The Trillionaire Mindset - 42: Will Elon be FORCED to buy Twitter?

Episode Date: July 15, 2022

Become an exclusive member at https://tmgstudios.tv This week Ben goes on a rant off-the-bat, Emil’s road rage, and the duo discuss whether Elon will be stuck with a 44 billion dollar bill. If ...you listen on Apple Podcasts, go to: https://apple.co/trillionaire Sign up today at https://stitchfix.com/trill to get $20 off your first purchase 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 Oh Oh, man, you know are we started now? Wow, let's check it out, you know, you know, Emil I think today I'm gonna change things up. What are you gonna do? Yeah, I think the viewers want some real Unadulterated financial advice. You bet you can't give it to him. No, I can't. I can't. What are you gonna do? I know, you know, this might be controversial, but I think- Ben, don't buy. You're gonna get us.
Starting point is 00:00:33 Ben, you're gonna get us in trouble. Don't do this. Ben, why? And you're gonna want to sell it when it reaches, you're only gonna hurt yourself. Dollars, and how much? Ben and you and another thing we need the government we need Glenn in here the government Can we get Glenn and I could say whatever I want this is America, right? I could say whatever I want and you know and the other thing is another stock you say it's it's it's called
Starting point is 00:01:04 You don't want to buy it and I swear to God if you buy enough of this thing You're gonna be able to retire early don't tell you buy who's sleeping me Where's this bleeping coming from this shit? This is this is unacceptable and you know No, who the hell yeah, you Sensor me you sense of the truth. Here's what we need to do in this country If you keep going, Glenn's gonna come in here. Yeah, fucking right. I'd like to see him Hello everyone, this is Glenn This episode of the Trillion-in-A-Mine set is being taken down due to non-compliance
Starting point is 00:01:43 When Ben can get his act together to start behaving like an adult, the episode can continue. By the way, Bingo says hi. GLEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE I'm not fucking late. What are you writing down? I'm underlining my lines. Oh man. You take myself, you take myself control. Who is that? Well this isn't after hours buddy. We're not singing just yet.
Starting point is 00:02:46 We're not even going to sing in after hours. Actually, did we start? Because if you are thinking of subscribing now, the time to do it, the doctor said that Ben at this stage of his, the way his brain has degenerated, he can no longer live alone. It's unsafe. So we are, we're trying to put him in a nice home. And the best, the best way for you to help with that is to subscribe to after hours. After hours?
Starting point is 00:03:18 Who's got brain problems? No, huh? At least I can articulate myself. The best way you can subscribe is to go to, his help is to go to Afterwise. It's a slime. Yeah. Yeah.
Starting point is 00:03:31 Yeah. TV. TimBestidios.tv. And you can get all of the fun content that's behind the paywall. Yeah. If you go for the Trillionaire tier or the TMG Studios tier, the Studios tier. Yeah. I you go for the trillionaire tier or the TMG studios tier, the studios
Starting point is 00:03:45 tier. Yeah. I'd like to speaking of tier, like a crying tier. I'd like to apologize to everyone for that little freak out. Sorry about that. Sorry, Glenn. Also, hey, Glenn, I will never step out of line again. I promise. Also, hey, Bingo. Hey, Bingo. So like Glenn, to satisfy Glenn We got to check out that disclaimer and that description box folks. You got to click more see I did it right this time I said just more. It's all you need. I don't know if that's what it is. It's probably see more I think see more show more or something Yeah show more butts. Hey, Emil look over there Shout out to Carl's shout out to Sam my little brother Nate's boss
Starting point is 00:04:36 Nate my little brother Nate just called me. He's like my boss listen to show You can get my shout out and I'm like yeah hell yeah, his name is Sam I thought if you ask for a shout out you don't get one you don't But he asked on someone else's behalf Oh, wow wait till your DMs find that out. Yeah, no, but this can you show up my freaking sister? This was an exception because he's my brother. Okay, everyone else stop wasting your breath You ask for a shout out. I'm just that's an automatic. No, I like that. It's just an automatic now I like that and maybe it'll be an automatic block Keep it up. So just try it.
Starting point is 00:05:07 Try it. See what happens. Yeah. No, we're not going to do that. I'm not going to do that to you. Oh, you got to subscribe to the YouTube channel. We're almost at 35,000 subs, man. Oh.
Starting point is 00:05:17 Yeah, we're at like 34.8. And that's when the boys start kissing. Yeah, no, that's when we start looming up our lips. That's when I'm like Tom Brady's son getting the car max. Yeah, in me with the blistex. My lips are addicted to that blistex shit. I'm actually a bird's bee, guys. Yeah, the bird's bee is fine.
Starting point is 00:05:34 Do you remember Softlips? Did you ever use Softlips? No. For some reason, I was friends with a bunch of hard core kids in high school, and they all loved Softlips. They all loved chewing tobacco. Even though their core was hard, their lips were soft. Their lips were soft. Yeah, soft lips was, it really did make your lips crazy soft.
Starting point is 00:05:52 It's also just an addiction, like you don't need chapstick. Yeah. But I always have it on me. I've been trying to use it less. I've always got it in my left pocket. My left pocket too. What's in your, what's it always in your left pocket? Well, so I actually, in way less, I have stuff in my pockets way less now because...
Starting point is 00:06:13 Just answer the question. Well, can I explain? Yeah. You have way less in your pocket. No, I just, I usually have nut, like right now I have nothing in my pockets because I was traveling and I brought a fanny pack so I could basically put it under my jacket. Then I got so used to not having stuff in my pockets.
Starting point is 00:06:32 Now I heat it. I'll do it. It makes sense. But if I do have stuff in my pockets, wall it back left. Back right for me. Go ahead. Are you right-handed? Yes.
Starting point is 00:06:42 I'm left-handed. Front left. Keys, chapstick. Same. Front right. Phone? Yes. Yeah, I'm left handed front left keys chapstick same front right phone phone. Yeah Yeah, damn so if you see us on the streets and you want a pickpocket as you know where all my shit is yeah, oh man Wow, we're only five minutes in holy shit. It feels like it feels like an hour feels like an hour, huh? Aren't you gonna ask me about these gloves? I'd rather not but go ahead tell me about the gloves Ask you got to ask me about it. Oh, what's up with the glove? What's up with these gloves? I'd rather not, but go ahead, tell me about the gloves. Ask, you gotta ask me about them. Oh, what's up with the gloves?
Starting point is 00:07:08 What's up with these gloves, you might ask? Yeah, I did, I asked. You know, part of me thinks I should chill out on oversharing. Oh, yeah. No, I think it's not just part of you. I think it's part of everyone. What do you mean, like everyone thinks that? Yeah.
Starting point is 00:07:20 Well, the thing is, you would think that I actually don't share it. That's just scraping the surface of the enigma that is me. We're all, we all contain multitudes. But, no, I had, I have some nitro-glittering cream that I need to apply to myself. And I don't have any gloves to do it with, so I got these handy things. Wait, you're gonna do the ass cream here? No, no, I'm not gonna do it here. This is for later.
Starting point is 00:07:51 I've just got it. Just use your finger and then wash it. Nah, cause it's nitroglycerin cream and it like expands your veins. So I'm like, I don't wanna expand my veins in my finger. Do it. Nah, it weirds me out. It weirds me out enough just putting it in my finger. Do it. Nah. We weird me out. It weird to be out enough just putting it in my ass.
Starting point is 00:08:07 I want you to touch raw asshole. I mean, I've done that, but I don't. Yours? Yeah, of course. Who else is? Uh. What do you mean who else is? Oh.
Starting point is 00:08:17 Oh. But it's um, that cream sure does work. And it was annoying. It was a, it was a process. What is it supposed to do? What's wrong with your asshole? This is not what people want to hear that on the show. Yeah, you know what? Yeah, they really don't they didn't come here for that my ass is fine. Everything's fine. Hameroid, that's it Okay, great and it helps blood flow. It's a very common thing and apparently they they use the cream for other things like
Starting point is 00:08:42 You can rub it on your chest if you got angina and apparently they use the cream for other things. Like, you can rub it on your chest if you got angina, which is, I don't know, I just saw, when I was looking upside effects, I was reading about it. And yeah, but it grossed me out because it's like the ass acts as a don't. That's what you said when you picked up the cream. It's not for me, my girlfriend. She's got angina. Nah, it's not for me. It's my girlfriend's angina. I had to call the GI doctor because I made the mistake of going to the GI.
Starting point is 00:09:10 I was the final appointment of the day, and the nurse goes, all right, I'm going to send the prescription downstairs, because I had to get this from a special, they call it a compounding pharmacy where they make the stuff in the pharmacy, and there's only one near me, and it's in Burbank. And she's like, I sent it down, you can go walk down there right now. I went down and they made this ice cream, especially for you. Yes. So sure enough, I go down to the pharmacy and the woman's like, we don't have anything for you yet.
Starting point is 00:09:37 So just try back next week. I find the phone number or so I thought phone number doesn't work to the pharmacy. So I call the doctor and they They're like oh will forge you to the nurses station call the nurse station. You have to leave a message. I leave a message They don't call me back. I Let another like two weeks pass. I try calling them again. Same thing Nurses station leave a message. They don't call me back. I've called this place like four times the GI doctor Until finally I'm talking to the operator and I seriously just said my I was trying to appeal to her to her emotions
Starting point is 00:10:12 So I said lady my ass is killing me. I've called like four times. Can you please? Someone I'm just trying to get this prescription filled and I need someone to send it down to the pharmacy and She's like, okay, I'll have a special message put in for the doctor. Doctor didn't call me. So then I called the doctor. I called the place on like last Saturday when they have an emergency doctor on call.
Starting point is 00:10:37 And this gentleman called me back and I expressed my deep profound gratitude to him. And then he said, I'm gonna go ahead and put in the prescription for you now. I'll be right in. I said, okay, what's the phone number for the pharmacy? Because there's the one on Google doesn't work anymore. And he says, here's news. And then I called them and I got it squared away. And now my butt just be slurping that cream up. That's the American health care system for you, baby.
Starting point is 00:11:04 It's it's it's it's yeah kind of is man. Did you see that chart that's been going around where it's it's basically health expenditure versus health outcomes like yeah. Yeah, expect life expected. Yeah, yeah, yeah. And the US is like we spend way more and get far less. Yeah, Yeah. Yeah. Isn't it surprising? It's a fun chart. Oh, no, it's not surprising at all. It's surprising seeing like adults posted and be like, I don't get how this could be.
Starting point is 00:11:32 And it's like, what's the difference between these? Come on, you can figure this out. You can connect the dots here. It is a little misleading, well not misleading, but it makes it look like it's that, it's drastically different in terms of life expectancy, but it's only a couple of years. Yeah.
Starting point is 00:11:47 If I'm going to live to 79 versus 82, fuck it, who cares, what's the difference? Three years. Yeah, well what am I going to do in that three years? Let's be honest. Hug your kids, hug your gang kids. Gang kids? My kid. What are gang kids?
Starting point is 00:12:00 I'm going to be smoking. I found the most interesting thing when you look at it, you can fucking see. Where does it start to split? Uh, where, what age? No, no, no, guess what year? Oh, um, I bet you can guess. Wait, wait, let me get it. Don't look, oh, I looked 2000.
Starting point is 00:12:18 Well, no, you didn't look. Look where it really starts to, oh. You zoom in on where it starts to go sideways. Oh, oh, 1985. Look where it really starts to zoom in on where it starts to go sideways. Oh 1985 it's 1980 What happened there fucking Reagan it's crazy how much you can just go back to Will I That's my that's the extent of my Reagan impression. Will. And then we just got, you know, for our younger listeners, Reagan was a president in the 1980s.
Starting point is 00:12:51 They might not. Some of these people don't even know who Ronald McDonald is. He was a clown who was the mascot for McDonald's. I got in a shouting match with this guy yesterday because I was driving. Yeah. You got to be careful, man. Don't do that. I know. As I drove away, I was like, what's the plan? Was I going to get out of the car and like, you know, when you're taking a ride, and you can go right on red. Yeah. So I was like, inching out, inching out, and then I saw this guy walking towards the car. And I was like, you can either go in out. And then I saw this guy walking towards the car.
Starting point is 00:13:25 And he was like, you can either go in front of me or behind me, everyone's going behind me. And this guy was like, gonna teach me a lesson, right? For being in the crosswalk. And I hate that shit. So I started inching more. And then I was like, okay, I'm not gonna hit him with the car. So I don't, but as he's walking by,
Starting point is 00:13:39 I'm going, oh, you fucking stupid. What's the fucking problem? And he's yelling at me. And then he's past the car? And he's yelling at me. And then he's past the car and he's still yelling. And then he spits, but like, intentionally not on the car. Oh, just like a, yeah. And I was like spit on the car.
Starting point is 00:13:54 I said, go ahead, do it. Spit on the fucking car. And he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's, he like, come on, spit on the car. Yeah, and then he just walked off. I don't understand people who like flip, flip off other people, willy-milly, like.
Starting point is 00:14:12 Oh, well then I drove by him and I was like, fuck you. It's not worth it. You never know who's, who you're flipping off. Well, and then I have to go literally like a minute down the road, because I was just running in here. I was like, maybe he's gonna see me going here. Yeah, you gotta be careful folks. That's how I'll die. Getting road-raged. Just the wrong guy. Yeah. Well, it doesn't have to be. You know what? I read online that the better thing to do instead of flipping someone off, give my thumbs down.
Starting point is 00:14:40 It's a lot more. It gives them something to think about. You suck. Yeah, come on. No. Anyway. So folks, we got those. Whoa. Was that a B in the studio? Jesus. We got CPI numbers came out. There was a fake document that was spinning around Twitter. What was the difference between the fake and the real? The fake was saying 10.2% and the real was 9.1% and the White House is saying that 100% of the increase is due to gas prices alone, which is kind of... I don't think it's 100% but a large, a huge amount of it is. They're saying that it's... Energy prices.
Starting point is 00:15:19 Yeah, they're saying that it hasn't accounted yet for the recent drop. I think gas has been dropping for like almost a month. I do, and I'm never hopeful, but I do think this is the peak. Really? I really hope that you're right. I do too, of course. I was watching this interview with my favorite trader, Stan Druckenmiller.
Starting point is 00:15:39 It was a weird podcast posted a little over a month ago with one of the co-founders of Stripe. It's Irish guy. I forgot his name, but... Can we like meet the co-founder Stripe or something? No, no way. Maybe? No, I don't know. Yeah, I don't think so. We met some payments guy.
Starting point is 00:15:58 Where, when? It's off the... I'll think. Yeah, okay. Well, so, uh... Druck in Miller pointed out that throughout history, whenever inflation has been above 5%, it's never come down without the federal funds rate being above CPI. Explain that. What's the federal? Well, the, the, the, the interest rate,
Starting point is 00:16:21 okay, which is currently it like, I don't even know, I should know this off the top of my head to to something. Okay, so whenever CPI whenever CPI has been above 5%, it's never in history come down without in the interest rate being above that same number. Okay, but there's more right? Yeah, but he says that he thinks that this is going to be the first time that history right? Yeah, but he says that he thinks that this is going to be the first time that history is broken or whatever. There's a more eloquent way of saying that. Well, let's violate history. This will be the first time that it'll violate history and CPI will violate history too much. Well, not without consent. Well, let's hope, let's hope the Fed is listening. Yeah, well, I think I just saw something with a banks as their their forecasting another hundred basis points Yeah, they're every a lot of people are forecasting now between 75 and a hundred basis points a hundred basis points being 1%
Starting point is 00:17:15 That's what a basis point is 100th of a percent right then the beige book came out the feds beige book came out yesterday for us two days ago for you listening now. You, you, you, your face, your face July 13th. In the beige book, it's basically, you're wrong. What? Today's the 14th. Yeah, yesterday for us.
Starting point is 00:17:38 Oh, fuck. All right. Two days ago. Don't do this. The beige book comes out eight times a year and it's just like a summary of all the different Fed districts. They talk to like CEOs and business people and stuff and it's just kind of an amalgamation
Starting point is 00:17:53 of how everybody's feeling. And they were saying, what does it say? Yeah, of all 12 Federal Reserve Bank districts and they noted an increased risk of recession. So then that lends itself to the other thing that Dr. Kim Miller said. So whenever inflation has been above 5%, also, it has never come down without a recession. And he was saying this time he doesn't think history will change.
Starting point is 00:18:18 He thinks that this time it's a double. It's a double whammy of inflation will come back down below 5% without needing interest rates to get above that level. But it won't be without a recession. The length and depth of that recession, who knows? Not drunk, apparently. We really got to get him on the show. He talks so slow though.
Starting point is 00:18:44 He's like, wow. I would have on the show. He talks so slow though. He's like, well I Just like we skip that. No, but it'd be fun because I'm sure he's got maybe Alex can do some magic and speed up his part Speed him up, but he sounds normal. Yeah, yeah, I think what we would have to do with a Geeser is just ask them questions about their youth. That's how you get old folks to lighten up, to like perk up. Oh yeah, what was your own name? I remember.
Starting point is 00:19:15 Really? I don't know. Sometimes my eyes glaze over and I go, oh my god, this is never gonna end. That's how I might... We're only at fucking 1916, Jesus Christ. Are you talking about like the year? Yeah. How fucking old are you your grandparents here? You're talking about well, they are Greek. What are they living on that island? Oh, yeah, they got yeah. Yeah, where they lived to like a hundred and twenty. Jesus. That's where I'm gonna go. Yeah, I got to go there too. Raise some sheep.
Starting point is 00:19:41 Some sheep and a cow. You got to be Greek to get in. Raise some sheep. Some sheep and a cow. You got to be great to get in. Fuck. Wait, speaking of old people, I, uh, yeah, I put in a fun video here of Warren Buffett. Someone asked him about, um, someone asked him for his advice on investing during it, inflation, inflationary periods. And this is, this is like the most old guy boomer shit.
Starting point is 00:20:04 So unhelpful. And you got fucking Charlie Munger, he, he, he, he, he, he, times in at the end. The best thing you can do is to be exceptionally good at something. If you're the best, if you're the best doctor in town, if you're the best lawyer in town, if you're the best, whatever it may if you're the best whatever it may be, no matter whether people are paying you with a zillion dollars or paying you that, they're going to give you some of what they produce in exchange for what you deliver.
Starting point is 00:20:39 Okay. And if you've got it, if you're the one they pick out what To do any particular activity Sing or Charlie monger play my small or fucking candy or either lawyer whatever may be He can also just pause it for one second He can only think of like two fucking things. He's like you got to be the best thing And he's like either a doctor or a lawyer. And people are gonna pay you for being good at it.
Starting point is 00:21:08 That's what he's saying. Yeah, and he's like, this way, he's basically saying invest in yourself because like you'll always have. That is great advice. I guess, but if someone's asking you like, hey, we're in like unprecedented inflationary times, we think of recessions coming.
Starting point is 00:21:23 Do you have any advice for someone? And he's like, um, get in med school real quick, graduate, be the best doctor. Well, I think let's, let's listen to the rest of what he has to say. I mean, they can't actually be inflated away from you. Somebody else will give you some of the wheat they produce. But he's a sinner, whatever. He's talking about like fucking barter. Like, you know, if you're a good enough doctor, you'll be able to get weak. Hey Warren Buffett, the saint of dust bowl, okay? We're not going back to when you could like trade your children for.
Starting point is 00:21:54 But and if we are like, that's, yeah, I think we got bigger problems than investing in stuff. You're not going to be in good shape. Yeah. All right, keep going. And they will trade you for the skill you have. So the best investment by far is anything that develops yourself.
Starting point is 00:22:12 And again, not tax. Now, so. Wait, Paul, that's what I would do. And Charlie, what is Charlie? There are like hundreds of thousands of dollars in debt. Yeah. And he's like, do you have a pal, you're gonna have so much wheat when shit hits the van?
Starting point is 00:22:27 Yeah, we're gonna have a lot of water. You're gonna have, look at these, look at the display of C's candies. That was, so for those of you who don't know, Warren Buffett and Berkshire Hathaway own C's candies, the grandmireist grandmire chocolates. And you can see Charlie Munger, just like opening rappers and sucking these things.
Starting point is 00:22:50 He's the end of all the art. Talk everyone. Just get ready to chime in. Let's just say yes to say. I got some advice for you too. Wait, wait, wait. Wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, wait, like you might be able to guess. Oh man. Dollar cost average into in. No, you're gonna kick yourself when you're here. Okay.
Starting point is 00:23:27 When you have your own retirement account and your friendly advisor suggests you put all the money into Bitcoin, just say no. I never lose an opportunity to kick Bitcoin. You know, you can gauge how old someone is by, oh, they're mouth moves when they laugh, because he's going like this. Well, you gotta remember he's got mouth full of candy.
Starting point is 00:23:55 Yeah. What is he 99? I have no idea. Oh, man. Charlie. Also, this guy's talking about retirement funds and it's like, my guy, what retire? Yeah. Well, if he retire, so die.
Starting point is 00:24:12 That's true. Some people, some people, once they stop working, they just die. Good. Like, what the fuck? Yeah. It's also fucked up that Charlie Munger only has like two billion dollars, whereas his partner, Warren Buffett has like a hundred billion.
Starting point is 00:24:30 Yeah, how'd you fuck it? I mean, he's got two million dollars, I think he's fun. True. Also, it's very funny. Warren Buffett told like famously convinced Bill Gates to diversify, diversify and it costs to like 200 billion dollars. That's right. If you just held down to Microsoft, you it costs 200 billion. Right. If you just held down to Microsoft, I would've been golden.
Starting point is 00:24:48 He, I guess he just, by the way, Bill Gates, I think just earmarked like $20 billion to go into the Bill Gates fund. That's a terrible Bill Gates impression. What is he going to do with it? I don't know. He's probably going to buy more farmland or something. Let him have the farmland let him be who cares? Let him be a look you whoa what's the great conspiracy? What is he gonna become a farmer and he's gonna force every I
Starting point is 00:25:14 Don't know the conspiracy, but I don't think one guy should like own all of the farmland He's not owning all the farmland. He's got a lot of it. He's gonna give me some. He better get. Oh, no, it's making sense why you yeah I'm glad you showed us that. Seize candies. Are you glad I showed it? Yeah, you like that? I like that. I gave it a good laugh. And it is good advice. You should. It's good advice. Investing in yourself. That's good advice. That's good advice to tell to a freshman in high school who's like, shh, worried about the future, right? And it's like, you know what? The best thing you can do is invest in yourself. Or like someone young,
Starting point is 00:25:50 sure, but, you know, I think it's just universal. Right, like you should do things that develop your own skill set. And, you know, get really good at them and make yourself valuable, not only monetarily, but, you know, true. So get really good at them and make yourself valuable not only monetarily, but you know true So it's good advice, but it's to anyone right now. How could you how could you possibly put that into action? Yeah It went when the specific question was about inflation
Starting point is 00:26:19 That's why we got it we have to figure out how to be the best at podcasting. Oh, yeah When shit hits the fan people are giving us wheat to Vod gas. Oh, if you got wheat out there, we'll take we'll take one bushel this motherfucker's playing a game of settlers of Katam. I Hate that game. Well, I can never remember how to play it Until I'm actually playing it and by the time I'm like familiar again We've gone through one game, but one game takes like an hour and a half so then by the end of that game I'm like all right. I don't want to fucking play anymore. I don't want to play again. Oh, I like it. It's fun I'm a big risk guy never played it. Oh you ever played Dominion. We got to play Dominion. I saw the movie
Starting point is 00:27:01 Hmm, I don't even know what that is. Dominions. Dominions. Yeah. Yeah. Yeah. Dominion. I didn't see it. That reminds me of that. There was a Kanye West tweet a couple of years ago where he said, I will never make a
Starting point is 00:27:17 dis record. And then someone quote retweeted it with, I didn't know Kanye was Italian. I would never make Kanye was Italian. I was never making this record. Yeah, yeah. That's very good. Oh, another. Very good.
Starting point is 00:27:30 Anyway. What? No, go. The Euro, the Euro, I guess they just added Croatia? Or Latvia? They just added another country. It's now 20 countries that make up the European Union. European Union.
Starting point is 00:27:44 Who got in? I don't know, I think I want to say, I can't have been Croatia. Who just got added? Good luck to him. Can we see? Wait, wait, don't look, don't look, Emil. You're gonna have to guess.
Starting point is 00:27:56 I'm gonna give you hints. Well, you gave me two. I didn't see the news, so I, my best guess would be two. I'm gonna give you a hints based on what country it is. Man, what is sticky? There's some schmutz on this microphone. You hear that? It's a cum. It's not cum, you pervert. That's disgusting.
Starting point is 00:28:15 God. The Euro reached parity with the dollar for the first time in like 20 years, meaning the one euro buys you just as much- or one dollar buys you just as much stuff with as one dollar buys you just as much as a euro equals one dollar. Yeah, one euro equals one dollar and you would think that's good but it's not necessarily the best
Starting point is 00:28:37 because okay, so why is this happening the dollars climbing? Because the Fed is increasing the interest rates faster than everywhere, every other country. So it's kind of putting us ahead. Europe is a little bit more vulnerable to inflation too. They're going to have a, they've been having more inflationary pressures. Yeah, with energy, especially. Yeah.
Starting point is 00:29:01 And Christine Lagarde, the president of the, the central bank over there, she's really got the heat on now because she's got to raise interest rates faster. Hey, Christine, would you turn it down? Christine, Jesus, God. But so higher interest rates in the state side here means what? It means higher yields on bonds. What's a yield? It means how much interest you get paid on the bonds
Starting point is 00:29:25 you buy. This is the money coming back at you with this hand gesture. And so that means it's more attractive than any other bonds in the world right now. American bonds, baby. James Bond. There's no American bonds. Secret agents. There's a Tom Cruise, baby. He's our American bond. Yeah, but he's not bond. No, he's he's a Ethan. He's in Hawk. No, that's the actor. I know he's Ethan. Doesn't it suck Ethan Hawking Oomitherman aren't married anymore. I don't care. Why does that suck? Because like are there they were never like a but like can you think of two stars that are more perfectly Like, can you think of two stars that are more perfectly matched? And look, no hate to my Rudolph, but feelin' an apple and Paul Thomas Anderson? Come on, we don't.
Starting point is 00:30:08 Yeah, they were good. Wow, what a tangent. Yeah, sorry, go ahead. I mean, I can think of two stars that are better matched. I just can't, Penelope Cruz and Javier Bardot. That's a good one, I mean, that's probably the best one. Great match. You know what's funny?
Starting point is 00:30:24 I was watching Irma Vep. That show on HBO with Alicia Vikander. I haven't seen her. But I was like, I feel like she's not a huge actress. And I was like, we could probably get married. You and her. Yeah. And then I looked it up. She's married to Michael Fassbender. Oh, man. I used to think that means and Zoe DeCinnell had a shot, but then I saw that her ex-husband was named Ben
Starting point is 00:30:49 and I'm like, she would never go for another Ben. I had my shot, but I think he's still a shot because she's dating a property brother. Yeah, that's true. Michael Fassbender's hard to compete with. Michael Fassbender. So you got these higher interest rates, you got the dollar being so strong.
Starting point is 00:31:07 And now part of the reason the Euro is weak is because you got these 19 now 20 countries in the European Union. There's the fear that they could all collectively dip into a recession. So what does that all mean? It means that it's good for us because it means that So what does that all mean? It means that it's good for us because it means that stuff that we're importing is cheaper for us, foreign exports are less expensive for us, but it's bad because stuff that we make is more expensive for them. And that's not good for us because that means that we could potentially be exporting less. And that's not good. an already slumped economy.
Starting point is 00:31:47 So stop with your tweets about how you're I'm going European, it's gonna be cheap. Also, I'm pissed, because people were like, looks like you were in Greece too early. Even though it was like a buck in four cents or something. Yeah, keep it break. So it's just gonna be interesting to see
Starting point is 00:32:02 what the hell plays out with this. It's scary. It's a weird time. I wish they could just get all the leaders in a room and go, okay, everybody let's just agree to stop and just chill out. That's your advice. Russia especially, like, God, fucking stop. Putin, chill out on the rhetoric.
Starting point is 00:32:24 There's that one guy talking about sorry I burpee nuclear war or not nuclear war um but nuclear war nuclear what did I say no nuclear I said nuclear yeah no it's supposed to be nuclear I was messing with you oh oh thank you yeah thank you what country was it the joint that can we I don't think the country is joined recently. I think they Yeah, that's just training but the old is not But I thought that I saw I think you saw it. Hey, but maybe it did happen maybe well, I'm a fucking idiot What else is new? I'm dropping. I'm drawing a perfect replica of your anus with cream on it.
Starting point is 00:33:06 And I'll show you at the end of the show. Okay. I will not be looking over there. So I saw some, so a couple of things. Google. Wait, wait, before we get into that, can I? So we've been talking about this for so long. Yeah. And it started probably what, back in November with them talking about tapering off with the quantitative easing. And then when did they start raising interest rates? Maybe about March? I don't know off the top of my head, but yeah, I believe it was this year,
Starting point is 00:33:35 which was way too late. Like it should have happened way sooner. Okay, but as they're weighing, there's a hundred basis points. This next raise. Yeah. Like what do we have to show for ourselves? You know what I mean? Yeah. What do you mean, what do we have to show for ourselves? You know what I mean?
Starting point is 00:33:47 Yeah. What do you mean? What do we have to show for ourselves? You know, we've talked about it a bunch. A lot of people are now on board with this that the Fed does not have the ability to bring down gas prices. They have the ability to mess with demand. Yeah.
Starting point is 00:34:01 What will it take to get people to, you know, cool off on asking them to keep pressing the button right because that's when you get into this like Accidentally pushing us into recession territory, right and you know, so looking back. It's like What have we gotten and you know inflation accelerated? We have a weaker labor market consumer Sentiment is all time low, just fucking nose diving. Which is funny because then consumers are still spending money. They're still out there. Like, Amazon Prime Day, the second day yesterday pulled in like $6 billion or something like that.
Starting point is 00:34:38 And the AMC CEO, the movie theater chain CEO was saying that people are still spending money on like spending more money on, like, spending more money on movie tickets and concessions. The Costco CEO was saying that people are spending less, but only because they have to spend so much on gas and rent and shit. So I think that both things can be true, that stocks have fallen, stocks have fallen, yeah, that's a big one. But I think both things can be true, that people can have poor sentiment, but still spend money, you know, right?
Starting point is 00:35:09 So everything the Fed has done so far has not yielded the results. I think there's gonna be a lag, I guess. Yeah, yeah. At this point, we're looking at, you know, it's been months. And I think that just goes to show that not only is the problem not solely caused by the Fed, but it's not solely going to be fixed by the Fed. Oh, I think we've established that it's not caused by the Fed. Right. Well, it's, I mean, certainly they're part of it because their easy money policies have led to the massive rise in stock speculation. If we are going to see those, because what do they say, up like a rocket down, like a feather for oil prices and gas prices?
Starting point is 00:35:52 I've never heard that expression, but I like that. You never heard that? I've never heard that. They rise really quickly when oil goes up, but fall very, very slowly. So when that lag, those gas prices are gonna start coming down, we should start seeing us coming down from that peak. Yeah.
Starting point is 00:36:15 Yeah, it'll be interesting to see the next CPI report if it will be down, God, that would be so nice. If it suddenly was like below 8%, it's like everybody could, I feel like once we get momentum to the downside, everybody can kind of breathe the sigh of relief. And I think, man, I just, I feel like Russia is the biggest linchpin in all of this. And if they, I just hope Putin has seized the light or something and just kind of what are you talking about like with food prices and everything? No, with just the whole war.
Starting point is 00:36:53 No, I know. Are you talking about, you know, inflationary food prices when you say the Linchpin or just food energy energy like it's all it really, I mean, Biden and the administration, pinning it all on Russia wasn't accurate, but it definitely has played a massive role, especially for Europe. I mean, because it's fucking Europe so hard, like they're the ones who were the biggest losers in all of this. You've seen what's going on in Sri Lanka? Yes, but that's not a result of...
Starting point is 00:37:26 It's honestly a perfect storm of so many things of, you know, not being able to service their debt anymore. Weird policies with farming, they, you know, I think they made a weird policy about organic fertilizer or something like that, which ended up... out organic fertilizer or something like that, which ended up, you know, it cut their crops in half. Oh yeah, it fails. And then they also did a huge tax cut for the rich. It's honestly really wild how many things. They fucked up.
Starting point is 00:38:01 Yeah. It just goes to show how fragile fragile fragile also tourism took a huge hit Yeah, not only with COVID, but then with you know unrest and everything. Yeah, so just a lot of Things happening at once leading to a We got a real bad situation. We got any listeners or viewers in Sri Lanka leave us a comment Let us know how it's how it's going for you out there Down there. It's in the Southern hemisphere, right? Yeah.
Starting point is 00:38:29 Yeah. Isn't the majority of the world in the Southern hemisphere? India and China, wherever they are, are gonna be the majority. Wherever they are. It's, oh God, buddy. That, wherever they are, they're right next to each other. I know but they're in the Northern hemisphere. Yeah the majority of the world's in the North. Huh.
Starting point is 00:38:55 Interesting. I mean it just it's just can't be possible. What can't be possible? For there to be more people than wherever and China. Oh, yeah, because there's two billion of them total There's probably three billion So they're close three billion. Yeah, wow They do be fucking over there They do be having sex It's I think you can't deny they. They're just massive countries too. Well, yeah, but I mean, they're also famously very horny people.
Starting point is 00:39:29 I don't know that. Oh, man, shall we pivot to Google? Google's doing their split tomorrow for us, but today for everyone else. And I was, so I was reading this thing about how it was on tech crunch the other day that some Google executive Ben's reading tech crunch. It came across my radar. I'm not gonna use my hands anymore for the rest of the For the show. I'm just gonna use my mouth for both of us. Yeah, yeah, you do um, so
Starting point is 00:40:01 This Google executive was saying that young people's internet search habits are changing in such a way that it's kind of like fucking with with Google. There are a lot more visual in their search habits and this kind of messed with me. It was like, he said that he or she, I don't know who this person is, but younger people are turning to Instagram. Are you still drawing my butthole over there? What? Yeah, you are. Younger users are turning to Instagram and TikTok for discovery. They don't type in keywords. They discover content and visual and immersive ways. So like, for example, the one that they used was going to lunch, finding a place to go to lunch. the one that they used was going to lunch, finding a place to go to lunch.
Starting point is 00:40:45 They'll look on Instagram or TikTok. And that blew our minds, because what the fuck do you search for? I still have been trying to. I don't even wanna say it, because I feel like people in the comments are gonna be like, you guys are so fucking old, but I literally, I've been trying it.
Starting point is 00:40:59 I went to Instagram and I was like, restaurant. Like try it right now. Yeah. You don't You don't get, I definitely know that TikTok and Instagram is big for planning later. Like a lot of people will put out reels or TikToks that are like, come on my New York City walk or whatever and then it's like, and then we snap that, baltasar and it's like, so people are like, ooh, I wanna go to fucking baltasar.
Starting point is 00:41:24 I know that. But not a kid, and it's like, so people are like, ooh, I want to go to fucking baltasar. I know that. But not a kid, not a right time. I can't be on a walk and go, how do I find the fucking thing? Yeah. I go to Google Maps and I go lunch. Right. Which, to me, presents a huge opportunity for TikTok and Instagram to incorporate something like that, where if you want to eat
Starting point is 00:41:43 right now, see what's around you and see what's been posted at those places to get a feel for I'm sure it's in the works probably but I mean and all often go to I'll find a place on Google and then I'll look at it on Instagram yeah and you can you can hit the little geotag and you'll get all the pictures right whatever but I don't know how to do it. And if people are roasting us in the comments, keep it up. Keep roasts and call us old. Or just tell me how to fucking do it.
Starting point is 00:42:12 Yeah. Oops, I used my hand. How do you find lunch on there? Yeah. I guess people, like, there's a huge increase in people searching for products just straight on Amazon now, which also blows my mind. I still would start on Google. increase in people searching for products just straight on Amazon now, which also blows my mind. I still would start on Google.
Starting point is 00:42:26 Yeah, but I mean, it does after the fact, but I guess, yeah, I guess I go to Amazon straight straight into it, but it's interesting because that does mean. It's funny that even called out. They said while older internet users may not be able to wrap their minds around turning to social media app to find a restaurant, this trend could cut into Google's core business of search and discovery over time. Yeah. Yeah. And they're over. But they don't explain it in the article. Well, because they don't want to they don't want to encourage more people to go use Instagram
Starting point is 00:42:57 and TikTok. While younger users, they basically do the opposite. While younger users may eventually launch some sort of maps app for navigation purposes, this data indicates they don't necessarily start their journey on Google anymore. Right. We start our journey on Google. But so Google is trying to adapt with the times, and they're now incorporating way more visual results. So for example, if you type in like how to change a tire, it's not going to just give you a blue text URL. It's going gonna immediately show you video. Right.
Starting point is 00:43:25 And have it broken to, or yeah, or if you put in TikTok, it's gonna give you, try it. Watch, call my bluff, try it. No, no, no, no, try it. Open up Google. And put in whatever query with TikTok afterward, and it now, it's a brand new thing. It shows you actual thumbnails of TikToks.
Starting point is 00:43:48 Well, they had a funny point about. Oh, that's cool. Yeah, that's what happens when you put it in my name. They had a funny point about, do you know what a skew morph is? Skew morph. Yes, skew morphism is a design principle where you try to make the digital version look like
Starting point is 00:44:05 the real version. Let's fucking go, dude. I remember because some designer friends were pissed off at the old version of the iPhone's calculator because it just looked right. So a good example of Sumorphs is the iPhone. When the iPhone first came out, for example, the Notes app looked exactly like a Notepad. The new stand is like a new shelf. Everything was... The calculator. And it's because you had no... You had no idea of what could be... Right, so you just... You had to have a launching
Starting point is 00:44:39 off point. You had to have some kind of anchor. And those have started to go away. The Notes app is now just a blank app. You don't need lines and reds paper to understand that you're typing into something. And younger people don't have an idea of what a paper map looks like. Exactly, they said he pointed out that the young people coming online today
Starting point is 00:44:57 had never seen a paper map. Oof, way to make us feel old. But maps products have been designed to look like a paper map that's been stuck on the phone. This doesn't meet younger users' expectations and is the wrong experience to offer them. So they're going to be incorporating a lot more augmented reality? Right. Yeah. We got the PC's kids how to read maps.
Starting point is 00:45:16 Right, but even I would prefer like, I don't want to watch a video. I just give me the... Yeah. Because I think I'm used to having a manual like as a kid you would get stuff and it would come with instructions and I would read it. Uh we're gonna get fucking phased out man I'm not gonna know how to do shit. Well this whole article watch the video grandpa. I don't want to just tell me how to do it. This whole thing was really interesting for me because it does it it kind of opens the door for, wow, what is the future of internet searching
Starting point is 00:45:48 and all sorts of stuff? Gonna be with these younger people coming online who are internet natives. They're like, they're born into it. Whereas we remember the internet, we remember life before. They're gonna be like the internet. Shouting in us, you are on native land.
Starting point is 00:46:04 I was born on the internet Yes But like this guy's got a paper map Well, were you born in a year that starts with a one? Oh, don't see that oh god I yeah, yeah, but I am curious to see Yeah, yeah, yeah, but I am curious to see, yeah, what's that going to look like? Is it going to, and if I'm Google, I'm probably freaking out a little bit because heavy is the head that wears the crown, you know? Did you see that graphic that went around?
Starting point is 00:46:36 It basically did internet traffic from 1993 on? No, it's crazy to watch because I I mean we lived through it basically and it's It basically just their graphs and it goes through them all and and how much internet traffic they got and a well Is at the top for so long? You know y'all who briefly de-throes them and then they're fighting it out a little bit Yeah, and then you see like Google come out Facebook come out my space pops up for a little bit. Yeah It's really wild and now Google is at the top. It's like Google Facebook out, Facebook come out, my space pops up for a little bit. Yeah. It's really wild. And now Google is at the top.
Starting point is 00:47:06 It's like Google Facebook Instagram. Yeah. Facebook. But I was thinking about that when this was happening, it's like, yeah, you can get your fucking lunch eight and you'll have no idea. Yeah. Yeah, you got to pay attention.
Starting point is 00:47:16 I think these, I always think about that with, you know, something like Spotify, right? We've just accepted that these things will be around forever, right? But it kind of sucks, you know? This is what we, we've kind of created for ourselves, right? We've traded ownership for licensing. And Spotify could just be defunct in five years and we're like, where's all my playlists? Where's all my fucking shit?
Starting point is 00:47:40 Remember Pandora? Yeah. See, kids, before Spotify, we all used something called Pandora and it sucked. It didn't I mean I didn't like it. I didn't pay for premium. I liked it for the time. It was great. I yeah, I guess I kind of like I found out about new music. I didn't see I didn't I just used it for the radio. Because at that time. We were all doing torrents.
Starting point is 00:48:05 Oh yeah, bit torrents. Which was great. I fucking, I mean, kind of fucked up. Obviously. Yeah, you said you're stealing music. I got it. But it's not like Spotify's paying them. Yeah, they sure they are.
Starting point is 00:48:16 They're paying them a half a cent. I think even less. Probably. Way less than half a cent. Yeah, a tenth of a cent. That's way less. Maybe less. Way less. Look up what. Yeah, a tenth of a cent. That's way less. Maybe less. Way less.
Starting point is 00:48:26 Look up what an artist gets paid on Spotify for one stream. One stream. But so you would find stuff on Pandora and then I would just go torrent. The album of the length. The thing. 0.00332.00. So half a cent.
Starting point is 00:48:44 Roughly a third of a cent to half a cent is how much they pay per stream. No, that's what it said. Less. A third of a cent would be 0.003. Oh yeah, yeah, yeah. Third of a... Yeah, because 0.01 is one cent. Yeah. So 0.003 times three is 0.009. No, no, no, you got, oh, wow, I'm actually losing my mind. No, it's okay, buddy.
Starting point is 00:49:18 Let's just move it. Yeah, so it's roughly a little over a third of a cent to half a cent. We got to talk about, we should, we should instead of crypto, well, not instead of crypto corner, but in addition to crypto corner, we ought to just start having an Elon section. You know what's funny?
Starting point is 00:49:35 They call it, oh, I've seen a couple of online publications do that. Just Elon, Elon time. Like literally, because they, I'm trying to think of one now. The verge I know has one. Okay. Okay, what?
Starting point is 00:49:49 Well, that lends itself to what I, my, so just a couple of things. I don't wanna do an Elon core. I know me either, but there's a few, there's a few interesting things. So as of today, I believe yesterday for you guys, but there is a triple leveraged short Tesla ETF called TSSU that went live today.
Starting point is 00:50:10 So basically, that thing would go up as Tesla goes down and vice versa. But so now explain this to me. Can you also lose a fuck ton of money on that? I mean, it could just, your money could go to zero. That's it. It's not like options. Yeah. Okay. It's just like minus stock. And then Elon's getting, as I'm sure you've all heard, Elon's getting sued by Twitter for backing out of his thing.
Starting point is 00:50:34 And what's interesting is part of the discovery or whatever, Twitter is citing Elon's own tweets. Oh, yeah. The complaint is pretty wild to see just like Elon's shit poetry. Shit emoji. Yeah. And as proof that he was never serious, he's just a game to him basically, right? Yeah, well, you have a theory. I don't agree with this theory, but.
Starting point is 00:50:56 My theory is that he was using the Twitter thing as cover to sell roughly $8 billion in Tesla options that we're about to expire. And because if he knows by now, it's always been the case that story rules everything. And having a story both on the way up and the way down, just if the Twitter stock story weren't part of the narrative and he just had to sell $8 billion worth of stock, it would have fucking tanked Tesla. I think he could still have to be part of the narrative without going this far, without
Starting point is 00:51:35 signing the deal, without doing all of this, right? And I think, I don't know. I'm like, you're giving him too much credit here. I think he was just kind of, I think he just realizes now that it's a bad deal. I mean, paying 44 billion for what is probably worth 18 or something like that. I think Twitter should be worth 200 billion. You think it should be worth 200 billion? I think that Twitter has so much untapped potential and so much that, yeah, so much value in there that they just have fucking drop the ball over the last decade.
Starting point is 00:52:08 Okay, but right now it's not worth that. True. Yeah, it could be worth more, but it's not. Right. So then going off of what you just said about these other publications, having just like Elon time, I think that that's exactly So Trump this week was talking shit on Elon on his true social. Oh yeah, didn't I say?
Starting point is 00:52:29 Cause I think he's worried that people are saying Elon's the new Trump. I think I don't think Trump cares that Elon is now the new Trump in the sense that he's getting all the media coverage because think about it. It was all Trump all the time. Whenever he would tweet, it was just everybody paid attention to what people think. Yeah, Kofi, Fee, whatever the fuck.
Starting point is 00:52:50 And now it's all Elon all the time. Whatever Elon says, it's headline news. That's it. I think Trump being smart as he is saw that like, oh, here's a way we can get people to sign up for true social. Let me like start a beef with Elon. Start talking shit to the other guy who's the main character of social media. Hmm, I think if Trump was smart, he would realize these guys are fucking aligned. And why?
Starting point is 00:53:19 I don't know, man, because it really, here's what Trump said if you missed it. Also, what? Elon has got nothing on Trump when it comes to posting. Oh yeah. Yeah. Yeah. He's learned from the master here. I mean, Elon's out there stealing memes from like teenagers on Reddit. Yeah.
Starting point is 00:53:35 Trump is just like he's on another planet. You can't even he posted this picture of Elon Musk in the in the oval office. Like this incredible. And the the the truth is not a tweet the truth says when elan musk came to the white house asking me for help on all of his many subsidized projects whether it's electric cars that don't drive long enough driver list cars that crash or rocket ships to nowhere without which subsidies he'd be worthless and telling me how he was a
Starting point is 00:54:03 big trump fan and Republican, I could have said drop to your knees and beg and he would have done it. So basically, do we have the full, there's more. There is. Oh yeah. Well, while you're pulling that up, I don't know, I think that Trump doesn't really care and doesn't, because like otherwise, why would he, why would he be starting beef with Elon, except to get people to sign
Starting point is 00:54:25 up to true social to see what he's going to say next about the guy who's essentially usurped his position as the main character. So as I could have said, drop to your knees and beg and he would have done it. Now, Elon should focus on getting himself out of the Twitter mess because he could owe $44 billion for something that's perhaps worthless. Also, lots of competition for electric cars. PS, why was Elon allowed to break the $15 million stock purchase barrier on Twitter without any reporting?
Starting point is 00:54:50 This is a very serious breach. We have, have fun, Elon. Go to it. Go to it? Oh, didn't he tag Jack? Yeah, he has Jack in there, too. Wait, is that a real picture of Jack standing next to him? Yeah.
Starting point is 00:55:06 And he has a... He looks like Peter Dinklage. He looks like a prisoner of war. So yeah, I think that it's just Trump trying to stir up drama like he always does because there's always an ulterior motive. And I really don't think that he cares that much. He just knows that what is the number one thing that I could talk about that's gonna drum up
Starting point is 00:55:28 some kind of attention. Oh, I think Trump is just trying to get attention. Well, and he knows through his career of being Mr. Drama that starting shit is the best way to go about doing stuff. But I find the most interesting thing now is what are people, what are people rooting for in this situation? Because what was the big freak out? Oh my God, one guy, I was pissed.
Starting point is 00:55:53 The richest guy in the world is gonna own Twitter where we all disseminate information and find out about stuff, right? But now people are weirdly rooting for the Delaware Chance Record to enforce the contract for specific performance to make Elon buy it. So it's a weird thing where people now all of a sudden are like, use, fuck them up, Delaware, and you're like, wait, wait, you didn't want this to happen. So where do you come out? Yeah. There was a former judge who was saying that, which is so fucked up,
Starting point is 00:56:32 she was saying, I don't think they'll get specific performance because I don't think they'll be able to get Elon to do it. What do you think? They think if they order Elon, you have to buy Twitter. Uh-huh. He'll just think that he order Elon you have to buy Twitter. Uh-huh He'll just think that he'll just go fuck off. Yeah, cuz what are you gonna do? So me right and that's really bad pay for that really bad precedent for the court So they'll maybe just get him to pay damages, which would be great. Yeah, cuz he can afford that
Starting point is 00:57:00 I think everyone wins there Good the amount of stock that he just sold around $8 billion, I believe, he can easily pay the $1 billion, like, no, no, no, no, no, no. Hopefully he has to pay the full price that he agreed upon. Right. Yeah, I don't know what they're gonna do.
Starting point is 00:57:14 Ah, yeah, yeah, yeah. Ah, yeah, yeah. But I want whatever the funniest thing to happen to. Yeah, yeah, well, I want him to shoot his pants and fall down a flight of stairs. That would be the funniest. I don't want him to get hers. I want him to get a little hurt I want him to get hurt enough to where he falls down the flight of stairs. No, no He falls down a flight of stairs his pants fall in the process revealing a full adult diaper It's just brimming. It's just to the brim was shit and piss and he's injured enough that he can't
Starting point is 00:57:44 cover up his, he can't spare his own decency. He's such a little shit. Oh God, yeah. He posts the stuff about, it's the stupid meme where he's like, I asked him how many bots, and they won't tell me, but now they're, they wanna go to court and in discovery,
Starting point is 00:57:59 they're gonna have to release how many bots. And it's like, everyone knows, you were saying the whole point you were buying it is to clean up bots. You said, oh, we're gonna clean up the fucking bot problem, right? Yeah. And it's like, everyone knows you were saying, the whole point you were buying it is to clean up bots. You said, oh, we're gonna clean up the fucking bot problem, right? Yeah. So how can you now say like, oh no, I didn't want it because of the bots.
Starting point is 00:58:12 It's like, you said that was the fucking reason. Yeah. You said Twitter has a huge problem. Yeah. I'm gonna buy it and fix it. I noticed a way that he talks, if you watch video of him, he does this thing where he, instead of using his top lip against his bottom lip, he uses his top teeth against his bottom lip.
Starting point is 00:58:29 So like this, Twitter has a bought problem, and I'm not going to purchase Twitter for $44 billion until, oh, they fix a bought problem. It's very subtle, but you get what I'm saying? I don't think I've watched that closely to understand, So, oh, oh, it clicks a bump, probably. It's very subtle, but you get what I'm saying. I don't think I've watched that closely to understand, but it sounded great. Like, piping into here, I was like,
Starting point is 00:58:53 Elon's in the room. Some happen to his face over the last 10 years where it looks like he's, what, surgery. No, it looks like he's got stung by hornets or something. That's often a side effect of plastic surgery. Base got all swollen up. Posse surgery. He's got to contact that Courtney Kardashians, Chloe Kardashians.
Starting point is 00:59:10 Why does he look good? She looks great. Good for suddenly we pivot to being a gossip right? But they all look so weird. They don't look natural. I know that's the whole thing too. It's weird that everybody knows that none of them look how they were born, but we're all just like,
Starting point is 00:59:28 yeah, but who cares? Right. What's the one, what's the daughter who, you never hear talk, but she's the richest one who made the lip. Kaylee. Kaylee. Kaylee?
Starting point is 00:59:42 Kaylee? Kaylee? Kaylee, Kaylee. Kaylee Kayle Kayle Kayle Kayle It's wild man and now she's a billionaire because of it because like people were like yes I want that face. No, I buy the lip shit. Yeah, yeah, that makes my face look like that the makeup Yeah, and now you got these these you go to the airport and you got these Kylie lip now I do feel like ATMs And you got these Kylie lip now. I do feel like ATMs The vaning machines. I feel like I just went to meet my new girlfriend's parents and she's like I'm gonna go help my mom The kitchen like talk to my dad in the kitchen
Starting point is 01:00:18 Go on You feel like you finish the point and now I'm just listening to him go and they got these lip fillers Oh the dad. I'm the dad. Yeah, yeah, yeah, no fucking my daughter, huh? Yeah, no, hey, you've been to an airport lately You see these Christy Jenna Kardashian ATMs What what are these things what are you buying lip gloss you buy in lip gloss and an ATM though? That's before you used to have to go to Sears.
Starting point is 01:00:46 You see Sears was a department store. And they're gone now. Can't go to see, please call me Dr. Mr. Khan. No, come, actually call me, call me Steve. Oh, Mike. Call me Brian. Which one is that which I always like that you call me Mike or Steve or Brian Well Christine said your name was yeah, but you could call me doctor Or you could call me
Starting point is 01:01:17 Dr. Brian Dr. Brian Oh Mr. Predator that's not Well, I missed a part of it. That's not what I do if I have a kid. Her dad's just, you know? I'm just gonna be, I'm just gonna fuck with the kid, the prom date or whatever. Just be like, you can call, I'm gonna talk like that. You can call me whatever you want.
Starting point is 01:01:34 Dad. You know what I love? Brian. The memes, like, the, you see him go viral of the, like, the dads who are proudly like, you know, guns don't people. Fuck. I'm not even gonna say anything. Yeah? Dads who are proudly like, you know, guns don't people. Fuck.
Starting point is 01:01:46 I'm not even gonna say anything. Yeah? Thank you for nothing. Yeah, no, no. Don't. Guns definitely don't people. We're gonna cut it. We're gonna cut it.
Starting point is 01:01:59 It's like it never happened. Guns don't people. People, people. Guns don't people people people Call me mr. Gun Yeah, yeah, I kill guns don't kill my daughter. I kill my daughter Guns don't kill people. Dads with daughters. Dads with guns with daughters or whatever.
Starting point is 01:02:29 Kill people. Yeah. God. It wasn't even worth it. No, but it's a good, you're right though, because it is, it's all encompassing. It shows that our society is so backwards and also led that was in paint and gasoline in the 80s had a marked effect on Brain development. Yeah, Jesus
Starting point is 01:02:50 Also, but mostly the point is like just I hate hard-ass guys who are like me too. Just be normal Yeah, it's be normal. You think I want to be here meeting you think I got I like doing this for play for play of buttering up you before I butter up your daughter eating your bad food No, hopefully it's good food in this theoretical situation We did that. I want to we got time since we only did one ad today. No, I'm just telling a wrap up We gotta talk about BMW Now we're the ad doesn't Yeah, but we're gonna go we could go. Oh, I got the cold open as well
Starting point is 01:03:24 I remember that we're gonna time up there. All going. We could go. Oh, we got the cold open as well. I remember that. We get rid of the time. All right, we're going to do it real quick. BMW is now the... What happened with BMW? BMW is making you, they're introducing subscription services for features on the car.
Starting point is 01:03:39 Most importantly, heat cedars, seat heaters. Seats don't heat people. She Jesus Christ, man. And it's micro transactions. And naturally, of course, the auto industry was going this way. That now you gotta pay for, you gotta subscribe to,
Starting point is 01:04:02 subscribe to air conditioning, huh? Look, there's only a- What's next? There's only so long you can stare over the at the airline industry with binoculars going they're getting away with everything. This is insane. Yeah. Until other companies are like, we can fucking do this.
Starting point is 01:04:17 Yeah. I remember the biggest perpetrator of the airline microtransactions was wow airlines, which came and went, because it was like, you can fly to Europe for $50. You gotta pay to go to the bathroom. You gotta pay to check your bag. You gotta pay for a carry on.
Starting point is 01:04:33 You gotta pay for food. You gotta pay for a blanket. You gotta pay for a fucking headphones. And now they've all done it. And fuck outta here. Everyone still makes fun of a spirit. Like, oh, I'd never fly a spirit. It's like, you're getting the same exact,
Starting point is 01:04:42 I'm flying Delta today. I'm going to see my dad. Yesterday for you, guys. Yeah, I'm not never flies, period. It's like, you're getting the same exact, I'm flying Delta today. I'm going to see my dad. Yesterday for you guys. Yeah, I'm not in the air anymore, but I don't get a fucking seat. I don't get any, they're like, you got to stand on the plane. No, I, but I can't pick one.
Starting point is 01:04:58 They're like, it's gonna be a hundred dollars extra. I don't get a bag, I don't get fucking anything. You just get to, I just have to show up and be like, please, I'm still surprised that they don't get a bag, I don't get fucking anything. You just get to, I just have to show up and be like, please. I'm still surprised that they don't do standing room seats, especially on like short haul flights. Yeah. Let me stand like on the bus or a train.
Starting point is 01:05:15 So let me hold on to a thing. You know what, it makes turbulence way more palatable. You're standing on the plane, it feels so less scary. It's like, oh, whoa, it's a little bumpy. Trust me, I was standing on that Emirates flight when I was naked in the bathroom. Oh, I saw. So coming to a car near you, no steering wheel. Yeah, you got to subscribe to unlock. Oh, you want to turn this thing? Yeah. Yeah, it's $5 a month. I fucked up. God Christ. I really, whoever invented micro-triens actions, I got a bone to pick with you. Oh God Christ. I really, whoever invented micro-transactions,
Starting point is 01:05:46 I got a bone to pick with you. Oh God, I used to buy Microsoft Office, and it was just mine, and then I could update it. I pay $7 a month. Did you know my little spreadsheet? Why do you pay, Google Docs is free, my man. My child, my son. For the functionality I need.
Starting point is 01:06:02 It does the same thing. It's a spreadsheet. Don't even get me started. You're paying for Bill Gates is a farms NGO I'm paying for him to monsanto everybody. Yeah, monsanto gosh Oh, well anyway, they're really they've got a gun now. Yeah, they're pointing a gun at us They're telling us to wrap up. I have to show Ben the picture of his asshole. Oh yeah, show me. Let's see this thing. I don't perfectly to scale.
Starting point is 01:06:33 Oh yeah, because there's a flat. I was going to say, what are those two lines? Oh, those are my legs, those two parallel lines. Those are my legs and there's just absolutely no ass definition whatsoever. Well, you're bent over. You're bent over. Yeah. Oh, I'm bent definition whatsoever. You're bent over. You're bent over. Yeah.
Starting point is 01:06:46 Oh, I'm bent over. Cause you're bent over. That is true, dover is my middle name. So join us in the after hours where we will be covering such things as Hunter Biden. We got some crypto stuff to talk about. Two, three hours capital, uh, Voyager. Uber document leak. What?
Starting point is 01:07:03 We're gonna talk about this shit. We didn't even get to that supposed was supposed to be a main episode. And there's gonna be that guy who's pissed off. There was one guy one time was like, you put crypto-corner in the after-ars? We didn't get around to it. Sorry. Yeah, we're doing two apps a week now.
Starting point is 01:07:16 Yeah, just for you. Yeah, Google what the news is, son? It's, just Google it. No, don't. The only place you can get the news is here, that's why you gotta go to a trillionaire Something that also we're gonna need more subscribers because apparently I'm having neurologic problems And it's not safe for me to live alone. It's the 5G if 5G's cooking our sperm. It's making our cums swim around in circles
Starting point is 01:07:43 It's going straight to my brain. Yeah, it's making it. It's replacing our blood with cums Okay, ow ow ow. Whoa, whoa, whoa, whoa, whoa, whoa Ow! Kill a pair of sweet sugar job, quit your pants So long everybody This week on After Hours You're talking to me, leave aliens to fuck. Oh I should have been booing. Yeah, that's me.
Starting point is 01:08:06 That's me. I don't g- I don't glean. Let me tell you how to get this ring. What ass pussy? Sign up on TMG Studios.tv to watch the full bonus episode.

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