PBD Podcast - Bernie Sanders Misses Trump on Twitter| PBD Podcast | EP 48

Episode Date: March 26, 2021

In this episode, Patrick was joined by Matt Sapaula & Tom Ellsworth to discuss Remote Work, Lobbyist, Bitcoin, Bidens first press conference, and much more... Here's the link to watch the ful...l episode: https://youtu.be/INB0lPC1AZU --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

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Starting point is 00:00:00 PBD podcast episode 48 with Tom Ellsward Bisdak as well as Matthew Sapala money smart guy. How you guys doing? PBD great great to be here again sick weekend. A row of Yes, that's right. That's right. That's right. That just means you're spending a lot of time in Florida. What do you what do you like about 40? You've been here now a couple of times. Spoker at tone, the land where you can just spend stupid money. Everybody here's driving the G way. Bentley, you know, everybody here's got a yacht. That's correct.
Starting point is 00:00:27 I said the word yacht. I went to high school, got a diploma. That's how you spelled it like chair chapter. So tell us why you weren't in the red shirt. What's the red shirt about? Red shirts, Friday, Marine Corps veteran, represent the military veteran community. Remember, everyone deployed.
Starting point is 00:00:39 We were red on Friday. And I remember P.B.D. being deployed to combat tours. And I always told myself, listen, Lord, I must prank God.D. being deployed to combat tours, and I always told myself, listen, Lord, I must prank God. If you just bring me back home, away from this, away from this, I promise I'm going to do something, and I'm here, and I'm maximizing the opportunity. I have to come back to America, live the American dream, and make the most of the entrepreneurial dream. And this is, remember everyone deployed, because I know it was like to be there in armpit of the world somewhere in a foxhole and just appreciate America and just freedom and
Starting point is 00:01:17 America America. I love America man. What a special country. Okay, so Mr. Thomas Ellsworth, how you doing? I'm doing great. Thank you for serving that. I said that to you more than once, but thank you very much for serving. I have very important. Uncle Never came home from Vietnam and I was very young at the time, but I appreciate every single one of you that's something for our freedoms. Take that and have our brothers and sisters out there. Thank you for your support. Thank you for your support. By the way, in the military, you don't pronounce it. Yeah, you pronounce it destroyer.
Starting point is 00:01:36 Detroit. You don't say yeah, you say destroyer. Yeah, I got to destroy park outside and you know, it makes my house. Mine layer cruisers, Missogynic cruisers. I'm actually going to a realtor, and you have in a series conversation what your realtor is saying,
Starting point is 00:01:49 will a destroyer fit here? Why? I have one, I'd like to park it right here. And talking about ships, man, there's something going on with a ship and Suez Canal, Egypt. It's cause and mayhem around the world. We got to talk about that.
Starting point is 00:02:03 We got to talk about Gen Z's getting screwed by remote work according to a Microsoft survey, which we'll get into Facebook and Amazon are now the top lobbying spenders in the US, incoming Amazon CEO Andy Jazzy picked the close ally when he hired Adam Sopsky to run its 51 billion out cloud business tells Tesla now accepts Bitcoin as payment Dalia says The Bitcoin communities pissed off with Dalio right now. Sure. He sees good probability that Bitcoin would get outlawed City group CEO Jane Fraser calls for free zoom free Fridays and new blind holiday as pandemic fatigue grows We work as in talks to go public through a spec deal.
Starting point is 00:02:46 Prince Harry gets a job. He sits on a board now, a billion dollar Silicon Valley startup as a senior executive. I don't know if the interview helped out or not, but he definitely got a job offer. He accepted it. Royal Caribbean just announced more fully vaccinated cruises this year, this time in the Mediterranean. Intel investing $20 billion in a new chip making deal, planned as part of the turnaround plan. US jobless claim falls to 680, 4,000 people,
Starting point is 00:03:11 few as since pandemic. And then we got New York POT legalization, gets fast track on Cuomo, lawmaker deal. Miami mayor wants the federal government to help pay for Elon Musk to tunnel under his city, which I'm sure Bernie Sanders is very, very excited about. Biden's, you know, press conference that he did. First one, he talked about reelection. He talked about borders. He talked about a lot of different things. And, you know,
Starting point is 00:03:36 Bernie Sanders gave some love to Trump. I don't know if you guys heard what Bernie Sanders said. Time, did you hear what Bernie said? Bernie said, can you pull up the tweet on what Bernie Sanders said about Trump being banned from Twitter? He says look he may be a this he may be a that he may be a this but I'm not comfortable about us banning a president from being able to use Twitter so think about Bernie Sanders a guy who is Let me read the top with the headliners. Kai if you can go all the way to the top. Bernie Sanders against Donald Trump, Twitter banned tomorrow.
Starting point is 00:04:10 It could be somebody else. So even he is saying that. And then yesterday, I'll translate somebody else. Just put the word me. Meaning it could be himself. Yeah, people with a screen. What do you think about Bernie Sanders defending Donald Trump in this area? I mean, does Bernie want Trump back on Twitter?
Starting point is 00:04:26 No, Bernie wants the whole heavy left liberal freedom of speech, even if it's inflammatory because it can involve him. That's what I think he thinks. What do you think? I mean, that's this is cancel culture. I mean, this is where we are talking about the big dangers of removing a freedom of speech, even a liberal left socialist can say, hey, we understand the gravity of getting deleted.
Starting point is 00:04:48 I can get deleted off Twitter. Even their admitting to this whole thing. So I like to see this continue to evolve. Yeah, they say that thing can be aimed at me too. Yes, correct. What I like about this, what I like about this is the fact that, at any point it could flip to somebody else.
Starting point is 00:05:04 But if there was one person, no one in the world would have guessed that would come out defending Trump on Twitter. Bernie. Bernie Sanders. No, nobody in the world would have expected Trump. And maybe this is something about Bernie's character. Here's what I think about Bernie's character.
Starting point is 00:05:21 I think Bernie likes a good fight. With you like it, more or not, if there's one thing about Bernie, you got to like the guy's a guy who loves a good fight. And I think he misses fighting. Who's his enemy right now? Like, what's the point? He's been really quiet. It's Ted Cruz. He now he's picking on Elon Musk. He's picking on Jeff Bezos. He kind of wants somebody to pick a fight on. And he needs Trump back on on yesterday Trump said he was asked by Laura Ingram How does it feel not being active on Twitter and being able to message on Twitter?
Starting point is 00:05:50 Trump said I have to be honest with you. I prefer press releases More than I do sending tweets because on press releases I don't have a limit of 140 characters and on press releases somebody looks over my paper when I write it And then they come out and they can't say well You see he said this word he said that word. He says I think it's working fantastic every time I write a press release Everybody on Twitter is talking about it writing about it, which is working effectively Trump is like it's okay. We don't go on Twitter or not We've been waiting about Trump potentially creating his own social network. We'll see what's gonna happen with that
Starting point is 00:06:22 I mean if he if he hires the right people the the right brains, he's going to need the right brains. A lot of people have tried to create a social media network. I think the other thing he will need as well is he will need more than just Republicans and Maggot to use it for it because it would be another part. It would be a bigger part is what it would be. But he will need a little bit of Hollywood. He would need a little bit of music he would need entertainment sports he would need people there to want to participate if not I don't know a lot of people from
Starting point is 00:06:53 the other side are going to join his social media network it would only be to hear what he has to say and criticize him and kind of go from there okay so you said he has strong opinions about legalization in New York a path legalization gets fast track on Koma lawmaker deal. So why don't we talk about that? Let me go to page six here on What happened with our buddy Koma so Koma's not had the most exciting last few weeks Now it comes out that New York is ready to legalize recreational marijuana The state would impose special taxes and prepare to license dispensaries under an agreement reached by Governor Cuomo and legislative leader.
Starting point is 00:07:27 The deal that legislative leader, brokerhood with Cuomo, would legalize cannabis used for adults 21 years old and up. And includes a 13% sales tax, 9% of which would go to the state and 4% to localities. Let me give that to you one more time. The deal would allow cannabis used to be legal for 21 and up. 13% sales tax on it.
Starting point is 00:07:51 Nine goes to the state, 4% goes to localities. The governor's office estimates that a legal cannabis program could pull in 350 million dollars a year once fully implemented. Assembly major leader, Crystal People Stokes, said with New Jersey legalizing marijuana earlier this year we are literally surrounded graphically by other states that are doing it. We just need to stay ahead of times because we're New Yorkers. We can walk and chew gum at the same time. We can speed this up. Tom, what are your thoughts on this? I think you should take away the word cannabis and
Starting point is 00:08:20 put in alcohol or lottery and then insert the word, the benefit will go to the schools. This is right out of the playbook of every state in the nation who understands when something's up and I can tax it and I can take advantage of it and the wave of momentum is coming over them, they go with it.
Starting point is 00:08:37 And I think New York's just going with it. And, you know, we're gonna legalize alcohol and we're gonna get a tax on it and the benefit will go to the school. Do you think it's good or bad? But the question is, do you think it's good or bad? Because let's face it, I know a lot of people in New York that would probably take advantage of this.
Starting point is 00:08:52 I'm sure a lot of people in New York are gonna go out and say, okay, great. $350 million is $350 million and God knows New York needs tax money because they lost a lot of people to Florida, which means they need to find a way to generate that revenue back. Just a basic question. Is this a good strategy or is this a bad strategy? I think it's good for New York. Well, you saw in Chicago, man. What did you say?
Starting point is 00:09:15 Yeah, Illinois. January 2020 is when Illinois made the sale of cannabis legal, recreational wise. Before the pandemic, go figure it out. This is Illinois. Illinois. Yeah. Just in time for a chill year. Exactly. Exactly. So 10% was a sales tax annual annoyed, generate half a billion dollars in in in revenue for Illinois. Literally from my office, PB two blocks just
Starting point is 00:09:38 north of my office is a recreational marijuana lounge. I mean, you walk in it's beautiful. Like a cigar like a cigar line. You go in there and you walk in it's beautiful. Like a cigar like a cigar lounge you go in there and it's just it's beautiful. It's it's well laid out. It's really nice interior design. I mean they decked it out. Really? Yeah. Apparently it's a chain. What was the address? I like to know what you dress. Right right. What's the name of what's the name of the place? It's what is it? It's called consume. It's called consume. Go figure. Consume, they got it in Illinois.
Starting point is 00:10:05 They got it in Michigan. They got a bunch of dispensaries. There's a network and it's literally two blocks away from our office. And you know, for me as a parent, it's not only is it a revenue-generational Illinois, but it challenged me as a parent. You know, my kids, you know, dad,
Starting point is 00:10:23 everybody's smoking pot, everybody's smoking pot. And then I would discipline my kids for this, for marijuana use. And the times I disciplined them, they didn't like it. And then my kids now older, my son's 25, my twins are 19. They're like, oh, oh, pop, it's illegal now, all the time you put a discipline in this. So from a parent's standpoint, challenging,
Starting point is 00:10:44 because you have to stick to your values and principles, even this. So, you know, from a parent's standpoint, challenging because you have to, you know, stick to your values and principles, even those just because you could, doesn't mean you should type conversation with the kids, but from a revenue generator for those who are adult and those know what to do with it, or the recreation, medicinal, got a bunch of veterans that consume this,
Starting point is 00:11:00 and medicinal, that's why I'm thinking, what about what did you talk about? What do you think? Well, I'm going back to New York to answer the question directly, I think it's New York is surrounded by states that have taken the legislative approach. Let's tax it, let's control it.
Starting point is 00:11:11 Kind of enforce the liturability. Yeah, they're kind of being forced into the economic sanity and stabilization and, you know, people are gonna drive to Connecticut, people are gonna drive to New Jersey or get a buzz and drive home. You know, one thing on this, I still feel very strongly about, you know, I mean, breathalyzers are here to help monitor drunk drivers and to keep the rest of the safe.
Starting point is 00:11:32 And I think we still, I don't think anybody has talked about figuring out how do you judge if it's a real device to see that someone's impaired, because I don't want people driving impaired. Even if it's legal and my kids go to college and they smoke, if they do, if they choose, I want to bring up good standards about them about being intoxicated. But.
Starting point is 00:11:53 Wait, what just happened right there? So if your kids are go to school and they drink and they smoke weed and you want to bring good standards, I don't understand that part. No, what I'm saying is I want to equip them with great judgment skills. So as adults, if they choose to indulge, I have my feelings about what I hope they do and don't do.
Starting point is 00:12:11 But if they choose to, I want them to do so legally, ethically with care and consideration for the fellow citizens. And I think on the marijuana side, we still have a good breathalyzer from marijuana. Because somebody's baked. I think it's a good idea. Theyzer from marijuana, because somebody's baked. I think it's a good idea. They're not driving heavy equipment. Do we really not have anything for that yet?
Starting point is 00:12:30 Is driving under the influence of, of course, you have your breathalyzers for alcohol, but do you have any weedalysers for lack of a better term? That's the point. So there's nothing right now to find that if somebody's smoking weed and driving. My understanding there's not a consistent approved 50 state device the way the breathalyzer
Starting point is 00:12:47 and the blood test at the hospital for our question. Question becomes do they drive better or worse? That's the question. What do they see? Do they see new cars? Do you see like unicorns? Do they see lanes, multi-dimensional lanes? Others don't see.
Starting point is 00:12:59 Of course. I think we've gone to acid pat. This is, this is, we're talking about. And none of us are referencing anything from any personal experience. So we have no clue. Yeah, I mean, there's a lot of innocence at this table. OK, so interesting.
Starting point is 00:13:13 When you're telling you should never operate a motor vehicle, heavy equipment, or a marriage. We're going to see what's going to happen here with Illinois. Next one, Gen Z, getting screwed by remote work. Microsoft finds, survey finds, let's read this here. A new study for Microsoft found that among more than 31,000 workers, it surveyed 73% said they want remote work options
Starting point is 00:13:38 to stay with 46% saying the plan to move now that they can work remotely still 67% There's a bunch of percentages here 67% said they want more in-person work or collaboration to in short We don't seem to know what we want is what the article saying however, Gen. Z workers Born roughly between 1990s and 2010s responded to Microsoft survey Survey generally by saying they're more stressed and find they're struggling more than their peers.
Starting point is 00:14:09 They tend to be single since they're younger, leading them to be isolated. And since they're early in their careers, they don't have financial means to create a good workspace at home if their employer won't pay for it and they're not having those in-person meetings that sometimes help them land in career advancing projects or even get in good with the boss.
Starting point is 00:14:28 Tom, what do you have to say about this? I think there's really something here, because last year, America had to respond and we had to make Zoom work. And Matt, your business, you talk about how you guys had a great year and you made Zoom and video conference work within the lockdown requirements you're under, correct?
Starting point is 00:14:46 But what's interesting for Gen Z with less experience, where's the coffee with the boss? You can kind of look, read their body language, you can see their insecurity or their confidence, and you can have that mentoring moment. I think that that's exactly what they're talking about here. That those human interconnections are lost, and it's not developing emotional intelligence
Starting point is 00:15:05 and the management skills. I just referenced what you did with your insurance agency. Do you see it that way or am I crazy? Yes. Well last year we grew by 60 plus percent last year with Zoom. A lot of people found quicker accessibility to clientele, interviews hiring process, recruiting interviews, but we were locked down into that computer all day. It was all day, all day, all day,
Starting point is 00:15:32 from son of son down, the volume of poems we were able to accomplish in eight hour, 10 hour, 12 hour a day was massive. I think it's interesting that Microsoft did this survey, don't they have the incentive for people to use their Microsoft teams? You know, I find it's interesting that Microsoft did this survey. Don't they have the incentive for people to use their Microsoft teams? You know, that I find is a, is it a, is it a, is it a, is it a, is it a very good point? Yeah, yeah, yeah, and yet they're saying people are getting screwed by remote work.
Starting point is 00:15:53 But I, now that our offices are starting to open back up, what we've missed, what we've thoroughly missed was the in-person connections. You, you gave us a magazine to read last month. There's the Harvard business of you about how an office is a social anchor of a company culture and we just started opening offices back up again three weeks ago in Illinois in our Oprah office and people are feeling a connection all over again and in that article states that when you're in person that's when you develop a developed teamwork trust commitment camaraderie.
Starting point is 00:16:25 You don't necessarily get that through Zoom. And I think you brought up a point yesterday, Tom, is that the Gen Z worker is missing out on being around a guy like you. He's got experience. Three common times. Imagine being in an office, you're hanging around three common times, you're better
Starting point is 00:16:38 than being in an office with UPPD, the in-person connection. They have with somebody's there. They can be basically an apprentice to, they can learn from the wisdom that's around in-person environment versus something you miss out at remotely working. Yeah, I agree.
Starting point is 00:16:54 I think what they miss out on is watching across the office seeing how people interact. And there's a lot of, and I go back to emotional intelligence, I think that they lose that. I don't think that there's an opportunity to gain that. You know, my own experience here of value team, you know, film and case studies. And so I film in the studio with the team that's shooting,
Starting point is 00:17:13 but then this week being able to be side-by-side with the editing team, talking to them, you know, got to know them a little bit while we were, you know, going over and edit. You don't do that on Zoom. You're just like, So the question becomes you've got three types of people you're dealing with, right?
Starting point is 00:17:26 If you wanna get back into, or opening you back up and come back to the office, you've got the kind of person who doesn't wanna wear a mask, could care less about it, they're like, I don't even, it's not something that scares me. I'm just, you know, it is what it is. I have no desire, I'm not scared, I can't wait for us to work again,
Starting point is 00:17:43 I can't wait to be in a physical office. I want this environment, right? The second person you're dealing with is a person that always follows the rules and they're just good citizens, which is what? Do you want me to wear a mask? I'll wear a mask. Do you want me to do this?
Starting point is 00:17:55 There's just more the majority, which is I'm gonna do what I'm being told to do. So one fights it, one follows the rules, and the other one is the extreme. So the extreme is who? Don't get close to me. Don't do this. Don't do that.
Starting point is 00:18:08 Hey, don't touch me. Like even yesterday when Ted Cruz was giving his speech, before he gets started, when the reporter was like, hey, where's your mask? Because I don't need a mask. I'm speaking to you right now. He says, no, but where's your mask? He says, well, I just took the test.
Starting point is 00:18:23 I'm clean. I'm good. I'm good. I don't need to but where's your mask? I just took the test. I'm clean. I'm good. I'm good. I don't need to wear a mask. It vaccine today. Yeah, he did. So he says, the whole thing becomes right. Those those three.
Starting point is 00:18:33 How do you make those three work in an environment? How do you make the one that's kind of like, I don't think it's a big deal. What's up Tom? How you doing? You know, I'm just very friendly. The guy in the middle that just fall on the guidelines. And the guy that's the extreme saying, no, this is not safe. This is not this like making it extreme. The dramatic. The middle ones are obviously
Starting point is 00:18:51 going to be easy to deal with. Sure. Because here's the guidelines. Here's what we're doing. It's the extremes of both ends that you got to figure out a way to reason with to make this going back to office work. How do you make that happen, Tom? I mean, you've been around for a while, Matt. You've been running an office. How are you doing? I was just in Memphis last week, dealing with a couple of our guys,
Starting point is 00:19:12 Sabine Rubin-Ote and one office and Edwin, Jim, and Muscov and the other office. And they're excited to be amongst each other. And they mentioned, this is the first time we've been together in a year and all the excitement, all camaraderie and the way they feel about each other, they've built that relationship online, working together on a daily basis,
Starting point is 00:19:27 building the insurance agency. And the conversation became nice to meet you. Are you a fist bumper? Are you a handshakeer? You're asking. I'm asking. Good. And then people know I'm a hugger. I'm like, okay, in the South, I guess there are a lot of hug, a lot of huggers. No problem. You know, and so I'm asking, I said, just, I think it's another step, okay, and the South of England is a lot of huggers. No problem, you know, and so I'm asking. I said, just, I think it's another step, you just ask, are you a fist bump or you're a henchman? Would you come to elbows? And some people are just elbows, no problem.
Starting point is 00:19:53 Hey, you know, I can see that. What you think it's on? I think there's two things. So the first thing in all this is, you know, you let the people know, you know what, if the civic is locked down, if this is here, we're gonna do what the state is asking us to do. And so we're going to take care of that.
Starting point is 00:20:12 And then like there's somebody, there's a great editor that I work with Kyle. And he still feels a little uncomfortable. So when you come to his cube, he would prefer to keep, he has a bandana, he'd prefer to keep wearing that. But he's reasonable. He's very reasonable, he gets his stuff down, he just a bandana, he'd prefer to keep wearing that. But he's reasonable. He's very reasonable, he gets his stuff done. He just says, hey, I'm just not comfortable yet. I have an older relative, I guess he lives here.
Starting point is 00:20:30 Sure, sure. He says, hey, I get that. So I give him the space, it's all cool. You kind of elbow it a distance. So I think you show Karen consideration for the person's viewpoint, but you got to have a reasonable office environment where you're getting things done, and the inmates can't run the asylum to say let's put a plexiglass corridors everywhere.
Starting point is 00:20:48 So I think you show Karen consideration and you also show that you're complying with the state and that I think you just guide people by example and just show a little respect for their particular feelings. This leads me to we work, which has a lot to do with what we're talking about, right? Here's we work a company that decides to go public through a spec deal, right?
Starting point is 00:21:07 We all know what we work is. We work is essentially what? It's office space, right? If you want a bunch of businesses coming together and we work in the same office space together. Which by the way, brilliant idea, they were killing it. I mean, everybody was talking about it. Sort of a cool version of Regis for the market.
Starting point is 00:21:22 Exactly. They get old, Regis, old, old buildings that they would never do up, yeah, exactly. So the office sharing startup plans for its high profile IPO imploded spectacularly in October 2019 due to widespread criticism over its business model and its founder, Adam Newman's management style,
Starting point is 00:21:38 we work at Hill Talks with at least three blank check from SPACs. Over the past two months cautioning that the current talks could fall apart. We have SPACs approaching on a weekly basis. We work executive chairman Marcello Clark said who used to be with Sprint. We work was valued at $47 billion in 2019,
Starting point is 00:21:58 but Sal's valuation plummet to roughly $8 billion after SoftBank was forced to extend the lifesaving financing lifeline at WeWork. to roughly $8 billion after Softbank was forced to extend the life-saving, financing, the lifeline at WeWork. So the part everybody has to realize it's even before the pandemic, these guys were having problems. They fired out of Newman, they laid off 2,400 employees,
Starting point is 00:22:15 lost billions of dollars, and then comes coronavirus, they get crushed. Tom, do you think these guys can recover from it and be a business model that's profitable that people would want to invest in? I don't know. I mean, Marcelo Clar has basically done more stabilization than innovation.
Starting point is 00:22:33 He stabilized things, and they're trying to get out with a story. But you know what's really interesting, I think the whole thing, they're waiting for people to go back from work from home to use office again, because we work was about, hey, if you step back and look at we work, they were for Gen Z, the open lobby, everybody gets to hang out together, you know, there's a word for that in COVID, it's called super spreader. So I don't know, they got to convince people that that business model is going to work and that businesses are going to come back and want open
Starting point is 00:23:03 areas where people can hang out by the coffee machine, learn from each other, and each business have their own little private Idaho in there. But I think soft bank, I mean soft bank, that's 47 million things, soft bank hit hard wall. You know, that was not fun. And so I think they want to get out and they almost have to get out to the market so they can put this money in the bank, but they got approved everybody. There's a real business there. Would you invest in we work right now? Nope.
Starting point is 00:23:29 Like, are you buy, sell, hold, neutral? I've got great respect for Softbank, but I think they're in a very hard place. Why are they doing it, though? These are smart people. Why are they getting into it? Put your head on and say, what alternatives do they have? Right? They need capital to run this. This is continuing to run at a loss even before the pandemic. So how can rents be up that they're actually making a buck?
Starting point is 00:23:54 Is this if a soft bank is deciding to do something like this? Is this a good sign for everybody else to say that if a company like Softbank views everything going back to normal, if they're risking money like this to invest into a company that's a mess like we work is because of what happened in 2019 and the fact that pandemic crushed them, I'm not even talking about the issues prior to the Adam Newman's management style. Let's set that aside. I'm just talking about the consequences of what COVID did to we work. Absolutely. If they're investing, are they indirectly sane? We feel the future looks bright. Everything's going to go back to normal. For me, this is this,
Starting point is 00:24:34 if you really asked me to invest in it, I know, when am I putting my retirement savings, then I'm knowing that it needs to be there when I retire. No, I'm not doing that. I'm putting a little bit of my money towards, of Of course I would because I believe in the, we work off a sharing platform. We've got a bunch in downtown Chicago at the merchandise market. And just a bunch of incubating entrepreneurs are there. I think the attraction back again,
Starting point is 00:25:01 again, back to the connection, because you can't really connect with people on Zoom. And I think if you're gonna connect with other entrepreneurs of people that are incubating too as well, and that phase of their business, we work type of operation and grows. They got some SPACs approaching them,
Starting point is 00:25:18 you know, the top of money is being thrown in this direction. I think we're mad at it. If I'm an incubating entrepreneur today, I'd be looking for a weWorks top of off a sharing platform to start my business. So, yeah. Interesting. If you're watching this, I'm actually curious right now.
Starting point is 00:25:33 Okay, let's take a look at this. We got 217 thumbs up, Kai. I don't know if you're seeing it. We got 217 thumbs up right now. No thumbs up. I'd appreciate the love if you're with us. And if you haven't subscribed to the channel, please do so. And some of you that think you already are subscribed.
Starting point is 00:25:46 This is a different channel. It's a P.B.D. podcast channel. So click that subscribe button and the notification. But I got a question for you. I got a question for you. Thumbs up if you are fully comfortable going back to work and be around others, you know, where, you know, how it was in 2019
Starting point is 00:26:04 and you're like, I cannot way to go to a fully environment. Thumbs down, if you're saying it's reckless, we're starting way too early, we should take our time. So smash thumbs up. If you say, yes, we got to get back to work and being around each other, thumbs down if you don't. So we have 217 and zero. I'm actually curious to know what happens to it so far, uh, uh, voting with that. Most people are saying they want to get back to work Do you see that only two people so far have said no most of the world not what the media tells you not what the You know focus groups of a certain niche group of people tell you right by the way 321 to 1
Starting point is 00:26:39 Think about that that means a hundred and four people voted thumbs up person said, I don't want to go back to work. So to the person that said, you don't want to go back to work, do you mind commenting below and saying, okay, now we went to five. Let us know why you're uncomfortable of going back. Is it the fear of, you know, COVID being contagious? Is it the fear of, you know, what if I get sick and what's happening right now with different schools or different places and, you know, it's the spread that's taking place in different places, it's happening right now. We had a conversation with a couple of schools that are going through it in Texas that this is taking place. We experienced it ourselves. Or is it just something where the tipping point is, I just
Starting point is 00:27:24 don't want to work in an environment anymore? Because a part of this, I know certain people who are introverts that they would love to work from home for their lives. Exactly. They would love to not be around other people. So how much of this is revealing the extroverts and the introverts? Okay. How much of this is revealing who has always wanted to work
Starting point is 00:27:46 from home and they never wanted to be around others that would much rather do their work and not go to a work environment. And how much of it is, you know, I'm just scared of wanting to go back. I'm curious. PB to Vassue and many conversations, you know, because you know, you get distracted all the time
Starting point is 00:28:03 by all these different ways to make money online. all these different ways to do e-commerce, many different ways to run a business from behind the computer, the four hour work week cover person, right? And number two, can run an Amazon, drop-zip business. Drop-zip business. Yeah. And so I've asked you, and if you could share with the viewers and listeners here, what your answer was to me, because I asked, can we really run an insurance operation, growing insurance operation, or any business operation
Starting point is 00:28:30 that requires people to be working together with something that sustains and lasts and creates generational wealth, can we do this from behind the computer? And your answer to me was, if you want to build something at last, man, I think you need to be around and build something together cohesively as a team in an environment.
Starting point is 00:28:50 What do you, can you continue on that? I always battle with one thing. Let me tell you what it is. I remember one time reading an article about, here's what's the mistake of millennials. And here's how they are. And here's the genoc, just talking about the younger generation, all the problems that they have.
Starting point is 00:29:04 But the sentence that ended with, this is time magazine, the sentence it ended with was, but then again, if you are complaining about millennials, maybe it's because you're getting older. Okay, because every generation told us that. They're like,
Starting point is 00:29:20 oh, these men like Elvis Presley who are shaking their hips, you know, this is not good for our kids and our daughters. They should not see a man move his hips the way he does. This is not appropriate. It's not the conservative thing to do. Elvis Presley was, you know, moving his hips and girls were going crazy. I hope I'm on my own.
Starting point is 00:29:38 That's right. Right. My music makes me move. So, so you got that. So the older generation, you know, I'm not 42, which means I'm young enough to connect to the 2030 rules, but I'm young enough to connect to the 2030, but also at the same time, old enough where it's 50 is, you know, just 10 years and 60 is right there. It's not like, you know, when I was 20 today, 60 year olds were 40 when I was 30 they were 50. When I'm 42, they're 60, right? So we're right in the middle. So for us to say, you know, the Zoom model is the only way to go is the old school model.
Starting point is 00:30:13 That also means maybe we're not adapting with the time. That also means maybe we're getting too old and we're not willing to adjust and see what the directions are. Maybe the younger generations got something to teach us. And we have to realize this is something that is gonna be here to stay. But at the same time, at the same time, at the same time. How many times have you gone to someone's house
Starting point is 00:30:36 where the kid has been, what's the word I'm looking for? Where they are isolated? I saluted from everybody their entire lives because the parents are so paranoid what and I'm not even talking about covid I'm just talking about parents who hardcore isolate their kids from everything and you talk to the kid how are you good how's your day today good so what's your favorite thing to do video games what so I don't know yeah, I don't know right you say so I'm like dude like Where is the soul man? I'm like let me like where's the conflict? Where's where's so how do you get that the only way you get that
Starting point is 00:31:12 Is what to be around other people you know what makes us different from animals as we can respond we can communicate We have a way of talking to each other we can create we can work to get as a community So I think both is needed and I'm kind of glad Microsoft is doing the survey, by the way. I love when companies do a survey that some parts of the survey contradicts their own business model. And for these guys to own what they have to say, we got to kind of get back to work. It makes sense.
Starting point is 00:31:35 But we will not know the consequences of the way we handle COVID and the isolation, it'll take a minimum of decade or two to see it. Because a six year old that was going to school is gonna be 26 one day, 16 and 10 years, you ain't gonna know what this is gonna do to him right now. Is he gonna make a full recovery, is he not? That's the one part we don't know. So no matter what anybody says, experts,
Starting point is 00:32:03 any doctor, anybody says none of us know what is really going to happen 10 years from now. The whole thing with the vaccine when I talk to certain people that don't want to take it. Like yesterday, one of our friends Jose, he goes to the hotel and she says, this 22 year old girl is like, I can't wait to take the vaccine. And then everything can get served. Please be careful touching that. You know, you don't want to get sick. And then Jose asked the lady says, can I ask you a question? She says, yeah. So what's in the vaccine? She says, well, I think it's all good stuff.
Starting point is 00:32:34 And she says, he says, when you eat, do you not look at the label on what's in it? Yeah. Don't you think it's a good idea for you to also know what's in the vaccine? I guess that makes sense. Well, we don't know what's in the vaccine. So the people that are uncomfortable with the vaccine, and I know we're making a big push right now you bite and talk by yesterday going to 200 million. Right. He's already done a hundred. He wants 200 million in the first 100 days. 100 million in the first 85 days. The challenge with us is we also don't know what's going to happen with this vaccine side effects for decades. You're not going to know what's going to happen. There's some side effects that could be a decade. Two decades. How about the military shots we took when we're in a...
Starting point is 00:33:09 Look what happened to us. You know, so we have no idea what those shots were that we took. So we are not really going to know the side effects of the level of isolation and people working from home for quite some time. Kids and some adults. Tom, do you have any feedback on this? Yeah, I do. I think you're making some great, great points. And right now, I look at it like this. It's not binary, but the news media,
Starting point is 00:33:31 looking for the story, kind of treats it as binary. Like all work from home or not. And I think what happened is business found a way to make it work and make it work profitably. And we found certain parts of business that like, coders could be working remotely, still on a team, be very effective. But the human interaction and the culture of the business can't be communicated over Zoom.
Starting point is 00:33:52 And so I think it's not binary. And I think one of the things we're going to find out later to your point, we're all going to look back at that and find out that maybe culture and the human this is lost. Even though, well, my coding worked well. I made a profit that year. Everything got done. I don't think we're going to know for about 10 years.
Starting point is 00:34:09 We're going to look back and we're going to see, wow, did we lose that interconnection? You know, long before, I'll tell you something, long before, go fund me's. If somebody that didn't make as much as other people lost a relative or something, we did go fun. We took collections in the office. We said, wow, you know, this is an only child. It's going to be responsible for barren. Their uncle and his got all this stuff. So we would
Starting point is 00:34:36 pass the hat and then have like HR quietly say, your co-workers have risen up to kind of help you out here. We did a good, is a cultural moment for that person and there's a lot of that stuff I think is gonna be lost into your point. I think it is gonna be 10 years. What do you think? You look at your insurance agency now and a year ago where do you think the impact is? I mean I'm thinking the where I got stuck on in terms of the vaccine was if if she was pregnant, would I trust her to take the vaccine? And my answer is no. I agree. It went out. It went out so quickly. What was it? Three months of testing.
Starting point is 00:35:11 So how do they find willing pregnant women to do a true test across the developmental nine month flow of a child to see what microdoses to see if something's up? Yeah. 100%. P.B. What do you think? I, we will find out here in the next few years on what's going to happen. Exactly. With microdoses to see if something's up. Yeah, 100%. Peabee, what do you think? We will find out here in the next few years on what's going to happen. We're going to find out what's going to happen next few years. I think one thing I do bank on is the ability
Starting point is 00:35:34 for human beings to adapt. And some adapt faster, some adapt slower. Dose who adapt slower typically are led and respond to those who adapt faster, are led and respond to those who adapt faster similar to what happened in sports. Everybody responded to what Dana White did. Everybody's shutting stuff down. Dana White said, we're going on an island.
Starting point is 00:35:52 And they said, well, maybe we've got to do it. And then Orlando opened up and they said, we're going to do the bubble basketball. So people, so there's typically one person that goes out there and does it. And he's a risk. He's got the biggest risk to tip because if he screws up, everyone's going to say, I told you not to do it. But he's a risk, he's got the biggest risk to take, because if he screws up, everyone's gonna say, I told you not to do it, but he's also got the highest potential of being a hero because if he wins,
Starting point is 00:36:09 everybody says, damn, he's smart. Look what he did, let's follow his suit. So we're gonna see, there's gonna be companies that are gonna open up and they're gonna get hardcore criticism from the marketplace. And then there's gonna be companies that are not gonna open up, that they're gonna get what? Hard core support and empathetic. Oh my gosh, you're so wonderful for doing what you're doing. One of them is going to be a hero and one of them is not in the next
Starting point is 00:36:35 year or two years. We're going to look at one and we're going to say, wow, good for them. They knew what they, those guys were too scared or vice versa. We'll see what's going to be happening. So time will tell, I don't think any one of us can see what's gonna happen right now. But I wanna go to some of the people here that commented and Aaron Delgado gave $20 and he said the following. He said drunk drivers blow through stop sign. Stone's drivers wait for them to turn green. I'm gonna say.
Starting point is 00:36:58 I'm gonna say. I'm gonna say. I'm gonna say. I'm gonna say. I'm gonna say. I'm gonna say. I'm gonna say. I'm gonna say. I'm gonna say. I'm gonna say. I'm gonna say. Nicole Serino gave 10 bucks. She said she wants to see Tulsi Gabbard and Dave Rubinon
Starting point is 00:37:07 to discuss Pat's tax idea for California that was by far my favorite discussion ever. Roll tide. Nicole, why don't you go on Twitter and tweet at both of them with my handle and then we'll see if the audience wants to see it or not and what kind of traction we'll get. Odora Noel Zenitman gave 10 bucks. Jen Zeez, need to get into real hard working jobs
Starting point is 00:37:25 Not remote wishy was she jobs unless it's straight up code writing this generation has its way too easy and our least appreciative of honest Hard work then we have another person your Rubin Zuvolona said good morning. Please interview George Friedman and geopolitical futures. It would be on the top of One the top interview for us versus China Kai make a note of that and we'll take a look and let you know how that goes. Then we have 50-year journey. He said it's not a gift, $20. It's not about work more than it is about social aspect.
Starting point is 00:37:52 We are mostly social by nature. A week works will allow for that without the feeling of a slave office feeling. Plus, it gets rid of the business liability for COVID. Very interesting. Very interesting. And then we have good mother who said the following. She gave 10 bucks. plus it gets rid of the business liability for COVID. Very interesting, very interesting. And then we have good mother who said the following,
Starting point is 00:38:06 she gave 10 bucks and she said, all the people I know personally who want to stay home are female. All the people I know who want to stay home are female. I would be curious to go a little deeper there with data to find that if majority of the people that want to work from home are female. I don't know.
Starting point is 00:38:25 Maybe that's her reality, her circle. That could be her reality, her circle. But if somebody could do that data to pull it up, it'd be a very interesting research to discuss. So one of the folks on Twitter, if you got any questions that you want us to address, if you go on Twitter and tweet with PBD podcast, hashtag PBD podcast, we will address some of the questions that you may have.
Starting point is 00:38:46 One of the guys here asked about Bitcoin, Daniel Mateo said, NFTs and Bitcoins are as the global reserve currency. Well, before we go into the global reserve currency, why don't we talk about what Ray Dalio said about Bitcoin being outlawed. Here's what Ray Dalio had to say about Bitcoins being outlawed. Here's what Ray Dahlio had to say about Bitcoin's being outlawed. The founder of the $150 billion H1 Bridgewater Society of the world's largest made a case that there's a good probability Bitcoin could be outlawed similar to when the US government made it illegal to privately owned gold. As Dahlio points out in his upcoming book The Changing World Order,
Starting point is 00:39:21 the Gold Reserve Act of 1934 made it illegal for individuals to own gold because government leaders didn't want to compete. They don't want gold to compete with money and credit as a storehold of wealth. Some things similar would happen with Bitcoin, which has surged against a backdrop of high level of debt, low interest rates, a lot of liquidity and stimulus, and investors seeking alternative to bonds and currencies. Every country, here's what he says, every country, treasury, treasures, it's monopoly on controlling the supply and demand. Very powerful statement. I'm going to read that again.
Starting point is 00:39:53 Every country, treasures, it's monopoly on controlling the supply and demand. They don't want other monies to be operating or competing because things can't get out of control. So I think that it would be very likely that you will have it under a certain set of circumstances outlawed the way gold was outlawed. Thoughts, Matsupala. Well, gold was outlawed in 1933 and in terms of holding possession of actual physical gold. And then it was a Gerald Ford 1974 that said, okay, you can have a back. They repealed it. Is this potentially something that Bitcoin can
Starting point is 00:40:31 be outlawed temporarily for that 30, 40 year process until the government can figure out what type of role that Bitcoin can play in our economy? I've always said this from the beginning, my position on it in the beginning. Bitcoin sounds cool. It sounds very good, but there's a there's in my investing world of intrinsic value and imputed value. Intrinsic value, I mean, there's an actual asset and it's actually generating value behind the company.
Starting point is 00:40:52 Imputed value is what you think it's worth. For me, as an investor and me not coming from any money, driving a bus as a kid and now in an honest time make money, it doesn't mean I'm frivolous with money, just throw money at things. For me, it's hard for me to personally bank on. Again, I won't put my retirement savings here, money that you know needs to be there into something that, and again, I'm not giving financial advice, but I am saying that for something that
Starting point is 00:41:15 is imputed, it's kind of hard to see the government saying we're going to release control of the number one way to control American citizens into something that decentralized, it's only one government regulation away from Bitcoin being outlawed and the opportunity being stripped away from it temporarily. If you're watching this, if you're watching this comment below, do you think Ray Dalio is right
Starting point is 00:41:39 and there's gonna be some kind of a, you know, a Bitcoin being outlawed or controlled by the government? Tom, what are your thoughts? Well, I think Ray's not trying to make a controversy here. I think he's really looking at a historical case study, because the government, so they control the interest rates, they control the money supply, M1, M2, and they're out there wanting to have the knobs of the economy, and they don't want a secondary currency or value under there. That's why the whole thing happened from the Gold Reserve Act in 1934.
Starting point is 00:42:07 So I don't think race trying to be controversial, but I think that the governments with the Fiat currencies and Fiat currency meaning currencies that are not backed up by Gold or Silver, they're just the implied trading value at that moment as compared to other currencies. They don't want to lose that because they lose control of the actual economy itself and their secondary economies.
Starting point is 00:42:30 There is a case study on this and it is Russia. And the joke during the Reagan administration with Russia is like, hey, Russia can come to the monetary trading system once they have a currency of defined value that can be traded against other currencies. And remember, the rubble was a joke at the time. Remember that? People said, what are you talking about? They do have a currency that trades against other currencies.
Starting point is 00:42:54 It says, it's green. It's got pictures of US presidents on it. And so the joke was that it was US currency, was the hard currency in Russia that the Russians would actively conduct commerce on. And that flipped out, you know, the Russian government. So the government's, and there's your case study there, forget about communism, forget about things, but the Russian government didn't want the US dollar to be, you know, this underground currency and they put a lot of steps in, try to control that and it failed.
Starting point is 00:43:20 But the government's going to give up that control, man. So, so go ahead. P.V. What do you think? I mean, Dali was got a vested interest to outlaw, man. So, so go ahead. P.V. What do you think? I mean, Dali has got to invest in interest to outlaw Bitcoin. I mean, he's a FI currency guy. He is a FI currency guy, but this is my question for you about Bitcoin. Okay.
Starting point is 00:43:33 Kai, I want you to think about this as well from a young standpoint on what you would say about this. So what is more necessary and beneficial selfishly for the government? So think like a politician. Think you are Biden. Think you are Janet Yellen, who Janet Yellen's been one of the biggest proponents of trying to control Bitcoin.
Starting point is 00:43:54 She's not a Bitcoin person. She's not necessarily a pro Bitcoin person, right? Taking Elizabeth Warren, is Elizabeth Warren pro Bitcoin? I don't know. She's a regulation person, right? If you look at a Biden, a Elizabeth Warren Probidcoin? I don't know. She's a regulation person, right? If you look at a Biden, a Elizabeth Warren, a Bernie Sanders, here's what's the weirdest things that's happened. When I talk to people, the guy that sold that NFT,
Starting point is 00:44:14 can you pull up NFT underways every day? He just did a nice one of Elon Musk yesterday, by the way, I don't know if you saw that or not. Pretty sick when he did yesterday of, so he sold this for $69 million. I asked the question in the interview, I asked the question in the interview, Tom, you've heard about this the every day,
Starting point is 00:44:33 it's 5,000 days, every day he designed one, and then he put it to get as a collage. He's very prolific, people. People, he's phenomenal, right? So him and I spoke last week, Mike, and I asked the question when he did the auction at Christie's and Christie's, you know, Christie's auction house, they do bigger things, they do artwork, they do stuff that's physical. He said there were 33 bidders, active bidders,
Starting point is 00:44:57 the last hour of the item. It was like at 14 million ended up selling for 69 million. I asked the question. I said 14 million 33 bitters. He said yeah, I said out of those 33 bitters How many more Bitcoin mill how many of them are Bitcoin millionaires? You said all of them. They're all Bitcoin Piotr crypto cryptocurrency people. So which means what every once in a while You know something comes in where most people don't take advantage of it. Okay. We're an average regular Joe Who is a little bit, you know different weird people call them crazy people call them out of the ordinary ends up buying Into it and they put a thousand dollars in Bitcoin when it was nothing a quarter a dollar two bucks ten bucks 30 bucks Whatever it is they put ten thousand dollars into it. Now they're millionaires. Now they have money.
Starting point is 00:45:48 Some of them have real money. Some of them have a few hundred million dollars. A few of them are billionaires, crypto billionaires that are out there, right? Okay. What happens when people are popping out being billionaires and millionaires in an industry that not many people looked at and trusted
Starting point is 00:46:05 and there was a community that was doing, I don't know if there's gonna, maybe there's gonna be some stuff that's going on that's shady, now they have that money. Okay, so how much money was being made selling cocaine years ago, and I'm not making it comparison, the owners and I'm saying this, I'm going to a place with this.
Starting point is 00:46:19 How much money is cocaine per year? How much money is pot per year? How big of a business is it? How much money was alcohol when bootlegers used to make money behind how much money is it, right? So is the government more concerned about control and the worry of currency manipulation with Bitcoin? Or is the government more concerned about collecting taxes?
Starting point is 00:46:44 Because if you do over-regulate, crypto or Bitcoin or any of that, then where do you collect the taxes from all these people that are making billions of dollars? That's revenue going back to the government. So what's more important to the US government? The control of the currency to not be able to manipulate our current fiat currency or the ability
Starting point is 00:47:02 to collect more taxes and add a tax to it. So again, let me go a little deeper so this makes sense to you. So maybe there is no regulation, but maybe there's a Bitcoin tax. Maybe they said we're not going to regulate it, but we're going to add a 15, like you know, the same thing they said that we tax in New York, 13% nine goes to the state, four goes to the localities. What if there is a tax on Bitcoin rather than a regulation? Is the government thinking revenue or is the government thinking
Starting point is 00:47:27 control? What do you thought? I think control is taxation. I think if you're going to control it because you want to tax it. And if you can tax it, you can find a way to manipulate it. I think it's both PBD. Great point. When Russell O'Conn, the NFL player, has paid half of my $30 million in Bitcoin. So how do you tax now half of a salary? When the other half of a salary13 million in bit-sale. In bit-sale, yeah. In bit-sale, I mean, so how do you tax now half of a salary when the other half of a salary, it's easy.
Starting point is 00:47:47 40% just chop right off to the income taxes, but the other half of a salary went from 6.5 to 8.5 to 10. You can't tax it because it's Bitcoin. So I think it's both PV. Tom. I think the conservative side of government wants reasonable controls. And I think the highly conservative side of government wants reasonable controls, and I think the highly liberal side of government wants to tax everything with controls.
Starting point is 00:48:12 So I think it's a little bit of both, and I think the central banks and the money policy people, they want the control back, because they control the world's financial system. Tom, if you and I, you've been in the world of dealing with investors for a long time, right? And investor, if you represent an investor and he brings into money, okay, what are some ways investors control the entrepreneur? What are some ways, if you would have told us,
Starting point is 00:48:37 I know it, I'm just hearing from you so the audience can, what are some ways, the investor says, I'll give you this five million, I'll give you this 50 million, but these are the controls, what are some ways, investor says, I'll give you this five million, I'll give you this 50 million, but These are the controls. What are some ways the investor controls the entrepreneur? Well, the most common thing that people find with venture investment or private equity investment is what's called the preferred position They have what's called preferred stock. So they get to approve every transaction over X and then there's the operating committee You have your boards and they get a couple board seats. So now they got a certain number of boards.
Starting point is 00:49:07 So they put these control that in exchange for my money, I get these controls because you're a nice entrepreneur. I want to make a buck on you. We all want to make a buck on this. But we're going to be on your board controlling these things. And then you can't spend or do things beyond a certain limit here or bad things happen. And so they put controls around their money.
Starting point is 00:49:28 And how many controls are there? Like, let me, let me, maybe you're not going as deep as, as it can be. So one is preferred. The other one is voting control. Correct. The other one is how much money you can pay for yourself or salary. Sure. The other one is how much money you can spend in one transaction.
Starting point is 00:49:43 So if you're going to do anything, anything that you're going to spend over 50,000 dollars. You need our approval 100,000 dollars half a million dollars a million dollars Whatever how much the profit money is a bonus for executives versus a dividend back to them to to everybody that they participate in There is so many different ways that they create controls, right? Correct. Here's a question for you historically What are some ways the US government can impose controls on Bitcoin? Taxation being one of them, what are other creative ways that a Janet Yellen or a Biden administration can create controls on Bitcoin and cryptocurrency? Wow, you're spook. I was Wikipedia spook. So all I'm asking is, there are so many creative ways. What is the way?
Starting point is 00:50:30 What are they gonna do to create controls? You know, it tax being one of them, regulation being another one. You know, how much a, like you know how, remember when the GME, the game stop stock went up and then all of a sudden they said what no more activity no more activity is there a Lid to be put on it on how much it can go can they price it themselves? You know one control is coming and saying hey go this worth what was a dollar amount back in 1934 where there was a Goldworth 30 to a $29 $34 dollars. You remember what the number was?
Starting point is 00:51:04 Some number like that would they say, here, they dictate what it's worth. So Ken, what if they come out and they say, we're gonna regulate, you say Bitcoin's worth $50,000 per, we're gonna put a number on it. Bitcoin is worth $10,000 per. Like, I'm not saying that's what they're gonna do. All I'm asking is, you have to anticipate
Starting point is 00:51:23 that regulators think very differently than freedom, libertarian, leapy, alone entrepreneurs, innovators. So we have the SEC in the market controls, right? And the SEC influences, used to be the MX, used to be Chicago Board of Options, you had all these markets out there where you could buy and sell stuff, whether it's fruit and livestock futures or a share of stock, or an option on stock. And the SEC has got things in there about volatility and what's called the circuit breakers.
Starting point is 00:51:52 If the circuit breakers trip, they suspend trading on things. So they can put tight controls in there that are deemed to protect the investor. Robin Hood remember limited how many you could trade a certain day, SEC could step in and do simple things like that. There's a lot of ways that they could control the momentum, the amount, and go back to the, it's not even 100 years ago, the Federal Reserve Act, 1934, of how much you can own.
Starting point is 00:52:17 I just thought about something. The easiest way to control the manipulated is to increase, if you want to pay for something, you can cash. If they want to pay for something, you can cash. We can hear you. If they want to pay for something in cash, or credit cards at this price, but if they want to pay in Bitcoin at this price.
Starting point is 00:52:30 Yeah, the other part is like, look what happened with the industry, you and I are a part of, right? You got a Joseph Kennedy who gets recruited by a Roosevelt to come in and try to figure out the stock market manipulation. And Joseph Kennedy calls a meeting apparently that says, hey, everybody needs to come to New York who's selling stocks
Starting point is 00:52:45 and people didn't show up. And he's like, wait a minute, you better listen to me and show up, they didn't show up. So he says, you know what? The only way you can sell stocks moving forward is you have to pass a license called a Series 7. Then everybody ended up showing up. Then he said, the only way you can sell it,
Starting point is 00:52:57 you have to fingerprint because back then there were cashews being handled. So they came and do a finger. We're doing finger printing till today. We don't even touch cash. We don't even know why we're doing finger printing till today, right? So there's an element of licensing There's an element of you know those are the things like how all of it They're pretty creative when they came out with regulation
Starting point is 00:53:15 Kai do you have something in mind you want to share with us? No, so I think I think the biggest thing for them also now that Essentially because Bitcoin you keep in a wallet right that wallet essentially the government really doesn't have access to They don't know how much is in there depending on how much you've earned if you buy in low you sell high kind of this that in the other I think a big part of it is That that money can sit in the wallet and you're not paying any capital gains or anything of that kind So now that say Tesla is allowing you to buy a Bitcoin, right? Or buy it. Yes, Bitcoin. Yep. I think that's the only place where government realistically can then go in and take a piece of the pie because
Starting point is 00:53:51 Now they can see oh you have that you're trading that value So then they have to come in with some sort of tax there because if not the Bitcoin can just sit in a wallet and that money can store that money can stay there It can grow yada yada yada or the other way is when you then put that money from the Bitcoin into your bank then it's kind of like oh suddenly you have 40 million here what's going on Mr. X Y Z. So for regulation or just purposes of taxes I think that they're going to have to find a way to tax spending money with Bitcoin on buying something in that transaction you have to find a way to tax spending money with Bitcoin on buying something in that transaction. You have to find a way to kind of get a piece of the pie there.
Starting point is 00:54:28 I remember when you're right, Kai. I remember when there's a point in time you can buy something on Amazon or eBay without having paid tax on it. There's no tax on it. Now they're tax on it. That's right. So this is just another evolution. Can they stop Bitcoin? I don't think they can, but they can find a way to tax it. Yeah. Well, there was also that you, big coin, I don't think they can, but they can find a way to tax it. Yeah. Well, there was also that long ago, you could commit several wire transactions, and you could effectively obfuscate what you were doing with money. And then the federal government said, okay, to control it, they forced the banks to be the reporting agency and be not really the cop of the reporting agency. So what's the limit on a wire transaction now where the bank has to turn in your Social Security number and the wire transaction? Ten grand, right? A
Starting point is 00:55:08 deposit of $10,000 in a bank the banks have to report it, correct? So now whose now the government's got the okay in exchange for FDIC insurance, you have to and all these other benefits of connecting the money supply and the overnight borrowing rate for all the banks. Now you have to tell us every time there's a transaction of over $10,000. That's a good point. So now they're collecting all the information so they can come back to you on an audit and say, Matt, you had all these wires going back and forth, you can no longer hide where your money's coming going from. Was this income or is this savings to check in? What was going on here? And they
Starting point is 00:55:39 know it. So there's a lot of other controls that go in there. That was one of the first, we talk about the government having too much data on us and things like this. That was a data gold mine for the IRS auditors. Now they had the banks recording and reporting every $10,000. So banks would have FDIC, if the bank was to go into the default,
Starting point is 00:55:58 the banks have FDIC. If a brokerage went to default, have the SIPC, What would it be for crypto? What would be for Bitcoin? There isn't then well there wasn't those until they needed them was that correct until people started losing a lot of money That there it is there's a protection so so you're saying if all of a sudden a lot of people lose money And there's a dramatic drop off then we may have an SIPC type of the thing set up correct got it interesting Okay, to protect the consumer. There'll be a crisis and government will say never let a good crisis go to waste and we may have an SIPC tap of the things set up. Correct. Got it. Interesting. Okay.
Starting point is 00:56:26 Okay. There'll be a crisis and government will say, never let a good crisis go to waste. And then the name of protecting us, there'll be regulations and systems put in place. We got home-line security protecting us as we go on airplanes. Now that didn't exist, right?
Starting point is 00:56:40 But we had a crisis and now we have a new government agency. And this Ronald Reagan said, there's never anything so permanent as a temporary government program. Receipt bills and stop signs and stop lights came from because somebody got into a wreck, cost people their lives. Okay, crypto right now is at $53,000, right? Crypto right now is at $53,000. What's more likely? Crypto going to a million or crypto going to $10,000?
Starting point is 00:57:04 Oh, good one. What's more likely crypto going to a million or crypto going to 10,000? Oh, good one. I'm the I'm the optimist. I'm going I'm going to a million. Million. Oh, you, you, wait a minute. You think 10,000? So you would it could have come back to 10,000 on a cell spike, a spike of selling momentum that drives the price down.
Starting point is 00:57:26 Sure, it could. But the limited supply of crypto is like limited supply of real estate and Malibu. The way that works, that limited supply ensures scarcity. So I think there is actually, yeah, could it touch 10 grand on a trading blipread? So many people trading on a certain day, sure. But I think long term, it's more likely that it continues to trend to a million. Very, very interesting. By the way, if you like the exchange and the ideas we had on the Bitcoin side, hit that subscribe button
Starting point is 00:57:54 and the notification button. Even if you think you're subscribed, believe me. Many of you are not. This is not value-taming. This is P.B.D. podcast. Click on that subscribe button. Next topic to get into is Biden's press conference. Did you guys have a chance to listen to Biden's press conference?
Starting point is 00:58:11 Some of that. I confess I didn't dive in deep. So, from what you heard, the topics that they had, I'll go to page six. A part of it was his reelection. I watched the whole thing and it was pretty interesting seeing what was said, because there was one side that they said he was horrible, and there was one side that said he,
Starting point is 00:58:30 this is the greatest of maybe the goat of president from what he did. So Biden intends to run for reelection. President Biden, the oldest person to be sworn into office 78 years old, said he intends to run for reelection, asked the vice president, Kamala Harris would be on the ticket,
Starting point is 00:58:44 he said I would fully expect that to be the case. She's doing a great job. She's a great partner. Biden said former president, Donald Trump, has filed for reelection. Early in his presidency had filed for reelection. Not has filed for reelection. Had filed for reelection early in his presidency because he needed to. Biden also said, oh, God, I miss him with a laugh.
Starting point is 00:59:05 As if he expected to run against Donald Trump who's 74 years old, Biden said, oh, come on, I don't even think about that, I have no idea. Biden then blamed Trump for all the border issues, which he got into pretty aggressively. I think most, the COVID topic lasted two minutes of the entire thing. Meaning media is not even worried about the COVID topic lasted two minutes of the entire thing. Meaning media is not even worried about the COVID situation.
Starting point is 00:59:28 You have to know that media only asks whatever area you have problems with. So if the media didn't ask any questions about COVID, that means they're over it. Listen, it's good. We're going back 100 million, 200 million, you know, but they spend a lot of time on immigration, okay? Under pressure over the flow of immigrants,
Starting point is 00:59:46 migrants of the southern border, Biden took aim at his predecessor, saying that the president Trump eliminated funding and resources for the border. Biden said what we're doing now is attempting to rebuild. We're building up the capacity that should have been maintained and build upon and Trump dismantled it. It's going to take time.
Starting point is 01:00:03 Unaccompanied minors are crossing illegally each day in record numbers with total crossing this year on pace to hit a two-decade high, facing groaned bipartisan pressure. The administration is ramping up. It's diplomatic efforts and racing to find more shelter space to house children as a tries to tackle surge of asylum seekers without adopting
Starting point is 01:00:24 the aggressive deterrence strategies of previous administration. as a triceutacl, surge of asylum seekers without adopting the aggressive deterrence strategies of previous administration. So, you know, a couple of things were asked, which was interesting. He said, we're about to put 5,000 beds in Fort Bliss for people, the migrant kids that are coming here, people that are coming here from Texas. And then the question was asked by two ladies.
Starting point is 01:00:43 One lady says, look, your campaign was around how noble of a man you are and how amazing of a man you are. And do you think more immigrants are coming to America because they're seeing you be more reasonable and so they're wanting to come to America versus when Trump was here, they felt like they're gonna send their kids back. So they didn't send their kids.
Starting point is 01:01:05 Do you see a spike in more parents wanting to send their kids here because you're not sending them back? Okay. And his response was interesting. He said, he said, no, I don't see any difference there. He says, and if it was because I'm nice, I don't think people are sending their kids
Starting point is 01:01:20 more here because I'm nice. This is an issue that's been going on for quite some time. And it's not something that I have any issues with. Then another lady asked the question, said, a lady from Honduras sent her a son, nine-year-old son to come and cross the border because she felt you, again, wouldn't send him back. You would let him come to America.
Starting point is 01:01:42 And that message is coming across where more parents are taking their savings and they're given to a coyote to bring the kids to America. And he says, no, that's not the case. Either, you know, if they do come, we're gonna do our best. And another person asks and said, well, how come we can't see anything?
Starting point is 01:02:00 Can we see what's going on? And what's the plan down there? He says, I don't intend to go down there myself because I don't want the attention to be taken off. What the people are doing, I don't want to go there with secret service, which Trump would have been there in the heartbeat. And so what about Obama?
Starting point is 01:02:13 So what about other people would have been there in heartbeat? And he says, I'm not intending down going out there. I'm going to send my troops, my people to go out there and see what's going on and come back. Ted Cruz gets on and he gives a speech. He says, never has there been a president, not Obama, not Trump, not Clinton, not Bush, who didn't allow media to go to the borders to see how these kids are being treated. There's a big spread of COVID right now going on.
Starting point is 01:02:42 So Biden's using that as a way of saying, well, we don't want people to go out there because there's a big outbreak. We don't want a lot of the media to get COVID. So we're trying to protect you. In other words, it was a lot of different things I was talking about, but they were hitting them up, hitting them very strongly on the immigration part.
Starting point is 01:03:00 Tom, do you have any thoughts on how immigration is being, the borders being handled right now with Biden versus how was handled prior to him with Trump? Yeah, yeah, I think it's really in his presidency. His policies haven't really been fully implemented. And the last thing he wants is a board media down there finding an angle. And I don't think there's much change that's gone down on there. You know, there hasn't been time to. And so he doesn't want the media to go down there because now any kids,
Starting point is 01:03:30 remember the terrible thing we would see kids in basically not a little small detention apartments or holding things, but they look like cages. It was terrible. It was terrible. And it started under previous president. I don't think he wants anybody down there, you know, taking pictures, because this is now his problem. You're the president.
Starting point is 01:03:47 So even if you didn't start it, it becomes your problem and you get to fix it. And you get to finish it. Oh, that's what the sound is. This entire time I've been thinking it's the micest the way Tom's speaking. If that's what you're doing. I'm calling these guys that they're like,
Starting point is 01:04:01 I'm telling you, it's not the mic. It's Tom. Okay, all right, so I'm relieved Tom Thank you for that that that that the two-second F kind of fun. Thank you. Thank you for the traction So we'll go back to what I said I don't think Biden wants them down there taking pictures and doing things because now he's the president So he has to bring the solution. They'll put it on him. That's not what do you want? What do you think about him? You know, I'm from the perspective of my friend Craig Salman
Starting point is 01:04:25 Sawyer is a former Navy CEO. He's there at the border all day. He's seen a huge spike in people jumping aboard a huge spike. And sadly, a huge, since his big thing too is also preventing human trafficking, huge spike in human trafficking too as well. So it's more now than it was during when Trump was controlling the border. 100% he's saying it's more now than Trump was controlling.
Starting point is 01:04:48 Why do you think that is? There's a lot of factors going into it. Again, from my perspective of what my family had to do to get here from the Philippines, it was a recruitment into the nursing program for my mother to get here to say I'm going to be a nurse to be recruited into the United States. And then there are other family members. There's a five year waiting period, 10 year waiting period for them to get here to say I'm gonna be a nurse to be recruited into the United States. And then there are other family members, there's a five year waiting period, 10 year waiting period for them to get here
Starting point is 01:05:09 to the United States from the Philippines. Versus people just come here to the border and because of these loosened policies, they say hey, we just come here, we'll campaign, we'll get across, we'll get across to find a way to get here, kind of bully the way and kick down the gate, kick down the door. I don't know why find a way to get here, kind of bully the way and kick down the gate, kick down the door.
Starting point is 01:05:26 I don't know why it's getting to that point, but it's a huge influx of that, from a practicality standpoint. Which would become Biden's problem because now he's the guy in the chair. Blame, repredit us or blame whoever you want, but now you're the guy in chair, you gotta fix it, right? Yep.
Starting point is 01:05:42 You know, again, this is, this is not going to go away. Meaning, I don't think even the liberal media is going to let them go with this without holding them accountable to it because there are a lot of people in the liberal media who are Latinos and Latinos who are going to want to be seeing what's going on because their loyalty is to their community. And if they don't ask those questions about what's going on with their community, they're on people going to be like, how come you're not holding a present accountable? I think it's a great point. I think it's a great point. What is it? It took so long? I'm sorry, time.
Starting point is 01:06:10 No, I think that the, you know, the media is not in a lockstep with Biden. They really wanted him elected, but they're not in lockstep with them. There's a civil war inside. You don't think so? No way. I think there's a civil war inside the Democratic Party with Bernie over here, and I also think there's a civil war that the Democratic Party with Bernie over here, and I also think there's a civil war that's going on inside the media between the people that are being told to be lap dogs and be nice and the people that have got strong viewpoints and they want to see change, such as, I have deep respect
Starting point is 01:06:36 for just people Hispanic descent that are in the media. They're speaking up and want to see change. I want to see great benefits come to these issues. And don't just want to be a lap dog on a political party basis. I'd deep respect for them, and they're gonna speak up, and they're gonna make the stories out of it.
Starting point is 01:06:50 What do you think it took Biden this long to get an official press conference? You know the whole thing with, he doesn't know how to handle himself on public when they ask him questions. There was a couple times where you kinda like, that was very weird. He was going and he's like, yeah, so here so am I talking too much?
Starting point is 01:07:08 And then lady helped him say Let me just ask my second question. Yeah, okay, okay, go ahead. Go ahead. So that was a little awkward I don't know if you guys caught that or not very very awkward another part was We need to go into more detail. Okay, I'll just stop right there. Yeah, that was a little awkward and then there was another part where Yeah, just like that. Yeah, that was a little awkward. And then there was another part where he was going off the, like one time he just read what was on the card. He just went like this. He's like, so what I think we need to do is,
Starting point is 01:07:33 that, that, that, that, and he looked down for 30 seconds, just reading the card to answer the question. Okay. But then there was another part where he went speaking for 10 minutes. And it wasn't based off of a card. Well, I was like, that's unreasonable, what he just said right there.
Starting point is 01:07:50 I actually was tracking with him, and he was giving stats and data and numbers, and here's what happened here. So I don't think he is where most people think he is. I don't think he is where most people think he is, where he is, you know, what's the word they use where, you know, he can't remember. He coherent. Not coherent, that's another word, but.
Starting point is 01:08:11 Cogent and lucid. Yeah, so, I don't know if it's those words, that's a level above me with words, but I would say at a point where he can process issues and communicate with people. Now, why do I think he's not in a press conference for a while? You know, I just don't. It's like why does somebody play defense and make a player go left because they don't do well going left, right? You don't do well dribbling to the left. So you as the offensive player have to figure out a way to get what? To the area of strength, which is to the right. His strength is not public speaking at all. Joe Biden, I don't know how many trophies
Starting point is 01:08:48 he won public speaking. It's not his strength. It's definitely not. So if that's not the case, you just have to have other people doing the talk inform and it not being him. That's my thoughts. P.B.D., a question for you in this. Tell me. Buried in the middle of all this was the announcement that Kamala Harris, our Vice President, is going to lead the immigration effort. She is going to lead the immigration effort. She's going to lead the border investigation.
Starting point is 01:09:08 And there's a lot of voices out there that said that she wasn't selected to be Vice President. He ended up with her at Vice President, that the whole mechanism and the whole... Say that one more time, he was what? She was not supposed to. She was not selected by him to be Vice President. He ended up with her vice president because the whole Democrat party apparatus was like, hey, we gotta have a woman.
Starting point is 01:09:30 We need a woman in color. There's a lot of good reasons for that. So every little girl in America could look up and say, hey, look, I can become vice president. I can do that. That's very, very positive. But there were forces out there to say, hey, Biden ended up with her.
Starting point is 01:09:42 He didn't necessarily want her. And the best place to her, there's no voice as saying, hey, is she being set up to fail? Did you hear some of this yesterday? Yeah. What do you think? Send the up, being set up the appointments that she was, yeah, there's Democrat voices that are saying,
Starting point is 01:09:55 hey, she shouldn't be in charge of immigration. I was like, this is a leadership issue you should, is she being set up to fail? I don't think she's being set up to fail. I just think she was selected by others to fail i just think she was selected by others i don't think she was selected by by the i agree with you there let me let me ask you do you think obama pick one by the
Starting point is 01:10:14 let me ask a question different way let me ask a question this way here's about a way of asking a question what percentage of obama picking by the news so you can say i think it's seventy thirty obama or fifty fifty obama fifty percent of the nc of Obama picking Biden with him. So you can say, I think it's 70-30 Obama, or 50-50 Obama, 50% of DNC, okay? Well, I was a freshman senator, but I remember meeting Joe, good guy, friendly guy, effective in the Senate, long tenure, and it was about 62 and a half percent my decision.
Starting point is 01:10:41 So you're gonna say, so you're gonna say, majority was Obama's decision? I think the majority was Obama's decision but he was heavily influenced because he was walking to do a room he'd never been before this is a freshman senator I think I think okay let's say 62% is what yours what would you say I wasn't say 7525 oh so you think it's him picking the other way hard the party okay how about you go to a Trump do you think he picked pens or do you think
Starting point is 01:11:05 somebody else picked Pence? I think something else picked Pence for him. What do you think is a percentage with him and Pence? I would say the same percentage because who can really be the parent in the room when it came to Trump? Okay. What do you think, Tom? Pence. I think Pence was a safe vanilla choice. He got a lot of help doing, but I don't think anybody tells Donald Trump what to do. So, so, okay, so you're saying 90% Trump 10% whoever told him that he's your options. Okay, Donald, Donald, I can see that. You need no hire, you need no hire idea and a guy to balance it off. You're a new
Starting point is 01:11:37 Yorker. Let's get an Ohio Indiana Midwest guy appealing. Great choice by the way. If you think about it, Christian guy, not a lot of controversy. Let's see if you can go with that Donald all right let me think about that okay did bush pick his VP George W George W what percent I think the Bush political family was well established and I don't think they needed help from the Republican Party and I think they picked Dick Cheney for a lot of reason do you think he picked it or the family picked Dick Cheney I think he got a lot of help from Papa so what percentageeney? I think he got a lot of help from Papa.
Starting point is 01:12:06 So what percentage was Bush? I think Bush was probably about 25%. So he's probably his dad. OK, so Clinton pick and go who picked them? What percentage is Bill Clinton pick and go? I think the same thing. I think Democrat Party said, hey, you know, your southern, you know, this guy's a good senator.
Starting point is 01:12:23 He's got more experience than you do. You're just a governor. Remember, he was just a governor. Yeah. You get a guy from Washington. So, so you took this neutral Tennessee guy that didn't have a lot of controversy. Gordon. Remember? I don't think in those positions anybody would go as a wet party.
Starting point is 01:12:39 I don't think the presidential candidate has much of a selection of who the one is the vice president. I think some is more than others. I think some is more than I fully believe some is more than others. Like I fully believe a, you know, or what do you call it? A Reagan is a guy that went in saying,
Starting point is 01:12:59 hey, here's kind of who I like to be my guy. And he was given feedback by James Baker with his options and they sit there and they process it and then he says here's who I'm picking. Okay, great. So, and there's a lot of negotiation on picking as well. Like when Kennedy picked Lyndon Johnson, it was all strategy because Lyndon Johnson hated Kennedy.
Starting point is 01:13:20 So Kennedy wanted to get rid of one of his biggest enemies, his number one enemy, which is who? And the fastest way to turn an enemy into an ally is to what? Hey, well, you be my VP. And he says, I really don't want to be your VP, man. You know, the hell with you, I should be the president. You should even consider being my VP, but I get it. Let's make this work. And he needed Texas. So the electoral vote math was there. Remember, that thing was close. Yeah, so here's the magical question.
Starting point is 01:13:42 What percentage of Biden was him picking Kamala? Yeah. 20%. I disagree. I totally disagree. Zero percent. What do you think it was on you? I see the thing is the party. I think it's zero percent. Yeah. Biden picking Kamala.
Starting point is 01:13:59 Yeah. I think in the reason why it's zero% is because Biden didn't win the election. The party did. Correct. Biden didn't win the election. Trump won the election. Okay. Bill Clinton won the election.
Starting point is 01:14:13 If you think about that, Bush the party won the election. I don't know if I'm making sense. You know, so the whole campaign, Clinton was the can be, right? Yeah. I also think Obama had a lot of same pick and Biden, because Obama won the election. When Obama ran for office, don't forget, everybody was banking on who?
Starting point is 01:14:33 Hillary to win. Okay, they weren't saying Obama's gonna win. It was like Hillary's gonna win. So Obama won that election. So whoever wins the election, I feel has more of a say on who becomes a VP versus whoever would have a party wins it and they choose to candidate, the party chooses who's going to be your VP.
Starting point is 01:14:53 I think Biden was 0% him choosing Kamala. Biden was just told, Kamala's your VP. What do you think the percentage of somebody picking a VP just to get over the finish line or versus somebody that would be good fit for them for the four years? Okay, so if you go back and think about who the VP candidates were for for Biden, who were some of the ones that were good candidates? Do you remember the names? Rice? Exactly who else?
Starting point is 01:15:20 Yeah, Mahler Harris obviously. Okay. If you have a choice between Susan Rice and of the Harris, who do you go with? Are you 50-50? Yeah, I'm probably 50-50s and that really big band of either one of them. You know, Minnesota, we're doing a great choice. Minnesota would have been a great choice.
Starting point is 01:15:39 Robert Char. Okay. Yeah. Minnesota or Michigan? No, Minnesota. Oh, I'm sorry. I thought you said Yeah, that's that's what I thought you said I thought Tulsi would have been an amazing choice. They would have never picked Tulsi Because Tulsi says what's on her mind? They wouldn't have you're asking me. Yeah, I as an American
Starting point is 01:15:58 I looked there and saying you know veteran leading a state even though it's why I you know, veteran leading a state, you know, it's why I, I would have admired that choice. Yeah. So to go back to it, when you ask a question about Kamala Harris, do you hear about what Kamala Harris did yesterday, like working on women and women empowerment? You know who she reached out to for advice? Who's that? Bill Clinton. Wow. What? Is that confusing? Or what? Am I the only one that's, have you guys seen this or no? Can you pull up Kamala Harris ask Bill Clinton for advice and the media flipped out like she she's Just put Bill Clinton watch this year watch this year Kamala Harris and Bill Clinton touting girl empowerment
Starting point is 01:16:39 Okay, can you like that just makes no Kamala Harris and Bill, touting girls empowerment together is a bad joke. Which news, which news, maybe, which news? By the way, this is NBC. Correct, though. With why can't the Democratic Party quit the former president? If the party is truly going to welcome women,
Starting point is 01:16:57 it has to get rid of the political milestone around its neck. Milestone, Milestone. Milestone around this thing. So I just, I just don't understand why. I just so confused. Does that look good for the party by the way? No. Frankly, I'm glad that any woman calls me anymore. You know, posting it on 80 here. Of course, I put that video in there, you know, but the client of it. By the way, this is NBC putting this out there. This is not like anybody else
Starting point is 01:17:23 putting this out. Right? So this isn't drugs or fox here. No, no, that's that's NBC. No, my boys. Can we see? Can we see what was what CNN said about the headline here? Go go to different headline. Just go back. See what it Fox News says. So I would okay, President Joe, okay, no, go back. Go back, just go back to where you were before. Kamala Harris to hold discussion with Bill Clinton on empowering women and girls. Okay, Fox News is actually very neutral. NBC News took their shot. There's a bad joke. Market watch, Kamala Harris and Bill Clinton
Starting point is 01:17:52 are holding to talk about women empowerment. Can you kind of go to what the rest of the line is? I mean, what? Q, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh By that's what oh, they don't even have it here. How funny is that everything we put in the search doesn't come down in the news None of it matches the new did you see that go back and go back and do that again? Yeah, no, no, what does that have to do with what we search interesting wait go wait. I'm confused here I this Google we have to search Kamala Harris asks Bill Clinton for advice. We click on news None of the links that come up is about what you searched on Google Hmm the Google algorithm doesn't seem to want America to see the Clinton story do that go back up go back up to all
Starting point is 01:18:33 Okay, I guess now try you okay use the same exact copy paste exactly what you have and go to Yahoo It's kind of interesting The search engines are... I'm curious to see what they say here. Just copy-paste. Okay. V.P. Slater 101, we'll book length and the blaze. Okay, so the blaze is at the top. Fair enough, they put the blaze at the top.
Starting point is 01:18:57 Go to Washington Examiner. Rosemarcal and Asif Kameler says the soul. Wow. Do you even have a soul rover? Click on that, click on that click on that click on that actress and feminist rose mcconn has a sort of after a green to obscene event will build Clinton on power and women
Starting point is 01:19:12 that's not good guys are these are other people that defended clinton yeah so go down as their guy well no rose mcconn if you know who she is she's uh... this is obscene comaheir's you speaking with a clinton about power women and girls is disgusting. Have you no soul? Have you no ethics? Ask him about being on an island of human traffic
Starting point is 01:19:29 in victims 27 times you were shown as exactly who you are. Go back, go back and let's see what other sites will say. You know, as I analyze that from Rosemar Gowon, I have a small sense that's kind of growing on me that she's upset. Yeah, go a little lower. Go a little lower, go a little lower. Go a little lower.
Starting point is 01:19:45 Go a little lower. Okay. David Ike.com came up. Well, you got to be kidding me. Okay. What the hell was he doing? Yeah. Look at that.
Starting point is 01:19:53 All right. So, you know, so I, I, I don't know. The question I would have is who the hell is advising them about now? That's what I'm asking. So you have a meeting and you say I'm thinking about putting the girl and power in a meeting together. You should call Bill Clinton. By the way, do you know how the media knows this?
Starting point is 01:20:09 The media knows this because every day, you know, their agendas that are put out for the POTUS. What's POTUS doing today and the media is given an agenda. He will be here going here. And then there's things they leave up the agenda and they get criticized because there is a billion dollar donor that was at the White House during that half hour. You know, you're talking about that? Yep.
Starting point is 01:20:26 So now, the Vice President of the United States agenda had that on it. The only way they find out about this is either Clinton leaks it or it was already on the activity agenda that's given to the media so they can cover the President and Vice President. It's common sense. So it means that to your point,'s advising them there's also somebody in there Yeah, we'll put the Clinton thing on there. What's the worst it could happen? If there's any criticism, she wanted a private conversation with the Clinton could she have it private meaning just make a phone call Nobody knows you're talking to them. Correct. Absolutely. Sure. So wait, you're saying somebody set them up is what you're saying?
Starting point is 01:20:59 No, no, I'm saying that her team you're asking who's advising and I'm like that instinct I think is absolutely correct here because her daily agenda that's released to the media if I was her advisor I would say you know you shouldn't put that phone call on there have a private phone call get political You know advice from him on how to manage these situations but for love a guy. I mean, but what advice could you give what advice could he really give her? these situations, but for the love of God, I mean, but what advice could he give? What advice could he really give her? So spin it, actually, actually think you're Kamala and spin it, spin it.
Starting point is 01:21:29 I'm a media masquerade, and I'm not saying be funny about it. I'm not being Kamala, I'm actually saying spin it. Spin it and say, hey, Vice President Kamala here is, out of all the people you could have chosen to speak to about the matter of women empowerment, you have Oprah Winfrey, you have Michelle Obama, you have, you know, even Hillary Clinton, you have Susan Rice, you have,
Starting point is 01:21:54 you have a number of women to go to. You have daughters? Yeah, why? Yes, all right. Vice President, come on, here's, why President Bill Clinton with the reputation that he has? I don't know how to spin it because I don't know why, with that list you're just made,
Starting point is 01:22:08 he would be number 87 on my political advice, 1,000 million E.G. So, but how do you actually try to spin that one? How do you spin that one? I think it was just incredibly bad judgment. Tom, I don't buy that. I don't buy that because I have a hard time buying that. I have a hard time buying.
Starting point is 01:22:28 Well, he's a shrewd politician and very smart strategically, politically, but still, the consequence is this that we just saw. You know, NBC subheadline, what the hell was she thinking? I was, you know, I was confused into it. Yes, me. Yeah. All right, let's go through some of the folks here that I've been commenting and I've not come to you. I'm going to come to you right now.
Starting point is 01:22:52 I'm freaking befuddled. Yeah, this is just entertaining for me when I'm hearing this. I'm trying to figure this out and that doesn't make any sense to me. I'm just taking heat and I'm getting pissed off about it. Okay. I'm getting pissed off about it. Okay, the MS Miss Maroon $50, she said, I've been working from home since last April and feel much more productive and stress of, the stress of being stuck in traffic
Starting point is 01:23:13 is no longer there, the traffic in Toronto is horrible. By the way, great feedback, okay? So traffic, I don't disagree with her on, so to her, the value is, the traffic creates stress, I wanna go and work from home and be productive. Find the question then becomes, Miss Maroon, would it be a fair assessment to assume that you're a teacher? If no, please let us know.
Starting point is 01:23:34 I'm curious what your occupation is on working from home or not working from home. This year, Oradil, Noel, Zenitramans, that every bit of transactions already tracked and traceable, it's going to be about control, equals tax manipulation, et cetera. Okay, by the way, that's sniff. It's about to lead to the parody with our friend, a guy that did the parody we're going to watch here together. I told him I'm going to watch it. It's going to be reaction. I have not yet seen it. You saw it yesterday. Have you seen it yet? Or you haven't seen the entire thing? He's good. I saw part of the parade.
Starting point is 01:24:06 We're going to take a look at Aaron and me. We're going to be looking for the funny sound. No, but I knew sniffing myself. That's right. You're sniffing like... I'm not blaming you for the funny sound. No one makes more funny sound than me. I mean, I got a parody about me sniffing.
Starting point is 01:24:17 I was thinking the system was broken. I'm chewing these guys out, being texting them. But okay, let's go through it. I understand you have this sort of sound. But now, hotel rooms are 20 years. It's time. They don't make me go there with your source of sounds. If we go to the source of sounds, it's going to be a bad day for you, buddy. Yeah, I thought there's a truck. It's going to be a bad day for you. Okay, all right. The more they try to go against Bitcoin, the more they
Starting point is 01:24:41 legitimize, it's use case. It's a win for Bitcoin and cryptos no matter what. Okay. Then we have smart training 365 bio mechanics gave 20,000. I'm trying to contact you for weeks. Your support team is very helpful, but I need to speak with you directly any one minute of your time. I have a suggestion of a business proposition. It's worth the David one minute. Here's what I suggest you do. Why don't you make a video for one minute send it to me. If it makes sense, I'll call you. Just so you get, this makes sense to you. I get hundreds of emails every day
Starting point is 01:25:09 and quite frankly, it's challenging for me to do that. But make your one minute video, I'll commit to watching your one minute video. If it makes sense, I'll give back to you. And Dan, can I add something? Yeah. And sir, go find the Geikahouse Aki 10-page business plan. Exactly 10-page.
Starting point is 01:25:23 Summarize it and send it with your one minute video. There we go. Okay, so then we have good mother give another $10. She said, Biden and administration said, they won't turn away children, parents now enticed to traffic their kids, not good who is going to take care of these kids. Very good point because these kids are coming
Starting point is 01:25:39 with a number there, you're calling the number, the number is not necessarily going to the parents, it's going to the trafficker. And they're sitting there, the coyote, and they're sitting there saying, who do we call, how do is not necessarily going to the parents is going to the trafficker and they're sitting there the coyote and they're sitting there saying who do we call how do we get a hold of the parents they don't know how to get a hold of the parents and they're they don't necessarily know how to handle many of these things over there then last but not least pbd a ten dollars from mr. clean ball guy what a phenomenal name mr. clean ball guy pbd do you think they couldn't give Biden some sort of a drug to just kind of give him a boost for an hour when he visits a like a local plant, a parent's
Starting point is 01:26:11 teacher conference has more energy in the room. So let me talk to this guy here. I got something to tell you, Mr. Cleanball guy. And I hope you take this feedback I give you in the best possible way. And if it makes sense, great, if you don't like it, you can say whatever you want, I will take it as well and receive it because I'm giving it to you. I had a call with one of my very close friends, let's call this person, that means a lot to me. And I spoke to this individual and one minute is the vaccine, a conspiracy theory. Another minute was what they're doing. This another minute was vaccine conspiracy theory. Another minute was what they're doing.
Starting point is 01:26:45 This another minute was another conspiracy theory. Another minute was another conspiracy theory. 30 minutes, I heard 10 different conspiracy theories and I paused this person. I said, can I ask you a question and said, what? I said, you know all the stuff you said I've read about. Okay, what are you going with this? I said, I've read about all these conspiracy theories as well. I said, when you read about all these conspiracy theories as well.
Starting point is 01:27:05 I said, when you read about all these conspiracy theories, and you know you go down the rabbit hole, yeah, what about it? How long do you get stuck in that rabbit hole? Long time. Long time, you know, long time. One hour, two hours. That's okay. Is it really only one hour or is it a week, a month, a year, two years?
Starting point is 01:27:21 What does it do to you? Then, here's another question for you. Are you more tolerable to be around? Are you more paranoid? Are you more, you know, you know, annoying yourself because your brain cannot stop working, your lack sleep, you have anxiety, a panic all this other stuff? Yeah, I do have all of that. I said, then maybe you read the conspiracy theories that you're reading. But if you can't go, if you're not willing to commit your life to fixing that conspiracy theory, then go live your life. I don't know if this makes sense or not. Look, all of these conspiracy theories you read about, they're so entertaining.
Starting point is 01:27:59 Tom, you okay? a rest of nature's Put the camera put the camera right here. This is the first we gotta get Tom by the way Hey, brookor the brookor his daughter if you're listening your daddy needs depends the last Years business years what just happened right now this the joke was that only Adam would do this, only Adam would do this, but that empty chair is our buddy, Bizdoch, Thomas Ellswood, one of the greatest human beings I know my life had to go on a biobrake. So what we need to do is we need to put a checklist
Starting point is 01:28:39 moving forward before we start, use the bathroom, has to be added to the checklist. Okay, just think about it. He what? He's just around. Hey, by the way, if you've been mentored by Patrick but David, you already know, if you've been doing this for years, you already got the golden bladder.
Starting point is 01:28:54 We've got muscles there. We've got muscles there. Our stuff is what we do. You know to be mentored by PVD, you got to hold it down. By the way, what the hell were we talking about? What were we talking about prior to? It's a conspiracy theory. No, no, no, no. we talking about? What were we talking about prior to it? We were talking about conspiracy theory. Let me go through it with the conspiracy theory deal.
Starting point is 01:29:08 This is very important and a lot of people have to really consider this for themselves. If you, you have an hard time staying focused right now, if you are willing to do something about it, go for it, meaning, so you know how, hey, I'm going to go fix human traffic and because I've read every single article on it and I'm going to go out there myself and I'm going to go contribute. Perfect. Go, read every single one of them, more power to you.
Starting point is 01:29:34 But if you're somebody that reads one, oh my gosh, you're doing this, reason, oh my gosh, you're doing this, reason, oh my gosh, you're doing this. And you go too much down the rabbit hole without the ability to want to make an impact. It's just it's consuming your life and it's not making you productive. You may want to minimize the amount of time you give and credence you give to a lot of conspiracy theories you read. Don't go too deep into it.
Starting point is 01:29:55 Some people are going to say, that's how you hold people accountable. This is why people get away because somebody like you says a comment like this, I didn't tell you, I don't look away. I didn't tell you, I sit there and I say, we shouldn't do something. I didn't tell you any of that stuff. All I'm saying is, some people it ruins their lives, their marriage, their relationship, the way they do business, the way they parent. I can't see, I can't tell you how many people I've seen. Go down the rabbit hole of conspiracy theories,
Starting point is 01:30:22 actually ruin their lives. Absolutely. If you're not willing to commit to fixing an issue, you're not willing to campaign against it, raise awareness. But if you are there just like a pinball and a pinball machine and you can smack everywhere, it's a rough place to be playing defensive entire life.
Starting point is 01:30:36 If you'll better tell. I feel much better and I'm back in the studio. No, yeah, if there's just a real company, you're giving me a bottle that I can pee and under the teardrop. Just like lemon lime. No, no, just like Amazon. They give those empty Coke bottles to all their drivers so they can
Starting point is 01:30:50 pee in them while they're, uh, you're being serious. Yeah, yeah. I mean, tell me. So by the way, you officially took the entire part that was given to Adam away from him. So Adam, if you're listening to this, you are no longer the guy that we joke about, first podcast coming late because you were using a bathroom.
Starting point is 01:31:09 That officially has been given to Tom moving forward. Okay, so we've covered a lot now. I'm so sorry. Why don't we do this? Why don't we do this? So I get a message from a guy saying, hey did you see this guy that did the parody of you? I said, what are you talking about?
Starting point is 01:31:24 What parody? I'm listening, I've seen a lot of parodies They've done a lot of parodies of me. They make fun of the accent. They make fun of my look all this stuff But I actually thought this guy did a great job when the reaction I get from Kai comes up to his guys as hey Pat He said this and he shows me the first 15 seconds. I said stop stop it right now I said I like this stuff. He's doing I want shows me the first 15 seconds. I said stop stop it right now. I said I like this stuff He's doing. I want to watch the whole thing. Let's do a reaction video response him So this is my first time watching it. I've only seen the first 15 20 seconds
Starting point is 01:31:52 Can we watch it in pause and or do we watch when you want to do I you want to go through it or you want to pause it? I actually want to pause it in a couple times. Kai. What do you think? Okay, then go through let's Let's see what he says here. Go ahead and we'll comment on it. And we're off. Okay, you need audio for it to work, Kai. Okay, first of all, you're always clean with your suits. I don't know why he's collars on top.
Starting point is 01:32:15 Yeah, why won't see what he's doing here? But we'll see. Most people only see the fun of the ride. The most people. The successes. Great cars. The Honda CR- cars, the Honda CRV, the Honda CRV is the hardships, the long years of struggle, the rejection,
Starting point is 01:32:31 the knocking on doors and being held at guns. You've got to be good. You've got to be good. Let me explain. Stop explaining things. What are my face matters? OK, but say something. Cut it out.
Starting point is 01:32:40 OK. Actually, explain. Can you go set up for the next Mafia interview? You were actually a Mafia interview. You man. Yeah, have you seen good fellas? Cuz I freaking love that movie. Do you love that movie? Road Gotta give him credit on Did you You gotta give him credit He's not in that like to you know go whiteboard parties when I was a young man. Let's see
Starting point is 01:33:06 I could out party anybody when I was a young man. We were ordering the We got the way teach that he's missing the gochannel By the way go back. This is so funny the way he's he's doing How I explained the interaction. Go back a few seconds, this guy. How was the young man? We were ordering the bottles. Like you've asked me, your Patrick,
Starting point is 01:33:34 how do you double your money? How do you make that happen? He's got the accent, he's actually a question. They say, Patrick, I asked you a question first. And I said, you know, tag your it. Now we need, what are you gonna do? And so they say, well, fine, if you you're gonna force what is every hair on messy rather than your self I guess I'll do it I say good that's good to hear so basically got
Starting point is 01:33:50 one guy making 250k I'm spending how much 200k stop it go back to the head. Go back to the head. We can a quarter of a million dollars a year. He's funny. You're gonna have to get in the positive guy.
Starting point is 01:34:11 Boom right there. That's me, we did. That's me, we did. Matt, Matt, we're gonna talk about something. Matt, hang on, hang on. I was asked, can you? That's it right there. Keep going, buddy.
Starting point is 01:34:23 Where did it came from? Siri, what's 24 times 36? The answer is 864. See? See, that's why college is becoming obsolete. I sat my wife down there and they're like, maybe we are committed for life. But what has to do with it? There we go.
Starting point is 01:34:35 So there's nothing we can do to come out of it because there's no way you're getting half. Seven things to do in your time. Seven things to do in your time. One is marriage. Take your time with marriage. So I told my wife, listen, baby, we've got to keep looking good. We have to keep looking good. Because... my wife listen, baby. We gotta keep looking good
Starting point is 01:34:49 Oh here we go the sniff here we go the sniff Sharp inhale through the nose the sniff you see it in the animal kingdom all the time. The King Gorilla will just kick me. Oh my god. What's wrong with me? What do you mean? Let's talk about that. You worry about your game and execute it on your plan. No, they're actually serious. I want to discuss with you. Life that you live first story, you know, the story of being a good fellow. I was thinking maybe you and I, we go in and we make a new one called great Felt. Hmm. What do you think? You know, Painting being the movies of course, you know, I'm very lucky that I got out alive. So you being a bit of a sissy right now
Starting point is 01:35:42 Let me explain to you. Let me explain to you what I mean You're a sister. I can't say he's about to try to boy number one go as aunt Buna I'm a sister fear into the heart of my clients, right? So basically you need to ask yourself who is afraid who is literally terrified for their health for their lives for the family And then how can I make money off of this person? You might think that I can Come on Let me explain. Let me me explain you what I mean Oh, you think I'm funny. No, I never said that like funny. How funny like a clown please don't get into this Hey gangster life is not real you got an income problem Thomas and that's why you
Starting point is 01:36:15 Thomas Do you love? Oh, you know butter? Friendly what happened guy a big thing you to magic spoon for sponsoring this video what is this magic spoon spoon story? it is a spell really okay is it that was the Canadian? alright so good for him by the way
Starting point is 01:36:36 nailed it no I like what he did and title his name is what's sinbat? what's his name? captain sinbat great job good for you watches value t value, Tayman once. You see him?
Starting point is 01:36:47 Watch his value, Tayman once and does this. So there you go. I commented. I said, I haven't seen it yet, but a reaction will be coming. Some P.B.D. Here's a reaction video. So you got it.
Starting point is 01:36:56 Funny. By the way, last night we were at the house, and you guys are sitting or watching this cracking up. And this is your second time watching this. But last night we were watching Adam watch John Mason's reaction video. For years ago. Have you seen that one?
Starting point is 01:37:10 John Mason did a good one. I've seen many of them. But nine years ago? Yeah, he was hilarious when he did that as well. John can do me better than I can do me. It's how good he is with it. Okay, all good. Well, Simbat, you're hilarious.
Starting point is 01:37:22 I just realized every time moving forward, I sniff, I'm gonna be thinking about you, just so you know, we have a relationship for the rest of our lives with this sniffing situation. Okay, let's see what we got here to go through. Okay, boom, boom, boom. Okay, let's talk about Suez Canal. I think that's a very important issue to cover here.
Starting point is 01:37:40 So enormous container ship got stuck in the Suez Canal, blocking one of the world's most vital shipping routes. A massive cargo ship, just to put in perspective how big this thing is, bigger than the Eiffel Tower, bigger than the Statue Liberty, bigger than the Empire State Building. That's how big this thing is. It's a quarter mile long container. That is ridiculous how big this thing is.
Starting point is 01:38:04 I just wanted to say, business insider for every hour. It's estimated that it's costing $400 million per hour. Per hour is costing $400 million. So if you're wondering how a ship that weighs 220,000 tons and is a size of an empire stable, then ended up sideways canal. Officials say high wins from a sandstorm restrictive visibility around the time. The ship got stuck to location on the ground and couldn't have been worse.
Starting point is 01:38:28 The Suez Canal is wide over narrow, link in many global supply chains and delays there reverberate around the world, around 10% of worldwide shipping traffic flows through its narrow waters, including roughly 5% of global traded crude oil. No one is shocked this happened. The Swiss canal is only 300 feet wide, shipping companies are usually factor in extra days to their schedules to account for any unexpected delays. But if it ever, if the ever given clogs, the canal for longer than that prices of stranded cargo from crude oil to consumer good could be affected.
Starting point is 01:39:05 Tom, what do you think about this? I think we've got an outdated canal there. You know, that nobody wants to pay to make any bigger. And I think it's just really, really unfortunate. You know, there's nothing controversial I see about this other than, man, this is this canal is built when, you know, and it's never been significantly. So okay, so there is a comment there.
Starting point is 01:39:28 If that's what you're saying, what you're saying is the world ought to come together, put a budget to fix the canal. If the world can come together, put a budget to fix the canal, that doesn't become a one person who ever participates and benefits from it. Why don't we reinvest in it?
Starting point is 01:39:40 Is that kind of what you're saying? Yeah, you know, you take a look at the Panama Canal and the Suez Canal. Just take a map of the globe and say, you need those two, you need those two points to get stuff shipped from here to here. I think there have been issue with that though, because there's a toll they pay for going through the canal. So at that point, I'd say, if I'm a captain, we're paying you to go through this, we're paying you to use this road, why don't you fix it?
Starting point is 01:40:06 That's your problem. It's the toll roads in New England suck, they're all full of powders. The tolls just go to the state. To your point, it should be used for maintenance and improvement, but we have a lot of examples on toll roads or on the world that don't.
Starting point is 01:40:19 Three to five million barrels of oil per day are held back. So that's gonna spike up gas prices. Yeah. Carrying jet fuel and gasoline oil is a gasoline. Here's a global map. Okay, good. Jack. All the ships on the ocean. Wow. Where's the? There's this. Where's the two S? And we'll go to the Sue's canal right here. Egypt. I think the white thing it's they were saying is like 300 feet wide in one point. You got to be kidding. Yeah. Yeah. So it's very tiny. Oh my gosh. Yeah. And they all have to stage. They stage Are you kidding me that little thing? Yep
Starting point is 01:41:07 Wait Right there so that's kind of that little thing Are they are they able to fix it or not yet are they making progress? Stuck and the thing is the way the boat is built It has like a bow on the front that is good for weather, but that one has literally dug into the ground. So they need to like dig in. They got a dredge in there.
Starting point is 01:41:32 They're talking about the other part is they got to start unloading containers somehow on other ships so that it'll become lighter, sick, slow, and they can readjust it. They're going to unload it. Isn't it interesting? Get some cranes out there for chip to ship. Yeah. So they're saying that this can take days, if not weeks, to get it rid of it, which obviously is going to clog a whole lot of global trade. And there's talks that they'll be similar to, you know, how the pandemic outages and the supply chains, because the only option would be for companies to send their boats around
Starting point is 01:42:08 Horn of Africa come up come up time which is quite the detour and quite the detour I mean that's just that's ridiculous and it's heavy weather down there too. There's heavy weather at Cape Horn It's like saying there's no Panama Canal, same thing in the Suez Canal take a look at the Gulf of Mexico. See all those red dots Can you go physically, go physically to what it looks like? I'm sorry, go ahead Tom, you were saying. No, I said, you, we'll go back to that a second.
Starting point is 01:42:31 Let's go take a look at the, there's this amazing picture of the stuck ship with this little tiny looks like a Lego crane sitting next to it digging in the sand. Look how sideways it is. There it is, there you see that. Suez Canal dredging firm. Take a look at that Kai right? Nope. Right next to it on the right. Down right there. Look at that. That's an enormous
Starting point is 01:42:52 tractor. Look at the six. They're digging this out. The order of a mile ship. Yeah. And it looks like a little Lego, doesn't it? Just like down there. This is the question is how often does this happen? How often does this happen? Sandstorms happen all the time? First time. Shrakos, but for that to be ground that way. Who gets held accountable for some like this? Who's accountable for some like this? This is a pretty big screw up. The world is, I mean, the economy is affected by it. First certain industries are affected by it. Who's held accountable for this? Well, outside of the captain, you got to look at the shipping company. The shipping company,
Starting point is 01:43:29 you got to look at the port, the canal controls. So, this morning, Brue actually had a good, good comment regarding the trip. It's like driving from New York to Philadelphia via Calgary. Via Calgary. Yes. And it has way at six thousand miles and three hundred thousand dollars in fuel costs to the journey of going around versus through. Wow. So things. This is a probably possibly a justification for again, gas prices go up, fuel
Starting point is 01:44:02 price will go up. Other things that this US canal ships to other manufacturers for goods and services prices go up, fuel prices go up, other things that this US canal ships to other manufacturers for goods and services to go up. Perfect time for customers. Were you looking at this US canal stuff or? Yeah, so basically you've got two choices. Choice number one is you reroute things, choice number two, freaking world comes together and figures out how to offload some of this stuff, make it lighter, and then you need, that's a giant tractor there. You need...
Starting point is 01:44:30 I can't get this. That's... That's... That's... It's just like, you need like 10 of those. This ship is the size of a country. The Japanese own a skyscraper sized cargo ship, issues and apology.
Starting point is 01:44:47 We're extremely sorry for causing tremendous worried to the ships that are traveling or scheduled traveling to Suez Canal and all the related people. You missed the first word. Oops, come on. We're very sorry. Damn, Gina. This is what you missed.
Starting point is 01:45:00 It's like the Exxon Valdez, you know, whether he was a sleeper drunk, remember that? It's like, Louis, wake up. What? You hit a state. And it's just not going to take a few hours, a few days, a few weeks for this to get fixed. Yep. Karg between Asia and your Renegra on Tuesday, manmade canal divided continental Africa and the and a synipon insula. Whoo, whoo, whoo, it all went sideways.
Starting point is 01:45:34 Okay, so last topic to talk about before we wrap up here. I'm looking at Twitter. You see any questions for us to go to? Are you seeing any questions for us to go to? I'm looking, I want to get the Twitter crowd. We get a couple of questions here to wrap up with. You know what I'm looking, I'm gonna get the Twitter crowd, we get a couple questions here to wrap up with. You know what I'm gonna do? I'm gonna do 20, so we can, towards mind the jealousy Biden,
Starting point is 01:45:49 joined the Senate 120 years ago. So funny people, love taking shots at our buddy Biden here. Okay, so we need a number of questions. Okay, if you guys got any questions posted there, but we're gonna wrap up here with the Royal Caribbean story. Royal Caribbean just announced more fully vaccinated cruises.
Starting point is 01:46:04 This year, this time in the Mediterranean, Royal Caribbean just unveiled a new summer series of fully vaccinated cruises on Mediterranean. Only one day after it announced a different collection of vaccine mandated sailings from Bermuda. Vaccinated against COVID-19 and craving, a warm summer escape abroad a cruise ship. Royal Caribbean has newly announced seven night Mediterranean cruises may be a good fit for you these new Mediterranean sailings will cruise with a vaccine mandate. This means all crew members and adult guests abroad the ship will have to be vaccinated against COVID-19 while passengers under 18 years old will instead have to test negative for the virus. However, Royal Caribbean knows that these protocols may change as they are evaluated on an ongoing basis. Thoughts. Well, we were participants in a Royal Caribbean cruise line a couple years ago.
Starting point is 01:46:54 We went to Mediterranean, went to a great island, a beautiful trip. I remember when COVID first hit, they wouldn't let that cruise ship come aboard and as much as people were hesitant about jumping on a plane will your trust and physically trust your body in a cruise liner for seven days four days five days where you're around everybody you eat everywhere you're together is gonna be interesting how the social distancing to take place especially around the buffet when it's food time or times go show, or time to get in line for onboarding,
Starting point is 01:47:27 onboarding the barking process. I think they're just trying to get back in business, baby. They're just trying to get back in business and one way to do it is, okay, if you're all vaccinated, come on here, we're going to trip. Because remember, there were three crises at the beginning of COVID, right? Crisis number one, what exactly is this virus
Starting point is 01:47:42 what do we do about? We just didn't know the biological makeup of it. Second crisis is, you know, it's, is it the Wuhan food court, the what, the wet meat market, or was it, you know, a lab over there? There's the China conspiracy. And then the next big story was the first two, before we were using word super spreader, we had two cruise ships that were basically stuck. Was it a the high? Washington?
Starting point is 01:48:06 No, no, no, no, no. They ended up in San Francisco, but they were stuck in Tokyo. We're in the like Tokyo harbor that the cruise ships at the very beginning of COVID. And cruise ships have never had a reputation for being perfectly clean. You talk about the water and food poisoning
Starting point is 01:48:19 and things like this. So I think they're just trying to get back in business and they're saying this is why we're gonna do it. I think it's that something. Get some revenue coming in. Yeah, the Pritzker family owns it. The Illinois governor, Jim, Jim Bo Pritzker, 55th richest man in the world, the government that family owns the rural Caribbean.
Starting point is 01:48:37 You know, it's, it's going to be interesting travel. I think with what we experienced just coming down here to Boca flying in for a lottery day, I'll just see the explosion of rental cars and businesses and people coming down here, I think the same thing potentially going to happen here with cruise line people. There's a part you were talking about, the person wants you to stay home, the person's okay around other people and the third person said, I'm fine just being out and about the rate ago. Who has the most influence?
Starting point is 01:49:02 The radical who is like, I don't really care what I wear a mask or not. The radical who is extremely paranoid don't get near me, don't touch me. You know, this is, we're being foolish, state of Texas being irresponsible for getting people to go back to work. This is not the right thing to do. Or the people in the middle who are like, let's just tell me what the rules and regulations are followed. Who has the most influence, the most influence for everybody to be scared for their criticism of the other side. Which of those three would you say it is? I think it's the one in the middle, the second one, because they have the bigger, you know,
Starting point is 01:49:34 it's a broader base. People that aren't, you know, they're okay with being amongst other people and kind of let me know what the rules are. We'll follow. I think that's the folks with the most influence. What do you think? I think people started out scared and then they were frustrated and now you have vaccination that people think is a panaceous seal. Just let me remind everybody we get vaccinated for the flu every year because these viruses morph, you know, they evolve. I think that the seeing more people doing more normal things with a vaccination is a big pure pressure and raised and drops people's guard to say, you know what, honey, we can go out now.
Starting point is 01:50:12 We can go to dinner now. I'm seeing more of our friends do it. They take a mass, they're very careful, but they're vaccinated and they're getting back into it. We can do that too. I think that's a very, the pure around you seeing them. To get back to normal that who has the influence. We all want to get back to normal. I think that's fair. all want to get back to the car and I think I think what do you think
Starting point is 01:50:27 I? Which of the groups have more influence? Yeah. I think the radical like don't care at all no mask no crew. I think those are obviously everyone can look at them and call them the crazy ones. In a sense, I think it's more the not the middle, but the historical ones that had this. That's kind of where I'm at. Because they'll play the victim card. They'll scream a wolf. So I'd definitely think that they'll be the same.
Starting point is 01:50:53 And everybody's scared now. They're walking on eggshells. Did you see what this person said? Did you see what that person said? Yeah, exactly. I agree with you. This person's doing that. That's horrible because of XYZ.
Starting point is 01:51:01 I agree with you, Derek. OK, final thoughts. Matt, any final thoughts on your end or Tom? Anything you guys got? You know, my final thoughts are back with this old New York pot legalization. It's interesting to see how things have progressed over the years where, you know, especially being a parent.
Starting point is 01:51:19 It's just interesting for me as a journey as a dad, trying to raise my kids and just legalize marijuana at a time world. Exactly. Way too natural right there. It's just interesting for me as a journey as a dad trying to raise my kids and just legalize marijuana type world Exactly way too natural right there. Yeah way too natural right there. I saw it. I saw it in boogie nights Yeah, right. You saw it in almost famous almost famous is where you saw I am a golden god in my last thoughts as a Gen Z and on remote work I'm looking forward to a hybrid model I think people are
Starting point is 01:51:42 Are waiting to get back into connection with folks. There's going to be some people that feel much more comfortable being isolated, I think, for the majority of folks out there to wait and get out. I mean, just to see what people are doing here, flying into Florida, people are waiting to connect again. I'm glad to see the Johnson and Johnson vaccine. The one shot come out. I'm glad to see Pfizer is doing well in America with the two shot. I'm glad to see more people getting vaccinated.
Starting point is 01:52:05 And the more time that's out there also means that the more variants of the vaccine and the testing that's going on and to make that better, I think that's good. And I'm glad that American business is sensibly, in many cases, very sensibly, trying to get back on and get people back to work. And I'm impressed with the resiliency of America just this past week and the things I've seen. And I'm impressed with the resiliency of America
Starting point is 01:52:25 just this past week and the things I've seen. And I also traveled down here. I traveled from Dallas. So I agree with your comments about travel and people getting back to it. I disagree with all those people that were just super spreading down in Miami, not the way to do it.
Starting point is 01:52:39 Have some brains, man. Shout out to Corrupted $50. People didn't include your thoughts on US and fighting with each other. Like we're gang members blue and red when in reality It's China who's the enemy Congratulations, but we got what we got what we got? I get a certificate so he is part of the so-boy Congratulations by the way is there is there is there is there like a token he gets or
Starting point is 01:53:08 Got the bad boy on there We need a Taylor Swift shake it up Did you see that that was impressive no Right not by the way didn't even hesitate I was well, I mean you are free officially Adam you are free. I hope you think March madness. Like, deuces. Yeah, I was. Well, I mean, you are free officially, Adam. You are free. I hope you think Tom, maybe take them out to Chipotle or something.
Starting point is 01:53:30 Yeah. This is good, man. This is fantastic. I think it's actually an emotional moment for you. It's actually probably an emotional moment for you. Witness and social media, too. Emotional for me as well. We're now, you know, the blood brothers, we're now your brothers.
Starting point is 01:53:41 This is the golden bladder award. For those of you that witness history being made today with Tom Ellsworth, this is the first time ever in 48 episodes somebody's done that, history. It went officially in the history books, records are being made and broken, and today's record was broken by Mr. Thomas Ellsworth.
Starting point is 01:53:59 First two. First two, that's right, we're big on first two. Huge and first, that's a big challenge. We're big on first two, we like first two. You're amazing Adam's right. We're big on first two. We're big on first two. We like first two. You're amazing, Adam. Let me tell you're amazing for coming out and giving out shout out to Tom. Gang, if you're watching this, if you enjoyed it, last $50 came from Yimmy Marino.
Starting point is 01:54:15 You guys are great. I highly recommend my friends to watch your podcasts and videos. Start to read the book. My son and I also listen to the videos when I'm driving. Phenomenal. Thank you for that. Gang, if you enjoyed today's podcast. Click that subscribe button. Help us get to 100,000 subscribers.
Starting point is 01:54:29 And I think we're doing this again next Tuesday, Tuesday, nine o'clock again, put it in your calendar. We'll see you there. Take care everybody. Bye bye. Bye bye. Bye. Bye. Thank you, Matt. Thanks, Tom. Thanks, we're really.

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