The Trillionaire Mindset - 31: THE JEFF BEZOS INTERVIEW

Episode Date: April 29, 2022

THE NEW WEBSITE: https://tmgstudios.tv A special guest visits Trillionaire Mindset this week that you won’t want to miss. Ben and Emil also cover earnings from big tech, whether Biden will ACTUAL...LY forgive student debt, and updates on the Elon Musk Twitter saga. If you listen on Apple Podcasts, go to: https://apple.co/trillionaire Go to https://creditkarma.com or the Credit Karma app to find the card for you. That’s https://masterworks.io/trill to skip the waitlist. See important Regulation A disclosures at https://masterworks.io/cd Go to https://SHOPIFY.com/trill for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/trillionairemindset Trillionaire Highlights Channel: https://www.youtube.com/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.*

Transcript
Discussion (0)
Starting point is 00:00:00 Well, hi everybody, welcome to the Trillionaire mindset. We've got a bit of an unconventional start here because we are unfortunately waiting for Ben. He's stuck in traffic somewhere on the 405, I think. But we have a special guest today and I know he's only got a little bit of time. So we're just going to go ahead and get started without Ben. I hate to do this because I'm sure he's he would be thrilled to talk to this man We've we've got
Starting point is 00:00:28 Jeff Bezos here to he has a new project. He wants to promote and he wants to he wants to Do a trillionaire mindset exclusive. So here we are Jeff. Thank you for coming Thank you for having me. It's an honor to be here on your show I understand that you've got very limited time available, but so do I and I just thought it would be great to come out and promote The new project that I'm working on. Hey, sure. We're happy to have you. Thank you so much. Your name again remind me please I'm a meal. Are you a prime subscriber? My brother is Okay, so kind of does that mean that you share password?
Starting point is 00:01:11 Look Jeff, let's not get into that all that because that would be all right I just wanted to thank you but in this case I'd like to extend my thanks to your brother for being a prime subscriber. I'll pass it along I tip my hat to him In fact, I'm my hat to him. In fact, I'm just going to leave my cowboy hat off because we are indoors after all. Sure. I'm not without my manners. Sure. Some people think that I'm quite rude,
Starting point is 00:01:34 but it's actually the opposite. Who thinks that? I don't know. Some of my critics on the internet would assert that I'm some sort of evil, evil man because of my large amounts of wealth. But it's to the contrary, I'm actually quite charitable. For example, the other day, I was stopped at a red light in the back of my Chevy suburban. I was being driven to the airport. And a homeless man came up and knocked on the window and I just said no thank you.
Starting point is 00:02:08 I sure I guess that is polite I wouldn't go as far as charitable well I did I did give him a dollar. Okay, it is it's the least I could do truly the least you could yes. I was surprised that I had a dollar, but I did give it to you. Is it mostly big bills for you? Yes. Right. Right. Anyway, so the reason that I'm here. You're here to promote a project.
Starting point is 00:02:35 Yes. I'm very excited about it. I want to say this. So ever since I left the CEO position at Amazon.com, I've been focusing as you might be aware on my space exploration company, Blue Origin. I've heard. Yes, and it's been very successful.
Starting point is 00:02:52 Well, but some would say kind of so, so. Really? You've only went to half space, almost space. True, but there was still low gravity, which for me counts as space. But anyway. You're an interesting guy, Jack. Thank you very much.
Starting point is 00:03:13 It's been a long career for me, and this is what I'm hoping will be the pinnacle of said career. Oh, your new project. My new project, yes. So I've prepared some slides here to walk you through what my vision is because it's quite a larger picture. You see with Amazon.com, we were able to bring people products that they love at an affordable price. And no, go ahead, Jeff.
Starting point is 00:03:46 I just got something in my throat. Jeff's got something caught in his throat, or we're just giving one to him. And an affordable Amazon enables people to get their products that they love at an affordable price and lickety split. Lickety split. With prime subscribers, obviously they get two day shipping free or one day shipping free.
Starting point is 00:04:02 And I believe that this is greatly benefited humanity so far. But, and Amazon Prime Video definitely brings people entertainment. Yeah, sure. Okay, one for that new Lord of the Rings. It's the most expensive television show ever produced. Yeah, yeah. You know what that pays off for you. Me too.
Starting point is 00:04:22 You really are changing the world. I like to think so. But where were we before we could get toothpaste in a day? Well, you would have to leave your home and you would have to drive to the store. Yeah. Which some might say is a bit of an unpleasant experience. Right.
Starting point is 00:04:40 Coming into contact with other people. Yes. But so most people don't know, rather, most people praise me for having a long-term goal. For example, in 2001, at the height of the dot com bubble bursting, Amazon dot com shares had fallen 85%. But we didn't falter and we focused on the long term goal of getting more subscribers and just being an awesome company. Totally positive.
Starting point is 00:05:14 Customers there was first. So now, but the goal was to always make enough money to be able to bring peace and unity to all of mankind. Always, since day by. Always, yes. to be able to bring peace and unity to all of mankind. Always, since day, always. Yes. When you were like, I want to sell books online. Yes.
Starting point is 00:05:29 It was just the means to a bigger thing. Okay. Because I love my fellow man. And everybody always says, Jeff, you could solve world hunger. You could solve homelessness. Correct. But my goal is bigger than that. Because you can
Starting point is 00:05:47 solve homelessness and hunger, but you still have war. And I my goal is to create the Jeff Bezos moon shrine to unite humanity. And that has been my soul focus, not only during my final twilight years at Amazon.com, but now with Blue Origin and my immense wealth, I have a plan to unite humanity with this moon shrine. You're going to unite humanity with a moon, is this some kind of shrine on the moon? This is exactly what it sounds like. Yes. Yes.
Starting point is 00:06:21 You're very smart, Camille. Are you sure you wouldn't rather be an engineer or something at Amazon? Oh, I think I'm okay here. Well, shoot. Looks like we missed out on some prime talent with you. Really? Good, Jeff.
Starting point is 00:06:33 Thank you. Anyway, so I'd like to walk you through my plan here. So I've prepared this, it's a brief slide show. There's only about five slides. Now, did you make this or did you have some kind of lackey over it? Oh, I had a one of my employees make it for me. You keep almost slipping when you say employees.
Starting point is 00:06:53 No, I don't think that that's accurate. But let's please look at the first slide. So, do you are the blueprints for the shrine? As you can see, that's the moon. And then we've got the shrine with some horns because I'm very into animals. And I believe animals are just as much a part of humanity as humans.
Starting point is 00:07:14 Because it is a symbiotic environmental relationship that we all have together. And even though the animals will not have the level of consciousness necessary to understand what's going on, that we all have together. And even though the animals will not have the level of consciousness necessary to understand what's going on, they will be a part of this unification of humanity. So you can see the A on top of the shrine, which stands for Amazon.com, yes.
Starting point is 00:07:39 Yes. And then, so is this an ad? No, no. No, but so we've got our shrine and it's within a glass dome and at the entrance of the glass dome is a decompression chamber because upon I am going to be setting foot on the moon, right? And obviously I'm going to have to remove my space suit for what comes next. Why?
Starting point is 00:08:07 What comes next? First, I want to walk you through the rocket. So there's the rocket. Can we go back just for our audio listeners? You have a, almost like a pyramid with horns coming out, some kind of pagan star maybe. And I don't know know Jeff has also just put I just like stars So there's no ulterior motives, but what is the yeah the yeah
Starting point is 00:08:34 Well, oh that's just that's the the part of the symbol for the Amazon calm logo. Okay. It's called the yeah Okay, so anyway, the next slide please. This is the rocket, the tip of which carries the pod for me and the payload. Please next slide please. The pod, as you can see, will contain only myself and my sex robot. You have a sex robot?
Starting point is 00:08:59 Yes. Yes. We, you'll understand in a moment. So, as you can see, the robot is next to me and has killer lips, big full lips. Yeah, it's kind of off-putting. Yeah, well, I would agree, but I've become quite accustomed to it because I've been working with my robotics department
Starting point is 00:09:20 to develop this robot for the last decade. Strictly for fucking. Yeah, it's cost me about 20 billion dollars. 20 billion on just about you can fuck. It takes a, well, you can't fuck it yet, but you can fuck it's mouth. Anyway, so I'll be going up in the pod with my sex robot. Please next slide, please.
Starting point is 00:09:39 And now for the ritual. So you're familiar with all the different types of nuts, right? And I'm not. No, right? Like, no. No, no, no. No, good guess. No, I'm talking about, you know, your first time masturbating, that's a special kind of nut. That's the origin nut.
Starting point is 00:09:57 Oh, coming. You're talking about cookies. Yes. Oh, yes. So I'm not going to bore you with the details. As I'm sure your audience bore you with the details, as I'm sure your audience is familiar with all the various types of nuts. Trust me, our audience.
Starting point is 00:10:09 Yeah. Very familiar. So, what's going to happen is, I'm going to nut on the moon in front of the whole world. Okay. I call it the Angels nut. Okay. The Angels nut, because I'm a man of considerable wealth,
Starting point is 00:10:23 I no longer... I no longer pull out the nut myself, so to speak. What do you mean? I no longer self, you can't come. Well, I don't do it myself, because why would I, when I could just, when I could have a robot or my wife or any consider, any number of my employees. Man, people just don't want to work anymore. People, well, that's debatable. But anyway, the ritual will be that the robot
Starting point is 00:10:53 will get down as you can see, the robot will be on a knees assuming the position. I wish there wasn't graphic displays of it, but well, thank you for bringing them. The image is meant to help paint a mental image of what's going to happen and how it's going to unite humanity. When I engage in the angels nut, all of humanity will be broadcast as you can see on the next slide.
Starting point is 00:11:17 It will be broadcast worldwide for everyone to see. My reasoning behind it is because, listen, pleasure is the ultimate human experience. Would you agree? I know. Ah, yeah, sure. Thank you. I would agree.
Starting point is 00:11:33 You're scaring me a little bit, so I don't want to say it. Don't be frightened. There's nothing to be afraid of. But I believe that engaging in the most pleasurable experience in front of all of humanity at the hands of the most expensive sex robot at the mouth, I should say, of the most expensive sex robot. You're not even gonna have the vagina ready for this thing? There is no vagina.
Starting point is 00:11:59 There's just a mouth. Is it because it's kind of a genderless... It's because the robot has to spit. Okay, maybe you can hang on. Just, okay, so it's gonna be a sucking thing. Yes, there's going to be a hot plate. A hot plate? A hot plate.
Starting point is 00:12:16 Yes. So just to recap here, you're gonna fly to the moon. You're gonna land on the moon. Yes. And you're gonna enter into your domed shrine. Yes. And take're gonna enter into your domed shrine. Yes. And take off your space seat. Correct.
Starting point is 00:12:30 And you're gonna have a sex robot with you this whole time. Yes. More of a blowjob robot if you ask me. Hell yes. Ha ha ha. Ha ha ha ha. And then what happens? You're laying down in front of the shrine?
Starting point is 00:12:41 Yes. I'll be assuming the position, again, for all the world to see. Sure. And the angels not will make everyone say, wow, if that's possible, what else can we do here on Earth? Do you understand? Not really, but... That is upsetting.
Starting point is 00:12:59 Oh, that was the end of it. Pretty much. Jeff. Yes. You think you're gonna inspire billions of people by going and get sucked off on the moon by a robot? Do you have any better suggestions? Invest in Earth. This is an investment in Earth. Everyone will be witnessing it. It's the most beautiful experience a human being can have. And for all the world to see it once, they'll all be united at once.
Starting point is 00:13:29 So why does the robot have to suck? Why can't you fuck? Because that's so expensive. Do you have any idea the costs associated with creating sex parts on a robot? I figured 20 billion could buy you a robot-y. Well, you don't really know much about robotics or the finance system. I'm surprised that you didn't let you have this show. Ha ha ha ha.
Starting point is 00:13:52 Ha ha ha ha. Well, I guess that's it. That's my whole presentation. I've got to go, I've got to go on to many other shows. Yes, I don't want to be a naysayer. Okay. I just don't know if this is going to have the effect that you think it is.
Starting point is 00:14:15 Well, they doubted me when we, they doubted me when we first launched Prime. I said, who is going to pay $120 per year for two day shipping? And I said, just you watch. Hey, you might be right. You came to me in like 1995 and said, I'm going to sell books on the internet. I said, buddy, hit the bricks. They also said the same thing about that show,
Starting point is 00:14:35 that hit show we had, Stinky Baby. That is true. Were you involved in green lighting Stinky Baby? Hell yes. Hell yes, Stinky Baby is one of our best media properties. Yeah. I hear the horn. Yeah, I think you're suburban might be
Starting point is 00:14:59 a hunking horn for me. So we'll tap. Yes? I want to, I want to thank you for coming by and giving us this exclusive. Namaste to you. And into your co-host, your absent co-host. I really wish he could have been here.
Starting point is 00:15:20 I know he would have had some questions for you. Please send him my regards. And look, I know I said I'm not the biggest believer, but I hope it goes over like gang busters. Thank you. Well, that's not the only type of busting that could be taking place. That I can assure you.
Starting point is 00:15:35 Anyway, I really appreciate your time. And once again, I thank you for being a prime subscriber. My brother. Oh, your brother, right, correct. anyway. Thank you for listening to my presentation and be sure to tune in in exactly one month when I'll be launching to the full moon. You know I'll be watching you get sucked off. Okay. I'll tell you one thing. I won't be able to turn away, but I don't know if it's gonna inspire me, but I'll be watching. I think that you'll be surprised. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha I'm not fucking late! I'm not fucking late! I'm not fucking late! I'm not fucking late! I'm not fucking late! I'm not fucking late! I'm not fucking late!
Starting point is 00:16:34 I'm not fucking late! I'm not fucking late! I'm not fucking late! I'm not fucking late! I'm not fucking late! I'm not fucking late! I'm not fucking late! Ben wait till I tell you what just happened Jeff Bezos stopped by really wait that was today. Yeah fuck all days of all the days that I had to get my car washed Why'd you get your car wash? It was so dirty and
Starting point is 00:17:05 Then also I got stuck in the traffic on the 405. Okay, so he said he had this new project. Wow, he was on for 16 minutes talking about that? Is that all? That's wow. It felt like this cowboy hat behind me. It felt like maybe we did a couple hours. Yeah. Buddy, you'll just have to watch the interview.
Starting point is 00:17:23 I guess so. He's got quite the new project coming out. I was going to thank him for allowing me to be a prime subscriber. Oh, hey, he would have thanked you. I'll tell you what, he does love his prime subscribers. Yeah, yeah. Yeah, he sure does. It's good to have you, pal.
Starting point is 00:17:36 He was really giving me the creeps. Thanks. He gives me the creeps sometimes too. Hey, Glenn. Please check out the disclaimer in the description box. You're going to see more in the disclaimer. Should we come clean and tell them that we have found out that the after hours will not be a Glenfree zone?
Starting point is 00:17:59 Oh yeah, but that's fine. It's still in essence a Glenfree zone. In essence is a Glen Free Zone. In essence it's a Glen Free Zone. Because we're not talking about like, stocks very much at if at all. Sometimes we are. Yeah, sometimes we are. And if we do, it's gonna get glensered.
Starting point is 00:18:16 That's funny. I stole that from Alex. You did? Did you see the cut he put, oh yeah, when you didn't think he put glencerd. Hey so I'd like to apologize to everybody for that um it didn't go how I thought it would go why because I thought it would be way funnier than that. I really did and at the whole time I'm like this is so fucking stupid. This is so dumb.
Starting point is 00:18:45 That was, you were laughing, I guess. You were probably more laughing at the bald cap than anything. It was, we'll see, maybe people will like it. Hey, Ben, you had an idea. Sometimes you gotta try it. Yeah. You know, failure makes us stronger. Yeah, I just feel a little humiliated, but whatever.
Starting point is 00:19:06 It wouldn't be the first time. That's why when Jeff Bezos was saying that pleasure is the ultimate human experience. Yeah. I would argue, struggle. Ooh, yeah. And, you know, if it doesn't go over well, we'll get him next time. Thanks, pal. I appreciate that.
Starting point is 00:19:25 Imagine our subscriber numbers just absolutely plummet. They're like, no, fuck this. Well, speaking of subscribing, please subscribe if you haven't. Yeah, we're good. Please don't leave. We're about halfway to Funky Town. Yeah. No one's leaving when there's a kiss on the line.
Starting point is 00:19:38 No, yeah, we gotta, don't forget. Yeah, we get to 25,000 subscribers on YouTube. It's gonna be a kiss time. And then also 100,000, we get to 25, 50,000 subscribers on YouTube. It's gonna be kiss time. And then also 100,000, we get our Newtie camera, calendar, Newtie calendar, which would involve a camera. We were also on. Newtie camera, this is camera, do Newties. We were also on Brook and Conner's podcast,
Starting point is 00:20:01 yesterday. Oh, you got to go check out that. Go check that out, It was very fun. And yeah, go into TMGStudios.tv and sign up if you want to subscribe and get that sweet, sweet, sweet, sweet sweet sweet books content. This will be our second week of after hours content. We can do whatever we want. There's a very fun intro.
Starting point is 00:20:20 Hold different vibe. Yeah, you're gonna want to check it out. And remember to comment, like, subscribe, all that shit, all that garbage. Follow us on... Great five stars. Comment nice to follow us on social medias. Boy, you want to get right into the first topic we got there
Starting point is 00:20:36 about climate scientists that themselves on fire? This was, I asked if we could put it in because... It's important. I also, it was just weird to watch. So a climate activist, Wind Bruce, set himself on fire. I think it was over the weekend in front of the Supreme Court in protest of the climate catastrophe coming. And the government's ineptitude and unwillingness to...
Starting point is 00:21:00 Inaction. Inaction, thank you. It was rough to watch because a lot of people didn't even, a lot of the headlines didn't even kind of name Climate as a as a cause some just said someone said himself on fire some just said You know some talked about mental illness and I don't think it was that the guy seems like a
Starting point is 00:21:22 very cool guy is a Buddhist and he, I was reading other Buddhists talk about him and there's a thing about, you know, when you do this type of protest, when you set yourself on fire, it's because it's, it means like you are trying to convey the ultimate message. It's something that you think is of the utmost importance. And so I urge people to at least read about the guy, WinBruce. It happened there was another guy, I'm blanking on his name, I think, David Bukiel in Prospect Park 2018. Also said himself on fire. Yep, same thing.
Starting point is 00:21:56 Jesus. He's a lawyer. For a climate change, he did this? Yeah. He covered himself in gas. That's right. That makes it. That's quite the protest move. I mean, change, he did this? Yeah, he covered himself in gas. That trash, that makes it. That's quite the protest move.
Starting point is 00:22:10 Yeah, but it's tragic. We talk about it a lot on here. I wanted to make sure people at least, you know, read into it, see, look, this is coming. I mean, everyone who's under, I don't know, 50, it's like something we just have to constantly live with, this fear of this That climate changing man. It's horrible. Yeah. Did you ever see first reformed?
Starting point is 00:22:33 No, what is that? It's a pulse rate or movie it came out Ethan Hawke isn't it? Everyone should go watch it. It's about climate change kind of But also there's another thing if you if you feel very helpless check out check out scientist rebellion. It's about climate change kind of. But also, there's another thing, if you feel very helpless, check out Scientist Rebellion. It's a bunch of scientists who, for decades, everyone's telling us, trust the scientists, trust the science, and they have started a new collective of, they're doing more aggressive approaches to protest.
Starting point is 00:23:06 They were the ones who, they were the ones who handcuffed to themselves to the Chase bank. Ah, those guys. Chase offices in downtown LA. Good place to donate or support. Those scientists, they need the money. We need to fucking do whatever we can.
Starting point is 00:23:22 They gotta buy gas to get to the protests. Gas is expensive. You gotta get to the protests somehow. I'm sure they're riding their bikes or something. Probably, you're exactly right. They're pocket mulching. Do you remember that episode of The Simpsons where Lisa falls in love with a hippie protester?
Starting point is 00:23:39 No. He goes, you mean you don't pocket mulch? And cut to a close-up of him with mulch and trash in his pocket? Cause he's just that dedicated. He's like a level five. But what would the pocket mulch do? I don't know.
Starting point is 00:23:51 He's just, you got a mulch everywhere you can, I guess. Oh, he's throwing the mulch out. I guess. I don't know what he's doing with it. Anyway, speaking of the Simpsons, Joe Biden's got waning. Well, this whole, this, it lends itself to this. Climate crisis is, it's, it's, it's funny background noise for people freaking out
Starting point is 00:24:13 about the youth support for Joe Biden plummeting. Yeah. I wonder why. I wonder if it's because everyone in politics is over the age of like 60 and therefore is They're not going to be dealing with the kinds of policies that they're enacting Yeah, and putting in place now in 20 years. They're not going to be doing maybe if they live to be 80 or I love the the CNN article Joe Biden's numbers are collapsing among a group you really wouldn't expect. Really? I wouldn't expect young people to not be supporting. Well, maybe it's from young people on the left.
Starting point is 00:24:50 Is that what it is? No. Young Americans have turned on Joe Biden. That's the shocking finding of a Gallup analysis of its polling over the breadth of Biden's term released this week. In the early days of Biden's presidency, in an average of six and 10 adult members of Generation Z, those born between 1997 and 2004, approved the job Biden was doing.
Starting point is 00:25:09 During the period spanning September 2021 to March 22, that number had plummeted to an average of just 39%. Oh, Bobo, I wonder why. Does it say at the bottom, what does it say at the bottom? Very, very bottom. They're just trying to figure it out. What explains Biden's precipitous drop off among young Americans? It's hard to pin point anyone reason, but there's one reason the delta between what young people expected
Starting point is 00:25:32 out of the Biden presidency, particularly when it came to dealing with COVID-19 and what they got is substantial. Yeah, well, I think Joe Biden and the Democrats thought their job was like, let's just return to normal after this whole Trump mess I think that's not enough for people. Yeah, it's kind of the whole reason in 2016 that Hillary had so much trouble They were like the whole campaign was basically like If you guys loved eight years of Obama and people were like we actually did and it was kind of tough on us That she was like well, then you're gonna love four years of Hillary and everyone was like, no, we kind of want something different.
Starting point is 00:26:07 Yeah. And she was like, shut up. There. Democrats are very, they are embarrassing and they are the establishment and Republicans are just fucking spineless. And I mean, they're all the same. They're all one and the same to me.
Starting point is 00:26:27 Obviously, there are differences between party lines and Republicans adhere to certain, quote unquote, principles and Democrats have theirs. But at the end of the day, it's all the same fucking cookie. And it's just a moldy shitty cookie. I mean, that we all got to take a bite out of. Yeah, they're all- and cookie and it's just a moldy shitty cookie. I mean, that we all got to take a bite out of. Yeah, there are.
Starting point is 00:26:48 Have you liked that analogy? You see politics are like a cookie. Well, it needed to turn her famously got in trouble because she went on, she got interviewed and she was asked if she was gonna vote for Joe Biden over Donald Trump and she said something like, I don't know, it's like, they both seem like two bulls of shit that you're making me eat. Yeah.
Starting point is 00:27:10 Yeah, I don't trust any of them anymore. I mean, I feel like they're all, like when I say they, I mean, the ones in charge right now, the Democrats act like, oh yeah, everyone loves us and supports us and everything's fine and we're doing a great job and it's like, no, we all know that you guys are just, it's the same shit. And well, what they've done is because like, they both, everyone knows they both serve corporate interests. But what the Democrats have done to be like, here's how we can distinguish themselves is
Starting point is 00:27:40 they've taken up those like social causes, right? So it's like, you know, the know the yard sign people in this house, oh yeah, we believe love is love. Yes, we trust the science. Yeah, we fucking, what else do they say? Just all that shit. Right. But you know what's not on there?
Starting point is 00:27:57 What? Any sort of economic message. Any sort of like support for labor. Any sort of, there for labor any sort of There's nothing on there about their empty Pop post you what is it posturing? No, yeah principles. No something some word I'm not someone help me out in the comments. I don't know no, but there's a word for it like statements are But yeah, I love those signs just in front of a big fucking house Like hey everybody look we're we're the on the right side of things. Yeah, fuck yeah, okay. I mean us to but chill out
Starting point is 00:28:30 Us to us to I he did say that he's looking into cancelling student debt and everybody Oh wait, but not according to friend of the show. Oh, oh, okay. Wait. I forgot to tell you about this What so we here can we click the link for the Biden looking into? So this, I think you sent this to me. Yeah, just in. President Biden just told the group of lawmakers he's looking at different options to forgive most, if not all federal student loan per CBS news. I think it was at a, like, Latino house Democrats.
Starting point is 00:29:03 But, and this is from No Lie with Brian Taylor Cohen, you sent to me. That was thrilled, stoked. Yes. Oh my God, could it actually be happening? That's the most multiple people. But when we did our little student loan episode, remember the guy we were making from Forbes magazine, Jack Friedman?
Starting point is 00:29:18 Yes. Well, I was googling around to find out like what the word is on all this. And my God Forbes, this guy's whole job is to just like poo poo. Yeah. No Biden is not canceling most student loan debt. And I was like, maybe this is an old article and it's not. It came out April 27th. This guy, he's got a whole department at Forbes. I mean, there's a whole contingency of people out there who have had student loans and paid them off.
Starting point is 00:29:48 They're mostly like boomer, nah, they're like younger boomers, Gen-Exers, who are so against it. Look at all of his articles. Yeah. His whole thing is like loan. It's interesting because I, I blessed to not have any student loans. It's interesting because I blessed to not have any student loans. I didn't. I went to a cheap college and my grandma paid for it and so did my parents, but it would change my life if he did it. Yeah. I'm coming in here. I'm wearing a tuxedo. If he if he if he if he cancels them the next episode. I'll
Starting point is 00:30:23 take it. Listen, if they want to cancel student load that, why don't they just dig up some of the student load that's old tweets. Very good. Very good. Thank you. I'll take that. I'll take that monthly payment. And I'll march my ass down to get a nice tuxedo. Yeah. Mm-hmm. I won't talk shit about Joe Biden anymore. Well, for like a month, there will be some more, there will be a Joe Biden moratorium.
Starting point is 00:30:50 He'll say that he's gonna do it and say it'll be a flood. Kind of like the, I keep spinning all over my head. I cannot imagine him pulling this off. He's such a, wait, this reminds me. I want to watch just even just like 10 to 15 seconds of this video of look under his 10 to 15 seconds of this video of Look under his waning youth support this video of Biden So when posted I think it's got to be from like 20 years ago because I think it's in the lead up to them going to
Starting point is 00:31:20 War in the Middle East and I was I don't even know what he's talking about because I cannot pay attention. It's just wild to hear him Talk When he was younger. Yeah, just a complete different guy. And for they've been telling us like, no, no, no, he's always been like this. Yeah, just listen to like, okay, I respectfully suggest that responsibility slightly above your pay grade. Slightly above your pay grade. To decide whether or not to take the nation to war.
Starting point is 00:31:44 Totally different guy. Yeah. Or to take the nation to war part way or to take the nation to war half a half way. That's a real tough decision. That's why we can't make the big. We can stop. Yeah. He, um, I mean, he's, he's being kind of a smarmy prick there. He's a, he is for sure an establishment politician. Like, oh, dude. Goddamn. The amount of things he has been behind that, when they were trying to sell him after the collapse of every other presidential campaign, like, I mean, the amount of times
Starting point is 00:32:16 he's tried to cut social programs, like the 1993 crime bill, the fucking, I mean, they used to call him the senator from MBbna instead of the senator from Delaware because he was bna mbna was the They they own Bank of America now. They're huge They used to call him the senator from mbna because he was from Delaware where all those corporations are located and Everyone was like he's only up to serve his corporate interest Isn't it while the Delaware is a place that exists?
Starting point is 00:32:47 How often do you think of Delaware? How often do you meet someone from Delaware? But how often do you think of any state? Often. I'll give you a state you tell me how much you think about. Okay. Iowa. I mean sometimes.
Starting point is 00:33:01 You think about Iowa sometimes. Yeah, why? Potatoes and farming and shit. I think you're thinking you're thinking the horn middle America corn is what I meant Okay, yeah Illinois Chicago Outtime Chicago all the time I was just thinking of Illinois the other day you were just think oh yeah I was like damn, man. They're so awesome Minnesota. Oh, yeah, the timber wolves
Starting point is 00:33:23 It's a basketball team. It's cold there at shaped like an anvil. What else you got? Come on, son. Hold on. I'll give you one. Oh, no, no, no. I was like, damn, that place is road island. You mean wee me. So is Delaware. Yeah, but road island is like an island. Wait I got one for you. Okay, New Hampshire. New Hampshire. Sure. Yeah, it's right up there. It's right next to math math I will say I'm trying to get you mm-hmm, but as I'm saying them I'm like I probably do think about them more than Delaware. Yeah, cuz Delaware fucking sucks You know what I'm just gonna say it Delaware sucks. I
Starting point is 00:33:58 Have you ever been no I've been why would I go there what's in Delaware? Do we beach? I've been why would I go there what's in Delaware? Do we beach? Really is that real is that real do we beach Delaware? Come on Come on Come on there's also University of Delaware a Fund like a scam a fun little hippie town called the Newark instead of Newark How do you know so much about Delaware? What the fuck? You just listed three things about Delaware, a state that you admittedly never think about.
Starting point is 00:34:30 I think every American in their private time should be in some states. Oh, okay. It is your American duty to if someone says a state to you, you should be able to name at least three things about it. Okay, name three things about New Mexico. New Mexico. They've got Santa Fe. Great little town. Okay, that's one thing. Near it. Touse. Very nice little nature town. They've got skiing in the winter. Okay that's three things you passed all right. Let's get We're killing time here Delaware sucks
Starting point is 00:35:14 Sorry, I won't subscribe to that sorry that Delaware is probably fine Delaware rocks in fact I'd like to change my position Delaware rocks Tech earnings are fucking happening right now. Amazon's are fucking happening. Mr. Bezos is probably gonna be, I don't know if he's gonna be happy or sad because at the end of this recording,
Starting point is 00:35:36 they will be reporting earnings. We don't know what they're gonna be yet. So they're probably good or probably bad. We really don't know. Apple too is gonna be reporting. Google reported They were down big They had weaker than expected YouTube ad revenue apparently Don't blame us. Yeah, I sit through that thing the whole time. I go Google needs their money when it's when it's our show
Starting point is 00:35:58 We and we click the links and we do all this. Yeah, we do everything possible to get every last Click the links and we do all this. Yeah, we do everything possible to get every last, pff, pff, pff, milking, every last little scent. Microsoft beat all around. They had good cloud numbers because everything's in the fucking cloud. They were up. I never think about Microsoft, right?
Starting point is 00:36:15 But there, I know it's, there's still a monolith. Right. It's insane. This cloud shit. It just came from nowhere. They just a few years ago, everybody's insane this cloud shit It just came from nowhere they just a few years ago everybody's like lose build cloud and then boom Multi-billion dollar industry out of nothing out of thin air out of cloud air
Starting point is 00:36:36 literally There's this called as you as you're yeah, yeah And then Spotify was another big one they beat on revenues and their subs were up But apparently their ad revenue was down so the stock was down, but it's already been beat to shit I believe it's now at all-time lows. It was hanging around like 95. I put on a put spread on it I bought the 105 put and I sold the 95 against it and Did okay, but you're doing okay. I did I sold the 95 against it and I was, did okay, but. You're doing okay.
Starting point is 00:37:06 I sold it too early. Facebook, aka Meta was up because they had a bounce back in their daily active users, which is surprising. I wonder how much of that is attributed to Instagram. And I wonder when we're gonna... Then gaining more from Instagram? I wonder how many of their daily active users is attributed to you.
Starting point is 00:37:24 It's gotta be like 80%. Facebook is. It's got to be it's got to be like Facebook is unusable. I know it's terrible. There there seems to be zero moderation on anything I was because the one thing I actually used to like it for do you know what it is birthdays? No Marketplace. Oh, it was actually a pretty great way to find like if you don't want to Hello, is this item still available? right But even that it's taken over by Not bots, but like traditional retailers. Oh, and I'm like how the fuck do I filter out?
Starting point is 00:37:59 Yeah, I just I want a guy who's in silver lake. I want to drive up to his nice house And buy his trash from him You know what I mean? I want to go in part. I just want to say people message his house Yeah, and he's getting a new dining table and I can have his old shitty one Which is still nice for me sure. I want to communicate solely via the suggested Which is still nice for me sure. I want to communicate solely via the suggested Tax that you send like the click high is this item still available. Yes, I'm still here. Yes, I'm still interested Great would you accept?
Starting point is 00:38:38 I sold a bed once Yeah gross. No a bad frame less gross and literally it was a full and just every message was, is it a queen? Is it a queen? Or I'm looking for a queen. I'm looking for a queen. And I... Cool. Good luck.
Starting point is 00:38:54 Yeah. But then I took screenshots of all that I'm looking for a queen. And I, I never actually did it, but I just put them all together and that was going to be like, aren't we all? Funny. Thanks. You left to describe a... together and that was gonna be like aren't we all? Funny. Thanks. You left to describe a, something you kept in drafts.
Starting point is 00:39:10 Yeah, but that sounds like a good draft. You should have posted that. Thanks. If you still have it, I suggest doing it. You know who, fuck dude, this one was interesting and I actually, I tried to play the bounce a little bit this morning before coming in, Teladoc. You remember Teladoc?
Starting point is 00:39:25 Is that the doctor's appointment online? Yes. Okay. It was like, I think it was like over $300 a share during the height of COVID, and this morning it traded down to $30. $30, fucking dollars a share on earnings. And they had, okay, so this is an interesting thing that you don't come across often. They had what's called a one-time goodwill impairment charge
Starting point is 00:39:50 of over $40 per share, like $6 billion of a write down. So do you know what a goodwill thing is? So when companies merge or you're being bought, you buy a company at a premium, part of the reason you pay for the premium on top of just what the assets say you buy a company for $5 billion. Okay, I buy a company for $5 billion.
Starting point is 00:40:13 They've got $4 billion in assets. So what is that extra billion that you're paying for? This is a very simple case of it, but that would be called the Goodwill, which is like the brand name is worth a billion dollars on top of the assets that you've already got. And sometimes with the passage of time, whatever asset you acquired might have gone down in value, especially if the brand name isn't as worth anything. I think so much for the Goodwill.
Starting point is 00:40:41 I know he shouldn't have paid. Fuck. Are we doing take backsies on the Goodwill? I know, he shouldn't have paid. Fuck. Are we doing take backs, he's on the goodwill? Sorry. Done deal. But they, I don't know what company they bought. It might have been a diabetes company. I know that they bought.
Starting point is 00:40:55 Like making diabetes or fixing it. Yeah, I'll have to check. Okay. But I think, because honestly, if they bought a making diabetes company, I would say bad move. You guys, you bought the company that makes diabetes. Unless, look, yeah.
Starting point is 00:41:09 I'm not a business whiz, but maybe there is a play here where telodoc is like, we need more patients, so we need to push out more diabetes. I wouldn't put it past corporate America. I would not put it past corporate America to give people diabetes and twist it in a way that, well actually it's better for some people to be given the good diabetes than wait to get the bad diabetes.
Starting point is 00:41:28 Do you think there's a cure for cancer but they won't do it because of all the healthcare revenue? Buddy, that's a great question. I don't think so. That would be it. Because if that were the case they wouldn't have told that they would have kept by now smoking would have been like, oh keep doing it, it's great. You know?
Starting point is 00:41:47 No, come on. Well, yeah. All for smoking. Yeah, think about how much cancer you get. I bet, I bet, think about how much cancer you get. I bet healthcare costs from treating cancer is way more than tobacco sales that you could get from. Sure.
Starting point is 00:42:07 I'm sure that they would find a way to make up for it though if they were to come out with a cure for cancer. Cause then everybody could do their generics or whatever the fuck, I don't know, who knows. It would fuck us up man, we'd never die. Sorry, keep going. That's true. Well, so Teladoc had a big one time impairment charge for a mark they had to draw down some
Starting point is 00:42:28 goodwill for whatever they acquired. I think it was a diabetes company. Takes away diabetes. It doesn't give you. It doesn't make it. It's the good kind of diabetes company. Speaking of diabetes companies, I wanted to buy shares in some of you diabetics out there are very likely familiar with Dexcom.
Starting point is 00:42:45 Do you know what's cool? Do you even know what Dexcom is? Do you ever heard of it? Exactly. It's like an $80 billion company or maybe $40 billion, I can't remember. But they make the little like permanent patch. Does it almost look like there's like a liquid under it? I think so, yeah.
Starting point is 00:43:01 I've seen people with it on and I feel like- I've seen people like, there's a large contingent of people who post videos of them installing it and it looks so fucking painful. Oh, there's like a needle under- Oh yeah, because it's permanently like stuck to your skin. I'm not good with needles. Yeah, me either. Ugh, I would die if I was a diabetic. I'd be like, all right, you know what? I'm just gonna stop. Oh yeah.
Starting point is 00:43:24 I just think I just, I can't do that. No. Oh, I gotta inject myself or prick myself? No. My dad had to, he had like a surgery or whatever and where it was basically like, you could drive here every day and have us shoot you or we could show you how to inject yourself with it.
Starting point is 00:43:38 Does he still have to do it? I don't think anymore, but I was like, I would die. Yeah, I would. There is no way I could stick a needle in myself. No, no way. Oh God, the things that I wouldn't think anymore, but I was like, I would die. Yeah, I, there is no way I could stick a needle in myself. No, no way. Oh God, the things that I wouldn't be able to do if my life depended on it. But so, okay, so here's the thing.
Starting point is 00:43:57 A lot of, so, wow, I'm like, well, because Kathy would had a big position in Teladoc and she's just getting fucking annihilated. All these growth stocks that were up huge in 2020 are now just getting murked. They're just getting taken to the wood shed. Spotify, Shopify, Carvana was a big one. We do have to send our condolences to Robin Hood. Yes, they had to lay off like 9% of their workforce.
Starting point is 00:44:22 Terrible. And that had nothing to do with us. Don't try to pin it on us. Well, get the fuck out of here But like Carvana for example was fucking soaring And now this week they couldn't even get rid of they couldn't unload like I don't know 1.6 billion dollars worth of like Bonds they couldn't find a buyer for them. Wow. Yeah, but then some company called Apollo. I can't turn it out.
Starting point is 00:44:47 I canceled on them. I was going to sell my car to them. Yeah, because it's a, as it turns out, they're probably not, I mean, it's a good business model, but not enough to sustain whatever lofty valuation they had. Just to go on, Zoom was one, Peloton, sorry, Ryan, Netflix, and then now Teladoc. And I'm missing, I mean, these are all down like anywhere. There was a bunch of FinTech ones too. Outside of Robinhood.
Starting point is 00:45:09 Upstart was, I think Coinbase. Coinbase. A lot of them are just kind of collapsing. Yeah, because why would you put, why would you invest money in riskier assets like that? Riskier stocks that have a lot more to prove when we might be facing some rough times ahead.
Starting point is 00:45:29 I still think the market recession. Yeah. I still think the market is headed for some major pain over the next few months. So just, there's nothing you can, if you're an adept trader, maybe you can, you'll agree with me. I don't know. Leave it, leave it in the comments. What do you think's going to happen over the next few months?
Starting point is 00:45:50 Because I personally think that all of COVID's gains that the stock market enjoyed is about to much like some of these stocks might get erased or maybe not because so many of these have already been taken to the wood shed. It's not like they can fall for it, but they can. They can't always. What will that mean for ordinary people if all that just gets erased? Like if the S&P drops a hundred points. Yeah, I might. It would be extremely painful for a lot of people, especially those who are retiring. There could be a fun couple months. It could be, but, but at the same time, bear markets,
Starting point is 00:46:29 like I think that it would be very short lived. I think that any big drop would immediately get bought right back up. And there'd be so much money on the sidelines waiting to be deployed that it would just like, oh cool, now it's over, before you know what it's over. And we would all get stronger according to Tucker Carlson's new video about men. Yeah.
Starting point is 00:46:50 Hard times make strong men. Good times make weak men. Yeah. Week men make strong. I can't wait for my hard times transition. Yeah. It would become so strong. I'll be able to stick myself with the needle after the recession.
Starting point is 00:47:04 We should do, we should make stickers that say hard times make strong men, strong men make good times, good times make weak men, weak men make pancakes. Hell yeah. I make pancakes. I make such good pancakes. Or hard men make strong times. Hard men make strong. No, it doesn't work. Cut it. Fuck. Nope. Cut it. No. Thought I had something. You're the secret to good pancakes like all baking. Follow the fucking measurements exactly. It's a science. Yeah but what do you use? You use Bisquick? Are you starting from scratch? I'll use Bisquick but I add in a little vanilla extract, some lemon juice. That's not in the directions, my man.
Starting point is 00:47:50 When I say, no, because you're telling me, I'm talking about if it says one cup, you measure that shit out, and you level that motherfucker off with a butternut. You know what I would love to be? A pancake. Yes.
Starting point is 00:48:01 That on a griddle. Now that is livin'. No, that is livin'. What, what would you want to be? I would love to be able to cook a real like someone who knows how to cook. They don't even do any of that. Like when I asked my mom for a recipe or whatever, she's like, shit, I don't know. Like she just like, yeah, I would love to be able to do that.
Starting point is 00:48:22 I'm like a mess. I've got my laptop open on the thing. Every five seconds, I'm like, wait, how many was it? Yeah. I'd love to be just, I need a little ratatouille up here. Yeah. Yeah, I'm the same way. I'm like, oh, three to five minutes in the oven.
Starting point is 00:48:35 Or like four minutes and... Right. Exactly. I'm not going to split the difference. I'm going to be, yeah, I'm the same way. And even the recipe will like be like, just do it till it's golden brown. And then you're opening it, you're like, is that golden brown, I'm gonna know?
Starting point is 00:48:48 Some might say that that's over. Yeah, I'm gonna. But I have people over for dinner, and I'm just, I'm like a mess. I haven't been over for dinner with the fuck. Look, Ben, I've got a life outside of you, pal. Let me come over for dinner, please. I'll come over and watch. I'll coach you.
Starting point is 00:49:05 You can do that. That does look golden brown in me. Oh, that thing's good. Yeah, I do need a second set of eyes. You can be my recipe reader and my color test. I got these bananas at home that I am just dying to turn into banana bread and I should not wait more than today.
Starting point is 00:49:20 So that actually reminds me. I need some eggs. You missed the banana bread, but We all did that in quarantine. I don't give a fuck. No, no, no. I got a, I made a good one doing quarantine. I can brag about you. I found a good recipe.
Starting point is 00:49:31 I asked Twitter. They, they showed up. Did they? Yeah. I did ask Twitter stuff. I asked Twitter for anything man. They're, they're knowledgeable. They're good people.
Starting point is 00:49:40 Uh, you know who got arrested yesterday? Ha, ha, ha, ha, fucking Bill Huang. Explain to me what happened. Okay. So, all right. Um, can we pull up this first link? It kind of sums it up and ours. Nice, nicely, gnarcely kind of sums it up. Gnarly. Oh, fuck, I had a great Twitter thread about it. Basically, he was, he was playing a bunch of different banks. And none of the banks knew that they were being played. He would go to JP Morgan and get like $5 billion in leverage and then he would go across
Starting point is 00:50:09 the street to Bank of America and get a bunch of leverage and he would go to, you know, other douche bank and get $5 billion and they all thought, oh yeah, you're fine. You're gonna play around in the stock market. Go buck wild buddy. And then he was doing, he was, okay, so. Just also explain who this guy is. He is a, he is a fund manager for this fund called Archagos. And he was just a nobody guy.
Starting point is 00:50:41 He got taken under the wing of a billionaire, like in the 90s. Man, why won a billionaire take me under his wing? I'm really hoping somebody takes me under their wing at some point. But so this fund was kind of not single-handedly responsible for some of the stock gains in the market in 2021 and 2020, but they definitely played a role. Like this guy was at the height, they owned huge chunks of a few companies. There was like, I think they owned like 60% of this one Chinese company.
Starting point is 00:51:15 I wanna say 30% of Viacom, like a bunch of discovery, it was insane. It was like really fucking bananas. Cause I remember when Viacom was going up and nobody was it was like Why is via C'mon going what? It was wild. Yeah, and then and then it just all within like three days just fully The bottom fell out and it just got cut in half but so
Starting point is 00:51:40 There he and his XCFO this guy named Patrick Halligan, are being charged with securities fraud, wire fraud and racketeering. They, federal prosecutors alleged the men, unlawfully manipulated the prices of publicly traded securities. So, they're accused of using leverage to inflate their market positions
Starting point is 00:52:02 that swelled to $160 billion. That's momentous. That is... How does he not know it's gonna catch up to him? Well, so he check this out. Bill Huang is a lot like Kathy Wooden that he feels like he's being guided by God. Jesus Christ. Yeah. Here's a good quote from the the filing. Indeed, Huang essentially sidelineined his research operation, ignoring their stock price targets in favor of his own outsize stock price targets, which were often orders of magnitude larger than what his research operation had determined on its own and unlike his research operation, based on little or no analytical support. Does that sound familiar?
Starting point is 00:52:45 Sounds a lot like Kathy Wood to me. They're both extremely religious. They both, I don't think they go to the same church. But he's like. If you want to be guided by God, please go ahead. Yeah, unless you're ripping people off. Yeah, then I don't think he was, he was ripping off banks for sure.
Starting point is 00:53:01 Actually rip off banks, that's kind of tight. So because he was so highly leveraged All it takes is a little drop in the stock that you are leveraged in and then it just kind of Snowballs from there to really in simple terms, but so he was getting around I Can't remember what I think it's if you own 5% or more of a company you have to disclose it in filings so to get around that you would go right up to the threshold and then use swaps how he would use like options and shit basically to buy more and It was just this whole fucking thing and then all the banks at once Once they figured it out what was happening and they were all being not played against each other But it was like okay, we can all collectively like figure out how to unwind this together or it's every man for himself and
Starting point is 00:53:55 Golden and sax was the first one out the door. They were like all right fucking bye And and then it just started this Waterfall I think do it, I can't remember who, I think Deutsche lost like $10 billion on it or something. It was, you famously had Deutsche Bank. You don't even go back. Credit sui, sorry, suffered the most with about $5 billion in losses.
Starting point is 00:54:15 Where do you land on Credit Sui's? They're neutral, I'm neutral with them. Yeah. Yeah, as a, okay, here's just these two things. He allegedly used derivative securities that do not require public disclosure to hide the size of arcagosa's market positions as a result investors were unaware arcagos dominated the trading of a few select companies including discovery
Starting point is 00:54:37 communications and myacombscbs yeah so when prices for these stocks fell they could not meet its margin calls in the firm's counterparty suffered significant losses. It was just he lost 20 billion dollars of his own money of his own money in like a few days. It's a lot of people, yeah, God bless them. A lot of people, a lot of like professionals were saying that this is probably the largest loss of someone's money in history. Like a person. Yeah, $20 billion, gone. Just fucking poof, because he fucked up.
Starting point is 00:55:17 Speaking of fucking up, we gotta talk about him. I know. I will say, after this, I don't want to talk about him for I know I will say after this I Don't want to talk about him for at least three weeks. I really don't either. I really fucking don't either This is the problem. Yeah, he just won't go away. He just won't go away There's nothing we can do. There's really no way he won't let us live I don't want to talk about this fucking guy. Maybe we should just accept it and lean into it and say that he is good. He is good.
Starting point is 00:55:48 You know, there's one thing that I will say about him. Say it. With all his wealth, it would be one thing if he was like pulling a Bezos and buying a $1.1 billion yacht or like buying an island or mansions. He doesn't do any of that. I will give him that credit. He does not go and flaunt his wealth.
Starting point is 00:56:11 No, he's even worse, dude. He claims to crash at people's houses. Imagine being the richest man in the world and you're his friend and he knocks on your door and he's like, can I crash? You're like, come on, man. I get shut the fuck up. My kids are sleepy.
Starting point is 00:56:25 Yeah. It's even worse. At least Jeff Bezos has the, you know, decent seat to have a home. Yeah. I don't know if you saw it. He's also a freeloader. Yeah.
Starting point is 00:56:36 Fuck out of here. He fucking sucks. Well, of course you saw it, because I sent it to you, but then, and you're on the internet. But last like over the weekend, when was it? I don't know, like, it's not there. It was last Friday, I think. It was last Friday.
Starting point is 00:56:50 The bill gates thing? Yeah. Bill Gates apparently, the text message has got leaked between Bill Gates and Elon Musk. Bill Gates was asking Elon if he would do some philanthropic thing, and Elon's response was, are you still short Tesla? Cause like asking if he was still short Tesla stock,
Starting point is 00:57:09 cause apparently Bill Gates was short Tesla. And Bill Gates said, I think regrettably, I think I am. And Elon said, well, like fuck off. Then I won't help your little climate project. Yeah. And which he said was because if you are shorting Tesla, Well, like fuck off then I won't help your little climate project. Yeah, and Which he said was because if you are shorting Tesla therefore you don't support the You don't support the most serious company doing anything about climate change. Yeah
Starting point is 00:57:42 But Elon asked if he still had a half a billion dollar short position on Tesla half a billion by the way, let me do the math here. Tesla being a trillion dollar company. It's a small portion. It's a thousandth. So it's a tiny fucking portion. And he said that he hadn't closed it out, so Elon told him to get lost. And Elon, sorry, but I cannot take your fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- fill- philanthropy on climate change seriously when you have a massive short position against Tesla the company doing the most to solve climate change. Can you say what you you responded to someone's thing on twitter and i liked it. The thing about the guy oh yeah i'm talking about how he's so dedicated to climate change and everything. Yeah i said if he was really that dedicated to climate change he'd be doing everything possible to encourage better city planning and public transportation and all these things. Publicable cities. Yeah.
Starting point is 00:58:33 Walking. No, it's because like also Tesla, it's good. Electrification of cars is good. Sure, but to be clear, they are not like carbon neutral. I don't think they will release all the information, but they are huge emitters, the whole process of everything that goes into Tesla. Yeah, because you gotta go mine rare earths,
Starting point is 00:58:55 cobalt, lithium, nickel. I think it is better than the internal combustion engine, but it's still just, it's, it's, he's being such a fucking baby. The fact that, okay, first of all, it's not, I highly doubt that Bill Gates is at home on his computer, going short, $500 billion, $500 billion?
Starting point is 00:59:20 Million, million dollars worth. Yeah, half a billion dollars worth of Tesla. Oh, it's his fucking, he's got wealth managers that handle that. Right. He's been jumping over chairs, my man. He's busy. Yes. He's busy riding on the Lolita Express. Oh, man, imagine him just showing a 15 year old. Do you want to see me jump over the chair? She's like, I want to go home. Sir, I just need to rub your feet and then I could go home. Sure, but Jeffrey said if I rub your feet, I get to go home. How, how tall are you about seven, 60 inches?
Starting point is 00:59:53 Well, this chair is about 50 inches. So I could leap over you in a single bound too. As he's taking off his stupid pants, his shoes and his shitty underwear with a little stain in the butt. But someone said Elon is not saving the planet, he's saving the auto industry. That's a very astute observation. Yeah. It's just being short your company at a trillion dollar valuation is taking advantage of a perceived Descrep discrepancy discrepancy in Ben. I don't I'm not in a with you my brain in here my brain. You look to me like
Starting point is 01:00:40 Is that the one? I'm so fucking tired today. I'm trying. I don't know. I apologize to everybody that I my brain is just like I after this before we do after hours I'm getting a cup of coffee because baby brain is my boy. I'm gonna fuel up. I'm gonna. Yeah. I'm gonna put some gamer fuel in me. But wait, wait, so What if what if what if Tesla was worth $20 trillion and and someone shorted a billion dollars? Well, then you're not serious.
Starting point is 01:01:12 You're not serious about the company shut the fuck up. Like, it's just how fragile is your ego? Very fragile. Okay, so wait, go on. What? We didn't even tell the big, I mean, it's not not even news everyone knows what they want us to actually talk about is He went through with it. He bought Twitter. Oh, yeah, 44 billion dollars. Yeah, and what's interesting? Well, it the offer hasn't been accepted Yeah, like fully it because obviously because the but I can't imagine the board not accepting it right
Starting point is 01:01:41 What's gonna be funny and interesting is Twitter announces their earnings today and after hours. And if it's a nasty reaction and if the stock drops to say $35 to share, who knows? It's probably not going to drop that much. But basically, I think Elon at this point is overpaying for it. First trouble is he says it is, he's overpaying. I think. I don't think you can really put a price on buying out Twitter. I mean, he's paying for it. He's gonna. Good will. Yeah, I'll tell you what. There's extra value on that. I mean, that's the thing. I was wondering where you're going with it in that. In that he's different than Jeff Bezos. And I was like, in what way? I mean than Jeff Bezos and I was like in what way I mean Jeff Bezos obviously
Starting point is 01:02:25 owns the post and that's it's weird if you're gonna be pissed about this it's fine but at least no because I've seen people on MSNBC calling end of days like well what happens when Elon decides he doesn't want to do X and it's just scrubbed from Twitter. Like, you're going to have a billionaire, and it's like, my man, you're owned by Comcast. You don't have journalistic freedom or integrity. It's very odd watching. I mean, I included a link just because I got curious and I was looking for it, there's a little Harvard did a study through, and they just gathered all of, basically every major knew that, and who they're owned by.
Starting point is 01:03:11 And it's just everywhere you look, it's billionaire. Oh, right, yeah. It's just, I mean, honestly, it's probably why you've seen a huge success in stuff like podcasts and independent media. I think, you know, they, they, they, they, sub stacks, they love to like shit on Joe Rogan, but I think people feel like, uh, and I'm talking like corporate media.
Starting point is 01:03:33 I think corporate media takes aim at Joe Rogan a lot. I mean, he's this like huge, I mean, I don't even know how many listeners he gets. It's a million. It's crazy. I think they, it freaks them out, right? Oh, no, they're not listening to us anymore. They don't want to.
Starting point is 01:03:49 I mean, why would you want your news from a fucking billionaire? Yeah. Uh, I think what's weirdest about this whole thing is in the culture war that we are now fully need deep in. I would say waist deep at this point. Everybody's picking sides. It's like, okay, there's the hard line right and left and the right has fully claimed Elon. And part of
Starting point is 01:04:12 the reason why they're praising him so much with this is because it triggers lives and it pisses off liberals. And I wanted you, I want to watch this TikTok. The people love Elon TikTok because people, it's just the weirdest thing to be so loving of Elon Musk. Can we play that TikTok? Of course. This message is for Elon Musk. We love you, Elon. Oh wait, is he joking?
Starting point is 01:04:40 No. No, this is a joke. Hey, Elon Musk. God, I just say, yo, I joke. Hey, my mom. God, I see you. I know what I'm doing. It's a matter of work. Thank you. Hey, read it on my... The sea window, electric car. I said you to charge.
Starting point is 01:04:56 Shocked, dreamers didn't always work down my... Wait, what? Hey, that month. I love you. What is this? And your money. So that's a joke with that. I don't think that that's a joke, buddy. Dude, what?
Starting point is 01:05:11 Do any of those people look like they were joking? Do they look like they... What the fuck was that? That was people who love Elon Musk. Because they eat. I don't, but why was it all... Because they don't understand that. You just broke my brain. I know. My brain has been broken. I don't understand that you just broke my brain?
Starting point is 01:05:25 I know my brain has been broken. I don't think that was real. That was 100% real. Why did they do that? I love Elon Musk. I know your money. They love they think he's, you know, oh yeah, get the oh yeah, this. So yeah, well it's richest man Elon Musk.
Starting point is 01:05:42 Cause he's homeless and rotates among friends. But this is great. So this is a screenshot from Facebook, this headline from the independent world, which is mainly Elon Musk, because he's homeless and rotates with, yeah, like you just said. But then this comment from this guy is,
Starting point is 01:05:57 so it just sums it up. The most significant human on earth in a thousand years. I would give him my house if he wanted it. I would be honored Fuck What is What is going what is happening? I? If you guys the under a hundred million dollars, I feel like you should want to kill this guy He's on track to become a trillionaire like what is he gonna give you that makes you love him so fucking much?
Starting point is 01:06:27 What do you think he can do? I've been a lot of that. If people can't even afford a Tesla. Of course they can't. That guy, I could barely understand him. Wait, I think he said something about if you win the election, which is, first of all, what? In a second, he said,
Starting point is 01:06:41 I really don't afford my something treatment. Did you see the thing about Elon basically advocating for indentured servitude for people to go to the moon? All right, to go to Mars. No, but that's right. He basically advocated for, God, I wish I pulled it for this. You, I mean, I'm sure that that's what it was.
Starting point is 01:06:57 Yeah, he basically, he was basically like, everyone would be able to go to Mars. There we can have programs where if you can afford it, there's a, you can go and work and you can slowly pay off your debt for travel. And it's like, whoa, we're going so backwards. Yeah, I just, I'm, I do, okay, so I, I, I know, we gotta wrap up.
Starting point is 01:07:18 So we're, we gotta wrap up. We also are trying to keep our episodes, our free episodes, the, the length. Don't worry about it. Yeah, but I, you don't have to publicly tell anyway, but I want people to know that you know, we're not trying to Look the long the the main episodes are always gonna be 60 to 90 minutes. Yeah, they're always where yes That's it hell yes the problem is that we have a very tight turnaround and we have a team here You don't have to explain yourself. I know people don't- I know the wasting time and I'd rather talk about it later. Okay, right, okay. You wanna talk about it later.
Starting point is 01:07:48 Like, we don't have to fucking explain to everyone how logistic- I just don't wanna people understand there's a lot of moving parts here and it's gonna fucking go back. I'll explain it to you. We have so much to talk about. So what happens is, no, no, yeah, you're right, we do.
Starting point is 01:08:00 Uh, okay, we should wrap it up, though. Jesus Christ. I gotta go check on the dog, I gotta pee, I gotta get my fucking coffee. We barely even scratched the surface of Twitter. What else do you wanna say about Twitter? Forget it. It's a mess.
Starting point is 01:08:12 The deal doesn't make sense. He's leveraging a ton of his Tesla stock potentially. That's a huge point. Like, if it dips more, yeah, and the details are still unknown. Because if it dips more, he's basically- He could be on the hook for this,
Starting point is 01:08:24 yeah, this alone. He could get margin called dips more he's could be on the hook for this yeah this alone he could get margin called because he's basically saying hey here's all my Tesla stock and it's worth X amount of money I'm gonna take out loans against this right but he only took half of it out on loans yeah he didn't take out like he took out over 10 billion is being speculated although I gotta say what ever whenever you're like oh Elon has all this money Why can't he like solve the X problem? Everyone's like it's not liquid Yeah, they seem pretty liquid right now Seems like what right now when you can take out loans against it
Starting point is 01:08:52 But what's frustrating? This is the last thing I'll say I fucking bought put options against Tesla for this week And this is why you always stick to your plan because yeah, yeah, I mean, like, I don't remember, a few thousand dollars. If I had held on, like my plan was originally to hold on until at least the end of this week, I'd be up like 25 thousand dollars. That is lunch money, my man. I'll lunch today, pal. No, lunch today. Reaten fruit roll-ups for lunch.
Starting point is 01:09:22 I hate fruit roll-ups. I love them. Give me that shit by the foot, in fact. Okay. Anyway, stay tuned for after. I'm not going to be a part of it. We're going to be a part of it. We're going to be a part of it. We're going to be a part of it. We're going to be a part of it. We're going to be a part of it. We're going to be a part of it. We're going to be a part of it.
Starting point is 01:09:36 We're going to be a part of it. We're going to be a part of it. We're going to be a part of it. We're going to be a part of it. We're going to be a part of it. We're going to be a part of it. We got Marjorie Taylor Green clips, we got, uh, fucking, Ben's got an insane TikTok you want to show me, you want to even fucking show me? We're gonna talk about Brock and Michelle Obama losing their spot if I do. Let's gonna be fun. Get in there. Anyway, we love you very much. Thank you so much for watching. Alright, bye.
Starting point is 01:09:54 Listen, goodbye.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.