Valuetainment - April 30, 2026


＂The Bankruptcy Of The United States＂ - Musk WARNS Only AI & Robots Can Save America

Topics
bankruptcy US work like it's up to you Vol Conference
Hosted by
Patrick Bet-David
Mentioned
Elon Musk Chicago Booth Eisenhower Michael Brandon Savior Vegas Jeff Jake
“I’ll Fight For USA” - Arman Tsarukyan CALLS OUT UFC Over White House Snub ＂MILLIONS Of Americans VOTED For This＂ - Fauci Fixer CHARGED Over COVID Conspiracy

Episode Stats


Length

17 minutes

Words per minute

209.62

Word count

3,670

Sentence count

230

Harmful content

Misogyny

5

sentences flagged

Toxicity

2

sentences flagged

Hate speech

3

sentences flagged


Summary

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

Elon Musk has a plan to solve the problem of America's $21 Trillion dollar debt problem, and it involves building artificial intelligence and robots. Jeff Perla and Alex Blumberg discuss the implications of this plan, and if it can be implemented.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
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00:00:28.000 the lama said america will 1000 go bankrupt due to debt and here's what he claims can save
00:00:36.540 the country is this it rob yes sir go for it i think that's right what was the point of
00:00:42.280 the doge cuts if the economy is going to grow so much well i think like wasting food are not
00:00:48.440 good things to have you know um i i was actually pretty worried about i i guess
00:00:54.860 I mean, I think in the absence of AI and robotics, we're actually totally screwed
00:01:01.260 because the national debt is piling up like crazy. Now, our interest payments, the interest
00:01:09.220 payments to national debt exceed the military budget, which is a trillion dollars. So over a
00:01:13.580 trillion dollars, just the interest payments. You know, that was like, I was like, okay, pretty
00:01:19.460 concerned about that. Maybe if I spend some time, we can slow down the bankruptcy of the United
00:01:24.220 States and give us enough time for the AI and robots to, you know, help solve the national
00:01:31.840 debt or not help solve.
00:01:34.040 It's the only thing that could solve the national debt.
00:01:36.320 Like we are 1000% going to go bankrupt as a country and fail as a country without AI
00:01:42.180 and robots.
00:01:43.440 Nothing else will solve the national debt.
00:01:46.100 And so we'd like to, well, we just need, we need enough time to build the AI and robots
00:01:54.080 to not go bankrupt before then.
00:01:57.200 We can pause it right there.
00:01:58.060 By the way, we got $39 trillion
00:02:00.020 out on national debt.
00:02:00.900 He's saying that.
00:02:01.500 Jeff, do you agree with him?
00:02:02.740 Yeah, look, historically,
00:02:04.500 what we did after World War II,
00:02:06.380 we got out of that debt mess
00:02:07.800 by allowing a little bit of fiscal sanity
00:02:09.780 from Truman and Eisenhower.
00:02:11.720 It wasn't aggressive.
00:02:12.940 It wasn't austerity.
00:02:13.980 It was just, hey, let's not spend
00:02:15.320 like we were during the 30s and 40s.
00:02:17.800 And you allowed the economy to grow.
00:02:19.200 So what Musk is saying is like
00:02:20.460 the economy that he sees building
00:02:22.700 from AI and robots will be enough economic growth and economic potential that if we pair that with
00:02:28.360 a little bit of fiscal sanity, we'll solve the debt problem the same way that we did in the 1950s
00:02:32.880 and 1960s before it all went to hell again afterwards. So that's the only way to do this.
00:02:38.320 That's the only legitimate way to do this, is to grow our way out of the deficit problem.
00:02:42.380 But the first part of that is you have to have a little bit of fiscal sanity and you have to have
00:02:45.880 the political will to have fiscal sanity. And in many ways, that's the hard part.
00:02:49.560 I'll put more of an emphasis on the fiscal sanity part.
00:02:53.860 Musk's right that growth is the thing that solves all wounds.
00:02:57.340 AI is one potential source of growth, not as fast as my Silicon Valley people trying to get your money on their IPO will tell you.
00:03:04.780 But it is one, you know, growth comes from new inventions like AI.
00:03:08.960 But there's statements that this is the only thing, AI is the only thing that will save us, I think, are wrong.
00:03:16.220 Because of the size of the dumpster fires.
00:03:19.000 So the main problem is spending.
00:03:21.220 And there's about a trillion dollars going down various rat holes.
00:03:23.980 Not so much fraud because it's perfectly legal fraud.
00:03:27.640 We're just talking about farm subsidies, speaking of rat hole.
00:03:31.640 But, you know, the big one is Social Security, health care.
00:03:35.120 You know, our government prints checks and sends it to voters more than it feels like taxing them.
00:03:39.040 Our tax system is completely dysfunctional.
00:03:41.560 So it is designed to raise as little money as possible as the highest possible marginal rates.
00:03:46.480 It needs the opposite.
00:03:47.840 So, you know, a 1986-style tax reform or, heaven forbid, put in a consumption tax instead of the income tax.
00:03:53.480 All straightforward.
00:03:55.080 Money would roll in.
00:03:56.040 And let's fix the dumpster fires of our growth, not just hope for AI.
00:04:01.320 Let me introduce you to the California high-speed train example.
00:04:05.940 Can you do that?
00:04:06.960 I mean, it doesn't exist, right?
00:04:08.180 Exactly.
00:04:08.920 You cannot build anything in the U.S. anymore, which, you know, actually, progressive Democrats have figured out I can't hook up my windmills to the power grid.
00:04:16.380 It takes 15 years to get the permits. Maybe something's wrong here. But there are so many just things in the way, permits in the way of getting anything done in the U.S. that I think fixing those dumpster fires of growth, getting back to a little bit of free markets, spending sanity, reform the tax code.
00:04:33.420 But those are all perfectly possible of a faintly competent government.
00:04:39.440 And then, yes, AI largely of get out of the way.
00:04:42.620 The last thing we need is an AI policy to guide the growth of AI. 0.98
00:04:46.440 That will kill it the way the Europeans did. 0.99
00:04:48.520 Yeah, the way it's set up right now, it almost feels like somebody who has terrible spending habits, 1.00
00:04:52.780 like that's in debt with their credit cards and everything,
00:04:54.640 if they were to win the lottery with the blessing of a massive economic boom,
00:04:59.520 we would handle it terribly right now because we don't have the foundation or the infrastructure
00:05:02.460 to, you know, manage the economy properly.
00:05:04.420 You know, the spending habits of Congress today
00:05:06.780 were applied to an economy where AI and robotics
00:05:09.320 bring us to the stratosphere in terms of economic growth. 0.56
00:05:11.540 We would still find a way to ruin it 0.91
00:05:12.780 because of the habits that we have in place. 0.59
00:05:14.300 Yes, they would just spend it. 0.96
00:05:15.760 Yeah, so we need to get that score, which it sucks
00:05:18.000 because, you know, the way that Elon Musk responded
00:05:19.980 to the Doge situation makes me think that, like,
00:05:22.480 it's the biggest, most powerful money pot
00:05:24.980 in the history of the world, this deficit,
00:05:26.960 like spending that happens every year,
00:05:28.240 that something scared the hell out of money,
00:05:29.920 tried to tap into that and stop it.
00:05:31.780 So he backed right away from that, and now he's just kind of taking a different approach.
00:05:35.680 Right, and it's a power center, right?
00:05:37.020 Yeah. 0.99
00:05:37.320 The bigger the government gets, the more money it has, the more political influence it has just by its very nature.
00:05:42.660 Right, all that Social Security money and military health care.
00:05:45.540 The leering center up in Minnesota, where does that come from?
00:05:48.160 But let me ask you this.
00:05:48.960 While he's talking here, he's saying things.
00:05:51.400 He's also continuing saying that saving for retirement is irrelevant because AI is going to create a world of abundance.
00:05:58.200 It will not matter when he's talking about retirement.
00:06:01.020 Rob, is this the clip?
00:06:01.880 Yes, sir.
00:06:02.360 I wonder where you guys are at with this.
00:06:03.720 Go for it.
00:06:04.380 UBI.
00:06:05.260 In other words, one of the questions is if, in fact, this future we hit massive productivity
00:06:10.720 and massive profitability because we're dividing by zero.
00:06:14.100 The cost of labor has gone to nothing.
00:06:15.660 The cost of intelligence has gone to nothing.
00:06:17.200 And we're still producing products and services faster and faster.
00:06:19.840 So there's more profitability.
00:06:21.780 Someone needs to be buying it.
00:06:23.160 And someone needs to be able to have the capital to buy it.
00:06:25.440 i mean this is an important question to get to get thought through yeah um well one like side
00:06:36.340 recommendation i have is like don't worry about like squirreling money away for uh retirement in
00:06:40.520 like 10 or 20 years one matter okay either either we're not going to be here or it just uh like
00:06:49.660 you won't need to save for retirement
00:06:52.800 if any of the things that we've
00:06:54.600 said are true, saving for retirement
00:06:57.040 will be irrelevant
00:06:57.640 services will be there to support you
00:07:00.740 you'll have the home
00:07:02.160 you'll have the healthcare
00:07:04.580 you'll have the entertainment
00:07:05.940 the way this unfolds is fundamentally impossible
00:07:09.000 to predict because of self-improvement
00:07:11.080 of the AI and the accelerating timeline
00:07:12.840 pause it right there
00:07:13.500 do you agree?
00:07:15.380 no, no, no
00:07:16.660 I mean first of all
00:07:18.040 Is that a reckless comment to make?
00:07:20.760 Yes.
00:07:21.820 What we're really talking about here, okay, let's assume that he's correct
00:07:24.600 and that we have these labor-saving robots and software and everything else,
00:07:27.720 but how do you distribute all of the goods that are made
00:07:30.480 and all the services that are provided?
00:07:32.220 You can't just eliminate the economy.
00:07:33.960 You can't just say, hey, everybody's going to have something for free.
00:07:37.560 There's still a distribution mechanism,
00:07:39.080 and there's still arguments to be made about whether or not
00:07:42.280 that's actually achievable to begin with.
00:07:44.420 Is there enough resources to be available?
00:07:46.100 I mean, they're talking about having more robots walking around than humans.
00:07:50.120 How do we get to that point to begin with?
00:07:52.440 Is that something that's going to happen in 10 or 20 years?
00:07:54.780 I highly doubt it.
00:07:56.380 I think that there is a positive outcome here,
00:07:59.380 that the human-robot partnership will make people more productive,
00:08:02.920 but people stay at the center of the economy.
00:08:05.420 They stay at the center of everything.
00:08:07.240 Yes, that was one of the more economically incoherent things.
00:08:11.280 Yeah, well, can you pull them to Michael?
00:08:12.920 One of the more economically incoherent things I've ever heard.
00:08:15.720 But these guys are brilliant about starting companies and AI, but not about adding together.
00:08:19.880 And the fancy word is cognitive dissonance for completely incompatible thoughts that live at the same time.
00:08:26.260 So at the same time, don't worry about saving for retirement because we'll all be so bountiful.
00:08:30.820 But the U.S. government is 100 percent going to go bankrupt.
00:08:33.680 You noticed that.
00:08:34.320 But we need that bankrupt government has to give universal basic income to everybody because we're all going to lose our jobs to the draw.
00:08:41.140 I mean, it just does not make any sense whatsoever.
00:08:43.620 What's going to happen?
00:08:44.400 we have seen this hundreds of times before from the invention of the printing press the steam
00:08:49.260 engine the the locomotive the steamship the tractor tractor it's 1900 70 percent of americans work on
00:08:56.560 the farm the tractors invented oh no we need universal basic income because they're all going
00:09:00.720 to be out of a job well it turned out you got it exactly right this will raise human productivity
00:09:05.800 human and this will open this ai is special because it's going to open new possibilities
00:09:11.680 It's not we have the old production line and we have now a machine that gets rid of three of you, go out and live in the streets.
00:09:18.020 No, this opens new possibilities, new businesses that you can radically reduce the scale of a business to get started.
00:09:26.300 The things that humans do are going to become worth much, much more.
00:09:30.060 And that's why humans will have the money to buy the stuff.
00:09:32.860 AI does not eliminate workers. 0.98
00:09:34.680 It eliminates hours.
00:09:35.880 It eliminates tasks and burdensome.
00:09:37.800 Right.
00:09:38.100 So you have spent less time doing the same amount of stuff.
00:09:40.520 I want the AI who can answer my email and fill out my expense reports, and I will have three quarters.
00:09:46.860 The fact that you guys are agreeing, it is scary because you guys are not talking about your blind spots.
00:09:54.360 But it will be slower.
00:09:55.620 This will not come in one or two years.
00:09:57.000 Yeah, Brandon.
00:09:57.840 Yeah, but I mean each time this happens, there's things that we never even thought of that we end up doing with the economy,
00:10:03.460 like jobs and tasks that we couldn't think of before because we didn't have the time to do it before.
00:10:07.580 But anytime, you know, you are relying on somebody else or relying on the government, especially, you're getting yourself into a trap.
00:10:13.680 Like, I mean, the sad thing is that there are going to be people who listen to him here who assume they're going to be taken care of by the system or by the government.
00:10:21.620 Horrible situation to be in.
00:10:22.940 I mean, even let's say there's retirees out there right now liquidating their stock portfolios and just going on vacations.
00:10:28.180 I think it's more his age.
00:10:29.300 Yeah.
00:10:29.760 I think it's guys in their 20s and 30s.
00:10:32.100 Yeah.
00:10:32.540 That would be reckless.
00:10:33.720 100%.
00:10:34.120 There are people that will run with this.
00:10:35.420 They'll totally, you know, take it up.
00:10:36.120 You know why, though?
00:10:36.780 You know why, though?
00:10:37.580 Because there's a big group of people that want to have a Savior.
00:10:46.340 And when I mean Savior, I'm talking different than faith.
00:10:49.140 I'm talking Savior to say they're going to save us.
00:10:52.200 They're going to take care of us financially.
00:10:54.020 They're going to do this.
00:10:55.160 Listen, you know, the old saying, pray like it's up to God,
00:10:58.980 but work like it's up to you.
00:11:00.500 And to me, if you're sitting here saying,
00:11:02.140 I mean, you can pray like it's up to Elon and all the trillionaires and billionaires that are going to take care of you,
00:11:08.280 but you better work like it's up to you because it's going to come down.
00:11:10.640 The onus is going to be on you.
00:11:11.840 You've got to pull your – I think it's a little bit reckless to make a comment like this
00:11:15.280 because you are followed by hundreds of millions of people.
00:11:20.880 Some could say you're followed by billions.
00:11:22.480 Maybe some people don't follow you, but billions know who you are.
00:11:25.440 For you to make a comment like that, it's a little bit scary.
00:11:27.440 I will say the other side as well on what you guys are talking about is, yes, the tractor.
00:11:32.820 We did an exercise together.
00:11:34.600 We looked at the numbers of what tractors did and how scary it was.
00:11:36.940 40 million workers that we had, and all of a sudden, boom, it was like, oh, my God.
00:11:40.140 And not even 40 million.
00:11:41.200 It was 40% of workers, I think, were in manufacturing.
00:11:44.640 But the difference is, you know the zero to million chart that we see?
00:11:48.880 You know the zero to million, like, hey, it took Facebook this long to get to a million.
00:11:52.300 Hey, it took Google this long.
00:11:53.840 Hey, it took ChatGBT.
00:11:55.000 How long to get to a million?
00:11:56.200 if you think about inventions that disrupted our lives and it was overnight open ai chat gbt
00:12:02.560 was overnight i was like hey can you write a rap song by trump but you know write a rap song
00:12:11.180 in tupac's voice but as if trump is saying it with the words that he would use boom that video
00:12:17.480 went viral instantly within seconds you got something so i think open ai made things and
00:12:21.940 And you know the whole atrophy conversation?
00:12:23.840 You know how I tore my ACL and everybody's telling me,
00:12:26.520 every doctor I meet with atrophy, atrophy, atrophy, atrophy, atrophy.
00:12:29.600 Your quad strength is going to go away very quickly.
00:12:32.440 But quad strength is one thing.
00:12:34.200 I can rehab it and I'm prehabiting it right now to get it addressed.
00:12:37.340 The atrophy of the brain of kids no longer need.
00:12:39.500 Like right now I'm giving an assignment to one of my nephews.
00:12:42.520 One of my nephews, as if I have 100.
00:12:44.160 I have one nephew.
00:12:45.460 I'm giving an assignment to my nephew.
00:12:47.860 and the way I'm doing it is I know you can go to chat GPT and ask for a summary of a book but I
00:12:54.620 know the three stories of the book because I've read the entire book and I'm going to say what
00:12:58.200 happened to such and such in the story because I want him to read it I don't want him to have
00:13:02.040 atrophy because he's relying on open AI so then the question becomes which we don't know we all
00:13:06.800 are you know senior fellow Hoover professor Chicago Booth I mean you know the heavyweight he's taught
00:13:13.560 what who have been your students over the years I bet you've had some students that have been very
00:13:17.300 successful in their lives that are probably famous people successful guy when it comes down to money
00:13:21.200 and you know hey you got your stuff that you've done with you know schooling and and what you're
00:13:25.240 doing now but we don't know what life is going to be like when all of a sudden we're going to the
00:13:29.740 mall we see a thousand robots we don't know what work is good we they're part of unknown this is
00:13:34.760 why i'm part of the andy grove community where he wrote a book called only the paranoid survive
00:13:39.160 i think if you're cocky arrogant confident about anything right now you will be destroyed
00:13:44.900 I think if you think you know it all right now because of whatever thinking in the past got you, 0.54
00:13:48.700 don't get me wrong, have your values, principles, all those evergreen principles,
00:13:52.100 but if you get too cocky right now, there's a percentage of things that could happen next decade or two
00:13:56.820 that we know nothing about it.
00:13:58.500 And you as a family, the leader of the family that's watching this content,
00:14:01.260 a lot of our people that follow the content, they're business owners, they're executives,
00:14:04.760 they're people that are performers, or else you couldn't listen.
00:14:07.260 You couldn't tolerate listening to us for too long, right?
00:14:09.680 So no, look at these guys.
00:14:10.620 So you're somebody, you're a performer, you're winning, it is on us.
00:14:14.120 to make sure we take the lead.
00:14:16.080 If we sit there and we're like, oh, my God, Elon Musk just told us this is great.
00:14:19.220 Babe, let's go to Vegas and double up the money and gamble.
00:14:21.780 I think there's a little bit of risk that we're facing.
00:14:24.060 I wouldn't worry about young people taking retirement advice from Elon Musk's tweets too seriously.
00:14:29.320 Where I'm in Palo Alto, most young people are still, if they're not saving for retirement,
00:14:32.900 it's because they think the climate apocalypse is going to come.
00:14:35.460 America's not Palo Alto.
00:14:37.700 You're living on an island.
00:14:39.060 No, young people who've had the unfortunate experience of a fancy university tend to believe that way.
00:14:44.120 But more seriously, you know, what's going to matter is people who know how to use AI.
00:14:49.880 So I actually think the young are going to be fine because they're the ones who know how to use AI to cheat on tests.
00:14:54.800 They're going to know how to use AI in the workplace.
00:14:56.860 And think historically.
00:14:58.480 Everything that's come, people have always said, oh, it's going to be true.
00:15:00.540 The calculator will come.
00:15:01.780 They won't know any math.
00:15:03.480 The automobile will come.
00:15:04.640 It's going to destroy the morality of young America.
00:15:07.360 It always worked out fine.
00:15:08.480 If you worry about jobs, which I do, there are going to be people who lose their jobs.
00:15:11.820 There are going to be people who are left behind.
00:15:13.520 But what we absolutely don't want to do is regulate AI or give them checks so long as they don't learn new skills and get a new job.
00:15:21.120 That's the way Europe does it.
00:15:22.560 You know, if you worry about jobs, worry about our education system.
00:15:25.260 You worry about people who aren't able to read, worry about people who aren't taught to read in schools,
00:15:30.400 who are graduated from schools thanks to the teachers' union with a third-grade reading level ability.
00:15:35.220 That's where lack of reading comes from, not because they're spending too much time scrolling AI-enabled Twitter.
00:15:39.900 For those of you guys that are small business owners or you're executives, you've got big plans for 2026.
00:15:46.680 We host an event once a year.
00:15:47.860 It's a Super Bowl of our events.
00:15:49.600 And it went from a small event that we had to now, you know, expecting 12,000 people this year.
00:15:55.280 It's a phenomenal event to go to.
00:15:57.600 Here's why.
00:15:58.140 Rob, go ahead and play the clip.
00:15:59.700 23 years old, I've gone to four to ten business conferences every year.
00:16:03.180 It doesn't matter if it's a family conference, generational wealth conference, you know, investment conference,
00:16:08.320 where to invest your money or raising your family
00:16:10.720 or even a revival church conference.
00:16:12.560 I wanted to put a business conference together
00:16:15.080 where we can talk money, business, family, faith, politics,
00:16:19.140 and nobody walks on eggshells.
00:16:21.480 And that's exactly what we did with the Vol Conference.
00:16:23.560 The first one we hosted, 440 people showed up.
00:16:26.040 I had no idea how many people were going to show up.
00:16:27.880 Now, for the first time, we're coming to the MGM Grand Arena.
00:16:30.820 The lion's right behind me, Leo the lion.
00:16:32.400 And we're expecting 12,000 people August 31st until September 3rd to cover this manual, 296 pages.
00:16:41.360 If you've never attended the Vol Conference, do yourself a favor.
00:16:44.900 Bring your wife, bring your husband, bring your kids, bring your peers, bring your clients and business owners.
00:16:49.060 I cannot wait to see you here at Las Vegas MGM Grand Arena for the first time at the Vol Conference.
00:16:54.640 We'll see you here.
00:16:55.260 We have people that came for the first time and they've never missed it.
00:16:58.760 And now they bring 50.
00:16:59.700 we had one company that brought 150 employees of theirs last year to the
00:17:03.440 vault conference.
00:17:04.320 If you're somebody that wants,
00:17:05.820 and we're about to make the announcement with speakers as well here pretty
00:17:07.880 soon, click on a QR code, go on the link below or Rob,
00:17:10.780 what's the website, by the way, the vault conference.com.
00:17:13.540 At the vault conference.com.
00:17:15.440 If you can go to my screen, disappear, Jake.
00:17:17.880 If you can go to the vault conference.com, get yourself a ticket,
00:17:21.840 your spouse, your business partners, your sales guys.
00:17:24.780 And let's spend four days together in Las Vegas, August 31st,
00:17:27.780 through the 3rd of September.