Valuetainment - ＂It's Pure Envy＂ – Billionaire Defends Elon Musk Against Bernie Sanders

00:00:00.000 We'll see you next time.

00:00:30.000 Elon Musk, as of right now, is worth around $1.3 to $1.4 trillion, as of right now, okay?

00:00:37.500 Numbers came up.

00:00:38.340 It's so funny.

00:00:40.020 I saw a meme that said the richest man in the world ended up at Elon Musk, number one.

00:00:45.320 Number two, it had Khamenei because of $300 billion.

00:00:50.880 With an asterisk.

00:00:52.680 With an asterisk.

00:00:54.680 With an asterisk.

00:00:56.020 Very bummed.

00:00:56.560 It was so hilarious that he was on there.

00:00:58.460 But Elon Musk is $1.3.

00:00:59.660 You called it, by the way, can I give you another?

00:01:01.340 Oh, Pastradamus, is that what you call him, Pastradamus?

00:01:03.480 You called the billionaire thing for Elon Musk a couple months, a year ago.

00:01:07.800 Yeah, but let me tell you, I also told, you know, I don't know who, Adam Kins,

00:01:12.800 I don't know who was a guy that responded.

00:01:14.600 I said, there's going to be two to five more trillionaires.

00:01:17.360 There's going to be five more trillionaires the next two to five years.

00:01:19.840 I think that's going to happen like this in no time.

00:01:21.320 But let's stay on this.

00:01:22.260 He becomes a trillionaire.

00:01:24.440 Bernie Sanders and Elizabeth Warren, furious, okay?

00:01:28.240 How dare you become a trillionaire?

00:01:29.660 Does a person really need that much wealth, right, to become a trillionaire?

00:01:32.940 And they commented on this.

00:01:34.000 And, guys, I think we got the clip on both of them.

00:01:35.700 If we play this clip, I want to go to this because on SpaceX, the stock's gone up.

00:01:40.440 It's not slowing down.

00:01:42.480 The valuation hasn't slowed down.

00:01:44.280 Where's SpaceX stock right now, Tom, if you look at it?

00:01:46.340 195, down a little bit today, but 195.

00:01:48.700 195.

00:01:50.020 So, you know, the people that made all the money, the 4,300, 4,400 people that became millionaires,

00:01:54.540 the 33 non-executives that made $200 million to $400 million, now that's $300 million to $600 million.

00:01:59.820 Here's Elizabeth Warren reacting to it, and then as well as Bernie Sanders,

00:02:04.040 and I want to kind of open it up because there's a cal sheet that came up,

00:02:06.920 which I'll go after this, guys, if you want to find that as well,

00:02:09.160 the cal sheet of whether the wealth tax will be on the ballot in California.

00:02:12.680 It's dropped like from 86% to 34%.

00:02:15.640 Here's Elizabeth Warren. Go for it. 1.00

00:02:19.540 Elon Musk is officially the world's first trillionaire.

00:02:23.360 Think about that.

00:02:24.640 We're living in a time when more and more people are just hanging on by their fingernails

00:02:28.860 to survive in this economy, and Elon Musk has more money and more wealth

00:02:34.600 than anyone in human history.

00:02:37.860 I want to be clear.

00:02:39.340 This is not just some fluke.

00:02:41.560 It is a feature of a rigged economy.

00:02:45.060 Elon Musk is officially...

00:02:47.120 It's a rigged economy.

00:02:48.640 So that's her saying, a rigged economy.

00:02:51.280 Bernie Sanders comes out and says,

00:02:53.520 Elon Musk's rise to trillionaire status is not a time to celebrate.

00:02:56.280 It's a call to action to take on the unprecedented income and wealth inequality that now exists and the greed and power of a ruling class that is destroying the social fabric of America.

00:03:04.240 Our democracy cannot survive when one man who has contributed $290 million to get Trump elected becomes $700 billion richer since he got elected.

00:03:12.940 Our economy cannot sustain itself when one man owns more wealth than the bottom half of our society, when 60% of our people have paycheck to paycheck,

00:03:20.660 When we have the highest rate of childhood poverty of any major nation and when our kids have a lower standard of living than their parents, this is not about wealth.

00:03:29.440 It's about power.

00:03:30.160 Musk and his fellow oligarchs want it all.

00:03:32.840 Together, we must fight back.

00:03:34.860 We can and must create an economy and government that works for all of us, not just Elon Musk and his fellow billionaires.

00:03:41.680 So as a billionaire, John, how do you react to this?

00:03:45.140 In my soon-to-be best-selling book, Life is Luck, I write – oh, it's here.

00:03:53.260 Yes, it's here.

00:03:54.020 Surprise.

00:03:54.800 Hey, we have one.

00:03:55.740 Oh, I'm so surprised.

00:03:58.380 I write about Elon Musk.

00:04:00.940 Does everybody at this table know about a concept called first principle thinking?

00:04:05.660 No.

00:04:06.680 Yes, first principles, yeah.

00:04:07.920 First principle thinking.

00:04:08.900 Yeah.

00:04:09.060 It was originated by Aristotle.

00:04:12.460 And basically, what Elon Musk is, is a first principle thinker.

00:04:17.200 And here's how first principle thinking works.

00:04:20.620 There are assumptions that we've all made for a long, long time.

00:04:24.560 And those assumptions stop us from doing a lot of things

00:04:27.760 because we believe those assumptions to be true.

00:04:31.100 What first principle thinking does and what Aristotle taught Elon Musk

00:04:35.600 is you take those assumptions and you deconstruct them.

00:04:39.900 And then you say, let's see how we can do it another way.

00:04:44.080 Most of Elon Musk's businesses are based on first principle thinking.

00:04:49.520 Here's how.

00:04:51.820 SpaceX.

00:04:53.100 They say the rockets were too expensive.

00:04:55.740 The rockets cost X.

00:04:59.980 Guess what Elon Musk did?

00:05:02.240 He deconstructed that and he said, what about this?

00:05:06.380 What about if I build my own rockets, and instead of being 10X, it's X?

00:05:14.080 That's why it works.

00:05:15.300 That's first principle thinking.

00:05:17.000 With the Tesla cars, it was impossible for a lot of reasons, but mainly batteries.

00:05:24.820 And I think that's why we want Greenland to get minerals to run these batteries.

00:05:30.840 And he said, you know what, and charging stations.

00:05:33.500 And so all the big guys said it won't work.

00:05:37.340 Elon Musk, with his first principle thinking, deconstructed all those assumptions and said,

00:05:43.940 you know what, I'm going to do it this way.

00:05:46.700 What are his other first principle thinking?

00:05:48.900 These tubes between cities, Las Vegas and Los Angeles.

00:05:53.180 And then his ultimate first principle thought is life on Mars.

00:05:57.260 The reason Elon Musk deserves it is because with first principle thinking, he took the impossible that the smartest people in the world agreed was impossible and then made it possible.

00:06:12.140 And when you start trying to take away incentives to do big things, you are taking away the concept of the American dream.

00:06:22.720 So what do you say to Warren and to Bernie and them saying, you know, I cannot believe how much wealth he has.

00:06:29.220 This is not good. We shouldn't see something like this.

00:06:31.660 I'd say to them, what do you want him to do? Do you want him to stop?

00:06:34.980 Do you want autonomous vehicles or not? Do you want us to be first in space?

00:06:41.180 Do you want us to have colonies to go to? Do you want driverless cars?

00:06:45.120 Look, autonomous vehicles put me out of business in a lot of ways.

00:06:48.860 but guess what 43,000 people aren't killed a year if he gets his way so look here's the thing that

00:06:57.780 I think is driving most of it it's a phrase you all have heard many times comparison is the thief

00:07:04.620 of joy and I believe what drives a lot of this is just pure unadulterated envy for a guy who

00:07:12.900 look the guy's off he's somewhere on a spectrum we don't know he stays high half of the day

00:07:20.420 but he's a genius and he's a first principle thinker so I think they're off base great

00:07:26.860 teaching by the way very very good teaching and folks if you're watching this this is why I love

00:07:31.420 talking to John if you truly want to experience what it is to go become wealthy have a good

00:07:35.740 family enjoy yourself this guy's a lot of fun as well go support his book life is luck Tom your

00:07:41.000 thoughts on the story with, and by the way, let's

00:07:43.000 put the link below, guys, in the

00:07:44.880 description, in the comment, please, to make sure people

00:07:46.880 can go support it. Tom, your thoughts on the story

00:07:48.860 with Musk becoming a trillionaire, and

00:07:50.860 Bernie Sanders and Elizabeth Warren going after

00:07:52.920 him. I don't understand it, because I look at the

00:07:54.920 and I'll tell you why I don't understand.

00:07:57.180 I think it is, I think John's

00:07:58.900 correct about the jealousy

00:08:00.520 and about the envy, because think of

00:08:02.880 the things he's accomplished. Are

00:08:04.860 the Dems not in favor of green

00:08:06.780 energy and solar?

00:08:08.860 And so the guy that has invented these battery

00:08:10.840 packs that go in your house to store energy made at a lower cost and then teslas which do not use

00:08:18.560 internal combustion starlink starlink starlink and by the way he's running a space program based on

00:08:25.640 not by dropping crap into the ocean after you launch a rocket which is the only way nasa and

00:08:31.700 the soviets and the french have done it for and the chinese have done it for decades he's like 0.63

00:08:37.300 no, maybe, wait, wait, wait, wait, wait. What if we just reuse the rocket and I catch it with this

00:08:42.600 large stand with these big metal chopsticks and I'll keep reusing it rather than dump it in the

00:08:48.080 ocean? So why aren't the Democrats praising all of this list of things, which brings a green angle

00:08:55.620 and not more. And by the way, let's not talk about the chemicals that are inside those rockets when

00:08:59.380 they get dropped in the engine, dropped in the ocean by NASA, Russia, China, everybody else.

00:09:04.940 There's a lot of stuff in there at the bottom of the ocean.

00:09:08.000 And so here he is in many ways green, and wouldn't that play to them?

00:09:12.600 Wouldn't they be praising this because this is the kind of things they want?

00:09:16.420 No.

00:09:17.260 Instead, it goes the other way.

00:09:19.500 And the other part is they don't have anything else to talk about.

00:09:24.320 I once had a college professor that said, hey, on the essays, write me a one-sentence note if you really don't understand it.

00:09:31.380 Because if you have nothing to say, be brief, and I will credit the fact that you didn't waste my time having to read B.S.

00:09:39.540 And so I think they don't have anything to say.

00:09:43.160 What do they have to sell the American people on vision and future on product?

00:09:48.220 No, they have to sell fear.

00:09:50.840 They have to sell you got left out.

00:09:54.380 They have to sell the system is rigged.

00:09:57.280 That's what they have to sell.

00:09:58.660 They can't go off message.

00:09:59.680 and so they have to use this on message and it's old it's stale and to people who are seeing a

00:10:08.340 little bit of light a little bit of opportunity you know i i think i don't think this message is

00:10:13.840 going to uh play well in the middle i think it will at the bottom okay adam i agree with my uh

00:10:20.740 rich smart friends to my right of me uh listen uh elon musk i think he famously quoted he said

00:10:26.620 You get paid in direct proportion to the difficulty of the size of the problems you solve.

00:10:33.440 Has anybody solved bigger problems than Elon Musk?

00:10:36.340 This guy's making autonomous vehicles, chips in your brain that you can think about what you want to do,

00:10:41.860 rockets to space, and what do the Bernie Sanders of the world, the Elizabeth Warrens of the world,

00:10:48.220 they want to hate on this.

00:10:50.380 They don't want innovation.

00:10:51.800 All they want to do, and it's such an attractive message,

00:10:54.720 If you're just talking about first principles, if you just don't know anything and you're like, he's a trillionaire, we should take his money.

00:11:01.220 All they want to do is seize, tax, blame, shift blame.

00:11:07.180 Don't look at all the corruption we're doing.

00:11:09.240 He's a trillionaire.

00:11:10.420 And the average person goes, trillionaire?

00:11:13.280 I'm barely a thousandaire.

00:11:15.380 Barely a millionaire, a billionaire, trillionaire, take his money.

00:11:19.200 What they don't want to focus on is all the benefits that the billionaires have done for society.

00:11:24.220 The funniest things to me is sometimes you'll see, like, somebody working on their computer with their cell phone, with a Starbucks, saying, like, socialism rocks.

00:11:32.860 It's like all the products you're using were built by capitalists.

00:11:37.280 But it's cognitive dissonance, and they just want to.

00:11:39.860 Yeah, and one of the reasons I was going to tell you that I write in there is this.

00:11:43.580 I spent some time studying lotteries.

00:11:46.920 And you cannot believe the amount of money spent on lotteries in America.

00:11:52.600 It's like an average person spends like $440 a year.

00:11:57.640 Stop it.

00:11:57.920 A year.

00:11:58.940 Why? 0.92

00:12:00.180 They want to be rich. 0.97

00:12:03.260 They're trying to hit the Powerball.

00:12:06.540 There's, you know, Gambler's Anonymous because people, everybody wants out.

00:12:14.120 And when they don't get out, they get mad.

00:12:18.420 And when they get mad, they get jealous.

00:12:20.520 and then they say, if not them, you know, give me a lottery.

00:12:25.920 Somebody else's fault.

00:12:27.000 And then the interesting part that I write about lotteries in that book is

00:12:30.300 once they get the money, you ought to follow the lives of lottery winners after.

00:12:36.280 Horrible. 0.99

00:12:36.740 I mean, they all fuck it up. 1.00

00:12:38.180 It's all gone in five years. 1.00

00:12:39.620 They all fuck it up. 0.99

00:12:40.820 You're absolutely right. 0.94

00:12:41.180 By the way, the best part about this book, the picture, is the one on the back.

00:12:44.600 Can you zoom in?

00:12:45.400 Oh, my family.

00:12:45.920 This is the best part about the picture.

00:12:47.260 Yeah.

00:12:47.520 Okay?

00:12:47.900 It's my crowd.

00:12:48.500 Look how awesome this is.

00:12:49.940 The whole family on the back.

00:12:51.280 Nothing matters more than this.

00:12:52.600 I wish this wasn't a front, but life is.

00:12:54.740 So let me tell you what direction I go with this.

00:12:57.340 So for me, do you know what percentage of R&D, okay,

00:13:04.600 does the private sector spend every year now private to the government?

00:13:10.180 What percentage R&D of the total money spent is private versus the federal government?

00:13:14.560 I'd say 90% is private.

00:13:16.420 80-20 is private.

00:13:17.920 Here's the tricky part.

00:13:18.920 Do you know when it was equal?

00:13:21.060 1980.

00:13:22.300 In 1980, it was the same.

00:13:24.680 So whatever private sector spent on R&D was the same as the federal government would.

00:13:31.360 By 2020, the private sector was beating them 3.6 times the amount.

00:13:36.940 So then you're going to see the patents, the number of inventions that come out.

00:13:40.800 patent ownership. U.S. businesses receive 85 to 86 percent of U.S. PTO utility patents

00:13:47.100 assigned to domestic owners. The government sector, less than 1 percent. Government-funded

00:13:52.400 patents, which is what a lot of people will say, well, you know what, SpaceX, the government kind

00:13:56.000 of supported it, and they were involved, et cetera, et cetera. Only 2 percent of U.S. patents are

00:14:00.040 publicly funded but privately owned, yet they account for 20 percent of medium-term fluctuations

00:14:05.000 in productivity and GDP growth.

00:14:07.920 When you continue with the patents, patent volume by sector,

00:14:10.980 businesses, 85% of patents, individuals, 9%.

00:14:14.700 Vinny, watch this.

00:14:15.740 Out of all the patents they submit, 85% businesses, 9% individuals,

00:14:21.820 4% academia, which is what?

00:14:24.340 Universities, I'm working for Yale, 1% is the U.S. government.

00:14:27.880 So guess who is creating?

00:14:29.700 So what do you want to do, Elizabeth Warren and Bernie Sanders?

00:14:32.560 You guys going to invent the next big thing?

00:14:35.020 Seriously?

00:14:35.760 And you know where some of our greatest inventions came from?

00:14:38.100 Where is that?

00:14:38.800 NASA.

00:14:40.060 Some of the greatest inventions.

00:14:41.980 And you know who stopped funding for NASA?

00:14:44.800 Yeah, and guess who the new NASA is?

00:14:46.740 Elon Musk.

00:14:47.420 Right.

00:14:48.000 But by the way, do you know who stopped funding for NASA?

00:14:51.220 Can you pull up on chat, GBT, who was the main guy that stopped funding money for NASA?

00:14:56.700 If I'm not mistaken, this was around the Obama era where Obama said there's not a lot of benefit for us investing money into NASA.

00:15:05.260 Fact check me on this, on the story.

00:15:07.420 If I'm not mistaken, it was about 15 years ago, 2012, 2013, 2014, when they were kind of getting away from it.

00:15:15.120 Am I correct or I could be wrong?

00:15:16.280 You are right.

00:15:16.940 In 2011, the Obama administration requested to completely cancel the NASA Constellation program was a $9 billion effort to return astronauts to the moon to look for minerals.

00:15:29.160 It's not worth us doing it.

00:15:30.780 You're an encyclopedia.

00:15:31.940 Yeah, it's not worth it.

00:15:32.620 I can't believe you're pulling this down.

00:15:34.360 We talk to each other so much.

00:15:36.480 We make ourselves smarter.

00:15:37.500 But when you think about that, so one guy's like, forget about seeing what's out there.

00:15:41.920 The other guy's like, look, if you're not going to do it, I'm going to do it.

00:15:44.020 That's blue ocean strategy.

00:15:45.040 I see an opportunity.

00:15:45.740 I go with this.

00:15:46.320 So I hope kids see this.

00:15:48.960 The world's a better place if a million kids watch and say,

00:15:52.920 I want to be the next Elon Musk, and you fail miserably,

00:15:55.620 and you just become a billionaire, okay?

00:15:57.680 And you don't become a trillionaire.

00:15:58.920 Because somebody is sitting out there.

00:16:00.740 I'm having this conversation.

00:16:01.780 Who am I talking to this weekend that's also, okay, yeah,

00:16:05.040 we're on a flight with a very well-known lawyer,

00:16:07.120 and we're going out there, and the conversation came about a few different.

00:16:11.380 This guy represents everybody.

00:16:13.080 I don't want to say anything.

00:16:13.920 I don't want anything to come out on what this conversation was about.

00:16:16.320 And he says, Elon Musk issues with father, Jeff Bezos adopted, Steve Jobs adopted by an Armenian lady that adopted Steve Jobs, by the way.

00:16:27.280 I don't know if you know this or not.

00:16:28.340 I remember.

00:16:28.820 All of these pains that they went through and then they eventually become what?

00:16:32.940 Imagine all that pain you must go through as a kid to be able to handle building such big things.

00:16:39.220 And behind closed doors, Vinny, like, you know, what's the hardest part about doing something big that some of these guys are doing?

00:16:45.540 Being able to handle the constant scrutiny.

00:16:49.100 So imagine how many people quit on Elon Musk that they were working hard for him.

00:16:53.200 Imagine he's like, no, guys, we've got to work hard. 0.98

00:16:54.880 We've got to go out of his freaking mind.

00:16:56.360 So imagine the first Falcon fails. 0.97

00:16:58.760 The second one fails.

00:17:00.480 The third one fails.

00:17:02.140 The fourth one fails.

00:17:03.520 Imagine you're in front of your staff and you just lost 200 of your employees. 0.74

00:17:08.880 And they're all talking shit to convince the other 400 to quit, the other 800 to quit. 0.95

00:17:13.820 And they're saying, dude, this guy's not going to be able to pull this off. 0.98

00:17:16.100 If the U.S. government stopped funding NASA, why do you think that is?

00:17:19.600 They know something he doesn't know.

00:17:21.040 You're banking on a guy more than you're banking on NASA,

00:17:23.400 and the guys that stuck around, guess what they said?

00:17:25.300 Yes, we are.

00:17:26.300 Rich.

00:17:26.680 We're doing that.

00:17:27.480 That's exactly what we're doing.

00:17:28.740 And then their lives change.

00:17:30.300 By the way, there's an old TED Talks video where the guy gets up.

00:17:35.780 Have you guys ever seen this guy when the first guy starts dancing?

00:17:38.240 Humberto, I know for a fact, as a guy that knows all the videos on YouTube,

00:17:42.260 I know for a fact you know that video.

00:17:44.080 It's a video of a guy that's at a park and he starts dancing in the field

00:17:48.300 and he's dancing by himself.

00:17:50.060 And you know the types of people that don't know how to dance

00:17:51.920 and they're just kind of dancing like this.

00:17:53.640 And he's doing one of these things.

00:17:54.960 And then all of a sudden, one guy joins him.

00:18:00.600 And the one guy that joins him is like,

00:18:02.740 who the hell is going to dance with that guy?

00:18:04.420 And one guy just starts going out there and starts doing all these things.

00:18:06.320 We're all going to dance with you, Tom.

00:18:07.800 And then within two minutes, there's 100 people that are – this is it.

00:18:13.180 This is like the famous clip that went viral 20 years ago.

00:18:15.960 Go ahead.

00:18:16.200 Watch this.

00:18:17.360 Sometimes this is you, entrepreneurs.

00:18:19.280 Look at that guy.

00:18:20.460 I don't know if we would qualify that guy as a professional dancer.

00:18:23.320 Can you lower the audio a little bit so we don't get flagged for the music?

00:18:26.160 He's just doing his thing.

00:18:27.780 99% of people watching this guy are saying this guy is high, drunk, or crazy 0.63

00:18:32.060 or going to a mental hospital.

00:18:33.580 But the first guy joins him.

00:18:34.800 There we go.

00:18:35.480 And this guy also doesn't have a clue what he's doing.

00:18:37.040 Maybe he's got a little bit better.

00:18:37.840 He's like, let's go, brother.

00:18:38.820 Let's do this thing.

00:18:39.360 And they start dancing.

00:18:40.020 He's the first believer. 0.98

00:18:41.060 I believe in this crazy guy. 0.70

00:18:43.040 I believe in him. 0.84

00:18:43.760 Do your hands like this.

00:18:44.700 And then if you can fast forward 30 seconds.

00:18:46.520 Bring in the home team.

00:18:47.360 Fast forward 30 seconds.

00:18:48.560 Watch what happens.

00:18:49.760 Keep going.

00:18:50.360 Keep going.

00:18:50.780 Still nobody.

00:18:51.420 Look at this.

00:18:52.020 Now we've got a third person.

00:18:53.780 Look at that.

00:18:54.360 He's rolling.

00:18:55.120 Now you've got a crowd.

00:18:57.000 10.

00:18:57.900 But you know what?

00:18:59.460 20. 1.00

00:19:00.080 Here she comes. 0.99

00:19:01.020 Here she goes.

00:19:01.540 You know what the biggest part about this is, John?

00:19:02.700 I'm going to come to you.

00:19:03.260 You know what's the biggest part about this?

00:19:04.320 how long can you go by yourself before that first true believer shows up man it is the hardest

00:19:09.840 thing to do in life john final thoughts final thoughts number one that clip reminded me when

00:19:16.380 i was a little boy i'd go to my uncle's farm and we were picking tobacco and i'd see these cows in

00:19:21.800 a field and i see one one cow start to trot up the top of the hill the bull and then another cow

00:19:28.680 would barely trot up to the hill and then all of a sudden they kind of started picking up speed and

00:19:35.060 before it they would all run to the top of the field and then to get the top of the field and 0.88

00:19:40.860 they look around they go what the fuck are we running for what are we doing up here we have 0.96

00:19:47.140 no fucking idea we just he started he started running and so so at the end of the day at the 0.99

00:19:54.580 At the end of the day, a lot of us are cows. 0.98

00:19:56.480 Last thing about the book, I write a chapter about this is Elon Musk's.

00:20:01.540 To find luck, the best luck, if you have the balls to make failure your friend,

00:20:09.300 those lessons in failure is what separates Elon Musk from the rest of us.

00:20:16.580 Fail, learn, fail, learn, fail, learn, fail, trillionaire.

00:20:22.480 That's right.

00:20:23.080 That's so cool.

00:20:24.220 Yeah.

00:20:24.320 I mean, so, I mean, think about the failures that he's had and the people who walked away from him not believing.

00:20:32.480 And so that's what I would tell Elizabeth Warren.

00:20:34.920 And mind you, Elizabeth Warren and the Bernie Sanders, it's always, by the way, and I think it's all political, obviously.

00:20:41.100 These are the same people that are probably making that tweet from a private jet and going to one of his $3 million homes where he's like, no, no, he's trying to BS.

00:20:51.520 And Adam said this a while ago, and he said it multiple times.

00:20:55.240 This is the future, John, of the Democratic Party.

00:20:59.420 It's, hey, the rich, it's the socialism, it's the communism,

00:21:02.840 it's the rich are too rich, let's take it all and just give it to us.

00:21:05.740 Meanwhile, they're the rich ones.

00:21:07.100 Vinny, you know how important it is that the guy got this deal done?

00:21:10.560 Let me tell you why.

00:21:12.140 Because oil is what, $76.

00:21:14.840 If we can pull up to see what oil is right now,

00:21:16.920 I don't know, whatever the numbers, guys in the back,

00:21:19.700 if you guys can pull that up to see where it's at.

00:21:21.420 So oil drops to 76.

00:21:23.200 How long will it take for us to see the reflection at the gas station?

00:21:25.820 I don't know.

00:21:26.240 One week, two weeks, four weeks, six weeks.

00:21:27.780 You're going to see it, right?

00:21:28.480 It's going to take a minute to get it.

00:21:31.040 The Scorebet app here with trusted stats and real-time sports news.

00:21:34.740 Yeah, hey, who should I take in the Boston game?

00:21:36.820 Well, statistically speaking.

00:21:38.360 Nah, no more statistically speaking. 0.99

00:21:40.120 I want hot takes. 0.99

00:21:41.220 I want knee-jerk reactions.

00:21:42.820 That's not really what I do.

00:21:44.960 Is that because you don't have any knees?

00:21:46.380 the score bet trusted sports content seamless sports betting download today 19 plus ontario

00:21:53.900 only if you have questions or concerns about your gambling or the gambling of someone close to you

00:21:57.360 please go to conix ontario.ca well the dealers will gouge for a while the dealers will gouge

00:22:02.720 for a while but just like a hurricane but just like capitalism typically if you ever see a gas

00:22:07.340 station there's another gas station across the street all i have to do is 10 cents lower i'm

00:22:11.300 like hey i'm making money prices are coming down i used to own shell gas stations and you know when

00:22:16.040 And as a hurricane, you see these people out by the airport.

00:22:18.860 They did not lower there.

00:22:20.560 So the people need to watch for the gougers.

00:22:23.000 They're going to be saying, oh, this is still a problem.

00:22:24.660 But I think the gougers are going to lose customers.

00:22:26.500 The gougers, what the customers need to do is look at those numbers.

00:22:30.300 That's right.

00:22:30.860 Because by law, you've got to post. 0.92

00:22:32.460 John, I'm convinced you're Armenian. 1.00

00:22:34.600 I don't think you're American.

00:22:35.600 I think there's an Armenian.

00:22:37.020 I'm Morgonian.

00:22:37.740 I think Jewish because I've always thought I was somehow Jewish.

00:22:44.240 And one day, years ago, I'm asleep, taking a nap, and my daughter shakes me and says,

00:22:50.400 Daddy, wake up.

00:22:51.300 I said, why?

00:22:52.440 She said, you're Jewish.

00:22:53.680 I said, what do you mean?

00:22:54.660 She said, I'm on Ancestry.com.

00:22:56.900 Your great, great, great grandfather.

00:23:00.620 His name was Saul Morgan.

00:23:03.180 I go, I'm a Jew.

00:23:06.080 Welcome to the tribe, my friend.

00:23:07.940 Welcome to the tribe.

00:23:09.360 We love having you.

00:23:10.360 I thought you were going to say Saul Rosenberg.

00:23:12.060 Well, I think it was Saul Morgenstein when they first came over.

00:23:17.540 I got it.

00:23:17.840 That's why you're such a good storyteller.

00:23:19.720 Yes.

00:23:20.340 Storyteller, Gene.

00:23:21.180 But you know what is crazy as we're talking about all this stuff?

00:23:23.740 The Cal Shea, whether the billionaire wealth tax will be on or not,

00:23:27.040 look what happened to it all of a sudden within two days.

00:23:28.880 Did you guys see this?

00:23:29.980 Can you zoom in a little bit?

00:23:31.200 It just dropped from 40 to 60.

00:23:33.480 There's another one.

00:23:34.480 There's another one that's out there.

00:23:35.800 I think you have another one.

00:23:36.660 There's another one that's a bigger number than 458.

00:23:39.640 But you can see this one.

00:23:40.700 to drop dramatically in a big way. If you are a father and you want to find out how to raise strong

00:23:46.400 kids in this crazy time that we're living in, I'm hosting a free webinar. Again, watch this video.

00:23:51.100 Go for it. Fathers, one of the most powerful quotes I ever heard was the following. Your ceiling

00:23:55.820 is your kid's floor. Let me say it one more time. Your ceiling is your kid's floor. The more we

00:24:02.780 raise the standards on the way we lead, on the way we live, on the way we make money, on the way we

00:24:07.920 take care of our kids that becomes the floor for them to go above it so if you're watching this i

00:24:12.760 know deep down inside we all want to be great fathers legacy matters to you want to raise them

00:24:17.260 well you want to look at them do great things bigger than you and i did in our lives right

00:24:21.580 if that's important to you because i know it is july 1st 6 p.m eastern standard time i'm doing

00:24:27.200 a free webinar to share with you what's worked for me and what hasn't if you want to be a part

00:24:31.420 of it click on a link above or below register i look forward to seeing you there go to vtwebinar

00:24:37.560 dot com to register everybody at the end will get the notes to be given 10 conversations you

00:24:42.760 should have with your sons bunch of different things six different types of fathers if you

00:24:46.340 haven't registered for go to vtwebinar.com register we look forward to seeing you there

00:24:50.540 if you enjoy this video you want to watch more videos like this click here and if you want to

00:24:53.640 watch the entire podcast, click

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Valuetainment - June 20, 2026

＂It's Pure Envy＂ – Billionaire Defends Elon Musk Against Bernie Sanders

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