00:08:35.160Homeownership for households under 35 has fallen 37%.
00:08:39.440Half of all renters in America, that's 22.6 million households,
00:08:44.940spend more than 30% of their income just on housing.
00:08:49.080That is also at a record, and it has broken that record three years running.
00:08:55.740Residential electricity up roughly a third since 2020, and it's going higher because we're building data centers faster than we are building the grid to feed them.
00:09:04.600And the transmission bill gets spread across everybody's meter, including yours, unless you put a stop to it in your own town and negotiate.
00:09:14.520So, first part of this, the young guy is right.
00:10:50.200The yardstick we use to measure of who's making it in this country
00:10:54.700is a 1955 grocery receipt times three.
00:11:00.100But everything that actually breaks a family now,
00:11:02.940the rent, the insurance, the childcare, the car payment, the deductible that was never in the
00:11:07.900number. That was a placeholder. She said so herself. It was the best anyone could do with
00:11:15.540what they had. And nobody went back and fixed it and said, wait a minute, we don't count it this
00:11:20.100way anymore. So when the charts say Americans have never had it better and you're standing in
00:11:26.140the grocery store doing your math in your head, some of that gap is not your imagination. It's
00:11:31.300the ruler that is wrong. However, some of it is your imagination. And we can't dodge that if we
00:11:40.720want to fix our country. Here's the part that we don't understand. We are now a nation of wants
00:11:47.300and not a nation of needs. That's not an insult. That's just a description. And it is the natural
00:11:55.000end of the most abundant 75 years any person ever to live in the history of the world has ever had.
00:12:04.000The trouble isn't wanting things. The trouble is when you can no longer tell the difference
00:12:10.900between want and need. I need a cell phone. I need an Apple cell phone. I need this subscription.
00:12:25.000No. A man who can't tell a want from a need can be sold anything, including his own freedom, by anyone promising him that want, I'll give it to you for free.
00:12:40.360And here's the whole thing that I thought of while I was on vacation. I'll just end this burrito thing because this was a nightmare. I'm like, what are we arguing over? Both sides are right on this. Can we not see that two truths can be held?
00:12:55.000if we don't learn the difference soon on purpose,
00:24:11.200I'll give you an answer, but the old man takes a walking stick that he's carrying, and he draws a
00:24:17.140circle in the dirt around the king of Syria. Now, remember, he's in Syria. He's got the army.
00:24:23.780The other guy has nothing but a tablet and a stick, and he draws this stick,
00:24:29.120draws a circle around the king, and he says, give me your answer before you step out of the circle.
00:24:34.020Well, there's a pause, and the king Assyria, with his army, the king Assyria is now standing in a circle, drawn by a guy who's unarmed, says, you have to do what I'm telling you to do because Rome is coming for you.
00:24:52.300Only then does Papelius shake his hand, okay?
00:24:55.600Now, the king decides, okay, we're out.
00:33:02.480We have Stephen Bartlett from Diary of a CEO.
00:33:05.200We have Joe Montana and Jerry Rice, Dan Martell, and Stephen A. Smith.
00:33:09.060And what we do here, which I think is very, very important, Glenn, is I loved what Charlie was doing with TPUSA, the great Charlie Kirk with TPUSA, the AmFest event, raising up young men coming up that want to become husbands, fathers, business owners.
00:33:23.140But to us with The Vault, it is the only conference you attend where we talk about finance, raising money, expanding your business, marketing, creating a media platform, social media.
00:33:34.520But we talk about raising kids and family.
00:40:00.540Why is that so important, in my opinion?
00:40:03.640I think if you take out the supreme leader, and Mochitaba Khamenei, who is the son, who is mother, father, wife, I think all of them are killed.
00:40:13.080If you're making a decision like that, that is only a decision to make for regime change.
00:40:17.900You're not doing it because you want to negotiate.