PBD Podcast - Will China Retaliate For Nancy Pelosi Visiting Taiwan | PBD Podcast | Ep. 175

Episode Date: August 2, 2022

In this episode, Patrick Bet-David is joined by Tom Ellsworth, Vincent Oshana, and Adam Sosnick to discuss Nancy Pelosi, Monkey pox, Donald Trump and much more... TOPICS 0:00 - Start  4:59 - F...acebook fact-checks top economist saying we're in a recession  11:04 - How to judge if we're in a recession  19:17 - Tom Ellsworth explains the housing market  32:50 - Will Smith address Oscar slap in video  47:29 - Nancy Pelosi visiting Taiwan  56:07 - Russia supporting China going against the US  1:10:48 - Is China going to take over the US?  1:24:00 - Is monkeypox going to be a 'crisis'?  1:29:55 - Does Joe Manchin control the government?  1:38:24 - Is Fox News turning on Donald Trump?  1:48:11 -Donald Trump mocks Joe Biden over covid Text: PODCAST to 310.340.1132 to get added to the distribution list Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.   To reach the Valuetainment team you can email: booking@valuetainment.com --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Transcript
Discussion (0)
Starting point is 00:00:00 All right, so folks we got Adam in the house we got Vinnie in the house. We got Tom in the house Okay, yes right before Tom was doing his standup in front of Adam and Vinnie Killian and they were critiquing him. I think Tom should do one of those jokes What do you think I and then and by the way, it just you got to realize I said for the longest time Tom's jokes Requiring MBA that but but these mother-in-law jokes just require a sense of humor So just to kick it off. Let's test and by the way score it if you like it You know give it a thumbs up if you don't like it just put a score in the chat box and tell us how you like it Tom start people's day with a smile. Let's see what you can everybody take a deep breath
Starting point is 00:00:41 man Last week in a half my mother-in-law's funeral was just horrible. The family was still dead. They were all in the terrible. It was, there were tough moments. The first part was the way she was waving her arms, it was so hard to close the casket. We were just, and then later, you know, once the bang and stops on the inside of the casket, it takes about seven minutes.
Starting point is 00:01:08 There's no error in there. People that wanted to pray were just saying, man, can you just tell the band to turn it down? So it's just kind of a... What a rough week. It was a rough day. Are you okay? Are you gonna be all right? I think I was gonna be fine. Okay, that's Tom Joe. Alright, there we go. So that's what you's actually good for Tom. What do you say?
Starting point is 00:01:26 Zero to 10. I'm gonna give him the eight, like the dedication, the set, like I thought you were gonna cry first. I thought you, because when he said that really thought, what do you know? Vinnie, you know your cry. You know your cry.
Starting point is 00:01:35 Oh, his wife is pissed off right now with that joke. Anyways, we got some stories here to go through before we get into it. Let me just kind of give you some of the stories we got to, Pelosi is visiting Taiwan. Adam's extremely concerned. Maybe you'll give your sentiments on why you're worried about that. Monkeypox, 5,800 cases.
Starting point is 00:01:53 I think a handful of people have passed away. New York in California has already called it a public health emergency, but we'll see if other states will follow through as well. President Biden got COVID for the second time and Trump had a nice gesture, some nice words to say about it. Manchains got some stuff that's going on here with what they're doing raising taxes. And a 75 mile long building is being built in Saudi Arabia.
Starting point is 00:02:21 110 stories high. Let me say this one more time. A 75 mile long building. Trump would call that a wall. Like, you know, the, the, the, the, the, the wall, you know what I'm saying? It's so long. They're building a 75 mile long building.
Starting point is 00:02:36 That's futuristic skyscraper. I need his bathroom. I need his bathroom. Yeah, it's not the end of the hall. Yeah, good luck. 80 miles later. Yeah, I've seen two weeks. So anyway, so that's happening.
Starting point is 00:02:45 We'll talk about that. Fox News owner, Robert Murdock, is cool and untrump reports, say, Ahmed Wider, sign of this content. They're kind of distancing themselves from Trump. We'll see what that story looks like. On Navy Day, Putin says United States has main threat to Russia. China shadow is looming over the US this week
Starting point is 00:03:03 with obviously all the stuff that's going on. Leader of al-Qaeda was shot and killed, he was killed last night, I believe, yes. It was true. Yeah, yes, it is, we'll talk about. The number two for bin Laden. If you can pull up that story, Tyler, and prepare for it. So maybe we'll go through that.
Starting point is 00:03:17 Tom's got an update for us with the housing crisis on what's going on. President Biden helped Exxon Mobile score their biggest profit on record ever, which is pretty impressive to see that take in place. Will Smith is a, you know, apologizing to Chris, maybe we'll have some thoughts on that. Amber heard a sound like a $8 million home
Starting point is 00:03:35 if you guys are interested to pay off her debt with Johnny Depp. And then a few other things is going on here as well, which we'll talk about. But Pairman Prince Charles accepted $1.2 million for most of them, laden family family reports claim this is an insider story. Tiger Woods is eventually now a billionaire. He would have been one much sooner, but he's finally a billionaire.
Starting point is 00:03:54 And you know, that the Zalinsky Vogue publicity kind of misfired and it backfired on them. But Tom, why don't we start off, give us an update on what's going on with real estate. I'll read one of the stories and then I'll turn it over to you. One thing is Facebook and a top US economist fact check by Facebook for stating the country is in a recession. Okay, so this is a top economist. He says he thinks we're in a recession and Facebook comes out and says, yeah, no, it's not really in recession and they fact check. So let me just entire story to you.
Starting point is 00:04:29 On Thursday, these top economists fell victim to Facebook fact checkers when he stated that the United States is in a recession following the release of the GDP report, which showed negative growth for the second consecutive quarter, the standard definition of an economic recession. We live in an or well, you in health, escape Facebook is now fact checking anyone who questions the White House's word games about the definition of an economic recession. We live in an or well-being healthscape. Facebook is now fact-checking anyone who questions the White House's word games about the definition of recession.
Starting point is 00:04:49 Phil Magnus wrote on Twitter a researcher and educator with the American Institute for Economic Research. How wild has it been that an economist is being fact-checked by Facebook? Tom, what do you think about that? Well, I think right now we've got the tech companies. What are they scared to death of? They're scared to death of congressional hearings. And so they're trying to play nice with Washington.
Starting point is 00:05:11 And I call this a softball from the tech, from Fenga, right? This is just a softball. They're coming out there and say, oh, we're not really in a recession because the White House said we're not really in a recession. And they're trying to play nice. Remember, Facebook was the odd man out after the election Facebook took the heat and criticism from the DNC well you basically let Trump and let Russia you were the guy you were the ones that weren't really watching your front yard remember that all those criticisms of Facebook
Starting point is 00:05:37 so I think Facebook this is nothing more than Facebook takes a zero-risk thing of creating a headline of coming back and saying oh yeah yeah no we kind of agree, you know, there's no recession here. And that's just ridiculous. Everybody who's looking at all the statistics that have been used for 50 years, the technical statistics are out, we're in a recession. And by the way, just ask anybody who's at the supermarket what's going on. Right? I think it's pretty simple. This is Facebook, this is their... They're trying to make noise. Vinnie, what do you think about it?
Starting point is 00:06:04 I just think people are just out of touch, and the fact that we let them get that powerful. It's just, it's nuts and it's not going to stop. And then November's coming. So it's going to get even if I can't wait. I can't wait. Let's play devil's advocate. Let's play devil's advocate. Is there anything wrong with that atom?
Starting point is 00:06:19 Is there anything wrong with Facebook, fact check in? An economist saying he thinks we're in recession right now. So just so we're clear, the economist was saying that we're in a recession and Facebook. The economist was saying we're in a recession because of two quarters in RGDP being down, and Facebook comes out and says, no, we're not in a recession.
Starting point is 00:06:40 Fact checkin' and saying it's not necessarily the definition. I don't understand the moving of the goalposts for I think it really was you that posted a clip of Bill Clinton sitting down. I'm glad you said that. Can you pull up the Bill Clinton clip from 2001? Yeah. Wow.
Starting point is 00:06:53 Watch this. I don't like the moving of the goalposts. If something is a recession by the nation, watch it. Here's what Bill Clinton said in the one. It's the economy sitting next to man named George. So. Well, a recession is two quarters and a row of negative growth. see economy sitting next to men in Georgia. Better next year But I think there'll be things to be man still have economic challenges You gotta give him a chance to leave them if not try to figure it all out in the back
Starting point is 00:07:32 There's another guy that that just hooked up with look all happy. He looks and look how shady George Bush looks He was definitely he was looking up a Monica at this point, right? Look all happy he looks that's the guy that's getting late not from Hillary But look at that look at the green this must have been that's a guy that was getting late, not from Hillary, but look at that, look at the grin. This must have been, that's a guy that had two very rough years going into this. This was 21 years ago. This was after he was impeached,
Starting point is 00:07:50 but this was happy. I assume this was right at the transition from the, in 2000 to the George's transition to the presidential presidential presidential. Okay, so in January, that's my guy, by the way. I mean, look at all happy. Get low jobs or not, I don't really care. Get low jobs, happy, look at that, boom. He was smooth, mean, look at all happy. Get flow jobs are not I don't really care. The longer care is happy.
Starting point is 00:08:05 Look at that, boo. He was smooth, man. I gotta tell you. But anyway, to your initial point, he said it then, we'll say it again, if by definition, every session is two quarters
Starting point is 00:08:15 of negative GDP growth, it is what it is. And I will say that it wasn't disastrous GDP, what had just come back at 0.9, negative 0.9. So it's not crumbling, but by definition, we are in a recession. But Democrat, Democrat, on the recession side, Adam,
Starting point is 00:08:33 but on the inflation side, I think people in the country. No, yeah, but inflation is not a recession, right? It's just by GDP. It just seems like the left is, they're changing the definition of that. The economy is not run running reverse at a horrifying rate, but it is it is a recession, but is it one of the worst recessions on record? Not yet. Yeah. But inflation is is rough on the
Starting point is 00:08:54 average person. And that's what sucks. So I was having a call yesterday with you know how they say if you want to find out what's going to let you know whether there's a recession or not, you go to what? You know, a few different places. By the way, I love what mansion said in an interview with what's the you know, whether there's a recession or not, you go to what? You know, a few different places. By the way, I love what Manchin said and in an interview with, what's the guy from Fox News, the guy that always has Manchin, Brett Perry, yeah.
Starting point is 00:09:12 He said, he says, look, you know, 17 Nobel laureates said that inflation was transitory, you know, and look what happened to them. And these are 17 Nobel Prize laureates that are talking about this. Who still have jobs with the tank tanks? Who still have jobs, but they got up then they said, no, this is transitory, you don't have to worry about it. And this war transitory, listen,
Starting point is 00:09:34 there's a few words we learned in the last 12 months. Okay, one is transitory, we learn about entanglements, we learn about, there's a few words that the definitions forever change, right? And woman doesn't mean, woman, You can say what certain words be just gone. But Kamala Harris border doesn't mean border. I could be a thousand miles from the border. Yeah. We've been to the border.
Starting point is 00:09:54 We learned about the word insurrection. I wasn't familiar with that word a year ago. Yeah. Doesn't even know what that means. But the point is the point is what the you were talking about. What you were saying a minute ago. You're saying What point were you making you were saying there's inflation? There is a GDP growth GDP global You were saying something but yeah, what you agree with how to agree with it with Adam There was that the recession is not like the worst on record yet
Starting point is 00:10:18 But certainly inflation is hurting the average person was talking about that and before I was talking about was Facebook that They were really trying to do a make good with the US government. And I think they're even walking that back. Yeah. Anyways, look, if the way to judge to see if anything's happening to the economy is through shopping, through $0.99 stores,
Starting point is 00:10:41 which by the way, these $0.99 stores right now are being full again. There's a story on it which we'll read about here in a minute. This is going to sound funny, but strip clubs, you know, additional places people go to. You can ask a lot of interesting folks how money is being spent. You can talk to people who are getting tips. You can talk to a lot of the, are people being a little bit tighter? I talked to one of the top baseball card guys yesterday, The baseball card industry had a nationals this last week. And when the nationals happen, people show
Starting point is 00:11:09 off from all over the place to go to the nationals. It's like the NBA all-star game happens once a year. They had it this last week. They had some of the biggest cards on there. One of the cards right now that's on sale on Heritage auctions. They just reached out to me to see if I'm interested. It's gonna be, it's a Mickey Mantle 52 tops, SGC 9.5, starting bit was at 5 million, they're estimating this card's gonna go between 9 to 15 million bucks. Well, the way hair and his auction pad is interested, I don't know. Is it one of the, is it one of the,
Starting point is 00:11:36 I assume you're interested. Yeah, I'm interested in it. I don't know if I'm gonna go that high for that card. Is this one of the mantles? This is one of the mantles. There's four cards of man, There's three PSA tens. There's one SGC nine and a half. This is one of them.
Starting point is 00:11:47 And the guy that's selling it, look when he's selling it, look when he is selling it. If he would have sold it a year ago, he would have gone a few million dollars more than he would get it right now. So he's off in a market by about a year. The card market is down 20 to 50%. Okay, let me say this one more time.
Starting point is 00:12:02 The card market is down 20 to 50%. Which means guys were paying $500,000 for card last year that card's gonna go for 300,000 orders this year Okay guys were spending 32,000 dollars on a basic PSA 10 LeBron James card today. It's gone for 16,000 dollars $12,000 So that's a big difference. Those are some of the stuff that you're noticing, but by the way It's still early. I mean if you look at what's going on with the mortgages, we have record breaking equity right now.
Starting point is 00:12:29 People are still sitting on record breaking equity. The challenge is with the folks that are sitting on record breaking equity, most people are trying to sell their house for a price that will not sell today. So you may think, what is really equity? Think about what equity, what is really equity? It's like a price on the stock market that goes by and if the less you do something today, it's just a price that's going by. So, you know how unrealized gains. That's exactly right. It's like watching a ticker for your house. It's like when a guy owns a few hundred million
Starting point is 00:13:01 dollars on paper of a company, which I know a couple guys like that. When you own a couple hundred million dollars on paper and then that's converted to cash, there's a big difference between a big difference between a paper and a cash, right? So, so a lot of people that are like, well, I got four hundred thousand dollars in equity. I got three hundred thousand dollars in equity. I would probably say the best bet if you got equity right now is try to refile. Okay? Try to refile. Try to refile. Now try not try to refile.
Starting point is 00:13:32 Try to see if you can get, obviously don't go with the race. Figure out a way if you can get a home equity line of credit and sit on the sidelines with that if you can do something because if you can, then it's true equity. If you don't, it's just you think you got equity. We're not gonna know.
Starting point is 00:13:46 What are people willing to pay for that house? If a person was willing to pay a million dollars for it last year's at 9.50 today's at 900, is it 8.50, what's that number? We don't know. So I think we're still gonna figure out the next three, six months what is going to really happen. Every month, the one thing about winning and losing, okay? When you're winning,
Starting point is 00:14:06 you know, and you win for a long time, you think you're gonna win forever. And you're not, okay? The thing about losing is what? When you're losing for a long time, you're thinking of losing forever. And you're not. Shit can turn very quickly. Good and bad. So if you're overly, overly optimistic, maybe drink a little peripera, we're not, you know, may not be bad for you to get a little paranoid. And if you've been losing a little bit too much, maybe it's good you go by the book, Norman Vincent Peel, the power of positive thinking. And have a drink or two of positive thinking see what it does for you. But regardless of what's going on, we don't really know exactly what's going to happen with the market in the next three to six, 12 months. We just know the numbers
Starting point is 00:14:47 indicate this is not good. Bill Gates says success is a lousy teacher. Every now and then, if you have a setback on a product launch or something, it's actually a good teacher. He didn't wish for that and he was a bit of a tyrant when things didn't go well. But he's absolutely right. Success is a lousy teacher. But I think there is an exception to your rule. Fans of the Detroit Lions are not convinced that losing never ends. So we'll just, same thing for the Jets.
Starting point is 00:15:13 By the way, about a month ago, when you really started seeing some of the signs of this recession, it could have been prior to that. You kind of give a message to the audience out there, like, guys, pump the brakes on buying luxury goods. Louis Vuitton, Gucci, Prada. Yeah, right. You know, let's stop buying the bags.
Starting point is 00:15:29 Like, you know, you give a warning to our gentlemen out there. You know, tell the wives maybe you won't do this, right? You know, you put up Tyler, as there's ironic you have this up right now, the crypto collapse has flooded the market. Yeah, we're working with Rolex and Patek, exactly. So actually had a conversation with a good buddy of mine who's like the watch guy in Miami. Shout out to my boy, Jake, if you need Rolex,
Starting point is 00:15:53 it's like, he's the guy, right? And I actually text him. I was like, I just want to check, like is my boy, he's getting married soon. I'm just checking in with him. I said, what's the state of the watch market? What do you see? Because the guy's made a freaking killing.
Starting point is 00:16:03 There's no way you're buying a high end watch. We'll see about that, PVD. But I said, what's the stock, what's the status of the watch market? And you know, is it correlated with what you're seeing in crypto and real estate at the stock market, which is obviously taking a big hit? He says, quote unquote,
Starting point is 00:16:19 the watch market is more of an indication of a correction. First, it's the first luxury good to weaken. The first. All right, I saw this at the beginning of March and I've adjusted accordingly. It's not something someone needs, so it's the first to go. That's right. So we're starting to see what you recommended. Shedding this excess luxuries from your life to slim down, essentially, what do you say?
Starting point is 00:16:43 Yeah, and by the way, one of the Dayton watches, the one of the Rolexes went up from $35,000 to 240 during the pandemic. It's down to 190. Still it's from 30. Give me those numbers again. 35. It went from 35 to 240. It's down to 190 today.
Starting point is 00:16:59 Still. Okay. It's still down. It's still 190. But it was 45 from 35 to 240 to 190 and that's it. One hundred four months. Yeah, and 24 months. Wow. This watch was it's it's it's a it's a different economy. We're gonna find out the what's gonna happen with people spending again like the point is There are so many markers like you know how what did they say?
Starting point is 00:17:21 You know if you're a left side of your chest hurts, you start having certain feelings and you're left arm and you're left leg. What sign is that? It might be having stroke or hard time. Okay, so it's just stroke or hard attack. Okay, hey, would you say? And China, right? Oh, that's just, that's what I'm gonna say.
Starting point is 00:17:36 I was like, what the hell is your brain now, right? Now China, what do you mean? China, you mean, you have a like a Trump saying China. Oh, what, what's that? China, China. No, no, in China. In China.
Starting point is 00:17:50 So, but the point is, the point is like, you know, you know how you come home, you eat, you drink a lot. Okay, if you drink a lot of alcohol and you eat a lot of pizza, what are you gonna feel like in the morning when you wake up? Shit. It's not over. Okay.
Starting point is 00:18:04 Listen, if you add fuel, bad engine. when you wake up? Shit. Stop over. Okay. Listen, if you add fuel, bad engine. If you go drink six cups of coffee, except if your name is Mario, how should you feel after? I'm gonna say that's a good question. Yeah, crashing, right? The weirdest thing about this economy is, there are so many indicators that are showing towards
Starting point is 00:18:20 what should happen, that we're not gonna know if it's gonna happen or not. This is the thing about this economy today. That's very weird, that's got everybody confused because nobody really knows exactly what's gonna happen. Even with that, even with you not having a clue what's gonna be happening, your job is still to figure out your own prediction and preparing for that
Starting point is 00:18:41 and persevering through these bad times. No matter what's going on, you have to make your own set of predictions. Anyways, okay, so Tom, home prices, housing, anything we need to know with housing. Yeah, I think, but people, if you're trying to sell right now, and you have to sell, let's say your job is moving,
Starting point is 00:18:57 and you're looking at potential recession, you're looking at things happening, and you're looking like you got to move right now, you, I think you just need to be realistic with what you do at that house. Because we're seeing houses, I was just scanning markets, and not just South Florida where we are down here, or Dallas, I was scanning like Phoenix,
Starting point is 00:19:13 I was scanning Atlanta, you know, and kind of northern areas of Atlanta or people live. And houses are on the market for a while, and I noticed that people haven't moved the price now, but I'm looking at houses that look perfectly reasonable. You understand housing, but they haven't moved the price at all. And then I look at Zillow, you can flip it over to recent sales. And I'm like, man, these people
Starting point is 00:19:32 neither need to get realistic about the price or maybe they're under the loan and the financing underneath. They can't sell at the lower price. Otherwise, they have to... They'll be underwater. They'll be underwater, contribute. If you have to go right now to another market, you need to get out and be realistic at what you can get out.
Starting point is 00:19:49 I hope you're not upside down on that. The other thing is just statistically looking at this. Right now, we've got a decline in home sales. It's accelerating. It was 3% decline. Now, it's 5% decline, 5.4% decline. I think that we're seeing the demand run up a curve right now. In other words, the change in demand is getting, is accelerating at a rapid rate.
Starting point is 00:20:15 Remember the beginning of the year, gas went like 350 national average, 363 national average, 375 national average, and all of a sudden it went to 5. Remember that? It was a big jump. That's the same thing. If you're listening and you're considering moving home, that's the same thing with a housing demand. It drops, 3%, it drops, 5%, and all of a sudden the report comes out that it's dropped 15%.
Starting point is 00:20:35 So, if you get a so-your-house, you get a role right now. If you're thinking about buying a house right now, I wouldn't do it. Number one, your underlying mortgage is going to be higher. And number two, I think you get a weight for those the artificial equity I call it, you know as a result of two trillion dollars pumped in the economy has inflated housing prices artificially and We got to wait for those to settle back down. So if you're looking to buy right now and you're in even something close to a reason of release Hang with the reasonable lease and look next summer to buy. I want to read something here from a Moody's chief economist. So you know how Moody's, they don't have a,
Starting point is 00:21:10 you know, they're just kind of like giving you what they think it is. And FYI, guys, whatever experts are saying right now, take it at face value and do whatever you want to do with it. But you got to hear both sides. Here's what he's saying. housing correction is dead ahead. want to do with it, but you got to hear both sides. Here's what he's saying. Mark, housing correction is dead ahead. Warren's Moody's chief economist, Mark Zandy. Here's how he sees things playing out over the next several months. This is a Yahoo new story. Existing home sales showed a 5.4% decline in June from May, but prices remain elevated according to the National Association of Realtors, the median sale price of existing homes in the US set a new record high of 416 in June. Marking a 13.4% increase for more years ago. Yet for those continuing to watch, these rising home prices, Chief Economist Moody's analytics, Mark Zandee warns that a correction could be dead ahead. Mortgage rates continue to climb as interest rates rise further, with some forecasting and short-term rise
Starting point is 00:22:06 of three and a quarter on a 30-year fixed rate loan mortgage rates are now sitting at about 6%. As these rates rise, mortgage payments can be several thousand dollars higher than they were a year ago, Zandhi says. And this loss of affordability exactly why he sees a correction in the near future. If we stay around six, I think that the market will adjust and will eventually get that
Starting point is 00:22:28 correction. If it goes much higher, then we'll get a more significant pullback in the housing market. This is what I'm talking about. So you have a 5.4% drop in demand and the interest rates are coming up. Yet the prices are staying flat. Do you remember the big short? And there is a two week period on Wall Street where they talked about why haven't the marked market? Remember why is the bond insurance gone higher and this gone higher but the underlying haven't and when it
Starting point is 00:22:53 did it did suddenly. So you're seeing the demand drop and the rates go up while prices are holding steady. Those prices are under stress because of the interest rates and because of the demand dropping and we're going to I agree with this guy I think dead ahead you're gonna see a sudden drop in the purchase It's and I think it's gonna be slowly then suddenly Let me just say something I think We talk about the importance of I diversifying where you get your information We talk about that in regards to politics all the time we do say hey if I watch something CNN, I'll also flip over to Fox. I don't watch actual TV. I'm talking
Starting point is 00:23:28 about YouTube. I'll watch clips on MSNBC, you know, CNBC, MSNBC, Fox, CNN, the whole, the whole lot, the whole gamut to get a variety of opinions. And then you can decide for myself. Much is the same though where I, how I view my financial advice. So, there's, like if you only got your advice from realtors, what are realtors going to tell you? It's a great time to buy. It's a course. Things are always going to go up.
Starting point is 00:23:54 If you're only interested in the stock market, of course you need a financial advisor. Of course you need someone to manage your money. Of course you need to be reinvesting. Of course you need to buy, of course, if you're only talking to somebody who does crypto, it's like Bitcoin's going to the moon. How do you know? You gotta get it on Bitcoin. You gotta don't get, don't get cheap.
Starting point is 00:24:09 Don't get it on. So like, it's just, depending on where you get your news, is what you're going to hear. So it's important to kind of hear a variety of sources. So you're not influenced to going down what someone else wants you to do. Because it benefits their bottom line. I can't tell you how many realtors I get.
Starting point is 00:24:29 I'm not a big real net real estate guy. Although I invest in REITs, you're familiar with REITs, right? You can own real estate without actually having to get your hands dirty. I'm a big fan of that. Okay. Any time that I do something here on the PBD podcast, I'm like, look, I think kind of buying for most people is a little overrated. Hold on, shock or alert, depending on where you're at in life. So if you're young, if you're single, if you're flexible, if you want to have
Starting point is 00:24:52 mobility, if you don't, you talked about if you're living in Phoenix, maybe you're moving it awesome, maybe you can move Miami. I don't know where I'm going. Stay flexible. Like, this guy just came from California. The first thing I said to him is like, you've been here about 15 fucking minutes. Don't buy right now, just rent, okay? But at the same time, there's certain people that have families, they have school districts, they wanna be in a sense of a community, they're not moving anywhere for five, 10 years, cool buy.
Starting point is 00:25:14 So, but it's always the people that are like, Joe, below real estate, Bill, you know, realtor, they're always like, you don't know what you're talking about, bro. It's like, by your Instagram name, I can already tell you that you're not gonna want to hear what I have to say Yeah, right because you're bill realtor. Yeah, okay Johnny mortgage guy What do you expect to say when someone Talks shit about your marketplace. Yeah, that's like pat and iron the insurance world, right?
Starting point is 00:25:41 So there's a lot of people that say you know know, their termites don't buy universal life, don't buy IUL, it's a waste of money by term, invest the difference. How many times have you ever heard that? Dave Ramsey always talks about that. So, but at the same time, if you interview a million different insurance agents, they'll tell you the benefits of buying
Starting point is 00:26:00 permanent insurance rather than term, right? So just be very careful where you get your information. I see what I see. I see what I see from it. Diversify the content you consume. permanent insurance rather than term, right? So just be very careful where you get your information. I see what I took from it. Diversify the content you consume. Of course. Diversify the council you're getting on financial advice. Diversify it.
Starting point is 00:26:14 I don't think that's a bad idea. I think that's actually a very good council being given to everybody that's listening to this. Let me give a couple of things about comments that people made. One guy just said, Scott Rodriguez, I believe was the one that said this. Scott Rodriguez said, Pat, my wife and I were in Vegas this past weekend and we love eating
Starting point is 00:26:30 that cut in the Palazzo. Normally packed and sold out, it was completely empty on a Friday night. Oh, damn. And that's the cut, okay? Bam, bam, bam, bam. And then he says, I'll see you in Vegas. I'm going to be there next week. Okay, so Paul, I believe, Cove 12x, 12x, I think his name is Paul.
Starting point is 00:26:44 I hope it's very hard to pronounce whatever that is, but so my home this time last year, sold the home for way more than it's worth, renting now, waiting for the market to collapse. If it does or doesn't, I position myself well. Good for you. What's that guy's name? Paul something.
Starting point is 00:27:01 Whatever, shout out to that guy. Paul or I mean that guy. And Paul and Pat, you guys were talking about earlier time. I think I think it was Pat and you guys talking about, you know, the signs and what you're looking for. I mean, you guys, I'm gonna be honest, made one or two better decisions in my life because I'm a little bit ahead of me.
Starting point is 00:27:14 But you know, some of the signs are for people like me. There's a 99 cent store. I walk, I'm loaded out by the sea. I walk in every single, it's a 99 cent store, right? Everyone has a sticker now, it says $1.25. It's changed. That's when you're, that's when I was like, right? Everyone has a sticker now that says $1.25. It's changed. That's when I was like, wait a minute. The dollar store's gonna have to change its name
Starting point is 00:27:30 and place the dollar in 25. And the guy said it's not going back ever. So is that where you got that shirt? Yeah, the shirt and the pants. Oh my gosh. What, they sell shirts now? That's the dollar tree. It's a great deal.
Starting point is 00:27:42 What, dude? I'm gonna hate it. I'm gonna hate it. Yeah, why not? Take a look at this. Yeah, go ahead. Yeah, go find the store. No, this is a store deal. What dude? Not gonna hate it. I'm gonna hit it on a good bite. Yeah, why not? Yeah, take a look at this. Yeah, go ahead. Yeah, go ahead. Yeah, this is a story that's probably
Starting point is 00:27:50 near and dear to your heart. You always talk about your father. Yeah, that wasn't the nine I said. Yeah, so that's how he made his millions. In Tingle with one dollar and a half. One dollar literally. Inflation as dollar stores, this counts supermarkets see an increase in high income shoppers.
Starting point is 00:28:03 Wow, this counts supermarkets see an increase in high income shoppers. Wow. High income. This counts supermarkets see an increase in high income shoppers. Yahoo, finance story. How the hell do you know if they're high income shoppers in the first place? Like do they say $6.28? About what do you make last year? $2.28. Okay, sounds good.
Starting point is 00:28:17 Go ahead. How many birthday balloons kept on this month? How do they know that? According to consumer price index, CPF figures of food at home index rose 12.2% of past year and the overall food index increased 1% in June Bringing the latter category total increase to 10.4 for the last 12 months ending June this represents the largest 12 month increase since the period Ending February of 1980 when according to the Bureau of Labor statistics these figures are also higher than the overall inflation rate Which stood at 9.1% in, 90% Americans say they are concerned about food prices.
Starting point is 00:28:47 Guys, that's a big number. 90% of Americans say they're concerned about food prices according to a Harris poll survey. And by the way, this is Yahoo Finance. It's not Fox or CNN. The Wall Street Journal reported that the average spending on grocery products at discount chains increased 71%.
Starting point is 00:29:07 Let me read this one more time, Q. Did you guys read that? Wall Street Journal reported that the average spending on grocery products at discount chains increased 71% from October of 2021 to June of 2022. According to analytics from in market and our in-house investigative journal is validated that. Dollar stores, discount supermarkets see shoppers search This is aligned with survey for a numerator Which showed that inflation is indeed changing shoppers habits dollar stores are seen more high income shoppers Which is described by people with income greater than $80,000 who are also switching to save. The numerator survey found that dollar store sales
Starting point is 00:29:46 are up by about 14%. And as the cost of everyday goods continues to rise consumers are shopping around to find value. This is Eric Belcher, CEO of Numerator. Many of these shifts include high income households trading down to dollar stores are unexpected. Huh. Very, very interesting.
Starting point is 00:30:04 And Pat, I don't know if you guys have, when's the last time you guys went to a dollar store, be honest, Tom, very interesting. And Pat, don't be, you guys, one of the last time you guys went to a dollar store, be honest, Tom, you're even on a talk about. Listen, have you ever seen the food, the groceries in there? No. It's dude, I've never heard of a fucking 99 cent store farm. Have you ever seen dude, the banan,
Starting point is 00:30:18 everything is just disgusting, but I mean, people are, I've never bought food there, but it's not good. I didn't know that that's sold food. Is that Alfonso Remerber's baseball team? I'm just, I'm just, I'm just, I'm just, I'm just, I've never bought food there, but it's not good. I didn't know that that's the whole thing. Is that Alfonso Remirsa's baseball team? I'm just, I'm gonna go that man, but if I want, but if I want, it's not good, no, the food there is not good.
Starting point is 00:30:34 Like even the frozen food is like, but that weird pockets. But by the way, it's stuff like this, 71% up. So do you remember like when you're like, you know, people are buying into Bitcoin, they're buying into crypto and it's up 71% up. So do you remember like when you're like, you know, people are buying into Bitcoin, they're buying into crypto and it's up 71% up 88% like, oh, should people are buying these types of things? When it goes 71% higher, eight months later at 99 cent stores, that's not a 5% increase or 10% increase. Some things going on, pay attention to buyer habits.
Starting point is 00:31:05 The spending habits, the way buyers, shoppers are going to 99 cents store, there's either fear that they have that they wanna save their money or some things going on with their income, their personal lifestyle, that's causing 99 cents stores to be up 71%. Remember when Zoo's stock went from what? 70 bucks to 500 bucks?
Starting point is 00:31:23 What's it back down to? 100 bucks. Okay, so even in the last five years, the stock went from what? 70 bucks to 500 bucks? What's it back down to? A hundred bucks. Okay. So even in the last five years, the stock went from 70 to 100. Yeah, we looked at that a week ago. That's right. We 20, 22% up before and after 10 days.
Starting point is 00:31:33 But, Zoom went from 70 to 500. If you run the current side of the ride, you may it ride. So if 99 cents stores are up 71%, ask yourself why? Ask yourself why? Ask yourself why? Why that is. Do you have any thoughts on this or no? It's been a while since I've shopped it at 99 cents store. But I'm not saying anyone that does.
Starting point is 00:31:52 And it's packed with stuff and it's just. What do you buy when you're there? Toilet paper, foil, cleaning stuff, like the toilet stuff. It's like, is it all the, everything like that, bro? That's, if you want, I wouldn't recommend getting food, but if you're gonna go to the dollar store, the dollar tree, 100% all the, you know, paper plates, if you wanna throw a party or balloons,
Starting point is 00:32:09 that's the place to go to, just, I wouldn't get yogurt or some shit like that, or meat, not from the dollar store. Can we change it up and go to Ultimate Stories? I know you got thoughts on this, Tom. So, Will Smith addresses Oscar Slap in a new video. Okay, I don't know, but I don't know if we can play this I don't think we can play this Tyler so
Starting point is 00:32:29 Before the YouTube folks show up. I don't know if we can play this or not, but let me read this to you So we'll Smith We'll spend it's deeply remorseful about slapping Chris Rock at the Academy Awards in March Smith posted a video on his Instagram account on Friday that began with the words on screen It's been a minute. I was fogged out by that point, Smith said. It's all fuzzy. I've reached out to Chris.
Starting point is 00:32:50 And a message that came back from his campus, he's not ready to talk. When he is, he will reach out. So I will say to Chris, I apologize to my behavior was unacceptable. And I'm here whenever you are ready to talk. Smith also apologizes to Rock's mother, family, and his brother, Tony Rock, who has stared in 2007 sitcom, start in 2007 sitcom All of Us, which was created by Smyr and his wife, Jada Pinkett Smyr. Adam, since this is more in your wheelhouse,
Starting point is 00:33:15 what are your thoughts on this? Man, will, I mean, what a fall from Grace this guy's head. I mean, even the apology tour that he's on right now was just sad. There's nothing manly about Will Smith anymore. This is fucking Will Smith, well, French, French Prince of Bel-Air, men in black, Independence Day, like the pursuit of happiness, the list goes on, and all he's doing is crying and apologizing these days and making a mens for his wife bangin some dude. Dude Zuh.
Starting point is 00:33:48 Okay, dude Zuh. So, dudes. I, I, the number one, how long ago was the slap two months ago? No, the slap? Way, but well, four, five, four months ago. No, I was still in LA. No, it was May, a few months ago. Yeah.
Starting point is 00:34:04 So what took so long and this is the best you can come up with? I'm just so disappointed with what I'm seeing with Will Smith. He needs to get some red pill in his life. Okay, he needs to get like, there's only one thing he can do to change his reputation. What's that? It's only one thing he needs to do to change. Bitch, slap someone else and not apologize.
Starting point is 00:34:18 He needs to divorce. Yeah, Jada, 100% agree with you. That's the only thing he can do to change his reputation. And I'm telling you right now, because look, I've seen men who were man's men. Yeah. Okay, date a woman. And gradually that woman changed the man. Okay, I read a quote a long time ago
Starting point is 00:34:37 that was given to me before I was getting married. And this is what the quote said. And I was thinking about getting married and a different time I wasn't ready and the guy that gave me the counsel on my guy, this is not a good time for me to get married. Court was women marry men, hoping they change and they don't. Men marry women, hoping they stay the same and they don't. Okay, women change, men stays the same,
Starting point is 00:35:00 unless a woman allows a woman to change them into who he is now today because now you're scared you're walking on eggshells and when a man is in that web they rarely know they're in that web and they get destroyed they do they lose their DNA and eventually you're in so deep that you're convinced you're supposed to be this person it's treacherous to be in that situation I think there's only one thing he can do. If he announced tomorrow that he's found divorce and he's sick of it, hey, love you, we had a good run, but I got to move on and I got to go live my life.
Starting point is 00:35:33 I will tell you, three, six, 12 months later, everything about his reputation would change and people would say finally he's standing up for himself. That is the only way for him to be out. His face will come back. Will either he laws will come back. Will either either needs to go be by himself a little bit and do some soul searching, and I'm sure he's not going to be by so I'm sure there's a lineup of plenty of people
Starting point is 00:35:51 that would love to find out what the principal is up to. But at the same time, he needs to get somebody that's crazy about him that wants to be with him. You know, versus the other way around, I think he was crazy about Jada versus Jada being crazy about him. I think Jada was like, yeah, I should marry somebody like a Will Smith. Well, versus Will's like, I'm crazy about her.
Starting point is 00:36:09 He's got to find somebody that's crazy about him to see what that's going to work. And her first love was two-pock from what I recall. So that's what that's different. So you're not. Let me ask you. And let me ask you another question. Yeah. What we haven't talked about, maybe what's the elephant in the room is Hollywood.
Starting point is 00:36:23 He says Hollywood as it gets at this point. So like, everything about him, I just feel is like, okay, what are the people in Hollywood are gonna say? How am I gonna respond to what I'm doing right now? I mean, what's my career looking like? What's the box office? What's the movies? What are the producers saying?
Starting point is 00:36:39 The executive producers, everything's just very calculated. It seems like. And it's correct. And Hollywood doesn't seem to be like, you know, I'm the fucking man. I'm do talk shit about my wife. I bitch laughing. That is what it is.
Starting point is 00:36:50 Let me ask you guys a question. Let me ask you guys a question. Let me ask you guys a question. Say Jada's dating Tupac and they're married. Yeah. Would that, if that would have happened, what does Tupac do? In this situation. Say Jada's married to Tupac, Tupac's alive. And they're together and Jada's like, oh, I had an antagonist. What that if that would have happened with us to Pock do in this situation say jay does
Starting point is 00:37:05 marry to two pop two pucks alive and they're together and jay does like I had an antagonist what is two pocket do first of all two park won't do that interview no two park wouldn't be with her and jay to wouldn't be able to do that to two pocket okay but what does two pocket he whatever the fuck he wants he's the worst thing he he looks up with the hottest girl the The hottest girl that's trending, he's in the fight. Actually, think about what Tupac would do. I mean, he cuts her off. He says, thanks for all that you've done.
Starting point is 00:37:30 You're out the door. We're gonna take her ride to Dickey. I'll sit in the middle, you sit by the door. He's a hard one. Yeah. What do you think? You sound like he kills the guy? No, no, no.
Starting point is 00:37:39 Tupac's not gonna kill the guy. Tupac's gonna make a song about it. Oh yeah, for sure. Tupac's gonna make a song about it, but he's caught. He's caught. Yeah, he's gone. You know, he's gonna say a song about it. Oh yeah, for sure. Tupac's gonna make a song about it, but he's gone. He's called it hit him up. Yeah, he's gone. You know, he's gonna say hit her up, you know, you know, because I've moved on.
Starting point is 00:37:49 That's what the name of the song's gonna be. Not hit him up. So is there anything that Will Smith can do aside from making a song like that? Imagine that. No, his song ain't gonna be that gangster. I'm back in Miami. I'm telling you.
Starting point is 00:38:00 Is there anything he can do aside from divorce and J. That's a regain his reputation nothing zero nothing zero nothing That's again remember it's my opinion no again nothing, but if you're counseling him you say listen buddy I know you've had a good run of Jada and time to cut it off and guys say one thing but you know you guys know what that was that that that Well lit production of him saying I'm sorry. That's the studios, that's his agent, that's his manager, that's his publicist saying, listen, you're not making the movies right now. I don't know if he is or not.
Starting point is 00:38:29 We're losing billions of fucking dollars because you're not the starring dude because, you know, I'll do some people, don't even wanna go see him right now. So that, do you see? Good point. I can see it. He couldn't get the next deal.
Starting point is 00:38:41 And now as publicist, it's like, we gotta do this. Yeah, because at the end of the day, it's going to be a list and a bunch of movie. They're not going to come. Everyone Tom Cruise had a weird moment and he gets into it, Matt Lauer on the pills. Matt, Matt, Matt. And then was it after that that he was jumping on Oprah's couch
Starting point is 00:38:57 and love? He was in love with, I think it was. Very close. First of all, Tom was right. He was right. Tom was right. I agree right. Tom was right. I agree with Tom was right. Of course he was right.
Starting point is 00:39:08 That interview. But let me go back to the point you just made. And you kind of given that point about the fact that the publicists are like, hey, what are you doing? You got to get the job set. Okay, there comes a time in your life where you're in the goat community. And this isn't everybody.
Starting point is 00:39:24 Only a few people get to say this, okay, in their space. We'll Smith is in the goat status of his space, you know, what he did. He's in the goat community of what he did, okay. Who gives a shit what your publicists say? Who cares what the fans say? Who cares what anybody says? Bro, you killed it, Doc.
Starting point is 00:39:44 Like what are you thinking about? Like, do you realize, forget all of us, forget everything, what the hell do you want to do? And are you happy inside? Make that decision. Stop listening to freaking publicists or anybody, including us, whatever we're saying, make it, he knows what the right decision is.
Starting point is 00:40:02 Make that decision and move on and stop acting because that's an act when he got up and made that video with Chris right? You're acting like, you know how they say you should never do arms and acting, it's acting like, like, you know, I mean, you're trying to be natural. You're not natural. We can tell you're not, you're acting
Starting point is 00:40:19 and it's very uncomfortable to even watch it. Take a break from everybody. Freaking, going out with monks for a month do something away from everybody and decide what you want to do because the world Loved the will who was will Nobody likes a guy that's acting like trying to be somebody else that the public is or the media or the market or Hollywood wants you to be No one's turned on by that. Nobody. Take a page out of this tape guy that's going viral. Why do you think he is going viral?
Starting point is 00:40:50 Cause he doesn't give a shit what you think. His background, I've never done business with this guy. I don't know what is back. Everybody's asking me about what about this and what about that and what about this. I think most of people in the world are pissed because I viral he's going and how much you know what he called it.
Starting point is 00:41:03 How much attention he's getting. How come I'm not getting the algorithms are favoring him. He's going and how much, you know, what do you call it? How much attention he's getting? How come I'm not getting it? The algorithms are favoring him. He's got a better strategy than you. Ask yourself, will, why is he doing so well? Why is he doing so well? He's an unapologetic badass that says what's on his mind. And it will smith needs.
Starting point is 00:41:16 But what do the algorithms and the world say? What do the algorithms and the world say? Keep it coming. The algorithms and the world says, that's exactly what we like. And we like it. Yeah, just exactly. You remember, you talked about Will Smith going
Starting point is 00:41:29 to hang out with Moss figuring it out. You remember the movie Austin Powers, I think it was two, where the whole theme of the movie was, I lost my mojo, I can't find the mojo. And he just went like on an escapade around the world to find the mojo. It's exactly what Will Smith is missing
Starting point is 00:41:45 He just like Will Smith had that sauce that like he's got something going on for a couple decades And now he's just lost his mojo That he's got to help him find it somebody edits that movie with his face on there. That'd be fucking I want to know everybody keeps talking about will is there anything they can do to save the kids? Nobody's talking about Jamie Willow. What do you mean, save the kids? Like, they're willow and save the kids. They're nuts.
Starting point is 00:42:11 They're crazy. They're lost. They're way out there far less. They're bonkers. Right. And they're sitting there watching this whole thing play out real time in front of the world. Right.
Starting point is 00:42:20 Your mom and your dad, this whole thing's playing out. Let's say, will the divorcees jada, right? Do you think he can salvage those, like I think the kids are gone. I think they're crazy. I think they've been screwed having to watch this whole thing play out, like how does this play out for them? Because nobody's talking about the kids.
Starting point is 00:42:38 They're not kids anymore. They're not exactly what I was gonna say. They're not four years old. 10 years old. My parents got divorced when I was 10, 11 years old. I don't know, how old were your parents when you, I was 20. Okay, so old. 10 years old. My parents got divorced when I was 10, 11 years old. I don't know how old were your parents when you, I was 20. Okay, so you were 20 years old when your parents got
Starting point is 00:42:50 a divorce? Yes. When you got the news how'd you react? About fucking time. Okay, we got. Yeah. When I got the divorce the day my sister graduated and I stayed up.
Starting point is 00:42:58 My father, my father passed away when I was 19, cancer. Yeah, it was just, I mean, technically it's kind of like a divorce. But they never got a divorce. They never got a divorce. They should. No. No, time no time your parents are obviously didn't get a divorce. Okay, so you know When you're 10-11 and you get the news you are devastated it plays a very important role Because you need a father figure so it's kind of like shit, not on having anybody that you know all that's it's a mess Okay, when you're at that age and it forces you to kind of figure yourself out
Starting point is 00:43:24 I saw my dad I didn't see my dad for a year and a half at the refugee camp. Not once. I talked him on the phone one time for a year and a half during that 18-month period. In the States, I saw him once every other week. He would come and pick me up at Virgil's and I would go spend a day with him, right? Once every other week for eight years, for six years. And then I joined the army. I don't seem for 20, half years and I come back and we live together. My dad and I, okay, to figure out a way to rekindle our relationship and then boom, we had a run until today he
Starting point is 00:43:49 lives with us and it's one of the best things decisions that we ever made. At that age, yes, at this age, you know, Tyler, you also got to know the following. You know the saying, whenever I go to a city and somebody's like from Barbados, it's like, hey, what is it like growing up in Barbados? I always love the answer they give. You know what's my favorite answer? I don't know anything different. So it's the only thing I know, right?
Starting point is 00:44:12 So when you're raised in a poor family, guess what's the only thing you know? Poor, poor. When you raise a middle income, when you're raising a divorce family, that's like when you raise with parents being together, that's all, you know, when you raise going to church, that's all, you know, when When you raised in Hollywood from day one
Starting point is 00:44:26 that you're born and your mom and your dad are famous, and everywhere they talk about them, they trade them royally, you don't know anything different. They're used to this. They're well trained people to live the life that they live. And for them, it's all art and creativity. They're gonna be okay. My concern isn't them.
Starting point is 00:44:42 They're gonna be fine. If they were messed up, they were messed up because of the first 10 years of the way they were raised, not because I had they're gonna be okay. My concern isn't them. They're gonna be fine. If they were messed up, they were messed up because the first 10 years of the way they were raised, not because I had they're gonna be raised to them. What do you think about Kanye's kids? I kind of get where you're pointing. I see Kanye West's kids right now. That's different. Yeah, because they're young. Yeah, that's different. Yeah, and they're acting like they're acting crazy, do right now. That's different. But believe it or not, Kanye has got, Kanye is in a strange way, he's teaching the right values and principles in a strange way.
Starting point is 00:45:07 It is what it is. Well, he's aligned with God. It's yeah, for sure. But number one, I just checked there, at Jaden Smith, it's 24 years old, Will Smith is 21. Like Pat said, it's from zero to 10 that really shapes you. And maybe it up until you're a teenager, but at this point, it is what it is.
Starting point is 00:45:23 I actually happen to think that the kids are very talented. Are they far left woke, whatever you want to kind of put on them politically? Sure. Have at it. But as far as talent goes, those kids are unquestionably talented. Jayden Smith has a song called The Icon that is classic, amazing, awesome song, regardless.
Starting point is 00:45:41 Will Smith, I think, I'd wait my head back, whatever head, when she was 14 years old, beyond talented. But to Pat's point, or your point, the younger you are, like Kanye's kids, those kids are going to have a very impressionable mind. Very, very, very good. That's a different story. That's a different story. But will bottom line, it's time for you to take a leap of faith and go on your own. Hey, quick moment, I know you guys are not sports guys, but Bill Russell passed away yesterday and the rest of the two days ago, Reston P's Bill Russell to won the grades of all time.
Starting point is 00:46:15 Some column the great, some put them in the top five, top 10 of the list. Eleven championships, was a coach, crushed it going up against Wilk Chamberlain for God knows how many years, and one of the most respectable guys in the entire sports A world NBA of course, but all sports everybody respect Brady commented on this guy everybody commented on him yesterday May he rest in peace if you judge Goats champion championships. He's unquestionably the greatest of all time. Yep. If that's how you judge Performers athletes performances, so all right. Let's go into a Nancy Pelosi's visit and the comments coming back from China and what that's looking Like okay, so
Starting point is 00:46:56 Nancy Pelosi to visit Taiwan despite warnings from China How Speaker Nancy Pelosi is planning to visit Taiwan with meeting scheduled with government officials on the self-ruled island that China claims as its own raising the prospect of increased tensions between US and China. People who Pelosi is planning to meet within Taiwan have been informed for imminent arrival. Though some details remain in flux, some of the Pelosi's meetings have been scheduled for Tuesday evening, but most are set for Wednesday, which include but aren't limited to Taiwanese government officials. Chinese president, Xi Jinping, warned Biden and a phone call Thursday that the US must not play with fire on Taiwan. Those who
Starting point is 00:47:35 play with fire will perish by it. It is hoped that the US will be clear-eyed about this. First of all, how do you feel about G-Cheng Peng telling the leader of the world, Joe Biden, to your plane with fire and those who play with fire will perish by it? It is hoped that the US will be clear. I'd about this direct threat direct threat. 100% 100% that's a threat. How do you feel about this? Direct threat. Direct threat. 100%. 100%. That's a threat. How do you feel about this? So first of all, how do you feel? What should Nancy do?
Starting point is 00:48:12 Should she still go? What do you think about the threat? And how should Biden handle this? I'm asking all those three different questions. I'll go to you first Adam and Adam and Adam. I'll come to you next. Look, let's just put politics aside. I don't care what side of the aisle you on.
Starting point is 00:48:28 This is the number three person in line for the presidency of the United States. I don't care if this is Nancy Pelosi. I don't care if this is who's the last Republican speaker of the house, Paul Ryan. And who is before that John Bayer? Yeah, whoever it is. If it representative represented the United States
Starting point is 00:48:45 wants to go visit Taiwan, a full on democracy, regardless of what China says, they should be able to go. And what kind of image or precedent with this set to the world if she was planning on making a visit? And Xi Jinping says, don't go, or you'll really piss us off, and they don't go or you'll really piss us off and they don't go.
Starting point is 00:49:07 What kind of precedent does that send to the rest of the world, or especially the United States here? Again, put politics aside. This is a representative of the United States of America. By the way, you know who's co-signing on a lot of telling her to go? A lot of Republicans. It's not just, forget it. A lot of Republicans were to go, a lot of Republicans. It's not just, forget it. 100% absolutely. Okay, a lot of Republicans are basically saying, we don't like what China is doing. This is an American issue, what's happening with China. China is our number one foe.
Starting point is 00:49:35 Some may call it an enemy, some may call it threats, whatever you want to label China, and credit to Donald Trump because he made China top of the list of our frame of reference for understanding what they're doing to our country. Who did? Trump. Yeah. Okay. So I applaud Nancy for going and if she let's see what kind of ramifications happen for this. I don't know what I will say. I don't know the reason that she's going. Is it a diplomatic mission? Is she there to speak with the Prime Minister? Is there an agenda there?
Starting point is 00:50:09 Is there a trade agreement? Is it talk about defense? The South China Sea? And the way I'm processing this? Whatever the reason, she has the right to go visit Taiwan, okay? So I'm totally cool with this and it'll send a message, It has the right to go visit Taiwan, okay? So I'm totally cool with this and it'll send a message, I think, a soft power message saying,
Starting point is 00:50:31 oh, you don't want us to do something, China? Go fuck yourself. I'll see you in Taiwan next week. That's my thoughts. Tom. Well, I think Z does not want any legitimization of Taiwan or any support for Taiwan. So he wants to block that at all costs.
Starting point is 00:50:48 And he is not testing the United States of America. He knows better. He is testing Joe Biden, period. He is testing Biden. And by the way, this trip with some of the agenda, this is a secretory state trip. This is not a speaker of the House trip. So if there's some reason for her to be there, there's some trade agreements, industry alignments, whatever it is, okay, I agree. If she wants to go go,
Starting point is 00:51:13 she's not like, you know, a small freshman congressman from Montana. She's the fricking speaker of the House representing the majority. And so she is absolutely legitimate to go. And I think what Z is doing, he is trying to draw this box around Taiwan with perception, with the UN, with everything else. I'm gonna do it, it's just a matter of when, and you gotta get good with this. That's what he's doing with all of his actions.
Starting point is 00:51:38 And he's testing Joe Biden, period. Do you think that phone call gets made to Donald J. Trump? Hell no. Hell no. Yeah, exactly. So, I thought you were going to say something else. Go ahead, Vinny. I got some thoughts. No, I want to hear your question. Okay, so here's what I would say. Number one, I hope she goes. Okay. and I hope she takes a stand and she goes. And whether it's a legacy move, she's 80 something right now and she wants to go on, you know, for her to, you know,
Starting point is 00:52:12 with you agree with a person or not politically, whether she wants to make her grandkids proud or to say my grandma had the audacity and the courage to go to Taiwan during the time, where she was threatened for her life, salute to your aspirations. 100% go 100% yet what's yours? I respect that. I want during the time where she was threatened for her life, salute to your aspirations. 100% go.
Starting point is 00:52:26 100% get what's yours. I respect that, especially in your 80s. I know people who are in their 60s that don't want to go 10 miles down to go sit down with somebody. This woman is willing to get on a plane in her 80s to go to Taiwan, would death threats behind it? Listen, agree or disagree, more power to you. Respect.
Starting point is 00:52:41 Okay, number two, let's talk foreign policy. Okay, for those of you that thought foreign policy, you know, you know how you You You're raising a family where there's food and there's bed and there's a roof above your head and you're like We didn't have this you know like people say Pat you never played organized sports your massive You're this unlike dude. I was working every day after school. I went straight to a hug and I was at a job. I had to figure out a way to make money.
Starting point is 00:53:08 We had no money. But dude, you were bodybuilding. I was, but I had to figure out a way to make money. Fine. But man, like, you grew up poor. Now, not by my side. I had a bet. My mom fed me.
Starting point is 00:53:19 Had a place to live. Never rained on our bet. Totally grateful for it. Very happy. Went to the army. Had the time of my life. Got out. Luckiest man alive to live in America. I our bed, totally grateful for it. Very happy. Went to the army, had the time of my life got out, luckiest man of life to live in America, I'm very happy, right? Okay, great. When for four years, nothing happens with foreign policy and you don't go to sleep with any threats, that's the best thing that happens when it does for you
Starting point is 00:53:40 to sit there and say, who the hell was threatening us with things like this? Okay. Do you know that phone call that Jeet Jink pink mate? You know who made that phone call three years ago? And everybody said Trump was getting close to the North Korea leader four years ago. You know what he told the North Korea leader? Do you guys remember what he told the North Korea you aimed down with fire and fury? In ways you've never seen before.
Starting point is 00:54:02 So Jeet Jink bank was field trained by Donald Trump. trained by Donald Trump so he took that script away from Trump and he used it on bite now why would he use it on bite now let me ask you question um you ever got into fight with somebody many times okay when you do get into fight with somebody and you feel pretty confident what do you tell the guy when you feel pretty confident i'm gonna whoop your ass okay well you say what say something feel pretty confident? I'm gonna whoop your ass. Okay, well you say what say something say something. Say something. I'm gonna whoop your ass. Okay, perfect. Yeah. Who will you not say that to? Some of that I don't think I can beat up. So for example, let's just say you're in a club and you're talking to a girl and GSB comes and starts talking to the same girl.
Starting point is 00:54:41 And I know it's GSB. And you know, it's GS What he does, I'm buying him a bottle. You say what? You say, listen, Mary, go for it. It's yours. I'm gay. I'm gay. I'm gay. GSB. Okay.
Starting point is 00:54:56 So the point is nobody makes, nobody, nobody makes threats to anybody unless if they know, they can want do what they're asked. And if you do, you do, like you think she would say something like that to a person that they don't think they can make that threat to. No. So that means he is very confident he can make that threat to a show by the public. I was just trying.
Starting point is 00:55:16 I don't think he says that to any of our last four presidents. Any of them. I don't think he says a tool, Bama. I don't think he says a tool. But I don't think you. For George Bush, because Cheney be like, can I blow him up? Can I blow him up?
Starting point is 00:55:26 Can I blow him up? That's all it is. That's all I need. It's a threat. Don't do a Bama on his face. So form policy. Get back in here. Hang on.
Starting point is 00:55:34 Now watch this. Now watch this. Now watch this. Take your top enemies. Everybody has enemies. You got haters. I'm not talking haters. I'm talking enemies.
Starting point is 00:55:43 Okay. So, imagine your top two biggest enemies at the top of the leader's bulletin. Take your biggest enemies in your life you ever had. Okay. Ever. Not haters, enemies, direct enemies that are taking market share away from you. One day you wake up with some of us experiences about two weeks ago, One day you wake up, you're top-to-winner meets you, not it. Oh, great. When you wake up, when you wake up and you're like, wait, what? Yeah, those two united. Holy shit. Okay, what did we do? Well, here's an article to read. And your general defected
Starting point is 00:56:19 exact like Voltron. So watch this here. This is an article today, yesterday, Russia is with you, Putin vows to back G in US row over Taiwan, visit. Now go a little lower, because I wanna read what the China's, there's a general all the way in the bottom, keep going lower, look for the general,
Starting point is 00:56:40 that's named Z, keep going, keep going, keep going, keep going, keep going, keep going. Oh, by the way, that's the video. Let them see that video, click on that and look what's turning. That's a name Z keep going keep going keep going keep going keep going keep going Oh, by the way, that's the video let them see that video click on that and look what's turning that's a Moscow Okay, hey We're with you that's in my wow, okay, we're with you. That's a red square. That is that is done Yes, we're with you. We got you don't worry about it We're doing what you're doing during the rendering message running around That's most cow ostaneco TV tower right now
Starting point is 00:57:01 rendering message running around. That's most now, Asta Niko TV tower right now. China, Russia is with you. Hardly can't happen without an official approval. Context needs no explanation, okay? So what are they saying? Now, if you go all the way to the bottom of the article above Pelosi's picture, right there,
Starting point is 00:57:17 Zao told a regular daily briefing, we would like to tell the United States, once again, that China's standing by the Chinese people's liberation army will never sit idly by and China will take resolute responses and strong countermeasures to defend its sovereignty and territorial integrity. Okay, so bring it back to us on the camera for us to be talking about this. All right, so Iran historically has had a reputation of
Starting point is 00:57:47 saying they're gonna do something and they don't to america if you do this we can do this if you do that we can do this like hey they took rassam sole money and what happened they bond the base that nobody was at the base exactly just to say we retaliated and we are gonna fight for a person now iran will take vengeance during their time but how long that could take?
Starting point is 00:58:05 We don't know. You remember the threats they made against Trump recently? No question about it. They said that they're trying to kidnap Trump, basically. Yeah, so I'm not making this up. I know, this is two weeks ago. Yeah, I know. But this is the part that gets me thinking with this one here.
Starting point is 00:58:18 There's a few things in life you have to be very careful with. If you have a reputationute to everybody in life at one point made a threat that they didn't deliver, everybody, you know, like, you know, you'll go to, I swear to God, I'm gonna blow this place up. You're just pissed off, you're probably gonna say, let me say that one more time, watch what I'm gonna do. I'll never come back for a can of ass.
Starting point is 00:58:39 You're gonna be like, this is great. Okay, but I tell you, if there is one thing, like Jennifer knows one thing, I tell you, like Jennifer knows one thing, if I say we'll never come back to this restaurant again, ask Jennifer for the last 15 years of her and I being together, look what she'll tell you. Just ask her.
Starting point is 00:58:57 You've never been back. Just ask what she'll tell you, okay, just ask. So I wanted to buy this, you can call it, whatever you want to call it, I wanted to buy the sushi restaurant because we were in Glando and they said, no, the person that we were in Grenada Hills, you know which restaurant I'm talking about, down the street from, don't necessarily say the name, but you're not going to. It's a sushi spot. It's a great place. Your private chopsticks.
Starting point is 00:59:17 Yeah. They had a sushi named after me. No, it's, it was 15 years ago. And I love this place. And I said, I would like to buy this place. And I'm sorry, we can only sell it to one of our, our kind. So what do you mean? I can't sell it to you because you're... Humans mean humans, you're kind human. No, no.
Starting point is 00:59:32 Ironian, they wanted somebody to buy that's, and she says it to my face. Wow. I said, I can't come back here, man. I just can't come back here, right? So restaurants. So she'll tell you, Pat, I can give you 20 restaurants that that happened to. I value service and I, because I give service,
Starting point is 00:59:47 I value service and return. Okay, you can call it whatever you want. I'm very comfortable on my own skin. This is who I am. I'm comfortable with this part. In life, if you make threats and you don't keep them, people eventually just know that you're a guy that just does a lot of talking.
Starting point is 01:00:04 No one is a hundred percent delivered under threats. Nobody's a hundred percent delivered under threats Nobody because if a hundred percent of threats were met We wouldn't be living today be army getting and this place wouldn't exist, okay? Thank God a hundred percent of threats have not been kept in the world just so you know, okay? Having said that if you come out this strong and your name is China, and you want to be the world leader, you cannot make a threat like this and not deliver.
Starting point is 01:00:34 Wow. Which means she has to know this, Biden has to know this. We have to be on alert and we have to know this isn't a small country saying this. This isn't a billionaire saying this. This is our number one enemy in the world who wants to take over US. They had a vision called made in China 2025.
Starting point is 01:01:00 It was by 2025. China wanted to be the ruler of the world. When they say this, you best believe behind closed doors, everybody needs to be ready for this. So now let's flip it. So let's just say there's, there's having calls behind closed doors. I wanna ask you guys a question and audience
Starting point is 01:01:18 for those of you that are listening to this, I wanna hear your thoughts in your commentary. Let's now flip it. There's a meaty. Generals are sitting there. And one of the general says, President Biden, Speaker Pelosi, you know, what's the RVP's name? Kamala Harris? Hey, nobody knows the VD. So, so if she's even into rooms, so let's just say, hey, we don't think
Starting point is 01:01:43 this is a good idea. And we don't think you need to make this trip. And we need to talk to the media about telling a different kind of a story that a health matter came up or something happened, but you cannot go to Taiwan right now because China's very serious. Now, if Pelosi pulls out of this visit to Taiwan, how do you process it yourself? That's the question. Z1 and we found a reason not to go. And a week administration let it go. How do you see it? Well, first of all, the fact that they own us, right? That's to them more than anything. You can't Japan is more than China. Japan is 1.1 trillion Chinese. But we're really close to right? But they, like, how many, just the threats, the fact that I think that we all, then we can't,
Starting point is 01:02:29 they're in charge, bro. You get, and so I use my question, new to a pet. So they threatened her just personally. They didn't threaten us just as a country. Like, they're going to be pulled back. They're all, they're all, they're, threat is very general. Their threat is actually not directed towards Pelosi.
Starting point is 01:02:41 My interpretation, English is my fifth language, but from my understanding, they're saying, if she shows up, she represents America, we have to retaliate, not to Pelosi, like they're not gonna go slash her tires, they're gonna retaliate to you, S. Those who play with fire will perish by this. Exactly.
Starting point is 01:02:58 And those, that's, that's, that's a, you know, that's a threat, but Pelosi doesn't go, how do you process it? She's gone. She's gone. I but Pelosi doesn't go, how do you process it? She's going. She's going. I'm 100% that she's going. I think she is going.
Starting point is 01:03:11 I think Herden Biden had a full-on conversation and they decided, yes, you are going. You are going to show strength and go to Taiwan and let's see what happens here. I don't think there's any question that the president Biden and Nancy Pelosi had a conversation and they process all the positives and negatives of doing this. And they decided, go for it. And I'm sure there's gonna be breaking news today that because she, I think she's on her way right now.
Starting point is 01:03:40 Are you aware of that? Yes, she's on her way. It's not like, well, maybe next week. But she's on her way. And this thing that's well, maybe next week. But she's on her way. And the thing that's not that was a, I thought they went and they have a refuel. And that's like, and I get what you're saying, pipette.
Starting point is 01:03:52 So you guys, okay, I understand, it's ballsy, it's showing a message. Is it worth, because if they, if they do step up to their threat, like you were just talking about, then what, we're willing to risk a war because there's 85 year old bitch wants to go to like Taiwan.
Starting point is 01:04:05 I don't think that we don't think that we don't. I don't think that we're careful. You may not like her, but she's not an 85 year old bitch. She is the speaker of the house. She is an American diplomat. We made this agree with her politically, but this is one of those times.
Starting point is 01:04:16 That's right, he's just silent, but she took me off one. But that's also something that is very important to understand. This is an American thing. And I'm not picking on you here. That's the type of mentality that is dividing America. Not you brother.
Starting point is 01:04:32 But like some 85 year old bitch. No, an American diplomat is going to Taiwan. Stop. To show strength. To show strength. Yeah. I think, care less about it. I'm not defending Nancy Pelosi.
Starting point is 01:04:44 I'm just going out a long time ago on this podcast is respect like, you know, that kind of stuff. Let's set that aside. He's using it with his language. Go back and point your back and say, when she missed it, I wasn't like some asshole went to the president of United States went to North Korea and stepped over the disengagement line. Okay.
Starting point is 01:05:03 Like at some point you have to put bipartisan politics aside and say, this is an American issue. This is not the, you're, you're, you're, you're, I think she's going and I think going. Yes, right now I'm looking at Bloomberg story. So you were checking. It's a Bloomberg policy poised to land in Taiwan as China rips provocative trip. Okay, and, okay.
Starting point is 01:05:19 And, and what do you think China's gonna do? They're gonna send out some worship. Well, who knows, but they're probably gonna fly some planes in the sky, like they're gonna send a message. But it's gonna be bluster. Yeah, well, just hopefully not a virus that comes out of a wet market that comes here. Let's just hope that doesn't happen.
Starting point is 01:05:36 I actually think that's a very valid point. Oh, then the sudden like, you know, COVID-19, you actually have a very valid point. Yeah, that's what it's saying. So is it worth her going there? Like what, like I just don't understand the urge, oh, just to make a message. That's a good question you're asking as well.
Starting point is 01:05:50 It is a fair question to ask. It doesn't mean, like, again, the one that when the press secretary was being interviewed, she said she's going for her own reasons. Like, what's his name said this? I tell you exactly who said this. Same Peter, John Pierre. No, no, no, I'm sorry you exactly who said this. Same Peter, John Pierre. No, no, no, I'm sorry, the guy said it.
Starting point is 01:06:07 The other guy's not John Kirby. No, well, because remember, the speaker for the Pentagon came out and said, we do not support Taiwan. Like, we do not support Taiwan as a, thank you as its own nation. Thank you. That's a big statement, by the way. So, I don't know,
Starting point is 01:06:21 just for Taiwan. Yes, Kirby, the speaker for the Pentagon. He said, we do not support Taiwan. Do you realize like, what the hell is going on? You know, if they said we do not support Taiwan. Just to be the speaker for the Pentagon. He said, we do not support Taiwan. Do you realize like what the hell is going on? You know if they say we do not support Taiwan, what's next? Like imagine them coming out and saying, we do not support Israel. What do we do not support Taiwan?
Starting point is 01:06:34 We do not support Israel. We do not support. So this is a slippery slope on what could potentially happen next because you're bowing down and you're afraid. Now, give me your percentage of China. This goes based on the question he asked because again, this is dialogue here that we're having. So go to what is the likelihood of China retaliating and I'm going to ask the question the following way. What is the likelihood of China retaliating immediately versus China retaliating long-term?
Starting point is 01:07:06 So, if you were to say 10% they retaliate immediately, 90% chance they do something long-term. What would you say those percentages are? I actually agree with those. I don't think anything short-term is going to happen. I don't think there's going to be any hot war. Yeah, I mean, and remember, how they retaliate, you were in a There are three fronts to the alternative war conventional war is always last and conventional war has got conventional war and then conventional nuclear war those are last then you have you know tech war right
Starting point is 01:07:38 cyber, you know exactly all the cyber things you can do second you have bio And then you have economic. And those are the three fronts in the new war. And what we really haven't seen is bio. But if you listen to any of the Pentagon speakers that talk about the modern threat matrix, bio is out there because it's one of the most easiest to deploy. And you would wait, you know, as they said, long ago, revenge
Starting point is 01:08:05 is a meal best serve cold to avoid, you know, to avoid another retaliation against you. And so that's, that's a front, whether it's cyber or it's bio or economic, I think China's going to retaliate. Does a virus fall under bio? Yes. Okay. So when Joe Biden goes, a second pandemic is definitely coming. This is a type of shit that makes another pandemic just randomly having Pat and just to clarify.
Starting point is 01:08:27 You know, like, you know, some people throw away the word, hey, bitch, bitch, bitch, when you see Nancy Pelosi on stage, you're the state of union with Trump, ripping, you know, speeches. When she talks to reporters, she acts like a bitch when somebody goes, hey, you're insider, do you ever give your, you know, your husband information at whatever she walks away?
Starting point is 01:08:44 And I was in her office. Anybody that whips and handcuffs her husband to me is a bitch, but we don't have that kind of experience. You've been in the office. I'll send her off. So you're going to help. To your point, if those are the three criteria for war, after the three more, more, exactly forms of war before a hot war. Okay.
Starting point is 01:09:04 And you said for conventional war, which is three more, more exactly forms of war before a hot war. Okay. And you said for conventional war, which is correct, easy to end up in a, in a stalemate. So you see Ukraine. Here's my, exactly. Here's my question for the biz doc. You said economic, you said bio and you said cyber. Correct.
Starting point is 01:09:19 Aren't we already in a full on those three prog war with China? We're in an economic warfare with them right now. Bio, we talked about COVID. I mean, that's, they've created war on the world. You know, I'm not even being PC here. It came from China. Still haven't seen it. I'm gonna help them account.
Starting point is 01:09:37 Right, and I'm gonna help them account. And as far as, what was the third? Cyber. Tech cyber, we've been dealing with China cyber hacking. Actually, for years now so Whether you want to define it as a war or not Those are three things that we're already dealing with in China especially the economic side of things Oh, I recently now bio and cyber has been going on for a while. So you know news flash where do you war with China?
Starting point is 01:10:02 correct And what they're talking about is elevated spikes of really damaging intensity. Guys, Reuters story just came up. Can you pull that up, please? This one here? Yeah, exactly. The one I just sent.
Starting point is 01:10:14 You pulled that up at the same time? That's crazy. I just texted to you. Chinese war planes take to skies. This just was given nine minutes ago, guys. This just went up a few minutes ago. US warships unmoved before expected Pelosi visit to Taiwan. Well, and they're all-
Starting point is 01:10:30 But they're buzzing the straight. They're not in the airspace. You see, buzzing the straight, that's been the Chinese thing. They roll in armored vehicles down the- Like, they- I don't think we're jumping you off. Evacuate and get home. People in bathing suits are just making room for the tanks.
Starting point is 01:10:44 Look at this. That's hilarious. Latest just circulating on Chinese social media. We chat shows What is that armored vehicles on the move in southern Chinese city of Shaman I think there's lots of show like they had a big parade You know showing their you know the soldiers and so they they put I mean you never know right? I mean this could be on the onion right it's like all like, all right, so Chinese citizens bottom on that. You okay with this move? Are we going to Taiwan? Well, we'll know in an hour.
Starting point is 01:11:09 Yeah. I'm not joking. I mean, this is, yeah. Am I okay with it? Let's ask a question in different way. Oh, interesting. For the website of gun and Taiwan, also suffer the brief outage Tuesday due to cyber attack.
Starting point is 01:11:24 We're, I don't think people would realize serious stuff this so like this we can do something bigger Yes I'll tell you what would you say? No, I just I don't think people realize how deeply entrenched and how powerful the Chinese are like this isn't We shouldn't be worried about the warplanes and the warships and the armored vehicles no They can take down whatever they want to take down at a minute's notice. They can literally stop the economy. So can we though? They export. No, we are so reliant on China. They think we have the power that can. No, no. You don't think this administration? No, under under a person that's willing to put sanctions and play aggressive. Yes, you can't, a Biden cannot play, he cannot play those games. His personality is not that personality, bro.
Starting point is 01:12:09 But that's different from capabilities of what the United States can, how this all be the most dominant center in the league and all of a sudden get pissed off like Shaq and go throw on his weight? No, it's a different style, right? Pows a different style than Shaq. But that's different,
Starting point is 01:12:24 that's my question is capabilities. You know, the Pentagon, regardless, still has the same exact capabilities. There's then they do under Obama, Bush, the word, the word, the word, capabilities is one thing. The other one is when a nation has been buying people up for decades and playing their politics game better than anybody else and getting so many the major corporation relying on them to produce
Starting point is 01:12:52 their products, their chips, everything, air conditioning, so many, we can go that, you know, there's, we don't need to, it's like a, we can do this, yeah, so all of this stuff that they produce, yeah, no, it's the other way around. So Respect to her for going. I'm not sure if the timing is a good timing. Why? Because you what this is interpretation. Say we have nothing. Say we're not say we the pick a country That's got nothing to do with what's going on right now and they're by themselves pick a country country. New Zealand. New Zealand. Okay. I'll just see. They're just like sitting in New Zealand. There's a podcast in New Zealand. What was that? Was it me? Oh, shit. Okay. Say we got a podcast in New Zealand. And New Zealand's like, Oh, shit, what's going on? You know, what's going on over there with the US China, all this other stuff. Here's what they're going to be saying. So let me get to straight. First you go after Ukraine and put and told you don't and you guys try to get NATO to get close. So Ukraine could be in there on my southern border and I told you don't do it because you
Starting point is 01:13:54 want to have a better relationship with me. And then you go after Taiwan. What the hell you guys doing? What did you say two days ago with you and Chris? We don't need to tell the whole story, but there was a one of your girlfriends and you said the two big business You know what I'm talking about it. It was a business arrangement, right? But why was it a business arrangement? It's a revenge business arrangement. Yeah, we got to get even right? Let's not get him. I'm not gonna get him. I'm not gonna get into the story
Starting point is 01:14:20 But the point is we got to get even right? Okay, fair You don't think China and Russia are saying we got to get even though I don't think timing was good. I think timing is a bit off of her, if it's for her legacy, whatever she goes, they do whatever they do, she'll be able to write that in her book. But I think while Ukraine and Russia is still going on and then you do it then, while Ukraine and Russia is still going on, and then you do it then? I don't know. I just don't know if I'm sequencing is key. I think this is out of whack sequencing.
Starting point is 01:14:51 That's all I'm thinking about. Well, I think this raises a bigger question. Do we support Taiwanese independence? Do we support Taiwan as a sovereign country? What do you mean do we support that? For years we've been saying yes, all of a sudden you want to change it, yes did I say no?
Starting point is 01:15:04 That's what I'm saying. Kirby came out and said no, we don't. But I believe Taiwan is very different than you can. Ukraine, I believe Taiwan is a serious ally. I believe their exports are monumentally important to the U.S. You can make it, like I'm asking somebody to make a case. Some of my conductors are talking about. Some of my conductors.
Starting point is 01:15:19 Some of my conductors exactly. Like it's absurd amount of same conductors as a export. And now imagine they stop exporting them. Everything stops. Technology ends. No more cars, no more computers, no more frictions. Let's go to any different direction with that. Imagine if China is controlling all of that.
Starting point is 01:15:34 And people have been concerned about 5G. I'm not talking about the conspiracy theorists talking about health. I'm talking about all of the 5G networks have been built with Chinese components that people have been concerned about embedded technology in those components that can route data back. And if you think that TikTok is bad, with bite dance and things going on there, and Joe
Starting point is 01:15:58 Rogan said, yeah, the fine print just says, all your data and all your piece of smoking is going to China. Every. find princesses all your data and all your keystroking is going to China. So if you think that's bag 5G's bad, imagine if they control 80% of the world's semi-conductor production. You don't think infiltration is easy and you don't think it's a whole different level of espionage, whole different level. Yeah, I mean, it's wild. So again, this is why 75% market share of semiconductor products.
Starting point is 01:16:27 Yeah, it's got to be close to 80, right? Yeah, it's crazy. And this is why people were working so hard to make the case for don't send $50 billion to Ukraine. Don't make Russian enemy where we don't have to. We didn't, Russia saying we have your back China was, it could have been prevented. We could have had Russia,
Starting point is 01:16:45 the enemy, if my enemy is my friend. Russia and China were never meant to be allies. They oppose each other, and they always will oppose each other when it comes down to it. But all we're doing is pushing Ukraine. Why do they oppose each other? I know that there are on each other's border
Starting point is 01:16:59 and they've had some longstanding issues. Because China wants to do so. I feel like we push them into each other's arms for decades now. We have. Okay China wants to do so. I feel like we push them into each other's arms for decades now. We have. Okay. This is anything new. No, but China sees Russia as its helpful nephew,
Starting point is 01:17:12 not its son. That China sees Russia as its nephew? Yes, a helpful nephew, right? Not as their son, not as blood. They see it as, they're gonna help me out They're using ever played. There's an old old board game. It's really good That's how to surge in popularity called diplomacy and if you've ever played that game and everybody in the chat is played that game That's what's going on right now, right China is using Russia as this helpful force. That's what's going on here
Starting point is 01:17:43 period China's using Russia as a helpful helpful force. Yeah. Like a helpful diplomatic force. And by the way, Russia's got tons of energy. China's got to get energy from somebody. That's one thing China doesn't have. Right? Of all the things that China has, it does not have the ability with its size and scale to truly be energy independent. So it's got gotta have energy allies. Period. Enter Russia.
Starting point is 01:18:09 And Russia is Russia's biggest energy. Oh yeah. Yeah, and Russia is basically, you look at German economy. They were worried that an ongoing conflict could result in natural gas shortages for two consecutive winners. So Germany was very concerned about what was going on in Ukraine and not from a political
Starting point is 01:18:31 standpoint, but from a, from a, just that, you know, that the ability to have the energy to power Germany through the winter. Interesting. But also, I mean, you're familiar with what the quad is? The quad? The quad? So basically, there's an alliance between United States of America, Japan, Australia, and India.
Starting point is 01:18:54 I thought of this because you brought up New Zealand, because as you were like, New Zealand does everything to do with this. I think of New Zealand as like a little nephew to Australia. They've created something called the Quad to basically deal with China's influence in the South China Sea. So there's a defense mechanism against China out there.
Starting point is 01:19:13 So I think the question remains here is what do we do about the China problem? Do we tell them, you know, we'll do what they say. We don't take a stand against them. We're scared of their rhetoric. We don't take a stand against them. We're scared of their rhetoric. We don't do something. It's, this is the question that is gonna be, basically we're gonna have to answer
Starting point is 01:19:31 for the next decades that come. Russia, on the other hand, I mean, how many other countries other than the United States are supporting Ukraine? They're majority of them now. A lot of countries, right? It's not just the United States. I think the people, people for, you know, that are not just the United States I think the people people for you know
Starting point is 01:19:45 that are not familiar but basically everyone in the EU has supported them by one way or another absolutely and we just said them what 500 how much do we send you yesterday 500 million we've sent a good large chunk of it let me read a couple comment here as provided funds first let me read a couple comments here super chats Anas, China has US by the balls. They do, they own our tech, have backdoor to it and their army is strong. Our army does not know their gender. We the American people don't want to war,
Starting point is 01:20:17 let the politicians, kids, and them go. Vince said, we're in the end of days, prepare your hearts. Jesus Christ is our Lord. Okay, great. Thank you Vince. Thank you for that. Okay, Scott Rodriguez. Love this podcast seriously. Best podcast on YouTube. Scott you're a man. Scott Edward Snowden said we can shut any country down with a click of a mouse. Paul is back. This administration is tone deaf horrible instincts. People don't have enough to Like a Trump, but at least his instincts work tuned in. Tom you got it wrong with bricks Drop US dollar America has been oppressing the world since 1991 Russia and China want to bring down the dollar and replace it with metals like gold copper and lithium
Starting point is 01:20:57 What do you think about that? That's part of the economic war right That's part of the economic war, right? I think that's what he's talking about. And then Vince said, Silver and Gold are the only real minds left. I own $500,000 worth and I hold it in my home. Don't fool yourself, prepare now. Vince, make sure that doesn't target your house and people won't know where you're at. What's your address?
Starting point is 01:21:18 What's your address exactly? Come over for a million dollars. I'll give you my address. But the local gang, I thought you were some old, baby. Yeah, well, the first comment about how our military doesn't know if they're a man and woman, I think that's a hyperbolic, yes, there is a little, little tiny problem going on.
Starting point is 01:21:39 I don't think it's as bad. I think the people in the military, I have utmost respect for our military community, and I think it's a disservice to be like, they're all woke and they're transgender, all of it, like you've served in the military, you've served in the military. Yeah, that's, he's got a point though.
Starting point is 01:21:56 The guys doing the work may not, but the guys at the top are being too woke and too diplomatic and military, there's a few things that shouldn't be diplomatic. Okay. Military should be, we're the military. That's it. Leave us alone, get the hell out of here. You know, let us play the world that we play. You guys go play the business game, the money game, the whatever stuff that you guys do. Let us do the war game. And then if you want to find out, come and join us.
Starting point is 01:22:21 You know, see if you can handle this or not, but let us be, you do not want your military to be extremely sensitive walking on the excels. That's the last thing you want, like the last thing you want, right? And there's a few other places you don't want that to be the case. So there is a part of the comedy he's making that he's right. We're trying to please too many people, China could care less about what you think about him. Get in line, get an order. This is the formation you're fighting for your country. America's the enemy, protect it. That's what matters.
Starting point is 01:22:48 Let's make sure China becomes the greatest country in the world by 2025. That's their vision. America's like, well, look, yes. You know, this whole concept about America's the greatest country in the world, we don't know. Maybe it is somewhere else. Maybe it's Chile, you know.
Starting point is 01:23:02 Maybe it is China. Maybe it is, oh my gosh, stop it. There's power in affirmations and China's winning the affirmation game right now with their own people. America's not winning the affirmation game right now. Do you know what I mean by the affirmation game? Yeah, of course. Yeah, words of powers, what you're saying. Words have a lot of limiting beliefs, limiting beliefs. Absolutely. Okay, so monkeypox, let's talk about this. Interesting, it's, you know, some thought it wasn't gonna get a lot of attention,
Starting point is 01:23:28 some are saying it is getting attention. Also, New York City officials, the clear monkeypox of public health emergency, this is an MSN story, New York City officials, the clear monkeypox of public health emergency on Saturday, in an effort to respond more efficiency, efficiently to the current outbreak, which may begin in May, which began in May,
Starting point is 01:23:43 San Francisco was a first US city to declare a state of emergency to combat the monkeypox outbreak last week in a joint statement, New York City mayor Eric Adams and Dr. Ashwin Vasan, Commissioner of the City Health and Mental Hygiene Department, said that New York is currently the epicenter of the monkeypox outbreak in the US and the estimate that about approximately 150,000 New Yorkers may currently be at risk of them by the only 50 out of 100 cases. What are they talking about? Yeah.
Starting point is 01:24:08 Both officials also said that the outbreak must be met with urgency, action and resources, but nationally and globally and that the declaration reflected the seriousness of the moment. As of August 1st, the New York City Health Department has reported 1472 cases of monkey pox. I heard a couple of things this morning when I was listening to the news. First of all, they only have 300 and I think 50 vaccines available for it. It doesn't kill you.
Starting point is 01:24:33 And it's only really, really rampant in the gay community, which I don't even know how, like it just popped out of nowhere. The guy was like, it's not like an age, it's not gonna kill anybody. So it's not like, it shouldn't be like, oh my God, but they have limited amount of vaccines for this even though we do have some and there's like one small is it Dutch may maybe get that wrong one small Dutch company. That's actually that makes it has a marketed
Starting point is 01:24:57 The chat can correct me or tell or you can look that up But I think there's only one small Dutch company that's making the vaccine. Oh really? I got to tell you we're gonna invest in that on them. Thomas gets good on that. I don't call it like or you can look that up, but I think there's only one small Dutch company that's making the vaccine. Oh, really? I gotta tell ya, we're gonna invest in that, and then, Thomas can get on that. I don't call it like COVID fatigue, whatever. Like, I'm hearing about, I'm just like, I don't got, no, ain't nobody got no time
Starting point is 01:25:16 for your monkeypox. And you gotta, I ain't gotta go to the fucking zoo. I don't gotta, yeah, I'm not dealing with smallpox, monkeypox. Yeah, I'm done. I'm not dealing with twopox. I'm done. I'm dealing with, I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox.
Starting point is 01:25:28 I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox.
Starting point is 01:25:36 I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox.
Starting point is 01:25:44 I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing with two pox. I'm not dealing But he was just like, yeah, man, I just, you know, I was at a, it was a weird story. He's like, I was at a, I don't want, I'm not trying to be funny. He's not like at a sexual or a g-sat situation. He goes, you know, I was making a little bunch of guys, and I got in, and then he goes like, eight other guys in the place, God, and he goes, I got in. All guys, it's really, can you, can you pull up the article?
Starting point is 01:25:59 Well, yeah, I was gonna show you this. These are the vaccine requirements in New York City. You can only be vaccinated if you meet the following conditions, gay, bisexual or other men who are sex with men. 18 or older have had multiple or anonymous sex partners in the last 14 days. You should consider getting vaccinated if you met partners through online applications such as Grindr Tinder or have a condition that may increase your risk for severe death if infected with monkeypox, such as HIV.
Starting point is 01:26:23 Is there a phone number for this? Why is this a public emergency? Like maybe in New York, I get it. But you're gonna see. I think you're gonna pull up that article, please. I just said, this is not seem I'm paying attention to, but this seems to be running rampant in the gay community. Is that what's going on?
Starting point is 01:26:36 Yeah, specifically, man. Yeah, which is kind of, I don't even know how it comes out. You guys, here's a CMP. When's the last time you would expect CMP? Show the logo at the top left so they know who, this is a CMPC story. World Health Organization recommends gay and bisexual men limit sexual partners
Starting point is 01:26:53 to reduce to spread of monkeypox. Zoom in a little bit to read some of this. Zoom in a little bit to read some of this. Men who have sex with men are the highest risk of infection right now for monkeypox. About 99% of cases are among men and at least 95% of those patients are men who are having sex with other are the highest risk of infection right now for monkeypox. About 99% of cases are among men and at least 95% of those patients are men who are having
Starting point is 01:27:06 sex with other men according to World Health Organization Tedros said men who have sex with men should consider limiting their sexual partners to lower their risk of infection reduced their spread. The World Health Organization chief called on media public health authorities and government to fight stigma and discrimination, which he you said will only fuel the outbreak. Well, there goes my weekend. This guy. Just messing up.
Starting point is 01:27:29 But yo, it just came out of nowhere, huh? But notice how they were trying to make it like it was another pandemic. No. It's not, bro. It's only targeting a certain group. Can you scroll back at that? It's a 99% of cases are with our men looking up with men. The scroll.
Starting point is 01:27:44 It's guys. Yeah, I mean, I'm not even being sarcastic. I'm not being like, if you're a gay man, and this is what you're dealing, and this is that you should be concerned. Yeah, 100%. And I implore you to act accordingly. Yeah, okay. Nobody wants anybody to get sick,
Starting point is 01:27:58 nobody wants to get these diseases. You're at risk. For the other, you know, rest of us, carry out. Exactly. Keep your calm and carry out. You're good. Oh my God. All right.
Starting point is 01:28:14 All right. This is not, what, what, what, what? No. You're gonna have to address what that frustration was. Yeah, please, I was a deep tomboy. It's like, I'm tired. I don't wanna hear anymore, but, okay, there's something else.
Starting point is 01:28:23 Like, what, I'm like, I'm like, reveal what the frustration was. No, I'm not going to, but it want to hear anymore, but okay, there's something else like what I'm like Reveal what the frustration is. I'm not going to but it's it's it's it's It's a little bit too much right now, and this is just ridiculous. What what they're doing the topic the topic in common sense and walking on X-shells is out of control Today of what people have to I can't even believe what I just read right now is what I'm reading. Like this has become normal. But hey, at least we can identify what a man is.
Starting point is 01:28:50 Yeah, I mean, I'm not even going in that direction, but it's like, yeah. Let's just go to this other story about very, very, very, very, very, very, very, very, Pat is very, very, very, very, very, very, Pat is very, very, very, a lot per word. And the brain, monkey wrench, great, great play out words. Monkey wrench or the monkey potter?
Starting point is 01:29:12 No, I got a lot to say. Yeah. But I'm not gonna say nothing, but I got a lot to say, and I'm not gonna say nothing in this topic here. You just, we just read it for you, now you're informed, good for you, make the right decision, folks. Okay, be smart.
Starting point is 01:29:23 All right, Schumer, let's talk about the the mansion mansion says Republicans and normal times will be supporting energy Helping health care bill. This is a CNN story Democrats and under no mansion argued Sunday that Republicans would in normal time support and energy and health care bill He recently negotiated with lead with leaders of the party. I think it's great to piece of legislation and on normal times my Republican colleagues would have been Something such as this we We basically pay down the debt, which is what they want. We've accelerated permitting, which is what they want. And we've increased production of energy, which is what they want. We've done things that we should be doing together.
Starting point is 01:29:55 Mention also defended a prohibition and a bill that would impose a 15% minimum tax on certain corporations. These are the bigger corporations out there. And they said taxes won't be going up, but I think it is going up. Schumer mentioned, deal raises taxes on earners under $400,000. The energy and healthcare bill from mansion and Schumer would raise taxes on millions of Americans
Starting point is 01:30:15 earning less than $400,000 annually. Senator Republican says, citing nonpartisan data, the Congressional Joint Committee on Taxation, found that taxes would jump by $16.7 billion on American payers making less than $200,000. In 2023, and raised another $14.1 billion on taxpayers who make between $200,000 to $500,000. During the 10-year window, the average tax rate would go up for most American categories by 2031. New energy credits and subsidies would have people earning less than $400,000
Starting point is 01:30:50 Pay as much as two thirds of the additional tax revenue collected this year the measure would raise 739 billion dollars of a 10 year span with much of money coming from a 15% corporate minimum tax rate Okay, what are your thoughts on this would mention? Well, just goes to show that Joe mentioned controls the United States right now, okay? He shot down just goes to show that Joe mentioned controls the United States right now. Okay. He shot down Biden's build back better deal, that $2 trillion proposed bill that went nowhere. And him and Chuck Schumer behind closed doors worked this out. So it's basically a skinny down version of the build back better deal. And listen, whether you like it or not,
Starting point is 01:31:26 this is a win for the Biden administration, okay? Biden's had a pretty good week, despite having COVID twice in the past two weeks, killed the, what's it, someone been laudin' this number two guy while he's here. You should get sick and do nothing more often. Hey, exactly. So, you know, I'm a big fan of Joe Manchin
Starting point is 01:31:45 and, you know, what do they say, killers move in silence? And he's a straight killer. He's the type of person that we need more of in this country, willing to work behind closed doors and put your partisan aside. I've always said this and I'll say it again, any Democrat that can consistently get elected
Starting point is 01:32:03 in the redest state in the country, watch what that man is doing. There's some magic to mention, and he did it again. Tom. I think this is an old school bill. If you read your history, old school congress used to always ask, how are you going to pay for that? How are you going to pay for that, right? How are you going to pay for that? Because the automatic just flopping over and impaling the national debt with more debt wasn't automatic. They
Starting point is 01:32:32 took great care in there and they took great care about raising the debt ceiling. They weren't so lost they fair about it where they debate, threaten to shut down the government for three weeks and then they raise a debt ceiling anyway. This is an old school bill, and he's to pay for these things, we need these things. And I think the bill was kind of balanced because there was a corporate tax on it and there's also a change to income tax. So he's like, everybody needs to pay for this.
Starting point is 01:32:59 And I think that's probably how Schumer, that's probably the tax for everybody is how Manson agreed to it, because Schumer's not a tax guy. Schumer just wants the program spending that's in it. And he mentioned, it's like, hey, we get to adjust it with taxes so that this thing kind of pays for itself.
Starting point is 01:33:19 That's twice. So it's like, that's what I think about it. I think it's a school bill where they're actually, they're actually being responsible, PPD, where they're like, Hey, we got some programs over here and people are going to pay for it. You know what I like? So wealthy, they taxed everybody, including corporates. You know what I like about what Brick or asked him. He said, well, what are you going to do if they come back and they do this and they
Starting point is 01:33:40 do that and they do this? It's well, let me tell you what I told President Biden about this bill. If you have to keep your word and I have to keep my word, if they do that and they do this as well. Let me tell you what I told President Biden about this bill. If you have to keep your word and I have to keep my word, if they do their part and I do my part, everything's going to be fine. But if they don't, I've shown my track record that I'm not going to vote on certain things. So they have to do their part and keep their word. I thought it was pretty impressive that he publicly also put it out there that, hey, you play too much politics.
Starting point is 01:34:03 I'm not playing the games when it comes onto these sets of policies, Vinnie. While you read that, all that kept hitting me is because I'm the under 400,000. I'm under the 200,000. It just keeps going up, right? It's saying it's going to go up and then it's going to go back to 2022. They're going to raise it another 14 billion, another 10-year window. It's going to go up and so everybody that's under 400,000 is just going to begin tax over and over and over and over and over. That's all I'm seeing is that it's not just the rich. Now they're gonna tax your shit out of everybody. It's a 16.7 billion dollar American taxpayers
Starting point is 01:34:36 making less than 200,000 orders in 2023. Yeah, so, oh, go ahead, sorry. 16.7 billion is money. It is, they're being taxed. 16.7 billion is money. It is, there being tax. There's no question about it. How much, you know, very minimal, but you're gonna be, your taxes went up. We're not, okay.
Starting point is 01:34:52 If, at number one, if it passes, we've all learned that there's a big if, but let me just read, this is called the inflation reduction act of 2022. The big winner right here is that 15% corporate tax. I know you're not necessarily a big fan of that, I assume. But polling states, I don't know the number, I think 70% of Americans agree with that.
Starting point is 01:35:12 Inflation Reduction Act of 2022, $369 billion for energy security and climate change. So for the greenies out there, that's a big deal for you. Reduce carbon emissions by 40% by 2030 Medicare to negotiate drug prices. I think there's a 90 deal for you. Reduce carbon emissions by 40% by 2030 Medicare to negotiate drug prices. I think there's a 90% agreement in this country that drug prices should go down. So that's a big win right there.
Starting point is 01:35:35 Extending Obamacare subsidies, what have you, and then a 15% corporate minimum tax. And then there was one more that I think is, let me see if I can find it real quick. Oh, the IRS funding of the tax police. Okay, that's how they're going to basically, essentially a lot of these big corporations who have been scurrying these loopholes, they're the ones who are going to be paying the grunt of this. If you just want to use sheer numbers right here, 740 billion is gonna be from the corporations.
Starting point is 01:36:05 16 billion by American taxpayers here. So the big dogs, the Amazon's of the world, the fang stocks that we talked about, the tech sector, they're the ones paying this bill. What do you think's gonna happen when they raise? What is, would you say, 740 billion by corporations? Yeah. What do you think those corporations are gonna do?
Starting point is 01:36:23 They're gonna raise their prices. Raise their prices. The American taxpayers paying for this, so the American taxpayers paying for this any way you slice it Mm-hmm, like any way you cut it's the American taxpayers paying double the two ways raising prices and lay it off people Yeah, that's what happens like I like I Price and lay it off their parts of this that I think are absolutely a win for the Biden administration but 369 billion dollars to climate change What would you spend? Nothing. Okay.
Starting point is 01:36:47 Absolutely nothing right now. Zero. Zero. I would fix the problems that matter. The economy as it stands right now. So you're basically saying that climate change doesn't matter. Right now? That's cool.
Starting point is 01:36:57 I don't believe climate change is America's biggest worry right now. I don't think that's... I mean, today, as it's... I think there's three patients that just rolled into the emergency room. They got a climate change guy they've been working on. You got guys just had a heart attack. The heart attack is the economy. You got to fix a heart attack guy.
Starting point is 01:37:12 You're not ignoring the climate change guy, but the guy you got to get after is the guy with the heart attack. That's the economy. I agree. It's not it's not like I don't think it's binary and I don't think people are saying it's binary. I'm not saying it's binary, but I'm not But I'm not a climate freak, but I agree that it's good if we change what we're putting into the water in the air over time.
Starting point is 01:37:31 I agree with that, but I'm not a climate freak. Hey, let's talk about what's going on with Fox News and Trump. Okay, so very interesting story that's been talked about by a lot of different people. I don't know how much credibility there's behind this, but you're seeing some of it. Fox News owner, Rubber Murdock, is cooling on Donald Trump reports say, Amid wider signs of this content, this is an insider story.
Starting point is 01:37:55 Murdock has lost his enthusiasm for Trump, the Washington Post reported Sunday, citing several associative of Murdock. The post said that Murdock's enthusiasm was was ebbing away driven partly by the congressional hearing on the January 6th right at the U.S. Capitol. A shift in Murdoch's favor long-seen reflected in approving coverages from outlets like Fox News and a New York Post could be unwelcome should Trump choose to run for President 2020. For the post cited its sources, as signs appeared of a turn against Trump
Starting point is 01:38:25 in the wake of generous adhering, both New York Post and Wall Street Journal published scabbling editorial admonishing, Trump's behavior spokesman for News Corp, the umbrella company for several of Murdoch's businesses declined to comment on the report. So, do you think this is real, or do you think this is another propaganda market
Starting point is 01:38:43 is creating to say that his own people are turning against him? Adam. No, I think turning against him. Go ahead, Tom. Go ahead, Tom. I think turning against him is a stronger word than what's really happening. Lost their enthusiasm. I could see them.
Starting point is 01:38:57 It's like, come on, dude. Let's tone it down a little bit. I mean, I could see Murdoch taking that and that it is true that those, remember, editorial is the opinion of the editor of the paper. That is like the president of the paper representing it. So when they write an editorial, not an article, about a January 6th and about other behaviors, that's the paper speaking and that's the paper zone
Starting point is 01:39:20 or speaking. So that interpretation, I think, is correct. Yeah, I think, well, number one, Trump got elected because of his masterful use of social media. I mean, there's a laundry list. He was a troll. I'm not, okay, sure.
Starting point is 01:39:37 That's the personality side of things, no doubt. But he was a master of marketing. Like Trump, don't like Trump, you know, you have to be willing to acknowledge the fact that the guy is a master of marketing. Like Trump, don't like Trump, you know, you have to be willing to acknowledge the fact that the guy is a master marketer. And what he was able to do on Twitter and social media and Facebook and ads and all that, but now he doesn't have any of that.
Starting point is 01:39:56 He's off of Twitter. Correct me if I'm wrong. He's still banned? He's still banned. Oh shit. Elon Musk did not buy Twitter. You know, I don't want to break the news to anybody. That's still illegal proceedings. He's not on Twitter. You know, I don't want to break the news to anybody. That's still illegal proceedings.
Starting point is 01:40:06 He's not on YouTube. You put up something with Trump on YouTube. That thing gets taken down. We saw what happened with the Nell Boys interview. He's not on YouTube. You know, he's not on Facebook. He doesn't have truth social. Exactly.
Starting point is 01:40:19 And if you're in that truth social siphon, you know, you're going to believe whatever Trump says anyway. You love him. Exactly. So now, you're gonna believe whatever Trump says anyway. And you're exactly. So now, so we all know where where Trump stands with big tech, he's off of it basically. But now, in terms of legacy media, mainstream media, if Fox News owned by the Murdoch family is basically saying, and I'm just taking this from this, you know, what he's going at, face value here. If Rupert Murdock is off of the Trump bandwagon,
Starting point is 01:40:49 that's not very helpful for Trump especially. If you wanna mix that with being off of social media, and don't forget, Rupert Murdock's sons, I think have come out and been very outspoken against Trump. They are not fans of his. Especially about him. If Trump has any hopes of winning the White House I think we all think he's running again
Starting point is 01:41:08 How's he gonna do without Fox by his side and how's he gonna do without any of the social media? Being banned on Twitter Twitter might help him the fact that he's not gonna be able to say stupid shit It might actually help him. I'm being serious. He won't be able That's why I said remember I think the last time I thought I go if he didn't have thumbs Trump would still be the president because it's and my Joe I still don't think it's him tweeting Tom. It's somebody else some like millennial. That's like I'm gonna It's like a Takachi. No, it's it's him. You get Absolutely, but I think that's a really important point Vinnie if Trump wasn't on Twitter or tweeted half as much I think he'd still be present. Thank you, that's what, 100% bro. 100%.
Starting point is 01:41:45 So this man might actually help him because it's just gonna be on truth social. You wanna hear him? Go to two shows so he can tell whatever that he wants. If he still had Twitter, he'd still be present. That's okay, I agree with you. Yeah, and if my aunt had a penis, she'd be my uncle. So it is what it is.
Starting point is 01:41:59 If it's a hunchy dog. That's the fun part. You're becoming a big fan of the phrase Adam. I'm just saying, 42 years That's the, is this, you're becoming a big fan of phrase Adam. Just say, 42 years later, the truth is, or 41 42 years later. Or she'd have an NCAA championship. Do you think, so here's my question, do,
Starting point is 01:42:14 without any of the social media networks allowing him to come back. He's banned from all the big networks, big tech companies. And if he doesn't have Fox, can Trump still win in 2024 without those outlets covering him? So, so let me give you what's happened the last seven years. This is my opinion again. Six years ago, we were all sitting on November 3rd, whatever time it was, two o'clock in the
Starting point is 01:42:40 morning, you know, central standard time. And you. And if you're still up, you're like, what the hell, Tom and I were on the phone for three hours. Do you remember that call? Totally, and we were like, looking at the, there was a New Year's. Both times. I was the first to come. Yeah, you told me to New Year, I'm like,
Starting point is 01:42:54 he's like, Patrick, this is actually happening. I'm like, what are you saying? You're saying when Trump beat Hillary? Because nobody, like listen, he, people are like, what are you talking about? And then you're like, yeah, and then,, what are you talking about? And then you're like, yeah, and then when he walked up to look on his face, we're like, oh shit, we won.
Starting point is 01:43:10 He was such an interesting walk. Then the next day he got to work, you're like, everybody's sitting there at the White House hoping this guy's gonna take a month, like most people do to relax and not, okay, let's get to work. It's like, oh shit, this guy actually works. Okay, that's a problem.
Starting point is 01:43:24 We don't like working presidents. We like golfing president. We like guys that are not working. This guy get to work. It's like, oh shit, this guy actually works. Oh, that's a problem. We don't like working presidents. We like golfing president. We like guys that are not working. This guy wants to work right off to bat and Romney was coming in for an interview and all these guys were walking. Do you remember that whole thing when it was all over TV?
Starting point is 01:43:33 Oh, damn, what just happened here? And then Russia's story comes out and you're like, oh shoot this guy. That's how he won. Yeah, exactly. He won, became then, like, yeah's how he won. Got it. He won, he won, he won. He became, like, yeah, Russia was a hoax story. Oh, and Hillary Clinton, 35. What a frickin' dirt.
Starting point is 01:43:52 Yeah, shit. And then you're like, dude, there's no way Biden's winning. He goes and he talks, 32 people show up. There's no way this guy's winning. And you're like, on a folding floor. What? And a back here. He's ran a couple of times in the past, and a high C. ever got was 1%
Starting point is 01:44:06 and in addition to Elizabeth Warren drop, said Pete drops out, you know, Bernie drops out, everybody drops a like, uh, Amy drops out, wait, Biden's the president, you Biden's the president, he's like, what, what are we talking about here? So, you know, well, COVID came from a bad market. Well, we now know it's not the bad. So so many things have happened
Starting point is 01:44:26 that you in the moment you're like, well, here's what's going on. And in a year and a half later, like, oh, I got it. There was just kind. So listen, we have no clue what's going to happen here with Trump. What I would say is him losing Fox, Elon and Twitter. I don't think it helps. The reason for it is the following reason. As much as we say, if he didn't have Twitter, he wouldn't. If there wasn't Twitter, Trump's also not president. Because what made Trump win is his ability to troll and everybody was so interested in what he had to say.
Starting point is 01:44:58 So the five moments that got him in trouble were followed by 500 moments that got him billions of eyeballs that just wanted to hear him. So I do think if he loses Fox, I don't think this is good because, you know, if you lose Fox, you can't get on YouTube, you can't get on, I don't know, I don't know how many more outlets you got.
Starting point is 01:45:18 And maybe what they're trying to do is to eliminate him to position the Santis. But just remember this, for those that are already acting like they know it all, the same camp that was so certain Trump was gonna lose. It's part of the same camp that was so certain he was involved with Russia. It's part of the same camp that was so certain
Starting point is 01:45:39 Biden was gonna lose. It's part of the same camp that everybody's got it wrong the last six years. So he could still end up winning and he could still end up losing and you just can't be the person that's kind of saying, well, here's what's gonna happen because that's what you hope it happens. Versus, here's what could happen. Even though I don't hope that happens. So you have to be able to be logical enough to say what you want to see happen could be wrong versus what actually ends up happening. I don't know if I'm making sense or not, but we are living in very weird times on what
Starting point is 01:46:09 happens next. Well, let's not forget. I think Adam, you've said this before, what's the best thing that can happen to CNN? Trump. Trump. Coming back. Money talks. Ratings talk. It's still a begging for him.
Starting point is 01:46:20 Oh, they'll give him all the footage that he needs. You really think that Fox MSNBC CNN are gonna turn down those ratings away. No way. Good point Tyler. We'll see if the Murdoch clan. What do we got? We got nine minutes. We got two stories which one you want to do? You want to do Navy Day Putin says United States main threat. You want to do China shadows looming. You want to do amber, hurt cells or house. You want to do Prince Charles 1.2 million or some up in Latin. You want to do China shadows looming. You want to do amber, hurt cells or house. You want to do Prince Charles 1.2 million or some up in Latin. You want to do the person that won the jackpot. What do you want to do? Pickle. You want to do the Saudi Arabia story. Which one do you want to do? Pickle.
Starting point is 01:46:54 Beyonce out of everything I didn't say. He picks. He picks. He picks. Another example of someone apologizing. Wherever you want to go, PPD, Tiger Woods billionaire. Tiger Woods, I'm at love, Tiger. I thought Tiger was already a billionaire man. There's nothing there. Nothing, none of those stories. No, no, no, I mean, Tiger Woods billionaire, there's nothing there. Okay, so he's got investments, he's got sponsors, he's got a lot of things going on.
Starting point is 01:47:18 And it's added up and curve. Do we want to at least finish it on a high note, like Trump sympathy note towards Biden? Like do we want to finish it with like a I like to know the comedy writer that wrote that It was a sympathy note the Trump the story. Let's do the Trump trolls. Uh, COVID Yeah, Strik and Biden if you want to pull that up Speaking of saying crazy stuff without Twitter. Yeah, so President Joe Biden's last positive COVID test again Confine him to the White House for the second time in the last two weeks, earning him the sympathy
Starting point is 01:47:48 of many who are sending the sideline leader, get what wishes, including the former president who dashes off a doozy of a sympathy note. On Sunday, Joe Biden's second bout of COVID, sometimes referred to as China virus was sadly missed, I misdiagnosed by his doctors. He instead has dementia, but it's happily recovering well. Joe is thinking of moving part time to one of those beautiful Wisconsin nursing homes were almost 100% residents miraculously. And for the first time in history had the strength and energy to vote. Even if those votes were cast illegally, get both soon. Joe, come on. Y'all pass. Where was his post? Where was his post? Where was his even if those votes were cast illegally get both soon Joe. Yo, Pat, where was his post it?
Starting point is 01:48:28 Where was his post it? That is so freaking funny. How many issues and just those many words? I thought his band from Twitter. No, that's true. Oh, this is true, so, bro, how funny is that? His message will get out. Doesn't matter where people will come.
Starting point is 01:48:44 Okay, okay, Pat honest to God You think okay listen, it's funny it kind of sounds like him you think he really that's as a comedian that is Freaking hilarious. It's misdirection. He's kicking his ass on four different points and then and then he's still putting in the illegally Voting goes get real soon Joe that's just brilliant trolling bro, hate him like how hilarious is that? That's a really good written joke. That's hilarious. It's hilarious.
Starting point is 01:49:10 You know what it is, it's like the breakfast. What is the breakfast thing they do when the president gets up there and they say, cause like they're making fun of themselves. What has that been called? The Washington correspondence. Then the Washington correspondence. The Washington correspondence.
Starting point is 01:49:21 And he says, you know, earlier, Hillary was walking around and she bumped into me. And he says, you know, earlier Hillary was walking around, and she bumped into me. And she said, pardon me. And I said, I'll think about it. He's good. That's brilliant. That's brilliant.
Starting point is 01:49:35 And then Hillary gets up and she says, look, it's always great to have a person that came out of New York, a strong personality, a businessman, a billionaire. Let's make some noise for Mayor Bloomberg who's in the house. Yeah. Oh my God. It's the best one to go back and for. But listen, as much as this was probably written by somebody, I think it was inspired by
Starting point is 01:49:59 only one person. Donald J. Trump. Donald J. Trump. Like, if Joe Biden sent a tweet like this you wouldn't even laugh because they're like first About Joe you would never in your life say something like this. Okay, cuz he hit look at all the points So he hit COVID being the China virus that they all you know science was wrong. Yeah, right? Then he goes say he does have dementia But he's hope he's doing good and then he goes all those people in the home that Miraculous voted for the first time that they got the
Starting point is 01:50:24 Strength to go out and vote. Well, that's just come on. By the way, great podcast today folks. Many of you guys message me and you say Pat, I like the interview, but I also like it when you do this format. If you like the format of us just commentating every once in a while, give us a subscribe and give it a thumbs up to the podcast today.
Starting point is 01:50:42 A couple of things I do want to share with you guys for you to be thinking about. Number one, I'm doing a private insider webinar today at 4 p.m. for those that are part of valuetaming.com's insider community. If you aren't insider member, you and I will be together today at four o'clock for those who are not.
Starting point is 01:50:57 We have a whole social media community with them valuetaming.com where people talk to each other entrepreneurs, businessmen, businesswoman from around the world. We have networking going on right now all over the place on valuetaman.com. If you're not yet an insider member, you can go to valetamian.com,
Starting point is 01:51:11 join the insider membership on DUNCHA and Q&A today at 4 p.m. And outside of that, we're having a wall conference. That's coming up. Also on YouTube members too. For YouTube members, well. valetamian.com and YouTube members. Also YouTube insiders get invited to that as well. Yep, so if you're an insider member,
Starting point is 01:51:26 just go to the PVN Act. That's great to know. So, it's viatamin.com insiders as well as YouTube insiders are invited to that as well, phenomenal. And then last but not least, I can't tell you how much I can't wait to see many of you at this year's vault conference. We have so many ridiculous announcements, but more than ever before, there's not been a time
Starting point is 01:51:47 more important than today, in my opinion, during these times, for you to recreate yourself and go into the next phase that we're going into, unknown territories. Okay, 2023, nobody has any clue what's going to be happening. Whether it's the business climate, mortgage, real estate, finance, economy, challenges that's foreign, we got election that's coming around the court. These are very weird times. New Congress coming. New Congress coming.
Starting point is 01:52:15 The policies are about to change, things are about to change, and those who are able to adapt and are prepared for it, will most likely have the highest odds of capitalizing during these times. That conversation with somebody the other day and this person was a person from the insurance industry and they said, look, we're bringing our entire crew, they're bringing like 25 of their guys
Starting point is 01:52:33 that are coming to this event. But guys are bringing their entire Salesforce. One of the guys I talk to, he says, man, I can't make it this year, I'm probably gonna come next year. And I said, you know, to be honest with you, I don't think you ever come in for three years you've been saying this. And I think the problem isn I'm probably gonna come next year. And I said, you know, to be honest with you, I don't think you ever come in. For three years you've been saying this. And I think the problem isn't that you're coming next year. The problem is you have a tendency of saying to everybody,
Starting point is 01:52:52 you're eventually gonna do it next year. Your problem is a procrastination problem. I never wanna go into a new year without certain things that are the unknown. Let me explain. I'm currently, we just signed a deal with my next business book being published. I'm very excited about it.
Starting point is 01:53:09 We'll be announcing this here soon, published with a massive publisher. We'll be announcing the details of this book here soon. And I'm getting my fiction book that's being published. And that's going to be coming out in 2024. The business books coming out, Q4 of 2023. Okay. And then outside of that,
Starting point is 01:53:25 we got a couple of companies that were investing in, by Tim and investment group is doing big things. We got some announcements that will be making to you. And then there are certain, I mean, I wish I could say, you know, four of these things, there's a lot of surprises, but the moral of the story is the following. I never, ever, ever wanna go into a new year
Starting point is 01:53:43 without any new unknowns. And the only way you have unknowns is by you recreating yourself. So if you haven't yet registered to go to the vault, I would love to spend two and a half days with you. By being with the folks that were having Robert Kiyosaki is going to be there. My good friend Kevin Connolly will be there from the entourage. He'll be there. We're going to have a Chast Paul Menteri from Bronx, tailed, doing his 90-minute script. He's gonna play every role from the... This is a Broadway show that you're gonna see, performance. Good friend Frederick, the silver top illusionist will be there as well. And I
Starting point is 01:54:16 think we have also... Anyways, a couple other people will also be there. Any fastouts. Who was the CFO? They did a documentary on that one a freaking academy CFO of NRA NRA that caused a hundred thousand employee company to go out of business And he's got a complete different version of the story I think he went to jail for eight years even his wife. I think went for a minute He's going to be sharing what happened during that time You may want to hear that side of the story
Starting point is 01:54:40 So you don't kind of go through it yourself now if you haven't yet registered for the vault The website is the vault conference.com once again the vault conference.com It'll be Miami at the diplomat from August 31st to September 3rd and our entire crew will also be here I don't will be there Vinny will be there time will be there Mario everybody will be there We'll see you guys in Miami having said that back. I say one thing. Yes, sir. I have tried to cut you off I have a one my podcast funny how launches today at one p.m. Oh, I'm gonna look at the camera. One guys. This is brilliant people money Mine is just gonna be comedy and I'll land this stuff. I'm just warning everybody. It's gonna be it's purely comedy
Starting point is 01:55:19 If you were offended by the word bitch, I suggest you not go watch it Entertainment comedy at one p.m. Yeah. Okay. All right, gang. Have a great day. And I think we're doing this again. Today's what?
Starting point is 01:55:32 Today's Thursday was. Oh, we're doing Thursday with Zuby. Zuby's going to be on Thursday. We'll see you guys on Thursday. Take care, everybody. Bye-bye-bye.

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