In this episode, we talk about the latest in the war on small business, the crisis in Ukraine, and the impact of central banking on the economy. We're joined by Carol Roth, a recovering investment banker and author, to talk all about it.
00:00:42.000They said there was no warning shots, but a journalist for the BBC said he did hear shots fired.
00:00:47.000The UK is now claiming those were just Russian drills off in the distance.
00:00:51.000Russia came back and said, if you come again, we will bomb you this time.
00:00:56.000And the UK's response is, we do not recognize your claims over Crimea, and we are absolutely going to be sending more warships along this route.
00:01:03.000So we'll see in this game of chicken who backs down first.
00:01:07.000But Russia has actually said that in conventional warfare, nuclear retaliation is on the table.
00:01:13.000And China has even said that they will join Russia in a counterattack just for US provocations.
00:01:20.000Now, maybe this is all just saber-rattling, because certainly things like this have happened before, but it does make me worried, considering the other news, where the chairman of the Joint Chiefs of Staff came out and was like, well, what's wrong with being woke, you know?
00:01:32.000White rage, I gotta understand it, it caused the riots on January 6th, and I'm like, oh, geez.
00:01:37.000Are we capable of defending ourselves?
00:01:38.000Because it's not just about international conflict.
00:01:40.000The fourth turning suggests we're in a crisis period and very well may be domestic crisis.
00:01:45.000It could very well be a Great Depression or some kind of civil conflict.
00:01:49.000And seeing all this news about BlackRock buying up homes, news stories popping up saying millennials shouldn't buy property, millennials who are already massively in debt with student loans, now they'll be in debt and they won't own anything.
00:02:00.000Yeah, it seems like we are headed towards a very, I don't know, dystopian future where the millennial generation and those younger will just be, I don't know, serfs in some kind of neo-feudalist system.
00:02:12.000So joining us to talk about the war on small business, we have recovering investment banker and author Carol Roth.
00:02:22.000I'm glad you used the recovering investment banker instead of former because it is sort of this 12-step program and I'm permanently stuck on step 11.
00:02:37.000Well, it is kind of creepy what we're seeing with the way the Fed works, especially when it comes to these houses and the BlackRock store that's been popping up.
00:02:44.000The Fed's basically just giving them money.
00:02:47.000It's no risk to them, yet regular working-class people and millennials have no way to outbid free money from one of these massive firms.
00:02:54.000Yeah, I mean, this is what happens when you have central planning and central banking gone awry.
00:03:00.000I mean, basically, the Fed has disrupted risk in the market.
00:03:05.000They have said, if you put your money at risk, you know, you get nothing.
00:03:09.000And so people have to take on riskier and riskier bets.
00:03:12.000And so you've got two different things going on here.
00:03:14.000You've got these big firms that have tons of capital that they need to deploy and earn a return on.
00:03:20.000For their investors, they're going out and they're trying to find investments and they can't find investments to get those yields.
00:03:27.000So now they're turning to the housing market.
00:03:30.000At the same time, you've got retirees and savers and Main Street who are just trying to earn a return on the small amount of money that they have also trying to chase yield.
00:03:42.000And basically they're saying, well, if you put it in the bank, We're just going to give you almost nothing for it.
00:03:46.000And then we're going to turn around and lend it to BlackRock so that they can go buy these houses.
00:03:51.000And it's basically free money for BlackRock.
00:03:53.000And it is a selling out of Main Street to Wall Street.
00:03:57.000This is all part of the biggest transfer of wealth in the history of the world.
00:04:02.000Throughout the pandemic and you wrote a book about it.
00:04:04.000So we'll definitely talk about that right on.
00:04:37.000Well, before we get started, head over to TimCast.com and become a member.
00:04:40.000We're going to have a bonus podcast episode coming up around 11 p.m.
00:04:44.000We do this, so there's a lot of things we can't say on YouTube, so we have to choose our battles.
00:04:48.000Instead of just saying, you know, we'll shut down the YouTube and we'll never speak again because we say one wrong thing, YouTube axes us, we are trying to build out TimCast.com to do more than just be a YouTube channel.
00:05:14.000We're actually now in the very preliminary stage of looking into lost confederate gold in the south.
00:05:21.000I got an email from someone and they were like, we believe we know where this lost confederate gold is hidden.
00:05:26.000But they've never had the resources, I guess, to actually... It's a protected area, so you can't dig, so they need very expensive equipment.
00:05:33.000And I was like, at the very least, we'll investigate the story of the lost confederate gold.
00:05:38.000This isn't going to be like Al Capone's tomb, is this?
00:05:49.000The goal for this kind of content that we're producing is not necessarily to be groundbreaking news and historical documentation, but literally to tell the story of what happened with this Confederate gold, why it went missing, why people think it's there.
00:06:01.000And then who knows, maybe we'll find it or something and then a museum will get it.
00:07:36.000And that meant Russia was going to lose its only warm water port in the Black Sea, which is Crimea.
00:07:41.000So they moved in and claimed the people of Crimea voted to join Russia.
00:07:46.000Well apparently the people of Ukraine don't believe that's the case and I know a lot of people in Ukraine and I know people who have family and friends in Crimea say it's also not the case they want to join Russia.
00:07:55.000There's not much you can do when you're being occupied by a military and they have no way to defend themselves.
00:07:59.000Well now you have the UK who doesn't recognize this running along the coastline and Russia is basically dropping bombs and firing warning shots and threatening we will bomb you if this is the case.
00:08:26.000Just before noon on Wednesday, a nation's territorial waters extend 12 nautical miles off from its coastline.
00:08:31.000Any foreign warship going past that limit would need permission of the country to do so, with a few exceptions.
00:08:38.000Prime Minister Boris Johnson and Defense Secretary Ben Wallace both backed the assertion we don't recognize the Russian annexation of Crimea.
00:08:46.000These are Ukrainian waters, and it was entirely right to use them to go from A to B. He denied that UK-Russian relations were at historic low, noting that I can remember times in my own lifetime when things have been far worse.
00:08:59.000The important point is that we don't recognize the Russian annexation of Crimea.
00:09:02.000This is part of sovereign Ukrainian territory.
00:09:06.000Mr. Johnson told reporters on Thursday during a visit to an army barracks in England.
00:09:12.000You know, who do you think's got the cojones to make that move?
00:09:16.000Speaking of the cojones, like, where did the UK get the cojones from?
00:09:20.000Like, the fact that they're like, of all the things that they have going on in the UK with Brexit and trying to sort out their economy, like, where are they, like, peacocking around?
00:09:31.000Like, how did they come to the table with this?
00:09:33.000Actually, that's kind of a sad thing to think about, because I did this thread on the Founding Fathers earlier, how I was like, the people who signed the Declaration of Independence knew that they were declaring one of the most powerful military the world had ever seen, and they thought they were gonna lose.
00:09:49.000Many did, and some say it was only because of French intervention that we actually were able to win.
00:09:53.000The French, of course, had an interest in defeating the British.
00:09:56.000It's funny that that narrative of the British being so powerful, and now it's like, Wow, where did Britain get the balls to go up against Russia?
00:10:07.000But seriously, what do they get out of this Ukrainian situation and why are they, I mean, they know they don't have a strong ally in the U.S.
00:10:15.000anymore in terms of being able to support, so why are they out there like, we're going to be going up against Russia, and Russia's like, we must break you.
00:10:25.000You know, it's interesting because the big narrative for a long time was that Ukraine, there's a natural gas monopoly through the Gazprom company, Russia, and it's running through Ukraine, so the U.S.
00:10:37.000wanted the Qatar Turkey pipeline to go up through Syria and Turkey and then into the
00:10:40.000you know into the EU to offset their monopoly and lower prices but Syria said no and then
00:10:46.000war breaks out and it's all chaos and conflict and then Joe Biden's like I'm gonna improve
00:10:50.000this was it Nord Stream 2 where they're building another pipeline and Biden's like we're gonna
00:10:54.000allow this so it's really confusing to me when you're trying to follow through this
00:10:58.000history and the news about why we're currently entering this level of conflict I mean obviously
00:11:03.000we are allies with the UK and this is a lot a lot about NATO but why allow Russia to build
00:11:10.000another pipeline through you know it's like just north of Europe along the along the coast
00:11:16.000Why allow that, but then taunt them and play these games and be upset about Ukraine?
00:11:22.000It seems Something's broken right now, you know?
00:11:24.000I think they're trying to frame it as if we did nothing wrong and we got attacked, so we're the ones that are just in the situation.
00:11:33.000But the truth is, it's moronic to poke the beast regardless.
00:11:41.000And I'm a money person, so I'm like trying to follow the pipeline and follow the money and going, OK, like who's benefiting where and where are the dollars flowing?
00:11:49.000Because at the end of the day, that on one side or the other, that's what this has got to be all about.
00:11:53.000Either it's about somebody getting money or someone trying to bleed more money out of the U.S.
00:11:57.000I think the interest in this, the story may just be saber-rattling.
00:12:02.000There have been, like, Russian flybys before.
00:12:04.000There have been, like, Russia, you know, their planes entering, like, U.S.
00:12:08.000Kim Jong-un got too much journalistic space for all of his little things, so they had to kind of step up and go, no, we're bad guys too, don't forget about us.
00:12:16.000But these things happen, and usually, like, we don't see much, so I'm wondering if it's People are interested in this simply because of the idea of like the fourth turning.
00:12:25.000I mean, I'll say this is one of the reasons I'm interested in seeing this news, because it sounds like the UK and Russia are playing a game of chicken.
00:12:31.000And of course, if that comes to blows, we're involved.
00:12:35.000There's a fear that we're in this crisis period where there's going to be a major war.
00:12:40.000China, of course, is saying, we'll work with Russia to counterattack.
00:12:45.000Was it Bannon who was talking about this?
00:12:46.000They were saying that, you know, Russia should not be aligned with China, but we've effectively forced that on them, especially when the Democratic Party has been repeatedly just bashing, Russia bashing nonstop.
00:12:56.000So Russia's, you know, pushed back saying, OK, fine, it's us against you.
00:13:24.000And so from a dollar standpoint, as well from a national standpoint, the split in terms of people who would be for and against that, you know, We don't need that right now.
00:13:34.000And certainly if you're savvy, if you're in Russia and you're in China, you're aware that we don't need that right now.
00:14:20.000And I think we need to be talking to our little friends in Britain and telling them to settle down a little bit.
00:14:25.000Because like you said, it's sort of moral hazard, right?
00:14:27.000They're the ones who are going to poke the beast, as you said, but they aren't the ones that are going to suffer most of the repercussions.
00:14:59.000It's a house of cards, and if there's a global war, that could set us back 10,000 years.
00:15:04.000Did you see what China was saying about COVID and lab leak?
00:15:07.000They were like, if you investigate the origins, we need to up production of nuclear weapons to send a shiver down the spines of the American elites.
00:15:18.000So you got, like, nuclear sable writing.
00:15:20.000Russia, apparently, they issued a statement saying that their official response to any war, including conventional warfare, like if some missiles go flying, they'll launch nukes.
00:15:41.000Yeah, but maybe the UK warship is just sailing by and then Russia's like, UK and that's all that really happens, you know?
00:15:48.000Yeah, I wonder if there's a crypto tie in here as we've kind of offline talked about, you know, China's role in crypto and digital currency.
00:15:56.000And obviously, they're trying to become the world's reserve currency.
00:16:00.000And what a better way to, you know, continue the The great work that the Federal Reserve has done in devaluing the dollar, then trying to bring us into another war that we need to print a bunch of money for that we can't afford, you know, not to like throw out random conspiracy theories here, but just again, trying to kind of connect things that potentially could happen.
00:16:24.000I mean, first of all, we probably don't even realize how much is connected to all of this.
00:16:29.000We might be looking over here at this, you know, UK, the HMS Defender, and we're like, wow, what a story.
00:16:35.000And we might not even know that an actual, you know, conflict with actual live fire happened somewhere else.
00:16:41.000Like the news that comes out, for instance, the Gulf of Tonkin incident, which brought us into Vietnam, we didn't actually know the full details for decades.
00:17:25.000The Daily Mail reports National Guard is preparing for a major cyber attack that would bring down utilities across the U.S.
00:17:32.000Troops tackle massive simulated breach during two-week training exercise after hack of Colonial Pipeline brought nation's fuel supply to its knees.
00:18:02.000So he gave a list of like, here are our most critical infrastructure things, here's off limits, here's what you can't attack.
00:18:09.000So implicitly, he's saying, like, it's okay if you attack other things, just don't attack this.
00:18:14.000And then also, he's basically saying, here are our most important things.
00:18:18.000So if you are a bad, nefarious guy, here are the things that you want to, I mean, just the strategy behind that, like, who Who's advising on that?
00:18:26.000Because we know it's probably not coming from Joe Biden, right?
00:18:30.000So who's the genius who came up with the list of the infrastructure?
00:18:50.000No, but I think the simple solution, one that makes the least amount of assumptions, Joe Biden was like, oh, Russia better not attack the things we actually need.
00:20:47.000So the fact that all sort of elements of the story all revolved around things that the government You know, doesn't really have on their agenda is sort of an interesting thing for me as well.
00:21:00.000There are gas stations out of gas in Colorado this past week or so.
00:21:04.000So there's a there's an interesting story behind part of the disruption.
00:21:08.000And that's with the government's deciding winners and losers and sort of interfering in the economy.
00:21:15.000There are not enough drivers able to drive the tanker trucks.
00:21:19.000And so it's now taking an extra couple of days to get the gas to the gas stations.
00:21:25.000And the people who used to be the tanker truck drivers, you know, they went to work for Amazon or they found other jobs or they're staying home or whatnot.
00:21:32.000You can't just pull a random person off the street and say, go drive a tanker truck.
00:22:19.000It may be in their particular area or their particular company as well.
00:22:22.000You mentioned in the previous segment how there's like maybe a tie-in with China's move against crypto and stuff.
00:22:27.000And we have talked about all of the moves made during the pandemic and its potential relationship to a coming war.
00:22:34.000So a few things I've said is not to imply a conspiracy.
00:22:36.000I'm not saying that I'm saying how fortuitous for the United States based on what happened.
00:22:40.000So you have decentralization for major cities.
00:22:43.000If a city gets nuked, well, half a million people leave New York and many of these people are leaders in industry or high-ranking individuals in certain companies.
00:22:50.000And they're working from home in different areas.
00:22:52.000So now it's harder to take out our economy because you can't just go after one city.
00:23:45.000Now you look at what's happening with, you know, Crimea and the UK, you look at China and Taiwan sending 28 planes in the Taiwanese defense zone, and I'm like, is it possible?
00:23:55.000That the things we're seeing with like gas not being at gas stations, critical infrastructure being attacked and just these international conflicts that we are dangerously close to a real conflict and both the US as well as Russia, China are shoring up their defenses, stockpiling, preparing or something like that.
00:24:14.000I mean, I never take anything off the table.
00:24:18.000I think that there's some other central planning issues that are going on here, which we'll definitely get into.
00:24:25.000But I wouldn't take that off the table.
00:24:28.000I mean, based on history and based on what we know about truthfulness coming out of government, central planning, and like you said, the sort of media or the corporate press complicity in terms of all of this, I wouldn't take it off the table.
00:24:41.000I think when you talk about central planning, it makes me think of the Swiss bank, Bank of International Settlements, we mentioned earlier a little bit, that is like a global central financial authority that is trying, like using, you know, these Lockheed Martin and these big arms dealers to like play chess with all these countries.
00:24:59.000And they're using our military as pawns against each other.
00:25:03.000I mean, I tend to be a little bit more domestic focused, and we certainly have, at least today, most of the wealth in the world.
00:25:13.000And I kind of feel like the central planners in our country, like most central planners, think that they know better than they actually do.
00:25:21.000I don't know that I buy the global conspiracy because I feel like if you have that central power, like, why are you sharing it with these other guys over there?
00:25:31.000I mean, we know that cartelization never works.
00:25:35.000And so I feel like Like, we're probably the leaders of that.
00:25:40.000So if there's something that's going on, it's probably starting with us, because, I mean, we've got the financial center, we've got the wealth, we've got the innovation.
00:25:48.000So the idea that there's some other puppet master in Switzerland, not to say that they're not doing things in Europe with the ECB and whatnot, but that they're actually controlling the U.S.
00:25:58.000narrative, unless they're just smarter than our central planners, which is, I mean, I'm not a big fan of, you know, the big bank conspiracies or anything like that.
00:26:34.000The founding of the Fed, that the idea that it was decentralized, this cloak of decentralization, which I source back, if you want to read like deep dive on this, it's a book called The Case Against the Fed by Dr. Maria Rothbard, who's a now deceased economist, who's great.
00:26:49.000But like the way that they founded the Fed was completely to have This kind of bait and switch feel on the American public.
00:28:04.000Yeah, I mean, they warned against this and they had tried to do these central banking structures before landing on the Fed and national banking structures and they had all failed.
00:28:13.000And so this was kind of like, OK, let's let's rejigger it.
00:28:16.000And the funny part was that the National Bank that they had put in place that was put in place by these bankers like the the Morgans and these kind of financiers.
00:28:25.000they felt like they didn't have enough control, even though they were the ones who had structured
00:28:30.000it. And so that's why they came up with this concept of what the Fed is today. And by the way,
00:28:35.000so it started out with sort of these nefarious intentions and has gone completely off the rail
00:28:40.000since then. Are you familiar with the Great Reset? So I'm like kind of macro level, like I haven't
00:28:47.000dug into each of it, but certainly on a macro level.
00:28:50.000You just have this World Economic Forum thing about how there's going to be a global reset of capitalism for stakeholder capitalism, and it's very woke.
00:28:58.000And we start seeing these things happen in the United States with small businesses.
00:29:02.000A lot of what I think you cover, that's why I ask, because a lot of people have suggested that the moves the government was making, whether intentional or not, greatly benefited this idea of a great reset.
00:29:12.000So yeah, you wrote a book about the war on small businesses.
00:29:16.000Tell me what the government did and what happened to these small businesses throughout the past year.
00:29:22.000So this is the most underreported, infuriating story of the last 12 to 15 months.
00:29:30.000And really, if you want to talk about it going back decades, but really in the last 12 to 15 months, you had a government deciding Who was essential and who was not essential?
00:29:41.000Who was going to thrive and who was going to fight to survive?
00:29:49.000This was based on political clout and connections.
00:29:54.000And what that did, and we talked a little bit about it, is it enabled the greatest wealth transfer that we've ever seen in history and the greatest power transfer.
00:30:03.000You had seven technology companies in 2020 that gained collectively $3.4 trillion in value in seven companies.
00:30:14.000At the same time that you had Main Street businesses, by June of 2020, Hamilton Project said 400,000 of them had closed permanently.
00:30:24.000Oh, and by the way, it was a record year for initial public offerings.
00:30:28.000It was a record year for SPACs, which are Special Purpose Acquisition Companies, which are highly speculative investment vehicles that only pop up in very frothy environments where people are trying to chase yields.
00:30:40.000And, you know, again, there's this just giant disconnect.
00:30:45.000Savers and retirees, you know, all getting thrown under the bus.
00:30:51.000Nobody wants to talk about this battle that's going on.
00:30:55.000And that has been sort of laid out for us over the last couple of decades as we've moved away from capitalism to more more towards central planning.
00:31:05.000And then the worst part about the whole thing is that capitalism is the one that's getting blamed for it, even though it was done by government mandates.
00:31:13.000And so that's why, as I was approached to kind of do an economic debrief on what was happening during the pandemic, that the small business story just had that line.
00:32:11.000This idea that the reason companies are struggling to find people to work for them is that they're not paying well enough.
00:32:17.000But we also know that the CDC just extended the eviction moratorium, which is, in essence, free money for a lot of people.
00:32:24.000There's also the extended unemployment benefits, which is literally free money for a lot of people.
00:32:27.000Not that I'm suggesting these people don't need that money, but it certainly creates an economic pressure where people are less inclined to work or go seek out work.
00:32:37.000And so Biden is making the accusation that it's the small businesses' fault, or companies in general, for not paying more.
00:32:45.000I mean, so so basically, so this is this is all part of the plan.
00:32:49.000And I'll just ask you to keep this in the back of your mind as we talk about this.
00:32:53.000Like if you were trying to kill small businesses, if you were trying to only have a handful of big businesses and you were trying to get people more dependent on the government through UBI, those kinds of things, would you do anything different than what played out the last 12 to 15 months without being just 100 percent obvious?
00:33:13.000So, yeah, I mean, you have the government now in competition with the businesses for employees.
00:33:20.000And I'm all for paying employees as much as possible.
00:33:23.000I think it's a good business practice.
00:33:25.000I think that you retain better employees and more loyal.
00:33:29.000But you don't want to legislate that because then you've got 16 year olds who are holding up a sign that says come see the sandwich shop.
00:33:37.000We're getting paid $30 an hour when you could just stick that in the side of the road.
00:33:43.000So the fact that we have 9.3 million jobs that we can't fill is because central planners didn't want you to be able to fill them and they wanted
00:33:55.000people to be conditioned to depend on the government. But we know that the only people who've ever
00:34:01.000gotten wealthy being on the government dole are politicians. Nobody ever gets wealthy on that on the
00:34:06.000government dole. It feels to me like this is all part of the same exact problem. I'll call it a
00:34:13.000So you had the government shuts down in a variety of fashions, different governments, different jurisdictions, shut down small business, Walmart, Target, big box stores, Amazon, they're all open.
00:34:24.000So it wasn't necessarily, it was, there were seven tech companies, so you know, Google, Amazon, Tesla, Facebook, whatever it was, $3.4 trillion in value.
00:35:27.000And there's no surprise that, you know, prior to this, you had seen Amazon and some of the other big companies start pushing for a higher mandated minimum wage.
00:35:39.000And the reason why they started pushing for a higher minimum wage because they know it's anti-competitive and they know it would drive some of the smaller players out of business.
00:35:47.000And so basically that's what's happening on a de facto basis here is they're trying to end around instead of legislating it.
00:35:55.000They're trying to do it by we're going to interfere in the market.
00:35:58.000We're going to make it really difficult for people to want to go back to work.
00:36:01.000We're going to compensate them for staying home.
00:36:04.000And then we're going to force these businesses.
00:36:08.000They were shut down by government mandate.
00:36:10.000They were not appropriately compensated for giving up their property for the public good under eminent domain concepts under the Constitution.
00:36:20.000You've hung on this whole time and you can't find anybody to work.
00:36:25.000And by the way, it's not even just low wages.
00:36:27.000I've talked to small businesses all over this country.
00:36:30.000They're paying higher wages as they're offering bonuses.
00:36:33.000Many of them can't even get people to apply.
00:36:36.000So it's not even just like, oh, well, you need to raise the wage a couple dollars because they've done that and they still can't get people back.
00:36:43.000Some have argued that the problem here is fulfillment.
00:36:48.000You know, with last year, people being given the opportunity not to, say, flip burgers, which I don't think there's any lack of dignity in being a burger flipper.
00:37:08.000So I do think there are a lot of people who had the opportunity for once to pause and reflect and actually make some decisions, which I think is if there's any silver lining, maybe that's one of them.
00:37:20.000But if that were the case, we wouldn't have 9.3 million jobs unfilled.
00:37:25.000You would have the ones at the higher levels getting filled and then these other ones.
00:38:03.000And when you're computing the average, obviously, that brings the average down.
00:38:06.000So even if you look at the low end, those have gone up enormously.
00:38:10.000But if you look at it as just one giant pie, it looks like, oh, well, wages haven't moved at all.
00:38:15.000Another component, too, is these are the jobs we can see when we see Burger King putting up a sign saying $500 sign-on bonus or $1,000.
00:38:23.000What people don't realize is that sourcing raw materials and even manufacturing jobs, a lot of these companies that you don't know even exist are struggling to find people.
00:38:35.000And then the inflation pieces you had led in with, so that you have the problem with not being able to find people, which is making it more costly, but then trying to get the raw materials and everything kind of running through the supply chain, and then obviously just having just an enormous amount of money supply out there, all of these things driving up prices.
00:38:54.000So again, if you're the small business, you can't find somebody to work and you've hung on to survive.
00:38:59.000You also, if you're trying to buy chicken because you make chicken wings, we saw, you know, was it Buffalo Wild Wings is now doing like the thighs because they can't get the wings anymore.
00:40:08.000I think of all of the things that can be taken away because of government failures that impact small businesses, they really have to be careful because if they start affecting... Bacon supply.
00:41:26.000And if you have to understand sort of the thought process behind this, that if you are the government and you're trying to usurp power, which they have done in terms of how much they're spending laws, you know, purview, everything else.
00:41:40.000If you're trying to deal with people, you're trying to get reelected, you're trying to get campaign funds, you're trying to push legislation through whatever it is.
00:42:08.000Yet they closed small business by mandate and they got crumbs because not only are they too small to matter, but they are too hard to control.
00:42:23.000You cannot go through this and think it's not intentional.
00:42:27.000And by the way, even if you don't, the outcome is still just as bad, but this is intentional.
00:42:32.000Is the intent to just steal wealth from middle class and working class people?
00:42:37.000It's to consolidate power by any means.
00:42:40.000What happens to those people, it doesn't matter because they're not in the club.
00:42:45.000If you're not in the club, you don't matter.
00:42:47.000You're just like, you're just pawns in the game.
00:42:51.000And so they have seen that we have allowed them to consolidate more and more power.
00:42:57.000I mean, you have small businesses and there are a couple of examples of small business owners, Attila's Gym, Shelly Luther and her Salon a la Mode that I talk about in the book, who said, no, you're not you're not going to take my property.
00:43:09.000This is you're infringing on my property rights and you haven't compensated me for it.
00:43:12.000But a lot of people said, well, OK, There was something that happened to me that you briefly mentioned hearing about before the show.
00:43:20.000It's that I got denied a loan for a home.
00:43:23.000And that was shocking to me because, look, I'm not trying to be like a braggart.
00:43:28.000We have a successful company here, and I wanted to get a small house.
00:44:53.000You may not sort of have the ability to do that, but you invest in the stock market and you participate in the equity increases of other businesses.
00:45:01.000Maybe you work for a private company and you're able to get stock options, so you get to own a piece of the business that you're working for.
00:45:13.000And so limiting those opportunities by government interference in the free market leads to less wealth for everyone.
00:45:22.000And that's the frustrating part for me.
00:45:23.000You know, my background, we talked about being a recovering investment banker, but I'm the first person in my immediate family who graduated from college.
00:45:40.000And so he came out of there and worked really hard and saved up a bunch of money and then sent me to school and couldn't afford it.
00:45:46.000So then I had to pay down my college loans and so on and so forth.
00:45:49.000But I've gotten to the point where I am today Which nobody could believe because of this American dream, because of the system of capitalism.
00:45:58.000And I've watched it over the course of my career from whether it's interference in the stock market.
00:46:04.000And you're seeing this in the ape community and the retail investors who are trying to fight back against, you know, the the the tilted playing field in the stock market.
00:46:13.000You're seeing this in small business versus big business.
00:46:16.000You're seeing us move away from capitalism.
00:46:43.000And then we think about the buying up of all these properties and how it will result in a generation, probably not millennials, maybe not necessarily Gen Z, but certainly Gen Alpha, is going to be a generation of renters.
00:46:55.000What happens when there's an economic crash?
00:46:58.000And not a single individual, or I should say for the most part, 90% don't own the property and can't pay their rent.
00:47:04.000And then you get a massive government intervention to a big firm saying, we're going to bail you out in exchange for partial ownership.
00:47:10.000And now the government becomes one of the largest stakeholders in owning all of the buildings that people live in.
00:47:17.000It may not be communism, but you're certainly walking very close to the government owning where you live.
00:47:22.000Well, or potentially that you have, you know, all of these dollars coming in from China, which we've seen happen as well.
00:47:30.000And you have people who Chinese, you know, Chinese people, not American Chinese people, but actual communist Chinese who are buying up properties as well.
00:47:39.000It's another possible way to, you know, infiltrate and take over the country by taking over the wealth creation opportunities.
00:47:48.000Yeah, so I have some articles I want to show you real quick.
00:48:05.000Millennials who snapped up homes in the hot real estate market revealed their biggest regrets, from unexpected costs to high mortgage payments.
00:48:24.000May report from the National Association of Home Builders said that government regulation adds $94,000 to the average price of a new home built.
00:48:37.000Then go take a look at property taxes and how much those continue to increase every year.
00:48:42.000So just the government itself is adding more and more cost to homeownership.
00:48:47.000And if you go back to the market dynamics of supply and demand, how many times do people want to build more housing and they're not able to because of zoning laws or NIMBY or, you know, whatever it is.
00:49:00.000And so we have this constricted supply of housing as well.
00:49:06.000And so you've got all of these ways that the government is interfering in the market between the Fed, between the government inflation, between the laws.
00:49:14.000Well, it's these media outlets seem to be trying to discourage people from owning homes as well, right?
00:49:19.000So already you have it very difficult for millennials to compete with massive firms.
00:49:24.000Now they're being persuaded by the media, don't buy a house.
00:50:51.000It's these articles where they're like, homeownership is bad.
00:50:54.000People don't want it is the most blatant manipulation I've seen in the last two years from corporate media about what we're talking about the Great Reset.
00:51:02.000And it's sad that more people don't know that this is manipulation, that this is that this is marketing and that it's I mean, they could just say, maybe buy a smaller house.
00:51:12.000I mean, part of the issue is, right, is that we've kind of gone to this McMansion kind of thing.
00:51:18.000If you think about the square footage of the houses that people grew up in back in the day, well, I'm older than you, but back Back in my day when I walked to school uphill both ways, you know, the houses were much smaller.
00:51:30.000And so we've kind of gone to this place where there's bigger, but there's all different kinds of options.
00:51:36.000And so maybe it's yeah, maybe you don't need the bigger house, but still.
00:52:58.000The government's your number one risk.
00:52:59.000And it's so interesting, the parallel between what happened with big and small businesses, with the CARES relief, And what you're talking about with the housing market, because what happened, and we've seen it in previous bailouts, all this money goes to big companies.
00:53:15.000The CARES Act was primarily trillions of dollars to cronies who, by the way, didn't have to do anything to get it.
00:54:22.000This this is what's happening retail versus the market.
00:54:25.000This this is decentralization versus centralization.
00:54:28.000And then it comes back to crypto, you know, why there's this move against it, why many, many poor people are convinced to get away from it, why the articles say China's cracking down, dodge this, don't go near it.
00:55:16.000But, you know, they don't want to give up that power.
00:55:20.000They don't want somebody else to have that power and be in the in-club.
00:55:24.000They're going to do everything they can to fight it, which is exactly why people are fighting back against it, which I think is great and I think needs to happen.
00:55:32.000But that's where this is going to come down to.
00:55:35.000And so that's what we need to be watching.
00:55:39.000The war on small businesses, the telling people to buy houses and take away their property.
00:55:43.000What's the future you see if this trend continues?
00:55:46.000So what's going to end up happening is that you have small businesses, you're going to have economic freedoms taken away and you're going to have them taken away.
00:56:21.000And you're going to end up with some form of a pseudo centrally planned hybrid economy where maybe, you know, Amazon and, you know, 50 other companies get to do their thing and everything else is the government.
00:57:10.000So what happens is You get every, what is it, every generation or multiple generations, you get some crackpot despot saying, I should control everything because I'm smarter than all them.
00:57:22.000And then they realize calculating the economic requirements of billions of people cannot be done by a single mind or a committee or a council or a small firm.
00:58:00.000People decided to have a run on toilet paper.
00:58:02.000I don't know why that was the, like, one thing if there's gonna be a pandemic that you're worried about, but people cared about their behinds.
00:58:09.000Wasn't a big deal to me, but I'm always ahead of the curve.
00:58:12.000So, you know, Marco Rubio goes out and he writes an op-ed and, like, one of the papers, like, oh, well, we really need to be on top of the supply chain.
00:58:49.000But there is never going to be a committee of people who have your best interest at heart.
00:58:54.000I mean, that's the part that's that's the worst.
00:58:56.000People seem to think that there are these people sitting in Washington who want them to succeed and that they're going to do what's right for them over their own best interest.
00:59:16.000It's back to Milton Friedman, you know, where are you going to find these angels to organize the economy for us?
00:59:22.000And this is the part where it's like both frustrating and exciting because like I look at the people who like were the former Bernie bros and progressives and sort of the independents where I sit and even some of the conservatives And a lot of us are circling around the same ideas, guys.
00:59:42.000We just haven't quite gotten there on the solution.
00:59:45.000And so I hope that people who may think the government is the right answer takes a look at what the government's been involved in, how many laws we have, how much money they're spending, what their outcomes have been.
01:00:00.000And go, oh, my God, we've got Frankenstein.
01:00:03.000And let's look at the other opportunity.
01:00:06.000Is there a way, even if you don't if you think the government somehow needs to be involved, is there a way to bring more transparency and more free choice to everything we do and keep the government out of the way?
01:00:27.000And it's something that I think it was Steve Jobs who said, how do they know they want it if they've never seen it?
01:00:33.000So you have to, you know, explore and make things.
01:00:36.000But to this point, when it came to toilet paper and the gasoline thing that happened just this past month or so with the shortage in local shortages, It was the media.
01:00:46.000You know, the media started telling people toilet paper was vanishing, so people got up and ran to the toilet paper.
01:00:50.000Don't, whatever you do, don't buy toilet paper.
01:02:13.000So you want to like create, you know, positive Yeah, I mean, this is what improv is based off of.
01:02:18.000But fun fact, me, I actually studied with Second City.
01:02:21.000And so I've got a little bit of improv background.
01:02:24.000And so one of the things they teach you in improv is this technique called Yes And.
01:02:28.000It's like the, you know, kind of ground floor, where is when somebody says something, instead of like saying no, and like going in direction, You say yes, and and then you go and you use that to build a bridge to something.
01:02:39.000And so it's acknowledging like, yeah, I hear what you have to say.
01:02:43.000And like, let's bring this into the discussion, too.
01:02:45.000It's just it's the same thing, but it's communicated in a way that's more inclusive and makes people feel like like you're taking and listening to them, which, by the way, at the end of the day, a lot of that's what a lot of this is about.
01:02:59.000I want to jump to the story and give a shout out to Mr. Glenn Greenwald.
01:03:02.000We have this story from, well, we just have a lot of Daily Mail today.
01:03:06.000Firebrand journalist Glenn Greenwald slams MSNBC and CNN for dangerous failure to investigate issues and praises Fox as the only news outlet presenting an opposite opinion.
01:03:18.000It's crazy that we're in this era, because I grew up with Fox News being the bad ones.
01:03:22.000That was weird and ideologically homogenous.
01:03:31.000Fox, you know, Tucker Carlson, he brings on Antifa.
01:03:34.000And the funny thing is, so I know these activists, these old hackers, they posted a photo today of themselves with Glenn Greenwald, and they were like, just disparaging their young selves, saying, it's not our fault, we didn't change.
01:03:46.000And I'm like, yo, like, These people used to be fans of Glenn Greenwald, fans of WikiLeaks.
01:03:51.000Now they're actively defending the FBI and MSNBC and CNN.
01:03:55.000Like, how does this happen, this shift?
01:03:57.000So I'll tell you what happened is people have abandoned, and I don't know, maybe it never existed, but it's really gone, I think, with social media and the other direction.
01:04:05.000They've abandoned the concept of principles.
01:04:07.000Everything is party, it's politics, it's people.
01:04:14.000You know, either this is my sports team or it's my religion or whatever it is.
01:04:19.000And like, no matter what it is, if it's coming from my arena, I'm going to agree it's good.
01:04:24.000And I'm not saying that, you know, I don't have a set of principles that I'm judging things against.
01:04:29.000And so, I mean, you see this all the time.
01:04:31.000They do the man on the street segments where you tell somebody a statement and you put a different name attached and all of a sudden they don't agree with the statement anymore.
01:04:41.000People you don't like can say things that are interesting and make sense, and people you do like can say things that you don't agree with or you think that are completely insane.
01:04:52.000The easiest content, you'll see it from Jimmy Kimmel, he goes outside and says something like, you know, Donald Trump said this, and then he'll get dumb people to say dumb things and then go, haha, look how dumb Trump supporters are.
01:05:03.000But then you'll see the same thing for people on the right, where they'll go out and say things like, you know, Barack Obama said X, and they'll cheer for it, aha, that was Donald Trump!
01:05:10.000Or you get a lot of people who will be like, look how dumb these liberals are and things like that.
01:05:14.000I do think the tendency tends to be on the left, however, and in the mainstream press.
01:05:18.000I think for whatever reason right now, you'll find on the right with Trump supporters, with conservatives, Republicans, there's typically more honesty and more attempt at good faith conversation.
01:05:28.000For example, you know, Steven Crowder trying to have a conversation with Ethan Klein.
01:05:32.000And Ethan Klein's response, as we see with the mainstream on the left, was to make it a spectacle, to turn it into a bad-faith troll.
01:05:39.000And then Forbes and Daily Beast and Newsweek all laugh and hoot and yell, aha, we got you, Crowder.
01:05:45.000Crowder was trying to have a good-faith conversation.
01:05:47.000So I don't know what it is, because it felt like when I was growing up, the left was trying to be good-faith, but maybe that was just me being in the Matrix.
01:05:59.000Like, I mean, I completely fell completely tushy backwards into this when Mitt Romney ran for president because they needed somebody to explain the auto bailouts and all those kinds of things and private equity.
01:06:19.000I wanted to give away, I still want to be a game show host,
01:06:22.000but somehow I got like dragged into this.
01:06:24.000And so like, you know, I didn't, you know, I would just basically, whatever my parents said,
01:06:28.000like, yeah, okay, but they weren't really even, they didn't really follow any of this stuff.
01:06:31.000And then you kind of get in the middle of it and you're like, what the heck is going on?
01:06:35.000But the craziest part about all of this is just the guilt by association and the cancel culture.
01:06:41.000Whether you do it yourself or whether it's, you know, you've got somebody on the back of your book that some corporation doesn't like and now they're not buying your books anymore a couple of days before book launch.
01:07:28.000Well, one outside PR consultant looked at the six different names on the back of the book that represent All different viewpoints because that's the great thing about small business.
01:07:39.000It brings people together and they didn't like one of the names and they thought that that tainted me and blew up the entire thing and I'm like how is it the fact that I'm building bridges and bringing together different viewpoints a bad thing?
01:07:57.000You would think that's exactly what we need at this point in time about a topic that again like I I don't even need to talk about it.
01:08:52.000And also, if this book doesn't do well, nobody's going to do anything about small business in the media again, because I don't know if you guys know this, probably not, because This is my domain.
01:09:02.000But like, anyway, so this is the entry.
01:09:05.000So this is the entry for people to say we care about small business.
01:09:10.000And, you know, they're trying to take that away.
01:09:12.000Well, let's think about that for a second.
01:09:37.000I'm hoping that I can find a different way.
01:09:40.000Let me tell you a story about my last book, because I think this will give you a little sense of who I am.
01:09:45.000So when I wrote my last book, The Entrepreneur Equation, my publisher at the time had the idea of putting a picture of me on the book cover.
01:09:53.000And if you've seen the book cover, it's me in pink heels in front of a chalkboard doing a little, like, sexy teacher kind of thing.
01:10:01.000And back in the day, there were actually bookstores.
01:10:04.000And one of the big bookstores, one of the buyers told my publisher, you know, she's a little too attractive to be taken seriously as a business author.
01:10:15.000So we kind of think you should either pull her off the cover of the book or, you know, maybe like ugly her up a little bit.
01:10:22.000And so they came back to me with this feedback and they said, you know, by the way, my last publisher was very, very collaborative.
01:10:34.000I said, well, not only am I going to do this, but I'm going to do the biggest blank blank to them of all time.
01:10:41.000And for those of you who know, I have my own fashion doll slash action figure that was made as a premium to match what I look like on the book cover.
01:10:50.000And so for every book that was sent out, the action figure was sent with it.
01:10:54.000And I just kind of doubled down on that and said that was the thing.
01:10:59.000But again, I have the ability to do that.
01:11:03.000When somebody does care about like that book sale is going to put food on the table, they don't have the flexibility to make the same choices that I do.
01:11:13.000And so I'm cognizant, which is why I care about these topics, because not everybody can do that.
01:12:20.000Yeah, it's... No, literally, because I had one person they didn't like on the book, which is, like, hilarious, because, like, I'm an independent Jewish woman.
01:13:33.000Huge line, hundreds of people waiting.
01:13:35.000And I'm like, this is kind of screwed up.
01:13:38.000Because they don't fear the regular person who can't do anything about their circumstances, but they're worried I could tweet and cause them problems.
01:13:45.000I don't like tweeting at companies, but sometimes it's the only way to get them to react.
01:13:49.000So tying it back into what happened with COVID and small business and PPP, this is exactly where the structure of PPP failed so badly, is that they put these parameters where you could have millions and millions of dollars in assets And revenue and you could still go in and apply for these PPP loans.
01:14:12.000So if you're a bank and you've got like the guy who's got millions of dollars and you've been doing business with them and then you've got like this pizza shop that's like struggling to make it, like whose loan are you going to fulfill first?
01:14:23.000Of course you're going to fulfill your good customer.
01:14:26.000It should have never been put in that position in the first place.
01:14:29.000And so that goes back to a flaw in the structure.
01:14:33.000To fault the person who has the loyal relationship whose business is also going to depend on it.
01:14:39.000But why was it structured that way to begin with?
01:14:41.000And I think those are the questions we need to continue to ask.
01:14:43.000We need smart contracts to dole out these things.
01:14:46.000Like this is part of the great thing about cryptocurrency is there's no middleman to decide where what's going to happen or where it's going to go.
01:15:05.000Once these moms see what happens to their kids, what these schools are teaching on August 15th, it's gonna be crazy.
01:15:12.000And that was a really, really good point.
01:15:13.000I'm also confident because of the things we're doing over at TimCast.com and the tremendous support we have from all of you who are members.
01:15:24.000We're trying really hard to move away from YouTube because that was putting all our eggs in one basket and it's very, very dangerous.
01:15:29.000We're trying to build something substantive.
01:15:31.000And so I'm confident that not only are we going to succeed with the support of our paying members, we're finding new ways to generate revenue, new ways to support Real News and Fact Check.
01:15:44.000And there's another thing that makes me really optimistic is seeing stories like this one.
01:15:48.000Brian Stelter's revised anti-Trump diatribe hoax tanks with less than 2,000 copies sold in its first week despite massive book tour and launch party as ratings for his CNN show dropped to its lowest of the year.
01:16:03.000Seeing this happen, he sold 1,738 copies in his first week.
01:16:19.000And again, I don't like to pick on people's livelihoods, but I do feel like based on everything I've seen, there are a lot of people who watch the show that most of the commentary isn't, oh, I am enjoying this thing.
01:16:35.000It seems like that's the big part of his audience, which I think is hard to translate.
01:16:38.000The same time, I'm not going to make fun of that number of book sales because, you know, I've got a book that's coming out, I've got big corporate media who doesn't want to cover it, I've got big corporations who are canceling me, so I might do worse than Brian Stelter!
01:18:11.000But that's what I'm saying is that so you so so support the things that you believe in and support these small companies and support small business and support small business advocacy.
01:19:13.000You go on Amazon, and you'll see the top charts, and it's a bunch of anti-establishment thinkers, it's people challenging conventional wisdom with interesting ideas, and they don't all agree with each other, but it's a way to break through.
01:19:25.000When the establishment, the mainstream, when CNN, when they don't give the time of day, when Brian Seltzer comes on TV and says, don't watch the spin, come to us, when, who was it, Tapper, who said, you can't read WikiLeaks emails, only we, it's illegal, only we can read it.
01:19:38.000You can now find the honest and dissenting voices because Amazon has to put them in the ranking same as everybody else.
01:19:46.000Granted, they do ban books, which is another scary component of this.
01:19:49.000But so long as we have that opportunity, if everybody buys your book, we can get this top 10 list, which is going to include a bunch of people of varying political ideologies.
01:19:58.000And what will happen is a regular person will be browsing Amazon.
01:20:13.000So this is a good capitalism debate because I had been directing people to bookshop.org because I don't know if you're familiar with bookshop.org, but what it does is it fulfills books from local small business booksellers.
01:20:27.000So you get to not only support small business advocacy in terms of the book that you're buying and learning these concepts and spreading the concepts, but you actually get to put a couple dollars towards the small business.
01:20:37.000But it's an interesting point because at the same time, if it doesn't chart well on Amazon, then the people outside the ones who are buying it here also don't get.
01:22:10.000He was previously zinged on the lagging sales by Fox News host Sean Hannity, who called the book a disaster and an epic fail.
01:22:16.000So yes, like you said, people watch these shows because they hate Trump or they hate the right, not because they like Acosta's reporting, not because they like Brian Stelter.
01:22:26.000So when the name pops up that says Stelter, they say, I don't care.
01:22:30.000If the book was, Why Trump is Bad by Guy Who Hates Trump, they might actually buy that book.
01:22:35.000Yeah, well, my only, again, my issue on principle and not personage is that he's got a show called Reliable Sources that does not have reliable sources.
01:22:44.000And so if you run a show that's not named correctly and your book is called Hoaxed, I don't really know what I'm getting inside the book.
01:23:16.000They say, following intense backlash after he praised Andy Ngo's book, he apologized for endorsing the book.
01:23:22.000Over the past few days, I have come to better understand the pain caused by the book I endorsed.
01:23:26.000I have offended not only a lot of people I don't know, but also those closest to me, including my bandmates, and for that I am truly sorry.
01:23:32.000As a result of my actions, I am taking time away from the band to examine my blind spots.
01:23:35.000For now, please know that I realize how my endorsements have the potential to be viewed as approvals of hateful, divisive behavior.
01:23:43.000The apology tweet, which was put out in March, has now been deleted.
01:23:46.000On Thursday, he wrote a Medium post explaining his decision to leave the band, saying that he wants to be free to speak his mind.
01:23:53.000He mentioned that it wasn't just the endorsement that was the problem.
01:23:57.000He goes on to mention that actually apologizing was the next sin that caused the mob to come after him.
01:24:03.000So I find this to be actually an interesting story because it shows that when you're confronted with an angry mob, there's nothing you can do.
01:25:24.000Well so shout out an apology to the atmosphere.
01:25:26.000When when this Bumford and Sons guy says you know hey Andy great book you're very brave.
01:25:31.000All of these people get mad saying you're supporting the far right.
01:25:34.000So they are personally offended and they demand he apologize.
01:25:38.000No I understand that they're personally offended but has nothing to do with them.
01:25:41.000He didn't tweet something to them, so he can't be sorry to them.
01:25:45.000You can't take into account every single person.
01:25:48.000To take the temperature of every person, that's why we have the concept of free speech, right?
01:25:54.000The main issue, I suppose, is that what really happens if you step back is that Mom, Friend, and Sons was set to lose money.
01:26:01.000And so, he's like, a bunch of people are mad at me for doing a thing I don't understand.
01:26:06.000If I do nothing and we lose money, so he apologizes.
01:26:09.000The apology didn't work, they lose money no matter what, so then he says, wow, apologizing was a big mistake, which is funny because, you know, look.
01:26:17.000My question, I'll throw it back to you, Ian.
01:26:19.000What makes you sorry for something, right?
01:26:20.000You said if you did something, and then you were actually sorry, you'd say you're sorry.
01:26:24.000It's if I see that you're hurt, I feel that, and I want to make sure you don't feel that again.
01:26:29.000But what if people are hurt for something nonsensical, like he recommended a book?
01:26:33.000Or he didn't even recommend it, he just said, great job!
01:26:35.000Then I still empathize that you're pained, but I will let you know I'm not going to change my behavior because this is why I feel it's righteous.
01:26:42.000Well, and let me tell you about the money angle, too.
01:26:43.000This is very interesting because I, at one point, was going to write a book kind of about the actual financial implications of these, you know, outrages.
01:26:54.000And people get very angry and they say, we're going to boycott something.
01:27:01.000And so if you think about SoulCycle or you think about, you know, all these different companies that have gotten caught up, I know very few of them that have had, you know, those kinds of financial implications because people were outraged.
01:27:14.000Now, there are some like major cancel culture issues that have some short term implications.
01:27:20.000But a lot of times when you have these like big brand things like, oh, I'm not going to Go to SoulCycle anymore.
01:27:26.000We're like, when's the last time you got on a spin bike?
01:27:49.000So we'll think about the ramifications of, you know, offending a fan base.
01:27:54.000Should you just be, especially in politics, a personality that just says whatever your audience wants to hear because then they'll give you money?
01:28:02.000Or if you say something that offends them, should you just be like, well, that's what I think.
01:28:07.000Well, I think you need to be careful as a business or as somebody if you're like fan driven or customer driven, like Do you want to have a public set of opinions or do you want to keep that in your circle?
01:28:21.000Because the reality is, back in my day when I walked uphill to school, the people who knew my opinions were a couple people in my circle.
01:28:30.000Now we have Dear Diary that's Twitter and Facebook.
01:28:34.000We take everything that we think and we broadcast it to everybody.
01:28:38.000We weren't meant to take out information.
01:28:40.000So if you're in that kind of public light and this isn't like what you do for a living, then you might just say, you know, as a policy, like maybe I don't want to comment on these kinds of things publicly.
01:28:53.000Or maybe I'm going to send a note to Andy privately or, you know, whatever it is.
01:28:57.000And it's not because you're scared or you're bad or you're backing down.
01:29:48.000Yeah, no, I mean, I mean, I think it's also just about, like, sometimes just staying in your lane, not to say that the book thing isn't staying in your lane, but just as a broader macro concept, talking about through the nuance of this, is that like, you know, I'm an expert on economic and financial things, like people who don't know the difference between a balance sheet and an income statement, like want to come argue with me about stuff.
01:30:09.000And it's like, I don't need your opinion on how to organize the economy.
01:30:12.000You don't know what a balance sheet is.
01:30:15.000I'm not going to wade into like discussing the intricacies of like medical decisions or, you know, those kinds of things that aren't my areas of expertise.
01:30:24.000I don't think, and part of it is this is just a nascent technology.
01:30:28.000We're not used to this level of communication.
01:30:59.000But because of Twitter, you know, a lot of the people watching, like I've met the most amazing connections and I've collaborated where that is the upside to Twitter.
01:31:09.000But you have to curate that experience appropriately.
01:31:34.000But I do think something interesting is happening where I think there is a push towards, because of things like Mumford & Sons, the celebrities are once again retreating from the landscape saying there's no point.
01:31:44.000And what happens is it becomes journalists, or I should say activists.
01:31:48.000So the largest component, the largest community on Twitter for the longest time has been journalists arguing with each other.
01:31:54.000That's the biggest component of the blue checks too, right?
01:32:17.000Because you're bringing that audience to them, and they know that you can push stories out, get more traffic, make them more money.
01:32:22.000So their goal for many of these people is to say offensive things, but say them tribalistically.
01:32:27.000Which brings us to... I think the problem, one of the biggest problems we're facing right now is Mumford and Sons, as you say, shouldn't wade into this territory necessarily because this guy doesn't know anything about Antifa or politics.
01:32:40.000And so by him expressing an opinion in favor of Andy, it's not his area of expertise, he exposes himself.
01:32:45.000The other issue is that when it comes to the culture war, you basically have one main rule.
01:32:52.000Say what your tribe wants to hear or else.
01:32:55.000People actually, we see it all the time.
01:32:56.000I mean, Mike Cernovich tweets it all the time where people are like, I'm gonna unfollow you if you have a bad opinion or I'm not gonna support your book.
01:33:35.000If you are James Gunn, you know, you are the rare exception where the right was able to get him temporarily cancelled.
01:33:41.000But on the left, I mean, they can turn a tweet from a guy with 100 followers into destroying someone's life.
01:33:49.000So that ties back into sort of big tech and the algorithm.
01:33:52.000I'm sure that any of you who are on Twitter have noticed.
01:33:55.000The kinds of things that trend are always bad, negative, baity types of things.
01:34:01.000I mean, even a lot of times they have the tweet level underneath them and you'll see something where it's, you know, it's got like a thousand tweets or whatever and it's like, you know, put right up there in the trend so that people can see it and a lot of times it's calling out people by name and it's, you know, That's the algorithm.
01:34:18.000They could put up positive stories, right?
01:34:20.000You could trend positive stories, but that's not what they choose to put at the top of the algorithm.
01:34:27.000And we know it's not just based on the data and who's talking about it, because you can see the number of tweets.
01:34:32.000And there are things that have lots of tweets that, you know, kind of don't register.
01:34:36.000And there are things that have very few tweets that all of a sudden, like, oh, you might be interested in this.
01:34:41.000Take a little, take a little smell of this.
01:34:57.000So they would gossip about their tribe, I guess.
01:34:59.000And now it's, like, all across the world on Twitter.
01:35:02.000I mean, yeah, yeah, Twitter for sure, and it's taken over political discourse and politics where we should be discussing what business they're doing, how it's negatively impacting, what government is doing that's negatively impacting small business, how it's impacting someone's life, but you'll end up with a lot of people in this space who are more interested in, I'm not gonna say the guy's name, but ambushing Steven Crowder instead of actually having a legitimate conversation and turning it into a drama moment for some clicks, and then you see Newsweek?
01:35:29.000at you know coming out being like oh and it's like newsweek you're supposed to be
01:35:33.000a prestigious magazine how oh snap yeah you'll get you'll get people who will like see
01:35:38.000a tweet from someone and be like this is what we should all be talking
01:35:41.000about and it's like half the time these tweets are from people who are
01:35:45.000just sitting there like on their toilet and they're like and like you've got the
01:36:39.000I was sharing with you guys offline that one of my best decisions for my mental health on Twitter was to not respond to provoking questions or explanations.
01:36:49.000Because it's just not a format in 280 characters to have that rich, nuanced dialogue.
01:36:56.000There are people, there are other followers who will jump in and have that and do that for them, but like for me that doesn't work.
01:37:02.000I'm an empath, I'm a problem solver, like that's not a good combination.
01:37:06.000So I just think we need, in every aspect, we just need to be more intentional.
01:37:10.000I mean, we're so lucky to be living where we are and in this time and this place in history, and we just take everything for granted.
01:37:19.000And so we don't put the dollars towards the small business entities.
01:37:23.000We don't curate more positivity and lift up more people in our Twitter feed.
01:37:28.000We don't empower people to make better decisions.
01:37:31.000I mean, at the end of the day, America is great.
01:37:52.000And the Unsolved Mysteries stuff where I probably shouldn't have said it because we're so preliminary about like doing an investigation into the lost Confederate gold.
01:40:03.000But we did a rush order, to say the least, and it's costly, but I'm like, we got to make sure this is working because Look, I'll say it, man.
01:40:11.000I was completely overwhelmed by the amount of support we got when we launched the website.
01:40:15.000And, you know, I guess after the first two weeks, seeing how many people signed up, and it's... I don't know if I should say it, but it's massive.
01:40:24.000So I was like, I think we need to use this opportunity to hire journalists immediately.
01:40:29.000Make a much, much stronger, more powerful website with a big company.
01:40:32.000Start doing movies shows and we can make something really big with this It's a huge opportunity and I'm eternally grateful to everybody became members.
01:40:39.000So if you don't like me Well, maybe you'll like Cassandra Fairbanks if you don't like her, but you do like me Well, then you see I'm trying to bring in an eclectic group and it won't just be about whether you like my opinion or not Because we're gonna have content for everybody.
01:40:53.000We want to build culture and do really amazing stuff.
01:40:55.000So yes, that is coming And you're supporting the American dream.
01:42:00.000And I gotta say, I've been a bit more optimistic lately, especially... That interview we did with Steve Bannon was... I thought that was amazing.
01:42:11.000And let me also say, you know, there's this on this online retail revolution, ape community and whatnot.
01:42:19.000Also a lot of optimism there, because think about how far that's come from Occupy Wall Street 1.0.
01:42:24.000Instead of just standing in the streets kind of disorganized like, oh, we don't feel bad, but we don't know what they're actually putting their money where their mouth is.
01:42:31.000They're saying we want to participate in the wealth creation.
01:43:01.000It's based on this tweet I made where it was literally a subtweet, but I tweeted, stop responding to people who don't use their name and don't use a real avatar, and you'll see political discourse improve.
01:43:13.000And boy, did this have a mixed response.
01:43:17.000It was not the biggest ratio in the world, but I got ratioed on this.
01:43:20.000And then I had people being like, Uh, one individual made a YouTube video claiming I was telling people to dox themselves and I was having a meltdown over this.
01:43:45.000I won't apologize to people who want to be, you know, nameless avatars on the internet.
01:43:49.000My point was very simply, if I'm going to engage in discourse with somebody, but I'm visibly present with my name behind all of my words, The discourse is typically better when the other individual has the same levels of exposure and risk as you, because when people don't, they can say a whole lot of crazy things knowing they will never face any repercussions.
01:44:08.000They have put nothing on the line to make those statements.
01:44:46.000It's like it's just a little blip of a thought.
01:44:49.000Yeah, and if you, if, if, if, uh, there's people out there, if they, they're like, Tim's doubling down on this, and I'm like, oh yeah, I doubled down when I insulted the leftists, too.
01:44:56.000Like, do you think I, when I say never apologize, do you think that means I'll apologize to you?
01:45:01.000Look, if you got mad about something I said, I don't know, like, sometimes we disagree on stuff, but I will say this.
01:45:09.000That's why we've had a lot of discussions about anonymity versus using your real name.
01:45:14.000I obviously know the Founding Fathers wrote under pseudonyms before, but it was when they used their real names and made those assertions and declared that they would put their lives, their honor, and their families on the line.
01:45:25.000But I will make one very important point to those on the right who, for one, please don't look too deeply into what was a passive subtweet, for one thing.
01:45:35.000And I don't apologize for having opinions.
01:45:38.000I think my point is true that if I'm going to have a conversation with someone hiding behind a wall and I don't know who they are or they're wearing a mask, like they have certain advantages over me that's not same level of risk.
01:45:52.000There was one story not that long ago, September, where a teacher wore a Black Lives Matter mask at work, refusing to back down from her ideology, and was threatened with losing her job, and she said, I refuse, and they fired her.
01:46:02.000There was a man at Taco Bell who wore a Black Lives Matter mask, and they said, take it off or else, and he says, never!
01:46:07.000And then I get people tweeting at me saying, I can't lose my job.
01:46:10.000And I'm like, that's absolutely fine and I understand that.
01:46:12.000And I've stated on this show numerous times, I can respect people who have families and say it's very hard for me to do.
01:46:17.000I understand it's much, much easier for me, because I don't have kids, to make a lot of these moves.
01:46:21.000I've never hid behind that or claimed it wasn't true.
01:46:23.000But you need to understand that even though that is true and I respect it, The advantage the left has is that they're absolutely willing to sacrifice themselves for their ideology, and many on the right or the anti-critical race theorists, the anti-SJWs, and conservatives are less willing to do it.
01:46:38.000Not completely, but it seems to be at least a tendency at the very least.
01:46:45.000Because these people are willing to go out, and perhaps it's interesting because they know they have less risk simply by virtue of their institutional infiltrations.
01:46:56.000But I believe that their institutional infiltrations are built upon the fact that they're willing to not back down, and that gets the media on their side.
01:47:04.000The squeaky wheel, that gets the grease.
01:47:05.000So there's a big challenge in whether or not you should stick your name on everything you say.
01:47:11.000But there is an important point that I believe that if every single person who opposed wokeness right now at their job said it, it would be over.
01:47:19.000Because the polls show it is a microscopic fraction that believes these things.
01:47:24.000And if every single person said, I will not comply with these policies or I will file an EEOC complaint, it would be over.
01:47:30.000The challenge is the left is all about collectivism and organization, and the right is all about individual liberties, less willing to do it.
01:47:36.000I think there's this interesting thing, and it's part of one of the takeaways that I was hoping to make in the book, The War on Small Business, about decentralization.
01:47:46.000I think there's a way to be individual and come together.
01:47:51.000Collectivism is for the good of the group.
01:47:54.000Individuals coming together, people who are like-minded, who are using each individual thought, but they're all coming together to have a little bit more heft.
01:48:05.000And so I think there's a different way to be able to do that.
01:48:08.000And so for something like Wokeness, maybe it's that they're all doing it privately, that you get a hundred people who pick up the phone and all call the representative privately.
01:48:19.000So that you've made your point known, but you haven't put it out on social media, whereas we've just talked about a segment before.
01:48:26.000We don't need your that's not your lane of expertise or it's not your diary.
01:48:40.000The left has institutional power, and many of these younger millennials on the left have much less to lose.
01:48:46.000But when they tweet something like 50 tweets will hit a major corporation saying you're racist 4x.
01:48:53.000They can be pictures of bunnies and squirrels and communist squirrels and Che Guevara avatars, but the company fears the left ideology.
01:49:02.000And so even with anonymity in this regard, it could be one person sending all these messages.
01:49:07.000The company assumes we're under attack.
01:49:09.000There was a joke, I think it was maybe Family Guy, they were like, we received 70 calls last night, which means 7 billion people are upset with us.
01:49:58.000So you look at what's happening in these schools, these mothers, these fathers.
01:50:02.000They are standing there, faces shown, names out there.
01:50:06.000One guy gets arrested refusing to back down.
01:50:08.000They have put, these people, these loud, in Atlanta County, have put their names on the line to fight for what they believe in, and it's sending, it's having a ripple effect across the country, which is very effective, so.
01:50:21.000That's the thing that they're in charge of.
01:50:22.000And I think that's the point about picking your battles and really doubling down in those areas that you're passionate about, that you have the most expertise, that you have the influence.
01:50:33.000I mean, those are the battles that should be fought.
01:50:36.000Not every battle needs to be fought that way.
01:50:42.000Anonymity is super important because you see like the Soviet Union, I mean, they would root people out and execute them, put them in gulags if they if they could figure out who they were.
01:50:50.000So if you got... Mines is an anonymous social network, which is almost sounds like an anomaly or like, but basically, you can you can peer, you can like, peer validate who you are without actually showing who you are by being like, I like dogs, I like skittles, or whatever, and then they're like, yeah, that's Ian, that's Ian, that's Ian, but you never actually say who you are publicly.
01:51:09.000That's a form of, like, anonymous social networking.
01:51:12.000But Tim, I'm so down, I'm so into what you're saying about not, what I take is don't argue with faceless masses of people.
01:51:20.000Don't argue with people that aren't speaking with their voice.
01:51:25.000If it's writing on a wall and you have to go check on it's just it is such a waste of time and energy and it personally it infuriates me that to go through that and like you said they don't have the risk when you're anonymous you don't have the risk you'd have to back up what you say with with who you are so you can be a lot more ruthless and like you can say stuff you don't believe and there's no repercussion so I do love people claiming that I'm a grifter while I'm simultaneously having people attack me saying they won't support me anymore and I've become a monster and things like that.
01:53:01.000Okay, so you're apologizing to, okay, so if it was to him, if it was to him, I get it, but if it was to, like, you know, like, people, like, make apologies to the Twitterverse, like, I don't know why you would apologize to the Twitterverse for doing that.
01:53:13.000I think apologizing to the person, I get that.
01:53:16.000I stand by my opinion on it 100% that, you know, Andy should be leading the charge and not personally being down in these groups.
01:53:22.000He should be teaching people to do these things.
01:53:24.000I'm not saying it's easy, But I could articulate that better.
01:53:27.000So like a ninja academy, because that's like a better business model.
01:53:31.000Well, like right-wing watch, but for regular people who don't like extremists like Antifa, you know what I mean?
01:53:37.000Or like the ACLU, maybe, before they lost their way.
01:53:39.000But when it comes to me saying you have better political discourse with people who have their names and everything, I mean, I think that's just true.
01:53:49.000And it's not because every single person who is using an avatar or a fake name or a username is a bad person.
01:53:55.000It's because there are a lot of people trolling.
01:53:57.000And it's because when I'm looking through my tweets and my responses, and I respond to people every so often, you're trying to pull a name out of a hat and hope you're getting the honest person out of a group of people who have communist squirrel accounts that are just lying and in bad faith.
01:54:11.000Yeah, that's such a huge thing for me too, is that I'll have any discussion except for ones that are in bad faith.
01:54:19.000And also on Twitter because I just don't think it's a good forum for it.
01:54:22.000But in terms of like actually like kind of getting into things, like if you're coming at something in bad faith, like there's just no point.
01:54:29.000It's hard to know for sure, but we should definitely get to super chats.
01:54:33.000Well, so that, yeah, so, so this, people are saying, you know, that was, that was kind of the point, like, oh, you'll read an anonymous super chat, but not respond to someone on Twitter and not argue in texts.
01:54:46.000Don't waste your energy arguing in text if you don't have to.
01:58:09.000Tyler Klovik says, what if the HMS Destroyer story is a distraction for the US conflict where McAfee didn't kill himself?
01:58:16.000Man, they got mad at me for saying that.
01:58:17.000It's so weird the mainstream media is like, how dare you claim that a guy who said he would never end his own life, ending his own life is a conspiracy.
01:58:59.000And TheLoneRaptor says, I work for the biggest freight company in the Southeast, and I can confirm that there is a trucker shortage, as well as a freight handler shortage in our company.
01:59:31.000The market has said we pay more, but gas prices are going to go up.
01:59:36.000And then everything else is going to go up.
01:59:38.000But again, remember that the only reason there was this shortage is because the government disrupted the market and created the situation that discredited people to begin with.
01:59:48.000So this is this is not the market deciding this needed to happen.
01:59:52.000This is the coming out of the after effect of interference.
01:59:57.000All right, we got Travel by Day says, I got a weird call from the Air Force the other day.
02:00:02.000They said they were going over old applications.
02:00:37.000Rowan Thar says, Carol was absolutely right on so many parts of the US wanting to hire but not being able to get workers.
02:00:43.000I just moved to a rural area for AG work and I am working six days a week and employers want more.
02:00:49.000Well, I'll mention too, I think we have a couple, we've had like a couple thousand requests for work to work here.
02:00:56.000So I certainly think that passion is a driving factor and that's why I kind of feel like there's some truth to people want a fulfilling job.
02:01:03.000They don't want to just jump back into the labor market with something they're gonna be unhappy with.
02:01:07.000They want to take the time to find something, you know.
02:01:09.000Which, by the way, I want to say, this is an important point, is that is capitalism as well.
02:01:14.000The fact that we have the privilege, there are people across the world who can barely support themselves, let alone choose how to support themselves, let alone do so by pursuing a passion.
02:01:25.000The fact that you can make those choices, the freedom and choice, that is capitalism.
02:01:29.000It's not always about the dollar things.
02:01:31.000It's about having that freedom and choice.
02:01:33.000So good for people who say, you know, I'm not driven just by a dollar freedom of choice.
02:01:45.000Bobby Bob says, what is the best argument for and against $15 and what would happen if it's passed?
02:01:50.000Okay, so I'm assuming that's directed at me.
02:01:54.000I am against any sort of interference in the market at all, and particularly putting it on a national basis where you've got every single person in Every age group in every place from Arkansas to Newark having the same thing.
02:02:10.000If you do this on an artificial basis and you kind of go up the chain, what's going to end up happening is you're going to keep more people who are young and low skilled out of the workforce.
02:02:21.000You're going to end up driving up the cost because it's not just that person whose wage, that unskilled laborer whose wages increase, but the person above them then wants an appropriate increase.
02:02:31.000The person above them wants the appropriate increase.
02:02:33.000Suppliers and vendors are all dealing with the same thing.
02:02:36.000You're going to end up paying $23 for a slice of pizza or the place is going to shut down.
02:02:41.000And the person who's now making $15 an hour is not going to have any more spending power.
02:02:45.000And then they're going to say $25 more.
02:02:54.000There's 9.3 million jobs that need to be filled.
02:02:56.000We don't need to artificially continue to increase the wage.
02:03:00.000There is no good argument that, as Thomas Ellis said, the actual minimum wage is zero.
02:03:05.000And I have a tweet on this if you want to go at caroljsroth and minimum wage.
02:03:10.000The minimum wages history, I also talk about this in the book, is actually keeping immigrants and women and people of color out of the workforce.
02:03:18.000That's the point of it, is to keep people out of the workforce.
02:03:23.000All right, so I did see one chat where someone said that we should have Carl Benjamin on the show, and yes, any time.
02:03:30.000If anybody has an open invite, it's of course Carl Benjamin of the Locust Eaters podcast, and of course Count Dankula, but they're across the pond, and there's a bunch of travel restrictions, but the moment they have an opportunity, not only that, but I say this of anybody, be it someone on the left or the right, when they host their own show, it's hard to ask someone to stop doing their show to do my show, because it's kind of like a favor, it's not like we pay people.
02:04:11.000Dude, we have opportunity to help a lot of people.
02:04:13.000And it's just, if it's anything but bringing people to see, like, this crappy, uh, You know, don't buy houses, manipulation stuff to bring in amazing people in to talk about their expertise.
02:05:59.000I was just kind of like, It was one tweet. It was like I tweeted like
02:06:03.000There's like two like it was like a tweet and then like I did like three responses to it
02:06:08.000I don't understand why that's a meltdown meltdown Or like how it was advocating people dox themselves
02:06:14.000So I just tweeted I tweeted at him like okay Kathy Newman like so you so you're saying you know
02:06:20.000So you're saying or whatever and I'm like dude. I don't know I didn't I
02:06:26.000People can make videos about whatever they want.
02:06:29.000The weirdest thing to me is people are like, Tim's so egotistical and arrogant, and I'm like, I do say I am, but I'm also willing to accept that people make fun of me all of the time.
02:06:56.000He's like, he's highlighting what basically what we've been talking about that there's the value to anonymity, but there's also it's hard to communicate through text with, with anonymized source.
02:07:07.000I think that discussion with you and Jeremy would be a very interesting one to watch.
02:07:10.000I am just annoyed that they've devalued all these things like Meltdown and Owned because like every time I click on something, it just doesn't get the payoff.
02:07:20.000And I just feel like if you're going to say somebody's having a meltdown or they were owned, like it's got to be really good.
02:07:57.000And people get mad at me because like, you know, in the conversation I had with Bannon, I was mentioning like, We're trying to build all of this stuff.
02:08:05.000We're trying to hire people and make journalism happen.
02:08:07.000And I don't understand why so many other people don't do the same thing.
02:08:10.000Because I know how much money some of these people make.
02:08:13.000Very prominent personalities on Twitter and on YouTube who are making... Mentoring opportunities, uplifting opportunities, abundance mentality, help bring, empower other people.
02:08:23.000This is exactly the conversation we've been having.
02:08:26.000But they just buy, like, material things for themselves.
02:08:30.000I'm not dragging people for wanting stuff.
02:08:32.000I'm just saying I wish that we had a little bit of the ideological fervor in regards to classical liberalism, freedom, and even conservatism, and like traditional liberalism, as the leftists have for wokeness.
02:08:46.000Like their zeal and their passion and their fearlessness and their rage.
02:08:50.000Exists in much smaller quantities in the anti-establishment, anti-woke, and conservative space.
02:08:58.000I think this is why decentralizing social media and the Fediverse, the future of interconnected, decentralizing the economic system with cryptocurrency, decentralizing the military, small businesses.
02:09:39.000There's so many opportunities and it just kills me.
02:09:43.000And I don't know if people don't have the conviction to do it.
02:09:46.000I don't know if people don't have the knowledge or I don't know if people don't want other people to know that the opportunity is available to everyone.
02:09:57.000I've somehow like figured out this special sauce and you can't.
02:10:00.000Instead of going like, nope, pretty much everyone can figure this out.
02:10:02.000I will say in Jeremy's defense, it's actually Casey Neistat, one of the like, you know, godfathers of YouTube in terms of vlogging especially.
02:10:11.000People asked him about clickbait and he said the reality of YouTube, I'm paraphrasing, is that either you find something that will convince people to click and watch or you fizzle out and disappear and YouTube doesn't promote you or support you and then you get no traffic.
02:10:24.000So he was like, it's the conundrum of YouTube.
02:10:27.000You're upset that you're using certain titles or saying things certain ways, but then the alternative is just not existing at all on the platform because it really is about drama and catching people's attention and things like that.
02:10:37.000But I will address one non-super chat from Mr. Obvious who said, And so this is another thing that I tweeted.
02:10:46.000People say that it's easy for you to say these things, Tim.
02:10:49.000You have all this money and you can do all these things.
02:10:52.000My response is, I am not only calling out the establishment because I'm successful.
02:10:58.000I am successful because I am calling out the establishment.
02:11:00.000I had a contract with... I'm going to publicly state this.
02:11:03.000It was on the members only thing, but I'll publicly state this right now because it's been a long time.
02:11:06.000I was given a check for $200,000, just about, by ABC News Univision.
02:11:12.000As a sign-on bonus that we want you to start the company here and we will, here's the check, literally that day I was staring at it and they said sign up with us and they gave me $250,000 a year salary plus a massive budget which amounted to millions of dollars in terms of being able to produce and do all these things.
02:11:28.000And I tried breaking that contract and walking away from it.
02:11:31.000So people say, like, it's easy for you to say, Tim, you owe all this money, but my whole life, like, even when I was broke and homeless, I filed a lawsuit against a company I worked for for violations of labor laws and things like that, and that made me unemployed for months, unable to move because of ongoing litigation, and on and off homeless.
02:11:52.000So what I mean to say is, if you're unwilling to take risks, I'm not saying you have to, But no risk, no reward.
02:12:00.000For someone like me, it's not the fact that I'm successful that gives me the opportunity to do it.
02:12:04.000It's that by refusing to bend the knee to ABC and all the money they offered me, and I've told the story about one day I wake up and they give me an extra $40,000.
02:12:18.000And then I leave and I start my own thing.
02:12:21.000And my obstinance, and a bit my arrogance, and my unwillingness to bend the knee to these corporations leads me down that path of constantly building and fighting and doing what I believe in.
02:12:30.000I understand not everybody can do that, and I understand a lot of people think it's arrogant and egotistical of me and I'm bragging and all that stuff.
02:12:36.000My point to most people is, if you believe in yourself and you take the risks, you very well may fail, or you very well may find that on the other side of the fire is freedom.
02:12:50.000And that's the point is that anybody, if you want to risk and reward, like you said, if you want to take the risk, you have that opportunity and you may not everybody may succeed, but you'll have that potential to succeed.
02:13:04.000And having the abundance mentality lifts all the boats.
02:13:50.000But that's where that personal risk-reward evaluation has to come into play.
02:13:55.000So I just, you know, my view is when you take a risk and you throw yourself out there and you challenge the system, it is very possible that you end up, you know, living in a van down by the river, or maybe you don't even have a van.
02:14:07.000But I suppose if you're not willing to take those risks, you know what I'll do?
02:14:58.000And then Picard says, enough, Q, you've made your point.
02:15:01.000That impertinence in his youth and that arrogance and that risk-taking led him to be one of the greatest captains of all time in Star Trek history.
02:15:09.000I love that I also just say, you know, over the course of my career, when people say what is sort of the number one thing that you would tell yourself in terms of going back in time, advice to yourself, and it is take more risk, especially when you're young and you don't have things to lose.
02:15:23.000You don't realize, like, it takes almost the same effort to think small as it does to think big.
02:15:59.000I think Jeremy will end up back on the show, and I think so long... I just think it's funny.
02:16:04.000I think we all have thicker skin on, like, whatever this side is of the culture war, and I just find it fun and funny, and these are good ideas to work out and good arguments to have, so Jeremy's always welcome back.
02:16:14.000We had a scheduling issue that happened last time, and it was really frustrating for me.
02:16:18.000And, you know, I apologize to Jeremy over all, you know, everything that happened.
02:16:30.000Because if the right was full of people who were unwilling to be mean to each other and they couldn't be adults about it and move on, it would be as bad as the left.
02:17:15.000But we're hoping to leverage that network to guide people to TimCast.com.
02:17:18.000So we're on Facebook and Instagram at TimCast IRL.
02:17:21.000By sharing our videos, it's the marketing power, it's how we compete with the establishment, and it works really, really well for The Daily Wire and Ben Shapiro, and they're growing like crazy, and I'm happy to hear it.
02:17:32.000You can also follow me personally at Timcast and give us a good review and all that stuff.
02:17:40.000Alright, so I've been promoting myself this whole time, so I'm going to let you promote the book.
02:17:45.000The War on Small Business, How the Government Used the Pandemic to Crush the Backbone of America by Carol Roth, a New York Times bestselling author.
02:17:53.000I strongly suggest you read this because one of the biggest subjects on this show is how we saw the largest transfer of wealth from the working class to the oligarchs.
02:18:03.000And we need to understand how it's happening, why it's happening, what they're doing.
02:18:44.000You guys can follow me at iancrossland.net and at iancrossland along all lines of social media.
02:18:48.000You can also follow the show on Mines, which I want to shout out a little bit more because I love that decentralized aspect of social media that Mines has been working on with the Nomad system and other other things.