00:02:52.000We are not yet done with setting everything up.
00:02:55.000We still got a bunch of cool things to add, but of course, we got the guitars hanging out.
00:02:58.000We got art and design and llamas and swords and all that cool stuff.
00:03:02.000And we'll be adding more to it as we go.
00:03:06.000We're still working on this, actually, just one studio in a bigger office.
00:03:09.000We're based in D.C. now, which means when you get all the very special members of Congress with the midterm coming up, it's going to be a lot of fun.
00:03:47.000And that was because I sort of started this whole movement that I came out a few days after the Trump election of 2020 and I didn't vote for Trump, but I'm a Ron Paul guy, but I and a liberal, but that I came out and said was the first to say the election was rigged, these machines can't be trusted.
00:04:04.000And for that, I got that movement going and eventually I had to flee the country for two years.
00:04:09.000I figured it would have been you went to church too many times.
00:04:12.000I don't know how much of this is public, but I was talking to you before and I was like, well, you're a billionaire, aren't you?
00:04:21.000And the reason why I brought that up is because it's crazy that they'd come after a man of such stature as yourself.
00:04:29.000I mean, we've described this as a battle of the elites at the highest level.
00:04:35.000For a man of your position to invest all of your resources into this fight, for them to try and come after you over it, what I'm trying to say, I guess, is that a lot of people don't believe.
00:04:46.000That the ultra wealthy and the political class are separated from each other.
00:04:49.000They assume that if you're ultra wealthy, you're in the club and you're going to stay in the club.
00:05:43.000I mean, we, so when we moved, so we were in our Western Maryland studio, we didn't have a gate.
00:05:49.000And so we had people actually just walk into the building like burglary, like literally it's, it's, it's like misdemeanor to felony territory, pulling up, walking in during these shows, and it's resulted in chaos.
00:06:01.000And so we set up physical barriers for the legal requirement to be like, okay, and then hired security.
00:06:05.000We built the new studio with an actual gate.
00:06:07.000So we had one guy drive up to the gate and get out screaming that he was sent by God to come and talk to me.
00:08:23.000I mean, I was hanging out with my friend Jack, shout out Jack, before the show, and we just went to get lunch, like literally down the street from here.
00:08:30.000And exceptionally high profile individuals just sitting at the bar having a drink.
00:09:15.000I'm glad we're here because it's like we're at an inflection point in human history with AI.
00:09:19.000Like, that we're here in the capital of the largest, most powerful country in the world, a stone's throw away from Congress, running the world's government is like.
00:11:22.000I mean, when you're the Republican administration's press secretary and Sean Hannity has come for an interview and you get ambushed, it's like.
00:11:40.000Calculated by very simple, straightforward.
00:11:41.000It shows that Hannity can be an attack dog whenever he wants.
00:11:45.000I think there's two, I'd be curious what you guys think.
00:11:47.000I think there's potentially two motivations for Hannity why he would do such a thing.
00:11:51.000The first, I think, is likely that potentially President Trump gave him a call and said, Hey, it'd be convenient if you could maybe, you know, rough her up a little bit so that way we have an excuse to take her out.
00:12:03.000Or the other explanation, which is also equally intriguing, and I want to get, you know, again, this is just what people are saying.
00:12:10.000That because she gave Jack Posobick her first big interview, you know, everyone wants the first interview with the new press secretary instead of Hannity.
00:12:18.000Hannity might have had a bone to pick saying, Hey, I should have gotten the first.
00:13:29.000Well, Sean, I want to give some background, and it's nice to be on here with you, and such a privilege to serve as President Trump's new press secretary.
00:13:37.000I was given the offer last Wednesday, or I got a phone call last Wednesday.
00:13:44.000I had a meeting on Friday, was offered the job, flew home to California on Saturday, flew back to Washington on Sunday, was asked to start on Monday, Sean, which is Columbus Day, and so it's a federal holiday.
00:13:59.000And have a press briefing at 9 30 in the morning on Tuesday.
00:14:02.000So, what I feel is I really stepped up and to the plate to do the press conference, Sean, with very little prep time.
00:14:10.000I received briefing materials in the morning of Tuesday, and I went to deliver all of the great results that President Trump is delivering for the American people that are not often spread in the national media.
00:14:24.000So, I took it as an opportunity so people would know what he's doing for Americans and how hard he's.
00:14:30.000Working and then I delivered some breaking news.
00:14:34.000I think I'm one of the first press secretaries to deliver staff changes for the administration, and I was honored that President Trump trusted me delivering that information.
00:14:44.000And then I took several questions, and I think it's been mixed, Sean, because they've said I only took questions from conservative outlets.
00:14:53.000However, the Daily Mail is not known to be a conservative outlet or friendly to conservatives, so I do challenge that narrative.
00:15:01.000And then, as I should have, I ended the conference and I left.
00:15:06.000As I believe, given the fact that I'd been on the job less than maybe eight hours and had a briefing book in the morning, I feel like I did my very best, Sean, to deliver for the American people that day.
00:16:29.000Donald Trump basically being like, I want a white blonde woman to be the press secretary and not even looking at the qualifications.
00:16:38.000We were talking about this before the show.
00:16:40.000I'm not going to name the person, the individual person, but everyone's heard the story because I think Trump told it personally that he's in a meeting with a bunch of guys, and his lawyer, a young woman, comes in with paperwork.
00:16:49.000And the guys, when she walks out, they're like, wow, she seems young.
00:17:18.000She needed an opportunity, but at the same time, Donald Trump should maybe consider hiring, I don't know, qualified people instead of young blonde women again or women with lip fillers.1.00
00:18:20.000You think about who's been like the surprises or who's been like the successes, the strong, you know, the strong cabinet of Officials, you know, you start thinking, oh, Stephen Miller's been, you know, he's been pretty good.
00:18:59.000I think moderately famous story on December 18th, 2020, myself and General Flynn and Sidney Powell snuck into the White House and had this meeting.
00:19:08.000That was me, that we snuck into the White House and met with Trump and tried to talk him into doing the right thing.
00:19:13.000One of the things that made that happen was until then we had had a reasonably good way of communicating.
00:19:19.000It was through Rudy, what we were learning.
00:19:21.000We had all these computer scientists working for us, we were digging up stuff.
00:19:25.000It was tough feeding it to Rudy, who was 85 and wasn't going to understand cybersecurity, but it was at least Rudy.
00:19:32.000Somewhere in there, two journalists, I won't mention their names, attractive young women, went over.
00:19:38.000This is late November 2020, went over to the White House one day.
00:19:42.000I saw them go over dressed up in sort of flouncy dresses and high leather boots to go in and to the White House.
00:19:50.000They came back three hours later and said to me and Mike Flynn, okay, okay, we've actually, we're now advising Trump, when you have stuff, you give it to us and we'll brief Rudy.
00:20:01.000So we had like all kinds of cybersecurity guys doing amazing work.
00:20:05.000And we had to feed it through a couple bimbos.
00:21:02.000And like the annoying thing to me is the people who live in Trump can never do anything wrong world.
00:21:07.000And I'm just like, listen, it is reasonable to say that Donald Trump is better than Kamala Harris would have been, and he's better than Joe Biden was.
00:21:16.000But look, just because the Democrats are.
00:21:20.000Wackaloons doesn't mean you got to just lick Trump's ass.
00:21:29.000I will, because he tried bringing in the swamp guys, the DC guys in his first term, and that backfired.
00:21:35.000So then he tries bringing in loyalists, but he brings in a bunch of these women, and it's like, okay, I'm just tired, to be completely honest.
00:21:42.000I'm not going to pretend that Kamala Harris would be doing better.
00:21:44.000I think it'd be substantially worse, to be honest.
00:21:46.000I don't think we'd have a country anymore.
00:21:48.000We just need a lot of Stephen Millers.
00:22:27.000No, I want Stephen Miller to be chief of staff.
00:22:29.000He needs to be, if the rumors are anything you go off of, I mean, that would be a serious, serious upgrade.
00:22:35.000I think there's probably Trump admin officials who saw the news last night.
00:22:39.000We're probably weeping tears of joy that Susie Wiles might be out, who's been causing tremendous problems.
00:22:45.000I mean, if you look at a lot of these handicaps, you look at these corruption, these credible corruption accusations about the Trump administration, a lot of it goes back to her.
00:22:55.000This is how Orban and people of that ilk lost the youth.
00:23:00.000You know, in Hungary, you look at the young right wingers, you know, people that are to the right of Genghis Khan were out on Orban.
00:23:06.000A lot of it was this corruption, this tit tat, just kind of nonsense going on every day.
00:23:10.000And then a lot of it was this boomer garbage that we're seeing where we're shoveling in all these Fox News hosts and getting nothing done.
00:23:17.000And all we're doing is having these great sound bites.
00:23:19.000Meanwhile, there's a lot of, you know, there's a lot of economic initors screaming for help, right?
00:23:23.000Like the year over year week or hourly wages down.
00:23:27.000I mean, this is stuff that affects young people dramatically.
00:23:30.000So, you know, to get back to the, it's like sort of what I was getting at is just, You know, this kind of stuff is just really off putting to young people, and you may be saying, Well, you know, young people don't make up a large part of the voting base for primaries, and you're absolutely correct.
00:23:43.000You don't need young people if you're a Republican and you're trying to win your primary, you don't need young people, that's just the reality of the situation.
00:23:48.000But you're gonna need them, a in the future for voting, and then b to staff your campaigns.
00:23:55.000Your activists are your young people, that is the engine room of any political movement.
00:23:58.000But did you guys run that video yesterday or the day before the uh, the the Instagram video I posted, I shared where it's like Gen Z versus boomers?
00:26:32.000We've been talking about, yeah, well, you know, the polls could be biased indeed.
00:26:37.000What we're looking at right now is where people are placing their money and more importantly, what people have already done.
00:26:42.000So with that being said, boys, it's looking like the Republicans are going to get.
00:26:47.000You know, the worst part about it is it's not just the Republicans are going to probably lose the House, and if these numbers hold, we'll lose the Senate, but the American people are going to pay for it.
00:26:57.000There's not going to be any kind of movement on any policies that the Trump administration wants.
00:27:01.000He'll still have the ability to do things through executive action, but he's also going to have significantly more resistance from the House.
00:27:07.000And I think that it makes it more likely that a Democrat will win in 28 as president.
00:27:13.000And if that's the case, unless the Republicans take the House back.
00:27:19.000One of the issues right now as to why Democrats are doing well is simply that Republicans control everything.
00:27:24.000And if they control everything, no matter what happens, people will complain and the people who complain will vote against you because what are they really voting on?
00:27:32.000But my point is, come 2028, if Democrats take the legislative branch and things are bad, Republicans can use that to say, well, you voted the Democrats in the midterms and look what they brought.
00:27:43.000I think people are blaming Donald Trump right now.
00:27:46.000And I think that they'll continue to do that.
00:27:48.000If the Democrats take the House and Senate, you're going to see.
00:27:52.000Like I said, you're not going to see any kind of significant policies that help the American people because there's no incentive for the Democrats to pass legislation that helps the American people.
00:27:59.000So you're going to have two more years of negative results for the American people.
00:28:03.000And so they're still going to look at the Republicans and they're going to say, you didn't do anything.
00:28:07.000They're still going to blame Donald Trump.
00:28:09.000And I think the Democrats are like, I'm not completely convinced because if Democrats take the legislative branch, Republicans, I think, are counting on culture war conflict in which, of course, Democrats are going to impeach Trump.
00:28:21.000Trump's going to say, we're trying to fix things and all you're doing is blah, blah, blah, blah.
00:28:25.000And then When it comes time to vote, you know, I'll say this.
00:28:29.000I think, and, you know, I'm going to say this because I think your opinion, Pedro, would be very, very different.
00:28:35.000But without COVID, actually, you may agree, without COVID, Trump wins 2020.
00:28:39.000Regardless of what you think about voting machines or anything like that, no mail in voting and Trump wins.
00:28:46.000But when you get mass ballot harvesting and you get a COVID lockdown turning low propensity voters into active voters, then yeah, Democrats are going to pull out all the stops and they're going to have voter signature verification at a very, very low rate.
00:29:06.000I think if Democrats do take Congress, They're going to do things, and Trump and the Republicans are going to campaign on what Democrats have done.
00:29:16.000They caused fights, and we couldn't get bills passed, blah, blah, blah.
00:29:19.000Let me give you a more draconian possibility.
00:29:22.000On day one, Hakeem, well, first of all, if they take the House, Democrats will have Speaker Hakeem Jeffries.
00:29:29.000He will, on day one, get Trump impeached.
00:29:32.000The Senate, even if it's 51, 52 Democrats, you'll have, at this point, 16 to 20 Republicans will switch sides.
00:29:40.000And vote to convict the establishment.
00:29:43.000You think Republicans will vote to convict and I think there's enough of them.
00:29:46.000I think there's 16 to 20 in there who have shown their true colors on some key votes and key more like committee votes over the last couple years.
00:29:57.000They just there's the establishment Republicans want to be done with the Trump era and they will vote to convict.
00:30:02.000You will have President Hakeem Jeffries and AOC or somebody as his vice president.
00:30:07.000Well, they're not going to remove Vance.
00:30:10.000The Democrats are so crazy at this point, they will impede, they'll indict them both.
00:30:14.000They'll impeach them both, and you'll have Republicans who will do that.
00:30:18.000I can certainly see a reality where they'd like to remove Vance, but they do not have the political capital for that.
00:30:23.000Removing Trump is a long shot already, because these, while I agree with, there's probably a fair amount of Republican senators who are ready to jump ship.
00:30:32.000The issue is, will they survive politically back home in their states?
00:30:37.000I think Trump, his polls are bad, but he still controls so much of the Republican base, the MAGA Republican base, that you come out as a Republican senator and say Trump is bad and you're voting to impeach him, you lose.
00:30:48.00020, 30% of that vote, you'll never get elected again.
00:30:51.000So I think Trump getting convicted is a long shot, but throwing Vance in there, I don't see that being a possibility.
00:30:59.000So I mean, he does a personal relationship with a lot of these Republican senators.
00:31:02.000So yeah, I mean, to Tim's point, Trump's a long shot, but I think Vance is probably off the table just because a lot of these guys knew him personally.
00:31:10.000And, you know, a lot of this culture war stuff, a lot of these senators hating each other, as we all know, is all kind of kayfabe.
00:31:16.000Behind the scenes, they all get along, they're all chumming it up.
00:31:18.000I think Vance is in the Senate long enough where, especially the Republican senators, will probably, they won't risk that relationship getting thrown in the air.
00:32:01.000If I don't think it's day one, if there is a scenario in which they do convict Trump and get 15 Republicans to flip, you're going to need a political cast of belly, as it were.
00:32:13.000So let's say day one, Hakeem Jeffries says, we're going to be launching congressional investigations against Republicans for impropriety, Donald Trump, and his political lawfare.
00:32:25.000Is, and I don't put it past him, is fabricate or let's just say drum up a story of such corruption that Republican senators say something like, I'm sorry, I don't want this to be the case, but I have no choice.
00:32:41.000Since we learned that Donald Trump kicked that puppy into a burning building and left it, I must vote to convict.
00:32:47.000So, whatever the story is, they will first have to take six to 12 months.
00:32:54.000Building up this narrative and getting a story so that enough Americans are shocked, and then they create the pathway by which Republicans could defect and say Trump's got to be removed.
00:33:05.000What I'm afraid is that Trump has given hostages to fortune, that he has, because of the corruption around him, allowed things to happen, particularly with regards to Venezuela, that could provide the Democrats just that story.
00:33:21.000This Trump cutting a deal with Russia on oil right now, particularly at a time when Russia was already sanctioned, showing the desperation due to the Iran war.
00:33:29.000I think what we'll likely see is you might get hearings on Trump's, the schoolgirls that were killed in Iran.
00:33:38.000Imagine Democrats come out and say, based on new evidence received, we're launching an inquiry into the, you know, 50, 60 schoolgirls that were killed by Trump ward strikes.
00:33:48.000They'll then get people to come and testify before Congress about the little girls that were murdered.
00:33:52.000And then they'll, you'll get, you know, I don't know, insert Democrat going on TV and saying, it shocks the conscience that Donald Trump.
00:34:04.000And then you get Republicans saying, like, while we understand that war is tragic, Donald Trump was callous, reckless, and murderous in the murder of these children.
00:34:13.000All they got to do is parade every single day and every single media outlet that Trump murdered little girls.
00:34:17.000And Republicans are going to, what happens is these Republicans probably still know they'll lose, but they'll be able to go to their rally and say, I have no choice.
00:35:18.000They'll say, Trump, they'll say, We, you know, you'll get Adam Schiff going on TV holding up a middle folder saying, I can't show this because it's classified.
00:35:27.000But a source said, Trump said, kill those girls.
00:35:31.000And it doesn't matter if it's true or not.
00:35:32.000Why do you think that's a higher probability event than some of the people around him who are involved in.
00:35:39.000You know, Jared and Whitcroft are out there with out of one side of the mouth, they're negotiating like they're U.S. government officials.
00:35:46.000Out of the other side of the mouth, they're like doing condo deals.
00:35:49.000Because a third grader can't understand that.
00:35:52.000So when you look at politics, I think they say that the average grade vocabulary is third grade.
00:36:00.000So if you go to a third grader and say, listen, you need to understand about Jared Kushner and Whitcroft, these guys are running backroom deals where they're negotiating with the Saudis and then going with it, you have the ambassador to Greece, and the third grader is going to be like, I want pizza.
00:36:14.000But if you go to the third grader and say, Donald Trump hit your friend Sally, he'll go, Why?
00:36:23.000So, you're going for the lowest common denominator.
00:36:25.000And I'm not trying to say the average American is stupid.
00:36:27.000I'm trying to say that an average American who doesn't pay attention to politics hears Trump intentionally murdered children.
00:36:34.000And they're going to be like, look, I don't know what's going on, but I am not in favor of that.
00:36:38.000And if they can shift things against Trump even 10 or so points, you can get those defector Republican senators to say, I understand that you like Trump.
00:36:46.000I understand you don't like Democrats.
00:36:47.000But as a man or woman of principle, I am here to lead the American people and do what's right.
00:36:52.000And the revelations that we received about Donald Trump ordering that strike on the school intentionally.
00:36:56.000Are disqualifying for me, I'm voting to convict.
00:37:35.000And then you have a situation where you've got a significant majority in the House and in Congress or in the Senate and a Democrat president.
00:37:45.000They'll be pushing through all sorts of policies intended to make sure that Republicans cannot win again.
00:37:51.000Well, we're a communist China at that point.
00:38:16.000I understand that people are upset with Trump or angry at the Trump administration, however you want to phrase it.
00:38:21.000But the things that the Democrats want to do, I don't think the American voting public is cognizant of the actual things that they're looking to do.
00:38:32.000Because the Democrats will do to the federal government what they've done in California, which is essentially block out any kind of opposition party.
00:38:42.000You'll have the Republicans looked at as maybe a regional party, but the real actual contest is going to be who gets nominated by the Democrats in the primaries.
00:39:12.000That's the normal degree of intelligence.
00:39:14.000And I also want to stress that there are people out there who are not stupid.
00:39:19.000They just don't have the time to focus on what we focus on.
00:39:24.000So there's a guy out there who's a tradesman and he works 40 hours and he comes home and he wants to hang out for a few hours with his kids, watch TV with his wife, have a nice meal and go to bed.
00:39:33.000He does not have time to be immersed in politics.
00:40:12.000Anyway, what I was going to talk about was communist China because you guys said your fear that if the Democrats get into power, we might be seeing.
00:40:18.000But, like, the Trump administration, I just pulled up the numbers, has bought 36 companies, used government funds to buy percentages of government.
00:40:27.000The Chinese Communist Party is known for buying companies.
00:40:33.000As of October 15th, the Trump administration has used U.S. tax dollars to buy and socialize, which is the, as we know, the first step towards communism.
00:41:35.000It says historically it's very unusual for the U.S. government to buy ownership stakes and dozens of private companies during normal economic conditions.
00:41:41.000I will admit we're not in a normal economic time right now.
00:41:44.000So, like during wartime, I mean, Pat, you ran over stock for a while.
00:41:50.000Would it have been out of the pale for the government to come in and buy 10% of your company?
00:41:55.000Would it have been out of the pale to do that?
00:41:57.000However, there are national security reasons that they're stepping in and saying, gee, we have to revive our rare earths industry.
00:42:07.000We have to invest in companies to bring chip manufacturing into the U.S.
00:42:31.000It's worth noting that the Chinese Communist Party, the way that they own part of companies isn't by buying a stock or percentage of stock.
00:42:44.000The Chinese state directly owns a significant portion of China's corporate sector through state owned enterprises, and they exert control over nominally private companies through indirect mechanisms.
00:42:53.000So it's not the same thing as the U.S. buying stock of a company in order to prop the company up.
00:42:58.000They don't sit on the board, like the federal government in the U.S. doesn't sit on the board.
00:43:02.000They don't have the right to tell the CEO how they have to run the business or whatever.
00:43:08.000It's essentially the government would say that it's an investment in companies that are important to the United States.
00:43:12.000China actually directs the way that these companies work.
00:43:16.000Did you do a lot of business with China?
00:43:19.000Well, I've lived there in the early 80s.
00:43:21.000I speak pretty good Chinese and I'm quite familiar with the economy.
00:43:25.000Do you see like a very, like, what's your biggest difference?
00:43:28.000Where do you see these differences in the.
00:43:29.000Anyway, but if you had something also you're going to tap on.
00:43:31.000Well, I think you're going down the right path talking about China.
00:44:18.000The Chinese and the Russians made that as a deal.
00:44:21.000Russia gets Alaska and Western Canada, China gets the U.S. and Eastern Canada.
00:44:25.000It's all in their national security literature.
00:44:27.000What we are seeing is, I believe, a Chinese plan to destabilize and take us down and then occupy us.
00:44:34.000And as crazy as that sounds, read books like Unrestricted Warfare by a couple of Chinese generals, or The Hundred Year Marathon, or The Secret Speech of Chu Hao Tian that lay this plan out.
00:44:47.000So, what we're living through is a Chinese, is a communist subversion.
00:44:51.000And their plan is to exterminate everyone, by the way, other than 20 million whites they keep alive as slaves for five years.
00:44:57.000And that's in the Chinese national security literature.
00:45:00.000So, I feel like we're all sort of rearranging deck chairs in the Titanic not to understand in that context.
00:45:05.000And in that context, although I'm a total Milton Friedman guy, but when you're talking, Milton Friedman might not have understood national security exactly.
00:45:15.000And there are times where the Department of Defense or the intelligence community needs to make investments.
00:45:20.000To get companies stood up and producing something faster than the market would do it on its own.
00:45:26.000Do you think that's a good idea right now, what they're doing?
00:45:28.000I think it's a good idea to do right now.
00:45:30.000I don't think in general it should be in the business of picking winners and losers, but there are some key industries we needed to get onshore.
00:45:37.000One of them was chip manufacturing, rare earth, mid-systems.
00:45:40.000Same thing with AI, producing pharmaceuticals.
00:45:44.000We shouldn't have to look to China for basic things like antibiotics and that stuff.
00:45:48.000Anything that we need for national security should be, we can.
00:45:51.000We can have a market, but have at least the basics.
00:45:55.000Even 10 or 20% of the manufacturing here, and then outsource the rest.
00:46:11.000What I mean is, this is a country, the West, founded on people who, what, 20% died on the boats coming to colonize, to conquer this country.
00:46:22.000These were people who colonized and conquered.
00:46:45.000China is racially supremacist, ethically supremacist.
00:46:48.000So if it is white people being split in half, and I know what I'm going to hear, I'm going to hear people say, It's because there's manipulation, because China's lying to people.
00:48:46.000Real quick, I guess I'm going to throw this in the mix as well.
00:48:49.000Why is it okay for you to go online and disparage white people as a racial and ethnic group, but literally nobody else?
00:48:56.000Why do Americans tolerate that this is the system, the culture that we live in?
00:49:02.000You're going to get stomped into the earth by literally every other country if your country says you're not allowed to denigrate any racial group, anybody, especially Asians.
00:49:21.000Well, it results in a lot of people saying, you know what, I'm not going to play by those games again or by those rules anymore.
00:49:27.000I mean, sooner or later, you might get right with Donald Trump pushing back on China.
00:49:32.000The question is, can Trump survive politically?
00:49:36.000I mean, I guess technically, literally, considering they tried to kill him several times.
00:49:39.000Well, it seems like the China hawks are really asserting themselves in the GOP long term.
00:49:43.000I mean, I think this Iran conflict, the Middle Eastern, I think that's kind of the last bastion of the older generations in the GOP, the neocons who are.
00:49:55.000It seems like this newer gen. I mean, you look at guys in the Pentagon, like Elbridge Colby.
00:49:58.000I mean, these are like serious China hawks.
00:50:00.000And I think as time goes on in the GOP, the consensus will sort of calcify around an anti China posture and probably leave Israel out of the equation.
00:50:09.000To be specific, too, when I brought up Palmer Lucky and what he was saying about China, beating China does not mean destroying China or invading them or militarily fighting them.
00:50:18.000It means being able to destroy them and choosing not to.
00:50:24.000One of the things that Palmer Lucky talks about a lot that I Totally agree with him.
00:50:28.000Is during World War II, we converted a lot of our existing industry to making products for the war effort.
00:50:36.000And nowadays, all of our technology, which is all of our advantage over other countries, it's all very, very proprietary.
00:50:47.000You know, the parts can't be made everywhere.
00:50:48.000And he's one of the things that he talks about with Andrew is he wants to be able to build weapons that are functional and that work well, but that you can.
00:54:04.000So don't just look at the stink bugs, look at all of the little things where we get jammed up, add them together, and ask yourself what our economic output has been reduced by because of these actions.
00:54:15.000China's looking at it like a game of blackjack.
00:54:38.000They're treating it like if we give ourselves a 0.1% edge and the U.S. tolerates the minus 1% disadvantage, From something as dumb as stink bugs, we win in 100%.
00:55:07.00030 years ago, two Chinese colonels wrote a book called Unrestricted Warfare, the thesis of which was Americans only understand warfare when it gets kinetic, when there's bullets flying and such.
00:55:18.000But actually, there are all these levels to warfare that we Chinese.
00:55:22.000Understand and from diplomatic to economic and financial, civilizational, you know, through Hollywood and things like that.
00:55:30.000And we're gonna, we're gonna, it's in our interest not to litigate kinetic with the United States, but to fight them on all these different levels.
00:55:38.000Strip their, and what you're talking about, they do all kinds of research on introducing, yeah, they've, we, the government has caught Chinese people releasing pests, various kinds of pests in our Midwest.
00:55:49.000Do you remember when people were getting mailed bags of seeds from China?
00:57:22.000And it seems innocuous enough, you know?
00:57:25.000The opium, this is an extension of the opium wars, basically, since the 1850s when the British went into China from the east and poisoned them with opium.
00:57:33.000And they did it multiple times, I think, two opium wars, 10 years each.
00:58:53.000They're in a real population upside down, wedding cake kind of problem.
00:58:59.000And also their economy probably reached on a purchasing power parity, reached 75% of ours, and it tipped, and now it's shrinking versus ours.
00:59:08.000So we actually have all we have to do at this point is, I'd say, kind of rope a dope or keep enough pressure on and not fall.
00:59:47.000I think that the thing that distinguishes so many jobs is intelligence.
00:59:55.000Intelligence is now, 200 years ago, before we had chemical power, having a physically strong person made you a better blacksmith than the other guy.
01:00:06.000After we had chemical power, I harnessed that, industrial power, that stopped mattering so much.
01:00:13.000Personal intelligence is going to matter less and less because of AI.
01:00:18.000I think that we need to not be subverted and not forget our principles, and time will take care of China.
01:00:27.000If we just, but we don't want to get in a hot war.
01:00:29.000But doing things like taking in the chip manufacturing industry from Taiwan, which required government investment to do things like that, actually are part of that program.
01:00:39.000Regarding like staying true to our principles, I thought on the drive over here, like, is what's going to happen?
01:00:46.000Is like, is AI going to learn, like, don't cast your pearls before swine, Christian?
01:00:49.000You know, like, don't give these idiot humans what they want if they're bad people and it will select amongst us the Christians.
01:00:55.000And like, and what I mean by that is the virtuous.
01:00:57.000Like, is it now the time to like extol virtue and just stick to the virtue?
01:01:27.000The Anthropic, that new terms of service where they're like, you can't be cruel to the AI because it's training is like they're forcing you to be kind or at least to not be.
01:01:37.000And the reason for that is people think it's like they're treating the AI like it's alive.
01:01:42.000No, they don't want the output of the AI to be as mean as the input.
01:01:49.000That's why they're saying stop being mean to it because it's training it to be mean to the customers.
01:01:54.000What I will say is last night I was talking with my brother about how Pokemon is basically cockfighting for kids.
01:02:02.000And I've loved Pokemon since I was a little kid.
01:02:04.000I remember when the show first came out, I bought it on Game Boy.
01:02:07.000As I got older, I was kind of like, it's kind of weird that the story of Pokemon is a 10 year old.
01:02:12.000He like turns 10, and they're like, well, son, you're 10 years old.
01:02:43.000And then you're like, You have a cockfight in the middle of the street.
01:02:45.000And I'm like, It's a joke about the point of Pokemon.
01:02:48.000But as I'm sitting there and I'm doing all of this, I loaded up Legend of Zelda, Link to the Past, told Claude, decompile the game and recompile it and give Link new abilities.
01:03:30.000Like, it's called, I forgot what the whole suite is called, Evercraft or something.
01:03:35.000But I'm like, there's an open source clone of Adobe Premiere for free.
01:03:39.000The Adobe Corporation is going to evaporate overnight.
01:03:42.000They have absolutely no means of surviving right now, except for the fact that major corporations that are spending stupid amounts of money for their subscriptions don't know it's free now.
01:03:52.000Now, don't get me wrong, Adobe is iterating and updating and improving, but it won't matter.
01:03:58.000If you can get a free version that's half as good, that speaks light years.
01:04:03.000What is happening over the past few months and what we're watching, we are at the curve of AI, and we're here, and it's just going straight up.
01:04:11.000I don't know how we have an economy in six months because I'm going to give a shout out to my friend, George Alexopoulos.
01:04:17.000And I say this with love, but dude is going off about how AI is fake and it's worthless and it's bad.
01:04:25.000I'm going to say it like it is, George.
01:04:26.000I'm not saying this to be mean to you because you're a good dude and you make great art.
01:06:48.000We just kind of forgot we wanted to hire for this.
01:06:50.000Because now, if I want to make my short films, I go on Seed Dance and click a few buttons, and in 20 minutes, I've got my two minute long little mini film.
01:06:57.000This is, I really believe we are in the apocalypse right now.
01:07:22.000So, this is why I'm concerned about what the economy actually means.
01:07:26.000Economia means like to take care of the home.
01:07:29.000So, we don't need money to have an economy, and we just need data to be moved and Information and matter to be moved to the right place at the right time.
01:08:17.000Why do all the big tech guys all of a sudden say, We got to slow this down?
01:08:20.000Every single Microsoft program is about to be free online.
01:08:24.000Understand what it means for all of these ultra wealthy.
01:08:27.000Bill Gates, AI could kill a billion people.
01:08:30.000Yes, before it does that, people are going to load every single Microsoft program, decompile it, clean room reconstruction, and now every operating system, every program is free.
01:08:42.000The problem with going to the government and asking them to slow down is yo, if the US stops, the Chinese will do it anyway.
01:09:16.000You don't have, you don't even you don't have to know how to code or know anything about any of the programs that we're even talking about, You're just going to say to the agent, I want to do this.
01:09:26.000When you do this and do this and do that, and it just does it for you.
01:10:36.000We will thrive with more power, but we are also probably the most powerful country on the planet.
01:10:41.000Well, you're not talking about electrical production because China actually produces more energy than we do now.
01:10:46.000Yeah, it's a big power as a general term because explosive force, you know, economic power.
01:10:51.000I want to just say something to you guys Adobe generates roughly 96 to 97% of its revenue from subscriptions.
01:10:58.000In fiscal 2025, total revenue was $23.77 billion.
01:11:02.000Digital media, Creative Cloud products such as Photoshop, Illustrator, Premiere Pro, After Effects, and related tools, plus Document Cloud, was the largest piece at $17.65 billion.
01:11:12.000Right now, every single piece of software in the Adobe Suite was cloned, cleanroom, rebuilt with new code.
01:12:05.000Well, I found a program called Filmcraft and I took a look at it.
01:12:09.000And it said that it was a great video editor.
01:12:12.000And I opened it up and I was like, this is identical to Premiere.
01:12:16.000And I saw these videos online where people were explaining that somebody decompiled the entire Adobe suite and told AI to rebuild it from scratch with new code, and it did.
01:12:28.000And now a $17 billion revenue program suite is free.
01:13:04.000To a hammer, everything looks like a nail.
01:13:06.000I've worked in media my whole life, editing skateboard videos with my friends as a kid, making websites, flash animation, and video games, to then getting a job working in my 20s with various media outlets producing things.
01:13:19.000And I have seen software every step of the way, the importance of it.
01:13:24.000So, when I wake up one day and I'm told, hey, you know, every corporation has to pay this massive subscription fee for all these programs, that doesn't exist anymore.
01:14:27.000You need to make a CLI for your company so that Claude can download and Install your CLI so, like Delta, I should be able to download Delta's CLI so that Claude can talk to Delta in the background on the CLI.
01:14:40.000So, I don't need to go to Delta's website.
01:14:41.000I mean, everybody with the CLI will have that's their input for all the input.
01:14:45.000You're adding an extra step because Delta's already got a website and Claude can go to the website and use it.
01:14:50.000No, but that requires desktop control and all these inputs.
01:14:52.000The CLI is the most basic, easy way to connect the internet in the background.
01:14:56.000You want to know what I've heard from everybody?
01:14:58.000Is when I say things like, why would you?
01:15:06.000And I've heard from other people, well, the issue is that we've got a lot of our project files are already in Adobe, so we don't want to switch.
01:15:14.000And I'm like, if you're talking about spending, you know, what, 10 plus thousand a year or whatever you do on the suite, depending on the size of your firm, even more if it's bigger and you've got hundreds of employees, I'm telling you right now, sooner or later, some old person, some accounting guy is going to come in and they're going to be like, I don't care.
01:15:32.000If it's going to take you 48 hours of hard labor to convert, And rebuild these files, you're doing it.
01:15:39.000Because once we do, we drop that expense forever.
01:16:31.000It said it could, but yeah, I don't know.
01:16:33.000You've got mathematicians are crying because their whole artistic, the hero age of mathematics where you had like a math that you could revere, that's gone.
01:16:44.000So they're crying because Moderna also is freaking out because all their patents are about to get lit up and opened.
01:16:50.000So I was talking to this physicist, this is a physicist like 20 years ago, and we were talking about why science is so hard to change, like Galileo, right?
01:17:01.000And he was like, here's the thing they keep slapping new dimensions on their attempt at a unified theory, string theory, M theory, because they can't explain some things.
01:17:11.000So imagine you've spent 30 years of your life working on a math problem only to find out it was wasted because the math problem was wrong.
01:17:18.000You are going to be particularly angry at anybody who dares tell you that 30 years of your life was wasted.
01:17:23.000Yeah, dude, I picked up the Toroid universe.
01:17:30.000The point I was trying to make we had an article where it said that mathematicians started crying because there was, for example, a guy who was working on a math problem for five years, and then OpenAI goes, Oh, we solved that in a week.
01:17:44.000And then he's like, But everything, my entire life, everything I was doing, every day I woke up, Gone in an instant.
01:17:51.000I had a buddy, and maybe let me ask you this question, Patrick.
01:17:54.000What age did you become, as you describe, wealthy?
01:18:00.000I was about 30 when I made a million dollars, million and a half dollars.
01:18:03.000I had a buddy who said that he became a millionaire at 16 in tech.
01:18:08.000And he said that one thing that he experienced was a depression almost right away.
01:18:13.000And that most of the people he knew who got wealthy really quickly experienced an existential crisis because.
01:18:22.000They solved a problem, and when the problem was solved, they did not have a problem to solve anymore.
01:18:26.000And they were sitting there and they were like, I don't care about the money.
01:18:28.000Like, every day I woke up and I was working on this thing, and then one day we solved it, and then I didn't know what to do with myself.
01:18:44.000I had a friend of mine, and actually, Phil might be able to speak to this, but I had a friend in Seattle who was friends with a famous musician, and they said that after his record exploded and he became like platinum and made it.
01:18:55.000Stupid amount of money, he got super depressed.
01:18:57.000And what happened was he was working really, really hard every day.
01:19:00.000He'd go to work, like recording and making music.
01:19:03.000Now he's got, you know, $30 million in the bank.
01:19:06.000They're kind of in a holding pattern on the next few albums.
01:19:09.000And so he's just, they were like, he calls me up and he's like, what are you doing?
01:19:25.000I mean, boxers, this is well demonstrated in boxing, is the, First few days after a fight, like you need to keep an eye on the boxer because it's called the adrenaline dump.
01:19:34.000When you're building up to this event, you know, for months, in many cases, the event culminates, adrenaline's at all time highs.
01:19:41.000Your hormones are completely out of whack after the fight.
01:19:43.000So they, like a lot of boxers, they have to have guys on them at all times to make sure they don't do something crazy because they're going to be so depressed because of that.
01:19:49.000Well, I've said it a million times adrenaline.
01:19:51.000Just like Lindsey Clancy was with postpartum depression.
01:19:53.000I think we're like seeing the end of what I would, I guess, call the research industrial complex where people are getting paid to research stuff.
01:20:01.000Like you don't need, dude, figure out what you were looking to figure out and then start trying to figure something else out.
01:21:23.000I go to somebody I know, outside of this room, obviously, people who are not in politics, and I say, the economy is going to implode in six to 10 months.
01:22:33.000To imply that I have not tried every possible thing to clone my voice.
01:22:37.000Yeah, but have you run like a training bot program on the guy in your computer and then sat there for 140 lines of you saying a word sentence after sentence after sentence and then done it again and again and again because you need like five different training mechanisms and it's using all your YouTube videos.
01:26:09.000But it would be, and it's terrifying when, and maybe in a few months, we get to the point where voice replication can grab emotion at the right points.
01:26:18.000Like, imagine if Eleven Labs knew that when it was like, hey, in the style of Tim Pool, and it's me going, so Donald Trump came out today and he had a crazy thing to add on the latest story about Katie Sagra saying, you can't come out of my girl.
01:26:32.000And like, it knows just to start doing a Tim Pool Trump impersonation.
01:26:36.000When we get there, it's over because what's going to happen is not necessarily me, but.
01:26:42.000There's a high profile, right leaning personality who told me two years ago they had 3D scanned their body and done voice training to create an AI version of themselves.
01:26:52.000And I wouldn't be surprised if the videos they put out of them talking actually are AI at this point.
01:26:57.000Because they said that was their intention.
01:26:59.000I think that's actually a reasonable way to make money in the future in this economy, the shifting economy is sell your persona via AI to people that want to download it.
01:27:25.000Like, I mean, that might work for like the 500,000 people that have a Wikipedia page, but like the average person that doesn't have an online persona, that doesn't have something they're selling or a personality that they're selling, does them no good.
01:27:40.000So, one of the theories that I've talked about with people in media is that we're going to enter an age of no, there will be no more opportunity for a user, a random person to become famous.
01:27:53.000So, the idea is back when the radio waves start getting utilized.
01:27:58.000Everybody's just doing whatever they want.
01:28:00.000So that means if you got the means, you can set up a broadcast tower and tell all your friends, hey, I got a tower.
01:28:06.000If you get this radio, I can sell you one.
01:28:26.000It's not so much going to be illegal, but what's going to happen is, You know, I've got a collective 13 or 14 million followers across all platforms, which means if I put out a video, I can make a brand new channel right now.
01:28:39.000Here's a good example The Tim Pool Show is 100,000 subs.
01:28:43.000However, we cross post all the shows to 6.5 million subs.
01:28:48.000So I do a brand new podcast and we're hitting on average 600,000 views per episode just because we're placed algorithmically.
01:28:56.000People know my name much, much smaller than where, say, Bill O'Reilly, Bill Maher, or whoever, you know, Joe Rogan.
01:29:04.000But if every single person on the planet can produce the same content, what advantage does anyone have to get in and make a prominent show?
01:29:14.000They don't, because I can do the same as them.
01:29:16.000How will a regular person compete with Tim Pool having all these followers?
01:29:21.000So, with our algorithmic access where it is, you're not going to be able to break in anymore.
01:29:26.000And one theory, hypothesis, is that the future is going to be the ladder has been pulled up.
01:29:32.000Technology has granted you the ability to make a show, but it won't matter because nobody wants to watch a new face.
01:29:38.000Unless their genetics are superior, I have a feeling that the AI is going to start selecting algorithmically the people with the best genetics to promote.
01:30:57.000Here's the thing: placement who's going to be better at selling porn to guys, a team of men running a business who are AI generating women or a single woman?1.00
01:31:08.000This is why already the top female, uh, top OnlyFans have managers and have staff that send messages.0.95
01:31:16.000If you no longer need the female's body, you can just AI generate whatever you want, then the women are not going to be able to run these OnlyFans.1.00
01:31:22.000You might get a business woman doing it.1.00
01:31:24.000I'm just saying the actual OnlyFans model being famous, it'll be AI.
01:31:37.000I can't make any bigger than this, unfortunately, but we're going to play it and we're going to talk about boomers versus zoomers and why I think boomers are in trouble.
01:32:22.000So, I see that you did two masters and two internships, but we are actually looking for someone with four masters and ten years of experience.
01:32:33.000Maybe if you do a little dance for us, we can give you a tryout?
01:33:28.000Yo, I've never seen more effective anti boomer propaganda than that last bit where they say, get up and pay my social security because we saw the polling.
01:33:37.00085% of boomers think Gen Z should be taxed more to pay their bills.
01:33:41.000Yo, if I was a Zoomer, I would be, I'd probably be.
01:33:48.000Let me say it like this I don't like communists, I don't like socialists, but you better damn well believe if I was like 24, I would be the most famous communist in the country and I would have millions of followers and we would overthrow the political machine.
01:34:01.000To enact communism only for the purpose of burning it all down because of that.
01:34:05.000Yeah, that's the majority of people that are communists.
01:34:09.000They have the ulterior motive of destroying the United States.
01:34:14.000They think the system that we live in is terrible and unfair and unjust.
01:34:19.000And to be honest with you, there are unfair things in the system that we live in.
01:34:24.000And so, what impulse do they have to buy in?
01:34:29.000They don't own property, they don't have prospects for, you know, Improving their life, and they've got a ton of propaganda telling them that things are not going to get better and blaming it on both boomers and the rich.
01:34:43.000So they have no reason to think, oh, I can make my life better.
01:34:47.000Like just the idea that boomers, whether they succeeded or not, had the opportunity and are now all saying, you should pay more in taxes for me.
01:35:05.000There's a common denominator to a lot of these problems like that, which is that I'm at the end of the cusp of Boomer and whatever came after Boomer, and that we basically lived above our means.
01:35:19.000And we initially were writing checks on each other's bank accounts.
01:35:26.000We found ways you could work from the 1930s forward to organize political groups, pressure groups, and write checks on other people's bank accounts.
01:35:34.000About 1980, That had become impossible.
01:35:37.000Everyone had gotten organized up, old people, different kinds of people.
01:35:40.000We found a group that we could write checks on that bank account and no one could organize to stop us.
01:35:46.000It was the group of future human beings.
01:35:49.000And one way or another, whether you're talking about the environment or social security or a host of problems, we wrote checks on your bank accounts and then you guys came along.
01:35:58.000Sorry about that, but I was one of the ones fighting it.
01:36:01.000The only people fighting it were the Milton Friedman guys, the libertarians saying we should stop writing checks on the bank accounts of the future and keep government small.
01:36:09.000But the more government got into that business, the common denominator of these problems is that the boomer generation wrote a bunch of checks on your bank accounts.
01:36:17.000By that, do you mean that they printed money?
01:36:20.000That or the social security system is itself like a life insurance company that's not being run or a pension company not being run on actually sound principles.
01:36:30.000I would abolish it day one if I was emperor.
01:36:35.000There's ways through this, and it does require you got to handle the transition so you don't cause huge human suffering.
01:36:52.000And I'll be damned if I'm part of a society or a country that says we're going to sacrifice the young for the benefit of the old.
01:36:58.000So the problem is right now, millennials are buying their first homes at 40.
01:37:03.000Already a problem that our economy is to the benefit of the elderly.
01:37:07.000But part of that is, you know, there was a Federal Reserve, I think St. Louis, came out a few months ago with a study.
01:37:13.000The illegal immigrant population in America is adding 30% to the cost of buying a home, 20% to the cost of rent, or maybe have that backwards.
01:37:25.000And Trump even said before he wanted to keep prices up because boomers are the strongest voting bloc and they own, on average, boomers 75% of boomers own a home and many own multiple homes.
01:37:39.000So if you're a boomer and you own three houses, you don't want their value going down.
01:37:43.000So you're voting for keeping it propped up, which means mass migration to the detriment of Gen Z.
01:38:36.000At a certain point, probably in the 2030s or 2040s, when boomers start dying off and losing their voting power, you're probably going to see really, if the left doesn't get into power before that, you're going to see some heavy redistributionist policies.
01:38:48.000And to Tim's point, I mean, if the right's not taking it seriously, it is what it is.
01:40:23.000You'd probably be like, well, let's say zero to four would probably be the most essential time to provide some sort of income from the state.
01:40:30.000I don't think the end of your life is really that important.
01:40:32.000Yeah, I'm not that kind of libertarian.
01:40:34.000In fact, Milton Friedman had an answer to all of this.
01:40:37.000Milton Friedman's answer was it's two things.
01:40:41.000You have to do both of them a flat tax coupled to UBI.
01:40:45.000And we're going to have our social programs are going to bankrupt the U.S. at some point.
01:40:51.000What we need to do, I believe, is or the Austrian perspective is you introduce a new currency, probably this one you make sound like tied to gold or a basket of assets.
01:41:01.000You run like France did for a couple years in the early 90s, where you've got the French franc and you've got the euro, and you introduce the other currency.
01:41:12.000All these social programs are going to Chernobyl in the U.S. dollar.
01:41:17.000But in the new currency introduced with a flat tax and a UBI.
01:41:21.000And that's how, as AI and robotics suck up all the jobs, there's got to be some mechanism to share that largesse with society.
01:41:29.000Otherwise, there's two ways we can go about it.
01:41:31.000And one is the way that I think the left wants to do, what Biden and Obama want to do, was it's now there's a business model that basically 5% of humanity can escape with all the benefits and learnings and technology of 3,000 years.
01:41:45.000And what they need to do is set up an authoritarian structure.
01:41:49.000So, you can starve off the other 95% and you create a Hunger Games world for five to 10, 15 years, and you can.
01:43:32.000The issue is this a society cannot function when you have a percentage of people giving free access to economic output from people required to produce.
01:44:01.000I don't know if it's true or not, but the story goes that a high school teacher was explaining capitalism and socialism to their students, to his or her students, and said, What we're going to do is to explain output in socialist systems, we're going to average all test scores and give everyone the same grade.
01:44:20.000So, test comes this week, everybody takes the test.
01:44:25.000The kids who worked really hard and were smart should have gotten A pluses, they got Bs because their average was brought down.
01:46:48.000Then they can go to Taco Bell, paid for by robots.
01:46:51.000So the cost of the robots are low, but if we're giving money to people for free, if we're taking 30% of the costs of the revenue from the Taco Bell to give to the people dispersed evenly, how will they have enough to generate more than 100?
01:49:33.000Here's the problem that we, I think you have 90, 95% of the workforce gets eliminated over the next five or 10 years through AI and robotics.
01:49:41.000So either we have a system that is authoritarian and they just sort of get locked out and starved out, hunger games, or you have some way of spreading the benefit.
01:49:54.000One of the challenges we have right now is that a lot of jobs don't need to exist, but have existed for the purpose of the economy.
01:49:59.000And this is what we saw with Obamacare.
01:50:01.000When one of the arguments as to why we don't streamline and eliminate a lot of the problems, you know, why don't we do like a universal healthcare system?
01:50:08.000It's because healthcare administration is 20% of our economy.
01:50:12.000We need there to be a reason that people trade for value.
01:50:16.000Otherwise, we could have eliminated a lot of these useless jobs a long time ago.
01:50:19.000Why doesn't the health insurance companies do that then?
01:50:24.000If they can, or if a hospital can eliminate those jobs and maximize the profit, why aren't they doing it?
01:50:32.000You know, why the government bailed out the auto industry, why there are special rules put in place that insurance companies have to do certain things and can't do other things.
01:50:41.000And I think the answer is the people who have access to power and are ultra wealthy are like, tell me what to do so I can keep running the system and be rich.
01:50:49.000And the government's like, don't change anything because these people have to have the jobs.
01:52:08.000Don't you think we're pretty close between AI and robotics of having Star Trek replicators?
01:52:13.000To a certain degree, but again, there's still property and IP and things like that.
01:52:16.000And the problem is there's going to be this gap that I think we're already seeing where someone says, look, From where I am to where you are to being wealthy and having more is so far.
01:52:31.000I'd rather just hang out on my friend's farm and smell the flowers.
01:52:36.000Some people, but if you want to have a wife, you got to earn.1.00
01:53:29.000That and it's be more like $2,000, $2,500 a month is where this would start.
01:53:35.000And the idea is like our current way of redistributing wealth and providing a social safety net is actually creates great economic incentives to break up the family.
01:53:45.000And we've learned over the last 60 years that really bad things happen when you break up families.
01:53:50.000So you want to create a UBI that basically any two adults can get together, live, survive, and maybe even raise two kids on.
01:53:57.000That and but if you want more than that, you're going to be working.
01:54:01.000Yeah, I don't see what the solution is then.
01:54:05.000The alternative solution for if AI and robotics are going to eliminate 90% of jobs, eliminate 90% of people, or do you create some safety that they can?
01:54:16.000I don't know if one of my favorite lines, you ever see the movie Snatch?
01:54:20.000Is when the dude's like, don't drink milk, it's out of sync with evolution.
01:55:17.000But the rate of change we're seeing with antrobotics is terrifying.
01:55:20.000I don't know how you have a society where there's a guy who has to be a farmer who turns on the TV and sees illegal immigrants getting free housing.
01:55:30.000And he's sitting here being like, I wake up and break my back every single day.
01:55:57.000I'm saying in a world where the average working class Joe, who still needs to exist because only 49% of jobs were eliminated, sees refugees and other people getting free money off of his tax dollars, he wakes up every day and he makes a birdhouse.
01:56:13.000And then a guy walks in and buys it from him with money he got from the government out of his tax dollars.
01:56:17.000He's going to say, why don't I be them?
01:56:20.000Why am I the one sucker having to work?
01:56:23.000I'd rather get paid less, but get to relax and not stress.
01:56:28.000I don't think that's the human condition.
01:56:30.000People aren't built to sit around, they're made to create.
01:57:04.000They stop breeding, they become gay, they, and that's not an insult, they start grooming themselves, then they rip each other to shreds, their gums bleed, and they die.
01:57:26.000I think that, look, we're really close to matter replication.
01:57:30.000What they're doing at CERN by smashing particles together is they're creating hadrons, which is a state of quark where it can become a proton or, honestly, it can become an electron.
01:57:42.000You can take electrons and turn them into protons.
01:59:48.000It is possible to build a system with some kind of universal income, but it can't happen overnight and requires generations of change.
01:59:57.000Humans do not do well without something to do.
02:00:00.000Idle hands are the devil's playground, right?
02:00:03.000What we're watching right now is far left extremists with no purpose, firebombing, shooting, shooting up Tesla, all this crazy stuff, fighting ice.
02:00:30.000Women want status with the best man or among their peers, and men want to accomplish.
02:00:35.000If you take away success and replace it with uniformity through automation, people are going to go insane.
02:00:42.000More importantly, Adobe is about to dissolve.
02:00:47.000I'm not suggesting anyone, I mean, I got to be honest.
02:00:50.000I'm going to talk to my financial experts about shorts on Adobe right now.
02:00:56.000Because their principal revenue stream is a software that is free.
02:01:00.000It reminds me of that scene from Iron Man where Jim Cramer goes, Stark Industries, that's a weapons manufacturer that doesn't make weapons.
02:01:10.000There's a software company that sells software that you can download for free.
02:01:14.000I'm like, what happens to all of those employees in six months when you start seeing all the corporations come in for their quarterly one assessment or Q1 assessment and they're like, hey, we can shave $50,000.
02:01:27.000Per quarter by eliminating our Adobe subscription and shifting to the Artcraft suite.
02:01:31.000I think there's a lot of people who will be focused on damage control, which is kind of how we're going talking about UBI.
02:01:35.000And then a large amount of people will be focused on creating the next phase, which is matter replication or matter fabrication.
02:01:42.000And I think with matter fabrication, the upside and the white pill is that the most valuable commodity on the planet.
02:05:33.000We don't expect you to be an investor or anything with this money.
02:05:37.000So, what we end up seeing with automation is that the guy who owns the Taco Bell franchise gets rid of all his employees and robots make the tacos and he has kiosks.
02:05:46.000Let's say that this actually works and they say, we're going to tax you at 30% from all the revenue generated so that we can disperse it among the people so they can buy the tacos.
02:05:54.000The first problem I bring up is taxing 30% of the revenue to fund 100% of the purchases is impossible.
02:06:01.000But let's just say, hypothetically, you find a math solution to that problem.
02:06:06.000Because the individuals who aren't working, so like basically, they have to find value elsewhere and bring to Taco Bell.
02:06:12.000So the revenue generated is 120% of the costs required.
02:06:18.000But if your funding is only 30%, the idea is we're stripping it from all of the businesses and then directing them in market means to better businesses.
02:06:27.000Okay, let's just hypothetically say that works.
02:06:29.000The end result is there's going to be a very small amount of ultra wealthy individuals.
02:06:33.000At the same time, these people are saying billionaires shouldn't exist.
02:06:36.000So, you can't have a political system of ideologues saying no wealth, communism, but also only a few individuals who want to work to make more are the ones who should.
02:06:45.000You might have like smart contract corporations that are just AIs, like Taco Bell could become an AI, and then it's not trying to make money, it's just trying to serve you.
02:06:55.000Again, the question is if you have a business and you say we're going to tax 30% of the revenue generated to fund 100% of the input, how does that make sense?
02:07:04.000Suppose we were talking about a modest UBI of $2,500, and there's Something for healthcare built into that.
02:07:13.000$30,000 a year is, or two people together get $60,000 a year.
02:07:19.000For some people, they are going to form a household and just live off that and play Grand Theft Auto.
02:07:26.000Others are going to, well, I think you do something like this fairly modestly as a way to absorb the layoffs that are coming.