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 --> 00:00:54,040
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 don't have the full education.

16
00:00:56,200 --> 00:01:01,320
Speaker 2: People got liquidated out of their positions. So I think

17
00:01:01,360 --> 00:01:06,840
Speaker 2: that was the start of it. The pandemic definitely probably

18
00:01:06,880 --> 00:01:09,520
Speaker 2: accelerated it with the amount of money that was printed.

19
00:01:12,360 --> 00:01:17,200
Speaker 2: But the middle class I think has been at least shrinking.

20
00:01:17,319 --> 00:01:21,640
Speaker 2: It has been shrinking, yeah, for the last twenty years

21
00:01:21,760 --> 00:01:26,280
Speaker 2: or so. And then you add inflation. That's the killer

22
00:01:26,280 --> 00:01:28,120
Speaker 2: because even when Epstein, that's what he said. That was

23
00:01:28,160 --> 00:01:32,360
Speaker 2: one of the things that he said. It was like paraphrasing,

24
00:01:34,760 --> 00:01:40,120
Speaker 2: he said that we we make money from trading stocks

25
00:01:40,120 --> 00:01:44,520
Speaker 2: and investing. It's not we're not doing real work. The

26
00:01:44,560 --> 00:01:47,240
Speaker 2: other people they got they gotta do real manual labor

27
00:01:47,319 --> 00:01:50,720
Speaker 2: for work. That's not that's not what we do. We don't.

28
00:01:50,800 --> 00:01:54,280
Speaker 2: We don't. We're not doing real which is ironic because

29
00:01:54,320 --> 00:01:56,080
Speaker 2: a lot of people were like, your content creators, you

30
00:01:56,080 --> 00:01:59,880
Speaker 2: guys aren't really contributing. He and he set several times

31
00:01:59,880 --> 00:02:02,400
Speaker 2: he was like Wall Street, what are they what are

32
00:02:02,400 --> 00:02:04,880
Speaker 2: they really doing? What are they doing? They're not doing anything.

33
00:02:06,280 --> 00:02:11,040
Speaker 2: They're making billions of dollars just by trading on aarbertrage concepts.

34
00:02:11,440 --> 00:02:13,480
Speaker 1: Yeah, price disparities.

35
00:02:14,280 --> 00:02:17,920
Speaker 2: They're not doing anything to contribute. They're not doing anything physically,

36
00:02:18,320 --> 00:02:21,080
Speaker 2: and they're not doing anything to really contribute to society.

37
00:02:21,480 --> 00:02:22,400
Speaker 2: They're not doing anything.

38
00:02:23,560 --> 00:02:27,400
Speaker 1: Especially when they deregulated derivatives and posts two before two

39
00:02:27,440 --> 00:02:29,919
Speaker 1: thousand and eight, it was a free for all.

40
00:02:30,520 --> 00:02:32,240
Speaker 2: But that's the world that we live in. That's the

41
00:02:32,600 --> 00:02:34,480
Speaker 2: I mean, you know, that's the that's the game that's

42
00:02:34,520 --> 00:02:38,200
Speaker 2: being played at the highest level. But the middle class

43
00:02:38,240 --> 00:02:40,200
Speaker 2: is not doing that. Put it like that, the middle

44
00:02:40,200 --> 00:02:43,600
Speaker 2: class is not taking part in that. In that situation

45
00:02:43,760 --> 00:02:47,920
Speaker 2: for the most part, they're still working for money. And

46
00:02:47,919 --> 00:02:51,600
Speaker 2: it's just getting to the point now between the creative economy,

47
00:02:51,919 --> 00:02:56,840
Speaker 2: Wall Street and AI. That's what Robin Vlaf said to us.

48
00:02:56,840 --> 00:02:58,880
Speaker 2: He's like, he's gonna get to a point the idea

49
00:02:58,919 --> 00:03:02,160
Speaker 2: of work is not even gonna it's going to it's

50
00:03:02,200 --> 00:03:05,239
Speaker 2: not even going to look the same in twenty years,

51
00:03:05,280 --> 00:03:11,680
Speaker 2: Like how we even conceive work. People that's actually still

52
00:03:11,720 --> 00:03:13,160
Speaker 2: trying to I mean, I guess you still got the

53
00:03:13,200 --> 00:03:16,000
Speaker 2: trade electricians and stuff like that, but the people that's

54
00:03:16,000 --> 00:03:18,880
Speaker 2: still trying to hold on to that we need more, No,

55
00:03:18,960 --> 00:03:22,080
Speaker 2: we really don't really don't need more. Really, I just to.

56
00:03:22,240 --> 00:03:24,400
Speaker 1: You, for every job loss, you only need ten in

57
00:03:24,560 --> 00:03:29,080
Speaker 1: video GPUs to replace the efficiency of an office worker.

58
00:03:29,400 --> 00:03:32,160
Speaker 1: That's scary as hell. And we were just at a video.

59
00:03:32,880 --> 00:03:35,120
Speaker 1: Trust me, for those who said, oh no, they can't

60
00:03:35,240 --> 00:03:40,120
Speaker 1: replace it. Some of the work that we saw in

61
00:03:40,200 --> 00:03:42,080
Speaker 1: those side conference rooms.

62
00:03:42,440 --> 00:03:46,480
Speaker 3: Yeah, but they got a garage for each unit, so

63
00:03:46,640 --> 00:03:49,400
Speaker 3: we saw all the time in this garage. But there's

64
00:03:49,400 --> 00:03:53,800
Speaker 3: a healthcare tector like yeah, happening like what are you

65
00:03:53,880 --> 00:03:54,160
Speaker 3: like in.

66
00:03:54,080 --> 00:03:58,040
Speaker 1: Another housing, it was hundreds of robots in the warehouse

67
00:03:58,040 --> 00:04:01,600
Speaker 1: that they're simulating. And this crazy part, even if we

68
00:04:01,680 --> 00:04:07,560
Speaker 1: make it to outer space or above Earth, they've calibrated

69
00:04:07,680 --> 00:04:11,280
Speaker 1: the AI to know the differences in gravity for the

70
00:04:11,400 --> 00:04:18,279
Speaker 1: robots to deliver goods and outer space. Yeah, that's scary.

71
00:04:18,360 --> 00:04:22,240
Speaker 1: Like they know the weight of Mars and Jupiter Earth too,

72
00:04:22,920 --> 00:04:25,320
Speaker 1: and it only takes a day or two for the

73
00:04:25,440 --> 00:04:30,200
Speaker 1: entire robot force to recalibrate to deliver supplies on other planets.

74
00:04:30,560 --> 00:04:35,000
Speaker 3: Yeah, the GPU that goes inside that that robot, Yeah,

75
00:04:35,000 --> 00:04:37,279
Speaker 3: it takes a day. If they know the level of

76
00:04:37,279 --> 00:04:40,000
Speaker 3: gravity on a specific place, they can train it to

77
00:04:40,400 --> 00:04:43,080
Speaker 3: balance itself inside that gravity. Right, So the first time

78
00:04:43,120 --> 00:04:45,000
Speaker 3: you train it, it falls to the ground. Then you train

79
00:04:45,080 --> 00:04:47,479
Speaker 3: it to Earth's gravity, it begins to learn how to

80
00:04:47,520 --> 00:04:51,800
Speaker 3: walk on Earth's But it's in the stuff you see,

81
00:04:51,800 --> 00:04:54,760
Speaker 3: it's just like, oh, it's not it's a different level,

82
00:04:55,080 --> 00:04:55,599
Speaker 3: different level.

83
00:04:57,960 --> 00:05:00,800
Speaker 1: And then of course Tesla, I mean you line announced

84
00:05:00,800 --> 00:05:03,279
Speaker 1: that SpaceX is merging with x AI.

85
00:05:03,839 --> 00:05:04,000
Speaker 2: Yo.

86
00:05:04,080 --> 00:05:06,039
Speaker 3: Yeah, talk about time.

87
00:05:08,120 --> 00:05:11,720
Speaker 2: Oh yeah, it's not the time to play follow the

88
00:05:11,839 --> 00:05:16,080
Speaker 2: money mm hmmm, follow the money. We do need more plumbers.

89
00:05:16,120 --> 00:05:18,120
Speaker 2: But everybody that's telling you we need more plumbers, they're

90
00:05:18,160 --> 00:05:21,440
Speaker 2: not a plumber. You ever think about that? That's a

91
00:05:21,520 --> 00:05:24,360
Speaker 2: good point. Gary V shot him. I mean he's a

92
00:05:24,400 --> 00:05:26,839
Speaker 2: genius obviously, but he's like, Yo, we need electricians. Gary

93
00:05:26,880 --> 00:05:27,800
Speaker 2: V is not electrician.

94
00:05:28,240 --> 00:05:29,040
Speaker 1: Mm hmmm.

95
00:05:31,000 --> 00:05:31,400
Speaker 4: Mm hmm.

96
00:05:31,800 --> 00:05:35,240
Speaker 3: Go get it over there. I'm gonna get it over there.

97
00:05:35,279 --> 00:05:39,039
Speaker 2: I hate, I hate to be a bad guy, but

98
00:05:39,120 --> 00:05:41,480
Speaker 2: let's just be honest. Everybody that told you you need

99
00:05:41,480 --> 00:05:42,880
Speaker 2: more plumbers, they're not plumbers.

100
00:05:43,360 --> 00:05:45,600
Speaker 1: Yeah, show me how you're making thirty shot to him

101
00:05:45,640 --> 00:05:47,680
Speaker 1: and Mike Boy all y'all love y'all. So if they

102
00:05:47,720 --> 00:05:49,760
Speaker 1: clicked this out, we love you, But show us how

103
00:05:49,800 --> 00:05:53,200
Speaker 1: to get thirty million off of the agency side. I'm

104
00:05:53,200 --> 00:05:55,520
Speaker 1: gonna go get it over there to hang draw all

105
00:05:55,839 --> 00:05:59,000
Speaker 1: good on. There's a bunch of people in tech and

106
00:05:59,160 --> 00:06:02,320
Speaker 1: VC saying that it's like bro y'all making seven and

107
00:06:02,440 --> 00:06:06,120
Speaker 1: eight million dollars off two three deals, so what and

108
00:06:06,160 --> 00:06:08,200
Speaker 1: it's good money and plumbing. But show them how to

109
00:06:08,200 --> 00:06:09,640
Speaker 1: make ten or fifteen million a year.

110
00:06:10,839 --> 00:06:13,760
Speaker 3: Yeah, that's good money there. That's good money there, ye for.

111
00:06:13,720 --> 00:06:17,560
Speaker 2: Sure, if you own a plumbing company. Yeah, let's be honest.

112
00:06:17,720 --> 00:06:22,440
Speaker 2: But what I'm saying, they tell you one thing, and

113
00:06:22,760 --> 00:06:26,800
Speaker 2: then they're not telling their children that they're not. They're

114
00:06:26,839 --> 00:06:29,160
Speaker 2: not sending their children to private school to become plumbers.

115
00:06:29,200 --> 00:06:33,160
Speaker 3: No, no, they want them to. Like I said, sometimes

116
00:06:33,160 --> 00:06:36,640
Speaker 3: in life, people earn money from the neck down and

117
00:06:36,720 --> 00:06:38,360
Speaker 3: some people earn money from the neck up.

118
00:06:38,760 --> 00:06:42,880
Speaker 2: Yo. Hey yo, I said. Earning money from the neck

119
00:06:42,960 --> 00:06:44,440
Speaker 2: up is wild.

120
00:06:44,520 --> 00:06:54,320
Speaker 4: Crazy, and that's going down people, I said, some people people. Hey, y'all, yo, people,

121
00:06:54,360 --> 00:06:55,160
Speaker 4: I don't maybe.

122
00:06:54,920 --> 00:06:58,360
Speaker 1: You know, I don't. I don't with them rates down, though,

123
00:06:59,560 --> 00:07:05,440
Speaker 1: appreciate getting that's it allegedly alleg maybe not