1 00:00:00,440 --> 00:00:02,880 Speaker 1: Do you think Duvall posted this and I want to 2 00:00:02,920 --> 00:00:04,400 Speaker 1: ask you, do you think they killed off the middle 3 00:00:04,400 --> 00:00:08,080 Speaker 1: class in twenty twenty? Was the printing of that money 4 00:00:09,080 --> 00:00:12,280 Speaker 1: and COVID that way to destroy and widen that gap, 5 00:00:12,440 --> 00:00:14,560 Speaker 1: to erase the middle class? 6 00:00:15,720 --> 00:00:18,200 Speaker 2: Yeah, I mean the middle class I think has been 7 00:00:18,239 --> 00:00:22,680 Speaker 2: destroyed maybe before twenty twenty, but yeah, definitely not accelerated it. 8 00:00:23,400 --> 00:00:30,600 Speaker 2: I think that was definitely an acceleration of that. Even 9 00:00:30,640 --> 00:00:34,440 Speaker 2: going back to two thousand and eight financial crisis, and 10 00:00:34,479 --> 00:00:36,400 Speaker 2: we could talk about that on Blackout, but as far 11 00:00:36,479 --> 00:00:40,040 Speaker 2: as you know, how many people lost their homes in 12 00:00:40,080 --> 00:00:44,639 Speaker 2: that and that's when housing really became a forefront issue 13 00:00:45,360 --> 00:00:50,560 Speaker 2: and made a permanent class of renters. Collapsed people's for 14 00:00:50,760 --> 00:00:54,000 Speaker 2: one cage, people panicked and sold they have market Monday, 15 00:00:54,080 --> 00:00:55,560 Speaker 2: So a lot of people that have the full education 16 00:00:56,200 --> 00:01:00,400 Speaker 2: people got liquidated out of their positions. 17 00:01:00,840 --> 00:01:04,480 Speaker 3: So I think that was the start of it. 18 00:01:04,520 --> 00:01:08,480 Speaker 2: The pandemic definitely probably accelerated it with the amount of 19 00:01:08,520 --> 00:01:14,520 Speaker 2: money that was printed. But the middle class I think 20 00:01:14,640 --> 00:01:19,280 Speaker 2: has been at least shrinking. It has been shrinking, yeah, 21 00:01:19,360 --> 00:01:22,600 Speaker 2: for the last twenty years or so. And then you 22 00:01:22,600 --> 00:01:27,400 Speaker 2: add inflation. That's the killer because even when Epstein. That's 23 00:01:27,400 --> 00:01:28,720 Speaker 2: what he said. That was one of the things that 24 00:01:28,720 --> 00:01:29,040 Speaker 2: he said. 25 00:01:29,040 --> 00:01:29,520 Speaker 3: It was like. 26 00:01:31,680 --> 00:01:39,640 Speaker 2: Paraphrasing, he said that we we make money from trading 27 00:01:39,680 --> 00:01:43,480 Speaker 2: stocks and investing. It's not we're not doing real work. 28 00:01:44,440 --> 00:01:46,880 Speaker 2: The other people they got they gotta do real manual 29 00:01:46,959 --> 00:01:50,280 Speaker 2: labor for work. That's not that's not what we do. 30 00:01:50,360 --> 00:01:51,160 Speaker 3: We don't. We don't. 31 00:01:52,120 --> 00:01:54,440 Speaker 2: We're not doing real which is ironic because a lot 32 00:01:54,480 --> 00:01:56,600 Speaker 2: of people were like, your content creators, you guys aren't 33 00:01:56,600 --> 00:02:00,200 Speaker 2: really contributing. He and he set several times he was 34 00:02:00,200 --> 00:02:03,000 Speaker 2: like Wall Street, what are they what are they really doing? 35 00:02:03,040 --> 00:02:04,880 Speaker 3: What are they doing? They're not doing anything. 36 00:02:06,280 --> 00:02:11,040 Speaker 2: They're making billions of dollars just by trading on aarbertrage concepts. 37 00:02:11,440 --> 00:02:15,960 Speaker 3: Yeah, price disparities. They're not doing anything to contribute. 38 00:02:15,960 --> 00:02:19,320 Speaker 2: They're not doing anything physically, and they're not doing anything 39 00:02:19,360 --> 00:02:21,080 Speaker 2: to really contribute to society. 40 00:02:21,480 --> 00:02:22,400 Speaker 3: They're not doing anything. 41 00:02:23,560 --> 00:02:27,400 Speaker 1: Especially when they deregulated derivatives and posts two before two 42 00:02:27,440 --> 00:02:29,919 Speaker 1: thousand and eight, it was a free for all. 43 00:02:30,520 --> 00:02:32,240 Speaker 2: But that's the world that we live in. That's the 44 00:02:32,600 --> 00:02:34,480 Speaker 2: I mean, you know, that's the that's the game that's 45 00:02:34,520 --> 00:02:38,200 Speaker 2: being played at the highest level. But the middle class 46 00:02:38,240 --> 00:02:40,200 Speaker 2: is not doing that. Put it like that, the middle 47 00:02:40,200 --> 00:02:43,600 Speaker 2: class is not taking part in that. In that situation 48 00:02:43,760 --> 00:02:47,920 Speaker 2: for the most part, they're still working for money. And 49 00:02:47,919 --> 00:02:51,600 Speaker 2: it's just getting to the point now between the creative economy, 50 00:02:51,919 --> 00:02:56,840 Speaker 2: Wall Street and AI. That's what Robin Vlaf said to us. 51 00:02:56,840 --> 00:02:58,880 Speaker 2: He's like, he's gonna get to a point the idea 52 00:02:58,919 --> 00:03:02,160 Speaker 2: of work is not even gonna it's going to it's 53 00:03:02,200 --> 00:03:05,239 Speaker 2: not even going to look the same in twenty years, 54 00:03:05,280 --> 00:03:11,680 Speaker 2: Like how we even conceive work. People that's actually still 55 00:03:11,720 --> 00:03:13,160 Speaker 2: trying to I mean, I guess you still got the 56 00:03:13,200 --> 00:03:16,000 Speaker 2: trade electricians and stuff like that, but the people that's 57 00:03:16,000 --> 00:03:18,880 Speaker 2: still trying to hold on to that we need more, No, 58 00:03:18,960 --> 00:03:20,960 Speaker 2: we really don't really don't need more. 59 00:03:21,400 --> 00:03:22,080 Speaker 3: Really, I just to. 60 00:03:22,240 --> 00:03:24,400 Speaker 1: You, for every job loss, you only need ten in 61 00:03:24,560 --> 00:03:29,080 Speaker 1: video GPUs to replace the efficiency of an office worker. 62 00:03:29,400 --> 00:03:32,160 Speaker 1: That's scary as hell. And we were just at a video. 63 00:03:32,880 --> 00:03:35,120 Speaker 1: Trust me, for those who said, oh no, they can't 64 00:03:35,240 --> 00:03:40,120 Speaker 1: replace it. Some of the work that we saw in 65 00:03:40,200 --> 00:03:42,080 Speaker 1: those side conference rooms. 66 00:03:42,440 --> 00:03:46,480 Speaker 4: Yeah, but they got a garage for each unit, so 67 00:03:46,640 --> 00:03:49,400 Speaker 4: we saw all the time in this garage. But there's 68 00:03:49,400 --> 00:03:51,520 Speaker 4: a healthcare tector. 69 00:03:51,960 --> 00:03:54,960 Speaker 1: Like yeah, happening, Like what are you like in another housing, 70 00:03:55,480 --> 00:03:58,920 Speaker 1: it was hundreds of robots in the warehouse that they're simulating. 71 00:03:59,600 --> 00:04:02,080 Speaker 1: And this crazy part, even if we make it to 72 00:04:02,480 --> 00:04:08,560 Speaker 1: outer space or above Earth, they've calibrated the AI to 73 00:04:08,720 --> 00:04:12,480 Speaker 1: know the differences in gravity for the robots to deliver 74 00:04:12,760 --> 00:04:18,839 Speaker 1: goods and outer space. Yeah, that's scary. Like they know 75 00:04:18,920 --> 00:04:23,159 Speaker 1: the weight of Mars and Jupiter Earth too, and it 76 00:04:23,200 --> 00:04:26,040 Speaker 1: only takes a day or two for the entire robot 77 00:04:26,080 --> 00:04:30,200 Speaker 1: force to recalibrate to deliver supplies on other planets. 78 00:04:30,560 --> 00:04:35,000 Speaker 4: Yeah, the GPU that goes inside that that robot, Yeah, 79 00:04:35,000 --> 00:04:37,279 Speaker 4: it takes a day. If they know the level of 80 00:04:37,279 --> 00:04:40,000 Speaker 4: gravity on a specific place, they can train it to 81 00:04:40,400 --> 00:04:43,080 Speaker 4: balance itself inside that gravity. Right, So the first time 82 00:04:43,120 --> 00:04:45,000 Speaker 4: you train it, it falls to the ground. Then you train 83 00:04:45,080 --> 00:04:47,479 Speaker 4: it to Earth's gravity, it begins to learn how to 84 00:04:47,520 --> 00:04:51,800 Speaker 4: walk on Earth's But it's in the stuff you see, 85 00:04:51,800 --> 00:04:54,760 Speaker 4: it's just like, oh, it's not it's a different level, 86 00:04:55,080 --> 00:04:55,599 Speaker 4: different level. 87 00:04:57,960 --> 00:05:00,800 Speaker 1: And then of course Tesla, I mean you line announced 88 00:05:00,800 --> 00:05:04,000 Speaker 1: that SpaceX is merging with x AI Yo. 89 00:05:04,080 --> 00:05:10,440 Speaker 5: Yeah, talk about time. Oh yeah, it's not the time 90 00:05:10,520 --> 00:05:14,960 Speaker 5: to play follow the money. Mm hmmm, follow the money. 91 00:05:15,000 --> 00:05:17,200 Speaker 2: We do need more plumbers but everybody that's telling you 92 00:05:17,200 --> 00:05:19,240 Speaker 2: we need more plumbers, they're not a plumber. You ever 93 00:05:19,320 --> 00:05:23,920 Speaker 2: think about that? That's a good point. Gary V shot him. 94 00:05:23,960 --> 00:05:25,760 Speaker 2: I mean he's a genius obviously, but he's like, Yo, 95 00:05:25,800 --> 00:05:27,800 Speaker 2: we need electricians. Gary V is not electrician. 96 00:05:28,240 --> 00:05:28,960 Speaker 3: Mm hmmm. 97 00:05:31,000 --> 00:05:31,400 Speaker 1: Mm hmm. 98 00:05:31,800 --> 00:05:32,799 Speaker 4: Go get it over there. 99 00:05:34,279 --> 00:05:35,200 Speaker 3: I'm gonna get it over there. 100 00:05:35,279 --> 00:05:39,039 Speaker 2: I hate, I hate to be a bad guy, but 101 00:05:39,120 --> 00:05:41,480 Speaker 2: let's just be honest. Everybody that told you you need 102 00:05:41,480 --> 00:05:42,880 Speaker 2: more plumbers, they're not plumbers. 103 00:05:43,360 --> 00:05:45,600 Speaker 1: Yeah, show me how you're making thirty shot to him 104 00:05:45,640 --> 00:05:47,680 Speaker 1: and Mike Boy all y'all, love y'all. So if they 105 00:05:47,720 --> 00:05:49,760 Speaker 1: clicked this out, we love you, But show us how 106 00:05:49,800 --> 00:05:52,960 Speaker 1: to get thirty million off of the agency side. 107 00:05:53,040 --> 00:05:55,240 Speaker 3: I'm gonna go get it over there to hang draw 108 00:05:55,360 --> 00:05:56,120 Speaker 3: all good on. 109 00:05:57,520 --> 00:05:59,800 Speaker 1: There's a bunch of people in tech and VC saying 110 00:05:59,800 --> 00:06:02,880 Speaker 1: that it's like bro y'all making seven and eight million 111 00:06:02,920 --> 00:06:06,480 Speaker 1: dollars off two three deals, so what and it's good 112 00:06:06,520 --> 00:06:08,560 Speaker 1: money in plumbing, But show them how to make ten 113 00:06:08,600 --> 00:06:09,640 Speaker 1: or fifteen million a year. 114 00:06:10,839 --> 00:06:13,520 Speaker 3: Yeah, that's good money there. That's good money there. Yeah 115 00:06:13,600 --> 00:06:17,000 Speaker 3: for sure if you own a plumbing company. Yeah, let's 116 00:06:17,040 --> 00:06:17,560 Speaker 3: be honest. 117 00:06:17,720 --> 00:06:22,440 Speaker 2: But what I'm saying, they tell you one thing, and 118 00:06:22,760 --> 00:06:26,520 Speaker 2: then they're not telling their children that they're not. 119 00:06:26,600 --> 00:06:30,120 Speaker 3: They're not sending their children to private school to become plumbers. No, no, 120 00:06:30,800 --> 00:06:31,440 Speaker 3: they want them to. 121 00:06:32,200 --> 00:06:35,600 Speaker 4: Like I said, sometimes in life, people earn money from 122 00:06:35,680 --> 00:06:37,960 Speaker 4: the neck down and some people earn money. 123 00:06:37,720 --> 00:06:39,400 Speaker 3: From the neck up. Yo. 124 00:06:39,800 --> 00:06:43,159 Speaker 2: Hey yo, I said. Earning money from the neck up 125 00:06:43,320 --> 00:06:44,440 Speaker 2: is wild. 126 00:06:44,520 --> 00:06:54,320 Speaker 6: Crazy and that's going down people, I said, some people people. Hey, y'all, yo, people, 127 00:06:54,360 --> 00:06:55,160 Speaker 6: I don't maybe. 128 00:06:54,920 --> 00:06:55,880 Speaker 3: You know, I don't. 129 00:06:56,040 --> 00:07:00,640 Speaker 1: I don't with them rates down, though, appreciate getting that's it. 130 00:07:03,120 --> 00:07:05,440 Speaker 3: Allegedly alleg maybe not