"What's Coming Is WORSE Than A Recession" - Why Only The Paranoid Will Survive | Patrick Bet David
vHewXQ24AvY • 2024-09-29
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the problem with America today is the
following here's one of the problems
with America which by the way is a
beautiful thing but it's also a problem
whoever that gets elected we have
cyclical Cycles okay you got Carter gets
elected then it's Reagan senior then you
have Clinton then you have Bush then you
have Obama then you have Trump then you
have Biden so Republican Democrat
Republican Democrat Republican Democrat
so every time you do this every eight
years the system is like changing so
Cycles are changing whatever you're
doing is changing so you can't really
consistently build on a philosophy over
a 20-year period because in America you
you can't put a 20-year plan in place
there is no such thing as a 20-year plan
in America because whoever's the next
guy that's going to come take your job
is going to say no we're not building
that wall no we're not going to do that
no we're going to cut those benefits no
we're going to add these benefits no we
are going to spend more money no we are
going to do that no we are going to
leave this war no we are going to get
into this war the these things the the
complexity what we're asking
about is challenging because no one
leader is going to run for 20 years we
just don't have that okay would you want
it in a in a way when it comes down to
the
economy uh yes I would want it selfishly
for me and you because we're alive today
is it good for America long term
absolutely not okay absolutely not
because if that one person's a shitty
person that gets into office for 20
years this thing's gone it's destroyed
okay so at least this allows us to not
be able to go super extreme because you
have to get it through Congress and
Senate and it's already complicated
enough to do that but to fix this thing
you're never going to have both sides
agree philosophically economically on
what they're going to be doing over a
20-year span all right let's go to the
next side that we're talking about while
all this stuff is going on you have uh
um the the war right now with China and
India that is also taking place with
iPhones are now being made in India you
can now get iPhones where on the back of
it it says Made in India first time not
made in China say Made in India really
guess who blocked Tick Tock in their
country India guess who's blocked 100
apps of China India India is not afraid
of China now why does China not like
India why do they always be on closed
doors talk [ __ ] yet at the same time
they're part of bricks you got Brazil
you got Russia you got India you know
you got China and I think it's South
Africa that's part of the bricks right
okay so they're part of the same thing
but there's also a way of you know
competing the reason why I like India a
lot and I think India is going to play a
very important role here is because
India has seen how China negotiated with
us and theyve realized we're not doing
that but India's also seen the mistakes
China made with the one child Rule and
erex expansion and what's going on with
a lot of these properties that they
build out in cities that looks like just
like Paris I don't know if you've seen
the city they build in China it's a city
everything Paris has it has it looks
identical to Paris if you Google this
the same kind of architecture if I tell
you if I show you the picture you would
think it's Paris they spend billions of
their own money to build a city
replicating exactly Paris that's what
China did okay wow so we're talking
about you know the whole everything
everything they have they have a shaniz
same exact model that they have over
there exactly when you see the pictures
like when we're done I can't wait for
you to see this pictures to see what
that looks like so China overexpanded
very quickly India is watching China
they had their one child one child
policy the average age of a Chinese per
right now is 38.4 years old India is
2728 okay India's uh IIT Institute is
producing incredible Engineers many
companies here will hire Indian
engineers and they're rock stars better
than MIT in many cases so I think India
is very important for the next 20 30 40
years very important as long as India is
there China's gonna hate it they they're
not gonna like it the fact that Tim Cook
right now has got a very hard job I
think Tim Cook in the span of four weeks
lost $350 billion of valuation for apple
in four weeks $350 billion okay one
because iPhone 15 didn't do what they
expected it to do two because China is
now giving them a hard time because
China is their number one market of
iPhones they sell now China is sitting
there saying wait a minute we sell more
iPhones in this country than anywhere
else yet you're giving our business to
India who the hell do you think you are
right then on the back end the real war
that's taking place is the semiconductor
chips and there's different levels to
the semiconductor chips that's being
built and China's specialized in the
cheapest kind to make the easiest kind
to make where some countries have
specialized on a tough kinds to make
when it comes on to semiconductor sh
this is why China can't stand Taiwan
being there this is why China wants
Taiwan because Taiwan specializes in
building the extremely technical
semiconductor chips that the rest of the
world uses and then there's complete
other aspects to this that you can get
even deeper on so taiwan's going to play
a very important role you know we can't
have a Russia Ukraine or a you know
Israel Palestine Gaza Armenia aeran
turkey we can't have that taking place
with Taiwan Taiwan needs to stay
separate that needs to stay protected
how we do that I don't know how we're
going to do that we're getting involved
in one too many wars but if if Taiwan
stays free and China relies on them
because China destroyed the world during
covid absolutely destroyed we realize
80% of medications being built there 80%
of the technology that we need is being
built there they controlled everything
car pricing use prices went up 50% like
what are you talking about you mean to
tell me I bought this car for $90,000
it's used you're willing to pay me
$130,000 yes are you serious yes why we
don't have chips to make cars are you
kidding me no Rolexes they were making
Rolexes for 18 months they didn't have
equipment to make Rolexes you go to a
Rolex shop that had one one watch like
what do you have we only have one watch
can I order Rolex no we're 12 months
you're not going to get are you serious
yes nothing this is what was going on at
Rolex store
so again the stuff that gets me
optimistic is
India is Taiwan is we're committed to
the semiconductor business here uh the
things that concern me is China is
erdogan being wanting to be involved in
the Israeli War because most people
don't realize the most powerful military
in the Middle East is not Israel Israel
is powerful but Israel has 300,000
soldiers of which I think 150 is
reserved turkey has nearly 400 active
350,000 active Soldiers the number one
military in the Middle East if Turkey
gets involved you know so we have all
these dead things that we're looking at
obviously the military-industrial
complex which Eisen AR talked about
where be careful with these companies
like rathon and Boeing and General
Dynamics and these guys that are making
a lot of money when there's Wars we have
to be careful with that taking place we
have to be very careful with that when
that's taking place but uh yeah it's
very complicated very complex Ray Doo
says a depression could be possibly
around the corner a lot of these guys
are fearing what is taking place today
Michael bur shorted the S&P 500 1. 6
billion of his client's money and now he
did it in a way where you know you're
kind of protected but still he's not
optimistic about the S&P 500 what it's
going to be doing uh one too many moving
parts for us to sit there what will
happen the rich are still going to get
rich the innovators are still going to
find a way to you know win the people
who learn how to use AI on their side
they're going to advance and Excel even
more the acceleration and the disparity
between the rich and the poor is going
to get wider and wider and wider why
because most people are going to spend
majority of their lives on Instagram on
YouTube on Tik Tok they're not going to
learn a new skill set they're not
studying AI right now they're not
studying technology right now they're
not learning new skill sets right now
Harvard did an article Harvard Business
Review did an article saying to stay
competitive right now every 18 months
you have 10 new skill sets to learn as
an executive it wasn't like that it used
to be 10 new skill set every five years
now we have to learn 10 new skill sets
every 18 months how the hell do we keep
up so so that this is the part where you
know we talked about the only the
paranoid survival like right now you
have to be looking at this shit's out
there what part of it do I control what
part of it do I have not no control over
if not a billionaire or a hecta or a
decamillionaire man I got to figure out
a way to increase my market value or
else I'm going to get crushed you're
going to over the next 10 20 years if
you're going to spend more time on
Netflix more time watching all these
shows more more time playing all these
games more time watching all these Tik
Tok Instagram if you're going to spend
more time on that than building value
for yourself and learning new skill sets
yes the Market's not going to favor you
the next 18 to 36 months but if you do
that fortunately for that Community
they're going to be okay this doesn't
mean a recision is still not coming
though okay so let's start pulling apart
some of the issues so the geopolitical
part of this comes down to is there
something that we can do to position
ourselves um you were talking earlier
about we create a matrix and it's like
okay do we go to war how bad is it like
all the different scenarios and we run
through them um so but let's sort of put
the pieces on the table we have um
global conflict and that's going to do
what it's going to do and we need to
think about what the plan of attack is
there how we position ourselves well we
have the debt crisis which is just
probably the thing that weighs the
heaviest on my mind it seems the most
inevitable and because it's so in plain
sight and not at all sexy but nobody's
freaking out that one makes me the most
nervous because you can just run the
math and it seems inevitable that it
things have to break for that to work um
you've got the what we'll call the Cold
War of manufacturing and where that's
going Apple China India all competing
But ultimately how do people begin to
actually put together a battle plan so
one of the you you had a really good
video about advice for young men and one
of the things that you said was you need
to be aware of what's going on and I
really woke up to that at the beginning
of Co covid was a grand uh moment where
it's like look behind the curtain
there's The Wizard of Oz and I began to
see how things were actually um
happening that was very revelatory and
just as if you want to be an
entrepreneur the ironic advice that I'm
going to give you is you need to learn
about the body because if you can get
control of your body if you can change
your physique you're going to find
discipline consistency you're going to
see that it really adds up to an actual
transformation and you can apply all of
that to um business ones or yeah to
business to anything really once you
begin to understand how the world
actually works now you can begin to
position yourself to whether any storm
but you really do have to understand how
the pieces move around the chessboard
how you're being manipulated um and I
don't it certainly has not then provided
me a sense of Clairvoyance and oh I know
exactly what to do but I feel like it
makes me ask a better caliber of
question to me the caliber of question
right now is what is the position
someone should be working themselves
into so I'll paint the picture that I
think and then tell me if you disagree
if there's a better thing okay number
one I think because only the paranoid
survive there's actually two things you
need to be paranoid about right now
paranoia number one is you can pull out
of the market too soon and Miss real
opportunities and since no one is going
to be able to accurately forecast the
timing you have to be thoughtful about
that so one strategy might be just that
you dollar cost average in every day
make sure that you have a certain amount
of savings so that you're not going to
find yourself in a panic situation and
as Morgan hell said uh the the whole
purpose of having cash in a bull market
is to make sure that you don't have a
for sale in a bare market and I thought
that was a a really wise way so um what
I'm going to present to people is
there's so many variables on the table
and I don't know how they're going to go
I just want you to be in a position
where you have optionality so we're
going to optimize for options to do that
you're going to want to be largely in um
cash and index funds which is not going
to sound sexy and when I say cash I'm
talking money market treasury bills
something like that bring Five Points
right now yep which is [ __ ] amazing y
all day every day I'll take it uh now
would not be the time in my opinion to
invest in anything where you're not just
an absolute complete expert where you
have so much disproportionate knowledge
that you're able to really recognize a
deal when you see it so I've heard you
talk a lot about some commercial real
estate stuff that you're looking at
because you know things are going to go
on sale you oddly enough I still find
this so fascinating you really
understand the baseball card market so
you'll know a deal when you see a deal
so it's like that to me optionality cash
um only investing either sort of blindly
in index stocks not just completely
removing yourself because you could miss
you know it could be six months a year
before two years before this is who who
knows we really can't predict it but
that we are in a time of such volatility
that if you are not taking every step
with sort of Maximum paranoia uh you're
making a mistake so that's I'm sure if
somebody were here they'd have a lot of
questions for that but that's my rough
guidance to myself I think that was
fantastic I think it was fantastic and
we're very aligned look I mean here
here's also the thing right like where
you're you're sitting there watching
some of these guys sitting on a lot of
cash why are they sitting on a lot of
cash are they sitting on a lot of cash
in in case [ __ ] it's the fan is that
what they're doing or they just kind of
sitting on a lot of cash wondering I
don't really know what's going when I
say people I mean bshar Hathaway I mean
these these guys have a lot of cash
right now they're sitting on the table
and uh you know maybe they're not buying
value stocks yet because they don't yet
believe value stocks are here Burkshire
haway okay if you're not in this
business if if you're not in the
business of Investments financial
adviser broker day trader don't play
around do not play around and get crazy
about it um crypto a lot of people got
into crypto and NFD and that was not
their world they didn't know about it
they lost a lot of money money I mean
couple guys made $90 million but the
people that bought their stuff lost $89
million but they got their money there's
a lot of guys that made the money in
nfts but it was a gamble for everybody
and everybody's like oh my God but I
believe in in all this other stuff okay
great that's pretty crazy you know what
about this and what about that now does
that mean nfts are going away absolutely
not my kids still buy stuff on robloxs
and skins and all that there's an
element of it that is not going to go
away guaranteed is there a 95% of an n
that are not coming back yes probably
some of them are going to be gone again
my opinion I I have interest
in things I know
about and I'm interested in like right
now you know I'm looking at stuff the
card Market got destroyed the last six
months destroyed guys are sitting on big
cards they were thinking they're going
to make a lot of money on it they're not
right now okay cars that would have sold
for $2 million two years ago are selling
for $400,000 today but they're going to
end up selling for that value they're
not going away because it's art it's
non- duplicatable assets you can't
duplicate these pieces especially if
it's things that are very few of okay so
if one of one they're not going to go
away art Jamie Diamond's got a $900
million art collection why Dave Dana
White is telling me about a picture he
has in his uh office he show me this
yesterday that he paid $200,000 for it
that picture is probably worth $8 to $10
million today art money in art being
made again and non duplicatable assets
are very very valuable whatever there's
few of very valuable but only touch it
if you know a lot about it if you don't
don't even get close to it if you know
nothing about crypto don't even get
close to it don't get too crazy oh my
God I'm hearing you know Bitcoin is
going to go to 100,000 it may go to
500,000 but don't do it because you're
guessing because somebody else said it
do it because you've done a lot of due
diligence in it so if you don't want to
have that kind of a risk tolerance
indexing is the way to go to play it
safe now to to the small community of
crazies that have an itch and a
tolerance for madness
Okay this isn't everybody this is some
when you have a certain amount of money
I'm talking to my Goldman guy he comes
in we're having our conversation he says
hey here's what I think we can do with
this amount of money I said okay what
about
it he says here's a strategy we can use
the next 90 days I said okay I said do
you have any questions for me he says I
got one question for you are you okay if
in the next 6 months we lose $55 million
in
this what a great question just straight
up I'm
like no I'm not okay with this that's a
big nut he says uh no problem totally
get it then we can't go the way that
this is one of the options we can go in
because what do you think of a chance of
a World War II happen next 6 to 12
months I don't know man I don't know if
I'm at 50% % but I'm at 10% well 10 is
pretty high yeah I agree okay if that
happens how bad is it going to be you
know like during Co down went to 18,000
I don't know if you remember for that
minute that down went to 18,000
everybody's like holy [ __ ] what's going
on but very quickly went back to 32,000
so it recovered very quickly okay so
what does this mean if you think a
possibility of craziness is going to
happen that you keep cashing it happens
you can buy in dollar cost average okay
yes you think you're that brilliant that
you can time it historically very few
people have been able to do it and those
who did got purely lucky do you want to
be part of that camp because most people
historically what happened to them they
missed being in the market on the five
best days right and missing those five
best days ended up cost them the
difference between making 133% over a
20-year period to making 7.8% correct
and that's a lot of money by the way
between those two so if that's not the
world you want to play don't do it don't
at all do it for me the game we're
playing is a different game the game
is there's going to be a lot of assets
for sale the next couple years okay and
if you made the right choices and you
have cash and some of these assets don't
perform the next couple years there's
the opportunity to pick up assets
there's the opportunity to pick up small
businesses I'm talking to a guy who runs
a you know a a a business that they're
doing 34 million year and he I said how
many companies are there in the
marketplace that you could buy right now
that are between $5 to $10 million
there's at least eight how many of them
can't stand you one of them we never
talk I said okay the other seven how
many of them love you three of them do
the other four know you they know of me
but we don't have a relationship get it
close to them as soon as possible make
the following phone call said what do I
tell these guys this what the call
sounds like hey John listen man we're
both in the same industry how's business
and you don't know by their answer how
it's doing you're gonna say oh great
unlike XYZ we did 32% last month over
last year per okay great guess what
that's not who you want to talk to next
call you got six more left okay hey
Larry how are things oh um yeah I mean
look I mean some areas we're doing good
some
areas why what what's going on did
somebody tell you something okay boom
check what's the conversation Larry
here's what's going on the reason why
I'm calling you we're getting calls from
guys in our space
and some of them are not want are not
doing as well as they thought they were
going to do and they're about to run out
of cash and they're calling us because
we have access to certain relationships
and contracts and technology that they
want to take advantage of I thought just
to give you a call because we're within
the same space are you in a place right
now where you want to entertain
possibility of a partnership where we
can help you with our company or no if
no list I'm not going to impose but if
you are maybe we can have that
conversation 5 can
pause uh you know about 9 months ago I
would have told you to go to hell but uh
yeah maybe we can talk
perfect um when do you want to come to
the office or would you like us to come
to your office would it be okay if we
first met at a coffee shop away from
everybody no problem let's do that then
he go sit down what's going on look man
I don't know if I want to do because I
heard this and I heard that and I heard
this I don't want to be ripped off and I
don't want to be this and I don't want
to bro let's just see what we can do
with the numbers if we can't great if we
can we'll support you go do your thing
then the conversation starts so there's
different levels right now in the
marketplace if you have cash a lot of it
companies are going to be for sale the
next 3 6 12 months and there's going to
be a lot of opportunities for you to
increase your market share within the
industry if not you're somebody that
doesn't have a very high risk tolerance
do not screw around the next 6 12 months
thinking you are no stradamus and you
can predict the future because the
Market's going to destroy you it's
undefeated
yeah yeah timing the market is a
ludicrous proposition people nonetheless
do it but what I find is that it
actually attracts people that have a
gambling mentality that was my biggest
surprise getting into crypto because I
don't have a gamblers mentality at all
uh so I just had a failure of theory of
mind so I did not see that coming and
then I was in a chat group and I
realized oh my God all of these people
are poker players I was like this is the
same mentality like to them they're
getting a gamblers high right now of
taking a risk on some crazy coin and you
know rolling the dice and seeing if they
can time everything correctly and I just
thought whoa okay that's a a very
different Beast so yeah in given that my
goal is to help people put together
ideas that are actually going to help
serve them um this to me feels like the
time to learn what paranoia positive
paranoia really is is success is really
a game of mixing optimism and paranoia
you're going to need both and if you
don't have a constant sense of this
could all go wrong I could be wrong I
could have the timing wrong maybe there
really will be a recession maybe there
won't be a recession um if right now
feels like Peak predictability you're
really in trouble that would be the
thing I would just red flag instantly if
you feel like you have a real sense of
what's going on uh yeah I would say not
the right move and so figuring out okay
how do we deal in a time of massive
uncertainty what I find so interesting
about Ray Delio and it makes me very sad
that he doesn't like to talk about this
is that Rey is extraordinarily good at
understanding the historical Trends the
problem is everything is sort of plus or
minus 50 years and it's like when you've
got a swing like that there's just
almost nothing you can do with it but
let me ask you do you see because I
think one of the real um
one of the real roads maybe it's a 0.1%
chance maybe it's a 70% chance uh what
do you think the odds that we are
already in some sort of Roman Empire
like decline meaning already in it and
that it will happen in the next 10 to 15
years
um I don't I don't know if we're there
I'm not in I'm not in the Doom and Gloom
yet
why because um the great thing about
capitalism is what here's the best thing
about
capitalism capitalism prevents you from
doing stupid things because it's going
to hurt your capital okay when I
recruited salespeople over the years I
gave score there's a scoring system in
this book choose your enemies wisely on
who you can have your running mates 15
qualities for running mates and you
score them based on six different
qualities okay I would look at guys and
I would say which one of the people I
work with is going to give me the least
amount of headaches and here's what I
learned okay extremely good-look guys
and girls single in their 20s gave me
the biggest headaches why cuz everybody
wanted to be with them and testosterone
levels high at that level
and guess what they're going to fool
around you may be high one month and
kill it next month you're dating three
girls in the office and one of my best
girls who made a lot of money last year
you just broke her heart you left her
for another girl she can no longer come
to the office cuz she's embarrassed and
she left us to another company so do
that for about three years and then go
see 17 therapist who have no clue what
sales is like then you're going to
realize I have to change my
Approach then I'm sitting there and
saying man that guy over there is so
boring dude he is so boring nothing's
exciting about him but he went from
making $500 a month selling Insurance to
$1,000 a month three months later to
making $22,000 a month three months
later to making $44,000 a month a year
later then he's making $6,000 a month 6
months later then a year later he's
making $88,000 a month and three and a
half years lat is making $18,000 a month
steady man you are there's nothing about
you that inspires me but you know what
here's what I learned he was married and
he had
kids so what's the point he has to make
it
work he has to make it work because he
has to protect those two kids that he
has he has a mortgage he has to make it
work he can't go screw around he's
married the likelihood of him going and
clubbing and partying with all the other
single people and smoking and doing
ecstasy is
lower so I realized I I have to invest
my time in people who are the most
bankable longterm stable home stable
relationship more things to live for
more things to work hard for more things
that'll prevent you from making stupid
decisions perfect now bring that into
the Roman Empire following all this
other stuff
okay Jamie Diamond is not going to want
to screw up what he's doing and his
legacy is going to matter to him because
there's no way in the world he's going
to let Sandy wild be able to say I told
you guys that guy failed he was a nobody
he's not going to let that happen and
he's running the most you know company
that every day s trillion dollar they
see come in and out JP Morgan Chase
right
um Apple
Amazon Gates
Microsoft these guys have assets are
they going to let something crazy
happened to it I don't know
musk who is standing up against the
establishment
he's not okay with what the
establishment is trying to do and with
social media a lot of this bullshit's
being exposed whether it's talking about
ESG and what Black Rock and you know
they're trying to do or open Society
Foundation or these Dei scores CI scores
which California is famous for they're
getting exposed right and people are
talking about it so social media is
allowing us to hold people accountable I
don't know if you saw what just happened
right now this week with Supreme Court
having a discussion to say social media
compan companies cannot take anything
off their websites whoa this week so
censorship at the highest level you
don't have the right to take anything
down people can post whatever they want
that's crazy if we go that direction was
that a preliminary preliminary it's not
done yet no it's fully preliminary you
got to look into it yes so you got my
attention so so because Supreme Court is
now what 5'4 right so now it's kind of
like they can impose and kind of push
the envelope there okay and they can
protect
sanity in America with some of the ways
that businesses have been bullying
people during co co what it did do which
was great it was so awesome in one area
you know what it was what's that quote
you know absolute power you know uh
reveals what this person's driven by
right you know and and Lincoln said if
you want to test someone's character
give them power and see what they do
guess what during covid who did we give
power to fouchy CDC California New York
uh governors of some states little it
too much better they were like Emperors
pretty much you know hey if somebody in
La you see them without wearing a mask
text this word and we'll find them and
da d d what are you talking about you're
paying people in LA to snitch on other
people it's a part-time job what do you
do for living I snitch I make six grand
a month really yeah what an incredible
way of making money
so during covid if we're not oblivious
and not naive we realize what the people
of power really wanted to do and we saw
that in Europe everybody's walking
around with their covid passport and
they're kind of doing this kind of stuff
um so to me it was fantastic to really
see them show their cards oh this is
what you're trying to do to America
we're not going to let that happen what
did that do you got guys like Rogan to
flip I'm no longer on your side you got
guys like Elam mus oh so you were full
of [ __ ] the entire time I thought you
were trying to do something good got it
I'm not part of your Camp I'm going to
go by Twitter Scott Galloway this guy's
full of [ __ ] Professor Galloway there's
no way in the world he's gonna buy he's
bluffing all of you he's fooling all of
you there's no way he's gonna buy
Twitter Elon Musk bought 100% of Twitter
and now Scott Galloway on Bill Mah last
week with Andrew Kom saying we need to
show some Grace we were wrong during
covid we were wrong during Co I'm sorry
Professor Galloway did you show Grace
did you show Grace oh now you want Grace
but you never gave everybody Grace and
you're this professor from new York
who's had exits of a couple companies
and you've not taken salary from UC
Berkeley respect you you simply go and
do the work I've seen the money you've
given to Berkeley three and a half 4
million but you don't have any Grace you
didn't show people Grace so what
happened now but it was beautiful you
saw what universities were doing Harvard
got exposed during covid no more campus
you guys got to go home okay so does
that mean the annual tuition is still
60,000 or is discounted to 20,000 no no
still 60,000 what for what you're not
giving me food you're not giving me
place to stay you still want me to pay
$60,000 yes we do Bingo you just showed
your true colors beautiful that was
fantastic hey we want you guys to go and
work from home really yes all right [ __ ]
so I'm living in New York I'm working
for XYZ company they'll pay me 250 Grand
a year I can't live normal life in New
York I'll go live in Florida work from
home except now I'm not paying the taxes
oh no no no no we don't want you to work
from home why now I can work from home
from Florida no we want you to come back
to New York now got it so you screwed up
the policies but now I'm in Florida I'm
not coming back to New York cuz I
actually love Florida and I'm stuck here
and people from California went and work
from home in Texas and now they're
saving a 13% now they're not coming back
so they were like oh people going to
come back they never came back right the
people never came back so this this
Empire is falling the great equalizer
Tom is social media if social media
sticks around
and they can't silence people from
sharing their thoughts and opinions I'm
not talking about people getting up
there and saying we should go do this
I'm not talking about that I'm say hey
what about this and we start questioning
things then the people of power that
revealed their cars not everybody but
the establishment that wants to control
more the people they're like yeah we're
not we're not doing that bro you know
what do you do if you're playing poker
with somebody okay and you're going for
the river and you didn't hit you know F
you know whatever uh uh pick something
you didn't hit your three of a kind okay
you missed everybody you got two pair
it's a jack you got a jack you got a
jack on the board all of a sudden you're
about to Bluff the guy maybe go in 50%
of what the chip is you know
there but one card accidentally falls on
the ground and you see it it's an Ace
and there's an ace on there what are you
going to do what are you going to
do you already know you lost so guess
what the establishment revealed their
cards and we saw it
and if we
don't realize it and do something with
it and they still move their agenda it
was our fault all along but if we site
and we unify and we come together saying
hey guys we the people have the power
they ain't going to push us around we
love this country let's fight for what
makes this country great let's go and
support what this country was great
about let's bring it back to that let's
be a little bit more responsible let's
have better incentive programs let's
expect better polic from them let's hold
them accountable to what they say
they're going to do now we can go in the
better Direction and we encourage
certain people to run and get involved
in politics and office so I don't think
it's going to happen because I think on
one end capitalist the rich people are
not going to want to lose all them all
their money so they're eventually going
to be like yeah I don't support what
you're doing Soros yeah I don't support
what you're doing yeah Charlie Munger
said something very interesting he says
look I love Larry thinkink but I don't
want him as my Emperor what a thing to
say buer here's a guy that's 94 4 years
old I don't know how old he is but mid
90s you saying hey I respect Larry but I
don't want him as an emperor cuz they
know what Larry's trying to do people
are not dummies right so those types of
people I think are going to fight each
other enough and if we keep our eyes
open this will continue to be the
greatest country in the world and
hopefully even better if we rise up to
it if not the best days are behind us if
we don't learn our lesson from the last
three years if you like that clip check
out the full powerful episode here and
I'll see you there
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