The Trillionaire Mindset - 51: Saying Goodbye…

Episode Date: September 17, 2022

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Man my nipples are just you know one one problem that I've got tell me Even if it's hot out this oh you got hard nipped. Yeah, it's uh, I don't know what the issue is I don't know if it's the cotton rubbing against them. They're just so eager to get out and making appearance Yeah, plus it's cold in the studio. Cold in the dude. Cold in the stewed in the nips hard Yeah, plus it's cold in the studio. Cold in the dude. Cold in the dude in the nips hard. Yeah, man. Speaking of dudes. Yeah, this is your desk sticky at all. My desk and my chair.

No, it's sticky, it stinks like shit. Yeah, and there were fingernail. Finger nail clippings on my seat. I don't know if there were clippings or if people are biting. And I didn't realize it until I saw the new, the new... DMG has a new show. Right, foul tip, which is great.

But there's one little issue. They're using our desks and our chairs. And it's disgusting. It's disgusting. Zach and Walid, I think I've got Zachs. I've got Walid. Yeah, these little grimy, gremlins are, they're animals.

They don't know how to, you know, fucking, I don't know what their deal is, what they're doing. I don't know if they were eating something or what, but, jottle, mighty. Should we give them a call? Yeah, I'm kind of pissed off.

Let's fuck, why not? They're part of the family now. Can you give me, it's not too early for them, right? If it is, we gotta wake the rest up. Yeah, we gotta teach them a thing or two about in studio etiquette. We're sharing a space. You can't just, you can't just do that kind of thing.

Give it a once over so that it's not sticky. And also what was he drinking coke and spit it everywhere? What are you facing? Oh, I've got I've got Zach here. Let's see if wall lead picks up well You can't hear me got to put the you got to put the oh sorry. Maybe we should just do this audio. Where's wall lead? Where's your co-host? I don't live with him Oh here he is. Oh my god coming in What the fuck is going on over there? Oh, here he is. Oh my God. What the fuck is going on over there? What are we doing? You're just calling to wish us a good morning.

No, I'm calling to see what's going on with these desks and chairs. We got fingernail clippings. Yeah, what the fuck over there? You guys, yeah, I got fingernail clippings on my thing. It smells like shit and it's sticky. It's sticky. What are you in third grade? Wait, it's been, it bends on my Yes, yeah, okay, I was super nervous and asked what is like sitting in the chair so I'm a sweaty guy so No, Zach the milk on this while he's nail clippings just all the way over on the my shit

We were playing You guys ever play that that game in middle school or whatever you flick the piece of paper in between the thumbs like a field goal. Yeah That's what we were doing with our nails It's a segment of our podcast that we're sports guys. Have you guys listened to our episode yet? Yeah. It sports. Yeah, no, I got that. Everything's sticky.

Yeah. Did you guys spit on everything? There is a lot of stuff. The segment where the comjo will lead with the com and then. Oh, yeah. Where we stand on the desk and we come everywhere. Yeah. You guys used real com.

We're method actors. All right. Well, at least we got to the desk and we come everywhere. Yeah, you guys use real come. Jeez. We're method actors. All right. Well, at least we got to the bottom of it. Thanks, boys, but let this be a warning to you. Clean up. Are you guys staying for the rest of the time at the desk? Or are you guys moving?

Yeah, no, yeah, we're going to leave right now. We just started recording. We're actually going to take off. So. Last part, you guys so come over. Are you guys so coming over tonight? going to take off so sure yeah yeah yeah we're but I'm gonna get revenge on your couch if you've got one stick you up. What does that message say that I wrote for you on the desk what does it say? Read it out loud. Look under Jesus Christ for the audio listener Emil is looking under his desk for whatever message isn't there. I don't see it.

Oh, well, we got cleaned up. Anyways, this thing. Oh, that's great. Great timing. His audio is cutting out. And there's a little exclamation point on this. We lost them. We literally are pull never know all right hang up good goddamn Well, shares are just getting hammered this morning I can't even breathe space like this. No, no, no. I need it's disgusting in here I need my own space. What do you think is the solution? Just give me we need a final solution Well, I wouldn't say that. Yeah, sure. Give me a couple weeks to look into this. I Okay, I'm gonna be down in by the peers if you know what I'm saying. I'm gonna be looking for something

We talking column boat. Maybe Stay tuned. Maybe we'll see what I can dig up. We'll escape the surly bonds of this set instead of sharing it with those two hucksters. I can't be coming back knowing there's messages left for me. I'm in fourth period, math. Walid was in here before. Oh, hated that in high school and shit when the desk

would be all warm from the previous dipshit. God. That's such a ben complaint. Oh yeah, that was when my OCD was peak because I started becoming hyper aware of like, oh, there's other kids. What did you do when you lived in New York? Were you able to sit on the couch?

Oh, yeah, boy. Yeah, I would sit on the couch. No problem. What about when the seat was warm? Yeah, no problem. I wouldn't sit on any of the corner seats because I know that that's where you don't sit. I remember, you know how the seats,

the individual ones, the old ones, where it was like, it's like orange and brown in there. Yeah. And they had those dips in the seats. Sure. Well, I got on one morning and there was liquid in the seat. And so we were all like, ugh, and no one would sit on, even though it was a crowded train. And then some guy in a suit gets on,

just plopped down on and we're like, oh, and he's immediately like, what was it? What was it? And we're like, we don't know, man. We don't know. And we just got off at the next stop. Why didn't anybody warn the guy? He just got on so quickly and was like, ooh, a seat.

Yeah. Well folks, so I got some bad news. You know, normally right about this is the time that we do the disclaimer. And after hours, people knew about this last week. Yeah, that's what you get when you, that's the kind of exclusive you're getting. Right, but so we do have to say,

check the disclaimer in the description box, read that shit, you gotta click see more, but this is Glenn's last week. See more butts. You said it. Yeah, oh I did. It's Glenn's last week. So we wanted to give him a chance to say goodbye to us and

Goodbye to all of you and So here he is. We're connecting live with the man himself. Wow Glenn. How you doing Glenn? Is that a is that a better is that a zoom background? No actually I am In the office today. Oh boy. Look at that view. What where is the office? We're on downtown Manhattan. What floor are we on right now? The 23rd. Oh, third floor. Wow Michael Jordan's floor, huh? Yes. Oh, baby. What's that pin on you? Is that a pin or a logo on the shirt? It's a logo. This is actually one of my dad's old shirts.

I just brought it out today for the occasion. Ooh, wow. He'd be proud. What is that logo? Is it a sailboat? Yeah. I think this is in shirt from Nordstroms. Yeah, but what's the logo?

A sailboat? Yeah, it's a sailboat. Oh, I have proposed for the occasion. It actually has a little end on it for Nordstrom. Oh, Nordstrom brand. Yeah, wow, I didn't even know that they had that. Man, that shirt must be ancient. All right, so I said, that shirt must be ancient.

I didn't even think that Nordstrom had, well, again, it was my dad, so he's been gone 12 years. Totally. Yeah. So why don't you break the news to everybody? What's going on? Uh, well, well, I already did break it, but yeah, further, very sad to say that I am, uh, I've been leaving, uh, T3 tomorrow will be my last day.

Oh, boy. Uh, had another opportunity present itself that was too good, too good to turn down. Yeah. Uh, I, I, fuck, I should have had a joke lined up that was too good to turn down. Yeah, I fuck, I should have had a joke lined up that he's going to be, you know, the, the taste, the official taste tester of Briar's ice cream. There you go. There you go. So go ahead and say, even to be the official taste tester of Briar's ice cream. That is too good to do every flavor.

Yeah, baby. So you're abandoning us and leaving us with it. Well, I don't look at it like that because other than being your compliance officer for the last 51 episodes, I consider you guys my friends. Yes. I will never abandon you.

And you guys know that if you ever need a compliance opinion or a guest on the show or friend to talk to when your trading's not going so well Or we love it. Meal if you ever need to reach out to me for anything you guys know I'll always be there Yeah, thank you Glenn and I'll always be there for anybody in the audience who needs me as well. Wow There he is everybody and bingo as well Hello, we love bingo. So who's the new guy? Because I'm going to be giving a shout out to a new man. Yeah, the new guy, his name is Steven Pekowski.

Steven Steven Pekowski. That is one hell of a name. That is one compliance name if I ever heard one. Yeah, but you know, he he seems like a sharp guy. I've been training. That's why I'm in the office that I've been training him for the past few days. I think you he'll be almost as good as me. Oh, yeah.

Well, you set the bar very high, my friend. Big shoes to fill. Thank you. Thank you. Does he know about us? Yes, as a matter of fact, I introduced him to Ben yesterday. Oh, nice. We spoke on the phone, Breeze.

You said his name was Thomas last week. I know. Yeah, because Thomas was going to be originally what was supposed to happen is one of my colleagues. Yeah, I was going to do it, but my job was filled before I left. So I gave it to the new guy. So so Glenn, you'll be happy to know people, people love you so much when Glenn said it on last week's episode. There was a bunch of commenters who were like, they were already like, we hate

Thomas, we want Glenn and So guys we're gonna give Stephen a chance all right. We're gonna we're gonna We gotta give Stephen the opportunity to be our new compliance guy, but that's not to say that there won't be any hazing Well, we're gonna hate Steve. Yeah, we're gonna give him sorrlies and wedgies and stuff from Yeah, well, Glenn, we we love you. We appreciate you for for being a friend of the show for so long. And a pleasure, an absolute pleasure to be part of the show. I think you guys are terrific. I think you're destined for big things. Oh, we hope so much. Yeah, we only got one advertiser this week, but just because I am not

Going to be approving the show anymore. I will still be I'm going to sign up for TMG, and I'm gonna still be watching Yeah, baby brings it here to my eye. Hell yeah, I'm gonna bring I'm gonna stay with the Glenn heads and keep everybody Keep everybody watching. Good, good, good. Well, Glenn, we wish you the best of luck and we know that you're gonna be tremendous at your new job wherever that may be. And just while I'm gone, just the behavior self. I'll do my best, sir.

Tell everyone at the Breyer's factory, we said hello. Yeah. I'll send you some samples. Oh, fuck yeah. Cookies and cream for me. The stuff that I think is really good, I'll send to you guys. Thank you.

Great. Well, Glenn, have a good weekend. Thanks for having me, guys. I love you. Thanks, love you too, Glenn. There we go, everybody. There we go. Glenn, we're going to miss him. Love you too, Glent. There we go, everybody. There we go, it's Glent.

We're gonna miss him. Hardest working man and compliance. Hardest working man and compliance. Recording stop. Recording stop. Recording stop. There we are. Hey guys, we want to take a quick break to thank another sponsor of today's episode.

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clickup.com and use code trill hurry this offer in soon well we got a big episode for you this week there's a whole bunch of shit going on the rail workers are striking maybe like a hundred thousand of them because they they don't the train horns are too bad we don't know that's the problem everyone's like you gotta turn these god damn things down gotta turn them down and warn buffets like I'll never turn that fucking things down. You gotta turn them down. And Warren Buffett's like, I'll never turn that fucking horn down. I'll never turn it down. No, we actually, I mean, the bummer is that, so, you know,

go ahead do it tomorrow for us. No, tomorrow for us, yesterday for you. Yeah, it's not that hard, dude. But today, today for us, I imagine everything will be different tomorrow. Yes. When this actually comes out. Today for you.

The listener. Right. In the viewer. Today for you guys, in the viewer. Today for you will be very different than yesterday for us. No, today for us. Yes.

Because the White House, the Biden administration has already said that they've reached a tentative deal with the unions and But now rank and file has to vote on it and so they're already kind of celebrating but wait the Biden administration said that they reach a deal not to not to real words themselves Yeah, it's a tentative deal. They're oh yeah, so Bidens already for a little background info., there have been problems for months now, right? And so basically the Biden administration put together this thing, the presidential emergency board.

And they've been working with the unions and the railroads to reach a deal. Yeah. The PEB basically said, this is what we think you guys should do. The unions did not like it. They said, these terms don't do anything to address the things we're talking about. Because when you read and watch a lot of these union guys, what they're talking about, is yes, they'd like a little bit more money.

Railroads are making record profits throughout all this. And they're not seeing any of that. But a huge problem is the working conditions, quality of life stuff. They're on call 24-7. Right, no weekends are. Can't get a, yeah, don't get weekends. They can't get a day off to go to the doctor. If they do, they get punished.

There's this new attendance policy where if they do those things, they get docked. And none of those things were addressed in the PEB recommendation. And the bummer is, you know, we were looking at it this morning when we were driving in, they're calling, you know, they're congratulating themselves on this tentative deal, but it's impossible to...

Yeah, all the union people are saying is dog shit. Well, I guess the union heads agreed to it, but now it has to be voted on, but if you... By everyone in the union? Yeah, all the rank of founders have to vote. How does it pass? Is it a simple majority? Is it a two-thirty? I don't know. I don't know. And they're it's but so the the strike won't go until all the votes are tallied. So they have averted a strike for a little bit, but I mean, and that's the thing the

there's a sky. I think his name is Michael Lindsay. He's a he's a union guy who's been talking to a lot of the media. He's a leader. He was saying, even if they avert the strike and get a deal, it might have the same effect as a strike anyway because people will just leave the job. Because if these things aren't addressed, it's already happening a lot. There's a lot of people leaving the jobs. And the railroads have been cutting jobs.

I think since 2015, about 30% of the workforce has been cut Wow, and people can't live like this. Yeah, it's It's impossible. There's tons of complaints about the way it's going on, you know, and the rails have changed a lot, right? They They used to have much shorter trains and you'd be working with crews of four to five people The raises workers will receive as part of this deal will be the biggest ones They have received in more than four decades.

The railroad industry has said that average rail workers salaries were... Yeah, but I don't know if that's great because I think, yeah, that pay raise was gonna be part of it already. They were getting like a 24% raise, but... That's not all they want. They don't just want, oh, okay, well,

how much time off will workers get? The deal includes one additional, one additional paid leave day a year. Thank you, sir, may I have another, but Railroads also agreed to let workers take unpaid time off for doctor's appointments and medical procedures without being penalized under their attendance rules. The unpaid time off is a key concession that addressed

some of the union's concerns about working conditions. Under the current system at BNSF in Union Pacific, workers receive a set number of points and they lose points any time they take time off. If workers use up all their points, they can be disciplined or even fired. What the fuck? And look, keep reading. So this was a big thing. They keep, and this was one of the most frustrating things about reading the coverage of it.

In the New York Times and Washington Post, you really couldn't find out what the unions were asking for. They kept pointing to the fact that they had been offered more money, which they have. When you look at it, I think when you factor in inflation to that 24% pay raise, with inflation so high, I think it ends up being a pay cut at the end of the five years. And then they're also gonna be on the hook for more money out of their own check for the health insurance.

Workers will have to pay a larger share. They're health insurance cost, captive 15% of total cost to the insurance plan. So if health insurance, and it's a percentage, so if health insurance costs go way up, they're paying way more money. Already one union rejected a deal One's oh yeah, yeah, we knew about that

Stop saying um Shut the fuck up saying um too many time. I'm trying to figure out what the fuck's going on Screw it when did this come out by the way? This was 15 minutes ago 15 minutes What's that there's still no new there's I don't think there's any new news about whether or not 46 So strike is gonna go Josh funk is the Josh funk now you guys might be Thinking yourself. What do I fucking care if these railroder strike, right? Because you're not going to get your hamburgers on time. You might not. Everybody knows that burgers come on trains.

Burgers do? Yeah, everything comes on trains. I think 40%. I've read, is it 40% of... 30% of... 30% comes and then the rest is on trucks. Yeah. And then the rest is GrubHub.

Yeah. GrubHub and UberEats is where the... Are you talking about hamburgers only? Yeah, hamburgers. it's where it's where it's where it's where it's. Are you talking about hamburgers only? Yeah, hamburgers. Okay, I don't think it's 30% of hamburgers. Well, we're in hamburgers. We're in hamburgers.

We're in hamburgers. We're in hamburgers based economy. Sorry, I said, uh, sometimes I take a second to think. I also think it's your own auditory. Well, you sent me that thing about autism and how you can have, it's called misophonia, which I have. Yeah, and that's more of a sensitivity to, like, eating sounds and certain repetitive sets. Well, repetitive sounds can be, and...

Right, so maybe just, you know, relax. It's hard for me. I know, but... It's like being, it's like, you know, you put an autistic guy in the middle of a train yard, try to get him to fuck you. But it's hard for me when I have to talk on here and you're like, I can hear your breathing. And you're like, I'm not saying I can hear you breathing.

You've never complained about me taking a nap. There's a difference between complaining about someone breathing and just taking chronic, right in the middle of it. Chronic? Yeah, yeah, yeah. It's not chronic, you're right. It's not chronic, but it's, you know. Breathing in.

Whatever is one step below chronic. See, I tried to just... Clear my throat. The guy who burps into the mic consistently. Doesn't let me breathe. Listen, it doesn't let me breathe. You're right, but I'm trying. I gotta try.

That's all I can do is try to not burp. And I haven't been. Why don't you try to let me be myself and just trying to help improve the experience. Overall, even though literally no one has ever said anything. No one has ever said anything. But it's just like a common way people talk. But it drives me insane when people do that.

And then it makes it hard for me to focus. Well, I'm sorry, pal. So you might be asking yourself, what happens if the so oh, wait, I should send this in. This was a really great example of how far reaching this impact could be. So someone, I won't even send it in because it's going to take too long. I'll just read it. Yeah, there was basically this tweet, friend who works for the railroad, when I asked if they'll be okay, if the strike goes, and the friend responded,

my savings will last longer than the rest of the economy if we strike, meaning things are gonna shut down so quickly. Oh yeah, yeah. You should be more worried about the economy. And yourself, because they could be mass shortages. So the deadlock puts President Biden in a complicated position as a administration has taken pains to restore

and fortify the supply chain, which was deeply disrupted by the coronavirus pandemic, which we've talked about on end, things are starting to normalize a bit. We were just talking about how that backup of ships at the port has finally cleared. It's just finally cleared out, right? So disruption could be far reaching,

affecting a wide range of good. Trade groups representing the agricultural industry and manufacturers of consumer products said, disruptions would hurt their members and have called on Congress to intervene if necessary. A disruption of service would cost more than $2 billion per day in economic output. Idle thousands of trains and result in widespread product shortages and job losses of rail accounts for about 20% 28% of US freight movement second only into truckings nearly 40% So I wonder if this will lead to

Mm-hmm if they wanted to try to recover and use trucks, you know how many trucks they would need to cover the Yes, does it say yeah? I'm gonna guess 560,000 trucks. Honestly, really close. More than 460,000 additional trucks would be needed. Damn, I'm so close. But the problem is there are some things that are just too heavy to carry by truck. Right.

Like, like, there we go. Do it, go ahead. Like your mom. Nice. There it is. Like the McDonald's quarter pounder, too heavy. Too heavy, yeah. It's a quarter pound.

Yeah. Well, after they cook it, it's probably significantly less than a quarter pound. They make that sound so fucking big. A quarter pound is not that much. Give me about pound. Give me a half pound. Don't give me any.

I mean, don't give me that. Wasn't there a story of, because people are so stupid that they thought like someone was doing a half pound, but they they saw one, you know, one over two, and they thought they were like, well, that's smaller. I'll get the quarter pounder. Maybe I'm making that up. Man, no, that sounds perfectly correct. But yeah, I'm, I'm, it sucks because tomorrow this could all be, it could all be nothing. No, but it would still, it would still have a lasting impact on real work. I mean, we're already seeing it. Amtrak canceled all of their long distance, all their long distance trips.

Right. People stopped certain shipments of certain products already. And so, yeah, even if it's a very short strike, I mean, they were saying at a week, you see real damage in the US economy. $2 billion a day. A strike will mean reduce gas production and spoiled crops, choked off supply of new cars and empty shelves

of stores over the holidays, your commute may be snarled, factory workers, there could be temporary layoffs in the near future. Didn't Warren Buffett comment on this? Did he already... He owns one of the railways. BNSF, or Union Pacific. I think BNSF.

BNSF. Yeah, so hey Warren Buffett, you're about to die anyway. You're knocking on death's door. Just give him all of it. But this is the thing. You are watching the railroads look to the Biden administration and be like crush this like they're literally railroading them they're saying we would rather tank the u.s. economy

then give these motherfuckers weekends yeah then let these guys go to doctors appointments unpunished yeah it's uh... it it's really crazy to think about how yeah corporate greed and by the Biden administration may do it they really crazy to think about how, yeah, corporate greed, the Biden administration may do it. They may try to force this, um, yeah, because they can't afford another big L. They may try to force this contract down their throat. They'll probably, it wouldn't surprise me if they would do some kind of backdoor deal with the railroads, like, hey, give them the things and then we'll give you some kind of tax,

tax break or some shit. That'll probably be, that'll probably be what ends up happening. Is that sentence makes sense? That'll probably be what ends up happening. Yeah, it came out natural. Nice, thanks, dude. So, but I mean, it could be a loss either way. I mean, I don't, you know, Biden has been trying to be this

like pro worker guy, right? Yeah. When the Staten Island Amazon warehouse unionized, he was like, Amazon, we're coming for you. Which was very weird. Remember, he whispered it? Oh, yeah, yeah.

And, but he doesn't do much, you know, maybe he'll let his big dick hang here for a second. I don't know. Joe Biden's got a big dick. Yeah, I've seen it. I bet he's let his big dick hang here for a second. I don't mind. Joe Biden's got a big dick. Yeah, I've seen it. I bet he's got a big dick. You think so? Yeah, I bet his dick head looks exactly like his face, just a smaller little his head.

Hey, Jill, it's a time. Time for what? Time to have sex, Jill. So. But, I mean, this is all in the backdrop of inflation going up. Correct. In August, 0.1%. And this is not going to help prices come down.

No, no, sir, it is not. So, when we recorded last Wednesday, I mentioned, so yeah, that was last Wednesday we recorded because we did the Team G live thing on Thursday. And as of that Wednesday, you remember I mentioned that trend line that we were bouncing off of, just about to start bouncing off of. There's a key thing here. So I know we're kind of switching gears here to being a more trading oriented topic here. Well, let's talk about what happened real quick. Well, it does. It does.

So real fast, that was a good risk reward for profiting in the short term off of calls. So like, the fact that it didn't break that trend line, hey, boom, that's a good risk reward for me to go on the long side. But then after that, we had the Tuesday consumer price index, the CPI came in and it wasn't good. And the smart move was to use that rally

to kind of reduce its voter. Would you say that something was finally not priced in? Yeah, because everybody was, yeah, because everybody was anticipating, it was gonna drop. It was gonna go down by 0.1%. Yeah, it was supposed to drop and, it went up by 0.1%. Yeah, it was supposed to drop and... It went up by 0.1%.

But if you look at it this way, so we had four straight green days. We just rallied off of that trend line. So with that Tuesday data you knew was coming out, that was kind of a bad risk reward for further upside. And so we like reflexively dropped back. On Tuesday, we had one of the worst days ever. And so we're now, I think as of right now, recording this, we are breaking that trend line. And so that was kind of a fake out and follow through because the fake out was,

oh, it looked like we were going to break that trend line. We bounced. And then the follow through now is back down to the downside. We, the momentum totally reversed. And, uh, yeah, Tuesday had the S&P with its fifth largest day, uh, one point, one day point drop in its history of 177 points. And so a ton of shit was down. Every single tech stock was down. Every member of the NASDAQ 100 was down on Tuesday. Yeah, which is the first time that happened in a long time, right? Every, was

it 2008 or was it March 2020? It might have been both of those. I don't know. But Apple, well, it couldn't be both. It was the first time it happened since something. Oh, oh, I didn't see that stat. It might have been March 2020. That would make sense. But Apple lost $155 billion in market cap on Tuesday. So the amount that they lost in market cap was the amount that they lost was bigger than the entire total market cap of the bottom 450 companies in the S&P 500. Which is, that hurts my head to think about. Because I remember when Apple was a $155 billion company just outright. And for them to lose that much just in a single day and still be standing because they're what? Wait, they lost $155 billion in a day, which is more than the valuation of how many companies?

The bottom 450 companies in the S&P 500. The total value of those companies combined. I feel like kind of checks out. I mean, that's, I can't even, it's almost, yeah, it's almost incomprehensible to wrap your head around just how big that I think Apple is fucking gigantic. Yeah, and it pisses me off to think about. And who owns a large chunk of it?

Who? One of them? Yeah. Does he? Mr. Laroid, doesn't he? I want to say he reduced his exposure to it. But yeah, the CPI increase was due to food, shelter, and medical care services, which offset the decline in gas,

which I guess is what everybody was thinking was gonna lead to the drop in it. But so the CPI, the reason why everybody reacted that way is because it means we're not out of the woods yet and it means that the fed is gonna have to continue being super aggressive in there. Yeah, they were saying 75 basis points, but now people are fucking screaming. They were like, give us a hundred. Yeah, give us 1% give us a hundred.

Yeah, and it's so fucking it's so hard to trust the Fed now because I mean, when you look at their reaction to COVID, it was there's not going to be inflation. Then it was like there's going to be a little bit of inflation. Then, you know, it was, it's, there is inflation, but it's transitory. And then it got out of control. So they've kind of cried wolf so much that they're messaging just kind of, you can't trust them. And now they're, so now with their soft landing thing, they've gone from, oh, we're looking for a soft landing to soft dish landing, and now they're saying, oh, there's gonna be pain for consumers and businesses,

so it's kind of shitty. But the message, there'll be a landing. Yeah, we just can't say if it's gonna be upside down or on the side. So the message is now clear that they're gonna be tight on policy even when inflation starts to slow. Right. So it's just like they were late to the game to tighten policy. They might also be on the other side of that.

They might be late to loosen up once inflation starts to slow. Which could be really bad. I don't know if you... Did you see the thing where... So, the Fed's own economists are warning that they could cause a severe recession if they keep going like this. And they... It's actually really interesting because... How many times have you heard about Paul Volker throughout all this? beds, own economists are warning that they could cause a severe recession if they keep going like this. And it's actually really interesting because how many times have you heard about Paul Volker

throughout all this? Oh, so many. And everybody's obsessed with that tall motherfucker. Tall Paul, maybe. Paul Paul, six foot seven or whatever. But what this study by the Fed's own economist is talking about is the depression of 1920. And they, they point in 20. Yeah, not 29. No, there was one in 20. So

they point to a lot of similarities, right? They're coming out of a war, influenza, the Spanish flu, all these things, right? And they think it's going to be very similar to that. Let me see if I can find some of what they're talking about. Oh, yeah, this is from the intercept. Ken Climpett's dean found it, but no one's talking about this. The study published July 27th by the Federal Reserve Board of Governors looks at the depression of 1920, the circumstances of which are eerily similar to today, the Federal Reserve Board, the main governing body of the Fed, has over 400 economists who conduct research for consideration by other economists. So the US had just come out of a pandemic, the Spanish flu that killed 657,000 Americans.

Since many of those who died were workers, this meant that there were more job openings than workers to fill them. Sounds familiar. Yeah, granting the surviving workers, granting the surviving worker workers more bargaining power. A tight labor market naturally led to high unemployment and raising real wages. Like today, consumer spending was also recovering then because of World War I had ended now

because the disruptive effects of the coronavirus pandemic are wearing off despite the strong job market. Inflation was also relatively high and for similar reasons. At the end of World War I, the United States was experiencing strong growth and unruly inflation driven in part by an expansionary fiscal policy and an accommodative monetary policy.

Sounds familiar, right? When the Fed's aggressive policy in 1920 did succeed in tamping down inflation, the study found that it also had a devastating effect on workers. In 1920, the Federal Reserve banks hiked their discount rates to tame inflation and the U.S. economy entered a severe recession now known as the Depression of 1920. And this is not, they're not totally against hiking rates. I think they're against how rapidly they're hiking. I want to see this right here, asked how the Fed squares its rate hikes with the contrary

findings of its own study. The spokesperson for the Fed Board of Governors pointed to a disclaimer on the study that states, quote, the analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. So basically this is just this one guy kind of going rogue, which kind of sucks. He's saying that, yeah, I am part of the Fed. I'm one of the Fed economists, but what I'm finding, it's kind of shitty, he's throwing himself

under the bus kind of thing. Well, I think he has to, I mean, he can't say, I speak for the entirety of the Fed. Yeah. So the authors of the study aren't opposed to Fed interest rate hikes. Yeah, that's what I was just saying. So they caution against using rate hikes

in rapid succession as the Fed is currently doing, due to the delay it takes the economic offense effects of rate hikes to register. Right, so what you're talking about, where they're just going to the delay, it takes the economic offense effects of rate hikes to register. Right, so what you're talking about where they're just going to keep hiking. Yeah. Even as things start to cool, that's when they can just really fuck us and throw us into a tailspin. Yeah, because they, in December of 1919, is when they first started really hiking them

and it wouldn't be until the recession started in 1920 and lasted until 1921. And then everything was fine till then. Yeah, everything, nothing happened. Everything, great. 1929, nothing happened. Everything was good. Nothing good. Up until a couple of years ago.

Everything was great. Yeah, nothing in the 40s, late 30s, you know. But yeah, it's interesting, because everyone points to this historical precedent of the 1980s and It's interesting to see one of these and it goes back to my first what was that? I was just pulling out here because I haven't washed my hair in a few days and when I do that I shed a little bit Yeah, but you kind of looked at your well because I was seeing how much hair was in my fingers

I'm doing my fingers because my hair is so fucking thick. It's just I'm just shed constantly, but Because my hair is so fucking thick. It's just, I'm just shed constantly. But that's one of the annoying things about this inflation thing, because it's been put solely in the lap of the Fed to fix it when they don't have the tools, they only have so many tools. It's like going up to a car with a screwdriver and a wrench and trying to fix

an oil. You can use screwdriver and a wrench. I'll fix anything on that. And duct tape. D duct tape. Don't they say what if you can't fix it with duct tape and WD40? You're not a man. Who says that? Who says that? Who says that? I don't know. Fucking. J-Powell probably says that shit. J-Powell is so excited to do 100 basis points. At this point, I'm like, just fucking do it. Yeah. You poxy bitch. You know who? If I see you on the street, Jay Pauro.

You're fucking dead, pal. Pauro. Yeah. Pauro, what's a Pauro bitch? Pauro is like an adjective itself. Yeah, but what is someone who's Pauro? Like cowardly. I've never heard that.

Google Pauro. I believe you. Well, I want to give the listener a little bit you spell it? P-o-x-y? Yeah. Oh, peak. Yeah, Poxy definition. No, that's E-Poxy. E-Poxy is the adhesive. Having little value. Cool. Not important. You know who chimed in on inflation was Cardi B. No, nothing Cardi B.

How'd she feel? She's pro or whatever. We want to get her on the show. By the way, is she pro or anti-inflation? She is anti-inflation. But guys, if you have any ideas for what shows we should go on. No, let us know so we can go try to weasel our way on to other shows.

Speaking of which, but so here's Cardi B talking about inflation a little. Whoa, this is five minutes. Yeah, we're not gonna listen to all of that. I've been helping so many people for so many years. I never have helped out so many people for the past seven, eight months, and I remember something, right? Let me tell you something.

A couple of months ago, I was talking to you for your music. A cousin getting an something, right? Let me tell you something. A couple of months ago, I was thinking of tapping a few for your music. A cousin getting an apartment, right? It's kind of excessive. And now I'm hoping somebody else get an apartment. Bro, I was looking at some areas, the way that the prices sort up, the way that the prices sort up because I'm guessing they're,

look at that. Even though motherfucking inventory, when it comes to homes, they're selling right now. Nobody's even trying to sell their fucking homes. So everybody's like, yo, when the interest rate is good, that it's high, that's great because people have to fucking sell their home for less. So you could buy a home for less.

And it's like, bitch, it doesn't matter if the interest rate is mother fucking high as fuck. And actually, bitch, it's not even inventory, that's one. But that's another, that's another. It doesn't matter if the interest rate is motherfucking high as fuck Actually, they just not even inventory that's one, but that's another that's really no I'm gonna talk about the fact that the fucking rent The rent I'm talking about buying house now. I'm going back to rent like how are people surviving? I want to know I want to know too. I you know like my family and my friends They're so grateful to have me. Yeah, but it's just like Yo, what happened to people that don't have a me. Yeah, what happened to people that don't have a gritty be

I don't have a new card. I don't have a I just read some shit that like love to get your number Britain and LA they're gonna start having more blackouts because bring out a paid double the price when it comes to electricity It's true dude. How long are we going to watch this? Call it E.B. I think that people was coming at me every single time that we saying there's something bad in the economy is happening. I just like listening to the word.

Well, you were the one that told people to vote for Joe Biden. But this is the thing, right? After the pandemic, I knew that this year was going to happen. I knew we were going to have a financial crisis. And the thing about it is that we're going to have a financial crisis. Why don't you let us know? Oh, no, bro, we're all, you should have said that. I'm a $1 million public.

I don't see it in the comments. All right, can we turn it off? We're gonna have bad inflation. Like, you should have tossed that in and fucking whopped, man, what were you doing? She was too busy, uh... Too busy, uh, who's he? Wapping. Pissing Ben Shapiro off with her wet-s pussy.

Ben Shapiro is, can you find his tweet about the railroad workers? What did he have to say oh what the fuck did he have to say? Yeah, you'll see oh God Is it gonna be some kind of gender joke? Oh, why are they waiting for the trains to pick their gender? No, it's just so these right wing guys always it's always the altrights, it always positions itself as they are looking up for the little man and the big everyone is trying to screw you, except for us. So he says, I guess he's commenting on the tentative deal. The entire democratic union strategy is number one, the union spend billions to get Democrats elected.

Number two, unions threaten to strike in advance of an election. He's talking about the midterms. Three Democrats force through an absolute sweetheart deal for unions declare victory. And there's an asterisk there. And he says the asterisk, the asterisk is you pay for it. I love that also he's talking about an absolute sweetheart deal which is maybe being able to go to the doctor. Yeah and not get paid for it but just not get penalized. Oh yeah yeah. This is unpaid leave. Yeah. But you suck my dick. You can go to the doctor

and we won't fucking we won't penalize you. Yeah. Suck my dick Ben Shapiro. You fucking you little shit you little worm. These guys are all such worms because they they they are very Anti-corporations in in almost every aspect of everything there, but they're not really but then they're not Yeah, then they're like oh what what you can't just let corporations run them up and do their thing What that's the free market economy, but also at the same time corporations are evil and they control everything Make up your fucking mind. Right, I mean, this is a perfect opportunity to talk about corporate power in the railroad industry.

I mean, it's all been consolidated into like four major companies. Yeah. You know, they've slowly financialized the whole thing, turning it into longer and longer. The precision scheduled railroading thing, it's like, you know, this just-in-time shipping bullshit where it's like, everything's gotta be as quick as possible, cutting the workforce so you're paying less people.

Yeah. I, these people are so, they don't have, they don't have an actual point of view. They just have, they just have whatever is anti, even just, just left of center, just whatever they can keep making these kind of talking points to rile up their base because without them, they don't have any viewers or listeners or people. I don't get how this... Yeah, no, that's totally what happens every time. The unions always get Democrats elected, then unions always threaten to strike in advance of an election. I'd like to see the data on this. But I mean, I'm sure that

there's plenty of data to back this up. I just can't imagine his, you know, base of his audience is like, yeah, fuck them. Like, well, that's the thing. He's telling them you're paying for it somehow. You are paying for it. And the thing is, we always are paying for this shit because like, when you're talking about disrupt somehow. You are paying for it. And the thing is, we always are paying for this shit. Cause like, when you're talking about disruptions, this is stuff we were talking about with David Dayan. Like, this stuff already happens. They're spending all their money on fucking stock buybacks

rather than track maintenance, rather than, you know, having more people on the cruise. So, you know, when something goes wrong, it's not a huge delay. You're already gonna see these things no matter what. You know, we are paying for it Yeah, yeah It's it's interesting that it is never ever ever ever the fault of companies and corporations

It is always the Democrat unions the greedy unions that cat union the fat cat unions the fat cat teachers and shit that That just want oh, I love when they do that the Teacher you need to teach us. Oh, yes, Jesus Christ. Oh my god. Oh, I love when they do that. The fucking teacher. Oh, yes. Jesus Christ. Oh my God, yeah, these people, they're... How much longer will we bend the knees to teachers? Ben Shapiro's Yamaka that he always wears must be controlled by some kind of parasite

that's plugged into his brain and it's just in there just controlling it. How much longer will these allow these greedy teachers? They would, they would, they would, they're grubby little hands. But if we went back to like the triangle shirt waist factory fire, they would find a way to blame it on, on more. Well, so now they're gonna, this poor company

is gonna lose out on like 5% margins, 5% more of their margins are gonna get eaten into because these, what? Because there was an accident? What? Because they locked the doors of the- Right. Maybe if these employees were a bit more obedient,

they wouldn't have to lock the doors. Yeah, maybe if they didn't need as much sleep to do the job, whatever the fuck happened, I don't remember, what happened? They locked the doors in the triangle shirt waist factory. And there was a fire that couldn't get out, man. What the fuck is. I don't remember what what happened they locked the doors in the triangle shirt waste factory There's a fire. Yeah, I couldn't get out man What the fuck is a shirt waste? Oh come on man. You don't know a shirt waste. No, I don't either with the fuck Is it like a man blouse?

I don't know a blouse is just a shirt. Can we stop calling it that? Get the fuck out of here. All right, it's different Yeah, you're right. It is it's more flowy. Well the last time you wore a suit I don't remember but I got to get one for a wedding. I got one too. And in November. Fuck. God damn it. All right, what else do we have on the diet? We got a couple other things here.

Oh, we got a lot of shit. Oh, man. So, did you see the news just came out today? Adobe bought Figma for just, it said 20 billion, but then I see, every time I see it, I think it's a Ligma joke. Well, that was kidding. Yeah. I was giving it to you, but F I see every time I see it, I think it's a ligma joke. Well, that was kidding. Yeah, I was giving it to you, but Figma, Figma balls. Figma, Figma.

Figma, Figma. I don't know, man. But I don't even know what the fuck Figma does, but apparently it was enough to warrant an eight, I think it was just over $18 billion, Adobe bought them for. Adobe to acquire, yeah, in deal worth, yeah, I guess it's $20 billion.

In cash and stock, it's a design platform. You couldn't bother to click the link? Well, it was right as I was going out the door, man. But you were like, this is so important. I need to put the link in. Look at this shit. Figma was first founded just 10 years ago by these guys. Good for them.

Yeah, happy for him. Thousands of designers and developers that Microsoft rely on Figma every day to build office, windows and more. What the fuck does it do? Can we talk about Patagonia? Yeah, well, absolutely. Patagon.

Patagonia. I'm sure a lot of people have heard, but the founder and former owner and his family are giving away the company. Are they keeping any, like, I'm sure that they've been taking money? So they are putting it in a trust to ensure that all of the profits, which I think is, they're getting a hundred million bucks a year. It's gonna go to fight climate change. Good. This guy rocks, did you read the article? No.

He's like so cool, he's like, he seems cool. He was getting pissed that he was showing up on the Forbes list of billionaires. And he was like, I don't wanna fucking be on this. Like, we need to figure out, like, he's like, I don't wanna be a fucking billionaire, I don't want this fucking money. Yeah, he lives in I guess he lives in Ventura and Jackson Wyoming. Wow And pretty modest homes, but oh so oh, huh two homes

Yeah, real real liberal Nice, it's him doing bench beer or something But I also found this really funny. So he's trying to prove that he's not like a big fancy guy, right? And he's like, I was in Forbes magazine listed as a billionaire, which really, really pissed me off. And he goes, I don't have a billion dollars in the bank. I don't drive Lexices.

And I love this billionaire that the fanciest car he could think of as a Lexus. Yeah. They're nice cars, they'll give me a rock. Yeah. Toyota's luxury model car. I wouldn't drive Lexices. Yeah. I wonder what he does drive. Volvo probably. You think? Yeah, Toyota's luxury model car. I don't drive Lexus's. Yeah, I wonder what he does drive. Volvo probably.

You think? Yeah, maybe. Absolutely legendary move. They also talk, so one other guy has done something similar. Oh, that one billionaire guy who gave it all away. Yeah, but you know what, he gave it away for? What? He basically did the same thing.

He set up trusts for it to all go to causes. Uh-huh. But it was to fight, like he doesn't want any action to be taking on climate change. No. Are you talking about the guy who made it all go away except for $3 million? That guy?

Who gave away his entire fortune except for $3 million? I don't know, but this guy is, he's, it's so it's offsetting this guy. Basically, how it only. I mean, not really because not taking climate on action change, that side has already been killed. You just said not taking climate on action change. Did I really?

Yeah, that's fun. You mean not taking action on climate change? Not taking action on that side. That side of the argument has been, they've been crushing it. I don't know if you've noticed, but. I don't understand what goes through the brains of the people. Look, even if, even if it were a question of whether or not it's happening, wouldn't you wanna just take the,

be on the cautious side? Wouldn't you wanna take that, just like, hey, let's err on the side of caution here, because on the one hand, we would destroy the environment, destroy the world, leading to billions of people like being climate refugees and starvation and all this shit for what? So oil companies can profit more?

Like what, what do you get out of it? We get shit not letting, you fucking idiot, what do you get out of it? We get shit, you fucking idiot. What are you getting out of it? We're not letting China kick our asses, right? Cause if we do it, and then China doesn't take all these things into account, they just, you know, they kick our asses economically cause we are spending all this money in.

Cause that's all that matters at the end of the day, right? Of course. Have you not, have you not get to profit? Have you learned nothing? God damn, we pray to the people. Around here we pray to the dollar, you fucking hippie. Yeah. God, it makes me so mad.

But it is funny, the New York Times could not help themselves at the end of the article. Mm-hmm. What did they say? No, it's just funny that they, it doesn't need to be in there at all. It's like this nice story about, you know, it's this funny that they, it doesn't need to be in there at all. It's like this nice story about, it's this guy's choice, whatever.

What'd they call him a hippie? No, also he smells. Some experts cautioned that without the, and I don't know how to say the name, Chenard, without the Chenard family having a financial stake in Patagonia, the company and the related entities could lose their focus. While the children remain on Patagonia's

payroll and the elder chanards have enough to live comfortably on, the company will no longer be distributing any profits to the family. And then they have a quote here from executive director of the Northeastern University Center for Family Business. What makes capitalism so successful is that there's motivation to succeed. If you take all the financial incentives away The family will have essentially no more interest in it except a longing for the good old days And I just love that this guy can't uh, yeah, you can't have that as a motivator. He can't see Someone doing anything outside of a profit motive. Yeah. Yeah, no kidding. Yeah, that's a that's a great mindset to have

Yeah, I agree with him. Dan, do you? If we take these guys' profit incentive away, they'll just sit around on their asses. Speaking of profit incentives, a couple of things I wanted to cover here that I found very, very interesting. I guess we'll do the car thing first. First and foremost, I'm seeing a lot more Tesla,

anti-Tesla stuff like on my TikTok page. There was a guy lot more Tesla, anti-Tesla stuff, like on my TikTok page. There was a guy who's Tesla, he just bought it like a couple weeks ago, and the battery died. And the battery was going to cost like 26 grand to replace. And now he's completely locked out of the car. He can't even, he can't like open it. He can't do anything with it. And apparently when it rains, or no, no, no, sorry.

The condensation or something from the air conditioner, I don't know if this is correct, but he said that it drains onto the battery, which led to the battery dying, but because that occurred, like that occurred within the warranty period, but then the death of the battery occurred thereafter, and so he's not covered.

So he's just got this lemon of a car that he can't do anything with. And he was saying, do not buy Tesla, Tesla sucks. And then you had the new FSD, the self driving, the self driving update come out, and it's just terrible. There's a lot of people, it's worse. Now it tries to kill kids. Yeah. And it's remarkable to me.

I wonder when it's gonna finally reach the point where people don't wanna scramble to buy a Tesla. And it's like, I feel like we might be reaching that point here domestically, but internationally, that's still, the message isn't out there. Like people, really? I feel like internationally, though they that point here domestically, but internationally, that's still the message isn't out there. Like people... Really? I feel like internationally, they're probably gonna have a harder time.

They have... Like everyone's driving those BMW, what is it? The I3? Oh, yeah. And the Volkswagen's and, you know, Hyundai's got those... The F-ionic? Oh, yeah, the I-ionic. Those things are cool.

They're very cool looking. Internationally, they have... And China, they've got... I think they're very cool. Yeah, the Ionic. Those things are cool. They're very cool looking. Internationally, they have, and China, they've got, Lee, Neo, Xpev. Yeah, there's one more too. But yeah, there's a ton of, there's a ton of off. But I feel like those, we were slower, you know,

it feels like GM Ford, all these American automakers finally just started making that push. Riveon just came out. They're also heavy as fuck. Dude, they're so heavy. Have you seen the Hummer? Yes, the Hummer weighs 9,000 pounds.

We're so fucking stupid. Oh yeah. It's the most American thing. They're like, yeah, fine, we'll do it. But we're going to be fat as fuck. It's going to be a BbW car. It's going to be dangerous. Yeah. It's going to fucking, it's going to be horrible to charge. It's gonna be a BbW car. It's gonna be dangerous. Yeah.

It's gonna fucking, it's gonna be horrible to charge. It's not gonna hold the charge. Yeah. It's psycho. Well, so GM, I saw this, it kind of like, I don't understand it. So they've got an autonomous driving unit called Crews. They're developing their own chips for self-driving cars

to be deployed by 2025. They're developing their own chips because Nvidia was their chip supplier, but they they were doing so little volume. They weren't able to negotiate a good enough deal with them. So they said, all right, fuck it. We're going to do our own chips. And these chips are going to power their origin vehicle that has no pedals or steering wheel. So not only are they foisting the EVs on us, but they're also really making it like, nah, autonomous vehicles are gonna be the thing. Like, okay, cool.

I guess that's fucking, that's just, okay. No, no, no, no. By all means, don't do good infrastructure. Don't do good public transportation. Give us big, heavy steering wheel and gas pedal lists cars. We're never gonna see our dream. We're never gonna see it man We're just gonna see we're just gonna I fucking hate this place. It all could have been so cool It all could have been so good and so cool. It also pisses people need to stop putting on Twitter as much as I love it for one second I just get heartbroken because it's never gonna happen, but people love

I love it for one second. I just get heartbroken because it's never gonna happen, but people love taking the rails they've put in China recently. Oh yeah, comparing it to how long it would take to say get from New York to Chicago. Yeah, and it's like, if we started doing that, you could get from New York to Chicago without ever stepping foot in an airport in two and a half hours. And you're like, shut the fuck up!

Yeah, it's not gonna happen. I know! Yeah. Well first I gotta do a feasibility study that would take five years and you know cost 20 billion dollars. I know we're gonna give the contract to the worst most offensive private company we've ever encountered. Yeah. Jesus Christ.

I'm just... And then after 10 years we're gonna find out they never built a single track. Yeah, I know. I fucking hate it here. I hate it here so much. But we shouldn't be so pessimistic. Oh, yeah. No, there's so much to be optimistic about. We can do it. Yeah. We can. We just have to hope that enough people in Congress die. Yeah. As long as we let our grandparents stop running the country into the ground,

great grandparents at this point. Truly. Jesus. All right, well the last. Some of them, you know, got a shout out the king because we're talking about the railroads. Wordmuffet. No.

Charlemunger. Bernie Sanders. Oh, Bernie Sambo. The Republicans tried to push through a resolution late yesterday in the afternoon to say that the unions had to adopt the PEP resolution. Bernie Sanders stepped up. They don't have to adopt any kind of resolution. I can't do it, I should.

That wasn't bad. Yeah, I used to be able to do it better, but that feels like one of those impressions that everybody can do, so I don't even bother. Hillary Clinton is a bitch. He should have just went for that, because it's like, yeah, honestly, just say it. He would, he'd win.

But he just said, Hillary Clinton, I'm just gonna say it. She's a rotten bitch. She's a bitch. There it is. Hillary Clinton, I'm just gonna say it. She's a rotten bitch, she's a bitch. There it is, Hillary Clinton is a bitch. She fought constantly. She leaves Dudu stains in her underwear, and this country would be ashamed to have her as president. Thank you.

But the way the media covered it anyway, it was like he was doing that that So he should just went for it. He should have just said it. He could have just been Trump Donald Trump Is a bitch and actually what are in sick if he if he just started talking on everybody? Yeah, calling them bitch Pete Buttigieg he's a bitch. Yeah, absolute bitch judge. He's a bitch. Yeah. Absolute bitch. Biddle rock can't actually skate. He's a bitch. I see them try a kickflip.

He can't do it. Amy Klobuchar. Amy Klobuchar. You know, she's a nice lady. No, she's at the end of the day. A bitch. Hair hair comb throwing bitch. Hair comb throwing. Oh, man, the

they were combed. Yeah, her staffers came out and said she was like the meanest. Yeah. And she would throw her combs at people. Wow Wait, the before we ran out of time There was one bit of news that I that I wanted to put in earlier in the thing because I feel like it is a fun interesting thing Is how Netflix is so the news came out that we obviously know that they're doing the ad tier but they are expecting about forty million people to sign up for the ad tier i don't know where the fuck they get that figure but i i might be one of them because i'm not paying eighteen

dollars or whatever for the shit but yeah i'll pay nine bucks to sit through a commercial i don't give a shit but so they are also reportedly moving away from the binge model, which is really kind of a big deal to me. And I bought some cool... It took a big deal to you? Yeah, well as a trader, because I bought some long dated call options for next October, because you know, the stock has just been absolutely fucking decimated and has come back all the way down. I think back to its 2020 low. And so I think that they could surprise to the upside because getting rid of the binge model, think about this.

We talked about it yesterday on the brainstorm. If people, if say I'm a person who only wants to watch Stranger Things and then... You're a person that only watches one flux thing. watch Stranger Things and then I did get Netflix to watch some show. I don't know you remember what the fuck it was. A couple, it might have been Ozark and I got Netflix for just a couple weeks just to watch all of Ozark and then I canceled. But if this non-bidden, if they were doing it where they release it once a week, I'd be inclined to keep Netflix for longer. Or just wait till the whole show comes out.

Fuck you, dude. Wow, fuck. The sea now that would be smart, but I'm not smart. So I would be like, okay, I got to get Netflix for a couple of months. Damn, they got me. Well, oh, here's a new one this week. Okay, cool. I guess I'm watching Netflix today. I can see you had that whole thing worked out, but didn't see.

But if I'm, if I'm an idiot, and if everybody else is an idiot, which they are, I mean, this is the United States of America, this could really help their subscriber numbers and air go, their revenues. People are stupid. Yeah, people, not our listeners though. Our listeners are,

our listeners are the smarter ones. The viewers, dumb as rocks. You you think so because they need a visual Yeah, sometimes I will be listening to do you watch stuff with subtitles? Absolutely, right time because I can't and I'll be listening to a podcast while I'm driving or something and I'm like I Wish there was somehow subtitles on this spot. Yeah, I was like, can you fucking... See, can't fucking keep up. See, I can't... I don't know if it's because our comprehension skills are lacking.

Wait, dude, where I'm watching something, I'm like, what the saying stuff, I get it, but I don't get it. I tried, I got audible for when I moved to LA because I was like, well, I'll be driving a lot more and I won't be able to read, like I used to read on the subway all the time. So maybe now I'll read books by listening to them.

It's possible. Did it for one book? And I was like, I have no idea what, what was that book about? You just are driving and you like space out. And I guess I was like 30 pages, but I don't. What gets me is I, you know, I start to hone in on the speakers audio or whatever you call

the dude. See, this is what happens when I don't have breakfast before I come because sometimes I'm like, if I have breakfast, I'm going to crash and I'm going to be tired. But if I don't, I'm going to be all wired, but then my vocabulary is lacking. I can't think of the word. What's going on in this like fickle little system you have? You're... I mean, I have stomach bacteria.

You constantly are texting me like, I'm... I've took this out of my diet and it makes my brain go a little, and it's like... Darn it. Something's wrong. I need to see a nutritionist. What was the point you were trying to make? I was trying to make the point that I pick up on their nuances, their verbal cadences.

Oh, no, you don't say. Yeah. And it drives me nuts. And I'm like, oh, this person says they speak a certain way. And yeah, I listen to this one finance audio book. And this guy, it was impossible to listen to. I listen to the whole thing. But then it's like you with me

You're not that bad. You just say I'm a lot and and the same way every time that's what gets just me thinking It's just the wheels are turning. I like to get it before I say something wait scroll up just a little bit, please I got nothing. What am I scroll? No, no, the up here. Oh, oh, I just I thought it was interesting the Tim Apple, who, you know, we talked about the green bubbles, the green text bubbles and some Android 11. Oh, yeah, yeah. He tried to push him on the whole, you know, join in and let Android have the nice text in. And Tim Apple said, oh, why don't you just

buy your mom an iPhone then? Yeah, you don't want to put a thousand songs in her pocket Yeah, yeah, you don't want the green bubbles do that wait and then one more thing that I thought was funny I saw that met I know we got to go to after hours. I know you're making it bigger. I see I Want to say I just thought it was funny This is not gonna be I cannot like that. believe it. I said that for the last three things, I just thought it was funny. That Dude, Meta's stock is back to the 2020 lows. You know, when COVID and everything dropped, it's back down to those lows.

It gave it all that maybe. That's why he's been doing those fucking more tight ideas. So when his workers try to overthrow him and he's ready to fight. Bangs head against the fucking ground Yeah, and I guess there was an internal thing that would be cool. I'm gonna try to get a job at met him be like Come on, we should all let's all kill him I'll be working in you know, he's probably got bodyguards. Do you think he's got bodyguards with them? Come on. He's up there

Do you think he's got bodyguards with them all? Come on, he's up there. He sure. Can't stop 20 of us. I saw the kickboxing video too, but there's so many of us. Also, he's a dork. He's practicing. Remember the real thing? Remember the sweet baby raised, bullshit?

Yeah, let's kill this motherfucker. Let's just kill him. But I saw that, yeah, of course, he's got a bunch of bodyguards. Oh, shit. Yeah. What a douche. Zuckcorn. But so they apparently, they're struggling to keep up with TikTok, which is funny, because

yeah, the reals thing, you know why? Because you got too many things. You got reels and you got the other, what's the other thing? Pictures. No, it's like stories. Reels, no, in that story, there's reels and video and some other thing and they are all it's confusing. It's confusing, man.

Well, did you see they just, they've been testing groups? No, basically, a B-real adjacent thing where it's the, it's got the front facing and the back facing camera. Yeah. All right, before we get killed, we are gonna go to, after hours. If you would like to see us there, you just sign up. Oh, I wanted to say something at the top.

About what? We always do like comment, subscribe, blah, blah. But if you could give us a five star rating on Spotify and on all the audio platforms. Also, you know, share the podcast with one person every week. on Spotify and on all the audio platforms. Also, share the podcast with one person every week. Yeah, I think you'd really like this podcast. Please.

But yeah, that was help. So, you know, we're still a new podcast in the grand scheme of all these things. Yeah. Like comment, do all the algorithmic things. Like me, comment me, finger me, tickle me,dle me love me kiss me hug me squeeze me hold me fuck me Goodbye This week on after hours. I don't eat meat. This guy's a bitch. Oh my god

I'm gonna die of a heart attack and then a bear is gonna chew off my dick I don't know you weren't supposed to push when you shit. Ah, it's in the frame, tonight's a... Ohhhh! Sign up on TMG Studios.tv to watch the full bonus episode.