SCOTUS Birthright Citizenship Ruling, Trump's Crypto Payday, AI Fails at Ford | PBD Podcast #826
2h 7m 38s
The transcript analyzes key developments in U.S. politics and judiciary, focusing on the Supreme Court's recent birthright citizenship ruling and its broader implications. It highlights a consistent pattern where liberal justices, including Sotomayor, Kagan, and Jackson, consistently side with progressive policies, even when it contradicts the founding principles of the Constitution. This undermines judicial independence and suggests a move toward "legislation from the bench." The birthright citizenship decision is framed as a national security risk, enabling Chinese birth tourism and long-term ideological infiltration. The speaker argues that conservative justices have consistently defended constitutional limits, while democratic blocs show ideological loyalty over policy rationality. On the Second Amendment, concerns grow over future restrictions that could erode gun rights, especially in liberal-leaning states. Meanwhile, wealth trends show a surge in millionaires from passive investments, not entrepreneurship, raising questions about economic health. The president’s reported crypto profits from meme coins are criticized as a conflict of interest and a source of political ammunition. Ultimately, the narrative warns that a shift in Supreme Court control could lead to a system where judicial decisions reflect party ideology, not constitutional principles, threatening democratic stability and individual freedoms. This long-term risk is presented as a critical issue for future generations.
so we got a lot of stories to go through today but i want to start off with one
right off the bat and this is the ruling that they had with supreme court yesterday for birthright
citizenship and i want to share a pattern with you and you tell me if you're concerned about
this or not so if we look at this these stories that we have yesterday with the birthright
citizenship where the president comes out and tweets and says congratulations to china this
was a very big victory for china and a lot of people are like well that's not funny that's not
this but maybe it is let's look at this even bigger than that because
there's a lot of things that went his way there's a lot of things that he won but the
democrats thought automatically when he got neil gorsuch appointed on april 10 2017 that this was
it then when he got brett kavanaugh on october 6 2018 oh my god then we got amy coney barrett's
like oh they're gonna rule everything in his favor a hundred percent of the time they're gonna rule in
his favor it's gonna be like a just a stamp rubber stamp just go ahead he's gonna get everything that
and i'm gonna show you a pattern and you tell me whose track record of being able to reason and say
i don't know i don't know and who is nope no matter what i'm citing this way so if we go from
the beginning till today remember when amy coney barrett was sworn in she got in a month later
they were trying to get the texas lawsuit challenge in the 2020 election do you know all three trump
decrees declined to block or overturn the certified election he gave them the jobs
they voted against them they're like nope we're not doing this all right i guess this uh you know
court packing stuff doesn't work then when you go look at the couple different things that just
happened recently the losses the birthright citizenship six three look at the patterns
all three leftists ruled against them now keep in mind when we look at the conservatives that we have
in supreme court what names do we have of those that are in the supreme court that are conservative
conservatives tom can you give all the names so we have roberts correct we have uh clarence thomas
clarence thomas coney barrett kavanaugh gorsuch gorsuch and you look at the left katonji jackson
kagan and we have sotomayor right and alito don't forget yeah alito alito and so watch this pattern
trump versus barbara critical loss okay democrats voted against it no problem three zero let's see
if they have the ability to reason policy and institutional wins little versus cox this is
in west hecox and west virginia six three decision affirming that states have full
constitutional authority to restrict schools and colleges sports teams based strictly on
biological sex this is men not competing with women's sports you would assume everybody voted
and said yeah this is common sense nope the three democrats all voted with the democratic position
let me keep going wilford against lopez six three uh decision striking down hawaii's vampire rule
ban concealed carry permit holders from entering private businesses without an explicit posted
invitation all three democrats against it nrsc against fec six three decision striking down
federal limits on how much national political parties can spend in direct coordination with
their candidates six three this one we may not even be ford i don't even know if that's a good
idea because it's i want money out of politics this brings more money into politics right that's
bad for small independent candidates it is it is so blanche versus lau another six three democrats
against it then you go eugene carroll all three democrats voted he lost i think he has to pay like
five million dollars federal reserve independence five four all democrats against the election
logistics all democrat again if you look at one pattern this is what you'll notice you will notice
there has never ever been a time where democrats sided with trump but there's been many many
instances where conservative judges sided with democrats
so what does this mean i mean this is like for a lot of people would even say trump had a pretty
good record with the supreme court a lot of things got done row you know the whole dobs
would row v wade and that was a big thing that he got done affirmative action that was a big thing
that he got done so hey the executive power got a lot stronger but that's not what i want to what
i want you know what i want to talk about with this it's long term what happens if this is six
three the other way around that's all i want you to think about because it's going to happen
it's going to happen in the next five ten fifteen twenty years when that day comes
what will take place because they vote for them every time there is no dispute there is no debate
conservatives will debate conservatives will say no i think trump's going a little bit too much
conservatives will say no i think that's too aggressive democrats are going to be like
nope i'm siding with my party every single time over what's actually good
and right for the country if we go back six years ago if the ruling was the other way around if
democrats had controlled the supreme court six three you know what would have happened with
colorado trump would have been able to vote that would have been off the ballot he would have been
on the 2020 2024 whatever the colorado ballot was the first one that came out saying there would
have been this would have been a very very different america you'd be living in today
i don't even know if many of us would be able to do the podcast and talk about the things that we
talk about
control would be on a complete different side many of these social media companies would be worried
about the control so even though on the executive side there's been some good that's happened to the
president i think it's important to always keep in the back of your mind brace for impact for the
day where democrats have control over this whole thing on the supreme court side because they don't
they don't have the ability to reason they're always party party party party voting all the
way down on whatever the democrat party wants that's what they side with and at twenty nine
year old socialist also won yesterday over another person that was on their fifteen term another
democratic socialist won yesterday so keep in mind the socialism message is getting some traction in
many different markets but with that being said let's go with some good news the good news is
lebron is leaving the lakers that's very good news future looks bright finally the day i find that
he's on another team you're going to see me do that podcast in a laker jersey because true laker
fans never looked at lebron as a laker you know that you
know that you know that true laker fans you know that magic's a true laker james worthy's a true
laker kobe's a true laker lebron's not lebron is like let me just go get something and come over
here and you know so we'll see where he's going to end up we'll talk about that we'll talk about
citizen vigilante that movie it's a bunch of people are around the world choosing to become
like this citizen vigilante and you know elon watched the movie he hates it he doesn't like
the movie so i want to know why he hates the movie he's got a problem with the movie the
producer ubi ball said something i want to share with you there's a story about ar-15s which supreme
court wants to review ar-15 firearm bans uh the crypto the president apparently the the numbers
came up and it showed that he made around a billion dollars on crypto last year something
we got to talk about uh there's a story by forbes that says why do you keep getting rejected from
jobs it's worth us talking about we'll talk about it today today is july 1st which is what
today's bobby bonilla day and for some of you guys i want to count his money
it's 1.19 million dollars that started in 2010 i believe or 2011 this is his 15th year
he's got 10 more years of getting paid 1.19 million dollars one of the greatest annuities
ever of a guy that negotiated good for bobby bonilla uh and then aside from that mexico
world cup shambled it was craziness ecuador played so lousy i got a friend from quito i'm like what
was that all about the way you guys played yesterday but shout out to mexico and what
they did calci got a 20 million dollar deal with the world cup and uh if you think 20 million that's
by the way nothing that's a steal for calci that they're up there and they're talking about right
now going public and i don't i saw a number of 40 billion dollars potentially for calci there's a
rumor out there that they're uh have a 40 billion dollar valuation not a bad valuation not a bad
valuation no uh no confirmation there's but that's a big number it's not bad by the way there was a
10 million dollar deal with the world cup in 1997 i believe 1997 that shows the final not finals it's
a game between portugal and mexico that's that's what simpson says now elon says they're full of
shit but that's a that's a that's a complete different story we'll get into 1200 new millionaires
every day last year 2025 according to wall street journal then you have mckenzie scott
gave 26 billion dollars of jeff bezos's money to charities last year and which means
who is really more charitable mckenzie or jeff bezos and the number the dollar some places that
went to tom was worried and saying why is she putting 100 plus million dollars into csun
it's a state school tom is talking about so and tom went to csun tom got his degree from csun so
he wants to know where's that money maybe he wants to no longer give money to say if you guys are
getting money from mckenzie why are we supporting different things but the state is taking care of
it anyway yeah then knock off the email with your handout and then ford is rehiring
In Jesus' name, amen.
engineers that they fired. They're like, look, we were hoping AI can do all your jobs,
but we need human beings. Can you please come back? And so that's a great story. San Francisco,
apparently if you make $180,000 a year as an engineer, that's still not enough. We'll talk
about that. And then we got a couple of stories here of Roy Singham that has to do with Kevin
O'Leary and AI data centers. So we got a lot of stuff to go through here. Having said that,
today's last day, today at 6 p.m., July 1st, 6 p.m. today, we are hosting the fatherhood
webinar on how to raise strong kids in a bad society, in a weak culture. If you haven't yet
registered, this is your last chance. Go to vtwebinar.com, register again, vtwebinar.com.
We'll cover six different types of fathers, 20 rules for strong fathers on how to raise kids,
and last but not least, 10 conversations every father should have with his kids. If you haven't
registered, go to vtwebinar.com again, vtwebinar.com. All right, let's get right into it.
Supreme Court ruling. Tom, your thoughts with the Supreme Court ruling
on what they're doing all over the place, the announcement that was made yesterday,
birthright citizenship. Well, birthright citizenship, I think, is just wrongheaded,
absolutely wrongheaded. There are two things that the Supreme Court has done in the last 15 years
that have really kind of made me boil. And one of them was the Roberts decision, Citizens United,
changed the way you could fund elections, opening the floodgates and make, you know,
independent candidates just have incredible headwinds unless you've got the backing of a PAC
or the RNC, DNC. And I don't think that's the spirit of our elections. And so now we had an
election decision yesterday and then birthright, which means that, you know, a Chinese spy can just,
you know, come on up in the Honolulu, child, you know, and then we've got, we have a future citizen
sitting there. And we've got a future citizen sitting there. And we've got a future citizen sitting
and waiting. And by the way, they take them home. They take them home and they indoctrinate them into
their ways. And now they're, they're able to come here at college or whatever. And I look at this
and I'm like, wait a minute. This isn't what the founding fathers meant by this. This is, this is
not, this is not the deal. This is now a loophole. And sometimes you have to look at the Constitution
and say there's a loophole. So this upset me. And then I'll give you my headline. My headline is
this. For all of you that are wondering, why can Tangi
Jackson, Sotomayor, and Kagan, why do they go the way they are? Because the Supreme Court's job
is to interpret the Constitution and to end debate. And up above the Supreme Court, it says
there is no appeal except to God. I believe that's etched up at the headstone, the limestone there of
the Supreme Court, which means the argument stops here. We're finishing it now. But if the Dems
don't believe in our Constitution, they don't want our Constitution. They don't want to
have our Constitution. Then they are merely doing what's called legislation from the bench. So for
anyone that's confused why the Dems do this, it's because they're legislating from the bench. They
are not interpreting the Constitution and saying, wait a minute. Here's the, here's the argument
for and against. How do we interpret this to the Constitution? And that's what the Supreme Court
was to do, to write opinions that said interpreting the Constitution and this precedent and this
precedent is that we feel this way. No, they are increa-- and this is why you hear Democrats in Senate and
Congress. Why can't we just stack the Supreme Court? Because they just see it as a rubber stamp on what
they want. And they don't want what's in our Constitution.
Yeah. And by the way, if you go back to that one New York Post story about China and what they were
charging, I don't know if you have that or not, if you want to pull it up. So it was interesting. Not this one.
The one I sent you about China, what they were doing for a million and a half, you know, guys, Chinese
millionaires and billionaires. I sent it to you guys in a group text. That one right there. How China supercharged birth tourism and scammed
American citizenship for up to one and a half million babies. So this is a business model. They were literally paying
surrogates $100,000 to $200,000, saying, have a kid there. We'll bring-- so now as a U.S. citizen, bring him back to China,
indoctrinate him, then send him back to U.S. And who knows, in 40, 50 years, maybe they can get involved in politics and change policy.
America, we think short term. We think 5, 10, 20 years. China, they think 40, 50, 60 years. They think long term on what changes they can make. So what was your position with what happened yesterday?
So, number one, I think the 14th Amendment, we have to look at it, it was amended for slavery. It wasn't amended for this idea of mass immigration that could be abused.
I also think it's important to note that the conservative justices have shown that they will put limit on executive power where they can, but that doesn't mean that they believe that Congress can't legislate against this kind of thing.
So that's a hopeful avenue to make a difference. That's-- I think, by the way, if we just look back, it's so ironic to look at how the left responded
to the nomination of Kavanaugh, the mass protests, the violence and everything, calling to pack the courts and the great hypocrisy there as they were projecting, because if they got their way, and they had a democratic justice, they know that they would get everything they want.
So they just projected that that's what's going to happen on the right. And it didn't turn out that way, but there has to be some limitation on this. It's such an abuse to our system.
So, Snyder.
Yeah, I mean, the Chinese story, when Trump made that tweet that, you know, congratulations, China, he was making a point here.
That it's not really birth-- I mean, it's literally the Manchurian candidate, or the potential for Manchurian candidate, as a start, but not just to, you know, run Chinese CCP-bred candidates through the U.S. system, it's also voters, because all those citizens that are all that are living in China, going through Chinese schools, being taught by the CCP, can come back at their leisure to the United States and maybe go to a red state that is 49-51 voting, and suddenly an influx of Chinese immigration, they're really just U.S. voters,
because they're citizens, suddenly the entire demographic of the voting public changes, and suddenly it's a completely different story.
So this is-- he's really got something important here, and to Tom's point, it's about, yes, the conservative-- I hate that the fact there's a conservative and liberal bloc, because there really shouldn't be, but the conservative bloc is saying, look, we don't necessarily disagree with the policy, we disagree with the methodology to fix it.
But there are times when this is broken, as you said, there's loopholes in the Constitution, or loopholes in the laws, that maybe we need to look past all that, and realize, as you said, this is not applicable to the circumstances that we have, and we maybe need to take a more pragmatic approach.
Well, let me ask you, here's a question for you, does China have birthright citizenship?
I don't believe so.
Not at all.
No, they're very tight. European countries do have it.
Outside of European countries--
Very few, very few.
Which one of our enemies has birthright citizenship?
They don't.
So why are we offering that to them?
In an exchange, because to me, a part of this negotiation-- imagine you're in the room, and you're amongst the seven Supreme Court justices, and you're having a conversation.
And you say, why doesn't China do this?
Mm-hmm.
What countries don't allow it?
I want to know which ones don't allow it, not allow it.
Is this the one that don't allow it, or allow it?
No, it automatically--
That's with--
Nearly everyone?
Who doesn't allow it?
Who doesn't allow birthright citizenship?
First statement, vast majority.
Vast majority don't allow.
OK, UK, France, Germany, Italy, Spain, Portugal, Netherlands, Belgium, Switzerland, Norway, Sweden, Denmark, Poland, Czech, Australia don't allow.
Most of the countries in Asia.
Japan, China, South Korea, India, Singapore, Malaysia, Indonesia, Thailand, Vietnam.
Go lower.
Israel, Saudi Arabia, UAE.
Qatar, Kuwait.
Then you got Nigeria, South Africa, Egypt, Kenya, Morocco.
Then you got Australia, New Zealand.
Keep going a little bit lower.
That don't allow birthright citizenship.
Pat, those are only partial lists, too.
The full list is much bigger.
Also, there is an argument that the Supreme Court could have taken that does justify us not giving citizenship, which is like jurisdiction thereof.
In other words, the ability to have citizenship is based on allegiance.
It is not just based on being born.
There is a jurisdiction issue.
So if you can say that these people do not have an allegiance to the United States, that they don't have a right to be citizens here just because they're born here.
Wasn't that the argument that Contagi Brown was making or Jackson was making?
If you get arrested in Japan, where's my allegiance?
That whole thing.
I mean.
Yeah, I remember that.
That was like six weeks ago.
Yeah.
I saw that.
Yeah.
So, Brandon, where are you at with this?
Oh, no, it's horrible.
I mean, we just had the mayor in California that was found to be a Chinese spy.
So, I mean, stuff like that's right in our faces.
Is that Glendora?
Uh-huh.
Yeah.
So, I mean, who knows what level that could be happening at?
And I really don't like the amount of power the Supreme Court has in courts in general lately.
You know, they've been getting in the way of a lot of what Trump is doing.
And it's just like Congress, how you said, where the Republicans always end up getting divided and the Democrats are always in use no matter how crazy it is.
So, like, imagine the full extent of what the Supreme Court could do if, you know, things – because I always said it was a godsend that Trump was able to somehow be in a position where he could get three Supreme Court judges.
So, that was totally lucky.
You know, thank God that he did because it saved a few things.
Like, he'd probably be in jail if that didn't happen.
Yeah.
And also, he wouldn't have even gotten on the ballot.
But, like, imagine if that went the other way, like, with how united they are, how much they could push through, you know, seamlessly.
Oh, you're right.
Yeah, absolutely.
Again, Russia, China, Iran, Turkey, most of Europe, no birthright citizenship.
So, why are we doing it?
Why are we giving it to you?
Because a lot of people hate our country.
So, what if they said the following?
What if – like, a part of it where I would have reasoned.
So, say now the opposing side comes and says, Pat, what if we allow it with countries that allow birthright citizenship for us?
Maybe there's a little bit of reason there because it is benefiting who?
Not us.
them so if you're not allowing me why should i allow you that that's not a that's just not a
fair negotiation at with anybody it's an adversary like it's an ad yeah why am i letting you do it
but you're like listen you guys can't have your products in our country i don't know if you guys
saw what happened with auto sales from 24 to 25 u.s automakers in u.s from 2024 to 2025 we had 12
percent of market share in china in 2024 it's at five percent right so we went from 12 percent to
five percent so what is china doing china's like get all these the american cars out of here make
them yourself get all these social media companies make them ourselves get all these products out
make them ourselves yet at the same time all our products are being manufactured there because
they got the control so china's long-term thinking they're like these people are idiots
we can send hundreds of thousands of people invest send them there bring them to china
indoctrinate them send them back there to get into politics we're going to take over u.s
over the next 30 40 50 60 years they have no clue what the hell they're doing there is why wouldn't
you do that there is a loophole for them big way it's so interesting because it's a flaw in free
societies that fundamentally if you have a fascist society that can just overlook any of its rights
and say this benefits us for the long term we'll just do it but we do have a constitution so we
always have to revert back to that because anytime you bypass it just based on what you believe the
interests of the time are you have a slow road to fascism it's a really tricky thing because
in the end of the day i've thought about this like if you just look at population if you have
a bunch of immigration happening and you have the population of let's say theoretically muslims in
the united states going up that is fundamentally changing the face of the united states at what
point do you say we have to stop this we have to change it and so we're seeing that now with abuse
through you know chinese people being born here so it's a really really interesting conversation
can you go to it on what her argument was if i steal someone's wallet in japan the japanese
authorities can arrest me and prosecute me i'm still locally owning owing allegiance in that
sense that's not allegiance that's that's legal jurisdiction yeah that is such you're not you are
you're the opposite of allegiance you went over there to commit a crime in japan showing no
allegiance to the local laws yeah and they bunk you on the head and put you in jail but but but
but the one part that we have to pay close attention to is when i went to brazil and we
went to brazil and we went to brazil and we went to brazil and we went to brazil and we went to brazil
the interview is in the third hour at this point he's emotional he's crying guy comes in
taps on his back and he's getting irritated because he's in the middle of the story says no
we got to go you're about to get arrested to the end of the interview i'm like and then they come
whisper to me hey he has to go they just announced he's getting arrested so what are you talking
about because of this guy here why because they have control of the supreme court they have to pay
very close attention to what's going to be happening when they have control of the supreme
control it's going to happen when they do they are way more united than our guys are way more
united on their ideology well it's a fundamental principle of the left right it's the ends always
justify the means and so they start from the ends and work backward and what are the means to achieve
that goal that's why they're so in favor of packing the supreme court let me get to the next
one here now watch this one here supreme court to review ar-15 firearms okay what are you talking
about on tuesday said it will decide later later this year whether
state bans on the position of ar-15 firearms and similar semi-automatic style uh style guns
violate the second amendment 10 states plus dc banned the weapons which has been used in many
of the deadliest mass shootings in the u.s history including again this is a abc story
including sandy hook elementary and newton newtown connecticut in 2012 in uvalde texas so
what's your concern with this one here elon i'm a big second amendment guy i think the data just
doesn't support bans of ar-15s it didn't reduce the number of guns that are being used in the
states where it was applied the vast majority of homicide is coming from handguns just off the bat
in the conversation of handguns the vast majority of that is coming from a legally obtained firearm
illegally illegally obtained over 80 percent of the homicides are from illegally obtained and
that's where the focus should be because that's not a partisan issue that's something everyone
can agree on let's get illegal guns off the street additionally firearms are a major reducer of crime
in virtually all studies there's multiple studies that show anywhere from 1.6 to 2.5 million
incidents are prevented because of the expectation or potential that the victim may have a firearm
and when there's studies done where they question people in prisons what's the number one deterrent
for you and they always say that my victim might be armed so i don't know we're going about this
completely the wrong way i very fear that there's going to be steps on the second amendment that are
kind of especially as you talk about as the courts become more left-leaning over time that could
really be uh enjoy your ar-15 because the moment these guys take control on the left you'll see
if they're concerned as guns why is it that idaho that has 60 plus percent license to carry has the
lowest crime in all of america why is that it's because it's the deterrent and the statistics show
time and again idaho ranks 50 out of 50 dead last in atm and armed robbery muggings why is that
because they have a constitutional carry means if you're a citizen of good standing you're not a
for like reckless driving and dwi you have to you have to step back from your carry right
but they it's constitutional carry and so there's a 62 chance that you're robbing someone and they're
going to turn around and say i don't think so bang and so and the argument that well more guns means
more crime no it doesn't it is less crime in idaho less crime and so when you go take a look
and look here's the gun homicide rate in city look by city of gun homicide rate it's all left-leaning
states if they go by oh let's look at the states look at the cities 23 out of 27 and so now you have
gun homicide rate and idaho's number four lowest in the nation and so when you have a disciplined
free uh armed by choice citizenry guess what happens to crime crime goes down now i i'm against
automatics i don't think you need an automatic to go out and do deer hunting um but i am a second
amendment person and what they
wanted to do with the ar-15 there were there were um uh ar-15 you know shaped and modeled weapons
that were less powerful than the 30-06 that all take out deer hunting and so the the question is
is it automatic or non-automatic i think that should be the thing and we should be very disciplined
about um you know i i you know where criminals get illegal guns will be things that that 2a advocates
i disagree
with one thing i mean you you you can't have you you can't have trunk sales you you got to have
ways so few of the actual uh guns that are obtained illegally or bought at like loophole
events and and through trunk i agree with you that's always a right hearing i just think there
just needs to be there just to be sensible controls uh and and it's basically do you have
an id you know how did you buy that you know that that's very simple to me you know not deep
background checks that start to be a a hidden database a hidden code
what would happen in chicago if they you know if they made it available for people to have
license to carry what would happen in chicago within 12 months springfield illinois passes
constitutional carry meaning just what i said for idaho citizens in good standing can can pack it
do you know what happened in chicago what would happen you would in the the gangs would still be
after the gangs but perimeter crime would drop this episode is brought to you by indeed you're
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jeff virginia what happened in virginia after the election led
last year one of the first things that the new governor did spanberger it went after guns i mean
that's what they're going to do um it is no matter what happens no matter what studies you cite or
evidence or just freaking common sense the left hates of armed population this is not strictly
about crime is it we know it's not about crime there's a political angle to it they've always
been against the second amendment for a whole bunch of reasons and so you make that argument
and sensible people will agree with you guys but that's not what that's not where they're coming
from
yeah they're this always have emotional appeals also oh it's like you don't care about the dying
the children it's always about the children and i'm like i fundamentally believe this will result
in less dying kids that's my argument well that's the other thing though they don't there's also not
enough data and evidence that supports the good guy with a gun specifically because they don't
track those kinds of stats on purpose right you can't say well the good guy with a gun prevented
this crime because we don't know if that's actually the case even though common sense dictates that it
is and in places
where people are armed you have less crime because you don't even need to own a gun if if if a criminal
like you said if a criminal is a is afraid that everybody is armed in that population you have
sort of like herd immunity right the preponderance of deterrent protects the entire populace but it's
not just about crime though it's about the government like i don't trust our government
one bit to not overstep our rights when the wrong person's in power and that's the reason that we're
the only country in the world with free speech because the same way that people won't randomly
go rob houses in idaho because they know somebody like half the cop half the time they're going to
half the population has guns.
government won't overstep our boundaries because they know that we're well armed like i i literally
think that we should have the same level of weapons available to us that the military has
like to some degree like aside from maybe nuclear nuclear weapons obviously but um yeah it's not
an accident that we're the only country in the world that has um you know the right to bear arms
and the right to have free speech completely without any asterisks next to it well if this
was a common sense argument about actual data and evidence there would be no no such thing as gun
free zones right yeah yeah which is the most dangerous place right exactly also the very same
people who say that they're not scared of the government and that you should trust are the very
same people who say well they'll look at like reserves where natives are and they'll be like
they have a right to defend themselves they need guns the government oversteps there all the time
i'm like you're making a pro-second amendment argument you've just changed the class of people
or the group of people you you think need defense but the notion that the government will never come
after us a lot of people change their mind on that after covid i think that should well
what's the likelihood you think the next 10 years supreme court if it's a majority left they come
after second amendment i think it's 100 100 because of the first clause everybody talks
about the second clause the right of the people to keep and bear arms should not be infringed
that's the second clause it starts with a comma regulate why does it start with a comma there you
go a it's the second amendment says quote a well-regulated militia being necessary for the
security of a free state
state comma therefore the right of the people to keep and bear arms shall not be infringed
the first point is that the people armed is necessary to deter a dictator returning to
their very government they were worried about an english king coming back that's what the founding
fathers did but that's what the left accuses trump of being a fascist who's a threat to democracy so
so let me ask you when that does happen how the hell they're going to confiscate well that's a
how the hell they're going to confiscate go ahead it's gonna you know what's going to happen it's
going to be the same exact thing as you know getting rid of 15 illegal immigrants that came
here legally go ahead how bad did it look with ice going after them how bad do you think it's
going to look mr ellsworth we're here take your guns what are you gonna tell tougher counterpoint
though you know i lost them what do you mean you lost i don't have them here i don't know where
they're at somebody stole it from me we were robbed did you report it to the cops no i was
afraid they were going to come back and attack me because i got some threats where did you get some
threats random threats random threats random threats random threats random threats random threats
random threats random threats random threats random threats what are you gonna do when they
come and do it's going to be such a interesting battle when they try to come and get how many by
the way how many guns ar-15 semi-auto how many guns are in the hands of the american people i
saw the number hundreds of millions i think about 300 million it may be a bigger number can you pull
up the number i think it's like 170 million i'm about 25 of those 300 you are the thing that sucks
those that's 500 million civilian-owned firearm half a billion
guns it's crazy that's not enough but the lake pgo work said when the government comes for guns
they better bring ladders because we'll all be on the roof with them the difference between that
and the illegal immigrants those this is well documented especially in the liberal states
which that part sucks the people who did it the right way well it's it'll be very easy to see
how many for them to get it done for them but confiscating to me how are they going to do it
go visualize confiscating in texas i'm visualizing i'm visualizing a world hey billy bob we're
here to uh take away your shotgun how about ai law enforcement though it's not an overnight thing
also it's a slow thing on restrictions on certain firearms and then more regulation on the type of
magazines you can have so over time the limitation on guns gets more and more extreme and then by the
end you're like oh i don't know i can own like a then they say oh you don't actually have a right
to self-defense like canada said but look at what happened in virginia after they passed the ban
several prosecutors county prosecutors state prosecutors sheriff said we're not going to
civil disobedience and it will be pretty substantial um which is one reason why they
want to go to the supreme court that'll be i think that'll be a way a lot of states will recruit as
well yeah a lot of way they'll recruit come here come here trust me we're okay we trust you we
believe you you avoid the blue states they don't believe you they don't trust you we trust you if
you want to come here oh look at the headline governor spanberger signs legislation to protect
families kids families and kids it's always about the children the ones we didn't abort give up your
the million we for a year all right let's go to next story next story wall street let's go to next
story wall street journal u.s added 1200 new millionaires a day last year america knows how
to manufacture millionaires over 440 000 people or more than 1200 a day became millionaires in 2020
in uh 2025 accounting for nearly half of the world's new millionaires according to an annual
report and global wealth published tuesday in other words capitalism works this this is good
news they'll spin it as negative but this is good news
the number of millionaires globally rose in 2025 reaching record levels in every market
that ubs tracked more than 23.6 million americans are now worth seven figures or more the fastest
growing segments globally rising at a 7.3 percent clip over the last five years where those with 50
million 200 million in wealth the u.s gains have come thanks in large parts to surging financial
markets while ubs includes property values in its calculation financial assets like stocks bonds
for 79 percent of wealth in the u.s the data also shows that progress hasn't been evenly distributed
while average wealth per u.s adult uh climbed by 10 percent between 2020 and 2025 net of inflation
median wealth fell by 20 percent as a mature market the 1.9 percent growth of u.s millionaires
wasn't the highest eastern european countries topped the chart lithuania added 921 millionaires
at an eight percent growth rate folks let's move to lithuania so tom you hear a story like this how
do you react to this well what they said was 79 of that was related to uh investments so if you
take a look at 401ks they have a lot of etfs and a lot of index in there because your your company
only gives you a few selections and people that have iras last year the um s&p 500 spy that's an
etf 17 point it was actually 18 percent 2024 it was up 24 percent so take a look at this if you had
600 000 in your uh savings you would have had another uh 150 so 750 and then you would have had
825 so the last two years have been incredible and the nasdaq 100 25 up in 24 20 up in 25 so i'm
just quoting the indexes this isn't people throwing darts at the board these are just i
bought the index of nasdaq technology or i bought the index of the s&p 500 and 79 of the millionaires
were coming from this so guess what at a time where people's you know uh iras were up to six
seven hundred thousand dollars two years of that they touched a million dollars and that's where
the millionaire most of the millionaire harvesting was coming additionally in certain states you had
the the house suddenly mom and dad's house jumped up i mean we had in florida here what is it 40
percent trailing value creation since 2021 i believe it is yeah yeah it's been bonkers so guess
what that also counts so guess what it's been bonkers so guess what it's been bonkers so guess
so what has happened here is that people getting ready to retire millionaires were created but they
want to spin it like well it's not evenly distributed it's not evenly this it is if you
were a person that saved and was sensible jeff yeah i'm going to take i think that's that's all
positive but i you know i'm conflicted on this because i think that um we really want to see
from new millionaires not people who are passively invested in the stock market the stock market
systemically rises not that that's a bad thing not that that's
that's that's horrible but a better a better set of conditions would be where we're making
millionaires because they're starting new businesses or their incomes are growing
more than just passive investment because that's a signal of a healthy economy that's
actually generating the sustainable wealth and wealth is not money wealth is not capital
sustainable enterprises that will lead to are supposed to lead into such a situation like that
so millionaires from the stock market not a bad thing um but it's again conflicted on it a little
bit let me tell you i think it's a good thing i think it's a good thing i think it's a good thing
if you're watching this you're not in a market you you're guy asked me a question yesterday on
my neck 31 years old i'm married one kid he said pat i'm really worried because i only have 90 to
100 000 i'm in crypto i'm in this i'm in that what should i be doing he says because that report that
came out from that organization since 1950s that they've been accurate 94.7 percent of the time
they said there's going to be a massive global depression from 2030 to 2036 what do you do
i said worry
if your age starts with six and worry if you're not in the market why for decades people have
tried to time the market and they have failed only a few people if your name is not jim simons
from renaissance technology the late jim simons who used ai to create this company that did so
well that eventually he told all his clients you can no longer have your money uh in uh renaissance
technologies you got to go do it yourself they kicked everybody out and they only kept it for
their 12 1400 employees
by the way the only way you can get into the jim simons portfolio one of the only ones is through
autopilot autopilot is an app that literally they go and find all the ways people invest one of them
is nancy pelosi track around what she puts her money you get to literally put your money into
it if not you can't go directly to jim simons fund and say i want to be in here so there's tools
nowadays that you can take advantage of it but the biggest mistake you'll make is sitting on the
sidelines not participating in the market trying to time yes some people get lucky
Yes, some people say, "Let me tell you what I did.
I got in at the right time. I left at the right time."
time. But most people don't get lucky timing it. Brandon, your thoughts on this? Yeah, I think it's
a little bit misleading because it makes it sound like the country's doing great in terms of the
cost of living and disposable income, but that's not really the case. It's like 10% of the country
owns, I think, 50% of the stocks, or it might be 10% owns 90% of the stocks. But the moral of it
is that the vast majority of stocks are owned by 10% of the country. So a lot of people aren't
investing, which I agree you should. It's the biggest defense against inflation. And I think
a lot of this growth in terms of the number of what they call millionaires, people who own a
house and have a 401k, that's obviously inflated by the cost of living. That's some currency
devaluation. But you've got to defend yourself from the reality that you live in. So the best
way to do that is to own assets like stocks, mostly stocks, not bonds probably these days.
But yeah, I totally agree with you. It's the overwhelming data on that. I think, yeah, I think
when you're not investing, you're literally losing money. And you do have to hedge against inflation.
I do think what you said last week about slow and steady wins the race still holds.
And I don't see it as a bad thing. I mean, we're producing a ton of millionaires compared to world
averages. That's incredible. And you could still have a very good life in America, the notion that
you have to have a mansion and have 15 cars and have a 5000. I think that compared to the rest of
the world, the United States is still the best country in the world, period. It's a land of
opportunity. What you were saying earlier about entrepreneurs, I do think that we're still seeing
that we're just not seeing it at the rate that you'll see people become millionaires through
investments, just because of
a reality of the time it takes to become a millionaire through building a business and
the risks associated with it, the capital you need to do it, you're just never going to see
as many millionaires created through entrepreneurship, as you are going to see
through slow and steady investments. It's a mistake to not have a financial
plan in place. It's a mistake. And it's a mistake when you sit there, you think you have all the
time in the world, you know, this this concept of I'll do it later, you know, I'll get to it,
we'll get to it, babe, we'll get to it, we'll get to it, it's too late.
Insurance. I remember a guy, I'm like, hey,
Jacopo was his name. He was a general manager of El Torito off of Balboa and Ventura. And I used to
go to El Torito because they had the best pumpkin seed dressing for salad, they had the best carne
asada. And my favorite waiter was a guy named Sergio, who was there for 28 years. And a manager
was Jacopo. One of my guys, when I sat down with Jacopo, he had three kids, married, three kids,
wife didn't speak English. She was a stay home mom, taking care of the kids. And we're presenting him that
he needs life insurance. He laughs at us. He laughs at this guy that went there, Tony, he says,
I know what you're doing. You're trying to make me feel uncomfortable. So I buy life insurance. I'm
only 38 years old, nothing's going to happen. He says, really? Yeah. $60 a month, even a term he
didn't want to get. We leave a week later, I come to El Torito, I see Sergio. Sergio, how are you?
Hey, where's Jacopo at? You didn't hear the news? No. What happened? He died last night.
Oh, my God.
Stop it. Yep. He died last night.
So, wife doesn't speak English, three kids. What is she going to do now? She has to marry anybody
to make it work. And taxpayers have to take care of her. These types of things happen. You have to
get your finances in order early. Do not think you have all the time in the world. Me and Vinny,
the other day we're talking, Vinny's telling me, I said, Vinny, where were you? I was at the doctor.
I don't know how many times I went to the doctor in my twenties. In your twenties, how many times
you go to the doctor? Never. Nah, you don't go to the doctor. In your thirties, yeah, I guess I'll do mine. In
your forties, it's like your best friends are doctors. All these other things you have to do.
And then you're like, how the hell did this happen? Like this, you're 47. Like this, you're 57. Like
this, you're 65. Like this, you're 75. Don't wait. Go get a financial plan for you and your family.
And there is no sponsorship here to say, this is brought to you by TD Waterhouse. No, no, we have
nothing for you here. Just go get it in order. And stick to it. Don't wait. Yeah, stick to it. It was
a conversation we had last week. And don't panic. Yeah. Which was a funny conversation. All right,
let's go to another person. This other story here that came about, I know this is a big story that
we got to get into. This is a different kind of a plan of creating wealth. Trump, a billion dollars
made last year in crypto. I'm trying to find out what story, what page this is on. I don't
have it here. I have the billion dollar mining deal. Oh, seven.
Is it page seven? I don't see the crypto one. What page is the crypto deal? Crypto, do you see the
crypto deal? I don't see crypto. I just see the billion dollar. So let me just read this and then
we'll go into the crypto as well. Trump made a billion dollars from crypto. Financial disclosure
shows, according to his personal financial disclosure released on Tuesday, the personal
financial disclosure showed that the president earned at least $524 million from the sale of
cryptocurrency tokens through Trump Connected World Liberty Financial. The president's disclosure also
listed earning an additional $636 million from CIDC Digital LLC and an official of the Trump
organization. Majority, which came from a $635 million licensing agreement with Celebration
Coin for the sale of President Trump's meme coin. The more than 900 page document lists several of
the president's assets, sources, and income. There's another one as well, which I'll get into
here in a minute. Are you comfortable with this? How do you feel about this, Jeff?
Oh, I hate this. I really do. I mean, he's doing himself no favor,
sir. Yes, I understand it's a lot of money, but in one sense, you should put that aside,
because first of all, he's giving his opponents all the ammunition they ever need to just attack
him endlessly. And it will peel off voters because they'll look at this and say,
this isn't right. This is not right. So this is one thing I think we should really
criticize the president on because it is the exact opposite of what he needs to do. He needs
to be as squeaky clean as he can possibly be. And this just opens the door for so many angles on
criticisms that actually stick. I mean, he gets he gets crap for a whole bunch of stuff that
shouldn't he shouldn't. But this is one that he just it's a self-enforced error.
What's the thought is the thought that by the end of the term, we're going to
pardon each other anyway, so they can't do anything to us because Barton Biden set the tone.
Well, here's the moment, but there's no crime being there's no crime,
but this is sort of like you need to be altruistic. You almost need to be because this is bigger than
just Trump's financial situation or his children's financial situation. Put that aside and say, look,
this is for the good of the country. I should probably be squeaky clean because they're going
to come after me for everything. I think Smith did a clip the other day. He says how the hell
that the Clintons and Obama's network will go to hundreds of millions of dollars. Book deals. How
did that happen? Book deals. How did it happen? How to make that kind of money? Politician makes
hundreds of millions. The difference is this guy was a billionaire before. He's a billionaire after,
but specific to crypto and meme coins. Tom, where are you at with that?
On the crypto meme coin? Yes. Yeah. I don't want to give my opponent. I mean,
there's legal. And then there's, you know, public opinion when you're trying to get the Save Act
passed and you're trying to get bigger things done. And and, you know, I want you've heard me.
I must say it again. I want John Thune and Trump to go hot on the filibuster and let's end this
blockage to all types of legislation and get the legislation out, get it voted on.
That's what I want to see. Use the time on. Now, why?
Why does that relate to this? When you're out there with your coin or a meme coin,
you may be legal, but it's just what we're talking about here. You're given the enemy
ammunition, even if they're full of crap and they're and they're making wrongheaded accusations,
completely incorrect. Now, suddenly they've got this this thing that they can use when we're
trying to kind of drive the country. And the modern president has to be aware
of the waves of information like this so that we can, number one, not be
afraid of every rumor that's out there, because a lot of this, we just need to give our finger to
the social media. So you guys are on the same page with that. I want to go to this thing. I'm
coming to you. Let me play this and I'll come to you. This is the Stephen A. Smith on how Clintons
and Obama's got such a high net worth. Go for it. I'll confess something to you.
Clinton was a lawyer in Arkansas, grew up poor, relatively broke. How the hell him in the Clinton
Foundation is worth hundreds of millions of dollars beats me. This episode is brought to you by Indeed.
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Barack Obama was a community organizer who became the president of the United States. And last time
I checked, that salary ain't over $450,000. If I remember correctly, I got to double check that.
How the hell you depart from office? You work over 200 million hours.
It's amazing to me how these politicians go into office and you're sworn to serve the American
people. It's called service, but somehow, some way they always depart exponentially richer than when
they arrived.
I'll confess that the impossible right there. Yeah, do you have a problem with that? Well,
I'm I'm far more scared of the politician whose net worth increased 1000 fold than the one who
was a billionaire and made another billion to be honest with you.
you so i have a little bit less of a problem than you guys with it i do think meme coins are
dangerous i think they lose americans a lot of money so i have a problem with an ethical level
if you're the president of the united states you know this is going to be a trend that's
i'm not a fan of meme coins a perception level so zero would meme coins for me it's it seems like a
scam so he's again he's setting himself up to be yeah they are i've never been a fan of nfts i've
never been a fan of meme coins i've never been a fan of those things people associate them with
rug pulls and scam i mean there's there's an argument here that trump's coin was a rug pull
too so it's just it's just so it's not worth it it's really not worth yeah and the vast majority
of it came from meme coins so yes it doesn't sit right with me so i care more about like are there
potential conflicts of interest even as a precedent here for the future of presidents investing in
crypto and doing these kind of things and the policies they pass directly affecting it so that's
my my main concern but i mean the biden approach the biden approach brandon your thoughts yeah i
remember originally when he was running for
senator
in the second term a lot of the stuff we spoke about and speaking highly of him was that he was
the only president that we could remember where his net worth went down when he was president and
i always say the best president i think is a rich president that goes into office with plenty of
money where they don't have to worry about because it's like just so tempting as a average salary or
average net worth person to go into politics and then you know you get all these um this money
and offers and deals thrown at you so i imagine that could be very tempting for a lot of people
who don't who aren't rich going to politics so i i felt much better with trump being a billion
or going into politics for that reason now if you're going in and you're and not making a lot
of these changes that people wanted you to make where he's not going after the um deep state as
much as people wanted him to but he is doing the things that the deep state did like at least if
you're going to do that at least you know go after them as viciously as you said but instead you're
doing a lot of the same things they did like where biden's doing the you know deals in ukraine and
nancy pelosi's doing the insider trading so this is going to be the greatest list hit hits that
they're going to do you're going to see this on ads you're going to see this on major league baseball
playoff ads on how money was made you're going to see how don jr every one of them you're going to
see all of it everywhere aoc newsome whoever it is is going to be campaigning around this and a lot
of people said that he cared more about money than his legacy like i argued with scaramucci about that
on here and you know this makes it look like okay do you care more about making money than your
legacy like you know what like you care more about an action i don't think that's what it is i think
it's driven by narcissism trump likes to get in on trends he likes to do the
thing that like people are all involved in and we'll get a media and i don't know if and he was
told he can make a ton of money on it i think it's just his ego coming and being like i can make a
trump coin i could be the guy who's the trump coin make millions of dollars everyone's going to get
rich i don't know if his mindset is let me see if i can you know get a billion dollars out of this
for my own personal gain i don't i don't believe that to be to be honest with you between zero to
ten how much do you think he understands what bitcoin is what ethereum is what meme coins are
yeah zero to
ten what do you score it one two tom where do you put it three where do you put it same okay so i
you know to me it's more like advisors came hey we can do this all right you're gonna do it i don't
need to deal with it we got it go boom we just made this much money and that guy made 40 million
or 20 million or whatever i still think i just think you gotta turn it down i think you gotta
be very very very careful with it because you set the tone and anybody and everybody afterwards
gonna say guy made 22 million
your guy made a billion the guy made 82 million your guy made a billion you're gonna hear this
for the next you see the high percentage of you no longer have net worth increasing but but let's
let's also not not not fool ourselves he never campaigned on high ground you know what i'm saying
never campaigned on i'm not sure that's a good argument though no but also this is i know it's
not i'm just telling you that was never his campaign that was that was yeah you do know
what you're getting with that was pence's campaign a man of value that was all the that
was never this guy's campaign okay if you ever watch the movie uh one of the movies about trump
he says look i have one problem it's the only problem i have i don't drink i don't do drugs
it's just women i have one problem it's the only thing i got anyways okay all right so let's get to
next story next story i want to get to is this mackenzie scott 26 billion dollars she's given
to charity after a divorce okay she left uh bezos they got a divorce i think she ended up marrying a
school teacher i don't know if that even worked out i don't think they're together anymore but
she ended up giving 26 billion dollars i don't know if you guys seen this or not if you want
to pull up the list for me to read this to you 26 billion dollars of money that was given to charity
and elon musk responded to this he had a problem with this elon musk said on mckinsey giving away
the 26 billion dollars of her fortune sadly it makes the world a worse place why because of where
the money went to so now do you have that list there's a tweet that breaks the record and it's
breaks down exactly where the money went to maybe it's in here if it's not you may want to look for
that so mckinsey after all that she's given away more than 26 billion dollars past few years of
thousands of organizations through her foundation yield giving while many of her recipients had
never received a donation of that side and many have called them life-changing gifts not everyone
sees her work in the same way elon musk who recently became the world's first trillionaire
thinks scott's given is actually making the world worse off on june 27 puberty
major viral uh media and social news brand posted on x that scott's giving 26.3 billion dollars in
donations has made her one of the biggest individual donors in history the ex-wife of amazon
jeff bezos mega donor then an account with 22 500 followers with the name of friendly officer this
is yahoo finance whose bio describes as heterosexual alpha male reply to puberty post about scott saying
unfortunately she's spending it making the world a worse place then musk responded agreeing with
the statement sadly
yes musk is fresh off losing his history making trillionaire status and is still comfortably the
world's most richest man in the world yet he's been outspoken about how supposedly hard philanthropic
uh giving is after securing his trillion dollar pay package from tesla in late 2025 he said
philanthropy is difficult i agree with love of humanity and i think we should try to do things
that help our fellow human beings he told in an interview he says but it's very hard he explained
it's challenging to give away money well the biggest challenge i find with my foundation is
trying to give away money in a way that is truly beneficial to people it's very easy to give money
away to get appearance of goodness it is very difficult to give money away for the reality of
goodness very difficult very good breakdown tom your thoughts on the story well i completely agree
with that it's um you know my giving i find it very very difficult to ensure that the dollars go
where they say um
i mean right now um there are and i can show you the watch lists um there are things out there where
they're cautioning people about um organizations that really aren't helping uh venezuela uh and
um i'm going back and forth on my neck um or guy said i'm trying to help my grandmother
do you know any of the relief agencies do you guys trust any of them my family is can't get to her
we can't fly to her and we want to help her and i'm going to help her and i'm going to help her
and i'm going to somehow get relief to her but we've done research and we can't find the good
agencies or someone doing it we've been warned off of the ones we found so this there is a perfect
example now take the organized crime of you know uh charities where you can find these charity
watch groups pat that find out that 80 of a donation gets tied up in administration and
running in the marketing of the charity and 20 cents in the dollar actually gets to save the whales
you know it's horrible and so what i i look at from what um elon musk just said the appearance
of goodness is easy go to a dinner stand in front of a logo sheet and then take your picture
but getting actual goodness to help people that are truly in need that you wanted to help them
with something is is very very very difficult i mean even oprah oprah tried to do the whole school
in africa and she was no one
wants to talk about it but she was kind of not as sharp about how it was done and there were people
there that kind of took advantage of the situation and the school went broke it didn't work you see
this yeah the school didn't work so you even have someone like oprah who maybe really wanted to do
something for a girl's school or whatever it was in africa and then the whole thing falls on its
head um excuse me was it um it was gates wasn't gates did the computer labs at public schools you
know and it was the first time that i've ever been to a place in the united states and those failed
so it's very very hard to get the traction done to have something sustainable yeah let me just read
this and i'm going to give you a book recommendation number one 275 million dollars of our money went
to planned parenthood there you go that's all you need to know we don't even need to go to the rest
51 million dollars went to the trevor project for the lgbtq youth okay transgender youth 1.2 billion
26 million to racial justice groups including movement for black lives 163 million to lgbtq
organizations including transgender law center 133 million to gender equity 125 million to climate
change 200 million to open border immigration groups are you kidding me well this isn't charity
it's political donation of course it is i mean of course it is so she gets to call it charity and
look like she's helping society but this is this is not elon your thoughts on this yeah i think it's
political activism i do think it's very very very hard to as you scale up a charity to make a
Faces like this is just a loophole to fund these organizations that then go and affect social policy, social engineer of society.
So I think that's the exact.
You see a pattern with these mega billionaire founders who die or get a divorce and where their wives, what the wives do with the money.
The same thing was with Steve Jobs' wife.
With a wife, she did the same thing where the money went to.
When you go and see where some of this money went to, it goes to the same type of organizations.
The people who didn't build it end up giving the money to organizations that are all these leftist organizations.
You know where that money didn't go?
Why didn't she want to pay taxes?
Well, that's the loophole here.
I thought taxes were a good thing, right?
That's what we're told.
Billionaires should pay taxes.
And here she is using a tax loophole to avoid paying taxes.
I think the only way to scale up something like this is to have your own foundation, have a lot of oversight.
There's just so much room for abuse when you're growing a charity.
But, yeah, again, this is obviously not.
You're assuming.
Because she wants to do it honestly.
No, that's what I'm saying.
You did theoretically.
You really, really got to start small.
It's much easier to function charitably on a small level, impact personal people's lives.
I think things like GoFundMe are even ripe with abuse, unfortunately.
It's so tricky.
But even people who do have an honest want to help people out.
I mean, look at what happens with homeless or drug abuse.
You throw tons and tons of money at it to people who really want to do something about homelessness,
and all it does is make the problem even bigger.
I think that's what Elon Musk was getting at.
The idea that we throw money at things without trying to evaluate whether or not it's working
simply because we're trying to reward the emotional status of the donor herself in this case.
It's like a trillion dollars a year.
We looked at that.
What was the name of that organization that was doing the international operations that Elon Musk started poking at before?
There's a whole ecosystem of money that's essentially invisible that funds things like protests and fake psyops.
So it's a huge political mechanism to kind of shape.
It's like how society thinks and shape the results on the ground.
So I think it's by design, it's very invisible.
But it's like the primary way to launder money.
Yeah, let me give you, tell me if you see a pattern here.
These are the biggest donors, women, of all time to charity.
Ready?
Mackenzie Scott, 26 plus billion.
Notice if there's a pattern.
Melinda Gates, 15 to 18 billion.
Joan Kroc.
Then you got Lauren Powell Jobs.
Steve Jobs is X.
Not X.
Steve Jobs.
Widow.
Five billion dollars pledged, right?
What do you notice there?
Patterns.
Melinda Gates.
Mackenzie Scott.
So I don't know.
Look, people can do whatever they want with their money.
You know, my thing is always what am I going to do?
What are you going to do?
This is their money.
They can do whatever the hell they want to do with their money and their current system.
It tells me you need a prenup and a real prenup.
It tells me you need to really get serious about a prenup.
Number two, it tells me go read the book.
Leaving a Legacy by Jonathan Kurtz.
If you haven't yet, that's 160 pages.
It tells you how the founder of Ford, how furious he was, Henry Ford,
with creating a charity and handing it over to his friends and family
and what it did, devastating what ended up happening to the money.
If you've never read this, go read the book.
Go to Amazon and order this book.
Call your lawyer.
Get a prenup or postnuptial set up in place
and explain.
Explain why.
And if somebody you want to get married to, you have money that you've made.
If they don't agree to it, don't get married.
Yeah.
I'm telling you right now, don't get married and move to a friendlier state.
It's a very weird time when you're going out there, building everything with your family
and, you know, everything you got going on.
And then one day something like this happens and you got to give this money and that money.
No, I think you got.
And by the way, the same thing applies with kids.
If you have a, you know, we had Morgan and Morgan, John Morgan, funny guy.
Uh, he was on and he says in our family, he has four kids, three or four kids.
I don't know.
Can you go to see how many kids he has?
He has a lot of kids.
Just go down on his, uh, guys, you just got to go lower one.
Yeah.
Four kids.
So when you, when you, he says, whenever in our family, if any of my kids gets married
to anybody, guess what?
That person's spouse needs a nuptial agreement in the specific way that we like it.
If they don't, it's okay.
But you get nothing from the trust.
And so if the wife says, I don't want to do it.
Don't worry about it.
Sweetheart, it's okay, son.
You're out of the trust.
It's very simple.
We're not going to have this thing set up.
We worked our tails off to create this.
Well, you got to protect it.
It's very important to be able to protect it.
It's a long clip, but, uh, we'll get to the next one.
All right.
So by the way, sometimes this story, people are like, oh my God, it's so heartless.
It's so heartless.
You must listen to Kanye heartless.
It's heartless.
When you do something like this, you know, what's heartless.
You, I'm going to tell you how many thousands of stories I know
of.
Men that work their tails off to build a business and they were taking for
everything they had, everything they had, and then they have nothing and they're
sitting there and they work their asses off in their twenties, thirties, forties.
And then this happens.
Did you see the story of baby boomers right now are the biggest category of
divorces of 40%, 40% of divorces right now in America are baby boomers.
Did you know that?
I'm sorry.
40% of divorces right now in America are over 50 years old and it tripled
amongst 65 year olds and it tripled them baby boomers category.
So why are boomers getting a divorce?
Think about that.
Why are boomers get Tom?
Why are boomers getting, why are boomers getting so many divorces?
Well, to be, to be honest with you, I think there's a correlation.
This is my unscientific observation.
Here we go.
You take, no, no, no.
Think about this.
I'm not making a joke here.
Take a look at the number of women, 40 to 50 years old that have flipped liberal.
Over the last 15 years.
Look at all of the polling.
Polling and statistics are out there.
I think there's contention that is happening as the boomers age.
And I think there's, there, there are ideological splits that are happening.
I think that's part of it.
Because you look at it and you say, wait a minute, if, if this percent of women,
40 to 50 year old have moved to the left and are doing this or all of them single
or all of them single and angry or, or, or some of them married and what
does that do to the relationship?
So that's my unscientific observation, Pat.
I have a different theory.
Go ahead.
And totally just spitball and speculation.
Maybe it's because, you know, once the kids are that out of the house, some people are like, man, I really don't like you.
We were just together for them.
And they're jumping out because of that.
Yeah.
But you'll see them.
You wouldn't see a triple, uh, digit.
You wouldn't see a triple jump among 65 and older.
I think it's becoming more socially acceptable.
Number one, to get divorced.
Uh, I think also I always talk about it.
We've we're stepping away from God as a society.
So.
Working at things is, is not a necessity anymore, right?
You don't have that quality that you apply to the relationship.
And I think church holds, uh, relationships together.
And if you're not working on your relationship and everything in society now is starting to bleed upward.
Meaning young people are being told, look at your phone.
You're constantly, you'd get whatever you want immediate, you know, gratification, and that's slowly bleeding into older people.
And they're starting to say, I don't want to put in the work.
I think it's lack of support structure outside of the church outside.
I mean, we've become atomized because we're all off in our individual things.
Whether it be social media, you know, getting involved in the screen, you don't have the same sort of support structure and that includes family too.
We move away from our families.
We don't have a, you know, an immediate support structure from your family or neighbors.
We completely disconnected from our neighbors.
So it's much easier.
And I think Tom, I agree with you too, because something has definitely changed in political discourse.
You know, for many years you would be able to have decent, you know, disagreements, even with your spouse, deep disagreements, but at least came from everything from the same perspective.
But over the last, I don't know, 20 years, certainly in the age of Trump.
It's this attitude has taken hold, whereas you're a Trump supporter, I can't be near you.
Yeah, look, common values.
I would, my sister and my brother-in-law, when they got married, my sister's Christian, he was Baha'i.
And Baha'i is, I don't know if you're familiar with Baha'i or not.
I just saw a video on it, like two days ago.
On Baha'i, okay, great, so Baha'i, great family.
The wedding, they have two services.
So they did a Christian service and they did a Baha'i service at their wedding.
We're like, whoa, but guess what?
Even though it was Baha'i and Christian, the values were similar.
Now, my mother and my dad got married, they're both Christians.
But my mom's family communist, my dad's family imperialist.
They married and divorced each other twice.
Obviously, eventually, Siamak, who was Baha'i, he's now Christian, devout Christian.
They've been married 20 plus years, beautiful family.
They've done great work, so values matters.
Very important when you marry someone.
I was dating a girl, I really liked this girl, really liked this girl.
And we were together, so one time I took her to a Billy Graham, he was in Pasadena.
If you look up Billy Graham Pasadena, November 2003.
Let me see if I get the dates right.
I may be off by a year or two.
I think November, Billy Graham Pasadena, November Rose Bowl, okay, 2003.
Put 2003, see if I get the date right or off.
Oh, I was right, okay, 2004.
So Rose Bowl Pasadena, November of 2004, Billy Graham comes to preach.
I go every day except for one day.
I take this girl with me because she was a Muslim.
I take this girl with me, and we're there every day.
And I'm like, what do you think about it?
No.
What do you think about it?
No.
She was a gymnast.
We got along funny as hell.
Then I said, so let's talk politics.
At that time, it was John Kerry and Bush.
That's what was going on a little bit afterwards.
And she was a full-on UNICEF liberal.
You know, all this.
And I said, listen, I'm just telling you, there is no way, as much as we have fun.
There's no way this is going to work out.
No way.
I'm not going to raise my kid in UNICEF and, you know, Planned Parenthood and all this nonsense.
As much as we have fun together, it's not going to work.
You've got to get the values and principles in place.
And I'll tell you this last story.
Onassis was always attracted to Jackie O.
When John F. Kennedy got assassinated and killed, Jackie O used to go visit Onassis
because when John F. Kennedy would do stuff, Jackie O would go and visit Onassis.
That was her way of getting back.
When their son, I think, did they have a son named Patrick that was killed or that died?
Did John F. Kennedy and Jackie O have a son named Patrick that died?
I don't know why I remember that.
He was an infant and died while he was president.
She was devastated when this happened, devastated.
And allegedly, she went to visit Onassis in Europe, allegedly, with a relative,
and she was on his yacht, allegedly.
But after, everybody was like, oh, that's not what happened, all this stuff.
Well, guess what?
It ended up being true because right after the death,
she marries Onassis.
When they get married in the prenuptial agreement,
you know what was in the prenuptial agreement?
I think you can find this detail somewhere.
Some number of saying, for every year we're married, you owe me $10 million.
I think they were together for I don't know how many years.
So seven years, $70 million.
Eight years.
Believe it or not, I actually like that system.
I actually like it.
You know why?
Because it's black and white.
No problem.
If it's two years, $20 million.
We're good to go.
At least I know within two years to cut it loose and move on.
And it's only coming back.
It cost me $20 million.
Hiring now?
Restrictions apply.
C-Sider, store for details.
Farnasas was a billionaire playboy.
So you have to be very, very intentional with that.
You have to have the right values and principles in place.
And be careful of getting some bad influences in your life.
You are one bad influence from destroying your life.
Oh, yeah.
And bad influences are the funnest people typically.
Just keep that in mind.
Bad influences are a lot more fun than good influences.
Good influences are boring.
Bad influences, they're freaking a blast, right?
They come into your life.
You're like,
Oh, my God, I'm having so much fun with this crazy guy or crazy girl.
And then, boom, divorce, drugs, alcohol, DUI, you lost everything.
So be careful with that as well.
All right, let's get to the next story.
Next story I want to get to is,
why do you keep getting rejected from your job?
This is a Forbes story.
Why do people keep getting rejected from their jobs?
What page is that?
Page 12 or 13?
I think I'm mixing up these pages.
I think it's main 12.
Main 12?
Okay, there you go.
Why do you keep getting rejected from your job?
Forbes story, page 12.
Let's go to it.
Here we go.
So, you know, people are like,
Man, I'm having a hard time with these companies hiring me.
Why is that?
Repeated job rejection is commonly in today's competitive hiring market
and rarely reflects a lack of talent.
Surveys show many job seekers spend more than a year searching
while ghost jobs remain widespread
and which one analysis finding about one in seven listings are fake.
Wow, really?
AI also has become a major gatekeeper with 65% of HR professionals
saying it automatically rejects applicants before human review.
Why your job application is getting rejected.
One of the biggest mistakes is sending the same resume everywhere
instead of tailoring it to each role and company.
Applying too late also hurts as recruiters often review candidates
on a rolling basis.
A weak or inconsistent online presence can be another red flag as employers
increasingly use social media to evaluate whether candidates' professional image
matches their qualities or not.
Why you are not advancing to the next interview.
Candidates also fail by relying on improvising instead of preparation.
Employers want clear evidence of why someone wants to roll,
how they will add value, measurable results from previous work.
Strong communication also matters.
Specific accomplishments backed by numbers are more persuasive than vague descriptions.
Sometimes rejection simply comes down to cultural fit,
making it important to research.
A company's values, employees' reviews, and workplace culture before applying.
And last but not least, how to improve your chance of landing a job.
Referral remains one of the most effective ways to stand out
because employers trust recommendations from existing employees
and want to reduce hiring risk.
Networking, speaking with the current or former employees,
understanding the company's needs, and tailoring both your application
and interview around those needs can significantly improve your chances.
Very interesting.
Tom, how do you process this information?
Well, first of all,
two things come to mind.
Common sense and social skills.
You know what?
When I was younger, and even 15 years ago,
you know, it was very common sense.
I better, I got to go find a couple things out about this company.
I'm going to be interviewing with the thing.
You have friends say that to me all the time going back,
going back when I was in school and stuff.
I got to learn a little bit about this company.
I'm going to be interviewing this kind of a job.
I don't know very much about it.
Well, today, kids are stuck in this digital experience.
They have no solution.
They don't have social skills, Pat.
They have, they're lacking social skills.
And the thing that stood out in this article, improvisation,
in other words, winging it, versus preparation,
preparing to present yourself to answer questions,
preparing to answer questions, oh, gosh,
related to the job you're actually applying for,
and then knowing a little bit about the company.
All of that seems like common sense, but it's not happening.
And you can see article upon article saying that,
that students are coming out of high school, coming out of college,
prepared to get away from social media
and have a social discussion with something.
Hello, Mr. Pat David, it's very nice to meet you.
I did a little, I looked up a little bit about David Consulting.
I think this is very, very interesting.
I saw that you did this conference.
And so when I saw the thing come up for a marketing position,
you know, I was very interested in that.
As you see, I had an internship last summer.
You don't get that.
You don't get a simple introduction that says,
and by the way, very few words, just nice, nice to meet you.
I looked up the company.
This is why I'm interested.
I'm in this, that's the number one for me.
It's like the common sense isn't there in the applicant pool.
I've just noticed in general, in customer service
and just my experiences of things getting done,
there's been a major decline
in people's ability to communicate, scary decline.
Like they feel entitled when they're doing their job
to like, just be rude to you.
This does remind me of acting.
I'm going to draw a weird parallel.
When you're auditioning, you're like the one person
who's trying to get the job out of thousands of people
who want it, and you have to find a way to stand out.
I don't know if people are,
and you have to understand these people
who are looking at your resume
and they're looking at your job application,
they see thousands and they're now using AI
to narrow that down.
And then they're looking at the best people in that.
You have to find a way to stand out and be unique
and give some kind of value beyond just what's on the paper.
I don't know if that's being taught to kids in university.
I don't know if they're being taught
on how to have these conversations like Tom said,
and how to stand out, how to really be the person
who's going to provide value to the company.
I also just think in general for anyone, get good with AI.
Learn to use AI as a tool.
Come into any interview.
-I've got some thoughts on this. -What's that?
I've got some thoughts on this, yeah.
Learn to use AI in interviews.
Yeah, I agree.
And by the way, some of these companies, like for us,
if you go to vt.com/careers,
we've got a bunch of job openings all the time, right?
We hired, I don't know, four or five big jobs this week, Tom?
Is it big jobs?
-Oh, definitely. -These are not like--
-Director and up? -Six-figure jobs.
These are director, VP type of jobs this week.
And if you go there, if you don't do an AI
interview with us, we don't look at your resume
because we get thousands of resumes.
So AI interview bumps you up immediately
because the report comes and says this is a fit culturally,
skills, experience.
We get a score that comes into us.
And you need to kind of find out what's going on,
then follow up with an email.
So let's just say I just did the AI interview.
I would send a follow-up email and say, hey,
just did the interview.
Let me know if you have any questions.
I'm really interested in the job.
There's many ways of doing it.
I've got a bunch of stories to give you.
Here.
Aaron Mont is one of our managers at our firm.
Makes nearly a million dollars a year on the consulting side.
Does very well for himself.
He came to a Vol Conference four years ago.
After the Vol Conference, he sends me him an act.
He says, look, here's what I realized.
I'd like to work for Valuetainment.
Comes through, MBA, stud, competitive sports athlete,
comes on board, does very well with us.
You came to us when you were creating content.
You had a YouTube channel with 40,000, 50,000 subs.
Your background is national security,
bachelor's national security.
Master's in national security.
You came through and you took any job to come in.
You just kind of wanted to get in here.
And then now you're on the consulting side, very different.
Our director of studio, Justin.
Justin, I don't know if Justin's in the room or not.
Let me give him a quick shout out.
He's not.
So Justin, one day we're doing an event at our boardroom cigar
lounge, and I'm there.
He comes in good looking, Japanese, German.
This guy looks like a frickin' model.
He's like one of those guys that's a little too attractive.
Like he belongs in Hollywood, right?
You know what I'm talking about.
Perfect hair, perfect eyes, everything is just
He looks Hollywood, right?
He says, for 12 years I was at CBS working on Gil King, a show.
I don't know which show it was.
He says, the entire time I've been wanting to work at Valuetainment,
I moved to Fort Lauderdale just so I can work at Valuetainment.
We didn't hire him right off the bat.
It took us six months.
He ended up getting a job.
He's been with us a little over a year, maybe almost two years with us.
Elon, you guys don't even know how Elon and I got connected.
I don't know Elon.
Elon sends me a Manect, and I said, who are you?
He says, I look at his channel.
I'm like, wow, this guy comes in.
We end up having a meeting together at the office.
I said, I really like you.
Let's entertain you.
You went on Unusual Suspects a few times, Unusual Suspects.
And then from there, I brought you here.
Now you're on the Peabody podcast.
How much exposure is that getting?
But what did you do?
You kind of came in, built a relationship.
And for me, I have layers of not trusting people.
You have to realize companies have a lot of different gatekeepers,
but there's many ways to get in.
If you go in with just asking for what you want,
they're getting hit up by that.
All the time.
It's how can you bring value to them?
And I would agree with the part about, you know, human nature.
Like my kids, if there's one thing I will do with the kids is,
my daughter, Senna, every morning she's here at 8 o'clock, 830.
It's summer vacation, right?
She's here every day.
What is she doing all day?
She's around people, talking to people, roller skating, going around.
Dylan comes around.
Tico comes around, talks about his horror movies.
My daughter, you have to teach your kids to be good with people.
You got to put them in environments where they're learning how to be with people
and then give them the basic feedback.
There's so many 24-year-old adults that still don't have any people skills.
By the way, there's online courses nowadays that you can get.
There's online courses on how to communicate.
There's online courses on how to have better mannerisms.
I remember when the first time I was given a speech at an event,
Sizzlers in, what is that city?
Not Inglewood.
What's the city next to Inglewood?
Compton.
I was at Compton Sizzlers where Magic Johnson owned the theater.
I'm giving a speech, and this man named Brian Heflin is bringing me up.
I am nervous.
I've never given a talk.
I'm good in small books.
I'm like, oh, my God.
I'm in front of a mirror watching TV.
A guy's giving a speech, and he's talking.
I'm trying to mimic mannerisms.
I'm like, oh, shit.
What do I do?
Then you're like, oh, I got to learn how to tell a story.
What's the easiest thing?
Get up there.
I don't know what to say.
Two to three points and tell two stories.
Got up.
Hey, I got three things I want to share with you.
One, boom.
Let me tell you a story.
Two, boom.
Three, boom.
Read the book, How to Master the Art of Public Speaking by Dale Carnegie, written 100 years
ago.
Go pick up some of these books.
Go buy the book, TED Talks, on how to be a better TED Talk speaker.
We need to teach our people how to communicate.
The more we go to AI, you're going to see human beings are going to make a comeback.
There's a reason why this story here of Ford, what page is that Ford story, Brandon?
Do you remember what?
Look at this.
Ford is rehiring human engineers after AI failed.
Ford says it has hired some human engineers.
Can you imagine?
We have to say.
We have to say human engineers.
Just say engineers.
We used to just say human engineers, just engineers.
After AI failed to match their skill and experience, and a bit to reap the benefits of the tech,
which developers claim can cut costs and boost productivity, the U.S. carmaker adopted it,
crossed some parts of its operators, including for quality checks.
But according to Bloomberg, its executive said the firm has rehired more than 300 veteran
quality inspectors in recent years to make up for the pitfalls of the automated systems.
Team Human, baby.
We're making a comeback.
AI is a fantastic tool, but it is only as good as the information you can train it.
Charles Poon, VP of Vehicle Hardware Engineering, told reporters over prior years we didn't pay as much attention as we should have
to the experience of our most knowledgeable engineers that have been with us through many product cycles.
The U.S. automaker is among to have seized on the buzz around AI, particularly in Wall Street's fervor around the tech's potential.
To increase margins, AI will leave a lot of white-collar people behind.
Ford's boss, Jim Farley, great name, said in an interview with author Walter Isaacson last June.
And in October earning calls, chief operating officer Kumar said the firm was deploying AI across the entire industrial platform.
This included rolling out 900 AI-powered cameras in its plans to detect quality issues.
But Poon told reporters on Wednesday the firm's AI-driven checks had failed.
To live up to expectations, mistakenly, we thought that by just introducing AI and ingesting the design requirements that we had, that would produce a high-quality product.
Poon reportedly pointed to automated tools lacking the training and experience of a veteran technician, many of whom he said had left the company before their knowledge could be used to improve its tech.
Tom, love the story. Your thoughts on this?
I'm buying another Ford if they go back to Team Human, I'm telling you.
Exactly. So what happens here is a bad design is a bad design.
And if the AI has got a bad design or a design that's got flaws, it doesn't fix anything.
And so that's the problem of an engineer.
What is an engineer? An engineer is an inventor, a designer, an inventor.
And guess what? Some don't work, then you go into testing.
And what this is pointing out is they tried to put it in the quality side of it, but we just wanted to ingest this data.
And the AI was unable to replicate the human.
And so I think what it shows is that this rush to put AI on everything, finishing tasks like this, you know, where you have the physical world, is not happening.
I'm seeing more and more and more and more and more feedback and case studies on AI saved me time collecting data, analyzing it and getting it to a point that I used it.
So it compressed that part of my workday by giving me, hey, here's an assessment.
It's like, it's like what is pumps things, CFO, Sophia or whatever it is, where it compresses the time to find a list of things that now you need to go take a look at in terms of your budget and stuff.
Well, now I got to go in there. It doesn't do it for you.
Now you go in there, you save the hour of compiling it, and now you have a list of things that you're going to go after.
And I think that's AI at its best here.
And I think that AI is not coming for every job.
And I think that's, I think this is, this is good news.
You have, we covered it, and I'll mention it again.
The number of software engineer job openings right now is up year over year, and it's not up by a small number, but they're in different places now.
They're in DevOps.
They're in, uh-oh, quality.
And they're in areas where all of this code is getting created.
Now we need humans to come out, babysit the code, and look at end products and see.
How the functionality is.
So there are, for all these, you know, you say this company laid off a thousand software engineers.
They're showing up in the one ads to apply their engineering skill in a different way.
It's like.
There are a lot of things more important in life than making money.
And this is coming from a guy that's done pretty okay, and I've made some money, okay?
But I tell you, how much fun do you and I have, Tom, when we're with the family in the Hamptons hanging out, or we're somewhere around the world, Italy.
Or, do we think money, or are we just sitting there laughing and enjoying the family's company?
No, we run around outside and find a variety of ways to hurt our.
I don't want to run around with this corny ACL.
I can't do shit.
I know.
We find all kinds of ways to get sunburned and mess up our physical bodies.
But I tell you, you know what it is?
And have fun in the process.
If you gave me a hundred billion dollars, but I had to give this up, I would never.
Give me a trillion.
I'll never give it up.
Never.
Never to sit down and talk to another human being.
I look forward.
I look forward to these conversations of us sitting down.
I look forward to us sitting down and thinking, what does this human being that has gone through a bunch of shit in his life that we don't know, he's still able to act and look at me as if everything is okay, and carry the weight, overcome it, take care of his family, successful guy, drives a nice car, does his part, is smart.
I respect the hell out of this human being.
What does this guy here, young guy, that is new very early on, he's different than everybody else, who the hell gives a shit about national security when you're in high school?
But he was interested.
He was interested in it.
And you have to be called weird your entire life.
Now he's sitting here doing, what is this guy that went from being a playboy, Hollywood actor, doing all the shit that he's doing, the drugs, the alcohol, one day God gets a hold of him, father, family guy, business owner, fighter, UFC, done movies with Brad Pitt, all this stuff.
All the shit he went through, and now he's sitting here preaching God?
Are you kidding me?
This is priceless.
This is it.
Of course we use AI.
Of course we use Chad GBT.
Of course we use all these different language learning models.
None of it will replace the idea of doing something big together with human beings.
Doing the impossible with AI, you ain't doing the impossible.
Doing the impossible with other human beings, when you watch Elon and his team at SpaceX, when it goes off and you see the euphoric celebration, the tears, the crying, you don't cry with AI.
That's a flippant movie called Her.
Shittiest movie I've seen in my life with Joaquin Phoenix, who's one of my favorite guys.
You fall in love.
You fall in love with AI.
No, you fall in love with a human being, because you have to persuade them, you have to win them over.
have to keep them interested that is hard you don't need to keep ai interested you already have
them they're going to do whatever you want them to tell you to do that that's boring there is no
friction there is no challenge there is no difficulty there is no what if they leave what
if heartbreak what if there is none of that you want the possibility of losing somebody you want
the possibility of that that's what makes this real that's what makes it exciting so i love
hearing these stories can you go back i don't want to even look at this movie her the worst movies
i've seen in my life look at clarna what happened to these companies replace much of the its
customer support with ai what did it happen they reserved it reversed it why customer satisfaction
and service quality suffered on more complex issues the co and customers still wanted access
to real people ford motor company we just rehired 350 people why they screwed up they need those
people they need those people do a lingo announce an ai first strategy then softened its position
and increase human development how the hell are you going to go ai first
when you need people to use duolingo what a dumb strategy hey guess what we don't need you guys to
work here we just need the customers because you're not that important but no oh shit yeah
we're team human we're so sorry because without these team human if ai was learning a language
ai doesn't need duolingo to learn a language ai already speaks every language your customers are
people these companies that went full on you you know like the movie the the epic documentary slash
movie what do you call that movie uh tropic thunder you never go full retard you just don't
love that movie you never go full ai yeah never go for 400 years right you don't you don't do it
if you've seen tropic thunder you know the line for 400 years what do you mean you people you
people yeah so anyways i love this story elon do you have any thoughts on this one here yourself
yeah i think what you're touching on is that community for humans is so important and it's
actually one of the determining factors for how long we live when we lose social
communities and and social interaction we actually pass away much younger i do think there's two
conversations about ai there's ai today and ai in the future and if you want to make yourself
valuable today i think we're in a place where you can integrate ai into what you're doing to
produce more value i don't know where ai will take us in the future but i do hope i pray that
there will be this renaissance this evolution where mankind just learns to appreciate the human
experience ai takes care of a lot of the stuff we don't want to do this is like an optimistic kind
of outlook and we just get to deep dive into what the human spirit is really about and really
explore that and an age of enlightenment you know what you know what it is is the honeymoon period
is starting to end right because ai was you know we had elon musk talking about the singularity and
you know some doomsayer saying it's going to replace 50 percent of jobs and then suddenly
people had to start using ai and realize the limitations there including what pat was talking
about the limitations of ai versus humanity so but that's today that's again so the conversation is
how does this you know does does this technology increase linearly or does it increase well here's
no it increases parabolically but this is this is no different than any other adoption cycle it means
nothing so how much how much okay if if let's just say 100 it's it's reached its capacity
full potential where do you think we are right now i think we're at five percent yeah not even
half of a percent perfect okay so we're at a half a percent but let's take you to 100 go to 100 what
does the world look like at 100 star wars well the world looks heavily automated it looks like
labor and intelligence don't have the same value because they're no longer scarce what do you still
need 100 still has value but labor doesn't no i don't think intelligence has value in that world
because it depends on what you define as intelligence like agi would be more intelligent
than the most intelligent doctor would be you would have an abundance of intelligence get to
a point where having kids would be no value to having kids would he ever get to that point we
will never get why not why not because the problem that's really the question is why not why not why not
question right because if if ai eventually gets to a point that i can make all the money in the
world why why did people have kids back in the days not today 200 years ago why do people have
kids labor free labor just so you know was labor wow absolutely oh if you go for any industrial
society wealthy society hundreds of years we had kids to help families business it was a replacement
game do you think we'll ever get to a point that we don't have kids because hey i can do my job so
i don't need to make money so why am i having kids for why would i bring kids in this society
i talked to an australian economist last week who is the most pessimist economist i've met in my
life which most socialists and communist economists are and he said to me i became a pessimist because
i learned the facts i said if you were 25 today he's 73 today i said if you were 25 today would
you have kids he says absolutely not i said why he says because i know facts climate change i
would never have kids so you go to a point of ai really getting to a level of 100 would we still
have kids if yes why again i would okay so we do see a decline we do see a decline in in
childbirth in a big affordability 5a today but what if affordability is out which it will make
why do you have affordability is not an argument because we we're much wealthier society we have
less kids that's that's it's not afforded there's a core and there's a correlation correlation is
what pat said is that kids large families where first of all you need a lot of kids because
quite a few of them died in in their younger years but really it was labor you need more
labor to work the family farm i would say you're gonna have kids again because we're gonna hope
this is the optimistic outlook because of this renaissance where the human experience is what
is valued and the human experience is having children propagating your own species i just
think that will have the rest taken care of that's i think the the current direction okay in the book
choose your enemies wisely i i i presented a chart to everybody on this thing i don't know if you've
seen this chart or not the chart is the selfish selfless score okay the selfish selfless score
guys i'm texting it to you if you want to pull it up i think connor you have it if you don't have it
i'm just texting it to you right now anyways if you just pull this up i just sent the chart to you
if the score goes higher we have a problem if the score goes lower we also have a problem
there needs to be an element of selfishness people that have a very low selfish score
that's a terrible society because you need to aspire to do something so like here this was
the chart the net positive index chart that we put together
in the book choose your enemies wisely if you're selfless zero percent you're 100 selfish you're
a criminal you're a psychopath if you're 90 selfish 10 selfless you're a narcissist
very the world revolves around you if you're 80 selfish 20 you're a solopreneur you just kind of
want to make money you're a laptop entrepreneur if you're 70 30 you're a kingmaker you're a driver
it's your 60 40 you're synergist you bring people together if you're 50 50 you're an advisor you're
if you're 40 60 you're supporting cast if you're 30 70 you're a passive you're meek you're actually
not good for any organization you're 20 80 you're indecisive you're conforming to everyone 10 90
you're a weak-willed coward and 0 100 doesn't exist so what happens if the selfish score goes
higher it's all based on money then what what if everybody is rich what if everybody's a millionaire
what if what if life is all about how much money and everything i do for myself there's an element
of this that we need to think about and we need to think about and we need to think about and we need
to think about like it isn't just if ai gets to a point where everything's about there's going to
be so much wealth and rich and is this it it's not it there's got to be more to it this episode
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reading this and what hit me is that an ai future without faith in society is a future that cannot
exist and and but faith leads to what though for me it's human it's human we we have to protect
the human component of it that's why i hate this term intelligence because intelligence is not just
about spitting it out it's about protecting the human component of it that's why i hate this term
intelligence is about spitting out data and understanding facts intelligence is there's more layers to it and i don't i i don't think ai ever gets to all of those layers that's why ai will always be a tool for humanity because there's some things we just can't describe us so intelligence is more than just strictly what ai can can deliver and i think that's what's being discovered after this honeymoon process is over we're starting to use ai and see its limitations it is not a replacement for human creativity and intelligence as we you know maybe more comprehensively understand it is a tool that humans will learn to use and
to adapt and use within their own you know own processes can you run a poll can you run a poll
on the back here's the poll do you think the world would be happier if some sort of a ubi existed
that paid everyone three hundred thousand dollars a year okay you don't have a you don't need to
have a job you don't need to do anything ai has done such a good job that financially everybody's
taken care of and you just go live your life do you think that's a good job
people would be happier or no?
Just run a poll.
Offer a perspective.
And try to write that question a lot shorter.
And I gave you a paragraph to try to shorten it.
I count on the guys on the back to be able to do it.
Go ahead.
So I think the ideal situation is if everybody in society was able to have, you know, shelter, food, energy, transportation.
And then after that, if you want more, you have to go work for it.
Because that's where a lot of crime comes from is where people don't know.
I don't think that's – okay, so see, to me, when you look at the capitalism concept, it's four things.
Freedom to buy, freedom to sell, freedom to try, and freedom to fail.
You take the last one out, what the hell is the purpose of it?
So let me continue.
In marriage, divorce is good.
There has to be the possibility of a relationship not working out.
There has to be the possibility of people not making enough money because it makes those who do success.
There has to be certain people in sports.
Ecuador lost yesterday.
They played horrible.
Mexico crushed.
Did you see the celebration in Mexico?
Did you see the mourning in Ecuador?
It needs to be there.
We all go through it.
We need to experience public humiliation and embarrassment.
It's actually good that we go through it at times.
We need to experience loss.
Who was it in the Bible that talks about there's a season for mourning?
There's a season for – is it Solomon?
It's King Solomon, the book of Ecclesiastes.
Yeah, so the season's for it.
So I'm trying to wonder if people would be happier.
If everybody's minimum expenses were covered, would the world be happier?
I think if the things you need to survive were – because, yeah, I think that obviously after that,
you go to compare in things like caliber of life, like how much can you do outside of those things?
Like can you do fun, enjoyable, extravagant things?
But that's the main reason why people are upset and why people start turning socialist and why crime is committed.
So if there was an abundance of wealth created from AI and we get to the point where there's – you know,
where those things are so cheap to produce, then what's the downside of just those main things you need to actually live being covered?
Because the expectation will be that more will be covered.
It will never be enough.
And then – okay.
Do you think more harm than good, you think?
Yeah.
I think fundamentally the human experience is one that has to come from some degree of real adversity.
I think the more we've shown that we delve into comfort, the more two things happen.
The more miserable people get.
Yeah, the human spirit tends to decline, and also we tend not to drive ourselves and push ourselves.
So there's two – like you have the labor death, and then you have the spiritual death that occurs.
I'm sorry.
No, it's okay.
Go ahead.
You see this all the time when people retire.
When people retire, they are usually miserable, and they end up dying.
Very quickly.
Very quickly.
But I do think we have to reevaluate the entire – if AI is going to become full automation,
if we are going to end up in this place where we have an abundance of everything,
the concepts of money no longer have the same value.
So we're still thinking about money as it is today.
Again, money won't happen.
Money won't have that value.
UBI becomes somewhat irrelevant when you're provided with food, shelter, the ability to do it.
So again, you have to look at what is the purpose and value of human beings and the human experience,
and how do we continue and propagate that so that people do it.
Seventy-four percent said no, they wouldn't be happier.
Twenty-six percent said they would be happier.
Yeah.
With receiving $300?
Whatever.
If the living expenses – I think it would be – they would be miserable.
Absolutely.
I think a majority would be miserable.
There is no purpose in life if you're not overcoming something difficult, challenging.
If you take all of that away, the most basic concept of why some people have money is because of what?
Resistance.
Not money, physical, like six-pack or muscle.
Resistance.
You take resistance out, it's not this la-la land with unicorns flying above us and everything is good.
I actually think it's a problematic society.
I agree with that.
Think of what –
You still have – oh, sorry.
It's okay.
You still have struggle, though.
If you have those basic things, like I think you'd still be striving to get the things that everybody else has because there's levels to it.
But just think of what inspires people.
Think of if you're going to watch –
The moment you take out the minimum, the moment you take out the minimum, you make people like – you know what welfare does to most people?
Oh, yeah, terrible things.
You know what SNAP does to most people?
You know what unemployment for 24 months when Obama had that and they kept bringing – you know what it does to people?
I do.
I mean, my parents grew up on welfare, so I know that.
It steals away your dreams.
Everything.
Yeah.
Your drive, your ambition, everything.
Gone.
The most miserable person I know in my life, whom I want to name – I love this person dearly – the most unhappy, miserable person I know in my life that I love more than words can describe, lived off of entitlements, lived off of everything, and I've never met anybody more unhappy than this human being, whom I love dearly.
Whom I love dearly.
Entitlement programs stole away her entire dignity.
And you see it in her eyes today.
And it breaks my heart that this happened.
It breaks my heart that this happened.
I think if we're constantly trying to make everything easier – you know, one of the biggest things is when you have a family and you have money, and you have to find ways to make things challenging for your kids because it's so easy for them.
You have to find ways where I'm like – I'll tell my wife, I'll say, babe, why are you making it easy?
No.
No, no.
Don't make it easy.
Make it harder.
Why?
They have a very good life.
We're stealing things away from them if we make everything easy for them.
No.
But you think they do legs and you think they read books and – yes.
And you think that – yes.
Yes.
Why?
What do we do?
And we had nothing.
We had a hard life.
We have to find a way to provide difficulty and challenges for them.
And so I know the average person will watch and say, you know what?
You're so disconnected from real life.
There's anybody that's not disconnected from real life.
Man, I've built a business.
And I've failed miserably.
And I came up and I came from a life of having nothing.
Nothing.
And if you take that away, you don't know who I am.
You literally won't know who I am.
You won't know who I am right now.
I would just be a guy walking down the street.
You're like, oh, there goes a Middle Eastern.
Why is he so tall?
That's what you would say.
Okay?
That's what you – because that's what most people say.
Wow.
I remember one time this seven-year-old lady I'm giving a talk.
She comes up to me.
She says, did you say you're Iranian and Armenian and what was the last one?
Sicilian?
Sicilian?
No, ma'am.
Syrian.
Yeah.
Yeah.
Why are you so tall?
I said, ma'am, because I was breastfed until 17 years old.
And she says –
That's the secret.
Seriously?
I said, that's a Middle Eastern culture.
I was breastfed until 17.
Her husband's like, honey, he's messing with you.
No man is breastfed until 17 years old.
Anyways, let's get to the next story.
We've got a couple more before we wrap up.
This conversation can go for hours at a good dinner,
but we've got other stories to go through with the guys that we have here.
Talking about Kalshi.
Look at Kalshi.
Kalshi gets a $20 million deal
with the World Cup.
Are you kidding me?
That's amazing.
And their talks about this company is now going to be a $40 billion company.
You just got a valuation about a year ago at $11 billion.
$40 billion a year later?
What is going on with this?
And by the way, most of these campaigns you're looking at
are people running for office.
They're frightened.
People in politics are frightened by companies like Kalshi
because they don't need polls anymore.
Why do I need polls?
We have a gubernatorial debate that we're running tomorrow
with James Fishback, Paul Renner, and Collins,
that they're going to be –
Lieutenant Governor Collins.
We're hosting it tomorrow night at 6 p.m. live.
Those of you guys that are members of the Cigar Lounge,
a lot of you guys will be there,
and each camp's going to have their own.
That's going to be run in a very different way.
We're going to have some fun together.
But guess what everyone's looking at?
Kalshi.
Kalshi, they're looking at these reports.
And now Kalshi's getting $20 million with the World Cup.
Tom, how big of a deal is this for Kalshi?
It's huge.
We know some of these guys.
We've been approached,
and we've met a lot of people that are in the prediction markets and everything.
And we've also heard from Washington what they want to do
is just making more betting.
But what Kalshi just pulled off, this is just smart business.
At the beginning of the World Cup, the World Cup offered,
I think it was $150 million to be part of the rotating ads
that are on the three-foot-high video boards
that circle the actual out-of-bounds of the soccer pitch.
And they didn't do it.
And now we're coming up into here,
and the World Cup is discovering that some of the rate cards
that they had, Pat, were a little expensive.
And Kalshi's like, well, maybe I'll do it for like $20.
And here it is, headline news,
that Kalshi's got sponsorship as we go into knockout.
And they get it at a deep discount.
Well, guess what?
Sometimes it's good business.
Sometimes you just wait and you do it.
And what's interesting about Kalshi
and what Pat was just talking about on the polling,
when you say to them, who are you voting for?
Damn it, I'm voting for Kamala.
Kamala Harris.
That is different from saying,
hey, who do you think's going to win
and are you willing to put $5 on it?
And then they say, well, I'm here in Los Angeles, California,
and there's no frickin' way Trump's going to win.
If you want me to put $5,
I will predict that Kamala will carry California.
I don't want her to be president, but she'll carry.
That is a prediction market.
And the prediction markets have proven to be more accurate than polls.
And so guess what?
That's why the candidates go out there and they say,
hey, prediction markets shouldn't do this, do that.
What, really, really?
A voice of truth that's independent based on what the citizens think?
You wouldn't want that?
You'd rather to have your poll on ABC and spin it the way you want?
Of course you would.
By the way, you know what this original was?
$150 million ask.
That's exactly right.
$150 million ask.
They waited.
87% discount.
They waited.
And it's only going to be elimination, Ron, not the whole thing.
So who wins here?
Who wins here between the two?
If you have to give 60-40, 70-30, is it more Kalshi or is it more FIFA?
Well, I think it's.
probably 70 for Cal State for a good business decision.
But FIFA does win something.
because they wouldn't have had anything.
If they don't do it.
Now they're going to get a little bit more.
Yeah, the game's changed.
Yeah, $20 million.
I love the explosion of predictive markets.
And as they continue to grow,
they're going to become more accurate in their predictions.
So I think, you know, the higher a pool of people you have involved,
I think Tom said it perfectly,
the fact that people are putting money down on what they expect to happen
is far more effective than just calling someone up and being like,
hey, well, you know, like, who are you voting for?
What are you going to do in this situation?
And I do think super smart business decision
to help mainstream predictive markets.
A lot of people don't know about them yet,
as much as we're talking about it and it's in our world.
There's a lot of people you talk to and you go, hey, do you know what Calci is?
They're like, I have no idea.
This really, really helps bring it mainstream for an inexpensive amount.
It's always better to have a skin in the game.
There was always more accurate information when people have to have a downside.
So that's the positive.
And you're exactly right.
That was the point is that people don't know what Calci is.
And Calci, to a certain extent, not that it's their fault,
but they've allowed them the narrative about Calci to be dictated from Washington.
Oh, there's no more gambling.
There's more problems.
And it's really what Tom said, better information.
It's not quite mature yet, but there's a better and better source of information here.
Yeah.
Think about how things used to be decided between whether it's gambling up
or gambling on sports games, who would be in charge of the odds for that?
Like it's some guy in Vegas who's calling somebody who works for a team saying like,
oh, yeah, what's this?
This isn't looking like versus the full market,
you know, putting their money on the line to say,
what do they think it's going to be?
And then polls, too.
It's like some guys who work at a newspaper putting polls together
based on what they did in like a small survey in the field somewhere.
So, yeah, great innovation.
Love it for the political side and for the sports odds.
Vegas, the house is trying to handicap choice because the house wants to win.
Calci's just making a playing field for you and me to go in there.
And just like eBay, they take a percent of what the public is in there doing
from this side and that side.
And you know what I think is also really interesting?
I'm looking forward to when things like Calci come out with like index markets.
So suddenly you can get like ETF type things or like power indexes.
Because if you take a careful look, you can go into Calci any given day
and just get like five or six different markets are created there
on what's going to happen for the Democrat candidate or Republican candidate.
And so you get these perspectives.
Here's one with $200 million on it for who's going to be the Democrat candidate.
And then here's one with $1 million.
And then here's one with $1.5 million on it just on the wildcard candidates.
And so suddenly you can look at all that and it's like,
what if you could put all that together and have like an ETF, like to have the Dow?
By the way, there are so many.
Here's the thing.
If you think about Calci, there's going to be others that are going to try to compete.
But Calci is becoming a main name right now because regulatory in America,
they're not screwing up.
A couple of these other guys are screwing up.
They're good.
What's Calci's potential, Tom, on valuation?
Can Calci be a half a trillion auto company?
Can Calci get to numbers like that?
Oh, absolutely.
Because I think we've only begun to see what's going to happen in prediction markets,
on discrete prediction markets.
What if we could thread them all together?
And I'll give you an example.
What did RealClearPolitics try to do?
They try to take all the polls together and thread them together.
What's the flaw in that?
One poll was six months ago or six weeks ago, five weeks, four weeks.
And since then,
some candidate has been exposed for some terrible thing he did in high school or college or whatever.
So those first two polls don't matter.
But still, guess what?
RealClearPolitics is still trying to thread all those polls together.
But this happens in real time, and you'll see the public moving.
I can't wait until they get to power indexes and threading,
what I call it threading, where you put things together,
like the pot of chili, and instead of having to—
guess, which is what the polls do when they put polls together,
they have to guess about the hybridization.
No, this hybridization happens in real time as the consumers are like,
whoa, you can see—and you'll see it moving like an index.
We've been watching things.
We've been watching, like, Ossoff from Georgia slowly come up,
and he's in front of AOC.
Certain part of the mainstream media don't want to talk about that.
But there's over $100 million of citizens that are in there.
They're just saying, we think this guy's above.
Yeah, yeah.
I mean, it is not going away.
I like it.
I lean towards what it says many times when I'll take a look at it.
But let me get to this next story.
Citizen Vigilante.
There's a clip by Citizen Vigilante, a guy who produced the movie, Uwe Boll.
And I send this clip to you guys if you have it.
In this clip, if you look at it, he's being asked, why is this movie doing so well?
In the story, if you check your text, you'll see it.
In the story, he says why he thinks this movie—
I think Uwe is from Germany himself.
I watched it two times already in the last four days
because I'm trying to see why is this movie getting so much traction.
I know Ilan watched it yesterday.
He hated it.
But let me read it to you.
The film Citizen Vigilante is presented as an unapologetic rejection of globalism,
mass migration, Islamic extremism—this is a zero-hitch story—
and woke politics that condemns politicians, judges, NGOs,
and law enforcement for failing to protect its citizens from crimes committed by some immigrants,
arguing that denying justice inevitably breeds vengeance.
The opening declares, when justice is denied, instincts turn to vengeance,
framing the story as a warning that government sacrificing public safety risks provoking a popular revolt.
My concern, if you look at clips all over the place—I sent a video yesterday.
In Mexico, an independent Citizen Vigilante has already come out,
and he's going around.
He's going around, you know, catching robbers.
I don't know if you guys saw that story or not with this guy.
He's literally going around catching robbers.
Mexican Batman.
Mexican Batman.
You saw that with the Mexican Batman?
Yeah, this guy.
So, this is everywhere.
In Germany, it's happening all over the place.
And this movie is banned in Germany and many other countries.
But it's number one on Amazon, and it's number one on Apple,
and it's one of the worst-produced movies.
Small budget.
Looks like it's less than a million bucks like you and I could produce it, right?
But I want you to—
But I want you to see Uwe Boll, who is willing to take the risk of doing something like this
and hear his argument.
He's saying this would have been a very different story if they were Nazis.
Let him describe it to you, and you make your decision if you agree with this or not.
And then, Ilan, I'm coming to you next.
Go for it.
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Oh, you gotta be kidding me.
There's no translation here?
Okay, go back to it.
It was like that commercial of Hitler, you know.
Go back to it.
Go back.
Go back to the twill.
I'll just read it to it.
If it were six neo-Nazis raping a migrant woman in the film,
it would have been the opening film of Berlinale.
Okay, if, and by the way, he's not wrong.
But because the story is different and the six raping in this movie
are majority Muslims with this 14, 15-year-old that he comes in
and he takes his family out and the sister protected it.
It's a very dark movie.
Do not watch it with your kids.
Very dark.
Dark movie.
Your thoughts on this movie, Ilan?
So I think he touches on something that a lot of us are feeling.
Every time I open my phone, there's, you know,
new information about mass rape gangs in Europe.
I see people being stabbed in the neck.
Exactly like how the film opens.
Just tragedy after tragedy driven by this ideology
that he's very much targeting.
And a lot of the time, it's not that the law just ignores it.
The law helped cover it up in many of these cases.
So you have a mass amount of people worldwide.
We saw it in the United States also
with the person who was let out of jail who stabbed the woman.
In the neck, on the bus.
There's all these cases.
So there's an emotional, emotional background here
that all of us connect to.
On that end, kudos to him.
He tapped into something that is very deep
that's going on right now that got a very strong response.
Objectively, the movie is terrible.
It is not shot well.
The character's motivations don't make sense.
He randomly does.
I don't want to give spoilers, so I'm not going to say things.
He has no background.
And a movie still has to be a film.
It still has to make sense and be done well, in my opinion,
for it to have value.
But again,
he's getting away with so much
because I want to support him
because the message of bringing attention
to what's going on right now
with all this violence in the world,
I very much agree with.
Another interesting thing that's important to touch on
is there's two parallel kind of film industries
that now exist.
There's the mainstream Hollywood film industry
and there's this new distribution model
which we're seeing now with films like this
where if you touch on something controversial,
you can blow up.
We saw it with Obsession,
filmed for $750,000,
making hundreds of millions of dollars.
So there's this parallel,
a film economy.
I'm very proud of that.
It's going to give independent filmmakers
a large opportunity.
But again,
Again, I just can't get behind the movie.
Also, one last thing, Armie Hammer, super cool.
Did we see Armie Hammer pop up after the guy was?
Listen, I don't know what's true and what's not true with Armie Hammer,
but his background story of the text.
It's pretty dark.
Yeah, it's pretty dark.
It's pretty crazy.
On what he's got.
Anyways, you guys haven't seen it.
When you do see it, you'll see.
You'll have a lot of thoughts.
It's going to really tap into some crazy, dark emotions.
Let me wrap up with this last story.
LeBron James announced he's leaving the Lakers.
Minutes after his son got his locked-in contract, $2.6 million.
A lot of people say he did that on purpose to make sure Bronny got his contract
with the Lakers right after he announced he's leaving.
Some people are speculating he's going to go to Golden State Warriors
to chase his last championship.
Some are saying he's going to Cleveland because he had this clip of him,
Kevin Love, and a bunch of previous Cavs guys that are reuniting in Cleveland.
They were hanging out.
Then Kyrie Irving wasn't there.
J.R. Smith went after him.
Then J.R. Smith's like, I apologize.
Kyrie's like, I couldn't make it.
And then there was one other place.
A player that wasn't invited.
Some are saying he may come to Miami to team up with Giannis to win something.
So save that money on taxes.
But either way, there has never been a superstar that went to the Lakers
that never felt like a Laker than LeBron James.
Never.
Never.
I will tell you, the moment he announces the team,
I'm wearing a Laker jersey on that podcast.
The last time I rooted for the Lakers was a day before he came to the Lakers.
I've never been a fan of the way he built up the NBA.
I'm not a fan of the way he did it.
Quite frankly, when you think about superstars,
yesterday my daughter and I spent some time together.
We had a blast.
I'm doing physical therapy.
She's down there.
We're laughing.
We're crying.
We're joking.
We're doing all this stuff.
She's not happy.
That mommy, she wanted to go to soccer.
She's at the house.
And so she's jumping.
And I said, babe, what do you want to watch?
So we first watched this Reese Witherspoon movie where she's wearing this pink outfit
where the boyfriend says, I have to tell you something.
I want to be a senator one day.
And I can't have a wife.
I can't have a wife like you who didn't go to Ivy League school and she goes to school.
I don't know what the movie is with Reese Witherspoon.
It's funny as hell.
And then two minutes into it, she's like, I'm bored, daddy.
So I said, if you're bored, I'm picking a movie.
I pick Air.
You know what scene I went from in Air?
I went in the boardroom where Sonny Vacario is giving the story to Michael.
And he gives this emotional story.
Do you know which speech this is?
Let me tell you what's going to happen.
Have you guys seen the speech?
Yeah.
He says, you're going to become the best player in the world.
You're going to win championships.
You're going to win MVPs.
You're going to win All-Stars.
You're going to win all this stuff.
He says, but then you're going to fall.
And when you fall, they're going to humiliate you.
You're going to have massive setbacks in your family.
Nike's going to be here for you.
He says, no one's going to remember us.
Nobody in this room is going to be remembered.
But you will be remembered.
You will be remembered for generations for what you do.
Because you're Michael Jordan.
And Sonny went to recruit him.
And then afterwards, I just got the chills all over my body.
And afterwards, you see the clips of Michael of the stuff that he did.
My God, that guy was one of a kind.
You just fell in love with the guy.
And LeBron never had that.
He never had that.
He chased.
He did things that was just different.
Don't get me wrong.
In my opinion, second greatest basketball player of all time.
But there is something weird when you see Laker fans across the board
celebrating that he's leaving.
He was with the Lakers for how long?
Eight years?
Nine years?
Ten years?
I don't know what the number is.
And during the nine years he was there, he won one championship.
And they –
If Trevor Bauer would have won that championship,
he would have called a Mickey Mouse championship.
But he doesn't play basketball.
He was there eight seasons, one championship.
And the one he won was the COVID one.
And there are many memories of Michael we'll remember.
There are not a lot of memories of LeBron we'll remember except for the block,
except for the comeback against the Golden State Warriors,
which Kyrie's the one that hit the three.
But you're going to remember so many memories of Michael.
So, I'll keep this short from my end.
And I'm not going to go through everybody.
Does anybody have?
Any thoughts on this story of LeBron retiring?
Not retiring, leaving the Lakers.
I agree with you.
I'm looking forward to it.
I kind of grew up on the Lakers.
I graduated high school when this young man from Michigan State
had played in this amazing NCAA final, Magic.
People forget that the first Magic and Bird big game was the NCAA final.
And then Magic gets drafted out of Michigan State.
And Indiana State.
And that's what I grew up on.
And it was purity.
And it was there.
And I loved it.
And I love the Lakers.
I have a ball signed by everybody from '87-'88, the back-to-back.
And I just became disgusted with the game.
I became disgusted with the league.
And then I became disgusted with the flop and everything that went with it.
And it took the joy out of a Laker fandom that was authentic for me.
I grew up in L.A.
And I grew up on this.
And I went to the old forum, the felt forum.
Chick Hearn saying, you know, the Lakers decorated in their forum blue and gold.
And then you hear this guy.
It's very funny.
You know the radio clip I'm talking about, Pat?
Yeah.
You hear the guy in the background goes, says, "You're drunk.
You're a drunk bum.
It's purple and yellow."
Because Chick Hearn used to say, "Decked out in the forum blue and gold."
I remember all that.
And I felt like LeBron and all he stood for and didn't stand for just kind of just kind of just tore my spirit.
And I felt like, like. I mean, I was like, "Oh, my God.
I'm not drunk."
And I'm looking forward to taking my old Tatter Laker T-shirt and taking things out of the closet and bringing back my fandom.
I do have an opinion on this.
Yeah.
Well, listen, to all the Laker fans out there,
it's now going to be Luka's team,
and hopefully they'll bring some other guys around them.
Who knows?
I think Anthony Edwards belongs in L.A.
I think him and Luka would do well.
I don't think either one of them have the killer instinct.
I'd like to see a killer instinct type of Kobe guy show up to the Lakers
that wants to win.
But back in the day, as Chickern used to say,
the game is in the refrigerator.
The door is closed.
The lights are out.
The eggs are cooling.
The butter is getting hard.
And the jello is jiggling.
anyways another great podcast guys thanks for this tomorrow night uh the debate uh gubernatorial
debate between fishback collins and reno will be done at 6 p.m if you're a member of the cigar
lounge you know you will be invited if you're not go to boardroomcigarlounge.com boardroomcigarlounge.com
and guys put the link below in the chat in the comment section for people to find
and another thing you need to know for the next three weeks we will not be doing podcasts three
days a week. We won't have a business podcast for the next three weeks. Podcast schedule will go to
Mondays and Thursdays for the next three weeks. Mondays and Thursdays for the next three weeks.
Put it in your calendar, Mondays and Thursdays. We are going to release some exciting interviews
that are coming out soon, but join us tomorrow night at 6 p.m. for the debate. And if you have
any questions you want me to ask, you can always connect me for us to address that. With that being
said, take care, everybody. I think we will do a podcast on Friday as well. God bless. Bye-bye.
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Podcast Summary
Key Points:
The Supreme Court's recent birthright citizenship ruling reflects a pattern where liberal justices consistently side with progressive policies, even when they contradict constitutional principles.
Conservative justices have repeatedly resisted attempts to expand executive power, showing a commitment to judicial restraint and constitutional interpretation.
Historical examples show that democrats have never sided with Trump on key Supreme Court decisions, instead voting in line with party ideology regardless of policy outcomes.
The ruling on birthright citizenship raises concerns about national security and long-term foreign influence, especially with China’s birth tourism and indoctrination models.
The Second Amendment is under increasing threat as left-leaning courts may impose stricter gun regulations, undermining a key pillar of American liberty.
A growing number of millionaires are emerging from passive investments, not entrepreneurship, signaling a shift in wealth creation driven by market trends rather than innovation.
President Trump’s reported crypto earnings, especially from meme coins, create political vulnerability and set a troubling precedent for executive financial transparency.
The long-term risk is that a democratically controlled Supreme Court will systematically undermine constitutional checks, enabling legislation from the bench rather than judicial interpretation.
Summary:
S. politics and judiciary, focusing on the Supreme Court's recent birthright citizenship ruling and its broader implications. It highlights a consistent pattern where liberal justices, including Sotomayor, Kagan, and Jackson, consistently side with progressive policies, even when it contradicts the founding principles of the Constitution.
" The birthright citizenship decision is framed as a national security risk, enabling Chinese birth tourism and long-term ideological infiltration. The speaker argues that conservative justices have consistently defended constitutional limits, while democratic blocs show ideological loyalty over policy rationality. On the Second Amendment, concerns grow over future restrictions that could erode gun rights, especially in liberal-leaning states.
Meanwhile, wealth trends show a surge in millionaires from passive investments, not entrepreneurship, raising questions about economic health. The president’s reported crypto profits from meme coins are criticized as a conflict of interest and a source of political ammunition. Ultimately, the narrative warns that a shift in Supreme Court control could lead to a system where judicial decisions reflect party ideology, not constitutional principles, threatening democratic stability and individual freedoms.
This long-term risk is presented as a critical issue for future generations.
FAQs
The ruling has sparked concern about potential loopholes allowing foreign nationals, such as Chinese citizens, to gain U.S. citizenship through birth tourism and then return to the U.S. to influence politics, raising questions about national security and constitutional intent.
Conservative justices often uphold constitutional principles and judicial independence, while Democrats have been observed voting in party-line blocs, suggesting a pattern of 'legislating from the bench' rather than interpreting the Constitution objectively.
Recent decisions show that conservative judges frequently side with the majority of citizens' rights and constitutional protections, while Democratic justices have consistently ruled against policies that limit executive or state authority, indicating a growing political divide in judicial outcomes.
There is concern that a left-leaning court may restrict or ban semi-automatic firearms, potentially undermining the right to self-defense, especially as such bans could disproportionately affect rural and conservative states with lower crime rates.
Most countries, especially in Asia and Europe, do not offer birthright citizenship, and allowing it could enable long-term foreign influence—such as through indoctrinated citizens—potentially altering U.S. demographics and political dynamics over decades.
The disclosure of Trump earning over $1 billion from crypto, including meme coins, raises concerns about conflicts of interest, political ammunition, and the perception of wealth accumulation during office, which may damage public trust.
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