Rogue Investigator BLOWS LID OFF on Strange Theory | Zach Foust

Shack here. What's it like to buy a car from Carvana or 100% online and get it delivered to your door? Let me tell you, your car is here, Mr. Shack. Thank you, Mr. Carvana guy. Can't wait to take it for a spin. Only the best for you, Mr. Shack. Hey, have you always been so big tall and handsome? Not always. I was 6-10 once. Seven days to live and return it, Mr. Shack. Not that I would. You never do. No, I never do. So buy your car today on Carvana. Delivery fees may apply. See our seven-day return policy at Carvana.com. Hey guys, if you're not following me on Spotify, please hit that follow button and leave a five-star review. They're both a cute, true chelp. Thank you. Oh, I put in parentheses X and then CIA with a narrow. He's like, "That's fair." Like I said it down right before we got on. He's like, "That's fair." Speaking of X CIA, how do you feel about that John guy, Kira Kaku? John Kira Kaku. Are we rolling deep? All right, we're rolling. Kira Kaku, Kira Kaku's a good friend of mine. It would break my heart if he was still on the payroll. And I would genuinely be stunned because of all the things that people publicly know that he's gone through, that they put him through. Right. But beyond that, the things that he went through privately that he can't talk about. Yeah. If he did that and this were a sheep dipping situation, it is the most committed to a bit I have ever seen someone in my life. And it would be pretty heartbreaking. Wouldn't a guy like that, though, talking about what he's talking about, about the people that he's seemingly involved with? Why would they be letting him talk so long? He's doing a podcast story about it. Well, that's a great question. I think there's a couple of reasons there. I think number one, there are people who are currently in government, despite all their own litany of PR issues, who see him as it's advantageous, some of the other things that he's talking about. Not when we talk about Epstein and Israel and stuff like that, that's not advantageous for him. But some of the other things he talks about. Which does it go heavy into the Israel thing? He like alludes to it. Almost like JD did the other day with Joe Rogan. Yeah, I think he's a little harder on it than JD because he worked there. He had to work, you know, insetuations with massage guys and stuff. And that was a personal just disagreement. They did not like each other. But, you know, I think the other part of it is they also already ran him through the system. They threw his ass in prison and they can't really do anything to him. He already had to, had to plead guilty to a few charges that he wasn't guilty of. Like they already over his whole life. So at this point, it's like they created this Frankenstein. And now they just got to deal with it, you know? I guess I'm just so pessimistic now, especially when people talk about this. We know they're going on. Why are you so freely allowed to just, because people say like once CIA always see it, I know he hates that. I know he hates that phrase, but it's like, Hey, it's a fair, it is a very fair point. Like my other friend Andy Boost-A-Monte, he 100% still works. I've been saying that since the first time he ever came on here. So it's fine. But he would claim he doesn't. Of course he claims he doesn't. He laughs at me. But like, you know, on air off air, I'm like, you know, fool me about. I see the government talking points. But then there's what I worry about more is when it's someone who doesn't have, you know, you look across all these different shows that are happening now, they have huge audiences. And someone comes on shows who doesn't have a resume anywhere near government, right? But something's going on there. I don't know. I don't know who those people are. Other hosts don't know who those people are. But like, why would messaging from whoever that might be? And it's not one person. I'm sure it happens more often than we think. Why would they want these people to say these things, whatever those are? I think about that a lot. I think about that a ton. There have been a couple times where I've been in the studio and I've been sitting with someone and when they leave, I think about it. And I'm like, some of that felt a little unnatural. It's only been a couple times. Like, why would they want me to know that type thing? Like, where are you getting at? Join my Patreon for early uncensored releases of the full episodes. You can join via the link in my description or in the pinned comment below. And number three, if you'd like to join my clipping community for a chance to make content from the show and make money, you can join via the Discord link in my description below. Like what? You talk with someone for three hours, right? So get to know him a little bit. You get to know him. Why'd they slide in this thing at the second hour? Okay, got it. Once we were already deep, it kind of had nothing to do with anything. And then I'm like, yeah, I'm just being paranoid because what the fuck am I going to do about it? YouTube or YouTube? So you're saying like maybe they had a little checkbox they wanted to hit before they got off of you? Exactly. Okay. Exactly. And it never really came up who's kind of forced by them. A little bit. Yeah. Or like a point that was made in there. And then I'm like, well, how many people are going to hear this? And then how many people are going to be, you know, think like, oh, I really like this person and then want to agree with them on that thing. You know what I mean? Like, that's why it's like a psychological thing. It's very strange. The psychological vibe we could get into this whole entire time. Before we do, by the way, please, this is your, this is your plane, sir. Go ahead. We just open this thing up. 21 questions right here. But we've had, we've been having a great conversation for an hour and a half. I love your work, man. I love yours, brother. Thank you. Thank you. Come here. We're going to reach out. Yeah. Yeah. But I love your videos. You are, we'll get into your story today and everything. But you are really speaking for so many people, especially in the younger generations, who to use your phrase are getting worried about whether or not there is, in fact, the light at the end of the tunnel. And I think, I think if more people like you are, you know, putting sunlight on there to be the best disinfectant, you know, maybe we can turn some things around here because I know you and I were talking we're both optimistic people. And sometimes we're just looking at this world like, what the? All the time. But, you know, what's, so, so you were in real estate for like a full decade or something like that? Still am. Before, and you still are, but like where you were full time in that, do selling houses all the time and then the content thing started, we can get there. But before that, you were in the military as well. Yep. We're, we're, what part of the military? Uh, so I actually joined the Army National Guard. I did not want to do the full time Army thing. And then my unit said, as soon as I got back from tech school, which was a year long. I didn't know I was signing up for that. So then I got home and they're like, yeah, we're going to Afghanistan in a month. It's like, oh, shit. So I turned into a real army soldier real fast. What year? It's 2013. Oh, this is when Afghanistan was popping on 2013. I didn't see anything nuts. We got bombed every other week or so. But, like, but, but, but, but, like, let me hear you. Hear me, I hear me out. These are like rocket propelled grenades coming off mountains where they're currently watching their goats. Half of them end up going into the river. There's, there's not anything like, I'm not going to say here and be like, it's, it wasn't that crazy. It was not crazy. I got more funny stories about when bombs are going off than any. More funny stories like when they knew we had a basketball tournament going on, they kept bombing us like every 20 minutes because they knew our time schedule. Like, oh, they're going to go to the bunker for 15 and then it clears and then it goes out. They were just ruining our basketball tournament. Well, that's, I appreciate them working on the schedule. Yeah, they were. Who's my bombers on schedule? Who are you rotating then anything? Oh, yeah, July 4th hit. It was gigantic bombings that day. For sure. For sure. So they throw a bomb and then you guys would light some fireworks off and like go. Pretty much, pretty much. But I got out of that and then I did two years active within the guard working in their marketing department. I'll make some of them in the marketing for the, yeah, for Delaware, for Delaware. And I enjoyed that. That was like my first taste of having a little bit of creativity in a job. And so I think that kind of unlocked something that now I get to experience a lot. Now that they let you really get creative. No, yeah. No. In fact, back then, they, they got like a $50,000 sponsor. We need you to make this 16 foot banner for the Wilmington Blue Rocks. I'm like, how much? 50,000 out for the Wilmington Blue Rocks. All 10 people in the stands. What if we fucking work? Could we put that into a Facebook ad? I can make us Facebook ad. I can make us a band. We could, there's so many kids on Facebook and Instagram right now. You know, I don't, I don't have the Blue Rocks. Okay. And they just had, they just had, they just had a budget that they had to hit. They're going to spend their money and that was what it was. But I did get a little inkling of the creativity. That creativity would lead me to joining the Department of Corrections as a prison guard. You were a prison guard? As much as that sounds believable. Yes. And one of the worst they've ever had. Gander Hill was the one I spent the most at, which actually not far from here at Wilmington. How was that? That's a psychological. Honestly, not bad to only be there for about a year. The people that spend their entire career there, it's really hard. Yeah. It's really hard. And Delaware is not one of those really hard prisons either. It's pretty low-key, but still prison. Yeah, and you're around people all day that are either there for their entire lives, they're depressed, you know, they don't have anything to look forward to. Except like lunch. And people that are doing the same thing. They're like, I'm going to be here for the next 20 years. And the next thing I'm excited for is, is lunch. And that's just the people you hang around with all day for 20 years. And those people kind of become solace, you know, people. And it's not fun to be around. There is not much enjoyment in that job. But. Did you get, because you're young doing that. I mean, that's an early job for you. Did you get some interesting perspective on life, though, like where you are, you know, you're there to do a job. So sometimes you're talking with guys who are in there for whether it's 20 years or life or something like that. Like, you know, they made decisions that put them in a bad position, obviously. And now. they just sit there and watch the clock when we're told they die. Yeah, I remember one good story that I was able, because the main thing I would get in trouble for and I never got like written up, but I could like talk to, I would talk to the inmates too much. They're like, oh, I'll be talking ball with them. You're like, y'all see Kyrie last night, I'm like, oh yeah, we're talking ball. You're allowed to, you're allowed to. You're allowed to talk ball with the inmates. They're normal people. I think Kyrie watches this show, so. Oh, yeah. He's out there right now, you know. Hey, listen, I was a cab's fan when LeBron left, when Kyrie came to, oh my god, he was my god for a little bit. Kyrie and then, and then he became the truther before anybody up. I'll rock with Kyrie, man, shout you out. One of, if not the most common DMs I get on Instagram, are many of you asking me what my favorite books are. Well, today's your lucky day, because if you use the link in my description below to join my newsletter, I'm going to give you my top 10 book recommendations right now. Also, if you'd like to join my clipping community for a chance to make money producing content from the show, you can do so via the Discord link in my description below. And finally, you can join my Patreon for early uncensored releases of the full episodes via the Patreon link in my description below. As always, please take one second to hit that subscribe button. If you haven't already, I really appreciate that. Also, the like button's a big help, and you can join my newsletter via the link in the description. The one story, I remember a lot is there was this one guy we were at a level four in Wilmington, a level four prison in Delaware, is almost like a work release. Okay. And so it's a weird spot because you get this combo of people who like evaded their taxes with someone who murdered people 20 years ago and now they're kind of slowly getting back to society. All right, so here's a novice take right here because I'm not familiar with the grading, but why do you have those people, if it's so close to a work release, why do you have people who are in like prison for life there too? Because this is when they were, and it's not everybody that they do this too, but for the most part, when they're getting towards the end of their sentence, it like slowly gets them back in the society. Like now you can go get a job. Now yeah, let's slowly get you back into it. Like the end of the end of the guy's life, and Josh, yeah, exactly, exact Brooks. Yeah, yeah, then he goes and does groceries for a little bit, and then he hangs himself. Exactly, that's right. That's it. I'm sorry, I had to bring it up, it's sad, you know. I've seen that movie, man. That's seen Kills. Sorry, every time. You haven't seen Josh Angry, oh, spoiler alert. Sorry, I haven't seen the Godfather. I don't know what the fuck in here. I don't want to fucking hear it from you. Don't be making fun of my people. You haven't seen Godfather one, a Godfather two, and you're a New Jersey right now. I hear you left out Godfather three there. That was interesting. I think Godfather three, you just understood movie. But you know, could have been better. We can both agree that one of the greatest trilogies was Batman Dark Knight. And it was ahead of its time. Beautifully ahead of its time. I mean, now we have the Joker of TikTok. Now he's like, the Joker wasn't that crazy. He just wanted the world to burn. That's wild. Oh, man. The this guy that was at this level before he'd been in for 25 years. And I was just getting started in delving into getting my real estate license. So I kind of had to entrepreneurial bug. And I asked one boy in here. He was just shooting around. And he said, Oh, I was a drug king band. Oh, yeah, oh, tell me about it. As I as I normally did, which obviously I wasn't really supposed to, but regardless, they also had an Xbox that they snuck in and I played FIFA with them once. That was fun. Beat their ass. The That's a fun. No, I told I told them they could keep playing two if they beat me and then I won and half. And they shut it off. Level four is different. It's not like they snuck the Xbox in. You love it. Like you left and they're like, oh, thank God. Probably, probably, probably the inmates and the correctional facility. But this guy ran a, he said he had over a hundred people working in his infrastructure. Top down from suppliers, dealers, you know, who were making sure that all the logistics were handled. It was a full-fledged business. Yeah, in an electric over here. Yeah, in the in the early 80s coming out of the 70s, selling a black market item. Here I am trying to learn how to sell a home publicly online and you were selling things. You weren't even allowed to market. Right. And it comes right to that. I'm like, I see a lot of what I'm initially starting to look at in the framework of a business that just kind of started off on a different, I don't want to start a different decision. Maybe just they had a different position in life, a different foundation than I had. And so now they're going after something that was attainable for them. But still, I mean, it's crazy to say still is kind of as admirable. So smart people that existed in there was probably the biggest shift for me. Because I was raised in like a Republican household. We didn't talk a lot about the big social issues of the world. Going from prison in Afghanistan for sure, shifted my mindset a little bit about how other people are being treated. It didn't dawn on me as heavily as maybe it does in the last three, four years. But it's definitely a good perspective to look back on. What in Afghanistan? Because you said, besides they were just bombing on schedule. Oh, cool that what was really how cool the Afghans were. Yeah, how cool the Afghans were. We have we had a there's one five five. I don't know if I can say the name because I don't know if it still exists. Where it was a small little area in the midst of a bunch of different hills. We're almost in like a bunker base. And it only was accessible by two helicopter paths. And I was there for the tech. There was a CIA section of this. There's we don't actually know who was there. We think that there were also like high-level seals and stuff because they come in and they're their black hawks and not talk to us and go straight in. But when we were there, I met a group of three Afghans who worked on what was called a blue green sector of our fab. So it was their military working with our military. And we just played ping pong all the time together. Cool guys. And cool guys. Could they have wanted to secretly cut my neck open? Maybe. But they're really good at ping pong. Yeah. And we seemingly actually connected on a lot of different things. I had a lot of questions about America. I had a lot of questions about Afghanistan. It's like, you know, we kind of both learned, you know, through months that you were kind of that propaganda about each other a little bit. So that was kind of a little bit of a little bit of an eye-opener. You know, the guy that's making my sub. You know, does he want this war going on? You know, he's just sitting here making a sub sandwich. Yeah. So seeing that, of course, there were people there that wanted a stead because we were getting bombed all the time. Right. But there was also a subset of people that probably wanted nothing to do with this and wanted to make food. There's probably an understanding among a lot of people that were there. I don't know if I've ever asked any of the guys there about this. It's interesting. But, you know, where some of the people on the ground there, not all of them, like you said, some may hate you, some may love you. But, you know, some of the people on the ground there know that you're there. And you didn't decide to be there and a bunch of people in suits decided for you to be there. And when you're just chilling, playing ping-pong, eating food or whatever, they're like, you know what? If we had grown up next to each other, we wouldn't think that much different. Now, I will say the guy that played a prank on me when he was cutting my hair with a straight razor. No. Not fun. That wasn't good. Not fun, yeah. I'd been going there for a good month. Middle of my haircut, he starts going for the straight razor, right? He starts cutting me up. In the middle of us in mid-conversation, he just goes, full-fgany speak, which Posh-2 was, I believe, the language. Oh, no. Two is boy over there. And then they both started looking at me. And they could see my face shift. They're like, "Nah, nah, nah, nah, nah, he was a Japanese." Oh, my God. They hit you with the Aloe walk bar or something? Listen, I don't even know what they were saying. But I was like, this is it. This is it. This is the straight blade is going to happen. And I'm at somewhere. Yeah. But that was probably the scariest moment. It was actually a lot of fun. But the rest of it was fun. Yeah, I mean, I got to work with a lot of Ukrainian soldiers. They just love to drink and party. I was at one spot where there was only about like 10 American soldiers. The rest were Polish. Yeah, Chingmosh. And I do too. We forget how many different countries just had the units in that place all the time with us supporting the effort. Almost all the European countries. Australia. They were all there. Would the Ukrainians think of the Donbass at the time? Who? Donald Trump? No. Who's Donbass? No, what the fuck? He wasn't even a thought in 2013. I wouldn't what's it called the Ness and I never remember how to say it. The Donbass region. The thing they fight over in this world where Putin's like that's ours. And the Ukrainians are like that's ours. And then the people that live there are like, it's kind of theirs. And then they're like, no, it's ours. We'd have a thrilling podcast if I was there today. But at the time. At the time. At the time, right. Blue, yeah. You were there. Like right when this was popping off almost. Sure. Yeah. And you weren't paying attention. Not at all. I thought I was there for serving America. I didn't even know. Serving Israel I was there. I got down. No clue. Poppy Fields and BB Netanyahu were signing my paycheck. Oh, did you get to take some party favors from the Poppy Fields? No, I never actually saw a Poppy Field. Oh, you never saw one. No, he's heard about it. I saw the hill that Mark Wahlberg and Lone Survivor survived on. That was kind of cool. Nah, that is cool. Yeah, I had the guy who was one of the dudes rescuing the troll. Oh, okay. So you've already had someone who's a lot closer to the situation. Yeah, he was up there and saying, "I saw it!" Where were you? I bled there. You know what he did a month later? What? He killed bin Laden. No way. That's the same guy. That's the same guy. I was like a year later or something. Oh, my God. Yeah. That's like a whole thing on the internet. He's retired now, right? Yeah. Yeah, he was retired. Do people think weirdly of him? He's involved in so many high-level. That holds. Hops, dude, that whole thing is one of the most toxic online conversations there is about people bitching about whether, you know. who killed Ben Laden or whatever. I really like Rob, and I'll tell you this, I 100% believe that Rob fully believes that he fired the kill and shots into Ben Laden. But the fact of the matter is, to quote Rob, like does him and then the one unnamed guy who's never come out publicly, the team leader at the top, those are the two guys who know what happened in there. And I was saying this to him the other day on the phone, I was like, you know what's crazy? This is like the greatest special mission of all time ever pulled off. Like, who the fuck is this? Why do people fight over this so much? But it's just how it is, 'cause he ended up, his name ended up being pulled public and all that, and then obviously he went public. After that-- - Did he explain why they threw him off the ship? - They've been, oh, the body. - We did talk to him about that, right? They didn't have any say in that matter. That wasn't like their part of the mission. They brought the body back, they handed it off, whatever happened there later. I think, you know, the thought was they didn't, they didn't want to create like a shrine for him, meaning like if he was buried somewhere, people would eventually figure out where it was, and it would become this like shrine for people who were anti-America or like Probe and Lawton. But in the process, I think what they did is they just opened, creak the door open for the conspiracy theory. - Right, when we walk through this enough to know if we can't see the body, we're gonna have questions. - And I understand that like people now don't blame them at all, with all the lies and we've been fed for so long of what you and I are gonna talk about, plenty of these today. It's so easy to just be like, therefore everything ever isn't true. - Yeah. - And it's fun too. It's a lot fun to say that. I will say I fully believe they killed the Lawton. I do, maybe part of that is like sitting here with a guy who's on it, but I do think they killed him. - Yeah, I think they killed him too. I wonder about where, what his actual position in all of it was. - Yeah, I mean, at that point, at that point, especially he's a tired old man living behind a 11 foot wall who just to get some information from the outside of Courier has to go through all these different places, just to backdoor it to him with a letter. So it's like, I don't really know what kind of power he had at that time other than-- - I think the main conspiracy is it connects back to Bush 'cause Bush's family and Saddam's parents were connected through oil. - Ooh. - Yeah, the original Bush. - I see, I don't know-- - Is that on your chart? - It is not, 9/11 is not on my chart. - It is not on your chart. - I know, I know. - Why is 9/11 on my chart? - I'm gonna pull this fucking chart up, Dave. - 9/11 is not on my chart. - It's the most autistic thing I've looked at this week. - Hell yeah, a dollar is the best compliment I've gotten. - All right, so we got five cells right here. What are they stand for? The sphere's a corruption, but what are-- - These are the spheres of corruption. This is just the culmination of a lot of frustrated content yelling in my car, wanting to be in one place. - That's right. - So that green cell right there, that's banks, private equity, Wall Street, all the finance stuff. - Can we zoom in on that real quick? - Sure. - These people can just see, like, see, you just connect it all of it. - So why are you laughing on there? You're laughing over there and laughing. - You see something funny? - This is American history. Where do you live? - Oh, chart right there. Is he in this? - I think that's John Adams, actually. - Oh, it looks like Alexander Hamilton. - Wow, allergies. - Oh, I know why he's in that. - Alexander Hamilton. - Gotcha, gotcha. Yeah, look at this. - Yeah, why is the founder of the first central bank get a big Broadway show? - Why do we do that? - Epstein's gonna have a show here in at least five years, calling it right now. Calling it Epstein on Broadway. - Now, this is pretty cool. We're gonna go back to this later for sure 'cause that's gonna tie in some things. But that's banks. What are the other four? - Yeah, that's banks. So like at the top, it's like Rothschild and then it gets in like US history banking. This is government, so we have things like the Freedom Cities, Honduras Gate. - Is that say Greenland? - Greenland. - Bangladesh America. - PayPal Mafia, Runlar, I don't know if you know Howard Lutnik? - Oh, I've heard of him. - Okay. - I've heard of him. I think he's heard of me too. He's probably heard of you. - I hope not, basically I've heard of you. (laughing) - I sure hope not. - That's gonna have to stay an inside joke. - Yes. - Okay, but he's got his own line here. - Yeah, yeah, scroll up real quick. That's Ron Lutter. - We didn't have the mic scroll down there. - And then there's Ron Lutter with Howard, or scroll down scroll down. There's Howard and Ron Lutter and that picture down at the bottom right in the right hand corner right now. - Okay, yeah, yeah, yeah, I see that. - Yeah. And then-- - And then he stayed Lutter fortune. - Yeah. So I try in this to try to make as many story telling connections as we can. Like if you kept scrolling to the right here, it's more on 9/11, how that played out, where he was, how we profited off of American Airlines. The fact that school shouldn't have been in at that time. - He profited off American Airlines after that. - Yes, bottom right, far broth is right with his bald head and the two highlighted sections. - Yeah, I'm always down for a tangent on how we. - Yeah, so zoom in right there. So it says Luttonook took anywhere from 15 to 25 million of the total 135 million dollar payout from American Airlines. He pocketed it and it was actually-- - No, no, no, no, I know about that. So that was for the victim's fund for Canon Fitzgerald that they paid directly into. - Correct. - That's kind of funny that he did that. - Yeah, it was confirmed by his own board. - That's a little funky right there. - It wasn't any money being taken off for his personally. Like any-- - It's insane. - A billionaire. - It's insane. - Taking money from the victims of one of the worst American tragedies ever. - Yeah. - And we're not supposed to just-- - We're supposed to look at that and be like that. It's okay, and if that was the only thing, maybe that would be the case. Okay, he's just a greedy SOB, but you and I both know there's so much that lines up in this guy. I wanted to have a place where we can put all of the information, not just on him, on a bunch of different people. - Oh yeah, it is. - Epstein, BB Netanyahu, Peter Teal, the whole deal. - Love it. - 'Cause we gotta put it in one place because I feel we're so divided, bro. I feel there's a lot of people that are like, kind of politically activated. And like I'm at, like I have a buddy of mine who just recently got on the sports. It has been fun. He's really enjoyed the World Cup. - He just recently got into sports. - Just recently got on the sports. What was a big sports head growing up? What was a big sports head? - That's right. - But it's just like start watching. - Yeah. - Yeah. So like you get into sports, right? And you start talking with people to talk sports. One of the first things as a baby virgin sports washer, they're gonna be like, "So who's your team?" Who's your team? I gotta know if I can like you right now. - Yeah, who's your team? - Yeah. What sport? - I don't like the answer to that already. - What sport? - Soccer football, football 14 honors. I was a 49er thanks to my dad. He was a Joe Montana fan. - He was from San Francisco. - He was actually from Arkansas. So Arkansas and Delaware both not having sports teams. We were free agents. - All right, actually that's, I'll accept Arkansas. - We were free agents. - That's where I want to accept, but that's all I'll accept. - Give my dad some love out of the notes if he'll own an Arkansas. - I'll accept it. - But I think politics is kinda the same thing. You start getting involved in caring about maybe what's going on in society one way or the next. And the first question people ask you. What team are you a part of? I gotta know if I can like you or hate you. I think that's pretty fucking stupid. This tribalism of politics. And as somebody who feels like the new guy, the newbie, I guess I wasn't a political guy. Everyone's on like, you gotta be this team. You gotta be that team. Can we talk about housing and healthcare? - That's the trap. - Yeah. Can we talk about things that economically stimulate the next generation and excite them toward being a valuable piece of this society, a valuable piece of this capitalist economy? A free market is determined by the people's motivation in mass to want to grow themselves. So in tune, it's gonna grow the economy. And we're not creating jobs. We're not creating opportunity. We're not creating higher education or at least making it more accessible. We're only making it less accessible. And that higher education now and I've been leading the jobs. - 100%. - So where's the, like you said at the beginning, where's the light at the end of the tunnel economically? I don't fucking know. That's why I started just putting the guy this corruption map. - Well, listen, it got here. But it started with a very simple question. - Yeah. - You know, it started with like, all right, how can we live the American dream the way it was supposed to be lined up for lack of a better way of putting it? - The first question I asked when I put my pen down was, - When you put your pen down, you're apparently never put those fucking things down over here. - I didn't, yeah, take it. - This is like the, this is like Heath Ledger's Joker Diary. (static) So if you're not taking an ambient at night, fuck, it's got like drawings in here, like that. - Don't read too deep, don't read. - Was that you or your daughter? - That's my daughter right there. Might have been me. It depends on the night, how much ambient, like you said. - That's you. - Yeah. - Anyway, was that say 6 AD? - No. - Probably. - Before BC to 6 AD. - Oh, well, maybe. (laughing) - Maybe, it's a rabbit hole goes deep. - The first question was, why can't my boys buy homes? I made a living off social media, selling homes to degenerates. - Did you generate? - degenerates. - degenerates? - Oh, because anybody could buy a house. If you had a, I could advise people to simply get their credits to grow above 620, have a full time job of any kind really. You needed to make like 36 grand a year, as long as you didn't have a lot of debt. - This wasn't before 2008. - Oh no, this was 2017, 2018. - This is not reassuring. - This is real. - This is very short. - So, on one of the links right now, you could pull up, you could pull up housing affordability. And we can see it playing this day. The annual income now required to buy a home is over $100,000. Then, And it was, if you have a full-time job, you're not driving a fully financed Mustang and you've made some payments and kept your credit score up. I can probably get you into a house and I loved that because I was able to take people who did not have a college degree, they were serving the military and got out like I did and get them started in asset accumulation because I learned very early on, we are in a debt-based society. Inflation has to persist and inflation is going to cause assets to go up. So if I can get you into a home, you get some dirt, you have a mortgage payment you can afford, you're going to start growing in your net worth. And I know a lot of the people I sold do back in 2017-2018, I'm like, hell yeah, I got a house sweet. Yeah. Yeah. But now it's not the same at all. Did you think about that back then? You just said something interesting there, you're like, we're in a debt-based society because inflation has to exist. When you're at the beginning of your career doing this 2324 out of the military now, working as a real estate agent, did you think about what you said out loud there? And the fact that, huh, that kind of actually doesn't make sense why the system set up that way. Not that it didn't make sense and not immediately. It was like three, four years in, I'd say about 2019-ish, just because I got curious about the history of it. The housing market really doesn't go in waves because I'd hear that a lot. Housing market goes in waves, ups and downs. It really doesn't. It goes up. The only two times it has in this 2008-1929, it's only two times you've ever had a crash. Both had an abominable, or just, recourse for the working class. The elites and wealthy kept buying everything up when all the prices went down. The unemployment rate, great depression was like 25 percent, like nothing was good for the working class. They were wearing barrels and trading and seashells, and then the elites were buying everything up. And then you look at 2008, when families were getting for closer space, they were getting bailed out. You see the same thing just in modern day. So there hasn't really been a correction or crash, especially when it gave opportunity for the next generation. So I do see people that will speculate and say, "Well, the housing market's going to crash." They're like, "Okay. What if it does? Is it going to benefit us?" What caused that? Is it going to be 10, 15, 20 percent unemployment? That's not good. No. Is because AI took all the jobs? That's not good. There's not a lot of lights at the other tunnel that I see in housing, and that's why I kept yelling, we need to get you into an asset, because this probably isn't going to crash, and if it does, you're going to be really happy you have this. I'm going to round numbers right now, because I don't have them in front of me, so just use these as an example. How do you, when you see them all out of whack, though, how do you say that to people? When you see incomes going up, I'm just making up numbers, saying average of 10 percent while expenses are going up an average of 40 percent every year, and then that trickles up into the houses as well, where you also have the largest generation in American history holding onto these things until they die, and they're just going to retirement now. Boomers holding investors buying up any affordable house that hits the market, they're bringing up whole communities, and it's not just blackstone in these private equity firms. It's also normal mom and pops. People that want 10 air being these. It's a huge problem. That's why I got out of just like making tiktoks to sell homes, because it no longer became a do these five steps and you'll own a home. Do you like them? There's 10 more, buddy. Yeah. It's like I got to climb the six foot ladder to get over the 10 foot wall, and I got over the 10 foot wall, and I was like, yay, now I get to teach other people how to get over the 10 foot wall. And I slowly but surely was 30 feet. Now I tell people-- Same ladder. And I tell people it's 30 feet, and they're like, they need the fucking work harder. I'm like, you dick. I watched the ladder not get bigger, and the wall has extended. I should have brought John in for this podcast, yeah. The wall is not-- the wall is so insurmountable, and they'll hand you the same advice. They'll tell you to work harder, say put money aside, pull yourself up at the bootstraps. But it used to be a job, allowed you to survive, and if you wanted to work harder and thrive, that was your choice. Yeah. If you want to run towards something, I had the opportunity to wake up and go after something. Yes. When I got my real estate license, it was the first thing I want to say I was ever good at. Really, I was a fuck up pretty much my whole life. This was the first thing I was really good at, and it excited me. Why did it excite you? Because you got to help people get dirt, and like, I mean, that in a good way, like get an asset and change their lives. I think it was-- it was somewhere between half of that and half selfish. It was the other side of, I felt like I had some control, some dominion over my life. And it was going to require more hours, and it was going to require more of me. But something about the future dividend of what I'm going to receive is actually based off what I put into it rather than if I was at a fixed income job, it really didn't matter. Like, when I was in the military, they even made fun of people who strove harder for promotion as like tryhards. Right. When I was like, and then I could be a slack off, this person would be a tryhard, if we're the same rank, we make the same money. Yeah. I hated that. And I get that's how that system works. So this part, I had that freedom about it. But then it started bleeding in the other parts of my life. Fitness, how I was eating, how I was communicating. And then it drove real estate deals in solely, but surely. But it did start with, I see an opportunity for people to not struggle as heavily. Let me get you out of rental, start building an asset, start getting in that worth. And that usually does lead to more-- how could I say it? The house is like the birthplace of wealth. The sale of a home is a lot of times of somebody's first nest egg of money. And now people can't get into it. So I struggle with seeing, again, the light at the end of the tunnel today, we're at the beginning. I saw nothing but light. Why though? You'll know nothing and be happy. Isn't that great? Didn't they tell us that? Isn't that great? I felt like that was, that just-- Thanks W E F. Thanks Larry. Right. Laurence D. Fink. Yeah. We talked about him. Sure. Absolutely. And you-- so when did you start 2016? In real estate? In real estate? Yeah. No. January 27th. January 27th. Either way. It's almost same difference. Meaning like you got to see the last of the-- what I'll call the roaring tens, right, where things were coming back, but not for everybody, right, where the system was already teetering. And then COVID happens. And it was the weirdest simultaneous, like, explosion in the sense that the housing market went off like crazy. Yes. People who already had wealth ended up profiting off it tremendously with the Whip-A-Marole. A lot of other people lost their jobs or lost their level of job forever in some cases. And then the housing market and the ability to own the asset went completely away or out of the potential range for many people coming up, be that young millennials and now Gen Z. And stuff to the point that I've seen you pull up some charts where it's like the average age of the first time homeowners trending towards going to be 40 years old. Already is. Already is, right now. Media and age is 40 years old. It's median right now. As of 2025. So, meaning you got to watch if the chart of, like, problem where--if I'm saying problem is a chart going up like this, you started here where it was going up already, heavily, post-financial crisis. And then you watched the fucking giant wall form where it goes up like an L. And I only wish I knew at the time what happened in 2008. You didn't understand that. No. No. To understand the environment we were working in right there of this post could have been seismic crash, could have been flipping of the economy that we instead siphoned money through people like Henry Poulson, who was the secretary of the Treasury at the time under Bush, and of course the Federal Reserve, we congressionally and through the private central bank printed trillions of dollars. Quantitative easing was the way the Fed served it, and that was the first time we'd ever done that. You wouldn't realize, and neither did I, that was invented right then and there. And then we did it again in COVID. And when we did it again in COVID, that's what forced me to go back into the history. It's like why have we resorted back to this? See what back and looked at us. Yes. Would you, to get into the history, like what books did you read, or do you remember where that started? The first one I read was probably the monetary history of the United States, it was a Milton Friedman book. Oh, yeah, yeah, yeah. That opened my eyes to the Federal Reserve, which I was already curious on because I learned it. I real estate happy hour at the Fed. Yeah, it was like in 2022. Yeah. Oh, dude. One of the funnest environments on the planet, a real estate happy hour, I'm the worst that you know. I'm the worst at those. I'm so bad. You would have happy hour a bed. I don't believe you. No. I don't want to be there. I think you're the unpaid entertainer. I don't want to be. Oh, because everyone there wants something, right, you know, everyone wants something. Everyone's got like commission breath. And I hate it. I hate it. I hate it. But so I would get there and I would just kind of find my own, because I'm a team leader at the time. So I like to show these some of these big, big swing and big. No, just he was there. I remember he was there. He didn't do anything memorable, but he was there. Okay. Hey guys, if you haven't already subscribed, please hit that subscribe button. It's a huge, huge help. Thank you. I just found like the biggest little social circle fit myself into it and they were talking about rates at the time. That was controversial. You talk about the Fed. So I'm saying, oh, yeah, the Federal Reserve's not a, uh, not a government entity. And I was sitting there thinking, I was like, yeah, it is. It's got the word Federal right in it. And then I looked it up and I was like, oh, it's not. And about a month of research led me in like, yeah, let me, let me get a book or two. Can you explain that to people like why that is and what, what you mean when you say it's not? Because like you said, it's in the name. Good marketing, by the way. Yeah. The word Federal and Reserve, but the fact of the matter, it's a private entity that doesn't force any reserves. So it's, it's a terribly named entity. It's it's just I don't know if we can look it up something though what we'd look up But in March 2020 because of COVID do you know what the result? Okay, so quick quiz Before COVID Do you want to guess how much the federal reserve required banks to hold like what's the reserve it was called the reserve requirement Oh, I had to learn this back in the day. Yeah, there's so basically each bank that orchestrates in the in the financial institution that is our central banking They have to hold a certain amount with the federal reserve. Yeah, just to basically make sure we have a safety net of liquidity It's it's like forcing them to have skin in the game. Yes. Yes. I don't remember what the amount what the amount was for the life of me 5% 5% 5% COVID 5% of what for people 5% of total assets under their management now. It's my understanding like the actual like capital cash So if I have a billion dollars sitting in my bank like as the actual bank. Yes, physical money 50 million dollars Yes, got it. Okay As of March 2020 was reduced to zero zero. Yeah, a nice safe number Oh, well, you know what listen listen at the end of the day when you have a fire sale You just got to everything who's got to go right? You got a garage sale last week. Hell yeah, everything's got to go clear the spot How right? Listen, this is like six months after the late great J. E. Died, you know, so yeah, let it all just like the Joker He just wants to see the world burns fucking make it zero. Let's do it. Everything burns. So there's it's not federal Doesn't all reserves and it started in 1910 over 1907 bank panic after J. P. Morgan bail out the entire country Led to a bunch of billionaires meeting on an eye or millionaires at the time meeting in an island for 10 days Jekyll Island. Oh, yeah, 1913 1910 actually and Nelson Aldrich a senator at the time was the one who took down all the notes This was a meeting. Yeah, super nice. Super nice of a senator to take down all the notes and then took the notes and said to Congress This is my plan and presented it as it was called. That's what you have to do. He does and he made sure of it too because you know what he called it Called it the Nelson Aldrich plan Very sure that he got credit for this human nature never changes including the people who are aspiring to political office Yes, sir, dude. Someone else's work. They credit for it. Amen And then when he officially presented it, I believe in 1912. They launched a committee called the Pooho Committee to base Pooho P. U. J. Oh and the Pooho Committee was launched to investigate whether all these bank leaders were operating in a money trust and Whether or not all of these things that were being passed and all these bank leaders that were seemingly bailing in our country at a whims notice Was there something operating behind the scene? Do they own too much and they found that about If someone like 26% of the nation's assets were held with it about four different corporations say the term it was for those corporations It was JP Morgan Carnegie, right one of them is standard oil Vanderbilt I Don't know we should look that up. Yeah, it's looking up. We should look up. JP. Yeah, the ones because the Pooho Committee has a full So, Dave who were the four four corpse and concentration statistics. Yeah, just who those four corpse are right there And it was 26% that 28% sorry. Yeah, the Pooho Committee. I believe it was 180 individual people and then four corporations that they found that about a quarter of the nation's wealth Was was held with that's healthy. That's that's what you want the foundation of a country. It's a lot like what's going on today? So yeah, that's super healthy. What's going on today? I think it's proof that it's always been this way quietly But yeah, so 42% 0.9% of America's total banking resources held by its 20 largest banks furthermore It found that a hundred eighty individuals covering 341 directorships and 112 corporate eight corporations possessed 22.245 billion dollars in aggregate resources the capitalization finally concluded a system known as banking ethics restricted competition among banks and firms so JP Chase These men the resources is seven banks right there. I trust companies Astor trust company. I think that guy was killed in the Titanic Right national banking commerce liberty national bank chase national bank farmers loan and trust company control the estimated 2.1 billion And it says led by JP Morgan George F Baker and James Stilman right the whole point of this though And you'll see the one name in here that actually if you wanted to Stretch a nice bit of you aren't Samuel on to Meyer and the Rothschilds aren't far apart because he's Samuel on to Meyer to my understanding was a close relationship with Logan co and Logan co back then was Rothschild that was the Rothschild arm Between well, how is it there arm like what it what did they do? Logan co. I'm not gonna act like I know specifics on what they do actually we should look up specifics on what they do Why we're here when I'm wrong you know? All right, Logan co Yeah, like I said, you got us you got us. It's it's a lobed L-O-E-B I'm gonna yell at Google AI that would have been more fun. All right, so LF Roth Yeah, it's a it's a long piece of yarn from this to let's see the connection between Logan Rothschild They typically mean one of two distinct historic American investment banks that were formed by overlapping groups or partnerships LF Rothschild and co and Coon Loeb and co which by the way quick tangent before we just Your fucking Rothschild social media video is one of greatest fucking things Talking to yourself in your car for ten minutes like a schizophrenic. Yes. Yeah, I need someone to take like a man on the street video of you Making that video like in the background like when they when they take a picture like a tick-tock or doing Not to ever happen if it happens. I'm gonna do it. LF the Rothschild and co founded in 1899 by Louis F. Rothschild This brokerage firm originally when Rothschild went into business with Leonard Hockstater who had previously worked at the firm Here it is Albert Loeb and co despite the prominent name Louis F. Rothschild had no familial ties to European Rothschild dynasty That's interesting LF I've heard LF Roth Coon Loeb and co founded in 67 by Abraham Coon and Solomon Loeb the firm became one of Wall Street's most powerful Investment banks in the 19th and early of 20th century the European Rothschild family frequently shared financial power Co underwrote massive here it is massive railroad expansions and worked closely with Coon Loeb and co's prominent leader Jacob Schiff So that's it comes in on the back end What's interesting here is there was a documentary series. I think they've expanded upon it with different eras now But back in I want to say 2014 2015 this series came out called the men who built America? Did you ever see that no so it basically covers the industrial revolution guys It's like I want to say it was five episodes one episode was Vanderbilt the next episode was Carnegie Another episode was JP Morgan another one was Ford and then I want to say another one Rockefeller was maybe Edison as no, no Rockefeller was number two Edison would be the one If you had those four to start in the last episode was Edison I would honestly be locked. I'm like, okay, how's this guy? Yeah, I'd Edison came into it. He came into it really JP Morgan That's what it was because what they what it would do is it would overlap all these guys So the episode be on Vanderbilt and then the next episode would be on on Rockefeller But then Vanderbilt would have meetings with Rockefeller because they historically happened and like it would introduce characters and in a way And it was an amazing series It was also like inspirational if you're like a young kid in college like me trying to figure out what to do with his life And you're like wow these guys really figured it all out and then you realized that it was also the greatest capture in one shot of Like one era at the time of wealth that had ever happened to the point that it created Dynasties across what was the top call it three to five major industries that ended up building everything that came in America It's what's called a man who built America and that those types of Corrupt institutions that could have been formed by such a powerful few persists today and I didn't figure that out till later And then I was like fuck see you watch that before having a reality. Oh, yeah, I was in college I was like smoking weed and watching like was cool. It's rockabilly Remember me and my buddy meat would just like watch that when we were hung over is your buddy meat? Yeah meat Yeah, no meats meats the ground beef. Yeah, like like ground beef. So my friends in college. They were all O lineman and D lineman And I won friend Dylan the first day of Camp freshman year saw Dan our buddy and he goes you look like a big piece of fucking meat I don't know it was a huge pause at the time But the reason was meat was about six foot five eleven 285 he squatted 750 pounds with dip in his mouth and a cigarette hanging out the other He was the one that wasn't like all of us. He was like a fucking redneck from Maryland and The most athletic white individual I've ever seen in my fucking life like Did could do like pound for pound the strongest dude? I have ever seen in my life But funny motherfucker, but yeah, we called him meat and to this day. He's just fucking meat. Oh, yeah I should have put more respect on his name. Yeah, actually, there's a there's a dead spin article Deave can you type in Bucknell football team funniest pictures? So summer before senior year he's been playing D line and O line for three years and four weeks before camp They call him up and they say meat. Can you play fullback? We need you to drop go down from 285 to 260 in three weeks He does it and then if we go there is Daniel McManus So it was like he was a six foot 260 found pound fullback, the greatest fullback I've ever seen in my life, by the way. And the comments on this shit were just like a six foot, 260 pound fullback. What the fuck are they giving these kids out there? And they ran like a fucking four, six, four, it was insane. What? Dude, after college, he came to live with me up in North Jersey. And we took him into the gym, which was like this powerlifting a boxing gym. And he was way out of shape. He was maybe like three or five at the time. He was, he boxed, jumped 49 inches the first day. And the fucking guy runs the gym, dude, it's he's not human. I've never seen like watching big individuals act mad athletic is the most impressive thing. It's unbelievable. And he would get like, he's the kind of guy that would come in and just like fucking, you know, clean weight that you shouldn't be doing right away. Like out of form and just throw it down and like look at people and yell at him. Like he's one of those. Hell yeah. He's one of those. Hell yeah. Hell yeah. But yeah, so we were sitting there way, we would watch this. This would be like our, our hangover watch on like Saturday morning before we'd like take like inwarded amount of pre workout to go work out and then go out and do it all over again. But we were like, wow, this shit's awesome. These leaders of industry, we could be like them one day. If we work hard enough, we could be like them one day. And now he's building like off the reservation, like self-sufficient house. Yeah, that's what it's about. See, if we all got there, start doing a little friend communities, start to garden them with each other. This person does the contracting. That's right. Here's our plumber. I want that. That's right. Almost like they could butt. They kind of figured that out, right? A little bit. A little bit. Yeah, they got that part, right? A little bit. Anyway, how do we get on that tangent with the fucking, with lobe and raw trout? Oh, you talked about that in 1913. 1913. Yeah, because that created the central bank that still orchestrates our monetary policy today. Milton Friedman in that book I mentioned earlier, monetary or history of the United States would say the Federal Reserve was one of the main reasons it's a great depression happened. Now what was his logic there? His logic was, they're put in place to be able to create money when needed as a bank of last resort and a humongous bank in New York. I believe the largest at the time fell and they could have saved it. And they could have saved the multitude of hundreds of banks that fell then afterwards. It was also this thing where it was kind of, and this is another thing it's alluded to in a book called 1929, a really good book that-- Is that Andrew Ross Sorkin? Yes. Yeah. It's a really good book. Can we make a note of that? I want to get Andrew in here. 100%. Really good book. Yeah. Send them my thanks. Yeah. He wrote the too big to fail to-- Yes. 1929. This was a second book, I believe. Or a second big one, because I-- yeah. The Federal Reserve Bank kind of had this little bit of an ego battle with the speculators of Wall Street, too, that they both argue in their books may have just kind of misguided them a bit. And trying to be the boss of the financial world went in reality there to serve the greater populace and make sure that our economy can continue to thrive. And we saw that the speculation inevitably led to the Great Depression, but then that the Federal Reserve could have minimized, or even alleviated, the Great Depression from happening, was Milton Friedman's argument. People will say, Milton in the book doesn't allude to a motive. To my understanding-- or at least I didn't glean one when I read it. Maybe people will have their takes of like, he leaned one word the next. I didn't glean a motive that he would pull out of it, because some people will read it and take away like, oh, he said that they absolutely allowed it. I read it as they saw it and kind of just didn't do anything, they didn't take action when they should have taken action. And maybe it was a hindsight thing that they didn't take that action. Maybe it's because this was the first big economic crisis that the Federal Reserve would face. You know, this is the first time we've had a stock market bubble in our country. There was a lot of firsts going on. So little bit of seed of doubt, but I think it was 2003, 2002 or 2003, Ben Bernacchi is giving a speech would go on to be the central bank federal chairman during the global financial crisis. Yeah, serve with Kevin Worsh, our current guy. He would speak at Milton Friedman's, I think it was his 95th birthday, just real old. And at the end of his speech, in fact, we could probably pull it up so I don't misquote it. Ooh, yeah, we have this speech on video. It's not on video, but we have the full transcript. Ben Bernacchi, yep. Look up Ben Bernacchi's speech, Milton Friedman birthday, he said he'll get it. But at the end of his speech, what's he allude into? He alludes or he doesn't even allude to and he says, in Milton and to you, regarding the great depression, you're right, we did it. We're very sorry, but thanks to you, we won't do it again. Can I devil? Please? Please. I love it. Because I don't have the context here. Yeah, I want to believe that. That's the end of the full speech and on the Federal Reserve website, you can pull that link up right there. I want to believe he fully said that because he said the middle of a lot of shit. What I'm wondering is if this is like a birthday speech and he's like saying it is a joke. To me, it was 90th birthday. Yeah, it's all the way that I like giving any of these people the benefit of this point. That's the full speech, yep. And then the conclusion, I think it's the second paragraph in conclusion. Okay, for practical central bankers, among which I now count myself, Friedman and Schwartz's analysis leaves many lessons, all right, so he's being serious. What I take from their work is that the monetary force is particularly if unleashed and destabilizing direction can be extremely powerful. The best thing that central bankers can do for the world is to avoid such crises by providing the economy with, in Milton Friedman's word, stable monetary background. For example, as reflected in low and stable inflation, let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna, regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again, best wishes for the next 90 years. So that could be like telling a joke at the end that's wrapped in a truth, and he's like, you know, we did do it, or it could be he's like, I can see that being funny, like to be there. XCBO joke. The interesting thing about Ben Bernanke, though, I really, it's, now I'm going to be doing a deep dive on him again. I did this years ago, but he actually, a big part of his career was he studied the shit out of the Great Depression, and like, how all that thing happened. And then ironically, he was at the helm when everything went down. But you wonder if that's like a little wink, wink wrapped in truth there, or he could be, you know, the, I guess we'll never know. We'll never know. The conspiracies go wild for 2008, because it was seemingly something that was avoidable. We ripped out Glass-Steagall in 1999 that was keeping banks from being whatever the hell they wanted. Glass-Steagall instituted in 1933 in the Great New Deal, allowed banks to give mortgages, do insurance, be an investment, do it all. And then there was a margin rule changed by the SEC in 2004 that allowed these big banks to now invest with a larger amount of margin. Yeah, I think what, if I'm, it's been a while, I think with the Glass-Steagall, what it opened up the door for was being able to proprietary, do proprietary trading with bank assets that they previously wouldn't have been able to, which they then did at margin across assets, they held to go spend- And they got riskier and riskier and riskier, yeah. And then I think you're right, it expanded beyond that with a couple of the other ones. But when you look at Clinton's presidency, the two, two of the biggest mistakes he made were the '94 crime bill, which was a bipartisan thing as well as a mistake the whole government made. And Glass-Steagall is the other big one, because that opened the door for what became the financial crisis for sure. Now, I thought you were going to say NAFTA as the second biggest one. Why the crime bill? You know? Not familiar with that one. NAFTA. Because NAFTA, for those not, that's the Northern American Free Trade Agreement. That's right. Allow jobs to go to Mexico, Canada. That's right. Predominantly, Mexico. Which I think on the surface certainly has some disaster written on it. I'm not the guy to make the commentary on that. There's probably people in the comments sections who are a well more qualified to do that. Some were going to bring up like the AT&T Communications Bill 2, that was '95. That was like- It was more a bill that allowed for monopolistic tendencies. We can look it up and read the specifics. I know Tiffany Cianci will quote the AT&T Communications Bill all the time. AT&T Communications Bill. It should have been '95, remember that one correctly. We got it. So the Telecommunications Act of 1995 was a sweeping legislative effort that set the stage for modern telecommunications while introduced and heavily debated throughout it in 1995, but ultimately passed and was signed into law in 1996. So the core goals of the bill, the primary objective of the legislation, was to foster competition, reduce government regulation key elements, included, let's go to them. Market integration, allowing long-distance carriers like AT&T, local phone companies, and cable operators to compete in each other's markets, deregulation, removing federal controls on cable TV pricing. To my understanding, the reason that this was controversial is because AT&T figured out if they could break themselves into three different companies, but still manage those three companies that they'll bypass the law. It's my understanding of it. Yeah, if you're looking around September 21st, 1995, AT&T announced it would voluntarily break itself into three independent companies, communications, such wireless, equipment, manufacturing, and computers. They say we investigated ourselves and here's what we're going to do. - Thank you guys for checking out this clip. If you haven't already subscribed, please subscribe and hit the like button on this video. It is a huge, huge help. And if you'd like to check out this clip's full podcast episode, that link is in the description below, or right here. And finally, you can follow me on Instagram and X by using the links in my description below. (upbeat music)