The Trillionaire Mindset - 26: Is a Recession Coming?

Episode Date: March 25, 2022

This week the guys discuss the possibility of a looming recession, benefits of Pensions vs. 401(k)'s, and whether Russia intends to use Cyber Attacks on the US. Don’t forget to SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/c/trillionairemindset  Listen on Apple Podcasts: http://apple.co/trillionaire Right now, when you purchase a 3-month Babbel subscription, you’ll get an additional 3 months for FREE. That’s 6 months, for the price of 3! Just go to https://BABBEL.com and use promo code TRILL Go to http://public.com/TRILL and you’ll receive a free stock once you open an account. *This is not investment advice. Offer valid for U.S. residents 18+ and subject to account approval. See Public.com/disclosures/ Go to https://SHOPIFY.com/trill for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features Start hiring today with a risk-free 15-day trial. Just go to https://workable.com to start hiring.  Trillionaire Highlights Channel: https://www.youtube.com/c/TrillionaireMindsetHighlights Trillionaire IG: https://www.instagram.com/trillionairepod/ Trillionaire Twitter: https://twitter.com/trillionairepod TMG Studios YouTube: https://www.youtube.com/tinymeatgang TMG Studios IG: https://www.instagram.com/realtmgstudios/ TMG Studios Twitter: https://twitter.com/realtmgstudios BEN https://www.instagram.com/bencahn/ https://twitter.com/Buncahn EMIL https://www.instagram.com/emilderosa/ https://twitter.com/emilderosa   *DISCLOSURE: THE OPINIONS EXPRESSED IN THIS VIDEO ARE SOLELY THOSE OF THE PARTICIPANTS INVOLVED. THESE OPINIONS DO NOT REFLECT THE OPINIONS OF ANYONE ELSE. THIS IS NOT INVESTMENT ADVICE. THE VIEWER OF THE VIDEO IS RESPONSIBLE FOR CONSIDERING ANY INFORMATION CAREFULLY AND MAKING THEIR OWN DECISIONS TO BUY OR SELL OR HOLD ANY INVESTMENT. SOME OF THE CONTENT OF THIS VIDEO IS CONSIDERED TO BE SATIRE AND MAY NOT BE CONSIDERED FACTUAL AND SHOULD BE TAKEN IN SUCH LIGHT. THE COMMENTS MADE IN THIS VIDEO ARE FOR ENTERTAINMENT PURPOSES ONLY AND ARE NOT MEANT TO BE TAKEN LITERALLY.*

Oh man, hey, put on your boat hat. Well, wait. What, wait. We got to tell everyone some exciting stuff has happened. People have, we haven't hit, quite hit sailboat money, but people have donated enough. We're getting close. If you guys will see in here, let me put this on, because I am officially becoming a captain here. We are slowly having, because I am officially becoming a captain here.

We are slowly having, and we're gonna buy a boat, piece by piece. We've got our ore here, and we've got a lifeboat. We've got our life preserver. What else do we need? Well, I'd like a place to sleep. I'm gonna live on the boat. Are we gonna go ship a Thesia style

and just do one piece at a time? I think, I think, plank by plank. Right. That's all we can afford to do unless I wait But you know me I get antsy. Yeah, so climb aboard You know I challenge you to do something like that guy who traded a pen all the way up to a house Oh, right, right, yeah, do that with but with a boat do that but with But with Venmo and everyone Venmo to, uh, yeah, everybody everybody just go ahead and Venmo and meal. What 20 bucks? Whatever. We legitimately could get you a boat. If everybody Venmoed you don't actually do. People have been

Venmoing me. Uh huh. And at first I was sending it back, but now you're just keeping it. Well, but some people started playing like a little game of like then they would send it back to me and I'm like, okay, stop. I'm so new rule you send me money. I'm keeping it. There you go. You heard it here folks. You can send me money too. It's Ben Con one on Venmo if you want to send me money. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Man, Jack Johnson's like music for Christian guys. I liked it in high school. I never did because all the Christian guys who like... We didn't have that. I had Christian guys.

We had Roman Catholics and Irish Catholics. See, those are fun though. Yeah, they're fun. They just like wear a crucifix and like, I love my mother. Did they party? Hell yeah. These guys didn't.

They were just like, let's go to church. No, no, these guys, they weren't religious. They were like, I mean, they identified as like Catholic. Right. These guys. Like, I remember my friend's brother, Joe Pineda, he just had like a fucking like gruesome tattoo of Jesus with the crown of thorns like bleeding.

Yeah. Right, so it was that kind, but like I don't think you ever want the church. I don't think you could say like, Hail Mary if you ask them to. Huh. Yeah, all the Christian guy, there was this one big family. There was like seven cousins who all went to my high school

and they all hung out together and then like all of their friends all hung out together not kidding every single one of them blonde, sandy brown hair, all surfers. And I was jealous. I like them all and they all liked me but I never hung out with them outside of school because they never fucking invited me anywhere. Because they were all is everything was around church. Do you accept Christ into your heart yet Benjamin Conn? Nope. They didn't even know that I they knew that I was Jewish, but they all were part of what's called Calvary, Calvary Chapel. It's like a surf church. Cavalry? Yeah. Cavalry. Yeah, Cavalry Chapel. It's a little crusadey. It's yeah, and their logo was like a way. We're going on a crusade to the beat.

To the beat. But I always felt I always felt out of place and they all loved Star Wars. And I remember one time, God, go on. It's going California. Dude, one of the guys got mad at me because I didn't know like what the Lennium Falcon was. I mean, I did. I was like, is that that's a spaceship, right? And he goes, you don't know what the Millennium Falcon is. And he was a senior and I was a sophomore and he punched me in the shoulder. They were all in the swim team. I just, I was pissed.

Oh, and one of them, real nice guy, he had a clothing company that he started. And everybody would buy shirts. It was called Em, embrace apparel. Do you know what embrace? Stubborn the Lord. Embrace Christ. Yeah.

And he had a shirt. He had this one shirt that he put out. And it was all just like a basic graphic design. Like, oh, this kid's just been doing Photoshop for a year. But he had this one shirt. It was Darwin. It was Charles Darwin. And it was dunking on Darwin?

No, yeah. It was dunking on Darwin, but Darwin. But he had exed out the eyes and wrote liar on them. True. And then, and I'm like, wait, I remember being so frustrated because I'm like, he's not a liar. He's not like, it's not like he knows that God is the truth and he's lying. No, he was.

He was sitting there on the HMS beagle going I'm gonna get these mother-fathers But then below that he had a Bible quote something about the heavens and blah blah and he fucking spelled heavens wrong and Printed dozens of these shirts spelled heavens V a ns have hands have hands. Well, that's actually how they spelled in the Bible I just felt so crazy. I'm like, what is wrong? He's not a liar. That's how he spelled heavens.

I didn't buy a single embrace t-shirt. But everybody wore him, brace. Now those ones with the mispronter actually worth a lot of money. He's making NFTs or something. Hey, Glenn, everybody, check out the disclaimer in the description box. You're gonna wanna click see more

and it'll expand and you'll see the thing. Hey, shout out to everybody who sub to the new channel at youtube.com slash trillion in our minds. Also, we have to say, we underestimated a little bit here. We said we were gonna drop the teaser at 5K. Yeah, we should maybe believe in ourselves more. What do you mean? Oh, oh yeah, yeah, because we underestimated it.

We haven't, full disclosure, we haven't, I can we say we have not shot the teaser yet? No, we haven't shot the teaser yet, but we're going to make it. We're going to shoot it next week. We had us gonna take a lot longer. We're also already almost at 10K. We're like 400 away from 10K.

Yeah. That we do have. We can, we can drop the Joe Biden audio like that. Yeah, we'll, we'll get there. And also I promised Nudes. Oh, we got to get the highlights. I promised people your Nudes when we get to 10k. No, no.

I, check the tweet. You said if you get us to 10k by today, that day you tweeted it. Got it. Everyone is still pretending like my N to drop it you guys missed it Hit the new is aren't dropping No, no, they're not uh can we get the highlights channel to 5,000 you guys because we got the highlights channel as well And we're close there. We're almost at 4,000 there and uh

Oh, so wait, so if you haven't subscribed yet, subscribe, youtube.com slash trillionaire mindset is our channel. Yes. When we, you know, we're gonna release the trailer first, we'll get everyone over there, and then we're gonna start posting these shows there, plus other fun stuff. Yes, and also that doesn't mean that we're leaving

the team evenly at all, in the least. It's just we're, we're baby birds that are no longer being getting regurgitated slop. And we don't want to clog up their feed with our, we want to do other stuff. All the people who are like Cody and Noel, you got nothing left to say, bitch, so you're going to have to go ahead. Or come to our channel and leave a comment because it helps with the album. Yeah, yeah, please leave your comments. Do do it there. Maybe it becomes a me. Oh, also can I say a little hurtful. It's been one week. We asked to get to 10 10 K on this thing, right? We said, we said, you know, I never thought we'd get it. 10 K subscribers. Yeah. What did I ask for last? You asked for 10,000 subscribers on or followers on Instagram.

Yeah. And all you needed was a poultry like 4,500500, and you have a guy in it. And I do want to say, I do want to say thank you to everyone who did help get me to, we're at like 87 now, 87, 100. Didn't get me to 20 either. And that smart. No, that's fine, you're right. Yeah, but I, yeah, you asked for subscribe, say get it, there's not even anything on the page.

Yeah, nothing yet. But I can't get to it. I'll do it, I'll do it the old fashioned way. Post posting thirst traps. Yeah, do that to the grid. We got a beach day this Saturday. It will. Oh, yeah. Take some photos. Maybe we'll let my engagement from the beach. Yeah. Well, I'm going to hit the gym before we go. You don't need to hit the gym. But I'm going on Friday. I'm going tomorrow. So maybe we'll go together. All right. I'll like that. I made the fatal error of telling people that I would respond to any and all any and all DMs showing me screenshot proof of you subscribing to the channel that I would tell you that I love you. And I spent probably total now three to four hours

across the whole day across the last few days, responding to each and everyone. So thank you to everybody who did that and sent me the screenshot, because I did not skip, I didn't miss a single one, I don't think. But there were a couple people who followed the highlights channel thinking

that that's what I was talking about. And they were like, here I follow the channel. I'm like, that's not the right one, but fuck yeah, I fucking love you anyway. You big dumb dumb. The highlights channel's great. Oh yeah. You guys should check it out.

Should I do it to push us over the edge? Oh, oh, tell people that you'll respond to their DMs. I don't think I can do it. It took you so long. It took me so long. And I wasn't copy-pasting on Instagram. I was sending think I can do it. It took you so long. It took me so long and I wasn't copy pasting on Instagram. I was sending voice memos to people and as I'm doing them like okay, these are averaging like eight seconds a piece That means that I can do like I don't know seven or eight per per minute. That means it's gonna take me like

I don't know fucking it took you hours. Yeah, it took me hours But it was worth it you guys are worth it, because I really... They are worth it. I really meant every single I love you, because I do, I love every single one of you. It's awesome. Well, oh, we just subscribed. Oh, and be sure to hit the little bell. What does the bell do?

The bell gives you the notification when we post. Oh, you gotta hit the bell. You gotta smash that bell. Huh? So, yeah, give us a week or so. Well, maybe a little longer, we gotta edit it, but we'll get the teaser. Yeah, the teaser's gonna be fantastic.

There's gonna be a, in it. Ben, cut that. It's a surprise. Oh, okay. There's gonna be a, in it. Bleep out what we said. Yeah. No, cause then it'll sound like we said something horrible.

Yeah, but then that'll be even more of an enticing. There's gonna be a what's gonna be in it. There's gonna be a bleep in it. Yeah, wow. A butt hole. Huh, shall we just dive right into it? And you know what, I'm excited about, man. Gavin Newsom, our shitty governor

who looks like a comic book villain. Doesn't he? He's so, his teeth are two wives. It's like they went to fucking central casting and got like, do you have an evil politician we can use? Yeah. Straight, he looks like out of a teenage meeting in a journal.

You ever see the picture of him and, did you know his ex-wife is dating Donald Trump, Jr.? No. I see. Look at this mother figure. Can you find the picture of him in Kimberly Gilfoil on like the carpet?

That's his ex-wife? Yes, dude on like the carpet that's his ex-wife yes dude Kimberly Gillfoil is his ex-wife god he's such a fucking politician honestly good for her what an upgrade now you just get to do coke with Donnie Jr. oh man they probably get really good coke too I've never done it I've never done cocaine so I wouldn't know but there she is but there's a really funny one of them like laying on a rug It's hard to find he looks so he looks. Oh, yeah, look at this. What the fuck? What where was was this when he was the mayor of San Francisco? I think so he's a man of the people really go foil and her then husband Gavin news and Oh, yeah, so far No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no's a hot guy. Yeah, but he doesn't look quite as evil. Like there, he doesn't look as-

No, he does not look- He's not here. He's like, ah, he's been corrupted. Also, he's such a little fucking baby. Oh yeah, big time baby. Remember when the wildfires were happening? And he was just like standing in a smoldering woods. And he was like, we need to hold our elected leaders accountable.

And it's like, sir, you are the governor. Yeah. Yeah. Oh, nice. Oh, he's clad, look at him. He's standing there in the sepia toned. I think that was the summerville, no, not summerville. Paradise.

It might have been the paradise fire. I don't think it was, but. Oh, well, either way, he sucks a tremendous amount of ass. And. Oh, but what we actually wanted to talk about was they're doing a little tax rebate. Tax rebate for gas. You up to every car owner can get for up to two cars,

$400 per vehicle. Yeah. which I think is a stupid fucking way to do it. Why? What do you think is? Just give it to everyone. Why are you doing it per car? Why would you get more money if you have a second car? Yeah, that's...

You can't drive it. It doesn't, it doesn't mean you're driving more than me. Yeah. I could be driving way more than you. You can't drive both your cars at the same fucking time. And there's people who don't own cars and still drive True so it's really just helping people who own more cars. I want to often wealthier I a lot of family members split cars right? So now you're just giving one person the $400

That's a very good point. Divide up amongst yourself. Yeah, I wonder and what's also funny is electric car owners get it. It doesn't make any sense. It doesn't make, you mean what? A policy hearing before you doesn't make sense. Although now that I'm thinking about it, aren't natural gas prices and everything going up and electricity is probably going up. Your electricity bill is probably going up,

so you're probably paying for it with your electric fee. I want to get a liquid natural gas car. They're paying like a dollar a gallon. It's insane. But I wonder if my scooter is included. Also, oh, if you get 400 bucks for that fucking scooter, I know. I'm gonna try to do it.

Maybe 10% of the price that I paid for the fucking thing. I shouldn't say I'm gonna strangle you. I remember the, I tried to post a picture or the video on Instagram saying I was gonna kill you if he wouldn't subscribe to our channel It was the meal posted a photo POV of him making a finger gun at me saying he would kill me if we didn't get to 10,000 subscribers And you were going, please don't yeah, and Instagram caught it in like five minutes They got me and maybe someone reported me maybe but anyway if you reported a meal Good job because he I felt in danger.

One of the, I also think that these payments are gonna come in July, starting in July. Probably. Yeah, it's gonna take a forever. You know what wouldn't surprise me is if they took tax out of it too. Oh yeah, well that's income. That's income you're getting.

God damn, these fucking people. I swear to God. You know how much money California lost due to fraud from unemployment? Like 10, like over, I want to say, 18 billion dollars got, or maybe even way more than that. It's insane. It's, ah. You're in California.

It's pretty much from people hacking the system, right? Yeah. In other countries, you know, you name it. I'm in the California unemployment mainframe. I'm in the mainframe. I'm people. How much billions did you steal? I just stole. Wow.

$19 billion. It's still calculating. Yeah, California eating 30 19 billion dollars. Well, it's still calculating. Yeah, California eating 30 million, billion dollars in unemployment funds to criminals, holy Christ on the cross. I can't pay for my fucking gas. Oh my God, you couldn't just like tap some Google employees to make your website work

and not be susceptible to that kind of shit. That's a big it's it's probably so hard to hire when you're competing with all these technical things. Yeah, but just like offer them. Hey, we're going to give you a big tax break. We'll give you a huge tax break this year. If you just like take a weekend to build take a weekend to build a website. Fucking God. That's 31 billion dollars. That's always the problem the public sector remember the fucking When they launched Obamacare. Oh, yeah, what did the Zaster just didn't work? Yeah, oh god You know what a big problem. I think in the public sector is too. You know how I mean look if you're a program or don't listen to this but

They can be kind of weird. They don't want to... Coaters? Yeah. Not co-do you know well though? I think They were like, especially like 10 years ago when everyone was trying to hire tech people and everything. They couldn't Entice people to come because everyone in the public sector working for governments and stuff where suits they were like, Nah, I'm not coming in and working. They make you shower.

Yeah. That's a legitimate thing. Right. But you know what, they're laughing all the way to the bank. Or actually, they're probably not. They're probably like... And now they get to be digital nomads because everyone can work from home.

Yeah. Which is tight. I like working from home. I woke up at 7 a.m. this morning. To me, that's sleeping in. I can't sleep in anymore. Really? Why not? I think it's just getting old. You need to relax, man. I do need to relax. I've been I feel like shit lately. Yeah, me too. Well, speaking of feeling like shit, we got a little bit we got some. You know who also

might be going into a depression who oh America no, no, no, yeah, we want to talk about game. I just want to it's worth a mention cuz game stop damn it I actually I don't know if people give a shit. Yeah, you did those good, but sorry Game stop got a bump the meme stocks all got a bump if you're out there don't don't think that necessarily that means it's Go on What's all this? It's not like you're doing don't don't what's that fucking song? Don't yes, don't think about it. Don't forget about me. Don't you forget about me about me. I'll be young. No, no, no, baby. Game stop. Got a big bump. Ryan Cohen, but shares of games. Stop, baby. A hundred thousand shares of games. Stop. Purchase

between 96 and $100.00. Yeah, so don't just be careful out there. Don't go chasing shit. Don't go chase a waterfall. Yeah, please stick to the index funds and the index in the safe stuff that you used to. Ryan's becoming very Elon though. Yeah, he's got, we were trying to figure out who has more toxic fan base. Ryan Cohen or Elon Musk.

Ooh, oooh, apes versus Elon bros. I would say Elon bros. Who do you think hates us more? Elon bros or apes? Elon bros. Cause yeah, they're just apes. We'll just go, all right, fuck you. Who cares?

Elon bros will be like, I bet there's a lot of overlap. Oh yeah. Those little freaks come at us. You little creep. Yeah If you see us on the street, I dare you to I want you to kill me. Yeah, you think I care. I don't have life insurance So nobody gets the benefit of So yeah, yeah, he tweeted to he tweeted Ryan Cohen tweeted I'm putting my money where my mouth is Cuz what he went from a 10% stake to like about 13% something like that. Yeah, which is you know That's something but AMC got a bump but Beth and beyond

Till Ray all the meme stocks got a brief little bump, but just be careful out there Don't necessarily think that that means that they're all coming back or don't we don't give a shit Yeah, I fucking money you know, you're an ape you're gonna be a millionaire anyway right so why not just put every single last dollar process already yeah god I just don't understand you people if it's going when is it going to happen when Mo asked and really put the stakes on the line put your kids college fund in there so we're not we're joking Glenn we're joking. I'm gonna do it. You're white. We'll never respect you if you don't take a risk. This is the stuff she's talking about. She's saying she's tired.

Our life is boring. Throw Timmy's college fund. He's not getting into college anyway. Who names our kid Timmy these days? This guy I'm talking to. Yeah. Damn. I do have a son named Timmy. This is like, this is too weird. This can't be a coincidence. Because that's what all these people think. And it's everything about things of coincidence. Oh, Apex clearing, they did this and blah, blah, blah, blah.

If it gets too complicated to explain to me and fucking in an elevator, your thesis is shit. Wow, very old school of you. Remember that fucking Twitter? I don't even know if it's- What if it's a long elevator ride though, but come on. Remember that Twitter Goldman Sachs elevator? Oh yeah, G.S. elevator?

Yeah, it was, it was, there were some funny things on it. No, it was all that like bullshit of like, being a man is fucking sick. Always wear a watch and cuff links. Oh, I remember it as being like an actual... It was like, Jokey, but also sometimes like, remember honor is always... I remember it as being like,

wow, going with the family to Patagonia this weekend to buy new vests, and then we're hitting Martha's Vineyard. Oh, it would do like both though. I'm gonna pull some for next week. Speaking of manipulating markets and whatnot, even though I didn't actually say that explicitly. I don't know if you guys have read about the Chinese nickel guy, but holy shit.

Chinese nickel guy? Chinese nickel guy. Xiang Guangda. He's a big shot Chinese commodity guy in the head of Sing Xiang Group holdings. He introduces himself as that. Hi, I'm Xiang. Hi, I'm Xiang Guangda, a big shot Chinese commodity guy. Who? And he goes the big shot Chinese commodities guy. You mean you don't know? Well, so he had last week,

or like a couple of weeks ago, I don't remember now, shorted 150,000 tons that they spell out T-O-N-N-E-S for some reason. They're different, I think. It's because they're British. Well, American tons, I think way different. Oh, is that what it is? I thought so.

How would you write a singular ton, then? T-O-N-N-E? One ton? Yeah. You know what my favorite thing about? What, what is your favorite? Both ton and ton are units of weight, but a ton is a British and American measure.

Well, ton and E is a metric measure. Oh, nice. Oh, nailed it. Ah, metric ton. Anyway, my favorite thing about Europe is their trucks over there. They got that brand. It's just man Have you seen this? Oh, yeah, yeah, man. Remember I was telling you great

Uh, uh, I Family in Greece who fix its trucks. They fix it. Man's a lot. That's such a great name for I like the trucks They don't have the fucking they don't have the big hood. Yeah, it's just it's just straight. Yeah, wait less safe for the driver You know, I don't think so. You're just dead. I think that's the better way to do. Oh, well, cool. That's a man, baby. Yeah, there you go. Man, man. Why would it be less safe? I don't know. I just figured there's nothing. There's no problem. If you get hit, the engines going under you. In the other one, that's true. It's driving right into the cast. I'm sure they got it figured.

You know, you know, you're a genius. Yeah, they got it. Your penis just got it fucking figured out, man. Airbus. Airbus. Man. Rail's all over the goddamn place. Yeah.

Without having to sell their underwear. Let us ride the rail. Yeah, let us ride the goddamn rail. No, you know what we should do? You know what we really need Venmo 4. There's a new movie called Bullet Train with Brad Pitt. Oh, yeah. We need to get a Venmo or we'll do a GoFundMe or something. For a movie ticket? No. Get us to Japan.

Uh huh. And we'll just podcast from a bullet train. Oh man, have you ever ridden a bullet train? No! I did. I went to Tokyo and I rode a bullet train. I've never been to Japan. It was tight. It's fucking awesome. Would have blown my mind. Yes. It's so cool.

It's cool when they go by too. They just go. You see it coming and you're like, oh, that's fast. No, no, do it. It seriously goes. I wanna feel it. And it's gone. It's just passed you.

And it's just that fast. Damn. It's awesome. It's cool. It's cool. Anyway. Well, you gotta get me there. And I'm sure all the stations are like so clean Everything the trains themselves are spotless. They've got luggage compartment. It's just the whole

You know these Japanese man. They really do it right any donations that come in for the boat I'm not they're going with me and Ben are saving for Japan. We want to go to Japan baby So the Chinese nickel guy, Oh God, I forgot where he's shorted 150 metric tons of nickel. And then he got squeezed. The price of nickel per ton went from like 30,000 to over 100,000

and then they had to halt trading. So he fucked up because he was actually engaging in a sort of manipulation, it's being alleged because his company had just come out with some new cheaper nickel that he was gonna flood the market with, right? And what happens when you flood the market with cheaper supply? No, I've never done it.

Oh, I thought you were talking about nickel, exactly. What famously happens when you flood the market with cheap nickel. I'd love to try it. Oh man, I got some spare change. Well, that would lower the price of nickel because there'd be a lot more of it and it would be cheaper.

And so to anticipate what he was about to do to the market, it's being alleged. That's when he shorted what he did not account for was Russia invading Ukraine and Russia I think like 40% of the world's nickel comes from Russia and So that caused the the price spike, but what's fascinating is what's happening and what has happened since Because of this You made my hand motions.

Yeah, well, so what happened, my limited understanding of it is, they halted trading and then they went after him and they said, hey, you're short this much nickel, margin call, you gotta put up the money and it was like $15 billion. He was gonna be out. Make him do it. He straight up said, no, I don't think I will.

I actually, I'd rather not. I'm the Chinese commodities guy. I'm the guy. I'm the big shot. And JP Morgan said, yeah, okay, you don't have to. What's the old expression? If you owe the bank a million dollars, they own you. If you owe the's the old expression if you owe the bank a million dollars You have a problem they own you if you own if you owe the bank a billion dollars you own the bank That's part of yeah

I always heard it is if you owe the bank a million dollars You have a problem if you owe the bank a billion dollars the bank has a problem same thing same thing Yeah, but so that's what was happening and so They said okay what we're gonna do is we are going to cancel like $3.9 billion worth of trade. Nichols canceled, it's done. It dimes in quarters only pennies get a pat. Did you guys hear what Nichol said?

I want to make a joke right now. No. The way you're looking at me. No. No. No. We were like, you're getting me. Anyway, so we got to bring back 50 cent pieces. And we also got to bring out a thousand dollar bills. Cause hundreds just aren't cutting it anymore. If you got to buy, you got to buy a car and cash off Craigslist or something.

And you got to bring $10,000. It's actually not that much. I've had, I've had a lot of money in cash, and it's not as much as you think. Yeah, but it's still like. It does get thick. Yeah. It gets thick for sure.

Yeah. Already. So what do you call it? They agreed to cancel the LME, the London Middle Exchange canceled $3.9 billion dollars worth of transactions that took Nickel from 50K to 100K. And so people are speculating that because the LME, the London Mental Exchange is owned by a Hong Kong investment company that they got pressured by Beijing directly.

Because if that guy was going to have to cover his short or not cover short, but deliver, he would have had Beijing would have had to use their nickel reserves to cover his ass. And it was just this big. It's basically, it's just a big self-suff. It's like, there was this commodities trader who said, this is the worst thing I've ever seen in my, in my like 30 years of doing this. But he wasn't talking about this. He walked in on his wife and just been murdered. What? And they reached him for comment. This is the worst thing.

What about the nickel thing? Oh yeah, it's, you know, but this wife thing, I mean, my dead wife. You, man. Sir, have you heard about the nickel thing? This is the worst thing I've ever seen. Oh, you put your dead wife right there. Yeah, the white thing. What do you think of that?

What were you talking about? What were you talking about? Huh, the nickel. Surely this is no time to give a comment on the nickel thing. Oh, you mean the big shot? The Chinese big shot? Yeah, no, that's pretty bad too. So that's happened.

And it's just so, because of this whole thing, the London Metal Exchange is also implemented. I'm shocked that they didn't have this before. Sorry, I keep turning my head from the mic to swallow because I don't want people to hear that disgusting. Let me hear it, give me one. I don't know what that fit. They have imposed what's called a limit up halt.

So anytime, nickel goes up 15% in a trading day, they just halt it for the rest of the day. And that exists, there are limit up, limit down restrictions on American exchanges. I can't remember what they are, I think, fuck. I had to know this stuff to get my certification, my life. Just think about it. We'll see you as much time as you do.

No, think about it. It's like 10%, you get stopped for 15 minutes or something and then if it goes more than 15% in a day, you just halt trading for the rest of it. I like how they have those little rules. Me too, it's great. You're going too great. Hey, chill out.

They call them circuit breakers, isn't that cute? That is cute. Yeah. And for individual stocks, if it goes like way too fast, way too quickly, they go, whoa buddy. Hey, we got a whole trading for like 15 minutes. Can we talk to you for a second? Can we guys still out?

Yeah, is everything okay over here? Everything all right at home? Yeah, they did that with GameStop many times. And GameStop is like, no, I'm fucking fuming. I'm okay. It's a Moas. Can you leave me alone? Leave me alone.

I'm moassing right now, man. I'm moassing. It's a Moas. Can you leave me alone? Leave me alone. I'm no-assing right now. I'm no-assing. It's my bait. It's just it's normal. Did you ever get walked in on buying your parents jerking off? Yeah. You never walked in on your parents jerking up? I don't jerk off. You don't jerk off? No, I just wait until I... You channel all that she into your hair. Yeah, yeah. Everyone's always asking what product I use. That's just come leaking from my scalp, baby. Oh my God. It's gotta go somewhere.

No, you know what? I do, I'm probably gonna have to say, like we answered it in that mail back episode because a lot of people were like, what does the mail do to his hair? And I'll say it one more time. It's embarrassing question to answer. Cause it makes you sound gross.

Yes, it's nothing. I don't wash it. And this you are seeing, it's not a product. It's just grease. Would you say that you're a no-pooper? That's the thing. It's called no-poop. I wash it once a month.

Yeah, with Trader Joe's brand. Right? Yeah, but not like because I'm like, oh, this is good, JV, I just go to Trader Joe's. That's where I get my soap. And not that anyone asked. But my haircare routine is to just wash it every two or three days with T-Jail

because I get the flaky scalp. There you go. Yeah, that just smells good. You ever use pine tar soap? No. I use Trader Joe's soap. Pine tar soap smells so good, but I use Dr. Bronner's scent, the no scent like baby bar of soap.

Because you got sensitive skin? Yeah, very sensitive. You call my skin a pussy or a bitch and it goes it goes, and it rashes up, just right away. How did we get to my hair? Oh, it doesn't matter. Who cares? But now you know. Yeah, the more you know, boom, boom, boom, boom.

So if you want a nice product for your hair, stop washing it. Yeah. Hey guys, we got a question for you. Do you think a recession's coming? Is a recession coming? All signs Carl Icon thinks a recession's coming and he said that he's like hedged up the wazoo for it. I think we're gonna force one to come. It might happen. I pals now

Are you reversed? Of course very quickly. Isn't that so frustrating? Yes, because just last week I was saying, I'm very happy. I don't think we should be jacking up interest rates to force a recession. I mean, you know, if you want to, like what that means is they're going to stifle investment, which would mean

that there would be less employment opportunities and they're basically throwing people out of work to bring prices down. Yeah. Kind of. I don't think that's what we should do. And I don't think, I still, just like I was saying last week, I don't understand how this is gonna help

with all of these insane things that are happening around the world. Don't understand how it's gonna help with the supply chain problems. I don't understand how it's gonna help with the issues that the ongoing war in Ukraine is causing. It, what just, I agree with you somewhat what bothers me is how they I hate using this word because it's so overused but they really did gaslight the shit out of everyone by saying there's not going to be inflation to then

There's going to be inflation, but it's going to be a little bit to it's going gonna be it's enough inflation that we can handle and oh our Limits are this and it's not even gonna hit that to then exceeding those limits and saying oh it's Transitory and then saying it's transitory for a year and then now saying okay, it's not and now we've got to do something about it I just don't get the fuck and who did it benefit the most? The fucking billionaires and oh yeah, cuz they they're not going to be harmed by this. No, not at all. They're not harmed by any of this. I don't it's not going to help with the fucking gas prices. It's not going to I don't know. But so that lead let lends itself to it. Well, so real fast, Powell said he's going to have to maybe raise rates more than expected

because of inflation. And he pointed to things like fertilizer and wheat prices being way, way higher because of what's going on in Russia because a lot of our fertilizer and wheat worldwide comes from, comes from there. And raising rates means it costs more to borrow money. And when it costs more to borrow money, people, companies borrow less money. And you know, it can be bad for growth stocks that rely on cheap money and their cash flows get affected and all this shit. But going back to what Powell did at the start of the pandemic, slashing interest rates to zero and then doing all the quantitative easing and shit, we say that it helps the billionaires because it did because they have a disproportionate amount of stocks and assets that get boosted

by all that shit. But at the same time, because now everyone and everything is so inextricably linked to the success and the performance of the stock market, i.e. retirement accounts, it was in his best interest and in everyone's best interest to step in and do something, because everybody's well-being now is so linked to it. And we wanted to talk about retirement. A lot of people have asked us about them too. And at first we were just gonna talk about like 401Ks

and what you can do with them, but then we started looking into them a little more. And it's actually really interesting. And there's a link. And there's a reason why people are so wrapped up in the stock market. And it has to do a lot with pensions going away in 401k stepping in. Those, you know, pensions used to be the gold standard everyone had. What is a pension? A pension is a defined benefit plan. What is a defined benefit plan? It means your employer handles it.

It's a simple formula and it's a defined benefit because that benefit is guaranteed to you. It doesn't matter what you do. You're not managing your retirement plan. It's managed by your employer. All of it is on your employer. It's calculated based on you. Yeah.

And you are privy to the formula. It's pretty simple. It's based on how long you've been at the company and what your salary was throughout and what you ended up. Yeah, it's company specific, but your benefits are defined and there's no question based on the performance of the stock market or otherwise. It's hey, no matter what happens. I get my pension. When I retire before 401Ks came along up until the late 70s early 80s, like the overwhelming majority of people at private companies had pensions. That was their retirement plan. And then it was sweet. It was sweet. People like that, right? Because you didn't you didn't have to mess around with your retirement plan that much. It wasn't on you to do that. The risk wasn't on you either. So that's a thing. If your fund wasn't performing well, you didn't see that.

Right. It didn't matter to you, because your benefits were guaranteed to you. It was a defined benefit. Right. So in 1978, they changed a tax code. And this is where the name 401k comes from. The line was 401k.

It said, 401k, 1000, you mean? No. What do you mean the line? Oh, oh, if you ever look at codes, it's all numbered and outlined and you'll see like so when you get to section 401 and then you go down 401k, it talks about how you won't have to pay tax on deferred income, but it applied to bonuses and stocks. And so that was in 1978, and people started seeing this as a way to get around taxes. And then in 1981, they changed it. You could now do it on income, regular income.

And people started seeing this as a new retirement account opportunity. There was a guy, he says, you could avoid paying taxes, say your paycheck before taxes is five grand, you would otherwise have to pay taxes at five grand. But if you put a thousand into a retirement account, Uncle Sam doesn't get to touch that. But that thousand. It's important to note that so this guy Ted Banna, he was like a benefits consultant for I think Johnson, I can't remember the company, but he never,

he basically saw this opportunity, but he never intended for it to be a replacement for pensions. And so, Is he a banker? No, he's a consultant for a bank, like benefits plans. Oh, got it. I think he is.

Is he dead now? No, he's alive. And he's still, I have a quote from him. We'll talk about it. Is he like the golden doodle where he's like, I regret my creation. It's a bottle got it. I think he is he dead now. No, he's alive and he's still I have a I have a quote from him We'll talk about it. Is he like the the golden doodle where he's like I regret my creation It's no, but I can read like so a benefits consultant at the Johnson companies saw the opportunity for employers to create a tax advantage savings account for their employees I knew it was going to be big But I was certainly not anticipating that it would be the primary way people would be accumulating money for retirement 30 plus years later people would be accumulating money for retirement 30 plus years later. A lot of them have regrets.

Many early backers of the 401K say it wasn't designed to be a primary retirement tool and acknowledge they used forecasts that were too optimistic to sell the plan in its early days. Others say the proliferation of 401K plans has exposed workers to big drops in the stock market and high fees from Wall Street money managers. And the flip side to that is... Well, so we should explain what a 401K is before we get too far about these regrets. So it's a defined contribution plan.

It's a defined contribution plan. Right. So as opposed to defined benefit, this is defined contribution. Yeah, which means you contribute. You are contributing to your own retirement. Versus a pension where it comes out of the company's coffers. Not yours.

Well, it comes out of your salary as well, but you're not really... Not always. Yeah, a lot of times it can come from... Just the company. Just corporate earnings. Just hey, it's kind of, you could say, it's a form of profit.

But it is baked in a little bit, especially when you talk about public... The app? No. public employees. Public employees are often the only ones who do still have, uh, pensions these days. Right. And if you guys have heard about pensions and the news recently, it probably has been a negative, uh, aspect of it where they're talking about public pensions have often been in

recent years rated by the states use this slush funds, which is horrible. And they're trying to... CalPERS comes to mind the New York police. Kentucky, West Virginia, teachers, all of it. It's horrible. And they're trying to, they're fighting to refund those. But private pensions were often guaranteed by the... Oh gosh, I have it somewhere. But they were, they were insured. So you were, even in down markets, you were guaranteed to your entitlements. But the 401K, the onus is now on you.

All of that risk is being put on you. And the reason that companies did that is because the 401K is cheaper, less complex, cheaper for them. And it's less complex. Because it's just like, oh, hey, you employees, you can, and what an employer can do instead is just like, Oh, we'll match up to a certain a poultry. Like, I remember at Buzzfeed, it was three, three percent of 20 percent of whatever you put in. Yeah, they're weird. Like a common one is that they'll match 50 percent of what you

do, which is not horrible. Yeah. Some people will do full match, but yeah, they're often complicated, especially for people, not everyone is well versed in this. And I think that's why ordinary workers liked when their pension was just worked out for them in a simple formula. And we'll, should we cover that really? Like it's not that complicated, a 401k.

It sounds intimidating, but it really isn't. It's basically, it's like, if your company offers one, talk to your HR person. They will walk you through the entire process. It's very simple. You're often, I think there's often like an HR meeting where everyone goes and they do a little presentation about your 401k. And it can be overwhelming because they have a lot of options. You have these funds to choose from.

I think it is overwhelming though. You don't really know what all that means, especially if you don't have any interest in these. Sure. Yeah. Even me with interest, I was like, what the fuck are all these? Just give me like basic funds to invest in. Right.

And it's self-directed. Right. But there's also a lot of stuff that people don't necessarily know about. And I think, you know, some of the companies that, that that work with these mutual funds and stuff don't know exactly what they're signing on for. It depends. You're 401k at the company you work for, which you're not really going to have an option in picking might have higher fees than someone else. And that can lead to over years for your retirement, just you're losing tons of money. That guy, Jack Bogel from Vanguard. Right.

Who's the creator of Vanguard funds? Yeah. Did it because he wanted them to be, Yeah, they charged like, a real low cost. 0.4% or something like that. Right. So basically, you are beholden to whatever funds your employer has designated to be the

funds that you can invest in. Maybe it's Vanguard, maybe it's American funds, maybe it's, I can't think of any, I fucking TD Ameritrade, who the fuck knows? But you're typically gonna have a pool, like, oh, a mid cap one, a small cap one, a large cap one, a bonds one, a fucking whatever. And it'll say, there will be like a summary that'll say, this is risky. This is less risky. This is blah, blah, blah. And you can designate how much

you want from each paycheck or each contribution to be, oh, I want 25% here, 5% here and whatnot. It would be, I cannot get, we, I cannot give advice, but I would say that if your employer offers matching and you don't take full advantage of that, meaning max it out, one could argue that you are leaving free money out there because it's lit, that's what it is. It's free money that your employer is saying, hey, we will match whatever you contribute. Also, I believe now with 401k, you can only put in 19,000 per year. I could be wrong. I don't know. I was looking at that. That might be the IRA. No, the IRA is six thousand. Okay. Yeah. Should we talk about IRAs now? Yeah. But just what else did you want to cover on this? Yeah, 19,500 and 20,500 for 2022.

But yeah, I mean, I think that's mostly, it's just, the history of it is wild. It was never intended to be this substitute for pensions and here we are and it's put all the own of something in place. But and the point I was trying to make is I think this is why people are so wrapped up in the stock market these days.

Rather than knowing that your retirement is fine through a tough period, you are now watching your retirement fund as the market fluctuates. And it's exposing employees to risk they were never exposed to, you know, just a few decades ago. Right. And also it's now, I think it's just one of many, I don't want to say symptoms. That's not the right word, but it's one of the many characteristics of publicly traded companies in their endless pursuit of cutting costs, increasing margins, doing whatever they need to chase, ever hire, every metric to impress

and cater to Wall Street and shareholders. Because before, like we said, it used to be on the company to use their profits to fund their pension account. Sears is a great example. Sears is a good example all around because Sears actually had, they weren't, their CEO back like 10 years ago, 15 years ago, said that they were less able, they weren't able to compete as well as they would have

because they had so many pension obligations to fulfill. They like, hey, we gotta put this $4.5 billion in our pension because that's what we've gotta do. Whereas we would have liked to have put that money elsewhere to stay competitive. To which I would say, well, then fucking raise and do a stock sale, get sell some bonds, do something, which they probably did.

But then you also had a case like General Electric where instead of funding their pension account like they should have, like they were were supposed to they spent that money on share Buybacks and all sorts of shit to like pad the numbers to make their shit look good And it was just kind of kicking the can down the road. Yeah, so This was also a huge boon to all these mutual funds and you know wall street guys because now they're managing all these 401k funds and they're getting I think I think it, I think it was Jack Bogle who was saying the average, or maybe, I forget who, but the average worker over their lifetime is giving 155 grand to Christ.

Yeah, to these fees. Wow. It's wild. And you know, I read a startling statistic that as of I think last year, six and a half trillion dollars is in for us. Oh, yeah. That's astounding. So when we say that everybody is now linked to the market and the performance of the

market, it's like, and you had an anecdotal experience of like someone who, oh, yeah, I was surprised. My friend, he's like mostly a political, but definitely not that, like, not conservative. And I remember him privately being like, I don't know, I don't mind Trump that much. And I was like, why? And he was like, my 401k is booming. And yeah, the market was doing really well when Trump was in office and it's people vote with their wallet. It's hard to be unhappy that your retirement fund is doing well. It's yeah, so where is I mean, if that guy just had a regular pension, he's not even thinking about it, right? He's an apolitical guy. He's like, I'm getting my fucking, I'm getting my retirement no matter what. Yeah. And

now more than ever over the last 20 years, it has been the stock market. And that's part of the reason why we like making the show is because it is more and more whether you like it or not, it's more and more tied to fucking everything. Because yeah, everybody's, your parents' retirements, ask them about it, ask them what they've got. They've got, ask them how much money they have so that you know what you're gonna get when you kill them. Don kill your parents don't kill you don't kill them don't kill them

kiss them kill them with kind of kiss them give them a big kiss from me say that's from me no but you do have to be more and more informed because it's that is on you yeah and don't be overwhelmed that responsibility is on you yeah you have to know all of this stuff to make sure you're not overpaying in fees that you're invested in the right things Yeah, and and to that extent to that end rather it's like Just read this stuff. It is very straightforward small cap generally riskier mid cap Less risky large cap you're talking about Microsoft or that's like mega cap Less risky large cap you're talking about Microsoft or that's like mega cap

Cap being short for capitalization capitalization being what a company is worth what they're value that so like Apple's market cap is you know two and a half trillion dollars whatever the fuck it is today. I don't know but So the difference so you got 401k and then you have IRA which is an individual retirement account, right? Oh, we should say that it's not like, some people do really like the 401k. Yeah. And it's not like the horrible. I mean, you can now, no one's state. It used to be that you stated a company for three decades and then, you know, they give you the fucking Golden Watch and you go live out your life on your pension.

People change jobs all the time now. You're, they change jobs like they change their underwear am I right? But your 401k is portable you can take it with you. Yeah to different companies You got to know again talk to your HR person you just you just you roll it over It's very very very simple straightforward. Oh, your last employer used a Vanguard Well, we use TD Ameritrade and yeah now you just roll it over There's a process and boom and then you invest in their funds That's it But so the the prime difference is so 401k is you pay the tax when you take it out

Right, so when you're whatever age that you're allowed to start taking it out That's when you pay the tax and I believe it's based on whatever income bracket you're in at the age that you take it out So if you're in at the age that you take it out. So if you're in the upper echelons, that fucking sucks. Sorry. Sorry, you're so rich that you're paying the top tax. Sorry, you have so much money. So then with an IRA and you can have both. So 401K is for, yeah, when you've got a job and you've got income and then an IRA IRA is for anyone. Like I don't have a 401k anymore because I'm not working like at a Google or something. But I have an IRA and an IRA is different because you put in money that has already been taxed. It doesn't come out of a paycheck before

you get your paycheck like a 401k. It is just, hey, I want to put in money into this retirement account, but you're limited to $7,6,500 per year, something like that. But it is taxed. It is deferred taxed. So it's, there's two different kinds. There's a traditional and there's a Roth IRA. There's a traditional one is, I believe, you get taxed. It's for tax deductions. So whatever you put in, you get the tax deduction out of your taxes for that year. And then, yeah.

Oh yeah, traditional contributions are tax deductible. You pay no taxes on IRA earnings until retirement when withdrawals are taxed as income. But with a Roth, contributions are made with after tax funds and are not tax deductible. So whatever you put in, it's not deductible with a traditional, whatever you put in is tax deductible. But with a Roth, earnings and withdrawals are tax-free. So if you put in money into a Roth IRA and you make a fucking million dollars on it, when you pull out that million dollars, when it's time, you don't pay a cent to the taxman. Peter Teal put all of his like Facebook stock in his in his Roth IRA.

So all his tens of billions of dollars Totally tax free. Isn't that wild? That is wild stuff. Wacky stuff. Good for Peter Teal. Good for you Peter. Good for Peter Teal.

Give me a million dollars. Didn't he get ousted from Facebook? I don't know if you got out. Didn't they like asking to leave? They were like, all right, we're not doing the whole like right wing misinformation thing anymore. I don't know. I feel like it was a mutual hatred. He was like, Facebook sucks.

Mark Zuckercourt, and you suck, and he was like, okay. But I thought it was because they were like, we want to move away from this whole- I think so. I think it was like- I think Mark Zuckerberg is like, all everyone kind of wise up to our game here And it's not as fun because they're just they just keep hauling us down to Congress and it's like yeah What do you think he does all day Mark Zuckercourt? Code I bet he like walks around the office and like waves to people

He's in meetings and stuff. I bet he like surfs Does weird things with his foundation? Cuts ribbons. Does weird things. Like goes to events. Yeah. You know, that's the thing. Once you hit the money, you just...

You start a foundation for tax purposes. And you just funnel money through there. And you go and cut big ribbons. Yeah, I cut a big ribbon just once. Would they let me cut a big ribbon? Fuck! Well, get you a big ribbon to cut. Ooh, can we?

I went on my boat. Ooh, ooh, yes. But also, when we, maybe when we moved to our new channel, we can do a big ribbon. We can do a big ribbon. Yeah, yeah, that's a great idea. Did you see that Mackenzie Bezos donated like $200 million to Planned Parenthood, which was the biggest single

donation in the history of Planned Parenthood, which was the biggest single donation in the history of Planned Parenthood. No, yeah. Good for her. Yeah, good for her. She has so much Amazon stock, she's like just dressed about it. She talks about how she can't sell it fast enough,

because then she sells it, but then the stock goes up and it's like, fuck, no, I have the same amount that I had yesterday. Oh, yeah. McKenzie, you know who I really would like to get on the show is that billionaire who gave away all his money except for $3 million. That's the dry guy. That's the guy that I want to talk to.

I don't think you can afford to fly out here. I'm sure he's still can. Maybe. I don't think what? I don't think you can fully be happy having all that much money. You're lying. No, no way. The pressure you would feel from your family, friends,

and loved ones to just give them money, I'll just tell them. It would be awful. We live in LA. There's a horrible homelessness problem here. Really? I wish they would do something to help all these people. But you can't go anywhere without someone needing help on the street.

I don't even have much money. I'm like, Jesus Christ, do I have any fucking like, you can't help but want to do something. It's overwhelming. Imagine walking around, knowing you can just change everyone's life. How do you even, and you just go, I'm gonna make the decision not to. I think it's a little more complicated than that.

Tell me why. Because if you give someone who's a total junkie, like a mansion, they're not gonna suddenly be like, well, I'm gonna put on my suit and be, you know. It's a bit of a straw man argument. I didn't say give them mansions. Okay, give them what? Some money.

I mean, and there have been programs that have shown. When you give people money, they are much more likely to get on their feet and be able to live like. I think that if you were to give that money with consideration to what current struggles they've got, yeah, like if if if it's the guy passed out on a fucking heroin high, I don't think a thousand dollars a month, because when you're addicted to something like that, your whole being is focused on your next high. Okay, but you're so focused on like the guy

who's addicted to heroin. No, yeah, I'm just like someone who needs help. That's fantastic. Yeah, that's absolutely. Right, right. And that's like, I think LA is, is it LA or California is doing a Program for they are doing a UBI program. Yeah a thousand dollars a month for like three years

I think that's fantastic. I cannot wait You know what it's gonna fucking you know it's gonna happen in three years There's gonna be an article that go finding show that giving people money helps them get on their feet And they live much better lives after. The San Francisco program. We end up using less resources from the state and then they just go, well, we did it. We read the article. We've learned nothing though. Yeah.

Surely we're not going to do that. Yeah. Sure it makes people's lives better. We spend less resources on them. But fuck those people. The one in San Francisco ended and it changed like, think it was like 150 participants and like a hundred and I don't know how many a lot of them were able to get back on their feet because every time yes It was just what they needed to not fall below the poverty line. You know what else would fucking help?

Not issuing $85 street cleaning tickets to people. Oh yeah. And not even cleaning the fucking street. Yeah. Or, or, oh, you, you, you made a left turn on a fucking, on a Friday and it's between the hours of five and seven. Yeah, that'll cost you $450. Don't some, don't some companies do it based on income. Some company, you mean the country?

I mean, country, country, country. So yeah, I think in Scandinavia, one of those probably some fucking Dutch ass. That's pretty sick. Imagine you're a millionaire and you like run a stop sign. It's like, you got to pay $300,000. I'm excited. But I do it.

They're like, come on, dude. $5. Yeah. Oh, yeah. That's what it jar. Just what it's just such a, it makes me so mad when I see the city just milking people with parking citations and chicken shit things like that that can mean the difference between making rent or not for certain people. Like when I got a no left turn stupid fucking ticket that cost me like $450

and I went to court to fight it and the cop the cop was there and he had written down what I said it was like three months prior and I was hoping the cop wasn't going to show up of course because then it would get thrown out but he showed up and the judge was like officer dickhead do you have do you have any things as well I wrote down what mr. Khan said quote Quote, I'm so sorry. I didn't know I'm so sorry. Just like, okay. And then the judge looked at me and was like, do you have anything? And I was like, yeah, I said that. And she's like, okay, you got to pay.

But I was so mad. And I'm like, if you come down to the court, you're like, please don't fucking find me. Just throw it out. Yeah, I know. Yeah. But Mike, I was really mad about it. And my co-workers were like what do you mad about you can afford that? And I said that's not the point. Yeah, I can afford it But how many people have been in my situation who fucking can't? Or maybe it's their third thing and now their insurance is gonna go up and that's gonna cost him two grand over the next two years Los Angeles! Get your...

Shit together. It's crazy when they do it to like a car that's clearly someone who's been forced to live on the street and they're just like sitting there writing a ticket and it's like, oh yeah, that's gonna do it. Yeah. That'll solve this. Yeah, that'll get him.

Yeah, yeah, no. This is the best way to handle this. Well, they've got to write the tickets to afford the fleet of cars to issue the ticket and to pay the salaries of the people writing them. Wasn't there a thing that said the NYPD budget was more than, I think, the Ukraine's military budget? Wow.

I don't know, but I believe it. I mean, there's a lot of New Yorkers out there. You got to, you got to put it. But you need to, you need to, you got to write tickets. You need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, you need to, But you need, you need a fucking military to police the street. Oh yeah, you need tanks. Come on, get real.

You need the NYPD's budget is higher than the entire military budget of Ukraine, a country with a public. The NYPD is not the military. Wow. No, I know, six million dollars. We have the United States. I mean, I just can't even fucking fathom it.

Yeah. And they get a lot of that overtime too. They just, a lot of those, so there's your, there's one of the drawbacks of unions is when they get used like that to milk citizens. So like a police union like that, fights Really good overtime and really really cushy pensions So if you die then your spouse gets paid for the rest of their I don't recognize the police union as a labor union That's a whole other thing. That's a

No You heard it here folks Emil is anti-union. No, no, no I know I know what you mean Man speaking to Ukraine Russia. Let's talk about Russia a little bit. So I'm not freaked out, but I am a little freaked out because my friend Kate and I, hey, Kate have been talking about cyber attacks a lot recently because it's a thing that we got to worry about, I feel like, and I'm not trying to fear Manga.

I mean, I'm not. No, he is. Look at me. He's trying to scare. I'll tell you about, I feel like, and I'm not trying to fear monger, I mean, I'm not- No, he is. Look at me. He's trying to scare me. I'll tell you what, I am freaked out. We were talking about it, and I was like, well, that's not, but I'm getting freaked out. I'm just like, no, I'm not getting freaked out.

I think I'm just like, this is too much to, I was making fun of it a few weeks ago of like, oh, you need mental health, whatever. I think I'm getting overwhelmed with like, there's a new variant coming. There's a new, there's a recession coming probably. There's cyber it like. And then I did you see I put it in think that they're talking about tactical nukes now. Which are like suitcase nukes? No they're just, they're saying it's a much smaller. They're kind of normalizing this like, well, if you used one, we have these things called

tactical nukes. They're not going to, you know, level an entire continent. It will be, but it's still a fucking gigantic thing. And I think all of this is, it feels like they're priming us. Especially with the cyber attack thing. I don't understand the announcement That Joe Biden is making. I don't know what the fuck you want me to do about. Yeah, he's saying the mag quote the magnitude of Russia's Cyber capacity is fairly consequential and it's coming and they could cart target companies with cyber attacks Cool. Can you target Starbucks and have it give me $20 on my Starbucks card?

Target Elon Musk's. Yes. House. Disable his internet. Give us like, oh, Oh, Give us a week off from him tweeting. Remember when Grimes a few weeks ago was like,

he lived below the poverty line sometimes. I was eating peanut butter for like a week straight and he sleeps on a firm mattress. It's like, that's not, that's not gonna make me feel fucking bad for him. That just means he's cosplaying as, as poor. Oh yeah. It doesn't, there's a difference between someone. Just because I'm just man in the world is choosing to live like that. Yes. Yes. How would you use, how would he use you? Still like piss in jars and stuff. And we love him for it. Do whatever you want, ya freak. It's like me, I got rid of my bed.

10, 15 years ago, because I thought that it would help me with my sleep. I thought it would help me wake up. If I got rid of my bed. Oh, that go. It was fine, because the bed, the ground was just as comfortable. Because I, I remember deducing it to, man, why can't I just wake up early? Well, it's because I never want to get out of my way. I'm too fucking comfy. Yes, that's exactly what it was's because I never want to get out of my way. I'm too fucking comfy.

Yes, that's exactly what it was. I don't want to get out of my warm comfy bed. I'll get rid of the bed. So that when I sleep on the floor, and it's time to wake up, I'll be going, wow, finally, time to get off of the floor. That's some like moron shit. Yeah.

I'm having trouble waking up. I just won't go to sleep. Well, I also was about to try that like 15-minute nap thing space. You know what I'm talking about. Oh, yeah, it's called micro microdosing sleep Something like that. Yeah, it's I tried it. I tried it for one day and then I was like fuck this shit I don't need to read. I'm a baby if I don't sleep well my whole day's wrong. Oh me too me too pal I don't need to read it. I'm a baby if I don't sleep well my whole day is wrong.

Oh me too. Me too pal. And and my tummy gets upset. No my tummy's fine. You always have an upset tummy. Every time we like go out the dinner like, did that shit like that? And I'm like, the pasta?

Hesto will fuck me up. I don't know what it is. The pine nuts or the oil or something. It might be pine nuts. No, it's not a juice thing. I might say that. My juice, my juj a G-thing. I didn't say that. My juice, my jujines are recessive, I think, because look at me. Well, hmm, but, but, so let's get back to the cyber tax, shall we? Wait, I also, so I have this thing about,

they're called TACs, tactical, nuclear weapons. Some are even equipped with a dialy-yield function that can regulate the size of the bomb's destruction for some military analysts. This makes the unthinkable prospect of nuclear war almost thinkable. What the fuck? All right. It's fucking fine. Like, hey guys, no, it's actually not going to be a world-ending thing. We can just do it now.

But the problem is they won't really be able to tell the difference if it goes off. Once you see the mushroom cloud, no one will know whether it was a 20 kiloton weapon or a 1 megaton weapon, 1000 times stronger. Said Joshua Pollock, editor of the non-proliferation review. Wait, and speaking of fucking mental health, I want to, this is from the article. This is a quote. Today, the tiniest tactical nuclear weapon is capable of destruction far worse than what happened in Hiroshima, even if just one small nuclear weapon were to be launched in the current conflict, there would not be enough therapists in the world to deal with the mental health trauma that would come from watching the aftermath in real

time. God damn, man. That's, I don't even understand. is the darkest and right can most confusing that they make it about mental health I mean the but I'm There's this helplessness of just watching yeah Absolute madness occur in front of me every day. Yeah And I can do nothing about it. Yeah and It's she starts smoking And I can do nothing about it. Yeah. And it's... You should start smoking.

Pod? No, just cigarettes. Should I? I don't know. If the world, if I knew the world was definitively going to end in five years, I'd say, which would suck, God, I hope. Oh, then I would definitely fucking... I would start doing it, yeah.

But it would be so awful if... Well, so I used to roll my own cigarettes because they were so... I would start doing it. Yeah, but it would be so awful if is that high? Well, so I still I used to I used to roll my own cigarettes because they were so course. Well, no, I didn't. And then I moved to New York and they were so expensive. Packs were like like $15, $20 a pack. But you could get a pack of bugle tobacco.

You get three bucks, $5. Slap. And you get way more than 20 cigarettes that come in a fucking regular pack. So I just started rolling them. And then when I quit, I remember I would still, for a while I would still roll the cigarette because it just helped to just like, just roll, like when I wanted one,

I would just roll it and not smoke it. But I still have the urge to like roll paper up and just, Mark, but I still have the urge to like roll paper up and just When when I quit I Would just stand around other smokers and get the second-hand smoke and not feel guilty about it and that helps a lot cigarettes maybe I will maybe that would help do you know how nice it is to just oh Yeah, and immediately feel like you have to shit the worst you've ever had to go in your life. Why do we don't talk about that enough? When you smoke a cigarette, your body immediately has to shit. Yeah. So when you see like a sexy girl smoking a cigarette, it doesn't work

on me. I think, girl, you got a shit. And a lot of time party people are doing, they're doing coke and they're smoking cigarettes. So they have to, and people who fuck, they think they're so cool. They're going into a back room to fucking like blow lines and they're They're smoking cigarettes. It's disgusting. Yeah, they're they're holding back shit. Oh, they're all Talked to their million miles and they're all trying not to shit. Yeah, and everyone's in the fucking bathroom Busting up lines and they're like get the fuck out of here. I got a shit. Yeah Doing coke and smoking cigarettes. Not cool. No none of these even separately. You know it's cool loving your parents being a good person Being kind getting enough sleep eating well. You know, it's cool not washing your hair psyched Alex opening up your third eye Yeah

Opening up You know I the cyber attack thing though makes me feel just, it's realizing how vulnerable our systems are and the things that we rely on like our water supply. Like what if somewhere we're to hack into some kind of water supply thing and put a bunch of doodoo in the water, change the mixture so we get a lot more doodoo than normal. Yeah. What if they make the pads cross and all the dudes? I'm not who's going to be confused.

No shit check. The guy's checking the shit. Suddenly there's no COVID. What's going to? And then he takes a sip of the drinking water. Oh no. He mixed it up. You maniacs.

Oh, I don't. So there's that to worry about I don't know I don't know if it's gonna happen Who knows maybe it's maybe the warning it continues to be so confusing I would it's I'm at like what cyber attack? No, no just watching everything unfold I'm at like I mean these are bullshit numbers But I feel like 75% of the time, when I look at something from what's going on in Ukraine, I go, holy shit, this is wild. And it's like viral on Twitter.

Yeah. And then I click the replies and people are like, this is fake, it's from 2017. Stop. You're just like, fucking Christ. Yeah. Yeah, it's a really weird shitty time to be a person with brain.

We should get lobotomies after this. Oh, buddy. Wanna do it? No, I actually don't. Come with me, I'm scared to get mine. Yeah. I, um, I don't know. You know what I wish happened in one flu over the cookies and this is how I always kind

of imagine it. What? Remember, he gets a little bottomy at the end? Yes. I wish when Chief is trying to like, when he's checking on him, I wish Jack Nicholson gave him a little. A wink? Yeah. McMarfi.

Yeah. But then maybe he wouldn't have killed him. He would have been like, oh, you're OK. All right. He still killed him. Oh. He smiles. He goes have been like, oh, you're okay. All right. He still killed him. Oh smiles Hey, chief. I'm still alive here. You gonna fucking smother my face chief. Hey

Hey chief is that good? Yeah I'm just trying to watch the baseball game He really likes it. He likes it guys But chief didn't understand yeah, he's winking at him. What does that mean? Do hey chief get me out of here Hey chief get me out of here. I didn't actually get my frontal lobe room I didn't actually get my frontal lobe room You're fucking big idiot. Now take that drinking fountain and plug it through that wall.

So that fucking bitch of a nurse doesn't go. He's a great guy. No one watching this is gonna have any idea what we're talking about. Actually, it's Jack Nicholson. They all fucking love Colombo. I'm sure they've seen one whoever cook his ass. this is gonna have any idea we're talking actually it's Jack Nicholson they all fucking love Colombo I've sure they've seen what we're cooking yeah and if you haven't you should see it it's a great movie and they probably had to read it in school I read it in school um Ken Keese leader of the Mary Pranksters yeah what he

said the guy who wrote that yeah I, I know, kinkysy. He was the leader of the Mary Pranksters. You know the Mary Pranksters? Yeah, they're so happy. Come on. Walking around, it was the original jackass. It wasn't. What were they? Who were they?

Now you don't get it. Google the Mary Pranksters and let us know in the comments. I want to talk about what Russia's doing real fast. Talk about it, preach. It's really smart. It's a tactic that they've just employed there. So the European Union, you can't call it smart. That's pro-Putin.

Did you see they fucking like, removed Yuri Gagarin from the fucking first guy in space? Yeah, it's stupid. But what Russia's doing that is clever. I won't call it smart. Hmm, clever still. It's smart. They, so they're currently getting their asses reamed

and the rubble is in the shitter and worth, you know, a hundredth of what it was. But, that's, they do have a move to make, which is, they are selling their natural gas to unfriendly countries, aka the EU, aka part of the world that gets like all of their heating and grid energy from Russian natural gas. Russia is only going to sell it to them in the rubble. What does that mean?

That means, hey, I liking it to crypto. Oh, you can only buy this in Ethereum or you can only buy this in Bitcoin. Oh, you got Bitcoin too bad. We're only going to sell it to you in our currency. So that means that the EU has to kind of, they got a way there, they got a problem here. Is it like are we gonna, are we gonna piss off the United States? Because the United States doesn't want us to do business with Russia. But we got no choice. We're gonna have to do something to get these. He's pantomiming my, he's mirroring you guys, the audio-lister.

Emil is mirroring my every move. It's really something. But so yeah, they're, they're, all these European countries are gonna have to buy rubles somehow to buy international gas. And that's gonna be interesting to see how that plays out. Also, they're shutting down. Russia's maybe shutting down all 800 McDonald's locations.

And- Oh, I love this. Uncle Vanya's. Yeah, they're, they're, they're, they're in an attempt to like, not sequester them, so what do they help me out here? What are they doing? They're trying to cut themselves off

from the Western world by basically making their own version of everything. Yeah, and so they're turning the McDonald's golden arches on its side and it looks like a bee a bee for Uncle Bonius. Hey, that's just it's great. I think it's genius and it's really fun. It probably tastes better than fucking McDonald. Oh, apparently all fast food all Americans fast foods, it tastes better. Everything of Oreos, you name it. Yeah, because the country's like ban ingredients that give you cancer. Or just like our horrible.

Yeah. Countries in Europe wouldn't feed their cattle. The stuff we let Americans eat. That's true. That is true. Should we talk about, should we just touch on Tesla, this last thing with Pelosi or should we? Sure, we are.

Yeah. Well, we can talk about it for a second. Yeah. Tesla launched their first German made model Y. The stock has gone up seven days straight from $750 to a thousand thirty six. And we got to congratulate Nancy Pelosi. Oh, we got to give it up to our girl. We got to. She just keeps winning. I mean, good for you, Nancy and husband, because why? Well, they exercised their options. They had stock, they had, they had bought call options in Tesla and you either sell the option or you exercise it and get the shares at

the designated price that you can see exercise and exercise somewhere in the realm of, you know, it's estimated to be $5 million worth. And right at the time when Congress, a spearheaded by Pelosi is pushing for electric vehicle subsidies again and massive spending on charging infrastructure and it's just, which we are poor. Yeah, of course, but, and God, that's some crazy timing, right? Isn't that weird? That's so weird. I mean, imagine being that good at it. She's just so good.

You're her and her husband, Paul Pulloce. You're so good. I don't know how they know how to do it. I don't know how they knew that that was coming. That was weird. Like, huh. What? Wow.

Millies of dollars worth. I'm not even mad anymore. I'm just happy for her. Honestly, me too. I might move to San Francisco so I can vote for her in re-election. I might go try to seduce her. Like, your husband Paul sucks. That's, hey Nancy, I just wanted to say,

your husband Paul sucks and she just immediately is like, he told me that he thinks you suck but I don't. I was talking, that's how you're gonna seduce Nancy. That's how I'm gonna seduce her. I was talking to her husband and he said you stuck, but I don't know what he's talking about because you're banging. Look at you, you don't look a day over 70.

He. What is she, 83? 81. 81? Yeah. And has more money, she could retire now and spend $ million dollars per year and live to be a hundred without going broke.

Wow. Well, yeah, she's worth like a hundred million dollars. That's a nice life. Over a hundred. Why would you wanna continue to be a Congress person? I don't know, because maybe if she stops, her batteries are gonna fucking die. That honestly could be it.

God damn, just go on vacation for 20 years. That's what I'm doing. Yeah. Well, it is true when you stop working, you die. I'm, go on vacation for 20 years. That's what I'm doing. Yeah. Well, it is true when you stop working, you die. I'm telling you, it's pathological. There's something wrong with these people. No, I totally agree. Like, it's control.

If you want to continue, what, why? And why is Paul Pelosi still fucking trading? I don't think they know the power of fucking hanging out. I'm serious. These people, you gotta get me in the room with psycho billionaires and be like, bud, you gotta try hanging. Yeah, it's so sick. If fucking rocks ass, take all that money, hang out, baby. Buy a boat.

Buy a boat. They probably already have boats, but they don't spend, they're small ones. Buy a boat buy a boat they probably already have boats But they don't spend buy a small one pack shelters see that's not hanging out when you got like an army fucking of servants on your Huge yacht that's dressed that's not hanging out. Yeah I'll teach him how to hang guys We love you very much leave a comment We love you very much. Leave a comment,

click that like button, kill your parents, quit your job, shut your pants. And don't forget to hang out. Don't forget to hang out. Follow us on all the way to the- The pandemic tried to take hanging out from us. Yeah, but we won't let them. It'll never take.

Hanging out is forever. Yeah. Dude's rock. Dude's rock. Follow the new channel, we're almost at 10,000. You ever see that viral clip of, I'm sorry. No, go ahead. You ever see that viral clip of the guy who's, I think he played basketball for like Boston College.

And I think it was his last game or something and they tried to ask him, you know, what are you going to miss the most about playing basketball? And he takes, he takes, he's like, I'm going to miss. And he starts, he starts crying. And it's like a long pause and he's like, and he's like He just goes Eating out oh no eating at restaurants, but he means like going out with team boys. Yeah, and eating it as a team I like that. Yeah. Oh dude

It really is fun. It's the best go out to dinner with your boys or girls or people Subscribe to the trillionaire mindset youtube.comsetYouTube.com slash TrilinearMindset. Hit that fucking notification button. Cool shit is coming. Yeah, yeah. So, so long. Thank you, we love you.