SPEAKER_00: do you want to see something look at my eyes look at my eyes look at his eyes it's fucking contagion over here broski what happened you have conjunctivitis

SPEAKER_01: yeah double eye i got it from my daughter he got something in his eye and then i got this like fucking allergic reaction to it it is a i'm just messed up dude for two days now i haven't been

Chamath Palihapitiya: able to see okay well let me tell you about this weekend which was the most motherfucking exhausting weekend of my life i mean where do i even start okay here's here's where i start so

SPEAKER_07: i fly home from italy from italy get back in the arena 35 000 feet i i decide to troll the mids

Chamath Palihapitiya: oh no we'll talk about that later but anyways sipping a beautifully chilled white burgundy

SPEAKER_10: by trolling the mids you mean that you were occupying their airspace you were flying at the level of commercial jets you did a flyby it's a 45 000 feet instead of 45 000 feet i went to down where

SPEAKER_07: the public airlines fly and i was like blah blah blah blah blah made made made and i came back i land in la and uh i go straight house i land at like you know i get there like 1 30 or 2 30 or

Chamath Palihapitiya: something three o'clock something around there in the morning i take a no in the afternoon take an ice bath and boom we start playing at four o'clock okay we start playing for this time it's not a big deal

SPEAKER_07: it's like one day of poker we play poker we finish at like three or four in the morning we're exhausted kevin shows up in a wheelchair because he had pulled his fucking abdomen kevin hart kevin hart in a race with stephen ridley hit a 40 yard dash with stephen ridley pulled pulled all his muscles like

SPEAKER_29: i think you made a 40 inch dash if it was kevin hart that's a 40 inch dash anyways kev kev pulls all these balls the door in the car opens and wheelchair comes and he wheels himself to the table and i so

SPEAKER_07: that was the beginning i was like this is like a this is an odd way to start poker we played till four in the morning go to bed wake up do our thing start the game again thursday at four okay we play again

SPEAKER_34: until three or four in the morning wake up we go to burbank at 10 and we fly to porto vallarta for

Chamath Palihapitiya: bachelor party it's unbelievable okay 10 bedrooms huge compound on the beach the whole nine yards

SPEAKER_07: we start gambling on the plane i just want you guys to know that we slept nine hours in four days and we just kept playing and playing and playing at one point said and this is exactly how the

SPEAKER_36: interaction said hey guys maybe we should go to the saint regis for dit and then as soon as he was

SPEAKER_07: about to say dinner i was like shut up keep playing the point is that we played from the plane in the car we played on an app then we played in the house the food was served buffet style it all decorum just went away we didn't do anything we didn't leave that house we didn't walk on the beach we didn't nothing you didn't put your feet in the ocean i played until i landed in moffitt on monday afternoon can you believe it so it's like almost like you know six days straight of poker i will say this it's an incredible house the food was incredible i really wish i could have seen more

SPEAKER_41: than my bedroom and the poker table i wish i could tell you that the pacific ocean was nice but i have no idea you peed in a bucket you didn't even see the bathrooms in this house no i had the doors open

SPEAKER_45: so that i could run to my room and pee and come back i mean it yeah you don't want to waste time

SPEAKER_07: it was the most degen weekend i've ever been a part of and and then all of us by the way we're so exhausted we slept for 10 hours a day for the like the last three days oh and by the way so smart you know you think it's a bachelor party it's like there'll be girls nothing not even the housekeepers

SPEAKER_54: were women everybody was mad no distraction literally no distraction it's just all dudes dudes cleaning the house dudes cooking dudes dudes doing this dudes are one attempt to go off site to

SPEAKER_60: go to a dinner it was like no sit down the best he's the best that should pay for some tequila research

SPEAKER_62: he's the best my lord i just want to i don't want to make this into tequila part two but my email is

SPEAKER_64: filled with 8 000 word tequila missives and overviews from friedberg and every tequila producer in the world and my twitter my axe is filled with posts about chamath's man in the arena comments they have set off an absolute fury as uh chamath was alluding to so the man in the arena tweet i don't know the time stamp here it looks like 10 22 a.m i don't know uh what that is italian time but chamath decided to say i'm in the arena trying stuff some will work some won't but always learning you're anonymous and afraid of your own shadow enjoy the sidelines and this of course was to somebody who is criticizing a spack or something and i think this person had eight followers and let's just go through the memes here here somebody with the ai revolution has made a chamath version of gladiator russell crowe and chamath's dna being mixed freeberg i didn't know this was possible in dna today but i guess there is a new actor storming hollywood and it's chamath crowe it's russell polly hapatia beautiful i mean what a great job that is it literally looks like you so great job to uh whatever

SPEAKER_70: mids did that in whatever mid software do you want to actually talk about the man in the arena comment

SPEAKER_07: and what the context of it is can we talk about that actually yeah okay i think people got upset because what i said was the truth and this is no different than when i've said stuff before that's

SPEAKER_73: become a huge meme and a huge moment cultural moment telling the truth especially when it's so

SPEAKER_07: clear and so obvious sometimes can really touch a nerve and what i said is basically the following which is that there are all these people the four of us are examples who are constantly doing things and then we come into x and we don't confuse x with the arena you know we don't do stuff in the in x we talk on x but then you go back and you actually do things you start companies you invest in businesses you incubate ideas you help founders get their businesses off the ground those are meaningful things and success is never guaranteed but there is a small strain of people who just violently either hate themselves or hate the fact that you're doing things and then that you talk about them and i think what this touched was just that in a simple nutshell it forced people to confront the fact that hey hold on a second am i this anonymous rube on the sideline that just throws shade or am actually doing stuff here i just wanted to take an actual direct line of attack on people who are constantly blaming others for everything and if you aren't trying and iterating you're a loser go out and try something and whether it works or not x is a great place to then go and talk about it that's the

David Sacks: cycle sax your thoughts on the man in the arena well look i think speaking of crazy politically motivated witch hunts did you see this latest story today that now there's a new government

SPEAKER_81: investigation of elon they're investigating him for supposedly tesla was going to build him a glass house which he has basically said it's ridiculous it's not true so the administration you know i guess to turn a phrase people who live in glass houses shouldn't be investigating glass houses you have the biden administration now the latest revelations is that biden was using a pseudonym in 5 000 emails and he was emailing hunter biden under the name robert peters why would you do that about burisma

SPEAKER_84: so this is how they were communicating first biden said he said that's some serious cia level uh yeah well first biden said remember at yahoo.com first biden said i don't know anything about my

SPEAKER_81: son's business then it turns out based on the sworn testimony of devon archer who was hunter

SPEAKER_89: biden's partner that biden participated in over 20 phone calls where he would call in when they were in the room with clients to quote be the brand and now we find out that biden was communicating with hunter about rhizma using a pseudonym account basically a burner account under the name robert

SPEAKER_81: peters allegedly allegedly allegedly okay but this is what the comer investigations turned up it's certainly not looking good and as you said so my point is people living glass houses shouldn't be

SPEAKER_94: investigating glass house here's the thing like if you're going to evaluate and listen obviously i'm

SPEAKER_64: biased um but if you're going to investigate tesla over this like people can buy and trade the stock however they want like there seems to be some biden administration you know like jihad against elon they're going after him for this and totally well no remember a week or two ago they wouldn't invite

SPEAKER_81: him to the ev summit i mean it's all i think that's where the whole thing started is that they wouldn't invite him to the ev summit because they're not a union shop and then elon spoke out about that remember biden introduced the ceo of gm giving her credit for launching the whole ev revolution so elon criticized administration for that but i think the main reason why they don't like him is because what he's done with free speech on twitter twitter twitter yeah this glass house investigation is the second one the one that happened last week is they're investigating spacex for supposedly screening out foreign nationals in the hiring process they they are saying wait a second the doj is alleging that spacex was hiring too many americans and they needed to hire more refugees

SPEAKER_103: my head's spinning even though even though there's a law it's not refugees no no no refugees

SPEAKER_105: a refugee is somebody fleeing a country nick because of political persecution what what where

SPEAKER_64: did the term refugees come from no it is a term a refugee is somebody fleeing a country because of

David Friedberg: political person persecution why would they use that term the doj sued spacex basically for dei

SPEAKER_07: foot faults they said that there was not enough refugees and asylum seekers that were being adequately considered and being hired by spacex the problem with that as it turns out is that the doj is not even allowed to hire asylum seekers i mean and refugees no no spacex is governed under the same laws

SPEAKER_81: because it's a rocket company as advanced weapons contractors of course and they and the whole industry has been under the belief for many years that they could only hire american citizens and green card holders for these very sensitive jobs of course what happened is earlier in the year the biden administration released what they called a clarification here i'll post this nick can you pull this up so the us to us uh doj civil rights division released this again what they call the clarification how to avoid immigration related discrimination when complying with u.s export control laws the export control laws is what governs rocket companies and weapons contractors it's basically the companies that are involved in these sensitive national security areas until now the government was pretty clear that you were only supposed to hire u.s citizens and green card holders what they call the motivation explain to me the motivation because they have this crazy idea that that these companies these national security companies should be hiring more refugees and asylum seekers even though this is the definition of a national security risk but the really crazy thing so first of all i think this this update that they issued this is law making okay they called it a clarification but this is a biden administration making new law through yeah that's not the process i think this is a crazy law uh it's really the opposite of what we should want which is more americans getting jobs but sacks can i answer your question but what they've done with this lawsuit is they're going back and remember the key here is that that was only issued in april of this year

SPEAKER_84: they've gone back and said that from 2008 to 2022 spacex is governed by this new understanding so

SPEAKER_119: they're basically making it retroactive okay putting aside this uh legalese here for a second i just want

SPEAKER_64: to talk first principles if you were a foreign government and you wanted to infiltrate some company like spacex or andro or whatever would it not be easier to send a quote unquote refugee to america

SPEAKER_120: especially to get in versus flipping an american who already works there it should be a much easier

SPEAKER_81: process especially because no sense right because especially since all you have to do is go to the hole in the wall in yuma arizona as rfk junior showed and you just mentioned the word asylum like the cartel has taught you to and all of a sudden you're a refugee you're in they give you a piece of paper that tells you're going to be in court in three years but you're in thousands of people tens of thousands of millions of people have done this also another pragmatic question freeberg how many

SPEAKER_64: people who are coming in as asylum seekers have the advanced degrees or background to work at andro spacex i don't know pick a pick an aerospace weapons-based company like what percentage of refugees do you think coming across the southern border or whatever border they're coming in would actually have those qualifications so anyway this seems insane well and so jake out you raise an interesting

SPEAKER_81: point because i think one of the really unusual things about this doj lawsuit against spacex is that the remedies they're seeking are unprecedented what they've said is anybody who was screened out as part of this process was entitled to back pay lost wages since they were screened out so in other words it assumes that every single one of those people would have been

SPEAKER_131: hired when in fact they probably hire one out of a thousand or one out of a hundred applicants gets

SPEAKER_81: hired right and if they could have gotten a job at spacex as we all know their bar for hiring is incredibly high they probably didn't have damages because they could probably get jobs at 10 other

SPEAKER_136: companies as well oh my god the body administration is just like self-inflicted wounds here this is so dumb

SPEAKER_139: what a stupid approach is the glass house thing a misallocation of funds claim like it's a securities

SPEAKER_140: issue is that it's a securities issue that it was improperly disclosed and that they may not have filed the proper taxes because it would have been a paid benefit to elon right right but i mean don't

SPEAKER_144: you feel like this is a stretch i mean they are stretching every law they can to go after this guy

SPEAKER_73: it's getting to be a little bit i hate to bring it let's be clear here's what's happening i think that when elon bought twitter what effectively happened is the biggest psyops organization for the democratic party was taken away from them and i think that they are increasingly feeling like if it really does if twitter or x becomes a town square that's really bad for them and so they can't shape people they can't amplify the victimization they can't amplify the government's going to save you narratives and so this is the sort of death by a thousand cuts approach that the blob has of trying to bring him down and so you see a doj lawsuit over here it's you know nominal but whatever then you're going to see you know the sec investigation over 50 000 of glass i mean the guy is worth a quarter of a trillion

SPEAKER_07: dollars and we're sweating the 50 000 glass purchase but the point is the goal is to tie him up and to distract him and to basically take resources away his mind share from working now we all know him so he's going to do the exact that's not gonna work not gonna work alex spiro is going to have a

SPEAKER_73: job for the rest of his life that's his lawyer from quinn emmanuel and alex is going to beat these

SPEAKER_153: things back and generally alex will win most lawsuits i say most but anyways the point is that

SPEAKER_81: the void is that uh i think you're exactly right about what's motivating this and what's going on but i'll tell you when it all began is that biden has a press conference where he said that elon

SPEAKER_89: needed to be looked at do you remember this yeah yeah and specifically biden said well i don't know that elon's done anything wrong but i think we need to look at his relationships with other countries so this was the signal to all of the ambitious apparatchiks in our law enforcement agencies who are looking for advancement that he's the target go after him find something now in fact they couldn't find anything so they look at his relation with other countries and what you would expect is that maybe he hired some foreign nationals he shouldn't have but it was the exact opposite they didn't hire foreign nationals so then they make that the crime we'll get you on that it

SPEAKER_160: reminds me of the whole alvin bragg thing where alvin bragg made that case that trump was required

SPEAKER_89: by campaign finance laws to pay stormy daniels using donor money but you know you know that if they had found that trump paid stormy daniels with donations they would have charged him with that it's like

SPEAKER_84: investigating the guy finding he did nothing wrong and then charging him with the opposite of what you

SPEAKER_136: know equivalency between these and trump's behavior but it's the weaponization of the justice system

SPEAKER_165: it's show me the man and i'll show you the crime now incorrect with the last two i mean he he committed a lot of crimes but we'll leave that off the docket for now we're going to agree to disagree on

SPEAKER_62: that one okay just very interesting media related story and finally you're giving robert peters too

SPEAKER_119: much credit i mean joe biden i'm listen biden's got to go trump's got to go we need a new platform

SPEAKER_64: i have announced that i am supporting nikki halley and chris christie slash rivek rivek that that would

SPEAKER_119: be my ideal ticket right now i want the only person freeberg who brought up spending in either party

SPEAKER_64: nikki halley all right let's just agree move on let's not get distracted but i just want to also say we were wondering who won the um debate last week biggest increase nikki halley so

SPEAKER_174: apparently what's it look like i think she went from two to nine seven to nine in different uh in different uh polls so it's somewhere between she tripled it was not a huge bounce i think you went

SPEAKER_144: i think you're right she went from nine two to seven there was one two to seven one two to nine but

David Sacks: anyway putting it aside the trump people are actually promoting it because they want trump to be up against a bunch they want to be up against a bunch of mids yeah yeah yeah three people at

SPEAKER_183: 10 to 15 is better than one at 30. that's probably correct can i just ask because i haven't followed

SPEAKER_140: it this week what was the set like after it settled after the bounces and the spikes saxipu what where where are we at now in the republican race after this past week and having people having a chance to really figure out what happened in the debate yeah exactly yeah i think the consensus view just about is that

SPEAKER_81: the biggest beneficiary of the debate was vivek ramaswamy by far yes nikki haley did get a little bit of a bounce but vivek got a much bigger one he's much better known to the base now and i think that it's vivek and desantis are now more or less neck and neck for number two haley might be number three at this point but i think it helped the vague the most now it's also true that he got a lot of criticism but i think that's kind of where he wants to be i mean you want to be the center of attention and the people who are attacking him now are all these neocons it's basically the whole military industrial complex it's all the bought and paid for politicians and think tanks who you know want america to be in these forever wars so i think he's being attacked by the right people and that's going

SPEAKER_140: to help him yeah so sax you you see him like basically it's going to be trump versus vivek if

SPEAKER_127: this continues well it's hard to say i mean i think the stance is still in the mix i think it's

SPEAKER_81: noteworthy that the top three candidates all have expressed significant either misgivings or opposition to our involvement in ukraine uh trump vivek and desantis with varying degrees of strength have basically all opposed by his policy and they are the leading candidates in the republican primary i think that's telling you something very important haley christie pens tim scott they all would like to do even more in ukraine and that is not where the party is so it's not where the country is nobody's there one other piece of uh debate fallout that i thought was really interesting was that they interviewed oliver anthony you remember the the guy who sings that song the rich man north of richmond because fox news made the first question about his song and he clarified what the song was about what he said is the rich man he's talking about north of richmond are the people in dc it's the blob it was the people on the debate stage yeah well but what he said specifically was it was the it was the people who got us into all these endless wars when i was growing up it was the republicans who did specifically he was talking about bush cheney republicans neocons he made that explicit and clear i'm singing more about like a lot of the older super conservative politicians that brought us into

SPEAKER_110: endless war through my entire childhood those are bush era neocons he said the people on that stage is

SPEAKER_61: who i'm talking about don't use my song this song is not a left or a right song it's about the people

SPEAKER_193: it was a song about his contemporaries is what he said not and he's talking about both parties and he said specifically it's the people on that stage i'm talking about don't use my song again okay let's go

SPEAKER_64: on to the next story there was a leaked document and we had this come up last week the leaked document i was sent to chamath and it was about tiger global's struggles it had a line at the top that said this was a spiked or a draft of a new yorker story i think the draft is the way they said it and we had a little conversation about here we decided not to publish it we had a little discussion

SPEAKER_194: because we did not think in our private discussion that this was a real story high star grammatical errors in it sack said we really can't publish something like this because it's slanderous and we don't

SPEAKER_64: know the provenance of it and on friday tiger sent a letter to its lps in response to the document they wrote that they are being targeted quote targeted with a series of misinformation attacks anonymously using encrypted messaging platforms like signal we strongly believe these were written by a disfrontal form employee with whom we parted ways unlike the anonymous coward spreading this

SPEAKER_194: false narrative on the internet you know who we are and we are here and ready to answer your questions rest assured our team remains highly focused on our core business which has been performing this

SPEAKER_62: year so chamath just your broad thoughts on the tiger global non-story a fake faux story by a former

SPEAKER_140: employer jace is a incredible person i've said this before he helped me get into the business of

SPEAKER_73: investing he seeded my first angel fund i was pretty helpful i think in getting them on the cap table at

SPEAKER_34: facebook many many years ago which helped them get going as well so i think that he's a wonderful human being and i've had nothing but positive things to say about him scotch lifer i don't know as well but he seems like clearly a hard charging person that's achieved quite a lot

SPEAKER_73: and so i'm glad that we didn't publish it or talk about it and if there is something to be said the story will be validated and people will get to the bottom of it what is crazy is i don't understand what this document actually serves except exactly as you said to a disgruntled person who has absolutely no economics meaning if you're an lp you don't want this no document to be out if you're a partner that has carry you don't want this out into the odd in the wild either if you're a portfolio company you don't want this document out in the wild so i tend to believe that this is just a disgruntled person again look i've had this experience as well so which is that there are all kinds of employees who work with you we try our best as leaders of organizations to compensate them well but invariably what i find are people overestimate their contributions and people try to take way more credit they try to take credit for deals that they've done that they didn't actually do they try to take credit for all the internal workings and then invariably when the leadership decides that those folks aren't a good fit anymore mostly for cultural reasons and are exited they have a bone to pick and an axe to grind and they try to sort of distribute misinformation to other lps to other

SPEAKER_07: gps to portfolio company ceos it's happened to me it's happened to chase it's happened to sequoia it's it's happened to any of us that have been successful so grind people yeah it's just like

SPEAKER_73: again it's just another example of like there are the people that are in the arena doing and then there are the people that kind of get kicked out and get really upset and lose track of what's important these people instead of writing these missives should be working yeah i mean back to

SPEAKER_209: how how disgruntled sacks does a former employee need to be to put in this kind of effort to write

SPEAKER_62: a 10-page faux new yorker style expose and um you were the voice of reason i think in our group chat

SPEAKER_133: and just saying like i don't even think we should talk about it in a meta kind of way we weren't going to cover the details of it but even a meta discussion of it you put the kibosh on which we would have been first like kind of highlighting this craziness but you took a pretty hard stance um your thoughts

SPEAKER_81: on it well it was written like it was some sort of journalistic article but a journalistic article has a byline you know who wrote it you know who publishes it it has provenance you know therefore who is liable if it's slanderous yeah this piece that was going around had none of those things and therefore my view was that we shouldn't discuss it and my view is we shouldn't even mention it because all you're then doing is drawing attention to something that again you don't know the providence of and you don't know whether it's true or not and you don't know who's standing by it now what's happened in the last week is that tiger has issued a statement about it and that statement was covered by the press so i guess we can talk about the fact that they've had to respond to this i'm still not comfortable talking about any of the contents of it because again we don't have nobody's put their name by it so why even put them in the position of needing to respond to it yeah until somebody is willing to basically raise their hands say this is what i think the piece that was circulated was a mix of both business criticism or business issues and slander personal slander yeah so i mean are there business issues in there that we could discuss uh yeah i mean then they would be interesting but until we know that there's some authenticity to it i don't feel comfortable giving any attention whatsoever to this thing personally i think even talking about it now

SPEAKER_220: it's still kind of a waste of time uh freeberg any thoughts on it just as we wrap here no it's

SPEAKER_139: clearly a disgruntled person trying to cast a negative light just get a job bro all right

SPEAKER_193: de-dollarization corner bricks added six new members climbing to 11 total and uh bricks of course

SPEAKER_64: everybody knows brazil russia india china and south africa these four countries make up 40 of the world's population 25 of global gdp joining the bricks block are saudi arabia iran ethiopia egypt argentina

SPEAKER_174: and the uae new bricks and it's kind of being set up as like an alternative to g7 g8 i guess new bricks makes up almost 50 of the global population with a third of gdp this is the first expansion in

SPEAKER_123: 13 years since south africa joined sax you've got some thoughts on the bricks and a little

SPEAKER_81: presentation here uh inform the audience all right so jake out like you said they added six new members argentina egypt ethiopia iran saudi arabia and uae this on top of the original five members now you've described this group of countries as mid i don't know what metric you're using to make that determination if you look at share of global gdp in purchasing power parity terms and we can debate whether that's the right method or not but a lot of economists believe that ppp is the right way to look at it the original bricks were 32 of global gdp the new bricks bring it to 37 and there's a couple dozen more countries that have expressed an interest in joining bricks which would bring it to 45 the g7 is only 30 and that number has been declining over time back in 1995 it was all the way at 45 whereas the bricks were only about 17 you can see that decline or shift here in this chart going all the way back to the 1980s this is why i think a lot of americans have this casually dismissive attitude towards the bricks is they're thinking that these countries are still living in the era of the 1990s of uni polarity when the g7 was you know more than half of global gdp but now the bricks are bigger than the g7 again in terms of ppp the rest have risen and has become a very substantial part of the world economy if you look at global oil production the new bricks now have 54 of global oil production it's almost double what the g7 produces despite the u.s still being the number one producer of oil we're not

SPEAKER_227: the biggest exporter because we use it all just to add to that point oil is of course a declining

SPEAKER_94: commodity with renewables and nuclear and people are going to rely on it less so sure i don't think

SPEAKER_213: renewables are anywhere close to being able to replace fossil fuels if it's actually it's actually

SPEAKER_119: no hold on let me just answer to that it's cheaper now and chamath can speak to this to install

SPEAKER_194: solar wind than it is to do a lot of the um carbon-based uh fuels so it actually has tipped economically uh where it's i think cheaper in 80 percent of cases 85 percent of cases to install renewables is that correct chamath broadly speaking the cost of solar is effectively

SPEAKER_233: now the the cheapest form of energy yeah on a kilowatt per hour basis great okay continue

SPEAKER_236: well this isn't preventing germany from sliding into a mass recession because they're not able to get cheap

SPEAKER_73: energy anymore yeah they turned that also that also supposes that you have the actual supply and to david's point why germany has such a difficult issues because they turned off that gas they turned off the reactors and they there's just not enough solar installed right now so you know you have to think about a party country what i just meant was more the levelized cost of energy which is if you had an installation here and an installation there of two different modes of energy generation solar is cheaper but david is right like you know it's still going to take some time for the proliferation of

SPEAKER_81: solar agrees with that yeah we all agree the us is already roughly energy independent we produce about 20 million barrels of oil a day and we consume about 20 million so we are roughly neutral

SPEAKER_213: with respect to the world we're neither a net importer or net exporter as of now so i oil is still going to be a huge it's the number one global commodity if bricks adds venezuela algeria and kazakhstan as they may do as soon as next year they'll control 90 of all oil and gas traded globally you're going to have an opec plus brick sort of symbiosis because russia and saudi arabia basically run opec plus new bricks is also really strong in food production five of the world's

SPEAKER_81: six biggest food producers are now part of bricks china brazil india argentina russia the only other one is the u.s they have 46 of global population 36 of global land mass so my point is bricks isn't just strong in global gdp they're strong in the production of what are currently the two most important commodities in the world which is oil and food they also have influence over strategic trade routes so if you look at where these countries are located and i'm sure this went into the thinking of who they just admitted to bricks because they had a lot of choices that's something like 26 countries applied and these are the first six they've added so they now control the arctic sea route which is basically as the polar ice cap starts to melt in the arctic you're seeing a new ability to create maritime routes north of russia basically from europe to asia it's a much faster route than going around the horn of africa or through the suez canal you have this international north south transportation corridor which is basically a combination of overland routes and some maritime that connect russia iran and india you've got belt and road these east west corridors you've got the persian gulf the red sea and the suez canal they're all now part of bricks and the point of that i think strategically is to bypass choke points like the strait of singapore the strait of malacca the bosphorus and the strait of hormuz so the point here is that the u.s navy has very strategically over decades been encircling china with military bases on you know island chains around china this is going to basically neutralize that whole strategy because china will have ways of of securing its trade routes over land or again over sea going through the arctic so this has huge geostrategic implications the other big thing that i think bricks is doing is they have this five to ten year goal of allowing bricks members to settle trades in local currencies i think that you guys may be seeing it the wrong way the goal here is not to create a new reserve currency it's simply to create a way to bypass the dollar complex they're trying to break the petrodollar monopoly this is not an offensive organization and they're not necessarily trying to create a single alternative to the us dollar they are trying to create a way to not have to go through the dollar complex in order to do their trade when they're trading with each other and you know what china and brazil are doing is a test case for this where they are setting up a yuan clearing arrangement with brazil and the goal to be clear sax here is to

SPEAKER_61: have a voice versus the g7 uh which they feel they've a lot of these countries feel they've been

SPEAKER_174: left out of and to maybe not have as much dependency on the west and um form this block that has a

SPEAKER_195: bigger voice in the world right yeah i would go a little further i go a little further and say

SPEAKER_81: this isn't just about them having a voice it's about them having economic sovereignty they do not want to be completely dependent on the united states to secure their economies and the big driver of this has been the weaponization of the us dollar and swift yeah what we did to russia with swift yes so in conjunction with this ukraine war the us sees russia's foreign reserves which were in dollars they've widely imposed sanctions we're now sanctioning dozens and dozens of countries and we are tactically limiting who can use swift as part of this so if you are any of the bricks countries you're asking yourself wait a second when i am doing business with another member of bricks why should the us be any part of that transaction yeah they do not want that transaction to be mediated by the

SPEAKER_256: us at all in a way it's like people buying crypto so that they don't have to deal with the us government

SPEAKER_174: they have you know they have bitcoin over here and they're not subject to the rules of the us dollar right it's like a way of right i mean having some independence yeah we totally get it they're willing

SPEAKER_81: to play by the us's rules when they're trading with the us but they do not want to play by the us's rules when they're not trading with the us or the g7 and this is about creating that independence

SPEAKER_64: i think it's great that they have jimath that there is a competitor to the us dollar because it

SPEAKER_70: makes us be more thoughtful about our spending ultimately and our balance sheet what are your thoughts

SPEAKER_73: on all this i have a couple so if you go back to when the bricks was created this is like 20 plus years ago it was first just brick and with a small that was 2001 yeah and um and then it became bricks with a big s when they admitted south africa i think the the fact pattern in that organization is pretty poor you know when they first got organized they tried to create a competitor to the imf i think it's called the idb the international development bank that bank has not dispersed a single dollar in 23 years they tried to create a joint program to lay undersea fiber amongst these countries hasn't even started so i think it's good that this organization is growing i think the problem is that the actual amount of legislative coordination that these countries has been able to exhibit has been literally zero and the problem now is that their regional rivalries are only growing so china and india which are the two anchor partners of bricks are literally in a land war there is a border that they fight over with with guns you have a growing anti-chinese resentment inside of both india and brazil nick you can just throw up this little chart in india they've blocked a lot of apps they're about to block a bunch of imports but india sees china's as as an existential threat the brazilian population this is just a poll that that the economist put in there's just a lot of anti-chinese sentiment so it's very hard to see folks that are such polar enemies actually working together even if they're part of an organization so i think that the the odds of legislative coordination in the future are probably less than what they were even 10 years ago so i expect even less and it's

SPEAKER_34: hard to expect even less when nothing has been done and then the second is i just look at the data

SPEAKER_73: and if you look at swift in july you know the swift volumes on us dollars was the largest ever and so it's kind of one of these weird things where i think that it's good that that organization exists don't get me wrong because i do think that if they could oh the other thing that i'll say about the bricks which is kind of odd is that unlike the g7 and unlike nato where you have democratic ideals that underpin the organizational framework here it doesn't because you have china russia iran which are total polar opposites to brazil and india in terms of democratic governance and i don't know enough about ethiopia or egypt um to say anything so if they can get challenged states at a minimum well no no i'm just saying they're not democratic the way like nato and the g7 are all

SPEAKER_70: democratically elected countries it's a very good point they don't share the same operating system the authoritarians and democratic nations put together so then the last thing is could you see

SPEAKER_73: a currency framework to compete against the us dollar and i think the practical complexity is if you take all of these other issues land wars and import controls and growing chinese resentment and now try to boil that into an exchange rate mechanism where the renminbi and the rupee and the ray i can be interchangeable i think it's very difficult to see because if you look at the last time that that happened the frank the lira the pound sterling the deutschmark that was possible because all of those other factors were not on the table they were not fighting with each other there wasn't this anti-resentment in one country to another country they roughly held the same democratic ideals so i think my comment is i think it's good that bricks is growing i think that if they can get some legislative or policy coordination wins it'll be great the track record is literally

SPEAKER_07: zero and the setup doesn't to me mean much yet but hopefully that something happens who knows

SPEAKER_139: freebreaker that's i think the arguments about the pragmatism of non-dollar denominated trade and the progress that's been realized or can be projected to be realized from current policy can be debated what i think is most important is the signal that's being given which is that there is a desire by a larger percentage of global gdp than is represented by the g7 to de-dollarize and so while these intentions may be difficult to translate into policy in the near term that signal says a lot about the influence and perhaps the policy of the u.s in addressing and dealing with a lot of these countries and global economic actors but i don't think they want to de-dollarize that's not part of

SPEAKER_70: their they want to increase trade is the stated mission and they want to collaborate on trade that

SPEAKER_07: that is the stated mission do you think the stated mission is de-dollarization or do you think the

SPEAKER_139: implicit outcome is de-dollarization no the local currency support initiatives are implicit de-dollarization i don't hear anyone saying we got to destroy the dollar because they're all very important trade partners most of those countries are very important trade partners with the us and very dependent on on trade with the us it seems less that it's about hey we've got to hurt the us and it's more about we have to be independent from the us we have to be independent implicit in that is independent from the us so and i think that that tone that signal says a lot about u.s economic policy and u.s foreign policy that there's something off with the unipolarity as sax has pointed out that it's not de facto anymore that there is intention here for there to be something different yeah that's very healthy that's very very healthy and i think that that opens up avenues and paths that we're not thinking about today i i get all of a sudden we'll wake up and we'll be like whoops and we need to be

SPEAKER_06: thoughtful about that i think that's the most powerful part of sax's commentary is that it's a very

SPEAKER_73: firm establishment even of of the la of the non-unipolarity of the world but the the thing that the bricks have to do is i i would just encourage them book a quick win there has to be some policy coordination that they could do to prove that there's something there that's more than just a get together once a year and that's been missing for 22 years so far and that would have a really important i think effect yeah i agree with you david i think that's the litmus test that hasn't happened yet let

SPEAKER_213: me partially agree with that and then partially respond to what you're saying before chamath so it's true that bricks does not have an impressive record of accomplishment to date that's simply true however recent events i think have provided the motivation for this group of countries to now

SPEAKER_81: try and get something done in the past it was just so phenomenally convenient to be based on the u.s dollar complex because everything's priced in dollars easy to transact in dollars and when you run a trade surplus the u.s has an open capital account and you can just park the money in u.s treasuries so there was never a reason for any of these countries to want to leave the u.s dollar complex until more recently when again u.s foreign policy has militarized and weaponized the dollar and to try and make it a coercive instrument to get these countries to do what the u.s wants and all those countries now are bristling at that and they want to maintain their sovereignty and so now they have tremendous motivation to get this done now the thing they've already agreed to and done as part of bricks is that when you join bricks you agree not to sanction any other member of bricks that is a meaningful commitment and obviously it has a lot to do with this ukraine war and the fact the u.s has been demanding it for the whole world sanction russia and most of the world has not been sanctioning russia and that's why the sanctions have not been effective as the u.s has not been able to get that done the u.s will not be able to get it done in the future with respect to at least the countries who are members of bricks with regard to their trade with each other and as we saw in the percentage of world gdp bricks very rapidly once they add a few more members they're going to be at about 50 percent of world gdp so the u.s is only going to build an influence call it roughly that half a global gdp where the u.s or the g7 is a major trading partner now what bricks will be lacking is the way on a technical level to bring about the sovereignty they want so they need to have a way to settle and clear transactions and they need to have a place to park the surplus that's created for net exporters and they haven't quite figured that out yet so for example there's a recent news item where russia which is selling a huge amount of oil to india right now it was saying that they don't want to accumulate more rupees so they've got to figure out what do we do with all these extra rupees so there's a lot of pieces to figure out here and that is why they're saying

SPEAKER_188: this is a goal they have over the next five to ten years it's not one to two year time frame it's

SPEAKER_64: five to ten years but let them make they should make their own euro if they feel so strongly that they're a great voting block make a euro and then they could all put into it and you can see what happens when a bunch of dictators and a long tail of failed states now share a common car a common currency it's not going to work these countries are all at each other yeah failed states who share

SPEAKER_289: gdp has been going these ones are all very troubled states by the way yeah i'm sure gdp has been going up like a rocket jacal that's the whole point inflation now furthermore their goal we have to

SPEAKER_81: be democracy human rights yeah their goal is not to create a common currency like the euro and india and brazil are not going to replace yuan and rupees with some sort of new euro-like currency moreover they're not trying to create a reserve currency that's going to be a currency for the man on the

SPEAKER_110: street this is about settlement of global trade flows and getting out from under the us dollar complex

SPEAKER_64: my point just to be clear freeberg is if if you were to think of it as a thought experiment these to chamat's point these are culturally and strategically very different countries and i think what they have in common is that they haven't been included in the g7 and and really america's reaction to this should be to get india out of this and get them into the g7 and make that strategic decision that india is the most important country for us to have strong relationships with it's kind of hard to put saudi arabia and to put uae in this because they don't share the democratic principles of the rest of the g7 but we should be trying to any democracy that's in the bricks we should be trying to include in the g7 that that's the strategic chess board that would make the most sense and then you would just leave bricks as all authoritarian dictators and they do not work well together they always wind up well you're feeling that brazil is still nominally a democracy no that's what i'm saying like getting brazil i just said getting anybody who's a democracy and moving them towards democracy and getting them into the g7 should be our stated goal that's

SPEAKER_81: what the west should do lula who's brazil's president is one of the most ardent advocates for de-dollarization here's his quote every night i ask myself why all countries have to base their trade on the dollar yeah they don't they can so maybe a regime change him jacal maybe the cia will

SPEAKER_194: get rid of him that's that's stupid that's a stupid statement nobody's saying that i just said the

SPEAKER_127: exact opposite there are people saying that but oh not me just to be clear you're putting words in

SPEAKER_131: my mouth out of the exact opposite of what i just said i just said include my point is my point is this

SPEAKER_124: is not a simplistic dichotomy between dictators and democracies another way to think about consists

SPEAKER_193: by the way south africa is it's the majority on just on a population basis if you took india out and you got them into the g7 it would be majority over one majority percentage of citizens in the

SPEAKER_127: bricks living under authoritarian rule but india let me respond to that and then also chamath and

SPEAKER_194: india is the largest country in the world now i mean this is the that's the strategic important

SPEAKER_81: piece here in my mind i think india and the us will pull tighter together in terms of security because of a mutual desire to balance the power of china so i think chamath is right about that however india also has a very strong anti-colonial impetus to their politics and especially their foreign policy they do not like being told what to do by the west and the united states and in particular they do not believe in many of their politicians have said this we don't see why we should have to sacrifice for you we're going to do what's in the best interest of our own people and that is why india has rejected enormous pressure from the us not to trade with russia india and russia as bad as the relationship is between india and china is the relationship between india and russia is very strong it historically always has been and russia right now is supplying half of india's oil and india has adamantly refused to play along with the us's sanctions rightfully so and rightfully

SPEAKER_89: so right yeah they should make their own best decisions yeah right so i think a lot of people are thinking that india's not here to be a boot licker to the united states exactly exactly

SPEAKER_81: so look i think india will pursue its interests i think when it comes to security they will align with the us to balance the power of china but i think when it comes to economic policy india will pursue its own interest which i think has to do with maintaining their economic sovereignty 100

SPEAKER_165: they need cheap oil they need cheap oil yeah they're a developing country right they need they need

SPEAKER_139: oil and that's the lowest priced oil another way to think about the framing is that the priorities for many of these countries for the last two decades have shifted going from a state of economic insecurity civil insecurity government insecurity and as you obviously establish systems and certainty in certain elements the dollar complex as sacks frames it was very useful in helping them with that transition but as they start to move from emerging market to developing market to developed market the priorities start to shift and then the priorities become much more about sovereignty independence institutional destiny etc that kind of start to make this more realistic that maybe they don't have their their ducks in a row at this point but there's certainly a conversation or set of conversations that emerges when you're not worried about civil war or you're not worried about economic strife and you can now start to think on a global stage and that's evidenced by the ppp data that sacks shared where you know you've seen them become a much larger percentage of global gdp share over the past 10 or 20 years that's a good metric for that general opportunity to say hey i'm going to shift my priorities now and that's why maybe now is the time to start to pay attention to what's happening and think about us policy to participate in in some reconstruction that's necessary here i tell you what the most important thing

SPEAKER_61: here is all this con all these conversations seem to come back to energy chamath cheap oil russian oil

SPEAKER_194: saudis uae all participating in bricks and then if you look at nuclear we just had a bunch of i think

SPEAKER_193: it was senators signing a bill i think you might have tweeted it chamath of support of nuclear 21 nuclear

SPEAKER_174: power plants are being treated at this moment in china eight in india the united states only has one

Chamath Palihapitiya: which is kind of an extension in gujarat nuclear in gujarat india just injured india just turned on its first home built one so just literally today so big big news in india if we really want to have a

SPEAKER_194: great relationship with india an incredible path and with some of these other countries would be for

SPEAKER_64: us to really invest in these reactors and help people build them and help them get energy independence from russia's oil we should be building 50 reactors in india i don't know enough i don't know

SPEAKER_319: enough to know whether that's true or not and part of it is that like whether we should be building

SPEAKER_73: those reactors in quotes because i don't know what those means gen 2 gen 3 gen 4 reactors any small modular reactors my big comment in my thread is just more that i think that the regulatory support in the united states for nuclear is so constipated that it's impossible to get it done so you could have the greatest technology in the world i just don't see how the laws change fast enough and the zoning changes fast enough and the nimbyism goes away to make these things viable and so that's actually the the real question i don't know you know what i'm advocating for here sax is hey what if the united

SPEAKER_64: states policy was we're going to help india and some other countries they don't need our help they

SPEAKER_326: just grow their independence they don't need their help they just turned on their own homegrown nuclear

SPEAKER_194: reactor we haven't done one in 20 years but our new i guess we call them gen 2 freeberg these these new reactors would that not be a possible path if we're spitballing here to help them get more energy

SPEAKER_70: independence from russia wouldn't that be a great long play they don't need our help i don't think

SPEAKER_73: you're understanding like it's like you're thinking like we're we're like michael jordan and we're about to teach some kid how to throw free throws this is not what's happening no any help would be helpful

SPEAKER_307: i mean if people are trying to build a large number of directors you don't you don't you don't need a

SPEAKER_73: numb nuts to come and help you build a product do you you don't hire some two-bit product manager to help you when something is is scaling and working india gdp is going to be seven percent a year they're off to the races they're on a rocket ship they're doing everything right what what what can

SPEAKER_34: we do we can help them rewrite their laws to make them byzantine so nothing gets done

SPEAKER_64: so that zoning is impossible okay as a strategy if we had the ability to build nuclear reactors in other parts of the world which is exactly china's policy that's the belt i think i think you in a

SPEAKER_34: nutshell right now is summarizing why there's this dismissiveness which is like we can help them

SPEAKER_64: but what makes you think you're better china has taken the same approach i'm saying copy china's strategy which has been to go to other countries listen india might need less help other countries

SPEAKER_70: might need more but we have this capacity so what if we what capacity do we have we don't have any

SPEAKER_320: demonstrated capacity in nuclear we have plenty of companies building these new nuclear reactors freeberg none of them work none of them work what are you talking about what do you mean none of them

SPEAKER_81: work none of them work okay none of them work when you talk to politicians from a lot of these countries what you describe as americans coming in and helping they describe as exploitation

SPEAKER_338: they well that's exactly china strategy or neo-imperialism yes they call it neo-imperialism

SPEAKER_64: or neo-colonialism i'm looking at it as collaborating on energy independence broadly speaking so you're being too dismissive of my concept i'm asking you to think of what is a strategy do you want the

SPEAKER_73: zimbabweans to fly in and mutually collaborate with you to build something in america would you be open

SPEAKER_342: to that instead of trying to make jokes about me i'm proposing a strategy joke i'm just making it to a

SPEAKER_180: joke i have a very viable strategy here is which is to look at what china is doing and what

SPEAKER_64: china is doing in the belt and road strategy which we've talked about here on this program is trying to help other countries get more energy how could we do that we do listen to what larry

SPEAKER_110: summer said remember he said that when china goes abroad they give money for infrastructure bridges

SPEAKER_81: and hospitals yes when the us goes abroad we give a lecture which is exactly not if you want to accomplish what you're talking about stop this explosion of sanctions we're now sanctioning dozens of countries stop weaponizing the dollar stop militarizing the dollar stop seizing other countries reserves without any due process you're talking about russia right now they're entitled to due process of law just like any other country the country that invade their neighbor so you just get to steal their reserves oh i think it's a pretty great i thought we're a rules-based

SPEAKER_62: order oh i i think economic sanctions are much better than yeah starting a war yeah i think economic

SPEAKER_81: sanctions are great we're talking about we're talking about the seizing of another country's foreign reserves which is what the us did yeah i would say that's an extreme thing to do except in the case

SPEAKER_123: where people are invading other free countries and then it's okay so what you're doing right now yeah

SPEAKER_81: this is the way that the administration reacted what you're doing right now is making up the rules that's what the rules-based order means to these countries is that americans will make up the rules two years ago foreign reserves were something that was not part of american foreign policy they were your reserves then this ukraine war happens by it says ah nah you know those are ill-gotten gained and seize them those are the new rules in other words the rules-based international order is whatever

SPEAKER_89: americans say it is and then you run around saying no no no and then you run around the entire west

SPEAKER_64: made this decision together to sanction russia it wasn't just the u.s you're mischaracterizing that

SPEAKER_62: and you know what if hitler was invading other countries or putin or any dictator i do think it's

SPEAKER_84: fair game to seize the rest of the world does not buy into this narrative 70 of the world does not buy into this narrative they understand those are majority dictator countries and those are majority

SPEAKER_104: dictator countries 70 of the world's population does not believe this narrative about the ukraine war

SPEAKER_257: they understand that the u.s is at least equally responsible for this war laughable to say the

SPEAKER_64: u.s is equally responsible for the rest of the world that is you are a spokesperson for putin if you believe that that the u.s is responsible okay you know what you can quote any polling you want the u.s is not country believe this the u.s is not 50 responsible for putin invading ukraine that is

SPEAKER_356: laughable and disgusting every country every country that you actually believe the u.s is

SPEAKER_64: 50 responsible for putin invading ukraine unbelievable it's not about what i believe it's about what i'm asking you what you believed you said it so do you believe 50 percent uh we're 50 percent responsible for putin invading ukraine that's i don't know what percentages i would

SPEAKER_81: describe but i believe this war you had no problem saying 50 can i finish my point go ahead the way you're acting right now is exactly why all these countries want to create bricks they don't want to be subjected to this virtue signaling foreign policy by the united states we've discussed the

SPEAKER_89: ways many times the u.s could have avoided this war it didn't yeah respectfully disagree putin's responsible for the war this is why india does not want to be subject to the whims of people like

SPEAKER_193: you don't you don't see people like me i think the west made the decision that we needed to take

SPEAKER_363: action against the u.s made the decision and listen i disagree we don't get to make decisions for

SPEAKER_227: the uk and france and germany we don't get to make their decisions respectfully they make their own

SPEAKER_89: decisions that's not really true okay the u.s runs i think they would think they're

SPEAKER_81: so the u.s runs nato because we pay for it all these countries go along with the u.s because they like the defense and security that we provide the u.s calls the shots i don't think the audience and

SPEAKER_89: within the us the administration calls the shots so basically a handful of people in the bind administration biden newland blinken sullivan that's who makes the policy i do not think the rest of the world does not want to be subject to their whims i respectfully i don't think biden

SPEAKER_165: gets to choose with germany and france and the uk do oh i think olaf schultz is eventually going

SPEAKER_84: to be voted out and macron's eventually going to be voted out because their people are waking up but absolutely they are the lapdogs the united states uh we would like to go on to any of the

SPEAKER_370: topics i want to talk about the summit next week i'm really excited sure right we're coming in hot to

SPEAKER_139: the summit kicks off next sunday i'm really excited for everyone that's going to join us obviously we'll be putting out videos of the content as quickly as we can jcal has i don't know sax and chamoc if you guys are aware but he is in charge of the parties and he has gone well well beyond budget on these

SPEAKER_373: parties they're going to be outlandish they're going to be out of control show the three posters let me

SPEAKER_174: show you the posters the posters explain everything night one is our 007 party or our bestie royale if

SPEAKER_64: you will and here is bestie royale presenting on sunday night bestie royale where where your best spy outfit you could be austin powers you could be daniel craig you could be sean connery you could be charlie's angels any spy you can be uh and here is bestie royale coming at you on sunday night a little poker here is the closing night party we're going out of order bestie runner cyberpunk rave with the besties announcing grimes will be djing so we will have grimes uh doing a set at the

SPEAKER_67: bestie runner party that's awesome it's gonna be fun and so wear your best cyberpunk it could be fifth

SPEAKER_07: element you could go with any side can we just say can i just say i give up right now because claire's

SPEAKER_379: gonna win of course yeah she's whatever okay she's like it's not even worth trying well i'm just

SPEAKER_62: gonna come in every day blade runner every day but we'll have some neon stuff for you to put on

SPEAKER_193: is it gonna be cold outside no this is inside and this is occurring at a film studio so we have three warehouses at a film studio where we created part of the set of blade runner some incredible

SPEAKER_62: asian street food will be done that's awesome it's gonna be great and then monday night is gonna be absolutely blow the doors at it fast times at barbie high and uh here we are wear your best spikoli outfit your best surfer outfit of any kind or sorry will this be outside this is going to be outside we have a tent for the vip party so the way it works is you should you should well we'll

SPEAKER_133: see what the weather is it's going to be warm so uh you can wear your bathing suit if you want just wear a trench coat over it chamath if you're going to do a thirst trap live and in person

SPEAKER_222: and mick will be deejaying again so the dance floor will be lit just because we went well over the

SPEAKER_139: budget we brought in some sponsors to help us cover the costs i want to thank those sponsors eye connections which is actually running the app uh that we're using uh to coordinate the summit our law firm that does the legal work for us coolie has agreed to sponsor and there's a group of entrepreneurs from south africa started a company called house of macadamias they make macadamia nuts snacks delicious uh there's they're sponsoring that and they you know why they they reached out because chamath and i eat salt and vinegar pistachio so they made a salt and vinegar macadamia bag in our

SPEAKER_389: honor i love it oh right just vinegar like this episode and then we've got a group called pavis

SPEAKER_139: which makes mineral based sunscreen and obviously they heard us talking about sunscreen so they reached out and brew bird which makes a coffee brewing device came in and wanted to be a sponsor so a lot of the sponsors came to us having heard about us talking about something on the show and it was very helpful in helping us cover the cost of the event so i want to say thank you to all

SPEAKER_390: thank you guys thank you thank you to all of your sponsors thank you very much that's very kind of

SPEAKER_62: them yeah and then we're doing a high and low thing at we have incredible food trucks where we've

SPEAKER_174: elevated the food to like a higher level and so we want to pair these food trucks with some nice wines um and so they sent you a list of all the different foods and then uh beau is doing the steak at the

SPEAKER_194: first night roku sushi really great sushi place in la is doing the sushi the first night so we got some really great vendors and all the asian street food in the blade runner party is going to be great so

SPEAKER_174: asian the last night steak and sushi the first night and then these elevated food trucks uh so

SPEAKER_256: what is what is my year to do this uh your 20 is it 20 25 year four yeah i'm 24 you're 25.

SPEAKER_73: i'm just going to tell you in advance that i'm taking full complete control you all you will have to do is show up i don't want any intervention i don't need

SPEAKER_70: to be in place after this year and last year i'd please leave me out of it great i'm taking the sax approach i'm showing up where are you going to do it jason i have three areas biggest grift brooklyn

SPEAKER_62: exactly tokyo well i'll take you through it brooklyn my hometown is one so that's in my mind

SPEAKER_64: my favorite city is tokyo you know i love going to japan so that's in my short list and then on the griff side uh uae might be great i have some partners there and so that could be amazing to do it in dubai

David Friedberg: as a uh oh dubai would be nuts dubai would be kind of crazy my friend andrew sassoon is in charge of

SPEAKER_73: opening i think it's the winds casino there or is he in charge of all the entertainment and nightlife that would be incredible sassoon can light it up in dubai i also took europe off the table because i

SPEAKER_319: had the sense that chamath might pick no i'm 50 50 i may i may no no i may go to oman i may but i'm going to go to do a destination thing which is going to be yeah everybody will stay in the same

SPEAKER_73: place it'll be a much smaller number of people and it'll be end-to-end curated and 750 500 people

SPEAKER_62: there'll be clothes there'll be everything okay for the sultan of science with his sunglasses on

SPEAKER_174: the dictator and the architect we'll see you all next time on uh all in pockets bye bye