Kind: captions
Language: en
do not hit pause on this one cuz we've
got an action-packed episode for you
today Drew kick us off now so jumping
right into it Stargate which is now
America's AI infrastructure they have
soft Bank financing it Larry Ellison the
CEO of Oracle kind of as an advisor and
then Sam Alman elon's boy so that's
going to be interesting is heading up
the functional and operational aspect of
it they already have a 1 million s foot
data center in Texas that's going up now
um and they already outlined their next
project so what do you say that what do
you think this is going to do for the
future of America's AI I mean this is a
very big move and I think that in terms
of places that you could be making an
investment making it into AI is exactly
the place to do it I didn't know that AI
was this on Trump's radar uh when he was
first talking with masaan of um SoftBank
I didn't realize that this was the plan
I just knew that he was trying to get
masaan to invest 100 billion in US
companies I thought uh and so that he's
targeting AI is really important I mean
look my whole thesis is that AI in the
way that software AE the world AI is
going to eat everything uh including
human Souls much to my dismay and I
think that that really does begin in
2025 but just like I say when it comes
to America First us staying at the top
of the hierarchy is really critical
right now from what I've heard China is
really beginning to pull away on AI they
certainly have us on robotics they have
us on drones I think that's going to
matter a lot militarily uh and then
whoever wins the ASI race uh artificial
super intelligence it you could get into
a fast takeoff scenario where it does
become winner take all now hopefully
that's a low probability but nonetheless
you cannot play around with AI and
everybody had their eye on the prize
which is the infrastructure is going to
be the problem and you see Microsoft
spinning up thre Mile Island I don't
know if that trips people out as much as
it does me they are bringing nuclear
facilities online for private companies
I mean it's just absolute Insanity uh so
very exciting to see the US making these
big Investments and when I think of what
America First means it means being the
strongest economic and military power on
planet Earth and we are not going to get
there without a ton of energy uh without
a ton of cooling which for people that
don't really pay attention to computers
might not think about how important
that's going to be uh and then just the
raw infrastructure of the data centers
the cabling all of that stuff is going
to be really really important and I
think people will really begin to
understand what this is when you realize
that as far as we can tell the only
thing that separates say monkeys from
humans is compute meaning if you stack
enough neurons it really does just keep
getting more and more intelligent so the
size of the data center is the same as
having a bigger and bigger brain and
unlike humans who are limited by a
woman's desire to walk upright that is
not a joke uh the size of our head is
limited by what we can squeeze out the
birth canal and so computers just aren't
going to have that limitation and so as
the data centers continue to get bigger
uh as our supply of energy continues to
grow theoretically there's no known
limit to the level of intelligence that
we can build and that's exactly where I
was going with it we have a million
square foot facility we have a private
nuclear Rea like re nuclear site going
live is this what America needs to be
number one in AI or do you think oh yes
period full stop dude and more and more
and more like this is really
this is really going to be a fascinating
time because you're going to bring
something online that theoretically will
make life a lot better it will extend
all of our abilities um we're we're
going to go through a meaning crisis
there there can be no getting around
that we're going to go through a jobs
crisis and I think there's going to be a
super weird feedback loop between uh as
AI comes online and more and more
companies stop hiring first and then
begin shrinking their workforces using
AI That's going to create this need for
money printing so that we can take care
of people with uh either Ubi or
something like it it's just going to
happen so fast I don't see a way around
printing so you've got AI creating this
short-term need to um print money which
will drive more people into
technology-driven things like Bitcoin as
a flight to uh Financial Security and so
will create a flywheel in the short term
that will be very um what do they call
it creative destruction so it will bring
something better but it is going to be
rough man so I look at this and I'm like
it's the right play and all the while
I'm also holding my breath of like I
don't even know what it means for us so
it's not like oh I look at it and go
well everything's going to be fine for
us I'm like this throws everybody's
Cards into the air but because it is if
you think of it as a weapon which is
unfortunately one of the ways you must
think of it you'll realize you can't
slow down you can't stop uh so yeah we
need more more more more nuclear more
data centers uh more investments into
the US and the fact that Trump is
aggregating international support for
this I think is really really important
and I'll trust you to stop me if this
fractal gets uninteresting but when you
look at Japan they've really stagnated
for a long time and only masaan at soft
bank has been taking these huge swings
he's going for it dude and look he's had
some huge catastrophic misses but he
hits just enough that this guy continues
to be one of the greatest investors of
all time and this like if he's really
planting a flag and saying we Japan who
have real beef with China like there is
crazy historical friction uh we're going
to plant our flag with America that
that's a really good sign especially
when it's 500 billion yeah that's
definitely a win and to your point this
is the runway that we asked for Trump
said he's going to come in and do
something for for AI he took away
regulations he gave us a blank check and
said okay now go so from Sam alman's
perspective at this point it's just a
matter of weeks months before AGI I feel
like I can't figure out what to think
about Sam Alman I don't know if that
he's so quiet and unassuming like is he
an evil geni I literally asked this
earlier you were here when I said it and
uh one of our teammates here was like
yes and I was like uh oh uh he is uh
he's doing crazy moves from taking a
501c3 company and turning it into a
for-profit company is already crazy and
we'll see if that ends up happening but
I think the most interesting thing with
the Sam Altman connection is you've got
Trump now connected to Alman in a huge
way connected to Elon in a huge way but
um Elon and Alman hate each other yeah
and that is going to play out in very
interesting ways but shows me that uh
Trump is doing what he thinks thinks at
a minimum is good for his legacy and as
long as he ties America thriving to his
legacy which does seem like his play uh
we're all going to win and he is so far
and it's so early so you know play this
in six months and it may look ridiculous
but so far really does seem like he's
able to get these guys to um join him
either because he's telling Elon what he
wants to hear about going to Mars or who
knows what he's promising Sam but it is
uh right now I'm seeing very encouraging
signs of somebody who is getting very
disperate people to work together and
that is super encouraging 100% it's
hilarious because last week we showed
the Will Smith video of spaghetti 12
months ago spaghetti now so now imagine
two years from now with a $500 million a
$500 billion dollar with a B investment
who knows what happens next so yeah also
the models are getting way more
efficient this is where China is really
flexing its muscle is it's showing look
you can train these with a lot less
energy need a lot less compute need by
getting the models way more efficient
and so if you are building these
Gigantor brains and they are
dramatically more efficient now all of a
sudden you know what let's say would
have been a onetoone at the size of um
computer brain that we're building now
could be 100 to one or a thousand to one
and so that's the same as making that
facility a thousand times bigger and so
uh man this is just just going to it's
going to get so interesting but it's
going to move so fast the rate of change
is just going to be blinding it's going
to be blinding and this is going to be
um it's going to be mixed it's going to
be mixed there's no two ways about it
I'm as anxious as I am thrilled yeah I'm
curious to see what happens but Trump
has not been slown down on his first day
he had a slew of executive orders we're
not going to cover all 200 of them but
we'll cover a couple of the top ones
there was some that highlighted Civ
civic pride that's the beautiful
architecture the restoration of Merit he
Ed some Dei programs he had some where
he covered fiscal responsibility for the
Emergency price relief um putting people
over fish flowing the water down in uh
Southern California um with hiring and
Regulatory freezes for the government
until his people are in um and he also
kind of moved first his America First
agenda emergency situation at the
southern border ended Birthright
citizenship 90-day PS on foreign aid and
he did some major energy initiative to
build so we can produce energy locally
as well as withdrawing from the parent
climate agreement the climate agreement
and the World Health Organization he has
been busy so very busy and it's
interesting to see what's going to
happen so um I think it is really
fascinating that Trump had four years on
did not know what he was doing way in
over his head uh loses now comes back
and has had four years to plan to
realize what this game is come back way
stronger and now only has four years to
cement a legacy and you're seeing him
move very fast because he understands
what he can do with the four years but
that they have to be incredibly
organized incredibly focused and to come
in with such a clear mandate from the
people is it's just really created an
interesting Vibe uh that I'm really
excited to see what comes to fruition
but with the executive orders it signals
to people exactly what he's moving
towards and so you alluded to this as
you just went through those um we went
through and we bucketed them into what I
think they should be grouped as
uh people will group these I think in
very different ways um but now let's go
through each of these buckets in the way
that we didn't again go through all of
them but I think he's signaling some
very interesting things um the idea of
civic pride which is the first one which
were the ones that we put into that Bu
The Beautiful architecture the
restoration of Merit Merit that's that's
the big one so I want to combine this
idea of Merit with the notion of we want
to make Civic buildings architecturally
beautiful those two things to me feel
like they belong to the same grouping
because um rather than talking about
Merit based stuff as like this um Exodus
out of uh Dei or we're trying to move
away from the woke M virus uh the reason
I don't like that framing is because I
think people have to understand you want
the tension between the left and the
right I think they are evolutionary um
mandated Necessary Things in humans to
get us to function together as a
cohesive soci
and so you need people that are um no
man Left Behind like we have to be
compassionate towards each other and
this goes back to from an evolutionary
standpoint um you you didn't have
refrigeration so the only way to store
calories that you couldn't eat right in
the moment was to give them to somebody
else and so you're rewarded tremendously
by taking care of the people in the
group because one day it's going to be
you this down you need to be taken care
of so we we have that impulse and
there's been so much focus on the Dei
way that that plays out where it's like
become sort of toxic and no longer
merit-based um but the impulse from an
evolutionary standpoint I think is
really important and if you think about
it manifesting as like the military with
the no man Left Behind like I will go
into enemy fire to try to save somebody
that's been injured um they'll even try
not to leave a dead body behind and that
impulse like if you think about it
manifesting in such an honorable way
like that it will stop people from
wanting people on the right wanting to
throw people out on the left uh so I
think that that's really really
important so instead if people can think
of it as all right Merit and civic pride
those belong together and what they are
is uh Merit matters a lot and the only
way that we're going to get ahead is if
we look at it and say look hard work
works it should be celebrated we should
venerate that and by the way these
institutions which are meant to um help
us all Thrive as one big community if we
take that if we don't let litter be on
the street if we don't let homeless encs
be everywhere and instead say not only
should these buildings be functional but
they should be things they should be
spaces of reverence that they should
have uh a sacred element to them and as
religion has died that sense of the
Sacred has gone with it and if you go to
Washington DC it just feels different
when you're there and you feel very much
like you're in an outdoor U Museum and I
mean Museum in it is a space of
reverence and when you go in and you
read like Lincoln's words in the Lincoln
Memorial first of all that [ __ ] could
write like that [ __ ] just is so
inspiring but it's so Laden with
religious um language and words and
references and so as that has lost its
way so has this sense of making these
hallowed places and this executive order
to me tied to Merit that point set that
impulse and this is the rights way of
saying this is the part that we bring
the um personal responsibility to
venerate hard work and success and I
think just as one should uh really
be embracing how important it is to um
think about the whole group and to not
want to see people struggle and to want
to elevate the whole group you should
also understand the free writer problem
and that you want these hardcore
motherfu ERS and to be like yo they are
the best of us they are the most
accomplished and we want to elevate that
anybody who's striving for that and we
want to acknowledge and recognize when
people achieve something extraordinary
yeah okay because we are about to be
back on a world stage where this stuff
is going to matter and for the last
whatever 70 years it's been in the west
relatively calm I think that period's
over and so if we don't re-embrace all
this stuff we're going to be in trouble
so this is the right asserting that side
should be tens between and right so I
like that and if people those exective
ERS that return to Merit the celebration
of all that the beautification of public
and Civic spaces um I think they'll
they'll be moving in the right direction
I don't want that to be a left right
divide thing I want to see everybody get
behind that be proud to be American
again exactly look everybody should be
proud of their team so if you're from
Yugoslavia I want you to be proud of
being from Yugoslavia if you're from
Japan be proud of that and of course if
you're in a a state that is our enemy I
would still expect you to be proud of
your country so but understanding this
is how we're ultimately going to get the
best out of each other now as always
there is pathology on both sides and so
this can go too far and that's why you
need that balance um but that bucket is
particularly exciting to me I'm way
prone to somebody who grew up in the 80s
and knows what it's like to be super
proud of America and when you hear the
national anthem and you see the flag
waving that [ __ ] is so rad it was so ing
for me to watch The American Flag become
like a thing that people frowned on or
they tear down at least in La if you
hung it outside that was so weird to me
uh just having grown up with you know
the Schwarzenegger era the just like
America is the best I don't know anyway
that makes me sad uh the next bucket
fysical responsibility yeah so this is
where the rubber meets the road so I
love all the Civic stuff yay it's like
it's reverence it's um seeing things
it's sacred it's spiritual this is the
rubber meets the road and at some point
like you got to run a balanced budget
and you have to have a way to actually
fund all the things you want to do and
you can't keep robbing from the future
which is what we're doing right now and
somebody who has kids uh I hope that you
really internalize that uh we can live
well now at their expense but that seems
evil if I may be so bold uh and so
a return to fiscal responsibility and
look I don't know if he's going to be
able to achieve it I expect virtually
all of his executive orders to be fought
against tooth and nail uh so I'm
speaking only to what I think these
signal and what they represent uh and
why I hope people get behind them
because whether you're running a company
whether you're running a household you
need to say this is how much we make
this is how much we can spend and it
forces people to prioritize and I really
believe one of the great derangements of
modern society is an inability to Define
your values and let your values
determine your priorities and when
you're not forced to do things in
priority order you end up with a mess
and so fiscal responsibility is really
about forcing everybody to say we think
this is more important than this other
thing that is also incredibly important
and when I look at entrepreneurs so I
coach entrepreneurs a lot for people
that don't know that about me uh and one
of the things that I find that they're
almost universally terrible at I'm
talking about people with hundreds of
millions of dollars in Revenue annually
and they're still absolutely terrible at
this is
prioritizing um and if you let
everything be important nothing's
important so um and you know I know I
use this example a lot but it's because
both of these things are incredibly
important and so being able to rank
order them is a sign of my value system
uh so America first as staying the
world's greatest economic and Military
superpower that's America first
priority number one America First
Priority number two also very important
and I get why this really matters to
people is just making sure that
Americans are doing well financially um
critically important totally understand
but if I have to bring in some people
from India or China or wherever to make
sure that we stay number one military
number one economic I'm going to do it
because I think that is the thing that
serves the most Americans uh but you
should be able to articulate what it is
you're fighting for all right so that
was bucket two and his executive borders
bucket three uh America first that's the
emergency at the southern border end
Birthright citizenship 90-day PS on
foreign aid energy initiatives
withdrawals from the parent clim the
Paris climate Accords and the World
Health Organization yeah so this one is
probably the one that I'm the most like
okay we're on a slope here and we need
to be very thoughtful there is a reason
that societies fluctuate going back and
forth between
global-minded to isolationist minded and
you're going to see that over and over
and over throughout different countries
different time periods and so we very
much are in a populous moment where uh
we ran the I won't even say the
globalist experiment because I have a
feeling it's always going to work this
way that when everything is stable and
there is a knowable world order within
that sphere of influence you're going to
globalize as much as you can uh and
given that we had this opportunity where
both China and India were on the come up
it was like man going glob was thrilling
because you could get things at way
cheaper prices and I'm talking as a
consumer not just as an entrepreneur
that you were just able to get so many
incredible things for uh really a
fraction of what it would have cost to
do it here in the US however you
strengthen China China was very shrewd
during all of this and they were like
thank you very much for the economic
power now we're an economic power and
we're building all these other alliances
America is making the classic Empire
mistake of you're spread out all over
being the world's policeman you're
spending money left right and Center
you're having to print which every um
Reserve currency ever in all of human
history has done and done to the point
where ultimately they lose that status
it it's just it's so historically
predictable that that you're going to be
in that Loop so um I get the retreat
back to wanting to be protectionist and
take care of yourself and I actually
think it's the right play because you
can't ignore that China's become a
superpower you can't ignore that they
make uh like 70% of the drones that we
use in our own military or made in China
uh so much of our stuff is made in China
or other countries and at a moment where
we begin to re atomize down into our
individual Nations that is a huge point
of weakness that will be leveraged
against us I think would have already
been leveraged against us had china not
hit economic Hard Times uh so let's all
be grateful for that
so I think it's good but it there's
pathology on both sides so if we go too
far isolationist protectionist then it
becomes us against the world and so um I
think Trump given what I see if with
just Elon and Sam mman Trump is more
than happy to go to different parties
who don't like each other but try to
bring them together now look Trump is
bringing them together for the glory of
trump and hopefully America you know
what I mean like I'm not delusional
Trump wants to secure his legacy
but for now his legacy is married to
making America great again so cool as
long as there's no uh friction there yay
um you can always trust people to be
selfish and as long as the most selfish
thing that Trump can do is make America
strong economically and mil militarily
I'm here for it so securing our border I
think is hugely important uh making the
cartels a terrorist group I think is
hugely important at at the headline
reading level I have a feeling that's a
bigger problem than we think it is uh
that may start rearing its ugly head in
the coming years
um native born or native launched is
probably the right way to think about it
native launched Terror attacks I have a
bad feeling uh we're going to see more
of that so all of that stuff feels like
okay while I am yeah a little paranoid I
think it's the right play and so we'll
just see if he tempers it these were the
ones that jumped out to me for that read
because it's a slippery slope between we
have a problem at the border let's
secure it to now we're doing mass
deportations and I know that everybody
should be you have beef with mass
deportations I think there's second
order consequences we're not thinking
about maybe so yes let's get all cost or
are you just worried about uh people get
caught in the net that shouldn't have
been sent back and now their lives are
going to be horrific yeah I'm worried
about the people I think that they're
going to get a [ __ ] end of the deal when
this is all said and done cuz the
deportations is not like I'm taking you
to your house it's like okay line get
out figure it out um but for even some
of the rhetoric that like they're taking
jobs or for looking at how is this going
to affect the agriculture industry how's
this going to affect the construction
industry there certain industry think it
will for real for
real if they're deporting at the numbers
that we're talking about I think that
it's you're not going just be like okay
I just lost 10 workers today I'm cool
like I think there's going to I don't
know man so uh you calling [ __ ] on
that you think
here here's how I think it will work um
when Obama just deported this [ __ ] out
of everybody everybody Millions I didn't
notice you know what I mean like so the
reality is I think that there's a there
is a heartstring pull of like oh I
guarantee some people are going to get
caught up that if you look closely
you're going to be like oh [ __ ] they
sent a family back and they had like a
seven-year-old and they all get murdered
when they go back home there's going to
be like that and it is going to be
grotesque and horrifying and it is going
to really rip at the heart strings but
the reality is you get into this mess
because you don't accept that there is
no Utopia there's only trade-offs and so
there is human tragedy all the time
every day and you have to do things at
the level of policy knowing god there's
going to be horrible things that happen
um and it just there there's no way man
so this is where like Thomas soul and
everything is trade-offs no Solutions
there are only tradeoffs and so you just
can't step back and go we've got a whole
bunch of criminals just to keep it easy
right and we caught them we know they're
here illegally and we know they just did
a horrific criminal offense we know that
they had a horrific criminal pass before
they got here but they're here and so
we're going to let them stay you can't
so you got to deport and here is like I
I believe the number is uh there is one
thing you can do to a family to increase
the likelihood of Violence by 100x I'm
almost certain this is accurate if it's
not if it's not to the number accurate
it is so directionally close it might as
well be do you know what that thing is
no what to have a stepparent really do
step parents beat the [ __ ] out of their
kids this is why uh you've got
Cinderella wicked stepmother like that
whole thing is just H it doesn't mean
that every step parent is bad I'm sure
I'm sure the overwhelming number of them
are amazing but the unfortunate reality
is
that the in homes with stepparents there
is a 100x more a higher chance of abuse
so it's like yo so what I bring that up
to say let's say that you Deport uh a
father who commits a crime was here
illegally and let's really make it
horrible it was like kind of a petty
crime and so but you had a policy and
the policy is like you commit crimes
we're sending you back uh and now that
kid their dad is gone and a new dad
comes into the picture and all of a
sudden they're getting abused there
there will be just an unimaginable
number of stories like that I want to be
very clear I am not saying by default
step parents beat their kids I'm just
saying there is a
statistic uh so there will be story
after story after Story like that but
you you have to have a policy you have
to draw a line in the sand and it it is
going to uh cause some bad things
because it's a trade-off yeah the and
the numbers right now definitely are
sustainable so um we have have to make a
change so we'll we'll see we'll Monitor
and the Obama thing is a good bring up
too cuz people forget that he was the
most deportation happy like yeah and the
economy did Thrive under Obama so maybe
it is a big old nothing Burger um don't
go nothing Burger because there's
emotional realities but yeah yeah from
an economic perspective kpis yes we'll
get back to the show in a moment but
first let's talk about a reality many
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understand the power of social media but
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spend hours cutting up videos when they
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solution is to turn the things you're
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automatically that's why I'm excited
about Opus clip their clip anything AI
tool is changing everything all you have
to do is upload any long form video and
clip anything automatically finds the
best moments and turns them into social
ready Clips our social team at impact
theory is been using it to streamline
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it go to
opus.one this Trump coin oh Jesus Jesus
I Hate meme coins full stop you don't
have a single meme coin no no so really
none zero uh so I have some meme nfts
but no meme coins gotta so here's my
take on Meme coins um God bless you it's
just gambling so you know my whole
thesis I want to be very clear meme
coins are because people want to gamble
and people want to gamble one because I
think humans just like the instant
gratification of a big win so I think
there's a dopamine feedback loop uh
which is why if you if you have um
Parkinson's disease again directionally
this what I'm about to say is all
directionally correct not literally
correct but I believe uh with
Parkinson's uh because it's a dopamine
deficiency when you start taking the
medication people will develop like
gambling addictions and other crazy [ __ ]
but at the same time I think that you
also have the youth that have a lot of
pent up frustration that they've been
Iced Out of the fincial system they
can't afford a house all the things that
their parents told them go get a good
education you're now going to be hugely
in debt go buy a house I can't because
they're way too expensive and I'm hugely
in debt uh and so all the lore that
they've been given is is really just Out
Of Reach and so we're now beginning to
slowly update that that's actually not
going to be the way that this generation
gets wealthy um and on top of that
you're creating this moment where things
are going from analog to digital and so
uh the rate of changes so fast The
Regulators can't keep up with it so you
have the Wall Street Occupy Wall Street
vibe Wall Street bets from Reddit Vibe
uh with a moment in time where they can
create these meme coins and there's so
much lack of clarity around what you can
and can't do and it allows them to just
gamble on culture and so I have a thesis
that the I'm an round it to stock market
but it's it's really the entire
ecosystem of investing mhm if you stop
calling it investing and you start
calling it gambling then you will
understand what it really is but because
it's a System created by incredibly
smart people like really scary Smart
Financial minds and so it's like reading
a legal contract you don't understand it
so as a regulator you're like uh I don't
really know what to do here and so
they've gotten all kinds of [ __ ] pasted
that everybody's just like oh yeah
options trading there's nothing weird
about that dude you're you're just
betting whether a company goes up or
down what's the difference between
betting on a sports team in my opinion
literally nothing except the financial
markets have a dope cover story and the
cover Story Goes Like This by letting
people gamble on these companies you
allow the companies to aggregate capital
and with that aggregate aggregated
Capital they build the um the economic
engine that has made America so great
okay that's amazing man and as long as
every everybody just goes oh cool we let
people gamble on this because we like
the side effect of allowing these
companies to do an IPO uh raise all the
capital and then let people gamble
whether it goes up whether it goes down
and I mean just all kinds of crazy
derivatives and all this like crazy [ __ ]
that I don't understand 90% of it um but
no matter who I talk to no one has
disproven that it's that all just fancy
gambling okay so really smart guys make
this thing up people don't understand it
well enough to say you can't do that
because they just don't understand it
well enough to regulate it appropriately
so then you get uh something like sports
where people get it Ah that's dumb and
there's no cover story it doesn't add up
to anything so we're not going to let
you bet on that so you get this moment
where there's the frustration about the
current system that we have current
system is being used by the elites to um
basically continue to make money while
the average person can't get ahead and
so they create these meme coins and just
YOLO and just gamble
and it is exactly like sports betting so
uh I don't think that in the long run
that people are going to win I think
that they will have fun just like they
will have fun at a casino but on a long
enough timeline they're most people are
going to lose money it is not going to
be the normal person that is going to go
in and you know be betting like even 52
or 55% right and so they're just gon to
miss just enough that they're never able
to get ahead but they had a great time
uh so if the youth want that Financial
system they're going to get it because
the youth will ultimately get the world
that they want but that's why I don't
[ __ ] with it it's just gambling there's
no um additional KnockOn effect of well
at least I can do um
longterm investing because of this
secondary effect if it really does build
a company I want to remind everybody
even though it's really building a
company it still is just gambling like
when you own the stock you're just
gambling that someone down the line will
be willing toay pay more for it than you
so it's just gambling unless it pays
dividends uh I always have to cave out
that and so look this stuff is very
complicated and that's how we get these
Divergent systems and so you're seeing
the fancy version of gambling and you're
seeing the just straightforward meme
coin gambling yeah I resonate with that
though because that's the that's the way
to shoot your shot that's the way to get
big that's the way to get rich I compare
it almost to the wait wait wait wait
wait wait wait that's the way to get
Rich meme coins think about it from a
wild wild west perspective and how some
people used to go out west to kind to
try to find gold or some people used to
try to dig Wells to try to hit oil like
there's that level of uh and what do
people always say about the Gold Rush
who got rich in the gold rush I thought
it was the country dudes with the hat
the Prospectors no none of those all
[ __ ] went broke all of them it's
always in the Pix and shovels always in
the Pix and shovels the only people that
are going to get rich on the meme coins
cuz they'll even say well it's the
people that pump and dump those fools
are going to try to do it over again and
over again they're ultimately going to
lose everything like none of those guys
reti ride off into the sunset and if
they do it will be the smallest number
of people the reality is it's going to
be the exchanges they'll make out like
[ __ ] Bandits because whether you win
or lose doesn't matter so coinbase is
gonna make [ __ ] Bank off of this
stuff um but I
really I just don't see it man the
reason that the stock market has worked
is because you could just put money into
an fund and just say basically I'm just
betting on the US economy cool that that
gives people like you you have to do it
let's be very clear about that uh
because you have to beat inflation but
people are not going some people will
get rich in memec coins but the people
that have really gotten rich in crypto
are bitcoiners probably some ethereum
people the things you can buy and hold
for years and years and years that's
going to be anything it's a long-term
Trend but mem coins are betting on
culture you're literally just saying
like let's take the Trump meme coin meme
coin here's what's going on why does
Trump make such a great meme coin
because culturally nobody has more Focus
than him so you're going to get this
ultra high volatility remember people
want volatility because they're gambling
so they're saying uh if the price
doesn't change what are you betting
against yeah what's the point right the
only thing to bet against is price go up
or Price go down that is the BET and so
if price static no bet so we need
something with a ton of attention so
people are really paying attention to it
so that the price will swing wildly so
literally uh hours before we recorded
this Trump said oh I don't know much
about my meme coins price dropped by 30%
okay now people are GNA squawk and
they're going to freak out but the
reality is people want that volatility
and so people are going to be laughing
saying ahaha I bet against all these
fools that didn't realize the price is
going to go down so I bought the second
I heard about it and when it spiked up
however much it spiked up I got out
immediately because greater fool Theory
okay that's the meme coin game and so
it's going to be all these private
groups where people are talking what do
we think do we think it's going to keep
going up or are we going to get out it
it's just on and on and on and on and on
and so these guys bet on culture it
attracts the same people that poker
attracts and uh in the final analysis
man I'm obvious I'm guessing I'm
guessing but I'm going to guess 5% of
the people make the money
5% 95% are all the greater fools and
they're the exit liquidity as they're
known lovingly referred to as dumb money
so you're saying there's a chance 5%
saying there's a chance I'm saying
there's a chance
Drew hey man I'm just trying to get this
oligarchy money cuz uh Trump had a
trillion dollar inauguration there was
Bezos was in there Zuckerberg was in
there musk was in there David Sachs
didn't even get a picture he was
somewhere in there like with bank yeah
why didn't we see we see in there so um
okay so I strong with this one look at
this image look at this image I admit I
felt some kind of way I was like oh my
uh yeah there's there's a lot of lot of
wealth there uh okay so one people
should be paranoid because oligarchy
simply means that a small number of
people rule over the majority now they
can rule over them because it's a cast
system they can rule over them because
they're in the right religion they can
rule over them because uh they're
wealthy so oligarchy is real money is
extremely powerful and it's very easy to
get people's attention and so this could
of course slide into oligarchy I don't
think we're there yet I think that's
very delusional to say that we are um
but I like that people are paying
attention I like that they're par that
this could become that I think that's
very wise the reason I'm not um even
though it does hit me I would be lying
if I said it didn't uh the reason that
I'm still optimistic is I think there's
two things happening at once that these
guys are there because they're
insanely good at Capital allocation at
building businesses at identifying
trends at being early movers and so um
they get it they know how to play this
game the reason they have the money is
because they're very good operators they
are
incredibly smart and so I want the
smartest people whispering in the
president's ear about how to make the
country great and as long as they all
understand the single most selfish thing
they could do is have a thriving middle
class because ultimately that's who buys
the products and anybody that's paid
attention to world history knows when
inequality gets too much they literally
come and kill the rich they they murder
you yeah okay not not metaphorically
they actually separate your head from
your body so um you're already seeing
people cheer the United Healthcare CEO
getting killed you saw people cheer when
the Pacific Palisades which happens to
be a very expensive neighborhood burned
to the ground uh nobody talked about the
trailer parks that burned because that
doesn't fit the narrative but if people
can see the signs it's like boys and
girls just be selfish yeah just be
selfish and protect your long-term
interest by making sure that we have a
thriving middle class so these guys
everyone in that picture as far as I
know is self-made so we want the most
successful people running businesses to
be talking about how to execute well
what we don't want is them shoveling
money towards all the things that they
care about now anybody that's like it
shouldn't be business owners it should
be politicians I will point you towards
uh what's her name everybody follows her
investing Nancy py thank you uh so it's
like kids it's not like politicians you
don't have to worry about them uh so but
we have to be vigilant because this can
go bad very very fast but for now I
would remain optimistic that um we have
wildly mismanaged the government in that
every 100 days I think it's actually a
little faster now
uh we had a trillion dollars to the Deb
so you you have to do something and with
the looming threat of AI and us going
into a cold war with China you need the
best and the brightest and there is like
something going on with the best and the
brightest now are actually interested in
being in government that is fascinating
yeah um who was saying this that now I
think it was PP Anthony Pompano uh
pointed out that now going in like if
you get on the do committee that that
would be like having a Stanford or a
Harvard MBA where people go oh damn like
okay you must really be bright to have
gotten on that group and now that it's
high status to be in the government more
and more really bright people are going
to want to go to the government and
that's huge that will re ReSound to our
benefit no that's definitely a game
changer I had like a mentor one time
tell me that like to be a millionaire
you could do that by yourself but to be
a billionaire you have to create a
certain level of value so as I look at
this picture and I see that everybody's
kind of nervous and upset it I always
default to that so I say like okay Elon
mus yes he's his big b car but he's his
big b guy but everybody loves his cars
or you see the CEO from Google it's like
yes he's his big b guy but you use his
email everybody hates Bezos but they
need their packages there two days later
everybody hates Zuckerberg so they rant
on his social network so it's like these
people have Incorporated themselves into
your lives to a sense that you operate
with most of them minus Elon probably
every day every other day so it's like
to then make them the villain even
though you directly benefit from their
invention is a little bit of a oxymoron
like it's a weird kind of way to like
have you read an Rand uhuh oh man Atlas
Shrugged is interesting it's it is like
a a young adults book The Writing itself
isn't great but the core thesis is like
hey there are people that can build
businesses and it is ridiculously
difficult and if you think that they're
the parasite and that taxes aren't the
parasite like what do you tax if you
don't have people that are able to
create that stuff and it I mean look I'm
obviously wired that way which is why I
pursued entrepreneurship but man there's
a really great quote I'm going to
paraphrase uh that says um Communists
believe that redistribution is the
miracle not the generation of the
capital in the first first place and
people need to wrap their heads around
the hard part is generating the capital
of doing something that people value so
much that they will pay you more than it
cost you to create that that is so hard
to do oh my God it's so hard uh taxing
is easy yeah well said so if you had to
like scale it one being like we're
pretty good was my anxiety level for
oligarchy uh if 10 is uh we're in Russia
and people are getting murdered in the
background for saying something uh we're
at a two okay okay we're on the radar
we're yeah we're certainly not at zero
but uh but yeah we're we're a very very
very long way from that um we still have
the tension between the left and the
right if we become a one- party country
that would scare me yeah because then
people rise to the top of that political
party and they just [ __ ] Dominate and
the only way to do it at that point is
through either literal violence or
political violence uh you need look no
farther than China it's the the story of
how xiin ping came to power is pretty
[ __ ] crazy sh hopefully we don't
repeat that um all right moving on
Michael sailor doubled down on bitcoin
again doing another purchase can we pull
it up I believe it was like 1.1 billion
right yeah homeboy just is gobbling yeah
1.1 billion uh for another uh uh how
many 11,000 Bitcoin for a total of
461 th000 a average goodness gracious
that is crazy I really am uh my brain
melts when I think about what he figured
out about the reality of our financial
system so remember Michael sailor is was
technically he's not anymore he's the
chairman but he was the CEO of a
publicly traded company called micro
strategy and he has a great business
profitable all this money in the bank
and he realized uh our stock price is
getting punished because no one sees a
path to us getting bigger and bigger and
bigger so even though we have a
profitable business we're doing great uh
some like $50 million in profit a year I
mean like really making real money and
the street was just like nah because
again what is it it's gambling price go
up uh so the Street's like we don't like
this and so he's like okay wait this is
crazy and because of inflation uh the
money that I have sitting in the bank is
being devalued like crazy so what do I
do do I go buy a bunch of boats Yachts
like what do I do I need to do something
with my money such that it can't be
inflated away discovers Bitcoin and
realizes oh my God like this is the
perfect way to store your wealth uh not
only is it going up in value but he sees
Finance as having physics that Bitcoin
matches perfectly and so he Likens it to
a waterfall and he was like once you
realize that the laws of physics dictate
that water evapor evaporates collects in
a mountain runs down the mountain
collects in a lake and as long as
there's a uh Gap that leads to an area
that's lower the water's always going to
run through that Gap into the lower area
and so he's like that is the perfect
analogy for Fiat money moving away from
being in ated out of existence into
sound money which is Bitcoin and so he's
like as long as that reality exists
meaning as long as there's inflation
Fiat money is going to flow into Bitcoin
it just is like that's the physics that
money seeks that state and he's not
wrong like as people wake up to wait a
second I can put my money in there and
it it won't be inflated okay more and
more people are going to put their money
there and so but that a lot of people
get in fact he wasn't even early to that
yeah what he saw was oh my God I can put
it on the treasury of my company and now
I can pull a proxy for the entire
Financial gambling mechanism the whole
Casino of the stock market I can overlay
it onto Bitcoin via my publicly traded
company it it is so [ __ ] brilliant
and so he's got all these different
derivatives that people can buy for
either high risk low RIS I was in a
leverage one yeah so brilliant so
brilliant and to me at least makes it
very clear to me that the real wisdom
there is just accepting the financial
markets are a gambling system I can pull
that gambling system over into Bitcoin
and let people gamble against Bitcoin in
this period where there's no other way
to do it other than to just buy Bitcoin
directly but you don't get all the
different derivatives I mean just
brilliant is so brilliant uh and he's
been rewarded he is uh
I believe either right behind Nvidia
tied for NVIDIA a little over but but in
the conversation with Nvidia dude like
that's insane to like the number four
software like company back in the day
and then now with this new ad it's it's
holding it down but hey I'm one of the
leverage ones he done bought me dinner a
couple days so thank you Michael sailor
I will take those swings um it's
interesting though to your point of V
people go for the volatility he pretty
much was like my stock doesn't move
add Bitcoin and now my stock is moving
with the valet like correct literally
just strapped a motor to it and now it's
because Bitcoin is volatile and now his
company is a Bitcoin company exactly
crazy czy well done and last but not
least we caught your boy zck uh glancing
over this is so funny so I thought it
would be cool to ask um okay this is AI
I want everyone to be very clear this is
AI this is AI but Jesus is it funny so
uh I so feel his pain so first of all as
a man I just want to say Evolution has
created us such that the female form
reaches inside your brain and squeezes
dopamine centers all kinds of
fascinating neurochemicals I am not
above this this is why I find this so
funny I am laughing partly out of
anxiety uh but a camera shutter can be
like 1 1,000th of a second so this
[ __ ] thought I can just sneak
thing is I bet he didn't even think
about it yeah out of the corner of his
eye he saw cleavage boom his brain says
look which there are evolutionary
reasons why you would do that he looks
he immediately looks away I would like
to believe but the camera boom catches
him and they could have been doing
that and they just happen to get him
that one second when he glances over un
like
wittingly and now it's just meeme to
[ __ ] death with this AI slow pushing
to your point he could have been looking
for one second and now it's a moral
fraction of a second and because of AI
the first time I saw this your brain
doesn't go oh this is AI you're just
like oh my God and then of course it
kicks in you like this has to be AI but
that is high have you ever got zucked
have you ever got caught looking or I
don't think so first of all my wife is
God bless her soul and I hope she can
hear my voice right now we were once at
a pool party and there were these two
women topless making out this is at The
Roosevelt Hotel this is not like some
crazy somewh no it literally the
Roosevelt Hotel I could not have been
more surprised that this was happening
I'm there with my uh my sister-in-law my
brother-in-law my wife we're all just
enjoying a pool party and all of a
sudden my wife is like shaking me by the
shoulder she's like you've got to see
this uh and so she pointed it out to me
so God bless my wife is not weird about
that at all in the slightest but as an
entrepreneur I
literally 15 years ago had to say you've
got to shut that part of your brain off
so when I'm in the office I just [ __ ]
kill it man so I'm like if I'm walking
up the stairs behind a woman no Universe
not a shot not a glance no look like bro
you just can't because now you've got
power dynamics that [ __ ] is so [ __ ]
high risk yeah so yeah you can't play
that game but that is you I have to
actively like turn that part of my brain
off when I'm stepping into the office
you just have to [ __ ] kill it it's
hilarious I used to work for Ware
company out in Phoenix and sales guys
you were they were getting killed with
their numbers they weren't able to
convert they created a AI bot on
LinkedIn her name was Alexis Kane blond
hair like busty all those things their
conversions like went through the roof
and I found out that there was like
three iterations and they were like if
the women's name that they make up have
a ex in it it like doubled it like again
like so that's why it's Alexus like Kane
it was like it had to be an ex in the
first name a short lasting like they had
this thing to a science and I'm like you
guys are really creating fake LinkedIn
profiles and like yes they would send
messages to the sales guys oh yeah I'm
free for lunch we can meet tomorrow and
immediately so you ever see the show
selling Sunset I haven't no oh my God
you got to check it out so it's the
biggest fanciest houses in LA and 98% of
the salespeople are very attractive
women of a certain age it it just is
because you get the guy who's like uh
first of all most of the buyers are
going to be men and you get the guy
that's like I subconsciously of nothing
else want to impress this woman and guys
can't help themselves it it is the
ultimate signal to a woman that you can
afford something like that and women do
not know many women do understand the
power they have over a man who instantly
becomes a fool for sexual attraction it
is it's crazy unbelievable stay safe out
there fellas stay very safe gentlemen
and keep those ladies safe by being a
good gentleman may it always be such all
right everybody if you haven't already
be sure to subscribe and until next time
my friends be legendary take care peace
if you like this conversation check out
this episode to learn more I Donald John
Trump do solemnly swear I hope you
packed your own parachute because this
is day one of the first 100 days of the
second Trump presidency and it is going
to be a Highwire Balancing Act of Main
lining populism protectionism while
still