Kind: captions
Language: en
The Israel Iran conflict is heating up.
US involvement seems imminent. Trump
dips out of the G7 early, presumably to
plan Iran's strategy. Both US and Israel
claim Israel has total air superiority
over Iran at this point. Iran promises a
surprise tonight that will be remembered
for centuries. The exiled Shaw of Iran
addresses the Iranian people directly
and the FBI and IRS are promising to
track down whoever is funding the LA
riots. Drew, I would make a wise crack
right about now, but this is getting
pretty crazy. I stopped myself from
saying in the intro that the Israel Iran
mashup is uh going nuclear, but I
couldn't stop myself from saying it now.
So, there we have it. But this is uh
this is unnerving to say the least. So,
to level set, it started over the
weekend. Um it started a long time
before that.
[Music]
I I don't even know where like the start
was cuz I'll be honest, I seen Israel
fire first and then I kind of jumped
off. I'm just amazed how in real time
we're seeing the entire world turn on
Israel. And I think that with October
7th, the Hamas conflict, we can
understand that. We can rationalize
that. We can get back to it. But now to
start another war with Iran because of
nuclear weapons that Tulsi Gabbard said
we don't have, it's giving me weapons of
mass destruction 2.0. I don't know.
Interesting. Uh, okay. Well, we'll get
to that in a minute, but first, so you
hit me with a curveball there. The we're
watching the whole world turn against
Israel in real time. That feels like
that happened before. Uh, so over the
last few months longer, yeah, it's
really watching the rise of
anti-semitism again has been really
terrifying. Um, it's just such a crazy
loop in history. But yes, I think that
Israel way overplayed their hand in
Gaza. the they had completely lost the
support of even some of their most
diehard people. Uh but them going after
Iran does not surprise me. Uh the one
thing I will say that I'm impressed, I
don't know if that's the right word, but
even though they have completely lost
the backing of the international
community, I guess apparently other than
the US, like we'll get to that obviously
in a second, but um all of the popular
support draining out of Israel uh for
what they were doing in Gaza, clearly
ethnic cleansing from my read, uh
possibly spilling over into even more
sinister territory.
But despite all of that, continuing to
push into Iran to finish the sort of
threeprong job as far as I can tell. So,
um, dealing with the, um, dealing with
everything that was going on in Gaza
with Hamas, uh, dealing with the people
in the north, I cannot believe I'm
blanking on their name. Hezbollah.
Hezbollah. Thank you. Um, dealing with
Hezbollah in the north, and then going
after Iran, the head of the octopus, as
they call it. And
I saw an interview with Bennett, the
former prime minister of Israel, I
believe, who was prime minister right
before Netanyahu, but somebody will need
to fact check me on that. And he was
like, "Listen, I've been a huge critic
of Netanyahu. Think he's terrible, but
on this, all Israelis are behind him in
terms of going after the head of the
octopus." And I think he was the one
that coined that phrase that like all of
this terror that's happening to Israel
across the Middle East is all coming
from Iran. And that while there will be
countries that will condemn Israel for
going after Iran secretly, they're all
going to be saying thank you because
nobody wants Iran to have nuclear
weapons. And I mean, look, that'll play
out in the fullness of time. But I will
say other than a couple like strongly
worded letters, like nobody in the
Middle East is squawking. Uh it's my
understanding that Syria is even
allowing Israel to use their airspace in
order to get to Iran. So this feels like
one where despite how grotesque Israel
is looking as they continue to pummel
Gaza, people feel differently now that
they're going after Iran. Like the tone
shift has been dramatic. And so that's
interesting. And I don't know if it's
just the oppressor oppressed thing was
so
clear in the when Israel was going after
Gaza that it just looked grotesque. Uh,
and now people don't run the same moral
calculus when they're going after Iran.
If people believe that there really are
Iranian nuclear weapons, that's going to
be fascinating to parse as we go deeper
into this. But the Trump camp now
splitting over Trump's embrace of this
is fascinating. And that's where I was
going to go next. To be clear, I we will
be critical of Israel in this video, but
I do want to separate that from
anti-semitism. That's no excuse to do
any hate violence to Jewish people,
anything like that. But we can still
criticize the government just like we
criticize Trump and Biden and all those
things like that. To me, it seems that
what Israel is fighting in this specific
instance, stopping Iran from becoming a
nuclear power, trying to destabilize the
nuclear program and to stop the head of
the octopus, because Iran seems to kind
of be this hub for other terrorist
organizations. Um, I understand on paper
why they're going to do it, but I'm also
being skeptical of what Israel is
telling me the reasons because of what
we just seen in Gaza and Palestine and
things like that. So to the people that
are looking at it, just from a
scoreboard perspective, Israel is not in
the same um restrictions that Iranas
have due to the sanctions and things
like that. So then we don't even have an
accurate report of what the Isra the
Israeli nuclear program looks like
versus we know exactly how c how much
centrifuge they have how enriched it is
to a percent on the Iran side. Is there
a little bit of hypocrisy that Israel
who has been acting like a war criminal
in Gaza has kind of this free reign to
bully other people about their nuclear
programs even though they might be doing
the same thing in their own country?
It's a really interesting question and I
promise dear listeners that we didn't um
talk about this beforehand but as I was
doing research on this the one thing
that you just step back and look at and
go okay I've said many times and it's a
very famous quote the strong will do as
they will and the weak will suffer as
they must uh and you just take that
sideways glance back at us for a second
you realize uh oh like we're the strong
who will do as they will and admittedly
and this this is a level of bias that is
so pervasive in my mind that I would
have a very hard time stepping outside
of it. Democracy, though wildly
imperfect ours is, still feels like the
only government I would want to live
under. And listen, you need do nothing
more than watch the deep dives that I
write to see that I have deep and
fundamental problems with the way that I
think our government steals from us. But
to make the point very clear, democracy
to me is the right answer. The west is
the right answer. I think that it has
the moral high ground. It does not have
moral perfection. Let me be very clear.
But we have the moral high ground. So
I'm glad that we are the most powerful,
but at the same time to your point, when
you are the most powerful, there aren't
checks and balances on you that there
are on other people. And it is not lost
on me that America is the only country
to actually drop a nuclear weapon. Make
that too. Uh so
I cling to things like well we could
have put the world under our thumb after
World War II and we were the only ones
that had a nuclear weapon and we didn't.
And so that makes me feel very good. The
fact that we helped rebuild people that
had been our um staunch enemies and that
makes me feel tremendously good. Right.
So, I feel like we've done things to
earn some of that moral high ground, but
again, it's not lossy that we don't have
certain checks and balances on us that
we apply on everybody else. And so, um,
Israel is one of our closest allies.
Obviously, um, the fact that everyone
just assumes they have nuclear weapons,
but they've never declared that they
have nuclear weapons. It's like, well,
that does feel a little bit special. But
at the same time, I look at the outcome
of the Israeli government and I look at
the outcome of uh the Iranian
government. I would say the Palestinian
government as well, but people obviously
going to throw flags on that plate. But
what are you going to say about Iran? So
uh I mean I know what they're going to
say that the US flipped the government.
Uh which is not untrue sort of. Um but
nonetheless, the Iranian government
overthrew the dictator essentially that
America had put in place. of Iran, uh,
but with a theocracy. I'd be lying if I
said that I wasn't watching with baited
breath to see how these ideologies
perform. Like, yeah, much like the US
versus the USSR was not just a a cold
war of
ideologies. It was a cold war where the
economies were going to play out. like
how does this ideology manifest as a a
tangible economic engine? Yeah. And so
now we're going to see the same thing
like Iran isn't Palestine, man. They're
they're 91 million people. They've got
[ __ ] oil for days.
And so it'll be interesting to see if
said theocracy
stands up tall or if it's as weak
internally, meaning it doesn't have the
backing of its own people in the way
that propaganda certainly wants me to
believe. I I it's all spin, so I never
know what to believe, but um certainly
that's the messaging. Nice. Um to your
point of Trump is having a problem with
his base splitting. Some people are for
jumping into this war, some people are
against it. JD Vance tweeted out a
message of support. I wanted to talk to
you about. Look, I'm seeing this from
the inside and I am admittedly biased
toward our president and my friend, but
there's a lot of crazy stuff on social
media. So, I wanted to address some
things directly on the Iran issue.
First, POTUS has been amazingly
consistent over 10 years that Iran
cannot have a nuclear program over the
last few months. Nuclear weapon
technically nuclear weapon. Over the
last few months, he encouraged his
foreign policy team to reach a deal with
the Iranians to accomplish this goal.
And he said repeatedly that this will
happen on one of two ways, the easy way
or the other way. Second, I've seen a
lot of confusion over the issue of
civilian nuclear power and uranium
enrichment. These are distinct issues.
They've been found in violation of their
non-prololiferation obligations by the
International Atomic Energy Agency,
which is hardly a right-wing
organization. It's one thing to want
civilian nuclear energy. It's another
thing to man sophisticated enrichment
capacity, and it's still another to go
cling to enrichment while simultaneously
violating basic non-prololiferation
obligations and enriching right to the
point of weapons grade uranium. He may
decide he needs to take further action
to end Iranian enrichment. That decision
ultimately belongs to the president. And
of course, people are right to be
worried about foreign entanglement after
the last 25 years of idiotic foreign
policy.
Dave Smith has thrown Trump out. He
regrets um endorsing him, says he
shouldn't be impeached. Candace Owens
and Ian Carol did a live earlier today
uh criticizing Trump for making this
move and calling him a Zionist and
falling under to those falling prey to
Israel yet again. What do you say about
this war? Do you think the US should
join it? I can give you principles for
dealing with a chaotic world order. Uh
but we don't have the information inside
to know if if I had all the information,
would I do what Trump is doing or not?
Um, so I will say this. When you have a
theocracy who believes that God has told
them to kill Israelis, wipe them off the
map, to kill Americans, uh, to kill the
British. Those are the three that I've
heard uh, directly. Obviously
translated, so I guess it's entirely
possible that I'm being bamboozled, but
I hear that from like all the
translations I've ever seen. No, it's
death to America, deaf to Israel, to UK.
So, uh, that I don't want those people
to have nuclear weapons. Full stop.
Period. End of story. And it definitely
seems in our best interest to make that
stop. Um, given that Trump, and again,
you're taking someone's word for it. But
given that he has tried and tried and
tried to broker a deal, uh, and
legitimately seems willing to talk to
anybody, which is one thing that I
appreciate about his foreign policy, but
they didn't bite. And so if you remember
way back, I think before Trump took
office, I said, "Oh god, the way the
thing that makes me nervous about the
way that he talks is eventually
someone's going to call his bluff." And
if it is a bluff, then this whole house
of cards falls down, which means he's
going to have to back it up. And I will
say Trump, as far as I can tell, Trump
doesn't really bluff. He just goes,
"This is how I'm going to play it." And
suicide mission or not, he's going to do
it for a little while so that you
understand, no, no, no, he's serious
about that. Now, he might back off very
quickly when he sees that something is a
bad idea, but he's going to punch you in
the mouth. Again, whether it's a
terrible [ __ ] idea or not, he's going
to throw that punch. And so, I look at
this and I'm like,
everything that I know about Trump says,
"Hey, I tried to broker a deal. You said
no. You're getting punched." Now, maybe
he goes all the way to Bunker Buster and
destroys their um Ford facility. Maybe
he doesn't. But uh I would be utterly
shocked if he didn't throw some punches
before he steps back to the negotiating
table. That would utterly shock me. So
again, do I think that we should be in
this? Anybody that's saying death to
America and is trying to become nuclear
armed? Yes, you you have to do
something. Uh would it be a thousand
different brands of moronic if we get
sucked into another
Iraq? Yes, for sure. So, it'll be
it will be interesting to see what other
information comes out, but with the
information that I have, I would say
dropping um bunker busters on for I can
get behind. Yeah. Getting involved in a
long-term skirmish between Israel and
Iran, not so much. Yeah. Copy. And it's
it's weird because for me, you know, the
American taxpaying citizen who goes to
church and has a daughter, I'm looking
at this, no more wars. We need to be
America first. we need to leave it
alone. But then like the opportunist in
me, the entrepreneur in me is like I
mean one bomb and you could kill that.
Like you got to take that shot, right?
You could just put it to bed tomorrow.
You never have to worry about this
again. Trump will literally sleep
peacefully if he can get that facility
off the map. Why wouldn't you take it?
Like you have every green light. The
international community is basically
pointing at it like, "Go ahead, bro.
Just do it. We get it. We understand."
Israel's boots on the ground and they
already are lighting uh tron up.
Israel is is on the offensive. It's not
like this is a last ditch effort or
anything like that. It seems like the
right move to do. But I don't know. Just
in general though, cuz I I'm going to be
honest. I've been watching bombs for the
last like 24 hours trying to play
catch-up. How do you think people should
level set about this moment? Like is
there a historical perspective? Like
what does this actually mean? Should we
start being worried? Should I buy a
bunch of water jugs? Like how are you
processing in the US? In the US, I have
such catastrophic concerns uh for
totally different reasons. So, watch my
upcoming deep dive where I go into uh
the all the political violence that we
see. As of today, I don't see a way to
avert civil war. Um I'll I give a plan
that uh is very much stolen from Ray
Dallio, but I don't think we're going to
take it. So,
um, I think that we've got our own woes
coming in big ways. I don't think it's
going to be from this. Uh, I think you
showed me a video that's interesting. I
mean, this is like full tin hat, but
Anonymous posted a video yesterday, I
believe, as of the time of this
recording anyway, uh, saying that in 16
days, uh, that there's going to be a
false flag attack on American soil. We
have acquired verified information that
a major attack is being planned on
domestic soil. It will be brutal. It
will be visible. And it will be blamed
on a foreign faction, one from the
Middle East. But that is a lie. The
operation is a false flag orchestrated
not by a foreign enemy, but by an elite
shadow alliance within a nation that
poses as our greatest ally, but instead
is a hypermilitarized power with deep
influence through sexual blackmail in
our intelligence, government, and media
sectors. The goal to drag us into their
war under the guise of retaliation. But
the real motive isn't justice. It's
control, resources, and power. They
don't say it, but it seems obvious that
they're talking about a false flag uh on
American soil. Um that will be blamed on
Iran, but very much according to them
won't actually have been Iran. Uh and
that it will be done so that we can put
our full might behind the Israel Iranian
conflict. My view on history is that
governments really do work at cross
purposes with their people a lot and
this kind of thing uh I can certainly
see. I have no reason to believe that
this is real. I know nothing about this.
Like I said, this is full tinfoil hat
conspiracy stuff right now. But what
freaks me out is how predictable all of
these things are given the forces of uh
wars are just so economically amazing.
Are wars good for us? They're good in
some ways because one, okay, here I am
worried about civil war. If you can
rally the country around something like
a new 9/11 where it's like, yo, we just
got attacked by Iran. Like, we got to be
focused on that. Like, we've got to stop
bickering. Uh so those kinds of things
do work for sure. Uh wars like that are
extremely
uh good for the economy, but in weird
ways that end up in the long run being
wildly destructive. And so if we go to
war, it will be money printing
literally right up until we implode. So
um it would be catastrophic. It would be
a mistake of the highest order from a
financial standpoint. And I'll just tell
you that right now. And so people
worrying about the rich getting richer
and the poor getting poor. Like you've
got to avoid it. You've got to avoid
Hold on. Can we like even afford this?
Cuz it it seems that I thought war would
lead to profit or lead to maybe we'll
steal some oil or something. But it just
seems like all this is is going to cost
us bodies, debt, and our national
future. Maybe we avoid a civil war. But
you can afford anything when the reserve
currency is your money for a while. And
what we we will if Trump decides that we
are getting in this war, we will fund it
literally forever. And much like
countries go, uh, well, we can't have a
election now, Drew. Uh, we've got
somebody in office. Uh, we're we're in
the middle of a war. You will get a very
similar reaction financially. Well, we
can't stop spending now, Drew. Like,
we're in the middle of a war. And so
people will if they can be made to
believe in the enemy then there there is
virtually no stopping the print bus. The
problem is that you are devaluing
everybody's holdings with every dollar
that you spend. So it will accelerate
the um political violence internally.
And the one thing I will say is I don't
think people are running the proper
calculus on the era that we're living in
from an information standpoint. You just
can't stop people from um complaining,
calling it out, saying what it is. So
there's just a a hyper awareness to
things that there didn't used to be. So,
it will be interesting to see what
actually happens because you're gonna
have people like me doing deep dive
after deep dive explaining why this is
financial suicide, how this inevitably
leads to um the end of empire, the loss
of reserve currency status. Uh and that
what ends up happening, it's really
fascinating. The country will turn on
itself. And so you'll print money to a
point where you think, well, we've got
this external enemy. Surely we'll be
focused on them. And you will as long as
there's a perceived like imminent
threat, but the second the imminent
threat goes away, like you you break
apart. And so I mean, this is very
similar to the UK after World War II.
It's like there the pound just kept
declining and declining and declining.
Uh Churchill was voted out of office
almost immediately after the war. So,
the guy literally saves all of Western
Europe and then it's just ousted because
everything changes after the war. Uh, so
I think America is on a one-way path
right now to tearing itself apart in the
next 10 years. Um, that will only
accelerate if we go to war, but there
are certain things that it will feel
like it will postpone it. That's maybe
the wrong way to say it. The right way
to say it is it will give them a license
to print.
And because people are so
incapable of transcending their
emotions,
they'll do it. We'll get right back to
the show, but first, let's talk about
what happens when the Fed makes a move
and your portfolio gets crushed. Most
investing apps are designed to keep you
distracted. They gify your money with
flashy charts and meme stocks.
Meanwhile, real economic forces like
inflation, tariffs, policy shifts are
deciding your actual financial fate.
Alio Capital cuts through all of that.
This is macro investing for people who
want to understand the big picture.
Their Altitude AI identifies shifts in
inflation, interest rates, and global
risk, then adapts your portfolio in real
time. Their macro dashboard shows
exactly how your portfolio is positioned
across inflation, liquidity, growth, and
risk. Download their app in the App
Store or at Google Play or text my name,
Tom, to 511511.
That's a ll iO11511.
Investing involves risks, including a
potential loss of principle. Past
performance does not guarantee results.
See terms and conditions. Tax fees may
apply. This is a paid advertisement for
Alio Capital. And now, let's get back to
the show. That Okay, that just took me
the opposite way. I thought when you
have a war, it's good for the like
economy. When you have a war, it's good
for
uh it's Oh god. Okay, so I asked
it is it is on the surface good for the
economy because it gives you a reason to
print money and so you're pumping money
into the system. When you pump money
into the system, you're driving asset
prices up. So people that hold assets
are going to be like, "This is the
greatest time ever." Given that that's
the elites, given that the elites are
the ones that have the influence in
Washington DC, uh that for a large part,
they control politics. You'll get a
groundup revolt every now and then,
which is what we saw with Trump. But uh
for the most part, it's the wealthy
elites that control narratives and
control politics and on and on because
everybody's going to do whatever they
need to do to get money. Uh so from that
perspective once you understand that war
gives you the ability to steal from
everybody through inflation. So
literally poor, middle class, wealthy,
everybody gets stolen from but only
asset holders get enriched. And then
like an even more narrow band of people
really get to take advantage of it
because they get money before the
inflation actually makes its way out
into the economy. So imagine if I were
going to print a trillion dollars. Uh
the trillion dollars might take six
months a year to be felt in prices.
Well, if you're one of the companies
that gets advantage because you're
Loheed Martin or whatever, and you get
these huge contracts, uh you've got a
year where you just got, you know, let's
say $200 million, $500 million,
whatever, and you got a year to [ __ ]
spend it before prices go up.
So, um I'm oversimplifying it, but boy
oh boy is that exactly how it works. And
then on the other side, one more
followup. Um I remember it was in World
War II, like we printed money and made
war bonds and that was the way that we
like financed it like could something
like that happen? Of course. So, uh
here's how it works. So, right now the
bond market JP No, not JP Morgan. The
guy that works uh what's his name?
Chase, Jamie Diamond. Jamie Diamond.
Thank you. Uh Jamie Diamond came out
recently and said the bond market's
gonna crack. God, Drew, you're really
making me I'm convincing myself over
here that there really is going to be a
false flag to get us into the war. It
would be so [ __ ] convenient. Okay, so
Jamie Diamond comes on and he says,
"Listen, the bond market's going to
crack." What does that mean? It means
that the the reason they call the Fed
the buyer of last resort is because it's
inflationary if they buy the debt, but
it's not inflationary if all of us that
have money go buy the debt. So, uh when
your average um school teacher is like
feeling patriotic and they're like,
"Well, I'm not going to go fight, but
I'll buy war bonds." Then you get their
money, their post tax dollars, Drew. Uh
you get to suck them back into the
government. Oh god, it's so evil. Uh so
you get people buying the bonds and you
don't have to print. And so
you'll first gobble up all of that and
then you'll just keep spending how
literally however much they want. And
let's say that we've got, you know,
three, four trillion, five trillion in
debt because it's a wartime economy. uh
you just print whatever you're not able
to get from the buying public. And so if
it's it is almost certainly true that
the bond market is going to crack
because people like me who traditionally
buy a lot of bonds are sitting back
going our inflation is getting so
unhinged our our money printing our debt
is getting so unhinged that uh it will
break like mathematically it breaks I
just don't know if it breaks in two
months two years it's not going to be
more than 10 years like ma
mathematically it's just it's not
possible So, uh, but
I'm gonna back off. Then a bunch of
other people are going to back off and
then all of a sudden you've got the Fed
buying all of your debt. And so, um, if
we're in that position already and Jamie
Diamond is warning about it now, there
going to be people eyeing that going,
"Oo, people are not going to let us
print. People are going to squawk.
They're going to tell the government no
more spending. This is like Doge was
reviled now, but you start getting
stupid with it and people are really
going to say something. And so, um,
again, this is just conjecture. This is
pure conspiracy. But, um, I see the
forces at work that would cause somebody
to be like, h, we're going to need to
give people an enemy. Drew, I don't know
if people like take a um the most evil
like
central banker mustache twirling. You
say I thought you could say Hitler most
evil genocider, the most evil federal
because those guys that's different in a
monopoly guy. Looking looking at Hitler
is a totally different bag and very
fascinating. But I'm saying like
somebody who you imagine they're a comic
book villain because they just want to
um they want to be in control
politically. They want to um kill the
enemy so they can take their oil. I mean
just like that the real like the way
that people imagined Dick Cheney
like just that evil like Hallebertton of
it all. Yeah,
I don't think it's I doubt that it's
actually pure evil. It's something more
like um my life is good right now. I
don't want this to stop. I'm so inside
my bubble that I don't I mean I sort of
know that the things that I do are going
to like really negatively impact a lot
of other people. But it's like um one
death is a tragedy, a million deaths is
a statistic. So it just becomes so big
that you just think hm like my life is
dope for my life to continue. Uh I see
this path it's money printing. I
understand how this works. we can
maintain political control. And I just
have this vague sense that I'm morally
right anyway. So, I need to maintain
control to make sure we're doing the
right thing and I'm not really thinking
about all the people that are going to
be negatively affected. I just think
about the fact that this is going to let
me maintain my lifestyle. I I really
think it's something more like that.
It's like the benality of evil becomes
the real answer.
And do you think that is that a human
nature problem? Yes. Ah, so even before
it was kings and emperors and now it's
federal bankers.
Yes, it is. This seems specific to me
that if I have to kill you, if the you
live by the sword, you die by the sword.
Those rules are a bit simpler. I
understand them. Maybe just inflation is
too complicated. I'm losing I'm getting
caught like lost in the translation. But
this does seem intentional that you can
mathematically calculate it. You can
like we're dealing with numbers. We're
dealing with like money. We're not just
dealing with arbitrary egos or pride or
like me and how my sword swings. Like
it's I've been playing a lot of like
Assassin's Creed so I'm in samurai mode.
Yeah. But it's just one of those things
of like you're actively stealing from
the generation. Like Jerome Pal, you
have a granddaughter. Like you don't
ever think like, hey, I should lower the
rate cuz Drew, I really believe that the
vast majority of humanity
believes they're right. They they don't
even know how to question it. They just
feel right. And so, okay, I feel right.
They are unable to get themselves to
change direction when they've never
lived through it before.
So, they've never lived through a
country going broke before. So, they're
freaked. They they don't even know to be
afraid of that. Like, they hear about it
on paper, but they've never lived
through it. Um, I think about this a
lot. This is why I still live in
California because I keep thinking I'm
not really like going to try to secede
and like become proper communists,
right? Because I've never gone through
it before. If I'd been through this
before, because the math says get the
[ __ ] out. But I I just can't bring
myself. It's so disruptive. The thought
of having to convince all of you guys to
move with me or god forbid if you guys
decided you didn't want to, I'd have to
rehire. Oh god, my wife does not want to
leave. Jesus, that would be a nightmare.
My wife actually has friends. They're
all located here. If I have an internet
connection, I'm fine. Uh, but my wife
has like real friends. And so you you
get caught up in the daytoday of it all.
And I really think that spiral of I
trust myself. This feels right. I've
never lived through this before, so I
can't make the leap from I get it
intellectually on paper, but in reality,
I think I can make this continue
forever.
Period. If you want to go somewhere
else, we can. But I'll say one last
thing. I won't rat this person out
because I like them a lot. But a very
famous social influencer during uh like
the 2020 to 2023 period actually said
when talking about the economy,
maybe this time it really is different.
Maybe the world is so interconnected
that we could never have a recession
again. And I remember thinking, uhoh,
the second you say that, the second you
allow yourself to believe that, like you
are [ __ ] Yeah. But
we just we are so bad at translating
like the the
jarring
gong of reality
that will slap us in the face. We we
find it impossible to see it on paper
and act as if we've already been hit
with it. Yeah, that's it. That's a
facto. Um, moving on to Russia.
I feel like one thing we haven't talked
about in this discussion is kind of like
the proxy war element of it all. Um, I
can honestly think that for us it's in
the US's best interest for Israel to
take out Iran. Maybe it's in China's
best interest or Russia's best interest
to maybe have Iran be a prominent figure
in the Middle East, but we can kind of
see why we would support Israel and kind
of where that through line is. Do you
see a reason why Iran even there's
reports that they're giving peace talks?
Do you see anything on Iran's side of
who's giving peace talks? Like they even
asked for like a ceasefire that were
seeking a ceasefire. Seen a tweet that
Iran was after this weekend. It's
interesting, man. I I have no
information that the general public
doesn't have. My immediate assumption is
yeah, if I'm getting bombed, I'm gonna
say uh let's go back to the tables
because you know you can draw it out.
Like I listen, you want a secret? God,
this is one of those I probably should
just keep to myself. Uh but I think to
myself routinely, I can talk my way out
of anything. And so I want to put myself
in a position where I've got an
opportunity to like go down the road to
see if this is going to be advantageous.
And as long, and this is why I tell
people with contracts, the thing I care
about is what is my out? Mhm. If I have
a good out, bro, I'll go way down a
negotiation to find out like, is there
really something here? And I'll just
keep going, keep going, keep going, keep
going as if I'm like totally committed
because I'm like right when I have to
sign on the dotted line, if I don't have
a good out, then I can unwind it. But to
not at least, I mean, if I'm getting
bombed to not at least like go down that
path and be like, "Bro, let's talk."
That buys me time. Like first of all, if
I actually am close to a nuclear weapon,
I want to buy as much time as I can
because it is a totally different game
if I know that I'm legitimately a week
or a month away from a nuclear bomb.
I've got to get you to stop. I've got to
say whatever I need to say to get you to
not bomb Fort. So, they would almost be
dumb not to at least try to play that
card. Very good point. Very good point.
We'll get back to the show in a moment,
but first, let's talk about the
discipline hack that most people miss.
Discipline does not stop at the gym or
the boardroom. It continues right into
your kitchen. For years, Lisa and I have
been ButcherBox subscribers because we
refuse to compromise on what we put in
our bodies. We get high quality cuts
with zero decision fatigue from
ButcherBox. We're talking 100% grass-fed
beef that melts in your mouth, wild
caught salmon packed with nutrients, and
freerange chicken that's never touched
antibiotics or hormones. No more
compromising on quality. No more
lastminute grocery runs where you end up
grabbing whatever is convenient. Just
open your freezer and you're seconds
away from fuel that matches your
standards. New users who sign up for
Butcher Box get your choice of steak
tips, salmon, or chicken breast in every
box for an entire year, plus $20 off
your first box. Just go to
butcherbox.com/impact
and use code impact at checkout. Now,
let's get back to the show. Continuing
into Russia, Ian Bremer tweeted over the
weekend that Russia is now targeting
Ukrainian civilians. This was their
deadliest strike of this second
iteration of the war over the weekend.
15 people dead, including one American.
Drones still flying, missiles still
dropping in Russia as they're also
dropping in the Middle East. Um I
remember we talked about Andrew and um
all the American uh weapon manufacturers
and how like drone warfare is going to
take over. We have to be prepared. And
then over this weekend I was just seeing
hundreds of drones just back feels like
in the last like 3 months like
immediately it became like everybody has
guns to now everybody has drones and it
just that that switch flipped and even
with um Israel's attack they used AI to
even like you to get the drones into
Iran space and then to then execute the
attack. like this is no longer the
future of this is what war is now. It's
crazy. War and pornography, those are
the things that advance technology. It's
uh it's bananas, but it's true. What
we're living through right now is really
weird for me. And I cannot pinpoint if
this is
90% that we just have cameras everywhere
now. Mhm. And so now all of a sudden I
can watch uh missiles
landing in Tel Aviv. Uh I can watch a
drone detonate in the side of an
apartment complex. Uh and it's just it's
always been like this. We just now film
everything or if right now is uniquely
dangerous. It feels uniquely dangerous.
And I feel like I'm talking myself off a
ledge by being like, "No, it's just so
we have cameras everywhere. Um, I would
say the cameras add to the uniquely
dangerous element of it because I feel
like if you see a bunch of images, it's
easy to then be radicalized one way or
another or to cement your, you know, for
all we know
Iran is in a crazy algorithmic loop and
they just be getting fed all this Israel
is screwing the world over now. They're
mad. U, I'm being tongue and cheek here,
but I doubt I doubt that's the beef.
Yeah, I'm being good, but we didn't like
that post you did. There's definitely
people who have who are commenting right
now who are in their own echo chambers
and are saying, "See, because of these
three videos that I've watched, this is
why Russia's a bad guy. This place is a
bad guy, a bad guy here." So, yeah, I
will say that uh there's no doubt you
and I will unintentionally spread
incorrect information from time to time.
There's no doubt about that. Uh not
letting us off the hook. We certainly
will never do it intentionally, but I
find myself having to research
everything. When I see something like we
both saw the video of the supposed uh
Iranian petting the um small nuclear
bomb, I was just like, there's no way
this is real. And so it took you a bunch
of time, but you finally tracked it down
to the original video that it was in and
it just gets reposted around. or people
will post a real video, but if it were
filmed today, it would mean something
dramatically different than if it were
filmed, like in the case of one that I
was looking at earlier that was filmed
two years ago. And so, it's like, oh my
god, there's just it is really hard to
parse out what is true. Now, I know when
I say that, people are going to be like,
"See, this is why we need like a
ministry of truth." And I'm like, "Have
you do you [ __ ] not read like
1984?" But anyway, people clamor for
that [ __ ] It's going to be hard though.
It's going to be hard. And I would
officially as a PSA like to ask the
technology companies out there, would
you please, for the love of God,
integrate blockchain or something so
that I can know beyond a shadow of a
doubt where a video comes from. That
would be amazing. Uh I think we're not
only are we going to need that, it that
is going to happen. There's just no way.
There's so much [ __ ] All right,
here it is. Here is our supposed Iran.
This is so ridiculous. So then this was
the repost of it. This is what an
Iranian news uh media outlet did. This
is kind of their Alrazer or something
like that. They retweeted this and then
Israel's initial one which course who
was the first person to post that video.
Israel, right? Israel posted that. That
was in like some longer video. There we
go. Yes, here it is. And there's they
were using it as a warning.
Can we just say Israel? That is the most
ridiculous thing I've ever seen in my
life. Nobody pets their nuclear bomb.
The second I saw I was like, I'm being
trolled right now. But yeah, I like you
said, I seen the Iranian version first
and it said maybe. So I'm like, oh snap.
It this is about to be there's no way
that Iran is posting somebody petting a
nuclear weapon and it says maybe. Maybe.
You never know. I was like, there's no
way these guys do not have that kind of
humor. Plus, like if you say maybe to
something like that, everyone goes, "Get
the [ __ ] out of here." You don't have
that. That Yeah, that one's absurd. But
there's so much stuff. I showed Lisa a
video of a giraffe with a fanny pack on
boarding an airplane on its own
valition, and she thought it was real.
Now, in her defense, she couldn't tell
that it was an airplane. and it just
looked like it was going through like
some sort of metal gateway. And I was in
hysterics. I'm like, "It has a fanny
pack on." She was like, "Oh, okay.
You're right. It does." But it's like
when you're just sort of glancing at
something, when you're scrolling,
the one that got me, and I I remind
myself of this all the time was the
tents on the buses. Oh. And I was like,
"Wait." I was like, "The wind surely
would not." And I was like, "Hold on.
This has got to be AI." But for a
second, I really believed it. Like my
mental model was like, "Oh, damn." like
homeless going hard. Uh AI is going to
get us all, Drew. Sheesh. Well, if AI is
not going to get us, it's going to be
the FBI because the FBI and the IRS has
joined forces to find and hold
accountable the individuals funding the
LA riots. Hello, I'm Billis, United
States Attorney for the Central District
of California. And I'm Akquil Davis, the
assistant director in charge of the
FBI's Los Angeles field office. And I'm
Tyler Hatcher, the special agent in
charge of IRS criminal investigation
here in Los Angeles. The right to
assemble and protest peacefully is
protected by law. Unfortunately, we have
seen individuals whose intentions are to
cause damage and to assault law
enforcement. For example, last week we
arrested an individual who is charged
with conspiracy to commit and aiding in
abetting civil disorders. These violent
agitators put peaceful demonstrators at
risk. The FBI and our federal partners
will continue to investigate individuals
and organizations who are knowingly
funding and committing acts of violence
against law enforcement as well as the
destruction of property. We are
currently tracing money to determine who
is providing funding for these riots.
Funding crime doesn't just affect the
criminals. It also disrupts entire
communities. Each dollar funneled into
illegal operations fuels violence,
undermines law and order, and
perpetuates fear. Make no mistake, we
will identify and disrupt financial
networks supporting these criminal
activities. Think before you act. The
legal consequences for financing or
aiding in abetting these crimes are
harsh. They include imprisonment and
fines.
If you have any information regarding
individuals and organizations providing
financial support,
there's a lot of levels to address this
video on Drew. Uh okay. Uh, while I
really want to start with the guy in the
middle's neck routine, uh, because he
better be a wrestler or a boxer or
something, Drew. Uh, okay. So, the LA
riots as teased out from the protests.
Uh, I think that that's an important
thing to break apart. America is tearing
itself apart. That that is just facts.
Like when I was writing the deep dive
and you start listing out all the things
that have happened just in the last 5
years, it it's absurd. You It sounds
like you're talking about a third world
country. It's crazy. Political
assassinations.
Uh that's the one that always like gets
me. But like riot on the capital, uh
political assassinations, attempted
assassination of the president, people
openly calling for the assassination of
Trump. Like literally on their ex
account, like not trying to hide. Um the
riots, the protest, the Tesla dealers.
Jesus, man. I didn't even include that
one. Uh, so when I was watching the LA
riots, I was just like, man, we've
really gone mad. If you actually want to
affect change, you've got to do it
peacefully. I mean, that's just like the
the history books say. So, when I see
the violence, this is people who are so
in their fields
or they're being orchestrated, and I
don't know which is worth. They're both
[ __ ] horrific in terms of their
outcomes, but you've got people
orchestrating the people who feel some
kind of way emotionally is probably the
chain of events. And so it's like you're
going to have to track that down. Okay?
You have to put a stop to that.
Otherwise, it's just going to escalate,
escalate, escalate. People will do as
much as they can, just like a kid.
They're going to test the boundaries,
and if they get away with riots at that
level, then they're going to push and
push and push. Uh, and that's how you
get domestic terrorism. Okay. Uh the
next layer is we are militarizing our
police force. Like we're sending Marines
in and and I think rightly so, but this
is horrible. This is the wrong
direction. The thing I think for myself
is listen, I have wild biases. I have um
a value system that tells me things
ought to be this way, that way,
whatever. But when I look at the future
that I want, I force myself to find my
way to the middle. And what I mean by
that is not that I'm changing my
beliefs. I force myself to say, I'm not
right. These my values aren't right. My
values are just mine. And so I've got to
understand that there are other people
and they feel different. And I might
look at them and have the impulse to
laugh and be like, "These people are
literal clowns. What the fuck?" Uh, but
that's not going to get us where I want
to go. And so, just as I would hope they
would extend an olive branch to me
rather than yelling and screaming at me
because they don't like the things that
I believe, I need to do the same for
them. And
both sides seem desperate to lock the
other side up. And there's something
you can't let crimes go unpoliced. I get
it. But you've got to have shock
absorbers. You've got to when you're
dealing with um political actors, for
instance, you you've just got to give
them an additional layer of like, okay,
fine. Like I'm going to put up with a
bit more from you than I might put up
with from somebody else because like I
don't want to find myself gleeful that I
get to arrest my opponents. Like if you
can't see that flips on you the second
you're not in power, they will do the
same to you. And then it's like
this the people that are in this
country, Drew, are the people that are
going to be in the country in the
future? Mhm. So if right now you think
these are all [ __ ] idiots,
what are you saying? like for the next
60 years that you're going to hate a
huge swath of the country. Like that
that's full [ __ ] You've got to find a
way. I mean, this is like I'm speaking
to a Christian here. This is like some
straight up Jesus [ __ ] It's like turn
the other cheek, extend an olive branch.
Like you've got to find a way to bring
people together. You've got to find a
way to pull yourself to the middle.
You've got to find a way to have
compassion for other people that do not
see the world the way that you see the
world. Like if people cannot see that
the polarization is yanking us apart
like faster and faster every day, that
just freaks me out. And because I'm so
hyper aware of the economic forces that
push us in this direction and the odds
of those letting up anytime soon are
basically zero, uh if we want to get on
the other side of this without a whole
lot of bloodshed, we've got to find a
way to instead of being like, uh, we're
going to militarize everything. We're
gonna find you. we're going to hunt you
down.
You can't let people get away with
stuff. You have to put borders. But
like, do you have to make this video
where you get the three guys to stand
like this and you tell them to put your
hands in the exact same thing? It's
like, I get it, man, but they're trying
to like send a message. They they don't
have somebody that's like um I mean I
hate to beat this [ __ ] drum, but
Nelson Mandela was like the right guy
for the time and to come out and be
talking about unity. And listen, I don't
know how much of it is propaganda. I get
that. But the movie Invictus about him
going to the rugby team and being like
basically I need you guys to win because
we need something that unifies the
country. It's like give me some of that
[ __ ] You know what I mean? Like
if we're not going to get it from our
leaders, it's got to come from each of
us.
So here it is to people that do not
think the way that I think word. I love
it. In fact, one of the things that I
love about you and I is we don't see
everything the same. Uh but I have
tremendous respect for you. I'm glad
that I get to be made sharper because
you disagree with a lot of the things
that I think. Absolutely. Um, so anyway,
man, I really hope people can see even
if it's not a game being orchestrated by
some comic book villain just off camera,
we are being pulled apart. And it just
takes each of us to try to force
ourselves back to the middle. Um, to
understand not everybody's going to see
things the way that we see things, to
always fight ethically because listen, I
want to convince people. I want to
convince people my way is right cuz I
believe my way is right. I just have a
healthy distrust for myself enough that
I'm like I'm not going to browbeat
people into my position. We'll get back
to the show in a second, but first let's
talk about what's happening out there.
Business is chaos right now. Trade wars,
supply chain disasters, cash flow
problems. If you can't adapt fast, you
are finished. Complete visibility into
everything is your key to survival. And
that's exactly what Netswuite by Oracle
delivers. And it's why over 41,000
businesses depend on it. Netswuite is
the number one cloud ERP because it
brings everything together in one place.
Your accounting, your finances, your
inventory, your HR, all of it connected.
The AI in Netswuite handles all the
repetitive tasks automatically so your
team can focus on what actually moves
the needle. Netswuite shows you exactly
what's stuck, what it's costing you, and
how to fix it fast. If your revenue is
at least seven figures, download the
free ebook, Navigating Global Trade,
three insights for leaders at
netswuite.com/theory.
Again, that's netswuite.com/theory.
And now, let's get back to the show.
Happy. That was well said. Um, and I
have a story for you over the weekend
that you would love. Um, I brought up a
eat the babies reference. Um, my nephew,
he's 25. He just turned 25. Um, we were
walking downtown San Francisco, kind of
seeing the remnants of the protest.
Super chill. I I didn't see a rock. I
didn't like nothing. We were um on our
way to get food. Everybody else was in
the hotel. The uh we they got married at
like the iconic city hall. Long story
short, we were downtown San Fran the
whole weekend. As we were walking past,
he was like, "You know what, Drew? If we
just took out like five people, we'll be
fine." I was like, "That's that's how it
always starts. You take out five and I
said exactly what you tell me. Then it's
10. Then it's just it's just 13 million
and a half. That's it. after the half
we're done. So, and then he started
laughing like, "Well, yeah, that is
true." I was like, "Yeah, cuz five turns
into 10, turns into 50, turns into 100,
turns So, that's" And he kind of seen I
was like, "Oh, well, yeah, that is a
good point." Well, but still, we need to
You're right. The community is cooked.
We need to go. And we were we were
actively debating ideas cuz he's I'm
never going to get a house. The economy
and he went to school, got a good job.
Like, he checked all the boxes and he
still was priced out and he still And so
talking to him and I kind of broke it
down from that perspective. He was like,
"Oh, okay. All right. So, we need to
kind of switch our our position now.
Maybe we need to do more grassroots and
maybe we need to do some education. And
I was like, I I like that the
conversation shifted from if we killed
this person, we'll be happy to we need
to do these things to build it up. Word.
And I think just like you said, there
there has to come a time where Trump,
AOC, Bernie, the FBI, Steve Bannon, your
favorite podcaster, like there's going
to be a time where us as people have to
say how I treat the person who I live
with, who I live next to, like how I
treat that person is going to matter.
And that needs to get presidents again.
Like we need to start like I wasn't out
there protesting this weekend, but
respect for them that you were out there
for eight hours a day holding a sign on.
Like salute to you. You know what I
mean? And it's as long as you weren't
and even with this video, I'm not mad at
this video. If people are getting
funded, find the money, send the money.
Like, I'm 100% okay with this
investigation. But I also know it's
going to take more than the FBI
threatening us. It's going to take more
than Trump tweets. It's going to take
more than the Democratic nominee of 2028
to just flip a switch and now we're
unity again. It's going to take us
talking to each other, talking to the
people we don't disagree with. And once
we actually start having those
conversations, you realize the three
generation gap we think we really have
is really like, oh, you just think we
shouldn't kill people. Oh, I I don't
think that either. Cool. Now we're you
know what I mean? Like political
conversations can end that fast if you
just talk to people. So, and my my real
hope is and the reason that I let you uh
chain me to my
laptop writing these deep dives. Uh, and
listen, if they work, this was Drew's
idea, man. I put this [ __ ] off forever.
Uh, but the reason that I spend the time
writing them is I really hope that if
people understand the mechanisms by
which this stuff happens, that then it
it's the it's the same impulse that I
have to convince people that they're
having a biological experience, like
even if God made it such that you're
having a biological experience, fine,
but you are having a biological
experience. That helps me a lot. That's
the reason that I was able to be like,
"Oh, I have these really strong
emotions, but I don't have to trust them
or I don't have to invest in them. I
don't have to fan the flames. I can
actually deescalate myself when I think
I'm right when I think I have a reason
to be mad." I'm like, because this all
started with my wife. We would fight on
a Saturday. It was the only day that I
didn't work. And I'd spend all day mad
at her. And I would legitimately be
like, "But I have a right to be mad.
What she did is upsetting in the cold
light of day. She agrees she shouldn't
have done it. It really was upsetting."
And so, of course, I'm going to be
upset. And then I was like, have you
ever once spent hours being mad and then
gone, "Oh, that was a good use of time."
Literally, not once. And so, I was like,
"Oh, wait a second. Then why don't I
break that loop?" And that made me
realize, "Oh, I can't trust my
emotions." Meaning, they don't yield the
outcome, my stated outcome. Like, I want
to have a lovely Saturday with my wife
who I love, who is the most fun person
for me ever to be around. And yet I'm
sacrificing all that time because I get
this momentary emotion that carries me
forward. And so getting people to
understand that um there are mechanisms
to all this that once you understand the
mechanisms you can step outside of it.
But when you don't realize that there
are mechanisms that that the system
billionaires aren't trying to [ __ ] you.
the system creates billionaires because
of the way that money printing and debt
works, how it feeds into asset prices
and blah blah blah. And listen, the
honest answer is while most people are
never going to become billionaires
because that really I mean that's like
you've got to just make one big [ __ ]
concentrated bet either by building a
company or by betting on a company. I
don't advise people to do that because
it's a sure way to go broke. But people
really can get wealthy if they
understand, oh that's how the system
works. Oh, oh, oh, okay, got it. So, the
only way I'm ever going to be able to
afford a house, blah blah blah,
whatever, is I have to find a place to
put my money that outpaces inflation.
Cool. It's not going to be easy. And I
wish you were more upset that this was a
system that you were handed because it's
[ __ ] terrible and it doesn't have to
be this way. Uh, but at least then
they'd be like, "Oh, this is
mechanistic. Got it." But right now,
everybody goes, "Oh, mustache twirling
villain. They're evil." And just like
earlier in the episode, I was like, "Oh
my god, I I can literally talk myself
into seeing that villain." But the
reality is probably more the benality of
evil take where it's just like people
have day-to-day incentives and they just
move that ball a little bit forward and
a little bit forward and a little bit
forward. And um given the incentive
structure, we end up in [ __ ] crazy
moments like we're in now where
everybody's bombing everybody else.
Nobody even really exactly knows why,
but it's all mechanistic. Crazy. We
shall see. We shall see. Um, in crypto
news, the Senate passed the genius
stable coin bill, giving crypto industry
the first major legislative win. This is
the most crypto crazy campaign uh,
Senate that we ever had. I think the
crypto industry pro crypto. Pro crypto.
Yeah. Um, the crypto industry spent 250
million lobbying um, leading up to this
election cycle. So, crypto has been
waiting for this bill. What the Genius
Act does, it establishes the first
federal framework for dollar peg stable
coins, granting sweeping authority to
the Department of Treasury and opening
the doors to banks, fintexs, and
retailers. Um, industry giants like
Amazon and Walmart are reportedly
already moving toward a stable coin
style offering as pay as payment
networks brace for disruption. Uh,
Shopify um tweeted that they're possibly
going to do accept crypto through
Shopify on their online platform. So,
this seems like a win. There's one thing
I do think that's a bit interesting. The
Senate bill gives the power to the
Department of Treasury. The House has a
similar bill. I think it's called the
Stable Act, but theirs is run through
the um the Fed. Uh exactly. So, I wanted
to kind of just tease that out. Like
one, stable coin just as it is right
now, if it goes through the Treasury, if
it's just dollarbacked stable coins, how
do you feel about it? And then part two,
is there any concern with the House kind
of flirting with the Fed in this bill?
Bro, I if you're that okay, I haven't
looked. Maybe I'll love it. However, the
Fed and stable coins to me says CBDC.
Yeah, that's what I was thinking. When I
say when you hear CBDC, think 1984 total
control of your life. You will not if
they don't like the brand of milk you
want to buy, they will stop you from
buying it. Do it. I'm not kidding. That
is not hyperbole. I'm saying it will
give them complete and total control
over your financial life. It it is it is
a disaster of such epic proportions.
People cannot allow that to happen.
CBDC's are death. Avoid at all costs.
So stable coins on the other hand is
brilliant as long as and I have not
looked at this bill so I don't know
maybe it's terrible but a CBDC that is
backed 141 with a dollar. Yay. Uh first
of all it will give a huge um push into
bonds government bonds. Now I'm
conflicted around that. I want the US
government to be stable though. So, hey,
we have the system we have. Given that
we have a terrible [ __ ] system, at
least keep this terrible [ __ ] system
stable because the only thing worse than
a terrible system is an unstable,
terrible system. So, for that reason,
I'll say yay. That's great. Phenomenal.
It helps feed dollar hedgeimonyy around
the world, helps keep us a reserve
currency, which again, in the current
system that we have, if somebody's got
to be the reserve currency, you want it
to be you. So, cool. Uh, it needs to be
one for one. If it's not one for one,
then you get shenanigans. We already
have fractional reserve banking. I do
not Drew, godamn it. I do not want my
money where let's say I left a couple
grand in there because I'm like, ah, you
never know when you might need to
transfer stuff and then overnight that
coin fails and poof, it's just all gone.
Hell no. But if they if they are
regulated to hold one for one, so if I
give you $1,000, you have in your coin,
whatever your coin is, then you have
$1,000 in reserve. So, when I say, "Give
me back my $1,000," then I can get my
$1,000 back no matter what. Then, yay,
I'm here for that. That will be amazing.
And people don't understand how much
easier this is going to be to buy
things. But, by the way, the the
transaction systems that we all use,
that really will be disrupted. So, um
all of these guys are going to become
their own credit cards essentially.
That's exactly where they're going
through because with the crypto
transactions that happened last year, it
overshadowed Visa, Mastercard, all them
together. Finally, you will have
competition and people will stop
charging you obscene interest rates.
Drew, this could really be good for
people because credit card interest
rates are predatory.
Predatory. And so, if you can start
getting that down for people that have
really good credit, I mean, listen,
you're going to pay for it if you've got
bad credit. Uh, but if you've got good
credit, and it's good credit with that,
presumably that's how they'll do it.
Like, hey, you've always paid your bills
at Amazon. And so, at Amazon, you can
get cheap credit. Don't [ __ ] up your
Amazon credit. Uh, but I think that's
going to be good for consumers because
everybody is going to be like, now if
I'm a new startup, I can do things where
I make it cheaper for you to come and
use mycoin and as long as it's one for
one backed, uh, it doesn't matter that
I'm the new guy. And so now somebody
that's struggling because they have a
bad rating with Amazon, they've got a
new opportunity to start fresh here.
Anyway, I'm I'm certainly
prognosticating. I don't know that's how
it's going to be, but um I think this is
really really strong and it helps
diminish the impact of the Fed on you
because there will be somebody who
creates a um non-inflationary
coin. And so I mean this will be
interesting. I'm really um I'm now
reaching out into the ether because I
don't know that the government will
allow this and so there might be
restrictions that stop this from
happening. But this is what makes
Bitcoin so potent is that it's an
uninflatable asset. And so if we had
something similar where it's like oh
damn like you could store your money in
V-Bucks and V-Bucks is uninflatable and
it's backed one for one. Um I just have
to think through given that it's backed
by USD and that's hyperinflatable. What
does that mean? I have to think about
that. Uh but anyway, I think some pretty
unique things will come out of this.
Yeah, I feel like the one for one, they
say it's full reserve backing, monthly
audits, and anti-moneyaundering
compliance. So, they are saying that the
Genius Act is one for one. But again, I
want to be clear that this is the Senate
bill, and it passed 68 to30, which means
some Democrats were even in favor of it.
That there is a House version of it that
again uses the Fed. So, I just want to
make sure that when it actually gets to
the real bill that is implemented to the
American people, we make sure that that
Fed piece doesn't get into it. There is
one interesting thing though with
cryptocurrency. We always think about it
as a store of wealth. I have my Bitcoin.
I hold it for a couple years. It'll be
worth a billion dollars per Bitcoin. But
this might jumpst start the transaction
side of it, the blockchain side of it,
and kind of the other technologies that
people are excited about with crypto.
So, to me, it seems like it's net going
in the right direction, right? There's
no doubt. And shout out to David Saxs,
AI and Cryptozar. Uh listened to him for
a long time on the All-In podcast before
he got involved in politics and
certainly seems to um have his head
screwed on straight when it comes to
innovation. Uh the need to see this
technology move forward to want to make
America the place of innovation. uh and
to trust that if you're not being if
you're not trying to alienate the entire
industry, you can get sensible
regulation in here uh and really get
some incredible
um new things happening in credit in I
hesitate to say money, but like in in
the fintech space and so um I'm very
excited to see what happens. Oh, we got
a new sequel in development. Shout out
to the Goonies indeed. I checked it.
This seems to be real. And Stephen
Spielberg's doing it, too. Nice.
Produced, not directed, but yeah. Oh,
okay. So, I'll be interested to see.
Listen, as somebody who grew up on The
Goonies, I remember seeing The Goonies
in theaters. Uh, I hope they don't mess
it up, but at least it's a sequel and
it's not a reboot. Yeah. The crazy thing
is these are normally terrible. And even
though I know they're normally terrible,
it is fun to sort of have this stirred
back up in the public consciousness to,
you know, be able to fantasize about it
being good for a year or so before you
get smacked in the face with a bad
trailer. Yeah. With with uh something
terrible. But, um, yeah, I'm excited for
this. And while it is a bad sign that
Hollywood can no longer create new
things because I'm old enough to have
this huge treasure trove of things I
would love to see get rebooted. Um this
will be I'm excited for this. We'll see
what happens. Yeah. Apparently Sinners
was the highest grossing original movie
in the last like five years and I want
to say it did like 300 million which I
mean great it was awesome but like
Avatar did a billion original, you know
what I So, you're used to these big
blockbuster starting franchises being
launched and it's we're just not there
anymore. Well, I'll I'll say I take a
slightly more optimistic read on
Sinners. I feel about Sinners the way
that I felt about the Matrix where it
wasn't I mean it was big enough
financially did like 150 mil I want to
say. Um, it was big enough obviously
that it that it had more made. Um, but
wasn't
I don't think it was even in the top
three of that year. Someone will have to
fact check me on that, but I remember
the time being like, okay, okay, like
this was a hit. People were into it, but
it was so culturally important that it
just ended up growing and growing and
growing over time. So, my hope is that
you see movies like that go on to become
a franchise and that the franchise
becomes more important over time. And
because that was a creator-led deal,
it'll be very interesting to see if this
becomes part of the transition because
as AI takes over, the studios aren't
going to have any power. They're going
to basically become real estate
companies. It's a whole another thing.
But um if this works and they I think
get the IP back in like 25 years, you'll
start seeing those time frames shorten
short shorten. Uh and so I think
ultimately given what is happening with
AI, ultimately the creators are just
going to own their stuff outright, plain
and simple, someone will be an
aggregating and maybe it'll just be
YouTube, but someone will aggregate the
stuff or you uh Netflix probably do the
same where creators will just submit and
be like, "Hey, I'm going to put it up.
it's going to be ad revenue sharing or
whatever. Uh, and that means if you're
talented, no longer will this stuff be
stripped away from you. And as a YouTube
creator, I will say that I love that. I,
in fact, I often don't even think about
the fact, dude, I make this show exactly
the way I want to make this show.
Sometimes with total disregard for
whether we're going to get demonetized
or I just don't give a [ __ ] It's like,
I want to make the show I want to make.
Um, and that's a rad feeling given that
the stuff we're doing in gaming, the
stuff we're doing in traditional film is
like, h, you're constantly trying to
convince somebody because it's so
expensive. Yeah, that's a very good
point. Really good point. Um, your
shirt, I can't tell if it's Cowboy Bebop
or Lazareth because I feel like the main
characters both have similar uh
architects. I'm leaning toward Cowboy.
Same guy. Oh, oh, the artist or Yeah.
Yeah. The creator. creator cuz I was
looking I was like wait that's but this
this is so iconically one of them that
uh you're losing a lot of animation. No
Cowboy BBop right there you cuz I was
like I was I was like 90% sure but I was
like wait that did just release is and I
know you talked about you like Lazarus.
I I couldn't get into I do but not
nearly as much as Cowboy Bbop. And
that's the really unfair part. And the
reason that this pains me to say is that
the things you create are always going
to be perceived in terms of what's
happening when you release it. And so
when Cowboy Bebop came out, it was far
more innovative than Lazarth is compared
to today. So like if you look at to be
Hero X, that's innovative. It that is
awesome. Coming out of China,
phenomenal. you know, my like radar is
always set like uh to is China
encroaching, but uh credit where
credit's due. And To Be Hero X is
phenomenal. And watching to be Hero X
back to back with Cowboy Bbop is tough
because sorry with Lazarus is tough
because it's like Lazarus doesn't have
that like visual sense of like breaking
ground.
And so that's tough because he clearly
is one of the great creators of of anime
ever. Um, and there's a quote that
haunts me and that is genius is a young
man's game.
And there's just something about your
youth where you're of the culture.
You're not commenting on it yet. You're
of it. And being of the culture, you're
able to say something that will just
penetrate. like Kurt Cobain was of the
culture and now sort of the iconic
version in the way that people talk
about him is very different than this
was just a guy who's [ __ ] up on drugs,
wildly insecure,
uh sensitive but angry at the same time
and he just captured that 90s moment of
all of that like anxiety before it was
cool channeled into this ragefilled
music. It was like really interesting.
And when you get those sparks of
somebody who's of the culture, they're
always young. This is why they always
die at 27. Like there's just something
about
you're building it from the time you're
like 14. You come into your own at like
19 to 21. You sort of get into the game.
You really pop off at 23 24
and then you burn out. It's so weird.
It's so weird because because they're of
the culture and they don't have the
perspective
and we'll see because I I in terms of
what I will end up producing over the
entire course of my life.
I secretly want to believe that
the thing that certainly makes me
different, unfortunately, I can't say
better, but the thing that makes me
different is I'm so hyper aware of my
self that
the things that I create are
commentaries
on myself, which is interesting. I'm
never lost in it. I'm always commenting
on it. But that means I'm not going to
self-destruct. So this is part of the
reason that at 49 I'm able to keep
building something and um you know be on
however many companies I've started at
this point and still be hungry and still
want to push forward because um I gave
up on being a misunderstood genius a
very long time ago. But it's a
trade-off. the the sort of burn bright
and do something that'll be remembered
in the annals of history. Probably not
my lot. That that really is a young
man's game. I hear you. All right,
that's all I got. There it is. All
right, everybody. If you're not already,
make sure you join us for our lives
Wednesday and Friday at 6 a.m. Pacific.
And until next time, my friends, be
legendary. Take care. Peace. If you like
this conversation, check out this
episode to learn more. LA immigration
riots kicked off and we're going strong
for days. Trump says it would be a good
idea to arrest Newsome. Newsome tells
him to come and do it already. Cash
Patel says there's no videos of
Epstein's victims. pen. Bondi, however,
says there's tens of thousands of