The Trillionaire Mindset - 27: Why TikTok is SCREWED

Starting point is 00:00:00 This is this is a little embarrassing isn't it? Yeah, one of us is gonna have to change well, although I could This is weird. I could maybe change it up with this How's that do wait? I didn't know that we both I guess we shop at the same place. Yeah, I didn't know that's weird because there's only one place that I shop Me too, okay, wait on the count of three we should say it okay? Okay? One two three trillion or store.com What I didn't know yeah, I never see it at 10. Okay, one, two, three, trillionerstore.com. What?

Starting point is 00:00:26 I didn't know. Yeah, I didn't like you guys. I never seen you at the, Oh, they have all my sizes. Yeah. And my favorite colors. It's nice, it fits well. Yeah, it's soft.

Starting point is 00:00:35 It lets people know what we care about. You're a man of serious, podcast, podcast taste. But we really are, one of us is gonna have to change. Why don't we both just take it off? It's a little ridiculous. Yeah, because we're probably gonna. Oh, that's interesting. You take off your thing from the from the top like that.

Starting point is 00:00:58 I take out my arm. Yeah. Oh, man. What the fuck? Be on. Are you serious? Are we both wearing the same T shirt underneath too? I guess it makes sense because we both shop

Starting point is 00:01:10 at TulianNurseStore.com. Well, and they just made it, they just did a new launch. Yeah, they did. But I didn't know you got, I didn't know you were part of the exclusive launch club. I also got this other one as a backup just in case. Oh, no way. I actually,

Starting point is 00:01:27 because I was just gonna put this on. Oh, you're black. Oh, that's cool. Mine's white. What did you say? It says kill your parents, quit your job, shit your pants. So does mine.

Starting point is 00:01:36 Yeah. Well, that's cool. Yeah, that's cool. Well, that's funny. That is funny. I'm surprised I didn't even notice when I picked you up this morning. No.

Starting point is 00:01:43 You got in the car and I just didn't even pay attention to what you were wearing. Huh. Wow, look at that. Does that mean we're... Eskimo brothers? Yes, because we both had sex with these shirts. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Oh, it's so big. It's so big. Oh, it's so big. Oh, it's so big.

Starting point is 00:02:08 Oh, it's so big. Oh, it's so big. Oh, it's so big. Oh, it's so big. Oh, it's so big. Oh, it's so big. Oh, it's so big. Oh, it's so big.

Starting point is 00:02:24 Oh, it's so big. Oh, it's so big. But wait. What? We should tell them. Oh yeah! The whole thing! Should I be on girl mode and just wear it like this all the time? Or I'm cold that you don't put your arms there. Yeah, that's cute Tell tell the people we launched merch finally you guys did it you held us down Forcibly and you yelled at us until we finally capitulated. We launched merch. If you want the merch,

Starting point is 00:03:05 you need to go to trillionairestore.com. It is not sustainable. It is, we use, it is, we searched for the highest greenhouse gas producing, no, come on. No, no, no, it was good. It's good quality stuff.

Starting point is 00:03:21 It's really nerve-wracking picking shirts, because it's like, it was so hard. They all feel good. But for you, we tried to pick the finest materials. Yeah. The coolest design. The reds is the cool people call.

Starting point is 00:03:33 Yeah. Yeah, look at that one. Oh, we should say this one, the back. Oh, yeah, so the back. So you got a cool trillionaire mindset up there. Turn around for the people. Turn around for the pocket. Yeah, and then on the back,

Starting point is 00:03:41 it's got the the the the ship, the captain, the two of us, the co-captains Swimming or boating through a sea of uh this one was my idea so if you don't like it Fuck you. Yeah fuck you uh hey no this one's sick Yeah, it is I just want to say hey to Glenn and and to uh check out the disclaimer if you click see more in the description box You'll get it that one's that, that one's actually my favorite. Because it's very noir. Yeah, people are gonna like this one.

Starting point is 00:04:08 Oh, we also got the hat. Yeah, I can't wear one because my head's too big, but you know, we also got the sweatshirt. Oh, also, there's one more thing you'll see on the store. We had it, but so we made mugs, so you can be drinking coffee while you're doing all your cool stuff or water, you know what the best thing to put in a mug is dead serious ice cream ice cream tastes it tastes better out of ice cream out of the trillionaire mindset

Starting point is 00:04:38 much and send us and send us pictures we had one but I smashed it Ben said something Ben said something bad about Bruce Springsteen on the way here and I smashed I said he sucks ass and he's got a calm down. He counts too much. Whoa two three How dare you? No, he's fine. I I'm neutral on I haven't listened to any Bruce Springsteen You got to give me some shit to listen to. I'll give you some shit I know I liked the drummer, the Max Weinberg. Cause he was on Conan. I knew him from Conan before I knew him from Conan O'Brien

Starting point is 00:05:10 before I knew him from. The Max Weinberg seven. Yeah. And then he quit to join E Street band. No. Or to go back to like touring. Okay. Yeah.

Starting point is 00:05:18 E Street band was way before Conan O'Brien. Yeah. Yeah. Yeah. Of course. You know what else we got going still is the new channel. You guys got us above 10,000 subscribers. Oh gosh You guys are the best My heart is

Starting point is 00:05:30 Exploing I don't know what that was We're filming the teaser. We're filming it tomorrow today for you tomorrow for us Drink some water drink some liquid death. Oh, man. It I just, I have such a ravenous, stupid animal brain. We're filming the teaser, keep subscribing so you can see it and you never miss anything. There we, wow, we're at 12.7. We love this. Subscribe, hit the fucking notification button.

Starting point is 00:05:57 The little bell. Do all the shit. If you're so inclined, you can send me a screenshot and I will still tell you I love you because I'm still doing it. People are still sending me screenshots. Keep them coming. I need to keep busy. I got nothing else going on in my life I need more tasks. I need more tasks. By the way, I stopped going to the bank No longer going to the banks. I went to the bank the last time and there was a fucking line And when I finally got up the teller goes you, you can take a picture of this in our app.

Starting point is 00:06:25 And I'm like, no. I'm like, no. I'm baking my Mac. No way. Don't you need the real check? And she said, you take a picture of both sides and you just throw away the check after a couple of days. And I tried it and it worked.

Starting point is 00:06:36 And I'm, of course. Sad to say that I'm never gonna go to the bank again. Yeah. Still not gonna do a direct deposit, because I like the check. Unless you need to go to an ATM. Yeah. One time I was in New York and it was a...

Starting point is 00:06:49 What? We found out it was cash only. I was with my girlfriend at the time. This was like years ago and I was like, I was like, it's fine. I'll just go to the bank. There's always an ATM nearby, you know? In New York and so I walked down and...

Starting point is 00:07:04 It said, I'd never seen this the limit was like 100 dollars. No no it was a lot. I was like damn you could take like a thousand bucks out of this thing. Sure. So I said I'm gonna fucking just because I was like the novelty of it. I was like I'm gonna take a thousand bucks out and then I tried to do it and my card just like got canceled because they were like this is obviously fraud and I was like, no. And I just had to walk back in the restaurant and be like, we can't pay you. Like, let me come back tomorrow with cash. Did they let you?

Starting point is 00:07:35 That's really nice of them. How much was the check? It was like 150 bucks. Wow. And I had to explain to him, like, I thought it was gonna be funny to take out a thousand dollars That is that's a really funny One time when I worked at the crab pot in Long Beach

Starting point is 00:07:59 It was like a really slow Sunday afternoon and this older gentleman by himself comes in He's like in his sixties sits down has an entire You know crab meal it was like a hundred dollar check, you know, he had a beer too. And he's talking up the waitress and, you know, just being very friendly, he said he just, he came in on his boat because there's a dock right there. And then at the end of the meal, he says, I don't have my credit card. I don't have any cash. Can I leave you my ID and come back later? And she asked the manager, the manager went over and talked to him, said yes.

Starting point is 00:08:31 He leaves only after he left. He was gone. He never came back. It was an expired ID. It was like a fake ID. Fuck it. It was just, it was like, who the fuck was that guy? That's why I have tons of fake IDs. Just going to get grabbed dinner? Going to restaurants.

Starting point is 00:08:46 Grab lunch. I'll leave you my ID. Sure, it's a Delaware ID. It says I'm 24. It's real though. It's real headscan. That's actually a great idea. Shit.

Starting point is 00:08:56 It is a good idea. I haven't paid for dinner in six years. This is why we listen. This is why you guys follow this, this, this, whatever this is, this show. That is follow this this whatever this is this show That is a pretty good game. Yeah, it's the kids can't fake ideas, but fake ideas are kind of expensive Yeah, I had a fake idea when I was 19. I remember we went. Oh, we were like 17. We went to We went to New York just walking around Like the East Village trying to find somewhere that could give us a fake idea and then this guy

Starting point is 00:09:32 he's like okay come then we like went in the back and he opened up a hatch in the back took us downstairs took our pictures and everything and then he was like he's like come back and come back in a couple hours and he gave us these Delaware IDs. But they were, we looked so young. Sure, you were 17. Yeah. Well, look at you now. Look at me now. Yeah, my fake ID, my friend Kate got him for me.

Starting point is 00:09:59 And she said, what do you want your name to be on the thing? And I said, just put my name. Like, it doesn't matter if it's a real name, just put my real name. She didn't put Benjamin Conn. She put Ben. She put Ben. And then for my middle name, she put,

Starting point is 00:10:13 German. No, she put, she put John. Ben John. Yeah, Ben John Conn. And I was like, Kate, why didn't you make it say Benjamin or Benjamin Jonathan? She's like, I don't know, you didn't you make it say Benjamin or Benjamin Jonathan? She's like, I don't know. You didn't tell me what to put. So I just put Ben John. Ben John. It worked for like, you know, the entire two years that I had the fucking thing.

Starting point is 00:10:33 I'm Ben John Conn and Ben John. Nobody, and it looked, it looked like it had been through the laundry mischievous washer. If you do, it was like a different California one. Yeah. And it didn't, it looked like something was up, but people would just look at and go, okay, and let you go. We gotta move on. Yeah. You know, I wanted to, it's already happened 10 years ago, but I did want to talk about,

Starting point is 00:11:00 how did we get on fucking IDs? I don't know, man. I like how we're skipping over why Kirby is named Kirby. Yeah, it's like who fucking cares. That one's ever created. Yeah, that's not. Hey, you know what, Kirby, the little character's named Kirby? You'll have to Google that, guys.

Starting point is 00:11:17 It's really fun. But, you know, the Will Smith thing happened and we're unfortunately like the last people in media of any kind to have a take on it. I don't think we even, I'm just glad that much like Putin and and COVID will Smith has now ended the war in Ukraine. Yep, which is nice. Yeah.

Starting point is 00:11:37 You don't have to talk about anymore. You don't get to post about anymore. Yeah. We just need to know how you felt about the slap. Yeah. I feel like it's a... Go ahead. We all have anger problems sometimes. Hey, speak for yourself. I've lost my mind getting angry before. I haven't had it happen in a lot of many years, but you know, I think...

Starting point is 00:12:02 What are you trying to say? I don't know, I just think it's like, it's bad vibes. Bad vibes? That's your take on it. My bad, my take on it is bad vibes. You're talking about a thing that's almost a weak old now and you were like, I've got to think. I've had enough time to think about it. I've had enough time to process

Starting point is 00:12:18 and I would like to say it's bad vibes. Bad vibes, not good. My take is unchanged since Sunday night. Just that they didn't do the one thing they should have done. It's not good. My take is unchanged since Sunday night just that They didn't do the one thing they should have done Like it doesn't even matter if you're like Will Smith was right Chris Rock would fight whatever the should have removed him from The event Will and then they should have had Chris Rock accept the award that would have been funny and then but I just feel like If you all often smack someone whether or not it was justified or not

Starting point is 00:12:45 You got to be like all right. Sorry. You got to go. Yeah. I just feel bad for Will Smith that you put it perfectly He's such an inert guy He's just like I like I can't imagine him having sex. I can imagine a lot of people having sex That's true. Yeah, but him is but like he they Hollywood has foisted him upon us for so long and has a few times made him to be like a sex symbol, but it doesn't work for me. Often we were going through his like, uh, IMDB. Remember, and we were like, he's got a weird, he's always this, it's just like Hollywood being like, he's cool.

Starting point is 00:13:22 Trust us. And then it's like him and like, men in black and he puts on his sunglasses and you're like, I make this look good. I recognize that as cool, I suppose. Yeah. But he's never like, he was cool in men in black. He wasn't cool. Yeah, he was.

Starting point is 00:13:36 Kind of funny. Yeah, he was really funny. He was really good. And you believed that he could kick ass. Cause he did. I don't know if I believed he could kick ass. I, I believe he could probably kick Chris Roxas. Oh yeah.

Starting point is 00:13:47 Bigger than him. Yeah. And he's probably done combat training. You know, Wild Wild West, you really gotta make sure you can punch and desperate. Oh, they asked him to believe you. Oh, they asked him to. But he refused to.

Starting point is 00:14:00 Wow. That's just because he knew he was gonna win. Just drag him out. Yeah. Look, I've been kicked out of enough bars to know that they can make you leave. I've never been kicked. That's what's annoying. He fucking hauled up.

Starting point is 00:14:13 You never been kicked out of the bar now. I mean, dude, sometimes it's stupid. I remember one time my friend told me something. I wasn't even like drunk. I was just and I was doing it for effect. It was like something crazy. Uh, and I was like it for effect. It was like something crazy. And I was like, are you kidding me? And I fake like went to pick up a chair and throw it. I didn't even I barely

Starting point is 00:14:31 touched it. And the bounce was like, you gotta go. I was like, dude, come on. I'm doing a bit. And he's like, nope. No bits. No bits. No bits tonight. You're out. Wait, what were you going to say about getting kicked? Is something about Will Smith? You just got to get him out. Yeah, get him out. Uh, wait, what were you gonna say about getting kicked? Is something about Will Smith? You just gotta get him out. Yeah, get him out. If you hit someone. He was in that movie with Margot Robbie called Focus, where it was supposed to be like this sexy thriller and you've got Margot Robbie who's very sexy, but then playing opposite Will Smith, it was like, this doesn't work.

Starting point is 00:15:03 He's just like not He's not sexy. I've never heard a woman or anyone say for that matter. Damn. I want a fuck Will Smith And apparently he pukes when he comes which is the sexy does yeah, he yeah, you showed me that article that he throws up I feel bad. He's clearly yeah, he's got. Yeah, he's really like that's the lead up to his Oscar campaign I think he had to talk a lot and he just started being like I'm gonna open up to people and be like yeah, I puke when I come Will that's not what we were expecting is like Scientologist, too. Yeah, yeah, that's cool and You know poor guy. Yeah, you only shit had done what you know it'd been cool What you walk up there you don't hit him you put your arm around and go No, no, you pull him in close. Uh-huh, and he say

Starting point is 00:15:57 That wasn't cool. She's gone through a hard time Fucking apologize and say you shouldn't have done that. I think that's equally weird to do in the middle of the show. You do it afterward or something Maybe I don't know. Yeah anything would have been better than hitting him. It makes it so much weirder like or just shout Just say like fuck you or just boo booing It just escalates it so much. Okay, all right, so let's move on to what the show is actually about,

Starting point is 00:16:30 which is stock market. It's been a weird couple of weeks for trading. I had a guy in my DMs who was expressing to me. Weird flex. I had a guy in my DMs. Got in my deal. To brag, but he was, he was talking about how frustrated he's been because he's been shorting the market. And for those who don't know, the market has just been ripping from the lows relentlessly.

Starting point is 00:16:57 And he was saying, like, I don't understand the market should be going down. And I've been shorting it and getting long volatility. And I'm frustrated and I saw a little bit of myself From a few years ago in this guy Which is don't fucking fight it man and and it's so tempting because the higher it goes You're like oh, I get a better chance to buy more puts I can short more and It's like he said I don understand. There's so much bad news.

Starting point is 00:17:26 That's clearly already baked in. And there's priced in, it's priced in, idiot. But there's also, and I still don't understand it fully, but there are mechanics at work that are beyond, the guy, me and you. I'm realizing now, just now that it's irrational and you're not going to be able to figure it out. It's beyond our understanding.

Starting point is 00:17:50 The way I can phrase it is, there is a trade, this big trade, and it makes me mad because I don't understand it. But JP Morgan, I guess, the bank had this huge, it's called a collar trade on worth billions of dollars. And that trade single-handedly was like helping to dictate the flow of the S&P 500. And I'm like, how the fuck does that even follow? How does that make sense that one bank has such a big position that it influences how everything flows? And yeah, your face says it all.

Starting point is 00:18:24 I don't fucking get it. I don't know, but it works, because you read it and I'm like, okay, I think I understand it, it makes sense. Cause their position dictates that they hedge by buying all these other things, and there is a ton of cash out there, and a lot of the worst news is now behind us,

Starting point is 00:18:40 and like we've all had time to kind of think about it and process it. And bad news is good news. Bad news is good news bad news is good news But just the bottom line is if you're an active trader out there stop fighting it just pay attention to what's it? Okay, did the market break down did it break new lows or break new highs? Okay new highs then fucking go with that trend Stop fighting it. You're not smart. It was crazy though. Apple was up. I think either 10 or 11 days straight, just unrelenting. And Apple's like, it's fucking 7% of the S&P 500.

Starting point is 00:19:11 It's crazy. Yeah, it's really fucking annoying because Apple will be up and then everybody goes, well, of course the market's up because Apple's up. But then days where Apple's down 2%, the market's still up and it's like, whoa, it's because of Austin's flow. It's fucking annoying. It's nice seeing you in action in your merch. Yeah, it's been a long time coming.

Starting point is 00:19:34 I really like this thing. I like it too. I feel I wish I could actually wear. It's like every time I see Dave Shapelle and he's wearing his own clothes. That was the real controversy. Everyone was talking about that special. I was like, can we talk about the fact that he's been doing his specials and his own merch for the last like, then you're-

Starting point is 00:19:50 Yeah, it's just like a jumpsuit that says, see on it? Yeah. Sorry, go ahead. Well, the other thing I wanted to touch on was, you know, we had mentioned the possibility of recession and there's a couple of reasons for that, which is interest rates going up, and then most recently, the yield curve inverted.

Starting point is 00:20:12 You know what that is? We're talking about the two-year and the ten-year? Yes. So basically, so the two-year bond is a bond that pays out interest payments quarterly, but you guessed it over the course of two years. And the 10 year bond pays out over to the course of 10 years. Normally, you've got the two year bond pays a lower yield than the 10 year bond. AKA, everybody thinks that everything's going to be going well in 10 years time.

Starting point is 00:20:43 So you get more bang for your buck that way. But what happens when the, and that's called the yield curve. Like if you were to plot it on a graph, the two year would be lower, and in the left. And it will match people's optimism about the future. Exactly. And then when it starts to,

Starting point is 00:21:01 when the two year starts to go up in yield and the 10 year starts to drop, what does that tell you? Well, there's less optimism about the future. People are not feeling good about what they're putting. People are like, it's not a vibe. This 10 years, not a vibe. And when it inverts, it usually means a recession is coming.

Starting point is 00:21:19 It can. But then it's frustrating because you'll have a bunch of market statisticians be like, actually, it doesn't historically mean that, but then others will be like, it does. It tends to pre-economics is fun because one guy says like, it's actually a law of economics. And then another guy goes, that guy's a moron. That's actually not even true at all. Yeah. If you look at the stats, it's like, that's just an old adage that doesn't actually mean anything. There's that, what is it? Economists have predicted 20 out of the last three recessions or something.

Starting point is 00:21:50 Oh, yeah. Have a great way. Yeah, it's frustrating. But then if you look at the hard data, also, the Dow Jones industrial transports, which is, you know, things like FedEx and railroads and all the Transportation related shit that has its own index. It's near all time highs Fuck off. Does that mean that our resessions coming? I mean who knows and I know we talked about it just last week Because there are some people like Carl icon and Stan Druckenmiller who Think that one might be looming and for all we know it could be but

Starting point is 00:22:29 the old rules are kind of now really finally getting old because- And we say throw them out. So if you're a favorite recession, buy Trillionaire merch. That's Trillionaire's tour. Yeah, because this ship will go up in value. And with everyone, you get an NFT. No?

Starting point is 00:22:44 Okay, so no NFTs. Okay. You're shaking your head violently now. Okay, yes, no. So no, no, no, no. We also had AMC and GameStop rocketed and big congratulations to all the apes out there. Who?

Starting point is 00:22:59 We knew what was gonna happen. We've been through you guys. Why did I tell you, what was it last week, two weeks ago? I said, fucking, YOLlo, your kids, college fund. Yeah. And if you didn't listen to me, this is why your wife hates you. Yeah. I mean, the guys preaching a lot of truth.

Starting point is 00:23:15 But, and then, of course, the last few days, they've kind of calmed down a little bit. I don't really know why they went up. I don't know if it was Options Flow or just a little bit of, you know, I don't know what the fuck's going on. Because the MoaS is coming. The MoaS is coming. Give me Moa that ass. It's gonna, your butt's gonna be sore. What? Okay, then we also had other big news, which fucking just, you know, you know the reason why I'm mad about Tesla. Because I didn't ever buy Tesla. I remember my good buddy, one of my oldest friends, Patrick, told me he was buying Tesla at $35 a share.

Starting point is 00:23:56 This is pre-split, pre-like, wait, when it was at a one and a half billion dollar market cap. And I was like, good luck, dude. Because I didn't. I just more on. Yeah. And then I think he sold like he got a few hundred percent out of it. He did not hold. Yeah, because who would have fucking thought? Do you think if you got in on Tesla, that I would have held? No. Why don't you let me finish? Okay, go ahead. You think I want to guess. All right, fine. Try one more time and then I'll go. Do I think that if I got in Tesla, I would like Elon Musk? Yes. That's an interesting question. Do you think do you think all the antics would piss you off? They would

Starting point is 00:24:34 piss me off. I think that if I had driven a Tesla earlier, because when I drove one a few years ago, I was like, Oh, I fully get it now. This is how driving should be. It's a really special, it's trippy. It's like, oh, this is how a car should operate. The way the gatt, the accelerator, the braking, the steering, everything. It's very... Yeah, but why are the whole like having to scroll

Starting point is 00:24:58 through a screen to put your windshield like that? Yeah, that part pisses me off. I don't like the screen part. But yeah, I remember driving it and thinking, fuck, I wish I had done this like 10 years ago. I would have just, I would have put so much money in Tesla and I never would have sold. I would have been like, oh yeah, no,

Starting point is 00:25:15 this guy's a genius and he gets it. I still would have been pissed off. I would have been like, shut the fuck up, sir. Shut the fuck up, daddy. But it's really annoying because they're just doing this like financial engineering shit. Wait, we didn't even tell them what happened. Yeah, well, so this financial engineering shit,

Starting point is 00:25:36 they're putting, they're, they're, they're, they're talking about putting Tesla up for yet another split. Yeah, they got a vote on it and get approved. Yeah, but the, the, cause this time, they're putting it up to the shareholders to vote, at the annual shareholder meeting, but that's not, it hasn't even been scheduled yet. The last one was in October, so... We should go. I don't, I don't think that it's like a physical...

Starting point is 00:26:00 Well, we'll go anyway. You can go online or, it's probably held online. Um, you why you want to see Elon do his face and like do it. I'm gonna say the awkward shitty dance. God damn. I feel like I, I knew a kid like that or something in middle school or high school that just, you know, like an epic wind guy who just, ha ha ha, because that's what Elon is. He's an epic wind guy. Just, is he an epic wind guy?

Starting point is 00:26:31 Yeah, he's like an, he's an edge lord. That's the thing. He's an edge, it's one of the worst people on the internet that you can encounter is an edge lord. And normally you can just ignore it in life. And in life, yeah. And it's a nerd with confidence. He's got the personality of like a 20 year old

Starting point is 00:26:52 edge lord guy. Yes, that's just, but I think it's, he probably wasn't always like that. No, if you look at, I bet his brain is broken from being a thing. That's another thing. What? With the Will Smith thing.

Starting point is 00:27:07 There were all kinds of clips of celebrity's getting asked questions and stuff. Being a celebrity, your brain just gets rotted out. I wouldn't wish it on my worst enemy. I would, I'd wish it on Elon Musk. My worst enemy. He has no idea it exists. There was another clip of it.

Starting point is 00:27:23 I think it was in the lead up to the thing. Will Smith, he was in the actors round table. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. He has no idea. in the world. And I was like, I could get back in there. What are you talking about, man? Yeah. And that wasn't just like off the cuff. He thought about it. He was like, they asked me about being a great actor. I'm going to tell them I did this to get back at some 15-year-old girl. I mean, for some people, revenge is the most potent motivator. Hey, that's why Donald Trump's presidential campaign was so relatable, right?

Starting point is 00:28:06 He did that all out of spite, you know, Barack Obama made fun of him at a dinner. And he said, I'm going to take his job. Yeah, I mean, really. Yeah. And you see his face there. I remember they zoomed in on him. He's just his dumb potato side profile. It man looks like a potato. And he's going, I'll become president. I got this. We'll see. We'll see what's funny in 2020.

Starting point is 00:28:31 Yeah. He did get the last laugh. I mean, truly, he really got the like the ultimate last laugh. Truly. Yeah. Most people never get to become president. No. And it's very relatable.

Starting point is 00:28:45 Who hasn't been like... You've embarrassed me? I'll show you. Yeah. Yeah. Most people don't get to take a Barack Obama's job straight from... I'm just waiting for a president to make fun of me. Oh, me too.

Starting point is 00:28:58 Oh, God. Biden. Make my day. Yeah, call me corn pop. You old piece of shit. I'll have your job in three years. Yeah. But Elon Musk, I lost my train of thought. Yeah, sorry, I really, we were, we were, we were,

Starting point is 00:29:15 but we talked about his, oh, oh, his modesty. He used to be modest. I saw interviews. No, I saw an interview with him back in like the, when he worked at PayPal. He was like, I heard Saul they bought him a clarinet one and then called the news and was like,

Starting point is 00:29:30 come to my house and watch me drive around and make my car. That's the exact video. He's not modest at all. I'm asshole. Cause he seemed like it was just like, you go to McLaren and go to, you just like,

Starting point is 00:29:39 Hi, the news, come to my house. Yeah, check it out. I got the car. Look at my car. Yeah. check it out. I got the car. Look at my car. Yeah. Anyway. But look, it's, so a lot of people were talking about how the stock split can be very good for the stock.

Starting point is 00:29:55 Yeah, well, with the struggling a bit this year. With something like Tesla, it's just, it's all re, they could probably just keep doing this. They issue this split and then it goes back down to like 200 and then people are like, it's cheap again, let's buy it. And then they run it up 2000 and do another split. It's just... And it did work a little bit.

Starting point is 00:30:14 Do we have the quote? Yeah, yeah. This is from Adam Jonas of Morgan Stanley. What did he say? So it rocketed, right? And he said, we simply cannot fundamentally explain how a stock split can add nearly one and a half times The market cap of GM or one full Volkswagen's worth of market cap to Tesla almost instantly. It's just that's what I'm saying It's manipulative market shit. It's just wild. Yeah

Starting point is 00:30:39 Oh, so the other thing that's confusing is this is a split in the form of a dividend Because you can issue a cash dividend or you can issue shares. Yeah, so this would be the current shareholders are gonna get more shares five shares Well, I mean, I think it might be five. I don't know, but I just was yeah, I I'm a failure for not investing in But this I didn't know this so be So B of A global research said in recent research that stock splits historically are bullish for companies that enact them with their shares, marking an average return of 25% one year later

Starting point is 00:31:14 versus 9% for the market overall. Interesting. You're voice. I know. I can't get that high. Just like a puff of air, a puff of smoke. My buddy, my buddy, Kooch, one of my oldest friends, the one who drove the truck when I moond

Starting point is 00:31:30 the women's volleyball team. He had a cat that had no voice box, and when it would meow, it would just go, hey, oh, that's sad. It was the cutest thing. What were you gonna say? You're looking at something. Oh, I didn't realize how, I mean, I obviously knew Tesla had a crazy couple of years, but

Starting point is 00:31:48 I didn't realize just how crazy it was. So they're slipping 4.4% for 2022, but it jumped 49% in 2021 and surged 743% in 2020. So wild numbers. You know what the stock would be at? Pre-split? 5,000 a share. Jesus. It's ridiculous. But you know, it's more than a hugging car company. It's a technology company. You know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, you know, know, you know, you know, you know, you know, you know, you know, you know, know, you know, you know, you Like, electric cars, everyone's gonna be driving them, but pretty much every major car company has been like,

Starting point is 00:32:26 yeah, by 2025 our entire fleet's gonna be electric. Yeah. And then you have even new players like Riveon, Lucid, whatever, doing a similar direct to consumer model. What are you laughing about? I'm just thinking about how Elon Musk should do a cool publicity stunt to show off how safe the Tesla is by not wearing a seatbelt.

Starting point is 00:32:49 And just crash his car? No, no, no, no, no, no, no, no. He should not wear a seatbelt and show us how fast the car can accelerate, but then also show us how quickly the brakes work without a seatbelt. What happens if he fly through the car? Yeah. Or just show us how safe the AI is. Just like don't wear your seatbelt.

Starting point is 00:33:11 Go on a cross-configure. At 100 miles an hour, just trust the car. 100 miles an hour across the country. Just Elon Musk, no seatbelt. No, because the thing about the AI is it's more dangerous for everyone else, not the Tesla. Yeah, but like, it's like, that's a bike. I'm gonna hit it. Musque sacrifice, but extreme.

Starting point is 00:33:29 Uh, and then Elon Musk, who is just, he's so busy, but has so much time to use Twitter. That's what being a CEO is. Is being busy. He got a tweet. Yeah, well, he asked people if they, this is his, here I'll, Oh, he ran a little poll.

Starting point is 00:33:49 I'll read the poll in his stupid voice. Free speech is essential to a functioning democracy. Do you believe Twitter rigorously it is to this principle? And most people said no, that Twitter does not rigorously adhere to free speech. Also, can we clear up the thing that free speech does not apply to these private companies? It's protecting you from the government. Yeah, yeah, of course. We all know that. But then he says,

Starting point is 00:34:14 Newy, because everyone, literally every time someone gets fired, they go, I thought we had free speech in this country. Yeah. Yeah. I guess I was wrong. And then he followed up saying, given that Twitter serves as the defacto public town square failing to adhere to free speech principles fundamentally undermines democracy what should be done and someone suggested that he build his own twitter and he said m-considering this he said he's a new platform needed

Starting point is 00:34:40 uh... god just she's gonna do it he's gonna have to he's gonna have to go up against Trump though. There's gonna be truth, there's gonna be Elon, there's gonna be too many platforms. I love that, I love that baseline for these programs is gonna be, you can say whatever you want, but you just can't trash the creators.

Starting point is 00:35:02 So like, for truth, they're like, go ahead, have at it. But if you say one thing about Trump, you're out of your it. Where to go? Yeah. Elon's thing is gonna, the Elon is so thin skinned. Oh, yeah, absolutely. He's like fired employees for, you know, any negative talk. Yeah. There was another guy who he, I think he just got fired. He was working for them and he, he was open about it. He's like, I have Tesla or SpaceX. And Tesla. He was like, I have a Tesla or a SpaceActor. He was like, I have a YouTube channel where I reviewed tech and stuff. And like I've reviewed Teslas and so they knew about it.

Starting point is 00:35:32 And then he reviewed the new AI and released a video on YouTube and he had some negative comments about it. Candem. Wow. Interesting. He must be an at will employee where you can be fired for any reason at any time.

Starting point is 00:35:44 Yeah. Huh, but Elon Musk famously lover of free speech at his uh, oh yeah, absolutely. Loves, loves constructive criticism. Uh, it's funny speaking of truth. Donald Trump still has not used the platform. His own platform has not issued a single tweet truth whatever that you want to call it on son's have of course there and you know where they announced that they're like Eric Trump I guess did a thing last night on on truth and said he announced it on Twitter like go over to the truth social follow the old true social gonna be doing all I don't know why he's a morning radio DJ but be about that gonna come up next.

Starting point is 00:36:25 I'm coming up next on True Social, be in my dad. That poor guy. Donald Trump. Have you heard the story about when he smacks, Junior? Yes, at a party, just like back in. He goes to pick him up at UPen. Uh huh.

Starting point is 00:36:39 Oh, he's a college boy. Yeah, and he know, he like told all his friends, like, my dad's on a Trump, like he's so cool, he's coming. He loves me, I swear. Oh my. And then Trump like shows up in a limo. Yeah, and he's like, you gotta meet my friends. And Trump just like, gives him the Will Smith treatment.

Starting point is 00:36:56 I like the idea of Trump driving the limo. He wouldn't, but you know, if I were rich enough, I would drive the limo. I'd put the limo driver in the back Hey, you'd take a load off pal. Let me drive this thing. I love trains Not me. Yeah, you'd sit in the back. Why not read a book. Yeah, I guess He did hit a hole in one. He's really turning into like a Kim Jong-un type Trump hit a hole in one. He's really turning into like a Kim Jong Un type.

Starting point is 00:37:25 Look at how long. So Donald Trump hit a hole in one on one of his own golf courses and he put out a press release for it. And it's long. Emil, will you read this? Please read this to me. Statement by Donald J. Trump, 45th president of the United States of America. Many people are asking, so I'll give it to you now.

Starting point is 00:37:43 It is 100% true. While playing with the legendary golf or Ernie L's, winner of four majors and approximately 72 other tournaments throughout the world. Gene Sowers, winner of the senior US Open, Ken Duke, and Mike Goods. I love how he's even bragging about the people he played with.

Starting point is 00:37:58 Yeah, of course. It's so great. Both excellent Torf players, I made a hole in one. It took place at Trump International Golf Club. Of course it was at his golf club Of course, I really don't know In West Palm Beach, Florida on the seventh hole, which was playing a hundred eighty-one 81 yards into slight wind. I hit a five iron which sailed magnificently through

Starting point is 00:38:17 Into rather strong wind with approximately five feet of cut where upon it bounced twice and then went clank into the hole These great tour players noticed it before I did because their eyes are slightly better, but on that one hole, only their swings weren't. Anyway, there's a lot of chatter about it, quite exciting, and people everywhere seem to be asking for the facts. Playing with the group of wonderful talented players was a lot of fun. That match was Ernie and me with no strokes against Jean Mikingken. I won't tell you who won because I'm a very modest individual. And you will then say I was ragging and I don't like people who brag. Holy shit, I never read the whole thing.

Starting point is 00:38:52 I don't like people who brag. It's so amazing. Oh, good for him, so good for you, sir. Give him Twitter back. Give him his Twitter. He was the only one who... Joe Biden, I saw a video of him eating pizza in Poland with the troops. And it's it's a it is.

Starting point is 00:39:10 If you didn't know who Joe Biden was, you would think, oh, that's like an old dementia patient eating pizza because he's like taking, he's not looking at anything in particular. He's taking a very slow, huge bite and then like Wiping his mouth with both hands with his napkin and then he he just kind of goes like this He slowly points to something and the soldiers sitting with him goes like oh, yeah, that's yep I saw a video of the same but he's just telling a story and everyone's just kind of glassy.

Starting point is 00:39:46 I'd like. Yeah, because they're the troops and they're like, wow, this is the guy who's the boss of the army. Right. Fuck. We're fucked. They got to get Trump over there. They really got.

Starting point is 00:39:57 God, I love ending an, like, a statement of you bragging being like, I hate a brager. Like, I'm not not gonna do it. It's a bit like, it's a bit like, hauling off and smacking someone and then calling yourself a vessel of love. Yeah, I wonder who did that. So we got a lot more to cover here. Oh, you know what I fucking forgot to do?

Starting point is 00:40:20 Why did you fucking forget? For this episode, I wanted to do up front, hey, this show we got this coming. We're gonna be talking about this. We're gonna be talking about a little bit of this and a little bit of that. And I forgot to fucking do. You're gonna be like Lou Bega.

Starting point is 00:40:36 Little bit of Trump and Hanley Blond. Little bit of Biden and baby Lou Twitter. A little bit of Tesla's gonna split A little bit of Biden, Jr. and Peter You know who's testing sustainable fuels, Emil My now almost gonna be my new favorite Manufacturer of airplanes Airbus because you fucking call Bowings. You pinko piece of shit. Bowings gotta get their shit together.

Starting point is 00:41:07 They gotta get that company run by engineers again and not the fucking number dorks. Did you spill water on yourself? Shut up, Tee-Gone. Did you spill water on yourself? Oh, it looks like he peed. Oh no. Shut up.

Starting point is 00:41:18 Ha ha ha. Stupid ass. Can't even take a drink. Stupid ass. You know who should test new straws and you? What happened with air boost? Airbus tested sustainable fields on their A380 jumbo jet no less, using 100%.

Starting point is 00:41:32 Oh, the Rob report. Oh, that's the name of the way. Yeah, the website is the Rob report. You sent this to me, I'm like, what websites do you go to, dude? I'm an avid, it's just my friend Rob, for New Jersey. The Rob. What's up, Rob here?

Starting point is 00:41:47 Using a 100% sustainable aviation fuel. So the cool part about this, and one of my favorite airplane facts is that once they were at altitude, they just switched on to just one of the engines, because apparently only one of the engines was set up for this. That's what French and New York engineering will get you. But that entire big ass honking whale of an airplane flew with just one engine out of the four.

Starting point is 00:42:10 With cooking whale and other flats. Other fats. Fats flats. Is European like on flats? No, that's fia. I am getting a little flat. Well, so that's one of my favorite airplane facts is that you can actually fly the dang airplane with just one engine, even a big ass hunker like that.

Starting point is 00:42:29 Turn them both off, let it glide. Yeah, let it glide. Well, that's what happens when you lose all the engines, it just turns into a big glider. Airplanes have what's called a glide ratio. Remember when Denzel Washington flipped the damn thing? Yeah, I can't. You were so drunk. They still sent them to jail.

Starting point is 00:42:44 Bullshit. At the end of the movie, they sent them to drunk. They still sent him to jail. Bullshit. At the end of the movie, they sent him to jail. If you flip a plane, you get out. Well, one person died, two people died. And this is a movie. This isn't real. No, Denzel Washington was flying drunk. Fliped in airplane.

Starting point is 00:42:57 I also loved that the whole crux of the movie was the plane was, they were like, we're going to get him high on cocaine. Oh, yeah. Yeah. Yeah. Because he needed it. Yeah. We got to even him out. We was in coke. He was so hungover. And then he was just like in front of Congress. Like, I've got a shit so bad. I just have to confess now. I'm drunk. Look, I did it. I got it right now. That's what he says. I'm drunk right now.

Starting point is 00:43:24 Does he? I haven't I saw it in the theaters. Oh, yeah. He basically admits to being an alcoholic in front of God and everyone. And then they send with jail. And that's the only place where he could get sober. Interesting. Yeah. It is a good it's a good movie. Rob is a mechus. Yeah. And if you're an addict, oh, baby, be prepared. That is a that is a movie for addicts because he's a freaking alcoholic man and a coke addict. John Goodman. John Goodman is his drug dealer.

Starting point is 00:43:52 Yeah. You know who's going, trying to go public is only fans, the pornography, the pornographers, and they're trying to separate themselves. See, that's my fault. I thought they were public already because I've been paying monthly at this point. Like, I don't even, what is that for if I'm not? That's your subscribing to someone. Oh, fuck.

Starting point is 00:44:11 Yeah, that girl who you say is your girlfriend, buddy, I got bad news for you. No, I, I've been telling people I'm an early investor in only fans because you pay them it. Is that not what that means? No, no, no. You should check your subs and see what you're getting, because you're probably getting something for it. You think so?

Starting point is 00:44:28 Yeah. Some high quality photos. Should I look? No, not right now. This is a family show, a Christian podcast. Because there was some Disney, there was some like Disney executive who was gonna lead the SPAC, the special purpose acquisition company,

Starting point is 00:44:44 to take them public, but then was like, actually, this isn't very Disney friendly. Bob Iger was like, it wasn't Bob Iger. But it was some guy, some dork. That's what Bob Iger got outed as a subscriber to a lot of women. And he tried to be like, no, I was doing research. We were thinking about investing. Yeah, and we had to see what was out there. And naturally since a lot of it is

Starting point is 00:45:06 pornographic in nature, we had to subscribe to that, and it's, you know, the effects. But they, that's apparently a problem. It's so weird that it's like so many investors are like these bankers and executives and shit don't want to have anything to do with it because it's pornographic in nature. Yeah, but that, remember when they almost cut off porn hub? Well, yeah, it already happened with porn hub, but basically they were only fans was going to take all the porn off, right? They were going to say it's no longer a porn graph. Oh, I didn't know that. So they would be a competitor to Patreon. Kind of, but it wasn't gonna work.

Starting point is 00:45:45 I mean, they quickly reversed, but I think the problem is that stuff like porn hub has had issues with payments and stuff and it's been really hard. Interesting. And I think they were like, we're gonna get screwed with that if they cut off payments. I don't think that they can separate themselves from the, because only fans is now such a meme as like subscribe to my only fan. What is your plan? Yeah. I don't know. Just stay private.

Starting point is 00:46:08 You don't need to raise money. Just fucking sell yourselves to someone. I don't know. God damn. What's that next thing? You sent me this devastating link about how the average price of a new home has just gone up. The average price of a new home sold in the United States.

Starting point is 00:46:24 It was just a crazy chart. It has hit a record of $511,000, up 25%. Over the last year, it's insane. I didn't, you always hear about how high the prices are. Sorry if you're an audio listener, but this chart is crazy. It's the last 10 years. And you know, up and down, up and down, up and down.

Starting point is 00:46:44 And then just like a fucking rocket ship it goes up it's just it's really illustrated how crazy it's gotten. Also do we have that other one our producer sent us a cuz I was telling the Graham Stefan. I was telling him yeah. But I do we have that other chart we were um I'm pulling up. Oh sweet. What other chart?

Starting point is 00:47:05 Remember, it's the one of, you know, the average salary. And then Oh, that meeting household income average home values are just as divergent as it comes. And average salary, you know, they've been chucking along not really going up at all. Average home average home value just up and up and up and up and up Wow, a brief a brief quick fall in 2008 and then right back up. Yeah since 1965 median household income has gone up a modest Maybe 20% while average home values have shot up to nearly 125% Not us, pal.

Starting point is 00:47:45 Not you and me, not homeowners. No, no, no, no, no, no, no. Not sure if we ever will be. Graham Stefan, please stop buying houses. Stop. It is crazy. I don't, I don't, I really was, I've been trying to figure out a way

Starting point is 00:48:01 that they could do anything about the home prices and I'm just like, I don't see a way out. Set them they could do anything about the home prices. And I'm just like, I don't see a way out. Set them on fire. Set every home on fire. No, I don't think that's a little, burn them just a little. I don't think that's gonna help,

Starting point is 00:48:12 because a big problem is that there's a shortage and they can't build enough homes. And now with all the supply chain issues, construction companies are having a hell of a time getting materials. What do they make of this supply chain out of plastic? Haven't they ever heard of metal? Have you ever seen a metal chain?

Starting point is 00:48:31 They should make the supply chain bigger and stronger. Why don't they just make the whole supply chain out of the black box? Yeah, why don't they just make the... Hey, you're gonna buy a new home? You're gonna buy a new home? You're gonna have to put some furniture in it, right? So the restoration hardware for those of you who don't know is like the really, really nice

Starting point is 00:48:54 expensive furniture that you don't have. But. If you, it's so expensive. It's so expensive and so nice. It is really nice. I love going into one of those stores and being like, like just a huge leather couch.

Starting point is 00:49:10 That's cost like three grand. More. Yeah. And if I had the money, baby, you bet I'd buy one. They're so nice. They're so nice. There's one called like the,

Starting point is 00:49:21 who is that, who is that British guy who like ended World War II? Smokes of guards. Are you talking about Winston Churchill? Winston Churchill. There's a chair that they've got called the Churchill. And it's like their flagship arm chair. It's a recliner, it's just a big fucking leather couch.

Starting point is 00:49:38 I wouldn't say that. You sit in that thing, it makes, it doesn't even make fart sounds. Yeah, look at that thing. Ooh, that looks nice. It's that thing. You can just look at that thing you can just tell It's probably fucking $2,700 how much is it? 2471 that's a very specific price that's the members price the regular price is 3200 that's the wow

Starting point is 00:49:58 $3200 well, you got to be a member. You got to be a member. Does that thing recline at least is some of them do Remember you got to be a member. Does that thing recline at least? Is some of them do. Oh my God. Yeah, look at that. Look at that. That's living. God damn, that thing's just a big spoon and you're the soup.

Starting point is 00:50:11 That's a nice nap chair. That is, I wanted to get one used on Craigslist and it was like 700 bucks and I didn't get it cause it's a huge chair. Massive chair. But anyway, so restoration hardware. Restoration. They just reported earnings and the CEO had some pretty. He was having a break. Well, it's fun because he wasn't having a breakdown. No, he did, but he seems like he's having a hard, hard

Starting point is 00:50:39 time making bullish comments. No, just making sense of what's going on and it's it it was honestly kind of refreshing to see like a ceo be like i don't know what the fuck is going on no one does there's so many pressures and there's all these really choice quotes he starts talking about the big short i don't want to scare everybody but i talk about it but i talk about like there's the scene in the big short where everybody is in that all ballroom and the guy thinks it's the guy from

Starting point is 00:51:04 bear's terms or someone is up there and he's saying how they are going to buy back one billion of their stock. And then one guy on his blackberry goes, can I ask you a question, sir? In the 20 minutes that you've been talking, your stock is down like 55%. And everybody ran out of the room. I just think we tend to just try to be transparent and honest. And look, maybe our stock is going to take a big hit because of this. And people are going to think Gary Friedman wasn't excited.

Starting point is 00:51:24 I've never, I've never been in my 22 years here. I've never been more excited. I've also never been more uncertain Yeah, apparently What did he mention multiple times during this? Oh, yeah, he says I mean it's probably one of the scroll down just a little I mean, it's probably one of the most difficult guides since 2008 and 2009 because we were right in the middle of this disruption from Ukraine and Russia. You've got housing prices at all time highs. I mean, is it sustainable? I don't know for how long math doesn't make sense on kind of what's happening in the

Starting point is 00:51:57 housing sector and other places. Yeah. So this article from Fortune is asking whether or not restoration hardware is a canary in the cold mines, so to speak. We've experienced softening demand in the first quarter that coincided with Russia's invasion of Ukraine and the late February and the market volatility that followed. We believe it is prudence remained conservative until demand trends returned to normal. There's one about him talking about supply chain issues. Oh gosh, there's so many. You've got a flation like I've never seen. Now I was telling people when Yellen said we're going back to 2%, we were just signing

Starting point is 00:52:26 our new freight contracts, ocean freight contracts. I just, I wonder if anybody at the Fed has picked up the phone and called the business person and said, hi, what do you think is happening with inflation? How are ocean rates? How is this? How is that?

Starting point is 00:52:38 I mean, I think, I don't think that anybody really understands what's coming from an inflation point of view because either businesses are going to make a lot less money or they're going to raise their prices. I think it's going to outrun the consumer. Yeah, and if the war in Ukraine ends and inflation slows down some miraculous way, I don't know. Everybody can sign new freight contracts because I mean most of the world, all sign new freight contracts. Two years ago, the price of a container for us went from 2400 to 4800. Yes, yes, it's doubled.

Starting point is 00:53:08 I'm not going to tell you what it just went to, but let's just say that looked like a nice increase. So, and it's not just us, it's everybody. So, Gary Friedman, CEO of Restoration Hardware, is a little spooked. It's nice to hear someone spooked, because it's, is it? It just feels like a little dose of much needed reality. It's right. I think sometimes I'm just like,

Starting point is 00:53:31 what the fuck is going on? Why are these guys pretending like they know what's going on? Yeah, nobody fucking knows. And the Fed just, oh man, Jerome Powell, I fucking think. But what was the theory? You said there was a theory

Starting point is 00:53:40 that he was kind of softening the blow for possibly restoration hardware underperforming. I mean, yeah, CEO will do something like that to kind of like he's like, oh, it's not our fault we're underperforming. It's all these crazy factors. Yeah, that's that could be what he's doing. I mean, it might basically, he might not be a canary in the coal mine.

Starting point is 00:54:03 He might just be blaming all these other things when it's just the company itself. You ever seen a picture of this guy? No. It's kind of, he looks like a... A weenie? No, he looks like almost like Mickey Rork, but a little bit...

Starting point is 00:54:17 Gary Friedman? Gary Friedman. Oh yeah, yeah, wow, he does. Man, this guy looks like if Restoration Hardware was a person. He does, yeah. He looks like a rich guy. Oh yeah, look at him. Look at those.

Starting point is 00:54:30 Look at those. He's been a fucking Churchill chair. Yeah, look at those jeans. Look at that well-fitting shirt. Look at those leather bracelets. Look at that tan. I'm Gary Friedman and I love. And I'm scared as hell.

Starting point is 00:54:43 Have you guys seen these freight rates? I'm freaking the fuck out. Do you know how much it costs to ship a Churchill chair? You wouldn't believe it. Oh, sorry. I'm watching the market right now and it's at the daily low, which is interesting. You know what I think is probably some of the best news out there is that it was revealed. There's this big article from Taylor Lawrence, who's a tech reporter at Washington, Washington, she lives, she actually, she got in trouble, not in trouble. Everyone was kind of ragging on her because she said that journalists should now be more committed to their own brand rather than linking themselves to a publication. I mean, it's been, it's been going that way, right? rather than linking themselves to a publication.

Starting point is 00:55:25 I mean, it's been, it's been going that way, right? I mean, I, sub stacks and whatnot. I prefer it. I mean, it's easy to find journalists you like, follow them on Twitter, and then read their articles when they post them rather than, I mean, what, you're gonna be like, oh, the Washington Post is where I should get my news.

Starting point is 00:55:41 Like, if Taylor posts something, it's like, all right, she's an interesting tech reporter, I'll read what she's got to say. But like, I'm not gonna fucking read through Jeff Bezos as fucking newspaper. Yeah. Yeah. Well, she posted this, or she published this big scoop

Starting point is 00:55:57 about how Facebook, formally Facebook meta is paying a company called, or a group called, it's a consulting firm. It's a Republican consulting firm targeted victory called targeted victory to quietly or for street love conservative names of remember like bullet coffee or whatever the fuck it was black rifle call black rifle coffee. All of our beans are picked by vets by vets who are strapped So it targeted victory is going to quietly orchestrate a nationwide campaign to turn the public against tiktok and

Starting point is 00:56:36 I like this because I think tiktok is bad and it sucks that It sucks that Facebook, which is equally bad, is gonna be like, I don't know how. It's like the enemy of my enemy is my friend. Yeah, I guess if Facebook can destroy TikTok. If anybody can destroy, it's gonna be Facebook. But then we also need to destroy Facebook. Maybe they can destroy each other.

Starting point is 00:57:01 Mark Zuckercorn is really gonna stick it to TikTok, but I'm going to put my kick my feet up here. Because you know, it's really tragic what's going on with big tech now because. Wait, wait, we should talk a little bit about what they're doing. Right. Yeah. Sorry. Go ahead. So they've got a scorched earth campaign against TikTok, including planting meta-approved op-eds and major regional news outlets and concern parents promoting dubious stories

Starting point is 00:57:29 about TikTok trends, pushing to draw political reporters, politicians, into the fight. Target victory is push stories to local press across the country, tying TikTok to dangerous teen trends in an effort to show the apps reported harbs. Harbs?

Starting point is 00:57:43 What's a harb? Harbs, you mean? He tried to say harms, but he said harbs. Got it. I mean, the M is right next to the B on the keyboard. Exactly. Well, it's not. It's one letter.

Starting point is 00:57:57 But I love this. They're putting like little scary stories like, the dream would be to get stories with headlines like from dances to danger. How TikTok has become the most harmful social media space for kids. And in October, targeted victory worked to spread rumors of the slap a teacher TikTok challenge in local news, touting a local news report on the alleged challenge in Hawaii. In reality, no such challenge existed on TikTok.

Starting point is 00:58:20 Yeah, so this is what I don't like about their thing. They're doing it in the wrong way. Don't point to like, kids are gonna be doing dangerous Dances and stuff. They're gonna be dancing on the edges of buildings and trying drugs Do it like about how tech is poison for developing brains? They can't do that because then they're gonna pull themselves into it Right if you talk about like because the real story is that tiktok is horrible and it's I mean It's really amazing the way it's, I mean, it's really amazing

Starting point is 00:58:45 the way it's captured the attention, right? It's, yes. Psychotic. It's the reason I like refused to go on it now. I got, I downloaded it during the pandemic and I was like, it's a good way to waste time. But then like a month later, I was like, this is sucking me in so hard.

Starting point is 00:58:59 And I, so I was like, I don't wanna be a part of this. And, but Facebook's whole game, Instagram's whole game, all of these things is grabbing your attention, right? Robin Hood's whole game was figuring out how to use the app longer, right? That's why it's like, let's add confetti, let's gamify it, let's do all these things. Big text whole thing is fighting for your attention.

Starting point is 00:59:19 So if Facebook's story is gonna be, no, no, no, don't let your kids use TikTok. They've done what we're trying to do too well. Like, it's not gonna work. Yeah, that's what's devastating. So what I was gonna say earlier is the big tech problem that our culture and society faces is, it's like, it's bigger than cigarettes ever were.

Starting point is 00:59:43 We are bigger than cigarettes ever were. We are bigger in cigarettes ever were. We are bigger in bed and bed that we're in cigarettes. In every way. In every way. If you like cigarettes, baby, wait till you try Instagram. Ah, but it's like,

Starting point is 00:59:56 the cigarettes were easier to go after because it wasn't the whole market. The whole market is like Apple, Facebook, Google, Amazon, it's all these big tech companies and everybody's retirement is linked to the value of the market that is linked to the value of these companies. So it's like in everybody's worst interest

Starting point is 01:00:15 to go after these, because everybody's gonna be poorer because of it. But I think that we, this is the only time where I'm like, man, we gotta get the government to step in and say, like, all right, you know what? TikTok just turns off for everyone at like 7pm. Only TikTok?

Starting point is 01:00:31 TikTok or like social media curfew, 7pm, so shit. Let's have Twitter. I like being on Twitter. Yeah, let's have, yeah, Twitter's, Twitter's okay. But like TikTok, you gotta turn off, have an educational hour or something. Do something. Make it be educational shit for two hours of the day.

Starting point is 01:00:50 I'll talk, TikTok is the one where it's, I feel like the most misinformation is coming from. It's like the amount of things that people send me and I go, all right, I'll watch it. And then I'm just like, you know, this is so wrong, right? Oh yeah, my friend Kevin tweeted that he wrote, he jokingly, that he wrote the Will Smith slap bit for the Oscars and like, wow, I'm really glad

Starting point is 01:01:19 that we got everybody to like unite over this. It was a really, you know, we really pulled it off. And some girl in TikTok was like, you guys, the person who created this bit is bragging about it on Twitter. And let's take a look at who he is and did like a two, three minute video on my friend as if he were, as if we're real love that. And it's just oh man. Their brains aren't built for the like Twitter irony shit posting. Yeah, cuz back in the day You could shit post and everybody nobody knew what was real and in and at least you had that no Not gonna day Twitter was insane. Yeah, there was a natural skepticism built in

Starting point is 01:02:00 Yeah, but and it was kind of like everyone on there was like Dicking around. Yeah, but and it was kind of like everyone on there was like Dicking around. Yeah, yeah. But now everyone's kind of turning into their series. It's like, oh, you have to have Twitter. It's like your brand. Yeah. You have to have a take on everything. But what's the matter? You're all right. I was just checking the time. She's seen what time it is. Why? Just because I'm curious how much further we know. You know how rude that is? You're on a date with something. You look at your watch. Oh, I know. You know what the word just did that to me.

Starting point is 01:02:26 We're on a date together. We're having a nice time. The car, is it? I'm thinking about getting another bottle of wine and you look at your watch. Wine makes me sleepy. You know I've got a big date in the world. I lost my train of thought.

Starting point is 01:02:38 No, we were talking about TikTok. TikTok. TikTok. And how back in the day Twitter was damn Twitter still is getting Yeah, but they just can't figure out how to fucking make that like they really need to make me CEO I could make that thing into a The fact that that company is not printing money is a testament to their failure and their Like board of directors,

Starting point is 01:03:05 bureaucracy bullshit. It's a really hard thing to monetize. No, it's not. I tell me how you're stupid fucking Twitter blue thing that no one is using. Yeah, make Twitter blue more expensive. Seriously, add more features. Make it more expensive to sing no one likes.

Starting point is 01:03:20 And if you if you can stick ads into a native experience like fucking Instagram stories, you can do it in Twitter It's just a feed like everything. They have ads in there a lot. Yeah, but you can willfully ignore them You can just say like don't show me this shit again But then it's girls doing you have like a fucking I don't know just god damn god We should all delete our social media. It would feel so fucking good. It would, but then how would you tell everybody that you deleted it?

Starting point is 01:03:48 My friend Adam invented an app where the goal is for everyone to unfollow you. You start with like 500 followers and the goal is to get to zero. I love that. I love it. He built a prototype and everything. I don't remember the name of it, but it was great.

Starting point is 01:04:04 He showed me and I was just like, it's made us all worse. It's made us unhappy. It's made me better and happier. Has it? Yeah, I'm so much happier. I'm so much less happy. I'm joking, I'm very much not.

Starting point is 01:04:17 But also social media has given me, you know, without social media, we wouldn't have this show. No, we would do it live weekly. Come to what? Huh? Wait, what did you say? Our show is now a live in-person show. No one, it just happens once.

Starting point is 01:04:37 Yeah. And you were there to hear it or you weren't? Yeah, you're not taking pictures on your phone. You're never gonna look at it again. Oh, fucking someone Videoing at the whole time. Are you insane? Yeah, I asked people to put their fucking phone down. You do? Oh, yeah good I hate that one time it was an old guy. I was an Elvis Costello concert Uh-huh, and it was a guy like my dad's aged and I was like how is this guy filming like this? I bet he was holding it like this dude Why This guy filming like this I bet he was holding it like this dude. Why

Starting point is 01:05:07 Cuz I have it Please put it down. I don't want to watch the show through your phone. Yeah, he's like oh What do you do with them watch him later man watch him later? I've never watched the video I've taken Me either or looked at a picture of taking I've never looked at a picture of taken. I've never looked at a picture of taken. Ever. Buzz. I'm the best. Another thing is, I mean, what, what? Go off, King.

Starting point is 01:05:33 Just so you know, we're not like pro meta. I mean, there was another story, like Apple and meta and all these other companies snap, where just they just completely got fooled by fake law enforcement requests and just basically like released all your data because they were like, oh, they look legit. The cops said we got to give it to them. So we gave the cops. Oh, they were cops. Oh, not again. We gave the information. Yeah, they gave the information to hackers. Cool. You're the biggest apple. You're the biggest company in the world you have more cash than like 90% of all other companies You can't invest in a little bit of the extra security. Well the problem is they see a little these emergency requests

Starting point is 01:06:15 Usually there's a process you have to go. Oh, okay. I Wonder who these hackers what information were they trying to get mine? hackers what information were they trying to get mine sucks We got this guy we need to get his fucking information. He's this Greek Italian piece of shit Is his is what's that yellow yogurt you guys eat? Yellow yogurt or white yogurt. What is it like Greek yogurt the sauce? No, no, but it's like a sauce Oh, it's a Ziki. Yeah, we need a Zeki sauce. It's so good. It's so good. The only way we can get it We here's what we're gonna do to get the Zeki sauce. What are they gonna do? They're gonna hide a Facebook. I'm I get an email It's the cops. It's the cops

Starting point is 01:07:02 Give us the Zeki it's a a coffee we need, this is a Ziki's ass. Should we talk about Biden's budget? I mean, a little bit, we're getting late here. Yeah, let's see, dude. Yeah, okay. Biden's got a key, he's proposing, I'm getting to the part of the show where my speech is slurring.

Starting point is 01:07:19 Yeah, you get like sleepy. What do you mean for breakfast? My man's checking the clock. Well, I had- I'm ready for a second bottle of wine. I'm thinking, I'm sleepy. What do you mean for breakfast? My man's checking the clock. Well, I had- I'm ready for a second bottle of wine. I'm thinking, I'm like, I'm like, I'm like, I'm like,

Starting point is 01:07:31 I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like,

Starting point is 01:07:39 I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like, I'm like,, then you know I'm gearing up for a kiss. What if my lips are just dry? Well then I'll give you some off my lips. That's how it works.

Starting point is 01:07:48 Oh, your lips try? Why don't you kiss me? I just chapped up. That's a great... That's a great chapped up. No, I had a cereal bar, and then I had a... That's your problem. You ate the fucking pop tart, man.

Starting point is 01:08:01 Yeah, well no, then I had a pop tart. Now you're crashing. No, I'm not crashing. No, I'm not crashing No, I'm fine. I just um, you know, I I like we said it was Jack boy summer We got it we got a I am jacked I went to the gym yesterday at clon for like two hours All right, and then I did my pull-ups and shit, but that pop tart is not gonna That thing is popping off in my belly right now my body's being being like, damn, we got so much glue close to process.

Starting point is 01:08:26 It's going straight to your mouth. Sunder to the blood. Okay, so anyway, body proposes fucking federal budget. Yeah, it's clearly a messaging tool. He doesn't actually set the budget. Congress does, but he releases it and he says, here's what I want to do. Here's what I think we should do.

Starting point is 01:08:42 Here's what I want to do. Here's what I want to do, Jack. Here's what I want to do, Jack. Here's what I want to do, Jack. what I think we should do. Here's what I want to do. Here's what I do, Jack. Listen up, Jack. I Want to spend money on this guy's the more pizza. Did you guys have pizza in Poland? What was that? I was I proposed more of that Polish pizza. Why does he have a southern accent when you do it? Because I can't do impressions. Oh, yeah, but I like it.

Starting point is 01:09:07 I like how you do it. Jack, he wants to do $813 billion to the military for a new long-range stealth bomber, nuclear, capable submarines. You know what I bet? And hypersonic weapons, what? I bet they'll give me even more than that. Probably, yeah.

Starting point is 01:09:23 They got it. He wants to, perhaps the biggest, most controversial thing is a 20% tax on income and unrealized gains in stocks for people with over $100 million net worth. That's tricky, because it's like, if you have a stock that's up and then it tax you and then the stock plummets, too bad, so sad, but then like you said, you can probably get a nice,

Starting point is 01:09:47 yeah, they could figure it out. They could tax it back at the end. Also, they want to do something else. Because look, it's all unrealized gains, right? These guys pretend like they never make any money. But what they do is they use all their wealth to take out these loans. And they live off these loans.

Starting point is 01:10:01 It's, they do buy borrowed dye. You ever heard of that? Yes, or no build borrowed dye build back so you build wealth bbw You never spend it you bought you borrow off it you get these loans and then you die and you transfer all your wealth to kids They never they never have to they and then they can do the same thing Fuck I gotta do that build borrow die right so they're living off loans So you know tax the loans, tax anything. Stop pretending just like, oh, there's nothing we can fucking do about it.

Starting point is 01:10:28 Wait, so if I have like a hundred million dollars in stock, I take out a loan at a very low interest rate. That's what Elon Musk does. He says he doesn't, he's like, oh, I don't take an income. I live in the factory. Shut the fuck up. You sound just like him.

Starting point is 01:10:41 Shut the fuck up. Wow, it's like he's right here. So, you know what, shut the fuck up. What would you think Elon Musk would say if I said shut the fuck up? No, why don't you? It'd be like, a challenge, fight one on one. Winner gets you crane.

Starting point is 01:10:58 That's what I'm saying. When it gets control of the memes. But yeah, so I mean, I doubt Joe Manchin is gonna fucking allow this billionaire tax to happen. Oh, one thing we didn't talk about with the defense budget, what? I'd like to point out that remember everyone was making fun of Trump

Starting point is 01:11:22 because he created Space Force, which he really just pulled off a weird part of the Air Force and made it like an official branch of the military. Sure. Even so much so that there's now like a Netflix show called Space Force where they're like, isn't this ridiculous? They made that too fast. Mm-hmm. Well. Well. Biden's adding billions to the Space Force.

Starting point is 01:11:42 Well, yeah, because it's the next frontier. What is he, what is he, no, he's adding 24 and a half billion to US Space Force and Space Development Agency. About five billion more than what Congress enacted in 2022. I don't know, but China and Russia are up there fooling around. Who knows what they're doing up there? Pchuh, pchuh, pchuh, shootin' shit. Shootin' lasers, yeah, get us up there. Get us up there doing what?

Starting point is 01:12:02 Going back to the moon. The Earth is on fire. We're all gonna fucking melt. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah.

Starting point is 01:12:09 Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah. Yeah, yeah.

Starting point is 01:12:17 Yeah, yeah. Yeah, yeah. Yeah, yeah, yeah. Yeah, yeah, yeah. Yeah, yeah, yeah. Yeah, yeah, yeah. Yeah, yeah, yeah. Yeah, yeah, yeah. Yeah, yeah, yeah. Yeah, yeah. Yeah, yeah. Well, they've got some of that. They've got $11 billion.

Starting point is 01:12:25 Not enough. $11 billion to help other nations transition to clean energy, which is four times the amount under Obama. $17 billion in climate research, which is less than 10% allocated to the, wait, is that less than 10%? I don't know what to pretend.

Starting point is 01:12:39 I can't do that in my head. No, that's like 20% of the, fuck me, I can't think. Like that air bus we were talking about? Yeah. Fucking, let's figure it out. Then they reduce emissions by like 80% or something crazy. Yeah.

Starting point is 01:12:53 So they're also going to, yeah, 17 billion to climate research and eliminating tax incentives for oil and gas producers. 68 billion for highway program, which goes to roads and bridges and electric vehicle charging 21 billion to the federal transit administration for bus and transit system. He's also doing a cool. He also What proposed the plan for

Starting point is 01:13:16 To curb stock buybacks Interesting. Yeah, huh. He doesn't ban them outright, but it's it would make it harder for CEOs and stuff to sell within a few years or whatever Interesting, which it would hopefully could did you know stock buybacks were not a thing until 1982 when Ronald Reagan Made it legal. I did not know that the 1980s man. What a fucking time. Yeah, I was only born there So I didn't really get to experience much of it If I was alive I'd say Ronald Reagan Ronald Reagan, what year are you born? I'm not gonna tell that to these three. Must be 1990.

Starting point is 01:13:50 Nope. 91? No. 88, 89. I don't know. I'd say, I know what year you're born. I was in Germany when the wall went down. Wow.

Starting point is 01:13:59 What were you doing there? Being a baby, shit in myself. Shit, dribbling up your back. I was in Germany when the wall went down. Wow. What were you doing there? Being a baby, shit in myself. Shit, dribbling up your back. So you're in Ronald Reagan, cut it out.

Starting point is 01:14:12 Quick deregulating everything, you psychopath. Damn, this baby would be hitting. The lead is a fakey food. This baby would be hitting. My favorite part about this budget thing, though, is $200 million million a modest amount to our two antitrust agencies that are antitrust. Antitrust you're my favorite antit.

Starting point is 01:14:33 That are pursuing Apple, Google, Amazon and Facebook for their antitrust shit. But I mean. Lena Khan, baby. The thing that sucks about this is that those companies are so awash and cash. They can just, they can just, that's why the government needs more money is because the government can sue them all they want, but then they can just be stuck in court for decades probably. I mean, who knows? Shit's insane. It's going to jam me up in court. Yeah. I mean, God, I just, it's scary. Oh, we are so close to just the last,

Starting point is 01:15:12 we are like the last semblance of a functioning government. We will make our transition into a total corporate fascist state. Why not? Just give it to Visa. The United States government brought to you by Visa. It is funny. Everyone is so against like...

Starting point is 01:15:27 And chickfully. Fight so hard against any government programs or government taking more of a, you know, role in their life, but then with private companies, they're like, take all of my data. Bring your devices into my home that listen to everything I do. You know if you have a like Google or or Amazon any of that stuff they just like completely know all of your All your shit all of your proclivities. They know what time you go to fucking sleep They know what temperature you like it. They know how many people are visiting your home. What time you're leaving government's got to compete

Starting point is 01:16:03 you like it, they know how many people are visiting your home, what time you're leaving. Government's got to compete. Bidenphone. Give us a bidenphone. No, I don't think we need the government to do those things, but like, it'd be great if you were okay with the government building out like a fucking federal healthcare program for everyone. Well, the problem is that it would take forever and they would, they would... No, it wouldn't. So many middlemen in there, they would, they would put all their cousin, hey, my cousin's got a company that does this and then they fucking pay them out.

Starting point is 01:16:29 It's just all corrupt. No, yeah, yeah, that's what happens. What happened? It's all corrupt. It is all corrupt. We're not gonna do this right now. Look at that, the government is corrupt. How do you mean it's not corrupt?

Starting point is 01:16:38 But what are you talking about? You think like what's going on now is better, like insurance? No, I'm not saying that. I'm saying that you got a, But you're, we have to try. Yes, I agree. I'm gonna kill you.

Starting point is 01:16:48 I fully, no, I agree we have to try. I just, I think that we need to impose. But to even say it is like, what? What's gonna happen to some guy? You're just describing like every like, what I'm saying is we need to do both at the same time. We need to put in some more. You know, we have a great deal of like public healthcare in this country

Starting point is 01:17:07 already. It's probably almost half of people are covered by government healthcare between between Medicare Medicaid and the VA. But we got to get the Google nerds to build a good website. I'm gonna kill you. I think we need to end the Google. Why? Why do you not agree with that? We need the Google nerds to build us a good website. Come on, take a weekend. Do it for your country. Because then it's still just partnered with Google.

Starting point is 01:17:31 No, the Google will have nothing to do with it. Okay, fine. So there should be independent contractors. But we, No, no, no, make them fucking government employees. Okay. All I'm saying is before we give the reins to the government, we gotta impose rules that are like, okay, you can't no fucking cronies him anymore

Starting point is 01:17:48 I don't want to know why not impose that rule now. There's always what I mean. I'm saying the same thing. No, we're not I'm just why I'm saying no cronies him so that we can get shit It's a weird thing to I'm not saying I'm against it. No, I know. But it's a weird thing to like bring up when you're like, Oh, we should do public health care and then be like, yeah, we should. Okay, fine. Now, all right. We should and we should also do it efficiently. Sure. Obviously. That's hiring the Google. But the arguments never going to be like, we should do it inefficiently. The whole point is to get rid of like the horrible bureaucracy.

Starting point is 01:18:24 Yes. Like, like the the the the amount we spend is so much more than countries with public health systems because we have all of these middle-mountain, middle-mountain administrative fees and all this fucking bullshit. I fully agree with you. But so that goes away when you fucking kick them out, when you say fuck off insurance companies. Yeah.

Starting point is 01:18:45 Quit fucking bleeding us dry. What I was saying that I might maybe I misspoke is that it's frustrating when like LA housing, for example. LA housing. Well, it knows how to part. When they when you get the government to like build housing and then it ends up costing 750 grand per unit. And it's like, why does it cost this much? Because of all the bureaucracy and all the middlemen.

Starting point is 01:19:13 And the cousin who's got the construction company and you, yay, four hundred three eight, man. This feels vaguely racist towards the times that I won't stand for. Hey, I'm eating my spaghetti sandwich over here. And you're trying to come and tell me that I gotta fucking do it from here. The reason it's so expensive is my cousin. Hey, I'm eating my spaghetti sandwich over here and you're trying to come tell me I got a fucking The reason it's so expensive is my cousin. I gave him a job and he doesn't no show thing down for me

Starting point is 01:19:32 And he's got to hire his sandwich guy. I mean, no, you can't do it cuz you're not a thing. Okay, can you do it? Say he's got to hire a spaghetti sandwich guy. Oh spaghetti budget is at a good draw. I mean you go You're gonna do some no sorry sorry Forgetty budget is at a good draw. I mean you go you're gonna do some Sorry sorry Are you gonna do something about it? Are you gonna do something about it? We got we got to eat we got to eat don't we yeah ends spaghetti's expensive I've got these expensive have you seen the price of tomatoes? What's spaghetti fuck I can't do it. Sorry. Okay. Anyway, we should wrap it up here. Shouldn't we?

Starting point is 01:20:06 That's a good time. Fuck crypto corner. We keep missing crypto corner, but we'll do it next week. Yeah Subscribe to the new channel. So follow us. Emile. You're not at 10,000 yet on Instagram anymore. I'd care. I want to eat there. He's almost there folks Killy parents quit your junk, cheat pants. Follow us on everything, because the more you can get us, the more powerful you can subscribe to stuff, give it five stars and stuff, smash like button, smash bells, do all the fricking stuff for us man. Listen, if you want us to become the president and I think you do at this point, because we got some good ideas. It starts here.

Starting point is 01:20:45 Just wait till Joe Biden says something fucked up about me. It starts here and we can only get more powerful from here. You need to get this in front of Joe Biden so he can make fun of one of us. This show? Yeah, I want him to call me Jack. I want him to get confused. What's going on? So help me God if he calls me corn pop. man, I hope he does so I can defend you. I can be like, shut the fuck up, old bitch. Shut the fuck up. Don't you have a nap time? Didn't you miss your nap time?

Starting point is 01:21:13 Alright, we gotta go. Okay. Three, two, one. Bye. You

The Trillionaire Mindset - 27: Why TikTok is SCREWED

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