PBD Podcast | Guest: Matt Sapaula & Tom Ellsworth | EP 48

three two one we're live awesome okay pbd podcast episode 48 with tom ellsworth biz doc as well as matthew sapala money smart guy how are you guys doing great great to be here again second week in a row yes that's right that's right that just means you're spending a lot of time in florida what do you what do you like about florida you've been here now a couple of times boca raton the land where you can just spend stupid money [Laughter] everybody here is driving a g-wave bentley you know everybody here's got a yacht that's correct i said the word yatchka i went to high school got a diploma that's how you spell it like chair chapter so tell us why you're wearing the red shirt what's the rich shirt red shirts friday marine corps veteran represent the military veteran community remember everyone deployed we wear red on friday and i remember uh pbd being deployed to combat tours and i always told myself listen lord i must pray god if you just bring me back home away from this away from this i promise i'm gonna do something and uh i'm here and i'm gonna maximize the opportunity i have to come back to america live the american dream and make the most of the entrepreneurial dream and this is uh remember every everyone deployed because i know it's like to be there in the armpit of the world somewhere in a foxhole and just appreciate america and just freedom and america america i love america man what a special country okay so uh mr thomas ellsworth how are you doing i'm doing great thank you for serving that i said that to you more than once but thank you very much for serving i have your support uncle never came home from vietnam and i was very young at the time but i appreciate every single one of you that's some thing for our freedoms take that on behalf of our brothers and sisters out there thank you for supporting by the way in the military you don't pronounce it yak you pronounce it destroyer detroit you don't say yeah you say destroy yeah i gotta destroy park outside and you know thanks to my house mine layer cruisers missile guided crews imagine going to a realtor and you're having a serious conversation with your realtor saying will a destroyer fit here why i have one i'd like to park it right here and uh talking about ships man there's something going on with a ship in suez canal egypt it's it's it's causing mayhem around the world we got to talk about that we got to talk about gen z's getting screwed by remote remote work according to a microsoft survey which we'll get into facebook and amazon are now the top lobbying spenders in the us incoming amazon ceo andy jazzy picked the close ally when he hired adam selpski to run its 51 billion auto cloud business tesla now accepts bitcoin as payment dahlia says the bitcoin community is pissed off with dalio right now sure he sees good probability that bitcoin would get outlawed citigroup ceo jane fraser calls for free zoom free fridays and new blank holidays pandemic fatigue grows wework is in talks to go public through a spec deal prince harry gets a job he sits on a board now a billion dollar silicon valley startup as a senior executive i don't know if the interview helped out or not but he definitely got a job offer he accepted it royal caribbean just announced more fully vaccinated cruises this year this time in the mediterranean intel investing 20 billion dollars in a new chip making deal planned as part of the turnaround plan u.s jobless claim falls to 684 000 people fewer since pandemic and then we got new york pot legalization gets fast track on cuomo lawmaker deal miami mayor wants the federal government to help pay for elon musk to tunnel under his city which i'm sure bernie sanders is very very excited about biden's you know press conference that he did first one he talked about re-election he talked about borders he talked about a lot of different things and uh you know bernie sanders gave some love to trump i don't know if you guys heard what bernie sanders said tom did you hear what bernie said bernie said can you pull up the tweet on what bernie sanders said about trump being banned from twitter he says look he may be of this he may be that he may be at this but i'm not comfortable about us banning a president from being able to use twitter so think about bernie sanders a guy who is uh let me read the topic what the headline is kai if you can go all the way to the top bernie sanders against donald trump twitter band tomorrow it could be somebody else so even he is saying that and then yesterday well i'll translate somebody else just put the word me meaning it could be himself yeah people with it what do you think about bernie sanders defending donald trump in this area i mean does bernie want trump back on twitter no bernie wants the the whole heavy left liberal uh freedom of speech even if it's inflammatory because it could involve him that's what i think he thinks what do you think i mean that's this is cancer culture i mean this is uh this is where we are talking about the big dangers of removing a freedom of speech even a liberal left socialist can say hey uh we understand the gravity of getting deleted i can get deleted off twitter um even they're admitting to this uh this whole thing so i like to see this uh continue to evolve yeah they say that thing can be aimed at me too yes correct what i like about this what i like about this is the fact that you know at any point it could flip to somebody else but if there was one person no one in the world would have guessed that would come out defending trump on twitter bernie sanders no nobody in the world would have expected trump and maybe this says something about bernie's character here's what i think about bernie's character i think bernie likes a good fight whether you like him or not if there's one thing about bernie you gotta like the guy's a guy who loves a good fight and i think he misses fighting who's his enemy right now ted cruz it's now he's picking on elon musk he's picking on jeff bezos he kind of wants somebody to pick a fight on and he needs trump back on yesterday trump said he was asked by laura ingram how does it feel not being active on twitter and being able to message on twitter trump said i have to be honest with you i prefer press releases more than i do sending tweets because on press releases i don't have a limit of 140 characters and on press releases somebody looks over my paper when i write it and then they come out and they can't say well you see he said this word he said that word he says i think it's working fantastic every time i write a press release everybody on twitter is talking about it writing about it which is working effectively trump is like it's okay if we don't go on twitter or not people we think about trump potentially creating his own social network we'll see what's going to happen with that i mean if he if he hires the right people the right brains he's going to need the right brains a lot of people have tried to create a social uh media network i think the other thing he will need as well is he will need more than just republicans and maggot to use it for it because it would be another part it would be a bigger parlor is what it would be but he will need a little bit of hollywood he would need a little bit of music he would need entertainment sports he would need people there to want to participate if not i don't know if a lot of people from the other side are going to join the social media network it would only be to hear what he has to say and criticize them and kind of go from there okay so you said you had strong opinions about legalization in new york uh uh pot legalization gets fast track on cuomo lawmaker deal so why don't we talk about that let me go to page six here on what happened with our buddy cuomo so cuomo has not had the most exciting last few weeks now it comes out that new york is ready to legalize recreational marijuana the state would impose special pot taxes and prepare to license dispensaries under an agreement reached by governor cuomo and legislative leader the deal that legislative leader brokered with cromwell would legalize cannabis use for adults 21 years or not years old and up and includes a 13 sales tax nine percent of which would go to the state and four percent to localities let me give that to you one more time the deal would allow cannabis used to be legal for 21 and up 13 sales tax on it nine goes to the state four percent goes to localities the governor's office estimates that a legal cannabis program could pull in 350 million dollars a year once fully implemented assembly major leader crystal people stoke said with new jersey legalizing marijuana earlier this year we are literally surrounded graphically by other states that are doing it we just need to stay ahead of times because we're new yorkers we can walk and chew gum at the same time we can speed this up tom what are your thoughts on this uh i think you should take away the word cannabis and put in alcohol or a lottery and then insert the word the benefit will go to the schools this is right out of the playbook of every state in the nation who understands when something's up and i can tax it and i can take advantage of it and the wave of momentum is coming over them they go with it and i think new york's just going with it and you know we're going to legalize alcohol and we're going to get a tax on it and the benefit will go to the school do you think it's good or bad but the question is do you think it's good about because let's face it i know a lot of people in new york that would probably take advantage of this i'm sure a lot of people in new york are going to go out there and say okay great 350 million dollars is 350 million dollars and god knows new york needs tax money because they lost a lot of people to florida which means they need to find a way to generate that revenue back just a basic question is this a good strategy or is this a bad strategy i think it's good for new york well you saw in chicago matt what did you see yeah illinois uh january 2020 is when illinois made the sale of cannabis illegal recreational wise right before the pandemic go figure this is illinois illinois yeah just in time for a chill year exactly so the 10 was the sales tax in illinois generate half a billion dollars in in revenue for illinois literally from my office pb two blocks just north of my office is a recreational uh marijuana lounge i mean you walk in it's beautiful like a cigar like oh like a cigar line you go in there and it's just it's beautiful it's it's well laid out it's really nice uh interior design i mean they decked it out really yeah apparently it's a chain what was the address people who like to know what's interesting right right 220 what's what's actually name up what's the name of the place uh it's uh what is it it's called consume it's called consume go figure consume they got in illinois they got in in michigan they got a bunch of dispensaries uh there's a network and it's literally two blocks away from our office and you know for me as as a parent it's not only is it a revenue generating illinois but it it challenged me as a parent uh you know my you know my my kids you know dad everybody's smoking pot everybody smoking pot and then i i was i would discipline my kids for this for for for for marijuana use and the times i disciplined them they didn't like it and then you know my kids now older you know my son's 25 my twins are 19. they're like oh well poppy it's illegal now all the times you put your discipline does so yeah you know from from a parent to stamp it's challenging because you have to you know stick to your values and principles even though just because you could doesn't mean you should uh type conversation with the kids but from a revenue generator for those who are adult and those who know what to do with the recreational medicinal got a bunch of veterans that consume this medicinally that's what i'm thinking what about what about youtube going back to new york to answer the question directly i think it's new york is surrounded by states that have taken the legislative approach let's tax it let's continue forced a little bit yeah they're kind of being forced into the economic sanity and uh stabilization and you know people are gonna drive to connecticut people can drive in new jersey or get a buzz and drive home you know one thing on this i still feel very strongly about no i mean breathalyzers are here to help monitor drunk drivers and to keep the rest of us safe and i think we still i don't think anybody has talked about figuring out how do you judge a real device to see that if someone's impaired because i don't want people driving impaired even if it's legal and you know my kids go to college and they smoke if they do if they choose i'm i want to bring up good standards about them about being intoxicated you know but um wait what just happened right there if you so if your kids go to school and they drink and they they they smoke weed and you want to bring good standards i don't understand that part now what i'm saying is i i want to equip them with great judgment skills so as adults if they choose to in indulge you know i have my feelings about what i hope they do and don't do but if they choose to you know i want them to do so legally ethically with care and consideration for their fellow citizens and i think on the marijuana side we still don't have a good breathalyzer for marijuana because somebody's baked i think it's a good idea they're not driving heavy we really not have anything for that yet is uh driving under the influence of course you have your breathalyzers for alcohol but do you have any wetalizers for lack of a better term that's the point so there's nothing right now to find out if somebody's smoking we didn't drive it my understanding there is not a consistent approved 50-state device the way the breathalyzer and the blood test at the hospital for our question becomes do they drive better or worse that's the question what do they see do they see new cars do you see like unicorns do they see lanes multi-dimensional lanes others don't see i think we've i think we've gone to acid path and none of us are referencing anything from any personal experience so we have no clue yeah i mean there's a lot of innocence at this table okay so interesting you should never operate a motor vehicle heavy equipment or a marriage we're going to see what's going to happen here with illinois next one gen z getting screwed by remote work micro microsoft finds survey fines let's read this here a new study from microsoft found that among more than 31 000 workers it surveyed 73 percent said they want remote work options to stay with 46 percent stay saying the plan to move now that they can work remotely still 67 there's a bunch of percentages here 67 percent said they want more in-person work or collaboration too in short we don't seem to know what we want is what the article's saying however gen z workers uh born roughly between 1990s and 2010s responded to microsoft server survey generally by saying they're more stressed and find they're struggling more than their peers they tend to be single since they're younger leading them to be isolated and since they're they're early in their careers they don't have financial means to create a good work space at home if their employer won't pay for it and they're not having those in-person meetings that sometimes help them land in career advancing projects or even get in good with the boss tom what do you have to say about this i think there's really something here because you know last year america had to respond and we had to make zoom work and matt your business you talk about how you guys had a great year and you made zoom and video conference work within the lockdown requirements you're under correct but what's interesting for gen z with less experience where's the coffee with the boss you can look read their body language you can see their insecurity or their confidence and you can have that mentoring moment i think that that's exactly what they're talking about here that those human interconnections are lost and it's not developing emotional intelligence and the management skills you know i just referenced what you did with uh you know your insurance agency sure did you do you see it that way or am i crazy but we yes uh well last year we grew by 60 plus percent last year with zoom uh you know a lot of people found uh quicker accessibility to clientele uh interviews hiring process recruiting interviews but we were locked down into that computer all day it was all day all day all day from sun up to sundown the the volume of poems were able to accomplish in an eight-hour 10-hour 12-hour day was was massive uh i think it's interesting that microsoft uh did this survey don't they have the incentive for people to use their microsoft teams you know that if i find it is this type of survey that's a very good point zoom zoom and yet they're saying people are getting screwed my remote work but i uh now that our offices are starting to open back up what we've missed what we've thoroughly missed was the in-person uh connections uh you gave us a magazine to read last month is the harvard business review about uh how an office is a social anchor of a company culture and we just started opening offices back up again uh three weeks ago in illinois in our opera office and people are feeling that connection all over again and in that article states that when you're in person that's when you develop a develop teamwork trust commitment camaraderie you don't necessarily get that through zoom and i think you brought up a point yesterday tom is that the gen z worker is missing out on being around a guy like you he's got experience three comma tommy imagine being in office you're hanging around three common timing bedroom being in an office with you pbd the in-person connection they have with somebody's there that they can be basically uh an apprentice to they can they can learn from the wisdom that's around an in-person environment versus something you miss out on remotely working yeah i i agree i i think what they miss out on is watching across the office seeing how people interact and there's a lot of i go back to emotional intelligence i think that that they lose that i don't think that there's an opportunity to gain that you know my own experience here at valuetainment you know filming case studies and so i film in the studio with the with the team that's shooting but then this week being able to be side by side with the editing team talking to them you know got to know him a little bit while we were you know going over and edit you don't do that on zoom you're just like so the question becomes you got three types of people you're dealing with right if you want to get back into opening again back up and come back to the office you got the kind of person who doesn't want to wear a mask could care less about it they're like i don't even it's not something that scares me i'm just you know it is what it is i have no desire i'm not scared i can't wait for us to work again i can't wait to be in a physical office i want this environment right the second person you're dealing with is a person that always follows the rules and they just they're good citizens which is what you want me to wear a mask i'll wear a mask you want me to do this they're just more the majority which is i'm gonna do what i'm being told to do so one fights it one follows the rules and the other one is the extreme so the extreme is who don't get close to me don't do this don't do that um hey don't touch me like like even um yesterday when uh ted cruz was giving a speech right uh before he gets started one of the reporters was like hey where's your mask because i don't need a mask i'm speaking to you right now it says no but where's your mask he says well i just took the test i'm clean i've taken it i'm good i'm i'm good i don't need to wear a mask a vaccine today yeah he did so he says he said the whole thing becomes right those those three how do you make those three work in an environment how do you make the one that's kind of like i i don't think it's a big deal what's up tom how are you doing you know just very friendly the guy in the middle that's just following the guidelines and the guy that's the extreme saying no this is not safe this is not this like making it extremely dramatic the middle ones are obviously going to be easy to deal with sure because here's the guidelines here's what we're doing it's the extremes of both ends that you got to figure out a way to reason with to make this going back to office work how do you make that happen tom i mean you've been around for a while matt you've been running in office how are you doing i was just in memphis last week dealing with a couple of our guys uh uh sabine rubinote in one office and edward and jamie musgrove in the other office and i'm i'm they're excited to be amongst each other you know they mentioned this is the first time we've been together in a year and all the excitement all camaraderie and the way they feel about each other they've been built they've built that yeah a relationship online working together on a daily basis building the insurance agency and and the conversation became uh uh nice to meet you uh are you a fist bumper are you a handshaker you're asking i'm asking good and then and now people know i'm a hugger i was like okay in the south i guess they're a lot of hook a lot of huggers no problem you know and so i'm asking i said just and i think it's another step pb you just ask are you a fist bump or your handshake what are you comfortable with elbows and some people are just elbows no problem hey let's you know yeah i can i can see that what do you think of tom i think there's two things the the first thing in all this is you know you let the people know you know what if the civic is locked down if this is here we're going to do what the state is asking us to do um and so we're going to you know take care of that and then like there's somebody there's an a great editor that i work with kyle and he still feels a little uncomfortable so when you come to his cube he would prefer to keep he has a bandana he'd prefer to keep wearing that but he's reasonable he's very reasonable he gets his stuff done he just says hey i'm just not comfortable yet and i have an older relative i guess he lives with true says hey i get that so i give him the space it's all cool you you kind of elbow at a distance so i think you show care and consideration for the person's viewpoint but you got to have a reasonable office environment where you're getting things done and the inmates can't run the asylum to say let's put up plexiglas corridors everywhere uh so i think you show care and consideration and you also show that you're complying with the state and that yeah i think you just guide people by example and just show a little respect for their particular future this leads me to we work which has a lot to do with what we're talking about right here's we work a company that decides to go public through a spec deal right we all know what we work is we work is essentially what it's it's office space right if you want a bunch of businesses coming together and we work in the same office space together which by the way brilliant idea they were killing it i mean everybody was talking about it sort of a cool version of regis for the month exactly right they get old regions old old buildings that they would never do yeah exactly so the office sharing startup plans for its high profile ipo imploded spectacularly in october 2019 due to widespread criticism over its business model and its founder adam newman's management style we work at hell talks with at least three blank check firm spanx over the past two months cautioning that the current talks could fall apart we have specs approaching on a weekly basis we work executive chairman marcelo clark said who used to be with sprint wework was valued at 47 billion dollars in 2019 but saw its valuation plummet to roughly 8 billion after softbank was forced to extend the life-saving financing lifeline at wework so the part everybody has to realize is even before the pandemic these guys were having problems they fired out of newman they laid off 2 400 employees they lost billions of dollars and then comes coronavirus they get crushed tom do you think these guys can recover from it and be a business model that's profitable that people would want to invest in i i don't know i mean marcelo clark has basically done more stabilization than innovation he stabilized things and they're trying to get out with the story um but you know what's really interesting i think it the whole thing they're waiting for people to go back from work from home to use office again because wework was about hey if you step back and look at wework they were for gen z the open lobby everybody gets to hang out together you know there's a word for that in covit it's called super spreader so i i don't know they got to convince people that that business model is going to work and that businesses are going to come back and want open areas where people can hang out by the coffee machine learn from each other and each business have their own little private idaho in there but i i think softbank i mean softbank that 47 million things softbank hit hard wall you know that was not fun and so i think they want to get out and they almost have to get out to the market so they can you know put this money in the bank but they got to prove to everybody there's a real business there would you invest in wework right now nope like are you buy sell hold neutral i've got great respect for soft bank but i think they're in a very hard place why are they doing it though these are smart people why are they getting into it put your hat on and say what alternatives do they have right they need capital to run this this is continuing to run at a loss even before the pandemic so how can rents be up that they're actually making a buck is this if a if soft bank is deciding to do something like this is this a good sign for everybody else to say that if a company like softbank views everything going back to normal if they're risking money like this to invest into a company that's a mess like wework is because of what happened in 2019 and the fact that pandemic crushed them i'm not even talking about the issues prior to on the adam newman's management style let's set that aside i'm just talking about the consequences of what kovit did to wework absolutely if they're investing are they indirectly saying we feel the future looks bright everything's going to go back to normal i i for me this is this if you're going to ask me to invest in i know whim am i putting my retirement savings that i i'm knowing that it needs to be there when i retire no i'm not doing am i putting a little bit of my money toward of course i would because i believe in the the we work uh office sharing uh platform uh we we've got a bunch in uh in downtown chicago um at the merchandise mart and uh uh just a bunch of incubating um entrepreneurs are there i think the the the attraction back again of again back to the connection because you can't really connect with people on zoom and i think if you're gonna connect uh uh with other entrepreneurs of people that are are incubating too as well in that phase of their business a wework type of operation grows um they got uh they got some spacks uh approaching them you know you know the the type of money is that's being thrown in this direction i take a whim at it um if i'm incubating entrepreneur today i'd be looking for a weworks uh type of office sharing platform to start my business so yeah interesting if you if you're watching this i'm actually curious right now okay let's take a look at this we got 217 thumbs up kai i don't know if you're seeing it we got 217 thumbs up right now no thumbs down by the way appreciate the love if you're with us and if you haven't subscribed to the channel please do so and some of you that think you already are subscribed this is a different channel it's a pbd podcast channel so click that subscribe button and the notification but i got a question for you i got a question for you thumbs up if you are fully comfortable going back to work and being around others you know where you know how it was in 2019 are you like i cannot wait to go to a fully environment thumbs down if you're saying it's reckless we're starting way too early we should take our time so smash thumbs up if you say yes we got to get back to work and being around each other thumbs down if you don't so we have 217 and zero i'm actually curious to know what happens to it so far uh uh voting with that most people are saying they want to get back to work do you see that only two people so far have said no most of the world not what the media tells you not what the you know focus groups of a certain niche group of people tell you right by the way 321 to 1. think about that that means 104 people voted thumbs up one person said i don't want to go back to work so to the person that said you don't want to go back to work do you mind commenting below and saying why okay now we went to five let us know why you're uncomfortable of going back is it the fear of you know uh kovit being contagious is it the fear of uh uh you know what if i get sick and what's happening right now with different schools or different places and you know it's the spread that's taking place in different places it's happening right now we had a conversation with a couple of schools that are going through it in texas that this is taking place we experience it ourselves or or is it just something where the tipping point is i just don't want to work in an environment anymore because a part of this i know certain people who are introverts that they would love to work from home for the rest of their lives exactly they would love to not be around other people they would love so how much of this is revealing the extroverts and the introverts okay yeah how much of this is revealing who has always wanted to work from home and they never wanted to be around others they would much rather do their work and not go to a work environment and how much of it is you know i'm just scared wanting to go back i'm curious i've asked you in many many conversations uh you know because you know you get uh distracted all the time by all these different ways to make money online all these different ways to do e-commerce many different ways to run a business from behind the computer the four-hour work week of person right you too can run an amazon drop ship business seven months and so i've i asked you and and if you could share with the viewers and listeners here what your answer was to me because um because i asked you can we really run an insurance operation grow an insurance operation or any business operation that requires people to be working together with something that sustains and lasts and creates generational wealth could we do this from behind a computer and your answer to me was if you know if you want to build something that lasts man i think you need to you need to be around and build something together cohesively as a team in an environment can you continue i always i always battle with one thing let me tell you what it is i remember one time you know uh reading an article about you know here's what's the mistake of millennials and here's how they are and here's the gen ed he's just talking about the younger generation all the problems that they have but the sentence it ended with this is time magazine the sentence it ended with was but then again if you are complaining about millennials maybe it's because you're getting older okay because every generation told us that these men men like elvis presley who are shaking their hips you know this is not good for our kids and our daughters they should not see a man move his hips the way he does this is not appropriate it's not the conservative thing to do elvis presley was you know moving his hips and my girls were going crazy yeah that's right right my music makes me move so so you got you got that so the older generation you know i'm i'm not 42 which means i'm young enough to connect to the 20 30 year olds but i'm yeah i'm young enough to connect to uh uh the 20 to 30 but also at the same time old enough where it's 50 years you know just 10 years and 60 is right there it's not like you know when i was 20 the today 60 year olds were 40 when i was 30 they were 50 when i'm 42 they're 60 right so we're right in the middle so for us to say you know the zoom model is the only way to go is the old school model that also means maybe we're not adapting with the time right it also means maybe we're getting too old and we're not willing to adjust and see what the directions are maybe the younger generation's got something to teach us and we have to realize this is something that is going to be here to stay but at the same time at the same time at the same time how many times have you gone to someone's house where the kid has been what's the word i'm looking for where they are isolated isolated from everybody their entire lives because the parents are so paranoid and i'm not even talking about covet i'm just talking about parents who hardcore isolate their kids from everything and you talk to the kid how are you good how's your day today good so what's your favorite thing to do video games so i don't know yeah i don't know right you see right so so i'm like dude like where's the soul man let me let me like where's the conflict where's where's so how do you get that the only way you get that is what to be around other people you know what makes us different from animals is we can respond we can communicate we have a way of talking to each other we can create we can work together as a community so i think both is needed and i'm kind of glad microsoft is doing the survey by the way i love when companies do a survey that some parts of the survey it contradicts their own business model and for these guys to own what they have to say hey we got to kind of get back to work it makes sense but we we will not know the consequences of the way we handle covid and the isolation it'll take a minimum a decade or two to see it because a six-year-old that was going to school is going to be 26 one day 16 and 10 years you ain't going to know what this is going to do to him right now is he going to make a full recovery is he not that's that's the one part we don't know someone no matter what anybody says experts any doctor anybody says none of us know what is really going to happen 10 years from now the whole thing with the vaccine when i talk to certain people that don't want to take it like yesterday one of our friends jose he goes to the hotel and she says uh this 22 year old girl is like i can't wait to take the vaccine and then everything can get sir please be careful touching that you know you don't want to get sick and then jose asked the lady says can i ask you a question says yeah so what's in the vaccine she says well i think it's all good stuff and she says he says when you eat do you not look at the label on what's in it yeah don't you think it's a good idea for you to also know what's in the vaccine i guess that makes sense well we don't know what's in the vaccine so so the people that are uncomfortable with the vaccine and i know we're making a big push right now you bite and talked about yesterday going to 200 million right he's already done 100. he wants 200 million in the first 100 days 100 million in the first 85 days the challenge with us is we also don't know what's going to happen with this vaccine side effects for decades you're not going to know what's going on there's some side effects that could be a decade two days about the military shots we took when we're in look what happened to us you know so we have no idea what those shots were that we took so we are not really going to know the side effect of the level of isolation and people working from home for for quite some time kids and some adults tom do you have any feedback on this yeah i do i think uh i think you make some great points and right now i look at it like this it's not binary but the news media looking for the story kind of treats it as binary like all work from home or not and i think what happened is business found a way to make it work and make it work profitably and we found certain parts of business that like you know coders could be working remotely still on a team be very effective but the human interaction and the culture of the business can't be communicated over zoom and so i i think it's not binary and i think one of the things we're going to find out later to your point we're all going to look back at that and find out that maybe culture and the humanness is lost uh even though oh my coding worked well i made a profit that year everything got done i i don't think we're going to know for about 10 years we're going to look back and we're going to see wow did we lose that we lose that interconnection you know long before i'll tell you something long before you know gofundmes if somebody of um that that didn't make as much as other people lost a relative or something we did go fund me we took collections in the office we said wow you know this around the head yeah this this is an only child who's going to be responsible for burying their uncle and has got all this this stuff so we would pass the hat and then have like hr quietly say your co-workers have risen up to kind of help you out here we did a good that is a cultural moment for that person and there's a lot of that stuff i think is going to be lost and to your point i think it is going to be 10 years what do you think you look at your insurance agency now and a year ago where do you think the impact is i mean i'm i'm thinking where i got stuck on in terms of the vaccine was if if sheena was pregnant today would i trust her to take the vaccine and my answer is no i agree it went out it went out so quickly what was it three months of testing so how do they find willing pregnant women to do a true test across the developmental nine-month flow of a child to see with micro doses to see if something's up yeah 100 pb what do you think uh i i we will find out here in the next few years on what's going to happen we're going to find out what's going to happen next few years i think one thing i do bank on is the ability for human beings to adapt and some adapt faster some some adapt slower those who adapt slower typically are led and respond to who those who adapt faster similar to what happened in sports everybody responded to what dana white did everybody's shutting stuff down dana white said we're going on an island then they said well maybe we got to do it and then orlando opened up and they said we're going to do the bubble basketball so people so there's typically one person that goes out there and does it and he's a risk he's got the biggest risk to take because if he screws up everyone's going to say i told you not to do it but he's also got the highest potential of being a hero because if he wins everybody says damn he's smart look what he did let's follow his suit so we're going to see right there's going to be companies that are going to open up and they're going to get hard core criticism from the marketplace and then there's going to be companies that are not going to open up that they're going to get what hardcore support and empathetic oh my gosh you're so wonderful for doing what you're doing one of them is going to be a hero and one of them is not in the next year or two years we're going to look at one and we're going to say wow good for them well they know what those guys were too scared or vice versa we'll see what's going to be happening so time will tell i don't think any one of us can see what's going to happen right now but i want to go to some of the people here that commented and aaron delgado gave 20 and he said the following he said drunk drivers blow through stop sign stoned drivers wait for them to turn green nicole nicole cerino gave 10 bucks she said she wants to see tulsi gabbard and dave went on to discuss pat's tax idea for california that was by far my favorite discussion ever roll tide nicole why don't you go on twitter and tweet at both of them with my handle and then we'll see if the audience wants to see it or not and what kind of attraction we'll get uh uh odora noel zenitman gave 10 bucks gen z's need to get into real hard working jobs not remote wishy-washy jobs unless it's straight up code writing this generation has it's way too easy and our least appreciative of honest hard work then we have another person here reuben zuvalonav said good morning please interview your george friedman and geopolitical futures it will be on the top of uh uh one of the top interviews for us versus china make a note of that and we'll take a look and let you know how that goes then we have 50-year journey he said it's not he gave 20 it's not about work more than it is about social aspect we are mostly social by nature a we works will allow for that without the feeling of a slave office feeling plus it gets rid of the business liability for covet very interesting very interesting and then we have good mother who said the following she gave 10 bucks and she said all the people i know personally who want to stay home are female all the people i know who want to stay home are female i would be curious to go a little deeper there with data to find out if majority of the people that want to work from home are female i don't know maybe that's her reality her circle that could be her reality her circle but if somebody could do that data to pull it up it'd be a very interesting research to discuss so one of the folks on twitter if you got any questions that you want us to address if you go on twitter and tweet with pbd podcast pbd podcast we will address the uh some of the questions that you may have one of the guys here asked about bitcoin danio mateo said nfts and bitcoins are as the global reserve currency well before we go into the global reserve currency why don't we talk about what ray dalio said about bitcoin being outlawed here's what ray dalio had to say about bitcoins being outlawed the founder of the founder the founder of the 150 billion dollar hedge fund bridgewater associate the world's largest made a case that there's a good probability bitcoin could be outlawed similar to when the u.s government made it illegal to privately own gold as dahlia points out in his upcoming book the changing world order the gold reserve act of 1934 made it illegal for individuals to own gold because government leaders didn't want to compete they don't want gold to compete with money and credit as a storehold of wealth something similar would happen with bitcoin which has searched against a backdrop of a high level of debt low interest rates a lot of liquidity and stimulus and investors seeking alternative to bonds and currencies every country here's what he says every country treasury treasures it's monopoly on controlling the supply and demand very powerful statement i want to read that again every country treasures its monopoly on controlling the supply and demand sure they don't want other monies to be operating or competing because things can get out of control so i think that it would be very likely that you will have it under a certain set of circumstances outlawed the way gold was outlawed thoughts max apollo well gold was outlawed in 1933 and uh for in terms of holding possession of actual physical gold and then uh was a gerald ford 1974 that said okay can have it back it they repealed it is this potentially something that bitcoin can be outlawed temporarily for that 30-40 year process until the government can figure out what type of role that bitcoin could play in their economy i've always said this from the beginning my position in the beginning bitcoin sounds cool it sounds very good but there's a difference in in my investing world of intrinsic value and imputed value intrinsic value i mean there's an actual asset that's actually generating value behind the company imputed value is what you think it's worth for me as an investor and me not coming from any money uh driving a bus as a kid and now in outstanding make money doesn't mean i'm frivolous with money just throw money at things for me it's hard for me to personally bank on again i won't put my retirement savings here money that you know needs to be there into something that you know again i'm not giving financial advice but uh i uh i'm saying that for something that is imputed it's kind of hard to see the government saying we're going to release control of the number one way to control american citizens into something that's uh decentralized it's it's only one government regulation away from from bitcoin being outlawed and and the opportunity being stripped away from it temporarily curious if you're watching this if you're watching this comment below do you think ray dalio is right and there's gonna be some kind of a you know a bitcoin being outlawed or controlled by the government tom what are your thoughts well i think ray's not trying to make a controversy here i think he's really looking at a historical case study because the governments they control the interest rates they control the money supply m1 m2 and they're out there want to have the knobs of the economy and they don't want a secondary um you know currency or value under there that's why the whole thing happened from the gold reserve act in 1934. so i i don't think ray is trying to be controversial but i i think that the governments with the fiat currencies and fiat currency meaning currencies that are not backed up by gold or silver they're just you know the you know the the implied trading value at that at that moment as compared to other currencies they don't want to they don't want to lose that because they lose control of the actual you know economy itself in their secondary economies there is a case study on this and it is russia and the joke during the reagan administration with russia is like hey russia can come to the monetary trading system once they have a currency of defined value that can be traded against other currencies remember the ruble was a joke at the time remember that people said what are you talking about they do have a currency that trades against other currencies it says it's green it's got pictures of u.s presidents on it and so the joke was that it was u.s currency was the hard currency in russia that the russians would actively conduct commerce on and that flipped out you know the russian government so the government's and there's there's your case study there forget about communism forget about things but the russian government didn't want the u.s dollar to be you know this underground currency and they put a lot of steps in try to control that and it failed but the governments don't want to give up that control man so so go ahead pewdie what do you think i mean dalio's got a vested interest to outlaw bitcoin i mean he's a fiat currency guy he he is a fiat currency guy but that's my question for you about bitcoin okay kyle i want you to think about this as well from a young standpoint on what you would say about this so what is more necessary and and beneficial selfishly for the government so think like a politician think you are biden think you are janet yellen who janet yellen's been one of the biggest proponents of trying to control bitcoin she's not a bitcoin person she's not necessarily a pro bitcoin person right taking elizabeth warren is elizabeth warren pro bitcoin i don't know she's a regulation she's a regulation person right if you look at a a biden a elizabeth warren a bernie sanders here's what's the weirdest things that's happened when i talk to people the guy that sold that nft can you pull up nft underways uh every days he just did a nice one of elon musk yesterday by the way i don't know if you saw that on a pretty sick one he did yesterday of uh so so he sold this for 69 million dollars i asked the question in the interview i asked the question in the interview uh tom you've heard about this the every day it's 5 000 days every day he designed one and then he put it together as a college very prolific people people he's phenomenal right so him and i spoke last week mike and i asked the question when he did the the auction at christie's and christie's you know christie's auction house they do bigger things they do artwork they do stuff that's physical he said there were 33 bidders active bidders the last hour of the item it's like at 14 million ended up selling for 69 million i asked the question i said 14 million 33 bidders he said yeah i said out of those 33 bidders how many of them are bitcoin how many of them are bitcoin millionaires he said all of them they're all bitcoin crypto cryptocurrency people so which means what every once in a while you know something comes in where most people don't take advantage of it okay where an average regular joe who is a little bit you know different weird people call them crazy people call them out of the ordinary ends up buying into it and they put a thousand dollars in bitcoin when it was nothing a quarter a dollar two bucks 10 bucks 30 bucks whatever it is they put 10 000 into it now they're millionaires now they have money some of them have real money some of them have a few hundred million dollars a few of them are billionaire crypto billionaires that are out there right okay what happens when people are popping out being billionaires and millionaires in an industry that not many people looked at and trusted and there was a community that was doing i don't know if there's gonna maybe there's gonna be some stuff that's going on that's shady now they have that money okay so how much money was being made selling cocaine years ago and i'm not making a comparison the only reason i'm saying this i'm going to a place with this how much money is cocaine per year how much money is pot per year how big of a business is it how much money was alcohol when bootleggers used to make money how much money is it right is the government more concerned about control and the worry of currency manipulation with bitcoin or is the government more concerned about collecting taxes because if you do over regulate crypto or bitcoin or any of that then where do you collect the taxes from all these people that are making billions of dollars that's revenue going back to the government so what's more important to the us government the control of the currency to not be able to manipulate our current fiat currency or the ability to collect more taxes and add a tax to it so again let me let me go a little deeper so this makes sense to you so maybe there is no regulation but maybe there's a bitcoin tax maybe they're saying we're not going to regulate it but we're going to add a 15 like you know the same thing they said the we tax in new york 13 9 goes to the state 4 goes to the localities what if there is a tax on bitcoin rather than a regulation is the government thinking revenue or is the government thinking control what are your thoughts i think control is taxation i think if you're going to control it because because you want to tax it and if you can tax it you can find a way to manipulate i think it's both pbd great point you know when russell ochong the nfl players had paid half of my 13 million dollar in bits bitcoin i mean so how do you tax now half of a salary when the other half of the sale it's easy 40 whopped you know just chopped right off to the uh to the income taxes but the other half of his salary went from 6.5 to 8.5 10. you can't tax it because it's it's bitcoin so i think it's both pvd tom i i i think the conservative side of government wants uh reasonable controls and i think the highly liberal side of government wants to tax everything with controls so i think it's a little bit of both and i think the you know the central banks and the money policy people they want the control back because they control the world's you know financial system if you're if you and i you've been in the world of dealing with investors for a long time right an investor if the if you represent an investor and he brings in the money okay what are some ways investors control the entrepreneur what are some ways if you were to tell us i know it i'm just hearing from you so the audience can what are some ways the investor says i'll give you this 5 million i'll give you this 50 million but these are the controls what are some ways the investor controls the entrepreneur the most common thing that people find with venture investment or private equity investment is what's called the preferred position they have what's called preferred stock so they get to approve every transaction over x and then there's the operating committee you have you have your boards and they get a couple board seats so now they got a certain number of boards so they put these control that in exchange for my money i get these controls because you're a nice entrepreneur i want to make a buck on you we all want to make a buck on this but we're going to be on your board controlling these things and then you can't spend or do things beyond a certain limit here or bad things happen and so they they put controls around their money and how many controls are there like let me let me maybe you're not going as deep as it can be so one is preferred the other one is voting control correct the other one is how much money you can pay for yourself for salary sure the other one is how much money you can spend in one transaction so if you're gonna do anything anything that you're gonna spend over fifty thousand dollars you need our approval a hundred thousand dollars half a million dollars a million dollars whatever how much uh the profit money is a bonus for executives versus a dividend back to them to everybody that they participate in there is so many different ways that they create controls right correct here's a question for you historically what are some ways the us government can impose controls on bitcoin taxation being one of them what are other creative ways that a janet yellen or a biden administration can create controls on bitcoin and cryptocurrency wow you're spooked yeah the guy who's so so so all i'm asking is there are so many creative ways what is the way what are they going to do to create controls you know attacks being one of them regulation being another one you know uh uh how much uh a a like you know how um remember when the gme the gamestop stock went up and then all of a sudden they said what no more activity no more activity is there a lid to be put on it on how much it can go can they price it themselves you know one controller is coming and saying hey gold is worth what was the dollar amount back in 1934 when it was it goes were 30 to 29 34 dollars you remember what the number was 36 some number like that where they said here they dictate what it's worth so can what if they come out and they say we're gonna regulate you say bitcoins worth fifty thousand dollars per we're gonna put a number on it bitcoin is worth ten thousand dollars per like i'm not saying that's what they're going to do all i'm asking is you have to anticipate that regulators think very differently than freedom libertarian leave me alone entrepreneurs innovators so we have the sec and the market controls right okay and the sec influences used to be the amex used to be chicago board of options you had all these markets out there where you could buy and sell stuff whether it's fruit and livestock futures or a share of stock or an option on stock and the sec has got things in there about volatility and what's called the circuit breakers if the circuit breakers trip they suspend trading on things so they can put tight controls in there that are deemed to protect the investor robin hood remember limited how many you could trade a certain day sec could step in and do simple things like that there's a lot of ways that they could control the momentum the amount and go back to the uh it's not even a hundred years ago the federal reserve act 1934 of how much you can own i just thought about something the easiest way to to control and manipulate it is to increase if you want to pay for something we can hear you if they want to pay for something in cash or credit cards at this price but if they want paying bitcoin is this price right yeah the other part is like look what happened with the industry you and i are part of right you got a joseph kennedy who gets recruited by a roosevelt to come in and try to figure out the stock market manipulation and joseph kennedy calls a meeting apparently that says hey everybody needs to come to new york who's selling stocks and people didn't show up it's like wait a minute you better listen to me and show up they didn't show up so he says you know what the only way you can sell stocks moving forward is you have to pass a license call the series seven then everybody ended up showing up they said the only way you can sell it you have to fingerprint because back then there were caches being handled so they came and do finger we're doing fingerprinting till today we don't even touch cash we don't even know why we're doing fingerprinting till today right so there's an element of licensing there's an element of you know those are the things like how all of they're pretty creative when they come out with regulation kai do you have something in mind you want to share with us yeah no so i think i think the biggest thing for them also now that uh essentially because bitcoin you keep in a wallet right that wallet essentially the government really doesn't have access to they don't know how much is in there depending on how much you've earned if you buy in low you sell high kind of this that and the others i think a big a big part of it is that that money can sit in the wallet and you're not paying any capital gains or anything of that kind uh so now that say tesla is allowing you to buy a bitcoin right or buy it yeah with bitcoin i think that's the only place where government realistically can then go in and take a piece of the pie because now they can see oh you have that you're trading that value so then they have to come in with some sort of tax there because if not the bitcoin can just sit in a wallet and that money can store that money can stay there it can grow yadda yadda yadda or the other way is when you then put that money from you the bitcoin into your bank then it's kind of like oh suddenly you have 40 million here what's going on mr xyz um so for regulation or just purposes of taxes i think that they're gonna have to find a way to tax spending money with bitcoin on buying something in that transaction you have to find a way to kind of get a piece of the pie there i remember when uh you're right kai i remember when there's a point in time you can buy something on amazon or ebay without having paid tax on it there's no there's no tax on it now that's right now they're tax that's right so this is just another evolution can they stop bitcoin i don't think they can but they can find a way to tax it yeah well there was also that you long ago you could commit several wire transactions and you could effectively obfuscate what you were doing with money and then the federal government said it okay to control it they forced the banks to be the reporting agency and be not really the cop of the reporting agency so what's the limit on a wire transaction now where the bank has to turn in your social security number and the wire transaction ten grand right a deposit of ten thousand dollars in a bank the banks have to report it correct so now who's not so now the government's got the okay in exchange for fdic insurance you have to and all these other benefits of connecting the money supply and the overnight borrowing rate for all the banks now you have to tell us every time there's a transaction of over two ten thousand dollars good point so now they're collecting all the information so they can come back to you on an audit and say matt you had all these wires going back and forth you can no longer hide where your money's coming going from was this income or is the savings to check in what was going on here and they they know it so there's a lot of other controls that go in there that was one of the first we talk about the government having too much data on us and things like this that was a data gold mine for the irs auditors now they had the banks recording and reporting every ten thousand dollars so banks would have fdi say the bank was to go in the default the banks have fdic if if uh if uh you know a brokerage went you know went to default you'd have the sipc what would it be for crypto would be for bitcoin there is none well there wasn't those until they needed them was that correct until people started losing a lot of money that there it is here's the protection so so you're saying if all of a sudden a lot of people lose money and there's a dramatic drop off then we may have an sipc type of thing set up correct got it interesting that's the regulation to protect the consumer there'll be a crisis and government will say never let a good crisis go to waste and in the name of protecting us there will be regulations and systems put in place we got homeland security protecting us as we go on airplanes now that didn't exist right we had a crisis and now we have a new government agency as ronald reagan said there's never anything so permanent as a temporary government program it's receipt bills and stop signs the stop lights came from because somebody got into a gun to erect cost people their lives okay crypto right now is at fifty three thousand dollars right crypto right now is that fifty three thousand dollars what's more likely crypto going to a million or crypto going to ten thousand oh good one i'm the i'm the optimist i'm going i'm going to a million million you you wait a minute you think ten thousand so you could it come back to 10 000 on a cell spike a spike of selling momentum that drives the price down sure it could but the limited supply of crypto is like limited supply of real estate in malibu the way that works that limited supply ensures scarcity so i think there is actually yeah could it touch 10 grand on on a trading blip we had so many people trading on a certain day sure but i think long term it's more likely that it continues to trend to a million very very interesting by the way if you like the exchange and the ideas we had on the bitcoin side uh hit that subscribe button and the notification button even if you think you're subscribed believe me many of you are not this is not valuetainment this is pbd podcast click on that subscribe button next topic to get into is biden's press conference did you guys have a chance to listen to biden's press conference some of it i confess i didn't dive in deep so you know from what you heard you know the topics that they had you know i'll go to page six so part of it was his re-election uh uh i watched the whole thing and it was pretty interesting seeing what was said because there was one side that they said he was horrible and there was one side that said he this the greatest maybe the goat of president from what he did so biden intends to run for re-election president biden the oldest person to be sworn into office 78 years old said he intends to run for re-election ask the vice president kamala harris would be on the ticket he said i would fully expect that to be the case she's doing a great job she's a great partner biden said former president donald trump has filed for re-election uh uh early in his presidency uh had filed for re-election not has filed for re-election had filed for reelection early in his presidency because he needed to biden also said oh god i miss him with a laugh asked if he expected to run against donald trump was 74 years old biden said oh come on i don't even think about that i have no idea biden then blamed trump for all the border issues which will uh he got into you know pretty aggressively i think most the covet topic lasted two minutes of the entire thing meaning media is not even worried about the covet situation you have to know that media only asks whatever area you have problems with so if the media didn't ask any questions about covet that means they're over it listen it's good we're going back 100 million 200 million you know but but they spend a lot of time on immigration okay under pressure over the flow of immigrants migrants of the southern border biden took aim at his pr predecessor saying that the president trump eliminated funding and resources for the border biden said what we're doing now is attempting to rebuild we're building up the capacity that should have been maintained and built upon and trump dismantled it it's going to take time unaccompanied miners are crossing illegally each day in record numbers with total uh crossing this year on pace to hit a two-decade high facing growing bipartisan pressure the administration is ramping up its diplomatic efforts and racing to find more shelter space to house children as it tries to tackle surge of asylum seekers without adopting the aggressive deterrent strategies of previous administration so you know couple things were asked which was interesting he said we're about to put 5 000 beds in fort bliss for people the migrant kids that are coming here people are coming here from texas and then the question was asked by uh uh one two ladies one lady says look you know your campaign was around how noble of a man you are and how amazing of a man you are and do you think more immigrants are coming to america because they're seeing you be more reasonable and so they're wanting to come to america versus when trump was here they felt like they're going to send their kids back so they didn't send their kids do you see a spike in more parents wanting to send their kids here because you're not sending them back okay and his ins his response was interesting he said he said no i don't see any difference there he says and if it was because i'm nice i don't think people are sending their kids more here because i'm nice this is an issue that's been going on for quite some time and it's not something that i have any issues with then another lady asked the question said a lady from honduras sent her a son nine-year-old son to come and cross the border because she felt you again wouldn't send him send him back he would let him come to america uh and that message is coming across where more parents are taking their savings and they're given to coyote to bring the kids to america and he says no i'm not that's not the case either you know if they do come we're going to do our best and another person asked and said well how come we can't see anything can we see what's going on and what's the plan down there he says i don't intend to go down there myself because i don't want the attention to be taken off what the people are doing i don't want to go there with secret service which you know trump would have been there in a heartbeat and so would have obama so what if other people would have been their heartbeat and he says i'm not intending on going out there i'm going to send my troops my people to go out there and see what's going on and come back ted cruz gets on and he gives a speech he says never has there been a president not obama not trump not clinton not bush who didn't allow media to go to the borders to see how these kids are being treated there's a big uh you know a spread of covet right now going on so biden's using that as an uh as a way of saying well we don't want people to go out there because there's a big outbreak we don't want a lot of the media to get coveted so we're trying to protect you anyways there was a lot of different things that was talked about but they were hitting them you know hitting them very strongly on the immigration part tom do you have any thoughts on the how immigration is being you know the borders being handled right now with biden versus how it was handled prior to him with trump yeah yeah i think it's early in his presidency his policies haven't really been fully implemented and the last thing he wants is a board media down there finding an angle and i don't think there's much change that's gone down on there you know there hasn't been time to and so he doesn't want the media to go down there because now any kids remember the terrible thing we would see kids in basically not little small detention apartments or holding things but they look like cages it was terrible um it was terrible and it started under previous president i don't think he wants anybody down there you know taking pictures because this is now his problem you're the president so even if you didn't start it it becomes your problem and you gotta fix it and you gotta finish it oh that's what the sound is this entire time i've been thinking it's the mic it's the way tom's speaking that's what you're doing i'm calling these guys out there like i'm telling you it's not the mic it's time okay all right so i'm relieved tom thank you for that that that that thank you for distraction so we'll go back to what i said i don't think biden wants him down there taking pictures and doing things because now he's the president so he has to bring the solution they'll put it on him that's not what he what do you think about a matter you know i'm from the perspective of my friend craig sawman sawyer is a former navy seal and he's there at the border all day he's seen a huge spike in people jumping aboard a huge spike and sadly a huge since his big thing too is also preventing human trafficking huge spike in human trafficking too as well so so it's it's it's it's more now than it was during when when trump was controlling the border he's saying it's more now than more now than it was why do you think that is well you know there's there's a lot of factors going into you know and again i'm again from my perspective of what my family had to do to get here from the philippines it was it was a it was a recruitment into the nursing program for my mother to get here to say i'm going to be a nurse to be recruited into the united states and then our other family members there's a five-year waiting period 10-year waiting period for them to get here to the united states from the philippines versus people just come here to the border and because of these uh these loosened uh policies to say hey we just come here we'll campaign we'll get we'll get across we'll get across to find a way to get here kind of bully the way and kick down kick down the uh the gate kick down the door um you know i i don't know why it's it's it's getting to that point but uh it's a huge influx of that you know from from a practicality standpoint which would become biden's problem because now he's the guy in the chair blame your predecessor blame whoever you want but now you're the guy in chair you got to fix it right yep yep you know again this is uh this is not going to go away meaning i don't think even the liberal media is going to let them go with this without holding them accountable to it because there are a lot of people in the liberal media who are latinos and latinos who are going to want to be seeing what's going on because their loyalty is to their community and if they don't ask those questions about what's going on with their community their own people going to be like how come you're not holding the president accountable i think that's a great point i think that's a great point what do you think it took so long i'm sorry tom no i think that the you know the the media is not in a locked lockstep with biden they really wanted him elected but they're not in lockstep with him there's a civil war inside you don't think so no way i think there's a civil war inside the democratic party with bernie over here and i also think there's a civil war that's going on inside the media between the people that are being told to be lap dogs and be nice and the people that have got strong viewpoints and they want to see change such as i i have deep respect versus people of hispanic descent that are in the media they're they're speaking up and want to see change you want to see great benefits come to these issues and don't just want to be a lap dog on a political party basis i have deep respect for them and they're going to speak up and they're going to make the stories out of it what do you think it took uh biden this long to get an official press conference you know you know the whole thing with uh he doesn't know how to handle himself in public when they ask him questions there was a couple times where you kind of like that was that was very weird he was going and he's like yeah so here's am i talking too much and then lady helped him it's like let me just ask my second question yeah okay okay go ahead go ahead so that was a little awkward i don't know if you guys caught that or not it's very very awkward another part was uh do i need to go into more detail okay i'll just stop right now yeah that was a little awkward and then there was another part where uh uh he was going off the co like one time he just read what was on the card he just went like this he's like so what what i think we need to do is he looked down for 30 seconds just reading the card to answer the question okay but then there was another part where he went speaking for 10 minutes and it wasn't based off of a card i was like that seemed reasonable what he just said right there i actually was tracking with him and he was given stats and data and numbers and here's what happened here so so i don't think he is where most people think he is i don't think he is where most people think he is where he is you know uh uh what's the word they use where uh you know he can't remember he's coherent not coherent there's another ward but cogent and lucid yeah so so i don't know if it's those words that's a level above me with words but uh but i would say at a point where he can process issues and communicate with people now why do i think he's not done a press conference for a while uh you know i just don't it's like why does somebody play defense and make a player go left because they don't do well going left right you don't do a dribbling to the left so you as the offensive player have to figure out a way to get what to the area of strength which is to the right his strength is not public speaking at all joe biden i don't know how many trophies he won public speaking it's not his strength it's definitely not so if that's not the case you just have to have other people doing the talking form and not being him that's my thoughts pbd a question for you on this tell me buried in the middle of all this was the announcement that kamal harris our vice president is going to lead the immigration effort she's going to lead the border investigation and there's a lot of voices out there that said that she wasn't selected to be vice president he ended up with her vice president that the whole mechanism and the whole say that one more time he was what she was not supposed to she was not selected by him to be vice president he ended up with her vice president because the whole democrat party apparatus was like hey we got to have a woman show them gonna color there's a lot of good reasons for sure so every little girl in america could look up and say hey look i can become vice president i can do that that's very very positive but there are forces out there to say hey you know biden ended up with her he didn't necessarily want her and the best place to her there's now voices saying hey is she being set up to fail did you hear some of this yesterday yeah what do you think being said the appointments that she was yeah there's democrat voices that are saying hey she shouldn't be in charge of immigration like this is a leadership issue you should is she being set up to fail i don't think she's being set up to fail i just think she was selected by others i don't think she was selected by biden i agree with you there yep let me ask you do you think uh obama picked biden let me ask a question a different way let me ask a question this way here's a better way of asking a question what percentage of obama picking biden was him so you can say i think it's 70 30 obama or 50 50 obama 50 percent of dnc okay well i was i was a a freshman senator but i remember meeting joe good guy friendly guy effective in the senate long tenure and uh it was about sixty two and a half percent my decision so you're you're gonna say so you're gonna say majority was obama's decision i think madrid i think the majority was obama's decision but he was heavily influenced because he was walking into a room he'd never been before this is a freshman senator i i think okay let's say 62 percent is what you're what would you say i was going to say 75 25. oh so you think it's him picking on the fight no the other way okay how about you go to uh uh trump do you think he picked pence or do you think somebody else picked pence for him i think somebody else picked pence for him what do you think is a percentage with him and pence i i would say the same percentage because who can really uh be the parent in the room when it come when it came to trump okay what do you think tom pence uh i think pence was a safe vanilla choice he got a lot of help doing but i don't think anybody tells donald trump what to do so so okay so you're saying uh 90 trump 10 percent whoever told him that these are your options okay i can see that you need an ohio you need an ohio indiana guy to balance it off you're a new yorker let's get another video indiana midwest guy appealing great choice by the way if you think about it christian guy not a lot of controversy let's see if you can go with that donald all right let me think about that okay did bush pick his vp george w george w what percent i think the bush political family was well established and i don't think they needed help from the republican party and i think they picked dick cheney for a lot of reasons do you think he picked it or the family picked dick cheney i think he got a lot of help from papa so what percentage was uh was bush i think bush was probably about 25 percent okay so so it's probably his dad okay so clinton pick and gore who picked them what percentage is bill clinton picking gore um i think the same thing i think democrat party said hey you know you're southern you know this guy's a good senator he's got more experience than you do you're just a governor remember he was just a governor yeah you get a guy from washington arkansas so and then so you took this neutral tennessee guy that didn't have a lot of controversy gordon remember people i i don't think in those positions anybody regardless of what party i don't think the presidential candidate has much of a selection of who the one is the vice president i i think some some is more than others i think sometimes more than i fully believe some is more than others like i fully believe uh a you know or what do you call it a reagan is a guy that went in saying hey here's kind of who i like uh to be my guy and he was given feedback by james baker with his options and they sit there and they process it and then he says here's who i'm picking okay great so and there's a lot of negotiation on picking as well like when kennedy picked lyndon johnson it was all strategy because lyndon johnson hated kennedy so kennedy wanted to get rid of one of his biggest enemies his number one enemy which is who and the fastest way to turn an enemy into an allies to what he will you be my vp right and he says i really don't want to be your vp man you know the hell with you i should be the president you should even consider being my vp but i get it let's make this work and they needed texas so the electoral vote math was there remember that thing was close yeah so here's the magical question what percentage of biden was him picking kamala yeah twenty percent i disagree i totally disagree zero percent what do you think it was on youtube the think it's the party i think it's zero percent biden pick and kamala yeah i i think and the reason why it's zero percent is because biden didn't win the election the party did correct biden didn't win the election trump won the election okay bill clinton won the election if you think about that bush the party won the election i i i don't know if i'm making sense yeah right so there was a campaign yeah clinton was a beast right yeah i also think obama had a lot of same pick and biden because obama won the election when obama ran for office don't forget everybody was banking on who hillary to win okay they weren't saying obama's going to win it was like hillary is going to win so obama won that election so whoever wins the election i feel has more of a say on who becomes every p than the party versus whoever whatever party wins it and they choose the candidate the party chooses who's going to be your vp i think biden was zero percent him choosing kamala biden was just told kamal is your vp what do you think the percentage of somebody picking a vp just to get over the finish line or versus somebody that would be good fit for them for the four years okay so if you go back and think about who the vp candidates were for uh for uh uh biden who were some of the ones that were good candidates uh do you remember the names rice exactly who else okay if you have a choice between susan rice and kamala hurts who do you go with are you 50 50 yeah i'm probably 50 50 because i'm not really a big fan of either one of them um you know minnesota what are a great choice minnesota would have been a great choice okay yeah minnesota or michigan no minnesota oh menace oh i'm sorry i thought you said the uh yeah that's that's what i thought you said uh i thought tulsi would have been an amazing they would have never picked tulsi because tulsi says what's on her mind they wouldn't have you're asking me yeah as an american i would look there and saying you know veteran leading estate even though it's why i i would have admired that choice yeah so to go back to it when you're asking a question about kamala harris do you hear about what kamal harris did yesterday like working on women and women empowerment you know who he she reached out to for advice who's that bill clinton wow what is that confusing or what am i the only one that's have you guys seen this or no can you pull up kamala harris asked bill clinton for advice and the media flipped out like she she's just put bill clinton watch this here watch this year kamala harrison bill clinton touting girl empowerment okay can you like that just makes no sense by the way and kamala harrison bill clinton touting girls empowerment together is a bad joke which news news baby which news by the way this is nbc correct why can't the democratic party quit the former president if the party is truly going to welcome women it has to get rid of the political milestone around its neck millstone around this thing so i just i just don't understand why that's just so confusing does that look good for the party by the way no frankly i'm glad that any woman calls me anymore you know closing in on 80 here of course i put that video in there you know but the clinton affair by the way this is nbc putting this out this is not like anybody else putting this out there right so this isn't drudge or fox here no no that's that's nbc can we see can we see what was what the cnn said about the headline here go go to different headlines just go back cnn would say so what did fox news say so okay president okay now go back go back fox is gonna say just go back to where you were before kamala harris to a whole discussion with bill clinton on empowering women and girls okay foxness is actually very neutral nbc news took this shot this is a bad joke market watch kamala harris and bill clinton are holding the talk about women empowerment can you kind of go to what the rest of the line is q uh uh uh by that oh they don't even have it here how funny is that everything we put in the search doesn't come down in the news none of it matches the new did you see that go back and go back and do that again yeah no no what does that have to do with what we searched interesting wait go wait i'm confused here this is google we have to search kamala harris asks bill clinton for advice we click on news none of the links that come up is about what you searched on google the google algorithm doesn't seem to want america to see the clinton story do that go back up go back up to all okay i guess now try okay use the same exact copy paste exactly what you have and go to yahoo it's kind of interesting many search engines are i'm curious let's see what they say here just copy paste okay vp slater 101 with bill clinton the blaze okay so the blaze is at the top fair enough they put the blaze at the washington examiner rose mcgowan asked if kamala harris has a soul wow do you even have a click on that click on that click on that actress and feminist rose mcgonagall after agreeing to obscene event with bill clinton on empowering women wow that's not good guys these are all the people that defended clinton you have to keep them there well no rose mcgowan if you know who she is she's uh um this is obscene kamala harris you speaking with bill clinton about empowering women and girls is disgusting have you no soul have you no ethics ask him about being on an island of human trafficking victims 27 times you're showing us exactly who you are go back go back and let's see what other sites we'll see you know as i analyze that from rose mcgowan i have a a small sense that's kind of growing on me that she's upset scolding lower goal and lower goal the lower goal okay davideike.com comes up well you got to be kidding me okay hell was he doing look at that right so you know so i i don't know the question i would have is who the hell is advising them right now that's what i'm asking so you have a meeting and you say i'm thinking about putting a girl in power in a meeting together oh you should call bill clinton by the way you should be a writer do you know how the media knows this huh the media knows this because every day you know there are agendas that are put out for the potus what's potus doing today in the media's given agenda he will be here going here and then there's things they leave up the agenda and they get criticized because there is a billion dollar donor that was at the white house during that half hour you know you're talking about map so now sure the vice president united states agenda had that on it the only way they find out about this is either clinton leaks it or it was already on the activity agenda that's given to the media so they can cover the uh president vice president it's common sense so it means that to your point who's advising them there's also somebody in there yeah yeah we'll put the clinton thing on there what's the worst that could happen if there's any criticism if she wanted a private conversation with bill clinton could she have it private meaning just make a phone call nobody knows you're talking to correct absolutely sure so wait you're saying somebody set them up is what you're saying no no i'm saying that her team you're asking who's advising and i'm like that instinct i think is absolutely correct here because her daily agenda that's released to the media if i was her advisor i would say you know you shouldn't put straight call on there have a private phone call get political you know advice from him on how to manage these situations but for the love of god i mean what advice could he give what advice could he really give her so spin it actually actually think your kamala and spin it spin it i'm a media i'm asking and i'm not i'm not saying be funny about it i'm not being comical i'm actually saying spin it spin it and say hey uh vice president kamala here is out of all the people you could have chosen to speak to about a matter of women empowerment you have oprah winfrey you have uh you know uh michelle obama you have uh you know even hillary hillary clinton you have susan rice you have you have you have a number of women to go to you have daughters yeah vice president come on harris why why president bill clinton with the reputation that he has i don't know how to spin it because i don't know why with that list you just made he would be number 87 on my political advice 1000 million 87 so but how do you actually try to spend that one how do you spend that one i think it was just incredibly bad judgment tom that can't that i don't buy that i i don't buy that because i i have a hard time buying that i have a hard time buying well he's the sh he is a shrewd politician and very smart strategically politically but still the consequence is this that we just saw you know nbc sub headline what the hell was she thinking i was you know that's confusing to me if you ask me yeah all right let's go through some of the folks here that have been commenting and i've not come to you i'm going to come to you right now i'm freaking befuddled yeah this is this is just entertaining for me when i'm hearing this i'm i'm trying to figure this out and that doesn't make any sense to me okay i'm just choking heat and i'm getting pissed off about it okay the ms uh miss maroon 50 she said i've been working from home since last april and feel much more productive and stressed of the stress of being stuck in traffic is no longer there the traffic in toronto is horrible by the way great feedback okay so traffic i don't disagree with her on so to her the value is the traffic creates stress i want to go and work from home and be productive find the question then becomes uh miss maroon would it be a fair assessment to assume that you're a teacher if no please let us know i'm curious what your occupation is on uh on working from home or not working from home uh uh uh this year orodel noel zenitrman said every bitcoin transaction is already tracked and traceable it's going to be about control equals tax manipulation et cetera okay and that by the way that's sniff it's about to lead to the parody with our friend a guy that did the parody we're gonna watch here together i told him i'm gonna watch it it's gonna be reaction i have not yet seen it you saw it yesterday we're gonna have you seen it yet or you haven't seen the entire thing yeah he's good i saw a part of the parade for the funny sound no but i'm doing sniffing myself that's right i'm not i'm not blaming you for the funny sound no one makes more funny sound than me i mean i got a parody about me sniffing i was thinking the system was broken i'm chewing these guys out being texting them but okay all right let's go through it i understand you're the source but shared hotel rooms over 20 years time they don't make me go there with your source of sounds if we go to the source of sounds it's going to be a bad day for you buddy 2 a.m i thought there's a truck it's going to be a bad day for you okay all right the more they try to go against bitcoin the more they legitimize its use case it's a win for bitcoin and kryptos no matter what okay then we have smart training 360 65 bio mechanics gave 20 i've been trying to contact you for weeks your support team is very helpful but i need to speak with you directly any one minute of your time i have a suggestion of a business proposition it's worth it david one minute here's what i suggest you do why don't you make a video for one minute send it to me if it makes sense i'll call you just so you get this makes sense to you i get hundreds of emails every day and quite frankly it's challenging for me to do that but make your one minute video i'll commit to watching your one minute video if it makes sense i'll get back and can i add something there and sir go find the guy kawasaki 10 page business plan exactly ten page summarize it and send it with your one minute video there we go okay so then we have good mother gave another ten dollars she said biden administration said they won't turn away children parents now enticed to traffic their kids not good who is going to take care of these kids very good point because exactly these kids are coming with a number there you're calling the number the number is not necessarily going to the parents it's going to the trafficker then they're sitting there the coyote and they're sitting there saying who do we call how do we get ahold of the parents they don't know how to get ahold of their parents and uh they're they don't necessarily know how to handle many of these things over there then last but not least pbd ten dollars from mr clean bald guy what a phenomenal name mr clean ball guy pbd do you think they couldn't give biden some sort of a drug to just kind of give him a boost for an hour when he visits like a local plant a parent teacher conference has more energy in the room so let me talk to this guy here i got something to tell you mr clean ball guy and i hope you take this feedback i give you in the in the best possible way and if it makes sense great if you don't like it you can say whatever you want i will take it as well and receive it because i'm giving it to you uh i had a call with one of my very close friends let's call this person that means a lot to me and i spoke to this individual and uh one minute is the vaccine conspiracy theory another minute was what they're doing this another minute was another conspiracy theory another minute was another conspiracy 30 minutes i heard 10 different conspiracy theories and i i paused this person i said can i ask you a question and say what i said the i said you know all the stuff you said i've read about okay where are you going with this i said i've read about all these conspiracy theories as well i said when you read about all these conspiracy theories and you know you go down the rabbit hole yeah what about it how long do you get stuck in that rabbit hole oh a long time you know a long time one hour two hours that's okay is it really only one hour or is it a week a month a year two years what does it do to you then here's my other question for you are you more tolerable to be around are you more paranoid are you more you know you know annoying yourself because your brain cannot stop working you lack sleep you have anxiety a panic all this other stuff yeah i do have all of that i said then maybe you read the conspiracy theories that you're reading but if you can't go if you're not willing to commit your life to fixing that conspiracy theory then go live your life i don't know if this makes sense or not look all of these conspiracy theories you read about they're so entertaining tom you okay okay you gotta use the wrestling uh nature's ah snitches it's the first time [Laughter] put the camera put the camera right here this is the first we got to get tom by the way hey hey brooker brooker his daughter if you're listening yeah i think your daddy uh and these depends uh uh here's what just happened right now this the joke was that only adam would do this only adam would do this but that empty chair is our buddy biz doc thomas ellsworth one of the greatest human beings i know my life had to go on a bio break so what we need to do is we need to put a checklist moving forward before we start use the bathroom has to be added to the checklist okay just think about it he what he's right hey by the way if you've been mentored by patrick but david you already know if you've been doing this for years you already got the golden bladder we build muscle we build muscles there ourselves what we do you know to be mentored by pvd you got to hold it down by the way what the hell were we talking about what were we talking about prior to this conspiracy conspiracy let me go through this with the conspiracy theory deal this is very important and a lot of people have to really uh consider this for themselves if you you have a hard time staying focused right now if if you if you are willing to do something about it go for it meaning so you know how hey i'm gonna go fix human trafficking because i've read every single article on it and i'm gonna go out there myself and i'm gonna go contribute perfect go be read every single one of them more power to you but if you're somebody that reads one oh my gosh you're doing this reason oh my gosh they're doing this reason oh my gosh they're doing this and you go too much down the rabbit hole without the ability to want to make an impact it's just it's consuming your life and it's not making you productive you may want to minimize the amount of time you give and credence you give to a lot of conspiracy theories you read don't go too deep into it some people are going to say that's how you hold people accountable this is why people get away because somebody like you says a comment like this i didn't tell you i don't uh uh i look away i don't tell you i sit there and i say we shouldn't do something i didn't tell you any of that stuff all i'm saying is some people it ruins their lives their marriage their relationship the way they do do business the way they parent i can't see i can't tell you how many people i've seen go down the rabbit hole of conspiracy theories actually ruin their lives yeah absolutely if you're if you're not willing to commit to fix any issue you're not willing to complain against it raise awareness uh but if you are there just like a pinball and a pinball machine and you're getting smacked everywhere it's it's a rough place to be playing defense your entire life you feel better tom i feel much better comes back in the studio this is a real company you're giving me a bottle that i can pee in under the tutorial no no just like amazon they give those uh empty coke bottles to all their drivers so they can pee in them while they're uh you're being serious yeah yeah i mean thomas by the way you officially took the entire part that was given to adam away from him so adam if you're listening to this you are no longer the guy that we joked about first podcast coming late because you were using a bathroom that officially has been given to tom moving forward okay so we've covered a lot now i'm so sorry why why don't we do this why don't we do this so i get i get a i get a message i get a message from a guy saying hey did you see this guy that did the parody of you i said what are you talking about what parody i'm listen i've seen a lot of parodies they've done a lot of paradise of me they make fun of the accent they make fun of my look all this stuff but i actually thought this guy did a great job when uh the reaction i get from uh uh kai comes up this guy says hey pat he said this and he shows me the first 15 seconds i said stop stop it right now i said i like the stuff he's doing i want to watch the whole thing let's do reaction video and respond to him so this is my first time watching it i've only seen the first 15 20 seconds can we watch it and pause and or do you want to go through it or you want to pause it i actually want to pause it a couple times kai what do you think okay then go through let's see what he says here go ahead and we'll comment on it and we're off okay you need audio for it to work hi okay first of all you're always clean with your suits i don't know why his uh collar is on yeah well we'll see what he's doing here we'll see most people only see the final product for most people the successes the great cars the honda crv is the hardships the long years of struggle the rejection the knocking on doors and being held at guns he's got a gun let me explain stop explaining things get out of my face okay but say something cut it out okay actually explain can you go set up for the next mafia interview you were actually interviewing a real made man yeah have you seen goodfellas because i freaking love that movie do you love that movie you got rules to the game right because what are the rules of seduction you got to give them credit though did you like the you know whiteboard uh how do you double your money how do you make that happen and i said let me ask you a question and they say you get the white t-shirt he's missing the goat chain though by the way go back this is so funny the the way he's uh he's uh doing uh how i explained the interaction go back a few seconds young man we were ordering the bottles a lot of people ask me yo patrick uh how do you double your money how do you make that it's got the accent it's actually a question they say well patrick i asked you a question first and i said you know tag you're it now what are you going to do and so they say well fine if you're going to force what is every hair all so basically you got one guy making 250k you're making a quarter of a million dollars a year how much 2018. right there just go back go back matt we're going to talk about something matt no hang on hang on i was asking you that's it right there keep going buddy siri what's 24 times 36 the answer is 864. see see that's why college is becoming obsolete i sat my wife down the other day look maybe we are committed for life the court has to there you go so there's nothing we can do to come out of it because there's no way you're getting half seven things to do one is marriage take your time with marriage so i told my wife listen baby we got to keep looking good we have to keep looking good because oh here we go the sniffs here we go to sniff do you want a tissue no no i'm great i'm just i'm just letting my enemies know that i'm a competitor you know it's supposed to startle you sharp inhale through the nose the sniff you see it in the animal kingdom all the time the king gorilla will just kick around and i'm like oh my god what is wrong with it what do you mean let's talk about that you worry about your game executing on your plan there are actually uh six areas i want to discuss with you guys that you've lived first the story you know the story of being a good fella i was thinking maybe you and i we go in and we make a new one called great fellows what do you think you know painted to be in the movies of course you know i'm very lucky that i got out alive so you're being a bit of a right now you're not gonna and um let me explain to you let me explain to you what i mean you're a okay okay he's about to try the ball number one goal as an entrepreneur right so basically you need to ask yourself who is afraid who is literally terrified for their health for their lives for the family and then how can i make money off of this person you might think that i follow you let me explain let me explain to you what i mean oh you think i'm funny no i never said that like funny how funny like a clown please don't get into this the gangster life is not real you got an income problem thomas and that's why thomas do you love boom peanut butter friendly what happened kai a big thank you to magic spoon for sponsoring this video what is this magic spoon story it is oh really okay is it was it canadian all right so good for him by the way nailed it no i like what he did there's a uh in in title his name is what's sinbad what's his name captain sinbad captain sinbad great job good for you watch his valuetainment once he watches valuetainment once and does this so there you go i commented i said i haven't seen it yet but the reaction will be coming soon pbd here's a reaction video so you got it funny by the way you know last night we were at the house and you guys are sitting there watching this cracking up and this is your second time watching this but last night we were watching uh uh adam watched uh john mason's uh reaction video years ago have you seen that one john mason did a good one i've seen many of them but nine years ago yeah he was he was hilarious when he did that as well john john can do me better than i can to me is how good he is with it okay all good well sinbad uh you're hilarious i just realized every time moving forward i sniff i want to be thinking about you just so you know we have a relationship for the rest of our lives with this sniffing situation okay um let's see what we got here to go through okay boom boom boom okay let's talk about sue's canal i think that's a very important issue to cover here so enormous container ship got stuck in the suez canal blocking one of the world's most vital shipping routes okay a massive cargo ship just to kind of put in perspective how big this thing is bigger than the eiffel tower bigger than the statue of liberty bigger than the empire empire state building that's how big this thing is it's a quarter mile long container that is ridiculous how big this thing is so i just on business insider for every hour it's estimated that it's costing 400 million per hour per hour's is costing 400 million dollars so if you're wondering how uh uh wondering how a ship that weighs 220 000 tons and is the size of an empire state building ended up sideways canal officials say high winds from a sandstorm restricted visibility around the time the ship got stuck the location on the ground it couldn't have been wasted so as canal is vital but narrow link in many global supply chains and delays there reverberate around the world around 10 of worldwide shipping traffic flows through its narrow waters including roughly five percent of global traded crude oil no one is shocked this happened the swiss canal is only 300 feet wide shipping companies uh usually factor in extra days to their schedules to account for any unexpected delays but if it ever if the ever given clogs the canal for longer than that prices of stranded cargo from crude oil to consumer good could be affected tom what do you think about this i think we've got an outdated canal there you know that nobody wants to pay to make any bigger and i i think it's just really really unfortunate you know there's nothing controversial i see about this other than man this is this canal was built when you know and it's never been significantly so okay so but there's there is a comment there if that's what you're saying what you're saying is the world ought to come together put a budget to fix the canal if the world can come together and put a budget to fix the canal that doesn't become a one person whoever participates and benefits from it why don't we reinvest in it is that kind of what you're saying yeah you know you take a look at the panama canal and the suez canal just take a map of the globe and say you need those two you need those two points to get stuff shipped from here to here i think there would be an issue with that though because there's a toll they pay for going through the canals at that point i'd say if i'm a captain just we're paying you to go through this we're paying you to use this road why don't you fix it that's your problem it's the toll roads in new england suck they're all full of potholes all those tolls just go to the state to your point it should be used for maintenance and improvement but we have a lot of examples on toll roads around the world that don't three to five million uh barrels of oil per day are held back so that's gonna spike up gas prices uh uh yeah carrying jet fuel and gasoline gasoline oil is a gasoline and we'll go to the sewers canal right here egypt yeah i think the white i think it's uh they were saying is like 300 feet wide at one point you got to be kidding me yeah yep so it's very tiny oh my gosh yeah and they all have to stage they stage their are you kidding me that little change there'll be a thing yeah wait right there that little thing right here are they are they able to fix it or not yet are they making progress stuck and the thing is the way the boat is built it has like a bow on the front that is good for weather but that one has literally dug into the ground so they need to like dig in they got a dredge in there talking about the other part is they got to start unloading containers somehow on other ships so that it'll become lighter and they can readjust it you're going to unload it it's going to be interesting get some cranes out there ship the ship exactly yeah so this so they're saying that this can take days if not weeks to get rid of it which obviously is gonna clog a whole lot of global trade and there's talks that they'll be similar to you know how with the pandemic outages in the supply chains because the only option would be for companies to send their boats around uh the horn of africa come up which is quite the detour and quite the detour i mean that's just that's ridiculous and it's uh heavy weather down there too there's heavy weather at cape horn it's like saying there's no panama canal same thing in the city take a look at the gulf of mexico see all those red dots physically go physically to what it looks like i'm sorry go ahead tom you were saying no so you we'll get back to that a second let's go take a look at the there's this amazing picture of the stuck ship with this little tiny looks like a lego crane sitting next to it digging in the sand look how sideways it is there it is there you see that so as canal dredging firm take a look at that kai uh right nope right next to it on the right down right there look at that that's an enormous tractor look at this they're digging this out order of a mile ship yeah and it looks like a little lego doesn't it just like down there this is not the question is how often does this happen how often does it say sandstorms happen all the time first time but uh for that to be ground that way what do they call it who gets held accountable for something like this who's accountable for something like this this is a pretty big screw up the world is i mean the economy is affected by it first certain industries are affected by it who's held accountable for this well outside of the captain uh you got to look at the the shipping company the shipping company you got to look at the the port the canal controls so uh this morning brew actually had a good good comment regarding the the the trip it's like driving from new york to philadelphia via calgary via calgary yes and it is 6 000 miles and three hundred thousand dollars in fuel costs to the journey of going around versus through wow so things uh this is a prob possibly a justification for again gas prices go up fuel prices go up other things that this suez canal ships to other manufacturers for goods and services that go up were you looking at the source canal stuff or yeah so basically you've got two choices um choice number one is you reroute things choice number two freaking world comes together and figures out how to offload some of the stuff make it lighter and then you need that's a giant tractor there you need [Music] it's just like you need like 10 of those this this ship is the size of a country the japanese owner for skyscraper size cargo ship issues an apology we're extremely sorry for causing tremendous worry to the ships that are traveling our scheduled traffic and suez canal and all the related people you missed the first word oops we're very sorry damn gina let's see what he missed it's like the exxon valdez remember you know whether he was asleep or drunk remember that it's like louie wake up what you hit a state and this it's just not going to take a few hours a few days this takes a few weeks for this to get fixed yep cargo between asia and uranu ground tuesday man-made canal dividing continental africa and the sinai peninsula it all went sideways okay so last topic to talk about before we wrap up here um uh i'm looking at twitter kyle you seen any questions for us to go to or you've seen any questions for us to go to because i'm looking i want to get the twitter crowd we get a couple of questions here to wrap up with uh you know something else going on in the twenties okay towards mine the jealousy if i didn't join the senate 120 years ago so funny people love taking shots at our buddy biden here okay so what are your numbers okay if you guys got any questions posted there but we're going to wrap up here with the royal caribbean story royal caribbean just announced more fully vaccinated cruises this year this time in the mediterranean royal caribbean just unveiled a new summer series of fully vaccinated cruises and mediterranean only one day after it announced a different loca collection of vaccine-mandated sailings from bermuda vaccinated against covet 19 and craving a warm summer escape a broader cruise ship royal caribbean's newly announced seven night mediterranean cruises may be a good fit for you these new mediterranean sailings will cruise with a vaccine mandate this means all crew members and adult guests abroad the ship will have to be vaccinated against covet 19 while passengers under 18 years old will instead have to test a negative for the virus however royal caribbean notes that these protocols may change as they are evaluated on an ongoing basis thoughts well we uh we were participants in a royal caribbean cruise line a couple years ago we went to mediterranean went to uh islands a beautiful trip um i remember when covet first hit they wouldn't let that uh that cruise ship come aboard uh and and as much as people were hesitant about jumping on a plane will you trust and physically trust your body in the in a cruise liner for seven days four days five days where you're around everybody you eat everywhere you're together it's going to be interesting how the social distance is going to take place especially in the buffet when it's food time or times go show or time to get in line for onboarding onboarding debarking process i think they're just trying to get back in business baby yeah they're just trying to get back in business and one way to do it is okay if you're all vaccinated come on here we'll go on a trip because remember there were three crisises at the beginning of cobit right crisis number one what exactly is this virus what do we do about we just didn't know the biological makeup of it second crisis is what you know it's is this it the wuhan food court the what the what meat market or was it you know a lab over there there was the china conspiracy and then the next big story was the first two before we were using the word super spreader we had two cruise ships that were basically stuck was it uh washington no no no no no no they ended up in san francisco but they were stuck in tokyo weren't they like tokyo harbor that the cruise ships at the very beginning of covet and cruise ships have never had a reputation for being perfectly clean people talk about the water and food poisoning and things like this so i think they're just trying to get back in business and they're saying this is where we're going to do it i think is that something get some revenue coming in yeah the pritzker family owns the illinois governor jim jimbo pritzker um 55th richest man in the world the government that family owns the royal caribbean you know it's uh it's going to be interesting travel i i think with what we experienced just coming down here to boca flying at fort lauderdale just to see the explosion of of rental cars and businesses and people coming down here i think the same thing potentially going to happen here with cruise line people there's a the parties you were talking about the person wants us to stay home a person's okay around other people and the third person said i'm fine just being out and about they're ready to go who who has the most uh influence the radical uh who is like dude i don't really care whether i wear a mask or not the radical who is extremely paranoid don't get near me don't touch me you know this is we're being foolish state of texas being irresponsible for getting people to go back to work this is not the right thing to do or the people in the middle who are like let's just tell me what the rules and regulations i'll follow it who has the most more influence the most influence for everybody to be scared for their uh criticism of the other side which of those three would you say it is i think it's the one in the middle the second one because they have the bigger it's a broader base uh people that aren't uh you know they're okay with being amongst other people and kind of let me know what the rules are we'll follow i think that's uh the folks with the most influence what do you think i think people started out scared and then they were frustrated and now you have vaccination that people think is a panacea seal just let me remind everybody we get vaccinated for the flu every year because these viruses morph you know they evolve um i think that the seeing more people doing more normal things with a vaccination is a big peer pressure and raises and drops people's guard to say you know what honey we can go out now we can go to dinner now i'm seeing more of our friends do it they take a mass they're very careful but they're vaccinated and they're getting back into it we can do that too i think that's a very the pure around you seeing them to get back to normal we all want to get i think that's fair and i think i think that what do you think guy which of the groups have more influence yeah uh i think the the radical uh like don't care at all no mask no crew um i think those are obviously everyone can look at them and call them the crazy ones uh so in a sense i think it's more the not the middle but the the hysterical ones that's kind of where i'm at because they'll play the victim card scream scream the wolf so i definitely think that and everybody's scared nowadays walking on egg shows did you see what this person said did you see what that person said yeah exactly i agree with you who's doing that that's horrible yeah because of xyz i agree with you darryl okay final thoughts matt any final thoughts on urine or tom anything you guys got you know my final thoughts are back with this whole uh new york pot legalization it's interesting to see how things have progressed over the years where you know especially being a parent it's just uh it's just been interesting for me as a journey as a dad trying to raise my kids in this uh legalized marijuana type world exactly way too natural right there yeah way too natural right there i saw it like experience i saw it in boogie nights yeah right you sounded almost famous almost famous is where you saw it i am a golden god and my last thoughts is a gen z on remote work i'm looking forward to a hybrid model i think people are waiting to get back into connection with folks there's there's going to be some people that feel much more comfortable being isolated i think for the majority of folks out there waiting to get out yeah i mean just to see what people are doing here flying into florida people are waiting to connect again i'm glad to see the johnson johnson uh vaccine the one shot come out i'm glad to see pfizer's doing well in america with the two shot um i'm glad to see more people getting vaccinated and the more time that's out there also means that the more variants of the vaccine and the testing that's going on and to make that better i think that's good and i'm glad that american business is sensibly in many cases since very sensibly trying to get back going and get that people back to work and um i'm impressed with the resiliency of america just this past week and the things i've seen and i also traveled down here i traveled from dallas so i agree with your comments about travel and people getting back to it i disagree with all those you know people that were just super spreading down in miami not the way to do it have some brains man shout out to uh corrupted fifty dollars pvd and crew your thoughts on usn fighting with each other like we're gang members blue and red when in reality it's china who's the enemy for interrupting but congratulations buddy i really got what we got what's up saucy i get a did you see that that was impressive watching it live i was like this can't be happening ran off by the way didn't even hesitate well i mean you are free officially adam you are free i hope you think tom maybe take him out to chipotle or something yeah this is good man this is fantastic i think it's actually an emotional moment for you it's actually probably an emotional moment for you with this emotion the golden bladder award for those of you that witnessed history being made today with tom ellsworth this is the first time ever in 48 episodes somebody's done that history it went officially in the history books records are being made and broken and today's record was broken by mr thomas ellsworth first two first two that's right we're big on first two it's huge on first time we're big on first twos we like first two you're amazing adam let me tell you're amazing for coming out and and giving out shout out to tom gang if you're watching this if you enjoyed it the last 50 dollars came from yimi mourinho you guys are great i highly recommend my friends to watch your podcast and videos start to read the book my son and i also listen to the videos when i'm driving phenomenal thank you for that gang if you enjoyed today's podcast click that subscribe button help us get to 100 000 subscribers and i think we're doing this again next tuesday tuesday nine o'clock again put it in your calendar we'll see you there take care everybody bye bye bye bye bye thank you man thanks tom thanks you

Channel: PBD Podcast

Views: 50,682

Rating: 4.9079728 out of 5

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Id: INB0lPC1AZU

Length: 115min 20sec (6920 seconds)

Published: Fri Mar 26 2021

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