Hasan Piker Subpoena + Iran Peace Deal? | PBD #805

Patrick Bet-David, Tom Ellsworth, Adam Sosnick, and Vincent Oshana break down Trump’s Iran nuclear deal negotiations, the Bolt CEO firing his entire HR team, Tulsi Gabbard’s reported exit as DNI, Hasan Piker’s subpoena battle, the MBA job market collapse, AI disrupting major consulting firms, Kevin Warsh being sworn in as Fed Chair, and the White House shooting investigation. ------- 🦁 THE VAULT 2026: AUG 31ST TO SEPT 1ST: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4mZdLhD⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4mZdLhD Ⓜ️ CONNECT ON MINNECT: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4kSVkso ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4kSVkso Ⓜ️ PBD PODCAST CIRCLES: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4mAWQAP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4mAWQAP 👔 BET-DAVID CONSULTING: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4lzQph2 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4lzQph2 🥃 BOARDROOM CIGAR LOUNGE: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://bit.ly/4pzLEXj⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/4pzLEXj 🇰 KALSHI: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://kalshi.com/pbd⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ http://kalshi.com/pbd⁠

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

• 0:13Speaker 00

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

• 0:17Speaker 01

  You are a one of one? My sundry is there.

• 0:19Speaker 00

  I don't think I've ever said this before.

• 0:28Tom Ellsworth?

  PBD Live, sir. We are here. Here we go. We're here. We're live, baby. Let's go. Guys, welcome to the PBD Podcast. That's called Focus. And that's called Focus.

• 0:36Patrick Bet-David?

  That's called not having this on because it's so loud. Well, what's up, everybody? Good to be with you. Uh, just to correct Adam, today is not Labor Day. It's Memorial Day. Memorial Day.

• 0:46Tom Ellsworth?

  Although we are working today, Pat.

• 0:48Patrick Bet-David?

  Yes, we are.

• 0:48Tom Ellsworth?

  Shout out to everybody listening.

• 0:49Patrick Bet-David?

  1971, it became a thing to, uh, recognize fallen soldiers. Last Monday of May, they call it the beginning of summer is what it's called today. Uh, so Vinnie in a minute will be doing some prayers as we get into it. We got a lot of stuff to go through. Today's also the day where we're making the announcement of speakers, the vault speakers. Can't wait for this. We've been waiting for this for a while. It's been exciting. The lineup of speakers are going to be phenomenal. And then aside from that, stories to get into. The US Iran deal. That hasn't happened yet, but it is in progress. The president even said from Iran that they've agreed to give up the nuclear enriched uranium. You've not heard that before from them. They have finally agreed to something like that.

• 1:31Patrick Bet-David?

  The blockade is, made it very difficult for them. We'll cover that story. Then we have to talk about the assassination attempt, uh, on, uh, Ivanka Trump. Uh, I believe was a story that came out, so we'll address that as well. And then there was a shooting at the White House. Can you imagine like what it is to be, uh, working at DC or be working at White House? How many of these types of things you hear happening around the president? It's like a regular thing now.

• 1:55Tom Ellsworth?

  All day.

• 1:55Patrick Bet-David?

  If you're immune to it, that's a problem. Think about it. By now you're like, well, there was a shooting. Can you imagine it's no longer a main story? It's like the number three story. There was a shooting in the White House. Four years ago, that would have been a headline story for two months. Right now, it's like number three story. We got other things to cover to go through. Tulsi Gabbard resignation happened as well, something people were expecting to happen, but they thought it was gonna happen before the end of the year. They didn't think it was gonna happen this early and some thought she was gonna get fired, but it was a resignation for allegedly personal matters, husband's health that they're dealing with, which we wish her nothing but the best. Kevin Warsh, we'll talk about that. It's a closest, Tom, you said Kevin Warsh was the closest they've ever had, right, of it getting done. So

• 2:39Patrick Bet-David?

  he's official. Then there's a story of a Bolt CEO. Bolt CEO comes out and decides to fire the entire HR department. They said, you're making too much noise, too many headaches for us. And let's not forget, while the shooting was going on at the White House, there's three different ways people react to shootings. There's the way Asians react, and there's the way Americans react. And Humberto was even more specific, white female, like on how they react to shooting. I want to make sure I give the shout out to our analyst, hardcore analyst from Chile. So, you know, we will, we will go through, yeah, he doesn't want me to say, who is a very proud American. He loves,

• 3:20Patrick Bet-David?

  he assimilated very well here. He loves America, just to make sure the right people hear that. So, and then we have to talk about Hasan Piker. Something happened with Hasan Piker. Apparently, they showed up, they knocked on his door and they said, hey, it's kind of time. You can't go around, you know, indirectly, yeah, indirectly talking about threatening the president, which we'll address that. And then he was hanging out also with a girl named Ashley St. Clair, which doesn't, isn't she like Elon's?

• 3:45Speaker 04

  Baby mama?

• 3:46Patrick Bet-David?

  Baby mama, right? One of the baby mamas. You gotta get in the list of what it was. So she was there as well, hanging out with him. I don't know what that reasoning was. McKinsey is not knowing how to adjust with everything that's going on with AI. And they're saying, hey, we gotta kind of figure this thing out because all the days of people paying a half a million dollars to two million dollars for McKinsey to run a report for them are behind them. Like, they don't even know what to do next. I got a lot of thoughts on the consulting industry. NBA fire sale, if you Didn't see the MBA firesome, not NBA firesome. There's not an MBA firesome. There's a good series going out right now with the Spurs and uh.

• 4:23Tom Ellsworth?

  WMB and OKC.

• 4:24Patrick Bet-David?

  And OKC, we're talking M, Masters in Business Administration MBA firesome that every parent needs to listen to and have their kids also listen to. It's a court of a million dollar savings in colleges, some major, major colleges. We're talking like Michigan, we're talking UC Irvine, giving a 50% discount. We're talking like real schools that are giving big discounts. And that WSJ Wall Street Journal article is phenomenal, we gotta go through it. And for those of you guys that are tuning in with us on Memorial Day, I just want to tell you, you know, you're the, you're the true fans that we got here joining us. A lot of people here were asking some of the new employees that we have, you know, we got 170 plus employees now.

• 5:08Patrick Bet-David?

  So people are like, are you guys still gonna do a podcast on Memorial Day? I said, listen, we've done podcasts on worst days, on busier days, you know, and.

• 5:15Tom Ellsworth?

  Thanksgiving, sir.

• 5:17Patrick Bet-David?

  We do Thanksgiving, we do Christmas, we'll do New Years, we'll do all of it, it doesn't matter. But today, before we start the podcast, Vinny, and before I make the announcement, Vinny, I want you to take a moment here and start us off with a prayer.

• 5:27Speaker 04

  Yes, sir. Dear Lord, on this Memorial Day, we take a moment to honor the men and women who gave their lives defending this country and the freedoms that we often take for granted. We pray for their families, for our, our veterans, for our service members still carrying that weight of sacrifice. We also pray for everyone watching and listening to our podcasts today, Lord, whatever burdens they're carrying, whatever battles they're facing, give them peace and strength, wisdom and hope. And we pray, Lord, that you bring families closer together, remind us all how blessed we are living in this amazing country. Give us the courage to stand for truth and we may never forget the cost of freedom. In Jesus's name we pray, amen.

• 6:06Patrick Bet-David?

  Amen, amen, amen. By the way, when you have four kids and you pray, you know what's one of the best things when somebody prays at the table? Is when your, your youngest is always doing one of these.

• 6:16Speaker 04

  She's looking.

• 6:16Patrick Bet-David?

  Looking around to see whose eyes are open. You know what I'm talking to the, to the four-year-old community that you keep your eyes open. We love you, you're the best, you make prayers even more exciting, but. Thank you for that prayer and to all the families that you've gone through that have some friends who have whose family have gone through it, our prayers and thoughts are with you. Having said that, let's get right into it. The president is trying to broker one of the most important deals we've had in the last few decades, and that is to get Iran to get rid of the enriched uranium, and it's been very complicated. A lot of people, if you go to Calci, oh, this thing's not going to get done till next year. It's not going to get done till September, it's not going to get done till July. I said it's going to get done before June 14th, and a lot of people disagreed, which

• 6:58Patrick Bet-David?

  I, you know, I agree with them, I understand this is not a easy thing to get done. But then we got stories that, one, all of a sudden, the president announced he will not be going to his son's wedding. Wait, you're not going to your son's wedding? No. It's not like it's his fourth wedding. You know, you don't go to someone's fourth wedding, normally, you just don't attend the fourth. Like, if somebody invites you to your fourth wedding, what do you say? Hey, man, listen, I'll, I'll may make it to the fifth, but I'm skipping the fourth. This is the second. Yeah. You typically, if you have a friend or son, you make the first and the second. From there, it's, it's okay if you don't. So the president decides not to go to the second wedding that Don Jr. is having. And then, aside from that, while this whole thing is going on, Ivanka Trump, rumors come

• 7:41Patrick Bet-David?

  out that there's an assassination attempt on his daughter. Wait, what? So he's missing the wedding to his oldest son, his daughter's getting an assassination attempt, and is this the story on Ivanka's assassination attempt? Go ahead, Rob.

• 7:56Speaker 05

  So, per the New York Post, the man behind this plot was an Iraqi national who the Justice Department had arrested earlier this month for his alleged ties to Qatam Hezbollah and the Islamic Revolutionary Guard Corps. The New York Post reports Mohammed Al-Sadi had targeted Ivanka Trump to avenge the killing of his mentor, top Iranian general Qassem Soleimani, in 2020. A former deputy military attache in the Iraqi embassy tells the Post, after Qassem was killed, Al-Sadi went around telling people, "We need to kill Ivanka to burn down the house of Trump the way he burned down our house." Al-Sadi reportedly had a blueprint of Ivanka's Florida home and even posted- A photo of their house online saying, I say to the Americans, look at this picture

• 8:41Speaker 05

  and know that neither your palaces nor the Secret Service will protect you. We are currently in the stage of surveillance and analysis. I told you, our revenge is a matter of time. The Secret Service says the Secret Service does not confirm or comment on matters involving protective intelligence. The Secret Service closely monitors information and intelligence related-

• 9:01Patrick Bet-David?

  You can pause it right there. So that happens. While that happens, you see J.D. Vance going back to the White House. You see conversations about them going into the Situation Room. You see all these stories about the President going back and they're gonna have a meeting. You, you, everybody's seen all these clips of what's going, something's about to happen. And then you get President Trump's tweet that says the following, Rob, if you want to put the, put up this tweet. So then you see this here. I'm in the Oval Office at the White House, where we just had a very good call with President Mohammed bin Salman al Saud of Saudi Arabia and United Nations Arab, uh, uh, leader UAE. Uh, I'm not gonna read all these names. Bunch of different people, take me seventeen minutes to cover all these names, but we'll skip- Yeah, yeah, a lot of that. Concerning the Islamic Republic of Iran and all things related to memorandum on

• 9:43Patrick Bet-David?

  understanding pertaining to peace, an agreement has largely been negotiated, uh, uh, subject to finalization between the United States of America and the Islamic Republic of Iran. The various other countries, as listed, separately had a call with Prime Minister Bibi Netanyahu of Israel as well, which likewise went very well. Final aspects and details of the deal are currently being discussed and will be announced shortly in addition to many other elements of the agreement straight of Hormuz. Rob, if you want to open up a Twitter and go to my Twitter account, I'll kind of break down what the rumors are of what is gonna be covered in the deal. And this is what you're hearing, okay? So, lot of noise between uh, uh, two nations, okay? Iran has agreed to give up its stockpile of highly enriched uranium. Iran currently has four hundred kilograms of highly enriched uranium, which

• 10:26Patrick Bet-David?

  is enough for eleven nuclear bombs. These are the rumors of what's being negotiated. Pezeshkian said, yes, we're willing to give it up. U.S. has began the phase of unfreezing Iran's six billion to thirty billion dollars in cash.

• 10:39Patrick Bet-David?

  Straight of Hormuz will open up, Iran won't charge a penny for the ships going through, no 2 million dollar toll that they'll collect. The US agrees to relieve some of the sanctions, war ends on all fronts with Lebanon. US forces near Iran to withdraw, 30 to 60 days to finalize the nuclear deal if true, this is a massive victory. Here's my winners and losers of what I think is gonna happen, and Tom, I'm coming to you first with this one here. Number 1 winner, American people, oil prices will likely fall, shipping insurance costs drop, drop, inflation pressures ease. Number 2, the president, it's a big deal to get this done. 3 global markets, 4 stock market, 5 Gulf states, temporary tension eliminated. I have them both as winners and losers, I'll tell you why in a minute. IRGC gains legitimacy, they're not Venezuela.

• 11:24Patrick Bet-David?

  Venezuela, they came in, they picked up Maduro, they're gone. You couldn't do that with Iran. You killed 50 of their top leaders, including their supreme leader, and they still stood up, right? So whether anyone likes this or not, including myself, we have to say, they gain some legitimacy. China's a major winner, Strait of Hormuz hurts them the most, they can spin this to their people that the deal got done after the president left China, but guess what? They desperately need this. 8, Russia relies on Iran being a bit more stable, NATO nations were starting to worry, they were pansy shivering about having to help the US. They're also the biggest losers, I'll cover that here in a minute as well. Losers, the Iranian people. No one knows what the IRGC will do to their people after the deal to their own people. Their media outlets will say they beat America.

• 12:07Patrick Bet-David?

  Can you imagine, like, you're in Iran, you know how vicious these people are, and you have to sit there potentially for 10, 20 more years, because we realized Reza Pahlavi couldn't do it alone, Reza Pahlavi couldn't do it with the Trump administration. Now the people are stranded, they're saying, what about all these times we went in the streets? What about the 30, 40, 50,000? The numbers we've heard, low 3100, high 100,000. The Iranian people are the ones that are the biggest losers of this, because IRGC still stays in control. Number 2, Obama administration, this sounds like a much stronger deal than Obama did. Obama couldn't pull this off, so this is not a good look for them. Netanyahu, he wanted regime change or collapse for his legacy, but Trump wasn't on the Same page at the end NATO was exposed they showed they don't have America's back if shit

• 12:52Patrick Bet-David?

  were to hit the fan terrible moment for NATO nations Reza Pahlavi another year of not being able to pull it off for his people trust me I get a lot of shit from people that are fans of our peace and I cannot believe you say this but then you would be amazed how many thousands of messages of people who support him and love him and like him simply say just because I love him and like him doesn't mean he's the leader I would vote for to get this thing done so they are one of the biggest losers out there as well because regime change and collapse that he promises not around the corner Gulf states the IRGC will still control a neighbor capable of firing rockets at them Iranian proxies and non-state actors Hezbollah Houthis and Shia military will not receive the same funding flow that they had

• 13:33Patrick Bet-David?

  before defense contractors of course war hawks war continues they make more money this is not good for the military industrial complex oil producers benefiting from high prices lot of these guys were selling high prices even though they didn't need to political extremists on both sides they lose the woke right especially loses because they wanted Trump to continue losing they don't want this thing to happen they don't want it to be a quick war the woke right wants this war to continue to be able to say it's another Afghanistan to be able to say it's another one of those things and Trump still keeps his promise he's not a war guy so he's not a person that wants to go into war he wants to get deals done right Democrats they desperately needed this to continue heading into mid midterms they will hate this deal don't worry they'll still find a way to blame Trump but independents

• 14:15Patrick Bet-David?

  won't fall for the BS Democrats and a woke right will follow suit but not reasonable independents who can think to for themselves so aside from that my prediction stays that this gets done before June 14th and then after that we have the greatest 60 days of positive distractions around the corner which is President Trump's birthday June 14th 4th of July 250 year anniversary World Cup July June 11 through the July 19th everybody will move on and then they'll be off to Cuba they'll be off to Greenland they'll be off to affordability they'll be off to midterms they'll be off to all these other issues that he has to go through love him or hate him he keeps continues to show how fluid his mind is and that he can change his approach depending on whether things do go his way or don't go his way future looks bright Tom your thoughts on this Iran and US deal.

• 15:00Tom Ellsworth?

  So the first thing I'd say, I'm not going to go down through your winners and losers because, you know, there's a line there that you're drawing. What I looked at was the number of people that are involved in it. So he went to all the parties in the Middle East to get a deal done. You got everybody's got to be happy. So number one, he got all them together. Number two, on the eve of it, and this is aligned NATO. Who leads NATO? UK and Germany, right? We do, but UK and Germany are significant. On the 23rd, Pat, Gibraltar, the UK Navy was staging all of their mine clearing equipment.

• 15:41Tom Ellsworth?

  And their ship, the Lime Bay, L Y M E B A Y, is there at Gibraltar, fully stacked. And they have autonomous subs that go down underwater without humans in them. And they use sonar to detonate mines. And they also use metal tracking and other things to detect the mines. So here it is on the 23rd, Pat, right before this happened on the 23rd. We're hearing that the British are ready to come in and help. What I think that means is that there is a huge backdoor negotiation. Now, the mainstream media would love this to play out in public so they could pick on it. But take a look at what's happening in the background, Pat, is you've got people ready to help. So that's my second point is that everybody was there. I love everybody in there.

• 16:26Tom Ellsworth?

  And then lastly, the part that I'm not thrilled with yet is I really don't want an energized IRGC in position to take action on those people. I still am worried about that because I think the fallout for that, you know, crushes people that what they wanted was freedom. The oil markets, I think, believe that this is real. Today, we're in oil futures. The US markets are closed today for Memorial Day. However, the futures are out there to show you the pressure on prices. Oil's down five bucks.

• 17:04Tom Ellsworth?

  West Texas Intermediate, 91.77, 91.75 on Rob's chart here, which means it's just $2 from being 89. And it hasn't been there. Rob, you could put that on year to date and go take a look. Just year to date, see, it's if we get down, down under, um, under 90, we haven't been there since, um, since mid-March. So we've

• 17:28Patrick Bet-David?

  Early March, Tom, like first week of March.

• 17:30Tom Ellsworth?

  First week of March, and we had a little bitty spike in the middle of April where we really saw it was going to be, go all the way to the bottom of that one, Rob, all the way to the trough, 75.

• 17:40Patrick Bet-David?

  Check, check, check, check.

• 17:41Tom Ellsworth?

  See, so that's it. So that's what I think, Pat. I love the fact that this was broadly negotiated on the back. Um, we need to get this thing done and get out of it. Adam.

• 17:51Adam Sosnick?

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• 18:34Adam Sosnick?

  Pay, and Workforce Management.

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• 19:12Speaker 01

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• 19:53Tom Ellsworth?

  Uh, I feel bad for the Iranian people, straight up. I think a deal's gonna get done at some point. I mean, we've differed on when the date's gonna be. To me, that's almost irrelevant. It's, Trump's in no rush to do a deal, and, uh, nor should he be. I don't think, uh, what's the famous phrase? Like, no deal is better than a bad deal. Uh, I think he understands that, uh, no matter what deal gets done, the details of the deal are almost irrelevant. It's, is Iran, the Islamic Republic of Iran, actually gonna honor any deal whatsoever? That's the biggest question. What are they gonna honor? We know for sure, when this deal gets done,

• 20:35Tom Ellsworth?

  the people who are gonna be living in the country will suffer. They've already suffered enough, and they will continue to suffer, and that's horrible. Uh, the Gulf states in that region understand fully the threat of Iran now. They flirted with it for a while. Let's be real here. They knew. Israel's known this for a while, but now all the Gulf states know. So they're gonna be left sort of holding the bag, being like, "So whatever deal gets done, whatever nuclear deal, whatever uranium deal..." They're gonna get some amount of cash. They're gonna freeze these assets, whatever that is from sanctions. They're gonna reopen the street. And now everybody in that neighborhood is gonna be left with and sort of empowered Iran.

• 21:17Tom Ellsworth?

  Even though they got their ass kicked, they still gonna come back and say, just like you said, Pat, that they won.

• 21:24Patrick Bet-David?

  Vinnie, your thoughts?

• 21:25Speaker 04

  Yeah.

• 21:26Tom Ellsworth?

  No, no, go ahead.

• 21:26Speaker 04

  Okay, well, well, Pat, first of all, great tweet. You broke like that was broken down. And I think I agree with every single thing that you said. I'm the one of the biggest losers. One of the biggest things that disgusted me, I'm not surprised, but it disgusted me. It are the warhawks like the Ted Cruz, the Lindsey Graham.

• 21:45Patrick Bet-David?

  Can you pull up Ted Cruz's tweet?

• 21:47Speaker 04

  And Mike Pompeo, Lindsey Graham. It's almost as if, Pat, these, these demons are pissed off at peace. Like tweeting and trying to undermine.

• 21:58Patrick Bet-David?

  You know, if they're demons, maybe that's just their values. I maybe maybe like Ted Cruz doesn't, to me, is not a demon. If you're Ted Cruz is a, he wants this thing to be done. He wants, he wants a war. He want boots on the ground.

• 22:11Speaker 04

  Yeah, he wants people to die.

• 22:12Patrick Bet-David?

  Perfect. No, well, I understand, but to me, it, there's two different things, Vinnie. For us to jump and just say they're demons. I'm gonna read the tweet and I want you to give your opinions on it. Okay. I am deeply concerned about what we are hearing about an Iran deal being pushed by some voices in the administration. President Trump's decision to strike Iran was the most consequential, da, da, da, da, da. Okay, he was so right to do so. If the results are that Iranian regime still is rammed, chant to death America. Now receiving billion dollar in rich uranium, all this other stuff. The details are still coming out and I pray their reports are wrong and that the fact that Biden's Rob Malley is praising the deal is not encouraging. President Trump believes in the peace deal. Okay, so that's what he said. Can you go to Mark Levin? Uh, not Mark, am I saying his name? Mark Levin. Mark Levin, yeah. Mark Levin, uh, same.

• 22:57Patrick Bet-David?

  Uh, now Mark Levin is gets very emotional, Vinnie, on, on what he's saying. So I'm gonna, I, I want you to give your thoughts on this. Go ahead, Rob.

• 23:05Speaker 04

  It was simple.

• 23:07Patrick Bet-David?

  Oh, Rob, this is two minutes.

• 23:08Speaker 04

  This regime needs to be defeated. And I'll leave it to the experts to figure out, but there are general things that need to be done.

• 23:14Patrick Bet-David?

  Number one militarily. Okay, you can pause it there, but he goes into a tweet himself. Julius, don't worry about it. We'll deal with it afterwards. I'm good with that.

• 23:21Speaker 04

  And what does he say exactly?

• 23:22Patrick Bet-David?

  So he's saying this regime needs to be defeated because it's, you know, it's killing its own people, all the other stuff. For sure. I agree with that, that the regime is a bad regime. So Vinny, I want to come back to you.

• 23:32Speaker 04

  Yeah.

• 23:33Patrick Bet-David?

  To automatically say, I don't think, you know, I disagree with Tucker. I don't think he's a demon. I disagree with a lot of things that some of these other guys say. I don't think they're demons. I don't think Mark Levin is a demon. I just think he's a pro-Israel, Israel first type of a guy. And that's his position. You know, a lot like we got, we got a message from a guy this weekend who's a Muslim. Can't believe you're doing this, Vinny. It's because of you that the shooting happened. You're the one that's. Do you think he's a demon? Do you think that guy's a demon?

• 24:02Speaker 04

  I don't think he's necessarily demon, Pat, but what, what is his soul captured by and who is he answering to?

• 24:06Patrick Bet-David?

  Not the one you and I are free of.

• 24:08Speaker 04

  100%.

• 24:09Patrick Bet-David?

  But guess what? That's his choice.

• 24:10Speaker 04

  Very true, but I think.

• 24:11Patrick Bet-David?

  That's his choice.

• 24:12Speaker 04

  But I think you are serving something. If, if I'm serving Jesus Christ and, and God, Pat, and you're serving something else, even if you're blindly and you don't know and your soul's captured, you're a soldier for, for the devil. That's, and I, I throw the word, the word demon, but Pat, if your attitude, not you, if their attitude is, I, boots on the ground, I don't care. They need to figure out regime change. We're, we.

• 24:35Patrick Bet-David?

  That I agree. That I fully agree.

• 24:37Speaker 04

  But if you're, if, if they're pro, send people's kids to go die for something. And mind you, they have no game plan. His, his thing is let the experts figure it out. We just figured out Iran is not going to fold. And boots on the ground is going to mean an endless war and everybody's going to die. Because those people, and you guys made great points, Adam, though the people that I was under the impression that we were there to help, they are beyond screwed because now the RGC is going to be like, yay, we're better. And then they're going to turn back at the people and go, you guys were against us. Now the torture, now the murder, and guess what? No cameras, no internet, no nothing. So.

• 25:14Patrick Bet-David?

  You agree with Mark Levin?

• 25:16Speaker 04

  No, no, no, no, no, no, I, I obviously agree with regime change. Show me how you're going to do without killing everybody.

• 25:22Patrick Bet-David?

  Right.

• 25:22Speaker 04

  But I'm like, you're going to have to kill boots on the ground. No, no, I don't want any of our boots on the ground. Because I was under the oppression and I think Trump with a little bit of people in his ear like Lindsey Graham and everybody, this is going to be a Venezuela. We're riding high.

• 25:37Patrick Bet-David?

  By the way, it's, it's an interesting point you're making. Did you know, have you seen Lindsey Graham lately?

• 25:41Speaker 04

  No.

• 25:41Patrick Bet-David?

  Do you remember for about six weeks, Lindsey was everywhere carrying flags?

• 25:45Speaker 04

  Yeah.

• 25:46Patrick Bet-David?

  Where's Lindsey been the last few weeks?

• 25:48Speaker 04

  Besides Disneyland?

• 25:49Patrick Bet-David?

  Well, besides Disneyland, but around the president.

• 25:51Speaker 04

  I haven't seen him.

• 25:52Patrick Bet-David?

  Why do you think?

• 25:53Speaker 04

  Maybe for the image of him being in his ear and bothering him, they're like, yo, get the hell away from us.

• 25:58Patrick Bet-David?

  Maybe the president was willing to hear a lot of things out, and then he's like, it's just not the position I'm taking. And then they disagreed, and we're like, that's not good, you're not making a right move. I don't care whether you think it's a right move or not, I'm not going here. You want to say something, Tom?

• 26:13Tom Ellsworth?

  No, I'm listening.

• 26:14Patrick Bet-David?

  Yeah, I don't want to go here, right? I don't want to go to this place to have an endless war, it's just not what I believe in. So, maybe someone, what is the likelihood that a night, he's by himself, quiet, somebody that he values, he just comes in and says, hey, just out of curiosity, Donald, person that could call him Donald, one of those people.

• 26:34Tom Ellsworth?

  Okay.

• 26:35Patrick Bet-David?

  Do you really want to extend this war? Now, is this really that important to you? We can't have them have nuclear weapons. I get it, but do you really, really want to extend this war?

• 26:46Patrick Bet-David?

  Was never part of your plan. No, it's not. Well, why don't we just get the enriched uranium out, get a 20-year contract, and then let the next guy have to deal with this? I think that's what I'm probably gonna do. Maybe that's what happened. By the way, that decision doesn't mean it is beneficial for the innocent Iranians that are getting slaughtered.

• 27:07Speaker 04

  Yep.

• 27:07Patrick Bet-David?

  But guess what it is, though? That is a decision that is truly a America-first position. So, to him, he may be saying, I am America-first. I'm willing to help out a lot of different people around the world, but not at the cost of us having to go through it at these levels. This is my threshold, this is where I'm willing to go to. Past is, guess what, Israel? It's your problem, you handle it, you say you don't need money from us anymore the next 10 years? Because in a way, when Bibi also says that, how do you think Trump receives that message? I want you to think about it. You're Trump, you hear Bibi says, the next 10 years, we're no longer going to rely on America for money anymore, the 3.8 billion, even though we buy 80% weapons.

• 27:52Patrick Bet-David?

  Trump sees that on TV when he's saying that in an interview, how does Trump handle it?

• 27:56Tom Ellsworth?

  Well, in my opinion, they probably privately discussed that. And so I don't think that caught him off guard.

• 28:01Patrick Bet-David?

  I don't think it caught him off guard, but what do you think Trump also sees when he sees that?

• 28:04Tom Ellsworth?

  If you want to go there, he's probably like, oh, okay, you don't need our help? Well, we'll see about that. But what Bibi said wasn't necessarily not financial assistance, but working out a partnership, like where it works for both sides.

• 28:16Patrick Bet-David?

  But it isn't a way of saying we don't need money. Remember, Trump is a guy, in my opinion, that comes in as watching everybody kind of make their moves and maneuvers. And then he's making his adjustments, his decisions, and then Bibi is probably sitting now, he's saying, hey, if you think you got it, you got it, go get it.

• 28:33Tom Ellsworth?

  Yeah.

• 28:34Patrick Bet-David?

  Why don't you handle it from here on?

• 28:35Speaker 04

  Let me ask you a question, though, and I think you hinted at this. So I love the plan. Get the uranium, because that's what everybody, the main thing is, well, I thought it was the people, but no nukes. Iran could have no nukes. But you mean to tell me you're going to give them six to however more billion dollars? And trust the same people that are full of you know what, to do what with this money? So it's basically going back to square one, Pat, right? If you're going to give the IRGC all these billions of dollars and say what? You guys better not do terrorist stuff, you better not fund terrorist stuff. That's who we're dealing with. So it's like going back to square one. So it's a little, it's a little...

• 29:12Patrick Bet-David?

  So what would your advice be? Boots on the ground or no boots on the ground?

• 29:15Speaker 04

  No boots on the ground. I mean, we are where we are right now. I just wish the information that people were giving the president, Pat, was more realistic and not trying to benefit them.

• 29:25Patrick Bet-David?

  Fair.

• 29:25Speaker 04

  That's what I think, because I believe, by the way, he's not stupid at all, but Pat, if you were to me going, hey, Vinnie, I'm telling you right now, bro, you just killed it in Venezuela, we're going to be good. He's doing it, and he's doing it. And then a couple of other friends go, Vinnie, I know you love them, but don't listen to them. And you're like, bro, I got this. And then all of a sudden, we are where we are, and then it's like, oh, damn, we got to get the hell out.

• 29:47Patrick Bet-David?

  Adam.

• 29:47Tom Ellsworth?

  I'll just give some quick feedback. Everything comes down to a question that you asked, we've discussed before. What hill are you willing to die on? And for me, was this a top three issue for Trump? Maybe a three, certainly not a one or a two. Maybe a top five, certainly a top 10.

• 30:07Patrick Bet-David?

  It's definitely not a top three.

• 30:09Tom Ellsworth?

  No.

• 30:09Patrick Bet-David?

  Okay, but.

• 30:09Tom Ellsworth?

  Of course.

• 30:10Patrick Bet-David?

  I'm with you.

• 30:10Tom Ellsworth?

  Fair enough, got it.

• 30:11Patrick Bet-David?

  But where does it stand for Bibi?

• 30:14Tom Ellsworth?

  Where does it stand for Israel? This is number one. This is existential. By the way, it's also a number one for who else?

• 30:20Patrick Bet-David?

  For Gulf.

• 30:20Tom Ellsworth?

  For Iran and the Gulf.

• 30:22Patrick Bet-David?

  Iranian, Iranian.

• 30:24Tom Ellsworth?

  Iranians, well, the IRGC and the Islamic Gulf of Iran. This is also number one, meaning because it's an existential threat to their existence.

• 30:32Patrick Bet-David?

  So not America.

• 30:33Tom Ellsworth?

  Correct. So when it comes to an existential threat to your existence, that's the hill you're willing to die on. And that's why Israel and Iran are so entangled in this. Is America entangled in this? Of course. Is this where we're gonna hitch our wagon to? Of course not. So to me, Trump would love to get in, get out, move on to the next one, i.e. China, i.e. Monroe Doctrine, Don Ro doctrine, i.e. America first. To me, there's no question of boots on the ground. That's not happening here. You asked about, I wish that people, you know, stop putting their interests into the president's ear doing that. Yeah, but unfortunately, Ben, that's called America and that's called lobbying. We have an entire industry based on lobbying where the entire premise is go talk to the higher ups in power

• 31:18Tom Ellsworth?

  and tell them what you want out of this. That's the way that this works. So whether it's Ted Cruz, whether it's anyone on the left, the right, they all have, they all have interests. And then last thing, I think Pat touched on it. At this point, you're calling so many people demons. I don't know who the actual demons are. So let's figure out who the demons are.

• 31:37Patrick Bet-David?

  You do as well, they don't act innocent. You do the same as well.

• 31:40Tom Ellsworth?

  Hold on, sir.

• 31:40Patrick Bet-David?

  Not demons.

• 31:41Tom Ellsworth?

  You said I've used the word demons.

• 31:42Patrick Bet-David?

  No demons, that's his word. But no, you'll call.

• 31:44Tom Ellsworth?

  That's what I'm asking.

• 31:45Patrick Bet-David?

  You'll call out as well. You'll call out.

• 31:47Tom Ellsworth?

  Call out is different than demon.

• 31:49Patrick Bet-David?

  You will, but you will use certain names for them as well.

• 31:52Tom Ellsworth?

  Such as?

• 31:53Patrick Bet-David?

  Names for Tucker, names for Candace, you'll call it as well.

• 31:56Tom Ellsworth?

  I've said Tucker's been gone insane.

• 31:58Patrick Bet-David?

  Let me tell you what.

• 31:59Tom Ellsworth?

  He's the one that said he got scratched by a demon.

• 32:01Patrick Bet-David?

  Let me tell you, I, he's changed his position. Whether he got paid or not, I don't know. I saw a report coming out from Alex and, and Paula, Anna Paulina Luna, that they're about to release that influencers got paid from foreign nations. If they did, and that is true, what do you call those guys? If they did. What do you call those guys? If you're getting money from another country, crony capitalist? No, no, no. Traitor. It's a traitor. You're a effing traitor. The word is a traitor. If you got paid, if I go to Anna Paulina Luna. Traitor. Yeah, Anna Paulina Luna said, if you did. Now, we don't know, again, this is all what? Every one of these, I have camera, look at Alex's tweet, can you click on Alex's tweet?

• 32:43Patrick Bet-David?

  So Alex is, if you guys don't know who Alex is, he is with the president all the time. He is a Trump advisor, young guy. Social media. So we are aware of multiple foreign influencers campaigns that are actively tracking both the intermediary companies receiving these funds that's passed through the influencers who are failing to disclose their compensation. We need far stricter disclosure laws for foreign influencers marketing ops. And if you go back, Paula, Anna Paulina Luna says what? She says, I have confirmed this is true and there are receipts. Well, guess what? I can't wait to see it. And when that happens, when that happens, you know what you are? You're dividing America, confusing the hell out of the young people. And I don't think long-term, that is sustainable.

• 33:27Patrick Bet-David?

  Tom, any thoughts you have on this story before we move on?

• 33:29Tom Ellsworth?

  Yeah, I can't wait to see this list for one reason. I want to see the before and after, because then America gets to see it all. If I've always loved vanilla ice cream, love vanilla ice cream, love vanilla ice cream, and then India gives me, I say, hey, we harvest a lot of vanilla bean, we'd like you to be a spokesman for vanilla. And they're paying me? And I don't move my position? That's one thing. But I think people are moving positions, and I think there's people moving around. And I can't wait for that data before and after to be on the stage.

• 33:58Patrick Bet-David?

  By the way, just to, I think it's important because the audience is probably going to connect to you, Tom's favorite ice cream flavor is rainbow sherbet. It's his favorite.

• 34:05Tom Ellsworth?

  Really?

• 34:06Patrick Bet-David?

  And by the way, so does Brooklyn. Brooklyn, they love it, Tommy.

• 34:09Tom Ellsworth?

  West Hollywood rainbow sherbet.

• 34:11Patrick Bet-David?

  But anyways, going back, look, the reason why I'm doing this, the reason why I'm doing this is the following. All, the only reason I'm doing this is the following. We have to be able to reason and understand the other side's position. You know who's been able to do this eloquently the last 10 years? The president. He negotiates with Putin, he negotiates with Xi, he negotiates with the Syrian president, he negotiates with all these guys, and guess what? He doesn't agree with a lot of things these guys are doing. And he's still able to sit there and negotiate with them and give them their thoughts. I do think that a lot of people that wanted this thing to continue and have boots on the ground, they're part of the loser camp and they're not happy right now, but the worst loser out of everybody is the Iranian people.

• 34:55Patrick Bet-David?

  Guy sends me a monack this morning. Uh, uh, it's an audio, so I can't even play it because I want to keep the privacy for this guy. And he's saying, I think RP is good for phase two and phase three, but he's not good for phase one. And phase one is requiring somebody to get RP's res up. Alivi requiring to get some of the military to want to turn or whatever. I'm, I'm saying that he didn't really say that because he only had 30 seconds on my neck. The reality of it is, the Iranian people, the 81%, according to the study that was done by Gammon in Netherlands, I believe. The 81% of Iranians who were hoping this was going to be gone, they're going to sleep having lost hope because guess when's going to be the next time that Iranians are going to be this close?

• 35:38Patrick Bet-David?

  For having a possible revolution, guess when's the next time this is going to happen? It might not ever be. It might never be, and you're absolutely right. And by the way, There's no scheduled election. It breaks my heart, but if there's any hope to the Iranian people that are watching this is the following. If you, if you just lost, the Iranian people that wanted to be free, they just lost, okay? All right. So you have to step back, you have one or two choices. The next time you're going to have a Trump to help you out is going to be a long time. It's not going to happen for decades, right? Well, maybe a review. This was the closest you ever got. You have to sit there and put a true campaign together on how to flip people in the military internally. And for you to be able to do that, you got a lot of work to do.

• 36:19Patrick Bet-David?

  It's going to take a long time because they're going to come out so much stronger than they were before because this is, this is possibly the greatest victory Iran has had in the last forty seven years purely propaganda wise. I'm not talking a victory propaganda wise. Are you kidding me? I would love to see what they're saying on TV right now. I would love to see what they're preaching from the pulpit. I'd love to see what messaging they're giving. That we went up against Venezuela couldn't do it. This person couldn't do it, but we won. And look at us now. We did the deal with the person that everybody was supposed to fear.

• 36:54Tom Ellsworth?

  The great Satan is backing down.

• 36:56Patrick Bet-David?

  Something like that. So but anyways, I forgot to do the announcement of a vault speaker. So to all the people in BDC that are sitting there at the office waiting for it and everybody else. We officially have our speakers for the vault conference finalized. And I waited till the last one and the last one I literally got the confirmation last night at eight PM, seven PM ish. When I got the text that we're done done and I wanted to make sure we put an event together. Where we talk about everything that's going on with AI, the good, bad, the ugly and how to leverage it. One of the biggest names on AI we're bringing. Are you going to know who he is? Many of you will. I wanted to talk about the importance of having running mates because for me. Winning at the highest level, you need a running mate. Tom is a running mate. You go faster when you find your running mate.

• 37:42Patrick Bet-David?

  So I brought two people that ran together and won multiple championships together. And then I wanted to bring somebody that your sons, a lot of you guys are bringing their sons and their kids on social media. To be able to know how to build a brand, maybe the guy that was able to do this at the highest level. Uh, uh, and who is one of the biggest names right now on social media who's very successful, made a lot of money as well. And last but not least, one of the biggest podcasters in the world. Who does it in a way that's very different than everybody else? And he's killing it. He's got almost twenty million subscribers on his YouTube channel. With that being said, these are the speakers at the vault conference twenty twenty six MGM Grand Arena. Go ahead, Rob.

• 38:22Patrick Bet-David?

  The beautiful thing about these events.

• 38:27Patrick Bet-David?

  You know how quickly it goes?

• 38:30Patrick Bet-David?

  Like this.

• 38:33Patrick Bet-David?

  Is everybody ready to get started?

• 38:36Adam Sosnick?

  At Edward Jones, we believe rich is about taking care of what gives your life meaning. That's why your financial advisor personalizes your plan to help you preserve your progress and create something that lasts. Let's find your rich Edward Jones. Member SIPC.

• 38:57Speaker 07

  unique challenges of frontline work powered by people first AI and decades of labor data. UKG turns workforce intelligence into real time decisions around staffing, pay, compliance, and productivity, enabling every worker to confidently take action as work happens. Because when work works, everything works. Learn more at ukg.com/work. UKG, HR, pay, and workforce management.

• 39:21Speaker 00

  Purchase new carpet from The Home Depot and get it installed for free right now. Shop the stylish choices and simple pricing of carpet from Home Decorator's Collection, Traffic Master, or Life Proof with Pet Proof Technology, and see for yourself why nobody beats our prices. Enjoy new carpet with free installation right now at The Home Depot. Offer valid October 15 through November 1, 2026. Exclusions apply. For licenses, see homedepot.com/license.

• 39:51Speaker 01

  Welcome to the 50th Hunger Games. Witness the beginning of the revolution.

• 39:55Speaker 07

  Hey Mitch, you've been trying to take down these games from the start.

• 39:58Speaker 01

  Film for IMAX.

• 40:00Speaker 07

  Make them remember you.

• 40:02Speaker 01

  The Hunger Games: Sunrise on the Leaping, November 20, rated PG-13.

• 40:07Speaker 05

  Hey, listen. Power up your play with Nintendo Switch 2 and experience Link's legendary adventure, now reborn in vibrant detail on our fastest and most powerful system yet.

• 40:20Speaker 05

  And harness the power of the Ocarina with the built-in microphone.

• 40:29Speaker 05

  The Legend of Zelda: Ocarina of Time, a Nintendo Switch 2 exclusive. Game and system sold separately. Game rated everyone 10 and up.

• 40:38Speaker 04

  I've helped over 10,000 business owners grow and scale their companies. I'm just passionate about watching entrepreneurs create great business.

• 40:47Speaker 00

  You get guys like Jerry Rice. That was his work ethic.

• 40:51Patrick Bet-David?

  Both Joe Montana and Jerry. Great things on the football field.

• 40:54Speaker 00

  Wow. The single most important trait I had was a healthy dose of delusion.

• 40:58Patrick Bet-David?

  Stephen Bartlett.

• 40:59Speaker 00

  And I always would see you. Also referred to as self-belief.

• 41:02Patrick Bet-David?

  Coming from UK. When I can do something that I love, that is good.

• 41:07Tom Ellsworth?

  Get out of here.

• 41:08Patrick Bet-David?

  And I can make content out of it.

• 41:09Tom Ellsworth?

  That's sick.

• 41:13Tom Ellsworth?

  That's so cool.

• 41:14Patrick Bet-David?

  That's a great lineup.

• 41:16Tom Ellsworth?

  Good for you Logan.

• 41:16Patrick Bet-David?

  It's a phenomenal, phenomenal lineup. Vault Conference MGM Grand Arena. If you haven't yet registered, listen, CEO tickets, which there's only 500 of, less than 100 left. Go to Vault2026.com, Vault2026.com, get your tickets. We have companies that are bringing, one company from France is bringing 500 of their sales reps. From France, did you hear what I just said?

• 41:44Tom Ellsworth?

  Wee wee.

• 41:44Patrick Bet-David?

  From France, wee wee, yes. So some of you guys are on the sales team, you have your executive team, a lot of guys bring their family, their partners, and also with some of you that want to have your kids learning on how to create content, the way that Logan and Jake Paul have, and then they became who they are today with their businesses, you may want to bring your kids as well. So go to Vault2026.com, get registered, we cannot wait to see you, it'll be the greatest Vault Conference we've ever had, cannot wait to see everybody there, okay. With that being said.

• 42:13Tom Ellsworth?

  Which is the one that you finalized last night at 8pm?

• 42:16Patrick Bet-David?

  Uh, Logan Paul, Logan Paul was last.

• 42:18Tom Ellsworth?

  That's cool.

• 42:18Patrick Bet-David?

  7pm, 7pm.

• 42:19Tom Ellsworth?

  He was the last man?

• 42:20Patrick Bet-David?

  He was the last one, but we got it done yesterday because he's coming from a complete different area and it's gonna be, it's gonna be busy, okay.

• 42:27Tom Ellsworth?

  300 page book we got going there.

• 42:29Patrick Bet-David?

  Yeah, 296 page.

• 42:30Tom Ellsworth?

  This is the first year that we're not doing it in Florida, we're doing it in Vegas.

• 42:33Patrick Bet-David?

  First one, we're not doing it in Florida, it's going to Vegas, and a lot of people on West Coast are excited about it, but people are coming from all over the world. All right, so let's get into the next story. The next story I want to get into has to do with, you know, a CEO of Bolt, I'm gonna go business, we'll come back, we got a lot of other stories we'll get into, but I want to go into a business story here. Bolt's CEO, all of a sudden, decides to fire his entire HR team, and people are like, wait, what? Yep, he decided to get rid of his entire HR team, here's he is explaining why he did so. Go for it Rob. We got rid of our HR team. Why? We had an HR team, right? And that HR team was.

• 43:15Speaker 05

  Creating problems that didn't exist. And those problems disappeared when I let them go. Why? Why did you get rid of your HR team? We replaced it with a couple person people ops team. Huh. Which was meant to just streamline people operations. Okay. I can't say that I would advise the same in a large company. But we're back in, we're back in startup mode again. Those HR professionals have really important insights. Yeah. When you're in a peacetime and when you're at a larger company. But you know, we're a remote company. It's not like, you know, a lot of the potential issues that you would have in a workplace don't really exist because you're not in the same room as somebody.

• 44:00Patrick Bet-David?

  You can pause it right there. Tom, thoughts on this? Because we've been dealing with HR for a long time. Insurance company, currently what we're doing, they play a very important role. But why do you think sometimes HR and the company have issues?

• 44:10Tom Ellsworth?

  Well, I think that as companies are growing, right? Everybody in the company sometimes loses sight of the vision of the company and what you're really trying to do. And what he was talking about, Ryan Breslow was talking about, when HR creates problems that really don't exist. And this is what it'll sound like. If you have your own, by the way, this is one of the things we're going to talk about at Vault. So we're going to talk openly about HR, managing people, developing teams and all that.

• 44:37Patrick Bet-David?

  We're actually bringing employees up on stage to show how we calibrate. And we openly expose our conflicts. And it was one of the most, biggest highlights we had at SLS that we did. It was, everybody was talking about it. Go ahead, Rob. Go ahead, Tom.

• 44:50Tom Ellsworth?

  Exactly. And so what you have is, you know, withholding information or, you know, taking, walking into, Pat and I built experiences. You know, at, we had HR at PHP in Dallas. Everyone is saying that. All the people are talking about, everybody is upset about.

• 45:12Patrick Bet-David?

  They said this.

• 45:13Tom Ellsworth?

  They said, so they, everybody, I said, okay, send an email to they, everybody and someone. Have they, everybody and someone meet me in the conference room? Well, I can't do that. They spoke to HR in confidence. So, HR then is divisive. Oh, really? So, you're holding all these secret conversations? That doesn't work. And so, then you drill down and you find out it's one or two people. And HR in a small organization is getting its legitimacy by, by literally manipulating information. And so, if you have a small HR group and they're not working to drive the company forward. And they're not looking to help hire with speed.

• 45:57Tom Ellsworth?

  And they're not looking to, you know, have programs and benefits and things in there, you know, at the lowest cost and work for that. And then you've got this little HR group, which everyone feels like is the Gestapo. Then guess what you need to do? Take the Gestapo to the firing squad, you know, and that's what Ryan Breslow did.

• 46:16Patrick Bet-David?

  The firing squad?

• 46:17Tom Ellsworth?

  Well, no, no.

• 46:18Patrick Bet-David?

  Getting them fired.

• 46:18Tom Ellsworth?

  He fired all of them. I'm using fired, fired. I'm not saying be violent. But, but he brings out a good point. Apparently, he had one of those HR departments that was manipulating things, taking things. And it just doesn't work. If you're not, if you're not there to help build the company and here to build people up and enable people, then you're the, you're the cops.

• 46:40Patrick Bet-David?

  Go ahead.

• 46:41Adam Sosnick?

  You want to finish? Okay. The reason I think that you wanted to discuss this story is because one of the books that you always, always mention that I, you know, consistently revert back to when I'm trying to understand business and concepts and startups is Barbarians of Bureaucrats. This would seem to me that the, this guy was probably the prophet, right? He had his barbarians and he had his flag carriers. And at some point, the startup culture turned into a bureaucratic nightmare with red tape.

• 47:07Patrick Bet-David?

  Were you going to make a point or are you going to go to the book? Are you asking a question?

• 47:12Adam Sosnick?

  Yeah, I'm, I'm asking if this is the reason.

• 47:15Patrick Bet-David?

  No, was that really the question to ask if I? You didn't even let me finish my entire situation here. Because he's making a point. If you have a point, make the point. I got a point to make. Go ahead. What's your question? I'm done. Okay, so then let me get into the point, because this is an HR. I was done, by the way. I understand that. So the part with HR is the following, Tom. In HR, sometimes you get some people that when it's wartime, and I think the guy was talking about it, they have things to fix. When there isn't a war, they create problems to fix them. Okay, and it's not necessary. Because it's kind of like, am I valuable, am I valuable, am I valuable? Let me create a problem. Here's another one.

• 47:58Patrick Bet-David?

  Triangulation is sometimes when you're a business owner, you're running a company, it's kind of like, hey, Adam, what do you think about what Vinnie said about you? And I heard Vinnie said this. And then, no, Vinnie, I heard Tom said this about you. And then I'm creating and I'm pinning all of you guys against each other, which it becomes a problem. I will tell you, there's only one shirt I've ever bought that said, "I am that department." And you know what it is? I bought a shirt. You know what the shirt says? "I am HR." You know why? Because I am HR. I had a meeting with our HR team. I had a lot of meetings with our HR team last 12 months. But I went and I said, "I am HR." This is not our shirt, Rob, it's not, yeah, but it looks something like that.

• 48:41Patrick Bet-David?

  So I said, "I am HR. There's not a single department that's more important to us right now for our growth level than HR." Why? We hired 17 new people last Monday. You have to get the comp right. You have to get the benefits right. Speed of hiring and growing, very, very important on how HR does it. You understand what I'm saying? Hundred percent. So if done right, there's no way you build a big business without a great HR. I remember one time RJ and I were talking, and out RJ draw up in the interview, I did six interviews with this guy.

• 49:13Patrick Bet-David?

  I had him draw up the Uber chart that they had on how many people in each department. Cause he used to be at Uber and he was the chief data officer at Uber time, if I'm not mistaken.

• 49:24Speaker 04

  Yep.

• 49:25Patrick Bet-David?

  Do you know how many talent acquisition people they had at Uber? Talent acquisition is people that hire people. 250 were W2 employees, 250 were independent contractors. All they do all day, you know what they do?

• 49:35Speaker 04

  Filter the good people that work.

• 49:36Patrick Bet-David?

  All they do is they hire.

• 49:37Speaker 04

  500 people?

• 49:38Patrick Bet-David?

  500 is independent, 250 is W2. And all day, so you got employee relations, you got ground, somebody that's taking care of the grounds. Like you know here who it is, Barney.

• 49:49Speaker 04

  The man.

• 49:50Patrick Bet-David?

  You know how much stuff Barney has to do?

• 49:51Speaker 04

  Oh my goodness.

• 49:51Patrick Bet-David?

  There's a lot of stuff that when you're dealing with HR, it's super, super important. But my God, if they get in the way and they play politics, they become the CEO's number one enemy because they create problems that don't exist. And then you know what happens? There's noise. If there's noise, what do you do? You lose speed. So this is why I love this story and why it's out there. And I think it's necessary for a lot of other entrepreneurs to pay close attention to this. Cause if you don't, it has what it takes to create so much noise in your company and slow you down. At the last event that we had at SLS at Trump Doral, we brought two of our employees who had massive issues with each other for about a couple of weeks. And we had them openly talk about what happened with them calibration wise. And they, they openly said, this is the issue. I was about to quit, I was going through this, you know, the details.

• 50:36Patrick Bet-David?

  And the honest, wait a minute, you guys are this open about it? We're this open about it. And we created a system that made it very clear for everybody to calibrate on who succeeds and who doesn't succeed based on five markers that we look at. Effort, attitude, leadership. Uh, uh, uh, you got effort, attitude, leadership, innovation and results. We score you on that and then every quarter we see who's improving, who's not. And then you can give raises to the people that are, you can give promotions to the people that are, and identify who you have to move on with. Some people you have to move on with with the company, but sometimes HR creates too much noise. Now Adam, do you have a question? No, sir. Okay, beautiful. Let's move on to the next one. And Vinny, I know you have a lot to say about HR, but if you don't mind, I'm gonna save your energy for the next time.

• 51:17Speaker 04

  I'm gonna just, I'm gonna bottle it.

• 51:19Patrick Bet-David?

  All right, next one, next one I want to go to is Tulsi Gabbard resignation, okay? Tulsi Gabbard resigns as Director of National Intelligence. A lot of people were, you know, creating rumors that this may be coming up, whether she could be the next one. Because who was it? It was Pam Bondi, and then who else was it? Kristi Noem. And so now.

• 51:43Speaker 04

  Cash was on the list.

• 51:44Patrick Bet-David?

  Cash was on that list, but this is official now. Pam Bondi, then Kristi Noem. And that's Tulsi Gabbard. Rob, this is it. Unfortunately, after having done a great job, Tulsi Gabbard will be leaving the administration on June 30th. Her wonderful husband Abraham has recently diagnosed with a rare form of bone cancer, and she rightfully wants to be with him, bringing him back to good health as they currently fight a tough battle together. I have no doubt he will soon be better than ever. Tulsi has done an incredible job, and we will miss her. Her highly respected principal Deputy Director of National Intelligence, Aaron Lucas, will serve as the Acting Director of National Intelligence, President Donald J. Trump. Vinny, what are your thoughts on this story?

• 52:21Speaker 04

  Again, going back to the people that were just like automatically, Pat, everybody thinks that they know everything. It's like, oh, my God, this is the piece. It's like, her husband, and our prayers go to this guy and their families, is, has freaking bone cancer. As if what? Is it a made up story? Is it a made up story? This is an actual thing that's happening. We know Tulsi. We're gonna pray for her. We're gonna pray for her husband and hope that it gets, and they get through it, God willing, okay? But the fact that everybody automatically, or everybody, who was it? Laura Loomer? Everybody like good riddance and good. It's like, shame on anybody that was out there talking crap about her or her job or what she's doing. Mind you, this is a girl that left her party

• 53:02Speaker 04

  to come to, to help the president, and I don't know if anybody else is complaining about how safe a national intelligence. I feel pretty damn safe with her at the helm, and she's stepping down. All I can say, Pat, is she did a great job. God bless her, and I hope that the future for her and for her husband is good.

• 53:17Patrick Bet-David?

  Adam? I'll just say this, as someone that, my significant other, my ex-girlfriend, did have to go through.

• 53:23Adam Sosnick?

  Cancer and I know what it's like and this is her husband. So I'll just say this that some things are bigger than politics. Some things are bigger than business. Some things are bigger than anything in life. And I'm just going to take it at face value here. That she legitimately stepped down because her husband Abraham is fighting a parent severe form of extremely rare form of bone cancer. So some things are just what they are. I'm sure there's going to be ridiculous storylines out there from the left and the right questioning. What her loyalty is and what her agenda is. For me, until I hear anything substantive and different. I'm just going to say, uh, respect to you Tulsi. Thank you for your service to this country. I hope you and your husband get through this. I hope he gets through this.

• 54:06Adam Sosnick?

  And as someone that knows Tulsi, like we've met Tulsi over the years, praying for you.

• 54:10Speaker 04

  And my father, Pat, just really, really quick, because you, you, you hit on it. My father. His cancer went from lung to bone to brain. And I'm telling people my, if my mom was out and by the way, how hard you think the DNI is? She's out, she's never home. She's always out there. She's always at work. You have to be there for the person. Okay. Cause I'm pretty sure he's going to be going through chemo and stuff.

• 54:31Patrick Bet-David?

  You think, you think this is the main reason why she stepped down?

• 54:34Speaker 04

  I think right now, Pat, I think so.

• 54:36Patrick Bet-David?

  You think, Tom, do you think this is the main reason why she stepped down? I have a hard time believing that. Don't get me wrong. Uh, I think Tulsi played a very important role in 2024 when she joined the team. I think Tulsi played a very important role, her and RFK, very, very important role while they were campaigning. Do I think this is really happening? Of course, 100%. Do I think this is the number one reason why they're stepping down? I don't think so. I think there's more to it. And, and I, I hate to be the guy that's going to go take that position, but I just, I, I think it's more than that. Tom, what, what do you think?

• 55:07Adam Sosnick?

  Uh, so there were very credible news reports coming out over the last two weeks that the CIA had pulled back documentation, the hard copy files. That DNI had pulled in and Tulsi wanted to declassify documents. Remember that was one of the, uh, the, the discussion points and one of the promises, associate promises that was made to the American people. That we're going to be declassifying documents. We're going to be putting truth out there. And supposedly, uh, Tulsi Gabbard and DNI were in the

• 55:33Tom Ellsworth?

  process of declassifying two weeks ago, I think it was. You know about that. Now then they came out and said, no, no, our office wasn't raided. Well, wait, where did the story come from? There were credible news media out there that said the CIA pulled back documents. Then even Tulsi said, easy, easy. It's really not, not all that. But there was, there was too much around this and too many people quoted and too many folks that were on top of this, like Anna Paulina Luna, that were saying, wait a minute, we can't be doing this. So that didn't come out definitive, but there was too much talking about it. It sounded like something really was there. If that's what

• 56:14Tom Ellsworth?

  was going on, that would mean that somebody's out there trying to frustrate her ability to do her job. And if she was facing a silent war inside the, let's call the CIA what it is, establishment, and she's out there trying to do her job, I could totally see that weighing on her. Then your husband gets cancer. God bless you. I hope it's, it's, it's workable. I hope you can, I hope the Lord gives you great peace and strength during this time, Tulsi. I hope so. We know you. But if that was on there at the same time, I could see it coming together where she says, I'm gonna tap out.

• 56:49Adam Sosnick?

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• 57:36Speaker 00

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• 58:05Speaker 01

  Welcome to the 50th Hunger Games. Witness the beginning of the revolution.

• 58:09Speaker 07

  Hey Mitch, you've been trying to take down these games from the start.

• 58:12Speaker 01

  Filmed for IMAX.

• 58:14Speaker 07

  Make them remember you.

• 58:16Speaker 01

  The Hunger Games: Sunrise on the Reaping, November 20th, rated PG-13. Hey, listen.

• 58:22Speaker 05

  Power up your play with Nintendo Switch 2 and experience Link's legendary adventure, now reborn in vibrant detail on our fastest and most powerful system yet. And harness the power of the Ocarina with the built-in microphone.

• 58:43Speaker 05

  The Legend of Zelda: Ocarina of Time. A Nintendo Switch 2 exclusive. Game and system sold separately. Game rated everyone 10 and up.

• 58:51Adam Sosnick?

  I'll just address sort of the

• 58:55Adam Sosnick?

  opinion that you may, you kind of shared, which is, all right, I said, listen, I'm taking this on face value that she went with her husband. At the same time, there is a chance that she's stepping away to, as they say, spend more time with the family, which was sort of planned. She might have been on her way out anyway, allegedly, and then this just might have just been the icing on the cake, so to speak. So it's almost like what came first, the chicken or the egg? But I do understand exactly what you're saying is like, she was also skating on thin ice, some may say, with the president.

• 59:27Patrick Bet-David?

  Yeah.

• 59:27Adam Sosnick?

  Here's what I'll, here's what I'll say. The most important thing, almost like the Iran deal, not even in terms of deal, what will Iran actually do when the deal is done? The question is, when he's, God help him, healed, what will she do next? Will she go the, the stay aligned with Trump loyalist route? Or will she go the burn it all to the ground, Joe Kent, Thomas Massey route? That to me is the question.

• 59:52Patrick Bet-David?

  Yeah, so, so this, this is, I don't think that's the number one reason. I think it's either, you know, because DNI, you have to realize, DNI is above CIA. Uh, D, D, D, yeah, DNI is above CIA.

• 1:00:06Speaker 04

  I think it heads DNI over like 18 different agencies.

• 1:00:09Patrick Bet-David?

  So it's not like, the, the, you think CIA likes being under DNI?

• 1:00:14Speaker 04

  No, they want to buy themselves.

• 1:00:15Patrick Bet-David?

  Hell no.

• 1:00:16Speaker 04

  Control, right?

• 1:00:17Patrick Bet-David?

  Hell no.

• 1:00:17Tom Ellsworth?

  The establishment, Virginia farm boys?

• 1:00:20Patrick Bet-David?

  How do you think CIA looks at DNI? How do you think CIA looks at DNI?

• 1:00:24Speaker 04

  Like, who are you to tell?

• 1:00:25Patrick Bet-David?

  Who do you think you are?

• 1:00:26Speaker 04

  Yeah.

• 1:00:26Patrick Bet-David?

  What are you talking about?

• 1:00:27Tom Ellsworth?

  Who put these guys over us? Have we been doing this since we killed Kennedy?

• 1:00:30Patrick Bet-David?

  Yeah, so I don't know if they can, they like giving up that much power to somebody that comes in. And maybe she was trying to do what she was, I'll speculate a little bit. Let's just kind of speculate because you know, my God, yeah, this is what I think. No, let's speculate. One is face value, the reason why she stepped down is husband challenges cancer, great. I understand it, tough, terrible situation and, and we've been around business for a long time where things happen and people have to step in. We go through things, but you know, so that's that. Number two is she felt like she couldn't get the job done. Okay, so that's number two. And she was kind of, her arms, her hands were, you know, tied behind her back and she couldn't do anything.

• 1:01:14Patrick Bet-David?

  Number three is that, that whole issue that happened with Joe Kent stepping down. And there was a story of Joe Kent going and meeting with Tulsi and also JD. I don't know if you remember when that story was released. There was a story about the fact that the three of them had a meeting together before his tweet and his resignation.

• 1:01:33Speaker 04

  I remember that.

• 1:01:33Tom Ellsworth?

  And they held the file for several months in the safe in her office.

• 1:01:36Patrick Bet-David?

  Yeah, so that, you know, that is automatically get you to, you, you think the president's automatically going to trust you? I don't know if he's going to trust, uh, with, with that taking place. So he gave you the job and then that's what happens. And then Joe Kent comes talks to you. And then when Tulsi was asked multiple times during the hearing, if you remember the answer she gave, I don't know if you remember the answer she gave. She said, the president, do you agree with the president's decision? And, and then she said, the president made the decision based on the intel that we shared with him. It's not the answer. It was, "Do you agree with the president's decision?" Do you stand with this statement? I do. Do you agree with the president makes the decision? Why do you guys even have jobs, right?

• 1:02:20Patrick Bet-David?

  So, there was something that happened here, Rob. Can you play, is it that clip? I don't know, it could have been that clip. Play the clip. I was just trying to go.

• 1:02:28Adam Sosnick?

  Only the president, only the only person who can determine what is an imminent threat is the president of the United States. Do you stand by that statement?

• 1:02:40Speaker 07

  Yes, I do.

• 1:02:42Adam Sosnick?

  Director Ratcliffe, do you agree with that assessment? That the president is the only person that can determine if something is an imminent threat or not?

• 1:02:50Patrick Bet-David?

  I don't know if this is it. There's a, there's a, there's a moment where she says, "He made the decision based on the information we shared with him." And then they ask, "But do you agree with the president?" And was kind of like, "That's not the point." The point is, we gave him the information. So, it wasn't an affirmative decision to defend. Now, you know, in her defense, Caroline Levitt stood in front of her, and if you remember that, Caroline Levitt defended her. Do you guys remember that day when Caroline Levitt defended her? Caroline Levitt stood in the front and said, "You know what? She is doing a great job, and you know, she's doing this, and it's the media, and you know, all this other stuff." And she kind of, not this one, there's one with Caroline. If you just tap in Caroline Levitt and Tulsi, and Caroline Levitt and Tulsi,

• 1:03:35Patrick Bet-David?

  you will see there was a moment where she's standing in front of Tulsi and defending her. So, I don't know. I don't know if there is a, Trump's got two more years left. Let's face it, right? Little over two more years, two and a half more years left to get things done. If all of a sudden, you feel like you're working with somebody who doesn't side with you and doesn't agree with you, and maybe you can't trust 100%, maybe he has to make a move. You never know. And Trump doesn't have a problem firing people. He move on in a heartbeat and go get somebody else and see, see who needs to be there. So, I don't, I don't know. I don't know where there is, but I have a hard time with this one just thinking it's dropping for that. Or you, you quit before you're gonna get fired. You know, some people, when they get a feeling they're about to get fired, and they typically quit before just to save face? Because Kristi Noem didn't.

• 1:04:20Patrick Bet-David?

  Kristi Noem got fired. Pam Bondi, I believe, got fired, right? Did Pam Bondi get fired?

• 1:04:25Tom Ellsworth?

  Yeah, she was, she rode in the president's car with him, and he said, "Pam, it's time."

• 1:04:29Patrick Bet-David?

  So, and then, and then you have Tulsi that, that is going through this. So, I think there's more to this story than we think.

• 1:04:35Adam Sosnick?

  Just keep in mind, somebody's gonna come in and be the

• 1:04:38Tom Ellsworth?

  Next man up and apparently it's just gonna be the deputy director Aaron Lucas. So prepared to hear that, get familiar with his name a little bit more further.

• 1:04:45Patrick Bet-David?

  And, and not.

• 1:04:46Tom Ellsworth?

  No, no, no.

• 1:04:46Patrick Bet-David?

  Is he bald?

• 1:04:47Tom Ellsworth?

  L U K A S. That guy's a bald right there. L U K A S, Aaron Lucas, he's gonna be the new deputy director.

• 1:04:53Patrick Bet-David?

  Just so you know, she is on that list of people that a lot of people think in 2028, she may run and team up with JD. So JD Tulsi, JD president, Tulsi VP. So don't.

• 1:05:09Tom Ellsworth?

  On the non-intervention side.

• 1:05:10Patrick Bet-David?

  Yeah, on the non-intervention side. And there, there is a, there's a community that's building up for that.

• 1:05:15Tom Ellsworth?

  I think her, you know, they said, we said the future looks bright. I think her political future is certainly bright. She's very capable. We'll just see how aligned she is with Trump or not. That's what we're gonna see over time, in my opinion.

• 1:05:26Patrick Bet-David?

  Yeah, and, and she's definitely a player. And so we'll see what's gonna happen with that. She's definitely a player, but we'll see what happens moving forward. Let's go to the next story. Next one I'm gonna get to is Hassan Piker. Out of nowhere, we get a story. A streamer, young streamer, very talented, very capable, good communicator, knows how to rally the youth, but not necessarily towards the positive. Eventually, this is what happened in his streaming. Let me just read the story. Vinnie, I'm gonna come to you. What page is this one on, Rob? With Hassan Piker? That's page 13. Let me go to page 13. So he's not getting indicted. The FBI came knocking, right? Is that what happened here?

• 1:06:07Patrick Bet-David?

  Yeah, federal subpoena Hassan Piker, Media Benjamin over Cuba trips. Subpoena political streamer Hassan Piker and Code Pink co-founder Media Benjamin as part of the broader investigation into whether American activists violated the US sanctions law while supporting Cuban Communist government. The Treasury Department Office of Foreign Assets Control requests of financial, logistical and communication records tied to March trips to Cuba organized through the Nuestra American Convoy, a coalition communist activist influencers and community organizations that deliver supplies to Cuba's ruling Communist Party. The investigation reportedly involves as many as 40 American citizens and forms of a larger federal effort targeting foreign influence operations tied to extremist movements,

• 1:06:50Patrick Bet-David?

  political violence, and organizations accused of promoting anti-US narratives. Fox News Digital businessman Roy Singum allegedly funneled hundreds of millions of dollars into nonprofits promoting pro-China.

• 1:07:04Patrick Bet-David?

  Pro Cuba and anti-American activism, Code Pink reportedly received more than a million dollars after Singum, from Singum after his marriage to co-founder Jody Evans. Organizations tied to Convoy, Democratic Socialists America, The People's Forum, and the Venice Serum Brigade, authorities invested in Cuban, focused on sanctions violations. So anyways, Vinny, how big of a deal is this?

• 1:07:26Speaker 04

  Well, I mean, and again, we have to wait to see everything, but it just, like, the first thing that hit my head was, like, can you imagine being a wannabe hardcore Marxist revolutionary and Hassan Piker, your Shay Quivera, who's constantly bashing America, constantly crapping on capitalism, talking about imperialism, privilege, oppression, all that, how horrible this country is, meanwhile, he's a multimillionaire celebrity inside the very system that he claims to hate, and the second, Pat, the second, the federal government applies a little bit of pressure, he chose, he shows his true colors, and you know what it is, he ain't about that life, alright, Rob, if you want to play that, that part of him, he's like, like, look at, look how shook he is, go ahead.

• 1:08:09Speaker 00

  And I'm not gonna lie to you guys, it's, it's not great.

• 1:08:14Speaker 04

  Oh, no.

• 1:08:15Speaker 00

  The news is not great.

• 1:08:17Speaker 04

  Yeah.

• 1:08:18Speaker 00

  Okay?

• 1:08:19Speaker 04

  Okay.

• 1:08:20Speaker 00

  Um, I mean, it's bullshit.

• 1:08:21Speaker 04

  Oh, of course, of course.

• 1:08:22Speaker 00

  But, still not great.

• 1:08:26Speaker 04

  Shook.

• 1:08:27Speaker 00

  That...

• 1:08:28Speaker 04

  Watch, free me.

• 1:08:29Speaker 00

  You know, they're, they're after your boy, they're up my ass.

• 1:08:32Speaker 04

  Yeah. That's like, that's like a revolutionary.

• 1:08:35Speaker 00

  And I'll obviously get into it right now.

• 1:08:37Speaker 04

  Watch.

• 1:08:38Speaker 00

  I'll tell you all about it, but let me blast off real quick.

• 1:08:41Speaker 04

  Watch this, does he say free me here? Free me.

• 1:08:46Speaker 00

  We will free you, brother.

• 1:08:47Speaker 04

  Yeah.

• 1:08:48Speaker 00

  Yeah, free me, free me.

• 1:08:49Speaker 04

  Okay, so by the way, Rob, no revolutionary speech, Pat, no rally cry, no stand firm on principle, just free me, free me, I can't believe I'm saying that, that's because he's not a revolutionary, okay, he's a champagne socialist who loves like, the aesthetic of a revolution, like, it sounds good, it's alluring, it, it's hot, it's sexy, right? But he likes that way more than the actual revolution itself, okay? Quivera is probably rolling in his grave right now, Pat. Mind you guys, let me remind you guys who Hasan Piker is. This guy said, "America deserved 9/11." He's doubled down, he's tripled down on, he's talking about all the wars we do, we deserved it.

• 1:09:28Speaker 04

  Over 3,000 Americans dead, okay? Not soldiers, just Americans in the world trade dead in New York. He said, "We deserve that." Okay, this is that guy. And then this is him, Rob. Who's he sitting with here, Pat? Do you guys know who this girl is? I don't know who this female is. You guys know her, Adam? She's a, she's a social media, she's a pundit, whatever. Look at what he's talking about, about her. She talked about assassination. Play this clip. This is how he feels about Trump's assassination. You actually wrote about this and, and it was a great video where you talked about, you know, "Someone has to do it." Meaning assassinating Trump? Look at her. See, when I say that, everyone knows exactly what I mean. That which, which is, I think that shows that there is a lot of anger, a lot of resentment and untapped potential,

• 1:10:13Speaker 04

  untapped revolutionary potential as a matter of fact. And it's a great opportunity for, for organizing, I think. Did you guys hear that? Untapped, like, revolution. He's talking about, because she made the comment about killing the President of the United States, Taylor Lorenz, and he, this is the guy. And I think, Pat, I believe allegedly, he might be one of these people that's getting money from a turkey or getting money from the Middle East. These are the Trojan horse people that are poisoning the minds of the youth. Anti-America, hates the country, hopes not, praises 9/11. And then the moment the government tries to get on you and just is hinting at a subpoena, you turn into a little girl. Okay, and I love, Pat, that you mentioned Deville Roy Singum, Tom. He's the guy from China.

• 1:10:56Patrick Bet-David?

  This is the guy. Watch this guy closely, folks.

• 1:10:58Speaker 04

  Pat, 285 million into nonprofits, including the Hassan Piker company called the Code Pink, the, the place that he was hanging out with. Yeah. Over there. So, and this is what's gonna happen, Pat. You ask me what they're gonna do? They're gonna go through your financial records, they're gonna go through your communications, your logistics, and whether you're working and abating, abetting the communist regime of Cuba. Okay, and if that happens, guys, if you're peddling for a foreign nation, don't you have to register for, as a foreign agent? So, so I'm just saying, all the talk, and the moment it happens, bro.

• 1:11:30Patrick Bet-David?

  Play that clip as well, Rob. Play that clip as well.

• 1:11:33Speaker 04

  Literally doesn't matter. He can prep with whoever he wants. He can prep with Benny Morris if he wants. There is no, there is no, "You support terrorism?" No, I don't. I don't support the state of Israel. And I don't support the state of the United States of America.

• 1:11:50Speaker 04

  That's the 9/11 one, Pat?

• 1:11:51Patrick Bet-David?

  Yeah, Rob, that's the wrong clip.

• 1:11:52Speaker 04

  There is the 9/11 one.

• 1:11:52Patrick Bet-David?

  There's a clip where he says, "America deserves..."

• 1:11:54Speaker 04

  He tripled down.

• 1:11:55Patrick Bet-David?

  "...what happened on 9/11." And he said something about capitalist blood.

• 1:12:00Speaker 04

  Oh, yeah, let their blood, like, soak their, effing, kill them. Put their, uh, blood in the streets. Pat, this is, again, all talk, all talk, and the moment you get checked, it's a...

• 1:12:08Patrick Bet-David?

  Who's he related to? Is any, like, related to somebody?

• 1:12:10Speaker 04

  He's Jank Weiger's nephew. The apple doesn't fall that far from the tree.

• 1:12:14Patrick Bet-David?

  Rob, I just sent you a clip. Play that clip to, to kinda see him. And by the way, there's a message to this. There's a message to this, and it's not even towards him. There's a message to the youth. Go ahead, Rob. Play this clip.

• 1:12:25Speaker 07

  ...poor people that they can, they, they can afford housing in Berkeley? I don't know how that works.

• 1:12:30Speaker 00

  Well, my understanding is that the property owners who have properties there choose just not to rent it at all.

• 1:12:35Speaker 04

  Yeah, kill them. Kill those motherfuckers! And murder those motherfuckers in the street! Let the streets, let the streets soak in their fucking red capitalist bloods, dude.

• 1:12:45Patrick Bet-David?

  Okay, by the way, when a guy's immediate reaction is that, that's not an act.

• 1:12:50Speaker 04

  Of course it's not!

• 1:12:51Patrick Bet-David?

  He believes this.

• 1:12:52Speaker 04

  Yeah!

• 1:12:53Patrick Bet-David?

  So, it's, by the way, this is, because that's even worse. Th- this is a true believer.

• 1:12:58Speaker 04

  Yes.

• 1:12:58Patrick Bet-David?

  Who reacts that way, okay? When you see something like this. You know what's the biggest takeaway from this, Tom? So, who watches him?

• 1:13:09Speaker 07

  The youth.

• 1:13:10Patrick Bet-David?

  What age?

• 1:13:11Speaker 07

  Young, progressive.

• 1:13:11Patrick Bet-David?

  What age? Can you pull up and see what is his audience? What is the age?

• 1:13:15Speaker 07

  16 to 30.

• 1:13:16Patrick Bet-David?

  Okay, so what is the age who watches? You know, what's the age demo of his audience? Go to it. So, under 30, heavily under 30, 60% of his community's under 30. Position him as a prominent voice for Gen Z and younger millennials, okay? So, how many frustrated Gen Z young millennials are out there? Millions.

• 1:13:35Speaker 07

  Yes.

• 1:13:35Patrick Bet-David?

  Okay, how many does he need to convince to go out there and kill? You know, when he says "kill," you know, let the blood... All he needs to do is one Luigi Maggioni is what you gotta get, right? You don't need that many of them.

• 1:13:48Speaker 07

  Yeah.

• 1:13:49Patrick Bet-David?

  And so, multiply that times millions. So, if you, if you're a young boy and you're watching this, here's what you have to be careful with. How many young boys do we have? Rob, how many young men do we have in America, under the age of 22, that... Under the age of 18 that are, you know, living with a single mother, okay? I, I wonder if we can get that data or not. So take that number. Where 7.5 million young males under the age of 18 that live with a single mother in the US. So according to US Census Bureau, that, that tracks around 15.3 million children living exclusively with single mothers, but I'm talking young males. Vinny, you know why that's so important? So what happens when you're 7.5 million young males under the age of 18?

• 1:14:33Patrick Bet-David?

  No father, you see a clip like this by this guy, who do you process that issue with?

• 1:14:38Speaker 04

  Nobody. It's just, he's your guy. That's the guy.

• 1:14:41Patrick Bet-David?

  That's your guy. And so what do you do? If you're not too careful, guys. We had a kid this, this last week in, in school that said something dumb. It's probably gonna get, uh, uh, what do you call it?

• 1:14:51Speaker 04

  Suspended?

• 1:14:51Patrick Bet-David?

  Expelled, not even suspended. He's probably gonna get expelled. When, when you're around other people like this and you watch and all of a sudden you get emotional and you say something dumb, your career's on the line forever. You, you, you can't, you can't put yourself in positions like this. And parents have to watch very closely of what and who is influencing your kids. If you're not watching the phone, if you don't grab your kid's phone and go to history. If you're under 18 years old, grab history just to see what you're consuming. So if you go to history, you see soccer videos, guess what? Great.

• 1:15:26Speaker 04

  Yeah.

• 1:15:27Patrick Bet-David?

  If you go to, uh, uh, history and it's, uh, you know, uh, uh, I don't know, basketball videos, prank videos, funny videos, all this other stuff, great. If you go in history and you see revolutionary talk, killing this guy, killing that guy, you better get a hold of your kid very, very quickly. Or else these types of folks are having influence over your kids. And you don't, you don't want this thing to, it'll never happen to my kid, it'll never happen to my kid. Nobody knows something's gonna happen until it's too late. Tom, your thoughts on this story?

• 1:15:57Tom Ellsworth?

  Yeah, exactly. So I, I go two sides to it and the first side, you know, I never want my voice snuffed and I never want illicit, um, means used to shut me off. Which means the price of free speech is free speech. Unless... You're out there and you're a foreign agent. And what I think he's worried about is FARA can land you in prison.

• 1:16:22Patrick Bet-David?

  Oh, yeah.

• 1:16:23Tom Ellsworth?

  And this is if you haven't registered or you're being paid, you are now a spy. You are now, not by legal definition, but to the rest of America. And I want to see, this goes back to the first story we covered today. I want to see where people were before and after they got money and who they got it from, Pat. I want to see that list because I think we're going to see a lot of things that the guys like this, you know, he sits there with this reaction, I want to see capitalist blood. And then maybe he was taking sponsorship money or influence money, which is kind of a capitalist position, wouldn't you say, Finney?

• 1:17:00Patrick Bet-David?

  Oh.

• 1:17:01Tom Ellsworth?

  It's just like you're going to make money off of your job and your job is going to be being this, this lightning rod for something you may believe in, but you're basically taking, you know, money from afar. I want to see the list. I want to see the list. I want to see the before and after. The price of free speech is free speech.

• 1:17:16Patrick Bet-David?

  Rob, what is?

• 1:17:17Tom Ellsworth?

  But the price of vigilance is your responsibility as a citizen.

• 1:17:21Patrick Bet-David?

  Rob, what is the, what is the price if you're threatening someone's life? What is that, Tom? If you go, if you're doing a live stream and you say, "Kill XYZ."

• 1:17:33Tom Ellsworth?

  Go and kill XYZ. There are specific laws about the president. You can't, you can't put the president in a video game as a part.

• 1:17:40Patrick Bet-David?

  Threatening someone's life in the United States is considered a true threat and is protected by First Amendment. Is not protected by First Amendment. It is aggressively prosecuted at both state and federal level. Depending on the severity of the jurisdiction, the punishment includes federal prison, under federal statutes like 18 U.S.C. 875, transmitting threats over state lines can result of up to five years in prison. If the threat is to federal official, 10 years in prison. State jail, in states like California, criminal threats can carry up to one year. Fines, standard fines range from thousands to 250,000, civil liability.

• 1:18:16Patrick Bet-David?

  perpetrators may be sued by victims and so to me when you look at this he's he's played with fire and it's like too much you can say whatever you want that guy's a propaganda that guy's a you know pro-israel that guy's a zionist he's a bigot he is racist you can say all of that you want but when you threaten someone's life that's a whole different story and he's done that he's he's done that he made it clear what he's saying and we say nine eleven what did he say america

• 1:18:44Speaker 04

  he said we deserve nine eleven that means all the Americans that died we deserve everyone

• 1:18:50Patrick Bet-David?

  even that you're freed under freedom of speech you're protected by that it's when you go for someone's life now if they pull up the text messages and he got paid from that communist or he got paid from cuba or somebody funneled money to him it's a rap for this guy some's gonna go down with this guy adam your thoughts well show me your friends and you know show me your future look who he is look who he associates with to me I've never watched one second of us on piker I think one time I you debated him on pierce yeah we're on pierce and I went in on

• 1:19:21Adam Sosnick?

  not a fan I'm just gonna say that but there's a lot of people that are and you've said this before pat you go down this path of this progressive islamist Marxist communist flirting with this you'll lose 10 20 50 years of your life being brainwashed by this clown so to me he's a symptom of a larger problem and then how democrats are like the democratic party's on life support people see all trump midterms the democratic party is no longer what it was not even under obama certainly not under clinton and the democratic party has embraced this guy so to me this guy's just some random influencer no big deal who's gonna be dealing with his legal problems to me

• 1:20:02Adam Sosnick?

  the bigger symptom is what is the democratic party doing with these people and to me whether it's aoc whether it's rashida talib whether it's ilhan omar the the new ringleader unfortunately is the mayor of new york zoran maldani and this is who this guy basically aligns with and campaigns with and to me the most disrespectful thing I've seen maldani do and there's a whole list of them was what he did this weekend when he talked about reagan Did you hear what he said about Reagan? Unbelievable. You're gonna come in as the mayor of New York City. You're not even born in America. You're born in Uganda. Wherever. You're gonna come in and you're, forget about Trump. You're gonna say, "Yeah, you know, I disagree with Reagan."

• 1:20:44Adam Sosnick?

  Reagan said the nine most, the nine words that you should fear the most, scariest words, are "I'm from the government and I'm here to help." Well, I disagree, motherfucker, he says. He says, "I said..."

• 1:20:54Patrick Bet-David?

  Play the clip.

• 1:20:54Adam Sosnick?

  "I've worked all day and I can't feed my family." The bottom line is, he thinks that government is the solution to all your problems.

• 1:21:02Patrick Bet-David?

  Yeah.

• 1:21:02Adam Sosnick?

  And I promise you this, young people, ladies and gentlemen out there, you can believe whatever you want, but if you think that the government is the solution to all your problems in life, oh, you got another thing coming. This is the clip?

• 1:21:14Patrick Bet-David?

  Go ahead, Rob.

• 1:21:16Speaker 04

  And standing here this morning, I cannot help but think of the words of our 40th president, Ronald Reagan. He famously said, "The nine most terrifying words in the English language are 'I'm from the government and I'm here to help.'" It's a good quote, but I disagree. I think nine more terrifying words are actually, "I worked all day and can't feed my family."

• 1:21:41Speaker 04

  We are going to use the power of government to lower prices and make it easier for New Yorkers to put food on the table. I don't believe him.

• 1:21:50Adam Sosnick?

  Look at the useful idiots behind him, just holding up the signs. And by the way, they're probably great people. They probably work for government. These look like the type of people that you see when you go to get your driver's license, or the people that work in the DMV, or whatever it is. Those are those people, and God bless them. But they have no clue what it's gonna be like.

• 1:22:08Patrick Bet-David?

  You better get used to this. By the way, you know, as somebody that wanted to see Iranians be free in a big way, as somebody that wanted to see IRGC fall in a big way, this is somebody that, you know, I, I know them and who they are and their DNA, the IRGC. When you, when you think about if that, if that war continued, Iran, let's just say that thing's gonna be done with here soon. If it continued and gas prices went higher, you have two enemies. You have IRGC as an enemy that's still around in the Middle East, or you open it up for an AOC to become the president in 2028 because that same quote

• 1:22:50Patrick Bet-David?

  that you heard is what? What are the nine scariest words in the dictionary? I'm from the government, government and I'm here to help. And he's saying what? No, we are here to help and we are with the government, right? You better believe if affordability continues to go and AI goes at them. I'm telling you right now, this message is gonna become popular in America. What's this Rob? This is Ashley, is this the Ashley St. Clair girl with Hasan Piker? This is an older video or newer video?

• 1:23:20Tom Ellsworth?

  I don't know how new.

• 1:23:21Adam Sosnick?

  Unfortunately, this is newer.

• 1:23:22Patrick Bet-David?

  Stop it. Play it. What is this about?

• 1:23:26Tom Ellsworth?

  He, she's giving him, you got me a hoodie? Yeah. Okay.

• 1:23:30Patrick Bet-David?

  Put this down here. Are they together now? Oh God. What's gonna be? Who knows?

• 1:23:37Speaker 07

  At Edward Jones, we believe rich is about taking care of what gives your life meaning. That's why your financial advisor personalizes your plan to help you preserve your progress and create something that lasts. Let's find your rich. Edward Jones. Member SIPC. UKG is the workforce operating platform with unified HR, payroll and workforce management. Built to solve the unique challenges of frontline work. Powered by People First AI and decades of labor data, UKG turns workforce intelligence into real-time decisions around staffing, pay, compliance and productivity, enabling every worker to confidently take action as work happens. Because when work works, everything works. Learn more at ukg.com/work. UKG, HR, Pay and Workforce Management.

• 1:24:23Speaker 00

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• 1:24:52Speaker 01

  Welcome to the 50th Hunger Games. Witness the beginning of the revolution.

• 1:24:56Speaker 07

  Hey Mitch, you've been trying to take down these games from the start.

• 1:24:59Speaker 01

  Film for IMAX.

• 1:25:01Speaker 07

  Make them remember you.

• 1:25:03Speaker 01

  The Hunger Games: Sunrise on the Reaping, November 20th, rated PG-13. Hey, listen.

• 1:25:09Speaker 05

  Power up your play with Nintendo Switch 2 and experience Link's legendary adventure, now reborn in vibrant detail on our fastest and most powerful system yet. And harness the power of the Ocarina with the built-in microphone.

• 1:25:30Speaker 05

  The Legend of Zelda: Ocarina of Time. A Nintendo Switch 2 exclusive. Game and system sold separately. Game rated everyone 10 and up.

• 1:25:41Speaker 04

  Let's see.

• 1:25:43Speaker 05

  You ready? Is he straight though?

• 1:25:45Speaker 04

  Are you ready, Chat? Oh god, oh no. I'm not even gonna see it first. Chat's gonna see it before I do. I'm not the stepdad, I'm the dad that stepped up.

• 1:25:57Speaker 05

  I've been sent by Benjamin Netanyahu to get his Twitter account banned.

• 1:26:01Speaker 04

  You're, this is... What has she become?

• 1:26:03Patrick Bet-David?

  What is this? I still don't get the show. Help me understand what this means.

• 1:26:06Speaker 04

  Yeah, Adam, what does that even mean?

• 1:26:07Adam Sosnick?

  You're asking me? I'm not... I'm not the stepdad, I'm the dad that stepped up, so it's... Clearly, it's in reference to whatever she's going on with Elon and a lot of stepdaddy, daddy issues type of thing. I wish Ashley nothing but the best, but this is not the

• 1:26:22Speaker 04

  Well, you can wish her all the best, but she hasn't changed. It's just like, what have you become? I remember she used to be on like podcasts and talking.

• 1:26:29Adam Sosnick?

  She's just become anti-MAGA. That's all it is.

• 1:26:31Speaker 04

  No, she's anti that. And like you wanted to like, like hooking up with Elon just to have a baby and thinking you're going to get a certain amount of money and then you're not getting what you want and you sell your, it's like.

• 1:26:39Patrick Bet-David?

  Is she not getting paid though?

• 1:26:40Speaker 04

  No, she's getting paid. She's getting paid. The kid's getting 500,000 all the year.

• 1:26:44Adam Sosnick?

  I think she turned down a big, big, big offer. This is my opinion. I could be wrong. I think she turned down a 40, 50 million dollar offer that would basically silence her. And amongst other things, you know, basically say that you can't say anything or do anything or that Elon's not the father. And I think she said, and kudos to her, money can't buy my silence. And, and then here's the issue. She's now using that freedom of speech to completely just dismantle MAGA and Trump and Elon. Sort of like, and this is my opinion, respect to Ashley, hell hath no fury like a woman scorned. She's been scorned and she's in a blaze of glory right now. It would seem, based on what I'm seeing online.

• 1:27:26Speaker 04

  But you know what greed comes in when you have, you don't have God in your life? Look, 41,000, $500,000 a year, which is $41,000 a month. And she was like, no. She's like, no.

• 1:27:37Adam Sosnick?

  That's peanuts.

• 1:27:38Speaker 04

  Of course it's peanuts. But guess what? You think it's stopping Elon? You think it's stopping anybody else?

• 1:27:42Adam Sosnick?

  Anyway, she's a, she's a side note. She's an aspirant on this. But I think where you were going was if you fall into this camp of the Hasan Piker, Cenk Uygur, Young Turks, leftist, you know, combined with the horseshoe right, it's a dangerous path for the country. But you're saying it is attractive. And as people get more concerned with AI and fall more disillusioned with government, this could happen.

• 1:28:08Patrick Bet-David?

  Socialism's going to make a comeback. Just wait for it. Just wait for it. Just wait for it. The, the, the people I am hopeful of saving this country are the independents that can think for themselves. That are the independents who can think for themselves and they don't fall for this manipulation, even if somebody is getting paid from a foreign, whatever it is. If you can think for yourself.

• 1:28:36Patrick Bet-David?

  And you can read through the BS. You're part of the community that can potentially hold this country together. You are more important than you know. If you don't fall for propaganda quickly, you are more important than you know. You are heroes. And by the way, you may be a regular person. Regular person that's got a job making eighty-two thousand dollars a year as a teacher and you're doing your thing. You know, you're running a small little business making two-twenty a year net. After everything, you're like, look, I love America, I love my kids, I love this country, I love capitalism, I love the fact that I can practice my faith and I want to keep this place together. And from the moment they handed us this country, this constitution, nobody thought this was going to last two-hundred-and-fifty years and we're about to celebrate it in about, what? Six and a half weeks, seven weeks? You're more important than you know it. Let me get to the next story.

• 1:29:21Patrick Bet-David?

  Next story I want to get to is about careers. Folks, this is very big. A story comes out by Wall Street Journal, Rob. I don't know if you have it in here or not, I don't think you do. No, I didn't ask you to put it in there. So, story comes out by Wall Street Journal saying MBAs are on a fire sale. Okay, MBAs. Masters in Business Administration are on a fire sale. Okay, fire sale. Now, when you read this article, Rob, I don't know if you have all the way down to go through the article if it's not going to allow you. It does allow you. Okay, a few things you need to know about the story. More business schools are giving steep discounts on tuition than can save students up to fifty thousand dollars or tens of thousands of dollars. So people are like, why are MBA programs getting cheaper and cheaper?

• 1:30:05Patrick Bet-David?

  Keep going lower and see what's happening here. Okay, keep going lower to the stats. Purdue University, right there, Rob, please go a little bit up, one paragraph up. Purdue Mitchell Daniel School of Business is knocking forty percent off its tuition for next fall. Okay, which makes the forty-eight credit hour program, thirty-six thousand dollars for out-of-state students, down from sixty thousand dollars. Okay, then UC Irvine.

• 1:30:27Patrick Bet-David?

  Tuition is down thirty-eight percent from forty-eight to thirty thousand dollars. If you go a little bit lower, there's more stories. John Hopkins Carey Business School is given a fifty percent scholarship on graduates from a Maryland college this spring and enter on one of specialized master's program. So they're also going down fifty percent. Now, why is this? Why are they doing this? Here's a couple of things they've noticed. They've noticed that Google, Amazon, Apple are no longer hiring MBA program students like they did before. On top of that, McKinsey, that would hire seventy-one, I think it was from Chicago Booth of School. Now they're down to thirty-three. Stay on that article, Rob, if you could. Go back to the article you're on. This continues to go. If you go a little bit lower. Couple of the stats that I really liked in this article, Rob, if you go lower, is this one here.

• 1:31:12Patrick Bet-David?

  The number of graduate students in management who receive financial assistance has been soaring. Watch this. Last year was forty-seven percent. Forty-seven percent of incoming students are receiving merit-based scholarships, up from thirty-two percent a decade ago, according to Graduate Management Admissions Council. Which, by the way, Tom said something very interesting two weeks ago. Did you see the article that came out? That said, more students are getting ace today than ever before. I don't know if you saw that article. Everyone's getting ace. Oh, my God, we're getting smarter. No, we're not. It's these language learning models. But guess what number dropped? Grades went up, but guess what? Test scores dropped. Go ahead, Tom.

• 1:31:48Tom Ellsworth?

  National test scores and SATs.

• 1:31:50Patrick Bet-David?

  National. Let me get this straight. So we're getting better GPAs, but our SAT scores are dropping. So what does that tell you?

• 1:31:58Tom Ellsworth?

  You can't use ChatGPT and SAT.

• 1:32:00Patrick Bet-David?

  You cannot use ChatGPT while you're taking. If you want to go a little bit lower.

• 1:32:04Tom Ellsworth?

  But you feel really good in your little home classroom.

• 1:32:07Patrick Bet-David?

  Yeah. But if you go a little bit lower, Rob, keep going lower, keep going lower, keep going. Is that it? Oh, my God, there were so many great stats about this MBA program, what's going on. Tom, your thoughts when you see this? MBAs. I have four kids. You got a couple of them. We just had dinner where with my niece who got her MBA program. She gave a phenomenal, not MBA program. She got valedictorian. She gave a phenomenal speech at the school's valedictorian, which shout out to Dylan for screaming the way he was screaming. Everybody was screaming to make sure they knew who was the most special person in that room to us. But.

• 1:32:42Patrick Bet-David?

  MBAs, a parent is asking, Tom, is it worth for me to spend $250,000 to send my kid to get an MBA program for two years?

• 1:32:52Tom Ellsworth?

  Not normally, $250,000, look, the MBA programs have come up in price and they've gone, they've gone parabolic, they've gone crazy, and over the last 15 years, if you look at the cost of tuition, and what happened was there is the student loans were available, so I could go get student loans to get my MBA, number one, and with getting that student loan, now, guess what, it's like the government's almost underwriting the high cost from the school. So if the government makes it easier, Vinny, for me to get a student loan, and you're the college, what's your incentive to be competitive on price? It's not, just go get a student loan, just go get a student loan. And then they find out what happens is terrible.

• 1:33:34Tom Ellsworth?

  So, prices have been under control, number one, but the elite MBA schools used to get these big signing bonuses on Wall Street, but now we're hearing that some of those are getting pulled back. Now, some of these kids are coming in for financial aid, and now, guess what the, what's happening? The schools are having to look at it, wow, a lot of these kids are applying for financial aid, how are we gonna do this? I need, so they would rather sell something for $60,000 a year than sell nothing with the price on the window that said $85,000 a year. So that's one of the things that's happening, and also, to people that are out there, look, it's why are you getting the MBA and what are you putting inside it?

• 1:34:19Tom Ellsworth?

  There are programs, and I'm not gonna pimp for any of them now, by mentioning the schools, but there are schools right now, know what I mean, if I mention a school, no, if I mention a school, then people are gonna say I'm trying to say something, it's not. Some of the MBA programs, some of the MBA programs out there, what they're doing is they're saying, hey, take, you'll have our, the MBA courses will be this, but some of the business operation courses will be replaced by option courses, and option courses in AI, management of the AI. I systems. See, that's what's going on. And so I think some of that is happening is good.

• 1:34:57Tom Ellsworth?

  But right now, right now, we're seeing that the that the the gold rush for MBAs is is slowing down. And the economic impact is coming back down on the schools.

• 1:35:10Patrick Bet-David?

  By the way, no joke. I I really thought you were about to go into Drew Down, you know, the the song. I don't know if you remember or not.

• 1:35:17Speaker 04

  Of course.

• 1:35:18Patrick Bet-David?

  Drew Down pimp of the year. Do you remember that song?

• 1:35:21Speaker 04

  What do you mean?

• 1:35:21Tom Ellsworth?

  He was the pimp of the year. No.

• 1:35:23Speaker 04

  Tom, this doc.

• 1:35:24Patrick Bet-David?

  So let me let me give you a couple.

• 1:35:26Tom Ellsworth?

  Drew and I used to sit in the front row at the Knicks games, but I I never remember talking about that.

• 1:35:30Patrick Bet-David?

  Well, Drew Down was, if you know Drew Down, you you you had some good memories in your life. If you listen to him, let me give you some crazy stats.

• 1:35:36Tom Ellsworth?

  And it was West Coast. We always got heat when we were at the Knicks games because all the West Coast.

• 1:35:39Patrick Bet-David?

  You ready for this, gangster?

• 1:35:40Tom Ellsworth?

  What are you doing here, man?

• 1:35:41Patrick Bet-David?

  Uh, thug life. Let me let me share this with you. You ready for this?

• 1:35:44Tom Ellsworth?

  Gang gang.

• 1:35:45Patrick Bet-David?

  Tom, check this out. Twenty one percent of Duke. Can you give me the best MBA grad like degrees you can get? What schools can I get MBA degrees from?

• 1:35:53Tom Ellsworth?

  You go to Wharton, Wharton, uh, I'll give you the five, A and a pen. So it's, you know, anything Harvard next to it, anything Yale next to it, anything MIT next to it.

• 1:36:01Patrick Bet-David?

  Tom, go ahead.

• 1:36:02Tom Ellsworth?

  There they are, right there.

• 1:36:03Patrick Bet-David?

  Wharton, HHS, Tops.

• 1:36:05Tom Ellsworth?

  These days, Stanford, anything Stanford.

• 1:36:08Patrick Bet-David?

  All right. So check this out. Let me give you stats. Florida State, twenty one percent of Duke.

• 1:36:11Tom Ellsworth?

  Yeah, there they are, number eighty five.

• 1:36:13Patrick Bet-David?

  Twenty one.

• 1:36:15Patrick Bet-David?

  Twenty one percent of Duke MBA graduates were still seeking employment three months after graduating. So this is Duke. Duke is like a top school. Look at Michigan. Fifteen percent of University of Michigan MBA grads still looking for a job three months after getting their degrees.

• 1:36:32Tom Ellsworth?

  That does mean eighty five percent got jobs.

• 1:36:33Patrick Bet-David?

  That's right. So but fifteen percent means didn't. Harvard, twenty twenty percent of their twenty twenty three grads seeking jobs three months later. You know what that twenty percent is of Harvard? You know what that number was, Tom? In twenty twenty one, eight percent, ninety two percent had jobs. It went from eight percent to twenty percent. And then if you go a little bit deeper with the numbers, it also breaks down what the average salary is if you get an MBA. You know, what kind of money you can make. This is what I think is going to be happening. This is my opinion on long term of what's going to happen with education, Vinny. You ready? Tom, I think what will happen with education is companies will become universities. Okay, the other day, let me tell you what happened.

• 1:37:15Patrick Bet-David?

  Our BDC team sat down with our finance team and our finance team went through what exactly looks like to look at a balance sheet. New recruits that are coming to the consulting from going through the balance sheet. Here's what this look like, here's what. And then our VP of Finance, Casey, sat down and went through the whole thing with our finance department. You're gonna see companies start off an MBA program. So I'm gonna come to a company and guess who becomes your professor? Tom Ellis works your professor once a week or once a day for one hour. Big pimpin'. No, but of course with good music, but Tom is your professor, right? Tom, what did you do today at 7 o'clock in the morning on Memorial Day, not Labor Day? What did you do this morning?

• 1:37:53Tom Ellsworth?

  An elite group of eight of our sales reps.

• 1:37:56Patrick Bet-David?

  Can you just give their first names, please?

• 1:37:58Tom Ellsworth?

  Yeah, it was Brandon, Taylor, Antonio, Anthony, Daniel, Luis. They, they're saying, hey, we're gonna be here today because we're working on things and maybe Memorial Day, we're gonna respect it.

• 1:38:08Patrick Bet-David?

  Tom, on Memorial Day morning, they ask if you're still gonna have their 7 a.m. meeting with them. Now, here's a question.

• 1:38:13Tom Ellsworth?

  Exactly right.

• 1:38:14Patrick Bet-David?

  What did you cover with them this morning? What was the discussion?

• 1:38:17Tom Ellsworth?

  Oh, we covered core. We covered the, the five line, five line P and L a little bit more. And we also covered the, the psychology of, of what owners are going through in this economy and what they're probably thinking and what they'll, what they wanna know, where they wanna go. And then we took from around the room, what are you hearing? And then their own personal confidence in presenting it.

• 1:38:38Patrick Bet-David?

  You know what's gonna happen, Vinny? So say you're working for Valuetainment and we offer an MBA program internally. Okay, we can call it whatever we want. And if you go there and you finish it within the company, one, higher raises, higher promotions, you're indoctrinated in the culture of the company, you're learning what we're doing, we're able to teach you with the values and principles that we have. I think these schools are starting to realize there's a massive disruption coming around the corner. Would you rather learn from a professor that's not an operator? Would you rather learn from a Tom? Tom, 1,000%. 1,000%. Who also was a professor. That's right. So. I mean, he's a doctor of business. But I, but I think that's the direction we're going to. And by the way, this leads me to McKinsey and AI, which.

• 1:39:21Patrick Bet-David?

  If you Rob, if you want to pull up Vinny's PowerPoint on this one. So McKinsey and AI is, is talking about, and by the way, I'm going to talk, cover both of them, Rob, the McKinsey one as well as Jamie Dimon. So how AI is forcing McKinsey and its peers to rethink pricing? How McKinsey, how AI is forcing McKinsey to rethink pricing? Okay, so what are we talking about here? It is impolite to think management consultants as comparable to call center bots, but remuneration changes at the top of McKinsey and Company shows that it comes to billing, the two are becoming more aligned. McKinsey is under pressure from clients to tie its fees to outcomes achieved. Wait, what?

• 1:40:06Patrick Bet-David?

  Exactly, such as lower costs, higher profits, or increased market share, rather than to the hours its consultants send, uh, uh, uh, con coding advice designed to achieve those ends. Charging for results delivered rather than work done makes revenue less reliable, which helps explain why firms will shunt a bigger share of partners, pay into equity and, and husband more cash. The drive to tie fees to outcomes partly reflects the way billable hours are becoming less useful as a yardstick, thanks to consultants' own usage of AI for tasks. Other AI-exposed professional services such as lawyers and auditors have also come under, uh, under pressure to pass their savings as well. So Tom, why is this such a big deal?

• 1:40:47Patrick Bet-David?

  Because Jamie Dimon also came out in the same article, on the same day, and says JP Morgan will hire more AI brainiacs and fewer bankers. Rob, if you want to play this clip, go for it.

• 1:40:58Adam Sosnick?

  ... use AI. Will it change the structure of jobs? Yes. Will, I think there have been very few announcements that are AI-related. I think a lot of companies have too much bureaucracy and they may use AI to cover up the fact that they should never hire them in the first place, but AI is going to change jobs. I, I don't know. I think it will reduce some of our jobs down the road. I don't think, you know, it'll be all different types of jobs and you have to deploy it at a level like, uh, I think we'll be hiring more AI people and probably less bankers in certain categories and it'll make them more productive. So when you get up in the morning and you want to interview someone, it'll lay out what I've said in 14 different places, it'll give you questions, your job will be the same. You'll just be much smarter at how you execute that job.

• 1:41:41Patrick Bet-David?

  And by the way, the Goldman Sachs Chief Operating Officer, John Waldron, is building what he calls a digital factory floor. He told CNBC that the bank is using AI to automate repetitive and behind the scenes chores of finance. He likened the shift to physical robots assembling cars by letting software run what was previously human assembly line. Goldman employees can spend more time face to face with customers. Tom, thoughts on this?

• 1:42:05Tom Ellsworth?

  This is exactly what's happening. When you were billable hours, right, then you're saying that the gate to getting knowledge is time. So I'm gonna, I'm your lawyer, Vinny. I mean, you were around lawyers that were in Los Angeles that knew the agents, that knew the opportunities, that knew the laws, knew labor laws. You had to go to them. And they had, and they would then charge you one hour of time to give an answer that they gave to 20 other comedians who had a contract to do this or that, right? And you're like, wait a minute, where's the efficiency in that? Well, they're a gatekeeper to the knowledge and the answer. Well, guess what's happening now? Now it's getting easier to find the knowledge

• 1:42:49Tom Ellsworth?

  and you need people that know how to manage it and they're the gatekeepers to strategy. And so what's happening here is you've got clients that are asking McKinsey, hey, what if, what if you pay for results? Rather than charging me for 50 hours of work for two associates to put together a PowerPoint, maybe we, I pay you some sort of fee for that, but then I, I got an idea. I'll pay you if I'm successful. I'll pay you if it worked. Now people say, well, wait a minute, wait a minute. That's like a doctor. A doctor doesn't know if you're going to get better. I mean, he's going to tell you what to do, but you gotta go home from, from, you know, some sort of injury and you gotta do your therapy. You gotta make sure that, that you don't, you know, go weightlifting too soon.

• 1:43:32Tom Ellsworth?

  I can't control you. I can give you the prescription. It's not about results. Yeah, but these business people are saying, well, then let's find a way to make a blend here because you're charging me an awful lot of money.

• 1:43:44Adam Sosnick?

  Is this kind of like a hedge fund model?

• 1:43:46Tom Ellsworth?

  Uh, no, it's, it's more like, it's like, I don't want to pay McKinsey all this money for a 300-page PowerPoint telling me what to do. I'd rather talk to operators and people that can get results.

• 1:43:59Adam Sosnick?

  No, but the part where they basically said they want to get a percentage of the upside.

• 1:44:03Tom Ellsworth?

  Well, yeah.

• 1:44:03Adam Sosnick?

  That whole portion.

• 1:44:04Tom Ellsworth?

  That some of it's going to go to equity. And by the way, if the compensation goes to equity, what is the only way to raise the profit of the company? To operate ever, to operate more profitably. And if the clients are saying, I'm not just gonna, I'm not gonna pay you bulk hours. I'll pay you for results. Then the path to profitability is actually to give advice at work.

• 1:44:25Adam Sosnick?

  Well, I have a.

• 1:44:26Tom Ellsworth?

  So there, so there you have it. I'll give you a quick, um, we, we just helped somebody, Bet David Consulting last week. Um, they said, hey, how can I use AI for this or this? We said, hey, look, AI will solve chores for you. It'll help processes happen faster. And this guy has to answer bids from the county and the state. I'm not gonna mention where or what it was, but he said, how can I use it? And we helped him take perplexity and read the newspapers and give him once a week, the list of new bids. And he said, you just saved me three hours when, listen to what Pat read in this article. Now I can go in front of those people and present myself and my company and make the,

• 1:45:08Tom Ellsworth?

  make the relationship because I didn't spend three hours just searching through for where are the new bids. Perplexity does the chore. Hey, here's the new bids this week. Oh, great. I'm gonna go that one, that one. He says, I have two more meetings this week and I saved three hours. Bingo. That's how AI. And so it's coming and McKinsey, you know what? McKinsey and big time law firms.

• 1:45:31Adam Sosnick?

  Adam.

• 1:45:32Tom Ellsworth?

  Old model.

• 1:45:33Adam Sosnick?

  I've got a completely different perspective, not necessarily in the McKinsey, but back to the college thing. And it's basically how, how fast things are changing, but some things will stay the same. We talked, I believe on Friday about a, a return to humanity. Right? So right now it's college graduation season. So respect to you, class of 2026. You're graduating at an interesting time of life where AI is now the biggest culprit in being booed more than anything, but young people who are graduating college are using AI more than anybody. So riddle me that. But I was actually, remember our old friend, John Stossely did this, this expose on, is college even worth it anymore? And he cites this book called, uh, The Case Against Ed- Education. Saying that it is it a waste of time and money and one of the

• 1:46:16Adam Sosnick?

  data pieces that they found out was that students go to college and after four years forty five percent of students show no significant improvement in knowledge and in wisdom because we know that education a lot of times does not equal wisdom or actual real life knowledge and then if you if you just want to go more stats more Tom type stuff unemployment rate is 4.3% right now college graduates are almost 6% so they also said that college graduates are 25% less likely to be employed than the average American worker but here's some good news here's what I think you know what's the biggest knock on college other than debt

• 1:46:59Adam Sosnick?

  other than debt why do they say go to college because all you do is party you know all it is is you're going for the what do they call it the college experience but I'll tell you what maybe what if that's a good thing at this point because what's happening with college what's happening with MBAs is they're being commoditized hey listen why do you need to go to school and spend a quarter million dollars when you can just chat GPT all your knowledge because we're no longer living in the information phase of life information age we're in the validation phase as long as you understand what the truth is then you'll be okay but here's what I think and they said this in this Jamie Dimon article he said

• 1:47:38Adam Sosnick?

  employees

• 1:47:41Adam Sosnick?

  will previously using doing the human assembly line Goldman Sachs employees will now spend more time face to face with the customer so what does that mean maybe just maybe all your partying in college all the cool guy stuff you were doing extracurricular activities maybe that is what might make you more valuable to a company and to an organization other than you're just random degree that you got so could it be that the college experience not the debt and the wisdom that you thought you were getting interacting with as you call it social capital interacting with people that might be your best

• 1:48:18Patrick Bet-David?

  you're saying that corporations disagree with you

• 1:48:23Patrick Bet-David?

  Corporations are saying that's not what they're hiring for. Okay, because if you read that article a little bit deeper, it'll tell you how, you know, Google, Facebook, Meta, and Amazon, they're no longer hiring for that. They don't value that the way they did maybe before.

• 1:48:39Adam Sosnick?

  Well, they're all tech companies, right?

• 1:48:41Patrick Bet-David?

  But I'll tell you a few things on the consulting side, on why the traditional consulting side is dead. But they'll figure it out. McKinsey's gonna figure it out. McKinsey came, you know, their legacy is with James McKinsey and Marvin Bauer. These guys have solved a lot of big problems. What I will tell you, the market's gonna go through as well as the following. When I talk to somebody who has given me advice on life, okay, and here's what I think you should do with your six-pack, to get a six-pack. First thing I want to do is what? Pull up your shirt. Yeah, I'm not taking advice from you on six-pack.

• 1:49:14Adam Sosnick?

  Yeah, gotcha.

• 1:49:15Patrick Bet-David?

  Here's the advice on how to create wealth. Okay, show me how much money. A guy comes to me at this daddy-daughter dance, and this guy's like, you know, I want to help. How, why are you having such a hard time hiring 150 people in your company? I said, what do you mean? I said, I need 150 people next 90 days. And he says, you probably don't have the right HR team. And this one, I'm like, I'm done with this guy just talking. He's one of the guys that always comes up. He just wants to talk and says, you should hire me as a consulting firm. I said, really? Yeah. I said, tell me, what's the most employees you ever hired? What's your biggest team you ever had that you hired? Oh, I, 20 people. Really? Yeah. I said, okay. How big is your consultant? Why don't you share with me what your dollars are last year? What was your revenue last year? That's private. No, it's not.

• 1:50:00Patrick Bet-David?

  I said, McKinsey's willing to share what they did last year. It's public. I said, you're so good at what you do? Tell me your numbers. The more the conversation, when I said, buddy, I don't want to have this conversation with you right now. You know what card he pulled on me? He says, we're two Christian men. Let's try to solve this together. I said, buddy, this is not about that. I'm like, I just don't want to talk to you right now about the advice you're giving.

• 1:50:19Adam Sosnick?

  Lot of dance.

• 1:50:19Patrick Bet-David?

  But if you're somebody that built something, you sold. If you're somebody that built a podcast, you built a like, Vinny, congratulations to Vitamix Comedy, just crossed a million subs, right? Very big deal, right? You're somebody that, you're somebody that, you know, taught in schools and universities and you did good for yourself. You're somebody that, if you have moral authority, people want to pay for that. That's why I think this, this system isn't working because people want to talk to expert operators. They don't want to just talk to somebody that's just like, hey, I got an MBA, let me tell you what you need to do with your business. Like, no, have you ever built something?

• 1:50:55Adam Sosnick?

  Yeah.

• 1:50:55Patrick Bet-David?

  Have you ever sold something? So I think the consulting challenge is gonna be, who's giving the advice and what type of success have they had in their lives? I think that's the challenge. Let me get to the last story here before we wrap up. Kevin Warsh sworn in as Federal Reserve Chair. Uh, Rob, if you have a clip on this, I think you do, on Kevin Warsh, uh, uh, being the, uh, sworn in. Apparently it was the closest one. A lot of issues, a lot of challenges getting into it as they were going back and forth. But it's official, uh, Rob, is this the president announcing it? Yes, sir. Go for it.

• 1:51:27Tom Ellsworth?

  I just turned on the television. I wanted to see how the stock market's doing today. Stock market's up 600 points. That means they like you.

• 1:51:37Tom Ellsworth?

  If they didn't like you.

• 1:51:39Adam Sosnick?

  I love when people like you.

• 1:51:43Adam Sosnick?

  That's him, looks like a young guy, man.

• 1:51:45Tom Ellsworth?

  It's actually up to 50,702. So that's as of about 12 minutes ago. Now, who knows? But I think it can only go up. I think with you, it's only gonna go up. That was a, a number that nobody thought was reachable during my entire four years. If you look at some of the great pundits.

• 1:52:01Patrick Bet-David?

  You know what he just did? I don't know if you know what he just did.

• 1:52:04Adam Sosnick?

  What?

• 1:52:04Patrick Bet-David?

  Let, let it keep playing, Rob.

• 1:52:06Tom Ellsworth?

  That would be impossible during the four years, but sometime after, we hit it in the first year. But now we're really hitting it.

• 1:52:11Patrick Bet-David?

  This guy is so good.

• 1:52:13Tom Ellsworth?

  Think of it.

• 1:52:13Patrick Bet-David?

  He's so funny and so good what he just did.

• 1:52:16Tom Ellsworth?

  And S and P like, well, set a new record today. They both set new records today. And boy, that's something that you're gonna bring.

• 1:52:22Patrick Bet-David?

  You can pause it, Rob. How great the Dow is doing and he's saying it's just gonna go up with you. What is, you know what he's saying?

• 1:52:29Adam Sosnick?

  That I'm great.

• 1:52:29Patrick Bet-David?

  No, no, no, no, not at all. No, not at all. What he's saying to him is you better lower the rates.

• 1:52:35Adam Sosnick?

  Yeah.

• 1:52:37Patrick Bet-David?

  That's what he's saying. And, and, and look at his face. He's kinda like, ah shit. He, no, by the way, what do you think is the only place this relationship can go moving forward the next two years? Good or bad? It's only down. This is the happiest these two are going to be the next two years. Ever. After this, it's...

• 1:52:55Speaker 04

  He's gonna say he's the worst guy he's ever met in his life.

• 1:52:58Adam Sosnick?

  Well, he has to own this. But by the way, who, uh, who, uh?

• 1:53:02Patrick Bet-David?

  Trump, Powell.

• 1:53:02Adam Sosnick?

  Who picked Powell?

• 1:53:03Patrick Bet-David?

  That's right. Trump did. So, this is back to back. So, Tom, tell us why this is a big deal. And the tough part is, even Tom is saying that the poor guy's gonna have to raise the rates if inflation goes the way it's going. Not even lower the rates. Go ahead, Tom.

• 1:53:15Tom Ellsworth?

  Right. There's all kinds of false, false flags and assumption here. So, part one. This guy came out of the Senate Banking Committee 13 to 11. That was the vote in committee, Pat, that this guy should go out to a vote on the floor to be on the Fed. Two votes out of committee. Then, they voted 55, 45, Pat. Isn't that amazing? That's tight. Do you know what, uh, you know what Jerome Powell was when he was put in under Biden? 84, 13. The whole Senate, like bipartisan was there. The only Democrat this guy got was Fetterman. Then, when Powell was that member of Trump, uh, Trump 84, 13, excuse me, and then under Biden,

• 1:54:00Tom Ellsworth?

  you know, Powell renewed at 80 to 19. You go back to people like Alan Greenspan, 91 to 7. We have politicized the Fed to the point that now it's on party lines. And they held this up because they didn't like Trump. That's my first point, is to take a look at what was going on here. But the second thing is, let me explain. He is a supply-side guy. And a supply-side guy is, are the people that believe the economy should be enabled by access to inexpensive capital. So, Vinny, you could go build the little factory you wanna build to build a, a garment factory to make Angry Patriot hats and shirts.

• 1:54:44Speaker 04

  Thank you.

• 1:54:44Tom Ellsworth?

  Supply-siders say, how do I... Make it so that everything from the Small Business Administration to bank loans for little companies that be there so you can go build. Whereas the Keynesians, those are the ones that are in the Fed right now. And the Fed is overrun by Keynesians who think that the government should control the demand by all the levers that it's pushing. And I, I don't feel that way. This guy just walked into the lion's den and he is in there gonna get it back. And there is a difference between people say, oh, you know, inflation is up, we should raise the rates. No, inflation is not up.

• 1:55:24Tom Ellsworth?

  We have supply spikes that are raising prices, but those are not pure signs that the whole economy's got an inflation problem. We have a, we have a supply spike, which way? Down in oil and everything that oil becomes, gasoline, heating for your home, not as important in the summer, and jet fuel. So guess what? Airline tickets go up, everything that goes up. Diesel fuel, getting all that apples to the grocery store, apple is up, not because there's inflation effect on apples, but because there's inflation on the diesel fuel. But soon as you fix the supply spike on fuel, we are gonna discover that the inflation rate is not 3.1, 3.84%. Those are false flags.

• 1:56:09Tom Ellsworth?

  And so the first thing that he has to do, Pat, is get through all this because I believe we need rate cut. We need a quarter cut on July 28th, 29th. That's what I believe and all the supply siders that I line up with believe that. His fight is gonna be against the spike, because the spike is not, you see what I'm saying? It's a supply spike that is putting inflation statistics, statistics that might normally indicate inflation, but it's not. And so I am glad this guy got through 13 to 11, 55, 45. I'm glad that Trump's happy with him. I agree, the relationship can only go one way from that press conference.

• 1:56:50Tom Ellsworth?

  But I'm telling you, I am praying this guy is successful and people should put aside the partisan and understand that the socialists love the Keynesians because they're government-oriented people and they wanna control demand by government, and that's what the socialists want. The supply siders like me are free market guys.

• 1:57:10Adam Sosnick?

  Did you get that, Ben?

• 1:57:12Patrick Bet-David?

  Dude, I concur with everything that he just said.

• 1:57:14Adam Sosnick?

  You sure?

• 1:57:15Patrick Bet-David?

  Hundred percent.

• 1:57:15Adam Sosnick?

  Well, you know what?

• 1:57:16Patrick Bet-David?

  What?

• 1:57:16Adam Sosnick?

  You might be wrong, buddy.

• 1:57:17Patrick Bet-David?

  What?

• 1:57:18Adam Sosnick?

  Because there might be some things that Tom is wrong about that.

• 1:57:20Patrick Bet-David?

  Go ahead, tell me.

• 1:57:20Adam Sosnick?

  I mean, I'm not going to fight with Tom, but I mean, maybe other people. There's one thing that I'll correct on that. By the way, uh, welcome to the big leagues, Kevin Marsh. Kevin Warsh. See, he's so, he's not even a known guy now, I've got his name wrong. Welcome to the big leagues, Kevin Warsh. By the way, we just talked earlier about MBAs and going to education. This guy is a prodigy. This guy went to Stanford, he went to Harvard, then he went to Harvard Business School, and then he went to Harvard Law School.

• 1:57:45Patrick Bet-David?

  So two tassels.

• 1:57:46Adam Sosnick?

  Who's this guy? He's ding, he's tomming it up.

• 1:57:48Patrick Bet-David?

  Yeah.

• 1:57:49Adam Sosnick?

  He makes Tom look like a buffoon. And Tom's the smartest guy, we know, we all know that. But here's a couple of things. Uh, we, we know that the Fed's job is to do two things. Keep, uh, employment at a, at a, at a rate below 5% and keep interest rates as close to 2% and they're constantly moving that, that lever. Uh, bad news for the end the Fed crowd, this guy's just going to, uh, retain more power. But here's why I disagree with Tom. Uh, you're saying that you're more likely going to have a, a rate cut? That's kind of what you said. Wall Street, it says here, that they're planning and betting, uh, on a rate hike. They're saying that the-

• 1:58:25Patrick Bet-David?

  Why are they betting?

• 1:58:26Adam Sosnick?

  Wall Street has increased their bets on a potential rate rise.

• 1:58:29Patrick Bet-David?

  Why?

• 1:58:29Adam Sosnick?

  Traders in the futures market are now fully pricing in a quarter point increase in rates by the end of 2026. Here's my question, you think Trump brought this guy in to do an increase? Doubtful, right? Because that's basically-

• 1:58:44Patrick Bet-David?

  But that's not what's going to happen. The guy, these types of guys, uh, uh, they're not going to do what the president wants them to do. This guy's not going to do what-

• 1:58:51Adam Sosnick?

  That's my point. Is that, that everyone is saying that you need to basically keep rates as is, and they're factoring in a potential rate hike. What Trump wants and what Tom is sort of saying is a rate reduction, right?

• 1:59:03Patrick Bet-David?

  Right.

• 1:59:04Adam Sosnick?

  Bottom line, a quarter point is probably is gonna wait, it's gonna go up, yes, or go down?

• 1:59:08Tom Ellsworth?

  By the way, it's not my arbitrary want. I believe when the supply shock goes away on oil and things come back down, we are going to discover we do not have an inflationary economy. We are discover that we've got job changes and unemployment, which means we need to give capital to businesses to go expand.

• 1:59:26Adam Sosnick?

  I agree with you on the

• 1:59:27Tom Ellsworth?

  I believe

• 1:59:28Adam Sosnick?

  inflation, what they call the transitory back in the day. I think obviously there's an oil spike and everything like that. The bigger thing, I think what you're saying is how to basically hire unemployment, employment due to AI. I think you think

• 1:59:38Tom Ellsworth?

  And everybody's been spooked by the length of time of the war and they're seeing all these inflation oriented stats out there, but it's not broad-based structural inflation at the bottom.

• 1:59:49Adam Sosnick?

  I think we're saying the same thing is that

• 1:59:50Tom Ellsworth?

  And so that's why they're pricing in, they're like, oh my gosh, all these stats are gonna be out there and worse is gonna have no choice but to raise it a quarter. And I'm like, get the spike out of the way, what's gonna happen?

• 2:00:00Patrick Bet-David?

  I'm still riding, I'm riding and die with pimp Tom. I'm not, I'm not, to the last story.

• 2:00:04Adam Sosnick?

  Alright, so remember that when the red light goes up.

• 2:00:05Tom Ellsworth?

  White House shooting, Rob, White House shooting. So everybody's minding their own business, trying to see what's going on with Iran and uh, uh, US's deal.

• 2:00:15Patrick Bet-David?

  And then all of a sudden, Ben is like, you know, there was a shooting at the White House, you know, 30, do you have the other one, Rob? That has all three of them? I have that in my notes as well. I don't know if you go to it, you'll see where all three of them, when the shooting happened, there was three different reactions. That's the one right there. So go ahead, play the clip while the shooting takes place. Look at the way different people reacts and the girl in the middle, Julie is like, not even phased by it. Selena doesn't even hesitate.

• 2:00:40Tom Ellsworth?

  Oh, Selena gang, gang, gang.

• 2:00:42Patrick Bet-David?

  Aaron, you can tell he's maybe a half Caucasian, half Asian.

• 2:00:45Tom Ellsworth?

  Yeah, he's kinda getting it.

• 2:00:47Adam Sosnick?

  Get down, boy.

• 2:00:48Patrick Bet-David?

  And then Julie's like

• 2:00:48Tom Ellsworth?

  Julie's hilarious.

• 2:00:49Patrick Bet-David?

  Those firecrackers are awesome, right? So maybe she has good memories with firecrackers on 4th of July. She went there. But anyways, you see the shooting, okay? And Shooting near White House leaves two dead after encounter with Secret Service. Rob, is this, um, here, let me just read it here because that could take a few minutes. I'm gonna go to this. Uh, "Secret Service officers have shot and killed a man after he opened fire on them at a security checkpoint outside the White House on Saturday evening. The gunman was taken to a hospital where he later died. A bystander was also shot in the incident who also passed away as well." That is, that is so tragic, man. Like, you didn't do anything, you're just going out there doing your thing, boom, you

• 2:01:32Patrick Bet-David?

  get shot, and now your family doesn't get to see you anymore. Trump was at the White House when the shots were heard. He was, he has been briefed on the shooting. CNN reporters at the scene said they heard, they sounded like dozens of shots, while NBC News put the number out, "Approximately 20 to 30 shots fired. The suspect approached a security checkpoint, carrying a bag from which he drew a firearm and opened fire on Secret Service officers." This preliminary investigation suggests he was emotionally disturbed and had a previous "stay away" order against them. Authorities are now investigating his motives and possible connection to the extremist groups. The shots were fired at the corner of the 17th Street and Pennsylvania Avenue Northwest location.

• 2:02:14Patrick Bet-David?

  Cash Patel issued a statement on X which read, "FBI is on the scene supporting Secret Service." Journalists who were gathered on the North Lawn at the time were quickly ordered by Secret Service to run inside the White House briefing room. So, Vinny, your thoughts on the story?

• 2:02:29Speaker 04

  Well, I mean, apparently this individual had already been someone that they were looking at. He already tried rushing the White House, uh, the barriers once. He claimed that he was Jesus Christ. Uh, so I don't know how this guy's just walking around. They obviously said that he had mental, um, issues. I'm happy, you know, God rest the souls of the people, the other person that was involved. But I think this is on, on, on a, on a bigger scale, on a bigger, deeper issue. Um, I sent Rob a, uh, chart from YouGov that 25% of very liberal Americans say violence can be justified to achieve political goals compared to 3% of very conservative Americans. And again, I don't know what this guy's problem, Jesus Christ. He wanted to kill the president.

• 2:03:12Speaker 04

  I don't know, but when you see stats like this and you see charts like this, and then I sent Rob another video. This is a leftist Democrat woman. Look at how, guys, I don't care if it's Trump, I don't care if it's Biden, I don't, just as a human being, look at her response, Pat, that when she found out that there was a shooting at the White House. Tell me this is a normal person that's walking around that wishes death upon people. Go ahead.

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• 2:06:09Speaker 01

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• 2:06:40Speaker 05

  They're saying there was like 30 gunshots fired outside the White House.

• 2:06:44Speaker 04

  Look, look, look at this.

• 2:06:46Speaker 05

  Please.

• 2:06:47Speaker 04

  Look at this. Look, what?

• 2:06:52Speaker 04

  She's like, please, man, she's like, please. Like, hoping and praying that the president of the United States is dead. I mean, we just, we already, how many attempts on his life? How many attempts, like, threats on his family's life? How many golf course, how many butlers, how many? It's like, it's, and I love, because I saw a bunch of clips last week on people that were on CNN and Scott Jennings was debating, I forgot who the kid was, he's like, yeah, the majority of this violence is coming from the right. Enough, enough of that nonsense. It's all coming from freaking one side. If I had to assume who this person was, he was probably, if he was voting, if he was before he went, he went nuts. It's the left. It's the left that keeps coming with this.

• 2:07:36Speaker 04

  Violent, violent, violent. When you have the Hasan Pikers, when you have all these people that are praising and hoping and praying. As a, as a, as a normal human being, you're hoping and crossing your fingers and, and hoping to God that somebody's murdered. Like that, and then, and then mind you, with the Luigi Mangione. The girl showing up to the freaking courthouse because they love a murderer. Something is off and going by, no, you know, I throw out the, the word demons, Pat. And I was kind of being, you know, a little funny, but I do love using that word. Something has captured the souls of these people spiritually and it can't be positive. It can't be positive when that type of stuff is happening because just like the White House shooting. If you're, uh, the White House Correspondents Dinner. Did you think you were gonna make it? That's a suicide attempt.

• 2:08:19Speaker 04

  You're doing a suicide mission to run in with a gun and try to kill people. Period. End of story.

• 2:08:24Tom Ellsworth?

  Tom. Yeah, by the way, the system worked here. And no, no, no, the system worked because 17th and Pennsylvania is a security checkpoint for the West Wing and for the working media. And the cars that are on there, the barricades that are there, the trucks that go sideways and go back and forth. It's Fort Knox. You come across that street and you pull a gun out of your bag. The reason there's 30 shots, and I'd like to know how many shots by who. You know, this area we're talking about. It says, yeah, exactly. The reason there's 30 shots, because there's 50 cops. I mean, there's, if you pull something out, the number of people that are gonna be drawing down on you as a threat.

• 2:09:09Tom Ellsworth?

  I'd like to know how many he shot, but the horrible thing is that it happened. But the good news is we've got protections in place and we've, and the security detail worked. But what's, what's horrible is that we, we have this incentivizing, inciting a riot. We're inciting people and we're, you know, bringing people to the edge of thinking it's okay. And that's terrible.

• 2:09:31Speaker 04

  Tom, how do you, Tom, this guy was, he had mental problems. I don't know if he was committed. He says he's Jesus Christ. How does he have a gun in the first place? How do you have a gun to be able to come and they know who you are and you still get that close? I mean, thank God, obviously he wasn't gonna get anywhere near the White House.

• 2:09:47Tom Ellsworth?

  This goes back to something we've been talking about forever, and I'm gonna make this really short. It says. See something, say something. We're all supposed to do that if we see some odd person, you know, at a, at a petrochemical plant. That was coined by W. who said, "See something, say something." If you see a bunch of guys at a petrochemical plant, don't think they belong there, say something. So now, we need, you know, all of the resources that can be there, so somebody can report it. What was lost on the previous, you know, shooter at the mosque in San Diego, was that the mom alertly called and said, "You gotta get going." And so the police were actually converging on him, and the mom did not wait. She called and said, "He's off his rocker, he's out here, and I think he took a gun from the

• 2:10:32Tom Ellsworth?

  house." Police were already checking, tracking the cellphone he was carrying in San Diego. But we need proactive resources for the people of mental illness, and we need to turn down the temperature of the rhetoric, which is not gonna happen. Adam?

• 2:10:47Adam Sosnick?

  Yeah, well, I was just in DC last week. I was actually fortunate enough to go to the House of Representatives. And let me tell you something, to get even near that, the Capitol, to get near the White House, I mean, you have to go through step after step after step after step. So whoever this mentally deranged person was who thought that they were even gonna get close to Trump is, is a farce at best. And unfortunately, I don't know what this guy's situation is. I don't even wanna know his name. He's a leftist lunatic, he probably didn't have his meds, whatever the thing is. But unfortunately, here's the reality. This is becoming all too common on the left, especially with Trump. You talked about it, if this was a story X amount of years ago, it'd have been the number one story. We saved this story for last, and it's not because we saved the best

• 2:11:32Adam Sosnick?

  for last, it's just because it's coming, becoming all too common. Unfortunately, the left, or the leftists, have become one thing. They're the anti-Trump party. Rob, you have that picture? This unfortunately, and I know a lot of these people, a day of the life of the typical leftist, they're just can't, they think of everything in the Trump lens, and they're justifying violence. What was the thing that Hasan Piker said? You know, "We gotta take out you know who." And everybody in the room applauded and cheered, and they knew exactly what they meant. They think, on the leftist, Dennis Prager, the great Dennis Prager, helped me at the time realize there's a difference between a liberal and a leftist. But, but the liberals are justifying what the leftists are doing, and that's why the progressives had taken over that party, and it's sad to see. And they've become godless and soulless, especially when they're justifying murder.

• 2:12:17Patrick Bet-David?

  Yeah, and so imagine that's the last story we're covering. Think about that.

• 2:12:21Speaker 04

  Yeah.

• 2:12:22Patrick Bet-David?

  Imagine what era we're living in where the last story we cover before we wrap up is that story.

• 2:12:26Speaker 04

  Typically would be a lead story is what you're saying.

• 2:12:28Patrick Bet-David?

  It would be a lead story and now we're covering the last. Anyways, gang, to everybody that's watching this, a couple of things. One, Vinnie has a special podcast that's about to go out on value taming comedy. And Vinnie, you want to tell us about this?

• 2:12:40Speaker 04

  Oh, yeah. So, Dan Simmons, who's ex Green Beret, veteran, it's freaking, it's going live at, I'm sorry, it's premiering at 1130 guys. So, put it on there on your reminder, it's going to be going live here shortly, Pat.

• 2:12:52Patrick Bet-David?

  Starts at 16 minutes.

• 2:12:53Speaker 04

  16 minutes, great conversation, military life, from a heroin addict to freaking what he's done for the country. It's amazing. And can I say one thing too, Pat? Because you mentioned the 1 million subscribers. I want to thank, obviously all glory goes to God. Everybody that's subscribed, that's liked, shared and everything. And for you, Pat, I have to say thank you from the bottom of my heart. You were sitting at home, watching YouTube videos with Jen and horrible content in my eyes. It was just, no, Adam, because in LA, people were like, just put something on there. And you saw something in me and by the grace of God, I came here, I took a leap of faith, God knows. And you've challenged me, you've pushed me, you made me a better communicator and I thank you and I love you to death.

• 2:13:33Speaker 04

  You like, I can't express with words how much. And we just broke a million, 160 some thousand and we're only literally only getting started. And the future looks so bright and I want to say thank you and I love you.

• 2:13:44Patrick Bet-David?

  Anytime. Love you too. Love you too, gang. With that being said, enjoy Rob. Do we have something tomorrow or?

• 2:13:49Tom Ellsworth?

  I guess Rick Ross.

• 2:13:50Patrick Bet-David?

  Oh, Rick Ross.

• 2:13:52Tom Ellsworth?

  Ball. Oh.

• 2:13:53Patrick Bet-David?

  God, dude, that's. The opening, well, we talked about him being a correctional officer. He didn't like that. No, he was. Anyways, you guys are going to enjoy the podcast. It's going to be testy. The first five, 10 minutes is very intense. You guys will enjoy it. Take care, everybody. God bless. Bye bye, bye bye.

• 2:14:40Speaker 07

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• 2:15:27Speaker 05

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