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Speaker 1: Wake that ass up in the morning.

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Speaker 2: The Breakfast Club Morning.

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Speaker 3: Everybody is the j Envy, Jess Hilarious, Charlamagne the God.

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Speaker 3: We are the Breakfast Club. We got a special guest

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Speaker 3: in the building. Yes, indeed we have John Hopebrian. Welcome back, brother,

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Speaker 3: be here.

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Speaker 2: How you feeling bless if John O'Brien is it? I

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Speaker 2: mean that there's some good things.

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Speaker 4: Going on in the world.

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Speaker 2: First of all, you came gifts or bad. But at

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Speaker 2: least the things that are bad you can explain, especially

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Speaker 2: when it comes to some financial stuff.

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Speaker 1: Rainbows only follow storms. You cannot have a rainbow without

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Speaker 1: a storm. First scientific fact.

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Speaker 3: Actually, let's let's jump right into that. I was actually

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Speaker 3: thinking about you the other day. Shout out any socks

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Speaker 3: for us to socks.

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Speaker 1: Yeah, you brought some gifts, so Walmart made these for us.

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Speaker 1: This is Green Socks Day. You can go online and

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Speaker 1: get them. They're April thirtieth. We've got the NBA, NFL,

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Speaker 1: thank you, Roger Goodell, and NASCAR, hockey, Major League Baseball,

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Speaker 1: major League soccer. I think that's all of them. We

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Speaker 1: have all of them. It's never happened before. All the

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Speaker 1: sports leagues are behind green socks. Day. So I'm asking

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Speaker 1: everybody to put a sock on and talk about financial literacy.

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Speaker 1: On April thirtieth, do something on financial literacy. Tag Green

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Speaker 1: Socks Day on your social media, Highlight a post, and

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Speaker 1: Nasdaq is going to feature the best posts on this

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Speaker 1: big board here in New York on April thirtieth. In

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Speaker 1: the ten top posts, We're going to fly him to

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Speaker 1: New York City. Let them ring the bell. The New

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Speaker 1: York stock has changed. So this is the way. You know,

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Speaker 1: people are arguing over black and white, red and blue.

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Speaker 1: Can we just agree on some green.

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Speaker 2: That's why the socks are green.

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Speaker 1: That's why, Yes, we want the whole country to come

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Speaker 1: together on April thirtieth, and this is Financial Literacy Month.

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Speaker 1: By the way I.

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Speaker 3: Was saying, I was thinking about just speaking of the country.

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Speaker 3: With all the tariffs that that Trump is putting on

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Speaker 3: the country, right, and you know people are looking to

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Speaker 3: purchase their force homes all, what what would.

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Speaker 4: You advise people to do?

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Speaker 3: Right, Because they're saying with the tariffs, they're saying the

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Speaker 3: price of materials are going to go up in price.

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Speaker 3: They're saying the price of cars and the parts are

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Speaker 3: gonna be shooting up what would you advise people to

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Speaker 3: do if they're looking for home ownership at this this

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Speaker 3: this point in their life, This is.

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Speaker 1: Gonna seem schizophrenic in my advice. I'm telling you in advance,

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Speaker 1: ignore the noise. First of all, this is just noise,

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Speaker 1: Just like DEI was a distraction, Like why are we

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Speaker 1: are getting overdi? Were fifth on the list? Why are

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Speaker 1: we the poster child for TI? Right? But they wanted

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Speaker 1: us to be the poster child Somebody did. Somebody wanted

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Speaker 1: black people to be because that triggers ratio overtones and

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Speaker 1: all that other kind of stuff. That wasn't even our fight.

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Speaker 1: This is not our fight. This is somebody else's problem

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Speaker 1: at the moment. This is like hitting if you want

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Speaker 1: to get in a fight. It's like hitting your face

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Speaker 1: on my fist if you want to fight. That's what

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Speaker 1: this is. This country is seventy percent consumer spending. Sorry,

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Speaker 1: the biggest acoutonomy on the planet America. We're twenty five

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Speaker 1: percent of the global economy. We're forty percent of global

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Speaker 1: wealth in the world. We're big ballists. Out of eight

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Speaker 1: billion people, it's only three to fifty million people, but

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Speaker 1: we lead the whole world. But seventy percent of economy.

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Speaker 1: It's not rich people, it's not big business. It's you

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Speaker 1: and me paying for car notes and mortgages and going

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Speaker 1: to get some coffee which didn't work outside. You know,

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Speaker 1: it's little stuff. It was a car service that brought

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Speaker 1: me here. It's a breakfast that we had this morning.

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Speaker 1: So this economy can't succeed without us succeeding, first of all.

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Speaker 1: So this party ultimately will pivot back to what's going

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Speaker 1: to drive the economy. Because this is a capitalist democracy,

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Speaker 1: big C, little D it's a free enterprise democracy. So

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Speaker 1: I tell people ignore the noise this stuff. If it's

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Speaker 1: not working, Washington's gonna have to pivot. There's a strategy

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Speaker 1: in Washington. I was at the Secretary of the Treasury

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Speaker 1: a couple days ago, who I actually like. I think

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Speaker 1: he's actually a decent guy.

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Speaker 2: Please break that down because I need to know what

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Speaker 2: the strategy. I don't understand it.

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Speaker 1: Well, no, no, I didn't say understood it. You're gone

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Speaker 1: too far. I said, Well, then, first of all, I said,

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Speaker 1: I like him, and he and I got to work

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Speaker 1: together on financial literacy. We don't you know, we're not

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Speaker 1: gonna agree on everything. I was with him for an hour.

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Speaker 1: I didn't break I didn't address this issue because his

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Speaker 1: boss has already made up his mind, and I know

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Speaker 1: I didn't want to put him in an uncomfortable situation

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Speaker 1: and ask him questions that he can't answer. Uh, this

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Speaker 1: has to play itself out. I mean, the country is

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Speaker 1: having one big colonic right dawn. So it's gonna take

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Speaker 1: as long as it will take. I don't think it's

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Speaker 1: gonna take very long. You're not talked about this, and

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Speaker 1: either he's writer or he's not. The only way terroifts work,

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Speaker 1: and I could break down what a tariff is, by

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Speaker 1: the way, most peoplen't understand it. The only way a

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Speaker 1: tariff works is if it's short term and it's tied

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Speaker 1: to you negotiating something from whoever you're trying to extract

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Speaker 1: something from another country. If it's your long term strategy

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Speaker 1: in a country that is consumer spending, it's a disaster

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Speaker 1: because it's a tax on you and me. I'm getting

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Speaker 1: ahead of myself.

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Speaker 2: Let me move the tariff.

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Speaker 4: For first of all, you ask you this question of yours,

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Speaker 4: you do the tariffs. So because that goes into this is.

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Speaker 1: Really important for your audience. I mean, because people run

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Speaker 1: through these titles. And I did. I did a podcast

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Speaker 1: on money and wealth last week. You went to the

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Speaker 1: roof just explaining like normal terms that people recession and

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Speaker 1: tariff and inflation. Nobody people assumeing people know this stuff.

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Speaker 1: Who's teaching anybody financial literacy? You're not dumb and you're

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Speaker 1: not stupid. Is what you don't know that you don't

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Speaker 1: know is killing you. But you think you know. A

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Speaker 1: tariff And as simple as I can describe, it is

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Speaker 1: a tax on American businesses and American consumers. So this

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Speaker 1: concept of I'm gonna you hit me. You're a China,

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Speaker 1: you're by the way, Russia didn't get a terror interesting, Uh,

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Speaker 1: your Russia, you're wherever India you hit me, I'm gonna

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Speaker 1: hit you back. No, A tariff might because the cost

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Speaker 1: of the thing has gone up. Might mean we find

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Speaker 1: Chinese goods less attractive, we find Indian goods less attractive

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Speaker 1: because what costs a dollar now costs a dollar eighty.

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Speaker 1: So maybe we say I don't want any more of that.

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Speaker 1: But the importer of the thing pays the pays the

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Speaker 1: tach is hard to get a straight face. The import

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Speaker 1: the American business pays the tax at the duty station,

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Speaker 1: and what is that importer going to do. What is

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Speaker 1: a big company going to do when they get hit

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Speaker 1: with higher prices that there's no fault of their own.

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Speaker 2: They increase.

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Speaker 1: It's common sense. This is a radical movement of common sense.

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Speaker 1: They pass that on to you and me, So our

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Speaker 1: prices of everything is going to go up unless in

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Speaker 1: a month he changes his mind again, which he's apt

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Speaker 1: to do and says I was just kidding. Now, let

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Speaker 1: me go one step further and tell you how this

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Speaker 1: the only way this could have worked. If he's saying

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Speaker 1: he wants to promote domestic production, he wants to bring

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Speaker 1: everything back home. Fair argument. Although American American American manufacturer

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Speaker 1: very good, American as a Mattriss manufacturing hub of old

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Speaker 1: school manufacturing ended in the nineteen seventies. That's why there's

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Speaker 1: more poor whites in America than poor anybody else, because

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Speaker 1: they had a high school education, hustle, and the jobs

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Speaker 1: that they were doing walked away. In nineteen forty nineteen fifty,

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Speaker 1: Detroit was the richest city in the world for automotive

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Speaker 1: in the world, richer than prayers, richer than their release.

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Speaker 1: That was one of the poorest because the business plan

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Speaker 1: from manufacturing walked away from America. It went to places

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Speaker 1: that were cheaper. Now we can be American. We can

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Speaker 1: be a manufacturing center today, but it's gonna be high

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Speaker 1: tech manufacturing. It's gonna be artificial and tight legends and robotics,

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Speaker 1: which you need education for. Back to the story. The

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Speaker 1: only way this would have worked is if the president said,

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Speaker 1: you know, a year before elected, get all the bankers together,

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Speaker 1: get all the fortune five hundred companies together, and look

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Speaker 1: you good, I'm gonna be president of the year. Just

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Speaker 1: believe me. What I need you to do. Go to

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Speaker 1: your boards, Go to your governance committees at the boards,

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Speaker 1: Go to your bankers who allocate capital. Go to Wall Street,

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Speaker 1: tell them I'm coming and tell them to put capital

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Speaker 1: aside for manufacturing at home. Also, because I'm gonna have Terrace. Also,

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Speaker 1: I need you to go to Stanton Island. I need

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Speaker 1: you to go to little towns in Cleveland. I need

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Speaker 1: you to go to Detroit, whatever and cut deals for land.

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Speaker 1: I'm just breaking this downright, and and get the cities

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Speaker 1: to support you and we By the way, you're gonna

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Speaker 1: need you get ai. You're gonna need a bunch of

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Speaker 1: energy to fuel these AI factors. You need to get

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Speaker 1: some uh you know, electricity and water, things generated. But

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Speaker 1: I need to get I'm gonna give you a year

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Speaker 1: because it's gonna be tens of billions of dollars in investment.

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Speaker 1: And know that I'm committed to this my whole presidency.

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Speaker 1: This is a new America. And the CEOs go, okay,

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Speaker 1: we're with you. We want to bring this back. And

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Speaker 1: by the way, what's what's what's in it for us?

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Speaker 1: And he has these economic mo shows blah blah blah

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Speaker 1: period of time, this is gonna be short term pain,

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Speaker 1: long term game. Okay, none of that happened, so there's

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Speaker 1: no way. I'm just look, I'm not four against. I'm

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Speaker 1: just saying I like math. It doesn't have an opinion.

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Speaker 1: I'm just saying. Stevie, my friend Stevie Wanner can see this.

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Speaker 1: None of this is going to work long term because

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Speaker 1: there is no planning.

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Speaker 3: So you think, do you think this is a ploy

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Speaker 3: for Trump to get what he wants? You think it's

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Speaker 3: a short term play and not a long term play

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Speaker 3: when it comes to the stats.

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Speaker 1: I didn't say I understood it. I said I was

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Speaker 1: gonna explain it. Look, he's been talking about Terra since

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Speaker 1: nineteen eighty night go to interviews of him from nineteen eighties.

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Speaker 1: He's obsessed with it. I have no idea where he

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Speaker 1: got this from. It's like new math. My calculator works

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Speaker 1: pretty well. Unless he is the most intelligent being on

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Speaker 1: the planet, unless he has a whole new way of

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Speaker 1: viewing economics. I just don't understand it. I'm pretty good

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Speaker 1: at it. I just don't understand. That's why the markets

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Speaker 1: are in the tank. That's why you know, CEOs are

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Speaker 1: scratching their head. But no one wants to say anything

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Speaker 1: because you don't want to get on his bad side. Look,

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Speaker 1: I want him to win. I'll say it. He's my president.

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Speaker 1: Whatever the election is over, he's my president. I want

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Speaker 1: him to win because if he wins, if he loses.

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Speaker 1: So this, you know, trying to wish him well and

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Speaker 1: going to Louisiana hitting getting little the little dolls that

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Speaker 1: time kind of stuff. No, No, pray, pray for your president,

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Speaker 1: pray for your country. We're all in this thing together.

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Speaker 1: Like real talk. But and here's my way of thinking.

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Speaker 1: Talk without being offensive, Listen without being defensive, and always

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Speaker 1: leave even your adversary with their dignity, because if you don't,

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Speaker 1: they'll spend the rest of their life working to make

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Speaker 1: you miserable. It becomes personal. You got a step over

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Speaker 1: mess and not in it. He is the President of

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Speaker 1: the United States of America. He's as you can see

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Speaker 1: from the executive orders, he's incredibly powerful. He's not a king,

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Speaker 1: but he has incredible power. And we're going to see

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Speaker 1: that some of the stuff he's doing as a bridge

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Speaker 1: too far. It's gonna get reversed. But he has incredible

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Speaker 1: power with the pen. So we need to walk delicately here.

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Speaker 1: It's an interesting relationship. I was in a relationship years

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Speaker 1: and years ago, luckily a wonderful wife JJ. When I

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Speaker 1: was a kid, I was in a relationship with somebody

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Speaker 1: who was emotionally immature, which he didn't say much for me.

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Speaker 1: I picked her, but it was like an emotional Hangarnad.

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Speaker 1: But I was already in it, and I had to

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Speaker 1: really be careful. I put that hand Gernad back down

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Speaker 1: on the ground so it didn't explode and tear me up.

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Speaker 1: This is where we are. We have to be very

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Speaker 1: delicate about this situation, and we have to find some

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Speaker 1: way to help him feel like he won, like I

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Speaker 1: don't know what it is, but whatever in the next

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Speaker 1: thirty days, next forty five days. This is not sustainable.

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Speaker 1: We got to give him some out the country of

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Speaker 1: other leaders where he feels, yeah, my terror strategy won.

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Speaker 1: Otherwise this economy will slow and your prices will go up.

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Speaker 1: You already had inflation from the let's clear something else,

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Speaker 1: though it's too late for this. Biden created inflation ridiculously

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Speaker 1: completely wrong. In fact, it was Trump then the Republican

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Speaker 1: Democrat Congress and Biden. Everybody passed five six trillion dollars

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Speaker 1: worth of stimulus during the pandemic, so the economy didn't

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Speaker 1: stall because economy was going to stall when everybody was

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Speaker 1: in their houses. Because this consumer driven economy and that

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Speaker 1: plus the Federal Reserve, there's about six seven trillion dollars

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Speaker 1: actually more like nine to win the economy. That's where

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Speaker 1: the inflation came from. When you have an imbalance of

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Speaker 1: supply and demand, so you have too much supply money

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Speaker 1: the nine of the band, it inflates the cost of

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Speaker 1: things to.

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Speaker 2: All the stimulus checks in the PvP loans. Everybody loved

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Speaker 2: that part, that.

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Speaker 1: Part and it ain't going away, And I said, ain't

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Speaker 1: on purpose, because there's never been in the history DJ

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Speaker 1: in the history of the world, there's never been a

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Speaker 1: trillion dollars of stimulus by any government at any time ever.

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Speaker 1: And we did nine trillion. Let that sink in. So

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Speaker 1: how do you think how long you are you gonnaink

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Speaker 1: it's gonna take for that to work through your transmission system.

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Speaker 1: So of course we're lucky we don't have twelve percent

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Speaker 1: on inflation. We're lucky we don't have eighteen percent unemployment.

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Speaker 1: Like what Biden should have done, he should have come

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Speaker 1: in and said, I'm gonna be present for four years.

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Speaker 1: I'm your dude, I'm gonna stabilize everything, I'm gonna drop

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Speaker 1: the mic, I'm a bounce. I'm only here for four years.

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Speaker 1: That's what he should have done. He should have said

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Speaker 1: that up front and been done with his legacy. Would

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Speaker 1: have been fantastic. But you get in that office. I've

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Speaker 1: been an advisory for three US presidents. That's intoxicated. That power.

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Speaker 1: That power is intoxicate. You don't want to leave.

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Speaker 4: Really, ask you a question, do you think the government

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Speaker 4: will so?

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Speaker 1: Yes, you should buy a house. By the way, people

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Speaker 1: don't change your game, don't change your plan, change your mind.

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Speaker 1: This is this noise is going to ultimately go away.

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Speaker 1: Three things have never gone down the history of America

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Speaker 1: GDP Gross Domestic product, real estate's values, and stock market values.

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Speaker 1: They've gone up. There's a recession, it corrects above the line.

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Speaker 1: After the recession, it recedes. Recessions, recedes, and then corrects

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Speaker 1: above the line. Every time somebody might makes an emotional decision,

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Speaker 1: it's a bad one. Poor people sell in bad times.

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Speaker 1: What did Warren Buffett say? When people are afraid, be greedy?

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Speaker 1: When people are greedy, be afraid. Okay, you're about to say.

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Speaker 4: Something I was going to ask you.

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Speaker 3: I was going to say, you know, with that that

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Speaker 3: type of thinking, the prices of everything are going to

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Speaker 3: go up, right in the next couple of months.

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Speaker 4: We assume right, build and costs are expensive.

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Speaker 1: Interest rates might come down, by the way, metals and

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Speaker 1: all that. Right, you said, what about intro r They

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Speaker 1: might come down and inter.

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Speaker 4: Come on the same thing would cost which the pres

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Speaker 4: it is banking on. By the way, So if.

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Speaker 3: Somebody these houses and these properties, or they buy these cars,

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Speaker 3: and they boy these materials, and the prices are up

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Speaker 3: when this game that we're thinking that he's playing, which

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Speaker 3: is a short term game, changes back in a couple

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Speaker 3: of months and he takes these towers offs, and now

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Speaker 3: those goods are less money you bought when it was high.

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Speaker 3: Does that hurt help effect? Well, you're assuming the goods

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Speaker 3: are going to come back down in price.

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Speaker 4: If the tower's come off, shouldn't.

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Speaker 1: You're assuming that the price is going to back down.

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Speaker 1: Greed is an interesting thing. You know. There were during

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Speaker 1: the pandemic there were container companies, the ones who put

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Speaker 1: the stuff on ships, because we're all run through international trade.

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Speaker 1: By the way, twenty five percent of the US economy

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Speaker 1: is international trade. So there was container companies who were

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Speaker 1: found to be gorging, gouging prices for no good reason.

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Speaker 1: The prices had, Yeah, temporarily there was not enough of them,

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Speaker 1: and the prices went up. But then when they kept

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Speaker 1: the prices high big because it was you know, layering

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Speaker 1: their pockets. So and Bash or Andrew Jung says that

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Speaker 1: men and women fail for three reasons arrogance, pride, and greed.

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Speaker 1: And greed is the oldest thing on the book. The

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Speaker 1: only time Jesus Christ they ever got upset was when

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Speaker 1: he turned the table over the money changers in the temple.

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Speaker 1: That's the only time you get upset. So I think

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Speaker 1: that because we're the biggest economy in the world, because

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Speaker 1: it's consumer spending, because capitalists ultimately want to win, prices

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Speaker 1: will come down to meet the demand of the consumer.

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Speaker 1: But it's not going to be like flipping a switch

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Speaker 1: and with somebody in somebody in Washington things. In my

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Speaker 1: opinion that if you trigger a mild recession, this is

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Speaker 1: I don't agree with this. You trigger a mi out recession,

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Speaker 1: you can blame it on the other guy. I don't

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Speaker 1: agree with that either. I hope this is translating to

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Speaker 1: your audience when I say the other guy. You blame

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Speaker 1: it on the other guy, not the current president. You

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Speaker 1: then get the FED the lower interest rates, which by

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Speaker 1: the way, helps wealthy people like me but doesn't help

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Speaker 1: the average every day, and then the economy's booms and

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Speaker 1: you're golden for midterm elections. Some people believe that. I

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Speaker 1: just I just don't think that that's rational, and I

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Speaker 1: think the timing is gonna be all messed up. Even

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Speaker 1: if that did work, I don't think it's gonna work.

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Speaker 1: Here's the problem the White House. I've known none US presidents.

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Speaker 1: I've known twelve. I've worked with twelve Secretaries of the Treasury.

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Speaker 1: I've been an advisor for three US presidents both parties.

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Speaker 1: Have been honored by five from both parties. I've never

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Speaker 1: seen a White House where nine nine percent of people

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Speaker 1: are either sent to millionaires or billionaires the advisors. Now again,

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Speaker 1: I'm very wealthy, but I go to the hood once

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Speaker 1: a month. Yeah, intentionally. I tell my driver wherever I'm at,

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Speaker 1: take me, take me to wherever the hood is, and

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Speaker 1: they are all freaked out. I want to see it.

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Speaker 1: I want to see how we're living. I want to

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Speaker 1: see those check cashes and pay day long liverers. I

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Speaker 1: want to go get out and go into a grocery

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Speaker 1: store or convenienced. I want to listen what's up. I

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Speaker 1: want to listen to the I want to get in

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Speaker 1: then uber driver, you know, I want to get in

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Speaker 1: the taxi.

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Speaker 2: You want to talk to the people when people talk

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Speaker 2: about but never talk to that's right.

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Speaker 1: So if you are a cented millionaire one hundred million,

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Speaker 1: if you're a billionaire, you've been taking private travel for

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Speaker 1: twenty years now. When I go through I do Delta,

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Speaker 1: But when I go through, I'm with the coach for

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Speaker 1: all one hundred thousand Delta employees at operation. I was

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Speaker 1: on Delta yesterday. Now they picked me up at the curve,

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Speaker 1: do that whole thing. So it feels like private. But

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Speaker 1: by the way, I had to like three months ago,

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Speaker 1: something happened. My greeter wasn't there. I had to go

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Speaker 1: through the airport term. I was traumatized.

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Speaker 2: Cut it out, John.

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Speaker 4: Traumatized.

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Speaker 2: No.

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Speaker 1: I was like, where are these people, Where these people are,

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Speaker 1: where they're coming from, what they're doing? What? When are

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Speaker 1: the kids screaming? Why are the lady in here taking

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Speaker 1: her clothes off? No, I'm just sayingstation. Yeah. My point

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Speaker 1: is that I'm pretty normal, and I still to me

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Speaker 1: a minute to readjust to being in an airport term

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Speaker 1: because I hadn't been there in months. Imagine if you've

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Speaker 1: been taking private planes your whole life or the last

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Speaker 1: twenty years. I'm not hate I love it. By the way,

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Speaker 1: I one day I have private playing somebody else paid for.

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Speaker 1: You have.

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Speaker 2: People have no idea what's going on?

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Speaker 1: That's right. You've never been in a grocery stores, right,

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Speaker 1: You've never been no gas station. You even been to

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Speaker 1: a bus station. It's impossible.

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Speaker 4: You should fly Southwestern Spirit one time.

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Speaker 1: You're getting no. I'm good. But it's impossible to make

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Speaker 1: policy for the average person if you.

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Speaker 2: Don't understand not connected to them in any way. And

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Speaker 2: that's what I wanted to talk about, Like, I love

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Speaker 2: the conversation you were having, but I want to put

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Speaker 2: some boots on the ground with it. When you talk

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Speaker 2: about these working class people, the average everyday person living

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Speaker 2: check the chech, just trying to pay their rent, just

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Speaker 2: trying to buy groceries, what should they do in regards

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Speaker 2: to these tasks? Like could you tell you know you're

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Speaker 2: telling everybody else just to be cool and silace noise.

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Speaker 2: They don't have that luxury.

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Speaker 1: Oh no, this is our time. I mean, you can't

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Speaker 1: fall from the floor. Black folks, we've been in. Brown folks,

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Speaker 1: we've been We've been doing so much with so little

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Speaker 1: for so long. We can almost do anything with nothing.

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Speaker 1: I mean, a crisis for us is Tuesday. That's right,

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Speaker 1: We've been dealing with crisis. I mean, we wake up

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Speaker 1: in Christ this is actually our asset and our problem.

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Speaker 1: Before now it was just our problem. I wrote my

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Speaker 1: last book of financial literacy for all, which, by the way,

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Speaker 1: thanks for helping me launch. It's still number one a

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Speaker 1: year later. In business finance, not black just black history.

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Speaker 1: If something is business finans in the world. But two

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Speaker 1: books before was a book called the Memo, And in

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Speaker 1: the Memo I said, basically, there's something that is what

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Speaker 1: we don't know that we don't know. No one gave

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Speaker 1: us a memo on how the economy works, and I said,

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Speaker 1: there's three times of people. There's a surviving mindset, there's

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Speaker 1: a thriving mindset as a winning building mindset. Wealthy people

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Speaker 1: talk about their ideas. Poor people talk about other people.

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Speaker 1: So if you have a surviving mindset that the glass

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Speaker 1: is half empty, not half full, it's the same glass.

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Speaker 1: But whether you believe you can and whether you believe

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Speaker 1: you can't, you're right. So to your point, in a

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Speaker 1: normal environment, the surviving mindset is at a significant disadvantage

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Speaker 1: because your ability to hustle has no value whatsoever. Your

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Speaker 1: ability to avoid a bill or avoid a one eight

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Speaker 1: hundred number was at Chris Rock said, I don't know

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Speaker 1: if I want a one eight hundred number. I'm not

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Speaker 1: answering the phone as a bill collector. Our ability to maneuver.

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Speaker 1: The system has no value in a growing driving economy.

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Speaker 1: You got to build something, buy something, do something, roll

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Speaker 1: with something, understand something. But when things are tough, that

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Speaker 1: understanding is actually an asset. So now we need to

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Speaker 1: take that understanding, pull it forward and start doing basic stuff.

431
00:21:43,240 --> 00:21:45,720
Speaker 1: Go get yourself a term life insurance policy. You can

432
00:21:45,760 --> 00:21:48,840
Speaker 1: get it for ten bucks a month for a fifty

433
00:21:48,880 --> 00:21:50,960
Speaker 1: dollars if you're in good health. Twenty five thousand and

434
00:21:50,960 --> 00:21:53,440
Speaker 1: fifty thousand dollars policy is little ten dollars a month

435
00:21:53,720 --> 00:21:55,359
Speaker 1: because I don't know how long you're gonna live, but

436
00:21:55,359 --> 00:21:57,720
Speaker 1: I dang sure to know you're gonna die. So there's

437
00:21:57,800 --> 00:22:00,239
Speaker 1: your generational wealth for one hundred bucks a month if

438
00:22:00,240 --> 00:22:03,840
Speaker 1: you're in good health. A million dollar policy DJ a

439
00:22:03,920 --> 00:22:06,760
Speaker 1: million dollar policy. There's your generational wealth right there. Go

440
00:22:06,880 --> 00:22:09,480
Speaker 1: get you a term life insurance policy. Create a will.

441
00:22:10,119 --> 00:22:12,960
Speaker 1: My mother's hid. She had a little inner will. She

442
00:22:13,000 --> 00:22:15,320
Speaker 1: worked an hourly job for thirty two years, and she

443
00:22:15,400 --> 00:22:17,240
Speaker 1: bought and sold in seven home. She had a credit

444
00:22:17,280 --> 00:22:19,760
Speaker 1: score of five eight fifty four when it went that

445
00:22:20,359 --> 00:22:22,600
Speaker 1: high she died. She had a million dollar networth in

446
00:22:22,760 --> 00:22:27,960
Speaker 1: her will was a poison pill. Anybody who pushes back

447
00:22:28,000 --> 00:22:32,400
Speaker 1: on this will is deleted from it. Crickets. Nobody said

448
00:22:32,400 --> 00:22:34,840
Speaker 1: anything but my mother worked an hourly job, had a

449
00:22:34,880 --> 00:22:37,240
Speaker 1: million dollar networks, which means anybody can do it. So

450
00:22:37,520 --> 00:22:40,199
Speaker 1: she had a will, she had a life insurance policy,

451
00:22:40,840 --> 00:22:44,520
Speaker 1: she got her earned income task credit. So what's that.

452
00:22:44,880 --> 00:22:47,399
Speaker 1: Anybody listening to this who make less than sixty thousand

453
00:22:47,400 --> 00:22:51,160
Speaker 1: dollars a year get EITC. If you make thirty eight

454
00:22:51,240 --> 00:22:52,920
Speaker 1: thousand dollars a year, you listening to this, and you're

455
00:22:52,960 --> 00:22:55,000
Speaker 1: in a town anywhere, and you have three children, the

456
00:22:55,040 --> 00:22:59,200
Speaker 1: government owes you sixty five hundred dollars cash if you

457
00:22:59,359 --> 00:23:02,399
Speaker 1: never file. Is retroactive for three years. So anybody listening

458
00:23:02,440 --> 00:23:04,359
Speaker 1: to this who makes forty thousand dollars and goes, what

459
00:23:04,400 --> 00:23:05,760
Speaker 1: did he say? You have a check.

460
00:23:06,560 --> 00:23:09,200
Speaker 4: So that's two three children, No, no, any of the

461
00:23:09,240 --> 00:23:09,720
Speaker 4: word children.

462
00:23:09,760 --> 00:23:12,200
Speaker 1: Anybody makes sixty thousand dollars or less, you get a check.

463
00:23:12,680 --> 00:23:15,359
Speaker 1: The less money and the more kids, as long as

464
00:23:15,400 --> 00:23:18,760
Speaker 1: you're working, the bigger the check. So the sweet spot

465
00:23:19,400 --> 00:23:21,639
Speaker 1: thirty eight forty thousand dollars three kids. But if you

466
00:23:21,760 --> 00:23:23,920
Speaker 1: have forty five thousand dollars in one kid, you still

467
00:23:23,960 --> 00:23:26,320
Speaker 1: get a check. And one of the four Americans who

468
00:23:26,359 --> 00:23:29,160
Speaker 1: qualify for EITC never asked for it. That's twenty billion

469
00:23:29,200 --> 00:23:32,520
Speaker 1: dollars a year. That's not going away. Got you child

470
00:23:32,640 --> 00:23:35,760
Speaker 1: task credit Local. Everybody needs to become like it. We

471
00:23:35,840 --> 00:23:38,320
Speaker 1: need to become nosy. Everybody's reading the Constitution Bill of

472
00:23:38,359 --> 00:23:41,159
Speaker 1: Rights right now, Like, what's these executive orders? I want

473
00:23:41,200 --> 00:23:43,320
Speaker 1: you to learn about financial literacy now, this is your

474
00:23:43,400 --> 00:23:47,959
Speaker 1: time to surge. Whatever the city programs are, the state programs,

475
00:23:48,080 --> 00:23:52,120
Speaker 1: the federal programs. Banks do down payment assistance for poor

476
00:23:52,240 --> 00:23:54,720
Speaker 1: people dj envy. In fact, the worse it gets, the

477
00:23:54,800 --> 00:23:56,760
Speaker 1: more the more the banks want to dig in. So

478
00:23:56,920 --> 00:23:59,760
Speaker 1: a bank, an FDIC insured bank, if you can get

479
00:23:59,760 --> 00:24:01,159
Speaker 1: your score up, and we can help you do that

480
00:24:01,240 --> 00:24:02,679
Speaker 1: at Operation Hope. And that's the other thing you need

481
00:24:02,720 --> 00:24:05,520
Speaker 1: is get your credit score up. The banks will give

482
00:24:05,520 --> 00:24:10,200
Speaker 1: you ten thousand dollars and a grant. Plus undermarket mortgages.

483
00:24:10,520 --> 00:24:13,440
Speaker 1: So even though the mortgage a rich person might like me,

484
00:24:13,640 --> 00:24:17,080
Speaker 1: might be six and a half percent used to be

485
00:24:18,200 --> 00:24:19,600
Speaker 1: I got a two. I got a two point seven

486
00:24:19,640 --> 00:24:21,520
Speaker 1: percent moving down never I'll never get rid of that one.

487
00:24:22,040 --> 00:24:25,359
Speaker 1: But you can't get that anymore. But for community reinvestment

488
00:24:25,400 --> 00:24:29,000
Speaker 1: at cra you might get it for four percent five

489
00:24:29,080 --> 00:24:31,480
Speaker 1: percent plus you get a ten thousand dollars down payment

490
00:24:31,480 --> 00:24:34,280
Speaker 1: assistance grant that's only available to the least of these

491
00:24:34,320 --> 00:24:36,480
Speaker 1: God's children. But we don't know about it. So I

492
00:24:36,640 --> 00:24:40,320
Speaker 1: just now covered home ownership earned income task credit is

493
00:24:40,359 --> 00:24:44,680
Speaker 1: your down payment maybe for homeownership financials. Get your credit

494
00:24:44,720 --> 00:24:48,000
Speaker 1: score up. We have this meeting on April fourth, tomorrow,

495
00:24:48,080 --> 00:24:51,119
Speaker 1: a Dream four. We will talk about it. And we

496
00:24:51,240 --> 00:24:53,159
Speaker 1: got a business plan for Black America, business plan for

497
00:24:53,240 --> 00:24:56,919
Speaker 1: Latino America, business plan for women, a business plan for Asians,

498
00:24:56,960 --> 00:24:59,119
Speaker 1: a business plan for Native American Indians. I wrote them,

499
00:24:59,640 --> 00:25:03,160
Speaker 1: A business plans for poor whites rural America. I wrote

500
00:25:03,160 --> 00:25:06,520
Speaker 1: all the plans, and in one plan it shows that

501
00:25:06,560 --> 00:25:11,520
Speaker 1: if you rely on the government black people, first off,

502
00:25:11,600 --> 00:25:14,080
Speaker 1: you do nothing, our network will be zero by twenty

503
00:25:14,119 --> 00:25:20,120
Speaker 1: fifty three, not poor people, everybody. If Black Americans do nothing,

504
00:25:20,160 --> 00:25:23,200
Speaker 1: but what we're doing right now, just chilling net worth

505
00:25:23,400 --> 00:25:26,080
Speaker 1: by twenty fifty three is zero. If we rely on

506
00:25:26,160 --> 00:25:28,440
Speaker 1: the government, which we've been obsessing about since the Civil War.

507
00:25:28,640 --> 00:25:32,000
Speaker 1: Understand the Civil War, Understand Reconstruction, Understand the Civil Rights movement,

508
00:25:32,280 --> 00:25:36,679
Speaker 1: Understand the Second Reconstruction, I don't understand. Now, we're all up, uptight,

509
00:25:37,160 --> 00:25:40,160
Speaker 1: worked up about what's going on in Washington. Let's assume

510
00:25:40,160 --> 00:25:42,359
Speaker 1: they get a deathbed conversion and they decide they'd love

511
00:25:42,400 --> 00:25:45,399
Speaker 1: black people overnight. They gonna give us welfare, It'll give

512
00:25:45,440 --> 00:25:49,240
Speaker 1: us reparations. Everything that's not gonna happen. But no, but

513
00:25:49,320 --> 00:25:51,359
Speaker 1: it's worth three hundred billion to a maximum of six

514
00:25:51,480 --> 00:25:53,760
Speaker 1: hundred million dollars. Now hold that number by twenty fifty three,

515
00:25:53,800 --> 00:25:56,640
Speaker 1: that's only twenty five years from now. If you raise

516
00:25:56,680 --> 00:26:00,360
Speaker 1: your credit score one hundred points, a lot of people

517
00:26:00,359 --> 00:26:02,159
Speaker 1: have the lowest credit score on average in America, six

518
00:26:02,200 --> 00:26:03,960
Speaker 1: to twenty, which means half of us wake up in

519
00:26:04,000 --> 00:26:06,160
Speaker 1: the morning locked out of the free enterprise system, can't

520
00:26:06,160 --> 00:26:08,480
Speaker 1: get a decent car loan. You go to the car dealership,

521
00:26:08,880 --> 00:26:12,280
Speaker 1: you get a Mercedes eighteen percent interest. It's out of Mercedes.

522
00:26:12,320 --> 00:26:16,000
Speaker 1: It's Mercedes payments, and it breaks down in four months

523
00:26:16,119 --> 00:26:19,080
Speaker 1: because the number one way they make money is maintenance

524
00:26:19,240 --> 00:26:21,160
Speaker 1: and finance department. They don't even make any money selling

525
00:26:21,200 --> 00:26:22,719
Speaker 1: the car. They wait if you to bring it back

526
00:26:23,240 --> 00:26:24,880
Speaker 1: to actual literacy. But if you get your credit score

527
00:26:24,960 --> 00:26:28,800
Speaker 1: up one hundred points, that's seven hundred and fifty billion

528
00:26:29,000 --> 00:26:32,080
Speaker 1: dollars by twenty fifty three. That's one hundred and fifty

529
00:26:32,080 --> 00:26:34,840
Speaker 1: billion dollars more than the best estimate of the government's assistance.

530
00:26:35,200 --> 00:26:38,760
Speaker 1: And we can do that by ourselves become homeowners. That's

531
00:26:38,800 --> 00:26:41,800
Speaker 1: eight hundred billion dollars separate from the seven d and

532
00:26:41,880 --> 00:26:44,520
Speaker 1: fifty billion dollars. That's one point five, give or take

533
00:26:44,640 --> 00:26:49,159
Speaker 1: trillion dollars. And that doesn't even require the government. We

534
00:26:49,240 --> 00:26:52,000
Speaker 1: can do this our salves. There's another trillion dollars on

535
00:26:52,119 --> 00:26:57,080
Speaker 1: buying businesses. Am I going too far too fast? They

536
00:26:57,119 --> 00:26:57,800
Speaker 1: got to do their research.

537
00:26:57,800 --> 00:27:01,600
Speaker 4: They break down is you know, there's tiers when it

538
00:27:01,640 --> 00:27:02,120
Speaker 4: comes to credit.

539
00:27:02,200 --> 00:27:03,760
Speaker 3: So like when you're saying, somebody go into a car

540
00:27:03,920 --> 00:27:05,840
Speaker 3: dealership and they're trying to buy he said, a Mercedes.

541
00:27:05,880 --> 00:27:08,280
Speaker 3: It's a mercy dealership, right, a mercy note. So if

542
00:27:08,320 --> 00:27:11,600
Speaker 3: your tier is four or five or six, forget about it.

543
00:27:11,680 --> 00:27:11,840
Speaker 1: Yep.

544
00:27:11,880 --> 00:27:14,240
Speaker 3: Credit rate if your car is usually four hundred dollars

545
00:27:14,280 --> 00:27:16,280
Speaker 3: a month is going to be eleven hundred dollars a month.

546
00:27:16,440 --> 00:27:18,639
Speaker 3: But if you have Tier one credit, you probably have

547
00:27:18,720 --> 00:27:20,439
Speaker 3: to put down less money and your not there's only

548
00:27:20,480 --> 00:27:22,360
Speaker 3: four money just based off your credit.

549
00:27:22,400 --> 00:27:23,480
Speaker 4: Same thing with home ownership.

550
00:27:23,480 --> 00:27:25,120
Speaker 3: Same thing with credit cards, that you buy the store,

551
00:27:25,119 --> 00:27:27,520
Speaker 3: whether it's Nordstrom, Sears, JC, Penny Macy.

552
00:27:27,680 --> 00:27:29,360
Speaker 4: So that's what he's saying. As far as the tiers

553
00:27:29,400 --> 00:27:30,400
Speaker 4: when it comes to credit.

554
00:27:30,359 --> 00:27:32,600
Speaker 1: Yeah, let's go one step further. The place is where

555
00:27:32,640 --> 00:27:37,960
Speaker 1: we grow up. Check casher, next to a payday loan lender,

556
00:27:39,000 --> 00:27:42,520
Speaker 1: next to a rent own store, next to a title lender,

557
00:27:42,640 --> 00:27:45,640
Speaker 1: as in the title of your car. Yep, pawn shop,

558
00:27:46,640 --> 00:27:51,320
Speaker 1: liquor store right there, church down the street, the church,

559
00:27:51,359 --> 00:27:53,840
Speaker 1: your lovel therapist. They trying to make sure you don't

560
00:27:53,840 --> 00:27:55,240
Speaker 1: go craik cray once a week. Make sure you don't

561
00:27:55,240 --> 00:27:59,160
Speaker 1: go postal on Monday. All right. And by the way,

562
00:27:59,280 --> 00:28:03,439
Speaker 1: poor white same you go to a poor white real neighborhood,

563
00:28:04,080 --> 00:28:05,800
Speaker 1: check cash or pay day long line to rent their

564
00:28:05,800 --> 00:28:07,560
Speaker 1: own store, title in the liquor store, they just pray.

565
00:28:07,560 --> 00:28:10,560
Speaker 1: The church, they just pray differently. They're quietly loud.

566
00:28:10,640 --> 00:28:12,600
Speaker 2: Oh you got about the Fried Chicks bar too, yeah?

567
00:28:12,720 --> 00:28:13,119
Speaker 2: Carry out?

568
00:28:13,280 --> 00:28:17,680
Speaker 1: Well yeah, yeah, fast food. By the way, you lived

569
00:28:17,720 --> 00:28:19,680
Speaker 1: to sixty one years of age. I mapped every zip

570
00:28:19,720 --> 00:28:22,760
Speaker 1: code in America by credit score. You lived a sixty

571
00:28:22,840 --> 00:28:25,840
Speaker 1: one years of age in a five hundred credit score neighborhood,

572
00:28:26,880 --> 00:28:30,480
Speaker 1: you lived to eighty one years of age, fifteen minutes apart.

573
00:28:30,640 --> 00:28:34,639
Speaker 1: In a seven hundred credit score neighborhood, you live twenty

574
00:28:34,840 --> 00:28:38,120
Speaker 1: year longer life because of your credit score. And it's

575
00:28:38,160 --> 00:28:40,520
Speaker 1: not about the credit score, it's the trending indicators underneath

576
00:28:40,600 --> 00:28:45,520
Speaker 1: that hope, well being, faith, confidence, belief, optimism. What disease

577
00:28:45,600 --> 00:28:49,000
Speaker 1: is often diseased. Keep keep your stress level, so again,

578
00:28:49,120 --> 00:28:52,160
Speaker 1: surviving mindset. You have a surviving mindset. You're stressed out,

579
00:28:52,200 --> 00:28:55,120
Speaker 1: you're full of anxiety. If you hanging around nine bro people,

580
00:28:55,120 --> 00:28:57,600
Speaker 1: you'll be the tenth. You're up, you're toe up from

581
00:28:57,600 --> 00:28:59,680
Speaker 1: the flow up. You're gonna die early, and you're eating

582
00:28:59,720 --> 00:29:03,360
Speaker 1: bad food. So this is a game. Man, What did

583
00:29:03,400 --> 00:29:06,120
Speaker 1: Malcolm X say. We've been bamboozled, We've been tricked, we've

584
00:29:06,160 --> 00:29:11,440
Speaker 1: been food, we've been hoodwinked. Here's one for you. Everybody

585
00:29:11,520 --> 00:29:13,400
Speaker 1: wants to start a business. I love that. I've got

586
00:29:13,440 --> 00:29:16,280
Speaker 1: this thing called one million Black Business Initiative SHOPIFI put

587
00:29:16,360 --> 00:29:18,000
Speaker 1: up one hundred and thirty million dollars up to George

588
00:29:18,000 --> 00:29:20,520
Speaker 1: Flord's murder. They just announce it, putting up another sixty

589
00:29:20,560 --> 00:29:22,720
Speaker 1: million to help me get to one hundred and ninety

590
00:29:22,800 --> 00:29:25,640
Speaker 1: million because they can't be happier with all the businesses

591
00:29:26,280 --> 00:29:28,560
Speaker 1: that are black businesses that are now on the Shopifi platform.

592
00:29:28,560 --> 00:29:31,160
Speaker 1: It's not d and I is good business. By the way,

593
00:29:31,360 --> 00:29:34,440
Speaker 1: the president of Shopifi speaking at the Martin Luther King

594
00:29:34,680 --> 00:29:37,600
Speaker 1: Dream Florid Initiative, Harley Finkelstein, it's business for them, which

595
00:29:37,640 --> 00:29:38,360
Speaker 1: is which is.

596
00:29:38,360 --> 00:29:40,560
Speaker 2: What we want now, inclusive economics.

597
00:29:40,640 --> 00:29:43,120
Speaker 1: Inclusive economics, which you helped me pioneer, by the way.

598
00:29:43,680 --> 00:29:45,320
Speaker 1: So so okay, so stick with that for a minute.

599
00:29:45,320 --> 00:29:47,000
Speaker 1: So we at all these business business people. They want

600
00:29:47,040 --> 00:29:48,320
Speaker 1: to be business people now. They want to start a

601
00:29:48,360 --> 00:29:52,160
Speaker 1: pizzeria or something in I need fifty thousand dollars. You

602
00:29:52,280 --> 00:29:55,080
Speaker 1: do a GoFundMe or whatever it is, and you hustling.

603
00:29:55,320 --> 00:29:56,920
Speaker 1: It's in the bank. One give the money. They want

604
00:29:56,920 --> 00:30:00,600
Speaker 1: you to personally guarantee your house. All that stuff easier.

605
00:30:01,720 --> 00:30:03,800
Speaker 1: It is easier for somebody to go to Wall Street,

606
00:30:03,840 --> 00:30:06,200
Speaker 1: which is where we are, and get finance a twenty

607
00:30:06,360 --> 00:30:10,280
Speaker 1: million dollar business with non recourse debt, which means you

608
00:30:10,320 --> 00:30:12,480
Speaker 1: don't personally guarantee it, than it is to start a

609
00:30:12,560 --> 00:30:15,040
Speaker 1: pizzeria with one hundred thousand dollars loans from the bank.

610
00:30:15,120 --> 00:30:18,840
Speaker 1: Now that doesn't that to your audience sounds absolutely crazy.

611
00:30:18,960 --> 00:30:22,160
Speaker 1: Let me break it down. We have the first generation,

612
00:30:23,040 --> 00:30:26,440
Speaker 1: our generation where you're gonna have more people over sixty

613
00:30:26,480 --> 00:30:31,480
Speaker 1: five than underage than under eighteen. These are white, wealthy

614
00:30:31,920 --> 00:30:35,120
Speaker 1: baby boomers, all trying to go retire and play golf

615
00:30:35,200 --> 00:30:38,479
Speaker 1: at the same time. So there is a's about four

616
00:30:38,520 --> 00:30:40,800
Speaker 1: hundred three dollars of wealth in the world. About one

617
00:30:40,840 --> 00:30:42,200
Speaker 1: hundred and eighty treeing of that is in the one

618
00:30:42,280 --> 00:30:44,200
Speaker 1: hundred and eighty training that is in the United States.

619
00:30:44,520 --> 00:30:47,320
Speaker 1: About fifty training of that was created since twenty twenty.

620
00:30:47,960 --> 00:30:51,440
Speaker 1: I'm trying this is. These are this is are ridiculous numbers.

621
00:30:52,040 --> 00:30:54,200
Speaker 1: Fifty threeing of that was just created in the last

622
00:30:54,280 --> 00:30:58,280
Speaker 1: twenty five years. These baby boomers made a crapload of money.

623
00:30:58,760 --> 00:31:01,640
Speaker 1: They're bawling billionaire sent to millionaires. They want to go

624
00:31:01,680 --> 00:31:03,360
Speaker 1: play golf, they want to enjoy their life, they want

625
00:31:03,400 --> 00:31:05,360
Speaker 1: to be on their yacht. God bless them. They're all

626
00:31:05,440 --> 00:31:08,080
Speaker 1: leaving the stage at the same time. Forty percent of

627
00:31:08,120 --> 00:31:10,280
Speaker 1: this country is now black and brown. That's why everybody's nervous.

628
00:31:10,400 --> 00:31:12,960
Speaker 1: By the way, black and brown. He's the new interest

629
00:31:13,000 --> 00:31:14,920
Speaker 1: of the economy within ten years, it's going to be

630
00:31:14,920 --> 00:31:17,120
Speaker 1: a majority of minorities. By the way, A thirty economies

631
00:31:17,160 --> 00:31:21,320
Speaker 1: women seven trillion dollars. So it's black, brown women, right.

632
00:31:22,400 --> 00:31:24,760
Speaker 1: Some people are nervous about who's taken over. This is

633
00:31:24,800 --> 00:31:27,680
Speaker 1: a whole other conversation with this is fueling political the

634
00:31:28,240 --> 00:31:30,400
Speaker 1: political environment. By the way, in my opinion, which is

635
00:31:30,440 --> 00:31:32,560
Speaker 1: what you're singing in Washington, go back to the numbers.

636
00:31:33,680 --> 00:31:36,000
Speaker 1: So now, what's happening with this tree, the one hundred

637
00:31:36,040 --> 00:31:37,920
Speaker 1: tree and dollars with the word of wealth, DJ ANDV

638
00:31:38,440 --> 00:31:41,840
Speaker 1: is about to transition through inheritance in the next ten years.

639
00:31:43,600 --> 00:31:47,000
Speaker 1: The wives and the husbands and the kids wants the stocks,

640
00:31:47,520 --> 00:31:51,320
Speaker 1: the bonds, the cash and the houses. They don't want

641
00:31:51,320 --> 00:31:57,200
Speaker 1: the businesses. Elone, I'm good. I don't want I don't

642
00:31:57,280 --> 00:31:58,800
Speaker 1: understand it. I don't want to do it. I want

643
00:31:58,840 --> 00:32:02,160
Speaker 1: to go enjoy my life. Their generation makes it, taking

644
00:32:02,240 --> 00:32:05,840
Speaker 1: generation spends it, third generation loses it. But don't mind

645
00:32:05,880 --> 00:32:07,440
Speaker 1: me with the facts. I've already made up my mind.

646
00:32:07,520 --> 00:32:11,520
Speaker 1: I want the cash. That means there's about fifteen trillion dollars.

647
00:32:11,640 --> 00:32:15,360
Speaker 1: Please audience, listen to this. This is making smart sexy

648
00:32:16,040 --> 00:32:24,840
Speaker 1: on scale. Does fifteen trillion dollars are profitable, successful, branded

649
00:32:25,360 --> 00:32:29,040
Speaker 1: real estate, having client having nothing wrong with them, businesses

650
00:32:29,400 --> 00:32:34,560
Speaker 1: that nobody wants go buy them. They're already cash flowing.

651
00:32:35,600 --> 00:32:39,960
Speaker 1: There's nothing wrong with them except the kids and the family.

652
00:32:39,800 --> 00:32:40,880
Speaker 4: Don't want them too comfortable.

653
00:32:41,440 --> 00:32:43,440
Speaker 1: I don't know what it is, but it's an opportunity,

654
00:32:43,600 --> 00:32:46,160
Speaker 1: that's what. So I think I started this by saying

655
00:32:46,240 --> 00:32:49,440
Speaker 1: rainbows after storms. You cannot have a rainbow that a storm. First,

656
00:32:49,440 --> 00:32:50,960
Speaker 1: don't look at a problem as a problem, look at

657
00:32:50,960 --> 00:32:54,680
Speaker 1: it as an opportunity. All capitalism is is solving problems.

658
00:32:56,160 --> 00:33:00,480
Speaker 1: So yes, it's going to get tight. We used to

659
00:33:00,560 --> 00:33:03,960
Speaker 1: type black folks are born on probation in the America.

660
00:33:04,000 --> 00:33:06,040
Speaker 1: You gotta be twice as smart, twice as intelligence, twice

661
00:33:06,040 --> 00:33:08,040
Speaker 1: as world dressed, get up twice as early, stave twice

662
00:33:08,040 --> 00:33:10,600
Speaker 1: as late, and worked twice as hard and hustle and

663
00:33:10,720 --> 00:33:12,560
Speaker 1: getting no credit for it. Okay, what else is new?

664
00:33:12,640 --> 00:33:15,320
Speaker 1: This is? This is our life story. Everybody else is

665
00:33:15,360 --> 00:33:17,840
Speaker 1: not used the problems. They're the ones that are going

666
00:33:17,880 --> 00:33:20,920
Speaker 1: to be dropping off of one story buildings. We're going

667
00:33:20,960 --> 00:33:23,760
Speaker 1: to counsel our white friends about calm down. This is

668
00:33:23,840 --> 00:33:28,440
Speaker 1: gonna be okay, so I'm actually quite optimistic about the future.

669
00:33:29,480 --> 00:33:31,080
Speaker 4: So what are you doing this weekend? You're doing something

670
00:33:31,160 --> 00:33:32,040
Speaker 4: specialist weekend.

671
00:33:32,080 --> 00:33:34,959
Speaker 2: Dream Forward, a virtual town on financial inclusion. That's why

672
00:33:35,000 --> 00:33:36,760
Speaker 2: I love John because you always have a solution, you know,

673
00:33:36,840 --> 00:33:39,240
Speaker 2: one any people that's just always constantly talking about problems

674
00:33:39,280 --> 00:33:41,920
Speaker 2: and trying to profit off the problems. He's creating solutions

675
00:33:42,080 --> 00:33:42,760
Speaker 2: to the problems.

676
00:33:43,480 --> 00:33:47,080
Speaker 1: Uh yeah, So dream Forward, thank you, Dream Forward. What

677
00:33:47,240 --> 00:33:50,400
Speaker 1: you're what you're involved in, and I would love to

678
00:33:50,480 --> 00:33:52,400
Speaker 1: have all of you involved in, by the way, because

679
00:33:52,440 --> 00:33:56,600
Speaker 1: you're all voices for this generation. This is uh, this

680
00:33:56,800 --> 00:34:01,600
Speaker 1: is a meeting between Republicans and democrat We have Second

681
00:34:01,720 --> 00:34:05,200
Speaker 1: Senator Raphael Warnock, who is the fifth chap pastor of

682
00:34:05,280 --> 00:34:08,720
Speaker 1: Ebenezer Church and a Democratic Senator. We have Mick Molvaney,

683
00:34:08,880 --> 00:34:13,400
Speaker 1: former chief of staff for Trump. We have the black Pope,

684
00:34:13,640 --> 00:34:16,520
Speaker 1: Bishop T. D. Jakes. We have the man who was

685
00:34:16,560 --> 00:34:18,840
Speaker 1: on the balcony with Doctor King, Ambassador Andrew Young. We

686
00:34:18,880 --> 00:34:21,920
Speaker 1: have doctor King's daughter, Doctor Bernice A. King. She's a

687
00:34:21,960 --> 00:34:24,640
Speaker 1: great person. We've got the Mayor of Memphis, Paul Young,

688
00:34:24,680 --> 00:34:28,160
Speaker 1: who's black. Now, by the way, We've got uh, the

689
00:34:28,280 --> 00:34:31,879
Speaker 1: CEO of Walmart. We've got Doug McMillan, who's co chair

690
00:34:31,880 --> 00:34:34,160
Speaker 1: of Financial Legacy for All, which is doing the Green

691
00:34:34,239 --> 00:34:37,360
Speaker 1: Socks Day. By the way, we can talk about if

692
00:34:37,400 --> 00:34:39,359
Speaker 1: you want, d I. I'll be happy to talk about

693
00:34:39,360 --> 00:34:41,480
Speaker 1: that as well. People have misunderstood that as well, in

694
00:34:41,560 --> 00:34:48,480
Speaker 1: my opinion. We've got killer Mike t I Van Jones.

695
00:34:48,520 --> 00:34:49,839
Speaker 1: I'm just going off the top of my head here

696
00:34:51,360 --> 00:34:54,239
Speaker 1: Ray MacGuire of Mazar to sign a ducket who runs

697
00:34:54,239 --> 00:34:56,680
Speaker 1: a two trillion dollar company called t I a Kraft

698
00:34:57,080 --> 00:34:59,520
Speaker 1: which is just basically pension funds, all your pension funds

699
00:34:59,560 --> 00:35:02,080
Speaker 1: and of estimas a council probably with t I a Kraft.

700
00:35:02,880 --> 00:35:06,400
Speaker 1: It is an amazing lineup. I just talked to doctor

701
00:35:06,480 --> 00:35:10,080
Speaker 1: Ben Chavis this morning. There's one hundred delegates, Bounty, delegates

702
00:35:10,080 --> 00:35:13,480
Speaker 1: of Mark Morele, the National Urban League, everybody who you

703
00:35:13,719 --> 00:35:16,080
Speaker 1: think of or may or may not have known about

704
00:35:16,120 --> 00:35:19,680
Speaker 1: who is at the top of the mark. They are

705
00:35:19,719 --> 00:35:21,680
Speaker 1: going to be there. In fact that we just now

706
00:35:21,840 --> 00:35:25,000
Speaker 1: yesterday the dropping the drop the Mike keynote to walk

707
00:35:25,040 --> 00:35:28,000
Speaker 1: out the stage is Sam Altman, who is the Steve

708
00:35:28,080 --> 00:35:32,640
Speaker 1: Jobs of this generation. That's AI. So it is a

709
00:35:32,760 --> 00:35:35,920
Speaker 1: way to honor doctor King, not by just marching in

710
00:35:35,960 --> 00:35:38,680
Speaker 1: the streets but cutting business deals in the suites. It

711
00:35:38,760 --> 00:35:41,640
Speaker 1: is continuing his unfinished work of the Poor People's Campaign.

712
00:35:42,760 --> 00:35:44,920
Speaker 1: It is his last book. Wherever we go from here,

713
00:35:45,520 --> 00:35:50,840
Speaker 1: it's answering that with a dream forward and there's no complaining.

714
00:35:51,040 --> 00:35:55,919
Speaker 1: There's no politics, there's no whining, there's no talking about politicians.

715
00:35:56,280 --> 00:35:58,600
Speaker 1: This is about us moving forward for two hours, a

716
00:35:58,800 --> 00:36:03,320
Speaker 1: positive plan, and we're gonna leap. Tomorrow people will be

717
00:36:03,360 --> 00:36:05,960
Speaker 1: able to download the business plans we wrote and can

718
00:36:06,080 --> 00:36:08,799
Speaker 1: and you can have it. You can talk about at

719
00:36:08,800 --> 00:36:10,840
Speaker 1: the kitchen table, you can mark it up, change it.

720
00:36:11,640 --> 00:36:15,040
Speaker 1: But this is full transparency. We wrote a plan. Typically

721
00:36:15,120 --> 00:36:17,920
Speaker 1: this happens behind closed doors. We've written these plans and

722
00:36:17,960 --> 00:36:20,399
Speaker 1: they will be available to everybody as of tomorrow morning.

723
00:36:20,480 --> 00:36:23,120
Speaker 1: People can register at Operation dot org and actually listen

724
00:36:23,239 --> 00:36:26,960
Speaker 1: to the global town Hall. Roland Martin is gonna be

725
00:36:27,080 --> 00:36:30,040
Speaker 1: streaming it. You guys are gonna be there. We've gotten

726
00:36:30,080 --> 00:36:32,520
Speaker 1: I think that the Associated Press is gonna be there.

727
00:36:32,560 --> 00:36:35,360
Speaker 1: We have all the networks who have moderators part of it.

728
00:36:35,640 --> 00:36:38,520
Speaker 1: We've tried to be as inclusive as we can.

729
00:36:38,960 --> 00:36:41,920
Speaker 2: We should streaming Nick, we should screaming it. We thought

730
00:36:41,920 --> 00:36:42,200
Speaker 2: about it.

731
00:36:42,280 --> 00:36:45,120
Speaker 1: We got a video yesterday from from the new chairman

732
00:36:45,160 --> 00:36:49,759
Speaker 1: of the Senate Bank Committee. Uh, Tim Scott Brother, what

733
00:36:49,920 --> 00:36:53,879
Speaker 1: time it's It's one to three pm Eastern Standard time

734
00:36:53,960 --> 00:37:01,040
Speaker 1: April fourth today. Yeah, and it's noon to two Central

735
00:37:01,120 --> 00:37:04,799
Speaker 1: Standard time. Doctor King, by the way, was assassinated April fourth,

736
00:37:04,920 --> 00:37:07,640
Speaker 1: nineteen sixty eight, at six pm Central time. That's the

737
00:37:07,760 --> 00:37:10,759
Speaker 1: exact time he He actually had a pillow fight. Right

738
00:37:10,840 --> 00:37:14,279
Speaker 1: before he was assassinated. He had just relaxed, and he

739
00:37:14,360 --> 00:37:16,520
Speaker 1: knew he was gonna be He knew he was gonna

740
00:37:16,520 --> 00:37:19,600
Speaker 1: be killed. The night before. It was the only time

741
00:37:19,640 --> 00:37:22,439
Speaker 1: he ever collapsed on stage. He gave a speech called

742
00:37:22,760 --> 00:37:26,320
Speaker 1: the Mountaintop. I've been to the mountain. I've seen the mountaintop.

743
00:37:26,360 --> 00:37:28,440
Speaker 1: I may not get there with you. He knew it,

744
00:37:29,000 --> 00:37:31,839
Speaker 1: and he collapsed in his and Andrew Young and Jesse

745
00:37:32,000 --> 00:37:36,880
Speaker 1: Jackson's arms and others. And the next day they Andrew

746
00:37:36,920 --> 00:37:39,200
Speaker 1: Young tells me they had this incredible pillow pillow fight

747
00:37:39,360 --> 00:37:41,640
Speaker 1: in the hotel. Will be at the Lorraine Hotel, by

748
00:37:41,640 --> 00:37:46,239
Speaker 1: the way, I will tomorrow let me today. And he

749
00:37:46,640 --> 00:37:48,680
Speaker 1: just thought it was eerie that Doctor King was so

750
00:37:48,840 --> 00:37:55,000
Speaker 1: light and he walked on that balcony and the world changed.

751
00:37:55,040 --> 00:37:57,959
Speaker 1: And what nobody knows is later on the FBI told

752
00:37:58,600 --> 00:38:02,239
Speaker 1: and Basher Young instructions for the shooter was if you

753
00:38:02,520 --> 00:38:08,600
Speaker 1: if you missed, the dreamer killed the strategist. That's Andrew Young.

754
00:38:09,280 --> 00:38:12,799
Speaker 1: So he hasn't been able to sleep for all these years. Wow.

755
00:38:13,800 --> 00:38:16,719
Speaker 1: The guy who created the OSSI and it Harrietville for

756
00:38:16,719 --> 00:38:18,640
Speaker 1: black people in the world. Atlanta, Georgia is the only

757
00:38:18,680 --> 00:38:22,239
Speaker 1: international city in the South, five hundred and fifty million

758
00:38:22,239 --> 00:38:24,520
Speaker 1: dollar economy, the same size as Singapore, by the way,

759
00:38:24,640 --> 00:38:27,000
Speaker 1: so we proven we can build a world economy. The

760
00:38:27,040 --> 00:38:29,440
Speaker 1: guy who did that brought the Olympics to Atlanta, the

761
00:38:29,560 --> 00:38:32,640
Speaker 1: only mayor of it, mentored by doctor King. Can't sleep,

762
00:38:35,200 --> 00:38:38,120
Speaker 1: so we owe him a debt. We owe all the

763
00:38:38,239 --> 00:38:41,279
Speaker 1: heroes and heroes and leaders who came before us a debt.

764
00:38:41,360 --> 00:38:43,120
Speaker 1: We owe those who are trying to fight for our

765
00:38:43,160 --> 00:38:47,080
Speaker 1: civil rights now a debt to carry on this work

766
00:38:47,160 --> 00:38:48,600
Speaker 1: and not just to be about me, but to be

767
00:38:48,640 --> 00:38:52,320
Speaker 1: about we. This is you can't just be selfish anymore.

768
00:38:53,320 --> 00:38:55,719
Speaker 1: Like we have got to be about all of us,

769
00:38:55,800 --> 00:38:57,600
Speaker 1: and this is this is our time. If you want

770
00:38:57,600 --> 00:38:59,520
Speaker 1: to be a part of history, you want to feel

771
00:38:59,520 --> 00:39:03,319
Speaker 1: like your life really mattered. It's right now m hm

772
00:39:03,760 --> 00:39:07,360
Speaker 1: in my opinion, and there are answers to these questions.

773
00:39:07,360 --> 00:39:09,320
Speaker 1: I mean, there's nothing that we talked about this morning.

774
00:39:09,360 --> 00:39:10,280
Speaker 1: That's rocket science.

775
00:39:11,600 --> 00:39:16,839
Speaker 3: Tune in tomorrow and forward on financial inclusion. And what's

776
00:39:16,880 --> 00:39:17,480
Speaker 3: the website again?

777
00:39:17,880 --> 00:39:20,000
Speaker 1: Uh? You can tune in at Operation Hope dot org

778
00:39:20,040 --> 00:39:21,920
Speaker 1: where you can register at Operation Hope dot org and

779
00:39:21,960 --> 00:39:25,919
Speaker 1: it will stream and hopefully the Breakfast Club and I heard,

780
00:39:25,960 --> 00:39:30,120
Speaker 1: by the way, is covering it. Black Information Network is

781
00:39:30,160 --> 00:39:33,799
Speaker 1: covering it. Uh, we have many many maybe platforms. Again,

782
00:39:33,920 --> 00:39:36,360
Speaker 1: Roland Martin is gonna be covering it, and we have

783
00:39:36,440 --> 00:39:38,719
Speaker 1: our own strength. If you get lost, just go to

784
00:39:38,760 --> 00:39:41,839
Speaker 1: Operation Hope dot org and you there'll be instructions there,

785
00:39:42,680 --> 00:39:47,360
Speaker 1: or just follow Charlottmane'll he'll, he'll be with us. Uh.

786
00:39:47,480 --> 00:39:49,360
Speaker 1: But but this is you know, this is this is

787
00:39:49,440 --> 00:39:52,480
Speaker 1: no time to be, This is no time to be.

788
00:39:52,880 --> 00:39:57,040
Speaker 1: I understand stress, and I understand this is serious. But

789
00:39:57,880 --> 00:40:00,880
Speaker 1: unless you just gonna give up, throw your hands up,

790
00:40:01,040 --> 00:40:02,799
Speaker 1: you might as well be positive about it. I can't

791
00:40:02,840 --> 00:40:06,320
Speaker 1: guarantee you that being positive is gonna make you succeed,

792
00:40:06,880 --> 00:40:09,560
Speaker 1: but I absolutely guarantee you the being negative is gonna

793
00:40:09,560 --> 00:40:12,719
Speaker 1: make you fail, absolutely, And these folks want you to

794
00:40:12,800 --> 00:40:14,239
Speaker 1: give up, by the way, they want you to throw

795
00:40:14,280 --> 00:40:16,680
Speaker 1: your hands up. That's why they did all this stuff

796
00:40:16,719 --> 00:40:19,520
Speaker 1: in the first sixty days, was to flood the system,

797
00:40:19,640 --> 00:40:23,040
Speaker 1: overwhelm you, so you throw your hands up and you

798
00:40:23,160 --> 00:40:25,400
Speaker 1: give up. No, no, we're not gonna give up. We're

799
00:40:25,400 --> 00:40:30,520
Speaker 1: gonna double down, and we're gonna be a north star.

800
00:40:30,960 --> 00:40:35,879
Speaker 1: What I want at this meeting is civility. I want

801
00:40:35,960 --> 00:40:37,960
Speaker 1: us to be civil. I want us to be inelegant.

802
00:40:38,040 --> 00:40:39,680
Speaker 1: I want us to be intelligent. I want us to

803
00:40:39,719 --> 00:40:43,200
Speaker 1: be thoughtful. Emmy university has already signed up to work

804
00:40:43,280 --> 00:40:46,520
Speaker 1: on the plan. They were so impressed with what we

805
00:40:46,520 --> 00:40:50,800
Speaker 1: were doing. Their economics department said, this is a great plan. We,

806
00:40:51,040 --> 00:40:53,640
Speaker 1: along with the clock Atlanta University Business School, will work

807
00:40:53,719 --> 00:40:56,360
Speaker 1: the builders out for six months between now in the

808
00:40:56,400 --> 00:40:59,319
Speaker 1: whole global forum in December, where we have another version

809
00:40:59,360 --> 00:41:01,560
Speaker 1: of the plan and everybody gets to participate in that.

810
00:41:01,640 --> 00:41:04,080
Speaker 1: Everybody but the one hundred delegates will get to participate

811
00:41:04,200 --> 00:41:07,040
Speaker 1: and help to shape the plan. So what's going to

812
00:41:07,040 --> 00:41:09,759
Speaker 1: be announced at the meeting is going to the framework

813
00:41:10,520 --> 00:41:12,279
Speaker 1: of the business plan. I talked a little bit about

814
00:41:13,080 --> 00:41:17,360
Speaker 1: that today I mentioned there's seven and fifty billion available

815
00:41:17,560 --> 00:41:19,600
Speaker 1: just for black This is the Black American plan through

816
00:41:19,640 --> 00:41:22,040
Speaker 1: credit score increases. We can do that ourselves. I'm doing

817
00:41:22,080 --> 00:41:24,719
Speaker 1: that at Operation Hope Creasing. Increasing credit score is fifty

818
00:41:24,719 --> 00:41:27,560
Speaker 1: to one hundred points. By the way, don't pay anybody

819
00:41:27,600 --> 00:41:29,360
Speaker 1: to raise your credits that you don't need that. We

820
00:41:29,440 --> 00:41:32,080
Speaker 1: do it for free. You can be a homeowner. Forty

821
00:41:32,120 --> 00:41:34,840
Speaker 1: four percent of Black people own a home, compared to

822
00:41:34,880 --> 00:41:37,440
Speaker 1: seventy five percent of our white counterparts. The number one

823
00:41:37,480 --> 00:41:41,560
Speaker 1: way you build wealth in America is homeownership. Brothers be

824
00:41:41,640 --> 00:41:47,160
Speaker 1: talking about oh job, Brian always talking about owner a home.

825
00:41:47,480 --> 00:41:50,200
Speaker 1: I don't own the home. The bank owns a home.

826
00:41:51,160 --> 00:41:55,719
Speaker 1: If you don't pay. In fact, if you don't pay,

827
00:41:55,760 --> 00:41:58,279
Speaker 1: if I own the home, if I loan you the money,

828
00:41:58,320 --> 00:42:01,040
Speaker 1: I'm on own the home. Like capitalism, we've got to

829
00:42:01,040 --> 00:42:04,440
Speaker 1: stop being emotional. Also man like capitalism is a gladiator sport.

830
00:42:05,120 --> 00:42:09,960
Speaker 1: Here's capitalism. This is a table. You're on one side, DJMIV,

831
00:42:10,080 --> 00:42:13,640
Speaker 1: I'm on the other. You're you're the capitalist, I'm the consumer.

832
00:42:14,200 --> 00:42:16,960
Speaker 1: Your job is to extract as much money from me

833
00:42:17,320 --> 00:42:21,799
Speaker 1: while giving me the least. My job is to pay

834
00:42:21,880 --> 00:42:26,040
Speaker 1: you the least while getting the most. This is my job,

835
00:42:26,440 --> 00:42:30,040
Speaker 1: and that is your job. And every successful negotiation is

836
00:42:30,080 --> 00:42:34,680
Speaker 1: where everybody leaves it slightly annoyed. That's a success. You know,

837
00:42:34,760 --> 00:42:36,680
Speaker 1: you've been in real estate. You know that to be true.

838
00:42:37,360 --> 00:42:39,719
Speaker 1: If somebody's too happy and somebody's too sad, somebody got

839
00:42:39,800 --> 00:42:43,799
Speaker 1: messed over. That's going into a car dealership in the hood. Right.

840
00:42:44,520 --> 00:42:47,319
Speaker 1: So it always drives me nuts when I hear these

841
00:42:47,400 --> 00:42:50,840
Speaker 1: artists talking about, oh, oh these I'm gonna go to

842
00:42:50,920 --> 00:42:54,719
Speaker 1: some taboo areas. Oh these jews in music business, they

843
00:42:54,840 --> 00:42:57,200
Speaker 1: robbing us. First of all, you weren't saying that when

844
00:42:57,239 --> 00:42:59,279
Speaker 1: you when they gave you a record contract. And this

845
00:42:59,360 --> 00:43:01,759
Speaker 1: is not the clans man, this is not this is

846
00:43:01,840 --> 00:43:04,480
Speaker 1: not nobody forced you to side a contract. You should

847
00:43:04,520 --> 00:43:09,120
Speaker 1: have got your attorney. It's that that person's job is

848
00:43:09,200 --> 00:43:13,560
Speaker 1: to negotiate the best possible deal for themselves. Their job

849
00:43:13,640 --> 00:43:15,640
Speaker 1: is not to give you anything. Their job is to

850
00:43:15,719 --> 00:43:18,319
Speaker 1: take every dollar they can off that table. Your job

851
00:43:18,840 --> 00:43:23,279
Speaker 1: is to read your contract and negotiating. And I don't

852
00:43:23,280 --> 00:43:24,799
Speaker 1: want to I just want to do music. Well, you're

853
00:43:24,800 --> 00:43:29,680
Speaker 1: about to get robbed. Quincy Jones told me God rest

854
00:43:29,760 --> 00:43:31,760
Speaker 1: his soul if you think you're in the music business

855
00:43:32,480 --> 00:43:34,840
Speaker 1: and you don't own music rights, publishing rights, or licensing

856
00:43:34,920 --> 00:43:36,360
Speaker 1: rights or some kind of rights. You're not in the

857
00:43:36,440 --> 00:43:40,960
Speaker 1: music business. You're a temporary performer. It's a music business.

858
00:43:41,680 --> 00:43:43,960
Speaker 1: It's the business of music. So your job is to

859
00:43:44,000 --> 00:43:47,200
Speaker 1: go to an attorney and read the contract, hab it reviewed,

860
00:43:47,360 --> 00:43:51,920
Speaker 1: come back with changes, redline notices. Charlemagne reads his contracts.

861
00:43:51,960 --> 00:43:54,759
Speaker 1: I know that. Go back, say no, I don't like

862
00:43:54,840 --> 00:43:56,640
Speaker 1: this part. I don't like that part. I don't want

863
00:43:56,680 --> 00:43:59,120
Speaker 1: that advance. That's a loan, that's what it is. It's

864
00:43:59,160 --> 00:44:02,480
Speaker 1: a loan negotiate. I want to do what they do

865
00:44:02,520 --> 00:44:04,719
Speaker 1: in the NFL. I want a signing bonus. I don't

866
00:44:04,760 --> 00:44:08,640
Speaker 1: want to loan renegotiate. But you can't come back four

867
00:44:08,719 --> 00:44:11,880
Speaker 1: years later because life didn't work out for you, and

868
00:44:12,000 --> 00:44:15,040
Speaker 1: then say you are racist all of a sudden. No, no, no, no,

869
00:44:15,160 --> 00:44:18,120
Speaker 1: that's a good negotiator. You should be applauding them. Actually,

870
00:44:18,520 --> 00:44:22,719
Speaker 1: they did their job. So I'm just trying to make

871
00:44:22,760 --> 00:44:24,719
Speaker 1: it plain like we have got to knock it off,

872
00:44:24,840 --> 00:44:27,800
Speaker 1: like we've got to when the rules are published in

873
00:44:27,880 --> 00:44:30,960
Speaker 1: the playing filler's level, we kill it. Look at you guys,

874
00:44:31,320 --> 00:44:33,480
Speaker 1: you're the biggest in the planet because you know what

875
00:44:33,560 --> 00:44:41,400
Speaker 1: you're doing. Sports, we kill it, the arts, entertainment, music,

876
00:44:41,480 --> 00:44:48,160
Speaker 1: we kill it. Faith, we kill it. Politics, even President

877
00:44:48,200 --> 00:44:51,520
Speaker 1: of the United States, we kill it. Obama, we went

878
00:44:51,560 --> 00:44:53,640
Speaker 1: to the top of the mark. Why can we do

879
00:44:53,680 --> 00:44:59,080
Speaker 1: it in capitalism? I mean, I'm just asking. It's not

880
00:44:59,160 --> 00:45:02,000
Speaker 1: like we did it ried and it didn't work. That's

881
00:45:02,000 --> 00:45:03,880
Speaker 1: why I started out with these numbers about the government.

882
00:45:03,880 --> 00:45:08,440
Speaker 1: We've been obsessing about the government. We've been at this

883
00:45:08,560 --> 00:45:11,040
Speaker 1: trough for too long. They're kicking us out. We should

884
00:45:11,040 --> 00:45:13,840
Speaker 1: want to leave. They're kicking us out. That's what the

885
00:45:14,080 --> 00:45:16,400
Speaker 1: that's what's happening in Washington. But we should have left

886
00:45:16,440 --> 00:45:20,920
Speaker 1: forty years ago to build our own that part. That's right.

887
00:45:21,520 --> 00:45:24,879
Speaker 3: Well, today it's going to be a financial inclusion Dream

888
00:45:25,000 --> 00:45:26,399
Speaker 3: Forward is a virtual town hall.

889
00:45:26,440 --> 00:45:28,799
Speaker 4: And we appreciate you for joining us. Ways, brother, thank

890
00:45:28,840 --> 00:45:29,239
Speaker 4: you so much.

891
00:45:29,239 --> 00:45:29,560
Speaker 1: I love you.

892
00:45:29,719 --> 00:45:32,080
Speaker 2: And make sure you subscribe to John O'Brien's podcast, the

893
00:45:32,160 --> 00:45:35,000
Speaker 2: Money and Wealth Podcast on the blackfact IEARTVEO podcast network.

894
00:45:35,120 --> 00:45:36,200
Speaker 2: You can get information like this.

895
00:45:36,360 --> 00:45:38,160
Speaker 1: By the way, time is by the way, it's top

896
00:45:38,200 --> 00:45:40,920
Speaker 1: five percent of all podcasts. I was stunned. I was

897
00:45:40,960 --> 00:45:43,360
Speaker 1: looking at it last night. It's number thirty two on

898
00:45:43,440 --> 00:45:46,719
Speaker 1: the Entrepreneurship podcast for Everybody love It on Apple and

899
00:45:46,840 --> 00:45:50,120
Speaker 1: it's top five percent. So our people really do want

900
00:45:50,160 --> 00:45:52,680
Speaker 1: to know, like how does this stuff work? Like they

901
00:45:52,760 --> 00:45:55,440
Speaker 1: really do. I had eight hundred million video views in

902
00:45:55,480 --> 00:45:58,120
Speaker 1: two years. Now, that's nothing to you, guys, but I'm

903
00:45:58,160 --> 00:46:06,320
Speaker 1: talking about some boring talking for money. So every and

904
00:46:06,360 --> 00:46:08,719
Speaker 1: every week something hits a million views, one of my

905
00:46:08,880 --> 00:46:11,120
Speaker 1: videos gets and people like you used to look at

906
00:46:11,160 --> 00:46:13,279
Speaker 1: it and it's like two thousand years, eight thousand years,

907
00:46:13,360 --> 00:46:15,880
Speaker 1: ten thousand years. People are people want to know how

908
00:46:15,920 --> 00:46:18,120
Speaker 1: this game worked. Tell me how this stuff works, Joan,

909
00:46:18,920 --> 00:46:22,360
Speaker 1: But no one's broke it down to him. They I

910
00:46:22,400 --> 00:46:24,640
Speaker 1: don't know. I don't know what to see successful people.

911
00:46:26,040 --> 00:46:27,880
Speaker 1: I can't figure it out. I don't know if we're hiding.

912
00:46:27,920 --> 00:46:30,200
Speaker 1: I don't know if they're afraid. I don't I don't

913
00:46:30,200 --> 00:46:32,080
Speaker 1: know what it is. They want to keep it all

914
00:46:32,120 --> 00:46:32,719
Speaker 1: to themselves.

915
00:46:33,680 --> 00:46:35,560
Speaker 2: I was in, Uh, I can't And John's giving it

916
00:46:35,600 --> 00:46:37,880
Speaker 2: to people, not selling it to people. What a difference.

917
00:46:37,960 --> 00:46:39,719
Speaker 1: What did jay Z say, I'm giving you? His four

918
00:46:39,760 --> 00:46:42,560
Speaker 1: four four album was a financial literacy album. We're talking

919
00:46:42,560 --> 00:46:44,800
Speaker 1: to him about the way about a partnership with financial literacy.

920
00:46:44,840 --> 00:46:46,440
Speaker 1: He said, I'm giving you a million dollars or a

921
00:46:46,440 --> 00:46:48,320
Speaker 1: game for nine ninety nine. I'm giving you for no.

922
00:46:48,520 --> 00:46:51,439
Speaker 1: Ninety nine. I was at this meeting, which I can't

923
00:46:51,440 --> 00:46:53,040
Speaker 1: say what the meeting was, but it was a very

924
00:46:53,160 --> 00:46:58,520
Speaker 1: meeting of billionaires in Florida early last year, and I

925
00:46:58,560 --> 00:47:04,680
Speaker 1: couldn't figure out, why are these wealthy people we're discouraging

926
00:47:04,760 --> 00:47:09,759
Speaker 1: home ownership. I'm in this meeting and they don't. They

927
00:47:09,800 --> 00:47:12,719
Speaker 1: want everybody to rent, and they're trying to tell me

928
00:47:13,000 --> 00:47:15,200
Speaker 1: that people don't want to rent anymore. And I'm like, well,

929
00:47:15,560 --> 00:47:17,879
Speaker 1: you know, I was born at night, but not last night.

930
00:47:18,000 --> 00:47:21,080
Speaker 1: Like I read the newspaper and I read report and

931
00:47:21,120 --> 00:47:23,160
Speaker 1: I got data, and my data says that most people

932
00:47:23,239 --> 00:47:26,160
Speaker 1: actually want to own a home, they don't know how to.

933
00:47:26,719 --> 00:47:28,799
Speaker 1: And I think I figured it out because it makes

934
00:47:28,920 --> 00:47:30,839
Speaker 1: no sense to me that my rich friends would tell

935
00:47:30,840 --> 00:47:33,840
Speaker 1: you not to own a home, own a home. The

936
00:47:33,960 --> 00:47:36,759
Speaker 1: rich people telling you not to own a home, own

937
00:47:36,840 --> 00:47:42,280
Speaker 1: probably three by the way, this might be an interest,

938
00:47:42,360 --> 00:47:44,239
Speaker 1: by the way, it's just capitalism. I don't I'm not

939
00:47:44,400 --> 00:47:46,560
Speaker 1: I'm not hating them. When you think about uber Left,

940
00:47:46,640 --> 00:47:48,279
Speaker 1: I know. By the way, we partner with Uber. I

941
00:47:48,360 --> 00:47:51,040
Speaker 1: love I love Dana the dire of the guy who's

942
00:47:51,080 --> 00:47:55,719
Speaker 1: CEO that's renting you a ride. You can rent an

943
00:47:55,840 --> 00:47:59,120
Speaker 1: RV help me out here, you can rent, you can rent,

944
00:47:59,160 --> 00:48:01,640
Speaker 1: dang there anything. Now, it could be that people are saying,

945
00:48:01,640 --> 00:48:03,040
Speaker 1: you know what, we're gonna own all the houses and

946
00:48:03,160 --> 00:48:06,640
Speaker 1: all the assets. Y'all just rent, Just rent your life.

947
00:48:07,200 --> 00:48:10,880
Speaker 1: You know your generation, you just want to we'll have fun. Fine,

948
00:48:10,920 --> 00:48:12,560
Speaker 1: if you want to be ignorant. Sorry, if you want

949
00:48:12,600 --> 00:48:19,160
Speaker 1: to be cool, you gon rent your life. We'll own it.

950
00:48:19,280 --> 00:48:21,359
Speaker 1: We'll take care. Don't worry about it. We'll take care

951
00:48:21,400 --> 00:48:24,440
Speaker 1: of it. By the way, I'm a landlord, but I

952
00:48:24,560 --> 00:48:26,279
Speaker 1: want you to move from rent to own. I don't

953
00:48:26,320 --> 00:48:28,120
Speaker 1: want you staying with me forever. I don't want you

954
00:48:28,200 --> 00:48:31,880
Speaker 1: working in McDonald's for your entire life. I would say Walmart.

955
00:48:31,920 --> 00:48:33,640
Speaker 1: But by the way, do you know that if you're

956
00:48:33,680 --> 00:48:37,239
Speaker 1: a if you're a general manager of a Walmart, you're

957
00:48:37,280 --> 00:48:39,560
Speaker 1: making a million dollars a year. Did you know that?

958
00:48:45,080 --> 00:48:48,480
Speaker 1: That's stunning to me? It is. If you're working one

959
00:48:48,480 --> 00:48:52,560
Speaker 1: of these big box retailers, you're making as much as

960
00:48:52,560 --> 00:48:55,000
Speaker 1: a million all the year. I almost passed out this

961
00:48:55,200 --> 00:48:58,400
Speaker 1: opportunity everywhere. People have got to become obsessed with financial

962
00:48:58,480 --> 00:49:02,239
Speaker 1: literacy and AI Literateye, everything is going to change by

963
00:49:02,280 --> 00:49:05,880
Speaker 1: twenty fifth, twenty thirty, sorry, by the next five years.

964
00:49:06,680 --> 00:49:08,880
Speaker 1: If you got a high school education and you lazy,

965
00:49:09,640 --> 00:49:12,400
Speaker 1: and you chilling, you messed up, you toe up from

966
00:49:12,440 --> 00:49:15,880
Speaker 1: the flow up, this world's gonna leave you absolutely behind.

967
00:49:16,000 --> 00:49:18,120
Speaker 1: Van Jones will be at the meeting said that ninety

968
00:49:18,200 --> 00:49:20,040
Speaker 1: nine percent of white people Black people don't know a

969
00:49:20,120 --> 00:49:23,560
Speaker 1: thing about AI, but nine nine percent of white people

970
00:49:23,600 --> 00:49:27,640
Speaker 1: don't know a thing about AI either. This is mutual discrimination.

971
00:49:28,680 --> 00:49:31,359
Speaker 1: And if you're an accountant, your job might be gone

972
00:49:31,400 --> 00:49:32,840
Speaker 1: because AI is going to remove it. If you're in

973
00:49:32,880 --> 00:49:35,960
Speaker 1: an attorney, your job might be gone. But if you

974
00:49:36,040 --> 00:49:39,040
Speaker 1: can master artificial intelligence, everything's going to change. You want

975
00:49:39,080 --> 00:49:41,960
Speaker 1: to ride the horse of how AI accounting is going

976
00:49:42,040 --> 00:49:44,239
Speaker 1: to be next, or law's going to be next, or

977
00:49:44,800 --> 00:49:49,320
Speaker 1: what you've seen robotics and automation technology completely transform radio

978
00:49:49,840 --> 00:49:52,919
Speaker 1: and media. So this stuff is changing underneath our feet.

979
00:49:52,960 --> 00:49:57,479
Speaker 1: If you're working at a CVS or a grocery store,

980
00:49:57,880 --> 00:50:02,160
Speaker 1: you went into one five years, AG go ten counter

981
00:50:02,239 --> 00:50:05,120
Speaker 1: clerks at the rest of the grocery store, one tester

982
00:50:05,320 --> 00:50:08,919
Speaker 1: line for self checkout. Go to the same grocery store today,

983
00:50:10,400 --> 00:50:17,120
Speaker 1: ten self checkouts. One teller tell me, I'm lying. Go

984
00:50:17,200 --> 00:50:20,200
Speaker 1: to cb as a Walgreens. You might not see a

985
00:50:20,360 --> 00:50:22,880
Speaker 1: teller all at all. Go to the go to the

986
00:50:22,960 --> 00:50:26,160
Speaker 1: go to the airport, and go to the fast food restaurant.

987
00:50:27,200 --> 00:50:33,080
Speaker 1: It's a tablet. It's happening right in front of us.

988
00:50:33,239 --> 00:50:35,399
Speaker 1: Folks have got to be obsessed about what we're talking

989
00:50:35,440 --> 00:50:39,920
Speaker 1: about here. Your life literally depends on it. And if

990
00:50:39,960 --> 00:50:43,160
Speaker 1: we master this, this country can't survive without black and

991
00:50:43,239 --> 00:50:46,000
Speaker 1: brown people and women. God has a sense of humor.

992
00:50:46,040 --> 00:50:48,640
Speaker 1: I'm done. When I was here last I said this,

993
00:50:48,719 --> 00:50:52,920
Speaker 1: but I'm gonna double down. It's never been in the

994
00:50:53,040 --> 00:50:56,000
Speaker 1: history of the world. You cannot be a global economy.

995
00:50:56,040 --> 00:50:58,439
Speaker 1: You cannot be the world leader unless you're the economic leader.

996
00:50:58,560 --> 00:51:01,360
Speaker 1: There's never been a power that was in the economic

997
00:51:01,440 --> 00:51:05,840
Speaker 1: power at the same time. Rome, France, Germany, whoever it was, Britain.

998
00:51:06,960 --> 00:51:09,040
Speaker 1: We're the world leader with the economic leader. There's never

999
00:51:09,080 --> 00:51:14,200
Speaker 1: been a situation where relied on the northeast to sustain that. Ever,

1000
00:51:14,400 --> 00:51:19,200
Speaker 1: in nineteen fifty America was ninety percent white, not eighteen

1001
00:51:19,320 --> 00:51:25,319
Speaker 1: fifty nineteen fifty. America is down incredibly diverse, and there's

1002
00:51:25,360 --> 00:51:29,520
Speaker 1: not enough college educated, successful white men to drive GDP

1003
00:51:29,800 --> 00:51:33,960
Speaker 1: Gross domestic product for the next twenty years. There's just

1004
00:51:34,040 --> 00:51:35,680
Speaker 1: not enough of them. I want every one of them

1005
00:51:35,719 --> 00:51:40,640
Speaker 1: to be successful, there's just not enough of them. So,

1006
00:51:40,760 --> 00:51:43,480
Speaker 1: unless we want to be speaking Mandarin in twenty years,

1007
00:51:46,080 --> 00:51:48,160
Speaker 1: my rich friends eat, my poor friends do better, if

1008
00:51:48,200 --> 00:51:53,200
Speaker 1: only to stay rich. They actually need us. I'm gonna

1009
00:51:53,200 --> 00:51:57,600
Speaker 1: say something real crazy. Even the Klansmen, even the racist,

1010
00:51:57,800 --> 00:52:03,520
Speaker 1: the most racist white person you've ever met, succeeds when

1011
00:52:03,560 --> 00:52:06,040
Speaker 1: we do well.

1012
00:52:06,120 --> 00:52:10,600
Speaker 3: Today, tune into Dream Forward, a virtual town hall on

1013
00:52:10,800 --> 00:52:13,200
Speaker 3: financial inclusion, and we appreciate you for joining us.

1014
00:52:13,360 --> 00:52:14,000
Speaker 2: Operation Hope.

1015
00:52:14,040 --> 00:52:14,560
Speaker 1: Thank you, John.

1016
00:52:14,680 --> 00:52:17,120
Speaker 4: It's John Hope. Brian, It's the Breakfast Club. Good morning.

1017
00:52:17,480 --> 00:52:20,680
Speaker 1: Wake that ass up in the morning. Breakfast Club.