Amazon Has Warehouses Of GPUs That Can’t Be Installed + Shocking Campaign Allegations | The Tom Bilyeu Show

Hey everybody, Tom Bilyeu here. On today’s episode of Impact Theory, we’re diving headfirst into the chaos swirling around the global AI boom and the political firestorms popping up across the country. We’ll kick off with the Amazon GPU hoarding scandal—are tech giants like Amazon and Oracle really cornering the AI market, or is there a much bigger energy crisis brewing beneath the surface that nobody’s talking about? As billions pour into AI infrastructure, why are those very chips sitting unused in warehouses, and what does it mean for you when the price of everyday electronics keeps climbing? We’ll also break down Anthropic’s newly released financials and ask if we’re in the middle of an AI bubble that’s about to burst—think dot-com crash levels of risk. What happens when tech titans take on massive commitments they can’t keep, and what does that mean for the markets, your investments, and the debt hanging over the economy? I’ll share lessons from Ray Dalio on classic bubble mechanics, why legendary investors are backing out, and what history says happens when reality catches up to hype. But that’s not all. We’ll tackle the wildest moments from the campaign trail, including Vivek Ramaswamy’s jaw-dropping attack ad saga, the drama around allegations of illegal donations in the El-Sayed camp, and what happens when politicians cross every line of decency for a shot at victory. Is America drifting towards a values crisis, or are we just watching the same tribal battles play out in a new era? As the lines blur between economic bubbles, political populism, and the narratives shaping our world, join me, Producer Drew, and special insights from Donna Arthur as we unpack what all of this means for the future of America—plus, why the WNBA is suddenly ground zero for culture war battles two weeks before the midterms. This is an episode you do not want to miss. What's up, everybody? It's Tom Bilyeu here: Want my help starting a business? Join me here inside Zero To Founder https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show Sign up for my AI Masterclass: AI Masterclass https://tombilyeu.com/ai-masterclass?utm_campaign=Live%20Masterclass&utm_source=podcast&utm_medium=evergreen Follow Me: Instagram:https://www.instagram.com/tombilyeu/ Tik Tok:https://www.tiktok.com/@tombilyeu?lang=en Twitter:https://twitter.com/tombilyeu YouTube:https://www.youtube.com/@TomBilyeu Thank you to our sponsors: Tailor Brands: Check out Tailor Brands to launch your business starting at $0 + state fees: https://bit.ly/TailorBrandsSept Quince: Free shipping and 365-day returns at https://quince.com/impactpod Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription order PLUS receive a free gift with your second shipment—or find Ketone-IQ at CVS stores nationwide and get $5 off your first 6-pack for a limited time! Perplexity: Start your free trial of Perplexity Computer today at http://PPLX.ai/impact http://pplx.ai/impact and experience the next phase of AI. #ad makeup HeyGen: Create your first three AI videos for free at https://heygen.com/impact. Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

• 0:00Speaker 00

  Let's talk about the moment your side hustle becomes a real business. Now, I see way too many founders stay stuck running their business like it's a hobby. And then they wonder why nothing ever feels real. It doesn't feel real because it's not. I've helped thousands of entrepreneurs build real businesses through Impact Theory University. And the first step in the path to building a legit business is registering it. And Tailor Brands will help you do just that in a few clicks. An LLC, a limited liability company, is an official business structure. It's inexpensive to form and very simple to maintain. It's how you open a business bank account. It's how customers know they're dealing with a real company. And Tailor Brands doesn't stop at the filing.

• 0:45Speaker 00

  Their dashboard tracks what comes next based on what your business actually needs. So EIN number, registered agent, licenses and permits, bookkeeping, business banking. I tell every founder the same thing. Just make it official. Click the link in the show notes to check out Tailor Brands and get started on your business today. This is a paid advertisement.

• 1:07Speaker 01

  This message comes from Betterment. Dan Egan, VP of Behavioral Finance and Investing, explains the benefits of automated dividend reinvestment.

• 1:17Speaker 02

  If you've ever invested, you probably have noticed that occasionally you get dividends. Your stock pays it out. You get that as cash in your account and it usually sits there until you remember that you're supposed to buy something else with it to reinvest it back. Automated dividend reinvestment makes that effortless and seamless. When dividends come into your account, we automatically reinvest available dividends, not necessarily into where they came from, but into whatever would serve your portfolio best. So automated dividend reinvestment keeps you invested and keeps your portfolio in balance.

• 1:47Speaker 01

  Learn more about Betterment's dividend reinvestment methodology and other helpful investment tools at betterment.com. Investing involves risk. Performance not guaranteed.

• 1:57Speaker 00

  Ooh, the Amazon GPU hoarding story is far crazier than people realize. And most people are ignoring the much bigger problem. And speaking of big problems, Anthropic just dropped their updated financials. And we're officially in bloodbath territory. We're going to be getting into that. The Vivek Ramaswamy, Amy Acton attack ad drama is unhinged. You guys have to see it for yourself. We're going to be showing you that. The situation with El Said is going nuclear as a field operative who was caught on camera saying El Said is taking illegal donations, tried to physically assault a journalist. The Russian hostage story begs a question. Is Trump getting played into helping fund the Russian war machine?

• 2:42Speaker 00

  Or did he actually make a trade worth celebrating? The WNBA is back in the headlines with two insane stories you won't want to miss. All of that and more right now on the Tom Bilyeu Show Live. Welcome, everybody. All right. First of all, shout out to Tailor Brands who continues to not only be an avid sponsor of this show, but also doing everything they can to support entrepreneurs. If you guys are trying to launch your business and you want to get set up with covering your LLC, getting that up and running, they'll help you file your LLC in just a few clips to establish it as an official business.

• 3:19Speaker 00

  They can help you with things like your EIN registration number, your registered agent licenses, permits, bookkeeping, business banking, payments. They even have business coaching. These guys are absolutely incredible. So click the link in the description or check the QR code on your screen right now. Let them know that we sent you. Get started with Tailor Brands today. Love those guys so much for helping us continue to support the show. Much, much, much appreciated. All right. The Amazon GPU hoarding story is really pretty wacky. And most people honestly are ignoring what I think is a way bigger problem. Business Insider got ahold of internal Amazon documents and a recording of an employee meeting.

• 4:01Speaker 00

  And oh, boy, this whole AI game is not playing out the way that people think. Amazon is taking delivery of Nvidia's newest GB300 server racks, about $5 billion worth in August alone. And then they've got roughly $3 billion more every month after that. But most of them are just being socked away in a warehouse. Amazon at this point is like a squirrel with a cheek full of nuts. But instead of nuts, it's like a mouthful of all of the GPUs and memory chips that are raising the price of your PC, your PlayStation and your Switch. And then on top of that, you've got all kinds of bigger woes in terms of the AI bubble and funding issues and all of that.

• 4:44Speaker 00

  Now, the question becomes, why is Amazon doing this? Are these guys just greedy billionaires who want more and more? The answer is nope. They're going into warehouses because the data centers that these racks were built for can't get the power that they need to turn these things on. This is the same issue that Oracle is facing in the force majeure incident that played out in New Mexico. If you guys have been watching Oracle, those guys are struggling up and down. They're, I think, if you look at their default swaps, those are going up now, which is a sign that people are starting to bet against them, which means it's going to be more expensive for those guys to raise money because the people that are going to give you money for things like that.

• 5:26Speaker 00

  Look at your credit default swaps to see what people think is going to happen. Are you going to be here for the long run or are you in trouble? And so the betters anyway are saying that these guys are potentially in trouble. But it comes back to this idea of not being able to get enough power. Now, America and the world are making an absolutely gigantic bet on AI. We have talked about this right now. Effectively, the global economy is all hinging on AI. When you look at the actual growth that the world is experiencing. But I don't think people are being honest about how anti-energy the West has become, which is making it impossible for us to meet the demands of the moment.

• 6:08Speaker 00

  Now, according to Amazon, they have no clear forecasted path to how they're actually going to install all of this stuff that's already arriving. Ed Zitron, who we've covered on the show before, has basically brought this story to people's attention. He's estimating $200 to $300 billion of AI chips across the industry are sitting dark just in boxes somewhere, not making the world better, but certainly making parts of the world far more expensive. Remember, the massive amount of money that is pouring into the AI industry for all of this infrastructure build out is a major part of what's making the US government debt more expensive.

• 6:51Speaker 00

  So when you look at the bond market, which thankfully right now seems to be settling out a little bit, that's some good news. But it's been going up and up and up. And a big part of that reason is because so much of the capital that they would normally have access to is now going in to fund AI. But that funding is all going into stuff that's sitting in warehouses because we can't get the energy on board. And all of the money that's pouring into the sector is basically leaving us with this massive energy gap that we're going to need, but we see no like thing in the future that says that this stuff is coming online anytime soon. This, this is literal madness.

• 7:32Speaker 00

  And we are skitching out as a country, as a broader West, between being super dynamic, the way that America used to be, leading the world, understanding that if we're actually going to compete with China on artificial intelligence, that we absolutely must get this energy on board. But that's going to require a total shift of almost personality for the US for sure. And then when you look out at to Europe, those guys are falling even farther behind. And right now, we're stuck between being the America of old that was super dynamic and willing to build and becoming a slothy socialist country that's effectively modeling itself off of a dying Europe

• 8:15Speaker 00

  instead of defining themselves against Europe, which is exactly what I think that we should be doing right now. Now, we might be able to get away with all of this, socking it away in warehouses, waiting for the energy to come online. If the entire world wasn't betting our economic future on AI, but we are. And a lot of this hinges on sticking the landing with AI in the immediate term. And given Anthropic's recent revelations about what's happening with their financial situation, we could be on much shakier ground than people realize. And if you guys have been watching Ray Dalio, Ray Dalio talks about the exact thing that causes these bubbles to burst. And what causes the bubble to burst is always the need to start selling things to

• 9:00Speaker 00

  turn wealth into actual money that you can spend. This is all going to make a lot more sense as we go through and look at what Anthropic is actually doing in terms of their revenue and where they're at. They just dropped their updated financials and it really is getting bleak as you stretch this out into the future. So Anthropic has lost $80.7 billion in the first six months of 2026 alone. Okay? That's just the first half. That eye-watering amount came from a draft prospectus from their initial public offering. So they're having to be honest about everything that's going on.

• 9:41Speaker 00

  Now, last year, the same six months showed a much more modest bloodbath of a $13 billion loss. Now, to be fair, when you start parsing all of this out, the vast majority, 72 billion of that, is a future problem. It's not a current problem because what it is, is basically them marking to market the ownership interests in the company. And that shows up on the balance sheet as something absolutely horrific. So the big scary number right now isn't the real problem, but there is a real problem. Anthropic made $16.3 billion in revenue over six months, which is up from 1.1 billion. That's extraordinary. People should be freaking out.

• 10:24Speaker 00

  That's against roughly $9 billion being spent on compute, which is also up from 2.3 billion. So you've got your revenues growing massively. You've got your compute costs growing, but you have a much bigger looming issue in the background. And it goes like this. So their third quarter revenue hit $16.8 billion. Again, amazing. And Anthropic told investors that it was profitable on an adjusted basis, and I think that there's reason to largely throw that out. The real question to ask is why are investors getting nervous? Because they are getting nervous. Now, they're concerned because of this bigger problem that I'm talking about.

• 11:01Speaker 00

  Anthropic has about $450 billion in non-cancelable cloud agreements over the next seven to 10 years. Their own prospectus says that the bulk must be paid regardless of whether they use it or not. So that $450 billion, by the way, is just the hyperscaler cloud deals. You've got more on top of that, up to $86 billion for renting their Nvidia chips from nScale and Lambda, and more than $160 billion in obligations to lease Google chips through Broadcom. Including deals still under negotiation, the total commitments would reach about $750

• 11:45Speaker 00

  billion. Now, if you break that down to something annual, you're looking at $60 to $75 billion a year on average. And you realize that when you put all that together, you're already spending what you're bringing in just on dealing with your compute obligations and renting the things you're trying to rent. So that's not their own cost of employees, R and D, keeping up with the Joneses. You've got other companies that are obviously trying to beat them to the punch. You've got China threatening with cheaper models and things like that. So revenue would need to keep growing fast just to outrun that looming expense. So that's where everybody is getting concerned.

• 12:26Speaker 00

  And the big structural fear is that you've got a duration mismatch. Now, if you've got a duration mismatch, obviously you can end up in dire straits, even though the business is growing. So you've got a 10-year fixed obligation against revenue that's maybe three years old. So you don't have enough proven track record for everybody to be nice and calm about all of these things that you have coming in the future. Your revenues could flatten, and that's one of the things that has people worried. So obviously, add to that what I was just talking about, where you've got an ever-present risk of getting undercut by cheap Chinese open source models that could move the world forward, by the way, we should want open source.

• 13:07Speaker 00

  But it does bring into question whether or not the margins that Anthropic and OpenAI, quite frankly, are counting on are going to be destroyed by that. And unfortunately, the way that everybody is betting, we can't be agnostic to that. Because if the money doesn't come in to justify all of these hyperscalers building things out, you now have a debt problem that has spread its way out into the private debt market, the shadow banking sector, if you will. Nobody knows how much exposure there is to that, but that's all looming in the background, not to mention the fact that their revenue is hyper-concentrated into just a small handful of customers. Let's talk about the last time you got stuck in a phone tree.

• 13:52Speaker 00

  Press four for billing. Hold music. A robotic voice asks for your account number. Then a person picks up and asks for it again. The machine heard you, but it didn't understand a word. Now, put yourself on the other side of that call. If you run a business, that's what your customer is dealing with right now. Well, that's where 11 Agents comes in. 11 Agents is a platform for AI voice and chat agents that actually listen, understand, and resolve the issue. If you run a business or handle customer operations across support, sales, or marketing, you can start with a demo at elevenlabs.io/impactpod.

• 14:32Speaker 00

  See how 11 Agents can fit into your workflows and help build experiences that your customers will actually love. elevenlabs.io/impactpod. E-L-E-V-E-N-L-A-B-S dot I-O slash impactpod. There's a reason Quince sells cashmere for $60, and it isn't the cashmere. It's real 100% Mongolian cashmere. It's the same stuff luxury labels charge a fortune for. Quince just works directly with ethical factories and cuts out the middleman. So there's no need for a markup and no logo tax.

• 15:13Speaker 00

  The $60 goes to the actual sweater, not the fancy name on the tag. That's why everything they make runs 50 to 80% less, and it's not just the cashmere. I ordered a few things myself, their fleece joggers, a couple of their tees, which I wear obsessively. First thing I noticed was the quality. Soft, well-made, built to hold up. They make down jackets and wool outerwear now, too. So upgrade your stuff to things you'll actually wear. Find your next fall favorites at Quince. Download the Quince app for app-exclusive offers or go to quince.com. Get free shipping on your order and 365-day returns, now available in Canada and the UK, too.

• 15:56Speaker 00

  And when Quince asks where you heard about them, let them know it was Impact Theory. It's the best way to support the show. Let me be very honest, I've worked with a lot of sales teams. Prep is the first thing to go when the calendar starts filling up. That's where today's sponsor, Pipe Drive, comes in. It's an intelligent, AI-powered sales CRM that's loved by growing sales teams. Pipe Drive just launched meeting intelligence that's built right into the CRM. Before every call, it pulls deal history, emails, and past conversations into one brief. During the call, it records and takes notes, and after it, it drafts your CRM updates to review and approve. Nobody on your team walks in cold ever again.

• 16:37Speaker 00

  Switch to a CRM built by salespeople for salespeople and join the over 100,000 companies already using Pipe Drive. My link gets you an exclusive 30 days free instead of the usual 14-day trial, so make sure that you use it. No credit card or payment is needed. Just head to pipedrive.com/impact to get started. Again, that's pipedrive.com/impact, and you can be up and running in just minutes. Now, let's get back to the show. Whenever you're evaluating a business, one of the things you want to look at is how diversified is their revenue sources? And if you have one or two companies making up a massive amount of their revenue, you know that they're in a very weakened position.

• 17:20Speaker 00

  Because if they lost one of those customers, they would be screwed. Because all of those expenses are guaranteed, even though the revenue is not. And so as you see these guys battle it out for who's going to get these very small number of customers to start paying, it starts to be very questionable. Plus, unfortunately, Anthropic's growth, while amazing, is already slowing down dramatically. So Q3 revenue jumped 45% to $16.8 billion from the previous quarter, which sounds great, except that that was a slowdown from 146% growth between Q1 and Q2.

• 18:03Speaker 00

  And so you get into this position where great sometimes just isn't great enough. And so this is where you run into that mismatch of, on one hand, you have the fastest-growing company in history.

• 18:16Speaker 00

  Extraordinary. You could celebrate that if you didn't have your obligations outpacing what you have coming in in revenue. And so the differential between those two are the only thing that matters. And right now, that differential is not breaking in Anthropic's favor. And so people are starting to get tense. That's where Ray Dalio enters back into the picture here. If you guys saw the video that he did two weeks ago in Singapore, he was talking about AI being a classic bubble and said that, I think he said there's about 20% left of this where it could keep inflating, but that ultimately it's getting close to popping. And he's so like, the thing that is utterly fascinating about Ray Dalio is how he's always talking about the mechanisms.

• 19:00Speaker 00

  Just you've got an economy and it works on something very akin to physics. And so when you have this kind of enormous debt that's funding to build out, and you've got rates that are rising and paper wealth being utterly useless until you sell it, you see that you begin to get all this pressure on the industry as a whole. And he said, the thing that inevitably ends up popping these bubbles, it's almost always the same thing. And it's when you have to sell that wealth, that paper gain, to get real cash so that you can start paying for your bills. So whether those bills are the guaranteed compute that you have coming in the future,

• 19:41Speaker 00

  whether it's to make payroll, to service the debt, whatever the case may be, you have these big obligations that are coming your way, and you're going to have to start selling into the market, which is going to lower the value because you're of each share, because you're essentially flooding the market so that you can get a hold of the cash that you need. And Ray Dalio said, time after time after time, this is exactly the thing that pricks these bubbles. And so the sharpest minds that are looking at this setup are saying, listen, it's all but an inevitability that the bubble is going to deflate at some point. It only becomes a question of, is it going to deflate rapidly? Is this going to be a bubble that pops and leaves us in a dot com style situation?

• 20:23Speaker 00

  Or is this going to be something where the growth and the deflation sort of happen in a more even keel and we can manage our way through this? Now, anybody that wants to know, because I see this comment from you guys all the time. Anybody that wants to know why I focus on this stuff as much as I focus on it is because the very thing that made me do my mindset content for years was I wanted people to understand that they were in control of their lives. But you ultimately build a, an empowering mindset so that you can do something in the real world. And this moment right now, if you're not an investor, you're being absolutely destroyed. You can hear wolves howling in the background if you want. Think Mick, Fick, Tick, Simon Dixon.

• 21:04Speaker 00

  The Epstein class is ripping you off, which by the way, is a very fair read. All of that is there, but you're either sitting and getting absolutely destroyed by inflation or you're in the markets. Now, if you're in the markets, you have to understand how much the markets are exposed to AI. So I'm not beating a drum of there is a problem here because I want to focus on something that's negative. Lord knows, I would love to be talking about an only up phenomenon. But the reality is that I am, this is exactly the kind of thing that I'm thinking about in my own life, about where to allocate my money, where is a safe place to be? If you've got trouble in the bond market, you've got trouble in what is effectively one large economic bet from top to bottom, which is AI.

• 21:49Speaker 00

  Then it becomes a game that you must pay attention to the reality of the pieces on the chessboard. And if all you want to hear is all of the things that are good, you're going to get blindsided. The reality is that history like this repeats for a reason, because the economy operates on physics. And so I'm trying to lay out for myself so that I can make intelligent investing decisions and for you guys. But you have to understand, there's the bull case and there's the bear case. If you don't form an opinion and make decisions based on having your eyes wide open, you are going to get hit by a freight train. Now, why do I say that? Because this is what history does over and over and over. It runs people over because they are not paying attention to the actual reality on the ground.

• 22:33Speaker 00

  They want to form a quick snapshot of a narrative about what they think, and then just not think about it again. Now, if you've got 20, 30 years and you can just park your money, that's actually perfectly fine. But if you are not in a situation like that, you've got to figure out exactly what's going on, form an opinion about what that means you should be doing with your money, and then actually take action. So I think it is very incumbent upon all of us that don't want to get hit by a freight train to understand exactly what's going on right now.

• 23:04Speaker 03

  All right, I want to tease a couple of these things out because Ed Ditteron went on a run last night. So first off, he directly put the increased price of RAM and consumer electronics at the feet of Jensen Huang. This is his tweet, going back on Amazon has more compute and GPUs than they have resources and powers to implement them. He says, this means the increased price of RAM and consumer electronics was a result of an artificial supply chain crisis created by Jensen Huang, pushing Nvidia customers to take early delivery of GPUs. Jensen Huang is responsible for making life worse for everyone. You mentioned there earlier, switch prices are up, PlayStation prices are up, PC prices are up. Even just buying a regular iPhone now is going to cost a lot more simply because there's this memory crunch. Now we're realizing this memory crunch could just be artificial demand created by Jensen.

• 23:49Speaker 03

  So was Ed right kind of blaming Jensen or?

• 23:52Speaker 00

  I don't think so. I think, so the right question to ask is, why are we in a scenario where people are willing to listen to Jensen? When he says, hey, you guys are going to want to buy these because there's not going to be enough. Everybody's looking at the, they're zooming out so far. They're looking at, okay, we've got a real technology that's really delivering results for people. You've got a real AI intelligence battle, probably a better way to say it, happening between the US and China. It's going to be deeply consequential to every investor on planet Earth, what ends up happening with AI over time? And does this become a dot com style bust that just absolutely obliterates

• 24:37Speaker 00

  trillions of dollars of value?

• 24:42Speaker 00

  Can you avoid being one of the people that gets hit by it? And then gets to benefit from the growth up? This is where you look at a Buffett who's like, yo, man, I'm just backing out right now. You look at a Burry, they're backing out right now. There was somebody else, might have been Druckenmiller. Another one of the big guys just being like, I'm shorting the market right now for the foreseeable future. All of these guys are saying, okay, I've seen this before. I've lived through it. I know what happens. It's a bunch of people are going to get wiped out. That's going to create tremendous opportunity because this is a real technology. But first, we have to get on the other side of these just absolutely unhinged valuations. And then we'll build back up. It is exactly them mapping this to what happened in the dot com bust.

• 25:25Speaker 00

  Now, when you take that back in history, it's something that repeats over and over. I've talked about that a gazillion times. So when you look at that and you understand investors are getting over exuberant about a very real technology, they're getting out over their skis as, as investors do all throughout history in moments like this. And then the debt comes due faster than the revenue comes in. That's that mismatch that I'm talking about. You end up having to then sell in order to meet the demands of all of your commitments. And that causes the market to go down and that becomes the very thing that pricks the bubble. And so looking at Jensen Huang and recognizing that he's a part of the problem is true. Ed is accurate with that.

• 26:06Speaker 00

  Jensen is playing a role in terms of getting people hyped up, in terms of it's great for his company. If people feel like I got to buy all this stuff up now as fast as I can. And then as long as he can create some distance for himself from if the debt implodes, that he's still going to be fine on the other side of this. Yeah, it's great for him to get as much as he can right now. However, I think that introduces the bigger problem of what is America's identity? Who are we? Are we builders? Are we creators? Are we going to bring on energy in the same way that China is? Or are, do we have a socialist European style future? And right now, we are really caught between that. And the more I look at the growing difference in the economy, in terms of the K-shaped economy,

• 26:52Speaker 00

  it's really fascinating, man. There are so many points where you can see in the economy, just take an airplane, where airplanes now are getting rid of a bunch of economy seats so that they can put in more luxury seats. And they're doing that because there's an increasing number of people that are on the upside of the K. So when you hollow out the middle class, you don't push everybody down. You're pushing a lot of people up as well. And so we're just, you're left with nobody in the middle, but you've got a ton of people that are doing really, really well up here. And so that division of mentalities about, okay, am I invested in markets? Am I focused on growth? Am I taking control of my own money and saying, hey, this is a game that I can win,

• 27:33Speaker 00

  rigged though it may be, versus people that are like, fuck you, this system is so jacked up, tax billionaires to death, no concept of how the economy works. I just know that I want mine and now I'm super supportive of like what I see going on in France. And I don't want a data center in my neighborhood and I don't want nuclear power coming online and I don't want fossil fuels. It's like that schism is getting wider and it's getting, certainly in Europe, it's getting legitimately violent. And so now the question becomes, America's got to answer, who are we? And the first clue to me that this is really going to be a problem was the New Mexico thing where Oracle was unable to get the data center online, according to their timeline.

• 28:16Speaker 00

  I was like, oh, like some of this problem is just, we don't have the energy. And if we just didn't have the energy, but everybody was on board with, okay, let's get to it and let's build it out, I would be less concerned because you've got like seven to 10 years. I'm guessing at this point that a lot of the obligations that Anthropic and OpenAI have are backloaded, if they're smart. I don't know that for a fact, but that's my base assumption. And so it's like, we've got the time to bring this stuff online, to continue to build out the revenue, to continue to innovate and make these technologies worthy of the amount of money that people are pouring into it. But We're being fought internally with who are we? What is our identity? What are we gonna do? What are we committed to? Are we gonna build this out or not?

• 29:00Speaker 00

  And so that sort of schizophrenic nature of where America is right now? Oof, I don't know. I don't know how this is gonna play out. I don't know if we're gonna be able to get data centers in space fast enough that that doesn't become an issue.

• 29:14Speaker 00

  Yeah, I mean, you can really start spiraling this out. I don't think I pulled any of these clips, but actually, maybe I did. Check, there's a Democrat who was like, yeah, we're going to be going after Elon Musk when this is all done. I know Kara Swisher said something along those lines as well, but I've heard it from multiple people. And so are we going to start attacking the very people that are building these companies? And so now you have just were stymieing you from a energy perspective. And we plan to pursue you legally just to take you out of the game. So yeah, this is a pretty weird moment.

• 29:52Speaker 03

  Yeah, I want to hold this Swisher video just because I want to keep us in AI for a second. Cause there's one more thing I want to do. Nvidia just announced its DSX pod, which is basically a data center retrofitted into a standard shipping container. They just announced it earlier this morning in Berlin. So the reason I put this up is if the problem really is compute, and this is a way that average corporations, average utilities, communities, things like that, they can scale their compute without a massive rollout of data center. Does this solve the problem? Maybe like, I'm just trying to think, are they trying to be innovative?

• 30:29Speaker 00

  You've gotta have the energy. I mean, yes, it sounds like they're trying to innovate, but I would have to understand what do they plan to do from an energy perspective? Just because you can keep these from, you can solve one problem, which is I don't want a data center here. And so, hey, no worries. We're making them much smaller. We're able to put them in more remote places. But if you've got them in these more remote places in a smaller footprint, people are less, you know, offended by their presence. But you don't have the energy to actually turn them on. You still have a problem.

• 30:56Speaker 03

  Yeah.

• 30:57Speaker 00

  So this is where this whole moment feels so interconnected to me. There's so many different things going on, but ultimately it ends up being a battle for what are we going to get behind? What is the thing that we're going to focus on that we want to see resources allocated to? Do we want to see AI built out? I didn't even mention the public backlash towards data centers, the public backlash towards just AI in general. This is one of the areas, because I'm in game development, this is one of the areas that I'm encountering all the time with. Even putting up a job description, trying to get people to join Impact Theory's game team.

• 31:34Speaker 00

  It's like you're, you can look at so many incredible people and you see like, oh my God, this person's amazing. And they're like, I will not work with anybody doing AI. Like, I'm totally opposed to it. And so it's like, that just rules out all that talent. But then the companies are not going to be able to compete if they're not using AI because it so dramatically reduces the cost. So it's like, as one microcosm, you look at the players who are like, I want my games faster and I want them cheaper, but don't you dare use AI. So it's like, what? Like, I'm not gonna be able to get it to you faster and cheaper if I don't use AI. So there's so many layers of this going on.

• 32:18Speaker 00

  Up to and including the riots that you see happening in France, which are at least partly, definitely not exclusively, but at least partly driven by cost of living problems. And the cost of living issues are largely driven by terrible government policy. And so your government is doing more and more socialist stuff. And in France, and I did a whole diatribe about this, France really is a somewhat unique place, which is why so much of this starts there. Or is much bigger there is they've got other issues structurally to their government. But you see that same attitude of, I want the government to take care of everything. And I want them to do it by taxing everybody to death, but that's terrible for business.

• 33:03Speaker 00

  And so now you get into this downward spiral of businesses can't thrive. Therefore, there's less tax revenue. Therefore, there's less money to go into the things you're demanding to get for free. And so you're like choking the golden goose in trying to get it to lay eggs faster. It's like, that's not how it works. So yeah, the, across the West, we are struggling with that problem.

• 33:27Speaker 03

  Yeah. And it seems that the market is also losing confidence in a lot of these AI companies. Credit default swaps are nearing all time highs for a lot of them, Oracle especially. Break down credit default swaps, because you're the one who put me on this yesterday.

• 33:42Speaker 00

  Oh, my God. Okay, so credit default swaps are a nightmare. They are the gamblers in the market simply saying, yeah, I smell weakness. I think these guys are in trouble. And so they end up doing bets essentially against a company that they think is ultimately going to default on their loans. So this is wild. I can't believe this is true, but it is. You can bet against a company going, you can take out what is effectively an insurance policy against somebody defaulting on their loans, even though you have nothing to do with that company, the loan, anything. You're literally just placing a bet against them. And then the marketplace uses that as a way of going, oh, what do people think?

• 34:23Speaker 00

  It's, there's, this is maybe a weird fractal, but I'm sure you've seen all the drama around polymarket. And people were betting on, oh God, they were betting on something to do with death, people dying. God, somebody hopefully knows the ins and outs of that. I forget, what was it?

• 34:43Speaker 00

  No, no, it was something else. But anyway, people were super grossed out that they were like betting on how many people were gonna die or something like that. And so what polymarket's pushback was, and take this for what it's worth, obviously they're incentivized to say something good. But it is a true thing, whether it's their motivation or not, which is where people put their money actually tells you what people believe is really true. Because people can pontificate all they want, but you can see what they really believe based on where they put their money. And credit default swaps are that. It's the industry's way of going, oh, yeah, I probably shouldn't loan those people money. I just crowdsourced the answer through credit default swaps. And I see that people think that they're going to default.

• 35:24Speaker 00

  And so I'm gonna demand basically more money if that company wants to issue a corporate bond or something like that. And so credit default swaps can have a very direct impact on the cost of borrowing. And right now, the AI industry is obviously facing a crisis of debt as it is. And so if more and more companies find themselves like Oracle in a position where their credit default swaps are going up. And therefore people are like, ah, you're gonna have to pay more money if you want to, in interest, if you want to get the loans filled that you need. And so, yeah, that's credit default swaps, man. It's a gambling mechanism.

• 36:02Speaker 03

  So to me, that shows that the market isn't confident in AI. Consumers aren't confident in AI. Business spending on AI products is down.

• 36:10Speaker 00

  I think it's very important to say that the market isn't confident that the debt won't become a problem before the revenue comes in. Versus the technology's not real, or this industry's going nowhere. I don't hear a lot of credible voices saying AI is a fad or anything like that. I don't think anybody's that stupid, but it's very credible to say, okay, this is a real technology. We've seen this before. You get a timing mismatch and it ends up being a problem. And it ends up being a problem that wipes out for decades, trillions of dollars of value. And so those trillions of dollars of value that get lost, that accrues to somebody.

• 36:50Speaker 00

  And to further make the picture complicated.

• 36:58Speaker 00

  Will the US actually let the industry fall? Or will they backstop it with taxpayer dollars?

• 37:04Speaker 03

  Like the AI industry?

• 37:05Speaker 00

  Yeah. Because can we afford to lose to China? Nope.

• 37:10Speaker 03

  Yeah, seems like a bailout is on the way in that regard.

• 37:13Speaker 00

  I mean, the way that we've structured the entire economy, a bailout is basically guaranteed to anything that's systemically important. And the thing is, you want it to be. If you are going to insist on having the structure that we have now, you want it to be bailed out. You don't want to spiral into some gigantic depression. You at least want to buy yourself time to try to get the growth. It's. It is far more palatable than the alternative, which is that you absolutely obliterate your economy as it stands now. Everybody spirals into a depression. Now, I think that you're far better finding a different structure to your economy, but we're not going to do that. So now it's like, okay, how do we deal with this?

• 37:58Speaker 00

  That's why I'm pro the Trump accounts. That's why I'm pro these billionaires giving stock in their company to American kids. I think given the system that you have, it's at least a way to mitigate some of the downside.

• 38:12Speaker 03

  What do you mean by the system that we currently have?

• 38:14Speaker 00

  The system that you currently have says, I'm going to inflate you into nothingness and your only protection is to invest in non-inflatable assets. And that is the system. That is the system. This is, this is where I get, I get very sad for people that have an emotional reaction to that. They're mad about it because they're mad about it. They refuse to participate or they just don't learn about it. And so now you're saying, because I'm mad or because I don't want to pay attention, I am going to get destroyed. I'm going to be pushed to the bottom of the K if I'm not already there. And if I am already there, it's going to be made worse. And then the people that go, oh, okay, the game is rigged, but at least I know how to play it. They'll just pop up to the top side of the K.

• 38:56Speaker 00

  And so that's where it's like, bro, this is the economy. And so if you're not shoveling as much money into uninflatable assets as you can in the most, I don't know what I'm doing, so I'm diversified way possible. You're going to have a rough time of it.

• 39:14Speaker 03

  Yeah.

• 39:15Speaker 00

  Every deal has an expiration date, but not this one. I've been a ButcherBox customer for years and years. Their chicken breast is my go-to protein source. And right now you can get it for free in every box for life. ButcherBox delivers 100% grass-fed beef, organic chicken, wild-caught seafood and more, all sourced to standards they actually tell you about. They've already done the research and made the tough sourcing decisions. So all you have to decide is what's for dinner. If you're looking for an easier way to get great meals on the table, you've got to try ButcherBox. Go to butcherbox.com/impact to get $20 off your first box,

• 39:58Speaker 00

  plus chicken breast in every box for life, or filet, or New York strips for a year with free shipping always. That's butcherbox.com/impact. Be sure to use our link so they know that we sent you. Let's talk about something that genuinely keeps me awake at night. My team at Impact Theory gets hit with phishing scams from bad actors pretending to be me all the time. And they keep getting more sophisticated attacks with details specific enough to look legit. AI has made a lot of things possible, including scams like this, but AI still needs raw material. It gets it from data brokers who sell your name, address, phone number to anyone willing to pay.

• 40:42Speaker 00

  Incogni goes after that supply. They handle removal requests across 420-plus harmful broker sites. And they keep checking back as brokers constantly try to relist you. On the unlimited plan, the exposure scanner hunts down your information. Send a link and their privacy experts handle the takedown. Track your progress in the app and get a monthly risk assessment showing exactly where you stand. Go to incogni.com/impact and use code IMPACT for 60% off an annual plan. Incogni is I-N-C-O-G-N-I.com/impact. Promo code IMPACT. It's completely risk-free with a 30-day money-back guarantee.

• 41:26Speaker 01

  This message comes from Betterment. Dan Egan, VP of Behavioral Finance and Investing, explains the benefits of automated dividend reinvestment.

• 41:36Speaker 02

  If you've ever invested, you probably have noticed that occasionally you get dividends. Your stock pays it out. You get that as cash in your account and it usually sits there until you remember that you're supposed to buy something else with it to reinvest it back. Automated dividend reinvestment makes that effortless and seamless. When dividends come into your account, we automatically reinvest available dividends, not necessarily into where they came from, but into whatever would serve your portfolio best. So automated dividend reinvestment keeps you invested and keeps your portfolio in balance.

• 42:05Speaker 01

  Learn more about Betterment's dividend reinvestment methodology and other helpful investment tools at betterment.com. Investing involves risk. Performance not guaranteed.

• 42:16Speaker 03

  I don't know. The too-big-to-fail thing sits with me weird because in hindsight, you don't know what could have happened if those bailouts hadn't happened, how much unemployment would have increased, how many layoffs would have happened, all those things. It's impossible to say what the second order consequences are of something that never happened. But at the same time, I do think there has to be a line in the sand where we have to let people fail. We have to let businesses go out of business. We have to let the market rebalance itself. Because to me, that's the part of capitalism. It's the supply and demand. It's the movement of the markets, the swing of prices. And if we try to keep things the same and keep them inflated and keep them raised, we're never going to get the balance and the other side of the free markets actually play out.

• 42:54Speaker 00

  You are right and wrong at the same time. So you're right that we should structure the economy in a way where people are allowed to fail. It is the only moral and just thing to do. Investors should routinely get wiped out if they make a bad bet. Investing should be a thing that you do like with massive amounts of paranoia because you're like, if I bet wrong, no one is coming to save me and I'm going to lose everything. And so I'm going to be very strategic. I'm going to be very humble about what I know and what I don't know. And yeah, people should move up and down all the time. Now, the reason that you're wrong is that we decided to hyper-financialize our economy a very long time ago and we globalized.

• 43:37Speaker 00

  And that put us in a position that is so weak that you would legitimately, if, if you think of the markets as the only real industry in America, then you go like you would protect the steel industry if that was your primary industry or you would protect.

• 43:55Speaker 03

  Automotive industry or something like that.

• 43:56Speaker 00

  Perfect. That you're, you're trying to protect Americans. And if you were to shift your economy and start moving towards an economy that actually has to make things, now you're back in a much better position. But our economy is so unbalanced and so effectively non-productive in that we make a lot of money, but we do it through financial instruments. So we've created an economy that is, your product is financial instruments. And so you can't let that economy fail. It would just be too destructive to the average American, even the people that aren't in the stock market at all. And so the only people that want to see that happen

• 44:37Speaker 00

  are the people who would say, I would rather everybody be poor than anybody be wealthy. And then it's like, okay. And then it's like, yeah, break the whole thing, put us all in a depression and that's better than the differential. And there are certainly people that believe that. But on the ground, living that life is worse. And I think people have been so, they've become so numb to how hard it is to create the kind of safety and prosperity that we have in America, that they don't, they think it's a law of nature and that it wouldn't go away if you broke the system, but it does go away.

• 45:14Speaker 03

  Got you.

• 45:16Speaker 03

  Okay, cool. We have to jump over to some of the midterm drama that's been happening. Vivek Ramaswamy, friend of the show. He's running for governor of Ohio and some people are not appreciating his latest campaign ad.

• 45:29Speaker 00

  Man, I don't blame them. We're two weeks out. Amy Acton leaves Vivek Ramaswamy 50 to 43 in the mid-October Marist Poll. And what has just happened from an attack ad perspective is crazy unhinged. So you've got right now more than 676,000 Ohioans that have already voted. That's got Ramaswamy sweating bullets. And so his campaign just poured $4 million behind a one-minute video of Acton's estranged mother calling her a liar. And I think people are rightly going, yo, have we just completely lost the plot? Have we given up our complete moral center? If this is what we're doing? I'll let you guys be the judge. Here's the clip.

• 46:14Speaker 00

  We'll talk more about it.

• 46:16Speaker 04

  I'm Miss Donna Arthur and I'm Amy Acton's mother. I worked at Children and Family Service Association, building one of the first two sexual abuse programs in America. I love my daughter, but when I saw her lying about her opponent, and it's not easy for a mother to say this, but Amy has a serious problem. She is a liar. She lies about her past. She says she grew up living in a tent. None of that is true. She's lied her entire life. My daughter needs help and she can't help you if she needs help herself.

• 46:58Speaker 04

  People can change, but first they have to tell the truth. And my daughter still isn't doing that. Don't vote for people who lie. Don't let her become your governor. If you think she'll make your life better, you're fooling yourself. It will only get worse. Amy's darling.

• 47:18Speaker 00

  Yeah, okay, well.

• 47:19Speaker 03

  That was perfect drop.

• 47:22Speaker 00

  We've, we really have as a society. We have to decide.

• 47:29Speaker 00

  What part of the human psychology we're going to play to in these political ads? I get it. These things are always brutal. They've been brutal for a long time. So maybe I shouldn't be concerned that we're crossing some new line. But then I'll move my concern to, is this really the line that we want to be crossing? This isn't about policy. This isn't about, you know, what she wants to actually implement in the state. This is like digging up family drama. And first of all, it's not, at least as far as Amy Acton goes, this is not painting a real picture of what happened. Yes, this is her mother, but according to Acton, and we'll play a clip from her in a second. But according to her, like, this is leaving out all kinds of insane drama, including that there are court documents that show that they were living in a tent,

• 48:14Speaker 00

  that her mother was actually arrested out of a tent, that she was taken away from her mother when she was very young, partly due to neglect and sexual abuse. And so it gets pretty wild. But here's the clip from Amy Acton herself addressing this campaign ad.

• 48:29Speaker 05

  Circulating this morning has us starting with that instead and talking about the tone of this campaign. Here's a bit of audio from Donna Arthur, who says she is your mother.

• 48:40Speaker 04

  I love my daughter, but when I saw her lying about her opponent. It's not easy for a mother to say this, but Amy has a serious problem. She is a liar.

• 48:52Speaker 05

  So it's a one-minute video. She goes on to say that you're lying about your past and that people should not vote for you. So first off, to start, is Donna Arthur your mother?

• 49:02Speaker 06

  Yes, she is. And my mother, I was removed from her at the age of 12. My brother was nine for child abuse and neglect that got bad enough. We were actually living in a tent in the middle of winter. She was eventually arrested, the court documents show, from the tent. So yeah, that's the last time I've seen her was in court when I was 12 years old.

• 49:29Speaker 05

  She says in the video that your narrative about your upbringing, what you just mentioned about living in a tent in the winter is not true. So is she lying?

• 49:37Speaker 06

  Yes, and you know, it's awful to see this. It's awful to see her this way. And it's even more incredible to see that my opponent has taken advantage of someone who is, who's clearly not well, who is older. And, and this is totally in line with who he is.

• 49:58Speaker 00

  I will be very surprised if this doesn't end up coming back to bite Vivek in the ass. I, yeah, I think that there really is just something that makes people uncomfortable when, especially when you're talking about sexual abuse of a child. Now, listen, there's, what, what the ultimate facts will show is up for grabs. But right now, part of what Vivek's team is going to run into is that, according to Acton, she was being sexually abused by her mother's boyfriend or husband. I don't know if they were officially married or not, but the mom ends up staying with him after the kids are taken away. Both brother and sister are telling the same story about what happened.

• 50:40Speaker 00

  And so I believe the father was even charged with her abuse and possibly the abuse of somebody else. Don't quote me on that, but that's what I remember from what I was watching. And so, oh God, it's just like, this is so brutal. It would be, I think, far wiser for any politician, Vivek most certainly included, to stay to the issues. Okay, what is it that you're worried that she's going to do? Document that, talk about why it's not working. By all means, if you want to make people feel something about that, I certainly understand. You're going to paint a picture that has a populist emotional appeal, got it.

• 51:22Speaker 00

  But man, dragging up mom to call her a liar when there's such a dark history is just, I don't know. Certainly doesn't make me comfortable.

• 51:31Speaker 03

  Yeah, that's my thing. I haven't seen anybody watch this ad and be like, ah, got her, bird. Like, he's not getting the applause and like the laps around it. But you mentioned at the top of the read, is there, do we need to revisit decency? And I hate to sound like an old man on my rocking chair, but there were these unspoken rules of politics that slowly by slowly, election by election, have been removed. And now we're at the point now where I'm getting your estranged mom who's convicted, like.

• 51:58Speaker 00

  Mom's not convicted of anything, just for clarity.

• 52:01Speaker 03

  Yeah, dad, she's with somebody else. I don't know, it just seems weird. And at one point, it's like, he should get penalized for this because to me, this is a below the belt. Like, this is below the belt, but at the same time, I could just be being the only one holding on to my morals in America. And it amounts to like, let's just win.

• 52:17Speaker 00

  I do worry that the next AI video that we should do of the two of us is old men sitting on the porch in rocking chairs, longing for decency. So, one, yes, we should all be finding our moral center. This has been a big part of the drum that I've been beating. But the reality is we won't in a populist moment. So that is definitely tilting at windmills to shout that into the void. Nonetheless, I think that from a earn your own respect perspective, I would certainly understand it. But we won't find our way out of this until people start defining what their values are. God, this is going to sound so cheesy, but living by principles of virtue and defining this is right, this is wrong.

• 52:58Speaker 00

  And so if it's wrong, we're just not going to do it, even if it's expedient to get us to the aims that we want. But in a populist moment, the pie is legitimately shrinking. People are fighting over their piece of the pie and they will do anything up to and including violence to get what they want. And to make sure that their team walks away with as much of the pie as they possibly can. They dehumanize the other side and it just all feels fair, right? It just seems like, yeah, look, this is gross, but imagine what she's going to do if she gets elected. It's going to be terrible for the country. Not realizing the way that we're fighting these battles are terrible for the country. So, and Americans are divided on this. Americans are aggressively divided over just how far should we be willing to go

• 53:43Speaker 00

  to stop the other side, whichever side you're on, to stop the other side from gaining victory. And so you've got people saying, arrest all Republicans. We never played that clip. I don't know if we have it in the doc, but there was that woman who admitted to, she admitted to drinking three beers, which I will take as an admission of being intoxicated. But she was like slurring her words and they were like, okay, you know, is there any final message that you have? And she was like, yeah, arrest all Republicans. It was like, what is happening? So there is, there is clearly unhinged rhetoric coming from both sides who are willing to go to jailing their political opponents.

• 54:25Speaker 00

  That unfortunately is happening on both sides, to being prepared for violence, talking about the other side like they're subhuman. I mean, it's really, this, this is how something escalates into something bad. So anybody that is trying to bring us back to sanity and a moral center has my vote.

• 54:42Speaker 03

  Yeah, I can't find the arrest all Republicans thing. It's just new and there's people in the chat that are saying, known Adam Smith said this is animal in a corner behavior. So Ramaswami was obviously losing, so he had to throw a Hail Mary. I get that. Somebody else is saying this is on Trump because he was impersonating the disabled reporter at his rally and all this other stuff years ago. So that was the first like domino to fall.

• 55:04Speaker 00

  So here's, here is the thing that is very important to understand. Otherwise, you're not going to be able to parse what's happening right now, which is that we summon our leaders. They aren't, I do believe in the great man theory of history, but when Hitler first started running for office, he couldn't pull it off. And he was getting like 2% of the vote. And it wasn't until the populace shifted and then he was able to come to power. It was the same guy with the same message, same rhetorical flourish, same brilliant speaker, all of that. But he just couldn't get people going. It's, it needed a shift in culture for him to become a relevant politician. And the same is true of Trump that, or any populist leader,

• 55:49Speaker 00

  is we have to be in a certain place for us to be willing to elect them. And so that is to understand, we shifted first and then pulled forward these politicians who finally were articulating things that felt unexpressed. They were already, people were feeling them, but nobody was saying it. And so then when he says it, people are like, oh my God, yes, he put words to exactly what I feel. Or he's like making fun of them in a way that I want to make fun of them. And he's making me feel what I want to feel. People have to want to feel it, otherwise it doesn't work.

• 56:20Speaker 03

  Yeah. Is the, this is a good comment from Chili Will. Is the both sides thing diluting our ability to actually diagnose the problem? Because I think in politics right now, we default to, well, both sides are doing it. And we kind of shrug our shoulders and wave it away versus saying, putting accountability at those people's feet. This is Ramaswami's ad, this is Trump's speech, this is Kara Swisher's podcast. Like, there's certain things we should attribute to the person and not just like, well, both sides are doing it, so we're screwed. Or both sides are doing it, so it's okay. Like, is there that second layer of accountability? Or is it just not something that we're doing right now type thing?

• 57:02Speaker 00

  I, I do think that you have to apply the accountability where it lands. I think that stuff matters. I think policies matter a lot. And so understanding what somebody's doing, how they're talking, you know, what they're doing to contribute or further the problem is a very worthy thing to point out and think about. The reason that I will point out when something is on both sides is partly because I need to remind myself, I'm not on the team. I need to remind myself when the danger is shared on both sides of the issue so that I find a real path forward. Because it's not like I can go, okay, I'm just going to vote Democrat next time because I see the same things that they're doing on their side.

• 57:45Speaker 00

  So for me, it's about when you understand what the actual cause and effect is, you can start making smarter decisions, or at least in my case, because I talk into a microphone, you can actually point out where the flaws are in the system. If what you're trying to do is say, look, our side makes sense. The other side, they're out of their minds. Now you're just playing team ball, it's populism all over again. And you're like, yep, I'm on this side and I'm going to say whatever the fuck I have to say to keep my team membership, to make sure my team wins. I try to make sure that I point out things that are actively. Not helping my side and quote unquote, because I don't want to have a side. I want to make sure that I am actually seeing what's happening, that I can try to find a path that is actually going to lead where I want to go.

• 58:30Speaker 00

  And so that I think is really important. So when people use the, oh, they're just both sides in it. It's like, well, is it actually happening on both sides? Yes or no? If it's not, then it's bullshit. And why would anybody waste their words on it? You should call them out for saying it's both sides when it's not. If it is happening on both sides, then you need to have that as a part of your mental model so that we can understand what the fuck is actually going on. Because right now, I think both the Democrats and the Republicans are completely tribally captured and are currently incapable of leading us anywhere.

• 59:07Speaker 00

  What I'll say is positive in the direction that we should be going. That doesn't mean that you can't still go, okay, one of these is worse than the other based on your values, where you want to end up, all of that. But when you see the same problem on both sides, you need to stay rational and be able to say, okay, yes, I see this problem equally.

• 59:25Speaker 03

  Yeah. I'm going back to our Chank Ugar interview where we did where he says it's not about left and right, it's about establishment and anti-establishment. And that's kind of the new shift. Do you agree with like those are the lines being drawn right now?

• 59:38Speaker 00

  If you peg him as what he means by that is you essentially have people that are captured by money. I think you'd be comfortable with that. And so whether you're captured by money from a left angle or you're captured by money on the right, it doesn't matter. They're captured by money. And he is very pro populism. Now, he will give you a definition of populism, I think, and I am not trying to misrepresent. So by all means, if somebody knows this better, but I've heard him say populism is basically just what's popular. And now the reason that breaks for me is I don't think that's what's actually happening. And you have to ask yourself, why are those things popular? And I think the reason that those things are popular is from what I've laid out a hundred

• 1:00:22Speaker 00

  times, which is that in a populist moment, what's happening is people are in an emotional state, they are not using logic, they aren't even like, where am I trying to get to? They're just saying the pie is shrinking and I need to get more of it. If I have to dehumanize, attack, burn down, whatever, I will do that. And so, once you've got sides that are locked in populism, I don't trust them to make decisions. And so now I'm like, okay, if you've got, in a populist moment, you've got people clamoring for something, I'm just like, that doesn't mean that this is actually going to take us anywhere good. And so you need to look no further than some of the economic things that people are calling for, that will be way worse for them. And so it's like, Jesus, guys, you don't have to look any farther than Europe to go, you really want to be like Europe?

• 1:01:05Speaker 00

  Europe is not going in a good direction, not economically, not socially, not from a stability standpoint, like there basically isn't a metric that you can point to and go, yeah, I want to be like that. And so of course, that's where the Nordic countries come back up. We can do a whole treatise on the Nordic countries in terms of the problems that they have up to and including immigration, which is becoming a real problem for them, largely because of the things that have made them historically so happy are now working against them because you can't have like this massive social safety net that requires just excessive broad-based taxation and then bring people in, knowing that they're going to leverage that system and not contribute.

• 1:01:48Speaker 00

  And so, yeah, it is just, unfortunately, you have Europe going in a very negative direction that should give you an answer that, oh, those policies won't work, but we don't see that, we see the exact opposite, we see them being popular, more popular by the day. People are looking at France and being like, we have this clip. And I, as much as you guys trust AI, I had Grok do a breakdown of go in, figure out what they're saying in French, and then tell me if the subtitles on the screen are actually accurate. I think if you, I think I put collateral damage in the thing, if you do a search for that. But while he looks for that, I'll tell you what happened. So you've got two French women and they're basically, nope, they're basically yelling at each other.

• 1:02:33Speaker 00

  And one French woman says to the other, I was, see if we found it, I think that is it, yes. Okay, so I'll read you the English subtitles. Let's start from the beginning. All right, with my infant, so pause for a second. So she's talking about that she was trapped in her apartment. So she was trapped in her apartment with her infant, that's what she's referencing there. So trapped with my infant in an apartment I was trying to get out of, I was told, because I was filthy bourgeoisie, I was stopping them from looting the little shop downstairs, honestly, the level, okay, sorry, we missed the most important part just because fucking French talks so fast. But she said that they were threatening to rape her.

• 1:03:15Speaker 00

  Okay, so trapped in my apartment by these guys, they're calling me filthy bourgeoisie because I'm stopping people from looting, they threatened to rape me. Okay, that's what's hanging in the air. And then this French woman replies, if you want to play that part, and she says that's collateral damage of the revolution.

• 1:03:35Speaker 00

  Yeah, pacifist activism doesn't work, we've got to take up arms. And then later in the clip, she's saying that basically you never get the changes that you want through peaceful means, that it's always going to be revolutionary. And then, again, after telling her that, yeah, if somebody gets raped, then that's collateral damage of the revolution. And she's like, you support that? And she goes, obviously I support the revolution. So what's crazy is that this is obviously a well put together, middle class, upper middle class woman who does not understand, apparently, what it looks like when the guillotines actually come out.

• 1:04:14Speaker 00

  And so I did a whole treatise on why exactly the French in particular find themselves in a situation where basically constantly doing revolution seems like the only answer. And one of the reasons that they do that is because their government is such that they effectively elect a king for five years and they can do whatever the fuck they want, they do not have to compromise or convince anybody, they literally just do things by decree. And so they, in many ways, structurally from the government perspective, are left in a situation where they just have to revolt because there's like five-ish different groups that are all well organized and fighting against each other.

• 1:04:57Speaker 00

  And because it's 54, 57%, 56, somewhere in there, percent of GDP is spent on social programs. That is so fucking crazy, that just default, I can tell you right now, your economy's in trouble. And hey, lo and behold, their bond market is absolutely imploding, they have five times more debt than Greece had when Greece was having their crisis. And so you're in a situation where people are like, oh, we're looking at a Eurozone debt crisis 2.0, led essentially by France. Now, why is that the case? Because you have to run ridiculous deficits when you have these five well organized groups that are all fighting for their shrinking piece of the pie because they keep breaking the economic engine by trying to be so fucking socialist.

• 1:05:39Speaker 00

  And so by doing all of that, they break the goose that lays the golden eggs and then they fight over the eggs that are remaining. And this is exactly how you end up in this structure, which you make worse when you put them in a position where for five years, a guy basically can't be overthrown, can do whatever the fuck he wants, and just governs by decree. So, yeah, you, you guys created this structure. And so if you want to get out of it, you're going to have to do something that looks more like a republic, like what the US has. But alas, they do not seem to be on that path. So, yeah, but it is absolutely unhinged, completely wild that somebody would say, yeah, like if rape happens, it's just collateral damage.

• 1:06:22Speaker 03

  Well, I mean, that's how Cornell does it, right? You know?

• 1:06:27Speaker 03

  Here are weeks, guys, here are weeks. Okay, keeping up with midterm stuff, we have to jump over to James O'Keefe and Abdul El-Sayed's campaign office. James O'Keefe is in Michigan getting to the news and he said that he uncovered some things. Now, I got a 13 minute clip and a nine minute clip. So Tom, I'm gonna let you summarize it for us and I'll play it in the background.

• 1:06:46Speaker 00

  All right. Yeah, and also, there's probably, the thing that you want to look out for here is, what you're going to see on camera is James O'Keefe going in and he is showing a clip to the person who was actually caught on camera. So the O'Keefe Media Group released undercover video of Abdul Beckwith, who you're going to see right there, the guy with the headphones on. He's a regional field organizer working to elect El-Sayed. And he was caught telling a reporter that was posing as a volunteer that El-Sayed has, quote, "people from overseas that donate to him." And then the undercover reporter said, okay, is that allowed? And the guy says, no. Then he describes basically how it works, money from abroad goes to a family member and the family member gives it to the campaign.

• 1:07:31Speaker 00

  And he claims that everybody does it. Now, needless to say, that got Beckwith fired, rightfully so. And I'm sure it certainly did not help that as you can see on camera here, right there, that he's going to continually try to push past to get up to and physically confront James O'Keefe. So, yeah, that, that is not going to make you look innocent, let's start with that. So that is not playing well for El-Sayed. So, yeah, I don't know yet if this is actually true, so we're going to need to see this play out. That's just the reporting coming from James O'Keefe, so assume that this is all allegedly

• 1:08:12Speaker 00

  at this point, it's very possible that that kid was talking out of his ass, but he was caught on camera just saying it straight up. So the El-Sayed camp obviously vigorously denies this. So we'll see in the end what comes out of this, if anything.

• 1:08:31Speaker 03

  Yeah, shout out to James O'Keefe, I liked it better when he was honeypotting people, but you know.

• 1:08:35Speaker 00

  Yeah, I don't know how they got this guy to talk. I don't know if the guy was pretending to be somebody who wanted to work for Abdul or what, but man, people like to talk about this shit, it's so crazy. Just as a reminder, if you are a five or a six and you've got an eight or nine woman talking to you, you're being recorded by James O'Keefe, just please, for the love of God, keep that in mind.

• 1:08:59Speaker 03

  Okay, so I want to jump into the actual debate of it all.

• 1:09:04Speaker 03

  El-Sayed getting money overseas. I'm going to argue that this is a loophole that has been exploited since Citizens United got overturned.

• 1:09:15Speaker 03

  But El Said is getting a brunt of it because there's a lot of Muslim Brotherhood talk. There's a lot of, he's a secret terrorist, he's an incel, he's gonna shadow sell it, all these other things. I'm sorry, uh, uh, shadow cell, not incel.

• 1:09:27Speaker 00

  Got it, got it. I was like, Abdul Said is a good looking guy. I don't think he's got that problem.

• 1:09:32Speaker 03

  So is this a, it's one of those things where I feel like certain topics are only topics for certain politicians. Like, you know what I mean? So like Said having to come to Congress and talk about selecting money overseas, where we have like Ted Cruz or somebody who's actively campaigning for Israel right now. They're not answering kind of that like conversation. So it's like, is money overseas bad? Okay, then we should stop all money overseas. But is money overseas just bad because we think this guy is like the Muslim bad guy? I'm just trying to figure out why did this catch steam around him? Where I feel like we've been having this conversation for the last year.

• 1:10:09Speaker 00

  I think the reason that, so you're bringing up a really important point, which is selective outrage against certain people. And is this just racism aimed at El Said? And I'll address that in a second. But the reason that the funding overseas thing has caught for El Said is because the guy said on camera, he's taking money from overseas. I think if you saw that claim coming from anybody, people are gonna jump on it. Now, super PAC money and all that is ever-present in terms of the debate and people fucking hate it. And it is a real thing, but it is something that we have allowed by law. So that stuff usually goes nowhere because despite the fact that we should all hate money being in politics, it is legal as of right now. So that you're gonna see more and more of.

• 1:10:54Speaker 00

  Now, when it comes to foreign interference, that's where things start to get weird. So if he hadn't said that, like this wasn't on my radar at all, that El Said, anybody thought, oh, he's taking campaign donations from overseas. So I don't know if I just missed it. I don't know if that's what James O'Keefe was hunting for specifically, or if they were just hunting for something else. That I don't know. We'll have to see in the fullness of time what comes out of that. But, okay, so setting that aside, I think he, he really does have a problem when you've got, he's technically not a staffer, but I think that's not gonna matter to anybody. This is a kid trying to get El Said elected. He's in El Said's office, he's caught on camera, talking openly about the fact that he does it, how he does it, et cetera. So that is certainly gonna need to be looked at.

• 1:11:37Speaker 00

  Now, one of the reasons that I think people are gonna be very quick to believe it is just like, to your point, there are a lot of people who are suspected of having dual loyalties to Israel. You've now got people suspected of having dual loyalties to Islam. And so El Said is certainly a lightning rod for that. You see a lot of this.

• 1:11:58Speaker 03

  Do you wanna clean that, because Islam's the, you have dual, like allegiance to a religion?

• 1:12:02Speaker 00

  Yes. Oh, a great, that word was chosen aggressively on purpose. But what are you worried I'm misstating?

• 1:12:08Speaker 03

  No, I thought you meant like to Iran or to a country.

• 1:12:11Speaker 00

  I haven't heard anybody say that he specifically got allegiance to a country. If I'm missing it, by all means. Also, God, did we wanna frack on this, but I'll just plant a headline here. To understand Islam, we are going to have to understand the, that nationality is not the way that a lot of people view themselves. And so the idea of a global caliphate is the idea of one nation under Islam. So all peoples under the umbrella of what is ultimately both a political and a religious ideology. So, yeah, I think that's part of what has become problematic in the Middle East is they don't necessarily view themselves as like, oh, I'm a part of a nation, meaning a nation-state the way that we would define it.

• 1:12:56Speaker 00

  Okay, so now, given that people are, some people are worried, oh my God, like he's a Muslim invader, right? That now he's gonna fall to a much deeper level of suspicion on something like this than other people would. Now, there was a really, I was very impressed with El Said, I'm not gonna lie. I do, I hate El Said's policies. He is DSA-adjacent, if not a proper DSA dry-humper. Like, I obviously do not like his policies. But nonetheless, this kid is fucking talented. You wanna talk about, A, he is very smart. He is very fast on his feet. He knows how to play the political game. So if you're looking for politicians to be impressed by, he's one of them.

• 1:13:40Speaker 00

  Just very, very smooth operator. I take nothing away from him. So recognize when you have a formidable opponent, he is formidable. He's very good at what he does. And recently, he had a clip go viral where he was debating this Christian kid. I don't know if that kid would clock himself as Christian nationalist, but depending on sort of what things you paint Christian nationalism with, if you take away the like,

• 1:14:07Speaker 00

  do people think Christian nationalists, does it automatically connotate racism?

• 1:14:12Speaker 03

  Nick Fuentes, white supremacy, Nazis.

• 1:14:14Speaker 00

  Okay, so I don't know if the kid would like that, but certainly from a religious perspective, he gives himself away that he wants this to be a, like, on-paper Christian nation. And we'll get to that part when, when we play the clip, you'll see at the, at the end.

• 1:14:32Speaker 00

  We'll play this first, and then I'll give the argument that the kid should have made, because there actually is a reason that Abdul El Said should be directly addressing the Muslim Brotherhood complaints. I think that is, there's a very real thing there.

• 1:14:51Speaker 07

  No, your friend's got the mic. I'm asking you a simple question. You give me your name, I'll answer the question. Okay, Tommy. Hi, Tommy, how are you? I'm great. Are you, do you know what the Constitution of the United States is? I have one simple question. Will you disavow the Muslim Brotherhood? Yeah, absolutely, but I wanna ask the question.

• 1:15:07Speaker 00

  So that, that's gonna get lost in this. So I can only imagine this kid is like nervous and all of that. However, he literally just disavowed the Muslim Brotherhood. And the kid is gonna keep acting like he didn't just say it with the first words out of his mouth. Now, if I were El Said, I would've said it again, like, bro, I started my whole fucking sentence, or this whole diatribe by saying, yes, I disavow them. It was easy. You notice I didn't hesitate. He doesn't do that either. So that sort of gets lost in all this, but anyway, back to the clip.

• 1:15:34Speaker 07

  Question that you're asking. Why are you asking the question? Well, because they're a terrorist group. Okay. No, no, but what are you implying? Do you assume that I wouldn't? Yes. Why not? Because I have not heard you disavow them yet. Have you disavowed them? I haven't heard you disavow them yet. Great. But here's the thing about it. You're asking the question because implicitly you assume that I'll have dual loyalties, right? You assume that somehow I wouldn't disavow, or that I'll have some higher order allegiance than to the Constitution, correct? Tommy, is that what you imply? Yes. Why would you think that about me? Because I have not heard you disavow. No, no, no, no. Why would you actually think that about me?

• 1:16:16Speaker 07

  But I just did. But why would you actually think that? Why would you, have you asked everybody in your life if they disavow you?

• 1:16:23Speaker 00

  It's actually a great question.

• 1:16:24Speaker 07

  So why are you asking me? Because I have not heard you. No, no, no. Answer the question, Tommy.

• 1:16:28Speaker 00

  See, right there, he should've said, listen, you did hear me. I said it at the beginning. I just confirmed it four seconds ago. So, boyo, you're not paying attention, or there's something else going on here. Anyway, this is such a masterclass.

• 1:16:44Speaker 00

  Could he have done it mildly better? Sure, but keep going.

• 1:16:47Speaker 07

  Do it, answer the question.

• 1:16:50Speaker 07

  All right. So let me just tell you, let me just tell you. I'm gonna swear an oath to the Constitution of the United States.

• 1:16:56Speaker 00

  This is so good.

• 1:16:57Speaker 07

  And that Constitution guarantees us all the right to practice whatever faith we want, don't faith it up? And now, you assume, you assume, Tommy, that because I am Muslim, that somehow I would have some allegiance to something that is not our Constitution. That's your assumption. That's implicit in the question. And what's interesting to me is that this is not the first time people have asked those kinds of questions. Because, you know who John F. Kennedy is?

• 1:17:26Speaker 00

  This is so good.

• 1:17:28Speaker 07

  All right. Do you know what he was asked as the first possible Catholic president of the United States? What did they ask him? You don't remember? You should read history. Tommy, when he ran for president, he was asked whether or not he was going to have allegiance to the Pope.

• 1:17:46Speaker 00

  This is real. Pause it for a second. I don't think people realize how freaked out people were to have a Catholic president. And like now, people are like, what do you mean? Like, why would we have beef with that? Let that question linger in the background. All right.

• 1:18:01Speaker 07

  And his answer famously was that he was not running to be a Catholic president. He was running to be president and happened to be Catholic.

• 1:18:11Speaker 00

  Oh, he should've let that breathe.

• 1:18:19Speaker 07

  And so, you know, it's important, I think, because you would ask this question

• 1:18:26Speaker 07

  in a way that suggests that somehow our Constitution shouldn't be the thing that all of us bear allegiance to. And I'm just telling you that for me, that Constitution is the guiding light. It guarantees me the right to pray as I choose to pray, or not pray at all.

• 1:18:47Speaker 07

  The right to pray as you choose to pray, or not pray at all. Now, Tommy, I'm gonna ask you about your faith. Are you a man of faith? I am. What faith do you practice? I am Christian. You're a Christian. Do you, no, no, I mean, it's a good question. Look up. Do you live by Christian doctrine? I would say so, yes. Good. And you try as hard as you can to live by Christian doctrine, right? Do you think I have to live by Christian doctrine?

• 1:19:12Speaker 07

  Do you? Do you? It's up to me, right? Why? Why is it up to me? Because we have free will. Right. Free will and also in this country, what else do we have?

• 1:19:22Speaker 07

  What else do we have, Tommy?

• 1:19:25Speaker 07

  No, I mean, you're asking me about my allegiance to the Constitution.

• 1:19:28Speaker 00

  It just reels in step by step.

• 1:19:30Speaker 07

  We have a Constitution. And that Constitution guarantees you the right to live by your faith, and guarantees me the right to do the same. And the reality of it is this, I'm never gonna tell you what faith you can or can't practice. I want to protect your right to practice your faith as you choose, as a Christian man.

• 1:19:54Speaker 07

  Is that it seems like you don't want to protect my right to practice as I should.

• 1:20:03Speaker 07

  Do you disavow any attempt to read any religious doctrine into the laws of our country?

• 1:20:12Speaker 07

  I do not. You don't disavow that?

• 1:20:14Speaker 00

  Got him.

• 1:20:15Speaker 07

  So I think it's you who needs to understand the Constitution, not me.

• 1:20:19Speaker 00

  Masterclass. I mean, absolute masterclass. Now, keep in mind, I want this guy to lose. But, boy, he's not gonna lose on the back of that exchange. That was really, really brutal.

• 1:20:30Speaker 03

  You said the Tommy kid is somebody, right?

• 1:20:31Speaker 04

  Yeah, so the Tommy, that's Tommy, Thomas Teepel. He's a former staffer and operations director for Republican Senator Josh Hawley.

• 1:20:39Speaker 00

  So, well, he, uh, he had his shot at the big leagues, and alas, he certainly fumbled the ball there. So we'll see if Tommy, uh, comes back, but, okay. Here's what anybody, um, that's asking this question needs to put front and center. And, uh, there was an exchange between El-Sayed and a reporter where this came out, and it was one of the, um, times where he uncharacteristically got agitated. And I think it's because the, um, that reporter was actually asking the right questions. Because I, I do think that El-Sayed owes a direct

• 1:21:15Speaker 00

  explanation for the things that he's said in the past about the Muslim Brotherhood and the family connections. And that's why that question keeps getting asked by him. I don't think it's just because people are afraid of a Muslim. This is why I just, I'll keep saying this until the end of time.

• 1:21:33Speaker 00

  If somebody is Muslim, that effectively tells me very little about them. I need to understand what their values are. Because if you've got somebody who is, um, call it a secular Muslim, they wanna see a separation of church and state, they, they're, um, sort of, I don't know that people will like this word, but reformed in terms of they're not, uh, ultra-orthodox, they're not, you know, a strict, um, adherent to what we'll say are some of the harsher passages that people take exception with, and that some of the more, um, orthodox people interpret in ways that lead to violence, et cetera. So you look at the UAE as a very different country than Iran, but both are,

• 1:22:19Speaker 00

  Muslim-majority countries. So they, when somebody says that they're Muslim, it's like, oh, interesting. Now it's a question of what are the values that drive them? Okay, so in 2011, El-Sayed, um, wrote a Huffington Post column urging Washington to back Egypt's revolution, and set aside their fears that that was going to be a Muslim Brotherhood takeover. So already saying, hey, it's not a big deal, that's the side that we should be on. So that's already question mark, question mark, question mark. Like, what do you mean? Why, why shouldn't we be afraid of that? Then in 2012, he signed an open letter, uh, from Morrissey supporters in America backing Morrissey's power grab and calling on him to

• 1:23:01Speaker 00

  purge the media and the police as quickly as possible. So there, you couple that with the fact that there, his half-sister, I don't know if she leaked it or somebody else leaked it, but she, um, had tweeted at one point, I believe it was a tweet, uh, saying that, you know, "I was just talking to my mom about her ties to the Muslim Brotherhood back in the 70s, and respect." So you put all that together, and this is somebody who I think it's worthy of asking them, hey, you being a Muslim, whatever, it doesn't matter. In the same way that it didn't matter that somebody was Catholic, if their allegiance really is to the Constitution, that is what matters, as he very eloquently put.

• 1:23:44Speaker 00

  But now I wanna know from a values perspective, what are you pulling towards? Do you agree that the Muslim Brotherhood is a terrorist organization? Do you think that the West is getting that wrong? If you still stand by, hey, they're good for Egypt, why did Egypt? I think Egypt has declared the Muslim Brotherhood a terrorist organization. So is Egypt getting it wrong? Like, those are questions that are well worth asking, and El-Sayed has dodged them at every turn. I have not seen him do anything other than the politician answer to those questions. Um, so that, I think, is going to continue to be a fair question to ask him. Uh, but it can't come from somebody who's trying to install their own religion into the government. That's pretty disqualifying from where I'm standing.

• 1:24:27Speaker 00

  Because I don't want a Christian who's trying to put Christian doctrine into the government. So from a values perspective, that would also become problematic for me. So, uh, but yeah, for him to act like the only reason to ask those questions is because you are racist, that's the fucking game that's stupid, and people take that exit ramp, and they're so terrified of that accusation that they just stop pushing what is a real and legitimate question. So, uh, it'll be interesting to see if he ever contends with that or not.

• 1:24:55Speaker 03

  I wanna put the word racist to the side, because I think it hurts people too much. Um, people are too emotionally, like, triggered by it. And let's use this term like discrimination, right? Treating somebody different for a specific characteristic. And I think that when we have Muslim candidates step up to the mic and they wanna run for office and things like that, they're automatically framed as, okay, how do I know that they're a good Muslim and not a bad Muslim? Whereas their competing white counterparts can walk up to the mic and start talking, and nobody immediately asks, is this a good Christian or a bad Christian? Is this a good Nazi or a bad Nazi? Is this a good, you know what I mean? There's, there's a lot of questions that they don't have to answer.

• 1:25:31Speaker 00

  I know what you mean, but it isn't accurate.

• 1:25:33Speaker 03

  You know what I mean, but it isn't accurate.

• 1:25:34Speaker 00

  That's correct. So if you, this is why, like, when looking at France, I want to see when two white people are going at each other. This, this is about values. So if you see, bear with me, bear with me.

• 1:25:48Speaker 03

  Yeah, I think we're, okay.

• 1:25:49Speaker 00

  Nope. Uh, by the end of this, I think you'll agree that I do understand your position.

• 1:25:53Speaker 03

  Happy.

• 1:25:53Speaker 00

  So what you're saying is, when somebody who's white steps up to the plate, uh, people aren't gonna say, is this good Christian, bad Christian? Uh, but they are gonna say, is this good politics, bad politics? So they are gonna say, are you left or right? And if you're on the wrong side, if you support Trump, I wanna see you arrested. I wanna see you de-banked. I wanna see you get taken down. That's values collision. Values collision is what people kill for. Now in America, you're not killing people over race. You're killing people over a discrepancy in values. And so, um, I'm really trying to get people to understand, like, values people will murder for. And until people get that, um, mapping, I think they're going to be eternally confused. And this is why it,

• 1:26:38Speaker 00

  while immigration is a part of what's going on in France, it's probably not even the lead story of what's going on in France. Which is why you're going to see a bunch of white people doing their thing. And you're going to see that because they hate the West. And the fact that they hate the West is the problem. And that's a values collision. And so you literally do need to parse, uh, what is this person's value system? And by the way, somehow we've allowed discrimination to become a dirty word. The reality is that we can and should discriminate against a whole host of things, including people, for a whole host of reasons.

• 1:27:17Speaker 00

  Um, I think I'll largely be able to get agreement on this. Uh, if you've got kids, you should be very discriminatory against people with a criminal history of sexual abuse from being around your kids. Discriminate, discriminate. Um, if you're a country, you should have discriminatory borders that say, you're not a citizen, stay the fuck out. There are places where discrimination is the only right answer. And so to try to say that, oh, we're not doing any discrimination, just doesn't describe the facts on the ground in a country where you see people rioting on the streets right now against each other, regardless of race, but aggressively,

• 1:28:00Speaker 00

  whether they're a Trump supporter or, uh, uh, on the left. So...

• 1:28:05Speaker 03

  But I don't think France has anything to do with Trump.

• 1:28:07Speaker 00

  No, I know.

• 1:28:08Speaker 03

  Okay, so there's no rioting and stuff happening in America right now?

• 1:28:11Speaker 00

  Sure? You mean right now, today?

• 1:28:13Speaker 03

  Yeah, you just said right now, today, there's people outside on the streets. I'm like, in Europe there are, but I would compare it...

• 1:28:17Speaker 00

  Let me broaden it out. In this day and age, I mean, it wasn't that many months ago that we had people rioting in Minnesota. It wasn't that long ago that we had people rioting in Los Angeles. So there are plenty, I'm talking 2026. So we've seen plenty of riots over ideology, uh, same race against the same race here in the US and abroad.

• 1:28:40Speaker 03

  Okay, so...

• 1:28:41Speaker 00

  What do you think I'm missing?

• 1:28:42Speaker 03

  Because you're adding a bunch of things that, in this conversation, is becoming bigger than the initial scope that we started in, the initial scope.

• 1:28:48Speaker 00

  You said, you don't look, what was your thing about Christianity or about white people?

• 1:28:53Speaker 03

  No, it was about El-Sayed specifically, having to answer the questions about disavowing the Muslim Brotherhood.

• 1:28:58Speaker 00

  Yep.

• 1:28:58Speaker 03

  Where Mike Rogers was never had to disavow white nationalism, never had to disavow Nick Fuentes, things like that.

• 1:29:02Speaker 00

  Are you kidding? Anybody right now who says that they're a white nationalist, think back to Charlottesville. They're gonna get hammered relentlessly, over and over and over and over and over, about this guy's a white nationalist.

• 1:29:14Speaker 03

  Yes, but they're not being asked to disavow. Every white candidate isn't being asked to disavow white nationalism.

• 1:29:19Speaker 00

  Right, but imagine for a second that you had a candidate who had written in defense of white nationalism in the past, they would get hammered with that.

• 1:29:27Speaker 03

  I would bring to, a Nazi almost won in Florida.

• 1:29:32Speaker 03

  Like

• 1:29:32Speaker 00

  Right, but are you really putting forward that the people on the left weren't like, this guy's a fucking Nazi?

• 1:29:36Speaker 03

  I'm not saying

• 1:29:37Speaker 00

  No, no, no, hold on, just answer that question.

• 1:29:38Speaker 03

  Graham Plathner was in Maine running as a Democrat.

• 1:29:42Speaker 04

  There we go, another one.

• 1:29:43Speaker 03

  Yeah.

• 1:29:44Speaker 00

  What's that?

• 1:29:45Speaker 03

  He was the one with the Nazi tattoo.

• 1:29:46Speaker 00

  So are you saying then, Tom, I would like to prove your point. As long as this motherfucker shares my values, I will ignore every fucking thing. And what did the people on the other side do? This guy has a Nazi tattoo and they wanted to take him to task for it every fucking day. Every fucking question was about what's that tattoo on your chest? Don't ask me to believe that you didn't know about it. Uh, you were being violent with your girlfriends. They were taking him to task over all of it.

• 1:30:11Speaker 04

  Right, but notice how you just went all in on this Democrat who had a Nazi symbol versus the guy in Florida, who is a literal out and about Nazi who almost won and had the recognition of Nick Fuentes and Asmongold.

• 1:30:21Speaker 00

  Dude.

• 1:30:22Speaker 04

  I mean, this is Nazism is on both sides.

• 1:30:24Speaker 00

  You're, what the fuck? I'm not saying that, guys. Make a single argument. The argument is that people are not being held accountable if they're on the Christian side, or if they're on the white side, or whatever the exact specific that you will recognize yourself in. They don't get challenged for that. That is somebody who's living in a bubble that doesn't realize they're getting fucking annihilated for that from the other side.

• 1:30:49Speaker 03

  The thing that you're missing is that you're saying that this is a values collision. And I would give that to you. But the part that is not being spoken about is that your values are assumed based on your demographic, based on how you look, based on how you show up. Because El Said showed up and ran for Senate, his values are not being projected onto him. You're on the left, you're running for president. You must like the Muslim Brotherhood. You must be in a lockstep with Iran. You must be pro Palestinian. All these things are not being projected on top of these people. When a white candidate runs, a lot of those things aren't projected to him. It's just, let's talk about the race, let's talk about your politics, let's talk about those policies. So.

• 1:31:23Speaker 00

  You guys are wrong about that. This is so wild to me.

• 1:31:26Speaker 03

  Okay.

• 1:31:26Speaker 00

  So, uh, let me just keep giving receipts. Uh, so you've got, um, Mamdani, who has stood in support of, uh, refuses to condemn Hamas, um, has stood in support with, um, Palestine. And so there are things that he's tweeted about, things that he said, he's on camera saying absolutely outlandish shit. And so people take him to task for it. What the fuck do you mean about that? Uh, so certainly a reason other than the fact that he's Muslim to ask him those questions. Uh, you guys brought up Graham Plathner. He was getting lit up for the Nazi tattoo and asked about it at every turn from people on the right. So maybe not people on the left because they wanted him to win.

• 1:32:11Speaker 00

  I don't know what Nazi candidate you're talking about, but I will be absolutely shocked if you don't have 18 Kara Swisher videos talking about this guy being a fucking Nazi. Uh, and that whenever you have somebody that has commented on something, uh, take, uh, who's the fucking Hagseth? Same thing, right? This guy is a fucking white nationalist. Get this guy the fuck out of here. There were people talking about he needs to be arrested, like all kinds of shit. So where is it that you guys are seeing that people just get off the hook simply because they're white?

• 1:32:45Speaker 03

  Um, I don't want to have this conversation anymore. I feel like we're talking past each other. Cause we're starting at one point and then you're bringing in antidote evidence of other things.

• 1:32:53Speaker 00

  That sounds so crazy to me. Let me state what I think your position is and then you can tell me where I'm wrong.

• 1:32:58Speaker 03

  Okay.

• 1:32:59Speaker 00

  So the position that I heard you say is, um, and I don't know if you're clocking it to they are brown, which I fucking hate, but let's just say El Said is brown or El Said is Muslim. One of those two things though, is the reason that you're bringing up El Said.

• 1:33:12Speaker 03

  Muslim.

• 1:33:13Speaker 00

  Muslim, perfect. So because El Said is Muslim, now we've got people that are going after him specifically because he's Muslim. And it is a thing that, do you want me to stick to Christians?

• 1:33:24Speaker 03

  You can't trust Muslims because in their Quran it says, "Lie." Um, the Muslim Brotherhood, he's trying to bring Sharia law to America, all these things.

• 1:33:33Speaker 00

  Okay.

• 1:33:33Speaker 03

  Okay.

• 1:33:34Speaker 00

  So now, if you've got, um,

• 1:33:41Speaker 00

  you've got these candidates, so I'll stick with El Said and Mamdani. Both have done and said things in the past that show support for radical sects of Islam. So now, asking them questions about that.

• 1:33:55Speaker 03

  Radical sects of Islam. Radical sects of Islam would be Hamas, October 7th. Radical sects of Islam would be people behind 9/11. Radical sects of Islam would be.

• 1:34:03Speaker 00

  Brotherhood in the case of El Said, but yes.

• 1:34:05Speaker 03

  Okay, people that can marry terrorist sects. I've never heard Mamdani or El Said condemn or stand on the side of Hamas during October 7th. I've never heard Mamdani or El Said do anything about 9/11.

• 1:34:18Speaker 04

  They both condemned it. I was just confirming what you said.

• 1:34:20Speaker 00

  Okay, and have you guys, just so I know, calibrating question. Have you guys seen the things that they've said? Well, let's stick with Mamdani because that's easier. Have you seen the things that he said on camera about the movement? From like back in the day? This is an easy question.

• 1:34:34Speaker 04

  We talk about all the time. No, no, this is important because we talk about all the time not going into someone's past and not taking that as how they are now. And you're doing that exact thing.

• 1:34:44Speaker 00

  What is happening? You guys are putting forward a claim.

• 1:34:47Speaker 03

  Mamdani be pro Palestine, yes.

• 1:34:48Speaker 00

  Okay, have you heard Mamdani, um, talk about 9/11? In ways that people would have a reason to be like, ooh, I don't know how I feel about that. Have you heard his wife be anti-Jewish? These are all things that have happened.

• 1:35:05Speaker 04

  Mamdani has not said bad things about the September 11th attacks. Uh, instead he has repeatedly expressed. I'm reading from the internet.

• 1:35:12Speaker 03

  Listen, let's bring it up.

• 1:35:13Speaker 00

  I'll go pull clip after clip after clip after clip of this stuff. And so you can see why people would bring this up. Now, going, one, have I understood your argument? Cause that was the first question.

• 1:35:27Speaker 03

  Um, you didn't finish because then you just started talking about Mamdani and, um, El Said. But El Said and Mamdani are at their feet. They have to deal with the entire breadth of Islam, the entire religion, even the extreme sects that they disavow regularly. And them simply showing up, they now have to be answering, they have to be responsible for it. The same thing happens every time a crazy black guy stabs a Ukrainian white woman on a bus. Everybody's like, Drew, you see it? What'd you say about that? Now I have to condemn the crazy black dude that happens on the bus. There was a school shooting yesterday that a bunch of kids were died. This, Mike Rogers is not gonna have to disavow school shootings. He's not gonna have to disavow Christian nationalists. He's not gonna have to disavow, uh, the dad who murdered, suicide his whole family.

• 1:36:07Speaker 03

  Like, so there's certain things that the person who's running that's outside of the normal sect has to deal with, that other people do not. And that's the only part I'm trying to say. Now you went to France, you went to, um, uh, nationalism, you went to Nazis. These are all different conversations and they all require their different answers. But when bad thing happens, Islamists, Muslim people, people who practice that faith, they have to deal with every single Muslim that ever happened in the world. When a white person is asked those same questions, he doesn't have to deal with every bad white person, every bad Christian in the world. And that's the, this, that's the, um, imbalance that is happening.

• 1:36:45Speaker 00

  Okay, so, um, do you feel that I'm confused on your point?

• 1:36:49Speaker 03

  Did you just understand the point that I just made?

• 1:36:50Speaker 00

  Yes, and I'll try to restate it one more time to see if I can get you on board that I understand your position.

• 1:36:56Speaker 03

  Mm-hmm.

• 1:36:58Speaker 00

  Muslims have to deal with the entire, uh, religion in a way that, and I don't know if you want me to say Christian, people don't. The majority sect, I forget the word, the exact word that you used.

• 1:37:13Speaker 03

  I would just say they have to deal with other things that the majority does not have to deal with.

• 1:37:17Speaker 00

  Okay, that the majority doesn't have to deal with. Uh, first of all, that's a fascinating twist to put on this because the majority is always going to be like that. Which is exactly why a Catholic president is gonna have to answer questions about Catholicism in the way that somebody who's a part of the majority is not going to have to. Uh, that's a school of fish problem more than I think anything else. So if your only beef is that there's a reality to be faced that, uh, when you're the new kid on the block and people don't know about you, they're gonna ask you questions, they might not ask somebody else, sure. Is that the sum total of what you're saying? I don't think that's what Ryan's saying, but it's possible. Is that all you're saying?

• 1:37:57Speaker 03

  Just for me specifically, there's certain things that we're asking El Said that we never asked Mike Rogers.

• 1:38:02Speaker 00

  Yeah, but now if you go back to the individual person, we're back to what I was talking about, which is El Said has given reasons for these questions to be asked. Do you agree that I posted receipts on that? Or you're like, no, no, no, there's no reason based on that, that he should be asked those questions.

• 1:38:16Speaker 03

  I think there's a larger thing happening right now because even as, because as you're saying these things and you're giving articulate points.

• 1:38:23Speaker 00

  I'll let you go to that, but first, do you feel like I understand your position?

• 1:38:26Speaker 03

  Yes.

• 1:38:27Speaker 00

  Okay, so when I say something else, it isn't that I'm confused, you agree, it's because I disagree.

• 1:38:33Speaker 03

  It's because, but that goes back to our, if I give you an antidote, a one-off antidote, does that, this, that doesn't mean my.

• 1:38:40Speaker 00

  That's fine, we can keep disagreeing. I just want to make sure that you understand when the words are coming out of my mouth, it is not because I'm confused.

• 1:38:45Speaker 03

  Copy, you're not confused.

• 1:38:46Speaker 00

  And if you're like, this guy's a fucking idiot, that's perfectly fine, as long as you're not going, God, he just really doesn't.

• 1:38:51Speaker 03

  You're not confused, you get what I'm saying.

• 1:38:52Speaker 00

  Perfect. Okay, now you're about to say something?

• 1:38:54Speaker 03

  Uh-uh, we can move on.

• 1:38:56Speaker 00

  We can move on, says the producer, because I feel like there's still something to talk about here.

• 1:39:01Speaker 03

  No, no, no, you were making a point. I was fracturing right there. So back to the original point you were trying to make.

• 1:39:05Speaker 00

  The, I will grant you that it's inevitable that when you've got something new, like the Catholicism thing, that there's going to be more people getting up in arms, emotional, they're scared, it's different, it's change, there's no doubt, I'm sure that there's going to be an over-indexing on socialism, communism, Muslim. All of that stuff is going to get disproportionate, like juice out of people because they're not used to it, they don't understand it. The point that I'm trying to make is the counter-argument that you guys were putting forward, and yours may be a little bit different than Ryan's, and so it's important to tease those out. You may just be confining it to, this is about new minorities versus the majority. Cool, there's always going to be a difference.

• 1:39:50Speaker 00

  Now, the second that you bring up El Said specifically, then I go back to the specifics of, he gives reason for people to question that. Same thing with Mamdani. Now, also answering those questions doesn't seem like it should get people to be freaking out. So first of all, El Said handled himself like a ninja with that kid, used it to his advantage, absolutely breathtaking. Now, I would like to see him contend with the real version of that argument, which there was a reporter that confronted him on it, and he did get very politician, a bit agitated. And so it certainly, that I don't think did him any favors, and I think that he should sit down and talk about

• 1:40:29Speaker 00

  the letter that he wrote, I think he should talk about why he signed on board with the letter that he signed on board, like, what's that about? What does he think about his mother's involvement with the Muslim Brotherhood? Were they different back then? And so this is like, listen, guys, yes, my mother was a revolutionary back then, this is why I think it was the right answer, or why, no, I think my sister's crazy to respect my mom for that, I've always had a problem with my mom being involved, whatever, just give the answer. I think that that's very worthwhile. So now going to the other people aren't asked these questions when it pops up, and if this is not an accurate representation of what you were saying, fair enough, and Ryan also, if you don't recognize yourself here, fair enough.

• 1:41:10Speaker 00

  But what I was responding to in trying to bring up France and bring up Trump is that people are immediately held to task for their association with things. No matter how white they are, no matter how American they are, they're French versus French. They're all going to be taken to task when somebody has reason to suspect that you're on the other team. And ultimately, because I think that is what you're clocking as minority majority, I think it is the exact same problem, which is why I was going to France and I'm talking about other people here in the US. I'm saying, this is simply, are you on my team or not?

• 1:41:48Speaker 00

  And if you're not on my team, I got questions. Now, it's supercharged by, you're not on my team, I don't know your team, your team is small, it's new, fuck, you're different, are you like doubly problematic? There's no doubt that that exists. But it's the same problem, which is, I need to know if you're on my fucking team or not. And if you're not on my team, I'm going to try to hurt you, I'm going to try to take you to task for this, meaning hurt you politically, I'm going to try to call you out, all of that. And that, once you're in that mode, everybody's trying to call everybody out. And so that's where I go, because I clock this as the same problem, though I understand you're trying to focus on a subset of that.

• 1:42:29Speaker 00

  To me, it's the same problem, you're going to see it everywhere, and this goes back to what we were talking about earlier. The second something that is happening on both sides, people are like, this is only a one-sided thing, then I'm like, okay, this, this is a fundamental, fundamental mismapping of what's actually happening. Period.

• 1:42:46Speaker 03

  Heard, received, I heard you. What I'm hearing from you is that this is not a one-off problem with El Said, it's because he has ties in his past that make that question relevant, and aside from El Said, this is a school of fish problem where out-group is always going to be questioned more than in-group with.

• 1:43:02Speaker 00

  Close enough.

• 1:43:04Speaker 03

  Almost there, almost had a chat.

• 1:43:06Speaker 00

  Now I don't think it would be worth it, but I think, yes, you, you understand me well enough that I don't feel that we're talking past each other at all.

• 1:43:12Speaker 03

  Okay, we have to jump over to Trump, who had a lot to words to say about Europe, and on the back of that, his deal with Russia.

• 1:43:21Speaker 07

  Stand with Europe, despite its flaws, its weaknesses, and hopefully, and it's going to be temporary what's going on there, because I watched that and I just am amazed, I could see it coming, I could see it coming 10 years ago, it was happening, but if they don't soon find their way, and they have to find their way, we will have no choice but to leave, to leave. We will have no choice, it's a very serious situation, we're not letting it happen here. When we asked for

• 1:43:57Speaker 07

  when we asked for help in Iran, help which we didn't need, we didn't need, but I wanted to, I was testing. I wanted to find out, listen, would you help? Because we spend so much money in NATO, etc. So we asked for help that we didn't need, I wanted to see, they weren't there to help, they said, it's just something that we can never really forget, you know, we spend hundreds of billions of dollars a year on NATO protecting them, but when we said, would you like to help? No, thank you. Oh, no thank you, what does that mean, no thank you?

• 1:44:33Speaker 00

  Yeah, I mean, listen, we certainly get the gist, I'm sure it's just going to be more and more, but yeah, we are watching alliances be liquefied is the word that comes to mind, they're becoming loose again. It doesn't mean that we won't re-solidify, especially once Trump is out of office, but it's calling things into question that historically we've been able to count on. It would be a very sad day if we lose our alliances with Europe. I think that they're, they are in a lot of distress right now. They're in economic distress in a big way, they obviously have a migration crisis, so there are very real things to face now.

• 1:45:14Speaker 00

  Would I advise Trump to talk the way that he talks? No, I would advise him to talk like Rubio talks, which is always trying to find common ground. This is something I teach entrepreneurs a lot, which is, okay, listen, you need to make sure that whether it's the person you're negotiating with, the employees on your team, they need to understand where they fit in the story. What do I mean to this company? Or if I do this deal, like, this is an easy way to think about it. If you're negotiating with somebody, what are they supposed to go home and tell their wife? Are they supposed to go home and tell their wife that you ran them over and took advantage of them? That's not a good story, they're not going to want to do that deal. So you want to find a way for them to be connected to it, to want it to win, to see how this is great for them.

• 1:45:58Speaker 00

  And Rubio is unbelievable at that. So when he went to Europe to talk about the problems that we had, he did not chastise Europe, he built them up. And was like, you guys are incredible, we owe so much of our culture to you guys, there are so many just amazing things that we got from you, it was very similar to what he did in Greece.

• 1:46:17Speaker 00

  And here's where we would like to see us all go together, here are the opportunities that are before us. And that reminds me, Drew, of what you were saying at the beginning, maybe I'm the only person that is trying to find my moral center and live by that. Rubio is trying to find that core of who we are and where we're going and make it something beautiful and positive that we can move towards. It may not be super popular in this moment, but I think it's very meaningful. So yeah, the way that Trump talks about this stuff is reckless, it dials up the heat, it is, even if it's true that they didn't come to our aid when we needed them, the way that he talks about it will serve only to make things worse. That's the hard truth.

• 1:46:59Speaker 03

  On the back of that speech, Trump also had some news out of Russia where Stephen Hubbard, prisoner for the last four years, was just free. This is a tweet from Trump. Stephen Hubbard, taken four years ago by Russia during the Biden administration, was just released from prison at the request of President Donald J. Trump, made directly to President Vladimir Putin in a telephone conversation last week. Stephen is on his way back home and will be soon be with his family. The United States, out of respect for President Trump, was not required to give anything in return, an unprecedented situation for Russia. There was no swap necessary for this release, this major return should not, should have taken place long ago through the Biden administration, which got nowhere in its negotiation with the Kremlin. Stephen is on his way back home, welcome home, Stephen, it's great to have you back, stated President Trump.

• 1:47:41Speaker 00

  The big question is, we're not giving anything after the fact, but did we give something before the fact? So Stephen Hubbard, 74-year-old guy, retired teacher from Michigan, who taught English in Japan for 25 years, and then ultimately moved to Ukraine in 2014, was accused of having signed a contract with Ukraine to fight against the Russians. Russian soldiers grabbed him there in April of 22. Two and a half years later, Moscow court tried him, behind closed doors, of course, called him a mercenary, sentenced him to six years and 10 months in a penal colony. Sounds like a lot of fun. And then the State Department, of course, saying, "Look, this is all wrongful. He never should have been detained in the first place." Now, I think Trump's actually said this out loud,

• 1:48:26Speaker 00

  that basically, "We got him back because I removed the sanctions." Forgive me if that's not accurate, but at a headline level, I'm almost certain that is true. And that becomes the bigger question. How much are we doing for Russia? That Russia's like, "Wow, this is great. I hope this keeps going." And so is likely to give us something back. So it is both true that we're not going to have to do anything for this release, and misleading because we preemptively did something that made Putin decide that, "Ooh, I want to keep this relationship with Trump going." Now, I'm of the opinion, though I have no information, that, you know, it's a secret or anything like that, but I'm of the opinion that Putin is leveraging his KGB

• 1:49:09Speaker 00

  mind skills to basically keep Trump in a place where he wants to be cooperative, and will eject out of any deal that doesn't work for Putin, even if that means that he completely destroys his relationship with Trump or the next president. I think he does what's in his best interest at all times, and almost certainly is not the negotiating partner that Trump wants to believe that he is. That's just my read on the situation. We'll see what ends up being true. It's awesome that we've got Hubbard back. So certainly very happy to see that. I want to see every hostage release that we can get. But if this really only came on the back of him removing sanctions off of Russian diesel,

• 1:49:53Speaker 00

  and they're going to be using that money not to lower the prices worldwide, which it seems like just mathematically won't have a very big impact, but certainly will put pressure on Zelensky to come to the table to negotiate. So again, I don't have any secret information, but when I map this as Trump going, "Okay, well, I wasn't able to get Putin to do what I wanted him to do," which was his whole thing about coming in, "I'm going to be able to get this deal done before my first day in office." Obviously, that didn't happen. And so now I think he's like, "Well, fuck it. I'll just put pressure on Zelensky." And so Zelensky is now starting to piss me off, and I want to do things that are going to make him far more likely to come and negotiate a settlement, even if it's not in his best interest.

• 1:50:38Speaker 00

  That's what it feels like. All the behavior makes sense when I map it that way. He's trying to put a little bit money back in Putin's pocket so that Zelensky's like, "Uh-oh, this guy's going to be able to fight harder against me just because he's going to have access to more capital. That's not good for me. Oh, suddenly Starlink has been turned off. I'm trying to get Starshield back up and running, but don't know where my access lies with that." Now supposedly, Zelensky and Rubio had a great talk, and Zelensky himself said that that was a very productive meeting, so we'll see if anything comes of it. Any sort of black and white telling of this story is probably missing something very important. But that's how I'm mapping this. I don't love the way that Trump is handling this because it does seem like we are now, instead of being in the middle and saying, "All right, you two need to figure it the fuck out,"

• 1:51:24Speaker 00

  and being that disinterested third party that's going to negotiate peace, we are trying to apply pressure, one side or the other, and right now, that appears to be on the Russian side. So take for that what you will.

• 1:51:37Speaker 03

  I don't know. If I'm hearing you correctly, it's kind of framed as maybe Trump did this to get back at Zelensky?

• 1:51:43Speaker 00

  Trump is... I don't think he's doing it to get back at Zelensky. I think he's doing it because he's like, "Well, I'm not going to be able to get what I want from Putin." I think he looks at Zelensky as being in a weaker position, and I think that Trump, like a dog that is trained to fight, can sense that weakness in him, and is like, "Cool, I'm going to go after that guy because I can get from him what I want." I think it is purely mercenary. And that if all of a sudden, Zelensky became the better option, I think he would flip-flop and instantly be on Zelensky's side. And so, again, I don't know that this is true, but it does seem, in keeping with Trump's personality, that he likes a strong man. And so when he looks at Putin, he sees like, "Yeah, this fucking guy like came up from being a KGB agent, wrestled the mobs and the oligarchs and got them to heel,

• 1:52:28Speaker 00

  and now he fucking runs this country with iron fist. I fucking respect that." So with that read, it's like, "All right, cool. I'm going to get a couple of things from my man Putin." It probably feels to him like, "Look, look at me. I'm able to stand toe-to-toe with these other world leaders." And I don't think that's a Putin thing. I think every world leader wants to stand toe-to-toe with the biggest and the baddest. And it's part of what makes him psychotic enough to want that job in the first place. So, but nonetheless, I think that he wants to stand toe-to-toe with Putin. I think that he probably looks at Zelensky as being certainly in a weaker position, even if not a weaker person, but the way that he treated him in the White House makes me think that he does think he's a weaker person. So it's not getting back at him.

• 1:53:12Speaker 00

  It's more like a character defect coming out in real time, and him just trying to get to the finish line that he wants, which is to end the war, which obviously is noble and all of us should want it, but also, you know, maybe a little Nobel Peace Prize, maybe a win before the midterms. See, I pulled this off. Yeah, so I don't think it's clean.

• 1:53:36Speaker 03

  Do you... What do you speculate will happen in like, now till the end of the year with Russia and Ukraine?

• 1:53:42Speaker 00

  Whoa.

• 1:53:44Speaker 00

  My honest answer is I think this is going to drag out for a long time. I think the winter is the only thing that might force, if Russia's able to knock off enough energy offline in Ukraine, and you get people dying en masse because they're freezing to death, that could push something forward. I think Putin is certainly making a push for that. But I think at the same time, you'll get the Ukrainians doing the same thing to the Russians. Not like winter's easy in Russia either. So I think you're going to see that, but I expect this to drag on. I don't see anything that brings an end to this in the near future.

• 1:54:16Speaker 03

  Nice. We shall see. All right. WNBA has some updates. "And is cancer freedom..." I'm gonna hold my "And is cancer slander" because this NBA season just started, and I'm gonna be positive this basketball season.

• 1:54:30Speaker 00

  Is he still playing?

• 1:54:31Speaker 03

  No, he's terrible. "Ladies and gentlemen of America, the moment you've been waiting for, the WNBA has officially responded. Is the WNBA transphobic? Apparently, WNBA still can't define what a woman is, but they absolutely certainly know that what a man is. How convenient. WNBA Commissioner Kathy Engelbert has declared that I am a man. Who gave her the authority to decide who I am? Who gets to define my identity? How can the WNBA determine who is a man without explaining what qualifies someone as a woman? Is WNBA denying people the right to define their own gender identity? You can't have it both ways. America, read this letter for yourself. WNBA has some explaining to do."

• 1:55:04Speaker 00

  All right, the letter is very bizarre, and it's only in like the last sentence where it's like, "Oh, and you asked about those two people, and they're both men." So I gave you the TLDR.

• 1:55:13Speaker 03

  Yeah, I don't think we need to.

• 1:55:14Speaker 00

  No, no. So the real question here is, is this going to go to court? Because reading between the lines, what the WNBA is saying is, "These guys are obviously trolling us, and we don't let trolls in." I do think, though, they would be in a very sticky situation if you had a very sincere trans athlete that wanted to join the league. And I think this whole argument would start completely from scratch. So I don't think that they've come to the conclusion that, "Oh, we know what a man is." I think they've come to the conclusion that they know what a troll is, and they realize that these guys identify as men, and they don't identify as women. So I don't think we've gotten through any of this sort of woke madness here. This is entirely the WNBA saying, "Yeah, we're not going to succumb to trolls." So if they take this to court, though,

• 1:55:57Speaker 00

  now the WNBA is going to have a very hard time making their case because at that point, they are going to have to pin down exactly what it is that they're doing, and I don't think that they'll be able to say that they're not being sincere. And so at a minimum, they'd have to start putting policies like you'd have to be taking exogenous hormones or having lived full-time as a woman or something to start defining their point. So it'll be interesting to see if this goes anywhere. I still can't believe this is a thing, but as I've said before, this comes down to categorization, watching people parse the world in a way that is just so detached from reality that this isn't going to go away anytime soon until we have final answers about this.

• 1:56:41Speaker 00

  But yeah, I don't know if these guys are going to push it forward, but certainly his response leaves that door open.

• 1:56:47Speaker 03

  Two weeks away from the midterms. This is your daily reminder that the trans population is 1% of the US. The amount of women, of men, playing in women's sport at a professional level is one. There was one professional WNBA player or women's basketball player, and she's 33 and she plays in France. She's never coming to the WNBA. This is not an issue. This is "And is cancer wanting freedom because he can't hit his jump shot."

• 1:57:10Speaker 00

  That's one take. I you're gonna see this keep coming up because again, this has to do about categorization, discrimination. It's in the way that we were talking about earlier, positive discrimination. There are so many things tied up in this that it is an idea that grabs people's brains and won't let go. So expect more. There's actually another WNBA story, by the way. So they're walking out on the national anthem. Do you know about this?

• 1:57:35Speaker 03

  Yes, this is also like a nothing burger. So pre ritual basketball, football, whatever like that, you know, you have the clock that runs out before the start of the game. The national anthem is around 10 minutes before the game. At the 10 minute point, that's when all the players do their huddle. So Atlanta Dream, Golden State Valkyrie, they haven't been on the court at all the entire season during the national anthem.

• 1:57:55Speaker 00

  Did they do it before, though?

• 1:57:57Speaker 03

  They haven't. It hasn't been done since 2017. That's when they that's when they took it back. Yeah. Cause 2017 was the Breonna Taylor, I think. No, that was a Charlottesville protest that the WNBA did.

• 1:58:06Speaker 00

  So is it a protest or is it literally just coincidental that they're not on the court?

• 1:58:10Speaker 03

  Once they started it, it became a protest. That's what altered the rules. And since then, it just became, we don't have to be outside for the anthem. So let's not go outside.

• 1:58:17Speaker 00

  Interesting.

• 1:58:17Speaker 03

  So they come up, do their warmups to go in a locker room.

• 1:58:20Speaker 00

  Did something happen to make this pop back off?

• 1:58:24Speaker 03

  And it's freedom is saying that the WNBA is problematic and look how big they are.

• 1:58:27Speaker 00

  Brought him back in.

• 1:58:28Speaker 03

  They also don't do the national anthem and they let trans people in. They don't, but they keep saying that. And if you're a dude, you could play in the WNBA and they're not standing for the anthem. Hey, look, guys. Gas prices is going up. Your health insurance bill just came due. Iran war is still popping off. That was supposed to be two weeks. We're at month seven. But the WNBA doesn't stand for national anthem. And that's the issue we need to talk about right now today.

• 1:58:50Speaker 00

  Do you think this is used just like distraction?

• 1:58:52Speaker 03

  Yes, absolutely.

• 1:58:53Speaker 00

  That's interesting. I don't think.

• 1:58:54Speaker 03

  Fox News is tweeting this.

• 1:58:56Speaker 00

  Well, so why they would bring it back up now, that I don't know, but it is. Okay, so it's two weeks before you're trying to beat up your base. You're trying to whip them into a frenzy. Yeah, I can see that.

• 1:59:07Speaker 03

  Yeah.

• 1:59:07Speaker 00

  Just trying to remind them of all the things. Fair. It's reasonable.

• 1:59:11Speaker 03

  Only thing we're missing now is the a black man needs to get shot. So the Democrats can run with that. They already have the.

• 1:59:17Speaker 00

  Not clip that out of context.

• 1:59:18Speaker 03

  They already have the sexual assault case that shows that that white men are predators. We need a migrant. Oh yeah. They just announced a migrant coming from Mexico, the migrant caravan. That comes twice. That comes every two years.

• 1:59:32Speaker 00

  They shot their shot way too early on that one. That was meant to be something. But that was never going to be anything because they Mexico defused that whole thing.

• 1:59:41Speaker 00

  Anyway, yes, I take your point.

• 1:59:42Speaker 03

  So this is one of those things around. Yeah. October surprises one way or another.

• 1:59:47Speaker 00

  These are lame. October surprises. That's what this is meant to be.

• 1:59:50Speaker 03

  The big one was Ramaswamy. He had his mom. Your mom crazy. It's wild. Okay, we got gang of super chats. Let's jump into those.

• 1:59:58Speaker 04

  10 to go through, so buckle in.

• 1:59:59Speaker 00

  Let's go. Thank you, guys.

• 2:00:01Speaker 03

  Thank you, audience. For 10 super chats. We appreciate it. Thank you for the love.

• 2:00:05Speaker 04

  Marusha Dark has two, so I'll just say upfront, thanks for the 40, Marusha. First, if austerity was the only way to save the republic, how would you practically incredibly sell it to the average person who's likely filled with envy at the moment, looking at gas prices, burritos, K curve, Elon, AI displacement, et cetera?

• 2:00:19Speaker 00

  You literally will not be able to sell it to the populace until there is enough pain in the system where people are like, okay, fine, fuck it. I'll do it. But it will look like Argentina. It will look like riots on the streets, people freaking out, but the person managing to eke out a victory to get into office. And then they start doing it. Same thing with Thatcher. You had all kinds of protests and walkouts and it it will be mayhem when we try to do austerity, but it will come whether we do it voluntarily or we do it because the debt is eating us alive. It will come. So yeah, the only way is you sell it to the people that are on board with it. You're not going to be able to convince the other people and it will look like 2020. There will be cities burning.

• 2:01:03Speaker 00

  People will be freaking the fuck out. It's just real.

• 2:01:06Speaker 03

  Next up from Marusha Dark.

• 2:01:07Speaker 00

  Actually, wait one second. Let me be a little bit indulgent because I just had a thought. Your only hope, if you really like, oh God, this is so dark, but it might actually work. Fuck over old people.

• 2:01:21Speaker 00

  They're not going to riot. So if you just go, all right, social security, sorry, kids. Can't retire. I'll tell you 96. You start doing something like that. This is terrible. And I feel bad saying it with a laugh, but.

• 2:01:34Speaker 03

  There's gonna be so many letters written. There's gonna be so many phone calls on rotary devices.

• 2:01:39Speaker 00

  They vote. That's the problem. So you have to contend with that. But they don't burn shit. So it's like they're like, you know, going out there in the wheelchairs is not going to happen. So, oh God. Yeah, but that would be about the only way that you could get austerity rolling without as many things burning. But yeah, you'd have to go across the board. The other thing, obviously, you're gonna have to raise taxes. You're gonna have to forgive some debt. So it's like, if you do a bunch of other things with it, I think that would soften the blow. I'll stop there, but there there are more things.

• 2:02:11Speaker 03

  One thing, and I know I'm going over. Sorry, everybody. But we have to touch social security. We have to touch Medicaid, Medicare. That's how we get into the black.

• 2:02:18Speaker 00

  Yeah. Oh, God, can I throw out another horrible one really fast?

• 2:02:22Speaker 00

  If you're unhealthy and obese, you gotta pay more for your healthcare. Sorry.

• 2:02:26Speaker 03

  Cause where I was going with is like, social security and Medicare are getting taken out of my check. So you're already taking money from me and it might not be called a tax, but it's part of the taxes. But it's not enough that we're still not solvent. So it's one of those things where it's like, are they going to have to take more? Are we going to have to cut it out? And if you cut it out tomorrow, the 40 years I just paid into it, do I get that back? Like, you know what I mean? So there that conversation, I think, is a bit more nuanced than we think about. It's not just no more social security. It's like, well, wait, I've been paying social security since I was 13. What do you mean? No more social security?

• 2:02:55Speaker 00

  Yeah, that it'll never be no more social security, but it'll be retirement age moves. You get less payout. They might try to do something with inflation to eat some of that. Yeah. So all that's real, but it would have to be part of a bigger package. Otherwise, if if people feel like, wait, the average Joe is getting clobbered, but you're not doing anything to the billionaires. Like there would have to be something where everybody's suffering up and down the stack. Otherwise, no way.

• 2:03:22Speaker 04

  Next up from Marusha Dark. I and others sent a bunch of stuff in the Discord reacts channel that Tom might want to look at. Deep dive on the UN and NGOs pushing socialism and mass migration, Chinese electric vehicles, phones exploding, Al-Sayed, et cetera.

• 2:03:36Speaker 00

  Ooh, that's really good. We should do Ryan Drew. Let's get Atlas to start reaching into Discord if it can and pulling that stuff and saying, here's what the community says. That'd be really useful. Really useful. Thank you, guys.

• 2:03:51Speaker 03

  The thing he dropped in was a James Will Keefe thing that we covered. So we ended up covering it.

• 2:03:54Speaker 00

  Nice. But yeah, keep that stuff coming. That's huge. Very, very helpful.

• 2:03:58Speaker 04

  Big digglers with 20 says, free will queue. 100% agree. We're having a biological experience, but if our biology can support quantum entanglement and superposition, could our ability to collapse probabilities through it be a pass through for some degree of free will?

• 2:04:11Speaker 00

  No. No, and it's the answer is so obvious in the question. And okay, now that I've gotten to know Big Digglers, I will tell you, this kid is analytical deeply. So Big Digglers, so think through what free will is. It is the ability to transcend outside forces to make a decision, yes or no. We are unable to transcend outside forces, even if that outside force is quantum randomness. It is still not a thing that we control. I I don't see, okay, there's obviously something about the universe that no, none of us understand. So accepting that.

• 2:04:51Speaker 00

  Somebody, somewhere may transcend biology and time and all of that, which is often referred to as God or the universe or whatever. And so I fully accept I'm blind to something because there's something instead of nothing and I cannot even remotely begin to explain that.

• 2:05:10Speaker 00

  But once you go, okay, well, there might be something sitting outside of this, but the thing that we're in is a deterministic universe that uses RNG. I get it. As a game developer, trust me, I get it. I get how there's RNG in the system. But that doesn't mean that the characters don't act in a perfectly predictable way. Once you understand how the RNG works, then it's like this is literally deterministic. And so, yeah, that is where I just go quantum randomness, quantum entanglement, pass through, all of that is still not free will. It might be, oh shit, there's a thing that we don't understand and this is really bizarre and how weird and it's not at all what we think it is. It just isn't free will.

• 2:05:55Speaker 00

  Period.

• 2:05:57Speaker 04

  Native of the South, and this question might blow some people's mind. I need to go to work, but I just wanted to show support and ask, what's in everyone's mug? We're revealing the secrets.

• 2:06:07Speaker 00

  Yeah, I think as you would expect, mine is straight vodka.

• 2:06:10Speaker 03

  Still my answer. Mine's whiskey.

• 2:06:13Speaker 00

  No, it's just for me. It's just flat water. Still water.

• 2:06:17Speaker 03

  Do you like sparkling water?

• 2:06:18Speaker 00

  Do we do this off camera? I guess you'd never really see me pour. We got nice little generic bottles of water. That's it.

• 2:06:23Speaker 03

  Yeah, we do do it off camera, I think. Do you do sparkling? Yeah, you do sparkling.

• 2:06:25Speaker 00

  I do sparkling water if I'm not about to be on camera because it makes you burp. And so dude, when you go on a podcast and somebody's like, would you like sparkling or still? I'm like, is this your first day filming? Like you can't give somebody sparkling water. So yeah, no, always still. But in off camera life, I'm 100% sparkling.

• 2:06:42Speaker 04

  Don't drink coffee?

• 2:06:43Speaker 00

  Yes, I do drink coffee. For a long time, I put sparkling water in my coffee. To give you an idea, but that is pretty nasty. Don't do it. I did that for years. The only reason I stopped was I discovered Italian style coffee. I shake that shit for like two minutes. It's just a big mouth of foam. It's amazing. Over ice? Oh, God. So good. Shout out to the Italians.

• 2:07:06Speaker 04

  I don't know how to say this first part, but A E O N Games C A says, Tom, big fan and fellow game dev here. Though a solo one from Canada. My social deduction game, horror game, Deep Frost has a free demo in Steam Next Fest this week.

• 2:07:20Speaker 00

  Oh shit, congrats, man. Steam Next Fest is big. This is your coming out party. Let's go.

• 2:07:26Speaker 04

  And he says, think the thing, but you vote on who to purge.

• 2:07:29Speaker 00

  I gotta support this. I gotta support this. Uh, will you send me a Slack message to download Deep Frost? Bro, I will get in. I will check this out. Uh, it's a social deduction horror game. It's not my kind of game, but nonetheless, I want to support. So count me in. I'll check it out.

• 2:07:45Speaker 04

  Congrats. That's a big deal. Uh, Silent Knight says, corporate bailouts imply that a failed or corrupt company is an asset and the workers at risk from that failure are liabilities. Maybe we need to go back to seeing the middle class as our most valuable asset.

• 2:07:58Speaker 00

  We definitely need to go back to seeing the middle class as our most valuable asset. I don't understand how people cannot get that through their thick fucking skulls. Yes, that is true, but corporate bailouts imply that a failed or corrupt company is an asset. No, it's not quite true. What they see it well. If you understand that what they're really calling the asset is the stability of the economy, yes. They're trying to make sure that people are employed because there can be such a huge knock on effect. Also, how important is that company to the structure of the financial world? That's a very big part of this. So like banks are going to get bailouts because they're so systemically important. Insurance companies, same idea. So there are types of companies that they're far more likely to bail out than other companies.

• 2:08:40Speaker 00

  But yes, it's really about jobs and a stable economy. That's really what they're bailing out.

• 2:08:47Speaker 04

  Oh, I gotta bring the nerd voice back for this one because it's for me. Rue Herod says, Ryan, you are incredibly lucky to have the very patient boss you do. Employing people is increasingly harder, especially with woke and socialist agendas. Like you, reality is that AI is being created by bosses to replace and make employment easier.

• 2:09:06Speaker 00

  Yeah, I, uh, I, you're never going to get a good response from that. So I'll say, um, one, Ryan is dope and I'm super stoked to have him on the team. We obviously don't share political views, but he is absolutely lovely and very talented.

• 2:09:24Speaker 00

  And then I will say though, he is right about employment is a bigger and bigger risk. It doesn't mean anybody owes me, uh, anything for that, but that does suck. I will say that.

• 2:09:36Speaker 03

  And in Ryan's offense, Ryan is dope at what he does. Um, his policies sometimes are unformed, no disrespect. But Ryan knows how to do what he needs to do. So I think a lot of times you guys get too caught up in the, this is my friend and we're doing everything the right, but they're not competent. So stop working with incompetent people.

• 2:09:51Speaker 00

  A and B, can we also say, and I don't know that Ryan will agree with this. You will have to ask him one day when I'm not here, but off camera, we don't talk about politics and so it's a completely frictionless relationship where we're geeking out over movies or games or whatever. I don't understand people that can't have relationships with people that have different politics than they do. Um, my sister is one of my dearest friends. I love her to absolutely fucking death and spend time with her every week. We are just like polar opposites politically. So we just don't talk about politics and we have an absolutely glorious time together. So that's how you find your way back to the middle. P S.

• 2:10:31Speaker 04

  Also, I think people seem to think I was hired to be on the show. I was hired to be an editor chat. I chose to come beyond the show. Like that wasn't a forced thing.

• 2:10:39Speaker 00

  And by the way, this is a small part of what he does. He's off being a dope editor most of the time. So anyway, I also think you're a wonderful addition to the show. So.

• 2:10:47Speaker 04

  Well, and I think y'all are dope too. I love you guys.

• 2:10:50Speaker 04

  Big digglers says speculate Drew and Ryan's, uh, I speculate that Drew and Ryan's indignation comes at least in part from the wound of doubt against their core beliefs. Suggested concept nationalism is key here. Always bad and then parentheses rage at strange versus good and bad aspects, love of one's own.

• 2:11:10Speaker 00

  I can't tell if the second half of that was an indictment against what you guys think, because, uh, I don't recognize you guys in that. Also, no, they, oh no, that's a different one.

• 2:11:21Speaker 04

  I don't think Drew and I's, I don't know if I'd even use indignation, comes from a pushing against our core beliefs. I mean, everyone has their core beliefs, but that's not like, if you're attacking someone because

• 2:11:34Speaker 04

  you know, they go against your core beliefs, that's not really, I don't think me and Drew do that is what I'm getting at, but.

• 2:11:38Speaker 03

  I, I think my thing comes down to my core beliefs often aren't even touched on this show. Because I am very, I'm parent, I'm the son of an immigrant. My family's very Christian. Like, so I grew up in a very different upbringing than what people project onto me. Which is why I think it's funny because people look at me and they think they know how I'm going to think. They think I know what side of an issue I'm going to be on. So half the time, there's 25% of me that wants the show to do good. So I say what the show needs necessary in that moment. And then 75% of the time I'm reiterating what people say back to themselves. And they think it's like, yeah, yeah, yeah, you, because you get it, you get it. We have to kill all the Muslims, right Drew? Yeah, yeah, Drew gets it. And it's just like, do you hear this? Okay. So, and then that's cool. Okay, cool.

• 2:12:20Speaker 03

  And so it's like, I don't even contribute to the conversation. I just kind of keep this, the like flywheel going. But yeah.

• 2:12:26Speaker 00

  You got a rye shit out of Drew. I'll just tell you that right now. Drew is not the easiest man to get to know. Neither am I, I'm sure off camera, but, uh, yeah.

• 2:12:34Speaker 04

  I think we're all pretty.

• 2:12:35Speaker 00

  Drew is close to the best.

• 2:12:37Speaker 04

  Quiet and to ourselves.

• 2:12:37Speaker 00

  Yeah, which is interesting because you would think we talk so much on camera. When we rap, it's so funny. We scatter to our different corners and speak almost not a word. It is hilarious.

• 2:12:50Speaker 04

  Big donation coming from George Sullivan with $50. Thank you, George.

• 2:12:55Speaker 03

  $50 super chat.

• 2:12:56Speaker 00

  Much appreciated.

• 2:12:57Speaker 04

  George Sullivan says, Tom, Drew and Ryan, thank you for doing the work America needs. Keep showing us how to have these conversations. Please continue to assume positive intent from each other. Also know the impact you're having, even if you don't see it. Starfish story.

• 2:13:09Speaker 00

  Yo, I love that. Thank you, man. That, those kinds of things really, really, really, really mean a lot. I appreciate it.

• 2:13:15Speaker 03

  My favorite part is the assuming, assume positive intent. And I think that's something that's very easy to overlook in like political discourse conversations. Like you just want to kill America. You don't understand. It's just like, I'm here too. I live here. I have family here. I have houses. Like I have stuff here too. Like I'm just as bought in as you are. So let's start from that. We're both at zero and then let's have the conversation, not you're trying to kill me and you know, so.

• 2:13:37Speaker 04

  Don't be reactionary. Think your thoughts through. And last super chat comes from Crystal His, Crystal His Haw says, I love how all three of you try to understand each other's viewpoints. I just love y'all. Thank you. And I would love if any of you would run for president in 2028.

• 2:13:55Speaker 00

  It sure as hell aren't going to be me. So boys.

• 2:13:57Speaker 04

  I'll be VP.

• 2:13:59Speaker 00

  Let's go. Thank you. Let's go. The Drew Ryan ticket.

• 2:14:02Speaker 03

  I like, but we were talking about this. Michael Che had a, um, stand up special.

• 2:14:06Speaker 00

  I haven't seen it yet. Is it good?

• 2:14:07Speaker 03

  Yeah, it's pretty funny. Um, but he was just talking about like, there's not a list of like people that you want for president. Like back in the day, it used to be like, oh, well, The Rock would run for president. That would be cool. Like we would dream up people we want to be president. And now I feel like I don't want any of these people to be president. Like I don't want any politician that I know down ticket. And I'm at like the assistant governor's kid at this point. Like I don't want you associated with it neither like.

• 2:14:30Speaker 00

  I'll take Rubio. I'm not going to lie.

• 2:14:32Speaker 03

  Rubio, Rubio sounds good, but he's, it's like, he's the seven that's next to the 10. So he looks better right now because he's standing next to 10.

• 2:14:41Speaker 00

  I need to know more about his individual policies and he's not in an administration, but I do love me some Rubio. So far he's fucking amazing.

• 2:14:48Speaker 04

  And that's it for super chats.

• 2:14:49Speaker 00

  All right. Well, thank you guys all very much. Uh, it is a great honor to have everybody show up to the show every day. So we are super, super grateful. And speaking of people that we're grateful for, Tailor Brands, guys, they really are amazing. If you are an entrepreneur and you are starting a company, Tailor Brands can help you file an LLC online. Literally it's just a few clicks. They'll help you establish your official business structure. They can help beyond formation, E I N registration, uh, numbers, get your registered agent, licenses and permits, business banking, payments, bookkeeping, business coaching. They've got so many things. These guys are an absolute incredible one stop shop to get off the ground and actually grow your business.

• 2:15:31Speaker 00

  Don't play at business. Actually scale something real. You're going to do that with help from Tailor Brands. Go right now, today. Use the link in the description or the QR code on the screen right now. Launch your business with Tailor Brands. They're amazing. And then I've got another AI masterclass coming Thursday, November 5th at 1:00 PM Pacific. And the link is in the description. If you guys have ever wanted to start a business and make it 10 times easier with AI, got you covered. I'll walk you through exactly how to do it. It's totally free. Again, November 5th at 1:00 PM Pacific. We'll see you guys on Friday. Tell them, my friends, be legendary. Take care. Peace. Let's talk about a pattern that is guaranteed to be killing your progress. You know what you need to do. You need consistent nutrition. We all do. You need vitamins, probiotics, greens.

• 2:16:16Speaker 00

  We all know that we should be doing more of it. When your morning gets chaotic, you skip it. When you travel, you skip it. When your routine breaks, everything tends to break and that inconsistency compounds against you every single day. AG1 is designed to solve the execution problem. One scoop, eight ounces of water and you're done. You're getting 75 plus ingredients, vitamins and minerals, pre and probiotics, nutrient dense, superfoods, everything that used to require six, seven different supplements and perfect planning now happens in one drink that takes about 30 seconds to make. Right now, AG1 is giving you $87 worth of free gifts with your first subscription.

• 2:16:56Speaker 00

  You get a welcome kit, travel packs, vitamin D3 plus K2 and flavor samples. Click the link in the show notes or visit drinkag1.com/impact to claim this offer.

• 2:17:09Speaker 01

  This message comes from Betterment. Dan Egan, VP of Behavioral Finance and Investing, explains the benefits of automated dividend reinvestment.

• 2:17:19Speaker 02

  If you've ever invested, you probably have noticed that occasionally you get dividends. Your stock pays it out. You get that as cash in your account and it usually sits there until you remember that you're supposed to buy something else with it to reinvest it back. Automated dividend reinvestment makes that effortless and seamless. When dividends come into your account, we automatically reinvest available dividends, not necessarily into where they came from, but into whatever would serve your portfolio best. So automated dividend reinvestment keeps you invested and keeps your portfolio in balance.

• 2:17:49Speaker 01

  Learn more about Betterment's dividend reinvestment methodology and other helpful investment tools at betterment.com. Investing involves risk. Performance not guaranteed.