1 00:00:01,280 --> 00:00:03,520 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:03,920 --> 00:00:06,680 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:06,880 --> 00:00:10,719 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,800 --> 00:00:14,040 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,440 --> 00:00:18,079 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,560 --> 00:00:21,360 Speaker 1: It might seem boring to save, plan and make calculated 7 00:00:21,400 --> 00:00:24,479 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,520 --> 00:00:27,840 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:27,960 --> 00:00:32,800 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,840 --> 00:00:35,479 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,520 --> 00:00:38,199 Speaker 1: the P and C Financial Service Group, Inc. P and 12 00:00:38,280 --> 00:00:45,360 Speaker 1: C Bank National Association Member FDIC. Then the cost of 13 00:00:45,360 --> 00:00:49,000 Speaker 1: houses it did rise for a little bit. 14 00:00:49,760 --> 00:00:51,440 Speaker 2: But the thing about Trump too is that he's kind 15 00:00:51,440 --> 00:00:53,120 Speaker 2: of like Kanye came. Remember I said that Elon Musk 16 00:00:53,159 --> 00:00:55,440 Speaker 2: is like Kanye. Trump is actually a lot he has 17 00:00:55,440 --> 00:00:57,560 Speaker 2: a lot of similarities to Kanye. Also, because remember they 18 00:00:57,560 --> 00:01:00,800 Speaker 2: were saying, like when Kanye Kan, he doesn't really read 19 00:01:00,880 --> 00:01:03,480 Speaker 2: a lot. He receives his information from people around him. 20 00:01:03,840 --> 00:01:07,360 Speaker 2: That's why he can't really explain things. And Trump is 21 00:01:07,400 --> 00:01:09,480 Speaker 2: the same way, like even if you're watching him yesterday, 22 00:01:09,480 --> 00:01:11,320 Speaker 2: like he doubled down, you would think by now, the 23 00:01:11,360 --> 00:01:13,559 Speaker 2: first time he got asked the question, he had time 24 00:01:13,600 --> 00:01:16,240 Speaker 2: to research who the bid NaNs find out founder was. 25 00:01:16,760 --> 00:01:17,480 Speaker 2: He just doubled that. 26 00:01:17,600 --> 00:01:20,240 Speaker 3: He said, I don't know. Say I'm gonna tell you 27 00:01:20,319 --> 00:01:21,520 Speaker 3: something I don't know. 28 00:01:21,920 --> 00:01:26,160 Speaker 2: But so this goes back to Venezuela, Nigeria, a variety 29 00:01:26,200 --> 00:01:29,199 Speaker 2: of different things. You could tell that people are telling 30 00:01:29,280 --> 00:01:33,000 Speaker 2: him things talking They're telling him high level talking points 31 00:01:34,280 --> 00:01:39,080 Speaker 2: that he can remember that it's easy to repeat. But 32 00:01:39,160 --> 00:01:42,200 Speaker 2: if you ask him like detailed questions, he hasn't. He 33 00:01:42,280 --> 00:01:46,039 Speaker 2: has no idea how to actually respond on it. So 34 00:01:46,040 --> 00:01:47,960 Speaker 2: he's but he's good at spinning it as far as 35 00:01:48,000 --> 00:01:53,800 Speaker 2: like brushing it off, deflecting, insulting people. But he's he's 36 00:01:54,120 --> 00:01:57,120 Speaker 2: he's getting fed a lot of information and very short 37 00:01:57,480 --> 00:02:00,720 Speaker 2: sound bites that he has actually no idea what he's 38 00:02:00,720 --> 00:02:01,200 Speaker 2: talking about. 39 00:02:01,240 --> 00:02:03,760 Speaker 3: How much do you believe? Like do you? I believe 40 00:02:03,800 --> 00:02:04,200 Speaker 3: him a lot? 41 00:02:04,800 --> 00:02:07,280 Speaker 1: Because when I when I heard the response, I thought 42 00:02:07,320 --> 00:02:08,880 Speaker 1: he was I didn't think he was going to double down. 43 00:02:08,919 --> 00:02:10,760 Speaker 1: He actually tripled down and said, I'm gonna break some 44 00:02:10,800 --> 00:02:12,680 Speaker 1: news here. I don't know who he is. But then 45 00:02:12,680 --> 00:02:15,239 Speaker 1: the very next line, I believe was when they asked 46 00:02:15,240 --> 00:02:17,760 Speaker 1: about bitcoin and he said he's not familiar with it, 47 00:02:18,400 --> 00:02:21,239 Speaker 1: and then they brought up the fact of his I mean, 48 00:02:21,480 --> 00:02:24,359 Speaker 1: his family's firm has made billions in bitcoin. 49 00:02:24,760 --> 00:02:26,440 Speaker 3: It was kind of like, I believe him a lot. 50 00:02:26,480 --> 00:02:27,200 Speaker 3: He's eighty years old. 51 00:02:27,280 --> 00:02:27,560 Speaker 2: I don't. 52 00:02:27,560 --> 00:02:28,880 Speaker 3: I don't. I don't know how much of that is 53 00:02:28,960 --> 00:02:29,760 Speaker 3: you feel, like, what's true. 54 00:02:29,800 --> 00:02:31,400 Speaker 2: I think it's a high level as far as like 55 00:02:31,680 --> 00:02:36,680 Speaker 2: do I think he understands what nodes are and the 56 00:02:36,720 --> 00:02:38,119 Speaker 2: inner workings of the blockchain. 57 00:02:38,160 --> 00:02:39,360 Speaker 3: No, I don't think that. 58 00:02:39,400 --> 00:02:41,440 Speaker 2: I don't think so at all. I think he knows 59 00:02:41,560 --> 00:02:44,400 Speaker 2: enough to have people in position because he's I mean, 60 00:02:44,400 --> 00:02:47,119 Speaker 2: the guy's busy, right, he's running the country, he's doing 61 00:02:47,200 --> 00:02:52,080 Speaker 2: real estate, he's running. So it is understandable not to 62 00:02:52,160 --> 00:02:55,120 Speaker 2: be extremely knowledgeable in a variety of different things. And 63 00:02:55,120 --> 00:02:57,920 Speaker 2: I don't think he's. I don't think he's knowledgeable on 64 00:02:58,040 --> 00:03:00,360 Speaker 2: a lot of stuff, because you could just some stuff 65 00:03:00,360 --> 00:03:03,160 Speaker 2: you could just tell. You could just tell that he's 66 00:03:03,160 --> 00:03:05,080 Speaker 2: not knowledgeable. But he, like I said, he does a 67 00:03:05,120 --> 00:03:09,040 Speaker 2: good job at spinning things off. And even when he 68 00:03:09,160 --> 00:03:12,960 Speaker 2: was like, they came at me, they said that I 69 00:03:13,080 --> 00:03:15,919 Speaker 2: was in. The reporter actually did a terrible job at 70 00:03:16,000 --> 00:03:17,959 Speaker 2: countering that, because even if you have a low level 71 00:03:17,960 --> 00:03:21,280 Speaker 2: of education, you know you he was convicted of thirty 72 00:03:21,280 --> 00:03:23,360 Speaker 2: six felonies. He did get found guilty, and you're literally 73 00:03:23,400 --> 00:03:25,280 Speaker 2: on federal wire tap trying to rig an election. 74 00:03:25,680 --> 00:03:26,880 Speaker 3: But the way that he was just. 75 00:03:26,840 --> 00:03:29,920 Speaker 2: Able to spin it like they tried to frame me 76 00:03:29,960 --> 00:03:32,239 Speaker 2: and I was completely innocent and I got off. I'm like, you, 77 00:03:32,520 --> 00:03:33,880 Speaker 2: how did you get off? And you got convicted of 78 00:03:33,919 --> 00:03:34,760 Speaker 2: thirty six felonies? 79 00:03:35,080 --> 00:03:37,480 Speaker 1: Thirty I think it's thirty four, but I don't know 80 00:03:37,520 --> 00:03:39,120 Speaker 1: how it was edited. But I agree with you that. 81 00:03:39,200 --> 00:03:42,000 Speaker 1: I'm like, wait, no, there's a difference here. You work convicted. 82 00:03:42,360 --> 00:03:45,680 Speaker 1: I think that, and it might be a strategic way 83 00:03:45,880 --> 00:03:49,080 Speaker 1: for his own protection. Exactly when I heard him say that, 84 00:03:49,120 --> 00:03:51,600 Speaker 1: I'm like, oh, he's the first thing I thought if 85 00:03:51,600 --> 00:03:53,800 Speaker 1: I did not that I know anything about this, Like, look, 86 00:03:53,840 --> 00:03:56,400 Speaker 1: I'm on record, I don't know. I We're making eight billion, 87 00:03:56,440 --> 00:03:58,360 Speaker 1: but I'm not really sure what's happening over there. I 88 00:03:58,400 --> 00:04:01,280 Speaker 1: mean right, it's like almost like, oh, that was he 89 00:04:01,440 --> 00:04:02,840 Speaker 1: just protected himself by saying that. 90 00:04:02,880 --> 00:04:04,600 Speaker 2: I don't even think he's worrying about protecting him. So 91 00:04:04,880 --> 00:04:06,240 Speaker 2: he's the same guy that said I can go to 92 00:04:06,280 --> 00:04:08,320 Speaker 2: tom Squad and shoot somebody in the face and get away. 93 00:04:08,360 --> 00:04:12,200 Speaker 2: That was last administration. Last I mean everything that he's done, 94 00:04:12,520 --> 00:04:16,040 Speaker 2: everything that he's done so far, I'm pretty sure he 95 00:04:16,120 --> 00:04:20,040 Speaker 2: has very little care about protecting himself because. 96 00:04:20,040 --> 00:04:23,200 Speaker 3: Well, he's no protection around him. There's no consequences. 97 00:04:23,240 --> 00:04:26,920 Speaker 2: There's not who's gonna who's gonna hold who's gonna tell 98 00:04:27,000 --> 00:04:29,000 Speaker 2: him you're in trouble. 99 00:04:30,080 --> 00:04:32,360 Speaker 3: No better they put them in. It's impossible for now. 100 00:04:32,720 --> 00:04:34,960 Speaker 1: No, I'm saying for now, right, but his kids will 101 00:04:35,000 --> 00:04:38,719 Speaker 1: outlive him, right, and so like, could there be charges 102 00:04:38,720 --> 00:04:40,880 Speaker 1: that are brought allegedly I'm not saying that they're doing 103 00:04:40,920 --> 00:04:44,360 Speaker 1: anything fraudulent, but could they be charges in six years 104 00:04:44,440 --> 00:04:45,080 Speaker 1: or eight years? 105 00:04:45,200 --> 00:04:46,479 Speaker 3: Right if if. 106 00:04:46,320 --> 00:04:48,960 Speaker 1: They find something that I think that was like one 107 00:04:48,960 --> 00:04:50,640 Speaker 1: of those protective man That's just how I perceived it. 108 00:04:51,040 --> 00:04:52,719 Speaker 4: And all I know is whatever you did was CZ 109 00:04:52,760 --> 00:04:54,840 Speaker 4: you better not do with SBF. It's not gonna go 110 00:04:54,880 --> 00:04:58,960 Speaker 4: the same way. He's up on that on that council 111 00:04:59,040 --> 00:05:05,360 Speaker 4: part yet thirty years mm hmmm. It would look crazy, 112 00:05:06,520 --> 00:05:09,839 Speaker 4: But what do I know? What do I know? 113 00:05:08,880 --> 00:05:13,279 Speaker 1: I think it's interesting right, Like the guy who creates 114 00:05:13,360 --> 00:05:17,400 Speaker 1: us uh A cryptos are says he knows nothing about bigcoin. 115 00:05:17,520 --> 00:05:20,520 Speaker 2: But that's David, Like, that's what I'm saying. But the 116 00:05:20,560 --> 00:05:23,320 Speaker 2: position was him saying he knows nothing about bitcoin might 117 00:05:23,400 --> 00:05:24,039 Speaker 2: not be a lie. 118 00:05:24,680 --> 00:05:25,520 Speaker 3: It might not be a. 119 00:05:25,480 --> 00:05:31,040 Speaker 2: Lie, but because relatively speaking, you could, I mean, no, no, 120 00:05:31,160 --> 00:05:33,360 Speaker 2: nothing is a is a is a vague term, right. 121 00:05:33,640 --> 00:05:36,200 Speaker 2: I think he knows enough to know what bigcoin is. 122 00:05:36,600 --> 00:05:38,839 Speaker 2: But if he had, like there was a big cooin quiz, 123 00:05:39,839 --> 00:05:41,520 Speaker 2: I think he would fail. But I think most people 124 00:05:41,560 --> 00:05:44,119 Speaker 2: invested in bitcoin would fail a biitcoin quiz. Most people 125 00:05:44,160 --> 00:05:46,600 Speaker 2: don't really know what bigcoin. That's the scary part about 126 00:05:46,600 --> 00:05:53,440 Speaker 2: it because we don't even know the founder. Like there's 127 00:05:53,160 --> 00:05:58,320 Speaker 2: there's so much stuff about this, Like if you had 128 00:05:58,360 --> 00:06:01,800 Speaker 2: like a pop quiz on, most people that's investing in 129 00:06:01,839 --> 00:06:03,400 Speaker 2: bitcoin will fail a bitcoin quiz. 130 00:06:03,760 --> 00:06:06,360 Speaker 3: I'm not even disagreeing with that. I'm just saying, too. 131 00:06:08,279 --> 00:06:11,960 Speaker 1: Did There's there's something about being I don't want to 132 00:06:12,000 --> 00:06:14,520 Speaker 1: call it dumb, so smart that you're done right, You're 133 00:06:14,560 --> 00:06:17,240 Speaker 1: you're investing in the asset like you're currently. 134 00:06:17,000 --> 00:06:19,520 Speaker 4: I'm gonna say the real answer to the quiz is 135 00:06:19,560 --> 00:06:23,240 Speaker 4: to deploy capital right like you're all that ship and 136 00:06:23,279 --> 00:06:26,080 Speaker 4: no your benefiting from it. And it's like knowing the 137 00:06:26,080 --> 00:06:28,440 Speaker 4: most and deploying the least does not make you a winner. 138 00:06:29,960 --> 00:06:34,279 Speaker 2: Canbody Somebody says right now, look, we got you know, 139 00:06:36,520 --> 00:06:40,800 Speaker 2: silver mine in Mexico and it's and it's guaranteed to 140 00:06:40,880 --> 00:06:44,560 Speaker 2: go up eighty seven percent every single year a presentation. 141 00:06:45,480 --> 00:06:48,680 Speaker 2: You got a billion dollars. Just I know for a 142 00:06:48,720 --> 00:06:50,719 Speaker 2: fact because I used to be a financial advisor, so 143 00:06:50,760 --> 00:06:53,640 Speaker 2: I understand that most wealthy people are not fully educated 144 00:06:53,640 --> 00:06:55,599 Speaker 2: on money at all. That's why they trust their advisors. 145 00:06:55,600 --> 00:06:58,520 Speaker 2: That's why they have a financial advisor. That's why somebody 146 00:06:58,560 --> 00:07:01,800 Speaker 2: like Bernie madeoff to run the biggest Ponzi scheme in 147 00:07:01,800 --> 00:07:05,520 Speaker 2: the history of the world. He's not just stupid people. 148 00:07:05,600 --> 00:07:08,520 Speaker 2: These are educated people. The owners of sports teams, these billionaires. 149 00:07:09,000 --> 00:07:12,800 Speaker 2: They didn't ask enough questions because they're trusting this person. 150 00:07:13,520 --> 00:07:15,240 Speaker 2: It's like, look, I gotta run a sports team, I 151 00:07:15,240 --> 00:07:18,120 Speaker 2: gotta do this, I gotta have a legal firm. You 152 00:07:18,160 --> 00:07:20,760 Speaker 2: can't be an expert in everything simultaneously. 153 00:07:20,880 --> 00:07:21,320 Speaker 3: It's tough. 154 00:07:21,800 --> 00:07:25,000 Speaker 2: That's why you have trusted advisors around you, and you're 155 00:07:25,000 --> 00:07:28,240 Speaker 2: trusting the advice The problem is that the people that 156 00:07:28,280 --> 00:07:32,760 Speaker 2: he has around him are giving him advice based off 157 00:07:32,760 --> 00:07:34,840 Speaker 2: of their own personal interest. 158 00:07:35,200 --> 00:07:37,080 Speaker 3: That's part of it. I agree with you, that's part 159 00:07:37,120 --> 00:07:37,280 Speaker 3: of it. 160 00:07:37,320 --> 00:07:42,360 Speaker 1: But there's also the part where you're actually creating positions, 161 00:07:43,160 --> 00:07:48,760 Speaker 1: changing policy, changing legislation to make sure that this asset thrives. 162 00:07:48,880 --> 00:07:49,480 Speaker 3: It's the money. 163 00:07:50,040 --> 00:07:53,640 Speaker 2: If they come and say, look, we got all everybody here, we're. 164 00:07:53,440 --> 00:07:54,400 Speaker 3: All gonna make a billion. 165 00:07:55,520 --> 00:07:58,400 Speaker 2: We all gonna make a billion dollars, including yourself, you 166 00:07:58,440 --> 00:07:59,880 Speaker 2: give us the money. This is how it's gonna work. 167 00:08:00,760 --> 00:08:03,240 Speaker 2: All we need you deliver it. All we need you 168 00:08:03,320 --> 00:08:05,080 Speaker 2: to do is push it through. I'm not going to 169 00:08:05,120 --> 00:08:10,640 Speaker 2: ask a million and one questions you would. I'm just 170 00:08:10,680 --> 00:08:13,800 Speaker 2: saying as an average person, right, the average person is 171 00:08:13,840 --> 00:08:17,400 Speaker 2: just like, all right, these are my friends. They're all rich, 172 00:08:17,920 --> 00:08:20,800 Speaker 2: we have a trust, we've made money together before. I 173 00:08:20,920 --> 00:08:25,559 Speaker 2: understand enough to understand the play. All right, I'm pushing 174 00:08:25,560 --> 00:08:25,920 Speaker 2: it through. 175 00:08:26,720 --> 00:08:27,600 Speaker 3: But there's an understanding that. 176 00:08:27,680 --> 00:08:30,000 Speaker 2: But that's like, but I mean, George Bush went to 177 00:08:30,120 --> 00:08:31,880 Speaker 2: war and didn't even understand what he was doing. 178 00:08:33,400 --> 00:08:33,760 Speaker 3: Made him. 179 00:08:33,800 --> 00:08:35,880 Speaker 2: They made him go to war off of misinformation. He 180 00:08:35,920 --> 00:08:39,400 Speaker 2: didn't Literally the longest war in the United States history 181 00:08:39,679 --> 00:08:43,520 Speaker 2: and they had they had a five star general get 182 00:08:43,520 --> 00:08:46,959 Speaker 2: in front of the United Nations and completely lie. 183 00:08:48,280 --> 00:08:50,960 Speaker 3: So to me, but I think, how far I deep 184 00:08:51,000 --> 00:08:52,560 Speaker 3: the rabbit hole? Do you want to go? I said, no, 185 00:08:52,720 --> 00:08:53,160 Speaker 3: I agree. 186 00:08:53,160 --> 00:08:55,280 Speaker 1: I'm saying that is true, which is why I think 187 00:08:55,360 --> 00:08:57,920 Speaker 1: it's like I'm gonna say I know nothing to protect 188 00:08:57,920 --> 00:08:58,800 Speaker 1: myself even though. 189 00:08:58,679 --> 00:09:02,160 Speaker 3: I haven't understand it. I think that's true if it 190 00:09:02,200 --> 00:09:04,480 Speaker 3: goes right or wrong. Yeah, I don't know nothing. I'm 191 00:09:04,520 --> 00:09:09,280 Speaker 3: not saying. But with CZ, I think he's and who knows? 192 00:09:09,559 --> 00:09:12,920 Speaker 4: Uh, Jake, Jake, go pull up cz paperwork and see 193 00:09:12,920 --> 00:09:16,679 Speaker 4: what because even with we, I mean maybe that's another stop. 194 00:09:16,800 --> 00:09:20,800 Speaker 1: But like that, I had Binance before there was a 195 00:09:20,920 --> 00:09:24,199 Speaker 1: US Binance and I'm like, Yo, what huh? 196 00:09:24,240 --> 00:09:30,320 Speaker 3: They that another time? Yeah? Another time? Earners, what's up? 197 00:09:30,400 --> 00:09:32,920 Speaker 1: You ever walk into a small business and everything just 198 00:09:33,040 --> 00:09:36,199 Speaker 1: works like the checkout is fast, the re seats are digital, 199 00:09:36,760 --> 00:09:40,000 Speaker 1: tipping is a breeze, and you're out the door before. 200 00:09:39,720 --> 00:09:43,880 Speaker 5: The line even builds. Odds are they're using Square? 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