The Trillionaire Mindset - 76: Is TikTok Actually Getting BANNED?

Episode Date: March 10, 2023

Become an exclusive member to get ad-free and bonus episodes at http://bit.ly/3EeRxmo  Is TikTok in danger? Is air travel getting dicey? Are we gentrifying the economy? The guys cover an assortment ...of stories this week including a breakdown of the INSANE Twitter interaction between Elon Musk and his (ex?) employee. Plus, is lithium in abundance in Iran? Or…nah actually, let’s walk that back… Cancel unwanted subscriptions – and manage your expenses the easy way – by going to https://rocketmoney.com/trill Upgrade your closet with Rhone and use TRILL to save 20% at https://www.rhone.com/TRILL Check out our channel page on Apple Podcasts, go to: https://apple.co/trillionaire SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/trillionairemindset Want to subscribe to our newsletter? http://bit.ly/3k4Nfar 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 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.* Chapters: 0:00 This week! 1:10 Hand Farts 1:45 Celsius is Everywhere 2:26 Ben’s Extended Family 3:12 Stickers are still here 4:18 Ben & Emil’s Live Show 6:13 Trader Treehouse Update 7:00 Livestreams! 8:35 Trill Weekend 9:35 LA Antics 10:43 RIP Norma 12:23 Thanks Rocket Money! 14:08 Bar Mitzvah Bar 14:41 TikTok Getting Banned? 15:37 RESTRICT ACT 17:07 Foreign Software Hacks 19:38 TikTok’s Way Out 21:18 Trillionaire Supreme Leaders 22:18 JetBlue Antitrust 24:56 Thanks to Rhone! 26:57 JetBlue Continued… 28:20 FAA Testifies 31:45 Airline Industry in Peril 34:45 Safety Regulations 36:30 Take this to my wife… 39:00 Tenerife Disaster 41:29 Economy Gentrification 45:00 Attractions and Cars Go Up 47:56 Innovation is Dying 49:54 CC Rewards Cost 52:25 AMEX Fees 53:50 Customer Service Debacle 55:57 Ben’s Foodless Flight 57:00 Karen Complains 58:05 Elon’s Spat 1:01:50 Elon is too confident 1:03:40 Neurolink Testing 1:07:12 The lithium conflict 1:09:00 German Goodbyes

Transcript
Discussion (0)
Starting point is 00:00:00 Coming up on this episode of Trillionaire Mindset, the White House backs a partisan bill that could be used to ban TikTok. Is-is the DOJ gonna block the JetBlue Spirit Airdeal? Also, the head of the FAA gets hauled into Congress to have his little Hines banked. Yeah, oh wait, it was red, let me tell you. Is the entire economy gentrifying from the premiumization of shit? We're also gonna take a look at Elon's dismissive Public oh come on you got it. We're also gonna look at Elon's dismissive public shaming of a wheelchair-brand engineer Did he deserve it? That's for you to judge. We'll find out
Starting point is 00:01:16 AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH I'm going 100,000! Ha ha ha ha ha ha! I used to be able to do this so well. Well, anyway. I feel like I'm gonna date with you. I always fight with you. No, yeah, I asked you what you do. What do you mean, baby, that? Check the disclaimer in the description box. Check the disclaimer. It's gonna get, it's gonna get this claim here. It's gonna get real's gonna get this claim here. It's gonna get real disclaimer. And the crew was talking about a stock that I really regret not buying because I didn't know what the fuck it was years ago.
Starting point is 00:01:52 Celcius energy drink ticker symbol C.E. L. H. Man that thing was like a five dollar stock a few years ago. Now it's like 70 Everyone drinking Celsius everybody's drinking them damn you can walk ten feet without seeing some Joker Everybody's drinking them damn you can walk 10 feet without seeing some Joker One of those me. I'm a fair and high guy Thank you, no, don't that was I Thank you. Thank you. Don't give that to oh boy. No, I'll give it to me. You can give me that speaking I've given that's what the people tune in for that kind of bullshit. I hope not I
Starting point is 00:02:24 Went to a funeral for my grandma on Sunday. And thank you. And I saw some, you know, cousins and stuff we haven't seen in ages and they're like older and I'm like, oh, I heard you got a podcast. I'm like, yeah,, fair warning, it's kind of a raunchy, man. Well, I mean, the last episode, I didn't say that, but the last episode, the last 15 minutes, we're talking about dogs sucking off dogs, you know. No, you were talking about that. No, no, no, you were too. In fact, I think you brought it up.
Starting point is 00:03:00 No, I put it into it before you started talking about whatever. Yeah, whatever. We got to plug the stickers. That's what I was trying to do. Plug them Guys, if you haven't gotten them already, we put out stickers of your favorite line from the show Which is nothing like phone sex in your brother through a go between the fun stickers got to explain that to my cousins your brother through a go between the fun stickers. Gotta explain that. And there's my cousins. Well, you have to watch every episode if you want to understand that.
Starting point is 00:03:28 That's right. So go get those, they're still available. I think the pink shirts sold out again. Sorry. Damn. Yeah, and also don't make the mistake that I made. If you bought the pink shirt, don't wash it with your whites. Cause now all my white shirts have a slight pink tint to them.
Starting point is 00:03:45 Little pink hue. Yeah, but it's okay, cause I only buy the like, Haynes Tagless $9 for 50,000 shirts. So that's what you buy. Yeah. Yeah. They fit great, they look good.
Starting point is 00:03:58 They don't itch. They fulfill their, you know, function. They're like undershirt. I'm on rich guy mode. I dress poor, you gotta dress poor dude. They're like under, sure. I'm on rich guy mode. You got to dress poor, dude. They're, sure. Yeah. Oops, did he hit the mic?
Starting point is 00:04:10 Anyway, should we plug the real thing? What real thing? And soon, should we say the date, or should we say you got to follow us to find it? Well, say the date, sure, but then also one pick up the'll have to. Yeah, yeah. We're doing a live show. We're doing a live show in New York City.
Starting point is 00:04:29 Have you ever heard of it? The big apple baby, take a bite. Yeah. On April 4th. Yeah. Me and Ben, it's not a trillion or mind-sent thing. It's Ben and Emil live in New York City. We also don't even know what the show is yet.
Starting point is 00:04:41 Yeah, we don't know what we're gonna do. But, I know we know what it looks like. It'll be like after hour. No, it's gonna be a whole nother thing. Okay, then we certainly agree on that. So, tickets are gonna be bailed. And it's a small venue.
Starting point is 00:04:58 That's right. So if you wanna get them, follow us on socials. We're gonna post the tickets there, probably around the time this comes out. Yeah. And you can buy a ticket. Yeah. And it'll be very fun.
Starting point is 00:05:11 We'll be in New York City mode. Yeah, truly on New York City mode. Gonna be bopping around there. Pizza, pizza, taxis. Now going to court street grocers, getting the sandwich. Oh, I can't wait. Can't wait for that.
Starting point is 00:05:25 Yelling at people. I'm walking in, running red lights, or walking through where you don't supposed to, I don't know. Jay walking. Jay walking, thank you. City bikes. But so, yeah, if you want ticket information,
Starting point is 00:05:36 follow us on socials, we'll post that. We'll post ticket links. Yeah, cause it's probably gonna sell out pretty quick. According to my data, there's a lot. We did crunch the numbers on this. It's a good amount of you in the tri-state area. So. It to my data, there's a lot. We did crunch the numbers on this. It's a good amount of you in the tri-state area. It's a small venue. Yeah, tickets are $200.
Starting point is 00:05:51 Also, they're not. Literally, the venue was like, can you raise the price? You guys will probably sell this out. And I said, no, because we are figuring out what this whole thing's gonna be. So, yeah. If you wanna come watch us figure it out, but don gonna be. So, if you wanna come,
Starting point is 00:06:07 come watch us figure it out, but don't be like, it wasn't a whole, you know. Also, Trader Treehouse is still going strong and some of you are like, where do I find it? I don't know. If I had to guess, I would say TraderTreeHouse.com. Yeah, or, you know, when you Google it, it pops up there. And also, if you have to ask that,
Starting point is 00:06:29 you probably shouldn't be trading. Sorry. Anyway. We're doing, we're having some fun in the room. We're, some people scored this week on this one ticker that was, I'm glad they did. Okay. And I'd like to say, stop posting about
Starting point is 00:06:46 TrayTur tree house on Reddit. I've been very clear, don't post about that on Reddit. DM me if you need the information for Tray House. It's a pretty, you know, we're trying to keep it quiet. Gotcha. What we're doing. Hey, we're also doing another live stream on YouTube on March the 23rd.
Starting point is 00:07:04 And if you haven't seen Walid's stream, it's up on the TMG channel. You can go watch us. We got banned from TikTok. Don't know why, did we ever find out why? Did we got banned? Well, like a temporary ban. Oh yeah, I got a shutdown.
Starting point is 00:07:19 I don't know if it was from my nudity or... Cause we're the bad boys of comedy. That's right. That's right. That's right. We're not afraid of anything. I'm afraid of a lot of stuff. I'm afraid of, um... That's, some would say that's why I'm so bad.
Starting point is 00:07:31 I'm acting out. I'm afraid of future wife. I'm already afraid she's got a... See, future wife. She's got a, yeah. I heard you got banned from TikTok. Yeah, and she's got a rolling pin in her hand. Like ready to bop me on the head.
Starting point is 00:07:41 Can you imagine getting hit with one of them things? Easy, weease. A rolling pin? hit with one of them things? Easy, please. A rolling pin? That would kill you. Well, yeah, that's that. That's how wives murder? Yeah, when wives murder. Wives either murder by lopping off your penis
Starting point is 00:07:54 while you sleep or bopping you in the head with a rolling pin. Thunk, thunk. Is it a, I think in Greek and Italian culture, it's a, they hit you with the wooden spoon. Oh yeah, that would hurt too. It does hurt put your knuckles on the on your hands on the table and they pop your knuckles. Oh, oh, no, thank you. Just give me a hug and a kiss. Why if I'll never do it again, I promise. That's a little kiss on the forehead. I'm gonna stop you. You right. Nothing can stop me.
Starting point is 00:08:21 I'm going to stop you. Yeah, you're right. Nothing can stop me. Nothing can stop me. Except for the cops. We're both heading to the desert this weekend. Yeah, separately. Separately. What are you doing out there?
Starting point is 00:08:34 I'm going to the Indian Wells tennis tournament the BMP Paribus Open. You can just be watching. Oh, 30 love. Well, 15 love. Oh my god. Do you see that set? Wow this tennis match is going on for four hours How would it go from 30 to 15? I don't know man I don't know how the tennis game is scored. It's stupid if you ask me. You're stupid if you just do one point two points You won one point two points. You fucking one 15 30 love
Starting point is 00:09:04 Fuck out of here. Please with that, sir, ma'am. You know, I, someone put forward a theory that they came up with a confusing scoring, whoo, system to keep out riff-raff. And at first I was like, that's a ridiculous thing, but now that I'm seeing you do this, I'm going, you know what, I hope that's what it was.
Starting point is 00:09:24 That is exactly what it was. Keep out. Who invented it? The British or the French? It was one of those, too. It was one of them. I feel like it was French. My name, Tommy Tennis.
Starting point is 00:09:34 Tommy Tennis. I'm so excited to get out of LA. Yeah, me too. It's LA can, poof, where you're going? LA can poof. It really can poof. I went to go park my car the other day. Oh, no And I was driving by and I thought I saw a spot so I slowed down and then I looked and I locked eyes with this guy and I Couldn't figure out what was going on and then it might bring put it together. He was jerking off
Starting point is 00:09:59 He was getting sucked off Wow, and I just got like a jealous pit in my stomach. I was like, I don't like this. Damn dude. Make an eye contact with a man get sucked off on the street. So uniquely LA or New York experience. I that kind of stuff didn't happen. And I mean, you see the you see the occasional. I don't know. It's bleak here. And some friends from New York came out to come to the tennis tournament. And some friends from New York came out to come to the tennis tournament and they'll look up how far a place is and go,
Starting point is 00:10:29 we should just walk and I'm like, you're fucking idiot. We can walk, but you're gonna see every time we've gone on a walk, I'm like, yeah, you're just gonna have to bear witness to suffering. Yeah. Well, RIP to my grandma, Norma.
Starting point is 00:10:46 RIP to Norma. It was trippy looking through her yearbook. Everybody had such perfect penmanship. And they all said the same thing. It was like a great hax. No, no, it was like, did you guys hax? Yeah, there's was like to a sweet gal, to a sweet gal. Wow, what a sweet gal, to a very sweet gal. And I'm looking at all these, and I'm like to a sweet gal to a sweet gal. Wow, what a sweet gal to a very sweet gal.
Starting point is 00:11:06 And I'm looking at all these and I'm like, all these people are dead. You know what that meant back then though? I think normal was maybe a slut. You can't say that. I didn't say it. Not only that, all those guys calling her sweet in your ear, but we're saying it was guys and girls too. Wow guys and girls.
Starting point is 00:11:23 My grandfather wrote her this long love note saying like wait for me because they went to school in Oregon and then came down to she came down to California. And what he got drafted and he I don't know but he was like wait for me and I love you and I was you know blah blah blah. He was still in Oregon. He wasn't planning on coming down yet. And I was like, who is this guy Winston? And my mom's like, that's your grandpa. Oh, fuck. He was down so bad for grandma.
Starting point is 00:11:53 I thought it was just some like, well, her high school boyfriend was like super horny for her, but then it turns out that they got married and popped out my mom and my aunt. It's kind of cool. Yeah, it was pretty cool cool and then they got divorced. But back then you were an adult in high school. Yeah, full grown.
Starting point is 00:12:10 You're like I'm 16 years old and I. I was an adult at 13. It's a juicy. Oh, right. Yeah, Bar Mitzvah. Yeah, they give you a, they let you run a bar. Fuck, stupid, fuck. Anyway, let's get right into it.
Starting point is 00:12:24 Do you want to try again? No, no, I'm just going to leave that there, let's get right into it. Do you wanna try again? No, no, I'm just gonna leave that there. We can cut it probably. No, we'll probably leave that one. No, no, no, I don't know. Hang on, I found it. That one. We got a lot to cover, my friend.
Starting point is 00:12:34 What do women get to do? Run a bot? Fuck. Yeah. They make baseball bats. But makes bad, isn't it? Yeah, bot makes a fuck. Maybe's bad, isn't it? Yeah, but it's a fuck. Maybe is that how juice it?
Starting point is 00:12:49 Do you see him with that baseball bat? Alright, let's get into it. Okay, yeah, I'm with the show as a bat. That's what I'm trying to. Alright, so TikTok, man. TikTok, TikTok, everybody's saying that every time this kind of thing comes up, everybody goes, oh, TikTok's about to get banned. It's not going gonna get fucking banned.
Starting point is 00:13:06 But the White House is backing this bipartisan bill that could be used to ban TikTok. Right, it would give the Department of Commerce power to ban TikTok. I didn't even know that there was a Department of Commerce. Yeah, I'm pretty sure, who's the secretary? Gina Ramondo? Oh, right, that's what I was gonna say.
Starting point is 00:13:24 Yeah. Oh oh she from remote island right pretty sure yeah no I'm pretty sure to last I checked she was the secretary of the department commerce so so no no we know we don't need to Google it because it seems like you know I can't remember if that's her name honestly who gives a flying fuck who is the secretary of the department of commerce is what matters is the bill Do you know what it's called? Yeah, like the respect act or something restrict restrict Do you know why it's called the restrict? I can't remember what the acronym is but God bless the the intern who Obsessed what is restrict stand for I'll tell you what? Hmm little bit of a stretch
Starting point is 00:14:04 Of course, it's always a little bit of a stretch. Sometimes they're good. What is this one? Like the policy act was surprisingly perfect. Yeah, preventing, you know, yeah. Restricting the emergence of security threats that risk information and communications technology act. God, it's, it writes itself.
Starting point is 00:14:23 It means that God exists exists that these things just work So the bill is the purpose of the bill is to Give the government the ability to block any technology that comes from one of seven hostile six hostile nations You got China. Let's say you hostile nations. You got China, Russia. Let's see if you can name them. All right, China, Russia, well, North Korea. Okay, Venezuela. Two more, two more.
Starting point is 00:14:58 Give me a hint, where are they? One is very obvious. It's like we've hated him forever. Not hated him. Had bad relations forever. Iraq or Iran? Iran? Is that one of them? Yeah. Okay, so there's one more. What continent is it on?
Starting point is 00:15:14 No, this is taking too long. Cuba. Cuba. Cuba. Love their sandwiches. Love them. So good. But so it restricts any technology that could come out of there and there was an example of there was Russian software That got somehow. I don't know how the fuck this happens, but it was put on to government computers and They got like hacked Right, okay, are you do you know? I don't know about the story
Starting point is 00:15:42 Yeah, it's uh, it, it was in that article about the, about this. Yeah, it happened a few years back and these government computers got hacked by this Russian software. And then you had Face app. You remember the big thing with Face app? Oh yeah.
Starting point is 00:15:59 Where it was like, hey, this is Russian owned and they're just like taking everybody's face. We immediately just gave, everyone gave their facial recognition. But I'm like, what is so what? So they got my face. What are they going to do with it? What do you want?
Starting point is 00:16:14 You can go find my face on the internet if you take it. Take my face. I don't give a shit. Keep your face. Same thing with TikTok. Because the paranoid around TikTok is so entertaining to me because some of these politicians are going, they're sending Americans as data, TikTok data, straight to Beijing, straight to the CCP. It's like, what are they doing just going like?
Starting point is 00:16:35 Right. Well, they're collecting all the same data that any tech companies collecting. Right. They're doing the same things that, you know, so when they were talking about, because there was the the instance where It was proven that TikTok employees were spying on journalists right, but Along with that story is the stories that American tech companies were doing very similar things. It's just that now it's in the hands of China in adversary
Starting point is 00:17:01 Oh, you had Huawei Huawei there was a band that we had China in adversary. Oh, you had Huawei? Huawei? There was a band that we had. So, yeah, we've banned foreign technology before. I mean, in tons of American tech is banned in China. Well, and we're working on restricting China's access to American companies' chips, too.
Starting point is 00:17:19 You got Doritos, sun chips that can't have them. Keep going. Fritos. Fritos? Yeah. My favorite thing about all this is TikTok asking creators. We got Doritos, sun chips, the can't have them. Keep going. Friedos. Friedos? Yeah. My favorite thing about all this is TikTok asking creators to help the same. They don't even need to.
Starting point is 00:17:33 There's government officials, there's members of Congress. One number of Congress said something like, I'm paraphrasing, but it said, this is bad because it restricts the export of American culture. That might have been a spokesperson for TikTok. It was it. That's that's Brooke Oberwater, a spokesperson for TikTok.
Starting point is 00:17:53 She said in an email that by the Biden administration, administration already had has the power to oversee the app through the committee on foreign investment in the United States, which I don't know if that's necessarily true. We'll get to that in a second, but she said we appreciate that some members of Congress remain willing to explore options for addressing national security concerns that don't have the effect of censoring millions of Americans, but a U.S. ban on TikTok is a ban on the export of American culture and values to the billion plus people who use our service worldwide. Duh, duh, duh, duh, duh, duh, duh, duh, duh, duh, duh, duh, duh, duh, duh, duh, duh, God, yeah, we do.
Starting point is 00:18:29 We got a monopoly on that shit. So they, but they also brought up when Donald Trump tried to ban this in 2020. Right. I think they found, Court's later said that the government didn't have the legal right to threaten a ban effectively neutering its leverage before the sale. I don't know. You know, I would love it if they ban TikTok. to threaten a band effectively neutering its leverage for the sale. I don't know.
Starting point is 00:18:46 You know, I would love it if they'd been ticked off. I hate that it's a security concern. I really wish they would just, everyone in China was like, kids can't play video games for that long anymore. Yeah, and yeah. I want them to do that here. Yeah, me too.
Starting point is 00:19:01 And just be like, you guys can't dance on ticktock that long. We're restricting how long you can fuck around on tic-tac. Yeah yeah there's part of me. I know I know something you're gonna scream. What is this? Call me your thug. I can't shut the fuck. Yeah it is. It's now a call me his podcast. Yeah. Comrades listen up. No more dancing on tic-tac. No more dancing. We're No more dancing on tickler. No more dancing. We're cracking the sickle in the hammer on you. And we're putting mass restrictions on everything.
Starting point is 00:19:31 Who decides us? We do. Because we have good ideas. I think that most people would agree that we have pretty good ideas. Like, if we were the Supreme leaders of a... Tick-tock. Of America. We'd be pretty good. You think so? The Supreme leaders of TikTok. Of America. Of America.
Starting point is 00:19:45 We'd be pretty good. You think so? I think so. Yeah. I honestly do. I think that we'd be pretty good. We would have to bring a couple of women on board to balance it out.
Starting point is 00:19:56 I'm first seeing a split and I've become a authoritarian. Really? And what am I? I don't know. We executed you. How? It wasion. Really? And what am I? I don't know. We executed you. How? It was bad. How?
Starting point is 00:20:10 We, we, we, it's higher craft going. Drawing in corded. Dude, what? I know. Why would you do that? We had to set an example. Yeah, but come on, man. You could just like shoot me in the head and tell everybody you drew in corded me.
Starting point is 00:20:20 I know. Or shoot me in the head and like then draw in court of my body so people you know Well, we had these horses laying around. We had to pull your body apart. Oh My god So the other big thing happening well, there's a lot there's a lot of shit happening this week It's just like a bunch of little things jet blue and spirit You know jet blue is trying to acquire spirit air, but the Department of Justice is trying to block it. They're filing an antitrust suit this week. Yeah, this is becoming a theme with the Biden administration.
Starting point is 00:20:53 They're trying to stop monopolistic power. Yeah, this one's, it's obviously a weird one because it's, so if JetBlue successfully purchases Spirit, I think they'll have about 10% of the airline industry. Yeah. And the big four each are like 17% anywhere from like 17 to 20. Yeah. And so they're kind of going, you know, what's the big deal? Everyone else was able to get in while they get and was good. And the department of justice is saying, well, that's going to raise prices.
Starting point is 00:21:22 It's bad for the consumer because it gives less choices. Right. So there is like, that's the thing they prices. It's bad for the consumer because it gives less choices. Right. So there is, like, that's the thing. They have. You are a choice. They have found that this will raise prices for consumers. Merrick Garland, attorney general, said, spirits own internal documents estimate that when it starts flying around, average fairs fall by 17%. And an internal jet blue document estimates that when spirit stops flying around, average fairs go up by 30%. Okay. So when spirit adds a route, prices go down.
Starting point is 00:21:58 Yeah. Okay, so what is this point? This point is that to have them just absorbed absorbed into jet blue and jet blue take all overall of their planes and fit them to just be jet blue flights. You're now taking out a competitor who would cut prices. Right. But jet blue's counter to that was, hey, look at what happened when we took over in New York, we actually stuck to our word and dropped prices. And they did. Yeah.
Starting point is 00:22:22 That was a new, but that was a new competitor entering the market. Fuck. I believe, I believe, that's the jet blue. I like jet blue and I believe the corporate shill who says, oh, this is actually gonna lower prices. Okay, yes sir. Okay, I believe you sir.
Starting point is 00:22:41 It rarely, it rarely ever lowers prices. So you, that's always their argument. If we can consolidate these things, we can save money. Yeah. It rarely, it rarely ever lowers price. So you think that- That's always their argument. If we can consolidate these things, we can save money. Yeah. And then it just always falls on to the consumers. Interesting. So you think that adding a jet blue absorbing spirit to compete with the big boys would actually
Starting point is 00:22:57 be bad for the consumer and raise prices across the board. Yeah. Well, okay. Well, there you have it folks. Mommy and daddy disagree. I do agree with you. I'm sure that that is the case, but I also like to believe that the...
Starting point is 00:23:14 I mean, just think about it. If you have fewer and fewer places to go, right? There's literally four main airline companies. Yeah. If you don't see a route, you like they just, you have to go, well, I can't fucking do anything else. Where are we gonna go? It's like, yeah.
Starting point is 00:23:31 You don't like the prices get fucked, there's nowhere else to go, they're the only game in town. Yeah. True. You wanna fly to go see your family? Sorry, these are the options. Well, what if they keep spirit air? They're not going to.
Starting point is 00:23:40 Oh, they would, they would, they would, they would, they would, they would, they would, they would plan. Oh. They said, under the deal, spirit would largely be subsumed. The new airline would use the jet blue brand, be based in New York City and be led by Mr. Hayes. It would have hundreds of planes and tens of thousands of employees. JetBlue has said that it plans to remove seats from spirits, densely densely packed planes to match its own configuration, which any trust officials argued would make it difficult to keep costs and fares as low a spirit. That's actually right. I'd like
Starting point is 00:24:02 to change my opinion if I could, given this new information. I think that this is bad. It's probably bad for the consumer actually. And that's coming from a jet blue credit card. But it all does feel like a little ridiculous, right? Considering, it's just like, you know, it's like when your parents let one sibling do something and they're like, well, we're not gonna do that anymore. Yeah, they've been grandfathered in because there's no way they're gonna just start breaking up.
Starting point is 00:24:30 Airlines speaking of airlines the head. Excuse me the head of the FAA is kind of under fire this week. He had to testify in front of a congressional group. I'm pretty much led by Ted Cruz. God, he's such a fucking worm. I mean, have you ever seen a more wormy politician looking politician than Ted Cruz? Yeah. His name, his voice, his dipshit face, the expressions that he makes.
Starting point is 00:24:59 Mitch McConnell pretty warm me. Yeah, but Ted Cruz is on a whole, he's in his own category. Lindsey Graham pretty warm me. Yes, they're all in their own little category, but Ted Cruz is the smarmyist like nothing that comes out of that guy's mouth is real or genuine. It's all canned, bottled, fucking artificial flavoring, aspartame, fucking vanilla. God, he's just such a wretch. He just fucking sucks so much his stupid nose and Well, I'm Ted Cruz and you know The Biden administration you fuck you get fuck Ted Cruz. You stupid smelly Cox sucker Interesting you can take that one of the bank. He's stupid fucking piece of shit.
Starting point is 00:25:45 Oh, are you gonna tell us what happened? Anyway, Jesus Christ, what the fuck? He was asking the head of the FAA what's going on? What's going on with everything lately? Because if you've been, if you hadn't heard, there's been a lot of close calls. I think there's been more close calls just in 2023 so far than the frequency of close calls. I think there have been more close calls just in 2023 so far. Then the frequency of close calls in 2023 is greater than, you know, the last like five years combined or something. Close calls meaning there were like, plain almost landing on top of each other. Yeah. Plains crossing runways at like just a thousand feet apart. And some of these collisions were avoided by the pilots,
Starting point is 00:26:32 not even air traffic control. I think most of them were avoided by the pilot. That's fucking scary. Yeah. And you had that case of the triple seven taken off from Hawaii or going either going to Hawaii or leaving Hawaii that suddenly dropped to like 8,000 feet. And they think that it was because before they took off the pilots inputted, put in the
Starting point is 00:26:54 autopilot input the altitude, but they like left a zero out. So instead of 30,000 feet, they put in 3,000. So that when they were up there, they hit the thing and it was like, oh, you want 3,000 feet they put in 3000 so that when they were up there they hit the thing and it was like oh you want 3000 feet sure Which is like okay, there are so many there should be so many fail safes in place There should be no reason for the autopilot to be just accept that as an input like yeah 3000 feet that makes sense But that's what kind of feels like the whole joke about all this right? They're hauling this guy into Congress to talk to him well. They're not proposing to fund all these things or add any or regulate the industry in any way. Yeah. They're just, I mean, the FAA, so this is from the financial times. Unfortunately for the FAA, their staff has been shrinking
Starting point is 00:27:41 at the same time that their job has been growing. So, Vellian airspace is simply more crowded. They're more flights and they don't have as many people that oversee the airspace as it's becoming more crowded. So, they all these people into Congress, they're like, tell us what's going on here. Yeah, it's good. Well, I don't have the resources to do the job
Starting point is 00:27:54 you want me to fucking do. Right, people have retired. They are not, especially air traffic control, they are not easy jobs to replace. They take years to train people. Right, they're coming out of that pandemic era where they gave the airline industry what? $54 billion and they were like, you can't fire anyone. So they they had them all do voluntary leave or early retirements. Yeah. And then the industry rebounded very quickly
Starting point is 00:28:21 and they were like, oh, shit, oh, fuck, well, why don't we just lower, why don't we just lower our pilots standards? Yeah. And now everyone's going, what the hell's going on? Yeah. Yeah, then there was that no-tam outage. There was some big system-wide outage a few weeks ago. You had the Southwest debacle and the FAA guy, to his credit and he makes a good point,
Starting point is 00:28:46 he said, we still have a phenomenal safety record. We still are like the, I mean, the American FAA, the rules and regulations and the safety record are like the gold standard for the entire world. And we haven't had a fatal airline crash, I think in like 13 years. Damn, yeah, so We still got it going on. It's just that all these close calls
Starting point is 00:29:11 Begs the question like what the fuck's going on? So he said that we're they're gonna have this big summit and they're gonna review closely review all these policies and Policies what's the word I'm looking for buddy? Regulations, yeah, there you go. Oh, yeah. All these rules and regulations to make sure that everything is actually up to snuff and as safe as possible. And if there's any room for revisions or improvements, they're going to do that. But as they say, I'm gonna butcher the saying, but the rules for the FAA are written in blood because they learn from, they learn from like deaths and shit. Oh, yeah.
Starting point is 00:29:54 Brutal. That's why I like watching those airplane disaster shows. Cause every single, there's another government regulation. It kinda, cause everyone, they, you watch it and at first you're like, God, that's fucking terrifying that that happened, but then at the end they're like,
Starting point is 00:30:09 and this is now why we can never allow for this to happen because here's what we learned and here's all the new rules that we applied. So I'm like, well, at least I know another like, stripped lug nut isn't gonna cause the rear stabilizer to malfunction and cause the plane to invert and then nose dive into the ocean. That's not going to happen.
Starting point is 00:30:29 At least I know now that new rules require that training manuals or maintenance manuals are written in plain English for the maintenance people to understand so that the engine doesn't fall off during takeoff and the plane fucking crashes. It's also, I could name you so many different crashes. Okay. Anyway, it's like when you when you're driving around and you see a new
Starting point is 00:30:50 stop sign, you're like, oh, someone must have beefed it right here. Yeah, yeah, yeah. So I'm like, that a horrible death. My dad, I remember he really pushed our local city council person to get like a left turn arrow uh installed at our intersection right near our house and he was so proud when it finally did and all the neighbors were like whoa hell yeah and he's like no one's me it was needed
Starting point is 00:31:15 he'd be like only two cars can get through a single green it's ridiculous now like 30 cars can go because there's a middle school right there and they can just fucking funnel out of there must be nice to kind of live in a small Now like 30 cars can go because there's a middle school right there and they can just fucking funnel out of there Must be nice to kind of live in a small What is there 10 million people in LA? I Think the town I grew up and had 10,000 damn teeny wee go down to city hall We want a left turn signal. Yeah, yeah, be fun. The city's got to come on. We're gonna do a study, suck my dick. Just take my word for it, put in the fucking signal.
Starting point is 00:31:47 Anyway, speaking of signals, there was another Norfolk Southern. Oh, wait, also, did you hear that? You probably did hear about this because you love the planes. Oh, I love them. What, why did you hear about that? Because it's funny, we were talking about it on Epeau. We were talking about turbulence.
Starting point is 00:32:05 But I just saw apparently turbulence is getting worse because climate change. Yeah, I've heard that. That's wild. Yeah. So just on more flights and stuff, you're just gonna be jostled about. There was a woman who actually died.
Starting point is 00:32:16 That seatbelt sign is staying on. Yeah. There was a woman who died in a private jet that hit some severe turbulence. She probably bonked her head on the ceiling or something, yeah, recently happened. Turbulence won't take off the wings or anything, but it'll definitely make you feel the drop in your stomach.
Starting point is 00:32:35 That's the worst. He's got, ugh. I will say, when I was naked on that airplane and experiencing turbulence in the bathroom while standing up, it is so much less scary the bathroom while standing up. It is so much less scary when you're standing up. It's like, oh, this isn't that bad. It just feels like I want to train.
Starting point is 00:32:51 Right, you get to use your legs to adjust to it. Yeah. Rather than just being a little babysitting in a seat. Also, if you're ever in really bad turbulence, I want you to do the following. I want you to imagine what the plane probably looks like from the outside, which is just like this. Yeah, it's probably just like a little fucking It's not a big deal. I always tell the guy next to me and I go, we're fucked. We're fucked, dude I just kind of yeah, I don't I don't get really scared it the only time I get scared is when it hits all of a sudden and you're like, whoa What was that or I always I always bring a letter? Oh
Starting point is 00:33:25 That's nice. And I say, please bring this to my wife if you make it out. Like, buddy, I'm sitting next to you. If we die, I'm dying to just get it to her. What's wrong with you, man? Yeah. Get it together. Anyway, we have fun at this show.
Starting point is 00:33:43 Don't worry. We do. We have fun. Yeah. One of my favorite plane crashes was, I mean, we have fun at this show. That's what we do. We have fun. Yeah, one of my favorite plane crashes was, I mean, we all know it was 9-11, but my, oh, there was one thing. That was a top tier, that's a S tier plane crash. Do you know what the, do you know what the deadliest non-terrorist related?
Starting point is 00:33:59 Not 9-11. The deadliest non-9-11. That was standing 9-11. Yeah, playing crash was those people who ate each other That wasn't the deadliest no I thought you said most gruesome no, I said deadliest. Oh, okay. It was a two Boeing 747s collided Yeah, the pilots foggy runway the pilots were doing a prank. They thought it was going to. Yeah. What was the
Starting point is 00:34:28 prank? They're going to take off at the last minute. Whoa, fold you down there. They, yeah. Yeah, it was a prank gone wrong. Yeah, it was. It was a video. It was just a video, just a prank. And they were doing a TikTok prank. Yeah. And a lot of people died. I think like 450 people died. All for a prank. All for reviews. Can you Google KLM 747? Oh, does that.
Starting point is 00:34:55 Yeah, it was Dutch. KLM 747. Crash. Yeah, 10 arrive. March 27th 2747 if you don't know what a 747 is it's one of the big honken ones all right dude 500 183 fatalities 61 survivors Runway collision and fog one was taxing and about to go like make a turn while this other
Starting point is 00:35:25 one was taken off and just cut through the fucker. RIP. RIP. RIP to a lot of those people. Yeah man. Pan M. RIP. It was Pan M. Pan M and KLM. Yeah yeah yeah. Oh boy. We've got so many airlines. Yeah, those were the days. I remember I had. TWA, Continental. US Airways. US Airways.
Starting point is 00:35:50 I had a US Airways miles and then they got absorbed by American. Yeah. What else? God, that would be, cause back then they didn't have, they didn't have, imagine doing Google flights at that time.
Starting point is 00:36:01 You're like, you know, these fucking options, man. Continental, US Airways., we'll wanna take you. Yeah, there are a lot of airlines, but not as many as there were before. Are there? I don't know. Yeah, there's fewer for sure.
Starting point is 00:36:14 I see four. I hate those fucking flights. Or I see ones that are like not viable options. I get, they're like, you can take frontier. I'll take 38 hours to get to New York. Yeah. Don't show me this option. Yeah Young me would have been like oh cool. I could save some money and I get to go like stay in a city for another in extra 24 hours I did it. I'll just sleep at the airport fucking no. I did it one time. I did frontier and it was an eight hour layover
Starting point is 00:36:38 And I was like this was so dumb. Yeah, I should have just paid the end It was the same gate. They had an earlier flight with some space. And I was like, can I just get on that flight? And they were like, no, you didn't pay for it, dipshit. Chuckle nuts. And I was like, you guys are just going to make me sit here? Yeah, you stupid baby. Sorry, sir. Go sit down and shut up, bitch. You paid for the cheaper flight. I mean, that's what, you know, that's another part of it. These things, they grow and get you know, that's another part of it. These things, they grow and get bigger,
Starting point is 00:37:07 they absorb each other. You have fewer and fewer options. And the consumers have zero protections. They just get pushed around. They have no recourse when they fly, when they are posting schedules, they know they can't keep to. Yeah.
Starting point is 00:37:22 Fucking sucks. Which is not good for the consumer at all. We should start an airline called Cruel Air, where everybody's mean to you. Sit down, bitch. Everybody's sitting on his shut up. It's time to fly, bitch. That is what's gonna happen.
Starting point is 00:37:34 But it's like really good food. Should we talk about that article about the economy gentrifying? Yeah, let's talk about it. Hey, you know what else can gentrify the whole fucking economy gang? No, but it does it does feel like that. It feels like there is going to be Two different economies. Yeah, and you are seeing a lot in the airline industry, right? That's the most
Starting point is 00:37:55 widespread example where it's the premium the premiumization of everything, right? You want to you know, you want to be able to pick a seat fucking pay for it. Yeah, bitch You want to not have your knees you want to be able to pick a seat? Fucking pay for it. Yeah, bitch. You want to not have your knees in your chin? Pay for it. Bitch. You want a fucking little snack? Pay for it.
Starting point is 00:38:12 Cock's second. That's why I like, I hate him now because they banned me, but American Airlines. They, they got good snacks and they give it to you for free. Southwest? Free. JetBlue? Free. It's to help yourself model actually you can get up and just take it from the little thing Yeah, I like that But yeah, they I'm tired of this But yeah, they're talking about this trend, you know premiumization where there's a
Starting point is 00:38:42 It's a divide in the American economy the premiumization trend also reflects a divide in the American economy. The premium ization trend also reflects a divide in the American economy. The top 40% of earners are sitting on more than a trillion dollars in extra savings amassed during the early part of the pandemic. Good for them. Lower income households on the other hand have been burning through their savings partly as they contend with the higher costs of the food rent and other necessities that make up a bigger chunk of their spending. As products grow more expensive and exclusive big swaths of the economy,
Starting point is 00:39:06 art risks of becoming gentrified, raising the possibility of that poor consumers will be increasingly underserved. And they have a bunch of different examples. And so they're saying, you know, it's not clear whether or not this will pay off for the companies, right? There are some companies where it is working out. American Express is, you Express is really pivoting
Starting point is 00:39:26 to just making high-end consumers happy, and that's working for them, right? But then there are funny ones like, wait real fast, I like this quote, the notion of premiumization was raised in nearly 60 earnings calls and investor meetings over the past three weeks. Right, a lot of companies are trying to get that,
Starting point is 00:39:46 trying to get that hard customer. Yeah. Well, and just a way to keep squeezing out just milking the teet just getting. I'm for the audio listener. I'm milking. Meet the parenting. I'm milking some tiny little teets, pumping up profits.
Starting point is 00:40:02 I got nipples. Greg. Can you suck me? Milk me. Is this a good tweet? I got nipples, Greg. Can you suck me, milk me? Is this a good tweet? I got a gun, Greg. Could you shoot me? I don't think anyone would get it
Starting point is 00:40:11 because that movie came out like 20 years ago. Still holds up, still holds up. But places like Six Flags and why did you get pissed? Well, cause I can't wait. What are they doing? Like, hey, you can pay extra to be better than everyone. Yeah, the thing they recently shifted to a more premium model by raising prices and limiting discounts. Oh, man, I used to love the discount. Six-flag grade of entry in New Jersey.
Starting point is 00:40:33 Literally, all you have to do is bring a Coke in, you'll get by one ticket. So, Selim Basoul, the chief executive described as bold changes to our business model in order to elevate the guest experience. The front seats are safer elevate the guest experience. The front seats are safer than the rear seat. You pay less but you risk getting the fuck to decapitate it. No, just the last people are going in. So they raised prices and so you're getting less people in but they're paying more and they're spending more.
Starting point is 00:40:58 It hasn't really worked out. So in the nine months through September, attendance at its parks fell by 25% and spending per guest rose by 22%. Cool. Walt Disney was doing the same thing at their parks, but I think they're nixing it. I think a Disney ticket now is like what $180 per adult, something like that. It's ridiculous. That's insane. Yeah. You used to, you know, in the 70s, it was like 25 bucks. I mean, you paid like 40 bucks for parking. I don't think I'll ever go skiing again. Skiing?
Starting point is 00:41:28 Yeah, really? Skiing has gotten so prohibitively expensive. It always was, but it's, I mean, for a day of skiing, it's like 200 bucks. And the rules, they have for skiing, they make intentionally vague so that it keeps out the riffraff. Just like tennis.
Starting point is 00:41:43 Just like tennis. Tennis is a weird one, because it's obviously a bougie sport, right? It's historically exclusive. Country club sport. Country club, but I don't really understand it. It's, you buy a racket and some balls. Buy a racket and some balls.
Starting point is 00:41:59 Rackets can get very expensive, but you can get one in Target for 25 bucks if you want. Probably a little more, but racket and balls and then go find a, go find a county court. Yeah. Um, but what? No, continue. Uh, they're also seeing this in the US car market, okay?
Starting point is 00:42:17 Oh, yeah, with BMW fucking thinking of where your air conditioning can affect. But not only that, there's fewer models available to lower income people. At the end of 2017, 36 models were priced below $25,000 and the share of cars that cost that much or less accounted for nearly 13% of all sales of new cars. At the end of last year, only 10 models had starting prices that low and their share of sales plunged to less than 4%.
Starting point is 00:42:39 Subprime buyers are increasingly falling out of the market and assign that poorer people who tend to have lower credit scores are struggling for a foothold. For now, car ownership could increasingly become the purview of the rich, having fewer new cars eventually translates into fewer used cars that raises prices and together with higher interest rates threatens to shut poorer people
Starting point is 00:42:59 out of the market. And what cracks me up is when you get these right wing or libertarian, whatever guys who are like Oh the free market gives the consumer choice like go to communist fucking Cuba and look at Look at their grocery store. You have one choice of of breakfast cereals and Like one choice, you know But then look at the car market every fucking compact SUV Every fucking sedan. They all look the same and you can only
Starting point is 00:43:27 get them in like four colors. It's just become so sterile and so, like if you look at all the different, like Mercedes BMW, Hyundai, every single one, they all look the same. They're almost indistinguishable. And you're saying communism is coming for us. We're already there buddy. We got the same shit. That's what that's what bitch. This is your capitalism at work. It gives you the competition becomes so fucking stupid that innovation kind of falls by the wayside and it just becomes a race to the bottom. Well, I mean, keeping prices as high as you can to ourselves where we've worked ourselves into a system where we think we need a new car every year. We do.
Starting point is 00:44:16 And I truly don't understand. The new model has to have updates and so it's just this, you know, I just saw the new cross track because I was like, oh, maybe I'll turn mine in at some point. And I was like, this is horrible. They just feel like they had to change stuff. So they just, things that don't even make sense, you're just throwing on this car. Yeah, that's why I like older people always give me shit.
Starting point is 00:44:37 Why do you buy old used cars? Because they don't have all of this shit that sucks and feels plastic and feels cheap. and I want knobs, give me knobs. Your chart is very plastic. My current one? Yeah. The truck, no way. Okay.
Starting point is 00:44:53 I mean, plastic in a sense that, yeah, sure, the things themselves are plastic, but it's like, I have knobs. I don't have to go through a touchscreen to find the air conditioning. I can do it while not looking, because that's part of the city.
Starting point is 00:45:06 Yeah, that was what the new cross trek did. They put all the climate stuff onto a screen and it's like, why? It was on Reddit because you know, I'm a member of Cross Trek subreddit. Yeah. And a guy was talking about how he turned in his, because the Cross Trek still has, they have a small screen. I mean, you see mine. You see mine and they have the climate stuff down here But the outback had the huge iPad Tesla S screen and the guy was like I literally turned in my outback and was like give me a cross check This is this is dangerous. I can't I don't want to go to another fucking screen when I just want to turn down
Starting point is 00:45:41 I don't want to menu. Yeah, it's it's insane and absurd Speaking of the premiumization of everything screen when I just want to turn to. I don't want to menu. Yeah, it's insane and absurd. Speaking of the premiumization of everything, interesting little article that came out about the dirty little secret of credit card rewards program, a little opinion piece in the New York Times. Yeah, it is an opinion. And I guess I agree with it somewhat. The main thesis is that credit card rewards cost the credit card companies
Starting point is 00:46:06 because obviously they're giving out free, quote unquote. The point is that as these rewards programs have gotten more popular, everyone kind of tends to think like, oh, it's just money for nothing, but it's not. There's a cost to that and that cost gets passed on to us, to us, but to a lesser extent, but to mostly low-income people who are not reaping the benefits. Right. But also to us, right? I, you know, for example, I'm using a ton of credit
Starting point is 00:46:33 with card points, I have to go to so many weddings that everyone knows about already. And I'm putting it on points and I'm like, great, this is like money for nothing. But it's not really. Things have gotten more expensive to cover these things. Yeah. It's what they're saying, right? Great, this is like money for nothing, but it's not really, things have gotten more expensive to cover these things. Is what they're saying, right?
Starting point is 00:46:48 Cause one of the big ones I talk about is the Chase Sapphire card, which went, I didn't know this. So it launched in 2016, and it comes with perks, bonuses, points, multipliers. There was so much initial demand that Chase ran out of the metal slabs and prints the cards on.
Starting point is 00:47:03 Jesus Christ, congratulations, Jamie Dimon. Set off Sapphire's enormous success set off a credit card perks war with numerous banks flooding the market with sign on bonuses worth thousands of dollars. But a recent study at Stanford found that when credit card rewards increase, so did the fees, right? The United States now has some of the highest credit card processing costs in the world, typically at 2% to 2.25% of every purchase. This is 8-9 times as much as the prevailing swipe fee in the European Union. The vast majority of merchants pass these costs on to
Starting point is 00:47:35 consumers by charging more for their products, regardless of how one pays. I love getting shit passed on to me, the consumer. The result, lower income consumers are forced to pay higher prices on the goods they buy, but they rarely receive any benefit from rewards programs, which is, you know, the Federal Reserve has been tracking the distributional effect of card rewards. It's interesting that the Fed tracks that shit. I did not even know that they track credit card rewards. Yeah.
Starting point is 00:48:02 Hmm. Where were you, Fed, when American Airlines took all my miles away? I didn't do anything wrong. I exploited their loophole. Fuckers. Pieces shit. Fuckers. I wasn't even able to use my American Express in Paris.
Starting point is 00:48:22 Yeah. They won't, they won't process it because the fees are so high. Yeah, American Express famously has the highest fees out of any of the cards. And that's how they're able to provide these. You go, how do they do all this? But they, and they provide exceptional customer service. It's like above and beyond.
Starting point is 00:48:39 You wouldn't even know unless you've dealt with lesser cards, city bank and bank of America and Chase, American Express is like, do they? Yes, I found it fun. I found it great. I have always, whenever I've had problems, that's where they really shine.
Starting point is 00:48:53 They like, I missed a payment on accident one time and it caused my credit score to drop by like 90 points because suddenly I had one missed payment on my otherwise impeccable record. I explained it to the guy and he said, here's what I'm gonna do. I'm gonna get this off of your record, even though it was technically, it was my fault,
Starting point is 00:49:11 but it was an understandable mistake. He got it off my record, he refunded me the late fee, and he noticed that for some reason I was owed like 10,000 points that never hit my account and he gave me all of that and I was like holy fucking shit I'm a customer for life Yeah, plus they got cool cards. I like their I like their shit. It's hard for me to say I don't think I ever I don't think I've ever had a And this is all my fault. I don't think I've ever had a customer service call
Starting point is 00:49:43 We're having just and it just ended in me just shouting. Really? Damn, I'm not. I lose my mind. Yeah, I try my best to be nice, because you know, it's not there for me. Well, you're just getting passed around. Yeah.
Starting point is 00:49:55 I hate it when you have to tell the robot why you're calling. Right. You tell the robot all the information that then the person as a person, my blood is boiling. Yeah, me too Representative I understand you want to talk to someone I can understand complete sentences. Give me an idea of give me, you know, what that what you're calling about okay? I don't I don't even know how to phrase it because you don't trust the robot fully. You're like I want I
Starting point is 00:50:21 Have a question about miles. Okay, rewards programs, is that correct? Yes. Okay, I'm gonna need a little more information. Representative, I'm gonna need, so then I end up just pressing zero until it just, fucking God. That's where AI is gonna fall short and it lends itself to that other thing
Starting point is 00:50:43 we were gonna talk about about about how as customer problems are hitting a record high, more people seek, quote unquote, revenge because customer service experiences have gotten so dog shit that people take to like social media to reprimand corporations. I've ever done it. I can see you doing it. I don't think I have. But what sucks is even then,
Starting point is 00:51:05 it's just some poor schmuck on the other end of it, whose job is just they're the social media manager. They are not sure they're representing. It does get people results. It can, yeah. But I also, I feel terrible making anyone's life hell when it's not their fault. And it's like, what can they actually do?
Starting point is 00:51:21 I had to do it with ITA airways when they lost my bag because ITA airways is a fucking mess. There's literally no way to contact anyone. And I only, I didn't want to do it because I was like, people are gonna see this. I'm not trying, but I saw even people with like 100 followers would tweet at them and they'd go, oh, call this number or whatever.
Starting point is 00:51:40 And so I had to be like, hey, you guys lost my bag and Athens. Can you help me? Yeah. When I used like 60,000 American miles to fly business class to Tokyo for my 30th birthday, there was some kind of, uh, uh, Listeria or some kind of outbreak at their food where they make all the food for the flight. So there was no food on the flight. Or this like, you know, 13 hour flight.
Starting point is 00:52:11 And I was pissed. I'm like, man, I use my miles for this as part of the business class experience. What are you going to do to make it right? They're like, well, we'll give you either a hundred dollar credit or 15,000 miles. And I'm like, come on, you got to do better than that and that's all they did. So I took the miles and I shut up and I ate it. All they had on the whole flight was alcohol and peanuts.
Starting point is 00:52:34 And you bet your ass I got drunk and ate nuts. Cause what else was there to do? I mean, yeah, what can they do? But I'm like, you had 24 hours to prepare for this. You guys should have like, you know, you put in a call do? But I'm like, you had 24 hours to prepare for this. You guys should have like, you know, put in a call to JetBlue and been like, yo, we need some food, we'll pay you something. Make it right.
Starting point is 00:52:53 Fuck. Karen? Yeah, I was a Karen for a minute. I feel bad for anybody named Karen. You gotta deal with that shit. I also think, I mean, I was joking when I did it, but I think it sucks that anytime someone has a complaint people are like, Karen.
Starting point is 00:53:05 Yeah. Let people complain, man. Also let people freak out in public. No, no, no, no. Oh, yeah, yeah, yeah. Unless they're going super racist, in which case, tackle them and, I don't know, choke them out, but. I do think both things should happen.
Starting point is 00:53:21 People should stop freaking out in public. Yeah. But also don't film. Don't film people during their lowest moments. You don't know what's going on with them. Right. You don't need to ruin their lives. Yeah.
Starting point is 00:53:32 It's also such a, I've never had that. I've never gone, wow, look at this idiot. I'm gonna film. Yeah, me too. What am I gonna do with it? I feel terrible for them. I'm like, oh man. Geez, what's going on with that guy that he's freaking out?
Starting point is 00:53:45 Uh, we're like a fight. Yeah, I don't fight stop. Nobody just stop the violence Speaking of violence Elon Elon got Dude, I can't I still can't believe I can't believe what a fucking dip shit. I can't believe he apologized. I'm sure everyone here knows what we're talking about. Elon Musk got into a little spat with one of his wheelchair bound engineers.
Starting point is 00:54:16 Was he an engineer? Something. I don't know. He worked it. Yeah, I believe they bought out his, I believe they bought his company and then that, as part of his deal, he was an employee at the company. Yeah. So click the second link. So this guy, I'm going to butcher's name. I am Harold Durr anyway.
Starting point is 00:54:37 He said, he tweeted, dear Elon Musk and he tagged him nine days ago, the access to my work computer was cut along with about 200 other Twitter employees. However, your head of HR is not able to confirm if I am an employee or not. You've not answered my emails. Maybe if enough, retweet, people retweet, you'll answer me here. And also Elon Musk is so high off his fucking
Starting point is 00:54:57 slug Twitter persona and all the fucking likes he gets and shit. So he, of course, he had to belittle the guy. Right. So just right off the bat, he says, what work have you been doing? And and how he says, I would need to break confidentiality to answer this question here. If you have your lawyers share in writing that I can do that, then I'd be then I'd be happy to discuss that openly. And Elon Musk says, it's approved. You go ahead. And then he said, among others, I led the effort to save about 500 grand on one sask on software's subscription software's a service contract supported
Starting point is 00:55:33 closing down many others. He blah, blah, blah. He goes and talks about all the things that he's been working on. And Elon just goes, um, he just belittled them. We haven't hired design roles in four months. What changes did you make to help with the youths? What the fuck? And then he responds again with, would you say that you're a people person? And the YouTube clip from the movie office space where the consultants are coming in and firing everyone
Starting point is 00:56:00 just to realize they bring value to the company or not. Right. So the next is that it. Well, the best part about this is so Elon replied to go up go up go up first. So this these are screenshots from a guy on Twitter Alex Cohen. He says I'm not going to lie. This is the most entertaining exit interview I've ever witnessed. And Elon Musk found this tweet that went viral and said the reality is that this guy in parentheses who is independently wealthy did no actual work claimed as his excuse and subsequently admitted that he was wrong and apologized to the former employee. Elon also invited him back to Twitter.
Starting point is 00:56:50 Oh, Bob Boo. Because basically, he found out that the guy has a degenerative disease. He said, I would like to apologize to Halley for my misunderstanding of his situation. It was based on things I was told that were untrue or in some cases true, but not meaningful. He is considering remaining at Twitter. And from what I understand, his contracted Twitter stimulates.
Starting point is 00:57:13 Yeah, if he gets fired, he gets $100 million. Fucking leave! Yeah, totally. Take the money! Also, God! Not only that this guy is like a hero in Iceland or whatever. He's been on this big campaign to get more access to wheelchair ramps, all this kind of stuff.
Starting point is 00:57:33 He wins like philanthropy awards. I love how it seems to be a sweet man. Yeah, sure. I love how this exemplifies how truly stupid Elon Musk is that he doesn't take the time. Like like there's no critical thinking skills at play here There's no oh he's such a good businessman. He's so thorough and blah blah blah blah blah blah blah blah blah blah blah This shows just how Blindly confident he is in himself and the people he surrounds himself with that everything that he knows is factually true
Starting point is 00:58:07 Everyone else is an idiot. He's right, he's just like, what a fuck. Yeah, but that's it. I wouldn't even call it stupidity. I think he's just gotten so... The smell of his own farts? Well, and just gone so heavily into this mean spiritedness. That's become so pervasive in public personas, which used to be, you know, kind of a death sentence for your career. And, you know, I don't know if it was Trump who made it possible for
Starting point is 00:58:33 characters to come out like this, but it's the whole... He definitely blazed the trail. Right, but it's the whole Elon, Andrew Tate, you know, just kind of a... Elon, Andrew Tate, you know, just kind of a, I can act in a despicable manner and, you know, it's the, I can go shoot someone on Fifth Avenue and my followers won't, yeah. My supporters, it won't change the thing for them. And a lot of these guys just kind of prove that.
Starting point is 00:58:58 I mean, this doesn't, you know, this doesn't matter. The same people who think he's an idiot, think he's an idiot. And if they love him for this. If, yeah, if people think Elon's epic, they're like, who think he's an idiot, think he's an idiot. And if people think for this. Yeah, if people think Elon's epic, they're like, oh, he was a joke, dude. He's able to admit he's mistakes. So it doesn't, it doesn't change anything. It's fucking, it's just, I think it sucks that this,
Starting point is 00:59:18 this persona and way of moving through the world and is becoming more acceptable. And it feels like just a few short years ago, he would have been shamed into selling the company and remaining as some weird chair. Yeah. Meanwhile, his fucking neural link company got denied by their, they submitted a request to start doing brain implants in
Starting point is 00:59:47 people. Yeah, human tests. Yeah, the FDA denied it. And there's very little detail given because they are a private company. Yeah, they have some disclosed. The agency's major safety concerns evolved the device's lithium battery, the potential for the implants' tiny wires to migrate to other areas of the brain, and questions over weather and how the device can be
Starting point is 01:00:05 removed without damaging brain tissue. Elon said that he trusts in it so much that he would implant his own children with it, which to me doesn't say a lot. I don't think you got like nine of them. You've got two fail, you got seven backups. He didn't view children with love. We said which children would you put it in? You've got if too fail you got seven backups like he didn't he didn't view children with love We said which children would you put it in? How about you know what make me think you believe in it do it to yourself when I was reading the sentence I thought oh surely he's gonna say he would put them in his own brain. No it was his own children like okay You don't give a shit, but also now I'm like I don't want to be misremembering
Starting point is 01:00:41 But weren't there didn't they do it to Chimps and Chimps were dying? Yeah. Well, what's also funny is you read the article and Elon does, what he always does and he touts that it can be, it's gonna cure blindness. If you're paralyzed, you're gonna be able to walk again. If you're blind, you're gonna be able to see again. If you, Paranoids gets a frenic, it's gonna cure you.
Starting point is 01:00:59 It's gonna cure depression, all this shit. And then later they get a quote from the lead engineer who says who has to then put a damper on that and be like, yeah, we're working on first being able to get crippled people to be able to type. And those other things may be worked on way down the line. It's just the classic, like Elon promising the world and then someone else having to go in and say actually not really, but it doesn't matter because all everybody cares about or hears is the promises that he lords.
Starting point is 01:01:34 Right. No one hears that engineer. Yeah, nobody hears that. It's buried. It's buried in there going like actually, yeah, we can't really do that yet. Right. And so while he's calling some guy suffering from the generative disease, lazy and elite on his company, everyone's like, oh my God, whatever dude he was joking, he's also going to solve that guy's problems anyway. He's going to fix that guy.
Starting point is 01:01:59 So have you thought about that? Maybe he's the real hero here. He also, Elon said it, there's a quote of him saying, we're gonna be able to do this and then dot, dot, dot, the future is going to be really weird. And it's like, oh, I can just, oh, he said that?
Starting point is 01:02:15 I'm saying that. If you're just gonna be really weird, like, oh, God, you fucking cringy piece of shit. Ugh. It definitely is gonna be really weird. It's gonna be really weird. Skinny really weird. Huh. Fuck you.
Starting point is 01:02:27 Like, I just, I just, makes my skin crawl thinking of him trying to be, he's just a, he's just a walking tumbler guy. He's just a tumbler guy. He's not too hard. Yeah, but the worst flavor of it too, just the shittiest.
Starting point is 01:02:42 God. Oh, just get, get on the fucking rocket and just, I hope it blows up, man. God, oh, just get on the fucking rocket and just, I hope it blows up, man. God, that would be cool. God, it'd be so cool. It'd be so great. Just, I'm just, I'm so tired of it. I am tired of this.
Starting point is 01:03:00 All right, what should we wrap it up with, with any of these? What is Iran? Oh, this should be fun. Iran, hey gang, you know that one rare earth mineral, All right, what should we wrap it up with any of these? What is Iran? Oh, this should be fun. Iran. Hey gang, you know that one rare earth mineral lithium that we need for car batteries and just batteries generally Iran says it's discovered what could be the world's second largest lithium deposit. I wonder if that's gonna lead to all sorts of Confluent and potential reasons for us to invade. Well speaking of Elon member
Starting point is 01:03:25 He said we'll cool whoever we want to cool. Yeah, so it looks like, hey, I think that was a good luck with that. I think that was in response to Bolivia. Congratulations on signing your own desk, Warren. Yeah, it'll be like tomorrow. It's gonna be like, Iran says they were wrong. They actually didn't write.
Starting point is 01:03:43 Yeah, yeah, yeah. Turns out no one here. That'd be yeah. Oh, I guess it's just Hey, what's the what's the world's most abundant and useless worthless mineral? Oh, it's just sand. Yeah, oh, it's like Bunch of sand. We fucked up. It was just sand actually was just a bunch of fossilized dog shit that we found Just a bunch of like wild dogs. We got mine's full of dogs. Yeah, in fact, you guys want them? Like, we'll sell them to you. No, we probably don't want them.
Starting point is 01:04:10 You probably don't want them. You probably don't want them. You probably don't want them. You probably don't want them over here and mind this stuff. Yeah, we got so much dog shit to get out of here. Oh man, the ayatola is pissed. Because we thought it was lithium. And we told them it was lithium.
Starting point is 01:04:21 And we're probably going to get killed. Yeah, we're probably going to get killed. Anyway, just probably, maybe stay home, because there's none here. We told him it was lithium and no we're probably gonna get killed. Yeah, we're probably gonna get killed anyway Just probably maybe stay home because there's none here. Yeah, can you guys like delete those articles too? Because it's really embarrassing for us and it makes us look bad. We got to go back to the guy to toll on tell him all this stuff Can you guys like now he hasn't woken up yet today? You still fucking is like seven wives and he hasn't read the paper so just Please delete He hasn't read the paper so just Pleased to leave
Starting point is 01:04:48 Yeah, why would you do that don't tell on yourself you run anyway? Well What do you say what do you say? So long goodbye Goodbye Auschwiter What do you say? I'm so long. Goodbye. Goodbye. Auschwiter. Shuh. Okay.
Starting point is 01:05:09 How do you say it in German? I don't know. Hey, we should do that thing where we do that. Why do you two set up the German? Because it sounded like you were gonna say Auschwitz. You said Auschwir. Auschwiter, shine. Auschwiter, shine.
Starting point is 01:05:20 A Vita, Zane. A Vita, Zane. Auschwiter, shine. A Vita, Zane. That's how you say goodbye? I guess, dude. Google translate it. If you made it this far, what the fuck is-
Starting point is 01:05:31 What are you doing? What are you doing? Google translate me? Google translate it. It's like- What are you asking him to do? Goodbye? No, I can't-
Starting point is 01:05:41 Van Ache-Dung. I can't be right. So long? Farewell? Is it farewell? No, that came from the ship. That can't be right. So long, farewell. Is it farewell? Labor wall. No. Okay, we, you know, this is humiliated. The commenters will let me know.
Starting point is 01:05:54 The commenters will let you know. Actually, it's a fucking type in like a UF. So long. Oh, Vita's of Oh, there you go. V'll be does. Oh, there you go. I'll be does in. No, maybe.
Starting point is 01:06:11 No, we're all over the place. Cares. All right. We'll cut this out. Let's do let's do that thing where we do the coming up on this episode. Again. And now that we know what we've talked about. Oh, yeah.
Starting point is 01:06:21 Yeah, dude. Go back to the beginning of the summer. Yeah, yeah, yeah. Anyway, thanks for joining gang. We love you very much and we appreciate it each and every one of you beautiful babies. This week on after hours. Mr. Munger I've got some exercise for you do let me suck you officer. I'd like to do some exercises. I put them in some positions that'll make us heart rate. We want to go to ordering the War of the Teen 12. Losers stay.
Starting point is 01:06:46 Losers stay. We'll go. We'll do it. We'll do it. We'll do it. We have sons we don't care about. Kill them. Just stop.
Starting point is 01:06:54 I just hate. I hate my wife. Emil, man, you're so handsome. Nope. Stop. But you're a dipshit. But you're also very smart. There you go.
Starting point is 01:07:02 Compliment, criticism, compliment. No, I didn't like that.

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