E61: 2022 Predictions! Business, politics, science, tech, crypto, & more
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So I was not going to bring this up. Sax said.

bring you up. No, no, no, no, no, no, no. You're ready creating mischaracterize.

You said you want to bring up? I'm like, sure. I don't. Not to. I go.

I said, well, I have to bring on my covered obviously, i'm the second best day to get covered and I told you offline without the other two best I will just say I got IT at a social function period and story you said it's okay to talk about yeah.

I wanted to bring that up and you wanted bring IT up and .

i'm allowing IT because I am fine with to go.

H, you guys went to .

the down stairs roles dowlais s china that again, you promised .

IT .

was a great party. Well, let's let's hear jesson's accusation i've been .

hearing about angry. You are angry and you are, yeah, you are really mad sex because you thought he actually gave you coat. Even those sex had people test, every single person test on.

And you said, guess what, i'm a best day. I don't have to tell you. Walk right and I just at the end of the day, there's nothing.

One person that fought of the rules got IT carm as a bitch. Check out nothing Better. Personalize poetic .

justice .

as I do place blame on anybody for IT was a good super .

spread.

Ter was A G O, P. Super sport. Go to his party and you run around the levitt rope and you don't. And with what?

That was really a man. I don't lib Betty.

I think he walked out with covered because I think .

he walked in with covered only one not test so brought .

daughter I came to your wonderful .

party amazing IT was delightful .

and you're told the .

truth was on the line testing .

with me I had the brace .

let ee test ted .

one hundred percent and when you got .

into the party and I said, how covet test go you said, H, I pulled my best sty card. I walked around. I pulled my best card. That's sure you .

say that you .

can get making up now.

No, you said that.

Okay, I I may have made a joke.

but I can, guys. And that I find out the reason why jade wasn't at the party. SHE was home taking .

care of two, six kids. No, he wasn't. We one kid for .

that wasn't you OK?

We know.

I know, I know. You work my heart right?

Here's what happened. I went to the party. Uh, I did test.

There was a group of people that gotten early had tested at another event. They told me this. They tested before they got there.

And they told me that they had accidentally brought IT with him because they were the first two have a positive test results in likely od IT was that group does no IT doesn't matter who brought IT because omonia cron is going on everywhere. What is IT i'm on? It's a character .

from standard. They brought IT with them.

If they test came from another location they tested, they claim they tested, then they were the first to come up that next day with a positive result.

which twenty four hours to incubate.

right? So that means they must brought IT with them. They test IT on sunday and had .

IT test negative at the door.

They did not test the door. They told me to me test the day before, or .

everybody was door, including staff. There are people who returned a positive.

Didn't you're .

trying to blame?

No, I specifically have tried to not say the purchase name, and you're trying to include them.

IT doesn't matter. They were all .

negative at the time of the party.

You sted a super sped. They didn't get a till like five days later. So they test a you had symptoms before they did remember the tickle in the throat? Guys, remember what he said last week at the tickle in the throat? Anyway.

thank you for giving me omicron. I am now fucking super according to all result. I am not superman.

Have you have not yet?

I yesterday, nine days later, i'm still coming a positive. I had two days symptoms. Not, I know you give a shit, you rap starts, you just laugh about my copy. Nobody had no point in this conversation. Did any of you say how you feeling there?

Any chance of death?

Was any chance I was trip of acts I had done moderna ah.

at any point though, did you feel like, oh, I me after the order of the hospital? No, no, that I felt particular .

my throat on tuesday.

One of the symptoms he got three times, he sees twice premature reeducate ted, once those were .

the symptoms.

Rain man, give.

We open forces .

the .

and and.

This is going to be our prediction show last week. We did, of course, our twenty, twenty one best awards had that everybody about .

we we .

all get to .

kind of talk about stuff we want to talk about. And the and IT was pretty dynamic. That is good .

shop like the greatest hits.

So we're going to do some .

predictions for next year. Are you .

going to do a drum roll .

and and a little scene as well? Space, space speed, work speed.

Warm hole other side of the universe. Here we are, twenty twenty biggest political. When are twenty twenty two? What did Turner call informer writers tell you to say sex?

Never at sex, never at, is not an end. People were triggered. What was the second battle about that was the big to be? Because, who knows? I can't remember the .

battle about the B, B, which had to me writing the google doc about B.

I. I, my .

biggest political .

winner for twenty twenty two.

I predict my man, ron descanted st. Will be the big winner. He's up election in florida. He won in two thousand eight with less than one percent of the vote, was a real nail biter.

This time, I think he's going cruise to reelection quite handily and become the national front runner on the G O. P. side.

And the reason is because he had the right approach on covered. He made the vaccine available. He made the antibodies available. But ultimately he treated the population like adults. He let them make their own decisions, and he kept businesses open, schools open. And I think the rest of the country is gonna come around to his point of view, because the unstop ability of omicron next year. And so I think that the scientists, who is much melon and the sped will come out as the big winner a year from now.

Who do you like? freebies? And flad mir, putin, I think putin is gonna benefit from the rising conflict between the U.

S. In china. Uh, the other day there was a call between putin and, uh G M.

A said uh and and putin college his dear friend and said that relations between the two countries have reatha an unprecedented high level and I think that his position um economically as a trade partner of china and as a beneficiary of chinese h economic prosperity will only grow as as tensions between the U. S. And china rise.

Um I think we're seeing that with some of his cabin behavior with the ukraine right now. And I think putin will become a stronger player on the global stage uh particularly as IT relates to his relationship with nato. Uh over the next year um and he's been a little bit quiet the last few years. He was kind of, i'd say, suppressed with the sanctions and all the other nonsense that's got on uh to keep them at bay. But he could kind of rise up again in twenty, twenty two, and he could become A A real player on the the geopolitical ably in a more meaningful way than he has in last years.

I mean, you White guys love put White love, I hope. I mean, if you rank, if you rank russia GDP, do you know even you have any idea where even write probable? I mean, guys, for the amount of time you guys give this crushed g inputs except their blood.

they just don't have two thousand nuclear weapons.

I mean.

any reason. And it's a fAllen empire for sure, but they still have two thousand milks.

The position, the energy that had provides the europe, europe, I mean russia, geopolitically pretty significant .

in significant, economically significant because of a mad man running the country.

I don't think he's a mad man, but I just saying that you know there's there's a lot of ink that spilled about russia and I don't think anybody .

even takes a step back and actually .

looks at the it's actually like in the world guys uh I my my worldwide uh biggest political winner for twenty, twenty, twenty two is asian big. I think this guy is his firing on all cylinders and he, uh, is basically ascendant. So twenty twenty two Marks the first year where is essentially really rule for life. And so I don't think we really know what he's capable of and what he's going to do. And so that's just gna play out.

You think he's the biggest political and really .

think I think I think it's going to be a he's going to run rough shot, not just domestically but also international because I remember he controls so much of the critical supply chain that the western world needs to be.

I think I ong, I think you completely, I think he's losing his power. He's scared. That's why took out all these s he's consolidate power because he fears that they're gonna win too big and then display him and he has massive real world problems over there that could block at any moment in time he could face A R, T, I. Major in their and we're moving this to there.

What are you talking about? What what they get to a right with?

Or did you not see the animals are? Did you not see the riots in hong kong? Or you not paying attention from month? There have been many .

riots in china. They are were crushed and .

that not say there will be crucial. He still will have massive amounts of, uh, I believe ve protests and yeah he'll .

have I think the bigger risk is, is that trying to gets Better fishing paint. But worse, everybody all in china, it's already worse. All the billionaires over there.

It's worse for the tech industry. You now got ever grand that whole you know gigantic debt implosion. I think there could be contagion from china next year. I don't think she's gona lose his grip in any way, but i'm not sure china is going to have a good year next year.

Be terrible. I went with from descanted st with u sacks. I think he's obviously um a much more um he's much more portable candidate, the trump and I think truck is not going to want to run and that brings me to my biggest loser for two thousand and two as we said way I believe this is going to be split between biden and trump, the two most important people of the last four years and I think biden is gonna lose the mid terms and I think trump is going to get destroy with this january thing and bow out and not run again. Who do you got three biggest loser?

Let me add an engineer to that, which is my pic for biggest loser dexia. As Nancy policy, there's a red wave coming. The democrats for sure going to lose the house that as victims to the cake.

And I Priced you announce her retirement shortly after that, SHE has served, you know, a couple of pretty, consequently, terms as speaker. She's never lost a vote, but with this whole build back, Better SHE forced all her motorists to take a vote on five trillion, a new spending, which they then lost in the senate. And that's in a costumes, some seat. So SHE contributed to, I think, her own downfall. What's going to happen next year .

to come work at social capital and you to give a bucket of capital to out to work with to try to play the market? By the way.

Jason and who see excEllent writer you ve got from tucker, because I wants to hire them bike.

Listen, I got somebody from the youtube comments who said they would punch me out. Alright, I got back in the trump neti policy. Uh, and then who do you got free? Berg, whose your biggest polo loser .

twenty twenty prediction minds a little a depressing but I I am honestly a little bit worried about the united states influence on kind of a global stage socially, politically, economically. And I think that there is a number of events that could catalist kind of a precipitous a series of events um that could really harm the continuing influence the U. S.

Has geopolitically. So um you know I don't really have an individual, but I kind of have the U. S.

And its and its role on the global geopolitical stage. U S. influence. U. S. influence.

I thought there going to be a positive tipping point. Perhaps you see that being taiwan or .

what I couple of them. I think when we get into our contrary and points of view.

i'll share some of them. OK, uh, to matic. Got for your biggest political loser for twenty twenty two prediction well.

look, I um I like your pic of trump, which is not mine but just to double down on this trump t thing, it's incredible to see but he's just A A bambo's ler you know the same guy who's like, you know telling people to not take the vaccine gets boosted then you know, when he finally gets outed with the others. Come back what I guy's name what's another right nob sax take .

out your phone and .

go to speedie just read IT those two dopes .

on stage like .

I got boost and what about you? Yeah, I got triple tax. And then everybody is doing them. I mean.

they're just such. Watch what they do, not what they say. Give you the ship on light.

The great thing is they are phenomenal entertainers, but you can't trust a single word that they say. So uh Jason and I I think that that's a pretty good pic. My pic is the progressive left um as a class because I think these guys are being exposed basically for just being laughing stocks.

There will be quickly becoming policy jokes inside of washington and in every city state that they run. They just can't seem to put one foot in front of the other. And they've been run a muck with folks like these teachers unions who have really, really, really done a number on our children, which is now finally getting exposed in the mainstream media. And so all of these policies are just there, not rooted in any sort of science or legitimacy. So they are, I think, going to pay a pretty heavy political Price for mainstream voters.

And twenty two, you know what? They remind me of those two guys, like the old guys from the maps statler r and waldorf. That's what like those, uh, trump and, uh oralia. Okay, this is.

I think biden can still save, save a lot of his long term reputation. I think trumps is.

what would biden need to do in twenty twenty two?

Number one, he needs to disaze the progressives and basically shore up his party's ability to win back some seats and hold the line. And so how would you do to be able to enter some of these places with some of this retorts that, you know, he basically was convinced would be necessary film to not lose the progressive left there just used to be a conversation inside the White house where they actually go to the cold political calculus of, you know, my enemy's enemy is actually my friend kind of thing .

and actually go back to this .

year ah the okay. And quickly too. I think it's way too .

early to conclude that the bian present sea is over. I mean, I think I think they're going to lose congress next year that's baked into the cake. But he still got two years after that to push chest outside of the fire. And if the republicans overplay their hand and he tax towards the center, you know, he can change his fortunes.

He can change his fortunes quickly.

He's down upon, but he could develop the board.

I got right, adding the voice of populism only going to swell over the next year and um that's going to be the predominant force that's gona drive both the alright and the progressive life and and you know you can make the case that you know politicians that are in seats should be kind of disavowing these what we today are calling kind of extreme voices, but they're only getting a later and the importance of kind of populist movements, not just in the U.

S. But you look around the world and you look at what's happening in brazil, uh, various european countries. I mean.

IT is you think populism is gonna A A rebounded two thousand twenty were saying that we think it's fizzling more.

I can I just say free bridge populism swelling and I think it's going to a get later in h okay. Low interest interest rates are simply keeping things at bay for now. And I think that's gonna a shift very quickly.

but populum just means what's popular. And so I think there's a huge silent majority that's always stayed on the sidelines because they're not the ones that that are tend to tend to have a tendency to complain. But when things get important, if they typically show up. And so you know, we may find that actually centum is what's most popular.

I think populism is um anti elitism. And I think that there is a growing concern globally because of globalization that power and capital has been concentrated in the hands of a few, that the voice of the majority is we want to be cared. We want that to all be shared equally.

And that's what's driving populism around the world. And it's in the U. S. You know, manifesting in different ways on the left and the right.

And you'll see this in other countries around the world um but I don't see the fundamental driving forces changing there until and unless we have massive taxation and redistribute wealth and away or some massive shift in government. Um the that that voice is gonna get any quieter. I think it's going to get latter.

And there may be perturbations between here and there of like what IT looks like, but IT doesn't seem to be going away. That's just to me, kind of the underline driving force. And it's manifested with different political stuff right now. Interest IT doing seem to business .

winner for twenty twenty two trial. Lets start .

with you small businesses. Um I think what we are starting to see is that these monolithic op lisc mega corpse aren't everything that they are cracked up to be. And so there's going to be a certain amount of locking that we will tolerate.

There's going to be a lot of taxation and policy that prevents its further growth and all of that opportunity accused to smaller companies. And so in general, I think that if you are on the side of the David verses, these galliots over the next year, you're gonna or walk Frankly, over the next several decades. But starting really next year, you're going to do really well. And the medal companies, so the folks that are neither huge nor or small, let's take up, you know, an example, like a shop fy hundred billion dollar market cap, but by no means is that a trillion dollar market cap their success comes from enabled ling, you know, arming the rebels. And so i'm a huge fan of these enabling, this enabling layer for small businesses.

both line. Who do you? I am actually going to go with my is a payment technology company business and Frances go uh stripe raise money earlier this year and ninety five billion dollar evaluation.

Um the highest valued ed I P O tech IPO in history was alibaba. There was value two hundred and thirty billion dollars. they. public. We are hearing rumors that stripe might you know kind of or think the bay of bankers think they might be able to break that. And so strikes IPO could be the biggest tech IPO ever.

Um I think theyve been talking about doing a reckless thing by the I don't know the guys, I don't know the investors, I know company investors, so don't have any information whatsoever. I'm simply observer and and talk to people in the market. But that sounds like they're going for direct lifting, and we could see that become the highest evaluation to ever and then they will become kind of the golden child next year. Uh, and you know can be be part of the, you know the the top of the top. Could you got sex?

I got rise of the rest. Meaning the parts of the united states that are not the traditional california, new york centers of industry and wealth. I think it's a trend that's been going on.

It's going to keep getting bigger next year. If you guys saw the net migration numbers by state, they're absolutely stunning. stunning. So and is the is this year o tax states that are as booming right now, IT states like florida and texas and tennesee and on on a goes at the huge expense of california in new york.

I think that translating in a pick up steam now that salt is dead, I think there is a hope on the part of many people that you trump out sault. But and the democratic was spring IT back and then A S. C.

Rejected IT is not coming back. And what that means is that if you're in safe a california, for example, with assault deduction, your effective tax rate was round a percent, not thirteen point three percent, not really is thirteen point three percent. That's a huge increase. And the politics in california doing to realized that the tax rate has effectively gone up to the n taxpayer and in the quality of life isn't any Better, not get anything more for that. And so I think this excess is .

that the subtleties p that they actually really need to understand that five hundred basis points you can overcome that if your life is five percent Better in enough ways where you're like, it's fine. And the reason why people are living is they feel that their life is actually much less than .

five percent worse.

If the trust is windows are being smashed and all the kids depressed the need because of the way that the teachers unions locked them at the school, you're just like, forget this, I can do this anymore. I add those two number ers. That's that's what people really need to appreciate. I don't think it's the actual effective tax rate, but it's the delta of how poor quality of life has gotten over these last few years relative to the tax you pay.

Yeah told you with that. And then one other effect that I think plays into this is the reassuring of american industry, which is not happening in places like california. New york is happening in places like texas.

Samsung just announced a seventeen billion dollar investment in a new chip foundry in texas. Here, i'll post this, and there's a lot of things like this happening. So as we decouple from china and bring our supply chain home, let's go. That is going to be a big factor in the rise of the rest and is great for amErica because the wealth doesn't to be more evenly distributed. I can't just go to tech and financial needs in california in new york.

all right? Um I had two uh disney was my uh, biggest corporate winner for twenty twenty two disney plus crushing IT park raised Prices. People want to go to the park.

Spider man just had, I think, the number two or number three all time opening in a pandemic, which is crazy, that I P is gone to continue to work for them. John fao and David felini, I think is practice same, both crushing IT with Mandala yan bob fat, one of the great characters uh from our childhood. Now h is onna have his own book above of that starting on december twenty nine and saturday tomorrow ah tomorrow.

And so I think disney is going to a have a huge surge thing. They're intervales, ed. But my number one for this category of bigger business winner for two with milenio s and Z, I think they became completely empowered and independent.

They shook off the participation trophy and their entitlement doring. They realized that they have skills that are valuable, they're sought after. They learn how to make money.

They trade cyp do. They did stop trading. They are doing shorts, puts whatever on Robin hood. And there are just not impressed with people in power. And they increasingly want to build shit and make money.

I think that those two generations have woken up and I think there going to be the biggest winners in two thousand twenty two because dg telling with your sb. H, I do think uh, and i'm seeing IT across my entire portfolio companies. Uh, you try to hire somebody now I get.

but maybe I can to start my own company that are actually a flavor of the same thing actually. Yeah, because all these S M bees aren't onna happen in new york and sent from csco. They're happening all over america.

And there are people that are taking in power and into their own hands. There's tooling for them and there's opportunity, economic opportunity for them to build businesses on their own. And basically just say.

you know, if and nothing will, build your confidence with nothing. Build your confidence like moving from one city to another and having that's a very empowering thing to do when you're just like, you know, i'm going to just leave and go somewhere how i'll make IT myself. So I feel like they are uh, super impressive.

I really believe, I really believe in this because the three of us got there in totally different ways. But I think it's roughly all .

the thing we might be triangulating around to tend our biggest business loser for twenty twenty two. I'll just give a real quake. I think crypto projects that actually don't deliver a product in twenty twenty two are just gonna be um lost.

I think this idea that people are going to bet on things that don't exist in the real world or don't actually have applications is going to end its time for crypt o to put up or shot up. And I think the cypher of projects that do that, which a number of them are starting to are gonna store, but it's gonna a big shake out there. What do you got for biggest business loser in twenty twenty two .

facebook that I agree with you. Actually that was mine. yeah.

Oh, wow. I said crapo bubble will burst. There's a lot of scamming on sense going on. Ninety percent of these project, okay, you know, are not going to yield value and undammed tals. And I also think that rising interest rates are going to affect uh, the cypher market is a lot, lot of leverage trades into the cypher assets ah those will start to deal ever as this uh, interest strates shift up.

And as a whole, you'll see a large percentage of them go away or decline in value, but a small number will continue to grow in value just like we saw in the dot com bubble blew up. There is a number of companies that survived, most of them did not. And the few that did survive them did not be coming over ten times what the market value is. And I think that, that's still possible with the script to projects. But uh, I say ninety percent of them are probably going to start to blow up next year.

Would you get .

you about well, I guess i'm fading, you guys, and i'm also fading implicitly freeboard pick of strike. But my biggest business loser for twenty twenty two is VISA and master card and traditional payment rails and the entire ecosystem around IT. So I think that this is the year you can put on what probably will be the most profitable spread trade of my lifetime, which is to be short.

These companies and that anybody that basically lives off of these two or three percent tax and be long well thought out web three crypto projects that are rebuilding payments infrastructure in a completely decentralized way. Now that doesn't necessarily mean that what you say won't also happen. Both that stripe will have an incredible IPO and that a lot of these camp crypto projects will go to zero. However, if you read the White papers of the script projects and you systematically put together a framework, I think you can belong those and you can be short via astra card because I think this is their peak market cap.

And for those who you don't know, fading in sport spending, take the opposite side of a bit, taking the opposite team.

I guess. But this is market cap is half a trillion dollars.

It's a completely can tried to apply.

What is this that mean to a Young person? And mastercards.

almost four hundred billion. So there are trillion.

lars can be to understand that the canary in the coal mine here is pretty significant. The important thing is amazon earlier this year. Nick, maybe you can post this, decided to just shut VISA off in the U.

K. Oh yeah. Now amazon is not going to do something like that, in my opinion, unless it's a test of what they can do all around the world.

And again, going back to this idea of arming the rebels, there really is no need today for all of these small businesses to sit on top of VISA. mastercards. Amax reel is unnecessary.

And so IT will probably get developed in the developing worlds first. This is why I think, you know, focusing in market like nigeria, to me, are way more exciting than talking about, you know these fading western european countries. Who cares, right? That is where this stuff will happen. Um it's not to say that those those other companies can try you know trundle along for a while, but when I say you know wall of back in ten years and their cats will be materially lower, anybody in those traditional infrastructure and rails versus anybody in this new infrastructure rails will be IT will look like a no brainer.

You consider the buy now pay later companies like a firm and upstart or what a upstart fits in a category, but sometimes by now pay later businesses being alternative to the traditional payment networks are doing a .

little of different business. Now I have right now, I think what what by now paying leader is, is, is a rate arbitrage, right when, as you said earlier, rates are very, very low to the cost. Capital is low.

But IT again starts to habituate the consumer experience to I don't need to pay these users rates to these three credit card companies to facilitate the transaction of money that I already have or money that i'm good for. That's the big idea, right? And so when you translate that, that into web three in a good project or a good series of projects. You're not going to need these companies. And so it's going to, I think, of visceral .

trillions of dollars apart to mention you have in between these two vmu and cash p which are not crypto, they certainly as brands mean more you yeah .

giving block used to be called squares as a good pair trade against VISA after card in this context yeah .

like you know, I think that that that starts to get closer to to the truth. My my perspectives is you can kind of short anybody whose public because anybody whose public can really only be public or will go public because they feed off of this artificial tour, three percent transaction fee, everybody does the companies you want to be long, or those private companies in cypher.

To that you can read the White papers out whose protocols have utility and whose building some element of infrastructure that replaces a traditional business. So as long as you can kind of build those things, apology, for example, had a bunch of tweet this weekend where he was like, you know, I he has this idea for a mirror table. What is that that replaces, you know, capable management right now.

Why is that important? Well, is because IT touches all of these really important K Y C A investing laws across all these countries, in all of these places. It's just a very simple example of where the new company that actually built a capability of these mirror tables will do so at virtually no cost.

And so it'll have a fifty percent team. And so they're not can have offices all over the world. Their cost spaces will be order or two orders of magnetic .

VISA master card became attacks states and decades to have that power over foes. And but I think a firm does break that. A firm breaks IT because the people who are selling then decide to know what. We'll give a little bit of discount here to get more people to .

buy for the classic network monopoly nearly effect monopoly business, right? Like they got the small businesses, they got the credit cards and h by extension, on the network and ultimately, they created these these absolutely locked in networks. Um but as with all networks, complacently kind of you know drives innovation and this field innovation that we're seeing is now starting to figure out ways to not just crack their way into the network but to replace them with an entirely different model.

Last one, others. This is not one where I think this disruption happens slow. I think IT happens swiftly, swiftly being five, ten years no like in a year. Yeah what's point .

is really interesting because there is yeah, there are several billion people globally who do not have credit and who are on banged. And so if you think about where this is more likely they come from, it's more likely to come from in the innovative model in those markets that then ultimately finds its way into the developed world versus, you know, trying to break apart via master card and go get these small businesses to switch out of them and so on today. So it's it's a really interesting okay.

sex with you. I don't know this biggest lose, but the thing are most worried about is and twenty twenty two, the fed is gonna p quantatitive ing or so they have said they are. I guess march will be the last month in which they do this QE.

So starting in April, there won't be any of this liquidity pumped the system. And so I think the losers are going to be any these asset classes that are heavily dependent on or have benefited ted from all of to access liquidity sloshing through the system. Uh, it's true that the stock market, I think, has already Priced in rate increases and an increase in the discount rate, but I don't know if markets can fully Price in reduction in liquidity.

We don't know exactly what this kind of look like. And so if liquidity is reduced next year, I think that could river rate through a bunch of markets, including you know everything from sports cards, collectibles which have gone through the roof to art to crypto to you know maybe um some gross stocks and honor ico. So that's my biggest worry is what happens when the fed stops QE. And the bigger .

loser is markets because of quantity.

The market said, have to get off drugs, basically.

Okay, most contrary belief. Sax, much shells. moscow. S and sure that you work.

Shop this with the contrarian peer to himself. IT never ends. yeah.

I mean, I have a couple of them here. actually.

You want to wait and go after everybody else?

sure. yeah. Uh, I don't even know this is contrary or just unconventional, but I think that all of this pressure in on the progressive left will manifest in the chosen one.

A O, C, deciding to step up and run against summer in the primary in june of twenty, twenty two. And SHE will lose. Wow.

that's get prediction.

I like .

about this prediction.

What would lose this.

just to give a Better color, is like let's just assume that he doesn't right and and you know that SHE shouldn't. But let think about where she's sitting. Build back Better is over. There is an enormous amount of stuff happening right now where, you know, IT looks like the progressive left is really gonna put under pressure. And it's almost as if if she's really going to be the standard bear and he needs to do something quickly.

Others SE she's going to have to wait until she's thirty eight, you know she's you know another six years from now because it's not unlikely that she's going to run against Christian no curson gilla bread. So this is kind of like IT may be a moment where, out of a share frustration SHE stepped up. And then we will see whether free burgers, right on right, the populism is really around the left top. The popular m is really around the silent .

majority where you got sex.

I think a very good prediction um in a similar way, I predict that there will be a strange new respect for bill clinton in the democratic party by the end of next year. why? Because after the red way, they'll be a recognition that they need to move towards the center, they need to transplant.

And and clinton was the one who provided the formula for doing this. He dragged the democratic party back to the center after they were losing elections. And the other piece of this is gone to be, that is already the case in polling that has panics.

And asian americans now are swing voters. And I think you're going to see in november twenty twenty two that they go for republicans of big numbers. And so the idea that the democracy party can just coast to election based on demographics, I think that theory is going to be imperilled. And so and so they're be looking to to clinton and maybe not so much obama as the as sort of the predict they should be, you know.

aspiring to in the future. I think what is important about that is those groups of people, I think, are offended by the free money gets something for nothing. They're hard working immigrant people who have pride.

They don't want handouts. And then you have this left White, liberal maini axing. Not know you're poor.

You need hand double. You don't you shouldn't work. You need handouts. Your you and I just think they don't buy IT. That's why I think they're to go to the republicans republicans hard working .

and freedom loving what clint's big tag line in his campaign, he he said that he supports people who work hard and play by the rules. That was that so that the messed democrat got to refine right now. They're seemed to be on the side of basically drug addicts. I mean, you know, people who jy are contributing nothing in pitching tents in the middle of public spaces and just spying and open their drug markets.

Yes, what do you like? freebies. Hor losers.

Don't forget your losers. yeah. And historical freeburg .

and historical people.

I am big historical.

Just never go. Look, if you're bear with me. I have I have three, but um uh I I couldn't really pick so the first one is I think and I share this on the part of the day, I think we'll see the start of um great global conflict. We we we often rationalize the series of events that that catalyzed conflict after the fact rather than recognizing that there is emotional conditioning that allowed IT to arise in the first place. I think we're in a state today where the conditioning is such that we're more inclined to engage in conflict globally than we have been in a very long time.

I don't know if it's kind of the conflict meter or what have you, but you know you could see property wars, uh uh and and property conflict that arrive sort of like what we're seeing, you know um maybe something in in the ukraine, maybe something related to taiwan. But this is primarily predicated by the fact that we've got, uh, kind of this inflationary environment and the rise of populism will force the kind of domestic policy makers and legislators to say we should do something that's active and something that will allow us to unite our nations to go and get into a conflict somewhere or more likely to do that than not. And so I would say that the conditioning is there to to see something like that happen.

And so we're not kind of thinking, hey, next gonna be a year of war and that's why it's contrary. And I I think that there may be war that that we're not kind of paying attention to today or that will surprise us after the fact. The second thing I said, china a may solidify position next year.

And this is going to sound a little crazy as a leader in climate change mitigation, where the historically been um considered a kind of the primary fo against climate change. And there's a couple of behaviors we have seen come out of china recently that I think number one, remember china's a very rational actor. They they do analysis.

They make decisions based on long term investments and thinking. They recently announced that are going to build a hundred and fifty new nuclear reactors over the next fifteen years at a cost of roughly four hundred and billion dollars. That's about three billion dollars per nuclear power plant.

The U. S. Is currently spending thirty billion dollars building two power plants in georgia. So the chinese have figured that out. They've also publicly declared that they're going to be completely carbon neutral with their economy by the year twenty sixty, and they're making the investments through these nuclear power plants to demonstrate that they are actually on the road to do that.

And there are a number of other infrastructure initiatives that are meant to help them achieve significant reductions in um in carbon by by two and forty. So so let me just point out why this important because right now everyone thinks china's the foo, they're causing climate change. They're the biggest problem.

Imagine if over the next year, some of what they're doing pays off and everyone says my. China is leading the world in climate change mitigation. There are influence socially and politically will rise.

And this this gives china a very strong kind of position on a global stage with what kind of people around the world thinking, instead of china being a foe, maybe they're the leader. And the U. S.

Is the lagged and accurate to my third is very random, which is some sort of natural catastrophe. We we never account. Uh, you know, all natural catastrophies are very low probability, but very high severity.

If you multiply the probability by the severity, you have what's called the expected loss. We always undervalue the expected loss of massive catastrophe. Atal catastrophe haven't had one in a while.

Uh, it's a very low probability bet for me to say, hey, maybe we will. But if we do, um it's certainly underappreciated in markets today. And so when these kind of you know black one type events OCR did you did you watch?

Don't look .

up on that .

is no what is is a new movie .

about crap.

My most contrary belief is I think this is contrarian is that american influence and exact exceptionalism is going to sore.

Believe that is contrary. I think we've .

empowered red this next generation. As I talked about earlier, mEllenda jensie are ready to be independent to build IT. And I think jenee is going to start taking over from boomers, as is what's happening in this very podcast here, as we start to hit our we ten years as executives um and then all these boomers are retiring as chaos has pointed out over over again and they going to pass down their wealth, which then creates a perfect storm of a ton of capital, a ton of energy, lots of new ideas and different projective economy is gna boom uh and we will prove once again that were the greatest country and economy in the world.

You you're you're not a contrarian. You're what we call an optimist.

okay. And then i'll add .

to that check on our region, X.

G X and the fighting over covet a boring and guns. So suggestions and all the stuff is so exhAusting, not that these are not important issues that I think everybody is gona move to let to start respecting and building and solving problems. And I just think american exceptional ism will be .

um that happens in two.

I just think that that is my cater and belief for twenty everybody.

This is a primary race.

I think everybody believes this coming apart. I don't think getting this coming apart in a year. I think it's going to be a great year.

I take a little big years. I give my .

second and prediction.

Oh god, here we go. Yes, O, K, O, here IT is, I think the media, the media is gonna ll a total one eighty on covered, okay, after pumping out covered feerd n for two years, you're going to a change their two next year. Some of the things you're going to hear we to live with covet and can be eradicated.

They're even going to say it's it's more like a colder flu. They're going to say that politicians can be expected to to stop IT. They're going a memory hold their support for lockdowns aggers that we never supported that. And why is all this? Because we have an election next year and more americans have already died from covet under joe biden than Donald trump.

That's what memory hold.

what we should term. Yeah, heard the term memory all.

It's what the memory hole and is a .

hole got o but did you guys know that that more americans already died from covet .

under a joyning .

kind of percent? Now.

his writers club .

tribal factor, yeah, they did they did not look.

look at up and is certainly it's .

going be even more to wave. No, look, I don't blame joe biden for that.

sorry. But why is that? Because trump had no vaccine and bitten .

has had vaccine in two thousand people. So maybe it's like consistency in the us.

I think it's because of the republic public states that refuse to do any mediation OK.

Let's keep your look.

I don't blame biden for that. I don't blame any president, united states. Nonetheless, den campaigned on the idea of east shutting down the virus he and the democrats claim to that they would be able to eradicate IT.

That was the entire basis for all these coverage restrictions. Now it's is the case that IT can be done. Everyone's realizing that they're going to have to move the goal post a memory hole, ever saying that.

And so the democrats, desperate, need cover to be over for the twenty train two mid terms. Therefore, the media will say it's over. Well.

you started to see IT already because the media is probably scratching their head. They were the ones trying to force these lock drowns, you know, basking in the glow of whatever press released the the centers for disease control would put out. And all of a sudden the cdc just had to do a complete one eighty. And when they used to force ten day Quentin's for these positive tests and people with covered, they just back track to five. And why was because there's nobody to work and .

dealt a CEO s for at last week. And now there, I I don't know that's exactly the cc ultimately .

released just in the hands of big business. And so when big business needs these workers to come back, you know, they and they probably pissed off a lot of unions who would have loved, have just had a positive test and stay home forever. The teachers unions particularly, here we are. So this is a really tough situation.

And looking to be clear, the message that the media can deliver about covet next year, it'll be the first time I agree with IT, but it's completely dishonors of them to pretend like they were never in favor of lockdowns. And they completely inflated the thread and created this whole historia. And next year, they're going have to back off.

But also take into politic account sets that this new variant is much less deadly. So IT would be logical for people to take a less severe 的 we don't .

know whether there are more variants to come in the future that could .

be much worse。 But we also know what may be suspect.

Or the C, D. C. Makes a decision, broadly speaking, about everything. They're not making a decision about omicron.

They didn't say, if you have omicron cause known, is they really even be sure to the reason they shorten this is because they didn't know what they were doing before. They don't fundamentally know what they're doing now. They're making best gases. And the problem with these best gases is that they're inaccurate and IT forces enormous amounts of waves of havoc every time they make you that .

i'm talking about. I'm sure that saxes prediction that the media will flip a logical person, including everything on this call because vima on taking over for delta and being a natural blocker, IT would be the logical thing to do. So in defense of the media, which are not APP to do, it's logical for everybody to take a different approach right now because a micron is forty times more contagious IT blocks delta and it's become the dominant ant.

I think right now, the media is confused. They're not sure which way to go. So there's a high probability that they tack towards what.

But if you read the new york times article, IT was through greater teeth. They presented the fact that the cdc change the guide. If you read that article.

IT was like pulling tea. What you mean, say, the media define that little bit.

It's everybody about fox news. Come on, it's the elite prestige media. It's the neuk times, the washing post C N N M S N B C on on giving us a bigger .

audience with the aggregate of those publications you just mentioned or the direct to the consumer publications that are .

happening on use course regreted, because they're dion esty. So does that matter? Course, I still matters. A of you.

And no offensive. Everybody on youtube, we haven't gotten yet to the economic viability were enough. People on youtube can cover the broad spectrum of things that are important and then the mechanisms and incentives to amplify. So for example, I take a point, we still need CNN. There was a woman on CNN neck.

Please post the clip that you could be posted in the group chat, talking about the incidents of suicide rates and depression and children and what happened when they were locked at a school for two years. okay. And I am not going to stop talking about this because this is the issue of our times. These are our kids.

What I want to get to underreported stories as well. Jane.

oh, I for me, I mean, and my kids hear me ran about this every day. So I as well tell you guys it's is the crushing impact that our cover policies have had on Young kids and children a by far the least serious risk of serious illness.

Uh, but I mean even teenagers, you know a healthy teenager has a one in a million chance of getting in and dying from covet which is way lower than dying in a car rec on a road trip but they have suffered and sacrifice the most, especially kids in and represented at risk communities. And now we have the surgeon general saying there's a mental health crisis among our kids. Uh, the risk of suicide.

Girls suicide attends among girls, now fifty one percent this year. Uh, black kids, uh, nearly twice as likely as as White kids to die by suicide. I mean, school closures, locked down, cancellation of sports.

You couldn't go on a playground in the dc area, uh, without cops screwing, getting, showing the kids off. Tremendous negative impact on kids and it's been an after thought you it's it's hurt. Their dreams, their future learning loss, risk of abuse, their mental health. And now, with our knowledge, our vaccines are, if our policies don't reflect them, more measured and reasonable approach for our children, they will be paying for our generations decisions the rest of their lives. And that, to me, is the greatest under reported story of the past year.

And I don't see IT being talked about anywhere. We talked about IT first. You know, I posted that link about the decrease in I Q points, and then we started to talk about IT there slowly.

And now it's trickling into the mainstream .

media where they're forced to see a lip.

Kids are the ones who are the one who get hit the hardest. They can't do supplemental.

They don't don't mimic what this is. This is every child. Yes, disproportion fact, the data was that it's disproportion effecting minority kids o and that could be because of sociology of the parents.

But Jason, you can also have great parents OK. J, I not just say color because .

I poor hit kin. It's all kids of all kinds. okay. So we don't need the sub segment this to make this issue go away and seem smaller than IT is we have literally put tens of millions of killed children, yes, at least because of our behavior.

Yes, I agree with you. I'm not trying to minimize IT or .

making IT a smaller ship. Your point is that none of the smaller audiences. Um or smaller new media folks on youtube. But the podcasting have enough bread to really make an impact by talking at this topic. Is ever you're saying that the mainstream media is needed to hit the broad base?

No, what i'm saying very specific, the people on youtube cover what the people on youtube want, okay? The people on pod cats cover what they want. They're all very narrow, narrow that, okay, there is no set of incentives that then thread together and then amplifies in the absence of those two mechanics.

Those are software mechanics and economic mechanics. I need to get built in. What we lose is signal, right, that in my opinion, right now, over the last two weeks, is the single most important signal. And IT is nowhere, except for this one clip on CNN and the discussion that we had two weeks .

ago because the youtube I just to be really clear this .

because the youtube is is full of react videos and video games, which is fine. And the consumer missing here is talking about this issue and actually holding people accountable and who who should be out accountable in every single county where was basically a board of education that was trying to shut these kids out, who stood up and who told that story? Nobody did.

And if I was trying to be told, IT wasn't an amplified correctly enough. And so what happens is, after two years of damage to all of our kids, tens of millions of kids, there's a couple of fissures. One figure was on this podcast, which i'm very proud of. Another figure was this one few minutes.

C B S, C B S, C B S, sunday. But my point is these are the things that really matter. We haven't figured that out.

You what you're saying, and I think it's a really important point, is that as a youtube or as a podcast, you pick your niche that you can hit home on and you hit home over over every week. But no one says i'm going to broadly talk about the issues of our time and make sure no, no, that's such a video we do.

but it's a small subset. But I just listen more than a million .

people a week than listen to this. We we far exceeded M S P, C average viewership. We're probably gone to pass you know most cnbc shows and some CNN shows by the end next year. So we will do IT. But there's not enough.

There need to be more of us. We're an opinion show as much. You know, we're not A A traditional reporting show right in the sense that go out, gather and fast and present .

them or disagree agree. I think we a decent job drink for the truth. And the reason were able to do that is because of our friendship. We can hold each other accountable .

and call out the bullsh when we see IT is very hard for the media to hold this distant because they're saying, everybody needs to shelter in place. Covet is know this huge thing. They put the death count, put the case counter up.

They won. Talk about debt and I C, U, they won't talk about who's getting covered because they have an incentive to get more ratings through cove IT or trump. And they took that.

And then it's a narrative violation or its cognitive. And if they say at the same time everybody is a shelter in place, this thing is really deadly. But we should send our kids to school so they couldn't take that position.

Sacks in china, they couldn't take the position that, oh, what kids could go to school because that would go against. Hey, everybody needs to shelter in place and they packed. I think coit is the super deadly thing. Everybody has to shelter .

in place over shall, giving them too much clear. I think what happened was they had a position to reagan gate, lost power, and they took IT that they did not think about the true consequences. And IT may not have happened at any one individual reporter level, but when IT latters up to the editorial board and the decisions of the people who run the mass sides of these organizations, they made the decision that Carrying and organizing power was more important than shining a light to do the right thing specifically. In this case, the thing that aggravates me the most is around our kids.

No, I think they were going for readings. But anyway, we can keep debating with .

one thing we can save for sure as they created a hysterica, whether their motivation was ratings or a power grab or political advantage. There is probably all the above that. The bottom line is they wanted to create a hysteria.

And they've been pumping, covered for op in the population for the last two years. But my prediction, like I said, is that at all lives next year. why? Because there's an election in the way the media figures out. What is what is narrative is going to be as they start with the election result they want and then they reverse engineer the narrative that they thinks going to help achieve that election result. And if IT means contracting ing what they said yesterday, they will memory hole what they said yesterday in order to get on board the new narrative that is was going to happen.

I do think you're right, but I think I just thought I I don't want to lose this thread because this has nothing to do with coffee. Meaning covered was a symptom of this. But if you really thought that the organized mainstream media had the right to be, no, hazard has a purpose to be on the right side of justice.

Where were they when when school boards were tripping out, you know, advanced placement programs for kids or where when they were shutting kids out, engaging eight, uh, a male can be on a committee, you know, because he's gay, but he's not no black. I mean, these are the issues that stopped their children from literally walking into the class this room every day. But I those stories were not told, and they didn't happen just in one place.

They happened all across the country. And this is where those folks had a responsibility because they also probably had kids and they didn't do a thing about IT. That one issue for .

me really drive me crazy. Me proper question here, assume are going to get out of this um you know pandemic in to knock on wood no more various. What is the obligation and technique, the strategy to solve what we did to these kids? And I just want put out there, we are not to .

answer IT now, but I think we could spend an episode that's a very difficult question .

that I think you if we're going to spend all this money and build back Better, how about we build back to twenty loss fucked and I Q points that these kids have and then we do something .

about the depression and anxiety to get there because the the unions knowledge learning loss.

Glad we need to break the teachers unions period.

Let me make a prediction of that regard next year. There is can be about initiative in california to the first school choice. And the way it's gonna work is that I think there's something like thirteen thousand dollars spent per pull in california. This is going to be a about initiate that says that any parent who wants to send their kid to an accredited school can get a vault er for thirty thousand years in the state that is on the ballot.

I let go.

I predict that will be the big, big election in california and maybe the nation next year. And I think more than one hundred million will be spent on both sides. That thing, and I I can't predict gonna win.

I hope that does. This is a topic we're fighting over. This is something important to find guys, the wall of our eyes, they slipped in the Mickey, the hood, wink them.

You need choice. We know this is entrepreneurs. If there is no competition, things do not get Better. The school unions are complacent. Well.

let's make a resolution to make your new year's resolution. I think we all agree on this. Um I got approach about this ballot initiative. There is it's going to happen. There's going to be, like I said, at a major baLance ship next year for choice in california.

a let's all .

all in summit .

profits i'll put towards this yes, let's do IT.

Let's pull up on in and .

let's put some money behind this. I wanted tell .

you just a more personalized this issue, because I really think a lot of people listening struggle with this. I entered the pandemic with rules. I had rules about devices.

I had rules about, you know, how much time they could be online. I had rules around physical fitness, right? I had rules around diet.

And IT all went out the window. And IT became this thing where I was, I feed them the best they can. Sometimes they eat lunch with us. Sometimes they have to eat lunch by themselves. Because i'm stuck on some stupid zone, you know, back to back and these dumb beatings because these kids earn at school, they're only wait in, interact with their friends, became video games like fortnight where they could at least talk to their friends. yeah.

But then he became an addiction where they were doing IT for hours and hours ah and now trying and you know they gained weight because they weren't physically active and I am trying to unwind as is that as is my house wife were doing IT together as a team. IT is so hard actually hard, so hard. And what about all these people who don't have the access to the resources that I have to try to unwind this? And then what happens if I send my kids to the school and hope they may have a headache? Guess what? They get sent home and then their brother and sister have to get sent home to so you can test and be covered negative for a day.

moral. And so there is yet another day of school lost totally. We're and and like this is supposed to be one of the best schools in the country is not. And then I think what is every other school like them? If this is what I, if this is what you know, my my children have to do.

I think we should make this. We should have this as a major thing for twenty twenty two.

for the pod, I think very important. Educators and teachers unions accountable, absolutely. Boards accountable all around the country to fix this. This is your responsibility. You need to fix this.

We held police officers responsible in the last year or two. We've seen this policing being really like a spotlight put on IT. Well, let's put the same spotlight on teachers and administrators and schools.

We'll never do IT. We'll never do with our competition. That's what I learned to .

try out to build them. What you said was I just decided to get a teacher, and I obviously, I have the means to do IT. It's I know most people don't.

I certainly not have a growing up. We could barely you know afford to exist, but I think home schooling is a viable option. So with that, 3KI can tell you five parents。

Um who are in an under privilege area can take that five times to thirteen and take that what is that sixty five k and put IT together. And for sixty five k they can hire a teacher and they can do a Better job with those parents and a teacher for those five kids, I guarantee IT. So let's go to best performing asset of twenty twenty two. What he got you up.

This is simple. This would be battery metals, lithium, nico, cobalt, k, graphite, put in the basket, like you can be along these things, and rapid fire sex with best .

performing veni. The original what I do, I think growth got a little bit overfunded and overheated. And I think the seed stage also there is like, so there were so many new sea investors again to my up, and partially because of excess liquidity.

So series a is still the choke point, and I think it's still the best area to invest in. Innovation are going to stop that. This can be great series .

and investment next year. I also picked early stage startups because h, that's where the magic happens. I picked early stage like right before series day, I think spaking uh, things raising money, people coming down to do the serious bees. All of that is creating a pull for more startups. And the founders are getting very sophisticated in terms of finding product, market fit and scaling globally um you know earlier and that's what's creating these great big outcomes, whether is uber or facebook both figuring out and what are B, B, had to go global quickly. So my choice for best performing action of twenty twenty two is still early stage startups fever when he got .

obviously best performing asset in terms of a multiple basis. You're never gonna be at seat stage investing, certainly. But uh, you know I tried the highlight uh and continue my uh kind of contrarian and bed that we're going to see increased global conflict next year, again driven by, you know in comments trying to hold on to political office and increase inflation and feeling economic growth and the american response.

china. So in a world of increased global conflict, I think assets that do really well or energy commodities and energy stocks, I recently made a big bet on energy stocks. Uh defend stocks and IT used to be a gold IT could be the case that bitcoin, uh you know sees a uh role as being a defensive position in portfolios in the world of of war and conflict. So though those are my kind of macro um dreams for for asset .

most anticipated trend of twenty twenty two when he got off a trend anticipating in twenty twenty .

your payments um the destruction of traditional rails uh IT will come out of africa.

Great sex what you got this .

is why I had the civil war between progressives and programatic liberals. So building on what ma said, you already seeing this in the few between london breeden, chasa, boodie. That is really gone, I think, blossom next year.

We have not heard the last of that you saw in philadelphy, where the mayor, Michael nutter, took on Larry crazier. I think you're going to see the in york city between erik Adams and these manhattan elites. And you also saw a washington, d where the progresses were blaming mansion for, you know, that losing the bill back Better.

So this is civil is going to continue and which month predicted with A O C ver assume or would certainly play into that. So it's grabbed the popcorn. IT is the trend I anticipating the most.

All right, there you go. Do you anticipate a similar trend with like the all right trump ons and descending s and that kind of thing breaking up? How do you see .

that playing out? Not yet because, uh, isn't on the ballot. And twenty two. So I actually think the republican parties can be prizing unite in twenty and twenty two. I think where the trouble might come in is when we have a republican primary in twenty twenty three, and especially if trump runs, then you know, all helps onna .

break loose. So who we see where the two people who would be most viable against trump in twenty twenty two, three random antis and ted creese nak heli ick heli that's going to be that's going to be fireworks fabric when he got tice pate .

trend my biggest uh anticipated trend for twenty twenty two is onna be a gold rush in biotech into um what I think will become the cover story on magazine throughout the year that humans have discovered the fountain of youth. Um and this will arise from uh these investments in water called the monarch factor based salary programing methods. I've talked about this on the pot d in the past a few years ago.

Uh, scientists identify that four chemicals could trigger gene expression and cells and get those cells to effectively revert to be stem cells and more recently demonstrated that using uh uh lower amounts of those chemicals and other what are called kind of epigenetic genetic factors can trigger partial salary programme which caused a cells in the body to act youthful as a result of those discoveries. And absolute gold rush is now underway. Um more recently, uri milner, jeff bao, s arch and others put a billion dollars to see the new company called autos lives to pursue their apex s in this area. Google has individually funded a company called calico LED by art eleven in the former founder and CEO of genetic and I just .

recently uh Blake .

buyers and brian armstrong announced their new company called new limit with a hundred million of their own personal capital. All of these uh companies are pursuing the same uh effort which is um basically causing cells to be useful to regenerate in a useful way um and as a result you see kind of organs um and and systems in the body uh act more healthfully and there will be magazine covers and you know uh sixty minutes artic stories and all sorts of stuff fall start to happen in twenty twenty two, six oh my god.

As because the amount of money that's gone in, in this year is going to cause breakthrough and discoveries to start to get published about next year. And when that starts to happen in the media, the P R cycle start to kick up. You'll see this become the year of the year. Oc factor based a reprogramme and and everyone in the biggest gold rush um in biotech since for combined D N A um was used by gene tech in the in the eighties and nineteen all right。

And I had the most anticipated trend of twenty twenty two being the incredible investor laws are going to change and evolve and IT might just be you take a test and you know now a credit IT does not matter if you won the lottery or you make two hundred thousand a year and uh a legal crypt u framework is going to happen, I think, at the same time. So those regulations combined are going to in power really interesting capital formation, uh, on a global basis, whether it's running a syndicate with everybody in the world, including not a credit investors or dose or those two things merging or apology is talking about a capable over here that mirrored on a block chain at the same time and people being able to trade their interest in trouts fund or sexes fund or one of my syndicate with tokens on the internet. And that could become a major unlock where, you know.

if you were in, I don't have a and I run a meager family office.

well, if you were in your earlier funds and somebody and there is still stuff trickling to social capital, three, the people who have that could sell IT back to you or sell late to each other if they wanted to get liquidity. Um and that's going to be super interesting, especially if they can happen just globally where some person in china decides they want to have access to U. S.

funds. R, L, P S could just start selling if I was structured that way. Most anticipated film T V serious media.

Ya ata for twenty, twenty, twenty two. What do you got? Yellow stone sees in nine sex .

the first two .

episodes is really great I mean, you forget what a great actor um what's his name is Kevin .

customer customer .

is a great actor yes.

also great. Not be washing next season. But what I had down here is store rag rock a the writer director like a what td is back. If you saw the last store movie.

C. T is the .

last one. The new one is called for love and thunder. yeah. And there went from being, I think, when the most boring marvel characters in the first two movies to to be one of the funeste fun in his last movie. So I think that seek will be really good.

And then the other one is they're doing a prequel show for game of thongs called house the dragon. And i'm going to have to watch that and then pride that the star was show, looking forward to most to be the ob one. Can O B show with you in a gregor .

so and space and I had as well the oby one show, the boaf show and the man the warning shows all coming back are going to be absolutely bunkers. And then there's also this um token uh series that's coming out, the prequel I think that amazon spending a billion dollars on and I think that's landing in twenty twenty two.

Would he got a ouh IT is the all in summit and made miami and uh the the birth of all in media. So I think that we by the end of twenty twenty two will have um publish content, written content, not necessarily by us well.

but uh other forms .

of uh media interaction that get the truth out to a very large swath of humanity.

Is this moving is this .

moving beyond just a couple of bees doing a podcast during lockdown? What .

what in media? New acronym .

cable channel and just go twenty for the name .

is the media .

media OK.

There you go. I even know this is news for the rest of us, but is .

still who in a higher tucker.

they'll be no shortage of folks who will want to come out of the good work to work with us on this. And I think the goal should just be to make sure we figure out what the real north star is so that we never deviate. And part of the biggest things that that we did guys was not trying to hustle for some few, you know, shackles here there.

which we talk about A T the pity .

of not wrapping this .

thing with crappy z and all kinds of nonsense. We've never lost our way. Need some stupid deal for some crappy media company. We all have independent ways in which we can monetize our lives in our hard work. And so we should come to this to always tell the truth.

I think that that one of I will say, one of the great innovations that and decisions that you champion was not putting ads on IT. I hear at all the time for people.

We're saving you from yourself check.

It's an interesting idea where where you is advertising basis and a few business that's not driven by advertising dollars and not driven by greater by try to maxim page views and click and visits. Um then IT completely changes the equation of what's possible. I think this was part of the idea of what publicly funded media was supposed to be.

But IT obviously got you maybe a little bit too far. Field, it's too. Then they started adding ads.

I do you remember they have some funding. They like, okay, going to go for sponsorships or not ads sponsorship.

So you're the new pps.

no, it's something different.

I think this is we do this .

without any expectation of financial reward. We do IT because we enjoy IT.

And so what's up for each year even?

No, I mean, I have other things that me thank you very much. Check out.

Members that the M, B plug bp. So at first.

I don't know we were doing .

this category season to watch T.

V.

I would like to watch reruns .

of doctor who. What BBC show that nobody watches. Are you gona recommend? Does that matter? I mean.

come on, what show finland with I um like esoteric video OS and stuff I find on you. I really think it's so interesting and .

such a different way of consuming medius what video give Anderson is putting out a enrico lar .

going up and in the watching this movie at what .

video game you're playing, I called A, I called freedom on the phone to talk about ledge when he was going crazy on the group china news like I can't talk on a video game .

what video I was actually playing a video game by anaerobic tive which is Larry ellison's daughters um media production company and apparently I didn't know this. They had a video game ARM and the video games are the game I was playing was called my cat and um you you have have this like interesting movie like poetic experience as you play the game. So it's not really just designed to be act in action. I don't know. I thought I was a very interesting new way of IT .

was me IT simulation of .

a biology lab? Though you actually get different Baker sizes that you have different supporters like you.

you will get to buy all of .

the great.

You first mine IT. And the way that you mind is by solving mathematical equation.

I made a cruelty free fish to fish laboratory because of the genocide of fish that was a little control to take. Last week, I got dms for people that was a spicy take freeburg you'd get to blow back from that spicy take. Last week.

the spicy A I maxi going to respond everyone that me .

no IT was IT really because I people are like you. Well, I well.

here's something the comment I made that I think really trigger people what I said that animal agriculture is worse than human slavery and um maybe i'll just address IT in a real cake yeah you know I think the the point of view that people took away from that was that I diminished you know the pain and the the resonance uh in today is is kind of social economic context of a human slavery, particularly recently in amErica um and that wasn't my intention at all. Are your intention .

what what i'm trying .

to highlight is you know first of all, human slave oris been around as long as humans have been around, right for ten thousand years back to ancient egypt, the enslavement of humans, the the removal of opportunity and freedom granted to every living being um is is certainly manifest in the form of human slavery and we kind of take IT as a very acute pain point.

What I was highlighting is every year over a hundred billion land based animals are killed and they're born and put in in chains and put in jail and then murdered and eaten by humans as routine. And we don't like lift our head up and recognize just how serious and how scale. You know, this behavior is a the industrializing of this process, uh, is really important and there's videos you can watch. And I think .

when you I chaos voice in this is is really the voice .

that kept this forever becoming an issue because it's not human. We don't kind of pay attention to IT. And i'm just trying to highlight that there is something that is at such an extraordinary scale that we don't pay attention to you that one day will wake up and will be like.

oh god, I T all life being precious. And you say, the life of a cow, the life of a dog, the life of a human, these are all lives. The scale of suffering .

is these animals, these animals, these animals can problems solve. They can feel emotion. They can recognize, they can recognize things happening to them and to their, their loved ones and their family members. And I think that in the context of that, to cause pain and suffering on those animals and those creatures at the scale that we do, is something that just mind lowing to me. And I, and I expect that one day we will wake up and be like, I can believe we let our society do that, but I do think that we need to solve your moth problem, which is, how do you make something that's freak and delicious?

How do you make a cheaper hold on a second is not a problem. Like my perspective is I understand where you're coming from. I respect your point of view, but here's my point of view, which is we evolved to the superiority in an evolutionary process that was not preordained.

okay? And we are now in a position where we are allowed to consume things that we choose. Now there is also a clam that you could make that, you know what, a tiger or a lion should not be attacking and killing a gaza, because you know what that's causing suffering to the gazelle.

blob. A, at the end of the day, how we choose to go and consume the things that we need for something, stance is a choice that we can make. And there are probably Better choices we can make over time.

But at the end of the day, I think that this was A A reasonable evolution of humanity and human ingenuity, intellect. And I don't feel guilty about that. I don't wait the suffering of the animals the same way, way the sufficing of human beings I do.

And I would argue that when we were apes in the jungle and we didn't have the choice, I would whole hardly agree with you. But today we are a people that do have the choice, and that is because we have the choice to not eat meat and still survive and still be happy that we can make a Better change.

Taste good, like there's a part of my soul.

I just I agree. And that's why I think we need to solve that problem. And that's why I believe it's not a problem.

If if you made an alternative for you that taste a good as affordable as the alternative, which is actually killing an animal, you would choose IT. And we haven't given you that solution yet. And when I say we, I mean call IT the techno food people.

But there is a tremendous amount of money going into this area, and we will devise our artificially produced meat that will not be made by killing an animal, but will be made and just give you have a piece of sushi. Three years you have, uh, you will be able to go taste chicken next year. It'll be very, very expensive OK. Uh, but the cell based the meat will be available.

Are you stake?

That's really what is about David, my community. You as I will do a taste whenever you say what you call you, you pick the place the time I will show up. And if it's Better, I will never eat me again OK.

We're not we're not ready for that. That's that's a great commitment, right?

Yeah, I I I am similar.

but in the meantime.

对 对对对。

太好了。

It's not it's just test. But I will say freebody, if you're going to a have a party and it's only vegan, you need to put .

that on the invite or because I came thinking .

you were going to around you make me a .

Better woman from my nap was rima.

Aren't everybody for the dictator himself to moth poli appetite with great hair, a touch a grey, never look Better. And the sult of science city freeburg and charker carlsson tasty G O P front runner David sax, super spreading covet.

super spreading the truth.

super spreading the truth truth. David s.

from an disclosed busy higher way, which we all know, but we say i'm jaco .

and we'll see you in .

twenty twenty two.

It's been a great year.

your.

Winter, man.

We open sources to the fans and .

got .

crazy with.

your.

tension.