Valuetainment - July 19, 2019


Episode 344： The Only Way To Beat Trump In 2020

Hosted by
Patrick Bet-David
Mentioned
Donald Trump Hillary Saul Kellyanne Conway Patrick MidDavid Jordan Belfort Sarah Huckabee Hope Hicks Hey Holmes Tim Cook Snapchat Bitcoin Mato Dude
Episode 343： Tim Donaghy Opens Us About NBA Referees Episode 345： How To Monetize Your Skills - Tom Bilyeu

Episode Stats


Length

7 minutes

Words per minute

215.78

Word count

1,606

Sentence count

162

Harmful content

Misogyny

3

sentences flagged

Toxicity

17

sentences flagged

Hate speech

2

sentences flagged


Summary

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

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

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 .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 30 seconds, one time for the underdog, ignition sequence start.
00:00:07.000 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.
00:00:17.320 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.
00:00:22.760 He asked me a question, he says, Pat, if there's any advice you can give Donald Trump, what would it be?
00:00:27.260 And that led me to talk to him about the only way anybody can beat Donald Trump in 2020.
00:00:34.740 Last question, right?
00:00:35.640 I got to, you're a smart guy, right?
00:00:37.100 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?
00:00:45.160 One thing that he would change.
00:00:49.460 What style?
00:00:50.720 Is there anything that you would change or not?
00:00:52.280 Here's what I would tell you.
00:00:53.480 I, okay, so for me, it is very hard to give advice on personality that's worked for somebody for 74 flipping years.
00:01:05.980 There's nothing you can tell this guy.
00:01:08.180 He's going to sit there and say, do you know how many broads I've been with?
00:01:11.540 Do you know how many billions I've touched?
00:01:13.080 Do you know how many people I've had dinner with?
00:01:14.680 Do you know what kind of building? 0.73
00:01:15.700 You have no clue who the hell you are to give me advice.
00:01:18.400 I really think he's not a guy that takes advice from anybody. 0.51
00:01:21.560 I fully believe that.
00:01:22.520 I don't think he's an advice guy.
00:01:23.900 I think he processes with people.
00:01:25.460 Like I think Hope Hicks was a good process.
00:01:27.620 I think Sarah Huckabee was a good person.
00:01:29.600 I think Kellyanne Conway was a good person to listen to him.
00:01:32.120 So he takes it in and uses his own internal mechanism.
00:01:34.840 I will give one thing.
00:01:36.300 There's one thing I will say.
00:01:37.520 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.
00:01:46.620 And we're going to come up with technology better.
00:01:48.100 And the fact that Huawei, out of 188,000 employees, 75,000 of their employees are in R&D, research and development.
00:01:55.720 We are, this 5G thing is going to be bigger than people realize it.
00:01:59.340 You know, I'm glad you brought this up because I have not focused enough on it.
00:02:02.980 I'm aware of it, right?
00:02:03.960 But I'm actually going to research it because it's a very important topic.
00:02:05.740 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.
00:02:12.480 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.
00:02:20.460 The CEO's doors, and she's still under. 1.00
00:02:22.560 No, she was, man, the CEO's door.
00:02:24.120 In Canada, right?
00:02:24.900 She got arrested in Canada.
00:02:25.620 Is she still there or are they released?
00:02:26.740 No, no, she's back.
00:02:27.500 But Google dropped the contract.
00:02:29.080 There's 90 days.
00:02:29.840 And so the most important number there is 206 million phones were sold last year, Huawei.
00:02:35.420 They went from zero to 206 million in 10 years.
00:02:37.800 They've never sold smartphone.
00:02:38.820 They started in 1987.
00:02:39.880 First time they sold a smartphone was 2009.
00:02:43.040 206 million they sold last year.
00:02:44.400 Out of the 206 million, 105 is in the US, 105 is in China, 101 is outside.
00:02:49.840 Google said, we're not letting you use the operating system.
00:02:52.540 So they're going to lose their own office.
00:02:54.240 Yeah, yeah, yeah.
00:02:54.620 So now they're designing their own operating system.
00:02:55.980 So they have to be very, as he's negotiating right now with China and using all of this stuff,
00:03:02.800 he can probably bully Mexico that he's doing a little bit. 0.95
00:03:06.140 And Mexico needs America tremendously.
00:03:08.260 Honestly, China's got 1.5 billion people.
00:03:11.320 And if they all of a sudden come out, and I know Tim Cook was with Trump a few days ago.
00:03:14.620 If they all of a sudden come out and say, listen, we're banning something you're doing as well.
00:03:18.520 If they come and play that same game and Huawei is projected, according to Business Insider,
00:03:24.280 it's dropping 30 to 40% of revenues this year projected.
00:03:28.180 They did 108 billion last year.
00:03:29.660 They could drop 30 to 40 billion of revenues this year, Huawei.
00:03:33.260 Anyway, if Huawei's president, Ren, who was friends with the prime minister of China,
00:03:37.820 because Ren used to be part of the Chinese government and the military.
00:03:40.780 If he goes there and says, listen, look what just happened here.
00:03:43.720 And they retaliate against Apple.
00:03:46.100 Little bit of this bullying tactic Trump is using could backfire on the economy.
00:03:49.780 And then if the economy, like if Hillary wanted to play a manipulative game today, 1.00
00:03:54.180 here's what I would be doing.
00:03:55.040 If Hillary wanted to play, like the whole dossier she wrote,
00:03:57.360 this is what I'd be doing if Hillary wanted to play a manipulative game. 1.00
00:04:01.120 She would go to China, try to figure out a way to convince them to ban any China companies
00:04:06.680 from doing business with Apple, hurting US economy by 20% because Trump can no longer use,
00:04:12.300 look what the economy is doing today versus when I first got started.
00:04:14.880 If Trump cannot use the economy card, he doesn't get reelected.
00:04:17.500 Yeah.
00:04:18.440 You know what I think?
00:04:19.520 I think my guess is, you know, back in like the days of Russia in the US 0.94
00:04:24.720 did this thing called MAD, mutually assured destruction.
00:04:28.360 I have a suspicion that cooler heads are going to prevail here
00:04:31.420 because China doesn't want an economic war
00:04:34.080 because they're trying to elevate so many people up out of poverty.
00:04:37.820 I've been there, right?
00:04:38.860 You know, back in the 80s, it was the story was Japan's going to take over the world.
00:04:44.000 Japan, Japan, Japan, the rising sun, the movie, right? 0.99
00:04:46.800 And it's fucking happening. 0.98
00:04:48.420 It was like zombie bags, right? 0.99
00:04:49.320 There's a big difference though, but their population is decreasing.
00:04:52.300 Fair enough.
00:04:52.760 Right.
00:04:53.120 But, you know, but, but my, there's something that tells me that there's a little bit of
00:04:59.600 puffery, like, you know, you heard about the empty cities being built and, you know,
00:05:04.040 like this, you know, not everything is always what meets the eye.
00:05:06.920 And I think that honestly, I think both sides need each other.
00:05:10.000 100%.
00:05:10.360 There's no question.
00:05:11.060 Yes, I don't.
00:05:11.720 There's no question there.
00:05:12.400 I think that cooler, my guess is at the end of the day, maybe I'm wrong.
00:05:15.800 I think cooler heads will prevail.
00:05:17.140 I hope so.
00:05:17.700 Well, I'll say this, I'll say this final thoughts for you to be thinking about this
00:05:20.560 one.
00:05:21.140 I had a friend, very quiet guy.
00:05:23.180 I was telling the story today while we're driving up here.
00:05:25.280 He was five, four, 150 pounds.
00:05:27.260 I love it. 0.98
00:05:27.700 I'm fucking big enough. 0.90
00:05:28.260 Yeah. 0.96
00:05:28.460 I love the guy right here.
00:05:29.180 He was so, his name was so one night, it's three o'clock in the morning.
00:05:32.300 We're in the parking lot and a guy pulls up the car and he turns off the, we're living
00:05:36.620 in a bad community at that.
00:05:37.740 He pulls up the car, turns off the lights, points a gun at us.
00:05:40.160 He says, Hey Holmes, who are you?
00:05:42.800 What you doing, Mato? 0.99
00:05:44.320 And then he looks at me, he says, Oh shit, what's up, Pat? 0.99
00:05:46.900 I said, the guy knew who I was, but he points a gun at my friend, Saul. 0.99
00:05:51.500 And my friends, my friends said, you don't pull a gun at me.
00:05:53.960 I don't care who you are.
00:05:55.020 He says, get out of the car.
00:05:56.120 He says, no, I say we're good.
00:05:57.080 He says, no, get out of the car.
00:05:58.100 He said, I'm not going to punch you while you're in the car.
00:05:59.880 He gets out of the car.
00:06:01.260 He says, let me know when you're ready.
00:06:03.260 Just let me know when you're ready.
00:06:04.680 He tells him warning, let me know when you're ready that we're going to fight.
00:06:08.480 He says, I'm ready. 0.99
00:06:09.740 He beats the living shit out of this guy. 0.99
00:06:12.680 He's bouncing his head off the ground, scraping his face. 0.99
00:06:16.740 Here's the moral of the story.
00:06:18.260 Saul was a quiet guy, very quiet.
00:06:21.680 You don't talk to him.
00:06:23.400 China's quiet.
00:06:24.440 That's all I'm saying.
00:06:25.760 So you don't want to get him to the point where, yeah.
00:06:28.680 China, but they're peaceful.
00:06:29.960 But you don't, if you go too much, there's no one that's going to take too much.
00:06:34.120 So all I'm suggesting is maybe a little bit of slow rolling is all I'm saying. 0.99
00:06:38.540 Dude, you're a fucking legend, man. 0.99
00:06:39.680 I appreciate it, man. 0.99
00:06:40.220 And I'd love you to come back.
00:06:41.300 You're the best.
00:06:41.620 My man.
00:06:42.180 All right?
00:06:42.560 It was a pleasure.
00:06:43.300 Good to be here.
00:06:44.180 Thanks, everybody, for listening.
00:06:45.320 And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.
00:06:50.060 Give us a five-star.
00:06:51.460 Write a review if you haven't already.
00:06:52.960 And if you have any questions for me that you may have, you can always find me on Snapchat,
00:06:56.580 Instagram, Facebook, or YouTube.
00:06:59.000 Just search my name, Patrick Middavid.
00:07:00.900 And I actually do respond back when you snap me or send me a message on Instagram.
00:07:05.880 With that being said, have a great day today.
00:07:07.620 Take care, everybody.
00:07:08.320 Bye-bye.
00:07:08.580 Bye-bye.
00:07:08.640 Bye-bye.
00:07:08.720 Bye-bye.
00:07:08.740 Bye-bye.
00:07:10.720 Bye-bye.
00:07:12.720 Bye-bye.
00:07:14.720 Bye-bye.
00:07:16.720 Bye-bye.
00:07:18.720 Bye-bye.
00:07:20.720 Bye-bye.
00:07:22.720 Bye-bye.
00:07:24.720 Bye-bye.
00:07:24.780 Bye-bye.