What the HELL is happening around the world right now?! | The Tom Bilyeu Show

Hey everybody, Tom Bilyeu here. We’re diving headfirst into a world in chaos—mass protests erupting across Europe and beyond, from France and Italy to Argentina and India. It’s not just unrest; it’s real economic pain, skyrocketing inflation, and the fallout of decisions made during the COVID era coming home to roost. We’ll tackle why democracy might be entering a make-or-break stage as populism surges, trust in government collapses, and entire nations seem caught in a cycle of riots and reforms that never stick. We’ll zoom in on France—where an astonishing 70% of people now say there are too many immigrants—and challenge the cultural and structural issues fueling repeated unrest. Is unchecked immigration the real cause, or is there a deeper anti-Western sentiment even among Westerners themselves? How much is economic instability driving these convulsions, and what does it mean when countries like Poland and Hungary respond with ironclad border policies while the rest of Europe burns? Alongside my co-host Drew, we’re unpacking shocking polling, the logic (and madness) behind government decisions, and asking what it’ll take to restore prosperity and meaning when everyone’s fighting over a shrinking pie. From global flashpoints—Russia-Ukraine, Middle East escalation, and even wild new satellite showdowns in space—to America’s own looming debt and housing crises, today’s episode refuses to look away from the hard truths. Stay with us as we break down the headlines, explore what’s really stewing under the surface, and ask: what does it all mean for the future of the West, for democracy, and for your own place in a rapidly changing world? Trust me—you’re not going to want to miss this one. Join us LIVE on YouTube every Monday, Wednesday and Friday at 7am PST! 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.

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• 1:01Speaker 00

  What the hell is happening around the world right now? There are large-scale protests and/or violent riots in at least eight countries right now. France, Italy, Belgium, Albania, Spain, Argentina, and more. The situation is getting dire. Both Poland and Hungary have made shocking statements. You guys need to hear about European immigration policies. The Russia-Ukraine conflict may be getting worse despite Trump's attempts to calm it down. And expecting it to spread, the head of the British Army is warning his soldiers to be prepared for war. This is the second time we've heard that language coming out of the UK. The Russian attack satellite story is insane and almost nobody knows about it

• 1:43Speaker 00

  and what it could mean for the space-based warfare of the future. The danger in the Middle East is worse than people realize. Unfortunately, right now, new warnings are pouring out across the region involving 11 countries. Something is seriously wrong also with the housing foreclosure rate here in the US. New data shows an alarming trend. And the glory of stock issuance to American kids continues. I'm excited about this one as Elon makes a major announcement. We're going to talk all about that and more today on the Tom Bilyeu Show Live. Welcome, everybody. All right, for real, for real. What the hell is happening around the world? There are massive protests and/or riots going just all over the place.

• 2:24Speaker 00

  Like I said, France, Italy, Belgium, Albania, Spain, Argentina, India, Brazil. It's really getting pretty crazy how many places are popping off right now. On October 17th, which ended up being a big day. We'll see if that date gets remembered, certainly in European history or not. But over half a million people marched in France. If you guys haven't seen the footage, it is absolutely insane. We're going to be showing a bunch of it here on the screen. If you get a chance, take a look at it. It is wild, to say the absolute least. There were 1,200 arrests, and I'll say so far. 150 police officers were hurt. Unbelievable amounts of damage to property.

• 3:07Speaker 00

  There was looting everywhere, fires across multiple cities. Now, the question as to whether the looting was completely random is something that is going to be explored a lot more in the coming weeks, I assure you. There've been all kinds of reports about whether Jewish buildings were being targeted specifically. There's actually a Jewish group that said, doesn't look like, even though some people had like actual addresses of Jewish-owned businesses, when you take the totality of over 2,000 businesses being destroyed, that it doesn't look like there was, in aggregate, any serious targeting of Jewish businesses specifically. But there's plenty of anecdotal stuff about that. There's also video of people standing in front of stores basically saying, the intimation being that they're saying

• 3:51Speaker 00

  that this is owned by a Muslim and so leave it be. That stuff, I consider a lot of early questionable reporting. Consider that anecdotal from where I'm sitting for now. But you've got mayors across France asking for partial curfews. Now, the same day that all of that was popping off in France, you've got riots rocking cities all across Italy, Belgium. Milan was like one big smash and grab. It was insane. There was a gigantic Palestinian flag draped over the Leaning Tower of Pisa, which was wild. You had people protesting there. I think that's where Greta Thunberg was. She was certainly at one of these protests, speaking to an American audience. Always very interesting to see what language people are speaking in.

• 4:36Speaker 00

  You had stuff popping off in Brussels and Liege. Toronto, the capital of Albania, was on its fifth straight day of street battles. And Albania's Supreme Court was burned by rioters. They were demanding that the Prime Minister Rama resign. Spain had 20,000 people marching in the streets. You take this all in, it was absolutely wild. When you put it together, it is clear that something is going very, very wrong, largely in Europe, but it isn't exclusively to Europe. You've got Argentina in the mix, like I said, Brazil, India. The question is, what the hell is going on? Now, for me, as always, I think the biggest culprit is the economy. I'm going to try to tease out how important the immigration of it all is.

• 5:20Speaker 00

  And we're going to get to sort of a counter rejoinder coming out of Hungary and Poland in a minute. But when you look at this, underlying the vast majority of the madness, you have the 30% plus COVID inflation of the last six years. I, we, this is one, boys and girls. As a populace, we absolutely cannot let people lose sight of how much of this is an echo of what happened during the disastrous decision-making over COVID. You cannot shut down the global economy and print infinite money while you're constraining the flow of goods and then let massive fraud take place and expect that there's not going to be a huge problem. Plus, right now, even after that, you've got Eurozone inflation

• 6:05Speaker 00

  at 3.8% in September, which is a three-year high, nearly half of which is being driven by, you guessed it, the Iran War energy shock. Oh, that is looking like a worse and worse idea by the day. Average diesel across the European Union right now is up 39% since January. Now, Argentina's problems basically rhyme with all of that. So Buenos Aires students have clashed with police over Malay's university cuts. And one of the signs that people were holding said, occupy the streets like in France. So they themselves are drawing parallels between what's going on everywhere. But the economy really isn't the only problem. Though, I think you wouldn't see things popping off like this

• 6:48Speaker 00

  in any reasonable world where people's real wages were growing. The problem becomes, when you're trying to get the government to take care of everything for you, you are going to, as Margaret Thatcher said, the problem with socialism is you end up running out of other people's money. So all of this desire to redistribute money needs the money to exist in the first place. And if you have asinine economic policies that make it hard for people to start businesses, then you have no money at the government level. This is exactly why, despite my temptations to stop and just focus on game development, I cannot pull myself away from helping entrepreneurs as a PSA. Remember, everybody, you have tax dollars precisely because you have jobs. You have jobs precisely because there are some lunatics out there

• 7:30Speaker 00

  that start companies and try to innovate and build something that people want. Do they do it for selfish reasons? Absolutely. But do they create the knock-on effect of creating prosperity? Yes. So when you've got, on top of all of this, populism grabbing hold, where everyone senses that the pie is shrinking because of terrible economic policies, then everyone joins a team and they start fighting. So you've got the table set, economic problems abound. You've been, Europe for sure, has been making decades-long, ridiculously poor choices about, we're going to be the home of regulation. That's going to be the only thing that we focus on. And we don't realize that all of this stuff is a trade-off. And the more you regulate, the less innovation you get,

• 8:15Speaker 00

  the fewer companies you get, the more fragile your economy gets, the fewer jobs there are, the less that the real wages of the average person are growing. You also create a cultural expectation that the government's going to take care of me. We're going to look at that more as we zoom in on France in a minute. But when you get people going into populism, everyone stops being logical and they lean in to their emotions. Now, I don't know that my read on populism is going to be the shared definition across the globe, but I really encourage you guys to do your own deep dive on why I keep saying populism is about the abandonment of logic and people going specifically into their emotions. They are no longer reasoning by, okay, well, this leads to this, leads to this.

• 8:59Speaker 00

  It's not cause and effect anymore. It's, that thing triggers me emotionally and therefore I'm going to react. And I'm going to run around, I'm going to smash things, I'm going to burn things down. And that is based on a real economic thing. The pie really is shrinking. But when people then go into emotional reasoning, they are not able to get back out of that problem. And when you add to that the massively destabilizing problem of mass immigration, you get what we're seeing now. Each country has a mix of all of these different issues, and more, by the way. And I'll try to lay some of those more out again when we zoom in on France. But regardless of the precise mix that any country is dealing with, there is an insane amount of destabilization going on right now.

• 9:44Speaker 00

  And the solutions being put forward, especially in France, are retarded. They're not going to work. Everyone wants the government to do more at the exact moment that the government needs to do less. But we've entered what maybe Drew is going to pull me out of this spiral of despair. I really hope. But we may have entered a fatal stage of democracy all over the democratic world where people realize that they can vote for gifts from the government. And as soon as people get into that, then they do. And that becomes the only way that people get elected in a populist moment is they promise more free stuff. And you take an economic problem that's been supercharged by populism

• 10:27Speaker 00

  and you make it truly potentially fatal to any singular nation. But democracy at a whole certainly starts to get very distressed, let's say. Because your democracy isn't going to work if you have one person, one vote, and everybody is just voting for more free stuff because they don't have a concept of how an economy actually works from a cause and effect perspective. So the very people that they hate the most, meaning successful people, the more they attack them, the more they try to break their business, the less money there actually is to tax, which then leads you to running insane deficits, which then leads you to print money. And guess what happens? We find ourselves back in an inflationary spiral that started all of this.

• 11:10Speaker 00

  So once you understand the cause and effect of how we ended up here, which is why, I know it's kind of boring now to think back about COVID. It was six whole years ago. People really start to lose sight of how we ended up here, that we voted ourselves into these lunatic policies, that we allowed the global economy to be shut down. And I get it, it was scary times. We had no idea what was going on. But by giving into that, we have all, from a voting perspective, or from what we tolerated perspective, allowed all of this to happen. And so if we can embrace a logical breakdown of the cause and effect, then we potentially have a way out of this. But if we don't, you can expect the violence and

• 11:51Speaker 00

  the destabilization to continue. Now, if you zoom in on France specifically, you start to see a very extreme case of what's happening, and you understand why the French are the ones that are constantly burning their own country to the ground. Now, all weekend, I just kept asking myself, what is wrong with these people? I could not stop thinking about it. So, did a bunch of research, and it is literally like France is structurally designed to end in riots. So, there's a paradox at the heart of French politics. It goes like this. Nobody expects more from their government than the French, but nobody trusts their

• 12:32Speaker 00

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  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. 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

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• 16:02Speaker 00

  are massively opposed to it, but it keeps happening. You also have just them assuming, by the way, that the government is lying to them. So, give me everything, take care of everything, but I just assume that you're lying. So, it's like this really specifically French combustible cocktail of cultural lunacy. You're demanding protection from an institution that you are convinced is out to get you. You're never going to be able to make that make sense. But that is like the cultural, the psychological. There's actually a structural element that makes the anger go straight to the fucking barricades, like this was Les Mis, instead of getting worked out somewhere that's actually productive. And the reason

• 16:45Speaker 00

  that happens is because their government is structured in a way that gives them nowhere else to go. So, Tocqueville, one of the great thinkers of ages ago in France, but he spotted this structural problem 170 years ago. And he said, basically, both the monarchy and the revolution deliberately destroyed every intermediate body that would give people a direct voice in their local area. So, you think about the US building a republic, you've got all these different states that can run different experiments. The federal government is not trying to force a ton of things down on them. It's trying to decentralize things to the individual states so that people can figure out for themselves, how do we want

• 17:29Speaker 00

  things to run here? And that acts as a release valve that you don't see in France. So, in France, things like provinces, guilds, and estates were all replaced with a Jacobin center that runs everything in a hyper-centralized way out of Paris. Now, if you guys don't know a lot about French history, the Jacobins were the radical faction of the French Revolution, and their big institutional idea was the republic, one and indivisible. So, just like, we're gonna put one gangster monarchy-like thing to rule over us all. And they abolished the old provinces and essentially carved France into roughly equal departments, and treated regional identity as a threat to national identity. So, imagine the US had

• 18:13Speaker 00

  founded itself, saying, yo, this state shit, that's for the birds. We can't have it. We can't have you guys thinking of yourselves as Floridians, or Californians, or New Yorkers. No, no, no. You guys are, in this case, French. That's it. And so, the rivals to the Jacobins were the Girondins. They wanted a looser, more federal France, so something a little bit more like the US. But the Jacobins end up winning, and the Girondins end up getting the guillotine, literally having their heads lopped off from their bodies. You end up, obviously, getting a strong man that has to come in, in the form of Napoleon, and he ends up basically solidifying that structure. But it's a dumb structure that makes it hard for the French to change anything from voting. And so, if you've got no regional

• 18:56Speaker 00

  ability to affect your local area so that you don't feel as oppressed by the French government, then you're left turning to the federal government for everything, both the place to punch in the face, and the thing that you want to get something from. So, in France, this problem is then made 100 times worse by the fact that the state basically is the entire economy. Public spending runs 57% of GDP. So, the government just takes it all and starts redistributing it. It's the highest in the developed world, by the way. So, 1 in 5 workers is a civil servant in France. Pensions eat nearly 14% of all economic output. God damn. Nearly everyone belongs to some sort of special group, and

• 19:40Speaker 00

  that means every time you try to reform the government, which of course is always about how you divvy up the money, you now end up with a visible income hit to millions of organized people. Organized people. Okay? They're ready to riot, loot, march, burn, whatever. They're here for it. They're trained. It's what they do. And the beneficiaries of whatever change people are trying to make, like young workers, future taxpayers, they're just scattered around and voiceless, and they don't have the organized opposition that you would see. And then, I'm not gonna get super into the NGOs, but because that research is being done now, I think we're gonna see that coming out more in the weeks

• 20:23Speaker 00

  to come. But there's 40 or 50 different organizations that people are already pointing fingers at, that are causing all of this mayhem, up to and including, I don't know if Drew showed this link yet, but there was a pallet of bottles just dropped off in the middle of the riots. So, it's so wild to see this stuff, man. So, anyway, there's plenty of people that want to see this violence. But if you layer on top of all of this, the machinery that's baked into the structure of the French government, you find your way back to de Gaulle and his Fifth Republic. And it structured France in a way that has exactly two gears. So, France has a president, I can't even remember the guy's name, sorry. France has a president and a prime minister. The prime minister's name, I can't even

• 21:08Speaker 00

  remember. They churn through these fucking things like they're candy. So, you've got the president, which is Macron, who we hear about, and then you've got the guy that's in charge of the budget and the day-to-day running, who is the prime minister, whose name I am literally forgetting once again, because I just never hear about this guy. I think Macron has already burned through seven prime ministers. Drew will hopefully fact-check me on that, but I'm certain that's accurate. It certainly isn't less than five. So, he's just churning through these, because it's basically like, hey, I'm doing a bunch of dumbass policies, but I'm gonna give you this other guy to be mad at. That was like the big contribution of de Gaulle. So, when the president has a majority, he is an elected monarch who rules by decree and does not have to negotiate. When he doesn't have a...

• 21:55Speaker 00

  A majority, then basically, everything seizes up completely. There's no middle setting where you have to bargain. So, seven, god damn. So, yeah, they just, they just eat them alive. They just feed them to the people and say, it's not me, bro. It's this kid. So, the French government never has to learn to make deals. The French people have learned that the only veto that they have is just to shut the country down. So, if you've been wondering, why the hell does this keep happening in France? This is why. Plus, in France, the founding myth of the entire country is that we're the people that overthrow the government. Seventeen eighty-nine, eighteen thirty, eighteen forty-eight, eighteen seventy-one, nineteen sixty-eight. These kids just like tear it all down constantly.

• 22:39Speaker 00

  And you end up proving to the people that with a big enough crowd, they can basically carry constitutional weight. They can just get things changed that they want. And you're hearing those mouth noises out of our man Macron, who was chilling at the Celine Dion concert, that is gonna come back to haunt him, while Paris was burning. And by the way, in French, compromise actually has like a connotation of being kind of a dirty word. It has shades of, uh, "compromission" or "selling out." So, in France, it's like, no, no, no, we're not gonna compromise. It's all or nothing. So, France has five rival confederations that compete, basically, to out-strike each other to get the changes that they want.

• 23:21Speaker 00

  And this is exactly what you saw play out in ninety-five, uh, play out in two thousand and six, twenty eighteen. And it basically is what you're watching play out again right now. And again, now layer on top of that, immigration. And, ooh, buddy, you've got some good times a-going. It's pretty wild.

• 23:43Speaker 02

  Let's start at the beginning. They were announcing that these protests were due to an underfunded education. Too many teachers, not enough teachers, too little pay.

• 23:53Speaker 00

  This is- Too many rats, too many cockroaches.

• 23:56Speaker 02

  This is what, it was a high school started organization. And of course, some other left-leaning groups have joined the cause.

• 24:04Speaker 00

  You gotta teach them young, Drew. The only way to get what you want is to burn shit down. That literally is what I learned this weekend.

• 24:09Speaker 02

  It's, France is known for it. This is the way that they protest. This is what they're going through. Is there anything from an underlying standpoint that we could have done to prevent this? Maybe we do need to fund the schools? Or do you think that this is just the exhaust of where we are in this moment in society right now? What do you think is, is starting this? Or do you think that it's, you know, something-

• 24:30Speaker 00

  Well, I think they really do have legitimate complaints, the students specifically. But they are such a small part of what's happening at this point, that to call these student riots is nonsensical. It's like, uh, when all of the palisades burned, was it started by one maniac? Yes. But very quickly, this becomes a question of, why were the reservoirs dry? And why did the, uh, why were budget cuts made? And why was the mayor gone? It's like, you start getting into all these structural problems that are like, okay, hold on a second. Yes, maniac starts problems. So, students start all this by barricading, uh, teachers inside the school, by, um, blocking entrances, by lighting some of those, uh, blockades on fire.

• 25:16Speaker 00

  But very quickly, all the groups with an ax to grind start pouring into the streets. Because what you're essentially doing is low, lowering the cost of rioting, um, by getting something started. So, now, if I'm a group that's like, well, there's nothing really to spark my movement in this moment. So, I'm just gonna riot on the back of that spark. And so, it becomes this massive wildfire. But it really is a French cultural problem tied to, uh, a structure of a government that is completely nonsensical, tied to economic woes that are legitimate, tied to, uh, an energy crisis that is legitimate. And so, tied to, by the way, part of the reasons that the schools are overcrowded is you have unchecked immigration.

• 25:59Speaker 00

  So, you put all of this together with the fact that also, when you have unchecked immigration, not only do you just have a bad ratio of teachers to students, but if those people came because they specifically want the, um, social safety net, now they're draining dollars rather than contributing dollars. And so, even though France is in the top three spenders per citizen, and at one point, I think they were number one, but that was back in twenty fourteen, uh, even though they spend just an absolute insane amount, um, on their citizens, it, people just want more, more, more, more, more. And you get the cultural destabilization. You don't have people just going, well, hold on a second, we're all French here, don't do this. Um, the French identity begins to dilute.

• 26:43Speaker 00

  And whether that's a French identity that's diluted by Germans or, uh, Ukrainians or whatever, because I'm sure this isn't just a bunch of people from Syria or whatever the narrative is gonna be. But the destabilization happens nonetheless, because these are not people who recognize their own history in the country. And so, you end up, when you put all that together with the fact that, um, all of the things that I've just mentioned, plus an anti-Western push, and this is the big thing I wanna put on the table today, that, um, we, I don't think anybody has been able to really talk about in a, um,

• 27:22Speaker 00

  a nuanced way, what's going on with, you have, because every time people wanna talk about this, what they wanna lean on, on the right, I should say, is the narrative of this is, uh, Muslim immigration. That's a real part of this. But then, people are just gonna go, you're a dumb asshole. Look at all the French people that are running around. Uh, meaning they're just saying visually, you got a bunch of white kids, man. And so, what the fuck are you even talking about? Or, these people have been here for three, four generations. Like, how the fuck, like, how are you gonna say that this is an immigrant problem? These guys have been here for generations. And that's where you have to understand that there's this massive anti-Western push, even among Westerners.

• 28:08Speaker 00

  So, you're seeing the same thing in the US, you're seeing the same thing across Europe. There are plenty of white people, European descendants, that are like, we have all this collective guilt about what France did, America did, UK did, whatever. Insert your favorite country here. And so, we actively also want to tear this down. And so, there is what people are calling the red-green alliance between essentially the, uh, communist or the socialist wing of all of this disruption, being married to the people that they have led into their country, who for now, much like the US and Stalin, for a minute, they shared an allegiance,

• 28:49Speaker 00

  and then very quickly found themselves building up nuclear weapons and pointing them at each other. You'll, just like we saw in Iran during the revolution, you will see these groups separate if they win. Then they'll separate and they'll start fighting each other. And so, but right now, we do have the red-green alliance. And so, when you see a bunch of people waving the Palestinian flag, it is, Palestine has done a phenomenal job from a PR perspective of making themselves the, um, the heartbeat of anti-Western, anti-imperialistic, anti, um, apartheid, if you're gonna use that word. Like, they've become that symbol for that, which is why you'll see Greta Thunberg wearing a kaffir.

• 29:33Speaker 00

  You'll see people waving a Palestinian flag that clearly aren't Palestinian. And so, trying to make this about the immigration itself and not understand why the immigration was allowed to happen in the first place, people are gonna be completely confused. And so, it's interesting to talk about Poland and Hungary in this, which we'll get to in a minute. But as to why, you're never gonna be able to, from a, I'm watching the footage, and this is just a bunch of, um, Syria, just because they're a big country. But Syria, Pakistan, um, all of the nations that are supplying Muslims into Europe, you're never gonna be able to just see clean footage of, oh, it's just a bunch of brown people.

• 30:16Speaker 00

  This is why Ryan and I always butt heads on this, is you're gonna be very confused, because this is about values, it is not about race. And so, you've got a ton of white people going in with a bunch of Muslims, brown or otherwise, because again, it's a religion, so they're not going to be, uh, an ethnicity. And people are so easily bamboozled by skin colors, fucking hilarious. But anyway, you're gonna see them come together, because they share, for now, a value of dismantling the West. And so, if you understand it as, oh, this is just immigration, you'll be confused, because it's not. There was a reason the immigration was allowed to happen in the first place, which was Westerners having an anti-Western stance.

• 31:00Speaker 02

  The anti-Western stance is what allowed the immigration to start the first place-

• 31:03Speaker 00

  Correct.

• 31:04Speaker 02

  Upstream.

• 31:04Speaker 00

  Correct.

• 31:06Speaker 02

  Okay, that's interesting. I never heard that, uh, thesis laid out before like that. And what was, the ultimate angle is to get the Western, I guess, the patrons of the West, the minority in their countries?

• 31:18Speaker 00

  Not quite. If you put, I don't think. My take goes something like this.

• 31:25Speaker 00

  If you put on your, these are loving people who look at the world and go, "France really did bad things. America really did bad things. The UK really did bad things." And it's easy to go, "Yeah, they really did bad things." Mm-hmm. And then they go, "I don't feel good about that." And I'm looking at these countries and they're struggling. And there's a narrative, though I think it's bullshit, but there's a narrative that it's like, "They're only struggling because we were imperialistic assholes." And so now, how can we deny them the riches that we're enjoying? Let's welcome these people into our country.

• 32:05Speaker 00

  And so, one of the stats I found utterly fascinating when researching French opinions on immigration was that they would say, "We have way too many fucking immigrants." But, but, but, if somebody really is in like dire straits economically, then we should let them in. And so they like can't even make it make sense in their own heads. Because they're not willing to do what Poland and Hungary are doing, which is like, "I don't give a fuck. I will literally shoot you in the face if you come to my border illegally." And they're not willing to do that. Peter Boghossian had a comment about this. I think I pulled the link. Uh, I'm almost certain I did because I had to look up how to spell his name. Uh, yeah. It's, if you look for, just do a search for, uh, B-O-G and it'll pop up.

• 32:48Speaker 00

  So, his take is, is pretty dark. And when asked if he's optimistic, uh, about the future of Europe, he had this to say.

• 33:00Speaker 03

  I would like to know if you're optimistic about the situation in Europe?

• 33:05Speaker 04

  No, you're totally fucked. There's nothing you could do but surrender. I think you should have an honest conversation about what your surrender would look like.

• 33:14Speaker 00

  He means that. He's not joking. He's done a whole thing about, um, Europe needs to start now negotiating their surrender to, um, immigrants, I think is the word that he would use. Uh, because he does not think that there's any way to stop the demographic shift that's happening. And it will overwhelm Western values. The governments will be changed. Um, the religious majorities of the country will change, which is just a stand-in for your values are gonna change. And so he's like, "No, no, no, for real. Historically, when this plays out, it's a civil war and one side is absolutely slaughtered." And so he means that, literal mass death across Europe. So he's saying, "Avoid that."

• 33:58Speaker 00

  Uh, start negotiating that surrender now. It, it's a pretty wild take. Unfortunately, I don't have an easy clip to reach for of that, but I've heard him say it myself. Uh, so back up, uh, like 10 seconds and, and let this play again. But he does not mean that as like a joke.

• 34:18Speaker 04

  No, you're totally fucked. There's nothing you could do but surrender. I think you should have an honest conversation about what your surrender would look like and when that will be.

• 34:28Speaker 03

  What, what do you mean by surrender?

• 34:30Speaker 04

  Well, I don't really know about the logistics, like how that would happen. But I think you're right about the, the reduced status. I think you're gonna see the increasing Islamization. The, the first step of the problem is you have to be honest about it.

• 34:44Speaker 00

  Pause it for a second. So he kind of muffles the word a bit, but he's talking about demi-status. Um, take Peter with a grain of salt. You have to understand his worldview. Um, before a lot of what he's saying is gonna make sense. I think he's a little off. I think he's over-indexing on the immigration side and under-indexing on why Westerners would not only let this happen, but encourage it to happen. Uh, but anyway, demi-status is a whole thing in Islam where basically people can convert and then obviously be treated as an equal. Or they can choose to pay a jizya, which is like a tax. Um, and there have been peaceful eras,

• 35:25Speaker 00

  let's put peaceful in air quotes, there have been peaceful eras in, uh, relations between Muslims, Christians and Jews, where the Christians and Jews pay their jizya and they're more or less left alone, but they do have second-class citizen status. Uh, and so

• 35:43Speaker 00

  this is where people go, "Wait a second. You're saying that Israel's running an apartheid state? Let's talk about jizya and demi-status." So anyway, he just sort of throws it away and he muffles the word a little bit, but that's what he's talking about.

• 35:54Speaker 04

  But the fact that you cannot control illegal immigration, you're not willing to shoot down the boats, you're not willing to do anything it takes. You have to be honest about the fact that, so not only illegal immigration, but legal immigration. As long as people are not willing to speak honestly about the problem and they look at you and they look at Tebow, a former guest who comes and other guests who come with bodyguards and police escorts, who, who wants to go through that? Particularly if you have young children. Far more of my life is behind me, so if people behead me, I would, don't wanna be beheaded, but it's not that big of a deal, right? It would have been a huge deal if I was 30. So, you're not willing to speak openly and honestly, and anybody who does either needs police protection or is labeled far-right.

• 36:37Speaker 04

  I don't think there's anything you can do. There's literally nothing you can do.

• 36:41Speaker 00

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• 39:31Speaker 00

  Immigration is something that we're all gonna have to have very honest conversations about. Please don't lose sight of the fact that, um, all of this is about value system, the way that you believe things ought to be, how countries should be structured, uh, the role that religion plays in the structure, uh, of a country, yada, yada. Um, because, boy, in a populist moment, we, so many people eject out of the conversation just crying racism. You actually even saw it in the, uh, protest. There was this guy that was like, "Please, will you guys stop uh, destroying these businesses?" He was like pleading with them. I think it might have even been in Italy, not France. Anyway, it was one of the two. And so, "Please don't burn these buildings. These are, you know, hard-working people that are just trying to run a business." And people just start shouting racist, racist, racist.

• 40:16Speaker 00

  And so it's like, "What? What does 'Don't burn this building' have to do with racism?" So, um... If we are unable to start having a actual conversation about cause and effect, all the different pieces of this very complex puzzle that have to be put on the table to talk about it in anything even remotely approaching a rational way, that can be solutions based, we're gonna have to get way past racism real fast, to what values, what narratives are actually driving the thinking. But right now, we are not. We are locked into voting for more free shit, which is breaks the, the engine of prosperity, which then creates that underlying economic

• 40:57Speaker 00

  distress that then makes people rationally say, well, I need to fight for the shrinking pie. And then unfortunately, even though that's a rational decision, it pushes them into irrational emotional decision-making that's all short-term, has nothing to do with the long-term health of the country. And so it just gets wild. I have no doubt that we're going to see peace reestablished. This is going to be a process that plays out over an extended period of time. This is not something that just happens overnight. So in no way, shape, or form, am I saying like, okay, this is the beginning, this is the civil war, it's all gonna fall apart from here. It won't. They're gonna be able to leap forward for another two or three generations, but it's just gonna get worse and weirder as it goes. And then the question becomes, how, so the

• 41:42Speaker 00

  thing I've been saying now for years is what you should expect is pockets of violence. I've already been vindicated on that. We're already seeing the pockets of violence. The question becomes, does it turn into something more sustained? I certainly hope not, but if we don't resolve the cultural and economic issues, it will continue to escalate. Not in the next year or two, but the next decade or two.

• 42:02Speaker 02

  You're talking about escalate full civil war?

• 42:05Speaker 00

  Escalate to the point where somebody has to win. And so will one side be prepared to just accept, like Peter's talking about, forget the Islamification of it all, and just, will the left or the right accept that we're the minority, and so we're gonna go quietly, and just accept that the vision that we had for our country is over, and they start dispersing to other countries if they can, to get somewhere that more closely aligns with their values? We see immigration throughout the world, throughout history, it's a thing. And so, if you see that your country isn't going the way that you want, then you peace out. I don't think people fully understand, I guess I'm projecting here, because I know I certainly

• 42:46Speaker 00

  still don't, and have already learned quite a bit about post-World War II, like, think about the months and, call it year or two, in some places a little bit longer, post-World War II, where you literally just had the borders of Germany and Poland redrawn. I had no idea. They were just like, Russia's like, no, fuck you, we're not giving back the part of Poland that we took. So the West is like, bro, you gotta fucking chill with this shit. So like, well, Germany were a bunch of assholes, so we're going to take roughly the amount, though I think that Poland still ended up being about a fifth smaller after the war than before the war. But they basically just picked the borders up, and kunk. Like, that's so fucking crazy. And so people were like, uh, what? And so people that suddenly felt

• 43:30Speaker 00

  like they were in the wrong country, they scattered. And so you had a ton of Germans leading what was now Poland or Russia, and going back to the homeland, so there was a ton of that. Yeah, the US and Stalin and the UK basically forcing a lot of immigration out of different places. And so you can expect to see some of that, you can expect to see violence. I don't know if it goes all the way to civil war. That will come down to the calculus that each side has to do, where they say, okay, I think we can win. Because if the side, if nobody thinks, sorry, if one side thinks very clearly they can win, and the other side thinks they clearly can't win, then odds are you won't have a civil war.

• 44:13Speaker 00

  You'll just have acceptance. And so we'll see what that looks like.

• 44:17Speaker 02

  I'm still trying to figure out what these sides are. Is it?

• 44:20Speaker 00

  The easy, yes, the easiest way to say it is, left and right, pro-West, anti-West, but those are the same breakdown.

• 44:30Speaker 02

  Okay. And then when he goes to the, we should surrender, or the, Europe should surrender, what do you think those negotiations would look like? What would be things that they would have to put on the table?

• 44:42Speaker 00

  I don't know, man. I haven't thought through that at all. Bogosian is somebody who I'm always a little hesitant to engage with. I think partly just because I don't like what he's saying. It's an emotional reaction, I'm ejecting out for purely emotional reasons. I do not like how dark it is. So I haven't thought through it well, is the only honest answer. What he's intimating is, I think, a mistake, but I have not thought through that problem.

• 45:09Speaker 02

  And just to put a button on it, this is a US post, a US protest, you know? This was no kings last year. This is how we bring it in America. So you know, France, I know you guys are burning buildings down, but this is how you protest.

• 45:24Speaker 00

  Well, yeah, I wish this, by the way, I'm all for this. Hey, more of this. You look ridiculous.

• 45:29Speaker 02

  More jazz in your protest.

• 45:31Speaker 00

  So I'm here for it.

• 45:32Speaker 02

  Less burning.

• 45:33Speaker 00

  Unfortunately, in LA, we burn a ton of shit. So yeah, alas. I think, oh, in Minneapolis, Jesus Christ. So yeah, we certainly have more distress coming our way here in the US. But I do like a good dance for your cause. I'm here for it.

• 45:49Speaker 02

  You brought this up when you were talking about France, but yeah, Hungary and Poland have both drawn hard lines against immigration. I don't know if you want to read the statements first, or you wanna?

• 46:00Speaker 00

  No, let's dive right into it. Both Poland and Hungary have made shocking statements. You guys have to hear about European immigration policies. So unchecked immigration across Europe has created massive problems. You stack that together with the economic catastrophe of globalism and 30-plus percent inflation over the last six years in Europe, and you just see everything literally on fire. But you don't see things on fire everywhere, and that is super telling. Hungary and Poland do not look like France. In fact, they're looking at France, Italy, Belgium, Albania, Spain, and they're just saying, nope, hard

• 46:41Speaker 00

  pass. Hungary's new prime minister watched the footage of Europe burning and posted about it on the same day. So Peter Magyar is a centrist, by the way, which is gonna be important in this story. So Magyar, the centrist who replaced Viktor Orban, who was the guy on the right that everybody was freaking out about. So the centrist wrote that after this, quote, "senseless destruction and unjustified violence," end quote, "everyone should understand why Hungary takes the toughest possible line on migration, and that Budapest will not loosen its border policy under any pressure." Donald Tusk, the liberal Poland, elected guy, I forget if he's, I think he's their prime minister, I'm almost certain he's their prime minister.

• 47:26Speaker 00

  Is he? No, no, there is an MEP that we're gonna get to, but that's not him. So that's Dominic. We'll get to him in a second. But Tusk, I think, is the prime minister. So he posted that Poland will neither repeat nor pay for other countries' mistakes. No asylum applications, deportation for anyone who breaks Polish law. And then, we had this. All right, so we're gonna play this clip. This is a Polish member of parliament, he's also a member of the European Parliament, who went on a recent podcast, was this?

• 47:56Speaker 02

  Dave Rubin.

• 47:56Speaker 00

  Dave Rubin, went on Dave Rubin's podcast, and said, and I'll let him speak for himself.

• 48:01Speaker 06

  My message again, do not come to the Polish border, or you will be dead. Shot, dead. Do not come to the Polish border. I'm very clear, for years, if you're coming, it's your own risk. Do not cry over that. Do not tell me that you were shot, you were pushed back, whatever, whatever. Do not come, there's no problem. Go to Qatar, there's no problem. With that, they speak Arabic. My message-

• 48:29Speaker 00

  Okay, so yeah, yeah, that's the part, well, so first of all, saying, don't come into my border, you're gonna be shot dead, I will not give that the help. But immediately making this about Muslim immigration, that I will make it about help. When you, I've only audited Germany, so I can't tell you about other places, but when you audit who's actually pouring into the country, it's not insignificant from Muslim nations, but it isn't exclusively Muslim nations. You got a ton of people coming from other places in Europe. So people will rightly point out crime stats, yes, we're not gonna get into that today, just because I don't have the stats in front of me, but sure. But again, if we can reorient people to that immigration really is destabilizing from a cultural identity

• 49:13Speaker 00

  standpoint, understanding that, I think is incredibly important. People may not want it to be true, but the reality is that it is true. Okay, now, going back to Poland, Hungary, the people that we hear talking, they're not the far right. These are your centrists. In some cases, I think the guy, the prime minister from Poland is more on the liberal side, don't quote me on that, but I think that's true. And both of them are hardcore about immigration. So the question becomes, what are these guys all about? Why are they doing this? Now, there's an economist, Branko Milanovic, he's got a pretty clear explanation for what he thinks is going on. He says, "These nations have spent centuries

• 49:55Speaker 00

  fighting empires for one thing, a state of their own people." Own people, own people. That's gonna be a very controversial thing that we're all gonna have to contend with here in the coming decades. But Poland in 1939, Poland in 1939 was 66% Polish, with Ukrainians, Belarusians, Jews, and Germans making up the rest. This gets so rough. The Holocaust, Stalin's border shift, and the expulsion of the Germans left it nearly 99% Polish by 1950.

• 50:31Speaker 00

  So they become basically a natural experiment of what does it look like if you reject the whole idea that diversity is our strength? Hungary got there through Trianon in 1920 and the murder of its Jews in 1944. So they, through horrific means, also got homogeneity and they defend that today, obviously, against the regimes that had occupied them. So they inherited it and they treat it as a point of the very thing that they're fighting to maintain today. God, that's uncomfortable from an American lens. I just cannot tell you how weird that makes me feel.

• 51:12Speaker 00

  Migration from outside of Europe is the one thing that they see that would undo this. And I'd be very curious to hear what they think about immigration from inside Europe, since their big thing was, you didn't get rid of a bunch of people from the Middle East and Africa, you got rid of other Europeans. So this is why I'm saying, God, be careful of how you're going to be propagandized. So it isn't like Germans and Polish people and Russians and Ukrainians are just interchangeable. They have separate identities, different value systems, they want different things. And so this is why, this isn't race. And so if you just clock this as race, then what we're talking about now would make no

• 51:51Speaker 00

  sense, because their homogeneity wasn't race-based, if you'll give me that Jews are very often, European Jews are very often white passing. It's really just, it's not a race thing. So this is where, this is all going to get very, very difficult for people to think through that have this like really low fidelity breakdown of this is just a bunch of racist people. So the quote-unquote mistake that Poland and Hungary refuse to repeat is pretty specific. Poland issues more residence permits than any country in the European Union, so nearly a million in 2021, almost all of it to Ukrainians. Now, there's like that whole border shift that I was talking about. So how much sort of overlap culturally do you have there?

• 52:35Speaker 00

  Because they literally just picked the border up and moved it. Hungary brought in tens of thousands of guest workers from the Philippines, Vietnam and India under Orban. So the door is open and people, it's open anyway, to people that they've decided that they're not going to change what the country is. That is a wild statement. Now, if I had to guess, the way that Orban was thinking through it is the same reason that the US, the people on the right, will be like, I'll take infinity H1B visas, I'll take infinity farm migrant workers, because it's good for the economy, because it brings in cheap labor.

• 53:17Speaker 00

  But it's all a mistake, because what you end up doing is masking that your economy is not actually growing in real terms for your middle class. Now, Hungary has issues, Poland may have similar issues in terms of demographic decline, and so they're going to have to address it some way if they want to keep growing, but it gets very complicated very fast. But when you think about the fact that the homogeneity is the thing that's working for these guys, it's why they don't have all of the violence and protesting, and it's exactly why countries that historically had so successful of a welfare state, like in the Nordic countries, are now having absolute strokes over immigration, because they realize, whoa, we now have no-go

• 53:59Speaker 00

  zones, we have people that are abusing the welfare state, this isn't sustainable. And so they're waking up to that reality. And so it'll be interesting to see if Hungary, for instance, bringing in those workers from other countries, if those places have a much higher birth rate, do they assimilate? Or do they not see themselves as Hungarian first, but instead see themselves as being Filipino or wherever they're from? And so it really begins to be a question of assimilation, because as America proves, you can have people of wildly different ethnic backgrounds, but if they see themselves as American first, it can work fine. But when they stop seeing themselves as American first, or they no longer share a vision of

• 54:42Speaker 00

  what America is or ought to be, now you've got a problem. So it's a wild, natural experiment, that they got to homogeneity through grotesque means, but nonetheless, it's created stability. And that very inconvenient fact is going to have to be contended with by all of Europe, by all of the West.

• 55:02Speaker 02

  I was gonna say that, it's spread into other countries, because France wants fewer immigrants as well, so they're going to do the same thing.

• 55:08Speaker 00

  Dude, I was shocked by this. Absolutely shocked. The, the French want fewer immigrants, but not by a little, by a lot. In January, the Odoxa Polling Institute asked a representative sample of French adults a really blunt question, are there too many immigrants in France? Seventy percent just flat said yes. So trying to clock this as a right-wing thing, unless you think that France is 70% right-wing, which they are obviously not, doesn't make any sense. Sixty-seven percent of Emmanuel Macron's own Renaissance supporters agreed there are too many immigrants in France. So did a third of Jean-Luc Mélenchon's far-left base.

• 55:52Speaker 00

  A third of people on the far-left, man, think that there are too many immigrants. So this is not what people, I think, would expect from the polling in France. Now, in September of 25, the CSA Institute found 79% of the French want a tougher immigration policy, which is up, so it's moving in an anti-immigration direction. It was 70% just three years earlier. This past May, 63% backed suspending, suspending legal immigration entirely for three years, which I think is more just a cry for help. I think they're thinking, yo, if nothing changes, bro, three becomes 10 becomes 20.

• 56:34Speaker 00

  Among 18 to 24-year-olds, support hit 69%. That's the highest of any age group. So even the young people, who are the most likely to be liberal, are looking around going, yo, I don't think this is good for my economic future, we gotta chill. And in June, 83% said France should send home foreigners who are convicted of criminals or, or are just long-term unemployed. Bro, over 80%. What? So at the same time, though, you've got all of the like noise coming out of France about, we've got to help these people, we've committed so many sins in the past, like who are we to say that they can't be here? It's pretty crazy.

• 57:18Speaker 00

  The French government, going back to the structure and the way that the president can literally run it like a fucking monarchy, is just ignoring what the people want. So, pretty wild. Now, the French are convinced, I think rightly so, that their government has failed on this whole thing. Seventy-seven percent have a negative view of the government's handling of immigration. Despite that, Macron just keeps pushing forward. It's crazy. Do not be curious as to why Marine Le Pen is just taking over in the polls, man. Her national rally has just been insane. So we'll see if she's able to actually gain power, but they, I think, did they put her in prison or try to put her in prison?

• 58:01Speaker 00

  I mean, they, they went pretty hard in the paint on Marine Le Pen, and because of this wildly anti-immigration stance on behalf of the vast majority of the French people, she continues to gain and gain in popularity. So we'll see, man, but this was crazy. I could not believe that the numbers were this high. Shocking to me. I had no idea.

• 58:24Speaker 02

  Um, why do you think they're disconnected from their electorate? You know, in the US, we could blame money and politics, we can blame, you know, partisan spinning. Is it the same overseas too? Because I did not realize the disparity between immigration and, feelings about immigration and their actual policies were that far apart.

• 58:41Speaker 00

  Yeah, neither did I. I would have to study Macron more deeply, but my default answer is the left is anti-West. The left really has succumbed to a mind virus that, because we've been prosperous for so long, that prosperity does not require you to make very difficult decisions. And this is what I'll call the speech from a few good men, the Jesepification of the world is unfortunately a reality. Like you have to have those tough men on a wall, like your MEP from Poland, saying, if you illegally approach the border in Poland and you refuse to turn around, you'll be shot dead. You have to do that. Like you have to be prepared to defend your borders.

• 59:26Speaker 00

  And the left just isn't there. The left is in a mindset of prosperity can and should be shared broadly, that we have a moral obligation to let these people in, we have a moral obligation to take care of everybody, not, we have a moral obligation to make sure that our country is prosperous and that there's actually jobs, not that we have a moral obligation to insist on people working. And the more that I look at, this was interesting, I had a biblical weekend, Drew, meaning literal Bible, and it's early days, so I will put this only out as somebody who's at the biblical headline level, that basically there are direct apostles of Jesus that basically

• 1:00:07Speaker 00

  say things like, if somebody can work or be taken care of by somebody who can work, then they shouldn't be on, they would never use the word government dole, but it's like, then they should be doing that. You should be taking care of yourself and your own and providing for yourself and your own. This isn't just a go-walk to the government with your hand out. People need to be responsible, they need to take care of themselves. And so that would be very interesting, if that ends up holding true, because that would certainly get back to a big part of what America was founded on, which is a puritanical work ethic. And I've always wondered sort of where that came from. And if that is a legitimate interpretation of the Bible, then that starts to get a lot more clear.

• 1:00:47Speaker 00

  Now, I'm a non-religious person, but certainly have deeply imbibed the idea of being self-reliant, turning to myself to meet my needs, not expecting anybody to come and save me, that what I want is a shot, I want a chance to succeed or fail on my ability to play the game of life well. And as we have watched all these countries bask in the post-World War II stability, brought to you by a whole lot of people dying, and bask in the glory of more free markets, up to and including China. It's wild how they don't realize that you've got to protect that engine of prosperity,

• 1:01:29Speaker 00

  which means not burning down the stores that are symbols of success. So, there is economic, massive economic problems that needs to be addressed. There's corruption that needs to be addressed, but the winning answer is not going to be to destroy the only thing that has pulled people out of poverty ever. So, it's wild to watch people be socialist, communist, and say, "This is the solution to what ails us." That's the only thing that's guaranteed to just murder indiscriminately. So, that one is really distressing. And then you look back in history and watch it just bounce back and forth between these things where it's like, it always sounds good in times of prosperity to just give to everybody

• 1:02:10Speaker 00

  with no thought of the consequences of how you break businesses, just to make it not abstract. You make it impossible for businesses to thrive, then there are no jobs, then the pie really is getting smaller, people go into populism, they panic, they fight over shrinking pie, and they just want the government to give more and more and more. And then you get a draconian government that's like, "These assholes who are trying to keep things from you, these kulaks, we're gonna literally kill them." And then that sends the country into 100 years of despair, and then they finally come out the other side of it, whether you're Argentina, whether you're China, it doesn't matter, same playbook, but it takes about 100 years to get to the other side of it. It's really brutal, man. A lot of people suffer needlessly for an extended period of time before people pull their heads back out of their asses and go, "Yeah, we're not willing to do that.

• 1:02:56Speaker 00

  You motherfuckers are gonna have to get back to work." And that really is the drill. It's you break them, this is what Malay is doing in Argentina right now, is you break them of their ability to take from the state, and you free the markets back up to actually generate prosperity, and then you raise a generation to expect to need to work. And then people go to work and they find meaning and purpose and all that, and then you hit prosperity, and then that does its own weird spiral, and you get to where we are right now, which is wild.

• 1:03:30Speaker 02

  All right, we have some super chats, let's jump into those.

• 1:03:35Speaker 02

  Super chat, thank you, sir. Mauricio Dark says, "For Ryan, Drew, and Tom, please respond in that order. Suppose we made each of you emperor of France tomorrow, no BS, no trolling, no memes, serious answer only. What will you do to fix that country given its current state?"

• 1:03:49Speaker 00

  Ryan's out sick, so he won't be able to answer. Shout out to Ryan. I'll do my best to legitimately give you what I think he would say. "I don't know what the right answer is," says Ryan. "What I know is that you can't ignore your students, you can't ignore your workers, you can't ignore the corruption in a country that allows for this level of wealth disparity to exist. You cannot look at the level of wealth disparity that we see across the West and pretend that that is not its own grotesque problem. I won't put forward policy, but I will just say you need to look at that and fix that problem." Now, we'll let Ryan respond when he's back, if that's anywhere near the truth, but I

• 1:04:34Speaker 00

  think in a sincere way, that's roughly where he would land. Drew?

• 1:04:39Speaker 02

  I was Googling this on my way over here this morning, just like, yo, where did this come from, what's actually happening? And some of just the headline level stats, there are a 3.6 trillion dollar, or a trillion euro deficit. You gotta fix your deficit before you can do anything. You can't spend a single dollar. 3.6 is crazy. I thought we were bad with deficits, I didn't know they were worse than us in that way, so...

• 1:05:00Speaker 00

  Now, are those their deficits or their debt? Must be their deficit, yeah, because their debt is like 119% or something.

• 1:05:06Speaker 02

  Yeah, deficit, yeah, and they're exactly 119%.

• 1:05:08Speaker 00

  Damn, I didn't know it was that high.

• 1:05:09Speaker 02

  Yeah, so one year, I'm like, "Yeah, this is crazy." So, they got it, they need to fix that expeditiously if they want to do any type of change.

• 1:05:16Speaker 00

  Yeah. My thoughts are, from a non-trolling perspective, you have to go into austerity, you have to expect people to get back to work, you've gotta give people a regional voice, so they've got to start decentralizing and federalizing the state a little bit, the country, meaning. And people have to feel like, "I can actually get change enacted by voting for it." If people don't feel that, you've got a problem. So, you can't have the president be essentially an elected monarch who can rule for five years without having to compromise or, you know, win over an elected official, a body of elected officials, which is exactly how they're set up.

• 1:05:58Speaker 00

  I think that's a mistake, and then you've gotta crack the fuck down on all these riots? Like, you gotta have police in the streets. I'm not sure if it was in France or Italy, but Dior had their own private security because they knew that the government wasn't going to protect them. You can't have that. You've gotta have an expectation that the government is gonna roll up, and they are going to stop people from rioting, they are going to do mass arrests, that people are gonna spend time in prison for doing this stuff. You just, you can't fucking tolerate this. And then, obviously, you gotta fix the economy. So, no more deficits for you, and get people back to work.

• 1:06:36Speaker 02

  All right, we got Jimena Cortez, thank you for the super chat. "I tune into your lies religiously every morning while at the gym. The way you think and articulate ideas is not only entertaining, but your intelligence, wit, and unique perspective are incredibly engaging."

• 1:06:48Speaker 00

  Wow, thank you.

• 1:06:49Speaker 02

  Very kind of you.

• 1:06:50Speaker 00

  That was it, wow, thank you. That's incredibly kind. I appreciate that very much.

• 1:06:54Speaker 02

  Butoli says, "At what point does trying to hold back the tide become irresponsible? The majority of the West wants socialism and socialist policies. Shouldn't capitalists just cede to them and let them flow off on their own?"

• 1:07:05Speaker 00

  Wow. No, I think that that would be a terrible idea, but the question becomes, if you know that you are dramatically outnumbered, is it worth dying for? And that is ultimately, and killing for? Is that, that's the question that we're ultimately gonna have to ask. Now, if you're wired like me, and you've looked at enough history to go, "You don't understand what awaits the left on the other side of this. It is so dire and so steep in human cost, that at some point, not fighting back is leaving the country to die, leaving people to suffer, and feels a bit like the withdrawal out of Afghanistan, where you're like, "Yeah, fuck 'em." So, that's, that's rough. That's rough. Everybody will have to make that decision for themselves, and I don't wanna pop off

• 1:07:50Speaker 00

  like I'm gonna be some martyr or hero, I don't fucking know, but that is, that is a future that is so dark, that I find myself, despite knowing that every word that I utter into this microphone is worse for what I really wanna do, which is develop video games and tell stories.

• 1:08:08Speaker 00

  I, in good conscience, can't allow myself to be silent in this moment where it feels like it matters so much. I understand, I'm a drop in the ocean, and so whatever, fuck me, in the grand scheme of history, it won't matter. But, boy, do I care about earning my own respect. And as a, in an effort to earn my own respect, here I am, trying to get people to understand that we live in a deterministic universe, there is cause and effect, there are choices that we can make that are good for the masses, and there are choices that we can make that are bad for the masses, and even if 51% want something that's bad, at a minimum, we should be really trying to persuade people. And there is a point where you have to consider what's worth fighting for.

• 1:08:53Speaker 00

  And take somebody like me out of the equation, because I have the wealth to move, but imagine somebody who doesn't. Now imagine that person has kids, and it's like, at some point, if you really believe that life will be dangerous for your children if you don't fight, at what point is it irresponsible not to fight? And then, even setting all of that aside, if people think that they can win a violent conflict that they can't vote their way out of, they will become violent. So, even if it is irresponsible, it's not going to stop the inevitability of that. The only way that that gets diffused is if people don't believe in what they're standing

• 1:09:38Speaker 00

  for enough to be willing to kill and die for it, or they think they're gonna lose. Those are the only ways that you're gonna diffuse it.

• 1:09:50Speaker 02

  Thank you, guys, for the super chats, appreciate it. Now, we have a new Trump tweet that just dropped, talking about the Russia-Ukraine war. This is Donald Trump's tweet. "My decision on Russia is a very simple one. I'm in the process of negotiating peace in the war between Russia and Ukraine, and don't want to do anything that will drive foolishly Russia away from the bargaining table. Great progress is being made, and that includes current hostage negotiations."

• 1:10:13Speaker 02

  Signing that document at the time will do that and I can sign it later or at any time that I want.

• 1:10:17Speaker 00

  Proportions like that are so Tourette's lady. I'm like, what, what are you trying to say? I can sign it now, I can sign it later. Bro, weren't you just saying you're gonna sign it right now? What the fuck?

• 1:10:27Speaker 02

  Perhaps more importantly, Russia is doing very little, if anything, to help the Islamic Republic of Iran compared to what they could be doing. And I want to keep it that way and will and will unless stupid people get in the way. Lastly, Zelensky's doing is using diesel refineries in Russia as a target, knowing that these attacks are seriously hurting the world diesel markets, including those in the United States. Farmers, ranchers and businesses of all kind are suffering greatly from this, but Russia is nevertheless sending at a low price, millions of barrels to the diesel to the world. Excuse me, Zelensky doesn't care. And frankly, with all the money that Europe is famously giving him and that crooked Joe Biden gave him in the past, he doesn't want to end this war and probably never did. He could have made a better deal two years ago than he can now. His country is in shambles, a large portion of his land is lost, his oceans and seas are gone, and this male population is low, wounded and/or dead.

• 1:11:12Speaker 02

  I want this war end.

• 1:11:15Speaker 00

  That's literally what it says.

• 1:11:16Speaker 02

  Quote unquote. Thank you for your attention to this matter, President Donald J. Trump.

• 1:11:20Speaker 00

  Yeah. Okay, well, uh, the way that Trump talks is always distressing. Uh, this is terrible, but don't worry, it's just fine is always how his stuff reads. Um, everything is broken, but I fixed it and so it's good. Um, the reality is that wanting this war to end is certainly the right idea and we're getting a taste test of what it looks like when we as a global community allow, uh, provoke and allow for a country to invade another nation. We had such a long period of stability, it really was glorious. Uh, but that's over now. And so we've got to figure out, what are we going to do to reestablish that stability?

• 1:12:05Speaker 00

  And it isn't going to be by being wishy washy. And so that's where a lot of this starts being distressing is that Trump is so hungry to get the war to end, um, that he'll go back and forth between who he supports instead of just taking a very hard line about, um, this is the right thing that we're going to be steering towards. And even if that thing, like, let's say that his behavior, the back and forth actually is based on, I just want this war to end. I don't care who gets what, we just need to stop the killing. Uh, and so I'll go from, uh, Zelensky and back to Putin, from Putin back to Zelensky, it doesn't matter until we get there. Um, I'm not close enough to the actual inner workings of the negotiations to know if that

• 1:12:47Speaker 00

  strategy is working, but from the outside, it seems so chaotic and it sends so many mixed messages that it doesn't from the outside look like it's going to be a winning strategy. Also, if you map Putin the way that I map Putin, which is I'm going to tell Donald J. Trump, whatever the fuck I need to tell him in order to get advantages to my side, but I know I am in full control of when I, um, end this war. And I can turn my back on Trump. I can say that you misunderstood. Remember, this is, this is the KGB guy from the height of the Cold War, where it was just the evil empire doing evil shit to their own people. This guy is a master of propaganda, manipulation, telling people what they need to hear, saying

• 1:13:31Speaker 00

  it in the perfect way, pretending that you're a diplomat while you poison people to death. I mean, blowing up their planes, like, this guy is stone cold, man. And so I do not trust for one second that he's not, um, holding in his back pocket that Europe would have to be so forceful to actually stop me that I know that they're not going to do that. And right now, they can talk a big game, but they all want to keep this proxy. And as I move tanks up against Finland, just to remind everybody, I will start fucking up other nations. I will draw NATO into this if you make me. Um, and that these guys have not, they're not in a good economic position.

• 1:14:13Speaker 00

  One of the things in France, by the way, that's popping off is what's the phrase? Butters and guns, butter and guns, whatever that fucking thing is, that you should be spending money basically on prosperity. Give me more free shit, basically make butter cheaper. Uh, but instead what you're doing is spending money on guns because Trump has actually come in and said, hey, NATO is no longer a US funded operation. We'll do our part, you do your part. And so now these countries are having to arm up. Putin knows all of that. He knows that some of them want to do it. He knows that others don't. And so I think that the way that Trump is trying to handle this from the outside does not look like he's taking that reality of, he does not map Putin in the same way that I do. He maps Putin as somebody who sincerely wants to see the war end.

• 1:14:58Speaker 00

  Trump, Putin, excuse me, wants war to end on his terms. Uh, Drew, my life changed the day I realized that in business, I could basically talk my way out of anything. And it was like, okay, um, I'm going to explore a deal all the way to the like point one yard line, but I can always say, yeah, I'm not going to do it. And because of that, and when in contracts, what I care about, you've probably heard me say this a dozen times, press has heard me say this a thousand times, I care about my out. What's my out? I'll negotiate this thing all the way to the end. They want 90% of my company? Sure. What's my out?

• 1:15:40Speaker 00

  And going down that road, that is the thing that I think Trump is turning a blind eye to. Putin knows he has an out. He can just say, no, I'm going to negotiate this. I'm going to get you to take tariffs off now so I can get my money back, start stacking some Benjamins, uh, rubles. Uh, yeah. And then in the end, I don't like the terms, fuck you. And so it's like all these like early concessions that he's, he's talked about doing in Iran, that he's doing with Russia. It's like, bro, if you haven't gotten what you wanted yet, doing the concessions just allows them to put the money back in the coffers and then refund the war. So it does not look wise from the outside.

• 1:16:23Speaker 00

  It looks like somebody who really thought they were going to be able to bring this to a close because he thought that people thought like him and they don't. And they're willing to let people die. And unfortunately, Russia has a very long history of going, these are all cells in one body. And of course, to protect the body or make sure that the body is healthy long term, I don't care about any one cell dying. A million of our, uh, citizens? Yeah, that's what they're here for. Russians throw people at the problem. Dude, when you research Stalingrad, it's terrifying. They just threw, I forget how many people died in Stalingrad. It's a lot. And this was like basically a couple of blocks inside of one city. Russia, I, I think it's north of a million.

• 1:17:08Speaker 00

  It might be multiple millions. Imagine that many people dying in one little fucking area. It's crazy. So Russia will keep throwing people at this problem and.

• 1:17:18Speaker 02

  Yeah, Battle of Stalingrad, 1.2 million to 2 million.

• 1:17:22Speaker 00

  Oh my god. Yeah. So buckle up, kids. That's just Stalingrad. So we're nowhere near that in terms of Ukraine, just Russian losses. They got a lot of people.

• 1:17:36Speaker 02

  Um, so it, it's interesting talking about like the out and stuff like that. On one side, I'm looking at Russia, Putin in this situation from his perspective, he doesn't think Britain is really about that life. They're not going to do it. US is not going to do it. He got Trump in his pocket, or at least he has Trump blind to what their troop like without a aggressive viewpoint of him. But then we have the British Army General calling for war, saying we need to like prep up. Do you think there is a possibility for the UK to scale up to meet that Russian like aggression?

• 1:18:10Speaker 00

  Yes. I mean, listen, the, the UK and all of Europe for that matter, if the war spills across their borders, they are doing the things that they would do now to start being prepared militarily. Um, they're not, I don't think they're going to be able to win without the US, but they will certainly start moving in that direction. I think Germany is pretty eager to get on a war footing. This is me thinking through this in real time, but China's basically hollowing out German, uh, manufacturing base. So if your leadership in Germany and you're like, ooh, I'm about to have a lot of blue collar workers with nothing to do, uh, why don't I get them building tanks and airplanes?

• 1:18:51Speaker 00

  And by the way, if part of your national identity is we're like the world's engineers and China is just slapping you around, you start going, hmm, you guys want to see some real deal shit?

• 1:19:04Speaker 00

  About to build some tanks. And every time that Germany gets into that mode, bad things happen. So yeah, I, I would not sleep on Europe's ability to wake up and do some damage because Russia is being stymied right now by Europe in a proxy war with Ukraine. So if they go even harder in the paint, then it's going to get worse for Russia, not better. So, um, yeah, we'll see how that plays out, but.

• 1:19:31Speaker 02

  Yeah, you teased this up at the top of the show. I've been waiting to get to this story. I want to see about the space laser and these space missiles and these.

• 1:19:37Speaker 00

  Okay, hold on, hold on. There's no space lasers or missiles. But, but this is really crazy. The, the real question right now is, is this the beginning of space wars? On October 16th, Russian military satellite Cosmos 2612 fired its thrusters up, pulled alongside of a radar that gives imaging to the Ukraine. So by October 17th, this thing was holding position just three miles away. And one day earlier, it was more than 200 miles away. So it's not like this thing is like, oh, oh, did I just wander into your neighborhood? Wow, crazy. It has burned a ton of fuel to put itself into position.

• 1:20:21Speaker 00

  So, uh, you had in May, there were, uh, five of these satellites that burned fuel to shift into the Ukrainian one's orbital plane. And by the way, it's like owned by a different country, but it gives information to, uh, Ukraine. So it's not technically a Ukrainian satellite, but anyway, uh, it's getting close. And I believe the company that made it is called ICI's. Uh, and so their CEO says the company moved its satellite to get away and then Russia came back. So it's, it's like in the movie where the car does like these erratic maneuvers to see if the car behind them is actually following. Yes, it's actually following them.

• 1:21:00Speaker 00

  Now around October 12th, uh, Cosmos 2612 matched altitude, inclination, uh, and plane again. And then closed from 295 miles to get right up close to these things now. Uh, there's an astronomer named Jonathan McDowell, who says it may be the first rendezvous in low earth orbit between two active satellites where, um, one of the owners did not agree to said meeting. So you've got a Russian satellite that's in fondling distance of a Ukrainian satellite. We're about to see what happens now. ICI's radar sees through clouds and at night. So you can imagine why Ukraine would want to be using that imagery, which has been doing since 2022,

• 1:21:40Speaker 00

  including from, um, a satellite Ukrainians crowdfunded to get up there to help with the war effort. So the US space force said in May that these Russian satellites were parked near a Western radar satellite used by Ukraine for intelligence. So this is something that's been going on for a while. And, uh, Russia's done this before. In 2022, Russian satellites stalked an American spy satellite. And Russia has tested firing a projectile from one of its own spacecraft. Just a test. And by the way, blowing something up where they are would put like space degree and debris in the path of their own satellites. So it's one of those where they'd really have to weigh whether this is a winning strategy for them or not.

• 1:22:23Speaker 00

  But they are testing it to see if they can start taking some of these things offline. And there's no doubt, man, as Elon Musk starts putting more and more stuff in space. As you get more things like Star Shield. So there's been all this debate about Ukraine's access to Starlink. Starlink is different than Star Shield. Now I think Elon is being a little too cute with the way that he talks about this saying, because at the beginning of the war, he was like, basically, we're going to help these guys with Starlink. We're going to make it free. Now he's saying, hey, hey, hey, using Starlink for weapon stuff is actually off limits. And so that's what this whole current skirmish is about. They want Star Shield and they just need to go to the US government for that.

• 1:23:06Speaker 00

  Because SpaceX does not operate that. Starlink does not operate that. That, that is a US government thing. So we'll see, but given Trump's stance on this, I don't think anybody should be confused that they are not in the business of helping, going out of their way anyway, to help Ukraine at this point. Are they actively trying to mess them up? Maybe. It's certainly possible. There's enough smoke there that there certainly could be a fire. So we'll find out, but the space wars are real. I remember in the eighties, the whole idea of Star Wars, Ronald Reagan, it seemed so futuristic and so crazy. But now it's actually literal. We're not blowing things up yet, but it is literal.

• 1:23:46Speaker 00

  Like stalking the, uh, different satellites. I don't know if they can disrupt them or intercept messages. I don't know. I don't know how that works. But they obviously have some reason to want to get up and close, even if only to say, we can touch you. So, yeah, it's going to get weird.

• 1:24:01Speaker 02

  All right, we can get out of these speculative wars in space and get to our current war that's happening in Iran. There has been a mass warning around the Middle East. This is from the Hermes letter. Um, US embassies across the entire Middle East, Israel, Saudi Arabia, Iraq, Lebanon, Jordan, Qatar, Iran, Kuwait, Oman, and the UAE, Yemen, and Iran have all issued new security alerts warning all Americans of severe flight cancellations, airspace closures, and travel disruptions amidst risk of sudden escalation in Yemen and Iran. The alerts warn us that the situation has a potential to escalate rapidly beyond that immediate area.

• 1:24:37Speaker 00

  Yeah. So what we don't know at this point is, are the increased warnings because we're coming towards the midterms? And everybody wants everybody else on edge where the US is expecting Iran to do something? Where the Trump has said many times that basically after the midterms, then, you know, I'm ready to go back to blowing things up. So I don't know if it's just that, or if there's something specific. I know that you've got, um, Saudi Arabia, obviously really trying to pin down some way to defend itself against what the Houthis have been doing. Uh, they've been working with other countries to get involved, uh, to help them protect the attacks that have been going on there. They've got at least 12 people that were killed in the airport attack alone.

• 1:25:20Speaker 00

  More than 300 wounded. It was the deadliest attack on Saudi soil in more than a decade. So these guys are definitely trying to, uh, you know, mount up and get ready. They were launching attacks last week into Yemen. Uh, so I don't know if it's just that and everybody is like, hey, we're on heightened alert. Or if they actually have real intelligence that says, no, no, no, there are things that are about to pop off. So we'll have to keep our eyes peeled on this one right now. Um, it's unclear, but the warnings are widespread. This is only the second time that we've heard this level of alert coming out of the region, or at least the second time it's made my radar. Uh, so it does seem like there's something very specific that has everybody on edge for this level of warning to go out.

• 1:26:05Speaker 02

  Well, we're going to keep posted. I don't know. It's, it's weird because it seems like it's just bubbling. Like it's almost like when you're like simmering, like I was clicking this weekend. So maybe I'm just in that mindset, but the, the top of the pot is starting to shake. Nothing's overflowing yet, but it's like, wait, there's pressure happening literally on the grounds right now across Europe. We forgot we're in a conflict with the Middle East. We have, um, Eastern Europe with Russia, Ukraine bubbling. Asia is still getting constrained by their fuel supply in certain countries. China, of course, is its own thing. US is dealing with its own financial crisis. South America, like it just keeps going and going and stacking and stacking like.

• 1:26:42Speaker 00

  Yeah, I remember there was one show where I was trying to tie all the different aspects of the web together of everything that's going on. And I was like, God damn. Like there's, and also one thing that is really eye opening is when you're hearing about all these conflicts, look at a map and you start seeing, wait a second, there's land routes to most of these places. And you're like, oh shit, like these are way more connected geographically than we realize. There was, I can't remember if I included it in a deep dive or if it was something that we covered here on the live. But, um, there was this guy, I'm forgetting his name right now, who did like this whole breakdown of it is absolutely critical for first the UK and now the US to make sure that there is never a land bridge

• 1:27:25Speaker 00

  between Russia, uh, China, and that whole, um, Eastern European area. Uh, because now you allow them to basically be geographically connected and act as a block. And they would for sure rival Europe and could cause real problems for US allies if nothing else. Uh, but potentially create economic disruption directly in the US. And so this is how you get into, like, one question that everybody should be asking is why is the most dominant navy always been, um, the one who was the global empire? There's so much of the world's connected via land routes. Why is that true? Uh, and it's because they have intentionally stopped them from connecting geographically, uh, over land.

• 1:28:11Speaker 00

  Because they don't want them to act as a unified body. It's very, very interesting.

• 1:28:15Speaker 02

  Yeah, it's definitely something to look out for. Now domestically, there were a couple of breaking news on the economic side. First, we have to talk about the banks. Foreclosure rates are increasing. This is from the unusual whales breaking. Banks are taking back more homes. Lenders repossess 5,794 homes in August, up 42% from a year ago and 22% from July. Per ATTOM, that's far faster than the 13% rise in overall foreclosure filings, meaning more distressed homeowners are reaching the end of the process.

• 1:28:48Speaker 00

  Yeah, this, if you want to know if we've somehow gotten to the other side of our economic woes, unfortunately, the answer is no. We are in a position where we have both an increasing rate in the housing market of distress. You have more houses for sale than you have buyers buy a long shot. If it isn't an all-time gap, it is certainly in like rarified air. It is very, very rare that these are ever going to be this far apart. So just absolutely dire from that perspective. We have more distress showing up in the debt situation with car loans. And so we've got more people defaulting on their home loans. We've got people defaulting on their car loans. It is a

• 1:29:31Speaker 00

  very rough economic time where we're using the stock market as a way to hide the fact that lenders have repossessed 5,794 homes in August. We're using the stock market to hide the fact that we've got all kinds of purchasing declines going on in the like retail space. So right now you've got the cost of gas going up, but like gas stations are selling less and less inside the store. And so you're seeing the shifting of spend away from nice to haves into only your criticals. And so that's going to cause a pullback in the economy. And if that becomes an expectation of a recession,

• 1:30:15Speaker 00

  or if we're not already in one, which I'm convinced we've been in one for years, but as that becomes an expectation, people start pulling back more and more, which then becomes a self fulfilling prophecy. So we're masking a lot of problems that are happening inside the economy. And it will be very interesting to see if these continue to accelerate. But if you guys are watching, we're seeing the jobs numbers constantly reduced down. So clearly, jobs are not going as well as we would like. Inflation is high, obviously, and spending trends are going in the wrong direction. And you couple that with what we're talking about now, and you've got not

• 1:30:56Speaker 00

  only debt defaults rising faster in homeownerships and cars, but you've got questions starting to be put around the AI debt scene almost as a whole. And so now you're finally starting to see the talking heads of the world echo what I've been saying for a while, which is that you've got to recognize that we don't yet know where the value is going to end up in AI. And so if you're expecting that all the value is going to end up in OpenAI and Anthropic, but really, it's all going to flow down to the picks and shovels of who owns the chips, who owns the construction, all of that stuff, the data centers and the like, and all the components that go into them, that could be

• 1:31:41Speaker 00

  massively disruptive to the economy, to the economy as a whole. So you see softening on the retail side. And then from an investor standpoint, you've got question marks around the AI thesis. I won't say as a whole, because nobody is questioning the technology, but people are like, where exactly is the value going to end up being? And so upcoming, you've got the Anthropic IPO and the OpenAI IPO. If either one of those goes poorly, that is a narrative to the

• 1:32:12Speaker 00

  whole market that, hey, this AI train really may be slowing down. And so it was wild watching people look at Anthropic and say, oh, you're the fastest growing company of all time, but you're not growing as fast as you once were. And so now we're not happy. It's crazy, man. The fastest growing company of all time, but you're not growing fast enough. So but there's structural debt to deal with. And that's the problem. And this is why I have been banging the drum at this point for well over a year, that you've got to pay attention to the debt. Debt is what eats the country alive. Debt is what is going to eat these investment companies like CoreWeave. Yeesh.

• 1:32:51Speaker 00

  People are now just talking nakedly. Yeah, CoreWeave might go to zero. Now, if CoreWeave goes to zero, that's a commentary on the way that these data centers are being built out. And that, like history shows, you get way out over your skis trying to do the infrastructure build out of these revolutionary technologies, and the interest on the debt comes back to eat you alive before the revenue catches up. Man, it really is wild. I felt the same thing when I was scaling Quest. It's like, can I really believe in historical trends? Historical trends are just too crazy. Maybe this time it's going to be different. Now, we had it to the upside. Are we really going to double again next month? But when you're building out a technology like this and you look back and

• 1:33:32Speaker 00

  you go, goddamn, every historical revolutionary new technology put us through all these bankruptcies and hurt a lot of people and wiped out so much money. Is it really going to happen to AI? And now people are like, yeah, maybe it's going to happen to AI. So you don't know. You don't know. And nobody, myself most aggressively, should not be arrogant and think, oh, it's obvious.

• 1:33:54Speaker 02

  OpenAI has pushed their IPO back to 2027.

• 1:33:59Speaker 00

  That's just for now. 27 could become 28, could become never. We'll see. I'm not saying that. I'm just saying that, keep in mind, right now would not be a good time for them to IPO. We need to see what goes on with Anthropic. I think Anthropic went back on their roadshow, right?

• 1:34:15Speaker 02

  Anthropic is going for mid-November 2026. Yeah, aiming for 1.5 to $2 trillion.

• 1:34:21Speaker 00

  Bro, if they miss 1.5, or if they set two and get 1.99, not good. Not good. So whatever number they set, they better get, or it's going to be a blow to the narrative. And if they have to set the number too low, or they have to pull out again, not going to be good.

• 1:34:41Speaker 02

  Yeah, I want to jump into the auto loan thing because this surprised me as well. This is again from the usual Wales. America's 1.7 trillion auto loan market is headed for a crash per Reuters. Auto loans are now one of the biggest sources of household debt, bigger than credit cards, and the strain is showing one in five Americans is behind at least on one loan, the highest since 2010. And the average car on the road is now nearly 13 years old, a record.

• 1:35:04Speaker 00

  Yeah. And in 2010, by the way, we were in the depths of the Great Recession. So you don't want to be tying records from the Great Recession.

• 1:35:12Speaker 02

  And I think this is the highest amount of people with auto loans over $1,000 a month, which is like unheard of to me.

• 1:35:19Speaker 00

  Yeah, I mean, that's partly inflation. So take that for, you know, what it is with a grain of salt, but yes.

• 1:35:25Speaker 02

  Yeah. It's just, again, crazy how there's these global economic tensions breaking, but even on the consumer credit debt level, there's a lot of shakiness when it comes of fiscal responsibility there as well.

• 1:35:37Speaker 00

  This is what happens when your economy breaks and you don't have real wages growing faster than you have inflation. People just start using credit cards, take everything on loans. At some point, you just fuck it. Yeah, let's go. And you just debt it to the max. But it comes due. I remember I bought our first house, God, this is so dumb. I bought our first house on an adjustable rate mortgage because I was so convinced, Drew, that I was going to be rich in a few years. And

• 1:36:07Speaker 00

  the crazy thing is, I ended up pulling it off. But now, knowing what I know about the economy and how often people lose that bet, I'm like, oh, God, I never should have done that. So yeah, a lot of people out there making that bet right now.

• 1:36:21Speaker 02

  I was scrolling to pull up the next story, and I just seen on Mario Narwaz's account, Knofal account that Kim Jong-un is reportedly dead. But there's no credible information, none of the news outlets broke it.

• 1:36:35Speaker 00

  This is going to be bullshit.

• 1:36:36Speaker 02

  Yeah, but this is speculation right now. But that is definitely crazy.

• 1:36:39Speaker 00

  I wonder what's going on. That'll be wild. Now, let's run a thought experiment. Let's say that he is dead. Is it going to be better or worse on the other side of that? Because, oh, man, if somehow, some way, this was like their Mao moment, and him dying introduces somebody that's sane, and they go, you know, when you take satellite imagery of North Korea and South Korea together at night, and South Korea is lit up and shows you that their economy is booming, and North Korea looks like one big empty forest, we have a problem. And let's change it. And without having to say that Kim Jong-un was a bad leader, we just go, hey, he would have wanted us to prosper.

• 1:37:22Speaker 00

  Here's a new idea. And let's go do this thing, which is more or less what they did with

• 1:37:30Speaker 00

  The reforms that they did in China. And so that is my hope for what's if he were dead, obviously thought experiment, but if he were dead, that'd be really incredible. Now, unfortunately, so often, things break to the worst and you get some bigger sociopath, but we'll see.

• 1:37:47Speaker 02

  Yeah, it's his daughter that he appointed that's been floating.

• 1:37:50Speaker 00

  Oh, please let her be sane.

• 1:37:52Speaker 02

  So it's like perfect timing because if it was, if it is actually true, then he called her up at the perfect time, but we shall.

• 1:38:00Speaker 00

  How old is she? Do you know?

• 1:38:01Speaker 02

  Oh, she's an adult, but I don't know how much into adulthood.

• 1:38:04Speaker 00

  Please God, don't let her be like 23.

• 1:38:06Speaker 02

  Yeah, I feel she's younger than that, though, to be honest with you.

• 1:38:09Speaker 00

  Fuck all about how the world works. All I've ever known is being rich. I haven't had enough time to see how this, oh, God, maybe that works for us. Maybe she's like, whoa, that's what we're doing? This is insane. Let's reverse course.

• 1:38:22Speaker 02

  And to my brother, his sister, I forgot he had a sister, so there could be.

• 1:38:25Speaker 00

  Wait, is it his sister or his daughter?

• 1:38:27Speaker 02

  His daughter is the one who he passed the crown to. Yeah, yeah, but sisters around, so.

• 1:38:31Speaker 00

  So she might fight.

• 1:38:32Speaker 02

  Yeah, who knows what kind of backwater.

• 1:38:33Speaker 00

  Uh oh, uh oh, you guys watch Game of Thrones?

• 1:38:36Speaker 02

  Yeah, let auntie run it. And then when he get of age, I'll give it back to you, some shit like that. Okay, Elon Musk, world's first trillionaire, richest man in the world is finally.

• 1:38:46Speaker 00

  Also, world's first former trillionaire.

• 1:38:48Speaker 02

  And world's first former trillionaire is realizing he doesn't want to meet the guillotine. So he's giving, he's donating one share of SpaceX stock to every American child in 2027.

• 1:38:58Speaker 00

  That's incredible. And look, you can take a cynical read on it. It's certainly there. But I think this is brilliant, given that we have created an absolutely horrific structure, which makes it so that the only way to dodge inflation is to be invested in the markets. And so seeing more and more of these guys do something that's incredibly meaningful by actually giving shares, I think is incredible. I think the Trump accounts are going to go down in history is a very good thing. I think these guys giving billions of dollars, not just in like bullshit money that ends up doing absolutely nothing, goes to fucking NGOs, gets corrupted out of the system, fuck all that, giving these kids just blanket ownership

• 1:39:43Speaker 00

  of great American companies, I think is awesome. I love to see it. And I much prefer this to the government taking a stake in this because we will eventually get to the point where these guys can trade those shares in the open market. And so if they think you're doing great, they're going to keep them. And if they don't, they're going to sell them. And so now you've got to do something that the American people think is rad. Yes, yes, please. Now, not blind to the fact that this is almost certainly going to lock them up for whatever 20 years, 18 years or whatever. But at the same time, it's going to be almost certainly a pretty small percentage of the total pool. But we'll end up, if these companies grow, this will end up being a very meaningful contribution to kids. This is so rad. This is what like when Bill Gates was

• 1:40:27Speaker 00

  building out his charities, people obviously have feelings about those, but he would actually donate the stock because the stock could go up in value. Whereas if you liquidate, pay tax and then give the money, it's going to get eaten alive by inflation and you're going to take the taxable hit. I don't think you're going to take tax, a taxable, in fact, it would be stupid of the government to do this because they're giving it to the American people. But my instinct is that it can be done in a very tax efficient way. So yeah, this is incredible. I love to see it. More of this, more of this. In the age of AI and the internet, trying to build out public spaces is not the play, which is what they did during the

• 1:41:08Speaker 00

  robber baron era, where actually giving the average person access to a library would have been game changing. But now that's not the play. This is the way. This is awesome. I love this.

• 1:41:19Speaker 02

  Yeah, I think the best thing about this is just the exposure to the stock market at an early age. So hopefully, parents can steward that well with their children. But Dr. James asks a great question in the chat. How is this not inflationary? If every kid is loaded with SpaceX money, how does this not just lead to inflation?

• 1:41:35Speaker 00

  That's actually a really interesting question. So if you think about it this way, that those shares are going to be owned by somebody. And so from that perspective, it isn't new money. He's taking shares that he already owns and he's actually locking those shares up almost certainly for at least, well, I guess it'll be different because some kids, I don't know where he's going to make the age cutoff, but it won't be a full 18 years, which is actually even better because it means that it will slowly dole out into the system. So but there'll be some amount of lockup, which means that that will stop that from turning into cash for a very long time. So from that perspective, it will be less liquid than if they were just trading on the open market. So from an inflation perspective, this won't be inflationary, but it will put more money into more people's hands, which

• 1:42:19Speaker 00

  is exactly what you want. You want a middle class. You want a broad base of Americans. In fact, you want every fucking American to own the stock market. Why? Here is why. We have made a decision, good or bad, you know my feelings, but we have made a decision that we are going to do money by fiat. We are going to inflate the fuck out of everybody. We are going to legitimately steal their money through inflation and we're going to make a system where anybody who does this one kind of simple thing is going to avoid the pain and suffering. And forever, this has been everybody's beef. Fuck you guys

• 1:43:00Speaker 00

  because you understand how the game is played. And so you know that the plebes are going to vote for more free shit, which is going to be inflationary. And that's going to rob directly from them. And you rich assholes are off twirling your mustaches and fucking laughing about it because you guys are all invested. And so you're going to beat the inflation rate and you're probably going to benefit greatly from the growth of American innovation. And so you guys are just getting fucking rich as the day is long. And to use Simon Dixon's word, you're strip mining all these people that don't understand the markets. Fuck you. And so now they're like, okay, you're right. That actually is how the system works. So guess what? We're going to give them equity in these companies. And so now

• 1:43:45Speaker 00

  the more people vote for that strip mining effect, the wealthier they're making American kids. And so now the very thing that has been my beef from the beginning, which is that you guys have created a system where if you're not in the marketplace, everybody else gets fucking robbed blind. And now they're making real the thing I'm saying about Trump. You want to know why I'm not motivated as much by Trump's lunacy and corruption as I am by people that are going for socialism and communism? It's because for him to win, he has to create a system where anybody who plays that same game can win. And so while it clearly isn't being used by enough people, it is a game. Anybody can take what little money they have and start putting it into that market and play that same game. And now

• 1:44:30Speaker 00

  these guys are just like, fuck it. We are the the great American innovators. Elon Musk is not the first. He certainly will not be the last. But you now have the great American innovators going, cool, if I win, you win. Fuck yeah. Dude, this is what I'm talking about. People should be just absolutely thrilled by this. And the fact that people are going to be fucking cynical and they're going to find some reason to hate this is insane. Tie Americans into the success. Tie Americans into the success. Don't just start fucking cutting stimmy checks, which is going to go, it will bring France to America way too fast, where people just have an expectation of give me my shit. Get them in the system. This is awesome.

• 1:45:13Speaker 02

  Get them in the system, get them a part of the stock market. That's the way to ease our tensions and help them not get eaten eaten alive by inflation.

• 1:45:20Speaker 00

  Yes, yes, exactly. Like it's actual wealth. You're giving them actual wealth. Like imagine that SpaceX AI does what Elon thinks it's going to do. And these guys get whatever a share is worth today. What's it worth today? A few hundred bucks?

• 1:45:37Speaker 02

  One thirty-four.

• 1:45:38Speaker 00

  Hundred and thirty-four dollars? Okay, so they've got a hundred and thirty-four dollars in their account. And that's just one. There are plenty of others from the Trump account. There's plenty of others from Brad Gerson and others, a ton of people. Did Larry Ellison? I think Larry Ellison did. You also had the woman who's high up at Apple, I think. So anyway, there's been, or no, maybe it was somebody else from SpaceX. But there've been a bunch of people that are putting in. As they see more people put in, more and more people are going to put in. And so if this goes up 10x, 100x, Jesus, man. And if, because over the next 20 years, how much is the market as a whole going to go up? How much is the technology space going to go up? A fucking lot. And so, yeah, this is awesome. These

• 1:46:20Speaker 00

  kids could graduate with thousands of dollars, tens of thousands of dollars in their account and then have a chance to be like, oh, shit, this is real. Let it ride or I'm going to invest more. But it just gets the ball rolling.

• 1:46:33Speaker 02

  Yeah. And again, visibility and getting them acclimated to the stock market, I think, is the biggest win here. Especially.

• 1:46:40Speaker 00

  This is amazing. This is how you take kids that would have grown up in poverty and graduated with no money to their name whatsoever, now having money. Because some of these guys, I forget which one, if it was the Ellison's or Gerson, or somebody was like, they're giving disproportionately to people in low income neighborhoods. Let's fucking go.

• 1:47:05Speaker 02

  Um, okay, we gotta jump over to Ukraine because they have this crazy drone evacuation that they just recorded. This thing is huge. What they're doing with drones over there needs to be studied.

• 1:47:16Speaker 00

  Is being studied, bro. This is like, every company is sending people over to watch what the fuck is actually working, what's failing. This is unfortunately, war acts as an absolutely unmatchable R and D facility where people get to see what works, what doesn't. Uh, and there's so much tension in the situation to get it right, uh, that you leap forward by decades in terms of what's possible.

• 1:47:43Speaker 02

  Yeah, uh, literally went down, carried him out, hooked him up and got him out of there.

• 1:47:48Speaker 00

  Yeah. If you're not looking at your screen, it's a gigantic drone that's capable of carrying a human being. It lowers basically on top of the wounded person who's laying down, they latch in and then it carries them out. Now, I don't know if we're watching a real evacuation because this guy isn't bloody or anything. Um, but you're certainly watching a test.

• 1:48:05Speaker 02

  Oh, yeah. And then there's a control room in the bottom right corner of other people who actually remote, uh, control the drone.

• 1:48:11Speaker 00

  It's crazy.

• 1:48:12Speaker 02

  As well. I didn't know drones were that big that they can actually carry people like.

• 1:48:15Speaker 00

  Oh, bro, they're, they come bigger than that.

• 1:48:18Speaker 02

  It's, it's a crazy place to be in. Um, with everything that's going on, remember this is the stuff that we were talking about when, um, Ukraine was trying to book a deal with, I want to say it was either Raytheon or Lockheed Martin. And Lockheed Martin or Raytheon said no, because they didn't, they were like worried about their tech being made cheaper and innovated on and things like that.

• 1:48:37Speaker 00

  Yeah, yeah, yeah, yeah.

• 1:48:38Speaker 02

  Ukraine right now is making innovations every day that you could have had access to, but.

• 1:48:41Speaker 00

  Yep. Yeah. I mean, this is one where, um, I was very sad to hear that they didn't just contractually make it so that they got to take advantage of all the technology that's born out of it. Um, but yeah, big companies are going to do dumb shit. That's, that's what they're here for. That's how they get replaced by the, uh, upstart who's like, oh, I see an opportunity here. I am literally watching the gaming industry shoot itself in the face and I'm like, cool, don't do those things. That's now the space for me to step into.

• 1:49:08Speaker 02

  And yeah, and that's just the pushback against, uh, AI, you think?

• 1:49:11Speaker 00

  Well, no, because AI I've embraced with as much aggression as a human can embrace it. Uh, what people are beefing with in the gaming industry is like all of the predatory, uh, gambling loot boxes. Um, going after kids with like gambling, like mechanics, uh, pay to win, that kind of stuff, not give, oh, also the woke vacation, all that. Nope. Hard pass for me. So, uh, fingers crossed that we can leverage that to gain some attention.

• 1:49:40Speaker 02

  Yeah. Um, I feel like that's one of those industries that is starting to push back with AI, but I think it's also embracing AI and like the indie developer way. Do you think that?

• 1:49:49Speaker 00

  Tim Sweeney is going to make this a non-issue. So Tim Sweeney owns Unreal Engine, Tim Sweeney owns Fortnite. Tim Sweeney is the guy that literally, he actually hands on device coded a large amount of Unreal Engine himself, which is I think the most used game engine in the world. And he's saying, hey, kids, guess what? Uh, there is a part of coding, he calls it 70%, that is absolutely useless. Your mind is actually somewhere else. You're working on other problems, but you just got to do this part. And he's like, AI is at the point where it can just take care of that. And so now you can go be creative, solve much harder challenges. And so they are just revamping their entire setup as a company to be AI first.

• 1:50:32Speaker 00

  So, um, Unreal Engine 6 comes out in a couple of years. That's going to be an AI first thing where, uh, you can just plug in with AI. It will be a language that's very easy for AI to read and understand and interact with. Uh, they're even doing stuff now for, I think we're on 5.8, can't remember if we went to 5.9 or not, but Unreal Engine 5.8, 5.9, around there. Uh, and they are making new like MCP protocols and stuff available. So it's much easier to use AI. So it's like, there's all these people that are pushing back on AI. I'll never play an AI game. And he with Fortnite is one of the absolute titans of the industry. And so for him to go AI, the, the odds that people just bounce out of Fortnite and just stop playing it on moral grounds is effectively zero.

• 1:51:17Speaker 00

  And so also, I cannot stress this enough. If you're an entrepreneur and you can hear my voice right now and you're not using AI, you are seeding your market to the person who's going to, because it allows you to be so much faster. It's crazy, man. I, I don't have better words to say other than it, it unlocks your creativity. It still needs you. It's unleashing human creativity. It does not need to feel like AI slop. Use it to do, you're going to put in the same amount of work. You're going to work just as hard, but you're going to go 10 times further, a hundred times further in some cases. And so any company that has deployed AI but holds the AI to human level quality standards will beat AI slop. And will beat companies that are just humans and, and they will beat them viciously.

• 1:52:02Speaker 00

  It is not going to be close. As long as you hold the final product, and this is actually something Tim Sweeney said. All people care about is the end product. And so if your end product is AI slop, people are going to clown on you because it's slop. Not because it was made with AI. And if your end product is fucking awesome, then people are going to go, yeah, I don't care that it was AI. It's legitimately awesome. And this is giving me a glimpse into the people behind it. Because people still want to feel connected to the human that was leveraging the AI. So, oh my God. Anyway, this is so obvious that this was going to happen, that AI is going to be integrated. AI will be integrated out of necessity because people are going to want to keep up with the other people that just go, fuck it.

• 1:52:45Speaker 00

  I'm going to make something awesome and I'm going to use AI to do it. It, it's just, this is one of those things that's so self-evident. Why people think that they will be able to stem this tide is just ridiculous. You guys are all going to implode your own businesses. It's crazy. Will there be like a war that lasts for a year or two? Sure.

• 1:53:04Speaker 00

  On the other side of that is a world that is just AI drenched from top to bottom. So figure it out. Embrace it, use it. Make sure that your outputs are human. That's the key. Don't let them feel like AI bullshit.

• 1:53:20Speaker 02

  Yeah, I feel like with half of our economy resting on it and half of the global economy and the future of all technology, like we're already kind of in bed with this thing. So at this.

• 1:53:31Speaker 00

  No one's going to go, uh, I'll just die of my cancer. Thank you. They're going to go fucking AI the shit out of this, sequence it, do whatever you have to. Uh, people are going to look younger with AI, like that'll be how you reel everybody in because everybody is vain enough and wants to live. Uh, badly enough that they'll take a, all the AI that they can get. That'll start changing the story about what AI is. Uh, and then people that want things to be cheaper are going to say, yeah, I'll take it cheaper and faster. I just don't want AI slop. Cool. No problem. You won't get AI slop. And then there will be pockets of things where it's like, this thing only is interesting to me if for instance, the person took the time to master the brush strokes.

• 1:54:14Speaker 00

  And so yes, there will be some art, for instance, that if it was an AI, uh, printing and paint, that's just not as interesting to me. I only want something that was made with the brush of a human. Cool. It'll be super niche, but those things will exist.

• 1:54:30Speaker 02

  Um, want to kind of do a foregoing look into the markets. Um, oil rallied over the weekend. I want to say it hit 102, um, I want to say.

• 1:54:39Speaker 00

  It's always funny to hear that called rallying. The whole world wants that number to come down, but yes, it went up.

• 1:54:45Speaker 02

  Yeah, uh, up, up 10% um, with news of the straight getting friction and closing and stuff like that.

• 1:54:51Speaker 00

  Yeah, the, the warnings across the entire region, 11 countries. Don't worry, nothing to see here, but Jesus Christ, don't, don't leave your house. Uh, make sure you're, if you're leaving, leave now. Yeah.

• 1:55:01Speaker 02

  We had some pullback though in gold and of course some in Bitcoin as well. Are you, you're still big on Bitcoin? I feel like Bitcoin has been sideways for like the last six months.

• 1:55:10Speaker 00

  I, I have long prayed for Bitcoin to become boring. So I want Bitcoin to act as essentially decentralized gold. It has its place. I don't like it trading like a tech stock. I want, I want it to just find whatever its equilibrium is going to be and just be there. Yay. Uh, so that, that's what I'm hoping and praying for. Um, I don't look at it as like this super volatile. It still is, but I want it to become less and less volatile over time. So for me, there's no distress over, uh, Bitcoin chopping sideways. I just don't want anybody to be able to confiscate my gold. I mean, look, the government can always do it, but, um, you could take me and wrench attack me. I wouldn't be able to help you. I don't fucking know.

• 1:55:54Speaker 00

  Uh, I can't by myself access my crypto. So it's like, you got to multi-sign all that shit and yeah, so minus the government, good luck. Like break as many bones as you want. I'm still going to be like, motherfucker, I cannot help you. So, uh, that's where I'm looking for this stuff to pan out.

• 1:56:14Speaker 02

  And last thing, strategy, Michael Sales company was recently de-listed from the Nasdaq 100. They wanted to recalibrate like Bitcoin treasury companies and things like that. Do you have any beef or anything with those companies that were bait, like that were betting on a volatile Bitcoin?

• 1:56:29Speaker 00

  I mean, listen, they, I think they should be able to exist, but I think people need to understand, um, what that does if you're a trader. That you're putting yourself in a very high risk situation. You might as well be in, uh, Vegas gambling, like this stuff is legitimate gambling. Also, there's like people that understand how to manipulate those markets at least briefly. So yeah, I, uh, I would advise people not to do it, but whatever.

• 1:56:56Speaker 02

  Yeah. Cool. All right. We have one final super chat.

• 1:57:01Speaker 00

  Let's go.

• 1:57:02Speaker 02

  Uh, I love it. We got two. So first one is from Brutus Lugo. What's up Brutus?

• 1:57:06Speaker 00

  What's up Brutus?

• 1:57:07Speaker 02

  James, five, one through four. Now, listen, you rich people weep and wail because of the misery that is coming on you. Your wealth has rotted and malls has eaten your clothes. Your gold and silver are corroded. Read the rest. Seems pretty socialist.

• 1:57:20Speaker 00

  So, uh, I will read the rest. What I find is interesting. So when you dig into these things, uh, which I have done very, very little. So this is one I could not, uh, more aggressively state. I'm very open to finding that my current mental map of, uh, Jesus and the Christian take on wealth to be wrong, no worries. Uh, my current take goes something like this. If you are corrupt in your dealings with money, therein lies a problem.

• 1:57:51Speaker 00

  If you are being honorable, if you're trading according to the laws, then yeah, do your thing. Render unto Caesar what is Caesar's, render unto God what is God's. So I don't think this is somebody who's saying that money by its very nature is somehow evil. That would be, first of all, a shocking amount of economic illiteracy coming out of something that has lasted for thousands of years. So I doubt very much that's the case. And my gut instinct is that the deeper I go, the more I'm going to find that this is somebody who's appealing to morality, to do a thing that is clearly effective, but to do it honorably.

• 1:58:31Speaker 00

  And it's a call for that. Also, you'll hear people say things like, well, Christianity just teaches you to be a pacifist. But then I have a hard time reconciling that. Doesn't Jesus take a whip into the temple to whip the moneylenders and shit?

• 1:58:49Speaker 02

  Flips the tables, yeah.

• 1:58:50Speaker 00

  Doesn't sound very pacifist to me. Does he take a whip? That's my very specific question.

• 1:58:56Speaker 02

  A whip was acquired. He didn't like grab his whip and go to the church.

• 1:59:00Speaker 00

  Does he whip anybody? Does he whip a table? Does he break something?

• 1:59:02Speaker 02

  Goes into the table, flips the tables, and then starts whipping people. But it's assumed that...

• 1:59:06Speaker 00

  Ayo! It's my mans. He's saying, listen, there's a time, there's a time for the whip, and there's a time for the turn the other cheek. Also, if my current mental map is accurate, the whole turn the cheek thing in context was a sign of somebody trying to strike you not to do damage, but to offend you, to humiliate you. And so it isn't just let somebody punch you in the fucking face. And then there's a time where one of the apostles pulls out a sword. So actually, let me finish that first thing. So the turn the other cheek means if somebody offends you, let them offend you in the other direction as well. Don't be a fool and take the bait. And then if I'm not mistaken, one of the apostles pulls a sword, Peter, and he chastises him for pulling the sword.

• 1:59:49Speaker 02

  Cuts off somebody's ear. Jesus heals the guy and says, Peter, don't do that.

• 1:59:53Speaker 00

  Okay. And tells Peter not discard your sword, but instead says sheath your sword, meaning put it back on your hip. And also, doesn't Jesus at one point tell people, like, even if you have to sell your robe, get a sword? It's something like that.

• 2:00:06Speaker 02

  Yes, I think that one is often taking times, like, take it out of context.

• 2:00:10Speaker 00

  I could, I almost certainly am doing that since I don't know the context at all. But nonetheless, isn't like, never have a weapon. So anyway, Brutus, I will happily look deeper into that. At some point, right now, I'm not heavily on that arc. But I certainly concede the point that I don't have enough context to know if I'm right about that. But I do have a mental map that would disagree with that current stance. So anyway, we'll see in the fullness of time if we can get me to explore Christianity more deeply.

• 2:00:40Speaker 02

  At the bottom of James, though, and it's interesting that he uses James, James gives his definition. He says, true and undefiled religion is helping widows and orphans. So if you can minimize everything from Christianity, it's not about conquest, it's not about family values, it's helping those who are the most vulnerable in society. I guess that's maybe what Brutus is trying to say.

• 2:00:59Speaker 00

  And if socialism actually did that, I'd be here for it. But socialism doesn't starve those people to death. So, bummer.

• 2:01:08Speaker 02

  There's that. RBGH fam says, doesn't 401ks already tie people to the success of venture capital via printing and inflation?

• 2:01:17Speaker 00

  It does, but when you look at the amount that people have in their 401ks, it's an absolute pittance. So the fact that the, and even if you look at it, is these guys are just donating to your 401k. Okay, cool. It's a 401k for kids. Great. The more that we have more people tied into more equity in the markets, the better.

• 2:01:38Speaker 02

  And Luke Adam Miller said, Tom's Jews predate modern categories of religion, race, and nationality. Characterizing them as a people makes sense. See Israeli politicians, diplomat, and academic E. Not Wolf on Jews are a people for a full explanation. Cheers.

• 2:01:53Speaker 00

  Okay. Luke Adam Miller, I see you. And the funny thing was, when I read that, I was like, okay, anybody who knows this history well enough, because I think he's referencing, when I said, if I can get you to agree that European Jews are white passing, I think that's what he's referencing. And if he is, when I said it, I was like, anybody that really knows this history is going to be like, wait a second, fair enough, you're right. And Jews also create a problem for themselves, certainly historically, in the way that they are always standing apart from the dominant culture. It's part of their like whole shtick. It's also what, part of what makes them so effective. But yes, and I also think that

• 2:02:40Speaker 00

  in an American context, I can't speak to other parts of Europe, but they really have made historical attempts to integrate deeply, that that was a big part of, I don't know if it was before or after, probably before, that they really tried to integrate prior to World War II. So that one's a bit of a mixed bag. I concede your point. They do see themselves as a people. So you could say that they're in modern parlance, a race. And yes, there's going to be a growing need for people to understand the whole idea that nationality is not the only way to see the world, and that a lot of, like, the problems in the Middle East, for instance, are that people do not see themselves as nation first,

• 2:03:23Speaker 00

  unless you're going to say nation of Islam, and that they would much more rapidly identify as like Sunni or Shia than they would Saudi or Iraqi, for instance.

• 2:03:35Speaker 02

  Nice.

• 2:03:36Speaker 00

  All true. All true.

• 2:03:38Speaker 02

  There's all the super chats.

• 2:03:39Speaker 00

  All right. All right, everybody. We've got a next AI masterclass coming up Thursday, November 5th at 1:00 PM. These things are, I think they're so useful. If you guys want to know how to start a business using AI, I'm going to walk you through it step by step. It's free. So come join me. Learn the latest and greatest in AI, how you can deploy it against building a company. I want you guys to leverage this stuff. I am a big believer in entrepreneurs. So again, it's free. Come join me Thursday, November 5th, 1:00 PM Pacific. Link is in the description to sign up. All right, guys. We will see you on Wednesday. Love you bunches. Take care. Until next time, my friends. Be legendary. Take care. Peace. Let's talk about a pattern that is guaranteed to be killing your progress. You know what

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