A (3:30)

Donnie's playing chess.

B (3:31)

Somebody send him this tweet so he can be like, yeah, well, that's what, like, you know, all these people say the 4D chess thing, right? Like, all of his supporters explain that.

A (3:38)

Because I don't know what that is.

B (3:40)

Basically like, I guess they think that he's playing chess in like four dimensions, right? So like, imagine like a chessboard, like that's like a ball, it's got to be a cube, I guess, at that point, right? Pieces are floating and so you, you know, you're doing one. People think he's doing the move for one thing, but he's actually doing it for some other thing way over there in the different dimension, right? Like, I don't know, man. I mean, like, sometimes the guy does some decently, like, pretty smart stuff, but I don't know if, like, he's a.

A (4:06)

Smart guy, you know, I totally agree, but he's not a dumb guy. Hate him or love him.

B (4:10)

He's not like, speaking of, speaking of that, because, like, one of our other news headlines is that I think Trudeau did say that he was dumb.

A (4:16)

That's right.

B (4:17)

It's in here somewhere.

A (4:18)

I'm not sure if he's allowed to call people dumb, but I, I got a question that I wanted because I know I did some research on this. But you mentioned in, in that tweet, it talks about, like, the way to create uncertainties is to get the. The bond market to stop. Start buying bonds because they're scared of touching stocks and causing yields to fall is what they need to refinance debt. But can you go? Can you. Because you're the guy to do this. What is a bond and what is a yield?

B (4:47)

Okay, so a bond is basically a government debt. So, like, when you buy a bond, you're basically giving the government money to basically giving them a mortgage. Right? So, like, consider it like a mortgage. Well, let's tie it back to real estate. We'll make it really easy to understand.

A (4:59)

For me. Yeah, for the realtors and me.

B (5:02)

Yeah. So. So it's basically like a mortgage you're giving. So if rbc, you go buy a house, rbc, JP Morgan, whatever gives you a mortgage, you're committing to pay them a yield, you're committing to pay them an interest rate, right? So they give you a million dollars to buy a real estate investment. You commit to pay them 5% per year for 5 years, 10 years, 20 years, 15, 30 years in the U.S. okay, that's you giving someone a bond. Your word, Your word is your bond. You ever heard that same thing with government. They're giving you their word, the bond is a piece of paper. That their word that they're going to pay you. This. This rate is written on, Right. And so that the yield is basically just the interest rate on that bond.

A (5:49)

Okay, make.

B (5:51)

Is that. Is that a good enough explanation?

A (5:53)

Yeah, yeah. No, it does. That was actually much simpler than I was reading. So you actually explained it better than AI, which is.

B (5:58)

Yeah, so the. So the challenge here is that, you know, there's also. So maybe let's also think about it as like a price for a property, right? So if you go buy a property, you're buying it all ca. And you buy a property for a million bucks, and it pays you 5% yield. So it's rent, or its cap rate is a 5% yield. If you pay more for that property, then the cap rate, the rent, the yield goes down. Right? So that's how yields can go down, is if people are leaving. If people are selling all the Nvidia and all their shitcoins and all this stuff and rushing into bonds because the market feels uncertain and they want the certainty of a government paying debt for the next 10 years, then that increases the demand for these government bonds. And when the demand for something increases, that means people are willing to pay more. And when people are willing to pay more, the yield relative to the price goes down.

A (6:48)

Can anybody buy a government bond?

B (6:50)

Yeah, you can go buy a government bond. Yeah, you just do it through your bank.

A (6:53)

Okay, give me an example of a government bond.

B (6:56)

Well, there's only like the government of Canada five year. And that's what. So like government of Canada five year bond yield is what mortgage rates are based off of? No, not right now, but I have, yeah, I did over the last little bit.

A (7:08)

Interesting.

B (7:08)

When yields were high.

A (7:10)

What's, what's the yield at right now? Sorry to cut you off.

B (7:13)

Oh yeah, for, for which one? So there's, there's like, there's different denominations, right? So you can get like a two year, a one year, a three year, et cetera. And the rates vary based on basically what. So this is why bonds basically communicate what the market's expectation for the future interest rate environment is. Right. So if you just Google right now US 10 year bond yield, it'll bring you a chart and it'll basically just show you the bond yield. So right now it's 4.256%. The interesting part is also, and this is again to tie it back to real estate a little bit, your interest rates that banks are willing to charge you for mortgages is kind of derivative of what your bond yields are. Because if I'm a bank, right, like if I'm Wells Fargo, whatever, and I can invest in either giving you Dave, a mortgage or I can invest in giving a mortgage to the US Government. I'm going to consider maybe you a little bit more risk. I would consider you maybe. So I charge you 1% more than I would charge the US government. And that's how banks price. So they basically price their mortgages based on typically a bond yield of the same time. So like if you're giving a 10 year mortgage, they'll go, go look at the 10 year bond yield and then they'll add a risk premium of like 1 to 2% on top of that. And that's where your mortgage rate comes from. So your mortgage rate typically is floating 100 to 200 basis points above the bond yield of the same time horizon.

A (8:45)

Okay. So the, the 10 year, I'm looking at as of March 5, 2025, which is when we're filming this, the Yield on the 10 year treasury notes, approximately 4.25%.

B (8:54)

Yeah.

A (8:55)

Is that what you're seeing?

B (8:56)

Yep.

A (8:57)

Okay, so that means if you're like for the listeners that are looking for the Americans here that are looking to get a mortgage, that means your mortgage rate would obviously be, let's say like one to two points, but what they're getting rates at like around six and a half percent right now. Or high. Six. Right? 6.7, 6.8.

B (9:12)

Yeah, exactly. So that's your 4.25 plus 2%.

A (9:15)

Right.

B (9:16)

Well, and I guess you're talking about a 30 year. So if you. I don't, I think that the. So if you go to like US 30 year bond yield.

A (9:23)

Oh, good point.

B (9:24)

Right. 4.5. So there's your 4.5 and then you add 2% to it. 2%'s the risk premium because American homeowners, they're 50% riskier than the US government.

A (9:39)

What's the 30 year yield?

B (9:42)

4.56.

A (9:44)

Okay, so it's like a fractionally higher than the 10 year. Got it.

B (9:48)

Yeah.

A (9:49)

Cool.

B (9:52)

But that also communicates. If an investor is willing to buy a US 30 year bond at 4.6%, they're basically assuming that interest rates are not going to be substantially higher or lower than that 4.6% for a 30 year period, or that they expect that if they would commit to getting that yield, like that return over a 30 year period, that they don't think that they can do something better with the money for that period of time. Because if you buy a US 30 year bond, you've just given the government your money for 30 years.

A (10:25)

You can't take it out for 30 years.

B (10:27)

I think you can, but you pay a huge penalty.

A (10:29)

I didn't know that. Okay, so super. Simply he doesn't want to refinance his $7 trillion debt at 4 plus percent. So how do you bring down the rates? Cause uncertainty. So when stocks look risky, investors rush to bonds which would then when the more people are buying bonds, the yield, AKA percent would come down. Right. The tariffs are creating like economic fear, they're slowing growth, all that kind of stuff. So lower yield, lower interest rates, lower rates would be cheaper debt financing. Correct. So if bond yields drop, the government would refinance at a lower level.

B (11:06)

And this is actually kind of where I like where the 40 chest thing makes you think like maybe they're right because Donnie does always talk about getting mortgage rates down.

A (11:15)

And that's what I was just gonna say.

B (11:16)

This is one way to do it.

A (11:18)

Right. So if they do this, then it would likely be that interest rates would drop, which would mean the, the housing market would maybe be in a little better of shape. No.

B (11:25)

Yeah. If rates come down. Well, no, it certainly will support, like, it'll help to resurrect some of the market for sure. Like, it'll, it'll. That, that should get volume back. Like, let's look at Canada as an example. Okay. In Canada, our mortgage rates went way up and then they started coming down. And now that they're lower and prices are down, people are buying again because people can afford to in the US and we've talked about this chart a couple of times on the show, but US Housing affordability is like the worst that it's ever been. Right. Or one of the worst that it's ever been. There's only two other times where it's been comparably bad. One was in the 80s when interest rates were like 18%. And the other one was in 2006, right before the global financial crisis. Right, right.

A (12:06)

What were the rates then off the top of your head? Sorry for calling you out there, dude.

B (12:11)

In, in 06, they were, they were like 3, 4%. Like, they weren't. Yeah, they weren't like insanely low, but they were low. Yeah. Like you get a 5, 5% mortgage. Yeah.

A (12:22)

So big, Donnie. Big, big strategic 4D chess guys. Short term pain, long term gain. That's. That's what they're saying from this specific tweet.

B (12:31)

Yeah, yeah, that, that. And, and a lot of people are also theorizing that Donald Trump is using tariffs to crush inflation.

A (12:38)

Right.

B (12:38)

To crush, like, the economy. If you want to crush inflation, you can't just rely on disinflation. You would want deflation. Right. You would want the. And things are too expensive. Right. And so what he's doing is he's basically. This would be something called demand destruction. Right. If you destroy demand, then people start paying less for stuff and things become less expensive. All of a sudden, all of your consumers have to compete or. Sorry, all of your producers have to compete for consumers, so they have to, they have to reduce their prices.

A (13:13)

Because I, I see like so many, especially on like TikTok, everyone's. Whether you therefore or against, you know, and I see a lot of people against, obviously, and a lot of people for. But it seems like maybe he's, he's a few steps ahead with some big master plan. In place. But how we get there, I think might be a bit of a roller coaster. I mean, who knows?

B (13:38)

Crazy, I think. I mean, the guy clearly likes chaos, so. Yeah, I would agree with what you're saying like that, you know, and I guess it doesn't really matter whether or not it's actually his intention to do like, whether or not we're giving him credit for being smart enough to like, engineer a reduction in bond yields. Right. I don't know. I'm not fully sold on it, but it's probably happening. So I guess, I imagine he will tell us if he's going to take credit for it at the end. So we will not find out. Even if. Yeah, if it's a good thing. If it ends up being a good thing, then he'll probably take credit for it.

A (14:12)

Exactly. You want.

B (14:15)

Yeah.

A (14:17)

Fanny1 or. What are you doing? Which one you got?

B (14:20)

Whatever. Yeah, I'm easy. I. I have. What else do I have up here? Selling off.

A (14:26)

Which one? Yeah, kinda. I think that one's crazy.

B (14:31)

Yeah, do it.

A (14:32)

I learned this one. It's in our text messages, just in case you're wondering.

B (14:36)

Yeah, I gotta find it. Yeah, I'll find it.

A (14:38)

It's not too far out. Basically, it says Fannie Mae and Freddie Mac admit to halting foreclosure on just over 7 million. So that's what this tweet is saying is that's. That's 7 million houses that should have come to market because they would have went to foreclosure. Now, I'll jump in to this. First of all, I think it's mandatory that we explain for Henny Mae and Freddie Mac because I'm pretty confident that any of the Canadian listeners on here, and honestly, maybe some of the American listeners too, probably don't understand what this is. And I'm just going off of what I've been. I spent last night doing that. Crazy. When you get older, man. Now I'm, you know, I'm looking at Fannie Mae and Freddie Mac Googling it and making it. So I can understand everything here. What, what a life change. 20, 10 years ago I was. Okay, so let's, let's cover a little bit about Fannie Mae and Freddie Mac. So it seems what this tweet is talking about. It seems that Fanny man. Freddie Mac, which. Okay, give me your. Give me your off script. Fannie Mae, Freddie Mac. Do you want me to cover it on.

B (15:39)

Yeah, cover it on script because I don't want to be wrong.

A (15:41)

Okay. I like it. Okay, we're Gonna start by saying, so Fannie Mae and Freddie Mac, basically what this is all about is that they've helped prevent foreclosures on 7 million houses that specifically were reported for actions up to like mid 2024 keeping these homes off the market because they helped them financially from going into foreclosure. Okay. So research suggests that this intervention reduced the supply of foreclosed properties, potentially affecting housing prices. This evidence leans towards these actions being a part of efforts to stabilize the housing market, especially during the Crisis. Is like 2008 and COVID 19. So now let me explain the background on Fannie Mae and Freddie Mac. So Fannie Mae and Freddie Mac are government backed companies that buy mortgages from banks, helping more people get home loans. So they don't lend directly but manage these loans especially during tough times like 2008 financial crisis and the COVID 19 pandemic when they stepped in to prevent foreclosures.

B (16:43)

So yeah, so to explain this a little bit more simply, like in the US when a mortgage is like when you go get a mortgage, you're you speak typically speaking to a mortgage originator. So the banks basically hire these mortgage originators but the banks don't actually like they, they let's call it like lend the money. But typically they actually your, your becoming part of like a mortgage backed security. So the bank will originate the mortgage and then they'll sell it to Fannie or Freddie or the fha. Like this is where you hear about the FHA loans, Federal Housing Administration and they actually buy the loan and package it into a bond. Remember we were talking about bonds earlier in this episode. They package it into a mortgage bond. Right. Or mortgage backed security. And investors can buy those mortgages to get a yield on if they want to buy the security of a bunch of borrowers paying their mortgages. The problem is a bunch of borrowers aren't paying their mortgages. In fact, apparently like according to the Federal Housing Finance agent agency, over 7 million mortgages and 46,000 foreclosure prevention actions in the second quarter of 2024 alone since the start of conservatorships in 2008. Of these actions. Yeah, yeah. So it's a long time. But, but of these actions, about 6.3 million have helped troubled homeowners stay in their homes, including 2.7 million permanent loan modifications. And I think you're going to talk a little bit about like the different ways that.

A (18:20)

Yeah.

B (18:20)

That you can fix recourse.

A (18:23)

Yeah. There's also another thing here. So it said Fannie Mae and Freddie Mac completed 46,378 foreclosure preventions during that quarter of, basically the second quarter of 2024. So 46,378 foreclosure prevention in the second quarter of 2024.

B (18:45)

Yeah. So it's kind of funny because you would want to wonder, like, oh, if the US Economy is having such a rough go, why is their delinquency rate still so historically low? Right. And if you go back to, like, this is back to the 80s, we're still well below, you know, even other than, you know, that, I guess, to that year 2008, basically. But historic, you know, it looks like it's, you know, kind of steadily climbing. The re. The reason probably why, like, mortgage delinquencies are low in the US Is because people can just go delinquent and Fannie and Freddie will fix the problem for them. Right? They'll come up with some sort of alternative situation. This is very similar to what's happening in many Western countries is one of my biggest concerns about the economy where, like, globally, man, honestly, is that the accountability of debt is so much different than it was before. Right? Because like, all of the, all of the debt, all the credit risk is insured away.

A (19:43)

And so I sent you another. Another tweet just before we. We aired today, before we went live about the FHA Loan Loan of the Day, Part 1 of 4. It was a breakdown of a $236,000 loan at 3.5% in Tennessee. Basically, first payment date was March 1, 2020. Payments were made all the way through April 1, 2022. And then this person stopped paying. It shows a live account on this. On this right here. Yeah, yeah, Cool. So the borrower starts paying not a single payment for nine months later. Another partial claim for 13,000 was done to cover nine more missed payments and bring the loan to Currents. So it's like, surely now the borrower will start paying. No, the borrower goes into 19 months without making a payment. Time to foreclose because the borrower has made 57 out of 57 times that they can't and won't make a payment. And then it said, nope, let's mod it instead. They just raised crazy. So 57 missed payments. They just. To help fix this, they just raised interest rates to 7.25 and a monthly payment increase of $400. Five years of no payments. That's crazy, man.

B (21:01)

That's crazy.

A (21:02)

Okay, sorry. There's a few things I want to. Before I go into the types of foreclosures. You call it a mortgage? Was it mortgage, A mortgage backed security.

B (21:10)

Or a mortgage bond? Yeah.

A (21:11)

No, no, no. What's the mortgage person's name at that talks?

B (21:14)

Oh, Mortgage originator.

A (21:16)

That's a sick handle.

B (21:17)

Sick. I was a mortgage originator once, actually.

A (21:20)

Were you? Yeah, the mortgage originator.

B (21:24)

Yeah, Mortgage originator.

A (21:26)

That'd be my handle, dude. Immediate switch Instagram handle.

B (21:30)

Sounds so. So finance. Dan, the movie finance over here.

A (21:36)

All right, let me, Let me types in. Types. Let me talk about the different types of foreclosure prevention actions. So. Because I didn't know any of these, honestly, and you're gonna have to help me with some of these, but it's okay. Different types of foreclosure preventative actions. Okay, so you guys understand that, number one, permanent loan modification. So changing the loan terms, obviously, like interest, lower interest rate, extended term to make payments more affordable, allowing the borrower to stay in their home. So simple. We have that in Canada too. I think during the pandemic, they were always offering up stuff like that, I think.

B (22:10)

Yeah, Canada. So for comparison, Canada has this thing called the mortgage charter, where basically now if you call your bank and say, hey, I'm having a really hard time paying my mortgage, they have to make financial. Financial accommodations for you.

A (22:24)

Interesting. I didn't know that.

B (22:26)

This is what I'm saying about debt. People not being accountable to debt. That's what's scary, right?

A (22:31)

Right. Yeah, that's interesting. Okay, so you got repayment plans allowing borrowers to catch up on missed payments over time, preventing defaults. This is one that I didn't know. And you mentioned. You know about this. You can, you can elaborate. But forbearance plans, so temporarily reducing or suspending payments, often during a crisis, to give borrowers breathing room. It sounds like that's what they did for that, that live scenario we just ran through. Basically what, you suspend a payment, then you just, what, tack it on at the end with a higher interest rate.

B (23:00)

Yeah, you can do that. You can balloon it to the end. Right. So you just add it to the principal that's outstanding. Does that make sense? Yeah, yeah. Or you can. Yeah, you can. Like in Canada, we were allowing skip mortgage payments. Right. That just got added to the end. Right. So that would be a forbearance measure, you know, making the loan interest only for a little bit. Right. And so that person's just not paying any principal so that that principal doesn't get deducted from what they're outstanding. There's a handful of different ways I mean, this was super common during. During COVID right, when a lot of, like, the. The, you know, builders and. And developers and owners were basically claiming force majeure to their. So force majeure basically means, like, major issue, major problem, you know, big major force, man. Like, that's what it would be. Sounds like a sick, like, DJ name, actually.

A (23:53)

Dan, the original Dan, the originator. Force Mayhor.

B (23:57)

Yeah. But I think. I don't know what it actually translates to, but I think it's just like, major force, right? Like a major thing just happened to my real estate investment, which was Covid. I need some. I need you to. You to maybe make some concessions on this loan. You know, I want to alter our agreement a little bit. I told you I was going to pay you, but that was before I couldn't. I couldn't. I couldn't run my. My retail business, you know, without, you know, there's. That was before they started kicking people out of my restaurant. Yeah. Right. So could we maybe. Could we maybe, you know, it just be like you and I. It's like. Like, you know, like, Dave, I buy a, you know, some, you know, you're like a, you know, protein, you know, protein powder, right? Like.

A (24:36)

Yeah, yeah.

B (24:37)

I'm trying to think of legal, legitimate businesses that we might conduct together that would require a loan. I'm gonna buy some protein powder off you. A lot of it, right? A ton of it.

A (24:44)

A lot.

B (24:45)

And then I say, oh, I'll pay you over, you know, like, the next. Give you like a, you know, 10 bucks a month for the next year. But then, you know, somebody comes into the house and steals my protein powder, and it's like, yo, Dave, I. I'm not going to pay you anymore because it's stolen. I'm going to need a little bit of time. I will get you. I'll make you whole, you know, but this thing happened, and I'm sorry, and it's my fault, but I just need you to. And you'd be like, yeah, man, I'll help you out. Whatever. It's, you know, just protein powder, dude. Right. But now imagine that on a house, right?

A (25:20)

I love the analogy. That's protein powder. You made it simple for me to understand. Thanks, dude. How do I. Dave, understand? Let's talk about the gym or protein. But creatine. I don't know, dude.

B (25:31)

What?

A (25:32)

Yeah. All right. And then we got, okay, short sales. Selling the house for less than the mortgage balance with lender approval. I'm guessing this is foreclosure, or is it different selling the house for less than the mortgage balance.

B (25:48)

So that would be if the, if the, if the owner wants to sell it. Right. So basically if the owners. So like imagine you lent me money on a mortgage and my house has gone down in value and I've stopped paying the mortgage. This isn't uncommon, by the way. This is happening a lot right now because values are down and people are having a hard time paying their mortgage. Because in a lot of, like, in a lot of cases, if people still have equity, they'll go borrow against the equity or, you know, they'll feel comfortable to take on more debt to pay the mortgage or whatever. Most loans are more equity based than they are credit based. Right? Based based on the borrower's ability to service the loan. So, you know, I go to you and I'm like, look, Dave, you got a mortgage on my property, I owe you 800 grand. But I can only sell this house for 700k right now. Right? Either you can take me foreclosure and sell it for 700k yourself and it's going to cost you a shit ton of money to do that because you got to go through court and blah blah, blah and all this stuff. Or I can just sell it for 700k today and you take $100,000 hit and I'll tell you, I'm sorry. Maybe we come to some agreement on how we can split the difference of what I owe you. Right?

A (26:46)

So that's a short sale.

B (26:49)

That's. No, I guess the other piece of a short sale is, is actually when it's lender led. Right.

A (26:55)

Okay, I got, I got some, I got some. Okay. Short sale home. The homeowner is involved. The owner chooses to sell the home for less than they owe with lender approval. Like you said.

B (27:06)

Right.

A (27:07)

It takes, it takes longer. Even though it's called a short sale, which is kind of funny. The bank has to review offers which install the process. Less damage to credit. The homeowner avoids foreclosure, which is worse for their credit score and more control. The owner can negotiate terms and possibly avoid eviction. Then you got a foreclosure where the lender takes the home. The bank forces the sale after the owner stops making payments. It's a faster process. Once foreclosure starts, the bank moves quickly to recover losses. It's worse for your credit, obviously, and the owner loses all control. So a short sale is voluntary and helps limit financial damage while a foreclosure is forced with harsher financial consequences. Man, pretty smart. After Reading that. Interesting. Okay.

B (27:55)

For sure.

A (27:57)

But I mean, okay, the one, the, the, the tweet was saying, like, oh, that's 7 million houses that should have came to market. Like, I mean, I'm not, I don't know, maybe I just. Not a fan.

B (28:11)

You're not a fan of what? This, that.

A (28:14)

I just don't think, like, well, I mean, it doesn't, I don't think that would, that's. You can't just be like, oh, well, all 7 million are going to come to market. You know, that's just like a.

B (28:21)

No, of course not. No, of course not. Yeah, that's like what, that's what I would say. Right. No, but, but no, I mean, obviously not, but it is, it is concerning that. I mean, there's, it's a lot of pending supply. Right. Like, if there's, if, if the government is having to, to help people pay their mortgages, those are people who probably can't hold onto their house much longer.

A (28:43)

Right. Yeah. You know, I understand. I get it. What was the. There was one more we wanted to cover here. Oh, yeah, I know this is your favorite, the 443 federal buildings. You already got it up there?

B (28:56)

Got it somewhere, yeah. Trump administration prepares to sell off hundreds of federal buildings. They announced Tuesday that they're considering selling off hundreds of non core federal properties. According to the General Services Administration. They want to dispose of these because they have more than 430 million in annual operating costs. And let me just see.

A (29:26)

They want to sell off the Department of. They want to sell the headquarters of the Department of Justice. Yeah, why not?

B (29:34)

I mean, I mean, realistically, like, I mean, if they're gonna, if they're actually gonna downsize the government, you know, like all these employees and, you know, and people are so work from home, like, why does the government really need all of these assets? Right.

A (29:47)

And they also want to terminate. The General Services Administration were also reportedly told to terminate 7,500 leases for federal offices. Right. Let's see. A House GOP report found that the federal government wastes, spends, just so no one comes for me. Spends around 7 billion a year on office space, and not a single federal agency was utilizing more than 50% of their office space.

B (30:13)

Well, you could probably just call that a waste. Like, mathematically, I would say that's probably.

A (30:17)

Mathematically that seems like a waste.

B (30:18)

They're wasting 50%.

A (30:20)

Yeah.

B (30:21)

Politics aside.

A (30:22)

Politics aside, mathematically that sounds like a waste to me.

B (30:26)

Yeah. Yeah.

A (30:27)

Let's see. Pull up some stats here.

B (31:08)

I guess people are kind of like Trying to mention that it's like, it's costly to actually close and relocate. I don't know, man. I feel like if, if they, like some of these buildings are sick, right? Like they're old, vintage government buildings, like, they probably would get command a pretty decent buck, right? I don't know.

A (31:27)

But who's buying these right now? Who's buying up?

B (31:30)

Well, listeners to our show, man. We're going to get some. Yeah, we're going to get some clients from this. We're going to go new podcast, go down there, present some offer. Present some offers down there to the gsa, whatever it's called, set up, set.

A (31:43)

Up our office in the Department of Justice. FBI. That'd be kind of cool. We have a six.

B (31:49)

Wouldn't that be sick? We're currently in the FBI department, Federal Bureau of Investments.

A (31:56)

There's a bunch of stuff on this. Like, let's see. Based off of what I see on the. The Twitter polls of people supporting this or not, it seems that on. On Twitter, people are in support of this. They're also including properties named after former Vice President Dick Cheney and former House Speaker Nancy Pelosi. They're selling off two of those buildings named after them. I don't know what those are for, but I don't know.

B (32:40)

All I know is that Nancy Pelosi is a very good investor. She has the best returns. Going back to that pension fund episode. You want to outperform the S and P. You just need the governors to. To manage the money.

A (32:56)

Do you want to pull up one more?

B (32:58)

Yeah, let's do it. I feel like we got a pretty long app here anyway, but yeah, we can.

A (33:02)

We can wrap it up, dude, if you want. We.

B (33:04)

Well, I mean, it may be worth noting that the trade war is still going on. And you know that Trudeau. Trudeau called Trump dumb, which I think was not a good move. It wasn't a good idea. They. The Canadian government is basically clapping back with a bunch of stuff, so they're doing reciprocal tariffs. Mexico is doing reciprocal tariffs. Although it did seem like Mexico was willing to kind of strategize a bit with the US and, and basically say that they would put tariff tariffs on stuff from China. So I'm not sure what happened with that.

A (33:39)

So Mexico's trying to qu. I feel like. I think it's like this from the beginning. And again, maybe I'm. I'm wrong, but I feel like since the beginning, it seems as though Mexico was much more willing to cooperate and try to, like, come to some form of conclusion. And it seems like Canada maybe is just trying to go like tit for tat, which. Look, I understand. I think I, I did a post about this and got on or, sorry, now we gotta make it. I got pooped on, you know, But I understand being a patriotic Canadian, I understand all that stuff, but at the same time, I think we should be more like, solution oriented than just. Yeah, you know, I don't know. Do I have the answer? No, I don't have the answer. You know, I'm just. I'm just a guy on a podcast and that's it.

B (34:23)

Yeah. Yeah, I guess. Well, like, I would have thought that the idea would have been just like, wait it out and wait for the negative economic consequences to appear and then, you know, that, like, that to me would have been. I would have just ignored it personally. But politicians gonna politic, man. They all want to be the center of attention, right? So opportunity, any opportunity they can get to like, get on the TV and just, you know, rah, rah, act like they're. And, and for the. At least for in Canada, the Liberals, it seems to be supporting them in the polls quite a bit. So they're gonna keep doing it. I don't know, but it has surprised me, man, how, how quickly people have. Have got gone after one another. You know, like, they've really. People have really like, started to like, Canadians hating Americans, as if it's a reflection of like, you know, everyone's like, oh, like, they voted for. For Trump. It's like. Well, you know, I think like 16 of the population did. Right. Like, you know, you got half the population shows up and then half of them vote for. Right. So, I mean, technically not, you know, was. I don't know. It's just, it's so like, weird how people digress to this, like, nationalistic thing in times of as strange to me. Very strange. I'm. I'm like pro. I'm pro team, like humans. Right. Like, I like, I just want. I just want kind of win.

A (35:44)

Yeah.

B (35:45)

Right. And I think that the easiest way for us to do that is to all work together. Right.

A (35:49)

Well, I think what Trudeau said that told Canadians to continue to boo the American national anthem. Just, just.

B (35:57)

Yeah, like, that's, that's not cool. Like, I'm not.

A (36:00)

That's just. That's like causing additional problems for.

B (36:03)

Well, it's also just like, it has nothing to do with, like, you can't like, hold the rest. Like, I, I'm. I'm in California right now, and everybody's like, apologizing to us. I'm like, it's not your fault. Like, you know, like, you don't have to apologize to me. Like, I'm. I'm not silly enough to see this as a reflection of you. I'm not mad at you, you know, like some random American person that I don't know, you know? But, like, apparently people are upset and they're. They think, I don't know, man. It's kind of weird. Weird stuff. So. Very low IQ stuff, I think, man, that's like. That's. That's my opinion. Like, people who get. I don't know, you know.

A (36:33)

I couldn't agree more.

B (36:33)

Don't blow the national anthem, folks. It's not nice.

A (36:36)

Whereas people helping people. That's it. We're for the people. We're down the middle.

B (36:40)

Yeah.

A (36:41)

All right.

B (36:41)

Yeah.

A (36:42)

Amazing.

B (36:43)

On that note, let's. We've covered all the things that we're supposed to talk about on our first date. Politics, religion, etc, so we'll get out of here. We'll see you next week. Please follow the show. Send it to your mom, send it to your pastor, politician, etc. You know.