Current Events: Why Does Tokyo Have Zero Homeless People While Iran Wages $100 Oil Economic War?

Dave Conley: 00:00:01

Here we go.

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Hello, ladies and gentlemen,

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Jerremy Newsome: Try number seven.

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712

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Dave Conley: For our very first

broadcast to both Quasar Markets

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and to Solving America's Problems.

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Oh, hello my friend.

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It's been too long.

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Good to see you.

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Jerremy Newsome: Yeah.

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Good to be back.

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Good to be here.

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Good to see your face as always.

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Love hearing your

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Dave Conley: I guess we should.

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I guess we should

introduce ourselves, right?

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Jerremy Newsome: Yeah.

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Yeah.

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Well, for the Quasar team, I'm a,

I'm a big fan of our boy, Steve.

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Him and I have been, connections

and, business partners in some

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degree for almost, almost a decade.

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He was a trading

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Dave Conley: Wow.

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Jerremy Newsome: so I, I learned a lot

from him regarding trading in the markets.

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I've been in the financial

industries for over 20 years.

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Learning, studying, trading

actively every single day.

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And, created a very large stock market

education company in which I have exited.

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And now I simply pour into individuals

and group containers to help people

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just maximize the wealth and really

focus on how they can become incredible.

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Legends for the world, right?

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Creating opportunities

and creating cash flow.

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And now Dave and myself have co-created

for the last two years, a podcast and

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a platform called Solving America's

Problems, where we do just that.

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We create an amazing of

co-creation between any party.

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Any idea, any belief system, we bring

it together to really understand

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how we can actually solve some of

the problems that are facing the

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greatest country in the world.

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And there's a lot of them, we do believe

that we can chip away at 'em over time.

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Dave, who are you?

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Dave Conley: Oh, who am I?

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Oh, you, you know, I've,

I've had all the hats.

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I, I love that.

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You know, like I, I've, I've

done everything from, Venture

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capital and, and angel investing.

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I've done philanthropy,

health and wellness coaching.

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then I was a senior technology executive,

executive, both for the government

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and then my first career was in, in

the internet, in, in technology there.

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and so it's been, it's been such

a, a cool, a, a cool journey.

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And then Jerremy and I met.

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A couple of years ago, and

he's like, man, politics.

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And I'm like, yeah, politics.

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And it's like he's like.

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I, I really wanna, change the world.

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And I'm like, I love, I

love how you're thinking.

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And so my world has now been all about

some of my passion, which is, is,

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politics because every, every single one

of my jobs was about, dramatic change.

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Dramatic change for individuals,

dramatic change with philanthropy,

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dramatic change for the internet,

dramatic change for government.

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And so like, that was my running theme.

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Change, change, change, change, change.

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And now this is such a, a connection

for me with a passion of, politics

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and money and, and Jeremy's

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Lifting Jerremy into, a, a

world where, where he's making

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a much bigger, difference in a

national and international level.

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So we, we have a plan,

we have a plan for it.

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And a big piece of that is a.

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Is, this podcast both learning and

connecting and, building and all of, not

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only connecting with you all, but also

learning from our part and connecting with

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people who are already making a difference

in, solving, America's problems and.

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I don't know.

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That's kind of our world.

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And, and I think the, the dream for, for

this, piece, because you're gonna have

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links to our regular podcast, our regular

podcast is, is what they call evergreen.

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like these are, these are, these

are evergreen problems and evergreen

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solutions, and they're gonna be as

valid as they can be for forever.

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If that problem in that solution.

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Don't meet, right?

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Like you, you, you can turn on a, a

one of our shows from last year and

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be like, oh, that's still a problem.

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Oh, those solutions still work.

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So that's what Evergreen means.

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And then these, we're gonna

be doing this once a week.

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if you are a regular, quasar

market person, you see me with,

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Steven on Tuesdays and Thursday

mornings as the market is opening.

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you might, you might see

special guest star Jerremy,

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Alexander Newsom, there as well.

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But this is for, Jerremy and

I, we, we do current events

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and we do them pretty often.

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And they are, they are

like, not evergreen.

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This is like, this is what's going on

and this is, this is, this is what's

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going on with both your money and,

and, and the politics and how those two

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interact and, like it's, it's a thing.

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So I think that's what we're, we're,

we're thinking on right now, is that.

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How does that sound?

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How does that sound?

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Jerremy Newsome: Yeah.

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Sounds awesome.

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So if you're listening,

interacting with us, thank you.

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Thanks for being a part of the audience,

and thanks for being a part of the Voice.

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And, Steven, if you're, if you're out

there, able to soak up this information,

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thanks also for the opportunity, man.

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Really appreciate it.

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So, Dave?

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Yeah, a lot going on, man.

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I just got back, nine

hours ago from Japan.

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Dave Conley: Holy smokes.

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Jerremy Newsome: Yeah.

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Tokyo To Los Angeles.

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Los Angeles to Vegas.

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I got a lot of thoughts about Japan.

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I was there and the Prime Minister

left and came, to the US and.

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Dave Conley: the then got wildly

insulted, but man, what a politician.

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She was like, all happy and, and, and

really just the, the, the tongue bath

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that every international leader has

to like, give, give the administration

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in order to like, keep 'em happy,

which I think is a brilliant idea.

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And also have tough conversations.

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So she was over here talking trade

and, and uh, and, and talking, uh,

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you know, international conflict.

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When you know, the president

talks about Pearl Harbor

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Jerremy Newsome: Bro.

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I

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Dave Conley: and she laughed it off.

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I'm like, brilliant.

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Jerremy Newsome: I thought, I

thought that was AI for like.

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I was like, is this, this

has to be a deep fake video.

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This has to be.

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I pull it up on a few different sources.

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I'm like, oh my God, I

think this is actually real.

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Dave Conley: It's like, could you

give us a heads up if you nuke

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something again, you know, like, ugh.

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Jerremy Newsome: oh my gosh.

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Oh my gosh.

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This Trump dude.

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What a character.

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Dave Conley: He if, if

it wasn't so serious.

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He is a funny, funny guy.

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Jerremy Newsome: yeah.

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Yeah.

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Well, I, I, I will say this, man.

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Dave Conley: Yeah.

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Jerremy Newsome: you spent a lot of

time in Japan, and you are, and were

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a big fan, and I am now a huge fan.

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What a country.

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Dave Conley: Right.

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Jerremy Newsome: So cool.

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Dave Conley: They got

it going on, don't they?

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Jerremy Newsome: Mm-hmm.

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Dave Conley: I said, I've always said

that they're like five years in the

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future and you don't even know it.

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It's like driving a Tesla, you know?

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It's like it's in the future and

you're, you get it right now.

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What?

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What, what was your experience?

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Jerremy Newsome: Oh my gosh.

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Oh my gosh.

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So I'm trying to really

distill down how they're doing.

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So much so correct.

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Because a lot of it feels like a top down

ideology potentially, or some type of.

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General culture of how they're

winning in such an a formidable way.

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Dave Conley: Yeah.

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Jerremy Newsome: I was in the

third largest city in the world

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for like four or five days.

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Tokyo, with approximately, it depends on

how you measure it, but around 40 million

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people, I didn't see one homeless person

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Dave Conley: Yeah.

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Jerremy Newsome: Not

one nowhere to be found.

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Dave Conley: Mm-hmm.

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Jerremy Newsome: What?

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Right.

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Okay.

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So, and I drove all around Tokyo.

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I mean,

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Dave Conley: right.

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Jerremy Newsome: I wasn't like staying

in a super, mean, I was staying in

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a nice hotel, but I wasn't in there.

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The only, I, I left, I walked

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Dave Conley: Yeah.

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Jerremy Newsome: lot, drove around a lot.

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Not a single homeless person.

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Dave Conley: Wow.

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Jerremy Newsome: two I could,

I could have eaten off of them.

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They were so clean.

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No

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Dave Conley: That's what I told you.

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I told you that right before

I was like, oh, guess what?

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No, no trash cans.

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Jerremy Newsome: Still

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Dave Conley: like everybody's

like, take your stuff with you

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Jerremy Newsome: oh man.

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Dave Conley: crazy.

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Right,

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Jerremy Newsome: I mean, just,

just absolutely immaculate.

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I mean,

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Dave Conley: right.

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' Jerremy Newsome: cause that size

of city, like I've mentioned a

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few times in the podcast, right?

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I live in Las Vegas and it

looks like someone purposely.

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Is littering Las Vegas, like someone

drives around with a truck and just gets

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paid to throw things out the window.

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that's what most of Las Vegas looks like.

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we, we have a, we barely

have 3 million people.

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And all around Las Vegas,

homeless people everywhere.

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good grief, Tokyo just

absolutely smashed it.

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And I went to other cities as

well, so it wasn't just Tokyo.

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I mean I visited five or six other

major large cities, same thing.

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clean streets, the people

are very nice everywhere.

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Uh, no homeless and the big one,

Dave, that I'm still trying to

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wrap my head around and I'm being

as literal as I possibly can here.

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I saw less than five overweight

individuals, less than five.

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and I mean maybe 10 a

dozen pudgy, pudgy people.

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Like, ah, you

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Dave Conley: Yeah.

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Jerremy Newsome: we've all been a little

pudgy in our lives at some point, right?

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Like me and you both have, it's like,

okay, we ate a little bit too many

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cookies, maybe had too much beer.

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less than 12, I mean.

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I saw millions of people a day

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Dave Conley: Yeah.

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Jerremy Newsome: all visibly healthy.

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I say visibly,

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Dave Conley: Yeah.

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Jerremy Newsome: always be things

under the hood, but what, what?

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no, homeless.

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Everyone's nice.

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Everything is clean.

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healthy, and it's the

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Dave Conley: Yeah.

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Jerremy Newsome: city in the world.

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I'm blown away.

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I'm actually truly trying to figure

out how they're pulling this off.

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The cost of food.

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The cheapest I've ever experienced

in any developed nation.

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Dave Conley: No kidding.

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Jerremy Newsome: Oh my gosh, dude.

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Dave Conley: And it wasn't just

like the, the, the exchange rate.

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It was like everywhere.

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Jerremy Newsome: And it, yeah.

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And it, and it also wasn't like,

we weren't eating terrible food.

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I mean, I went to a sushi restaurant that

was, the, the color of this ahi tuna.

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Was perfect.

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I mean, the flavor, the me and

eight people ate and drank like

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kings for three hours, three

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Dave Conley: Wow.

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Yeah.

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Jerremy Newsome: US dollars.

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Dave Conley: Oh, come on.

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Jerremy Newsome: I'm serious.

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I'm serious.

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I like, this is a, this

is a, they're, they're,

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Dave Conley: Wow.

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Jerremy Newsome: they

didn't measure something.

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Correct.

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This was a, one of the, one of the sushi

buffet, places like the conveyor belts.

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Dave Conley: Yeah.

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Jerremy Newsome: was incredible, man.

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I'm, I mean, I'm blown away and I mean,

that happened over and over and over.

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I, I went to a Kobe beef restaurant

that I ate, some of the steak there,

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and I actually cried a tear, like

water precipitation came outta my

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face as I was eating this food.

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it, it was incredible.

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I just had the

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Dave Conley: Amazing.

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Jerremy Newsome: such an awesome country,

amazing city, amazing people out of last.

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Dave Conley: Wow.

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so.

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Did you get underneath that?

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I mean, like, was it like where,

where, where is that right?

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Like I, I, I did, I, I did some

of my international residency

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for my, my master's there.

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That was a long time ago.

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Not a long, because I'm old now.

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Jerremy Newsome: it was a very long

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Dave Conley: I, I walked right into that.

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No, very, very long time ago.

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Back in the early 20 teens.

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it, it felt like so many things

were just sort of, culturally, just

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like built in, but also a, not only

demand of the culture, but just

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like the, the practice of people.

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Like, it was like people

were not putting up with.

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Litter or people, poor performance

or saying, like, it is like, no,

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we're not gonna have homeless.

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Like, that's barbaric, right?

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Like there's a, there's an empathy

and a a, upleveling a, a, like a

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demand of like, be your best self.

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And that's, that's a part of

the fabric of our society.

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So like that's a, that's,

that's something else.

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But there's also, there's, there's.

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There was also not a lot of diversity,

like there was a lot of Japanese,

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like, like Japanese and, and so like,

you do not have a lot of people from

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all over the planet and having this

big giant mixing bowl, and it's,

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and it's a relatively small country.

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So like, there was a, there was,

I mean, I noticed that as well.

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I don't, I don't know where, like

underneath all of this, what, what is it?

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What can we learn?

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What can we learn from the Japanese?

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Jerremy Newsome: it, I think

you said the word cultural,

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like it's, it's some level of.

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Just of integrity maybe or some

level of is who we are at our core.

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Dave Conley: Yeah.

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Jerremy Newsome: I mean, when's the last

president I, I, I would like to know,

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I'm sure we can search it, but the last

president was like, this country's dirty.

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Let's clean it up.

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I mean, it is like America's dirty.

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Dave Conley: Right.

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Jerremy Newsome: dirty now.

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Granted, it's huge.

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I get it.

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There's a lot of America to clean up.

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good grief, we're talking to any

city, every city, all of them.

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most roads,

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Dave Conley: Right.

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Jerremy Newsome: they're just filthy.

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There's trash everywhere.

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There's literally, literally everywhere.

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Dave Conley: Yeah.

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It's gross.

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Jerremy Newsome: and yeah, it's gross.

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I mean, I don't know, like just

having some level of appreciation

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for where we're at seems.

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just miserably underwhelming, right?

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Like it's just not really there.

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And again, many people might go,

well, America's so much larger.

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It's like physically landmass.

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Yes, of course, but Japan's

only half the size of America.

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150 ish million people Total.

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It's not small.

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again, granted most of 'em live in one,

a couple places, but geez, like those

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cities were and clean and, and it was

just really, really mind blowing how

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well they were run and operated and how

much, the hygiene was taken care of.

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And every single public bathroom,

unless, unless you were in like a

331

: 00:14:20

Buddhist shrine, kind of in the middle

of nowhere, almost every bathroom had.

332

: 00:14:27

a $2,000 toilet,

333

: 00:14:29

Dave Conley: Oh yeah.

334

: 00:14:30

Toto Totos the jam.

335

: 00:14:33

Jerremy Newsome: yeah.

336

: 00:14:34

Heated seats and all

337

: 00:14:36

Dave Conley: Oh.

338

: 00:14:37

Jerremy Newsome: So that was,

that was quite interesting.

339

: 00:14:38

May I, I really feel like it's

some level of a top down approach.

340

: 00:14:42

I did, I

341

: 00:14:42

Dave Conley: Hmm.

342

: 00:14:43

Jerremy Newsome: ask many of the, citizens

and people that I was interacting with

343

: 00:14:47

that spoke good enough English for me to

have that conversation, like in depth.

344

: 00:14:52

And the one that I got.

345

: 00:14:54

Really was that Japanese men and

women are too proud to be homeless.

346

: 00:14:59

That's what I heard from them.

347

: 00:15:00

Like, they're like, we're,

we're just too proud.

348

: 00:15:02

We're not going to accept it.

349

: 00:15:04

It's just not part of society.

350

: 00:15:05

We just don't believe

that that should happen.

351

: 00:15:08

Like that's just a

fascinating belief system.

352

: 00:15:11

Again, where'd you get that from?

353

: 00:15:12

Like what is it a cultural thing, and

obviously there's some degree of it that

354

: 00:15:15

it is, but it's also been passed down

and it's been carried for more than.

355

: 00:15:22

A few decades, obviously, and it's just

really remarkable to me how they have kept

356

: 00:15:27

such a level of integris, and integrity

in their day-to-day activities and

357

: 00:15:33

their faith and their beliefs and their

operations in the way they see the world.

358

: 00:15:37

It's really, really fascinating.

359

: 00:15:39

Dave Conley: God, I love that.

360

: 00:15:40

so many of the problems that we've

approached in the last, like year and

361

: 00:15:43

a half, like we, we get some running

themes and, one of the running themes

362

: 00:15:47

is like, where does all the money go?

363

: 00:15:49

That's, we just pour money in into things.

364

: 00:15:54

And the other one is, is, is the

tremendous power of, of community.

365

: 00:15:59

The tremendous power of, of parenting,

the tremendous power of, of, of friends.

366

: 00:16:04

And, and when, when some of that

civilization gets like a little

367

: 00:16:11

bit of civilization dropping away

really has a cascading effect.

368

: 00:16:15

like it's, it, it shows up

in the, in the littering.

369

: 00:16:19

It shows up in the, in the, the schools

that are, are failing and not having

370

: 00:16:24

like a real laser-like, attention to be

like, no, this is going to be amazing

371

: 00:16:29

and our, our kids are gonna thrive.

372

: 00:16:31

It's gonna show up in.

373

: 00:16:33

People who are in prison, and there

for a long time, and the success

374

: 00:16:37

that comes out of prison are those

that had to do it themselves.

375

: 00:16:42

And like, man, we could make so

much change with, with our prison

376

: 00:16:46

system if there were actual

programs of rehabilitation.

377

: 00:16:50

But at the core of that, like we talked

to person after person after person.

378

: 00:16:53

Was this strong desire of change and

the strong desire of, of excellence

379

: 00:16:58

and the strong desire of like, okay,

this is going to be different now and

380

: 00:17:01

I'm going to seek and have mentors.

381

: 00:17:04

so like.

382

: 00:17:05

Those are like, that feels like a couple

of the running themes that we, I mean,

383

: 00:17:09

other than, I mean, like, changing

voting, it's like we, we landed on

384

: 00:17:13

a, on a couple of themes right there.

385

: 00:17:14

It's like, man, the

money in this is crazy.

386

: 00:17:18

and and then it was like,

well, stop gerrymandering

387

: 00:17:21

and it's okay to have an id.

388

: 00:17:22

You know?

389

: 00:17:24

Jerremy Newsome: Yeah.

390

: 00:17:24

Yeah.

391

: 00:17:25

Right.

392

: 00:17:27

Agreed.

393

: 00:17:28

Dave Conley: Hmm.

394

: 00:17:30

Jerremy Newsome: Really some really,

really cool, just beautiful realizations.

395

: 00:17:33

And, what's, what's going on right

now with this Iran situation, man?

396

: 00:17:36

How is this impacting your political

sphere and what you see out there?

397

: 00:17:41

Dave Conley: I went back and looked

at some of my notes, uh, three weeks

398

: 00:17:44

ago as this was just kicking off.

399

: 00:17:46

and I was, on with, with Steven.

400

: 00:17:48

And, at, at that time, at the

beginning of this, it was, like the

401

: 00:17:52

markets weren't really doing, like,

like, Oil was sort of up and down.

402

: 00:17:57

it, it seemed like there was a real break

in reality, between markets and reality.

403

: 00:18:04

I mean, like mar like what was happening

politically and internationally versus

404

: 00:18:08

like what was being reflected like,

there was a total risk divergence and.

405

: 00:18:15

Politically, I was like, man, I don't mean

to be a dor or a panic in here, but every,

406

: 00:18:25

every political person that I value has

said repeatedly like, this is a, this is

407

: 00:18:33

like, you guys don't know what's, what's

what, how this, how badly this can go.

408

: 00:18:38

and it's more likely than not

because the United States and Israel.

409

: 00:18:44

Are not in control here.

410

: 00:18:46

it is not like anything that we have

seen and fundamentally, the United

411

: 00:18:52

States and Israel were, fighting a war.

412

: 00:18:56

Not only a war of choice,

but a war of violence.

413

: 00:19:00

And the Iranians could never

fight a war of violence.

414

: 00:19:05

They are fighting a war of.

415

: 00:19:09

Economics, they have to, they can't

go head to head with Israel and

416

: 00:19:13

head to head to the United States.

417

: 00:19:14

That's crazy talk.

418

: 00:19:16

So having an economic impact is

where you actually can make a

419

: 00:19:21

difference, because fundamentally, it

is an existential problem for Iran.

420

: 00:19:26

existentially, they're

like, we, we want safety.

421

: 00:19:30

and, we want economic freedom

and we don't want to be bombed.

422

: 00:19:36

And, like on and on and on.

423

: 00:19:38

It's like the normal stuff, regardless

of what you think of, the Iranian

424

: 00:19:42

world and, and how they're run.

425

: 00:19:44

like I, I, from my, my.

426

: 00:19:47

My partner who actually is over in that

part of the world and talks about, it's

427

: 00:19:52

like, look, it's a very conservative

country, but I think the Americans

428

: 00:19:55

have a very, very, like, not a very

good view as to what's actually there.

429

: 00:20:00

yeah, it's conservative and yeah, they

don't have a great government and, uh,

430

: 00:20:04

people complain about their government.

431

: 00:20:05

But yeah, of course you see

it like they don't work.

432

: 00:20:07

Burkas.

433

: 00:20:08

Like, that's dumb.

434

: 00:20:09

like they, that's, that's not

even part of their religion.

435

: 00:20:12

That's, that's on the, on the

Sunni side, not the Shia side.

436

: 00:20:15

and like, and they're very educated

and, and like, they have a stock

437

: 00:20:19

market, like, come on guys.

438

: 00:20:20

like it's a big as country, that,

that people complain about their,

439

: 00:20:24

their government and, and then she

said, kind of like you, and I'm like.

440

: 00:20:30

I'm like, oh yeah, you,

you, you got me there.

441

: 00:20:33

and then it's a very big

existential, issue for Israel.

442

: 00:20:37

like they want everybody around them

to be broken so that they feel safe.

443

: 00:20:42

And so I, I get it on both those sides

and here we have the United States,

444

: 00:20:46

being like, okay, like we're in this.

445

: 00:20:48

And so like, we have three people in

this, and the person who I, not the

446

: 00:20:53

person, the, the group that is deciding

the escalation factor of this and the

447

: 00:20:58

escalation ladder on this and whether

this is going to end or not, is Iran,

448

: 00:21:04

like, it, it is not it, like Israel is, it

can't stand up and say, okay, we're done.

449

: 00:21:08

United States can't, Trump can't come

out and say, okay, we're done because,

450

: 00:21:13

Iran will always be like, okay.

451

: 00:21:16

Look, you've, you've screwed us twice.

452

: 00:21:18

Like you bombed the crap of us last year.

453

: 00:21:20

like we came and we talked to you

twice now, and each time you either

454

: 00:21:25

killed our people or like you're

not a, you're like, we can't talk

455

: 00:21:29

to you because we can't trust you.

456

: 00:21:31

And I'm like, ah.

457

: 00:21:32

As soon as you start putting yourself

in at least a little bit of, of the

458

: 00:21:36

shoes, of whoever it is, you're quote

unquote fighting, you're like, of course

459

: 00:21:40

they're going to like, like strangle the

United States and strangle the world,

460

: 00:21:46

economically, and they are succeeding.

461

: 00:21:49

they are going to do that,

until they get what they want.

462

: 00:21:53

And, I don't see that real risk.

463

: 00:21:56

In the market, and that's what

I want to know from you because

464

: 00:21:59

it wasn't there three weeks ago.

465

: 00:22:01

And I've, I've checked Trading View

a couple of times and I'm like, well,

466

: 00:22:04

okay, the 10 year note's going up,

I don't even know what that means.

467

: 00:22:08

oil is hovering in areas like a hundred

bucks, but every supply shock that we

468

: 00:22:17

have ever had has resulted in a recession.

469

: 00:22:22

Every single one.

470

: 00:22:23

and I'm not hearing, I'm not hearing

hearing, anybody say, okay, what's

471

: 00:22:30

the wind beneath the wing winds of

the, like, how is this time different?

472

: 00:22:35

Like, it's, it's not there.

473

: 00:22:37

And I'm like, okay, well

convince me that it's different.

474

: 00:22:40

So like, I mean, what, what's

going on on the money side of this?

475

: 00:22:43

Because it's.

476

: 00:22:46

There's already a problem with the

reality on the political side and

477

: 00:22:49

underneath the political reality

of it that's actually there.

478

: 00:22:52

It's like it's bad and it's not

going to get better until Iran says.

479

: 00:22:58

Jerremy Newsome: Well, from the money

perspective, I mean, it's, really like

480

: 00:23:02

what you said is this has happened before

and it seems like it's the, I mean, it

481

: 00:23:10

almost seems like a carbon copy what

has not only happened in Afghanistan,

482

: 00:23:20

insert other, Republicans that were

in office that were doing all this

483

: 00:23:25

with the weapons, mass destruction,

saying they have all these things

484

: 00:23:28

and they're doing all these things.

485

: 00:23:29

We're like, we can kind of study what

has happened before and when that did

486

: 00:23:33

occur, I mean, the markets were very

high markets are quite high again.

487

: 00:23:41

So there is definitely some

reasoning and some rationale that we

488

: 00:23:44

actually do and can have, at least

a pullback in the general markets.

489

: 00:23:51

I would, I would like to see that.

490

: 00:23:52

And the truth is we kind

of are and kind of did.

491

: 00:23:55

So the s and p, We went up to

almost, almost 7,000, 7,000, sorry.

492

: 00:24:03

7,002 was the high back in January,

so we made a new all time high.

493

: 00:24:08

And then we have pulled back

about 7% since then in the

494

: 00:24:11

last two or three months.

495

: 00:24:12

we have had that quote unquote

pullback, just generally speaking.

496

: 00:24:17

But the, from the general

macro perspective, it seems

497

: 00:24:21

like to me that we do need.

498

: 00:24:26

little bit more of, I wouldn't call it

a recession, but we definitely do need

499

: 00:24:31

a little bit more of a, of a resting

period in the general broader markets.

500

: 00:24:35

Let this really digest, let this calm

down, let people kind of just see and feel

501

: 00:24:39

and know and understand what's happening,

before we do end up going higher.

502

: 00:24:43

And I think that we can, 'cause

there's still a lot of money.

503

: 00:24:46

A lot of money on the sidelines,

a lot of people kind of waiting

504

: 00:24:49

it out to see what's gonna happen.

505

: 00:24:51

And there's always

something with Trump, right?

506

: 00:24:53

There's always like a, oh,

it's an interest rate thing.

507

: 00:24:55

It's gonna be a Fed thing.

508

: 00:24:56

It's gonna be a war thing.

509

: 00:24:57

Let's see how this

Venezuela thing happens.

510

: 00:24:58

Let's see how this first year goes.

511

: 00:25:01

There's a lot of people that are on

the sidelines and fortunately slash

512

: 00:25:05

unfortunately, when the markets go

a little bit higher, that's when

513

: 00:25:08

people are gonna start piling in.

514

: 00:25:10

And they don't want to

buy it when it's down.

515

: 00:25:12

'cause they're always

gonna have that fear.

516

: 00:25:15

But I do think, and I kind of get

the sense that we, we can and should

517

: 00:25:19

have actually a little bit lower

of a, of pullback before, before

518

: 00:25:24

things get a little bit better,

just from a financial standpoint.

519

: 00:25:27

But the, the real cause and the

real issue that a lot of people are

520

: 00:25:31

feeling is gonna be the inflation.

521

: 00:25:33

I mean, higher oil prices,

higher gas prices, everything

522

: 00:25:37

is gonna be more expensive.

523

: 00:25:38

And that, that happened

immediately, overnight.

524

: 00:25:41

I mean, in Vegas.

525

: 00:25:42

The prices of gas doubled in a week.

526

: 00:25:47

So that is a very, very real felt

pinch, here in the US and I think

527

: 00:25:52

that that is gonna have a trickle down

effect in the not too distant future.

528

: 00:25:57

markets go.

529

: 00:25:59

Down a little bit in the next of weeks.

530

: 00:26:02

and then that's probably gonna create

some level of a bottoming effect.

531

: 00:26:05

And then as we start to go higher, the

new money that's still out there on the

532

: 00:26:10

sidelines does begin to kind of pile in.

533

: 00:26:12

'cause there is still a lot, there's

a lot of money out there waiting and

534

: 00:26:16

figuring out where to actually place it.

535

: 00:26:18

Dave Conley: So let's, okay.

536

: 00:26:20

I hear you right.

537

: 00:26:22

I'm still looking for the good news here.

538

: 00:26:24

So yeah, there's a lot of money on the

sides and I, at least, at least because

539

: 00:26:29

you, you taught me well on like, well.

540

: 00:26:33

The markets have a lot of

quote unquote feelings, right?

541

: 00:26:36

Like there's a lot of, like

that drives a lot of stuff.

542

: 00:26:39

And then you put algorithms behind it with

these, crazy computers and like you're,

543

: 00:26:43

it, it just magnifies your feelings.

544

: 00:26:46

and there is a facts, like there

are real facts behind this.

545

: 00:26:51

And you said one of them, which

is key, which is inflation.

546

: 00:26:55

Gas is up 25% in the United States.

547

: 00:26:57

And, diesel, I mean, every, everything

that moves, I mean, diesel's up over

548

: 00:27:02

almost 40% just in the United States.

549

: 00:27:05

like, so that's anything that moves,

550

: 00:27:08

Jerremy Newsome: Mm.

551

: 00:27:09

Dave Conley: air, like,

air fuel, I don't know.

552

: 00:27:11

What, what do you call it?

553

: 00:27:12

Air jet, jet fuel, like that's

going through the roof, I guess.

554

: 00:27:17

In the United States, we're

gonna feel it the least because

555

: 00:27:21

we are the richest, right?

556

: 00:27:23

like the us So like a, like a lot of the

fertilizer that's like bound up in all

557

: 00:27:29

of this, the United States bought has,

like, because we're in growing season,

558

: 00:27:32

the United States has bought a lot of it.

559

: 00:27:35

so we're gonna have the lowest high gas in

diesel prizes, but the rest of the world.

560

: 00:27:41

Is, is is not good.

561

: 00:27:44

And we are an interconnected world, right?

562

: 00:27:46

like Indonesia, like they

are, they are in dire straits.

563

: 00:27:50

Philippines is like,

okay, don't come to work.

564

: 00:27:53

there are lots of places in the world

where, like a lot of manufacturing, a

565

: 00:27:57

lot of trade, a lot of things happen.

566

: 00:27:58

I mean, Belgium is saying,

Hey, conserve fuel.

567

: 00:28:01

So like this is, driving

into European economies.

568

: 00:28:05

And the one thing I know about

feelings and markets is, is,

569

: 00:28:10

markets do not like chaos.

570

: 00:28:12

All we have is chaos right now.

571

: 00:28:15

And a very chaotic, United States

a completely, like, unpredictable,

572

: 00:28:20

I saw, I saw Trump, like right

before we started, taping here.

573

: 00:28:24

Trump was like, okay, we're

not gonna bomb your stuff.

574

: 00:28:26

We're not gonna bomb your power plants.

575

: 00:28:28

We're not gonna, commit

a heinous war crime.

576

: 00:28:30

So like, thanks.

577

: 00:28:32

But, then the Israelis came up,

like Israelis came in and started

578

: 00:28:35

bombing infrastructure, right?

579

: 00:28:37

So like, it's,

580

: 00:28:37

Jerremy Newsome: Mm-hmm.

581

: 00:28:38

Dave Conley: the Iranians are

like, okay, like game's still on.

582

: 00:28:42

okay, so let's, let me put it

this way, let's flip it around.

583

: 00:28:45

Let's just say that that

Epic Fury operation, epic

584

: 00:28:49

Fury is a, an epic success.

585

: 00:28:54

like it's soon and like everybody's

shaking hands and like there's a big,

586

: 00:28:59

big hug in Tarran with, with, Trump

and the ayatollah, like everybody's

587

: 00:29:04

shaking hands, bebe's like high fiving.

588

: 00:29:06

Let's say that, like, let's say

that's our dream world now, right?

589

: 00:29:10

What's, what's the best economic

good that can happen out of that?

590

: 00:29:16

Because I, I'm.

591

: 00:29:18

I'm struggling figuring that piece out.

592

: 00:29:20

like everybody's saying, Hey, like at

least on the Israeli and the, and the

593

: 00:29:23

Amer, or at least on the American side,

it's like, Hey, don't worry about it.

594

: 00:29:26

It's going to be fine.

595

: 00:29:28

We've had 20% of the fuel, stopped

for now three weeks, and that's

596

: 00:29:33

a big kink in the fire hose.

597

: 00:29:35

And when you un kink that, it's not like.

598

: 00:29:38

It all goes out all at once

and like everybody's happy.

599

: 00:29:41

Like there, there's like the, the market

is not gonna be able to absorb all of that

600

: 00:29:46

because you have to use it for something.

601

: 00:29:49

And then like a lot of it's offline.

602

: 00:29:51

like for maybe years is, is what,

like one of the gccs are saying, it's

603

: 00:29:55

like, okay, like things are screwy.

604

: 00:29:58

So we're not gonna return to like

the heyday of, of three weeks ago.

605

: 00:30:02

And everybody's like,

okay, everything's fine.

606

: 00:30:05

But what's after this?

607

: 00:30:06

Like, all I see is bad news.

608

: 00:30:09

like, this doesn't get

better and it gets worse.

609

: 00:30:11

And like it's an economic

war more than anything else.

610

: 00:30:14

And like, you can't bomb

your way to peace on this.

611

: 00:30:17

Like, you have to land a bunch

of troops in order to like,

612

: 00:30:19

like control the country.

613

: 00:30:22

Like no Air War has ever solved anything.

614

: 00:30:25

Like you have to, you have to put

on troops, which, is like Americans

615

: 00:30:29

gonna like, be okay with that.

616

: 00:30:31

I'm not, like there should be

like riding in the streets.

617

: 00:30:33

I got, my sister here and she's

like, my kids are gonna go, straight

618

: 00:30:36

to like, hell no on that one.

619

: 00:30:39

So like, what's the

best economic scenario?

620

: 00:30:43

I haven't heard it.

621

: 00:30:44

I mean, like Scott Bessant has been

the only person from the administration

622

: 00:30:48

that's been out there the last two

weeks, talking about these things.

623

: 00:30:50

They do not have Marco Rubio.

624

: 00:30:52

They do not have Hegseth.

625

: 00:30:53

They do not have the vice president.

626

: 00:30:55

It is the economic guys.

627

: 00:30:57

It's the economic council.

628

: 00:30:58

what's his name?

629

: 00:30:59

Hesser.

630

: 00:31:01

and and, and, Bassett, the

Treasury Secretary, like who cares?

631

: 00:31:05

Like, I do not care.

632

: 00:31:06

But that means that they're looking at

this through an economic lens, but they're

633

: 00:31:09

talking about it through a violence lens.

634

: 00:31:11

And I'm like, ah, so what's the best case?

635

: 00:31:14

Like, what's the great case

here of like, oh, economically,

636

: 00:31:17

this is gonna be awesome.

637

: 00:31:20

Is there one.

638

: 00:31:21

Jerremy Newsome: I think the only

one is a, an asset bubble in the

639

: 00:31:26

markets, in the stock market.

640

: 00:31:28

other assets will feel pretty pinched

and pretty unsexy for a while, but

641

: 00:31:33

with the asset bubble, what that would

sound like is, yeah, Trump big, high

642

: 00:31:40

five, big hug, big celebratory moment.

643

: 00:31:43

They, they announced some, they, he

announces some special deal they've

644

: 00:31:48

created where they release oil.

645

: 00:31:51

They, they cheapen it and we have

back to a dollar a gallon in the us.

646

: 00:31:57

supply like crazy.

647

: 00:31:59

We get so much.

648

: 00:32:00

The prices dropped dramatically and.

649

: 00:32:04

That creates, in my opinion, a shift.

650

: 00:32:08

But because right now we're

in an, an energy, energy has

651

: 00:32:11

been increasing dramatically.

652

: 00:32:12

You mentioned like an economic war.

653

: 00:32:14

So like the energy sector has been

going bananas for most of January,

654

: 00:32:19

so January, February, March.

655

: 00:32:22

I mean, energy's up energy stocks,

generally are up like 35, 40, 40 5%.

656

: 00:32:28

So.

657

: 00:32:29

it's an energy company, it's

probably doing pretty well.

658

: 00:32:33

you have energy come back

online, tons of supply.

659

: 00:32:36

Again, this is best

case scenario that we're

660

: 00:32:38

Dave Conley: Right.

661

: 00:32:39

I'm, I'm looking for it right,

like, because I'm not seeing it.

662

: 00:32:42

Jerremy Newsome: so, so energy stocks

go down, because you have more supply

663

: 00:32:46

and then the money rushes back into

the companies and the stocks and the.

664

: 00:32:53

People that need the energy to go higher.

665

: 00:32:55

and that creates a really, really

good resurgence in the stock market.

666

: 00:32:59

And then, like I said, all the money

that's on the sidelines, they've

667

: 00:33:01

been waiting for something to happen.

668

: 00:33:02

So that's when they all kind of

pile in and say, all right, sweet.

669

: 00:33:05

Well, war in the Middle East is over.

670

: 00:33:08

that creates a Ukraine, Russia

piece treaty, Hey, we solved Iran.

671

: 00:33:13

I'm Trump, I'm the greatest.

672

: 00:33:14

You guys need to figure this out.

673

: 00:33:16

Then, Ukraine and, and Putin

become best buddies again.

674

: 00:33:19

And then that.

675

: 00:33:20

Precipice sends

676

: 00:33:22

Dave Conley: Uh,

677

: 00:33:23

Jerremy Newsome: wave

678

: 00:33:24

Dave Conley: up.

679

: 00:33:25

Okay?

680

: 00:33:25

Jerremy Newsome: Open

opens up all kinds of

681

: 00:33:26

Dave Conley: Okay.

682

: 00:33:28

Jerremy Newsome: That's the

683

: 00:33:28

Dave Conley: I hear you on Russia.

684

: 00:33:30

Okay.

685

: 00:33:30

I hear you on Russia.

686

: 00:33:31

Actually, I, I was like.

687

: 00:33:33

Where is the supply

actually gonna come from?

688

: 00:33:35

It can't come from Venezuela.

689

: 00:33:37

That's, that's, I, I can't believe

I've actually learned about

690

: 00:33:39

something about these commodities.

691

: 00:33:41

like Venezuela has this like, like gooey

mess that, funny enough, can really

692

: 00:33:46

only, there's only a couple places

on the planet that can process it.

693

: 00:33:49

And one of 'em in, most of it's

in, in Houston, I think, surprise.

694

: 00:33:54

So that's, that's very intensive stuff.

695

: 00:33:57

and then where else could it come from?

696

: 00:33:59

Because there's, there's pieces of the

Gulf states that are offline and it,

697

: 00:34:05

at least we don't hear what's actually

going on because they are so tightly

698

: 00:34:09

controlled and what they've actually said.

699

: 00:34:13

With these, I don't even know what this

word actually means, force majeure.

700

: 00:34:17

I had to, I had to look it up.

701

: 00:34:18

It's like, we're not, we're, we're

not paying attention to the contract

702

: 00:34:21

we signed because we can't, right.

703

: 00:34:23

Like, active bombs, I guess.

704

: 00:34:25

like there is going to be a reduction in

the amount of fuel and distillates and

705

: 00:34:31

distillates and, and stuff, for a while.

706

: 00:34:34

it's in some cases, years, they, natural

gases like pinch, but the supply could

707

: 00:34:40

come from Russia is what I'm hearing.

708

: 00:34:42

I'm like, oh, all right.

709

: 00:34:43

Well, yeah, because that's been

sanctioned for a long time.

710

: 00:34:46

If we just turned on the engine there.

711

: 00:34:48

I mean, that sounds pretty good.

712

: 00:34:50

I mean, I mean, but, and Europe

has to be like, okay with that,

713

: 00:34:55

Jerremy Newsome: Yeah.

714

: 00:34:55

Dave Conley: that's not, that's not just,

715

: 00:34:57

Yeah.

716

: 00:34:57

Jerremy Newsome: This is still,

this, this is still best case.

717

: 00:34:59

And I, I think that that's, I

think that that's the only, the

718

: 00:35:02

only way we get outta this pickle.

719

: 00:35:03

And then, again, Trump paints himself as

the, the war hero and everyone, it was

720

: 00:35:09

right around, it's right around 250 year.

721

: 00:35:13

4th celebration, of this country, right?

722

: 00:35:16

A bunch of money comes into the

markets and we, and we soar higher.

723

: 00:35:19

And it feels like right, that's what's

happening is some, some people, some

724

: 00:35:23

people are feeling like they're becoming

wealthier because there are assets

725

: 00:35:27

that are increasing dramatically.

726

: 00:35:29

but in reality, the underlying

cost of everything they pay for

727

: 00:35:33

is also astronomically higher.

728

: 00:35:35

So

729

: 00:35:35

Dave Conley: Yeah, the, the inflation is,

730

: 00:35:37

Jerremy Newsome: out.

731

: 00:35:38

Dave Conley: inflation is sticky, right?

732

: 00:35:40

I, I think that's the phrase.

733

: 00:35:42

So like the inflation is already

being slammed in the economy and

734

: 00:35:46

we'd have to see deflation happen.

735

: 00:35:50

by cheap fuel coming in, right?

736

: 00:35:53

Or is it gonna be like permanent

because it, it's gonna go into

737

: 00:35:56

everything and it's gonna be in

stuff that we don't even know, right?

738

: 00:35:59

Like, like, like medicine and,

and like back, back in Monday.

739

: 00:36:05

like we, we studied theory.

740

: 00:36:07

We studied theory of constraints, and

it's because we lived in a global world.

741

: 00:36:11

And the idea is that it, you don't

keep inventory around you, just,

742

: 00:36:15

you, you make it as it comes in.

743

: 00:36:17

And like the supply chain is the thing.

744

: 00:36:20

So now the supply chain is broken.

745

: 00:36:22

Like it wasn't COVID because.

746

: 00:36:23

Like people can't make things because

the, the, the ingredients that come in

747

: 00:36:28

are, like it's not there and, or the

money or the oil is being sucked up by

748

: 00:36:32

wealthier countries like Japan is going

to like, like, pay anything they want

749

: 00:36:37

in order to get the fuel that they need.

750

: 00:36:39

Right.

751

: 00:36:39

Like they are going to have, like

the United States, like we are net

752

: 00:36:43

producers, but like the prices are gonna

go up because it's a global economy.

753

: 00:36:47

So, but like making drugs or making

detergents or whatever in another

754

: 00:36:53

country is gonna be like, oh my god.

755

: 00:36:55

like we don't have this, oil ingredient.

756

: 00:36:59

And it might be that far, the way I'd put

it is it's like a Boy Scout troop walking,

757

: 00:37:04

through the woods and the guy up front at

the very beginning, like, bends over to

758

: 00:37:10

tie his shoe and then burst into flames,

like, like that's, that's where we're at.

759

: 00:37:17

because there's, there's, there's

a, there is a bit of a demand

760

: 00:37:20

destruction that's gonna take a lot

longer to get through the system.

761

: 00:37:24

And, I don't know if we know what that is.

762

: 00:37:27

Like.

763

: 00:37:27

Okay, you, you tell me.

764

: 00:37:28

Like, I, I saw that gold was like dropping

and I know gold has been like on a tear.

765

: 00:37:33

And the only thing I can think of

is that, like those are, are large

766

: 00:37:37

institutional holders or even nation

states that are, are liquidating

767

: 00:37:41

their positions and moving, like,

and, and using it for something else.

768

: 00:37:45

because that's not individual investors.

769

: 00:37:47

Those are, those are the big

guys being like, okay, skedaddle.

770

: 00:37:51

I, I thought gold was like a safe

haven, but they're, they're, they've

771

: 00:37:54

gotta be using that for something else.

772

: 00:37:56

I, I saw a little bit of like, the same

thing with the, the Bitcoiny folks.

773

: 00:38:00

like the, so there's a, there

money is going somewhere, right?

774

: 00:38:04

there's, there's some flight to safety.

775

: 00:38:07

I don't know what this means,

but I saw one guy on X say.

776

: 00:38:12

Last year when all the tariffs

went in and the stock market went

777

: 00:38:16

crazy, like what people were paying

attention to was the bond market.

778

: 00:38:19

And the bond market got to 4.5%.

779

: 00:38:22

That means money got very expensive

and exact that, that exact same

780

: 00:38:26

moment, Trump said, okay, we're

putting all these tariffs on pause.

781

: 00:38:30

So I, I think that there's, they're,

they're speculating, I guess

782

: 00:38:33

they're saying is that there's a.

783

: 00:38:35

Like if Trump treats the stock

market as his own personal approval

784

: 00:38:40

rating of the economy, that the bond

market is even more important to

785

: 00:38:44

him because he is a real estate guy.

786

: 00:38:47

I don't know what any of that means as

far as gold, Bitcoin, and, and treasuries.

787

: 00:38:53

Like what, what do people need to know

or what, like how does that affect me?

788

: 00:38:56

I don't know.

789

: 00:38:57

You tell me.

790

: 00:38:57

I, I know nothing.

791

: 00:38:59

Jerremy Newsome: Yeah,

I, it's a valid point.

792

: 00:39:01

I, I don't think that Trump cares

about the bond market as much

793

: 00:39:08

as people probably want him to.

794

: 00:39:10

I think he cares about two things, real

estate prices and the stock market.

795

: 00:39:13

Dave Conley: Mm-hmm.

796

: 00:39:14

Jerremy Newsome: market's

gonna be his barometer.

797

: 00:39:16

He wants real estate to go up for

him and all of his rich buddies.

798

: 00:39:20

the stock market is how he wants the

general public to kinda like view him.

799

: 00:39:24

Dave Conley: Yeah.

800

: 00:39:25

Jerremy Newsome: he is, he is going

to leave the office with a higher

801

: 00:39:28

market and he'll do anything in

his power to, to make that happen.

802

: 00:39:33

And this is, this is one of those

ploys right now, because the market's

803

: 00:39:38

like three and a half hours ago.

804

: 00:39:43

We were down 1.5%

805

: 00:39:45

overnight, right?

806

: 00:39:47

People were like, oh

gosh, here, here it comes.

807

: 00:39:48

Like World War II is happening.

808

: 00:39:50

Well, since then, we're up 1.6%.

809

: 00:39:54

So we've had a

810

: 00:39:55

Dave Conley: Oh,

811

: 00:39:55

Jerremy Newsome: per,

812

: 00:39:56

Dave Conley: on.

813

: 00:39:56

Jerremy Newsome: had a 3% move higher

the markets in the last two and a half

814

: 00:40:01

hours because Trump posted, specifically

that they're not gonna, they're

815

: 00:40:06

not gonna bomb the infrastructure.

816

: 00:40:09

Hey, we're, we're, we're.

817

: 00:40:10

was it.

818

: 00:40:11

Dave Conley: Thanks.

819

: 00:40:13

Jerremy Newsome: thanks.

820

: 00:40:13

Dave Conley: kidding.

821

: 00:40:14

We're gonna, oh wait, we're gonna wait.

822

: 00:40:16

We're gonna wait to bomb

the infrastructure until

823

: 00:40:18

the markets close on Friday.

824

: 00:40:21

That's what I just read.

825

: 00:40:23

Jerremy Newsome: Probably right?

826

: 00:40:24

It's pretty

827

: 00:40:25

Dave Conley: God.

828

: 00:40:26

Jerremy Newsome: So we.

829

: 00:40:27

We terrify.

830

: 00:40:29

Everyone was terrified overnight and

super scared in that one post, and

831

: 00:40:33

now everything's perfectly fine again.

832

: 00:40:35

So, yeah, it is really, really interesting

to see just the general distortion.

833

: 00:40:40

But what I am noticing for sure is

that's he, he knows what strings to pull,

834

: 00:40:45

tariffs w War, and there's gonna be one

other one that still hasn't happened yet.

835

: 00:40:51

I'm gonna let you know when it occurs, but

836

: 00:40:53

Dave Conley: Mm.

837

: 00:40:53

Jerremy Newsome: something

related to real estate.

838

: 00:40:56

Whatever that string is.

839

: 00:40:58

people will be angry when it's

happening and then he'll release

840

: 00:41:01

it after the market's down enough

saying, okay, all, everything's fine.

841

: 00:41:05

'cause that's how he's helping

every, everyone get in.

842

: 00:41:08

I mean, he is the, he is the trader

of all insider traders right now.

843

: 00:41:14

he knows what's going on.

844

: 00:41:15

He knows why it's going on,

and a lot of people are on the

845

: 00:41:18

inside are benefiting from it.

846

: 00:41:19

So, it is, it is quite interesting to see

how it's moving, see how it's shaping up.

847

: 00:41:25

Dave Conley: I, I'm, I am

going to stick to my guns.

848

: 00:41:28

the, the, the US and and Israel are not

in control of this escalation ladder.

849

: 00:41:35

They are, they are fundamentally fighting

a different war than the Iranians.

850

: 00:41:40

And the only, the only way

this could possibly, and

851

: 00:41:47

it's like the slimmest thing.

852

: 00:41:49

is, is, destabilizing the economy

even more somehow in Iran.

853

: 00:41:55

And the IRGC actually starts to

lose control of, of the country

854

: 00:42:01

because it's a very, it's, it's

a very, it's a very big country.

855

: 00:42:05

but a lot of that ha would have to do

with, with, with seizing their ability

856

: 00:42:11

to make money, which is all in oil.

857

: 00:42:14

Jerremy Newsome: Mm-hmm.

858

: 00:42:15

Dave Conley: That's a lot.

859

: 00:42:16

that's not one or few.

860

: 00:42:17

That's not a few troops.

861

: 00:42:18

That's a lot.

862

: 00:42:19

And then like our, our young men and

our young women are coming home in

863

: 00:42:25

bags and I just, I don't see, I do

not see the American people putting

864

: 00:42:32

up with any of that so politically.

865

: 00:42:36

There, there is nothing, like Steven

wanted me to actually like, put my,

866

: 00:42:40

my, my flag in the ground of like,

what's gonna happen at midterms.

867

: 00:42:44

And three weeks ago I

was like, I don't know.

868

: 00:42:46

Now I'm, I am certain that there is,

there is with without some weird,

869

: 00:42:52

something that I can't even expect.

870

: 00:42:54

There is nothing about the Republicans

holding onto now the Senate.

871

: 00:43:00

Or, Congress and like you're going

to see a demand by people, that Trump

872

: 00:43:06

used to have, like he used to have

the, the, the middle of the rotors.

873

: 00:43:10

like, like you and me of like, don't put

us in a, in a, in a, in a category, like

874

: 00:43:15

we're, we're not of the left and we are

not of the right as far as the, the labels

875

: 00:43:20

go, but we are of the left and the right.

876

: 00:43:22

It depends on the issue, right?

877

: 00:43:24

like he doesn't have the

young people anymore.

878

: 00:43:26

and, he has, lost, swing voters that,

that that have, that are, that are

879

: 00:43:32

fickle and that that's gonna happen with,

particularly the Hispanic communities.

880

: 00:43:37

like Texas might go blue, and.

881

: 00:43:41

Jerremy Newsome: That'd be wild.

882

: 00:43:41

Huh?

883

: 00:43:42

Dave Conley: This is a, and that is now

we're in the realm of not only is the,

884

: 00:43:48

congress gonna be fundamentally stalled.

885

: 00:43:50

We are gonna be in like

impeachment land again.

886

: 00:43:53

We are going to be in more chaos, right?

887

: 00:43:57

Like we are in like extra, extra

chaos for the rest of this year.

888

: 00:44:01

Again, we're not in control.

889

: 00:44:03

If we're not in control.

890

: 00:44:04

That means this is long and drawn out.

891

: 00:44:06

It's been, oh, it's gonna be

a weekend, is how it started.

892

: 00:44:09

And then it's like, okay,

we're gonna be done.

893

: 00:44:10

like we've already won.

894

: 00:44:12

We're going to win.

895

: 00:44:13

like it's gonna be done this week.

896

: 00:44:15

I was like, we've already won.

897

: 00:44:16

We've sunk their army.

898

: 00:44:18

They can't fire any missiles or, or.

899

: 00:44:21

like missiles and it's

gonna be another two weeks.

900

: 00:44:24

And I'm like, okay, they're still firing

missiles, but now we need regime change.

901

: 00:44:28

I'm like, okay, great.

902

: 00:44:29

oh, it's about nuke.

903

: 00:44:31

Like it's, like it is constantly shifting.

904

: 00:44:33

And to think that it's going to quote

unquote in this week is, is is foolish.

905

: 00:44:38

Right?

906

: 00:44:38

Or next week or six months from now,

because again, we're not in control.

907

: 00:44:44

it would.

908

: 00:44:45

The, the kind of things to that

we need it to quote unquote seize

909

: 00:44:50

the control back into the United

States is, is, is devastating

910

: 00:44:55

Things that we cannot think of.

911

: 00:44:56

It's a lot of dead bodies or it's,

like the, the use of nuclear weapons

912

: 00:45:01

is not zero and it needs to be zero.

913

: 00:45:03

Right.

914

: 00:45:04

like if there's any percentage of nuclear

weapons, we are, we are in, in no bueno.

915

: 00:45:09

Right.

916

: 00:45:10

so I.

917

: 00:45:12

That's where I sound like a panicking,

maybe even a little tinfoil hat.

918

: 00:45:16

but I, I do not see the

political reality of today.

919

: 00:45:21

I.

920

: 00:45:23

you and I deal with, or I deal with

probabilities and, and it's like, I,

921

: 00:45:27

man, if I was in Vegas, I, this is,

you and I talked about these, these

922

: 00:45:32

prediction, I'm gonna say gambling

markets, the IES of the world.

923

: 00:45:36

I'm like, chips all in on, on these,

it's like, if anybody's like, has any

924

: 00:45:41

money on this ending soon, I, I, I am

fine with writing a check for that one.

925

: 00:45:46

Like, like cash that on,

six ways from Sunday.

926

: 00:45:50

Okay.

927

: 00:45:51

All right.

928

: 00:45:51

We are wrapping up.

929

: 00:45:54

You are.

930

: 00:45:54

You are muted my friend.

931

: 00:45:55

This is our.

932

: 00:45:56

Jerremy Newsome: Still trying

to figure out how to mute it.

933

: 00:45:58

Uh, learning technology.

934

: 00:46:00

Yeah.

935

: 00:46:00

Ladies and gentlemen, we hope that

this was viable, helpful, useful.

936

: 00:46:03

It just gave you some, some fun

background noise to listen to and

937

: 00:46:06

to soak in on because we're gonna

be here and pour into the team and.

938

: 00:46:11

just support everyone's best vision of

how we can together create more wealth,

939

: 00:46:17

more opportunity, more awareness for

everyone who's involved, that we can

940

: 00:46:22

slowly increase the consciousness and

the conscious awareness and the way

941

: 00:46:26

that people are educated, the way that

we're learning, and the way that we

942

: 00:46:29

can shift together to create a bigger,

brighter, bolder future for all of us.

943

: 00:46:34

Dave, it's been a pleasure as always, man.

944

: 00:46:36

Thank you for the information.

945

: 00:46:38

Dave Conley: And follow us

on SolveUSApodcast on X and

946

: 00:46:44

SolvingAmericasProblemspodcast

on Instagram.

947

: 00:46:47

And we'll have a link in this to

also find our glorious podcast.

948

: 00:46:51

The.

949

: 00:46:51

Thank you all and have a great day.

950

: 00:47:01

Here we go.

951

: 00:47:03

Hello, ladies and gentlemen,

952

: 00:47:05

Jerremy Newsome: Try number seven.

953

: 00:47:06

712

954

: 00:47:10

Dave Conley: for our very first

broadcast to both Quasar Markets

955

: 00:47:14

and to solving America's problems.

956

: 00:47:17

Oh, hello my friend.

957

: 00:47:19

It's been too long.

958

: 00:47:20

Good to see you.

959

: 00:47:22

Jerremy Newsome: Yeah.

960

: 00:47:23

Good to be back.

961

: 00:47:24

Good to be here.

962

: 00:47:24

Good to see your face as always.

963

: 00:47:26

Love hearing your

964

: 00:47:27

Dave Conley: I guess we should.

965

: 00:47:28

I guess we should

introduce ourselves, right?

966

: 00:47:31

Jerremy Newsome: Yeah.

967

: 00:47:32

Yeah.

968

: 00:47:33

Well, for the Quasar team, uh, I'm

a, I'm a big fan of our boy, Steve.

969

: 00:47:38

Him and I have been, uh, connections

and, uh, business partners in some

970

: 00:47:43

degree for almost, almost a decade.

971

: 00:47:47

He was a trading

972

: 00:47:48

Dave Conley: Wow.

973

: 00:47:49

Jerremy Newsome: so I, I learned a lot

from him regarding trading in the markets.

974

: 00:47:53

I've been in the financial

industries for over 20 years.

975

: 00:47:57

Learning, studying, trading

actively every single day.

976

: 00:48:01

And, uh, created a very large stock market

education company in which I have exited.

977

: 00:48:07

And now I simply pour into individuals

and group containers to help people

978

: 00:48:13

just maximize the wealth and really

focus on how they can become incredible.

979

: 00:48:19

Legends for the world, right?

980

: 00:48:20

Creating opportunities

and creating cash flow.

981

: 00:48:22

And now Dave and myself have co-created

for the last two years, a podcast and

982

: 00:48:28

a platform called Solving America's

Problems, where we do just that.

983

: 00:48:31

We create an amazing of

co-creation between any party.

984

: 00:48:40

Any idea, any belief system, we bring

it together to really understand

985

: 00:48:44

how we can actually solve some of

the problems that are facing the

986

: 00:48:49

greatest country in the world.

987

: 00:48:50

And there's a lot of them, we do believe

that we can chip away at 'em over time.

988

: 00:48:55

Dave, who are you?

989

: 00:48:57

Dave Conley: Oh, who am I?

990

: 00:48:59

Oh, uh, you, you know, uh,

I've, I've had all the hats.

991

: 00:49:04

I, I love that.

992

: 00:49:05

You know, like I, I've, I've done

everything from, uh, from, uh.

993

: 00:49:10

Venture capital and, and angel investing.

994

: 00:49:13

I've done philanthropy, uh, uh,

health and wellness coaching.

995

: 00:49:18

Uh, then I was a senior technology

executive, uh, executive, both for

996

: 00:49:23

the government and then uh, for, uh,

uh, my first career was in, in the

997

: 00:49:28

internet, in, in technology there.

998

: 00:49:31

Uh, and so it's been, it's been

such a, a cool, a, a cool journey.

999

: 00:49:35

And then Jerremy and I met.

: 1000

00:49:37,649 --> 00:49:40,829

A couple of years ago, and

he's like, man, politics.

: 1001

00:49:40,889 --> 00:49:42,689

And I'm like, yeah, politics.

: 1002

00:49:42,689 --> 00:49:44,069

And it's like he's like.

: 1003

00:49:44,939 --> 00:49:47,219

I, I really wanna, you

know, change the world.

: 1004

00:49:47,249 --> 00:49:49,409

And I'm like, I love, I

love how you're thinking.

: 1005

00:49:49,559 --> 00:49:54,269

And so my world has now been all

about some of my passion, which is,

: 1006

00:49:54,269 --> 00:49:58,379

is, is, uh, politics because every,

every single one of my jobs was

: 1007

00:49:58,379 --> 00:50:00,209

about, you know, dramatic change.

: 1008

00:50:00,209 --> 00:50:03,269

Dramatic change for individuals,

dramatic change with philanthropy,

: 1009

00:50:03,299 --> 00:50:06,209

dramatic change for the internet,

dramatic change for government.

: 1010

00:50:06,359 --> 00:50:08,039

And so like, that was my running theme.

: 1011

00:50:08,194 --> 00:50:09,754

Change, change, change, change, change.

: 1012

00:50:09,754 --> 00:50:14,314

And now this is such a, a connection

for me with a passion of, of, uh,

: 1013

00:50:14,344 --> 00:50:17,614

politics and money and, and Jeremy's uh.

: 1014

00:50:18,209 --> 00:50:24,269

Lifting Jerremy into, uh, a, uh, uh,

a world where, where he's making a

: 1015

00:50:24,269 --> 00:50:28,469

much bigger, uh, uh, difference in

a national and international level.

: 1016

00:50:28,739 --> 00:50:32,099

So we, we have a plan,

uh, we have a plan for it.

: 1017

00:50:32,099 --> 00:50:33,899

And a big piece of that is a.

: 1018

00:50:34,659 --> 00:50:40,569

Is, uh, this podcast both learning and

connecting and, uh, building and all

: 1019

00:50:40,569 --> 00:50:44,319

of, you know, not only connecting with

you all, but uh, also learning from

: 1020

00:50:44,319 --> 00:50:48,219

our part and connecting with people who

are already making a difference in, uh,

: 1021

00:50:48,219 --> 00:50:51,069

solving, uh, America's problems and.

: 1022

00:50:51,884 --> 00:50:52,364

I don't know.

: 1023

00:50:52,394 --> 00:50:53,114

That's kind of our world.

: 1024

00:50:53,114 --> 00:50:57,944

And, and I think the, the dream for,

for this, uh, uh, piece, because

: 1025

00:50:58,514 --> 00:51:01,634

you're gonna have links to our

regular podcast, our regular podcast

: 1026

00:51:01,634 --> 00:51:03,374

is, is what they call evergreen.

: 1027

00:51:03,464 --> 00:51:07,034

Uh, you know, like these are, these

are, these are evergreen problems and

: 1028

00:51:07,034 --> 00:51:11,864

evergreen solutions, and they're gonna

be as valid as they can be for forever.

: 1029

00:51:12,134 --> 00:51:13,754

If that problem in that solution.

: 1030

00:51:14,349 --> 00:51:15,429

Don't meet, right?

: 1031

00:51:15,429 --> 00:51:19,299

Like you, you, you can turn on a, a

one of our shows from last year and

: 1032

00:51:19,299 --> 00:51:20,619

be like, oh, that's still a problem.

: 1033

00:51:20,649 --> 00:51:21,969

Oh, those solutions still work.

: 1034

00:51:21,969 --> 00:51:23,709

So that's what Evergreen means.

: 1035

00:51:23,829 --> 00:51:26,679

And then these, we're gonna

be doing this once a week.

: 1036

00:51:26,739 --> 00:51:31,839

Uh, if you are a regular, uh, quasar

market person, uh, you see me with,

: 1037

00:51:31,839 --> 00:51:35,619

with, uh, Steven on Tuesdays and Thursday

mornings as the market is opening.

: 1038

00:51:36,559 --> 00:51:39,109

Uh, you might, you might see

special guest star Jerremy,

: 1039

00:51:39,109 --> 00:51:41,029

Alexander Newsom, uh, there as well.

: 1040

00:51:41,029 --> 00:51:45,229

But this is for, uh, Jerremy

and I, we, we do current events

: 1041

00:51:45,229 --> 00:51:46,429

and we do them pretty often.

: 1042

00:51:46,429 --> 00:51:48,979

And they are, uh, they

are like, not evergreen.

: 1043

00:51:48,979 --> 00:51:53,269

This is like, this is what's going on and

this is, this is, uh, this is what's going

: 1044

00:51:53,269 --> 00:51:58,009

on with both your money and, uh, and, and

the politics and how those two interact

: 1045

00:51:58,009 --> 00:52:00,079

and, you know, like it's, it's a thing.

: 1046

00:52:00,139 --> 00:52:02,929

So I think that's what we're, we're,

we're thinking on right now, is that.

: 1047

00:52:03,869 --> 00:52:04,409

How does that sound?

: 1048

00:52:04,409 --> 00:52:05,214

How does that sound?

: 1049

00:52:05,991 --> 00:52:06,281

Jerremy Newsome: Yeah.

: 1050

00:52:06,301 --> 00:52:07,041

Sounds awesome.

: 1051

00:52:07,381 --> 00:52:11,006

So if you're listening,

interacting with us, thank you.

: 1052

00:52:11,006 --> 00:52:14,186

Thanks for being a part of the audience,

and thanks for being a part of the Voice.

: 1053

00:52:14,636 --> 00:52:17,306

And, uh, Steven, if you're, uh,

if you're out there, able to

: 1054

00:52:17,306 --> 00:52:20,096

soak up this information, thanks

also for the opportunity, man.

: 1055

00:52:20,186 --> 00:52:21,026

Really appreciate it.

: 1056

00:52:22,016 --> 00:52:22,526

So, Dave?

: 1057

00:52:22,526 --> 00:52:23,786

Yeah, a lot going on, man.

: 1058

00:52:23,786 --> 00:52:30,956

I just got back, uh, nine

hours ago from Japan.

: 1059

00:52:31,484 --> 00:52:32,094

Dave Conley: Holy smokes.

: 1060

00:52:32,906 --> 00:52:33,296

Jerremy Newsome: Yeah.

: 1061

00:52:33,476 --> 00:52:35,516

Tokyo To Los Angeles.

: 1062

00:52:35,516 --> 00:52:36,746

Los Angeles to Vegas.

: 1063

00:52:38,501 --> 00:52:40,391

I got a lot of thoughts about Japan.

: 1064

00:52:40,451 --> 00:52:46,811

Um, I was there and the Prime

Minister left and came to the US and.

: 1065

00:52:46,829 --> 00:52:50,069

Dave Conley: the then got wildly

insulted, but man, what a politician.

: 1066

00:52:50,069 --> 00:52:55,199

She was like, all happy and, and, and

really just the, the, the tongue bath

: 1067

00:52:55,199 --> 00:52:59,189

that every international leader has

to like, give, give the administration

: 1068

00:52:59,369 --> 00:53:03,629

in order to like, keep 'em happy,

which I think is a brilliant idea.

: 1069

00:53:03,629 --> 00:53:05,219

And also have tough conversations.

: 1070

00:53:05,219 --> 00:53:09,359

So she was over here talking trade

and, and uh, and, and talking, uh,

: 1071

00:53:09,419 --> 00:53:10,709

you know, international conflict.

: 1072

00:53:11,774 --> 00:53:14,264

When you know, the president

talks about Pearl Harbor

: 1073

00:53:16,556 --> 00:53:16,796

Jerremy Newsome: Bro.

: 1074

00:53:16,796 --> 00:53:16,946

I

: 1075

00:53:17,204 --> 00:53:19,214

Dave Conley: and she laughed it off.

: 1076

00:53:19,244 --> 00:53:20,774

I'm like, brilliant.

: 1077

00:53:21,026 --> 00:53:23,066

Jerremy Newsome: I thought I

thought that was, AI for like.

: 1078

00:53:23,396 --> 00:53:25,826

I was like, is this, this

has to be a deep fake video.

: 1079

00:53:26,216 --> 00:53:27,386

This has to be.

: 1080

00:53:28,286 --> 00:53:29,876

I pull it up on a few different sources.

: 1081

00:53:29,876 --> 00:53:32,066

I'm like, oh my God, I

think this is actually real.

: 1082

00:53:32,834 --> 00:53:34,964

Dave Conley: It's like, could you

give us a heads up if you nuke

: 1083

00:53:34,964 --> 00:53:38,534

something again, you know, like, ugh.

: 1084

00:53:39,806 --> 00:53:40,976

Jerremy Newsome: oh my gosh.

: 1085

00:53:41,276 --> 00:53:42,176

Oh my gosh.

: 1086

00:53:42,206 --> 00:53:43,226

This Trump dude.

: 1087

00:53:43,406 --> 00:53:44,426

What a character.

: 1088

00:53:45,029 --> 00:53:47,009

Dave Conley: He if, if

it wasn't so serious.

: 1089

00:53:47,009 --> 00:53:48,869

He is a funny, funny guy.

: 1090

00:53:49,676 --> 00:53:50,066

Jerremy Newsome: yeah.

: 1091

00:53:50,516 --> 00:53:50,936

Yeah.

: 1092

00:53:51,416 --> 00:53:54,446

Well, um, I, I, I will say this, man.

: 1093

00:53:55,349 --> 00:53:55,799

Dave Conley: Yeah.

: 1094

00:53:55,946 --> 00:53:59,726

Jerremy Newsome: you spent a lot of

time in Japan, and you are, and were

: 1095

00:53:59,726 --> 00:54:03,536

a big fan, and I am now a huge fan.

: 1096

00:54:03,596 --> 00:54:06,026

What a country.

: 1097

00:54:06,464 --> 00:54:06,814

Dave Conley: Right.

: 1098

00:54:07,376 --> 00:54:08,426

Jerremy Newsome: So cool.

: 1099

00:54:09,059 --> 00:54:10,589

Dave Conley: They got

it going on, don't they?

: 1100

00:54:10,671 --> 00:54:11,091

Jerremy Newsome: Mm-hmm.

: 1101

00:54:12,119 --> 00:54:14,399

Dave Conley: I said, I've always said

that they're like five years in the

: 1102

00:54:14,399 --> 00:54:16,199

future and you don't even know it.

: 1103

00:54:16,199 --> 00:54:17,609

It's like driving a Tesla, you know?

: 1104

00:54:17,609 --> 00:54:20,039

It's like it's in the future and

you're, you get it right now.

: 1105

00:54:20,099 --> 00:54:20,279

What?

: 1106

00:54:20,309 --> 00:54:21,509

What, what was your experience?

: 1107

00:54:22,811 --> 00:54:23,831

Jerremy Newsome: Oh my gosh.

: 1108

00:54:24,821 --> 00:54:25,601

Oh my gosh.

: 1109

00:54:25,661 --> 00:54:30,851

So I'm trying to really

distill down how they're doing.

: 1110

00:54:30,851 --> 00:54:32,111

So much so correct.

: 1111

00:54:32,141 --> 00:54:39,431

Because a lot of it feels like a top down

ideology potentially, or some type of.

: 1112

00:54:40,826 --> 00:54:45,896

General culture of how they're

winning in such an a formidable way.

: 1113

00:54:46,544 --> 00:54:46,874

Dave Conley: Yeah.

: 1114

00:54:47,486 --> 00:54:49,346

Jerremy Newsome: I was in the

third largest city in the world

: 1115

00:54:50,156 --> 00:54:51,506

for like four or five days.

: 1116

00:54:51,506 --> 00:54:55,976

Tokyo, um, with approximately, you

know, it depends on how you measure

: 1117

00:54:55,976 --> 00:55:01,286

it, but around 40 million people,

I didn't see one homeless person

: 1118

00:55:02,024 --> 00:55:02,414

Dave Conley: Yeah.

: 1119

00:55:04,051 --> 00:55:05,791

Jerremy Newsome: Not

one nowhere to be found.

: 1120

00:55:06,764 --> 00:55:07,214

Dave Conley: Mm-hmm.

: 1121

00:55:09,101 --> 00:55:09,401

Jerremy Newsome: What?

: 1122

00:55:10,151 --> 00:55:10,601

Right.

: 1123

00:55:10,661 --> 00:55:11,111

Okay.

: 1124

00:55:11,171 --> 00:55:14,021

So, and I drove all around Tokyo.

: 1125

00:55:14,021 --> 00:55:14,291

I mean,

: 1126

00:55:14,594 --> 00:55:14,924

Dave Conley: right.

: 1127

00:55:15,011 --> 00:55:17,471

Jerremy Newsome: I wasn't like staying

in a super, mean, I was staying in

: 1128

00:55:17,471 --> 00:55:19,001

a nice hotel, but I wasn't in there.

: 1129

00:55:19,001 --> 00:55:20,981

The only, you know, I, I left, I walked

: 1130

00:55:21,134 --> 00:55:21,584

Dave Conley: Yeah.

: 1131

00:55:21,641 --> 00:55:23,561

Jerremy Newsome: lot,

uh, drove around a lot.

: 1132

00:55:24,281 --> 00:55:25,421

Not a single homeless person.

: 1133

00:55:26,204 --> 00:55:26,624

Dave Conley: Wow.

: 1134

00:55:26,651 --> 00:55:30,041

Jerremy Newsome: two I could,

I could have eaten off of them.

: 1135

00:55:30,911 --> 00:55:31,991

They were so clean.

: 1136

00:55:32,981 --> 00:55:33,521

No

: 1137

00:55:33,554 --> 00:55:34,484

Dave Conley: That's what I told you.

: 1138

00:55:34,724 --> 00:55:37,394

I told you that right before

I was like, oh, guess what?

: 1139

00:55:37,724 --> 00:55:39,974

No, no trash cans.

: 1140

00:55:40,004 --> 00:55:40,304

You know,

: 1141

00:55:41,541 --> 00:55:41,711

Jerremy Newsome: Still

: 1142

00:55:42,014 --> 00:55:44,234

Dave Conley: like everybody's like,

you know, take your stuff with you

: 1143

00:55:45,371 --> 00:55:45,941

Jerremy Newsome: oh man.

: 1144

00:55:46,544 --> 00:55:47,054

Dave Conley: crazy.

: 1145

00:55:47,054 --> 00:55:47,384

Right,

: 1146

00:55:48,011 --> 00:55:52,841

Jerremy Newsome: I mean, just,

just absolutely immaculate.

: 1147

00:55:53,321 --> 00:55:53,531

I mean,

: 1148

00:55:53,534 --> 00:55:53,834

Dave Conley: right.

: 1149

00:55:54,101 --> 00:55:58,031

Jerremy Newsome: 'cause that size

of city, like I've mentioned a

: 1150

00:55:58,031 --> 00:56:01,121

few times in the podcast, right?

: 1151

00:56:01,121 --> 00:56:04,451

I live in Las Vegas and it

looks like someone purposely.

: 1152

00:56:05,486 --> 00:56:09,896

Is littering Las Vegas, like someone

drives around with a truck and just gets

: 1153

00:56:09,896 --> 00:56:11,486

paid to throw things out the window.

: 1154

00:56:11,756 --> 00:56:14,186

Um, that's what most of

Las Vegas looks like.

: 1155

00:56:16,286 --> 00:56:18,656

we, we have a, we barely

have 3 million people.

: 1156

00:56:19,796 --> 00:56:21,926

And all around Las Vegas,

homeless people everywhere.

: 1157

00:56:23,336 --> 00:56:26,996

good grief, Tokyo just

absolutely smashed it.

: 1158

00:56:27,026 --> 00:56:29,546

And I went to other cities as

well, so it wasn't just Tokyo.

: 1159

00:56:29,546 --> 00:56:33,776

I mean I visited five or six other

major large cities, same thing.

: 1160

00:56:33,926 --> 00:56:37,826

Uh, clean streets, the people

are very nice everywhere.

: 1161

00:56:38,216 --> 00:56:43,976

Uh, no homeless and the big one,

Dave, that I'm still trying to

: 1162

00:56:43,976 --> 00:56:47,816

wrap my head around and I'm being

as literal as I possibly can here.

: 1163

00:56:48,386 --> 00:56:54,566

I saw less than five overweight

individuals, less than five.

: 1164

00:56:56,126 --> 00:56:57,356

Uh, and

: 1165

00:56:59,726 --> 00:57:03,086

I mean maybe 10 a dozen

pudgy, pudgy people.

: 1166

00:57:03,176 --> 00:57:03,626

Like, ah, you

: 1167

00:57:03,684 --> 00:57:03,974

Dave Conley: Yeah.

: 1168

00:57:04,406 --> 00:57:06,566

Jerremy Newsome: we've all been a little

pudgy in our lives at some point, right?

: 1169

00:57:06,566 --> 00:57:09,416

Like me and you both have, it's like,

okay, we ate a little bit too many

: 1170

00:57:09,416 --> 00:57:12,026

cookies, maybe had too much beer.

: 1171

00:57:12,446 --> 00:57:15,596

Um, less than 12, I mean.

: 1172

00:57:17,711 --> 00:57:19,991

I saw millions of people a day

: 1173

00:57:20,699 --> 00:57:21,119

Dave Conley: Yeah.

: 1174

00:57:21,131 --> 00:57:23,531

Jerremy Newsome: all visibly healthy.

: 1175

00:57:25,001 --> 00:57:26,291

I say visibly, you know,

: 1176

00:57:26,459 --> 00:57:26,759

Dave Conley: Yeah.

: 1177

00:57:26,801 --> 00:57:28,241

Jerremy Newsome: always be

things under the hood, but

: 1178

00:57:30,881 --> 00:57:31,451

what, what?

: 1179

00:57:32,321 --> 00:57:33,641

Uh, no, homeless.

: 1180

00:57:33,731 --> 00:57:34,841

Everyone's nice.

: 1181

00:57:34,991 --> 00:57:35,676

Everything is clean.

: 1182

00:57:36,761 --> 00:57:38,051

healthy, and it's the

: 1183

00:57:38,189 --> 00:57:38,549

Dave Conley: Yeah.

: 1184

00:57:38,681 --> 00:57:39,431

Jerremy Newsome: city in the world.

: 1185

00:57:39,431 --> 00:57:40,241

I'm blown away.

: 1186

00:57:40,361 --> 00:57:44,201

I'm actually truly trying to figure

out how they're pulling this off.

: 1187

00:57:44,381 --> 00:57:45,251

The cost of food.

: 1188

00:57:46,736 --> 00:57:50,036

The cheapest I've ever experienced

in any developed nation.

: 1189

00:57:50,594 --> 00:57:51,254

Dave Conley: No kidding.

: 1190

00:57:51,656 --> 00:57:52,676

Jerremy Newsome: Oh my gosh, dude.

: 1191

00:57:52,694 --> 00:57:55,574

Dave Conley: And it wasn't just

like the, the, the exchange rate.

: 1192

00:57:55,574 --> 00:57:56,534

It was like everywhere.

: 1193

00:57:57,056 --> 00:57:57,626

Jerremy Newsome: And it, yeah.

: 1194

00:57:57,626 --> 00:58:01,496

And it, and it also wasn't like,

uh, we weren't eating terrible food.

: 1195

00:58:01,496 --> 00:58:07,856

I mean, I went to a sushi restaurant that

was, the, the color of this ahi tuna.

: 1196

00:58:08,306 --> 00:58:09,776

Was perfect.

: 1197

00:58:09,836 --> 00:58:14,636

Uh, I mean, the flavor, the me

and eight people ate and drank

: 1198

00:58:14,636 --> 00:58:17,036

like kings for three hours, three

: 1199

00:58:17,189 --> 00:58:17,849

Dave Conley: Wow.

: 1200

00:58:18,209 --> 00:58:18,659

Yeah.

: 1201

00:58:19,166 --> 00:58:20,066

Jerremy Newsome: US dollars.

: 1202

00:58:21,629 --> 00:58:22,049

Dave Conley: Oh, come on.

: 1203

00:58:22,916 --> 00:58:23,576

Jerremy Newsome: I'm serious.

: 1204

00:58:23,906 --> 00:58:24,326

I'm serious.

: 1205

00:58:24,326 --> 00:58:25,856

I like, this is a, this

is a, they're, they're

: 1206

00:58:26,159 --> 00:58:27,179

Dave Conley: Wow.

: 1207

00:58:27,506 --> 00:58:28,586

Jerremy Newsome: they

didn't measure something.

: 1208

00:58:28,586 --> 00:58:28,946

Correct.

: 1209

00:58:29,006 --> 00:58:32,816

This was a, one of the, one of the sushi

buffet, places like the conveyor belts.

: 1210

00:58:33,269 --> 00:58:33,809

Dave Conley: Yeah.

: 1211

00:58:34,316 --> 00:58:34,976

Jerremy Newsome: was incredible, man.

: 1212

00:58:35,036 --> 00:58:38,456

I'm, I mean, I'm blown away and I mean,

that happened over and over and over.

: 1213

00:58:38,756 --> 00:58:43,136

I, I went to a Kobe beef restaurant

that I ate, uh, some of the steak

: 1214

00:58:43,136 --> 00:58:47,726

there, and I actually cried a tear,

like water precipitation came outta

: 1215

00:58:47,726 --> 00:58:50,216

my face as I was eating this food.

: 1216

00:58:50,366 --> 00:58:52,736

Uh, it, it was incredible.

: 1217

00:58:53,036 --> 00:58:53,456

I just had the

: 1218

00:58:53,489 --> 00:58:54,179

Dave Conley: Amazing.

: 1219

00:58:54,416 --> 00:58:57,356

Jerremy Newsome: Um, such an

awesome country, amazing city,

: 1220

00:58:57,356 --> 00:58:58,946

amazing people out of last.

: 1221

00:59:02,399 --> 00:59:02,759

Dave Conley: Wow.

: 1222

00:59:02,849 --> 00:59:03,509

Uh, so.

: 1223

00:59:04,754 --> 00:59:05,954

Did you get underneath that?

: 1224

00:59:06,014 --> 00:59:09,674

I mean, like, was it like where,

where, where is that right?

: 1225

00:59:09,674 --> 00:59:13,124

Like I, you know, I, you know, I did,

I, I did some of my international

: 1226

00:59:13,124 --> 00:59:15,074

residency for my, my master's there.

: 1227

00:59:15,074 --> 00:59:16,574

That was a long time ago.

: 1228

00:59:16,994 --> 00:59:19,304

Not a long, because I'm old now.

: 1229

00:59:19,631 --> 00:59:20,291

Jerremy Newsome: it was a very long

: 1230

00:59:20,504 --> 00:59:22,034

Dave Conley: I, I walked right into that.

: 1231

00:59:22,034 --> 00:59:24,644

No, very, very long time ago.

: 1232

00:59:24,644 --> 00:59:27,644

Back in the early 20 teens.

: 1233

00:59:28,154 --> 00:59:28,484

Uh.

: 1234

00:59:29,814 --> 00:59:36,294

Uh, you know, it, it felt like so

many things were just sort of, uh, uh,

: 1235

00:59:36,324 --> 00:59:43,344

culturally, uh, just like built in, but

also a, not only demand of the culture,

: 1236

00:59:43,344 --> 00:59:45,954

but just like the, the practice of people.

: 1237

00:59:45,954 --> 00:59:48,654

Like, it was like people

were not putting up with.

: 1238

00:59:49,319 --> 00:59:52,559

Litter or people, you know,

poor performance or saying,

: 1239

00:59:52,589 --> 00:59:54,809

you know, like, it is like, no,

we're not gonna have homeless.

: 1240

00:59:54,809 --> 00:59:56,099

Like, that's barbaric, right?

: 1241

00:59:56,099 --> 00:59:59,264

Like there's a, there's

an empathy and a a, um.

: 1242

01:00:00,959 --> 01:00:05,009

Uh, upleveling a, a, you

know, like a demand of like,

: 1243

01:00:05,039 --> 01:00:06,749

you know, be your best self.

: 1244

01:00:06,749 --> 01:00:09,569

And that's, you know, that's a

part of the fabric of our society.

: 1245

01:00:09,869 --> 01:00:12,089

So like that's a, that's,

that's something else.

: 1246

01:00:12,089 --> 01:00:14,969

But there's also, uh, you

know, there's, there's.

: 1247

01:00:15,709 --> 01:00:19,609

There was also not a lot of diversity, you

know, like there was a lot of Japanese,

: 1248

01:00:19,639 --> 01:00:25,399

uh, you know, like, like Japanese and,

and so like, you do not have a lot of

: 1249

01:00:25,399 --> 01:00:28,939

people from all over the planet and having

this big giant mixing bowl, and it's,

: 1250

01:00:28,939 --> 01:00:30,589

and it's a relatively small country.

: 1251

01:00:30,589 --> 01:00:33,919

So like, there was a, there was,

I mean, I noticed that as well.

: 1252

01:00:33,919 --> 01:00:37,279

I don't, I don't know where, like

underneath all of this, what, what is it?

: 1253

01:00:37,279 --> 01:00:38,239

What can we learn?

: 1254

01:00:38,269 --> 01:00:39,859

What can we learn from the Japanese?

: 1255

01:00:41,176 --> 01:00:43,511

Jerremy Newsome: Uh, it, I think

you said the word cultural,

: 1256

01:00:43,571 --> 01:00:45,251

like it's, it's some level of.

: 1257

01:00:46,616 --> 01:00:54,926

Just of integrity maybe or some

level of is who we are at our core.

: 1258

01:00:55,469 --> 01:00:55,759

Dave Conley: Yeah.

: 1259

01:00:56,966 --> 01:00:59,636

Jerremy Newsome: I mean, when's the last

president I, I, I would like to know,

: 1260

01:00:59,936 --> 01:01:02,876

I'm sure we can search it, but the last

president was like, this country's dirty.

: 1261

01:01:02,876 --> 01:01:03,746

Let's clean it up.

: 1262

01:01:04,856 --> 01:01:08,426

I mean, it is like America's dirty.

: 1263

01:01:08,989 --> 01:01:09,339

Dave Conley: Right.

: 1264

01:01:09,416 --> 01:01:09,806

Jerremy Newsome: dirty now.

: 1265

01:01:09,806 --> 01:01:10,736

Granted, it's huge.

: 1266

01:01:10,766 --> 01:01:11,156

I get it.

: 1267

01:01:11,156 --> 01:01:12,611

There's a lot of America to clean up.

: 1268

01:01:13,421 --> 01:01:16,391

good grief, we're talking to any

city, every city, all of them.

: 1269

01:01:17,261 --> 01:01:18,371

most roads,

: 1270

01:01:19,119 --> 01:01:19,409

Dave Conley: Right.

: 1271

01:01:19,961 --> 01:01:20,741

Jerremy Newsome: they're just filthy.

: 1272

01:01:20,741 --> 01:01:21,461

There's trash everywhere.

: 1273

01:01:21,461 --> 01:01:22,961

There's literally, literally everywhere.

: 1274

01:01:23,609 --> 01:01:23,759

Dave Conley: Yeah.

: 1275

01:01:23,764 --> 01:01:23,984

It's gross.

: 1276

01:01:24,251 --> 01:01:25,601

Jerremy Newsome: and yeah, it's gross.

: 1277

01:01:25,601 --> 01:01:26,081

I mean,

: 1278

01:01:28,091 --> 01:01:35,261

I don't know, like just having some level

of appreciation for where we're at seems.

: 1279

01:01:36,416 --> 01:01:40,856

Uh, just miserably underwhelming, right?

: 1280

01:01:40,856 --> 01:01:42,566

Like it's just not really there.

: 1281

01:01:42,986 --> 01:01:46,406

And again, many people might go,

well, America's so much larger.

: 1282

01:01:46,436 --> 01:01:47,846

It's like physically landmass.

: 1283

01:01:47,846 --> 01:01:52,136

Yes, of course, but know, Japan's

only half the size of America.

: 1284

01:01:52,196 --> 01:01:53,966

150 ish million people Total.

: 1285

01:01:55,286 --> 01:01:55,976

It's not small.

: 1286

01:01:56,786 --> 01:01:59,906

Um, again, granted most of 'em live

in one, you know, a couple places,

: 1287

01:01:59,906 --> 01:02:05,246

but geez, like those cities were and

clean and, and it was just really,

: 1288

01:02:05,246 --> 01:02:09,116

really mind blowing how well they

were run and operated and how much,

: 1289

01:02:09,176 --> 01:02:11,066

uh, the hygiene was taken care of.

: 1290

01:02:11,066 --> 01:02:15,206

And every single public bathroom,

unless, unless you were in like a

: 1291

01:02:15,206 --> 01:02:21,236

Buddhist shrine, kind of in the middle

of nowhere, almost every bathroom had.

: 1292

01:02:22,496 --> 01:02:24,476

You know, a $2,000 toilet,

: 1293

01:02:25,288 --> 01:02:25,949

Dave Conley: Oh yeah.

: 1294

01:02:25,949 --> 01:02:28,409

Toto Totos the jam.

: 1295

01:02:29,246 --> 01:02:29,696

Jerremy Newsome: yeah.

: 1296

01:02:29,966 --> 01:02:31,436

Heated seats and all

: 1297

01:02:31,589 --> 01:02:31,979

Dave Conley: Oh.

: 1298

01:02:32,756 --> 01:02:33,026

Jerremy Newsome: Um.

: 1299

01:02:34,526 --> 01:02:35,966

So that was, that was quite interesting.

: 1300

01:02:35,966 --> 01:02:38,996

May I, I really feel like it's

some level of a top down approach.

: 1301

01:02:39,236 --> 01:02:39,806

I did, I

: 1302

01:02:39,924 --> 01:02:40,004

Dave Conley: Hmm.

: 1303

01:02:40,046 --> 01:02:44,246

Jerremy Newsome: ask many of the, you

know, uh, citizens and people that

: 1304

01:02:44,251 --> 01:02:48,896

I was interacting with that spoke

good enough English for me to have

: 1305

01:02:48,896 --> 01:02:50,516

that conversation, like in depth.

: 1306

01:02:50,876 --> 01:02:52,106

And the one that I got.

: 1307

01:02:52,396 --> 01:02:57,076

Really was that Japanese men and

women are too proud to be homeless.

: 1308

01:02:57,196 --> 01:02:58,636

That's what I heard from them.

: 1309

01:02:58,636 --> 01:03:00,196

Like, they're like, we're,

we're just too proud.

: 1310

01:03:00,196 --> 01:03:01,756

We're not going to accept it.

: 1311

01:03:02,206 --> 01:03:03,946

It's just not part of society.

: 1312

01:03:03,946 --> 01:03:05,836

We just don't believe

that that should happen.

: 1313

01:03:06,316 --> 01:03:08,296

Like that's just a

fascinating belief system.

: 1314

01:03:09,316 --> 01:03:10,576

Again, where'd you get that from?

: 1315

01:03:10,576 --> 01:03:13,996

Like what is it a cultural thing, and

obviously there's some degree of it that

: 1316

01:03:13,996 --> 01:03:19,006

it is, but it's also been passed down

and it's been carried for more than.

: 1317

01:03:20,066 --> 01:03:24,626

A few decades, obviously, and it's

just really remarkable to me how they

: 1318

01:03:24,626 --> 01:03:31,556

have kept such a level of integris,

uh, and integrity in their day-to-day

: 1319

01:03:31,556 --> 01:03:35,006

activities and their faith and

their beliefs and their operations

: 1320

01:03:35,006 --> 01:03:35,846

in the way they see the world.

: 1321

01:03:35,846 --> 01:03:37,136

It's really, really fascinating.

: 1322

01:03:37,799 --> 01:03:38,729

Dave Conley: God, I love that.

: 1323

01:03:38,879 --> 01:03:39,359

Uh.

: 1324

01:03:40,274 --> 01:03:43,064

You know, so many of the problems that

we've approached in the last, uh, you

: 1325

01:03:43,064 --> 01:03:47,024

know, like year and a half, um, you

know, like we, we get some running themes

: 1326

01:03:47,054 --> 01:03:50,174

and, you know, one of the running themes

is like, where does all the money go?

: 1327

01:03:51,163 --> 01:03:54,794

That's, we just pour money in into things.

: 1328

01:03:55,874 --> 01:04:00,674

And the other one is, is, is the

tremendous power of, of community.

: 1329

01:04:00,674 --> 01:04:05,834

The tremendous power of, of parenting,

the tremendous power of, of, of friends.

: 1330

01:04:05,834 --> 01:04:13,574

And, uh, and when, when some of

that civilization gets like a little

: 1331

01:04:13,574 --> 01:04:17,504

bit of civilization dropping away

really has a cascading effect.

: 1332

01:04:18,314 --> 01:04:21,913

You know, like it's, it, it shows

up in the, in the littering.

: 1333

01:04:21,913 --> 01:04:27,614

It shows up in the, in the, the schools

that are, are failing and not having like

: 1334

01:04:27,614 --> 01:04:32,774

a real laser-like, uh, attention to be

like, no, this is going to be amazing

: 1335

01:04:32,804 --> 01:04:34,874

and our, our kids are gonna thrive.

: 1336

01:04:34,904 --> 01:04:36,074

It's gonna show up in.

: 1337

01:04:37,024 --> 01:04:40,384

People who are in prison, uh, and

there for a long time, and the

: 1338

01:04:40,384 --> 01:04:46,264

success that comes out of prison are

those that had to do it themselves.

: 1339

01:04:46,294 --> 01:04:50,163

And like, man, we could make so

much change with, with our prison

: 1340

01:04:50,163 --> 01:04:53,524

system if there were actual

programs of rehabilitation.

: 1341

01:04:53,524 --> 01:04:55,924

But at the core of that, you

know, like we talked to person

: 1342

01:04:55,924 --> 01:04:57,004

after person after person.

: 1343

01:04:57,413 --> 01:05:02,214

Was this strong desire of change and

the strong desire of, of excellence

: 1344

01:05:02,214 --> 01:05:05,394

and the strong desire of like, okay,

this is going to be different now and

: 1345

01:05:05,394 --> 01:05:07,404

I'm going to seek and have mentors.

: 1346

01:05:07,974 --> 01:05:09,024

Um, so like.

: 1347

01:05:10,064 --> 01:05:12,944

Those are like, that feels like a

couple of the running themes that

: 1348

01:05:12,944 --> 01:05:17,324

we, I mean, other than, I mean, you

know, like, uh, uh, changing voting,

: 1349

01:05:17,444 --> 01:05:20,054

you know, it's like we, we landed on

a, on a couple of themes right there.

: 1350

01:05:20,054 --> 01:05:23,384

It's like, man, the

money in this is crazy.

: 1351

01:05:23,894 --> 01:05:28,004

Uh, and uh, and then it was like,

well, you know, stop gerrymandering

: 1352

01:05:28,004 --> 01:05:29,294

and it's okay to have an id.

: 1353

01:05:29,324 --> 01:05:29,624

You know?

: 1354

01:05:31,241 --> 01:05:31,691

Jerremy Newsome: Yeah.

: 1355

01:05:31,806 --> 01:05:32,096

Yeah.

: 1356

01:05:32,771 --> 01:05:33,191

Right.

: 1357

01:05:34,601 --> 01:05:35,141

Agreed.

: 1358

01:05:35,744 --> 01:05:36,704

Dave Conley: Hmm.

: 1359

01:05:37,001 --> 01:05:40,181

Jerremy Newsome: Really some really,

really cool, just beautiful realizations.

: 1360

01:05:40,181 --> 01:05:44,831

And, uh, what's, what's going on right

now with this Iran situation, man?

: 1361

01:05:44,861 --> 01:05:48,041

How is this impacting your political

sphere and what you see out there?

: 1362

01:05:49,679 --> 01:05:52,349

Dave Conley: I went back and looked

at some of my notes, uh, three weeks

: 1363

01:05:52,349 --> 01:05:54,419

ago as this was just kicking off.

: 1364

01:05:54,479 --> 01:05:57,569

Uh, and I was, you know,

on with, with Steven.

: 1365

01:05:57,599 --> 01:06:01,739

And, you know, at, at that time, at

the beginning of this, it was, you

: 1366

01:06:01,739 --> 01:06:05,279

know, like the markets weren't really

doing, you know, like, like, um.

: 1367

01:06:06,674 --> 01:06:08,624

Oil was sort of up and down.

: 1368

01:06:09,344 --> 01:06:13,754

Uh, it, it seemed like there

was a real break in reality,

: 1369

01:06:14,084 --> 01:06:16,784

uh, between markets and reality.

: 1370

01:06:17,984 --> 01:06:22,214

I mean, like mar like what was happening

politically and internationally versus

: 1371

01:06:22,214 --> 01:06:27,884

like what was being reflected like,

there was a total risk divergence and.

: 1372

01:06:29,309 --> 01:06:39,299

Politically, I was like, man, I don't mean

to be a dor or a panic in here, but every,

: 1373

01:06:39,359 --> 01:06:46,559

every political person that I value has

said repeatedly like, this is a, this is

: 1374

01:06:46,679 --> 01:06:51,659

like, you guys don't know what's, what's

what, how this, how badly this can go.

: 1375

01:06:52,288 --> 01:06:57,479

Uh, and it's more likely than not

because the United States and Israel.

: 1376

01:06:57,944 --> 01:06:59,804

Are not in control here.

: 1377

01:07:00,044 --> 01:07:05,294

Uh, it is not like anything that

we have seen and fundamentally,

: 1378

01:07:06,014 --> 01:07:11,924

uh, the United States and

Israel were, uh, fighting a war.

: 1379

01:07:12,074 --> 01:07:15,194

Not only a war of choice,

but a war of violence.

: 1380

01:07:15,824 --> 01:07:21,224

And the Iranians could never

fight a war of violence.

: 1381

01:07:21,254 --> 01:07:23,744

They are fighting a war of.

: 1382

01:07:24,989 --> 01:07:28,679

Economics, uh, they have to, they

can't go head to head with Israel and

: 1383

01:07:28,679 --> 01:07:29,788

head to head to the United States.

: 1384

01:07:29,788 --> 01:07:31,139

That's crazy talk.

: 1385

01:07:31,679 --> 01:07:37,469

So having an economic impact is where

you actually can make a difference,

: 1386

01:07:37,469 --> 01:07:43,169

because fundamentally, uh, it is

an existential problem for Iran.

: 1387

01:07:43,169 --> 01:07:46,979

You know, existentially, they're

like, we, we want safety.

: 1388

01:07:47,744 --> 01:07:54,494

Uh, and, uh, we want economic freedom

and we don't want to be bombed.

: 1389

01:07:54,614 --> 01:07:56,444

And, you know, like on and on and on.

: 1390

01:07:56,444 --> 01:07:59,384

It's like the normal stuff, you

know, regardless of what you

: 1391

01:07:59,384 --> 01:08:02,894

think of, you know, the Iranian

world and, and how they're run.

: 1392

01:08:03,344 --> 01:08:05,384

You know, like I, I,

you know, from my, my.

: 1393

01:08:06,599 --> 01:08:11,788

My partner who actually is over in that

part of the world and talks about, it's

: 1394

01:08:11,788 --> 01:08:15,479

like, look, it's a very conservative

country, but I think the Americans

: 1395

01:08:15,479 --> 01:08:20,129

have a very, very, like, not a very

good view as to what's actually there.

: 1396

01:08:20,189 --> 01:08:24,029

Uh, yeah, it's conservative and yeah, they

don't have a great government and, uh,

: 1397

01:08:24,059 --> 01:08:25,618

people complain about their government.

: 1398

01:08:25,624 --> 01:08:27,538

But yeah, of course you see

it like they don't work.

: 1399

01:08:27,624 --> 01:08:28,344

Burkas.

: 1400

01:08:28,344 --> 01:08:29,514

Like, that's dumb.

: 1401

01:08:29,604 --> 01:08:32,934

You know, like they, that's, that's

not even part of their religion.

: 1402

01:08:32,934 --> 01:08:35,424

That's, that's on the, on the

Sunni side, not the Shia side.

: 1403

01:08:35,844 --> 01:08:40,254

Uh, and you know, like, and they're very

educated and, and like, they have a stock

: 1404

01:08:40,254 --> 01:08:41,934

market, you know, like, come on guys.

: 1405

01:08:41,993 --> 01:08:46,974

You know, like it's a big as country,

uh, that, uh, that people complain about

: 1406

01:08:46,974 --> 01:08:51,413

their, their government and, and then

she said, kind of like you, and I'm like.

: 1407

01:08:52,934 --> 01:08:55,274

I'm like, oh yeah, you,

you, you got me there.

: 1408

01:08:55,634 --> 01:09:01,094

Um, and then it's a very big

existential, uh, issue for Israel.

: 1409

01:09:01,154 --> 01:09:05,684

You know, like they want everybody around

them to be broken so that they feel safe.

: 1410

01:09:05,714 --> 01:09:10,514

And so I, I get it on both those sides and

here we have the United States, uh, being

: 1411

01:09:10,514 --> 01:09:12,314

like, okay, you know, like we're in this.

: 1412

01:09:12,759 --> 01:09:19,059

And so like, we have three people in this,

and the person who I, not the person, the,

: 1413

01:09:19,059 --> 01:09:23,859

the group that is deciding the escalation

factor of this and the escalation ladder

: 1414

01:09:23,859 --> 01:09:29,259

on this and whether this is going to

end or not, is Iran, you know, like, it,

: 1415

01:09:29,259 --> 01:09:32,919

it is not it, like Israel is, it can't

stand up and say, okay, we're done.

: 1416

01:09:33,368 --> 01:09:36,639

Um, United States can't, you know,

Trump can't come out and say,

: 1417

01:09:36,639 --> 01:09:41,559

okay, we're done because, uh,

Iran will always be like, okay.

: 1418

01:09:42,089 --> 01:09:44,129

Look, you've, you've screwed us twice.

: 1419

01:09:44,189 --> 01:09:46,439

Like you bombed the crap of us last year.

: 1420

01:09:46,499 --> 01:09:50,729

You know, like we came and we talked

to you twice now, and each time you

: 1421

01:09:50,729 --> 01:09:55,619

either killed our people or like you're

not a, you're like, we can't talk

: 1422

01:09:55,619 --> 01:09:56,729

to you because we can't trust you.

: 1423

01:09:57,034 --> 01:09:58,144

And I'm like, ah.

: 1424

01:09:58,534 --> 01:10:03,334

As soon as you start putting yourself in

at least a little bit of, of the shoes,

: 1425

01:10:03,394 --> 01:10:07,114

of whoever it is, you're quote unquote

fighting, you're like, of course they're

: 1426

01:10:07,114 --> 01:10:12,184

going to like, like strangle the United

States and strangle the world, uh,

: 1427

01:10:12,214 --> 01:10:14,854

economically, and they are succeeding.

: 1428

01:10:15,454 --> 01:10:21,124

Uh, they are going to do that, uh, you

know, until they get what they want.

: 1429

01:10:21,304 --> 01:10:24,693

And, uh, I don't see that real risk.

: 1430

01:10:25,604 --> 01:10:27,974

In the market, and that's what

I want to know from you because

: 1431

01:10:27,974 --> 01:10:29,564

it wasn't there three weeks ago.

: 1432

01:10:29,864 --> 01:10:32,714

And I've, I've checked Trading View

a couple of times and I'm like, well,

: 1433

01:10:33,224 --> 01:10:37,304

okay, the 10 year note's going up,

I don't even know what that means.

: 1434

01:10:37,364 --> 01:10:42,284

Um, oil is hovering in areas

like a hundred bucks, but

: 1435

01:10:44,624 --> 01:10:51,464

every supply shock that we have ever

had has resulted in a recession.

: 1436

01:10:52,214 --> 01:10:52,934

Every single one.

: 1437

01:10:53,924 --> 01:11:00,943

Um, and I'm not hearing, I'm not hearing

hearing, you know, anybody say, okay,

: 1438

01:11:00,943 --> 01:11:05,324

what's the wind beneath the wing winds

of the, like, how is this time different?

: 1439

01:11:06,494 --> 01:11:07,754

Like, it's, it's not there.

: 1440

01:11:08,384 --> 01:11:11,474

And I'm like, okay, well

convince me that it's different.

: 1441

01:11:11,474 --> 01:11:15,104

So like, I mean, what, what's

going on on the money side of this?

: 1442

01:11:15,104 --> 01:11:16,124

Because it's.

: 1443

01:11:17,579 --> 01:11:20,549

There's already a problem with the

reality on the political side and

: 1444

01:11:20,549 --> 01:11:23,549

underneath the political reality

of it that's actually there.

: 1445

01:11:23,549 --> 01:11:28,079

It's like it's bad and it's not

going to get better until Iran says.

: 1446

01:11:30,331 --> 01:11:34,886

Jerremy Newsome: Well, from the money

perspective, I mean, it's, really like

: 1447

01:11:34,886 --> 01:11:42,596

what you said is this has happened

before and it seems like it's the, I

: 1448

01:11:42,596 --> 01:11:48,656

mean, it almost seems like a carbon

copy what has not only happened in

: 1449

01:11:51,491 --> 01:11:58,541

Afghanistan, insert other, Republicans

that were in office that were doing all

: 1450

01:11:58,541 --> 01:12:01,601

this with the weapons, mass destruction,

saying they have all these things

: 1451

01:12:01,601 --> 01:12:02,561

and they're doing all these things.

: 1452

01:12:02,771 --> 01:12:06,461

We're like, we can kind of study what

has happened before and when that did

: 1453

01:12:06,461 --> 01:12:13,966

occur, I mean, the markets were very

high markets are quite high again.

: 1454

01:12:15,176 --> 01:12:18,146

So there is definitely some

reasoning and some rationale that we

: 1455

01:12:18,146 --> 01:12:24,446

actually do and can have, at least

a pullback in the general markets.

: 1456

01:12:24,806 --> 01:12:26,366

Uh, I would, I would like to see that.

: 1457

01:12:26,366 --> 01:12:28,706

And the truth is we kind

of are and kind of did.

: 1458

01:12:29,036 --> 01:12:30,506

So the s and p, uh.

: 1459

01:12:31,256 --> 01:12:37,436

We went up to almost,

almost 7,000, 7,000, sorry.

: 1460

01:12:37,436 --> 01:12:42,716

7,002 was the high back in January,

so we made a new all time high.

: 1461

01:12:42,716 --> 01:12:45,506

And then we have pulled back

about 7% since then in the

: 1462

01:12:45,506 --> 01:12:46,436

last two or three months.

: 1463

01:12:47,156 --> 01:12:51,746

we have had that quote unquote

pullback, just generally speaking.

: 1464

01:12:51,746 --> 01:12:56,096

But the, from the general

macro perspective, it seems

: 1465

01:12:56,096 --> 01:12:59,606

like to me that we do need.

: 1466

01:13:00,491 --> 01:13:06,101

little bit more of, I, wouldn't call it

a recession, but we definitely do need

: 1467

01:13:06,101 --> 01:13:10,571

a little bit more of a, uh, of a resting

period in the general broader markets.

: 1468

01:13:10,571 --> 01:13:13,901

Let this really digest, let this calm

down, let people kind of just see and feel

: 1469

01:13:13,901 --> 01:13:18,851

and know and understand what's happening,

um, before we do end up going higher.

: 1470

01:13:18,911 --> 01:13:21,431

And I think that we can, 'cause

there's still a lot of money.

: 1471

01:13:22,301 --> 01:13:25,301

A lot of money on the sidelines,

a lot of people kind of waiting

: 1472

01:13:25,301 --> 01:13:26,861

it out to see what's gonna happen.

: 1473

01:13:26,861 --> 01:13:28,781

And there's always

something with Trump, right?

: 1474

01:13:28,781 --> 01:13:30,701

There's always like a, oh,

it's an interest rate thing.

: 1475

01:13:30,701 --> 01:13:31,961

It's gonna be a Fed thing.

: 1476

01:13:31,961 --> 01:13:32,861

It's gonna be a war thing.

: 1477

01:13:32,861 --> 01:13:34,421

Let's see how this

Venezuela thing happens.

: 1478

01:13:34,421 --> 01:13:36,311

Let's see how this first year goes.

: 1479

01:13:37,121 --> 01:13:40,901

There's a lot of people that are on

the sidelines and fortunately slash

: 1480

01:13:40,901 --> 01:13:43,991

unfortunately, when the markets go

a little bit higher, that's when

: 1481

01:13:43,991 --> 01:13:45,221

people are gonna start piling in.

: 1482

01:13:45,641 --> 01:13:48,701

And uh, they don't want

to buy it when it's down.

: 1483

01:13:48,701 --> 01:13:50,021

'cause they're always

gonna have that fear.

: 1484

01:13:51,521 --> 01:13:54,851

But I do think, and I kind of

get the sense that we, we can and

: 1485

01:13:54,851 --> 01:13:58,541

should have actually a little bit

lower of a, of pullback before,

: 1486

01:14:00,851 --> 01:14:04,361

before things get a little bit better,

just from a financial standpoint.

: 1487

01:14:04,361 --> 01:14:08,231

But the, the real cause and the

real issue that a lot of people are

: 1488

01:14:08,231 --> 01:14:09,641

feeling is gonna be the inflation.

: 1489

01:14:09,761 --> 01:14:14,291

I mean, higher oil prices,

higher gas prices, everything

: 1490

01:14:14,291 --> 01:14:15,281

is gonna be more expensive.

: 1491

01:14:15,341 --> 01:14:18,011

And that, that happened

immediately, overnight.

: 1492

01:14:18,041 --> 01:14:19,001

I mean, in Vegas.

: 1493

01:14:19,421 --> 01:14:23,441

The prices of gas doubled in a week.

: 1494

01:14:23,891 --> 01:14:29,021

So that is a very, very real felt

pinch, um, here in the US and I think

: 1495

01:14:29,021 --> 01:14:32,831

that that is gonna have a trickle down

effect in the not too distant future.

: 1496

01:14:35,501 --> 01:14:36,251

markets go.

: 1497

01:14:37,271 --> 01:14:40,811

Down a little bit in the next of weeks.

: 1498

01:14:40,931 --> 01:14:44,441

Um, and then that's probably gonna

create some level of a bottoming effect.

: 1499

01:14:44,831 --> 01:14:49,331

And then as we start to go higher, the

new money that's still out there on the

: 1500

01:14:49,511 --> 01:14:51,401

sidelines does begin to kind of pile in.

: 1501

01:14:51,401 --> 01:14:54,881

'cause there is still a lot, there's

a lot of money out there waiting and

: 1502

01:14:54,881 --> 01:14:56,411

figuring out where to actually place it.

: 1503

01:14:57,089 --> 01:14:58,619

Dave Conley: So let's, okay.

: 1504

01:14:58,949 --> 01:15:00,089

I hear you right.

: 1505

01:15:01,769 --> 01:15:02,969

Uh hmm.

: 1506

01:15:03,209 --> 01:15:05,009

I'm still looking for the good news here.

: 1507

01:15:05,129 --> 01:15:09,899

So yeah, there's a lot of money on the

sides and I, at least, at least because

: 1508

01:15:09,899 --> 01:15:12,089

you, you taught me well on like, well.

: 1509

01:15:14,804 --> 01:15:17,804

The markets have a lot of

quote unquote feelings, right?

: 1510

01:15:17,804 --> 01:15:21,314

Like there's a lot of, you know,

like that drives a lot of stuff.

: 1511

01:15:21,314 --> 01:15:24,104

And then you put algorithms behind

it with these, you know, crazy

: 1512

01:15:24,104 --> 01:15:27,434

computers and like you're, it,

it just magnifies your feelings.

: 1513

01:15:28,064 --> 01:15:34,964

Um, and there is a facts, like

there are real facts behind this.

: 1514

01:15:35,024 --> 01:15:38,084

And you said one of them, which

is key, which is inflation.

: 1515

01:15:38,924 --> 01:15:39,494

Um.

: 1516

01:15:42,089 --> 01:15:44,129

Gas is up 25% in the United States.

: 1517

01:15:44,189 --> 01:15:49,109

And, uh, diesel, I mean, every, everything

that moves, I mean, diesel's up over

: 1518

01:15:49,109 --> 01:15:51,809

almost 40% just in the United States.

: 1519

01:15:52,589 --> 01:15:56,789

Uh, you know, like, so that's

anything that moves, you know,

: 1520

01:15:57,446 --> 01:15:57,666

Jerremy Newsome: Mm.

: 1521

01:15:58,769 --> 01:16:02,309

Dave Conley: uh, air, uh, you know,

like, uh, air fuel, I don't know.

: 1522

01:16:02,309 --> 01:16:03,119

What, what do you call it?

: 1523

01:16:03,119 --> 01:16:07,079

Air jet, jet fuel, you know, like

that's going through the roof, I guess.

: 1524

01:16:09,059 --> 01:16:12,449

In the United States, we're

gonna feel it the least because

: 1525

01:16:12,449 --> 01:16:14,339

we are the richest, right?

: 1526

01:16:14,999 --> 01:16:21,419

Um, like the us So like a, like a

lot of the fertilizer that's like

: 1527

01:16:21,419 --> 01:16:24,479

bound up in all of this, the United

States bought has, you know, like,

: 1528

01:16:24,479 --> 01:16:27,419

because we're in growing season, the

United States has bought a lot of it.

: 1529

01:16:28,139 --> 01:16:33,689

Um, so we're gonna have the

lowest high gas in diesel prizes,

: 1530

01:16:33,689 --> 01:16:35,399

but the rest of the world.

: 1531

01:16:35,804 --> 01:16:38,234

Is, is is not good.

: 1532

01:16:38,624 --> 01:16:41,324

And we are an interconnected world, right?

: 1533

01:16:41,324 --> 01:16:45,374

You know, like Indonesia, like

they are, they are in dire straits.

: 1534

01:16:45,554 --> 01:16:48,164

Philippines is like,

okay, don't come to work.

: 1535

01:16:48,224 --> 01:16:48,734

You know?

: 1536

01:16:49,124 --> 01:16:52,154

Uh, there are lots of places in

the world where, you know, like

: 1537

01:16:52,154 --> 01:16:54,764

a lot of manufacturing, a lot of

trade, a lot of things happen.

: 1538

01:16:54,764 --> 01:16:58,004

I mean, Belgium is saying,

Hey, conserve fuel.

: 1539

01:16:58,034 --> 01:17:01,934

So like this is, you know,

driving into European economies.

: 1540

01:17:02,354 --> 01:17:06,464

And the one thing I know about

feelings and markets is, is,

: 1541

01:17:06,523 --> 01:17:08,204

uh, markets do not like chaos.

: 1542

01:17:09,164 --> 01:17:11,773

All we have is chaos right now.

: 1543

01:17:12,074 --> 01:17:16,214

And a very chaotic, you know,

United States a completely, like,

: 1544

01:17:16,214 --> 01:17:20,294

unpredictable, you know, I saw, you

know, I saw Trump, like right before

: 1545

01:17:20,294 --> 01:17:22,273

we started, uh, you know, taping here.

: 1546

01:17:22,784 --> 01:17:25,244

Uh, Trump was like, okay, we're

not gonna bomb your stuff.

: 1547

01:17:25,244 --> 01:17:26,834

We're not gonna bomb your power plants.

: 1548

01:17:26,834 --> 01:17:29,443

We're not gonna, you know,

commit a heinous war crime.

: 1549

01:17:29,443 --> 01:17:30,523

So like, thanks.

: 1550

01:17:30,854 --> 01:17:34,484

But, you know, then the Israelis came

up, you know, like Israelis came in and

: 1551

01:17:34,484 --> 01:17:36,344

started bombing infrastructure, right?

: 1552

01:17:36,344 --> 01:17:37,184

So like, it's, uh.

: 1553

01:17:37,411 --> 01:17:37,831

Jerremy Newsome: Mm-hmm.

: 1554

01:17:38,234 --> 01:17:40,094

Dave Conley: You know, the

Iranians are like, okay, you

: 1555

01:17:40,094 --> 01:17:41,714

know, like game's still on.

: 1556

01:17:42,434 --> 01:17:47,773

Um, okay, so let's, let me put it

this way, let's flip it around.

: 1557

01:17:47,834 --> 01:17:51,914

Let's just say that that

Epic Fury operation, epic

: 1558

01:17:51,914 --> 01:17:55,964

Fury is a, an epic success.

: 1559

01:17:57,193 --> 01:18:02,654

Uh, you know, like it's soon and like

everybody's shaking hands and like

: 1560

01:18:02,684 --> 01:18:07,094

there's a big, big hug in Tarran with,

with, you know, Trump and you know, the

: 1561

01:18:07,094 --> 01:18:10,844

ayatollah, you know, like everybody's

shaking hands, bebe's like high fiving.

: 1562

01:18:11,054 --> 01:18:11,294

You know?

: 1563

01:18:11,294 --> 01:18:15,014

Let's say that, you know, like, let's

say that's our dream world now, right?

: 1564

01:18:15,943 --> 01:18:21,614

What's, what's the best economic

good that can happen out of that?

: 1565

01:18:21,644 --> 01:18:22,994

Because I, I'm.

: 1566

01:18:23,818 --> 01:18:26,159

I'm struggling figuring that piece out.

: 1567

01:18:26,279 --> 01:18:28,499

You know, like everybody's saying,

Hey, uh, you know, like at least on

: 1568

01:18:28,499 --> 01:18:30,989

the Israeli and the, and the Amer,

or at least on the American side,

: 1569

01:18:30,989 --> 01:18:32,789

it's like, Hey, don't worry about it.

: 1570

01:18:32,879 --> 01:18:33,959

It's going to be fine.

: 1571

01:18:34,709 --> 01:18:40,229

We've had 20% of the fuel, you know,

stopped for now three weeks, and

: 1572

01:18:40,229 --> 01:18:41,969

that's a big kink in the fire hose.

: 1573

01:18:42,509 --> 01:18:44,879

And when you un kink that, it's not like.

: 1574

01:18:45,568 --> 01:18:48,719

It all goes out all at once

and like everybody's happy.

: 1575

01:18:48,749 --> 01:18:53,699

Like there, there's like the, the market

is not gonna be able to absorb all of that

: 1576

01:18:53,699 --> 01:18:55,529

because you have to use it for something.

: 1577

01:18:56,009 --> 01:18:58,169

And then like a lot of it's offline.

: 1578

01:18:58,469 --> 01:19:02,159

Uh, you know, like for maybe years

is, is what, you know, like one of the

: 1579

01:19:02,159 --> 01:19:05,459

gccs are saying, you know, it's like,

okay, you know, like things are screwy.

: 1580

01:19:06,209 --> 01:19:06,539

Um.

: 1581

01:19:07,619 --> 01:19:12,059

So we're not gonna return to like

the heyday of, of three weeks ago.

: 1582

01:19:12,059 --> 01:19:14,099

And everybody's like,

okay, everything's fine.

: 1583

01:19:14,549 --> 01:19:15,869

But what's after this?

: 1584

01:19:15,898 --> 01:19:17,699

Like, all I see is bad news.

: 1585

01:19:18,659 --> 01:19:19,139

You know?

: 1586

01:19:19,619 --> 01:19:23,009

Uh, you know, like, this doesn't

get better and it gets worse.

: 1587

01:19:23,009 --> 01:19:25,829

And like it's an economic

war more than anything else.

: 1588

01:19:25,829 --> 01:19:28,259

And like, you can't bomb

your way to peace on this.

: 1589

01:19:28,259 --> 01:19:31,199

Like, you have to land a bunch

of troops in order to like, you

: 1590

01:19:31,199 --> 01:19:33,119

know, like control the country.

: 1591

01:19:33,604 --> 01:19:36,604

Like no Air War has ever solved anything.

: 1592

01:19:36,634 --> 01:19:41,104

Like you have to, you know, you

have to put on troops, uh, which,

: 1593

01:19:41,193 --> 01:19:43,924

you know, is like Americans

gonna like, be okay with that.

: 1594

01:19:43,924 --> 01:19:46,714

I'm not, you know, like there should

be like riding in the streets.

: 1595

01:19:46,714 --> 01:19:49,384

I got, you know, my sister here

and she's like, you know, my kids

: 1596

01:19:49,384 --> 01:19:52,924

are gonna go, you know, straight

to like, hell no on that one.

: 1597

01:19:53,254 --> 01:19:56,134

So like, what's the

best economic scenario?

: 1598

01:19:57,584 --> 01:19:58,304

I haven't heard it.

: 1599

01:19:58,364 --> 01:20:02,114

I mean, like Scott Bessant has been

the only person from the administration

: 1600

01:20:02,114 --> 01:20:05,054

that's been out there the last two weeks,

you know, talking about these things.

: 1601

01:20:05,054 --> 01:20:06,404

They do not have Marco Rubio.

: 1602

01:20:06,404 --> 01:20:07,574

They do not have Hegseth.

: 1603

01:20:07,664 --> 01:20:09,164

They do not have the vice president.

: 1604

01:20:09,404 --> 01:20:11,144

It is the economic guys.

: 1605

01:20:11,144 --> 01:20:12,974

It's the economic council.

: 1606

01:20:12,974 --> 01:20:15,494

Um, what's his name?

: 1607

01:20:15,764 --> 01:20:16,244

Hesser.

: 1608

01:20:16,979 --> 01:20:20,789

Uh, and uh, and, and, uh,

Bassett, you know, the Treasury

: 1609

01:20:20,789 --> 01:20:22,289

Secretary, like who cares?

: 1610

01:20:22,349 --> 01:20:23,369

Like, I do not care.

: 1611

01:20:23,369 --> 01:20:26,459

But that means that they're looking at

this through an economic lens, but they're

: 1612

01:20:26,459 --> 01:20:29,099

talking about it through a violence lens.

: 1613

01:20:29,159 --> 01:20:31,379

And I'm like, ah, so what's the best case?

: 1614

01:20:31,499 --> 01:20:34,739

Like, what's the great case

here of like, oh, economically,

: 1615

01:20:34,739 --> 01:20:35,879

this is gonna be awesome.

: 1616

01:20:37,469 --> 01:20:38,039

Is there one.

: 1617

01:20:39,011 --> 01:20:43,751

Jerremy Newsome: um, I think the

only one is a, an asset bubble in

: 1618

01:20:43,751 --> 01:20:45,581

the markets, in the stock market.

: 1619

01:20:45,851 --> 01:20:52,331

Um, other assets will feel pretty pinched

and pretty unsexy for a while, but with

: 1620

01:20:53,891 --> 01:20:59,771

the asset bubble, what that would sound

like is, uh, yeah, Trump big, high

: 1621

01:20:59,771 --> 01:21:02,021

five, big hug, big celebratory moment.

: 1622

01:21:02,741 --> 01:21:07,751

They, they announced some, they, he

announces some special deal they've

: 1623

01:21:07,751 --> 01:21:10,541

created where they release oil.

: 1624

01:21:10,541 --> 01:21:15,911

They, they cheapen it and we have

back to a dollar a gallon in the us.

: 1625

01:21:16,811 --> 01:21:20,231

Um, supply like crazy.

: 1626

01:21:20,261 --> 01:21:21,101

We get so much.

: 1627

01:21:21,131 --> 01:21:24,461

The prices dropped dramatically and.

: 1628

01:21:25,196 --> 01:21:28,976

That creates, in my opinion, uh, a shift.

: 1629

01:21:28,976 --> 01:21:32,606

But because right now we're in

an, an energy, uh, energy has

: 1630

01:21:32,606 --> 01:21:33,746

been increasing dramatically.

: 1631

01:21:33,746 --> 01:21:35,156

You mentioned like an economic war.

: 1632

01:21:35,425 --> 01:21:40,586

So like the energy sector has been

going bananas for most of January,

: 1633

01:21:40,916 --> 01:21:43,376

so January, February, March.

: 1634

01:21:43,496 --> 01:21:49,136

I mean, energy's up energy stocks, uh,

generally are up like 35, 40, 40 5%.

: 1635

01:21:49,856 --> 01:21:50,396

So.

: 1636

01:21:51,175 --> 01:21:53,336

it's an energy company, it's

probably doing pretty well.

: 1637

01:21:54,626 --> 01:21:58,856

you have energy come back

online, uh, tons of supply.

: 1638

01:21:59,036 --> 01:22:00,686

Again, this is best

case scenario that we're

: 1639

01:22:00,959 --> 01:22:01,259

Dave Conley: Right.

: 1640

01:22:01,769 --> 01:22:04,529

I'm, I'm looking for it right,

like, because I'm not seeing it.

: 1641

01:22:04,556 --> 01:22:09,326

Jerremy Newsome: so, so energy stocks go

down, um, because you have more supply

: 1642

01:22:09,746 --> 01:22:15,296

and then the money rushes back into

the companies and the stocks and the.

: 1643

01:22:16,361 --> 01:22:18,641

People that need the energy to go higher.

: 1644

01:22:18,791 --> 01:22:21,971

Uh, and that creates a really, really

good resurgence in the stock market.

: 1645

01:22:22,031 --> 01:22:24,281

And then, like I said, all the money

that's on the sidelines, they've

: 1646

01:22:24,281 --> 01:22:25,931

been waiting for something to happen.

: 1647

01:22:25,931 --> 01:22:28,631

So that's when they all kind of

pile in and say, all right, sweet.

: 1648

01:22:28,661 --> 01:22:31,211

Well, war in the Middle East is over.

: 1649

01:22:31,421 --> 01:22:36,731

Uh, that creates a Ukraine, Russia

piece treaty, Hey, we solved Iran.

: 1650

01:22:36,776 --> 01:22:38,141

I'm Trump, I'm the greatest.

: 1651

01:22:38,141 --> 01:22:39,491

You guys need to figure this out.

: 1652

01:22:39,761 --> 01:22:42,971

Then, you know, Ukraine and, and

Putin become best buddies again.

: 1653

01:22:43,300 --> 01:22:43,991

And then that.

: 1654

01:22:44,331 --> 01:22:45,501

Precipice sends

: 1655

01:22:45,744 --> 01:22:46,074

Dave Conley: Uh,

: 1656

01:22:46,941 --> 01:22:47,541

Jerremy Newsome: wave

: 1657

01:22:47,844 --> 01:22:48,174

Dave Conley: up.

: 1658

01:22:48,504 --> 01:22:48,984

Okay?

: 1659

01:22:49,071 --> 01:22:50,331

Jerremy Newsome: Open

opens up all kinds of

: 1660

01:22:50,394 --> 01:22:50,964

Dave Conley: Okay.

: 1661

01:22:51,651 --> 01:22:52,066

Jerremy Newsome: That's the

: 1662

01:22:52,134 --> 01:22:53,214

Dave Conley: I hear you on Russia.

: 1663

01:22:53,544 --> 01:22:53,874

Okay.

: 1664

01:22:53,874 --> 01:22:54,834

I hear you on Russia.

: 1665

01:22:54,834 --> 01:22:56,064

Actually, I, I was like.

: 1666

01:22:56,714 --> 01:22:59,324

Where is the supply

actually gonna come from?

: 1667

01:22:59,354 --> 01:23:00,614

It can't come from Venezuela.

: 1668

01:23:00,614 --> 01:23:03,734

That's, that's, you know, I, I can't

believe I've actually learned about

: 1669

01:23:03,734 --> 01:23:04,964

something about these commodities.

: 1670

01:23:05,564 --> 01:23:09,734

Uh, you know, like Venezuela has

this like, like gooey mess that,

: 1671

01:23:09,914 --> 01:23:12,974

you know, funny enough, can really

only, there's only a couple places

: 1672

01:23:12,974 --> 01:23:14,474

on the planet that can process it.

: 1673

01:23:14,474 --> 01:23:20,114

And one of 'em in, you know, most of it's

in, in Houston, I think, um, surprise.

: 1674

01:23:20,564 --> 01:23:21,284

Um.

: 1675

01:23:22,289 --> 01:23:24,568

So that's, that's very intensive stuff.

: 1676

01:23:24,689 --> 01:23:27,479

Uh, and then where else

could it come from?

: 1677

01:23:27,479 --> 01:23:33,299

Because there's, there's pieces of the

Gulf states that are offline and it,

: 1678

01:23:33,299 --> 01:23:38,068

at least we don't hear what's actually

going on because they are so tightly

: 1679

01:23:38,068 --> 01:23:40,859

controlled and what they've actually said.

: 1680

01:23:41,864 --> 01:23:45,254

With these, I don't even know what this

word actually means, force majeure.

: 1681

01:23:45,254 --> 01:23:46,454

I had to, I had to look it up.

: 1682

01:23:46,454 --> 01:23:49,784

It's like, we're not, we're, we're

not paying attention to the contract

: 1683

01:23:49,784 --> 01:23:51,284

we signed because we can't, right.

: 1684

01:23:51,284 --> 01:23:53,804

Like, you know, active bombs, I guess.

: 1685

01:23:54,434 --> 01:23:54,914

Um.

: 1686

01:23:55,964 --> 01:24:01,424

Uh, like there is going to be a

reduction in the amount of fuel and

: 1687

01:24:01,424 --> 01:24:05,864

distillates and distillates and,

and stuff, you know, for a while.

: 1688

01:24:05,954 --> 01:24:09,884

You know, it's in some cases, years,

you know, they, you know, natural

: 1689

01:24:09,884 --> 01:24:14,624

gases like pinch, but the supply could

come from Russia is what I'm hearing.

: 1690

01:24:14,624 --> 01:24:15,794

I'm like, oh, all right.

: 1691

01:24:15,854 --> 01:24:18,943

Well, yeah, because that's been

sanctioned for a long time.

: 1692

01:24:18,943 --> 01:24:21,044

If we just turned on the engine there.

: 1693

01:24:21,134 --> 01:24:23,023

I mean, that sounds pretty good.

: 1694

01:24:23,059 --> 01:24:28,184

I mean, I mean, but, and Europe

has to be like, okay with that, um,

: 1695

01:24:29,351 --> 01:24:29,681

Jerremy Newsome: Yeah.

: 1696

01:24:29,834 --> 01:24:31,664

Dave Conley: that's not,

that's not just, you know.

: 1697

01:24:32,414 --> 01:24:32,773

Yeah.

: 1698

01:24:32,800 --> 01:24:34,481

Jerremy Newsome: This is still,

this, this is still best case.

: 1699

01:24:34,481 --> 01:24:37,601

And I, I think that that's, I

think that that's the only, the

: 1700

01:24:37,601 --> 01:24:38,771

only way we get outta this pickle.

: 1701

01:24:38,771 --> 01:24:43,211

And then, you know, again, Trump

paints himself as the, the war hero

: 1702

01:24:43,331 --> 01:24:48,401

and everyone, you know, it was right

around, it's right around 250 year.

: 1703

01:24:49,331 --> 01:24:52,961

4th celebration, uh,

of this country, right?

: 1704

01:24:52,961 --> 01:24:55,931

A bunch of money comes into the

markets and we, and we soar higher.

: 1705

01:24:56,050 --> 01:25:00,221

And it feels like right, that's what's

happening is some, some people, some

: 1706

01:25:00,221 --> 01:25:04,241

people are feeling like they're becoming

wealthier because there are assets

: 1707

01:25:04,241 --> 01:25:05,711

that are increasing dramatically.

: 1708

01:25:05,831 --> 01:25:10,451

Uh, but in reality, the underlying

cost of everything they pay for

: 1709

01:25:10,451 --> 01:25:12,581

is also astronomically higher.

: 1710

01:25:12,641 --> 01:25:13,001

So

: 1711

01:25:13,094 --> 01:25:14,534

Dave Conley: Yeah, the, the inflation is,

: 1712

01:25:14,591 --> 01:25:14,711

Jerremy Newsome: out.

: 1713

01:25:15,734 --> 01:25:17,864

Dave Conley: inflation is sticky, right?

: 1714

01:25:17,924 --> 01:25:20,023

I, I think that's the phrase.

: 1715

01:25:20,023 --> 01:25:24,014

So like the inflation is already

being slammed in the economy and

: 1716

01:25:24,014 --> 01:25:26,684

we'd have to see deflation happen.

: 1717

01:25:27,509 --> 01:25:31,169

Uh, by cheap fuel coming in, right?

: 1718

01:25:31,169 --> 01:25:34,169

Or is it gonna be like permanent

because it, it's gonna go into

: 1719

01:25:34,169 --> 01:25:37,169

everything and it's gonna be in

stuff that we don't even know, right?

: 1720

01:25:37,169 --> 01:25:43,379

Like, like, like medicine and, and

you know, like back, back in Monday.

: 1721

01:25:43,839 --> 01:25:46,148

Um, you know, like we, we studied theory.

: 1722

01:25:46,839 --> 01:25:50,799

We studied theory of constraints, and

it's because we lived in a global world.

: 1723

01:25:50,889 --> 01:25:54,999

And the idea is that it, you know,

you don't keep inventory around you,

: 1724

01:25:54,999 --> 01:25:57,099

just, you, you make it as it comes in.

: 1725

01:25:57,189 --> 01:25:59,259

And like the supply chain is the thing.

: 1726

01:25:59,709 --> 01:26:01,599

So now the supply chain is broken.

: 1727

01:26:01,599 --> 01:26:02,794

Like it wasn't COVID because.

: 1728

01:26:03,249 --> 01:26:07,329

Like people can't make things because

the, the, the ingredients that come

: 1729

01:26:07,329 --> 01:26:12,249

in are, you know, like it's not there

and, or the money or the oil is being

: 1730

01:26:12,249 --> 01:26:15,489

sucked up by wealthier countries

like Japan is going to like, like,

: 1731

01:26:15,849 --> 01:26:19,309

you know, pay anything they want in

order to get the fuel that they need.

: 1732

01:26:19,614 --> 01:26:19,974

Right.

: 1733

01:26:19,974 --> 01:26:22,314

Like they are going to have, you know,

like the United States, you know,

: 1734

01:26:22,314 --> 01:26:27,354

like we are net uh, producers, but

you know, like the prices are gonna

: 1735

01:26:27,354 --> 01:26:28,974

go up because it's a global economy.

: 1736

01:26:29,454 --> 01:26:35,724

So, but you know, like making drugs or

making detergents or whatever in another

: 1737

01:26:35,724 --> 01:26:37,644

country is gonna be like, oh my god.

: 1738

01:26:37,734 --> 01:26:40,644

You know, like we don't have

this, you know, oil ingredient.

: 1739

01:26:41,714 --> 01:26:46,934

And it might be that far, the way I'd

put it is it's like a Boy Scout troop

: 1740

01:26:46,934 --> 01:26:51,824

walking, you know, through the woods and

the guy up front at the very beginning,

: 1741

01:26:51,824 --> 01:26:57,464

like, you know, you know, bends over

to tie his shoe and then burst into

: 1742

01:26:57,464 --> 01:27:02,773

flames, you know, you know, like,

like that's, that's where we're at.

: 1743

01:27:03,734 --> 01:27:04,304

Um.

: 1744

01:27:05,609 --> 01:27:08,909

Uh, because there's, there's,

there's a, there is a bit of a demand

: 1745

01:27:08,909 --> 01:27:12,568

destruction that's gonna take a lot

longer to get through the system.

: 1746

01:27:12,749 --> 01:27:16,529

And, um, I don't know

if we know what that is.

: 1747

01:27:16,679 --> 01:27:16,859

Like.

: 1748

01:27:16,859 --> 01:27:18,029

Okay, you, you tell me.

: 1749

01:27:18,059 --> 01:27:22,799

Like, I, I saw that gold was like dropping

and I know gold has been like on a tear.

: 1750

01:27:23,324 --> 01:27:27,134

And the only thing I can think of is

that, you know, like those are, are large

: 1751

01:27:27,164 --> 01:27:31,244

institutional holders or even nation

states that are, are liquidating their

: 1752

01:27:31,244 --> 01:27:34,724

positions and moving, you know, like,

and, and using it for something else.

: 1753

01:27:35,804 --> 01:27:37,934

Uh, because that's not

individual investors.

: 1754

01:27:37,994 --> 01:27:41,174

Those are, those are the big

guys being like, okay, skedaddle.

: 1755

01:27:41,539 --> 01:27:44,624

I, I thought gold was like a safe

haven, but they're, they're, they've

: 1756

01:27:44,624 --> 01:27:46,154

gotta be using that for something else.

: 1757

01:27:46,604 --> 01:27:50,924

I, I saw a little bit of like, the same

thing with the, the Bitcoiny folks.

: 1758

01:27:51,014 --> 01:27:56,084

Um, you know, like the, so there's a,

there money is going somewhere, right?

: 1759

01:27:56,234 --> 01:27:58,874

You know, there's, there's

some flight to safety.

: 1760

01:27:59,534 --> 01:28:03,644

I don't know what this means,

but I saw one guy on X say.

: 1761

01:28:04,574 --> 01:28:09,014

Last year when all the tariffs went

in and the stock market went crazy,

: 1762

01:28:09,104 --> 01:28:11,864

you know, like what people were paying

attention to was the bond market.

: 1763

01:28:11,864 --> 01:28:14,414

And the bond market got to 4.5%.

: 1764

01:28:14,834 --> 01:28:19,214

That means money got very expensive

and exact that, that exact same moment,

: 1765

01:28:19,814 --> 01:28:22,784

you know, Trump said, okay, we're

putting all these tariffs on pause.

: 1766

01:28:22,964 --> 01:28:25,874

So I, I think that there's, they're,

they're speculating, I guess

: 1767

01:28:25,874 --> 01:28:27,074

they're saying is that there's a.

: 1768

01:28:28,454 --> 01:28:33,104

Like if Trump treats the stock

market as his own personal approval

: 1769

01:28:33,104 --> 01:28:37,514

rating of the economy, that the bond

market is even more important to

: 1770

01:28:37,514 --> 01:28:39,464

him because he is a real estate guy.

: 1771

01:28:40,394 --> 01:28:45,824

I don't know what any of that means as

far as gold, Bitcoin, and, and treasuries.

: 1772

01:28:45,824 --> 01:28:49,273

Like what, what do people need to know

or what, like how does that affect me?

: 1773

01:28:49,273 --> 01:28:49,664

I don't know.

: 1774

01:28:50,023 --> 01:28:50,594

You tell me.

: 1775

01:28:50,654 --> 01:28:51,464

I, I know nothing.

: 1776

01:28:52,571 --> 01:28:54,281

Jerremy Newsome: Yeah,

I, it's a valid point.

: 1777

01:28:54,281 --> 01:29:01,001

I, I don't think that Trump cares

about the bond market as much

: 1778

01:29:01,001 --> 01:29:02,921

as people probably want him to.

: 1779

01:29:03,161 --> 01:29:06,581

Uh, I think he cares about two things,

real estate prices and the stock market.

: 1780

01:29:07,094 --> 01:29:07,514

Dave Conley: Mm-hmm.

: 1781

01:29:07,631 --> 01:29:09,101

Jerremy Newsome: market's

gonna be his barometer.

: 1782

01:29:09,191 --> 01:29:09,701

Um.

: 1783

01:29:10,391 --> 01:29:13,601

He wants real estate to go up for

him and all of his rich buddies.

: 1784

01:29:14,771 --> 01:29:18,701

the stock market is how he wants the

general public to kinda like view him.

: 1785

01:29:19,214 --> 01:29:19,504

Dave Conley: Yeah.

: 1786

01:29:19,931 --> 01:29:23,171

Jerremy Newsome: he is, he is going

to leave the office with a higher

: 1787

01:29:23,171 --> 01:29:27,431

market and he'll do anything in

his power to, to make that happen.

: 1788

01:29:27,521 --> 01:29:32,711

And this is, this is one of those ploys

right now, um, because the market's

: 1789

01:29:33,671 --> 01:29:36,431

like three and a half hours ago.

: 1790

01:29:38,021 --> 01:29:40,541

We were down 1.5%

: 1791

01:29:40,781 --> 01:29:41,891

overnight, right?

: 1792

01:29:41,891 --> 01:29:43,781

People were like, oh

gosh, here, here it comes.

: 1793

01:29:43,781 --> 01:29:45,011

Like World War II is happening.

: 1794

01:29:45,491 --> 01:29:49,241

Well, since then, we're up 1.6%.

: 1795

01:29:49,241 --> 01:29:49,811

So we've had a

: 1796

01:29:49,984 --> 01:29:50,204

Dave Conley: Oh,

: 1797

01:29:50,261 --> 01:29:50,561

Jerremy Newsome: per,

: 1798

01:29:51,304 --> 01:29:51,523

Dave Conley: on.

: 1799

01:29:51,611 --> 01:29:56,441

Jerremy Newsome: had a 3% move higher

the markets in the last two and a

: 1800

01:29:56,441 --> 01:30:01,151

half hours because Trump posted, uh,

specifically that they're not gonna,

: 1801

01:30:01,931 --> 01:30:03,611

they're not gonna bomb the infrastructure.

: 1802

01:30:04,300 --> 01:30:04,331

Uh.

: 1803

01:30:05,471 --> 01:30:06,281

Hey, we're, we're, we're.

: 1804

01:30:07,091 --> 01:30:07,511

was it.

: 1805

01:30:07,964 --> 01:30:08,534

Dave Conley: Thanks.

: 1806

01:30:09,550 --> 01:30:10,121

Jerremy Newsome: thanks.

: 1807

01:30:10,273 --> 01:30:10,574

Dave Conley: kidding.

: 1808

01:30:10,784 --> 01:30:12,824

We're gonna, oh wait, we're gonna wait.

: 1809

01:30:12,914 --> 01:30:15,014

We're gonna wait to bomb

the infrastructure until

: 1810

01:30:15,014 --> 01:30:16,664

the markets close on Friday.

: 1811

01:30:17,564 --> 01:30:18,704

That's what I just read.

: 1812

01:30:21,221 --> 01:30:22,091

Jerremy Newsome: Probably right?

: 1813

01:30:22,181 --> 01:30:24,041

Um, It's pretty

: 1814

01:30:24,404 --> 01:30:25,124

Dave Conley: God,

: 1815

01:30:25,241 --> 01:30:25,306

Jerremy Newsome: So we.

: 1816

01:30:26,276 --> 01:30:28,316

We terrify.

: 1817

01:30:28,316 --> 01:30:32,036

Everyone was terrified overnight and

super scared in that one post, and

: 1818

01:30:32,036 --> 01:30:33,806

now everything's perfectly fine again.

: 1819

01:30:34,196 --> 01:30:39,236

So, yeah, it is really, really interesting

to see just the general distortion.

: 1820

01:30:39,236 --> 01:30:44,696

But what I am noticing for sure is that's

he, he knows what strings to pull, um,

: 1821

01:30:45,806 --> 01:30:50,876

tariffs w War, and there's gonna be one

other one that still hasn't happened yet.

: 1822

01:30:50,876 --> 01:30:52,826

I'm gonna let you know when it occurs, but

: 1823

01:30:52,904 --> 01:30:53,294

Dave Conley: Mm.

: 1824

01:30:53,726 --> 01:30:54,841

Jerremy Newsome: something

related to real estate.

: 1825

01:30:56,276 --> 01:30:58,136

Whatever that string is.

: 1826

01:30:58,886 --> 01:31:01,886

Uh, people will be angry when it's

happening and then he'll release

: 1827

01:31:01,886 --> 01:31:06,026

it after the market's down enough

saying, okay, all, everything's fine.

: 1828

01:31:06,206 --> 01:31:08,576

'cause that's how he's helping

every, everyone get in.

: 1829

01:31:08,576 --> 01:31:14,126

I mean, he is the, he is the trader

of all insider traders right now.

: 1830

01:31:15,236 --> 01:31:16,316

he knows what's going on.

: 1831

01:31:16,376 --> 01:31:18,656

He knows why it's going on,

and a lot of people are on the

: 1832

01:31:18,656 --> 01:31:19,706

inside are benefiting from it.

: 1833

01:31:19,826 --> 01:31:24,175

So, it is, it is quite interesting to see

how it's moving, see how it's shaping up.

: 1834

01:31:25,919 --> 01:31:28,889

Dave Conley: I, you know, I'm,

I am going to stick to my guns.

: 1835

01:31:28,949 --> 01:31:35,609

Uh, you know, the, the, the US

and and Israel are not in control

: 1836

01:31:35,609 --> 01:31:36,898

of this escalation ladder.

: 1837

01:31:37,559 --> 01:31:42,449

They are, they are fundamentally fighting

a different war than the Iranians.

: 1838

01:31:42,568 --> 01:31:49,529

And the only, the only way

this could possibly, and

: 1839

01:31:49,529 --> 01:31:51,089

it's like the slimmest thing.

: 1840

01:31:52,064 --> 01:31:58,934

Uh, is, is, uh, destabilizing the

economy even more somehow in Iran.

: 1841

01:31:58,964 --> 01:32:05,084

And the IRGC actually starts to

lose control of, of the country

: 1842

01:32:05,564 --> 01:32:08,324

because it's a very, it's, it's

a very, it's a very big country.

: 1843

01:32:08,954 --> 01:32:15,074

Uh, but a lot of that ha would have to

do with, with, with seizing their ability

: 1844

01:32:15,074 --> 01:32:18,284

to make money, which is all in oil.

: 1845

01:32:18,596 --> 01:32:19,016

Jerremy Newsome: Mm-hmm.

: 1846

01:32:19,034 --> 01:32:19,994

Dave Conley: That's a lot.

: 1847

01:32:20,023 --> 01:32:21,314

Uh, that's not one or few.

: 1848

01:32:21,344 --> 01:32:22,693

That's not a few troops.

: 1849

01:32:22,754 --> 01:32:24,014

That's a lot.

: 1850

01:32:24,014 --> 01:32:29,714

And then like our, our young men and

our young women are coming home in

: 1851

01:32:29,714 --> 01:32:36,404

bags and I just, I don't see, I do

not see the American people putting

: 1852

01:32:36,404 --> 01:32:38,564

up with any of that so politically.

: 1853

01:32:40,244 --> 01:32:44,864

There, there is nothing, you know,

like Steven wanted me to actually like,

: 1854

01:32:44,864 --> 01:32:49,064

put my, my, my flag in the ground of

like, what's gonna happen at midterms.

: 1855

01:32:49,064 --> 01:32:50,744

And three weeks ago I

was like, I don't know.

: 1856

01:32:51,044 --> 01:32:55,964

Now I'm, I am certain that there is,

there is with without some weird,

: 1857

01:32:56,954 --> 01:32:58,693

something that I can't even expect.

: 1858

01:32:59,174 --> 01:33:03,734

There is nothing about the Republicans

holding onto now the Senate.

: 1859

01:33:04,469 --> 01:33:10,409

Or, uh, Congress and you know, like

you're going to see a demand by people,

: 1860

01:33:10,979 --> 01:33:15,148

uh, that Trump used to have, you

know, like he used to have the, the,

: 1861

01:33:15,209 --> 01:33:16,949

you know, the middle of the rotors.

: 1862

01:33:16,949 --> 01:33:20,818

You know, like, like you and me of like,

you know, don't put us in a, in a, in

: 1863

01:33:20,818 --> 01:33:24,659

a, in a category, you know, like we're,

we're not of the left and we are not of

: 1864

01:33:24,659 --> 01:33:29,099

the right as far as the, the labels go,

but we are of the left and the right.

: 1865

01:33:29,099 --> 01:33:30,659

It depends on the issue, right?

: 1866

01:33:31,318 --> 01:33:31,619

Uh.

: 1867

01:33:32,519 --> 01:33:35,279

Uh, you know, like he doesn't

have the young people anymore.

: 1868

01:33:35,339 --> 01:33:41,459

Uh, and, uh, he has, uh, lost, uh, you

know, swing voters that, uh, that uh,

: 1869

01:33:41,519 --> 01:33:46,199

that have, that are, that are fickle

and that that's gonna happen with, um,

: 1870

01:33:46,739 --> 01:33:48,539

particularly the Hispanic communities.

: 1871

01:33:48,568 --> 01:33:51,989

Uh, you know, like Texas

might go blue, uh, and.

: 1872

01:33:53,561 --> 01:33:54,341

Jerremy Newsome: That'd be wild.

: 1873

01:33:54,341 --> 01:33:54,701

Huh?

: 1874

01:33:54,914 --> 01:33:58,904

Dave Conley: This is a, and that

is now we're in the realm of not

: 1875

01:33:58,904 --> 01:34:03,164

only is the, you know, congress

gonna be fundamentally stalled.

: 1876

01:34:03,164 --> 01:34:05,924

We are gonna be in like

impeachment land again.

: 1877

01:34:05,984 --> 01:34:09,464

We are going to be in more chaos, right?

: 1878

01:34:09,734 --> 01:34:13,544

Like we are in like extra, extra

chaos for the rest of this year.

: 1879

01:34:14,054 --> 01:34:15,374

Again, we're not in control.

: 1880

01:34:15,734 --> 01:34:16,814

If we're not in control.

: 1881

01:34:16,814 --> 01:34:18,884

That means this is long and drawn out.

: 1882

01:34:18,914 --> 01:34:21,943

It's been, oh, it's gonna be

a weekend, is how it started.

: 1883

01:34:21,974 --> 01:34:23,504

And then it's like, okay,

we're gonna be done.

: 1884

01:34:23,534 --> 01:34:25,454

You know, like we've already won.

: 1885

01:34:25,574 --> 01:34:26,324

We're going to win.

: 1886

01:34:26,353 --> 01:34:27,943

You know, like it's

gonna be done this week.

: 1887

01:34:28,364 --> 01:34:30,014

I was like, we've already won.

: 1888

01:34:30,074 --> 01:34:31,454

We've sunk their army.

: 1889

01:34:31,484 --> 01:34:34,304

They can't fire any missiles or, or.

: 1890

01:34:34,599 --> 01:34:37,898

You know, like missiles and

it's gonna be another two weeks.

: 1891

01:34:37,989 --> 01:34:40,929

And I'm like, okay, they're

still firing missiles, but you

: 1892

01:34:40,929 --> 01:34:42,609

know, now we need regime change.

: 1893

01:34:42,609 --> 01:34:43,389

I'm like, okay, great.

: 1894

01:34:43,809 --> 01:34:45,309

Um, oh, it's about nuke.

: 1895

01:34:45,459 --> 01:34:48,159

Like it's, you know, like

it is constantly shifting.

: 1896

01:34:48,818 --> 01:34:53,228

And to think that it's going to quote

unquote in this week is, is is foolish.

: 1897

01:34:53,289 --> 01:34:53,709

Right?

: 1898

01:34:53,769 --> 01:34:59,349

Or next week or six months from now,

because again, we're not in control.

: 1899

01:34:59,859 --> 01:35:00,879

Uh, it would.

: 1900

01:35:01,484 --> 01:35:06,164

The, the kind of things to that

we need it to quote unquote seize

: 1901

01:35:06,164 --> 01:35:11,023

the control back into the United

States is, is, is devastating

: 1902

01:35:11,023 --> 01:35:12,344

Things that we cannot think of.

: 1903

01:35:12,344 --> 01:35:17,564

It's a lot of dead bodies or it's, you

know, like the, the use of nuclear weapons

: 1904

01:35:17,564 --> 01:35:19,574

is not zero and it needs to be zero.

: 1905

01:35:19,634 --> 01:35:19,994

Right.

: 1906

01:35:20,023 --> 01:35:22,754

You know, like if there's any

percentage of nuclear weapons,

: 1907

01:35:22,754 --> 01:35:25,844

we are, we are in, in no bueno.

: 1908

01:35:25,874 --> 01:35:26,294

Right.

: 1909

01:35:27,044 --> 01:35:29,294

Um, so I.

: 1910

01:35:30,539 --> 01:35:34,259

That's where I sound like a panicking,

maybe even a little tinfoil hat.

: 1911

01:35:34,318 --> 01:35:39,209

Uh, but I, I do not see the

political reality of today.

: 1912

01:35:39,959 --> 01:35:40,599

Um, I.

: 1913

01:35:42,299 --> 01:35:46,349

You know, you and I deal with, or I deal

with probabilities and, and it's like,

: 1914

01:35:46,349 --> 01:35:51,659

I, man, if I was in Vegas, I, this is,

you know, you and I talked about these,

: 1915

01:35:51,659 --> 01:35:56,309

uh, these prediction, I'm gonna say

gambling markets, the IES of the world.

: 1916

01:35:56,639 --> 01:36:02,369

I'm like, chips all in on, on these, you

know, it's like, if anybody's like, has

: 1917

01:36:02,369 --> 01:36:06,929

any money on this ending soon, I, I, I am

fine with writing a check for that one.

: 1918

01:36:07,019 --> 01:36:10,019

Like, like cash that on, you

know, six ways from Sunday.

: 1919

01:36:15,264 --> 01:36:15,853

Okay.

: 1920

01:36:15,914 --> 01:36:16,454

All right.

: 1921

01:36:16,544 --> 01:36:18,824

We are wrapping up.

: 1922

01:36:18,884 --> 01:36:19,304

You are.

: 1923

01:36:19,334 --> 01:36:20,594

You are muted my friend.

: 1924

01:36:20,654 --> 01:36:21,164

This is our.

: 1925

01:36:21,681 --> 01:36:22,941

Jerremy Newsome: Still trying

to figure out how to mute it.

: 1926

01:36:23,031 --> 01:36:24,771

Uh, learning technology.

: 1927

01:36:25,191 --> 01:36:25,550

Yeah.

: 1928

01:36:25,581 --> 01:36:28,311

Ladies and gentlemen, we hope that

this was viable, helpful, useful.

: 1929

01:36:28,311 --> 01:36:31,371

It just gave you some, some fun

background noise to listen to and

: 1930

01:36:31,371 --> 01:36:35,001

to soak in on because we're gonna

be here and pour into the team and.

: 1931

01:36:35,791 --> 01:36:42,511

just support everyone's best vision of

how we can together create more wealth,

: 1932

01:36:42,511 --> 01:36:46,351

more opportunity, more awareness for

everyone who's involved, that we can

: 1933

01:36:46,800 --> 01:36:51,691

slowly increase the consciousness and

the conscious awareness and the way

: 1934

01:36:51,691 --> 01:36:54,210

that people are educated, the way that

we're learning, and the way that we

: 1935

01:36:54,391 --> 01:36:59,130

can shift together to create a bigger,

brighter, bolder future for all of us.

: 1936

01:36:59,550 --> 01:37:00,781

Dave, it's been a pleasure as always, man.

: 1937

01:37:00,781 --> 01:37:02,221

Thank you for the information.

: 1938

01:37:03,414 --> 01:37:08,734

Dave Conley: And follow us

on SolveUSApodcast on X and

: 1939

01:37:08,734 --> 01:37:11,794

SolvingAmericasProblemspodcast

on Instagram.

: 1940

01:37:11,794 --> 01:37:15,844

And we'll have a link in this to

also find our glorious podcast.

: 1941

01:37:15,844 --> 01:37:15,853

The.

: 1942

01:37:15,934 --> 01:37:17,853

Thank you all and have a great day.