Valuetainment - How I Would Start A New Country

00:00:00.000 Our next guest is a serial entrepreneur with the ultimate rags-to-rich life story.

00:00:04.260 Being forced to flee Iran as a child with his family to survive, he ended up spending part

00:00:08.500 of his childhood in a refugee camp in Germany. After eventually making it to the USA and serving

00:00:13.180 his new country with the 101st Airborne Division of the US Army, he continued to advance building

00:00:17.940 an empire that gives so much to so many. Today, he is the CEO of PHP Agency Incorporated,

00:00:24.000 a financial services agency with over 12,000 agents in both the US and Puerto Rico. For many

00:00:30.260 of us around the world, we know him as the leader and presenter of the YouTube channel Valuetainment

00:00:35.160 that has nearly 3 million subscribers and growing fast. Beyond sharing his business, financial,

00:00:41.580 social commentary, and entrepreneurial insights, he also interviews the widest variety and most

00:00:46.320 interesting guests of any channel I have ever seen. From infamous figures such as Kobe Bryant,

00:00:51.620 Jordan Peterson, Peter Schiff, Robert Kiyosaki, and Ben Shapiro, to former military generals,

00:00:56.980 snipers, undercover FBI agents, reformed high-ranking criminals, and even a North Korean defector,

00:01:02.780 he never ceases to deliver the most intriguing commentary and insight on nearly every topic.

00:01:07.480 Father, husband, veteran, millionaire, teacher, leader, entrepreneur, and all-round top bloke,

00:01:14.460 he is Patrick Bet David. Pat, I am absolutely honored to meet you. Thanks for coming to the channel.

00:01:20.380 Great intro. It's great to be with you. Pat, I acknowledge that you got into, I guess,

00:01:25.220 your riches from the insurance industry, but I think most people around the world, it's fair to

00:01:29.500 say that we know you from your work on Valuetainment. Now, I know that you're not very big on too many

00:01:34.620 compliments, but I also understand that you're big on values. And one of my values is to really give

00:01:39.000 respect where respect is due. And I'd like to start off by saying, thank you for what you do for all

00:01:43.780 of us. Thank you for what you teach us. And thank you for giving it to us for free.

00:01:48.200 Anytime. And it's so funny. You said, I don't like compliments, but I'll take that one. Thank you.

00:01:52.180 Thank you. Look, I want to share a quick story with you, an icebreaker, if I may. Last year,

00:01:56.560 I was in a desert. I won't say too much, but I was in the Middle East in a gym working out at

00:02:00.260 one o'clock in the morning. I think you can probably figure out what the background to that is.

00:02:03.680 I want to talk about your most memorable interview for me. And I want to see if you can guess which

00:02:07.980 one it is. Now, it wasn't the most informative, but it was the most interesting.

00:02:11.500 So I'm in a gym. It's one o'clock in the morning. I'm lifting. I'm in the middle of my session and I

00:02:16.600 had to stop to actually look at my phone to actually see what was happening in your interview

00:02:22.240 was real. It got heated. It started in one direction. It started to go down another direction

00:02:28.180 and I had to replay this thing. It blew my mind. I'm glad that you published it. It went from good

00:02:34.900 to bad to worse, but you stood your ground and you held your values. Do you know what conversation

00:02:40.260 I'm talking about? Lucian Truscott. Of course, that was the one. Brother, as I said, it wasn't

00:02:47.560 the most informative, but certainly the most memorable. Can you tell me a little bit about

00:02:52.040 that in the sense that I can see that whenever you interview someone, you do the right thing by

00:02:55.780 looking in their background. You afford them a chance to give their values and their opinion.

00:03:01.940 But what went wrong with that interview? You know, it's funny when we were speaking offline,

00:03:06.760 typically I'll go a couple minutes to establish some kind of a relationship with the viewer and

00:03:11.660 with the person I'm interviewing. Do you know what we stand for? Do you know the audience? Do you know

00:03:16.000 what we are? All this stuff. Great. So we got started. And right off the bat, within three minutes,

00:03:23.140 he was triggered. I never said to tear down the statue. I said to. I said, okay, let's just say you said

00:03:32.180 to remove it. And then every time we were going, it almost seemed like he was getting more and more

00:03:37.460 upset. And by the 10th minute, I think he was telling himself, I should have never said yes to

00:03:43.840 this interview because he didn't do his proper due diligence on the interview, knowing the fact that

00:03:49.760 we interview a lot of interesting people and we're not one of those channels that says, tell us the key

00:03:54.780 to success. You know, like even yourself, look at the question you just started off with. You just

00:03:59.000 started off with a great question. No one's ever starting an interview with the question you just

00:04:02.100 asked right now, right? You asked the question and you make it interesting for me. But for him,

00:04:08.480 he typically only did interviews with people that agreed with his position. He never did any

00:04:13.820 interviews with people that didn't agree with his position. And I, no matter whether I agree with

00:04:18.380 you or not, I'm still going to ask questions as if I disagree with you. And sometimes I agree with

00:04:22.320 you, but that's not the interviewee sometimes doesn't know that I do it because it's the one way to get

00:04:27.820 the audience to make a decision for themselves by hearing some of the opposing arguments. So

00:04:32.600 within the first three minutes, we knew it was going to be an interesting interview.

00:04:36.880 Well, what I certainly got out of it wasn't so much the content that he gave, but how you taught

00:04:40.980 us how to handle that situation and to hold your ground and maintain your values. And really in the

00:04:45.820 end, just as you described, you do what you do. They're the guests in your house. I am curious though,

00:04:51.300 did he ask you to take it down? Did he ask you not to publish that video?

00:04:54.220 Nothing. And by the way, there was a lot worse stuff that we didn't publish it. I mean,

00:04:58.100 at the end, when you saw him say what he said, it went for another 10 minutes like that. We just

00:05:03.740 cut it. He would not stop. But then I said, if we show more than that, it's going to be a

00:05:08.800 humiliating situation. I wasn't going to do that. He went into some very bad places that would have

00:05:13.280 hurt his character. I just said, I'm just going to leave the last part and we're not the rest of the

00:05:16.960 five, 10 minutes. Well, it certainly interrupted my workout session, but I had to stop what I was doing.

00:05:21.780 I had to put my phone on the dumbbell rack and change what I was doing so I could actually see

00:05:25.660 it. And I normally listen in two times speed, but because it was just so intriguing, I actually

00:05:30.500 watched it in real time speed. But look, moving on, before we get to some very serious global issues,

00:05:35.160 I wanted to point out one of your videos in particular, plot your next 15 moves was awesome.

00:05:39.620 So to my subscribers, if you haven't seen Patrick's work, you must watch some of the stuff that he gives

00:05:45.040 us. In many ways, you're my mentor. In many ways, you have taught me a lot of things that I

00:05:50.400 thought I should have known, stuff that I should have learned in university and my degrees and my

00:05:54.900 master's. You're giving me a lot. And I want to talk about university in a second, but one point

00:05:59.840 in particular, point 4.5 in plot your next 15 moves was about having enemies. Now, do you think

00:06:05.740 the bigger you become, the more enemies you attract? And in that video, you also mentioned

00:06:10.740 it's almost part of the journey. Is it inevitable to have enemies?

00:06:14.340 Yeah, it is. It's so funny. You say that last night we were having, we were having sushi with

00:06:20.860 myself, Adam, Mario and Kai. And we were talking about enemies. And I said, the challenge about

00:06:27.100 enemies is the following. There are certain enemies that you can only avoid by not being

00:06:34.360 relevant and not competing in a marketplace. So if you don't want to have any enemies, just

00:06:38.820 don't do anything. You know, just play small and just live a regular, average, and ordinary

00:06:43.260 life. But if you do that, your biggest enemy becomes the man in the mirror or the woman in 0.84

00:06:51.740 the mirror because your spirit is furious with you for you not wanting to give your best.

00:06:57.160 So there's nobody worse that's going to be your enemy than yourself. Now, let's talk about

00:07:02.680 the second kind of enemies. You decide to go into real estate. You decide to be a podcaster.

00:07:07.240 You decide to go into insurance, investment, stocks, bonds, digital media. You decide to go

00:07:11.040 into pharmaceutical sales. You decide to do, you know, engineer coding. And you want to be

00:07:17.620 the best at it. One of the best at it. You go in. You're going to piss people off because you're

00:07:23.900 going to take market share away, attention away, eyeballs away. They're going to bring up your name.

00:07:28.820 Some of the old timers are going to hear about your name. They hate being compared to you.

00:07:32.560 They hate saying, well, you know, how about this new guy? Oh, you know, they hate it, right?

00:07:36.300 They can't stand it because you're taking that away. You can't avoid that. That part,

00:07:40.420 you cannot avoid. Now, then there's the third kind. The third kind are the kind of enemies that

00:07:46.340 should be avoided. But you, due to self-inflicted comments or things you did, you created those

00:07:53.040 enemies. Now, if they're intentional, more power to you. For example, let's just say if Meghan

00:07:58.480 Merkel goes out there and says what she says, and she intentionally wants the royal family

00:08:04.920 to be her number one enemy because she wants to get 100 million plus views so she can get that 1.00

00:08:10.920 $110 million contract with Netflix to set up her next career. Now she's living in Montecito next to

00:08:16.960 Oprah Winfrey and everybody else. Well, you knew what you were doing and it was intentional.

00:08:22.040 But if you're not doing it intentionally, you just made a mistake and gave birth to seven new

00:08:27.940 enemies that you could have avoided. You know, you have to be careful of creating those enemies.

00:08:32.960 And I will tell you this, the most dangerous types of people you'll ever face. Most people

00:08:37.800 think, you know, my gosh, I have to worry about that guy that's working so hard. I have to worry

00:08:41.820 about that guy. I have to worry about that visionary. You don't have to worry about those

00:08:45.220 guys at all. The people you have to worry about as competitors and enemies are extremely ambitious,

00:08:51.700 lazy people. Those who are extremely ambitious, they think big. Okay. They think very highly of

00:08:57.740 themselves. Like you even see them walking around like a little bit pompous, arrogant. You're like,

00:09:03.180 why do you look at me like you think you're better than me? You haven't done anything crazy with your

00:09:06.360 life. But in their mind, they're better than everybody else. They're ambitious, right? But deep

00:09:11.920 down inside, they don't want to put in the work. They think big. They're visionaries. They have big

00:09:17.860 ideas. They're talented. They just don't want to work hard. If there's any kind of enemies you don't want

00:09:27.740 are the lazy, ambitious people. Those guys will haunt you for the rest of your life. They're very

00:09:34.500 weird people on how they are. Everybody else, you can't avoid some of the people you compete. It's

00:09:39.300 going to be normal. I think from what I got from what you're saying is that they can actually drive

00:09:43.740 you to do better. And enemies, in fact, form part of your journey to your success. Can you comment on

00:09:49.320 resilience? I'm wondering, because we're in this touchy-feely society where it's getting so much

00:09:53.520 softer. It links to resilience for me. When people come across enemies, they trip out. And

00:09:58.960 certainly in Australia, we make so many laws where we just don't allow anyone to face anything that's

00:10:04.220 of a difficult nature. Are we becoming less resilient as a society? There's no question about

00:10:09.920 it. There's no question about it. I posted something on Facebook the other day about debate.

00:10:14.620 And I said, one of the greatest things in life is debate. You know, I'd much rather watch

00:10:22.540 a two-hour debate of the Hitchens brothers debating God, the existence of God. It's three hours on

00:10:29.920 YouTube. The two brothers, one's a Christian, one's a Catholic, believes in God. The other wasn't an

00:10:35.340 atheist, doesn't believe in God. You watch that three-hour debate, you're going to learn more from

00:10:39.460 that three-hour debate, then you would go into college taking a semester in theology,

00:10:43.760 because debate is what we need. And by the time you're done watching that debate, you're going

00:10:48.420 to walk away and you're going to say, you know what, I don't agree with what Hitchens said as an

00:10:52.020 atheist. And I'm an atheist, but I don't think that argument was that strong, because his brother

00:10:57.460 said this. But you know, his brother said something about God, the existence of God and Virgin Mary and

00:11:01.580 Jesus. I kind of like what Chris Hitchens said to that. But you know what, I'm walking away saying,

00:11:08.060 I used to not believe there's a God. I think there is a God. I think there's more of a God today than

00:11:13.840 I thought yesterday. Or you're going to walk away, you're going to say, you know, I used to believe in

00:11:17.300 God. I don't know if I believe in it as much as I do. Right? Because we had debate. Right? Here's what

00:11:22.640 debate does. The beautiful power of debate is the following. Put a Democrat and a Republican, let them

00:11:27.720 debate. Put a Christian and atheist. Put a person that believes in pro-life, pro-choice. Guns, no guns.

00:11:35.260 Military, no military. War to protect the country, no war. World peace. Somebody that believes in

00:11:41.620 apple, somebody that believes in droids, somebody that loves soccer, somebody that loves football.

00:11:45.800 Put them in a room, let them debate, let us watch it. You know what it does to the audience? It's the

00:11:50.780 craziest thing. So all the extremes who are far right or far left, what a great debate does,

00:11:59.040 it brings us inner. It doesn't bring us all the way in. It doesn't even get us to tip to the other

00:12:04.160 side, but it just gets our extremes to be a little bit smaller and smaller. And the further

00:12:10.540 we get to the center, the more we get to the center, the more reasonable we are. And the more

00:12:14.860 reasonable we are, the easier it is for us to communicate with each other and deal with each

00:12:19.240 other and understand each other's differences. But what looks like that's happening right now

00:12:23.340 with all the sensitivity and the Pierce Morgan and all this other stuff, we're eliminating debate

00:12:28.360 and it's going to make the next generation dumber, unfortunately.

00:12:33.420 I think you've put that really well because debate, as you said, it actually brings us together. And if

00:12:37.840 it doesn't bring us all the way together, it at least gives us empathy where we can understand

00:12:41.580 what the other side is saying and perhaps why they're even thinking it. I get a lot out of Peter

00:12:46.020 Schiff. So I'm very big into Bitcoin. My channel is primarily focused on money, economics and crypto.

00:12:50.740 And why I enjoy watching Peter Schiff is because I don't agree with what he says, but he has the

00:12:56.620 courage and professionalism to come forth into the crypto community and say, I don't believe in it

00:13:01.860 for these reasons. And he doesn't get offended when we talk about why we believe in it. And equally,

00:13:07.040 we don't get offended why he does or doesn't believe in gold or what's going to be the future of

00:13:11.340 money. But ultimately, I'm concerned that we're shutting down debate, which results in the shutting

00:13:16.820 down of free speech and democracy, which actually links into what I'd like to talk about now.

00:13:21.800 Two of your big videos. I want to go to a bit of a strategic level, if I may. So one video that

00:13:27.520 you released just this week, I've been preparing for this interview for weeks, but then I watched

00:13:32.120 one of your videos. I'm like, I have to include this. And that's called, Is New York the next Detroit?

00:13:37.960 Now, this is also going to link to your interview with Brigadier General Robert Spalding about China's

00:13:42.340 silent takeover while America's elite sleeps. Let me share a little story

00:13:46.780 with you, if I may. So I studied in university in America for a while at Pepperdine. I believe

00:13:52.080 Pepperdine was the university. One of your co-authors went there, I believe.

00:13:57.360 Oh, yeah. Las Vegas. One of the authors, his daughter went there and Tom Ellsworth used to

00:14:03.700 teach at Pepperdine. It's a phenomenal university. And a magical campus. I used to dream about that

00:14:09.380 place for a long time after I left. It's over the Pacific Ocean. But one of my classes, my most memorable

00:14:14.220 classes of all my degrees everywhere in the world was entrepreneurial studies. Now, my teacher,

00:14:21.120 Richard Phillips, he said, where should we test a product? If we're going to test a new global

00:14:24.840 product, where should we test it in the world? And everyone was putting their hands up with all

00:14:28.800 these recommendations. But in the end, I remember so clearly he said, right here. This is where we

00:14:34.020 test a new product, right here in LA. And then it goes from there. Now, I'm not talking about a product

00:14:39.520 here. What I'm talking about is a societal view on how things are working. So what was very

00:14:43.940 concerning to me over the last few years is watching people exit Los Angeles, California at

00:14:49.240 large. And it rang back to what my professor was saying at Pepperdine was, this is where we test

00:14:54.460 a product. Now, that product in this instance is, in fact, in my opinion, political opinion and

00:14:59.320 political unrest. So we saw the mass exodus from California. Then we saw the mass exodus from New York.

00:15:06.180 Then in your latest video, you spoke about the mass exodus from Detroit, where those stats that

00:15:12.100 you read were just blowing my mind away. The amount of empty buildings, I think it was a 50-minute

00:15:17.800 call-out time for police. And then at the end of the video, the most powerful thing that you said to

00:15:23.880 me was, don't let politics get into your family. Don't let the politics influence what your partner is

00:15:30.640 thinking or saying is like, why aren't you doing this? Why aren't we doing that? Keep the politics out.

00:15:35.800 My question to you, my friend, is, is this bigger than just what's happening in America? Is this the

00:15:42.000 erosion of the West? And is it being done perhaps through ideological subversion, as Yuri Bezmenov

00:15:47.680 speaks about in his work? Oh, man, it's a scary thought because of the following reason. You know,

00:15:56.380 when a kid comes from money, he doesn't understand. If the father didn't raise him right, he doesn't

00:16:03.440 understand how hard it is to make money. I had a guy I interviewed with. He was a psychologist and

00:16:10.480 a planner for families who were billionaires. One of the families was the Templeton family. The

00:16:16.060 family's worth $6 billion. And 16 of the grandkids, I think out of the 16, 15 of them became drug addicts

00:16:23.760 and ruined their lives. And I think one of them that was left, he was working with. And he said, I said,

00:16:29.000 how can you save those kids? He says, it's too late. He says, Pat, the way to save those kids is

00:16:32.780 very, very early. I said, what do you mean? He said, the biggest challenge with these kids is

00:16:36.420 they got everything they wanted. They got the car. They got the house. They got the toys. They

00:16:39.320 partied. They were on other rich people. They hooked up with other rich people's daughters and

00:16:43.580 they went over this and everything came easy to them. Right. And then later on, you're trying to teach

00:16:47.720 them character and you realize they never learned it. There's a book I read many years ago called

00:16:52.280 Ultimate Gift written by a guy named Jim Stovall. It's a story about a guy named Ray Stevens. And

00:17:00.540 he's a guy that goes and works on an oil field. Eventually the owner of that field dies. He strikes

00:17:07.280 oil. He becomes a billionaire. And then when he becomes a billionaire, he shoots a video that will

00:17:14.900 only be played when he dies. So one day he dies and he is attorney. That was his best friend for 40

00:17:23.180 years. He invites him over to the house and he says, Red Stevens, not Roy. Red Stevens wants to talk

00:17:28.680 to you. And he puts in the VHS tape and Red says, if you're here right now, he's going like this. If

00:17:35.300 you're here right now, it's because I'm dead. Okay. And you're wondering what I'm going to do with the

00:17:42.040 $2.2 billion and who it's going to go to. So let me break it to you. He says, unfortunately,

00:17:47.760 I've spoiled all of you. His wife is there. His daughter's there. Everybody's there. So he says

00:17:52.980 to my son, I'm going to give you all my properties with one exception. The janitor has more say on the

00:17:59.680 properties than you, and you can never sell the properties, but you own them. I'm going to give my

00:18:03.880 investment portfolio to my daughter. But guess what? The investment banker says, what you do with the

00:18:08.120 money? Not you. I'm going to give my company to him. So he goes through all this stuff and he

00:18:11.920 gives away. And at the end, his nephew's left. And he says, for you, I have the ultimate gift

00:18:17.560 and the ultimate gift. I don't have a car. I don't have a house. I don't have a company to give

00:18:23.280 you. The ultimate gift starts on Monday, Tuesday. When you come here, I have 12 videos for you to

00:18:28.480 watch each week. You're going to get a challenge on Tuesday. If you take it by the 12th month,

00:18:34.760 I'm going to give you the ultimate gift. He says, the reason why, before you walk out,

00:18:39.440 because you're upset that I don't have any money to give you, is because you're the only one that I

00:18:43.500 didn't over-spoil, right? What a ridiculous story. Anyways, the nephew is struggling with it. I don't

00:18:50.780 know if I'm going to do it or not. He comes up. I'm not going to spoil the whole story for you. But

00:18:53.480 the point is, America is Red Stevens. And America has spoiled everybody. Yes, let's give unemployment for 0.52

00:19:02.420 this long. Yes, let's give. Hey, FDR came out with Social Security. He only came out with Social

00:19:07.660 Security for a few thousand people. He didn't come out with Social Security for everybody.

00:19:12.100 And when he came out with Social Security, the average life expectancy in America was like mid-60s.

00:19:17.120 And he started Social Security at 62, which means he only got Social Security for three years. That

00:19:22.160 means it's as if today the life expectancy in America is 80. If FDR was alive today, Social Security

00:19:27.700 would have started at 77. But no, today it's like, hey, more because we have money. More because we have

00:19:33.520 money. More because America is so wealthy. Let's just keep throwing free money out. Another stimulus,

00:19:38.480 $1.9 trillion, another $900 billion, another $1.9 trillion, to the point where in the last 13,

00:19:43.120 12 months, America, in the last 12 months, has printed 40% of all the currency America's ever had.

00:19:52.060 Let me say that one more time. 40% of all the currency America's ever had was printed in the last

00:19:56.400 12 months, which guess who it favors? Those of you that believe in Bitcoin, that's a perfect argument for

00:20:01.460 you. Also gold, but it's a perfect argument for you. This is why the dollar is getting a black eye

00:20:06.720 right now, the more we print. So for me, I am very much concerned when I see an AOC and you go out

00:20:14.360 there and AOC, great marketer, great at telling her stories. And just a year ago, this girl had a

00:20:19.440 couple million followers on Twitter. And today she has 12.6 million followers on Twitter. And she's

00:20:25.480 young. She's a representative of Bronx and Queens. And she has so much say. What does this mean?

00:20:30.480 We didn't have this kind of momentum with socialism 40 years ago. Communism and socialism,

00:20:35.020 the ideas have been around for a long time since Karl Marx, when he wrote the book. And you know,

00:20:38.700 Marxism, communism, socialism, those ideas have been around for a while. But today, due to social media,

00:20:45.320 people are looking at somebody and saying, wow, 12.6 million followers. She must really know what

00:20:50.440 she's talking about. Maybe the socialism thing's not really not bad. So then that leads me to my concern

00:20:55.860 of, okay, if you live in California, you're not happy where you're at, you go to Texas.

00:21:00.660 If you live in Detroit, they mistreat you, you go to Texas. If you're in New York, they mistreat you,

00:21:06.560 you go to Florida. If you're in Illinois, they mistreat you, you go to Tennessee. So, you know,

00:21:11.720 California, you can go to Nevada because there's no state taxes. The point is, if I don't like a state,

00:21:15.740 I can go to a different place. I have the options. But what if it gets to a point that eventually the

00:21:20.360 federal government mistreats you, where do you go to next?

00:21:22.800 That's right. Do you go to Costa Rica? Do you go to Dubai? Do you go to Singapore? Do you go to

00:21:27.340 New Zealand? Where do you go? Do you go to Canada? Where do you go? Where do you go? So, you know,

00:21:32.400 I would be more comfortable if I knew that, like if today, I always say this, if somebody were to give

00:21:41.800 me 10 million people and a good amount of land, a country, we would recruit the most incredible minds

00:21:48.800 and make it very difficult to get into that country because you would only be able to get

00:21:52.780 into that country, that you bring value to the table. And we don't care if people don't like it.

00:21:57.220 But within two decades, we would be the place everybody would want to live in because we would

00:22:03.400 build it right off the bat with certain values and principles to protect. Unfortunately, today,

00:22:09.320 that option number two is not very obvious. There are option number two, three, four, five, six,

00:22:13.460 seven, eight, nine, 10, but it's not as obvious. So America has the ability to bully its own citizens

00:22:19.520 because what are you going to do? I dare you to leave America. Where are you going to go?

00:22:22.900 And they're right today. So if a handful of countries took advantage of that, it's like

00:22:28.220 working at Google. Google mistreats you, go to Facebook. But imagine if there's only one Google,

00:22:33.000 where are you going to go if Google mistreats you? You don't have a choice. They're paying you

00:22:35.620 pretty well. You ain't going to go anywhere else. So America's bullying right now. And I don't know

00:22:40.380 how long it's going to last. I'm always pro-creator, pro-builder. A builder's always going to be

00:22:46.360 wanted in a country. A creator's always going to be wanted in a country. They're never ever single.

00:22:52.600 Everybody always wants to be with a builder and a creator, but one country or two need to really

00:22:58.820 level up their game today because there's a lot of talent that could potentially go to them.

00:23:02.700 This is where your work comes into it, I think. So we were speaking about debate before.

00:23:07.120 So certainly at university, debate seems to be shut down so much. Like you can only have one opinion.

00:23:13.800 And if you go against the mainstream opinion, you're a bigot, you're a racist, you're a xenophobe.

00:23:18.760 And it actually stops debate. And it stops this ability to think outside the box. And that's why

00:23:24.460 we have this kind of push towards socialism, perhaps. Now, when you spoke about the money

00:23:29.200 printing press, where we become reliant on the daddy state, the daddy state that will give us lots of

00:23:34.060 money and we don't need to work and we don't need to worry about anything because the printing press

00:23:38.160 will just give us more money. I recently released a video called printing press goes brr, Bitcoin goes

00:23:44.120 boom. And what I'm talking about in that video is the more money that the printing press pumps out,

00:23:50.300 the more people are forced into a harder money, such as Bitcoin, whether they like Bitcoin or not.

00:23:55.620 It's in two ways. What I'm finding now is people are shifting into Bitcoin, not because they think

00:24:00.680 they can buy a Lamborghini, but because there's no other choice. It is now at a point that if you keep

00:24:06.100 your money in cash, it's becoming, it's becoming a liability. It's financially irresponsible to not

00:24:10.880 at least have some Bitcoin as people are fleeing out of the US dollar and trying to run to a new

00:24:16.880 money, which is Bitcoin. What are your thoughts on the future of money? If America keeps printing it

00:24:22.620 and America keeps pushing everyone into a corner to go a certain way, and people do flee the states

00:24:29.040 at a national level and then at a federal level going somewhere else, when will it stop?

00:24:34.100 Do you think there could be a war on the horizon?

00:24:38.060 Oh, I mean, of course. I mean, look at one of the things right now with Bitcoin. They're trying

00:24:42.300 to find out how to regulate Bitcoin. Janet Yellen is trying to do whatever she can to get a hold of 0.58

00:24:46.700 Bitcoin. For five years, if you see anybody asking about Bitcoin, watch what's been my biggest concern

00:24:53.380 every single time. They're going to try to regulate it. They're going to try to regulate it. They're going

00:24:56.840 to try to regulate it. That's the biggest thing, because that's what the government likes to do. 0.56

00:25:00.100 They like to regulate gold. They like to regulate Bitcoin. They like to regulate anything and

00:25:04.480 everything they can get their hands on to administrate. So I don't know. I think I can

00:25:09.580 tell you one thing for a fact is today, if there's ever been an era where all the Bitcoin people are

00:25:15.900 laughing, saying, I told you so, today's the day. Like all the Bitcoin, pro-Bitcoin people ought to go

00:25:21.620 on Twitter and say, I told you so. Hashtag Bitcoin. They have the right to do so, because

00:25:27.560 they can say that today. Now, remember how earlier I talked to you about the most dangerous people

00:25:35.520 you'll ever face are lazy, ambitious people? Regulators and politicians are exactly that.

00:25:42.600 They're the lazy, ambitious people. They hate the fact that you came up with an idea that you don't

00:25:47.240 need somebody to take care of you. They hate the fact that you don't need a guy in your pocket to 0.51

00:25:52.500 finance your election or whatever your campaign. They hate the fact that they're not willing to

00:25:58.120 work seven to 10 o'clock at night to build a business and go sell it for a hundred million

00:26:01.780 dollars five years later or 10 years later for a billion dollars. They hate that because they're

00:26:05.380 not going to do that. That's not what they're going to do. So what do they do? They go behind

00:26:09.200 clothes and say, I'm going to go get power. You want all the freedom? I'm going to be able to push

00:26:14.660 you around because I'll have the power. I make the laws. I'm the lawmaker and I can make laws to make

00:26:20.700 your life a living hell. That's how they do it. So Bitcoin's biggest enemy is going to be the

00:26:28.680 lawmakers, the politicians, governments that are going to want to get into it. The benefit, I hope

00:26:35.160 Elon Musk supports you guys and stays that way. It doesn't go back and forth. It doesn't kind of like,

00:26:40.160 because you guys need a very strong supporter on your end to prevent these other guys from getting

00:26:47.680 in the way. The good news right now is JPMorgan Chase just officially put 35 or 34 job postings

00:26:53.120 online for people that are experts in blockchain. And, you know, quite frankly, Morgan Stanley only

00:26:58.140 put two and Goldman Sachs only put two. But JPMorgan Chase put 34, 35. Everybody's like, what? Wait, what?

00:27:04.360 JPMorgan is hiring 34 blockchain experts? Yes. Why? Well, they're coming out with their own Bitcoin.

00:27:09.520 So the more these stories happens and you have the allies, when it gets to a point where they're

00:27:14.320 facing off the enemies, that's where you benefit. But you have to also be thinking about if they come

00:27:20.820 out with their own crypto, say JPMorgan Chase comes out with their own crypto, do you think behind

00:27:25.540 closed doors they would support some of the politicians to hurt the Bitcoin brand because

00:27:29.400 they're not Bitcoin, they're a different crypto? I don't know. All I'm saying to you is you have to pay

00:27:34.320 very, very close attention to the lawmakers and the lazy, ambitious people, because they're the ones

00:27:40.060 that are probably going to try to make your life a living kill. So with what Robert Spalding was saying

00:27:45.100 about China being perhaps the greatest threat to the U.S. at the moment, in his book and in his

00:27:50.160 interview, I found that very confronting what he was talking about. So in my opinion, I think we've got this

00:27:54.900 perfect storm. We have the opinions of ex-generals such as Spalding saying China is a threat. We have

00:28:01.980 the collapse of the petrodollar and the U.S. dollar as people are fleeing out. We have civil unrest

00:28:07.620 within the United States and Western nations at large, where we shut down debate and move more to

00:28:13.680 one side and even promote socialism. What is the tipping point? Will there be a war?

00:28:18.900 It's not about will there be a war. There is war right now. We are in war. It's just a different

00:28:25.880 kind of war. Like, for example, you ever been to a family gathering where there's a lot of politics

00:28:29.840 involved, but if you didn't know about it, you would never know there is war going on. I don't

00:28:33.000 know if you know what I'm talking about. Let's just go to a family gathering. Yeah, when you bring

00:28:37.480 your partner, they think everything's good on the surface, but you know what's going on in the

00:28:41.060 background. Oh, I'm even talking dirtier than that. I'm talking about you go to a family gathering and you

00:28:46.860 know your mom and your dad's sister hate each other. Like, you've seen the fights. Nobody else

00:28:54.160 has seen it. They just called each other, you know, the worst word just a week ago, but at a

00:28:59.120 family gathering, like, hey, how are you? So how's your kids? By the way, I just want you to know my

00:29:03.480 son just graduated from USC. Oh, congratulations to your son. What she's trying to say is, hey, you idiot,

00:29:10.200 my son is better than your son. I'm a better parent than you. And the auntie responds and says,

00:29:15.060 oh, guess what? What? Our son just bought his own first house. We're so proud of him that he's so

00:29:19.400 independent. He doesn't lean on his mommy and daddy for everything. We like that. We have so much

00:29:24.060 respect for our son. And you're just kind of standing there and you're saying, mom and auntie

00:29:27.760 are going at it, right? There's a lot of war going on. But if you don't know the inner detail stories of

00:29:33.380 what's going on, you wouldn't know about it. Okay, so where am I going with this? So right now,

00:29:38.360 we have so many proxy wars, it's not even funny. It's proxy war galore today is what we have.

00:29:45.740 We have so many cyber wars right now. It's not funny. Not even funny. China to Microsoft, 0.98

00:29:52.420 Russia threatening Twitter, that's cyber. They're going and they're attacking them that way.

00:29:57.060 Very easy. We have bio warfare wars that could happen at any given time. The wars of today are

00:30:02.300 not going to be the kind of wars that we had in World War II or World War I. It's going to be the 0.83

00:30:06.360 kind of war that you can't figure out who attacked you. You know how you fight a person and you're

00:30:14.400 standing up and you're like, hey, you want to go? And he punches you in the face. You know who hits

00:30:18.580 you. This is the kind of fight where you get hit in the back of the head and you don't know who

00:30:24.980 hits you. You get stabbed. You don't know who stabbed you. You're all of a sudden sick. You don't

00:30:29.560 know how you got sick. It's a very dirty war today because nobody can, the fingerprints aren't

00:30:35.640 anywhere. Like imagine somebody robs your house. You call the cops. They come. What do they do?

00:30:39.900 Well, let me see this here. Fingerprints. Put it in there. Okay. It's a guy named John Doe who lives

00:30:46.700 on 42nd and Broadway. Let's go to his house right now. They pull up. Oh, he's running from the back.

00:30:52.640 Get him. Hey, finger. This is your shoes. Yes, you're out. You're going to jail. You have all the

00:30:57.920 laptops you stole. No, I sold it to the pawn shop. Well, then you're doing jail time for one year.

00:31:01.880 Remember, there's no fingerprints today. No fingerprints today. So it's a very, very weird

00:31:10.280 time. Today, it's like Trump was a president, right? And he would have been a phenomenal president

00:31:22.000 in the 50s, the 60s, because he wouldn't have a way to constantly share his thoughts on Twitter

00:31:32.580 24-7. But he would have still been a strong president on TV. But today, he created way too

00:31:39.600 many new enemies we didn't need. He kept giving birth to new enemies. I don't know if that makes

00:31:45.460 sense or not. He was constantly pissing off old enemies and waking them up. I get that. It's very

00:31:53.880 much we admire. Look at him. He's not afraid of anybody. It's great. But it's like, I totally get

00:31:58.400 it. I understand. I admire too. I love the fact that somebody says, no, I'm not. I'm standing up. Yes,

00:32:02.240 stand up. But don't give birth to new enemies. Somebody today has to be a diplomat that turns enemies

00:32:12.080 into allies, into friends. Somebody has to be a synergist today that just kind of calms the nerves.

00:32:18.380 And it's not Biden. It's not a Biden. It's not an Obama. It's not a Trump. It's got to be a

00:32:23.840 different kind of a personality. But it's a very, very random weird time today. Somebody has to be

00:32:31.320 the combination of strength, poise. Yet at the same time, their ambitions is to unite and create an

00:32:40.360 environment where there's confidence and diplomacy versus their ambition being, I have to be the most

00:32:47.520 powerful man in the world. That's a wrong kind of a time to be a leader. Anyways, I'm not even

00:32:54.260 making any sense to the viewer. I don't even know if I'm making sense to you right now. But all I'm

00:32:57.420 trying to say today is, it's a lot of wars going on that we cannot see publicly. You can't spot the

00:33:04.440 fingerprints. And it's a time that gives birth to a lot of extreme personalities. And unfortunately,

00:33:11.360 that's the last thing we need today. It's the last thing we need today.

00:33:16.500 It makes perfect sense to me. Unfortunately, it makes too much sense. And it's quite scary,

00:33:21.160 especially as you're saying that in the olden days, you could see your adversary. The good

00:33:25.000 analogy is, of course, is that fight. In Australia, we have a term called sucker punch or coward punch,

00:33:29.360 where someone comes up behind you and punches you in the back of the head. You hit the ground,

00:33:32.360 you don't even know what's happened. And I think that is happening on the global stage.

00:33:36.420 In one of your videos, the industry is facing massive disruption. You spoke about 10 things

00:33:40.960 that were restaurant, movie theaters, telecommunications, cars, wallets, retailers,

00:33:44.460 insurance, traditional journalism, college sports, gas stations. But then you put in an 11th one.

00:33:48.980 And that was really, really powerful. What you said was, given social media, and where we are at the

00:33:55.700 moment, and the social commentary and the followership from people who may not know better,

00:34:00.100 there is a likelihood that we could, in fact, see a 35-year-old president of the United States.

00:34:06.440 And when I heard that, it just blew my mind, because I'm like, this guy's dead right. It's

00:34:10.900 dead right, because we've shut down debate in university. We now just live on Twitter and social

00:34:15.540 media. People don't know what's really happening in the background. Mainstream has said, go for this

00:34:21.320 person. So we just do. And before you know it, you've got someone who does know how to use social

00:34:25.200 media. They are young and influenced by whatever's been happening at university. They have been shut

00:34:30.640 down from debate. And before we know it, we don't have the leader that you just described before that

00:34:34.200 the world needs. I thought that was powerful. Pat, I know you've got a lot on. So if you don't mind,

00:34:39.580 I'd like to close off with 15 rapid questions. Sure. You're familiar with how this works. I'd seek

00:34:45.480 a one-word answer. Less than five is okay, but one is preferable. You can pass on any and revisit if

00:34:51.560 you like. Rapid round. Bitcoin. Not going away. Gold. Get some. The US dollar. Scary. College degrees.

00:35:12.940 Unnecessary. The current global pandemic. Could have been prevented. Trump.

00:35:42.940 Necessary. Necessary. Bad timing. Biden. Not the president. Democracy.

00:36:01.420 In danger. A World War III. 0.56

00:36:04.660 Very different. True or false. True leaders are born, not created.

00:36:21.560 False. Number 11. Compulsory national service in peacetime.

00:36:30.240 Pass. The future of YouTube.

00:36:34.660 Not going away anytime soon.

00:36:41.580 Your most memorable interview.

00:36:51.440 Sammy DeBulgurvano.

00:36:53.780 An early retirement.

00:36:56.520 Never.

00:36:57.900 And number 15. This interview.

00:37:01.900 Fantastic.

00:37:02.300 Fantastic. All right.

00:37:04.360 I'm actually being honest. Fantastic.

00:37:06.420 Thank you.

00:37:06.760 And by the way, when I said Biden, not the president, what I mean by that is, it's the influential people

00:37:13.640 behind closed doors that are running America today, not him. I didn't mean this. Mine has nothing to do

00:37:18.240 with whether it was a fair election or not. I've already shared my position on that. It's about the

00:37:22.500 fact that he's not the real decision maker. Others are making it for him.

00:37:25.940 I think at a minimum, we just don't see him in front of the camera. You had Trump as one extreme,

00:37:30.280 but he was constantly tweeting 24-7. But with Biden, it's just like, where's the president of

00:37:35.680 the free world? Where's the leader? I don't see him. But look, Pat, as I said, I'm immensely

00:37:41.400 grateful not only for your time with me today. You proved that you give knowledge as well as giving

00:37:46.860 to the people who want to learn more from you in an interview such as this. Before we do close off,

00:37:51.520 how can we learn more about you? How can we get more from Valuetainment and from Pat?

00:37:56.220 I think if you want to order the book, you can go to Amazon or Barnes and Noble or

00:38:00.040 Apple to get the Audible. They can get your next five months. This will kind of give you an idea

00:38:03.700 how I think. And then if you want to see the content, it's on YouTube. And if you want to

00:38:09.020 message me, message me on Twitter, at Patrick, but David, I do respond.

00:38:13.320 I must admit, I was impressed with one of your videos when you actually did a job call out for people

00:38:17.860 during a YouTube video that you made. I'm like, I've never seen that before.

00:38:20.980 And you actually gave your phone number. I thought that was brilliant. And I'm sure you

00:38:24.260 attracted a lot of the talent from doing this. All right, Patrick, thank you so much. For those

00:38:27.940 of you who haven't met me, my name's Adam Stokes. Links below. Also, I will leave links to Valuetainment

00:38:32.340 and everything. Pat, thank you so much for joining us. Fantastic interview. Thank you.

Valuetainment - July 02, 2021

How I Would Start A New Country

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