DOGE unveils a roadmap, Unlocking GDP Growth, WW3 escalation, Fat cell memory
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Your math, do you hear that freezer got bus looking .

at for his computer? I, you got bus.

Look.

you know what I was? Yeah.

that was of a very small you journal.

I lost IT.

I know that was too good.

I think he .

asked himself, know what you like?

What happened? I do. You have to go for a quick game of poker pool.

as you know. My god, too exciting.

You are .

beating the bible came once on .

puter at he was my say.

Rainman give .

we open .

sources to the fans.

and they just got crazy. All right, before we get to dodge, we ve got a little housekeeping, little housework, housekeeping. You know, we're getting into the holiday spirit here.

It's episode two o five or in year four, and we're having a Christmas party. It's gonna great. Be all we in holiday spectacular is happening in seven from cisco on saturday, december.

I think the VIP all about there's still some tickets left good at all in our com slash events. And um if you can't make IT to some fro and buy a ticket for fifty dollars on on the zoo, I think we're going to have IT on zoom. Is that right? And do I have my fact strait their freedom?

Yeah there is going to be a live stream. Thanks to zoom for setting this up for us. It's kind of interesting they're doing this thing where you could you kind of, you know, get access to live events. So they're helping us get this set up. You want to watch the stream live.

Anything is possible that could be nice to do that. Or I listen, best you on and best to vake wrote an up ed, a barn burner in the all street journal about dosh, the department of government efficiency. And they laid IT out.

They want to cut overbear ring and unnecessary regulation. Obviously, they want to cut unnecessary administrative roles, save taxpayers money. They want to run if by founders on politicians helping the trump transition team find a way to hire, quote, alien team of small government crusaders team, going to work closely with the White house office of management and budget.

Here's the plan. First, take game at five hundred billion in annual federal expenditures that are unauthorized by congress and fix the government's procurement process by conducting massive audit during temporary payment suspensions. This is an interesting playbook that elon has done before.

So basically suspend all the payments and hey, let everybody audit those payments, drive change through executive action based on existing legislation rather than passing new laws. And two, scotish rulings are going to play a major role here, western the universes, epa, that's when scotish rule that federal agencies can impose regulations dealing with major economic or policy questions unless congress authorities them to do so. And looper, bright verses, Raymond, that's from twenty twenty four and that overturned the shaver on doctor and we talked about that on a previous episode.

So according to those when combined quote, these cases suggest that a plethora of current federal regulations exceed the authority congress has granted under the law. Do sul use software and legal experts to create a list of regulations that trumpet can immediately pause? There's going to make some sort of a leader board, elon said, and the vake said he would do.

He suspended his existing protest that you know how to post, but he's doing a dog cast a dosh podcast. And so freeburg, this has been, you know, a major issue for you. You've been talking about on this podcast that the unsustainable existential issue for our country is all of the debt we have.

Where are the chances that this is going to occur? Because obviously, we all know the machine is going to fight to preserve the machine chances that we are sitting here in four years. And we've seen meaningful cuts in spending and a meaningful reduction in size of the government.

Look, IT is dog has probably eighteen months to do what they can do before the midterms and there is going to be an inevitable amount of recoil and backlash that's gonna SE from the actions that they're gonna try and take and president trumps going to try and take uh under the recommendations provided by dose um so they need to move fast and aggressively and that only gonna cause the recoil to be harder and and faster.

There's going to to be a ton of litigation. Obviously everything's going to go to court. It's gonna um incredibly politicized.

What is frustrating and chAllenging to me is that there is nothing that they said that doesn't seem obvious and right. I don't know how you can politicize the points that they're making. Put aside their party, put aside who they are individually, put aside how we got here.

At the end of the day, this federal government needs to be run more efficiently, more effectively. IT is unfair. And IT is attacks on every one of us to have money thrown away, to have wasted capital, to have bureaucracy that gets in the way of people being able to do their jobs.

IT is attacks on all of us and our kids and our future IT needs to be fixed if IT doesn't get fixed. I've said countless times before, we are in an arithmetic death death spiral. There is no way out of IT. So by resolving both the efficiency, reducing the bureaucracy, stopping the wasteful spending, having accountability in your in the government, we can actually get the united states another fifty years, a hundred years, whatever long we want. But we were literally in a death spiral leading up to this moment.

And I have no idea how we ended up on this time while I was over the moon and shocked when I read all of the progress over the last couple of weeks and putting this thing together, I did not know that this is where we were and up. I couldn't be more happy with what I think is gonna en with dogs and its effect on, if not actually making the changes, shining a light on the issue that need to be addressed. And I will say, IT is unfair to americans for this to be politicized.

The democrats shouldn't make this a republican issue. This is not about republicans doing damage. This is about doing the right thing for the government, for the country.

And the democrats had an opportunity to own this issue, and instead theyve chosen to oppose IT, which makes no sense. IT is frustrating and chAllenging to me, is an american to think that this is even a political point. This should be a what's right for amErica point.

It's almost like we're going to war, war with ourselves, with our bureaucracy, with the moras has been built up over the last couple of decades. And i'm thrilled that this is happening. And Frankly, put the put the people aside, maybe it's the fact that you need people that are as outspoken as and as difficult as these two, particularly individuals are. Onna run this group, but that might be what IT takes for IT to happen in the small eighteen month window that they have. So we had a my .

rent on IT. Yeah, great rent. And we had a melt and freeman clip go viral. And he spoke exactly about his positions on what he would eliminate, departments like agriculture, commerce, education. Let us play that clip. And then there was obviously the malayan interview by next freed and earlier this week, keep them or above lish them department of agriculture, abolish gone department of commerce, abolish gone department of defense, keep keep IT department of education above gone energy, abolish health and human services there is .

room for some public health activities to prevent the uh the contained .

will eliminate half of the department of one half there we go. Housing and urban development done, that's gone. Department of the interior.

The problem there is you first have to sell off on the land that the government owns, but is, oh keep keep that labor, no, gone. State, keep, keep IT transportation gone, go on the treasury. You have to keep up to collect taxes, all right, collect taxes through the treasury.

Sax, you see that clip. You see the activity going on with doge. What do you think that the machine will allow what built in freemen is describing there, what harvie male is doing in argentina and what iran is proposing with dogs? Do you think the machines is going to allow you, the whole cell, the leading apartment of agriculture, department of education at a federal level, and move all that stuff to the states?

What do things gonna happen here? And how hard will the machine fight back against this in your mind? Because, hey, you might have some republicans, some democrats, they fought really hard to get jobs, to get subsidies, to put in factories, whatever from the federal government.

Are they going? Just give that all back. The clip is from nineteen ninety eight. The way sacu that's well, that million .

treatment clip is greatest IT is that he really is outstanding. Is setting expectations a little bit too high here? I mean, we're not going to build a wipe out entire major departments of the government that are cabin level positions.

I don't think that's in the cars. You are mild freeman spicy describing as a night watchman state. And I don't think going to get back to that. However, if you look right now at the opinions on the legal media, M D, N C C and and all that kind of stuff they are forecasting that dog is going to out to nothing.

They're basically saying that the powers that be in washing and are going to reject IT completely, there's somehow gonna a following up between eat on in D J. T. They're very cynical DJ.

And then you have people who are not necessarily dismissive in that way in the media, but just kind of long time washing insiders who feel like we've seen IT all before. Nothing ever happens. And there is very jay and cynical.

So I would say that, you know, again, I wouldn't have the exportations of the man freemen level, but I think that the experts takes for those right now are being set incredibly low by the media, by the washing insiders. And I think there are good reasons to believe that the results will surpass those those low expectations. Number one is you've got elon mos writing this thing with fava.

E and e law understands Better than anybody the impact of delicti ous regulations on business. So we could really put a microscope on that. He's got the largest speech platform in the world with x, the largest account on x and he's also built a get out the vote Operation that he funded in the last election that he's promised to keep around and generally expand.

So his influence, hopefully is not going anywhere, can be able to keep using that to help keep politicians inside here. yeah. So that number one is no one's ever made money betting against you on mosque, and I don't expect that to start right now.

Number two is you ve got a vake who is cohered with elon of this thing, and I think he is a perfect partner for elon because the vate first one is a brilliant guy with a lot of success in business, but he's also a harvard trained lawyer. He's a brilliant legal mind. And I think you could see in that up.

And I suspect the parts that we're citing, all those in court decisions where his influence and so they figured out a legal road map here is not just a matter of kind of a going to congress and hoping congress act. They've got a way here sequentially to do this through the executive brands, through executive orders going through the court system. They've got to got a game plan here that's not entirely reliant on legislation.

So I think the way influencing in sort of legal strategic mind is a is a big asset here. And then I think the third reason to be optimistic is just the fact that this was printed on the wall sty journal opposite page is suggested in of itself. What this shows is that this doge effort is, I think, uniting both the kind of populus reformers and the establishment types within the party. If elon and the vague we're trying to get a Mandate for no more forever war, I don't think the walls you're generally publishing right, this will not happen. So there are are reasons to believe that this will not actually divide the party.

that the party could unify .

IT around this could now look, every congressman and every center is still gonna for their pork real project in their district or their state. And it's going be very hard to push back on that. However, you could imagine a process like we are with the base closure commission when the united states need to close a bunch of military bases and they created an outside commission to recommend that cuts and everyone kind of share the pain equally. Maybe those could .

somehow play into bit.

So i'm not saying it's going to be perfect, but I do think that if republicans share a principal across again, both these established and and the popular site, IT would be in reducing a nessy regulation and the number of regulators needed, the number government employees needed to enforce all those regulation. So i'm hopeful that they'll be able to get something done within the party.

And since the republicans have the try factor a, they've got trumps leadership and you've got the leaders of the center and house backing IT. I think that we want to get something done again. It's something something in a molten freeman level, but i'm optimistic they'll get something good and important done.

I think the easiest thing for them to get done with doge is the naming, the shaming, the ordering, the transparency of what we're actually spending because so many of the audits of are just not completed. People don't know what's being spent.

And if you show americans a twelve thousand dollar hammer, or people with job titles not coming into the office or coming into the office one day a week, one day a month, that's going to inferior a taxpayers. And I think there's a very easy way to navigate all this. You just create the leader board and you not only shame people who are wasting our tax dollars, you celebrate the people who are heroes who start showing frugality and cost saving.

And they are going to do this with the leader board of the heroes and the goats. This could be the unifying, not just the republic lan party as a sax, as pointing autumn. I think this could unify the whole country.

Is there anybody paying taxes that wants to see money wasted, that wants to see us pay people high salaries to not come to work through? Of which you take on the sequence of events here, what are easy layups that they can actually get done? And then where is the machine gonna fight and try to stop listening?

I think you are highlighting something that they can do right away, which I think is very powerful, which is just using these distribution channels that elan has now to create a massive layer of accountability. I do think that sunshine is a really incredible disinfectant.

I think the best way that they could start, if possible, is to stop paying their vendors until you actually have some amount of accounting to figure out, as you said, how many six hundred dollar soup dispensers are actually being bottle sold. Now that kind of whatever you want to call that corruption or grid, it's not going to account for hundreds of billions or trillions of dollars. But I do think that this is a very moral and symbolic win that that we're going.

We're going to start to get much more rational and IT starts to allow the average american to actually feel like they have a little bit of control and they have a more vested interest in how the government spends money. But I wants to actually want to take a step back for a second. And before I talk about what doge can do, I just want to highlight something that's been going on in california because I think IT IT explains a lot in california.

And i'm just going to read this that because it's incredible the regulatory burden in california as a state from ninety ninety seven to twenty fifteen. This is when the data available that I found has increased by almost fifty percent as of may of twenty twenty two. There are almost sixty one thousand individual regulations in the state of california.

So what does that mean and where does that come from? And nick, you can just put up the tweet. IT has happened over a period of time in which the government has been the absolute singular source of employment in the state. And we talked about this before, where this is also a problem at the federal level. When you look at GDP and job growth, because IT looks like a lot of these jobs are actually fake, manufactured government type jobs.

So why is this a problem you've seen in california? The issue that we have is that if you have a growth in the number of employees, in this case in california, all the job group in recent memory has been state employees. What is the byproduct? Regulations go up.

What is the byproduct of that? There are actually no private sector jobs. And more to the point, the private sector flees. So now let's bubble that up and look at the federal government.

Then if you want to just show that chart that I, that I send you, what is incredible, jack, out is that the more people are hired by the government loan, behold what you see. The number of regulations issued by federal agencies has just continued unit year in, year out. You cannot run a country like this.

So because is accumulate, right, congress is doing less and less of a job actually trying to frame how the country should work. That White space filled in, as facebook said, by these federal agencies, IT compounds and accumulates. This is not replacing laws.

None of these regulations have expiry dates. And so as a result, I think what you probably have is an incredible restraint on the U. S.

economy. I think that the U. S. Economy could be growing at four or five percent. But the reason that IT doesn't grow up for a five percent is in that one single chart, IT is impossible to be able to live up to your economic potential when you have this burden on your neck.

So I think the real opportunity for doge is to basically do whatever that needs to do using the law to wipe as many of these regulations of the books. We are Better cutting them all to zero and then finding the ones we really need and then reversing those, then we are going at this peace meal. And there's some in there's some incredible ideas, by the way, that this creates.

No, I don't know if you can find this tweet, but doge asked what people think of the I R S. And there was an enormous amount of activity that essentially said, give us a flat tax and wipe out the tax code. The people were very flexible in the amount of tax that they were willing to pay.

But could you imagine the simplification in the tax code and the implications of that? I was in singapore, by the way, ten days ago when I started my trip, nick, people of the name of the person on about disabled, I had a long meeting with who, you know, is there. And I was asking him the complexity of dealing with taxes.

He's like, what he mean, we don't. We pay a very simple tax system. There's no capital gains in singapore. And so as a result, are filing requirements are diminishingly small. But as a result, people like him, meaning great entrepreneurs, can spend all their time thinking about what to build not not a tax optimization is, or how to account for IT.

So could you imagine if these guys basically use doge as a mechanism to shrink the tax code, create a flat tax potentially? I know that that has to be passed by congress. I understand that. But the idea of just cutting this all the way down and then finding through that process what you actually need, I think, can find amErica a hundred, two hundred basis points of GDP growth, equity and economic renaissance. Mean.

just to build on that, cutting all the regulations to zero might have throw out some babies in the bath water. So why not put a clock on them and just say, whenever this was enacted, plus five years and then IT rolls off, or plus two years, whatever number of months, and then you could have them came off rolling .

off every month to be a idea? I think that's a good idea. But jack, I think you first have to cancel all these regulations and then say, whatever we need, we will reenact your point on a five year shot clock that then has to be renewed in a new congressional period. And I think that that's extremely healthy.

Well, because you know what, people die, paradigms shift, and then nobody even remembered these regulations. You have to do archaeology, figure out who created this, what was the intent. And you would never do that. You would never live sacks with all of these rules forever.

Just one less common. In fairness to these government employees, the one thing is that it's not their fault, right? right? Meaning in the sense they were hired into a regime where the incentive was to regulate so that you had things to oversee, and so they did their job. In fact, I would say they did their job incredibly well. But the point is that now we need to pivot for them to do .

a totally different job. Watch free, freeze, freeze AK. K, if you where to get ready, rid of regulations as somebody working in the government, you might work your way out of a job. So the incentive is completely perverse and reverse to what we actually need in the country, which is less regulation more than for regulation in some process by taking these things on and off the books and adapting them to reality.

Yeah, this is where I think I think we've talked about this many, many times in the past. But like all organizations have a natural tendency to grow. They want to grow.

They are not, yes, find me, warn non profit, or find me one university, or find me one company or one government agency that ever said my job is to shrink myself. It's never happen. So why does that happen?

Once you look at the like day to day Operating role of each individual over time, like all individuals, they want to do more, they want to have a bigger impact, they want to have more scale, they want to have more leverage. So there is this natural set of incentives that drives a lot of choices and Operating procedures on the ground that create more structure, more scale, more leverage and drive more hiring. Everyone wants to become a manager of people.

They don't want to just be doing the same I C job forever. Individual contributor jobs ever. So if they want to be a manager, they're got to find more stuff to do and then they ve got to hire people to do that stuff.

So all of these organizations, whether again and we've all been on boards of non profit, i'm sure, and we've been involved in this sort of thing, is always dislike incentive to raise more capital, to hire more people, to do more stuff that sort. It's really unclear until you really dig in to the psychology of each individual person working there, why this is happening. I don't think that the federal government is any different.

Each of these people feel they want to be more important. They want to have a bigger role, they want to have a bigger impact. So so your job if your job to directionally is to regulate, then what's the scale on regulation? More regulation.

So therefore, to do more, you have to regulate more. There is no regulator that says, I want to regulate less over time because we've created a system that's one directional. So you have to have these resets if you don't have a natural leader going to happen unnaturally in the form of social unrest and breakdown of the economy and collapse of social structure, as all these other things that happen, we wait.

Or is chamar S S pointing out in california, in the economic structure of california, which I think is happening on a kind of national scale because of the outsized role the federal government plays in our national economy here today? So so you have to have these unnatural forces come in and and do this. We adjustment from time to time, otherwise it's just going to break on itself.

And mile in argentina has basically, I don't know, a year or eighty months, had started on us and has been doing this. He did a great podcast with lex fruit men. They translated to actually they debt IT, which was kind of interesting technology.

And in this discussion they talked about reducing the ministry y's agencies from twenty to eight. They fired fifty thousand government workers, fifteen percent of the total work force. There were three hundred forty one thousand when he started the implement in daily deregulation process.

Remove inefficient policies. So they just do that day in and day out, they ended discretionary payments to provinces and cities. They resorted market of of an utility Prices, no more subsidies yayi AI at right down the line.

sex. Your thoughts on how many months IT will take to do this? And there's this this discussion, and I don't know that from inside the trump administration of, hey, we've got to get to stand in eighty months. We got to get to stand in a eighty months. What can tell us about the the sense of urgency about getting this done quickly and why that's occurring?

Well, I think you on the vae have announced that dog will be sunsets tor demanding at the two hundred and fifty at the anniversary of america, which should be july fourth of twenty twenty six. So they've only given themselves about what's at eighteen months, which kind of make right.

right exactly.

You tend to have the most momentum coming off an election like this one where you have to try factors. So I think that makes a lot of sense that they're going to be able to have the greatest impact, let's say, in the first year after the new president congress gets worn in.

how do you get democrats on the sex? How do you push them to join the party, to join the movement, to be more efficient, to be more transparent? Is there a possibility for us to get some coordination here at the other side or not make .

you might be able to get some support of particular democrats on particular things? I don't want to say that is not possible, difficult, but not not impossible. But look, I think what millay has done in argentina is remarkable.

I mean, that was a country that was a total basket case. Inflation was out of control already because of the cut is made. They now have a more Normal inflation rate, and they've gone from basically being on investible to investable as a country.

Now the united states is not the best case that argentina is, but we are an unsustainable fiscal trajectory. Those is also not going to have the power that mila has, not to have the decrease of freedom to act. But we also don't have a big a problem.

What we need to do is, is bend our fiscal perf from being unsustainable to being sustainable. And if we can do that, it'll have a huge impact on the economy. Specifically what we saw in the last election.

The thing that probably hurt the democrats the most was inflation. Voters clearly do not like inflation. They do not like the dimensions of their purchasing power.

But how do you stop inflation? You have to raise interest rates, and that's not good either because that raises the cost of more gds. That raises the the cosplay car payment is bad for investment, right?

Because if hit rates are higher than that means the discount ate on stocks and real estate on every investment class basically higher. And the hurdle rate for investment tire so high in strates are also the economy. So how do you get out of that box where you either have high inflation or high interest rates?

The only way is to bend the the fiscal curve to that more sustainable path. And if you can and if you can do that, the bond markets will actually give you credit for IT in advance because they because they know that they're not me, flooded with the need to keep funding all of the U. S government debt.

So we either get to kind of you know start of of the saying by being either default alive or default ad. We either get to default sustainable or default and sustainable. Right now, we're sustainable.

The bond markets know that inflation remains persistently high around percent. The fed has not been able to cut interest rates the way that they expected to remember. The markets were expecting seven cuts this year.

We got basically three. We ve got to fifty and twenty five. So IT system hasn't been the cuts of people we are expecting, and that's because inflation has come down as much peel thoughts.

So if doge working with the rest of government, O, M B, the treasury, congress, executive orders cannot convince the markets that the U. S. Financial picture is more sustainable, will get credit for, that interest rates will come down and that you'll lead to a boom in the economy. So it's all win win if they can pull .

this free back any final vote before we move on from doge wishing iron and the vague as much success as possible. We've really I mean, everybody should be rooting for this. You wants to give me your final dots.

I feel like amErica is neo from the matrix, where there was like a thousand bullets being shot at america. And we like literally had to dodge every single one of them in order to get to this. This point.

I again, I am so shocked and surprised in a positive way that we ended up on this particular time eline. Look, everything had to go the way I went for the stuff happened. Biden decided to run for real election.

Biden stayed in too long. They didn't run a primary. They put comment in de .

to throw one hundred .

million box at the elon witter. China had a real estate bubble. I mean, you can go down the list of things that had to go right for us to get to this very moment where a small group of people have recognized the fiscal debt spiral the united states federal government has been in, and have the authority and the capacity and the skills to be able to go and execute against the solution.

I have no idea how this could have been. Architected maybe sacks you all along. And I convinced him two years ago that this was how things had to go.

And he's been designing IT like people talking about right down on the end of the empire.

for on the past, maybe rever talk is like. And also around the the relationship with china, which I think this is all very tightly related. We may we have dodged a lot of bullets and and if the united states can get a test in order reduced federal spending while increasing on economic activity, uh, IT can be A A tremendous unlock for the U.

S. And for world peace. So because again, I think that conflict rises when we don't have our own cycc o house in order.

And so I feel very positive, more more surprised and positive than I was a year ago. Six months ago is just amazing or on this timely. And I do think the united states, as neo dodged a lot of lot here.

I fer, I told you everything was proceeding as I foreseen.

You don't happen to the ten year and you on in the vehicle that I say I don't actually don't what happened yields contracted by five basis points, you know not the value .

that is couple billion.

fifteen billion per year. Yeah, yeah. So so I think that I was probably a hundred billion dollar essay just writing.

I think you will find that the dog is .

Operational.

I mean, I think it's got a chance.

I mean, you think I I all americans and democrats to stand up, and this is the right thing for the united states to get on the fact and the problem, say, the S. A saved us a hundred billion. Just the essay.

Here's a you, you going to see.

you gonna .

have to be very strategic, though.

about how they they the dose .

ams is going to have to be very strategic to pick things that are consensus building, that don't make people feel like this is going to grind the poor more and make the rich richer. R that's the expectation that's going to be the negative framing on the cypress ict, which is just a bunch of rich guys making cuts, talking their books, making cuts for things that are their pet projects, their investments.

They have to come out and not make IT that they have to make IT. Here's inefficiency. Here's inefficiency. Here's inefficiency. And a great way to do that would be the efficiency gains and the tax cuts are going to go to people making, let's say, under two hundred fifty thousand dollars. These are not these cuts are not being made just to make the rich ritual .

that's going to be the framing. But think matter what what which .

part of you that .

they're going to say that no matter what. So I I actually disagree with the first part of what you said. I agree with you that the media, the mainstream media will try to characterize as hurting the poor.

I agree, and i'm not sure yet. Yes, what's the door or not? Yeah, but I think the first part, I disagree with this. I don't think they should Operate towards consensus. I think that they should do what's right.

Well, you could do what's right. And you could start with things that are the most wasteful, like if you start cutting kids lunches or pl grants, or you start cutting people's jobs to in health care, education that people perceive are helping people. I think you're gonna feed into this narrative that it's a way to cut taxes on rich people.

And you know what, you do need to build consensus how to some rich people if you cut regulations and a bunch of our companies benefit from IT. Just to be self aware, the framing is already that this is an effort for companies that we invest in to have less regulation, to make the equity holders in those companies more rich. I just to make sure they hold on this, have to make sure the savings is for all americans and that all americans benefit from IT. And the way they benefit is the best framing ing they could do is your taxes are going to be lower because you're not wasting your tax dollars if they can keep to that. Not hey, we're moving regulation so that .

our companies being a hair dressing requires more regulation than being anyone of most my company. So I actually think IT benefits I I think IT benefits other people way.

way more than that benefits me. And you have to if that's the point, is you have to show people that you're doing this for everybody, not just for the people on this podcast and our friends.

that's gona be the key. What you have just said is so important. There's a great interview I i've mentioned in the past between tim ferus and charcoal from a couple years ago where he brings up this exact example how regulatory burden make a difficult for women to become hairdressers.

It's like seven thousand dollars, so they don't have the capital to do that because of the regulation. Get burned to get there. Think about building your home or like lets you want to change.

You put a shower, your bathroom, change the show in your bathroom. You don't want to spend fifteen thousand dollars on all the permitting regulatory stuff to make that happen. It's going to unlock value for everyone. That's a small example of kind of a regulatory problem, but this benefits everyone .

and the cause. My point has to communicate that. You have to be able to communicate that and that's where using you on platform.

But may like you got a perfect job of communicating this to people, and that's the playbook for you work. That's my point. People are going to fight this. You have to convince them. You have to show this is helping .

me that they are okay. But that's different than how you started. You said only work on consensus projects.

I know that I think you have that with them first. I think do those first make sure that people understand this is to save their money. I'm not saying that you don't change regulations for space ships and self driving cars as well, but you have to make sure you show people that this can benefit them, or else they gonna just fight IT. And and that's going to be the whole, all this that will be for not if if you get a bunch of republicans sax, we start fighting this and you have a splinter ing in your party because they feel like this isn't helping their local constituent this whole thing .

could be for not that's my story that you told is going to be told by the legacy media and all the haters and the enemies, regardless of what elon do.

I don't think so. I think you need people over. If you show people at twenty two, you show people.

you show people at twenty two years.

I'm talking about the public .

te only one election now the time to implement.

When you show people twenty two thousand dollar, you know hammers and wasted money, you will get one hundred percent of americans .

backing this. Now, thirty years, nothing happened. We ve got to just act. now.

Yeah, act and bring people on with communications. I mean, if you got if you're predicate.

great. yeah. I'm not saying that communication is in part of the job.

In fact, the whole conversation started by us talking about an bed that you want to a vacant rote, which they are laying out. They are laying out their objectives and y're doing powless. Elan has the biggest platform in the world and biggest following. So I just don't think communications can be the problem, but you're also not to convince everyone. And you know, we've already won the election, announce the time to figure out very strategically other important as much as possible.

Be humble by two million votes. Keep that in mind. You have to bring everybody along.

OK what the last video was fair IT had been twenty million and votes for trying to have one under these circumstances and he won to try factor. It's impressive.

Nobody is just saying be aware, there are twenty four million people who are rooting against trump. I think getting some .

true that's not true.

I think there's a decent number of people who are probably very upset that no trump one, just like last time, they were upset that by one, including all americans, this is the most virtuous thing you can do. I think it's range you get .

on and I think it's arrange the idea that seventy four million people are actually rooting against them. I don't think that that's true.

I know they feel good that they lost. People don't feel good about losing. Bringing those people on board .

is virtuous in the country. We ve seen the trump dance. I mean.

there's been such a five i'm not going .

to do right now, but there's been such a huge vibe shift. The energy is so domestic right now.

the energy .

right now incredible. And I think people are feeling optimistic. Can you imagine what I downer would to be if, like we were expecting .

president, commonly, there were still pushing a seven point two trillion dollar of federal budget next year. That would be a downer. And by the way, I think that there is a deeply link relationship between social issues, economic issues, political policies and foreign conflict.

They all seem like there are four different things, but there are so tightly into round. And it's interesting how everything kind of moves together with the shift in who ended up running winning this election cycle. And I think IT really speaks to the relationship between the four.

Well, by the way, IT, there's a great meme that was fooling around where IT shows a photo of trump, elon b. Kennedy and tosi gabbert. And I said that all for the future to be democrats. Yep, put your rogan in IT.

I tweet that and put your in IT too.

IT used to be that that, that s progressive. Progressive means progress looking forward. And the last decade, the last couple years in particular, I think a lot of people that I know that are former democrats to moh, you can speak for yourself, feel like the democrats stop looking forward. And IT was all about china like we to have and grievance .

and venture and and .

all the sudden you've got guys like iron promoting themselves as republicans, highlighting that is all the this is the party that looks forward. This is the party that drives progress. It's an amazing chef. I don't know if has been anything like that that happened this quickly.

And I voted more to make amErica great again that I did vote for being a republican. I I think that the republican party right totally is is less important than it's ever been. And I think mega is more important than it's ever been.

I agree. And I say the biggest rist, the whole agenda IT probably is not the democrats. It's actually some of these old balls and congress who are in time maga for some reason. Trump is the one who just won the try. Fact is, one, the big election, if you stick with the old republican message, you're just a short fire at loser, so give trump is due as the leader of the party realizes now a maga party, and let's get some things done if the reform agenda fails to be Frank, IT probably is not going to be, the democrats is probably going to be these hold outs and there are public parties. And for IT.

嗯， yeah, yeah. That was my question earlier. I think I asked IT twice like I didn't get anybody engaging in how do you convince them? How are they being brought on board to this if they have all this pork maril spending? Is there a strategy there? Would you have a strategy?

I think sex later, which is that if you use the combination of the carrot and the stick, I think the carrot is creating transparency. And I think the other part of the carrot is you'll have now an extremely well fund. The pack that can support people who are on board with this agenda about the stick is if you don't, I think that if elan makes us a really concerted long term part of his strategy, then I think you should run candidates who actually are aligned with the agenda that the make amErica great again movement wants. So I think that's the carrot sticks, which is like some of these old republicans will have to decide, do I basically help invest in the renewal of the american spirit, or do I keep pushing back because I like the way I was and I want to go to war and I want to cozy up to these lobbies. I think those folks who can have a very tough four and eight years, because I think you'll see a bunch of magic candidates rising up to running against him everywhere in the united states.

As you can see, my Young apprentice, your friends have failed now witnessing firepower, this fully armed and Operational banos tion. Man.

I said, be humble like three times, none of its thinking in.

No, I just explained, I explained the rest. I I have been very clear. You're not going to get moon freeman, okay, you're not going to get hold a millet. What we can hopefully get as a bending .

of the curve towards sustainable acting .

my mutations to be realistic. okay.

I mean, breaking even would be great if we do just warn adding to the debt, that would be amazing. No.

that would be if the federal budget gets to three trillion and regulation gets cut, if you get fifty percent of the regulations in federal agencies cut, I think you unleash an economic sonic boom.

I'm all in, gosh, I think is the greatest thing that could ever happen.

My god, imagine amErica clocking in the I mean, how much you guys still with companies.

not a really regulatory the regulatory .

stuff is brutal. man. It's like it's legit brain like melting.

Tell me your a number one, regulatory frustration. We can go around the horn. This is a great topic actually.

I don't have any I think i'm very blessed to work in an industry that's very light with regulation. I think IT affects many, many other industries that if they were unleased to contribute to american G P N, exception construction. And also think regulations are very regressive because they touch poor middle income people, wait more than a touch folks like me. And so ripped these regulations out.

Two, regulations that do affect you cry pt or regulation and capital formation. Both of those .

things are they have me, they haven't hurt me, you, but.

They definitely thin the economy, right?

I can snap a finger and raise a couple billion dollars. That is not it's a saw in a unique position. And I and I recognize that what is much harder red is if you're trying to be an electrician, if you're trying to be a hair addresser, if you're to be a massage therapies, when you have to spend fifty and twenty thirty percent of your salary and licensure, why? Why do we need stupid rules?

If you a person that's trying to, like, construct a home, why does IT take six and eight weeks to get problem? problem. why? I know there are no good answers for these things.

So forget about me like IT doesn't matter about me. But the mainline part of the united seats economy, as I said before, is a coiled spring. If you get rid those regulations in disproportionate impacts, middle income and lord middle income jobs. This is why you if you see, if you see GDP, if amErica clocks s in GDP at four to four and five percent, watch out, folks. Sonic, watch out.

I'll give you two really simple ones. Allowing everybody in the united states to participate in company formation would change everything. Ninety five percent of the company cannot participate in investing in startup PS or any, you know, new company .

which created dating laws, I think would be massive freedom to Operate, just freedom to do stuff.

You mean you're free to go to vegas and the gamble you're free to, you know, play you know, I know you are .

afraid .

of token, right? Something of regulation.

I think there are many more traditional forms of economic growth that we can have before we need to make ics legal and easier. I I want to say something. I think that the person that runs for governor, california should commit to putting those sixty five thousand regulations down to ten thousand as needed, to replacing the D.

M. V with the digital APP and to cut taxes to me or zero and to create school choice, whoever does that will create a reiss's in california is the fifth largest economy in the world, folks. And IT can be a Better rather for the .

rest of the world. There's a lot of Scott online that the cold chain is going to run for a governor, california, and I be all in favor of that. I would say that of all the political personalities involved in the election over the past year, he gets my most improved award.

Remember, went like bobbi, named her to his ticket. I was all but skeptical of that choice because of some of the causes that he had identified with or donate to in the past. But SHE, I think, has ended up being a star.

He's pretty based.

She's yeah totally. I mean, she's she's very building up supporting maham and maga, and I don't think we're getting anyone Better in california. So she's wanted do IT and take you on that. Be awesome sex.

What about you? You don't want. You don't want .

that .

that nation doone grade for me about to say.

You joke right out when I got to the dates that was such an easy world. Yeah, you could live in the governors mention, also known as more than than your guest house. Tell me your backup man gave.

Well, actually that happened. People have in new york, I remember one of the governors was like, in on good. I don't need to live in the mansion.

Where do you want to go next, boys? We have other things on the docket. Would you like to go to our work? Correspondent, would you like to go? Chrome, google breakup? Would you like to go in video? Where would you like to go?

World were three, I think.

is important sex. You put, where were three on the docket you like to? Tita rosa.

sure. Well, there's a several events have happened in reasonable close succession. The the first to understand is what's happening on the ground in ukraine. The ukraine has been losing territory and accelerating pace. There is an excEllent graphic in the new york times that i'll put on the screen that shows this is not a stalemate.

Memorized in this podcast six months year ago that I was no longer steal made was a war attraction in which the ukraine ans were now losing. And every single months now the russians are taking more, more territory. Again, the curve accelerating. We all invest in a business who had a growth curve that looked like this. So not good news for the ukrainians in response to that.

I think that's finally the condition on the ground that created the next set of actions, which is the by administration finally approved the use of long range missiles attacking s missiles storm shadows to hit territory deep inside of russia, the russians believe, and I don't know whether this is sure up, but what they say is that those weapons cannot be Operated without americans or british Operators being there to. They've too complicated for the ukraine to use on their own. So they, the russians, view this as not just a direct attack on their homeland, on their motherland, but also a direct involvement, by the nature, allies, united states and britain in the war.

And that is a big escalation. You know, a lot of people say that the russians have all these red lines. We keep cross him, and they do not do anything. That's not true. If you actually listen to what the russians have said, there's only been two red lines.

The first red line was they said they would not accept nato expanding to ukraine, and they prove their seriousness on that issue by invading rain in february of twenty twenty two. The second red line is they said that they would not accept american long range missiles being used to target inside of russia. And that line is now in cross.

So this leads us to the next set of events, which is russia just used what may be computers or saying it's an icbu, but IT probably is more likely to be not an inner condenate but an intermediate range ballistic missiles that hit a ukrainian city. And its an obviously didn't Carry a nuclear pil. There's the type of bullshit sal that is used to Carry nuclear weapons.

There are couple of features of this that I think are really important. Number one, it's a hypersonic. So IT hit the target at something like mock ten.

What that means is that I just can't interceptor is too fast. The west and the united in particularly does not, as far as we know, have a technology to intercept a hypersonic like that. The second is that I had was called a merve warhead or payload.

Merve is multiple independently targeted reentry vehicles based. What that means is the warhead split up, right when I guess close to the ground, split them to six separate warheads. And the reason for this is I understand that is diablo again is just if you're launching nuclear weapon IT just makes IT that much harder to now intercept IT because now you've got six warreth ads hitting you instead of just won.

So I mean, as I understand, I miss like this neurone used before. And what the russians are doing, obviously, is sending us a signal. And what that message is, is that they're saying we have the means to hit any european city or any european asset with a hypersonic missile that you can stop that may or may not have a nuclear warhead attached to IT.

And is this a way of them expressing their seriousness and this pleasure and reacting to an escalating in response to the fact that we are now allowing western missiles to be hitting targets deep inside of russia? So the bottom line is this war is escalating, escalating to work good. And at some point soon.

yes, it's really we're .

going to have to get off with this equator light or to end up in a really disastrous place. And the last final point is it's absolutely remarkable that biden decided to take us to this place with what just six week's left in this term completely. Me is a lame duck president.

What is his Mandate for doing that? For taking this extraordinary risk on behalf of the country the voters was voted for. Trump made IT really clear.

He want to end the war, and biden and his team have laterally now estimated this war. They did IT without consulting with trumps team. At least that's what was publicly reported as there was no briefing set up for trumps transition team.

So you have here by in his team, taking you'd a little action to expand and escalate this war even when he's lame duck president. And the question you have to ask is why? What is the point of this?

Well, I think it's just completely arranged because it's not just that. Forget biden and trump for second, if you take a step back, what was voted in was to end this war and for the united states to get our hands out of IT. So you couldn't have a clear message to the sitting president in the White house, which is, this is not what americans want.

And so to basically ignore the will of the voters and to essentially go and push another country into the brink, I think, is so incredibly responsible. And you know, other times we've said in the past, take Donald trump seriously, but not literally russia. You should take seriously and literally because they actually write IT down for you and tell you.

And so when they ve said every act of aggression from now on is going to be viewed by us on a look through basis to the actual country, that is enabling this to happen, you couldn't be more clear, but americans couldn't have been more clear, which is we don't want this war anymore. And I just think it's really danged what the bike White house is doing. It's incredibly dangerous, and by the way, not to mention it's incredibly hoste as well.

I mean, we've had like some last minute efforts to sort of tamp down on these last minute budget approvals and what not, but we're talking about tens and hundreds of billions of dollars that we're giving on top of the risk of of nuclear escalation tion. I didn't think it's absolutely crazy. It's absolutely crazy.

Putin is not a dummy. He has heard and seen trumps campaign retorted and sex. I don't know if this is this has been publicly reported that he had a call with with promp after the the election Victory does couldn't not see that in a couple of weeks, a couple of months, there will be new leadership in the White house and there is going to be a path to a resolution here. Like does that not give us all a little bit of reprieve that this is not going to ask a because everyone is waiting for january only?

Oh, I mean, for sure. I mean, thank goodness. I would say that we have a new president coming in who does not win this war.

I mean, the problem with biden is that he completely owns this war and he does not want to MIT defeat. And so what you've seen is that over the last couple years, every weapon system that binton said he wouldn't give. To ukraine, because I could literally cause world three.

These are biden words. He said, IT could be armored in if we gave ukraine f sixteens. IT could be army gain if we gave them a stank.

IT could be armored in if we gave them high mars and attackers, and could lead to war war three if we let them have target inside of russia. These are abiders words. And he has basically given on everything one of those points because he's so committed to this policy, right? He's he's in the quad.

mr. He can only double down. He doesn't have to extricate himself. And now we don't know exactly what common hair is would have done, but I think probably you would have inherited joe bines policy and likely continued IT.

And I think we have a wonderful opportunity with trump taking office. He doesn't know in this policy. You can look at IT with fresh eyes.

And most importantly, he campaigned on ending the war. So he has the Mandate of the american people to stop IT. All I can say is, thank goodness. And we do seem to get through the next two months. We do seem to get to january twenty youth without there being some new horrible escalation in this war.

He's joined this, Martin, galling, but his strategy for the ukraine russia war just keep doubling down .

and doubling double down.

Plain what that is. Oh yes, sorry, Martin gale is a strategy and gambling where let to say, you know, you start betting a dollar and you lose your next bet is two dollars if you lose your next, that is four dollars. If you lose your next to is eight dollars and eventually you'll win once is the theory but there's many times or Martin giving doesn't work.

but you only one a dollar, so you could be betting, you know eighty, you know forty box, eighty box, one hundred sixty dollars, three or twenty dollars and then you finally win and you win a dollar.

right? Or or you go broke. That's a great analogy because you can also go broke, right?

They have caps that reality table. One time I would do this as a job. Yeah.

so I would do this as a joke .

with my wife when I was at the world service of power. But like, i'm going to be pay for the dinner or lunch, whatever. And I put one hundred dollars on black loose, put two hundred on black when go pay for a lunch.

And I did at one time with the W. S. P.

And I went hundred and two hundred, four hundred, eight hundred, sixteen hundred. I ran at the cash. I got thirty two hundred from my friend. I put IT down the floor. Man came over and said.

literal last bet. Oh, my body, my body. I would like if you do this.

Yeah.

in our college years, early twenty years, we would go to drink for free at the casino. You just sit .

the black jack table and .

just this was a long time. I mean, if you get a dollar, then you bet two, but you can just keep drinking for free for like two, three hours, then go out and enjoy your night. You ve made fifteen box .

in they tell you about the losing a million dollars playing the let me nicky got to keep up the named me IT was me and you did tell me, you did tell me this yeah, this is so good, says guys I developed the system is for that's .

always what happens before you lose a million and .

is that it's like we need to risk a million. We can win like two or three and it's like ninety nine point nine nine six percent so so I say so are you really telling me that we just have to fade point zero zero four percent chance of like total loss and he says, yeah, well, guess what hit the point zero zero four percent .

share me .

and I was devastating. I just kept looking at this thing like, what just happens like, uh, we lost yeah and I was like, there is folks I never i've never going to play.

I think the gambling analogies are the right analogies. So I look, i'm not saying war or three is gonna en, and i've never said war or three is going to happen. I'm saying that there's a risk of war or three, and I don't need the rise to be very high, to be very worried about IT because I would be such a disaster of from right.

exactly. So I want to minimize risk. I want to exactly. I want there to be hopefully a zero risk of that. But you know, was interesting as remember, just like a week or two ago, president trump made that trip to dc, and he met with biden in the oval office. And biden had this.

He was like, all smiles and everyone is I wondering why he's so happy? And the speculation was that he somehow wanted to comment, or loser or something. But now you think back on this, he must have known he was about to authorize this decision.

So what he's doing here, his grip, he's grim truth. He knows he's about a gift. Trump this horrible hand, right? He's about to make this situation in ukraine's so much worse. So that trouble have to inherit this mess. That is like the definition of.

yeah, he definitely knew more than that picture that on because a lot of the interpretation of that picture was they are getting along. He's being super gracious. What an incredible gestured and just look like very yeah.

He promised a smooth transition of power. And then we find out that he did confer with his successor about this extraordinary, ily, meaningful decision to estate the world.

And it's like.

that is crazy.

It's crazy.

You guys want to do science corner. I got one for you. Yeah yeah. All right.

Your super fans are desperate for science going to a give one for you. Given something right?

I will give you guys something here. Here's a depressing paper that was published in the journal nature just this week. Research team out of switzerland going over to the swiss where they are conducting extraordinary research in the epigenetics of fat sells in that chain.

Me on the, uh, science corner to .

understand perhaps why IT is difficult for people that have been over. Wait.

yes, to keep the weight off.

I just say this.

and I I think it's fascinating. Yeah.

explain IT IT t IT is really incredible. So I remember we talked about this many times in the past, but every cell has your whole, all your DNA, all your genes and certain genes are turned honor off in different cells. And those genes being honor off, differentiate those cells and causes them to act differently.

That's the difference between an eyes cell and a skin cell and a heart cell, as they have different genes that are up regulated and regulated, turned on and turned off. And even when you have different kinds of cells, you have certain genes that are over expressed or under expressed or over regulator or regulator down regulator, is that means that those genes are turning, pumping out certain proteins that do certain things in that particular sell. So what these folks did is they wanted to understand, what is the epigenome ann?

What are the genes that are turned honor, off or up regulator dn regulated in that issue in fat cells? And does the epigenome change when an individual loses weight? So once their obese and they lose weight, do the fat cells actually change their epigenome? Or they do they have an epigenetic memory, meaning that those cells, even though the person has lost weight, those cells still continue to act as if that person were obese.

I'll tell you, in humans, they basically took five individuals that were obese and lost more than twenty five percent P. M. I. And they looked at the epigenetic, looked at the markers of what genes are regulated and down regulated before and after they lost the weight.

After they lost the weight, there were a set of markers that were still up regulated that are associated with tor metabolic and increased fibrosis and increased sales lar debt. So these are inflaming genes. These are genes that are associated with the cells being inefficient, that utilizing glue cose to create energy.

And so these cells continue to act like slow, dying cells, even after the person left weight. And they did the same thing in mice, and they found similar results that they cause these mice gain weight, looked at the epigenome e of the fat cells, and then looked at the epigenome e after they last wait. And again, the mouths epigenome e continue to act as if the mouse was obese.

And what this means is that the metabolic remained reduced, fibrosis remained elevated and likelihood sell death remained elevated. So now they applied glucose in a Peter dish to those cells, and they saw that the glucose had a harder time being fully being appropriately utilized from a healthy, that cell that hadn't been obese. So IT actually permanently alters and create an epigenetic memory in the fat cells after obesity. And this could explain pretty significantly why when people that have been obese lose the weight, they are more likely to gain the weight back and have a hard time keeping .

the weight off. And that makes total sense because anybody whose added wait to mah, if that you had, but you know you one extra orio a week, that's thirty five hundred. You do that over twenty years.

Obviously you wake up one day. You're twenty thirty thousand and overweight like I almost three or four years ago. And this why I think OEM c and govan on journal and all these things are so great because IT does seem like a break you through that. No.

for the problem. We do see in all those results that when you go off of the G, L, P wanagan as drugs, you gain the way back very quickly. This is some A I A.

It's a pretty significant bounced back effect. So and this is pretty well documented. And so I think that IT speaks to the why. Now IT also introduced an opportunity. There are molecules that can turn certain genes on or off, can now be identified and utilized to change that epigenetic memory. So now that s which, in addition, exactly this could arise from things like increased exercise that turns out that when you do significant amounts of cardio asal exercise, there are certain genes that are expressed that trigger other genes to switch honor off so we can start to identify those particular molecules and produce either supplements or additional drugs or combat therapies that can both knock the weight off and keep IT off by changing the economic memory in those sells world. And so IT introduced a whole new class of opportunity for folks to explore how do we help folks that a robust lose the weight and then flip the switch that they .

can keep the weight off. I've been doing rocking. This is like the old man activity that Peter a and these .

you put on a new, like, go, I wear.

I started with a tamper ound wait, vast nam at thirty five pounds. I, I do a mile and a half hike every day with thirty five pounds on man. I fall asleep immediately. And the the amount of intensity that puts on your body.

you do IT right before you go to bed.

No, no, I do at any time during the day. But i'm just saying it's it's i'm focused on four things right now, my health, diet, sleep, exercise, meditation and i'd try to do all for each day. But the rockings, specifically in the zone two stuff is what they say forty, fifty year old should focus on.

So that's what i'm focused on. But that rocking man, does that make your whole body strong? How they recommended it's really transformative.

My meditation is reading doe justice for .

a tramp polya atia term a dictator. Eighty, ninety is run in a software company, services company and grade. Look at you in the driver seat.

David frayberg, your sult of science, working on a hello and the architect, the rain man, yeah, definitely. David sax and craft ventures. And maybe this could be involved doge.

I wouldn't be surprised that we see a sax doge a hook up in the future. I don't know. I'm taking a guest here.

I am your host here. Jason. Hello, cannas will see you all on december seventh. Liverage person.

anyway, you guys see you this tweet from brian Johnson. He twisted out all of his blood levels. This is incredible.

I love this guy. Look at these results. You're incredible if he can break this down into like a turn. Key thing that Normal folks like us can follow for people who don't know .

what these kids doing is he is spending like three million dollars a year or something to that effect on his own personal health, documenting and sharing IT everything from sleep to his bone density. Everything is an open book. And he's made some products out of IT as well. So you can you can need is putting toe with you if you're interested in IT, but I don't think it's good.

How do you follow his review? You know I mean, like I just seems too hard.

You can have a job I mean, he's doing it's like he's got two jobs right now doing all the stuff. His bio markers are showing his ten years Younger than his actual biological age.

To look at some of these results, his his speed of aging, he says his birthday now happens every nine months. What the freeburg I mean freeburg do you look at what you think your science um from .

a science perspective? Any thoughts on this?

Well, I think his night time direction rate is pretty impressive, not three hours and eight minutes for a nights erection.

How how did does you reading you on vx all .

this slowly? He's really good, very slowly.

Wow, he's got a two hundred and forty pounds bench press and an eight hundred pound like press. Jesus.

he looks like he's dead though.

That's the only problem. Is gonna .

D J T online two, we will see you all next time.

your.

World, man.

We open sources to the fans and they .

just got crazy with.

Should all just get a room one big, huge.

Sexual tension to the fee.

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