Navigating Global Chaos: Market Bubbles, Ukraine Escalation, and Crony Capitalism Exposed

Alex: 00:00:00

Jerremy spotlights government stock buys in lithium as rare and

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intriguing, while Dave questions

if cronyism distorts capitalism.

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The stakes rise—if sovereign

funds prop buddies over needs,

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how fair is the economic game?

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Dave: Like we saw all that stuff

in LA with the no Kings protests.

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Jerremy: Uhhuh.

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Dave: And my buddy in LA was like,

man, that's one small area down in la.

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It's like the rest of LA doesn't

even know this is going on.

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And just because it's all over

social media and all over the news.

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It's like the number one

story and it's everywhere.

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And the rest of LA was like, what?

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What's going on?

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What's happening?

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Jerremy: Yeah.

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Dave: So is it real,

or is it manufactured?

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I don't know.

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It's is it sensationalism

or is it reality?

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Jerremy: It's definitely interesting

that you heard about Chicago.

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Like I just, I didn't even, it

didn't even come across my feed,

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Dave: Wow.

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Jerremy: Yeah.

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Which is unique.

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'cause again, I follow a lot of

news outlets a lot of people.

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So that is pretty wild,

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Dave: do a search online for that one.

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'cause it the images are startling.

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Like uhoh.

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This is not good.

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Jerremy: Yep.

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And then from an international standpoint

this is one that you and I both are

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just like WTF, what is going on?

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The US is upping support

with Ukraine, increasing it.

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So you have Russian drone attack

caused a power outage and.

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Ukraine is still just,

ongoing of the fighting.

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So whatever the peace talks or the

discussions that occurred in Alaska

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Dave: None of that.

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Jerremy: did nothing.

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Nothing played out.

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It's still happening.

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Dave: Putin actually came off of

that Alaska thing and then publicly.

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He did it in Russian, but I don't

know if he didn't think anybody was

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watching, but he did it in Russian

and he just slammed Donald Trump.

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And like the one thing we all know

collectively is don't trash the man.

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He's going to act irrationally

if you trash the man.

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And he did.

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But, so then we're just

pouring more on it still.

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Just more money.

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Now we're upping support by.

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A giving increasingly long range

missiles and enabling, targeting.

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Giving, giving, targeting

to the Ukrainians.

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There's so many things wrong with this.

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I can't even begin in that.

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We just keep on poking a

nuclear power in Europe and I.

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This isn't going well, and I think

the Ukrainians have a point in that

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they're under attack, and what they're

actually trying to do is take all

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of the Russian oil offline, because

that's how Russia makes money, right?

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They make money from Europe,

they make money from China.

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Europe buys a lot of Russian gas still.

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They never cut that off.

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So the Ukrainians are like, okay, we're

cutting it out and we're using, us

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satellites in order to target the stuff.

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And they're actually, they actually

knocked off like a quarter of Russia's oil

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and they're going for like another 75%.

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That's gonna cause some pain.

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But they have the most nuke nukes.

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Nukes I'm back to this nukes, I

just keep coming back to nukes.

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We have to negotiate, like this

is, we have to be friends with

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the Russians and the Chinese.

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We may not like them, we may

not like their policies, but we

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have to be friends with them.

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We're forced to.

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They're our neighbors.

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We've gotta I don't know, do you have any.

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What do you got?

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What do you got on this?

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What would you what's your given

that, that Trump said I could solve

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this in 24 hours and he hasn't.

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Jerremy: Yep.

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Yep.

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Dave: you're in on this,

you're in the seat now.

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Jerremy: Yep.

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Dave: what's, what would

your take be on this?

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Jerremy: That's a, the ironic part

is has it not been solved, but us

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saying, all right we're gonna keep

putting more for you and towards you.

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Dave: Yeah.

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Jerremy: And because he's

had, again, obviously, right?

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He met with Putin in Alaska and he had

zelensky in the Oval Office, like he's

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attempting to, just hasn't done it yet.

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And that's a really big, red flag's

not the right word, but it's something

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that a lot of people are glossing over.

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Cause it hasn't actually happened yet.

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He hasn't pulled it off.

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And but I don't think he can either.

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He thinks he's just so cool

and buddy-buddy with Putin, and

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him and Putin are best friends.

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It's dude, Putin hates you.

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He thinks you're, he

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Dave: he does.

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Yeah.

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He thinks he's a clown.

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Yeah.

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Jerremy: yeah.

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Yes, exactly.

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Dave: said it.

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He actually said it on Russian tv.

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He is he's a clown.

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Like that's not

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Jerremy: right.

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Yeah,

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Dave: Like Uhoh.

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Jerremy: so he has zero respect,

so he is talking less to him.

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How to solve the situation.

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That's something that I'm unaware of.

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I don't, I unfortunately

don't have that answer.

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But I do not, I don't understand

the continuation of support.

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I don't know even the tally at this

point, but it's probably getting

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pretty close to a trillion dollars.

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Dave: Enormous amounts of money.

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Jerremy: Yeah, it's

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Dave: And people, we're back at

the hundreds of thousands, if not

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seven figures of young Russians and

young Ukrainians that are just dead.

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This will end in negotiation.

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It depends on how much people wanna lose.

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And so what do you wanna do?

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I.

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The only thing I know for certain,

for absolute certain is that every

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time there's instability in the

middle of Europe, bad shit happens.

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We've had two world wars over this and

we are not taking this seriously as in

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okay, to be done or this gets uglier.

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I.

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It's one of the hopes that I had,

I knew that the Biden Harris,

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or Harris Walls administration

wasn't going to be good on this.

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And turns out that while I think there

was some positive things, at least there

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was some talking going on with Trump.

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It hasn't gotten better,

it's gotten worse.

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So maybe none of neither of

them could have done anything.

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But I just know that continuing

instability in this region

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is probably in, in my view.

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Is the biggest problem in the world.

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Bar none.

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Jerremy: Yeah.

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Nukes

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Dave: Good times.

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Nukes are bad.

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Nu.

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Nuclear weapons turn out to still be bad.

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Jerremy: Yep, yep.

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And, you still have

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Dave: a.

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Jerremy: Israel and and Gaza.

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That's a daily daily situation right now.

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And then Trump declares armed

conflict with Caribbean drug cartels.

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Li labeling them as a terrorist

group to justify US military

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strikes on smuggling vessels.

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Dave: Got it.

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Jerremy: That raised a lot

of questions about legal.

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Legal is that, it's a boat.

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Are we Sure,

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Dave: he is using the terrorism

gen designation, and this is the

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terrorism designation from 2001.

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It's, I think it's the

what do they call it?

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Contract congressional

finding of blah, blah, blah.

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It's the authorization for war.

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So they're just, they're labeling anybody

and everyone, a terrorist and anybody,

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they don't like domestic terrorists.

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Now, anti's, a domestic terrorist.

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Anybody who doesn't agree with us as a

terrorist, nobody's defined terrorist.

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So now drug runners are terrorists,

Hamas is terrorists, and.

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Bottom line is you do not want

to give the government and the

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executive this kind of power.

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These congressional things

needed to be shut down years ago.

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Otherwise he would've had to go to

Congress and say, Hey, I want to

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drone boats outta the Caribbean.

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Sea Congress would've been like no.

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Yeah, I, part of this is that, we

have Marco Rubio, who is the head

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of the NSA, he's, he is he's head n,

or a National Security Council, NSC.

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He's the head of that, and

he's the Secretary of State.

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He's from my neck of the woods and.

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The people in South

Florida are very clear.

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They want to overthrow Cuba and they

want to overthrow Venezuela, and they

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are using the power of the federal

government in order to do that.

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And it is intensely frustrating for

me that we are again, just kowtowing

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to people who do not have us best

interests in mind to overthrow.

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Overthrow more.

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'cause that's always worked out well.

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Jerremy: Historically

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Dave: Keeps on working out.

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Jerremy: Bomb 'em fi

fight 'em, take 'em out.

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Dave: You know

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Jerremy: be fine.

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Dave: how we win.

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Hearts and minds.

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Shoot 'em.

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Jerremy: Yeah.

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Yeah.

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That, but that's, that has

been unfortunately the move

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Dave: how do we get like.

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Jerremy: long

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Dave: How do we get, we are

the people who are like, okay,

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Trump, he starts no new wars.

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He's, the peace president yada, yada.

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And the bullshit of all of this.

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I think last time we had this conversation

I mentioned, I think it's Yemen.

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We bomb Yemen every single week.

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We are bombing Yemen more than

we ever have, in Somalia, we are

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bombing these places every single

week, and it's not even on the news.

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You have to go hunting for it.

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They have unleashed the hounds.

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They have changed the.

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They're changing our weapons of war

and how we can execute things and how

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they do things with special forces.

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They have completely taken the leash

off and I don't know man, like now

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it's the Department of War, right?

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We're putting 'em in the cities

and we're bombing things and

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this doesn't feel good to me.

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This was the Make America

Great again president.

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And what we have is.

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Why don't we keep bombing children in

Gaza and blowing up stuff in Ukraine

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and obliterating things and everywhere,

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Jerremy: Yeah.

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Dave: pushing sand around

or blowing up drug runners.

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Jerremy: And you

mentioned Inve, Venezuela.

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I mean that the next CU Cuba hasn't been

mentioned very often, but that could

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Dave: It's coming.

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Yeah.

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Jerremy: that.

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Yeah, that, that's

probably right around the

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Dave: A hundred percent.

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It's Venezuela and Cuba.

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Yeah.

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I You wanna put money on that?

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I will take any bet on that one.

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Any bet a hundred percent.

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Cuba and Venezuela,

they wanna do overthrow.

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that's Marco

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Jerremy: then put, yeah.

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Yeah.

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That's just his big,

that's his big goal, huh?

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Dave: He's been talking about it

for years, and this is the neo,

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neo-conservative world, right?

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We need to overthrow these

Latin American countries.

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And I'm like, okay, it's never ever worked

out for us, but somehow this time it will.

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Great.

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Like no one can ever explain to

me and then what, nobody's ever

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explained that because every time we

do it, it makes it much, much worse,

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Jerremy: yeah.

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Dave: job.

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Good job.

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Jerremy: Yep.

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Dave: I know you gotta have a and

a different take of any of this.

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Can you take the steel man the

other side of this, of why we

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should be blowing shit up and

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Jerremy: oh man.

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It gets a lot of rednecks

happy, that's for sure.

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Dave: Why?

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Jerremy: there's a lot of, yeah

I, some people like violence man.

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Dave: Yeah, but these

guys also served, right?

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So they know how screwed up

these institutions are and

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how wacky politicians are.

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Like they, they, the, this is where

most of our armed forces come from.

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Our, poor parts of the United States,

and I'm, this is half my family, right?

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Half my family is Tennessee and

Kentucky and they served and.

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Yeah I hear ya.

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But the only people that this

makes happy is neocons and the

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shareholders of general dynamics.

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Jerremy: Yeah.

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Which all of those

companies are going higher?

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Yeah.

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Raytheon new all time highs today.

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General Dynamics.

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New all time, high drone makers,

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Dave: yeah.

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Jerremy: drone companies just soaring up.

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800, 900%.

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Yeah, it's, those are parties

that are directly excited and

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interested and this continuing.

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And that has been a big staple to

the American economy, unfortunately.

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Dave: And no.

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No breaks.

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Yeah, no breaks.

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Jerremy: yeah, exactly.

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None.

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Dave: gas, no breaks.

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Jerremy: Yep.

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What else is on your mind?

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What else is, what else looks

interesting and unique to you?

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Dave: All right.

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Why don't you, why don't you tell

us about the money, the monies?

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How so We got record everything, right?

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It just keeps on every week.

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It's like more records.

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More records.

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And Elon Musk tell me that one,

he's now half a trillionaire.

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Is that right?

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Jerremy: Y Yeah.

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Yeah.

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He'll I've been saying for a while,

he'll be the world's first trillionaire.

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And I'll preface that's people

that are counted, there's a lot

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of people that are like, oh, the,

there's some United Emirates, Saudi

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princes, and people like that.

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Dave: Yeah.

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Jerremy: The Rothchilds,

no one knows who they are.

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They're worth trillions, i'm sure

that, I'm not saying that's not

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the case, but I'm saying on record.

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Yeah.

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Elon will be the first trillionaire.

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That's mostly made up on the

back right now of SpaceX.

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Tesla has a lot of big releases this week.

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Stocks are hitting all time highs.

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The s and p is just very close to 7,000.

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So the stock market since April,

since the whole tariff thing began,

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has just been on absolute tear.

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It's just going straight up.

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Dave: Where's the money come from?

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Like literally you have to buy a stock.

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I don't understand where

the capital has been.

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It can't be on the sidelines, right?

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So where is this money

getting printed from?

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Like, where is it coming from?

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Is it coming?

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Is it cycling out of other investments?

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Like where's the money flows from?

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This is insane levels and nothing.

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Touches the stock market.

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We can shut down the

government, no problem.

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We can have record deficits, no problem.

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We can have, layoffs.

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No problem.

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Like there, there's no matter what

the not good news is, 'cause a lot of

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people are hurting in the United States.

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It just keeps going up and up, which is.

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Not a good sign.

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Like I we all know we're waiting

for the music to stop and

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somebody did not have a seat.

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We, we know this, so where's

the money coming from?

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Jerremy.

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Where?

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Who, who's writing these checks?

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Like it's, that's a lot of money.

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And it's gotta be from the

institutional investors, right?

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Like where they get the

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Jerremy: Yeah.

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Yeah.

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Here's the crazy part too.

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They're printing it.

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That's the thing.

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It's just being made and we physically

make it and then we go and buy.

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The fact, yes, the fact right

now that the US government is

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: 00:14:52

buying individual companies.

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: 00:14:57

You heard about that, I'm sure.

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: 00:14:59

Dave: I, you clued me in the last time

we talked on that one, it was what Intel.

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: 00:15:04

Jerremy: Intel Uhhuh

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: 00:15:05

Dave: Does that mean we

get a dividend on that?

354

: 00:15:07

Or do we have a say in how they're run?

355

: 00:15:09

Or did we just cut 'em a check?

356

: 00:15:10

Like I don't know what

357

: 00:15:12

Jerremy: All three of those things.

358

: 00:15:13

Yeah.

359

: 00:15:14

Yeah.

360

: 00:15:14

We're cutting them a check.

361

: 00:15:15

We're getting dividends.

362

: 00:15:17

We, as a country a government,

we were getting a return.

363

: 00:15:21

It's funny that we, they

bought Intel again of all

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: 00:15:24

Dave: You and I have been talking Intel

for two years, and you're like, Ugh.

365

: 00:15:26

Every time I mention it, you're like, Ugh.

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: 00:15:29

Jerremy: Intel

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: 00:15:31

Dave: them again.

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: 00:15:32

Stop talking about them, Dave.

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: 00:15:33

I'm like, okay.

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: 00:15:34

But that's the one that they check into.

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: 00:15:36

Oh my God,

372

: 00:15:36

Jerremy: I was told they cut a

check into and the stock is up

373

: 00:15:39

astronomically I mean to 56%, so it's up.

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: 00:15:43

Exactly, of course, it's up a bunch.

375

: 00:15:45

And then they just recently purchased

Lithium America Corporation.

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: 00:15:51

Dave: What is that?

377

: 00:15:52

Jerremy: LAC.

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: 00:15:53

So they're building, for all the lithium

batteries and battery storage and energy

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: 00:16:00

storage that needs to happen with all the

AI power centers and data grids coming on,

380

: 00:16:05

Alex: Dave highlights AI's job-killing

drag on new hires, while Jerremy

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: 00:16:09

sees bubble euphoria far from peak.

382

: 00:16:12

If valuations detach from reality,

the wealth effect could shatter—but

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: 00:16:16

next, tariffs slam farmers,

threatening food price chaos.