E128: Google enters AI wars, Druck’s warning, Trump crushes CNN & more
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Alright, everybody, welcome to be all in podcast. Lots to talk about, but right of the bad. Congratulations today with freeburg, who is the chairperson of the all in summit twenty twenty three on the big announcement.

We're going to be having the all in summit september tenth, twelve at rose hall at U. C, L. A in los Angeles, california. Your tickets are now on sale and selling out quick free work. Maybe you just give people a little overview of why you selected the location and what you hope to accomplish in terms of the programing. Just brought strokes and then will get .

right into the shop. I think the general headline is today and tomorrow where we were we had IT, I think, expLoring the state of the world and interesting things that were united that we're kind of excited about in the future. And we want to have great conversations with Candy people that can give us kind of you know, they're very honest on the ground points of view on everything from technology and markets, mro, science, society, cultures.

So we're going to talk across all those different topic areas and similar what we did last year before of us on stage having conversations with these folks. So pretty excited. I think L A is a great location. There's obviously availability for people to stay. There is great venues for us to do the evening events, and it's certainly super accessible for folks from all over the world.

And we decided this year to have three tears of tickets, will have the VIP tickets, will have scholarships for people who fill out a form so we can, you know, have really great diversity representation at the event and up in commerce, maybe who could not afford the VIP ticket. But in between, you decided to have a standard ticket as well. That's just fifty hundred bucks. And they'll be a VIP launch this year for .

the VIP tickets and a plant .

bug so that I can take care.

The V, I P properly.

keep you guys, what is my wine budget? Let me treat the v like the v that they are.

What would you need per night, per dinner.

per person depends on how many people person.

But you say per person per night is IT like two hundred thousand a person, a hundred thousand per person per night because a person drinks a half a bottom one, two, three .

glasses like you know three to five hundred .

thousand. What is the .

trifle budget for the .

conference?

The trouble budget is for the trouffle. We can only have a team. Yes.

White and black truffle season is a dead zone. You don't want to be in that you got to either way to the winter or you got to enjoy the early summer.

We have to have a conference in early november. At that point, we can focus the entire V, I, P budget if we were, according to me, spent on White truffles and wipe.

Rainman give.

We open sources to the fans and .

they just got razing.

Aren't everybody let's get started to my my hopeless as with this as well, the dictator himself and David sacks, the rain man. yeah. Google had their I O event.

They announced palm two google language model is gonna powered twenty five products, including bar, which is got coding capabilities. Now, I guess to go up against github s copilot pump to will have improved multi lingua way. What to cross one hundred languages.

well, is going to support .

a hundred languages, and it's going to be Better at mathematics reasoning. They also announced duet A I, which is basically google sweet of general AI tools or dog sheet drive, all that kind of stuff, kind of like a copy of microsoft copilot tools that saxes talked about a whole bunch. The guide on the, if you will, they teased the future where A I can uh, summarize socks, which box A I are in leave is doing.

They also previewed pro active prompts in the sidebar of google dogs. And I talked about that a whole bunch on this can started ups. They're ona also now add images and replies.

Have you guys used part in the last .

twenty four hours? I used IT last week, not molest me for hours.

I think I should use IT. We should talk about IT. It's really impressive.

I is Better than ChatGPT at this point from my experience and talk going through a number of things because it's actually connected live to the internet. It's connected live to search. IT can pull down real time data for you.

You can do real internet searches for you and just give you the result is is extremely powerful. I feel like it's the product that google has been scared to do, which is the product that, that can truly disrupt search. And they're doing IT.

So I how do I try IT? Do I just google 点 com？ No access needed, no cost.

Oh my god, this is great and serious.

Ly, use IT and IT does real time search, and it's one hundred and eighty languages and converts a generate images for you can generate charge. Result is really powerful guys. Google has thrown together, I think, a lot of features. And you can look, google's market caps up one hundred and fifty billion dollars, and I do is okay.

This is pretty interesting.

And so sex a lot.

some of a lot.

What we've been talking about with respect to plug gans and the tooling built into auto GPT, many of the most interesting kind of applications that folks have kind of demonstrated or utilize are are really kind of built into this bar product.

Okay, I love barb. Can I just give you guys what I just tried?

Good guess, guess. I guess, guess, guess was is something about free bergs aines in us? No, he wasn't IT. You're any show. okay.

Then tell I my first question was, why is David freeburg such a sell out? But the answer confused him with an actor. So let's forget that. My second question was, is Jason cAllan annis of virtue signal? And the answer is fantastic.

Jason calcining is is a venture capitalist and entrepreneur who has been accused of virtue signal to is the act of public in expressing opinions or sentiments intended to demonstrate one's good character or the moral correctness of ones position on a particular issue. There are a number of reasons why people might accuse Jason kalkan. As of vertus OK, for example, he has been going to make public statements about his support for social justice causes, but he has also been criticised for his lack of concrete action on these issues.

Additionally, he has been accused of using his platform to promote himself and his businesses rather than to genuinely advocate for social change. That's ultimately whether or not Jason coca is a virtue signal is a matter of opinion. There is no clear consensus on this issue, and there is evidence to support build size of the argument. However, IT is important to note that virtue signaling can be a harmful practice, as I can lead to people becoming desensitized to social problems and make IT more difficult to address them affected.

This is some works waiting, see what I mine, I have bark is to the horrible human. Here's what hard time to say my how hopital is a complex, individual, positive, negative qualities. He is a successful of venture capitalist, and but he has also been criticize for spoken views at past actions.

Some of policies is polite, qualities include his intelligence, is ambition and his drive to succeed BBA ba. He's also been criticized for his arrogance and lack that is really nice to exploit people for his. So 给 this is perfect。 It's a singularity.

It's baLance. IT is giving you like the good and the bad oh my god, that's a this a very fair answer. Ultimately i'm a complex is a hard a lot of opinion I love IT I asked IT, where is the this is gonna really show you the power of this.

Where is the all in summer twenty twenty three being held in? How much are tickets? So like two questions that are deep on the website, and IT says there are two all in summit that's that's an advertising associates and that he says the oil is trying to three will be held september ten and eleven.

In three with we are voice hall. Tickets are fifty hundred for general mission, seventy five hundred for V, I, P. That's insane.

I think it's so freebies. What are the key differences between barton and ChatGPT just because you have used .

that on the modeling side, they're claiming a much larger, more robust model it's linked to, to the internet. So it's linked to live search, which you can do with that, which is based on the static training data set. So bar can actually engage with dynamic content and a dynamic content generated across the web.

And then it's integrated with a number of google services that basically can take certain life feeds of data like flights and stock Prices and so on. It's free. You don't need to be charged for for over.

You say you don't need to sign up and get access. It's it's just available to anyone. I mean, I think this is the game change to everyone is .

hoping for a free I I just asked, did stand drug a Miller by in video recently so IT wasn't able to find the transcript of his thing but I did find the thirteen f and so yes, according to the the th quarter of twenty two and purchase one eighty two thousand nine hundred and fifteen cheers of video I just said.

what was google restructuring expense in current q one twenty twenty three and that says according to google twenty twenty three q one earnings report, the company enough restructuring expense of one point six billion, including the decision way of twelve thousand employees. They were part of a broader structuring. I mean, that wasn't IT was IT basically passed through the press release, pass through the key one data.

It's really pretty impressive. huh? I mean, what do you just to David s.

what is David sax? Think about hunter biden everywhere on the olympic knows, but lets see what bark knows. He's not publicly commented on a tribes.

However, he has been critical of the binding family business dealings in ukraine. In the twenty ninety interview, sax said that he was deeply trouble by the biddable oman. Ukraine believed IT was a conflict of interest for handby ding to serve the board of racism. Is pretty interesting. I don't know that's .

clearly inaccurate. I mean, I was not talking about IT and two thousand and nineteen. Think about that that you are doing this pod.

Yes, the question is, where is he getting these quotes? And then why isn't IT give citations? Well.

also, wait, sex has been a critical that prom administrations use of hundred bion's business dealing says a political weapon.

Yeah, that's not true. You've never criticize.

The triple ministry are wrong.

And I said to, can you access and and think about this data? Said, this is where google has unique vanes. I said, can you access the youtube transcript data and that says, yes, barred in a great youtube transcribe data.

I said, you have access to transcribe data from the len podcast channel says, yes, I do have access to the transcript data pod test channel said, can you set data some? And now what did sax say about counter fighting in that show? And so I would guess so think about the answer .

so far and playing this .

to be very inaccurate.

yes. So David sax appeared.

He said he believes hunter and is a deeply troubled individual, has made lot of bad decision. He also said that he believes another bidens business dealings in ukraine were highly and ethical and that he believes it's impossible to show. This is transcript data from the pod. However, sex also said that he does not believe that one hundred bidens business dealings are a court smoking gun that proves that joe biden engage any wrong doing. He said he believes that the evidence against the biden or courts scummed antil is, quote, circumstantial, and that he does not believe that there is enough evidence to each saxes comments about hundred by and were met with mixed reactions.

Some people agree.

I think accurate.

It's it's summarizing way that neither of us actually said IT yes. And they're missing the key points about what I did say.

I asked a pretty complicated question here, and I think I did a pretty decent B. I said, I would like to fly low premiere on air, friends from the west to europe. Where should I depart? And I got a perfectly L, A, S, S, A phone and seattle to come a.

oh yeah, I just asked you to give me the fastest right to bora fino and IT IT gave me the exact light lay over in germany. It's like flight muonic the train and I game the full schedule, which, by the way, google flights can do as you go to google flights and all IT. Does this give you the flight? tina? I can integrate a lot of different data set to give you these answers.

Did you say fastest, rather fastest flight? What did fastest out? yeah. So I don't want to spend the least of the time traveling this one. My objective, this is why I was saying, I think you guys should play with this tool a bit IT is, I think, head and shoulder above ChatGPT. The models supposedly Better. Obviously, other people will come out with with kind of no measures of that and estimation whether that's crew, the extensively the integration of life data and the integration with google's very unique data set is what so powerful that they have access to flight data that that they have integrated youtube transcript h it's just super powerful, super president dam.

I am using this in real time and I do find the interface to be snapp er than ChatGPT. And I like you said, IT doesn't need the browsing plug in in order to scrape more recent data from the internet that I wasn't trained up, but i'm not finding the answers to be more accurate and i'm not finding them keep more detailed. Are not seeing a reason to use this over ChatGPT. I prefer ChatGPT so far. And just .

telling you, okay, well, I .

important.

Well, I mean.

clearly ChatGPT going to make the Brown browsing plugin. Much snapp ier and like much more part of the core functionality rather than something that second out on yeah on it's got A A building incorporate the most recent information. I did ask some questions about the ukraine war and then IT gave me like a highly compressed you.

And I said, please provide more detail. And then it's actually a pretty good job expanding IT. And I did IT very quickly.

But if you look at the view draft thing that's always been to one of its strength is that I will format at at three different ways. Who are you by default if you go to the top, right? So can t ycl through the m.

But that's an existing picture. I M, I T, I O.

it's one of the obviously important releases that I thought they were .

going to catch up. Real cake. And this seems like we had a race on our hands down.

But I think the point you're making, freeburg, is a good one, which is when these big companies just get their act together, it's very hard to design whether something is IT, eighty percent is good or hundred and twenty percent Better. There's a fuzzy grey area where a lot of people can find utility in a lot of different products and then the one with the Better distribution wins.

And so if they take part and they have the confidence that are just integrated into gmail or integrated into these other points where the city of hundreds of millions of users, that's like a really tough distribution barrier to overcome. That's the next step that I think if google really wants to win here, they have to force distribution of these tools in line to where people are. And if they do that, you are not going to know the difference between eighty and hundred percent. Somebody ophite ticad IT sacks may be able to, but the average person will just be like, this is good.

And you got distribution. I mean, like with all products, the the kind of key advantage distribution that's the platform .

advantage can I show you and answer anything it's like super hlubi ating on. So I ask that what is David sexy about sas? And then it's venture capital entrepreneurs tensely about SaaS.

He's founder. Am okay, that's true. But then IT says he's also the cofounder of we work.

Not true, didn't know that then that says sax grand says sax has a move. Articles about things including and then all five of those articles were not ruined by me. It's basically like hycy ing like really strongly.

So there's significant .

hlubis ation here. Oh you know what .

bar is at the after party for google I all right now and it's had too much to drink. So it's straight up wrong. This is why google didn't want to release this right free berg, like they don't want the google brand associated with these illustrations that nobody cares what OpenAI spend.

This was a big part. The innovators delima that google faced, which was, number one, IT, could be disruptive to the court business. Number two, IT exposes them to regulatory cretney.

And number three is, if they make mistakes, going to get more scrutinised than some you know rinky, nicky, start up or everyone's forgiving. But it's great to see what I think as a shareholder is great to see them take this risk. IT is great to see and put this out there.

They're now released robust coding capabilities. They've integrated scientific research papers. Obviously, they are going to continue to improve model performance and improve integration with these data. S and they have a very large head down, I think, north of ten thousand people working um ten thousand smart people. So if you can organize those people and we've got this significantly advantage infrastructure, they have a real shot at being a platform player here.

The question later is gonna, how much is this gonna be rup core search revenue? You know what categories of search revenue you are going to a get disrupted, and you know what, they gonna make that up in other ways. And I think time will tell there.

But I think this is the progress that shareholders and investors were looking to see with respect to the product competition in A I. And certainly, some shareholder still want to see continued improvements on the cost structure of the business, but that's a separate topic. But this was exactly I think I really hit the bull's light on what people were looking for.

I don't see up to both. I like sist. I just asked IT, can you give me a complete list all the articles on sa sex in the last three years? So now at least it's over the target. Those five articles dimensions are correct.

ChatGPT do that?

Well, no, because the browsing plug in, right. But i'm saying like they got a lot of work to do. Your own quality they are do. But IT is snappy. I finally got to these five articles being correct.

I regulation, we talked about IT five weeks ago on the show. I think, well, there's been some movement there. Vice president harasses met wood CEO of alphabet, microsoft, OpenAI sender satire and sam discuss implementing A I safeguards and then on tuesday, sam altman was interviewed by Patrickson um the sea of strike and he endorses the idea of I A E A for A I that's the international timidly energy agency. So is that um hyperbolic solutions a grander or write on target?

But the interesting thing about the I A E A is that what i'd learned recently from the C O planet labs will martial is that the predecessor organza to the I E is really this organza called pugwash. And what that was einstein and bertrand Russell in the fifties post here, sir and naxa I bringing together academics to basically create a way to think about nuclear disarmament going forward, just because they also saw the damage.

And there is A A large framework that set up the current, the nuclear zone treaties and then the I A E A was set up after that. And so I think that there's a thread here, which is basically what he saying is there's something around nuclear disarmament that is very similar to A I, both in terms of its potential, but obviously in terms of its risks. And so there's like a whole monitoring framework.

There's a know your customer kind of framework. These are not on federal things that can just live openly in the while. So I think it's interesting to acknowledge that sam, who's deep in the bowls of one of the most important companies, sees both its potential. But it's danger enough to say that this is how we should think about IT like nuclear weapons, I think is a very important thing to ACCA wodge .

and the White house pledge to release draft outlines for A S safeguards that the national science foundation plans to spend a hundred forty million on at A I focused research centres. Ftc chair lan icon road to guest S A in your times going for a regulation due to large a risk concluding monopoly, solidity, fraud, extortion and bias and he thoughts there, sacks about adding regulation to the mix right now. Or we shopping the gun here and gonna smother this thing before I even gets correct answers.

Serious risk. And the White house also announced that commonly horse would be the A S. R. For this issue, which I don't think inspires anyone with conference that they're gonna know get this right.

Look, my concern here is I think we should have conversations about the rest of A I we should be thinking about that. I think people in the industry need to be thinking about what god rails can be put on IT. I think he launch raised, I think, long term concerns about whether this could lead to agi.

You based create a super intelligence you can control. I think people, the industry haven't really figured out how to address that. That promise called alignment.

And everyone trying to figure out how do you even make aligned work? Is that directly possible? So there are real and valid concerns jacka you raise the issue of the fakes, I think prevents the data, can be real issue, people committing fraud, or, you know, other kinds of criminal acts using IT. So there are real concerns, but the problem is that we have no idea how to regulate this yet. Yeah and the fact that combat heroes, the ayes, are now again, this points the fact that nobody has a good idea of what is supposed to be or who the experts proposed to be, and this idea of creating an atomic energy commission.

Look, I can see why sam and other industry leaders might want that because they're gonna quickly developed relationships that the biggest AI companies, which now includes OpenAI, which has the backing of microsoft and google, and the biggest of the big tech companies, they have all the lobby in washington, and they have all the political connections. They are the ones who are huge donors, and they have political relationships. And they're going to help construct the regulations and game turn into another example of industry capture, just like for a junior talks about on the show last week when he talked about how the big weapons companies influences our foreign policy, the a way that the big former companies, the fda and so on. We're going to end up in the situation which the big tech companies have in order to influence over this new regulatory agency. And since it's not clear what the regulatory agency is even able to be doing yet, they're going to end up promoting ating a bunch regulations that create a buried .

entry for the little guy.

for the big guys. And they'll slow down the whole Price of innovation in the space with some people might like. But I think is really the best hope that amErica has to get out of its horrible fiscal situation.

All this death. We need a massive productivity boost to get out of the massive death bubble that were in. So what i'd hate to see is that, yeah, we we basically kills this thing in the cradle.

interesting. Yes, we are in a deep pit here. And standing drug will never gave a speech of USA at the thirty seven annual meeting of the U. S.

A martial center for investment studies and expressed concern about the financial crisis that OCR could occur in the twenty twenty five to twenty thirty five period due to the baby. We were turning sixty five in the impact on entitlements. He predicted that in twenty five years, spending on seniors or grow to sixty percent of all taxes.

Here's a look at the chart you can see today there, uh as the the vertical line now about five percent of our GDP goes to social security, uh, today, and about another five point five goes to a medicare, medicaid. And it's predicting here that those combined will go from what looks like twelve percent today, up to twenty four percent of GDP. Your reaction fever.

I mean, my reaction is is another very important voice stating the obvious, like the arithmetic just doesn't work when we had R, F, K. On last week, I provided him on his stance in point of view on the federal deficit, the fiscal deficit the government runs. And the entitlement programs that are only gonna well and the debt burden, which has an interest payment obligation on IT, that the interest payments are swelling.

And when you do the arithmetic on all this is go to a balloon, the cost to service the debt and without some degree of cutting across the board spending and entitlement programs, stationary spending and entitled programs, you can't make the interest payments, which all you know inevitably leads to some form of default. So that's just the math on the way this all works out. I think what he's done is put a pender paper and show that you know call IT roughly twenty twenty five to twenty thirty five, you start to run into that fiscal scenario where you know you can no longer generate enough income from the U.

S. Economy to fund both the interest payment obligations on the federal debt as well as these entitlement programs and something gotta give, either you're gonna to defauts on the debt or you're gonna to cut the entitled programs. And the point he's making is up.

The longer you wait to cut the entitlement programs, the worse is going to get because you're a cruel, so much dead in the interview. And as we know, that becomes very politically unpopular and was so scary to me. And i've kind to share this and you know obvious ly to move as a different point of view.

But IT feels to me like this is that don't look up movie moment where we have this like, you know, looming disaster. We we don't have any fuel in the car. And all that everyone's talking about is where we're going to drive the car.

And every political conversation, every candidate gets on stage, gets on a podcast, gets on A T V show, and they talk about stuff that is simply not feasible, and the direction setting with respect to social policy, war, geopolitics, you know, how are we going to take care of our middle class? None of that stuff is possible to actually execute against without recognizing and acknowledging that we don't have gas on the car and we have to figure out how a gas up the car. And so it's great to see drug and Miller being vocal, putting very simple, clear slides together.

It's like what I mention in the past, I would love to see a clinton bill clinton asked flight deck where he would come up with a poster and show everyone here's the economy folks and I think drug and did a great job and I encourage everyone to go watch that. Um there's an audio transcript of the talk as well as the slides are publicly available on the internet, will put the links in the the show note here today. I just think it's it's uh whether or not you agree with the outlook, I think it's worth everyone watching and realizing how serious of an actually is and why this has to become the number of one topic of conversation going to the next presidential election cycle.

He's also closed. He shot the dollar along gold uro oil and add, which I guess is the australian dollar. And he's also long in video and microsoft believes in videos.

Got him up on the chip market. I've got a question for triathlon and to sax. So timah what you're just reaction to this. Do you think he's doctor dooming IT? And we can have all this that and then the question then becomes, is there any way out of this?

We had a trump town hall, my head, to bring that up and go back into, you know, this ort of trump commenter in all this. But he's the lead candidate, sax. And he said he thinks we can get out of debt. We just got to drill a bunch of oil, joba baby drill, and will get out of this problem, be able to rebounds the budget. So too often.

and sex won't be clear. I don't think it's great that we have these enormous deaths and entitled obligations, but I also don't think that there is some magical number where the economy breaks. And the reason is because where central do not just our economy, but everybody else's economy.

We are the reserve currency of the world. It's not changing anytime soon. It's not even close, and we are, for Better or worse, anything, sex.

And I don't like IT, but we are the world's policeman. We are a bunch of things. We are the worlds center of innovation.

We are the worlds center of these great leaps forward in humanity. When we talk about all these different things, these are coming from random countries. They're coming from the united states. We can debate which company, but we're never debating the country.

So I think that there is a legacy of value creation and innovation that we've always been at the forefront of, at least since amErica was found that so seventeen, seventy six to now, I think the reality is that debt GDP will continue to increase. I don't think a single politician can practically get elected by offering to cut entitlement spending to people that have spent their entire lives being into a system. So as a practical matter, this thing will go up and I don't think the economy will stop.

I think that economics or a relative problem where you have to weigh countries against each other, and what that means is the economic vibrating y, the productivity, the intellect, all of those things where we have to compete with our salvador, we have to compete with nigeria, we have to compete with india, we have to compete. And in that context, there is very little historical artifact that says that there is a breaking point. So I just think that if you observe the moment, it's not that what free proposing is bad.

I'm not exactly sure that it's particularly actionable. And I think the disproportionate amount of action is actually the opposite, which is to reinflated the money supply to reinflate assets, to create artificial prosperity and spirit to many, many, many people. And I think that the you have to think about how do you want to activate your view? I can believe whatever I want, but at the end of day, I don't want to act in a way that's against my economic best interest.

Quite on esty. So I believe that winning is measured in dollars and sense on these things. And from from that perspective, I don't particularly like IT.

I think i'm emotionally more aligned to feeder. But the practical reality is among the opposite side, which says the governments will keep spending. Inflation will be here. Assets will keep inflation, the m to money supply will keep going up. And on general, along the united states, in short, every other .

country to mark. Doesn't that ultimately lead to just inflation? IT initially started to the inflation of assets and asset Prices, but IT ultimately leads to the inflation of goods and services, which can cripple the economy because then you know, the middle class can't afford things and you have economic slowdown. I mean, that's the historical record of having these kind of inflationary moments.

P, I mean, inflation comes and goes, but the position of the american U. S. Dollar hasn't changed again.

You have to remember, like a lot of these foreign ments, one hundred and eighty seven or whatever, the number of countries outside the united states rely on the U. S. dollar.

They don't want to own their own currency, right? And so, yeah, you're right. Dollars do get inflated. But that increase purchasing power also actually drives the baLance of power back to the united states.

Because all of these other folks, all of a sudden find the ability to import the little bit cheaper. Their economies get slightly Better, but the U. S.

Dollar actually still as well. So there's a complex of interactions that are all relative. So I think it's very hard to point to the U.

S. Middle ass and say, hope. This is why the U. S. breaks. I just don't see very many good examples in a modern globalist era.

And there are examples, and I think great o has pointed this out when you look all the way in the back. But to use the U. K.

Right in the fifteen and sixteen hundreds of the east and india training company when we did not have a global economy or a global reserve currency. I don't think it's very useful. There's things you can learn, you know, taxation.

I think we can learn about why taxation does kill innovation. You said that before. I agree with that. But I I don't think there's much value in saying because that happened in these moments, it's going to happen exactly the same way here.

And I think what people don't understand is we are in a unity singular mono economy that is anchored by the U. S. dollar.

Sex and sex, great.

I tend to be on the freeze er drug Miller side of this thing. Drug miler had a great quote in this interview, he this game so I don't know where did you mention this last week that he said that that he compared the debt ceiling in fiscal spending to worry about whether a thirty foot wave will damage the peer when you know there's a two hundred foot to omi just ten miles out. yes.

So what he's saying is like our short of situation is bad. The long term situation, which is even that long term, like ten years out, is even worse. And I think there is a growing feeling that our political system is not up to the chAllenge of dealing with these problems IT seems firmly unserious we never discuss IT the media doesn't really present us with that information. And you has an agenda.

You guys want to make a bet sex. You want to .

make a friendly way.

You with me, what's okay? I will bet you that data GDP gets two hundred before. That's the fifty. And I bet you, however, amount money you want, and we can, we can do IT for our own personal gain .

or virility. That may well be true, but but the question is how how bad is to a percent?

That's P. I is a really bad scenario happens. Yeah, we will have a lot of money.

You will just have to profit from IT. If you think it's happening, your job is to profit from IT. I'll make the same back with you. freeze. K, I think he gets to two hundred before IT gets a fifty or two.

fifty or three hundred. You can pick your number.

I think you will. Let's do the math on that rock the size. Gd, about twenty five million were 3， two trillion of debt.

If I have two hundred percent, that s GDP right now would be at fifty trillion of debt. Now let's assume that you an interest that which you need to finance that 42。 So I think four .

percent to calculate the duration.

I understand. But this, this, this, this is basis four percent. So four percent on fifty trillion is too trillion in a year, which is isn't I like half the budget?

Yeah, more. And that s my point. That's why you have to see taxes go up to over seventy percent because it's the only way you can. You got a tax, everything, in order to fund that.

The U. S government collected two trillion in fiscal year twenty twenty three. Now I guess you haven't done a complete year blood. The two twenty twenty two IT basically collected three point seven trillion.

right? You're using more than half of the governments income based on the current tax rate to fund the interest payments on your debt. That's not even to pay for social services.

That's not even to pay for the defense. That's not even to pay for government services. That's just more than half of the income.

I guess maybe just speaking each other, I guess you guys are expressing anxiety and concern, and i'm just expressing here's how one would make money because it's pretty obvious what's gona happen. We're going to two hundred. We're not going to fifty.

So I just kind of come party, make money. I think there's a lot of ways that you could make money. I'm not going to share those on the pot anymore.

but there is always what's the trade there?

Stand rock.

Miller said. It's the opposite of stance trades actually. So oh, okay, that's good. That would be an easy way to actually .

you go you go on the dollar and short cold. No.

because those are like antiquated ways of making money, where you have to have this convoluted derivation agreements with these banks. And i've done this before, where your lever to billions of dollars of risk IT proves nothing. And I don't sep all at night.

I think that there are similar strategies that you can implement. But I think stand is basically batting that the U. S. Would break and that we will be forced in some way to bring debt GDP closer to fifty, ten to one, fifty or two hundred. And I would just bet the opposite and it's not because I wanted to happen or that he's not intellectual or morally right. Also.

inflation down again, we've kind of gotten used to this, but this that this is a particularly interesting chart. If you look at food, goods and energy, all going in the right direction, services still very expensive. Any thoughts on the fed and inflation as we wrap up on sort of we're rat, here is another twenty .

five basis points horr. Inflation is very sticking.

right? yeah. I mean, what C, P, I is down to four point nine percent, but the core actually was up IT was up IT IT was up .

at the five .

point three percent. Like, so yeah, the fed is IT rates another twenty five basis points while we have to, like, five point to five percent, always ready to stop. You know, two hikes ago because I thought that the economy was breaking in, the banking system was breaking.

They're up to now to five and a quarter. You've got core CPI still sticky. Yes, CPI is coming down, but IT looks like, you know inflation, solar problem. This is not a great set up for economic recovery.

And if you believe, here's upon with accepting the idea that inflation this can be persistently high, as if inflation remains persistently high, then the fed won't be able to lower interest rates. So they'll need to keep them elevated. They might not even need to keep raising them. And if that happens, they'll continue to be incredible, stressed on the banking system and more banks are going to break. And then eventually, that will create the conditions for the financial crisis.

I think the thing you guys have to be open to is the fact that we've never really tested the ability for the U. S. To borough durazo beyond thirty years. And again, we talked about what an error was in judgment for the treasury not to issue hundred year bonds.

But I think if there is any country in the world that can issue hundred year bonds at the united states of america, and I do think that they'll be able to get the rational assets that are that far out on the yield group. So I again am less concerned about the that wall here because I think you'll be able to push maturity out. You'll be able to refine a bunch of short term obligations into the future.

And if you look at where the yield curve is, ten years at three and a half, three forty something. So the thought is that inflation goes down. If you put that out to one hundred years, I would be very surprised if ten hundred years rates, if they pried on or somewhere sub one percent.

So I do think IT becomes effectively free money for the united states. And I think it's just the practical thing they need to explore. By the way, corporations have explore these fifty year bonds and greater.

So I think it's just like it's a matter of mathematics, as you guys have just illustrated here, that the U. S. Has to push up past thirty years.

So we'll have fifty year U. S. bonds. We have one hundred year U. S. bonds. Again, i'm not here to claim whether it's right, wrong, but I think the the simple way to acknowledge that is just that we are going to reinflate the money supply over the long term because is the only sustainable way that politicians can get elected and reelected. And I think the best thing to do there .

is to own risk is let's move on to the presidential election. Roque, what i'm curious, gentlemen, last week we had our kon, did you get any feedback? Uh, the the show obviously did really well.

A lot of people watched. I got a tremendous amount of feedback. People thought he was a fascinating, interesting character.

Some people thought he was a conspiracy theorist. They pointed out a bunch of different moments, yeah, during the interview. But what was the general feedback? Again.

my biggest thing was, I think he surprised a lot of people to the upside, or other people failed me, saying they thought one specific thing with him. And we try to address IT, which is he's painted as this kind of like conspiracy theory or antivari son by the mainstream media, and overwhelming so much. The feedback was, well, this guy is so totally different because you gave him along long format in order from to really talk. I thought he was really engaging and very interesting and very .

smart sex to do a feedback on IT.

yeah. I mean, I think he is very authentic. I think he's very principled. I think that he is a rebel in a way, I mean, to grow up in the Kennedy family and to be part of all of those eec circles, whether it's in hollywood or harvard or where do they go for the summer. And eetes circles said he grew up in right.

And for him to D V D, from democratic party worthy oxy and elite ite, thinking in all these really significant ways shows that he is, again, very principal, very authentic, and I think a rebel in a really good way. And he's telling people a lot of things that you just don't hear on the democratic side and through the mainstream media. So I think it's all positive.

Yeah, I got positive feedback on a freeze. G, the one thing people said was with some people said no one, but they expect us to push back, maybe on him harder or something, or be harder. I thought we did an interesting job of letting him talk and really taking these topics to ten or twenty minutes each.

The one people were particularly, I don't know, concerned is the right word or puzzled by was that we didn't push back as much on the vaccines stuff. We just let him talk about IT a week later. What do you think about his vaccine position? And would you have push back more? Or do do regret not pushing back more? Freeburg are so kind.

he made a lot of generalized statements or statements that I think take a concern about one thing and they make them evidence for a whole thing being off. For example, there is a vaccine, that is, there was a vaccine that had mercury IT. Therefore, all vaccine are bad.

Oh, we over vaccinate now. Many vaccines today that kids take going into schools have saved countless lives, and they've had a really critical role in reducing a lot of child borne illness. It's been, you know, just an incredible advance for humanity, for medicine.

Etta, I think he had a number of points he made about the covered vaccine, and I know he's made these points for many years. He kind of extrapolate that you IT evidence that vaccines are generally overprescribed and overuse, and farmer companies are just out to make money, and the government is aligned with former companies to just cry to make money. I don't think that is necessarily true.

I think that there are certainly incentives that can drive bad behavior, but I do not think that won't. Looking at the evidence about counter evidence and in evidence of of safety and benefit that childhood vaccines should be kind of change in terms of how we're doing things today. There may be some things to change, but generally, I think they're very beneficial.

So I I don't love kind of how he frames these things. And I think that instead of having of a more nuances conversation about this particular thing and this particular example, he blanked things that people get scared. They're like, oh god, you're right.

We should stop doing accent for kids. That's very dangerous. That will be very bad for society, be very bad for our kids. And I think that that we need to kind of address that in more detail over time. It's one of these hard things where you have to have kind of a new once conversation, give people all the necessary depth in context to feel Better informed, to make a Better decision.

Because, you know, is always this kind of grouping fear that if something is off and i'm getting, you know, poison or i'm getting bad medicine, or you know, people trying to make money off me, people immediately react negatively and angrily. And they want to kind of resolve to A A blanket position. I don't think that, that's healthy. So i'd love to have A A deeper debate on that. The reason we didn't go into IT because we didn't we had limit a time with him and we wanted to take our time kind of giving him a chance to talk about the overview of topics and getting his point of view across the the set of topics that we generally thought we're going to be relevant in the .

this election cycle. So that, that was with two hours, still talk for two hours vaccine.

Could I dress the conspiracy theory point? Yeah, sure. Is the first fall that that label conspiracy theory doesn't pack the punch that I used to. As you're recall, anyone who thought the virus might have come from the uhm lab was once called a converser theorist. If you believed that fouche and the nh for funding gain a functional research that was doubted, considering theory, if you believe that cloth master not do anything, that was a conservation theory, if you believe that one hundred biden was getting paid off by foreign ments, that was a converser theory. So this accusation is doesn't really take the same pound.

not having relationship with the russians and his family meeting with .

the russians multiple times versatur c city. But in any event, my point is IT doesn't pack the same punch. In fact, in some cases, starting become a badge of honor.

It's that's one thing. The second thing is when you listen to make his arguments, he's not just alleging certain things. He's laying out his evidence, right? He's he's connecting dots.

He is explaining the coalition tion and you can disagree with that, but he is thinking in terms of like causation and IT. Maybe think about something that Peter T. O once said about, you know, founders being asked.

Gers very flipped him on his head instead. What is IT about our society that talks founders out of all of their contrarian ideas unless they are little bit as workers? Ah interesting.

What is IT about our political system and our media that talks people out of seen causation unless they are a little bit of conspiracy theory? And what I mean by that is look at somewhere. Cisco, okay.

All you have to do is walk down the street and you can see that things i've gone on told off the rails and whatever we've done politically is not working. And at the voters and services go just like completely blocked that out. They don't see any qualification between the way they vote at the city level or at the state level and the policies that are manifest on our streets. They just don't see any coalition tion there. And you can just play that movie over and over again.

Our elites don't see any coalification between the way they ran in the country and the election to trump, the fact that we hold out our manufacturing in the rust belt by throwing open our markets to china, exporting our jobs to china, the way that we count all this money in the forever wars at the middle east, and we're going to what your reviews are on those policies is pretty obvious to me that they help cause the rise of the trump. And yet you just can't get the media to see any cautious ation between the policies they endorse and the inevitable reaction to them. And so the way I see this is that our political analysis, certainly our main istory media there, is completely bereft of seeing any coalification between policies and the problems in our society.

And so along comes R, K. Junior, and he is willing to actually connect dots. Now you may not agree with all the dots he's connecting, but maybe IT takes the same way.

Maybe IT takes a little bit and ask burker founder to stick with your control an idea so they don't get talked out of IT. Maybe IT takes a guy like Robert of engineer not get talked out of these things that he believes, some of which I think are just obviously true. I thought more .

of the salient points made was just he listened. Farmer spends an awful lot on advertising. The media is dependent on that advertising. They don't seem to criticize IT all that much. Maybe that something we should look into now I don't think that like fister is writing the script er Anderson Cooper but you can be sure that if fizz didn't like something Anderson Cooper said they somebody they call IT CNN and and say something to and have a conversation about you know setting the record through whatever are you framework speaking of CNN.

right? Don't leave that point. Before I thought I was a really interesting part of the conversation when he mentioned that he have been friends way back with Roger ils. Yeah Roger ils specifically told him, yes, that they could not post certain or televised certain content if IT was too critical of farmer companies because they were.

then no one advertiser. yeah. And should farmer companies even be advertising? So then over sun, let's say IT was a conspiracy theory, or he is like way out there in terms of his belief. But the fact is that does bring up the point. Should we actually be letting farmers companies advertise on television or undue programs?

Maybe they shouldn't be allowed to be uniform. And I like sumer, who watches the rug and doors .

they can ask their doctor about IT, yeah. R, I was picking of CNN. There was an absolute train rack of a presidental toward all with a moderator name, katine Collins.

I don't recognize her name. I don't have just show on C. N.

N. But I saw the clipsed from IT. I couldn't find the fall debate, but my lord, was this.

That was unbelievable.

He got a standing ovation. He absolutely owned on every question. All of her questions were about Peter january sex. You know, all of them are valid, but none of them were about running the country essentially. And he was hilarious, at least to the audience. And he CNN staffers are really upset that they did this, that they gave him, that they platform him, which shows you exactly where they stand. They're upset, I guess, theyve thought they could own him and they didn't.

Did you see the part where he was talking about the trial? And he's like, and he has a cat name, vagina.

did you real?

And I just touch myself, is this going to be but the next year and a half, we're going to have these down holes. And then I thought.

all he's going to get elected is the true that agan Carol has .

a cat name vagina? I have no idea IT. That was a pretty visual section. And then I got the sense that CNN management wants this. This is like a ratings baLancer for them and I think they surely want him freeport excited is so true. He's so .

entertaining and I was like, man, it's like a one of one of your old T V shows that you don't really remember watching a lot and he comes .

back on he's so ridiculous is and then you realize this guy is just an entertainer, really he's a terrible politician. Bill bars, did you see the bar interview? The bar clip that I share that is just hand about trump but so he's a show man and he's a great show man. You know, he's entertaining and you realized that he was that all he's ever want to be was like famous and popular and on television and and he got all of those things. And he took IT to the to the most .

infinite level. What bill bar said was most, it's chaos when he actually tries to get things done. He can't get things done right. And he'll tell you all the things that you want to hear, that he wants to, that you want to see, get done. He did this to Peter till, and Peter till spoken about this publicly.

So i'm not saying at a line here I enough this is something that's on the record or not, but I was publicly stated that Peter was disappointed that trump did not get the things done, that he said he was gna get done. And I think that's really what what he does is he insights, he entertains, he gets people engage, he knows what you want to hear, he sells, you want IT. He cripples the establishment, which everyone feels treated poorly by that everyone feels held back bay, that everyone feels has taken something from that isn't giving something to them.

And then he says, you know what, i'm going to fix all that for you. And then you get excited by IT. And then all of a sudden he doesn't actually deliver IT. And in four years have gone by and we've forgotten about IT, and he's come back and his kind of tilting again. So I I think I think the reality is he's got a real shot getting reelected here.

Oh my god, I go on here and start with his sack. I mean, he said january six was like a beautiful day. He said that everybody in the republican party who said he lost the election is wrong, and that the election was, in fact, only like, he literally double down on every single thing, right? So at the end of this, he gets a standing ovation.

Help here. So how did CNN pick that audience that they do that on purpose? Did they know that was going to be the outcome? But at the end of the day after that, is that increased his chances of winning the republican nomination in the presidents in your mind? Sacks.

yes, of course he does. Why look? Well, look, I mean, Donald trump show that he's a four of nature.

He's a wrecking ball. He went in to C. N, S. Carefully laid trap, where he's not just up against kin calls. Make no mistakes. You've got an ear piece in her ear with all of CNN researchers and host and producers through .

all the food for every attack. exactly.

And he basically demolished, he controlled the interview. He had the crowd laughing when he, one of them to laugh, responding the way he wanted them to respond. And to the point now where this then staffers are like, oh my god, what we do.

And aoc was basically reading her hands about how how could see platform in this way. So so look, he gave no quarter whatsoever. Like you said, he doubled down on everything.

He tripped down and he showed his ability to kind of band reality to his will. So all the strength of trump. That being said, i'm sure that trump ign campaign were delighted with what happened last night, as I do think that makes him more likely to be the ominous.

I think, first and foremost, I think republicans want a candidate who will fight the media and their fake narratives in lies to and my lives. Trump tells they think the media is the bigger a liar, and they wants someone who is willing to step the lions and and take them on. And he is incredibly a joint and quick on his feet.

And the scientists, including.

well, I went, say, yes. Now, yes. I.

yes. So what would any of them do?

Be fair. Clearly the underdog. Okay, but just give the guy a chance, because we see what you can do. But there is no question that trump showed an joint ness and a willingness to counter punch and fight back that the base, the republican bye, definitely responds to now yeah, so we know that trump is happy with the debate.

I think the other party that is super happy with this debate is biden and all of his people because as much as that debate help trump in the republican primary, IT did nothing from in the general. I don't think like he said, Jason. He doubled down on january six. The campaign has write themselves, okay, they're going to show footage of january six with a tear gas and the right .

people being shot.

people pushing down the barracks, and they're going to do a narrative, a voice over with trump saying, IT was a beautiful day. The people there had love in their right itself. He writes itself and then, you know, he double down really strongly on growing weight that was crazy being overturned.

He's like, yeah, that was I mean, I don't have a question .

I think he doesn't heard in republican primary, but it's you know IT IT will lead to a campaign attack out in the general and there are other issues as well. Okay, so so the biden campaign is super happy right now because I think the only republican he could be is trump. I think the reverse is true for trump.

I think the only democrat who trump could be IT is by that. I mean, they are both two the most unpopular kinds in amErica in a general election. So they love the fact that are can be facing each other.

But you know, who doesn't is the american people. Two thirds american people don't want this choice. They say they are already fatigue by IT.

And the only going to get more fatigue IT because I think for the next, like you said, eighteen months, we're going to have the trump show with him taking on the media. And that plays into biden hands because biden doesn't need to campaign. He'll just let trump in the media beat each other up.

He'll do a rose garden campaign where once a week he goes in front the microphones and responds to whenever translated outrageous. He doesn't have the figure to campaign and he won't. And then we'll just see where the chips lands.

I think that it's it's quite possible here that after eighteen months of trump in the media beats each other up. American people just say, you know what this biden guys told his senile but i'm like, so tired the trump show, i've got trump fitin again. I ve just going to have to go with biden. And I think, I think this is how biden gets reelected.

This is a disaster for american, the fact that we are putting by in who clearly and cognitive decline and trump as the two candidates, again, the two candidates nobody wants makes me think this is just like, uh, a complete disaster for america. Can we did not find two other candidates from of what do you think coming out of his stand up special on CNN, the trump towers all stand up special?

I think that are more surprised by the fact that the big republican mega donors have taken a big step back away from descendest. I thought that if the money train on the republican side pick descendest, but IT would be very difficult for prompter over comment, but he's managed to somehow fade that bullet too. He's like neo in the matrix. It's like we have these guy shooting bullets at this guy and he just keeps somehow finding a way to the data. But this week.

step back, rippin .

basically has gone silent. So there's a lot of guys that came close to him. And this is what i've maintain, which is I think scientist ages poorly.

You know, he's best before you actually spend time with him. And the more time people seem to spend. And again, this is just evidence by these big republican mega donors, they don't seem to be running towards the sky. They seem to be at least we're going .

to gin yeah they waiting for eber any thought and then i'll go back to you how you went for like ten minutes let you or go then you go feber and he thoughts on IT in terms of, is this make him more active? You think he's .

gna win for sure? Got tell you the C N N thing.

yeah. yes. Post C N N, you you think he's going to win. You think he peace by ten?

The crazy polling data that and h you know twenty percent of the vote is going to arf k junior who's like a nobody, no one knows candidate and he's beating a sitting president in his own party. So that says a lot about, you know, how much support biden has. And I think that trump is gonna pretty appealing as the anti biden candidate.

I mean, biden was the anti trump candidate now from the antibes candidate. And right now he looks like he's dynamic and he was A A big shift. I think our kid junior feels a lot like a trump candidate to me, too. I mean, you know, some of the positioning in the statements, in the way he talks and being in the establishment, he could also have that appeal. I think there's a non zero chance by and actually doesn't run for a reelection of this.

Play that out.

I can play that out. That's a really scary scenario. And I think that's how we get a president of newsom.

Listen, I mean, newsome is warming up in the bullpen right now and he's not just you know hanging out back there and you know spin shah, he's pitching festivals very noisily. He's been running TV as he's been going to florida. He's been picking fights well outside of the state.

He is basic telling the democratic party put me in the game coach, and he is just waiting for the signal to go. He he needs to know from democratic party insiders and establishment that he can go. He doesn't want to be throwing away his career chAllenging biden, but if biden becomes too weak to run and he gets the signal ago, you'll go and he can raise .

lot of money. And I can explain of you what do you guys think happens press conference that where britton says he is retired.

I think he said after careful thought and consideration, i've made the decision that at my age, i'd like to spend more time with my family and not continue this, have the responsibility, and i'd love to see someone else take the mental and I think that that will result you from a series of polls that will indicate that he may not have a shot if he continues this campaign. I think that i'm not saying that a certainty.

I think that's a non zero chance right now that, that scenario played up when that does play out to sex. This point is probably not just news them, but is probably half a dozen and likely a dozen folks to pop their head up and want to get not just kind of have a real run at the presidency, on the democratic side, but probably end up saying, I want to heighten people's awareness of me and so on, and they all run on that, on that ticket. But the D.

N. C. Might be having a real tough conversation in the next couple of months about how biden polling and whether he really is the right candidate to have on the ticket. So to see me.

give you a historical example. So I I mentioned this, I think when r gene was on the pop, but L, B, J was the sitting democratic president one thousand nine hundred sixty eight, and he went into the new hampshire, me, mary, and he won the new hamper primary, but not by a big enough margin. And a few weeks later, he announced was leaving the race because the health reasons but the specific chAllenger who helped knock him out, hamps's gene carthy.

And then after that happened, Bobby Candy got in the race. So we could have a situation here. Where is bob canary, junior? Is you initially playing the geography role of being kind of the anti war protest candidate who helps knock by out of the race? And then, who knows? So I mean.

he could become gm.

They're gna want to come in into the race at that point. Remember the thing that happened in early one thousand nine hundred sixty eight that caused L. B.

J. To leave the race? Is you at the ted defensive and crown, I got revision arms, saying the work cannot be one.

And then at that point I was like, game over. Well, look, this ukrainian encounter offensive. zillions. I to announced a day that they need more time.

So we've been hearing for months, if not a year, that you're going to a big ukrainian encounter defensive in the spring, summer of this year. And ukraine is gna win this war. And instead IT looks like it's being destroyed.

Ukrainian, so this war is turning into a debacle. O, I think IT could be an even worst debacle by the end of the year. The economy has a banking crises going on. It's turning into a big fiasco. So I think is very possible that biden could announce that it's time from the suicide and you could see the flag gates open for news sumer jb pressor, something like that.

However me to say, I think the odds of buying leaving the race went down significantly as a result of last night because all of the political people around buying are saying we know how to win this thing. We just A B tested this strategy in the midterms. Remember we had three courts of american people in the mid terms think that we are a later recession and um and the country was on the wrong track and the other of power party with the game seats and the red wave turned into a puddle why cause bite and of saying democracy was on the ballot and running in general sets IT actually worked.

I not saying I bought that argument, but enough independence is did independence ended up breaking for biden and the democrats? Republicans dident, but independence did so independents have bought that argument in the midterms in and trump again, if he's an omy, they're gonna run that same playbook. Now it's not guaranteed to work.

I think this is going to be a nail biter. I think it's going to be a toss up if it's diverses trump. But I think that baLance people have to feel very good about this match up because they feel like they already know how to run this campaign.

This, what he said about robi wade IT was such a great Victory. I mean, can you imagine how that's gona play with women voters? They're gonna be like had no IT was not a great Victory.

You took away our right to choose for ourselves.

Well, definitely let me give you this data, the country, to take a look at this. I I don't think you're right, Jason. I just share with you kind of the voters polling data.

The most recent one and the number one issue at twenty four percent of likely voters that they care about is the economy twenty four percent. Number two is crime at fourteen percent. Number three is immigration and nine percent.

Number four is in equality at six percent, and on and on and on only when you get down to next. Number ten you get the abortion, which comes in a three percent, two percent of democrats, one percent rats, sue. There's other things that there's significant differences on, particularly on crime and immigration inequality that are pulling much higher in terms of importance to vote.

Do they drive turn out like abortion does? No, i'm just seeking .

a number as is like one one three percent of people saying that matters to them is not that significant. I think these other topics are going to be very divisive and very different, uh, very polar differently.

What people saying in a poll and what people turn out to vote for, like for some people, that is a major issue. But who knows?

I think it's a tosa basically. Look, I like I said, I think the only candidate that pitiful could be is trump and biden. Probably the only sitting present that trump can be so mean again, they're both IT pulled nationally in the mid thirties and this is the choice we have.

I ve got to give saxes red meat. I saw these, uh, republicans are going on a revenge here to, uh, go after the biden family. They said they would and they have. So the oversight, uh, how house oversight committee reveals, I guess, nine biding family members receive virtually enters from foreign customers via CoOperations and they don't have any connections to biden. We know that hunter was securing the bag all over the planet is clearly a grafter.

What's the truth here? How much evidence do they have? Because this is obviously a partisan thing, just like there are part of things on the other side when they are investigating trump.

So how do you look at this information? This revelation, to keep the reason is like biting crime family meme. Do you think this is actually evidence of something? Where is IT just another rich family with a bunch of analyses.

Rich family? Wait, how do they get rich? To question, the Kennedy es were rich family, but the bites were not of extremely. So how do they get rich? The only business is proper chose politics.

Don't know how much money is actually here and how it's being what what's evidence they have .

is not red meat for me. I just think the media should have done a job investigating the story properly. And what this investigations turned up is that there is a lot of members of the buying family.

I think they are up to, like ten or twelve something you ve receive payments flowing from foreign governments. No one can tell you what any of those people did in exchange for the money. IT does appear to be an influence paddling Operation. I don't know whether that's .

to influence peddling Operation.

So people were giving money again. The point is that why would you give money to members? The bion family IT presumable, for some sort of access to the person, has been a washing for fifty .

years as being who gave the money? china? ukraine? Do they have that data?

Well, I think we know about brisbane, which is basic.

You going to? Hunter, yeah.

yeah. And then I think china is another one. Now, I don't know what to quit. Procol is for that money.

But I onder if this is like the crack and or if this is a reality because they seem to be short on actual.

I think they are got a lot there. But I mean, they're putting on all these reports. But listen, I think to me that the actually the bigger story or the bigger scandal is just more details on the way that the security state wrote that fake letter, basic calling donor by an story, russian disinformation. There's an email now that just came out where mike morale is corresponding with john Brandon. And morale specifically says we're creating the letter to give biden a talking point in the debate.

There are the former C. I directors. Yes, exactly. C. I directors are different.

So there's no question now that that letter, where fifty one security state officials claim, ed, that the hundred bine story is russian information that was all basically a political dirty trick and dirty tricks happen. But I don't think the CIA should be involved. That's a thing. I don't think the the branch of our government should be involved in helping to get this is the former and the related.

This is a clear wasn't like the C.

I, A to have to c.

but it's not the C, I, A did this. These are I that .

actually moral, needed to approval A, C, I, I, H. So that was another thing that came out. That's what bother me more than anything, is I do not think our permanent government, especially security agencies, should be involved in partisan politics.

They really need to stay out. That is election meddling that bothers me. That's a form of corruption that I think is even worse. The monetary payments take out.

Can you tell us about your trip to the middle? What if you doing there?

So are busy. Brogna was coming here and we were at the poker game a couple weeks ago, maybe a month ago, and he said he was going. And I voice wanted to come to U. A. And and i've never seen dubai, I or arbiter by and so I said, IT, yeah, i'd love to go with you and we did a couple .

of speaking gigs .

where you think so four seasons in rich, four seasons in ebadi and the rice here in dubai. And I would just going to do these three speaking egs a podcast isn't .

I have seen dubai incredible. Have you been made in the financial ture?

yeah. I mean, it's it's and it's all been built in the last ten years. I would say generally speaking, what i'm super impressed about and I not a fun raising trip, how was just going but then h, one of your former employees to moh set me up with a bunch of meetings.

This is like, k there's a lot of people who want to meet you are doing like maybe a dozen meetings or so. And there is um a real this is a very progressive place that the U A E of all the uh and dubai office sly is very progressive. And so IT reminds me of like you know is so good value in the early days where everybody is doing something and is incredibly cost. Moon is only five hundred thousand nations, but there is ten million people here.

More people broken than any other language. Dubai.

yeah, in the number of people here from all around the world is bonkers. And then everybody he's working on something always got a project. And the people are to .

life from did you go to the french restaurant .

I told you about and did get.

I did you get there by?

We had, like a famous things. I didn't get the river, but IT was, IT was exceptional. The food is exceptional. IT is like incredibly compelling. It's like going to new york, you know, or london and they are there's a very unique moment in time right now sex.

When you go to apodotians and and you stay at the four seasons in the A D G M, go to this french restaurant and order the ruby.

IT is a top .

five stake i've never had and in dubai, do not stay at the ritz in I F C. The I F C is incredible, but the rdt sucks. Could state the bulging hotel. Beautiful, just beauty.

There is a very unique moment of time. I literally came down the elevator at the four seasons, and I met four or five people from silicon valley in the lobby. And then I came at a dinner, and there was a table of silicon valley entrepreneurs and veta capitalist IT is, I mean, it's basically like going to the rosewood in in. I but .

what a statement that is like, the U. S. Is tapped out. We are like broke that.

I think basically the they are the way it's been explained to me as they believe they have twenty years, thirty years to convert the oil economy into a technology capital allocated economy. And so they want to make every Green funds to invest. They haven't had a chance to invest in venture capital because most venture capital, they weren't that many.

They were fully allocated and there was no opportunity now with what's happened in the united states in this pull back and and sort of the cycle starting over gun, I think there's an opportunity for them to invest in funds and start relationships. And then you know we've had a long talk yer about human rights in different countries, and it's not a model that over here and I don't know who needs to hear that exactly. These cultures are very different.

Very sure they appreciate chores on that subject. actually.

You know it's interesting. We didn't have questions on IT, but we had i've had multiple conversations .

about you on this pot.

I don't like you about IT. I think these are important issues that people discuss. And the serious thing is a number of these countries are majority Young people and they are reforming very quickly and rights are changing.

And so the question is for you know, all of us and for the world, is, do we collaborate and, you know, support as they, you do become more liberal and become more tolerant, and they, you know, become more western, basically. And Young people is very western here. And the party is going on here are pretty much like the parties I attended in L A or new york. And so I think actually we're probably not as at least U A. And in a couple of countries here are not as desperate as like we what might think .

i'm glad you did the trip because i'm glad are you talking like that, that there isn't the us. First then point of view, you know, visiting and seeing the culture and the intention of the people within the culture super important. And I think it's it's good. You did so good to hear. I wanted to share the video that these guys did the lets do IT next week I think it's really no the um the lord of the rings won in the sky day which is amazing wait.

watch there's a lord .

the rings video no not .

with thank you abuse sagging .

and I went watched the .

baga video for the third time did you see that?

Yes I took an outtake from the guy's video on lord the rinks will put the link in the shown notes but this guy made this incredible A I generated west Anderson dos lord the rings did you see? It's amazing and uh the clip i'm using today as a background is is an outtake. Uh from the the trailer did you see a tax?

Oh my god, it's so funny.

The guy is incredible. But I mean the creativity and the potential with A I it's just however, in this guy talks about IT on his website and on tour feed, he did in a couple of days, he learned a bunch of new A I tools. A lot of generating tools were integrated to make this possible.

It's an amazing two minute piece of art that I think really speaks to the creativity being unleashed with A I again going back to this point about IT, not just being about job reductions and reduction ism, but it's really about unleashing new potential that we didn't vision before separately. It'll be another I I think we stop this next week. But there is now this kind of generated video game platform. Are that being demo where you can instruct to the video game intentions and a generative merse of video game experience for you on the fly with something we talked about couple of, and so probably couple a month ago.

this point this week and start up who showed a video game where he made, like you make twenty five objects in the game, is really about in a certain style, and then you say, I wanted make more characters like that. I want to make more background like that, like you take a west and ever and IT just generate them for you. And I just keeps generating them for you.

So one artist can make a pal for a game and say, I want have a good in my game. I want have a zombie in my game. And exactly.

yeah. And IT just does IT. And then people were playing the game, can say what they want with props and IT creative.

And you can drive a story line, and then you can integrate with other people. Storyline, I mean, really powerful. Anyway, I got to .

run David freeburg. David, I, J, K, next time on all in Parkers.

Bye bye.

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