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- [00:01]
Tom Ellsworth
Did you ever think you were made again. For me?
- [00:10]
Patrick Bet-David
Adam, what's your point? The future looks bright.
- [00:14]
Anthony Scaramucci
My handshake is better than anything I ever saw.
- [00:16]
Patrick Bet-David
It's right here. You are a one of one.
- [00:19]
Rob (Producer/Tech)
They send you.
- [00:20]
Patrick Bet-David
I don't think I've ever said this. All right, great to have everybody here with us. We have Anthony Scaramucci in the house. We have Tom Ellsworth and Brandon Asseto. Anthony and I met 2017, 18. I don't know what year it was.
- [00:40]
Anthony Scaramucci
2017.
- [00:41]
Patrick Bet-David
2017. The first time we were at this hotel. First Bernard Kerrick comes, I do the interview, then Anthony comes, and then it was General McChrystal right afterwards. Great conversation. Great to have you back. Lots going on. Tom. We were talking to a Caucasian sports analyst this morning and I don't want to disclose his name, but he said something that some may call inappropriate. I just felt compelled to want to share it because I think the White House is always robbed. Don't you think the White House is always welcoming good recommendations, people for them to consider. If you guys are following the baseball, you know, the baseball classic, this game. Bobby Wood Jr. When they were playing us, was playing Mexico, which was an incredible game. I don't know if we can play, show the catch. He made this catch that seemed like he was a magician. Rob. I don't know if we can show it because I'm sure we're going to get hit with the stuff that they do. This analyst, I don't want to say his name, but you guys can guess who he is. He says the White House should consider hiring Bobby Wood Jr. To replace Christy Noem because no Mexican can get past him. So I thought it was inappropriate, little bit funny, but I. I'm not going to disclose a person's name, Tom. I just want people to know that I would never do such a thing. So I thought I was funny, but good for baseball. By the way, yesterday, Mikel, who runs the boardroom, comes to me quietly. He says, hey, Patrick, I want to show you Italy beat us yesterday. Eight, six. Like, are you American or Italian, Michele? But anyways, there's a lot going on tonight. There's a big game, Venezuela against er. That's going to be played in Miami. Should be a very, very big game. Anthony's son, by the way, for some of you guys that are into collectibles, I know I am. His son just bought a very small card, cheap card. He bought a very small card that nobody was watching, nobody was tracking. And some people call this son crazy, but this Guy's on the way to want to buy T Rex. He wants to buy anything and everything. He paid 6. Your son paid 16 and a half million dollars. He did 40 Pokemon card, which I'm sure we'll talk about here today as well. And there's a plan behind what he's doing. Maybe it's some of the investment DNA that he has from his pops. We'll see what's going on over there. Of course, we got to talk about Iran. With what happened yesterday, they're calling it the most volatile day day in the history of oil. Most volatile day. Prices going up and down, the President making an announcement saying, hey, this thing's going to be done soon. Then this morning, reports came out with US forces sink 16 Iranian mine layers, as reports say Tehran is mining the Strait of Hormuz. And by the way, some guys are like, look, I don't want to go through the President saying, stop being afraid. Have some courage. Go through. We'll escort you. No, we don't escort you. Chris Wright. We are escorting ships. Caroline Levitt. We're not escorting ships. What are you doing? Take that tweet down. There's a lot of stuff that's going on right now, communication wise. We'll address that to get some thoughts. Oracle stock went up, so the Ellison family is doing good, which means their shareholders are probably happy with the paramount decision that was made. If that ends up going through, there's a lot of talks about that. So hopefully we'll see as more stories come through. Ronda Rousey and Gina Carano. Yesterday, Gina Carano walked up on stage and I literally started getting 50 text messages of people like Vinnie and some other people texting saying, is she single? Is she single? I'm like, what if it's. Who's single? Gina Carano, is she single? And then in the interview, you know what? Gina Carano announces that she's engaged. Rob, did you see that? She screwed it up for a Gina. I had all these guys messaging me, anyways, you look amazing. Rhonda had some choice words towards the UFC with Jake. Paul was right in between them. Rob, I don't know if you saw that or not. I don't know what we can show. I'm sure maybe we can show some of that stuff. So that fight, Rhonda said, this is going to be the biggest fight in any mma. It almost seemed like she kept taking shots. Not sure the history. We'll cover that a little bit. And then aside from that, we have to talk about Putin and Trump had A phone call together. First phone call this year that they had. It's a long time to have the first phone call this year in March. But they had a conversation together. Oil prices declined nearly after hitting 120. I said we'll talk about that. Let me see what else I got here. Consumer index CPI came in right this morning, 2.4. Am I saying it correctly? The reports literally just came in 30 minutes ago. 2.4% better than expected or expected. It's a positive sign on what's going on, but just a tick better. Brandon is not happy about it. He's always got something that he's not happy about with the president. He's going to share his thoughts. Anthropic. We have to finally touch this story. CrowdStrike and 11 other stocks that have gained every day of the Iranian war. We'll talk about those 11 stocks and a few other things. When Mexico trade agreement, if we get to IT, Hong Kong firm 6 $2 billion over Panama takeover which by the way, that's a story that's important. We'll address that. US economy shed 92,000 jobs in February below expectation. So this CPI may be good, but job expectation not good. And then we got a few other things we'll get into. We'll give an update on the Iranian women's soccer squad. There's a picture of one of them flying back on the airline. You see her picture? She was forced to go back. Two others I believe, seeked asylum and they got it. And then there's this thing called the NBA. It's the worst game it's ever been. Today nobody plays defense to the point where a guy from Miami Heat yesterday scored 83 points. The team scored 150 points. They got to go back to the defense days. Nobody plays defense nowadays. They played against the Washington wizards that have 16 wins and the guy scored 83 breaking Kobe Bryant's number of 81. There's only three players that have scored over 80 points. I don't know if bam. You know, listen, congratulations to him. Good for you with the history books. He shot nearly 40 free throws. But it is what it is. We're definitely not going to be talking about that. I'm just putting that out there that the NBA needs to start playing defense again or else it's getting boring. His l having said that. Gang, before we get into the stories, I want to tell you guys what's going on with us. We're hiring aggressively. Nearly 50% plus of the employees that work at valuetainment. Any one of our companies, whether it's the valuetainment investment group, whether it's Bedevic Consulting, whether it's Manect or higher metrics or the production team or any of this stuff that we do, 50% is not from here. They move here to work with us. If you're looking at the different jobs that we have right now, we have, I don't know, 30, 40 different job openings. Rob, if you have the clip to show on working over here, if you want to play that clip and then at the end I want to give you guys a tip. Guy sends me a text. A lot of people send me text saying hey Pat, can you put in a good word in? My best friend's nephew applied, you know I applied. What can I do to get up there? I'm going to give you a tip at the end what to do to be a differentiator. Because our HR team only looks at people that do this one thing. But go ahead and watch this clip. Go for it, Rob. Many times when people think about valuetainment, all they think about is a podcast. But it's a lot more than that. It's nine companies working together on an 11 acre campus. If I was to give you a virtual tour here, you'll see the HR department hiring talent acquisition. We have full stack developers that are working on mannequ and hire metrics. We have a full fledged events team that puts together events with thousands of people. We have a merch department designing the latest product. We just launched the FLB shoes made in Italy. We have a marketing department and if you go to the complete opposite side of the building, 50, 60 people making calls, working for bedavid, consulting sales setters. And then on the complete opposite side of the campus there's a full on production company with editors, shooters, creating content, doing podcasts. Then you can drive down a couple miles and go to our private boardroom cigar lounge with members only. Regardless of what it is, working at valuetainment every day is a surprise. You could be walking into work and right next to you is a governor, is a billionaire, is an athlete. We are hiring aggressively. But Valetiman isn't for everybody. For the right person, this could be the last company you ever work for. So if you're watching this and you want to learn more, go to vt.com careers and apply now. Perfect. So now when you go to vt.com careers and you apply your resume, you're going to get an email to do a five minute AI interview. If you don't do the AI interview, they won't look at your resume. So apply, submit your resume. But we don't hire anybody without the interviews because we want it to be an unbiased feedback that we get from our reports afterwards from higher metrics. So if you want to find out more about different jobs that we have, Again, go to vt.comcareer apply now. Looking forward to hopefully working together soon.
- [09:26]
Tom Ellsworth
And you wanted to give them a tip if they're reaching out to you
- [09:28]
Patrick Bet-David
saying, do the interview, do the air interview, do the AI interview. It's a big differentiator that other people won't get through because we're going to come back to you and say, did you do it? No. Okay. We're skipping to the next candidate. All right, let's get right into it. Okay, so first story you start off with, we have to go to oil. Oil prices decline after hitting nearly $120. As Trump says US considering taking over straight up Hormuz. Rob, I think you got a video on this one. If you want to pull it up, I'll read it and then we'll get right into the story. So oil prices fell Monday in extended trading after President Trump said he was considering season control. Straight or Hormuz, the most important choke point in the world for crude market. The crude oil was down 6.6.19 to 85.27. And Trump told CBS News in a phone conversation that ships are moving through strait. The president said he's thinking about taking it over. He also indicated he thought the war would be soon. The moment he said that, people reacted. Rob, is this the clip?
- [10:33]
Anthony Scaramucci
This is FOX News.
- [10:34]
Tom Ellsworth
Yes, sir.
- [10:34]
Patrick Bet-David
Do you have the numbers? Can we see what oil prices are right now, as of literally right now, where prices of oil are? Tom, have you looked at it?
- [10:42]
Tom Ellsworth
Yeah, it's US US WTI West Texas Intermediate, which usually runs about 2 to $3 less than Brent crude. Those are the two global markers. And so we're hovering around 85 right now, which is significantly down. So we're up a couple bucks today. But it certainly has settled down from the last two days.
- [11:02]
Patrick Bet-David
Can you press on five days, Rob. Five days high was what, 110, 112 1, 110 ish. Okay, Anthony, what do you think's going on here with oil prices went up, went down? What are your thoughts?
- [11:17]
Anthony Scaramucci
Well, I mean, obviously, you know, you've got 21 miles straight, 20% of the world's oil coming through there. You have to shut down production because there's no place to put the supply of oil in places like Saudi Arabia and Qatar. So they, they're shutting down production. And unfortunately, it's not like an on and off switch. You can't just flip it back on. PATRICK so it takes about three to six weeks to get it back up and running. And so, you know, I used to work at Goldman Sachs. JAY aaron, Commodity DIVISION they would get in there and get, you know, long oil and play the volatility trade. And then, of course, the president, you know, he likes pulling ripcord every once in a while. I mean, they call it Taco. I think he has a really interesting strategy here in the Middle east, which we'll talk about later. But I think the bottom line is oil prices. My prediction will trend lower back to where they were at the beginning of the year once this resolves itself.
- [12:13]
Tom Ellsworth
TOM yeah, I'm on the same page of trending back lower. I mean, if you go to that chart and you just look back for, say, three months and, you know, we were 67 to 74 was kind of the range. Yeah, there you go, 67. Keep going, going, going. Right there we were right before, there's 63, 62. So between us, WTI and Brent crude, Brent runs a couple bucks more. That's where we were. And we were in a happy little place that's above what's called extraction cost. 67, 70 bucks is good profit for most everybody in the value chain, even profitable for Alberta oil sands or North Dakota shale. So the oil market was okay. And what this is, is uncertainty creates this. If you take a look at the what uncertainty does in markets, that's what people need to understand. These are not permanent things. These are reactionary. ROB could you look at S and P and go back a full year so we can see last April, you know, Liberation Day, whatever we wanted to call it. No, no, one year. One full year and it goes back. You had this huge spike that happened, and you were sitting there looking at, there we go in April, look at the spike down. That was uncertainty. But then the fundamentals of the market came back. People announced earnings and everything was okay. Oil's a little bit different because as Anthony said, it takes time to spin the stuff back up. But North Sea oil hasn't stopped, and West Texas Intermediate hasn't stopped, and North Dakota and Alberta hasn't stopped. So there's a lot of supply in the west. That was business as usual. And we are, I believe the number correct me here we have two times the amount of oil is now going out of Venezuela, as in the 30 days prior to you know, relieving Maduro of his presidential duties, dictatorial duties, because they were basically limited shipping because there was embargoes and other things going on. And now they have all the pipes going. And so if you can get a boat to Venezuela and you've got a place to refine heavy crude, which is what comes out of Venezuela, then you're going to be good. So for most people, freaking out, I don't think this is going to affect travel costs like air, like, you know, AV gas, as they call it, aviation fuel. I think the spike is going to settle back down pat, just add something.
- [14:38]
Anthony Scaramucci
And the thing about Venezuela, which has been brilliant for the United States, is our refineries, remember, were set up pre Maduro, pre Chavez, so they can refine that heavy crude. And so it's an easy shipment to the United States. And I think that was the play. You know, if you, if you combine Venezuela and Iran, it's 31% of the world's oil reserve. So there's a big play going on right now.
- [15:02]
Patrick Bet-David
What do you think the strategy is? You said earlier, you know, Trump's strategy, it's interesting. What do you actually think the strategy is?
- [15:09]
Anthony Scaramucci
Well, I mean, you know, he's got tremendous communication skills, President Trump, but he has sometimes a hard time articulating vision. So I'll channel it for you because I know him a long time. He's looking at this and saying to himself, I was able to figure out a way not to have regime change, sort of regime change light in Venezuela. I was able to get Delsey Rodriguez to come on side with me and basically flip Venezuela into a friendly okay. And that also gives him some leverage on China. And he was told, again, rightly or wrongly, he was told by intelligence, he was told by diagnosis, defense intelligence, that there were secularists in Iran and that this sort of revolution that was happening in January was an indication that people were getting tired, 85% of the people against the regime, etc. And so he said, okay, here's an opportunity to create a Delsey Rodriguez 2 let's see if we can get to the table. I guess the big question I would have for the president, him and I don't talk anymore, but I would have what happened in Oman, because they had a deal in Oman, the Iranians more or less gave them exactly what they wanted. So there has to be something underlying why he ultimately made the decision to attack. Maybe it was the Israeli thing that Secretary Rubio said, but the vision was knock out the regime, or at least the top Few guys and then find a secularist to do business with and create the pivot. But where I know and fairly certain he's upset with the Israelis because the Israelis went down the line and killed everybody. Patrick and I think the president and they more or less admitted that in an Oval Office conversation he said, I'm trying to find somebody doing we like
- [16:48]
Tom Ellsworth
the guy, but he's dead.
- [16:49]
Anthony Scaramucci
Yeah, we're trying to find somebody do that. And they keep killing the people. And so you had, you had it,
- [16:54]
Patrick Bet-David
you keep, so, so that's funny that they is Israelis.
- [16:59]
Anthony Scaramucci
So, so the, so the Americans and the Israelis were on side on message for the original strikes and then the, they diverged in terms of what their objectives were later on. The Israelis have made a decision. You caused us this problem in Gaza. Hezbollah, Hamas, you've been a state sponsor of terrorism and remember, and I think everyone here knows this, but in the Iranian constitution, if you read it, because I've gone through it, they want to export their radicalism and they want to end Israel. Those are the two things. And so you're the prime minister of Israel. Someone's telling you they want to wipe you out. Imagine if you know, one of the countries near us was saying, hey, our number one dedication is to destroy the United States. You know, it's going to, you got to put, you got to put your, you got to put your guard up there.
- [17:44]
Patrick Bet-David
It is more ideological for one is more business for Trump, it's more business for Israel.
- [17:50]
Anthony Scaramucci
It's more emotion, emotion, survival. I want to kill everybody.
- [17:54]
Tom Ellsworth
And Anthony, over the weekend, didn't Trump basically say the country is yours for the taking, come and take it. He was encouraging them over the weekend, the citizens to the citizens.
- [18:05]
Anthony Scaramucci
Okay, so there's another very big problem there. So the citizens have been declawed, okay, over the last 20 years, all the guns have been taken away. All of the right to really peaceful dissent. They've got a full on security state. So imagine the NSA to the ninth power and they've got a tippy tip or a payment structure going on. So if I see you in your apartment doing something that I think I don't like, I can call the regime and they'll send Supar to come in and check on you. Right? So they have this massive surveillance state and they've suppressed the people. So president's right, we'd like you to overthrow the regime, but you don't have any guns and you don't have any ammo to overthrow the regime. Right. And you don't have an ability on your own to overthrow the regime. So they've been declawed, and that's a big issue. And so what's that issue now? And I'm not in love with. I mean, you talk about regime change, you went from Khomeini to younger Khomeini in less than a Scaramucci. I mean, eight days later they got, you know, you got no real regime change. And this guy's a hardened guy. And so I'm. I'm worried about that. Now, having said all that. What. What's Plan two? Plan two is blow the living daylights out of them. Degrade their missile strike capability, their drone capability.
- [19:26]
Tom Ellsworth
And manufacture.
- [19:27]
Anthony Scaramucci
And manufacture. But remember something, because, you know, I've been to Afghanistan and I understand those mountain ranges over there, they've got so much stuff hidden in those mountains. And so you're going to have to drop some severe bunker buster bombs all over the place to try to dislodge that. And it's a gigantic country, guys. You know, Patrick grew up, or was at least born there. 93 million people, gigantic country. You know, it would basically fit in the middle of the United States without the coast. And they got a lot of terrain there where they could be hiding stuff. Last point, which I think is the most important one, you've got 460 or so kilos of uranium that's missing since we dropped those bombs. And so the President knows that. Our people know that. That's why they're thinking about putting a ground troops or special Forces in there to see if they can get that, the nuclear fissile material out of the country.
- [20:23]
Tom Ellsworth
That's a thousand. So it goes kilos. So that's about £1,000 of weapons grade, we think.
- [20:29]
Anthony Scaramucci
And we don't know, but that's what we think.
- [20:30]
Tom Ellsworth
But if that number is correct, it's a thousand pounds of weapon.
- [20:32]
Rob (Producer/Tech)
Yeah.
- [20:33]
Anthony Scaramucci
Okay, so be in the Situation Room. Let's workshop the Situation Room. You're the President of the United States. Your ally is Israel. They want to destroy Israel. They're wreaking havoc in the region. I'm sure Patrick knows this. The Gulf States are saying two things at the same time. Telling the President quietly, we support you publicly. And then they're writing open letters that they don't support him, which is totally cool, by the way. This is exactly what Delsey Rodriguez did after the decapitation of Maduro. I'm not gonna take the BS of the President, but that was all staged. So you're getting two channels of information, but the Gulf states are really telling the President, hit him as hard as you possibly can, but don't destroy our economies and don't destroy the global economy. And by the way, the Iranians, because they've been thinking about this too. I can't beat the United States, but I got to outlast them. And I have to terrorize the countries in this region that are allied with the United States. And that's why you're seeing drones going into the Dubai airport, hitting apartment buildings. Desalination. That was, that was a rough one you buy. You probably shouldn't be shooting at schools. I think that was a mistake. I think the President is making a mistake by not owning up to that. That was a Tomahawk missile that hit the school. I'm certain that the Americans didn't do that on purpose. That's unfortunately the fog of war. But just admit it and let's move on. Because. Because if it happened to us, we'd be crazy, right?
- [22:05]
Brandon Asseto
Yeah. This thing feels sloppy, though, compared to Venezuela. Like Venezuela, Venezuela was meticulous. That strike on Iran last year was meticulous with the bunker buster bombs. So it's almost like I'm wondering if they're strategically acting incompetent right now, because even when Hag Seth and the other general goes up there, they're acting like they're unclear on what they want to do with the straightforward moves. Which is why I think the oil market's been so volatile. Because I. I mean, I imagine that it's pretty easy to clear it out if they went extra savage, but I don't know, like, they're not showing the willingness to be extra savage.
- [22:35]
Anthony Scaramucci
So. So let me, let me jump in because I think, I think that this is the problem. They got a little overconfident, as we sometimes do. Some of my worst mistakes is when I'm overconfident, particularly in markets they beautifully executed. In Venezuela, they saw this as a six or 12 day war. And I know what they did. They went to the president of Mar? A Lago and said, hey, look at this. Six Day War. In 1967, the Israelis knocked the daylights out of the Egyptians and it forced secularism in Egypt. And it eventually led fronts in that war. Yeah, exactly. And they took over the Sinai Peninsula, had to give it back to him in the Camp David Accords, but it caused secularization. You have a chance here. Last year you had the 12 day war. No real damage from the Iranians coming back to us. We're going to do this. 6, 12, 21 days, there'll be no real damage. But once you went after the Supreme Leader, remember what, remember what Trump has said from the White House, if they take me out, there's a whole list of things I've given people to do to the Iranians. You've heard him say that. So just imagine the Supreme Leader has now been taken out and the Iranians are going down the list they were told to do after that takeout. Right. And so the President and his team. I am now being critical just to tell you what the vision is. They didn't anticipate that. And that's the big thing, right? That's where, you know, Mike Tyson would tell you, everybody has a plan until you're punched in the face. You were in the 101st Airborne. 82nd Airborne was dropped off site on June 5th. Prior to D Day, they had to fight their way out of that in a 360 degree circle. So we have things that go on in war that are bad. So now they're recalibrating. But that was ultimately the mistake. But if he handles this well, okay, and I've been a critic of the President. I think people know that I don't like the process. We talk about the democracy and the threat to it. But if he handles this well, he could have, he could have his cake and eat it too. He could have a marginal. He's not, maybe not going to get the regime change and the end the fanaticism there, but he could have a marginalized country which will lower those oil prices and stable.
- [24:46]
Patrick Bet-David
Because you got to me, what victory is to us, I don't think is the same victory as it is to Israel. I don't think they're aligned there. Would you agree with that?
- [24:55]
Anthony Scaramucci
100%.
- [24:56]
Patrick Bet-David
Would you agree with that as well?
- [24:57]
Anthony Scaramucci
100%.
- [24:57]
Patrick Bet-David
Victory to us is different than victory for Israel, Tom?
- [25:03]
Tom Ellsworth
Yes and no. There's part of it is, but Mossad has always had, and I'm not a spokesperson for Mossad, I'm very critical of them. Mossad has always had their agenda and their agenda has been very different and sometimes a lot more lethal than the west and the U.N. because NATO has been a friend, the U.S. have been a friend. People say, no, no, no, you've been led by Israel. No, no, no. There have been times where, okay, here's where we all agree, but then Israel's had these other lethal things to do. Israel has taken people out of apartment buildings in Lebanon with missiles and didn't tell the U.S. u.S. CIA knew about it. I've read stuff. We've talked to CIA people that have leaked it, said the CIA knew and said, you know, we really think that guy got in Lebanon.
- [25:54]
Anthony Scaramucci
Kaboom.
- [25:55]
Tom Ellsworth
Well, they did it, you know, and so.
- [25:58]
Patrick Bet-David
So, so to them, if you were.
- [26:00]
Tom Ellsworth
They have another agenda down deep.
- [26:02]
Patrick Bet-David
I get that.
- [26:02]
Anthony Scaramucci
So what I think they want a failed partition state. That's what I think.
- [26:05]
Patrick Bet-David
Okay, great. So they want to get rid of what? They're right.
- [26:08]
Anthony Scaramucci
They want Syria, Lebanon. Israel looks at its survival and says, we do really well in this region. If we have failed partition states and we have secular Arabs that want to do business with Israel in the United States, that's the Abraham Accords on the side where there's the radicals mostly, unfortunately, the Shia Muslims. They would rather have them have failed states than anything organized. I don't think the Americans want that. That's just me talking now.
- [26:36]
Patrick Bet-David
Americans don't want.
- [26:38]
Anthony Scaramucci
No, the Americans don't want a failed state, controllable leader. That's what they want.
- [26:41]
Tom Ellsworth
Because you get Somalia.
- [26:43]
Anthony Scaramucci
They wanted Delta.
- [26:44]
Patrick Bet-David
You don't have it right now.
- [26:45]
Tom Ellsworth
No, no.
- [26:45]
Brandon Asseto
Which is.
- [26:46]
Anthony Scaramucci
They want a Del C ride.
- [26:47]
Patrick Bet-David
You can't do a Delsey because there's not a VP model there. Right. So it's not like you can go, what happened to Venezuela is not going to happen. Tom said something very important. He says, you know, what's the problem with suicide bombers? And Humberto said what? He says the suicide part. He says, when you're going a war and you're willing to commit suicide on behalf of your country, you change the game. Venezuelans don't think that way.
- [27:13]
Anthony Scaramucci
Right.
- [27:13]
Patrick Bet-David
There's only a couple countries that think that way. Right. I'm willing to go out there and, you know, doing, you know, Iran being one of them. But when you're looking at this. So in your mind, I just pulled up right now just to search for myself. So Israel planned and executed the strike operationally to kill Khamenei. US Simply provided the intelligence and military support for the operation. Israel took him out. They provided. Now, of course, they're working together on this. Sure. But this is where I'm at. When they asked me a question, they said, do you think they should kill Khamenei? If you kill Khamenei, the supreme leader, you know, he's 86. He's about to be dead here soon anyways. But if you take him out and now you take out 50, it's like in the mob war, if all of a sudden you took out the boss, the underboss, the capos, the consigliere. You better take out the entire family. You can't let them stay because this guy that's left behind the. The. Did you guys see the clip down the cardboard? I think everybody saw this clip. People thought this was a. Initially when I thought. I thought this was south park, but by the way, this. Have you seen this, Brandon, or no? So this is them celebrating their new supreme Leader. Play, Press play. Okay, turn off the music, Rob. So this is not. AI. This is real. At first I said there's no way this is real. Can you go to the comment section on the bottom and. And go to one of the grox saying, is this real? Okay, can you go to. Keep going, keep going, keep going, keep going, keep going, keep going. Okay, go to that one right there. This clip is from IRGC Allegiance Ceremony of Mojtaba Khamenei, new supreme leader appointed March 8th through the 9th. After his father Ali's death in strikes. He didn't appear live, so they used the cardboard cutout. This is Grok, broadcast on Iranian state TV from Tehran. The short version is one circulating widely. No longer raw footage is publicly available. So. So what's the point? So you took them out. Now the son has left. You killed his father, you killed his wife, you killed his mom, you killed his sister, you killed his nephews, you killed his sons, you killed his, you know, one of his kids, I don't know who else it was that was killed. Now he's gonna stay and you're gonna let him stay. Yeah, I think if you've gone this deep, I think you either have to go finish the job or you should have never done it this way in the first place.
- [29:46]
Tom Ellsworth
Cause the new guy is better with a vision. He's bitter with a. Cause the new guy with all of that around him.
- [29:52]
Anthony Scaramucci
Let me flip it back around for a second. Let's flip it back around. So they're enemies of ours. They hit the White House, they blow up the President. God forbid, they then hit a school near one of our military installations and kill all the daughters of our military people. And then they hit New Jersey refineries, which are very close to Manhattan. They blow up the refineries and they send black smoke into one of our most populated cities and they choke all the people. Okay, and how is the United States going to react to that?
- [30:27]
Patrick Bet-David
So I'll just flip it around. Oh, no problem.
- [30:29]
Anthony Scaramucci
Yeah. Good.
- [30:30]
Patrick Bet-David
Okay. Are we small or are we big? Are we the more powerful one or are we the underdog? Are we the favorite? Because there's a big difference.
- [30:38]
Anthony Scaramucci
So let's go through both, Patrick.
- [30:39]
Patrick Bet-David
So go for it. Well, tell me if we're the favorite.
- [30:42]
Anthony Scaramucci
I think if we're the favorite, we're going to go absolutely crazy like we did in 911 to destroy them. We're going to go crazy like we did when they knocked down the Trade center and bombed the Pentagon. So I think that's number one. If we're smaller than them, I think we're going to try to guerrilla tactically terrorize it. Those are the two they went after.
- [31:01]
Brandon Asseto
What's most vulnerable though? Because like they went after the surrounding countries that were very dependent on in a lot of ways, you know, if you take out the oil or the, was it the water there, the desalination, desalinated water there, like.
- [31:13]
Patrick Bet-David
Let me help you pronounce it. Desalination. Go ahead.
- [31:16]
Brandon Asseto
No, yeah, that's the whole petrodollar system. Like the reason the dollar has value is because of the oil comes from the Middle east and everybody has to buy oil in dollars. So I mean, I don't, I, I, I'm curious if they anticipated Iran going after the surrounding Middle east countries like that. I'm curious if they anticipated Iran shutting down the straight of Hormuz. Like I would imagine in war gaming, that's the thing, you would predict that, but they're not reacting as if they predicted it. So the, like those are things I'm curious about.
- [31:40]
Anthony Scaramucci
I would say I don't think that they predicted that.
- [31:42]
Brandon Asseto
And I think that the Hormuzer, the bombing, those neighbors, I have both. Really? You don't think they thought that was going to happen?
- [31:49]
Anthony Scaramucci
No, because I think they looked at the 12 day war from last year. They looked at the Soleimani hit in January of 2020 where they took out the general, and they said that they're going to try to keep the regime together and they're going to measure the response. And I think what the President was looking at is, okay, all that's fine, let's remove some of these clerics and get a secularist in there. And he's a deal maker. Okay. And you like or dislike Trump. Here is the deal. You're making money off drugs and you're making money off oil and you're heavily sanctioned. You're Venezuela, I'm going to take the sanctions off, you're going to help me slow down the drugs into the US And I'm going to triple the pay for everybody here, including your army generals. And they said, let's do it.
- [32:33]
Patrick Bet-David
Venezuela's not Iran.
- [32:34]
Anthony Scaramucci
Okay? And then the next moment they come in and they take Maduro one night, no bloodshed, they're not even fighting them. Yeah, Venezuela's not Iran. But I think the President thought that there would be a way to create some secularism as a result of degrading them. And now the question is, if you can't create this secularism, what's the next step? I think the plan B is blow them to smithereens so that they're totally degraded. But here's the problem with that. You don't know where the uranium is and you don't know what they've got in these tunnels inside those mountain ranges.
- [33:10]
Patrick Bet-David
To me, if you're this deep, if you're in this deep and this is what happened, there is no turning around. If you're going to. Now do what? Okay, hey, we just killed 50 of your leaders and relatives. Okay, guys, can we not negotiate? Yeah, come in and negotiate. How would you emotionally walk into the negotiating room? How would you be able to. You're like sitting there saying, we're gonna take every one of these guys out. Did you. Do you think this made the Middle east safer?
- [33:36]
Brandon Asseto
No.
- [33:37]
Patrick Bet-David
Do you think this just made tensions go lower? Do you think? And by the way, let me ask a question. Maybe in a different way for us. We're out, all the way out here in the Western Hemisphere. We're not worried about Iran. They don't have anything that could come to us the only way they can. I know Iran's got a good sized embassy in Mexico that They built in 1964 under the Shah. So who knows what they're going to be doing, their relations with cartel. You have a lot of different ways to come and try to attack us. Right? But here's a question for you, you know, to the community that says Israel has influence over what America does and Israel is going to negotiate on behalf of what's important to them.
- [34:15]
Tom Ellsworth
Right.
- [34:16]
Patrick Bet-David
Do you think Israel is sitting there, Abibi is sitting there, seeing where it's at right now, saying he feels safer for his people. Meaning, say Trump comes down and says, guys, the war is over straight of Hormuz. Oil prices are not going to go. This is not going to be the tanker war of 1984, 1988. We're not going to have the prices go up, you know, whatever, 400% that they have to come in and supply the insurance when we're going to protect. We're going to take care of everything. You don't have to worry about this stuff. Okay. And because he's thinking from what market standpoint, markets down midterms, you know, approval, because, you know, Trump's a data guy, so it's always looking at what approval rating. And okay, and then China, he's trying to get China's negotiating going. But in this case, if Trump. My opinion, if Trump walks out of this and says, we went in, we did our part, we're scored away. Do you know who's screwed if Trump walks out of this? Yeah, one country, Israel, is screwed. Now, Trump may say, you're not my number one priority. Americans are my number one priority. If Trump walks out. You just dropped a bomb, killed 50 of the biggest leaders, and they're your neighbors, and they've said, in the next 25 years, we're going to do everything we can in our power. He said this in 2015. Khamenei said to make sure that Israel doesn't exist. He said this in 2015. So he said 25 years. That's what, between 2015 and 2040, you don't think they're sitting there thinking about. So Israel, in my opinion, officially, they've always been a target, but it just went up. So what is Bibi thinking right now? Is Bibi thinking, I got to make the phone call and convince this guy to continue to finish this war. If not, I'm not safe?
- [35:59]
Brandon Asseto
Yeah, he's thinking, this is the first inning.
- [36:01]
Patrick Bet-David
I think Bibi, right now, Bibi's team is sitting there right now saying, guys, we. We can't. You think Bibi wants the war to stop? Guys, guys, we got. Let's go, let's go. It's like, no, not right now. I'm seeing what's going on with the economy. I don't think. You know the part where you're saying, with the disconnect between the two, if this stops today,
- [36:20]
Anthony Scaramucci
it's worse than Iran.
- [36:21]
Patrick Bet-David
First of all, if it stops today, it's worse for Iranians, the people who are there. It's terrible for Israel. I think it's terrible for Israel first and the Iranians. Those will be a tide for me. But Trump may simply say, look, man, that's your problem. We did our part. We gave you the intel. If you want to wrap it up, you have the opportunity to defend yourself. But I'm not going to come out here and screw up my deals that I'm trying to do with Russia, with China, with Putin, with Gigi's coming. They're having a meeting end of the month, I think March 31st. They got a meeting that's scheduled, if I'm not mistaken. I think the country that it's in the worst situation today. If this stops, I think in my opinion is Israel's first.
- [37:01]
Brandon Asseto
Yeah. We're in too deep though, cuz now, you know, we see what the.
- [37:04]
Patrick Bet-David
We may get out though, what I'm saying, us may say us. If, by the way, if Trump all of a sudden says I'm out, that's it. This is how much I'm helping you. If he says I'm out. Cuz they're realizing you got 200,000, you know, IRGC troops.
- [37:22]
Tom Ellsworth
Okay.
- [37:23]
Patrick Bet-David
This is not Venezuela that you're going to be able to do the rewards for justice that whatever the CIA runs to give million to 25 million bucks to convert them.
- [37:31]
Brandon Asseto
Yeah.
- [37:31]
Patrick Bet-David
Then you have the 95 million, 93 million Iranians that don't have guns, don't have weapons, don't have a way to protect themselves. So what are you going to do then? You have the Strait of Hormuz. The longer it goes, Prices go to 200 bucks. Midterms. Around the corner, American people are saying, wait a minute, like you see the videos being posted? Gas prices in some parts of la. Six, seven, eight bucks, right? Yeah. This. You think these videos are good for him? No, no, but he.
- [37:55]
Brandon Asseto
But how's the straight the price of oil get fixed if he pulls out now? Because I imagine they're on a vendetta now because of what was done to them. So I imagine they're going to cause havoc in the region. Iran.
- [38:05]
Patrick Bet-David
So what is Vic. Ok, so why don't we do this? Let's talk about this. What's victory to Iran? Irgc, not the people. What's victory to Israel? What's victory to us? What would you say, Tom? I'll go to you first. Iran, Israel, us?
- [38:21]
Tom Ellsworth
The US backs off in any way?
- [38:24]
Patrick Bet-David
I think so.
- [38:25]
Tom Ellsworth
And then they can say even if they're destroyed, even if we took the island and held it. No, even if it's all the stuff that's there. If we back off and the new supreme leader is there, they win. Yeah, because it means the regime hasn't changed.
- [38:42]
Anthony Scaramucci
They win by now losing.
- [38:43]
Patrick Bet-David
They win by not, by the way. What do you do if you're supreme? What do you do if you're a leader of Iran in the US back south? What do you do on tv? What do you say? So you think you run all the fake videos?
- [38:52]
Tom Ellsworth
What do you say we knocked down airplanes and the great Satan ran away?
- [38:56]
Patrick Bet-David
Easiest propaganda.
- [38:58]
Anthony Scaramucci
You do what Kim El Jung did in North Korea with all the propaganda videos after Trump visited him a few times. Okay, keep going, Tom.
- [39:04]
Patrick Bet-David
So go ahead, give the other two.
- [39:05]
Tom Ellsworth
That's so that's the, that is the victory for Iran. The victory for us is complete regime change. And this, you know, a secularist comes into power.
- [39:18]
Patrick Bet-David
So, so, so Iran, they stay in power. US Regime change, not collapse.
- [39:23]
Tom Ellsworth
No, no collapse. And a new secularist.
- [39:25]
Patrick Bet-David
Oh, so collapse, not change because regime change.
- [39:28]
Tom Ellsworth
No, no, you gotta, you gotta, you gotta get them on the path back to 19.
- [39:32]
Patrick Bet-David
To us is collapse. How about to Israel? Same.
- [39:35]
Tom Ellsworth
Israel wants to see ironic. The victory for us is the victory for Israel. But Israel really wants, look, ideally Israel needs everyone to be Jordan. That's not going to happen. That's not going to happen in Syria. And so they need crippled states.
- [39:52]
Patrick Bet-David
So what is victory for Israel?
- [39:53]
Tom Ellsworth
Israel is that Iran is a crippled state with no ability to attack it. Unfortunately, that turns Iran in the world's largest Somalia with warlords and districts taking.
- [40:05]
Anthony Scaramucci
Okay, well, there's a lot there. So I agree with the failed state because I think they feel like they can manage a failed state better. But in their way, long term interest, they would. Trump is going to. Trump. Trump's vision is right. So let's go over the different things. If we pull out, they'll declare victory. The IRGC will rebuild itself. It will stiffen its repression internally, which will really cause great anguish for most of the population. That's them, the Israelis. Tom's point. They want a failed state because again, you can see their interests diverging from the United States. And for us to win this thing, and unfortunately right now, as a money manager or somebody that studied this stuff, I don't see us winning this thing the way we would like to win it. Patrick. But if the optimal Elysium field winning, they topple. A new government is formed that is moving towards the west and is more aligned with the Gulf nations. And you have this whole brand new configuration. And then this summit meeting becomes very interesting because Trump goes in and says, knock it off with the rare earth minerals. President Xi, I'm going to send you as much oil as you need, not just from Venezuela and not just from Iran, which is where you've been getting it. Now I'm going to send it from everywhere. You're going to have lower prices, but I need the rare earth minerals and we're going to compete with each other. And I'm going to tariff you. You're going to tariff me, but we have to stay in cohabitation on Planet Earth, even though we have different systems. So that's the hope for me. But I think the most likely outcome is that the regime is completely degraded. The Americans pull out, oil prices go down, as we said earlier in the show. And the Israelis are sitting there simmering, saying to themselves, okay, we're going to have to do this another way. I mean, they're going to have to, you know, they're going to, someone's going to have to find that uranium because you know, these people are fixated on destroying Israel. And they've been saying it repeatedly. And I'll put it to everybody on this panel and you as our host, if you were the prime Minister of Israel, you would have no choice to stay on this, Patrick, because you have to protect.
- [42:19]
Patrick Bet-David
I agree, I agree with them, is that I agree for them. The question for me is, you know, in your eyes, is the victory for Iran the same as Tom's of them just staying in power? Same. Same thing there.
- [42:35]
Anthony Scaramucci
Yeah, yeah, but I think, but again, I was just adding some flavor to what Tom is saying. They're gonna, they're gonna stiffen, you know, they're gonna put a big hurt on their public. This is going to be worse for the Republic, first of all, it's going to be a way poorer nation. It's going to be more isolated and in order to stay in power, they're going to have to repress their public population way more.
- [42:57]
Tom Ellsworth
Yeah, they have to. For people who know history, it's the Pol Pot move. Pol Pot was brutal. But once the smoke cleared and he was up, then guess what happened. That's where you get the killing fields. He just took everybody out, every citizen. This is worse than Castro. Castro took out doctors and lawyers and people remember Castro did it. So nevermind Pol Pot. Let's look at Castro. What he did to the educated, to the people that were there. It was miserable. And what Castro did in those three years, you know, how anybody on the liberal side has ever seen him in a positive light is odd to me. But that's what you're gonna get. Exactly what he said. And we've seen it. We've seen Pol Pot, we've seen Castro. The war is over. The west backs off and the citizens get slaughtered.
- [43:45]
Patrick Bet-David
I think if they serve, if Iran, IRGC survives, the Iranian people who protested against it, oh my God, they're going to experience hell in ways that. Because guess what they officially don't have. Who officially has their back? Nobody. Nobody. They're gonna be. There's gonna. The level of suppression and they're not
- [44:11]
Anthony Scaramucci
armed, and they have no.
- [44:12]
Patrick Bet-David
And they're not armed and they're not protected and they can turn off the Internet and they can end it and. And they can do it officially gives the IRGC so much power to say, we can do whatever we want to you. Because the most feared man on earth the last 40, 50 years, we went up against him and we won. So if we can beat him, what do you think we can do to you? That's what's going to be told on Iranian state TV every single day. Yeah, we beat Trump. That's what they're going to say.
- [44:41]
Brandon Asseto
It's only 10 to 20% of the population that supports the regime, too, by the way. So, I mean, I mean, is it out of fear that they didn't revolt? Is it because we took a half measure and we weren't prepared to go all the way with it? Like, it doesn't seem like it's that much.
- [44:54]
Tom Ellsworth
They have no militia.
- [44:55]
Brandon Asseto
But, like, we have assets in there, though. Like, we have Mossad agents undercover in there. I'm assuming we have CIA agents undercover there. They admittedly, why can't we smuggle in weapons?
- [45:04]
Anthony Scaramucci
Admitted that they killed 3,000. We're saying that they killed at least 30,000. So you're in a protest in Iran and they're coming at you with machine guns. Oh, by the way, you know, some of the IRGC guys said, hey, I'm not going to shoot these citizens. They hired Iraqis and they brought Iraqis into the country to kill the Iranian citizens. This is a brutal, horrific state sponsor of terrorism, repressive regime that would turn, in order to survive, turn itself on its own citizens. So, I don't know, maybe you could smuggle stuff in there. It seems very improbable to do the logistics that you would need. And by the way, they got 47 years of entrenched power in this country. So it would be a big dislodgement. I think, again, Trump was told, rightly or wrongly, there are three or four secularists. If we can get them in power, CIA, Mossad can work with them and we could end the regime and we end the terrorist nightmare. And the Israelis said, hey, we're not having that. We're going for the failed state.
- [46:09]
Patrick Bet-David
And guess what? If you did, if that's the scenario, and Israel went for the failed state, and then if I'm Trump now and I say, I thought this was the plan, you went more aggressive than we planned on going, I don't have your back now, I'm out. So I wouldn't be surprised if, knowing Trump's profile of how he is, he just says, we're out, we've done our part, we cleaned it up. Gulf states, you know, all came to us. Now we're together, we're at least unified. We know the enemy is Iran. But I'm not going to do anything else.
- [46:41]
Anthony Scaramucci
He won't do that. Can I tell you why?
- [46:43]
Brandon Asseto
He's going to get tricked into thinking there's actually uranium there.
- [46:46]
Patrick Bet-David
Which. Well, you think Trump's going to get tricked into thinking there's uranium there?
- [46:49]
Brandon Asseto
Yeah.
- [46:50]
Patrick Bet-David
So you think the end of this is not here yet? You think the worst attacks are not here yet?
- [46:55]
Brandon Asseto
Oh, yeah, No, I think this is going to be drawn out. I mean, unless they get extra savage. Like, you have to get more savage with. You have to clear out the straight of Hormuz. You have to hit more targets in, in Iran.
- [47:05]
Patrick Bet-David
The reason why I think you have to do that is because you're in too deep. You go to a club with your friends. So far, you go to a club with your friends. Okay? So guys start talking to each other, okay. And you, you got your own crew of 10. They got their own crew of 10. They're going through it. Okay. All right. So then they punch. They punch. Great. No problem. Punches is no problem. Then one of your guys goes and spits in the leader's face. And, you know, this is a leader of a gang. Yeah. What do you think is about to happen tonight?
- [47:41]
Brandon Asseto
Yeah. Brawl.
- [47:42]
Patrick Bet-David
Oh, it's not a brawl. Beating it.
- [47:44]
Tom Ellsworth
Yeah.
- [47:44]
Anthony Scaramucci
We take the guns out.
- [47:45]
Patrick Bet-David
Oh, you better be ready for anything and everything if the, that and that we spat in their face.
- [47:54]
Brandon Asseto
Yeah.
- [47:55]
Patrick Bet-David
Of the leader.
- [47:56]
Brandon Asseto
Right.
- [47:56]
Patrick Bet-David
And we said, here's what we're doing to you. So now we're so into deep. To me, you know the, the, the part about, you know, trying to juggle two ideas at the same time. Right. The one side which is like, hey, we made our point, we've done our part. Let's get out. Let's think business, let's think economy. We're good. Let's move on the other side. Hey, Marco, what do you want to do? Hex it? What do we do? We are so into deep in this thing. What are the generals recommending? The ones that we trust? Hey, we know what Israel's going to tell us. We're so close. Let's finish the job. They're about to. You know, we know what Reza Pahlavi and his followers are saying. You know, you know, we are so close. We almost have them. The people they're about to defect. They're about to defect. And you're like, I'm not seeing a lot of military defecting and siding with you. You keep saying they're going to defect, but we don't see anybody. Right. Publicly defecting. He has to juggle these two ideas. And at the end of the day, guess who has to make the decision? Trump himself. Yeah. And is he going to go here or is he going to go here?
- [48:53]
Anthony Scaramucci
I want to, so I want to make, I want to predict an outcome and let's see what happens. The outcome is five to 10 more days of intense battle and intense strikes and intense. And then we're going to, we're going to come up with a system which we don't have right now, which is why there's been miscommunication for clearing out the strait. And then we're going to go to our golf partners and say we're done for right now. We're going to tell the Israelis we're sorry that we're done. We're going to help you covertly look for the uranium and stuff like that. And I'll tell you why. He does not want to go into the midterms with a ground war. It's polling at 12%. He doesn't want to go into the spring in the United States with a aerial attack like this. Cuz it's only. This is the worst polling war.
- [49:45]
Brandon Asseto
Yeah. With oil prices at this going into the summer.
- [49:48]
Anthony Scaramucci
Yeah, yeah. Top polling war was World War II.
- [49:51]
Brandon Asseto
98%.
- [49:52]
Anthony Scaramucci
You never get to everybody. Right. This is the worst polling war, below Korea, below all the other wars. And so for me, that's the move for Trump. He's already signaled that to his friends in the Gulf. And the one thing that I want to address here is Trump likes money. And he gets money from the Israeli donors. He gets money from Sheldon Adelson's widow and he's getting a lot of money from the Gulf states in terms of these real estate deals that his kids keep announcing. He's got $4 billion that he's made so far in the first term.
- [50:24]
Tom Ellsworth
PIF.
- [50:25]
Anthony Scaramucci
The PIF. And he doesn't want that pulled away from him. And whether you guys, whether Trump supporters that listen to your show, like it or not, he's motivated by money, he's motivated by attention. And I think those two things are going to.
- [50:37]
Brandon Asseto
And at this point, though, to pull
- [50:39]
Anthony Scaramucci
him out of the conference.
- [50:40]
Brandon Asseto
He doesn't want a bad legacy, but
- [50:42]
Anthony Scaramucci
he's Less concerned about that.
- [50:43]
Patrick Bet-David
You think legacy is number one at
- [50:45]
Brandon Asseto
this point in life.
- [50:45]
Patrick Bet-David
Okay. You don't think legacy is.
- [50:47]
Brandon Asseto
No extra billion dollars is more important than legacy when you're worth 5 billion.
- [50:50]
Patrick Bet-David
But if legacy is number one, you
- [50:52]
Anthony Scaramucci
see, now you're thinking like you, you're not thinking like Trump.
- [50:54]
Brandon Asseto
I think he cares about legacy and image.
- [50:55]
Anthony Scaramucci
Trump wants to be the richest person in the world.
- [50:57]
Brandon Asseto
I think he wants to be Trump
- [50:59]
Anthony Scaramucci
making a raise for another 20 to $100 billion of dough for himself.
- [51:03]
Brandon Asseto
You only want to be remembered as the greatest president that did all these things.
- [51:07]
Anthony Scaramucci
I think it's secondary. I think the three, I think the three things are money, attention, he's got to have us talking about him. And then the third thing is if I generally do a good job, as long as it keeps inside the ambit of my self interest, then that's fine.
- [51:22]
Patrick Bet-David
Yeah.
- [51:23]
Brandon Asseto
In my opinion, I think he'd rather be number one president of all time than be 5 billion instead of 6 billion. But quick thing, why I think he got duped is because every military raised Catholic. Yes.
- [51:32]
Anthony Scaramucci
Yeah, yeah. He thinks like a Catholic. He's a good guy.
- [51:34]
Brandon Asseto
That's a good thing.
- [51:35]
Anthony Scaramucci
No, I'm a Catholic. I mean, you get raised Catholic, you're talking like a Catholic.
- [51:38]
Brandon Asseto
Yeah. It's not how Trump thinks real quick though. So I mean, I think he got duped here because every military strike that he's done has been like Art of War style where it's basically it's over before you even know what happened. Very smooth, meticulous, clean, and it's done by the time you're hearing about. But this one, completely different than whether it's the Syria attack, whether it's the first Iran attack, whether it's the Venezuela attack. So good point. I don't know what, what went wrong here, who got, gave him bad information, if he was manipulated, if they didn't anticipate certain things. But that's why I think it's in a drag out because it's uncharacteristic of the other attacks that he did.
- [52:06]
Anthony Scaramucci
Can I ask a question?
- [52:07]
Patrick Bet-David
Sure. So by the way, just, just so you know, background masters and bachelor's in national security. So this is like.
- [52:15]
Anthony Scaramucci
Okay, so that it's such a good point, I have to ask a follow up question. So there are neocons still working for Trump. They're shrouded in maga.
- [52:23]
Patrick Bet-David
Sure.
- [52:24]
Anthony Scaramucci
And you know who they are, right?
- [52:25]
Patrick Bet-David
Lindsey Graham is who you're talking.
- [52:26]
Anthony Scaramucci
Lindsey Graham is one of them. Right. And you know, in some Ways.
- [52:28]
Patrick Bet-David
Which by the way, Republican side. Probably the most hated guy in the Republican side this week. Is that fair to say?
- [52:33]
Anthony Scaramucci
Almost like a cartoon.
- [52:35]
Patrick Bet-David
Almost everywhere.
- [52:35]
Anthony Scaramucci
Almost like a cartoon character below the surface.
- [52:39]
Tom Ellsworth
Nikki Haley and others on boards and influence.
- [52:41]
Patrick Bet-David
But Haley's been kind of low key. Lindsay's in front of camera 247 right now.
- [52:45]
Brandon Asseto
He gets way too excited.
- [52:46]
Anthony Scaramucci
So let me. Not to make Trump paranoid or think paranoid, but let me ask you a question. Okay? So if I'm Trump and I know I'm in surrounded by neocons that love this sort of stuff, right? Like we did a seance with Dick Cheney right now, dancing, probably the dancing in hell, in purgatory. I don't think Dick made it to heaven. Right, but. But I'm just saying. Answer the following question. Okay, mission. When the mission is over, do those guys go hard at him with the Epstein files? Okay? To knock his block off, to take him out and replace him with somebody like Vance who they think they have
- [53:25]
Brandon Asseto
more control if he doesn't do what they want him to do, you're saying.
- [53:27]
Anthony Scaramucci
Correct.
- [53:28]
Brandon Asseto
I think that people already went after him as hard as they could with the Epstein stuff. I mean, you know, what more could they have?
- [53:33]
Anthony Scaramucci
But I'm talking about shots from inside the tent. I'm talking about the neocons going hard at him.
- [53:39]
Brandon Asseto
Yeah, I mean, that's a fair question to ask. But no, I don't think that's a factor. I think that's a reach. I think that thing hit its peak already.
- [53:46]
Patrick Bet-David
You're saying neocons are doing what?
- [53:48]
Brandon Asseto
I'm just holding it over.
- [53:49]
Anthony Scaramucci
If I were. Look, I used to.
- [53:51]
Brandon Asseto
Holding it over Trump.
- [53:51]
Patrick Bet-David
Holding the Epstein over him.
- [53:53]
Anthony Scaramucci
Yes. And by the way, by the way, I don't know what's in those files or not. And I've said repeatedly that he's never gonna get strafed or hit by those files. So I'm gonna, I'm in your camp there. Unless there's a bomb somewhere in the file that I don't know about, you don't know about, but they know about. Question is, would they use it on him? Once they have used him, would Lindsey
- [54:14]
Rob (Producer/Tech)
use it on him?
- [54:15]
Anthony Scaramucci
Not him. I'm talking about these other guys. These, all these guys. See, all these guys want power, okay? One of the. Look, I got an 11 day PhD in Washington. Scumbaggery. They all get up in the morning when they're putting their suits on. They want to be the president. They want to be. They want to be powerful. They're willing it's worse than the House of Cards on Netflix. They're willing to take everybody out to serve their own personal interests. And so that's what I'm asking you. And you're saying you're not worried about that. And that would give me comfort if
- [54:41]
Brandon Asseto
you're saying, yeah, I mean, I'm sure he's influenced by certain people. I just don't think it's about that at this point. I think that people already came at them, at him as hard as they could with the Epstein stuff. And I, I don't imagine that's a fact.
- [54:52]
Patrick Bet-David
I think if there's one thing about his profile is a couple things. And look, it's obvious that, you know, the two of you guys have, by the way, if you're watching this and if you agree or disagree with Anthony, you want to ask him a question, he's on Manect. You can send him a Manect and agree, disagree, send him an article. What do you think about this? What do you think about that?
- [55:09]
Anthony Scaramucci
That's a new man. I mean, just literally did that in the green room.
- [55:12]
Patrick Bet-David
That's how quickly this works. So you're officially on Manek, but you
- [55:16]
Tom Ellsworth
will be shocked how many people come asking you question.
- [55:18]
Patrick Bet-David
Yeah, it's a great conversation, great exchange. But going back to it, to me, you know, apart with you, obviously the market knows you're not a pro Trump guy. So you're not somebody that's pro Trump. But I would say you're probably more, your emotions are lower today towards him than it was two years ago, four years ago, six years ago.
- [55:40]
Anthony Scaramucci
I mean, once he went after my wife on Twitter. I am an Italian. We have to remember that at the end of the day. I am an Italian kid from Long Island. I grew up in a blue collar neighborhood. Don't go after my wife on Twitter, who's never once said one thing about you publicly. And who the hell are you to do that after I gave you a million dollars personally worked on your campaign for over a year, was on your executive transition team. I said one thing that you didn't like on the Bill Maher show and Bill told me he was going to go after me. And Bill said to me, you were 7 for 8 for Donald Trump tonight you got to go 10 for 13. So he's attacking my wife. Patrick, let me tell you something about you because I watch your show almost every week. If this guy, after you did all of that for him and you did one thing that he didn't like, started attacking your wife, who is the Mother of your children. I think he'd be pretty lit up.
- [56:34]
Patrick Bet-David
And by the way, maybe you wouldn't
- [56:35]
Anthony Scaramucci
be, but I'm telling you, I would be.
- [56:36]
Patrick Bet-David
I'm glad you said that. You know why I'm glad you said.
- [56:38]
Anthony Scaramucci
And I know most people would be.
- [56:40]
Patrick Bet-David
You know why I'm glad you said that? Because it's important for them, for the market.
- [56:43]
Anthony Scaramucci
I couldn't even live in my neighborhood if I. If I didn't respond.
- [56:46]
Patrick Bet-David
I fully understand that. So for me, it's important for the market to know why you feel the way you feel. So respect there. It's personal. It is. And. And I respect that. I respect the fact that he did that. The audience need. That's exactly what I wanted. But let me. Let me give you where I'm going with this. To me, I think the profile of Trump is, you know, he want. He believes that. That he truly is Teflon. He believes he's Teflon.
- [57:12]
Brandon Asseto
No question.
- [57:12]
Patrick Bet-David
He believes his Teflon. So he believes nothing can get in his way. Nothing. What did he say the other day? He says, yeah, you know what? He won't even believe who's calling me right now. Everybody's calling me right now. It's like, I can't do anything wrong. It's like he said this, I think, a week ago or maybe five days ago, Right. So he believes that at the highest level. So do I think in his mind, he thinks the Epstein stuff's going to come and go and he can Teflon that out. I think he believes that. Okay. Where he's at to the core, number two, I do think if you sit down two nights ago, I'm having a conversation with my son after one of the games that he had, I sat him and I asked my wife to come in to have a conversation with him. And I sat there and I explained to him, I said, listen, let me explain to you. And I sold him the idea of what it is to mastering something and winning. And that moment where you go here, where it's like, oh, my God, I'm actually very good at what. What I do. If you really want to experience that, it's one of the greatest highs in life. And I saw him, I saw the eyes getting. What do you call it?
- [58:12]
Brandon Asseto
Intense.
- [58:14]
Patrick Bet-David
Intense and not crying, but you can tell it was filled with, you know, he's emotional. He's feeling it. Okay. And this is not an emotional guy. He's feeling it.
- [58:23]
Brandon Asseto
Right?
- [58:24]
Patrick Bet-David
And I said, okay, this is great, because he's receiving it. This is something That'll move him. Okay, where am I going with this? I believe if you're having a conversation with Trump, the old timers, the Condoleezza Rice types, these types of people that you kind of talk about, which, by the way, she all of a sudden showed up. When's the last time you saw her around? She's now here. What part of the campus? Condoleezza Rice. Hello. Yeah. Like it goes old school with her second term. What dream you think is being sold to him? What dream is being sold do you think the dream is being sold of? Hey, guess what? One day you can be one of the richest men on Earth. You're not going to be Elon Musk is worth. Just so everybody knows the numbers came out. Elon's worth $840 billion. The next four combined are not worth what Elon is worth. They were all 200, 200, 200, 200. And he's worth $840 billion. So guess what? Those days. Yeah, it's so ahead of you. Could you be worth 20 billion, 40 billion, 80 billion? Yeah, but you're not. When you're worth 40 billion, Elon's gonna be worth 3 trillion. So you ain't never gonna go into the room like you did 40 years ago when you're sitting with David Letterman and be the richest billionaire. It's not gonna happen. Those days are behind us because compound interest is going to work against you. And the stuff that you're investing in, they're running and they own 16%. And so I don't know if you. You understand math and business. So that one's out the window. But to me, if somebody sitting there selling the dream of Mount Rushmore, you're not going to get there just based off of economy. Right. You have to do something big, and you have to make a massive empire fall. You have to make a massive enemy fall. You have to. Yeah, if he wants that on his resume. What is it you think. You think on the resume, if he takes over Greenland, that's Mount Rushmore worthy? No. You think if he brings back Cuba or, you know, it's part of the country, like the next Puerto Rico? No. You think Venezuela is Mount Rushmore? No. You think toppling Iran, regime collapse, similar to Mr. Gorbachev, you know, tear down this wall, that type of a moment. Guess what? He's a very, very competitive guy. And just like Edelman. Is it Edelman that was the slot receiver for Brady?
- [60:42]
Brandon Asseto
Yeah.
- [60:42]
Patrick Bet-David
You ever seen a clip in Tom Brady's documentary says you suck? You're old. You're not. You're done. You're washed up. And Brady, shut the music going back in the documentary because you know, Edelman is trying to get. Yeah, hey, you're a great president, but Ronald Reagan caused the wall to come down. What have you caused to come down? Nothing. So you haven't even done what Reagan has done. If someone's poking to try to poke, knowing his DNA, he knows legacy is going to be written. He did great here, great here, great here. But you're not Reagan yet because Reagan made Soviet Union ussr and today's Soviet Union is Iran. So to me, if he is legacy, he's got to go out there and do this for the history books. If he's purely economy, he's going to step out and say, no, guys, we got to get our World cup is around the corner. I don't want any issues with people coming down here. So again, I don't know because none of us are inside his head to see what he's going to be driven by. But guess what's true. We're going to know in the next three years. We're going to know the next three years.
- [61:47]
Anthony Scaramucci
I'm going with you made a very compelling point, but I'm going with option two because economy, because I, you know, listen, I did say for decision. I did 71 campaign stops with them. Knew him for 20 years in New York. I have been fairly predictive of a lot of things that he does, primarily because I understand general nature of his personality. He definitely wants to topple Iran, but he's really thinking about, okay, what is this going to mean for me and my family and my pocketbook. And, you know, he's got some things coming right now that he doesn't want to interfere with. Let's talk what they are. He's got an 80th birthday celebration that our friend Dana White is going to be celebrating with him on the White House South Lawn with the UFC fight. He's got the World cup coming and he's got the 250th anniversary of the U.S. i don't think he wants to be in a quagmire. Now, if you told me they got to him in the Situation Room and what you just said, it was totally achievable and he had to do X, Y and Z, then, you know, I would say, okay, yeah, that probably would work. But I don't see that achievable right now based on what's on the playing field.
- [63:05]
Tom Ellsworth
Tom, I think it's people talk about quagmire and maybe this is pessimistic, but I think we're there. I think we're at the front door of Quagmire, and now we gotta figure out a way to get out. And there's no good way to get out. And if you back out. Think about it. I never thought I'd be saying this, but if he backs out, this could be like a failed retreat from extraction from Afghanistan. This could be like Carter backing out. This is the one country Cheney said it's all about Iran. It's not Iraq. It's going to be about Iran. Even Cheney said that when he was getting the president to look for weapons of mass destructions that were not there in Iraq. Everybody has looked at Iran and said, this is the guy. It's like for 20 years, this is Muhammad Ali. And everybody. Everybody wanted to get to him. And it wasn't until age got to Ali that he ever lost. And so this is. Just drives me a little nuts. I think we're at the. I mean, maybe this is pessimistic, Pat, but I think we're at the front door of Quagmire, and we got to. We got to figure.
- [64:15]
Patrick Bet-David
So you're not going option two with him, you're going option one. He's going to wrap it up for
- [64:18]
Brandon Asseto
Legacy, going all the way.
- [64:19]
Patrick Bet-David
You think so?
- [64:20]
Brandon Asseto
Yeah, I think it's more likely that we have a ground.
- [64:22]
Patrick Bet-David
Can you run. Can you run a poll on that? I mean, listen, don't put the word quagmire. Like, don't. Don't do that. Simplified for the audience.
- [64:28]
Tom Ellsworth
I use that word because you think he's going over.
- [64:32]
Brandon Asseto
I said. I said, I think boots on the ground is more likely than a complete pullout. I think the most likely option is that something fast and unexpected happens that makes the situation better.
- [64:41]
Anthony Scaramucci
So polling at 12% on the ground troops, Trump's like, I got to get this on my resume.
- [64:47]
Brandon Asseto
I'm not saying I think that's going to happen. I'm saying I think that's more likely
- [64:49]
Anthony Scaramucci
than fascinated by that view.
- [64:51]
Brandon Asseto
I think the most likely option is something, you know, actually competent, because I think they're regathering their. Well, they're regathering our plan right now.
- [64:58]
Patrick Bet-David
If Israel, out of the 50 that were killed, if Trump's plan was only three or four, and they went and did the other 45, they're. They're making it to say, listen, I spit in the guy's face. What should we do now? You want to go home? Because they're coming.
- [65:16]
Tom Ellsworth
Yeah.
- [65:16]
Brandon Asseto
And that's in their nature.
- [65:17]
Patrick Bet-David
That's what I'm saying. So to me, if they intentionally did that, I think this just goes in deeper. If they did. I don't know the intel, I don't know the stories.
- [65:31]
Brandon Asseto
Well, we gave them the weapon and the intel and they just used it to kill him. So.
- [65:34]
Patrick Bet-David
Yeah, but he kept saying, you killed the next guy. Like Anthony said earlier, we had a guy, but they killed him. Who's they? You know, so if, if that's the case, they're saying, hey, we're already in so deep, you know, if we turn around, the people are going to say, Iran 1. Do you want that on your resume? What do you think you should do? So it's like, it's like one of those moments that we don't know. Let me go to the next story. Let me go to the next story, which I think I'd like to spend a couple minutes on this. Not a long time. Just quick thoughts on this story came in. Rob, can we real quick pull up the clip of US force forces sink 16 Iranian mine layers as reports say Tehran is mining the Strait of Hormuz. I believe you have a clip on this. Is this it?
- [66:14]
Anthony Scaramucci
Yes.
- [66:15]
Patrick Bet-David
Go for it. That's the strike.
- [66:19]
Anthony Scaramucci
Yep.
- [66:19]
Patrick Bet-David
And we did that. 16 of them.
- [66:21]
Tom Ellsworth
Yes, sir.
- [66:22]
Patrick Bet-David
Okay. And these are not big. These are small, fast, like Tom was talking. Let me read this time and then I'm going to come to you. American forces on Tuesday sunk several Iranian ships, including 60 mine layers near Strait of Hormuz. The US announcement followed a post by President Trump that said if Iran had put any mines in the strait, we want them removed immediately. If for any reason mines were placed and they are not removed forthwith, the military consequences to Iran will be at a level never seen before. If on the other hand, they remove what they have been placed, it will be a giant step in the right direction. Trump said no truth social media. So as they're going to. Trump later claimed that 10 inactive mislaid ships were sunk. Located between Oman and Iran, the strait saw roughly 13 million barrels of crude oil passing through 25. Tom, your thoughts on this?
- [67:12]
Tom Ellsworth
So for people to kind of understand, the thing that created a huge problem in Afghanistan, Iraq and other places was ieds. Low tech. It's not a giant missile. You can see it's not a big radar installation. Those improvised explosive devices created out of gas canisters hidden at little, you know, pipes by the side of the road, sewer pipes activated with cell phones. Low tech, but very effective at Stopping very effective at creating havoc. Very effective that interrupting a highly organized opponent. So the US and its friends are highly organized opponents, opponents in the Gulf. And these mines are basically the IEDs of the water, the small fast boats. They only need about a 40 foot boat, 25 foot boat. These things sit on the back almost like lobster traps. They have weights that hold them six to eight feet below the surface. They're hard to see, so you need sophisticated techniques to see them. Once they put those out there, it's like a grenade that goes off if it gets bumped hard. Well, guess what, bumping hard is what a large ship would do. So this is low tech and really a pain in the neck to this is why one of the reasons Lloyd's of London pulled back and said, hey, we're not going to insure you if you come through this because it's not just about the Iranian big navy, it's also about all of this about drones that could just, you know, dive down onto the tanker or these. And so for the US is now entering a phase that says we got to get to the mine. The minelaying boats, which are not very big. We got 16 of them yesterday. This is talking to Lloyds to London. This is talking to oil transportation companies. This is not really talking to the American people. They're trying to build confidence in straight to Hormuz and say we're taking care of it, we're going out after it. And then they have to have other detection systems to see if they can detonate these things or find them and remove them safely from the water. They that's what's going on. IEDs of the water, Anthony?
- [69:19]
Anthony Scaramucci
Well, I generally agree with all that. I think I would just add a layer to that. There's 250,000 Iranians living in Abu Dhabi and Dubai right now. Lots of them are princelings from the regime and the banking. Whether we like it or not, I think everybody here that has national security background knows that most of the sanctions, avoiding most of the money laundering is primarily going through Dubai. And so they, if they get those banks shut down on them, that's going to be a disaster for that regime. And so they don't want that to happen, which is why last weekend they were apologizing for shooting rockets at them. They continued to shoot them, but they're really trying to find a balance.
- [70:02]
Tom Ellsworth
So yeah, my bad. I was aiming for a US Naval.
- [70:06]
Anthony Scaramucci
Yeah, so. So I think one, I think you're going to be right. I think they're going to straighten out the Straight of Hormuz, give more confidence to Trump to say that he's got unconditional surrender and victory. And then the secondary reason is that regime is going to stay on, which it likely will. They're going to have to do business with the Emiratis. And so it's all connected. So there won't be a lot of blowback for blowing up these minesweepers.
- [70:32]
Brandon Asseto
Yeah. You know what's fascinating is that for some reason Chinese shadow fleets are still making their way through the Strait of horror moves. So I don't know who's letting that. I don't know why one, I don't know why we're putting up with this, like trying to negotiate with it.
- [70:45]
Anthony Scaramucci
Like this is a part.
- [70:46]
Brandon Asseto
We're talking about half measures. Like what happened to, you know, decapitating them. Why are we even having the conversation of they better not be putting minds in the war. Like, we spend a trillion dollars a year on our, on our defense. Our national security is like, there shouldn't be a single thing in the world that we aren't able to do that we aren't able to fix in an instance. But you know, we're hearing about these low tech drones. I, I know and I hear your point about low tech being able to inconvenience high tech, but why aren't we able to produce drones right now? Like why, why haven't we factored in every possible contingency or situation that we could have been faced with? Like you're telling me that we were planning this attack, but we didn't come across this. Oh, hey, they might try to put mines in the Strait of Hormuz. If we do this, let's be ready for that. Let's have like we've been moving our, our navy to this area for the last couple of months. Why, like, why are we seeming like we're unprepared for this situation? That's what's baffling to me and unacceptable too. Like we waste a ton of money on defense. Like, we know we get price gouged on our defense. We know that we pay $300 for a screwdriver. We know we paid double the price for these planes and these rockets and drones that we buy. So that's what pisses me off. It's like one thing for and get price gouged and taxed and all that, but we better have everything that we need for these situations.
- [71:53]
Patrick Bet-David
Yeah, it's true, and it's funny is because a part of it is I was in the military and we would buy the stuff. And I'm like, wait, how much do we pay for these lug nuts? Is this a joke? Wow. This is what we do. As we always overpay. A part of it is also when the budget gets bigger and spending less the next time around you come, then they're like, well, you don't need that much anyways. You can get. So I don't know if you saw the report that came in about the lobster and the food and did you see all the stories that came out?
- [72:22]
Anthony Scaramucci
7 million for lobster.
- [72:23]
Patrick Bet-David
Yes. Quarter. 7 million for lobster this quarter. So.
- [72:28]
Brandon Asseto
But no drones.
- [72:29]
Patrick Bet-David
It looks like what you think you had $9 million spent on crab legs. This is a story that just came out today in the months before Iran report. So listen, at least our guys have good quality protein with these crab legs. Right? Like we're ready for what could possibly happen. But it's a bigger story than that.
- [72:46]
Tom Ellsworth
I don't mind it if we're paying market price.
- [72:48]
Patrick Bet-David
Yeah, I'm with you. But that's the part where business people like us will look at this and say, what the hell are you doing?
- [72:57]
Anthony Scaramucci
Never.
- [72:57]
Brandon Asseto
Yeah, what are you doing now? We're unequipped. We're on equipped for a situation.
- [73:00]
Patrick Bet-David
We're paying for some of this stuff.
- [73:01]
Anthony Scaramucci
I mean, listen, this is what Doge
- [73:03]
Patrick Bet-David
was supposed to do. By the way, if you think about
- [73:05]
Anthony Scaramucci
what they did to him, remember, something about Washington has an immune system second to none. Okay, you get, you get. You think about Elon Musk, how talented and successful he is and think about the immunological system of Washington and found a way to eject him after, I don't know, 130 days.
- [73:23]
Brandon Asseto
Yeah, so, yeah, I don't know if we can keep up this pace for a month or two. I don't know if we have the materials in the. The cupboard. I think the cupboard's too empty to keep this up for a couple months. And that's crazy to me that we spend 30 trillion in defense over the last 30 years and we don't have what it takes to handle the situation.
- [73:39]
Patrick Bet-David
Let me get to the next thing here. So Trump and Putin discuss Iran in their first phone call. This is according to Bloomberg. Russia Vladimir Putin and US Counterpart Donald Trump spoke discuss Iran their first phone call. The talks, which lasted about an hour, were constructive and businesslike and will undoubtedly have practical significance for the further work of the two countries in various areas of international politics. Tasman's agency reported the leaders are also discussed. The U. S led peace talks between Ukraine And Russia, the peace talks have stalled after Trump ordered US Forces to attack Iran. A planned fourth round of talks this year that was scheduled for last week was postponed because of the war in Iran, and the sides haven't indicated when they will resume. Putin and Trump also discussed Venezuela, according to Ushakov. And I believe Putin told him that they're not leaking intel to Iranians. I think that was one of the conversations that took place because story came out saying that Russia, Putin are sharing intel with Iran. He says, I don't think we're doing anything like that. So, Tom, what are you thinking about this call between Trump and Putin?
- [74:47]
Tom Ellsworth
Well, I'm interested what Anthony thinks, because my question when I read about this and says, okay, why put this out there? Why tell people you had this call with Putin? You have all kinds of calls all day long with world leaders, economic leaders, banking leaders. There's all kinds of stuff that you or a cabinet member at the highest level with your authorization is having. Why come out to the podium and say, I'm talking to Putin. I had the first phone call this year. It was constructive. It's almost like you're reassuring. And to me it sounded like a point of reassurance for our allies and others. You know what I'm saying? I was getting to, why say it? Why do you need to say it? Why do you need to talk about the call? Why do you need to even put it, put it out there because you have a dozen calls like this every day, right?
- [75:35]
Anthony Scaramucci
First of all, I don't know who it is, but there's a mole inside the White House. If you want to call, call it that. A source inside the White House that's dumping nonstop stuff to the Wall Street Journal, okay? And that started with the 50 year old birthday greeting, the shapely thing and the signature that Trump sent to Epstein. And then Trump said that he didn't send it to Epstein, he sued Murdoch for $10 billion. But then suit didn't go anywhere because he really did send it to Epstein. And so the reason you tell people about the call is that there's moles inside the White House are going to tell people about the call one way or another because the report came from somebody inside the White House that got signals intelligence picked up that the Russians were sending detailed satellite imagery to the Iranians. And so that got dumped into our press from inside, okay? So Trump has to talk. He, he loves Putin, okay? He's done nothing to really help the Ukrainians since he got the job. Again, job two, he loves Putin. Why does he love Putin? I submit to you Putin has something on him because it's like if the, if the window's open, Tom, and you hear clippity clop, it's a horse, it's not a zebra. This is one of the very richest guys in the world, running the most powerful military, arguably the best economy in the history of the world. And you got a failed state, that's an oil and gas country with a few nuclear bombs that has a GDP smaller than Canada and Italy. Okay, and what are you doing? You could knock him into center field and end the Ukrainian war tomorrow. And there's a lot of people pissed inside that government that are leaking on Trump. And so that's why this is what
- [77:25]
Patrick Bet-David
Trump said about Putin. Brandon, I'm going to come to you right after this.
- [77:27]
Anthony Scaramucci
Go for it. Ask me the vomit big.
- [77:29]
News Reporter
Do you approve of Iran's new supreme leader?
- [77:32]
Tom Ellsworth
And secondly, can you tell us more
- [77:34]
Anthony Scaramucci
about your call with Russian President Vladimir Putin today? What did you discuss?
- [77:38]
Rob (Producer/Tech)
Yes, I had a very good call with President Putin. We had a lot of people on the line from our side, from his side. We were talking about Ukraine, which is just a never ending fight. And when, look, there's tremendous hatred between President Putin and President Zelensky. They can't seem to get it together. But I think it was a positive call on that subject. And we obviously talked then about the Middle east and he wants to be helpful. I said, you could be more helpful by getting the Ukraine, Russia war over with. That would be more helpful. But we had a very good talk and he wants to be very constructive. Yeah, please.
- [78:22]
Tom Ellsworth
Yeah, please.
- [78:23]
Anthony Scaramucci
And by the way. Yeah, but you're not pissed about this.
- [78:25]
Brandon Asseto
Am I pissed about that?
- [78:26]
Anthony Scaramucci
You, you, you love the Putin. Ask us, do I love it? Yeah.
- [78:30]
Brandon Asseto
So I was going to, I'm glad you asked because I was going to ask you a question about that. So if he loved Putin, why, why wouldn't he just, you know, take the weapons that were giving away to Ukraine and let Putin steamroll Ukraine like he totally could have? Why were we, why, why actually, why wouldn't he, why wouldn't he help Putin against Ukraine? Why wouldn't help Putin take Ukraine, Ukraine back? Why wouldn't he remove sanctions off of Russia immediately?
- [78:49]
Anthony Scaramucci
You can't do that. Thank God, because, thank the good Lord he removed sanctions. No, the United States has many checks and balances.
- [78:56]
Brandon Asseto
Biden put sanctions on Trump could take on to him.
- [78:58]
Anthony Scaramucci
McConnell has gone to him. The national security complex has gone to him and said, you cannot do that. And that they would stop him from doing that. They also went to him prior to Davos and said, hey, you better knock off the stuff with Greenland, okay? That is a treaty. You had troops preparing for a potential invasion of Greenland that were calling lawyers to say, hey, we're gonna invade a country that we have a treaty with.
- [79:23]
Brandon Asseto
You're not about Putin or Greenland.
- [79:24]
Anthony Scaramucci
No, I'm talking about. They're all connected because you have people inside the government through the checks and balance of the system that are holding him back from doing the stuff that he would like to do for free.
- [79:35]
Brandon Asseto
But Greenland is a national security measure against Russia, though. That's why we want Greenland.
- [79:40]
Anthony Scaramucci
No, Greenland is a attack on our allies to help Putin. Because when you go after NATO and you start attacking NATO, you're helping Putin. When you drop the material that we were sending to Ukraine in the Biden administration and are not sending it anymore, you're helping Putin. When you lift oil sanctions on the Russian oil, on the global oil markets, you're helping Putin. So you're telling me we're not helping Putin?
- [80:13]
Brandon Asseto
He hasn't lifted the sanctions, though.
- [80:14]
Anthony Scaramucci
So why is he just announced it last a percent. Just announced it last week.
- [80:18]
Brandon Asseto
No, that's what this conversation was about that they're discussing.
- [80:21]
Anthony Scaramucci
No, no, no. Go have somebody Google it.
- [80:23]
Patrick Bet-David
This Trump ways easing Russia sanctions made the announcement cool. Oil prices. That's Reuters that came out.
- [80:31]
Brandon Asseto
So he's. Yeah, so he's wing it. He didn't do it.
- [80:32]
Anthony Scaramucci
Yeah, but I'm saying he did it.
- [80:33]
Brandon Asseto
Why wouldn't he do a day one, though? And I, I say, I imagine he's doing this to ease the oil market
- [80:39]
Anthony Scaramucci
because as you know, there are people in the government that are the permanent people. They see the president as the Christmas help and they have stopped him from doing.
- [80:48]
Brandon Asseto
But if he wants to do something, he's going to do it. And he's been. He hasn't been kissing Putin's ass. He's been telling my gun.
- [80:54]
Anthony Scaramucci
Okay, he hasn't been kissing Putin's ass.
- [80:56]
Brandon Asseto
Let's give me an example.
- [80:57]
Anthony Scaramucci
Let me go to Chad GDP and come up with the 10 things that,
- [81:01]
Brandon Asseto
if you're so adamant about it, why can't you name at least one or two?
- [81:03]
Anthony Scaramucci
I just named several of them.
- [81:05]
Brandon Asseto
What?
- [81:06]
Anthony Scaramucci
Okay, you said Greenland sanctions, Greenland peeing all over our allies, taking out the European alliance, which is obviously helpful to Putin. Even these conversations are helpful to Putin. The summit meeting that he had with Putin in Alaska. Who started the Ukraine war? Who started the war?
- [81:28]
Brandon Asseto
Russia.
- [81:28]
Anthony Scaramucci
Okay, okay. So they are actually, I would say
- [81:31]
Brandon Asseto
NATO did because NATO decided to put new weapons in the countries closer and closer to Russia.
- [81:37]
Anthony Scaramucci
Okay, well, well then let's go really go back in our history then, because in 1994 we signed an agreement. They were the sixth largest nuclear arsenal. And we said, give us your nukes. In exchange for that, we'll give you, You've been, you've been suppressed by the Russians for 300 plus years. We will give you security guarantees.
- [81:55]
Brandon Asseto
Suppressed by the Russians for 300 years. If you're part of Russia though, like they were part of Russia for 97% of all of history of that territory. So we kind of went in there when the regime collapsed and said, all right, hey guys, this could be a new country now. So hold on, I'll help you run it.
- [82:08]
Anthony Scaramucci
Hold on a second. The. So you're, you're saying that the Russians were not an imperialist power and took over those Republics. So in 19, over everybody, what are we talking about?
- [82:21]
Brandon Asseto
Are you calling America imperialist for taking over this territory?
- [82:23]
Anthony Scaramucci
I saw this app. I got a hit. In the new Limited Series DTF St. Louis, Jason Bateman, David Harbour and Linda Cardellini star as three suburbanites who spice up their love lives.
- [82:33]
Patrick Bet-David
Wow.
- [82:34]
Anthony Scaramucci
Don't miss the new HBO Original Limited Series, DTF St. Louis, Sundays at 9 on HBO Max. Yeah, of course, of course. Look what we did. We killed 32 million Mexicans in the Mexican American war.
- [82:47]
Brandon Asseto
Are you mad that we took over Texas and California?
- [82:50]
Anthony Scaramucci
Am I mad that we took over Texas and California? No. I'm a realist about history. But this is current, contemporary history that if you want to live in the rules based order that we set up to protect our prosperity and to protect our freedoms here, you have to reject incursions into sovereign territory. Today I'm not talking about the Mexican American War, what happened in the, in the six, you know, in the 1630s. I'm talking about what happened in 2022. And so if you want to be in a rules based society and you want to reject this type of behavior so that we can maintain dollar supremacy, maintain our freedoms and project our power around the world. Yeah, you got to reject nonsense like that. Yes, you do.
- [83:38]
Patrick Bet-David
What are you thinking right now? Listen to this exchange.
- [83:41]
Tom Ellsworth
So, two things. The first thing is I think it's true that Trump has some sort of an affinity with Putin. I don't think he's betraying any of his America first objectives or anything like that, but there always has been, from the media to cabinet members commenting, they said you know, it's like maybe he appreciates his style of leadership, not the execution of billionaires or of dissidents or the seizure of rightfully owned companies, which Putin has done. There's a side of that government, Russian government over there that I think we all know is a mob. So. But there's been this something that Trump has appreciated, liked, or otherwise been deferential to with Putin. It's always been there. The other side of it is, I'm not sure everything. I agree with Anthony on everything. Greenland, I think we were thinking a lot about rare earth minerals and a lot about how China, at the beginning of the administration, that was a big question because a lot of stuff was. Was needed for US Manufacturing. A lot of those minerals are needed. Right. And so I really believe that he was trying to corner China and that Greenland represented an opportunity to prevent China from extracting and working with rare earth minerals. But what it also did, it did put him into this collision with our quote, unquote, friends in NATO who said, wait a minute, you know, one of one of the European countries has done a very good job managing Greenland the same way you've done a reasonable job managing Puerto Rico. That's kind of the relationship, right? Greenland is sovereign to a point, but it's managed. And it gets welfare assistance from a European country. Puerto Rico has its own independence, but it gets support from us. So I think there is that going on. I'm not sure about the whole chess game that all the moves were helping Putin, but I do believe that the president's been deferential to him. But I think there was more to Helsinki.
- [85:50]
Anthony Scaramucci
In Helsinki, when the press asked him, do you believe your own intelligence about the Russians meddling in the 2016 election, or do you believe Putin? What did he say?
- [86:03]
Tom Ellsworth
He said Putin.
- [86:03]
Brandon Asseto
Yeah. Okay, well, because his own intelligence were working. They were spying on him.
- [86:07]
Patrick Bet-David
So you didn't just say that much. Come on, Anthony, you said that you think he's gonna side with the Russian intelligence, that the government, when they were,
- [86:16]
Tom Ellsworth
you know, I think siding with him and making a comment, I don't know, told me they did.
- [86:22]
Anthony Scaramucci
He said it. I didn't say it.
- [86:24]
Tom Ellsworth
He didn't. He didn't put a hand on a Bible for Russia.
- [86:26]
Anthony Scaramucci
But he was like, he said, have no reason not to believe him is what he said. I'm not going by what I'm saying. I'm going by what he thinks. If what he said provide evidence about the ass kissing of Vladimir Putin by Donald Trump. And so I'm providing The evidence.
- [86:41]
Patrick Bet-David
Oh, it's, you know, you know, you know, it's interesting when you're saying that this is, this is the. There is a lot of people I don't like and I'll still give a reasonable opinion about what they're doing. There's a lot of people I don't like that I'll still give my thoughts on them. I think, to me, I trust him in the situational room better than anybody else we have right now. I trust his ability to negotiate on behalf of America better than anybody we have in America right now. I trust that the enemy hated him from day one, did everything in their power with the 35 million auto dass year that, you know, Hillary wrote that saying Russians were involved. And at the end of the day, we realized it was all fake. I realized what Obama was doing using the DOJ to spy on his worst than Watergate. All of this stuff has happened. This is not like it's a myth. I understand they went after this guy because he exposed the hell out of everybody. And he's the first guy that will call out, say anything about you, your people, your family. He brought out women that Bill Clinton was with in a debate with Hillary in front of his wife. He's capable of doing anything to try to destroy you. That's his mo. You like it, you don't like it. That's how he is. But if I'm sitting here, why did Putin attack under Biden? He didn't attack under Trump. He waited till Biden was in. You think. You think Putin wants a Trump presidency? You think Russia wants a Trump presidency? You think Iran wants a Trump presidency? Tell me, which of those three prefer Kamala Harris or Trump? Anthony, you really think Russia, Iran and China would prefer a Trump president over Kamala or Biden? You can't.
- [88:22]
Anthony Scaramucci
You really want me to answer that?
- [88:23]
Patrick Bet-David
I know you're going to say. Go ahead. You're going to say, who?
- [88:27]
Anthony Scaramucci
Okay, well, let me. Let me answer it with a question. Has China, by our adversaries and our allies, been perceived as being a more stable trading partner than the United States under Donald Trump, too? Yes or no?
- [88:43]
Patrick Bet-David
You didn't answer my question, though.
- [88:44]
Anthony Scaramucci
Well, I did answer it because China is doing way better with Trump as president. Way better as Trump is.
- [88:50]
Brandon Asseto
Right.
- [88:51]
Anthony Scaramucci
And if they want to take Taiwan, Trump has given them ample license to do that.
- [88:56]
Patrick Bet-David
Then how come they haven't yet? Why haven't they?
- [88:59]
Anthony Scaramucci
Well, they don't have the military capability to do it. But trust me, the minute that they have the military Capability of doing that. They want to do that. Because you said something about Trump which I do agree with about legacy, and you also said it. And Xi's legacy is that he wants to be bigger than Mao, and that was Mao's legacy. He got the mainland, but he couldn't get the island of Formosa. And so she wants to go down in history as the guy that connected the two. But the Chinese are doing way better in the global economy.
- [89:26]
Patrick Bet-David
Are they really? They are. Okay.
- [89:31]
Anthony Scaramucci
Look at the math and look at the tariffs, though.
- [89:33]
Patrick Bet-David
What. What happened to. What happened to Panama?
- [89:36]
Anthony Scaramucci
What happened. I'm in the markets all day, $100 billion.
- [89:39]
Patrick Bet-David
What happened to Panama?
- [89:40]
Anthony Scaramucci
What happened in Panama? You mean with the ports?
- [89:43]
Patrick Bet-David
Yeah. Do you. Do you prefer Panama being controlled by CK Hutchinson or it being here?
- [89:48]
Anthony Scaramucci
You think.
- [89:49]
Patrick Bet-David
You think what's going on with Panama for China?
- [89:51]
Anthony Scaramucci
First of all, the Li Ka Shing family are clients of mine, and I understand the relationship that they had there. And I don't see that as Chinese nationalism like other people do. That is a Hong Kong family. That's a capitalist family that did every single thing that the United States wanted to do with those ports. Having said that, okay. That. The fact that the president didn't want those guys there, I have absolutely no problem with. I think BlackRock is. Or sort of BlackRock. I think it is taking over those ports. I have no problem with that. And I think that's part of the good things. I'll call Baltimore strikes on Trump and tell you what he's doing. Right.
- [90:29]
Patrick Bet-David
No, no. What I'm saying is, do you think.
- [90:30]
Anthony Scaramucci
I think he did a great job in Venezuela, but I think he hurts us with tariffs on, tariffs off, tariffs on.
- [90:38]
Patrick Bet-David
You're saying.
- [90:38]
Anthony Scaramucci
I said. I said in April of.
- [90:40]
Patrick Bet-David
Anthony, the fact that you're saying China, Iran, Russia would prefer. They're more afraid of Commodore Biden over Trump.
- [90:48]
Anthony Scaramucci
I didn't say they were more afraid of Biden.
- [90:51]
Patrick Bet-David
Here's all you got to think about. Behind closed doors. Behind closed doors. I didn't say when they're talking, Anthony,
- [90:55]
Anthony Scaramucci
they're doing better with him with this two different things. Nonsense.
- [90:59]
Patrick Bet-David
When they're talking. When they're talking, do you think a Xi, A Putin or the leaders of Iran, do you think they prefer a Trump or a Kamala Biden? Who do you think they prefer to deal with?
- [91:11]
Anthony Scaramucci
Well, I think Putin definitely prefers dealing with Trump because I think he has been less adversarial to Putin. So there. I think as it relates to the mullahs, they definitely don't want to deal with Trump because Trump has the conviction to put a hurt on them, which he is doing. And I think with China, I've made, I've made my economic case with China. When you're sending Mark Carney, Keir Starmer,
- [91:36]
Patrick Bet-David
who would they prefer?
- [91:37]
Anthony Scaramucci
Do you think they're doing better under Trump, Patrick?
- [91:40]
Patrick Bet-David
I still haven't answered my question, though.
- [91:41]
Anthony Scaramucci
They would prefer Trump. They're doing better.
- [91:43]
Patrick Bet-David
There is no way they are.
- [91:45]
Anthony Scaramucci
The only ones of those three, the only ones that doesn't prefer Trump are the mullahs in New York.
- [91:49]
Patrick Bet-David
Let me ask you this question.
- [91:50]
Anthony Scaramucci
I'm just telling you based on the
- [91:51]
Patrick Bet-David
economic fact, you think, do you think China, do you think China could have stopped and shut down the airports earlier to not release Covid to the world at a time that there were, they were being destroyed? You think, you think at that time China could have prevented Covid? Now that we know it's coming from that, could they have prevented it?
- [92:08]
Anthony Scaramucci
I do think that.
- [92:09]
Patrick Bet-David
Why didn't they, do you think they released it intentionally?
- [92:13]
Anthony Scaramucci
Well, I mean, you know, I do think that they released it intentionally.
- [92:17]
Patrick Bet-David
So why did they release it intentionally?
- [92:18]
Anthony Scaramucci
To get rid of Trump? Is that what you're saying?
- [92:19]
Patrick Bet-David
No, I want to know what you think. Why do you think they release it intentionally? $18 trillion of economy.
- [92:26]
Anthony Scaramucci
I mean, it's millions of lives, 7 million people, I believe it's very hard to know why.
- [92:32]
Patrick Bet-David
Let's speculate.
- [92:33]
Anthony Scaramucci
You're saying, you're saying the superficial reason why was they were trying to get rid of Trump.
- [92:38]
Patrick Bet-David
Give me two or three reasons why.
- [92:39]
Anthony Scaramucci
I think, I think it was a lot deeper than that. I think that there are seven Balkanized provinces in China. There are 90 million people that run the Chinese Communist Party and they were losing their grip on China. Lots more VPN usage, lots more people like in Iran that don't like the system and want more freedom. And by unleashing that, they were able to go massive repression on their people. And as you know, they were locked down in their area of the world for almost three years longer than us. So was another reason to dislodge Trump? Yes, probably another reason to dislodge Trump. I don't think they like the trade deal that they did with Trump. And again, to be fair to the president, the president struck a very good trade deal with them for the US Farmers and Joe Biden due to Joe Biden's weakness and the incompetence of that administration. I think you guys all know this. They didn't live up to the Deal. Okay. So they had three or four years where they were supposed to buy certain amount of agricultural products from the United States and they didn't live up to it. So it's a mixed bag. I understand the point that you're making, but I'm making a little bit more subtle point where you can go down subject line by subject line and say they would prefer Trump, they would prefer Biden, they would prefer. That's what I'm saying.
- [94:01]
Patrick Bet-David
There is no way.
- [94:02]
Anthony Scaramucci
You think they unleash it to get rid of Trump. And I'm saying that was one of the reasons.
- [94:08]
Patrick Bet-David
How was America doing right before that? How was America doing right before that? Right before they released it in December 20th, whatever it was. How was America doing? How were we doing?
- [94:18]
Anthony Scaramucci
That's an American centric view. I think the leadership in China was more. Their view and decision making was more centralized.
- [94:28]
Patrick Bet-David
Are in China. What percentage of your investments are in China? Well, what percent. So CK Hutchinson, who is a client of yours.
- [94:34]
Anthony Scaramucci
I don't have any investments in China. I have, I have assets from mostly Hong Kong.
- [94:38]
Patrick Bet-David
Okay.
- [94:39]
Anthony Scaramucci
Yeah.
- [94:40]
Patrick Bet-David
Because you know, to me, I don't have money. When you see what America was doing. Trump had an easy route to being reelected. He was going to get reelected. There's no Covid. He gets reelected.
- [94:50]
Anthony Scaramucci
I. Okay, so I agree that he was getting reelected and I would have bet that reelection. I'm just saying to you, your view. Okay. Which I'm not disagreeing with. I just think it's number three on the list of reasons that they.
- [95:06]
Patrick Bet-David
Yeah, they wanted to get rid of him. So if you wanted to get rid of the guy, let's make it number five. Number six. Now, I don't care if it's top 20 list you want to get. If getting rid of somebody is a way of saying we don't want that guy back.
- [95:17]
Anthony Scaramucci
Okay, so now that he's back, he's helping them with this arbitrary, capricious.
- [95:21]
Patrick Bet-David
Well, I don't, I don't mind. Listen, I don't mind the whole Supreme Court ruling that happened. Six, three. And they have to go back and now they're forcing to pay out. Apparently they have to pay out even sooner the way the court's doing it. And they're going back and forth with that. I know, you know, I trust the Constitution. This, the Supreme Court became a very powerful thing for, for us to watch the last eight years, him replacing three seats. And if it was the other way around, I don't know what Obama's Supreme Court ruling would have been if they try to remove him from being on the Colorado ballots, and if one state would have agreed, two, three, four, who knows what could have happened? If we had six, seven liberal Supreme
- [96:00]
Anthony Scaramucci
Court justices with Trump on that.
- [96:02]
Patrick Bet-David
I know they did, but because it was a conservative majority Supreme Court.
- [96:06]
Anthony Scaramucci
So look, I mean, so to conservative court ruled with Obama on Medicare, on the Obamacare.
- [96:12]
Patrick Bet-David
They did. And a conservative ruled against Trump on tariffs. So the part. What I'm saying is I trust the Constitution because of Supreme Court, but the Supreme Court here, conservatives will typically more side. You know what their value is. Liberal Supreme Courts will typically side with their political party much more than conservatives will. If you draw the line and go
- [96:33]
Anthony Scaramucci
through it, definitely been the case.
- [96:34]
Patrick Bet-David
Yeah.
- [96:35]
Anthony Scaramucci
The decisions over the last 10 years.
- [96:36]
Patrick Bet-David
So, to me, I realize Trump's a disruptor. I realize if we wanted something to happen to completely dismantle. And by the way, you know, I'm curious to go here, Tom. I'll go to this one thing, though,
- [96:48]
Anthony Scaramucci
if you don't mind. So you guys, collectively, there's four people here. If we put it to a vote, I'm the only one that thinks that Trump kisses Putin's ass. I'm the only one here.
- [96:57]
Brandon Asseto
Yeah, definitely.
- [96:58]
Anthony Scaramucci
So you don't. And you don't think he kisses Putin's ass?
- [97:00]
Tom Ellsworth
No, I don't think he does. Is he differential, too?
- [97:03]
Patrick Bet-David
Absolutely not. I think it's the following. Listen, you think the audience is happy that I have you right now on the podcast? What do you think we're getting some
- [97:15]
Anthony Scaramucci
negative reaction because they love Trump?
- [97:16]
Patrick Bet-David
No, but here's what I'm trying to tell you is I don't care if the audience is not happy that I have here. I want to have the conversation with somebody that maybe has a deferred view. I want to have that conversation. Right. I don't mind it. So there's a part where the audience is going to be like, I can't believe you had him on. I can't believe you had Wiener on. I can't believe he had Cuomo on. I can't believe.
- [97:36]
Anthony Scaramucci
Well, that's what makes a good podcast, though.
- [97:39]
Patrick Bet-David
I want to talk. I want to talk to everybody. I want to talk to people and see how the conversations will go. Even if it's deferring. No. For me, when you sit there and think about what he's doing, he works the room. He's the best politician we've had in our generation. He's a negotiator. He's tough, he's strong, he's Unpredictable and predictable in the most important ways that we need today. So for me, I like that. I trust that part of it. You know, there's an element of certain guys that come out of startups. You know how there's wartime leaders and there's peacetime leaders and there's startup CEO founders and then there's, you know, corporate CEOs. You ever want to see how startup CEOs don't typically go take that big corporate job and corporate job guys, the big CEOs typically don't show up during the startup phase. Why? They're not used to the chaos that much. You know, I don't know if you saw the new contract they just give to the new CEO of Google. Just see the number. $639 million or $649 million payday. He's not the founder, he's the CEO. He's going to get paid a few billion dollars over the next few years. And by the way, 692, good for him. Trump is a founder. Startup chaos, you know, being inside the tornado, that's his comfort zone. That's not everybody. To be able to handle all of this at the same time and still come up to the State of the Union and drop the message as if it's the greatest time to be an American. Three days after Supreme Court ruled against you and some of them are sitting right in front of you. And three days after, you know you're going to attack Iran and nobody knows, nobody in America can do that today. That's what makes him unique and that's what drives his opponents insane, because they know he's capable of doing that.
- [99:22]
Anthony Scaramucci
Why do you think his approval numbers then are so low?
- [99:25]
Patrick Bet-David
Amongst who? Amongst Republicans?
- [99:27]
Anthony Scaramucci
No, if you look at. No, he's. He's very high among the Republicans.
- [99:30]
Patrick Bet-David
That's what matters to him. That's his base. You think it's going to, by the way, voter id. Go to voter id? What did CNN show with voter id? All this stuff you see that blacks and you know, black people can't vote. Black people can't do this. Black people can't do that. Like all these stuff that. Rob, if you want to show this real quick, I just have this on my phone. Not this clip. If you can show up this picture. So this is what everyone's saying about voting. Chuck Schumer said blacks aren't capable of getting IDs. Okay, Hokul. Blacks don't know what a computer is. Newsom, I can't read. I'm just like, you Black people, okay, Biden, you ain't black unless you vote for me. That's the opposite. That's the Democratic Party. And you know what they're doing this fear point of voter id. They believe illegal immigrant, Mexicans or others that are coming from south and Central America, they believe they're capable of getting an id, but they don't think black people are capable of getting an id. And in the interim, CEO, CNN comes out with a poll showing what the majority of Americans are with them on voter id. Majority of blacks.
- [100:43]
Anthony Scaramucci
You don't have to convince me on that issue. I think the historical issue there, this is where the Democrats are making a mistake, is that when blacks were voting after the Voting Rights act, and I'm talking about the one that was passed after the Civil War, they got their IDs, they went to their houses, and the KKK set fire to the houses and lynched the fathers, okay? That happened 150 years ago. I don't think people should be able to go into the voting booth without an id. So I'm for the voter.
- [101:14]
Patrick Bet-David
No, what I'm saying is a majority.
- [101:16]
Anthony Scaramucci
Remember, I'm a lifelong Republican. There's stuff about Trump I like, and there's stuff about Trump I dislike, but
- [101:21]
Patrick Bet-David
I think he's crushing it, in my opinion. I think he's doing great.
- [101:24]
Anthony Scaramucci
Okay?
- [101:24]
Patrick Bet-David
And I think he's. Again, I, I could be wrong. And when I am, we'll sit there and we'll talk about it. I think he's doing great.
- [101:31]
Anthony Scaramucci
Some of the content is great. I think some of the style is really hurting the country.
- [101:34]
Patrick Bet-David
I don't disagree. I. By the way, I don't think this. I disagree that his style hasn't hurt it. For nine years I was in that he was in. I don't think, you know, that whatever, five and a half years that he's been in. But to me, you can't get one without the other. Okay? You can't. You see what Rubio is doing right now? By the way, there's. This is the part I'd like to go to, because I'm curious to know what you'll say about this. We talked about this last week, but the story eventually came out and Trump talked about it. Trump says that he and J.D. vance have slightly different views on attacking Iran. Did you see this story that came out? Yeah.
- [102:08]
Anthony Scaramucci
No, I've talked a lot about it.
- [102:09]
Patrick Bet-David
You want to, you want to play this clip? Rob, go forward.
- [102:14]
Brandon Asseto
And your vice president, when it comes to US Action in Iran, I don't
- [102:18]
Rob (Producer/Tech)
think so, no, no, we get along very well on this. He was, I would say, philosophically, a little bit different than me. I think he was maybe less enthusiastic about going, but he was quite enthusiastic. But I felt it was something we had to do. I didn't feel we had a choice. And if we didn't do it, they would have done it to us. I felt based on the negotiations that were being had by Steve Witkoff and Jared Kushner and Marco and Pete and everybody was involved, I felt that they were going to. That they were looking to tap us so long before they hit. And I thought they were going to hit. And if they hit us first, that would have been a very bad thing.
- [103:01]
Patrick Bet-David
How different do you think they are, the two, JD And Trump on this issue? Specific Iran?
- [103:06]
Tom Ellsworth
I think they were meaningfully different. Do I think it was black and white? No, but I think they were more different than Trump is letting on. But Trump's not going to go up and stand there, and his personality is not that he's going to promote or give credence to controversy on that level. Eastern is going to say, you know, he was less enthusiastic, but he was enthusiastic, but he was less enthusiastic. I think when Trump says a little like that, sometimes Trump is saying a lot. And I just look at where's J.D. vance at the briefings? Where's J.D. vance in photographs of the situation room? Where's J.D. vance been? He's kind of been, you know, preparing to kind of go to war with Gavin Newsom. Sorry to use the word on fraud, like he's going to be the fraud czar and go on that. And so I've seen that. And then we've all seen how Rubio has conducted himself. Not ahead of the president. Very, very clear. Good press conferences, good clarity that I think gives. Gives confidence. You may see things differently between the lines because I haven't worked with them. You have, but that's kind of my take on Vance. It's like, where is Vance?
- [104:22]
Patrick Bet-David
Where do you stand, please?
- [104:26]
Anthony Scaramucci
He doesn't want those guys taking any credit for his success, number one. Number two, I said at the beginning of the term, I said that he's going to put Vance in the wood chipper like in the movie Fargo. And Vance is halfway through the wood chipper.
- [104:42]
Patrick Bet-David
He.
- [104:43]
Tom Ellsworth
Is that your partner in the wood chipper?
- [104:45]
Anthony Scaramucci
Yeah, yeah. He's putting him in a wood chipper right now because couple things. He made the decision to pick Vance three days after he was traumatized by a near assassination. And by the way, whatever you think I think of President Trump. Thank God he was not assassinated. Okay. And I said picking Vance that quickly I think is going to cause a problem because he was under the gun there. And I think that he was offered a lot of money into the campaign and things like that that I think influenced him.
- [105:16]
Tom Ellsworth
You read it pretty well. Who did you think was what's gonna be the choice?
- [105:20]
Anthony Scaramucci
I thought Rubio was gonna be the choice.
- [105:22]
Tom Ellsworth
Really?
- [105:22]
Anthony Scaramucci
Yeah, yeah. Because Susie Wiles loves Rubio. Remember, they worked together very well in Florida. You gotta remember, I've been in this party for 30 years. Susie Wiles was tight with Jeb Bush. She made Ron DeSantis. I mean, they're fighting now because DeSantis sort of dispatched her. Okay. Which is why she ended up with Trump. But she's very tight with Rubio and she was the pick. He was to pick for Secretary of State as a consolation in not getting the Vice presidency. It's a better job, by the way, because Secretary of State's a better job. But let me just finish this thought pattern. Two more things. They ran as peace candidates. Go look at the brochures. Go look at the, you know, the stuff on the Internet. And they ran as non interventionalists. Am I making this up?
- [106:07]
Patrick Bet-David
No war.
- [106:07]
Anthony Scaramucci
And they ran on no more forever wars and things like that. And where Vance wants to differentiate himself because he leaked this. The CBS News. I can show it to you that he disagreed with Trump on the war. Okay. Cuz he's trying to get his footing for 2028. Okay. And he did. He did leak it. Okay. So he's.
- [106:25]
Tom Ellsworth
Vance leaked the CBS about this.
- [106:27]
Anthony Scaramucci
He did. I can show you the.
- [106:28]
Tom Ellsworth
I'm not down here.
- [106:29]
Anthony Scaramucci
I'm just repeating what you said because the actual article said officials working very closely with Vance said that he did not want to do this. Moreover, Vance was nowhere on Venezuela.
- [106:41]
Patrick Bet-David
Right.
- [106:41]
Anthony Scaramucci
He wasn't in the Situation Room like Marco Rubio. He was nowhere on this. I mean, he made up some like fake situation room for himself to sit in while everybody that was around the President making the decisions were in Mar a Lago. So Vance, whether you guys like it or not, in my opinion, is on the outs. Rubio is on the ins with Trump for now, but may not be forever because that's what happens in Trump world. You know who was on the ins with Trump and was like this with Trump? Mike Pompeo. Like this. And Mike made a decision not to run in 2024. Cuz he didn't want to be on the outs with Trump. Is he on the outs with Trump. Now he is. Okay. And that's what happens in Trump world. You go in and you go out. Unless your last name is Trump or your cautionary. That's related to the Trump family. You can go in with Trump or out with Trump.
- [107:34]
Patrick Bet-David
Very quickly, I think they've taken a different approach with this. I want to go to the business. They've taken a different approach at the same timelines.
- [107:41]
Anthony Scaramucci
Is on the ins with Trump.
- [107:42]
Patrick Bet-David
No, no, no pressure. No way.
- [107:45]
Brandon Asseto
First thing Vance said was we need to bomb around. He's like, hey, My name is J.D. vance. We need to bomb Iran. So that's why I think this is where Trump never really spoke about. Remember that Vance. That was like the first thing he said when he became vice.
- [107:55]
Patrick Bet-David
He wasn't comfortable with it. That's not him, though. Yeah. And by the way, the, the behind closed doors, there's a community that's protecting JD because yeah, they want JD to go. Tech is on JD Side and the other side is going to be with Rubio. I just think Rubio is. I want to go to business. I want to go to business. Tom.
- [108:10]
Tom Ellsworth
Yeah. My external feelings and gut was aligned with you and you've kind of confirmed.
- [108:14]
Patrick Bet-David
Yeah. So let me go to business. Okay. Can you go to. Consumer price index rose 2.4% annually in February, as expected. That stat at the same time we have while that's going on, which is great news. You know you have the other report that comes in within a week apart, three days apart. U.S. economy shed 92,000 jobs in February, well below expectations. So 2.4%. Anthony, what does that mean? Rob, is this the clip? Well, we know what it is. He's just given a report. Right. What are your thoughts on this?
- [108:43]
Anthony Scaramucci
Well, I mean, you have to tell me how the war is going to end. My thoughts on this is the near term numbers are not going to be that big of a deal. It's the trend numbers. The trend numbers. I think rates should have been cut six months ago. I could make the whole case for you. I want to bore you with it, but you're probably 50 to 100 basis points too high relative to where the statistics are. And I would tell, I would point everybody to truflation.com, which I think is a much better measurement of overall inflation in the United states. It's at 0.92%, something like that. So the Fed has lots of room to cut. I hate to say this about Jerome Powell, but I think he's been influenced by the fight that he's in with Donald Trump, and I think he's trying to assert Fed independence relative to that. And he should have cut the rates earlier. So that 2.4 number and the 92, if you look at them in isolation, say, oh, shit, we're heading for stagflation. I don't believe we're heading for stagflation because I think the war is gonna settle out, the oil prices are gonna come down, and I think the trend line for the economy is still generally good.
- [109:46]
Patrick Bet-David
Tom.
- [109:48]
Tom Ellsworth
So job reports is like this parlor game of who's telling the truth. It's like listening to China talk about their own inflation stats and their own census stats, right? You just, you have a hard time believing China on that. And unfortunately, the jobs reports has been something that a number comes out. Everybody says it's political. One side's leaning this way, one side's leaning that way, and 30 days later, they revise it. Oh, so. And then they revise it again. For instance, December. Pat, let me step back to December. December's report was Revised down by 65,000 in the same report from a gain of 48,000, which seemed to match all of the seasonal workers and everything that the Amazons and everything were doing and seasonal gig work from gaining 48,000 to. Wait, wait, wait, in December. We actually lost 17,000 jobs in January. No, no, we didn't have 130,000 jobs. It was closer to 120,000 jobs. And so now we have these job loss expectations. So there is one simple truth, right? We need, and we don't have yet the manufacturing machine kicking in. It takes time to build the factories. It takes time to build the infrastructure that is not hit yet. So those jobs are not coming. And we have seen a tremendous amount of, of layoffs just in the last 30 days from corporate America. But at the same time, we have CEOs saying, yeah, I kind of blamed it on AI, but we weren't completely sure that it was AI, and maybe it wasn't. We've seen guys backpedaling. So this report is not good. It shows slowing job growth in the US and they're backing up and correcting the last two months downward. That's not good. Even if you assume that this report is only 50% correct, directionally, it's not good for jobs. Is it AI? Is it seasonal? Maybe, maybe. But we also are waiting for investment and manufacturing jobs to kick in because trillions of dollars have been committed, US and internationally. But those, those facilities, those factories haven't been built yet.
- [111:58]
Patrick Bet-David
Yeah, but by the way, did you see the unusual whales? Rob, can you post this tweet? I'm curious what you guys think, whether there's an this going on because they posted per Fortune magazine that thousands of CEOs admitted I had no impact on employment or productivity and it got millions of views. Your thoughts?
- [112:19]
Tom Ellsworth
And what happens to your stock if you say I'm increasing productivity, I have a little layoff because of AI, and I'm going to give you stock explode. That's right. I'm going to give you another 3 cents a share.
- [112:29]
Anthony Scaramucci
I think that statement, Patrick, is very similar to statements that we witnessed during Web1 when people were talking about innovation related to the Internet. We're just not onboarded yet. 100%. I don't think anybody's going to be making that statement in five years.
- [112:45]
Brandon Asseto
Yeah, the implementation of it, that's going to be a big industry is companies that are able to help companies implement AI the best way. But I mean, inflation thing, biggest gaslighting ever. I mean, the fact that we, I mean, I'll say Trump is doing a good job in bringing it down in the right direction, but for us to celebrate a 2.5 CPI gaslighting, I mean, that number, like inflation's not going down until that number is negative. Now tell me if you disagree. But the fact that it's 2.5% means just went up 2.5% from the year prior. Right. So, you know, this goes back to the Pokemon card thing. That's why limited assets are going to be valuable and more valuable every year because that means there's 2.5% more money added to the economy this year. That means your savings account was devalued by 2.5%. So that happens every single year. When they say the CPI was 2% or 3% or 4%, that's the amount of value you're losing off your money.
- [113:34]
Anthony Scaramucci
Okay, but let's explain. This is very important for viewers and listeners. Milton Friedman, the Nobel Prize winning economist. Economist. What did he say? He said that deficit spending is unfunded tax liability and you're going to pay the man one way or another. Our politicians have decided to pay it through the most pernicious and regressive way to pay it. And that is through tax. The tax of inflation.
- [113:58]
Brandon Asseto
Yep.
- [113:58]
Anthony Scaramucci
Okay. Rather than just saying, hey, this is what we're going to pay for the military and our social services. This is what you owe. They're afraid to do that. So they're taking it from your savings account. And one of the things that I really don't like about it, Patrick, is that the working poor don't understand it 100%. You know, my parents bought their house for $16,000. It's worth $780,000 on Zillow. But if you priced it in gold, Patrick, the house was purchased for 450 ounces of gold in 1962, but it's worth only 250 ounces of gold today. Okay. Based on where the price of gold is. So I try to tell my folks, you guys think you made a killing on it, but the inflation is making you think that. And so this is a trick that we do to poor people. They think they have more money because $100,000 has $10,000 worth of purchasing power from 1971. But they now think they have more money because they're looking at $100,000 in their bank account. So this is really bothers me which is why you're right. Cards like that Mickey Mantle bitcoin will go up primarily because of what we're doing here in terms of money printing. But, but go look@truflation.com the inflation numbers in the United States are not as high as that CPI suggests.
- [115:15]
Brandon Asseto
I'm surprised by that because it felt like it was going up this year. But that's just a feeling.
- [115:20]
Anthony Scaramucci
You, we, we had a 9, 10% move during the Biden thing. If he wants to, if you want to attack Biden, okay. And they were out of control with the way they handled the economy. But they haven't gone up that much relative to that move. That's why we're all feeling it because the egg prices are still very expensive. They didn't go down. They're just not going up as fast as that number is saying. Just go look@truflation.com, they aggregate from the entire country. They don't do it in this old style methodology that the government does.
- [115:52]
Brandon Asseto
Yeah.
- [115:53]
Tom Ellsworth
Long before the deficits of today. I was an adjunct professor in MBA program. And I said it then, I'll say it now. If you don't believe what you're hearing, Google this phrase government long term debt inflate their way out 100%. Just Google that phrase. I was talking to Pepperdine and to Biola 15 years I told people to search for that phrase. And you will see the story of how the governments can actually eradicate the debt. It's called inflate their way out.
- [116:25]
Anthony Scaramucci
Well that's why, that's why fiat information. That's why fiat currencies don't last. Can we go back to that truflation thing? Because I want to show people that the US dollar has lost 28.25% of its value since January 2020. Has everybody see that, ladies and gentlemen?
- [116:42]
Brandon Asseto
Yep.
- [116:42]
Anthony Scaramucci
So if you had $10,000 in your savings account, you now have $7,200 worth of purchasing power. Does everybody understand that? And this is. This is a malpractice by both parties, ladies and gentlemen, okay? You can like Trump or dislike Trump. Both parties are doing a number on you.
- [117:02]
Patrick Bet-David
And by the way, if it says 28.2, that means $100 in 2020 is not worth $71.75.
- [117:11]
Brandon Asseto
Right.
- [117:12]
Patrick Bet-David
But the question is this.
- [117:13]
Anthony Scaramucci
Six years later, what do I have
- [117:15]
Patrick Bet-David
to do to have maintained stock? I don't even think it's 4%, because even 4%, what would the number be?
- [117:24]
Anthony Scaramucci
To catch up, you're good if you're
- [117:27]
Brandon Asseto
in the S and P. No, no,
- [117:28]
Patrick Bet-David
you're for sure good if you're in
- [117:29]
Anthony Scaramucci
the S and P, because they probably compounding 6, 7%. Just doing the math off the top of my head. But. But most people can't do that, Patrick. And most people are living, you know, paycheck to paycheck. The other. The other big problem in the country is if you want to own a house, and the median price for a house, according to realtor.com is $380,000. And you don't want to be house rich and cash poor, you got to make, like, $170,000 and the median income in the country, $84,000. So this is why people are angry, and this is why people are choosing populism and people like Mandani because they really feel left out of the system.
- [118:09]
Patrick Bet-David
How do you feel about Mom? Danny, you're in New York. What do you think about what he's doing?
- [118:13]
Anthony Scaramucci
Well, I will say this, okay? I'm impressed with the relationship that he's trying to build with Trump. I'm also impressed with the relationship that he has with the cops. You know, he kept Commissioner Tisch, and he's trying to give them exactly what they want to maintain law and order in the city. And, you know, listen, I didn't vote for him. It wasn't my choice. Chris's brother was my choice. I grew up with Chris and Andrew, and again, I'm a Republican, so I would have chose the Republican, but there was no chance for a Republican in that state. Okay, so. So I went with Andrew. But I will say this. It feels like he's Running the city more moderately than he campaigned on. It's only a couple of months, Patrick, but that would be very good for the city because if he goes in that direction, it'll be devastation for the city.
- [119:05]
Patrick Bet-David
Let's do a last couple stories here. With five minutes we got left. Bitcoin prices rise. Why oil could dictate what happens next for cryptos. What do you think is going to happen with bitcoin cryptos during this volatile season? Is that Anthony Pompliano?
- [119:21]
Tom Ellsworth
Yes.
- [119:21]
Patrick Bet-David
Play the, play the clip.
- [119:23]
Anthony Scaramucci
All right, so let's put it all together. We've got a war in Iran. We've got a spike, at least for now, eight day spike in energy prices. We've got a disruption concerns. We've got cracks.
- [119:33]
Patrick Bet-David
She just asking questions.
- [119:34]
Anthony Scaramucci
And we have a weaker jobs report. How do you invest right now?
- [119:37]
Patrick Bet-David
Buy bitcoin. That's what it is. Where are you at with it, Anthony?
- [119:43]
Anthony Scaramucci
Well, listen, it's my largest position by far. I've added to the position recently in the, in the correction. I do believe that Bitcoin is going to be a big operating layer like your former guest Michael Saylor, who wrote the forward of my book about Bitcoin. And I'll just say two quick things. When we move into agentic AI and a computer's not, for regulatory reasons able to open up a bank account somewhere. Guess what the computer's gonna do? It's gonna figure out a way to trade on the blockchain and use things like Bitcoin. And so don't underestimate the power of this. Moreover, in a decentralized society where we're losing our trust in fiat currencies, I think bitcoin as a store of value or a potential layer of value that we transact with is going higher and it's a very limited supply. And forget about you and me, I'm talking about kids that are my kids, ages as they go. 10 years from now, 20 years from now, they start running the big money. This is going to be a very big asset. So is it a $35 trillion asset like gold trading at 1.5 trillion right now? I believe it is. Could it take 15 years to get there?
- [120:55]
Patrick Bet-David
Probably 35. So you think it can 20x where it's at right now?
- [120:58]
Anthony Scaramucci
I do. I think it's going to be the market capitalization of gold, but I think it's going to take 15 years to get, to get there. It's not going to happen overnight.
- [121:05]
Patrick Bet-David
Right, right. You see Michael Saylor and them, they just bought another 1.3 billion. I don't know what the number.
- [121:10]
Anthony Scaramucci
1.3 billion. He's single handedly propping up bitcoin during this bear market. And he's set up now to buy, you know, another 10 to 20,000 bitcoin at a clip every quarter. He's buying more than the mine supply of bitcoin right now. Okay, so 450 bitcoins are coming out of the network and Michael's buying roughly about 600 a day just to give you a sense for what he's doing.
- [121:34]
Patrick Bet-David
They got to do blood work on this guy. They got to do blood work on this guy to see if it's ice cold or, you know, where is it at? I mean, is there, is there a. Is he that ice cold?
- [121:43]
Anthony Scaramucci
You know, I watched your interview with him. I guess the only thing I would, not to overly simplify the interview, but Michael is in the software business. And Michael tried to compete against Microsoft and lost. And he now sees this as the operating software for the future of money. And so he didn't make it, but he wants to own it because he thinks that's where the future is going.
- [122:02]
Patrick Bet-David
Let me get to this next one here. Anthropic sues Trump administration over Pentagon blacklist. Rob, I think you got a clip on this one as well. And we'll wrap up with the story. Anthropic. Let me see, what page is it on? Rob, you gotta, you got a clip on this? Let me read this to you. Page 27. Here we go. So Anthropic sue Trump administration on Monday seeking to reverse blacklisting by the Pentagon that declared the AI company a supply chain risk. Is that the clip? How long is it, Rob? Does he get right into it?
- [122:34]
Anthony Scaramucci
Yes.
- [122:35]
Patrick Bet-David
Go for it.
- [122:36]
News Reporter
Artificial intelligence firm Anthropic sued the US Government on Monday trying to block the Pentagon from placing it on a national security blacklist. The lawsuit escalates Anthropic's high stakes battle with the Defense Department over the uses and limits of AI in military technology. Defense Secretary Pete Hegseth designated Anthropic a national security supply chain risk last week. That came after the startup refused to remove guardrails against using its AI for autonomous weapons or domestic surveillance. Anthropic said in its lawsuit that the designation was unlawful and violated the company's freedom of speech. The filing in federal court in California asked a judge to undo the designation and block federal agencies from enforcing it. The designation poses a big threat to Anthropic's business with the government and could limit the use of a technology that a source said was currently being used for military operations in Iran. President Donald Trump has also directed the government to stop working with Anthropic, whose financial backers include Alphabet's, Google and Amazon.com. trump and Hegseth said there would be a six month phase out. Anthropic said even the best AI models were not reliable enough for fully autonomous weapons and that using them for that purpose would be dangerous. The company.
- [123:55]
Patrick Bet-David
You can pause it right there, Anthony, what's happening here?
- [123:59]
Anthony Scaramucci
Well, listen, you know, this is, again, you guys are going to be mad at me, but I like process because process made your family and my family rich. When you're decentralized at the top and you don't have over autonomy and yet process, then people can be aspirational. When it's too concentrated, then people think the system is rigged. And so I think they overly bullied Anthropic here and they could have gotten to a deal with Anthropic. But this is that overzealousness that goes on sometimes when people are bowled up with a lot of power. And I think they're going to lose. They lost the tariff case. If you'd asked me that six months ago, said they're going to lose the tariff case, they're going to lose this case in court. And if I was advising President Trump, and I'm not Pete Hexath, but if I was advising President Trump, I said, sir, we're going to lose this case in court. I don't want to lose another case on behalf of the Trump administration. They have unbelievable technology. Before the show started, I asked these gentlemen here if they use Claude. They all said that they did and they like it better than ChatGPT. And I don't want the government and the Department of War to lose the resource of Claude. So cut a deal and drop the case. That's my recommendation. But if they don't, they're gonna lose the case.
- [125:12]
Tom Ellsworth
Well, first of all, let's talk about the scale. This is a $200 million contract, which the Pentagon spends more than that. Just in the last 10 syllables I uttered. And that's all this was $200 million IT services contract. And they said, but we don't want you to use it on domestic surveillance. Meanwhile, over at the nsa, they kind of already are.
- [125:38]
Patrick Bet-David
Right.
- [125:39]
Tom Ellsworth
There's things that are happening that they're already, already, already happening.
- [125:42]
Anthony Scaramucci
Different bucket, though.
- [125:43]
Tom Ellsworth
Sure.
- [125:43]
Anthony Scaramucci
No one's pushing back about that.
- [125:45]
Tom Ellsworth
No one's pushing back about.
- [125:46]
Anthony Scaramucci
We're talking about CIA inside The United States versus the FBI, Department of Defense inside the United States versus the nsa.
- [125:53]
Tom Ellsworth
Yep. No, no, but that's exactly right. So one part of the argument I think is kind of lunacy. Do we not think that there's three letter agencies that are using these new tools as part of domestic surveillance, tracking down terrorists and, you know, expanding the. The oversight? Yes, I do. And I don't think anybody in rational argument could say it's not to be arguing publicly about a $200 million contract with the Department of Defense and ending up in a lawsuit position that I agree with you, the administration will lose. I don't think that's smart. I think you got to come back and say, sir, it's a $200 million contract. NSA is already. FBI are already doing stuff and more with and without warrants. You know, you want to talk about no knock. No knock warrants with the. With the FBI. This. That's nothing compared to what they were doing with. With tools like this. I think this was a dumb fight to have spilled over in public.
- [126:46]
Brandon Asseto
Yeah, Claude's by far the best AI out there. But this makes me think of what happened with MySpace, because I. If I'm not mistaken, I think MySpace was asked to do a similar thing. They said no, and then, you know, CIA, allegedly CIA backed Facebook, you know, crushes MySpace. MySpace disappears forever. So. Tends to not go so well for companies that start off really successful, the government's interested in. If they don't play ball at the government. Tends to not go so well. So, yeah, I disagree with how Trump and the administration's handling this one. I mean, you know, obviously, if we were. If we had Biden as president, he was trying to do this with a company like Claude, we'd be outraged by it. So, I mean, I don't like the nature of spying on citizens. I could get on board with the military usage of it, but not the domestic surveillance, because I'm not a Patriot act guy.
- [127:33]
Anthony Scaramucci
We're all agreeing again.
- [127:34]
Patrick Bet-David
Patrick, this is a problem. We're all agreeing, guys. Some kind of a fight. By the way, ChatGPT right now, weekly users, 900 million, two and a half billion prompts per day, 50 million paid subscribers. 92% of Fortune 500 companies as of right now use them. And 2025 market share. ChatGPT had 87% right now at 68% and declining. Wow. Which is what's naturally supposed to be
- [128:04]
Anthony Scaramucci
Yahoo and the others.
- [128:05]
Patrick Bet-David
Google, Right. And the other products, they just. Everybody I talk to now, like, nah, I don't use Chat. No, I moved. No, I moved to Perplexa. No, I moved to. It allows you to use all of them. This one has access to all of them. I'm using Claude. I'm using this. And Tom, you know, typically Tom, you know, normally mentions Kim, the female name he uses the most in Tom's life.
- [128:29]
Tom Ellsworth
It's Kim.
- [128:29]
Patrick Bet-David
It's his wife's name. But there's a new girl in town, her name is Courtney and it's his Claude assistant. And everybody at the office, I'm not even kidding with you, everybody at the office walks around saying, who the hell is this Courtney group? We've never met her. And that's his assistant, Tom. How effective is Courtney for you?
- [128:47]
Tom Ellsworth
So Courtney was a name that I gave to a replicant that I built on the OpenClaw platform. OpenClaw started out as Claudebot in October of last year. Then the engineers got a letter that said that I'm anthropic, didn't like them using the word Claude, so they said, okay. They changed it to Moltbot because lobsters shed their skins called molting. Which shows you why engineering should never be allowed near marketing. And then they subsequently changed it to openclaw and kept their mascot. So this is the origin of openclaw started last year. So I was reading about this last year and in Aspen is when I sat down and said, okay, I'm going to do this. So I stood up an Amazon EC2 instance with Ubuntu Linux, loaded Openclaw on it and started teaching it skills to get done what Jason Calacanis calls chores. So I said, can I get certain chores done and get them done faster so that I can make decisions, do the mental work? And that's what's going on. It does charts and it cranks out charts for me that are easy to see so I don't have to do that with the numbers. Then I go and make the decisions in my daily work. But I'll tell you, I'm using it at probably 15% of its capability because if you look around out there, this is where agentic AI, you know, agents. And to get it to talk to me, I use Telegram to talk to it and I used Open Labs to choose a voice. So I chose this British voice that they call the Moneypenny voice because she was the one that was always helping MI6 and James Bond. And I named it Courtney.
- [130:33]
Patrick Bet-David
I like it.
- [130:34]
Tom Ellsworth
And, you know, it gets a lot of things.
- [130:35]
Patrick Bet-David
Kim is okay with it. Kim is okay with it.
- [130:37]
Anthony Scaramucci
Read your emails. Does it read your email.
- [130:39]
Tom Ellsworth
It can read the email if I want it to. I'm being very careful on security because also what happens when OpenCloud gets a bug and then it goes into your email reads a bunch of stuff and you're a stockbroker and now a bunch of information. Inside information street or decides to send
- [130:55]
Patrick Bet-David
random stuff out security BD route. They're have a lot of security that's going to go through it. But remember last thing to ask your security needed viruses. Right Anthony? Last thing. Your son bought Logan Paul's Pokemon card for 16 and a half million dollars. 16 plus million dollars. And he said he wants to buy T Rex. He wants. Is this the clip Rob of what he wants to do. Go ahead, Rob.
- [131:17]
Anthony Scaramucci
My ambitions have good genetics. A small story that's my other son story is I'm on a planetary treasure hunt right now and I am on a quest what to buy a T Rex dinosaur fossil that's on my list. I'm going to buy the Declaration of Independence. Maybe from you we'll find out. Oh, this is crazy. And I'm not stopping there.
- [131:38]
Tom Ellsworth
This was only the beginning. Yep.
- [131:40]
Anthony Scaramucci
This is my brother, Tony Moochie. He's a. He's a film director and we have been fans of Pokemon since we were kids. This was the right way to start the treasure hunt.
- [131:50]
Patrick Bet-David
You just starting?
- [131:50]
Anthony Scaramucci
I just started started it, bro. That is so the Treasure hunter.
- [131:57]
Patrick Bet-David
First of all, how's it feel your sons are doing deals like this?
- [132:00]
Anthony Scaramucci
First of all, I'm very proud of both of them. I would, you know, if I probably sound like I'm brave. My, my oldest son went to Stanford Business School. He went to Tufts, Stanford Business School, worked at Google for Eric Schmidt, he worked at Tesla and he built his own venture capital firm. Raised a ton of money for himself running, you know, several hundred million dollars at Solari Capital. And he is creating apropos of what you were saying earlier. He's looking for assets that will go up in a debasement rate. And so this would be physical assets and that would include things like collectibles. And so I think there will be hopefully a T Rex in there. There'll be a Declaration of Independence. There'll be other baseball cards, other Pokemon collectibles. But I think he wanted to make a statement. And Patrick, you know marketing about as well as anybody and I'll send this to you because I did an analysis for him. The impressions on Instagram, the fact that we're talking about this on your incredibly successful show and the impressions that he got across social media and 40 different news outlets around the world. It was like buying the super bowl twice. Okay, so buying every advertisement on the super bowl twice. And so it's $10 million for 30 seconds to get your story out on Super Bowl Sunday. And this was 16 and a half million dollars. I think he's got his story out
- [133:23]
Patrick Bet-David
in most places, Steal steel.
- [133:25]
Anthony Scaramucci
So I'm very proud of him. I thought it was brilliantly executed by him.
- [133:28]
Patrick Bet-David
What start did you give them when they got started and they came to, dad, can you give us some money to get started? What was that conversation like?
- [133:34]
Anthony Scaramucci
Well, I spoil the shit out of my kids. They probably don't like me saying that because I live by Mel Brooks adage. Relax. None of us are getting out of here alive, Patrick. And so my attitude is, I didn't have any money growing up. I have a little bit of money now. Anything I can do to help bolster my kids, it's their lives. And I'm not taking any credit for AJ's success or his vision, but I've certainly tried to help in the small ways that I can respect.
- [133:59]
Patrick Bet-David
That's amazing. It's great to see him doing what he's doing. Your two boys, especially, working together and giving him the credit. That was great to see. And by the way, I got a text two weeks ago of a guy messaging me, we're on a flight. Says, do you want to buy a T. Rex? I thought it was a joke, and I said, what do you mean, do I want to buy a T. Rex? He says, well, there's a T. Rex owner of a museum in Europe that wants to sell it. You want to buy it?
- [134:24]
Anthony Scaramucci
Yeah, we looked at that one.
- [134:26]
Patrick Bet-David
You looked at that one?
- [134:27]
Anthony Scaramucci
That's a good one. It's going to. The problem with these. These skeletons, you know what?
- [134:31]
Patrick Bet-David
He's asking for it.
- [134:31]
Anthony Scaramucci
But that was probably 55, I think, right? What was it, 55 million?
- [134:35]
Patrick Bet-David
Yeah, yeah. Little. Little less than that. But maybe I gotta introduce this guy to you guys.
- [134:39]
Anthony Scaramucci
Okay, Well, I. I think AJ's already talked to him, but. But there's one in Vancouver. The problem with these T. Rex is
- [134:44]
Patrick Bet-David
there's only 30, 38 of them.
- [134:45]
Anthony Scaramucci
There you go. And they're not complete.
- [134:47]
Patrick Bet-David
No, they're not.
- [134:48]
Anthony Scaramucci
Okay. And so you have to really analyze, and you got to get the right parts of the skeleton to really make the thing right.
- [134:55]
Tom Ellsworth
Yeah. You got Lucy, which is almost complete, and then you have everything else, which was skull and this, and how many replica bones make it up.
- [135:03]
Patrick Bet-David
You know what the sales was, imagine if you buy it and if you put it in your office in your hangar and people stop by. I say, you want me to buy T. Rex and put it in my hanger for people to stop by?
- [135:14]
Anthony Scaramucci
Well, let me tell you something about a T. Rex, okay? Now that we're talking about it, you can get yield on a T. Rex, okay? You can, you can display that and get yield. You know, I owned for, I don't know, 10 years the Batmobile from Batman Returns, you know, with Michelle Pfeiffer. And we got yield on the car. You know, we bought the car and we moved it around the country to various car shows and they paid it. That's the car. You know, we had a website called Chicks love the car. You're not allowed to do that anymore. But that's the exact car and it was in bad memories.
- [135:47]
Patrick Bet-David
Would you buy it or would you sell it?
- [135:48]
Anthony Scaramucci
Okay, so this is a big lesson for everybody listening. We bought it for $135,000, held it for 10 years. We sold it for 370,000. It's probably worth $4 million.
- [136:01]
Patrick Bet-David
Oh, no, honestly, that's what I was gonna say. 370 is a steal.
- [136:05]
Anthony Scaramucci
Yeah, I was weird. We probably sold it in 2009 or 10. Okay. After the financial crisis. But, you know, I owned it from 1999. You know, listen, I mean, but here's a big lesson. If you own something like that, hold onto it. I think the very big lesson, 40 years of being an investor, my mistakes have been selling too early. That's my lesson to people. Own quality, stick with quality, think like Michael Saylor and Warren Buffett.
- [136:35]
Patrick Bet-David
By the way, the best part of this podcast was probably last 30 minutes talking about money and investment. Anthony, great having you on. Are you full time New York or are you.
- [136:45]
Anthony Scaramucci
I'm full time newly. I love Florida, but I, I'm raising. I've got an 11 and 8 year old at home, so they're going to public school. Respect in the town that I'm in.
- [136:52]
Patrick Bet-David
Good for you.
- [136:53]
Anthony Scaramucci
But I'll hopefully get down here more.
- [136:55]
Patrick Bet-David
Congrats on the success gang. Tomorrow is Scott Galloway. We talked about men, marriage, fatherhood. Rob, is this the awesome guy? Go forward.
- [137:05]
Brandon Asseto
You spend enough time telling young men
- [137:07]
Anthony Scaramucci
that they are the problem and that
- [137:09]
Brandon Asseto
they're predators, they begin to believe you.
- [137:11]
Patrick Bet-David
How much of a young men struggling today is them versus the system.
- [137:15]
Anthony Scaramucci
And the most frightening statistic is that if you go into a morgue and there's five people who have died by
- [137:22]
Patrick Bet-David
suicide, four are men I don't think we have enough voices of men that are good examples and challenging boys to become men.
- [137:31]
Anthony Scaramucci
If you reverse engineer to the single point of failure, when a boy comes off the tracks, it's to one point, and that's when he loses a male role model. The far left hasn't been any more productive because their advice is to say, okay, you don't have problems, you are the problem.
- [137:49]
Brandon Asseto
And my advice to you as a young man is to act more like a woman.
- [137:56]
Patrick Bet-David
Tomorrow, 9am Scott Galloway cannot wait for that to come out. Having said that, he's. He's phenomenal. We had a great conversation again. You got any questions, comments, thoughts, finance, anything? Go to Manec. That's his QR code. Senator Manect, welcome him to the platform as well. With that being said, take care, everybody. I think we'll do this again. Home team, Friday morning. Take care. Bye, bye. Bye, bye. The wrongs we must right. The fights we must win. The future we must secure together for our nation. This is what's in front of us. This determines what's next for all of us. We are Marines. We were made for this.
- [138:43]
Anthony Scaramucci
It's tax season, and at Lifelock, we know you're tired of numbers, but here's a big one you need to hear.
- [138:49]
Patrick Bet-David
Billions.
- [138:50]
Anthony Scaramucci
That's the amount of money and refunds
- [138:52]
Patrick Bet-David
the IRS has flagged for possible identity fraud.
- [138:55]
Anthony Scaramucci
Now here's another big number.
- [138:57]
Patrick Bet-David
100 million.
- [138:58]
Anthony Scaramucci
That's how many data points LifeLock monitors every second.
- [139:01]
Patrick Bet-David
If your identity is stolen, we'll fix it.
- [139:03]
Anthony Scaramucci
Guaranteed.
- [139:04]
Patrick Bet-David
One last big number.
- [139:05]
Anthony Scaramucci
Save up to 40% your first year.
- [139:08]
Patrick Bet-David
Visit lifelock.com podcast for the threats you can't control. Terms apply.