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Patrick Bet-David
30 seconds. Did you ever think you were making I feel I'm supposed like a tasty victory I know this life meant for me why would you bet on Goliath when we got bet David Valuetainment giving values contagious this world of entrepreneurs we gain no value to haters how they run homie look what I become I'm the one okay, so we have episode 509 today with a special guest, Will Kane in the house. We're finally doing this.
Will Cain
What is up?
Tom
Up.
Will Cain
I'm so happy to be here.
Patrick Bet-David
Yes. Great having you here. We almost did this last time, but some got in the way. It wasn't you, it was me. But I'm glad we're able to make your work. Guys. We got a lot of stories to cover, a lot going on. We haven't responded, I think, for a week. Rob, if I'm not mistaken, we haven't done a podcast to react to everything that's happened and a lot has happened in the last week. Your friend Pete Hexit. Yeah. Got a job.
Will Cain
He did.
Patrick Bet-David
I don't know if you heard about it or not. He got this job and it's a big deal and a lot of people are giving him a hard time for the tattoos he chose to get. I want to get your thoughts on it. We got to get some commentary. We got a few people that are not happy about him getting a job. We have a few people that are very happy he got the job. But we'll talk about it. We got the right guy to talk about it. Kennedy, Bobby Kennedy. He's pissing a lot of people off. You know, they're getting upset at him. What's going to. It's so bad that vaccine stocks took a hit, which is deeply concerning those who own the stock. You got processed food stocks drop and it's to the point that even Florida City votes to remove fluoride from drinking water. And Scott Jennings, which, by the way, is kind of becoming a star. I'm really liking Scott Jennings. What he's saying. Tom said it best. He says Scott was a guy they hired as a token conservative on cnn. They didn't realize how much of a fighter he was. And he's proven maybe we made a mistake hiring Scott. Right. He pushes hard. A little bit too much. He said, let's get to the real issue here. Scott Jennings shuts down panelists attacks on Bobby. Alec Baldwin mocks raspy voice RF Kennedy Jr. On an SNL open which we'll talk about that. We'll talk about Trump's Cabinet. Jamie Dimon was interviewed and asked about whether he got the job or not. And he said, I haven't had a boss for 25 years and he's not starting today, meaning he was not interested in the job. Now listen, that doesn't mean everybody believes Jamie said that, but we will talk about it and address that issue. Morning Joe co host hold a face to face meeting with Trump for the first time in seven years, folks. Either they're trying to be noble or numbers came out. I don't know if you saw the MSMC numbers or not. They're not looking good. I mean there's some small time podcasters that are in the top 500 that are beating those guys. Pretty embarrassing when you think about so what's happening?
Will Cain
Let's go with Noble.
Patrick Bet-David
Yeah, let's go with Noble. Let's go with Noble. Yeah, that's probably what it is. For some of you guys that are single. Some bad news came out. I want to be able to tell you this right now and you're going to have to deal with it for the next four years. There's this movement going on called the 4B movement that could change America. According to Politico. No sex, no dating, no babies, no marriage. And it's the 4B movement because some of you voted for Trump. So just like listen, four years is not a long time. Hang in there. But we'll see what happened with that.
Vinny
Trump's already producing abortion.
Patrick Bet-David
IBM CEO on Trump Less regulation, more in innovation is a win for business. Drill baby drill mining magnet Cozy and up to Trump. Rogan takes shots at Obama and Rogan was actually pretty complimentary about Obama when I was on with him, but he took some shots at him and it was a nice. But maybe he's got a good point of what happened last in 2024. We'll talk about that. We'll play the clip. We got a top pollster and Selzer to retire after the bombshell Iowa poll ended in a historic mission. She's stepping away from the game. It's probably a good decision she's making. Sunny hosting asks Eric Adams point blank if he embraced Trump in hopes of getting a pardon. We'll let you watch the clip and make a decision for yourself. Scott Jennings back at again with another clip. By the way, for those guys that live living in Chicago, Illinois that you were worried about what Trump's going to be doing. Don't worry about it. Governor Pritzker has promised that he will boost sex changes after decisive Trump victory by the Way Pritzker. This is why you lost seven states, because of dumb statements like that. You think is going to flip and people are going to say, my God, I really want this guy to be president. What a little. Say something like that, Zelensky. While this is happening, there's a war going on, folks. Zelensky says the Ukraine, Russia war ends faster with Trump. However, New York Times reported that Biden is agreeing to allow them to use the long missiles and apparently they just did. And there's a reaction. We got to talk. This just happened overnight, I believe Rob, if I'm not mistaken. And we'll start. We'll talk about that as well. And a couple other business stories that will get into Ben Affleck. There was a clip that came out by Ben Affleck. I don't know if you saw that or not. I got to play it to you guys. Have you seen it or no? I thought it was sick.
Will Cain
I read it. I haven't seen it in.
Patrick Bet-David
You got us. It's better than reading it. I'll play it for you. It's phenomenal to react to mortgages and buying houses. Who's funding new home purchases? Mom and dad, Axios says, and young adults are holding off on moving out of their parents house. We'll talk about that. And another devastating news. Don Lemon leaves X.
Tom
Wait, what?
Patrick Bet-David
Yeah, he did. He left X and he wrote a letter about it.
Will Cain
Big sacrifice.
Patrick Bet-David
He was. He was. We'll talk about it. Yeah, we'll talk about it. But guys, before we get into it, keeps leaving before we get into it. I can tell you one thing that we're doing in 2020. I'll never forget. We're doing our podcast. We had 47,000 viewers, concurrent viewers. We had 6,700. We're at the office, we leave, I go home. The next day, news comes out. Biden's probably going to be the president. Of course, it takes a few weeks. Everybody around me is panicking. What's going to happen? Covid Biden? What are we going to do? We step back, we put a plan together. And the last four years have been the most ridiculous four years of our lives because we sequenced everything out. Fifteen moves, business, personal life, finances, all of it. Now that Trump's president, that same strategy that worked in 2020 should be different than the one we have in 2024. Tonight at 6:00, I'm hosting a webinar called the no Matter what Webinar. Tom and I will be sharing with you guys what we're planning on doing the next four years and some of the strategies that you ought to consider doing as well for yourself the next four years. Especially when we're coming down to business planning season. Right now, it's November 19th, January 1st is going to be here like in the next six weeks. And those of you guys that got big plans in 2025, planning starts now. Go to vtwebinar.com vtwebinar.com Put it in your calendar. It's only 5,000 people that can be on. We don't have more than 5,000 people. We'll start at 6:00. I'll give a PowerPoint presentation to you guys and then we'll go from there. Having said that, Will, let's get right into what's up.
Will Cain
Let's do it.
Patrick Bet-David
Let's do it. Play the clip, Rob, with Pete Hexit. If we can get into one of the clips. This is a peer reviewers. This is a guy you work with. This is your buddy. He all of a sudden is being announced as getting this big job. Did you at all have any clue that he's getting this job? Did you have an idea?
Will Cain
Yes, I had. I mean, I'm going to be straight with you. Yes, I knew that he was a possibility to be a part of.
Patrick Bet-David
How long did you know that? Well, look, was it a week, a month, two months?
Will Cain
I think months was the idea. But I only knew that Trump thought very, very highly of Pete Hegsett.
Patrick Bet-David
Got it.
Will Cain
And there was a possibility that after the election they should be talking.
Patrick Bet-David
So then what that tells me is that. But was it for a job or was it like, I like you, let's stay close, let's talk, you know what I'm saying? Because those are two different things.
Will Cain
Trump, look, In June of 2024, Fox and Friends weekend sat down with Donald Trump and had an hour and a half long interview.
Patrick Bet-David
Okay?
Will Cain
And let's just take a moment to appreciate that. I know that you guys have done that at pbd. He sat down for what was scheduled to be a 60 minute interview and asked his people, as we went along, as he's done on several shows, let's give him a little more time. Let's give him a little more time. And when it was over, he's like, I just let it run. I let it go. Don't edit it. It'll rate. People will love it. And we did on the Will Cain Show. Obviously, for tv, you have to edit it. You have to put it out in incremental chunks that people can consume. We ran it on the Will Cain show, but when it was over or actually during the show, while we're on air, he says, you know, you, Pete Hegseth, would be great for Secretary of Defense. You'd be amazing. Says it on air right there, I'd love to have you. And then he says, I'd love to have all three of you. I'd take you all three if I could. Which by the way, as of last night, he took my other co host's husband, Rachel Campos Duffy, Sean Duffy, to be the Secretary of Transportation.
Tom
Amazing.
Will Cain
So what an upgrade from Mayor Pete to Sean Duffy. Great guy. So, yeah, I mean, I think Trump was pretty open about his interest in Pete Hegseth.
Patrick Bet-David
Got it. So it's been public. It's not something that even if it was kidding, kidding about it, the audience may for the first time be like, wow, he's really interested in him. Yeah. And now it's real. The job is real. Now here's how the media reacts to it. I want to get your thoughts on a play a couple of these clips. Rob, the secretary of Defense nominee, Peter.
Will Cain
Hagseth, the Fox News commentator as well.
Patrick Bet-David
Because this is someone who, weekend host, important distinction. This is someone who you know is known to be a white supremacist, known to be an extremist whose platform, whose book is basically about his opposition to the advancement of black officers to the top brass. What's the other clip you got, Rob? Because this was fantastic. Do you have a better one? Let's look at this one here. Also under fire for some of his tattoos depicting religious symbols and phrases that fellow service members flagged to his superiors over concerns they're associated with white supremacists. Hegseth saying those concerns amount to anti Christian bigotry. Posting, they can target me. I don't give a damn. But this type of targeting of Christians, conservatives, patriots and everyday Americans will stop on day one at Donald Trump's Department of Defense. Hegseth's post notably not disavowing the supremacists who have adopted the symbolism, though he has in the past. Now, here's a question. When you guys are done with your shows.
Will Cain
Yeah.
Patrick Bet-David
And you're in the locker room changing, you're showering, you know, shirts off. And you see the tattoos. What do you think about his tattoo?
Will Cain
So can I, let me say this first of all. Okay, Pat, you have done this. Tom, Vinnie, people in TV often say, this is my friend, this is my friend. And the truth is it means little more than I'm friendly with that person. Okay? So I'm going to be upfront with your audience. I'm upfront with my audience. I have this belief that do not feign objectivity where it doesn't exist. You have to start your relationship with an audience with the truth. And the truth is we have biases. Here's the truth. I'm not objective on Pete Hegseth, okay? I have a bias. He is a real friend of mine, not a TV friend. I have said when I'm done here on this planet, I want him to be one of the guys that carry my casket. Now, because I'm not objective, though, or that I have a bias, doesn't mean I'm wrong because of this. I know the truth about Pete Hegseth. And this is an incredible, incredible man with the right values. A flawed man who's made mistakes in his life, but a good man who wants to live up to his values and has principles and dearly loves the United States of America. This tattoo issue is nothing short of defamatory. And I'm waiting for the army of lawyers to start attacking the mainstream media. For what? Look, I'm an attorney. I went to law school. For a public figure, the standard is malice or reckless disregard for the truth. That is malice. That is malice. Look, the picture you're showing right now, okay, that picture is when Pete is swimming across the Hudson river, three miles with 100 Navy SEALs. I've done it twice with him on national television on Fox and Friends. We air this swim. If that is some type of white nationalist symbol, why would he be blaring it across the news channel to a national audience, millions of people watching? That's the Jerusalem cross. That is a cross that's been used since the crusade, since 1096. It's still used in Bibles. And I think he's right. For them to attack that right there as white supremacist is nothing short of defamatory. Not just towards Pete, towards historical literacy, exposing yourself as an idiot, and towards Christians.
Patrick Bet-David
You would assume these guys that claim they went to the best schools would know what the meaning of that is, and then they come out and criticize it. I mean, look, we had. We had them on, and we had a great time with him. You know, you remember when he was on, it was a great conversation, very entertaining, fun, straight up. But also military guy. You want a guy to be tough experience. A lot of times these folks don't realize that. What's his resume, by the way? He's got two bronze medals, two Bronze stars, two bronze stars.
Will Cain
He's got Combat infantry badge.
Patrick Bet-David
If you.
Will Cain
Three deployments.
Patrick Bet-David
Three deployments.
Tom
He's, he's an all around student.
Patrick Bet-David
So it's not like we're talking about somebody that has. And now, by the way, I mean, to be fair with everybody, you get the job. Now you got to go prove yourself. Yeah, right. You got the job. Now what are we going to do now? How's the market going to react to it? Forget about how the market reacts. Anybody that gets a job for the first time, all this, you know, everybody's going to start taking shots at you and then after the dust settles, takes about a week or two. Now it's about getting to work and seeing what you're going to be doing. Tom, your thoughts?
Vinny
First of all, I agree because Cane don't feign, you know, he's being very authentic here about, about his feelings about his friend and everything and bringing, you know, I think straight up testimony here. What I look at as I look at the media, I mean, way, way, way back when I grew up and I was getting, I got my MBA and I almost got JD mba, but I didn't want to go a clerk for a judge. I stepped off. But I remember watching a movie called Absence of Malice and it's talking about the exact standard you're talking about, that if there's no malice in what you report, report publicly, then there's no foul. But this is malice and the media is attempting to do it. And this election is all about throw falsehoods and see if they stick. Project 2025. Trump is not part of that. Other people are. And they kept trying to throw that. And what they're trying to throw here is that, oh, that's a bad symbol. That's a bad symbol to see if people will think only an inch deep and take it to heart and say, wow, this guy's got us tattoo. That's a bad symbol. But what you said is absolutely correct. It's your Jerusalem cross. And what the media is doing is they are trying to defame that which they fear and they're trying to find points of undermining in during this lame duck period for Biden and during the ramp period, all they don't have news anymore. They lost the election. They lost. They've got nothing to talk about. So they're making things to talk about. And this is the invention of negativity that's been part of their arsenal of attack through the election cycle. And now they're extending it to a decorated veteran that Is not Secretary of Defense nominated.
Patrick Bet-David
I'm not surprised, though.
Vinny
No, it doesn't surprise me. And I'm just. I'm calling it back out.
Tom
You know what shocks me, though? That the left, all this mainstream media, they haven't learned their lesson. They've been to the super bowl election twice and they've lost. They're using the same plays racist this. And by the way, let's. Whose job is he taking? Lloyd Austin, who not only had, you know, he had prostate surgery for cancer, he didn't report it. He didn't do nothing, which is a complete violation. That's a horrible chain of command messed up. And by the way, under Lloyd Austin, the military's faced 25% recruitment shortfall, record low dangerous distractions like DEI. And I think Hexeth is. I think. I don't think he said it, but somebody mentioned that he's going to come in at the Pentagon and remind the Pentagon that it's about killing America's enemies, not freaking DEI and all this nonsense that's happening.
Will Cain
I'm going to say it reminds me, but it's an actual playbook.
Patrick Bet-David
This is the.
Will Cain
So if we're being fair, they're pointing to two tattoos. This is one of them. The other is Deus Fox. It's God wills it, which Pete has on his. On his bicep, which is Latin. And another phrase that's been around forever. Pat, you and I have talked. You remember me from espn. I'm going to tell you a situation that happened when I was at ESPN that this reminds me of. It's the okay symbol. Do you remember the okay symbol controversy? So kids play the circle game, which looks like the okay symbol, right? It's been around forever. And they attacked several different groups for this. But one of them was a graduate class at West Point who. They get a picture taken and, you know, kids play the circle game. If I. If I can get you to look at the circle, then I can punch you or whatever. A guy did it at the Cubs game behind Harold Reynolds, if you'll remember. And Theo Epstein, then GM of the Cubs, said he ran cold, his spine went with chills. That the Cubs, that Wrigley Field was filled with white supremacists. They turned something benign to 99% of America, right, the okay symbol, into a sign of white supremacy because they found some Internet rabbit hole craze theory where someone had done it and associated it with white power. What they're doing is taking longtime symbols, in this case Christian symbols, and turning them into white supremacists and that is not only. I do think, Tom, actual malice and defamatory, but it's dishonest. It's knowing what they're doing. And it's just crap reporting. Horrific reporting.
Patrick Bet-David
Yeah, I mean, it's. Look, it's not working. What is important to look at this picture here. The peak on his biceps looks pretty good. So listen, Pete, if you're watching this, very impressive.
Tom
Very impressive.
Patrick Bet-David
Good for you.
Tom
He's definitely turning the wrist with the Kearney curls at the end, but not those baseball biceps.
Patrick Bet-David
Look, I mean, the model. The model is no longer working. You know, Peter Thiel was on Barry Wise, a great podcast they did. He said the last time identity politics worked was an await. It hasn't worked since 8 saying Obama. And here's why he said it worked in 08. He made such an interesting point. He said the reason why identity politics worked in 08 was because Obama could go up there and saying, I'm the black person you've been waiting to vote for. And then he can go and says, I don't care if you're white, black, Hispanic, straight, gay. Well, you know, and he would go to. And the reason why he could get away with it in 08 was because social media wasn't yet at a point where things would go and you'd be held accountable. Like what, what Kamala did in 2024, going up there and speaking different language, you know, with their accents, and then going up there and talking to Muslims and saying this, and then going to Jews and saying that Obama got away with that in a. Wait, she could get away with that in 2024. These strategies don't. Haven't worked. They have to completely change it up. And one of the questions that was asked is, you know, Barry asked the question saying both Oprah Winfrey and Elon Musk said made the same comment. If 2024, this is the. This could be the last election. If Trump wins, this could be the last election we have in America. Oprah said that Musk said, if Kamala wins, this could be the last election we have. And she said, what do you think about that comment? Because as a person, you can't like a comment like that. It's too threatening. He says, you know, the first time Musk said it, I was like, look, I don't know if I'm with you or not. He said, the more and more it went through it, the more I realized Musk was kind of right. Because if Trump would have lost this election, 2024, they would have said 2016 was a fluke and Trump got lucky. But because Trump won 2024, now they get to say 2020 was a fluke and Biden got lucky.
Tom
Yeah.
Patrick Bet-David
It was such a profound moment. Meaning now what took place. Guess who lost all credibility in the room behind closed doors, when everybody's waiting to see what he and she have to say, guess who they are. Barack Obama and Hillary and Michelle. You used to sit in a room and you'd say something. Schumer, you'd say something. Pelosi, you'd say something. Hillary, you'd say something. Bill, you'd say something. Everybody's like, brock, what do you. What do you guys think? Yeah, the last one you go to, right? And I was like, hey, you guys, just go live at your Martha's Vineyard type of stuff. Your strategy didn't work. Massive failure. By the way, Rob, can you play the clip of Rogan on Obama? Because you got to realize I'm. I'm talking to Rogan. And Joe says, look, let's face it, Obama was one of. One of our best presidents we've had. When him and I are. I don't want to. I'm paraphrasing to now switching from that I was just two years ago, three years ago, maybe even a year ago, to now. This message here. Go ahead, Rob.
Tom
We did trust the government, but this is. Which is such a weird thing to say. You know, I used to think it was the Obama administration, but boy, Obama, during this, Kamala Harris, administrator, she. It changed my opinion of that guy.
Vinny
Really?
Will Cain
Did you have a high opinion of him?
Tom
I did, yeah. I did. Just as an intelligent person, a statesman. I felt like he's probably, like, caught up in the system. It's very difficult to make real meaningful change. You think you're gonna do something, and then you get into office and you're like, oh, God, what a fucking quagmire this place is. But watching him just straight up lie about Trump, the thing that got me was that very fine people thing with the white supremacist thing. They just kept trying to say that he was a racist, which is this thing that I think worked in, like, 2017. Yeah, I think it worked back then. I don't think it works anymore. I don't think people believe it anymore. I think that we've gotten numb to all this stuff.
Will Cain
It's the sky is falling thing. Yeah.
Tom
Like, yeah, cry wolf or whatever.
Will Cain
It's like, you guys can only call. You only call me a fascist so many times. I mean, like, the New York Times. That moment, the Very Fine People moment, I think might actually be one of the most. The biggest conversion moments for Americans in the past 10 years. It was for me. So I was in. I was at ESPN. That moment was like in 16, 17. What was that? And when you are in sports, like I was, and I've always been a political. I was in politics before I went to sports, so I've always watched it, been involved in it. Rogan's talked about this, though. You have to dig deep in order to get to the truth. It's not easy anymore. So if you're someone who's out there and you let the news wash over you and you accept headlines or what was previously acceptable media, you would have thought a certain thing about Trump. And so Very Fine People comes along, and it's like, echoed from every mountaintop. And you're like, wow, how could Trump, you know, equivocate on this whole thing? And then it took just a little bit of digging, just a little bit, because all you had to do is extend the clip 45 seconds. And then you're like, whoa, that is not at all, like, not. In fact, it's the polar opposite. It's 180 degrees different than what Trump was saying. And then that just started it. And you start going, whoa, if that's fake, what else is fake? And then, of course, after that, we have bloodbath and dictator for a day, and on and on and on and on. But once you had that crack in the wall with Very Fine People, then you started realizing the malevolence of the information that you're getting. And so then for Rogan to see Barack Obama. Well, after this has been debunked, because he's talking about in the past two or three months, Obama repeated the Very Fine People hoax.
Patrick Bet-David
Yeah.
Tom
Less than a month with the last one.
Will Cain
Yeah. So to see him repeat a lie, that is a proven lie, a hoax, it's been debunked. Yeah. How do you go back in the same way and trust whoever Obama was?
Vinny
Tom, I think Obama damaged his brand. I mean, really damaged his brand this election. Yes. He was called in like a fire extinguisher. The same way that Bill, remember Bill Clinton, was held out of the Hillary election cycle after the. After the convention. Show me where Bill was actually on active duty. He wasn't. He was in the reserves. He was in reserves. And then they called Bill in. Hey, you know what? This may be closer than we want there. And remember, as we got within three weeks of the election, people are saying, man, the enthusiasm coefficient on Trump rallies versus the Hillary rallies. It started to worry Democrat strategists, but they were like, yeah, don't worry about it. We're just going to win this thing. Because Wisconsin, Michigan, Pennsylvania, those are ours. They're always ours. And they this time, they've similarly like a fire extinguisher. So they called Obama to come on in, and he didn't have the same impact. It was like he wasn't the same. Didn't have the same, you know, perceptible gravitas that he did. Remember when he would pull all those people at the Berlin Wall in 2009 and everybody like this, and they thought, wow, what a great moment for America, this man of color with all this. But now he wasn't pulling and he wasn't coming across convincing. And he was applying that linguistic style that he does that he used to have such effectiveness with. It wasn't sticking and it wasn't impressive. Even me, I was being objective, leaning back, saying, this guy's a shell of what he was. This is not real. It's like when you pay now a ton of money to go see the Eagles on their.
Patrick Bet-David
Thought, you were about to say when you pay a ton of money to. Oh, no, no, no, no, Soto, you're.
Vinny
Going to see what I mean. When you pay a lot of money to see the 10th annual. This is the last tour for the Eagles. Right?
Will Cain
Those Eagles.
Tom
Yeah.
Will Cain
Talking Philly.
Vinny
And what happens is. Yeah, yeah, those. Sorry. And what happens is it just gets a little less climactic, a little less impressive, a little less impressive as they go along because they're getting older and they're not the band that you see. And I feel like that. That Obama lost his buzz.
Patrick Bet-David
So in Dallas, there's a church and it's in. You're going to know this church. It's. I don't. It's in Plano. Used to be a massive church. They used to have a certain right, a patent towards something called PowerPoint that Bill Gates had to come and get from them. If you know where I'm going with this. And so I go to this church and I'm watching this church. This place is so big. It's a zip code. You know which one it is? You should know which one it is. Yeah.
Vinny
Six Flags Over Jesus.
Patrick Bet-David
So it's. You know which one I'm talking about, right?
Tom
You have to show me after, because I want to see it.
Patrick Bet-David
It's a zip code. The church is a zip code. That's how Big. It is.
Vinny
You can see it from space.
Patrick Bet-David
Massive on. Anyways, so when I go to this place, everyone, oh, my God, you got to go to this place. And it's this, it's that, it's this. I'm like, okay, let me go to it. So I go to this church and then we start going on Sundays. And then all of a sudden, when I'm going to this place, you know, it's empty. Everybody used to tell me, this place used to be jam packed. The place is empty. So we'd go again, and we go again. And I said, listen, let's go there Easter. And we went on Easter. We sat all the way at the back because I'm not a member yet. I'm trying to find a church we're going to. Water.
Will Cain
I didn't know you lived in Dallas.
Patrick Bet-David
I lived in Plano for five years off of Preston. I lived right by Willow Bend area.
Will Cain
Yeah.
Patrick Bet-David
So then all of a sudden I'm like, dude, this Easter service is the worst worst service I've ever been to.
Tom
Was it packed?
Patrick Bet-David
It was packed. Okay. But it was the worst service. Why was it the worst service? Let me tell you why. Who typically shows up to Easter service? Is it the regulars or the once a year guys?
Tom
No, the once a year.
Patrick Bet-David
Okay. And what's your job as a senior pastor? To try to do what? To convert.
Vinny
Right.
Patrick Bet-David
Them into coming once a week.
Tom
Yes.
Patrick Bet-David
Right. That's part of your job. This is your opportunity all year. And I sat there and it was just scolding that Christians don't give enough money to church anymore. That's not the message you give that day. That's maybe two months later. That's maybe a month later. That's maybe no, you know, October certain months, that's not that day. And I said, man, no wonder this place is not doing well because you can't talk to the crowd in a scolding manner. And Obama started doing that. And in 2004, one of the greatest speeches ever given, he lost his sizzle and unfortunately he lost his following real quick.
Vinny
When he got called out, it was like he was just talking to a few African American guys and he tried to go into mode, and the guy sitting down just called them out and wouldn't even get up out of the chair.
Will Cain
Back to this moment in time you're talking about. Which one is the aberration? 16 or 20. And not to become the director of the Patrick Bet David show, but Rob, I don't know if you can pull up my Instagram something Has changed. If you want to talk about what the aberration was, you don't need an election result to show it. Something has changed in the last two weeks and I, I don't know if you guys have felt it. Obviously there was a pent up. Go to that picture of the MAGA gear. Okay. There was a pent up support of Donald Trump that was scared, hidden and secret. This picture I'm showing you here from my.
Vinny
You're talking about 16.
Will Cain
No, now, now that is LaGuardia Airport. I fly into LaGuardia every week now. Lauria's nice. Now I know the last time you guys have been. It's nice.
Tom
Yeah.
Will Cain
When you go to security, there's a mall that you walk through, right? They've got the perfume, they've got the Yankees gear. I walk around the Cor Pat, there's a huge kiosk table of MAGA gear. And I'm not talking about like, oh, just the inauguration gear. T shirts to say I voted for the felon.
Patrick Bet-David
That's sick.
Will Cain
Okay, this is, what this is showing me is this massive pent up acceptability of something that was painted as right wing and then, yeah, the Kamala Harris 5.
Tom
I would have gone 90.
Will Cain
That stuff's gonna be in Africa next to the Buffalo Bills Super Bowl Championship. They gotta give that stuff away for free to where the super bowl loser gear goes.
Patrick Bet-David
It's not working. I mean, look, it's not working. Let's go to the individuals that got the appointment so far and get your thoughts on them. Maybe which one you're most excited about outside. Obviously we've already talked about Pete. So Secret Secretary of State Marco Rubio. Okay. Defense Secretary Pete Hexit, Attorney General AG Matt Gaetz, Interior Secretary Doug Burgum. Human and Health and Human Services, RFK Jr. Veterans Affairs Doug Collins.
Tom
Amazing.
Patrick Bet-David
Homeland Security Kristi Noem. Energy Secretary Chris Wright. Commerce Secretary. Contenders. There's a bunch of them right now. Linda McMahon, Brooke Rollins. A bunch of names. Then you got Department of Government Efficiency, right. Doge, Elon Musk and Vivek. What a, what a, what a tool. CIA Director John Radcliffe. Director of National Intelligence Tulsi Gabbard. National Security Advisor Mike Waltz. UN Ambassador Lee Stefanik. Special Envoy to the Middle East, Steve Witkoff. EPA Hat, Lee Zeldin. Solicitor General Dean John Soar.
Will Cain
I was hoping I was going to get the call on that one.
Vinny
By the way, that's a big position nobody knows about how I want to.
Patrick Bet-David
I want to hear about it. FCC Chair Brandon Carr. I think that was just yesterday. Chief of Staff Susie Wilds. Deputy Chief of Staff Stephen Miller. White house counsel William McGinley. McKinley press secretary Caroline Leavitt.
Tom
Oh, I can't wait.
Will Cain
She's a stud.
Tom
Yeah.
Patrick Bet-David
Communications Director Steven Chung, who was here, by the way, that day when he came through, Assistant to the President Sergio Gore. Your thoughts. And who excites you the most out of all these names?
Will Cain
Well, who excites me the most is actually the big names. It is. It is. Our is, for example, rfk. Because here's my belief. I don't think that we're on the edge of some cliff where the United States government collapses. I think this thing has become such a behemoth, it's uncontrollable. The incremental change on the margins doesn't get it done. Simple competency doesn't get it done. That's a Mitt Romney esque vision of America. A Bain consultant. Let's just make sure we get some competence back in charge. And by the way, that would be great because obviously we don't have that today. But I want people who are disruptors. That's what I want. I want real disruptors that can effectuate real change and even that we have to be a little bit skeptical. Can even an RFK make real change? Because as you pointed out early in the show, Pat, the lobby is going to be massive. The pharmaceutical lobby, the food industry lobby, they're going to fight tooth and nail against anything that you know is to be done by rfk. Same thing for Pete at the Pentagon. You know, you're talking about $850 billion budget now, by the way, Pete can do three important things. Get DEI woke out of the military, turn it back into a meritocratic institution. Refocus. As you pointed out, Vinny, the purpose of the United States military, which is to absolutely destroy our enemy. It's not a social experiment. It's not the world's police force. It is laser focused on the mission, which is destroy our enemy. And then I hope you know, the Pentagon has missed. I know there's something we could talk about today, but seven straight audits, Pat, seven in a row. Audits meaning they can't even quantify how much money they are spending. I don't know where it is now. That's the biggest job of all.
Vinny
And they laughed about it yesterday on a clip, whose day did you see? The woman from the Pentagon that actually was.
Tom
Yeah, she thinks It's a joke. $90 billion.
Vinny
She laughed about it.
Tom
Yeah, almost. Almost a trillion dollars.
Vinny
Was it John Stewart was it when Jon Stewart asked her about it.
Will Cain
That's, that's, I mean, insulting, obviously.
Rob
Her.
Vinny
Yes.
Tom
Oh yeah, she giggled. She giggled about. She's like, I don't know. That's not my 30 minutes.
Patrick Bet-David
Let's see.
Will Cain
Audits and waste, fraud, abuse are not the same thing. So let's decompose these.
Patrick Bet-David
Please educate me on.
Will Cain
Sure. So an audit is exactly what you just described, which is do I know what was delivered to which place?
Patrick Bet-David
Right.
Will Cain
The ability to pass an audit or in the fact that the DoD has not passed on is not suggestive of waste, fraud, abuse.
Tom
Really?
Vinny
That is completely false right there.
Will Cain
So, so what is now is a question of. It's suggestive that we can't, we don't have an accurate inventory that we can pull up of what we have.
Vinny
Where.
Tom
What the, what do we.
Will Cain
That is not the, like in the hands of the Taliban. That.
Vinny
Because waste. In my world.
Patrick Bet-David
Yeah, that's waste.
Tom
Yeah.
Will Cain
How is that waste? If I give you $1 billion and.
Patrick Bet-David
You can't tell me what, what happened to it, that to me is wasteful. That that means you are not responsible. But if you can't tell me where it went, then what am I supposed to think? And when there has been reporting. I mean, this is not, Look, I'm not, I'm not saying this is on you and that you caused this, but I think it's, it's a tough argument. I'm pretty sure. $850 billion budget, funny to an organization.
Vinny
This is American taxpayer dollars. This is, this is deficit. This is future debt for our grandchildren. This is all this. And this is like a chuckle.
Will Cain
That's, that's actually, I've seen that clip. That's been around for a couple years. But that just goes to show the point how long we've been missing the audience on the dod.
Tom
You just nailed it. It's, it's seven years.
Vinny
I thought she was Deputy Defense Secretary Hicks.
Will Cain
That was a Kamala esque laugh. Meaning it wasn't about humor, Pat. Like, she wasn't laughing because she thinks it's funny. That's a defensive and embarrassed laugh.
Patrick Bet-David
I totally get it. That's a deflection laugh. I mean, to me it, it's your job figure to figure the whole thing out. Like, I mean, why are we spending all this money? But by the way. So in other words, I have a monthly board meeting with my investors who gave me 10 million bucks and they say, hey, Pat, what happened at the $10 million? You guys failed another audit. It doesn't mean we failed the audit. It means we just can't figure out exactly where the money went.
Tom
Yeah, the spreadsheet.
Patrick Bet-David
I gave you the money. I need to know where it went. I get it, but we didn't fail an audit. Those are two different.
Will Cain
We didn't waste it, but where is it? Yeah, I can't say.
Tom
We can't say.
Patrick Bet-David
By the way, this is why when you put a bunch of free market guys in, they don't speak her language.
Will Cain
Right.
Patrick Bet-David
Her language is no accountability. The language of capitalism is 100% accountability. You ran out of money. Guess what? Go raise money, go raise debt. Put some of your own money, or file bankruptcy and shut down the business. What do you want to do? Those are your options here? It's like, no, it's not a big deal. Why are you saying something like that seven times in a row? Who's your favorite appointment time out of all the, all these folks that we just talked about, really?
Vinny
My favorite, I have to say, is RFK Jr. Because of the ability to make a few small moves that will be very disruptive. You know, my, my wife's a teacher. We have strong feelings about the studies that have been out there about the amount of food additives and the things that are in processed food and the impact on attention deficit and things for kids. And I believe he's already making an impact. I love RFK right where he is because he can do just a couple things that I think are going to change. This week we read about the box of Froot Loops. Froot Loops in Canada. So say what we will about Canada and there's a lot we can say about that, that maniac and everything up there. But if you look at the Fruit Loops in Canada and the Fruit Loops in the United States, the where the, where the color is on the product comes from chemicals, United States. It has to be natural sources in Canada and they're not as brightly colored. Why is that? Because somebody in Canada said, you know what, these red dye chemicals, I don't think they should be in what's basically a children's food. And so I think there's going to be a lot of steps. But I'm, I'm excited about rfk. I believe he's a true believer. I believe he's a researcher. I believe he's in performed. And I don't think he's just, he's more measured like an attorney than bombastic running to the microphone. And so I love that pick for its disruptive ability. I also really like tulsi Gabbard, right where she is.
Tom
Yeah. And just. And again, piggyback is. I have two. Tom. One of them being rfk and what people are understanding. It's like, where's the state of the country's health right now? Where are we? We're the most obese we've ever been. Mental health is out of freaking control. The guy that's in, right? And they're talking about. He doesn't have experience. Who's the guy that's in right now? Xavier Becerro. He's a lawyer with zero healthcare background at all. And that's why we're in the state that we're in. And who's his assistant? Rachel Levine, a biological male who pretends to be a woman who actually was pressured medical organizations to eliminate age restrictions for transgender surgeries. That's who's in charge of our health, and that's number one. So I can't wait for him to come in. And he has freaking blood in the game. The guy's father and uncle were killed. You know what I mean? Because they're trying to represent our country. And then the other one is Merrick Garland leaving. Matt Gaetz coming in. Merrick Garland, one of the worst. Him and Biden weaponized the DOJ to go after parents at school board meetings labeling them terrorists. Okay. And Catholics who are pro life. All right, that's my favorite one, Pat, is RFK and Merrick Garland going bye bye. And Matt Gates coming in.
Will Cain
We have to give respect also to Elon Musk and Vivek Ramaswamy, but it's not an. It's not an official department yet.
Tom
Yeah, they will be here.
Will Cain
This is why I'm excited about this. Obviously, we need efficiency in government. But my question is, what's the hammer? That's the big question on that. We can't just have a study. We did that in the 80s with Reagan. We can't just come back with, oh, these are all the inefficient branches of government. And here's our suggestions. Congress, go act. There has to be an enforcement.
Patrick Bet-David
They're not that type. No, they're operators. Play this clip, Rob. They're both operators. I want to get your take on how this begins. What are you looking to cut right from the beginning?
Rob
So first is we want to go right in through executive action to do the failures of the executive branch that need to be addressed. Because the dirty little secret right now, Maria, is the people we elect to run the government, they're not the ones who actually run the government. It's the unelected bureaucrats in the administrative state that was created through executive action. It's going to be fixed through executive action. Think about the Supreme Court's environment over the last several years. They've held that many of those regulations are unconstitutional at a large scale. Rescind those regulations, pull those regs back, and then that gives us the industrial logic to then downsize the size of that administrative state. And the beauty of all of this is that can be achieved just through executive action, without Congress score some early wins. And then you look at those bigger portions of the federal budget that need to be addressed one by one. So I think that's one way to think about this, is how can the President of the United States, who's been elected with a historic mandate, actually do the thing that the voters have voted for? They haven't voted for incremental change here this time, Maria. We have voted for sweeping change, and the voters actually deserve to get it. And we're focused on how to do that as early and as quickly as possible.
Patrick Bet-David
So President Elect Trump just said on that soundbite that you're going to make recommendations. So you're going to make recommendations in terms of where to cut after all that you've just said, then what?
Rob
Look, we're not going to be cutting ribbons, we're going to be cutting costs. And so those recommendations are going to be. I don't want to take a big step back and understand. For people to understand the scope of this problem. Over half a trillion dollars that's spent every year right now was not even authorized by Congress in the first place. The Pentagon has just failed its seventh consecutive audit. Nearly $1 trillion of budget. They can't even tell you where it goes. So I think part of this is exposing for the public the extent of that rot and waste. But then to take steps first through executive action and then laying the groundwork for broader change.
Will Cain
So not to take too much. I was with Maria that morning. She was having Vivek on. I said, please ask him that. This is what I'm talking about, the hammer. I see. So the. Then what he lays out, Vivek lays out executive action, regulatory stuff. That's how they can get a lot done. Here's a humble suggestion. Elon Musk has. What. What are we at now? $350 billion, something like that?
Tom
Yeah, he's up there.
Will Cain
A billion dollars in primary fund support for any challenger to a congressman who does not support real effective change through legislative action. Some of it is going to have to come down to legislative action, power of the purses in Congress. You can do executive action, as Vivek lays out. You can go to the Supreme Court with your Solicitor General and try to challenge the constitutionality of a lot of these things. But you are going to have to get action done through Congress and you got to have a hammer with these guys. And that hammer is losing an election. And Elon perhaps funding challenges.
Vinny
You just mentioned Solicitor General. Why don't you share in straight up terms for all the people that are listening, the importance of that position? Because that's not a position people hear about and they don't understand. But it's the gatekeeper to our Supreme Court.
Will Cain
Well, you think it's the Attorney General that would do this, this. But he's got a bigger job to handle. The Solicitor General is just the guy that goes right there in front of the Supreme Court and makes the case. He argues. So I don't know if you've ever listened to him during Obamacare. Big ones. You can they stream all that. The Supreme Court. Yeah, yeah. And he's the guy you're going to hear arguing it. So he makes the case, makes the oral arguments in front of the Supreme Court. I think I have enough experience dealing with Stephen A. Smith and one job.
Vinny
That'S a big deal. The right cases get in front of the court and now we have the right court to hear.
Patrick Bet-David
Right. But again, when you hire doers, things get done. But they have to also learn it's slightly different than business. In business, you make a call, you call the shot. People move. In politics, you can't call and it gets done. You got a certain process you got to go through where the speed is slower. So how they adjust as entrepreneurs in a very slow business and how they get it done is for Elon to get up there and say, oh, really, you want to do this? No problem. Hey, this guy here who's a congressman in this area, don't re elect him because he's gonna have that kind of power. You do not want that hammer to come to you, which he's going to be doing, by the way. The one job that I think we're not, you know, maybe there's plenty of great jobs that we're talking about, very important guys that are on in here. I think the chief of staff is the person that's in your ear that you're talking to where you get to ask the question of what do you think? What do you think about this person? What do you think about that? Person, the way that she set it up to say, look, I don't need any of the attention, I don't need to speak on stage, but allow me to close the door, they have to come through me. Don't keep that open door policy the way you did in 2016. Let me flush some of this out. Yeah, Susie Wilds, I think she is, she's so understated.
Will Cain
You do know who her dad is, right?
Patrick Bet-David
Of course. Some are all. Yeah, but when you, when you are, when you are an operator, a type A, a D on the disc and a guy that gets stuff done and you find a Susie Wiles, it's life changing. If she's the right person that you trust, things get done and the right decisions made. By the way, do you know what the budget is going to be for Bobby? One and a half trillion. Do you know who reports to him? Fda, cdc, nih, Surgeon, Attorney General, if I'm not mistaken, all of those report to him. Which means a, the new fauci has to go through him. Which means if he really wanted to investigate and find that he's officially guy that can pull it off. And by the way, Rob, can you pull up this chart, these two charts if you can pull up. I just texted to you. So this is how much money we spend in health care every year compared to everybody else out there. Look at us, we are all the way at the top. 17.8% of our GDP goes to health care spending. Look at everybody else. You see right there, the lowest ones, Korea. Okay, you see 8.8%. We're at 17.8%. Our 17.8% is one and a half trillion. You would assume if we spend more money then all of these guys in health care, the American people would be living longer, right? I mean that's just. You invest more. We should be living longer. Rob, can you show the next picture that I texted you? So watch this one here. This is us. Wow, look at where we are 70.
Will Cain
Which one are we on?
Patrick Bet-David
That all the way. We are all the dying breed. We are the dying and going down 77 years old. Look at everybody else.
Tom
By the way, Japan is going 84.
Patrick Bet-David
Korea 83 and a half and they spent 8.8. We spend 17, 18 of our GDP and we're at a number like this. By the way, just in 1980, this, the discrepancy between us and the average around the world was 0.9, meaning we lived 0.9 years less. 45 years later, 44 years later, we're living five years less so everywhere else. They're living longer. We're living five years less than everywhere else in the world. So then the question becomes, what? Where the hell is this money going into? Is that the lobbyists? When you go through all these things that you look at these foods that are not allowed in eu, in Russia, in other countries, but we're allowing it here, why we allowing some of the cereal, ketchup, the way fries are made in US vs UK? You ever seen this, how we make it here? Rob, can you pull up McDonald's fries, made in US versus UK and where.
Tom
They store the potatoes? You hear about where they store these potatoes? Oh, with the chemicals. And they house them for weeks on. It's ridiculous.
Patrick Bet-David
Just go to the left one. Right there. Zoom in a little bit.
Will Cain
Okay.
Patrick Bet-David
Yeah. If you can. Okay, check this out. This is US versus uk. All right? Look at the amount of preservatives we're putting in. Look at what they're doing. Simple. You go to.
Will Cain
And that's. And then we're still both using the oils, the vegetable oils, instead of the beef tallow from the old days.
Patrick Bet-David
Yeah, we are. Meaning even UK is using some of that. But. But the point is, if Bobby gets in and he starts saying, no, we're not going to be doing this. No, we're not going to be doing that. No, we're not going to be doing this, lobbyists are officially having to find a way. These companies are going to have to spend a lot of money to go after Bobby and those guys. Because when you look at the stock right now, what do you see with the stock? Here's what you see with the stock. Vaccine stock hit by Robert Bobby Kennedy nomination. Rob, do you have the clip on this or is that an image they were going to show? Because it's yellow on there.
Vinny
I also have a clip.
Patrick Bet-David
Can you play the clip on this? Vaccine stock? Why would vaccine stock take a hit?
Tom
Oh, weird.
Patrick Bet-David
It's interesting, right? Play this clip, Rob. Shares in global vaccine makers fell sharply on Friday. Markets were spooked by US President elect Donald Trump's pick to run the Department of Health and Human Services. He's chosen Robert F. Kennedy Jr. Who has previously spread misinformation. Here we go. There it is. Kennedy, who is a vaccine skeptic, has been criticized for making false medical claims, including that vaccines are linked to autism. Several medical scientists on Friday said they were alarmed that vital vaccination efforts could be undermined. Shares in Britain's GSK were down. You got another one here. Processed food stock drops After RFK announcement, stock of major processed food companies dropped significantly after Bobby Kennedy was picked as the Secretary of Health and Human Services. Nestle and KRAFT Heinz reached 52 week lows while PepsiCo fell nearly 4%. Coca Cola dropped a percent. General Mills dipped 2%. Campbell's Soup dropped 3%. Trump described Kennedy's appointment as a step to combat the industrial food complex. Industrial food complex and its deception, misinformation and disinformation on public health. Kennedy criticized US Food safety standards, pointing out that the additives like potassium bromate and prominent vegetable oil banned in Europe are still allowed in the US and stated enough is enough. President Trump and I are going to stop the mass poisoning of American children. Accusing Democrats of neglecting to address these issues despite their healthcare platform. Pretty wild to see this taking place.
Will Cain
So you've had smart people on this show. I know that you have them every week. So you've heard a lot of this. This is a vicious cycle that we can all can analyze. How is it possible that we're spending more percentage wise GDP on health and getting worse results than ever everyone else? First of all, it's the input, it's the food that's making us sick and obese. And then we do not actually have a health based society. We have a medicinal based society. Once the problem is there, we treat it with pharmaceuticals. Get this medicine, get that medicine. And I'm sure if we went around this table, we're all guilty of it in some degree. We're taking something for some reason from vanity to what's prescribed as health to us. And that is market industry countrywide. And that cycle, by the way, is not virtuous. It's not perpetuating health. Get sick, get fat, take this medicine. It feeds a beast of money that does not produce real health outcomes. That's what RFK is tasked with. Look at that cycle right there, Tom.
Vinny
Well, you know what's interesting is the stock market is based on subscription. Whether you believe it or not, it's based on subscribers. Now, you may have a contract for your cell phone, you may have a contract for your cable tv, but all brands and companies want recurring revenue with the emphasis on recurring, because that's how you drive the stock market. And this medicinal based society, and I love the fact that you called it that, well, is to create subscribers, not cured people, not healthy people. I want to create a diabetic subscriber for life that you'll wear the thing and it'll meter your insulin for life. Don't worry about your weight don't worry about health, don't worry about seeing if, if maybe your health based diabetes can somehow maybe be reversed. If you were to get more healthy and then find out if you could have be at a recovery point and what would your true diabetic status be at that point? You know, it's possible, not impossible. Instead, we want subscribers. And so the pharmaceutical industry wants subscribers. They want a pill for your ill and they want America to be in the mindset of two things. One, it's not your fault, we'll get a medicine for that. And two, the Microwave Society. I want instant gratification, wanted to fix no problem. We have a pill for you. So that's the way it is.
Will Cain
Because you know what the perfect drug that illustrates this is and I don't begrudge people that are taking it, it's Ozempic. It's the perfect example of a cycle. That one drug, oh the we fed you, made you fat. Here's a drug that will now take the fat away. Yeah, just keep paying.
Patrick Bet-David
Exactly.
Vinny
And that's the reason I use the model today.
Patrick Bet-David
So many people are selling it and there's different companies. It's not just Ozempic. I, I, there's multiple brands, multiple brands that are selling it right now. It's so, so popular across the board. So many people you see like you haven't seen it for three months. You're like, why did this go in? How did you get your cheese?
Will Cain
You notice nobody says anymore, hey, what are you doing? I know, what's your exercise? It's like stolen valor and war. Like nobody says what's your diet and how you exercise? And we just kind of have to walk around going, could be the pill or.
Vinny
What's really interesting is I saw, I saw the two clips that just banged around in my head because I'm weird. Number one, you saw Qatar say Muslim Brotherhood get out because as soon as he's inaugurated we're gonna have trouble. That is a pre reaction. That is Qatar saying, hey, we're small, we're not like Saudi, we gotta get positioned here. Muslim Brotherhood and Hamas get out of my country because I don't want trouble. Kraft Heinz pulled Lunchables. Lunchables have been pulled. Remember those old things? Because of the sodium and chemical content and stuff. And consumers reports came out and said there is nothing that resembles healthy food in this thing. And Bobby Kennedy gets announced and so what are they doing? They're pulling it. Why? They're pulling it in advance so that they can get the market ready for the adjustments they have to make in revenue because they're pulling a major product. But there is no difference between what the CEO of Kraft Heinz did and what the prime Minister of Qatar did. Trump is coming, change is coming. And they're pre reacting.
Tom
I'm just, I just hope he takes care of himself, Pat. Because think about it. You're going after Big Pharma is no joke. Big. The food is no joke. And I think the reaction of the American people and these institutions, because some people are getting mad like he's going to come in and change the fries and what? And it's like, it's almost as if they have Stockholm syndrome where they've fallen in love with the abuser, which is the government and everything. And now they're, they're defending these people.
Will Cain
Addicted.
Tom
They're addicted to it. If you try to take Ozempic or any of this stuff away from people, they're going to lose their minds.
Patrick Bet-David
By the way, here's what's wild. This is Bobby R.F. kennedy, Jr. Right?
Tom
Yep.
Patrick Bet-David
You know, on what show? With Morning Joe. Really? Back in the days.
Will Cain
What year?
Patrick Bet-David
Scarborough. Scarborough Country. Okay. With msnbc. And they're talking about autism, by the way. You could do this back then. You couldn't do it during COVID God forbid you brought it up. I got, I don't know how many, if I was to tell you, we got five strikes on YouTube on autism. I'm giving you a low number and I think three of them I got because I had him on multiple times and a couple other guys. If you even had the dispute or the argument four years ago, five years ago, six years ago, YouTube was not having it. Rob, play this clip here from them having a conversation. I don't know what year this is. Rob, if you can tell us what year this is, but it's quite a while ago. Go ahead.
Will Cain
My son, born in 1991, has a slight form of autism called Asperger's.
Tom
But it seems, and again, when I.
Will Cain
Was practicing law and also when I was in Congress, parents would constantly come.
Patrick Bet-David
To me and they'd bring me videotapes of their children.
Will Cain
And they were all around the age of my son or younger generation. The Generation happened in 1989.
Vinny
Exactly the generation. What happened was the vaccine schedule was increased. We went up from receiving about 10 vaccines in our generation to these kids received 24 vaccines. And they all had this thimerosal in them, this mercury.
Will Cain
Way more now.
Vinny
And nobody bothered to do an outline of what the cumulative impact mercury was doing to kids. As it turns out, we are injecting our children with 400 times the amount of mercury that FDA or EPA considers safe.
Patrick Bet-David
A child on his first day that.
Vinny
He'S born is injected with a hepatitis b shot. Under EPA guidelines, he would have to be 275 pounds to safely absorb that shot.
Tom
And yet we're just constantly pumping our.
Patrick Bet-David
Kids with these vaccines. Look at him.
Tom
What happened to Joe?
Vinny
What happened is that in 1988.
Patrick Bet-David
Now, pause that, Rob. And if you can do me a favor, Rob, with this. This is a perfect transition into it. If you can go to Morning Joe, the clip that's on Twitter, if you go onto my account, the one that shows the before and after, Rob, the ones that are right next to each other, just go on Twitter. You'll see both. A clip came up, came out that was perfect because you can see them, how they were speaking about it then and how they're speaking about Trump now. If you can make this bigger, Rob, so we can all see it perfect, go ahead and play this clip. Watch this, folks. He says that the news network that.
Tom
That is most critical of him should.
Patrick Bet-David
Be taken off the air.
Tom
This is not a reach. I could go back and talk about Nazi Germany, and I do it. I do it without any concerns whatsoever. And if people can't start drawing the.
Patrick Bet-David
Parallels, well, you're just stupid, or you have your head in the sand, or you're one of them.
Vinny
Over the past week, Joe and I have heard from so many people, from political leaders to regular citizens, deeply dismayed by several of President Elect Trump's cabinet selections, and they are scared. Last Thursday, we expressed our own concerns on this broadcast and even said we would appreciate the opportunity to speak with the President Elect himself. On Friday, we were given the opportunity.
Patrick Bet-David
To do just that.
Vinny
Joe and I went to Mar a Lago to meet Percy personally. Hitler. Yeah, it was. We have seen him seven years now.
Patrick Bet-David
We talked about a lot of issues, including abortion, mass deportation, threats of political retribution against political opponents and media outlets.
Tom
We talked about that a good bit.
Vinny
And it's going to come as no.
Tom
Surprise to anybody who watches this show.
Patrick Bet-David
Has watched it over the past year or over the past decade, that we didn't see eye to eye on a.
Tom
Lot of issues, really.
Patrick Bet-David
And we told him so.
Vinny
What we did agree on hold was to restart communications. Neither did with whom he and the United States profoundly.
Patrick Bet-David
Just go two tweets down, by the way, to be. Are they doing this because they just want to go. Go a little bit lower, Rob. Yeah, if you can Just go lower, lower, lower, lower, lower. And right there. This is from Glenn Greenwald. Okay, that just came out. Lots of articles on an MSNBC audience has completely collapsed. Disappeared once Kamala lost and the got disillusioned. But the full extent is shocking. The primetime show can't even get 75,000 people watching in their key demos. Weekend won't even do 30,000. Click on this thing so we can see it. Rob, if you can zoom in a little bit so we can see both.
Will Cain
You can triple MSNBC and CNN together and it doesn't equal Fox.
Patrick Bet-David
You can combine cnn, combine MSNBC together, and it doesn't equal Fox.
Will Cain
Correct.
Patrick Bet-David
That. That makes sense right there. If you put Melbourne Blitzer 130 times 3 is 390. That still doesn't beat Brett Bear. You take reader Waters.
Will Cain
Look at waters.
Patrick Bet-David
Waters is 568. So 150. 160. Nope, it's 480. It still doesn't meet. And that's Hazen Cooper. Keep going. Low route. I mean, Tom, when you look at these numbers, 62. Where is morning Joe? Where?
Will Cain
That's prime time right there.
Patrick Bet-David
That's prime time is what it's showing. Got it. What do these numbers when this happens? I'm curious. You're in it, right? You're within Fox. You guys are not accustomed to winning. You've been winning and dominating for a long time. So you guys don't know what it is when your numbers lose. Well, but what would it be like? I guess what I'm asking is what do you think is going on in there for them to come out and say, we got to go meet Trump? Is it their decision? Or did the boss say, if you don't go and make it good with us, we got to discontinue the show?
Will Cain
I've got a couple of thoughts on this. You brought up a guy I've never met this guy Scott Jennings at cnn. Never met him. Really, really impressed by Scott Jennings. And I say that coming from a place of experience, I've done this. I was at CNN for five years. I was at ESPN for five years. To be outnumbered. I actually think it's really fun to sit at a table. If you three guys all disagreed with me, it'd be a ball. We'd all sit here and argue and debate. Pat likes it when I'm in that mode with Stephen A. Smith. Scott does it so well. He does it so well. He had a clip, and I think you have it, but he had a clip arguing with John Avalon about why the medical to our last conversation, industry lost so much credibility and Avalon talks about disinformation, this and that, like. No, they lost their own credibility by giving us all bad information through Covid. By continuing to look into our face and lie.
Patrick Bet-David
Is that it? Is that?
Will Cain
That's it? I don't know. If you want to play the clip.
Patrick Bet-David
Play the clip and then I'll come back intellectually honest. There's really no good reason why Bobby Kennedy, rfk, dre or should be HHS secretary. An advisor, a confidant, somebody who, who talks to the President and advises. But there's no managerial experience in his resume. There's nothing that says he is qualified to do this job, this job that is in charge of the health of all of us, all these different lanes. If he has views and has insights around food sources, around vaccines, then those should be given in advisory roles.
Vinny
Why?
Patrick Bet-David
Well, because.
Rob
What were the qualifications of the previous ones?
Tom
Yeah.
Will Cain
Well, I think it's important to always.
Patrick Bet-David
Remember that you put yourself. Say that again. What were the management qualifications?
Rob
I mean, Xavier Becerra, I'm not talking.
Patrick Bet-David
About, I'm looking forward.
Rob
But you're calling into question whether he could actually do this job. And I think absolutely.
Will Cain
I think America is now. And I think, I think it's important.
Rob
To discuss it because Xavier Becerra was just a lawyer and a politician with no management.
Patrick Bet-David
So there's two negative still. Burwell was a Walmart lobbyist.
Rob
Donna Shalala was a university person.
Patrick Bet-David
Look, RFK Jr. Is a nut.
Rob
Oh, look, okay, so that's different than what you just said.
Patrick Bet-David
You just said he doesn't possess the requisite managerial experience. But then we get to the real issue here, which is you want to insult the man, which is your right to do because you oppose them in the election.
Rob
But you are raising the issues that he has been raising. And I think they're appropriate questions to raise.
Patrick Bet-David
I don't know whether he can really get or not. The vaccine stuff at the table is.
Rob
Obviously going to be the flashpoint of this hearing.
Patrick Bet-David
But I'll tell you one thing.
Rob
This whole issue and these public health agencies. Look, public trust and the health regime in this country is as low as it's ever been.
Will Cain
But why? Because of COVID right?
Rob
Because of school closures, because of mask mandates.
Tom
Because.
Patrick Bet-David
Because this country was getting. Let me just. Because this country was drugged through a bunch of condescending and heavy handed mandates.
Rob
That all turned out to be garbage. And that's why it's low and the questions are valid.
Patrick Bet-David
Is the answer to all of that.
Vinny
Yeah. Promote the assault on the cdc that lowered the disinformation.
Will Cain
More than a million deaths. Got more than a million deaths, United.
Vinny
States, higher than any other industrialized nation per capita. That's the result of failed policies, the.
Patrick Bet-David
Demonization of the conspiracy through policies under the Trump administration.
Will Cain
So. So, Pat, after an election, Fox's ratings went down in 2020. I mean, we need to be open and honest about that. After Trump lost. So there's a depressed effect. People that lose elections get depressed and tune out. You don't want to watch when your team loses on Sunday night. You don't want to watch first take on Monday morning. But if you win, let's hear it, baby. Let's get after it. So some of this for cnn, MSNBC is that. But the more important part is what's being talked about in this clip. Loss of credibility for the medical establishment. Loss in credibility for media that lied to you for four years. I will hope that this audience that watches CNNC is asking themselves serious questions about their information bubble because they have received nothing but misinformation and lies.
Tom
Yeah. By the way, did you see Joe Scarborough's face? None of them wanted. You think he wanted it? He looked like he was dying inside. That's probably the top. Rasheeda Jones, right. She's CEO of NBC. Whoever it is, they were told to go there. And you nailed the path. 50% drop. But listen, I'm not going to forgive. I'm not taking that. Those people, especially these two, with that rhetoric, causes somebody to go on a roof and be like, you know what? He's Hitler. I'm going to shoot him in his head. Those are the people that are responsible for shit like that. Sorry for my language. And I hope that they're going to fail regardless, no matter what. What are they going to do now? Start reporting positive news, Pat? Are they going to start reporting, hey, Trump's actually not Hitler. It's not going to work. We're not going to listen to it.
Vinny
There's two things going on. One is there is an underlying reality that's happening is that there is a technology shift and a viewership shift, tapping among all the viewers, they're turning to streaming. They're watching online, they're watching over the top. They are not locked into a cable subscription and just watching the big Four or jumping around the two that they like. That is real. And it's changing the number of viewers that are available to MSNBC and the cable nets in a traditional form. The second thing that's happening is they're losing their credibility. So there's already a shift in where the subscribers are going. So they have to make a technology shift in where they're going to be and how they're going to present the short, shorter clips or shorter stories rather than just two hours of couch potato watching. That has to happen. But now you've got Morning Joe. The expiration date of his brand is here. It's upon us.
Patrick Bet-David
Let me break this down for you. Here's how it works. Vinnie. Yeah. There's one thing you can't ever beat. Okay. You know how you go into the ocean and you think you're stronger than the ocean?
Tom
Yeah. What ends up happening, it gets you every single time.
Patrick Bet-David
I tell my kids, I said, no matter. You can bench a thousand pounds. The ocean doesn't care. You're right, it doesn't. You can squat a thousand pounds. The ocean says, really? Come here, Mr.
Vinny
Mother Nature is undefeated.
Patrick Bet-David
Undefeated, right? Yeah. You can try to beat a lot of different things. You can't beat capitalism. Listen, you cannot. It's just how it is. You can for a few years. Eventually, competition is going to expose you. Why does the market watch people? Think about it. Take anybody across the board. Go, Stephen A. Go you guys. Go msnbc. Go, cnn. Go, podcasters. Go, anybody. Pick any talent you want to go. Right? It comes to a few different things. One personality is attractive. I don't have to disagree with you, but I watch a lot of people I disagree with because they have an appealing personality. You're like, you know what? I like this guy. He's cool, right? Stephen A. And I, you know, we'll have the conversation politically, but I like to watch him. His personality, to me, I like it. Some people may not. I like watching Stephen A. 2, likability. Do you like this person? I like this person. They don't come across either. You're stupid. And let me tell you. Yeah, okay, got it. So that's not likable. Three is knowledge. Do you have some know how? I'll watch Tom. Tom's got a lot of know how interesting Tom. That's Know how. I did not know that. I learned something new today. Here's how this works. You know, everybody thinks about this, but the Solicitor General is the person that goes out there in front of the Supreme Court and gives the argument, cool. Know how I'm learning? This is cool. I'm getting smarter. Four, you're fair. I watch him. I'm like, ah, he is fair. She is fair. I guess he's fair. I watch him. He's fair, Joe. He's fair. You're like, nah, this guy's fair. People want to watch somebody that is fair. Then you got somebody that has unique angles, man. Every time I listen when he said I, I, everybody's saying something, but, man, I never thought about it this way, right? That was a unique angle. Yeah, I never thought this way. I never thought that was the case. That was unique. Nobody else is saying this. That was unique. He's taking a different angle. So I want to hear what he has to say. Peter Thiel, unique angle, right? It's a different thing. You're open, you're willing to talk to other people, and you're entertaining. So you take those seven things and you put these guys on a score, Richter scale on a golf score.
Will Cain
Like, dude, fail all of them.
Patrick Bet-David
That's the point.
Will Cain
All of them.
Patrick Bet-David
That's the point. So you're sitting here saying, listen, man, you know what? Boom. Change your channel, by the way, when you do this. I grew up in Iran. This is how we used to change the channel. Now. Now it's this and now it's not even like that. People change channels on their phones right now is what they're doing. But anyways, let's go to the next story. Tom. Jamie diamond is being asked question about getting the job that he wants, Right. And he answers it in a way. Some people are saying he's being genuine. Some people are saying, I don't know if he really wanted the job. I think he really wanted the job. Go ahead and play this clip, Robin, let's react to it.
Will Cain
Donald Trump sends a message to you.
Vinny
That he respects you greatly, but you.
Will Cain
Will not be part of the Trump administration.
Vinny
As a Treasury secretary, if that were.
Will Cain
Something that were interested, interesting to you.
Vinny
I first of all, I wish the.
Patrick Bet-David
President well and thank you.
Vinny
That's a very nice note. But I just want to tell the president also, I've never, I haven't had a boss for 25 years. I'm not about Radist.
Patrick Bet-David
Do you believe him, Tom?
Tom
No.
Vinny
Jamie Dimon has had two bosses for the last 25 years that are some of the most impressive and foreboding bosses you can have. One is his stock ticker, and Wall street itself is a massive boss. And the second is the Fed. He has had two bosses he's had to navigate. He's had a variety of things. He's had to work with his board. Now, does he walk on air like some of the top 10 probably CEOs in America right now. Sure he does. But for him to say, oh, I already have a. That is just. I don't think it's a very well thought out response. Because he wanted this job. He has mentioned to people these rumors that have happened for the last two years came from somewhere. And I like Jamie, I got a lot of respect for Jamie. I have endorsed him. I've supported him. I've talked about that. I think he's made good calls for the economy. But right now, how would you not want that job? That job is the crown. That is the cherry on top of the sundae. That has been an incredible career of an incredible guy in financial services, where now you take all that knowledge and you're not just representing the biggest bank in the world, you're representing the biggest economy in the world as Secretary of Treasury, how can you not want that job? He does want it. He's very competitive. And Jamie, come on, you've had to.
Patrick Bet-David
You've had.
Will Cain
Well, I think in theory. I disagree with Tom a little bit. I mean, again, this is the theoretical aspect of it. To do what Jamie Dimon has done and then go take orders from Trump would be incredibly hard. I mean, Pat, I don't think you're signing up for a boss anytime soon. Maybe never again. I'm almost certain never again. You're never going to have a boss again. And Jamie Dimon is a titan of the universe. To think about somebody like that working under someone is theoretically very hard. But here's where I agree with you. Tomorrow. He's made all the money in the world he could ever spend and his grandchildren could ever spend. He's done everything that he has to do. The crown jewel, to your point, the cherry on top, is a powerful position like Treasury Secretary. I do think he would swallow that ego, take the job of having a boss to be Treasury Secretary.
Patrick Bet-David
Yeah. You know, it's. When you think about. When you think about where he's at right now and the decisions he's making, where he's already announced his replacement, that the next two years he's finding his replacement. When you think about the money, well, I mean, that's a bad move because he had to come back. And I'm just saying, you give it.
Will Cain
Up, give it up, come back.
Patrick Bet-David
And then. And then when you think about how much more lenient he got with his employees, hey, you guys have to work 80 hours a week. And I was like, well, we can now do this. And he's not Goldman. He's not Goldman Sachs, but Goldman Sachs is like hey, you either come in or get out. He's not doing that right now. He's kind of getting a little bit more chill. Maybe he wants some people to like him. Maybe likeability to go higher. I don't know. But here's what I would tell you. This is probably one of the most ambitious people in America, period. And maybe the most ambitious man in the financial industry. Let me explain. This guy used to be the executive assistant to Sandy Weil at American Express. Let me say this one more time, guys. This guy was an executive assistant to Sandy Weil. Sandy Weil was King Kong. Sandy was Jamie dimon in the 90s. Okay? Sandy ran city. Today. Jp morgan is jp morgan chase. Back then, it wasn't jp morgan chase, it was City. All roads led to City because of this guy Sandy. Wild. What ends up happening is Sandy gives him a, you know, premier job, premier position. Sandy's daughter, I think, is reporting to him or something like that. He decides to promote somebody else and sets his daughter aside. Sandy's wife comes in and says, you can't let Jamie do this. Ends up firing him. Jamie leaves. Sandy calls him the worst firing of his lifetime. And then Jamie ends up becoming who? The Sea of Chase. So this is not a regular guy we're talking about. He's running the number one bank in the world. Okay? They around 7 to 10 trillion dollars of money circulates in Chase every day. Let me say that one more time. Seven to ten trillion dollars every day that this guy's behind. This ain't a regular guy. He's not sitting there not wanting this job. I don't think. And I think for me, when you're a guy like that, you know, if there's anybody that you choose to make the boss at the end, certain things change in life. When you read Kennedy's book or if you read Bush's family and you study both of those families, both of them have something in common. They both say, go make a lot of money, then go into public service. Because if this country gave you the wealth that you now have, you owe it back to the country. So he's not going to be working for Trump. He's working for America. He needs to adjust that approach that he's taken. If America chose Trump, and you love America, Trump is the spokesperson for America during those four years. If Trump knocked on the door for you to get that job, it ain't Trump giving you the job. It's the country that helped you become a billionaire giving you a job. And you have to entertain that job, no matter how cocky, competitive all of us are and driven we are, you have to entertain that call. And I think deep down inside he wanted that job. And if he doesn't, I don't think Jamie's going away. I think the amount of knowledge Jamie has that can be used in a market for the next two decades is priceless. This guy's relationships and connections around the world is priceless. Does he have the swagger to be a one, meaning a president? I don't know. But does he have the swagger and the knowledge and the relationships to be the position that was potentially he was going after? I think so. If it doesn't happen under him, maybe it happens under somebody else. And by the way, who knows? Trump is famous for firing people just because somebody got the job. Now you know what the next thing is at Vegas? Here's the next bet, if you really want to make a bet at Vegas is the following. Who's getting fired first? Oh, wow, all these guys got jobs. All right, here's the bet. Who's getting fired first and who's getting fired fastest? So January, when is inauguration, by the way? January 20th. Is that what it is?
Tom
January 20th.
Patrick Bet-David
All right, so let's just say they all get their jobs January 21st. Hypothetical.
Will Cain
Quickly, does Poly Market have this up yet?
Patrick Bet-David
Then the bet is who's going to last? The shortest time to say, Dude, I bet $100,000 that guy's gone within two weeks. I bet 100,000 that guy's gone within a month. Nobody knows when you work for him. He is a little bit a wild man, so he can make any decisions. Anyways, let's go to the next story here. Tom, I'm going to come to you first with this one. Who's funding new home purchases? Mom and dad. I'm going to read both stories tomorrow and then I'll come to you and then we'll, I'll go to you afterwards. So here's stories. Okay. Who's buying new home purchases? Mom and dad. Rising housing costs could lead to an increase in paternal parental support for younger home buyers, with 26% of recent buyers using family cash for down payments, up from 23% last year. That's a plus three, according to Redfin. Parents like Deb Sense say they are giving their kids money each year to help with the down payment. While some, like parents in Minneapolis are paying cash for the home outright. Damn. More young adults are turning to family for financial assistance, asking for cash instead of traditional wedding for or baby gifts. That's actually a good move, by the way. Hey, we're going to give you $10,000, $20,000 now help me buy the house. I like that. And or moving back from back home. Census data shows record shares of adults ages 25 to 34 living with parents. And then next story says young adults are holding off on moving out of parents houses. About one in every three adult ages 18 to 34 is living with parents right now. And Gen Z struggles with income and prioritizing savings. Over 50% of Gen Z adults report they don't make enough money to live the life they want. Per bank of America data that they have, Victoria Franklin, 27, chose to live with her mother after college, saving 40 to 50% of her income. Tom, thoughts on the story here.
Vinny
Okay, here we go. Two logical explanations and a punchline. The two logical explanations are this. First of all, you know what we saw happen when you print a bunch of money, you cause asset prices to go crazy. And housing prices have gone crazy just about everywhere. Up I think national average we were up about 37%. Places like San Diego and Austin I think have pulled back 15, 20% off peaks. So there's been some adjustment there. But housing is more expensive than it's ever been, number one and number two is the building over. Covid had a pulse and building is still catching up. As a matter of fact, builder stocks, Toll Brothers, Lanaire, Pulte, if you look at the indexes with those are doing really, really well. Why? Because they're building like mad. But the supply isn't catching up. And once the supply catches up in the right places, prices will come down in those areas because there's more homes available. So that's the first logical explanation from the printing of money that home prices to Covid and we didn't build for a while and now we're building at a record place and we got a bunch of people moving into America. I wonder from where. Different topic, different topic. So you have a supply and you have a demand issue is keeping the prices up. First logical explanation, Second logical explanation is what's happening here is mom and dad are advancing their inheritance. Most inheritance in this country is tied to the value of the home. There is more. You talk about baby boomers, a billion dollars, a million dollars in their ira. That's not typical. Most people are getting the inheritance in the form of less than $200,000 in saving. But the equity, it was in their mom and dad's home. So they're advancing that inheritance here. That's the two logical Explanations. That's happening. It's really happened. Here's the punchline. 33% of young adults under the age of 34 are still living in their parents home. So parents are saying, what if we just advance the inheritance a little bit to get this jerk off the couch and into his own place. So parents are actually getting kids to move out using part of the advance inheritance.
Patrick Bet-David
You got a little bit emotional. Was that personal? Are you going through that or is that your concern?
Vinny
No, no, no, no, no, no, no.
Patrick Bet-David
You got good kids, Tom. Don't, don't throw them under the bus. On the live podcast Broad.
Tom
Yeah, One of them might be watching.
Vinny
Listen, I once told my dad I'd never move out of the house and he said, you little bastard, don't ever threaten me like that. So it was.
Patrick Bet-David
So it's Will, what are your thoughts?
Vinny
What's happening?
Will Cain
So you took it from the financial angle. I'm going to take a little bit from more of the societal and philosophical angle. Pat, I follow you. We have something in common that you may not know, but that is our kids are very into soccer. I see you post about it on Instagram. You talk about a lot of the, a lot about the psychological requirements to become an elite soccer player. Both of my boys are very invested in soccer played at high levels and we talk a lot. This is the conduit through which I talk to my sons often. Like I use it as a metaphor for life as you do. I've watched you talk about this like resilience and effort that you put in. Technical skills built up over a multitude of years. By the way, as another comparison between the two of us, I was really inspired by what you said at the start of the show. I'm going to be watching tonight of where this show was in 2020. It's where we are today on the Will Cain show. We are about 40, 50,000 live on the Will Cain Show. So I'm excited to see where we'll be in four years. Maybe if we follow that plan that I will learn tonight what I'm tying this psychological thing into this. We are, over the broad span, a wealthier society than we were 50 years ago. What did people do 50 years ago? They tried to set their kids up for a future that included. Maybe I can help them pay for college. Maybe I can help them with this start in life. Housing has gotten to be a very difficult step in life for young people. If parents can help with this, I don't think you're violating the types of things I See, you talk about when it comes to soccer or other aspects, which is, we can't create entitled kids. We can't create kids that don't know how to work for it, who aren't hungry. That's the balance for everyone.
Patrick Bet-David
Yeah.
Will Cain
How do I give and set you up for future success without turning you into a softie? And I think sports is a great way to talk about that. I think this is a needle to thread. Can I set them up with a house so they can begin the process of wealth building? The other thing I would add to it is maybe instead of a house, if you've got an entrepreneurial son or daughter, set them up in that first business, become an investor, give them their nut to get started on what they're going to build for the future.
Patrick Bet-David
Yeah, I love that. And I want to. I want to show you a couple of charts that is maybe a different angle than what both of you guys talked about, which is great because the audience wins because we hit it from all the different angles. Rob, if you can pull up the first clip, go to the first chart. Not this one. Go to this one. Check this out, guys. In 1970, it took you 2.4 years of saving money to buy a house. Today, we're at seven years. Whoa, that's just not cool. So we can. We can sit there and be tough on the younger generation and be like, hey, you know, well, you are not disciplined. You're not this, like. And I used to do that. I'm like, you're not doing. Dude, what the. But when you go back, it only took 2.4 years. Now it's 6. Why. Why is this. So then we just did an episode. If you go to the next chart, watch this one here, which is kind of weird. So. Not this one. Go to the other one. Right there. Watch this. If you zoom in a little bit to the one up top, Rob, zoom in a little bit for the one up top. You know what? If you can, it's okay. So, you know. Okay, thank you. So the one up top shows. If you look at the one up top, it shows what percentage of homes we built that were 1400 square feet. Look at that. In the 70s, it was 35, 40%. Four out of 10 homes we built. We're 1400 less than 1400 square feet. It's a starter home. Hey, babe, it's just you and I, two bedrooms. Let's get a place. And today, look at that. From 40%, the blue's gone all the way down to 5%. Go. Go to the bottom and watch this here. We used to build 500,000 homes every year, less than 40. These are starter homes, entry level homes. We're at 55,000, 55,000 guys. And by the way, this isn't just in the last year. Look at it since when Obama 08 and it started declining since when? It went down after Nixon. It went up a little bit under Reagan. It went down again at the tail end of Reagan, stayed flat under Bush and Clinton. Then it went down under Bush slightly, then really declined under Obama and we've stayed at 5,500 55,000 a year. By the way, here's what's crazy. During this time, if we go from 70 till today, 1970, I ran some numbers on this. Population was 200 million. We're at 340. So we've increased 140 on 200, which is 70% population's increase. Which means this needs to be instead of 500,000 per year, needs to be 850. But we're at 55. So we're expecting these young kids to go buy a house that a 45 year old needs to buy that's been in their career for 20 years. At 28 years old kid is like dude, what do you expect me to do? I don't have that kind of money. $700,000, I cannot afford it. Right. And then you go to the next chart and you look at what BlackRock and these other guys are doing. This is deeply concerning. Watch this. This is what the investors like BlackRock and others used to invest in homes, you know, all these other things. And the orange is low price homes they would buy. Green is mid price, blue is high price. Look at the one they're buying. They don't care about mid price, they don't care about high price, they're buying low price. And now one every one, one out of every four low price homes is owned by an investor like BlackRock. You think they're buying it because they want to flip? No, they're not trying to flip. They're trying to say we're in a rental season. Guys, forget about buying a house. Just come and rent from us. We're going to keep this long term. And by the way, here's what's crazy. Do you know in many cases what they're paying for these properties? So imagine this, you're buying your house that's on the market for $200,000. BlackRock comes in and says what do you have it at 200? What's the number on this property? Right now, if we run the comps, about 190. We'll give you $300,000. What? Yeah, we'll give you 250. 300? Are you serious? Yeah. Well, Mr. And Mrs. Jones offered me 195, and me and Mary were going to consider it. Forget about them. We'll give you 250. Oh, here you go. Wow. What a nice company BlackRock is. I'll take that additional 50. And they're thinking, this is fantastic. No, this is what's going on. So for us. And you're going to see where I'm going with this time. I'm sitting here thinking about a solution for this because right now, out of America like this is, this really concerns me because we run an agency, 60,000 agents and our audience, they want to. You know, I used to be a regular guy. My dad's a 99 cents or cashier. Do you know what percentage of America is developed, like urban, like people live in there? 82% of Americans live in 2% of land. 82% in 2%. Which means what? What's going on with the other 98%?
Tom
We have a lot of land.
Patrick Bet-David
18% live in 98%. How often are we on a flight and you look down, you're like, damn, bro, there's so much real estate. What is this small little town, right? How often do we do that?
Tom
Right?
Patrick Bet-David
Watch this. Tom and I are playing poker in Arizona or Nashville. I actually don't remember where we were at. We were at this Inc 5000 conference.
Vinny
Oh, it's Phoenix.
Patrick Bet-David
Phoenix. We're at Phoenix with a great time with Mayor Maso from Frisco. It was a three term mayor of Frisco and he starts talking about Frisco. I'm like, Texas? Yeah. I said, tom, what is Frisco? Rob, can you pull up Frisco's population in 1990?
Will Cain
Okay, you know where I'm from, so watch. I'm not from Frisco, but 30 minutes away.
Patrick Bet-David
Okay, so check this out. This is Frisco's population 1990, only 6,500. Okay, Rob, can you go pull up Frisco's population today? Go type in Frisco's. No, that's not a good Frisco. Okay, if you go 2024, go to 2024. Frisco's population 2024. Look at this. 234,000 people today.
Will Cain
Home of the Dallas Cowboys, Dallas Stars, Texas Rangers, minor league FC Dallas, PGA Jamba Jews.
Patrick Bet-David
All these other guys, right?
Vinny
Okay, they're within shouting distance. Of their own US Representative.
Patrick Bet-David
Guys, how the hell did this happen?
Will Cain
When I grew up, Pat. A Dairy Queen and a brothel. That's it. That's it.
Patrick Bet-David
Great city. Fantastic. Right? First you go one place and you go get to Dairy Queen, grab a.
Tom
Sunday work that both.
Patrick Bet-David
Worked at both. But you know. Well, you know what the point is, here's, here's the moral of the stories. If somebody from the Trump admin administration is watching this, let's just say. And you say, okay, what do we do with this California? Everybody used to live in LA. I can't afford to buy a house in LA. By the way, in 1990, the average house in Frisco was $58,000. You know what the average house right now is in Frisco? 699. From 58 to 6. How many people think can buy a house in Frisco today? Okay, $699,000. $672,000 last. Okay, 672 today. 672,000. It used to be $58,000. Moral of the story, Tom, when people couldn't afford to live in la, where did they move to? The Valley or a little bit north.
Vinny
Of that Valencia, where they would go Orange County. You went towards San Bernardino.
Patrick Bet-David
That's right.
Vinny
But you go Riverside.
Will Cain
This is Orange county, by the way. I know you're looking at first or.
Vinny
You went toward Thousand Oaks before Amgen caused the prices to go up. But you went out.
Patrick Bet-David
Now they're looking at Prosper. Now they're looking at other.
Will Cain
I used on the newspaper and Prosper.
Patrick Bet-David
Did you? Yeah. That's where Deion Sanders houses that he put them. Yeah.
Will Cain
Now it's behind a supermarket.
Patrick Bet-David
So I think, I think a part of this, I, I'm, I'm, I'm of the kind that I don't even want to allow the younger generation to have an excuse because I never wanted it. Like, we grew up with nothing. We still figured out a way to make it work. The right people got to figure out a way to make it work. But it's also our job to make the country a better place for the next generation. I think we got to take that 55,000 starter homes. We're building to a million for a few years because we're. Our home shortage right now used to be 2.3 million. We're at 7 to 8 million. What are we talking about? There's plenty of land. Some investors need to sit there and say, guys, 1400 square feet, start a home. $180,000. Come over here. 2.4 years to save your money, put a down payment, get in here, you and your wife, let's grow the city, let's create some jobs. Maybe drive 30 minutes to your job, maybe drive 40 minutes to your job. We'll bring more businesses. When we do, you'll get the job here in town and then we'll develop that sell division. I don't know if I was a governor, if I was a president, or if I had a job like that. This would be a very, very interesting direction to go because the younger generation will love you forever if you create the right policies and opportunities for this. It's my thoughts, Tom.
Vinny
I completely agree with that. Because right now what it, what is happening is that the older neighborhoods are the ones that, and I don't mean old, decrepit, I mean the older neighborhoods are the ones that are getting bought up. It's like if you look right around.
Patrick Bet-David
You going after older population, like, like nanas. And like older people are crepit.
Vinny
Nana should be recycled.
Patrick Bet-David
You know, respectful podcasting you're going after.
Tom
There's children.
Patrick Bet-David
Forgive his edginess today, but do you.
Vinny
Know how many people need organ donors? We gotta, we need, we need a supply. We're short of kidneys. So the older communities, the older communities are the ones that get bought up. And that's where these, you know, 17002000 square foot homes are that Blackrock owns big blocks of that become your rental communities. And that's, that's reality where it's happening. And when you get upset at a mayor or a governor who says, hey, you know what up in Boynton Beach, I'm going to give a tax incentive for somebody to put 2,000 jobs in here. Don't get upset at that company. Put those 2,000 jobs there. Because now you've got jobs out of the big urban areas of Fort Lauderdale and Miami so that you can have good jobs there for people could live in areas where the home is less expensive. So if you go further and further and further out, the debate becomes, oh, you know, carpool lanes, transit, rail, how do these people get to work conveniently so that they're not spending their life in commuting? And so I think when you hear governors that are trying to make this mix and you complain about a tax incentive for a business to move jobs out to where these houses are, you should shut up because you don't know what you're talking about. That's exactly where we need the jobs out near the homes that cost a little bit less. And we need to Incentivize building back towards city centers where there's been industrial areas that have been reconstituted. You can look at case studies all across the United States that they did in Pittsburgh. They have a bunch of very affordable townhouses downtown.
Patrick Bet-David
I agree, by the way. There's something about being part of building a, you know, a town. But by the way, I think for Lauderdale is going to blow up. I think Fort Lauderdale is going to blow up. And here's why I need new mayor. Well, we're going to help with that, but I think for Lauderdale is going to blow up. And I'm going to tell you why I think Fort Lauderdale is going to blow up. The reason why I think Fort Lauderdale is going to blow up is because guys in Palm beach can't afford the houses there. Guys in Boca can't afford it. Guys in Miami are like, listen, I got to figure out a different place they're going to come here for Lauderdale in the next 20 years. Could be the LA of Florida.
Tom
I think so too.
Patrick Bet-David
And by the way, because Miami is Newport Beach, Miami is not la. People think Miami's la, Miami's Newport Beach, Miami is. Miami is Highland Park, Miami is, you know, Miami's a different. But I think this place for Lauderdale and obviously will help turn it into the element of the media side. Burbank of East Coast. But that's exciting. But let me go to the next story here. Here's the next story. Talking about Hollywood, Ben Affleck. I watch in a movie, the Accountant, one of my favorite movies this guy's done. It's a freaking amazing movie. This guy, forget about his politics. He. In my opinion, whether you like it or not, I love the way this guy acts sometimes. I don't think he's acting. I just think he's being himself and he's tapping into challenges, upbringing, whatever he had, he gave an analysis. Have you seen this, Vinny, or no.
Tom
I haven't seen it.
Patrick Bet-David
Vinny, you have to see what he says. He gave a breakdown on AI going into Hollywood in ways I've never seen anybody explain. And just listen to the way he presents his argument, like a lawyer. Rob, go ahead and play this clip. I want to.
Vinny
As we kind of wrap up here.
Patrick Bet-David
I do want to come back to AI. Jerry, you mentioned it, but you know, Ben, how did you know earlier you guys weren't here.
Vinny
We did a demonstration.
Patrick Bet-David
My colleague Andrew Sorkin and I recreated ourselves and our voices.
Vinny
How do you see it? I mean, is it a benefit or.
Patrick Bet-David
Is it a real threat?
Vinny
Is it possible that a Netflix could.
Patrick Bet-David
Say, you know, we're going to do our own, excuse me, James Bond thing.
Vinny
Out there with a bunch of actors that are completely recreated for this market or that market?
F
A, that's not possible now. B, will it be possible in the future? Highly unlikely. C, movies will be one of the last things if everything gets replaced, to be replaced by AI can write you excellent imitative, imitative verse that sounds a little beaten. It cannot write you Shakespeare. The function of having two actors or three or four actors in a room and the taste to discern construct that is something that currently entirely eludes AI's capability and I think will for a meaningful period of time. What AI is going to do is going to disintermediate the more laborious, less creative and you know, more costly aspects of filmmaking. That will allow costs to be brought down, that will be lower the barrier to entry, that will allow more voices to be heard, that will make it easier to for the people want to make good will huntings to go out and make it look. AI is a craftsman at best. Craftsmen can learn to make stickly furniture by sitting down next to somebody and seeing what their technique is and imitating. That's how large video models, large language models basically work. A library of vectors of meaning and transformers that interpret context, but they're just cross pollinating things that exist. Nothing new is created.
Patrick Bet-David
Not yet. Not yet. Yeah, not yet.
F
And really in order to do that look craftsman is knowing how to work. Art is knowing when to stop. And I think knowing when to stop is going to be a very difficult thing for AI to learn because it's taste and also lack of consistency, lack of controls, lack of quality. AI for, for this world of generative video is going to do key things more. I wouldn't like to be in the visual effects business. They're in trouble because what costs a lot of money is now going to cost a lot less and it's going to hammer that space and it already is. And maybe it shouldn't take a thousand people to render something.
Patrick Bet-David
There you go.
F
But it's not going to replace human beings making films. It may make your background more convincing. It can change the color of your shirt, it can fix mistakes.
Patrick Bet-David
I should really like. You know, you can pause it right here. Vinnie, your thoughts on this first Pat.
Tom
That audio guy, horrible.
Patrick Bet-David
I just, that's you're in the business of sound and how do you screw up the mic and put it the way you put it? You got fired.
Tom
But no, but I, I, I agree with Ben 100. I agree with the acting Patoo. And it's like, that's what's the pro. That's what has been the problem for the past 15, I want to say 20 years. There's no will, there's no. Everything is Avenger. Oh my God. I can't wait for the ninth one to come out. And it's visually. But when's the last good movie, good acting Pat, that you've seen? Like when's the last time you were like, oh my God, this is like one of those movies.
Patrick Bet-David
Not, not like a wonderful movie. I watched the red one with the rock that just came out. You know the, the movie Holiday one. Him and how Holiday what took the boys. You know, when I go to movies with these kids, they make fun of me because I, it's my opportunity to sleep. I take a 30 minute. I'm not even kidding.
Tom
I know.
Patrick Bet-David
I love movies because you and I, we've been, we've been through this many times. But I actually stayed up for the entire movie and I texted the DJ and I told him, I said, listen, phenomenal. The kids were ranking the movie and they're giving them a grade on text.
Tom
Oh really?
Patrick Bet-David
Hey Dwayne, I thought it was an 8.75. Would you watch it? I would watch it again. It was an action movie. It was good. But are you talking like born on 4th of July? Are you talking about like Armageddon? Are you talking about stuff like that?
Tom
Yeah, I'm talking about good, good acting where there's real emotion. And he, and he makes a great point. There's so much that a, a robot can do in the visual effects and the graphics. But like real simple, emotional, human emotion movies. You know, like he said, Good Will Hunting, Scent of a Woman, even Little Miss Sunshine movies where you like, you get a woman. Oh my God. Like, but, but all those movies you get emotion, you get attached to these people. I don't think AI is going to be taking actors roles, but the behind the scenes stuff like we talk about Pat, the editing, the visuals, all that those people could be concerned, but especially as an actor, that's a good, that's a really, really good sign. And very, very well.
Patrick Bet-David
What do you think about what he said?
Will Cain
Three things in the style of Patrick Bet David or Ben Affleck, abc. Hey, I think Ben Affleck is an incredible actor. I don't care about his politics like you. When he's in something, I probably am clicking on it to watch. There's a few of these guys the highest of which is Denzel Washington. I don't care what he does. I will be watching. Ben Affleck is in that category. He's a really, really good actor. B movies are way too expensive, and that's because of capitalism. Capitalism is the best system of economics we've ever developed, but it doesn't mean it's perfect. In pursuit of the dollar, you get sequels, you get known quantities, you get characters, you get repetition. As he points out, you've lost the goodwill huntings of the world. They're cheap to make, but they're not guaranteed blockbusters to make money. On the back end, that cost comes down. With AI we can now get more entry level movies. We get better art. C. This is the most important one and I'm going to explain why. The AI limitation is deep, and this is about like talking about the God particle or where creation comes from, both on a universal scale and within each one of us. Where do we get inspiration? Where do we begin the process of creation that is not part of AI And I don't think it will ever be part of AI that is deeply human to begin the process of something not, as he points out, combine things that already exist. You can do the mathematics and you can do the AI and scientists ultimately get back to the God particle. Yes, but what is the soul of the thing, the universe, the beginning, whatever it may be. And it leads you to faith, it leads you to the existence of God. I think it applies on the human level as well. What happens when a human being sits down with a blank piece of paper? Something has to happen that AI cannot do yet. And I don't know that it ever will be able to do because all it is to his point is accumulation of knowledge. And there is some creation in taking two ideas that are seemingly unrelated in putting them together. But there is something unique to the human experience that he's talking about that will not be replaced by AI Thoughts?
Vinny
I agree. AI can take what is known and do it faster, more efficiently and better. Because if you take a look at it and you back up, what is AI? Well, AI is nothing more than taking large language models, which is basically big stacks of existing, pre existing and done, finished, resolved stuff, assimilating it and then bringing it back. You teach it to program, it programs faster. You teach it to assimilate facts, it assimilates facts best, better. You teach it about the framework for a narrative. It'll take facts and build you a narrative better and faster. But what it won't do is it won't create. And people say, well, it creates a document out of those facts. No, it created a better document out of the known facts. It created a more smoother and faster code out of a known structure. And you asked it build me the code to make an app that very simply does this or this even more complicated. What it doesn't do. And you call it the God particle. It's the creative part. The creative part of humanity. It does not scan the universe and say, wow, what if we gave people a microwave oven? A microwave oven would help them save time cooking, right? It doesn't think that way. That's not the way AI works. There's a lot.
Patrick Bet-David
What would Musk say to us? Meaning you remember the one. Sit down. That Musk had with Jack Ma. Rob, can you go pull up this clip with Jack Ma and Musk? If you type in Jack Ma and Musk. I don't know. I'm sure you guys have seen this. Where can you zoom in to see what it says right there? I just want to see what the. Zoom in so I can see the words. Rob, I'm 46 now. I'm not. Okay, there you go. I can't. That's in Spanish. Communos. Okay. Right there. Right. That one's good. That one's good. Rob. Rob wants. Rob not only wants me to.
Will Cain
Eye drops.
Patrick Bet-David
Yeah, go to that one. Rob.
Will Cain
Some eye drops in Spanish. I don't know what's the one that's.
Patrick Bet-David
Watch this, folks. Watch this. I hate the word AI called artificial intelligence. I call it Alibaba Intelligence. Yeah. Look at Musk. Might.
Will Cain
Might end up being true. You never know.
Vinny
It's so difficult to predict the future. 99.99% of the predictions the human being.
Patrick Bet-David
Had in history about the future.
Tom
All wrong.
Patrick Bet-David
Including that one.
Vinny
Oh, yeah.
Patrick Bet-David
Only you know, the 0.00% of the prediction are right. You know what? You know what that body language is? Yeah. But it's also true that you're not. Statistics are false.
Will Cain
Yeah.
Patrick Bet-David
So my meaning. Come on, guys. No, no, he's realizing. Actually you're not on my level of intelligence. No, you can keep playing it because it gets to. I just came back from there. So I'm more interested on the Earth. The things. What's going on happening here.
Will Cain
So what.
Patrick Bet-David
Why are you so curious about the Mars.
Vinny
Just the one step.
Patrick Bet-David
You go to Mars, but you will never be able to come back. Yeah, that's my view. How it works though. And you can pause it right here. Okay, so watch this. The guy to the Left is worth 60 billion, give or take, probably more today. Type in Jack Ma's net worth, Rob, if you could. Jack Ma is probably worth Anywhere between 55 to $100 billion, you know, depending on what the market is right now with Alibaba. Let's. Okay. Oh, well, he's lost some money, guys. Let's start a GoFundMe for him. Send him five bucks. Okay, so he's worth 24 to go.
Vinny
Find me CCP.
Patrick Bet-David
Now, here's the thing that is a perfect example of where one guy sees the world from a different lens and the other guy sees it from a different lens. A German philosopher once said, if a lion could speak, the world could not understand him. So Elon Musk, if he was to be sitting here, he would say, you guys are naive. What would Elon say to Ben Affleck? Would Elon say, are you out of your mind? Do you know the stuff that we're building, the types of stuff these guys going to be able to be able to write and the types of emotion they're going to be able to put into this? I don't know. But what I think is if. If you. And I thought Google was sick the first time somebody came. I'll never forget the first time somebody came and said, did you Google it? I said, what the hell is that? Go to google.com. i went to google.com. i'm like, this is bullshit. They're just copying Yahoo. Look at his two O's. Google, Yahoo. Oh, they're just trying to be Yahoo. It's just. This is not going to do anything. Yeah, watch. But this is just a box. Yahoo has Yahoo Horoscope. Yahoo has Yahoo Finance. Yahoo has Yahoo Sports. There's nowhere to go. Google something. We're like, wow, that's crazy. And then the first time somebody said, chad, gbt. And then somebody said, why don't you write a rap song of Tupac and Trump combined? And you're like, damn, that was actually pretty good within 30 seconds. So I don't know. I think only the paranoid survive to be fully there. To think that AI today is the best version of AI we're going to get. I would. I would say stay paranoid, stay nimble, because you have no idea the limits that technology has. And often when we are part of the camp that think our, you know, whatever we're doing is so we're so amazing that we're always going to be needed. Here's a talent, here's an artist. The argument that Ben Affleck's making And I want to agree with, with them. I want to agree with the fact that he's saying, you know, the, the, what do you call it? This, the, the special effects guys, they're going to get destroyed. You don't need a thousand people to design this. I'm going to be able to do it within a hour and I'm going to give it to you. Spit it out. Maybe a better background, but who knows? We're going to find out in 10 years who's right, whether a guy from Musk side or the other side. Rob, I want to go to a couple other stories before we wrap up. Okay, so if you can go to Twitter, go to my Twitter. Rob, just a few days ago we saw this New York Times. Biden allows Ukraine to strike Russia with long range US Missiles. With two months left in office, President for the first time authorized Ukrainian military to use the system known as the ATA ACMS to defend its forces in the Kursk region of Russia. This is when. This is 17th. Today is what, 19th? Two days ago. Go to New York Times 33 minutes ago. Watch this folks. Ukraine fired U. S made missiles into Russia for the first time. Officials say the attack came just days after Biden gave Ukraine permission to use the weapon to strike targets inside Russia. Now Zelensky comes out and says the Ukraine Russia war ends faster with Trump. Rob, if you got the clip, play this clip for him to be. I think Trump's going to do something about it if this is not this one. Rob, it's. Is that the clip that you have?
Vinny
I do. It's Donald Trump explaining the escalation between Ukraine.
Patrick Bet-David
Okay, go ahead, go ahead and play. I think this thing got like 60 million views. Go ahead and play. We have never been closer to World War 3 than we are today. Under Joe Biden, a global conflict between nuclear armed powers would mean death and destruction. When this rock, this is yesterday unmatched in human history. It would be nuclear Armageddon. Nothing is more important than avoiding that nightmare. How long is this, Rob? We will avoid it about six, we need. Okay, so you can pause it right here. Go to a clip. ROB OF Anyways, in this story that I'm saying is the fact that Zelensky is saying it's going to end faster with Trump being then he's going to end the conflict. This is a Forbes story that Zelinsky is talking about. It was written all over the place. But Putin in October or September made a very clear comment that if you allow these guys to use these weapons against us, we'll be willing to resort to nuclear like we're willing to go nuclear. Putin is saying this, by the way. We're in it right now live while we're doing a podcast. This is going on. So somewhere in Russia, Kremlin, wherever it is, Putin is sitting with his handlers and his people saying, what are we doing next, Will? What do you think happens here?
Will Cain
So I think Biden is playing with fire, but it might not be the raging inferno we're afraid of just yet. Today on the Will Cain Show, I will have Erik Prince on. I spoke to Erik recently and asked him about this. Erik Prince is the former founder of Blackwater, incredibly intelligent when it comes to global affairs and warfare. I asked him also about the fact that North Korea is devoting 100,000 soldiers to Russia as well. Here's Eric's response to those two things. That's fodder. North Korea, North Korea devoting soldiers to Russia is basically human fodder on the front lines in Ukraine. Secondarily, he said these missiles that are being used are not top of the line stuff. It's not, it's not the muscle. The United States could be allowing the Ukraine to fire into Russia. So maybe perhaps not the inferno that we're afraid of, but still playing with fire. Biden and the geopolitical establishment in Europe and the military industrial complex here has a hard on for. They just simply do. And this is one of the biggest reasons the American public wanted to bring in Donald Trump. I have full faith that the negotiator, the strong man, the clear leader, that is Donald Trump, will be able to keep this from metastasizing into World War three. I think Putin knows it, I think Zelensky knows it. And I think we're headed towards a peace deal, hopefully even before Donald Trump takes office. Because as Tom pointed out earlier, the dominoes are falling. The world sees the next step for the United States and people are from Lunchables to Russia. They're getting the world in order.
Patrick Bet-David
So I know what Eric says. You know, the fact that, hey, these are not the best missiles. We're not using our best. All this other stuff go optics. Your name is Putin. There's power plays going around the world. You have to seem strong in front of your people. Two days ago, Biden's giving permission. Two days later, boom, the headline says those missiles have been fired.
Will Cain
And that's why he's playing with fire.
Patrick Bet-David
That's the point. So Putin doesn't care if it's a 1990, the highest latest 2024 that they just build with the highest tech, not whatever Putin doesn't. All he cares is you gave him permission, he took advantage of it. During the time that we have a President elect Trump, this is your last 60 days that you're doing this. No problem. Tom, what do you think is going to happen?
Vinny
Well, Russia has been fighting mostly a ground incursion strategy, right. You take a look at it. It's moved the line because this has been a let's take their land war from the beginning, right? I mean Crimea and everything like this in response to and spurred by, you know, Ukraine possibly joining NATO and all those things. So it's historically that's my frickin land. And NATO is going to make them join.
Patrick Bet-David
No, no, no, no.
Vinny
I'm not having that. So this has been a land war. This has not been a we're going to drop a bunch of crap on Baghdad, make a point to Saddam Hussein and then go home and then let them rebuild their country. This is a land grab. So he's been doing conventional and what he hasn't done, even though you've seen the devastation in cities that have been along the way, he has not gone to major, I mean you see pictures today of major population centers in Ukraine. They look like New York, right? They look like New York. They're largely untouched. He hasn't hit. And what I worry is what you say is that he's got to make like a statement strike, that he's got to come back with a statement strike. Like when? What did they try to do? North they launched in the Hezbollah and with support from Iran, they lost like 200 missiles overnight. 200 rockets overnight. And they tried to make that statement and they killed a bunch of ducks on farmland. But they were trying to make a statement about all these. To your point, he's got to make a statement and the concern is what is he going to do to make a statement that I'm still strong and not to be screwed with while I believe the world waits for Trump to take power because this wasn't the most high tech stuff, but there's an optic that's not good for Russia.
Tom
I mean how about this? Anything with somebody threatening nuclear attack, to me it's already a red flag. We're talking about, we were warned about Trump doing all this. They're doing it. And that the headline I think is misleading. Joe Biden, blank, blank, blank. Joe Biden, as we all know, hasn't made any decisions since he's been in. Okay. And this is why it's so important about the Cabinet that he's picking Will. That's. This is the most important thing, because who's going to be Mark Rubio we're talking about? Anthony Blinken is in front of a camera three days ago going, hey, guys, we got to get 8 billion to them before January 20th. They're rushing the money. These guys are in charge. The Blinkens are in charge. They're the ones that are responsible for the 13 dead American soldiers in Afghanistan. These are the people. Tulsi Gabbard, like, who's the person that's in right now? Avril Haynes. You know, all the spy balloons, all the Russia. How do they not anticipate all these attacking and everything? Meanwhile, you know where Joe Biden is, Matt? He's in the Amazon dressed like Crocodile Dundee. Have you seen what all this is happening? Like, look at Joe Biden. Is this a movie scene?
Will Cain
Look at this guy where his shoulders go.
Tom
Look at like. But look at how. I mean, look at the lighting. Everything is good. This looks like a joke. It looks like a. Look at this. You think that guy's making the decisions? It's the Tony Blinkens. It's the Jake Sullivan's. It's all these people that are making all these decisions. Last minute, where's he walking to? Where the hell is he going? That's Crocodile Dundee.
Patrick Bet-David
You know. You know what it is, though? Think about Vinny. This is kind of weird to me, and let me tell you why. Let's just say you and I were enemies. Okay? Okay. And I come out to you and we have dinner. Me, you, and your wife.
Tom
Okay?
Patrick Bet-David
Okay. And now it's like, hey, we're laughing. We're having a good conversation. All good. Hey, bro, listen. I know, you know, you took my job four years ago, and I'm coming back. And I'm not really taking your job, so I'm really. You should have stayed in it. But they kind of took away your job, and I just beat this other person. But, bro, it's not fair what they did to you. It's kind of effed up and. But listen, respect to you. 45 years, you gave awesome lots of respect. And I'm leaving. I'm in my plane. I'm going to a UFC fight to go hang out with Jon Jones and Dana White and everybody else.
Tom
Yeah.
Patrick Bet-David
And then I hear the next day, while I'm talking about, we're going to create a peace treaty and we're going to make Ukraine and Russia get along, you're now given the green light for them. To do that. Huh? Then two days later, Ukraine actually executes on your permission that you gave me. Then I'm Trump coming out and saying, joe Biden is about to cause World War Three. What happened to that meeting that we had? So this makes me a little bit uncomfortable to know what the hell just happened. I thought we had a good conversation together. So this is either a few different things. To me. It's either one, what you said, Joe's not doing it. Everybody else that's in there is making a decision. They're saying, hey, let's sell a few more missiles. Let's cause a little bit more of this that's taking place. Two, maybe, just maybe, Biden is trying to intercept of this war being done early by him getting ahead of it so Trump doesn't get that victory. How? I don't know how you go about doing it the way that he's trying to do it right now, but it makes me very uncomfortable that it happens a day after you and I visit, two days after you and I visit. And I thought we had a cordial conversation together, and then you come out and do something like this or c.
Will Cain
Provoking an escalation from Putin that denies Trump the ability to negotiate a peace on the war they want to continue.
Patrick Bet-David
But let me tell you how that works. A guy like Trump is not going to worry about that. Here's. Here's how guys like Trump are wired.
Will Cain
But we're trying to get to Biden's motivation from that meeting.
Patrick Bet-David
I totally get it with you. But what they don't understand is Trump is already probably talking to Putin.
Tom
Yeah.
Patrick Bet-David
And their camp is already talking, and he's already talking to Zelensky. You better believe they're having those conversations. So they're probably saying, dude, Putin is probably saying, dude, this guy's going to get in. What the hell is this other guy doing? Get out of the way. What are you doing? What are you doing with all this stuff right now? So I don't know, by the way, if this shit backfires and Putin's in a meeting right now and he's sitting there saying, you know what? I've had it. Light those people up. Light them up. If he does, guess whose hands that blood will be on. Biden and all his blinkens. All those guys that want this, they're going to have that blood on their hands, not anybody else. I don't understand what's going on over here. I don't think it's a good move. I want to finish up with a story Selfish story, Sports story. Because, you know, for me, I love watching you on espn. I thought you were fantastic on first take you and I thought you made it more exciting. Like, I liked watching you being on there and the fights and all the stuff that was going on. It was you, him, and who was not Skip, but Max, Max Kellerman. I thought it was a great combo, right? ESPN made a massive mistake not allowing some conservatives to be there to give their argument. Massive mistake. All of a sudden I started seeing certain guys disappear. What the hell is going on over here? Why is it only this? But there's a number that came up that I want to talk about. World Series right there, Rob, if you want to go to it. So World Series drew larger audience in Japan than NBA finals did in U.S. this year. Okay? The 2024 World Series Dodgers, Yankees average 12.1 million viewers in Japan, surpassing 11.3 million average viewers in the U.S. for NBA Finals. In Game 5, U.S. drew an average of 18.6 million viewers across Fox platforms, okay? Making it the Most watched Game 5 on Fox since 2017. Globally, the World Series averaged over 30 million viewers across North America and Asia. In the U.S. the series averaged 15.8 viewers per game, the highest since 2017. Game 5 numbers representing a 58 increase from last year. Rangers Diamondbacks viewership peaked between 11:15 to 11:30 as the Dodgers clinched the whole thing. Right. Now, as a guy who's a Yankee guy, I watched this and I saw the stat here. 2024 World Series 15.8 million. 2024 NBA Finals 11.3. Shaq yesterday has given his commentary on it. They're saying they believe the three pointer has destroyed the game. Shaq's blaming Steph Curry and all these other guys yesterday. I don't know if you saw or not. James Harden just passed Ray Allen. He's now second place. Steph Curry sitting at first place. He's got a thousand more three pointers than James Harden. But yesterday they're playing against each other. And it was a moment that Steph Curry and the two shared together. Why do you think the NBA product is as shitty as it is today?
Will Cain
Let's start with what's so good about the Major League Baseball in the World Series. It's obvious, but needs to be stated. You had two effects taking place. One, the two biggest markets in the United States squaring off for the World Series, Louisiana And New York. Second, the biggest global superstar in that sport. And that explains the ratings in Japan. Shohei Ohtani for the Los Angeles Dodgers for sure. On the NBA side, the thing about NBA and this took place while I was at espn, there's a wishful thinkingness to the NBA. For years I would appear on first take and debate people about when the NBA was going to surpass the NFL. There was people that with a serious and straight face made the argument that it was on the path and would soon have bigger raise the NFL which is an absolute joke of a take. It's not even in the same stratosphere as the NFL and that's honestly pat because of cultural issues. Wish casting the NBA into popularity. I love the NBA. I love all sports. But my teams were in both of those finals a year ago, the Texas Rangers and this year the Dallas Mavericks. But the NBA is a niche sport compared to the NFL and their lean into culture and Black Lives Matter I truly do believe hurts that product and it will continue to hurt that product. I think that's much more to blame than the three pointer. I actually think that's an entertaining aspect to the game. I think Steph Curry is not just a superstar, but he's revolutionized basketball in a way that will go down in the history books. And by the way, it's not just basketball. He's like soccer. The idea of managing space and off ball movement is the revolution in sports. And the NFL by the way, spreading out defenses. So I don't agree with Shaq. I think the NBA's problem is a it was never as big as everybody wanted it to be and B, it picked one side of the aisle. It said we want to be here for this. What turns out to be not 50% of America but about 40% of America.
Tom
Yep. And you nailed it. When you have somebody the face of the NBA which is LeBron James, I mean let's, let's just face it. When you have that guy uneducated and you tell every look at every Google, every time he has a book in his hand, it's always on the first page as is he like he's going to read the whole thing. The most divisive like race baiting a bitter. Anything that something happens negative. He always has to go to the race and it's unattractive. People don't want to watch that. People go to sports will as you know to escape from everything. When I do stand up, when I do comedy, when I do our sketches, that is for people to get away from everything and laugh and enjoy. When I'm at a basketball game and I'm watching the main guy on there, that is just the most Divisive guy. That and what sport? Name one other person that's like him that anything. Something comes up. He's talking crap about cops. What was that tweet that he did rob where he kind of. He wanted people to go after the actual copy that legally shot. I forgot her name. Brianne or something like that.
Vinny
McKay Bryant.
Tom
McKay Bryant. He deleted this tweet.
Will Cain
Stabbing another girl.
Tom
Yeah. And he was posting about the officer, like, basically like not threatening him. But the guy did his job. A girl took a knife and tried to stab a girl and he shot. I think this is one of the main reasons, Pat, that people don't want to watch.
Will Cain
One more thing, Pat. This goes back to what you were talking about media. And then I think it was underneath the surface of us talking about Ben Affleck. The NFL created a product that's incredibly unique. It's not star driven, it's laundry driven. We root. You root. I think you might be a Dolphins fan, but you're going to root for the Dolphins. Yes, you may vacillate if Tua is the quarterback or not, but it's not really about the guy. You. I root for the Cowboys and the Longhorns and they change players every three, four years and it doesn't change. The NBA and to some extent, Major League Baseball are star driven enterprises. You need to have the star. Maybe they need to check off the checklist you rattled off earlier, Pat, like likeability. But the NBA saw Jordan peak. That was it. It was driven by one man. You couldn't have paid him enough money, honestly. I agree with you about LeBron, but it's been driven now for two decades by LeBron. The NBA Finals. I love him. I love Luka Doncic. I like Jason Tatum. Not a star on the same level as Jordan and LeBron. And if you have a league predicated upon stars, you don't have your star in the final. That hurts your product.
Patrick Bet-David
By the way, let me just read this quote that he says. And Tom, I'll come to you. This is what Shaq said. He was asked, you know, what's the reason why NBS had it hit? He says, for me, the three point shot is the single worst thing to happen to the basketball in my lifetime. And let's back it up with a little bit of history. The ABA did not introduce the three point shot. The ABA absorbed the three point shot. The three point shot as we know it is a gimmick of a promoter. I would repeat that, folks. It was not asked for by anybody in the NBA. Was the gimmick of a promoter. That man being Apex Saperstein, the impresario of Harlem Globetrotters who founded our league in 1961 called the ABA, he hoped would be in opposition to the NBA. That league lasted a year and a half. It folded in the second year. But he got a three point shot because he needed a gimmick. And then the NBA took it. Avalon said that there will probably be a four point shot in my lifetime. And the three, three isn't going anywhere. And that's the game here. What it does is it distorted the game at every level. Tom, your thoughts on this here we're also talking about.
Vinny
Let's, let's talk about one thing about baseball. You're talking about the country Japan that has an amazing love affair with baseball. They have such enthusiasm for it. And it has long been a place where great Japanese players come to the MLB and make big salaries and a journeyman, 33 can go play in Japanese baseball or an exiled one, Trevor Bauer went there, was beloved and you look at what was going on. They loved him, they loved his antics, they loved the sword. But also you have to remember beyond Shohei Otani, Yoshinobu Yamamoto, who came to the Dodgers, what is only 26, but he was the three time Cy Young Award winner, their equivalent of the Cy Young in Japan. Hideo Nomo had come to the Dodgers long ago. Hugh Darvish is with the San Diego Padres. There is a love affair with baseball, but more importantly the acceptance of Major League Baseball that has had this exchange system where you know, your younger incredible players can come to an amazing high wattage stage in Major League Baseball in the US and make bank, as we've seen. And also American players go over there. When I was growing up, there's a guy named Cromarty, Warren Cromarty, Warren Cromarty, the Hawk. And he went over to Japan and had resurrected his career for the last four years. And he hit these blistering shots over there off the junk ball pitchers and they loved it. They. And it was beloved. So you're also talking about Japan that has had this natural love affair with American baseball. And this was like a triple word score for them, the Dodgers, the Yankees, Shohei Ohtani first. But don't discount the love they have for Yoshinobu Yamamoto who many of them were very sad to see him come to the America. Oh couldn't he stayed here for a couple more years. But we know he came to the Dodgers and make bank. So there is that beyond all the stuff that's going on, you look up the hawk, Rob.
Will Cain
That's who I thought of. Andre Dawson, I don't know this Warren Cromartie.
Tom
I know he just goes, look at that guy. Look at that stash.
Patrick Bet-David
Yeah. I mean, look, you know, to me, a part of it is the NBA All Star game sucks, but most sports All Star game typically sucks. Baseball is cool with the, you know, Home Run Derby. They change it up a little bit. It's still exciting. But the NBA All Star, they did it good a few years ago when they had the, you know, fourth quarter was the best defense I've ever seen in my career. Being played by superstars on both ends. It was like, Whoever gets to 157 first freaking love that fourth quarter. I think it was six years ago. Giannis was against LeBron maybe five years ago was fantastic. But I think today's product is boring. I think players on the season don't play the way the other day. Who's the center from 76ers? What's his name? Embiid. It's like, you know, he wants to play every other game and I don't want to play. It's such a player driven league today that it's no longer a fan driven league and the fans are simply not interested. I don't watch it anymore. I don't want. I, by the way, I was an obsessed NBA guy. I could care less about the NBA in the finals. I like Luca. I like how he plays. He excited. He's an exciting player to me. Boston Celtics, super boring team, super boring team. They're like the Spurs. If you look at the spurs in the finals, they never got ratings. All layups and they were super boring. The only ones that they got ratings because they played against LeBron, something like that, Ray Allen, that whole team that they had that was exciting. My team before I wrap up was the Bills. When I first came to the States in 1990. I like Thurman Thomas, I like B.B. i like Bryce.
Will Cain
Pop, I like okay, Bill.
Patrick Bet-David
Then I became a Dallas fan, Cowboys. But today, if I tell you who I like today, in our family, we root for one guy in the NFL today, and his name is Joe Burrow. And Joe Burrow is number one in yards, number one in touchdowns, number one in touchdown interception ratio, Jamar Chase, number one in yards, number one in touchdowns.
Will Cain
And still can't win.
Patrick Bet-David
And they still can't. Four and seven, they can. They missed. The guy missed two field goals yesterday. Jamar Chase called his ass out. Jamar's probably not going to be coming back. I don't know how good of a player he is.
Will Cain
You're not an NBA. You're a Heat guy though.
Patrick Bet-David
I see. I was a Laker fan till the day LeBron showed up. A Die Hard.
Will Cain
But I know you're Yankees.
Patrick Bet-David
Oh, I am Yankees. I'm all the Yankees. Yeah, for sure. I'm all the Yankees. If the Dodgers play anybody else, I'll root for Dodgers. Except if you root for rankies. If you play against if you play against the Yankees, you play against the Yankees. I'm going Yankees. Anyways, Will, it's a blast having you on, folks. Tonight again, 6:00pm Eastern Standard Time VT webinar. Get registered, put it in your calendar and make sure we're going to put the link to the Will Kane show. Go check him out. YouTube. Rob, please put it all over the place so they can find it. Go subscribe to him. I've been watching his stuff for years. I just love your commentary and your view and the angle you present. And I think you do a great job. You did an interview with the Rock, I think a year ago, maybe, maybe 13 months. Six months ago, yeah, where you asked him a question. Will he be voting the same way again? And he says, I will not be voting you. It looked like he didn't want to answer that question or be asked the question, but you asked it, and that was a great question to ask because of what he did in 2020 and how he changed his position in 2024.
Will Cain
Well, let me just before we go, I just want to say this. I appreciate everything you're saying, and I don't give gratuitous compliments, but I really appreciate the work that you're doing. I've been watching you guys grow, and the specific compliment is I've seen you do your interviews. You're a great interviewer. But the way you guys have divergent views on this show, you have Cuomo in, you have other guys in, you talk about me on first take. I love debate. I love the exchange of ideas. And I think one of the few places where you're able to get that today is Patrick Bet. David, my man.
Patrick Bet-David
I appreciate that. Appreciate your brother. We look forward to having you back on, gang. Take care. We'll do it again Thursday. Bye.
PBD Podcast Episode 509 Summary
Title: Pete Hegseth Tattoos, Vivek & Elon Run DOGE, Rogan Turns On Obama w/ Will Cain
Release Date: November 19, 2024
Host: Patrick Bet-David
Guest: Will Cain
In Episode 509 of the PBD Podcast, host Patrick Bet-David welcomes special guest Will Cain for an in-depth discussion covering a myriad of topics ranging from political appointments and media credibility to housing market challenges and the impact of artificial intelligence on filmmaking. The episode delves into recent controversies, strategic insights for the future, and analyses current events shaping American life and business.
The episode kicks off with the announcement that Pete Hegseth has secured a significant position, sparking both support and criticism, particularly regarding his tattoos.
Will Cain passionately defends Hegseth, emphasizing the historical significance of his tattoos and condemning the media's portrayal as white supremacist symbols. He underscores their shared military background and Hegseth’s commitment to American values.
The conversation shifts to various political developments, including cabinet nominations and the strategic moves within the Trump administration.
The hosts explore the implications of RFK Jr.’s nomination for Secretary of Health and Human Services, discussing its potential impact on vaccine and processed food stocks due to his stance against industrial food complexes and vaccine skepticism.
A significant portion of the episode analyzes the declining credibility and viewership of mainstream media outlets like CNN and MSNBC compared to Fox News.
The hosts attribute the decline to loss of trust following political losses, ineffective change strategies, and the inability to adapt to modern media consumption habits.
Patrick Bet-David presents alarming statistics on housing affordability, emphasizing the growing gap between home prices and young adults' ability to purchase homes.
Solutions proposed include incentivizing the construction of affordable starter homes, promoting job creation in less expensive areas, and countering investor monopolization to make homeownership accessible for young adults.
The discussion delves into the inefficiencies of the U.S. healthcare system, highlighting the paradox of high spending with declining health outcomes.
They critique the pharmaceutical industry's profit-driven model, advocating for RFK Jr. to focus on eliminating harmful additives and promoting natural health solutions to break the cycle of sickness and chronic medication reliance.
Will Cain and Patrick discuss the potential and limitations of AI in the creative industries, particularly filmmaking.
The conversation underscores AI's role in reducing production costs and automating laborious tasks, while emphasizing that true creative inspiration and emotional depth remain inherently human traits that AI cannot replicate.
The hosts analyze recent escalations in the Ukraine-Russia war, criticizing President Biden's decisions and contrasting them with what they anticipate under Trump’s leadership.
They discuss the strategic missteps of the current administration, highlighting the authorization of missile usage in Russia and predicting that Trump’s negotiation tactics could potentially de-escalate the conflict more effectively.
The episode concludes with a comparison of sports viewership trends, noting the World Series drawing larger audiences in Japan than the NBA Finals in the U.S.
They attribute the NBA’s declining viewership to overemphasis on star players and politicization, contrasting it with Major League Baseball’s consistent and culturally resonant appeal, especially in international markets like Japan.
Episode 509 of the PBD Podcast offers a comprehensive analysis of contemporary issues affecting politics, media, the housing market, healthcare, technology, international conflicts, and sports. Patrick Bet-David and Will Cain provide nuanced perspectives, backed by data and personal insights, encouraging listeners to critically assess the evolving landscape of American life and global dynamics. The episode underscores the importance of strategic planning and informed decision-making as the nation navigates these multifaceted challenges.
Notable Quotes:
These quotes encapsulate key arguments and sentiments expressed during the episode, highlighting the hosts' critical stance on media bias, housing affordability, the limitations of AI, and geopolitical tensions.