Epstein Files to AI Nightmares: The Hidden Crises Eroding Trust and Wealth
Hosts Dave Conley and Jerremy tackle America's mounting socio-economic pressures and political divisions in this raw discussion. From public backlash over Charlie Kirk's death and misused Nazi labels to the sting of tariffs, soaring credit card debt, and unemployment, they expose economic fault lines. Ethical red flags in AI advancements emerge via Sam Altman's insights, while Congress's secretive grip on Epstein files erodes trust. Jerremy pushes for income-based gambling regulations to curb harm, wrapping with warnings on international conflicts and U.S. isolationism.
Timestamps:
- (00:00) Clips from Current Events 1-2
- (11:47) Automating Business Processes
- (12:15) Epstein Files Controversy
- (15:30) AI and Moral Frameworks
- (19:43) Gambling and Economic Impact
📢 Solving America’s Problems Podcast – Real Solutions For Real Issues
Transcript
Dave and Jerremy grapple with the glee some felt over Charlie Kirk's death,
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:calling it a sign of lost humanity.
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:They push back on casual Nazi
labels as dangerous devaluation.
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:But the deeper dive reveals broken men
driving national divides—how does that
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:fracture everything from rights to unity?
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:Dave: Let's, since we're already
doing it, let's flip over to, uh,
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:to sort of the economic stuff,
the, uh, FOMC meetings this week.
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:Things are, you know, like things
are funny in the economy, right?
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:Prices are going up, probably
tariff related, but economies
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:having some issues like credit card.
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:Credit cards are, are,
you keep on going up.
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:As far as issues like there's,
there's clearly some stress, you know,
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:there's unemployment, particularly
for young people, that's an issue.
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:Immigration is probably pushing
some, some levers on the jobs data.
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:There was a big revision there.
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:People make money when things are
volatile, but people don't make money
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:if everything's like really volatile.
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:Right.
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:Jerremy: Yeah.
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:The majority of the people will not.
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:That is correct.
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:You're absolutely
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:Dave: Yeah.
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:Jerremy: So when things are
really volatile and really
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:tumultuous, you Correct.
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:The majority of people will not
make money 'cause they're scared.
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:Volatility just in essence
should, and it should, but it
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:does generally scare people.
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:But that's, if they don't know the
direction, Volatility when, the
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:direction isn't nearly as scary.
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:That's because, like a plane, right?
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:People are gonna take a
plane versus take a bus.
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:'cause
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:Dave: Yeah.
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:Jerremy: it's faster, but faster is by
definition, volatility and velocity.
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:So as long as people know where it's going
and they have some information tied to it.
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:I think it'll be perfectly fine.
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:The reason I don't think that we're
truly in a bubble right now, personally,
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:let's call it an asset bubble or stock
bubble, is because earnings are going up.
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:Now, are we priced high?
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:Too high?
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:Yes, I think so.
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:But earnings are going up and that is
because people are making more money.
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:And that is because companies are able
to reduce a lot of employee workforce.
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:That is because of a lot of software.
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:Sure, ai, certain tools are coming
in making other jobs faster and more
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:cost effective and therefore companies
are making more money right now
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:that's why stock prices are going up.
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:But at the same time, if people do
have investments into stocks, 4 0 1 Ks,
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:IRAs, retirement accounts, so on and so
forth, they're probably at this point,
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:most likely doing really well or at
least decently well, they're feeling it.
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:And so then they're spending and they
feel safer and they're buying more things
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:and more people buying more things.
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:And you have a little
bit of tariff pricing.
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:Prices are gonna go higher
'cause you have more demand.
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:It's all very interesting.
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:But with gold at all time highs,
the stock market all time highs,
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:pretty much at all time highs.
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:Silver, getting back to
some of its all time highs.
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:It really is quite interesting to me what
is gonna take that tipping point over.
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:And I'm really truly at this exact stage,
not entirely sure what it's gonna be.
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:Dave: Reed who we're
interviewing this week.
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:It's going out right now.
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:He said something that's really
stuck with me, which is Hey, you
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:know, these politicians, like,
they don't affect your life.
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:This is Tyler.
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:He's like, man you have
the most control over you.
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:Like these politicians, they might
just like affect you, just like
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:this little itty bitty stuff.
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:FOIA meetings coming up.
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:I think a lot of people
just get focused on that.
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:Like, is that gonna affect us all?
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:Like stock market?
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:Sure.
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:That affects a few more
people tariffs and inflation.
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:That affects everybody.
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:What do you think are the, the big
levers or big, what are people feeling?
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:What are Americans feeling right
now as far as their pocketbook
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:goes, or as far as the economy goes?
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:Do you think it's sideways, up, down?
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:Like what?
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:What are people, what's the vibe?
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:Jerremy: I feel like the majority of
individuals are mostly stressed right
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:now about the cost of food and housing.
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:Dave: Yeah.
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:Jerremy: these are the
two really big ones.
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:Because ultimately man, like boy, oh boy.
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:It is expensive out there.
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:Mean a trip to the grocery store is
gonna run you 250 bucks for yourself,
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:Dave: yeah,
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:Jerremy: a
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:Dave: and you have a hungry family too.
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:Jerremy: Yeah.
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:Dave: Young boys.
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:Jerremy: Yep.
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:For a week of food.
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:And then, all right, so
now the cost of housing,
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:Dave: Yeah.
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:Jerremy: we have more demands,
we have more people coming.
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:We have a population that's
growing meaning our teenage
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:population is really growing, so
demand for homes is increasing.
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:Dave: Yeah.
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:Jerremy: yes, you definitely
have immigrants into the country.
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:But that's a very small number,
relative to people that need housing.
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:Is, it's just a shortage.
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:And then with the interest rates and
then the cost of everything, I think the
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:people right now, the majority of the
people, the biggest stressor, I'm not
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:gonna, I won't use this as cannon fodder
too often, but I did probably watch,
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:without exaggerating a hundred hours of
Charlie Kirk videos this weekend really
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:to dial in on like, why did people vilify
him so much and why did people hate him
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:Dave: Yeah.
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:Jerremy: So I can't figure that one out.
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:But one
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:Dave: Right.
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:Jerremy: one of the things that he
did mention that is broken in this
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:country, and he did directly mention
right, our president as someone that
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:could fix it although he won't is the
husband taking care of the wife and like
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:saying, Hey wife, if you don't want to
work, have to stay home with the kids.
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:Raise them if you want to,
if that's what you wanna do.
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:of the interviews that Charlie was
saying was, I don't believe that
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:we should live in a country where
the man and the wife, in order to
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:afford life, have to go to work.
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:goes, that's a broken system.
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:And that is exactly
where we're at right now.
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:100%, like for a couple to
have more than one child.
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:Both.
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:Both parents have to work unless one of
those parents makes over $120,000 a year.
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:And I would say that's probably like an
89% of the cities in the US and there's
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:probably a very small portion where
that's probably not exactly accurate.
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:But it, by the majority, everyone of
our listeners probably feels that pinch
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:because again, more than one child, right?
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:So if you have two kids and one
person's gonna stay home at work.
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:mom or dad, right?
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:I know a dad that stays home, but
mom or dad that's gonna stay and take
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:care of two or more kids full time,
the other individual has to make
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:at least $120,000 a year minimum.
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:And that's that's a challenge, man.
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:That's just a challenge.
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:Dave: Yeah.
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:Jerremy: So I think that's
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:Dave: Whereas,
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:Jerremy: the vibe.
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:Dave: And not too long ago, we're
talking, like my parents you make jokes.
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:I'm so old.
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:I'm only, like I'm at
I'm early fifties, right?
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:Like we're only a few years apart.
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:Come on.
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:But.
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:But in the seventies and the
eighties, you could have a
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:single Breadwinning household.
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:You didn't have to, like
women were in the workforce.
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:Um, and you afforded a
good middle class life.
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:And you might even have like
a, a vacation, you know, place.
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:You'd definitely be able to go on
good vacations with your family.
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:You didn't have a lot of nos.
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:You had a lot of options, and
now it's not a lot of options.
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:Your money's going out the door.
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:It's going to food, it's going to
healthcare, it's going to, housing,
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:and there's nothing left over.
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:And so you need more and more people.
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:Jerremy: What you just said over there.
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:I was like, nah, dog.
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:That's a quarter million dollars a year.
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:And your spouse has a side hustle to
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:Dave: Just to do the life
that was in our, my lifetime,
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:Jerremy: yep.
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:Exactly.
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:And to do the whole, and again, op pair
I don't wanna send my kids to school.
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:I wanna have constant childcare in
our home 'cause I don't wanna drop 'em
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:off 'cause I don't trust or whatever.
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:Dave: Yeah.
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:Jerremy: you're talking 300,000
and then that's probably net.
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:say net, that means now that's
really after taxes because, so
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:it's a very interesting situation
and how do we really solve that?
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:The fortunate slash unfortunate part
is, I do think it's gonna be education.
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:Meaning, meaning I think it's gonna
be a more focused on the discussion of
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:how does one outrun an asset inflation?
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:And the short answer for all of our
listeners is create more asset inflation.
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:That's how you outrun it.
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:Meaning you, you out
asset inflate the asset.
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:Assets that will inflate faster than
whatever asset that you need to outrun.
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:Yeah.
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:Housing costs, food costs.
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:So that's what I've done in my life.
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:And I did that with the stock market.
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:So I said, Hey, the stock
market's gonna move very quickly.
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:These stocks might move 50% this year.
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:If I put a hundred thousand
dollars into the stock and
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:it moves 50%, I make $50,000.
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:That $50,000 of movement
is an asset inflation.
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:That's what it is.
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:The price has
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:Dave: Yeah.
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:Jerremy: So if I, my cost of living
is $50,000 a year and I make 50,000
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:trading in the stock market now,
anything else I make on top of that?
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:That's the short answer is like you have
to do a faster asset increase to outrun
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:Dave: Run faster.
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:Yeah.
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:Jerremy: Need to learn how
to do that through school
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:and through proper education.
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:Now second point of that is, I
think the only real reason, the
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:only real way we do have a big
inancial reset like we did in:
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:not calling for that.
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:I don't want that to happen.
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:I realize that with every 1%
increase of unemployment suicide
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:rates and murder rates and like
just poverty, every 1% increase.
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:It's a pretty dramatic number to
the bottom line of individuals
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:that are directly impacted.
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:that will happen at some point.
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:'cause that is human nature, right?
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:There is boom bus cycles.
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:And within the next 10 years, we
will have another large one, a
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:50% plus big market correction.
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:But then after that market
correction, we will have the
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:strongest 30 to 50 years in history.
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:And it'll be extremely powerful.
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:And I think that the gap will
still get wider and instead of
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:the top 1% being the top 1% will
be the top 2%, maybe the top 3%.
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:And in 50 years, Dave when we're all
50 years older, 50 years from now, I
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:could easily see a normal car costing
half a million dollars a house costing.
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:Three and a half, four, $5 million.
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:There will be more millionaires
by a magnitude, except being a
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:millionaire will be relatively
relevant because you'll also have
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:over 10 trillionaires 50 years, you'll
have tens of thousands billionaires.
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:You'll have hundreds of
thousands of billionaires, right?
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:And so money will just be more, and
so things will cost more valuations
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:will be more, the Dow Jones and 50
years from now be well over a quarter
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:million, well over a quarter million.
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:And this is a really good chance.
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:It'll be at a million that might take
a hundred years, but it, that's coming.
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:And right now, this exact moment, this
exact recording, the Dow Jones is at the
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:highest price ever at 45,000, 46,000.
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:Dave: Wow.
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:Jerremy: I'm calling for it
to quadruple or sepal in 50
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:years, but that's gonna happen.
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:Yeah man, so there it is really,
uniquely interesting and again, that's
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:just my theory from an economist or
whatever you wanna call me someone
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:who's just aware of the markets.
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:But I do believe that the way to shrink in
that gap sure is really proper education
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:around all things money and all things
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:Dave: Yeah.
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:Jerremy: and all things inflation
and all things like, here's
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:how one can speed up processes.
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:It doesn't mean it has to be an
automated online coaching business.
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:You can absolutely own a car wash and
just crush it for the next 50 years.
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:You can do very well in car washes,
but you're gonna have to figure
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:out how to automate some things.
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:You're gonna figure out how to make
your margins a little bit better and how
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:to decrease costs a little bit better.
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:And so all those things are
gonna have to be conversations.
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:Dave: Nice.
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:Alright, let's switch some gears.
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:Jerremy: let's do it.
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:Dave: Some things that didn't show
up last week because the world
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:got blotted out by one thing.
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:Epstein files, they were voted on last
week by Congress and it was voted down.
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:Like, we're not, nobody's
gonna release anything.
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:And this is a funny one, I think.
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:You're either like, really in this Epstein
file world or you're like, I don't care.
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:But ultimately I think it feels
super covered up for it's felt
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:like way that way for a long time.
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:But underneath all of that, it
feels like there's just a different
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:world for our political leaders
the wealthy that they play by
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:different rules and we don't get to.
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:Jerremy: Yes.
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:Dave: Can you imagine, and that
somehow we're making it partisan.
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:Like, how is this partisan?
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:I like everybody, all of our
representatives should be saying, of
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:course, we want radical transparency
except for this, my god, this stinks.
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:Jerremy: It does stink and I don't
even know if I should even say
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:it, but I guess I probably will.
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:Being on Twitter and all kinds of
different social platforms and falling
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:all kinds of different people with
all different colors of hair there
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:was one individual that was like,
oh, tinfoil hat, good chance that
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:potentially Charlie knew something.
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:About the whole vote and about the whole
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:Dave: Oh.
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:Jerremy: list.
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:And he is gonna keep pushing it
and pushing it, and pushing it.
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:And again, I will say that Trump will lose
a very large portion of his voter base.
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:And this is gonna get swept under the rug.
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:And this is the exact moment that
need to get swept under the rug.
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:So there's, one of those unfortunate man,
that's a crazy dumb, weird, insane, awful,
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:horrible, slightly viable coincidence
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:Because
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:Dave: government.
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:Yeah, that's, yeah.
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:We've gotta take the hit sometime, right?
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:Jerremy: yeah.
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:Dave: We still, we're still looking for j.
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:K files.
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:They didn't release all of them yet.
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:We think ar like we just, yeah, you
can get blamed for, or you can get,
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:painted as a conspiracy theorist, but
look, just put out the information.
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:That's all we're asking
is just put it out there.
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:Take the hit on the Epstein files,
take the hit on UFOs and all of that.
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:Just release the hounds.
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:Jerremy: I
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:Dave: need more institutional
trust and this doesn't do it.
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:Jerremy: yeah, I think that correct.
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:We do need a lot more institutional
trust, but I think you and I both
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:know why they can't release it.
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:And that's the unfortunate part is
there's a lot of people and very
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:high parts of government we're
obviously there names are on the list.
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:And then people that are sleuths
are gonna do some digging
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:Dave: Yeah.
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:Jerremy: gonna find some things
that they do not like and that's
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:gonna rattle a lot of cages.
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:And that's a big cage that
nobody wants to rattle.
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:Dave: Yeah.
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:Jerremy: really ultimately,
that's what it has to be, dude.
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:It has to be that same thing
with JFK and same thing with
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:UFOs and all the other stuff.
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:It's listen, reason they're
not releasing it is obvious.
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:Like we can't be that dumb.
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:We're like, wait a minute.
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:Trump and his entire administration
said that they would release it.
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:For sure.
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:Definitely.
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:Absolutely Would Patrick
be David Grant Cardone and
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:Dave: everybody.
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:Jerremy: Dana White.
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:Yeah, get it out.
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:Drain the swamp, take
all the pedophiles out,
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:Dave: none of that.
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:Jerremy: none of it's happened.
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:Dave: None of it.
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:Oh my God.
329
:Jerremy: Super weird.
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:Crazy, insane.
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:Dave: So I'm gonna put
another link in here.
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:Because I listened to an interview
I wouldn't have normally like, hit
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:my radar, but it was fascinating.
334
:It was on Tucker, if you all listen to
this and you're like, oh my god, Tucker
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:Carlson, I've never listened, man.
336
:He's been doing some fascinating
interviews and I'm like, give this
337
:dude a chance on this interview
because it was with Sam Altman and
338
:it was, it's only an hour long.
339
:It's like 50 minutes, and it was, if you
want like the scariest look in the future,
340
:look at one of the dudes who's driving the
train because Sam Altman and what he said.
341
:With very basic questions
was terrifying to me.
342
:It's like most basic
question in the world.
343
:Okay.
344
:You have these incredibly powerful
tools that you are creating, that you
345
:are a part of, you have to train them,
you know, like the training means, it's
346
:like you have to put on some guardrails.
347
:You have to, you have to
give it a framework and.
348
:Tucker was like, and a moral framework.
349
:You know, because otherwise you,
you have this incredible tool that
350
:is a sociopath, you know, like, and
he asked the most basic question.
351
:It's like, okay, what's
the moral framework?
352
:And Sam Altman couldn't really
answer it, and you could see him.
353
:Trying to answer it in real time.
354
:And I'm like, dude, you
are in charge of this.
355
:Like, you haven't thought this through.
356
:And he is like, we had this team
of people that, you know, like
357
:Moralists, that, help us with this.
358
:And, uh, Tucker's like,
okay, who are they?
359
:What do they believe?
360
:And like super simple questions.
361
:It's like, what are the beliefs and.
362
:It goes to the conversation
that we had earlier.
363
:It's like, okay, some people are
celebrating and like, okay and Catholic
364
:church, like they believe this way.
365
:These are moral frameworks.
366
:What are you teach him
this, this beast on?
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:And he could not answer it
with any kind of clarity.
368
:And I'm like, oh wow, that.
369
:Jerremy: Terrifying.
370
:Dave: Yeah, so ai, ai, and talk about not
giving our kids like a hope in a future.
371
:Like they are seeing ahead
and they're seeing like, what
372
:are my prospects in this?
373
:Like if my future jobs are
taken away by robots and ai,
374
:it's what am I gonna be doing?
375
:I'm like, oh no.
376
:Any hot takes on our AI discussion,
this is definitely gonna be a
377
:huge topic for us in the future.
378
:Jerremy: Yeah, it's gonna
keep compounding for sure.
379
:The biggest, most advantageously unique
aspect of artificial intelligence
380
:is not intelligent right now at
381
:Dave: Yeah.
382
:Jerremy: And that's a terrifying
concept because it will become
383
:intelligent at some point when,
from who is it learning from and
384
:Dave: Who
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:Jerremy: now.
386
:Dave: who's your daddy?
387
:Jerremy: Yeah.
388
:Bro, if you get a Trump ai,
389
:Dave: Oh.
390
:Jerremy: I'm not subscribing to that.
391
:That is, that's a.
392
:Dave: Or if you get a Ma dung
if you get a Stalin ai, it's I'm
393
:not listening to that one either.
394
:So it's ah, he couldn't answer
like, the most basic things.
395
:Okay, what's it gonna say on suicide?
396
:Because there's actually like a lot
of news on kids committing suicide
397
:and using chat GPT or using AI
to get into that or being talked
398
:into it or like not being healthy.
399
:It's oh yeah, that keeps me up at night.
400
:And Tucker's okay, talk to me about that.
401
:And he couldn't because like the
morality around that is different.
402
:In some cultures it's this
is completely forbidden.
403
:This is yeah, there's no thing such
thing as suicide in a lot of countries
404
:and like Europe or even Canada.
405
:It's a physician assisted
suicide is a thing.
406
:In the United States, like we don't talk
about it, but we do ensure that, that
407
:people pass this happened with my late
wife, like we ensure that people pass
408
:well, and that is a moral discussion.
409
:And it's like, well, what are
you training this machine to do?
410
:You know, and he's like, ah, I don't know.
411
:Jerremy: It's terrifying.
412
:Dave: Wow.
413
:Jerremy: really.
414
:Sketch big.
415
:Sketch.
416
:Big sketch.
417
:Dave: All right.
418
:So you live in the gambling capital, one
of the gambling capitals of the world.
419
:I haven't been to Macau, but I'd like to.
420
:I'm already setting up a little
trip with my brother from another
421
:mother to go out to Reno and do some
poker playing, which will also come
422
:your way since I'll be right there.
423
:Jerremy: percent.
424
:Dave: you're.
425
:You are in Las Vegas and lot of news
about, ah, you know, I hear the ads all
426
:the time for these sports betting apps.
427
:And it's just getting bigger and bigger.
428
:I have some pretty
strong opinions on this.
429
:If gambling is available everywhere
and it doesn't lead to good things,
430
:economy's, uh, dry, it sucks people dry.
431
:Like, these are serious, addictive
things, you know, like I, I have, I
432
:do have some strong opinions on that.
433
:I really do think that, you know, you
need to put a bit of a fence around
434
:this to ensure that, you know, you're
not destroying a ton of lives, but
435
:you can pull up these apps and these
apps are targeted at people who lose.
436
:Like if you win on these
apps, they kick you off.
437
:And these sports betting things like
they are making bank, I don't know.
438
:What do you think?
439
:You're in Vegas.
440
:Jerremy: I am in Vegas.
441
:So I've literally not even
giving it any thought until
442
:your exact question right now.
443
:And so I'm just gonna do
444
:Dave: Good
445
:Jerremy: of consciousness.
446
:Dave: hot take.
447
:Jerremy: I were president and I was
tasked with creating rules, regulations,
448
:or information around betting it would
be a vice personally that I would
449
:put pretty stringent rules around.
450
:And here's why.
451
:The majority of people that bet lose
the majority of people that gamble
452
:lose, and there are much better economic
ways, much more economic viable ways.
453
:To make money that are
guaranteed AKA by assets.
454
:I don't like gambling.
455
:If you are a Christian a big
no-no in the Bible, right?
456
:You're not supposed to be a gambler.
457
:You're not supposed to gamble
it's like a, no, don't do this.
458
:Some people have called the stock
market gambling, but I can come
459
:up with 455 different mathematical
reasons why it's not gambling,
460
:as a professional gambler, right?
461
:Someone who does gamble and generally can
get kicked off of apps because I will win
462
:if I were to create rules around gambling,
it would be credit score related.
463
:And you'd have to fill out an application
and you'd have to get approved.
464
:So if you make $40,000 a
year, you can't gamble.
465
:I love you.
466
:I'm sorry.
467
:Here's why you can't gamble.
468
:You don't have enough money.
469
:You're broke and you're not gonna be
able to get up into the higher income
470
:earning portions of your family.
471
:If you gamble with $40,000.
472
:You need to learn how
to invest appropriately.
473
:You make $400,000 a year, fuck it.
474
:Roll some dice.
475
:Who cares?
476
:Dave: Yeah.
477
:Jerremy: all of your money.
478
:It's gonna be your fault.
479
:I'm perfectly fine with companies
making money off of gamblers.
480
:I'm all good with that.
481
:That's why the whales, right?
482
:These huge individuals monetarily
that bring in so much money
483
:in revenue into casinos.
484
:you make $10 million a year
and you wanna blow $3 million
485
:on a sports bet, go for it.
486
:Knock yourself out.
487
:But there should be a financial
threshold in my personal opinion.
488
:And I think that's also a way.
489
:To allow the individuals and
the populace of any country, but
490
:specifically the United States of
America that don't make as much money.
491
:them, Hey, listen, you can't gamble
'cause you don't have enough stock assets.
492
:Let's go increase your stock holdings.
493
:Let's go make you more money in the
stock world and do it appropriately.
494
:Dave: I'm down with that.
495
:Like we have age restrictions on things.
496
:There's investment things you can't
do if you don't have enough assets.
497
:There's all sorts of restrictions.
498
:Alex: Next up, Dave probes international
chaos from Somalia to the Middle
499
:East, questioning endless conflicts.
500
:Jerremy pushes for letting
others sort their fights.
501
:But as they weigh isolationism
against globalism, the real
502
:tension builds—if we pull back,
what pressures boil over at home?