Kind: captions
Language: en
Trump has actually managed to get all
living hostages returned in Israel.
Hamas, though promptly starts executing
Palestinians in the street. China
tightens its restrictions on rare earth
elements, causing Trump to do the tariff
hoke pokey and the markets to go crazy.
Steve Bannon says they have a path to
getting Trump a third term. And you've
got to hear it for yourself. The UK
defines anyone who believes Western
culture is under threat from mass
migration a terrorist madness. And
SpaceX has a successful launch of
Starship. And this is the ship that will
make us a multilanetary species. Got to
see this one today. All right, let's
jump over across the seas to Israel and
Gaza. Um we were celebrating last week.
Uh Trump was taking a victory lap. the
Nobel Peace Prize application was
started and then it seems like Hamas has
broken descent. IDF has identified three
of the bodies that were handed over from
Hamas, but the last one they can't
readily um identify and then on the flip
side of that, Hamas has actively um done
a few executions in Gaza City in this uh
center square. They were saying that
these were traders who were uh working
with Israel to send gangs and Hamas is
trying to now regain control of the
city. Trump was also talking yesterday
pushing to disarm um pushing to disarm
Hamas and Hamas was and threatening them
saying he's going to make sure they're
they're going to do it and they're going
to do it quickly. Netanyahu backed them
up. Um it seems like we were all
sunshine and rainbows on Monday, Tuesday
when the hostages left and now we're
starting to realize like wait a second
this not isn't as cut and dry as we
thought. Um do you have any nervousness
about this pending ceasefire
um deal? Yeah, when you look at the
executions in the square, I think it's
pretty clear that this is not going to
be easy. Uh I don't think this was ever
going to be easy. Now, the real question
is who who are they talking to? Like,
who is officially considered, okay, I
speak for Hamas, and if I say we're
going to disarm, we're actually going to
disarm. Is Hamas the only faction? It
seems like there are other factions now
that are rising up. uh have we created a
power vacuum if Hamas does disarm and so
maybe maybe Hamas actually does disarm
but then you get other militant groups
that rise up that it is a completely
destabilized area and so what's going to
be on the other side of this moment I
have no idea that's why I say you take
the win of getting the hostages back
>> take it one step at a time will the
disarming have to be forceful it comes
down to who we can trust so there are
people out there claiming to be Hamas
that are saying there's no way we are
not going to uh disarm. We're either
going to be fighters or martyrs. That's
it. Like full stop, end of story. Uh and
then you have anti Hamas
Gazin militias that are rising up. And
so even if you get rid of Hamas, like h
how will they break? like will they
become uh protectors of the peace or are
they just going to be the next violent
faction that rises up? Also, we'll have
a clip later on this from John
Mirshimer, but um does Israel even want
peace or is Israel like, "Oh god, we got
some more ethnic cleansing to do."
>> So, I think all of this is going to be
extremely complicated. I think that if
we're going to push this farther and
farther into prolonged peace, which is
about the most that I will give it, uh I
think Trump is going to have to swing a
lot of weight around. They're going to
have to be very credible threats in
terms of him saying they're going to
disarm or we are going to disarm them.
Now, I don't know what he means by that.
The he's not putting boots on the
ground. There's no way. So, the only
thing that I can There's no way. There's
no way. You want to talk about wildly
unpopular things, that would be insanely
unpopular. But what he will do,
>> I would imagine, is unleash
Netanyahu again to go back in and start
bombing them. So I think my
prognostication, so I'll plant a flag,
and I'm perfectly happy to be wrong, but
the flag that I will plant is when he
says we will unarm them, it's just we're
going to revert back. So um it's going
to be more of the same. The bombings
will continue until the morale improves.
like it it will just be that he'll sell
weapons to Netanyahu. Netanyahu will
continue to go and impound them.
Netanyahu will say things like, "I told
you like there's no way that we can
trust these guys." Um, so yeah, you're
you are in a death spiral of every time
that you look at the scenario, it's all
going to boil down to one simple thing.
Right now, Gaza is wildly unstable. It
is not a place that I would want to be
from. I mean, they they literally just
executed whatever seven people in the
town square with people surrounding
them, cheering, filming. Uh,
imagine that happened in like
downtown LA. Like that
the whole world would stop. That would
be the craziest thing ever.
>> Uh, so that is not a region that I would
consider. It certainly doesn't have
Western values. It is not a stabilized
region. But what it boils down to when
you look at it is did Israel create this
instability.
And so I don't know that we're ever
truly going to get the answer to that.
If we can't get
Israelis and Gazins to focus on an
economically uplifting future,
I I don't think you can win. It will
just keep going and going and going and
going. So uh yeah, we'll see. But the
only hammer that I think Trump is ever
going to use is Israel bombing Gaza
again.
>> Yeah. Well, this is uh Trump when
yesterday during press conference.
>> We have uh told them we won't disarm and
they will disarm and if they don't
disarm, we will disarm them and it'll
happen quickly and perhaps violently.
>> You say
>> but they will disarm. Do you understand
me?
>> Yes. You say
>> because you always everyone says oh well
they won't disarm.
>> They will disarm. And I spoke to Hamas
and I said, "You're going to disarm,
right?" Yes, sir. We're going to disarm.
That's what they told me. They will
disarm or we will disarm them. Got it.
Okay.
>> What's the deadline on that?
>> Here is the playbook that Trump is
running. And it is a playbook that has
its limits. It has its risks. It has its
dangers. There's no doubt. But I also
think that the reason that Trump has
been able to get this across the finish
line is that he tells people, "I will
drop a hammer on you if you don't do
what we just agreed and then when they
don't do what he agreed, he actually
drops a hammer on them."
>> So, uh, China, be cooperative. No. Cool.
Then we'll throw more tariffs on you.
Okay, we'll cooperate. Okay, I'll take
the tariffs off. People see it as Trump
always chickens out. I don't think
that's what it is. Trump is like uh
literally walks softly, carry a big
stick, though he does not uh walk
softly, but he certainly carries the big
stick. And every time that you say
something, he pulls the stick out to hit
you with it. And if you stop doing the
thing, then he puts the stick away. But
if you start doing it again, he pulls
the stick back out.
>> So, uh given that he dropped bunker
busters on Iran, I don't think it is
fair to say that Trump chickens out. I
think it is very fair to say that he
reminds you I have the stick and he'll
pull it out all the time, flash it
around, let people know and if people
back off then he puts it away. If they
don't then he starts hammering people.
Now the reactions that we get from the
stock market complicate things because
sometimes the reaction the thing that
makes him put the stick away is more the
uh reaction in the stock market than the
thing itself. But the reason he keeps
pulling it back out, and I think that he
really will put sanctions uh on China
for sure. The reason that he keeps
pulling the stick back out is he
understands that there is a deterrence
going on. Now, it's a balancing act
because uh you can only
>> um wield that stick so much before there
is secondary damage like the stock
market that exceeds the benefit that
you're getting from wielding the stick.
Um but if you don't have a deterrent,
then people are just going to walk over
you. This is why the Biden
administration was never going to be
able to get this stuff done, they were
pissing off the wrong people, namely
Saudi Arabia. And then they were not
willing to be forceful. And because they
weren't willing to be forceful, at least
not in the erratic, unpredictable way,
which has its advantages that Trump is.
>> Yeah. Um, let's jump over to Mir
Shimemer's comments um before we kind of
really break it down because I I while I
hear you that Trump can unleash Israel,
we already sent 200 troops there to
facilitate the peace deal. So, I can see
Trump trying to save face and turning it
up really like turning it up, sending in
Seal Team 6, doing some covert ops,
things like that. Um, but Mary Shmer
kind of gave us a new perspective that
it might be Israel themselves who really
don't want this peace deal.
I think you greatly underestimate,
peers, how deeply committed the Israelis
are to ethnically cleansing both Gaza
and West Bank and the West Bank. The
Israelis now have a situation where
there are roughly as many Palestinians
as there are Israeli Jews inside of
greater Israel. And this is an
unacceptable situation for most
Israelis. and they're completely
committed to ethnically cleansing Gaza
and then the West Bank. I think the
evidence is overwhelming on this. Now,
you say President Trump sees this as a
great opportunity to prove that he's a
statesman and he can bring peace to the
Middle East. I think in principle that
he'd love to do that, but I've written a
book with Steve Walt on the Israel
lobby. And there is absolutely no
question in my mind that if President
Trump gets rough with Prime Minister
Netanyahu, Netanyahu will turn to the
lobby and the lobby will force Trump to
back off. There's no way Trump is going
to get tough with Netanyahu if he
violates the ceasefire. I don't agree
with him on that. I think that's a
fundamental misread of Trump's
personality. Trump is for better or
worse. He will get tough with anybody if
he feels like you're damaging my
reputation on the world stage. Um so
given that Trump has already gone to
Netanyahu after the Qatari bombing and
said you're going to apologize live on
TV. You're going to apologize to the
Qatari government for the thing that you
did. Um now the real question is so Mir
Shimemer wrote a book about the Israel
lobby. So he certainly doesn't take a
favor favorable view of the Israel
lobby. He thinks they have wild and
undue influence on the US government.
>> Mhm.
>> Uh so we'll see how much influence the
lobby has on Trump, but I cannot imagine
a universe where Trump allows anybody to
cow him. Now, he's very strategic and so
he's not going to be um unduly clumsy
when it comes to people with deep
pocketbooks, but yeah, I I don't think
I don't think that Trump would let
Netanyahu
be the one to violate the peace
agreement. Now, I think he will again
leverage Netanyahu's
warpathic tendencies if he doesn't get
what he wants from Hamas.
>> Yeah. Um, listening to Mir Shimemer, I
I'm kind of agreeing because it seems
like Israel has nothing to lose except
PR because if the ceasefire is violated
and Israel goes Death Con 6 and just
kind of annihilates Gaza, completely
levels it all, kills everybody
ethnically cleansed, it's going to be
bad press. Like they the UN has tried to
call Netanyahu a war criminal. The
Western pressure and Tik Tok has tal has
talked how bad Israel is, but he's still
rolling with the punches. And I kind of
attribute that to Trump as well where
everybody's calling Trump a Nazi and all
these types of bad names, but he keeps
pushing, keeps going. I feel like
Netanyahu has a similar kind of
composure where it doesn't matter what
you guys say, I'm still going to do the
thing that I want to do. Um, do you
think that in it is beneficial to Israel
to kind of continue with the pursuit if
there is any cracks in the ceasefire or
should they try to maintain it and work
with Hamas even if it means kind of
taking back some of the the force that
they used previously?
Okay. So, uh, when I'm teaching
entrepreneurs, which I do all the time
in Impact Theory University, sign up
today. Uh, one of the things that I'm
always telling them is what is your
goal? So, it comes down to what Israel's
goal is. So, if Mirshimer is right and
Israel's real goal is, bro, we got to
ethnically cleanse these guys.
>> Uh, then yes, it would behoove them to
look for any reason to kick things back
off. They're going to be whispering in
Trump's ear. Look at these guys. Like,
they're violating. We got to go. You got
Hey, they're not disarming Trump, bro.
Like, you really going to let him clown
you like this? So, if that's their goal,
that is for sure how they're going to be
behaving privately and to some extent
publicly. Now, if their goal is the
long-term success of Israel, which is
going to need partners on the
international stage, they have to
understand that they're using what I'll
call a costic strategy. Now, when a
chemical is labeled costic, what it
means is it's going to burn you. So,
you've got to be very careful. Hey, this
acid will help you dissolve the paint
and so you can get down to the bare
metal and you can work your way back up.
Very useful. However, you're going to
need to wear like these industrial
strength gloves because if you don't and
it touches your skin, it's just going to
melt your skin. So, that's a strategy
that they're running right now is yes,
it's helping them in terms of if they
want to ethnically cleanse Gaza, then
yeah, like keep going. bomb bomb bomb.
>> However, the whole world is turning
against you. And the thing that I worry
that Israel is not being honest with
themselves about is what it looks like
when you raise entire generations around
the world to view Israel as the bad guy.
And so all of the benefit that they
built up over World War II. So like
people of my generation were just like,
"Yo, can you believe this horrific thing
happened to these guys? Of course they
have got their own state. Look at
everybody in the region attack them.
They're like this small group. They're
the underdog. Like, come on. We got to
root for these guys. Judeo-Christian
ethics. We've got such a tie. Like,
everything is wonderful. There are
allies, special relationship, go. Uh,
and then over time, the narrative has
really started to change. And this has
just pushed it over the edge. We're now
getting into just open anti-semitism.
you're getting into people around the
globe just completely flipping on Israel
to where now the people that don't
really think through it and they're just
going along with the crowd, they're
going to be anti-Israel instead of
pro-Israel. And since I think the vast
majority of people don't actually have a
well-formed opinion that are built from
the facts ground up, they're just going
with the flow. The flow is now going
against Israel. So, it might be an
effective shortterm strategy, but it's
not a good long-term strategy. So, um,
if I were Israel, I would be I would
long ago have started running a
different strategy where you have to
give them a chance now to regroup, to
prove that they want something that's
economically sound moving forward. And
at that point, if they go on the attack
again, then of course, you hit them
back. But, um, I'll I'll put a period
there. But there is this idea of total
war that uh is always fascinating and it
is how Israel gets caught in a gotcha.
>> Uh you can't just leave me. They can't
tease me.
>> We'll return to the show in just a
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get back to the show. All throughout
human history, when you went up against
an enemy, you uh you killed them until
they lost the will to fight. And
literally nothing stopped you. You just
kept going, kept going, kept going until
they were all dead or they were so
broken that they're like subjugation is
way better than what we're going through
now. And so people would give up. Okay.
So the the whole idea of total war,
there's no limitations. There's no pull
back. We're going to go until the other
side relents. It is an unconditional
surrender. Uh World War II, we drop
atomic bombs. Like we just keep
escalating and we're like, "Hey
everybody, chill." "Oh, you won't chill.
Bigger bomb, more deaths." "Hey
everybody, chill." "Won't chill. Cool.
Bigger bombs, more deaths." "Hey
everybody, [ __ ] nuclear bomb on the
first site. Are you done?" "No." "Cool.
We're going to the second site." And our
rhetoric was like, "Do you really want
more? And so we'll just keep going, but
you are going to unconditionally
surrender at some point." And so the
Japanese in World War II finally go,
"Cool. unconditional surrender. No one
ever lets from an international pressure
standpoint, nobody ever lets Israel play
the game of we're going all the way
until these guys unconditionally
surrender.
>> And uh so it's like from a moral
perspective, is anybody surprised?
Nobody should be surprised. Nobody wants
to see that. We see too much of this.
Starting in the Vietnam War, we could
just see everything. We were seeing it
in real time. And so Israel's caught up
in this uh thing where they are in the
middle of hostile neighbors, especially
West Bank and Gaza. And
>> from a moral standpoint, because we have
so much visibility, the world's just
like, "No, you can't go all the way."
Now, from the numbers perspective, I
don't think anybody argues that their um
combatant to civilian ratio is like the
best ever.
Uh, so in Iraq and Afghanistan, I
believe the US was something like 5 to
one. So for every, don't, please don't
quote me on that, somebody look it up.
But it isn't 2:1. And so we went in and
said, hey, we're trying to stabilize
this area. We're only trying to kill
combatants, but like, hey, somewhere
around five civilians are going to get
killed for every combatant that we
manage to take out. Israel's numbers are
2:1. And at 2:1, at least the last time
I checked this math, which was like
maybe 2 or 3 weeks ago, at 2:1 it was
higher than the numbers of total deaths
that Hamas was counting. So I doubt that
that's wrong. So
if they're doing like better civilian to
combatant ratio than basically any war
ever, then this becomes they're being
looked at through a different lens than
certainly we were in Iraq, than we were
in Afghanistan. Not that people were
clapping for us, but there wasn't the
like outrage that we see um with
Israelis trying to wage this war. And
there is a phrase that says no Jews, no
news. And just like the amount of
coverage on the uh the um Hamas
executing the Palestinians, imagine if
that had been footage of Israeli
soldiers executing Palestinians. Like
holy Jesus. So there is like this really
fascinating different response now that
the Israelis are perceived as the
bullies and they're no longer perceived
as the underdogs. And so that's where
like they they're stuck in this weird
position of the world just isn't going
to let them prosecute the war all the
way to an unconditional surrender. Now
on one hand that's awesome, right?
Because hey, that means we're stopping
wars.
>> Yeah. We're stopping like dead bodies
and things like that.
>> Yeah. Amazing.
On the other hand, it's like that's why
this conflict has drugg out for whatever
60 years, 70 years.
>> Yeah. It's interesting cuz as we were
kind of debating the ceasefire and
what's going on, the DSA, the Democratic
Socialist of America, released a
statement um in response to this.
>> Sorry, hold on one sec. Elena, Hamas
took credit for the video. Hamas has
verified the video themselves. So they
are executing people.
>> Yeah. Um that's right where I was going
next that um the Democratic Socialists
of America have released a statement
condemning the ceasefire vowing not to
stop until the liberation of Palestine.
They didn't say the destruction of
Israel. Um although this person who
tweeted it wants you to say that. And as
I was reading it, I was like, wait, for
somebody who just signed a ceasefire,
this sounds like increasingly
pessimistic. I thought with the
ceasefires, the hostage release, we
should at least have a moment of
celebration. Yes, we got one step
closer. I know there's a thousand steps
on this journey, but at least we took
step one and two.
>> Um, but as I read through this um
statement, and we'll link it for people
who want to see it. It's long. I don't
want to read it all out loud.
>> It they made it seem like, yeah, we'll
wait. It's a hurry up and wait
situation. like, okay, we we we
understand that they they announced
this, but we've seen them go back on
their word in the past, and we're not
going to stop until Palestine is
completely liberated and they have the
autonomy to have their own statehood.
So, I was like, "Okay, this seems like
this will create the scent." And then,
right flash a couple uh hours later,
that's when Hamas begins to execute
people that they call um they were
either working with Israelis or rival
gang factions that were trying to assert
control. So it seems like even on the
Hamas exclusively side, taking Israel,
taking Trump off the table, there's some
dissent in the leadership as opposed to
what the messaging is to the wider world
that hey, Palestine liberation is still
far away to within the city, people
aren't even agreeing who should be in
charge anymore. Um, do you think this
could be like a monster that eats itself
situation that hopefully it kind of
solves the problem quote unquote? So I
think the right way to understand this
moment is that you have on one side in
Israel you have a government that is a
wellorganized killing machine and then
on the Gaza side you have uh militants
who are perfectly happy to die in the
cause of fighting back and being able to
control their own destiny and run their
country the way that they want and will
kill their own people. We'll kill other
people. They will do it in the most
savage and horrible ways. And so once
you understand man as animal, man as
capable of the most grotesque and
horrifying violence the second that they
see the other person as the other, then
you can start mapping what's going on
here. If you think that you have two
sides that are both these just calm,
rational actors, everybody really wants
peace. It's just like a big
misunderstanding. We're in a Hatfields
versus a Mccoys tit fortat and we just
need somebody to simmer it down. You're
going to be very confused by how all of
this plays out. you have people with
competing desires that uh will kill and
just murder their way through the other
people to get what they want. And so
when people like the DSA and for those
asking the DSA is the democratic
socialists of America and you should
care because they are gaining in
popularity in America and they will
positively destroy this country and I
mean destroy in the Mao China way where
people are starving to death. It doesn't
happen overnight. And I'm not saying if
mom do gets elected the people in New
York are going to be starving. It's not
going to play out like that. I'm saying
it is a momentum in a direction that not
only can but does and has led to tens of
millions of people starving to death. So
people break bad, people do really
stupid things. And this goes all the way
to just terrifying proportions. Remember
in my lifetime, and while I'm old, I'm
not that old. in my lifetime, middle
schoolers were beating their teachers to
death in China at the request of the
head of state. So, uh don't lose sight
of that. Okay. So, going back to you've
got these two factions. They are uh they
both believe that they are speaking on
behalf of God, that they both have God
on their side, that they are supposed to
be doing these things. They view the
other as the other. That person is a
danger to their entire way of life, to
the mission that God has put them on. uh
and they're going to keep killing. I
just don't think people understand man
as a violent animal nearly enough. And
so if you think that they're just this
uh
poor underdog that's being bullied, then
you're going to be very confused by what
you see on the ground. Um they are
radicalized. Mhm.
>> They are
completely prepared to be violent. They
are prepared to kill the other side just
in the most blanket horrible ways you
can imagine. And now the question is
which side am I talking about?
>> Mhm.
>> Because I'm talking about both. So, uh
that's why this is going to be this is
going to be very messy. Now, I think
that the way that they each play the
game is different. So, Israel plays the
game through a political lens and uh
Hamas plays the game through a thug
lens.
>> I want to jump over to the uh China US
trade war for a second. Um because I
think that this is ever escalating and
there's been some crazy reports that are
coming out. There was a couple different
Chinese news and I'm just going to put
asterisks on these things because
Chinese media is stateowned. So, this is
like if Trump ran a news company and was
doing press releases. So, let's take all
of this with a grain of salt. Uh but in
September it was announced the numbers
just came out that China's exports beat
expectations and their imports was at
rose at the fastest pace since 2024. And
this also includes the 15% drop off from
its exports to the US due to t
terrorists and the trade war. On top of
that um it's been released that the
China trade surplus has surged to a
record 1.14 trillion in June. Um so
>> with the US or globally?
>> Globally just there. Yeah, globally with
there. Yeah. I mean, in fairness, they
force-fed countries to take their goods
when the US stopped importing because of
tariffs. And so, that's why all of like
Asia and South America were like, "Hey,
hey, hey, like, you're now just going to
crater all of our industries because
you're sending us all this stuff at a
much cheaper rate." Thi this is where
global economies get very complicated
because, well, Drew, isn't it good?
China's sending you things that are
cheap. You guys can now get your insert
good here. uh cheaper. Why would anybody
complain about that? They'll complain
about that because yes, you can buy
things cheaper, but a whole bunch of
your countrymen are going to get fired
because their businesses are all going
to fold because the government is no
longer protecting them from a country
like China, which will just literally
predatorily send you so many goods that
your market gets flooded, all of those
companies fold, all of that
institutional knowledge gets lost, and
now you're beholden on China in the same
way that when Walmart comes into an area
or this isn't so true anymore, but
Starbucks will go into an area, all the
local coffee shops will close. And so
that's the problem. So that number hides
uh the fact that China was like, "We're
just going to send you a bunch of cheap
stuff because we're no longer selling it
to America." And it caused massive
problems and will continue to cause
problems if they can't stop them from
doing it.
>> Yeah. And there's some second order
consequences that are happening now.
This is a a Trump tweet from Truth
Social yesterday. I believe that China
is purposely not buying our soybeans and
causing difficulty for our soybean
farmers is an economic hostile act. We
are considering terminating business
with China having to do with cooking oil
and other elements of trade as
retribution. As an example, we can
easily produce cooking oil ourselves. We
don't need to purchase it from China. Um
this is also on the backs of Trump
announcing a bailout for soybean farmers
locally after China walked away from the
market. We got they bought two billion
in soybeans last year. this year they
that number I think is at like zero
dollars ever since the trade war was
announced. Um so cold turkey didn't and
then they bought it from Argentina. We
talked about that last week.
>> Um
it seems like we were waiting to ice
China out and with recent reports
China's like yeah we're good like keep
keep doing your thing we're good.
>> You had an opportunity to ice China out
in like 93. You it doesn't exist
anymore.
>> Got you.
>> It hasn't existed for
20 years. I mean it's it is um look this
is a hard game and the reality is that
populism goes on the rise as a
reactionary force rather than a
predictive ahead of time force which
then it might actually be useful but um
yeah we th this is the nature of the
world. you let it go too far, the power
balance shifts. And
uh this is why one country never
dominates for long because I mean 250
years is a long time, but you'll get
>> the next person's going to get their
shot because these forces they they move
in waves and it just things change over
time. It's wild. Um, I I may not have
given you everything you want there, but
I have something on my mind that I
really want to share with people.
>> Right now is a psychologically very
difficult time, and I can only imagine
the level of anxiety that people feel.
So, one of the things that I want to
make sure that you feel supremely
confident when you come to watch this
show is we're going to be talking about
solutions. I hold myself accountable to
that in all the deep dives. I'm never
going to release a deep dive if I don't
have at least, hey, this may not be the
perfect way forward, but go do this. Um,
one, if you keep your head about you and
you're focusing on solutions, these are
the hard times that make strong men. So,
congratulations. On the other side of
this, you and your kids, you are going
to be stronger. Now, it's never fun to
go through something like this. I
totally understand that. Uh, but there
are solutions. We all will weather the
storm. You will get to the other side.
things will be awesome if you keep your
head about you. This doesn't need to be
unduly um disruptive to your life, but
there are going to be things you want to
do most importantly getting your
personal finances in order. Um that will
allow you to weather the storm better.
So try to view the things that are
happening not from inside the storm but
from outside. That's going to help you a
lot. Uh so for instance, if you are set,
this is why I screamed literally at the
beginning of the feed not to do things
on leverage. If you're not doing things
on leverage, don't even think about the
stock market in less than three or four
year increments. Okay? So you're make
sure that you can afford to do that.
That that is the key. Uh so that way
when stocks dip, it's like, oh,
whatever. It it becomes more of a
curiosity, an interesting way to look at
how economies move, what's going on
right now, what would have caused this,
what's going on with investor sentiment,
that kind of thing, rather than the
panic of, oh my god, how am I going to
make rent?
Again, never argue with what is true. So
it simply is true that right now the
government prints a lot of money. And
given that the government prints a lot
of money, you have to be in assets. I'll
leave it to you to figure out what's the
right asset for you. Uh it's very
difficult. No one can see the future,
least of all me. So, the best thing that
you can do is um try your best based on
historical evidence and your mapping of
cause and effect. Uh but there is a way
through this storm. Everybody that plans
and is diligent and is calm is going to
make it through this just fine. Uh but I
certainly understand psychologically the
the chaos just the vast majority of
humanity does not deal well with that
those fluctuations and that level of
chaos. Uh so just want to acknowledge I
get that people going through this. It's
not fun.
>> Your your calm resolve is is warranted
and I appreciate it. It reminds me of
Victor Gao. Um he's a Chinese um
professor and I have been stalking this
dude cuz I feel like you would love a
conversation with him but I cannot find
his like actual real life information.
But this was a UK interview he did at
the beginning of the trade war when we
first kicked off and I just his resolve
is a little bit different from American
sensibilities. So I just wanted to kind
of hear from the Chinese perspective
>> that in this scenario to use your
metaphor the US has the bigger gun and
so China ends up having more to lose
from this trade war doesn't it you know
it can't sustain the loss of 15% of its
export market i.e. what you export to
the US.
>> Not at all. China is fully prepared to
fight to the very end because the world
is big enough that the United States is
not the totality of the market in the
world. So if the United States wants to
go in that direction of completely
shutting itself out of the China market,
be my guest.
>> Yeah. And China will lose the US market,
which as I've said is 15%.
>> We don't we don't care. China has been
here for 5,000 years most of the time.
There was no United States and we
survived. And if the United States wants
to bully China, we will deal with the
situation without the United States.
>> I love it. Th this is the exact attitude
that America has to have, which is, hey,
love China, wish them well. Uh, be
awesome. The more we can work together,
that'd be wonderful. But the reality is
we're not going to allow ourselves to be
beholden to China, which we have done,
by the way. I there are people in my
life who I love very much uh that just
don't have their eyes open to the
reality of what it means to be beholden
to China. And this is why China saying
hey you know those rare earth elements
uh we're going to put restrictions on
them and that's basically them saying
we're going to restrict your entire
modern way of life.
>> That the fool's errand that it was to
globalize such that we don't control our
own supply chains is wild. It is wild.
>> It sounds like we gave ourselves the the
rope to hang ourselves. Like like if we
go back 90 I think if we flash back to
the '9s and we had a chance, I think
somebody would like slap Bill Clinton
and be like, "Hey, hey, don't sign that.
Don't sign that." Like
>> Yeah. 100%.
>> You know what I mean?
>> So you The reality is that being able to
partner with China is glorious. So
amazing. Not only did it help them pull
their own people out of poverty, which
is an unmitigated good and everybody
should love it the most. Um but you
really do have to be very thoughtful
about what are the things that we know
we would never want to be outside of our
country.
>> Um this is what were you you were asking
me about oh whether I would interview
Myron Gaines or not. And my response to
you was I need a value that I establish
so that when you bring me people like
that I'm like what is the value that I
run this through? And we needed that
same thing with trade on a global stage.
Like what is the value? Is the value
that America has to remain dominant? Is
it that America has to remain sovereign?
Like but we need some sort of value like
that that there are going to be five or
six industries where it's like we
absolutely or maybe there's 25 but we
absolutely must control our destiny in
steal microchips like whatever whatever
whatever. And so from the perspective of
I get it would be cheaper to send this
stuff overseas. However, we're going to
need to give some economic incentives uh
to make sure that some percentage of
this always remains here. It's you
probably don't want it to be 100% and
trying to make it 100% makes you purely
isolationist. That's not the game that
you want to play. Uh but the super fast
and loose of everything can go away has
created all kinds of problems. And it it
does work just fine until something bad
happens and then you realize, oh my god,
not only am I driving without a seat
belt, I'm actually on the hood of the
car.
>> And now if we get in an accident, I'm a
thousand% dead.
>> Yeah. I'm getting like chicken or egg
vibes from this whole thing because I
think when we made the deals that we
made, we thought they were going to lead
to other outcomes and then
>> but they do for a while. The thing is
like I don't want people to be confused.
Globalism was awesome. So the '9s were
rad, the early 2000s were rad. Uh even
even if you don't take an American
stance and you just say, "Dude, China
stopped killing its own people, pulled
more people out of poverty faster than
anyone ever in all of human history." It
it is really really to have been on that
timeline is very extraordinary. It is a
beautiful If you're pro-h humanity,
which I very much am, it is a beautiful
thing to see. And so like I love it the
most. I love uh human life being saved.
It's just incredible. So it really was
great. It just you can't be in this all
or nothing camp. Like you really do have
to have limitations. You have to have
borders. Um uh boundaries on things. So
this is why like one of the things that
we're rediscovering as a nation is oh
yeah like we do have to have boundaries.
And what we're discovering is, and it it
gets tricky to talk in these words, but
these are the real words. So, I'm going
to keep talking even though I know it
creates confusion, but when you feminize
culture where it's permissibility all
the time, it's compassion first and
there's no sense of like something can
break bad or somebody might try to
manipulate or take advantage of me. Uh,
and you just like, no, whoever's
struggling the most, give, give, give,
give, give, give, give. Um when that is
your leading energy which it has been
for quite a while now in the west you
start seeing the problems that we're
having now where you should have
boundaries you should have borders you
should have restrictions you do need
discipline and when you have those two
things in combination where we love and
want to extend compassion and help along
with but not too far and we also have to
make sure that we're fed first and you
know the whole idea of first I fill my
cup up and then whatever flows over then
of course I'm going to want to so you
get to other people, but my cup must
overflow first. Like those kinds of
attitudes we're going to find we have to
bring back. And so, do I wish that
humans were better at finding a balance?
A thousand%. Are we? No. Um, this
reminds me of this graph that I seen
floating around X. I don't know if
you've seen this one where like kind
lies make your society actually
accurate, acutely better, but
chronically worse about how kind lies
kind lies and then over time you kind of
fall off. I know a lot of times we see
it in like relationships or with
friends. They're like, "Yeah, you look
fine. Yeah, you look fine. Yeah, you
look fine." And then three years later,
that person gained 80 1,800 pounds or
something like that. Now it's
intervention. So there there is a
certain point where we have to be
honest, I think, with us as a society to
say, "Hey, we need to make some drastic
moves that might not be profitable
today. We need to plant some trees for
the next generation. We need to start."
And I think that's the one thing that I
will call myself envious of China in the
sense that they're like, "Oh yeah, we
got time." Like, "Oh, yeah. Four years,
8 years, 12 years, it doesn't matter.
5,000 years." Like once he said that,
that immediately kind of ejected me out
of the moment of like, "But what about
ICE on our streets? That doesn't matter.
25 years from now, what the world's
going to look different, 300 years from
now, what are we going to do? What kind
of country do we want to be?" And I
think America has lost that grander
vision, the one that, you know, George
Washington had like, hey, 250 years from
now, we're going to be the number one
like country. I think they did that
right going forward. But I think too
often we're now looking back as opposed
to like, okay, what's the next 250 going
to look like for us? What's the next 500
going to look like for us? And how do we
go in the right direction from there?
>> Yeah. And listen, it works just fine
when you actually allow people to be
free. where it starts breaking down is
you don't have a long-term vision, your
politicians are divided, and you're um
robbing people of freedom. Like, if you
let people be um selfish and do their
thing, obviously on rails, I'm not a
nogo government guy. M
>> you do want some limitations. But when
you let people be free and you let them
pursue the things that they think are
right, when they think, "Oh, this could
be a huge opportunity for me to get
rich." Then we start innovating and we
innovate like crazy and it becomes
absolutely incredible. Where it becomes
a problem is where you have all of that
division and you start trying to clamp
down on people. It's then you break like
the one thing you had going for you that
made up for the fact that we're not
coordinating for a hundred years, 200
years. We're like, "No, no, no. Just go
do whatever you think is the right thing
to build right now in this moment."
>> Uh it works in the long run when the
marketplace is able to actually
function. But when you distort the
marketplace so much by manipulating the
currency, by picking winners, uh
regulatory capture, you get
nothing but distortions and that we're
getting dangerously close to that.
>> When I first seen this, I was like, "All
right, this is stupid. Like, this is not
really a thing." And I'm talking about
Trump's third term. And then
>> this is crazy.
>> And then I started seeing the merch
sales, the Trump 2028 hats. I was like,
"Okay, they're trolling. This is like
not really a thing." Like this is
stupid. And now I'm hearing Steve Bannon
talk on three different shows saying the
exact same thing. And for those that
don't know, Steve Bannon is the
architect behind Trump's first run in
the first place,
>> who went to prison, by the way,
>> for uh refusing to like I think they
held him in contempt.
>> Yeah. Refusing to testify at the J6
committee. Uh so it it seems like with
this there is something happening here
and they are really pushing for this. Um
I want to start with the Cuomo interview
first cuz Quomo even says like, "Hey,
you're a smart guy. I'm not going to
call you dumb for saying this. So, where
is the actual behind? So, I I I'll let
you guys hear from Steve himself.
>> Well, a man like this comes along once
every century if we're lucky. We've got
him now. He's on fire. And uh I'm a huge
supporter. Want to see him again in
2028.
>> And obviously, anybody who uh doesn't
like what you say, but judges at a
function of a lack of intelligence,
doesn't know anything about you. I don't
make that mistake. You're a smart guy.
Oh, you know he's term limited. How do
you think he gets another term?
We're working on it. I think we'll have
I think we'll have a couple of
alternatives. Let's say that.
>> We'll we'll see. We'll see what the
definition
term We'll see what the definition of
term limit is.
>> All right. Well, so you're talking about
litigating this issue because I don't
want people to listen to our interview
and say Bannon's cooking up an
insurrection. Bannon is cooking up. You
know what I mean? I want I want people
to get a straight take on where your
head is. What do you suggest? Chris, as
you know, I've had I've had greater long
shots than this when we we uh supported
President Trump after the election. I
realize you don't believe the election
in 2020 was stolen. We do. We fervently
believe that when President Trump we
went back to Mara Lago on January 20th,
2021, he was the longest of long shots
>> to return to the White House. We said
that day in our podcast and doubled down
having President Trump's back that he
was coming back not just to win the
primary, he would win the White House.
and we had to get organized and and
drive that victory also start working on
all the policies what's called project
2025 or the America first policy
institute but all those different think
tanks that started putting in the
policies so much power scenes that's
what's wild that right now these guys
are trying to figure out a way to skirt
around the constitution play the bill
clip because this is exactly how I feel
>> I didn't do it for Donald Trump I did it
to stand up for the constitution ution.
That committee was totally rigged and I
didn't mind.
>> I brought a copy tonight.
Here it is. The Constitution. Can I read
a passage to you? Here we go.
>> Amendment 22. No person shall be elected
to the office of the president more than
twice. And yet you keep talking about
Trump's third. Maybe you should hum
this. Here.
>> Bill Maher is good at this.
I'll get I'll get you to sign it
backstage and underline. Look, President
Trump didn't bring up running for a
third term. Myself and others brought up
running for a third term. President
Trump is going to run for a third term.
And President Trump is going to be
elected again on the afternoon of
January 20th of 2029. He's going to be
president of the United States.
>> Okay. But but the thing I just read in
there,
it seemed like there was no wiggle room
there. It seemed like it was just, you
know, eight or 10 words. It said only
two times. I we have a a team of people
that are working a team.
>> How can a team do something about that?
How how what I don't care if the team is
12 trillion people. The words are still
the words.
>> Bill, every day in federal courts right
now in federal courts, there's 120
lawsuits on what President Trump's doing
for his article 2 right on the unified
executive theory. He's chief executive.
He's commander-in-chief and he's chief
magistrate and chief law enforcement
officer. There's 100 and they're running
to court every day to sue President
Trump. All because the interpretation of
this the interpretation of this is open
for interpretation.
>> How could it be open? Could I have it
back?
>> How could it I'm
>> Yeah. So he's really banging his drum.
>> No, no, no. You You got to let him read
it again. Like when when he goes through
this this is how I feel.
>> You would agree he's a person. Okay.
Shall be elected. He was elected to the
office. That's the office of the
president more than twice. twice as once
and then another time.
>> I I I don't I don't see what the team is
find.
>> Okay, which is I will disagree.
>> So he says it in the first interview
that we watched. It was like we'll see
what the definition of term is or
something like that.
>> And I'm just like, oh my god, these
people do not learn their lesson. So
this crazily enough would not be the
first time that we had somebody serve
three terms.
uh it has happened before, which is why
we put in the amendment because we
realized, oh, they're just going to keep
running. So, man, it was always sort of
a gentleman's understanding that nobody
would run for more than two terms. And
once they did it, then they realized we
have to enshrine this. We did enshrine
it. So, if they're able to get a
constitutional amendment passed, cool. I
stand by. Obviously, there is a way to
amend the constitution. We want there to
be a way to amend the Constitution, but
there like there are things that are
interpreted by the court where it's
like, okay, admittedly like this one's
maybe not as clear as we want. Like take
the Second Amendment for instance,
>> uh for a well-armed militia or whatever,
there's a lot to talk about with that.
Like, does that mean then that the
average person could just have a gun?
Like I get when people like, okay,
there's a debate to be had.
>> What's the definition of armed? What's
the definition of militia? Was it
>> a thousand%. So now it's a like this one
is pretty clear. So this feels like
people are trying to skirt it. I don't
think people are being honest about why
we have term limits. The whole structure
of the US government was to stop power
from acrewing too much. Right? There's
so many quotes from founding fathers
about this idea of like hey we are very
much aggressively recognizing that
humans tend towards tyranny that power
corrupts. Absolute power corrupts.
Absolutely. And as I if you let a
monarch happen, what what ends up
transpiring is over time that power just
solidifies, solidifies, solidifies. And
so you've got to like keep mixing it up.
This is why I think deep state is the
right word. I think that it is
problematic that we let the power
accumulate in all of those ancillary
positions and we're not being honest
about what causes that problem. And so
the longer one person is in that
position of power, the you just really
begin to crystallize whatever issue you
have and then you get a desperate or you
certainly run the risk. Everybody wants
a benevolent dictator and very rarely do
we get one. And just because the first
king is benevolent doesn't mean that the
next king is going to be benevolent. And
so if we set the precedent that people
can just keep running and running and
running, you're going to get somebody
who isn't going to be in their 80s run.
They're going to be in their 40s or 50s.
And now all of a sudden you've got a
Putin situation or a Xi situation. I
think it is an absolute [ __ ]
disaster. Like this is not what we want.
You talk about banging pots and pans.
Like I will make a lot of noise on this
podcast if this man starts running for a
third term. That is a terrible idea. And
that is let's say that the economy is
just booming. It is still a terrible
idea. So yeah, this is one that people
should push back aggressive in. Dude, if
he was like 38, I wouldn't care. It's
the reality is that when you let power
begin to solidify like this, you run
into trouble. The reason the American
experiment works is we understood ah
these guys can and will break bad and
that also part of the company company
part of the country just feels
disempowered that they're half almost of
the country absolutely
hates this guy. And so you want to give
them a shot, man, where they don't feel
like, "Oh my god, like beating an
incumbent is already so difficult." Like
everybody always goes, "Okay, I really
hate this guy, but I know he's gonna be
out in a max of eight years." That's a
very good feeling.
>> Yeah. So it's not a good idea.
>> Yeah. And it seems like it's bubbling
up. And as he said in the Chris Cuomo,
they're still repeating that um rhetoric
that they stole the 2020 election. So
that's why they have this new resolve.
They feel like their old one, I guess.
Um,
hypothetically speaking, walk me down a
path if they did somehow get the
constitution amended. We've done this
before. There was, you know, we added
things all the time. You know what I
mean? So, we we can it it is legal for a
constitution to be amended.
>> Correct.
>> If it does amend and then he does run,
is this now like
>> cuz what I don't want to happen is we
then ban constitution amendments. So, I
feel like I'm kind of stuck in the
middle. It's like I don't want him to
run, but I also don't want to say the
Constitution should never change ever
and it should be the one that if if the
people really want to see all presidents
abstract it from the one you like.
>> If they want to see all presidents be
able to keep running and keep being
elected, then as much as I will go on an
absolute tear to try to convince them
not to do this, this is a bad idea. uh
if that's what America wants, I'm not
arrogant enough to think that I should
be the one that's making this policy.
So, if we can get a super majority,
which I will say the odds of are exactly
zero on this issue, because there is no
way the Democrats are going to want to
see while Trump is in office, unless he
is like so unbelievably unpopular at the
end of his term that they think, "All
right, let's do it now so that we can
get uh our guy in office and run
forever," which I don't think they would
do until their guy's elected. But
anyway, um yeah, I cannot fathom a world
in which we can agree and get a
supermajority. So, I feel feel very
protected by the structure of the
constitution and our government uh that
this one won't get passed. That's why
I'm like if Steve Bannon is trying to do
something via the court, I really I like
double hate this idea because one, no
matter how much I love the president, I
do not want to see them running for a
third term. No matter how many good
things they're delivering to the
American people, I distrust the nature
of governments. And so seeing them
solidify power, I know how quickly good
can turn bad. Because here's what will
happen. Even like, let's say Trump or
anybody else, they get the economy
going. It's going in a good place and
then things turn and now they're making
a string of bad decisions. They're going
to believe in their soul, but I'm the
guy that got you all of this and so I'm
going to be able to get you back. You
got to give me time, bro. Like, what the
[ __ ] Um, one more term. Just one more
term.
>> So, think about this happening in the
UK. Um, Winston Churchill gets you
through World War II. He's the only
reason that British people are not
speaking German. And what do they do at
the end of the war? They boot him out of
government.
It's like, whoa, what?
>> It's crazy.
>> That seems super icy. But they wanted
somebody else. Not wartime anymore. You
were great at the war. Thank you so
much, but we're moving past it. So, in
the UK, you really can have somebody run
and run and run and run and run. Uh, and
I think it's a terrible idea there. I
think it's a terrible idea here. I think
people serve their term. They do their
thing. And then you you get fresh blood.
You get new people, new ideas. You do
not allow them to convince you, no, no,
no, I'll be able to find my way back.
Now, for people that think that I'm
confused, I do know that Winston
Churchill was then later, like 5 years
later, reelected him, re-became prime
minister. But anyway, uh so
it it is a bad idea for the simple fact
that humans become convinced that they
are right. People become tyrannical as
power consolidates even if they don't
mean to be because they think they're
right. They're going to keep pushing for
it. And unfortunately, we really do have
a propensity to just reelect the same
person we had before. And so momentum
carries you to a certain degree. It's a
bad idea. It's a bad idea.
>> Chad's pointing out the irony of Trump
promising term limits for Congress and
then going off this
>> dude. This this is everybody burn this
into your soul. This is what humans do.
This is how you get the rules for thee
and not for me. People are inside their
own head. They really believe that
they're right. They don't want
limitations on themselves. They only
want limitations on others. It is an
absolutely wild way to walk through the
world to me because it is so obvious
that any one human can be so wrong that
if you don't have checks and balances
that you could get into a string of
doing wrong things is just really really
terrifying. And I'm saying that as a CEO
who is I'm the emperor of impact theory.
I can't be fired. But what I remind
myself of is anybody who quits has
literally just fired me. They've said
voter no confidence. I'm out. And so I
sit with that and I go, "Okay, cool."
Now, it doesn't mean that I'm going to
change what I'm doing. I may think that
they're wrong. I may think, "Cool, I
totally get it. Let's part ways. You go
do your thing. There's a whole lot of
reasons why somebody might leave." But I
do sit in the moment of h this is they
have said I'm not the best thing for
their life at a minimum. Now, sometimes
they have reasons where I'm like, "Okay,
I can't offer you that thing that you
think is better for your life anyway,
whatever." But it's good to sit with the
hm it's possible that they see this well
and I see this poorly. And if you open
that lane of humility, I have found that
you're far more likely to suddenly step
outside of your frame of reference, see
something you were blind to, and now
stop making a mistake that you were
making before. Uh I really don't trust
politicians to do that. You can't trust
the average person on the street to do
that. and the kind of person that is so
confident in themselves that they can
push hard enough to be president. If you
want to be president of the US, you're
basically saying, "I want to run the
world." That's wild. That's wild. That's
so arrogant. Anyway, it's good that
somebody does it, but oo buddy, the
downsides of that personality are
extraordinary, and we must protect
ourselves. I want to keep this thread
going because this brings me over to the
UK um where the UK government um is now
defining what terrorist ideologies are
and Tommy Robinson and some other
commentators in the UK have saying that
we're kind of going too far. So I want
to lay this out there. I'm I'm super
curious what chat has to think u cuz it
makes sense to me but I I want to see
where we're go like how you respond to
it. Um so the this is from gov.uk to
prevent duty training. These are
terrorist ideologies. Extreme
right-wing. We define extreme right-wing
terrorism as the active or vocal support
of ideologies that advocate
discrimination or violence against
minority groups. The three most common
subcategories of extreme right terrorist
ideologies in their narratives are one
cultural nation uh nationalism. Western
culture is under threat from mass
migration and a lack of integration by
certain ethnic and cultural groups.
Number two, white and ethnoism. Mass
migration from non-white world and the
demographic change poses an existential
threat to the white race and western
culture. And number three, white
supremacism.
The white race is biologically,
culturally, and uh spiritually superior
to all other races. An alternative form
of government ranging from fascist
themes to eth ethnotribalism should
replace western parlitarian democracy.
Um the one that is kind of getting
highlighted here is the cultural
nationalism. Western culture is under
threat from mass migration. Um, in your
view, I look at this as kind of like the
Hitler. It's those guys over there that
are coming in that are going to take it.
So, I think that's what they mean. But,
however, what are people what uh
commentators are saying now is because
we're pointing out the irony of of
immigration causing crime, causing all
these problems in the UK that they're
now saying we're the terrorists for
pointing that out. Um, how what about
this statement do you think that the UK
is getting wrong? Okay. So, uh, cause
and effect is real. So, when you do
things, there's going to be a reaction.
And what the UK government, for reasons
that are I mean, I have a story that I
tell myself about why they're doing
this, but it is so wild. I almost don't
want to believe it. But the
the reality is that where people grow
up, what they're taught, what religion
is sort of the, you know, in just the
background frame of reference that that
country holds, all of these things
matter and they matter in two very
specific ways.
>> They speak to your beliefs and they
speak to your values. Now, your frame of
reference controls not what you look at,
it controls what you see. So we can all
look at the same thing and walk away
saying very different things happened.
This is getting people to understand
that the vast majority the vast majority
of the human experience is
interpretation. Okay. So what's actually
happening almost doesn't matter. It is
merely a stimulus that causes a response
from a frame of reference. Okay. If I
can get people that far that different
people with different beliefs and values
have a different frame of reference
based on those frames of reference, they
will collide with each other because
they will think the other person is just
like completely unhinged because they
are unintentionally asking themselves a
question. What would their actions mean
if I did them?
>> And so that's why women are constantly
confused by men. Men are constantly
confused by women because we think,
well, what would that action mean if I
did it? That that would be like
completely unhinged. and just we're
living in different uh frames of
reference. And then the third thing that
goes into a frame of reference is
biology which obviously is the big
difference between men and women. Okay.
The biological stuff if you've read as I
have read minecom then you would
understand uh where Hitler comes in is
the white ethno nationalism and the
white supremacism. Both of those are
dumb. Uh so I get why people would be
afraid of that because those are from a
cause and effect standpoint those are
going to isolate people. They are going
to make them other everybody that
doesn't look like them which is already
it's just a mistake. It is a category
error. You are looking at someone who
doesn't look like you and you think
immediately up this person is the enemy.
When in reality if you want to know if
you will mesh with somebody you do not
need to know anything about their skin
color. You need to know about their
beliefs and their values. Once you know
their beliefs and their values, you will
find very quickly whether you guys are
going to uh mesh well together. So,
immigration not a problem. If they
assimilate, immigration becomes a
problem when they don't assimilate and
you don't have shared beliefs and
values. Now, what do I mean by that? I
mean they're going to fight. They're
going to pull in different directions
because people will ultimately run into
the point where they realize, I'm not
going to be able to convince you and I'm
not willing to give up my way of life
and so now we're going to fight. And so
that is the thing that's happening. Now
the reason that number one is so
ridiculous which again is cultural
nationalism. They are defining this as
terrorist ideology. If you believe
western culture is under threat from
mass migration and a lack of integration
by certain ethnic and cultural groups uh
that that's terrorism. That's math. So,
if I go to Japan right now, I'm going to
have every temptation in the known
universe to make Japan more like America
because that's my frame of reference.
I'm almost 50. I'm not going to like
suddenly wake up and be Japanese. Now, I
have a love of Japanese culture. So, I
can actually imagine a world where I'm
like, you know what? I'm just going to
go like I'm tired of all this um
entrepreneur stuff. It's too exhausting.
I'm just going to go collect TCG cards
and Gundam robots and I'm going to live
in Japan for the next 20 years. And
while I'm there, am I going to become
more Japanese or am I going to try to
stay American? Now, my thing has always
been if you're going to a country, you
go to assimilate unless you're just
visiting.
>> And so, if I go to Japan, I'm going to
learn the language. I'm going to adhere
to their customs. Now, it's not going to
change me all the way. I'm still going
to celebrate Christmas my way. I'm
probably not going to go to KFC, but
it's like I'm going, which they really
do on Christmas, by the way. Uh, it's a
whole thing. Yeah. Yeah. Uh, so that's
me saying, I have a value system that
says, yo, you've got a culture of your
own. I have been appreciative of the
things that your unique culture has
given birth to. So, I'm not coming here
to try to make you more American. I'm
coming here to be more Japanese. So, but
I get it. Like if you suddenly let in 6
million Americans, uh they're going to
start pushing Japan in a direction of
being more American. And I would imagine
that the people in Japan are going to be
like, "Hey, I like my Japanese culture.
I would like my Japanese culture to stay
Japanese." So I totally get why they
would then have a resentment of
Americans not assimilating into Japan,
not trying to be a part of Japanese
culture. And so if people could just
flip it the other way and instead of
making it about whies like being
paranoid about brown people coming in
and [ __ ] it's not that. It is a set
of values. I want my country to be
recognizable to me as I age. That's
really what you're fighting against. And
so that comes down to what makes it
unrecognizable. It is not the color of
the faces. It is the shared values and
beliefs. It's like I cannot believe I
have to beat this drum this hard. But I
feel like I'm in a death loop getting
people to understand this. So if you
understand every country has the impulse
to I grew up a certain way. I have a
certain frame of reference based on
biology beliefs and values. Let's
discount the biology part because
there's so much overlap regardless of
race, color, creed, sex that that one is
way more useful when you talk male,
female becomes far less useful when
you're talking about the mixing of
races. Uh but certainly beliefs and
values matter a lot because it's going
to pull how what policies you want, how
you want to see things look. And so
people have a really strong impulse to
protect their culture. Now, at some
point, I guess we just decided that
that's not a real thing. And we started
importing like just gazillions of people
into all the country, all western
countries. And now all of a sudden,
we're realizing, oh wait, like they're
coming with a very strong perspective.
They have a very strong frame of
reference. And so they want to remake
whatever city they land in to what they
grew up with and what their frame of
reference is. And now people are going,
I don't like that. like there's nothing
weird or uh
ethnosentric
is complicated enough. Let's stay away
from that. It's just a very simple
everybody wants the world to look the
way they like it.
>> Okay? And so if you invite people in
that want the world to look a different
way than you, you're going to have
political collisions. We have political
collisions between the left and the
right. Bro, is that is that about skin
color? That's not about ethnicity or
nationality. That's about [ __ ] values
and beliefs. So if we can see that
differing values and beliefs make the
left and the right of a single country
at each other's throat and feel like I
don't want you to marry my daughter.
>> Can we not understand that's the same
phenomenon and you're just getting
confused by skin color?
>> This it's a really good point. Um, I
want to shout out IG therapy mom cuz she
said, "When did it become bad to support
your host country and to be proud of
your country that ideologies was will
collapse the UK from the inside?"
>> Correct. It's already collapsing.
>> Yeah. When did national become bad?
>> Is there like a certain historical
context we might be missing?
>> This is why people are constantly trying
to point things back to Marxism. This is
all about being oppressed. This is about
class struggles and we're trying to map
it onto race. So the Marxists thought
that the um lower class, the working
class would rise up and overthrow their
evil overlords and usher in a utopia.
And it didn't happen. And so they're
like, "Fuck, what do we do?" And they
found a very like useful thing, which
is, oh, let's map this to race. Let's
map this to the power imbalance, and
let's just tell people of different
races that uh you guys are looked down
on. you guys are a lower class. Uh you
guys um are being taken advantage of.
Don't worry at all about the individual
strength that you have. Focus only on
how you're being oppressed. Focus on
your victimhood. Robbed everybody of
their agency. The very thing that made
America the most dominant country the
world has ever seen. And just made
everybody like adopt a frame of
reference of somebody who's disempowered
and being abused. And now because people
want to fit in and be cool, if being
oppressed is cool, then people are like,
"Yo, I want to figure out in what way
I'm oppressed."
>> And so you want to talk about racing to
the bottom. That is like the dumbest,
most dis-empowered thing that you can
get somebody to focus on. So, uh,
Marxism, the unifying factor.
>> I got one more for you. I was with my,
um, young nephew. I love him to death. I
was out in Chicago this weekend visiting
him. Um, and he is very on the left of
me. Um, and when we were talking about
like immigration and some of the
problems and stuff like that, he like
showed me this meme. Now, this is kind
of like a rework of it, but you've seen
it floating around on the internet, some
variation of it, about how all these
deportations, everything is happening.
Prices didn't come down. Wages didn't go
up. None of those things happened. Um,
Biden got the 6 million people and
that's why your life is bad. Before
Biden was here, your wages were still
stagnant. They've been stagnant since
the 70s. So, there's all these things
about like how the oligarch, the rich
person saying, "Hey guys, we have to
worry about this immigration problem."
When as we could see in the meme, it's
kind of like, "I got all the cookies.
You have your one cookie." And you're
trying to get other people to be nervous
about them taking like that whole thing.
A lot of times they're like, "This isn't
really with all the ice, with all the
increased border, with all the clos like
all these things that are happening. Has
it had a tangible positive effect that
we think it was going to have?" Um, how
do you talk to the people that say this
is just a distraction to keep us from
holding them accountable to a higher
standard or holding making the
government more accountable to doing
more for their actual people?
>> So, first of all, I love your nephew
because this is a brilliant meme. Uh,
everything in that meme is true from
there are people that are very good at
getting cookies and they want your
cookie,
that you may not be as good at getting
cookies and there are two people at the
table that want your cookies.
Uh, and that you are being manipulated
because they made the foreigner a
different skin color on purpose.
And the reality is, make that guy white.
Make all three people at the table
white, make all three people at the
table black, whatever. Uh, they all want
each other's cookie. And if we don't
understand that within us is like, let
me paint you another picture. Uh, both
of those guys sitting directly across
from each other. So, forget the evil
corporate guy for a second.
>> Left and right.
>> Yep.
>> They are both,
>> let's just make him Christian.
And my man, the construction worker,
sees the other guy wearing a cross and
it's like, "Oh [ __ ] you believe in
Jesus." I believe in Jesus. I believe in
the resurrection. I believe in the
resurrection. What's that [ __ ]
going to do with that cookie instantly?
>> Break it in half and share it.
>> Break it in half and share it because
they share [ __ ] values. They share
beliefs. It is all a trick that they are
trying to make it because hey the guy
with the skin color and by the way
insert politician insert greedy anybody
you want. Yeah of course if they're uh
mchavellian enough and they realize I
can divide you over race they will a
thousand%. And what I'm trying to get
people to understand is don't [ __ ]
fall for it. So there are some of the
reason homeboy has more cookies is he's
just better at playing a game than you.
He's playing a different game than you
and regulatory capture is real. And so
once you start realizing, oh the economy
has been weaponized against me. Oh, I
could the the very way that the rich get
richer is available to everyone, but it
requires risk and understanding. Most
people are not willing to take the risk
or the understanding to buy assets. Just
to cut to the chase what I mean by that.
So
all of this is both real and an
illusion. You are only trapped if you
let yourself get trapped. But you are in
a fight for cookies. Now, the great news
is through innovation, there's more
things available to everybody. Things
get cheaper. It's only your government
that makes them more expensive. And if I
could get people to follow the cause and
effect of how economies work, oh buddy,
we'd be in a great spot. But I can't. Or
not as fast as I would like,
man. We will see what happens. Um, do
you think that there is a chance that
this wave of immigrants when they have
children and they start to go to school
in America and they start to listen to
rap and rock and roll and they roll up
their sleeves and they smoke cigarettes
and they drive a 1950s Mustang and
whatever American values things that
assimilates to them with them just being
in this country. Um, they date a white
woman like what would that do you think
that that would culturally? No, but
seriously though, like the second
generation, could that like be the thing
that
stops this value breakage that we're
projecting on? Cuz I think there there's
two different things that's happening
right now. I think there's actual
problems in the world in October 15,
2025, and there's problems in America
that's going to happen around 2040
that's really going to be bad. Like
really, really, really going to be bad.
And I think sometimes we look at the
things that are going to be bad and we
skip over things that like are actually
bad. So I'm asking, is there a
possibility that with this immigration,
yes, they came, but just like the all
these other different cultures and
classes that come and have been
assimilated, they go to church, they
meet other people with their crosses and
hijabs that they like and they go into
their communities and they kind of um
separate off and they be become
thoughtful members of society. Is that
still possible? Or is it now like
immigration because of populism, because
of the economic strain, do we take a
break and pause and wait a little bit
until the economy gets better and then
we open the gates back up?
>> That would be far smarter.
>> Mhm.
>> It it is immigration is a complicating
factor. Full stop. It it is it's like
inflation. You're competing for jobs and
now there are more people competing for
the same number of jobs.
Uh once you understand that
unfortunately a huge part of the reason
that we imported so many immigrants is
because it drove the cost of labor down
and we have told ourselves a uh moronic
story which is well Americans wouldn't
do these jobs. False.
Like if people need the money, they will
do the jobs. And if the job offers too
little money, then people will have to
like raise wages to get people to do the
job. It's just like this is economics
101.
>> But if at the current rate an American
won't do that job because of the money,
>> then I go, well, can I send this job
overseas? Yeah, go ahead. Cool. I'm
going to send it overseas. Well, this
one's farming. It can't be sent
overseas. Okay, can I import cheap
labor? Yeah, sure. Go for it. Then I'm
going to import cheap labor. If if you
give other options, they will take other
options because creating something where
the outputs are more valuable than the
inputs is ridiculously difficult. And so
if people have the option to globalize,
they will. And remember, this just all
goes in cycles. You globalize, you
contract. You globalize, you contract
because there are knowable results to
all of these things. So, uh, this was
predictable when you started
globalization in the '90s and people
tried to warn us and we didn't listen
and, uh, what they were trying to say is
you're going to end up exactly where we
are now. Uh, you're just going to have
to contract. Now, how could they have
known that? Because it happens over and
over and over and over and over and over
and over throughout history. So, uh, the
repair mechanism is also knowable. You
have to stabilize your country from uh,
they can't they have to stop hating each
other so that you don't have this crazy
divide. How do you get your country to
stop hating each other? you make things
economically good and you stabilize the
um the
culture so that you've got people that
raise their kids to believe similar
things and then they raise their kids to
believe similar things and now you're in
a much better position. But we did not
choose that path and people historically
don't. in times of plenty, you start
trying to reap even more rewards and you
globalize because there's so much money,
everybody's feeling good. Uh, and
especially if you've got countries that
are lagging behind like China was ecatic
for globalization because it is the very
thing that helped them get out of
poverty. If they had stayed
isolationist, they wouldn't have been
able to do it. So, um, but yeah, you you
have to slow down on the immigration
because values and beliefs matter.
You've got to see where things are going
to settle out. Uh, and then I mean
listen, there's a big push all over
Europe, obviously here in the US to
remove forcibly immigrants.
>> Yeah, that's what's been happening
across US cities. Um, a matter of fact,
we just have we have a link for that.
>> Here's the really bad news. If you could
snap your fingers and d whatever people
estimate the if you could remove the 30
million immigrants, it would help
tremendously.
Now, you would have uh obviously the
real fantasy is only remove people that
don't share your values.
>> Mhm.
>> But even if you just said, "Ah, an
immigrant is less likely to share my
values. So, cool. We're going to Thanos
snap them back to their country." Um,
yeah, it would help. Now, you'll have a
momentary blip where you're like, "Uhoh,
we don't have people filling these
jobs." And then people would have to
come in and say, "Yeah, your prices are
for those things. They are going to go
up." and
we're all screaming about the state of
the economy. It's like uh yes, you're
going to have to start paying more so
that real wages can go up
>> and you need to put the worker people
always default to um unions, but unions
aren't the thing that helps. What helps
is that the jobs are actually here
and that especially like bluecollar
workers don't just eject out of the
labor market because there's no
manufacturing. So they're in they're
competing. They're pushing for wages and
now you have a pipeline where you don't
have to go to college that you can get a
trade job and that it gives you a great
middle class living. And when you have
that pipeline and there's pressure on
the companies to pay a livable wage and
then you stop money printing, you have
to balance the budget. Can't stress that
enough. Then you get back to the middle
class prosperity that we had after World
War II. I mean is again this is just
math.
>> All right, let's go into space a little
bit and check out this new Space X
launch or should I say landing cuz they
just landed on some water.
>> Dude, this is so dope. Are how give me a
scale of 1 to 10. How much are you like,
"This is the coolest thing I've ever
seen in my life."
>> Um,
>> it's a one. Don't care about space.
>> It's No, it's cool. It's definitely
cool. I love stars. I'm a sucker for
stars.
>> Do you know how big that thing is?
>> Mhm. How big?
>> It's bigger than most skyscrapers.
>> That thing is massive.
It is the biggest flying object ever in
human history.
>> Wow.
>> Uh, and they got it to hover.
To hover.
Dude, this is crazy. This is one of
those where I weep. I I'm a very
excitable person, I will admit. And
every now and then, I will step inside
of like Mason, especially his mind, and
look back at me, and I'm a lunatic,
>> but I I get very excited about things,
but I am very sad for people that don't
get excited. Dude, this is incredible.
Humans are amazing. We can kill on mass.
There's no doubt about that. But we can
also build things like that. We are,
Drew. We are actually going to be a
multilanetary species. They're actually
going to be people that live on Mars.
They're going to be children born on
Mars. They won't know Earth. Earth will
be like, they've heard stories. They've
seen pictures. All of that. They've
played one of the video games that I
make that's like a Earth Simulator.
They're going to love it. It's going to
be really fun. But they will have never
actually been to Earth. That's going to
happen. Now, that's going to happen in
our lifetime
>> if you keep your diet right.
So, uh, man, this I am I am enthused
would be an extreme
understatement. This is incredible. All
right. Uh, the video has been playing,
so if you guys are watching it, it is
amazing. It launched up. This is the one
that This is called Starship. They've
blown it up before, but this time it
actually went up. Now, they landed it in
the ocean, and if anybody in chat knows
why they landed it in the ocean, do
tell. Uh but they landed it back in the
ocean instead of uh catching it with
chopsticks. And that I don't know why.
Uh it may just be we're not going to
bother building that stuff until we know
it works. I imagine it's something like
that.
>> Uh is this the one that shows that it
lands? Yeah, it is. Okay, cool. Um so
>> that's it on the right side from like a
separate boat and this is it coming down
um and like turning.
>> I just cannot believe humans have been
able to do this.
>> I didn't know was as big as a
skyscraper. That's
>> so inspiring.
>> Yeah.
>> Oh my god. They built what they call the
world's most um
high-tech, I forget the word that they
used, but the world's most high-tech
bakery. So, they bake the heat shields
in their own facility. What what Elon is
doing, I am so sad that people uh look
at his politics like please, no matter
what side of the aisle that you're on,
look past his politics. What he is
showing that human beings can do is so
incredible, man. Because look, he's able
to aggregate these people. I am well
aware that Elon is not there with a
hammer or a 3D printer making these
things. But without Elon, you never
would have gotten this. His belief, his
ability to rally people, his like
obsession with efficiency. Like this is
this video makes me want to get in a
car, drive to that guy's house that did
the video about hustle culture and just
slap him like real hard across the
mouth. Like this is what hustle culture
gets you. Like this is insane. This is
so cool. This is so cool.
>> I guess I'll get more excited because I
feel like me being a space geek, I just
know that the faster than the speed of
light thing hasn't been solved yet.
>> Wait, you're a space geek, but you're
not like literally
>> cuz I'm I'm less like light pollution
like bothers me internally. Like I feel
like we should everybody should be able
to go back in their backyard and like
look up and see the stars. Like I'm just
>> I like I like that. I feel like
>> sort of.
>> But that's the thing. you we want us to
care about space, but we don't even see
it anymore.
>> And I feel like that's the disconnect
that we now currently have. So that's I
used to have like telescope. I used to
be really into like planetary watching.
And I feel like now it's more so
>> I feel like we're going to end up
getting spacecraft
versus multilanetary species. Meaning
we're going to get these rockets are
going to go to a different asteroid,
mine a bunch of stuff, bring resources
back, but we're never actually going to
get people outside and do all these
other things. I think it's going to be a
cash grab in space.
>> It Okay, so wow. What a fascinating
bundle of things to put on the table.
Okay. Um, everybody, please, I beg of
you to remember money is awesome.
Why is money awesome? Money is awesome
because it is what's known as proof of
work. So, as a species, we realize, and
this is an incredible thing that we've
done. As a species, we realized, okay,
wait a second. I'm I'm I have to exist
right across time.
So during that time, I need to make sure
that I survive. And one of the reasons
that cultures that had winters ended up
just beating cultures that don't is when
you have a winter, you're like, I need
to plan ahead.
This is why reason number 462 why
Minecraft is the greatest game of all
time. A simple mechanic known as
darkness controls danger. It is utterly
brilliant and
you very quickly learn I have to plan
ahead for the night so I have to build
safety be and or I have to build torches
for caves because darkness I will
encounter darkness darkness is
dangerous. So, humans realized not only
is darkness dangerous, big animals are
dangerous, snakes are dangerous, uh,
weather exposure is dangerous, and we
live in this weird cycle. And so, every
so often it gets excruciatingly cold,
and food becomes hard to find. And so,
you start having to plan for that. And
so then you go, "Okay, with my time
right now, I can uh jerk off, flirt with
that chick, uh joke around with my boys,
um or plan for the future." Okay? So,
you map out how you're going to spend
your time, and everybody's allocation is
going to be different. The quote unquote
rich people are the ones that said, "No,
I'm going to plan ahead. I'm going to
put all my time into planning ahead." So
maybe bang checks, plan ahead, right?
Because that's about having kids, which
is also future planning. And then uh I'm
gonna like
collect grain once we get into
agriculture. But before that, I'm going
to like map a better path, set a better
trap, whatever to get those resources.
>> Mhm.
>> So when I hear you say, um, this is
space is going to be like the Minecraft
version and it's just going to be a cash
grab, I'm like, yes. because we are
hardwired to want to turn our time into
resources. And so the acquisition of
resources is awesome. Now if somebody
lets it become pathological and they
want to pursue the acquisition of
resources and they have no sense of
self, they don't connect with other
people, um they have no meaning and
purpose, I get it. It ends up it's a
very sad existence and this is why a
billionaire can accumulate all that
money only to kill themselves. Um, but
if you're confused about why we will
always pursue money because it has
extreme utility. Um, then life is going
to get very confusing. So, space needs
to be a quote unquote cash grab. It's
the thing that will incentivize people
to go do it because right now on Earth,
they have to say, "I need to have
something to show for my time." And so,
getting into space has to be a cash grab
because that's return on time. So, cool.
That's why that's why it always is
motivated by that first. and then it
democratizes and it goes across other
people. We'll never get to space if
there's no cash grab. In fact, the
brilliance of Elon is he's been able to
cash grab every step of the way. So, he
hasn't needed people to go, hey, just
fund my vision to Mars. He's gone, I'm
going to launch more satellites, which
was just a cash grab for somebody,
right? And so, I'm going to build this
thing. I'm going to make launching
satellites cheaper. Cash grab. Cash grab
for people trying to do something.
>> Uh, and then I'm going to leverage that
to build this other thing. This is why,
by the way, I do impact theory
university. I will often get asked by my
students who understand that um the math
doesn't make sense for why I do impact
theory university because the company is
already making plenty of money. So, and
I already have ridiculous amounts of
money. So, it's like why am I doing
Impact Theory University? Exactly. I do
it for two reasons. One, entrepreneurs
solve all the problems and generate all
the tax revenue. So, teaching people how
to be entrepreneurs is very, very smart.
And then two, my video game is a black
hole of investment. Video games are
excruciatingly expensive. So my trade
with myself is I will go do this thing,
which I think is very good for the world
anyway, but it also allows me to fund my
game. So I don't need my game to be
successful. I can just keep developing
and developing and developing and
developing and developing until I
[ __ ] figure this out. Um, so
that's the model is you launch
satellites even though that's not really
your goal. Your goal is to make Earth a
multilanetary species. Got it? But
you've got to make money along the way.
So, I probably will eventually stop
teaching entrepreneurs, but it is how I
have a constant fuel source for the
game. So, anyway, cash grabs are good.
Of course, they can turn pathological,
but anyway, I just want people to have
the right relationship to money.
>> Cash grabs are good. Unless you're
Disney and it's Tron.
Heyo. Haven't seen it, but heard it's
terrible. I heard it's terrible.
>> And it's also a cash grab. That's all I
got.
>> All right, boys and girls. I am so
grateful to you guys showing up because
I really enjoy thinking through these
problems. Uh thank you for being here.
Thank you for being a part of the
conversation. Wow, does it uh matter to
us. We are so grateful to each and every
one of you guys. You're amazing. Uh even
when you're telling me that I am dumb,
it's still wonderful. Uh, what TCG?
Pooky. If you want to talk TCG, Lord
knows that I hope this community gets
excited about it because when I go in on
something, I go all the way. I don't
know what TCG
>> for now. I'll just say trading card
game. I'm not going to play the game at
all. I'm just collecting. But I'm going
to start with One Piece Gundam. What?
>> Like Pokemon?
>> Yes. But I'm not a Pokemon guy.
>> Oh, just the the category of trading
card games. Got it.
>> So, I could see myself getting addicted
enough that I end up getting into
Pokemon, but right now Pokemon art
doesn't speak to me. Anyway, uh, thank
you guys all. You're amazing. I'll see
you on Friday, 6 a.m. All right,
everybody. Also, the channel's doing
great, you guys. Thank you so much. Our
Mondays, uh, everything is popping off
of the deep dives. Please keep watching
those. God, you've made that our number
one piece of content. And then, uh, the
interviews, we got so much love on the
Malice interview. So, if you haven't
watched the Malice, Michael Malice
interview, just came out yesterday.
Watch it. Let me know what you guys
think. Here is a truth no one tells you
about scaling a business. The number one
reason seven figure founders fail is not
because of bad strategy. It's people.
What built your $3 million company will
break it on the way to a hundred
million. I know firsthand. I've seen it
so many times. Your team cracks,
politics creep in, your A players leave,
and suddenly the company you fought to
build out of nothing is stalling out. I
co-founded Quest Nutrition and scaled it
from 0 to a billion dollar sale. I've
conducted more than 1600 interviews
myself and I'm telling you right now,
most founders lose because they never
build a real leadership operating
system. That's why I'm hosting an
exclusive workshop for founders doing a
million dollars or more in annual
revenue. But if you're scaling fast and
your team is starting to crack, this
will save you years of pain. Click the
link in the show notes, register for the
workshop now, and I will see you guys
there. If you like this conversation,
check out this episode to learn more.
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