Episode 344： The Only Way To Beat Trump In 2020
Episode Stats
Words per Minute
215.78287
Summary
In this episode of ITIM, Pat Medvee talks with Jordan Belfort, the Wolf of Wall Street, about the only way to beat Donald Trump in 2020, the power of 5G, and much more.
Transcript
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30 seconds, one time for the underdog, ignition sequence start.
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Let me see you put them up, reach the sky, touch the stars up above, cause it's one time for the underdog, one time for the underdog.
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I'm Patrick Medeva, host of ITIM, and today I'm going to share with you a clip I did with Jordan Belfort, the Wolf of Wall Street.
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He asked me a question, he says, Pat, if there's any advice you can give Donald Trump, what would it be?
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And that led me to talk to him about the only way anybody can beat Donald Trump in 2020.
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If there was a one piece of advice you could give to Donald Trump, that if there's one thing you could change, what do you think that would make him even more effective?
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Is there anything that you would change or not?
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I, okay, so for me, it is very hard to give advice on personality that's worked for somebody for 74 flipping years.
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He's going to sit there and say, do you know how many broads I've been with?
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Do you know how many people I've had dinner with?
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You have no clue who the hell you are to give me advice.
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I really think he's not a guy that takes advice from anybody.
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I think Kellyanne Conway was a good person to listen to him.
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So he takes it in and uses his own internal mechanism.
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I will give one thing that in this negotiation that he's doing, I think he's starting to realize the power of 5G because what it's going to do to self-driving cars and what it's going to do to speed up technology.
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And we're going to come up with technology better.
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And the fact that Huawei, out of 188,000 employees, 75,000 of their employees are in R&D, research and development.
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We are, this 5G thing is going to be bigger than people realize it.
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You know, I'm glad you brought this up because I have not focused enough on it.
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But I'm actually going to research it because it's a very important topic.
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I think a guy like your brain, the way you're wired, like the way you explain Bitcoin like that, your brain, the way you're wired.
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If you go down the rabbit hole of Huawei, you are going to, it's going to be like 50 layers and it's deeper than, by the way, today.
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And so the most important number there is 206 million phones were sold last year, Huawei.
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They went from zero to 206 million in 10 years.
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Out of the 206 million, 105 is in the US, 105 is in China, 101 is outside.
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Google said, we're not letting you use the operating system.
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So now they're designing their own operating system.
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So they have to be very, as he's negotiating right now with China and using all of this stuff,
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he can probably bully Mexico that he's doing a little bit.
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And if they all of a sudden come out, and I know Tim Cook was with Trump a few days ago.
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If they all of a sudden come out and say, listen, we're banning something you're doing as well.
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If they come and play that same game and Huawei is projected, according to Business Insider,
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it's dropping 30 to 40% of revenues this year projected.
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They could drop 30 to 40 billion of revenues this year, Huawei.
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Anyway, if Huawei's president, Ren, who was friends with the prime minister of China,
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because Ren used to be part of the Chinese government and the military.
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If he goes there and says, listen, look what just happened here.
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Little bit of this bullying tactic Trump is using could backfire on the economy.
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And then if the economy, like if Hillary wanted to play a manipulative game today,
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If Hillary wanted to play, like the whole dossier she wrote,
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this is what I'd be doing if Hillary wanted to play a manipulative game.
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She would go to China, try to figure out a way to convince them to ban any China companies
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from doing business with Apple, hurting US economy by 20% because Trump can no longer use,
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look what the economy is doing today versus when I first got started.
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If Trump cannot use the economy card, he doesn't get reelected.
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I think my guess is, you know, back in like the days of Russia in the US
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did this thing called MAD, mutually assured destruction.
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I have a suspicion that cooler heads are going to prevail here
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because they're trying to elevate so many people up out of poverty.
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You know, back in the 80s, it was the story was Japan's going to take over the world.
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Japan, Japan, Japan, the rising sun, the movie, right?
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There's a big difference though, but their population is decreasing.
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But, you know, but, but my, there's something that tells me that there's a little bit of
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puffery, like, you know, you heard about the empty cities being built and, you know,
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like this, you know, not everything is always what meets the eye.
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And I think that honestly, I think both sides need each other.
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I think that cooler, my guess is at the end of the day, maybe I'm wrong.
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Well, I'll say this, I'll say this final thoughts for you to be thinking about this
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I was telling the story today while we're driving up here.
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He was so, his name was so one night, it's three o'clock in the morning.
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We're in the parking lot and a guy pulls up the car and he turns off the, we're living
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He pulls up the car, turns off the lights, points a gun at us.
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And then he looks at me, he says, Oh shit, what's up, Pat?
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I said, the guy knew who I was, but he points a gun at my friend, Saul.
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And my friends, my friends said, you don't pull a gun at me.
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He said, I'm not going to punch you while you're in the car.
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He tells him warning, let me know when you're ready that we're going to fight.
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He's bouncing his head off the ground, scraping his face.
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So you don't want to get him to the point where, yeah.
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But you don't, if you go too much, there's no one that's going to take too much.
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So all I'm suggesting is maybe a little bit of slow rolling is all I'm saying.
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And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.
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And if you have any questions for me that you may have, you can always find me on Snapchat,
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And I actually do respond back when you snap me or send me a message on Instagram.