WEBVTT

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Everybody is in a rush to fire 10 to 25% of their workforce, but 10% unemployment would be worse than anything that's ever happened in our lifetimes.

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We are going to have a depression like we've never seen in our lives.

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Wow, Jake's a real Debbie Downer today.

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I mean, this is an unbelievable opportunity we're talking about.

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I gotta buy more sunglasses for how bright the future is.

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If you notice, Kevin actually didn't address the wave of unemployment at all because there's no question that it's going to happen.

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And when we hit the iceberg, we're not going to be ready and it is going to be an epic disaster.

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Change is disruptive and it's uncomfortable.

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But the scare factor of saying that everybody loses their job and the robots eat the children, I just don't buy it.

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I don't know anyone saying that the robots are going to eat the children.

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And I understand that change happens, but we have to be careful with change.

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Because by 2028, we're going to have disaster from AI unemployment and disaster from the war.

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The only hope is electing a smart person who's prepared in 2028.

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And Republicans, I have one thing to tell you.

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Na na na na na na na na na.

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There's no way nobody's shown up to vote.

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Their voter enthusiasm is obliterated.

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But the Democrats have also lost their way.

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And the Republicans only have one guy who could win and I'm worried about it.

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Talk across.

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So as we head towards the mid-times, but also the elections, which I'm going to actually not far away now,

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do you agree that we're heading towards a more socialist America?

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So let me just say this.

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How about that for an answer?

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Guys, I've got a favor to ask before this episode begins.

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The algorithm, if you follow a show, will deliver you the best episodes from that show very prominently in your feed.

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So when we have our best episodes on this show, the most shared episodes, the most rated episodes,

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I would love you to know.

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And the simple way for you to know that is to hit that follow button.

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But also, it's the simple, easy, free thing that you can do to help us make this show better.

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I would be hugely grateful if you could take a minute on the app you're listening to this on right now and hit that follow button.

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Thank you so, so, so much.

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Thank you so much for being here with me.

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And there's so much going on in the world that I have so many questions.

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And you both have very different perspectives on all of the issues that I care about the most.

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So I thought I'd bring us together to try and pass through what is true.

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Unlike a lot of shows, I don't expect a shouting match.

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What I'm trying to get is to truth.

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And I'm hoping that seeing the collision of your ideas on some of the videos,

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that are front of mind for me, like artificial intelligence, like geopolitics,

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like what's going on in America now that I live there,

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I think will be incredibly beneficial to me and hopefully, therefore, my audience.

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I have this graph here that says, seven in ten Americans oppose local construction of AI data centers.

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If you go back in time, any new tech that you're looking for,

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you're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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You're going to be able to do it.

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So I love America.

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I love the opportunity that America provides.

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I wanted to provide opportunity for all sorts of new businesses.

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So that's not remotely the issue.

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Okay, so the question is are we going to pay our own costs?

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So now on the AI data centers.

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In the beginning, I started reading these stories about how the data centers are driving up the energy costs.

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we have basically legalized bribery in America, that probably is true. They probably, you know,

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gave in enough campaign contributions to make this happen and it turns out they have.

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No, if you're going to do a data center, you have to pay for it and you have to pay for all of

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its costs. None of this subsidizing your costs to the average taxpayer was not getting anything out

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of it. So we have to be absolutely meticulous about who's paying for the cost of the data centers

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and it should be the businesses that profit from it unless you'd like to take, I have the

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American people take some equity in your business because if we're going to pay your costs,

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well obviously we should have equity in it. When we bailed out the bankers back in 2008,

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it was an absolute crime. We should have taken equity in those companies and they sold it later

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for a profit. I don't want the government to run banks, but I do want us to not be suckers.

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We constantly pay for the research of the drug companies and never get any equity. So if you're

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going to be capitalist, let's be capitalist. Now the real reason why people are most angry about AI

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is not even the data centers and they have every right to be livid about their energy cost being

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higher so somebody else can make a buck. But the bigger issue is the unemployment that we're all

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worried is coming and it most definitely is. So there's a lot of happy talk about, oh 10 years

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from now, 20 years from now, robots are going to be cooking our salmon or two years from now.

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I don't really care. I don't need my salmon coat by a robot. What I care about is,

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are we going to have massive unemployment? And right now, and I'm curious what Kevin is going

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to say about this because it's kind of indisputable if you're in the business community. Everybody is

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in a rush to fire 10 to 25% of their workforce. And whoever gets their first gets the competitive

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advantage and the markets are rewarded and their stock price goes up. Well, if everybody goes to

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fire 10 to 25% of their employees, we are going to have not just a recession, but a depression

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like we've never seen in our lives. And everybody's whistling past the graveyard here. So

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do we have a plan? Does the government have a plan? The only guy I've ever heard of working on a

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plan to deal with this tsunami of unemployment is Rokana. Other than him, it's crickets. And I

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think we're going to hit the iceberg really hard. Interestingly, Jank, the other person that I've

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heard talk about the unemployment wave coming has actually been some of the big AICOs.

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And if you go back and look at their quotes through time, people like Sam Altman predicted that

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there will need to be some kind of UBI scheme. And I think World Coin, which is his other startup that

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uses retina scanning to be able to distribute value to people to check their humans. One of the

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principles of the foundation of that company was to distribute UBI, universal basic income to everybody.

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So on this point, Kevin, do you disagree that there will be a widespread unemployment apocalypse

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as Jank has called it on his Twitter feed? So let's go through Jack shopping list of disaster.

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I think it's fair to address them one at a time. Let's talk with the energy. I totally agree with

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him. You can't build a data center anywhere and tap into the grid because he's right.

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The price of energy would go up at the library, the church, and the community center by 30%

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and that's what happened in Virginia. So that is no longer a possibility. In Utah, for example,

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I have to bring my own power. But the idea would be if we produce this energy, because there's no

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data centers without energy, we'll put it back into the grid, not just for Utah, but for the whole

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country because I think he's right. Anybody that's building a new data center should have the

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responsibility to provide the power and put some of it back into the grid. That would solve

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two problems at once. The greatest tapped out, the library has no more power. We'll solve that

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problem for Utah in the country. So that's the first falsehood I run into fueled by the Chinese

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propaganda that came into Utah or whoever they are at Arabella, the CPP or whoever this agency is,

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because you have to follow it through all these nefarious holdings. But at the end of the day,

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that's number one. Number two, the idea that everybody gets replaced by robots and then they eat

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the children. I don't buy that at all. Every new technology in American history for over 200 years

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has created vast opportunity productivity and fueled the economy to lead all economies on earth by

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20%, which is still the case today. Now, it's an uncomfortable reality. The market hit new highs

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today and that is an index of how great American companies are and the smaller companies that are

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five to five hundred employees also hitting on all cylinders now using AI tools for productivity,

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customer acquisition, maintenance. So the scare factor of saying that everybody loses their job

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and the robots eat the children, I just don't buy it. And so I think we should have that debate,

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but you don't know yet what opportunities there are in the economy driven by this new technology.

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So I think what I know there's fear and loading and I think it's important to have that narrative.

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I think it's great to debate it, but I think we should deal with fact. It's very, very uncomfortable

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when chain hits, chain hits anywhere. And yet it's proven itself within the context of the American

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economy to rise it above all challenges and still lead the world. Unfortunately, there's the issue

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of defense and the economy against China. There are big adversary in this last conflict in the

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Middle East where very few boots hit the ground. It was the technology that provided the

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ordinance precision that's been used in the future. Wars will be conducted using AI and unfortunately

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the country with the best AI technology will win those wars. I would certainly not want China

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to be ahead of us, yet I think they're the ones that would like to stop us building power

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and developing our AI platforms because they have something called deep seek. I just want to

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put a fact out there because we're talking about this. While we were stymied in building

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any new power, forget about data centers, just new power. The Chinese in the last 19 months

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built 400 gigawatts of power off burning coal. They don't care about the environment. They don't

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have any policy about that. They have a supreme leader who points his finger at the ground and says

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build a coal burning plant here, put a data center behind it, or you'll disappear in 18 months.

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The people involved say chop chop supreme leader, we will make it happen. We can't do that

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00:14:43.640 --> 00:14:49.000
in America and he knows that. He's spending as much money as he can, making sure he stymies

401
00:14:49.000 --> 00:14:55.400
the efforts of every entrepreneur in every state to do the same. That's what I think is happening

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00:14:55.400 --> 00:14:59.960
and I'm happy to revive the data, as I mentioned earlier, and let the government and their

403
00:14:59.960 --> 00:15:05.560
special agents in all of these different departments I'm working with now, I'm proud to be providing

404
00:15:05.560 --> 00:15:10.520
this information. I think I've kicked the door open, I'm something very, very nasty.

405
00:15:11.640 --> 00:15:16.280
Kevin, I would like to take a look at that information as well. I'll pick up that, pick up with you

406
00:15:16.280 --> 00:15:20.840
about that off camera. What I wanted to ask you is a lot of this sort of doomers and around

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00:15:20.840 --> 00:15:26.680
unemployment that we're talking about comes from the CEO's building the AI companies, and this

408
00:15:26.680 --> 00:15:30.680
is something that that's always caused me a bit of cognitive dissonance, which is I think if you

409
00:15:30.680 --> 00:15:36.120
go back to, I've got some quotes here from March 2021, Sam Ottman said, and he's the, for anyone

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that doesn't know the CEO co-founder of OpenAI, which is the maker of ChatGPT, AI will probably

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replace most of the jobs people do today. Entire job categories will be totally, totally gone.

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And then Elon Musk said in May 24, probably none of us will have a job. If you want to do a job

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that job, it's kind of like a hobby. You can do a job, but otherwise AI and robots will provide

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any goods and services that you want. And Dario, who's the founder of Claude, which is the other

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00:16:03.400 --> 00:16:09.080
major leading AI model said, this was in 2025. AI could eliminate half of all entry-level white

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college jobs within five years. A shift that could push unemployment up to 20%. The public is being

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00:16:15.400 --> 00:16:21.960
sugar-coated on what is coming. These are the people that are most well-placed. And arguably,

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00:16:23.160 --> 00:16:26.440
depends how you look at it, have the least incentive to say that their companies are going to

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cause societal harm. And they're saying that their companies are going to cause massive,

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massive unemployment. Do we assume that they're not telling the truth, or that they don't know what

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00:16:37.560 --> 00:16:44.440
they're talking about? I think that's a very selective bunch of sound by, Dario also said

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00:16:45.160 --> 00:16:50.840
the CEO of Anthropic. If we don't build more compute capacity in the next six months,

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the Chinese will catch up with us with deep seek. That's an ominous warning because, you know,

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let's say you decide, look, it's too scary. Let's shut down the US's ability to advance compute.

425
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Let's just shut it all down as the Chinese want. And let's all sit around the campfire and go

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Kumbaya. Do you think the Chinese are going to stop? I don't think so. I think they're going to

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continue to do this. And they'll invade Taiwan using noboots. They'll just use AI to shut down

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their power. Continue things between ships. I mean, I'm just telling you that the Kumbaya

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stuff I totally agree with, I love it. But it's not reality. Should we compete? Should we advance

430
00:17:33.880 --> 00:17:39.960
our technology? Should we be the best in the world, advancing research on AI to solve for cancer?

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Yes. Or do you want the Chinese to do that for you? And in 20 years, they'll tell your

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00:17:44.920 --> 00:17:49.720
children what to eat when they're sitting at their table in New York City for breakfast.

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I'm in the camp that says, we know who our adversary is. We know that why they want to stop us.

434
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And Darryl himself said, hey, everybody, we better build some data centers real fast. Or in six

435
00:18:02.200 --> 00:18:06.280
months, deep seek is now number one on earth. I don't want that outcome.

436
00:18:06.920 --> 00:18:12.360
Genk, it appears to me that there's the CEOs are acknowledging that there could be a mass

437
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wave of unemployment. That's going to cause a bunch of problems that I don't think people are

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00:18:15.480 --> 00:18:20.920
thinking about. But also what Kevin's saying about it, they're being this sort of global race

439
00:18:20.920 --> 00:18:25.800
between countries also appears to me to be true. That if we just sit back and relax and put our

440
00:18:25.800 --> 00:18:30.360
fingers in our ear, then there's going to be a huge competitive advantage with this transformational

441
00:18:30.360 --> 00:18:36.600
technology that falls into the hands of China. And we'll miss out as the West. What's your

442
00:18:36.600 --> 00:18:41.000
perspective? First, trust a lot of things that have been said. First, I don't know anyone saying

443
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that the robots are going to eat the children. So I want to thank Kevin for educating me on a

444
00:18:45.160 --> 00:18:51.640
talking point there. I'm less concerned about that. A lot less concerned. But I am concerned about

445
00:18:51.640 --> 00:18:57.240
some level of death with AI. And that has already begun to happen. Their reports that we use AI

446
00:18:57.240 --> 00:19:04.600
in targeting that girl school in Tehran, where we killed over 160 innocent school girls. So if

447
00:19:04.600 --> 00:19:10.920
that's what AI is going to bring us in precision as Kevin pulled it, I called it. No, thank you.

448
00:19:10.920 --> 00:19:16.680
I'm not interested in that kind of non precision. And I would much rather have human beings involved

449
00:19:16.680 --> 00:19:22.520
in life and death decisions. And I'm super worried that AI is going to be used more in the military.

450
00:19:22.520 --> 00:19:30.040
And no, I do not trust Palantir. So now in terms of universal basic income, I mean, think about

451
00:19:30.040 --> 00:19:35.960
it, guys, if a coder is making $120,000, you know, I don't know where that puts him in two years

452
00:19:35.960 --> 00:19:40.760
in seven years in. It's a healthy salary. It's not the world's greatest salary, but it's a good,

453
00:19:40.760 --> 00:19:46.200
good salary for a middle class person in America. Then you switch to UBI. You'd be lucky to get

454
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$3,000 a month. That's $36,000 a year. You're going to go from $120,000 to $36,000. That is going

455
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to be devastating. Even if you magically got universal basic income passed in America immediately

456
00:19:58.760 --> 00:20:03.720
as the wave of unemployment hit. But I don't think that's going to happen either. So is the wave of

457
00:20:03.720 --> 00:20:08.360
unemployment going to hit? Well, if you notice, Kevin actually didn't address that at all. Because

458
00:20:08.360 --> 00:20:13.880
there's no question that is going to happen. That is why literally every CEO of the AI

459
00:20:13.880 --> 00:20:17.960
companies is saying, well, you know, my product is great and you should value us at a trillion

460
00:20:17.960 --> 00:20:23.480
dollars or so. But yeah, you're all going to be fired. And that's, it is capable that it's

461
00:20:23.480 --> 00:20:28.040
already begun. The coders have already started getting fired, especially young coders.

462
00:20:28.840 --> 00:20:33.960
They feel totally betrayed. They have to find a new line of work. But maybe that's a little bit

463
00:20:33.960 --> 00:20:37.800
easier for them because they're young and they're smart and then they're professionals, etc.

464
00:20:38.600 --> 00:20:42.520
And there's a lot of smart folks, but getting a new profession at the age of 58,

465
00:20:42.520 --> 00:20:48.120
62, what if you're a truck driver? And so I'm not saying that the waymo's don't work better.

466
00:20:48.120 --> 00:20:53.000
I actually would trust the waymo more than I would trust a human driver. But nevertheless,

467
00:20:53.000 --> 00:20:58.200
that card no longer has a driver that it did when it was a taxi or an Uber or a lift.

468
00:20:58.200 --> 00:21:04.040
And I understand that change happens and look, I'm a progressive on for change politically,

469
00:21:04.040 --> 00:21:09.960
or for massive change. I thought Obama did comically little change. But we have to be careful with

470
00:21:09.960 --> 00:21:14.200
change. So which direction is it going to go and how are we going to handle it? Right now,

471
00:21:14.200 --> 00:21:20.680
I think Wall Street has lost its mind. How could we be at record numbers? Who do you think's

472
00:21:20.680 --> 00:21:25.000
going to buy your products? So this guy named Nick Hanauer. There's a lot of folks who believe

473
00:21:25.000 --> 00:21:29.160
in this, but he's a big advocate of it. It really smart guy up in Seattle, also an entrepreneur,

474
00:21:29.160 --> 00:21:35.400
also sold his business and done well. And he talks about middle-out economics. If we give more

475
00:21:35.400 --> 00:21:39.960
advantages to the middle class, they immediately spend their money. If you give it to the rich,

476
00:21:39.960 --> 00:21:44.360
which is what we've done all our lives with this neoliberal nonsense that we've been doing and

477
00:21:44.360 --> 00:21:50.440
trickle down economics, well, they barely spend any of it. So giving to the middle is a much

478
00:21:50.440 --> 00:21:54.600
better way to go. And of course, the question is, how are you going to do that? And you know,

479
00:21:54.600 --> 00:21:59.000
just want to give away money. On the other hand, we give away money to all companies and big drug

480
00:21:59.000 --> 00:22:07.720
companies and everyone who's got an excellent army of lobbyists in DC. But we're not ready.

481
00:22:07.720 --> 00:22:14.200
And no one on earth has given me a plan for, oh, Chang, don't worry, when 10% unemployment hits,

482
00:22:14.200 --> 00:22:20.360
which is at this point almost baked in completely inevitable, right? What are we going to do?

483
00:22:20.360 --> 00:22:24.680
10% unemployment would be worse than anything that's ever happened in our lifetimes. Let a

484
00:22:24.680 --> 00:22:31.160
lot of you get to 25% zero plans for it. None. When that, when we hit the iceberg, we're not going

485
00:22:31.160 --> 00:22:37.240
to be ready and it is going to be an epic disaster. There isn't going to be anyone to buy your goods

486
00:22:37.960 --> 00:22:44.280
because the employees are also customers and you're going to lose a massive amount of customers

487
00:22:44.280 --> 00:22:50.040
and it is going to absolutely torpedo our economy. I can't believe how short-sighted Wall Street

488
00:22:50.520 --> 00:22:57.480
is. Now, does that mean we stop AI and its tracks and we stop change? No, we can't stop because it's

489
00:22:57.480 --> 00:23:04.200
true that China's also going rushes, North Korea's, Israel is. Another problem is if we get it first,

490
00:23:04.200 --> 00:23:09.000
then very, very likely the Israelis will also have it and God helped the world if that's true.

491
00:23:09.880 --> 00:23:14.040
They have not been restrained in how they use their power and I wouldn't want them anywhere near

492
00:23:14.040 --> 00:23:22.680
that kind of power. Nevertheless, there is a race. We can't just stop. Can we do the race in a way

493
00:23:22.680 --> 00:23:28.680
that is responsible and actually serves the American voters and citizens instead of just serving

494
00:23:29.240 --> 00:23:34.760
the executives of the AI companies and the shareholders of the AI companies? I hope we can,

495
00:23:34.760 --> 00:23:40.520
but we've taken absolutely zero steps in that direction. Let's get specific, Jank. What might that

496
00:23:40.520 --> 00:23:46.200
look like to continue developing this technology but do it in a way that's responsible and benefits

497
00:23:46.200 --> 00:23:50.520
everybody because this is kind of what I hear a lot of. I hear from one side people saying we need

498
00:23:50.520 --> 00:23:56.840
to carry on going or the robots and the kids thing. On the other hand, I hear we need to be responsible,

499
00:23:56.840 --> 00:24:04.120
but either side don't tend to be very specific about what the definition of responsible or a race,

500
00:24:04.120 --> 00:24:08.200
a responsible race might look like. So does anyone have any specifics, Jank?

501
00:24:08.840 --> 00:24:15.480
Yeah, so look, it's a tough industry to regulate. I get it. You have to move fast and

502
00:24:15.480 --> 00:24:21.000
regulation usually involves some degree of bureaucracy. But if you have no regulation at all,

503
00:24:21.000 --> 00:24:26.520
you will have it run amok. That's pretty much guaranteed and all the leaders of the AI companies

504
00:24:26.520 --> 00:24:34.120
say likewise. So the problem here in America is that it's nearly unsolvable in the window of time

505
00:24:34.120 --> 00:24:39.080
that we're talking about because we've lost our democracy in America. We've legalized bribery

506
00:24:39.080 --> 00:24:45.160
that happened back in Supreme Court decisions in 1976, 1978 and then of course Citizens United.

507
00:24:45.160 --> 00:24:49.720
And so since we have legalized bribery in this country, there's no way they're going to serve the

508
00:24:49.720 --> 00:24:54.520
voters. So whichever AI companies are giving them more money, they're going to serve them. And

509
00:24:54.520 --> 00:24:58.120
that's already begun to happen. And the AI companies have already started getting involved in

510
00:24:58.120 --> 00:25:04.280
primaries and eliminating their opponents through money and politics. So our politicians are deeply,

511
00:25:04.280 --> 00:25:09.800
deeply corrupt in America, Republicans and Democrats, they almost all serve the donor class.

512
00:25:09.800 --> 00:25:15.880
So we won't make it. We'll, I'm telling you right now, we're going to run into the iceberg.

513
00:25:15.880 --> 00:25:21.240
And it's going to be an epic disaster. The only hope is electing a smart person who's prepared

514
00:25:21.240 --> 00:25:29.240
in 2028 that you can begin to get us on the road. So now when the disaster hits, the AI shareholders

515
00:25:29.240 --> 00:25:34.840
and executives aren't going to like it either because the reaction will likely be tremendous anger.

516
00:25:34.840 --> 00:25:40.760
And then someone like me is going to say, Hey, you know what? Why do they get to keep all the money

517
00:25:40.760 --> 00:25:47.240
and you're all broke and out of a job? They created this cost, which is unemployment. Why don't they

518
00:25:47.240 --> 00:25:52.040
pay for it? So why don't we take some of the billions and billions and billions of dollars that

519
00:25:52.040 --> 00:25:56.920
these AI companies have made and put it towards their costs, which is the unemployment of the American

520
00:25:56.920 --> 00:26:02.040
people. So they could add a minimum fund unemployment insurance. And we could make sure that that's

521
00:26:02.040 --> 00:26:06.280
very healthy. And we could, they could begin to fund other things that might actually help other

522
00:26:06.280 --> 00:26:12.120
human beings. I know heaven for fend that a millionaire or a billionaire should ever help another

523
00:26:12.200 --> 00:26:17.880
human being. But if you don't, the pitchforks are coming. I'm not a pitchfork guy. I believe in

524
00:26:17.880 --> 00:26:23.400
nonviolence. And I always will. But I don't think people get the level of anger that's happening.

525
00:26:23.400 --> 00:26:29.240
I'll try to stop it. But the pitchforks will be significant. And this whole thing of no, I get

526
00:26:29.240 --> 00:26:35.320
all the money and you get nothing will not play well. You can try it, but it will end in disaster.

527
00:26:35.880 --> 00:26:39.400
Kevin, the pitchforks are coming. We're going to hit an iceberg and it also sounded like

528
00:26:40.200 --> 00:26:43.800
AI is going to ultimately lead to a rise in what sounded like socialism.

529
00:26:44.360 --> 00:26:50.760
Wow, Jake's a real Debbie Downer today. You know, this has been forecast in the American economy

530
00:26:50.760 --> 00:26:54.840
every 20 years. It's the end of the free world as we know it. And that's not what happens.

531
00:26:54.840 --> 00:26:59.880
Let's go back and do a little fact checking on Jake's through here. First of all, AI companies

532
00:26:59.880 --> 00:27:05.240
lose billions. They don't make any money right now. They're in a race as we talked about earlier

533
00:27:05.240 --> 00:27:11.480
against China primarily. They're raising a ton of capital and losing billions every year.

534
00:27:11.480 --> 00:27:16.680
We don't know yet how they're going to monetize it, but the market's willing to provide it because

535
00:27:16.680 --> 00:27:22.840
they see the productivity opportunity and the cure for cancer and the democracy around education

536
00:27:22.840 --> 00:27:27.960
and productivity for the nation, already been proven by record earnings in the S&P of which

537
00:27:27.960 --> 00:27:34.360
all 11 sectors have adopted the first wave of AI to enhance productivity or reduce costs.

538
00:27:34.920 --> 00:27:40.120
We don't know yet what new jobs are going to be created. I'll just talk about the ones I'm

539
00:27:40.120 --> 00:27:46.920
creating in Utah, 4,000 construction jobs for about nine and a half years, high paying,

540
00:27:46.920 --> 00:27:53.880
and another 2,000 engineering support jobs, extremely high paying because what's now a desert will

541
00:27:53.880 --> 00:28:01.560
be a data center, not near anybody's backyard, not replacing farmland, not using any of the water

542
00:28:01.560 --> 00:28:06.360
the way the people have been talking about, not taking any energy from Utah, but in fact,

543
00:28:06.360 --> 00:28:12.280
contributing to it, not polluting the air because we can't do that without air permits.

544
00:28:12.280 --> 00:28:17.960
All of this stuff is a falsehood. What we don't know, and Jake's right about this,

545
00:28:18.040 --> 00:28:25.880
is no one ever predicts with a new technology what the outcome is. So I'm not a doomer on this stuff.

546
00:28:26.520 --> 00:28:34.840
My job here is to maintain a direct focus on entrepreneurship, hire as many people as I can

547
00:28:34.840 --> 00:28:40.680
because that's what I do, and I take a lot of flack. I mean, Jake's hitting me hard today and

548
00:28:40.680 --> 00:28:45.640
I appreciate he's an intelligent guy and he's got an opinion and I'm glad we're in this narrative

549
00:28:45.640 --> 00:28:54.520
and having this discourse. It's important, but let's deal with fact, not rhetoric and not hysteria

550
00:28:54.520 --> 00:29:00.600
because I still go back to the robots eating the babies because that's all I listen to every day.

551
00:29:00.600 --> 00:29:06.120
It's just ludicrous and I don't think robots are actually going to do as much as people think

552
00:29:06.120 --> 00:29:11.240
or look the way they think. They're not going to be humanoid walking around taking out your garbage.

553
00:29:11.240 --> 00:29:16.440
That's not how it's going to work. Robots have been building cars for decades now and doing other

554
00:29:16.440 --> 00:29:22.120
things in medical research and robotics have been used in all kinds of technologies and chip-making

555
00:29:22.120 --> 00:29:28.680
and everything else, but they don't look like people walking around. I say to myself, we don't know

556
00:29:28.680 --> 00:29:35.800
what we don't know and that's fair, but to say that all of these AI companies are making billions

557
00:29:35.800 --> 00:29:44.360
of dollars and something else and Jake knows this. Most of the taxes in America are paid by the

558
00:29:44.360 --> 00:29:53.960
rich people. They pay their fair share now, so if you take it past 50% like California,

559
00:29:53.960 --> 00:30:00.200
like New York, like New Jersey, like Massachusetts, in the constitution of America over the

560
00:30:00.200 --> 00:30:06.680
fourth thought of the founding fathers, they believed in the competition of states, and so you

561
00:30:06.680 --> 00:30:14.920
have people moving. Shots to Florida, you know, the Google guys to Florida, some have gone to Texas.

562
00:30:14.920 --> 00:30:21.080
If you want to steal rich people's money, go ahead. They'll just move and if you really make it

563
00:30:21.080 --> 00:30:25.800
difficult for them in every state in America, they'll do what they did in England. They'll find a

564
00:30:25.800 --> 00:30:32.600
new America. That's what made America great to over 200 years ago. Taxation, it doesn't work. The

565
00:30:32.600 --> 00:30:39.240
thing about socialism and communism is you run out of other people's money very quickly because

566
00:30:39.240 --> 00:30:44.280
they simply leave. The French figured that out. That's what happened in England when they

567
00:30:44.280 --> 00:30:50.520
raised 90% tax rates. Monaco, I mean, it only exists because the French screwed the rich

568
00:30:50.600 --> 00:30:56.440
French guys and they all moved four miles across the border. It's very simple. You want to support

569
00:30:56.440 --> 00:31:03.240
entrepreneurship and job creation. Only one third of the population in America can be entrepreneurs

570
00:31:03.240 --> 00:31:10.520
and they employ the other two thirds. That's the way it's been for 200 years and it's a great thing.

571
00:31:10.520 --> 00:31:17.160
And I don't see anybody else investing money anywhere else except America 52% of the time.

572
00:31:17.720 --> 00:31:23.880
52 cents of every dollar on earth from sovereign wealth comes to America because it has the

573
00:31:23.880 --> 00:31:29.000
opportunity. No other country. I don't see a lot of people saying, boy, would I like to invest in

574
00:31:29.000 --> 00:31:34.600
North Korea? Hey, can you get me into Russia? Is there a Russian fund that I can invest in?

575
00:31:34.600 --> 00:31:40.200
Oh, can I invest in Cuba? I don't think so. I don't want to put my money there for retirement.

576
00:31:40.840 --> 00:31:47.880
That's why I'm talking about this. The facts are the facts. Get over it, inhale everybody chill

577
00:31:47.880 --> 00:31:50.840
acts and let's keep the American dream going.

578
00:31:52.360 --> 00:31:56.360
Jen, I'll get your response to that. Many things said that. I mean, the core argument there is

579
00:31:56.360 --> 00:32:00.360
if you try and tax rich people, they're going to leave and go somewhere else and we might end up

580
00:32:00.360 --> 00:32:08.040
like Cuba. Yeah. So did I miss this meme about the robots eating the kids? Because I don't know

581
00:32:08.120 --> 00:32:12.040
why I love the robots eating the kids. I just don't think it's going to happen.

582
00:32:13.240 --> 00:32:16.440
I don't think anybody thinks it's going to happen. It sounds like it was made up.

583
00:32:17.480 --> 00:32:22.120
Okay, so there's some fear mongering about robots eating kids and how America is going to turn

584
00:32:22.120 --> 00:32:27.400
communist or something. No, no, no, look, as I said, we're capitalist. We're trying to figure out

585
00:32:27.400 --> 00:32:32.680
what's the best way to do this. Capitalism isn't supposed to be let's crush the average guy and

586
00:32:32.680 --> 00:32:37.400
make sure the corporate CEOs get everything. I'm a corporate CEO, but it's not right and it's

587
00:32:37.400 --> 00:32:42.840
not balanced and it's not American. The American way is to make sure that we build a super strong

588
00:32:42.840 --> 00:32:49.400
middle class that are a great productive citizens, voters and by the way, consumers, right?

589
00:32:49.880 --> 00:32:57.320
And so if we lose track of that, then we're all going to be doomed. So like Kevin's so worried

590
00:32:57.320 --> 00:33:01.560
that somebody's going to take his money, then it's not just Kevin. They always like threaten us,

591
00:33:01.560 --> 00:33:05.320
like, oh, yeah, we'll leave. I mean, don't threaten me with a good time.

592
00:33:06.200 --> 00:33:13.720
But beyond that, okay. But beyond that, Kevin, that's not going to be your main problem. When you

593
00:33:13.720 --> 00:33:19.320
don't have any consumers, that's going to be your main problem. You have to protect the American

594
00:33:19.320 --> 00:33:24.440
middle class that, you know, you could argue that's the goose that lays the golden eggs and you guys

595
00:33:24.440 --> 00:33:30.360
keep chipping away and chipping away at that middle class. And so right now, Steven, this laid

596
00:33:30.440 --> 00:33:37.080
into the conversation. Still no plans on what to do with inevitable, massive unemployment.

597
00:33:37.080 --> 00:33:41.160
And what I'm telling you is we're not going to go necessarily to communism, but we are going to

598
00:33:41.160 --> 00:33:48.120
wonder, wait, why is everyone unemployed and only a couple of people have reaped billions or

599
00:33:48.120 --> 00:33:54.520
trillions of dollars? And come on, Kevin, you know how the economy works and the markets work?

600
00:33:54.520 --> 00:33:58.360
Yes, you invest into it in the beginning. And that's why right now they're theoretically

601
00:33:58.360 --> 00:34:02.200
losing billions of dollars. Same exact thing that happened to Amazon. And then later you make

602
00:34:02.200 --> 00:34:07.800
billions and maybe even trillions. That's why their stock prices are so high. And so they're powered

603
00:34:07.800 --> 00:34:12.840
by that investment and later they reap their rewards. And when they reap those rewards, it's fair to

604
00:34:12.840 --> 00:34:18.360
ask who got you those rewards. It's not to say that the entrepreneur has didn't and the employees

605
00:34:18.360 --> 00:34:22.840
and the shareholders of those companies didn't. But there were other factors involved, including all

606
00:34:22.840 --> 00:34:27.160
the American government and the American people that supported the infrastructure that made that

607
00:34:27.720 --> 00:34:33.240
happen. That conversation is going to be inevitable when we have tens of millions of people unemployed.

608
00:34:33.800 --> 00:34:39.160
And guys, there's one other factor that's involved there. When you have a lot of unemployed young

609
00:34:39.160 --> 00:34:47.960
men sitting around, usually what happens is nothing good. Wars happen, crime goes up, we have to be

610
00:34:47.960 --> 00:34:55.320
prepared. And all I'm hearing from the AI industry is like, as Kevin said, chillax, don't sweat it,

611
00:34:55.320 --> 00:34:59.400
bro, don't worry, we're going to have all the money. And then you guys, I don't know, you'll

612
00:34:59.400 --> 00:35:07.160
figure it out and I'll be in Monaco. Monaco, that was hilarious. Monaco. So maybe that's where the

613
00:35:07.160 --> 00:35:13.320
child eating robots are. So Kevin, be careful. Kevin, your thoughts on that? No, no, there's, you

614
00:35:13.320 --> 00:35:17.320
know, saying there's no answers and we're being asked to just chillax. I think Kevin, you do

615
00:35:17.320 --> 00:35:23.880
acknowledge that there will be a change in the occupation mix in America, right? Even as a founder and

616
00:35:23.880 --> 00:35:28.760
CEO myself and a business owner that employs hundreds of people, I am thinking differently about

617
00:35:28.760 --> 00:35:33.720
especially entry-level positions in a way that I wasn't honestly six months ago before some of

618
00:35:33.720 --> 00:35:37.640
the models got more advanced, especially as it relates to things like coding, but I'm thinking

619
00:35:37.640 --> 00:35:41.640
very, very differently about who to hire. And actually one of the things I find myself naturally

620
00:35:41.640 --> 00:35:45.880
doing is the person that still is on the call face of hiring in my company is when I see entry-level

621
00:35:45.880 --> 00:35:50.840
positions, the first thing I'm looking for is if they have an AI proficiency. And there are

622
00:35:50.840 --> 00:35:55.160
candidates now even for me at entry-level positions that I'm not selecting for because I realize

623
00:35:55.160 --> 00:36:00.920
that someone with an AI proficiency in that exact same role is now like a five or 10x person.

624
00:36:01.640 --> 00:36:07.000
And so I'm just experiencing myself making different hiring decisions as a founder. And I'm sure

625
00:36:07.000 --> 00:36:14.040
you are as well. People think that engineers are going to be replaced by AI, code writing,

626
00:36:14.840 --> 00:36:20.360
clot is one of the tools being used right now. But actually most engineers aren't hired

627
00:36:20.360 --> 00:36:28.120
to write code. They're hired to solve problems. They use code to try and solve those problems. So

628
00:36:28.120 --> 00:36:34.360
you know, companies that have been firing people, everybody's attributing it to AI, it's not true.

629
00:36:34.360 --> 00:36:38.120
There's been a lot of fat in a lot of these companies that hired to try and

630
00:36:38.120 --> 00:36:42.920
assume what would happen next. They got it wrong. So I don't think we've yet seen with the outcomes

631
00:36:42.920 --> 00:36:49.400
going to be. I tend to be the optimist as I talked about other technologies in the past

632
00:36:49.400 --> 00:36:54.360
being low for the fact that they caused disruption. There is no question AI is disruptive.

633
00:36:56.360 --> 00:36:59.960
Kevin, did you see this week figure AI, which is one of the humanoid robot companies did a

634
00:36:59.960 --> 00:37:06.360
live stream for? I think it was four days where they just showed a robot on a sort of factory floor

635
00:37:07.080 --> 00:37:12.680
sorting out parcels for four straight days. And it did it better and faster than humans doing it.

636
00:37:12.920 --> 00:37:17.320
This was a humanoid robot. And so one of the things I think about is if you listen to someone

637
00:37:17.320 --> 00:37:21.800
like Elon Musk, who's made a prediction, this is a direct quote from him, my prediction is that

638
00:37:21.800 --> 00:37:27.160
there'll be far, far more robots like intelligent robots in the world than there will be people.

639
00:37:27.160 --> 00:37:33.800
Long time, I think the ratio of humanoid robots will be more like two to one. There might be two

640
00:37:33.800 --> 00:37:40.040
humanoid robots or more for every one human. And when you when you think about Elon Musk's predictions

641
00:37:40.040 --> 00:37:45.640
over time to his credit, sometimes his time frames are wrong. But when he says the rocket is

642
00:37:45.640 --> 00:37:50.680
going to land on the chopsticks, the rocket eventually lands on the chopsticks. When he says my car

643
00:37:50.680 --> 00:37:55.720
in LA, my Tesla will eventually drive itself without me interfering, the car eventually drives

644
00:37:55.720 --> 00:38:01.080
itself. So with Elon's track record in predicting what he'll be able to do a technology, I think

645
00:38:01.080 --> 00:38:05.800
he's got a pretty solid track record. So when he says these humanoid robots are going to be better

646
00:38:05.800 --> 00:38:12.840
at surgery or cleaning or whatever than humans in short order, sometimes predicting, you know,

647
00:38:12.840 --> 00:38:20.520
time frames of 2027, 2028, I tend to believe him. Is he lying? Because if he's telling the truth,

648
00:38:20.520 --> 00:38:24.360
what we're seeing is both the disruption of intelligence, but also one could say the

649
00:38:24.360 --> 00:38:29.240
disruption of our muscles at the same time. And I can't think of a comparable like the industrial

650
00:38:29.320 --> 00:38:36.600
revolution where humans, like two real sort of professional productivity driving forces of their

651
00:38:36.600 --> 00:38:41.800
brains and their their physicality are being disrupted at the same time. And just to give you

652
00:38:41.800 --> 00:38:45.880
another story to overlay on to this, my co-founder and my company called Third Web, big company we've

653
00:38:45.880 --> 00:38:52.440
raised $30 million. It's out in San Francisco. I went down to his his entrepreneurship accelerator.

654
00:38:52.440 --> 00:38:56.360
I've not been there in two years. And I arrived and I was like, why is everyone building robotics?

655
00:38:56.360 --> 00:39:00.520
And he said to me, he goes, Stephen, the robot pieces have been here for decades. We've always had

656
00:39:00.520 --> 00:39:05.080
them. What we've been missing and the expensive part was the intelligence. And he toured me through

657
00:39:05.080 --> 00:39:12.680
this 40,000 square feet building called ethnic down in San Francisco. And I saw a robot cooking

658
00:39:12.680 --> 00:39:18.840
with a robot arm making food. I saw a robot making perfume for you, whatever perfume you wanted.

659
00:39:18.840 --> 00:39:22.680
This big machine that just makes it for you. And he says because we've got intelligence and we've

660
00:39:22.680 --> 00:39:27.560
always had the machinery. There's going to be this huge explosion of robotics that we've always

661
00:39:27.560 --> 00:39:33.160
been waiting for. Intelligence was the missing piece. And now he says it costs pennies. And everyone

662
00:39:33.160 --> 00:39:37.560
there is building not software anymore. They're all building robotics. And so for me, I was like, wow,

663
00:39:38.760 --> 00:39:43.080
the future is going to look very, very different, I think, in short order than the past. And I'm just

664
00:39:43.080 --> 00:39:47.560
a realist. I'm not trying to be pessimistic or optimistic. I think there's truth on both sides.

665
00:39:47.560 --> 00:39:52.520
But Kevin, do you acknowledge that the jobs that we have today in large part are going to go away?

666
00:39:53.640 --> 00:40:00.280
Yeah, you know, I don't think shaking a perfume bottle is a great job for anybody. But I do think

667
00:40:00.280 --> 00:40:05.080
and I'll give you two examples because maybe you're right about Elon. He doesn't get a big chunk of

668
00:40:05.080 --> 00:40:11.560
his stock unless he populates Mars with a million people. And I saw announced six hours ago that

669
00:40:11.560 --> 00:40:18.600
they're going to put a permanent plant there on the moon and established base on the moon.

670
00:40:19.160 --> 00:40:28.280
Can you imagine the hundreds of thousands of jobs just those two activities are going to create

671
00:40:28.280 --> 00:40:36.200
to actually execute on that high paying jobs, engineers, analysts, coders, everything,

672
00:40:36.200 --> 00:40:41.720
the manufacturing of facilities to take to Mars to take to the moon. I mean, everybody wants to

673
00:40:41.720 --> 00:40:47.320
talk about the guy shaking perfume bottles losing his job when you're talking about millions of

674
00:40:47.320 --> 00:40:54.040
jobs on new opportunities for mankind that no one even could think about 24 months ago that have

675
00:40:54.040 --> 00:41:01.320
been announced today. So you either have to be a jaker, a doomser, like, you know, it's the end

676
00:41:01.320 --> 00:41:06.120
of the free world as we know it and we're all going to be eaten by robots. Or you're in my camps

677
00:41:06.120 --> 00:41:12.120
saying the opportunities so bright, I got to wear shades. I got to buy more sunglasses for how

678
00:41:12.120 --> 00:41:18.200
bright the future is. This is an unbelievable opportunity we're talking about and we're not

679
00:41:18.200 --> 00:41:25.320
wiping out jobs. We're creating new jobs that are very high paying and really interesting for

680
00:41:25.320 --> 00:41:32.600
people to do. Imagine somebody working on the Mars project or putting data centers in space

681
00:41:32.680 --> 00:41:40.280
or expanding the telecommunications on Starlink. I mean, these are the future jobs. You know,

682
00:41:40.920 --> 00:41:45.560
I think the person that was born to shake perfume would rather have a job getting people

683
00:41:45.560 --> 00:41:49.960
under the moon. Just on this point, Elon, you mentioned Elon's pay packet. Part of that is he

684
00:41:49.960 --> 00:41:56.680
gets that big payout if there are a hundred or a million humanoid robots in very short order.

685
00:41:56.680 --> 00:42:02.120
And when we think about who you might want to send to Mars, a super intelligent humanoid robot

686
00:42:02.120 --> 00:42:08.120
is probably much easier to send than a biological human being for various reasons to do with atmospheric

687
00:42:08.120 --> 00:42:13.880
pressure. But if he's right on both counts on both this journey to Mars and humanoid robots,

688
00:42:13.880 --> 00:42:19.000
presumably it'll be the humanoid robots going. Kevin, can you tell me how you might be wrong?

689
00:42:19.800 --> 00:42:23.960
I think that's quite important because I think it shows your ability to see both sides of the

690
00:42:23.960 --> 00:42:28.440
argument. Is there a case where you could be wrong about this? About this unemployment issue?

691
00:42:29.400 --> 00:42:31.960
No. How about that for an answer?

692
00:42:38.120 --> 00:42:44.360
Yeah, so look, I shouldn't laugh too hard because I'm trying to answer that same question in my head.

693
00:42:44.920 --> 00:42:52.760
And Stephen, it's hard to answer it from my perspective because the interregnum is just

694
00:42:52.840 --> 00:42:59.880
unaccounted for. So here's what I mean by that. So even if we have Kevin's beautiful sunshine

695
00:42:59.880 --> 00:43:05.560
scenario, none of the robots ever eat the children. I don't know why that keeps coming back in. But

696
00:43:05.560 --> 00:43:14.280
anyway, so and we create all these wonderful jobs and is some distant future. Well, okay, yes,

697
00:43:14.280 --> 00:43:19.400
but nevertheless the truck driver and the assembly line guy and all those folks already lost

698
00:43:19.400 --> 00:43:25.400
their jobs and the guy who lost his job on an assembly line in Cleveland is not going to be able

699
00:43:25.400 --> 00:43:31.560
to become the engineer who figures out how to get on Mars. So it's not that he's not capable of it.

700
00:43:31.560 --> 00:43:38.280
He's just 61 years old and he can't learn a whole new profession. So this is an unrealistic

701
00:43:38.280 --> 00:43:44.520
conversation. So even if all of the wonderful scenarios about AI or true, it would take

702
00:43:44.600 --> 00:43:51.160
minimum 20 years to get to this place where the robots are running everything. We all have leisure

703
00:43:51.160 --> 00:43:56.440
time and we just can't figure out what to do with ourselves. And we decide how to get to Venus and

704
00:43:56.440 --> 00:44:03.160
and Uranus and wherever else you want to go. Okay. But in the meanwhile, in those 20 years,

705
00:44:03.160 --> 00:44:09.720
we had massive waves of unemployment. It is indisputable. Even as Kevin explains it, he says,

706
00:44:09.720 --> 00:44:13.000
well, you know, you're not going to be doing the perfume shaking. You're not doing the assembly

707
00:44:13.000 --> 00:44:17.240
line. You're not doing the driver. You're not doing this. You're not doing that. All those jobs

708
00:44:17.240 --> 00:44:22.920
are going to go. And in fact, if you actually just listen to folks on Wall Street, they brag about

709
00:44:22.920 --> 00:44:28.280
it non-stop. Oh, we're going to get to, you know, cut 25 percent. We're going to have synergies.

710
00:44:28.280 --> 00:44:32.520
We're going to have cost cutting. And then when people say that everybody gets the analyst get

711
00:44:32.520 --> 00:44:36.280
excited and they're like, oh, bye, bye. They're going to get fire all their employees. And then

712
00:44:36.280 --> 00:44:40.040
the other guy goes, no, no, no, I'm going to fire them even quicker and then go, bye, bye, bye.

713
00:44:40.040 --> 00:44:45.400
And now once have they thought, who's going to buy the actual products? And they just don't

714
00:44:45.400 --> 00:44:51.480
have an answer for that. So into into ragnum, there is going to be upheaval, massive upheaval.

715
00:44:51.480 --> 00:44:57.000
And it doesn't. And I'm not a doomsday guy. My God, we have a thing called operation hope on

716
00:44:57.000 --> 00:45:04.280
on on the young Turks. We are sloganists get caught trying. No, no, I'm an enormously optimistic guy.

717
00:45:04.280 --> 00:45:09.000
And I think we can solve these issues. But we got to try to solve them. And I don't see anyone

718
00:45:09.000 --> 00:45:15.160
even trying to solve them now. Again, outside of rock on it. Kevin, I spoke to Dara, the CEO of Uber.

719
00:45:15.160 --> 00:45:19.480
And I think I'm right in saying that driving is the biggest employer in the world. And when I asked

720
00:45:19.480 --> 00:45:26.040
Dara, who's the CEO of Uber, if they're going to create autonomous vehicles very, very quickly to

721
00:45:26.040 --> 00:45:32.520
automate the 9.4 million driver jobs that they have, he said that they are. And then I asked him

722
00:45:32.520 --> 00:45:37.240
the question, what will those 9.4 million people do? And his response to me, the direct quote is he

723
00:45:37.240 --> 00:45:47.400
said, I don't know. Which is pretty, pretty shocking. He also noted that privately, he said, I have

724
00:45:47.400 --> 00:45:53.720
to be honest, AI will replace 9.4 million jobs at Uber, tech executives are not being transparent

725
00:45:53.720 --> 00:45:58.360
about AI. They talk behind closed doors about the sheer amount of disruption they anticipate.

726
00:45:58.920 --> 00:46:03.720
But they don't talk about it publicly. Look, I don't think we're going to make any progress,

727
00:46:03.720 --> 00:46:09.080
more progress on this issue. So because... Well, I think you're bringing a great point

728
00:46:09.080 --> 00:46:14.440
for the factors we don't know. We don't know what comes next. Much of the reason most people

729
00:46:14.440 --> 00:46:19.160
haven't posted content or got their personal brand is because it's hard and it's time consuming.

730
00:46:19.160 --> 00:46:24.600
And we're all very, very busy. And if you've never posted something before, there's so many

731
00:46:24.600 --> 00:46:29.000
factors in your psychology that stop you wanting to post. What people will think of you,

732
00:46:29.080 --> 00:46:34.520
am I doing this right? Is the thing I'm saying absolutely stupid? All of these result in paralysis,

733
00:46:34.520 --> 00:46:39.720
which means you don't post and your feed goes better. I'm an investor in a company called

734
00:46:39.720 --> 00:46:43.480
Stanstorch. You've probably heard me talk about and what they've been building is this new tool

735
00:46:43.480 --> 00:46:48.120
called Stanley that uses AI, looks at your feed, looks at your tone of voice, looks at your history,

736
00:46:48.120 --> 00:46:53.160
looks at your best performing posts and tells you what you should post, makes those posts for you.

737
00:46:53.160 --> 00:46:57.480
You can also just use it for inspiration. And sometimes what we need when we're thinking about

738
00:46:57.480 --> 00:47:01.640
doing a post for our social media channels is inspiration. Building an audience has

739
00:47:01.640 --> 00:47:06.280
fundamentally changed my life and I think it could change yours too. So I'm inviting you to give

740
00:47:06.280 --> 00:47:11.960
this new tool a shot and let me know what you think. All you have to do is search coach.standboxdoor

741
00:47:11.960 --> 00:47:21.320
now to get started. Just making myself a delicious coffee. From the freezer. You're not

742
00:47:21.480 --> 00:47:26.680
about to come to you. Oh my gosh. This is going to change your life. A couple of months ago the

743
00:47:26.680 --> 00:47:32.280
founder of this business called Matt sent a big shipment of this coffee to our office in London.

744
00:47:32.280 --> 00:47:36.520
What most people don't know is that the processing of coffee takes out a lot of the taste. So what they

745
00:47:36.520 --> 00:47:42.840
do is they flash freeze it at the optimal moment when it's most tasty. And they send you in the

746
00:47:42.840 --> 00:47:47.880
post the coffee in these little frozen ice cubes. Now Matt sent a big shipment to my office. I

747
00:47:47.880 --> 00:47:51.880
moved it to the kitchen. I said to the team knock yourselves out. And then I saw so many messages

748
00:47:51.880 --> 00:47:57.000
in our Slack channel of people going oh my god what the hell is that? It's so delicious. All I

749
00:47:57.000 --> 00:48:01.560
have to do is pop it out in the morning using the little button on the back of this thing. I pour

750
00:48:01.560 --> 00:48:08.840
my hot water in and I mix it and that is done. You can get $30 off your first order of

751
00:48:08.840 --> 00:48:15.720
commenting a coffee if you go to comatier.com slash Stephen. Try it and please Instagram DM me

752
00:48:15.720 --> 00:48:21.640
linked in me and let me know if you love it as much as I do. One of the things that's probably

753
00:48:21.640 --> 00:48:28.200
going to be a disruptor to AIs so I should say America's ability to pursue these technologies is

754
00:48:28.200 --> 00:48:32.840
what's going on with president approval ratings at the moment. I've got this graph here in front of

755
00:48:32.840 --> 00:48:37.240
me which you know you don't need to be able to zoom in to see which shows that president Trump's

756
00:48:37.240 --> 00:48:41.480
approval rating is declining rapidly in part because of what's going on in the middle east.

757
00:48:41.480 --> 00:48:46.200
I wanted to get Jank your opinion on what all of this stuff is. Someone like me I don't really

758
00:48:46.200 --> 00:48:50.680
know much about politics. I know that there's these midterms coming up in November time in the US

759
00:48:51.560 --> 00:48:58.120
which is going to be consequential but from a 30,000 foot perspective how do I how do I pass out

760
00:48:58.120 --> 00:49:01.800
the truth of this war because Trump seems to be saying different things every day there's a cease

761
00:49:01.800 --> 00:49:05.880
fire with Iran and then there's and then they're bombing again I think two days ago they started

762
00:49:05.880 --> 00:49:09.880
bombing again which they called defensive strikes and then there's a cease fire and he says there's

763
00:49:09.880 --> 00:49:13.960
a deal about to be done and then there's some bombing again the straight straight of home news is

764
00:49:13.960 --> 00:49:17.720
open then it's closed and it's I just don't know what the truth is. Jank in your opinion what is

765
00:49:17.720 --> 00:49:23.800
the truth what's going on. Yeah so first let's start with the president's polling numbers yeah they've

766
00:49:23.800 --> 00:49:28.360
been decimated by this war they were already in trouble because of the Epstein files and he didn't

767
00:49:28.360 --> 00:49:33.640
do anything about affordability just given massive tax cuts for the rich as usual did whatever

768
00:49:33.640 --> 00:49:42.920
Israel wants as usual and so now you know he's eaten into his own base so he's barely hang on to

769
00:49:42.920 --> 00:49:50.360
a majority of non-Maga Republicans that voted for him only 53% still support him he's lost about 20

770
00:49:50.360 --> 00:49:57.480
percent of hardcore Maga his disapproval numbers are at record numbers now 68% of the country

771
00:49:57.480 --> 00:50:03.960
things were going in the wrong direction he they the about 76% of their country is dissatisfied

772
00:50:03.960 --> 00:50:09.480
with how their economy is going and a lot of that is because of the war and so the war is obviously

773
00:50:09.480 --> 00:50:16.520
driving up gas prices which is then leading to inflation in other areas of course a lot of things

774
00:50:17.160 --> 00:50:22.600
use not just oil and gas but fertilizer which has also been blocked through the straight of

775
00:50:23.560 --> 00:50:29.720
so we're we're having an energy crisis actually mainly in Asia and Europe more so than

776
00:50:29.720 --> 00:50:35.000
than even America so that's why the South Koreans are livid at the Israelis that they're having to

777
00:50:35.000 --> 00:50:41.400
because you know conserve gas and go through lean times because Israel wanted this war and literally

778
00:50:41.400 --> 00:50:48.920
no one else on planet earth did and so not shortages in India and this is all before we re-engage

779
00:50:48.920 --> 00:50:54.840
and restart the war which is what I'm afraid is going to come next so now it's some folks have

780
00:50:54.840 --> 00:51:00.680
a hard time believing this but we we have to go back to a conversation we had earlier remember in

781
00:51:00.680 --> 00:51:08.760
America we legalize bribery so one corporation can give to an infinite amount to a super PAC

782
00:51:09.640 --> 00:51:14.520
corporate interest lobbyists individuals to give you a sense of scale of the problem

783
00:51:14.600 --> 00:51:20.200
a one family alone the Adelson family Miriam and Sheldon Adelson have given Donald Trump over

784
00:51:20.200 --> 00:51:26.600
$317 million in campaign contributions we used to have a word for that it was called a bribe

785
00:51:27.240 --> 00:51:33.560
and Trump is so accidentally honest on this stuff he just can't keep anything in his head

786
00:51:33.560 --> 00:51:39.560
uh from going outside his mouth so he has said oh Miriam she cares more about Israel than America

787
00:51:40.360 --> 00:51:44.920
I'm like no that's super awkward and then he says oh Sheldon Adelson used to come in here and tell

788
00:51:44.920 --> 00:51:49.480
me what to do all the time and then I did it you know and I moved the embassy for the Adelson's

789
00:51:49.480 --> 00:51:54.760
our embassy in Israel he's just you know basically selling off our foreign policy to be fair to him

790
00:51:54.760 --> 00:51:59.480
almost all of our politicians do that uh Israel gives to 94% of Congress so

791
00:52:00.120 --> 00:52:06.280
there Israel is not some unique lobbyists that uh community that is unseen in the world

792
00:52:06.280 --> 00:52:12.200
know all the lobbyists do this that's why we give 35 billion dollars in uh oil subsidies which

793
00:52:12.760 --> 00:52:16.760
they're profitable companies that makes no sense why does an average person have to give money

794
00:52:16.760 --> 00:52:22.600
tax on mobile that's insanity because big farmers lobby is so strong we can't negotiate prices

795
00:52:22.600 --> 00:52:27.240
now when it comes to Israel that's when people lose their minds and makes sure me to go okay you

796
00:52:27.240 --> 00:52:31.240
write about big farmer you write about big oil and defense contractors and every other lobby

797
00:52:31.240 --> 00:52:35.480
but if you see the same exact thing about Israel we'll call you an anti-Semite

798
00:52:35.480 --> 00:52:40.760
and castle you and you're never going to ever get another job again no criticism of Israel is

799
00:52:40.760 --> 00:52:47.560
allowed without us doing massive oppression inside this country so we've now got Israel that is

800
00:52:47.560 --> 00:52:55.000
totally empowered to go you know rogue they don't follow any laws they don't follow the laws of

801
00:52:55.000 --> 00:52:59.400
war crimes they've now invaded Lebanon they say they're going to take all the way to the Latani

802
00:52:59.400 --> 00:53:06.280
river they're going to own southern Lebanon they've already ethnically cleanse southern Lebanon

803
00:53:06.280 --> 00:53:11.960
moved out a million people they ethnically cleanse Gaza Netanyahu on tape bragged about oh we used to have

804
00:53:11.960 --> 00:53:18.360
53% of Gaza after the war uh now we have over 60% so it was to steal land that's what it was about

805
00:53:18.360 --> 00:53:23.800
it wasn't self defense Lebanon's not self defense Israel invaded them Iran's not self defense we

806
00:53:23.800 --> 00:53:29.800
invaded Iran this war was utterly pointless especially from an American perspective let me tell

807
00:53:29.800 --> 00:53:33.400
you what American interests are and what Israeli interests are and they're very very different

808
00:53:34.120 --> 00:53:38.040
in America right now because of we started this war we need the straight of Hormuz open that's

809
00:53:38.040 --> 00:53:42.600
what's hurting our gas prices and all of our other prices and affordability inflation all of that

810
00:53:42.600 --> 00:53:47.160
is connected to the straight of Hormuz we didn't have that problem before the war but now we have it

811
00:53:47.160 --> 00:53:51.320
we've got to open it back up in order to do that Iran has an enormous amount of leverage we've

812
00:53:51.320 --> 00:53:56.200
got to make a reasonable peace deal good news we're about to have one over this weekend and

813
00:53:57.000 --> 00:54:03.000
all we want theoretically is for them to take out their to not make nuclear weapons and they've

814
00:54:03.000 --> 00:54:06.760
already promised 18 different times they wouldn't knew that they did it under the Obama deal they've

815
00:54:06.760 --> 00:54:11.800
offered it before the war they've offered it during the war so that is not an issue and then promising

816
00:54:11.800 --> 00:54:16.280
it doesn't mean anything it has to be verified so what they're saying is yes we will have international

817
00:54:16.280 --> 00:54:21.080
monitors verify that we will not have a weapon so that's the only thing that America said they

818
00:54:21.080 --> 00:54:27.160
cared about before the war so then we're done and we just killed 49 of their top regime leaders

819
00:54:27.720 --> 00:54:32.520
Trump says we destroyed their navy their air force and everything else we're done we have no

820
00:54:32.520 --> 00:54:37.160
American interest in there the only interest left is leave open up the straight of Hormuz so we

821
00:54:37.160 --> 00:54:41.720
can get our economy back on track Israel on the other hand has said they would like and again this

822
00:54:41.720 --> 00:54:48.040
is on tape Netanyahu said it they would like to be the only regional superpower in the Middle East in

823
00:54:48.040 --> 00:54:53.240
order to do that they have to destroy every other power in the Middle East now good news for them

824
00:54:53.240 --> 00:54:58.920
they completely control our Congress and our presidents so they got us they literally gave us a

825
00:54:58.920 --> 00:55:05.160
list after 9-11 of seven countries they wanted us to attack on their behalf we have attacked

826
00:55:05.160 --> 00:55:11.960
all seven Iran was the last one on that list so they want them destroyed so that they can't

827
00:55:11.960 --> 00:55:17.240
fight back when Israel takes more land as they are doing today they don't want anyone to be able to

828
00:55:17.240 --> 00:55:23.560
defend themselves they're going to kill and take land as much as humanly possible and they want

829
00:55:23.560 --> 00:55:29.960
us Americans to pay the bill they say you owe us a genocide you owe us endless string of wars

830
00:55:29.960 --> 00:55:34.840
you owe us a global war on terror no that was a global war on Israel's neighbors that cost us

831
00:55:34.840 --> 00:55:42.600
eight trillion dollars we gave 320 billion dollars to Israel so far already lifetime why why

832
00:55:42.680 --> 00:55:47.320
why don't they give us the money back Jake no they say you owe us you owe us you owe us that's why

833
00:55:47.320 --> 00:55:52.760
we're in this war we and by the way last thing Stephen is while we're all distracted and Iran

834
00:55:52.760 --> 00:55:58.200
Israel has taken southern Lebanon and now they're saying they're going to keep it forever so that

835
00:55:58.200 --> 00:56:05.480
was the point of this war 100% Israeli interests 0% American interests let's get out of there

836
00:56:05.480 --> 00:56:10.280
that stuff fighting Israel's wars for them and come back home what about nuclear weapons

837
00:56:10.440 --> 00:56:14.760
one of the pretenses is that they were weeks away from enriching uranium to a point where that

838
00:56:14.760 --> 00:56:19.080
weapon could be used yeah so that's what Netanyahu has been saying for the last 30 years

839
00:56:19.800 --> 00:56:25.080
it back in the 1990s oh they're weeks away they're weeks away do you know and you probably don't

840
00:56:25.080 --> 00:56:29.320
know because American media pretty much works for Israel and then when I say that guys those are not

841
00:56:29.320 --> 00:56:36.360
hyperbole the Israeli lobby don't donates I would say legally bribes like the other lobbies do

842
00:56:37.320 --> 00:56:43.480
94% of congress number one lifetime donor Donald Trump is Israel number one lifetime donor

843
00:56:43.480 --> 00:56:48.680
to Joe Biden number one lifetime donor to Kim Jeffries Chuck Schumer Mike Johnson all of our leaders

844
00:56:48.680 --> 00:56:53.720
their number one lifetime donor is a pack and Israeli lobby they completely control our government

845
00:56:53.720 --> 00:56:58.600
and then our media comes and lies to us and says oh they're the victims well we have eyes we saw

846
00:56:58.600 --> 00:57:06.280
Gaza Gaza's utterly destroyed and Israel did that with our money that's insane so

847
00:57:06.280 --> 00:57:12.200
no we look is I don't even think Israel's an ally I don't know why in the world we would ever

848
00:57:12.200 --> 00:57:17.320
sover foreign nation they're treading all over us they've taken our sovereignty away they've

849
00:57:17.320 --> 00:57:22.840
taken our freedom away and all we have is these doops and mainstream media telling us about how

850
00:57:22.840 --> 00:57:28.280
they're doing self defense well part of self defense is I take your land currently they're taping

851
00:57:28.280 --> 00:57:35.560
themselves going into IDF soldiers are going into Lebanese homes muslims and Christians stealing all

852
00:57:35.560 --> 00:57:40.200
their property then they put it on on line go hi look we stole all their things then they

853
00:57:40.200 --> 00:57:45.080
destroy the homes and they say now this is Israeli territory that's not self defense that's

854
00:57:45.080 --> 00:57:51.080
terrorism it we are supporting a terrorist nation and we're giving them hundreds of billions of

855
00:57:51.080 --> 00:57:57.000
dollars and this isn't even helping Israel we're enabling their worst instincts and they're getting

856
00:57:57.000 --> 00:58:02.200
the whole world to hate them how does that help Israel to have the whole world despise you because

857
00:58:02.200 --> 00:58:08.760
you're so selfishly driving up everyone's prices and creating endless words literally no other

858
00:58:08.760 --> 00:58:15.160
country on earth wants this war and Iran to continue other than Israel Kevin you have a different

859
00:58:15.160 --> 00:58:20.440
perspective on the effectiveness and purpose of the the original strikes that Trump did are you

860
00:58:20.440 --> 00:58:27.640
supportive of this military operation at large well you know I'm not a show for any politician I

861
00:58:27.640 --> 00:58:33.320
focus on policy because that's ultimately what survives politicians come and go policy lingers

862
00:58:33.880 --> 00:58:39.800
well we said that and that's has an investor which you have to worry about so let's talk about

863
00:58:39.800 --> 00:58:47.320
the situation in the Middle East for about 49 years some people would say 60 it depends what

864
00:58:47.320 --> 00:58:54.440
you believe in the early years the Persians are we're a very advanced society in mathematics poetry

865
00:58:54.440 --> 00:59:02.120
art you name it they're very famous and then you have this small I'm going to call it bad

866
00:59:02.120 --> 00:59:08.840
management I don't know what else to call it that took this society brutalized the people there

867
00:59:09.480 --> 00:59:20.520
created a million man army run by 150,000 people a super militia that caused a lot of chaos

868
00:59:20.520 --> 00:59:28.760
in that region with proxies as people have been talking about and the this militia is paid with cash

869
00:59:28.760 --> 00:59:36.760
that's gotten from the sales of energy and they would stop killing their own people if they didn't

870
00:59:36.760 --> 00:59:43.480
get paid so that the 150,000 around that country the brutalized the almost a hundred million others

871
00:59:44.120 --> 00:59:49.400
I mean it's a really strange platform that hasn't worked for the people there for 60 years

872
00:59:49.960 --> 00:59:56.120
but it was tolerated by all the neighbors until six months ago the United Arab Emirates

873
00:59:56.760 --> 01:00:04.840
Bahrain Qatar Saudi Arabia they wanted to stay out of it because it was you know it was relatively calm

874
01:00:04.840 --> 01:00:10.920
every six months the hoodies are one of the Iranian proxies would blow up an oil ship kept the

875
01:00:10.920 --> 01:00:18.120
insurance premiums 30% higher and then the proverbial poop will hit the fan now China let's get

876
01:00:18.120 --> 01:00:26.120
down to business gets 48% of its energy through that straight as does many other Asian countries so

877
01:00:26.120 --> 01:00:35.080
they as Jake pointed out you know basically are underwater they don't have energy

878
01:00:35.880 --> 01:00:41.720
Jack I should say so you know at the end of the day here there's a problem and so what's going

879
01:00:41.720 --> 01:00:49.400
to happen when this is over forget about look you can't let a you can't let a society that 150 people

880
01:00:50.600 --> 01:00:56.680
there say let's kill everybody I mean they're on a different kind of mandate that they they're a

881
01:00:56.680 --> 01:01:01.160
little a little strange you don't want to give those people a nuclear bomb I don't care who you

882
01:01:01.160 --> 01:01:06.200
are they're just off side and they're happy to kill their own people but I don't want them killing

883
01:01:06.200 --> 01:01:11.400
everybody else with inter ballistic missiles so no they can't have 90 pounds of a rich uranium

884
01:01:11.400 --> 01:01:16.440
and they're not going to get it and they're going to keep getting bombed until they give it up

885
01:01:16.440 --> 01:01:21.880
and at some point somebody in there is going to say whoa they're really we're getting tenderized

886
01:01:21.880 --> 01:01:26.520
in here and we got to stop this and we got to get the best deal we can we want to stay in power

887
01:01:26.520 --> 01:01:33.320
to keep killing our people as long as we can because we're the 150,000 guys that live very well

888
01:01:33.320 --> 01:01:38.120
and everybody else lives like crap and that's just the way that society works and if the people

889
01:01:38.120 --> 01:01:43.320
want to rise up and kill 150 that are killing them they will one day I don't know but here's what I

890
01:01:43.320 --> 01:01:52.040
think I think the actual countries around there are going to end up in the same boat that we have in

891
01:01:52.040 --> 01:01:58.040
the Suez and Panama canals where there's a fee to go through but it's managed so that no country

892
01:01:58.040 --> 01:02:04.200
including China gets to run it and so that has already found peace and all the shipping lanes

893
01:02:04.200 --> 01:02:09.160
are open and the insurance rates are normal there so if you're Saudi Arabia you got let's say

894
01:02:09.160 --> 01:02:16.040
it costs five billion a month to police the straight okay and that's a good number because I'm

895
01:02:16.040 --> 01:02:22.360
probably right pretty close to it that's nothing for the UAE and for Saudi Arabia and Qatar

896
01:02:23.080 --> 01:02:28.440
they're going to need it open so if they have to be like the United Nations for that region and keep

897
01:02:28.440 --> 01:02:35.800
it open that's great now I'm staying long the UAE because I've invested there in the ADGM I have

898
01:02:35.800 --> 01:02:41.080
a company there I've got employees there I talk them every day I think this is going to end soon

899
01:02:41.080 --> 01:02:48.360
but I would like to see it in a way that Iran is isolated maybe you know they're not they can't

900
01:02:48.360 --> 01:02:53.240
control the straight and they can't have the nukes those are the two things that I think have to

901
01:02:53.240 --> 01:02:58.600
be resolved and then if they want to brutalize their people forever okay you know they're going to

902
01:02:58.600 --> 01:03:04.520
do that it's a horrible outcome for those people I feel terrible for them but this outcome is a good

903
01:03:04.520 --> 01:03:10.680
one if we resolve those two things new policing of the straight that would be great because the Chinese

904
01:03:10.680 --> 01:03:16.200
need that they want that and at some point they're going to squeeze the heads of these Iranian

905
01:03:16.200 --> 01:03:20.760
leaders whoever they are they keep getting killed and a new one pops up like whack a mole but that's

906
01:03:20.760 --> 01:03:26.840
just the way that regime works and nobody's willing to to say look I want to take them over because

907
01:03:26.840 --> 01:03:34.440
you've got the army still being paid but by blocking that straight for the last 60 days the

908
01:03:34.440 --> 01:03:43.720
the amount of money they're losing is 210 million US dollars per 24 hours so at some point

909
01:03:44.360 --> 01:03:49.000
whoever's running the show there's going to say if we can't pay our soldiers to kill our people

910
01:03:49.000 --> 01:03:54.680
we're going to be screwed they're going to come up to the top of the castle and take Frankenstein out

911
01:03:54.680 --> 01:04:00.040
so we got to make sure we cut a deal that's why I'm optimistic the price of oil is down to almost

912
01:04:00.040 --> 01:04:06.760
16% it'll get back near 70 I don't know what that's going to do for the midterms because you know

913
01:04:06.760 --> 01:04:10.760
yeah the numbers are terrible but every incumbent gets screwed in the midterms it's it's just the

914
01:04:10.760 --> 01:04:15.400
nature of how it works now whether they lose the Senate I don't know or they can lose the house

915
01:04:15.400 --> 01:04:21.240
who knows but if the gasoline's back to 70 bucks we won't be having this narrative about

916
01:04:21.240 --> 01:04:27.320
unaffordability around energy in the United States and you just don't know but I do know

917
01:04:27.960 --> 01:04:38.200
that the status quo because the UAE and Qatar and Bahrain left those Iranians alone until they

918
01:04:38.200 --> 01:04:46.360
rained missiles on them now they're pissed and so it's not business as usual and so I think think

919
01:04:46.360 --> 01:04:52.280
that the winds of change are going to blow through there and maybe the upside is the great Persian

920
01:04:52.280 --> 01:04:56.360
people get better leadership because boy they're leaders suck.

921
01:04:56.360 --> 01:05:02.120
Jen it sounds like an optimistic outcome is being forecasted by Kevin and I can see you nodding

922
01:05:02.520 --> 01:05:09.480
that in a disagreement shaking you head yeah so look again I'm normally an optimist here but we've

923
01:05:09.480 --> 01:05:17.080
gotten ourselves in some significant ruts here so first of all you know this whole idea the Iranian

924
01:05:17.080 --> 01:05:21.640
regime is bad okay yeah it is it's Muslim fundamentalists I don't like fundamentalists of any

925
01:05:21.640 --> 01:05:27.400
religion I'm an atheist you know they abuse their people and their corrupt no question about it

926
01:05:27.640 --> 01:05:33.480
Netanyahu's corrupt is up on corruption charges that seem to never come the Israeli settlers are

927
01:05:33.480 --> 01:05:39.080
religious fundamentalists biggest lunatics on earth they think that God said to kill the Palestinians

928
01:05:39.080 --> 01:05:44.120
and take their land and we fund them we give them billions of dollars so I'm not in favor of

929
01:05:44.120 --> 01:05:48.920
any of these fundamentalists no matter what religion they're from now on the issue of nukes

930
01:05:48.920 --> 01:05:52.600
that you asked about earlier Stephen you know that the reason I brought up American

931
01:05:52.600 --> 01:05:57.240
media is because they do pretty much do nothing but Israeli propaganda they never clarified to

932
01:05:57.240 --> 01:06:04.200
anyone you know that Iran doesn't have a missile that can deliver any warhead to America it just

933
01:06:04.200 --> 01:06:09.000
doesn't it's the it's never had it it didn't have it 30 years ago when Netanyahu started saying

934
01:06:09.000 --> 01:06:13.960
it it doesn't have it today so and they never enriched uranium up to 90% which is where you would

935
01:06:13.960 --> 01:06:18.680
have to get it for weapons grade they get up to about 60% and then we destroy their nuclear facilities

936
01:06:18.680 --> 01:06:23.400
and trump ragged about it and now all that's buried underneath so where's the question they're not

937
01:06:23.400 --> 01:06:30.280
even close and and again they've promised not only to this repeatedly in negotiations but the

938
01:06:30.280 --> 01:06:35.320
former grand a total the one we murdered had done a fought what the most important religious

939
01:06:35.320 --> 01:06:40.760
edict in Shia Islam when he said that we are to never build nukes so when they Hamas has something

940
01:06:40.760 --> 01:06:44.840
in their charter the Israeli say oh the charter is the most important thing then the grand a total

941
01:06:45.000 --> 01:06:49.400
does a fought away important more important than a charter and they go ignore that they ignore that

942
01:06:49.400 --> 01:06:54.680
no no don't ignore that and why would Iran ever use a nuke if they use a nuke then we either

943
01:06:54.680 --> 01:06:59.640
Israel or us would strike back and we'd kill 90 million Iranians nobody wants that they want

944
01:06:59.640 --> 01:07:05.960
you to believe that the Iranians are irrational psychotic terrorists boo their Muslims oh that's

945
01:07:05.960 --> 01:07:11.880
super scary right no there is any rational government in the Middle East it's it's Israel

946
01:07:12.840 --> 01:07:17.960
Iran did not attack a single neighbor Israel has attacked seven neighbors Iran has an

947
01:07:17.960 --> 01:07:24.600
ask us for a single dollar Israel asks us for hundreds of billions of dollars so there's one country

948
01:07:24.600 --> 01:07:30.200
that is constantly attacking their neighbors and taking land and by the way the there's civilian

949
01:07:30.200 --> 01:07:36.360
kill ratio of the IDF is 83% 83% of the people that they kill are civilians that is higher than

950
01:07:36.360 --> 01:07:42.760
Hamas or Hezbollah or any terrorist group on earth and they kill about a hundred times the

951
01:07:42.760 --> 01:07:49.800
civilians of Hamas so if Hamas is terrorists it is absolutely indisputable that Israel is a terrorist

952
01:07:49.800 --> 01:07:54.360
government and yet we're forced to fund that when we don't have any money they have universal

953
01:07:54.360 --> 01:07:58.920
healthcare they have free college they have paid family leave we don't have any of that

954
01:07:58.920 --> 01:08:05.080
and then our greedy and corrupt politicians and media tell us that we owe the Israelis more war

955
01:08:05.080 --> 01:08:09.320
and more genocide the reason why I think we're in a lot of trouble here and it's not going to be

956
01:08:09.320 --> 01:08:14.760
easy to resolve is every time we get close to peace Nanyahu calls Trump literally happened this

957
01:08:14.760 --> 01:08:21.720
weekend right after the call Trump then goes back to warmongering after the call we bombed Iran

958
01:08:21.720 --> 01:08:27.560
Israel started heavy bombing of Lebanon and then Trump came up with three new totally impossible

959
01:08:27.560 --> 01:08:32.760
things give me all the highly arranged enriched uranium on day one well it's buried under the

960
01:08:32.760 --> 01:08:38.360
ground it's gonna take months to take out number two you all have to join the Abraham Accords the

961
01:08:38.360 --> 01:08:43.640
Abraham Accords again American media paints it as oh this wonderful peace plant it's no such thing

962
01:08:43.640 --> 01:08:48.440
it's to normalize relations with Israel and start doing trade with Israel without getting a

963
01:08:48.440 --> 01:08:53.000
promise back that they're going to end the occupation it is betraying the Palestinians and saying

964
01:08:53.000 --> 01:08:58.440
the Israelis can permanently occupy them by the way again never talked about an American media

965
01:08:58.680 --> 01:09:03.160
we read a lot of this in the Israeli press and that's why we get a lot of our information on the

966
01:09:03.160 --> 01:09:07.800
young Turks from them because they actually do pretty good reporting in Israel and so one of the

967
01:09:07.800 --> 01:09:12.120
things is they believe in greater Israel they talk about it all the time our press never talks

968
01:09:12.120 --> 01:09:16.360
about it but they do they know they stole our nuclear secrets they know they stole our nuclear

969
01:09:16.360 --> 01:09:23.000
triggers and our uranium what kind of an ally steals all of our material and so but last

970
01:09:23.960 --> 01:09:29.720
the most important impossible thing was Nanyahu demanded he made this public that everyone else

971
01:09:29.720 --> 01:09:35.000
stopped fighting except Israel that they have a right to keep attacking and invading and taking

972
01:09:35.000 --> 01:09:41.480
southern Lebanon well that's not a peace deal nobody's gonna sign on to that so and and

973
01:09:41.480 --> 01:09:46.760
Israel has said no matter what happens they're gonna keep attacking Lebanon that means even if

974
01:09:46.840 --> 01:09:51.800
Iran and America make a peace deal Israel will literally ruin it on a first day

975
01:09:52.600 --> 01:09:57.720
so we can't ever get the peace as long as we're allies with Israel it's literally impossible

976
01:09:57.720 --> 01:10:02.520
they're massive warmongers and they say we need endless wars and by the way it makes sense

977
01:10:02.520 --> 01:10:08.520
because they're a settler colony in order for a settler settler colony to expand you need

978
01:10:08.520 --> 01:10:13.960
permanent war so they can keep taking more land we shouldn't be funding these terrorists so

979
01:10:13.960 --> 01:10:18.760
we have a way of getting out this is what you do you just say hey we make a peace deal with Iran

980
01:10:18.760 --> 01:10:23.480
we take Israel out of it Israel you want peace you have peace if you want more have war with Iran

981
01:10:23.480 --> 01:10:28.200
it's not our business so what's what what are you predicting Jank is gonna happen what is your

982
01:10:28.200 --> 01:10:33.240
prediction disaster disaster disaster disaster disaster so there's no way we're gonna get to peace

983
01:10:33.240 --> 01:10:38.040
because Israel says they're lying in the sand is they're gonna keep attacking Lebanon as long as they

984
01:10:38.040 --> 01:10:42.040
keep attacking Lebanon Iran is not gonna get to a peace deal what does disaster mean

985
01:10:43.000 --> 01:10:48.920
oh disaster means we re-engage in the bombing we have 50,000 ground troops on those ships

986
01:10:48.920 --> 01:10:52.520
people forgot that we're there of course it has to be American ground troops it can't be

987
01:10:52.520 --> 01:10:56.840
precious Israeli ground troops because Israeli lives are apparently worth more than American

988
01:10:56.840 --> 01:11:02.360
lives if you listen to American politicians so we have the ground troops there we're gonna very

989
01:11:02.360 --> 01:11:07.960
likely do more disastrous bombing of Iran and then Iran is going to bomb the oil and gas fields

990
01:11:08.040 --> 01:11:13.880
of the Gulf countries and then not only will gas prices go absolutely through the roof and

991
01:11:13.880 --> 01:11:21.800
cause a massive economic recession perhaps depression worldwide but on top of that then they're

992
01:11:21.800 --> 01:11:27.720
gonna say well it's not enough we want more and the infrastructure is already destroyed it's

993
01:11:27.720 --> 01:11:32.840
gonna take five to ten years to rebuild that infrastructure they're going to do permanent

994
01:11:32.920 --> 01:11:39.880
damage to our economy why they want more land enough enough was supporting the terrorists

995
01:11:39.880 --> 01:11:44.280
Kevin is it fair to say if you look at what Trump said over since the start of this war

996
01:11:44.280 --> 01:11:49.320
that he miscalculated this because he gave us a window of time when it would be over and that

997
01:11:49.320 --> 01:11:53.720
window of time is now long gone and it appears to me like he thought it'd be similar to Venezuela

998
01:11:53.720 --> 01:11:59.240
where you could just go in there bum bum bum raging change you control the country but that's

999
01:11:59.240 --> 01:12:02.360
clearly I mean just like a logical impartial person that's kind of like how it looks

1000
01:12:03.800 --> 01:12:08.760
this is different because this war is what I would call the first tech war

1001
01:12:09.960 --> 01:12:17.480
ever a lot of the ordinance being used is with very advanced GPS systems control from space

1002
01:12:18.200 --> 01:12:22.760
we've learned something else which is right rather interesting the I learned this

1003
01:12:22.760 --> 01:12:29.560
well employees that are sitting in Abu Dhabi in Dubai the drones that came over in the first four

1004
01:12:29.560 --> 01:12:37.400
weeks those waves every morning were basically carbon fiber wings with lawn war engines on them

1005
01:12:38.360 --> 01:12:43.880
and and very inexpensive to make about thirty five thousand dollars and we shot them down or at

1006
01:12:43.880 --> 01:12:49.720
least the way he did with American ordinance between a million two and three million dollars

1007
01:12:49.720 --> 01:13:00.040
per missile on a thirty five thousand dollar homemade drone and so it goes back to wow I hope

1008
01:13:00.040 --> 01:13:07.000
the Pentagon has enough compute power because I wouldn't want that in the hands of the Chinese

1009
01:13:07.000 --> 01:13:13.400
because I what I've learned from this conflict and look that you know people dying is horrible

1010
01:13:13.400 --> 01:13:19.240
period wherever they are it's just horrible but this is not a traditional war I don't know

1011
01:13:19.240 --> 01:13:22.840
if there's going to be boots on the ground by the time this is over if there's another wave

1012
01:13:22.840 --> 01:13:29.880
of conflict it's just going to be more ordinance taking out more infrastructure until the 150,000

1013
01:13:29.880 --> 01:13:37.080
people running the show there say wow this is really hurting us in terms of maintaining control

1014
01:13:37.720 --> 01:13:44.200
I don't see a boots in the ground invasion I just see more tenderizing and more tenderizing

1015
01:13:44.200 --> 01:13:49.720
it's expensive because we're on the wrong side of defense we need the cheap drones and I think in

1016
01:13:49.720 --> 01:13:55.320
two years from now from what I see in the development because I see these deals all over the place

1017
01:13:55.320 --> 01:14:00.920
there's a whole bunch of new tech being developed around drone walking technology and very

1018
01:14:00.920 --> 01:14:07.560
inexpensive versions of what those Iranians built better than lawn war engines though so it's

1019
01:14:07.560 --> 01:14:14.840
going to be pretty interesting in 24 months I'm not a fan of war but I have a different view

1020
01:14:14.840 --> 01:14:20.040
of the outcome here and I think that part of the world is going to be stabilized and funded by

1021
01:14:20.040 --> 01:14:25.720
the neighbors there and probably everybody's better off because the Chinese can't take the

1022
01:14:25.720 --> 01:14:34.040
pain much longer their oil supplies both on the water and in storage are starting to really

1023
01:14:34.040 --> 01:14:39.080
dwindle and if I'm the big supreme leader there I'm thinking to myself I'm going to call those

1024
01:14:39.080 --> 01:14:46.280
guys in Iran say okay big boys time to settle we've had enough because that that is actually

1025
01:14:47.320 --> 01:14:52.840
a different view of that policy over there because every Asian country is hurting them by the way

1026
01:14:52.840 --> 01:14:59.080
in North America we actually don't have any problems with energy we have an abundance of it

1027
01:14:59.080 --> 01:15:05.320
including the stuff coming from Canada the number one import the problem we have is the price

1028
01:15:05.320 --> 01:15:12.120
of oil is determined by world markets it's a commodity in US dollars you know it was 106 now it's

1029
01:15:12.120 --> 01:15:20.280
9712 whatever it is trading right now it's but we're not going to run out of energy in America

1030
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that's not going to happen it's it's the rest of the world to the extent that we care about them

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1057
01:17:45.480 --> 01:17:51.880
the thing that I think America's at risk of running out of Kevin there is is patients and a support

1058
01:17:52.440 --> 01:17:57.240
and if you think about the sort of existential risk to Trump he you know if you looking at these

1059
01:17:57.240 --> 01:18:02.280
numbers so this this first line you see is this disapproval going up and his approval going down

1060
01:18:02.280 --> 01:18:07.880
if I'm the supreme leader in Iran I go listen this guy has got I mean there's an election in

1061
01:18:07.880 --> 01:18:14.280
2028 in the United States this guy has got months so in terms of you talk about you know the art of

1062
01:18:14.280 --> 01:18:19.240
the deal and doing a good deal if you know your counterparty in the deal negotiation literally has

1063
01:18:19.240 --> 01:18:25.320
months to do a deal or they are going to be thrown out of power I found one of those 150,000

1064
01:18:25.320 --> 01:18:30.280
people or the supreme leader honestly I'm going to wait it out I think I have all the cards if you have

1065
01:18:30.280 --> 01:18:34.760
almost no you know they can survive again you said they oppress their people they don't seem to

1066
01:18:34.760 --> 01:18:39.000
have much morality surrounding that could they wait it out a couple of months knowing that Trump

1067
01:18:39.000 --> 01:18:44.440
can't because the mid times are coming and then the elections coming I think you're making a good

1068
01:18:44.440 --> 01:18:49.720
point on that one but I you know the one thing I would say Stephen is that it's not just Trump

1069
01:18:49.720 --> 01:18:57.560
you're waiting out you got she it's it's not just Trump the big guy you got two supreme leaders

1070
01:18:57.560 --> 01:19:05.160
you got whoever's running the show this week in Iran and you've got the Chinese leader the

1071
01:19:05.160 --> 01:19:11.400
supreme leader and the only way he gets to say the supreme leader is people eat people have jobs

1072
01:19:11.400 --> 01:19:20.600
there and his economy stays buoyant that's the only way he stays in power so you're you're serving

1073
01:19:20.600 --> 01:19:26.920
two masters you're trying to time the 28th decision you talked about versus how pissed off the big

1074
01:19:26.920 --> 01:19:33.320
guy's going to get in China he has no choice 48% of his energy comes through that straight

1075
01:19:34.200 --> 01:19:42.040
at some point I think before November else supreme oh in China squeezes Iranian heads like

1076
01:19:42.040 --> 01:19:46.120
teenage pimples that's what I think it's going to have the other thing just to give you the other

1077
01:19:46.120 --> 01:19:49.880
thought that's been spiraling my head since I've interviewed all these people on this subject is

1078
01:19:49.880 --> 01:19:54.280
that Trump and JD Vance repeatedly say they don't even know who they're negotiating with because

1079
01:19:54.280 --> 01:19:58.920
they've knocked out every layer it seems of leadership they on one hand brag about that but then

1080
01:19:58.920 --> 01:20:05.000
I would also suggest that that makes negotiation hard I think JD Vance actually talked about or

1081
01:20:05.000 --> 01:20:11.000
Marco Rubio talked about the fact that they can't get the carrier pigeon to the Iranian soldiers

1082
01:20:11.000 --> 01:20:16.360
that are still shooting the missiles and this talk this speaks to the lack of organization in

1083
01:20:16.360 --> 01:20:20.760
Iran because you've wiped out all the leadership so I even wonder if you can really do a deal

1084
01:20:20.840 --> 01:20:26.120
at this point with Iran. Jenk, no we can remember we almost had a deal this weekend

1085
01:20:26.840 --> 01:20:31.080
and the deal is actually kind of obvious open up the Strait of Hormuz we left the blockade

1086
01:20:31.080 --> 01:20:37.720
Iran says we'll find the highly enriched uranium and hand it over we won't have a weapons program

1087
01:20:37.720 --> 01:20:43.000
and we'll have international monitors for the uranium that we enrich to just energy levels not

1088
01:20:43.000 --> 01:20:49.080
weapons levels boom done easy though but as I explained before we can't get it done because

1089
01:20:49.080 --> 01:20:53.400
Israel says no I want permission how do you know is Israel how do you know is Israel Jenk

1090
01:20:54.040 --> 01:20:59.400
yeah there's no question so first of all in the before the invasion New York Times with a rare

1091
01:20:59.400 --> 01:21:05.560
good article that explained that Netanyahu and the head of Mossad came into the situation room

1092
01:21:05.560 --> 01:21:11.880
Netanyahu physically and head of Mossad through a teleconference and they told Trump you got to

1093
01:21:11.880 --> 01:21:17.000
attack you got to attack now and they took they at least as the New York Times describes they

1094
01:21:17.000 --> 01:21:22.120
convinced them whether they actually convinced them through language or through money or through

1095
01:21:22.120 --> 01:21:27.000
blackmail is a whole different question but another thing that's absolutely clear is that after

1096
01:21:27.000 --> 01:21:31.800
every call with Netanyahu Trump goes from saying we're going to have peace so saying we're not

1097
01:21:31.800 --> 01:21:35.560
going to have peace and we're going to have these new impossible standards this happened about half

1098
01:21:35.560 --> 01:21:40.920
a dozen times so far it's super clear that Israel's driving the bus plus you could see it based

1099
01:21:40.920 --> 01:21:45.560
on the facts on the ground we have no interest there we have a deal ready to make for American

1100
01:21:45.560 --> 01:21:51.960
interests Israel says no we're not done because we need southern Lebanon and we need Iran to be

1101
01:21:51.960 --> 01:21:56.920
completely decimated this idea that Kevin's talking about to be fairly Kevin almost everybody in

1102
01:21:56.920 --> 01:22:02.760
in America thinks in this well now to be unfair to Kevin this fantasy world where the regime in

1103
01:22:02.760 --> 01:22:08.600
Iran is just going to give up it's never going to happen we already tried to regime change it

1104
01:22:08.600 --> 01:22:14.680
it didn't work at all they have an enormous infrastructure set up so it doesn't really matter how

1105
01:22:14.680 --> 01:22:19.640
many people you knock off at the top somebody else rises up somebody else rises up at that 150,000

1106
01:22:19.640 --> 01:22:25.320
people that that Kevin's talking about now China he's got a theory that maybe China puts pressure on

1107
01:22:25.320 --> 01:22:30.040
him that's not a crazy theory I get it at the same time China's looking at Russia and America and

1108
01:22:30.040 --> 01:22:35.560
going look at these schmucks Russia's wasting their entire military and resources in Ukraine and now

1109
01:22:35.560 --> 01:22:42.200
America's totally wasting their military and resources in Iran and these two other knuckleheads

1110
01:22:42.200 --> 01:22:47.000
keep punching themselves in the face meanwhile we haven't started any wars if you're China

1111
01:22:47.000 --> 01:22:51.000
and so we haven't had any of those costs we haven't had any of those troubles we don't have that

1112
01:22:51.000 --> 01:22:55.160
PR problem so when we go into Africa or Latin America and we say hey you know what we're going to

1113
01:22:55.160 --> 01:22:59.400
build roads and bridges for you guys and America's going to come and bomb you so which one do you

1114
01:22:59.400 --> 01:23:04.520
want to do a deal with now a lot of them are saying no we want to do a deal with China because they

1115
01:23:04.520 --> 01:23:10.120
don't do war instead they build infrastructure look it's just as a business strategy and an economic

1116
01:23:10.120 --> 01:23:15.240
strategy that is much much smarter but we can't go into a smart strategy because Israel won't let

1117
01:23:15.240 --> 01:23:23.000
us every time we go towards peace Israel blocks it and today this weekend we had both Republicans

1118
01:23:23.000 --> 01:23:27.240
and Democrats go out and say we shouldn't do the peace deal you want to know what the one

1119
01:23:27.240 --> 01:23:32.600
connective tissue every one of those politicians had over a million dollars given to them by the

1120
01:23:32.600 --> 01:23:38.680
Israeli lobby so that's just a stone cold reality of it and so in terms of energy here at home

1121
01:23:39.320 --> 01:23:43.160
chemists were not going to run out but he also acknowledged that no wait a minute that has

1122
01:23:43.160 --> 01:23:49.720
nothing new with anything oil goes into a world market and it is controlled by world prices

1123
01:23:49.720 --> 01:23:53.560
so the fact that we are so called energy independent means nothing that's not even our

1124
01:23:53.560 --> 01:23:59.080
oil or gas it's exxon mobiles and chevrons so they could sell it anywhere they want and they

1125
01:23:59.080 --> 01:24:04.440
do sell it anywhere they want the only way to get them to sell it exclusively in America is to

1126
01:24:04.440 --> 01:24:09.640
do socialism and say you're not allowed to sell that oil anywhere else I don't think heaven wants

1127
01:24:09.640 --> 01:24:15.960
that so that means we are definitely not energy independent we are definitely tied to global oil

1128
01:24:15.960 --> 01:24:23.000
prices and that means again more disaster when you get to tech oh my god the Israelis used AI and

1129
01:24:23.000 --> 01:24:31.400
Gaza they did this program called where's daddy AI would pick a target and that was maybe connected

1130
01:24:31.400 --> 01:24:36.360
to someone in Hamas at some point but they did you know he called this guy and the other guy called

1131
01:24:36.360 --> 01:24:41.640
the other guy and that lady now has a cell phone good enough but they would wait till their target

1132
01:24:41.640 --> 01:24:47.720
went home so they would bomb the house and kill their entire family if that's the future of tech

1133
01:24:47.720 --> 01:24:54.360
in the military we're all doomed so they've been testing all of this stuff in Gaza and now they're

1134
01:24:54.360 --> 01:24:59.960
doing it Iran what I'm worried about is what Larry Ellison said he said oh we now can track

1135
01:24:59.960 --> 01:25:04.920
all citizens anywhere and we're going to bring that technology to America I don't want their

1136
01:25:04.920 --> 01:25:10.760
surveillance state I don't want anything to do with the Israelis let's just come home and serve

1137
01:25:10.760 --> 01:25:15.240
American interests that's what I keep saying that's but the good news Steven is almost all the

1138
01:25:15.240 --> 01:25:20.280
voters agree 80% of Democrats now have a negative view of Israel and say no take care of American

1139
01:25:20.280 --> 01:25:28.120
voters first when you get to under 50 years old in all parties Israel now has a negative 45 rating

1140
01:25:28.120 --> 01:25:32.680
the only people left in this country who still want to serve Israel are our politicians and

1141
01:25:32.680 --> 01:25:38.680
our media that's it the rest of us can't stand them anymore and the endless wars they drag us into

1142
01:25:38.680 --> 01:25:44.280
and all the money they take from us and Kevin is a businessman what are we doing why are we letting

1143
01:25:44.280 --> 01:25:49.640
this country the size of their population is the equivalent of Papa New Guinea lead us around by

1144
01:25:49.640 --> 01:25:54.200
the nose and get us into endless wars you know this war in Iran isn't helping us and if they

1145
01:25:54.280 --> 01:25:58.440
continue and they bomb the infrastructure in Iran and the Gulf countries you know it's going to

1146
01:25:58.440 --> 01:26:04.760
take five to 10 years of rebuild and it is going to be a global economic disaster what are we doing

1147
01:26:04.760 --> 01:26:09.080
we got to get rid of the Israelis I don't mean that in a physical way just get them out of our

1148
01:26:09.080 --> 01:26:15.240
government and make decisions based on what's good for America will be 10,000 times better off

1149
01:26:15.240 --> 01:26:21.080
and then we could end the war I think if there was a path to peace in the Middle East it's one of

1150
01:26:21.080 --> 01:26:27.320
the largest consumer markets on earth just to run itself has a hundred million people they buy stuff

1151
01:26:28.120 --> 01:26:35.240
and you know I think about the future of a global economy if there was stability there including

1152
01:26:35.240 --> 01:26:41.800
peace with Israel and their neighbors that would be an amazing market a huge market and one of

1153
01:26:41.800 --> 01:26:49.640
the reasons that people like me keep a foothold or a footprint in the UAE it is and once the capital

1154
01:26:49.640 --> 01:26:57.400
of capital until nine weeks ago and I think it'll return at some point that's the size of the

1155
01:26:57.400 --> 01:27:08.120
market in Egypt Jordan Sudan Saudi Arabia I mean in Iran are they're just huge and those people

1156
01:27:08.120 --> 01:27:14.120
want stuff that we make I mean you know it's that pragmatic it's that so if you could have peace

1157
01:27:14.760 --> 01:27:21.720
and stabilize and you want to sell stuff that's a massive market and I you know that's why I

1158
01:27:21.720 --> 01:27:26.680
remain an optimist on how this gets resolved because at the end of the day it doesn't matter what

1159
01:27:26.680 --> 01:27:33.240
religion you are or you know what country you're in or what geography you came from most people

1160
01:27:33.240 --> 01:27:39.560
and I would say 99% want to raise a family have a job and enjoy life they don't want to get blown

1161
01:27:40.120 --> 01:27:46.840
up and so I'm kind of an optimist that it's in everybody's interest to solve this it's kind of like

1162
01:27:46.840 --> 01:27:53.160
the human condition is I'd like to get you know I'd like to form a family unit and I'd like to

1163
01:27:53.160 --> 01:27:59.080
live a peaceful life and I'd like to buy stuff I want to be a consumer so I'm in the camp that says

1164
01:27:59.080 --> 01:28:05.000
look I don't know how this thing gets resolved nobody does I'm disappointed that there's no peace

1165
01:28:05.000 --> 01:28:11.960
deal this weekend but hopefully there'll be one soon but in the end most people want peace period

1166
01:28:11.960 --> 01:28:18.520
unless you're you know you're crazed as a crazed leader and you just want to kill everybody

1167
01:28:18.520 --> 01:28:23.160
those people don't last that long they don't seem to well they're certainly not lasting that

1168
01:28:23.160 --> 01:28:28.600
long in Iran right now but you're right they keep popping up but at some point I don't know I

1169
01:28:28.600 --> 01:28:33.800
think peace is a better deal for everybody Kevin based on that based on both our conversation

1170
01:28:33.800 --> 01:28:39.720
on AI and also how unpopular this war is what we're seeing across the world at the moment is

1171
01:28:39.720 --> 01:28:44.280
this rise in socialism in western markets we're seeing it in the UK we're seeing it around Europe

1172
01:28:44.280 --> 01:28:49.400
and also seeing it in the United States positive views of capitalism amongst all Americans has

1173
01:28:49.400 --> 01:28:56.440
dropped to an all-time low according to a poll done by Gallup a massive almost 70% of Democrats

1174
01:28:56.440 --> 01:29:01.480
now views socialism positively with only 40% roughly view capitalism favorably and again this

1175
01:29:02.040 --> 01:29:07.960
at the end of last year so these stats aren't even factoring in the war and a staggering 62%

1176
01:29:07.960 --> 01:29:12.840
of young Americans hold a favorable view of socialism as well so as we head towards the midterms

1177
01:29:12.840 --> 01:29:16.920
but also the elections which I'm going to actually that far away now it's quite clear to me as

1178
01:29:16.920 --> 01:29:21.000
someone that you know I I'm an entrepreneur in the United States I live in Los Angeles as you

1179
01:29:21.000 --> 01:29:25.720
know I build businesses it's quite clear to me that we're on the verge of a very different type

1180
01:29:25.800 --> 01:29:30.920
of America and we've seen you know Zorhan Mandani be elected in New York and we're seeing

1181
01:29:30.920 --> 01:29:36.440
this sort of socialistic narrative spread like wildfire I think heavily fueled by both wars

1182
01:29:36.440 --> 01:29:42.200
but also by technology AI and sort of wealth inequality do you agree that if things continue

1183
01:29:42.200 --> 01:29:49.720
on this trajectory we're heading towards a more socialist America no what I agree on is I'm a

1184
01:29:49.720 --> 01:29:59.000
history buff you can go back into the 40s and 50s it seems every 17 to 20 years we take a dip

1185
01:29:59.000 --> 01:30:06.120
back into socialism and back in those days communism even in New York and Brooklyn longing for

1186
01:30:06.120 --> 01:30:15.080
what the Soviet Union had or Cuba had in its heyday and then the outcome is always the same it

1187
01:30:15.080 --> 01:30:22.920
doesn't work and so it really you have all these different ideas about how a country should run

1188
01:30:22.920 --> 01:30:29.960
and what works best for all the faults that U.S. has now and the debates we have and you know

1189
01:30:29.960 --> 01:30:36.040
AOC and Bernie Sanders and Elizabeth Warren and all this rhetoric and I get it I mean they're

1190
01:30:36.040 --> 01:30:42.440
they're very successful politicians I love AOC she just spews out stuff and raises five bucks

1191
01:30:42.440 --> 01:30:47.800
at a time you know it's a smart it's a great social media strategy and same with Bernie I mean

1192
01:30:47.800 --> 01:30:53.160
the guy but will she be president of the United States I don't think so and will Bernie get there

1193
01:30:53.160 --> 01:31:00.200
no why does everybody leave Massachusetts including my son because you can't raise any money there to

1194
01:31:00.200 --> 01:31:07.720
start a company the super tax is stupid and so it's sort of it's a it's a it's a it's a mixing

1195
01:31:07.720 --> 01:31:14.440
pot of ideas and competition but in the end and I always say this to my students because I

1196
01:31:14.440 --> 01:31:19.640
what I find so interesting about you know a 20 a cohort of 23 year olds that I teach and

1197
01:31:20.200 --> 01:31:26.120
in business classes and injury classes they're all socialists all of them until they get their

1198
01:31:26.120 --> 01:31:33.400
first paycheck then they become capitalist when they see something called tax and they wonder wait

1199
01:31:33.400 --> 01:31:40.600
a second wait a second where'd half my salary go what's this and I say that's tax now if you

1200
01:31:40.600 --> 01:31:47.960
want it to be 80% tax you follow that trail that you had before I started teaching you you were a

1201
01:31:47.960 --> 01:31:55.080
socialist and now what are you well I can't pay 50% tax no kidding well moved to Austin moved to

1202
01:31:55.080 --> 01:32:01.480
Tennessee you moved to Florida like everybody else is doing and you'll pay 16% and so I love the

1203
01:32:01.480 --> 01:32:08.520
fact that everybody's an idealist socialist until they get their first paycheck and that's how

1204
01:32:08.520 --> 01:32:14.920
America works it's a wonderful thing and I say it's good because you all everybody has a vote

1205
01:32:15.560 --> 01:32:22.280
we continue to believe in that and I think the debate rages on and it's great and everybody has

1206
01:32:22.280 --> 01:32:27.080
an opinion I have mine others have theirs and I love to be part of this course you know one of the

1207
01:32:27.160 --> 01:32:32.280
reasons I keep doing what I do is I love to get into the shitter with everybody I like to say the

1208
01:32:32.280 --> 01:32:39.800
things I say because I really believe them and I've been there before I'm wise I've seen this

1209
01:32:39.800 --> 01:32:45.320
ruling before that's what I tell my students and it freaks them out just a yes or no answer in this

1210
01:32:45.320 --> 01:32:50.440
question so in 2028 do you think another capitalistic sort of focused candidate will win the election

1211
01:32:50.840 --> 01:32:56.760
would you think a Democrat or a socialist will I don't think socialism is going to is socialism

1212
01:32:56.760 --> 01:33:02.520
going to make it in America at the in the office of the White House I think the pendulum always swings

1213
01:33:02.520 --> 01:33:08.760
the Biden administration went way too far in one direction it snapped back now you might argue

1214
01:33:08.760 --> 01:33:13.800
it went too far the other way and it snaps back the whole idea of midterm gives you the

1215
01:33:13.800 --> 01:33:19.720
smelltests of the direction which is coming up just months away and then you'll see who emerges

1216
01:33:19.720 --> 01:33:26.680
I don't think we know who the next president in the United States is going to be him or her we don't

1217
01:33:26.680 --> 01:33:31.080
know who's going to emerge what you said Kevin you're your predict your mind that makes predictions

1218
01:33:31.080 --> 01:33:35.240
is it Democrat or is it Republican in your view go to give me a straight answer here I wouldn't

1219
01:33:35.240 --> 01:33:42.440
even make that guess it's it's so difficult I really don't know I really think that in my view

1220
01:33:42.440 --> 01:33:47.880
the Democrats have lost their way I would like to see them find a new leader that's more moderate

1221
01:33:48.920 --> 01:33:54.120
I don't think you can spew socialism and get elected you got to find somebody that is in the

1222
01:33:54.120 --> 01:34:01.080
middle that is more pragmatic about providing jobs I mean look at California what a mess that

1223
01:34:01.080 --> 01:34:08.040
place is it's just they may actually they may hire a Republican mayor out there I mean that's

1224
01:34:08.040 --> 01:34:14.760
going to be a shocker roof for LA but it's gotten pretty bad I work out there it's a you can't even

1225
01:34:14.760 --> 01:34:22.680
where you're watching daytime anymore I mean it's a mess it's a mess it's a it's a lawless wasteland

1226
01:34:22.680 --> 01:34:28.280
it has poor management no execution skills with the politicians I mean you know you're lucky to be

1227
01:34:28.280 --> 01:34:32.200
you work there you know what I'm talking about Jen what's your point of view on that socialism

1228
01:34:32.200 --> 01:34:38.920
isn't coming to America mid-times 2028 it's a lot to talk about there so look I'm not a fan of

1229
01:34:38.920 --> 01:34:42.760
Karen Bass I voted against her before probably voted against her again in this mayor's race

1230
01:34:43.720 --> 01:34:49.880
and so I think that sometimes Democrats like to get mired in their bureaucracy and not push for

1231
01:34:49.880 --> 01:34:55.960
enough change so so I'm not a person who just supports Democrats no matter what in fact that

1232
01:34:55.960 --> 01:35:01.160
Chris says that we have a lot on the young Turks but no you're not going to get your watch stolen

1233
01:35:01.160 --> 01:35:07.800
in LA whatever family we go out all the time is perfectly safe so for a little while between 2019

1234
01:35:07.800 --> 01:35:12.680
and 2023 crime really did rise to some of the big cities we talked about on the editors we were

1235
01:35:12.680 --> 01:35:16.920
very honest about it took some heat from the left on it but crimes got on down significantly

1236
01:35:16.920 --> 01:35:22.680
in 24 and 25 so I don't think those are real issues anymore in terms of our economic model we need

1237
01:35:22.680 --> 01:35:28.440
a couple of clarifications here so as I said earlier we really do corporatism in America and

1238
01:35:28.440 --> 01:35:33.720
another word for that are phrase for it is crony capitalism so we'd be lucky to get back to

1239
01:35:33.720 --> 01:35:38.680
capitalism let alone going all the way to socialism because right now we don't have capitalism we

1240
01:35:38.680 --> 01:35:44.200
don't have free markets we have every industry has captured the government they've brined all of our

1241
01:35:44.200 --> 01:35:50.600
politicians we can't negotiate prices these are I mean that is the most socialist thing I've ever heard

1242
01:35:50.600 --> 01:35:55.000
except this socialism for corporations it's mind bending and that's and that's what

1243
01:35:55.000 --> 01:36:00.120
corporatism is it's totally run amok now and why is that because of money in politics so in order

1244
01:36:00.120 --> 01:36:06.040
to fix all of these problems and to get back to real free markets in capitalism you have got to get

1245
01:36:06.040 --> 01:36:11.560
the money out of politics if you don't do that you're just on a treadmill of corruption and it never

1246
01:36:11.560 --> 01:36:16.360
ends and you get BS guys like Biden and Trump who come in and tell you that they're going to drain

1247
01:36:16.360 --> 01:36:21.640
the swamp and then they fill it up even more and even more so they and they serve all their donors

1248
01:36:21.640 --> 01:36:27.480
so in terms of socialism we never define what it means the reality is most governments are mixed

1249
01:36:27.480 --> 01:36:33.400
economies not most governments almost all governments are mixed economies so when we say socialism

1250
01:36:33.400 --> 01:36:38.440
are we talking about Cuba or are we talking about the Netherlands because you could argue that

1251
01:36:38.440 --> 01:36:43.800
Northern Europe does socialism they have a lot more things that are public rather than private

1252
01:36:43.880 --> 01:36:48.920
but do they have private businesses of course they do right so I would argue the democratic

1253
01:36:48.920 --> 01:36:54.280
capitalism is the right way to go where we have capitalism but it is checked by democracy the

1254
01:36:54.280 --> 01:36:59.240
CEOs and the shareholders look out for the companies and the legislators and the president and the

1255
01:36:59.240 --> 01:37:03.640
prime ministers are supposed to look out for the citizens and check the corporations so they don't

1256
01:37:03.640 --> 01:37:08.040
run amok I think Northern Europe is probably pretty close to that in terms of candidates here in

1257
01:37:08.040 --> 01:37:14.680
America again I'd have to say Rocana is probably the closest one to that and so if you go too far

1258
01:37:14.680 --> 01:37:22.040
left I get it that's hard especially on identity politics which again we're not a fan of on the

1259
01:37:22.040 --> 01:37:26.200
young Turks and we don't think that's the right direction to go and it just divides our country

1260
01:37:27.000 --> 01:37:32.520
so I don't think that that type of far left candidate can win a national election but after what

1261
01:37:32.520 --> 01:37:37.240
Trump does this to this country what he's already done to this country Republicans I have one

1262
01:37:37.240 --> 01:37:46.600
thing to tell you na na na na na na there's no way the midterms are gone nobody's shown up to vote

1263
01:37:46.600 --> 01:37:54.200
their voter enthusiasm is gone obliterated and by 2028 we're going to have the disaster from the war

1264
01:37:54.200 --> 01:38:00.520
and disaster from AI unemployment so they're all they only have one guy who could win and I'm worried

1265
01:38:00.520 --> 01:38:06.520
about it and that's Tucker Carlson if Tucker runs the Republican primary he definitely wins that

1266
01:38:06.520 --> 01:38:11.080
primary you can quote me on it and then you could have Kevin laughing and you can read run that tape

1267
01:38:11.080 --> 01:38:17.240
it'll be great in fact back in 2016 I was on ABC's this week with Stephanopolis they asked the whole

1268
01:38:17.240 --> 01:38:21.400
panel who's going to win at that point they just on the Democratic National Commission and Hillary

1269
01:38:21.400 --> 01:38:25.480
Clinton had a 10 point lead I was the only one on the panel to say Donald Trump was going to win

1270
01:38:25.480 --> 01:38:32.280
and they all laughed out loud populous win the people chasing after the donors whether it's Israel

1271
01:38:32.280 --> 01:38:38.280
or big farm or any of the other donors then nobody nobody likes those people Kamala Harris lost

1272
01:38:38.280 --> 01:38:43.720
because she was bragging about how she had 90 corporate CEOs on her side I got bad news for her

1273
01:38:43.720 --> 01:38:51.240
nobody likes corporate CEOs sorry Kevin sorry me but the reality is that's what every poll shows it

1274
01:38:51.240 --> 01:38:57.400
is deeply deeply unpopular and these days it's pretty merited so if if you got someone in the right

1275
01:38:57.400 --> 01:39:02.680
lane which is Democratic capitalism I think they win we just got two minutes left Kevin are you

1276
01:39:02.680 --> 01:39:09.080
laughed at the suggestion that Tucker Carlson might win I know Tucker I just did a thing with him

1277
01:39:09.080 --> 01:39:16.200
this week it was really interesting because he's taken a very controversial view about AI and

1278
01:39:16.200 --> 01:39:22.600
that's the debate we had and he has obviously shifted his focus from being pro Trump to something

1279
01:39:23.240 --> 01:39:28.440
but you know I have to admit when I think about it that is a possibility if he would

1280
01:39:29.160 --> 01:39:35.880
align himself I'm not sure what party he represents anymore I think he is a self proclaimed

1281
01:39:35.880 --> 01:39:43.000
Republican but that's interesting idea the more I think about it I can't I can't I know I laughed

1282
01:39:43.000 --> 01:39:47.800
at it but I've been thinking about it for a couple of minutes yeah I mean the guy has a massive base

1283
01:39:47.960 --> 01:39:55.400
he has a zone network now which is something you kind of need these days in you need a really strong

1284
01:39:55.400 --> 01:40:02.520
social media base to play in politics and to fight the fights in the seven states you really

1285
01:40:02.520 --> 01:40:07.960
got a good organization on social so I mean I think it's going to be fascinating I think we'll get

1286
01:40:07.960 --> 01:40:15.160
a pretty good indication of what the themes will be in November affordability obviously remains

1287
01:40:15.160 --> 01:40:24.360
a big one border remains a big one in the U.S. but AI could emerge as as a big one too I mean

1288
01:40:24.360 --> 01:40:32.200
maybe but I think by then I always look at these big you know AI kind of burst on the theme but

1289
01:40:32.200 --> 01:40:38.440
it's not really about data centers and power it's about jobs I think is where it's going and I don't

1290
01:40:38.440 --> 01:40:44.840
know if that gets resolved by you can always be a fair monger about the robots eating the babies

1291
01:40:44.840 --> 01:40:49.480
and maybe that is an election issue I don't know we'll see it's going to be interesting though because

1292
01:40:49.480 --> 01:40:56.440
it wasn't an issue until six months ago Jen class what before we close out yeah so look I don't

1293
01:40:56.440 --> 01:41:03.720
think that pro-Israel candidate can win and so but all of our politicians are trained to be pro-Israel

1294
01:41:03.720 --> 01:41:11.400
and apparently they have trouble reading polls so I think that did you know a populist right versus

1295
01:41:11.400 --> 01:41:19.080
populist left would in a sense be a dream because either way you hope that they I mean the key has

1296
01:41:19.080 --> 01:41:24.280
to be that they have to be real I mean we're so tired of these fake politicians in America they never

1297
01:41:24.280 --> 01:41:29.080
do what they say they're going to do they always back to donors but if you got two honest guys and by

1298
01:41:29.080 --> 01:41:34.360
the way maybe it's kind of versus messy and that would be amazing or maybe it's kind of and messy

1299
01:41:34.360 --> 01:41:40.680
but there's two guys who are clearly honest in Congress and you know I can name Bernie is my third

1300
01:41:40.680 --> 01:41:47.480
I'm gonna struggle on the fourth one so there aren't that many choices so maybe we go populist we

1301
01:41:47.480 --> 01:41:52.120
go independent and we go in a new direction because God knows that America needs a new direction

1302
01:41:53.640 --> 01:41:58.680
Kevin Jenk thank you so much for the time I've been a fan of both of you for many many many years

1303
01:41:58.680 --> 01:42:02.040
I was saying to Jenk before we started recording that I think I've watched the young Turks since

1304
01:42:02.040 --> 01:42:07.240
2019 and when I say watched I mean really really watched not not casually saw it but I would watch

1305
01:42:07.240 --> 01:42:11.560
it almost daily when I was going through building my businesses and sort of coming into the

1306
01:42:11.560 --> 01:42:14.520
professional world so thank you so much Jenk it's a pleasure to have spent this time with you

1307
01:42:14.520 --> 01:42:20.840
and Kevin again I've been you know my favorite shark for I think 15 years now for many many many

1308
01:42:20.840 --> 01:42:25.160
reasons thank you to both of you I really really appreciate it and hopefully we'll have this

1309
01:42:25.160 --> 01:42:29.160
discussion again soon once all of this plays out because the answer to a lot of these questions has

1310
01:42:29.160 --> 01:42:36.360
been I don't know and we shall see so we shall see thank you thank you thanks a lot