Kind: captions
Language: en
Nick Fuentes and Piers Morgan collide
over whether Hitler was very effing cool
or not. Japan's economic troubles
continue a pace as [music] debt
threatens to finally engulf their entire
economy. China fires rhetorical shots at
Japan about accepting that they're a
defeated country as tensions between
them both continue to [music] rise. XAI
plans to redefine the size and scope of
what an IPO is so they can build [music]
data centers in space and Australia has
made it illegal for children under 16 to
be on social media. Nick Fuentes was
talking to Piers Morgan. But before we
jump into the actual interview, I have
to play this edit cuz I think this is
like the clip of the year when I found
it.
>> How can you [music] call it a movement
when you have no motion? You can't call
it a movement cuz you have no motion.
[music] NONE OF THESE [ __ ] have motion
except for me.
>> The edits,
>> none of them have motion except for me.
>> Um, the fact that he d he says the
n-word and uses it with a a feel about
that yet. Um, really?
>> I don't know how I feel about that.
>> You're not like 100% opposed.
>> Nick is a troll and we're going to talk
about that with the Piers Morgan
episode. But there is something to your
point of the youth. He has captured
something that I think a lot of
Republicans thought Charlie Kirk had,
thought Trump had, thought it was a
manosphere of the podcast. But we're
starting to realize, no, this is an
entirely different ethos of people. And
for some reason, he's not going away.
He's been banned. He's been ridiculed.
He's been quote unquote uh uh
reprimanded, condemned. He'd been
disavowed. He's been told not to play
with the the grown-up Republicans. But
yet, he doesn't He's still on Tucker.
He's still on Steven Crowder. He's still
on Pierce Morgan. What's your take on
Nick Fuentes and how he has been so
electric in the movement?
>> Um, I think he sums up his own position
very well, which is we're done clutching
our pearls. We being especially young
white men, but I think young men in
general, and I remember watching this
and Douglas Murray just really had
clarity on this. Uh, shout out to
Douglas Murray, man. And he said,
"Listen, if you keep bashing
white men and saying that whiteness is
bad, it's some sort of original sin, I
guarantee you what's going to happen is
they are going to band together. They
are going to start thinking of
themselves as white first." And you do
not want people grouping up based on
being white first. And and I think that
holds true of any race, PS, by the way.
But um
>> that's exactly what's happening. And so
this is a psychological principle. If
you beat me up and tell me that I'm bad,
bad bad for insert trait that I can't
change and then I run into somebody else
who has that same trait and I know
they've been treated exactly the way
that I've been treated, like all of a
sudden I'm going to be like, "Hold on,
we're going to glom on." And if there
are millions of us, like, bro, this is a
bad strategy. It was a dumb idea when
they did it. It's a dumber idea now that
they see what's happening and they're
continuing to double down. That's so
dumb. The youth is always going to take
over. Do you really want them to take
over out of bitterness and aggression? I
would put forward no. That's a terrible
[ __ ] idea. So, nonetheless, here we
are. And I don't know what they thought
the endgame was. that they were really
just going to be able to um feminize
every man, get every white person to
back the [ __ ] off and sit down and shut
up. Like that is a dumb [ __ ]
strategy. It doesn't work with anybody.
Every group is going to rise up. And by
the way, whites are only like 8% of the
global population. So this is not like
you look around and all you just see is
a sea of white people. It it is this is
a legitimate minority that will have
minority vibes that will band together.
see themselves as white first and cause
all kinds of problems. I think it is a
really stupid idea. So, am I at all
surprised by his rise to popularity? I
was when it happened. I won't lie. But
now, as I look back and math it, I'm
like, "Yeah,
this is precisely what Douglas Murray
was trying to warn us about."
>> All right, let's jump into his um
interview with Piers. The The thing
about Nick that I think gets him in
trouble is not his populism. It's not
what he's rooting for. It's not even his
political stance. It's that he belittles
things that I think are more important
or or sacred than people have. And this
is going to the Hitler is cool thing.
Um, but let's go into his thoughts on
women for a second and maybe this can
kind of color where he comes from and
how he became the person that he is.
>> Just to clear up one of the many
theories about you. I have no idea what
the answer is and you haven't got to
answer, but are you actually attracted
to women?
>> I am attracted to women.
>> You're not gay.
No, but I will say that women are very
difficult to be around.
>> Okay.
>> So, there's that.
>> And do you think they should have the
right to vote?
>> I do not. No, absolutely not.
>> They should stay at home.
>> Well, yeah. Absolutely.
>> So, basically, you're just a misogynist
old dinosaur, aren't you? For a for a
young guy. I mean, I know I'm the
boomer. I know I'm the boomer here, but
actually you're a 27year-old dinosaur,
aren't you? Aren't you, Nick Fuentes?
All women. All women are annoying.
>> Appears it is worse.
>> All women grow old. They all get fat.
Says the guy. Have you ever had sex?
>> No. Absolutely not.
>> Wow. Says the guy who's never got laid
>> here. I would have never thought to ask
that question.
>> Yeah.
>> I was shocked when he was like, "No."
>> What? Dude, uh, this this may be the
part of the young male experience that I
am most confused by. I remember being
like 14 and it hit me one day and I was
like, "Wait, I'm one day going to put my
penis in a vagina. Like, this is going
to be [ __ ] wild." And I couldn't have
been more excited about it.
[clears throat]
>> I I was legitimately giddy at the
thought that one day I was actually
going to do that. And now it doesn't
like it was I won't say allconsuming but
damn a lot of my high school was
oriented around uh relationships. Now I
was not good with women. I think I've
been abundantly clear about that. But
were they an obsession? Was I trying?
Yes. Very aggressively. And so for him
to be like
I don't it's it is a bad frame of
reference to have adopted. I'm not
saying that I can't walk people through
the steps that have led us here, but it
is a very bad frame of reference to
adopt, to be closed off, to uh lump all
women together as if they are some
monolithic body. Uh to think that
while women are very different, and I
certainly understand that there can be
frustrations to cohabitating certainly
with a woman because they view the world
so differently. Uh but when you think of
them as a partner, unbelievable things
unlock. You just have to have very good,
I call them rules of engagement, uh, so
that you're not driving each other crazy
all the time. But it's weird to me that
he is
just so nonchalant. I How old is he?
>> 27.
>> Wow, bro. That is
>> like he's making money at this point.
So,
>> oh, he is voluntarily celibate. Make no
mistake. Like, this is not a kid that
can't get laid. He's good-looking. He's
very charismatic. And boys and girls, if
you were confused, women go for charisma
before they go for just like rugged good
looks. And if you put together charisma,
fame, and money, like there are a litany
of women that would sleep with this kid.
And so he is thousand% staying celibate
by choice, which is very hard for me to
understand. I I guess the thing about me
is similar to you, there is this
northstar, at least I was growing up,
that you kind of go down two paths where
it's like I need to become the best
person I can be so that way I can then
increase my value in the sexual
marketplace so that way I can get laid,
get a girl, have a family. Or the other
thing was like, okay, I already look
good. I'm going to just get a girl then.
So I feel like as a young man, those are
your two options. Either get better to
get a girl or just get a girl. So the
fact that he is 27, he has rose in
popularity and he also is voluntarily
celibate. Like what is that north star
then? Maybe is that where the hate is
coming from? What what are you using?
What are you doing with your time? And I
know that that sounds very trivial and
there's probably women in their chat
rolling their eyes right now, but like
seriously as a driver for men that is a
incentive to become better.
>> It is the incentive to become better.
There is nothing higher. Men will send
themselves into war when they no longer
believe that they have mating
opportunities. M
>> they will go kill and risk dying to get
laid. So anybody that thinks that there
won't be problems that come from men
ejecting out of that system or out of
their [ __ ] minds. And the only way
that um men are going to be able to
sustain this for the long term is I
guess access to pornography. Certainly
AI and sex bots will um give an outlet
for that extremely intense impulse that
is buried very deeply in the brains of
men. So unless we've got like a m
microlastics problem that is manifesting
as they legitimately do not care like
it's changed their brain wiring uh
there's no way this one does not start
to become problematic for sure and even
if western men completely eject out of
this I guarantee that other men around
the world absolutely will not and so
this is a fundamental biological drive
>> uh it manifests as a need in the same
way that hunger or uh thirst manifests.
So yeah, you unless again literally it's
been destroyed by environmental toxins
or something. Uh there's no universe in
which this does not um rebound in some
horrible way either where people that
aren't having sex, they just cease to
exist obviously because they're not
procreating and the people that are
procreating just take over the world and
this is a momentary blip. uh or there's
a big rebound effect and people realize
oh my god like we have allowed something
so moronic to happen because I obviously
understand that one of the critiques of
the way that I talk is going to be that
Tom is from a different era women were
different back then uh and I will just
tell you the frame of reference layer
for sure there's no doubt if I found
myself 21 today that I would have to
take a very different approach but the
reality is that if you're tied to ground
truth and you encounter somebody that's
at a um cultural layer, then you can get
beyond that. That becomes very easy if
you have a sufficient level of um game,
shall we call it? Like once I understood
how to truly be myself and I had no fear
of loss and I could approach somebody
with confidence and I could have some
swagger, the fact that I was able to
have interesting conversations was
ultimately what got me laid. One of my
favorite stories, um, I had been
sleeping with a woman. I'd never been
able to give her an orgasm. And then,
um, one night she saw me be really like
talk for the first time about something
I was deeply passionate about. And so I
clicked over into that zone. And the
next time we had sex, she had an orgasm.
And I was like, that is wild. It It is
nothing about the sex. It's I finally
clicked over into her mind where she now
found me far more interesting. And I was
like, "God, I've got to remember that."
And I remember my mom giving me the best
advice ever about sex. She said,
"Remember, women have to trust you to
have an orgasm." And I was like, "What?"
Like, that is so weird for a guy. Um, so
once you begin to understand like all of
those things, even in a time now where
clearly I would find myself in a much
worse position than I was in terms of
they can just swipe on to the next
person, it's always on to the next. It's
some women trying to take advantage of
you to get a free meal. blah blah blah.
But there are defenses to all this
stuff. So, the person uh that this was
probably will never hear this, but I had
one of my employees um say to me that uh
they oh god, what was the specific
thing? Oh, uh they had Oh god, how do I
say this without ratting this person
out? uh they were creating something and
they felt that that something was not
being recognized because the when they
created it, they have to like go put it
in a basket just to try to make this as
abstract as possible. They had to put it
into a basket and once it got put into
the basket, it no longer resembled the
hard work that they had done. It was,
you know, getting battered about by the
basket. And I was like, I'm like, there
are ways around that basket. And the
second that you're saying it's somebody
else's fault, um, you're missing an
opportunity to take control and get a
better result. So, if you know that the
basket creates problems for you, then
solve for not needing to put it in the
basket. But don't just go, "Ah, well, I
do all this hard work and then I put it
in the basket and it just all breaks."
Like, that is a terrible way to move
through life. So, if young men are
looking at this and saying, "Ah, the
basket is ruining my chances." I'm just
saying, "Oh, cool." Then find a way
around the basket. So, um, there is
always a solution.
>> Yeah. There was literally somebody in
Discord who was talking about that who
was like, "I hate the Scott Galloway
interview. He only blames men. It's
women. The marketplace has changed.
There are gold diggers. They're this.
They're this. It's this." And he gave me
a whole diet tribe about how women are
the worst people in the whole wide
world. And I was like, "Women didn't all
of a sudden become the worst people in
the whole wide world. Like they're back
in like my the best example I always use
is like rappers because the first rapper
ever did like Sugar Hill Gang. Everybody
loves that song. The third verse is from
somebody else. He stole that verse, went
into the studio while they were
recording. He said, "Hey, can I hop on?"
and recited somebody else's lyrics and
ended up getting like a platinum record.
It was like this whole thing. If you
think about it, when he I'm the T, he
spells somebody else's name. He doesn't
even spell his name. People don't even
like people even do that. So, it's like
all you had to do was just rhyme words
and you can become a celebrity. Rappers
nowadays, you have to produce. You have
to be a content creator. You have to
rap. You have to also be a fashion
mogul. You also have to have a social
media following. You have to do five
different layers of things to be as
competitive or as relevant as back in
the day. And I think that same thing is
true with the protein bars. If I want to
make a protein bar company, I can't just
be like, "Hey guys, no sugar,
>> right?
>> There's a thousand no sugar bars now. It
needs to be no sugar in organic and this
and it needs to come from Jesus." Like
there's all these other layers that now
need to be added. So for some reason,
>> we got to launch that bar, Drew. The
only thing that could get [laughter] me
back in
>> the bar by Jesus.
>> Seriously. So we just think with dating
is like what? I have money. That's it.
That's the only requirement that
>> you have to be a little bit more
evolved. You have to also catch up with
the market. And I think we get too
caught up in the it's the basket's fault
versus no, how can you where can you
shine that make you not need the basket
and that expansive energy again?
>> Yeah. There's uh just one more story to
back this up. So you've got Kanye makes
I forget which song. The one that he was
saying he wanted to compete with Sexy
Back. He was like, "Oh, my girlfriend at
the time is a little too into Justin
Timberlake." So he writes a song,
becomes a hit. I forget which one it is.
And he says, "I hear it in the club and
it's muddy." No, he doesn't go [ __ ]
clubs don't know how to build acoustics.
He goes to like every producer he can
find to figure out how to make his beats
sound like sexybacks sounds in the club.
Ultimately finds himself at Timberland's
door who did it and then Timberland
showed him how to do it. But I always
thought that was brilliant. That's the
right way to respond. Oh [ __ ] this
thing that I made that is objectively
amazing in this environment, it has a
problem. So how do I go and solve that
problem? And that is how I would advise
people to look at it. And listen, there
are going to be some women that you do
just write off. They're too far gone. Uh
there's not enough interesting there.
I'm not saying you bump into the first
person that is female and you go, "Cool,
I'm going to make it work with this
person." You may have a rapid filtering
mechanism where it's like, yeah, you're
filtering out 80 85% of people and
you're narrowing it down to just the
people that haven't been completely
captured by that ideology that don't
have a belief that it's just always on
to the next. They are going to be out
there. And I'm not saying that it's not
more work. I'm just saying the way to
approach life in general is, oh, there
is a problem. I'm going to take complete
and total responsibility for that
problem and I'm going to find a solution
because unless it violates the laws of
physics, there is a way around this
problem. And for people that approach
life like that, then it is incredible
the opportunities that will open before
you. If you run into a problem and you
stop, which is the vast majority of
humanity, then it's like life sucks
because you're going to run into
problems all the time. But if when you
run into a problem, you go like roll up
your sleeves, you get kind of excited
because you're like, "Oh, cool." Like,
"I'm gonna find a way over, under,
through, around, whatever, but I am
going to solve this problem." We'll get
back to the show in just a second, but
first, let's talk about giving gifts
that actually matter. [music]
Most gifts end up forgotten in a drawer
by January 1st. But you want to give
something people are actually going to
use every day, something that improves
how they move through the world.
Raycon's bone conduction headphones are
that gift. They solve a problem that
most people don't even realize they
have. These sit just outside your ear
canal. You get clear, premium sound
while staying completely aware of your
surroundings. [music] They're built for
real life, and Raycon delivers this
technology at half the price of the big
brands. [music] The bone conduction
headphones are here for the holiday
season, and they are selling [music]
fast. Raycon audio products are up to
20% off this holiday season. Just click
the link in the description or go to buy
raycon.com/impact
theorybc
to save. Order by December 15th to
guarantee delivery by Christmas. And now
let's get back to the show.
>> So we talked about his sexual
orientation. Let's talk about something
that's actually like matters. This is
his comment about the Hitler is cool.
You say that Hitler was very [ __ ]
cool. Are you joking or do you actually
think he was very [ __ ] cool? The the
most genocidal monster of uh the last
150 years.
>> Yeah. The the thing is my generation,
we're just done with the pearl
clutching. You know,
>> you might be, but then your generation
hasn't gone through what Danny
Finkelestein's family went through. So
maybe maybe the pearl clutching has a
way to go for families who whose family
members were murdered.
>> Yeah, we we got all that. We you know me
me mom me m like we're you know I don't
even know who this person is. Why is
this person talking to me? This old
British guy is saying me mom got killed
by Hitler and
>> he doesn't find it funny when you say
Hitler's very [ __ ]
>> I don't care. I know you don't care.
That's fine. You don't have to care but
he does care.
>> Does that guy care about America? Does
that guy care about me and my country
and my family? No, that guy.
>> This is the great tragedy of uh
generational gaps.
>> Uh you don't feel like the other side
understands you at all. Um yeah, so that
sad. The Hitler is cool thing to me is
just stupid.
>> Um I think Nick explains the point like
he certainly is able to articulate
exactly what it is that they find cool.
He does um I think a better job in
another clip that I saw of him where
he's like it's the cuts all the like
hypy super cuts of uh Hitler leading
armies and all that stuff, but it it is
um it's the same way that I feel when
Nick talks about being a big fan of
Stalin. Um these are mistakes that
history makes over and over and just an
ungodly number of people die. So having
some mental defenses against those
things is very shrewd. Like there are
things that the immune system should
respond to. Now I'll admit we've had a
cultural immune system for the last 30
or 40 years that has responded to gluten
as if it's a brain parasite. And that's
dumb. Uh but that doesn't mean that
there aren't actual brain parasites. it
doesn't mean that there aren't actual
things that the immune system should be
responding to. And so when I hear him
talk, it's like, okay, we had an
overactive immune system that did really
bad things and so now just shut off the
entire immune system. Everybody's cool.
Like it's funny. It's hilarious. H look
because of my time with, and by the way,
I hate it when people say that um Hitler
was the biggest um progenerator of
genocide that we've do. Do do people not
know who Mao is? Like, do people not
know who Stalin is? It that one is
traumatic. There's something about the
Hitler was horrific. He's one of the
Mount Rushmore of monsters. Let me be
very clear on my stance on Hitler. Uh,
but man, people just do not seem to know
that Mao and Stalin existed. Um, or if
they do, they seem to think that Hitler
somehow is outpacing them. Hitler burned
really bright, really fast, and he ran a
PR campaign for his [ __ ] Uh, and we
like knock like you lose, we take over
your [ __ ] So, we got all the paperwork
so we could like really point to it. But
dude, Mao and Stalin were orders of
magnitude more efficient at killing. Uh,
and it's just getting lost by history,
which is why I feel the way that I feel
about Mandani. So, let's jump over
across the Pacific and head over to the
Asia, China, Taiwan, South Korea
triangle, rectangle, isosles.
>> Isosles that won the award for word I
did not expect. When's the last time you
heard about it isles? It was such a big
deal in high school.
>> High school. [laughter]
>> We cared so much about isosles.
>> Um, okay. We talked about Japan and
China, like sharing words, trading
barbs. Um, it all started at the G20
summit. China and Japan didn't have a
meeting. When they talked to the
Japanese new PM, she said, "If something
happened to Taiwan, it'll be an
existential threat for us and we would
have to join." China didn't like that.
China said, "Watch what you say. Um,
don't be talking out your the side of
your mouth." And then Japan was like,
"All right, it's cool. I ain't going to
say nothing, but just know I'm not
playing that game." And then China was
like, "Oh, we conveniently now have
military exercises we need to do right
around y'all."
>> And then Japan was like, "Wait a second.
If y'all do do something to us,
America's going to jump in." And Trump
act like he didn't hear that cuz he was
like, "I'm in Venezuela. I don't know
what you're talking about." And then now
China has accelerated those military
exercises. So much so that they even
locked on to a Japanese uh plane as they
were kind of exploring those waters.
Once again, when Japan condoned China,
China foreign minis uh the China foreign
minister said something that I think was
hilarious. He said, "On the eve of the
80th uh anniversary of the end of World
War II, Japan, quote unquote, as a
defeated nation, should act with greater
caution." So, I think that that is
hilarious. As in like, "Hey, bro, I
think you should just remember where you
came from so that way you don't have to
go back there."
>> Yeah.
>> For somebody so close, that's the
equivalent of Canada being like, "Hey,
America, like Civil War was a couple
weeks ago. If you keep asking, there's
going to be a new North and South beef."
I feel like we wouldn't respond clearly
to that. Right now, Japan and China
relations seem to be out ahead. What's
your take on the region? I haven't even
brought in the Taiwan of it all yet, but
just so far it just seems like they're
trading uh quibs back and forth.
>> I don't think there's anything real
here. I don't think that we have to
worry about something really getting out
of hand. However, when you've got
nations that have the kind of historical
beef that they have, uh don't think that
these are just like passing words of one
sort of unhinged guy in um Beijing. Like
this this is real historical beef. These
guys hate each other. So, I think Japan
will ratchet up military spending. I
think they are going to take this very
seriously. But I also think that Japan
is in the middle of real economic
trouble. And it is entirely possible
that over the next decade or so that we
watch Japan really start to slide into
um economic problems and win countries
slide into economic problems. They can
be a backwater for a hundred years. Like
this isn't a thing that you pull out of
very quickly. So do I think China is
going to conquer Japan? No. Because I
don't think they want that kind of
smoke. Um, will they force Japan to sit
down and shut the [ __ ] up if they feel
like it? Yes. And what that would take
would be China being economically strong
enough to move on Taiwan and Japan being
economically weak enough that they can't
really mount a military um like to be a
big enough problem for China. So, I
think in that case, China would
understand there's no need for us to go
in and conquer um Tokyo. We're just
going to show them diplomatically on the
world stage. They're completely
irrelevant. We will humiliate them at
every turn. And if they're not
economically strong enough to deal with
it, [ __ ] them. That's basically how this
will play out. But going and conquering
a nation, unless they have resources
that you really want, that is a lot of
headache, dude. Cuz they're going to
blow stuff up constantly. They're going
to kill your soldiers constantly. Like
they'll just gorilla warfare that [ __ ]
>> And listen, Japan isn't who Japan used
to be. But don't forget that
Genghaskhan, the Mongol army, I'm I'm
not sure if Genghask was still running
it at that time, but the Mongol army
attempted to invade Japan twice and lost
both times. It's like the only place
they couldn't conquer. So, when the
Japanese are properly motivated, they
defend the homeland. So, that's not who
I'd want to be trying to sit on top of
uh and keeping calm. So yeah, again I
think the big concern here is that Japan
ends up destabilizing itself
economically and just just goes
backwards. Um they're already going
economically backwards over the last 40
years. They have. Uh so that scares me,
the escalating of that and then that
reverberating around the rest of the
world. The real thing to watch out for
is China moving on Taiwan, reunifying,
and that calling into question whether
the US is going to step in or not. Now,
the US is already undoing its
international reputation. So, I don't
know if we have the incentive to back
them up the way that the um you know,
historical agreement would lead you to
believe that we're going to. It's
possible that we actually pull out of
NATO. I don't know that it's likely, but
it's certainly possible. And if we do
that, we send the same signal that we
would send by not backing up uh Taiwan,
which is if you think you're our ally,
if you don't have relevance to us right
now,
>> don't count on it.
>> Backing out of NATO is pretty much
telling the EU, you're on your own. You
got to boss up and do your own thing.
Like,
>> so basically what happens is World War
II crazy uh Germany is doing its thing.
We team up with truly one of the
greatest mass murderers of all time,
Stalin, and uh we win. And Russia pays a
huge price that is often by Americans
completely overlooked. But Russia pays a
huge price. They just throw an ungodly
number of people at stopping the German
uh march in Stalenrad. And after the
war, we then divvy up essentially
Europe. And
they then reveal themselves to be just
absolute monsters. And now it's like,
hold on a second. Like, Russia is not
playing by Western rules at all. And so
Russia starts getting very powerful.
Europe starts getting terrified. And so
we, as the big brother, walk in and go,
listen, we got you. If Russia ever moves
on you, we will [ __ ] Russia up. We,
Article 5 guarantees, we will come and
we will protect you.
>> And so we end up winning the Cold War.
All is well. Now, obviously, it's a very
different world, but that like we're the
world's big brother. We unfortunately
have printed our way and debted our way
into just not realistically having the
appetite for that anymore because for us
to pay for it would be just continuing
the trend that we're on now, which is
inflating our currency into
meaninglessness. Uh, so we know that
that would cost a ton of money and cause
us to print just ungodly amounts and
then the populace would not stand for
it. So, um, yeah, that's where that we
are almost certainly going to send the
world that signal anyway. Uh, it could
happen over Ukraine. I need to look more
deeply at what's going on right now, but
it looks like we've got Zalinsky killing
the peace process, Europe wanting the
peace process dead. This could be the
perfect time for Trump to be like,
"Cool, you guys wanna do your thing. Do
your thing. I'm over here trying to stop
this." Uh Putin acknowledges, "I'm
trying to stop it. You guys are trying
to prolong this. All right. Well, if
you're going to act uh without us, then
you're going to deal with the
consequences." And so, he would have the
political cover that he needed. He's
still going to be called a coward.
People are still going to say that like
we betrayed our agreement with them, but
he'll have enough cloud cover, but
between
just so many Americans calling for
America first, more people now calling
for America only. Him trying
legitimately, it seems, to actually end
the war and that being rejected. So,
it's like, hey, we we are willing to be
a sensible partner. We are not willing
to put troops on the ground. I think
everybody understands and I think that
that would be very popular. Uh, and so
if I'm Taiwan and that happens, I'm
like, uhoh. Like, how relevant are we to
America right now? And if not relevant
enough given the power of China, uh,
odds that America does anything other
than be like, "Hey, we got a ton of
weapons if you want to buy some. Uh, we
really wish you guys well. Sending
thoughts and prayers." Um, but us
rolling up on the beaches of Taiwan to
block China,
not going to happen.
>> Yeah. Um, I thought war was good for the
economy. Like it
>> war is great for the economy. Uh, if you
win.
>> So if you're just sending something
over. So like here's how war here's how
World War II was phenomenal for America.
Phenomenal.
>> All the countries that are getting
bombed are all in Europe. Not other than
Pearl Harbor. Literally nothing happens
to the US. We're just out of the way. It
doesn't matter. Nobody's coming for us.
Um, we also become essentially the
world's gun shop. And so we're selling
weapons like crazy to Europe. And Europe
very quickly realizes that, oh, we're
not going to be able to win this war
without the Americans being willing to
send all this. We were an industrial
powerhouse. And so now we go, hey, your
cars, they're selling. I'm not saying
they're not selling, but
>> let's switch that over to tanks, to
airplanes, to boats.
>> Same factories. Now we need double,
triple the output. You're making money
hand over fist, guaranteed contracts.
You got four, five, six years of
conflict. And so it's like, man, can you
So this is how Disney, by the way,
survived. Disney made cartoons for the
war effort.
>> So it was like anybody that had a
government contract was going to make it
through that period well.
>> And so it's guaranteed revenue. you're,
you know, you've got, you got the
biggest, deepest pockets in the world
telling you like, yeah, don't lose
workers right now. Like whether you've
got things coming off the line or not,
just keep your workforce. So, paying the
money for all that, like it's that is
your wet dream as a business owner is
that you've got a patron who's just
like, "No matter what, keep max
capacity." Mhm.
>> So, um, that ends up creating that boom
and also it drew women into the
workforce. So, men are off getting paid
to be at war, also getting the GI bill
that they're going to leverage once they
get home. Women come into the workforce,
they're now getting paid. And so, it
ends up being economically amazing.
Plus, the world now owes us a ton of
money. And we've come out of this in
really great shape, owning essentially
all the gold, which allows us afterwards
to become the world's reserve currency.
Now, wars can be terrible.
Iraq, Afghanistan, like you're losing a
ton of money, uh, and you're having
nothing to show for it. So, that you're
like your defense contractors are still
making a lot of money and they love it.
But in terms of being good for the
general economy, not so much.
>> Yeah. Let's dive into like what Japan's
ales are because I'm seeing nearly low
interest rates, inflated money. They've
been pumping currency and it seems like
they've been I don't know, I don't want
to say surviving, but how have they been
able to keep up the sherad?
>> So, part of it is that they have a
culture where everybody just agrees that
um we're not going to do things that are
bad for the homeland. And so, they don't
sell their debt to foreign purchasers.
They sell their debt to the Japanese.
And then they go, "Listen, you're
holding a lot of debt. Super precarious,
but we need you to buy more." And so
then people do their patriotic duty and
they buy more. And then they don't want
to dump their stuff back onto the market
because they know that that would create
a problem. So that's part very much an
oversimplification, but that's part of
why Japan has been able to rack up
instead of 130% where everybody else
tears themselves apart. Because
remember, when you cross the 130% debt
uh to GDP ratio, it's not like anything
mechanistically breaks. It's that people
get mad because the wealth inequality is
going so crazy for a very simple [ __ ]
reason. Most people do not understand
assets, so they don't own assets. And
assets are inflation resistant. So, as
your country prints a ton of money, the
rich get richer and the poor get poorer.
And if I could just get everybody to
understand that basic mechanism and get
everybody into assets, then the world
would look very different. But alas, you
don't. And so you get the wealth
inequality. The wealth inequality is
what creates the anxiety and the
bitterness. That's what manifests as
revolution. That's why you're not
conquered from the outside. You fall
apart from the inside just because you
have so much infighting. People are so
bitter. They hate each other so much.
The left and the right just literally
want to kill each other. And so,
[snorts]
yeah, you just weaken yourself. Now,
we're in the unique position of not only
tearing ourselves apart from the inside,
but we're in Thusidity's trap. And so,
that makes it worse because you also
have an external enemy that can create
problems for you.
>> God, it's so funny how um so I bumped
into a guy in New York, former guest on
the show. I'll laugh if he listens to
this. Uh, and he was like, "Oh my god,
it's so good to see you. I really love
your content." Very doom and gloom. And
I was like,
"Do you want me to lie?" Like, I don't
know. It's like, listen, if I hadn't
gone down the path of economics, maybe I
never would have ended up here. Yeah.
>> Just to remind people how I ended up
doing economic content. COVID hits. I
had just like in the last few years had
a thousand employees who grew up in the
inner cities. They were I thought they
were all about to get wiped out. I
didn't know what money printing was. So,
I thought, "Oh my god, they're all going
to lose their jobs. This is going to be
terrible. I know and love them. I want
to see them do well. I'm like, in my
small way, what can I do? Uh, let me
make some content that will help them
understand how to buckle down
economically so that they can weather
this storm." Obviously, not thinking
only of them, but thinking of the tens
of millions of people that are just like
them. So, I'm like, "Cool, let me make
this content." Then, I start making that
content and I just kept finding like new
pieces of information. And I'm like,
"Wait, this does not work the way that I
thought this worked." And so, as I begin
to unravel that, you suddenly you have
the Scooby-Doo moment where you realize,
"Wait a second. Like, these politicians
are stealing." And so, that's when
you're like, "Hold on." Like, the
economy is not at all what I thought it
was. That investing money, certainly if
you've already made money, investing
money is like the most powerful thing
that you could pay attention to. And
then you just keep finding stat after
stat after stat about how
the sense of malaise that we have today
is all economic. And so anyway, I don't
know what else to say. It's like all of
this stuff is avoidable. And so I want
to talk openly about it to make sure
that we avoid it. It's avoidable
systemically at the level of society and
it's avoidable at the individual level.
So basically all of my deep dives go
something like this. Uh hey big problem.
This thing's about to happen. Future's
very uncertain. I don't know that we'll
be able to convince everybody. So, the
last section is always going to be what
you as an individual should do. Now,
keep in mind in 2025, at least until the
correction happened, I was up millions
of dollars. Like, investing is [ __ ]
real. Like, you can just make so much
money investing. It's wild. So, uh I get
it, people. It It is not an unwise way
to navigate the world to just assume
that everybody's a dirt baggage. Fine.
If if that's your guiding light, you're
going to look at me. You're going to be
very cynical. Uh, another way is to
remember I've been broke a lot longer
than I've been wealthy. Uh, that I
realized that by changing the set of
ideas in my head, I was able to make
myself wealthy. And because I like to
see other people succeed, I like to tell
people how to succeed. And then, by the
way, it also creates a multi-million
dollar company for me. So, yay, it's
like literally a win-winwin win-win. Um,
but I really do want to see individuals
get out from under the lunacy of a
system that is both sort of just dumb
and then second also has people that
understand precisely how the economy
works, precisely how to get money out of
the most vulnerable people at a systemic
level. And so if I can help people get
out of that, I will. [snorts]
>> Episode to that.
>> We'll be right back to the show. But
first, I have a question for you. What
do construction crews, retail teams, and
healthcare workers all have in common?
[music] They're all part of the 80% of
the global workforce that doesn't sit at
a desk. But here's the problem. Most
management tools [music] act like
everyone has a company email and works
from an office. That's where Connect
Team comes in. It's an all-in-one
employee management app built [music]
specifically for teams that don't work
behind desks. Time tracking, scheduling,
[music] task management, digital forms,
team communication, training, all-in-one
mobile [music] first platform. Stop
juggling multiple systems and get your
time back [music] with Connect Team.
It's free for teams up to 10 users. And
if you have a bigger team, there's a
14-day [music] free trial with no credit
card required, so you can see for
yourself how effective it is. Click the
link in the show notes to try Connect
[music] Team for free today. And now,
let's get back to the show.
>> All right, let's jump over to this
SpaceX IPO news. This is going to be
groundchanging, it seems like. Um, for
those that don't know, Elon announced
that SpaceX will IPO in 2026. But
something that we're that's getting a
lot of attention is its valuation. It's
estimated to be valued at $1.5 trillion.
That's 65x of value. That is not of
revenue. That is not a typo. Boeing
trades at.7, Lheed at 1.5. SpaceX is
demanding a multiple that never existed
in the aerospace ever. At the 1.5
trillion uh evaluation, Elon Mus stakes
become worth 630 billion. That means
that him that one man alone will be
worth will be more worth more than the
GDP of Sweden, Poland, and Belgium
combined. All the countries that Trump
wants people to come from.
>> So wild. Um, and the one thing that I
think jumps out to me as well is that
um, 8.5 million Americans already depend
on Starlink for internet. By IPO next
year, that number crosses 10 million. A
constellation of 7,600 satellites. 65%
of everything orbiting this planet right
now belongs to one company.
>> That is so insane. So, uh, as a PSA to
anybody out there, become an engineer.
Become an engineer. No, I'm not kidding.
Like when you can engineer. So first of
all, uh you are literally thinking up
from physics and
once you understand the rules of
something, this is really what I'm
trying to do with Kaizen. I want to
create a world that is built on rules so
that once the player understands the
rules, they can change the world. That's
true in real life. Once you understand
the rules, you can change the world. Uh
and that's what Elon is doing. And the
when people audit what makes him
successful, one of the things that
always comes back is that he stays close
to the engineer. So not only is he an
engineer himself, but he stays close to
the engineers in his company.
>> Uh and because people because money is
being printed, the people that
understand assets are flooding into
assets. And he is an engineer that is
able to build more things than any human
ever in human history. I believe that
that is just beyond true at this point.
Uh certainly the largest number of
consequential things. Um so now you've
got a scenario where you can seek refuge
from money printing in this sort of
once in a hundred years, once in 200
years kind of person in the public stock
markets. And so you get these just
completely unhinged valuations. uh when
you remember that when you get a 65x
what you're saying is we're going to
pull forward 65 years worth of revenue
at today's rates into the present
>> and that I mean he's about the only
person that's been able to execute at
that kind of level and actually make it
work just because he grows it so much
but this is basically people betting on
um space as the next frontier for data
centers and AI and it's like what's h
okay so Drew when I write a deep dive
like the one that's coming out on Monday
about um we have 900 days left of
capitalism.
>> Part of me is like, okay, this is uh
it's possible and therefore I don't feel
bad putting that in the headline, but
you know, is it a bit cheeky? Like, is
this really going to be more like five
or six years maybe? And I certainly
leave myself open to that. And then I
hear interviews like the one that you
just queued up and I start talking about
uh SpaceX getting a 65x on revenue now
because of data centers
in space [snorts] that this isn't a
crazy idea. This is something that is
going to happen. It's going to happen
very rapidly. I start going do we have
900 days? [laughter] And so I'm
>> with Elon going zero to 100 on the Tesla
customers in uh Memphis. How he just,
you know, built that like that. Who
knows?
>> There's that. There's also I forget what
company it was, but there's a company
that claims they've already done AGI.
Mhm.
>> Odds are probably not, but if they're
getting like a big enough step ahead
that it's worth putting out that press
release and you're not just going to
look like a clown in 60 days. Um, that
tells you that, okay, we may have just
taken another step function. Um, move
forward.
>> You've got the TPUs being created by
Google, which are proving to be
incredible. You've got, I think they're
called Black Weld chips that are coming
out from Nvidia in 2026. Those are
supposed to be like a leap forward from
where we're at now. So, it's like, oh
man, like the the changes really are
moving fast. You're normally limited by
material science. That tends to be the
thing that puts the brakes on this. But
when you've got Elon able to build these
like super coherent data centers that
lasers, the only thing that travels
faster than a laser through fiber optic
cable is a laser traveling through the
vacuum of space.
>> And so you've got Elon able to put
tonnage into space very very fast. Um,
you've got
that same guy building the largest, most
coherent data centers faster than
anybody by orders of magnitude, taking
it from like four or five years down to
like 18 months or something.
>> So, it might even be less than that. So,
it's like it's just
>> with with reusable rocket. So, he can
just be taxing them things up there,
>> which is how he's put 65% of the tonnage
into space. I mean, it's just it's
really really crazy. And so I I I'll
give everybody the mental framework that
I use. I still have anxiety about this
though. But so I'm I have a rule in my
life that I never stand still. That rule
has cost me millions of dollars and it's
made me hundreds of millions of dollars.
So it's like on balance
it's better, but like in the times where
it cost me a lot of money, I'm always
like, "Oh god, do I revisit this rule?"
Uh but anyway, I have a rule that I do
not stand still. Okay, so uh have rule
don't stand still. AI is coming at me
like a tsunami, but I still have this
rule that I don't stand still. And I
tried to address this in the upcoming
deep dive by saying, listen, I think
that we're going to go through this
crazy transition period, but you have to
invest today
>> because the future is unknowable.
>> So you've got to invest today.
Otherwise, I guarantee you're going to
get eaten by inflation. So, you've got
to invest today. You've got to invest in
what makes sense for today. Now, you
need an eye towards the future, but
you've got to do something today. So,
I'm building my video game. I've got
this target now of 23 months, obviously
going down every day. Uh, I feel very
comfortable that we'll be ready for
early release by that point,
but I don't know that video games will
be relevant at that point. And so it's
this really weird like as I try to track
where technology is going to be when I'm
ready to launch.
I'm like are people going to be
prompting games at that point? I don't
know. And so it is only that standing
still is the only way to guarantee that
you get hit by the truck. So I'd rather
be hit by the truck of yeah, I just
couldn't see the future clearly enough
and so fair enough. Um but I don't want
to be standing still. I highly encourage
people to formulate a similar thing
because being anxietyridden and standing
still. That's never the winning path. Um
but it is possible that 900 days from
now that capitalism doesn't really make
sense in the traditional sense. That um
the way that we think of technology
doesn't make any sense. Like I'll give
you an example. Um once agents become
real, you probably won't interface with
your computer.
your AI agent will interface with your
computer. And I could definitely see
that in the next three years where you
go from sitting at a computer like click
clacking, you know, call it 6 to 8 hours
a day to zero and you've just got a
thing in your ear that communicates to
your phone that probably won't be made
by Apple cuz those guys are [ __ ] AI
[ __ ] but made by somebody. You're
talking to it. It's talking back. The
conversations feel completely natural.
you're looking at the screen so you can
see that what you want done is actually
being done. You just say do this, move
that, tweak this. It's just doing it.
And um Google just launched a prototype
of their glasses.
>> It's connected to a puck. It's kind of
like the Apple Vision Pro, but like
>> glasses. Yeah,
>> they look a little awkward, but like if
they really offer a AR VR experience in
a glasses form factor and those are out
in 2026 by 2029.
It's just like it's really kind of crazy
to think how we might see 15 years worth
of normal advancement play out over the
next three. And again the only
assumption that I have to make for that
to be true is that AI doesn't asmtote.
Now that's a fancy word for it doesn't
hit a ceiling. And if you really can
simply add more chips and write more
efficient algorithms and it just keeps
getting smarter.
The world will be it won't be
incomprehensible in three years. Just
distribution chains and things like that
take too long. But the way that we
interface with our daily lives will be
radically different. And I know this is
one of my favorite subjects and I run
the risk of talking about it too much,
but at one point we had a hundred people
working on project Kaizen. We now have
like six.
>> I have one artist and I'll go in AI. I
me the CEO. I'll go in AI and I'll
create a character and I'll give it to
him and I'll say get this in the game
and I mean he can have an ugly version
of it in the game that day and call it a
week and it's like cool it's refi