Japan’s $35 Trillion Meltdown, US Debt Nightmare & The AI Lifeline | Tom Bilyeu Show

ITU: Ready to break through your biggest business bottleneck? Apply to work with me 1:1 - https://impacttheory.co/SCALE Sign up for my AI Masterclass: https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social https://tombilyeu.com/ai-masterclass?utm_campaign=TBS-Livestream&utm_source=youtube&utm_medium=social Welcome back to Impact Theory with Tom Bilyeu! In today’s episode, Tom dives deep into the escalating global tensions—unpacking how the strengthening alliance between Russia, China, and Iran is pushing the world closer to widespread conflict, while warning about the dangerous unraveling of old world orders. Tom explores the alarming parallels between our current trajectory and the events that led up to World War II, explains the high-stakes reality of bomb-based diplomacy in Iran, and examines the financial fallout in the U. S. and Japanese bond markets. Beyond geopolitics, Tom and the team address timely topics including America’s struggle to sell war to a skeptical public, the risks and realities of mass economic enlistment, and the nuanced debate over America’s role in the Middle East and Israel’s influence on U. S. foreign policy. The conversation also branches out to cover game-changing innovations in tech, the chaos in public safety in America’s cities, and the existential economic challenges facing the globe. Get ready for a thought-provoking episode packed with headline-grabbing stories, historical context, informed analysis, and actionable insights—all designed to equip you to thrive in an era defined by volatility, ambiguity, and rapid change. Buckle up, and let’s dive into the complexities shaping tomorrow’s world. Sponsors: Tailor Brands: Check out Tailor Brands to get started with your business today: https://bit.ly/TailorBrandsSept Quince: Free shipping and 365-day returns at https://quince.com/impactpod ElevenLabs: Book your demo at https://elevenlabs.io/impactpod Butcherbox: Go to https://ButcherBox.com/IMPACT https://butcherbox.com/IMPACT to get $20 off your first box, plus your choice of free ribeye, new york strip, or filet mignon in every box for a year — with free shipping always Quo: ​​Try for free PLUS get 20% off your first 6 months at https://quo.com/impact Shopify: Sign up for your free trial period at https://shopify.com/impact Netsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory https://netsuite.ai/Theory. 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 Pique: 20% off at https://piquelife.com/impact See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

• 0:00Speaker 00

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  Their dashboard tracks what comes next based on what your business actually needs. So EIN number, registered agent, licenses and permits, bookkeeping, business banking. I tell every founder the same thing. Just make it official. Click the link in the show notes to check out Tailor Brands and get started on your business today. This is a paid advertisement. Good morning, everybody. Welcome to another episode of the Tom, Bill, you show live. Ooh, buddy, things are starting to get weird. But before we get to that, everybody, it is Drew's birthday. Let's go, everybody. There it is. Come on, 54. Who would believe it? We gotta keep that going. Just as a reminder, everybody, that is a lie. But whatever you repeat, people believe. Boy, is that distressing, but nonetheless true.

• 1:30Speaker 00

  Speaking of things that are very distressing, the Russia-China-Iran love triangle is getting more dangerous than people realize. We're going to go into the details on that and how this could get wider. And that is going to matter as we are back now to bomb-based diplomacy in Iran as both sides are shooting at each other again, and there's no off-ramp in sight. What that's going to mean, we're going to dive into. Scott Beson wants the world to believe that the Iranian regime is already dead, but the situation with the US bond market is worse than people think. So he's fighting two wars at once, three, if you count Japan. What's going on in the US bond market is absolutely wild, and it's going to make things

• 2:14Speaker 00

  worse than I think people are really beginning to put together. And on top of that, if you guys were paying attention to localish news, all hell broke loose when a woman started stabbing people in Times Square. And the ending to that story is crazy. And it was all captured on film. We're going to take a look at it. All right, shout out to Tailor Brands. These guys are amazing. I'm so grateful for them being involved with Impact Theory University, given that we talk a lot about entrepreneurship at ITU, and these guys are helping people actually launch companies. So if you want to turn your business into an easy process, Tailor Brands is there for you. They make it so much simpler by helping to handle the administrative pieces so that

• 2:57Speaker 00

  you guys can actually focus on your actual business, which is the key. So shout out to those guys. Thank you so much for supporting us today. You can file your LLC with them in just a few clicks online to establish that business structure. So whether you need an EIN number or all the other stuff, they got you. All right, so let's get right into it. What is going on between Russia and Iran is starting to get really dangerous. So I want you guys to imagine that you're trying to kill a pest, but someone else is feeding and helping them, and it becomes just a lot harder to get rid of that pest when you've got somebody on the outside that just keeps aiding and abetting them. Now imagine that you start getting angry with the person that is helping them out.

• 3:42Speaker 00

  At what point do you turn to that person directly and start confronting them as well? At what point does just your ability to deal with the pest force you to do that? So hold that in your mind as we explore what's going on. Because right now Vladimir Putin is making big promises to the Iranian president about supplying Iran with the goods that it needs to keep fighting this war. Putin was saying that he admires the resilience of the Iranian government. And if you want to know how regional wars spread into something bigger, it starts exactly like this, when people start making military alliances during active conflicts. If you guys know what happened during World War II, remember the US wasn't involved at all.

• 4:25Speaker 00

  You've got obviously Europe completely embroiled in what's shaking out over there. You've got Japan doing its imperialistic thing into China, but the US is pretty chill. US, Europe, they're all selling oil into Japan. But once you get an alignment between Japan and Germany, now all of a sudden, the US and Europe go, hold on a second, this is actually just one big conflict. Okay? Keep that statement in mind. This is all just one big conflict. That's how we ended up in World War II. So we end up doing what? Sanctions, everybody. We start sanctioning the shit out of Japan, and we say, hey, easy there, guys. This is all now one big conflict.

• 5:09Speaker 00

  We're not here for that, so we're going to cut off your access to oil. That puts them into a spiral of feeling like, oh, we're weaker than we thought we were because we only have whatever, I think they thought they had about 18 months of oil left. So Japan goes, we've really got to press the advantage. So what do they do? They bomb Pearl Harbor, and now the US enters World War II, and it becomes an obvious unified global conflict. So right now, we've got war popping off between Russia and Ukraine. We've got Europe, the US, and others helping Ukraine fight that fight. We've got the US at war with Iran, and now you've got Russia-China coming together with

• 5:53Speaker 00

  Iran to say, hey, we've got you guys, don't be tense. And at what point does this have that spillover effect where those alliances make people realize that this is all one big connected war? That is the risk that's at play. Because when you think about how high the stakes are, the recent public exchange of flatteries between Russia and Iran happened at the 25th Annual Summit of the Shanghai Cooperation Organization. So as Russia is gushing over how great Iran is and how they want to make sure that they can keep helping them, this is all happening at a gathering where Xi Jinping, Putin, Narendra

• 6:32Speaker 00

  Modi, and other members signed the Besseck Declaration, which is a joint statement condemning the US and Israel for going to war with Iran and putting all the Western sanctions on the member states. So I don't know about you guys, but this is starting to have way too many similar vibes to how the world started taking sides during World War II. So I think that it is hard for a lot of people to understand just how profoundly the world order has already changed, that these alliances are beginning to become more firm, that America is in a weakened state, that China economically is in a weakened state, that countries become

• 7:14Speaker 00

  their most dangerous when they're in a weakened state. And now, eventually, as different countries start aligning with one side or the other, that's going to put more and more diplomatic, at a minimum, pressure on the US and China to begin addressing each other directly. And as the world begins dividing up between the two big choices. So Cold War, we have a big choice between essentially capitalism and communism, between the US and Russia. And now we're running into freedom versus authoritarian, and people are going to begin to align with one or the other.

• 7:56Speaker 00

  And as those alignments happen, then we're going to have to figure out what is the geographical boundaries that we're going to draw. And so that's where all of this is just going to continue to push the US and China towards conflict. And we should all be very paranoid about exactly how that's going to play out, what all of that is going to mean, especially as the US begins to hammer not only Iran militarily, but now economically through secondary sanctions. Because when you think about the relationship between China and Iran, China buys roughly 90% of Iran's oil. So when you've got Beson saying, hey, we've got all these new sanctions targeting nearly

• 8:40Speaker 00

  60 firms, individuals, vessels, all tied to Iran's oil, nuclear, missile, and cyber networks. And have name checked China telling them not to test US resolve. You see how this stuff just slowly creeps into something that one just forces people deeper into their camps and makes it less likely that people will be emotionally prepared to do this through diplomacy. And that's where reminding us all that we're having a biological experience, that the leaders fighting these wars are not rational actors. They are emotional creatures that will do things out of spite. Look at what's going on in Canada. That is like the ultimate example of somebody who's acting like a petulant child,

• 9:23Speaker 00

  even though they're in no economic position to do so, but they're still doing it. Because now what they see is, ah, we've got two big daddies that we can choose between. And I'm going to leverage that to not pit them against each other, but I'm going to use it as a negotiating tactic to make sure that I'm getting the best deal that I can, which is then going to trigger more feelings, which is going to cause people to act in more emotional ways, which is going to dial up the tension and the heat in this conflict, which is already threatening to become one big conflict. And when you start looking at the markets and seeing how all of this is playing out, then you start understanding how this kind of thing could get increasingly dangerous.

• 10:05Speaker 00

  So especially now, when you look at the fact that we've returned to the kinetic war with Iran. And you're in this like sort of gangland tit for tat strategy where it's like, well, we, we're only striking you. So is the US because you attempted to lay more mines. And then Iran goes, well, hold on a second. If you're going to strike us, then we're going to strike you and Jordan and any other bases that we can reach. And then we go, hey, you just struck our bases. You've killed people there before, so we're going to hit you even harder, which then is going to make Iran go, hold on a second. You guys are hitting us now. We're just going to keep hitting you back. And so it becomes this completely destabilizing thing,

• 10:44Speaker 00

  given that all of the diplomatic avenues between the US and Iran have proven to be completely fruitless. And so all of that looms as we go back to the kinetic strikes. We promise and are delivering on more economic sanctions. And Besen is trying to calm our own markets and not being able to do so. So this global order changing, countries aligning with behind either the US or China creates a level of global risk that I don't think people are accurately mapping.

• 11:23Speaker 00

  And it has now worked its way into the financial sector as well as just actual bombs being dropped. And so there are very few places left to be unaffected by what's going on.

• 11:37Speaker 00

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• 14:50Speaker 00

  Thanks for sticking around. Let's get right back into the action.

• 14:54Speaker 01

  I think a lot of people feel vindicated in this because we always talk about how this was a proxy war and how Iran is connected to so many other people. And this is a much bigger war than just what's happening in the street. And now Putin has kind of come out and said it directly. There's also reports they had a secret weapons program that they've been working on this whole time. So from America's perspective, with Russia actively backing Iran at this point, do they warrant a response? Do we ramp up our efforts in Ukraine to help Zelensky take them out? What should be the response now that Russia kind of put stepped into the chat at this point?

• 15:31Speaker 00

  At this point, you really have to play out the anaconda strategy and see what happens in Iran. There's a reason that people fight proxy battles is you want to be able to settle the issue without this escalating to direct conflict between the US and Russia or between China and the US. I mean, maybe Russia is just perfectly happy to keep shooting at people, but I don't think China does. China is running a very different strategy, which is anything that can be done administratively, anything that you can win through patience. They'll play that game first. And so the question is, how much has the implosion of the housing market in China put them under a ticking clock where demographically, because they have huge demographic problems.

• 16:16Speaker 00

  And, and by that, I mean that they're, they're inverting. They are becoming that upside down pyramid where they have far more old people to take care of and not enough young people to do it. And when you couple that with a housing market that has collapsed, you now have all the old people that were expecting to retire on all the money that they had put together in the housing market. And poof, that goes away because of the just unimaginable. I forget how many trillions of dollars have been obliterated through the downturn in the housing market, but it's a lot. So you've got them going, oh my God, how are we going to take care of this? We've got a demographic ticking time bomb. And then we also just are in bad shape economically right now. Our growth rate has been declining for a while.

• 17:00Speaker 00

  And so we're on borrowed time in terms of being able to continue to leverage the strength that we have. Also, as the US begins more protectionist philosophies, that's going to put more pressure on China. Now, how far the secondary sanctions are going to go? That is a big question. And I keep looking at Canada for us to figure out how many people are going to fold as we say, okay, you guys have to get in line. You've got to choose, there's going to be economic violence as, I think financial violence was actually the exact quote from Besen. So are there enough other countries that can weather that storm? And then feel compelled to team up more with China so that China can begin to diversify away from the US

• 17:43Speaker 00

  as the US begins to become more protectionist, begins doing more manufacturing at home of the things that China's been exporting to us historically. So those are all unanswered questions, but to get back to the, the exact thing that you asked. So the US needs to finish the job in Iran. So they've got to go in and see if they can actually break the back of the Iranian regime. The answer to that question is going to reverberate massively. If the US is actually able to break the back of Iran, that Iran folds before the midterms, then you've got Trump going into the midterms with a position of strength. He may still lose the House and the Senate, but he's in a much better position

• 18:27Speaker 00

  because he's just going to do everything by EO. And if he's able to ride on the back of, listen, you guys didn't believe in what I was doing in Iran, but look, that played out well, we finally broke them. They don't have a nuclear program. Their people rose up and now they're, the IRGC is out of power. And you can see that's trending in the right direction. If though, it doesn't work and we're just in this at never ending back and forth tit for tat. More Americans start dying. There doesn't seem to be any end to the conflict there from a military perspective. And so we're seeing bloodshed everywhere. That is going to put Trump in a much, much weaker position.

• 19:06Speaker 00

  People around the world are going to keep getting behind this narrative of this is an immoral war. You should not be doing this. And it becomes the lead narrative about Israel being a just completely immoral monster on the world stage. The US is proving that they're aligned with that immoral monster. In fact, look at what they've done to the Iranian people. Are they not also just an immoral monster? And so you'll get more things like what's happening with Canada playing out, where people aren't doing what's in their economic best interests because they're marching to the tune of a narrative that says, hey, you know, we're willing to suffer some of a weakened economy

• 19:51Speaker 00

  to be on the right side of history. And so if that narrative ends up really continuing to spread, then America becomes more and more isolated and you find that people move away from the dollar in an increased fashion. And that is a very weak position and it becomes like what happened to the British Empire. And so I don't know how many people alive actually can map how powerful the British Empire used to be and how they're like a shrug of the shoulders now on the world stage. It's like, whatever, nobody really cares what the British think. They don't have a lot of weapons in their toolkit other than, and this risks a fractal, but the one weapon that they have is being incredibly shrewd bankers.

• 20:34Speaker 00

  And so they'll extract and the whole London of it all in terms of London as a center for some of the most abusive banking policies, extractive banking policies.

• 20:50Speaker 00

  If that becomes the final play of the banking elite are like, okay, US is just getting weak and you just go in and like scoop everything up that you can by leveraging the turn to the left and the cry for more socialist policies as a way for the bankers to go, okay, sure, yes, keep voting for more deficits because we'll inflate our way out of this and we'll just take it all. And it's so maddening to see that that is like the elite stance in the background of we're agnostic because we understand how money works. You guys don't. And so you're voting for dumb shit that will make you an economic backwater. You will shoot yourself in the foot. Those policies don't work anywhere that they're tried and we know how to take everything

• 21:35Speaker 00

  from you as you run the playbook. It's so wild, man.

• 21:38Speaker 01

  It's crazy. The Jerusalem Post had a very interesting article I want to talk about really quick that aligns with this. They titled it economic enlistment for indebted military age Americans. The narrative war on the domestic American front has already failed. The Pentagon has not been able to sell this war to the American public because the war has been rhetorically fused with Israel's operations in Gaza and the American public projects a fusion.

• 22:00Speaker 00

  Yeah.

• 22:00Speaker 01

  Recruitment numbers are running below what a ground invasion of Iran would require. Estimates for a successful ground campaign against Iran's 31 provincial commands and its mosaic event stocks should run between 750,000 and 1.5 million American troops. The current active US military stands at roughly 452,000. The math does not work, obviously. Based on American history, however, there's a path forward, not conscription or draft in a world, in a world war era sense, but enlistment through a debt forgiveness program. The average American aged 18 to 34 carries more than 40,000 in non-mortgage debt across student loans, credit card balances, auto loans and personal loans, and with some estimates goes as high as 100,000. This is the cohort the Pentagon needs. A federally administered debt forgiveness enlistment program that fully discharges student

• 22:42Speaker 01

  loan debt, credit, credit card and loan balances after 24 to 36 months of service and extends the GI Bill, which would produce voluntary enlistment at scale. This is not theoretical. It is the American state doing what the American state has always done when it needed staff it cannot otherwise generate. World War II offered the GI Bill, Vietnam offered college deferments, the post nine 11 wars offered signing bonuses and citizenship pathways. The Iran war will need to offer debt relief. The economics of indebted American 20 and 30 something makes this the most efficient conversion mechanism available to the Pentagon and the Trump administration. The moral reading on this is uncomfortable, but states generate the soldiers they need through the incentives to work on the population they have. So to me, is this a silver bullet that can kill two birds with one stone?

• 23:22Speaker 01

  You go to Iran, you wipe out a bunch of people, you win the war, then you come back and you just give 1.2, 1.5 million Americans free mortgages, interest free mortgages, things like that, backed by the US government that is already, that's coming out of the military budget, which is already propped up to 1.5 trillion after the big beautiful bill. So it's like, could this be something that works?

• 23:46Speaker 00

  It's actually a brilliant idea. It's not going to be necessary because the US is not going to do a ground invasion in Iran. I think that the Trump administration is making their play very clear. And the timing of all this is we lead up to the midterms, unless Trump won and was able to hold a majority, and even then I'm not sure that it would work. The, the reality is Trump isn't going to have the ability to wage a prolonged ground war because for that he's going to have to get permission from Congress and they're not going to give it. Certainly if he loses the midterms, which is historically just always happens. And right now there's nothing on Trump's side that will tell you that he's likely to win.

• 24:27Speaker 00

  The markets have already shifted and said it's 55% or something like that likelihood that he loses both the House and the Senate. Also, Trump is not showing any appetite for putting troops on the ground. He's done the bombastic thing like, yeah, maybe we'll go take this, that or the other. But his, his play right now, and this is going to be the one that carries him, I mean, it's four to six months, if this is going to work at least, which is the anaconda strategy. Again, this is me quoting Victor Davis Hansen, but I think he's right. You've got the kinetic strikes when they're necessary, followed by the economic sanctions directly on them and the secondary sanctions. They're going to try to run that playbook and a big part of that playbook is this takes time.

• 25:10Speaker 00

  So Besson's whole quote is we've already chopped the head off the snake and the body still twitches, it's going to twitch for a while, but they are already dead. And so when you look at the level of inflation and things that are happening in Iran, he's right, like they really are under a lot of pressure. But the question becomes, given all the different release valves that you have in the form of support from China, support from Russia, you begin to realize that there's a fascinating dynamic at play, which is you've got, Russia is supplying Iran the things that they need to keep fighting. You've got China, which buys roughly 90% of their oil, saying, we're going to completely ignore the sanctions that the US is trying to put on us.

• 25:54Speaker 00

  So if we want to buy that oil, we're going to buy that oil. And so the only thing stopping that is the blockade in, out in the water. And so you're in a position where that's a question, but it's possible that China's basically able to pay for Iran to stay in the fight. And so if those release valves are enough to keep Iran afloat, they are certainly willing to impoverish their people. They've been doing that for a very long time. And if they're willing to limp along to get Trump out of office, which they have stated not, they've, they've not hinted at it. They've said directly, we're just going to outweigh Trump.

• 26:36Speaker 00

  And as soon as he gets out of office, especially because there's so much energy behind this narrative, that Israel is like the great evil empire and the mere fact that we are aligned with them is deeply problematic and we need to get out of this. And this is something that Israel just drug us into. You can expect that whatever gets voted into office in 2028, Republican or Democrat, they won't get into office unless they completely reject the relationship with Israel in all meaningful ways. So now Iran's like, yeah, cool. Like we're going to be fine. We've got the, you have us in a chokehold, there's no doubt about that, but you haven't cut the blood supply off to our brains.

• 27:20Speaker 00

  So we can sip just enough oxygen to keep going. It's not fun to be choked, but it's not going to kill us. And so everything sort of hinges on that. Now, because of all of that, despite how brilliant a strategy this would be to get people in, because we are going to have to do debt forgiveness of some kind. An idea that I put forward is at least allowing students to declare bankruptcy, to get out from under their student debt. I still think that's the most moral way to deal with this, but you absolutely have to let them get out of that debt somehow, some way to force discipline inside the banking sector. But this is another way. And so if somebody's going to go fight for their country, it'd be great. It just, they're not going to call people up like that.

• 28:02Speaker 00

  This is going to remain an economic battle with this sort of lobbying things at a distance situation. Now, right now, the US is claiming that they have new types of, call it laser energy weapons that are going to allow them to knock drones down for pennies on the dollar. And if that's true, then they're in a much better situation than they otherwise would have been. And so it's possible that despite the non-concur, which the generals are now coming out and saying, look, the non-concur thing, yes, it's formal, but the media is making a bigger deal of this than it should be. This is something that happens all the time. Hake Seth has seen a ton of these things and he will see a ton more in the future.

• 28:44Speaker 00

  It's basically us just having a method of being able to give them feedback. So all of the like, you know, this is like some big thing and this indicates that we're in a crisis. The, the sort of back channel word is that's not necessarily the read. We're just trying to tell them, you gotta be careful. There's not enough weapons to go around. So if this solves that to some degree, though, right now I'd say it's largely untested, then that's more fodder in the camp of there's just not going to put boots on the ground.

• 29:11Speaker 01

  Yeah. You brought up Scott Besson's comments earlier. I want to bring up what he said in front of people.

• 29:16Speaker 02

  Iran reminds me of when I was a kid in South Carolina, we lived near a swamp. And as a result, we'd end up with a lot of poisoned snakes in our yard. And you would take either a rake or a machete or a paddle from a boat and you'd cut the head off. But the snake, the tail kept wiggling and you had to bury the head of the snake because the head of the snake was still poisonous and there was venom there. So we are burying the head of the Iranian snake. The snake doesn't know it's dead yet, but it will stop wiggling when the sun goes down. And so the Iranian regime, they are demised and they will figure it out.

• 30:01Speaker 02

  Secretary Scott Besen.

• 30:02Speaker 00

  This is one of those things, man. Where's Churchill when you need him? I get what he's trying to get to. One, America really has to be careful of just not being arrogant. This is a very high risk moment. I understand that we're trying to project strength. We're trying to let people know, hey, look, this is already done and dusted. You're on the right side if you're with us. But if you're going to do that, you've got to sell the story in a far more compelling fashion. You've got to really get people to believe in America, and that is the problem. The whole thing that Churchill was trying to do was get the Brits to believe in themselves, to say that acquiescence is not in the British character. This is not what we stand for. We're not going to let anybody bully us. We are going to stand up and fight.

• 30:46Speaker 00

  And the, the hard thing is that right now, America doesn't have a unified belief in itself. And we don't have a leader that is capable of unifying us under their charisma, their passion for the country, their sense of like, I'm willing to lead us no matter what it takes. And listen, all the corruption in the world doesn't mean that what Vladimir Zelensky did at the beginning of that war wasn't exactly the kind of beat that you need when you're in this kind of crisis where you have to show the kind of leadership that makes people want to slot in behind you. And while mega enthusiasts do seem very prepared to slot in behind Trump,

• 31:28Speaker 00

  I still think that he's coasting at this point on the energy that he was able to bring to the party in, say, 2015, when it was like, it felt like a breath of, breath of fresh air, where it felt like the US was just careening to the left and somebody came in and was able to capture the resentment of people who felt like they were being looked over, that they were sort of being shoved aside, this whole idea that they were just a bunch of deplorables. And he gave voice to that, but that's not what's really playing out right now. So what's playing out right now is somebody that says just a ton of unhinged shit that makes it very difficult to stand with him, somebody that seems very good at creating a financial outcome for the people at the top of the K,

• 32:11Speaker 00

  somebody who's saying a lot of things about bringing manufacturing back, but not enough has happened there to actually get the economy growing again. And so there's, there just isn't that galvanizing force that is getting people

• 32:26Speaker 00

  to really feel in their gut that America is right, America is just, this is exactly what we should be doing. And if you can't get that, you're in real trouble. You're in real trouble because you don't have the will of the people behind you. And that's exactly what the world is counting on, is that China is like, never interrupt your enemy while they're making a mistake. These guys are tearing themselves apart from the inside. There's all kinds of informational warfare happening inside the country.

• 32:56Speaker 00

  Some of it just launched by people in the US who don't agree with what's going on. Others being launched by China, by Russia, by Iran, to create these propaganda campaigns, which are far easier to spread, given the algorithmic realities of our daily lives. So this is a time where, while I understand the strategy that Besen is running, and Lord knows that I hope that it works, the reality is we have to make the moral case for this fight. And so far, we've been unable to do that.

• 33:28Speaker 01

  I want to bring this up. I have to put these two together, though. So this is Bibi Netanyahu, for those that don't know, he's in, he's in campaign season right now. So this is him talking to people in Israel, and this is how he frames the US involvement in the Iran war.

• 33:45Speaker 01

  Mr. Prime Minister, one word, just to understand this. Look, I'm dealing with this. I've been against Iran for almost 40 years. You have to recognize the danger. You have to be able to bring it. It took me a long time to bring our security establishment to deal with Iran itself and not just its branches. And that's what we did in the end. When this unified government that I spoke about was established, it took a long time to bring the United States to its senses. I could do it. This is because I had, I don't want to say thousands, but close to 1,000 hours on American television with the ability to influence the United States, with the intimate knowledge of all its leaders, both those who support us and those who don't support us.

• 34:30Speaker 01

  The ability to navigate this field through it, in it. What are you? We are a small country.

• 34:38Speaker 01

  And then the last thing, there is people that are saying, he got us into this war. I'm gonna put that to the side. There is, we're already there, we need to figure out how to get out. And there are some people, I even call them, I don't know if the Fuentes camp, America First, I don't know who's in the camp anymore, but the people that are just saying, we're spending too much of our time externally, we need to refocus and spend our time internally. And which, I feel like those are the three doors that a lot of people are kind of bouncing between. So I don't know if you can kind of set the landscape so we can understand how to navigate all this information?

• 35:06Speaker 00

  It's interesting. I think, I think it's slightly different, and I'm going to test my hypothesis right now.

• 35:10Speaker 01

  Let's go.

• 35:11Speaker 00

  Ryan, summarize for me what he just said.

• 35:14Speaker 03

  Summarize? I won't be honest, I was reading chat.

• 35:16Speaker 00

  Yeah, but you, you dropped this in, so I know you've got a take on this. So in the doc.

• 35:20Speaker 03

  Oh, is this the one about him being like, I've been in America for a long time on TV?

• 35:24Speaker 00

  Correct.

• 35:24Speaker 03

  Yeah, he just wants, he's, he's had the president, every president in America, he's, he's gone to their ear and been like, you should attack Iran, you should do it. You should attack Iran. I'm, I'm going to give you money if you attack Iran. And so he's been doing it for decades.

• 35:39Speaker 00

  Okay, so in the doc, you reference this as a psyop. Was that a cheeky thing in the doc? Or do you really look at this as Israel propagandizing America to do their bidding?

• 35:51Speaker 03

  I'd say psyop is a little me just being cheeky, but I do think he is going out of his way to convince America that like, we should be attacking Iran, yes. I don't think it's as like, deep as, this is a psyop where they're sending agents to America to make it. You know, I'm not like that, but I do think he's like, going on TV, saying things about Iran to get people riled up, you know? That's what they do.

• 36:11Speaker 00

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• 37:27Speaker 00

  Thanks for sticking around. Let's get right back into the action. What I see in terms of the global response to Israel, what I see happening in America and elsewhere, is this sense that these guys are a legitimately evil empire. They have to be stopped at all costs. You've got Hassan Piker talking about, yo Jews, you've got to distance yourself from Zionism and standing up for Israel. If you do that, then ultimately it's going to be dangerous for you. Meaning people are actually just going to attack you for being Jewish because you guys stand up for the Jewish state. Okay. That idea then becomes, okay, the Jews are like, doing some unique thing. They're propagandizing us and they're, they drug us into this war. There was so much rhetoric, it's kind of died down a little bit now,

• 38:10Speaker 00

  but there was so much rhetoric about how Bibi Netanyahu got Trump into this war. They must have blackmail on him, and so they're getting him to dance to his tune. And that is what I think the sort of default layman's read of the situation is. Somebody who's not really paying attention is going to have a viciously anti-Israel take on a lot of this stuff. And where I get concerned is, when you listen to what Bibi just said there, what he said is, I'm going to bat for our interests. And so I know how powerful America is. If we can't win over America, we're going to be in trouble. And always remember what language something is being spoken in, because it tells you, is that for an internal audience or an external?

• 38:52Speaker 00

  So this is in Hebrew, so he's obviously trying to get his internal base on board. What I hear him saying is, Israel has known interests, and I'm going to the person that can help us with this, which is America. And I'm going to get on TV, I'm going to be in social media. We're going to have our own army of influencers. We're going to be out there doing the thing. Now, where it gets weird for me is, obviously, that's obviously what they should be doing. That's obviously what America should be doing. We should be in China, we should be in Russia, we should be in Iran, we should be in Israel, pushing our message and making sure the people are on board with what we're doing. My whole thing about saying, where's Churchill when you need him? Is me saying, listen, you've got to sell this war.

• 39:36Speaker 00

  If, if this is actually the right thing to do for the world's interests, which is what they're asking us to believe, that a nuclear Iran is dangerous. And to me, this really does come down to, just let me ask one calibrating question. Do you think that a nuclear Iran is good or bad for the world? Do you think that Iran would use a nuclear weapon if they had one? And whether that's directly fire it or use it to bully Israel, use it to bully the region? If they're the only ones that have a nuclear weapon in the Middle East, what's going to happen? We've already seen Saudi Arabia reaching out to the US being like, hey, if they get a nuclear weapon, we want a nuclear weapon.

• 40:18Speaker 00

  So we're no longer going to abide by the non-proliferation. We are going to actively seek one out ourselves. And I think that that would be the rational response for anybody in the region. Ukraine being a perfect example, they had nukes and they were convinced to get rid of them, and then they got invaded. Which, would they have been invaded if they were a nuclear nation? Probably not. I won't say definitely not, but probably not. It's a massive deterrent. So now, if, when I ask that calibrating question to people, not, do you think Israel is moral? Do you think Iran getting a nuclear weapon is good or bad? Do you think Iran will pose a bigger threat if they're able to get that weapon? That's the only question I need to ask.

• 41:02Speaker 00

  And if people say, yes, I think that a nuclear Iran is a bad idea, then it's like, well, that's why we're here. So did, it, did the US have pure motives going into this? No, obviously not. Is that, forget our motives. If doing this will stop Iran from getting a weapon, whether you hate why we had conflicting motives, and a lot of it had to do with money, and a lot of it had to do with Israel coming over and selling politicians on doing this and all that, doesn't matter. Do you think that it is justified to stop Iran from getting a nuclear weapon? If you don't think that it's justified to stop Iran from getting a nuclear weapon, then your position makes all the sense in the world to me. You're like, let Iran get a nuclear weapon.

• 41:46Speaker 00

  It is not us to tell them otherwise. I will take a different stance. And I will say, I think it is a worse world, a more dangerous world, if Iran is able to get a nuclear weapon. And if we're going to use our, you know, where we, I think we're a declining power, but we still have some power. And so for us to use our power to go in and try to stop them without putting boots on the ground, both doing kinetic strikes to damage their military and doing economic sanctions, first and secondary economic sanctions. Yes, I think that that is a worthwhile thing to do, which is why I'm routinely confused by everybody talking about Israel. Because I'm just like, do we want the thing or not? And if we don't want the thing, then let's just talk about that. We don't want the thing, cool. Then what are we going to do? Because we don't want the thing,

• 42:31Speaker 00

  we don't, meaning the thing being, we don't want to try to stop Iran from getting a nuclear weapon. Then it's like, cool, just talk about that. We're gonna need to ignore Israel. We need to stop funding them because we don't want them trying to stop them either. And the philosophical stance of the US should be that anybody that wants to get a nuke can get a nuke, and we're just gonna stay out of it. And you start defining America first as more of an isolationist stance? Cool. Then why are we messing around with Russia and Ukraine? Stay out of that as well. Somebody would have internal consistency. I would disagree with their base assumptions, but they would have internal consistency. But that's not what I see. What I see is people responding,

• 43:13Speaker 00

  like Israel is uniquely bad in some way. And so that's where you get sucked into all the genocide talk and all of that, where I just go, there are other, even if you will grant that what they're doing is a genocide, there are other genocides that are running right now. Nobody's got beef with that. So there's like this extra thing Ryan put forward. We've had this discussion before. Ryan put forward, for me, the, meaning Ryan, the beef is that I am, as a US taxpayer, being asked to pay for that genocide. I'm not being asked to pay for the genocides that are going on in other countries. And so while I hate them, I, it's not something that crosses my mind. That, that is not my read. I think that this has to do

• 43:55Speaker 00

  with a far more insidious set of, a far more insidious frame of reference that is about oppressed oppressor. And the reason that the world has turned on Israel at this point is because they went from weak to strong, and their great crime was going to strong. And that we read their, I don't know if this is a stated policy or just the way that people refer to it, but I believe their stated policy is disproportionate response. So we respond disproportionately. That's how they go from the little guy to winning. And then the whole rise early and kill first, which is in the Talmud, not in the,

• 44:36Speaker 01

  There it is.

• 44:36Speaker 00

  The Bible itself, thank you. So that is what I think is really going on. This starts becoming the red-green alliance, which gets very messy. It's hard to talk about. People don't like talking about it. But I think that's what's going on. And the red-green alliance very succinctly is, on the green side, which is the Islamic side, you have a religious theocratic battle happening between them and Israel. And then on the red side, you have a push towards communism that has historically aligned themselves with Islam in this battle. We saw it play out in Iran. And they get together briefly, create all kinds of just spastic drama. And then the Islamic side just kills them. And then they take their country.

• 45:21Speaker 01

  Yeah, I think we're throwing things into the table that don't necessarily go together. Because I understand when we have the conversation about socialism, that socialism is rooted in jealousy. It's overproduced elites. But I'm seeing that argument now being used with Israel. The reason that we don't like Israel is because they went from the little guy to the big guy. And I think it's interesting, because we're talking about accountability. Israel's right now moving around in the Middle East like they're the Teflon Don. I could battle anybody, I could bomb anybody, and nobody's gonna say anything because you're supposed to feel bad for me. Like, that's the entirety of the argument. What do you mean? Like, that's the argument. There's no, there's nothing else other than that. Israel has a nuke. We have a nuke in the region. That's our proxy into the region. So to me, Iran getting a nuke, while bad, they've been two weeks away

• 46:06Speaker 01

  from getting a nuke for the last 40 years to Bibi's admission. We had a deal on the table with Iran, with Obama. Trump hated it, cool. Then the Abraham Accords came. Didn't like that deal, so now this is third iteration. Trump has this thing where there's a deal in place. He blows up that deal, puts a new deal on the table, comes back in his second term, blows up that deal and puts a new deal on the table. Same thing we're seeing with Canada and Mexico. And we're seeing in the Middle East. So while I understand that we do have a global responsibility to make sure that things don't get out of hand, I think that the reason we had Israel nuclear, nuclear, the reason Israel has its nuclear capabilities is so it could be our eyes and ears on the ground. Just like it's okay that North Korea has nuclear capabilities because South Korea and Japan both got like,

• 46:51Speaker 01

  are our eyes and ears on the ground. We got them surrounded, so we're good either way. So I, I'm confused as once we have to talk about accountability, and this is just, what is Israel doing? Disproportionate response, cool. October 7th was three years ago, and we're going into another country to do another war to battle October 7th. At some point.

• 47:09Speaker 00

  Which countries are you referring to with that?

• 47:11Speaker 01

  When they, either when they're going into Jordan, there's talk about going into Turkey now. It's now, I'm chasing the terrorists to a point that is no longer a response to what happened. It's now, to me, that's the start of a war. So the way that we're waging a war, kind of not war on Iran, I think Israel's waging a war, not war on all its combatants across borders, across time, doesn't matter.

• 47:33Speaker 00

  Okay, right now, we're having two separate conversations. I think there's a lot of validity to what you're saying. I just want to make sure that we tease out the two different things that are on the table so we can debate one at a time. So the first one is, I'm saying that the reason people are anti-Israel is because of the shorthand, the red-green alliance, that is about the oppressed oppressor narrative, which has really begun to explode in America.

• 48:03Speaker 01

  And from that point, I'm saying, they are just, I think that every time people get held accountability, we're getting additional talking points. No, you're not mad at me because of the genocide. You're mad at me because of socialism, because of Palestine, because of the red-green alliance. And to me, I think that that's, we're not talking about the same thing.

• 48:22Speaker 00

  Okay, so I'll go back to, I agree, we're not talking about the same thing. So I'll go back to the calibrating question. So do you believe that America, America should stop Iran from getting a nuclear weapon?

• 48:36Speaker 01

  I think we've done. They don't have a nuclear weapon.

• 48:38Speaker 00

  Okay, so you're like, job done, get out.

• 48:40Speaker 03

  Well, actually, I was gonna tack on to that. I agree with what Drew's saying, but also Ryan's theory. Trump starting this war, I think will push Iran to a position of wanting a nuclear weapon more than any other time in history. Because what this is showing is that any country can just come in and stomp on them because we want to, right? Because I agree with Drew. Obama stopped the production of nuclear in mass in Iran, right?

• 49:04Speaker 00

  Okay, that's a base assumption I fundamentally disagree with. Just I'll plant that flag.

• 49:07Speaker 03

  But I still think, my point still stands, regardless of that, Trump invading Iran in this capacity is going to be enough for Iran to want to make a nuclear weapon to defend itself. Because at the end of the day, the reason all these countries have nukes is not because they're ready to attack someone at any moment. It's because we all have this concept of mutually assured destruction. If one country nukes America, we have a million more nukes aimed right back at that country, and we'll destroy the whole world, right? We'll wipe that country off the map. And I think Iran would just want to further be in that. Now, whether or not that answers your question, I think it just shows that we meddled in something that didn't need to be meddled with.

• 49:43Speaker 00

  Okay, so can I take that answer to be, America should not concern itself with whether or not Iran gets a nuclear weapon?

• 49:51Speaker 03

  Sorry, I was answering your chatter. What did you just say?

• 49:53Speaker 00

  So can I take that answer to mean that the US should not have gotten involved in whether Iran gets a nuclear weapon?

• 50:00Speaker 03

  I think US getting involved in this current war that we are in is one of the stupidest things we have done in a long time.

• 50:06Speaker 01

  We've already were involved, though.

• 50:08Speaker 00

  Can I take that answer to mean that the US should not concern itself with whether Iran gets a nuclear weapon?

• 50:13Speaker 03

  We already were, and we've finished that.

• 50:15Speaker 00

  Okay, so you and Drew both agree, it was fine that we did it, but we did it. And so why are we continuing to press forward?

• 50:24Speaker 03

  Yeah.

• 50:25Speaker 00

  Okay, so next question. Do you guys think that in the, in your minds, I disagree, but in your minds, we have already eliminated the nuclear threat, but there is this knock on effect of now the Strait of Hormuz is under Iranian control. Are you guys saying, hey, it a consequence, don't love it, but it is what it is, we should leave?

• 50:50Speaker 03

  I think, oh, go ahead, Drew, you first.

• 50:52Speaker 01

  The Strait of Hormuz is currently being under Iranian control. That's the assumption that I'm answering responding to, and we should leave and just let Iran do what it wants.

• 50:59Speaker 00

  I'm trying to map your answer to that question.

• 51:01Speaker 01

  Yeah, yeah, but that's the question that's being.

• 51:03Speaker 00

  That is the question, yeah.

• 51:04Speaker 01

  Okay, we need to fix the thing that we've broken. That's what I've heard in that question, because Iran, the straight was open.

• 51:10Speaker 00

  Do you think that we should stay to resolve that thing that we broke? Or just we've stopped the nuclear threat? Yes, we broke a thing, but we need to leave.

• 51:22Speaker 01

  There's a mess now, we gotta clean it up. I don't think we can't just eject out.

• 51:26Speaker 00

  Perfect, so you're, hey, we've already finished the nuclear thing, but we did create the secondary problem. So we do need to stay and clean that up. Ryan?

• 51:33Speaker 03

  For specifically, I mean, I think we need to stay and clean it up, but I don't think the answer is, let's keep assaulting this country with missiles. I mean, I think the reality is, and I mean, I'm fully, I love America. This is my country. I don't want anything different for it. I want it to be great, but I think we do need to sit and realize that our arrogance is what got us here. I have no doubt in mind, as much as we say that Iran is not negotiating like it should, I don't think we're negotiating like we should. I mean, the whole reason Iran took the straight is to show, hey, we actually have power. You're not this, this all knowing world police, right? And I think we just need to stop playing world police. So I agree, I think we need to eject out of this, and I think.

• 52:12Speaker 00

  Wait, wait, he just said not to eject out, so you're saying.

• 52:15Speaker 03

  Eject out as in get the conflict wrapped up.

• 52:17Speaker 01

  If it's up to you, would we leave tomorrow? Pack up the ship and then we'll just start hopping on the phone and just talk to people.

• 52:23Speaker 03

  Here's the thing, I don't think we can, I think we're too far in, like you're saying. That's what I'm saying, I think the ejection comes when there's a conflict resolution, but I don't think continuing to attack them with missiles is conflict resolution. I think it's escalating the issue even further.

• 52:34Speaker 00

  Okay, I love that, but I just, let's, let's build one brick at a time. Okay, so you guys are both saying that we've already settled the nuclear issue, but we broke a thing, the Strait of Hormuz, we need to stay and clean up that mess. Okay, so neither of you want to see us get out. You may have different ideas about how we should be prosecuting the war, but neither of you are saying we just need to peace out right now. Okay, so are you guys saying that, okay, all the rhetoric around Israel is a distraction? Because we need to stay and clean up this mess anyway? Or are you saying that, no, it's not a distraction? Because Israel is influencing the fact that we're dropping bombs?

• 53:17Speaker 00

  And we wouldn't be dropping bombs if it weren't for Israel. We would find some other solution to the straight if it weren't for Israel.

• 53:25Speaker 01

  We're starting in the middle of the conflict now, because Israel got us into the conflict. So saying that they're the distraction would mean that they haven't, they didn't have an influence to get us into this, the conflict that we're in the middle of. So talking about Israel now doesn't necessarily matter, because we're already here.

• 53:39Speaker 00

  Okay, but is that, I need them to know that they're bad people and I'm mad?

• 53:43Speaker 01

  That doesn't matter to me, that's.

• 53:45Speaker 00

  I'm the same, so what I, what I'm trying to map is, my position would be, it doesn't matter how we got here for this part of the argument. It matters that we are here, and so now, given that we are here, and what the debate that I see happening is one about Israel bad, and we just got to talk about how bad Israel is. And so I'm trying to figure out, if you guys are in the camp of like, look, it, whatever, we are here, we've got to solve this, so I don't want to waste my energy talking about Israel good, bad. It's irrelevant to what I have to do in Iran to clean this mess up.

• 54:19Speaker 01

  I'm not that one.

• 54:19Speaker 00

  Okay, Ryan, are you there? Or are you like, no, no, no, there's, we have to address the Israel of it all?

• 54:26Speaker 03

  I think the Israel conversation, while Israel's trying to make it more ingrained in the Iranian war that we've started, I do think the Israel thing is a separate thing we need to tackle post Iran, yes.

• 54:38Speaker 00

  Perfect, okay.

• 54:39Speaker 03

  Because Israel is a problem.

• 54:41Speaker 00

  Israel is a problem for the way that we're prosecuting the war? Or Israel is a destabilizing force in the world or in the Middle East?

• 54:49Speaker 03

  The entire, I think it's specifically right now a destabilizing force in the Middle East, but I think Israel has greater aspirations to expand the Greater Israel Project past the Middle East to the broader world, yes.

• 54:59Speaker 00

  Okay, do you think that the IRGC has expansionary ideas?

• 55:04Speaker 03

  I think they do, but I think the IRGC is a lot less of an issue right now, given the size of it, and most of that is confined to its one country. Obviously, there are instances where that's spread past that country, but I think in the current moment, Israel causes more issues.

• 55:20Speaker 00

  Okay.

• 55:21Speaker 03

  Because Israel is also attacking Lebanon.

• 55:23Speaker 00

  Well, I think Israel would take exception to that explanation, and there are certainly politicians in Lebanon that would also take exception to that. So you have, I don't want to derail on this. Okay, so Lebanon is a, it would need to be disentangled in and of itself in terms of how okay we think it is that Iran sent basically a military group to become a part of their government? And whether we would be okay if somebody did that to the US? I like to think we'd immediately be like, that's crazy.

• 55:51Speaker 01

  Should I, should I pull up the AIPAC lobby?

• 55:54Speaker 00

  Okay, so to you.

• 55:55Speaker 01

  The person.

• 55:56Speaker 00

  Wait, wait, wait, I just clarifying question. So to you, there's no difference between Hezbollah, an armed military faction in.

• 56:04Speaker 01

  We were talking about Lebanon, we weren't talking about Hezbollah.

• 56:06Speaker 00

  No, Hezbollah is the way that Iran is deploying their force inside of Lebanon. So you're saying AIPAC and Hezbollah in Lebanon, one in the same.

• 56:17Speaker 01

  We're switching up definitions now, because you were saying another country coming in and joining our military, we would feel a type of way.

• 56:23Speaker 00

  Not joining our military, putting a military unit in our country to force us to give them a voice in our politics.

• 56:29Speaker 01

  That was a different statement, and that statement changes things.

• 56:32Speaker 00

  Okay, so how do we feel about that?

• 56:35Speaker 01

  That's wrong.

• 56:36Speaker 00

  Okay, so there is a difference in your mind between AIPAC and Hezbollah?

• 56:41Speaker 01

  Yes, because the first comment wasn't Hezbollah. The first comment was a military from a different country.

• 56:47Speaker 00

  Yes, so that comes down to how we read Hezbollah. I read Hezbollah as a proxy of Iran that is funded by Iran, that is there doing Iran's bidding. So not, I don't want to derail on that, but like, that's why I framed it in that way. Okay, so getting back to the core thesis, you guys are both saying Israel problem, but Israel is not related to whether we stay and prosecute the cleanup of the Strait of Hormuz.

• 57:16Speaker 03

  I think my take's a little more nuanced. I think it's not that it's not related, I think it's that it shouldn't be, and that currently Israel's trying to tie itself further into it.

• 57:26Speaker 00

  Okay, and so.

• 57:27Speaker 03

  I don't think it's as black and white as simply it's not there, if that makes.

• 57:30Speaker 00

  Well, I'm trying to figure out, so we have a rise in rhetoric around Israel that is influencing how people think that we should be handling the war in Iran. And I'm admittedly surprised by both of you guys taking a stance that I think is far more sensible, but I am no longer thinking you guys represent the majority voices who will say the US needs to get out of Iran, because we're only there because of Bibi Netanyahu. That is like the predominant, overly simplified, but that's the predominant narrative.

• 58:01Speaker 03

  I would push back that I think you're taking a little bit of a straw man just from online reaction. I think most people, including people like Hassan or author Tucker Carlson in there, I think they have that more nuanced opinion. I think it's just audiences.

• 58:17Speaker 00

  If you had to speed run their nuanced opinion, what am I missing?

• 58:20Speaker 03

  No, no, I'm just saying, I don't think people are saying simply it's because Bibi only, is what I'm saying. I think there's some crazies.

• 58:26Speaker 01

  I have an audience to throw in there. So when we started talking about this, the Lebanon, Iran Lebanon connection. The reason I said we have to look at AIPAC is because Rep Brian Mast, who's known for wearing an IDF uniform on Capitol Hill, is now being tapped, considered, for Secretary of the Army. So to me, that's somebody who with allegiance and responsibilities to a foreign nation, integrating into an army, so that's why I respond, I'm like, what do you mean? We're seeing that now. So Hezbollah, jihadism, extreme Muslim, like extreme extremists, all that condemn, condemn rhetoric. Like, I get all that. I think we, let's bring us back to what we started this conversation, because we went on a fractal of a fractal of fractal.

• 59:06Speaker 00

  So I don't think so. What, here, here's what I'm, I have a base assumption, and maybe this is where we're missing each other. I have a base assumption that what is driving the anti-Iran war is that people believe that Israel is driving all of this, Israel is the cause of this, the US should never have gotten involved, we should have stayed out of Iran's business, we wouldn't have been in this mess if it weren't for AIPAC, Bibi Netanyahu, all of that, that there needs to be a cleaning house of anybody that aligns with Israel, both from a political AIPAC, don't take money from AIPAC, that's completely toxic, don't do it standpoint, all the way to Hassan Piker's warning that American Jews or Jews worldwide

• 59:49Speaker 00

  need to distance themselves from Israel. That, to me, truly seems like the position of people who are saying, US get out of Iran.

• 1:00:00Speaker 01

  In, in January, I feel like that was correct, yes.

• 1:00:03Speaker 00

  But you don't now, you think.

• 1:00:04Speaker 01

  And now I think we're, we're in a much different situation. Now we're in the hubris and the arrogance of Trump saying, we're just gonna bomb them, man, it'll be fine. And our ships are falling apart, and the Navy is, so now we're being exposed for our lack of military readiness for this war that people in January are saying we were forced into.

• 1:00:19Speaker 00

  And you think that's the, the predominant anti-Iran war rhetoric?

• 1:00:24Speaker 01

  I speak for Andrew St. Just, so.

• 1:00:26Speaker 03

  I would agree that that is most people's take. I think it's just.

• 1:00:30Speaker 00

  What I said or what Drew just said?

• 1:00:32Speaker 03

  Because, I mean, this war has gone on so long that it, it does shift the narrative as more things come out, all that kind of stuff, right? Like, if you had asked me back in, when did it start, January, February? If you'd asked me back at the start, when I started working here, I would have been like, yeah, this is 100%, just Israel pushed us in, we're gonna pull out, because Trump's gonna realize this is stupid, and he hasn't at this point, right? So I think the narrative shifts.

• 1:00:54Speaker 00

  Well, you guys yourselves are saying that he can't back out at this point. So I don't think that that's him being stupid, I think that's the reality of the situation. Okay, I, I understand your guys' positions better, and now I will say something different now that I have the calibrating questions out of the way for the two people in this room. I think these two are completely wrong about what is driving the massive push to be anti-Israel, and I am very interested to see which of these reads holds up over time. My read right now is there is an absolutely gigantic backlash that is going against Israel, and that is happening for a very simple reason, that the West en masse

• 1:01:38Speaker 00

  has been captured by an ideology that is based entirely on the predicate of oppressed and oppressor. And so we are looking at the war in Iran, we're looking at Israel Gaza through the lens of. White people, white adjacent people oppressing brown people, and that is causing people to just not be able to ask the foundational questions, which is, are we concerned about Iran having a nuclear weapon? If so, what should we have done? If not, how should we be behaving? Now that we're in it and we've broken the Strait of Hormuz, do we need to stay and clean up that mess? And despite these two being completely rational and internally consistent,

• 1:02:21Speaker 00

  I do not think that they represent the wave, the absolute tsunami of anti-Israel backlash that has become the reason that people want to see us get out of the Middle East. And as you begin to scratch that, I think, this is just me planting my flag, and I'm always willing to be wrong, and we'll see in the fullness of time if I'm just completely misreading this. But I think if you stripped out all of that energy, you don't see any of the protests on campus. You don't see any of the just absolutely vitriolic pushback of the US being involved in this. So that's where I am. Yeah, I think that's precisely what's going on. And so now we find ourselves in a situation

• 1:03:04Speaker 00

  where we need to talk about Iran separated from whatever people feel about Israel and just figure out, okay, we are where we are. The strait is where it is. Now what do we do? Because I'm way more concerned about what's going on between Russia, China, Iran, and the US. The Israel thing to me is an absolute sideshow, which is all about people's cultural belief, their value system. That's a whole different thing. It's completely intertwined. But it is a separate thing that, boy, do I wish wasn't intertwined, because I don't think it is leading people to make rational decisions in terms of what's good for the country, in terms of what is going to work economically, in terms of the stability of the globe.

• 1:03:49Speaker 00

  Those are all very different questions for me. That can be asked and answered without going all the way to Israel now. Not now, period. And end of that story.

• 1:04:02Speaker 01

  Yeah, I'm hitting the check button because we gotta talk about the absolute bloodbath that is happening in Japan right now. The stock market as of this morning wiped off, one, two, three, 35 billion? That might be trillion yen in the past 20 minutes.

• 1:04:20Speaker 00

  It's gotta be 35 trillion yen, which will be...

• 1:04:22Speaker 01

  Crazy. Yes.

• 1:04:24Speaker 00

  What do we have?

• 1:04:25Speaker 01

  Yes, that's 35 trillion.

• 1:04:26Speaker 00

  100,000, 1,000,000, 1,000,000, billion, trillion.

• 1:04:29Speaker 01

  35 trillion yen this morning. Well, our morning, their evening. So we'll see what happens tomorrow. But right now, Japan is not looking good. Tom, what do you think?

• 1:04:40Speaker 00

  Yeah, so what's going on in Japan is that you have a complete rewriting of the economic system. And I don't just mean Japan's economic system. I mean the global economic system. This is far more dangerous than people realize. I've been beating this drum forever. If you do not understand liquidity drives the markets, then you're going to be very confused by what's going to happen. And right now, especially in the US, liquidity is such a massive player in terms of the only thing that is propping up the US economy is that things are going well at the level of essentially AI. Our markets have become one big bet on that. If you strip that out, then the growth that we're seeing is going to be diminished even further. A failure to understand what's happening in the Japanese bond market

• 1:05:25Speaker 00

  is a failure to understand what is likely to happen to the entire global economy for a very long time now, decades. The fact that Japan has had no inflation and has been holding their yields artificially low, trying desperately to stimulate their economy, has created an arbitrage that people the world over have been taking advantage of. And by taking advantage of that, they have created this thing known as the yen carry trade. And because Japan now has inflation and that is completely rewriting their entire economy, they're realizing that they're not going to be able to defend the low rates. They're not going to be able to defend the strength of the yen,

• 1:06:10Speaker 00

  which just continues to drop. And so Japan's 10-year bond now has a yield that hit 3% on Tuesday. It's the first time that's happened since 1996. And so now we've got this problem brewing where you've got Besen, who's trying to help them, but really is just trying to help us. And we're realizing that it's not going to happen. And so Besen is telling them that they're going to have to raise their rates. So if you guys don't know, he's been talking from Asheville, North Carolina, because we're at the G20 summit right now, telling basically the Bank of Japan what they're gonna have to do. And on Sunday, he said to the governor, Ueda, of the Bank of Japan, that he needs to do the right thing

• 1:06:55Speaker 00

  or that he's going to do the right thing on rates. And that means that he's gonna have to raise them. CNBC said, I have information that the market, or he told CNBC that he has information that the market doesn't have, and Japan is going to do the things that are going to lead to a stronger yen. And that basically means that they're going to have to hike rates, which means that this Japan yen carry trade is going to be unwinding, which means that this sort of background situation that has been driving the markets for decades now is going to unwind. And this is one of those things, if you're invested in the markets or, God forbid, you're just earning a wage, you are going to need to understand what this is going to do. This is a global contraction.

• 1:07:39Speaker 00

  So this is them saying, we have to be honest that we have inflation in our country now. Because we have inflation, prices are going to have to, wages are gonna have to go up. That's gonna continue to drive these prices going up. So that makes everybody paranoid that rates are going to have to go up to entice people to buy Japanese debt because the Japanese have not yet proven that they can do the only thing that will actually stabilize the yen, which is grow their economy. And so the government in Japan has been very reckless for decades by buying up all of their own bonds to keep this train going because nobody wants to own it because they know that they're artificially keeping the rates low. And so now Japan is in real danger

• 1:08:22Speaker 00

  because they own so much of their own debt. It's over 50%. And the rate on that debt is going up, up, up, up. So this is going to be a potentially chaotic time that people need to pay attention to. Because what ends up happening is if you've been doing this carry trade, you're going to sell those assets, okay? Which is likely to create price instability in the US markets and other markets worldwide as people try to get back into the yen, which will strengthen the yen, at least temporarily, as people close out their debt in yen. And so then the bigger question becomes, is Japan actually prepared to be a growing economy again? Now, why could that be a bunch of question marks?

• 1:09:07Speaker 00

  Because when you hold rates artificially low by buying all of your own bonds, which, by the way, the US is almost certainly about to do. But if you put yourself in that situation, you get what are called zombie companies. They are companies that suck up all the talent because they can say to them, hey, since there's no inflation, you're gonna have a job forever. And we're just going to have to hit the hurdle rate of borrowing money. And as long as we can keep borrowing money, we can keep the company going, even though the company itself is default dead. They're not turning a profit when subject to market forces. And that's the situation that Japan is in now. So a lot of those zombie companies are gonna have to die as interest rates go up. And Japan is gonna have to find a way to grow because if they don't grow,

• 1:09:52Speaker 00

  then they're going to be in real trouble by owning all of that debt that's getting more expensive by the day. They will get crushed under the weight of their debt. And so this is why I say, when the US is carrying 130% debt to GDP ratio, that's dangerous. You can print money for a long time, but you can't do it forever. As Japan is finding out the hard way, when you own that debt and eventually the rates break and they start climbing higher, you are now in an extraordinarily dangerous situation where you have a gun to your head and you must grow the economy right now or break under the weight of the interest payments of all that debt that you accumulated. And so that just is where we are.

• 1:10:35Speaker 00

  And so as a reminder, Besen tried to help them defend the yen, and it didn't work. Besen is trying to defend our own bonds right now. It's also not working. And so the question becomes, how long are we going to attempt doing that instead of doing the only thing that will actually work, which is to grow the real economy?

• 1:10:58Speaker 01

  Well, that's harder, Tom. I could just print money. What do you mean?

• 1:11:00Speaker 00

  And you can for a while. But those chickens eventually come home to roost. And unfortunately, partly because of the yen carry trade unwinding, they are going to come home to roost in the US much faster than we thought they otherwise would.

• 1:11:14Speaker 01

  You had that conversation with Felix that's coming out Thursday, guys. Felix and Francis came in. It's gonna be interesting. I came away from that conversation saying that in the US, rates actually need to drop to refinance some of the debt to help us do some of this creative financial engineering to get us set up to withstand this $40 trillion debt wave. What is it, 20% of it that's due like in this year? Can it, would that help globally if the US rates go up while the Japan rates get pushed? Like, because it's all liquidity thing. So when Japan rates going down, US drops there, wouldn't that send the rush of liquidity toward us?

• 1:11:54Speaker 00

  Well, so we have to be very careful because you've, you've gone back and forth. So the Japanese rates are going up, not down.

• 1:11:58Speaker 01

  Yes.

• 1:11:59Speaker 00

  Uh, and the US rates are going to, they need to go up and they need to come down. And they need to go up because people don't believe in your debt anymore. And so if you don't raise the rates, you're going to have no appetite for the debt. You're going to find yourself in the exact situation that Japan was in, where the, the Fed has to start printing a ton of money and then the Treasury has to start buying a bunch of its own debt. And so when you're in a situation where you're having huge balance sheets at the Fed, uh, and the Treasury is having to spend its own money to buy things back, its defense fund, uh, to buy things back, you, you're now in a very economically weak position.

• 1:12:43Speaker 00

  So at that point, you can't afford your rates to go up, which means the very moment that people don't believe in your debt, you have to lower your rates, make them believe in your debt even less. And so your only real hope is that you lower rates, refinance a bunch of your debt, issue more debt if you have to, you buy it at the lower rate, but they're doing it all short-term. And so now you've got, what, a two, three year, uh, time horizon where now you have to switch on the engine of your economy and start growing? That's crazy. This is the very thing I tell entrepreneurs never to do. If you're trying to start a new company, you do it nights and weekends, man. You do not do it with a gun to your head, quit your job and go all in. I get how sexy it is, but businesses is hard. Uh, most of them fail out of the gate. And so it takes a while

• 1:13:27Speaker 00

  to find that product market fit. It's going to take us a while to figure out how we actually jumpstart the engine again. And if we're facing something approximating a global recession or global depression, you don't want to be in a position where you're getting crushed under the weight of your debt. Uh, and so it, look, we, we've outlaid the strategy before. It's not that they don't have a strategy. They do. It's about migrating everything over to stable coins, creating appetite, global appetite for US debt via stable coins and, and providing leadership there. Uh, but we have been, you know, of two minds internally about actually doing that and pulling it off. Uh, so it, it is a very high-risk, unstable

• 1:14:10Speaker 00

  situation right now that, um, it's so complicated that people just don't want to pay attention to it. And the reality is you have to pay attention to it. You have to figure out how to start putting all these pieces together. And because in 1913, we allowed ourselves foolishly to create a central bank, we have to contend with the fact you can't sit outside the markets. You can't. Why can't you? Because you'll be eaten alive by inflation at a time where the government is putting itself in a situation where it is going to have to print more money. And, uh, the, the Treasury is going to be the buyer of last resort. But they're going to be the buyer of last resort. They're going to create a market. Besen has already said that he's going to do exactly that. Uh, we're in a position now

• 1:14:54Speaker 00

  where that debt is going to get more and more and more expensive as the US proves that it doesn't have yet a path to grow its way out of this. And so does AI come in and create the miracle that everybody's willing to pay for before AI debt implodes or the US crumbles under its own weight of the interest payments on its debt? Boy, is it going to be a wild time, man. It's going to be a wild time. And all through that, you had to be in the markets because the only solution they have is print more money.

• 1:15:26Speaker 01

  It, it's wild.

• 1:15:28Speaker 00

  Oh, boy. Boy, oh, boy. There are times, Drew, where I'm like, would this just be more fun if I just didn't understand it? And I just got clobbered. I got hit by a hammer in a couple of years from now. Uh, but boy, the last couple of years of the party would have been a lot more fun, uh, than really trying to figure out how you navigate this where the only real option is growth and growth right now is just a string of question marks.

• 1:15:50Speaker 01

  Yeah. Um, we're chaining them together though. I, I do think I, I'm optimistic because

• 1:15:56Speaker 00

  Really?

• 1:15:57Speaker 01

  Yes.

• 1:15:57Speaker 00

  Say more, Drew. What are you optimistic about?

• 1:16:00Speaker 01

  Because this is my birthday and I want to lead with optimism.

• 1:16:02Speaker 00

  There we go.

• 1:16:02Speaker 01

  And I don't want my next, my next year to be depressing. I do think.

• 1:16:07Speaker 00

  I heard that.

• 1:16:07Speaker 01

  If anybody can make it happen, if anybody can figure out a way to refinance this debt, to do something very financially engineering, capable like the feat, like we created the derivative. We created half of the stock market tools that are out there right now.

• 1:16:27Speaker 00

  Yeah.

• 1:16:28Speaker 01

  I would even say we're kind of responsible for crypto, depending on who you ask and all these other things, because we have the mass adoption. I feel like we can find the offering and I think that we're going to make it happen. And I think that it's going to be fine. And America's going to be prosperous. Or worst case, we took a bunch of oil from Venezuela. That's at least two trillion in there. We could throw some of that against the card.

• 1:16:48Speaker 00

  Against the $40 trillion in debt.

• 1:16:50Speaker 01

  It's just like your credit card, man. We'll just call it, hey, I'm a little bit late today. Can I, can I give you half now? A little bit later? We'll change our, uh, payment due date. We'll be fine. It'll be good. We just, we're not, we just can't buy a car or a house anytime soon. Don't look at the credit report, but we're good. We're not evicted. That's all that matters.

• 1:17:07Speaker 00

  Okay. Well, uh, here is, let's, let's strap our optimism hats on, guys, and let's really talk about what we would have to do. It's Drew's birthday after all.

• 1:17:15Speaker 01

  Press was like, hope is not a strategy. That's all I got, Press. That's all I got left.

• 1:17:19Speaker 00

  All right. So Press, we're gonna, we're gonna change it. This is, this isn't hope. Let me walk you through exactly what you have to do. Okay. So, um, this, everything is downstream of culture. I need people to understand this because we've got to get people on board with, um, AI is your only bet right now. You've got to make it work. And we need to get Americans more unified and we need to start asking very foundational questions. Um, so Ryan very generously said earlier, I love America. I want to see America do well. Okay, cool. Let's put the options on the table. What I think people are going to realize is there isn't an option on the table where you don't do AI. So, um, all this rhetoric about stopping data centers, moratoriums, all of that immediately stopped. Don't ever talk to me about that again. Uh, instead, what we're going to do is Ryan's

• 1:18:03Speaker 00

  brilliant strategy of let's make sure that we thread the needle and let's make sure that we identify what are the good ways to do a data center? What are the bad ways to do a data center? That's known now. We've spun up so many of these. We can see which ones have really been a win for the towns and which ones have been bad for the towns. And so we're going to put energy policies around this so that it's a mandate of the data center that it end up being better for, uh, the town. We're going to put things in place to make sure that they're, um, getting tax incentives to spur the growth, but that they're, uh, very aggressively positive from a taxpaying perspective in the places that they go. Uh, and so I'll shorthand that so that we don't, um, spend too much time there. But we're going to make sure that AI is going to win. Not only the AI is going

• 1:18:48Speaker 00

  to win, but America is going to win the AI race. And that requires us to, um, get Connor Leahy into a room and to really define, not just him, he's very, uh, he hates when people try to overindex on him, but getting Connor Leahy and a bunch of people like him to come and define what the difference is between weapons-grade AI, which only governments are going to be able to do. Everybody else, if you're trying to do that, whether you're anthropic, whatever, uh, men in black show up at your house. And then what is civilian use AI? And that, we're going to make sure that we innovate, we push forward and we do all of that. Um, we're going to show young people how to interface with AI. AI will turn you into a mindless fucking moron. Uh, if you use it in a dumb way where you just

• 1:19:30Speaker 00

  let it do all the things for you, or it will turn you into an absolute beast who can do things that you wouldn't have been able to imagine if you have a healthy relationship with it. We've got to talk about that. We've got to teach it. We've got to make sure that people actually understand how to engage with AI in a useful way, have an orientation towards building and creating something. That's a big part of it. We've got to re-energize people for why competition is great. We've got to re-energize people for, um, why we should make huge demands out of our education system that have nothing to do with throwing more money at it, that we've got to get to the point where, uh, we fully recognize and understand that, uh, an education system or any system for that matter is defined

• 1:20:13Speaker 00

  by what it actually outputs. And right now we're outputting, um, seniors in high school that are making their teachers cry because they can't read and write. Uh, so that obviously is a massive problem. Uh, we need to be, uh, re-energized around the idea of meritocracy. And we have to understand that our own kid is most likely not going to be at the top of the heap and we should still want there to be a meritocracy because our meh child is still going to be way better off in a world where we found the best and the brightest and made sure that they were able to go as far as they could and that our kid was able to go as far as they could. But they're going to be limited by their work ethic. They're going to be limited by their intellect. These are just realities. But hey, it is what it is. And we're all better off having that economic system. And we've got to get back

• 1:20:57Speaker 00

  to people understanding the goal in life is to be strong. The goal in life is not to figure out how your moral superiority comes from the fact that you've been oppressed. The, your moral authority comes from rising up from under through performance from being oppressed. And so this is where, when Booker T. Washington is like every statue everywhere, uh, then I'll know that the culture is moving in the right direction. Uh, that motherfucker decided he was going to build a school, and I mean build a school. And so if you don't know, his former slave comes out and builds, builds, builds and teaches the students how to make fucking bricks so that they could build their schools, ends up making bricks so good that they're able to just start selling them to other people. That's the

• 1:21:40Speaker 00

  American way. That's what I want to hear. When that shit is being celebrated and people don't look at Booker T. Washington askance, which is fucking crazy to me, uh, then I'll know that we're headed in the right direction. So. We've got to want America to win. We've got to start telling ourselves a very empowering story about America. We've got to tell ourselves an empowering story about getting stronger. It's what I call the only belief that matters. If you put time and energy into getting better, you will get better. Now, wrap that all back around, we have to solve the economic problem. To solve that economic problem, we have to believe in American prosperity so that we go in and we say, AI is going to win. It's going to be a huge manufacturing base. Winning means a thriving middle class. Winning means a bell curve where the fucking massive lump

• 1:22:25Speaker 00

  in the middle is people in the middle class doing great, getting a little bit richer every year, being optimistic that their kids are going to get richer. You are not going to get there with the amount of debt that you have without AI. So we've got to solve that cognitive dissonance that people have around this and stop acting like it's all or nothing. There's a way to do this deftly, but we're going to have to do that with the things that I already explained. If we can do that, if we can get people re-energized about building, manufacturing here in the US, growing the economy and understanding the only way out is to grow, then we can start being very disciplined with our money because that we are going to have to do. We've got to stop importing cheap labor. We've got to start

• 1:23:06Speaker 00

  doing the work. We've got to make huge demands of the people that are working. And by the way, policy prescription time. I'm telling you right now, the only number that matters is how many people below the age of, call it, what's retirement age? Seventy-two, something like that? Whatever the retirement age is.

• 1:23:27Speaker 01

  Sixty-seven.

• 1:23:28Speaker 00

  It should be seventy-two. So let's clock it there. Don't expect that to be popular, but hey, welcome to people live longer. So whatever the number is, if you're below that age, then you count in the unemployment numbers. Because right now, we are lying to ourselves. As the economy weakens, then we, more people say, I'm not even looking for a job. So we go, well, they're not looking for a job, so they don't count for unemployment. That is retarded in all capital letters. We need to see how weak our labor force is getting. We need to see how many people that are of working age are on public benefits. Like, we got to end all that shit. We got to get people excited. We need cultural pressure

• 1:24:10Speaker 00

  for people to get a J O B and contribute to the growth of the economy. That's the only way out of this. And by the way, is how you get a thriving middle class, when we're putting all kinds of economic incentives and pressures to build in the U S of A. All right. I could keep going, I'll stop there, but that at least is an hope. Those are real fucking things that you could do. Oh, and let students declare bankruptcy, because fuck all the banks that gave them those loans.

• 1:24:39Speaker 01

  This message was brought to you by Tom Bilyeu for president.

• 1:24:42Speaker 00

  It's certainly brought to you by Tom Bilyeu. I approve this message. I am not running for office. Fuck that.

• 1:24:48Speaker 01

  Okay, there's a couple of interesting things that happen. I'm going to start with the ridiculous one, because I just thought it was really, really cool.

• 1:24:54Speaker 00

  All right.

• 1:24:55Speaker 01

  Dyson just released a $500 toothbrush. It is called.

• 1:24:59Speaker 00

  Bro, I saw that headline. I was like, I gotta buy this. I don't even know what it is. I'm buying one. If there is a toothbrush that can justify a $500 price tag, but I swear to God, if I buy this toothbrush and I ever need to go to the dentist again, I want a fucking refund. This thing better do all the shit that a dentist would do, but better.

• 1:25:19Speaker 01

  Here's the promo video.

• 1:25:20Speaker 04

  Dyson Camera Jet, the first camera-equipped toothbrush.

• 1:25:23Speaker 01

  Camera toothbrush.

• 1:25:24Speaker 04

  Toothbrush and mouthwash. Here's how. First, apply Dyson's non-foaming toothpaste. Hold the toothbrush horizontally. Pull your biggest, widest grin. Then power up the device.

• 1:25:35Speaker 00

  We got a, Dyson, we got to talk. This ad is trash, bro. Watch six hours of TikTok, come back and reshoot this. You can't have a pause like that. That's crazy. We just lost people because of that three-second pause. That's fucking crazy.

• 1:25:47Speaker 01

  You messed up our retention, Dyson. What's up?

• 1:25:50Speaker 00

  Damn. All right, play.

• 1:25:51Speaker 04

  We identify gaps. Once detected, the brush head jets a blast of liquid between teeth.

• 1:25:56Speaker 00

  Oh!

• 1:25:57Speaker 04

  Plaque as you brush.

• 1:25:58Speaker 00

  It's a squirter, Drew.

• 1:25:59Speaker 04

  Feels good, right?

• 1:26:02Speaker 00

  It's your birthday.

• 1:26:03Speaker 04

  Gaps move slowly and carefully, using small.

• 1:26:05Speaker 01

  Can we have that as a soundbite, please? Add that to the board. It's a squirter.

• 1:26:09Speaker 00

  I think we need it with the toothbrush audio.

• 1:26:13Speaker 04

  The better.

• 1:26:15Speaker 01

  But yeah, the interesting thing about it is that there's a machine learning algorithm built into the toothbrush, and that's how they have it.

• 1:26:22Speaker 00

  Your gums are going to get hacked, though. And they're going to be like, here's, we got, we got Drew's gums on blast on social media. This is awesome. A hundred percent, I'm going to try this. I will do it for all of us, and let's see what happens.

• 1:26:36Speaker 03

  But you have to make a video on it. That's the thing. We have to show the video on stream.

• 1:26:40Speaker 00

  We got to cut it better than that, Ryan. I will trust that you will make it watchable.

• 1:26:44Speaker 03

  I'm so down to edit that.

• 1:26:46Speaker 00

  But yeah, all right, $500 toothbrush, $500 toothbrush incoming, Drew.

• 1:26:49Speaker 01

  No, but I want to say, though, like, Dyson is undefeated with their, like, vacuum cleaners. People love their hair dryers, the fans and stuff like that. So maybe they do innovate the toothbrush, and it's just the next thing that they take over.

• 1:27:00Speaker 00

  Hey, all I know is we, we've got to get better. It is crazy to me that you have to go to the dentist, like, every six months. That's wild. And they'll try to get you back in every three months. I'm like, do a better job. Like, how am I coming back? This is crazy. Crazy. Can't be here for that.

• 1:27:15Speaker 01

  Cool. Okay, we need to talk about.

• 1:27:18Speaker 00

  That is the worst freeze frame ever. You did him dirty. Is that Milo Yiannopoulos?

• 1:27:22Speaker 01

  Yeah, I just paused. I was going to ask, Milo Greek name. Get Yomop.

• 1:27:26Speaker 00

  The Greekest.

• 1:27:27Speaker 01

  Yes.

• 1:27:27Speaker 00

  Yeah, that kid is Greek in all caps.

• 1:27:30Speaker 01

  He went on Piers to talk about his ICE situation. For so those that don't know, he got grabbed up by ICE. He overstayed his visa.

• 1:27:37Speaker 00

  Oh!

• 1:27:37Speaker 01

  And he got talked about his situation being.

• 1:27:39Speaker 00

  Let's go. I got to hear this.

• 1:27:41Speaker 05

  Leopard's at his face? I didn't really understand the physical reality of how institutionalized the brutality is in America, the manner in which they arrest you. They put your manacles, your hands, your feet, chained together. I mean, like, everybody is arrested is like an MS-13 gang member, and it hurts a lot more than it looks like on television.

• 1:28:00Speaker 00

  That's so funny. So this is a classic case of Dave Chappelle's line, everything's funny till it happens to you. Uh huh. Yeah, okay, keep going.

• 1:28:09Speaker 05

  But from, from, you know, detention facility to correction facility, you know, every three hours, they were sort of trying to keep ahead of my lawyer, so I couldn't, you know, so whatever. But no one would tell me anything. It was, I mean, I know it's designed to be like that, but it's, it was, sure, it was humiliating, and it was disorientating and the rest of it. It was physically degrading. It was, it was frightening. It was frightening. I don't think I've ever been frightened like that before.

• 1:28:40Speaker 02

  How emotional have you been through this period?

• 1:28:44Speaker 05

  I've never been like this before. I, I tripped and kind of tumbled down the stairs a night or two ago, and, you know, I'm a clumsy person, so that, it's not the rarest thing in the world. But it set something off from, from when I'd been kind of, you know, shoved down a couple of steps, and I was weeping like an old woman for an hour. And I was like, oh, I really have got to get this out of my system. I think maybe in the past, I've been a little bit, a little bit blasé when people talked about their trauma, a little bit kind of cavalier when people talked about.

• 1:29:16Speaker 00

  This is one of the most fascinating things that's going to come out. We'll get to the ICE of it all in a second, but one of the most fascinating things that's going to come out of people being on camera now for extended periods of time is you get to watch them change. And what we're seeing now is a guy who used to be young, not quite so young anymore. The young are brash. They're arrogant. They have no frame of reference. They, they don't understand the way that life is going to scar them as they age. And I mean emotionally. And so we're watching people collect scar tissue in real time. Like, think about somebody like Clavicular. And, you know, right now, young, good-looking

• 1:29:56Speaker 00

  kid, what happens when you're not young and cool anymore? How does he reinvent himself? Is he okay with obscurity? Like, is he able to just find a different gear in life and he goes on and he's fine? Or do people find themselves caught up in a, I'm still doing it because I need the external validation, instead of, okay, I know what I'm trying to build, and I'm going to go do that thing? And. Seeing him go through this and watching youth transmute into sort of quarter lifey. I mean, he's probably in his early 30s now. It's not quite quarter life, but like you're seeing that that shift happen in real time.

• 1:30:36Speaker 00

  Life humbles us all and it really does become a question of how emotionally resilient are you? We're going to see more and more and more of this. I've been on camera now for 10 years. Um, I've had, you know, where my channel was doing much bigger uh numbers than it does now. And being very cognizant of, well, I am changing my content, not because I think that it will be bigger. I'm changing my content because I'm evolving as a person. And if you can't have a relationship with that, like if, if only the number matters, then you're really going to be in trouble and we're going to get a, we're going to get a view into the way that life changes people. And I've got another one coming. As your hormones change, you feel like a fundamentally different person.

• 1:31:19Speaker 00

  And so we're going to watch people go through those evolutions and how many people it will break. And so that'll be interesting to see what the cultural echo of that is. What I would love to see Milo come through all this, or anybody that goes through something like this is, okay, when you see something intimately, it gives you insights that you're not otherwise going to have. Bless you. And so um if he's now able to help people see a path forward for immigration that's more sensible, um, that can give a different perspective on it, that would be great. But if we don't see him sort of re-center himself, become strong and confident again on the other side of this, maybe without the sort of brashness of youth, that would be great.

• 1:32:00Speaker 00

  Cause what I don't want to see is anybody, and maybe the, the greatest run of this ever, uh, in terms of it happening in public was Dave Chappelle. And to think that Dave Chappelle, who can sell out God knows what size arena to do his comedy, at one point would just roll up to like a microphone and a speaker in a park. I think I'm remembering that right. And doing like impromptu sets in front of like 15 or 20 people. Um, and that was after he was at like the height of his career. But he believed in the craft, wanted to like push through. I don't know if he was thinking specifically about rebuilding, but it was like, you couldn't break his spirit kind of thing. And then comes back and now has like all the credibility of somebody who went through like

• 1:32:44Speaker 00

  an insane fucking roller coaster and has built back this incredible second act. That to me is what people should aspire to be, to prove to themselves that they can't be broken. Okay, enough on that. Now to the ice of it all, I don't know if you, does he say something more that we need to hear? Okay, so from the ice of it all, uh, when this was really being run like Gestapo tactics, I understood why people were having pushback. You literally had a guy who was clearly modeling himself after visually the SS. There's no way it was an accident. He wanted to strike fear into people's hearts. That, that was a whole thing that um Hitler did on purpose was what are the color choices that we're going to use? What are things to just visually make people afraid?

• 1:33:28Speaker 00

  Um, the Nazis would actually get in these duels on purpose and they would get these huge facial scars and they would actually pack their facial um wounds with like horse hair and hay and stuff so that it would give this really big scar. They wanted to look intimidating. So I'm never going to buy that he wasn't running the same playbook, even if he somehow, some way wasn't aware that they actually did it. So it's like, okay, moving away from all of that stuff, I think is incredibly sensible. Somebody being able to say, look, I'm not a gang member. And so you absolutely cannot say that everybody being caught up in this is a gang member. And so we need to think about not losing our humanity as we go through this. But we're going to have to balance that against, we have an illegal immigrant problem.

• 1:34:10Speaker 00

  And so I feel the way about this that I feel about the um AI. That once, i- if you can't think in a nuanced fashion, you become yes or no. So yes, deport everybody, doesn't matter how devastating, humiliating, people getting shot, whatever, it is what it is. Uh, or no, we've got to let everybody stay. We can't even have borders. It's like both of those responses are brain dead. So how do we find a way to say, okay, listen, we've got to be able to deport people, but there's got to be a better way to do this. You often bring up um Obama doing this in a way that didn't set the entire world on fire. Um, so how do you do the thing but do the thing well? And so holding ourselves accountable to, you can't just say shut it off. You've got to say, what's the right way to do this?

• 1:34:54Speaker 00

  Um, hopefully some of that we'll see come out of this. But also don't fucking overstay your visa. Like there are rules on this stuff for a reason. I've gotten to 50 years old, having traveled internationally a lot, including being married to a Brit. Um, and not gotten myself in trouble from an immigration perspective. You, you've got to play the game. Like I remember towards the end of uh my stay in the UK, I had to leave to be able to come back because it was like, well, the, the visa is only for six months. And so we timed it around that. We got married before the end of the six months and then we left on our honeymoon, partly because we had to leave, I had to leave the country in order to be able to come back and then come back legally and all that.

• 1:35:36Speaker 00

  So it's like, eh, these things are knowable enough. So um yeah, people need to be a little bit more thoughtful about the rules that they are under.

• 1:35:45Speaker 01

  Yeah, I think immigration is getting, becoming more and more nuanced as I do more studying because I'm starting to realize that there is a way that they help prop the economy up in ways that,

• 1:35:58Speaker 01

  I'm not going to say benefit the oligarchs because I don't want to turn it into a eat the rich conversation, but more so it helps hide, one, the deficit in our economy. Two, it props up the unemployment numbers. And three, it allows Americans to maintain their lifestyle without having to do massive entitlement cuts and stuff like that. So I think there's like this, it's not just grab the people, move them and ship them out. It's if you grab those people and move them, you'll now have to re-educate a bunch of Americans to do those jobs. And a lot of those jobs will get less than what they're getting in assistance. So then you have to end the assistance. So then it's like, you can't just deport and that's going to solve your problem. It's like deport and do this and do this and. And it has to be connected to other things in our economy.

• 1:36:43Speaker 01

  And I think to your point, sometimes we get too black and white of if all the immigrants grow, we'll be fine. And it's like, well, no, you'll still have the same problems that the immigrants were solving. And then you'll have to re-educate a bunch of Americans and they're still used to their benefits. So it's like, you can't just do this one thing and think everything else will be fixed.

• 1:37:00Speaker 00

  Totally agree with that. I think the way that the human mind works and the way the political process works, you're going to have to deport people and then let the pain that arises out of that generate the um will to solve the problem. I don't think you're going to get people to solve the problem until there's actual pain in the system. Um, so yeah, I think Americans are experiencing the pain now of importing a bunch of immigrants because of the fact that we've hollowed out um our uh ability for workers to be strong enough uh to get higher wages. But at the same time, it's been balanced out with things have gotten cheaper. And so it's like some people are winning, some are losing. People that are losing feel like they have no voice.

• 1:37:42Speaker 00

  And so um I think we're finally starting to wake up to that reality. But if the system isn't in a position where it's like, we don't have anybody to fill this job, uh, then you're never going to get on the other side of that. You have to have it be where it's like, okay, I as an employer am paying more because if I don't pay more, I can't ship my product. And so that's, that is the very thing that puts power in the hands of the worker.

• 1:38:09Speaker 01

  Yeah, we shall see. Um, and then the next thing on the list is

• 1:38:15Speaker 00

  This is crazy.

• 1:38:16Speaker 01

  This um NYPD, uh, okay, so to reorient, there was a woman who stabbed. Matter of fact, do you have, do you have this? Oh, I don't think we can show it. Huh? I don't think we can show it.

• 1:38:28Speaker 00

  Uh, you can show a lot of it.

• 1:38:29Speaker 01

  You just can't show the, when the person gets shot. Okay, Tom, I'm gonna let you handle this. Yeah, yeah, Tom's seen it.

• 1:38:36Speaker 00

  This, this is wild and this is letting you know exactly where we're at as a country and why law and order should be the first order of business for any government. You cannot allow this kind of thing to continue happening. This is going to escalate. So you had a woman running around in Times Square in New York, a place that used to be the dodgiest place in New York. I remember going there when I was 13. It was a hellhole. It was crazy. Like you didn't get off the bus in Times Square. We were on a tour and they're like, nope, we don't get out here. We just drive past it because it was that kind of dodgy. Then in the nineties and into the early 2000s, it got turned into what people were saying was like Disneyland for adults. You could walk around, you felt completely safe, it's incredible.

• 1:39:21Speaker 00

  Now we're going back the other direction because we are so worried about over policing that now we are wildly under policing. And this woman was walking around Times Square with multiple knives, by the way, stabbed one woman, killed her. Okay, this was not like, oh, we got a scratch and somebody goes to the hospital and gets a couple stitches. Why are we overreacting? She stabs a woman, kills her, stabs another guy who survives. The police come up, guns on her, tasers on her and are like, hey, drop the fucking knives and let's play it, we're going to stop it before, once you hear the sound of the tasers, hit stop. You'll hear the tasers before the gunshots. So she's telling them, I, I would rather stab you uh than give you my knives.

• 1:40:09Speaker 00

  She's holding two knives, if you're not looking at your screen.

• 1:40:18Speaker 00

  Dude, thi- this is crazy. So she's surrounded by cops. She's already killed. One person stabbed another. They're saying, "Put down your knives." This like, woman looks well put together. She doesn't look homeless, doesn't look schizophrenic. She could be, but, uh, we haven't heard the taser yet. She's gonna charge them in a minute. She's going to charge them. Okay, people on the street laughing. Okay, here she goes. She's literally winding up her arms. Okay, you can stop it there. So, uh, they taser multiple times. Unfortunately, the taser doesn't work. And so, uh, if I remember right, it's a double tap, uh, take her down. I do believe she died, correct?

• 1:40:51Speaker 03

  Uh, yeah, she died. I don't know if she died on the scene, but she did die.

• 1:40:53Speaker 00

  Yeah, so, um, I don't know if she wrote a manifesto, or if this was somebody that just had like a falling down day, if you guys know that movie, or if she's schizophrenic and we're gonna find out. It's all gonna come out in the wash. But the reality is, boys and girls, Jesus Christ, it is so crazy to me that people are so overwhelmed by a desire to be compassionate, which I love, let's do this well, just like we were talking about with Milo and, uh, the immigration. There is a huge difference between continually letting people out on bail, treating this stuff like it's no big deal, and having to go all the way to Gestapo. But you a thousand percent cannot let this kind of thing happen. You've got to keep people like this off the street. If you've

• 1:41:33Speaker 00

  got somebody that commits crimes, you've got to make sure that they are put in jail. You've got to make sure that if they did it, that they're getting convicted. You cannot just keep letting people back out. If the incentive structure is, "I can get away with some crazy shit," then what you end up with as a desire to have compassion, you're letting mentally ill people run around the streets. Your police presence is so low that people first have to get stabbed to death before the police roll up on the scene. You've got to have a presence so that people understand, "I'm going to get caught very quickly if I start doing something untoward." This is nuts. And we're, I'm gonna force the issue. Once we have the, um, Lindsay Clancy thing, we gotta talk more about

• 1:42:15Speaker 00

  that, dude. There are some crazy stories I've been putting together of where in this very kind of way compassion just goes deadly wrong. We have to understand, unfortunately, there are people that are going to do bad things. Whether it's their fault or not, it doesn't matter. When a person does said bad thing, they need to be held accountable. We cannot act like we're all just subject to the whims of other people. We're in control of our lives. If we choose to take drugs, that's on us. Uh, if we don't remove ourselves from a polite society when we can feel, "Uh-oh, something is going wrong," that's on us. So, we've, we've really got to get moral clarity about protecting the people who end up getting terrorized by things like this. Instead of our

• 1:42:59Speaker 00

  moral outrage being about the cops shot and killed this woman, let's have some moral outrage about a woman decided to grab a couple knives and go kill somebody. Like, that is where people need to start and stop. Not that police should be out there, um, beating people to death, shooting people inappropriately. That is not at all what I'm saying. But I am saying that you can't go so hard in the opposite direction that this kind of shit just starts happening more and more. It's crazy.

• 1:43:27Speaker 01

  Yeah, that's wild. She was a mom of three kids too. That's crazy.

• 1:43:33Speaker 00

  I'll be very curious to hear what went on. Obviously, something bad happened. But what I want people to understand is that the human mind breaks. And if we act like the human mind doesn't break, if we act like somebody, um, can't become capable of this kind of thing, so that we have to really be thoughtful about providing safety to people, that just like a government needs checks and balances because humans tend towards tyranny, the reality is that in any sufficiently large population, you are going to have people that are either, I'll call it just, bad by nature, they are overly aggressive, they use violence to solve problems, um, they're lower IQ, so they're completely at, uh, the whims of their emotion, and so they're more likely to lash out.

• 1:44:15Speaker 00

  Uh, mental illness is a real thing, and so somebody could snap. Uh, people that have shown historically that they're violent or that they break the law, you've got to remove them from society. You've got to give them reasonable jail time. You've got to have some strategy for people that, uh, just get convicted over and over and over. So while I understand the compassion and we don't want a system that's abused against people and somebody gets sucked into that system, and you know, now they're just locked away unjustly forever, we don't want that either. But you cannot have people on the streets doing this kind of stuff. It's just, this is, this is stupid.

• 1:44:51Speaker 01

  Uh, alright. And Sony has responded to a digital games lawsuit, I think it's happening in California, but arguing that players don't actually own the games they buy. Its lawyers say they are licensed rather than sold. So they said the quiet part out loud. "We've been arguing about this. Digital copies? What do you mean? It's your game. It's just digital. It's helping us with costs." Then, nope, you're licensed, not sold.

• 1:45:12Speaker 00

  Yeah, I don't understand people getting mad about this. So here's the reality. If a company does dumb shit, stop buying from that company. This is, this is the very market force you want on these guys. So if PlayStation is run by a bunch of assholes, fuck those kids, move on to another system that like Xbox is doing now. They are coming to you guys and saying, "Hey, we've heard you loud and clear. We, we really wanna get behind what you're doing. I'm here for it." But if a company wants to do, uh, "Hey, our, our company's all about licensing." Great, let them run that experiment. And if people actually care about getting the physical disc, then they're gonna go and buy the physical disc. I really feel like this is people arguing

• 1:45:54Speaker 00

  over something that doesn't actually matter. And people are upset that like, these things are licensed, but the reality is they don't go buy physical media. So, yeah, this one to me is like this bizarre moral conundrum of, listen, whatever you support with your dollars, you are going to get more of. These companies are totally obsessed with finding product-market fit, making the thing that people care about. So when you see Sony doing this, it's because we have all shown them with our behavior, we don't actually give a shit. And so, this is where, yeah, I just get sad. It feels like wasted energy. I wanna see people get behind with their dollars the things they actually care about. There are so many indie developers out there making a ton of money. And

• 1:46:38Speaker 00

  mine's not out on the market yet, so this couldn't help me in the short term, even if I wanted it to. So, this is where you go support indie developers that are doing the things you want them to do. Look at a company like Pocket Pair that made, uh, basically like Pokemon Evolved in Pal World, and they did all the things you guys wanted them to do, and you rewarded them so tremendously. And that's the kind of thing that we wanna see. And because, uh, this is me speculating, because they felt so supported by everybody, even though I think everybody would agree they could have charged more for version 1.0 of Pal World, they didn't. And they kept it at the, a pretty reasonable price for what you get. It's pretty crazy. And so it's like, that is a system working as it should. All the like, internet drama over, um, you know, PlayStation

• 1:47:23Speaker 00

  and all of that, I don't know, just gets, uh, feels like energy that should be spent. Go make content around the games that are doing it right. Celebrate them. Uh, I think that's my whole thesis. Move towards something, instead of constantly moving away. Instead of constantly trying to beat these companies to death for not doing what you want them to do, go celebrate the companies that are. And there's like a cynicism to all this that makes me sad for gamers. It's like, there's, there's a, a world of riches that await all of you in the indie game scene. Remember, Pal World is an indie game. It performs like a triple A game. Convince me, uh, otherwise. Like, it, it is so good, but you've got to support them. So move towards something. Celebrate, celebrate,

• 1:48:05Speaker 00

  celebrate the things you wanna see more of. I get it. By all means, tell these guys, "We, we don't like you." But the balance right now of where energy is being spent makes me very sad. There's so much cool shit being done. Go reward those guys.

• 1:48:18Speaker 01

  Resident Gamer Ryan, you got, you got something there?

• 1:48:20Speaker 03

  Oh, yeah. I, I was telling Drew, I just texted it. But basically, there's insiders right now that are saying two things. One, that there are some third-party game studios, uh, which for chatters who don't know what that means, it's basically the studios that only make games, not consoles, are considering not releasing their games on PlayStation at all post 2028. And then the second thing is Sony has had internal meetings about because of Xbox doing this route of disc to digital, they're considering scrapping the full digital idea and allowing discs to be on every console.

• 1:48:49Speaker 00

  Exactly. When, when you see where the money actually goes, because it won't matter, all of your vitriol will not matter if you keep paying for it. But if your money actually goes to the people that you wanna celebrate because they're doing the thing that you want them to do, now people are gonna change behavior. There, I, I, it's not cynical. It's market forces. There are market forces at work. And what I see a lot of, and this is specifically something I've talked about with millennial gamers. What I see a lot with millennial gamers is just a frustration and an anger. And if you balance that out with the celebration, the things you want to see more of, and you show, this is where my dollars are going, then I think that's going to speak a lot more powerfully than a boycott.

• 1:49:34Speaker 00

  So that, I'll just put that out there. Boycotts have their place, but man, if you really want to see where people hop to it, it is where, oh shit, I see the money going to that thing. So this is exactly what I did with my company, Quest, was we just built the thing that we wanted to see in the world. I didn't go picket all of the protein bar companies that I thought were lame. It was like my partners and I were like, let's just build the thing that we think is dope. And so we built the thing that we thought was dope. It solved a legitimate problem. Money poured into it and then everybody copied us. And so somewhat unintentionally, we changed the entire industry because we showed that the cool thing

• 1:50:12Speaker 00

  could exist, that it was rad, and then so much money poured in so fast that everybody had to react. We grew by 57,000% in our first three years alone. Kids, we went from not existing to being valued at over a billion dollars in less than five years. It was crazy. So the sucking sound of talent and capital and investment and an industry moving moved when the dollars went to the solution, not when people, because the industry had been declining, the protein bar industry had been declining for years. That didn't change anyone's behavior. What changed people's behavior was the sucking sound of us getting

• 1:50:53Speaker 00

  every fucking dollar from the consumer. And then everybody's like, oh, we better copy that. That's how you change an industry. Give them the thing that they want. So again, shout out to Pocket Pair. I'm coming for you, Pocket Pair. Shout out to Pocket Pair.

• 1:51:07Speaker 01

  Have you guys seen this DLSS 5?

• 1:51:09Speaker 00

  Yes, and both Ryan and I are putting on boxing gloves right now because we're gonna fucking fight. All right, let's go.

• 1:51:14Speaker 03

  Well, so I'll just say this, DLSS.

• 1:51:17Speaker 00

  Tell people what it is.

• 1:51:17Speaker 03

  Yeah, that's what I was about to do. Yeah. Or did you want to do it?

• 1:51:20Speaker 01

  No, no, I don't know what it is.

• 1:51:21Speaker 03

  So DLSS is basically this idea that, and it's been around forever, but it's this idea that it's taking what's on your screen in the moment, looking at the pixels, finding ways to smooth it out by adding more pixels based on the input there. It's always used, it's always used AI. So the big debate right now is old DLSS, which is the DLSS I used, is different from new DLSS. New DLSS doesn't just use AI, it uses generative AI. And so what it's doing is it's creating things based on the information on screen. The reason most gamers hate that is because it makes these games look weird because it's taking what was the original art direction, instead of using AI to duplicate what's already on screen, it's making up a whole new concept, right? And so it makes the faces look really weird, it makes the environment look really weird.

• 1:52:05Speaker 03

  And while it's a cool idea in concept, they're rushing too quick because AI is the thing to make money right now.

• 1:52:12Speaker 00

  Okay, so what I'll say is this is gonna have a place and there are gonna be places that it shouldn't be used. So if you look at an old game and you apply it to an old game that would be like past generation, and now you can update it to something much closer to a modern generation game, you can breathe totally new life into an old game. I think that's really exciting. Also, the thing that I'll say with AI is it's always about direction of travel. So if you look at the direction of travel of where AI is going, this is where it gets very, very interesting because what we're seeing is that you're going to be able to supercharge the graphics of your game in a post-process. And if we get into that world where the AI gets really good at copying your style,

• 1:52:55Speaker 00

  because that is the frustrating thing about using AI, it's brilliant. I really want you guys to use AI more so that you can see that it gives you superpowers, but you're still so necessary. It's not like AI can just hand you a style. You've got to evolve it. Otherwise, it'll just be copy paste. But if you spend enough time working with it, suddenly it's like, in the case of art, it's like being able to draw, but you have to be able to refine, refine, refine, refine, refine, come up with the underlying principle, what are the design mechanics? Because what you're doing when you use AI well is you're describing things. So like if I'm trying to get AI to output something in Kaizen, it's gonna say things, my style can be articulated. So I won't give it to you all, but some of the pieces would be like tapered limbs with constricted joints, okay?

• 1:53:40Speaker 00

  So now it's like, yes, AI is going, okay, I've seen tapered joints, tapered limbs with constricted joints before by a whole bunch of other artists, but it isn't just giving you a copy and paste because you're breaking it down into so many constituent parts. So when the AI is able to just look at your custom art, right? That you made for your game and go, oh, word, got it. Now I'm gonna just up-res your actual art using your design principles. I think it's gonna be incredible. I get the weirdness right now, and so it's an in-betweeny thing. And if they were smart, they'd probably let people choose old DLSS, new DLSS, and then just let the market decide. But I can see where this is going, and as the technology improves,

• 1:54:24Speaker 00

  this is gonna be huge for indie developers who will then be able to give you the kind of games that you want. They will look AAA, they will feel AAA, because the technology is carrying all the burden of actually executing on it. And all the smaller studio has to do is have the ideas. The ideas are fucking hard. I cannot tell you how much time I've spent with Kaizen just problem solving for how should this be? What's the core concept that underlies this? And AI can't touch it. Just right now, it's completely retarded. So direction of travel, that is my thing. This is going to get amazing and it will only further help small studios, which means you guys will be less beholden to the big studios who do the extractive techniques that you hate.

• 1:55:06Speaker 00

  So ultimately, this is exactly how you get the kind of AAA game quality from a small group of people that you can get to know and trust and not be abused by. Shout out to Tailor Brands, man. What you guys are doing, I love. These guys are helping entrepreneurs. You guys know I'm obsessed with helping entrepreneurs. Entrepreneurs are exactly how we get tax revenue. So if you have ever thought about starting a company, but you've just been completely overwhelmed by how hard it is to get a company up off the ground, Tailor Brands is for you. You want to get ahold of these guys? Let them help you with a few clicks of the button, set up your LLC over the internet.

• 1:55:47Speaker 00

  It is very, very easy, whether you need an EIN number, any of those things. Check out the link in the description to start with Tailor Brands today. And Taylor, by the way, is T-A-I-L-O-R. Tailor Brands. These guys are awesome. I'm super excited. And we are trying to get to 1,000 signups, Drew. Am I correct?

• 1:56:06Speaker 01

  1,000 signups.

• 1:56:06Speaker 00

  So come on, guys.

• 1:56:07Speaker 01

  1,000 new businesses.

• 1:56:08Speaker 00

  Let's get 1,000 new businesses going. That'd be huge. That also helps support the show. So if you've been thinking about it, give these guys a shot. So Tailor Brands, we love you guys. Thank you so much for the support. All right, next, ITU AI Masterclass. It's free and it's Thursday, September 10th at 1:00 PM Pacific. The link is in the description. Ryan, I heard people on the last one saying they didn't see the link, so let's make sure that that is there. But that is free, free, free. I'll show you how to start a business using AI. You put that together with Tailor Brands. I am not joking. It has never been easier to start a company, ever. And I can teach you how to build a real business that lasts, not some like quick flash in the pan AI thing. A real business using what AI is actually capable of today. I am so aware of its limitations, but it is incredible.

• 1:56:53Speaker 00

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