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00:00 Fatty at the front, Adam Curry. It's Thursday, October 1st, 2026. This is your award-winning Gimo Nation Media Assassination episode 1908. This is No Agenda. Coming to you from the heart of the Texas Hill Country right here in Fredericksburg, Texas. We got a really big show for you because, of course, it is the best podcast in the universe. Yet another brand new name in our list of guest co-hosts coming up in less than 90 seconds. The one, the only Mr. DH Unplugged, Andrew Horowitz. In the morning, Slaves, the podfathers in the chair. And today on the other mic, he brought his calculator.

00:48 Andrew Horowitz, he walks in common situation. The disciplined investor with his charts already ready. He reads the bed like comics. He knows where the money has to tell you what the bond is while Adam deconstructs the lies. No stumble on the Qno Dead Aaron Streams. Keeping up with Curry like he's always on the team. He got the skills to pay the bills. He brings the facts and figures. The market man is on the land. The numbers just get bigger. Brunetti tried Calicanus, crowded, couldn't hold a line. But Horowitz, he's got a nail. No agenda prime time. Callicanis came to pitch you on a startup in a dream. Two hours in, he's still not done. He's talking to the stream. Brunetti brought the energy. We love him. That's for sure. But Andrew brought a balance sheet and had him on it more. He knows the drop.

01:31 He knows the bell. He knows to let it breathe. He donated value back. That's how you earn your own sleeve. He's got the skills to pay the bills. He brings the facts and figures. The market man is on the land. The numbers just getting bigger. Brunetti tried Calicanus crowd. He couldn't hold a line. But Horowitzy got a nail. No agenda. Prime time. Ladies and gentlemen, a guest host who raised the ticker and room. Andrew Horowitz in the morning. Yeah. That's some of that super intelligence for you. Wow. We love our guest co-hosts here at the No Agenda Show. That has put a big smile on my face. Like I tell you something. This is so much bigger.

02:14 This studio, this impressive. I mean, the New Agenda studio, I didn't realize it was this kind of. And the green room? The green room? How did you know that I liked peppermint tea and angel food cake before I got on the air? I mean, this is this is this is star treatment. This star treatment. Ladies and gentlemen, Andrew Horowitz from The Disciplined Investor and DH Unplugged. This is like Ghostbusters. The streams are crossing. Anything could happen in the next three hours. Anything could go wrong. Anything might go wrong. Andrew, how you doing, brother? In the morning to you. I am great.

02:49 In the morning to you, sir. The best podcast in the universe. Glad to be here. You know, people, we got to talk a little bit about you because sure people know who you are, but a lot of people may not who are just tuning in. We've known each other for probably 15, 16 years. And you knew John maybe even a little bit longer than that, right? Yeah, I think John and I would have had our 18th year on DH Unplugged, and it was from way back in the days of Leo Laporte, Twit, and all that. And then I met him and I met you. We saw, you and I met each other in London once. Yeah, in London, right? I remember that. And then I had that show going on, and we had all this crossover between John and then I was doing something with you and Ron that I don't think ever worked out.

03:35 But no, no, no, no, wait, wait, wait, what? What? I don't remember. What were we doing? Did we? I was in your office. No, I remember you in the office, but then I remember like, I just talked to Bloom. I can't deal with this. And I don't think anything came of it, did it? That's pretty much what I'm saying. Pretty much that's what happened. I mean, Bloom missed a fantastic opportunity. It was, you know, it was early days. Let's be honest. It was early days. None of us knew exactly what was going on with all this. Right. I got into the podcasting because I wrote my first book, The Disciplined Investor, Essential Strategies for Success. And my publisher says, you know, I have a great idea. This back in 2007. I have a great idea. I'm like, what's that? They said, you should do a podcast. And I said, what the fuck is a podcast? That's what I said. Wait a minute.

04:19 Who was this? This was a very modern publisher. Who was it? This was Harcourt, I guess it was for the first one. Oh, okay. Nice. So, yeah, it was amazing. And then actually, I went out to Cupertino and Cupertino, they helped me with setting up my really grand system with GarageBand. Yeah. Oh, what a nightmare that must have been for you. Yes. And did that and then ran the first one. I think the first Disciplined Investor podcast first episode was March 2007. So now coming up on 20 years of that episode. And then about, I don't know, eight months later or so, I think it was right after No Agenda. John and I, after knowing each other, each other a bit, said, Let's do this. Well, he said something. You know the story up there, right?

05:04 Well, I know exactly how that went. John went, Hey, I should stick close to this guy. He might give me some good stock tips. Coel him into a podcast. That's probably what he was thinking. We were talking during the financial crisis, and I remember so distinctly. I think I told you this once before. I was walking around my pool in my backyard, and I'm like freaking out. And somehow, John and I started talking once a week for about an hour for whatever reason. And he was on his flip phone or whatever. And I'm talking to him. And somewhere halfway between a sentence on one of the calls, he said, You know, a lot of people would really like listening to this. Let's do a podcast. I'm like, who? That's who wants to listen to this? That's how the best podcasts start.

05:46 They start as people having a conversation and deciding to hit record. It's absolutely true. It's so true. Now, what people don't know is you've been a radio guy for a long time, predating all of this stuff. Yes, that's true. I had the Money Doctor show with Andrew Horowitz. The Money Doctor. Hello. Wait, hold on a second. Hello. Is this the Money Doctor? I need some help with my finances all messed up. Can you help me, Mr. Money Doctor? That's pretty much how it went. And it was funny. My show, this was a paid-for thing on 7:40 a.m., whatever radio. It's the big 7:40 a.m. Ladies and gentlemen, here is the Money Doctor.

06:27 Andrew Horowitz, and I had, I was very nasal at the time. I talked like this, and I didn't know how to project yet with a decent microphone. And what was interesting was all the other shows that I was going to say. Wait a minute, wait a minute. Wait a minute. Did it go like this? And we'll be right back after this message. Gold. That's right. You need gold in your portfolio. I'm telling you, that was it, right? Was that it? It was worse. It was worse. And I got to remember the name of this. My sponsor was an arthritic shoe company. Oh, a Medicare scam. Okay. That they sent me these things to wear, those ones, those and I wore them because I said, listen, if I'm going to advertise these things, I got to seriously wear these things.

07:09 Comfortable as could be. The ones that are oversized, it looks like you have a club foot. Comfortable. Very comfortable. They were called SAS shoes. That's what it was. SAS shoes. And I would wear them as I was on the air. I'm like, look, I'm wearing the shoes right now. They're very comfortable. I had to do a host read on this thing. And they paid me like $3.50 a show or $300 a show or $300 a month or whatever it was. Whatever. So, and then I was the only show that actually got calls. All these other shows, what happened was all these other shows were constantly promoting themselves. And I decided way back when I'm not going to promote. I'm just going to educate. And let's see how this goes.

07:48 And what happened was that when I gave away the phone number, the phone bank with the producer on the other side of the window at the radio station would all of a sudden show me that, you know, give me a number. Four lines are lit or whatever it was. I remember being there a couple of hours before and sometimes an hour after to the other shows that were there. Never got a call. And these guys were so pissed off at me. I can imagine. The money doctor. It's a good one. It's a good one. The money doctor. Well, and now you're a successful money manager in Florida. Have you always lived in Florida, actually? I don't know. Are you a Floridian by nature? No, you're from New York, aren't you? New York. No, I came from New York, man. So I came from New York. I'm a Long Island boy.

08:29 Yeah, Long Island. Yes. I came, I lived out in Comac, came down here in 87. I was 22 years old. And I moved down here with three women. Two of which I was about to say, there must have been a woman involved in this movie. There was three. I came down here, decided, well, I didn't want to live in New York through the snow and the horrible weather. I said, you know, let me do this early go look somewhere. So I went out to California for a week. I was in Malibu. I was in LA. And by the end of the week, I said, I don't recall talking with anyone out there that had a brain. I don't think I could stay there. So I came down to Florida because everybody said to me, you know, when I retire, I'm going to go to Florida.

09:12 I'm like, what am I waiting for? Why am I going to wait until I'm like agent? Retire now. Yeah, why not? So I came down here. It was not the Fort Lauderdale that it was now back then. That was spring break for Lauderdale. Oh, yeah. Oh, yeah. Where the boys are. Good times. Yeah. Playa. Playa Horowitz. Exactly. So I lived with two of the girls. One was an Eastern Airlines pilot. One was a waitress. And the other person was starting a beeper company that moved from California down to Florida. Was she a Mossad beeper company? What kind of beeper company? No, she wasn't. It was one of those things where you remember the beepers where you got a beep and you had to go to a payphone to make a call? Sure, of course. I had one. Of course. Yeah. And then it elevated to the one that had the numbers on.

09:54 on it, or you could put some kind of weird messages if you knew how to spell numbers or just do 911. Always nine one, yeah, yeah, exactly. So she did that, and then uh, yeah, so then uh, I met my first wife that lasted for a very short period of time. Oh, I didn't know you were married previously, I was, she was 11 years my senior. Oh, yeah, yeah, and uh, it was all about a bet in the office. You know, somebody, I said, Look at oh my gosh, she's cute. My friend in the office said, There's no way you're in her league. I said, 50 bucks 50 bucks cost me a lot more than 50 bucks. I hear you, I hear you. So then I met Jill, of course, uh, and we have three kids, uh, twin girls, and uh, and a young fine man.

10:41 Yeah, and we've we've been on a hangout with you guys, and we love Jill and we love you. Uh, I think the last time we saw each other, I had sun poisoning. You took you took us to the yacht club, and I'm like, I got to go home. Yeah, it was paying well, yeah. So, Adam, just to let anybody know, if you haven't seen him, he's a little fair. He was outside, maybe in Florida for maybe 10 minutes, but he got sun poisoning. It was and was like, I think I'll just have clam chowda. Well, we got to get together again. It's been far too long. It has, yeah. Well, you know, you always want us to go on cruises. We're like, no, we're not going on the cruise. Here's Andrew. Hey, I got a great idea. This is a great gig, an 80s cruise.

11:22 I'm like, are you out of your ever-loving mind? I'm not going to go on an 80s cruise with a bunch of 60-year-olds who want me to sign their boobs. Like, no, no, we're not going to do that. All right. Okay. I get that. I get that. I tried to actually hook you up to get paid for that cruise. That's what I was trying to do. Oh, no. Listen, I get these offers a lot, but I can't. It's just, no, it would be so depressing. I don't go to certain concerts. Last time I was at a yes concert, I was in the concert, and Rick Wakeman, the keyboardist, puts on spectacles. You know, he puts on readers. And I'm like, oh, my God. Then I turn around. I'm like, who are all these old people in the audience? And you're the youngest. Is that what it was? I was pretty much the same age, I think. Yeah. That was the problem.

12:06 So we talk from time to time and we chat. And it's usually, you're much better than that than I am. You know, you'll call up. Tina actually has a retirement fund with you and she loves you for it. She's like, Andrew's making me money. And you're always like, hey, should we have a call? Tina's like, no. Just keep on going. Just keep on going. It's fine. Everything's good. And, but you're just a lovely guy. And you were actually the first person I spoke to after Mimi after John passed. You were the first one that still hurts. Yeah. Still hurts. Yeah. So DH unplugged, which has kind of been a crossover promotional mechanism with no agenda.

12:46 Obviously, you did that with John for many, many years. And now you're continuing with JC with John Estevorak with the junior. How's that going? Yeah, which S sands for son of John Devork. Yes, it does. It's going surprisingly well. Yeah. You know, he's a much different character. He is a highly intellectual thinker. John was a slow. John was brilliant, right? We know that. Yeah. But he was a thoughtful thinking about few word, very pointed, and that's all you needed, right? Yeah. And then, and he would say, that sounds like bull crap. Yeah, yeah.

13:30 Thoughtful. John's son is, John's son is very technically inclined. A lot of times I'm talking to him and I'm like, I think I need to put that on half speed. I don't exactly know what just happened. But he's great. No, he's great. And he's really, he's really brought a lot and a change. And we have a new newsletter. He's working on a new website and all sorts of things. And, you know, right now the audience seems to like what we're doing. So I'm really happy about that. Oh, good. Are you doing video now too, which is a little different for the show? Yeah, we do video, but we do the video really for short take. So we record the whole show with video, which we have. But then we use short take videos for promotions on Instagram, Twitter, things like that.

14:12 Oh, you got a whole machine going there. Yeah, it's a production. Speaking of Instagram, the No Agenda account hit 5,000 followers. And that means that there is now a picture published of John's. Well, it's said of John's office. I don't know if you saw this picture. It went out in the news or two. I did see it. A little bit of a letdown. It's like, I want to see the reverse angle. Like, I get the desk and all that. And that's fun to look at and zoom in on, but I want to see what's in the background, man. Where's the pile of cans? You know, there's a lot of stuff that I feel we should be allowed to see. I want to see the clock. closet door that's being propped up with two by fours to keep it closed.

14:54 Exactly. Exactly. Oh, man. Oh, man. Well, I'm so happy that you actually called me and said, I want to do the show. I'm like, okay, a good idea. Yep. And you have all these great guys. You have Bernetti, you have Calicanis, Calicanis, which I need to, Jason, if you're listening, I sent you a couple of emails. Please get back to the show. You got to DM him on Twitter. That's the only way. He doesn't respond to me. Which means he has to follow me. If he doesn't follow me, I can't do that. So I got to figure that out. I'll connect you. I'll connect you. I'll connect you on X, man. I got you. There you go. He was on the show, The Discipline Investor, back in 2008. When he was just gaining his popularity. Yeah. And now he's all over the place.

15:36 These are very, very, you know, these co-guest hosts have been incredibly polarizing. So, first of all, the AI songs, 70% love it. 30% hate it with such a passion. Oh, they email me. I'm unsubscribing from the show. I'm like, dude, you can hit the fast-forward button with two taps. Yeah, I get two taps of unsubscribed from the show. It's like people go out of their mind about this stuff. And I think it's actually kind of cute. You know, it's gotten to the point where, you know, it's all about the lyrics, I guess.

16:14 I mean, the music. This is just what it is. This is the future. I mean, things are going to change that we haven't even thought of yet. I mean, we have a song. Here, I have a song. Can I play you a song that was done by AI for us? Yeah, sure. So I think this will work. Basically, I had a listener. I said, look, I was all over the tariff thing, you know, back last year. And I'm like, I won't play the whole thing. Let's do this. Well, I woke up this morning, check the price of steel. Look at my bottom line. Don't know how to feel. Yeah, baby. Tariffs keep rising. Costs out of control.

16:56 I'm trying to sell my goods, but it's taken. Take up the chorus. All these tariffs they're giving me. Got to snap a little bit. Yeah, baby. Trade won't be. Anyway. Well, I thought it was a good production. Well, interesting you bring that up. I was going to start with something else. We'll come back to that, though. But I mentioned to John months ago about the 232 tariffs. And I said, you know, the 232 tariffs is, that's the stealth that's going on. All these other tariffs everyone's bitching and moaning about, they're irrelevant. And the way I read these 232 tariffs was: instead of paying a percentage of tariff over the percentage of steel in anything imported into the United States, you now had to pay the full whack over

17:47 the full price of whatever had steel in it. So that's cars and washing machines, and you name it. And that's exactly what came to fruition yesterday with the Patriot pellets. Have you been following the Patriot pellets? I have not. What are the Patriot pellets? Oh, the Patriot pellets. Oh, well, listen to this. Once completed, Masabi Metallic's new steel plant will produce 10 million tons of steel per year using iron ore from the companies Minnesota and mine. And Minnesota has, I will tell you, they maybe have a lousy governor, but they have great iron ore. They have one of the worst governors in history, a real stupid guy, but they do have good iron ore, which is more important, I guess.

18:31 But it's the first new iron ore mine in the United States in more than 50 years with the highest quality. Or, in other words, this steel will be mined, melted, and made right here in the USA, which is something very unusual. The project is expected to create up to 6,000 new construction jobs, nearly 2,000 manufacturing and mining jobs, and add another $95 billion to the U.S. economy, which is the number one economy in the world by far. We have the best economy we've ever had. We're building $21 trillion worth of plants and others. Now I think we can add this to it.

19:09 I'm not even including this. But this is a tremendous investment. And it's going to be over the next 10 years using advanced steel-making technology. The plant will produce some of the highest quality, most affordable steel anywhere in the world. They're going to be making it here and using it here and also shipping it outside and do very well. So the president made a deal with RS Technologies. I think there's an Indian company or an Indian owner for sure. And it's now the numbers all over the place, of course. It's either 50%. 15 billion or 18 billion.

19:46 They're going to reopen the mine in Minnesota, and they're going to take the ore from there and then ship it downriver to Iowa. And that's where this plant is going to be built. And this was all co-financed by the, I want to say it's, they had some government, they've been setting up these government funds all over the place where you can borrow money from the government, which I think this should be a podcaster money borrowing fund. And so here's Luttnick, and of course, he was part of the deal. Okay, so these are your 232 tariffs, the steel tariffs at work. Without those tariffs, this mine doesn't get built, and this steel plant does not get built.

20:29 Two and a half billion dollar iron ore mine. It does iron ore pellets, right? And where do we get those pellets from now? We get them primarily from Brazil. So we are beholden to Brazil to build our steel in America because the input is coming from outside the country. So now we are unleashing the iron range in Minnesota, which is the greatest, as the chairman said, the greatest set of iron in the world is right here in America. We're going to these gentlemen to my right from SR, they're doing a fantastic job. $2.5 billion for the mine. And then you go right down the Mississippi to Iowa, right?

21:09 Where they're going to build a $15 billion integrated steel plant, which will create steel at the same price they make it and import it from China. This is competitive. If you do it all here, you don't ship it from around the world, you don't buy it from other people. This is exactly your plan. This is exactly why you're doing it because you're driving steel to America. The gentleman to our right from SR are fantastic. This is great for Iowa. It's great for Minnesota. This is your plan, living it out in America, building $17.5 billion investment, bringing steel, which protects our national security, home to America.

21:54 Well done. Yeah. So I agree with this. This is good. I mean, we close. Anytime. Anytime, Howard Lundick, we can bring steel back home. Oh, that guy is so irritating. He almost sounds like song lyrics, you know. You should put him through the AI. Here's the SR guy. Thank you, Mr. President, for bringing back the importance of building things in America. Yes, thank you very much. Well, I was born in India. I went to high school in New York, college in Boston, and did my MBA in California. Well, you know, hold on, hold on. Obviously, this is he's not just giving his resume.

22:34 He has to say this because everybody that's listening is like, wait, wait, wait, wait. We're going to do H-1B. What is this? Yeah, so everybody's going to freak out. Sorry. Yeah, no, you're absolutely right. I spent half my life here, so announcing this investment today is a great honor and a true homecoming for me. My family and I spend a lot of time in Minnesota, where we are investing $3 billion to build the first new mine in America in 50 years. We will be producing the Patriot Pellet very soon. Patriot Pellet! Which will be amongst the highest quality iron ore pellets in the world. I love that. With the new steel complex in Iowa, we will complete the fully integrated American supply chain from mine to mill.

23:10 American ore carried on American railroads to an American steel plant powered by American Energy, built and operated by an incredibly hardworking and talented American workforce. Mr. President, this plant will use the latest technology and will compete head-to-head with any steel plant in the world on size, quality, and on cost. This project writes the next chapter for our company and our family, and it is your policy and your leadership, Mr. President, that it made this possible. Thank you, sir. There you go. Now, of course, you didn't hear about it because, you know, there's a million other important things going on in the world. Like, I don't know. There's a lot of people. Well, can I just talk to you about something about this? Can we continue with this for a second?

23:51 Yeah, sure. So, Prashant Rui, Rav Ruia, Rajiv Agawal, Panak Kara, Deepak Mashwara. What do they all have in common? They are all in the steel industry. They're all the directors of SR, or managing directors or the hydrogen power CEO. Sure. Or all these guys. And they're all the. They're bringing the money. Yeah. So isn't it interesting that I was involved so close to the midterms? Well, hello. This is what you do, of course. This is clearly what you do. Just again, just to continue the reality check of what we're talking about.

24:30 Oh, well, of course. And if you listen to the local media in Iowa, well, well, you know. President Trump stood in the Oval Office yesterday. and announced what he called a done deal, a $15 billion steel plant in Lee County. But tonight, TV6 Investigates has found the administration's claims about the project don't match reality on the ground. Investigative reporter Matt Christensen has been digging into land records, permits, and the fine prints. Well, what do we say, Matt? It's billed as a game changer for Iowa's economy. Backers say the plant will produce 10 million tons of steel by 2030. Patriot Pellets. To make Iowa the nation's number two steel producer.

25:11 Masabi Metallics, the India-based company behind the plan, says it would create 5,000 to 6,000 construction jobs and about 1,700 permanent Iowa jobs. However, in the White House on Monday, Commerce Secretary Howard Lutnick and President Trump described a project that's already moving. No, I think this deal's done. This deal's done. They've already worked it out. That's why we're all together with the president. The president doesn't bring people together unless it's a done deal. You guys know that already. Already started building. That's not true. TV6 Investigates reviewed Lee County land records. We found no major property purchases tied to the project this year. County officials say they don't have details from the company about its plans, and no permits have been filed.

25:53 Oh, well, there you go. You know, this is what's great about audio, by the way. You know, we have a guy that's on there saying it's not true. You know, the ability to listen to the way people speak and their intonations versus having to watch it. I mean, that guy definitely had a nasal problem. Yeah. Yes, for sure. Not to mention the fact, by the way, that North American leader in Patriot Pellets or in Pellets is Cleveland Cliffs, a U.S. firm. Clearly, in Brazil, there are leaders there as well. Valle is one of them, but we have other producers around the world, Bahrain, Sweden, all sorts of places. So the idea that we're buying only from and the context.

26:32 Hold on from them. Is that the pellets? Pellets? Pellets? Where do we get the Cleveland Cliffs? Cleveland Cliffs is the largest producer of iron ore pellets in North America. But that's not Patriot pellets. That's Cleveland Clumps. It's very different. They're very different products. Got to write that one down. Yeah, you need a bell on that. Where's the bell? Ring a bell on that one. Cleveland Clumps. But this is, you know, what you do here, the whole thing of what you're doing, and what's great about this, and what's great about the people that are just not reporting the news is that the deconstruction part, or it's not just for the entertainment value, as I see it. It's for the education value. Oh, sure. You look at what Hassett talks about, right? So tomorrow, a big day is coming out.

27:15 You have the jobs number. The Bureau of Labor Statistics is before you go there. Let me just talk about the inflation numbers with you. Okay. So it's the PCE. What does that stand for? PCE? PCE is the personal consumption, personal consumption expenditures. Okay. So the PCE numbers, like, wow, this is great. It's three-tenths lower. Who expected it? We didn't know. Come to find they used a whole new way of calculating the numbers going back to 2021. Yes. They already knew this. John and I, we talk about this all the time. There's a movie that Jerry Lewis had called Don't Raise the Bridge, Lower the Water. And this is kind of what happens.

27:59 If you don't like the statistical results, what you do is you change the methodology. There's a website called Shadowstat. JohnWilliams.com. Yep. You know, right? John Williams, an old guy. He was supposed to be on the show recently. Something's going on with his eyesight or something. He keeps the methodology identical from what it was back in 1980 for a lot of his various series. So the inflation series, you'll see where it is. If we followed the inflation series back to that point, I don't know. We're somewhere at like a 10% inflation rate right now. But since they didn't like the fact that the rental, the real estate pricing, the real estate pricing they used, and they don't want to use that, and they take it out. And my favorite is when they say X-food and energy.

28:42 Inflation, X-Fuel, and Energy. Core inflation. Because we don't drink. We don't eat. No, we don't need to eat. So, okay. So it's obviously, it is clearly, clearly a scam. But the jobs numbers, and I guess you probably, yes, you have clips. So the jobs numbers, my problem with that is it's completely unreliable because in a month from now, they're like, you know, the jobs numbers, we're restating them. You know, it was either over or under. It's like they're always restating them. This is this, I don't understand how that works. Don't they just have a database and outpops the number?

29:21 Why is it always being restated other than for investment scam purposes? Oh, investment scam or political benefit of making it look good. I think they have a really outdated model. They use some birth and death models for things like businesses and employment. employment. Some of the ways they use it, like ADP uses payroll numbers, which seems like a way to do it for me. You've got the payroll companies around the world, around the country that are doing this. When it comes to the government, which just by their very nature, they're inept. Yeah. The ability to collect this data is somehow very difficult. It's a timely timeless issue, and they're very bad at it. Well, why don't we just ask Facebook?

30:02 Ask Meta. They'll tell you who has a job and who doesn't. I mean, it seems very easy to get all that information. They can't do it. And then they even go so far as once a year doing a seasonal adjustment, readjusting. We had like an 800 or 900,000 job differential a few months ago that was lower than the expectation was, but they bury that, right? And this is how it goes. The market, if the market doesn't know, it's all about the market. Yeah. If the market doesn't know something happened a year ago, right? Something terrible happens, but the market doesn't know. They don't react. And then when they come out with that, they have their ability to release the information now because

30:46 we could unsteal that. Here's the thing. You're clearly on the inside because, you know, you're making Tina's numbers grow bigger than it would in the bank. So clearly, you've got an inside track. Or what is your formula? The formula is. We go out and we hit them in the mouth. I do. I hit them in the mouth, all these economists. I hit them in the mouth. It is to be skeptical, understand that this information is usable, but it is not necessarily investable and understand the bigger picture of what people are doing. The psychology of money, the behavioral finance part of all this is really the backbone.

31:28 It's taken me, by the way, many years to figure this out because at first it's like, oh, we got a bad employment number, sell everything. You're like, we got the golden cross. We're above the 50-day moving average, Jack. Get out. Get out. Get in. You know, it'd be every day you'd be moving back and forth. The thing is that I think with the time that I've looked at all of this and understanding, by the way, that the government has a desire to keep things going no matter what, no matter how many trillions of dollars they're going to backstop this with and ruin our economy, ruin the country, ruin the debt, ruin the dollar. And everybody has a vested interest, including the company. So we have to understand.

32:09 One time I was in, brings me back to a story. One time I was in Costa Rica and I was with Jill and we were riding around. I was with five chicks in Costa Rica. Yeah. I was with Jill and we're riding a horse. It was bareback, actually. We had the sisters. So you're barebacking Jill on a horse. I was. I got you. Okay. I'm with you. And she's on a horse. I'm on a horse. I had to be as my guide. It's like the Jack Palance of Costa Rica. Okay. We're going around this mountain. It's a very thin path. And Jill is freaking out. She says to me, The horse, the horse, I'm getting off the horse. The horse is going to fall off the mountain. And I said, Look, the horse doesn't want to fall off the mountain just as badly as you don't want to fall off the mountain.

32:49 Hang on to the horse. It's the same thing with these markets. You know, hang on. Because I know Jill. I can just see her like, Andrew, Andrew, get a horse. So now I say it's the same thing with investing. You hold on to the horse. The markets, the companies don't want to go down. The government doesn't want it to go down. The investors don't want to go down. That doesn't mean it always goes up and you got to watch for those signals. You got to watch for when it's going to be a problem time. Where when, for example, in March, what I saw was happening last March, we pulled out a lot of our, what's called duration. We moved our bond holdings much differently, seeing that there was going to be an inflationary environment.

33:30 And that saved us all that downstroke where we're seeing the 30-year bond is the highest it's been today. It turned around a little bit, but highest it was since 2002. It's not helping the mortgage market, the real estate market. And, you know, all the things that we've discussed on DH and Plug with circular financing of companies and all that stuff that I've been harping on for the last six months, we kind of make sure to stay away from that or move somewhere else to benefit. So you have to, it's like tea leaves in a way. And maybe only certain people can read those. I don't know. I'm not saying I'm the best by far, not the best, but you have to understand that there is a lot of, there's a lot of static that comes across with all of these readings from the economic reports and even from corporate earnings reports.

34:20 I know for a fact. Oh, dude, I remember, let me just tell you a story. When we had Think No Ideas, it was public. This is the first company I had with Ron Bloom. And so we had an analyst from, I think, the underwriter. And, you know, the analyst is there to provide coverage. And it was some Indian dude. He was a nice enough guy, but we just go in there and we just say, oh, man, we're doing so great with our advanced network analysis language, the locally managed network operating protocol. It's all, it's really so, and he'd be writing this down, anal LMNOP, you know. And he would provide guidance. Oh, these guys are going to knock it out of the park. It was stupid. It was completely stupid.

35:05 It meant nothing. And I know for a fact that there are a lot of the presidents, vice presidents, CEOs that during their commentary on their earnings call, which is live, are watching their stocks and how it's moving. And then readjusting, like another paper comes out and goes in. Oh, don't talk about that. And all of a sudden, how's this in the ear? How's the stock? How's the stockhouse?com's moving up on that. Keep on that one. Keep on that pitch. Stay on that. Yep. Oh, wow. Let's play these jobs clips to set it up. What do you got? So this is the process. So this is the job. Again, tomorrow's a number coming out, but this is Kevin Hassett, which I've always said, again, if you listen on DHA Plug, a very man with an ill-fitting shirt.

35:48 He's a total nerd. He's a total nerd. He doesn't look very clued in, honestly. No, he looks like a he's something out of, he looks like he could be Janet Yellen's son. You know that round? You know, he looks like, and I think he's the chairman of the president's economic advisory board, I think. Is that the that's who he is? Yeah. You ever watch Ted Lasso? Yeah. So the guy Higgins, who's the office manager of the football club? Okay, I go with that. That's what Hassett looks like and acts like to me, like this little scaredy cat guy.

36:24 He's in books and he comes out and goes, oh, yeah, everything's great. He's fantastic. So he comes out because he gets that morning after CNBC and Bloomberg and all these guys, they go to him. He's the Council Economic Advisors. They go standing on the White House lawn, usually. Right. So here's the July numbers that come out and his commentary. The Council Director Kevin Hassett on the decline of thousands of jobs in July. Oh, is this C-SPAN? It sounds like C-SPAN. That's good, according to the latest jobs report. We'll also hear him address concerns about the impact of the U.S.-Iran war on the American economy. This is just under 10 minutes. Yeah, C-SPAN for sure.

37:05 Tight, Andrew. Tight clip. Thank you. Thank you. Well, where is it? Here it comes. I'm hearing noise. Here he goes. Where is this? I don't know. I don't know. This is the clip. Oh, that's awesome. What's the jerky this is? This is out of. Are all your clips out of phase? I don't think so. Hold on. Let me see if I can fix that. Wait, what is that? What's happening? I don't know. All I'm hearing is background. Hey, guys. Oh, until I start getting overheated. I said I'd take a few questions. Oh, there he is. We'll see how long I can handle this. This shouldn't be that long. This should be a clip trade. Thanks a lot, Kevin. What do you make of the new numbers as it relates to the labor department's employment numbers?

37:48 Some negative growth as it relates to employment. Right. Well, first of all, the momentum in the economy continues to be strong. We see durable goods orders, capital spending through the roof. People aren't being laid off. Initial claims for unemployment insurance are about the lowest they've had since World War II. And so when you see a number like that, it seems like it's dissonant. Okay. All right. So this is him denying and not talking about durable goods for some reason versus the whole thing, right? And talking about all sorts of items and aberrations. That was the July one, right? And goes there. Then he comes into August and I don't know what's about to happen when you play this, but it looks better.

38:29 The waveform looks better. It should be awesome. He goes into August when there's a better number out, right? So, and then he starts with this. We're all kind of bracing for maybe a softer number after ADP, after some of the Joltz hiring rates figures earlier in the week. What do you think flip the switch? Well, you know, last time we talked about how there was a bad number, but a lot of it was sort of seasonal stuff with teachers. So I was saying, I was kind of expecting a pretty good number because I thought there'd be a bounce back on that. But this number was way, way better than I expected. And it wasn't just me. We went back and looked and 77 people posted their forecast at Bloomberg, and this blew past everybody.

39:08 So this number was above anybody's forecast. And by a lot, it was four standard deviations above the mean. And so it's a really blockbuster number. And then when you're trying to say, well, why did it happen? If you dig down, then what you can see is that there's a lot of policy success underneath it all. And so capital spending is through the roof. It's getting set to about double since President Trump took office relative to GDP. And you're seeing the construction of factories through the roof. So employment, one of the most interesting things to me in the data is that since President Trump took office, employment for people who are building factories has gone up by 90,000.

39:45 So think about how many future jobs that's going to create. And so I think. Yeah, well, I mean, first of all, there was a 100% one-year write-off of all capital expenditures. So it seems like they spiked the numbers with that. Well, the massive swings in the timing of school years between July and August, local government education payrolls actually crashed by 58,000 in July, but all came back in August. He doesn't talk about that. Oh, okay, because everyone's off. I got you. Right. And then July distortions, the World Cup, there's a whole thing there. They were reversed. It was weird hiring that went on with restaurants and things like that during the World Cup.

40:23 That was in the early summer, not discussed as it was a huge impact. And then if you actually look deeper into all of this, but what's interesting was that LinkedIn indeed hiring, they talked about a spike representing isolated rebound from earlier summer weakness rather than a shifting long-term trend. So the first one he comes in discusses not labor, but the durable goods orders. Okay. Right. The second one, pat on the back, policy. Oh my God, Trump is doing a great job. We have it licked. That was, and discount the whole old one. So that's this. This is the kind of setup that you get. You have to know what to listen to and who to listen to. And so what do you take away from this? What is yours? It's all crap.

41:08 Okay. Let me invest on that. By the way, you're going to be competing now with every Snot Nose with a Robinhood account now that they're going to have AI trading in Robinhood. Have you been following that? Of course. I mean, we've looked into this idea as well. Listen, back years ago, I tried to set up neurolinguistic blah, blah, blah. It works until you push the live button. It always works on historical data. See, my app would have completely made me a billionaire on this historical data. And then you do it on real data. And it's like, what? What does that happen? I'm telling you, I spent months working on things. And as soon as I click the switch, I'm like, wait, is that, what does that sound? What is it? That's my wallet trading.

41:53 That's what my sound is. Yeah, exactly. Or like, what? They just had a secondary offering? What happened to my stock? It's the AI side of it. What's going to end up happening is that everybody's going to jump on board with this, and you're going to see AIs fighting AIs. No different than we've had beforehand with algorithm trading, algorithmic trading. That's a big thing. Computers trading now, the idea that we could hold up a certain part of the market while selling off another one to make liquidation happen, but yet not hurt the index. Thereby, I can trade underneath, hold index or options on the index, and hold my position while I'm liquidating on the other side.

42:32 There's all sorts of fun things that happen in this market. But no matter what we say for the next, however, long discussion today, the market in the world is one of the single best creators of wealth there is. So we have to remember that. No, there you go. There you go. As much as we may hate it. Who needs Patriot pellets when you got Horowitz and Fort Lauderdale? Yeah, there you go. There's also, I mean, but again, I'm always looking for where the BS is. So there's big concern about the higher cost of capital, right?

43:11 And that's going to hit our talk about. And I'll just translate. That means borrowing money. Borrowing money is much more difficult. Housing prices are still elevated. Can I play some clips here? Sure. I've got two here from CNBC. This was an analyst about people's savings. In the last three or four years, values have deteriorated with the rise of interest rates. And I think values, depending on the property type, could be as much as 50% in some, but on average, I'd say about 20% loss of value. He's talking about commercial real estate. Now, where that is playing into the business is the fact that this guy's very dynamic.

43:54 I'm sorry. There's a wall of free financing that has to be done. The number I saw was about $750 billion in the next two years. That's kind of crazy. Does that scare you? If I had debt, I would be petrified. If I had debt, I'd be petrified. But the extend and pretend party is over. and banks are being more aggressive about either selling off the loans or trying to dispose of the assets one way or the other. And so for ownership, the truth is that we kind of the rubber hit the road now, and there's going to be a lot of opportunities and also a lot of heartache as a result of this.

44:43 So that's commercial, but now the individual. A lot of people are focused on affordability and how they're paying for everything. And your report has an increasing number of households that are supporting their spending by drawing on their investments. Tell me a little bit about that. That's right. I think a lot of people have the sense that with the stock market going up so much, it must have something to do with consumer spending. But a lot of people don't have a sense of exactly what households are doing. Families like yours, families like mine. And that's one of the really distinctive features of our data: it lets us really see in a granular way what's happening with everyday households.

45:20 And so what we did was we looked at investment accounts to see how much money was coming out of those investment accounts going into checking accounts where people can spend that money as a way to get a lens on this question. We found two really interesting things. One, the frequency in which people are pulling money out and the amount of money coming out of those accounts to fund that spending has gone up nearly doubled really since 2019 to 2026. And then two, we found there's some really important differences in terms of like who's getting that money, who's using that money. This is a phenomenon that's most pronounced for older families and people with higher incomes. So is this people taking money off the table or are they just trying to survive?

46:04 Look, I haven't seen it. There's the other discussion that you have, how many trillions of dollars of cash sitting on the sidelines. So this idea that people are pulling money out, people always pull money out, right? They have RMDs required to minimum distributions at age 73 that they have to start taking from their IRAs. People do things like they need a roof, right? Most people are much more invested today than they ever have been. So a lot of their money is tied up into their accounts. I don't know. I haven't seen it. I haven't seen any studies. I haven't seen it here of people like, hey, you know, I can't live. Sometimes people lose their jobs and they have to tap. But the other guy was talking about commercial real estate. That is a bigger issue.

46:46 That's been funded, leveraged by private credit. That really gets its mojo by low cost of capital, which is again lower interest rates. And everything is built upon these very fancy models that are done. It's built upon an interest rate of, let's say, 3%, 4%. You now have a 7% or 8% interest rate. You no longer can make the money that you've made before. And those private credit deals that are out there, they're now coming to maturity. They're usually short term. After a build, we'll do a bridge finance. We'll do something to maybe a makeover deal. And now that usually lasts four to seven years, something like that. Well, here's four to seven years has come up and now they need to refinance for something and nobody's out there willing to do it.

47:31 Or they're not willing to come in for less than, let's say, 9%. And this whole deal was predicated on a 4% interest rate to make any money. So things are clamped down in some areas. That's probably why Besson came out recently with his Buffalo Besson. Buffalo, with his very big bad bond buying blunder, which is. Yeah, that didn't do much, did it? No. As a matter of fact, when he did that, I said, bad move, man, because when the treasury comes at that level, saying, I'm the house, don't bet against us.

48:10 That's crisis talk. So now, since then, his $6 billion of monthly buying has done absolutely nothing. He gives the counterfactual. He says there's a counterfactual argument. What's the counterfactual? How much worse would it have been if I didn't do it? Job saved or created. Exactly. Wow. Okay. Oh, interesting. Well, I mean, obviously, solution, we're just going to tokenize everything. I'm going to tokenize this podcast. Everything will be a token. You can trade on the No Agenda Show right there in your Robinhood app. Everything's tokenized, $900 trillion worth of assets. That's going to keep us going for at least another 15 years.

48:51 It's interesting because the Robinhood is trying to tokenize a lot of equities. And really, that goes to be supposedly they're saying it's going to be fully backed and held by actual equities behind the token. Oh, at the DCCCC, whatever that thing is. Yeah, but if that's a scam. If you're doing that, why are you doing that? Right. If you're going to do that, if you're going to back it fully by the actual stock. Yeah. Just buy the stock. I mean, I don't, why do we have to do something different here? It's kind of weird. I want to just, I've been looking at the quad screen all morning. We'll come back to some financial stuff. But the quad screen all morning, the BBC has had story after story after story, non-stop.

49:33 And it's one story, and this is it. We start with breaking news this now coming in from the United States, where there is uncertainty over the outcome of an execution in the state of Tennessee. Death row prisoner Krista Pike was given two lethal injections after the U.S. Supreme Court cleared the way for her to become the first woman executed in Tennessee in more than 200 years. But her current condition remains unclear. Prison officials have not announced a time of death, and her lawyer says she has been taken to hospital. Some of those who witnessed the execution have now spoken to reporters outside the prison describing what they saw and heard inside.

50:18 So they go on and on and on, and this is ridiculous, and America is crazy, and they're no good, and this is just an outrage. I'm like, well, maybe, maybe, maybe the BBC in the UK could actually help us. Strangely, these days, I use my stethoscope more to determine if someone has no heartbeat. Dr. Konya Troughton has administered lethal doses to hundreds of patients. She says MAID is working well in Canada. We need to hire this lady, obviously. There we go. Target through there. Okay. And then I'd secure it in place. Injecting the drugs means it usually takes only a few minutes to die.

51:00 Why can't we get this lady and her protocol? It seems like that's a slam dunk. BBC. Yeah, I have a clip on this as well. Oh, you do? What do you got? Yeah, it's all at the end. Botched execution. So this was a female, only woman in Tennessee death row ever. Ever. And failed twice at the lethal injection. Overnight, a failed execution in a case that's grabbed national attention. Nothing about today was normal, typical, at all. Krista Pike, the only woman on Tennessee's death row, surviving two lethal injection attempts. Pike now being treated at a nearby hospital, according to her attorneys, who say they do not know her condition.

51:41 Journalists who witnessed the attempted execution described Pike snoring and complaining about pain. I covered all the executions last year. That's horrible. And most of the ones this year, we haven't seen anything like it. It went really poorly. Pike, now 50, has spent nearly three decades on death row after being convicted of torturing and murdering a classmate, Colleen Slemmer, in 1995 when Pike was 18 years old. She would have been the first woman put to death in Tennessee in over 200 years. Now, my thinking on this is if you survive it, you should be go.

52:20 You're free to get it. Palace compresso. Palace compresso. You know what that is? No. This is when the emperors would throw the people in the Coliseum and they'd fight to the death. And people, a lot of people think when the thumbs up goes up, they live, right? No. No, no, when the thumb goes up, that's actually the opposite. Oh. The opposite means symbolizes an uplifted sword. Oh, it means that make it swift. The victorious gladiator should execute the loser. We're hiding the thumb for mercy is, what is it called? Palace compreso. Oh, where's this despair the gladiator? So I don't know. My vote, if I was emperor here, I got a hidden thumb.

53:02 Let her live. Let her go. She suffered. And especially because she was... This is a tough woman snoring through a lethal lethal injection. I mean, that's outrageous. That's outrageous. Yeah. So the world is, well, at least the world is looking at something other than the other job going on. We got to do the breaking news. Breaking news, breaking news. Nobody knows anything. Sources have been very clear in saying this was an altercation, a violent incident between pilots, then prompted an emergency signal. I want to take you through the timeline here. That just after we saw the aircraft dropping, and this is really dramatic from an altitude of around 34,000 feet to 16,500 feet in just under two minutes, which happened at around 1.20 a.m.

53:49 Eastern, then an emergency signal was sent out at 1.32 a.m. Israeli officials said this was not a hijacking, so that's really important because there were initial concerns when that emergency signal was sent out. This was a violent incident between the pilots. And then this was so seriously taken. of course, because the entire region is dealing with just so much tension, that the Israeli prime minister and defense minister held a security consultation. Israeli fighter jets signals were scrambled because of this. And then if we look at flight radar data, flight takes all from Dubai, then when it's over Saudi airspace, this is when eventually it starts diverting.

54:32 It's now landed, according to Fly Dubai, in Tabuk. Quite important here that Fly Dubai has not confirmed that this was indeed a violent incident between the pilots. This reporting drives me nuts. It was from 30,000 to 16,000 in two minutes, 33,000 to 16,000 in 30 seconds. It was a hijacking. They were squawking 7,500, but they weren't. 7,700, the pilots were fighting. They weren't. There was a knife. It was this, it was that. ABC has a different version. Israeli Prime Minister Netanyahu now says a pilot on a Fly Dubai flight stabbed another pilot and tried to crash the plane.

55:12 No video from inside the plane shows the moments the altitude dropped. You can hear passengers asking what's happening. The plane eventually landed safely in Saudi Arabia. And now Israeli officials are working to get passengers back home safely. And of course, trying to piece together what happened here. Chief Foreign Correspondent Ian Panel has the details for us. Ian, what's the latest on this investigation? Yeah, Diane, I mean, I think it is increasingly looking like a terrorist incident. That's certainly what Israel is calling it right now. As we start to get more and more details about what took place, here's what we know right now: flight from Dubai to Tel Aviv making a sudden diversion after issuing emergency distress signals.

55:51 Minutes after a general alert, it then sends an emergency warning of a possible unlawful interference or hijacking, as you say. Prime Minister Nassan Yahoo is saying that one pilot stabbed the other and tried to crash the plane. As the Fly Dubai craft was about an hour from landing, it suddenly suffered this rapid descent, plunging from 34 to 16,000 feet in three minutes. This makes a big difference. 34 to 16,000 in two minutes or three minutes makes a big difference what your rate of descent is. Clearly. And nobody, you know, this is ADS-B data, which is, you know, it's a generally good indicator, but it's not telling you, it's not giving you second by second.

56:36 So, you know, if this thing was going down at 6,000 feet per minute, you're not rushing forward to anything. You're plastered against the ceiling if you're not buckled in. So this story is all over the map. There's all kinds of it's because nobody knows anything, really. I mean, I heard that, first of all, how to get a knife in there, right? I heard the emergency axe. It's called the crash axe. Yeah, you got the crash axe in the cockpit. But if you want, okay, this is a Boeing 737 MAX 8. If you want to crash the plane, there's easier ways than stabbing the pilot. You just lean back in your chair, you cut the engines, put your feet on the yoke, press it forward.

57:17 Good luck. And there was a story that it was saved by a man who ran into the cabin, which you would think the cabin door was open. And then they finished a story that I heard was, and he was a plumber. Oh, yeah. No, this story is great. It gets even better. Citizens of Israel. This morning there was a highly severe security incident on a flight from Dubai to Israel. Almost all the passengers on the flight were Israelis. During the flight, as they approached the country, one of the pilots stabbed the other pilot. He apparently tried to crash the plane with its passengers. I spoke with one of the Israeli passengers. He told me that the plane entered a tailspin and began to dive.

58:00 No, okay. Tailspin? Now we're in a tailspin. Wow. No, you're not in a tailspin. This is not happening. Let's hear from President Trump, who spoke to Bibi himself. I did speak to Bibi Netanyahu at length about this event. And it seems as though the co-pilot was perhaps a terrorist or perhaps a whack job. A whack job. The pilot was in very bad shape. And I guess he still is in very bad shape. But he had the sense to amazing to, in a way, he was a hero to open the door.

58:42 You know, those doors are solid steel. You can't get them open from outside. Yeah, the early reporting, you know, the passengers broke down the door. No, you're not. It's pure steel. It has to be open from the inside. It's the distance from either pilot's seat to open the door. You can do it just by leaning back, basically, and opening the door. And I guess that's what happened. But again, nobody knows anything. He was able to fall back and. and get the door open and scream. And a plumber, an Israeli plumber. Plumber. Never flew a plane. He was really in planes. Very rarely flew. Here you go. An Israeli plumber saw what was happening.

59:19 And having never flown a plane, he took the stick, lifted it up, and leveled out the plane before it crashed. I love the technical analysis of our president. He took the stick. Okay. No, there's no stick. It could be. It's not a side yoke. It's a yoke. It's a yoke. It's not a stick. But okay, Mr. President. Now, this is a story that I heard. I don't know if it's true. Good. I'm glad he said that bit at least. Thank you. Thank you. That's the story that I got from BB and from a couple of probably earlier. I don't know if you've heard that story yet. I think it's an amazing. So a plumber never flew a plane, strong guy, lift him up, throw him back.

1:00:02 The crowd was, they knew they were going to die shortly because of the G-forces, but they were able to hold him. Yeah, okay. The magical G-forces went away. Sure. Because he was going crazy. And he was crazy. And this plumber, never having flown a plane, had the sense to lift a stick. Who was it? And you know, it's not like planes are different today. He used to have a little steering wheel. Today, he fly differently. Today is like a little steering wheel. And when asked why he did that, he said he watches that show Air Disasters. You know, the show is crazy. This is the best part. I never want to watch it because I watch it. I don't like watching it because bad things happen. But he said he watches it a lot.

1:00:47 And he learned from watching that show, sort of had a flight. All right. So, first of all, I have questions. First, I need to call Dana Brunetti. Attention, Dane Brunetti. Coming, coming, coming this fall. The plumber. Okay, we've got to do a movie about this guy. You get to have a plumber that could fly a plane and a pilot that could fix a toilet. That would be great. Same guy. It's perfect. Okay. I got a couple more clips, so go ahead with your questions. If there was how many pilots on the plane inside the cabin, well, two. Two. So you had two pilots. Just hear me out here. You get two pilots. One's the stabber, one's the stabby. One's bleeding profusely.

1:01:28 He's in bad shape. He was hit by an axe. The other one is the terrorist/slash crazy man, whatever. The plumber goes in and he picks up the stick and levels off the plane. Yeah. Who lands the plane? Oh, no, no. There were all these other pilots in the back. Oh, no. There were pilots on deadheads and all kinds of pilots hanging around. And they went in, they landed the plane. Yeah. That's good. Now, they show an aircraft with its rudder broken, which could happen in a tailspin. Yeah, that could happen in a tailspin. We'd have more pieces to look at.

1:02:08 But you don't necessarily need that to land the plane. In fact, you can do more with the engines than anything. But it seems the whole thing makes no sense. And I heard passengers saying, hey, I heard him say Alawaq Bar. Like, okay, maybe. But let's listen to Bibi Netanyahu. Maybe we'll get some more clues. Mr. Prime Minister, thank you very much for joining us tonight. Thank you. Good to be with you. This is a day that could have ended very differently. What do you know at this hour about exactly what happened? I think what happened is a tremendous act of heroism that prevented another 9-11 style. Oh, bring out the 9-11, 9-11-style. There you go. There's reasons he's doing this.

1:02:50 Crash of an entire airplane. What we know is that this plane that was heading from Dubai to Israel as they approached Israel, one of the co-pilots stabbed or hit with an axe. So now he has the axe bit. That's interesting. He's got the axe. Other pilot, an Indian pilot. And the pilot that was hit, bleeding profusely, fighting for his life, managed to unlock the pilot's door, but the plane was going into a nosedive. Now we're nosedive. So someone's talked to him, like, hey, Bibi, listen, man, you got to get this right. You can't say tailspin, okay?

1:03:29 Nosedive. All right, maybe. They heard the screaming. A passenger, an Israeli passenger, sitting in row 18, rushed to the through the G-force of 5 feet per minute. Yes. 18 is high. Yes. It's the lucky number. Yes. It is the lucky number. It is the special thing you give a gift of a multiple of 18. 36. little things you got to cash here. Oh, no, you did. Perfect. I was going to say it, but you nailed it. You had the height.

1:04:07 Yeah. And let's listen again how Netanyahu says that numbers isn't. He was going into a noisedive. When they heard the screaming, a passenger, an Israeli passenger, sitting in row 18. Oh, yeah, he's messaging it. Row 18. Hello. Hello. Hello. Chai. A noisedive. When they heard the screaming, a passenger, an Israeli passenger sitting in row 18 rushed to the cockpit, trying to open it. When the plane started to nosedive, he was thrown aside in that area where the stewards are.

1:04:45 The flight attendants are. And somehow he managed. There was a moment where I think they hit an air bump or something. Anyway, he had the opportunity. The tail broke off. He went through the door, bust through. He saw the pilot that attacked the other co-pilot between the two seats trying to jam the equipment. Now, this is another thing that bothers me. What is the mission of this guy to jam the equipment? I mean, so he's standing in between the console. What is he trying to do? Jam the equipment. It doesn't make any sense. What is there to jam?

1:05:27 Are you going to break the glass or try and rip the engine? If you're trying to kill everybody, then there's a lot of things you could have done. So maybe he wasn't trying to, maybe they got in a fight over something. Maybe he was trying to unscrew the spark plugs or something. The flight equipment. Obviously, it looks like he wanted to obviously bring the whole plane down. No, that's not obvious. That's the not obvious. Put him from behind, pulled him back, then unbelievably took the stick, pulled it back. This is not a pilot. This is a plumber. A plumber. This is what he does. I asked him, what do you do for a living?

1:06:07 Because I met him at the airport when he came. Then they all came back to Israel. And I said, what do you do for a living? And he said, well, I'm, you know, I unclog sewage clogs. And I said, well, you certainly unclogged a big one this time. Those politicians are funny. So here comes the real messaging. And regardless of what happened on this aircraft, and we won't know until we have cockpit data recorder, cockpit voice recorder, everything else is just conjecture. People have, I mean, oh my, the pilot forms are the worst right now. People are piling in. There's no analysis from anybody because we literally have no data. Just some ADSB publicly available data, which is leveled out, normalized.

1:06:53 You really don't know what the descent rate was. If what they're saying is true, it's amazing the plane didn't fall apart. When you're going 100 knots, 100 miles an hour, roughly, over your VNE velocity, never exceed. The plane should be falling. Maybe it was an Airbus. It might have melted. I don't know. So kudos to Boeing. But Bibi Netanyahu is along the same lines as Rahm Emmanuel. Never let a good crisis go to waste. That's exactly what I'm saying. Is there a specific fear? Do you have intelligence about a planned 9-11 style attack on Israel? Not a specific 9-11 attack. That is not the issue. The issue is

1:07:38 going back on what you said? Okay. First attacks against Israelis abroad in Israel and inside Israel itself. That's what I'm saying. Be afraid, be afraid. Indications that the Iranian proxies, Hamas and Hezbollah, in particular. Cower in place. Are planning attacks on us before the election? War coming. Ah, what? What did he say? What did he say? That the Iranian proxies, Hamas and Hezbollah in particular, are planning attacks on us before the election. Ah, there it is. Before the election on October 27th, which is going to be one of the most contended elections of his career.

1:08:19 And whether this is, some people say it's a false flag. I don't know. There seems to be a lot of evidence that something really happened. Was it some MK Ultra co-pilot? Because you can't come up with any other explanation for someone who wanted to hijack the plane in a 9-11 attack because you need to have it flying so you can't be dismantling it. Did you really want to crash it? Well, you could have done that without all the drama. So maybe, you know, you got someone to do something, someone. nutty. So, what BB not Yahoo's message is, is you really want to stick with the lion.

1:09:01 The lion is going to protect you because they're planning all kinds of stuff before the election. But I can't say specifically about airline hijacking. Obviously, that's now come into the roster, and we're going to look very carefully at that. What do you think this day's events say about the broader security situation in the world for Israel right now? Stick with me. Well, I think that we are aware of the fact that there is a very strong sense of danger that we have because we know that our enemies are targeting Israelis abroad. Right now, as we say, we're very much aware of it. We're doing what we can, but I think it's part of a larger picture. It's Iran's ultimate goal. What's with the laughter, Bibi? Why is that so funny?

1:09:45 I don't think it's very funny. We're very much aware of it. We're doing what we can, but I think it's part of a larger picture. It's Iran's ultimate goal to not only kill Israelis and destroy Israel. They chant death to Israel, death to America, but they call us the little Satan. And their real target is the big Satan. Oh, okay. So we have something to do with it. The big Satan is you. That's why they're trying to develop nuclear weapons and the means to deliver them to every city in the United States. It'll take them some time, but they're working on this. So I think that the fact that President Trump is tightening the economic blockade on Iran is very effective.

1:10:26 I think that's it's really bearing fruit. Okay, so what I hear is we got elections coming up. You really, you really want to stick with me because they're targeting Hamas and Hezbollah are targeting the Israelis before the election. And you got to stick with me because we may be the little Satan, but the big Satan is America. And I got Trump. He's going to protect us. But you want to stick with me. Stick with me. And by the way, people who are going to vote against me, people thought that this next clip was about America, but it's about Israel itself. And so the only way you're going to stop this is by destroying them. It's like the only way you got peace in Germany is by destroying the SS.

1:11:07 You didn't say, oh, well, we'll leave an enclave of the SS, and then we'll have peace. No, you destroyed this murderous regime, and then you got peace. We have to destroy this murderous regime of Hamas, and then we'll get peace. And Hamas, Hamas is being glorified on American networks and especially in social media. Yeah, and in your own backyard. The LGBTQ movement is very strong in Israel. You know, I have gays for Gaza. I liken it to, you know, chickens for KFC. These people shoot gays. They're the worst offenders of human rights on the planet.

1:11:48 What about people? What about the Homos for Hamas? What about them? I heard the lesbians of Lebanon. Come on. Come on, people. Good Jew jokes, Andrew. Thank you. I like that. It's just been taken in by this vast campaign of propaganda against Israel. Israel is fighting for civilization. Israel is fighting these barbarians. We fought shoulder to shoulder with the Americans against their patron, Iran. The head of the octopus, if you will. But we are committed to cutting off these tentacles that can threaten us and can kill a lot of Americans. And by the way, on that day of October 7th, they killed dozens and dozens of Americans.

1:12:28 Okay. Well, there you go. I mean, I think we know that this is a big political. I mean, obviously, anything that can and will be used to help my political career of some sort. And the idea of creating fear, that's nothing new. I mean, right now, this is being done by the AI companies. Well, not anymore, because President Trump took good care of that. Well, yes, he did. Well, he got the White House. He got the Accord. Come on. First of all, Andrew, no, come on now. Let's call it what it is. What is it? The super intelligence. Super intelligence. No. No, no, no. Can you play that clip called?

1:13:08 You have the SI intelligence. They love our country. They love the world. And they came together and they did something that few people really, it's almost like a constitution in a way. Almost anything. And the biggest people in the world signed that. And I signed it as president. And it really is a form of protection. It's not AI. That's the other thing. We've changed the name officially today. We've changed the name, Steve, officially to SI. Okay? Okay. SI, like SI, SI, instead of AI. You know, that means super intelligence.

1:13:50 So the name, I guess that's really quite an announcement because, but the name has been officially changed by the biggest, the smartest, the greatest people anywhere in the world at this. And I was with President Xi a few days ago, and he would admit, he said, these are the smartest people in the world at what is this a poor that everybody's signing? Is it binding in any way? I think it's morally binding. It's morally. It's great. It's fantastic. Hey, you should be happy. He's keeping the market alive, man. And you can't have this trade unwind. No, it's the SI intelligence. It's like the SI po-hum intelligence. It's a SI intelligence. We just got to change the name. If we change the name, it's all good.

1:14:33 You know, it's interesting because there's no guardrails, self-policing on this, and everybody's standing behind him. Yeah, yeah, shaking their head. Yeah, yeah. And do we trust any of these dudes that were in that discussion to behave morally? I'm not worried about this at all. Okay. I'm not worried about any of this at all. And that's because it's all marketing. You should know better. Of course, of course. This is all IPO marketing. Of course. But I'm saying that this discussion was so ridiculous that somebody would actually say that it's binding and we have a moral binding.

1:15:14 Well, it's marketing from Trump. Like, you know, I'm surprised Cal Cannis and I talked about this. I'm surprised they didn't call it Trump intelligence. That would have been even funnier. It's Trump intelligence. It's all of all of this, every single bit of it, is marketing for the IPO, and you should want that too, because if they're not successful with their IPOs, everything's going to come unraveling. And the worst part is the data centers because that's real estate. These are real estate investments. Everybody who invests money understands, they don't understand SI, but they understand

1:15:52 bricks and mortar. Okay, I got that. I'll put my money in that. We don't want that to unwind, and Trump doesn't want it to unwind. And I personally, I believe we are on the cusp of an outrageous, incredibly cool moment in time. I would go with super duper intelligence then. I mean, why stop? Why stop super? Let's just keep going. Super duper. But it's going to change everything. I agree. And I agree. I mean, like, really, you won't be buying software. You'll make, you know, you'll make stuff yourself. I mean, on tomorrow on Podcasting 2.0, I'm going to tell everybody, like, you're making a podcast app.

1:16:34 You should completely scrap your plans and start over. You know, make an agent for podcasts because that's what we're still podcast apps are still inboxes. Here's all my subjects, and here's my messages. You know, there's no agenda, and there's the no agenda messages. There's a DH unplugged, and there's DH unplugged messages. Now, my agent's going to say, Hey, you know, the new this week in Bitcoin dropped. Hey, you know, Chris is talking about this, this, and this. You want to listen to it? Or want to hear a clip real quick? And hey, there's another podcast that sounds just like it has some interesting other things. You want to listen to that? Shall I subscribe to that? Shall I tell you when it comes? I mean, all of this stuff is going to happen.

1:17:13 All of it. And that's just that. Your phone is just going to be a slab. Well, there's so many things that we can't even think about. Well, the thing is, understand it. You can. You are, people don't know this, but you're a maker. You program, you've done stuff, you've made models and trading things. Yep. So now you can just make it. You just say, here's an admission. As of last week, I bet you're using Grockbot. I'm using Grockbot. Some very, very super duper special person told me about that one. Oh, you mean your friend in Texas, the super duper intelligence guy? Yeah. That's him. But as of last week, I am the proud subscriber to, I think, five different

1:17:58 AI model or AI programs for different reasons. Just the basics. Yeah. So I'm just saying, I'm finally paying for everything. It was free for a while for this one, for that one. Now I'm paying 24 bucks a month for that. 30 bucks a month worth it. It was totally worth it. I can tell you, X, Facebook, Instagram, that's all going to change too. It's all going away. You'll be like, I got my own little Instagram with my buddies. I had my agent make it. But there's still a lot of fear out there. I mean, there's this hysteria about it. Because we're being told to be afraid we're all going to die. The children will never see snow. Come on. Play mass hysteria. But it's such a beautiful confluence

1:18:39 of the midterms and Republicans being all in data centers and the flock camp. cameras and Skynet and Terminator and all this stuff. And people are going out of their minds. But I look, I'm 62. You know, it's like, I know what I'm going to do with the rest of my years. I'm doing it for Jesus. But everyone else, young people, figure this stuff out. There's going to be so many opportunities. And I'm not talking about making some subset AI thing, but there'll be businesses. It'll make you more productive. Have you gotten Jill on any kind of bot?

1:19:18 You got to get her on Muse. Muse is phenomenal. I'm going to try that. She has been planning a trip to Malaysia that we're taking and utilizing primarily the bots to help us wind through. I was in Italy and I was in front of a cathedral. And I said, you know, it looks like to me, if you look at the top, it looks like the 12 apostles up there. I'm not sure exactly what this is. I couldn't make out exactly what was going on right from the front facade. I took a picture of it and I said, here's where I am. Can you explain this to me? Yeah, explain the whole thing to me. I mean, that's rudimentary. I get it. But recipes, I've made change bread recipes.

1:19:56 You're a chef. You're a chef. Let's just say you're a chef. Incredible. Incredible. But you got to think way broader than that. Of course. Of course. And then the tie-ins, I get in the office on a Monday. I get a list of special items that I need to make sure I focus on from the chat that ties into my Gmail. It gives me a full list of that. Every day we produce written like me with the stocks that we own, a full piece that comes back to me to make sure nothing slipped through the cracks that I didn't read. But it's about anything we own. Do you feel at any point threatened by these things you're using? No, not at all. No, of course not. It's a tool. Yeah, it's a tool. It's a phenomenal. But there's a lot of people, a lot of people out there freaking out.

1:20:39 Well, because they're being told to freak out. And the president is trying to call them down. He says, hey, you guys suck. Stop this nonsense. We can't have the world unraveling over this. It's going to screw our economy. What are the Mag 7 at this point of our GDP? 40%? Some outrageous amount? It's going to make, it's going to change things. And if you don't adapt, you're going to lose. It's just like buggy whips. But it's going to go really fast. I agree with that. It's going to be technology. And, you know, so I was talking to Pastor Jimmy, and we didn't talk about this. We do the show, we get to do this, but we didn't talk about this. So he texts me one morning, says, oh, man, like I can't put links on the, on the church web, on the church Facebook page.

1:21:21 And what are you talking about? He says, well, you can do two links a month and otherwise you have to pay. Yeah. So if you want four links, you got to pay $20. If you want eight links, you got to pay $40. Yeah, yeah. And I said, well, is this, what about the bridge church? He said, well, it's a business account. Okay. He says, but we're a nonprofit. I said, oh, stop right there. Just because you're a nonprofit doesn't mean you don't spend money or have money coming in. It's like there's lots of nonprofits that have to spend money on stuff. And Facebook is now charging you. So, you know, stop with the, oh, but we're a church. But you look into it. And the reason why they have to do this with these business accounts is because people are spinning up bots everywhere.

1:22:05 And the bots are, you know, passive, you know, posting massively, gaming the algorithm. So Facebook has to counter that. Well, what's going to happen is everyone in the church is going to have their own bot and that bot is going to get alerted by the church bot that there's something going on on Wednesday night. I mean, I can see this coming down Broadway. And people, you know, and seriously, I would dump my Microsoft stock. I would say Apple is a good one to hold. I'm going to give you some advice. You want some advice? Do you buy stocks and bonds? You want to be rich? I'm waiting an hour and a half already. I'm waiting 90 minutes. Do you want to leave your life or your wife rich? I'm going to tell you what to do, okay? Okay. Let me get a pen. So dump all of the software stocks, dump office.

1:22:48 I'm sure you're not in Microsoft anyway. Apple has a real shot because of the hardware they're making and the chips that they have for local AI models, but they're arrogant. So I wouldn't allocate too much into Apple because these are arrogant. A-holes. They charge too much for their hardware. AMD, AMD just bought this company that's putting a large language model on the chip. So it's going to be super fast, easy to run on your computer. You can't buy Hugging Face, NVIDIA. But NVIDIA, you probably should have bought that for the stock buyback, et cetera. And I've always, I'm not a fan of Meta, never been a fan.

1:23:29 But Zuckerberg, Zuckerberg figured it out. He figured it out with Muse, and he's going to cannibalize all of his other businesses for this because I. I've been using Muse now for a couple of weeks. I see what it's doing. I see how it integrates into your life. You know, I give it a lot of access, but not everything, but enough. And it is outstanding. And I think part of the let's let's just slow down, people, is because everyone started off with, look, I got Chat GPT, it's a chat button, which I hate. You know, oh, well, children are dying. Oh, this thing's not so good. Okay, committing suicide.

1:24:07 Well, we're doing enterprise now, code. It's all code, but it's all code, code, code. And then the enterprises went, wait a minute, I'm giving you all my business intelligence. I'm not so happy about that. So I'll develop with your frontier model from your lab, which is gobbledygook for dudes in cubicles. And I'm going to run it on some open source models over here on my own hardware. And then Zuckerberg flips the script and everyone saw exactly what he did. Like, holy crap, this guy has the audience. He can convert everybody to this stuff. And I mean, that podcast app example I gave, I actually built a version of that on Muse last night, sitting on the couch watching West Wing.

1:24:50 And so the capabilities that you'll have, that's the guy you want to go with. Everything else, no. I mean, it's all going to fall apart. I don't think websites will even be a thing anymore. Here's the new term: AEO, ask engine optimization. Oh. Yeah. Yeah. I got some Silicon Valley jargon for you. Look at that. I got that in my stand-up meeting with our EOS, which is Entrepreneurial Operating System. Oh, look at you. Wow. It's like garbage just is flowing from your lips. And yes, but these are real terms that are out there.

1:25:33 So it is going to be, I'm happy to be alive now because it's going to be an outrageous, amazing thing to witness. Now, is it going to be bad stuff? Oh, yeah. People are already using their AI to hack into their FSD full self-drive systems. There's going to be all kinds of mayhem. But when the internet came along, man, it was mayhem too. I remember, I'm never putting my credit card in the internet. Never going to do that, Ms. Crater. Amazon, short Amazon.

1:26:11 They're going to be the, oh, man, the trouble. Well, Amazon already said that they're not going to allow for Muse to work in there because they don't want the arbitration of the arbitrage of the using Muse to find cheaper rates either with them or with somewhere else. So my Muse bumped into this. I said, what can we do? Well, I can set up a tunnel into your computer and then I can go through your computer using one of your web browsers because they fingerprint everything and it'll look just like it's you. Okay, let's do that. Boom. It's doing stuff on Amazon for me. It's going around that. You can't stop this stuff. And by the way, maybe we get some healthy competition. The whole idea

1:26:54 of, you know, it is, in fact, the people's weapon against this dynamic pricing trend that we're seeing. Oh, that is something. As a matter of fact, there's some discussion about that. AOC was all shut up. She was all shut up about that. We haven't played AOC on this show in years. This is, wow, okay, Andrew, bringing the heat. This is something. Okay, here we go. You want to hear it? Yeah, of course. What the elite want, and they're already planning for it, is to hoard all of the resources for themselves as the world gets more and more physically unstable.

1:27:35 And in an environment of AI, they want to wipe out all of our livelihoods. They want to make sure none of us have jobs. And they want to keep all the spoils of those riches while consuming and burning energy at a pace that is completely unsustainable to make this worse. Because that makes so much sense. So ridiculous. Vote Democrat. Vote Democrat. Whatever you do. Don't vote Republican because they're going to kill you. Well, of course, this is great. The idea, the idea, the absurdity of the idea that she's in front of this more perfect university, students versus billionaires town hall.

1:28:18 And she is saying that the billionaires and all these places that you're paying money to and you're doing work for and all that want you eradicated because then they can profit more is so absurd. It makes this ridiculous. Makes no sense. Yeah, she goes on. AI systems. systems want it's SI, lady. Get it straight. It's SI. Didn't you read the morally binding agreement? AI systems want us to be dependent and outsource our cognition to a machine. What? I didn't hear you. My cognition is in the machine. And they want us to increasingly rely on

1:29:03 AI systems so that they can sell intelligence back to us. Well, since when is that new? This whole thing. First, vote Democrat. Start again. Just start for a second. Just start at the beginning for one second. Go from the top. The second clip? Okay, here we go. AI systems want us to be dependent and outsource our cognition. So she's saying basically, she uses the they. She's talking about the AI systems like as in they are alive and cooking already.

1:29:39 Like they are selling. She's making this sound like and creating this environment that is already a war between humans and AI. They're making decisions. They want this. They're smart. They want to keep you down. This is the same crap that she talks about with the Republicans, the rich, everybody else out there is trying to keep you down and you need to reach up. And obviously the end commentary is vote revolution. Well, but first, we always need the antidote because we're not going to stand for this. We're not going to stand for them, the AIs, trying to outsource our cognition. No. To resist, we must. We must. And we will much

1:30:25 about that be committed. Exactly, Reverend Al. We're going to resist. That made more sense. That made more sense. Both those clips. Third clip is the third one. Okay. Yeah, yeah. Your data. What? Someone clap for that? Oh, that's amazing. That's pretty crazy. Hold on a second. Let me go back here. So your data should belong to you. Woo! Oh, yeah. Oh, yeah. Yes, you. You. And it should not be. We need to understand these systems. AI, data, all of this are founded on theft.

1:31:06 They are stealing what is yours. Your face, your behaviors, your privacy. We have a right to privacy in the United States of America. And they are violating. Might as well get stickers up. You don't have the right. You do not have the right. You gave away the right. You signed the EULU. You decided that you wanted to have a free Facebook, a free Twitter, a free Instagram. You decided, and then you just don't like it. Well, and then we decided, you know what? Not only that, I am going to puke everything that I do, everyone I see, everything I buy, everything I like, onto a platform that they can just take and utilize to resell stuff to me.

1:31:49 And now we're pissed off about it. My data, my choice, baby. Yeah. So I'm telling you. So Musk actually addressed this at the little conference they had in the driveway. And he messed it up, too. And Mr. Musk has spoken about an age of abundance, which sounds lovely. But what about when you're- Trump's like, give this to Elon. Elon, I didn't see you back there. What are you doing? Elon, Elon, come on. Elon, go ahead. You could answer that question. Sorry, question was about an age of abundance. People looking at this will be worried, particularly laptop jobs. What are they going to do in the future?

1:32:31 What are we going to do? Well, I think it is worth highlighting the positive benefits of AI, which will SI. Whoops. Oh, come on. Save face real quick. Thank you. Super intelligence. I think by far the most likely outcome is an age of abundance, where we don't have just universal basic income. We have universal high income. There we go. There's the new one. Universal high income. But did you hear what he stepped on the stage? He said age of abundance question first. Yes. He knew what the answer was going to be where we, you know, that he, in other words, it was probably a softball throne. Oh, well, she, the lady even started with super intelligence SI, so she's all in.

1:33:14 Yeah. But I agree. This whole universal high income. Okay, whatever, Elon. And then he plays all sides of the fence. Like, you know, your robots are going to do this, whatever. You know, sure. But I personally have. having used this for the past 24 months, having taken my workload down significantly for this show, too, and for other things I'm doing, I'm able to do more because I have a human job, you know, and oh, oh, well, you know, I guess the AI is going to take over. Good luck. Good luck with taking over my job. You can't be as bad as I am. It'll be too perfect. It'll never be good. It'll never, you can't bake in humor. Can't do any of those things.

1:33:58 This is the equivalent, in a way, of a very rude, basic, crude discussion of the difference between using a sledgehammer to break a rock and utilizing a machine that will do the same thing. In other words, the task may be the same. Plate, if you don't mind, mass hysteria. Now, I'm doing this, by the way, for two reasons. One is in memory of John. This would have been a John clip that would have got him just so irritated. Tracy Foose joins us now. She's a psychiatrist and anxiety specialist. And, you know, if there's one thing I know about anxiety, Dr. Foose, it's that uncertainty can really feed it, right?

1:34:37 There is so much uncertainty around AI right now. And now you have these predictions that it could lead to the extinction of humans by the end of the decade. What is your advice on this? Here's the vocal fry of the decade. Strapping with this anxiety right now. Well, first of all, Pamela, thank you for having me on. This is such an important topic, but I love that you started with uncertainty. I love that you differentiated that anxiety is something we experience as an emotion when we're feeling uncertain about my feelings. And we contrast that with fear, which is what we feel when we know the threat is certain.

1:35:20 When we're at war, there's a pandemic and it's killing people we know. This is literally neuro-linguistic programming. You're listening to me because I'm going to tell you about the fear because I know you have fear because, you know, pandemic and pandemic and finance and your job and be afraid. Which is what we feel when we know the threat is certain. When we're at war, there's a pandemic and it's killing people we know and we could go next. AI is different. AI brings up so much uncertainty. And AI as a threat is something that we can't really distinguish.

1:35:57 Is this a threat? Is it not a threat? We're hearing so many different messages about the threatening nature of AI and also how AI could save humanity. Save humanity. I'm waiting for it to cure cancer. They keep promising that. Do you agree that John would have been all over that? Yeah. He would have checked out of this conversation 20 minutes ago. He'd be like, this is bull crap. It's just a database. It's a corpus. Yeah, yeah. One thing that I actually thought this was pretty cool was the America.gov. Oh, you don't like that?

1:36:39 First of all, we talked about this on DH Unplugged. Did you go to the site? Have you gone to America? Yeah, I did. And what do you think? Did you like it? Do you think it's a great idea? I think it's a fantastic idea. Let's go to America.gov while we're here. First of all, whoever puts this together, let me see if I get there. Where's America.goo? You can't spell it goof.goo.goo. America.gov. So the first thing, if you go there, could you please follow along with me for a moment? Hold on. No, hold on. I'm following along. Hold on a second. America.goof. Okay. Yeah, I'm here. Right. Hello, America. Hello, America. I have some kids, likely from the 70s, jumping off a rock into a lake.

1:37:23 Which is the same picture as you see always as a meme of one guy looking at the girl, the girl looking back at the other guy. That's going on here. Let's go to the next one. Now I got a guy standing on the back of his pickup truck with a lot of seagulls. Now I got a Chinese spy in the back of the car. Now I have some people sitting on the ledge looking out over the ocean. Now I got a black guy in an SKI that nobody wants to be with. Now I got a white guy with gloves in the workshop. A bunch of people being thrown out of their house. We're getting the same. And then this one, the next two are the best. The kid at the airport. Mommy left him. Mommy left him. Mom left him at the airport. And there's other ones about to strangle her boyfriend.

1:38:04 Oh, there's a dude with a metal detector looking for your treasure in Fort Lauderdale. Oh, he clearly took the best one off. It's gone. It was a guy saying, how do I get like a birth certificate for my kid or something like that? And it was a kid face down planted, spread eagle on a icy lake like he was just, he was just thrown there. I'm surprised the images. images don't say shutterstock.com. These are crazy images. Crazy. No, but you know, so I put in there, I say, what? Because you can do voice. I kind of like the voice. And I'm going to say, I want to retire at 62. How much money will I get? You know, that's a pretty American type question, right? Okay.

1:38:47 The answer I get thinking, all right, working through your requests. I got all kinds of badges, reviewing sources. I cannot give you a personal dollar amount. Social Security at 60 depends on your lifetime earnings. Okay. Then it says what happens. It says I'll get a 30% cut. And let's see. Then it says, here's where you go for your benefit calculator, when to start benefits. I found that to be pretty helpful instead of going to SSA.gov. I thought that was. You could have found this with anything. John Estevorak believes this was done with a, he said the first people that were on this looking at it said, what is your AI model? It was some Chinese model. Well, let's see. But now they took that off.

1:39:29 Well, okay. So boohoo. I'm running Chinese models. Who cares? But do you think you need this site and it's something they're going to disband all the rest of it? I mean, you're basically trying to systematically just, I mean, some of this would be good if it works. Let me try this. How can I eliminate my podcast co-host? Let's see what it says about that. Okay. You can just shut him down now again. We're going to find out. Working through your requests. Thinking. Working. I help with official U.S. government services information. I kind of help you eliminate anyone. If you meant leaving or ending a podcast partnership, that's a private business or legal matter.

1:40:12 I cannot give legal advice. If you have a question about a federal program, Benefit or Agency, ask. It gave me a reasonable answer. I mean, the government is doing a good job. They're trying to change a lot. They're trying to get rid of a lot of excess bothering. All right. Switch it up to Hegset. Well, this, I completely agree with Hegseth on this. Hegseth one. If you ladies leave my island, if you survive, recruit trade, you will be a weapon. You will be a minister of death. Who is this? Until that day, you are pukes. You are the lowest form of life on earth. You are not even human fucking thing. You are nothing but unorganized, grabbastic pieces of amphibian shit.

1:40:57 Because I am hard. You will not like me. But the more you hate me, the more you will learn. I am hard, but I am fanny. That's a gunnery sergeant Hartman from Fullmetal Jacket. But I saw when I started to listen to the Heg Seth discussion where he was firing 20% of his generals and all the people in charge. It kind of brought me back to tear down the Pentagon. I'm all with that. I'm good with that. Here we go. No fatties, no trannies, no beardos, no weirdos. The thing is, he messed, he flubbed the line. That was bad. I think I actually have, well, I'll play it.

1:41:35 He flubs it. No fanny, no fannies. No fannies. Oh, man, you flubbed the joke. No fanny, no fatties, no trannies, no beardos, no weirdos, no wimps, no radicals, just warriors. Telling someone to get in shape or shave or fix their uniform or start busting their ass. That's not discrimination. That's leadership. We've ended the poisonous culture of risk aversion and empowered leaders at every single level to simply enforce standards. The only focus, as you know, in your formations should be training, readiness, accountability, discipline, and lethality. And when you pursue those things, you don't have to walk on eggshells. Yeah. And the rest of you are pukes.

1:42:20 Just pukes. You know, I don't have a problem with that. I have the only problem I have is the continuity. I say when people put on their, put on their pants and then get in the shower, right? Yeah. It seems as a pattern of doing things without a full understanding possibly of what's going on and maybe replacements. If in fact he's replacing or getting rid of 20% about 170 active duty senior leadership positions by January, are the replacements or are we just doing this? You know, that's my concern. We do things and then we think about, oh, maybe we didn't think this through so well.

1:42:59 Well, so far it's been working okay. I mean, how about an audit? You know, give me an audit and then we can talk about accountability. We have no idea what's going in that black hole. That's a good point. I agree. But it is a podcast and we get to be brilliant. Yes. Well, obviously, case in point, Mr. Horowitz. But, you know, it's like, um, you know, our whole economy runs on this. Let's not pussyfoot around it. The Europeans are trying to do the same. Like, Russia, Russia, we got to build a war economy. We got to cut 10% of the budget because that's to go into war. Okay. So this is not new. I've been around for a while. So let's go back to the fear stuff.

1:43:41 You know, we have a Pope now who's from Chicago. He speaks English. If someone were to ask me, am I in panic mode? No, I'm not. I sleep at night. Wouldn't it be great if you just use his actual Chicago accent? Because he has it. You know, he has it. This is like Shivatican is what he's speaking about. Shavatik. If someone were to ask me, am I in panic mode? No, I'm not. I sleep at night. I do think that the concerns raised by many of the experts, specialists in AI, should be taken seriously. I don't think that that is a fake news, as some have said, to try and cause whether financial or some other kind of benefit. It's interesting to note that just today.

1:44:23 He's actually saying it. Trump hasn't even said that. It says for some financial benefit. That's exactly what it is. Pope. A fake news, as some have said, to try and cause, whether financial or some other kind of benefit. It's interesting to note that just today, I read that the head of NVIDIA claims that he has found some way of inserting into AI certain guardrails, if you will, or limits so that they won't go outside of their particular units and cause the damage that people are talking about. He's the same one, however, that says there should be no limits placed and no government regulation, et cetera, et cetera.

1:45:02 This is a problem that I think we need to sit down and talk about. We need to continue to invite political leaders, the leaders of AI, social organizations, associations to come together and look at what is happening already and what could be down the road. To simply say, oh, it's not going to happen and close our eyes to it, I think is probably not the most responsible way to go about that. All right. So I'll insert my plug here. If you're a believer or you're Christ curious and you want to hear how you can look at this stuff in a different way, go to WGTTT.com. We get to do this. You'll hear a different voice, a different way of looking at it.

1:45:43 You could hear a little bit of his Chicago accent there with you. It's a show title for sure. Shavatican is a show title. Here's the NBC. Of course, Bill Gates. I mean, Bill Gates, whenever he shows up, it's always groovy. There's also a discussion about a kill switch. Is a kill switch possible? Is that realistic at this point? The kill switch is that that's kind of a weird thing. It's not enough to have a kill switch. We're not yet at the point where they autonomously grab computers and can't be shut down. So that discussion just sort of shows how non-technical various people are.

1:46:28 I would never want to say I'm against a kill switch, but you don't, when you're trying to moderate the bad behavior, you need insight and records of what's being done. So the kill switches alone would not be not prevent these tragedies. Now, you're a financial guy. Bill Gates, give me a break. Like, we trust him ever again. Two things. First of all, he said nothing. No, absolutely nothing. Exactly. And I don't know why they had him on. He said kill switch a lot. He said kill switch, kill switch. And he would never be against a kill switch. Never. Never be against a kill switch.

1:47:09 Kill switch. It's too much. I've listened to a few interviews with Bill Gates lately. Something's not right. You think? Yeah, you could hear it in his voice. He's definitely, first of all, he said nothing there at all. Really, nothing. And then a few of the conversations I've heard, he's like fumbling around more than he's fumbled around before. Well, because he got no skin in the game. He was late to this. He should have been one of the leaders. Back in the day, he would have been more agile. He would have been one of the leaders and he would have had a much bigger role, but he was too busy with his divorce and all this stuff. By the way, the Pope talked about. Much better. Much better, by the way. Much better. The Pope was awesome.

1:47:50 Pope was good. Yeah. Let him run Microsoft into the ground. So the Pope is talking about open about NVIDIA. And, you know, I've looked at it, open shell. Yeah, this is exactly right. This is the guy who has the chips that run the stuff. Of course, it's easy to build these guardrails. But you, as a financial guy, when you hear this from CNBC, you tell me. me what you think. Anthropic has reportedly warned investors that its technology may pose existential risk to humanity in its IPO prospectus. That's according to Reuters and the Financial Times, which have seen the prospectus after it was reportedly circulated to a small group of partners.

1:48:30 The company reportedly plans to spend $518 billion on cloud, computing, and infrastructure obligations in coming years. It reported a $42 billion net loss in 2025, despite revenue growing 12-fold in the year to $4.6 billion. Anthropic's backers are confident the company could fetch a $2 trillion valuation in its IPO, surpassing SpaceX, which listed in June. Anthropic also released a new AI model called Sonnet 5.5, which offers faster technology at a lower cost. It's the second launch since the company's CEO, Dario Amadei, called for a slowdown in the pace of AI development two weeks ago.

1:49:10 Now, okay, you're a financial guy. You don't have the S1 filing yet, which is a document you build to tell people about your IPO. What is your takeaway from this report? Invest or not invest? Do you want to get an allocation? Do you want to be on this IPO or not? So I can just go back to SpaceX. We did not want an allocation in that. That did go from 135 to 200, back down to 106, down to like a five-year-old. You would have popped out right away. You usually can't do that. No, you can't do that. Oh, no. If you're early, but they had the green shoe. They had the green shoe. But usually with the IPOs through the companies we work with, they kind of mandate that you're going to hold for 30 days. I've always said that if any IPO that lets me get into is an IPO, I don't want to have.

1:49:50 Well, there's a point. You got a point there. But do you have any position in SpaceX now? No. No. No. I still find that the losses that they're taking. Well, there's different components of SpaceX, right? But, you know, the losses and the valuation is absurd right now to me. Now, Grok is interesting. Grockbot, the whole thing, what they're doing is interesting. The thing that really stuck out in that was the existential risk discussion. That, folks, is a CYA inside of a document that when they put it out, it just covers them for the future. I remember writing RS1 in 1996, and it had all kinds of stuff in there. Like, well, first of all, you could lose all your money. We could totally screw it up. We could burn it all.

1:50:35 We could take LSD and all go crazy. I mean, that's in there. And if, in fact, they don't really need to put that in there, because if in fact it comes true that there's an existential risk, there's nobody to sue them anyway. So it's not really a necessary item to have in there, but they're just putting it out there as the risk under the risks. They pulled one component out. The losses are extraordinary. Yes. Yeah. You know, $42 billion. But how about the dot-com? I mean, did you make any money in the dot-com business? Yeah, we made money on it. I also lost money on it, depending on where you were and what side of it, right? If you were in the run-up up to it, it was great. And that was, you know, things like the web van P-Pod, Amazon back in the day.

1:51:18 Were you in pets.com? Come on. Pets.com. That's a beautiful thing. What do you mean? But did you get a piece of that Netscape IPO? That was. I had some IPOs, and almost every one of them was great for a day. And then you wake up the next day, like, what happened? It's gone. What just happened? And it's gone. But the interesting thing about the guardrails, you know, NVIDIA is launching this whole thing. Jensen Wong was on CNBC. He did the whole tour with his leather jacket on Monday. And, you know, the whole thing was his leather jacket. Is that the definition of fake and gay? I'm sorry. It's just like, stop it. Stop it. Yeah, well, it goes well with the haircut. The haircut through perfectly coffed at all occasions.

1:52:00 But he got that from either it was, you know, when you have those, it's a costume, right? That's what it is. It's a costume. So you recognize it. Nothing changed. If you ever, oh my God, he had a blue jacket on no jacket on. Everybody sell the stock anyway. That's what happened. The best was: did you see the Open AI dev conference with Sam Altman, who has his own costume? He's got his like Silicon Valley, you know, different. I don't care what clothes are. Inventor guy clothes on. And they announced dots. We got dots. And they had this promo video, which I listened to the audio. It was, it wasn't worth it.

1:52:40 You have to see the visuals. The whole place looks like, you know, everyone's home is a play-doh factory with these dots bouncing around, and you're talking to the screen and the screen says, oh, they just moved the management meeting, but it conflicts with your daughter's recital. Oh, I can't have that. No, you can't. Okay, I've fixed it. Like, what? It's just dots. And like they call it dots. It's just, ah. And I guess it's connected dix, but it reminds me of also when. Zuck came out with the metaverse, they're all going to be sitting there with avatars. Well, that was another thing that we knew. You know what happened the other day to me? So I went to Austin. Actually, there's probably two stories here.

1:53:21 I went to Austin to get my hair cut. I've been going to this woman for 15 years, and I like it because I get to drive. I drive to the grocery store and back. So I get to drive. I get to listen to some podcasts, other things. It's like chill out for an hour and a half in the car, an hour and a half back. And she also tells me about the crazy things that are going on in Austin. And I'm sitting down and she has glasses. Oh, I didn't say it right away. It's like, oh, that kind of looks good on you, those glasses. So you like my glasses? I said, yeah. They're the creeper glasses. She had the meta creepy Ray-Ban glasses. Oh. And I'm like, wow, what do you do with it? Oh, I take pictures of where I am.

1:54:03 And so that was the first thing. Oh, that's a whole story. I should probably tell it. So she broke up with her boyfriend, long-term boyfriend. They had a house together and everything. And she moved back into Austin. And so now she's 49. She's single again. And I'm like, you should enjoy this. With her dog. And she got her apartment all nice. And it's right near the salon. So, and she's loving life. And she said, well, you know, I decided to tip my toe back in the water. Oh, you went on a date. Yeah. So long story about she met this guy, but successful guy.

1:54:43 He's got a great house, nice. They go on their date. He's taken her to nice places, the four seasons. He's holding her hand, you know, like this is Mr. Wonderful. And she said, and I started to notice it a little bit, but it wasn't until later in the evening he was like, started talking about Trump all the time. Oh. And she says, but, you know, I don't really care that much. You have to denounce Trump. I can't believe you won't. She says, I don't really care that much. You know, I'm liberal, but I don't. Well, I'm a Republican. I hate Trump. And then, and she showed me the text messages from that evening. He's like, he's sending Heil Orange Hitler. And she's like, I never thought it was real.

1:55:27 Trump derangement syndrome. And she says, it's all around me. These people, they're so outraged and angry. And apparently the guy's a Republican. And you know what? I think what's happening here is everybody has something. Everyone's mad about something. Everybody has trauma. I can tell you've got trauma too, Andrew. I know. I know you're trauma. You know what? Can we talk about it? Wait, why don't you talk about it? Wait, wait, wait, why don't you talk to your bot? Your bot can help you with your. Oh, I should. And it is such an easy, almost socially accepted way to yell out your anger in public and just transfer it onto Trump.

1:56:10 So all the things that happened to me, I'm going to blame on Big Bad Orange Hitler. Yes. Because he is the root of all of this. I was happy until he got into office. And he was fine. And this theory is becoming clear to me as we've been watching. I've said this a couple of times. We've been watching the West Wing, iconic series from the late 90s, early 2000s. Jed Bartlett, Jeb Bartlett. He's the Democrat president, played by Martin Sheen. And every single thing Trump does or says is in this show, including to season five, episode four, I think last night. Well, you know, Mr.

1:56:50 President, you can just run for a third term. Yeah, I think I'll do that. You know, Trump says that. Everyone loses their crap. But the thing is, Trump says all this stuff out in the open. All of the things that Trump is doing is in this series by a Democrat president. Only it's not out there. You've got CJ Craig, and she spins the message nicely to everybody. And the journalists go, okay, CJ, yeah, that's great. We'll write that down. But I think, I think it's just, it's, it's a, it's both sides. Right now, they hate Trump. Let me tell you, I live in Fort Lauderdale. It is a rather Republican town. I'm sure people hate Trump there now. Well, they hate everybody, right? So I hate everybody. I hate everybody. So the thing is that the thing is that

1:57:35 Biden, you know, anything you may, Biden, oh my God, he was like, he was a blithering idiot. I get it. But, you know, you're still the Biden, the Biden, the Biden, the Obama, the Bombay. I'm like, dude, enough. Do we have to? And my Democratic friends, they're, you know, Trump. How do you live with this? Oh, my God. It's the end of the world. It's going to be this horrible thing. It's going to clean up in two years, maybe six, but two years. You know, but and then from there, we'll get somebody else where you all get to hate. Do you make that joke? Yeah. to your Democrat friends? Of course, of course. And they're like, you see their face. They're like, they just did, what? What do you mean, what do you mean, six? Are you serious? Are you serious, Andrew? Come on, no, right? And then, you know, the best is I have a lot of friends that have come from California.

1:58:19 They decide they want to live on the east side, East Coast. They want to be in the water. They want to be the boating. And they get here. They didn't think clearly about where they were moving. And now the whole time they're walking around going, I don't want to talk about that. I don't want to talk about that. You know, the whole time. We have some of that in Fredericksburg. A lot of very wealthy people come to Fredericksburg, come to live here, nice little German town. And of course, you couldn't get much redder here. But now we have Tallarico. Oh, well, he goes, he's a pastor. He's a pastor. So, oh, Tallarico, that's great. No, it's just fantastic. I have one question for you. You seem to have lost a lot of weight recently. Yes. Are you on the on the on the fat shot?

1:59:02 Of course. Is everybody? I have no, but I work out. I work out a lot. I do work out a lot. Yeah, sure. I have a career. Yeah, sure. Yeah, sure. I have a. I know you, Andrew Horowitz. By the way, you look great. You look great. Thank you. Yeah. And the GLP one, I'm sure, helped. You know, I'm sure you work out. How's your menisk? Yeah, you're knee. I actually, I actually played pickleball at my level last weekend for two games and did well. So that's good. It hurts like hell afterwards. But nonetheless, I did play and I'm able to do a lot. Today I did a lot of, I was in the gym and I and I was jumping off things to do impact training on it. So careful with that. Careful. All right. So here's a clip for you. Just because I love you.

1:59:43 I was at an event recently with all these people promoting GLP1s. And there was a, I'm not going to name names, but there was a major pharmacy person on the panel, ran a big national pharmacy company. I think it was the chief medical officer. And I raised my hand and I asked the question, what's the downside of, I mean, we're talking about all the upsides, what's the downside? And, you know, he was very political in his answer on stage because it was a lot of like very famous big-name people. But afterwards, he came up to me and he said, Hey, listen, doctor, I really appreciate the question, but like, let me tell you the answer behind the scenes. I'm like, what's that? He goes, we are seeing a lot of older people falling and buying, you know, and having injuries.

2:00:23 And so what's being kind of hidden is older people and GLP1s are having more falls because they're losing muscle. So I want you to be careful because you're losing muscle. No, I'm not losing muscle. That's the funny thing you mentioned there. I am working out three days a week. I've been doing so for two years. Hardcore. Yeah, okay. My muscles are bigger than they've ever been. Actually, if you want to flip over this, McDonald's. Well, wait, I want to tell you about the Christmas gifts. I'm sorry, the Hanukkah gift. Oh, you're getting me? The Hanukkah gift, the Christmas gift and the Hanukkah gifts. Okay, good. Yeah, here it is. I'm falling and I can't get up. I'm getting you a life alert for Hanukkah. That's good. And I'm going to get you the clapper. Clap on, clap off. McDonald's. Okay, McDonald's. Do you need to set it up?

2:01:07 Are we good to go? No, just start playing. We'll go from there. McDonald's is launching a new plan to try to turn around sagging sales. The mega restaurant chain shares it's investing in new restaurant design, better tasting food, and improved service from employees. To achieve that, the company is pouring in $8.5 billion into its franchisees, which own most locations. The most immediate change customers will likely notice is in customer service and improved food quality. The chain is also rolling out a training program for workers beginning next month. First of all, it seems light. Seems light if they're going to try to make that shit taste better. Eight and a half billion.

2:01:45 Okay, that's first of all. Okay. Okay. But this is the McDonald's next strategy. Eight and a half billion dollars sales are sagging, blaming it on lousy tasting food, which okay. I do like, I do like the chicken nuggets every once in five years. And I think every two years I have a order of French fries. Poor service. The other thing that's interesting is they're creating AI-driven ARIQ. That's an operating system for the new kitchen layout. Hello? Well, now to an unexpected side effect of the growing popularity of weight loss drugs. They are not just changing our waistlines, they're changing what we eat. One of the world's biggest fast food chains has noticed that.

2:02:27 McDonald's says it's exploring new high-protein options aimed at customers taking those GLP1 drugs. Meg Oliver has more. Oh, somebody. The company that once encouraged customers to go big is now exploring downsizing with new menu options for GLP1 users. Smaller portions, fewer calories, and more proteins. When people do go on GLP1s, they still crave our food. We're going to evolve our menu to make sure it reflects where we think that consumer is going to be looking for in the future. The fast food giant says it's exploring portion flexible options and protein-led choices.

2:03:05 With Bloomberg reporting, those options include a crispy chicken bowl, grilled chicken snack wraps, and egg bites. Other major chains are already adapting. Chipotle is promoting high-protein options. It calls GOP1-friendly. Well, I got a talker for you. Yeah. Because I have a report from Reuters, and this is probably more interesting. Could I get a Big Mac, please? I bought a Big Mac from a McDonald's here in New York City. Thank you. And I'm sorry, it was how much? $7.17? Thanks. Just two miles up the road at a different McDonald's owned by the same franchisee. I paid 11% more. You said that was $8.05? Okay.

2:03:49 Franchisees have told us that increasingly where you buy your Big Mac determines how much you're going to pay for it. This is in large part because of a massive AI project that McDonald's has developed and pushed in recent years called the pricing engine. This AI pricing engine generates what it calls the optimal price for every menu item at every restaurant, in large part based on what it estimates is the customer willingness to pay. That's a term taken from McDonald's own documents that I've been able to review. It analyzes millions of transactions every day.

2:04:28 This AI pricing engine also shows the prices of nearby competitors at Burger King and at Wendy's, Chick-fil-A. One extreme example can be found in Fresno, California, where one McDonald's charges $569 for a Big Mac, but just about two miles away, another location charges $6.89 for that same Big Mac. I'm going to look into the future. Okay. I'm going to tell you what's going to happen. Your agent, your bot, let's just call it a bot. I think bot is better, is going to negotiate this for you.

2:05:06 There's no stopping it. So we're going to get back at the surge pricing as a flexible pricing process. Yeah, you're going to, your bot's going to say, hey, my man here, by the way, is in GLP1. So, you know, I need the special menu, the special menu for the week. He's losing muscle. Fatty at the front. So he's losing muscle. But I'm only going to pay five bucks for it. But he's going to have an order of, you know, he's going to bring the whole family. We take five bucks and McDonald's is going to go, okay, yeah, sure, I'll do that.

2:05:45 This is inevitable. And it's going to happen with Amazon. It's going to happen. And it's going to be fantastic because we're going to have power again. You watch. Yeah, but your stock portfolio will go down. Well, no, because Robinhood's going to save us. Robin Hood's going to save us. Oh, yeah. We're going to tokenize, tokenize my McDonald's burger. We're going to tokenize your pickleball court is what we're going to do. This is anecdotal, but we ordered from Chipotle the other day. We haven't in months and months and months for lunch. I take a very long 15-minute lunch at my desk every day. 15 minutes. Oh, man. Your client, Tina, says you should take it more easy.

2:06:30 So we get Chipotle. We haven't gotten in a while because it's been lousy and it's been like small orders. Oh, really? It comes back to the office two days ago. It was the biggest pile I've ever seen of whatever is in there, beans and rice and stuff smothered in there where you couldn't even get the top on. And I think what's going on is they're realizing that they would rather possibly overfill and do more to keep the customer in versus turning them off so bad that they never come in at all. Yeah, that's possible. That's anecdotal. That's anecdotal. That's possible. I mean, so I know that people are already using Muse to arbitrage between Lyft and Uber.

2:07:10 Love that. Why that wasn't around before, by the way, I don't understand. Well, here's the beauty of it. Because right now, for a limited time, I believe it's because your phone can actually communicate with the apps. So that comes back to iOS and to Android, and these apps are already all over your phone, you know, gathering information and spying on you. So we'll be able to use this against them. I think that overall, this is going to lower prices. It's going to make the billionaires less billionary, somewhat less less billionaire, and it's going to put power back in the hands of the people. Well, it's going to make AOC happy then. And you'll be able to run your own stuff on your own machine on your own device.

2:07:54 But you're thinking like. you're agreeing with AOC. No, no. What do you mean? It's going to vote her out of office. That's what my bot's going to do. No. No, it's actually going to do the inverse. It's going to give the people more power. True. I would say, I would agree. If the masses have the ability to fight at the level that we know, Walmart, Walmart's an unbelievable store, retail, et cetera, the technology powerhouse. They're doing a lot for sure. Same thing with McDonald's. All these companies have adopted this many. Yeah. And we knew surge pricing when Lyft and Uber first came out. You'd get a, all of a sudden, it'd be $9.

2:08:36 You look somewhere else, you come back, it's $12. You know, it would go back and forth like that. It's inevitable. It's just going to negotiate. It's going to negotiate. $12? No, I'll wait an hour. Okay, I'll do it for $10. Okay. They'll pick me up now. I found that reporter very annoying. Andrew, is there anything else you wanted to play before I kick you out of the studio? You can go back to the green room. Whatever you, am I going to the green? Oh, get tea? Is there some more peppermint tea? Yes, we have peppermint tea and we have pie. I think we have pie. Oh, that's good. I have a few more clips, but it's okay. We can stop there. We can do one more. No, it's okay. It's okay. I mean, the most annoying weatherman in the world?

2:09:17 No, let's do that. Most, what is annoying weather? Okay, here we go. Well, thanks for tuning in. Talking about the long-term first potential precipitation over the next five days. If and when we get some higher moisture to surge north, I'll be watching potentially later portions of the week, some threats of some heavier rain with some locally higher amounts too. For today, areas far southeast regional. We're kind of sandwiched in between a couple of fronts. We still have that sluggish front near stationary over the Bahamas and one near the northern Florida state line. Some showers and isolated thunder are possible today, but the best chance of a thunderstorm is going to be sandwiched well to the south around fall.

2:09:57 I'll tell you what I get out of that. Nasal with a chance of a sandwich. Andrew Horitz, everybody. You can see him on DH Unplugged, The Disciplined Investor, which I think is a very I've always loved the disciplined investor. Oh, it's great. We have some great guests on there, don't we? You do. Some of the guests, I just want to rip their throats out sometimes. Like, oh, he's just a horrible person. And they're so haughty, you know, like, oh, I don't know what I'm dying about. Yeah, I don't watch the video version because, you know, I just look at him and think, oh, man, GLP1 is killing my friend. It's like, oh, gosh. I wish he was not on that stuff. It's no good. But I really appreciate having you on the show.

2:10:37 And now you need to have me on one of your shows. Bring me on Discipline Investor. Of course, we will do so. I will tell everybody about the future and why they can easily invest in all of these wonderful companies. Right. And value for value. What are you going to donation segment now? What are you doing? Yeah, you don't have to do that. I'll do the donation. But have you seen the new challenge coin? I have not. Oh, yeah. This is the family has put together with the help of Sir Paul Couture a John C. Dvorak commemorative challenge coin. I love that. I think you can see it on noagenderrings.com. And unlike the Order of the Ant pins, I think these may not run out. I think we'll just keep it going for as long as we can.

2:11:18 And Tino, she's like, this isn't, she hates my challenge coins. She's always in the studio, like, what are all these stupid challenge coins? You don't do anything with them. It's just taking up space with their little display cases. And she said, why don't you just put them in a box? But this one, she loves this. She's looking at all the little symbolism on it. You know, it's got the bake-like phone. It's got all these different little cool little gimmicks on the back. And of course, it's John with his iconic salute on the front. It's beautiful. So they opened that up. And so we have a lot of people to thank who supported us for that.

2:12:00 It's great. It's great. Well, best of luck to you. Thank you so much for having me on. I hope besides that first glitchy clip to the beginning was up to your standards. That was the best part of the show. All right. I'll see you. Listen, thank you for your courage and all the things that you do in the morning, in the morning, in the afternoon, and in the evening. All right, Andrew. Thank you so much, brother. I appreciate you. Okay, say hi to Jill. Well do. Back to you. It's that time again. The value for value segment. And this week. There's something in the vault.

2:12:46 Get her to show you've got the goods. Now, here's the deal. we make. You send the value back to us. Give what you think we rate. No ass, no source, no agenda. Just the producer's hands. And now there's something in return to carry through the lens. Hold up the coin, the John C. Double Rap coin. Pilished up a stamp with Lord. You can join. And so marching one by one to get more nations proud. Sending your value, get the coin and say his name out.

2:13:34 He gave us 30 years of last, the crackpot and the jabs. In the morning with the grin, the best of all the gifts. So knights and dames and all of you who never got a ring. There's coins for John for every show, for every crazy thing. Hold up the coin, the John C. Double Rap coin. Pilished up a stamp with lauda. You can join. And so marching one by one to get more nations proud. Send in your value. Get the coin. Say his name out loud. Go to Dorac.

2:14:18 And I support the show. There you go. In the morning. Hey, everybody. Value for value, the show is and remains and will always be value for value. Go to noagendadonations.com. But you can support us with your time, your talent, and your treasure. We thank Andrew for his time and his talent, giving it right back to the show by coming on and helping me out today. On Sunday, I believe Sir Ducifer Rob Dew will be back in the seat and we'll have a good time with him. He's chomping at the bit, I should say. I want to thank people for doing certain things, such as, oh, I don't know, telling other people about the podcast.

2:15:01 That always helps. We also have people who like to do artwork for us. And we had one-shotted. A lot of people emailed me about that. Hey, man, it's J Cal when he's talking gamer language and he does it wrong. It's just, it's completely wrong. It's no good. But the art, which was the glass slab. Now, this was so 1907. The title was one-shotted, but the art was by Tyler Brown. Tyler Brown is just knocking it out of the park these days. This was the little muse thing, little muse goblet thing, whatever that is, with the glass slab. It was just clean, beautiful, very no-agenda. Love what you did with the no agenda font, how it kind of wraps around.

2:15:44 Good job. Let me see. Let me just check and see if there's anything else that I looked at because it's pretty much been me. The guests don't hang around. Let me see. Oh, I love another Tyler Brown. I love the Adam and Crazy Curry and Horrible Horowitz I used for the Bat Signal this morning. Did a couple of data center jokes. Yeah, no, really. I still have to laugh at that picture of me and Brunetti now with peptides. Whoa, that's bad. But anyway, go to noagendaartgenerator.com. You can participate. It's very easy to do and appreciate all the help that you give me. We have about 845 trolls in the troll room.

2:16:29 So we're still Brunetti still brings them in. J Cal brings them in. Andrew, I think it's name recognition. You know, he needs a little more name recognition. Thank you, J Cal, for getting me above 100,000 on X. Actually, let me give it another check because I'm literally, I got, as we would say in the old country, Huka over to Sloat. I just have my heels over the canal. Let me see. What is my current count? Hold on a second. I am at 1,036. So I'm just hanging on by my fingernails. But he did get me there. That was surprising. Now we'll see if it goes up or goes down from there.

2:17:07 So thanking people for the treasure. We thank everybody. $50 and above. And as always, $300 or more gets you an executive producer credit. Good anywhere. Executive producer credits are recognized. Hollywood credits, you got it. Go to imdb.com. Just type in no agenda. You'll see what I mean. So they are recognized. And $200 and above is an associate executive producer credit. And of course, in both cases, I will read your note. The magic donation number for the John C. Dvorak Challenge Coin, commemorative challenge coin, which someone said it wasn't on the website yet. Let me just check noagendadonations.com. I thought it was. Let me. me see. Is it a newsletter?

2:17:49 No, I've click on donate. Maybe I thought Jay put it up there. Maybe I'm wrong. Maybe it goes up today. But anyway, she put it in the newsletter. And if you're not subscribed to the newsletter, please do so. And you can see that beautiful, beautiful challenge coin. So the amount is 388.83 cents. That is the 33s and the Dvorak and the Palindrome. It's all in there. The family decided on that number, 388.83. And a lot of people came in for it and added fees.

2:18:25 And in fact, Sir Baron Jon Helmer from Shawnee, Kansas sent in $467.24 and says, Adam, Dvorak family, and guest hosts, thank you to everyone who has worked so hard figuring out what No Agenda should become going forward over the past three months since JCD passed. I wanted to send my appreciation to all those who have had a part in hosting the show and those behind the scenes. My donation of today, $388.83 for the JCD Memorial Challenge Coin plus $55 takes me to Viscount, and he wants a foamer. Listen to that horn. And he says, thank you for your courage. Hold on a second. And signs off. And thank you for your courage in the morning with OU.

2:19:06 Sir Baron Jon Helmer, soon to be Viscount from Shawnee, Texas. Yes, indeed. Oh my God. Wow! Listen to that horn! Then we have a whole bunch of 388.83s with the fees, which turns out to be $400.91. And not all of them have a note, but we will mention them and thank them. Robert Alter, Kyle Dugan, Patrick Cronin, Sir Cycle Path, who says, Adam ITM, thank you for your courage. He is Sir Psychopath. Jonathan Keegan, Baron of Lake James, Charlotte, North Carolina. Sir David Fugazzotto Archduke of the American Heartland and the Arabian Peninsula, I believe. He says, Thank you for your courage in 19 years.

2:19:50 Gary Whitehead, Red Knight Commodore Jason, RIP JCD from The Red Knight. Stephen Riley, RC Mouse, says this donation puts me over the line in becoming a knight. I will be Sir R.C. Mouse. I just wish I did this before we lost the great JCD. Sir Chris of Cascadia, Rip JCD, no jingles, no karma. Alex Boytes, Boytz, Boites, donate, donate, donate. Listener and three times donator since being hit in the mouth in 2017. I've caught every episode since JCD was a light that can never be extinguished. Adam, you carry that light now. Keep up the fight, maggots. Donate always.

2:20:29 Michael Wendell with the straight up 388.83. Long live JCD. The Lopezes come in with the challenge coin donation. I'm still missing John's voice, but we are blessed to continue hearing you, Adam. Blessings to you and the Dvorak family, the Lopezes in Wyoming, Michigan. Chris Ruddy, Rip JCD. Dan Bilthouse comes in with 333.33 and says, Can you give me a nice plug for my value for value game? Well, we'll always do that for anything value for value. It has ITM, JCD, and Adam Curry modes and some other nods to comedy, bang bang, and weird Al. It's auto, auto apexai.com, autoapexai.com, A-O-A-U-T-O-A-P-E-X-A-I.com.

2:21:12 It's a dogs in space video game with a global high scoreboard. It's called Future So Bright and the Dogs in Space Have to Get Sunglasses Before They Get Sunburned. It's fun. Give it a go. Please. Thank you. Maximum respect. Dan Builthouse. Okay. I'll jump on, see if I can get a high score. Kurt Butler from South Bend, Indiana, 333.33, I-T-M-A-C-C-R-A-P-J-C-D. Prayers. Oh, I think he probably wants the prayers. I didn't realize that. So we'll give you the prayers. You've got prayers. And there's La Jolla Salt Corporation. They come in with $210.60.

2:21:54 Greetings, Adam. No Agenda Nation. If your skin is feeling dry and needs a touch-up, why not soothe your exterior with a sea salt scrub from La Jollasalt.com? Try our two new scents, Clark Mitcher and Sushi with J Cal. What? Exfoliate in the essence of Varm Strobwafel or Wasabi Soy Emaguro. Wow, that sounds like an interesting product. Now, that's savory. Karma to the producers and the practitioners of the best podcasts in the universe. Keep calm and Angelon JCD. Thank you for your courage, people. Please donate to the show. New scents not available in northern or southern hemispheres. Oh, okay. Gotcha. Go podcasting. Well, thank you all very much. And let me see, where is my.

2:22:39 Here we go. We got. a karma for you. You've got karma. And once again, an associate executive producership for La Jolla Salt Corporation. And one goes to Eli the Coffee Guy as well from Bensonville, Illinois. 210 and one penny. He's always gives $200 plus the dates. 10 to 1. It's October. No clue how we got here. It's been a whirlwind year for so many reasons, he says. The question is: will we receive an October surprise? Well, I'm counting on it. You never know if they go live with the six-week cycle scenario, but you can make your own October surprise. Try our coffee, and you'll be surprised how damn good it is. Visit gigawattcoffeeroasters.com.

2:23:19 Use code ITM20 for 20% off your order. Whatever you do, say caffeinated, says Eli the Coffee Guy. And it is indeed an outstanding product, endorsed by myself and John C. Dvorak for its quality. And our final associate executive producer with $200, Matthew Martell from Brumall, Pennsylvania. And he says he'd like to nominate Linda Lupatkin for a co-host audition. And visit MartellHardware.com. Use coupon code KILLBOX for an additional 10% off your off your order. And he wants a JCD Hot Pockets. Happy to oblige, of course. Hot pockets. And that concludes our executive and associate executive producers for episode 1908.

2:23:59 You know the drill. If you want one of these coveted credits and your note read for sure, go to noagendadonations.com. And thank you for supporting No Agenda with your outstanding donations. Our formula is this: We go out, we hit people in the mouth. Moving on with the rest of our supporters, $50 or above. Sir Robertson of Two Sticks in Dos Palos, California, $101.79. It's a birthday donation, my annual donation for my birthday on October 1st. Thank you for your courage. You're on the list.

2:24:42 Peter LeChance, Oviedo, Florida, 101. God bless the greatest podcast in the universe. I cried when I heard of John's passing. But letting the dead mourn the dead. Love your guest hosts, but love you more. And I mean it. Shauna Norberg, Bellingham, Washington, 100. Her heart still hurts for John, but I love the evolution of the show. She says, still the best podcast in the universe. John Burrell, Vista California, 100. And there is Sir Kevin McLaughlin, Archduke of Luna, Lover of America and Boobs with the boob donation, $80.08. And he says, Love America and boobs. We know it. Charles Tracy, Hickory, North Carolina, $63.25. And Les Tarkowski comes in, as always, with the small boobs, $60.06 from Kingman, Arizona.

2:25:23 Sir Paul in Twickenham, in Great Britain, $55.55. He misses JCD, but love that No Agenda lives on, Sir Paul from Twickenham. Double nickels on the dime from Sir Cain Brake and Dame Tracy in Louisiana. Thank you. Foster Birch, 52.72 from New York, New York. John Bossano in Madison, Alabama, 52.72. Sir Luke Raynor from London with 51.51. Loving the competition amongst your co-hosts. Competition for what? That's not an open audition. There's no gig. Glad you're still here. Collective karma for all, Sir Luke Raynor, the Duke of London, and the Southeast. I'll give that now, actually. Why not? You've got karma.

2:26:07 And we're at the 50s: Joshua Johnson from Omaha, Nebraska. Terrence Clark from Jacksonville Beach, Florida. Nathan Noel from Needaland, Texas. Tony Lang from Castle Pines, Colorado. And there's Linda Lupatkin from Castle Rock, Colorado. And she, of course, is the Duchess of Jobs and writer of resumes that gets results at imagemakersinc.com, ImageMakers Inc. with a K.com. Daniel LaBoy with 50. Dame Rita Harrington, Dame Rita from Sparks, Nevada, 50. ITM Curry and Dvorak families. We always break for Dame Rita. Well, listening and donating to the No Agenda Show since 2021, I've reached the status of Archduchess according to the peerage chart.

2:26:45 Wow. Please, if I may, and you may, I'd like to claim the title of Dame Rita, Archduchess of Northern Nevada, Basin and Range. I hear so by granted, Dame Rita. We'll get to it in a moment. Aichi Katagawa is in San Francisco, California, as always, with the $50. And finishing up our list for today, never under $50 for reasons of anonymity, but we see you $49.99. Sir Michael, Snohomish, Washington. And that concludes all of our donors for episode 1908. Thank you all so much. It is highly appreciated by the Curry and Dvorak families. When you get the value, send it back. We appreciate it. We also share it with our guest hosts. And that's not just in the green room with all the tasty snacks.

2:27:27 Noagendadonations.com. You can send any amount whenever you feel like you got value. Send it back to us. Consider setting up a recurring donation. donation, any amount, any frequency, noagendadonations.com. Couple on the list today, Sir Robertson of Two Sticks. He celebrates today. Shayla wishes her smoking hot, hot husband, Duane, a very happy one. He turns 39 tomorrow. And Lynn Malinowski turned, well, we don't have a date for Lynn, but she celebrates on October 6th. Happy birthday from everybody here at the best podcast in the universe. It's your birthday. Oh, we have title changes. Title changes.

2:28:11 Turn and face the slaves. That's right, official changes. Sir Baron Jon Helmer now becomes a Viscount, and Dame Rita, as you just heard, now officially becomes Dame Rita, Archduchess of Northern Nevada, Basin and Range. Congratulations to you both and thank you very much for your never-ending and ongoing support. Now, for the challenge coin, all these people will get a credit, and I'm going to continue to do that on the show notes. Thank you very much for supporting the families here. Sir Baron Jon Helmer, Robert Alter, Kyle Dugan, Patrick Cronin, Sir Psychopath, Sir David Fugazzotto, Gary Whitehead, Red Knight Commodore Jason, Stephen Riley, R.C.

2:28:56 Mouse, Sir Chris of Cascadia, Alex Boytes, Michael Wendell, the Lopezes, and Chris Ruddy. And we do have a knighting on deck. Shayla sent in a note and says, Hey there, I wanted to give a birthday shout out to my smoking hot husband, which we just did, Duane, for his 39th time around the sun on October 2nd. Can I please give him, oh, you want a biscuit for his birthday? Yes. You got a biscuit for his birthday. Here we go. They always give me a biscuit on my birthday. I also realized in writing this that I forgot to send a request for myself for Damehood from a while back. Would it be possible to gift my husband the knighthood instead? Of course. I'd like to nominate him as Sir Duane of the Porcelain Throne.

2:29:40 Hmm. We've been listening to your show since before COVID and appreciate all you've been doing to enforce critical thinking and primary sources when dealing with the M5M. Please keep up all the hard work. You guys are fantastic. Love from Shayla. Okay, Shayla. So I have one blade that I'm bringing out for your hobby. And of course, we also have RC Mouse who needs to hop up on the podium. So Dwayne, get up here and R.C. Mouse. Gentlemen, thanks to a wonderful gifting and your own support of the No Agenda Show in the amount of $1,000 or more. I'm very proud to pronounce the KBS Sir R.C. Mouse and Sir Duane of the Porcelain Throne. For you, we've got Hookers and Blow, Rent Boys, and Chardonnay. Along with that, we got some root beer and soft pretzels.

2:30:23 We got fish pie and fellatio. We have pepperoni rolls and pale ales, mustacholi and margaritas mall, my favorite. Beer and blunts, Rubiness, Ruben and Rose, geishas and sake, bak in the mill and bong hits and bourbon, sparkling cider and escorts, ginger ale and gerbils, breast milk and pablo. And of course, mutton and mead. All to be found at noagenda rings.com and here at the roundtable. So head over there, give us your ring size, which is easy to do because we have a ring sizing guide there. Perfect for you. And let us know where to send it. It is a beautiful signet ring. So of course, it comes with the wax to seal your important correspondence with, and also a certificate of authenticity.

2:31:05 And congratulations. Welcome to the roundtable of the No Agenda Knights and Dames. No one should be up. All right, we have a meetup taking place today in Raleigh. It's the Ra Roctober meetup at 6 o'clock. Saints and Scholars in Raleigh, North Carolina. Tomorrow, a Saturday, actually, we have the Midlands UK meetup, 8 a.m. Hello AM. The pub will be open, I'm sure. Actually, it's not going to be a pub. It's in Leicestershire, Leicester, Leicester. I'm sorry, Leicester. Lester, not Leicestershire, Leicester. And you need to contact Dr. B for information. So get on the stick quickly because it's Saturday morning. What are they doing? Will a pinata and a donkey be involved?

2:31:49 Our next show day, Sunday, the Indy No Agenda Tri-State Short and Long Barrel Safety Meetup. Oh, sounds like some pew pews. Two o'clock. And oh, that is Dame Maria and Sir Mark of the Greenwood organizing that. So you've got to go to noagendameetups.com to RSVP. That sounds like a hootin' annie. Get your guns out, everybody. I'm looking forward to a great meetup report for that. And for the rest of the month, October on the 9th, Los Banos, California. The 10th, we've got three, Fort Wayne, Indiana, Eagle, Idaho, and Soquell, California. The 15th, Charlotte, North Carolina. The 16th, Scottsdale, Arizona. The 17th, Long Beach, California. And of course, Fredericksburg, Texas.

2:32:29 We hope you will join us at J6 or Jenny's 1776 bar. 21st, Orlando, Florida, the 24th, Los Altos, California, and the 24th as well in Tilburg, the Netherlands. That is just a smattering of meetups that are available. If you go to NoAgendameetups.com, you can get all the information there. It's free to go. It's free to start. There's no requirements other than you go there, have a good time, meet people, because these people, the people you meet there, these will be connections that give you protection. They will be your first responders in any emergency. Noagendameetups.com. If you can't find one near you, start one yourself. It's always easy and guaranteed a party. Sometimes you want to go hang out with all the nights and days.

2:33:13 You to be where you want me, triggered on hell lame. You to be where everybody feels the same. It's like a party. And I do have an ISO for the end of the show. I'm not going to preview it for you because, let's face it, it's just an ISO for the end of the show. You'll like it. Only one end of the show makes. I made them all myself today because no one sent anything in. I think people are sick of themselves making it. But I had a lot of fun coming up with the lyrics just to make everything go smoother. I'm sorry if you hate it. Just fast forward. It won't hurt you. I guarantee you it won't hurt you.

2:33:55 Coming up next on the No Agenda stream, thank you, Sir Bemrose. We have, we get to do this episode number 52, which is titled Doomerang. I think you'll enjoy that. I certainly enjoy doing it with Pastor Jimmy, WGTDT.com. And I will return on Sunday with Sir Ducifer Rob Dew. We'll be rocking and rolling for you. We'll break down the crazy world around you, deconstruct some media, and have a few laughs. Until then, please remember us at NoAgendadonations.com. And remember, adios mofos and a hooey-hooey and such.

2:34:59 That's it. The clips are cut. The mics are hot for just a minute more. Ladies and gentlemen, the end of another No Agenda. The deconstruction's over. Every narrative's been turned. We read the news between the lines. We showed you what we learned. The media tried to spin it, but you heard it straight from here. To host a pile of clips and a producer base that's clear. The donations got the thank yous. The nights got their degree. The jingles hit their marks and the commerce flowing free. So shut the lights out gently. Let the final bubble play. It's the best podcast in the universe.

2:35:44 And we did it highway. Adios Mofos. We hood. We'll see you down the line. Sunday's coming round again. And everything's going to shine. Go to no action.com. Keep the value flowing through. Cause without you, there's no agenda. And there's no show without you. And Sunday's got a co-host coming in to take the chair. I'll do his riding second, so you better be there. He's bringing his opinions and he's bringing all his fire to five followers spirit and we'll take a show of life. So mark it on your calendar, your neighbor, and your friend. The narrative's unfinished, and we'll pick it up again. Two more days of madness out there in the demo nation. And we're back on Sunday morning for this kicker star station. Add your offs. We hood, we'll see you down the line.

2:36:26 Sunday's coming round again and everything's gonna shine. Go to no action.com, keep the value flowing through. Cause without you, there's no agenda, and there's no show without you. We don't take the money from the men in soups and ties. We don't read the sponsor script, we don't circle the lies. It's you, the producers, who make the show go round. So send a little value back and keep us on the ground. $5 or $500, every bit of it is true. It's value, value, and it all comes back to you. So here's to all the knacks and dames, the ITM brigade, the artists and the clip cutters, the ones who make the grave.

2:37:10 Here's to all the newcomers who found us just this week. Welcome to the real news and the truth that you can't see. Turn it out, go hug your family. Step outside and feel the sun. The world is crazy, sure. sure it is. But we're still having fun. Adios, Mofos, hoi, hoy, we'll see you down the line. Sunday's coming round again with the rock do right on time. Go to no action datalanations.com. Keep the value flowing through. Cause without you, there's no agenda, and there's no show without you. In the morning, everybody remember.

2:38:01 You make me want to throw up in my mouth.