The Ben and Emil Show - BAES 129: The Crying Billionaires are Crying Again

Episode Date: December 4, 2025

Our sweet sensitive tech overlords are crying again! It's David Sacks again this time, and all his butt buddies are coming out of the woodwork to show their undying support for him. We'll dig into the reasons why. WATCH THE LATEST EPISODE OF EMIL'S NEW SHOW! https://www.youtube.com/watch?v=CEICUWllHew OUR NEW CREDIT CARD SITE IS LIVE!!! Go get that AMEX card baby! https://thecreditcardlist.com Give this video a thumbs up if you enjoyed it! And please leave us a comment! It helps us! ***Ben's new movies and tv podcast with Dillon is OUT NOW! GO WATCH the latest episode on TRIVIA: https://youtu.be/GFG3zC_GNGk?si=E1zMn38t2nWZHBxx **CHECK OUT EMIL'S LIVESTREAMS HERE: https://www.youtube.com/emilderosa Support us and get bonus content, ad-free versions and more plus your first 7 days free at https://benandemilshow.com __ SOME OTHER VIDEOS YOU MAY ENJOY: That's Cringe of Cody Ko: https://youtu.be/dTbEk0pVh2w Our AUSTIN VIDEO: https://youtu.be/yGSs56bFzRU Our episode with Kyla Scanlon: https://youtu.be/cIHWkY35cuc Big Tech is out of ideas (ft. ED ZITRON): https://youtu.be/zBvVGHZBpMw Arguing with a millionaire (ft. Chris Camillo): https://youtu.be/1ZUWTkWV_MM We bought suits HERE: https://youtu.be/_cM1XqA9n2U ***LINK TO OUR DISCORD: https://discord.gg/CjujBt8g ***Subscribe to Emil's Substack: https://substack.com/@emilderosa ***Trade with Ben at https://tradertreehouse.com __ BOOKING.COM: If your vacation rental isn't listed on Booking.com, it could be invisible to MILLIONS of travelers searching online! Don't miss out on consistent bookings and global reach. Head to Booking.com and start your listing today. Get seen. Get Booked on Booking.com. AURA: Exclusive $35 off the Carver Mat at https://on.auraframes.com/BAES promo code BAES MOOMOO: Click this link https://start.moomoo.com/BAES to get up to $1,000 in free stock when you make a qualified deposit. Terms and Conditions apply. Securities are offered through Moomoo Financial Inc. (MFI), Member FINRA/SIPC. The creator is a paid influencer and is not affiliated with MFI and their experiences may not be representative of other moomoo users. Investing is risky. See full disclosures at https://invest.us.moomoo.com/_disclosure FACTOR MEALS: Eat smart at Factor Meals! Use code baes50off at https://factormeals.com/baes50off to get 50% off PLUS FREE BREAKFAST FOR ONE YEAR! __ Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Order online at 1,800 contacts.com or download. the free 1-800 contacts app today. Who is David Sucks? He's the former C-O-O of PayPal. You guys might know of PayPal. He's in the PayPal Mafia. He's in the PayPal Mafia. They're spiraling.

Well, according to the spiraling failing New York Times, he has, David Sacks has 708 tech investments. Basically, the billionaires freaked out. It seems like someone went into their signal group chat or whatever and put out a distress signal and was like, defend David. Right. Go on X. The everything out.

and defend him. The AI software for government contractors. There's this company called Voltron got $22 million in financing and publicized the contribution of Kraft Ventures co-founded by White House AI advisor David Sacks. And then the CEO said, oh, actually that funding was secured

before he joined the administration. Of course this guy was going to drift. It's so weird. Did you see the photos of his mansion? This house looks like shit. Yeah, it's just cramined. onto a lot. How are people not constantly driving through that street just huck and dog shit at the houses? I would have to imagine they have some kind of private security firm that's doing something.

It'd be huck and dog shit at them, too. Why not? They're eggs. I'm sure those guys are ready to just pop one off in the service of David Sacks and all this first. I'm looking down to town with bed ain't on me. Tell me what's going on. Tell me what's going on. up to bed in me Tell me what's going on Tell me what's going on Oh, it's fine Hard to say what it is

I see in you Kate Tabata We actually just listened to that song recently It doesn't hold up as well as you thought it would Is that blues traveler? No, it's actually Everyone thought it was blues. Traveler, but it was actually a band called

Sister Hazel. Oh, that's right, that's right. Oh, man. How'd say what it is. Welcome back. You can't sing that. You can't sing that. We'll get copyright struck. What I was saying was hard to say what it is that song is about. I need a haircut.

Stuff only 90s kids now. Stuff only 90s kids will remember. Tommy Pickles, number one. Rugrat. Are you going to, are you still, do you still travel to Long Beach, you get your haircut? Yeah. Ben doesn't have any,

he doesn't have any routine thing he does that he doesn't travel an hour or four. The dentist. I call this guy the other, I'm going, it's like 2 p.m. He's like, all right,

I'll do it up. I'm at the dentist. And then it's like 6 p.m. He's like, I'm still coming back from the dentist. I'm like, where are you? Yeah,

it's in Woodland Hills, which is very far. I'm not going to go there anymore. It's too far. Yeah, because I didn't, I didn't, I needed a dentist. There's got to be somewhere closer than, there is. I found two spots.

40 miles away. Yeah. It's only 20, but still. Hey, everybody, welcome back. We got a banger episode today. We're going to be talking about David sucks. Oh, I'm sorry, David Sacks. Ooh, that's pretty good.

That's going to catch on. Sorry, David. You're now, David. You might know him as the, they call him, uh, he's the other South African jump Bean. That's what they call them. There's the South African Gemma Bean and the other South African. He does hail from South Africa, but he does not have an accent, and he's got very luscious, kissable lips. We can all agree on that. Democrat or Republican. Something I haven't seen pointed out. That he's got kissable, luscious lips. You're seeing people say that? I mean,

I've been seeing people say that, yeah. David Sacks got lips, man. He's got lips for days. Look at those Look at those juicy things. And you'd like to plant one on him? Oh, I don't know. Only in dreams. He does look like a worm made a wish to become a human. That's something that everybody can also agree on. And, yeah, he's the new Trump crypto and AI czar.

Yeah. Special government employee in the administration. He's super special. And that's totally fine. Yeah. And the New York Times just did it. And what people are calling a hit piece, I wouldn't call it a hit piece.

I would just call it objective journalism. Although I did have some not pushback or qualms, but there were some moments in the article where I was like, that's nothing. Everybody had a happy Thanksgiving. Oh, hope you had a Thanksgiving. Everybody go check out Emile's new show.

Go check out Ben's new show. Go check out the credit card list. The credit card list, man. There's great cards on there, folks. All these things are going to be linked in the description. LinkedIn. Whoa, I wonder if that's where they got it. LinkedIn.

And speaking of lips, boy, this guy just put on a layer of something. I'm all dried out. They got our lips addicted. They give us... They really did. They deprive us of our medicine so they can sell us their cures. Isn't that the saying that hippie said? They like feed us poison and deprive us of the...

Yeah, whatever. Of our medicine. And the cures is I always have... I don't think I've got... gone a day in my life in the last 20 years without having chapstick in my pocket. I was pretty good for the last eight months or so, but I've gotten zapped.

It's like Coca-Cola. They put cocaine in it. They put lip cocaine in it. You think there's cocaine in that? I think they put lip meth or something in the in the shit, man. Making me crave it. My lips will dry out. And I'll look like a... Might are currently dry. A lizard.

Yeah, same. All right, that's enough. Enough horsing around. Enough horsing around. It's a bad horse. Oh, Jesus. So who is David sucks? He's the former C-O-O of PayPal.

You guys might know of PayPal. He's in the PayPal Mafia. He's in the PayPal Mafia. Have you ever seen that picture of the PayPal where they all... For like Forbes or something? It's like Google PayPal Mafia picture or something. I don't know. Oh, yeah, that's it.

Fortune. They all dressed. like the sopranos oh my god it's peter teal it's uh wow it's it's david sacks it's all who else is in there like oh look at that cool guy with the um with the sunglasses oh yeah all right we got a couple do you see david sacks he's right behind peter teal yeah peter teal um you got a chubby guy with glasses there with the chain geez these are some yeah it's uh is that as he's on sorry in the top If you don't know, the PayPal Mafia was the people who founded PayPal and then basically they all went on to do...

Invest in each other? Yeah, invest in each other and do, you know, run Silicon Valley, basically Peter Thiel, Elon Musk. They met at Stanford. He and Peter Thiel. Yeah. Yeah, David Sachs is one of those guys who went to Stanford and then joined the Silicon Valley elite with all these guys.

Yeah. He's got a lot of other angel. investments that netted him over a billion dollars, including early Facebook investments. Some of these early things just drive you crazy. He created Yammer and sold it to Microsoft for maybe over a billion dollars or something like that. It was just a chat thing. This guy's obsessed with chat software. He sold it for $1.2 billion. Jesus Christ. Well, he also was an early investor in Uber, SpaceX Palantir, which was co-founded by his buddy Peter Thiel. Airbnb. And then, yeah, he and Thiel and Elon, they all kind of invested in each other's

companies. And what a why? I mean, just to take a quick 30,000 foot view, that's got to feel so wild to like meet your nobody. And you meet another nobody in college. And then you, you and him and all your friends end up just becoming ultra powerful, ultra wealthy. It's got to be a head fuck, you know. uh i'm sure it is and that's probably why they're all so weird and crazy yeah that's true this guy lives in a massive uh mansion a massive mansion in in san francisco it's so weird did you see the photos of his uh mansion this house looks like shit yeah it's just crammed onto a lot i know right next door to another it's called like billionaires row how are people not constantly driving through that street just hucking dog shit at the houses i don't know exactly what that

street is like, I mean, who knows, maybe there is some kind of, I would have to imagine they have some kind of private security firm that's doing something. I'd be hucking dog shit at them, dude. Why not? They're eggs. I'm sure those guys are ready to just fucking pop one off in the service of David Sacks and all these freaks. You know what you could do?

You remember water balloon launchers? Like the legit ones where you have two guys. Dog shit launcher. Dude, put some eggs. Like, you could, if you were good at, there's got to be some Silicon Valley nerds out there who are good enough at math to figure Okay, if we stand right here, we can launch it. But the thing is these guys are all vying for a meeting.

The last thing those guys want to do is launch dog shit at David Sacks. They're getting ready for their next meeting at Craft Ventures. Yeah, Craft Ventures. Craft Ventures is his now VC firm that is investing in all kinds of... So many companies. It's wild. Hundreds of projects. So he was named the AI and CryptoZar in December of last year.

before Trump took office, Trump said he would safe. Trump said that David Sacks would safeguard free speech online and steer us away from big tech bias and censorship, as well as work on the legal framework for the crypto industry that it's so desperately craved at the time. Also, one more thing we didn't mention, which if you are unfamiliar with David Sacks, which I'm sure if you watch this show,

you've heard us talk about him before. He is a member of the all-in podcast. The besties. Which is the gayest thing. Which really caps off the, you know, the podcast administration that we are unfortunately blessed with here. According to his Wikipedia, he's a former co-host of all in. I think he might just be like a now a recurring character. Well, get out of here.

There's no way he's not still a part of it. Didn't they do the whole, the White House? A million dollar plates kind of thing. And they did the whole, like, podcasting from the White House. Oh, right, yeah. But I think they, he just came back in as like a, who knows. Yeah, he's still very much. I mean, that's, but that's kind of the whole thing is, you know, as we're going to get to with this article, is that it's all just a very nebulous.

What is his role in anything anymore? Has he stepped away from his venture projects? Has he, you know, has he stepped away from all in? Is he gaining financially from all those things? he's also a special government employee. He takes no salary. He's doing this out of the goodness of his heart. And that's how it goes. Usually these are advisory roles. It's usually like academics and everything that come in to offer expertise. Yeah. So he's a special government employee which exempts him from confirmation hearings and specific financial disclosure

requirements. But he and his he and Kraft Ventures sold their direct. crypto holdings while maintaining investments in crypto startups is a big caveat. And a bunch of Silicon Valley dorks love it, love him being in there because it means less regulation and more opportunity for them to spread their wings and do whatever the fuck they want and milk our brains for data and exploit us. Inside man in the administration. Oh, yeah. But it's funny, you hinted at it earlier saying there's some stuff in the article that you were a little like oh come on my thing with the article

is that kind of the whole thing not that I don't think there's some untoward behavior going on here is just that compared with everything going on this is just like yeah of course this guy's enriching himself with this position I mean

had they not because the reason we're talking about is that basically the billionaires freaked out It seems like someone went into their signal group chat or whatever and put out a distress signal and was like, defend David, go on X, the Everything app, and defend him. But had they not done this, I don't think I ever even would have seen this article.

Yeah. They love to rant and rave about how the New York Times is dying and nobody's reading it. And yet they're like, everybody's talking about this from the New York Times. Right. And then as soon as someone does some reporting on what they're up to, they're like, Everyone were going to war with the New York Times.

Whose stock is at all-time highs, by the way. It's so funny that they're like, they're failing. They suck shit and their stocks at all-time highs, NYT. But, but yeah, had this not happened, I maybe would have seen the headline and been like, yeah, no fucking shit. Yeah. And then I would have moved on and moved on with my day. Yeah, look at that. All-time highs, $10 billion corporation.

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Brother, I mean, I get it. That must be standard for a venture capitalist. You're looking for a unicorn. Yeah. Some of them are just so fucking, like some of them are stupid. There's one that's like an AI chat helper or something that raised $22 million. And it's just, I look at that and I'm like, okay, Yeah, it's got AI in the name, and it's technically you could say that it's going to benefit from AI.

I know. Some of the ones they pointed out were that he was invested in tech companies that had AI elements. And it's like, well, at this point in the game, you'd be kind of hard pressed to find a tech company that did not have AI elements invested in it. So those 708 tech investments include 449 stakes in companies with ties to AI that could directly or, indirectly benefit from his policies. And to those who are like, to the naysayers, David Sacks would say, and he's been pretty public about it, is that America must win the AI race. And he's not doing this to enrich himself.

I'm not saying that he's doing it to enrich himself. I believe him when he says he wants America to win the AI race. it also just happens to be a great, great, great benefit for himself and his friends and his venture capital firm that America does win the AI race. I don't know if I do believe him because I think he doesn't really – I think a lot of these people don't necessarily care about America. I think they care about their investments and they're going to be fine whether or not America wins. Because, I mean, when you look, so basically he's going to, he's going to the Trump administration and saying, like, look, you got to get rid of these Biden-era restrictions, restrictions on sales to China. From Nvidia, yeah. I don't know if I find his reasoning that persuasive where he's like, if we don't let Nvidia sell all these chips to China, then China's going to find alternatives and you're screwed.

I was trying to keep an open mind with that. So what Emil's referring to is the fact that Biden's administration restricted NVIDIA from selling their AI chips to foreign adversaries, including and especially China, and other international, other countries for fear that in a through a roundabout way, China would get them. But yeah, he... Basically, in an effort to keep... people's hands off these very valuable chips that are very difficult to make.

There's like very few places that can even do it. That's why the whole Taiwan thing is a... As for concern. Yeah, because right now, Invidia goes through, what is it, TSMC, to manufacture all their chips, which is... I'm not going to pretend like I know anything about chip manufacturing, but I've read a little bit about it, and it's so ridiculously complicated. Right. And, you know, so those restrictions plus doing things,

things like provisions in the chips act to build up more infrastructure here in Arizona so that probably not not only because of the fears about a Taiwan invasion or something like that, but also just to have more capabilities to build out these chips. Which makes sense to me. But yeah, his logic there is if we don't sell to China, they're going to figure out a way anyway and they could come up with something even more powerful and better and then we've got a real problem on our hands so a better alternative why couldn't they do that anyway like it's not like China's like China's going to be like oh you guys will sell our chips all right then wrap up

any R&D we were doing yeah just forget it let's just buy from the Americans well his boys close-up shop his other thing is yeah oh it was actually Jensen jensen Huang who said that if we, if we restrict our sales, it'll only force China to develop Palafour. And of course, he said that the, the best move would be to flood the world, to flood the world with American technology. And in May, David Sachs flew to the United Arab Emirates and made a deal to sell 500,000 American AI chips,

most of which were Nvidia, which would likely need. net NVIDIA. $200 billion. Which was very publicly, this is not just like New York Times coming up with that figure. That's analysts and whatnot. And people obviously pointing to the fact that the UAE is an ally of China and that those chips could then end up in their hands.

In their hands of the Chinese. Yeah. Well, I actually, so jumping around. But that's just to say, I just don't think, I don't think these, I don't think these tech billionaires have like, the average American's interest at heart when they're making these decisions. But I mean, but that's like, that's no, you know, this is old hat.

That's no difference from, you know, Dick Cheney going from Halliburton to the vice presidency. Yeah. And supercharging the military contractor industrial complex. I liked this quote from Steve Bannon, who said, the Silicon Valley billionaires are leading the White House down the Road to Perdition with this ascendant technocratic oligarchy. He's been very vocal

vocally against these like, what did he call them? Out of control tech bros or something like that? Yeah, I mean, Steve Bannon's full of the... He's a populist. Right. He's always throwing lines out where you're like, fuck, that actually

kind of goes hard. Yeah, that kind of rocks. Let's see. And I also... The glaring thing to me is that clearly these guys will say and do whatever they need to to suck up to Trump because they know it's easy. All you've got to do, everybody's now learned the game with Trump. All you've got to do is kiss his feet, suck him off, jerk him off a little bit, tell him he's pretty, tell him he's so nice and so kind, and that he's the best president ever. and he will let you do whatever you want.

You could fart on Lincoln's pillow, and he'd be like, okay, he said that I'm nice. Go ahead. It's the Mark Zuckerberg video where he's, Trump asks him how much he's going to invest in the U.S. this year, and he's going, $500 billion? Yeah, Trump's like that's good. The hot mic catches him going,

I didn't know how much you wanted me to say. Yeah. I just want to say what you want me to. And there was that Chimath, Pallihapitia. Another all-in bestie. Another all-in bestie, another billionaire, had said he said that they backed Trump because he actually takes their calls. As if, because he was bitching that, well, the Biden administration never gets back

to us. Like, well, yeah, because who the fuck are you, dude? Right. Well, that's, what's your big thing? That's kind of, that's my big takeaway from all this is just that. It's like, it's more proof that whenever this kind of stuff happens, it's just so clear that this is like billionaire class genuinely thinks of themselves as some kind of protected minority.

I'm not joking. The way they behave, and it works because they have so much power and because they have so much access. But it's just so bizarre to watch. And, you know, the latest example was probably, The whole Zoran Mamdani campaign was just like wild, watching these guys freak out. Yeah. And, man, I wish I pulled it up.

See if you could search for Kevin O'Leary talking about Mamdani. He's like on MSNBC or something like that, maybe CNN. I mean, this is a Canadian guy who I think lives most of his life in Miami. I don't think he can even vote in New York. He's going on these talk show hosts and talking about. how Zoran Mamdani will not take a meeting with him. The mayor of New York, a guy who doesn't live in New York, a Canadian. Yeah. And he's pissed? Pragmatically, I and others who invest in real estate have tried to get a meeting to figure out

what's rhetoric and what's policy. So far for me, it's been crickets. I think it's a mistake on his part. I'm a rational person. I'm only interested in one thing, and I think he has to address this. I get it what he's doing on the rhetoric for free and rents don't go up. what happens on new builds we need to build a new building so let's say we need 20% more affordable housing love to invest in that so we go to the debt and we go to the equity markets to do that so my simple question to him is look I understand what you're trying to do and you got to get elected but tell me how you're going to do this I got to put 50 million dollars into a building to build it just to get it going and the market's going to want probably somewhere between an 8 and 11 percent return on the construction because the whole thing

is about that he's complaining about I'm a real estate developer. He's a real estate developer. This is from his Wikipedia page. The O'Leary's live in Miami Beach and Toronto. He's the mayor of New York. I love that top comment. Why do ultra wealthy expect political

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It's just so crazy to see. I mean, and this has been forever. You know what I mean? I remember I was in Nevada with the Bernie Sanders campaign when Bernie won the Nevada primary in 2020 and there was that famous clip of Chris Matthews if you want to search it Chris Matthews Nevada whatever I mean he's he's talking about how

Chris Matthews he was the hardball with Chris Matthews oh yeah yeah yeah whatever those and he's talking about how because Bernie won that primary it's like it's it's not too long until they start like rounding them up and shooting shoot me in Central Park

they say they're going to eat us he compared it to the fall of Normandy after Hitler invaded France yeah we don't need to find it don't worry about it's just these and and it's just so funny

the smallest things like this a a modicum of objective reporting Yeah. And all these guys come out. I mean, it would take way too long for us to go through all of these essay long tweets that everyone who's even, you know, applied to Stanford has felt the need to put out. Oh, yeah.

So many. We'll get to those. But, yeah, David Sachs had hosted a fundraiser for Trump for his campaign at his mansion in San Francisco. Trump was on the podcast a few weeks later, and then the administration offered him a job. So, I mean, that's pretty ducks in a row kind of situation. You host a fundraiser, he's on your podcast, and then, you know, you get exactly what you want. And yeah, these, these, with what he's doing, him being a special government employee, there's these ethics waivers that we basically just have to take their word on it when they say.

And they really want us to take their... His representative responded to a couple things from the New York Times and basically said, he's actually losing money. He's actually... This is actually really bad for him. Don't you feel bad for him? It's the same exact thing they were trying to do with Doge, where they were like, Elon is working free of charge for the government

trying to save you, the American taxpayer money. You're right. And you're so mean to him. Yeah, it's fucked up. They said that he and Kraft Ventures sold more than $200 million in crypto position. including Bitcoin and positions in companies like meta, Amazon, and XAI. They don't say when he sold those, though, and he still has 20 crypto and 449 AI-related investments. The 438 of that 449 were classified as software or hardware makers, which is their whole thing,

is like, well, these are just software and hardware companies. But then, as the New York Times points out, many of them have AI in their names. There's one that's like symbolic dot AI or something like that. And yeah, they have websites that read stuff like AI powered automation for every decision.

Resemble. That's what it was. Yeah, he's also, it's the same thing with his crypto investments. He's saying that he's basically gotten rid of all of his personal crypto investments. It just feels like sneaky verbiage.

of just like, I've gotten rid of all my personal things that are directly... Oh, so what about the indirect ones? Through Kraft Ventures, he has massive crypto ventures and he obviously was a... Helped with the passage of the Genius Act, which... For stable coin regulations.

Stable coins. That's a big one. Which some of their... Some of Craft's direct investments were putting out like celebratory emails and posts on their websites, like, thank Trump for the passage of the Genius Act. And David Sachs.

Yeah, that was one called BitGo. So the Genius Acts passed for StableCoin regulations. Kraft Ventures has a stake in BitGo, just for one example, who works with stable coin issuers. And BitGo celebrated it on their website. And they've now filed for an IPO. And Craft's 7.8% stake is worth about $130 million. dollars. But then when they, oh, then in July, there was an AI software, the AI software for government contractors. There's this company called Voltron, get there invested in, got $22 million

in financing and publicized the contribution of Kraft Ventures co-founded by White House AI advisor, David Sachs. And then the CEO said, oh, actually that funding was secured before he joined the administration. Oh, so they've just been sitting on that press release for fucking seven months? With everything, they always retracted and go, actually, this was way before. It happened before. It was way before. I really like this.

There's one key statement in this article. Policies that Mr. Sachs supported at the White House have laid the groundwork for his investments to flourish. That's it, right there. Right. Like, you can't look at me with a straight face, David Sachs, or Kraft Venture. and say, none of this is going to affect in a positive way the 449 companies that I still own stakes in either passively or directly. It's fucking bullshit.

But that's the thing. I mean, it's obviously, you know, the reporting is very good. It's it's unfortunate seeing this, but none of this is shocking or surprising. You know what I mean? I mean, from day one, we're, and people were calling it out. David Sacks's involvement in all this. It's a major conflict of interest. Right. And there's so much reporting surrounding the fact that the Trump family is basically using the presidency as a get-rich quick scheme to turn profits on all these wacky crypto investments and all these.

Oh, that's been the – because, you know, I've – I feel ashamed almost because we were seeing the headlines about some of the stuff that they're doing. And my eyes just glaze over, because I just can't even, I don't even want to bother reading about it anymore. Because I, I'm just like, oh, another thing, who the fuck knows? Right. They, it's fucking bad. It's real nasty bad. I mean, the whole-

Such corrupt shit that we, I'm shocked that the entire nation isn't banging on the White House doors calling for their heads on place. Yeah, you, I mean, you truly cannot keep track of the corruption in any meaningful way because it's every day. It's like the Saudis are gifting him a plane. The Qatari's are gifting. You can't keep track of who's doing what. And it's like, yeah, of course his AI

cryptos are, who is heavily invested in all the Silicon Valley stuff, is enriching himself with this position. Fucking fuck! But so that's why the reaction has been so funny. Yeah, these guys

are just shameless. I don't understand. Do they not have do they do they have no shame did what are they do they really think that they're right do they really are they just telling themselves spinning these narratives such that they're convinced that that it's it's not to quote the simpsons meme it's it must be the children who are wrong uh i do think they have no shame i also think they themselves have vested interests um if i'm going to want help from white house employee david sacks uh i mean these are all it's mostly tech guys coming to his defense so they either need um they either may need a favor from him just as a massive silicon

valley investor or who knows they're going to need some kind of tariff relief um in the future that's how you that's how you get things in this administration you show support online you're vocal about it Otherwise, you're, you're ostracized and never to be heard from again. So you got to show up and show your support for David Dipshit. It's basically, I mean, it's everyone you would, it's everyone you would think. It's, it's obviously the besties with Jason Calacanis and Chamath. You had Sam Altman come out with a tweet. What did it say?

David Sachs really understands AI and cares about the U.S. leading in innovation. I am grateful we have him. I don't doubt that he cares about the U.S. leading an innovation. The question here is just about, well, you know, as this is coming out of my mouth, I'm trying to think of who would be in a good position to lead this effort without there being a conflict of interest. Hey, everybody. So, as you all know, Emil and I are always doing meticulous research to put these podcasts together. and one of the tools that we've been using for the last two years just so happens to be the sponsor of this show, Moomu.

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just for signing up with the link below by December 31st. So join Emil, myself, and the 28 million other people worldwide that are already using MoMU every day. I mean, academics and researchers and... There are people without vested interests in these things. Yeah. Which used to be Sam Altman until they went major, major, major for profit. This is not like, that's why it's, this is not like groundbreaking. I can't believe this has never happened. We've talked about the revolving door a million times of like the Obama administration.

This is, it's every industry. It's very unfortunate. And I think AOC and another lawmaker actually introduced a bill. recently talking about this exact thing. Was it Elizabeth Warren? No, it was either that you cannot leave your position of office and then go be a lobbyist or go work for these companies to work within

the private sector that way. Because what you've had, I mean, finance is, it's always but like the Obama administration people would leave their high-powered position and then go work for the company. They'd go work at Uber and then just have all these government contacts and who they were all buddy, buddy with and be like, hey, come on, do us a little favor, okay?

We're trying to break the Taxis Union in Madison, Wisconsin. Can you help us? And so, yeah, I mean, it's just all of these, you have Sean McGuire, one of the scariest dudes in the world. Which one is Sean McGuire. He's the, he's the Sequoia Capital guy who tweets the most insane. Oh, that guy's fucking psychotic. CEO of Coinbase was out there showing support. Basically, it's a who's who of Silicon Valley AI crypto people voicing their support. There's so much gaslighting stuff.

Sean McGuire was responding to some, he replied to someone who, this guy Ryan Mack on Twitter said, today's been a good example of what X has become. Complaints from a subset of wealthy tech folks about a story that circulates more widely than the actual story itself. Musk bought the platform to control the message and he and his friends are getting just that. And then Sean

McGuire replies, which went kind of viral, you don't get to run this headline, then write an article that doesn't validate the claim, and then get away with playing the victim. We see through the ruse. And it's like, you guys are the ones who constantly victimize yourselves. You guys

have an entire country, not just country, world that is at your fingertips that you guys have made and locked so many people out of and then as soon as there's on the backs of everybody too yes and then there's some like pretty gentle reporting about what's going on in the what in the uh trump administration and you guys act as if like you should be grateful for us you should be grateful that your children are committing suicide and hate themselves and are addicted to this stuff you should be grateful that we're inventing new ways

to show you ads, you stupid bitch. Shut up, bitch. Shut up, you dumb bitch. Just sit there and take it. And they joke about, you know, they joke about buying up Jason Calacanus from the all-end podcast. I wonder

what would happen if we bought up all the shares if the New York Times, all the shares of the New York Times we could and join the board. And so it's just like... Then we could do non-woke reporting. You guys are are playing the victim while also being like, well, what if we just bought up the whole thing?

Just the way we did with everything. So now we could own the Washington Post, the New York Times, Twitter, Facebook, everywhere you go, we can just control the message. Also, the, yeah, like you said, the reporting itself is quite gentle. And it leaves it, it's not so on the nose that it's saying David Sacks is taking advantage of these things.

the verbiage is pretty clear these things are laying the foundation policies are laying the foundation for his companies to potentially majorly thrive and profit and that is something that we as Americans deserve to know about

yeah I don't the the oh no we should sorry we should just sit back shut up not question anything and and fucking take it like good little boys and girls meanwhile when I Hunter Biden, God bless

America, was getting kickbacks from not saying that it was good or anything, but when it's just the more of the same. When Biden and shit does sketchy things, they are prepared to burn down the world.

Yeah. Hunter Biden's laptop. Okay. Fucking Trump's two crypto coins. Launched while in office. Let's talk about that real fast. So Trump has launched two crypto coins, a SPAC, ticker symbol DJT for his fucking true social. Then you've got World Liberty Financial, which was founded by Trump and a member of his own administration, Steve Whitkoff.

Can you imagine if Joe Biden had launched fucking Biden coin, ice cream coin? I said, I'm going to lock those chocolate, chocolate waffle cone coin. and I own 50 billion shares of it. If you buy it now, you get a special, they're telling me it's a kind of token. If he rug pulled the country the way Trump did, I don't... He would be drawn and quartered and burned alive. He'd be...

Which he would have deserved. Yes, sure. Like, Trump deserves that for rug pulling the country. Just to remind everybody, okay, so... Because the World Liberty thing just kind of... It was set up just before he won the election, and then he wins the election. I don't know if anybody remembers Justin's son, but he's a Chinese guy who started Tron, which is a cryptocurrency. So Justin's son was in some major deep shit.

He was under investigation by the SEC. Well, what does Justin Sun do? He does the classic thing that you just know you got to do. He acquired $75 million worth of World Liberty Financial tokens. Okay, Mr. Trump. I'm going to buy some of your token here. Thank you very much. $75 million worth. Trump takes office and goes, stop investigating Justin's son. The SEC backs off. Trump's SEC stops investigating Justin's son, who's now free and totally pardoned. Whitkoff then announces that they're... I don't know, man. Sounds like you're being pretty unfair to Justin's son right now. Steve Whitkoff then announces that their world financial... StableCoyne would be integrated into whose blockchain? Justin's Sons blockchain. Tron.

Wow. If that ain't a tit for tat, I don't know what is. But it gets better because in May of this year, the Emerati, the UAE, I believe it's UAE, MGX, their fund, their sovereign wealth fund, invested $2 billion into World Liberty Financial by using World Liberty's, World Liberty's Stable. made shortly after a pardon of Shangping Zhao of Binance, and that stable coin, the $2 billion worth, was used to finance a deal on Binance. And then what happened two weeks later, when our backs got rubbed or Trump's back got rubbed

with $2 billion worth of his stable coin being bought to use the deal? Thank you so much, thank you so much, Mr. Emeradi. Now, in exchange, we will sell you $500,000, $500,000 Nvidia chips. Remember just earlier in the episode when we talked about those $500,000 Nvidia chips? Well, they did the right thing. They knew exactly what to do. Just do a little bit of world financial liberty shit.

There's a Trump family business entity that owns 60% of it and is entitled to 75% of all revenue. from coin sales on World Liberty Financials blockchain. By August, it is estimated that the Trump family has gained $412 million from this venture. And Reuters found that the Trumps have made $800 million in crypto assets in the first half of 2025 alone. I just don't know why you're treating them this way. I don't know why you would point that out. 800 million.

If Hunter Biden... I just can't even... I mean, I can't, it doesn't even, it doesn't even warrant a putting, I don't even need to say it. It's also very funny seeing them make these arguments about, you know, so. He's a businessman. And also, they're not, they don't have anything to do with Trump. It's sucked my fucking dick. It's too long to read, but there's this guy, Kyle Samani, who is a, uh, works at multi-coin and is a, whatever.

It's all these, like, tech companies you've never even heard of that do whatever. And he says, the New York Times Post on David Sacks is a Travis. utterly shameful journalism. Anyone who is qualified to be AI and to be AI and cryptos are, both of which are rapidly iterating new technologies. By definition, must be invested in many companies in these sectors so that they can learn from practitioners across industry and, you know, be qualified for the job. I don't agree with that. I think there's plenty of people who are like you said, academics. Perfectly capable of, and you know, you're talking about regulating these industries, but obviously these guys are just like trying to deregulate the whole thing.

It's also so funny, but it's not our fault that both of these industries are just full of hucksters and con men. Like, who are you going to find? You know, crypto is just full of people going to jail, ripping people off. And you're like, look, sorry. We got to get someone who's familiar with this stuff So we can help us rip everybody off Hey everybody, you know, fall always feels like a bit of a reset

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delivered with Factor. Offer only valid for new Factor customers with code and qualifying auto-renewing subscription purchase. I just, I can't, I can't get over how, I just don't understand how he can keep getting away with it. And I think the only answer is that, that we're so inundated with shit from this administration and even when he wasn't president that it's just, if it's not this thing this week,

it's five more things next week. So it just diminishes the real big controversies are peppered in there, you know? Like a kid with acne. You got just zits everywhere and then occasionally there's a giant cyst and we're just like,

well, what the fuck? The kid's face is fucked up anyway. I didn't even notice. it's a weird example I mean I tend to think he's going to keep getting away with it because we haven't had we haven't had we don't have an opposition party

we don't have we don't have politicians who want to want to make sure this stops we don't you know we've had we've had opportunities to this is a president who should have never been able to run again I mean if they got the job done with

prosecuting for the insurrection and stuff like that we would never be here right now but I think even that when that was all going on you had you had politicians coming out and being like oh I don't know

don't force me to do anything I don't we all just want to move on and it's like yes but if you don't I think you don't go through this process no one will go move on in fact we're going to go through this whole thing again and again and again I think it's also the fact that a lot of people

on the MAGA side just don't give a fuck or willfully just ignoring it or dismissing it or don't understand it but that's the job of you know I'm saying it's both

both of these things like it's just a so I tweeted at David Sachs and I got I told him what did I say exactly I said come on my podcast and defend it

you fucking coward you're full of shit here let me I got 61 replies so let's let's go through some of these because they were very, very, I sent it to recording. Yeah, come on my podcast. Uh, keep going down. And then it's just, uh, this guy's, you sound like potential homosexual. Who are you? Um, someone needs some attention, I see. I was going to listen to your

podcast. But then I just went back to normal life. These guys, I mean, I don't, I'll never understand the guy who. I'm sure all eight of your listeners would love that. Never heard. of you, wouldn't listen to you anyway. I'll never understand the guy who is just ready to fucking jump in front of a bullet. Oh, yeah. There's one guy, keep going down, keep scrolling. He had kind of a long response. I think he might be a hate listener because he indicated that he regular, this there, I think.

You calling anyone else a coward is laughable. You have zero opposition on your podcast and you never correct the errors in the stories you cover. The latest Epstein emails that were redacted, somehow you forgot to me. mention that they have been unredacted. Just like the hipster, feminine, liberal you are. What the fuck is that, dude? That's a pretty recent episode.

This guy's like keeping up with the show. Yeah, I think I remember seeing him in my replies at some point. What does that even mean? Yeah, I don't need. The latest Epstein emails that were redacted, we forgot to mention that they've been unredacted? Okay. Also, brother, you know...

to what are we what are we the new york times we got to keep up with we're not journalists here we're just doing a show i i'm not gonna be keeping up with literally now a fucking dozens of episodes oh that one from two weeks ago that there was something that came out about i mean sure it comes across our desk i can remember specific things if we if we've if we've pointed to things that got wrong i've like i remember we i used an elon musk tweet that was a screenshot and fake. And I called it out the very next week. Whatever. Yes, we're never going to be able to do it perfectly. You're a hipster feminine liberal. But this is also such a funny example of the latest Epstein emails that were redacted. Somehow you forgot to mention that they have been unredacted.

Oh my God, dude. We got to go. We got to correct. I think we mentioned it on the show that they also released it in weird ways. Yeah. The Democrats on the House Oversight Committee released redacted versions with the with the victims names redacted then a group of Republicans released a bunch of unredacted emails I don't know if that's like

a big I mean neither I just love these he seems to be a viewer so thanks for watching lots of people posting who are you who even are you you're nobody stay on your side go talk to someone in real life

who are you come on my podcast you piece of shit is a new meme congrats. No one knows who you are, you coward. These are all like 60 year old men. No one even knows who you are on you. Oh, hashtag Bitcoin.

All right, dude. All right. Go back. Go back. I got a kick out of these. Never even heard of you. Sit down. Oh, yeah, yeah. All right. They really told, I was about to reply to one of these guys and then I truly just went.

I don't care. This guy's thing is Socialist Pravda. Champagne Marxist. You are poor. What the fuck is? It's all fucking bots all the way down. How dare you go after David Sacks? I said he's got kissable lips. Come on, man. He didn't say he's got kissable lips. Who are you? Who are you? Those are those got to be bots. Dude, not a great invite. All right, that guy's, that's fair. That is fair. That is fair. There are a couple people I was like, yeah, I probably could have. Probably not the best way to. But knowing David Sacks, he responds to that kind of shit, I thought.

I thought he'd be like, okay, fuck you, because he's so thin-skinned. He's so thin, like, I swear to God. Well, open invite, David Sachs. Yeah, open invite. But I just, man, the, the crypto stuff coming out of the Trump administration, I can understand and get behind to an extent

running a certain level of corruption you know you got the power you got to use it it it's not like i've ever but they're being egregious with it yeah they could chill out you guys um it's the fact that they they seem to just be willfully ignorant about all things um correlation it's like even if we were to grant them that okay yeah he sold his bitcoin he He sold his positions directly that he owns. There is the fact that he's got buddies. He's got all kinds of influence. And he does have a vested interest in these things doing well.

Yeah. And I don't know. I agree to an extent about America not needing to dominate AI, but at least, you know, there's an AI race towards some unknown goal. sure as someone who lives in America it is in everybody's best interest that we stay in the lead to some extent but the crypto part is like

well I mean I mean as someone who's not even particularly like interested in the US partaking in some kind of AI arms race I again I said it earlier in the show I'm just surprised more people don't more people don't find it at least suspect that he thinks the best way to roll this back

is to just arm China with the most powerful chips in the world. You know, hey, if that's... Yeah, on the one hand, China is this adversary that's that we've got a we're neck and neck with.

So why, yeah, why supply them with the very tools? If we don't, they're going to create something extra cool. So we just have to give them ours. Look, Mr. Trump, if we don't give them these, they could create the most powerful

chip in the world. It's like they're single-handedly trying to just make our entire economy based on Nvidia and Nvidia chips. There's more money to be made. Our number one export can and should and will be Nvidia chips. Yeah. The world is on Jensen Huang's shoulders. But yeah, I mean, they've made, just, yeah, just, it's mind-boggling that they've got these crypto ventures that they're making hundreds of millions of dollars off of. You know what the big problem is? What? They've, Silicon Valley came of age in this kind of very strange era where they were very

public facing all of these, all of these CEOs, founders, whoever. In a way that like, yeah, I mean, you never heard of all these finance people. people, if someone wrote a thing like this, they would just let it slide off their back, water off a duck's back, you know what I mean? Well, speaking of- But these guys can't stand to not have anyone not love them and adore them. It feels that way with all of these guys. You know who did it right?

I don't know if you saw the news today, what Michael Dell announced. I thought it was pretty damn cool. Dude, you're getting a Dell? Dude, everybody's getting a Dell. Google Michael Dell News. It'll be the first thing. I mean if this ain't a good Oh you know what

Just also before we move on from David's X I went on the all in I went on the all in podcast Reddit Oh they're just trashing them Yeah which I found Odd wouldn't that be their number one Dick riders I mean top Top comment

Not sure the dispassion of reporting Of the truth constitutes a hit piece It's been blatantly obvious Why the Besties and other Cellicone Valley types back Trump because Trump is easy to work. Give him money, praise him effusively, defend him publicly at all costs, and he will give you

the keys to the kingdom. Where you can do whatever you want, just tell him it's part of his America first agenda, and he'll sign it, and he won't judge you for getting rich off it because he doesn't believe in corruption or oversight. Everyone can have their hand in the kitty. Yeah. Why do nerds keep claiming this as a hit piece? I'm just like, aren't these,

aren't you guys listeners of this fucking show? They must just hate him so much. I don't know. I like it, though. So Michael Dell, the guy who, the CEO and founder of Dell Technologies, what is his net worth anyway? Michael Dell net worth. Wow, these people are going in on him. Holy shit, dude. That is wild.

Michael Dell's net worth is more than fucking Warren Buffett's was 20 years ago he'd be the richest man in the world. 15 years ago he'd be the richest man in the world. But anyway, he just announced with his wife, Susan. Susan Bell that they are giving $6 billion to the Trump accounts for 25 million children. Yeah, founder Michael Dell on Tuesday afternoon at the White House to unveil a $6.25 billion gift from the businessman to supplement new savings account for young accounts for young children passed into law earlier this year. His donation translates to $250 in starter money for about $25 million Trump accounts for families and in low and middle income areas. This private money will be in addition

to $1,000 in federal dollars authorized in the One Big Beautiful Bill Act for newborn children as part of an overall program that is set to begin accepting contributions next July. I watched the video and I couldn't hear anything

because his wife was really giving me the creeps. Oh yeah, she's creepy looking. Did you see the video they posted on Twitter? No. Go to like... Yeah, it's probably honest.

Oh, right there? Holy shit. That first one? Jesus! Lady! It's a very special moment. We're making a 6.25 billion dollars. Wait, pause. Me and my scary wife are giving America's kids $250.

I saw it this morning and I was like, wait, what are they doing? And free chocolates. She's a lovely woman. Good for her. Yeah, we love her. Yeah, we love her. We're big fans. We love Susan Dell. Go on. We're our charitable funds.

Next year, every American child will be able to get an investment account. powered by Invest America We've seen what happens When a child gets Pause it for one second She almost looks like She looks like the grandma Those baby dolls they have with the big eyes

She looks like one of those grown up She looks like the younger version of the The bad lady in weapons In the movie weapons I never saw it because I'm too scared Continue This is great By Invest America

We've seen what happens When a child gets even a small financial head start their world expands the real power of these accounts is that anyone can contribute parents relatives friends everyone can help shape a child's future I just haven't heard of words she said part of something truly meaningful for our kids for our communities the way she's standing join us and to parents and caregivers stay too look natural Susan activate your child's account every contribution can grow over the years, just like your child.

Can you go back to her just standing there? Yeah. Oh, I feel bad. Why, does she have huge boobs? It looks like she's had some body modifications, if I were to... Michael Dell looks some weird, too. He's got slightly crossed eyes. I apologize to the women in the audience.

We apologize to everybody. We apologize to everything we said. We apologize to David sucks. But truly, this is like one of those things, Crybaby Bill Ackman had actually, this was his idea, I believe, of what we should do is give every newborn child $1,000 invested. This is not anything new.

I mean, this has been tried in pilot programs. I hope that it works, because this is that $250 that $25 million kids are going to get, hopefully by the time they're 18 will have grown into, who knows, $25,000 that can give them a head start in any number of ways that they choose to put it toward.

Damn, dude, I need to dive deep in the all-in subreddit because it's like... Don't do it. I did last night. I was looking... I mean, it's nice because everybody fucking hates David Sacks. I know. They know more than any... I mean, when somebody is as big a piece of shit as Sacks, I don't think it's possible to write a hip piece.

Is anything in the article incorrect or exaggerated? When it's true, it's not a hit piece. Sacks is a racist, Putin-worshipping, traitorous sack of shit. I think there's a lot of outsiders who are obviously jumping on board. Oh, maybe. Yeah. So. I mean, damn, the intensity of Sacks' reply and lawyering up tells you all you need to know.

They struck a big nerve. He knew he was being clever by structuring his role so as to keep his craft gig, even bragged about it. But predictably created a huge perception of conflict and grift, even if he technically complies with all the rules. He's smart enough to know this was coming. And it allows him to get on his hobby horse. about traditional mainstream media, et cetera. That's a good point. I have to say these guys, long before Trump even took office for the second time,

the Biden administration was basically the All In podcast bragging about the horrible things they were doing. Chamath and I think it was David Sachs or one of them. I can't even remember bragging about getting an initial coin offering from things like Solana at super discounted rates and then when it goes, then when it goes up dumping all of it and then literally bragging and laughing about it. And then going like, Jamah, how much Salana are you still holding? He's like, oh yeah, like I'm holding it. And it's just like these guys have been bragging about their own just corruption through their, through their tech and business holdings

and stuff that, of course, this guy was going to grift. I heard that David Sachs keeps a, uh, um, Keeps like a homeless guy tied up in his basement and goes down there to spit on him. And that's real? Yeah, I've heard that that's real. Google his house real fast. David Sacks, San Francisco Mansion. Or just mansion. Why, you think you'll see the homeless guy on his side up?

It's just a fucking, it's a gaudy. Look at that thing. That one, yeah, look. Oh, cool. We've got a cramped where a normal person would have a nice yard, he's got instead just. I mean, am I jealous? Yeah. Do I want to live there?

Here's kind of my take about... This San Francisco thing, I just don't... Is the weather that fucking good? Like, the views there, sure, they're pretty, but you can get that all along the coast. I don't think there's a... I don't think there's a way to have a mansion in a tasteful manner. Because no matter what,

they're just all these monstrosities of a... It gets to a... I mean, you've been... in, like, a massive house, you just start being like, what is this fucking room? Yeah. What is any of this? Yeah. And you just, like, have all this superfluous...

This is toilet room. We just have toilet. We stole the extra toilet too. Look at that. You could fling poo up there, no problem. 35 million dollar mansion. All right. Well, in conclusion, folks, what do you think?

I like the Dell thing feels good. I mean, that's a good... Not only is it a nice way for, it's nice to see a billionaire literally giving 25 million people something. I would hope to see, it sounds like anybody can contribute to these accounts, which would be cool. Imagine if every fucking decibelionaire did something like that and gave each 25 million kids each like, I don't know, up to five grand. And then by the time they're 18, you'd have $50,000, $75,000, $100,000 if it keeps compounding over the course of 18 years, Jesus Christ. Just in time to spend it all on your AI girlfriend. On new, can you imagine the vape technology by then?

Waiting until you turn 18 so you can fuck your AI girlfriend. Fucking ball out by your AI girlfriend, all the digital goods she wants. I can't, that's going to be very, very interesting to see how that plays out. Have you seen that, I don't know what they're calling her Molly or something like that. They, uh, oh, Michelle. Michelle. Let's save it for the bonus. Let's save it for the bonus.

Guys, thanks so much for tuning in this week. Welcome back from Thanksgiving. Hope you ate a lot of pie. And we'll see you in the bonus. Ben and Emielshow.com. Coming up on this week's episode of Ben and Emile Show.com. Oh, Chinese girlfriend. Chinese girlfriend

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