SCOTUS Birthright Citizenship Ruling, Trump's Crypto Payday, AI Fails at Ford | PBD Podcast #826

Patrick Bet-David and the crew break down the Supreme Court's major ruling against Trump's birthright citizenship plan, why Ford is bringing human engineers back after AI failed, and the DOJ investigation into a China-linked billionaire accused of funding U. S. activist networks. Plus business, politics, and the stories shaping America. ----- 🧑‍🧑‍🧒‍🧒 HOW TO RAISE STRONG KIDS: FREE LIVE WEBINAR: https://bit.ly/4fRBuik ⚽️ SHOP THE USA 250 COLLECTION: https://bit.ly/4g0bfWY 🦁 THE VAULT 2026: AUG 31ST TO SEPT 1ST: https://bit.ly/4xU2SCW 😆 CHECK OUT VENTING WITH VINNIE: https://youtube.com/live/XTIx7FCjl_8 📕 BUY BRET BAIER'S CASE FOR AMERICA: https://bit.ly/4emcm24 🦁 SPONSOR THE VAULT 2026: https://bit.ly/4mFBPpw Ⓜ️ CONNECT ON MINNECT: https://bit.ly/4kSVkso Ⓜ️ PBD PODCAST CIRCLES: https://bit.ly/4mAWQAP 👔 BET-DAVID CONSULTING: https://bit.ly/4lzQph2 🥃 BOARDROOM CIGAR LOUNGE: https://bit.ly/4pzLEXj 🇰 KALSHI: http://kalshi.com/pbd SUBSCRIBE TO: @VALUETAINMENT @ValuetainmentComedy ABOUT US: Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of two boys and two girls. He currently resides in Fort Lauderdale, Florida.

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:14Speaker 00

  My handshake is better than anything I ever signed, right here.

• 0:18Patrick Bet-David?

  You are a one of one?

• 0:19Speaker 00

  My son's right there. I don't think I've ever said this before.

• 0:27Patrick Bet-David?

  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, "Wow, 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 10th, 2017, that this was it.

• 1:12Patrick Bet-David?

  Then when he got Brett Kavanaugh on October 6th, 2018, oh my God. Then we got Amy Coney Barrett, it's like, "Oh, they're going to rule everything in his favor. 100% of the time, they're going to rule in his favor. It's going to be like a, just a stamp, rubber stamp, just go ahead. He's going to get everything that he wants. And I'm going to 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 siding 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...

• 1:55Patrick Bet-David?

  Lawsuit challenging the 2020 election. Do you know all three Trump appointees declined to block or overturn the certified election? He gave them the jobs, they voted against him. They're like, nope, we're not doing this. Alright, I guess this, you know, court packing stuff doesn't work. Then when you go look at the couple of different things that just happened recently. The losses, the birthright citizenship 6-3. Look at the patterns. All three leftists ruled against him. 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 conservatives? Tom, can you give all the names? So we have Roberts.

• 2:33Tom Ellsworth?

  Correct.

• 2:34Patrick Bet-David?

  We have.

• 2:35Tom Ellsworth?

  Clarence Thomas.

• 2:36Patrick Bet-David?

  Clarence Thomas, Conny Barrett, Kavanaugh.

• 2:39Tom Ellsworth?

  Gorsuch.

• 2:39Patrick Bet-David?

  Gorsuch, and you look at the left, Katanji Jackson, Kagan, and we have Sotomayor, right?

• 2:44Tom Ellsworth?

  And Alito. Don't forget, yeah, Alito.

• 2:45Patrick Bet-David?

  Alito, and so watch this pattern. Trump versus Barbara, critical loss, okay? Democrats voted against it, no problem, 3-0. Let's see if they have the ability to reason. Policy and institutional wins, Little versus Cox, this is in West, He Cox and West Virginia. 6-3 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, 6-3.

• 3:27Patrick Bet-David?

  Decision striking down Hawaii's vampire rule that banned concealed carry permit holders from entering private businesses without an explicit posted invitation. All three Democrats against it. NRSC against FEC, 6-3 decision striking down federal limits on how much national political parties can spend in direct coordination with their candidates, 6-3. This one, we may not even be for it. 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?

• 3:54Tom Ellsworth?

  That's bad for small independent candidates.

• 3:55Patrick Bet-David?

  It is, it is. So Blanche versus Lau, another 6-3, Democrats against it. Then you go E. Jean Carroll, all three Democrats voted. He lost, I think he has to pay like $5 million. Federal Reserve Independence, 5-4, all Democrats against it. Election Logistics, all Democrat again. If you look at one pattern, this is what you'll notice. You will notice, there's 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, a lot of people would even say Trump had a pretty good record with the Supreme Court. A lot of things got done.

• 4:37Patrick Bet-David?

  Roe, you know, the whole Dobbs with Roe 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, you know, what I want to talk about with this. It's long-term. What happens if this is 6-3 the other way around? That's all I want you to think about. Cause it's gonna happen. It's gonna happen in the next 5, 10, 15, 20 years. When that day comes, what'll take place? Cause 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.

• 5:20Patrick Bet-David?

  Democrats are gonna be like, no, I'm siding with my party. Every single time over what's actually good and right for the country. If we go back 6 years ago, if the ruling was the other way around, if Democrats had controlled the Supreme Court 6-3, 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. 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 completely different side.

• 6:02Patrick Bet-David?

  Many of the 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 a 29 year old socialist also won yesterday over another person that was on their 15 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.

• 6:47Patrick Bet-David?

  That's very good news. Future looks bright. Finally, the day I find that he's on another team, you're gonna see me do that podcast in a Laker jersey. Cause 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 it. LeBron is like, let me just go get something and come over here and, you know. So we'll see where he's gonna 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.

• 7:29Patrick Bet-David?

  The producer, Uwe Bolz, that's 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 gotta 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.

• 8:13Patrick Bet-David?

  One of the greatest annuities ever of a guy that negotiated. Good for Bobby Bonilla. Uh, and then aside from the Mexico World Cup, shambles. 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. Kaochi got a 20 million dollar deal with the World Cup.

• 8:35Patrick Bet-David?

  And uh, if you think 20 million, that's by the way, nothing. That's a steal for Kaochi 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 Kaochi.

• 8:47Tom Ellsworth?

  There's a rumor out there that there uh, have a 40 billion dollar valuation.

• 8:51Patrick Bet-David?

  Not a bad valuation. Not a bad valuation.

• 8:54Tom Ellsworth?

  Uh, no confirmation yet, but that's a big number.

• 8:57Patrick Bet-David?

  It's not bad. By the way, there was a Simpsons episode 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 completely different story we'll get into. 1,200 new millionaires every day last year, 2025, according to Wall Street Journal. Then yeah, Mackenzie Scott gave 26 billion dollars of Jeff Bezos' money to charities last year. And which means who is really more charitable, Mackenzie or Jeff Bezos? And it, the, the number, the dollar some places it 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.

• 9:43Patrick Bet-David?

  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 Mackenzie, why are we supporting different things? But the state is taking care of it anyway.

• 9:53Tom Ellsworth?

  Yeah, then knock off the email with your hand up.

• 9:57Patrick Bet-David?

  And then fourth is rehiring 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 dollars 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 Singum. That has to do with Kevin O'Leary and AI data centers. So, so we got a lot of stuff to go through here. Having said that, today's last day, today at 6:00 PM, July 1st, 6:00 PM today, we are hosting the fatherhood webinar on how to raise strong kids in a bad society and a weak culture. If you haven't yet registered, this is your last chance.

• 10:42Patrick Bet-David?

  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.

• 11:10Tom Ellsworth?

  Well, birthright citizenship, I think, is, 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, that basically 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, "Ah, child," you know,

• 11:52Tom Ellsworth?

  and, and then we've got, we have a future citizen sitting there 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 Contagion Jackson, Sotomayor, and Kagan, why do they go the way they're, because the Supreme Court's job is to interpret

• 12:34Tom Ellsworth?

  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, 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 argument for and against. How do we interpret this to the Constitution?" And that's what the Supreme

• 13:15Tom Ellsworth?

  Court was to do, to write opinions that said, "Interpreting the Constitution and this precedent, this precedent, this precedent, we feel this way." No, they are in cre-- and this is why you hear Democrats in Senate and Congress, "Why can't we just stack the Supreme Court?"

• 13:28Patrick Bet-David?

  Yeah.

• 13:29Tom Ellsworth?

  Because they just see it as a rubber stamp on what they want, and they don't want what's in our Constitution.

• 13:35Patrick Bet-David?

  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 a hundred thousand to two hundred thousand dollars, saying, "Have a kid there. We'll bring-- so now as a US citizen, bring him back to China, indoctrinate him, then send him back to US." And who knows, in 40, 50 years, maybe they can get involved in politics and change policy. America, we

• 14:16Patrick Bet-David?

  think short term. We think five, 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?

• 14:26Speaker 03

  So number one, I think the 14th Amendment, we have to look at 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

• 15:08Speaker 03

  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.

• 15:18Patrick Bet-David?

  Snyder.

• 15:19Speaker 04

  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 US 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 are really just US voters because they're, they're natural, they're citizens. Suddenly, the entire demographic of the voting, of voting public changes. And suddenly, it's

• 16:04Speaker 04

  a completely different story. So this is, he's really, he's really got something important here. And to Tom's point, it's, it's about, yes, the conservative, I hate that the fact there's a conservative and liberal bloc, because it 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 loopholes in the constitution, loopholes in the laws, that maybe we need to look past all that and realize, as you said, this is not, this is not applicable to the circumstances that we have. And we maybe, maybe need to take a more pragmatic approach.

• 16:40Patrick Bet-David?

  Let me ask you, here's a question for you. Does China have birthright citizenship?

• 16:44Speaker 03

  I don't believe so.

• 16:45Speaker 04

  Not at all.

• 16:46Speaker 03

  What other?

• 16:47Speaker 04

  No, they're very tight.

• 16:48Speaker 03

  Europe, European countries do have it.

• 16:50Patrick Bet-David?

  Outside of European countries?

• 16:51Speaker 04

  Very few.

• 16:51Patrick Bet-David?

  Which one of our enemies has birthright citizenship?

• 16:54Speaker 03

  They don't.

• 16:55Patrick Bet-David?

  So why are we offering that to them? What, 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? Why, what, why, 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 automatics for nearly everyone? Who doesn't allow it? Who doesn't allow birthright citizenship?

• 17:27Speaker 04

  First statement, vast majority.

• 17:29Patrick Bet-David?

  Vast majority don't allow. Okay, UK, France, Germany, Italy, Spain, Portugal, Netherlands, Belgium, Switzerland, Norway, Sweden, Denmark, Poland, Czech, Australia, don't allow.

• 17:40Speaker 04

  Most of the countries in Asia.

• 17:42Patrick Bet-David?

  Japan, China, South Korea, India, Singapore, Malaysia, Indonesia, Thailand, Vietnam. Go to, go lower. Israel, South Arabia, 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.

• 18:02Speaker 04

  Pat, those were only partial lists too. The full list is much bigger.

• 18:05Speaker 03

  Also, there is an argument in that the Supreme Court could have taken that is, that does justify us not giving citizenship, which is like jurisdiction thereof. In other words, the, 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.

• 18:28Speaker 04

  Wasn't that the argument that Contagi Brown was making or Jackson was making about?

• 18:32Speaker 03

  He's being against it.

• 18:33Speaker 04

  Right, if you get arrested in Japan, where's my allegiance? That, that whole thing, I mean.

• 18:37Patrick Bet-David?

  Yeah, I remember that. That was like six weeks ago.

• 18:38Speaker 04

  Yeah.

• 18:39Patrick Bet-David?

  I saw that, yeah. So Brandon, where are you at with this?

• 18:42Speaker 05

  Oh no, it's horrible. I mean, we just had the, the mayor in California that was found to be a Chinese spy. So I mean, stuff like that's right in our faces.

• 18:49Speaker 04

  Is that Glendora or something?

• 18:50Speaker 05

  Uh huh. Yeah, so I mean, who knows at what level that could be happening at? And I really don't like the amount of power the Supreme Court has like 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 US no matter how crazy it is. So like, 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.

• 19:18Speaker 03

  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. And 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 can push through, you know seamlessly.

• 19:32Patrick Bet-David?

  You're you're 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?

• 19:40Speaker 03

  Because a lot of people hate our country.

• 19:41Patrick Bet-David?

  So what if what if they said the following, what it 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 at with anybody.

• 20:08Speaker 03

  It's an adversary.

• 20:09Patrick Bet-David?

  It's an app. Yeah. Why am I letting you do it? But 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% of market share in China in 2024. It's at 5% right. So we went from 12% to 5%. 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 ourself. 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.

• 20:48Patrick Bet-David?

  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.

• 21:02Speaker 03

  If you were trying that, why wouldn't you do that?

• 21:04Patrick Bet-David?

  There's a loophole for them, big way, big loophole.

• 21:07Speaker 03

  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, or 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.

• 21:52Patrick Bet-David?

  What was that clip that you had of Katanji Brown? Can you go to it on what her argument was? If I steal someone's wallet in Japan to Japanese authorities can arrest me and prosecute me, I'm still locally owning, owing allegiance in that sense.

• 22:04Tom Ellsworth?

  That's not allegiance, that's legal jurisdiction.

• 22:07Patrick Bet-David?

  Yeah, that is such a-

• 22:08Tom Ellsworth?

  You're not, you're the opposite of allegiance. You went over there to commit a crime in Japan, showing no allegiance to the local laws.

• 22:17Patrick Bet-David?

  Yeah.

• 22:17Tom Ellsworth?

  And they bunk you on the head and put you in jail.

• 22:19Patrick Bet-David?

  But, but, but the, but the one part that we have to pay close attention to is when I went to Brazil, and we were in Brasilia, and I'm interviewing Jair Bolsonaro, okay? The interview is in the third hour. At this point, he's emotional, he's crying. Guy comes in,

• 22:37Patrick Bet-David?

  taps on his back, and he's getting irritated because he's in the middle of a story, says, no, we gotta 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. I said, 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. It's going to happen. When they do, they are way more united than our guys are. Way more united on their ideology.

• 23:09Speaker 04

  Well, it's a fundamental precept 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.

• 23:19Patrick Bet-David?

  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, City will decide later this year whether state bans on the possession of AR-15 firearms and similar semi-automatic 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 US history, including, again, this is an ABC story, including Sandy Hook Elementary in Newtown, Connecticut, and 2012 in Uvalde, Texas. So what's your concern with this one here, Elon?

• 23:54Speaker 03

  I'm a big Second Amendment guy. I think the data just doesn't support bans of AR-15s. It didn't reduce homicide in the states where it was applied. The vast majority of homicide is coming from handguns just off the bat. And in the conversation of handguns, the vast majority of that is coming from illegally obtained firearms.

• 24:10Patrick Bet-David?

  Illegally.

• 24:10Speaker 03

  Illegally obtained. Over 80% 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, especially as you talk about as the courts become more left-leaning over time, that could really be...

• 24:51Patrick Bet-David?

  Enjoy your AR-15 because the moment these guys take control on the left, you'll see what happened there. Tom, why is it, if their concern is 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?

• 25:09Tom Ellsworth?

  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, a good standing, you're not a felon, and you're not on probation. Even if you're on probation for like reckless driving and DWI, you have to step back from your carry right. But 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.

• 25:52Tom Ellsworth?

  And so, when you go take a look, and look, here's the gun homicide rate.

• 25:55Speaker 03

  In city, look by city of gun homicide rate, it's all left-leaning state. If they go by, oh, let's look at the states, look at the cities.

• 26:02Patrick Bet-David?

  Twenty-three out of twenty-seven.

• 26:03Tom Ellsworth?

  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, 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. But I am a Second Amendment person. And what they wanted to do with the AR-15, there were, there were AR-15, you know, shaped and modeled weapons that were less powerful than the .30-6 that all take out deer hunting. And so, the question is, is it automatic or non-automatic?

• 26:46Tom Ellsworth?

  I think that should be the thing, and we should be very disciplined about, you know, I, I, you know, where criminals get illegal guns will be things that 2A advocates, I disagree with. One thing, I mean, you, you can't have, you can't have trunk sales. You gotta have ways.

• 27:04Speaker 03

  So few of the actual guns that are obtained illegally are bought at like loophole events and through trucks. That's always a red herring.

• 27:12Tom Ellsworth?

  I just think there just needs to be, there just needs to be sensible controls. And, and it's basically, do you have an ID? You know, how did you buy that? You know, that's very simple to me. You know, not deep background checks that start to be a hidden.

• 27:27Speaker 03

  Database.

• 27:27Tom Ellsworth?

  A hidden COBRA.

• 27:28Patrick Bet-David?

  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?

• 27:36Tom Ellsworth?

  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?

• 27:46Patrick Bet-David?

  What would happen?

• 27:47Tom Ellsworth?

  You would, in the, the gangs would still be after the gangs, but perimeter crime would drop.

• 27:54Speaker 06

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• 30:07Patrick Bet-David?

  Jeff.

• 30:08Speaker 04

  Virginia. What happened in Virginia after the election last year? One of the first things that the new governor did, Spanberger, he went after guns. I mean, that's what they're gonna do. 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 where they're coming from.

• 30:42Tom Ellsworth?

  Yeah.

• 30:43Speaker 03

  It's always emotional appeals also. It's always like, you don't care about the dying kids.

• 30:48Speaker 04

  The children. It's always about the children.

• 30:49Speaker 03

  And I'm like, I fundamentally believe this will result in less dying kids. That's my argument.

• 30:54Speaker 04

  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 a criminal, like you said, if a criminal is afraid that everybody is armed in that population, you have sort of like herd immunity.

• 31:22Tom Ellsworth?

  Right. The preponderance of deterrent protects the entire populace.

• 31:27Speaker 05

  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 population has guns, the government won't overstep our boundaries because they know that we're well armed. Like, 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 weapons, obviously. But, yeah, it's not an accident that we're the only country in the world that has, you know, the right to bear arms and the right to have free speech completely, without any asterisks next to it.

• 32:03Speaker 04

  Well, if this was a common sense argument about actual data and evidence, there would be no such thing as gun-free zones, right?

• 32:09Tom Ellsworth?

  Yep. Yeah, which is the most dangerous place.

• 32:12Speaker 04

  Right, exactly.

• 32:13Speaker 03

  Also, the very same people who say that they're not scared of the government... and that you should trust it 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 changed their mind on that after covid I think that shifted a lot

• 32:38Patrick Bet-David?

  what's the likelihood you think the next 10 years supreme court if it's a majority left they come after second amendment

• 32:45Tom Ellsworth?

  I think it's 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

• 32:57Speaker 03

  regulated

• 32:57Tom Ellsworth?

  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 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

• 33:29Speaker 03

  but that's what the left accuses trump of being a fascist who's a threat to democracy

• 33:33Patrick Bet-David?

  so so let me ask you when that does happen how the hell they're gonna confiscate

• 33:37Speaker 03

  well that's

• 33:38Patrick Bet-David?

  how the hell they're gonna confiscate go ahead it's gonna you know what's gonna happen it's gonna 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 gonna look mr. Ellsworth we're here to take your guns

• 33:55Tom Ellsworth?

  what are you gonna tell

• 33:55Speaker 03

  tougher counterpoint though you know

• 33:57Patrick Bet-David?

  I lost them what do you mean you lost them 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 gonna come back and attack me because I got some threats where did you get some threats random phone calls I mean what are you gonna do when they come and do it's gonna 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 the other day.

• 34:25Speaker 04

  Hundreds of millions, yes.

• 34:26Patrick Bet-David?

  I think about 300 million, it may be a bigger number. Can you pull up the number?

• 34:29Speaker 05

  I think it's like 170 million.

• 34:31Speaker 03

  I'm about 25 of those 300.

• 34:32Patrick Bet-David?

  You are? The thing that sucks though is that's 500 million civilian-owned firearms.

• 34:38Speaker 04

  Half a billion guns.

• 34:39Speaker 03

  It's crazy.

• 34:40Speaker 04

  That's not enough.

• 34:41Tom Ellsworth?

  The late P. G. O'Rourke said, "When the government comes for guns, they better bring ladders because we'll all be on the roof with them."

• 34:50Speaker 05

  The difference between that and the illegal immigrants though is this is well documented, especially in liberal states, which that part sucks. The people who did it the right way, well, it would be very easy to see how many guns

• 34:58Patrick Bet-David?

  for them to get it done, but confiscating to me, how are they gonna do it?

• 35:03Speaker 03

  Conservative states.

• 35:03Patrick Bet-David?

  Go visualize confiscating in Texas.

• 35:06Speaker 05

  I'm visualizing a world where...

• 35:07Patrick Bet-David?

  Hey Billy Bob, we're here to take away your shotgun.

• 35:11Speaker 05

  How about AI law enforcement though?

• 35:12Speaker 03

  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, I can own like a, then they say, oh, you don't actually have a right to self-defense like Canada said.

• 35:28Speaker 04

  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 enforce the ban, this is unenforceable." There will be a wave of civil disobedience and it will be pretty substantial, which is one reason why they want to go to the Supreme Court.

• 35:44Patrick Bet-David?

  And I think that'll be, I think that'll be a way a lot of states will recruit as well. A lot of ways, 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.

• 35:59Speaker 04

  Oh, look at the headline, "Governor Spanberger Signs Legislation to Protect Families, Kids, Families and Kids."

• 36:05Tom Ellsworth?

  It's always about the children, the ones we didn't abort.

• 36:07Speaker 03

  Give up your rights, the million we per year that we don't.

• 36:10Patrick Bet-David?

  All right, let's go to the next story. Next story, Wall Street Journal. Let's go to the next story, Wall Street Journal, "US Added 1,200 New Billionaires a Day Last Year." America Knows How to Manufacture Millionaires, Over 440,000 People or More Than 1,200 a Day Became Millionaires in 2020." 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 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

• 36:52Patrick Bet-David?

  globally, rising at a 7.3% clip over the last five years were those with 50 million to 100 million in wealth. The US gains have come thanks in large parts to surging financial markets while UBS includes property values in its calculation. Financial assets like stocks, bonds accounted for 79% of wealth in the US. The data also shows that progress hasn't been evenly distributed while average wealth per US adult climbed by 10% between 2020 and 2025. Net of inflation median wealth fell by 20%. As a mature market, the 1.9% growth of US millionaires wasn't the highest. Eastern European countries topped the chart. Lithuania added 921 millionaires at an 8% growth rate. Folks, let's move to Lithuania.

• 37:36Patrick Bet-David?

  So Tom, you hear a story like this. How do you react to this?

• 37:39Tom Ellsworth?

  Well, what they said was 79% of that was related to investments. So if you take a look at 401ks, they have a lot of ETFs and a lot of index in there because your company only gives you a few selections and people that have IRAs. Last year, the S and P 500, SPY, that's an ETF, 17, actually 18%, 2024, it was up 24%. So take a look at this. If you had 600,000 in your savings, you would have had another 150, so 750, and then you would have had 825. So the last two years have been incredible. And the NASDAQ 100,

• 38:21Tom Ellsworth?

  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 and P. 500 and 79% of the millionaires were coming from this. So guess what? At a time where people's, you know, IRAs were up to 6, 700,000 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% trailing value creation since 2021, I believe it is? Yeah.

• 39:05Tom Ellsworth?

  Yeah, it's been bonkers. So guess what? That also counts. 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.

• 39:23Patrick Bet-David?

  Jeff?

• 39:23Speaker 04

  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, what we really want to see from new millionaires, not people who are passively invested in the stock market as stock market systemically rises. Not that that's a bad thing, not that 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, or supposed to lead into such a situation like that. So millionaires from the stock market, not a bad thing. But it's, again, conflicted on it a little bit.

• 40:08Patrick Bet-David?

  Let me tell you, if you're watching this, you're not in a market. You're, guy asked me a question yesterday on my neck, 31 years old, married, one kid. He said, Pat, I'm really worried because I only have 90 to 100,000 dollars. 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% 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 a market. Why? For decades, people have tried to time the market and they have failed.

• 40:48Patrick Bet-David?

  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 in Renaissance Technologies. You gotta 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 ways 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 her on 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.

• 41:30Patrick Bet-David?

  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. But most people don't get lucky, timing it. Brandon, your thoughts on this?

• 41:48Speaker 05

  Yeah, I think it's a little bit misleading because, you know, it makes it sound like the country's doing great in terms of like 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, you know, 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 have, you know, own a house and have a 401K, you know, that's obviously inflated by the cost of living. That's some currency devaluation, but you know, it's gotta defend yourself in the reality that you live in. So the best way to do that is to own assets like stocks and mostly stocks, not bonds probably these days. But yeah, I totally agree with you.

• 42:33Speaker 05

  It's like the overwhelming data on that.

• 42:35Speaker 03

  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 5,000. 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.

• 43:21Speaker 03

  As you are going to see through slow and steady investments.

• 43:24Patrick Bet-David?

  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.

• 43:43Patrick Bet-David?

  Jacopo was his name. It 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, was there for 28 years. And a manager was Jacopo. One of my guys went and 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. Says, really? Yeah. $60 a month, even a term he didn't want to get.

• 44:27Patrick Bet-David?

  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.

• 44:35Speaker 03

  Oh, my God.

• 44:36Patrick Bet-David?

  Stop it. Yep, he died last night. Wife doesn't speak English, three kids, what is she gonna 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 were 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?

• 45:04Speaker 04

  Never.

• 45:04Patrick Bet-David?

  Nah, you don't go to the doctor. In your thirties, yeah, I guess I'll do my, in your forties, it's like your best friends are doctors. You're spending time.

• 45:11Speaker 04

  colonoscopy.

• 45:12Patrick Bet-David?

  All these other things you have to do. And then you're like, how the hell did this happen? Like this, you're forty-seven, like this, you're fifty-seven, like this, you're sixty-five, like this, you're seventy-five. 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.

• 45:35Speaker 04

  And stick to it.

• 45:36Patrick Bet-David?

  Don't wait for it.

• 45:36Speaker 04

  Stick to it.

• 45:37Patrick Bet-David?

  Yeah, stick to it. It was a conversation we had last week.

• 45:38Speaker 04

  And don't panic.

• 45:39Patrick Bet-David?

  Which was a, which was a funny conversation. All right, let's go to another person. This, this other story here that came about, I know this is a big story that we gotta 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, the billion dollar mining deal.

• 46:01Speaker 04

  Oh, seven.

• 46:02Patrick Bet-David?

  Is it page seven?

• 46:03Speaker 04

  Yep.

• 46:03Patrick Bet-David?

  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 million, 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, uh, according to his personal financial disclosure released on Tuesday, the personal financial disclosure showed that the president earned at least five hundred twenty-four million dollars from the sale of cryptocurrency tokens through Trump Connected World Liberty Financial. The president's disclosure also listed earning at initial six hundred thirty-six million dollars from CIDC Digital LLC and an official of the Trump Organization. Majority, which came from a six hundred thirty-five million dollar licensing agreement with celebration coin for the sale of President Trump's meme coin.

• 46:45Patrick Bet-David?

  The more than nine hundred 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, I'll come to you first.

• 46:57Speaker 04

  I hate, I hate this, I really do. I mean, uh, he's doing himself no favors here. Yes, I understand it's a lot of money, but in, 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's, 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.

• 47:40Patrick Bet-David?

  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 Biden, Biden set the tone. Well, he has immunity.

• 47:49Speaker 03

  Well, there's no crime being.

• 47:51Speaker 04

  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. You should put that aside and say, look, for the good of the country, I should probably be squeaky clean because they're going to come after me for everything I do.

• 48:05Patrick Bet-David?

  Stephen A. Smith did a clip the other day. He says, how the hell did the Clintons and Obamas network go to hundreds of millions of dollars?

• 48:11Speaker 04

  Book deals.

• 48:12Patrick Bet-David?

  How did that happen?

• 48:13Speaker 04

  Book deals.

• 48:14Patrick Bet-David?

  How did it happen?

• 48:15Speaker 03

  Of course. Every politician makes hundreds of millions of dollars.

• 48:16Patrick Bet-David?

  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?

• 48:25Tom Ellsworth?

  On the crypto and meme coins?

• 48:27Patrick Bet-David?

  Yes.

• 48:28Tom Ellsworth?

  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.

• 48:38Speaker 04

  Bigger things.

• 48:39Tom Ellsworth?

  Filibuster done. And, and, you know, I want, you've heard me, I'm gonna 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 used the time on. Now, 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 giving the enemy ammunition, even if they're full of crap and they're, and they're making wrong headed 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.

• 49:23Tom Ellsworth?

  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.

• 49:34Patrick Bet-David?

  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 Obamas got such a high net worth. Go for it.

• 49:45Speaker 06

  I'll confess something to y'all. Clinton was a lawyer in Arkansas, grew up poor, relatively broke. How the hell him and the Clinton Foundation is worth hundreds of millions of dollars beats me? This episode is brought to you by Indeed. You're ready to level up your business, but the pressure to find the right person to make that happen is intense. Indeed sponsored jobs can help carry the load. It boosts your job post to help it reach quality talent fast. Cut through the chaos with Indeed sponsored jobs. Get a $75 sponsored job credit at indeed.com/podcast. Terms and conditions apply. Hiring now? Then this is a job for Indeed sponsored jobs.

• 50:27Speaker 07

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• 50:57Speaker 03

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• 51:24Tom Ellsworth?

  How many discounts does USAA Auto Insurance offer? Too many to say here. Multi-vehicle discount, safe driver discount, uh, new vehicle discount, storage discount?

• 51:35Speaker 06

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• 51:45Speaker 03

  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 gotta double check that.

• 51:56Speaker 03

  How the hell you depart from office if you work over 200,000 hours?

• 52:01Speaker 03

  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 something to you.

• 52:16Patrick Bet-David?

  Impossible right there.

• 52:17Speaker 03

  Yeah.

• 52:17Patrick Bet-David?

  Do you have a problem with that?

• 52:19Speaker 03

  Well, I'm far more scared of the politician whose net worth increased a thousandfold than the one who was a billionaire and made another billion, to be honest with 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 when at an ethical level, if you're the President of the United States, you know this is gonna be a trend that's gonna...

• 52:39Patrick Bet-David?

  I'm not a fan of meme coins at all.

• 52:40Speaker 04

  A perception level.

• 52:41Patrick Bet-David?

  Zero with meme coins for me.

• 52:42Speaker 04

  It seems like a scam. So, again, he's setting himself up to be...

• 52:46Speaker 03

  Meme coins are...

• 52:47Speaker 04

  Yeah, they are.

• 52:48Patrick Bet-David?

  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.

• 52:52Speaker 04

  People associate them with rug pulls and scam... I mean, there's an argument here that Trump's coin was a rug pull too. So, it's just, it's so, it's not worth it. It's really not worth it.

• 53:01Speaker 03

  Yeah, and the vast majority of it came from meme coins. So, yes, it doesn't sit right with me. 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 main concern, but...

• 53:17Speaker 04

  You mean the Biden approach?

• 53:18Speaker 03

  The Biden approach.

• 53:19Patrick Bet-David?

  Brandon, your thoughts?

• 53:20Speaker 05

  Yeah, I remember originally when he was running for a 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 mon- 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 into politics so I I felt much better with Trump being a billionaire going into politics for that reason. Now if you're going in and you're in not making a lot of these changes that people wanted you to make where he's not going after the deep state as much as people want him to but he is doing the things that the the deep state did.

• 54:06Speaker 05

  Like at least if you're gonna 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.

• 54:18Patrick Bet-David?

  This is gonna be the greatest list hit hits that they're gonna do. You're gonna see this on ads, you're gonna see this on Major League Baseball playoff ads. On how money was made, you're gonna see how Don Jr. Every one of them, you're gonna see all of it everywhere. AOC, Newsom, whoever it is is gonna be campaigning around this.

• 54:35Speaker 05

  And a lot of people said that he cared more about money than his legacy. Like I argued with Scaramouch 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.

• 54:46Speaker 03

  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 will 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 in being like I can make a Trump coin. I could be the guy who was the Trump coin make millions of dollars. Everyone's gonna 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.

• 55:10Patrick Bet-David?

  To be to be honest with you, between zero to 10, how much do you think he understands what Bitcoin is? What Ethereum is and what meme coins are?

• 55:20Speaker 03

  Yeah.

• 55:20Patrick Bet-David?

  Zero to 10, what do you score it?

• 55:22Speaker 03

  One to two.

• 55:23Patrick Bet-David?

  Tom, where do you put it? Three. Where do you put it?

• 55:25Speaker 05

  Same.

• 55:26Patrick Bet-David?

  Okay, so I you know to me it's more like advisors came, hey, we can do this. All right, you 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.

• 55:39Speaker 04

  I still think he should have turned it down.

• 55:41Patrick Bet-David?

  I think you gotta be very, very, very careful with it. Cause 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 23.

• 55:55Speaker 04

  You cede the high ground, right?

• 55:56Speaker 03

  Percentage of net worth increasing.

• 55:58Patrick Bet-David?

  But let's also not fool ourselves, he never campaigned on high ground. You know what I'm saying? He never campaigned on.

• 56:07Speaker 04

  I'm not sure that's a good argument though. No, but also this is why.

• 56:10Patrick Bet-David?

  I know it's not, I'm just telling you, that was never his campaign. That was, that was.

• 56:15Speaker 04

  Yeah, you do know what you're getting with.

• 56:16Patrick Bet-David?

  That was Pence's campaign, a man of value. That was all the, that was never this guy's campaign, okay? If you ever watched a movie, 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, alright, so let's get to the next story. Next story I want to get to is this Mackenzie Scott, 26 billion dollars she's given to charity after her divorce. Okay, she left Bezos, they got a divorce, I think she ended up marrying a schoolteacher, 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,

• 57:01Patrick Bet-David?

  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 Mackenzie 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 down exactly where the money went to, maybe it's in here, if it's not, you may want to look for that. So Mackenzie, 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,

• 57:43Patrick Bet-David?

  thinks Scott's given is actually making the world worse off. On June 27, puberty. A major viral media and social news brand posted on X that Scott's giving $26.3 billion 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 replied 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

• 58:25Patrick Bet-David?

  most richest man in the world, yet he's been outspoken about how supposedly hard philanthropic 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 that he thinks it's simply 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?

• 59:09Tom Ellsworth?

  Well, I completely agree with that. It's, you know my giving, I find it very, very difficult to ensure that the dollars go where they say. I mean, right now, there are, and I can show you the watch lists, there are things out there where they're cautioning people about organizations that really aren't helping Venezuela. And I'm going back and forth on the next, 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 somehow get relief to her, but we've done research

• 59:53Tom Ellsworth?

  and we can't find the good agencies or someone doing it, we've been warned off of the ones we found. There is a perfect example. Now, take the organized crime of 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 on the dollar actually gets to save the whales. You know? It's horrible. And so, what I look at, from what 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.

• 1:00:34Tom Ellsworth?

  But getting actual goodness to help people that are truly in need, that you wanted to help them with something, 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 girls' school, or whatever it was, in Africa, and then the whole thing falls on its head. Excuse me. Was it, it was Gates.

• 1:01:16Tom Ellsworth?

  Wasn't Gates did the computer labs at public schools in the United States? And those failed. So it's very, very hard to get the traction done, to have something sustainable.

• 1:01:26Patrick Bet-David?

  Yeah. Let me just read this, and I'm gonna give you a book recommendation. Number one, $275 million 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 went to the Trevor Project for the LGBTQ youth. Okay? Transgender youth. $1.2 billion for racial equity education.

• 1:01:46Tom Ellsworth?

  Big one.

• 1:01:47Patrick Bet-David?

  Wow. $586 million to racial justice groups, including Movement for Black Lives. $163 million to LGBTQ organizations, including Transgender Law Center.

• 1:01:59Patrick Bet-David?

  133 million to gender equity, 125 million to climate change, 200 million to open border immigration groups. Are you kidding me?

• 1:02:08Speaker 04

  Well, this isn't charity. It's political donations.

• 1:02:11Patrick Bet-David?

  Of course it is.

• 1:02:13Speaker 04

  So she gets to call it charity and look like she's helping society, but...

• 1:02:16Patrick Bet-David?

  This is not. Elon, your thoughts on this?

• 1:02:18Speaker 03

  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 measurable difference. I do think in cases like this, it's just a loophole to fund these organizations that then go and affect social policy, social engineer our society. So I think that's the exact...

• 1:02:36Patrick Bet-David?

  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's wife. With her 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 same type of organizations. The people who didn't build it, end up giving the money to organizations that are all this leftist organizations.

• 1:03:03Speaker 04

  You know where that money didn't go? Why didn't she want to pay taxes?

• 1:03:07Speaker 03

  Well, that's the loophole here. You get to put the money where charity is.

• 1:03:10Speaker 04

  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.

• 1:03:17Speaker 03

  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...

• 1:03:25Speaker 04

  You're assuming that she wants to do it honestly.

• 1:03:27Speaker 03

  No, that's what I'm saying. If 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. So tricky now.

• 1:03:39Speaker 04

  But even people who do have an honest, honest, 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.

• 1:04:06Speaker 05

  It's like a trillion dollars a year. We looked at that when I'm... What was the name of that organization that was doing the international operations that I mean I must start poking at before like there's a whole ecosystem of money that's essentially invisible that funds things like protests and fake psy ops so it's it's a huge political mechanism to like kind of shape like how society thinks and like shape the results on the ground so there like I think it's by design it's it's very invisible but it's like the primary way to launder money.

• 1:04:35Patrick Bet-David?

  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's ex. Not ex, Steve Jobs's widow. 5 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 gonna do? What are you gonna do? This is their money. They can do whatever the hell they want to do with their money and the current system. It tells me you need a prenup and a real prenup.

• 1:05:19Patrick Bet-David?

  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 Kurt, if you haven't yet. It'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 happened 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 a postnuptial setup in place and 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.

• 1:06:02Speaker 03

  Yeah.

• 1:06:03Patrick Bet-David?

  I'm telling you right now, don't get married and 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 gotta give this money and that money. No, I I think you got, by the way, the same thing applies with kids. If you if you have a, you know, we had Morgan and Morgan on, 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 gotta 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?

• 1:06:43Patrick Bet-David?

  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 gonna have this thing set up. We worked our tails off to create this wealth. You gotta 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?

• 1:07:21Patrick Bet-David?

  Uh, you want me to tell you how many thousands of stories I know of men that worked their tails off to build a business and they were taking for everything they had?

• 1:07:29Speaker 03

  Yeah.

• 1:07:30Patrick Bet-David?

  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 forty percent? Forty percent of divorces right now in America are baby boomers. Did you know this?

• 1:07:46Speaker 03

  I do not.

• 1:07:47Patrick Bet-David?

  I'm sorry, forty percent of divorces right now in America are over fifty years old.

• 1:07:50Speaker 03

  And it tripled among sixty-five year olds and over.

• 1:07:52Patrick Bet-David?

  It tripled in baby boomers category. So why are boomers getting a divorce? Think about that. Why are boomers, Tom, why are boomers getting divorced? Why are boomers getting so many divorces?

• 1:08:04Tom Ellsworth?

  Well, to be, to be honest with you, I think there's a correlation. This is my unscientific observation.

• 1:08:10Patrick Bet-David?

  Here we go.

• 1:08:11Tom Ellsworth?

  But 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 and statistics that are out there. I think there's contention that is happening as the boomers age, and I think there's, there are ideological splits that are happening. I think that's part of it.

• 1:08:36Patrick Bet-David?

  Tom, it sounds like you're blaming Trump.

• 1:08:37Tom Ellsworth?

  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, are all of them single? Are all of them single and angry? Or, or are some of them married? And what does that do to the relationship? So that's my unscientific observation, Pat.

• 1:08:56Speaker 05

  I have a different theory.

• 1:08:57Tom Ellsworth?

  Go ahead.

• 1:08:58Speaker 05

  And totally just spitball and speculation. Maybe it's because, you know, once the kids are 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.

• 1:09:09Speaker 03

  Yeah, but you'll see them, you wouldn't see a triple digit, you wouldn't see a triple jump amongst 65 and older. I think it's becoming more socially acceptable, number one, to get divorced. 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 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 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.

• 1:09:46Speaker 04

  You know, I think it's lack of support structure. Outside of the church, outside of, 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're completely disconnected from our neighbors, too. 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 it 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.

• 1:10:28Speaker 03

  Yeah.

• 1:10:28Patrick Bet-David?

  Yeah, and look, common values. I, I, I would, my sister and my brother-in-law, when they got married, my sister's Christian, he was Bahá'í. And Bahá'í is, I don't know if you're familiar with Bahá'í or not.

• 1:10:41Speaker 03

  I just saw a video on it, like, two days ago.

• 1:10:43Patrick Bet-David?

  On Bahá'í, okay, great, so Bahá'í, great family. The wedding, they have two services. So they did a Christian service, and they did a Bahá'í service at their wedding. We're like, whoa. But guess what? Even though it was Bahá'í and Christian, the values was 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, Siamek, who was Bahá'í, 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.

• 1:11:27Patrick Bet-David?

  And we were together, we would, so one time I took her to Billy Graham, uh, 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, uh, 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,

• 1:12:09Patrick Bet-David?

  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 gonna work out." "No way." "I'm not gonna raise my kid in UNICEF and, you know, Planned Parenthood and all this nonsense. As much as we have fun together, it's not gonna work. You gotta 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,

• 1:12:52Patrick Bet-David?

  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.

• 1:13:05Tom Ellsworth?

  Yeah, he died when he was an infant and died while he was president.

• 1:13:08Patrick Bet-David?

  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 bucks. Eight years, believe it or not, I actually liked that system. I actually liked it. You know why? Because it's black and white. No problem. If it's two years, 20 million. We're good to go.

• 1:13:52Patrick Bet-David?

  At least I know within two years to cut it loose and, you know, move on. And it's only cost me 20 million bucks.

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• 1:16:09Patrick Bet-David?

  Panasus 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.

• 1:16:24Speaker 03

  Oh, yeah.

• 1:16:25Patrick Bet-David?

  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 fricking 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 one I want to get to is, why do you keep getting rejected from your job? This is a Forbes story. Why are people keep getting rejected from their jobs? What page is that? Page 12 or 13? I'm trying, I think I'm mixing up these pages.

• 1:17:02Tom Ellsworth?

  I think it's 12.

• 1:17:04Patrick Bet-David?

  Main 12? Okay, there you go. Why you keep getting rejected from your jobs? 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 1 in 7 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?

• 1:17:47Patrick Bet-David?

  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 candidate's professional image matches their qualities or not, qualifications or not. Why are, 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.

• 1:18:28Patrick Bet-David?

  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. A very interesting. Tom, how do you process this information?

• 1:19:06Tom Ellsworth?

  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 gotta go find a couple of things out about this company. I'm gonna be interviewing with a thing. You have friends say that to me all the time, going back, going back when I was in school and stuff. I gotta learn a little bit about this company, maybe 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 social skills, Pat. They are lacking social skills. And the thing that stood out in this article, improvisation, in other words, winging it versus preparation.

• 1:19:48Tom Ellsworth?

  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 students are coming out of high school, coming out of college, completely unprepared, to get away from social media and have a social discussion with something. Hello, Mr. But 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.

• 1:20:28Patrick Bet-David?

  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. The common sense isn't there in the applicant pool.

• 1:20:42Speaker 03

  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

• 1:21:27Speaker 03

  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. It'll just be... Learn to use AI as a tool, come into any interview...

• 1:21:40Patrick Bet-David?

  Thoughts on this?

• 1:21:41Speaker 03

  What's that?

• 1:21:41Patrick Bet-David?

  I 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? These are...

• 1:21:59Speaker 03

  Oh, definitely.

• 1:21:59Patrick Bet-David?

  These are not like 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

• 1:22:44Patrick Bet-David?

  side, does very well for himself. He came to a ball conference four years ago. After the ball conference, he sends me a manect. He says, look, here's what I realized. I'd like to work for Vitatainment. 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 forty, fifty thousand subs. Your background is national security, bachelor's national security, and 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,

• 1:23:28Patrick Bet-David?

  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, the 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, my, my, the entire time I've been wanting to work at Vitatainment. I moved to Fort Lauderdale just so I can work at Vitatainment. We didn't hire him right off the bat. 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. Yeah. I don't know Elon. Elon sends me a manect, and I said, who are you? He says, this is, I look at his channel, I'm like, wow, this guy's cool. He comes in, we end up having a meeting together at the office.

• 1:24:12Patrick Bet-David?

  I said, I really like you, let's entertain you. You went on, on your- Unusual suspects. Unusual suspects a few times, unusual suspects. And then from there, I brought you, now you're on the PBD podcast. How much exposure is that getting? But what did you do? You kind of came in, build a relationship, and for me, I have layers of not trusting people because every, so come, 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, 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, 8:30.

• 1:24:56Patrick Bet-David?

  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 giving 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.

• 1:25:40Patrick Bet-David?

  And I'm giving a speech and this man named Brian Hefflin is bringing me up. And I am like nervous. I've never given a talk. I'm good in small. I'm like, oh my God. So I'm in front of a mirror with, 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? And then you're like, oh, I gotta learn how to tell a story. So what's the easiest thing? Get up there. I don't know what to say. Two to three points and tell two stories. So got up, hey, I got three things I want to share with you. One, boom, let me tell you a story. Two, boom, let me tell you a story. Three, boom, let me tell you a story. 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.

• 1:26:21Patrick Bet-David?

  We need to teach our people how to communicate. The more we go to AI, you're gonna see human beings are gonna make a comeback. There's a reason why this story here of Ford, what page is that Ford story, Brandon? Do you remember what, uh, look at this? Ford is rehiring human engineers after AI fails to match quality checks. What?

• 1:26:42Patrick Bet-David?

  This is a BBC story. By the way, this is, this is a good story for Team Human. Man, we making a comeback. They're not gonna ship us out. Okay, they're not gonna ship us out and PBD Podcast is around by. Hi, this is Patrick. Hey David, today I'm gonna talk to Jeff Snyder. You know, hey, today Tom Ellsworth. No, it ain't gonna happen. Humans are protected. Ford's realizing it. Let me read this to you. Ford says it has hired some human engineers. Can you imagine? 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 US carmaker adopted it

• 1:27:25Patrick Bet-David?

  across some parts of its operators, including for quality checks. But according to Bloomberg, its executives said the firm has rehired more than 300 veteran quality inspectors in recent. That's good. Years to make up for the pitfalls of the automated systems. Team Human, baby! We're making a comeback! We're making a comeback! AI is a fantastic tool, but it is only as good as the information you can retrain 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 US automakers among to, to have seized on the buzz around AI, particularly amid Wall Street's fervor around the tech's potential to increase margins.

• 1:28:10Patrick Bet-David?

  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. In an October earnings 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

• 1:28:55Patrick Bet-David?

  veteran technician, many of whom, he said, had left the company before their knowledge could be used to improve its tech. Tom, love this story, your thoughts on this? I'm buying another Ford if they go back to Team Human, I'm telling you.

• 1:29:06Tom Ellsworth?

  Exactly. So what happens here is, is a bad design is a bad design. And if AI has got a bad design, or design that's got flaws, it doesn't fix anything. And so that's a part of an engineer. What is engineer? 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 there was some, we just wanted to ingest this data into quality, 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

• 1:29:47Tom Ellsworth?

  like this, you know, where you have the physical, 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, then 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 thing, 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. Wow, now I gotta 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 gonna go after.

• 1:30:31Tom Ellsworth?

  And I think that's AI at its best. Here, it's just showing 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 for all these, you know, you say this company laid off a thousand

• 1:31:10Patrick Bet-David?

  Yep.

• 1:31:11Tom Ellsworth?

  software engineers. They're showing up in the one ads to apply their engineering skill in a different way. It's like

• 1:31:17Patrick Bet-David?

  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.

• 1:31:27Patrick Bet-David?

  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, do we think money or we just sitting there laughing and enjoying the family's company?

• 1:31:39Tom Ellsworth?

  No, we run around outside and find a variety of ways to hurt our

• 1:31:42Patrick Bet-David?

  Corn ACL, I can't do shit.

• 1:31:43Tom Ellsworth?

  I know. We find all kinds of ways to get sunburned and mess up our physical bodies.

• 1:31:48Patrick Bet-David?

  But I tell you, you know what it is?

• 1:31:49Tom Ellsworth?

  And have fun in the process.

• 1:31:51Patrick Bet-David?

  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 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 in it. And you have to be called weird your entire life.

• 1:32:36Patrick Bet-David?

  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 chat GPT. 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.

• 1:33:18Patrick Bet-David?

  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 flipping 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 with AI. No, you fall in love with a human being because you have to persuade them. You have to win them over and you have to keep them interested. That is hard. You don't need to keep AI interested. You already have them. They're gonna do whatever you want them to tell you to do. 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

• 1:34:00Patrick Bet-David?

  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 Klarna, what happened to these companies. Replace much of its customer support with AI. What did it happen? They reversed it. Why? Customer satisfaction and service quality suffered on more complex issues. The CEO and customer 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. Duolingo, announced an AI-first strategy, then softened its position and increased human development. How the hell you gonna go AI first when you need people to use Duolingo? What a dumb strategy.

• 1:34:44Patrick Bet-David?

  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, 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 know, like the movie, the epic documentary slash movie, what do you call that movie? Tropic Thunder? You never go full retard. You just don't do it.

• 1:35:15Speaker 03

  I love that movie.

• 1:35:15Patrick Bet-David?

  You never go full AI. You never go full AI. Don't do it. 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? Yeah, so anyways, I love this story. Elon, do you have any thoughts on this one here yourself?

• 1:35:32Speaker 03

  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 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. An age of enlightenment.

• 1:36:15Speaker 04

  You know what? You know what it is? The honeymoon period is starting to end, right? Because AI was, you know, Elon Musk talking about the singularity and, you know, some doomsayer is saying it's going to replace 50% of jobs. And then suddenly people had to start using AI and realize the limitations there, including what Pat was talking about, limitations of AI versus humanity. So...

• 1:36:35Speaker 03

  But that's today. Again, so the conversation is, how does this, you know, does this technology increase linearly or does it increase?

• 1:36:42Speaker 04

  No, it increases parabolically, but this is no different than any other adoption cycle.

• 1:36:47Patrick Bet-David?

  It means nothing. So how much, how much, hey, if, if, let's just say 100, it's reached its capacity, full potential. Where do you think we are right now?

• 1:36:57Speaker 03

  I think we're in infant.

• 1:36:59Patrick Bet-David?

  I think we're at 5%, yeah.

• 1:37:00Speaker 04

  Not even that, not half of a percent.

• 1:37:02Patrick Bet-David?

  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%?

• 1:37:08Speaker 03

  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.

• 1:37:15Speaker 04

  No, intelligence still has value, but labor doesn't.

• 1:37:18Speaker 03

  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. It would be, you would have an abundance of intelligence.

• 1:37:28Patrick Bet-David?

  Would it get to a point where having kids would be no value to having kids? Would it ever get to that point?

• 1:37:34Speaker 03

  No, we will never get to that.

• 1:37:34Patrick Bet-David?

  Why not? Why not?

• 1:37:36Speaker 03

  Because the...

• 1:37:36Patrick Bet-David?

  Because that's really the question, right? Because if AI eventually gets to a point that I can make all the money in the world, why did people have kids back in the days? Not today, 200 years ago, why did people have kids?

• 1:37:46Tom Ellsworth?

  Labor.

• 1:37:47Speaker 04

  Free labor?

• 1:37:48Patrick Bet-David?

  Just so you know, it was labor.

• 1:37:49Tom Ellsworth?

  Wow.

• 1:37:49Speaker 04

  Absolutely.

• 1:37:50Patrick Bet-David?

  Oh, if you, oh, but for

• 1:37:51Speaker 04

  Any industrial society, wealthy society.

• 1:37:53Patrick Bet-David?

  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, AI 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 socialist 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?

• 1:38:33Tom Ellsworth?

  Again, I would, okay. So we do see a decline, we do see a decline in childbirth.

• 1:38:38Patrick Bet-David?

  In a big way.

• 1:38:39Speaker 04

  Because of affordability.

• 1:38:39Patrick Bet-David?

  58 today. But what if affordability's out?

• 1:38:42Tom Ellsworth?

  Which it will, which it will be.

• 1:38:43Speaker 04

  Full automation, it's not even money.

• 1:38:45Patrick Bet-David?

  Why do you have kids?

• 1:38:46Speaker 04

  Not an argument. Because we're a much wealthier society and we have less kids. That's, that's, it's not affordability.

• 1:38:52Tom Ellsworth?

  There's a cor, and there's a correlation.

• 1:38:53Speaker 04

  The 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 their younger years. But really, it was labor. You needed more labor to work the family farm.

• 1:39:04Tom Ellsworth?

  I would say you're gonna have kids again because we're gonna, hopefully, 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 we'll have the rest taken care of.

• 1:39:19Speaker 04

  And that's what you're

• 1:39:19Patrick Bet-David?

  I think the current direction, okay. In the book, Choose Your Enemies Wisely, 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.

• 1:40:03Patrick Bet-David?

  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 0%, you're 100% selfish, you're a criminal, you're a psychopath. If you're 90% selfish, 10% selfless, you're narcissist. Very, the world revolves around you. If you're 80% selfish, 20%, you're 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. If you're 60, 40, you're a synergist. You bring people together. If you're 50, 50, you're an advisor. You're probably above 65 years old, 70 years old. If you're 40, 60, you're a 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.

• 1:40:45Patrick Bet-David?

  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, 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.

• 1:41:17Speaker 06

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• 1:42:17Speaker 07

  Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' health care to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the HouseMajorityPac.com. Not authorized by any candidate or candidate's committee.

• 1:42:46Patrick Bet-David?

  When you're building a company, you learn that trust is what closes deals. You may have the best product, but buyers won't sign without proof that your product is secure, especially if it has AI. Vanta gets you compliant fast with SOC 2, ISO 27001, and more, and keeps you secure with continuous monitoring. Hyperbound, a YC-backed startup, used Vanta to unlock the Fortune 100 in under a year. Snowfire got audit-ready in a month and closed a multimillion-dollar deal. Trust matters. Get started at vanta.com.

• 1:43:14Speaker 03

  USAA knows dynamic duos can save the day like superheroes and sidekicks or auto and home insurance. With USAA, you can bundle your auto and home and save up to 10%. Tap the banner to learn more and get a quote at usaa.com/bundle. Restrictions apply. Well, that, when you were reading this, and what hit me is that an AI future without faith in society is a future that cannot exist.

• 1:43:37Patrick Bet-David?

  And, but faith leads to what, though? For me, it's human. It's human. We have to protect the human component of it.

• 1:43:46Speaker 04

  That's why I hate this term "intelligence", because intelligence is not just about spitting out data and understanding facts. Intelligence is, there's more layers to it. And 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 are some things we just can't describe. So, intelligence is more than just strictly what AI 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 adapt and use within their own, you know, own processes.

• 1:44:23Patrick Bet-David?

  Can you run a poll? Can you run a poll in the back? Here's the poll. Do you think the world would be happier? If some sort of a UBI existed that paid everyone $300,000 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 people would be happier or no? Just run a poll.

• 1:44:52Speaker 05

  Offer a perspective?

• 1:44:53Patrick Bet-David?

  And try to write that question a lot shorter. I gave you a paragraph to try to shorten it. I count on the guys in the back to be able to do it. Go ahead.

• 1:45:00Speaker 05

  So I, I think the ideal situation is if everybody in society was able to have, um, you know, shelter, food, energy, transportation, and then after that, if you want more, you have to go work for it. Cause that's where a lot of crime comes from, where people don't know.

• 1:45:13Patrick Bet-David?

  I don't think that's, I, okay, so see, 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, 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?

• 1:45:58Patrick Bet-David?

  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?

• 1:46:14Tom Ellsworth?

  It's King Solomon in the book of Ecclesiastes.

• 1:46:16Patrick Bet-David?

  Yeah, so the seasons 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?

• 1:46:25Speaker 05

  I think if the things you need to survive were, um, because yeah, I, I think that, uh, obviously after that, you go to comparing things like, um, 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, you know, start turning socialist and why crime is committed. So if there was an abundance of wealth created from AI, um, and we get to the point where there's, those things are so cheap to produce, then what's the downside of just those main things you need to actually live being covered?

• 1:46:57Speaker 03

  Because the expectation will be that more will be covered. It will never be enough. And then another, okay, and additionally.

• 1:47:02Speaker 04

  More harm than good, you think?

• 1:47:03Speaker 03

  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.

• 1:47:14Speaker 04

  More miserable people get.

• 1:47:15Speaker 03

  Yeah, the human spirit tends to decline and also we tend not to drive ourselves and push ourselves harder. So there's two, like you have the the labor death and then you have the spiritual death that occurs.

• 1:47:26Speaker 04

  You see this, I'm sorry. No, it's okay. I always say you see this all the time when people retire. When people retire, they are usually miserable and they end up dying.

• 1:47:34Speaker 03

  Very quickly.

• 1:47:35Speaker 04

  Very quickly.

• 1:47:36Speaker 03

  So we, 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 have that value. UBI becomes somewhat irrelevant when you're provided with food, shelter, the ability to do. 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?

• 1:48:05Patrick Bet-David?

  Seventy-four percent said no, they wouldn't be happier. Twenty-six percent said they would be happier.

• 1:48:09Speaker 03

  Yeah.

• 1:48:10Speaker 05

  With receiving three hundred?

• 1:48:11Patrick Bet-David?

  Whatever. If the living expenses, I, I think it would be, they would be miserable.

• 1:48:17Speaker 03

  Absolutely.

• 1:48:18Patrick Bet-David?

  I think majority would be miserable. There is, 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, it's not this la la land with unicorns flying above us and everything is good. I actually think it's a problematic society.

• 1:48:46Speaker 05

  I agree with that. I think you still have, oh, sorry, go ahead.

• 1:48:49Speaker 03

  It's okay.

• 1:48:49Speaker 05

  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.

• 1:48:55Speaker 04

  But just think of what inspires people. Think of if you're gonna watch.

• 1:48:59Patrick Bet-David?

  The moment you take out the minimum, the moment you take out the minimum, you, you, you make people like, you, you, you know what welfare does to most people?

• 1:49:06Speaker 04

  Oh, yeah, terrible things.

• 1:49:07Patrick Bet-David?

  You know, you know what SNAP does to most people? You know what unemployment for 24 months when Obama had that and they keep bringing, you know what it does to people?

• 1:49:14Speaker 04

  I do, I mean, I, my parents grew up on welfare, so I know that.

• 1:49:18Patrick Bet-David?

  It steals away your dreams.

• 1:49:19Speaker 04

  Everything, yeah. Your drive, your ambition, everything.

• 1:49:23Patrick Bet-David?

  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, I, I think, I think if we're constantly trying to make everything easier, I mean, you, you know, when you, one, one of the biggest things is when you have a family and you have money,

• 1:50:07Patrick Bet-David?

  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, 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, we're stealing things away from them if we make everything easy for them. No. Well, 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 and a... If there's anybody that's not disconnected from real life, man, I've built a business and I failed miserably

• 1:50:51Patrick Bet-David?

  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 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 the 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. Yeah, 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? No, ma'am, Assyrian. Yeah. Why are you so tall? I said, ma'am, because I was breastfed till 17 years old. And she says, seriously? I said, that's a Middle Eastern culture. I was breastfed till 17. Her husband's like,

• 1:51:32Patrick Bet-David?

  Honey, he's messing with you. No man is breastfed till 17 years old. Anyways, let's get to the next story. We got a couple more before we wrap up. This this conversation can go for hours at a good dinner, but we got other stories to go through with the guys. That we have here. Talking about Calshi. Look at Calshi. Calshi gets a $20 million deal with the World Cup. Are you kidding me? That's amazing. And there are talks about this company is now going to be a 40 billion dollar 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 of people running for office, they're frightened. People in politics are frightened by companies like Calshi because they don't need polls anymore. Why do I need polls? We have a gubernatorial debate that we're running tomorrow

• 1:52:14Patrick Bet-David?

  with, you know, James Fishback, Paul Renner and Collins, that they're going to be the Lieutenant Governor Collins. We're hosting it tomorrow night at 6pm 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, 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? Calshi. Calshi, they're looking at these reports and now Calshi is getting 20 million with the World Cup. Tom, how big of a deal is this for Calshi?

• 1:52:40Tom Ellsworth?

  It's huge. We know some of these guys. We 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 Calshi just pulled off, this is just smart business. At the beginning of World Cup, the World Cup offered, I think it was $150 million. To be part of the rotating ads that are on the the three foot high video boards that circle the actual out of bounds of a of the soccer pitch and they didn't do it and now we're coming up into here and not and the World Cup is discovering that some of the rate cards that they had Pat were a little expensive and Kelsey's like well maybe I'll

• 1:53:25Tom Ellsworth?

  do it for like 20 and there here it is headline news that Kelsey'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 calcium 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 Harris that is different from saying hey who do you think's gonna win and are you willing to put five dollars on it and then they say well I'm here in Los Angeles California and there's no frickin way Trump's gonna win if you want me to put five bucks I will predict that Kamala will carry California I don't want her to be president

• 1:54:08Tom Ellsworth?

  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 market 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 your poll on ABC and spin it the way you want of course you would

• 1:54:31Patrick Bet-David?

  By the way you know this originally was 150 million dollar ask

• 1:54:33Tom Ellsworth?

  That's exactly right

• 1:54:34Patrick Bet-David?

  150 million dollars 87% discount they waited and it's only gonna be elimination run 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 Kelsey or is it more FIFA

• 1:54:47Tom Ellsworth?

  Well I think it's probably 70 for Kelsey for a good business decision but FIFA does win something because they wouldn't have had anything now they're gonna get a little bit more

• 1:54:58Patrick Bet-David?

  Yeah the games change

• 1:54:58Speaker 03

  Yeah 20 million dollars I love the explosion of predictive markets and as they continue to grow they're gonna become more accurate in their predictions so I think you know the higher a poll 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 Kelsey is like? I have no idea. This really, really helps bring it mainstream for an inexpensive amount.

• 1:55:36Speaker 04

  It's always better to have a skin in the game. That was, there was always more accurate information when people have to have a downside. And so that's, that's the positive and you're exactly right. That was the point is that people don't know what Kelsey is. And they've, they've, Kelsey, to a certain extent, not that it's their fault, but they've allowed them the narrative about Kelsey 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, better source of information here.

• 1:56:03Speaker 05

  Yeah, think about how things used to be decided between whether it's gambling 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 and this looking like? Versus like the full market, you know, putting their money on the line to say what they think it's going to be. And then polls too. It's, 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, you know, sports odd.

• 1:56:32Tom Ellsworth?

  Well, in Vegas, the house is trying to handicap choice because the house wants to win. Kelsey'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 Kelsey come out with like index markets. So suddenly you can get like, like, like ETF type things or like power indexes for, because if you take a careful look, you can go into Kelsey any given day and just get like five or six different markets are created there. And what's going to happen for the Democrat candidate, the Republican candidate. And so you get these perspectives.

• 1:57:14Tom Ellsworth?

  Here's one with $200 million on it for who's going to be the Democrat candidate. And then here's one with a million and a half dollars on it just on the wildcard candidates. And so suddenly you get, you can look at all that and it's like, what if you could put all that together and have like, you know, like ETF, like to have the Dow?

• 1:57:33Patrick Bet-David?

  Yeah, by the way, there's 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. Couple of these other guys are screwing up, they're good.

• 1:57:47Patrick Bet-David?

  What's Calci's potential, Tom, on valuation? Can Calci be a half a trillion dollar company? Can Calci get to numbers like that?

• 1:57:55Tom Ellsworth?

  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, what did Real Clear Politics try to do? They tried 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, you know, you know, some terrible thing you did in high school or college or whatever. So those first two polls don't matter. But still, guess what? Real Clear Politics is still trying to thread all those polls together. But this happens in real time and you can see the, and you'll see the public moving. I can't wait till they get to power indexes and threading.

• 1:58:40Tom Ellsworth?

  What I call it threading, where you put things together and like the, the bolt, 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 friend, and he's in front of AOC. Certain part of the mainstream media don't want to talk about that. But there's over a hundred million dollars of citizens that are in there that are saying, we think this guy's above.

• 1:59:22Patrick Bet-David?

  Yeah, yeah, it's, it's, it's, it is not going away. I like it. I lean towards what it says many time when I'll take a look at it. But let me get to the 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 is doing very well. 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 Elon watched it yesterday, he hated it, but let me read it to you.

• 2:00:06Patrick Bet-David?

  "The film Citizen Vigilante is presented as an unapologetic rejection of globalism, mass migration, Islamic extremism, this is a zero-hit story, and woke politics. It 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.

• 2:00:48Patrick Bet-David?

  And 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.

• 2:00:59Speaker 03

  Mexican Batman.

• 2:00:59Patrick Bet-David?

  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 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, Elon, I'm coming to you next. Go for it.

• 2:01:36Speaker 06

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• 2:02:06Speaker 00

  Now at Kroger, your points add up to more ways to save every trip. Use them your way to take dollars off groceries at checkout or save at the pump. You can even save up to $35 on your next fill-up. Same points, more choices. And with low prices on fresh, quality food, plus digital and personalized offers tailored to how you shop, your dollar goes further. Redeem your points online or in the app. Kroger, fresh for everyone. Restrictions apply. See site or store for details.

• 2:02:36Speaker 07

  Now, more than ever, we need someone on our side. But Rob Whitman? Whitman's votes drove up costs, cut Medicaid, and risked 350,000 Virginians' healthcare to pay for tax breaks for himself and his donors. He's not on our side. Shannon Taylor will fight corruption, cut taxes, and bring down costs. This November, vote for Shannon Taylor. She's for us. Paid for by HMP, the House Majority PAC dot com. Not authorized by any candidate or candidate's committee.

• 2:03:06Speaker 06

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• 2:03:45Speaker 00

  Up to 10% tap the banner to learn more and get a quote at usaa.com slash bundle restrictions apply. It's wird verzweifelt versucht quasi die Migranten.

• 2:03:56Patrick Bet-David?

  Oh, you gotta be kidding me. There's no translation here. Okay, go back to it. Okay, I it was like that commercial of Hitler, you know, we go back to it, 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 it's a very dark movie. Do not watch it with your kids. Very dark movie. Your thoughts on this movie, Elon?

• 2:04:35Speaker 03

  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 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 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.

• 2:05:18Speaker 03

  It is not shot well. The characters 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

• 2:06:01Speaker 03

  of dollars. So there's this parallel film economy. I'm very proud of that. It's going to give independent filmmakers a large opportunity. But again, I just can't get behind the movie. Also, one last thing, Army Hammer, super cool. Did we see Army Hammer pop up after the guy was, listen, I don't know what's true and what's not true with Army Hammer, but his background story of the text.

• 2:06:22Patrick Bet-David?

  It's pretty dark. Yeah, it's pretty dark.

• 2:06:23Speaker 03

  It's pretty crazy.

• 2:06:24Patrick Bet-David?

  On what he's got. Anyways, you guys haven't seen it. When you do see it, you'll see, you'll 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 that were hanging out and Kyrie Irving wasn't there. JR Smith went after him. Then JR Smith's like, I apologize. Kyrie's like, you know, I couldn't make it. And then there was one

• 2:07:07Patrick Bet-David?

  other place, player that wasn't invited. Some are saying he may come to Miami to team up with Yanis 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. And quite frankly, when you think about superstar, yesterday, my daughter and I spent some time together. We had a blast. And I'm doing physical therapy. She's down there. We're laughing, we're crying, we're joking, we're doing all this stuff.

• 2:07:50Patrick Bet-David?

  She's not happy that mommy and it's, you know, they kind of, 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 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 Vaccario is giving the story to Michael and he gives this emotional story. Have you, do you know which speech this is?

• 2:08:28Tom Ellsworth?

  Let me tell you what's gonna hap-

• 2:08:29Patrick Bet-David?

  Let me tell you what's gonna happen. Have you guys seen the speech?

• 2:08:31Tom Ellsworth?

  Yeah.

• 2:08:31Patrick Bet-David?

  Let me tell you what's gonna happen. He says, you're gonna become the best player in the world. You're gonna win championships. You're gonna win MVPs. You're gonna win All-Stars. You're gonna win all this stuff. He says, but then you're gonna fall. And when you fall, they're gonna humiliate you. You're gonna have massive setbacks in your family. Nike's gonna be here for you. He says, no one's gonna remember us. Nobody in this room is gonna be remembered, but you will be remembered. You will be remembered for generations for what you do, because you're Michael Jordan. And Sonny wanted to recruit him. And then afterwards, I just got the chills all over my body. And afterwards, you show, 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

• 2:09:16Patrick Bet-David?

  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, he was, 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, if Trevor Bauer would have won that championship, he would have called it 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 Golden State Warriors, which Kyrie's the one that hit the

• 2:09:58Patrick Bet-David?

  three. But you're gonna remember so many memories of Michael. So, I'll keep this short from my end. Is there, and I'm not gonna go through everybody. Does anybody have any thoughts on this story of LeBron retiring? Not retiring, leaving the Lakers?

• 2:10:09Tom Ellsworth?

  I, I agree with you. I'm looking forward to. I kinda grew up on the Lakers. I, I graduated high school when this, 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.

• 2:10:29Tom Ellsworth?

  And then Magic gets

• 2:10:31Patrick Bet-David?

  Michigan State.

• 2:10:31Tom Ellsworth?

  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 just, it took the joy out of a Laker fandom that was authentic for me. I grew up in LA and I grew up on this and I went to the old forum, the felt forum.

• 2:11:09Tom Ellsworth?

  You know, Chick Hearn saying, you know, the Lakers, you know, decorated and their forum blue and gold. And then you hear this guy, it's a very funny, you know, the radio clip I'm talking about, Pat?

• 2:11:20Patrick Bet-David?

  Yeah.

• 2:11:21Tom Ellsworth?

  You hear the guy in the background goes, says, you're drunk. You're a drunk bum. It's purple and yellow. Cause 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'm looking forward to taking my old tattered Laker t-shirt and taking things out of the closet and bringing back my fandom. I do have an opinion on this.

• 2:11:51Patrick Bet-David?

  Yeah. Well, listen, to all the Laker fans out there, it's now going to be Luca's team and hopefully they'll bring some other guys around them. Who knows? I think Anthony Edwards belongs in LA. I think him and Luca 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 days, Chick Hearn used to say, the game is in the refrigerator. The door is closed. The lights are out. The eggs are cooling. The butter's getting hard.

• 2:12:18Tom Ellsworth?

  And the Jello is jiggling.

• 2:12:21Patrick Bet-David?

  Anyways, another great podcast, guys. Thanks for this. Tomorrow night, the debate, gubernatorial debate between Fishback Collins and Reynolds will be done at 6:00 PM. 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 6:00 PM for the debate. And if you have any questions you want

• 2:13:06Patrick Bet-David?

  me to ask, you can always connect me for us to address that. With that being said, take care of everybody. I think we will do a podcast on Friday as well. God bless. Bye bye, bye bye.

• 2:13:16Patrick Bet-David?

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