The Dan Bongino Show - Another Assassination Plot? (Ep. 2525)

Episode Date: May 29, 2026

In this episode, I break down the foiled plot to assassinate Ivanka Trump, the "war on fraud" takes on a larger scope, and the Iran war draws closer to the end. Find the video podcast of The Dan Bongino Show exclusively on Rumble at https://Rumble.com/bongino Trump Secures Iran Breakthrough: Here Are the Important Details https://www.theepochtimes.com/world/tentative-60-day-iran-ceasefire-deal-reached-pending-trumps-approval-sources-6039888?utm_source=partner&utm_campaign=BonginoReport&src_src=partner&src_cmp=BonginoReport SCOTUS Justice Amy Coney Barrett Targeted in “Swatting” Incident at Her Home https://dailycaller.com/2026/05/28/amy-coney-barrett-scotus-justice-allegedly-swatted-redacted-police-audio/ What a Difference a President Makes: Look at DC’s Columbus Circle… Then and Now https://redstate.com/bobhoge/2026/05/28/all-it-takes-is-a-new-president-take-a-look-at-dcs-columbus-circle-then-and-now-n2202796 Sponsors: Beam - https://shopbeam.com/bongino - code: Bongino Blackout Coffee - https://blackoutcoffee.com/bongino - code: bongino Supersure Insurance - https://supersure.com/bongino DeleteMe - https://joindeleteme.com/bongino - code: bongino Learn more about your ad choices. Visit podcastchoices.com/adchoices

All America all the time. Sit down, buckle up, and get ready for the Dan Bongino show. All right, you know, I don't like asking for favors. As a matter of fact, I hate it. I think it's stupid. You know what the favor is? You're listening to the show. Like, that's the greatest favor of all.

Like, you've already done enormous amounts for me in my life. However, I have an interview for, those of you don't know, occasionally we'll tape interviews in advance. right before the show. I actually just finished it a minute ago. And it's only because of timing or, you know, sometimes we don't want any tech hiccups. Sometimes they're live, sometimes that's not the point.

Point is I just two minutes ago wrapped up an interview with a guy you may know from the show. We play his clips all the time on economics, Peter Sanaj. I'm telling you we're going to get to it in about 45, 50 minutes. It's about 20 minutes long. You cannot tune out. I can't forbid it. I believe in Big Art, God, given.

rights. But if this was a communist socialist state, I would forbid it. You can't do, you got to watch it. Tune out, come back, watch it VOD later. You're short on time. Got to take the kids to school. It is the best 20 minutes on what AI is really going to do. And it's the story rather than a story. I'm telling you, you will not regret it. It is just, I'm just going to leave it there because it sounds like too much. You say too much. I got a big show for you today. Can the Democrats get their message straight in Iran? Another assassination plot against Ivanka Trump. The picture that I think is going to sink a Democrats campaign. I don't know who does this kind of stuff. Thanks to producer Jim, I saw this picture pop up yesterday. He sent it to me. And I almost, you ever laugh so hard your diaphragm goes in a

spasm? This is one of those. So I got a lot to get to. Today show about to you by Beam Dream. Beam Dream. If you need to get a good night's sleep, it'll change your nights like it did my. deeper sleep, clearer mornings, more energy like I have today. Get American-made beam dream powder for up to 40% off with code Bonino at shopbeam.com slash Bonino. Get a good night's sleep. Today's show also brought to you by my morning go-to blackout coffee. We're thinking about doing one of these like,

hey, mornings with Dan before the show kind of thing. And one of the things you're going to see is I drink a lot of blackout coffee. You're still starting your day with watered down, big corporate, crap brown water coffee. Big mistake. Huge, huge. You're doing it wrong. Every morning, I drink real coffee. Bold, never bitter. It tastes like coffee. Coffee. Just like Texas says Texas. You want coffee taste like coffee. Blackout coffee. No nonsense coffee, exactly how coffee should be. And here's the difference. It tastes amazing. Blackout coffee is a small American company actually shares your values and are proud of it. They roast some of the best coffee I've ever had.

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use code Bongino for 20% off your first order. That's blackout coffee.com slash Bonino. Join the coffee club today. Trust me, once you switch, you're not going back to some crappy old brown water coffee again. Blackout coffee.com slash Bonino. All right, so let's go. Listen, I haven't spent a ton of time on Iran.

I'm just going to say this in the beginning of the show. Because the Democrats' message on Iran, they're on team Iran right now. Death to America, the Democrats are like, yeah, go Iran. They're like, you know the number one. finger, the foamy finger they used to sell at the day. Their thing says, go Iran, death to America, Ayatollah's rule. They're like, hashtag, we love Iran. Like, they're on team Iran.

I've never seen anything like it. No matter what the president does, the Democrats constantly bitch and moan about it. I have never seen anything like this. President Trump bombs Iran and kills the Ayatollahs that want to kill us. How do we know they want to kill us, Justin? Because they say it every day. It's like the bumper stick. on their car.

It says like death to America. And it's like footnoted. With the dates they said it thousands of times. They've said it. Trump goes and kills the Ayatollahs, wipes out the leadership, destroys a lot of their missile supply, destroys their ability to easily get their footing back up

to launch a freaking nuclear weapon. And the Democrats are bitching and moaning. I can't believe it. It's an illegal and unnecessary war. Okay? Democrat talking point number one. how it's illegal, we're they going to try, you're going to make up a fake criminal case against President Trump.

Justin's like, don't give him ideas. Don't give him ideas. He's the commander-in-chief. Impeachment 3-P, right. Well, that's definitely coming, no matter what. They'll just make it up. So talking point number one, illegal and unnecessary. Unnecessary.

They were only trying to get a nuclear weapon to kill us all. Whatever. Then President Trump, they go through a ceasefire process. President Trump is negotiating with the Iranians to get a deal for some hopefully midterm. I don't think it's ever going to be long-term stability, but mid-term stability, so we don't have this sword of Damocles

hanging over our head in this threat. And the Democrats are bitching again. I can't believe this guy's in the deal-making process. What freaking... Oh, I want to say something there. What freaking story is it? Can the Democrats, can you engage in a cranial rectatotomy

and pull your craniums out of your collective asses and just tell us what your stance is. Not that it matters anymore because you're so crazy, but at least we would know what you're arguing. I watched this news coverage from these crazy CNN and MSMDC channels, and do you want them to negotiate or not? I guarantee you the same people bitching that he's negotiating. If he starts dropping bombs again tomorrow and wipes out level 62

with the Iranian Malauocracy, they'll be bitching about that. I can't believe he's bombing again. okay bro I mean we all still live in this country we look you see the flag behind me that's not the Republican flag

that's the flag of the United States of America it used to be goush to do this while we're engaged in hostilities to be shitting all over the country really I've never seen a party you can gripe all you want about the Republican

party and the MAGAM movement I'm going to tell you're comparing it to like the freaking bad news bears before they had good news. I'm like, again, no, some of you remember that movie. What's your standard of excellence? The Democrats? They're in total disarray. They've got a cabal of candidates so bad.

You've got a Nazi tattoo guy, one guy who's alleged to be part of some Al-Qaeda associated group. You got another lady running in Michigan who tells everyone how Michigan sucks. You've got a bunch of, you've got a candidate who's now the mayor in New York talking about confiscating people's real estate because he doesn't like, quote, bad landlords. This is your slate of candidates. This is like loser-freaking central. Grip all you want about the Republicans and the MAGA movement.

Your movement is total shit. It is garbage. It's like, man, that microwave pizza is terrible. Well, you can eat dog shit. oh no I'll take the microwave pizza everything's relative folks oh yeah that was the other one the one running in Texas 35

who wanted to put Jews in concentration camps and castration centers like you might to cut their balls off and stuff what the she got 40% of the vote by the way they're all pissed off too the Democrats are all pissed off at themselves they're in disarray because what's

the one story they did not want back in the news the Joe Biden story. Folks, I've got from very good sources on the political front in D.C. That the Democrats on Capitol Hill are freaking furious. Hunter Biden's out there doing podcasts again, talking about the Jews, whatever.

You got Jill Biden out there. Like, I think my husband had a stroke. And then we took him to Waffle House after the debate. Nobody when the Democrat Party wants to talk about this. I'm going to make a case yesterday. Yesterday, the show, we shouldn't have started with that story, because I'm going to tell you something. Not only the Democrats that I want to talk about Joe Biden and 2024, I should have known this yesterday. I've been in this business a long time.

Nobody on the Republican side cares either. I can tell feedback on a segment. No, everybody's done with it. The guy obviously has some cognitive decline. Just move on. And it's all over the news. Nobody wants to talk about this loser presidency anymore. So they've got two problems at Dems right now. They can't get, well, actually three. They can't get, oh, here's President Trump about Jill Biden. They got three problems right now. They can't get a coherent message together on Iran. Trump should negotiate.

Trump shouldn't engage in war. Trump engages in war. They criticize war. Trump engages negotiations. They criticize negotiations. Their second problem, Joe Biden's back in the news, reminding everyone of the really shitty Joe Biden era of 9% inflation, which are all from Afghanistan,

American power going down the tubes, and an open border. The Democrats want to move on. The third problem they have is their candidates are genuinely awful. They are terrible. Their candidates are the worst I have ever seen. And what it's doing is it's leading to this infighting on the Democrats side where they're all showing their ass.

And the only way to prove bona fides to your Democrat cause is to engage in increasingly violent rhetoric. Folks, this stuff is getting really, really, really dangerous. It got really dangerous a long time ago. Did you see this story from Fox yesterday? Poor Erica Kirk. She loses her husband, and you've got lunatics out there

like this Texas man accused of threatening to kill Erica Kirk and bomb a turning point event. Looks like the FBI and the locals got ahead of that. Guy's been charged with a third-degree felony count of making a terroristic threat. Everyone's innocent till proven guilty.

However, 26-year-old Jacob Wenski allegedly wrote a disturbing series of online posts and emails saying he knows exactly where to bomb an upcoming TPUS event. What is going on here? The answer is there's a party in disarray where their only coherent message is violence at this point. That's it. We have another assassination attempt disrupted by the FBI against the Trump families.

You see this story on Fox, this time against Ivanka Trump. Now you may say to yourself, well, what stage was this in? Apparently serious enough that this Iranian connected the Trump. suspect in the case, had blueprints to her house. Democrats, when are you going to dial down the bullshit and just come up with an actual platform to run on other than let's go whack the other side? Check this out. According to a court filing earlier this month, it turns out that as alleged terrorist from

Iran's notorious security service had pledged to murder first daughter Ivanka Trump. And his plot was actually so advanced. He had obtained a blueprint of her 24,000. million dollar Florida home, according to the New York Post. He also posted a chilling threat on X that translates to, quote, I say to the Americans, look at this picture and know that neither your palaces nor the Secret Service will protect you. We're currently in the stage of surveillance and analysis. I told you, our revenge is a matter of time. Now the suspect, Muhammad al-Sadi is a 32-year-old Iraqi national. He now stands accused of taking part in as many as 20,

different terror attacks on Americans. He was taken into FBI custody after agents identified his revenge plot. He was hoping to avenge the killing of Iranian military chief Qasem Soleimani in a U.S. drone strike in Baghdad, as you just mentioned, Dana, six years ago. Folks, and please, like, let's not with the, and I know the media folks who listen to my show, I read your nonsense and stuff, the left-wing media people, please stop with the childish bullshit. It's Bosa. It's not both sides.

We have been cleaning up people pretending to be part of our movement for the last, you know, year plus of the Trump administration. Did you miss all those stories? Because I've been central to a lot of them. Not the only one. Don't tell us it's both. It's not both sides. We accept none of this stuff on our side. You guys just, I've never seen a worst slate of candidates, a worse messaging campaign.

That's why Democrat approval. We had that poll up the other day. Democrat Party approval is like at like 10% or some ridiculous number because you guys just really suck. I told you, it's like you complain about the Republican microwave pizza being terrible and you're feeding your people dog food. By the way, speaking of feeding people, this is the worst slate of candidates I've ever seen. I'm going to tell you something. I think Platner's the worst Nazi tattoo guy up in Maine. but this dude in Texas, Talafrico,

I can't get enough of this story. This guy's running in Texas. Look at this picture. Producer Jim, who's like the barbecue king. He's one like barbecue smoke meats like awards and stuff. Jim's like, religion is like barbecue. He loves, Jim's like God barbecue. Jim loves his barbecue.

He sends this over to him. There's a picture of Talafrico. What that? Who the, he's barbecue like that? You get the napkins for. for when you're done eating the barbecue. You don't like eat the napkin with the barbecue. What the hell is that?

Has this guy ever had like extra moist brisket? What the hell is this guy doing? Let me get it. You can get your hands dirty with barbecue. Some of these places even have like the quickie wipes or whatever you call them, like the Quickey Mart from the Simpsons. They even got the wipeies afterwards. Here you go.

You eat the barbecue. You can get your hands. Hands dirty with barbecue, bro. I mean, you, Davy Crockett, Jim Bowie, Talafrico? No. Sam Houston? Tala frico? No.

No. Worst slate of candidates I've ever seen. And now we're in with the Democrat Party because they can't get a message. We're in the, like, a total chaos stage where they're back to the dipsy-do flippoor. Does anybody remember what the dipsy-do flippoo is? I haven't mentioned one of these in a long time. This is when the Democrats are in such disarray that they sense the Republicans are onto something,

so they just take the message and they flip it around and make it about the Republicans. I'm going to show you an example. Senator Mark Warner from Virginia coming up here on CNN in a second. It's a short clip. But they are really worried right now that President Trump's Department of Justice may be onto something with election fraud

in this Fulton County, Georgia case. I played the clip yesterday. We'll see what happens that I'm going to get it as you get it. I'm out in the public space now. However, they're really starting to freak out. It's incredible how a search warrant was issued, meaning a federal judge said there's enough evidence here of potential election anomalies in Fulton County, Georgia,

that we're going to look into this and issue with search warrant. And the Democrats continue to claim, well, there's no evidence. Now that they know they're losing that argument, because the judge has already signed off on this, they do the dipsy-do flip-a-roo. They say, well, if you're going to focus on Democrats potentially cheating in elections, we're just going to turn around, do the flip-a-roo,

and we're going to say Donald Trump is trying to cheat and win elections. The dipsy-do-flip-a-roo is the, it's a tactic as old as electoral time. They do it every time. But it's always a sign they're in a panic. So when you see it, you've got to point it out. Here is this a stereotypical example

of when they do this every time. Check this out. one that doesn't think that we could see, you know, actually the interference in our elections at an unprecedented scale, I think it's a bit naive. Again, I pray that I'm wrong. And I could be wrong if people in both parties find us fine and say, no, we've got to have free and fair elections this country. But all so much of the evidence I'm seeing so far doesn't lead me to that conclusion. Folks, whenever you see the gypsy do, call it out immediately. It is a hallmark sign of redline 9,000 RPM panic on the Democrat side.

Every single time, they are so concerned that this investigation in Georgia is going to turn up. Is it going to turn up enough information that there were enough votes to overturn the Georgia 2020 election vote? I don't know that. I'll find out as you do as it works its way through the process and the court system. I would argue to do that point secondary. That election's over. Donald Trump's in office. He's number 47 now.

The primary argument is not irrelevant. However, the primary argument is going to be, even if it's 100 votes or 500 votes, the fact that there was a process uncovered in a court system to flip votes or steal votes is the argument because the Democrats have made the opposite argument. Oh, this voter fraud is BS. It's all a Republican talking point.

It's all garbage. They can't say that anymore. That's what they're worried, but that's why he's pulling a flip-a-roo. Get the media to talk about Trump trying to steal elections while Trump's trying to focus on people not stealing elections. Folks, the Democrat messaging machine, there's something Trump has done to them.

He has thrown some malicious code into their messaging machine software. I'm telling you, I've been at this game a long time between being a candidate and a commentator. Not as long as everybody, I mean, certainly not as long as Levine and Hannity and others. But it's been well over a decade. I've got a good body of experience. I only tell you that because it's relevant to my next point.

I have never seen them this chaotic, angry, and violent in their message, ever. Whether it's this eat the rich, docs conservatives, bomb threats, shooting up threats, actual attacks on President Trump, White House correspondence dinner. I have never seen swatting of Amy Coney Barrett. I've never seen anything like this. I haven't, not in my lifetime. Here's the guy who used to be considered like a moderate voice or reason for the Democrats. James Carville, who they used to go to him as like the Clinton era moderate, southern Democrat,

Louisiana-drault kind of guy where he could appeal to the working class Democrat. This guy's freaking lost his mind. If this isn't another indicator of absolute chaos on the dog food Democrats versus at times the microwave pizza Republicans, but what I believe, believe to be like the elite tier one level pizza maga movement. There's no better example than this guy. He used to be the sane one. Listen to this meltdown. Check this out. Hey, yeah. And it's a refreshing but genuine visceral hatred we have. And we want him to know that. And the last thing that we should want and the last thing I want, I want anybody to die. Okay. That's that. That's,

No. I particularly, I don't want him just to be alive this November. I want him to be cognizant because I want him to know how much the American people hate his fucking guts. I'm sorry. I miss the language alert again. I hear with their Democrat Zen moment at the end. There's another language alert. I'll remind you at the end. I'm really, really trying my heart is to put a square. Welch on the Queens in me. Do you see how angry this guy is? Folks, I'm going to tell you some. From a guy who's run in elections and been in this business a while, anger as a movement can, I'm not going to tell you, doesn't work. It can work if it's, and I mean, I don't mean in a good way. I mean, you saw it with the growth of the Bolsheviks and the growth of the Nazi national socialist movement in Germany. Anger can work. And it usually ends. in death and destruction, starvation, torture,

and basically national humiliation. Anger in the United States with a prosperous, burgeoning middle class in a relatively healthy economy, I'm telling you, is not going to work. It just isn't. People do not, outside of this raging group of far-left liberal Democrats who want to kill and docks and bomb everyone on the other side,

this is not a mainstream movement. Contrast the faces. Do you guys got a screenshot of that face? Carville's like, he looks like he's ready to kill someone. I love how he throws the caveat in there, too, by the way. Well, I don't want anybody to get herdery. Oh, gee, thanks, buddy. Like, that's really nice.

You threw that in there, like a little asterisk footnote. Look at the face on this guy. I mean, you want that on a campaign bumper sticker? Vote for this guy. He's so angry, but don't worry. He doesn't want anybody bombed or hurt. That's your message? Folks, this is going nowhere.

The rage campaign on the left is going to implode as long as we keep the economy in relatively good condition. I mean, they've been relegated now to like screaming at the quarterback of the giants because he introduced the President of the United States, Donald Trump, at a rally. And by the way, why is this? I saw this yesterday.

You know, it's Jackson Dark guy. I've been slowly, like, I'm into college football. I've been slowly trying to. it's newsy following the NFL again. I'm not that hip on the pro sports. However, put up that tweet, if you would. This is by a Mike, what is it, Caropolo or something? So the quarterback of the Giants football team does nothing wrong.

He introduces Donald Trump at a rally. Who cares? Mike Garofalo tweets, Giants quarterback, Jackson Dart, addressed teammates in a meeting yesterday to discuss his introduction to President Trump last week. Other team leaders spoke up as well. And Dart and the players worked through it. They were moving forward.

Work through what? What the hell is it? What are we working through? What's to, I don't understand what's to work through. Listen, Jackson, I don't know you at all. You appear very talented. My father's a Giants fan. I'm not.

All I remember back in the day was Phil Sims and Jeff Hostetler and Zik Mowat and that team back in the day. I used to follow football a lot. Harry Carson and those guys. However, what do, I don't know if you apologize. Do not apologize. You are a free American citizen. You are a potential rock star, all pro player in this league at some point.

You don't need to apologize to people. I hope you didn't. Do not, listen to me, there is nothing good that's going to come out of this. I've told you, this is the tendency of people, listen to your boy DB here for a second. You're like, he's not, well, just pretend. I went through this at the FBI.

We had an incredible year. Crush violent crime, transformed the whole plate, whatever. Self-praise things. People have this tendency in government to come out and want to talk about it endlessly to over-explain themselves because they feel the need to, like, counter their critics. Let me tell you something. The people who know what you did respect it, just like in my time,

and don't give a shit. They don't want to hear about your accolades endlessly. Great, great, good, you mentioned it. The people who hate you don't care about your results. They just hate you. It doesn't matter. You can apologize a thousand times. You're only over explaining. Nobody who matters cares. I promise you. It is a huge mistake. Someone sent me a cup once, a listener. It says no kowtow, no apologies. It's not that I don't do things wrong. It's that the

apologies are relevant about these particular matters. You go out and kick grandma on the street. You damn well better apologize. Don't ever kick grandma, by the way. But you have a political stance that's unpopular your audience, you're going to have political stances. His brother Leo told me when I went to Malloy High School, he was the guidance council. Real men walk alone, brother. You take a stance in your life, there's always a counterparty. That's why it's a stance. Someone else is going to hate it. Take a stance on abortion. It's going to be someone who's pro-killing babies. You can't try to make everybody happy. It is a huge mistake. Your friends don't need it. Your allies don't need it. And your enemies don't give it. And your enemies

don't give a shit. Please stop doing this. He's probably a young man. It's probably half my age, probably less than half my age. I'm telling you as a friend in this, because my dad likes the Giants, please don't do this. And to any NFL or NBA or any other player who wants to go out and introduce a break, just do it. Don't apologize for it. Now, I'm going to show you the difference, by the way, because contrast matter, right? Practice what you preach. You talk about contrast in politics. It's not good enough to talk about you. You got to talk about your opponent what they're doing wrong too. Contrast matter. So you got angry James Carville, scream at, he effing hate you, brother, with the face and the snarl. The dude's going to need some Botox

by the time he's done. He's going to wrinkle his face. He looks so pissed off. Contrast that with smiling happy Marco Rubio, smiling happy Donald Trump, smiling happy J.D. Vance. You get Pete up there, always celebrating Pete Hegsett, Secretary of War, the Wonders of the country. Contrast the two. And you see why the MAGA movement has historic popularity with the Republican Party, why the Democrats hate their own dog food Democrats. The dog food Dems are all they have.

That's all they have is dog food. You're not getting a Smith & Molinsky steak over there. Sorry. There we get. There it. Wait, hold this. We are going to play. This gets even better.

No, hold it. These guys like Marcos, so they're dancing inside. I thought they were doing their air squats. I didn't even know Andy dance. He's got hips like a fire hydrant, not like Shakira. His hips do lie, I promise. He's got the same like gringo dancing jeans I do, which is to say none. Zero at all.

Although I did dance at my wedding and the guy who owned the place said I was actually pretty good. I know he's lying. I think he just likes the show. I'm going to show you about that in a minute. That was kind of a birthday greeting they put out for Secretary Rubio, contrast that with Angry Carville and Mark Warner. I can't believe. It's an election.

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Compare and contrast. Was Marco Rubio's birthday? Was it yesterday, fellas? He's a little bit older than me. This is how crazy. I didn't even know he's a couple of years. He looks amazing. I thought he was my age. He's a little older.

I think he was 55 or something. But the Department of State, one of Marco's 15 different jobs in the administration. Marco Rubio's probably going to be running probably the post office next because he's so good at all this. This is the Trump administration. messaging they put out versus Jim Carver. We effing hate your guts, man. Give me some Botox because I wrinkled up my face,

screaming to President Trump telling him for the 10th time how much we hate him. Here's the other message. Check this out. Justin's dancing in there. He's got like the body rocking thing going on in there. Justin's a little younger. That's the messaging coming out of the Whiteout.

We live in a great country, have some fun with it. I know there was some people. I said, oh, the White House, you know, Department of State, Trump administration shouldn't be putting this stuff. Oh, stop being such stiffs, man. It's fun. It's fun. I get it.

Thank God we got people like Rubio and Vice President Vance and Pete in there now. Don't sleep on Pete, by the way. I've said this a couple times for a significant role in 2028. I don't know what that may be. He could be a VP selection for someone. You know, I think he's doing a bang-up job. And I promise you, I say that as objectively as possible, not just because we've had a working relationship

and a friendly relationship at Fox and elsewhere. Now, again, compare that with these absolute zeros and their snapshots and sound bites. You've got this like free spirit, like kind of relatable, natural, totally authentic guy in Rubio. And then you've got Talafriko with his napkin using barbecue eating buffoonery.

Again, I think of like the icons of Texas history, Booy, Houston, all of them. And then you get Tala Frico who can't even eat a piece of barbecue meat. Oh my gosh, I may get some barbecue residue on my, I don't want those heterocyclic amines from the barbecue to get on my phone. What just eat the freaking barbecue, bro? Stick the barbecue in your mouth. Get your hands dirty.

Someone will give you a wipee later. Wuss. Here's TalaFrico on the phenomenon that many of you are going to be confused by. Justin was like, is that a thing? Apparently it is a thing. How it's going to roll in Texas? Texas. I don't know. Talafriko apparently is very concerned about men and abortions. Like you mean men like donating to it? No, no, men having abortions. Now if you're confused here like, men can't have abortion? No, they can't. However, this is a big issue for Talafrico, a male abortion. Don't listen to me. Listen to Talaifriko. Listen to Tala

Rico in Texas. Check this out. I want to acknowledge that our trans community needs abortion care too. Defending trans Texas is something we have to do every day. No, they don't. No, dudes don't need a matter of fact, no one should be getting it aboard. You don't want to wipe out a human life, okay? Forget that fact. Men cannot have abortions. Do we even have to say this? I hate to say that I got a wait time on this on the Dan Bonino show. If you are a dude, you cannot get a, pregnant. Therefore, terminating the life in the womb is not a possibility because it will be no life in a womb you don't have. Now, here's an interview I saw Tala Frico doing with this female activist. Some of you get the joke, right? Tala Frico doing with a female activist. And she's apparently

into all this trans stuff and how men can have unit. I mean, men can have vaginas, women can have units and stuff like that. I was totally unaware that that's a thing because it's not. But this is a really fascinating interview, a little bit of a blast from the past. I need you to check this out to see the insanity of all of this. Check this out. Women have penises, right? Some men have vaginas. That's not how gender works. How do we know that that's not true? Where do we learn that from? Yeah, well, I learned that from hearing from transgender people who've said, like, oh, I'm a trans woman. And just because I happen to have a penis, right, that doesn't mean that this is like who I am as a person, or that genitalia doesn't equal gender,

who they are, their gender, their gender expression, that, yeah, trans woman is a woman. With the fluidity of these things, how do I know if I'm a woman? That's a great question. I like scented candles. Yeah. I've watched sex in the city. Yeah.

Yeah. So how do I know? Yeah, Matt, that question right there, like, that question is, like, when it's asked with a lot of curiosity, right? That's the beginning of a lot of people's, like, gender identity development journeys. I'm glad you guys caught on to that. It was a little worried. Like, they're going to be like, what do you mean?

Of course, that's not Talafriko. That is the great Matt Walshroom is a fascinating and amazing movie. What is a woman? I played that because Matt, who's a conservative commentator, is obviously being sarcastic and the woman doesn't catch on because they're so living in a bubble. The reason I played it is

that displaced Matt and put Tala Frico's face on. Those would be serious questions. How do I know I'm not? Matt's being funny. Talafrico's not. He's really telling you that men can have abortions. And he thinks that's going to roll in

Texas. Folks, compare and control. contrast again, the insanity going on with Carville, Botox face, screaming and yelling, bomb threats, death threats, threats against the Trump family, Iranian messaging all over. He shouldn't bomb Iran. He shouldn't engage in negotiations with Iran. Iran's great. Fomy finger number one Iran. We love the Malauocracy. I've never seen a party so consumed with eating dog food. There's nothing. I can't tell you a single thing they're offering you other than like,

we're going to steal your property through socialism. That's it. They don't have a message on anything. And to kind of... Boys have a penis. Girls have a vagina. Is that from kindergarten cop? Bam.

That's way before your time, Justin. Good call on that one. The boy knows it from kindergarten cop. That kid is what? Five? I don't even know I'm getting terrible at judging age ever since my kids got older. that was a skin that was a skin to movie that probably wouldn't get past the DEI people in

Hollywood you can't say that you know what they do they'll boycott the kid he's fine they'll be like no no boycott his family destroy their business for acting in the movie compare that with the dubs the w's being racked up by the trump administration because folks yeah that we you know it's Friday shows a little lighter today not lighter on content but you know it's i want you all to laugh a little bit, but it's not funny. It's none of this is funny. Like we could lose our country to the idiocrysis, the barbecue eating Talafrico, Botox, Carville. Like, we could lose the country these people. It's a very real possibility. Contrast that with the Trump administration, which for all the BS about Donald Trump, Orange Man, Bad, all this other stuff, the guy just continues

to rack up W's. Continues to rack up Ws. We found out there was massive government fraud going on. What does he do? He thinks it's so important. He says, Vice President Vance, Get on it. J.D. Vance is on it not even 30 days, and they're into like the hundreds of federal indictments and billions of dollars save. I had worked with this gentleman at the Department of Justice. Not that it matters, but he's a very, very good, competent, solid attorney. Colin McDonald's, the assistant attorney general, working with Vice President Vance and all this. He was on Fox yesterday, which is some staggering numbers. Contrast this with the Democrat. We effing hate you. They don't have anything other than like women can have.

have a penis. Like that's their thing and we don't know how to eat barbecue. Check this out. Really the worst of the worst kind of conduct that we encounter, which is people who pray on the elderly, the sick and the needy. They take their money, but they also steal their identities. They steal their personal information to make it appear as though those sick and needy and elderly are in fact their patients. And then they bill the taxpayer for services that they do not render to those patients. It's very egregious conduct. These are not paperwork crimes that we're after. These are crimes that affect our communities, that affect the most vulnerable among us. And that's what we are devoted more now than ever before to solving and to stamping out.

Folks, Colin is excellent at what he does. But I brought this clip up for a reason, not just because of the obvious point about the W's the Trump administration continues to rack up. They're doing things. Forget them nothing is happening losers. They just got smoke. Forget them. Nobody's paying attention to them. We notice everything kind of calmed down after that too now that the foreign money's dried up.

Do you notice that? You online? Tell me in the chat. Did you not notice it? I told you it wasn't up. Do you notice every, the temperature has gone down like 30 degrees right now, Fahrenheit or Celsius, it doesn't even matter. Because now the foreign money dried up.

That's what's going on. It was always an op. Colin brings up an amazing point. Folks, you know when people in politics, they say this a lot, it's a cliche, and they don't even mean it. They'll say something like, well, that should be bipartisan. And they don't really mean it. Government fraud, no matter where you are on the ideological political spectrum,

AOC versus Jim Jordan and Ted Cruz, total opposites, correct? Why would you not be interested in arresting people? who stole taxpayer money. I really, this I don't understand. I like to think I understand a lot or I wouldn't have a podcast in politics. I genuinely don't understand how even like the AOC crowd,

they don't run on this saying, hey, government can be, I'm not telling you this is true. I'm just telling you this could be their message. You know, government's such a positive externality force and all these great things happen. You didn't build that. Government built it, whatever.

but people stealing from government is not a good thing, just like people stealing from a charity. We wanted to go to people who are actually a need. How is this not a bipartisan message? They can't do it. And the reason they can't do it, I just explained it to myself as neurons started firing in the super-chaismatic nucleus as the light flows into my retina here. I'm telling you why they won't do it. They won't do it because they are afraid that the scale and scope of government fraud

is so bad that people, People will never trust government to do anything in the future, even things they think are net goods. That's why the scale of this is like nothing you've ever seen. It's like a charity that doesn't only have a fraud problem. You find out is 90% fraud. That's why they want to hide this. And yes, good point, Justin Mason. Justin's point is sound.

You know what it is? Because Trump did it. I promise you, if Joe Biden did this, they'd be highlighting it. Barack Obama, forget it. Barack Obama, they'd be carving him into Mount Rushmore right now. It's like, the anti-fraud president, it would be amazing. But you're right, Donald Trump does it. So show your ass theory.

They got to hate it. Right, it is Friday. We had an interesting interview with Dr. Mike yesterday. You know, I love my Maha moments. This is a huge portion of our movement. I'm so proud of the fact, by the way, that the Democrats were not smart enough to catch on to this flourishing component of MAGA, the subcomponent of MAGA, which is the Make America Healthy Again movement.

Folks, this is long overdue. The era of like sit on your ass and eat rice cakes, upside down food pyramids, stupid advice from the government, hey, eat your rice cakes or whatever. That is over, over. And a powerful growing portion of this movement as we start to coalesce around the midterms.

Is this maha, make America healthy again movement? Because it applies to everyone. You know why? Because everyone is a one who has a body and a system and doesn't want to die. Because the Golden Rule of the Dan Bongino show is please don't get dead. You don't want to get dead because getting dead is final. One of the guests we had on the show about this, the health hacks, is a fantastic Dr. Ronda Patrick.

She was talking about the dangers of body fat. You're like, yeah, you don't want to be overweight. Yeah, but did you ever say to yourself, why? It's not just the physics of it that eats up your joints. It makes your heart have to, you know, support extra weight you don't need. folks fat in your body visceral fat does things it's biologically active and they're really bad not good that's why obesity and these old school democrats remember justin everyone in the show is in really good shape remember in the back they were like body positivity no no there's nothing positive

about that you're gonna die and this show's not going to bullshit you don't tell me you don't have time and a bullshit i don't have time i'm sorry i'm 51 with bad arthritis i'm still busting my ass in a gym. You want to find time and not die, you'll find it. Here's Dr. Rhonda talking about how bad this visceral fat is. Get rid of it. Stat, check this out. So that is a big consequence of having this visceral fat in addition to those inflammatory molecules that are being generated from this fat. It's just so metabolically active. And that inflammation that you're generating not only does things like raise your cancer risk by 44%. It also makes you tired. It gives you brain fog, lethargy. When your immune system is being activated by this inflammation,

you're taking energy away from your brain. It's a lot of energy to activate your immune system. Yeah, so that energy is now going to the wrong place. It's not going to your brain. So you can feel, you won't feel cognitively as sharp and- Absolutely won't. Just think about when you're, when you have an infection. Your immune system is very active. You're fighting off a pathogen, right? Do you feel like you're tired or do you feel like your cognitive, cognitively at your peak. Yeah, I'm like, I'm out of action for several days usually. Right.

You're tired and your brain isn't working. And part of that reason is because your activation of your immune system is sucking energy away from your brain. And the other reason is because the inflammation being generated gets into the brain and disrupts neurotransmitters and things like that. So it's like a double whammy. Your brain isn't working properly. And so there's a lot of people walking around constantly feeling tired, feeling lethargic,

feeling brain fog. and they might have a high amount of visceral fat and not even know it. Listen, man, I'm just telling you because I care about you. Again, I know it's not a popular thing to say, but this body positivity thing is not a thing, okay? It's going to kill you. It's going to kill you. You've got all of these different, like, pharmaceuticals out there.

You got to do it. I know some people in the chat are getting pissed off at me. That's okay. Someone said, Dan, I've been listening to you as a P1. How is it that you've been 51 for 15 years? I don't know. It's crazy. I've like to find the chronological age.

I'm old forever. You're right. I am always complaining about age and getting old and falling apart. I'm just trying to help and I'm going to do the right thing. If it encourages one person to say, I've had enough of this, I'm going to get back in shape, then I'm doing it. Because I need you around, because I need you to not get dead. There's another clip I saw yesterday, too.

And please, please don't go anywhere. You know what, I'm probably going to get to it a little bit early. You know what? I think I'm going to get to it. Let me do my Democrats then. and then I'll do the spot. We'll save that clip about the quantum stuff, maybe too heavy right now. Anyway, please, I'm asking you as a favor. I don't care about the views, the clicks, none of that. I'm telling you as a friend, this next interview with Peter Saint-Anj on AI and where it's going to go, a lot of the gloom and doom, you will get a lot less nervous after this interview.

As a matter of fact, some of you may have a smile on your face. This is going to be an explosion of economic growth. to play this though for you because it is Friday. Producer Jim always puts together for us a nice relaxing moment at the end of the week. We call it Democrat Zen, where you get one of these nice peaceful Democrats talking about how wonderful the world is going to be in their Polyaneus utopian view tomorrow. This will put you at ease. Get ready to meditate. Get like you're smelling salts and your smoking jacket out. Get ready to go. Thank you, producer Jim, for this Democrat Zen moment. Language warning. Yes, thank you, Justin. Language alert. Your Democrat Zen moment. of the day. A peaceful moment to center your mind.

Stupid fuck. This has been Democrat Zen. Thank you, ma'am. We needed that on a Friday. And you know, the Democrats complain about my language sometimes. I'm sorry, you know, I grew up in Queens and in Queens that I know it sounds crazy, especially to folks who live in like the Bible Belt and elsewhere. And I'm not telling you it's right, but curse words in New York City are not like consider curse words. I know that sounds crazy. I told you the first time I realized like the F bomb was a

really horrendous thing. You're going to laugh. I moved to Maryland. I was at a house party and I slipped one in on accident. And the whole party like stopped. Did he just say that? It was like this middle class neighborhood in Sanverna Park. I lived in. Everybody was stunned. Okay. I'm going to get to this interview. Take a quick break. I'm going to get to this interview a little early. Please check it out. It is really worth your time. We're going to clip it up to send it around, spread it to your friends because I hate doomers and gloomers and everyone's going to die. I. I'm I don't need that in my life. I'm sorry.

I'm getting too old for that shit. As the listener said, I've been 51 for the last 15 years. Hey, criminals, they exploit weak systems. I know that because I've seen it firsthand throughout my career in law enforcement. That's why I'm proactive about my own privacy. I'm like really proactive on my own privacy.

We've had a lot of problems. I don't wait for something bad to happen. I took control early. I use delete me. You should too. It's never been easier to find personal information online. For anyone, folks, It is way too easy.

Your home address, your phone number, even your family's names, your kids' names can be exposed and they have real world consequences. Today, a lot of bad actors are using this data to target public servants, businesses, and everyday people just for their opinions. You've seen all the doxing going on. With Delete Me, you can protect your personal or business privacy from doxing before sensitive information is exploited. Before.

It's critical to take action, do it today. Delete Me makes it really easy. Take control of your data and keep your private life private by signing up for Delete Me. Now with a special discount for our listeners, get 20% off your Delete Me plan when you go to join delete me.com slash Bongino and use promo code Bongino at checkout. The only way to get 20% off is to go to join delete me.com slash Bonino and enter Code Bongino at checkout. That's join delete me.com slash bonjino, code Bonjino. Man, am I excited? I feel like I know this gentleman already. I cover his clips all the time.

Professor Peter St. Ange's website is Prof P-R-O-F, short for Professor, st-O-N-G-E.com, Prof-S-T-O-F-N-G-E-O-F-N-G-E on Twitter-X. I strongly recommend you check it out for your economic advice of the day. Sir, welcome to the show. So good to have you. Thank you for having me on. Yeah, I feel like we know each other. I played so many of your clips.

You just have such a really good balanced perspective. on everything. So I think the biggest question economically the average American has right now is obviously artificial intelligence. Where is it going? Is this the dot com era? Is it a new industrial revolution? Is it like nuclear power? However, the ROI on it, the return on investment, there's trillions and trillions of dollars being spent. Some of these companies are clearly not going to see that future financial benefit materialize. But the technology is so profound, in its scale and scope that I'm not sure the doomsday predictions of the dot com era part two are accurate. What's your thoughts on that? Yeah, it's funny. So I think you and I are the age where,

you know, dot com came in when we were young. And the assumption of the time was that that that was like a once in a lifetime, maybe a once in a millennium invention, the internet. And I think what's been shocking is that in many ways, AI is much bigger. I mean, like 5X, arguably 10x. If you look at things like dominance of VC capital, if you're a venture capitalist right now, there's almost nothing but AI. It's much more dominant than it was during dot com. The amounts invested, again, there's something like 8x, what was invested. Inflation adjusted, what was inflation during dot com. During dot com, it was fiber optics, it was infrastructure, it was servers. When you look at the scale of these hyperscalers, of the data centers,

this is much bigger in terms of money, in terms of sort of VC bandwidth. And then the other side of it is, of course, the revenue. And their AI is interesting because the revenue case is much, much stronger than it was for dot com. So during dot com, I remember Paul Krugman made fun of the internet. He said, you know, we're going to run out of things to say. That's right. I don't think we're there yet. There was an analyst who, you know, they said.

said, I don't get Yahoo. You know, it's like opening a storefront and giving everybody a free glass of water so they can watch ads. I don't get how you make money off that. Like, when you really boil out the sort of use case in the first five, ten years of the internet, it was pretty weak. You know, it was it was Google guiding your searches, putting display ads up. It was display ads all over the place, Amazon.com.

That was pretty much it, right? The rest of it, like Reddit, it was just people goofing around. There's very little money to be made. Now, if you compare that to AI, I mean, there we're talking like 100x. The monetization is so clear in AI. So Goldman Sachs, for example, they've run experiments where, you know, they used to have a whole team of quarter million dollar analysts on, you know, IPO paperwork. And now they can do it in like 15 minutes with claw and they just need one guy to go through and make sure it didn't do anything stupid. you're seeing across the board like 10x reductions in cost.

That, of course, means that companies are willing to pay up to 9x worth of tokens. So I think, you know, you see complaints on, for example, zero hedge. I love zero hedge, but you would lose money listening to them. They, you know, they want to poo-poo everything, every trend. And, you know, they've been talking a lot about the circular, how the vendors are financing. So during dot com, I worked in a telecom's company, Harris Corporation, We did vendor financing. That's how the world works.

Welcome to reality. I think if you look at the underlying economics of AI, they are so much stronger than dot com that honestly, is it a bubble? Without a doubt, it's a bubble. You can look at Nvidia. You can look at Broadcom at their stock price. The question is, does it have longer to run?

I think it's got a lot longer to run. I think so, too. We're talking to Peter San Anj. If you're listening on Apple or Spotify, please check them out on Exite. Highly, highly recommended. you will be far smarter. One of the reasons I think the comparison is bunk between the dot-com era

and even the industrial revolution and the electrification of the economy is, sir, think about it. Like, you know, when you had a coal-generating electrical plan early on, imagine the CAP-X to build out the electrical lines. The CAP-X on the consumer end to electrify your entire home and build out the wire so it didn't burn down. Now, you're seeing similar KAPX expenditure on the production side with the labs pouring trillions, meta and others pouring trillions into it. But the implementation, you don't have to rewire your house. If you're running whatever, dogtoys.com, you don't have to pay a web developer $10,000 for a website. All you've got to do is go on chat GPT or Google Gemini.

It's almost essentially free to you. So I don't even buy the comparisons. I think that's why you're optimistic. I agree with you, like, this is not the dot-com era where you've got to move an entire consumer market from in-person consumption to online. You just basically give them the website and let them implement it in their own HVAC business with an HVAC agent. And you make a great point, which is that I think the key on AI that's getting lost

is that it is a massively democratizing technology. Right. So a single person can build literally a billion dollar business. There was a guy who he built a business using AI to compete with Hymns for GLP1 drugs. $1.8 billion. One dude, he didn't even need contractors. He just fed it all into clawed and then he checked it over for mistakes. It is massively democratizing not only an economic opportunity, but especially in jobs.

The story of AI is a massive blue-collar boom. If the Industrial Revolution was Revenge of the Nerds, right, where physical labor got devalued, and then cognitive intellectual labor took over the world. AI is the exact opposite. AI commoditizes that specialist information. If you've got a robot with AI in it from Tesla, for example, and it's folding your laundry, well, guess what? It can also do brain surgery.

So AI massively devalues the nerds. It's revenge of the shop class. You're already seeing that, for example. Pricewaterhouse Cooper's, they're estimating 4.7 million construction jobs in data center construction. These are electricians. They're doing the infrastructure. They're doing the racks, the servers themselves. They're building the things. This is what gets lost in it because the AI doom porn, how all the jobs are going to vanish, those are written by journalists who are losing their jobs to AI. They're written by professors who are being replaced by AI.

analysts who work at think tanks who are being replaced by AI. The tiny portion of the economy that is going to get gutted by AI are the specific people who are writing the doom porn. If you zoom out, AI is massive for the rest of the economy, for the other 80%, as especially for the blue collars, who, by the way, their jobs are going to Americans now because of mass deportations. You know, the messaging component is tough with this because you're dealing with a tidal wave of foreign money. You're dealing with a bunch of foreign governments that want to see us lose the

AI fight. It's been tough. However, to give a balanced perspective on it, I'd just say one last point on the upside. The democratization of this technology, can you imagine how many, I mentioned this idea yesterday. I've fortunate I had to deal with cancer, thank the Lord, I'm done with it now, but when you see a nine-year-old with leukemia and MD Anderson wheeled in with a cannula and a food tube in at the end of his life, the minute AI comes out with a breakthrough that can save these lives. Peter, I'm telling you it's going to change. It's going to be really hard to argue against that. I think that alone is going to change the doom poor narrative. That is a fantastic point. If you look at the actual wins on AI so far, we've got much better

weather models. This is important for farming, for scheduling, transportation, things like that. But the biggest single win, and again, this is, I don't see this anywhere. Protein folding by a AI, Deep Mind, that won the 2024 Chemistry Nobel. Okay, this is not something weird and fringe. Protein folding tells you how genes can, or how drugs interact with the body, because they tell you sort of the missing link between the genes and the actual effect in the body. They're absolutely massive. They're a holy grail.

That is the single biggest contribution. That alone is bigger than the internet managed in its first 10 years. We're already looking at drug development is compressed. So, you know, what used to take years, identifying targets is now taking months, estimates that drug development is going to compress from 10 or 15 years to 5 or 7. The number of lives being saved like that, right? So, again, there's this narrative from the doom porters that, you know, chat GPT is about sociology students cheating on their essays. No. This is going to be absolutely tremendous.

It's possible that we could even go after aging itself. I think there are going to be the impact ultimately of AI, I think it's going to be on the order of electricity. It's going to be absolutely massive. Yeah, I couldn't agree with you more. On the downside component, we are dealing with a massive messaging machine. What I love about your X channel, again,

it's at Proff, short for Professor St. Ange, S-T-O-N-G-E. Check that out. It's in the background if you're watching on video. There is a heavy doom porn business out there from people. I believe a lot of it's foreign when you trace some of the money. you know, Kevin O'Leary, Mr. Wonderful, has done some exposés on this with a data center he's conducting out there in Utah, he's an investor in. I think we are going to have to deal with the old kind of, you know, this class warfare battle that's been ginned up by the socialists against us from the beginning of time. And the wealth creation from this, I agree with you, is going to be on par with, and I think supersede electricity.

There are going to be trillionaires, and a lot of them are not a possibility or a guarantee. The messaging component is going to be the tough. What I love about your ex-channel is you never fall for these bullshit stories. You know, you'll tell the story. But it's a real thing we're going to have to deal with, whether it's an unparalleled legacy of philanthropy where a bunch of these trillionaires pledged to give away a lot of their wealth. We are going to have to deal with this because we've been dealing with it basically unsuccessfully since the beginning of time. as you can see, because Bernie Sanders' message unbelievably still resonates.

Yeah, well, Elizabeth Warren, for example, she just came out with this street. It's a coordinated attack by a number of Democrats where they want to tax AI. And their point is that we tax workers, we have all these burdens that we place on workers and we don't place them on AI. Now, I agree with her, right? Yeah, no, we should get rid of payroll tax. We should get rid of the income tax without a doubt. But yes, the left is going to make hay on this.

If you look at opinion surveys, most Americans are hostile to AI. That's especially the case for young people. Above all, for college students, there was a speaker at UCF a couple weeks ago who got booed off stage for saying nice things about AI. And, you know, some of that is misunderstanding on the jobs. You know, if you sort of zoom out on it, a house painter in the United States, which is industrialized, makes 10 times more, I'm sorry, 20 times more, $200. a day, 20 times more than they make in India. Why? Because India is only half industrialized. Right. What people don't understand, thousands of years of technological innovation. There's been a concern forever. The ancient Greeks worried that oxen were going to replace men. We'd have too many

men. We'd have to start wars to get rid of them. All right, technological unemployment is not new. It's very, very old. And what happens every time is some people take a step down on an escalator. Okay. They end up much, much higher. Okay. So, When a house painter in America who was victimized by automation, we are a high automation society, they're relatively at the bottom of the ladder, but they're making 20 times what they would have made before the Industrial Revolution. So that's what we're going to get out on the other end of it. So in the long run, it's fine. The problem is you've got a bunch of people in the middle. You've got a bunch of people who've got crappy degrees. They've got useless degrees. Roughly

half of degrees are, you know, English majors, sociology majors. They end up working at Goldman Sachs because they have generally high IQ and Goldman find something to do with them. But those people, those generalists are absolutely going to get socked. You know, you've got probably 20 million admin jobs inside of large organizations doing medical bill processing. Those people are going to wiped out. They're going to be very upset about it. They are going to take a step down on the escalator.

Eventually, the escalator comes up. But, you know, if somebody's starving right now or, you know, anyway, trying to make Bill's meat and you tell them, it's going to be fine in 10 years. That's a trick. So absolutely, you know, the biggest goal there is that government gets proactively out of the way. If you've got a small business, hiring somebody should be like ordering something on Amazon, right? Today, anybody who runs a business, there is so much, you know, compliance, regulation, so much you have to jump through, get rid of all that, remove the friction. We've got that a bit with the, what they call it, the gig economy, right? So door dash, task rabbit. But we have sort of the basics of it, and that is spreading really fast. But that's the solutions.

That's going to be very, very easy to hire people. Beyond that, you know, people worry about the energy usage of data centers. Trump recently required that AI companies have to build their own generation. It's a very, very good idea. The water thing is BS. AI uses almost no water. There was a one of the guys from the All-in podcast had a tweet. He said, F. Alman's, you know, because I'm,

Solomon's used like 100 times more water. That's fake news. But yeah, but right, the areas where AI is actually impacting people, you know, data centers have to learn how to bribe local towns, you know, like if a data center comes into some small towns and says, look, we're going to give you so much money, you're not going to have to pay any property taxes. Okay, that changes the equation. So they've got to get more proactive about that. And absolutely, the rest of us have to be prepared that just as the industrial revolution, they are going to be coming at it with everything they got. And you know what? This generation of

younger kids is, you know, and I find a little distasteful when you see a lot of people out there. They're always like crapping on the, yeah, yeah. We were all like that. I mean, everybody thought they knew everything at 20, you know, and then you've turned 40, you realize how little you knew at 20. But it's part of the journey is to like fall in your face and dust off. But they are, this is more of a kind of bohemian generation.

You know, they like to travel. They like their free time. You brought something, I wasn't an intended question. I want to move on to the macro economy, but you brought up something fascinating. AI and mixing and matching and the ability of these super intelligence to go and find a needle in a haystack

in an employment market, you know, these younger folks with their skill sets could possibly go out in this massive gig economy and forget about like Uber and DoorDash. They could just, like you said, Task Rabbit or whatever, say they've got some experience, whatever it may be. have an HVAC business and they want to go fact check, you know, AI HVAC answers on questions. They're going to be able to do that, pick a job for maybe two or three weeks, make themselves

50K, go off to Paris or Europe, come back and do it. I mean, really, this has the potential. I don't believe in utopian fallacies, but this has a really, really big potential to give them everything they want. Their cake and eat it too. I think you describe it perfectly. That is exactly what's going to happen. You know, it will take you about 40 minutes on YouTube right now to learn how to repair a screen.

Okay. It's a big issue in Florida, right? Take you 40 minutes and then you can hang a shingle, you can go out, go on task, grab it. You can do that right now, right? When people talk about where the job's coming from, they're all around two-thirds of Americans mow their own lawn. There's an unlimited number of jobs out there. There's pet sitting. There's taking care of older people, keeping them company.

There's an unlimited number of jobs. That's exactly what's going to happen. If the incomes go up 20x, people are, they're going to work for a couple months. This already happens in a lot of industries. People in oil rigs are on fishing boats. They work two, three months, and then they chill out the rest of the year. It's not that bad compared to the soul-crushing cubicle jobs that the best majority people have today.

Right. It's like you can't make both arguments at the same time. Like, we don't want to be Henry Ford assembly line workers, widget here, widget here, and then you get the opportunity to apply your specific skill set to a global economy. online, connected by AI, either one of those arguments doesn't work. I'm really sorry, but you had a great video on your ex account. Again, it's prof, P-R-O-F-S-T-O-N-G-E. I strongly recommend you follow the account.

You were talking about how, in the macro picture, how all the doomsday predictions about the hostilities over in Iran, we're going to have stagflation, back to the Carter era, in other words, stagnation and inflation at the same time, all Phillips curve kind of nonsense stuff. That didn't happen. And yeah, there's been some oil disruptions, no doubt. I'm sure that the president recognizes that.

It's not a politically popular decision, I believe, a necessary one. But the national security component inside, that did not happen. The S&P is doing fine. The NASDAQ's doing great. GDP growth has been better than I think expected. The jobs numbers are doing pretty well. We're not only not in stagflation. We're not stagnant.

And although inflation's not great, it's nowhere near we were in the Biden era. Yeah, no, I absolutely agree. In fact, before the war started, trueflation, you know, whenever you talk about government numbers, people complain, ah, they're pulling them out of their hats. Truflation does real time. They scrape like 1.3 million numbers. 0.7 percent we were running on inflation before the war. Now, since the war, of course, energy came up. Yes, everybody knows this.

Everybody expected that. But the point is, if you look at what happened last oil shock, right? So in the 1970s, stocks ultimately fell by half, gold doubled, bonds held up fine. It has been a completely different economy this time. Gold is down 50% annualized. Gold got a tiny little bump from the war and then just crashed. Stocks have been on fire, so they're up something like 10% on the S&P in, what are we, three months in.

So that's 40, 50% annualized. And I think there's two reasons for that. So on the stocks, the economy has completely changed since the 1970s. Between half and two thirds of the economy is tech. About one fifth is stuff that you drop on your first. So industrial's manufacturing. Now, big reason for that is because we gave manufacturing away from China. China stole it, yes, but Congress had a lot to do with that. So we lost a lot of the stuff that is oil sensitive and what we've replaced that with is tech. And by the way, the entire world,

including China, is very envious of our tech industry. However, that means that the stock market most of it does not care what happens in Iran. Right. Whatever's left is health care. That doesn't care about Iran. It has very little impact. On the gold, I think that's a little bit more concerning, which is that the, you know, normally when you have a war, you have the safe haven move into gold and also into bonds. But in this war, bonds are down annualized 20 percent. Gold is down annualized 40 percent or 50 percent. I think what's happening there is that reality doesn't matter anymore. The question is the Fed. All the market looks at really ever since Allen Greenspan is what the Fed's going to do. Is the Fed going to bail us out? Right. That's why during COVID, we, we have

had a like a world ending catastrophe and yet everything went up like every single asset class soared during COVID. And the reason is because the Fed is ready, right? It's communicated to the markets that anytime anything bad happens, I'm going to shoot a bazooka full of money at it. The issue this time is that when you combine that with oil prices, the fear is that the Fed's actually going to panic. They're going to slash. And then that is what's dominating gold. It's also what's dominating bonds. So the healthy part is that when I was exposed to oil, as we used to be, plus we have a whole bunch of it. Right, the 70s, we didn't have any oil, but we needed it.

Now we have plenty of oil. We're exporting it to the whole world, and we don't really need it. The concerning part is what's going on with the Fed. Well, one of a concerning part of our macro economy for me, which I know watching your videos concerns you as well, is the exploding amount of government debt. It's not a new problem. But I don't know, unlike, you know, Canada,

which had this wake-up moment decades ago, even the United States, which has had it at a time, there doesn't seem to be even a mild concern. I mean, it doesn't even come up. No one even talks about the national debt anymore. The optimistic case is that this AI electrification, industrial revolution, is going to grow productivity that it's going to make the household debt called the United States irrelevant. I'm not necessarily that much of an optimist on it, given the amount of accumulating debt.

However, I am concerned that we're in a race against time against the bond market. You know what, you know, the Clinton era, Clinton was always afraid of the bond vigilantes. They were afraid the bond market was going to disappear with the Fannie and Freddie and all that. But if people stop lending this money, the government has to pay people. It's employees, contractors, it has to pay Social Security. If people stop lending its money, it has to print it. I'm very concerned that we're in a race against time. And this bond market one day just might wake up and say, that we're done.

And then we're screwed. Yeah, we've already seen that happen. countries, Japan and the UK, the UK a couple of years ago, their bond markets blew up. The government basically had to retreat and promise to never, ever again cut taxes. I think that we are very much in that danger. Now, when you look historically what happens at that point, if the bond vigilantes, you know, lose patience, meaning that bond investors are, they don't want to buy all the debt that the government is creating because they say, well, we're not sure you guys are going to pay it back.

So historically, when you get to that kind of bond crisis, or what you're starting to see in these other countries, especially in Japan, is that the central bank steps in. And you get much closer to a world where the central bank is literally printing the budget deficit. Now, the problem with that is that once Congress gets a hold of an unlimited credit card, what do you think they're going to do next? And that goes to your point about the growth, right?

So we had the perfect storm when Trump came into office in 24, which is that we had Doge. We had Trump, who is instinctively hostile to the federal government. he thinks the vast majority is a waste of time. We had Doge, which had, you know, a lot of fire from the Republican base. It amounted to nothing, at which point they switched over to, well, okay, forget cutting spending. Maybe that don't ever happen, but we're going to grow the economy. So Scott Besant, for example, said, you know, the trick at this point is that we get the economy to outrun the debt.

Now, I encourage that as a political project because it helps push through reforms like deregulation and tax cuts and investment promotion. that do grow the economy. So I think it's fighting the good fight. But the issue is, again, going back to Congress, even if, in theory, they manage, you know, they got the AI and the investment, they do everything right, even if they get the economy growing six or eight or 10 percent, I guarantee you Congress is going to spend twice that. Okay, everything you give Congress, they will take that and take double. So you put that together with a Congress that has an unlimited appetite and then a central bank that, you know, you're seeing this trend worldwide, that the central

banks steps in whenever the bond markets blow up, it goes in and just buys the debt itself. Well, that's called monetization. That is converting the debt directly into inflation. So I think that that's how this ends. It's not that the system necessarily collapses on bond markets. I mean, it does initially, but that then gets converted into inflation. At that point, you have a problem where you've got a K-shaped economy, where you got all the rich people, they've got Nvidia stock, their portfolios going up two, three, four times. And they got all these people on the bottom who are financing the whole thing, largely because of these government deficits, they're the ones who are getting the inflation. So we've been seeing that since COVID. I think that

that's going to accelerate that, even more than, you know, the water use and the almonds on AI. I think that's getting a lot of people upset. We're already seeing that, right? We're seeing all these Democratic socialists who are making hay off the fact that prices have gone up so much. It happened under Biden, but, you know, normal people, God bless them, they have jobs, they have real lives. They don't pay attention to this stuff. You know, I got to run, but you brought up such a fantastic point. I've really tried to drill into the skull of people on the fence out there politically, that this never-ending government welfare state of socialism where they endlessly print money eventually results in the K-shaped economy where super wealthy people who have assets,

you can't inflate away the asset. Matter of fact, inflation sometimes works for them. They may have tips bonds. Their house may triple in value. Their house isn't going anywhere. They've got a $10 million mansion that on papers worth 30. It's the same freaking mansion. But if you're living in a housing project and you can't afford to buy bread, you're starving to the... That's what socialism always does. It screws

over the little guy. It's not the oligarchs that lose out. I'm so glad you brought that up. I've got to run, but what... Just an unbelievable thrill to have you on. I've been following you for... I feel like I know you. Please give him a follow on X. P-R-O-F, short for Professor,

S-T-O-O-N-G-E, websites, same, profs, shton, g-e.com. I really hope you come back. Your ex-account is really a source of great material. Thanks so much for your time. Thank you for having me on. You got it. Folks, I'm telling you, I feel like I already know him.

If you watch my show and you're a P-1, he's like a regular member of your household by now. His economic takes are just incredible. No BS. Nice balance approach to everything. No talking points. I love that. I hope that conversation about AI, spread that to your kids.

Spread that last message about socialism, too. Quickest way to make poor people poorer is socialism. Enrich people wealthier, socialism. That's the irony of the whole thing. Don't forget every day, download the Rumble app. Join us at 10 a.m. Also, you get Vince and Haley at 8 a.m. and noon, respectively. You can check us out on the Rumble app or on the web.

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