Valuetainment - January 29, 2024


“El Loco” - Javier Milei SHOCKS the World Economic Forum Defending Capitalism

Topics
capitalism vs. state control Vault Conference 2024
Hosted by
Patrick Bet-David
Mentioned
Javier Millet P.B.D. Poskett Klaus Schwab Javier Malay Mike Tyson Tom Brady Value Tim RF King Madman Kick
Doomsday Prepping： From $1,000 Kits to Billionaire Bunkers “Fog of War” - The Scary Truth About Ukraine and Russia

Episode Stats


Length

11 minutes

Words per minute

225.83

Word count

2,632

Sentence count

242

Harmful content

Misogyny

2

sentences flagged

Toxicity

8

sentences flagged

Hate speech

3

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Javier Millet's rant at the World Economic Forum in Davos, Switzerland is a must-listen. It's a brilliant rant that will make you proud as a capitalist to not let the state make you play defense, instead of constantly playing offense.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.080 Do you know what Javier Millet's nickname was when he was a kid?
00:00:02.440 His nickname was El Loco, Mr. Madman.
00:00:04.400 You know why?
00:00:05.400 Because he had a temper.
00:00:06.400 He was angry.
00:00:07.400 He liked sports.
00:00:08.400 He liked all these other things.
00:00:09.400 He liked football.
00:00:10.400 And then all of a sudden, when he's growing up, it's like, what the hell is going on to
00:00:11.760 the country here?
00:00:12.760 So he gets obsessed with capitalism, von Mises, Hayek, Road to Serfdom, fully obsessed.
00:00:18.400 He was a professor.
00:00:19.400 He had all these rants on TV that he would do, and then eventually he runs for office
00:00:23.240 and he becomes a president and gets invited to the institution, the organization that
00:00:27.560 he criticized publicly, nonstop World Economic Forum, and they're expecting him to go on
00:00:32.960 stage and give an angry rant so Klaus Schwab can say, look at this man, he's not under
00:00:37.560 control.
00:00:38.560 And he goes on stage and gives a message, so beautiful, direct, based on stats, data, history,
00:00:46.880 silences everybody.
00:00:47.880 It's 23 minutes.
00:00:48.880 If you haven't watched it, I'm going to choose a couple parts of what he gave this speech
00:00:52.320 up, which I have all the data here, but he said a couple things that I want to talk about
00:00:55.440 in this video, which is going to make you very proud as a capitalist to not let the state
00:01:00.560 make you play defense, instead constantly play offense, simply based on a message that
00:01:05.080 he gave.
00:01:06.080 So if you get value out of this video, give it a thumbs up and subscribe to the channel.
00:01:08.400 Let's get right into it.
00:01:09.400 So imagine in the 1800s, 95% of the world is living in extreme poverty, 1800.
00:01:16.880 Everybody's trying to figure out what the hell are we going to do to get 95% of the world 0.95
00:01:22.200 to not be controlled by the powerful government leaders that are putting their thumb on.
00:01:26.080 You better do this or else.
00:01:27.160 And everybody's poor and afraid, right?
00:01:28.960 Just trying to take care of their wife and kids.
00:01:30.600 And then the industrial revolution starts.
00:01:33.320 Capitalism starts today, pre-pandemic, less than 5% extreme poverty worldwide due to capitalism.
00:01:39.840 This is one of the things Javier Malay talks about.
00:01:41.560 And he continues while he's giving these stats.
00:01:43.320 And everyone's like, what is this guy talking about?
00:01:44.800 You can't give a message like this.
00:01:46.160 And then he says this in front of everybody.
00:01:47.520 He says, countries that have more freedom are 12 times richer than those that are repressed.
00:01:53.180 The lowest percentile in free countries is better off than 90% of the population in repressed countries. 1.00
00:02:01.240 Meaning free market, free capitalism.
00:02:03.500 He continues, poverty is 25 times lower and extreme poverty is 50 times lower.
00:02:09.620 And citizens in free countries live 25% longer than citizens in repressed countries.
00:02:15.340 So imagine to the audience, you're giving a speech.
00:02:17.320 So if you're giving a speech to an audience, like I remember being a financial advisor.
00:02:20.660 I'm 21 years old working at Morgan Stanley Dean with a 22 years old.
00:02:23.660 And I'm talking to an audience of 30, 65 year olds.
00:02:26.620 And I get up on stage and I say, imagine if one day you have a Ferrari, nice car, and you're traveling all over the world.
00:02:32.260 And you live in this big house.
00:02:33.440 And I see nobody from the audience was interested in my message.
00:02:36.020 And afterwards, my guy comes up and says, listen, why are you selling this to these people who are not interested in your message?
00:02:41.880 And they looked at me funny.
00:02:43.340 They're like, they want a nice slow car in a very small house with least amount of cleaning to do.
00:02:49.200 They want the least amount of stress. 1.00
00:02:50.660 This guy gets up in front of the audience of World Economic Forum and tells him, you guys are all full of shit is what he said. 0.99
00:02:57.860 He says, you're trying to control the world is better without you guys getting in their way. 0.99
00:03:01.920 Let them be free.
00:03:03.080 Don't bother free people.
00:03:05.240 Stop trying to control people because this is the solution to being free and being healthier and getting rid of poverty, not some of the nonsense ideas that you have.
00:03:16.340 He says it to their faces in a calmest tone, not the typical tone you have your melee in.
00:03:21.560 Then he continues because everybody says, you know, all these companies going out of business is capitalism's fault.
00:03:26.240 He says, wrong.
00:03:27.460 It's impossible for there to be market failures.
00:03:30.600 What does he mean by this?
00:03:31.500 The market is not a mere graph describing a curve of supply and demand.
00:03:35.580 The market is a mechanism for social cooperation where you voluntarily exchange ownership rights.
00:03:41.280 Therefore, based on this definition, talking about a market failure is an oxymoron.
00:03:45.660 There are no market failures.
00:03:47.400 If transactions are voluntary, the only context in which there can be market failure is if there is coercion.
00:03:54.800 And the only one that is able to coerce generally is the state, which holds a monopoly on violence.
00:04:02.920 There is only monopoly with the government getting involved and creating regulation for all others.
00:04:08.140 He's trying to say there is no such thing as market failure.
00:04:11.140 And socialists and those who work for the state who want to overregulate everything can't stand that message.
00:04:16.280 They want all the blame to be on the capitalist.
00:04:18.840 And then he continues to take shots at the states.
00:04:21.020 And here's what he says.
00:04:21.720 Today, states don't need to directly control the means of production to control every aspect of the lives of individuals.
00:04:28.620 The states use tools such as printing money, debt, subsidies, controlling the interest rate, price controls, regulation to correct so-called market failures.
00:04:40.480 Does that remind you of any country?
00:04:42.260 Maybe the freest country in the world at one point.
00:04:44.360 Maybe the greatest country in the world.
00:04:46.220 Does that remind you of what's going on in America?
00:04:48.140 Isn't this kind of affecting some people right now?
00:04:49.960 These are all the mechanisms the state uses to destroy the economy rather than getting out of the way.
00:04:56.100 And last but not least, he gives a direct message to all the business people around the world, which I love.
00:05:00.800 Here's what he says. 0.81
00:05:01.680 Do not be intimidated by the political caste or by parasites who live off of the state. 0.78
00:05:07.120 Don't be intimidated by the people that live off of the state because they make you feel guilty.
00:05:10.480 Do not surrender to a political class that only wants to stay in power and retain its privileges.
00:05:16.100 They get to live their life by pulling a card and saying, I'm a senator, I'm a congressman, I'm a president, I'm president's son.
00:05:23.240 Wink.
00:05:23.800 This is okay.
00:05:24.740 Let me do this.
00:05:25.640 If you do this, I'll do this for your father.
00:05:27.560 I'll do this with my father.
00:05:28.920 All this stuff.
00:05:29.620 He says, do not surrender to a political class that only wants to stay in power and retain its privileges.
00:05:34.940 It's like a membership you have to a country club.
00:05:36.740 You get to go on if you have that card.
00:05:38.240 The political class doesn't want to give up that membership.
00:05:40.280 They want to control because a lot of weird benefits comes with this card that they have, such as insider information that I get to invest into certain companies that you don't get to do.
00:05:49.060 I won't go to jail, but if you do it, you would go to jail.
00:05:51.960 That's called political class. 0.96
00:05:53.460 You are social benefactors.
00:05:55.160 What does it mean?
00:05:55.780 It's not the government that makes the society a better place.
00:05:58.640 You do by creating jobs.
00:06:00.500 You do by starting a business that maybe competes against the guy across the street because your coffee is cheaper.
00:06:05.100 Your burger is cheaper.
00:06:06.100 Your service is better.
00:06:07.200 You are the social benefactor.
00:06:08.860 You make the world a better place, not the government.
00:06:11.900 You are the heroes.
00:06:13.000 I've been talking about the biggest problem in America the last four years is the hero-making machine we have in America.
00:06:18.720 Kids have no clue what hero to look up to.
00:06:21.680 Do I look up to that person that's a guy dressed like a girl? 0.99
00:06:24.460 Do I look up to this person?
00:06:25.780 Who the hell do I look up to?
00:06:26.600 I don't know who to look up to because we're confused.
00:06:28.880 No.
00:06:29.480 Job creators.
00:06:30.560 You work your ass off.
00:06:32.380 You're a hero.
00:06:33.180 This is not easy.
00:06:34.280 It's very, very hard.
00:06:36.380 You work day and night doing what you're doing.
00:06:38.500 Capitalists, for some of you that are executives, working for a company, helping to grow.
00:06:42.420 You're working on a Saturday late at night.
00:06:44.180 You're putting up a plan together.
00:06:45.360 It's not easy.
00:06:46.660 You are a hero to society.
00:06:48.500 You make sure companies stay around to keep those jobs for people that are making $50,000 a year, $100,000 a year, $150,000 a year.
00:06:54.720 And for the customers that are buying the product, you are the hero.
00:06:58.180 Not enough people are recognizing you.
00:06:59.900 He's saying it very aligned message with what value attainment stands for because you make the world go around and we salute you.
00:07:06.760 You are the creators of the most extraordinary period of prosperity we've ever seen.
00:07:12.360 You.
00:07:12.900 Let no one tell you that your ambition is immoral.
00:07:15.840 Oh, you're too ambitious.
00:07:17.280 Why do you do this?
00:07:18.200 What else do you need?
00:07:18.960 How much more money do you need?
00:07:19.860 How many more cars?
00:07:20.540 Why do you care?
00:07:21.420 It's none of your business, buddy.
00:07:23.120 Let me live my life and go to my life.
00:07:24.560 Why are you making me feel guilty about it?
00:07:26.020 Don't let anybody make you feel guilty about your vision.
00:07:28.920 You pursue your vision that matters to you and your family.
00:07:31.460 If you make money, it's because you offer a better product at a better price, thereby contributing to general well-being.
00:07:38.880 Go make your money.
00:07:40.080 Just make sure you're doing it legally, but go make your money.
00:07:43.600 Do not surrender to the advance of the state.
00:07:45.760 The state is not the solution.
00:07:48.060 The state is the problem itself.
00:07:50.860 You are the true protagonist of this story.
00:07:54.180 And rest assured that as from today, Argentina is your staunch and unconditional ally.
00:08:01.340 You know why I love this?
00:08:02.140 Last night, we're having dinner at the house, and we have all our C-suite executives here.
00:08:05.860 One of the things we do is when it comes down to hiring a C-suite, the last thing I like to do is I want to meet your spouse.
00:08:10.760 I want to meet your husband or your wife.
00:08:12.120 And last night, everyone's at the house.
00:08:14.040 We have dinner.
00:08:14.960 Our executives brought their spouses, and this new C-suite executives that we're looking at hiring is there with his wife.
00:08:20.260 And we're going back and forth, having the conversation.
00:08:22.020 We're talking to one another.
00:08:23.480 And in the middle of the conversation, I ask, so what do you think about what we stand for as a company?
00:08:27.100 What questions do you have for me?
00:08:28.340 What challenges do you have?
00:08:29.240 I would much rather know to see if this is a fit or not.
00:08:31.600 And I said, how do you feel about the fact that, you know, we do what we do politically and we're pretty loud about, you know, does that kind of bother you?
00:08:37.220 No.
00:08:37.640 What about this?
00:08:38.380 And then eventually, the more and more we opened up about what the company's values and principles are, conversation led to the following.
00:08:45.000 So I think it's important you know where I stand with this.
00:08:47.040 What's that?
00:08:47.440 I said, you know, there is many decisions you can make when you make money.
00:08:51.260 One of the things you can do is make your money and be cool and take that money to go out there and benefit from it.
00:08:58.040 Enjoy a peaceful life.
00:08:59.060 Relax.
00:08:59.500 Kick back. 1.00
00:08:59.920 Don't do anything else.
00:09:00.940 Don't be too rowdy because you're afraid if somebody is going to watch you a little bit too much with your money.
00:09:04.660 And you have less target, less any of that stuff.
00:09:07.060 And who cares if they're doing what they're doing at schools?
00:09:09.440 Who cares if they're trying to confuse your kids?
00:09:11.300 As long as your kids are going to be okay, you're going to be all right, right?
00:09:13.340 I said, a lot of people take that position.
00:09:15.320 And why do they take that position?
00:09:16.640 Less controversy, less conflict, more peaceful, less being in a tension mode.
00:09:22.480 Maybe they won't get your kids and confuse your kids, but maybe they'll get your grandkids.
00:09:26.280 And definitely, they're going to get your great-grandkids.
00:09:28.160 Are you okay with that?
00:09:29.140 And I said, I'm not.
00:09:30.120 I'm simply not.
00:09:31.380 So what has happened to the world today?
00:09:33.420 You know what's happened to the world today is people like Javier Millet are being born in times like this.
00:09:40.180 By the way, prior to a year ago, did you know who he was?
00:09:44.080 Maybe he had no clue who he was.
00:09:45.460 You do now.
00:09:46.380 What happened?
00:09:46.960 What changed?
00:09:47.960 Because there's a conflict.
00:09:49.760 And the state and the people who are, you know, these powerful people, the elites are trying to control what decisions you need to make.
00:09:55.580 And all of a sudden, he comes and says, no.
00:09:57.420 Hey, maybe the state.
00:09:58.420 You've got to take the vaccine all the time.
00:09:59.540 RF King comes and says, no.
00:10:01.080 We've got to argue this.
00:10:01.820 Hey, we've got to go sometime.
00:10:03.040 No.
00:10:03.780 Look, whoa.
00:10:04.860 I thought I was a bad person. 0.98
00:10:06.460 I thought I was dumb. 0.99
00:10:07.280 I thought I was dumb. 0.89
00:10:08.120 I'm not.
00:10:08.740 I mean, these guys are making me realize what decisions I'm making.
00:10:11.860 I'm not the only person that's going through this.
00:10:13.540 And then eventually, you have to make a decision for yourself.
00:10:15.600 What part of the camp are you going to be?
00:10:16.800 You're going to be the camp that's going to be the quiet, timid one, or you're going to join the different camps to become more and more and more powerful?
00:10:22.500 Because the reality of it is, if you're watching this as a business owner, there are more and more people out there that are willing to defend you and give you respect and love that you deserve for the hard work you're putting in.
00:10:31.940 You're not alone.
00:10:33.080 Sometimes you feel like you're alone.
00:10:34.420 You're not alone.
00:10:35.320 There's many of us.
00:10:36.440 And we're finding each other.
00:10:37.800 It's the most beautiful thing.
00:10:38.960 You know what I love about our annual conference that we do, Vault Conference?
00:10:42.400 We do this once a year.
00:10:43.720 This last year we did it was down here in Miami at The Diplomat.
00:10:46.420 Tom Brady was there.
00:10:47.260 Mike Tyson was there.
00:10:47.980 You're in a room with 2,500 other people.
00:10:49.920 You know how everybody feels?
00:10:51.160 Like-minded people.
00:10:52.560 Value Tim and P.B.D. Poskett, similar value, similar principles, similar vision, similar kind of ways that they want to build their lives in one room.
00:10:59.600 This year we're doing it at Palm Beach.
00:11:00.860 We're expecting 10,000 people to be at Palm Beach with us.
00:11:03.580 Phenomenal event.
00:11:04.200 We'll make the announcements here very soon.
00:11:05.560 But I'm sharing this with you because if you're watching this saying, I want to be around more people like that, go to places where those people are and establish relationships with them.
00:11:15.080 By the way, if you do want to attend the Vault Conference 2024 on Palm Beach, text the word VAULT to 310-340-1132.
00:11:21.140 Again, text the word VAULT to 310-340-1132.
00:11:25.380 If you got value out of this video, give it a thumbs up and subscribe to the channel.
00:11:28.020 And if you enjoyed this video, there's another video we did on what happened to Argentina's economy and what this guy proposed to change everything about Argentina's economy.
00:11:36.640 If you've never seen it, click here to watch it.
00:11:38.180 Take care, everybody.
00:11:38.820 Bye-bye, bye-bye.