1 00:00:00,060 --> 00:00:02,250 S1: These past few weeks will be noted in the history 2 00:00:02,250 --> 00:00:05,369 S1: books as a turning point in both the world financial 3 00:00:05,370 --> 00:00:09,780 S1: institutions and the exponential growth of AI tools. It's like 4 00:00:09,780 --> 00:00:13,260 S1: an earthquake metaphorically struck the globe. Did you feel it? 5 00:00:13,289 --> 00:00:16,860 S1: Perhaps not. But what the aftershocks from the early days 6 00:00:16,860 --> 00:00:20,490 S1: of 2023 mean for the future of humanity, The direction 7 00:00:20,489 --> 00:00:23,910 S1: of the global economy and the coming next world order 8 00:00:23,910 --> 00:00:27,360 S1: will be felt in the months and years to come. Today, 9 00:00:27,360 --> 00:00:29,850 S1: we welcome our friend Chris Snook back to the show 10 00:00:29,850 --> 00:00:33,330 S1: to discuss this next world order. The forces that are 11 00:00:33,330 --> 00:00:35,970 S1: going to drive our future and how your life will 12 00:00:35,970 --> 00:00:38,820 S1: be impacted. And yes, crypto could play a big role 13 00:00:38,820 --> 00:00:40,800 S1: in it. The Sith Lords are doing their best to 14 00:00:40,800 --> 00:00:43,769 S1: bring us in line with their wishes, but we Jedi 15 00:00:43,800 --> 00:00:46,770 S1: are fighting the fight for freedom and liberty. So have 16 00:00:46,770 --> 00:00:49,530 S1: your lightsaber at the ready and may the force be 17 00:00:49,530 --> 00:00:54,580 S1: with you for this episode number 675. Of the Bad 18 00:00:54,580 --> 00:00:56,410 S1: Crypto podcast. Five. 19 00:00:56,800 --> 00:01:05,260 UU: Four, three, one zero. Ignition Boost. Bad. 20 00:01:24,760 --> 00:01:30,550 S1: Set the Wayback Machine to October 24th of 2018. Five 21 00:01:30,550 --> 00:01:36,729 S1: years ago almost Episode number 197, where we had Christopher J. Snook, 22 00:01:36,730 --> 00:01:40,600 S1: our friend and comrade, on an episode called The Future 23 00:01:40,600 --> 00:01:44,950 S1: of Money prognosticating about what comes next. And he is 24 00:01:44,950 --> 00:01:49,120 S1: back with us today to take a look at those predictions. 25 00:01:49,270 --> 00:01:52,150 S1: You know, was he on track with what the direction 26 00:01:52,150 --> 00:01:55,419 S1: things are going and to look at these five forces 27 00:01:55,420 --> 00:01:58,420 S1: that are propelling us into the future. Chris, welcome back 28 00:01:58,420 --> 00:01:59,950 S1: to the Bad Crypto podcast, sir. 29 00:02:00,490 --> 00:02:02,620 S2: I am super excited to be here. I can't believe 30 00:02:02,620 --> 00:02:04,419 S2: it's been five years. That's nuts. 31 00:02:04,420 --> 00:02:08,230 S1: You look moderately excited. I don't know that you're super excited. Yeah, he. 32 00:02:08,230 --> 00:02:10,270 S3: Didn't. He didn't look inside at all. 33 00:02:10,270 --> 00:02:14,109 S1: I'm really. I couldn't be happier to be here today. 34 00:02:14,320 --> 00:02:17,140 S2: Couldn't be happier to be here. Thanks for having me. 35 00:02:17,139 --> 00:02:19,180 S2: I'm just tempered. I'm tempered because I know we're going 36 00:02:19,180 --> 00:02:19,900 S2: to ramp up. 37 00:02:19,900 --> 00:02:25,390 S3: So we all remember episode number 675 already. I'm so excited. 38 00:02:25,389 --> 00:02:25,840 S3: By the way. 39 00:02:25,840 --> 00:02:28,240 S2: Dude, love 675. That's a solid number. 40 00:02:28,240 --> 00:02:30,580 S1: It's a good number. It's a good number. I don't know. 41 00:02:30,730 --> 00:02:33,609 S1: You know, when you look at numerology, what it means, 42 00:02:33,610 --> 00:02:35,680 S1: but maybe Trav, you can look that up while I 43 00:02:35,680 --> 00:02:40,150 S1: while I ask this first question. So you listened to 44 00:02:40,150 --> 00:02:44,560 S1: episode 197 and prepping for this show. You listen to 45 00:02:44,560 --> 00:02:47,889 S1: it last night. I want to know what stood out 46 00:02:47,889 --> 00:02:51,190 S1: that you know, that you or we said in that 47 00:02:51,190 --> 00:02:54,490 S1: show that was prescient and you feel is like, oh, yeah, 48 00:02:54,490 --> 00:02:55,869 S1: that was spot on. 49 00:02:57,720 --> 00:03:03,150 S2: I think what's interesting is, you know, we talked we 50 00:03:03,150 --> 00:03:07,109 S2: talked a lot about the role that these new forms 51 00:03:07,110 --> 00:03:11,770 S2: of money, i.e. crypto and. All forms, but Bitcoin and 52 00:03:11,770 --> 00:03:14,320 S2: things that we talked about kind of how they were 53 00:03:14,320 --> 00:03:17,380 S2: going to unlock and be and disrupt and create some 54 00:03:17,380 --> 00:03:19,750 S2: new things. I think what stood out to me was 55 00:03:19,750 --> 00:03:25,030 S2: just that it was a it was directionally a great 56 00:03:25,030 --> 00:03:28,180 S2: episode to to listen to. I think, you know, we 57 00:03:28,180 --> 00:03:30,910 S2: got most of the predictions right. I think what you 58 00:03:30,910 --> 00:03:33,790 S2: can't foresee is when the pandemic was going to hit 59 00:03:34,690 --> 00:03:37,330 S2: what what the aftermath of that would look like. And 60 00:03:37,330 --> 00:03:40,570 S2: now we're kind of seeing that play out. I think 61 00:03:40,570 --> 00:03:43,720 S2: there's some disappointment in it. I think in 2018, we 62 00:03:43,720 --> 00:03:46,390 S2: talked a lot about places like Estonia and we talked 63 00:03:46,390 --> 00:03:49,310 S2: about Lithuania because in the time we recorded that, I 64 00:03:49,310 --> 00:03:53,020 S2: had just lived overseas for like 990 days or something. 65 00:03:53,380 --> 00:03:56,200 S2: And we we kind of that stood out to me too, 66 00:03:56,200 --> 00:03:58,870 S2: because it was talking about how we have been hearing 67 00:03:58,870 --> 00:04:01,600 S2: about those places and how progressive they were and how 68 00:04:01,600 --> 00:04:04,660 S2: much infrastructure they had been laying down. And yet when 69 00:04:04,660 --> 00:04:08,170 S2: I was over there on the ground, like unless you 70 00:04:08,170 --> 00:04:10,480 S2: were talking about it with someone, it wasn't like you 71 00:04:10,480 --> 00:04:13,750 S2: were tripping over blockchains or tripping over bitcoins in the street, 72 00:04:13,750 --> 00:04:16,539 S2: which was kind of the impression I had before going there. 73 00:04:16,540 --> 00:04:18,880 S2: And so, you know, we talked a little bit about 74 00:04:18,880 --> 00:04:20,560 S2: those things. And I think what's relevant about that as 75 00:04:20,560 --> 00:04:24,039 S2: we look at today is I think there's a level 76 00:04:24,040 --> 00:04:28,630 S2: of interest that has has ground swelled over the last 77 00:04:28,630 --> 00:04:31,330 S2: five years for sure. I think we've seen a lot 78 00:04:31,330 --> 00:04:35,710 S2: more growth in the number of people talking about these concepts, 79 00:04:35,710 --> 00:04:39,490 S2: the number of institutions that have placed a bet on 80 00:04:39,490 --> 00:04:44,380 S2: the future of things like Bitcoin. And yet the apathy 81 00:04:44,380 --> 00:04:47,109 S2: is probably at an all time high. And I think 82 00:04:47,110 --> 00:04:49,420 S2: that there's, you know, if you wanted to be concerned 83 00:04:49,420 --> 00:04:52,960 S2: about stuff, you could be very concerned right now in 84 00:04:52,960 --> 00:04:58,450 S2: the midst of this current kind of global banking crisis, 85 00:04:58,450 --> 00:05:00,890 S2: if you want to call it that. I think we 86 00:05:00,910 --> 00:05:01,270 S2: I think we. 87 00:05:01,270 --> 00:05:02,799 S1: Are going to call it that. I mean, it's what 88 00:05:02,800 --> 00:05:04,690 S1: it is. And we're going to we're going to delve 89 00:05:04,690 --> 00:05:08,049 S1: into these these five forces that are driving. Trav, did 90 00:05:08,050 --> 00:05:11,910 S1: you come up with what numerology tells us about 675? 91 00:05:11,920 --> 00:05:15,250 S3: Well, 675 would be six plus seven plus five is 92 00:05:15,250 --> 00:05:18,370 S3: equals 18 and one plus eight equals nine. So it's 93 00:05:18,370 --> 00:05:21,460 S3: a good Tesla number number nine if you're doing that. 94 00:05:21,460 --> 00:05:23,260 S3: But number you know what that is? 95 00:05:23,260 --> 00:05:25,029 S2: You know what that is? Number nine is the number 96 00:05:25,029 --> 00:05:27,550 S2: of completion. So maybe this is the last time I'm 97 00:05:27,550 --> 00:05:28,779 S2: ever going to be on the show. Maybe. 98 00:05:29,920 --> 00:05:32,140 S3: Maybe so. You know what's interesting, though, is like we've 99 00:05:32,140 --> 00:05:34,750 S3: had a lot of conversations, Joel and I. And then also, 100 00:05:34,750 --> 00:05:37,390 S3: you know, you and I as well, Chris, around the 101 00:05:37,390 --> 00:05:40,839 S3: everything bubble, right. And how this right here, this and 102 00:05:40,839 --> 00:05:42,730 S3: there's a book called The Everything Bubble. We've read it. 103 00:05:42,730 --> 00:05:46,089 S3: We've been talking about how things are probably going to go. 104 00:05:46,089 --> 00:05:48,460 S3: The financial system is going to be some big cracks 105 00:05:48,460 --> 00:05:51,220 S3: in it eventually. And we've talked probably going to be 106 00:05:51,220 --> 00:05:54,670 S3: some cbdc central bank digital currencies coming in. How's it 107 00:05:54,670 --> 00:05:57,280 S3: going to happen? Little did we know that we were 108 00:05:57,279 --> 00:06:00,700 S3: going to see the huge economic cracks in the system 109 00:06:00,700 --> 00:06:05,020 S3: as the same time as we're seeing these ginormous advancements 110 00:06:05,020 --> 00:06:09,190 S3: in artificial technology and other technology things. It's like it's 111 00:06:09,190 --> 00:06:13,060 S3: like this whirling dervish that's going on right now between 112 00:06:13,060 --> 00:06:16,660 S3: the old world financial system and the new technology system 113 00:06:16,660 --> 00:06:19,779 S3: sort of simultaneously. We're at a pinnacle. It's weird. 114 00:06:20,290 --> 00:06:22,600 S4: Hmm. Well, let's let's take. 115 00:06:22,600 --> 00:06:24,550 S1: A look at these then, because we have in our 116 00:06:24,550 --> 00:06:27,070 S1: show notes, which you guys can check out all five 117 00:06:27,070 --> 00:06:29,110 S1: of these forces that we're going to be talking about 118 00:06:29,110 --> 00:06:34,330 S1: at bad coding forward slash six, seven, five. The first one, Chris, 119 00:06:34,330 --> 00:06:38,680 S1: is you noted that the demographics of the world are 120 00:06:38,680 --> 00:06:42,669 S1: changing pretty quickly, especially here in the United States. Talk 121 00:06:42,670 --> 00:06:43,270 S1: about that. 122 00:06:45,110 --> 00:06:49,219 S2: Rapid fire. We've lived on the last 50 years of 123 00:06:49,220 --> 00:06:52,160 S2: essentially the ME generation, which was 78 million boomers, which 124 00:06:52,160 --> 00:06:54,830 S2: most people have known, kind of investing in the markets, 125 00:06:54,830 --> 00:06:58,160 S2: buying stuff, consuming stuff. And now they are in a 126 00:06:58,160 --> 00:07:01,250 S2: position where through the act, if you don't have time 127 00:07:01,250 --> 00:07:05,390 S2: to get into, they are now forcibly having to withdraw 128 00:07:05,390 --> 00:07:09,920 S2: from the markets systematically each year. And what's interesting is, again, 129 00:07:09,920 --> 00:07:13,400 S2: demographic wise, that was supposed to happen when they hit 72, 130 00:07:13,430 --> 00:07:16,850 S2: they pushed it back last November of 2022 to the 131 00:07:16,850 --> 00:07:19,280 S2: age of 75. Now, the reason they gave was so 132 00:07:19,280 --> 00:07:21,980 S2: that boomers had more time to invest in the market 133 00:07:21,980 --> 00:07:25,190 S2: and pad their retirement. That's one. If you had a 134 00:07:25,190 --> 00:07:27,350 S2: tin hat on or if you're just putting some logic 135 00:07:27,350 --> 00:07:29,420 S2: and reason together, you might think maybe they pushed it 136 00:07:29,420 --> 00:07:33,080 S2: back because they can't have millions and millions of people 137 00:07:33,080 --> 00:07:36,020 S2: withdrawing from the stock market at the same time. Nobody 138 00:07:36,020 --> 00:07:39,080 S2: else is buying into it. Right. And so it was. 139 00:07:39,080 --> 00:07:42,680 S3: 65 years old, then it became 72. Now it's 75. 140 00:07:43,430 --> 00:07:47,040 S2: As of November of last year at 75. So, you know, 141 00:07:47,060 --> 00:07:50,480 S2: so these demographics matter. People don't like to talk about them. 142 00:07:50,480 --> 00:07:52,400 S2: Macro guys argue over them. But at the end of 143 00:07:52,400 --> 00:07:54,530 S2: the day, like, you can't you know, you can't discount 144 00:07:54,530 --> 00:07:56,510 S2: the fact that when you go back 50 years, they 145 00:07:56,510 --> 00:07:59,480 S2: were 25 year olds. Right? And they were looking at 146 00:07:59,480 --> 00:08:01,400 S2: the same thing at 25 year old. Today is in 147 00:08:01,400 --> 00:08:04,700 S2: different time. Right. They were looking at Dow at 972. 148 00:08:04,730 --> 00:08:08,179 S2: They were looking at, you know, bond market in the 149 00:08:08,180 --> 00:08:11,750 S2: double digits and a real savings rate where you could 150 00:08:11,750 --> 00:08:15,140 S2: actually save and earn money. They were looking at affordable 151 00:08:15,140 --> 00:08:19,670 S2: housing compared to their average median income. And so they 152 00:08:19,670 --> 00:08:21,860 S2: were looking at yield curves that weren't inverted and that 153 00:08:21,860 --> 00:08:25,489 S2: were up until the right. And so growth and possibility 154 00:08:25,490 --> 00:08:29,450 S2: and future prosperity, i.e. investing in my future all was 155 00:08:29,450 --> 00:08:32,150 S2: in the asset classes that we've known and love the 156 00:08:32,150 --> 00:08:36,860 S2: last 50 years, Right. Real estate bonds and stocks. And 157 00:08:37,400 --> 00:08:39,560 S2: if you're a 25 year old today, you don't see 158 00:08:39,559 --> 00:08:41,569 S2: those dynamics, right? You got the Dow at all time 159 00:08:41,570 --> 00:08:43,730 S2: highs and it doesn't connect to the actual Main Street 160 00:08:43,730 --> 00:08:47,000 S2: or real economy because multiples are out of control. We've 161 00:08:47,000 --> 00:08:50,449 S2: had 15 years of zero interest rate, well, ten years 162 00:08:50,450 --> 00:08:52,850 S2: of zero interest rate money, 15 years of almost near 163 00:08:52,850 --> 00:08:57,830 S2: free money. And so everything was risk on. And these valuations, 164 00:08:57,830 --> 00:09:00,230 S2: as Travis said, you know, in this everything bubble kind 165 00:09:00,230 --> 00:09:03,170 S2: of blew up every asset class to levels that really 166 00:09:03,170 --> 00:09:05,390 S2: don't make sense and have gotten unaffordable. Rich have gotten 167 00:09:05,390 --> 00:09:10,280 S2: far richer, pandemic accelerated that, you know, with several people 168 00:09:10,280 --> 00:09:14,000 S2: adding $100 billion to their net worth while, you know, 169 00:09:14,000 --> 00:09:16,370 S2: 500 million Pfizer. 170 00:09:16,370 --> 00:09:18,080 S4: Oh, sorry. Did I just I sorry. 171 00:09:18,080 --> 00:09:18,559 S1: I sneeze. 172 00:09:19,820 --> 00:09:24,260 S2: So so I guess, you know, the demographics force is real. 173 00:09:24,740 --> 00:09:27,949 S2: You have a bunch of boomers that are our parents 174 00:09:27,950 --> 00:09:30,830 S2: age and that plan to live for as long as 175 00:09:30,830 --> 00:09:35,180 S2: they can and probably will live longer than their predecessors 176 00:09:35,179 --> 00:09:39,140 S2: because of advancements in science and health. And yet they have, 177 00:09:39,140 --> 00:09:42,890 S2: you know, a dwindling, limited supply of fixed income. And 178 00:09:42,890 --> 00:09:44,930 S2: so what are they going to do? Well, what all 179 00:09:44,929 --> 00:09:46,219 S2: of us would do, if you don't know how long 180 00:09:46,220 --> 00:09:47,690 S2: you're going to live and you have a certain amount 181 00:09:47,690 --> 00:09:50,510 S2: of assets to write it out, you start cutting costs, right? 182 00:09:50,510 --> 00:09:53,600 S2: You sell your second home, you you live with the 183 00:09:53,600 --> 00:09:57,050 S2: used car. And so as you exit the consumer market, 184 00:09:57,170 --> 00:10:00,620 S2: there's there's got to be someone to replace your thrust. 185 00:10:01,130 --> 00:10:05,089 S2: And and right now, you know, we're in a position 186 00:10:05,090 --> 00:10:08,150 S2: where consumers have carried the US economy to the tune 187 00:10:08,150 --> 00:10:11,690 S2: of 70% of GDP for the last several decades. And 188 00:10:11,690 --> 00:10:15,349 S2: we're loaded up in debt. You got 3.9 billion people 189 00:10:15,350 --> 00:10:17,120 S2: on the planet on the other side of the planet 190 00:10:17,120 --> 00:10:20,690 S2: under the age of 39 that are digitally native and 191 00:10:20,690 --> 00:10:23,660 S2: that are kind of emerging markets from Southeast Asia to 192 00:10:23,660 --> 00:10:27,709 S2: what have you. And so there's these interesting shifts in 193 00:10:27,710 --> 00:10:32,030 S2: where the future of consumption will be. Digital assets will 194 00:10:32,030 --> 00:10:34,189 S2: be probably more purchased, whether it's in the form of 195 00:10:34,190 --> 00:10:36,860 S2: skins or avatars or things that people maybe don't fully 196 00:10:36,860 --> 00:10:40,189 S2: understand yet, then physical assets, or we'll buy physical assets 197 00:10:40,190 --> 00:10:44,120 S2: with digital representations of them. And again, how we move 198 00:10:44,120 --> 00:10:46,220 S2: that around the world, how we hold that in our 199 00:10:46,220 --> 00:10:50,150 S2: quote unquote wallet, whatever you think that is, has to 200 00:10:50,150 --> 00:10:52,520 S2: be connected to the three core values, which we'll talk about, 201 00:10:52,520 --> 00:10:55,130 S2: I guess, in a follow up here, because that's another 202 00:10:55,130 --> 00:10:57,620 S2: force of the difference in a 25 year old today 203 00:10:57,620 --> 00:11:00,949 S2: and what they value and why that why that is 204 00:11:00,950 --> 00:11:04,849 S2: a indicator of, I think, where we're going from a 205 00:11:04,850 --> 00:11:09,100 S2: consumptive standpoint. But we'll take a breath and, you know, 206 00:11:09,100 --> 00:11:10,600 S2: kind of talk about whatever. 207 00:11:10,600 --> 00:11:15,810 S3: So Force One, global demographics are rapidly changing. That's true. 208 00:11:15,820 --> 00:11:18,010 S3: I mean, you talk about the boomers and how they 209 00:11:18,010 --> 00:11:21,550 S3: were so big consumers because because it rhymes with boomer. 210 00:11:21,550 --> 00:11:24,400 S3: So you got to be a consumer. And so now 211 00:11:24,400 --> 00:11:26,530 S3: those things are changing. And we're talking one of these 212 00:11:26,530 --> 00:11:29,589 S3: other forces around geopolitics, right? We're talking about some of 213 00:11:29,590 --> 00:11:31,810 S3: this other stuff that's going on. China's going to come up. 214 00:11:31,809 --> 00:11:36,550 S3: But right now, you know, ten was a 15 years ago, 2008, 215 00:11:36,550 --> 00:11:39,520 S3: when we had the other big boom, the financial crisis, then. 216 00:11:39,610 --> 00:11:42,610 S2: GFC baby, the GFC, great financial crisis. 217 00:11:42,610 --> 00:11:44,770 S3: That was the great financial crisis. So what's this one? 218 00:11:44,770 --> 00:11:47,980 S3: The greater financial crisis of 2020. You know, who knows? 219 00:11:47,980 --> 00:11:50,260 S2: Time. Time will tell. But I do think this is 220 00:11:50,260 --> 00:11:52,090 S2: going to be you know, we talked about next World 221 00:11:52,090 --> 00:11:55,600 S2: Order in the title of this. And that's not a 222 00:11:55,600 --> 00:11:58,270 S2: nefarious term. That's just the reality of if you look 223 00:11:58,270 --> 00:12:01,360 S2: back through history, right, every time we get to some 224 00:12:01,360 --> 00:12:05,140 S2: systemic 100 year change or whatever you want to call it, 225 00:12:05,140 --> 00:12:08,829 S2: there is a reshaping of the New World Order and 226 00:12:08,830 --> 00:12:12,040 S2: who is kind of at the top, who is doing 227 00:12:12,040 --> 00:12:15,490 S2: trade deals, with whom, what the what the sanctions are, 228 00:12:15,490 --> 00:12:19,420 S2: all that kind of stuff. And for the last 100 years, 229 00:12:19,420 --> 00:12:21,850 S2: in ten years that we've had the Federal Reserve and 230 00:12:22,120 --> 00:12:26,020 S2: through both the gold standard, then Bretton Woods and then 231 00:12:26,020 --> 00:12:30,250 S2: and then essentially 1971 coming off the gold standard, you know, 232 00:12:30,250 --> 00:12:32,349 S2: as we've moved through this different thing, we've had this 233 00:12:32,350 --> 00:12:34,490 S2: central bank kind of model for the last hundred and 234 00:12:34,490 --> 00:12:37,390 S2: ten years that we take for granted as normal, but 235 00:12:37,390 --> 00:12:40,720 S2: it's 110 years old. And if you look at books 236 00:12:40,720 --> 00:12:42,100 S2: like The Fourth Turning, which you guys have heard me 237 00:12:42,100 --> 00:12:44,860 S2: talk about at nauseam, we kind of are in that 238 00:12:44,860 --> 00:12:49,569 S2: crisis mode of that fourth turning, which is somewhere around 20, 30, 20, 239 00:12:49,570 --> 00:12:51,790 S2: 32 is when we'll hit the peak piece of that. 240 00:12:51,790 --> 00:12:54,490 S2: And what happens in that time period is the institutions 241 00:12:54,490 --> 00:12:57,130 S2: from the last hundred years are either torn down, fall 242 00:12:57,130 --> 00:13:00,520 S2: down or kind of degrade to a level. And then 243 00:13:00,520 --> 00:13:02,650 S2: in parallel, what's happening is for a period of about 244 00:13:02,650 --> 00:13:04,870 S2: ten years, there's this overlap where the institutions that will 245 00:13:04,870 --> 00:13:06,850 S2: rule the next 100 years or the first 50 of 246 00:13:06,850 --> 00:13:10,120 S2: the next hundred years are being stood up and they're 247 00:13:10,120 --> 00:13:12,880 S2: to replace. And there's like all this disarray that happens 248 00:13:12,880 --> 00:13:15,760 S2: in that period, as you can imagine, because the status 249 00:13:15,760 --> 00:13:18,819 S2: quo is kind of fighting to maintain itself. But it's 250 00:13:18,820 --> 00:13:20,890 S2: it's kind of like, you know, it's a it's a 251 00:13:20,890 --> 00:13:25,120 S2: broken down house. Right? It's it's ultimately just going to collapse. 252 00:13:25,600 --> 00:13:27,490 S4: But it's like the movie. 253 00:13:27,700 --> 00:13:30,790 S1: It's like Money Pit with Tom Hanks. Right. You know, 254 00:13:30,790 --> 00:13:33,430 S1: that's kind of how they're treating the the US, by 255 00:13:33,429 --> 00:13:36,540 S1: the way, as you were talking about new alignments and stuff. 256 00:13:36,550 --> 00:13:39,250 S1: I want to point out this tweet just broke that 257 00:13:39,250 --> 00:13:40,360 S1: Putin and it's. 258 00:13:40,360 --> 00:13:41,260 S4: Happening right now. 259 00:13:42,520 --> 00:13:46,870 S1: On Russia China, strategic cooperation. And of course, this empowers 260 00:13:46,870 --> 00:13:50,800 S1: both both Russia and China. But you alluded to how 261 00:13:50,800 --> 00:13:55,390 S1: young people today are valuing things different and want different jobs. 262 00:13:55,390 --> 00:13:57,880 S1: So this is this is force number two, right? 263 00:13:57,880 --> 00:13:58,390 S4: Well, yeah. 264 00:13:58,390 --> 00:14:02,230 S2: So force number two is to simplify, you know who 265 00:14:02,240 --> 00:14:04,810 S2: another favorite author of mine wrote several books connect to 266 00:14:04,990 --> 00:14:08,760 S2: his most recent one. It's called Move His you know, 267 00:14:08,770 --> 00:14:11,620 S2: the three forces that or the three values that kind 268 00:14:11,620 --> 00:14:16,660 S2: of anyone in the wise generations value are in this order. Mobility, 269 00:14:16,660 --> 00:14:21,100 S2: connectivity and community. Right. And if you think about that, 270 00:14:21,100 --> 00:14:23,020 S2: that makes a lot of sense with what you've witnessed, right? 271 00:14:23,050 --> 00:14:25,870 S2: I mean, everything from the me generation has now become 272 00:14:25,870 --> 00:14:28,390 S2: the we generation, including the names of companies that we have, 273 00:14:28,390 --> 00:14:31,960 S2: like we work and things like that, right? So mobility 274 00:14:32,320 --> 00:14:33,580 S2: is that we collapsed. 275 00:14:34,570 --> 00:14:38,800 S5: We yeah, we crashed. But the, you know, the, the. 276 00:14:38,800 --> 00:14:41,470 S2: Thing that stuck behind with all that are these values 277 00:14:41,470 --> 00:14:45,010 S2: that are hard anchored and almost hardwired into their consciousness. 278 00:14:45,010 --> 00:14:47,410 S2: And they're not they're not bad values. Right? Mobility is 279 00:14:47,410 --> 00:14:51,430 S2: one they they don't want to be contained in a 280 00:14:51,430 --> 00:14:54,940 S2: geo a job, you name it. Right. The flexibility that 281 00:14:54,940 --> 00:14:58,960 S2: being digitally native and having this $1,000 supercomputer in their 282 00:14:58,960 --> 00:15:02,200 S2: pocket is given them and platforms from YouTube to what 283 00:15:02,200 --> 00:15:05,080 S2: have you to distribute is this idea that I can 284 00:15:05,080 --> 00:15:08,050 S2: live a life on my terms and I can make 285 00:15:08,050 --> 00:15:10,900 S2: money whether it's a living wage or whatever, doing things 286 00:15:11,080 --> 00:15:12,700 S2: from wherever I want to be. 287 00:15:12,910 --> 00:15:13,900 S5: And so mobility. 288 00:15:14,260 --> 00:15:16,930 S3: That's not just I don't think that's necessarily a Gen 289 00:15:16,930 --> 00:15:19,840 S3: Y or a Gen Z thing because I'm Gen X 290 00:15:19,840 --> 00:15:22,630 S3: and you're Gen X and you you just talked about 291 00:15:22,630 --> 00:15:26,860 S3: spending 90 days over in Estonia. I've spent months here 292 00:15:26,860 --> 00:15:29,650 S3: and months there. And I mean, that's it's so much 293 00:15:29,650 --> 00:15:32,140 S3: better than being tied in to having a mortgage in 294 00:15:32,140 --> 00:15:34,690 S3: some place. You don't you don't want to stay most 295 00:15:34,690 --> 00:15:35,500 S3: of the time. Right. 296 00:15:35,500 --> 00:15:37,900 S5: Well, and and quite frankly, you know, it's. 297 00:15:37,930 --> 00:15:39,370 S2: Also a defensive strategy for those. 298 00:15:39,370 --> 00:15:40,000 S5: People who. 299 00:15:40,000 --> 00:15:43,300 S2: You know, kind of really worry about the uncertainties that 300 00:15:43,300 --> 00:15:45,100 S2: that kind of faces right now. Right. Is the ability 301 00:15:45,100 --> 00:15:48,280 S2: to be nimble is is an actual asset as well. 302 00:15:48,670 --> 00:15:50,590 S2: But you're right. I mean, and I think, you know, 303 00:15:50,590 --> 00:15:53,920 S2: obviously there's been a lot of podcasts talking about with 304 00:15:53,920 --> 00:15:57,310 S2: smart people about this. You know, mobility has penetrated other 305 00:15:57,310 --> 00:16:02,020 S2: generations for sure, including Gen X in the sense that 306 00:16:02,230 --> 00:16:05,440 S2: the pandemic really gave us the ability to finally work 307 00:16:05,440 --> 00:16:06,310 S2: from home in a way or. 308 00:16:06,490 --> 00:16:07,930 S5: Remotely in a way where. 309 00:16:08,260 --> 00:16:11,620 S2: People kind of got hooked on that and don't want 310 00:16:11,620 --> 00:16:15,280 S2: to go backwards. Right. And and that's got its own 311 00:16:15,280 --> 00:16:18,070 S2: pressures on things from commercial real estate to what have you, right? 312 00:16:18,070 --> 00:16:19,600 S2: I mean, if you go to New York today, it's 313 00:16:19,600 --> 00:16:21,960 S2: completely different New York than it was five years ago. 314 00:16:21,970 --> 00:16:24,750 S2: I mean, I literally was in Midtown looking across at 315 00:16:24,760 --> 00:16:27,610 S2: the McGraw-Hill Building from a hotel room, and I counted 316 00:16:27,610 --> 00:16:29,770 S2: no less than a dozen floors that were stripped down, 317 00:16:29,770 --> 00:16:32,440 S2: bare to the bones across the street. And that's one 318 00:16:32,440 --> 00:16:34,960 S2: building out of how many hundreds that that are in 319 00:16:34,960 --> 00:16:38,590 S2: high rises. And those office jobs are not coming back. 320 00:16:38,590 --> 00:16:40,990 S2: And then when you factor in, I again, not jumping 321 00:16:40,990 --> 00:16:43,690 S2: around but jumping, trying to connect these dots for folks 322 00:16:43,690 --> 00:16:48,400 S2: rapidly like when you connect the I exponential change that's 323 00:16:48,400 --> 00:16:51,340 S2: happening in the deflationary forces it's doing on knowledge work, 324 00:16:51,340 --> 00:16:54,040 S2: whether it be accountancy or paralegals or what have you, 325 00:16:54,070 --> 00:16:56,140 S2: tell me who's going to be in those offices then. 326 00:16:56,930 --> 00:16:57,880 S4: Let me let me let me. 327 00:16:57,880 --> 00:17:00,370 S1: Make a point about that, Chris, because we just did 328 00:17:00,370 --> 00:17:03,010 S1: we just covered this on The Bad I show. If 329 00:17:03,010 --> 00:17:06,100 S1: you guys want to check out Bad, I show episode 330 00:17:06,100 --> 00:17:13,270 S1: number four, because what happened this week is Google, Microsoft, OpenAI, Midjourney. 331 00:17:13,270 --> 00:17:18,190 S1: They all took a huge step up today in what 332 00:17:18,190 --> 00:17:21,700 S1: these tools are able to do. And now Chatgpt four 333 00:17:21,700 --> 00:17:24,909 S1: can not only pass the bar but can pass the 334 00:17:24,910 --> 00:17:29,290 S1: medical exams, right? I mean, it's crazy. And I just 335 00:17:29,290 --> 00:17:32,859 S1: read in a newsletter that I subscribe to called Neon 336 00:17:32,859 --> 00:17:37,000 S1: Pulse that according to the World Economic Forum, who we 337 00:17:37,000 --> 00:17:40,780 S1: all love and admire so much, 50% of all employees 338 00:17:40,780 --> 00:17:44,800 S1: will need reskilling by 2025. 339 00:17:45,130 --> 00:17:47,110 S4: That's huge. 340 00:17:47,470 --> 00:17:50,170 S3: We're never we're never going to forget the month of 341 00:17:50,170 --> 00:17:52,870 S3: March 2023, folks, and we're still here in the middle 342 00:17:52,869 --> 00:17:53,200 S3: of it. 343 00:17:53,200 --> 00:17:54,490 S2: And I mean, you know, and this. 344 00:17:54,490 --> 00:17:56,649 S5: This either this no matter. 345 00:17:56,650 --> 00:18:01,060 S2: What happens tomorrow, we won't forget this week. Right. Because, 346 00:18:01,090 --> 00:18:04,389 S2: you know, we've got ECB raised their interest rates. 347 00:18:04,390 --> 00:18:05,020 S5: 50 basis. 348 00:18:05,020 --> 00:18:07,330 S2: Points a week ago. We just saw what happened with 349 00:18:07,330 --> 00:18:10,240 S2: Credit Suisse and UBS on the heels of, you know, 350 00:18:10,240 --> 00:18:13,270 S2: the SVB and Silvergate thing. And then, you know, without 351 00:18:13,270 --> 00:18:16,300 S2: getting into it and all the, you know, economic hit 352 00:18:16,300 --> 00:18:18,879 S2: that may have happened to signature, the fact that Barney Frank, 353 00:18:18,880 --> 00:18:21,280 S2: who wrote the Dodd-Frank Act, was literally quoted yesterday in 354 00:18:21,280 --> 00:18:24,340 S2: the in Wall Street Journal and every well, saying that 355 00:18:24,340 --> 00:18:26,649 S2: there was no reason to shut signature down except for 356 00:18:26,650 --> 00:18:29,020 S2: the fact that they just don't want crypto banks. Like 357 00:18:29,020 --> 00:18:31,300 S2: when you have that kind of stuff happening, it's analogous 358 00:18:31,300 --> 00:18:33,850 S2: when China just goes and says we're going to ban 359 00:18:33,850 --> 00:18:35,950 S2: Bitcoin or ban this because they don't want capital flight 360 00:18:35,950 --> 00:18:37,840 S2: out of the renminbi. Well, they're China. They could do that. 361 00:18:37,840 --> 00:18:40,630 S2: And we say, Oh, that's a bad way to govern people. 362 00:18:40,630 --> 00:18:42,340 S5: The way we do it is. 363 00:18:42,369 --> 00:18:45,220 S2: Is the same. We just call it democracy and do 364 00:18:45,220 --> 00:18:46,720 S2: it with unelected regulators. 365 00:18:46,720 --> 00:18:49,780 S5: But at the end of the day, like, these forces 366 00:18:49,780 --> 00:18:53,139 S5: are real and what they are is they're reactionary forces 367 00:18:53,140 --> 00:18:56,439 S5: to the fact that we have so much changing so. 368 00:18:56,440 --> 00:18:57,250 S2: Fast. 369 00:18:57,250 --> 00:18:58,780 S5: That the smartest. 370 00:18:58,780 --> 00:19:00,070 S2: People in the world, the most thoughtful. 371 00:19:00,070 --> 00:19:01,600 S5: People in the world, are struggling to. 372 00:19:01,600 --> 00:19:03,609 S2: Connect the dots on exactly what to do. But at 373 00:19:03,609 --> 00:19:04,630 S2: least they're thinking about it. 374 00:19:04,630 --> 00:19:10,240 S5: Those in power realizing that the the power dynamic is is. 375 00:19:10,240 --> 00:19:13,930 S2: Even easier to grab than than ever before because there's 376 00:19:13,930 --> 00:19:14,710 S2: so much chaos. 377 00:19:14,710 --> 00:19:16,270 S5: And so. 378 00:19:16,750 --> 00:19:19,270 S2: And meanwhile, like 99% of the world. 379 00:19:19,270 --> 00:19:19,840 S5: Is just walking. 380 00:19:19,840 --> 00:19:22,690 S2: Around, you know, hoping that their real estate stays where 381 00:19:22,690 --> 00:19:25,419 S2: it is and they can keep buying their $7 Starbucks. 382 00:19:26,170 --> 00:19:28,480 S3: Yeah, dude, I actually did this. I was like, Oh, 383 00:19:28,480 --> 00:19:30,909 S3: my God, everything's collapsing. This is crazy. And then I 384 00:19:30,910 --> 00:19:32,500 S3: went outside and I was like, Wow, it's such a 385 00:19:32,500 --> 00:19:37,270 S3: beautiful day. These trees and and the ocean. None of 386 00:19:37,270 --> 00:19:39,910 S3: this snow that the world's collapsing right now. How about that? 387 00:19:39,910 --> 00:19:41,859 S3: It's so nice. Yeah. Maybe I should go outside more 388 00:19:42,850 --> 00:19:43,449 S3: and think. 389 00:19:43,690 --> 00:19:45,790 S5: Think. I think that's actually a really good. 390 00:19:46,180 --> 00:19:49,000 S2: Totally off point, but very relevant, Travis. 391 00:19:49,000 --> 00:19:49,420 S5: Which is. 392 00:19:49,420 --> 00:19:51,550 S2: That we have to remember that, right? 393 00:19:51,550 --> 00:19:55,510 S5: Like we have to we have to not go down 394 00:19:55,510 --> 00:19:59,260 S5: that fear mongering rabbit hole that is naturally. 395 00:19:59,260 --> 00:20:00,460 S2: Human to do. 396 00:20:00,460 --> 00:20:01,090 S5: When we have. 397 00:20:01,090 --> 00:20:03,910 S2: This much uncertainty. Because at the end of the day, 398 00:20:03,910 --> 00:20:06,010 S2: you know, that's the dark side that you're talking to. 399 00:20:06,010 --> 00:20:08,470 S2: Joel in the intro, right? The Sith Lords, that's what 400 00:20:08,560 --> 00:20:09,010 S2: they want. 401 00:20:09,040 --> 00:20:12,220 S5: They want us to be so afraid of paralyzing. We 402 00:20:12,220 --> 00:20:12,970 S5: just follow. 403 00:20:13,119 --> 00:20:18,100 S4: And that's not I am your father. That's right. 404 00:20:18,790 --> 00:20:22,360 S5: And so I think, you know, sometimes sometimes the healthiest 405 00:20:22,359 --> 00:20:23,320 S5: thing we can do. 406 00:20:23,320 --> 00:20:26,710 S2: Is even if we're super excited about all this innovation 407 00:20:26,710 --> 00:20:28,990 S2: and we're riding, the wave of it is to make 408 00:20:28,990 --> 00:20:31,000 S2: sure we get outside and get into nature, make sure 409 00:20:31,000 --> 00:20:33,369 S2: that we realize that that sun's been coming up a 410 00:20:33,369 --> 00:20:35,230 S2: lot longer than we've been on this rock, certainly a 411 00:20:35,230 --> 00:20:38,290 S2: lot longer than there's been central banks or decentralized currencies. 412 00:20:38,290 --> 00:20:41,710 S2: And at the end of the day, you know, innovation 413 00:20:41,710 --> 00:20:44,350 S2: and art is like water, in my opinion, right? It 414 00:20:44,350 --> 00:20:47,530 S2: always finds its level. You can't invent things. 415 00:20:48,460 --> 00:20:51,580 S5: Like once something is in the market, you can't invent it. 416 00:20:51,580 --> 00:20:54,190 S5: So whether you like it or not, whether it was 417 00:20:54,190 --> 00:20:54,910 S5: good or not, whether. 418 00:20:54,910 --> 00:20:57,909 S2: The unintended consequences were bad or not, you have to 419 00:20:57,910 --> 00:20:59,649 S2: find a way to live with it, because once it's invented, 420 00:20:59,650 --> 00:21:00,160 S2: you cannot. 421 00:21:00,160 --> 00:21:04,630 S5: Invent it. And and so a lot of the solutions 422 00:21:04,630 --> 00:21:06,310 S5: that we need are readily available. 423 00:21:06,520 --> 00:21:10,119 S2: But we have to realize that these forces are causing 424 00:21:10,119 --> 00:21:13,090 S2: people to anchor into their corner. And that's kind of 425 00:21:13,090 --> 00:21:15,340 S2: what's going to happen for the next probably 5 to 10. 426 00:21:15,580 --> 00:21:17,980 S3: So make sense. So that kind of covers force number three. 427 00:21:17,980 --> 00:21:19,900 S3: Then you kind of covered that while we were chatting 428 00:21:19,900 --> 00:21:23,590 S3: with that. It's like exponential technologies disrupt and destroy before 429 00:21:23,590 --> 00:21:26,619 S3: they create. That's kind of force. Three one people listening 430 00:21:26,619 --> 00:21:28,450 S3: back at home to make sure they get that that 431 00:21:28,450 --> 00:21:30,490 S3: bullet point. So that pretty much covers that. Here we are. 432 00:21:30,520 --> 00:21:32,500 S3: I a lot of this stuff's going away. 433 00:21:32,950 --> 00:21:35,590 S1: There's something that dawned on me, two guys that as 434 00:21:35,590 --> 00:21:38,110 S1: we were talking about Force three and I just tweeted it. 435 00:21:38,109 --> 00:21:40,990 S1: You know, for years we've joked about, you know, for 436 00:21:40,990 --> 00:21:43,750 S1: people who are losing their jobs because minimum wage is 437 00:21:43,750 --> 00:21:46,720 S1: pushing up. And and, you know, bots are able to 438 00:21:46,720 --> 00:21:49,450 S1: do the job. We've said learn to code. Well, guess 439 00:21:49,450 --> 00:21:52,090 S1: what Turns out that was bad advice yeah. 440 00:21:52,420 --> 00:21:52,870 S4: Prompt. 441 00:21:52,990 --> 00:21:55,060 S3: Learn that learn to be a prompt engineer. 442 00:21:55,540 --> 00:21:55,899 S4: Learn. 443 00:21:55,900 --> 00:21:56,560 S1: To prompt. 444 00:21:56,590 --> 00:21:57,550 S4: Is better. 445 00:21:57,820 --> 00:22:00,700 S5: And I think you know, and Travis had a tweet 446 00:22:00,700 --> 00:22:03,850 S5: the other day I saw that I thought was really interesting. 447 00:22:03,850 --> 00:22:06,670 S5: It was kind of your typical kind of play on words, 448 00:22:06,670 --> 00:22:08,410 S5: somewhat joke, but serious. 449 00:22:08,530 --> 00:22:11,770 S2: And it had something to do with, you know, in 2021. 450 00:22:11,770 --> 00:22:12,700 S5: And 22. 451 00:22:12,730 --> 00:22:16,930 S2: We're all excited because essentially nfts and blockchain were liberating 452 00:22:16,930 --> 00:22:20,229 S2: creatives and giving them a path to income. And then 453 00:22:20,230 --> 00:22:23,020 S2: in 2023, I basically just took it all away, right? 454 00:22:23,020 --> 00:22:26,590 S2: Like now it's not necessarily 100% true, but I liked 455 00:22:26,590 --> 00:22:28,690 S2: how you tweeted it. I thought it was, you know, 456 00:22:28,690 --> 00:22:29,530 S2: a very. 457 00:22:29,830 --> 00:22:31,120 S5: Astute kind of. 458 00:22:31,119 --> 00:22:35,500 S2: Juxtaposition of these forces in real time. Joe, you said 459 00:22:35,500 --> 00:22:36,550 S2: something to that I. 460 00:22:36,550 --> 00:22:40,540 S5: Think is relevant earlier, which was that you quoted, I 461 00:22:40,540 --> 00:22:42,910 S5: think it was World Economic Forum or someone about 50% 462 00:22:42,910 --> 00:22:46,090 S5: of workers need to be reskilling. The arrogance of us. 463 00:22:46,090 --> 00:22:47,650 S2: Saying things like need. 464 00:22:47,650 --> 00:22:51,160 S5: To be re skilled is is so far from. 465 00:22:51,160 --> 00:22:53,350 S2: Empathetic that that. 466 00:22:53,350 --> 00:22:55,540 S5: Again I just think we have. 467 00:22:55,540 --> 00:22:56,260 S2: To get better. 468 00:22:56,260 --> 00:22:57,190 S5: Right As a society. 469 00:22:57,280 --> 00:23:00,070 S6: You don't need to be re skilled or they need 470 00:23:00,070 --> 00:23:01,660 S6: to take the job booster. 471 00:23:02,050 --> 00:23:02,600 S7: One of the two. 472 00:23:02,619 --> 00:23:07,180 S5: We just we just have to get more empathetic. You know, 473 00:23:07,180 --> 00:23:11,230 S5: nobody needs to do anything right in a free society. 474 00:23:11,230 --> 00:23:14,830 S5: People don't need to do anything if if they need to. 475 00:23:14,830 --> 00:23:16,659 S5: Do you know, there's a saying one of my mentors 476 00:23:16,660 --> 00:23:18,760 S5: had years ago, he said, you have to until you 477 00:23:18,760 --> 00:23:22,580 S5: want to and then you don't have to anymore. Right. 478 00:23:22,580 --> 00:23:24,500 S5: And I and I think there's a lot of real 479 00:23:24,770 --> 00:23:27,650 S5: wisdom in that, which is if you tell somebody they. 480 00:23:27,650 --> 00:23:28,220 S2: Need to do. 481 00:23:28,220 --> 00:23:31,340 S5: Something, you might as well just like they're not going 482 00:23:31,340 --> 00:23:32,060 S5: to do it right. 483 00:23:33,000 --> 00:23:33,500 S2: It doesn't. 484 00:23:33,500 --> 00:23:34,340 S5: Matter if. 485 00:23:34,580 --> 00:23:37,160 S3: We don't have to be having this conversation. We like 486 00:23:37,160 --> 00:23:39,260 S3: to it's interesting to us and we hope that it's 487 00:23:39,260 --> 00:23:41,840 S3: interesting to the people who are tuning in and listening 488 00:23:41,840 --> 00:23:44,449 S3: because we like to share this information with you. You 489 00:23:44,450 --> 00:23:47,119 S3: want to tune in and listen. No, you need to. 490 00:23:47,150 --> 00:23:50,840 S6: You must subscribe now. You must hit the notification bell. 491 00:23:51,560 --> 00:23:52,250 S6: It's must. 492 00:23:52,970 --> 00:23:54,740 S5: Or not. I mean, that's that's. 493 00:23:54,980 --> 00:23:57,650 S2: You know, that's a whole other whole other conversation. But again, 494 00:23:57,650 --> 00:23:59,030 S2: I thought I thought that was a really. 495 00:23:59,210 --> 00:24:02,690 S5: Important thing that you said because we don't need to reskill. 496 00:24:02,690 --> 00:24:02,959 S5: We have. 497 00:24:02,960 --> 00:24:03,649 S2: The opportunity. 498 00:24:03,650 --> 00:24:06,740 S5: To reskill. Those who don't reskill will have. 499 00:24:06,740 --> 00:24:09,200 S2: To somehow be subsidized. 500 00:24:09,680 --> 00:24:11,600 S5: And so the force. 501 00:24:11,600 --> 00:24:16,310 S2: Mechanism is if they don't want to get re skilled, 502 00:24:16,310 --> 00:24:20,150 S2: well then we've got to all deal with it right 503 00:24:20,150 --> 00:24:22,510 S2: as society because that. 504 00:24:22,520 --> 00:24:25,250 S5: Means 50% of the jobs that you know are. 505 00:24:25,280 --> 00:24:27,230 S2: Going to be gone over the next 3 to 5. 506 00:24:27,230 --> 00:24:30,350 S5: Years will be replaced in ten, but there might be a. 507 00:24:30,350 --> 00:24:32,750 S2: Five with jobs we haven't invented yet, by the way, 508 00:24:33,230 --> 00:24:35,360 S2: but there might be a five year gap there where 509 00:24:35,359 --> 00:24:35,780 S2: we don't. 510 00:24:35,780 --> 00:24:37,430 S5: Know even what those things are. 511 00:24:38,119 --> 00:24:40,730 S3: So is that for for like we have to rapidly 512 00:24:40,730 --> 00:24:43,820 S3: learn to teach ourselves and our children to think original thoughts. 513 00:24:44,150 --> 00:24:46,370 S3: That's not necessarily learning new skills. 514 00:24:46,640 --> 00:24:48,050 S2: No, that's. 515 00:24:48,560 --> 00:24:54,020 S5: It's a segue to force four which is. Henry Ford 516 00:24:54,020 --> 00:24:55,820 S5: said it. You know, the thinking is. 517 00:24:55,820 --> 00:24:56,780 S2: The hardest work. 518 00:24:56,780 --> 00:24:58,250 S5: A human being can do. 519 00:24:59,750 --> 00:25:00,890 S2: Which is why so. 520 00:25:00,890 --> 00:25:02,359 S5: Few do it. We've got it. 521 00:25:02,359 --> 00:25:05,359 S2: Even harder than when Henry Ford said that 107 years ago. 522 00:25:05,359 --> 00:25:08,780 S2: Because we think we think. But this is actually doing 523 00:25:08,780 --> 00:25:12,140 S2: the thinking for us through algorithmic behavior modification. 524 00:25:12,140 --> 00:25:15,020 S5: So, you know, we've got a compound. 525 00:25:15,020 --> 00:25:17,750 S2: Effect there, too, which is we think we're smarter than 526 00:25:17,750 --> 00:25:18,770 S2: we are. We think we're. 527 00:25:18,770 --> 00:25:20,540 S5: Thinking we've got. 528 00:25:20,540 --> 00:25:23,869 S2: Still industrial institutions, which, oh, by the way, I and 529 00:25:24,530 --> 00:25:25,010 S2: and all these. 530 00:25:25,010 --> 00:25:27,560 S5: Things are going to force. 531 00:25:27,560 --> 00:25:29,600 S2: Into bankruptcy. I mean, like. 532 00:25:29,630 --> 00:25:33,200 S5: 30, 30 to 40%. I've seen predictions whether they're right 533 00:25:33,200 --> 00:25:35,780 S5: or not. It's not the point of. 534 00:25:36,590 --> 00:25:37,730 S2: Higher education. 535 00:25:37,730 --> 00:25:40,369 S5: Institutions will be insolvent. 536 00:25:40,369 --> 00:25:41,060 S2: In the next five. 537 00:25:41,060 --> 00:25:42,020 S5: Years because they won't. 538 00:25:42,020 --> 00:25:42,650 S2: Have students. 539 00:25:42,650 --> 00:25:45,110 S5: Like why would you go to school if all you're 540 00:25:45,109 --> 00:25:46,320 S5: going to do is teach me to memorize. 541 00:25:46,330 --> 00:25:46,609 S2: Shit. 542 00:25:47,480 --> 00:25:49,970 S5: Right when I can go to charging before, have a 543 00:25:49,970 --> 00:25:50,330 S5: five minute. 544 00:25:50,330 --> 00:25:52,040 S2: Conversation and I can crank out something that. 545 00:25:52,040 --> 00:25:55,640 S5: McKinsey spent hundreds of thousands of dollars on. Right? Like 546 00:25:55,640 --> 00:25:57,770 S5: what I need to be able to do is think 547 00:25:57,770 --> 00:25:59,690 S5: because what human beings can do. 548 00:26:00,200 --> 00:26:01,490 S2: Is they can feel. 549 00:26:01,490 --> 00:26:07,490 S5: They can't write. Human beings can, can emote. I can't. 550 00:26:08,630 --> 00:26:12,650 S3: Human beings can also fart, which is good. It's necessary sometimes. 551 00:26:13,250 --> 00:26:13,630 S4: Guys. 552 00:26:13,790 --> 00:26:15,320 S5: We they can definitely. 553 00:26:16,160 --> 00:26:19,700 S3: Jolt is working on I fart three though so soon 554 00:26:19,970 --> 00:26:20,900 S3: will be able to fart. 555 00:26:21,650 --> 00:26:23,470 S5: 3.5 fart. 556 00:26:23,900 --> 00:26:24,100 S8: Yeah. 557 00:26:24,830 --> 00:26:25,550 S4: Smell can. 558 00:26:25,970 --> 00:26:27,080 S1: Teaching people to. 559 00:26:27,080 --> 00:26:27,830 S4: Think for. 560 00:26:27,830 --> 00:26:31,760 S1: Ourselves. You know in this day and age where it 561 00:26:31,760 --> 00:26:36,679 S1: used to be that the media, at least in Western civilization, 562 00:26:36,680 --> 00:26:41,000 S1: would report on the news and allow people to kind 563 00:26:41,000 --> 00:26:44,629 S1: of frame for themselves what this means. If, you know, 564 00:26:44,630 --> 00:26:47,870 S1: if you're not awake, it you don't realize this. We 565 00:26:47,869 --> 00:26:52,010 S1: are full blown propaganda now from our mainstream media. They 566 00:26:52,010 --> 00:26:55,130 S1: are telling us what to think about what's happening and 567 00:26:55,130 --> 00:26:58,160 S1: framing things in such a way that the news is incomplete. 568 00:26:58,160 --> 00:27:01,640 S1: It's not even up for debate. It's demonstrable, it's provable. 569 00:27:01,640 --> 00:27:04,370 S1: And if you turn on the news and you just 570 00:27:04,369 --> 00:27:07,550 S1: suck up what they're telling you, you are being mind controlled. 571 00:27:07,550 --> 00:27:10,010 S1: And so how do we break free of that? Is 572 00:27:10,010 --> 00:27:13,639 S1: is is Twitter, you know, where Elon Musk says, hey, 573 00:27:13,640 --> 00:27:17,510 S1: you know, free speech is for everyone? Are these alternative platforms? 574 00:27:17,510 --> 00:27:20,450 S1: Do we need new media? How do we fix this 575 00:27:20,450 --> 00:27:25,460 S1: problem to encourage people questioning everything? 576 00:27:26,050 --> 00:27:29,320 S5: Well, and that's exhausting in its own right. Right. I mean, 577 00:27:29,320 --> 00:27:30,070 S5: you know, Edelman's. 578 00:27:30,070 --> 00:27:31,510 S2: Trust barometer, which I. 579 00:27:31,510 --> 00:27:32,560 S5: Subscribed to every single. 580 00:27:32,560 --> 00:27:34,240 S2: Year, I look at it and I find it interesting. 581 00:27:34,240 --> 00:27:36,820 S2: When Travis and I first wrote digital since it said 582 00:27:36,820 --> 00:27:39,609 S2: trust was in bankruptcy back in 2017. 583 00:27:39,640 --> 00:27:43,570 S5: This year, their headline, for all their research said default 584 00:27:44,109 --> 00:27:47,050 S5: distrust is the default. So in 2023. 585 00:27:47,050 --> 00:27:49,629 S2: Coming into it or 2022 report, whatever the most recent. 586 00:27:49,630 --> 00:27:53,260 S5: One was Edelman Trust Barometer said distrust is the default. 587 00:27:53,290 --> 00:27:55,270 S5: I don't think that surprises anybody. 588 00:27:55,270 --> 00:27:58,120 S2: But but again, if we think about, well, wait a minute, 589 00:27:58,119 --> 00:27:58,820 S2: what does that mean? 590 00:27:58,840 --> 00:28:03,609 S5: What that means is we're questioning everything already, right? So. Well, we. 591 00:28:03,609 --> 00:28:07,300 S3: Should wait one second on that. The CIA director, William Casey, 592 00:28:07,300 --> 00:28:09,940 S3: he actually said this back in the early 80s. He says, 593 00:28:09,940 --> 00:28:14,050 S3: we'll know that our disinformation campaign program is complete when 594 00:28:14,050 --> 00:28:19,409 S3: everything the American public believes is false. Yeah, they're creating 595 00:28:19,410 --> 00:28:22,860 S3: and sculpting our narratives for us. They own the media companies. 596 00:28:22,859 --> 00:28:25,260 S3: They tell them what we want to know. Oh, this guy, 597 00:28:25,260 --> 00:28:26,970 S3: this people did this. We're not going to talk any 598 00:28:26,970 --> 00:28:29,040 S3: about that. Like, we're not going to release any of 599 00:28:29,040 --> 00:28:32,190 S3: this information that should be released. Just lying. MAXWELL We're 600 00:28:32,190 --> 00:28:34,739 S3: not going to talk anything about this laptop. We're not 601 00:28:34,740 --> 00:28:37,050 S3: going to do anything about this. Oh, but this over here, 602 00:28:37,050 --> 00:28:39,720 S3: let's all focus on this over here. And so the. 603 00:28:39,720 --> 00:28:40,680 S6: Misdirection and. 604 00:28:40,680 --> 00:28:45,240 S3: Disinformation is just such a complete apparatus at this part 605 00:28:45,240 --> 00:28:47,640 S3: at this point that is just really hard for somebody 606 00:28:47,640 --> 00:28:50,250 S3: who doesn't know how to think to actually be able 607 00:28:50,250 --> 00:28:52,050 S3: to maneuver through the scenario. 608 00:28:52,170 --> 00:28:55,770 S5: Well, and I mean, again, thinking is thinking is a practice. 609 00:28:55,770 --> 00:28:56,070 S5: It's an. 610 00:28:56,070 --> 00:28:57,840 S2: Exercise and it's questioning our. 611 00:28:57,840 --> 00:28:59,340 S5: Own assumptions. It's literally. 612 00:28:59,340 --> 00:29:00,210 S2: Being willing to. 613 00:29:00,210 --> 00:29:01,680 S5: Be wrong right before. 614 00:29:01,680 --> 00:29:03,990 S2: We're worried about whether someone else is wrong. My opinion 615 00:29:03,990 --> 00:29:04,590 S2: is it's. 616 00:29:04,980 --> 00:29:08,250 S5: It's willing to wonder if we're wrong. What if what we. 617 00:29:08,250 --> 00:29:09,930 S2: Think is inaccurate? What if. 618 00:29:09,930 --> 00:29:12,030 S5: We believe something that doesn't. 619 00:29:12,030 --> 00:29:14,310 S3: Analysis on myself? And I've come to the conclusion that 620 00:29:14,310 --> 00:29:17,490 S3: I'm completely correct. Thank you. Next question. 621 00:29:18,870 --> 00:29:19,800 S5: Next question. 622 00:29:19,890 --> 00:29:21,209 S2: You know, but mean again. 623 00:29:21,210 --> 00:29:22,710 S5: Example of it is, is like. 624 00:29:22,710 --> 00:29:24,350 S2: If you were just a question something. 625 00:29:24,390 --> 00:29:25,890 S5: You go, well, what's a what's like a. 626 00:29:25,890 --> 00:29:26,520 S2: Logic pattern. 627 00:29:26,520 --> 00:29:27,030 S5: You might use? 628 00:29:27,030 --> 00:29:30,990 S2: You'd say, okay, so what I heard about about Bitcoin 629 00:29:30,990 --> 00:29:33,810 S2: and crypto is it's highly volatile. That's what I've heard, right? 630 00:29:33,810 --> 00:29:35,670 S2: If I'm, if I'm just tuning in to the mainstream. 631 00:29:35,670 --> 00:29:37,770 S2: So is that true? Is that false? Well, if you 632 00:29:37,770 --> 00:29:39,660 S2: look at the pattern, you could you could say, yeah, 633 00:29:39,660 --> 00:29:42,540 S2: I mean, the data says it goes up by 50% 634 00:29:42,540 --> 00:29:45,090 S2: and it comes down by 30%. You could call that 635 00:29:45,090 --> 00:29:48,750 S2: volatile by any reasonable thing. It was at 69. Now 636 00:29:48,750 --> 00:29:50,730 S2: it's a, you know, 28 or whatever, but it hit 637 00:29:50,730 --> 00:29:53,120 S2: as low as 16. So I had a 67% fall. 638 00:29:53,130 --> 00:29:53,970 S5: But then you hear. 639 00:29:54,180 --> 00:29:55,020 S2: About Tesla stock and. 640 00:29:55,020 --> 00:29:55,770 S5: You hear about Microsoft. 641 00:29:55,770 --> 00:29:58,290 S2: You hear about these things. And and you know, you 642 00:29:58,290 --> 00:30:00,239 S2: look at those math and they're roughly the same. They 643 00:30:00,240 --> 00:30:01,800 S2: had a 67, 70%. 644 00:30:01,800 --> 00:30:03,150 S5: Drop off last year. 645 00:30:03,150 --> 00:30:05,940 S2: Right. Or at the end of this year. And then 646 00:30:05,940 --> 00:30:06,300 S2: you look. 647 00:30:06,300 --> 00:30:07,590 S5: At this week and First Republic. 648 00:30:07,590 --> 00:30:10,080 S2: Bank gets a $30 Billion injection from 11. 649 00:30:10,080 --> 00:30:11,400 S5: Of the biggest banks in the world, including. 650 00:30:11,400 --> 00:30:14,250 S2: Chase. And their stock falls 87% in a matter of days. 651 00:30:14,370 --> 00:30:19,620 S5: What's more volatile than that? Like, again, if it's all volatile. 652 00:30:20,370 --> 00:30:21,600 S5: Then I could think and I could. 653 00:30:21,600 --> 00:30:22,550 S2: Go, okay. 654 00:30:22,560 --> 00:30:25,230 S5: So which one of these things is at the. 655 00:30:25,230 --> 00:30:26,850 S2: End of its 100 year cycle or at. 656 00:30:26,850 --> 00:30:28,680 S5: The beginning of the next hundred years cycle? 657 00:30:30,240 --> 00:30:31,500 S2: Which one of these things might be. 658 00:30:31,500 --> 00:30:36,120 S5: There if bank stocks get hammered in the stock market 659 00:30:36,120 --> 00:30:37,729 S5: for the last three weeks? 660 00:30:37,740 --> 00:30:41,010 S2: Regardless of the reason, forget why. And every time. 661 00:30:41,010 --> 00:30:43,080 S5: The stock market has crashed in the last. 662 00:30:43,080 --> 00:30:45,690 S2: Five years since I was last on the show, Bitcoin. 663 00:30:45,690 --> 00:30:51,300 S5: Crashed with it. But this time this week, everything crashes 664 00:30:51,300 --> 00:30:53,310 S5: and Bitcoin's up 75%. 665 00:30:54,850 --> 00:30:58,420 S1: Yeah, because there's there's not the hedges that there were before. 666 00:30:58,660 --> 00:31:00,190 S5: Maybe. Maybe something's. 667 00:31:00,190 --> 00:31:02,080 S2: Maybe maybe something's happening. 668 00:31:02,080 --> 00:31:04,300 S5: Maybe there's something I should pay more attention to. 669 00:31:04,300 --> 00:31:06,850 S2: Maybe I should finally try and really. 670 00:31:06,850 --> 00:31:10,960 S5: Understand what this thing called Bitcoin does. 671 00:31:11,410 --> 00:31:12,940 S2: That doesn't mean I should buy it doesn't mean I 672 00:31:12,940 --> 00:31:14,800 S2: shouldn't buy it, not make an investment advice. What I'm 673 00:31:14,800 --> 00:31:16,060 S2: saying is maybe it's time to think. 674 00:31:16,060 --> 00:31:18,490 S5: About do I know how it actually works or do 675 00:31:18,490 --> 00:31:21,969 S5: I only know what I've heard? And maybe I should 676 00:31:22,390 --> 00:31:23,200 S5: be interested. 677 00:31:23,530 --> 00:31:26,560 S2: Maybe not. Me too. I don't need to. But maybe 678 00:31:26,560 --> 00:31:28,150 S2: I want to learn a little bit. 679 00:31:28,300 --> 00:31:31,330 S1: Thinking for yourself is never a bad idea. So that's 680 00:31:31,330 --> 00:31:34,570 S1: number four for number five. Kind of goes back to 681 00:31:34,570 --> 00:31:37,630 S1: we we kind of gave a picture of what this 682 00:31:37,630 --> 00:31:40,270 S1: looks like as we talked about Russia and China signing 683 00:31:40,270 --> 00:31:44,770 S1: a deal. Geopolitics is the tinderbox. Right? And, you know, 684 00:31:44,770 --> 00:31:48,010 S1: we've got this war and Ukraine and honestly, I'm not 685 00:31:48,010 --> 00:31:51,190 S1: putting Ukraine flags up on my Twitter profile, not because 686 00:31:51,190 --> 00:31:53,980 S1: I don't support the Ukrainian people, but everything I've read. 687 00:31:53,980 --> 00:31:55,390 S4: Tells me they're all bad. 688 00:31:55,390 --> 00:31:59,080 S1: Russia and Ukraine is just, you know, rife with scandal 689 00:31:59,080 --> 00:32:02,740 S1: and innocent people are being treated like pawns and dying 690 00:32:02,740 --> 00:32:05,770 S1: on both sides. And I don't think we know what's 691 00:32:05,770 --> 00:32:09,040 S1: really going on over there. So, you know, combine the 692 00:32:09,040 --> 00:32:12,520 S1: lack of knowledge with the volatility of what's going on 693 00:32:12,520 --> 00:32:16,120 S1: in these wars and we have one hell of a tinderbox, 694 00:32:16,120 --> 00:32:16,480 S1: don't we? 695 00:32:16,480 --> 00:32:16,650 S4: Yeah. 696 00:32:16,660 --> 00:32:20,320 S3: When I say lack of knowledge and an obsessive amount 697 00:32:20,410 --> 00:32:23,560 S3: of self-righteousness in a lot of cases, right. It's like, 698 00:32:23,560 --> 00:32:25,780 S3: I don't know anything about this, but by God. 699 00:32:25,780 --> 00:32:26,350 S6: I know it. 700 00:32:26,350 --> 00:32:29,230 S3: All right? A lot of there's a lot of that attitude, 701 00:32:29,230 --> 00:32:29,800 S3: it seems. 702 00:32:30,190 --> 00:32:33,310 S5: And again, I think to tie some of this all together. Right. 703 00:32:33,910 --> 00:32:35,050 S2: I think we could. 704 00:32:35,050 --> 00:32:37,300 S5: Say we have a pretty good idea what's. 705 00:32:37,300 --> 00:32:38,290 S2: Going on over there. 706 00:32:38,500 --> 00:32:42,250 S5: What's going on over there is the majority of humanity. 707 00:32:42,250 --> 00:32:47,230 S2: That is involved in either one of those sides is suffering. 708 00:32:47,440 --> 00:32:50,020 S2: If you're a mother of a Russian child right now, 709 00:32:50,020 --> 00:32:51,490 S2: you are suffering because. 710 00:32:51,490 --> 00:32:52,210 S5: Your kids. 711 00:32:52,210 --> 00:32:53,740 S2: Are being shipped off to. 712 00:32:53,740 --> 00:32:54,370 S5: Be basically. 713 00:32:54,370 --> 00:32:56,530 S2: Executed. If you're the if you're a. 714 00:32:56,530 --> 00:32:58,630 S5: Ukrainian family, you are suffering. 715 00:32:58,750 --> 00:33:00,910 S2: And again, back to empathy like. 716 00:33:01,670 --> 00:33:05,270 S5: We have a handful of of we have this notion 717 00:33:05,270 --> 00:33:09,230 S5: that we're protecting our sovereignty or protecting our countries. And, 718 00:33:09,230 --> 00:33:11,720 S5: you know, every country's right from their own perspective. 719 00:33:11,720 --> 00:33:12,650 S2: Right. Putin's right from. 720 00:33:12,650 --> 00:33:14,270 S5: His own perspective and wonder how batshit. 721 00:33:14,270 --> 00:33:15,350 S2: Crazy it may be. 722 00:33:15,650 --> 00:33:17,240 S5: He's right from his own perspective. 723 00:33:17,240 --> 00:33:19,190 S2: And so was Hitler, by the way. Right. From his own. 724 00:33:19,190 --> 00:33:24,820 S5: Perspective. But that doesn't mean that. Again, it doesn't mean 725 00:33:24,820 --> 00:33:27,910 S5: that it's like it's a good perspective. It just means 726 00:33:27,910 --> 00:33:30,850 S5: that you're trying to convince someone of a different perspective 727 00:33:30,850 --> 00:33:33,670 S5: and all they're trying to do is control and hold 728 00:33:33,670 --> 00:33:36,340 S5: on to more of what they have, right? And in 729 00:33:36,340 --> 00:33:38,410 S5: the name of whatever their country or their flag is. 730 00:33:38,410 --> 00:33:41,050 S5: The majority of people there are no different than the 731 00:33:41,050 --> 00:33:43,750 S5: majority of people here. They want things that their government's 732 00:33:43,750 --> 00:33:46,840 S5: not willing to give them. Um, and I'm not saying 733 00:33:46,840 --> 00:33:49,930 S5: that government is evil because government is essentially. 734 00:33:49,930 --> 00:33:53,230 S2: The reflection of, of, of the people and what they've 735 00:33:53,230 --> 00:33:55,120 S2: paid attention to or what they haven't. But when the, 736 00:33:55,150 --> 00:33:55,570 S2: when there's. 737 00:33:55,570 --> 00:33:58,510 S5: Been a monetary controlled interest across governments. 738 00:33:58,510 --> 00:34:00,040 S2: Then you don't typically. 739 00:34:00,040 --> 00:34:01,000 S5: Get representation. 740 00:34:01,000 --> 00:34:03,010 S2: At the levels that you'd like. And these are usually 741 00:34:03,010 --> 00:34:06,700 S2: when revolutions happen, both internal and external. 742 00:34:06,700 --> 00:34:09,219 S5: And right now the sad news. 743 00:34:09,219 --> 00:34:09,820 S2: Is that. 744 00:34:09,820 --> 00:34:12,020 S5: We have never come through, at least in the last 745 00:34:12,020 --> 00:34:15,790 S5: 100 years. We've never come through a crisis period without 746 00:34:15,790 --> 00:34:21,370 S5: going through some form of armed world conflict. And, you. 747 00:34:21,370 --> 00:34:21,910 S2: Know. 748 00:34:22,180 --> 00:34:22,600 S5: 100. 749 00:34:22,600 --> 00:34:23,410 S8: A question to that. 750 00:34:23,410 --> 00:34:27,250 S3: Though, is how much of that armed conflict was part 751 00:34:27,250 --> 00:34:30,310 S3: of the greater plan to get them to move society 752 00:34:30,310 --> 00:34:32,739 S3: to the way that that the elites kind of want? 753 00:34:32,739 --> 00:34:35,109 S3: And that's like a lot of times it's like war 754 00:34:35,110 --> 00:34:38,230 S3: is very profitable for the few that it's profitable for. 755 00:34:38,920 --> 00:34:42,580 S5: Well, I mean, and again, the incentives, the incentives. 756 00:34:42,580 --> 00:34:44,860 S2: And all that stuff, that's a whole other conversation. But 757 00:34:44,860 --> 00:34:48,100 S2: the incentives matter and everything, right? The incentives around media 758 00:34:48,100 --> 00:34:52,540 S2: are about clicks and views and and salacious stuff and 759 00:34:52,540 --> 00:34:54,760 S2: polarizing stuff is the only thing that gets that anymore. 760 00:34:54,760 --> 00:34:55,150 S5: So that's why. 761 00:34:55,150 --> 00:34:58,989 S2: We have propaganda at nauseam versus news, right? Because facts 762 00:34:58,989 --> 00:35:01,090 S2: don't sell. Right. 763 00:35:01,090 --> 00:35:04,810 S5: And so, you know, the these things happen. 764 00:35:04,810 --> 00:35:07,120 S2: And how do you how do you fund deficits and 765 00:35:07,120 --> 00:35:09,730 S2: how do you do that? Well, you you create either 766 00:35:09,730 --> 00:35:12,400 S2: war or you focus on environmental stuff because it's the 767 00:35:12,400 --> 00:35:15,730 S2: only thing that has an unlimited spend. Right? Like when 768 00:35:15,730 --> 00:35:18,370 S2: we had a hole in the ozone layer 30 years ago, 769 00:35:18,370 --> 00:35:20,320 S2: we couldn't really quantify how much it was going to 770 00:35:20,320 --> 00:35:22,569 S2: cost to fix. So it's the perfect thing to invest 771 00:35:22,570 --> 00:35:24,879 S2: in because you know that rocket. 772 00:35:24,880 --> 00:35:26,770 S5: Oh, you know, or war is the same way, right? Oh, 773 00:35:26,770 --> 00:35:29,660 S5: that missile that missile is going to cost that $150 774 00:35:29,660 --> 00:35:30,460 S5: Million apiece. Right. 775 00:35:30,460 --> 00:35:32,529 S2: Like it's all made up out of thin air. 776 00:35:32,530 --> 00:35:34,630 S5: To fill whatever gap in the balance sheet needs to 777 00:35:34,630 --> 00:35:37,990 S5: be filled. And that's the scary thing, is that this time, though, 778 00:35:37,989 --> 00:35:42,399 S5: we do have some real political and ideological. 779 00:35:42,790 --> 00:35:44,350 S2: Things happening. 780 00:35:44,350 --> 00:35:45,160 S5: That. 781 00:35:45,370 --> 00:35:46,150 S2: Will. 782 00:35:46,150 --> 00:35:46,509 S5: Be very. 783 00:35:46,510 --> 00:35:49,510 S2: Interesting to see how they play out. And, you know, 784 00:35:49,510 --> 00:35:54,129 S2: I hope that if we truly believe in the best 785 00:35:54,130 --> 00:35:56,440 S2: of humanity and. 786 00:35:56,440 --> 00:36:00,670 S5: What this country stood for from its foundation, that will 787 00:36:00,670 --> 00:36:02,799 S5: we'll find a way to compromise or we'll find a 788 00:36:02,800 --> 00:36:04,690 S5: way to find a way forward that. 789 00:36:04,690 --> 00:36:10,690 S2: Doesn't include us. You know, doing the bad stuff because. 790 00:36:10,710 --> 00:36:12,100 S5: But, you know, we may not have a choice. 791 00:36:12,120 --> 00:36:15,750 S2: We may be forced into the bad stuff. And, you know, 792 00:36:15,750 --> 00:36:17,790 S2: we're dealing with unstable people. 793 00:36:17,790 --> 00:36:18,360 S5: On on. 794 00:36:18,360 --> 00:36:19,560 S2: All sides, it seems like. 795 00:36:19,560 --> 00:36:20,610 S5: So including. 796 00:36:20,610 --> 00:36:21,390 S4: Here on. 797 00:36:21,390 --> 00:36:23,790 S1: The show. There's seriously unstable. 798 00:36:23,790 --> 00:36:26,609 S4: People. Yeah, right. Yeah. Yeah. So. So these are all 799 00:36:26,610 --> 00:36:27,750 S4: really good points. 800 00:36:27,830 --> 00:36:32,370 S1: Let's bring it together with a positive conclusion. You know, 801 00:36:32,489 --> 00:36:36,060 S1: the question is, so how then shall we live? What 802 00:36:36,060 --> 00:36:38,069 S1: do we do about this person? 803 00:36:38,070 --> 00:36:38,730 S4: Yeah, I think. 804 00:36:38,730 --> 00:36:41,010 S5: I think, you know, because we're all we're all people 805 00:36:41,010 --> 00:36:42,570 S5: that kind of try and focus. 806 00:36:42,570 --> 00:36:43,890 S2: On the positive. First thing I. 807 00:36:43,890 --> 00:36:46,290 S5: Would say is, you know, in the universe, there's there's 808 00:36:46,290 --> 00:36:47,009 S5: several laws. 809 00:36:47,010 --> 00:36:49,509 S2: That you can't violate. Gravity's the one everybody's familiar with. Right. 810 00:36:49,530 --> 00:36:51,330 S2: Doesn't matter if you're a good person, bad person, if 811 00:36:51,330 --> 00:36:55,230 S2: you're freaking, you know, Joseph Stalin or if you're freaking 812 00:36:55,230 --> 00:36:57,960 S2: Mother Teresa, you walk off a building, you're hitting the ground. Right. 813 00:36:57,960 --> 00:37:00,570 S2: That's a universal law. Speed limits you can violate. If 814 00:37:00,570 --> 00:37:03,510 S2: you don't get caught, you can get away universal laws, 815 00:37:03,510 --> 00:37:05,549 S2: you violate them, you pay the price. Doesn't matter who 816 00:37:05,580 --> 00:37:07,830 S2: you are. And one of those laws is the law 817 00:37:07,830 --> 00:37:09,840 S2: of polarity. Right. And that says that you can't have 818 00:37:09,840 --> 00:37:12,359 S2: left without. Right. You can't have up without down there. 819 00:37:12,360 --> 00:37:13,529 S2: There's a fundamental. 820 00:37:13,530 --> 00:37:14,250 S5: Two sides to. 821 00:37:14,250 --> 00:37:16,469 S2: Everything. So everything we just spent the last five minutes 822 00:37:16,469 --> 00:37:19,170 S2: talking about is all the really scary bad shit that's 823 00:37:19,170 --> 00:37:21,090 S2: going on in the world with people. 824 00:37:21,090 --> 00:37:22,800 S5: That are maybe overly powered. 825 00:37:22,890 --> 00:37:26,640 S2: And maybe overly narcissistic and all the crazy things that 826 00:37:26,640 --> 00:37:30,600 S2: are they're running 8 billion people's lives. And on the 827 00:37:30,600 --> 00:37:33,930 S2: other side of that coin is that I just spent 828 00:37:34,230 --> 00:37:36,630 S2: two weeks in Europe and I was running around and 829 00:37:36,630 --> 00:37:38,190 S2: we were just talking about people. 830 00:37:38,190 --> 00:37:38,910 S5: Suffering. 831 00:37:38,910 --> 00:37:41,640 S2: And we're talking about people living lives and walking outside 832 00:37:41,640 --> 00:37:43,860 S2: and smiling. And I saw a lot of that. And 833 00:37:43,860 --> 00:37:47,010 S2: I think, you know, these technologies that allow us to 834 00:37:47,010 --> 00:37:50,640 S2: have sovereignty over our money, like a Bitcoin or maybe 835 00:37:50,640 --> 00:37:53,460 S2: over our identity down the road with decentralized ID or 836 00:37:53,460 --> 00:37:55,980 S2: maybe over our assets and our and staying with the 837 00:37:55,980 --> 00:37:59,160 S2: revenue streams of our art like Nfts. Over time, these 838 00:37:59,160 --> 00:38:05,820 S2: things create fundamental possibilities. These these AI technologies now democratize 839 00:38:05,820 --> 00:38:09,930 S2: access to create world class stuff. Yes, it replaces the 840 00:38:09,930 --> 00:38:12,150 S2: jobs at Disney and studios and things like that, but 841 00:38:12,150 --> 00:38:14,729 S2: it also gives somebody in the middle of nowhere the 842 00:38:14,730 --> 00:38:16,590 S2: ability to create a badass. 843 00:38:16,590 --> 00:38:21,390 S5: Piece of anime or culture from a mobile phone. So 844 00:38:21,390 --> 00:38:24,600 S5: I think what what we have is we have probably 845 00:38:24,600 --> 00:38:25,770 S5: the most important. 846 00:38:26,850 --> 00:38:31,770 S2: Decade of humanity's 10,000 some odd years. I think this month, 847 00:38:31,890 --> 00:38:34,710 S2: March of 23, will go down as a really pivotal 848 00:38:34,710 --> 00:38:38,010 S2: month and kind of what happens over the next decade 849 00:38:38,400 --> 00:38:40,950 S2: or kind of the catalyst and like a turning point. 850 00:38:41,100 --> 00:38:44,310 S2: Hopefully that turning pointing good. But I think anyone listening 851 00:38:44,310 --> 00:38:44,850 S2: to this this. 852 00:38:44,850 --> 00:38:46,500 S5: Long is trying. 853 00:38:46,500 --> 00:38:47,819 S2: To figure out how to be part of the positive 854 00:38:47,820 --> 00:38:49,440 S2: side of that equation. And the way to do that. 855 00:38:49,440 --> 00:38:50,670 S5: Is, again. 856 00:38:50,760 --> 00:38:54,720 S2: Want to create a better life for yourself and want 857 00:38:54,719 --> 00:38:57,150 S2: to learn about these tools, not because you need to, 858 00:38:57,150 --> 00:39:00,000 S2: but because they can unlock possibilities for you in a 859 00:39:00,000 --> 00:39:01,980 S2: world where possibilities that you thought were going to be 860 00:39:01,980 --> 00:39:03,209 S2: there maybe evaporating. 861 00:39:05,030 --> 00:39:07,609 S3: The wild time. Thank you so much for coming on 862 00:39:07,610 --> 00:39:09,860 S3: the show, Mr. Chris. If you want to hear actually 863 00:39:09,860 --> 00:39:11,750 S3: hear more of Mr. Chris, you can tune in to 864 00:39:11,750 --> 00:39:15,739 S3: our podcast. Mr. Chris Snook and I do the Web 865 00:39:15,739 --> 00:39:18,920 S3: three show excuse me. We do the Web three show 866 00:39:18,920 --> 00:39:21,980 S3: and sometimes we're live at the New York Stock Exchange. 867 00:39:21,980 --> 00:39:24,950 S3: Sometimes we're not. But we're having some great conversations, having fun. 868 00:39:24,950 --> 00:39:27,380 S3: So make sure to check out our YouTube on that. 869 00:39:27,380 --> 00:39:29,090 S3: And what else, Mr. Yocum? 870 00:39:29,239 --> 00:39:32,660 S1: Well, we appreciate you guys. And if you wouldn't mind 871 00:39:32,660 --> 00:39:35,780 S1: giving us a review, we would really appreciate that, especially 872 00:39:35,780 --> 00:39:38,240 S1: if it's five stars. If it's funny, we'll consider it 873 00:39:38,239 --> 00:39:41,239 S1: a six star review. Just go to iTunes or wherever 874 00:39:41,239 --> 00:39:45,050 S1: you listen that accepts reviews from listeners and go ahead 875 00:39:45,050 --> 00:39:47,120 S1: and put that in there. Make sure you subscribe. Ring 876 00:39:47,120 --> 00:39:49,009 S1: the bell, tell a friend and we're going to do 877 00:39:49,010 --> 00:39:51,050 S1: something really unusual in this episode. We're going to let 878 00:39:51,050 --> 00:39:53,690 S1: our guest take us home. Mr. Snook, what have you 879 00:39:53,690 --> 00:39:54,470 S1: got to say? 880 00:39:55,190 --> 00:39:57,200 S5: Well, first of all, I want to just acknowledge both 881 00:39:57,200 --> 00:39:59,720 S5: of you guys for a tremendous. 882 00:40:00,110 --> 00:40:03,859 S2: Effort these last six years with bad crypto podcast, bad Media, 883 00:40:03,860 --> 00:40:07,190 S2: now bad. I you have been consistent. You have been studying. 884 00:40:07,190 --> 00:40:08,060 S2: For those of you who have. 885 00:40:08,060 --> 00:40:08,840 S5: Listened for. 886 00:40:08,840 --> 00:40:10,880 S2: Any length at that time, I think you'll be the 887 00:40:10,880 --> 00:40:12,799 S2: first one to agree with me that your life is 888 00:40:12,800 --> 00:40:15,140 S2: better because of it. So to close us out, if 889 00:40:15,140 --> 00:40:16,010 S2: you want your life to be. 890 00:40:16,010 --> 00:40:17,719 S5: Better, like subscribe share. 891 00:40:17,719 --> 00:40:19,939 S2: This podcast, Bad Crypto Podcast bad. 892 00:40:19,940 --> 00:40:23,000 S5: I share these guys with who you know. 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