Five assa classes, not Normally correlated, are all going to go up together, gold, bitcoin, socks, bonds and the bar. It's going to be a massive safe haven trade as europe collapses.
Tom longo, geopolitical analysts and mars expert, reveals what he thinks will happen as the euro continues to weaken due to political uncertainty and energy dependence threatening .
the world with nuclear war. That's kind of when you go nuclear and nothing else you can threaten people with, right? You're watching now, I think, is that throws of the people who really thought that they had everything button up.
And while europe struggles, tom shares his reasoning for an unpopular opinion on american interest rates.
Powers on to cut rates harder under trump t and he would have under kalari is I know that sounds backwards.
but is true post election analysis, geopolitical updates and timely financial predictions, this conversation will keep you fully in the loop at a time when you may need the most.
You've had a dynamic where .
money become freer than free.
Let me talk about a fed just gone that all all the central banks going not so it's all acting like safe haven. I believe that in a world where central bankers are tripping over themselves to divide their currency, bitcoin wins. In the world of fiat currencies, bitcoin is the Victor. I mean, that's part of the bowl case for bitcoin, if not any attention. You probably should be, probably should be, probably, should be.
probably to brave new world.
maybe.
maybe how we get. And rugged, ed, that's what I want to know. 那个 how we're getting rugged feels too good to be true。
Now, when I can you work on this one? This is what you're going to. You're watching now, I think, is the death throes of the people who you really thought that they had everything. But now I mean, the the last couple times we talk, marty, I was been, you know having to go through the scenarios where things could go wrong, right? And I think we did a lot of that.
And you know it's funny and I saw the the the the thing to you put out the other day of the of the exact one of the the last conversations we did and I was like, yeah, that was definitely where I was thinking. I don't know, I member we are but you know um that was one scenario and part of that scenario was still on the table like work here we're doing as what this is. November sixteen were twelve, fourteen and sixteen hours since, you know, somebody shot something that was supposed to the attack into russia, breaking red lions right with the russians.
But the russians have been responded yet. You know, I was talking with, despite this morning, about all these things, and he knows much more about the capabilities of all these web systems I will ever learn, because he, this is what he does with the spare time I play role, the workout, the decompress. And he reads about what U.
S. And russian weapons systems. And the reality is, I think if I underside this point correctly, is that the attack comes that we sent ukraine, that we know in country only have arranged one hundred miles, and these things shut off an effect of range of one hundred miles. And these things were pinpoint targeted, one hundred and forty.
So really, or were these storm shadows, or were these scales? Because we know that the bridge have sent those into ukraine. We know that the Operation and the incursion of the curse was design and Operated bus by the bridge, the goal being force that know, okay, let's take some martian territory um let's embarrass putin. Typical british uh position on neocon position, british position on this. And then at the moment when our bond markets, their bond markets, the british, the german start to break down, when the government started to come under serious attack, we get the german government, no one, behold, we get this thing happen over the over weekend where job is reported, which I don't believe to have blessed this. And then forty eight hours later, the missiles, five.
Two things I want I don't really that biden author than anything um and two i'm not completely comments that these were attacked comes so now the question is why would we allow why would russia and the united states both go through the process of um the shade of saying they were attackers and go on with the narrative well this just literally just popped into my head as as because as no do this I because hadn't framed IT in that with that question in mind right well let's think back to the I O twenty the I somebody shoot down over syria in twenty ninety. Supposedly, the story is that the israelis were in the area and the guys man in the syrian, as two hundred systems got confused between the israeli plane that they wanted to shoot and the russian plane, they hit the russian plane by mistake. That was a story now was a story that everybody was sold.
My good friend working for us at the time, writing for either his own he was writing he was not writing for psychology culture time is writing for um his own site. And now now the name of that side is i'm blanking on, but he went through chapter inverse, how that s two hundred could never have hit that I L twenty plane egan plain because IT was like two hundred hundred and sixty percent out of its range couldn't shoot that scrubs from the internet were reports that there were missile launches fired from french N. U.
K. Forgets in the area at the same time. So the conclusion we all drew in the alternative geopolitical space was that neti, ahoo, the russians and the americans and the syrians all took one on the chin in order to cover up british indoor french property, an attempt to start world war three via a ato.
Article five, in in location of some form, another. And if the you know that's what happened. So is this a kind of same thing that's happening today? I'm not saying this is true.
I am running a scenario for all the area check. That's what i'm doing and nothing more than nothing less. But we have present with these things. So IT would make sense that the russians would blame the americans for this.
And that would make sense for the americans to take the blame, because if the british were the ones that actually gave the ukrainians the Green, light and row elements of the american, either military or the intelligence services, gave help to this attack with the the satellite service, then the d confliction. Hot line is running really, really high right now and working overtime to stop all this. That's what i'm that sadly makes the most sense to me and let's ah so that's alright.
And airlines with one of the series we discussed the last time year around a couple months ago.
lead up to election. I think you laid .
up two scenario or IT. Maybe three, make IT too big to reg. Two scenario, make IT too big to reg, right? Um so there's no question which is exactly what happened. And the two scenario after that, if I wasn't too big to make the oneness was time up in lafite.
Try to take IT to the courts and have uh constitution step in and be like we're going to make sure that he doesn't get in too big to read. That's not possible. Fallback plan is well worthy. That seems like fall back.
fall back and fallback plan to the fourteen. The memory which Jamie asking has been talking about is nonsense to and action st um the other one of horses and if you look through I read a big tweet the other day about this IT was popping in to my hand and the oh when I done with the with the what they actually get here.
So we're were three, okay? Leave prop with the war that he can't get out of easily, which has been my theory for two years now. Like they don't kill him and he wins the election. Then you just leave him with a bunch of poison pills that he cant you know, you can't fix quickly that everybody wants him to fix that also, you know that also rims with history, with the very people who are involved in this particular thing. When you when you mix that with the the movements in the bond market, what I was talking about for my clients and news, max, this morning, it's pretty.
And I was just looking at the charge of Michael, how do you stop a meltdown in the long end of the melt up, in the long end of everybody's yelled curve? Because now trump's going to come to power, there is going to be a recession because know he's going to take an act. The government is going to be a lot of there's going to be a lot of turmoil.
And so the long end of the field curve should rise and yield in order to offset the risk of, you know, some political infighting and, you know, and all the rest of the fine, okay, and the potential for recession. Fine, I want, I want higher yells. And that has to be fought because if the U.
S. Field curve cells off, then everybody else is yellow. Her has to sell off because there's trillions of dollars of currency and interest rates swapping that are out there and and hedgers and and and all of IT that are tied to specific ranges of spreads between one sovereign bt in the other or one currency exchange rate for us to the other.
This this is just the practicality of living in this world, right? And that's not going to change. By the way, if bitcoin takes over, the dynamics or ever in all of these things will be big coin is supposed to the U. S.
Dollar, right? It's still gonna be the same processes going to be there. Just remind everybody that you know we're not you know that even the future world is still gona have some investors. So it's commit on everybody to bone up on these skills and bone up on this type of analysis in order to be able to be Better at trying to handy cap what's going on next. That's what i've been trying to do.
I know that's what you've been trying to do and you know and all so um so what a shock to find out that you know with the euro and the the pound last week breaking down heart here, the pound hit once twenty six. The euro hit below below one five just touch just briefly below one of five like IT was a big move down. Oil didn't move in Price.
Therefore, now now energy Prices, relatively speaking, are rising for the europeans. Even the oil Prices stay flat because of gus. The currency buys fewer barrels of oil um and then that translates into a deny for higher bond deal.
So if we have the U S. Gold curve selling off, then the german yellow curve should sell off and the U. K. Yield curve should sell off. And the french field curve in the italians and everybody is that is the way these things going to work.
Well, we get to the red lines of the german and tenure, or on two point four percent currently, is what Christian guard has been defending, and about four hundred percent on the U. K. Hill, ten year hill and alone. And we hold someone engineers a moment where money needs to go to ground and go to the deepest, most liquid markets in the world.
Are you the the same? The safe haven of safe haven assets in today's world for many, many financial players, maybe not the big quarters in the audience, maybe not the gold bugs in the audience, but certainly for pension funds. And the two are the two and twenty Carried interest guys in all of that, all of that world which doesn't deal in those assets.
That's fine. Those guys are going to move in the U. S. Tories like you are not doesn't ter everything. And like IT, that's the reality.
And so you can see that if you engineer rally in the U. S. Treasury, well, what does that also engineer a rally, an, or at least arrest the cell off in the U.
K. gt. The german burn the french, french pods with the name of french pods, you know, in btps and all the rest of IT. Interesting ly, japanese death keep selling off because japanese aren't defending that anymore because they need higher yields and they're not fighting higher yields.
They're just allowing the yield belong and their yellow curve to rise in stages, but they're not fighting a limit anymore there above their stated of one percent on the ten year. So um put all that together and that's where I think we are. And I think putin understands this.
I think I hope trump understands IT and now is a matter of everybody, you know keep in the hot lines open and keep in the lines of communications open till let real information flow to both sides. While those were twisting in the wind well, but those were, we were swimming ked as the time goes out. And then on twin and went like, as I mix metaphors like some mist, the concrete, but you say, you get.
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Maybe not that exactly what's going on, but is cognition that there is something going on and you should make a very strategic decision that can affect the outcome of all. This is the lead up to the announcement of the treasury's. Seems like that is a position that thinking very long and hard about and taking a lot of console around he should.
he should, the most important position in in this administration because ultimately, have i've been right about what i've been playing out about the fed and the treasury and you know the five between and on and all this up the end. I we all sold all that analysis, the taste. I don't care. I happened the big thing. I'm right.
But i'm also willing to admit that I may be wrong, right? But if I write about all that, that's our and that's our boundary condition for for the thought experiment then whose ever a treasury has to be a person willing to work with power, hand in love to deliver a monetary and fiscal policy that's aligned with the new incoming ministration. And we don't have and we don't have any more infighting.
We had infighting global stealin versus my argument, sobbin is power. Now we have got some consistent charge. So the treasury secretary can't be the global snake in the grass, which is what the top is arguing for.
And every at every turn that keep trying to throw these global, you know, the snakes in the garden into the mix. And so far, trumps, I think, done a very good job of resisting that. We can discuss secretary state, we can discuss some of those other people, but I don't think they are, do not remain to this face of the conversation.
We we can have that conversation no little later. If you want that, fine. I have a problem with that. But for right here, right now, if he makes the right decision of a treasury secretary, and i'll be honest with you, all of the people that have been floated don't seem have a lot of upside.
Like sky percent has A I think a percent right has a lot of upside because he knows where source as bodies are buried. I look at him and I say he could easily be jim watters, because Rogers, you are on a fund with with, with, with SaaS. And when he figured out what sorrow was.
he left. Yeah, that's a lot of people are fear mongers around scope cent due to a source connection. I actually know a few people in my network cool on the source fun, and they're completely techmeme ics opposed to his world view as well. So I think the idea of somebody worked at source fun in the past, who knows, they may relined with him in his view of the world. Some example of books you mention, jim Rogers, I know another, and they do not share the same world view.
right? And remember, and just because he worked for somebody doesn't mean you agree with them. IT was IT was a job opportunity. You could took IT. You work with IT and then you put IT on your resume.
And then one of other things, you know that kind of analysis of the he worked with this one, work with this one, he connects him. That's a world that doesn't allow for growth, forgiveness, nuance or anything else. It's just tracing connections. And IT doesn't really mean anything, right? Unless you have you know, if you digging in and find real me on those bones, it's it's analysis that doesn't it's a fact that doesn't have any significance or lots of facts in the world that are not really all that interesting. Lots of facts in the world that aren't interesting.
I have a fact for I have one hundred and forty board games is an interesting fact no, it's not no one gives a fuck like you know I mean I new shouldn't other than maybe that h times like insane that he knows one hundred and forty board games. okay. And maybe that college, your analysis of me, okay, maybe in that respect is interesting.
But anything beyond that you really should, you know, because this is what IT is like. Part of that I can do know whatever. We can draw whatever conclusions from that back you want, but IT doesn't isn't certain, germain, to the current conversation something with scope cent or the past jam modules like I don't i've never question gym mogas.
I it's very obvious i've met jam mostly. I've been in the room and it's very obvious that he's too much of the gentlemen to say what he actually thinks is your series that's simple, you see on space. Ah no.
when IT comes to percent too, I mean, we were talking others before we hit record. But appreciate what Howard lutnick is done for bitcoin as an advocate. But in terms of becoming treasury secretary, am happy, that is, in the commerce, had a commerce because I think treasury secretary needs somebody that comes out me like a brute, like just how to make money goes in. I think we need somebody very strategic. Yet when IT come to treasury secretary, particularly for running with your thesis, which is to becoming more true by the day, true by the day.
right? And am happy to be, i'm happy to have ve been right about IT, not because it's my ego, but do IT gives us some hope that maybe all this is going to work out. That's why I mean, all this is done about, but this is about if it's about anybody social with me is what my daughter okay, if you, you if you guys to know what my second motivation is to try and find like i'll like a rare hope in this world.
This because i'm trying to figure out how to navigate. You leave my world, my daughter or world doesn't suck OK. And you know, shi turned me, she's eighteen and in all the respect.
So that's where we are. And so I can see that about that. I actually be actually further your point. I agree with you completely. We need somebody a secretary.
They've callam ate this point when I was on with him and in je console timing, herry, but we can have right the election. And dave said he loved the idea, stand rock Miller, because jack Miller understands pluming. He understands the markets.
He's never lost money. I mean, relatively speaking, on an annual as spaces, man's never lost money. And he said, you know, this is very early in the conversation the friday after of the election.
And the scent has got dron's approval, saying exactly what column said about dor. So you know, i'm okay with that. That's what we we are gonna need a guy who understands way, way money actually flows through these accounts and through all of these channels. And then how the fed helps to manage that.
And if they're on the same page about how to change the flow of dollars around the world such that more dollars circle that are produced co circulate domestically as supposed to constant being sent out overseas to colonize the world, which is what we've been doing, if they're both on the same page, it's clear that's what powers been doing, and it's clear that yellow has been trying to do the opposite. If we have a treasury secretary who understands what powers s doing, how is doing IT and why is significant, this could all change very quickly. And the dollar index is responding to that.
And the the clear chart for anybody to watch is the dollar index chart. You know where we're threatening in november, break out of a two and half year band below one of six. Well, one of six five, we close one hundred and six sixty two on the dollar index on the end of this month.
Do work going to one twenty on the like, me in france is hungry. I know, decide to decide, know who was more right? Like, there going to be hilarious.
I think I know my friends as you can go with that. If you need to be right, more right than I am, that's important to you. You can go, you can go to those I don't like. I'm just i'm picking on Frances good is a friend i'd like. I like france is a big show many times um but you know um again I don't know, like I just I say and you know actually as well.
And one of the index will be a bad scene, okay, but there will be unnecessary bad scene for us to get through in order to get to the other side of this transition states are always messy, but it's a dollar index one point in and say, by the twenty twenty five is indicative of a transition state for one set of monetary parameters or one way of looking at the world to another state. And but it's like a chemical reaction, has to go through a transition state and the dollar and this thing of the dollar index at one twenty paying up brin Johnson more shake theory is is that necessary transition shape? Very broad kind of metaphor. Ms, for the laim and understand .
I mean with that mine too for running with scent or may have seen senor bill hagerty right floated as well. I I personally met center Hardy and not be honest, not sure about his knowledge in terms of the into workings of the plumbing which you described earlier but I do know he's is like he was tapped during terms last administration building need you in japan to get a fixed stuff you went did that and is on board um to to make sure that if there is a Mandate to change things in his test to do that, he will do I believe he will do what is necessary to get the job done with all that my when you factor in because we're running with the assumption because he has a bit announce whether its percent hag somebody like them. They get put in this position in factor in the terrorists, the tax policy doge, what did the mechanics look like if all that in place too get us through that transition ary period?
What the type, what that looks like? Yes, it's a good question and it's way of looking at IT. What I say is this um you are going to have that weird moment that mark on forms from morning us about for a long, long time where five asset classes are that not Normally correlated are all going to go together gold, bitcoin stocks, bonds and the door.
It's going to be a massive safe haven trade as europe collapses, the dog could go to one twenty or even one thirty because the euros in the collapse, fifty cents, the pound collapse of the eighty cents, okay, they again, you know began holds in the one fifty while the japanese divest themselves a lot of their dollar holdings in order to defend again, we get to another round of commodity cost of inflation because you're going to see um the following poles on to cut rates harder under trump and he would have under call. Haris, I know that sounds backwards, but it's not. But it's true, especially the dollar goes much.
The dollar was higher, just gonna a massive demand for dollars. And the blunt that rise, you cut credit more aggressively than you would have otherwise. IT also would then support.
A masses of cutting of domestic spending, which is gonna be definitioned. It's going to some terrorist that's going to deflagrations. Ary is going there. A lot of things are going to be deflationary.
There is going to be deregulation at the same time, which will be inflationary because it's going to put an upper demand on raw goods as the markets and unfun themselves we are is going to cut interest rates, which means that this credit is going to form more freely, which is going to be a little inflationary. So what pill's trying to do is what pal in the treasury have to manage here is how to baLance the deflationary forces of cutting some spending. Um the fed still continuing in the shrink baLance sheet, very important power still doing qt, by the way, while this is going on and cutting interest rates.
So we have got deflation, but you are cut in interest rates and then you can have commodity and that's going to unlock commodity demand as people start to try and best and buy things and do things because the lack of regulation, if the deck romiss one is is is serious of about what saying he has a Mandate to stop to stop all of this on constitutional regulatory massimo, that was put into effect under the chair on doctor. It's not oh, now we get to sue the government to get these cases of returned, though these cases are already been a judicael on constitutional. And all of this stuff is no avoid cafe rins did the clean area, all this stuff, every bit of IT.
And if they're serious about that to the disruption is, oh, where I can even describe the disruption, I can find them and I can't imagine IT okay. And I and I got a big imagine, right? So um yeah like IT could be big. So on the other side of that powers is going to have to accommodate this.
And if once have a non adversarial relationship with the treasury department of the president, well, the president is going, the president going to want lower interest rates because he's gona now he needs to fixed the entitled, the payout, the cost of the entitlement systems, right? And he need to fund that debt and fund the roll over the debt and everything else all interests rates moreover um and powerful should be able to give in that. Um doesn't mean he's going back to zero about these didn't go back to three percent, most to four.
Well on the rollover topic.
do you worry .
about that with the the last two cuts, despite the cuts along into the yellow curve has gone out.
They to get that on. I don't worry about IT too much because I don't think anybody y's going going to give the duration yet. O where you're going to see is panel cut short and cut to create a an upward to be sloping ill curve at current long and Prices because you're going to have it's gonna be sincere demand for the long end of the curve stile because it's still mand going be demand for the U.
S. Treasuries as collateral. okay. It's so gond in the system. And if europe mts down, money in the flow into the long into the yellow are because, well, you know who's who's not buying a revamping united states of four eight hundred percent, right? Yeah okay. So but if he cuts the short end of the year curve, then you wind up with you want up with the end of the court bar steeping the trade. If you don't get all long and sell off, what you get is a long and holes between four and half and five, my grand fifty basis points.
So but then the short end of the curve sobs down the three I think by the end of twenty twenty five, I think you know like the wear in such flocks that when I look at the way the um the way the the man curves for money, the futures curve for money are pricing. I keep saying they're misPriced over and over over again. I was right about this last year.
I said the pricing in seven rake cuts in twenty twenty five was dumb. When I get we don't get to get where three or four. I said three, we might get four.
Okay, I was off by one. So IT was not seven, were not three half percent. I, but the idea that power is gone to hold rates higher under a trumpet administration, cutting spending and cutting regulation.
This is the other thing I want to, I want to pop in the people's heads, a lot of hand ring out there about how we can cut. There's so much of the budget can be cut because it's all entitlement spending and defend spending and that whatever. And an interest rate and interest interest servicing the debt in interest planes.
So you can get a dollar out of medicare because cost of balloon out of control in the health care industry because the because you know the um because you we're getting every dollar worth of value out of the money we put in the medicare. correct? You really believe that you don't think that there's not fifty percent waste.
Am I talking about people actively defrauding medicare? I'm talking about the administration of medical care and the administration of health care costs at the hospital level based on all the regulations at the hospital have to deal with and the doctors have to deal with the billing into this and that and all that crap. That's what's causing the Prices that medicare has to pay out to the health care providers to keep them .
solve IT .
beholding to the insurance same thing, cut the insurance unities cut the cost of that IT IT cut the amount of money at cost to take medicare problem health care service, cut that by fifty percent. And all of the sudden medicare expenses are cut by fifty percent because to pay out and lower because you introduced, I don't know, something called the market back to health care providing, no, we can have that obama nationalized IT, like everyone who says we don't have, get private health care. This is full shit.
Is why, literally is why I stopped listening to certain people that now, twenty eight, twenty seventeen, twenty eight, twenty nine, twenty there is a code of us that were you know in the in the alternative geopolitical space would be like baron obama, peasants AR the saker those good and I remember during covet berner muna obama who whose by the way, former german intelligence um going on this epic rant about how at the beginning of covet the united states was fucked because its private health care system will not be able to deal with the and he and he was doing this with an isolate shodden for IT as well, by the way so the tone was unbelievably dismissive an and so the private health care system and says will not be able to deal with this kind of thing, won't be able to coordinate ata, won't be able to able the fuck you talking about you. We have a more we have a more nationalized health care system than you do in germany or do not know anything about how medical character is delivered at the insurance level in america. The only people getting medical care in the united states are the people are not ensure during using counter service.
Everybody else is just feeding the billing machine. I'm on the same boat. I haven't.
Bt, I refused to buy an obama years old. I don't felt okay. I refused.
I have a country here sort of something gains. Well, that takes care of me and my family. Then are we? You are.
We are we do a highly reacting because I get, know, I want cancer tomorrow. Yeah, I am and at some point I will. I get a kind of of public policy yeah but i'm i'm going to wait until this.
I'm going way till this boys over this is going to a moment in the next two years where all that should it's gonna. And then you want to watch me, you pink my dollars on the table and by the and by the freking policy. Yeah, but there's so much that can actually we cut. If you just start to think about the mechanisms by which we spend the money, we spend the money badly. It's like the defense, like defense department.
Badly is underselling IT. It's yes.
I mean, badly is underselling IT like, i'm new yorker. I'm an new yorker. I tried to say, I tried to say, I say to say, sell badly with with, you know, with emphasis, right order.
I get IT across you. It's horrific. How does that a Better word? You know.
catrock hic, more descriptive.
Get gargantuan.
Not an tear point about the veg. I mean, elan was even signaling this for you who is being interviewed on or by. But he said they said, like you're going to go cut all the spending and like, yeah, we're going to cut a bunch of programs. Maybe we will find out that some programs were actually necessary, will bring them back, but it's going to be trial and arrow where you just you know there's a gargan anhui problem in a lot to speak, you just start cutting and things that were actually valuable will prove to be valuable reta respect. He was bringing back that the best.
I don't think that's .
a terrible strategy.
No, I don't think is a terrible strain at all because the the idea that we should absolutely assume everything again, assume that everything we're currently spending on is a net good, right? That by definition, everything we're currently doing is good. This is always the way frame we are doing x because x is good. And that if you take ten percent of bags away, then were cutting ten percent of good bullshit, like we know that all I right. So the same thing with the defense department, can we not think that we can get the same level of service at of the tense department for half the money, half money.
I think ten percent of the money?
Again, i'm just trying i'm actually trying to soft the fifty percent cut. I know it's ninety percent, marty. I know all this is bullshit, but i'm saying is even when you go to present that to somebody who's unconvinced, ed going with fifty percent, give them a number that they can wrap their brain around.
And then when you say, oh, you look, we have to twenty percent of the fence budget. We're we're getting Better weapons systems then we did before we're getting Better value for money. Maybe we can find another fifty percent and we just keep doing the parade thing.
Fifty percent, fifty percent, fifty percent of the we can finally get get down to a number that doesn't suck and we can fund with terms and excise taxes, which is the way we should be going. And by the way, everybody talking about the let's cared to the income tax, yes, let's Carried to the income tax. It's expensive. The tax vote is horrible, all of that self.
But we don't replace a lot of that. And waiting about this morning.
we're prety passion. So we do not replace replace the ship with of that fuck that. That's forging european command, terrorized even without an income tax, even if you were appealed the sixty, the memo, you'll never get to this congress.
And anyway, so IT doesn't even matter. And this, in the last I checked, this more than fifteen states without voter I A, and you need three, three quarters of the states to sign up on this. And no, that will never happen.
Um so the vat is terrible just in conception. We can like if the government provides a service that you like, I don't my pain, gasoline excise taxes, the state ford and I pay out because they build roads with that. They maintain the roads.
Those, those are a good shape. They constantly expand the the infrastructure with IT. They do good things with that money.
I mean, is a Better way of doing IT. Maybe the hard coral libitum ans are right, is a slightly Better way of doing IT fine. But as of right now, I don't need a state income tax to do IT.
We were in the whole state of fa with a massive surplus and can send most kids in in most a students in fora coming in high school on a on the three quarters of full ride to a state institution over and we start the surplus, billions of dollars from property taxes, excise taxes and and and sales tax said, like i'm OK with, you know, that is sold you as a sales tax. It's not a sales tax because IT hits every struction and it's every stage of the structure. Productions is a sales tax, by the way, which also bothers to crap at me.
Only be only be exercise taxes on finish goods at the point of consumer demand. And everything else is nonsense. We already have a seven percent that seven, sixty eight percent that depending on in the country cause sales tax.
And by the way, it's enough. It's more than enough. So sorry, they don't need more than that.
Yeah, excise taxes all the way to go. If we have, we have to fund the government. We have to have a government again.
You know, i'm leaving the hard core, you know, libertarians in the last year, the cl libertarians in the just talking philos, i'm talking pregnant. Sm, we have that the government has to do something. We wanted to do things. We should pay court, we should know the court to church fees for their services. You know you go to court and you pay the fees for the judges time and for the clerks time for the business and OK funding, we pay some fees like you provide a service you you know you want you board a piece property and you want the the government to um be the record keeper of who owns what property and and all that. Fine, great.
What are the dog stamps cost? I have not know every time I buy a piece property or solar piece property because I I do all of this my life, I bug you my life this this is the rare occasion where I like, get angry or you want to buy a car, right? Dog stamps and all that stuff for the registration.
What do I have? Shit, it's on the box ago. Like to register my car. The that is a data base and an infrastructure in place that if someone skills my car, that I can prove that is my car because I had the time to win.
That's what one hundred and fifty dollars to me and I don't give a shit that the free market can do over one hundred and ten. I mean, yeah I mean, i'd like to get to the point where our society is so efficient and so unregulated that we have that conversation. Yeah, it's cut another .
forty books of this. We're not there, right?
Is not unnecessary. I wouldn't be great to live in that world. Peter sage on on this afternoon was literally screaming about, oh, by the way, and lovely, lovely man, I love Peter.
I did a pocket with a couple months of time with the person, lovely man, and saying, we spent five hundred and forty six billion dollars year preparing our taxes. And that's just the tax. That's just the cost of tax preparation. That's not the unseen cost. Harry has like economics in one lesson.
Harry has not like saying, of all the unseen costs that go into preparing those returns, all of the people, the compliance officers, the tax officers, the accountants at the companies, again, all the time you have to spend of your your superpower having a get allega proceed together at the end of year to organize and put them in. This breed can send them over to the account to bless. And all they do is they take your numbers anyway.
By the way, you have to still do all the like work. They just packages in such ways as they make sure that the forms are filled up properly that you and that they're going to sign off and the numbers you gave them as being true correct to the level that you gave them. If you didn't give them the right numbers, your count doesn't your counts on look for that. I mean, that's just the way IT is and that's a that's a terrible system. That's all hours lost where I or you or anybody else yeah I could rent to a microphone and next two hours a week if I didn't have to spend one .
hundred hours preparing my tax company on a bit kind standard.
Or how about the local tire guy right, or the local restaurant tour, right, having to manage all the receipts and the this and the that, all the accounting and the small box accounting and everything else just to make sure that he's track all of these numbers so that he can pay the government the right amount of money on envelope day to make sure is not like. And i'm now making a sabina's reference. That's what this is. And i'll i'll be honest with you when you think about IT. That means that the time not spent serving food, fixing people's cars, serving their land.
whatever family.
anytime with your family, any other. But i'm just talking about the vote economic. Just just the first order effect is that, that time not spent that I don't that I can't spend on my business and that then lines of being time I take away from my family, stay away from my community and I don't have time on the weekends to go clean up the local park or or be this kid soccer coach or stuff. We're all spending our extra time preparing of fucking taxes. It's a big broken window, false read, large, and it's so simple and it's disgusting and it's horrific and dum and we should stop fucking doing IT.
I completely agree. And I mean, because that's probably .
I two trained dollars with .
the GDP easily .
because all these people are not doing what they are, have a compared to vantage doing. They are doing work. I'm a bad tax prepare, but i'm an excEllent geopolitical analyst.
So I don't spend an extra two hours a week or whatever IT is doing the shit that i'm really good at get paid for IT. Meanwhile, i'm running around collecting receipts and and having to be a bookkeeper. I'm terrible that.
So do you think i'm going to do that? Well, no, i'm IT IT IT could take a person with good skills in that fifty hours to prepare my taxes. But IT costs me one hundred.
You're not, you know, it's funny. I went on this round and some guy came back to me, well, how do you measure that? The gun seen something.
Don't more on. You can't measure something. I didn't happen.
You figure out after you get all that out the way. And then ago, look at the economic productivity.
Then what happens is when you cut the taxes, you find out that when you cut the taxes, when you cut the irs, when you cut the regulation of the sudden, all these projections well as going to cost us GDP. And and that turns out it's two or it's one or as opposed we're cutting GDP by ten percent, GDP expanded by three percent. And all the economists and all the academics are shock, shock.
I said that this happened, oh my god, because you're in and you don't understand secondary, tertiary ordinary effects. So as I said that this guy back, like if if you are asking me to measure something that didn't happen, you're either a, an idiot. B, A, A shell for needs and enabled of these, or see an academic, or or dig all of the above. I happened to go with mostly idiot. But, you know, bea.
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IT seems again, even hit record is how we get right. When we record how we're getting rug. But in factor, everything is happening right now. Letters que today, commerce secretary, right before we went live. Doctor oz, head of medicare, medicare.
Chris, right? I mean, this is this one hits close to because i've had Chris on the podcast before years ago and what he did, liberty energy like, he is incredibly impressive, C, E, O and the oil gas sector. And IT seems like he's being put that position to revamp loyal gas sector.
Treasury secretary known yet. But there's some good names in the mix obviously, to ark unior. Vivek elan like this does seem like somewhat of a dream team to actually go out and affect this change.
With that mind, we've talked a lot about the benefits this could have in the U. S. Economy, a cow, the european bridge side of the fence. Reacting to this badly.
they're trying to show .
where three yeah 不, 我的 IT doesn't。 I don't think, I don't think anybody y's buying and I think everybody saw the announcement and the launches go after I get fuck you, let's wait sixty days and get the adults in the room and this blow over and then IT seems like trumps also positioning to the east china specifically, like doesn't want to ban tiktok anymore, is essentially come on signal taiwan figure IT IT out yourself, like, are not to lose american life over taiwan, right? And then you have, no.
this is actually non neocon foreign policies they setting up, even though are there a lot of the people that and say trump was very smart how we handle the over in the window, if you the first thing he did, he was he announced all of the process, rai members of the cat, the foregone policies at th Epace a nd e verybody a nd a ny t hat a ll t he p opulate f or f orty e ight h ours. Then he, then he hit us with gabe to DNA gates for ag, which is by far my favorite.
Let's see you before. When you finish, we will do that later.
But R, F, K, and all of these other ones, right? All of these other very good appoints and cars a surgeon general right?
Um so but he did that is like first it's those guys, the market, rubio's and the and even heck that like I look at some of these people, those even those appointments those appointments are all in the foreign icy front outside of the poise real stuff is all about he said is is qualified his his resume is stocked to the gills with making the military so it's it's ani. It's completely anti roke in that respect. That's what his job is going to be a secure ff. More anything else to lsi a DNA rack livin CIA. That's a powerful combination.
Tl is going to oversee all of these people, and we're going to have somebody trump trusts who is conscientious, ous and wise beyond her ears in that position to coordinate and filter for the president and give the president and and one of the things that's interesting about trump, I I I want to um was that was that I wasn't listen to somebody talk about this and I don't know that that was gathered maybe I was gamboled SHE was talking about this when toy said was that of the IT no IT wasn't IT was somebody who's been in the room with three different presidents. I know like i've been in the room with bush, in the room with obama and in the room with and of the three of them, trump is the only one to ask pointed questions, to be engaged, to set the agenda back, to ask for more information. Everybody else know how to turn who you eventually fired out what bush wanted and gave him him exactly what he wanted saying with.
Obama gave what he wanted. Trump got information, assess that information, thought about IT, ask questions, drove down and then demanded more information. And that completely destroyed the narrative that trump is is interested. And he just just around to watch as boxes and drinks, drinks like a coke all day and and then tweet, just drop. So you have if that's the real Donald trump in the White house having to sea board on the other end of that conversation, that's a different world than what we've had.
So gabbard is going to and the F I director is also going be very, very resting um appointment but we can get there and to the augurs for reasons um ah we Chris ay doesn't get move out until after the new administration comes in, apparently for whatever reason. I think it's um the way the appointment works. So she's going to lift the pressure of the junior analysts and all and all the intelligence services and and say, oh no, the president wants this information and the guys have been toiling away and the balls of quanto writing reports that they can't send up the chain command because nobody about about them in the chain of command wants to pass that information up because it's contrary to what the president wants to see or what the national security council wants to see.
So they never get there. And all those guys all the way up blind all want to get their promotions. So their promotions are dependent on ensuring that the right information makes up this.
No, that's the way the bureaucracy works because is top down pressure saying give us what we ask for, not what we need. What if that changes? And it's no, no, no, no, we really want that information now.
Now all the sudden those voice of skies at the bowls of langly are going to have a what you're going to have a going have a conto IT. This is something I talk a Larry Johnson about because Larry is literally experiences for hand. And um have a couple of conversation with die about this.
So was on he showed the other day and I he was on my part cast eight month ago. We talked him about this up. So that's a very empower is a very empowering thing.
And I think that that's what's important to understand in terms of the foreign policy thing. Truman is going to set the form policy here. okay.
I don't worry about marker rubio at this point because mark rubio was clearly a signal that we're changing our focus from asia and the middle in europe to an america. That's why ruby was picked extensive. And I don't i'm not saying our policy and amErica is going to be good and just it's going to be the focus .
cartels ticul maybe like the .
language is got a lot of respect within the community. He's got a lot of context. I mean, mark rubio has a resume. We all like the car going to cartoon fy him up as like, you know I don't know cuban mccan, but he's not kay. He's not good, I mean, but he's it's Better.
I would actually prefer him a secretary state because now we asked to perform and he could be fired, could not be fired, a senator. And now we get the filter to somebody into, you know, the other four, the senate seat, who we can trust. That's not quickly.
That doesn't have what I like to call a minal envelope question. And mq, that you know of the charts because bill marco has a big middle envelope, a pile on his desk, who wants, you know, who owns him? So removed him from the senate, where his vote can be no.
Manipulated and put him in secretary state under a direct chain of command from trump to from trump to him. And with getting information from gb, bored and gamboled working against anything he tries to sort into the process that mean like he can, he can now temper foggy about him. And do you think averts simply .
going to be a can do IT filter for information? You think structural change will come?
I think the structure change DNA is not really not really a structural position. It's really a traffic p amonges. All the intelligence agencies. It's also warning a twenty year old position. We created that position after nine eleven to coordinate all the different.
It's not like with one of these things like the department education, we never we always had a department of education and we didn't IT was created with their minards administration like like fucked off the same day with the homine. Security is another one of these agencies that does nothing and costs us a lot of money or does very little for the amount of money for the the cost benefit. And else I add best, what i'll says is the cost benefit analysis on dh is very poor. Is that way this obviously like structure .
reform quickly the intelligence in the deal jail that is that comes back to gates, which where you let the people out yeah you want the .
pit all there like um you know mac gates I must came out with a brilliant tweet about my gaze down of sight out. I don't think you said the bad case of three qualities that make him most qualified person for being uh for being a uh eternity channel.
I don't remember those three things are basically he's not corrupt, he he's a he he's an absolute bulldog and he won't you know he won't anything go and you know and stints as how and now it's uncompromising now for there was something else to england had three points. It's a famous tweet. It's got boring and it's typically on tweet.
It's like got six eight million views already. Um he said that makes them supremely qualified to be an eternal general now that he becomes a very interesting political football because again, we're now in deep into the balls of four the politics dr. White and I did a an epo de of my podcast last week going over a lot of this in detail.
Us you know we're two four dies and an index or has a uh uh a nearly in psychology tec knowledge of a foret politics going back for most of our lives because he's a native florian and you know was always politically much more suit when we were Younger than when I had hair. So you know he's always known this this stuff so this for him is is this is where his you know his specific acknowledge is really good. His argument is okay if the senate sends the ground on gates IT doesn't allow on B A G um then with rubio in a state then to send the systems around in a gates.
Is rubio replacement the senate that's still win because now we replaced marker rubio with neck is one less wishy republican, one rabbit republican or trip on in the senate representing one of the most important states in the union, the third most important state in the union. Um and then the ag position dexter argument would be that he runs around and says, okay, not wrong on the scientist because this too much bad body between them anyway and the same is this job here and and four is finished. It's um actually moody.
The current for the attorney general under the satis and she's a bulldog as well and you put her in. And then maybe there's a good procol in twenty sex or twenty seven, you know them at the mid terms where you do a you do a mid term reshuffling at the cabin. And maybe by then the sentence and trump of you know buried the hazard of whatever the the sanus could thought in the A J.
And that would be exod. You know, I mean, you need some, you need these people to come in and just be and just rattled everyones cages. Because if in total, if you look at this cabinet, cabinet is really designed to take on the domestic corruption and root IT out and start reversing the process. It's really not about setting up fights with the legislature, which gonna fight trump, th and claw anyway, because the democrats is still cheating to create a less durable advantage, both houses of the legislature. So the thing to do is to not worry about that.
I just say pass a got dam budget and leave me alone and fight to ourselves I don't care um and then this cabinet gets all the winds let the people want which then paves away for a mitterrand weep right? But retires when the gram is either primary out or removed because he's up in twenty seven as well. So um a variety others merci don't to cheat to mechanics up in twenty seven.
And I don't merci Collins the typical ones marcoy Collins gram and you know the that group, you get rid of all that mcconnell, get rid of them. And then soon, right, I sent majority later. I think they're all up in twenty seven and that's a lot of seats, a lot to change our and you could get you could force a lot of retirements to could force a lot of people to this be given the the option of the gold watch and not jail, then I think a lot of people are going to be doing that.
Calculus wants the cabin, the set and trust trump kin use a research appointments if you want. I wanna give IT to tough shit or there's i'm going to read something about the vacancy caused again. This is why I love my friend dextra White.
He is so good on you. You find this rock quick. We've been going back and forth about like I have this really score back to my text because it's been that it's spent that heavy a day but let's talk about yeah because .
this suit came up within the last week can spend used once before is correct yeah .
the vacations cause yes, I miss IT was IT already in here for my site. God, so many text today. Oh, if you read article two, section three carefully, IT is clear that the president has the power to adjourn congress to such time as he saw think proper, which ultimately means.
Yeah that he can appoint then he goes and then as the federal vacancies reform act of one thousand nine hundred and twenty eight. So they can use and this is going to factor not only the gates appointment world will be likely now that he is a point of is going to be how trump puts people where he wants by using the the vacancies act to one hundred and ninety eight. It's their rules.
And when this set to happen after the inauguration.
you can know this would happen during the research. You can just drain congress and then use the vacancies act to push people in the position and and then he can not rejane congress until such time as he's as he's comfortable with what he wants. He does not have to region congress.
I can only imagine the the screeching from the main street corp. Press about the dictatorship.
Oh my god, i'm now calling them the undead pressed, by the way, not even the legacy press, the or that the undead press, they are really are being sold over parts. I was wondering the other day while I I found the spare canner under the counter, make a bit for M S N B C when they put IT up for sale. Well, I mean, that mean, with R, F, K getting in.
like if he's if we do the one thing that ninety percent of other countries do, which is not the farmer companies advertise, that's a big hit.
a big IT big hit. You know, I love the fact, and that would get democrat out there like making a big stink on tiktok that are going to drink sea oil because they're so healthy. I'm like, great, you know, shake yourself to death. I just make sure you feel that one, two, okay.
Where are where are the land mines here? Or does this get up? Talk about world, world three? Is that, is that the last card in the hand that they can pull?
I think that I mean, threatening the world in the world war, that kind of we want to go nuclear and nothing else. You can go, you can back, you can, you can threaten people with, right? So I don't know.
I mean, there are landlines here, but. Again, as as you want I talked about over the last two years. Wall street and the server is ring obviously at the dear day.
I think everybody sees that now, right? I mean, everybody sees IT. They're clearly in charge. They're clearly be setting the agenda because if not, we would have already gone off half cock liked rambo without the trap like we would have, but we didn't.
We have IT and so and and the russians haven't gone off half cock, you know. And this just feels like it's one of those things. We are right to distrust the calm in the quiet.
I saw john Brandon up on M. S. Bc the other day, so he poked his head out thinking that he's got something to place the land mines here. I think we're gonna. They're going to try and they're going to try for civil war still as well, like they're still counting ballots in all these swing states.
They are trying to, you know run with the mean that trump didn't get fifty percent of the vote and therefore his own minority president and he's not a legitimate and this is to give the ship lives the the dopamine hit that there's still a chance that they're going to become the resistance and and all of that Gavin new son started floating the idea of california proceeding. And they quickly back down on that, like they keep playing these cards and they keep landing like a LED zapp you anything and which is why how is that one got a name? Do do you know that thing? Yeah yeah so hey, man, not everybody does.
It's a great story. So um they keep landing badly like no one's listening to him. No one cares. Everybody like trumps the president live with IT and move on. It's like you told us to live with IT and move on last year, four years ago. But what he's doing here, what he's setting up now, and what is incredibly important is that we get some kind of national election reform for national elections. But if you look in austria, trump and company are being very smart about what stories they are planting into the bike.
The fact we can't recall senators and rice, like why can't we recall the shift back senators? Oh, but this is this thing called the seventeen amendment, where the state ledge, we took the power away in the state legislators to a points senators, and gave IT to the people as make IT get another big for house of the people. Now that is, was a very unbalancing thing.
Our government, our government was designed around a different structure. The states had representatives in the senate that people had their representatives in the house representative, the executive branch. So they had a big camera legislature or two different groups being represented. We don't have that.
We have the senators running in statewide elections who now represent corporate obvious and foreign tors because that the ones to pay, as opposed to the state legislators, said the state legislature, which will look at the stuff going you're not working in our best interest. You're going home and, uh, you get to manage daily queen, you know, in destine, sorry, you're not senator anymore. Over that .
seems way more efficient. I never knew that about seventeen moment.
Yes, seven, the kill, the seventy in the, is part of that what I called the. So if we had the original american revolution, then the second one was the failed second american revolution. Well, I would argue, could actually, depending on whether you think the union should have one or the south was right, depending on is still the second american revolution.
The third was nineteen and thirteen income tax direct election senators. That was, are back then. The fourth one was, I was a two weeks ago, or was IT twenty sixteen one trump twenty seventeen when trump nominated panel and we started the monetary independence of the guide states, which we've never had before. Yeah.
yeah. Bulch has falling on death fears. I mean, just look at, cannot know if you watched, you have sea fights on, but IT wasn't only john jone is the one getting .
all .
all the clicks on twitter. But every fighter, every american fighter, even if they lost, when up to him, shook the hand.
no, I did. I didn't watch. I didn't watch the fights. I was I, I, one of the, one of my patience where I play, work, work with.
He spent the evening watching things with the Young, his Young son, and and he came back in later on. I don't, I don't. I don't generally watch the fight anymore.
And I I I wasn't going to watch anything on that anyway. I I want give the money. I have more behaved .
network that's that I don't watch that.
I know I don't watch you. I anyone wants to send the company anymore, like I don't have time. It's really I mean, when I wanted that, when I want downtime, I especially when I watch hockey, I get so emotionally investing in like I do G O politics and markets and everything else.
I me i'm just is fregate rabid watching n hl. Then I am going to do this. Should and I I need when I jack out of this world, marty, you know, I don't smoke these like with a death grab.
My god, just i'm just going to sit right a little while another way, because before then I was, I was the worse. I would sit down to reaction and watch television. And of course, I would watch only shit that was like filling my brain with with stories that I could use to to.
I still working when I play world, the workflow. Ft, I am not working. I am killing pixel for love and money and that's at all of there IT. I'm hanging out with my daughter and a couple of my patrons, a couple of her friends and we're run in five minds and we're faced on a bunch cid dungeons are haven't a blast yeah and that's IT all the point.
Like sports is a good lens on to where this I is and I think this egis combination what you're seeing out of like sports forever as the athlete feeling involved into publicly support trump. Um and I tweet this out last week, but the fact you put tolls in arf k and I think that's going to go a long way. Going back to your point about like civil war, like there were those whether you want to call them right wing hippies or centrally anti war health conscious liberals who came over to the trump ticket because of tosi in our case specifically like they going to go to bed for him .
and they and I tell you something else is happening. Um I told the story before but I have a friend down again will um and um and one of the things that he does make make us meet is he substitute teachers in a kind of school system is like, dude, all the kids are coming to school wear nega hats after the election like it's like the veil was lifted and you know into a active county school system which is is broken blue at the counting as you have in fra, like IT gets blue or every year every election over sixty two, thirty eight now in this last six, sixty, thirty, thirty seven or whatever, it's almost as blue is powered.
Brown ward is a percentage wise I think only teller has only leon. Counting is worse, right? But population, obviously the biggest concentration of of of libs in a in far the slow brow counting by populations like one point million people first is a couple hundred grand for counting. But you get out, I mean, but the kids are walking around the actual county schools where maga hat IT feels.
I mean, again, i'm like a like IT feels like a way has been lifted off of all the sensible people in the country. And they see a path forward towards relative freedom, the way to interact, the like. There's a true optimism and the color shit we can have another run is on.
yeah we we have an opportunity here. Boat, the boat heard round the world. I mean, IT IT cause the collapse of the german government did it's going to have the the world was asking us to lead, I really believe that was asking the american people to lead, like we can do this without your help.
The russians have bled on there at on their corner of the world to know the geopolitically, to push back against the hedging, which was the right thing for them to do, to start breaking apart all and breaking apart all these old narrative and all these these old relationships, and force them into the open for people to have to defend, right? That's really what, that's really what putin done, you know, brags, IT. You was the was the first state of IT was the first sign of IT then trump s.
Election in twenty sixteen. Obviously the empire struck, struck back. I mean, I hate, no, i'm cute star wars guy, but i'm not not crazy about this. You star wars, the empire strikes back, return to the ji, not a big fan of it's cute or the return the king you're going for you to use the two towers reference, a talk king reference, right? The point being is that.
You know, things had progressed to the point where they were really untenable for lot of people and for us to give to deliver this result to the world and say, look, we're going to fix our house. And by us fixing our house and by us pulling back on the pressure that we're exerting on the rest of the world, that's gona give you an opportunity to rise up and do the things put your put put pressure from the top, from the bottom up where you are. And you know the I love the reactions that i'm seeing out the german government, but we can have to go for snap elections.
We're gonna an F D. You and not, you know, for White, you know, for a couple of trumped up for some trump ed up bullshit about three guys from saxony who were separates offered anyway like you kidding needs like the twelve it's like the twelve neo nai spook s that were the march and anders um columb's ohio the other. The day I like, really you think those guys are real, you think, okay, I I mean can be a break. It's so pathetic at this point, the point we in the U.
K. Two with those this farmer wealth tax that they just try to they're trying to let me and people standing up if he feels like from a far just from the english people that I follow on twitter, like they're fed up and they seem in bolden by what's happened here. They're like, look what they are doing in the U. S. And for the first time.
right in the same way that we were in bolden, when brags IT went through, mean, you know, I got to tell you, I I think breaks IT had a huge effect on uh on on the on the election at twenty sixteen and I think, you know, I think nine of rush was was a force fur was a force for trump like people, you know, a people on on the non come in the side of the air.
What the brakes on one yeah the u sucks like and that's that and you and the idea that we you know that all the uneducated, no mouth but was voted for trump and all the IT wise association college graduates voted for kal aris. That shit does not play like the way you turn that around. The way in the way people are turn ning around is going oh really well.
You know, if if if only colors graduates voted, the hundred would have one blue. yes. Well, that tell of me is that we definitely to do the department .
of education of where I get IT out. Oh.
really okay, that's all that's telling me. I don't know. I know what that tells you, but that's what tells me.
Um and again, it's a Green and an amplified Y A certain value. This is what you have to do with people. And you know and I know okay, we know obviously i'm okay. That's my own stick is like, you know figure out the way to you in my own way.
Pica, great me more, but when I see a great name, you know, I up with sun, everyone, once in a while, the true member is out there are just, I mean, their next level. I mean, they really are and they are and they have done such a great work to into, as dave column put of the gether day to us to keep our spirits up during the dark times. They were the, they were the guys in the fox all saying, note, we're going to get through this.
No, keep left. And we're we're going to get through this. The bombs are going to stop falling.
At some point. We're going to. I like they kept moral up. They were the chaplains, or whatever you, what have they? Whatever role you want to put them in, in, in the metaphor that matter. I think that IT was a valuable, viable service that they performed along with the people like stop press are going out and like just doing goole fashion grassroots sign on people up and get them to the them to the ballot box. Um you know that just that ship wins and um and it's it's it's it's awesome to see it's awesome to see people of high country anxious ness and we know these memories are are driven by conscientiousness you know big five dollars of personality like they may all be anti social, but they're also conscientious and that's how they Operate they Operate that's how that's how those those two pillars, like no and I mean, express themselves.
shut out to the four and more priest. I mean, they got trump in twenty sixteen. And this is another thing to do about, i'm sure, those people on the fence that intuitively feel that this is the good outcome for the country.
Then go back to the memories in what we're having. The discussion is just commodores are out of discussion. I haven't heard anybody say her name.
And in two weeks now, going back to joe at press conference, that will be forgotten by new year s eve. And what does that say to you? Trump t one, twenty sixteen lost twenty twenty IT is more popular than ever.
Now, like, what do the people actually want? And like, do you think think could you first see, uh, a resurgent in further around kalo happening at any point in the future? No.
no, not at all. I mean, she's to mean, do she's? No, she's not even yona heart anymore, right? I mean, he is not.
You know, I mean, the only people who would be who be excited to see at this point, I i'll be honest with you. Somebody said that to me together day, SHE looked relieved. If not.
then get the picture of her with her sister, whatever their needs. But the fact, glass White wine I was going to say happy for it's like you look, you believe .
like this is over now I can I can go I can this is over and know look and maybe just maybe you know this was the thing again, like everything else, when you you know you find out who people really are, when they um when they are given the opportunity to know realize power um we look at kala Harris eight tell you but you know he wanted the brass room or the gold room SHE wanted IT SHE can get IT and now he can move on with her life people I told her avert on the other hand, we're offered all the power in the world.
On earth, SHE just took all the boxes and you walk away from power multiple times and that's powerful. And that stories is powerful. And the level of authenticity on despite there, you know, if you are not if you still think that there's something you something to that picture of her on the you with Young leader's website, you know, sorry, is you're missing IT.
That's a cope like the woman is who he is and that's the face of the future SHE jay Evans, who goes out the other viable amount of self of facebook. This one thing that is really impressed me about advanced not sure i'm sold advances in every way, right? I'm going to be Frank and honest but the one thing I really like about that is that he's self facing.
He looks to themselves because ah I got a lot of false. Yeah, I made on the mistakes in my life. Yeah, i'm not.
No, i'm not this. I'm not that he's not doing. He's not. These people are not going out there. Him, R, F, K, healthy.
Other people trump not going out there with the typical um political uh Operative training media training, the typical media. And I i've got a little of this as a news matter editor at news max. When the first things I learned I was I was told to do this is the way you write a news letter.
You lead, you never show weakness. And when you make a mistake, you just say many mistake we're moving on, I could and is the way you politicians are trained to act. They are trained to act like never show weakness.
You're in charge, your your component, you know bubble you lead, you know even if you're not even if you're in a esset fox in that respect is almost kind of a faker to you make IT kind of think it's not not really what they were saying. But I was this is the way you have to present yourself if you want to retain yours. This is how this is how the thing is on my you have to buy that. I'm going to hedge my position.
I'm going to throughout thought um i'm throughout thought number and I ran in to a lot of trouble with my first edit of the news, max over this because SHE didn't like the tone and am I oh well, I like her personally and he did a find job of of of editing the nezivisimaya still friends but I couldn't work with because SHE had a conception of what I was supposed to do, how this was supposed to be written. I was supposed what my image was supposed to be to manage. And we have a lot of, and all of our politicians to do this, and all of our ceos do this.
And, you know, our, you know, and the media presenters and everybody, they do this and they don't come across this human because they never show witness. And that's a playground and a recipe for people who hate to show witness to feed the archaism and then use IT strategic. And we're seeing with this group of people is coming in right now.
We're all flat, terminally flag. We're going to our best. But you know, give us a chance. We're going to the we're going we going to trying to do the right thing as the bec was saying, like we're going cut, I think was you just so we're going to cut a bunch stuff.
And if we turns out that that thing that we cut was turns out to be vital, i'll put IT back in like you. No blame, no shame like this going. We're all flying by the seat of our pants.
Are nobody y's perfect? So don't know and know, you know, present yourself as perfect, then, you know, people will give me a way. And this comes across real, authentic.
Yeah, this is shining through in layers like not only the individuals, but the way in which they won the election. They go the podcast out, racing the long format media in being vulnerable in having conversations with people outside the mainstream media who approach conversations very differently and will take you two areas that you're not used to but .
you're force to yeah your force .
act authentically. What is connecting with people's authentically? We live in an age of authenticity because we swimming and information and we have.
we live in an age screaming for authenticity. And an an absolute c of smart is like, this is literally when I wrote one of the first blogs I ever posted on my website called the authenticity gap, and I I refer back to IT over and over and over again because it's i'm how I knew. And IT was a crib of an azul a row for my newsletter, iter and news max, at the time in twenty sixteen.
So I wrote this thing in either middle of twenty seventeen, so twenty sixteen, and during the election time, and I said, trump is going to win the election because he's appealing to the millennial crowd that is dying for authenticity, you know, even though they don't know what authenticity may be. But there there a addiction to craft cocktails and farmed the two, farm the table, food choices and man escaping and all of this stuff, and, you know, and and final shirts and all the rest of all about lumberjack. Remember those a whole thing, if you look at and and I gave me a lot, I hope I said those guys are going to break for trump because that's what they want, because we've been living in the sea of smarm, of these fucking meditation and liars for so long.
I know we just want somebody real. We don't, if SHE to be as competent, we just want to know that this is who you actually are. And i'm telling you paying forward here. It's so very obvious.
That's why I you know mean, do I I do podcast with people I know authentic or I go back on the show when I ever had a long conversation with, did I know authentic? So hang out, I know your deal and that's why the conversations are good, you know and and that's why podcasting is the future of media, is why the undead media hasn't gotten me. That is why Chris walls will never you put out a good podcast.
He may enjoy a successful podcast because of his name for a brief period define. But IT won't an authentic podcast notice how Megan Kelly went from Megan Kelly of nbc news with that persona. Go back and watch Megan Kelly at the first debate with trump when he was the moderator.
Go watch those clips. Now watch Megan Kelly today completely. That's the real Megan Kelly. H that we see the day that one was a construction of media IT was a not a quote.
a clip of a morning jaw from M S N B C and they literally had a panel of um I think mick je scarper might have been the Youngest people on the panel talking about the problem of social media podcasting. All the lentils are doing these twenty second clips. They're not seeing our stuff.
And like we are seeing your stuff is just coming on clipsed on twitter and we're making fun of you. And like even they don't even understand that they are mischaracterize, that they think we're consuming our information in twenty second clips. That certainly happened to the extend. But most of the deep information, the sort of filtering that people manager are doing this via pocket.
Yes, I mean, people have a lot of time in their car. So why is why rush them? It's it's again, let's go back to A M radio.
Why was restaurant was so successful? Why did he Carry out? Why was he such a pioneer to give up rush about? I mean, I wasn't russia's biggest fan, as you know, what he really talked about on our our basis.
But what rush represented 的 was an immense。 He understood that there was a mense gap to be filled, unique selling proposition in in A M radio. And he revitalized the entire industry himself and provided a counterpoint to all the drowning on that we saw everywhere else and got news for your folks.
You know it's continue to pay dividends. And as the does that technology, you know, change that so that we can do effectively what used to be A M radio. And now we can do IT whatever format we want and and well, necessarily not any format we want, but we can do IT with their own personal takes. And people have the time with a stuck in their cars for an hour a half because of this terrible city planning that leaves people stranded on.
These are a half commutes, or wherever they go, big blocks of time to zone out, not talk to the person next to them on the train, or you know, they're stuck in their car by themselves as they ve got a podcast and they get a an hour or an hour and half of really good information. When I was, when I was, I have my own version of that pre quote on quite podcasting days. But when I was working in south ford, I, away from home, and I had to commute back and forth to my life, appear in north korea on the weekends. He was a three in hf, our trip.
What did I do? I loaded up my phone with all the gold, early gold. Now we were called in podcast, but all the old shows like gyp, aoa show and this one show and that one alcoa in, and all those guys, and hours upon hours upon hours of lectures from the business institute, I mean, hundreds of hours, including listening to human action and man economy estate and all that suffering us in the wall, in a car for three and hf hours.
And when I wasn't talking to my friend on the phone about what ray, we are going to want to world to workwk, when I got back to and I got back to store on sunday afternoon, like I was listening to these things, I was doing this five, seven hours a week. For five years. And then in my office and then in my lap, while I was work in running experiments, the ship was was all day long and literally was doing this step back into, you know, at the ad at the beginning of youtube.
You know, I remember when set on money and of first started his youtube channel because he is stopped writing for lc iraq well, and he started to youtube. I remember when he started there I heard IT. And as .
you're describing, I mean, that makes that we've had the A M radio of rushing ball very few days, like ipod R S S, like a generation into this format.
And you maybe this .
selection is a signal that like the time dilation between the introduction of the format and the overall fact that could have on societies is being played out right now. We had flashes of in twenty sixteen. And now, I mean, this is the first election where, I mean, podcast were a medium that that politicians actually realized that they had to to leverage.
And guess, I guess, he was the first one, the average as a campaign strategy. R, F, K, yeah, literally went out and said, i'm going to do every podcast. I, yeah, and i'm going to tell the people who I am and fortune and and others have been.
Other people like gabbert was very smart and being twenty, twenty, twenty and twenty twenty four, SHE embraced IT. You know, SHE made herself available. SHE isn't have anything else to me.
What was, what was he really doing right? Was was no longer a congress woman. SHE got the, got the commentator here there on box news. But you know that what he do, he wanted enjoy rogan's A A thousand times, three or four times whatever.
IT was built a relationship with him, built a relationship with this one to the point where when barry wise tries to smear tosa gabbert as a russian asset, joe, just like, stops her dead cold very kindly, I might add. But IT was the, IT was the kindest journalist body slam U. F, C. Style that i've ever seen. And then IT was gorgeous as what I was, and it's funny.
can get herself out of the new york times, the mindset of, I believe what everybody says like to look into that.
Ah maybe you should, maybe you should go to push back on that. But this he thought he was in a safe place going on. Your rogan gans not a really is not really a competitive guy.
Jie pulled up and she's shit fuck .
jammy fact tracker.
Yeah i'm very optimistic right now. I came in this conversation expecting expecting to here where we're going .
to grub potentially, but well, not now. I mean, I I can see where the pitfalls are, but i've been watching this player and you know for the last two weeks it's not really weird feeling um I hoped IT would be IT would happen the way has happened right? You had to go into IT with an immense amount skepticism. I won't lie you. I put at least five pounds on stress eating leading up to this thing, and i've already in two weeks.
taking that mostly back, going look great.
Well, I do now. But like two, three weeks ago, I look like shit, like I, like I know, immediately went on a freking time of our diet for a week, cut everything out. And i'm not stressing IT.
I'm not running out to i'm not running out to the community on store and buying about a bag seals and a diet coke at two o'clock in the morning, okay, which is what I was doing and they're not going to bed for thirty and getting up at seven. I was, this is what my wife was like for like the month up until the election. I was, I couldn't.
I can function. I got, I would go to, I get one sleep, cycle night, my sleep hyle two hours and forty minutes. So if I do two, and I have, so I do two sleep, like all about five and hours, hours, i'm usually good, right?
Do I was, I was terrible. And I knew I was doing that to myself in the one I was like, no, if SHE fucked in wins, it's not going to matter. I'm now going to have to make really, really significant changes to my lifestyle because let's not kid ourselves what was being set up for us.
Was um hey everybody, we've now made IT OK for you to complain about the juice and israel and this and that you hear the pressure released valve you ve got here to get in at your system while we can ology all of you people because you're all going to get deep platform, you all going to get on person, you're all going to get sent to digital one animal and your lives are going to be over. They were planned in this, and the threats were all right there in front of us. And we can all see IT.
And no matter how much you try and say, well, maybe no, maybe the the the Angel of death will pass over my door to really extend that method. You didn't know and I had this you i've had a lot of brushes with success in my life. I've until this point, and every time i've got to close to IT, something is taken IT away, either my own selves, avatar or not.
Reading the tea leads right and running in the cover corner, metaphor is speaking or whatever. And this was setting up to feel exactly the same way. So part of what you probably were getting off of me in the you in the the things we did over the summer was was part of that. I know that what was gone on with me, I don't know about you, but that's clearly what happens .
at the last two times. You're wrong. You were, you were tired, very tired. Yeah.
yeah. I really was. And today I feel just, I you know, if the a weight was lifted on that evening, we were doing a twitter spaces GUI bogin.
The the late night from my we're on from my eleven til her from ten like twelve, thirty whatever. And I felt an awful like the live stream I did on twenty. Then after twenty, twenty and we're all I was hang out with my, my, my patrons then.
And you know, we are there and we are high. Five and the drunk, everything. And I kick off about thirty and to watch election.
Two, I M, I see the seal happen and I went. And I text the text, right, and I said, they are going to steal this time. This is how they are going to do IT. They're at best he's going to two sixty nine and his two thousand and two thousand nine and his replied to me at two thirty in the morning was .
civil war is then yeah that's .
what we've been the last four years. So strategically, you know we'd had to manage that stress level and that mindset for the last four years and and yeah, it's it's been a lot, but you know I don't know maybe the know and in italia coming in the june twenty twenty one and that fateful O M C meeting that for me really does mark the change of you know the the beginning of this counter revolution that we've kind of been chronically um that was the first way I hope I hadn't nine month and even the miter m elections weren't much of a kick in the teeth, to be honest with you.
But because by that point I became pretty obvious to me that there was something else running. There was a counter current running that was powerful enough with the right people having the right having the the right amount of power, counter baLance of counter bAiling power to the ones that we are fighting. And then I watched like omicron fail, and I watched this fAiling.
I said, I know I made the call at some point in twenty twenty one. Omicron happened and they couldn't like turn that into a big and they couldn't turn that into a second around the lockdown. Wn, we are a peak dodos.
We're done. It's now they're just fighting the government actions. And now I can. Okay, let's see how they are going to destroy IT. Let's see how they are going to move counter, move us down to the point where when they throw, when they threat us with nuclear war. And when trump lived, everything changed.
And then IT was just the matter of, you know, okay, are they going to take this thing aea? And are the grown ups actually charged? And I could not answer that question until after the election and what's the election happened? I no, we're good and I can.
And like and I been I didn't walk out, interestingly enough, like when trump one in twenty sixteen, I walked around the house for two weeks. I could hit you, not for two weeks, randomly. Ling in glee, with glee.
I would just, how do you walk? And I do you get up my computer, I sort to walk over to the kitchen and we get a cup of coffee and have way there, have to start cackling like mini ally, like the fucking and joker. You're right this time.
IT was IT was just okay then we have work to do and I told my patrons the morning after by do a market report on wednesday that morning, I said this is great. Um I played them a gale storm song to start to start today. Got another day about the roses, which you haven't listened to that song with the leader sheet.
Brilliant, a perfect way to go about all of this stuff. And then did the market report and I got done with that was fun. Tomorrow we get back to work.
I mean, that's honestly the most maybe have different context. Getting back to work with like us in the big coin space like IT feels like we've got room to be than like, yeah, i'm infinitely excited at the prospect of just being able to work and get your done where if I went the other way, similar thought that we've got a reach of the deck and figure out what we're doing.
we're going to how we're going to make this work because i'm all beyond with you in my part of my part of the space. I would really seriously have think about being a person d banked and all the rest right? Um and okay, IT died.
That's the case. That's the case. My wife, I walked to each other that just that that's what happens.
We've whether worse in the past and they can take everything away from, they can take each. They can take we can. They can take each other from us. So okay, and we'll figure out if we have Better of our car, a Better of our car. Know what you what what happens happens like do your words.
You can take your us it's that scene from beef and data, right where he's torturing her and she's like reading the the screen the reading the the beautiful story about about the actress vallery on on toilet paper and it's about that last inch. I am never going to take that last inch for you. They don't have you.
They can take your body. They can, they can corrupt your mind. But if they can't take your fucking and soul fuck you, you don't have me and they never had me and those are the guys they were going to take out. So you know and maybe that's egisto c or opposition on my part.
Maybe it's paranoid, don't know, but it's the way you have to feel and have to make your piece with that if you're gona continue to do what you do because if not, then you're not capable of leading and you're not capable of being a resource for everybody else. Like one of the things that I find really interesting, we brought up the farmers thing earlier. This is one of those moments.
Germy carker, whether he, whether he intended to or not, has become a spokesperson for the farmers worldwide. Cards farm, if you have not watched IT up, don't support to me. Good fuck.
Watch carton farm, because it's brain. And the jeremy was like, well, they're going to have this big this big thing is like, I can go. I'm not a real farmer and I jeremy, you are the spokesperson for all of us.
We need you. There you it's time for you to stand up and be a man and not a nine year old boy. I've ve made an entire trade and build millions of dollars in being a nine year old boy and champion these causes and the the internal combustion engine motoring and now farming. great.
But now what's this is your moment? Where are you got to get in that book and lamborghini and lead that the bigger lamborghini um tractive that he bought, which is terrible and drive that fucking and thing down in london pot belly in all and do the thing and Better dollars as auction if you ve watched cars this farm, his significant other his girlfriend lisa, who's irish, by the way, if you have not washed the search, she's great like, you know them well that he read, hand the cardio right at and so quark son, mind up, did the thing that's what you need. Yeah doesn't matter.
You can be a bad man your entire life. You can be, know, a guy drifting off the off the right guys and everything else. But if this matters to you now, if you truly love what you do now, then that's the moment where you have to stand up ago.
You know what? Shootings, where are you? Gonna, thank you.
We talk about this the opposite, right after the assessing ation attempt. IT is not good. I think there's some divine intervention in all these things. And sometimes god picks condo IT to a ref around the edges. And you wanted, expect trump Clarkson types, you know.
of the most powerful stories, one, the most powerful biblical stories that god speaks with. The rest of this right capital god, lower co d doesn't matter, matter. Forkful speaking this, this is the story of you schriver, you know, sheering.
This is the story of think, Christopher. This is Thomas covenant, Stephen oleson great fancy story. This is literally the worst of human being. You can imagine having to be, having to man up and, and, and, and stand up against evil for something he does. Even he doesn't want to believe that, right?
If this is that story very powerful and is very important and it's why the architect of that story is very, very powerful and that man is is also built, is also built off of that architect ate so um the garden will that you know stands outside the cathedral to guard IT but can never enter IT right um it's very powerful and we all have a little and maybe we all have a little bit that in and that's what we have to break and call within ourselves. You know, i'm all and did. This is about making the world Better fucked in place.
This is about leaving this fucking in place. Better off for my daughter and free yours and everybody else is anything else in the rest that does not fuck a matter. And this, we have to pay this forward. The kids went along with this. Did you see the demographic break down of the vote?
I know, I mean.
I finally looked at IT. I am nearly cried because I realized that the eighteen to twenty nine neural nearly broke for trump. Like a lot was made that this is the gene x jex finally came up and made themselves account is the genes election and everything else.
And I been trying to mean where the greatest generation from the thing, just like stick ket, you know, just to stick ket to the um to the mythology of world or two. But this is that moment, but we wouldn't have done IT without them. And so we go IT to them to care down this rotate of us.
We're play parts of IT with nothing reform what's usable and move forward. And is gonna be perfect? no.
Is that going to be Better? Yes, but it's not going to be up to us to make IT. It's it's parade guys. Well, we going get eighty percent of the good stuff done. The next, next eighty, the next twenty percent will leave that for the next cycle of humanity and then the next legal and the next legal and the next legal. And that's the way we have to approach this.
I kind of said a Better myself game, extremely optimistic. I think we're onna do IT. I think if don't kay complacent, we got like sometimes said, we got work to do. We get to get out there .
and fuck load to work to do. And i'm excited to actually watch IT happen and quantico, the good, the bad and the ugly of IT. And you know and by the Grace of my patrons, I will be given that opportunity. We're not depending on how I handle IT. That's where we all talk at IT.
So this matter of your building a business or you're doing what i'm doing or know everybodys got obviously, but i'm doing this business, but you but the point and you know the this is, is what we have to do, but it's doable. All these things that they tell us are not fixable, that we should just look at the ground and worry about the worry about the obesity, our feet, as opposed to looking up and seeing you on mask, throw a fuck and rocket the space and catch IT. fuckyou.
Do we can do anything? We can fix the budget. If he can do that, we can fix the budget.
If he can do that, we can fire the R N. nies. We can figure out how to baLance the bug.
We can figure out how to get to fund funded liabilities of lots of talent out there that wants to do IT. I mean, the amount of people volunteering for those not to be paid to volunteer. I thought the .
church and and not only do have this political will in these examples internally, but externally, like the argument against of this is falling flag, because I know this point at all, self are, they went from the most dangerous country in the world too, the safest. And three years argentina came in, got their administration to state they are back on their feet pretty quickly.
Like why can't we do that? Like that's where i'm excited for the american spirits kick in and where you get that competitive nature. So o these guys you know .
like what human nature is like in american is that united american? I mean, we have our have our, you know, spin on IT, but IT is people. People are awesome doing. Are you kidding? This is I I know this was the day I I really, I really the day I realized that how incredibly persistent and phenomenal people really are when I finally was able to internalize just how much they accomplished despite all of the shit that thrown in front of them.
And that happened very early, you know, after that happened within a few months of me hanging in out over an lc and reading some of the misses to that was my spiritual awake. And I literally stood back, holy shit, people are awesome. How enough, when you really stop to think about IT my, oh yeah, no, no, no. The every, you know, no, I am. I'm not being cynical, does not no IT in the team that believes .
the people are awesome, you can do these things just won. In the team that thinks or tries to make you believe the people are terrible, just lost. And they're .
going and they're going to lose. They are going to continue losing.
I mean, as a millennial, thirty three talked others before nine, eleven await wicky league snowin coped first time in my life, early nineties, don't remember too well, but first time in my life negotiate. This is actually exciting.
Um yeah I really is I mean, I I am I am just a is funny. The the longer this goes on, the more I, I willingly see whatever the burden is that needs to be born to get this done. I bear IT willingly, whatever small part of that I can be a part of I can, I can affect to get to keep the ball rolling.
And they give people the information they need to be, complicate the world for them and dismissive as they can go in their spaces, cope. That's what I have to do if I can make, if I can help people, buy people, make a Better guide, the decision about how to run their business tomorrow based on something I said a podcast. Are you kidding? now? We were all killed to have that kind of no, that that this is what we have. This is how could you walk away from that and and how could you could not walk away from? You have to like, double down and work.
Harder yeah before we had recorded and I said they should create a position this are of be constructing the european communist.
you know, the european communist, you know, because it's funny cup here and there a couple of people to open like, do you should make tom Terry cycle my i'm not qualify for that. I will take, I will take the position of the ZARA european destruction of destroying communist. We get me James lan, dexter White.
A few other people will have a lots of a good old time with that, and will power all the memories over four can and will just do the thing, be great. So much talent out there, guys, is so much talent has been s suppressed n you often the uh uh to tune in, turn out and drop out. No, they're all like, no, we're going to make this work.
We can make this work. We have to so what we can do like the old systems are brittle and fatter and y've built systems that are complex and and and a noble and therefore there no, there is. I mean, this is where, you know, tell you before he went, you know, crazy over cover IT IT was right.
You build systems anti fragile. They build systems that are maxim frag. And so they were actually easy to take down if you understand where the break points are. Yeah, it's a signature .
but going going up all time yesterday.
gold going to pushing gold, pushing past three thousand, being another one like this. There are so many of them out there. But if let me for this years, for morning, last thing, last thing, say, if mac gates winds up being A G, they have no power, they will put poor every urge, political capital they can to stop mac case from being A J trim, put him out there for that purpose.
Gates probably took one look at the, that was, this is the conversation math. I want to make a, you're going to have to like fight tooth and cloth word you may not get IT. They're probably going to like destroy you and are trying to destroy on the process in cases like game on of the fucker yeah.
Your means be dreams freaks can .
doing right now sounds like, sounds like a show.
This was a greater. I mean, this is the least stressful show we've had a while. I'm happy.
Happy for you. Happy for all us. Again, let's go build is like you have that weight off our shoulders.
Let's go do, let's go do something great. You know, in on mosque is like a ten year old boy. He wants to foot cars in the space and go to mars.
Like, let's let's enjoy that and let's not and and let's keep our eyes on open for the next boss. Why to be the same as the old boss and all that stuff. Let's continue to the trust t verify and all of those things that need to go, need to happen. But you know at the same time, don't appetite you 消费者, you know like recognize when .
good things are happening.
right? Just recognize good things are happening, not everything is the good and you know and if you make the perfect, the enemy of the good, well, you're doomed to failure. Yeah wonder .
there. Thank you, tom. We'll do you again at something he's love.