Playing to Win - 008 - Gonzalo Lira

00:00:00.000 all right guys what is up welcome to episode number uh eight of the playing to win series

00:00:06.520 the series where we talk about doing stuff that is like playing to win in life rather than not

00:00:11.200 playing not to lose sort of style uh joined today by you should recognize him coach redpill

00:00:16.660 or the artist formerly known as coach redpill now gonzalo lera welcome going great to be on man

00:00:23.720 yeah um let's talk about that first man because i mean most people should know who you are why

00:00:29.340 don't i just give like a quick intro just in case there's some people watching this being like who

00:00:32.780 is this fella i've never seen him before he's a strange man with woman repelling glasses yeah that

00:00:39.020 was my line yeah yeah yeah we were just shooting the ship before we went live just just kind of

00:00:43.760 diving into some background to you know get a little more familiar because when we talk once

00:00:47.320 before and we we caught up uh late summer early fall or something like that had a quick skype chat and

00:00:52.740 even back then like i was like so what do i call you you know do you have a name and you're like

00:00:56.220 just call me coach um you know so we didn't really know know each other that well but i've

00:01:02.020 known of your channel for about a year or so now maybe like a year and a half and i'll be honest i

00:01:05.800 mean the first time that i came across it i was like i'm not sure if i like this guy i'm not sure

00:01:09.580 if i like this style and but as you're talking you're making complete sense right like i'm nodding

00:01:15.260 my head i'm i'm i'm just one of these hyperactive guy that's like can you just do that in 10 minutes

00:01:20.220 instead of 23 but um yeah like your video editing uh the presentation it's probably the best that

00:01:29.100 i've seen for pre-recorded stuff um when it comes to live though i haven't seen you do any lives but

00:01:34.020 as far as pre-recorded presentation on the topic i i really think you knocked that out right out of

00:01:38.400 the park so there's a lot of lessons a lot of guys can learn from that um how long does it take you

00:01:42.940 to edit one of those sequences that you do that might end up being 20 minutes long oh that i've got

00:01:48.360 down to science now it takes me usually about uh just to cut the stuff up about uh 45 minutes

00:01:55.540 and then i usually go through it uh once or twice to sometimes move stuff around

00:02:01.720 because it makes more sense um just just to make it just just to make it flow better that kind of thing

00:02:10.380 you know and so all together about two hours yeah yeah it's um see for me i've always tried to keep

00:02:17.360 my edits and my presentation um as easy as possible like i don't want to complicate my life

00:02:22.780 and i just like believe it or not i still use windows movie maker i've mentioned this before it's

00:02:27.820 it's it's probably about 12 or 15 years old it might even come out like the original microsoft

00:02:32.520 windows 98 or something but um yeah it's cut cut cut and start boom done like i had somebody do like

00:02:39.540 an intro reel and an atro and that was just like you know i just wanted to keep it simple but

00:02:43.100 uh yeah tip my hat to the hyper growth that's the first thing that i wanted to talk about

00:02:47.920 sure because um you were growing incredibly fast in the coach red pill channel at one time

00:02:54.340 yeah and i thought to myself wow this looks incredibly risky these thumbnails and titles

00:02:59.180 and some of the things that he's saying in the video i think are probably going to catch up to

00:03:04.140 him at some point i said that to myself about a year and a half ago

00:03:06.520 um and it eventually did so what happened exactly from your end i mean i just kind of

00:03:12.660 watched it as an outsider but what ended up happening what happened was that see i could

00:03:16.780 feel this like uh foot on the shoulder of the channel like somebody was like trying to keep

00:03:21.380 it down especially in august in august i had a couple of in early august of 19 i had like a

00:03:27.040 couple of breakout videos and at that time i would i crossed the 200 000 subscriber mark

00:03:32.260 and you know all of a sudden you know it was just like this you know how you grow on youtube it's

00:03:37.560 sort of like these quantum leaps yeah right and so for like the longest time for like 15 months the

00:03:42.660 channel was just growing but it's very slowly and not not particularly spectacularly and then in june

00:03:49.420 of 18 it just popped i got like a nine month old video went viral uh and then another few videos

00:03:57.020 went viral and just why do you think it went viral like was it shared somewhere or was it in the

00:04:01.120 recommended feed like no usually usually i notice if it ends up in the recommended feed because the

00:04:05.880 comments that i see is why am i seeing this why is ut showing this to me i hate this man he's a

00:04:10.100 massagerist i get that too right so that's usually when i find it's recommending to new people versus

00:04:16.300 if it's um something where it's shared on some like feminist platform like one of these toxic

00:04:21.700 feminist platforms where it's no no it was recommended it was the recommended okay yeah and uh i what

00:04:27.800 happens is that see my videos get like very long views you know like 10 minutes stuff like that and

00:04:35.520 so youtube algorithm really likes me because of it and so what happened was that uh you know starting in

00:04:41.300 in mid 18 the channel really just took off and i went from 17 000 subscribers to 100 000 in three four

00:04:50.020 months and then from 100 000 to 200 000 in another five six months and then in august of 19 that's when

00:04:58.900 all of a sudden the channel just stopped growing because i had like these explosive videos that came

00:05:04.380 out in like late july early august that they were really taking off and the channel felt like it was

00:05:09.360 going to go you know go the distance right go up there in the 700 you're looking for the million right

00:05:14.500 yeah of course i mean we all are right it's it's it's it's the ego trip right yeah and so what

00:05:19.540 happened was that all of a sudden it just stopped growing um and i saw i i actually have a screenshot

00:05:25.120 i should have looked for it before but anyway a screenshot of all of a sudden the views just like

00:05:31.840 it was literally like somebody had stepped on on the view count you know how when you have that analytic

00:05:37.560 and you have a video that comes out and pops up right and then like slowly it deteriorates because

00:05:42.700 that's normal flow yeah but then it's it went like the first hour popped high and it was like

00:05:48.180 um i don't know 12 13 000 views in the first hour the second it was like you know 11 10 000 views

00:05:55.520 and the third all of a sudden squat 2 000 views and and like that and and they kept on going like

00:06:02.680 lower like that which didn't make it was reported or was it just it got picked up in the algorithm like

00:06:06.860 i'll tell you what i think it is i think it's because the titles and the thumbnails and also

00:06:13.380 because you've got red pill in the title of your channel yeah yeah that's exactly what happened yeah

00:06:18.720 and so yeah they totally squashed the channel and so uh i still run the channel the coach red pill channel

00:06:24.160 uh but i also have the gonzalo lear channel is it fully demonetized now i think you mentioned at one

00:06:28.900 point yeah yeah it was demonetized in december because between august and december there was

00:06:33.620 flatline growth yeah uh the videos were getting okay views but just flatline growth and and whenever

00:06:40.100 a video sort of like threatened to go viral it would like stop and then in december 11th it was it went

00:06:46.760 completely demonetized just like they just yanked me out of the partner program and um and look i'm not

00:06:54.780 gonna lie there was a lot of income coming in from the channel uh which is really surprising because i had

00:06:59.520 it for like 15 months and at that time i must have gotten like a couple hundred bucks i thought

00:07:04.980 nothing of it but then then all of a sudden you cracked a thousand oh yeah when it when it when it

00:07:09.260 really picked up it was just a lot of income it was uh pretty surprising and um and it really pissed

00:07:16.340 me off not so much the income what really bothers me is that uh my content is just not being shown

00:07:22.320 and it's just really demoralizing and so i started the gonzalez channel and right now i'm sort of like

00:07:29.160 i have like i have a real life job i mentioned it to you a little bit um and so i have like a uh an

00:07:37.220 irl job and i also at this time of year i had end of year stuff and i also had you know taxes and

00:07:44.420 whatnot and i also have uh closing the year for my my day job and also on top of that i'm going on

00:07:51.420 vacation with the family we're going to go skiing for a couple weeks and so like during the winter

00:07:55.300 it's sort of like taking a hiatus i'm really going to pick up the channel and my online presence like

00:07:59.520 heavily in march you know and just really go for broke and really see how the the gonzalo lear

00:08:06.100 channel works out and the crp channel and just really um pick it up and so have you changed your

00:08:13.000 strategy much from the old channel to the new one like you've obviously changed the name you revealed

00:08:17.900 your full name um you know i've noticed the titles and thumbnails are a little more watered down and

00:08:23.220 you're talking about slightly different topics i noticed one day you were you were getting into

00:08:26.920 something about uh video production or books and people are getting pissed off because you weren't

00:08:31.260 giving them something about chasing women right yeah because what happens too is that see on the

00:08:36.340 how could i put this um on the one hand see i've done like something like 600 videos and as

00:08:44.020 coach red pill and a lot of the stuff you know i just didn't want to be rehashing it you get a

00:08:50.220 little bit bored with just rehashing the same material on the one hand on the other hand there

00:08:54.360 are a lot of stuff that i a lot of things i know about different businesses that i've been intimately

00:08:58.220 involved in i mean i after college i moved to hollywood to make it as a writer and i did all right i made

00:09:03.400 a good decent living at it and then i got you do you write out a full script for every video or do you

00:09:09.180 just bullet point the main concepts that you want to cover bullet point i originally like did like

00:09:14.000 scripted videos uh and it took a long time to write the script and also my delivery was rather wooden

00:09:19.960 and not particularly interesting yeah and so i just decided you know that's not the way for me i mean

00:09:25.680 some guys are are great at that but i'm just not good at it yeah and uh what i usually do is i have

00:09:31.440 bullet points and um and i know more or less what i want to hit in the video and uh sometimes i i my

00:09:39.800 routine is basically i sort of like wander around my office uh like talking to myself like okay i'm

00:09:45.060 gonna talk about this i'm gonna talk about like try out phrases you know kind of like and then i go

00:09:49.540 and record it and uh yeah it's it's it's it's a fun hobby i really enjoy it yeah i can tell i mean

00:09:56.860 it's it's a lot of work to do what you do like i know from my own experience like sometimes i'm like

00:10:02.320 you know how do these guys put out three four videos a week i mean that's got to be a day or

00:10:05.960 two of work just to set that all up and then you've got the management of all of that afterwards you've

00:10:10.360 got your premium content you've got everybody dming the crap out of you and sending you emails

00:10:14.760 yeah well what happens is it soon becomes a full-time job right no no it's it takes me like the whole

00:10:21.600 thing it takes me about a day and a half per week uh because it takes me like a full day to record

00:10:27.960 all the videos for the week i record uh five videos per week i do four on my channel and one

00:10:34.180 uh on patreon and usually the one on patreon is the the stuff that really like if i put it on youtube

00:10:39.520 you know youtube would go yeah they kick me off instantly right yeah i do the exact same thing i put

00:10:45.960 all my you know deeper shit that's gonna annoy people behind the paywall but that's the only way i can do it

00:10:51.000 now yeah exactly and what i also do is that unfortunately i get like it's incredibly flattering

00:10:57.260 but it's overwhelming that i get so many messages uh i get roughly between 10 and 20 emails per day

00:11:03.340 and so i can't get to them it's just simply too much and and it's lovely and flattering the fact

00:11:08.380 that i've had such an impact on a lot of people i i so i'm humbled by it and i mean that very sincerely

00:11:13.660 and truly because i mean like a guy somebody who writes me an email some of these emails are really

00:11:18.660 long and they go on about their lives and such it's incredibly flattering that they feel that way

00:11:22.980 about me do you ever get people that recognize you in public yes i've had that uh happen doesn't it

00:11:28.620 yes several times it's a lovely it's a lovely feeling yeah first time it happened to me it was

00:11:34.420 really surprising i was uh with my two children we were at a park and uh they were playing and i was

00:11:41.480 playing with them and all the rest of it and this uh kid um this young man very nicely dressed

00:11:46.840 came up to me all of a sudden i had no idea who he is and he's outstretching his hand and i'm like

00:11:52.760 a little nervous because you know i'm there with my kids and who's this stranger coming up to me right

00:11:56.900 and um and he's just said oh i watch your videos coach and i think the world of you and they've had

00:12:03.500 such a great impact on my life i'm like holy cow you know and that really just really moved me you

00:12:10.740 know and i you know i almost started crying like a little bitch right then and there you know because

00:12:15.600 i'm just you know i'm just an emotional fool but i mean to tell you the truth it really was

00:12:19.740 incredible it was such a flattering thing it was so kind of this guy to do that and it's happened to

00:12:25.800 me a few times that i'm just walking along and some guy has come up to me sometimes a train

00:12:31.160 sometimes i'm just walking here or there wherever uh i spend time here in amsterdam i also spend time

00:12:37.360 in ukraine and it's happened in ukraine in amsterdam in london uh yeah let me ask you this

00:12:44.980 because i mean i would imagine sometimes you're with your wife and kids or maybe just your kids

00:12:48.000 or just your wife um this is obviously a great example of social proof right and having people

00:12:54.140 come like men wanting to be you and expressing gratitude for what you're doing um how do they

00:13:00.460 usually respond when they see that happening um well the kids are too small they're four and six

00:13:06.380 they have no idea i mean for them it's just like what does your wife do yeah um yeah she she finds it

00:13:13.620 a little bit odd okay and insofar as other people in my life well to tell the truth now they think about

00:13:18.940 it all the time uh except a couple of times uh i guess most of the time it's been like i've been on

00:13:25.680 my own but see i don't uh certainly if i were like with somebody you know some associate or a woman or

00:13:34.820 whatever yeah it would like you know raise my social proof but in my own case personally i don't really

00:13:40.980 need that i don't find it i don't i personally am i know who i am and the worth i have and the things

00:13:47.740 around me signal that and so that's not very important to me what's important to me is the fact

00:13:53.860 that i've had this impact on these young men in a positive way a positive impact um that is for me

00:14:02.580 payment enough if you will um i mean if i were to if for instance suppose i'm trying to talk up some

00:14:11.360 girl right and some hot young thing and some fan of mine came up to me and said something nice

00:14:17.600 sure it would probably help me bang that that hot young thing but it's it's not how i look at it i

00:14:23.840 don't really care about that i'd still bang the girl anyway without anybody coming up to me okay

00:14:28.100 well there's not much that stops men from banging right if she's hot then you're banging yeah exactly

00:14:32.540 so the thing is see for me it's it's so humbling and so gratifying when some stranger comes up to me

00:14:41.640 and says that you know somebody says nice things i mean who wouldn't feel wonderful about it you know

00:14:47.180 yeah and i have a question for you um a lot of people arrive at the red pill through a function of

00:14:52.960 uh trauma yeah something happens in their life their one itis breaks their heart their you know

00:14:57.260 their wife runs them through the divorce machine there's there's always some form of trauma that

00:15:02.040 usually leads them into the red pill so what was it for you because i mean there's classics like

00:15:06.340 you know uh rollo rooche uh royce there's a lot of other stuff that's been out there for a while

00:15:12.180 especially um you know like one of the older godfathers like uh tom lycus for example how did

00:15:17.700 you how did you come across this like what happened to you oh no my my root was not traumatic it was

00:15:23.780 it was inquisitive and uh i i actually my earliest visit maybe my first or second video was precisely

00:15:30.620 about the path i got to the red pill which was see uh i was living in chile at the time during the

00:15:35.760 pinochet dictatorship and um this was in the mid 80s and you know neck deep in the pinochet dictatorship

00:15:43.220 and and all the rest of it and time magazine put out this article because they had discovered some

00:15:48.140 bodies in the desert in the north of chile and uh it was like i i recall something like a dozen and a

00:15:56.780 half like 16 or 18 uh cadavers now the north of chile is the driest desert in the world this actually

00:16:02.880 matters they found these uh bodies out in the middle of the desert i was like oh it's the

00:16:08.100 military dictatorship you know somebody that they like killed off or whatever right and time magazine

00:16:14.420 rolled out this article and i read the article and you got to understand this is the mid 80s there's no

00:16:20.040 internet and there's no cable news there's no cnn time magazine actually matters it's the global news

00:16:27.040 source right and i'm reading it reading this full page article about the chilean situation at the time

00:16:32.560 and i'm there i'm living it and the whole article is kind of like there's like a nugget of truth

00:16:39.200 but it's distorted and distorted in a way that it gives you a completely erroneous perspective as to

00:16:45.240 what's going on and the picture in the article was also striking to me because you see in it had this

00:16:53.720 desert landscape full of these iron crosses that were rusted and in the distance you saw the ocean

00:17:00.400 it's a quite dramatic picture right now the thing is see um the the corpses that had been found had

00:17:06.860 been found in the middle of the desert no crosses nothing of the sort and the picture that they were

00:17:10.640 showing that they weren't properly identifying you would lead to think that they had found thousands

00:17:16.040 of corpses because it was quite dramatic this this graveyard full of these iron crosses that were

00:17:21.620 rusted right but of course that was just the the local cemeteries in the in the towns in north of

00:17:27.020 chile because see uh in these towns in the north of chile it's a desert there are no trees and so

00:17:32.400 when people die they put iron crosses and these iron crosses because they're near the ocean they

00:17:37.700 inevitably rust and and it's quite dramatic you you guys anybody watching this now can can go and

00:17:43.380 check out those um those images right there would you search for like what would be the keyword that

00:17:48.040 um atacama uh desert graveyards you know and they're quite spectacular and the thing is see uh

00:17:58.820 anybody who's from chile knows it because people it's like a tourist attraction because it's beautiful

00:18:03.460 and dramatic and of course it had nothing to do uh what are we talking about here like it's like

00:18:10.760 you're gonna see like i can't quite make it out um it's basically like these iron crosses in the

00:18:16.480 middle of the desert okay and they're all rusted out something like that yeah like that something

00:18:20.100 like that i mean there are a whole bunch of towns i mean like dozens of towns up there that have

00:18:24.740 similar thing right and so what happened was that um yeah yeah exactly you see and so what happens is

00:18:34.140 that i read the article and i was like number one that picture has nothing to do with these corpses

00:18:40.040 that they found number two all the little information that they're talking about it's wrong it's

00:18:45.320 there's a nugget of truth but it's been twisted number three and this was the kicker right around

00:18:51.140 the time i we got the time magazine it came out that the corpses were from a a civil war in the 19th

00:19:00.280 century in chile in 1891 okay uh and of course the corpses were very well preserved because it's the

00:19:06.220 driest desert in the world and so corpses there are lots of cadavers out there in the desert people die

00:19:11.700 for whatever reason and they are perfectly preserved because there's no humidity there's no nothing and

00:19:17.540 so the corpses just you know they're found there and they're perfectly preserved and sometimes it takes

00:19:22.580 a while to figure out from when are the corpses because they are so well preserved they had nothing

00:19:27.760 to do with the peanut butter dictatorship and but the whole article was just giving the wrong impression

00:19:33.580 and i was like thinking wait a second if they're telling this bullshit about chile and i'm here in chile

00:19:39.120 and i know that this is bullshit when they talk about south africa because at this time in the

00:19:44.640 mid 80s south africa was in the news all the time it was apartheid and all that when they talk about

00:19:49.140 south africa are they bullshitting me too because this article about chile is bullshit and do keep in

00:19:54.600 mind at the time uh i was you know 16 18 something like that and i was like a lefty but sort of like

00:20:01.880 because i was a moron who didn't know any better okay i was against the peanut butter dictatorship i'd

00:20:06.640 actually gone to protest against the dictatorship mostly to pick up girls to tell you the truth

00:20:11.800 but that's another story anyway oh those hot feminists at the protest you gotta love them

00:20:15.340 oh no no no they were hippie chicks they were hippie chicks okay before feminism right they were hippie

00:20:19.860 chicks and they were loose and they were great they're hot but anyway the point is see i was not

00:20:24.480 sympathetic to the pinochet dictatorship at that time and yet i recognized the bullshit that they were

00:20:29.440 talking about chile and you know there's the um the the what's it murray gelman effect whereby people

00:20:37.540 will see articles and they'll they'll just accept them but they'll read one where they actually know

00:20:41.920 about it and so like say hey this is wrong but then accept the others well i had the reverse

00:20:46.280 i had it's fake news i got you i beg your pardon so it was fake news that red-pilled you then

00:20:51.100 basically that's the thing that most guys don't get is that you can apply that lens when it comes to

00:20:57.340 women to just about every other area in your life when it comes to earning money when it comes to

00:21:02.080 self-care and fitness everything i mean yes you know we were talking just before um we went live

00:21:09.020 and i was telling you about how i was considering this eye operation because we were talking about

00:21:12.380 contact lenses and stuff and it's like i apply the red pill to everything that i do and i and i ask

00:21:17.600 probing questions and i ask several times over and over again why why why like at least three or four

00:21:22.340 times sure um to get clarity around it and for some guys it's that exactly what you just experienced

00:21:28.500 there which is which is different um how like what was your first introduction to uh red pill concepts

00:21:35.360 when it came to the sexual marketplace and women uh it was uh roisy uh roisy how do you pronounce his

00:21:41.460 name i actually don't know roisy chateau hartist i believe yeah chateau hartist yeah yeah i think

00:21:46.380 i think he's great i haven't read him in a long time though i'll i'll admit to that but this was

00:21:51.680 like um i i got to the red pill like the the sexual marketplace red pill like in 2011 2012

00:21:59.560 and i remember it very clearly i was like surfing the net and i came across it and they were talking

00:22:05.880 about pickup and uh i started reading the concept of negging right and it was it was so funny because

00:22:14.640 like see in my own mind um i i had this strategy because i'm not handsome and i was shy and not

00:22:22.820 good with girls and so i wanted to get good with girls and so i had to work at it right and so what

00:22:28.320 happened was that i um developed different strategies trial and error of just getting girls getting the

00:22:34.440 girls i wanted and i had developed something that i internally called good puppy right and it was

00:22:41.220 basically just a mocking condescension of women and so i'm reading this concept of negging i'm saying

00:22:47.220 well this is the good puppy thing the thing that i do you know because i say you know good puppy you

00:22:52.880 know that kind of thing yeah yeah that that condescension that just sort of like you know which

00:22:59.460 drives women it irritates them but at the same time it's like kryptonite for them they find it

00:23:05.540 incredibly attractive they like it it's it's basically flirting it's not complicated right

00:23:10.660 yeah and i'm reading that and i'm like this is this is what i do and then i started reading more of it

00:23:17.380 and i started realizing you know i do this too and i do that too and that wow this is a good idea and so

00:23:23.380 i started like you know picking up ideas from game and i became very impressed by the fact that all these

00:23:29.920 guys had basically standardized and and figured out that the whole process of seduction is an algorithm

00:23:39.420 an algorithm whereby if you do certain steps and do certain things you will achieve success in so far

00:23:47.300 as women is concerned and that was something that i never realized although i i also thought to myself

00:23:54.220 that i sort of like basically implicitly believed that because i was one of these guys you know i'm

00:24:01.240 i'm a grinder i kind of like repeat and repeat until i get more or less what i want and uh with women you

00:24:08.260 know i'd been very unsuccessful when i was young and so i would try out different strategies and repeat

00:24:15.820 and and modify and repeat and try again until i got it right and then i started realizing as i read game that

00:24:22.280 i do this this is how it works and it was it was really eye-opening it was really quite funny

00:24:28.580 you know how old were you when you started to figure that all out oh when i was like um 17 yeah 17

00:24:36.560 right so how old are you now yeah i'm 51 okay and you've mentioned in a video that you're an old dad

00:24:44.520 yeah because i think what your words were so i mean you got two young kids how old are they

00:24:48.100 four and six what's that like for you right now at 51 that's great it's much better than when i've

00:24:53.960 been younger because when i was younger i wouldn't have had the patience you know i i recommend it

00:25:00.140 thoroughly and i want to kind of go a little bit down this rabbit hole i mean like we can stop

00:25:04.980 wherever you want but like how does that relationship work with your wife like who does what like um

00:25:10.320 how do you also uh protect yourself from divorce rape you know is another good question i suppose that

00:25:15.720 you know we can throw out you as well i'm not sure if you ever dealt with that well sure but i mean

00:25:19.980 like what happens is that i uh grew up around finance uh my own man was a banker and um so so the idea of

00:25:29.300 setting up your financial situation in such a way that it is hard for somebody else to take what's yours

00:25:38.700 unless you want them to you know it's kind of like uh yeah it wasn't like a big deal uh oh evan white

00:25:47.540 says just wanted to express my gratitude to coach red pill and to rich cooper well evan thank you very

00:25:52.720 much that's very kind of you thank you um so so for me uh the idea of divorce rape is um

00:26:01.660 i have to admit the following perhaps it's an uncharitable thought on my part but i tend to

00:26:08.160 think that a lot of guys who allow themselves to be divorce raped they kind of like they're sloppy or

00:26:13.840 they secretly want to be divorce raped i mean there are a myriad of ways to protect yourself

00:26:19.680 uh from divorce rape and even in the united states even in states like california or or states that

00:26:27.180 really can hurt you uh all you have to do is before you get married um just set yourself up

00:26:35.220 with a divorce attorney before you get married before you even meet a girl and work with that

00:26:41.280 attorney to figure out strategies to protect your assets um also another good way of doing it well

00:26:48.840 there's of course estate planning uh they're great for that very purpose and um there are lots of

00:26:56.720 ways that and and relatively inexpensive ways for you to figure out how to protect yourself

00:27:04.080 from a potential uh divorce rape and not find yourself in the position where you lose everything

00:27:11.660 okay so you've got the financial position covered and um that's always interesting too because i know

00:27:16.640 there's a lot of guys um that i've come across probably in the last six months it's interesting

00:27:20.840 it's only happened in the last six months but i've been introduced to a few financial professionals

00:27:24.920 that will you know create family trusts and um you know move money around so that sure the risk of

00:27:31.340 divorce rate goes down considerably we've seen some people be successful with the asset part but what

00:27:36.460 about the part that deals with the access to your kids if she just loses her mind well i suppose that

00:27:42.720 that's always a risk uh but on the other hand see you know time is on your side okay if a woman

00:27:51.880 acts really irrationally in so far as the kids are concerned right eventually the kids are going to

00:27:56.660 realize it okay and it's not going to argue well for her okay because see the kids are growing all the

00:28:05.420 time and so eventually you know if for instance a wife of yours an ex-wife or whatever uh doesn't want

00:28:13.120 you to see the kids okay and and decides that she's not going to allow that to happen and just really

00:28:19.580 uh puts all kinds of barriers in the way of that right uh what will happen is that see the kids will

00:28:26.360 want to see their father assuming that they have a good relationship with him and they're going to be

00:28:31.080 asking well why can't we see it okay and the mother is not going to cut off the father entirely

00:28:36.860 the the father will be able to see them you know once in a while and the kids will get a sense of

00:28:43.240 like oh mommy doesn't want us to see daddy okay and as they get older they'll be insisting that they

00:28:49.960 do want to see daddy and eventually they will and also the other thing i've noticed is that a lot of

00:28:56.540 fathers when they divorce they talk shit about the ex-wife this is a huge mistake because see children

00:29:04.080 they love both parents irrespective of whether one is being unfair to the other and so to shit talk

00:29:11.100 one parent it's always a mistake it's always going to backfire the smart thing rather is to rather than

00:29:17.840 shit talk the ex-wife it's to ask the kids uh you know to describe the behavior of the mother and then

00:29:25.900 ask if they think that the behavior of the mother is fair that's very different because like for instance

00:29:32.960 if i say to you oh you know your mommy is an awful person it's going to hurt your feelings but if you

00:29:39.940 say oh so what did mommy do oh mommy did that and how did that make you feel do you think it was a good

00:29:46.560 thing or a bad thing then it's a different dynamic you're bringing out from the kid the the feeling that

00:29:53.880 they're they're having the negative feeling rather than you imposing it on the kid and i think that a lot

00:29:59.100 of uh divorced men a lot of guys in MGTOW they sort of like in their frustration and rage they dump all

00:30:09.580 this emotional baggage on the kid and the kid doesn't like it resents it it bothers them and it

00:30:16.100 hurts the guy's relationship with the kid whereas the ex-husband father of these kids should realize that

00:30:24.880 the smart thing is not to use the kids as an emotional dumping ground but rather sort of like

00:30:31.040 get the kids elicit from the kids their own emotional reaction to the the um the ex-wife and the ex-wife's

00:30:40.040 behavior do you see do you um uh talk to guys privately about stuff like this like do you coach them on

00:30:45.860 this do you have any men that you kind of walk through the divorce machine well a couple you know uh i'm

00:30:51.480 i'm kind of like not crazy about doing private consults because it takes a lot out of me to

00:30:56.100 tell the truth i mean no fooling around yeah um because you know you get wrapped up in yeah you

00:31:00.580 get wrapped up in the emotional problems i've probably done close to a thousand calls now and i

00:31:04.300 you know i always laugh when people say that guy can't charge fifteen hundred dollars an hour it's

00:31:08.220 fucking ridiculous he's a snake oil salesman blah blah blah it's like dude my time's valuable and

00:31:12.900 that's what i charge to listen you know listen to some crazy shit to help you fix it yeah yeah yeah and

00:31:18.160 my process is basically i i basically charge it's difficult man like i've heard some fucking

00:31:22.800 horror stories and what you're saying like i get is coming from a good place but there's

00:31:26.340 but there's a flip side of that coin where it's like um like hell hath no fury like a woman scorn

00:31:31.940 man like there's some crazy stuff that i've uh that i've come across that i i really just barely

00:31:36.960 scratch the surface on but i mean like it can go either way for both people um i want to switch

00:31:41.800 gears dude because um we were talking before about uh psychedelics and you live in amsterdam

00:31:48.040 and you got a picture here on your instagram feed oh yeah uh dragon's dynamite with the um

00:31:55.080 quote uh guess what i did today so those are magic mushrooms right like that's psilocybin

00:32:00.340 yeah so talk about that like is that like a microdose for you do you go on like a hero's journey and

00:32:06.320 just look at the fucking dragons jumping off the buildings like uh what's your position on

00:32:10.480 psychedelics and drugs well i i've done a lot of research on it and there's a very very good book

00:32:16.000 that i would recommend called how to change your mind by a guy called uh michael poland it's funny

00:32:22.780 that you mentioned that because i just invested money into uh a company that that is doing research

00:32:29.460 on uh psychotherapy assisted psilocybin and that book was recommended in their um investment deck so

00:32:37.620 i've got to get it yeah it's a very very good book it came out last year i believe and i read it uh

00:32:44.260 just a few weeks ago as a matter of fact wait i have it right here i think wait let me let me just

00:32:48.680 look real quick and um uh yeah here here it is this is gonna be big i think i mean even even kevin

00:32:58.180 o'leary was talking about this the other day yeah how to change your mind yeah that's it yeah how to

00:33:03.320 change your mind the new science of psychedelics by michael poland okay highly recommend this book um

00:33:09.320 now this guy um in my own case the kind of uh i started doing drugs on my 13th birthday okay

00:33:20.100 my 13th birthday was quite quite spectacular i got drunk i got stoned i got laid and um i got my first

00:33:27.740 job it was like it's quite the 13th birthday man yeah it was we did a show the other day called rites

00:33:33.500 of passage it sounded like it all happened on the on your 13th for you yeah it was uh it was uh yeah you're a

00:33:39.300 horror weren't you 13 year old hey it was uh it was my catholic bar mitzvah like the next day

00:33:44.840 where were you living at the time i was living in miami and yeah and and how old was she she was

00:33:53.440 14 and months you know okay so yeah yeah i actually so not even legal actually well well no we were both

00:34:00.380 on the same side of the age of consent so it would have been okay okay but anyway the the point was that

00:34:05.560 um no i did dope like pretty heavily for like i don't know four or five years in when i was a

00:34:11.760 teenager and uh a couple of times i dropped acid i did coke i did pretty much everything except heroin

00:34:20.140 or any other kind of injectable and apart from pot i never smoked anything i never smoked like crack or

00:34:29.100 anything like that or free based cocaine or anything like that um yeah i i have a pretty

00:34:34.560 long laundry list of of drugs that i've taken in my time and is it a productivity thing for you or is

00:34:40.960 it a let's know just a little bit of a tryout just just pure entertainment and boredom you know

00:34:46.480 uh and uh to tell you the truth i haven't smoked dope in 10 years um it's legal here you can get

00:34:53.980 edibles yeah that's how i know yeah and i i haven't uh i haven't done coke since i was like

00:35:00.420 in my mid 30s or early 30s actually i i just you know i just outgrew it and also i have a um i don't

00:35:07.840 have an addictive personality and so it's it's it's for me it's why do you think that is because i have

00:35:13.180 friends that are exactly as you described they they'll they'll touch any of those things and they're

00:35:17.960 just hooked and i'm like you i don't have an addictive personality like i've smoked cigarettes never

00:35:22.700 got addicted i've done drugs never been addicted to them like um i just never have right yeah why

00:35:28.260 do you think that is why do you think some guys can just try i think it's genetic i can walk away

00:35:31.520 from this i think it's genetic you think there's a predisposition to oh yeah into things like

00:35:36.360 absolutely cocaine or whatever yeah because like for instance in my family um nobody's an alcoholic

00:35:41.440 nobody okay just and that's one of the most addictive drugs too right is alcohol yeah yeah and uh

00:35:47.800 like i used to smoke heavily uh and uh it just decided one day i'm quitting and i quit you know

00:35:53.840 so so back to the mushroom so the whole mushroom thing um what's that like in amsterdam like you

00:35:59.320 just go to a store you buy your psilocybin it's like take these and you'll look and you'll see

00:36:03.800 dragons sort of thing basically it's there's no there's no trick to it okay and um now now these

00:36:10.580 mushrooms are um they're pretty mild okay even the the the hard uh or the the most potent

00:36:18.640 mushrooms that they're selling they're they're called truffles here and they're not like i don't

00:36:24.780 know like the the genus of it or the the whole you know but it's it's not like it's it's not like a

00:36:31.300 ego annihilation kind of thing like when you're taking lsd lsd is illegal here and uh of the full-on

00:36:40.280 psilocybin or ayahuasca it's that's illegal but they do sell these truffles and it's perfectly safe

00:36:47.460 you know okay so it's a pretty low dose then you know yeah you get stoned and and and it's fun you

00:36:53.960 know you have visuals and um do you think that all drugs should be legalized in tax especially in

00:36:59.800 north america absolutely absolutely the war on drugs is stupid absolutely i thought so at the time

00:37:05.280 in the 80s i thought it was just dumb because i i also realized something i i once read something

00:37:10.320 really interesting that elephants you know elephants they um have this habit every once in a while

00:37:16.900 of banging their head against a rock not kidding until they're just like stupefied i think every

00:37:24.800 animal and we human beings are animals even when we forget it or pretend that we're not

00:37:30.160 i always laugh when somebody tries to commit oh we've evolved beyond that we're not primates

00:37:35.220 we are we are you fucking dummy yeah exactly exactly man come on and so what we are we're these

00:37:42.920 beings angel beings that we come from we just figured out the internet webcams and microphones

00:37:49.020 yeah look look the thing is see we are we are better at explaining shit and and we are better at

00:37:55.700 fooling gossip gossip gossip gossip was was what made us when did you ever read that stuff

00:38:01.000 yeah yeah i i heard about that yeah but like look um every animal needs to stupefy itself

00:38:07.920 okay different animals do it different ways you know elephants bang their head uh we take drugs we

00:38:15.240 all need it and and it's a great escape it's a great reset you know i think that um uh psychedelics

00:38:22.840 in particular are beneficial and i knew that when i was 13 14 because i remember there was this friend

00:38:28.920 of mine that we were living in miami i was 14 and we dropped ass like a bunch of us it was like five

00:38:34.140 of us one of us we were actually a half dozen and one of us one of our group chicken talent but he was

00:38:39.800 basically our like um he was our trip sitter right and uh there was this one kid i knew who had very

00:38:47.300 serious problems at home he was very bright we used to jam you know play guitar and stuff and he was

00:38:53.060 very very bright he had a lot of serious problems at home and he was essentially an alcoholic okay

00:38:59.700 and uh he was the kind of guy who would like you know take the bus in the morning drunk on a wednesday

00:39:06.420 okay okay he had serious problems and what was interesting was that we took acid uh two three

00:39:14.260 times and i remember going with him to some party we're at some party and he wasn't drinking and you

00:39:23.920 know i said well where's your drink and he's like oh yeah i forgot he just totally got off the sauce i

00:39:30.400 mean totally off the sauce it was really weird um it was like i i remember thinking to myself at the

00:39:38.040 time i was just a kid i mean as a child practically thinking this is really weird and he was just totally

00:39:44.720 off of alcohol and uh i moved away i don't know a year and a half later so i lost touch with the guy

00:39:52.640 but during that time he was he was just not drinking anymore after we did like two three trips

00:39:58.440 and i think that um i thought at the time that it was because of the acid and what's interesting is

00:40:06.900 that the michael poland book confirms a lot of people who have had serious drug addictions

00:40:11.860 alcoholism they they take psychedelics and it's sort of like apparently it solves ptsd and anxiety

00:40:19.400 there's there's a whole slew of research they're doing on this right now which is why i've invested in

00:40:24.360 it so heavily yeah and i really think you know the way they've treated weed over the last

00:40:29.040 few years i mean it's legal all the way across canada i think uh canada is either the first or

00:40:34.620 second country in the world to legalize marijuana for recreational reasons i mean they also legalized

00:40:40.360 it earlier for medicinal purposes too right but um i think it's coming for psilocybin next and it's

00:40:47.700 going to be psycho uh psycho-assisted uh therapy with um microdoses of psilocybin lsp well there's

00:40:54.520 no problem with microdosing is that you develop a tolerance to it okay it's not as effective okay

00:41:00.540 and so when people say oh my procedure they're talking about so this is going to be medically

00:41:05.800 supervised basically it's it's not let's eat a bunch of mushrooms and go on a heroic walk walk

00:41:11.100 through the woods with our au pair you know walking along with us take care so we don't try to walk on

00:41:16.620 water like we're jesus but yeah it's um i think it's going to be a great thing like and if you get

00:41:22.900 it like this is the time to get in so you find companies that that have great management and a

00:41:28.040 great model and throw some money at it and watch what it does i mean i think it's a great time um

00:41:32.820 let's talk about financial instruments because i mean you've got a history in that i mean you're

00:41:36.320 obviously sound financially you don't um you don't strike me as somebody that's um a fake or a fraud

00:41:42.900 when it comes to the experiences and the stories that you share and you've talked in the past and

00:41:47.980 i notice if i google your name or on youtube you have old old interviews talking about uh money and

00:41:54.160 other financial instruments right yeah what's your view on the economy today like where do you think

00:41:58.140 things are going because that's a lot of young guys have it's just so much bullshit okay i i don't i i

00:42:04.960 think that we've moved into a bizarre area i i think from 2008 you know the federal reserve and the ecb

00:42:13.220 i i think that they've been incompetent and i think that uh the crisis that will come okay for for people

00:42:21.820 who don't know just to get get to the basics see in 2008 the global financial crisis the gfc right was

00:42:28.200 basically um it was uh yeah it was a liquidity crunch but what was really going on was enormous

00:42:35.680 malinvestment because of cheap money now what's cheap money see low interest rates because you have

00:42:41.880 to understand is something that people don't quite get but this is very key you see interest rates are

00:42:49.160 the price of money right because you are borrowing money at a certain percentage well that bar has a cost

00:42:56.380 and that's the interest rate now see how do you arrive at the correct price for any good

00:43:01.640 whatsoever that good is supply and demand right now who supplies money to lend banks do but what has the

00:43:11.160 federal reserve and the ecb what have they been doing since forever manipulating interest rates and

00:43:18.280 what's that manipulating the price of money now if you manipulate the price of money you create

00:43:23.860 market distortions everybody knows that this is let me ask you this because i mean they've they've had

00:43:28.740 this conversation for years now right like they've had this dialogue this debate for years they you

00:43:33.380 know they've said that the economy is going to crash it's a house of cards blah blah blah insert the

00:43:38.720 narrative and you think that it's going to collapse and at some point like it's supposed to but

00:43:42.880 why is it taking so damn long because this is like molasses in the wintertime falling out of the

00:43:50.180 jar right no no and you're absolutely right and i'll tell you what it is is that the people who

00:43:55.800 are the people who are propping it up and preventing the crisis are exceptionally good at what they're

00:44:03.780 doing they're these are smart people okay uh anybody who says that the people at the federal reserve at

00:44:09.420 the eccles building or the people at the ecb that they don't know what they're doing oh they know what

00:44:13.540 they're doing they're very good at making up shit too they are smart smart old problems that they

00:44:18.220 fucked up on yeah but the thing is see uh in my one case i remember in 2010 i was convinced that

00:44:24.900 you know the world's gonna end and i thought it was gonna happen by 2012 and here we are in 2019 of

00:44:30.100 course the world didn't end uh because these these people are very smart customers they are very smart

00:44:36.680 customers and they are very good at faking stuff like what happened like uh last month right with um

00:44:43.100 or the month before last when they when the repo crisis happened and they started printing money but

00:44:47.700 they didn't call it qe but that's what it is it's qe4 at this point right and they started printing

00:44:53.240 out 80 what was it 80 billion dollars a month to go out there and purchase assets it was qe you know

00:45:00.360 and and they pulled it off and the markets were sort of like accepting i had a very interesting

00:45:05.480 conversation today as a matter of fact with a with a money guy uh the quant guy we we have a quant guy in

00:45:11.200 my real life job and the quant guy was basically saying look if everybody knows that the the central

00:45:20.880 banks have their fingers on the scale and everybody is benefiting then there is no reason to call

00:45:27.860 attention to the fact and there's every incentive to just keep on doing what they're doing

00:45:31.940 which is totally accurate and so a lot of people complaining that they're not benefiting though

00:45:37.620 well no the right people are running the show too badly for them to the detriment of them in the

00:45:44.940 world right like we've got greta thunberg you have a picture on your instagram as well of you

00:45:49.840 reading her books i want you to maybe like dip into that a little bit but we've got like this this

00:45:54.260 uh asperger's autistic whatever she is you know 16 year old girl pointing and sputtering at the

00:46:00.580 world saying you've got to do better but i've got no solutions just how dare you how dare you

00:46:05.900 so i don't know that everybody's convinced that it's benefiting everybody right no well it's

00:46:13.080 benefiting the right people and the right people are the banks the right people are the the bigger

00:46:19.980 hedge funds okay i think that right now the central banks the the federal reserve they're

00:46:24.060 very concerned about the hedge funds because they're way overexposed and they're way overexposed

00:46:29.620 because of this bull market and a lot of these hedge funds have kept on buying and buying

00:46:34.360 everybody's just buying and buying i mean the p e ratios the average what are we at now like 35 to

00:46:39.980 one or something absurd like that or i actually haven't been following that particular number but

00:46:44.180 it's ridiculous it doesn't make any kind of financial sense and so look eventually the the

00:46:51.860 bubble is going to pop the problem is that you're absolutely right it's taking forever

00:46:55.440 i've come to the conclusion that we're going to have to need some sort of exogenous event

00:47:00.120 something from the outside something completely unpredictable terrorist attack no no something

00:47:06.380 much bigger than that some something that like everybody's like what the fuck what are we talking

00:47:11.200 about here like an extent like an extinction level event we're talking about a zombie apocalypse like

00:47:15.760 where are you going but you know you gotta you gotta look at history like in 87 right the the crash

00:47:22.460 of 87 um what triggered it well there was just some bullshit out in the persian gulf that iran had some

00:47:31.180 coast guard boats or something that shot up some american destroyer it was something trivial but that's

00:47:37.380 the thing that triggered it it was some exogenous event that was in the scheme of things trivial but it

00:47:43.300 just spooked the market you got to keep in mind that the market is basically like a herd do you think

00:47:50.620 that's why trump didn't bother going to war with the persians with the with the uranians yeah uh

00:47:56.760 that whole thing i'm really interested in what was going on there uh i i'm gonna refrain from giving

00:48:02.920 any opinion but i think it just seemed really weird you know and uh but anyway the i to to to finish

00:48:11.800 off this issue about the markets and when the whole thing is going to pop you have to understand that

00:48:16.640 the price manipulation of money has been going on for decades it's benefited a lot of people so they

00:48:22.760 have an incentive a built-in incentive to keep on doing what they're doing and keep on making the

00:48:26.620 money that they're making i think it's been going on since they unpinned it from gold hasn't it

00:48:30.680 well no um or was it prior to that you think

00:48:34.780 central banks have been manipulating the price the interest rates since forever the bank of england

00:48:41.040 famously during the 17th century kept it steady but i mean they've been going on a wall

00:48:45.580 while tears since they unpinned it from gold no no no no no i don't think so no uh the what happened

00:48:53.080 was that when they unpinned it from gold in 72 because of the the balance uh the um uh what you

00:49:01.580 call it the the they had to in in 72 i think it was that they that they exited gold and breton woods

00:49:09.220 but you know what happened was let's see after paul volker in 79 stabilized the dollar okay or

00:49:17.840 1980 rather uh when he stabilized the dollar by increasing interest rates and just spooked the market

00:49:24.360 and just whipped the dollar back in line because that's what had to happen they had to raise interest

00:49:28.700 rates astronomically at one point it was like 23 percent yeah i remember in the 80s my dad was

00:49:33.840 complaining that i think he said the mortgage rate on our house was about 18 or 19 percent

00:49:39.040 which is ridiculous i mean mortgage rates are like i don't know there's three or something like that

00:49:44.520 now i'm not sure where they are but they're very low yeah because what happened was that inflation had

00:49:48.820 had gotten away from the central banks and the only way to really whip it in line was to raise interest

00:49:54.520 rates because that's the only solution to to inflation raise interest rates to the point where

00:49:59.460 it just you zap it okay and that's what paul volker did he got a ton of crap for it back in the day

00:50:05.420 i mean he had to go to congress like a bunch of times and testify and you know you had all these

00:50:10.100 congressmen screaming at him because all these congressmen of course had these um these voters

00:50:16.000 back home saying how come i'm paying 18 percent like your folks 18 percent mortgage uh rate what the

00:50:22.360 fuck right and so anyway paul volker stood steady you know he was a tough tough tough sob and he got

00:50:31.420 us through the bout of inflation of 79 which really was proving to be catastrophic for the american

00:50:37.640 economy it was more important to kill inflation at that point than to worry about interest rates and

00:50:44.220 you know it was a strong medicine and did the job and so after that and also because of the

00:50:49.120 neoliberal revolution which deregulated the markets and allowed capital flows um uh you know the end of

00:50:57.940 capital control of effective capital control which is a key issue because that way money can move around

00:51:03.160 and you can arbitrage your capital and move it to different places and that's why the exodus from

00:51:09.360 american industry to third world countries where they'd set up factories in guatemala and vietnam and china

00:51:15.600 china especially and set up a factory and then re-import the goods to the united states right that

00:51:21.480 created a deflationary incentive because all of a sudden the same goods were being manufactured in

00:51:26.820 china and being imported to the united states but at half the price or even less and so this this

00:51:32.960 deflationary pressure combined with the end of inflation in the early 80s and through the 90s and

00:51:39.480 into the 2000s these are long processes right uh it created the incentive for the central banks to

00:51:45.920 maintain low interest rates because there is no inflationary pressure because because of globalism

00:51:52.500 because of the neoliberal uh revolution that maggie thatcher and ronald reagan implemented right

00:51:58.720 um by deregulating the markets they lowered the prices of things because everything the industry was

00:52:07.560 exported from the developed countries to underdeveloped countries and that's why the american

00:52:12.480 economy went from a manufacturing economy to a service-oriented economy because you can't

00:52:17.400 outsource service jobs you need somebody there right uh a factory you can send it to china and so

00:52:23.380 what do you see happening what do you see happening over the next five years because i feel like this

00:52:27.120 story could literally go on for six hours straight okay that you're diving okay it's okay yeah and the next

00:52:34.380 you think this is going to go in the next five years like what do you see the economy doing because

00:52:37.740 i had a few people asking me to pose that question to you sure uh i think that the debt bubble that we

00:52:43.740 have both in the federal government and especially the state and local governments that people aren't

00:52:47.640 paying attention to uh and and the problem of um of over commitments in so far as pension funds are

00:52:56.180 concerned and over indebtedness across the board see uh it's going to pop eventually you get what's

00:53:02.720 called a minsky moment a minsky moment is the moment when you have such debts that even if you

00:53:08.300 continue borrowing you cannot borrow enough to cover the interest payments of your previous debt

00:53:14.600 that's the minsky moment name for the economist hyman minsky and um we're going to hit a minsky moment at

00:53:22.100 some point especially like the state governments we're already seeing it in illinois and chicago

00:53:27.660 and uh we're also seeing in kind of california where where the the state governments don't have

00:53:34.780 enough cash to fund all their liabilities and they can't borrow anymore because nobody's willing to lend

00:53:41.340 them okay so a lot of things can happen in that situation now one possibility is that the federal

00:53:49.680 reserve starts printing money just to cover the debt and that would hyperinflate the dollar

00:53:54.120 another possibility is that the fed does not print money and a lot of localities start going broke

00:54:02.440 and just wipe the slate clean that would actually be the healthiest long term but you know i know

00:54:08.300 people and people always go for the lazy way out and so my concern which has been the same concern

00:54:15.340 i've had since 2010 is that the federal reserve will find it just easier to print money to get out of

00:54:22.220 the hold that they're in and by printing money what will happen of course is that at some point

00:54:28.400 on that money printing will lead to a complete collapse in the value of the dollar especially if

00:54:34.260 there's a severe economic downturn i personally think that that's what's going to happen but i can't

00:54:40.600 say when okay so so speaking of currency um what are your thoughts on cryptocurrency i think it's

00:54:47.660 things like bitcoin total bullshit really oh yeah and i can i can prove this very easily okay first

00:54:54.500 of all i've known about cryptocurrencies since 2011 and i thought it was bullshit then of course i would

00:55:00.280 have gotten into bitcoin heavily and i had the opportunity to get into bitcoin heavily in 2011

00:55:05.100 if i'd known that this irrational exuberance this tulip mania and so far as cryptos would continue up to

00:55:12.160 2020 of course i would have gotten into it but the same thing as saying that oh yeah if i'd known the

00:55:16.260 lottery numbers the winning lottery numbers i would have bought them back in the day i've got a

00:55:20.180 different perspective now i came at it from the same angle when i first heard about it was about

00:55:24.080 2012 or so and i was having lunch with a friend of mine he's like i'm going all in on this bitcoin

00:55:29.800 thing right you guys have watched my channel for quite a while know who amir is i've been on his

00:55:35.620 podcast as well but um like he went all in i'm like that's that's that's stupid that's not going to go

00:55:41.080 anywhere that's dumb the banks are going to shut it down the government's going to shut it down

00:55:43.840 because i saw that from my perspective in the credit card debt relief business and how they

00:55:49.120 really truly manage uh financial instruments on the debt side of things because that's my expertise

00:55:53.560 and um i was wrong i was fucking dead wrong yeah and since then i've put five percent of my personal

00:56:00.860 wealth into bitcoin so i'm banking on it um not that heavily but i'm banking on it um being there

00:56:08.500 when that dollar issue becomes reality well this is my thinking on bitcoin see uh number one the key

00:56:16.620 issue is it necessary for any purchase that is do you need bitcoin or any other cryptocurrency

00:56:24.440 in order to purchase something or acquire something that is absolutely necessary that you cannot acquire

00:56:31.900 with any other currency or any other means yes answer is of course no no it's yes i buy stuff with

00:56:38.260 bitcoin that i don't buy no no no no no no see you can get those same things you can't yes with a

00:56:45.160 credit card with dollars okay and people say that oh you know in the dark not as easily not as easily

00:56:50.620 though yeah but you can get them you can't but not as easy i mean it's far easier for me to get

00:56:54.520 certain things with bitcoin that i can't with fiat currency yeah yeah uh you know if you want to get

00:56:59.720 like uh i don't know like pot delivered to you sure cryptos are great but you can still i'm what

00:57:05.040 the dealer is going to say no i don't take dollars i only said bitcoin come on okay yeah you can get it

00:57:10.540 with with dollars okay see uh modern monetary theory is this newfangled theory that's popped up which is

00:57:17.660 just they're full of shit but they do have a couple of really good insights and one of the insights is

00:57:21.660 that see a currency is valuable because the tax authority of that country only accepts that currency

00:57:28.040 which is accurate you go to the irs they're not going to take yen or or pound sterling or euros

00:57:33.560 they only use dollars yeah okay uh ditto with you know the japanese tax authority the british tax

00:57:40.380 authority they only take the local currency and that obliges all the citizens to have that local

00:57:44.680 currency okay which is a very good uh uh insight that mmt has but precisely because of that you can

00:57:51.680 apply it to bitcoin or any other crypto there is nothing that is necessarily and sufficiently

00:57:56.880 purchased with a crypto but you can get it with other but what you're arguing is though that for

00:58:03.600 you to pay taxes you need to pay in u.s dollars you know which is true in the u.s yes yeah yeah

00:58:08.840 irs will take you to take a hike if you bring in euros for instance and euros is a perfectly legitimate

00:58:14.220 currency agreed yeah yeah you can only pay it okay so the issue becomes what can you get with bitcoin

00:58:21.380 only with bitcoin and no other currency that you can get or that you need to purchase but it's an

00:58:28.060 essential thing that you can only get with the cryptocurrency it doesn't matter which one

00:58:32.300 the answer is none okay okay you know that it serves more than just the purpose of currency though right

00:58:38.000 yeah but the point is it's value okay number one there is nothing that you can people always say

00:58:47.220 that you know the dollar is a fiat currency it's not backed by anything but that's a bullshit argument

00:58:51.440 there are certain things that you cannot get with anything else other than dollars for instance oil

00:58:57.160 well okay so let's talk about south america because that's where you're from and we've seen a

00:59:02.760 state printed currency okay go yeah there's a key issue number one that it is it is not a

00:59:11.200 necessary and sufficient currency for any purchase of any good or service number one and number two

00:59:16.720 um there's like bitcoin right and there's ethereum and there's some other there's like 1 800 more yeah

00:59:25.500 yeah okay so what's the difference between them the 1 800 more yeah they're all bullshit they're all

00:59:33.100 shit coins well no it's a different what separates bitcoin for instance from all these other

00:59:39.520 bullshit coins um it's the belief in it is really what it boils down to it's just like currency the

00:59:47.680 only reason why the u.s dollar has a value of 20 u.s dollars is because everybody agrees that it has

00:59:53.040 that value of 20 u.s dollars no no that's not accurate okay okay the value of the u.s dollars is

00:59:59.780 it's backed by oil because saudi arabia in 1974 the simons deal saudi arabia agreed to sell its oil

01:00:08.420 in dollars exclusively i see what you're saying but let me take it from this perspective you take

01:00:14.220 a 20 dollar a u.s dollar greenback to a guy living in the amazon basin with the tribe that's never had

01:00:21.860 any electricity and hunts with fucking spears and fishing rods and stuff like that and you give him a

01:00:26.020 20 bill he doesn't agree that it has any value he might look at it and wipe his ass with it sure

01:00:31.260 right so the only reason why a u.s dollar has a 20 valuation on it a 20 bill is worth 20 dollars

01:00:38.520 because everybody agrees it's worth 20 bucks because we all believe in it no that's incorrect

01:00:44.360 that's that's incorrect okay the reason that the dollar you haven't read sapiens then have you

01:00:51.000 i beg your pardon you haven't read sapiens then have you sapiens yeah i don't know what that is uh

01:00:57.560 noah uval harari wrote a series oh yeah yeah i read it i thought the two first two-thirds of it

01:01:05.000 were great but then he got all pc and i just lost interest okay okay so that's where you lost okay

01:01:09.640 anyway uh the the thing is see uh the do you need oil no yes you do how do you drive your car

01:01:19.380 well you you need oil for a car but do you need oil no you do for your life for your continued

01:01:26.660 existence you need oil yes if you want to have a car yes yes if you want to have heating oil in

01:01:32.340 your home right assuming you live in a cold if you want motor oil in your engine yes if you want yeah

01:01:36.680 yeah okay plastics yes so in in the modern economy and i think that this is an uncontroversial

01:01:42.260 statement oil is an essential ingredient to the modern lifestyle this is not controversial you need

01:01:49.260 it for gasoline you need for heating oil you need it for lubricants for all kinds of machinery and

01:01:55.040 whatnot right oil is an essential component to the modern society you cannot buy oil without dollars

01:02:02.360 this is not something i'm making up this is true okay okay gotcha uh there are some markets in oil

01:02:11.280 where you can use euros you can use yen but these are secondary markets you want to go to opec

01:02:16.220 opec deals exclusively in dollars so you're saying the oil that oil is a new gold

01:02:20.860 no what i'm saying well yeah basically we have uh the petrodollar matter because every other country

01:02:29.580 in the world needs to get dollars in order to buy oil every single one okay and it's because of that

01:02:36.580 fact because of the simons deal in 1974 that not enough economic historians pay attention to but

01:02:41.740 that's the reason why everybody needs dollars and that's the reason why dick cheney was essentially

01:02:49.100 right deficits don't matter because you have to think of saudi arabia and the opec countries as

01:02:54.420 essentially the 51st states of the united states so what happens when oil no longer becomes relevant

01:03:02.820 yeah that's going to be in the future but right now and for the foreseeable future for the next 10 20

01:03:07.940 years it is essential i mean academically thinking about it that's very interesting but right now and for

01:03:14.520 the foreseeable future i.e the next 20 years we're going to need oil of course tesla is building

01:03:20.140 electric cars and all the rest of it but we need oil for gasoline we need oil for heating oil yeah

01:03:25.260 they can go on about their electric cars all they want but the raw materials that they need to ship

01:03:29.600 across the world are transported on boats that are burning diesel or trains that are burning diesel or

01:03:35.220 exactly so um what are you most excited about with your channel in the coming year now that you've

01:03:41.120 switched over to gonzalo like i've seen the uh tone and pitch change a little bit you're talking

01:03:45.220 about slightly different concepts um like have you gotten bored about talking about women or

01:03:49.760 like where's it going well yeah because i mean like uh i don't want to be repeating myself okay and um

01:03:56.180 i often wonder why guys keep banging their heads against the wall when it comes to checks it's like

01:04:00.940 they're not really that hard or that difficult to sort out i mean if you really make yourself

01:04:04.600 your your priority and you've got something going on that's significant you got game and you look good

01:04:09.320 you're not fat and all that sort of stuff and you know how to protect your assets it's not that big

01:04:13.720 of a deal i mean how many more conversations you have to have about it well very true what you're

01:04:20.120 saying but my thinking is that a lot of guys how am i going to put it look it if if the sexual

01:04:32.000 marketplace is a parietal distribution right where you're going to have the 20 guys at the top who get

01:04:37.520 80 of the women right and the bottom 80 of men are you think it's 80 20 or do you think it's more

01:04:43.860 like 10 90 no 80 20 a parietal distribution seems about right okay but it doesn't really matter it's

01:04:49.640 academic it's it's sort of it's skewed that way yeah it's a geek and 20 doesn't really matter

01:04:54.160 no it doesn't uh so you're always going to have like a top group that's going to have it relatively

01:04:58.980 easy you're going to have a middle group that's going to be struggling to a greater or lesser extent

01:05:03.200 and you're going to have a bottom group say bottom 20 or 30 that's never going to get the

01:05:09.120 goals and they're going to be perennially frustrated and angry about it which is which is the great

01:05:15.100 problem of our contemporary society because you call them the quitters well it depends i mean some

01:05:21.940 of them have quit some of them are just very resentful some of them you know like uh what's his name

01:05:27.620 elliot rogers decides that he's going to shoot them right uh but all these guys at the bottom 30

01:05:33.300 i think that they should not be uh dismissed because it's legitimate they're they have a

01:05:40.340 legitimate grievance and rather than dismiss them or shit on them or call them incels and whatnot

01:05:46.000 i think that we as a society have to figure out a way to get these guys laid yeah because it's just

01:05:54.660 not fair it's and it's it's miserable what do you guys for for guys it's it's miserable for them and

01:06:03.660 it's bad for the social order long term for a sizable minority of young men who are just not

01:06:12.140 very sexually attractive or sexually or socially adroit but who are decent guys hard-working people

01:06:18.660 good men yeah they are no here i just want to show you this up on the screen uh nicholas is getting

01:06:23.980 upset because the conversation's going off track uh you're blabbing a lot about stuff that he's been

01:06:29.040 talking about in his videos uh the live chat is not on topic apparently he's not getting what we

01:06:35.120 promised on the subject guys these live broadcasts are about what i want to talk about so if you don't

01:06:41.440 like it you can go right i like having conversations about stuff that i think is interesting it's not

01:06:46.920 always about chasing tail this this series is called playing to win right and we're talking about

01:06:52.180 interesting concepts here around that so you can have some success in your life um so back to the

01:06:58.100 question what do you think the solution is for these lower tier guys that are not having any

01:07:03.740 success with women and and you said yeah we got to get them laid right that's the million dollar

01:07:08.220 question um we you we have to see what we had before and what we had before was a regulated

01:07:16.280 sexual marketplace whereby guys who were first of all girls were obliged by their parents by their

01:07:25.880 grandparents by their girlfriends not to sleep around not to be sluts and what happened also was

01:07:33.000 that um parents and grandparents and aunts and uncles and whatnot would push young people together

01:07:39.560 whom they thought would be good matches which is a very wise approach because a lot of times young

01:07:46.060 people they're not smart enough to know who's good for them okay uh i mean come on like you know you

01:07:52.300 and i were both grown men and we can remember uh you know when we were 19 and we were crazy about

01:07:57.900 some girl and retrospectively were like horrified and realized that that girl was some skank or some

01:08:02.960 horrible woman that it would have been a disaster if we'd wound up with them right uh we know that

01:08:09.640 okay and a lot of times when you're young you're just like a hormonal monkey and don't know any better

01:08:14.720 right but older people do know better okay and a lot of times an older person will know these two people

01:08:21.300 they'd fit they'd match even though they might not have the obvious sexual attractiveness the obvious

01:08:27.680 qualities but you don't think there was a 30 chunk of the population that still wasn't getting laid back

01:08:35.080 then too no it wasn't people were getting were married and i mean like we know that that things

01:08:41.540 have changed considerably since then i mean like what it took to get married and have a family in the 50s

01:08:46.620 is a lot different than today like back then you i mean you could have a pickup truck in a factory job

01:08:50.600 and you'd have like leave it to beaver at home right exactly that's not enough anymore no so

01:08:55.820 well what is your solution then a time machine i don't know i mean i i i do not know and it's a

01:09:01.940 really good question because there's also another problem see number one uh several problems number one

01:09:08.060 women who are in the workforce and they're earning good money well women naturally want a guy who's a

01:09:13.680 higher status hypergamy yeah yeah and so what happens is that see if you have like a bunch of women

01:09:19.020 who are roughly earning the same as men then they're not going to look at their peers

01:09:23.100 and with any kind of sexual interest they're only going to be looking at the top

01:09:26.980 i don't know about you but i find women like that rather unattractive they don't like they're not

01:09:31.960 very feminine you know it's like a it's like a dude with a vagina basically right like you know

01:09:38.340 they're out there putting a dent in the universe and they want a c-level job they want to run

01:09:42.300 businesses with entrepreneurs and like oh no no i'm not i'm not talking about them if i find them

01:09:47.260 no i mean there's a problem with that too because there's another reason why a lot of them end up

01:09:51.560 being single is a lot of guys don't want to be them right like a c-level guy that's making half

01:09:55.280 a million dollars a year he doesn't want somebody that's going to bitch him out when he gets home

01:09:58.520 and no he's not good enough yeah exactly exactly you know i mean like no he doesn't want to live in

01:10:05.540 his wife's shadow no but you know yeah also the other thing is that women have these bizarre

01:10:10.600 expectations nowadays yeah they're they're quite a bit more unrealistic than what they used to be

01:10:16.220 yeah i mean and that's saying a lot you know i mean like jesus but i mean part of the problem is

01:10:21.280 they're spoiled for choice right i mean all the all they have to do is have a smartphone and an

01:10:25.760 instagram account or a dating app and they'll get unlimited attention from unlimited men even fours and

01:10:30.540 fives will get them today right yeah exactly right and the other thing too is that feminism has

01:10:36.740 has basically taught women that they can be as bitchy as they want to be and somebody's going to be

01:10:41.020 interested in them because of the unlimited attention yeah exactly uh and so it's it's

01:10:46.560 i i feel sorry for a lot of guys in the west in in the united states in western europe in in the uk

01:10:54.060 and i personally think that they should be looking to other countries other countries where the

01:10:59.880 sexual roles are are what do you think men should be looking today what what do you think men should

01:11:06.780 be looking today if it comes eastern europe women eastern europe no question but i mean they're

01:11:11.160 they're what like 5 10 15 years behind north america uh when it comes to the toxic version of feminism

01:11:18.060 that's coming their way no because they're poor and they're always going to be poor and because of

01:11:24.340 that they can't afford the luxury of feminism and all that nonsense okay uh you go to countries

01:11:30.860 countries like belorussia ukraine um not the baltic republics uh but um uh slovenia slovakia russia

01:11:40.020 they're always going to be poor okay and so the women cannot afford to be feminists you go to ukraine

01:11:49.180 belorussia wherever all the girls are turned out they they take care of their appearance they're not

01:11:54.680 none of them are dressed in a track suit okay no and and none of them are these 900 pound land whales

01:12:02.520 okay no there's no harpy sitting in their car with a hair bun in a track suit yelling at people

01:12:08.060 no none of that none of that shit no i mean they're all hot okay i mean that's the bizarre thing even

01:12:15.020 the ones who are like not objectively that attractive they fix themselves up they look good and they're all

01:12:21.200 slim that's the thing look in ukraine where i live half the time right uh i'm trying to think i have

01:12:31.020 seen maybe a handful of obese women okay uh obese young women and i didn't hear them so they might

01:12:41.820 have been foreign native girls you know ukrainian girls none of them are fat none none whatsoever they

01:12:49.600 might not be their face that attractive because you know there's a variation some of them are very

01:12:54.420 pretty and some of them not so pretty but fat none what would the um people say where you lived in

01:13:03.000 eastern europe about somebody like tess holiday being on the front page of cosmopolitan being they

01:13:07.760 can't believe it they cannot believe this morbidly obese diabetic you know one cheeseburger away from a

01:13:13.880 heart attack uh you know model how is she a model she's a a model of what not to be she's a lens model

01:13:22.800 maybe i don't know and and by the way she's not only a land whale but all those tattoos it's just she's

01:13:28.860 just horrifying what do you think of tattoos i've got this broadcast that's uh coming up soon and i had

01:13:34.400 this guy who's a tattoo artist dm and he goes uh i'm starting to think that women that get tattoos

01:13:39.280 have serious psychological problems yes so i got into some dialogue with him like do you want to

01:13:45.220 do a live broadcast because i want to talk to you about this a little more detail but what do you

01:13:48.140 think about tattoos that'll be coming up in the future so make sure you guys i've done two videos

01:13:51.800 on it uh i've talked about it a few times and i've triggered a few women over it that are of course fat

01:13:57.620 feminist you know tatted yeah yeah screw them i don't care you know i don't want to bang them so

01:14:02.600 they don't exist in my universe so yeah uh i've done a video about tattoos on women and a video

01:14:09.080 on tattoos on men and i think different isn't it i think they're stupid i think they're completely

01:14:14.700 idiotic yeah i saw the one on tattoos in general that you meant that you made but as far as women go

01:14:20.640 like what's your view on women that are that are tatted up like what does that mean it means that

01:14:26.420 she's nuts simple as that yeah we can do like the whole breakdown of it what it means specifically

01:14:32.060 and why but bottom line she's nuts run or fuck her for a nice long weekend or whatever but no she's

01:14:39.640 not long term she's crazy she's look the reason that she this is for the guys a reason a girl who

01:14:46.620 gets tattoos has zero impulse control because see long term a tattoo is horrible it looks bad on you

01:14:53.500 and also it is a fashion it's a fashion accessory and that's something that you see in eastern europe

01:14:59.320 much at all like you see that in jews and women yeah and when you do you know that she's nuts and she

01:15:06.500 is she's the girl's absolutely off her rocker if she's got a tattoo okay no exception no i used to

01:15:14.600 think i used to think that oh like a small discreet tattoo it's not that big of a deal no i've learned

01:15:22.040 the hard way yeah she has a tattoo even if it's small one if it is like discreet even if it's like

01:15:28.380 hidden or whatever she's fucked up she's fucked up that's a big red flag for you yeah and a guy who

01:15:35.660 needs a tattoo i a guy who needs a tattoo he's like either not thinking about the future or he feels that

01:15:43.240 he needs to uh permanently mark himself in order to seem more interesting i'm fairly interesting

01:15:50.480 interesting enough that i do not feel that i need to decorate myself like a fucking clown to you know

01:15:57.480 project any kind of interest to the exterior world anybody who thinks that i'm interesting because of

01:16:01.900 tattoos is not somebody i want in my life i've never had the inclination i mean i've always looked at it

01:16:08.400 like i've got enough scars already because i got like you know burns on my arms and my chest and my

01:16:12.460 whatever so it's just like you know i just never really had a lot of interest in it plus i've seen

01:16:16.900 you know cousins of mine that are older that have to get their arms lasered and just it kind of bleeds

01:16:21.520 in it looks like shit after a while and if you're a woman it just looks trampy it just looks cheap um

01:16:26.460 we got like 15 minutes left so i want to kind of start to wind down the conversation um

01:16:32.760 what well you've got a son now right yeah i have two children okay well let me ask you these

01:16:39.160 questions so so you got a son um what lessons are you going to be teaching your son as he grows up

01:16:45.780 like if you were to pick let's say four or five real important lessons that you would need to cover in

01:16:50.520 the next 15 minutes what would you be telling your son as he's growing up like what's important

01:16:53.540 because i mean you're talking to all these men right now too i mean 95 percent of our audiences

01:16:57.620 um don't uh don't drink okay drinking is is actually the worst addiction i think uh or or

01:17:06.720 be very careful how you drink never get drunk a lot of people don't get that alcohol is a drug though

01:17:11.640 like i've seen people say things like i don't hang around people that that that do drugs but

01:17:16.400 they're guzzling gallons of like liquors yeah right like dude that's a drug i personally think i i've

01:17:23.280 done coke i've done booze i personally think that booze is worse than coke okay

01:17:27.360 so so yeah i think i've done both i i don't know that i would agree with that but yeah

01:17:31.300 no no i mean the effect of one is obviously far stronger than the other they're both shit yeah

01:17:35.980 yeah yeah um but okay handle your booze never get drunk never get drunk in public okay never get

01:17:44.420 drunk period but you know especially not in public okay and when you realize that you're a little bit

01:17:50.760 off just get off the sauce instantly okay that was first uh number two um read everything

01:17:57.200 especially non-fiction read everything and you should have a habit of reading you know like 50

01:18:02.920 pages a day or something it's a great habit and whatever whatever book comes across you come across

01:18:08.440 even if you're like sort of like mildly interested pick it up read it okay uh number number three um

01:18:15.980 if question anybody in authority that means it's not like automatically doubt them but ask why they think

01:18:25.460 anything if the guy knows what he's talking about he'll be able to give you great answers to

01:18:31.520 whatever doubts you might have okay a guy who says oh just take my word for it i'm a phd from harvard

01:18:38.420 he's bullshitting he's bullshitting okay because the truth is always obvious and simple okay and so if

01:18:45.820 somebody says x whatever it is and you ask them if they know what they're talking about and it's true

01:18:52.620 they will give you the explanation instantly if they are bullshitting you they're going to appeal

01:18:57.580 to authority appeal to their own authority or some other authority yeah uh so always question authority

01:19:03.400 okay question why somebody's saying something okay um get in shape that's something i deeply regret

01:19:11.360 when i was younger i did not uh exercise as much as i should have and i ate a lot of garbage a lot of

01:19:18.680 cheeseburgers not enough broccoli i wish i had taken better care of myself when i was younger

01:19:25.420 uh and done more exercise and more physical activity i tend to think that i would have also

01:19:32.720 been a lot happier i think that regular strenuous physical exercise improves your mood it's very obvious to

01:19:42.180 me now when i was young you know 19 22 whatever i was an idiot in that regard and i deeply regret that

01:19:51.480 and i think a lot of guys a lot of young guys if they were you know working out uh you know daily

01:19:59.160 sweating at least 30 minutes i mean like really sweating doesn't matter the activity running weights

01:20:04.880 whatever but they're sweating for 30 minutes every day there would be a marked improvement in every

01:20:11.900 area of their lives what do you do for self-care me personally um i watch my diet and i'm actually in

01:20:19.120 the process of losing some weight because i i wasn't paying attention i started ballooning

01:20:23.260 and uh i'm pretty happy because in the last uh month or so notice it was it you that noticed it or

01:20:28.840 was it people in the videos that said something in the comments to you oh no i noticed it yeah you

01:20:32.780 notice it right about yeah and no i've gone down what now about uh eight kilos in the last month

01:20:39.960 eight kilos is what about 20 pounds yeah uh it's 2.2 yeah yeah uh and um and i do a lot of walking

01:20:48.960 and i play squash i mean i because wherever i am i always have my office uh between at least a

01:20:58.560 kilometer away not more than two and a half kilometers away and i walk that you know never

01:21:03.000 take uh never drive a car to work and um and i play squash once or at least once or at least once a

01:21:12.160 week i play squash and uh squash is a great sport you know i mean it really keeps you know it's hard

01:21:20.480 on the knees that's the only problem with it and my knees are starting to go um but um but it's a

01:21:27.420 great cardio workout and it really it's it's a very intense sport you know by the way have you

01:21:32.860 looked at using bpc157 on your knees uh what's that i have no idea what that is i'll link it for

01:21:38.880 you in the chat afterwards but it's a peptide it's it works really well i pretty much fixed my knee

01:21:43.400 um really a couple months ago yeah yeah i really had left knee like i wouldn't even be able to play

01:21:47.940 play squash before really yeah i'll i'll fill you in afterwards but um okay so that's the self-care

01:21:54.440 what about the conversation around uh money and finances like what would you tell your boy

01:21:58.580 i would tell him never going to debt never go into student debt student debt takes on average in

01:22:06.900 the united states it takes uh people 21 years to pay it off the average student debt load today

01:22:13.280 is 37 000 do you think university or college is worthwhile in north america no no waste of time

01:22:20.160 waste of time and money they're not teaching you anything they're not teaching you anything

01:22:24.320 um you can have a very fulfilling life without a university accreditation

01:22:30.560 uh a fulfilling and successful life i think that um

01:22:37.280 um i think it's bullshit that is being sold to young people who don't know any better i think

01:22:43.260 it's a catastrophe on a social level because all these young people graduating with all these debt

01:22:48.420 all this debt they're unable to pursue the lives that they want to lead they can't buy their first

01:22:54.380 home until they're in their 30s they can't start a family when they're young because they have this

01:22:58.800 debt load i think it's despicable what the educational establishments have done

01:23:03.900 and uh the only people who benefit are administrators and bankers i personally have invested in in student

01:23:11.980 bonds it's a fantastic deal for investors but shit for students no it's a great deal and one of the

01:23:17.900 angles that financial institutions have had on student loans was to offer them other instruments like uh

01:23:24.380 lines of credit credit cards uh you know the first car loan rsp loans yeah um because once they got

01:23:29.900 them on the books on the banks they know this you know this 25 year old's probably going to

01:23:34.140 live to about whatever the average life expectancy is 76 82 i don't know um but they

01:23:39.180 got them on the books for the while right which means they've got them on the never-ending

01:23:43.260 merry-go-round of debt throwing interest payments off pretty much for the rest of their

01:23:46.300 life so i totally agree with that uh you know that philosophy when it comes to education

01:23:51.580 um what about um money in general so stay out of debt about like as far as investing what about

01:23:57.740 having your money have sex with the money so that it reproduces itself well my thinking is that you

01:24:03.260 should aim to um save a quarter of your gross income gross not net uh because here's the thing

01:24:12.620 that you discover fairly quickly once you get into the workforce see that uh your uh lifestyle expands

01:24:20.140 to however much income you have and so if you don't control it yeah yeah and so if you deliberately

01:24:26.860 decide that your your gross paycheck you're going to put away a quarter of it okay just just put it away

01:24:34.140 uh you will quickly accrue a great deal of money you will quickly put together a very nice nest egg

01:24:40.940 and you will not feel that you are depriving yourself of anything okay uh that's the thing that

01:24:47.420 especially young guys they don't quite realize because they figure well i need to you don't

01:24:52.220 need anything you need very little you know always be thinking that you want to get stuff that's

01:24:59.020 like for instance you want to get a car that's used because a new car you drive it off a lot and

01:25:05.500 lost a third of its value what's the point of that okay you you always want to be thinking like

01:25:11.020 um how can i put it any expense that you have you want to make sure that it's worthwhile long term

01:25:19.980 let me give you an example a specific example i purchased a motorcycle last year what kind of

01:25:25.580 bike i got myself a ducati scrambler i was looking at those the other day great yeah i was looking at

01:25:30.940 the cafe racers in that series i'm not crazy about cafe racers because i like to sit upright yeah you

01:25:36.940 know but uh but that's a person i was always a sport bike guy yeah yeah i'm not crazy about

01:25:41.900 sport bikes because they scare me you know yeah no i'm i'm too old and bent out of shape to ride

01:25:46.780 sport bikes now yeah but no no i uh i had the opportunity to get myself a ducati 999 sport bike

01:25:53.180 it was modified it was incredible incredibly fast i took a spin around it scared the shit out of me

01:26:00.540 life's too short you know no it's so fun to be riding on a bike that scares you no come on

01:26:07.020 man it if it if it can't scare me

01:26:11.340 the minute that a car or a bike doesn't scare me that's when i sell it that's what i'm like okay

01:26:16.620 we're done here this isn't fast enough my attitude is the complete opposite i want to have a good time

01:26:23.340 and i want to relax yeah i don't want stress no i love the adrenaline rush like that's my thing still

01:26:29.180 oh okay no for me that that that that's that for me that's just over i'm just not interested in that

01:26:35.900 when i was like when i was like in my 20s sure but now i'm just i don't want to take it easy i just

01:26:41.340 want to relax there's a picture of you here on that on an electric motorcycle and oh yeah yeah i i uh

01:26:47.740 they were test driving it it's actually right around my house okay and they were like uh letting

01:26:52.940 anybody like uh test ride it it was a lot of fun but it was like 14 000 euros and yeah and you can

01:26:58.380 buy it like motorcycle for peanuts yeah well the the thing is the scrambler i got right uh it was a deal

01:27:05.020 it was uh one year old it had less than a thousand miles on it it's a triple eight v-twin right it's um

01:27:12.940 v-twin uh 862 cc's okay yeah and um nice bike it's it's a great all-rounder okay that's the the beauty

01:27:23.660 of the of that of that bike it's it just does everything very very well you know can you ride

01:27:29.340 it year-round in amsterdam like do you get much snow in the wintertime sure well actually there hasn't

01:27:33.340 been any snow this winter here in amsterdam okay uh and uh and no i don't have it here i have it in

01:27:38.620 ukraine and the thing is i bought it for 8 500 uh and it had like i said it was a year old with less

01:27:46.540 than a thousand miles on the new one you know was thirteen thousand four thousand five hundred dollars

01:27:53.740 difference forty fifty percent almost fifty actually more than fifty percent more than what i actually paid

01:27:59.020 for it if and when i get around to selling it i put another couple of thousand miles on it as a

01:28:04.380 matter of fact i really hauled around on it if i were to sell it i could get at least eight thousand

01:28:10.780 dollars from it at least so basically i've had a motorcycle for about a year yeah bikes are great

01:28:18.620 transportation tools i recommend like oh no i don't have it for transportation i just do it for fooling

01:28:23.420 around right oh i used to use it for transportation i mean for me like i'd use it to get groceries and

01:28:27.260 everything when i was but i think every young man needs to own a motorcycle i think it's like a rite

01:28:31.500 of passage like owning a horse would have been for a boy to a man like 300 years ago yeah they're great

01:28:36.780 but the point see it's as an investment would it be nicer to have gotten the new one yes would have been

01:28:45.020 nice and nice enough to spend forty five hundred dollars more no and and here's the key issue the guy

01:28:51.980 who bought it before who bought it new and put a thousand less than a thousand miles on it he had

01:28:57.500 to eat those forty five hundred dollars yeah i agree when i sell the bike i'm gonna lose 500 bucks

01:29:05.980 big deal it cost me 500 to have a year-round on it and that's assuming that that's the low end of

01:29:11.660 the of the of the of the sale because the dealer cheap on insurance cheap on maintenance they're great

01:29:18.860 yeah and the thing is see the but this goes for everything a car a house whatever okay because a

01:29:27.660 lot of times you get suckered in to buying things that you do not need or you don't recognize the

01:29:34.940 depreciation of something is so high that it's not worth getting and that's the thing depreciation

01:29:41.820 pay attention to the depreciation of anything any asset that you buy a lot of times kids don't don't

01:29:47.340 pay attention because it's new it's shiny can i get a ferrari today yes would i get one no because

01:29:53.820 the second i drive it off a lot i'm going to lose 120 000 that would be crazy okay i am not with a

01:30:00.940 mclaren not with a ferrari well i'm not so wealthy that i can afford to throw away you know 120 000

01:30:08.460 yeah i don't think there are some cars that you can make some money on but they're pretty few and far

01:30:12.860 between and they usually offer those vehicles to lifelong customers of the brand like there are

01:30:18.380 ferraris that you can buy that you can drive off the lot and they're worth like 250 000 more than

01:30:23.180 what you paid for but you had to buy six other ferraris from the brand before they even offer to

01:30:28.380 offer it to you yeah but yeah um we're at the 90 minute mark man that was that was fun that was fun

01:30:34.700 i don't want to um go over because i like to keep these tight and i want to respect your time and

01:30:38.780 everything we went everywhere and some shit up you know we agreed on the stuff that we disagreed on but

01:30:42.540 that was uh i enjoyed that conversation man thanks for joining me oh it's my pleasure and one quick

01:30:49.100 note yeah the fact that people disagree with one another is actually good because when you disagree

01:30:54.940 with somebody you can check to see if you're right or wrong and and you can only often you can never

01:31:01.660 tell that you're wrong until you hear an opposing point of view and so this this notion that like oh it

01:31:07.420 was a bad conversation because we disagreed that's crazy you know you you from my point of view it's

01:31:13.500 always we had a great conversation because we disagreed correct you know that that's my thinking

01:31:19.340 about it at any rate correct yeah the pleasure thank you so much for having me on yeah thanks man uh

01:31:25.020 before you go give me like 30 seconds so i can pay the bills around here and just talk about the

01:31:28.700 channel sponsor of attacks with soap and i'll give you all the details on bpc afterwards if that's cool

01:31:33.180 sure um so let me just quickly throw it up here so guys uh a couple of channel sponsors that i need

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01:32:02.780 grab just check out the website i'm gonna do my finger like this right there and you'll get more

01:32:08.300 information so we'll uh

01:32:18.380 ha there we go i'll get this i'll get this all right guys thanks for watching we'll see you guys

01:32:24.140 the next broadcast um next one will be so the next one will be the one on the uh tattoo artist um he's

01:32:30.540 going to share some of his insights and experiences because um i'll watch that that'll be a fun one i

01:32:35.980 want to hear what he has to say so i want to thank you guys for watching uh stay tuned for the next one

01:32:39.580 make sure you leave a comment afterwards down below and um if you're watching this as a recording and you

01:32:43.900 want to get on the live stuff and you know join the membership to have a conversation make sure you

01:32:47.820 hit notifications so you get notified when it does go live all right gonzalo thanks for hopping on we'll

01:32:52.220 see you guys very soon

Playing to Win - March 02, 2022

008 - Gonzalo Lira - Coach Red Pill

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