The Trillionaire Mindset - 81: America's Microchip Problem

Episode Date: April 14, 2023

Become an exclusive member to get ad-free and bonus episodes at https://tmgstudios.tv Microchips, Electric Vehicles, Apple and the EPA. The future is technology driven and everyone wants a piece of it. This week the guys cover America’s manufacturing boom, its move away from China and how that might influence chip stocks and electric vehicles. Bitcoin is back over $30k and its supporters speak out about crypto’s carbon emissions. Also, enjoy Ben’s new shirt. Get the only digital wallets with real cash access, activated by MoneyGram. Learn more at https://moneygram.com/stellarwallets Go to https://hellofresh.com/trill50 and use code trill50 for 50% off, plus your first box ships free! HelloFresh: America’s #1 Meal Kit! Full-season plans start at just $109, and you can get 20% off when you visit https://getsunday.com/trill at checkout! Go to https://public.com/trill to unlock 5.3% APY Buy tickets to Emil’s LA show here: https://www.eventbrite.com/e/612561376567 Check out our channel page on Apple Podcasts, go to: https://apple.co/trillionaire SUBSCRIBE to Trillionaire Mindset at https://www.youtube.com/trillionairemindset Want to subscribe to our newsletter? http://bit.ly/3k4Nfar Trillionaire Highlights Channel: https://www.youtube.com/TrillionaireMindsetHighlights Trillionaire IG: https://www.instagram.com/trillionairepod Trillionaire Twitter: https://twitter.com/trillionairepod TMG Studios YouTube: https://www.youtube.com/tinymeatgang BEN https://www.instagram.com/bencahn/ https://twitter.com/Buncahn EMIL https://www.instagram.com/emilderosa/ https://twitter.com/emilderosa *DISCLOSURE: THE OPINIONS EXPRESSED IN THIS VIDEO ARE SOLELY THOSE OF THE PARTICIPANTS INVOLVED. THESE OPINIONS DO NOT REFLECT THE OPINIONS OF ANYONE ELSE. THIS IS NOT INVESTMENT ADVICE. THE VIEWER OF THE VIDEO IS RESPONSIBLE FOR CONSIDERING ANY INFORMATION CAREFULLY AND MAKING THEIR OWN DECISIONS TO BUY OR SELL OR HOLD ANY INVESTMENT. SOME OF THE CONTENT OF THIS VIDEO IS CONSIDERED TO BE SATIRE AND MAY NOT BE CONSIDERED FACTUAL AND SHOULD BE TAKEN IN SUCH LIGHT. THE COMMENTS MADE IN THIS VIDEO ARE FOR ENTERTAINMENT PURPOSES ONLY AND ARE NOT MEANT TO BE TAKEN LITERALLY.* Chapters: 0:00 This Week! 1:08 Home Improvement called 3:39 Ben’s “Doctor Appointment” 6:35 Housekeeping 10:52 CPI Rolls in… 13:12 Thanks to Moneygram! 14:02 The Fed & Inflation 15:25 American Manufacturing is Back 17:25 McCaul on Taiwan 20:09 Electric Vehicles & Semiconductors 22:30 Employees in Manufacturing 24:05 Thanks to HelloFresh! 25:52 Factory Work’s Big Demand 28:30 Union’s & Industry Concerns 30:46 The Biggest Automation Stocks 33:00 Shitty L.L. Bean 34:20 Chips, EVs, & OEMs 36:20 Thanks to Sunday! 38:02 Biggest Microchip Stocks 40:00 Apple Can’t Sell Products 43:10 The EPA 45:10 The Peril of EVs 48:46 Our Crumbling Infrastructure 50:00 Thanks to Public! 51:33 Trill Secret Presidents 52:03 Tesla Camera Leaks 54:40 Dealing w/ OPEC 58:00 Challenging Energy Regulations (hoarding oil) 1:02:00 Bitcoin is BACK 1:05:30 Bitcoin’s Energy Sink 1:07:12 Riot’s Video Response 1:09:33 Wrapping Up 1:10:40 Coming up in After Hours! References: https://www.wsj.com/articles/american-manufacturing-factory-jobs-comeback-3ce0c52c?mod=hp_lead_pos7&utm_source=www.execsum.co&utm_medium=newsletter&utm_campaign=billy-mcfarland-is-back-on-the-map https://www.nytimes.com/2023/04/12/climate/biden-electric-cars-epa.html https://www.ft.com/content/9e1e089e-163d-43a7-9b75-15e2e2cbcfd6 https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html?smtyp=cur&smid=tw-nytimes https://twitter.com/caitoz/status/1645557357014048768?s=20 https://twitter.com/RiotPlatforms/status/1645473961004892162?s=20

Coming up on crit Leave it, leave it Coming up on chylianare mindset CPI numbers down inflation is easy Is a mania man Is American manufacturing back in a big way? We'll find out. Oh, it might be baby The EPA lays out rules to turbocharged sales of electric vehicles But can we handle it on the grid? We've got a hot new crypto corner for you Bitcoin back above 30k and they might have found their latest scam. Oh

Maybe all that and more I Was back to the beat man when I get done with you They don't mean up. Yeah Be quicks all this Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha That was, uh, Al from Home Improvement, he, uh, said he wants a shirt back. That's it. That's the best you got doing the Tim Allen thing. What's a really good one. Thank you. It's my one useless talent at the one of the last places that I worked people would ask me to do it all the time.

And I wouldn't do it. I would just wait until like Friday after I would withhold it. Yeah, because I was like, you can't dilute the market. You can't flood the market with the two balance out. Thank you for making that facial expression. I mean, you can't dilute the market. You can't flood the market with the tebellum, so thank you for bringing that facial expression. I mean, I doubt. Well, because I knew that some people didn't like it and were annoyed by it.

I'm sure there's a lot of the, yeah. So I'm a bit dubious about how many people were like, come on, Ben, we're begging. No, they would on Slack on the Slack channel. They'd be like, do it. Come on, give us an o-ru in the group chat. Yeah. Well, so then then yeah, randomly on

Friday or something, I would, uh, I would just... And people are privately going, it's Friday, do you think we'll do it? Yeah, those were the days. Uh, hey, the, uh, I got that thing. Yeah. Is that a salmon colored shirt? Who's to say what color it is? Yeah, I can't tell it in these lights. Probably, Sam and. Yeah. Sam and looks good on you. What am I doing with that? Thanks, man.

I like it. I like the color. Sam and color? Yeah. I think it looks good on you. Thanks, pal. Do you think we're in the hot guy store called? They want to congratulate you on another successful purchase.

Oh, that's so great. I'll have to send them a thank you. Yeah. Yeah. Do you think we're going to beat the baby girl allegations? I'm confident that we're confident with our legal approach, with our strategy that we will beat these baby girl allegations. This is actually a boys only episode. So this is what we're trying it out. So if you're a girl, turn it off. Yeah, turn it off. All right. Now that the girls have turned it off, that's the time to get down to business. Yeah,

boys, I was digging in some dirt the other day. I did do ketamine yesterday again for the first time. It's funny. Tell me you got a doctor's appointment. I thought that I had, yeah, well, and like, tell me you got a doctor's appointment. I thought that I had, yeah, well, he told me, and Zach, he said, sorry, but I have a doctor's appointment, and then just a few hours later, you were like, notes from the ketamine session. It's wild, man. I, yeah, I hadn't done it since January.

And it really is funny when you're there and you're in another dimension and you're saying the things out loud, you're like, yeah, this is so profound. And I'm totally gonna remember what this feels like and what I'm experiencing. And then when I actually read it, it's posted on my Instagram story if you're curious. I'm reading it. I'm like, yeah, it makes sense grammatically, but I can't picture what it was that I was curious. I'm reading it and I'm like, yeah, it makes sense grammatically, but I can't picture what it was that I was seeing. My favorite part was that when you just went,

Lisa, you're writing this down, right? Well, I didn't say it like that. I was laying there and I said, Lisa, you're writing this down, right? Cause I wanted her to, cause I, yeah. Lisa, this is gold. This is gold.

Tell me you're getting that. These are gold nuggets. I'm crapping out at you. But, did it take? Are you fixed? Oh yeah, totally, yeah, totally fucking fixed. Oh yeah. I do remember that part where I saw my own chin.

It was like, I saw, you know, when you see a 3D map of like a VFX artist, when they do a 3D map of someone's face and they lay it out flat and 2D. I don't know. Luke, do you know what I'm talking about? Where they have like a 3D map of someone's face and they lay it out flat and 2D. I don't know. Luke, do you know what I'm talking about? Where they have a 3D model of someone's face and they map it out flat? Oh yeah, texture map.

Yeah, texture map. I could see a texture map of my own chin for some reason. What do you get out of this? Like, what do you get out when you come out? Dude, you fucking trip. Well, you get out. You know, it's like with my friends. What do you get out of it?

Besides a thousand. It's know, it's like with my friends. What do you get out of it? Um, besides a thousand. It's like, it's 600. But it's hard to describe. It's a new, a new perspective. It kind of, it literally takes you out of your own mind for 45 minutes. And allows you to kind of relax and just go with the flow truly. It truly forces you to be in the present in a crazy fucking way. I highly recommend.

Are you just gonna do this? I'll maybe do it again in like four months. Oh, you know. Yeah, it's not, yeah, I don't know, but it rocked. Nice. Well, remember to not lie about your drug. That's when it gets weird. What do you mean?

Oh, saying I had a doctor's point? Well, because I partly wanted to save it for here. I don't know. To be like, yo, I went, they'd kept me in here yesterday. But also, yeah, I just didn't think. It was pertinent information, even though it totally is because that's well, we actually have someone here today who wants to talk to you. Oh, no. No. Anyway, check the disclaimer in the description box. We're doing a live stream on May 4th. So be sure to tune in for that. Or not, we don't care.

Yeah, we don't. Also that one might be boys only too. Yeah. Yeah. If you're a girl and you're still watching, you're breaking the rules. We're going to be. Then our shit list.

We're going to talk to someone at YouTube and probably get you in trouble. Yeah. We have your IP address. And coming for you. We're calling the cops. We're talking fines. Possible jail time.

Do you remember that guy, that dad who had a daughter, who, what did he say? It was a meme. It was in like 2010. And he said, do you remember what I'm talking about? You got to give him way more than that. There was a guy with a daughter in 2010. Do you remember what I'm talking about?

It was the biggest meme. She was like crying hysterically and he goes, I'm calling the cops. Oh yeah, I do. Or something like that. You fuck. I remember. Yeah, no, I know.

All right, fuck. But again, we're not talking about that. He said something specific. He was like, yeah, any who. Right, she was getting bullied or something. She was getting bullied and he he said Yeah, it's an important fuck. He said no, it's not important Nothing is good to go to bed later. All right. Let's hammer these out. We got the reddit the reddit hit 4,000 subscribers It's also it's kind of picking up big time. It's uh, yeah, you little freaks

We love it. There's like 4,200 now or something. of Yeah, yeah hell yeah. Oh speaking of we got a Photoshop challenge We took some funny photos that we're gonna share for you guys on the subreddit for you to Photoshop us It'll go live on our reddit page So submit there and we will show the best ones on our next live stream on May 4th and now here's the big ones Okay, we got some subscriber milestones for you. First one, when we do, this one's for the real freaks out there who don't subscribe.

Yeah, you little fucker. But we're gonna do, we're gonna unlock some bonus content for the world to see. We're tired of hiding behind our paywall. You know, we wanna let people see what's behind it. So when we hit 70K, we got some pretty special stuff. We're going to release out into the wild. So if you want to see that, tell your friends to subscribe,

call your parents, get whoever you got to get. Fake accounts. Fake accounts, whatever you got to do. Call one of those farms in China that just has some girl watching 70 phones. And now this is the big one, though. Everyone's been asking, when we're going to do the two-hour episode, and Ben the big one, though. Everyone's been asking, when we're gonna do the two-hour episode and Ben has finally agreed,

when we hit 85K subscribers, 85,000 subscribers, we are gonna do a two-hour live stream. Yeah. Trying to reach this goal by the end of the summer, you think it's achievable. And if it's not reached by the end of the summer, we're gonna quit. Yeah, we'll quit.

And we're not going to say which end of summer we're going by, whether it's going to be the unofficial end of summer, which is Labor Day weekend, or the official end of summer, which I believe is September 21st. Yeah, I still don't know when all the seasons start and end. I think he coast is very much labor day to no, no, Memorial day to Labor day. Is the summer. What's the thing? You can't be white after Labor day? That is not the thing. You can't wear white. Oh, okay. Good. I thought I was going to be in trouble. I've been fucking up my whole life. But LA has a whole different summer. I mean,

it's summer here till like November 15th. But so we'll figure it out. It's either Labor Day or September or September. At some point, but we're probably gonna make it anyway. So enjoy this Walt last. Yeah. What you got your, oh yeah, yeah, yeah, we got it. I forgot to, I forgot to say it last time.

We were doing another show with tuck shop April 21st We'll put a little ticket link in the description. It's in Los Angeles. Oh, yeah, in Los Angeles that permanent records roadhouse It's gonna be super fun. We got a bunch of people Ally McCoff ski's gonna be there. Mecky Leaper Robbie Hoffman. It's gonna be the BMX guy No, it's gonna be very fun Buy it ticket. We'll put a ticket link in the description. Thanks. Any who see the big news, pal? Oh, about.

Yeah. Oh, we know. Oh, dude, how tight was that? It's crazy. Yeah. You don't know what we're're talking about we're talking about inflation CPI came in at 5% that's right boys. Yeah, baby. That's right boys Tell it tongue to celebrate CPIs down baby the boys are freaking yeah, well the boys are back egg prices Egg prices are down 10% Oh my fucking lord Collin- We're getting our protein, baby We're getting our protein I don't give a shit, cholesterol's high

Give me one of them eggs, fry it up, scramble it, pickle it, pickle it Always pickle them eggs, bitch What's the one where you put it on Fucking ex-manidex POST! POST them, shit We're celebrating. I'm gonna grab a chicken by the neck and just fucking, screw, just fucking squeeze the ex-b-

I know what you do. Oh, you're squeezing the eggs. Yeah, what? We're killing it. Oh, oh, no, no, no, no, because the golden goose can't kill it. You gotta- I got worked up.

Yeah, you gotta make sure that them, that eggs keep on popping out. So, baby, we are pumped, the eggs are cheap. The eggs are cheaper about the biggest drop in egg prices ever. Wow. Hahaha. But anyway, pretty much everything was down in the CPI across the board except for shelter,

which is still going up. Good thing we don't need that. Yeah, good thing we don't need. Good thing, Maslow was smoking crack when he came up with that whole hierarchy. Yeah. And food away from home, AKA like restaurants and shit, that was still up. I mean, Jesus Christ, you go to a Mexican restaurant these days named. They're charging it for the chips and salsa.

I actually don't know. I haven't sat down on a Mexican restaurant in a while. I actually did just sit down and knew it was great. It was great. You did? Which one? It was on the way back from Antelope Valley.

Ooh. Did you see any Antelope? No, but I saw that's freaking Blooming Flowers. It's going crazy. Because of all the rain, it's going to super bloom so hard you can be able to see it from space. Get the fuck out of here. Really?

Look it up. Well, I don't have any trips planned to space. My amics miles hard to get me able to see it from space. Get the fuck out of here. Really? Look it up. Well, I don't have any trips planned to space. My amics miles won't get me that high into the stratosphere. Yeah, CPI came down, so that's good, which means that the interest rate is approaching. I think it's currently, I mean, if CPIs at 5% and the interest rate's currently at like 5%, we're almost to that inflection point that the Fed's going for, which is getting the interest rate above I think they said even their Rate hikes are still on the table. Yeah, they don't give a shit. They don't give a shit

Man, they want to hit that button man. They really do they want to take all the fucking froth out of the market It's really annoying How behind the curve they they are and it makes you wonder how behind the curve they are this time because famously Since 2020 they're like inflation is transitory it's transitory and then it very much wasn't so you know we've talked a lot about their credibility mostly being fucking in the toilet in the shitter but yeah but anyway we all know that a big part of inflation as from when we had esteemed guest David Dan that and as we've talked about many times yes comes from supply chain issues, supply chain issues and one big thing that COVID revealed was that the supply chain is rather

The supply chain is rather weak and prone to problems, prone to disruption. But I saw some very good news, which is that American manufacturing is back. We got huge good news all around. There's a huge story in the Wall Street Journal about just how freaking back American manufacturing jobs. John Wicks. Yeah, they had they had American Manufacturing tied up to a chair and they were like and American manufacturing said yeah, I'm thinking I'm back. It was this guy was this guy with the hard hat that he said I'm thinking I'm back. Who is that guy? He's a oh he's in a cheese plant north of Lansing, Michigan. But in 2022, just last year, a record, $108 billion went toward construction related to manufacturing, which

was more than schools, healthcare centers, or office buildings, because fuck hospitals, fuck offices, for sure. We got to build this shit. We got to build it. But I think 50% of it, close to 50% of that construction is related to electric vehicle batteries and semiconductors because now we got government incentives. Yeah, the government wants to put all, a bunch of spending behind EV production and microtrub production, battery production. Cause it's now like a matter of national security,

straight up. Straight up. Straight up, dog. Because most of it is done. Semiconductor manufacturing is done, the majority of it across the globe is done in Taiwan. Yeah, TSMC. Things aren't going very well in Taiwan.

It's with our relations with Taiwan and China. Yeah, not very good. Wait, can we, should we play the clip now? Of the guy? Yeah, yeah, wait a minute. Okay, so, right, as, you know, so over the past few months, things have been ramping up. You know, people getting up in ours

because Nancy Pelosi was going to Taiwan and now more American officials are going to Taiwan and people are kind of scratching their heads, going, well, what the fuck do I want to get into, you know, why are we going to get into a weird conflict with China over Taiwan, right? So we're going to play this clip from Meet the Press. They're talking a Michael McCall Texas Congress member. Let's see what he has to say.

For the audio listener, this guy is all head no neck. Let's see what he has to say about, you know, why we might have to get involved in Taiwan. Make the basic case for why Americans not only should care about what happens in Taiwan, but should be willing to spill American blood and treasure to defend Taiwan. Nobody wants that. I think the deterrence is key here. We travel to Japan, South Korea, we are in Guam. We are meeting with our allies, our partners here, if you will.

They don't have a NATO in the Pacific, but they do have partners. We want to make sure that they are ready and supportive of the United States and Taiwan. The case for Taiwan, that's a very good question. About 50% of international trade goes through the international strates, but I think more importantly, you know, Chuck is that the TSMC manufacturers 90% of the advance global supply of advanced semiconductor chips. If China invades and either owns or breaks this,

we're in a world of hurt globally. Congressmen, it almost sounds like the case that would be made in the 60s, 70s and 80s of I American was spending so much money and military resources in the Middle East. Oil was so important for the economy. Is this sort of the 21st century version of that? You know, I personally, I think it's about democracy and freedom. Oh, oh, right.

Kind of beautiful. Personally. Why do we have to do this? Because if we let China get their dirty, grubby little hands on those chips, we're fucked. Well, it kind of sounds like you're talking about, you know, it's actually about democracy and freedom. Well, personally, it's about democracy, freedom. Oh, Michael McCall, God bless you, sir.

He realized the United States of America. He realized in real time, he said the thing out loud. Yeah, yeah. And I noticed also that he said, we wanna make sure that these nations are ready. It's just an interesting use of words. So I guess he's there right now. Taipei, yeah.

Yeah, which is wild. I wrote my first exposure to Taiwan was when I was a kid and I had pogs and they were all made in Taiwan. That was your exposure to... Yeah, that's you being exposed to other cultures. That's me being exposed to globalism. Look at that. Would you look at that?

Oh, it's made in Taiwan. I'm exposed. I have no... Oh yeah. Look at that. Would you look at that? Oh, it's main Taiwan. I'm exposed. I have no, yeah. All right, anyway. But yeah, so part of this whole strategy is not only this diplomacy, but also making sure we can build these things. Right.

And so, like I said, the majority, just about half of all this manufacturing money is going toward electric vehicle batteries and semiconductors. And it's, I mean, it's multifaceted this thing. Like some, there are retailers. There was this. I was reading about this sock company that wants to have socks. They want to be able to make these socks faster and get them out quicker. Well, because they're drawing a contrast because a lot of this money is going to these high-tech things. But at the same time, there are a bunch of people.

It's future stitches, their name, future stitch. They are building a factory in Oceanside, California. But yeah, a lot of companies, so something like that, they do things where they need to get them out quickly. So if there's two teams going to the NBA finals or whatever, they want to be able to sell them socks, sell their socks really quickly. Not only that. If there's breakdowns in the supply chain, they can't do that.

Right. So not only that, but they don't want to store excess inventory in their stores. They want to have, they want to be able to replenish stock from like an actual factory. Yeah. And apparently just having made in the USA is a whole thing. Oh, it carries a lot of cash in, yeah. Carries a lot, yeah. I remember just when I, just like guitars,

I remember the cheaper Fender Stratocaster was made in Mexico, but the American one was like twice as much, and it was nicer. It was carried more heft. I mean, there's definitely pretty much everything outsourced all their manufacturing to China. And there's now very little difference between brands that had a reputation for being very well made. They're all just made in the same factories and stuff.

Right. You don't really get the same value for spending all that money on the same thing. I mean, I know I don't wanna, like part of the reason I wanted to get a Yonix racket was they're made in Japan. They're not just made in some factory in China. By the way, did you see that, what's his name?

Warren Buffett just invested a fuck ton of money. He's over in Japan and he invested in the top five investment trading houses out there. Just thought that that was interesting. And I think he's selling some bonds in yen or something like that, I don't understand. But, any who, I saw an interesting stat, the 10% of the private sector is manufacturing jobs.

That's a good amount. Yeah, how much it used to be? 20? No way more than that in World War II. It was like, so that's the thing. There's two extreme understatements. So it was a bit frustrating because, uh, yeah, one of the things I talk about is how many people used to work in factories. I say, US industrial might help win World War II when nearly half of private sector

employees were to in factories. That portion plunged after the war thanks to automation in US companies seeking lower costs overseas. You know, they kind of just gloss over the fact that they shipped your fucking job away for cheaper labor and then just kind of those margins. Decimated cities and towns. But the other one is, again, they kind of just gloss over it. They say, but last year, US production capacity

showed its strongest growth since 2015 after pandemic-driven shortages and delays caused manufacturers to rethink their far-flung supply chains. And I think that is just a crazy way of putting it. I mean, anyone who lived through it, it was a fucking embarrassment, right? Everyone just kind of scratched in their heads going, Jesus Christ, we can't even make masks, we can't make

any kind of PPE, let alone more important things like respirators, all the, we're just kind of sitting around going, fuck. Yeah, we are a consumption economy. We are an entertainment economy. And so people really started to think about this differently. And what kind of this whole intricate, complicated system mess we made for ourselves means for us.

Yeah. There are now so many more manufacturing jobs available than there are people to fill them. There's like 800,000. They need like 800,000 more workers to do this. The good news is, sort of, in some of these areas where existing factory workers have experience, they can just apparently it's kind of like plug and play where, hey, I have experience working previously in a fucking, I don't know, shoe making factory, and you can just work at a cheese factory too. Yeah, that's what they're talking about in Lansing, Michigan,

where there's a bunch of people who were trained on some of these factories. Yeah. It's wild to take out this fucking, I guess they're locally, there's dairy farms out there, and they just, they be making cheese. Someone's gotta make it. Giant blocks of cheese.

Where the fuck it wouldn't? Dude, they said as big as a dishwasher. Yes, I saw that. It's fucking insane. It must be for restaurants, suppliers, something. Easy, Christ. Well, you got to ship it. You can't, you probably not shipping them

in little small blocks. Yeah, it makes sense to ship a big block. He's like, hey, we'll give it to you, Trader Joe's. You cut it up. Yeah. All right. You got all those damn guys in. He said, hey, we'll give it to you, Trader Joe, as you cut it up. Yeah. All right. Yeah. Uh, you got all those damn guys in Hawaii. And shirt's lunch, you put them to work. Chop up some cheese. It's a double-edged sword, though. This, this on-shoring of, of, uh, of manufacturing because

and as is the case with, uh, so black and Decker, the black and Decker power tool guy, I think it's called Stanley black and Decker now because they merged. But the CEO said you've used to be where you would outsource to China or Mexico, but now they're realizing that when they on shore, there's an opportunity to build with automation in mind. So now he said you might have 50 to 75 people on a line in China or Mexico, but the automated solution that they've created in North Carolina The current version has about 10 to 12 people on that line because of the high level of automation and the 2.0 version

He said looks like it's going to get down to 2 to 3 people on the line from 50 to 75 in Mexico or China to two to three people. That's fucking bananas, man. That's insane. So it's like, like I said, double-edged sword. Yeah, we're bringing it back to America, but also for what? For a bunch of robots to do it instead of people. They're also pushing to bring them back to a lot of places where there's not strong union

presences so they don't have to do that. Naturally. Yeah, unions have their concerns because it's going to require fewer people to actually do these jobs and it turns out that it's a lot cheaper to do some of this stuff stateside because of the automation and that's going to mean less jobs actually. Right. So it's weird because at the same time as there's a bunch of hope for, because a lot of

people are seeing these factories springing up around their towns. And it's having an effect just on other industries, right? So suppliers that cluster around factories create a multiplier effect, making them worthy you know, it's having an effect just on other industries, right? So, you know, suppliers that cluster around factories create a multiplier effect, making them worthy of public support. Other factories are popping up in the area. Hundreds of workers have swarmed over the site since construction began last year. And, you know, that means that people are now like getting food trucks and going and the mayor of St. John's, Roberta Cocoa said that factory has, the factory has invigorated her town shopping district

where once empty storefronts now host new businesses. We love this. Who started a clothing boutique called Rise Up a year ago said she's thinking about putting a rental apartment above the shop to cater to visiting executives. Yeah, so there's a lot of hope around this, but right, there's a lot of traditional worries with the way corporate America is going to structure these things.

Yeah, this door, this absolute nerd, David Mendel, he's a professor of history of, he's a professor of history of engineering at MIT, but he's also a VC, he does VC in industrial transformation. He said he thinks rather that we're at the start of a new factory cycle in the United States and a return to a more traditional way of doing things. Right. But he said it's a constant cycle where this is, you know, and then in however many decades or whatever, it's going to start shipping them back off the cheap labor or to robots. I mean, at that point, the whole goddamn world will be on fire. Yeah, no kidding.

You can build it in your backyard or your bunker. Otherwise, you're not getting it. And keeping up with the spirit of the origins of this show, I thought I'd take it upon myself to look up some automation stocks. These are not at all any kind of recommendation to buy. It's just I found it interesting just how many there are. If you want to put them on a list and watch them and learn and read about them, there's these are just a few. There's TeraDine, Uipath, Honeywell, Rockwell, Alterix, which does like, software, I think, PTC also does software. Here's a great company name, John Bean Technolog.

Oh, that's LL Bean's brother. software. Here's a great company name, John Bean Technologist. Oh, that's LL Bean's brother. Very good, very good. That's real. His brother didn't want to go into the boot industry. He's like, I'm going to make computer stuff. It's the John Bean. Accu. And then there's, I was looking at some other ones that don't really have to do with automation and factories. But there was one that I looking at some other ones that don't really have to do with automation and factories, but there was one that I found called Accu-Ray that does like a surgical fucking blade that also doubles as it uses like radiation.

I don't know what the fuck it does. But then that means bye. Oh, absolutely. No, it does. Intuitive surgical is one that I had been hearing about for years. This fucking company, apparently like every 36 seconds, there is a surgery that uses one of their things.

It's called the Da Vinci like camera or something. It's just like every surgery uses intuitive surgical's shit. And then there's another one called Striker that does the same kind of shit. It's like, I feel like that's a weird name for a surgery. That sounds like a... Defense company. Striker.

Striker? Yeah, Striker. With the Y. It's always weird looking at these companies, like John Bean Technologies, never heard of it before in my life. And it's like a fucking $200. Remember that video of the guy that went kind of viral cuz he like pulled up in his convertible and I guess it was one of those guys who goes cool Car what do you do or whatever and he was like it was something like that? I forget exactly

He was like you know how at the doctor's office you have to blah blah blah and they were like yeah It's like that's because of me then he's just like drives off And I guess every time X thing happens he gets paid which is great. That's a good way. Yeah, it's like that's because of me. Then he's just like drives off. And I guess every time X thing happens, he gets paid, which is great, that's a good way. Yeah, we love that. We're happy for it. My name is John Bean. I'm John Bean.

Hey, you ever heard of John Bean Technologies? No, well that's me. What do I do? I'm John Bean. Yeah. Oh, I see you're wearing LL Bean. That's my shitty younger brother. Speaking of LL Bean,

you didn't understand computers. They do make some stuff in America. I don't know if they make all of it, but for example, they make their, one of the bags I have from them is made in the USA in Maine. And it's so fucking sturdy. It's like, nice. All right. LL bean bag.

Yeah. I just remember my, my first exposure to LL bean as a child Sure between Taiwan and LL bean which is seeing those like Subaru's or whichever one that was they they did a partnership with LL bean was like LL bean I remember Ford did like an Eddie Bauer. Oh, maybe that's what I'm thinking of Oh, maybe that's what I'm thinking of. I don't know. I don't know. It sounds like Subaru and LL Bean would team up.

It seems like a name and more iconic duo. Yeah, I think it was Subaru and LL Bean. LL Bean, they don't even have stores out here, so you probably never even, that's... Yeah, I've never been to an LL Bean store. I don't think they have them. Oh, it was. Super Subaru, Subaru out back LL Bean edition. The surprisingly luxurious Lexus fighting station wagon.

Ah, there we go. God, a simpler time, huh? Yeah. back LB in addition. The surprisingly luxurious Lexus fighting station wagon. Ah, there we go. God, a simpler time, huh? Yeah. Just Subaru's in Lexus fighting it out. Who's got the more luxurious station wagon? Yeah. Ah, yeah, yeah, yeah, there it is in all of its glory.

So, let's see, on that note, I just thought it was an interesting little aside because chips, EVs, been a lot of talk about that recently. And original equipment manufacturers, also known as OEMs, there's a lot of fucking acronyms in this industry. There's so many, I had to Google so many, but a lot of these automakers are planning for big investments.

They're expanding EV production capacity and offerings. Apparently, the majority of the costs are in the battery, but they're doing it because of the inflation reduction act incentives. And like we said, national security has all these companies scrambling to reshore. And they bitch about it too. They're obviously bitching like the EPA new thing that we'll get to in a sec. But GM has, they're making four battery plants. We're finding out that most of what CEOs do is just bitch. Bitch, bitch, bitch.

Every time there's some kind of thing coming down, they just have to go out and bitch. Yeah. God, you know what I was just going to do to our profits? Fuck yourself. You know what this is going to do to our record profits? You stupid cry, baby. But the good news is with the, in the car world, is that the supply chain issues that we had a couple years ago with the chips are it's they're easing these chip companies are catching up and part of that

is due to the fact that these OEMs are starting to design and produce their own chips but in which you would think what hurts some of these chip companies but the demand is so fucking great they're like increasingly every day, it's like more and more components in these fucking cars need to be digital and need chips. Fucking God, just go back to, give me a fucking hand crank window. You just have to put in a button.

I don't wanna crank my window, that's good. Okay, it's fine, we won't do that, but give me just basic fucking buttons. So another, I just thought I would share another batch of stocks that's And again so many of these you would have no idea even existed. There's oh-n semiconductor ST micro NXP semiconductor Analog devices when companies just called micro chip damn how'd they fucking get a hold of that? Come up with that shit

But you read about some of these and it's like okay Yeah, this one was started in like 2005 and how the fuck These people are geniuses man these these microchip nerds For geniuses what was I doing in 2005 jerking off graduating high school? Yeah, how could you have come up with a micro chip? I don't know there was I, there's ones that have been around that just started in like 2015. I, I, I, Bank of America recommended, I just thought this was funny.

Bank of America recommended these two companies called Synopsis and Cadence Design Systems. You ever heard of these companies, man? Nope. They said that they are least exposed to near-term cyclical crap, but they have tailwinds from AI shit. That was verbatim.

Yeah, that sounds pretty professional from the analysts. But I was looking up a bunch of this stuff about this and the manufacturing process. And my conclusion is that chips are hard. They are cyclical businesses. there's tons of companies, and so many of them are interrelated. You can have something like Samsung saying that their phone sales are weak.

Well, guess what? Corvo and Skyworks take a shit. That's good, not Corvo and Skyworks. Oh God, my entire 401K is wrapped up in Corvo and Skyworks. I'll tie it up. There's this company called Sirus Logic, right? 88% of their revenues come from Apple. Well, that's not good, because...

Yesterday, two days ago for you guys, but yesterday, their stock took an absolute shit. You know why? Because Apple can't sell their fucking shit. No, Apple announced the new iPhone is going to, they're gonna remain, they're gonna continue to have the actual volume buttons and the silent mode switch. And they were rumors that they were gonna switch

to just like a sensor that would give you a haptic. Oh, I hate that. Yeah, a haptic kind of response where you press it. Oh, that was the, Sirus was gonna make that thing. And since Apple said, actually, we're gonna stick with doing the volume button. Sirus's fucking stock dropped a fuck ton.

But didn't Apple also come out and say their PC sales are down like 50% or something? 40 something. 40% yeah. And that, you know, that has effects on companies like Skyworks. But the point is, this is why investing is hard. This is why everybody harps on why it's smarter. This is an investment advice.

Steve, I love you, Steve. But that's why people harp on just buying index funds because you look at this shit, like you wouldn't think that one little fucking thing, one comment from Samsung or Apple or whoever could tank your stock. I mean, this is also just talking about chip stocks, but yeah.

And then there's so fucking many of them. There's LRCX, applied materials, KLAC, KLAC, UltraClean, Cocharent, Amcore, NVMI, C-A-M-T, A-O-S-L, and CMO, like Jesus fucking Christ. I don't understand, I just don't understand. I don't understand how there's so many of these companies. And what are they all fucking do? I'm like,

How do you got to understand? We're literally talking about how important they are to literally everything that happens. And when we're talking about this, the economy will grind to a halt if something like, America loses their access to all these chips. So I mean, it makes complete sense. No, totally, but it's just every every piece of equipment you use everything

You and ways you probably don't even understand what I'm saying is when I look at what these I was googling these companies and trying to Understand exactly what they do and make and it is just the industry speak and the I if you don't know enough about the chip manufacturing process, it's just a foreign language. Like, I mean, that example is a perfect example of just some tiny little thing, of a company just making haptic response. Yeah.

Buttons. Yeah. That you would never think of. There's probably a company who makes the actual buttons right the fucking But then that begs the question so like if I'm an investor in one of these I'm thinking well, okay How hard could it be for Apple to just decide to start doing it themselves? Kind of like how they used to use Intel chips

But then they just said actually we're gonna start making our own I'm sure there's guys in that stupid circular building right now going Maybe we can just do this in house. Yeah, no fucking kidding. Golly G The EPA Well speaking of all this You know companies investing more in EV and everything right if If things go the way the EPA wants it to what is the EPA? They're not gonna they're not gonna have a choice right the EPA has proposed new rules basically

they can't control what? companies Make and put out but they can Make a new rule they they have a new route. They they are proposing a new rule on tailpipe emissions Which basically the only way for car manufacturers to be in compliance with this rule would be for them to shift heavily into EVs. Like hugely, we're talking, you know, two thirds of the cars they're putting out and selling. And that's just for kind of passenger vehicles.

And then it would have to be like a third of all heavyweight vehicles would have to be in compliance with this or electric vehicles to comply with this. And I don't think it would go into effect until 2027. Correct. And yeah, so there's going to be challenges to this. I think there already is challenges to this from the right. Oh yeah, they're immediately saying that this is government overreach.

They're saying it's government overreach and that it's stifling fucking innovation, I don't know. But there are, so this goes back to the unions. The unions are actually concerned about this because There is a question Currently less people work on cars when it comes to electric right car manufacturer requires significantly less Workers fewer workers to the internal combustion engine dust right and not only that but EVs are more expensive.

So there's a question of whether the consumer demand is actually strong enough to warrant this kind of thing. Well, that's the thing. It's going to have to be a multi-front thing, right? We've talked about many times. There are still so many obstacles to this. People don't buy them not because they're like, oh, I hate EVs, they're more expensive. They just, even with your, everyone talks about what is it?

$7,500 tax rebate you get for buying one. And again, that's going to be, that's not something you get immediately, right? You're going to get that when you file your taxes, you're going to get that in your return. Most people can't just be like, oh, well, it's fine. I'll get that $7,500 later. Their expensive range anxiety is still the biggest thing for people. Oh, and without the proper infrastructure. And again, the Biden administration said they are,

they are committed to building out this infrastructure. What did they say? Half a million charging stations or something like that across the country. Right. And there's still no universal. I don't think. Well, it's really just, I think Tesla's a holdout.

They have a separate thing, but I think they're, Tesla, I don't know if they've done it yet, but they've been talking for a while now. They want to open up their charging network to other vehicles. To be smart because they're the fastest, right? And then you have other private networks. I think the Rivian Adventure network, I don't know how far along they are now, but But yeah, it's just not there yet. I mean we went to when we went to the tennis tournament and does it one of our friends drove out In his Tesla and it was a bit like on the way home. He was like, where the fuck am I gonna?

Is there nothing on the way home? There must be but he had like 40 miles left and trying to game it out and it's like yeah I'll just pop it over to the gas station. Yeah. I mean, so they're gonna have to figure out all these things at once to get people to do it. They're gonna have to get manufacturers on board. They're gonna have to get people on board, consumers on board. Their whole thing is this is for combating global warming,

climate change. We gotta reduce our carbon emissions. How about instead of forcing all of these car makers to do this shit, how about we invest just as much heavily into fucking public transport? Cami, piece of shit. You pinko. You call me a coming to the cows come home. And I don't give a shit. Well, I mean, that's the real thing, right? This is all for, I don't know.

It's fucking, we're cars are big business. But, well, the real thing is no one wants to change their lifestyle, right? No one wants to make any real changes. And I genuinely do think if you want to make any real difference, people I genuinely do think if you want to make any real difference, it's people are going to have to start living differently and they don't want to do that. So this is our... Because they don't know any better though. That's not true.

Okay. Well, I mean, I'm not going to speak to the how much people know, but yeah, we're gonna have to like live in walkable cities, use things like public transportation, you know, but we don't wanna do that. Yeah, so our fix is, well, we'll just make everyone do electric cars. Which then begs the question, two things. Gotta get those natural resources from somewhere, the lithium and the cobalt and all that other shit. Gotta get that from somewhere. It doesn't just come out of the

ground like magically. Boys, am I right? We're losing the boys. Yeah, we're losing the boys. We gotta get you guys, you wanna job, get into lithium mining. But that's why, as Elon said, we will coup whoever we want. Yeah, we will coup Jesus Christ. But then that also begs the question. Our infrastructure can't, can our infrastructure even fucking handle all these electric vehicles that are gonna need charging?

California famously, was it last summer or the summer before? I don't know, you gotta tell me what you're talking about. I think it was last summer, sorry. It was last summer when it summer before? I don't know, you got to tell me what you're talking about before. I think it was last summer when, I was alright. California famously. Last summer had to ask people to not charge their electric cars because the grid couldn't handle it. Oh, yeah.

Yeah. And yet we're all supposed, California is supposed to stop the sale of internal combustion engine cars in a decade. Like what are we doing? What are we doing to be able to support all of these new electric cars? And the West got so hot roads were buckling all over. Oregon, Washington.

Really? And that's, yeah, that's a problem since it normally doesn't get that hot. Have fun in your electric car. Yeah, fuck man. problems is normally doesn't get that hot. Have fun in your electric car. Yeah, fuck man. I don't know why not just put fucking solar panels

on the roofs. You do that? No, no, I don't think they have that. I can't believe I thought that they would like Tesla plaid or whatever it could do that. Fucking Jesus Christ. They just need to make us president. We'll figure it out, man.

I always say no to that. What about like secret president? What if you could rule in secret? Make the rules there. The basic reason is for lack of a acreage without getting into the technical nitty-gritty. There just isn't enough space for a large enough solar collection system on top of cars

to make a meaningful contribution to the charging needs of the battery. Okay. Thank you. They just make the whole thing out of a solar panel. Yeah. Yeah. One of the things we make the whole car out of a solar thing.

Oh my God. Oh, speaking of Tesla, they're fucking, there was this headline that came out about how Tesla workers were sharing internally private. Right. So, Tesla's have cameras all over them. Yes. They turn on whenever there's a bump or any kind of accident or whatever, it starts recording for you. Yeah. And so, I guess there was some report that they were sharing around at the offices. These recordings that they said were private.

And I guess they weren't sharing them to the public, but true. Socks though. It's a bit like the NSA laughing at you for getting dumped in your texts. Some of the recordings caught Tesla customers in embarrassing situations. One employee described a video of a man approaching a vehicle completely naked. I mean, so, oh god, one crash video in 2021 showed a Tesla driving at high speed in a residential area, hitting a child riding a bike. The child flew in one direction, the bike in another. Oh yeah, yeah. Why did you want to watch that if you're a Tesla employee?

Because they're fuck, I don't know. know Hey could someone queue up some children getting hit Yeah, I had a bad Elon just yelled at me can someone someone pull up that kid getting this fucking hit I mean I guess Those videos aren't necessarily of the Tesla owners themselves Could be I guess no I think that one sounds like it was a bike owner. Yeah. Yeah. Hahaha.

Hahaha. Hahaha. Hahaha. Tesla, they did come out and say, we really value the privacy of our customers. Hmm. We wouldn't know. I mean, these videos are, the people are anonymous. It's not like we know who they are. Okay, all right, fine, whatever.

Yeah, I'm a little worried. I don't, I have an internal combustion engine car right now. I'm a little worried it's gonna be hard to sell it when I want to. In like seven years? Yeah, so keep it. Well, I don't want to keep it. Like, I probably want an electric car. Gas is so expensive. Yeah, it keep it. Well, I don't want to keep it like I probably want an electric car.

Gas is so expensive. Yeah, it's insane here. So, I'd love to get rid of it, but that was the thing. I didn't want to... They had a hybrid version of my car. It was probably close to $10,000 more. Jesus, fucking Christ, man. Jesus, fucking Christ. You can't fucking win. You can't win these days with the gas. My car is unempty. I got to fill that shit up You know who's not making it easier on us Those fucking guys and Middle East

Opec yeah, right yeah, you guys know what Opec is You guys know what Opec is? You guys know what OPEC is? Do you? Yeah, it's the oil producing. What is it? Don't pull it up. Fuck. All right, oil producing, oil producing,

Eastern countries. There's no way you think it's that. No, no, no. It's, I know what it is, but I can't remember. It's oil producing economy. Fuck. What? Companies.

Countries. I know oil producing blank countries, right? No. Oil producing something cartel. No. Fuck. Fuck. What is it, Amul?

I don't know what it is. Really? Okay, what do you get? It's confusing, I don't have a guess, just show it to us. Yeah, organization of the petroleum exporting countries. I knew it wasn't oil producing though, because it's like, that's the one that. So for those of you who don't know,

OPEC is the organization of the petroleum exporting countries, and it is a permanent intergovernmental organization created at the Baghdad conference on September 10th through 14th and 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. They basically all get together as some of the biggest oil producing countries and they dictate how Oil prices are going to be by how much production they are going to increase or decrease and they just did what Saudi Arabia likes it when When oil barrels of oil cost around a $100 a barrel, right? Yeah.

And so they cut production so that it's going to get more expensive to artificially reduce the supply. And we're just kind of at the mercy of that. Yep. Gas is going to get more expensive. I mean, one of the big problems is right now we are in this precarious situation with inflation and everything and the economy is kind of under stress in so many sectors,

including, you know, we just saw everything with the banking sector, but when oil prices go up, everything gets more expensive. So, we're at this weird thing where we're like, well, okay, you guys are kind of playing chicken with how much can the economy handle? Yeah. And they need more money, though. According to them, they do, right?

They want, they've got all these modernization projects and stuff, right? The kingdom also needs more money to pay for the crown prince's vision 2030 project. And it's so called the giga projects, such as the development of the futuristic city, Neum, and on the Red Sea, Vision 2030, has long been the centerpiece of the Crown Prince's plans to reform the kingdom, but has struggled to attract international investment. So their energy minister says their task

is to generate cash to make sure that Saudi gets the highest return on its investments, including from its domestic oil production. Domestic ambition trumps everything else under MBS. You ever think, sir, Mr. Crown Prince, that if you made oil cheaper, people would be more inclined to get out and drive their cars? That's just one guy's opinion. Well, I mean, it's funny timing, too, with all this EPA stuff, because some of these

people who are going to challenge it are talking about, so for example, the attorney general of West Virginia Patrick Morrissey is one of the people backing the challenge. He said, this is administration is hell-bent on destroying America's energy security and independence by making us dependent on resources and components that can only come from abroad.

He's talking about the Biden administration. Yeah, with the electrification of things, but it's like, sir, we are currently dealing with that. Yeah. Well, and it's also interesting because America, you would think that based on how seemingly held hostage we are by the whims of OPEC that we don't produce any oil, we produce the most oil out of everyone.

Yeah. By far. And you know who did that? Ronald Reagan? No. John Kennedy. No. Roosevelt. Dude, you're going way too far back. George Bush. Obama. Obama. He brags about it. I'm the one who did that. I'm uh, you the you have been the number one producer of oil. I'm the one who did that. Yeah, he taught he loves to brag about his Right wing bonafide I Mean I guess I can kind of appreciate the precarious position you would find yourself in where it's like

Hey, we got all this fucking oil. We need to be a little more energy independent But don't we ship a bunch of it out like why not keep it within the family man right Yeah, stop shipping it, dude. Keep it here. Let's hoard this fucking oil. You heard it here first, folks. Ben Conn. That's hard. When he runs for secret president, let's hoard the oil. When I am elected secret president, I will ensure that we hoard this oil. And we'll have a Christmas miracle or a Hanukkah miracle. It'll be meant to last for one year, but we'll make it last eight years until we can get to this until we can get EVs fully up and running and figure out a fucking way to have the grid not fully collapse. Jesus Christ. But yeah, so not only that, but our strategic reserves,

we've dipped into. That's what Biden did to try to keep gas prices down over the last year. And yeah, but Saudi Arabia thinks that, oh, the world economy as fragile as it is right now can actually handle these higher prices. Well, hey, someone's got to pay for Vision 2030, baby. Like, dude, if you're...

If you want people to come visit your country and you want to have these ambitious things, that's great. But you're not going to... If you help plunge the world into a recession because of your ambitions, you're not going to have people being able to afford to come out and check out your cool new sim city, you know. I don't know. I just think it kind of is a big ask to have people invest in your new city. That's going to be in probably a pretty inhospitable location in 2030. Yeah. They're just like, no one's investing.

No, I'm just investing in my desert city. Gosh. The region is getting extremely hot. Oh, if there's a power outage in Dubai, it's like you could die within four hours or something without air conditioning and water. And it's just funny to blame. Yeah, foreign investors.

Yeah. Hey guy, how about you plant some trees? I don't know, Jesus Christ. Also, they're worth trillions of dollars. Who? These people, these Saudi guys. Oh, they're worth, I think their Saudi Aramco has valued it, I don't know, $3 trillion.

Calm down, sir. These people, I swear, these guys, these oil guys, that's what I mean when I say these people. Sure, sure. Oil guys. I'm talking about Texas guys too with the big ol' hats. We are running out of time. Do you want to try to get into one of these,

the Bitcoin or the Clarence Thomas? I defer to you, my friend. Fuck, they're both very funny. Mmmmmmmmm. We could do both. We could do both. We'll see. Alright, let's do the Bitcoin thing real quick.

Bitcoin went back above 30,000. Bitcoin above 30,000. Bitcoin's going to a million. Bitcoin, two hundred million. Yeah, Bitcoin is back up, and in the wake of this, there was a big New York time story, which, I mean, it's very long and dense.

You should look into it, it's very wild. They basically claim to have done an in-depth look and they use this nonprofit who measures a lot of these things with the use of resources around cryptocurrency mining and they found that there's a huge cost for these operations and What kind of cost? well So for they they had a bunch of stories if you click on the if you click on the link the the first story is probably the most

egregious example, but they have other examples as well, and so there's this story about, you probably remember the Texas power grid. Who could forget? Alapsing. Yes. And so the first story, it opens with this first story about, you know, so Texas was grasping for gasping for electricity. Winter storm, Erie had knocked out power plants across the state, leaving tens of thousands of homes in icy darkness. by the end of February 14th

2021 nearly 40 people had died some from freezing some from the freezing cold meanwhile in the husk of a one-time aluminum smelting plant an hour outside of Austin row row upon row of computers were using enough electricity to power about 6500 homes as they Race to earn Bitcoin the world's largest cryptocurrency Go down a little bit cuz you, whatever they explain how it works. But in Texas, the computers kept running until just after midnight, then the state's power grid operator ordered them, ordered them shut off under an agreement that allowed it to do so if the system was about to fail. And return, it began paying the Bitcoin company BitDeer an average of $175,000 an hour

to keep the computers offline. Over the next four days, BitDear would make more than $18 million. Holy fuck. For not operating from fees ultimately paid by Texans who had endured the storm. Good for BitDear. Good for you. They go through these things where not only are they using

power when others are going without it, they can, they then have these opportunities in certain states, especially New York, Pennsylvania, Texas, and Blanket on the other one, but they have these agreements where when they willingly shut off their power, they get paid these absurd amounts of money. Right? Let's see here. So yeah, so in some states, notably New York, Pennsylvania,

and Texas Bitcoin operators revenue can ultimately come from other power customers. The clearest example is Texas where Bitcoin companies are paid by the grid operator for promising to quickly power down if necessary to prevent blackouts. In practice, they rarely are asked to shut down and instead earn additional money while doing exactly what they would have been doing anyway.

Five operations have collectively made at least 60 million dollars from that program. Jesus, fuck you, God. So you know, this is obviously wrong and fud and New York Times just hates. And also how much CO2 does New York Times emit, huh? Right. Well, they also point out that apparently this is, you know, it's not necessary to have this complicated of a, of an algorithm like Bitcoin does some, some currencies like Ethereum have put in place systems

that have made it easier to mine cryptocurrency. So you don't have to use all this energy. But the funniest part about this is that there's been a pushback, and it's annoying because I don't like to just read a New York Times the way I go, like, well, I'm sure they're right. But crypto is always the hardest to get to get an accurate,

an accurate, reasonable response. And so the responses were either just Leonardo DiCaprio in Jango Unchained, going, doing that fucking meme face with Bitcoin. And you're like, okay, that isn't a response. Or it's like Natalie Brunel had a... Who came on the show? Who came on the show?

She responded to them and she was like, but this is worth it because the ultimate cost is us not having, but anyway, okay. And so, and then some of the, there are some people who are saying these are way overstated amounts of energy they're using. And, but there's not a lot, like no one had good links for anything to respond to it. And the best one.

The best one was Riot platforms who is named in the article as one of these farms doing these, or as one of these mining people. And well, let's just watch it. But they start out by saying they watch the whole thing. Zero carbon emissions they claim. You'll get what's happening in a very short while. We're here at Rockdale, Texas. We've got lots of plants here.

These plants are consuming CO2. He's in a fucking field with grass. It's fantastic. When we measure CO2 out here, we're in the green. There are very low levels of CO2. 455 parts per million of CO2. Just fantastic reading. Rockdale has some of the freshest air I've ever breathed.

So this is a great way to establish a baseline. We're going to go inside the mining facility, and we're going to see how much is this number going to go up. If the number does not go up, then the mining rigs are not knitting any CO2. Just a total troll. That would be interesting as well. So, let's find out.

Let's find out where the science happens. Okay. The largest Bitcoin mining facility in the United States. Outside, we were at 455 parts per minute. Let's find out what we're at inside. Inside, we're at 40 minutes. Well, would you look at that? Parts per minute.

All right, you can pause it. It's just, but so the spirit of crypto is trolling and- But that's the thing, either one of two things- This is the thing that just- Either happening. He's either genuine and a moron and thinks that- That's how CO2 emissions work. Yeah. And that when they're Bitcoin mining, they're just all kind of spraying off.

But what people are really talking about is that- you need to burn fossil fuels to power these things. Yeah. Or he's trolling. I think. And so I'm sure he's, I imagine he's trolling. But that's the only thing you either get like, fuck you, suck it. Like you suck. Ha, ha, ha, total disingenuous takes like that. Or just absolute bird-brained, yeah. Moronic shit, and I'm like,

Bravo, I mean, they're always figuring out a new scam. You gotta give it to them. You really do. Jesus fucking God. Well, it's our fault for not buying Bitcoin. I mean, look at us. Hey, I think you're today, if you got in, you would have doubled your money.

Yeah, actually. Well, folks, I guess that just about wraps it up for this episode of Trilina Remindsett. We hope you enjoyed it. Leave us a comment. We love to hear what the boys... Let's know if you like the boys only episode. I think next week we're doing girls only. Yeah, Yeah. It's going to be a good one. Yeah. So so boys, we

hope you enjoyed this because next week you can't tune in. Yeah. Enjoy it. Enjoy it. Watch it twice. Maybe watch it again next week because you know, you won't be able to tune into the girls only episode. As always, if you made it this far, what the fuck? What the fuck? You're sick. You're sick. We'd like it if you got it this far what the fuck what the fuck you're sick you're sick weirdo We'd like it if you got help yeah But thank you for your support nonetheless and we're gonna go into after hours now teams gstudios dot TV Where we're gonna talk about all sorts of crazy shit, man. Oh my god look at this these topics holy god Oh my god

What I I don't know if I can say that. Well, it is kinda paywalls. Yeah, it is behind the paywall. We're gonna be naughty. But that is a crazy, wow. Girls are allowed in this one. So anyway. This week on After Hours. The olive oil infused coffee.

Like even oliato, it sounds like- It sounds like an Italian word, olioato. I bet I can handle it, I ain't so much olive oil. Next week I'm going back, I'm getting back on the wagon, back on the horse, and I'm gonna whip that horse's behind. The horse is just shitting everywhere. These are lethal weapons, and if I were to punch you,

you would die, so I don't feel like going to jail today. Not again, that- I just got out of prison,'t feel like going to jail today. Not again then. I just got out of prison. I'm not going back. I'm not going back. Fuck. Did he hear it? I'm looking at my friend.

Did he hear it? Sign up on TMGStudios.tv to watch the full bonus episode. Pfft! Pfft! Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha