obviously that he was basically born and bred in Boston. I mean, you have 19 years versus one year of a track record, right? So you have 19 years of rooting for Brady versus in a COVID plagued season. Somehow the goat ends up in the Super Bowl and you're a casual Tampa Bay fan and you, you might watch Super Bowl. But let's not forget, you know, the level of sports fans.

Starting point is 00:29:04 We'll use a story from this past weekend. You know, you go to Green Bay, for example, what are you doing on the weekend? You're watching the Packers play straight up. I mean, you're in New England in the middle of winter. You're watching Tom Brady play. We walked into a sports bar in Miami this weekend and it was pretty funny. And it was, it was Pat, I his kids, you guys showed up and, you know, we were getting lunch. We were hungry. We were, it was a packed shout out to my, my boy Rudy who

Starting point is 00:29:31 runs a tap 42. Alex Rudolph down in Miami. Commercial. Reconmercial for the tap 42 crowd. Go, go get the, the hot plates there. But the point is the places packed. People are celebrating birthdays. It's a level up on your art house. And Paco's, I go, I go, I asked the waitress, I go, this place is pretty packed today. And she's like, yeah, you know, our bottomless broads, that, that out of the pack goes, but don't forget, you know, University of Miami is playing V-Tack in basketball. I go, Pat, dude, that's, there's nobody here watching your random college basketball game in Miami. He's like, really, that's, that's not here watching your random college basketball game in Miami.

Starting point is 00:30:05 He's like, really, that's, that's not why people are here. I go, no. We're in Miami. We're in Miami. Miami is playing Virginia Tech. I said, I 72 to 72. Yeah, it's going into like double overtime. They should.

Starting point is 00:30:16 I go, I go past. It's not Bama football. And I looked around. Yeah. Literally no one was looking at the line of the screen. We, I said, Pat, we're in Miami. There's night clubs. There's, you know, you can go jet skiing.

Starting point is 00:30:26 You can go anywhere you want. You can feel trips. You can go to the beach. Nobody's sitting around watching the random college. The rugby take a shot at the folks in Boston. Yeah. What was that movie? Was it was, I don't know what movie was if it was Ben Affleck with, if it was Goodwell

Starting point is 00:30:41 Huntingwear. Yeah. Ben Affleck tells tells what's his name and Hunting where Ben Affleck tells, tells what's his name and he says, man, I'm so sick of the, you know, the women in Boston, I got to leave this place. I think there is a line there somewhere. I don't know where it was. And he had, he wanted to leave.

Starting point is 00:30:56 So yesterday I was, I was talking to Nicholas Ingram, who's a sniper. Okay. I mean, 33 confirmed kills. Irving. I'm sorry, Nicholas Irving, who has 33 confirmed kills as what he has. In a span of like 90 days or 100 days, pretty intense, all in Afghanistan, right? Three or four months. And I said, what city are you?

Starting point is 00:31:17 And he said, San Antonio said, how do you feel about San Antonio? He says, I can't stand it. I said, neither does Charles Barkley. No, Charles Barkley always takes shots at San Antonio. So today, New England, I just want you to know, Adam Saasnik, Adam A.D.A.M. Saasnik, if you want to make sure you send him a message, the fact that he took a shot at Boston, you can reach it. Well, yeah, I mean, I'll talk money.

Starting point is 00:31:38 That's how it's how it's money. Listen, you know, if you want him smart and pale, go to Boston. If you want him dumb and tan, come on down to Miami. So I'd like something maybe in the middle. So there we go. I took a shot at both cities. All right. Even though I love my.

Starting point is 00:31:51 Okay. So let's go to Norway. Let's go to Norway. Speaking of smart and pale, let's go to Norway. Let's go to Norway. So Norway, Norway will feral comes out. We can't show it, but if you saw it, you it, we can't show the Norway, the GM commercial, and he punches the, what do you call it? Can we actually show the commercial or no, Marie?

Starting point is 00:32:11 I don't know if we can show the commercial or not. If we can, I don't want to show it. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no,

Starting point is 00:32:21 no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no I can take it off because Norway is now the leading country in the world for electrical vehicles. So go ahead. I'll turn it over to you here. What happens next? No, so this commercial actually came on early in the Super Bowl, too. It was first quarter. So it was early. I don't know if it was first or second, but it was early. It was early. So the commercial came on and then yesterday my uncle actually sent me a video where there's an Norwegian university that responded to the commercial. It's like a dig at the commercial. And Wilferl specifically, and I want us to watch that.

Starting point is 00:32:48 Mario, if you want to get it prepared, Mario's sitting over there in the corner just enjoying the show, which is going. University? Yep. Full screen. Damn it! Holy macro. Ulaf, Ulaf. This just start right for you. It smells like fishy.

Starting point is 00:33:04 I don't care. The Americans are coming, and Will Ferrell does not look happy. What do we do? We have to make a public apology, and we have to get rid of anything else that might make Will envy us in any way. If you get so annoyed about our electric vehicles,

Starting point is 00:33:17 I can't imagine how we'll react to all the other stuff. All right! Action! Dear Mr. Ferrell, dear General Motors, on behalf of our university and the rest of Norway, we are truly sorry. We want to maintain a strong and sound relationship with the United States.

Starting point is 00:33:32 And of course, we shouldn't have become the leading country in the world when it comes to electrical vehicles without checking with you first. And we fully understand that you want to cut us in the face. But our collaboration with you is at most importance. Our student exchange, for instance. I'm just in the face. But our collaboration with you is a utmost importance. Our student exchange, for instance. I pay tuition.

Starting point is 00:33:48 Again, I pay tuition? One more time. I pay tuition. Good. But I don't pay tuition. Education in Norway is free, even for us Americans. Well, I know that, but Will Ferrell does not have to know. We also hope that we can continue our extensive research

Starting point is 00:34:04 collaboration with many American universities. We collaborate, for instance, with you. She's actually the president. Good afternoon, director. I was hoping I could talk to you about our battery research. You know that project that uses clean renewable hydro power to recycle and reuse batteries for my electric vehicles? Okay, but we'll have to talk about this later. This is really not a good time. OK.

Starting point is 00:34:26 What we're trying to say is that if you want to be... See you at the opening of the battery factory then. Yes, yes, yes. What we're trying to say is that if you want to become the number one country in the world when it comes to electrical vehicles, we won't stand in your way. We'll even help you and co-create the knowledge you need.

Starting point is 00:34:41 Excuse me. Hello? Hi, Rector! I just wanted to say goodbye, and I'll see you need to excuse me. Hello? Hi, Rector! I just wanted to say goodbye, and I'll see you next year. I'm a former one year paid maternity leave. Sorry about that. That's sorry! Wow!

Starting point is 00:34:59 I'm on maternity leave and she goes skiing. Sorry. Wow. Straight up. Good for that. And the crazy thing is this is a 2000 subscriber channel. In a day, it has 200,000 views. I mean, people gonna, but the point is Norway got a big shot on everybody's cursing or what Norway's really doing.

Starting point is 00:35:20 Yeah, no. Okay, so Norway clap back. Yes. Who is that lady exactly? She is the president or like a Duke of the University kind of that. Okay, so Norway clap back. Yes. Who is that lady exactly? She is the president or like a duke of the university kind of that. Okay, I'm a university. I for a second, I was like a president of Norway. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no taking shots at capitalism. They are taking shots at our entire economic system. So it's Norway is Norway capitalism socialism. That message is sponsored socialism. So it's Norway has a socialistic state, but it has a capitalistic market. So you have the

Starting point is 00:35:55 free market, but then the state kind of comes in and takes over. So you have for maternity leave like a nicer version of China. Hmm. A highly functioning democratic. For light. Sure. And the thing is, but obviously Norway has the money and the oil money. Seven trillion dollars to support it. Yeah. And they have.

Starting point is 00:36:14 Can you unpack that? What would you just say? So Norway is a smaller country. You have five and a half million people, I think. Yep. You have a population that where most people are obviously working. You're kind of just and working and taking care of it.

Starting point is 00:36:28 So you're paying in and then you're getting back from the state. Norway also is a big oil company. Norway could technically be like a Saudi Arabia or a country. That's what's crazy to fact that they have that one. However, they early on as soon as they started, they said basically we're going to put this on a fund in future generations. So they haven't tapped into it. This year, I think, was like the first year because of COVID, they actually tapped into

Starting point is 00:36:50 it in, since the existence of the fund. So here you have a company that, or a country that's saving up and storing the money for later purposes, but then they're also taxing people a lot or, and making sure that you're paying for the, the goods of the state. What is, what is a is over the high low? I think so I think it's 30 40% is tip is a pretty typical tax. I think I paid 25% or 28% when I was making 30 40 grand or so. So you paid less than 30% when you're making 30 40.

Starting point is 00:37:23 And the top line what's the top line? Does it all buff 50 or no? That I'm not sure. Okay, I'd be curious to know because that's a lot of. I tax rate in Norway if you want to look at that. Highs tax rate in Norway. But is there marginal tax brackets? Is it how does that work in Norway?

Starting point is 00:37:36 I think it's marginal. Yeah. I'm not too familiar with it because I haven't I didn't work there too much. Okay. But I think right. He was a 17. I have no way. 38.4, but wait a minute. Sweden's top. I see 57. But that's Sweden. That's Sweden. Well, what's the difference? 38.4 is the high. Does that sound about right? Or is there higher than 38.4? I think that sounds about right. I mean, mean, 38.4 to be honest with you, you know what this says to you.

Starting point is 00:38:08 There's got to be something higher. No, no, let me tell you what this, what does this say to you? Okay. What does this say to you? Well, it says that our taxes are damn too high. Which means what? Which means we're overpaying. Yeah.

Starting point is 00:38:18 And it's irresponsible people that have no clue what to do with our money because we have California that pays 60%. Crazy. Six. This number can't be right. This number can't be right. There's, there's, there's one tax that's not included here, which is the value added what to do with our money because we have California that pays 60% crazy. Sixth number. This number can be right. There's there's there's one tax that's not included here, which is the value added tax. You do the research over here. Norway has a value added tax.

Starting point is 00:38:33 Everything you buy has a 25% value added tax, which obviously when you're paying and you're buying makes it quite expensive. And Kai said something that shouldn't be thrown under the rug, but Norway saves, you know, the Americans, we don't save. Norway's money. No way. Save that money is what they say. Yeah, I see very much.

Starting point is 00:38:54 You know, that's something I can get behind. But guys, on a, I'm actually being very, very, if that is the real number, okay, could you get behind 38% top line, okay? I'm not buying that though. I, we gotta check our stats here. I'm thinking the top line has to be at least 50%. In a, in a socialist country or whatever you wanna. They're probably, they're probably.

Starting point is 00:39:15 No, that's, that's right. That's what it says. I'm, I'm on a different, so it says, Denmark is 45. Sweden is also close to 45, you know, then it says tax. Okay. That's if it's if that's the real number US moving the Sweden yeah, moving in our way. It's not even that. US is still the greatest country in the world But the folks who are get it's like think about it this way. You have a money manager, okay? And say, let's just say you have a million bucks with a money manager.

Starting point is 00:39:45 You give it to Bobby, who's your money manager at Morgan Stanley Deanwooder. You stay with him for a year, two years, three years, four years, five years, okay? Five years later, your million is 980. Your brother had a million dollars. At the same time you put with Bobby, he put with Mary at Merrill

Starting point is 00:40:07 Lynch, hypothetically bank of America, right? His million dollars, five years later, is 1.9 million. What are you questioning? You're at 980,000. He's at 1.9 million, honestly. What are you thinking about? What's the first question you would say, Paul, if that happened to you? You and your brother have a million bucks at the same time.

Starting point is 00:40:24 You give your money to Morgan Stanley with Bobby five years later, your million is nine eighty. He manages it. You give him the discretionary. And your brother and Merrill, be of age, your millions, one point nine million. What are you asking? What are you? I got a lot of questions.

Starting point is 00:40:39 Ask the question. A, where am I invested? So what are your fees? What are you calling for? You're on the phone with Bobby. What are you asking, Bobby? I'll say the market's up 10% for the last X amount of years. Yeah. How am I invested? So what are your fees? What do you call them? Sky? You're on the forward Bobby. What are you asking Bobby? I'll say the market's up 10% for the last X amount of years. How am I down? A, what about what's my allocation strategy? Am I in stocks? My bonds? Where am I out here? Adam, you got a trust in because of strategy I'm taking

Starting point is 00:40:55 right now is this and here's what's going on. Even though right now I feel like the next two years of the money going, yeah, the money's going right now to small cap and small caps taking ahead. And we invested heavily into oil. And the last three years, haven't been the best for oil and real estate. So what are you asking? Let's talk fees for a second. Where I mean, what's your AOM? Are you 1% I mean, I assume I know that upfront, right?

Starting point is 00:41:14 I mean, that's yeah. So our AOM is a little bit as Morgan Stanley Dean woulder rather than paying 1% is about 1.5% here with us because you are with Morgan Stanley Dean with her and with the top. Oh, the luxury of it. So what are you saying next? That's that's how I look at this. So the point I'm trying to make to you guys is we all essentially a part of your money manager that we all have is the US government. US government is your individual. Everybody listen to this. That's an America. It is everybody's money manager, the US government. Every time you make $100,000 and you pay your $30,000 in taxes, $35,000 in taxes, whatever

Starting point is 00:41:52 that number is, that's $35,000. Over 10 years, it's what? $350,000. What's the right question to ask? What did you do with my 350? You have $350,000 and I'm not even a million. I'm only making $100,000. I'm paying to it.

Starting point is 00:42:07 Let's just say that person is, I'm only making $100,000. 35% over 10 years. I paid you $350,000. Show to me. Where's it at? Show to me. In vitroxure, health care.

Starting point is 00:42:17 Where is it? Social security, Medicare, Medicare. What do you need the 44% that we have right now? Top line. 46 is the highest. U.S. And that's not right now. Top point. 46 is the highest. US and that's not in Norway. In Norway.

Starting point is 00:42:29 Okay, but here it's 40, 39, say 40% in an ad state. Another five. You're looking at, well, California, right? Huh? California is what? 13. Dude, if you look at California's number, you're looking at 60% nearly.

Starting point is 00:42:44 55 to 60%. You're making over what? $400,000 dollars, it's $400,000 not a lot of money if you put $400,000 if you put $100,000 and I'm paying whatever I'm paying for Where is it? What are we doing with it? Okay? So if right now there was a level of accountability to say what'd you do with my money? How would you find that out? How would you track it? Like hey, let's do thought a stimulus package, right? Let's just get right into it since we're already getting into that topic. 1.9 trillion dollar stimulus, okay? Fine. Where's this 1.9 trillion dollars of stimulus that they want to force to pass without the approval? By the way, unemployment right now, you know what? I'm unemployment is right now. Type up unemployment right now.

Starting point is 00:43:22 Do you actually 7% what's 7% is 7% is our it is right now? It's at seven percent. Okay. Is seven percent the end of the world? No. Is seven percent. Hey, we're at 12 percent. I think we had no. When we were at 12 percent, did we send money out? Yeah, we did. No. When we were under under other administration, under Obama under under did Obama went unemployment okay maybe do this go put history of unemployment rate go history of unemployment rate and and here's where I want to go with this history of unemployment rate go to images oh I should write there that side is a good side Mari if you go back yeah click on that side the balance unemployment since 1929 go up let's look at some stats here. Okay, go to 2008. Okay, 2008, that I don't know up a little bit. When it was, when it was 7.3, did Obama send us a stimulus?

Starting point is 00:44:12 When it was 9.9 in 2009, do we get a stimulus? When it was a 9.3, do we get stimulus? When it was eight, the doors four years send us stimulus. No. What is the unemployment right now 2021 right now? So type in unemployment 2021, 2021 unemployment unemployment rate. I gotta say somewhere around six, seven percent. Currently, I think the highest was maybe 12 percent and then April. Okay, 6.3% 6.3, okay.

Starting point is 00:44:43 You're sending 1.9 trillion dollars at 6.3% unemployment. So here's what they want to spend the money for, hypothetically. Okay, so yeah, we think we need to do two trillion dollars because America's slow to recovery. Direct payments of $1,400 to most Americans. What does most mean? Give me a specific qualification. Bringing into total relief to $2,000, including December $600 payment, increased the federal per week unemployment benefit to $400 and extending it through the end of September,

Starting point is 00:45:11 seven months additional, increasing the federal minimum wage to $15 an hour, extending the eviction and foreclosure moratoriums until the end of September, okay, $350 billion in state and local government aid. What's gonna be spent on? I'm curious, show it to me. 170 billion dollars for K through 12, school and institution of higher education. 50 billion dollars towards COVID testing, fine. 20 billion dollars towards national vaccine program

Starting point is 00:45:36 and partnership with states, local and tribes. Making a child tax credit fully refundable for the year and increasing the credit to $3,000 per child, $3,600 for child under the age of six. The plan is the first of two major spending initiatives Biden will seek in his first few months of his presidency, according to senior Biden officials. Senior Biden officials have been working with the stimulus plans for weeks, also come from that the president will support $10,000 and student debt.

Starting point is 00:46:00 So $2 trillion. Now, we look at $2 trillion and what do we say? Come on, man, Pat, it's not really a big deal. Okay. That's a big deal. If I ask you this question, you already know the answer to this question. So, you know, in the history of America,

Starting point is 00:46:13 how much money have we ever printed? Do you know the answer to this question? No, tell us. Paul, do you actually know the answer to this question? From day one, 1776, till today, how much money have we printed? How much money is in circulation? From day one, America, till today.

Starting point is 00:46:30 From day one, till today. Yes. Day one, till today. I would say, I was like eight or nine trillion. I was gonna say under $10 trillion. Okay, $6.1 trillion. Okay. Ever.

Starting point is 00:46:41 Ever. Do you know how much of it was in 2020? 40% I think. Yeah. $2 it was in 2020? I think yeah, two trillion dollars was in 2020. In one year versus 240 years, if you want to pull up that link that I show, I sent you on this is from the board of governors at a federal reserve. Okay. That is money stock M1. Okay. You go all the way back to now. Look, look what happened in 2020. How much money was? Look what happened in 2020. And the amount of 41% of it was printed just

Starting point is 00:47:14 this year 2020. Oh, let's do another two trillion. Oh, let's do another two trillion. Oh, let's do another two trillion. You can close that up. What's the moral of the story here? Listen, I mean, hey, look what's happening to these stocks? They're going to the roof. What's happening to gold? There's not 70,000 or kilo, whatever the number is. Look at what's going on with all these other things that baseball cards, a Michael Jordan rookie card a year ago, you could buy one for $40,000. Won't you sell that in auction for $700,000.

Starting point is 00:47:48 Whatever you can't over print, the values of those things are going up. Land is going to go up. You got what do you call it? A gold coin and gold. Gold look what happened with all Bitcoin. You got baseball cards, collectibles. These things are going up and we keep printing money. So if you keep printing money, what happens? Oh my gosh, look at the economy.

Starting point is 00:48:02 It's so great. Hyper-incredible. They're right. It's so happy. Everybody's so good. Everybody's so good. Everybody's so good. Look at how great things are looking.

Starting point is 00:48:07 Really? Okay. Watch how bad it's going to hit us all of a sudden. Watch how bad it's going to hit us all of a sudden. This is a very, very important time to actually sit down with your husband and your wife and strategize what you want to do or even yourself, what you're going to do with your strategy moving forward. Money wise.

Starting point is 00:48:22 This is not it. Like, you had another, you know, couple trillion dollars. What is a two trillion dollars come from? Are we sitting on 50 trillion dollars of cash? Or are we in debt? 100 and something trillion dollars. China, oh, we owe one billion, 400, you have one billion, 40 billion dollars.

Starting point is 00:48:38 Japan, we owe 1.1 billion dollars. They're just spending money as if it's like, keep printing it. It's okay. We can afford to keep printing it. So here's my question for you. Okay. Because clearly by your tone, you're not happy with all the print thing. Is that fair to say? It would be an understate. Okay. You're not happy with this. No, it would be an understatement. You know, obviously there's certain,

Starting point is 00:48:58 you know, Republicans on certain side of the aisle, the Ted Cruz's of the world, you know, the fiscal conservatives, what have you that obviously have the same philosophy as you. Like what the hell are we doing with all this printing? I'm kind of there with you as well. Yeah. So the other side of the coin, you have Jerome Powell, you have Janet Yellen, obviously Biden, people on the Biden administration saying, we need to add more stimulus to the economy. Interest rates are literally rock bottom. We can borrow our way out of this, grow the GDP,

Starting point is 00:49:33 pay off some debt. Like, it's no secret. Janet Yellen, Jerome Powell, the Biden administration, they're basically saying spend, spend, spend, spend, spend. So my question is, if they're the foremost thought leaders economically in this country, right? She is the Treasury Secretary. She's the former Fed Chairman, Jerome Powell now, Fed Chair. Do they know what they're talking about? Do they know what they're talking about? Right. Meaning there's a big difference

Starting point is 00:50:02 between knowing what you're talking about and making a short-term decision versus a long-term decision. Okay. This is not about, of course, these are brilliant, brilliant people. Powell has not a dummy to go up there and says, yeah, we're going to keep the interest rates low till 2023. There is no one what you're doing, you know, for the benefit of the future generations of whoever there is the other part, guys, we need a bandage.

Starting point is 00:50:23 Just we're bleeding. Just freaking, you know, tie it up know tied up dude get something out there you know tied to yeah the approach that being taken is not about how smart these folks are let me give you an idea for example what industry took the biggest hit the last 12 months airline airline who else hotels restaurants okay okay hospitality fine by the way, airlines to me, a part of airlines they need to go out of business. You read it, you want them to fail. This is just a matter of thought.

Starting point is 00:50:50 Not I want them to fail. I want the irresponsible ones to be bought by responsible people. That's what I want to happen. If you're an irresponsible operator of a company spending money left and right, you need to be bought by a responsible operator because it's better for the economy

Starting point is 00:51:04 and the consumer for responsible operator to run your company. Who's the most responsible airline operator? Is it Southwest? Who does also one of them? Spirit. Is it conspirator? And who's the irresponsibles that United, who's been struggling the most? United America?

Starting point is 00:51:21 Listen, we can pull up the numbers right now, kind of figuring it out. I'm just wondering about that. But go, you were going somewhere. Point you guys. Let the responsible people by the irresponsible people. Okay. And let's change operation. What did one CEO do to Southwest Airlines? Turned it around. What did one great CEO do to Southwest Airlines? Think about it. Well, why is, why does everybody hire somebody? When on the resume, it says, I worked under Jack Welch for four years, why does everybody hire somebody? When on the resume, it says, I worked under Jack Welch for four years. Why does everybody want to hire that person?

Starting point is 00:51:49 Why is there a premium under I worked under Jack Welch? Why is there a premium? I was an assistant coach under Bill Belichick for five years. Why is there a premium for I was an assistant coach under Bill Walsh under Phil Jackson under Van Gandhi? Where is the premium? Why is there such a big premium into coming out of a sales program of Xerox or IBM, Xerox and IBM for decades we're known as the best sales trend?

Starting point is 00:52:14 Why is there a premium in that? Because of what's being taught from the top, okay? Okay, so what's being taught from the top, you got these companies that are being irresponsible, I'm sorry. That's your fault. Why'd you overspend? I'm going to go back on your track record and see how you're spending was no based on your spending You just keep going into debt. That's not the response back after the way too much right cut number two What industry my concern?

Starting point is 00:52:36 My concern is on the bigger guys. They know exactly what they're doing The biggest hit was taken by small business owners running mom and pop shop restaurants that's one one shop one bar local. Yeah. That's been there for 15 years family past time for 40 years generation after generation. You want to help those guys out? Yeah. We are to you know why? Cause who shut them down? The government. The government is responsible for their laws. Bill those guys out. I'm with you because you screwed them up. They didn't do anything wrong. I'm not telling you I don't want to go to work. I'm with you because you screwed them up. They didn't do anything wrong. I'm not telling you I don't want to go to work. I want to go to work. You're telling me I can't go

Starting point is 00:53:08 to work. Well, then pay me. Do you understand? There's a relationship here. You create the laws. Fine. Mr. government, you creating the laws? Pay me. Support me because I got a wife and kids and my savings is depleting from 62,000 to 53,000 to 41. I've been saving $63,000 may not be a lot of money to a rich person in Wall Street, but $63,000. You know how many people take a decade to save $63,000? That's a lot of money. 63K is a lot of money. Like, you know, let's just spend some money.

Starting point is 00:53:39 Send them money here, send them money there. You don't want send them money to school. We want to send them money to education. Why don't you send them money and build some of these guys out? I understand education. We don't, we rarely see it. How many times have you seen the education program in your school's getting better like you go, well, not much has really changed. Where did all this money go to? Where's this all this money go to? So my biggest challenge is accountability. You want to help out the restaurant folks do so. I sat down one time and I talked to, I don't

Starting point is 00:54:02 know Zimmerman, I don't know what is Zimmerman very political guy and you know what's starting to happen today which this is this is probably the most beautiful part about What's going on right now in America my opinion one of most beautiful parts of what's going on America right now California has a recall right now. They're trying to get Newsom out, okay? And it's looking like they're gonna get there by the way Do you know 30% of the people that voted for Newsom to be out are Democrats? 30% of people that are voting, they are, they are, what's the word where it's,

Starting point is 00:54:34 your Democrats, it's an M word, they're moderates, they're moderates, right? But they're Democrats, but they're moderates, right? You know what is happening today? You know what's happening in America today? Politics is out the window. It's pure logic nowadays. Shemaad is saying I'm gonna run for governor.

Starting point is 00:54:49 Shemaad's not a Republican. He wants to run against Newsom. What are you running against? Newsom? Why you been calling him out? Because now it's about all reasoning. Throw out the Republican party. Throw out the Democratic party.

Starting point is 00:55:00 Now it's becoming about issues, which is beautiful. I think it's a great thing. It's a beautiful, so long politics is being emotional. If you're repaid, I hate Trump. No way. Now it's like, hold on, hold on. Yes, but the consequences, the side effects are now saying, listen, man, maybe 100% loyalty to my party is kind of not working out.

Starting point is 00:55:19 Maybe 100% loyalty to my party. For both sides, wake up, call that. You might want to say that again, by the way. Maybe 100% of loyalty to your party is not working out. Yep. Both sides. Maybe now it's time we sit there and we just reason and process it. Oh my God.

Starting point is 00:55:33 The base so powerful what you're saying now, what we need to do because we're going today. Yep. It's a beautiful thing. I agree. Cause it's like, well, let's raise a minimum. Hey, let's stop the oil and all this. Oh, well, let me kind of pull that back.

Starting point is 00:55:45 I'm sorry. I don't know why, because even Democrats don't like what you're saying about that. What do you mean, let's pull this out? You're going to cause all these people these jobs. These are high paying jobs. These are good jobs that you got. Well, let's hold off. Why are you changing your mind?

Starting point is 00:55:55 Yeah. What happened, all of a sudden? I thought this was an executive order. So we are kind of being pushed by our own community. It's like the father who goes home. Cheers. What we're going to do. And his son goes home, here's what we're gonna do. And his son says, that can I talk to you?

Starting point is 00:56:07 Yeah. I think you're wrong. And I totally disagree with the approach you're taking right now with your youngest son. I think it's a wrong approach. And I'm not telling you this in front because I know you're a dad and I wanna give you the respect but I don't think you're taking the right approach.

Starting point is 00:56:21 And I think you need to rethink your decision on what you just did with them. I think you're wrong. And I know you're upset with me. I know you're just, but I think I'm the only person I can say something. And I, who are you to talk to me like this? Do you know what he did? Did I? He says that I get it, but I think you're wrong. And I hope you reconsider what you're doing right now. It's the sun that's calling out the father right now. And it's a beautiful thing. And as long as a father sister says, maybe my son sees an angle that I don't see, you have to consider that a little bit. This is the feedback, right? We'll do things here and I'll

Starting point is 00:56:49 say, Maury, what do you think? Pat, I don't know about that. I don't think that's a good idea. Okay, great. Hey, Kai, what do you think? Yeah, I don't, I say, I think we stick to this. Okay, cool. It's now we're asking the, what do you think more instead of, I know what I'm doing and you don't, because I went to Colombia, I want to bark Lee and you did not. It's not how life works today. People are getting called out from their sites and I love it. I love it. You think we'll see another progressive movement where there's people that are fighting for cause regardless of which party? Do I think we will see it? First of all, these movements are not going away.

Starting point is 00:57:23 Just so you know, what movements are you talking of all these movements are not going away just so you know what movements You're talking about AOC's not going away. You know social is a movement's not gonna go away communism's not gonna go These moments are not gonna go away, but the argument gets smaller and smaller and smaller and smaller like you don't see a Full-on public communist party today like you saw back in Hollywood behind closed doors, but there's still a group of people I don't like the word coming. And you know how the other day I was talking to the guy and he says, you know, I'm running a business. I'm doing four or five million.

Starting point is 00:57:50 I don't want to say the guy's name, but you know what I'm talking about. He wanted to bring a partner and to give a equity to help grow the company. And he says, but I don't know how to put it. And I say, you have to realize you have the business, which means the controls are on who. I said, what you're saying is the word control is what?

Starting point is 00:58:04 Control and trust go together, right? Control and trust go together. Okay, fine. So if controlling trust go together, lazy and bored go together, okay? Better and lack of creating go together. You know what word goes together with communism or socialism?

Starting point is 00:58:20 What is it? Free. Power and control. No, it's not free. It's power and control. Socialism and communism is to have power over Power and control. No, it's not free. It's power and control. Socialism and communism is to have power over you and to control you. What is it the government that has power and control over you? Of course.

Starting point is 00:58:32 Of course. I'm forcing you to pay higher taxes. I'm forcing you to do what I tell you to do. That's purely force. There is no choice in that. The only choice I have is leave the country. It's not choice. That's force.

Starting point is 00:58:43 Your force to me out is what you're doing. Circling back to Kai with Norway, you kind of said that they're socialists, but they're capitalists. What kind of power and control does the Norwegian government have over the people with taxes, you know, that kind of stuff? So I think a lot of it depends on culture as well. And if you're smaller, because Norway has a culture where it's a non-confrontational, you're more polite, you act responsibly. And the government kind of abides by those rules as well where they're acting responsibly and they're not serving their own interest campaigning in Norway is basically non-existent.

Starting point is 00:59:19 There's no political campaigns. They're not even allowed to advertise on TV. What do you think about that? I think it's good. I think it's good. You can't campaign. What does that mean? Essentially, they campaigned, but the whole money aspect is out. Raise money and, uh, and spend money. If you're getting money, you know, big money, I think that's a great thing. Would you like that in America? Campaign finance reform. I think is yes. Okay. You sure you want to say yes? In my instinctually, yeah, to have someone like Bloomberg come in and spend $100 million

Starting point is 00:59:46 in Florida to have the Koch brothers dominate the Republican party, to have Sheldon Adison, Reston P. So you don't speak ill of the dead, dominate the Republican party. Yeah, I think that was a, I think that ever happened in America would whatever happened where you don't, you can't raise money to campaign. I think it's a, you can't put the genie back in the bottle. I mean, what was the, the big, was it in 2010 or the campaign finance reform or what the, what was the big, who you can't take money from and how much, what's the term? What's the term I'm thinking?

Starting point is 01:00:19 I know what you're talking about. I don't know. But it's basically big donations. You know, it's the whole super packs, everything like that, you know, secret dark money. You think both sides would go away with that? No, but getting big money out of politics, I think is a very good thing, not like getting it out of there. Well, I mean, I like that. You can buy your own candidate. And then you know, you know, what would happen if that was the case? What's what, what happens if that's

Starting point is 01:00:40 the case where you can take money? I mean, politicians wouldn't be making as much money. They're, they're, there's not be making as much money. They're there. There's not the same interest to run to work in politics. What else? What else would be a problem if that were to take place? Lobbyying self funding. Yeah. So if it's self funding, then the guys that have the money would run. So there's also there's a there's a.

Starting point is 01:00:58 But it's also your your, well, you can, you can raise money from people, though. No, he's saying they're, I'm saying that's fine. But getting like the George Soros is of the world to just throw in, you know, the Bloomberg's of the world. That's a different story. It's a different story. With the small $25 donations, I'm cool with like the, the Bernie model. I'm cool with whether you agree with Bernie or not.

Starting point is 01:01:18 He had millions of people saying, dude, I'm down with Bernie. Here's 10 bucks. I'm cool with that. To have the Koch brothers come in or the Soros has come in saying, here's 100 million. Good luck. I don't think you can just buy your way to the presidency. Why don't we transition into, since we're on this topic here, and we'll come back to some of the other topics.

Starting point is 01:01:35 Why don't we transition into the $15 minimum wage and what happened with that? Okay. $15 minimum wage. What page are we? There we go. So $15 minimum wage would cut employment, reduce poverty, CBO study fines. So it's both ways. So one, it would cut unemployment,

Starting point is 01:01:56 it would cut employment, but it would reduce poverty. So let's take a look at what happened with the report that came back. Increasing the federal minimum wage to $15 an hour by 2025 from the current rate of $7.25 as President Biden has called for would cut employment, not unemployment, employment by 1.4 million jobs, meaning 1.4 million Americans would lose their job and reduce the number of Americans below poverty line by 900,000, according to a study released by nonpartisan congressional budget office on Monday. While more than one million would lose their jobs, that's 1.4 million, the reports said

Starting point is 01:02:33 that 17 million US workers or about 10% of the labor force would have pay increases. Another 10 million workers who earn slightly more than $15 an hour could also potentially see pay raises because if you're making 15 right now and the other guys making seven 25 then the seven 25 becomes 15. The 15 is going to be like, why am I getting paid the same as a seven 25 guy? The 15 is going to go to 20 just because the seven 25 now caught up. The study assumes as a June first effective date for the bill raising the federal minimum wage to 9.50 an hour under the plan.

Starting point is 01:03:02 The wage would be increased annually until it reaches 15 by 2025. From 2021 to 2023, the plan would increase payments to workers by net $333 billion after accounting for wage increases and job losses. The study found that would allow low income workers to spend more, but would increase labor costs for businesses and raise prices, especially at restaurants, the loss of jobs would cause a modest negative overall impact on economic growth. So the loss of jobs would cause a modest negative impact. Modest is the word use impact. The cumulative federal budget deficit from 2021 to 2021 would increase by 54

Starting point is 01:03:42 billion dollars of a $15 minimum, which was enacted largely because higher price of goods and services would contribute to an increase in federal spending. The report found thoughts. So the initial what comes to mind is I'm going to go somewhere different than this and I'll circle back is the power of reason and not just blindly following your party. All right. So personal example, I remember a few years ago, I went and I interviewed a bunch of people who were in the in Florida. They were, it's a call, the fight for 15 campaign. And they,

Starting point is 01:04:15 there, a lot of these people work for big companies, the airlines, the big box retailers, they're not working for little mama pop shops, they're working for the Amazon's of the world or the American Airlines of the world, and they're fighting protesting for little mom and pop shops. They're working for the Amazon's of the world or the American Airlines of the world. And they're fighting protesting for $15 minimum wage. So instinctually I'm thinking, yeah, I'm on the side of these people. Like they're telling me they got to get two jobs to fight for their, you know, to just sustain life.

Starting point is 01:04:39 So initially I'm thinking, this is ridiculous. You got to, you know, and then I started researching this a little bit more. And then I started, you know, I even, you did an episode about this, about not having minimum wage, having a living wage, right? And essentially what I've realized is that these minimum wage increases, they sound good. A lot like socialism, you know, on the surface, they sound good, but when you actually run the numbers, and you see that, well, over a million people are gonna lose their jobs,

Starting point is 01:05:13 and there's actually gonna be some adverse effects to this, and it's not all pretty, and on the surface, yeah, of course, raising the minimum wage sounds good, but what are the ramifications of that? And you can kind of get into the numbers here. It's, the numbers behind the story tell a different story, basically. So I'm in favor of certain big cities, New York City,

Starting point is 01:05:34 you know, San Francisco, you know, states having, you know, $15 federal minimum of a state minimum wage. But Tuscaloosa Alabama, if you have a small little pizza shop and you have three employees there in your pain, I'm all eight bucks an hour, now you're paying them 15. They're gonna go out of business or at least two of the people are gonna get increases. You're gonna fire the pizza delivery guy, whatever.

Starting point is 01:05:55 So people are gonna lose jobs, like it says here. And some, you know, the poor will get a little bit higher. What do you got? So first thought, which was I added this chart is essentially, I was looking at the prices over time. How much has it jumped? How quickly and where has it been at?

Starting point is 01:06:12 Since 1961, it's 60 years. It's jumped from $1 to $7.25, so $6. Now in five years, they want to jump that again twice as much. Which is, so it's jumped from a dollar minimum wage in 1961 to essentially 15.15 times, they want to increase it from 1960 by 2031, is that the number by 2031? Yeah, it's not 2025.

Starting point is 01:06:41 2025, 15 bucks, so it's 65 years, 64 years. They want to raise minimum wage of 15 times. Yeah. And, well, for me, it's also, if you look at, so what are the previous hikes been, right? Yeah. So we look in 61, it was a dollar, in 78, it was 265. In 81, it's 331.

Starting point is 01:07:00 In 97, you got 515. 2007, it's five 85 2009. It's seven 25 2025 now 15. What about a 10 or a nine dollar or something like that? I think 15 is a lot. First of all, because like Adam mentioned, there's, um, you see, you have glow nationally, you don't have the same demand for the workforce in smaller counties and stuff like that. So I'm more

Starting point is 01:07:34 a proponent of increasing a state, uh, minimum, even to federal, leave it to the state because the side what they're going to be. Right. Okay. Or county, even. Yeah. Because you can't do it. And if you look at it, minimum wage jobs are mostly entry level jobs. And they're usually called like stepping stone jobs. You start here and then you kind of build up some experience and then you move on or you move up. Uh, who or what are the jobs?

Starting point is 01:07:58 Mostly it's kind of service industry and stuff like that where you can also move up as you grow an experience and you can get a better job. Another thing, you look at with increasing minimum wage, you'll have an increase of robots. I mean, if you go to McDonald's, you can order now without even talking to someone. Soon enough, there'll be a robot in the kitchen as well. So at that point, you're just speeding up the interest of a business because if I'm, if I'm going to pay, so I'm going to have to pay these. Go a little deeper there. What else are you speeding up if you of the business, because if I'm, if I'm gonna pay, so we're gonna have to pay these. Go a little deeper there.

Starting point is 01:08:27 What else are you speeding up if you raise minimum wage? And everybody's going to robots. I mean, you're speeding up unemployment. No, no, but what else are you speeding up? You're speeding up whose argument in the last campaign blew up on the liberal side? Who's our, no, no, one guy that came out of nowhere,

Starting point is 01:08:43 the entrepreneur, which was what? UBI, UBI. If you raise minimum wage, companies go to robots automation, then you're speeding up the process of meeting UBI. So the raising of minimum wage forces us in the next 10 years to accept a permanent UBI. Or you're also, and before that, I think also you...

Starting point is 01:09:06 It's acceleration. It's not a matter of, it's not gonna happen. It's gonna happen eventually, where you're accelerating that process. Yeah, and I also think it's... Did I make sense to you? No, no, absolutely, absolutely. And I think a big part of it, before UBI,

Starting point is 01:09:16 because again, that's down the road, I see a quicker solution is them scaling down, obviously, on how many people you need. And then also, you have an increase in sending jobs out where there's a cheaper labor force. Just to lay this up for you, give us the pros and cons of where you're at with the minimum wage thing.

Starting point is 01:09:36 Because I know this is something that you've been, you know, pretty vocal about on-value payment, but where you at with this right now? The math doesn't make sense. Okay. Because you know, how many pennies in a dollar right now? The math doesn't make sense. Okay. Because look, you know, how many pennies in a dollar, a hundred? You can't do anything about that. That's math.

Starting point is 01:09:50 There's nothing you can do to say, can we have 200 pennies in a dollar? Nope, it's 100 pennies in a dollar. That's how much you're dealing with. You can't work it out. So, if you raise the minimum wage to 15 bucks, let's just say you raise the minimum wage to 15 bucks. Who's really affected by it? Does Merrill Lynch care?

Starting point is 01:10:05 No. Does Wall Street care? No one in Wall Street makes 15 bucks an hour. Okay. So the only people that in Wall Street that make 15 bucks an hour is who? Maybe a 16 year old janitor? I don't know. I don't see that.

Starting point is 01:10:16 I can maybe, and even an intern, you know, like an effect. So who doesn't it affect? We'll through that Wall Street. So Wall Street funds most of these politicians but they're not affected by minimal wage you know what they're saying guys who cares about this man they don't care in their boardroom the last thing on their mind is what 15 dollar minimum wage so what did I say yeah yeah yeah yeah go do it so the most powerful people who are funding these guys

Starting point is 01:10:42 and these guys are asking them, we want to raise a minimum wish to 15, they say, what, they don't even call me on this man, I got other things to deal with, I want regulation is what I'm interested in, due to $15. So who's affected by $15 if you think about it? Restaurants, hospitality, whom you crushed in the last 12 months. So let me get to straight, you destroy the small business owner restaurant guys, and then on top of destroying them, you're telling them, I know you don't have any money and savings. Guess what, here's some salt on your wound,

Starting point is 01:11:15 your minimum wage of that person you were paying as a waiter, a waiter and a waitress makes what? Minimum weight 725, but their money comes from where? Tips, now I gotta pay $15 an hour for my 12 waiters and waitresses. What are you doing to me? So I thought you were for the little guy. I thought you were for the small business owner.

Starting point is 01:11:33 What happened to you being for this little guy? This minimum wage is not helping me. At you shut me down even more. So now my $62,000 that depleted to $52,000, so $43,000, now my payroll and my net profits go smaller and smaller. So now my kid that was going to a nice little private school now have to take them out of private school. Now the additional money that was spending

Starting point is 01:11:54 not everybody's affected by it. This doesn't end up being tithing, it's gonna go down, money to charities. All that stuff's gonna be affected. The prices are also gonna go up. That's the following thing. You have to raise prices. If a burger is $4 gonna be effective. The prices are also gonna go up. That's the following thing. You have to raise prices. If a burger is $4, be prepared for $8.

Starting point is 01:12:11 If you're buying something so does buck 50, be prepared for $3. If you're buying, if minimum wage doubles, that price is gonna double. Okay, flip side. Give me some pros. Give me some pros. The me some pros. Oh, the pro is the 16 year old kid now gets a job that has to pay in 15 bucks an hour. So the 16

Starting point is 01:12:31 year olds like, dude, that's awesome. I can get $30,000 a year instead of $15,000. But it's not just the 16 year old kid. It might be the 36 year old mother of two who's, you know, was making nine dollars an hour. Say that again. Say that again. Why are you 36 years old and making minimum wage? Maybe you don't have a great education. I mean, there's a million answers. I'm sorry. You know, there was a question years ago,

Starting point is 01:12:59 a guy named Scott Walker, who was a former controller general, the US, which is like the chief accountant of US. It was a David Walker, I think it's in his David Walker. And he came out with a documentary, what was a documentary called? Do you remember what the documentary called? Go type up and see what David Walker's documentary was. In the documentary, they show an interview

Starting point is 01:13:18 where Warren Buffett is talking. And this lady gets up and Warren Buffett's talking and how much debt the market has, how much this, how much debt and I interview this guy David Walker like 10 years ago Scott Walker I believe was the not Scott Walker's I owe USA I owe USA was the documentary I owe you S.A. Okay, and Buffett at the end is speaking to crowd about I don't know 400 people and this lady says oh my gosh Would all the stuff going on what should I do? I'm a single mother. How do I handle this?

Starting point is 01:13:45 And Warren says, listen, no matter when the time is, there's always a demand for experts. Go become good at what you do. If you don't do what you do, you're not an expert in, there's no market for you. The market dictates your price. But if you're an expert in anything you do, you dictate your price.

Starting point is 01:14:07 So for the people that are 36 years old, making 720, what the hell are you doing at 36 years old, making 720, like maybe pick up a book or two. Maybe this is an identity issue and a market doesn't value enough that doesn't want to pay you more than 720. Maybe you keep getting fired at your last 10 jobs because your attitude needs to kind of improve. Why have you got out of friend I talked to one time I said, why have you lot like every time you come talking about your jobs, your boss

Starting point is 01:14:34 are always idiots. How is it your last 10 bosses were idiots? There's only one common denominator amongst these 10 bosses. They all hired you. And they fired you. So your bosses are idiots. I'm sorry, this doesn't make any sense. So there's an element of what you're saying, well, who's it good for? Who's it beneficial for? A lot of people that are not worth 15 bucks, that are going to start getting paid 15 bucks. That's exciting. That's also how replaceable are you? 15 or it's 7, 25. There's no differentiator. Just be ready to think about it this way. Whatever you're paying for right now, double it. 725 to 15 bucks, be ready to double what you're paying for today.

Starting point is 01:15:12 Groceries. Whatever it is, if milk is 350, get ready to pay seven. If you're okay with that, vote for a minimal wage. And I'm just thinking what type of person says, all right, yeah, I'll take the job 750 an hour. I'm cool, I'll take it, I need the job. I need the job. It's not about, look, when he came in, he didn't go to salary. He just came and says, give me a position. I'm going to prove you who I am. So I'm like, listen, honestly, and I'm like, Mario, can we figure out a way to just

Starting point is 01:15:35 move on because it's technical. He's coming from Norway. It's this is that he's just bad. This guy's emailed me so many times. I said, what do you want to do with him? You know, we have to, it was not an easy thing to do to hire this guy because we had to go, you spent, you know, we had to do some additional stuff. So finally, we brought him on board. He dictated his market value. We didn't do it for him.

Starting point is 01:15:54 We didn't say this is your market value. He dictated that. We have a lot of people here that work with us. Hey, I think I'm worth this, I'm worth this, or really based on what? You're the same as you were two years ago. What's changed the really based on what? You're the same as you were two years ago. What's changed the last two years? He's not the same as you was two years ago.

Starting point is 01:16:09 He's changed. Well, how come he is now Mario, the VP of operations? Why is Mario running the show here? Because do you know what I've touched ever since I've been here with this office? What have I touched? Can you tell us what I've touched? The coffee, maybe.

Starting point is 01:16:22 I've done, I don't even drink coffee. Nothing. Everything here's come together. The the offices everything because Mario because Mario grand the entire Then during that time who helped out that was here you Eric Mickey Mario for a week You guys working day and night getting this whole thing situated until these guys could come back from you know Not that they weren't working. They just had they. They were moving, they were moving, they were dealing with them. No, no, not moving, they had health matters, you couldn't be here. So it's not about, they were dying to be here,

Starting point is 01:16:50 these guys are workers, I wanna be here. I didn't wanna throw you on the bus, buddy, I was, I said you're a move. I just said health, I didn't get specific, I just said they had. I enjoyed my vacay. So, but here's the moral of the story, the moral of the story is what? You determine your market value.

Starting point is 01:17:02 That, that concept, want to fight, but unfortunately, it's the truth. You dictate your value in a marketplace. If you make 20 grand a year, that's what you're worth. That's not what I'm worth. I'm priceless. Really go put your resume online. Go put your resume online. See what they tell you. I'm worth at least $45,000. Go test it out. They're paying me for, I think I'm worth $150. Go put your resume online. You know how in Netflix, they even recommended that. Like go get a talk to person, see what you're worth. But by the way, the point is if you are worth that, the company's

Starting point is 01:17:42 going to have to pay you because the company doesn't wanna lose you. They call it different names for- Rockstar principle? Rockstar principle say bankable employee. I don't wanna lose this guy. You want me to go through another process of hiring another guy that has this much now inventory in the company to go, why would I do that? No, so we have to take care.

Starting point is 01:17:59 He doesn't need to come to us for a race. You understand what I'm saying? So when it's the other way, in a marketplace today, $15 minimum wage, $15 minimum wage, it's unfair. What's unfair is the fact that you spend 40 hours a week watching Netflix instead of reading books. That is unfair. What's unfair is the fact that you come home eating chips, not taking your body versus let me go work out a little bit for 30 minutes to 45 minutes. That's unfair.

Starting point is 01:18:26 And that's your choice. Nobody forced you to stay home and watch TV all night long. But it's a great Netflix show. I don't care. You know how you made fun of me? You're like, you know, this guy doesn't know who we can this. I'm like, I don't know who we can this.

Starting point is 01:18:37 I mean, obviously we're having fun with it, but I don't take it personally. But last time I listened to the radio is 2004. I don't care. Those guys don't make me money. From all four to 2021, I know nothing about music. I don't care. I don't need to listen to the radio.

Starting point is 01:18:52 So people have to realize that they have a choice. If you are relying on a minimum wage to dictate your value, the government dictates your value. Do you know how much of an insult that is? I'd much rather say, let me work for you for 30 days, you dictate what I'm worth. 30 days later, I say, let me tell you, man, we're not going to find a guy like this guy right here. Maybe we're not going to find, hey, you know, we're not going to find, hey, we're all winner, you're not going to find someone like this.

Starting point is 01:19:22 Let's just kind of versus 15 minimum go ahead. Well, the government sages that I'm worth. I mean, let's just break down what minimum wage is minimum. This is like the, the, the, the, the, the, the, the, yeah, this is your, your bottom line. This is what you could take from it. So do you think there should be an actual minimum wage? Look, should it be seven came out?

Starting point is 01:19:44 Who came out with the minimum wage? Who came out with the minimum wage? Who came out with the minimum wage? 1961, what is that? No, no, 1961 is not who came out with minimum wage. Minimal wage came out by FDR. Okay. And you know what the first minimum wage was? A quarter?

Starting point is 01:19:56 25 cents. Yeah. Is what it was. And you know why? Because Ford was abusing this. So they needed a factory. The factories, the middle. Of course. The industrial revolution after all that. So they needed to... The factories, the middle. Of course.

Starting point is 01:20:05 The industrial revolution after all that. So don't think I'm all about like no regulation, no nothing, you do need rules and guidelines. There needs to be a set, oh hey, listen, here's the number, what are you doing? I'm sorry. Here's what you gotta do to protect the employees that are working, there are about 100% you need that.

Starting point is 01:20:22 But there is the pendulum, right? Everything in life has a pendulum. This is why I'm typically in the middle because the middle is typically the right argument for me because we need a little bit of minimum, yeah, we do need a minimum wage. By the way, staying at 720, I think it's time we go up from 720.

Starting point is 01:20:38 But I do think it needs to stay different numbers by state. Well, number, number, I mean, just give me a, where you think it should go. I can do the, I don't think you should gloss over that. This is a state issue. This isn't a federal. It's not. It's not.

Starting point is 01:20:51 And a lot of people don't know how to differentiate. Bro, how much was gas here? I filled up the tank yesterday. How much is gas here? Two, 13, two, 15, how much is gas, Texas? Two, 14, two, 14. 14. By the way, you just went from 260 to 214 what's the per people?

Starting point is 01:21:06 Like that's not a big that's 44 cents. That's a very what's 44 cents on $2 and you know 14 cents. That's 20% 4 or 5 bucks. It's like making 50 grand versus 60 grand. I'm sorry. That's a very big difference That's not a small difference now go to California. What's a gallon? What's a gallon of, Mario, can you tap in California gas price? I think it's like 340, 350. Is that what it is? So, I'm sorry. Yeah.

Starting point is 01:21:31 I don't know the number. I filled up yesterday, it was 350 for me. So, California is 340 now, but I did 93 is what I did. So, because of F-15. So, okay. So, just look at that. Okay, 345 and see what New York is. Let's write this down.

Starting point is 01:21:44 If California is 345. What is D7 seven is New York? Is that really the case for the New York? What's New York City though? Cause upstate New York. My bill is New York. New York is two fifty seven. Interesting. Okay. Two fifty seven is California the highest by the way when you're looking at that. California, by the way, is the only one with three. What are they firing this? Why is it expensive too? How, Hawaii is still lower than California. How pathetic is that? The fact that California has the highest at 3.45. So watch the math here, watch the math here.

Starting point is 01:22:14 So 3.45, 3.45 versus 257. Okay, 3.45, 257. What's the difference on that 88 cents? 88 cents divided by 257 is 34%. So 34% on minimum wage of what? 725, which is the national, right? 725 times 34% is makes it 971. So California minimum wage needs to be what?

Starting point is 01:22:47 10 or 15, 10 or 12 bucks. Essentially, if we're looking at math, okay? All right, what does New York have to be? Cost of living, then I'm doing math, and I'm just doing gas by the way. I'm not doing rent, I'm not doing house, I'm not doing all that, that stuff. New York gas may be lower,

Starting point is 01:23:02 but real estate's ridiculous, right? What rent what they got. So then you say other stuff. New York gas may be lower, but real estate's ridiculous, right, with rent what they got. So then you say, if it's New York City, man, New York City kind of needs to be 15 bucks. If you're New York City's kind of got to be 15 bucks, but I'm not given just a flat $15 enough. If all I did was I got paid as an accountant

Starting point is 01:23:17 to come up with numbers, we would come up with numbers based on math and present it to the governors and say, guys, can I make a recommendation to you? Based on this math, here's where you need to be. Now, it's on you. Then I would make that a public letter that we had a conversation with 50 governors

Starting point is 01:23:33 and this is the recommendation we made. I would make that paper public and say, our recommendation to your governor is this based on this formula that we use. Now, if you like your governor, go tell your governor to raise it if not, replace him with somebody else and bring Shema in instead of Nusom. But the choices on you, here's the mat we gave you. Let the voters decide what they want to do. Where is that part? Like that's the approach I'd be taking. Here's the number we're looking at. It's too linear or non-dimensional to just

Starting point is 01:23:59 lay a flat across the board. Look, I'll talk to Tom or I'll talk to you know, and they'll come and say Patrick, here's this person that we want to hire. This is the market value right now for this person. So what do you suggest? I think here's what we need to do. If you don't do what someone's going to pay for this, okay, got it. And hey, we have this person existing employee. If we don't pay this, someone's going to pay for it. But this person, last time we had a conversation, this person didn't want to take this and this person didn't want theist person, the last time we had a conversation, this person didn't wanna take this, and this person didn't wanna do that. Let's move on, let's let this person go

Starting point is 01:24:28 and get their next victory. Not a good place out our company, culture doesn't fit. Let's let him go, we'll go find somebody else, okay? But there is that decision of what somebody wants to do. 15 cross the board, every state makes no sense. From a business owner's perspective, who has all sorts of employees making low to medium to ridiculous amount of money.

Starting point is 01:24:52 Do you pay anybody minimum wage? Do you have like what's your philosophy when you're hiring entry level workers, underwriters, what have you? Well, how do you process minimum wage for your company? When it comes down to PHP, I don't know the exact data as of today, but I am speculating when I say this, I don't think we pay anyone less than 15 bucks an hour. Okay.

Starting point is 01:25:18 Nobody. And if we do, maybe it's one. So if minimum wage is seven and a quarter, you're like, I could care. You don't pay attention to it. Yeah. But what's looking for talent? I mean, what is it that? No, no, because because we sat there and my staff came up to me and they said to me, you want better pool of talent for us to get resumes up, we have to be above 15 bucks. And I said, great, let's do that. I didn't say they came to me. If we go at 10, you're getting this. If we go 12, you're getting this.

Starting point is 01:25:46 If we go 15, we can ask for this. If we go 18, you can ask for this. If you go 22, so they presented to me in a very reasonable way and then I said, okay, great, if that's the case, then here's what we need to do. We need to raise it because we want better, experience quality, talent that comes with a better resume.

Starting point is 01:26:03 Let's pay for it. And then we made the decision that way It wasn't like we have to save the money and make sure we don't pay anybody. No, it's not It's talent. It's talent. It's talent. It's who's gonna bring value for the company That's what you have to be thinking about now at the beginning stages when you start a business. What are you looking at saving? I got to save money. I got a stretchers dollar and two three dollars. I got a Everything is about stretching it, but later on, better quality talent in the company, the better you do, okay?

Starting point is 01:26:32 Cause you got collective, so I don't know about this $15 minimum wage, there's much better ways to go about this $15 minimum wage, I don't like it, I don't like the direction they're going, and hopefully somebody's gonna come in and do something about it with this $15 minimum wage. By the way, if you're listening to this, I saw some of the people that we were asking,

Starting point is 01:26:50 more people use AT&T than Verizon by the way. Okay. Way more do AT&T than Verizon. Does that make sense? Is that the, is AT&T number one? Yeah, AT&T used to be bad in California, if you remember off the 210 freeway, you know, and they would take shots at AT&T

Starting point is 01:27:05 because their service wasn't good. Remember that picture that they would always put, here's a coverage of Verizon versus the coverage of AT&T, but I think AT&T's, I can't think of the last time I lost a call or a call drop, unless if I'm like in a bank and, you know, some weird underground place, but calls are pretty good right now service-wise.

Starting point is 01:27:21 I had AT&T in 2003, but I had that issue. The two places I was at college in my home in Manorovia. Yeah, two 10 was terrible. Yesterday, my pastor, Dudley Rutherford sent me a picture of me running out of gas at two 10 freeway where there's no service and you wrote about it in his book and he says, you should come to service this Sunday, sit in the front room.

Starting point is 01:27:42 Like, this Sunday's message is for you. I said, awesome. So I go there, there's like three, four, five thousand people sitting there. And he says, I want to tell you a story about a friend of mine. This is a very good friend of mine. He calls me one day, he says,

Starting point is 01:27:54 do you want to go watch Lakers play Celtics game seven? So I said yes. And I offered to take my car flex, full tank, gas, everything. But no, he said he wants to go in as yellow 0-6. So two guys who are 6'4, 6'5, we decided to get in as 0-6. We're driving on the 2-10 freeway. And in all of a sudden, the car turns off. And it's on the side of the mountain. He sent me the picture. I wish I had it to give it to Mario for Mario to see. He said

Starting point is 01:28:21 he pulls me over. Then he calls eight, what do you call a triple A? Then he calls triple A. Then he calls triple A and he says, oh, this happens to me all the time because I've ran out of gas probably 70 times or so. You have run out of gas. How many times have I ever ran out of gas, Mario? Hundreds. How's that possible, dude?

Starting point is 01:28:43 Who the hell looks at the gas tank like everyone else after it happens a couple times You know, it's a waste of time to huh? Oh the rolls Roy's run out of gas Literally driving off and he says oh Mario, yeah, Pat we just run out of gas. I'm like, ah, you're so funny. He's like, no, no, seriously, like, I parked in a private school parking lot. The kids are looking at me like, guys, I can't move the scar. Run out of gas.

Starting point is 01:29:08 This was just recently, by the way, yeah. So, what does that say about you? I don't know what it says. Business and entrepreneur's show. I want to keep. You don't even pay attention to your gas. I want to keep triple aim business. You're judging me.

Starting point is 01:29:19 You're going to be in trouble. I'm going to their best customers. I feel like you caught. Yeah, Pat again. I'm just going to make the, the PBD, you have the best. Yes, the like you caught yeah, Pat again I'm just gonna make the uh the pbd One of the best show. Yeah, the pbd hotline by the way We finally get a hold of triple a they show up. This the funniest part back to see the guy that shows up says what's up You keep it as a business. He's kind of like wait a minute. How do you guys know it yet?

Starting point is 01:29:39 He's so you know we're typically I was making minimum weight before pbd showed up now I'm making a hundred grand a year just doing my thing here at Triple P. Yeah, what point was I trying to make? I was going to relofer. He took the picture. You're going to the, but I was trying to make a point. I was trying to make a point. There was a point.

Starting point is 01:29:53 What were we talking about right? Sunday sermon, but ugly red a firt. Well, we were switching from minimum weight to next up. AT&T. AT&T. That's the two tenth story, which I ran out of, yeah, ran out of, yes, on AT&T. Anyways, we finally made it to the game. Barely first quarter, and that's the game where

Starting point is 01:30:06 Metal World Peace showed up in the Ford court. Kobe didn't have a good Ford court and they ended up winning the, and they ended up winning the entire thing. We were right there at the game. He and I are sitting right there, game seven, half time. Everybody's leaving to go get stuff. I said, you wanna go get some, says no man,

Starting point is 01:30:21 my body's in pain, I'm so nervous right now. This is too nerve wreck. We had to push the car all the way here. here was one of the ugliest games you've ever seen But anyways one though Dudley says Please have my friend stand up. This is my friend who ran out of gas Patrick by David So for the rest of the time every time I went to church it was so you had a guy run out of gas Let's not you're an entrepreneur you got that run out of gas Patrick. What's up? My tired career is about the guy running out of gas. Here's the next question Pat. Yes. Are you going to run out of gas after we've gone all through this?

Starting point is 01:30:51 You told the story. Oh, I ran out of gas yesterday. Stop it. I'm that series. What is going on? I'm being serious with you I ran out of gas and I was with Senna and I ran out of gas yesterday. As a gen what do you do? We first of all there's not a lot of gas stations in bulk I realize I yes it. I look Bokka. They need gas stations. So what do you do when you run out of gas? So anyways, we finally, we got gas. Somehow someone we got gas, but yeah, I ran out of gas. So there's like when the light goes on and like it's it's beeping. No trigger goes off. So he I need a car that talks to me. Mr. Bed David, you're about to run out of gas. Please go to the nearest gas station. I can't.

Starting point is 01:31:26 Why don't you get a time-lapse? I would actually not be a big deal. You would forget to charge it and then next thing, you know, you wouldn't be a big deal. That would actually not be a bad idea for me. I can't get this out of my head while I pat continually runs out of gas. Something's going on there is that you don't pay attention to the little things. You're a macro thinker. You're not worried about the gas.

Starting point is 01:31:40 But when's the last time you run out of gas? Let me get to straight. I will never run out of gas. We're here trying to solve the issue of minimal wage. Your concern is me running out again. I am. Small thinkers. I want to know what is going on in your brain that it continually happens.

Starting point is 01:31:59 You know what's impressive though? He can run out of gas and it doesn't ruin his day. Your day is more ruined than his yesterday because he ran out of gas. I told Pat, like I lost sleep over that one day where he was gonna do 15, sorry, 14 things they don't teach you in school. And rather than they're racing it,

Starting point is 01:32:17 he draws a line through it right to 15. I'd be like, what? How do you? Yeah, the other day I got a ticket. I got a ticket the other day in your house and the lady comes up to me and that's so funny. You want to tell this story? We get a ticket.

Starting point is 01:32:30 We go to dinner at the yardhouse. I think this is on my birthday. I birthday. We don't Bitcoin right after this with Elon Musk. Ticket of the yardhouse, he gets out there, she had just given it a ticket. He's like, what do I put money in the meter? What's going on here?

Starting point is 01:32:41 She's like, yeah, but you know, you've been here for two hours. You only put enough for one hour in the meter. Pat looks at her and he goes, you know what, I probably parked a dozen times without paying. I probably owe you money at this point. So, you know, at fair and square, we're good. I got the times wrong. I thought it was like for 30 minutes, but apparently it's like, you know, it's just funny. You don't get attention to little things. No, you're not necessarily too stuff that I just kind of like, it's just parking. Like, you want me to consume my mind about parking.

Starting point is 01:33:08 Let me just park the car, pay somebody a thousand dollars a month. Don't bother me with my book. It's a little bit complicated with parking over here. Want to go to my room. Talk about parking. Yeah. What's the one thing I've told you? Maybe a thousand times.

Starting point is 01:33:21 What's that? As far as you're driving, Uber, I need a driver. You need a driver. I don't think I don't know. You're running out of gas. You're with your daughter. You're pushing your car. Uber, I need a driver. You need a driver. I don't think I don't know. You're running out of gas, you with your daughter, you're pushing your car, you can't even get into the game seven on time, get a driver.

Starting point is 01:33:31 You don't have to worry about any of this nonsense anymore. Well, Mickey used to be my driver. Well, we got Mickey back. Mickey's back, so Mickey's on my driver. So let's talk about Bitcoin. Let's do it. So imagine you're a diehard Bitcoin person. Ooh, you wake up and Elon Musk, Tesla buys one and a half billion dollars

Starting point is 01:33:48 of Bitcoin and starts accepting payment for cars. What is the reaction of the diehard Bitcoin believer when they hear that story? Honestly. Oh, they are through the roof. It's Christmas, New Year's, Hanukkah, and you name it all in one day. Because if you, oh, if you're one of the guys, the OG guys,

Starting point is 01:34:06 that you bought Bitcoin when it was nothing, and you sit on it. Oh my god. I mean, even if you bought Bitcoin on Friday, you would have, it would have gone up $8,000. If you would have just bought it on Friday, you would have been like, $138 to $46.

Starting point is 01:34:21 It's a 46, 33 right now. So Tesla will begin accepting Bitcoin to electronic auto maker disclose and SEC filing on Monday, citing efforts to further diversify 46, it's a 46, 33 right now. So Tesla will begin accepting Bitcoin the electronic automaker disclosed and SEC filing on Monday, setting efforts to further diversify Maximus returns on our cash and a first may soon accept its payment as a forward scars. The move sent Bitcoin higher trading about $42,000.

Starting point is 01:34:35 8 a.m. I don't know what it's at right now. The year the cryptocurrency, this year the cryptocurrency has gained 33% shares of automaker, have gained 20%. This year compared to three percent of SMP 500 and seven and a half percent of NASDAQ composite must add it I think Bitcoin is really on the verge of getting broad acceptance by conventional finance people so there it is right there broad accept

Starting point is 01:34:56 so let me ask you this so let me ask you this how high does it go how high does it go according to experts they, they don't, experts, who's an expert? They think $100,000 is where it could go from here. Maybe higher. But I don't think that's a big deal though. I don't think it's $100,000. You think it can go even higher than that? Let me put it to this way.

Starting point is 01:35:16 Let me put it to this way. Who's bigger than Elon Musk in the world right now? Nobody. No, nobody. Bezos might have a say in that, but Tom Brady. No, no, no, Bezos is on. Tom Brady. Bezos on, Bezos on his way out Tom. No, no, no, Bezos is on. Tom Brady. Bezos on his way out.

Starting point is 01:35:26 He just became, you know, Andy Jassy. No, Bezos is like, he's not, he's not, he's not, he doesn't grab attention. He's just kind of feeding in the back. No, Bezos doesn't want attention. Yeah. Okay. Bezos is Biden. Elon Musk is more, you know, Trump S is what it is.

Starting point is 01:35:41 Take the politics out. Take the attention. He likes being relevant, right? So no one's bigger than Musk. So Musk goes out there and says, Bitcoin and not only that, Tesla, the automaker that's not worth whatever it's worth that puts one and a half billion dollars

Starting point is 01:35:55 and they're now accepting payments. Yeah, I don't know, that's a big deal. I don't see this thing going from 42 to 100 now. Well, he had Bitcoin in his Twitter bio for the last four years. I see this thing going 42 to,200 to a few hundred. So you're buying? And I'm coming from a place of very neutral.

Starting point is 01:36:12 Like, yesterday I was commenting tweeting about the Super Bowl. Oh, you have money on this. You have a Brady card. You have a Mahomes card. I said, I don't have any money on this game. Like, mattress, Mac, Mac who put three and a half million dollars and he won six million dollars in Houston. And a couple of years ago he put $12 million on the ass doors. He had to fly to Nevada though to put in the bed.

Starting point is 01:36:33 He carried in that little sense and showed the pictures online online. Yeah, because he had a picture with like a lot of money. I don't know if that was just like a prop or something. By the way, mattress, Mac, a genus from Houston, he says he is the most giving man in the city and they love him. When the hurricane came, if you guys remember, the church, Joel Holstin's church shut down, he opened up all his mattress stores, saying anybody can come and sleep here.

Starting point is 01:36:56 Because it's bad condition. That's why the city loves this guy. Yeah, so going back to this Bitcoin, I don't think it's gonna go 42,000 to 100,000. I don't think so. I think it's gonna go 42,000 to 100,000. I don't think so. I think it's bigger than that. What's interesting though is because flip it now. Now, let's just say you now go and you have Wall Street, the Dalus of the world, they

Starting point is 01:37:15 have funds now. They're adding Bitcoin to the portfolio. It's, it's a, so 42,000 to 100,000. Okay. Let me ask the question in a different way. Would you have thought a year and a half ago that Elon Musk was going to go from being worth five, 10, 15 billion dollars to 200 billion dollars?

Starting point is 01:37:34 No, don't be surprised if this goes from 42 to like 400. The interesting thing is that... I didn't, that's a don't be surprised. Yeah. Okay, meaning it could happen. I'd be interesting to see, because you know how the hype with Bitcoin when it first kind of blew up towards the tail end of 2017 Everyone was buying everyone was investing. They were like, oh, I'm gonna put it in I'm gonna pick one I'm gonna put in a couple some a couple thousand dollars. It's gonna 100x in three days and then it crashed at that point

Starting point is 01:38:02 The peak was 19,000 If you just hold held on to that you could have been stupid enough to buy at the top and in three days, and then it crashed. At that point, the peak was 19,000. If you just held onto that, you could have been stupid enough to buy at the top and held onto it, and it still be twice as much today. Yeah. And that's probably just the beginning. When was that one month?

Starting point is 01:38:14 This was December of 2017. In December of 2017 was 19 bucks? Yeah, no, 19,000. Okay, December of 2017, a Jordan rookie card was selling for $25,000. If you would have bought one and held on to that, you would have sold it today for $700,000. Bitcoin people hated when I say that. 25,000, 25 times more that 19 would have been double.

Starting point is 01:38:37 So people can't take their eye off cards as well. There's a big move into card community right now. But then if you go a year later, when it went back down to like $3,000, I mean, you're looking now you're talking now you're talking my language. That's 13 times. But I'm also saying that because I have a lot of friends that brought Bitcoin at the peak, thinking, oh, it's going to keep going. It went down. They, they were like, I'm pissed. I'm never going into it. Like, I'm done, like zero. I'm not trying to lose my money.

Starting point is 01:39:05 However, even buying at the worst time, it's a 2X. That's not bad. Well, just for some... By the way, this is just so, you know, I'm right now, buy on Bitcoin. This is the like, go buy, you know, that'd be my opinion on where Bitcoin's at today. You were gonna say something.

Starting point is 01:39:24 Well, no, I just a couple, you know, economic lessons out there for the investors out there. Hey, I wish I would have bought more Bitcoin over the last couple of years I bought, you know, three, four years ago. Two things, obviously, buy and hold is a strategy. That's a strategy no matter whether you're buying Bitcoin or whether you're in the stock market or whether you have a Kobe card or whatever it is.

Starting point is 01:39:49 But also, sorry about that, but you've done okay with the wins. But also dollar cost averaging is a strategy. You bought Bitcoin when it was at 19. You bought Bitcoin when it was at three. You bought Bitcoin when it was at 35. You bought Bitcoin when it was at 40. You're gonna buy Bitcoin at 50. It's gonna buy it when it goes at three, you bought Bitcoin when it was at 35, you bought Bitcoin was at 40, you're gonna buy Bitcoin at 50, it's gonna, you're gonna buy it when it goes down to $17,

Starting point is 01:40:08 cost averaging, same with the market. You buy the market, stock market when it's at 19, when it's at 30, when it's at 18, just continually to buy and hold, buy and hold, buy and hold and dollar cost averaging. So just put that into your little cap over there. It's Bitcoin gonna go like you wanna make a prediction next 90 days where Bitcoin goes 90 days.

Starting point is 01:40:29 Well, with what we've seen with this game stop stuff and with certainly Elon Musk and whatever he's doing with this dogecoin stuff, the market more than ever is easy, easier to manipulate with a tweet, with a comment, with Wall Street bets kind of getting up there. So more than ever, you can move the markets just with kind of momentum and emotion rather than you want to give a number. You want to give me like a love story here on how you met your first girlfriend. I mean, I think if if if Elon's continuing to do this, I think Bitcoin could be on the, it could be at 100,000 in the next six months. So you're putting 100,000 six months.

Starting point is 01:41:12 I'd say 75 next 90 days. 75 next 90 days. How about you, PPD? I don't know, guys, I think it's good. Oh, you were doing, I think it was a love story. I don't mean it. I think it's good. What's your point?

Starting point is 01:41:22 What's your point? I think it's going six figures next 90 days. Really? I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day.

Starting point is 01:41:38 I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going to be a good day. I think it's going places that I can make. Go ahead. Why do you think, because I had some notes here, why do you think they allowed to buy a Tesla with Bitcoin? Because there's two sides to it. You can either make, it could be a really smart investment because then people pay with Bitcoin, they sit on Bitcoin, price of Bitcoin goes to the roof, they make a lot of money.

Starting point is 01:42:00 You paid. You paid $100,000 over the Bitcoin. It goes down the next day. Yeah, and then it drops to half. Suddenly you got talking about? I can't. You paid 100,000 dollars a big coin. It goes down the next day. Yeah, and then it drops to half. Suddenly you got a $1.50. What are you talking about? But I'm saying it's a flip side as well because you have, you're paying 100%,

Starting point is 01:42:13 that 100% turns into 200%. Suddenly you're like, oh crap. Kai, you missed the point. Here's the point with that. Okay, forget about how volatile it's gonna be. There's a risk there. I guarantee you the point is that I have to with the volatile market a bit Bitcoin. I guarantee you that

Starting point is 01:42:27 But you may also buy a car for 65,000 dollars. They you really pay to hundred thirty thousand dollars No, absolutely go both ways exactly so so you know, but the point is this Give me the DNA of a Tesla buyer I mean, it's the Wall Street bats the crypto crypto kind of person, the follower of the viewers. They're weird, they're different. Yeah. They're like, I'm not like you. I don't want to be like you.

Starting point is 01:42:50 I'm different. I don't buy what you buy. You guys are dummies that buy oil. What do they think everybody else is? Is weird or? No, no, no, no. They think the rest of the world that doesn't drive a Tesla, you're a fool, you know,

Starting point is 01:43:03 you know, that's how they're wired. They're wired that way. They have like a secret that you don't know about. They're part of a community, you're a fool, you know, that's how they're wired, they're wired that way. They have like a secret that you don't know about. They're part of a community, you're not part of a community. You don't get us, buddy. They are on the level above you, okay? All right, if Tesla drivers are like that, what other investors are like that? Cryptocurrency.

Starting point is 01:43:20 Exactly. They just got the entire cryptocurrency community, which is a massive one to say, dude, I'ma go by this. And they're now gonna be screaming off the top of their lungs, which is their community. It is their community. So they just recruited an entire community of protest, and you know what else about the crypto guys?

Starting point is 01:43:41 Let me answer your question. Do you know people that love oil? All they do is they do oil investments. Many. I'm an OPEC guy. That's what I'm saying. I'm an oil man. Do you know people that are big real estate guys? Do you know people that are big, you know, value stock guys that they want to buy Disney that's 10% down? How many of those guys are louder than Bitcoin guys? Nobody. That's the point. You want the loudest customer to be on your site. They just got the loudest customers that are now Tesla. Bitcoin people are like vegans.

Starting point is 01:44:11 Whether you want to know that they're Bitcoin people. Yeah, they're going to let you know. Guys, are we having some problems or no? You just had the best part that we had some problems. Man, this was awesome. Audio's going or no. Did it cut off or no? Cause we dropped a little bit. No, no, it was just any minute.

Starting point is 01:44:28 Okay, I got it. Okay, so we're back. So, okay, we back, it's back, Figs come back. Okay, sounds good. So, yeah, my answer to you with that is very simple. Bitcoin is officially all fan of Tesla. Yeah, I mean, one in so many different ways. No, I mean one in so many different ways.

Starting point is 01:44:46 No, I think obviously it's a different one. But do you think Tesla will use the Bitcoin or do you think they'll sit on it just as a sort of investment kind of? I think they're gonna sit on it if you ask me. I don't think I agree with that. I think they're gonna sit on it. It's a great question.

Starting point is 01:44:59 The only question, which is I think the Bitcoin's last hurdle, I think is how it works with taxes and taxation of it, because it's a decentralized platform, you buy it. You have to know at that point, when you're Tesla, their board is ridiculous, brilliant people with their board and they're accounting and they're audited financials and all that stuff. Yeah, I'm sure they're able to do it, but it's still as a, from what I'm understood, when you buy and sell cryptocurrency, you're obliged to yourself kind, but it's still as a from what I've understood when you buy and sell cryptocurrency, you're obliged to yourself kind of report what you've made or how the money works with that and you're kind of you're giving the IRS the information yourself. So obviously you could

Starting point is 01:45:37 say, oh, I didn't make 10,000, I made a thousand or even I didn't make any money at all. And they would know. So I think that's more where, what are you interested in? With Tesla, it'll work, because obviously they'll do it. The question is just with people that put money into it, because unless you're paying for it with a good, like you're trading it into other goods,

Starting point is 01:45:55 then that's kind of where the taxation comes in. If you're just buying it to invest and to have it multiply and stuff like that as an asset source, then that's different, because then it's one transaction. It's more when you go from the Bitcoin to the normal currency as a form of trade, that's kind of where it can get a little bit tricky, which is why it would be harder or delayed

Starting point is 01:46:14 until we can have people paying with Bitcoin for normal transactions in everyday life. You don't think they've thought that out and had a process made for that and kind of looked at all the good bet in the ugly? No, I'm sure they've thought thought thought that out and had a process made for that and kind of looked at all the good bad and the ugly. No, I'm sure I'm sure they've been that and that obviously if like they're that's what they're trying to figure out now of why we have visa and PayPal and all these people like what can we do? How can we get on with it? He's a PayPal part of the PayPal office.

Starting point is 01:46:36 Exactly. He knows he's been around the block with this stuff. Exactly. And he's I'm sure he's in the forefront of being able to figure out how you can do it in a manner. I think it's just more a another hurdle for the main street guy that would have to figure out. That's a good point.

Starting point is 01:46:50 How am I going to do that? I think that's a good point. So guys, we got a lot of stories left. I think the story I do want to cover is Tom Brady's diet because it could be shocking for some people here. So Tom Brady, his schedule came out, which is not a crazy schedule. The schedule's not going to shock anybody, but I think the diet is very, very interesting. So the guy's a 5 30 morning wake up call

Starting point is 01:47:07 drinks electrolyte water, then smoothie, then seven AM breakfast with his family, 8 to 10 30 hits the gym strengthening conditioning beach time 11 o'clock review game footage, noon lunch three to five team practice or in the off season surf and workout. The guy serves and

Starting point is 01:47:22 works at five to six post workout at a playability session six PM dinner with family seven PM review the offseason surf and workout. The guy surfs and works at five to six post workout, playability session, six PM dinner with family, seven PM review films, strategy with coach, charity, work seven, 30 family time, including reading with kids, 830 lights out and sleep. 830 lights out.

Starting point is 01:47:37 Sleep, okay. He doesn't even get to watch Sunday night football or the morning at football game. I mean, that's a penalty, that's a penalty what it is. That's his playing. Now, here's his workout routine. Okay. He's micromanaged the athlete's training for months

Starting point is 01:47:51 and even years in advance. An average day will begin early with pre-workout deep force massage session would get at all. It only lasts four minutes, but Tariq is 20 muscles groups for 20 seconds each. And it helps prepare Brady's body for an intense workout beginning with 40 minutes of resistant band to make muscles more pliable,

Starting point is 01:48:09 soft and resilient. As a quarterback has aged, he works out less with weights which could leave him prone to muscle tears, which it's interesting. You think my muscle tears when you're hitting the weights, that kind of does make sense. Now it's all about planks, lunges, and squats followed by more pliability exercises,

Starting point is 01:48:26 such as doing crunches with a vibrating roller beneath his back. Caffeine is off the table, so it's white flour, dairy products, and anything would gluten. His steers clear of veggies, no tomatoes, no eggplant, no peppers, no mushrooms that could cause inflammation. Everything has to be organic.

Starting point is 01:48:47 Brady each day tries to drink a couple hundred ounces of water. Usually enhanced with electrolytes, he sells those along with various nutritional supplements through the TB-12 site. That's a shout out. Alan Campbell was Brady's personal chef from 2013 to 2016 and helped them create the TB-12 nutrition manual, published in 2017, he told the post that at the time, at this time of year, we focused on dark leafy greens,

Starting point is 01:49:13 some grass-fed animal protein as well as a, how do you pronounce that word? Uh, uh, uh, uh, uh, L-E-G-U-M-E-S. Lagumes. Lagumes and the whole grains. But that's not what Brady will eat before the Super Bowl. His game day meals are even more basic. A smoothie and a sandwich of almond butter and jelly.

Starting point is 01:49:36 It's a, all a far cry from his rookie season in 2000. Brady admitted that his pregame snack used to be nachos while his default lunch was ham and cheese subs with onion rings and a large orange soda. What a weird diet. Like, it's just very different. No, I mean, am I the only one that thinks this is a very interesting, weird, nothing crazy, but, you know, doesn't touch mushrooms, tomatoes. What do you think about his diet?

Starting point is 01:50:04 I mean, look, he's regimented. He's on point. He's got a game plan. He's got a system. He's not just winging it. He's not just getting nachos and orange soda. He's got a very strict regimen that he's abiding to. The most interesting thing about Brady is, you know, there's two tails to Brady. You know, Brady, Brady came out the, the gates, you know, he wasn't a big time thrower passer. He was a game manager, great defense. They won three championships in his first four seasons, 2002, 2004, 2005. Do you know that he went on a, you know, in 2007, 2008, he was the MVP, got injured, he missed the season. What's my point here?

Starting point is 01:50:45 He went 10 years, 10 years without winning another Super Bowl. He won it in 2005. The next Super Bowl he won was in 2015 and then he won in 2015, 2017. Some say because they got caught. Some say because they got caught and they could no longer film. You know, the whole thing with that's what people say. I'm just telling you, yeah, track record here. We got 10 Super Bowls in 20 seasons. I, you know, I don't think there's much cheating going on. But call back to you. But those are the guys that are anti-breeding.

Starting point is 01:51:14 You hear that 10 year stretch constantly being saying that because they could no longer see the video of the other players. So what now Still one, they made a play. Yeah, they once they didn't get the final. They lost the giants. They lost the ego. They lost the Eli twice. Yeah. He reinvented himself. He came back stronger. He came back different. Sometimes he, when he was younger, he was a game manager. Then he started leading the league in passes, leading league of touchdowns. Randy Moss is going, you know, 20 touchdowns a year, reinvented himself. Now he's managing the game. I mean, he was MVP. The Super Bowl. He had 200 yards, three touchdowns. Nothing crazy. Should have been a system. Should have been a core. You love that guy. You love that guy. It's not. I love the guy. The guy let the team with 12 tackles, eight solo, one

Starting point is 01:51:56 interception at the end of the guy psychologically ruined the guys. You know, you know, what's his name? My home's ran for 497 yards to run away rush record. 497 yards he ran in the game, not ran like rushing yards. He ran in a run. He was running for his life he was running for his life, literally. And so the defense should have won no touchdowns, nine points less than 10 points. Go ahead. I just, I mean, you know, I know we're, we're, we're closing up shop here, but man, you got to respect Brady's professionalism to the game. He's got a system. He's got a regimen. And for, for the 40 plus crowd out there, take notice, he's not drinking, he's not drinking a lot of caffeine. He's not working out with major weights. He's stretching calisthenics, right?

Starting point is 01:52:46 I mean, every morning, you know, I do my stretches, I do my yoga, whatever. Being flexible, planks, what have you, it's not about getting the, the pulse trainer workout in necessarily shout out to the, the man pulse trainer. But, you know, as you get older, your game needs to change a little bit. Your regimen needs to change the way that you workout needs to change. When you're a young buck like Kai, you can, you know, eat, you know, seven sandwiches in a day. I was out of my mind by the way that I'm much better. I'm ready. I'm higher than my sandwiches. But you know, things have changed. But 43 years

Starting point is 01:53:15 old and you're, you're showing a 25 year old MVP half a billion dollar contract who the real man is the goat hungry. What's up? Salute. Kai, do you have any thoughts? I mean, I think real man is, the goat, Tom Brady. Salute. Salute. Kai, do you have any thoughts? I mean, I think it's interesting. He seems like he has it down to science. And I'm sure the guy he's worked with pretty much his whole career. I mean, at that point, the joke in the article was that his trainer, new Tom Brady's body

Starting point is 01:53:40 more than his wife. Oh, I don't know about that, but it makes sense. I don't know about that, but it makes sense. I don't know about that. And here's a lesson here to all you underdogs out there who are just starting a business that people are counting you out. You're the, you're the, you're the 12th man on a, on a 12-man team. Never forget. Mario, can you pull up his resume real quick before we, and never forget.

Starting point is 01:54:02 This is his resume. He was the, he was about to do. He was the hundred and ninety-ninth pick. Yeah. In the 2000 draft, he would draft it as a sixth round. There's pictures of him with his dad bod and no abs and no muscle. This is the greatest. Get out of here. Found my old resume. Really thought I was going to need this after the fifth round. Wow. University of Michigan, Bachelor of General Studies, December, emphasis in business and psychology, 3.4, 3.3, that solid academic achievement honors 90s. Okay. Award, academic, all the, the Merrill Lynch intern, Anne Harbor, Michigan assistant to senior sales broker. So I mean, University of Michigan golf course, sales representative assistant clubhouse manager, 1998 Polo fields golf and country club sales representative,

Starting point is 01:54:48 did learn the Dudler and Sun's custom home building. They just, they're, they're, he's putting them out there. So somebody over there's like, wait a minute, Dudler, this is great. If, imagine you're Dudler, like Dudler and Sun's custom, you're gonna put that out there, you know, Tom Brady used to work for us back in 1997.

Starting point is 01:55:05 Top of the park in Ann Arbor, some were festival, park security. Tom Brady was a security guard. Ha ha ha. From a security guard to a seven time Super Bowl champion. To the great, I mean, we had this debate. Let's do the last debate. Okay. Let's do the last of a weekend

Starting point is 01:55:22 because my dream team calls that to 11 o'clock. Do I have a 10 o'clock right now or no? We have a meeting. Give me one second. Hang on one second, guys. Let me see one thing. Okay, so we have to go. We're also going to go in a few minutes over.

Starting point is 01:55:34 Maybe we'll do it next time. So, anyway, so podcast today makes it episode 38. If you enjoyed the format of the podcast smash that subscribe button if you enjoyed our buddy Kai loada in the comment section. Let's put this Instagram account. So people can go is it just Kai load on Instagram K I L O A D E two A's two A's so it's said spell it slowly K A A I L O D E L O D K A I L O D E K I L O D-E. L-O-D-K-A-A-I-L-O-D-E. Kind of. Send them a message and tell them what you like to know about it.

Starting point is 01:56:09 Good luck working out here. Disagreements with Will Ferrell. I know that you guys have been in constant communication. He's a big USC guy. Your UCLA guy, Paul. By the way, FYI, I think this 8-A-M thing worked. I think this 8-A-M worked instead of going on 9-A-M if you asked me. I think the 8-A-. thing worked. I think this 8 a.m. worked instead of going to 9 a.m. if you ask me, I think the 8 a.m.

Starting point is 01:56:25 work, say that again. Yeah, we have 3200 people that got on at the top and we got to get it back up to 4.5 a.m. Do they want it to 9 a.m.? What are we in a style of this? I think whether they wanted or they don't want it to work that for us. More people were on today than last time. So we're going to keep it the way it is at 8 a.m. I like it. So having said that, everybody, have a great day. We're doing it again Thursday, same time it is at 8 a.m. I like it. So having said that everybody have a great day

Starting point is 01:56:45 We're doing it again Thursday same time Thursday. There's there's a day. I'm gonna take care everybody. Bye-bye. Bye-bye

PBD Podcast - Super Bowl 'Weeknd' | PBD Podcast | EP 38

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