SPEAKER_00: all right everybody welcome back to the number one podcast in the world your favorite podcast the all in podcast with me again the core four the original four david friedberg moth polyhapitiya david sacks we're here and there's a lot going on in the world gentlemen how's everybody's week

SPEAKER_02: going anybody got big plans for next week jacol your ship has finally come in your invitation

SPEAKER_05: was not lost in the mail what well you have been invited to davos

SPEAKER_06: what i gotta get my guitar oh davos kumbaya don't blow it i'm gonna bring my guitar

SPEAKER_09: explain to the audience what's happening here sax what's happening well as it turns out

SPEAKER_10: one of the houses there is in need of content so they've offered all in a stage to interview people

SPEAKER_00: all right so we got stage microphone you're going i'm going up president trump is giving a major talk there on wednesday i understand uh and so there is a stage and microphone so i'm i canceled my ski trip in japan to go to davos even jason

SPEAKER_21: jason is going even jay cal even jay cal is that davos even jay cal i mean it's pretty funny i was

SPEAKER_00: invited to be part of that like um you probably got this too much back in the day like they're young leaders for fifty thousand dollars a year so we're going to be doing some interviews and uh if you want

David Friedberg: to be interviewed by me and or sax at the usa house email jason at all in dot com if you're there

SPEAKER_26: if you have ideas for speakers and we're going to be booking in real time i haven't been to davos i

SPEAKER_10: guess the way it works is there's a bunch of houses so countries have houses and then companies sponsor houses and there's stuff happening there there's like stages set up and there's constant interview so you know i've got a bunch of requests basically everyone's interviewing everyone

David Sacks: else at davos does that make sense i mean it's like all the attendees are just constantly interviewing

SPEAKER_32: each other it's like the podcast circuit all these podcasters now have run out of guests so they just

SPEAKER_34: interview each other in a giant circle that's what it is literally gonna be yeah heads of state

SPEAKER_35: interviewing heads of state yes everyone's just interviewing everybody hey welcome to the jd vance

SPEAKER_34: show i'm jd vance with me on the show today is mondami welcome to the show everybody's doing collabs

SPEAKER_37: there the snake has eaten its tail but i think we'll have a fun time me and sax are going and we're

SPEAKER_21: going to we're going to tear it up and have a good time the usa house i understand is like on a main street there and uh my understanding is i was talking to the ceo of mckinsey who's one of the

SPEAKER_38: partners i guess who sponsors a lot of the stuff at davos look at you rubbing elbows with the global elite talking texting with the deep state this is fantastic yeah no i'm going it's a deep state it's

SPEAKER_40: my deep state era going into 2026 and um there's supposedly what the vibe is sax is people just

SPEAKER_21: kind of walk around the main town and they'll just pop into usa house and they network have a have a coffee they take a coffee and then what we've got to do is have producer lisa say hey do you listen to all in hey well it's great to see you would you like to talk to david and jason they're gonna be sitting

SPEAKER_40: over here and just me and david are gonna hold court it's gonna be fun i'm looking forward to it

SPEAKER_21: we're kind of like a little little man on the street we might yeah you know i've done a little uh vox pop in my deck and uh we might we might get a wireless microphone and go on the street and

SPEAKER_03: see what happens this is going to last five minutes until people hear that jacal is

SPEAKER_49: is being obnoxious and asking well you know jacal people don't know this but jacal does an incredible triumph the insult comic dog impression oh yeah i do oh my god if you went around

SPEAKER_54: davos's trial oh dude oh yes it looks like it's the prime minister of germany i understand you turned off your nuclear at the right time how's the data center project going oh i heard the 15

SPEAKER_56: year old greta is uh doing your energy conservation and your strategy how's that going for you

SPEAKER_00: so i'm gonna last yeah we're gonna be detained at davos all right i guess we got to talk about what's going on in iran regime change could be happening there have been massive anti-regime protests over the last month as everybody listening probably knows iran has been ruled by an islamic dictator since the 1979 revolution ali khomeini is in power since 1989 and if you want to understand why this is happening it's probably two data points that you should know in the short term uh last you know six seven years inflation has been bonkers if you think you know seven eight nine percent inflation during covid was acute and and you know 2.6 now people complaining about uh take a look at this chart boys uh it's it's been 30 on average since 2019 due to sanctions obviously those things uh can work there's been food shortages people in the streets long term here's a chart and this is from 2020 so you can add six years to the chart you're seeing here but uh there's a lot of young people in iran and the populace is made up of a lot of 20-somethings and 30-somethings and they have starlink and they have access and vpns and so they want to be part of the future they want to modernize sax this was a point of contention last year we were talking about interventions going on you know foreign wars and your concerns about that this one is from the bottom up so i think that makes it quite different yeah

SPEAKER_10: quite different yeah well look this is a highly dynamic situation i don't really want to comment on something except to say that i trust president trump to make the right decision and handle it as i understand that the protests are either fizzling out or being cracked down on at this point and i tend to think it's dying down but i'm not sure and it's it's a dynamic situation i really look the problem is whenever i comment on something like this it ends up being trump advisor david sachs says whatever yeah you get clipped and the reality is i'm only involved on two issues and this isn't one of them so i don't really think i should be commenting yeah freeberg you've been

SPEAKER_26: talking about this and uh i think it was part of your predictions from the show last week the prediction show here's your poly markets and then i'll let you give your thoughts on it khamenei out as supreme leader of iran by january 31st that was up uh around 27 and now has dropped to a 10 chance and will the

SPEAKER_00: regime fall before 2027 2.6 million dollars in volume 37 chance it's been up there as high as i think

SPEAKER_65: 50 some odd percent and this is before the end of the year so obviously a breaking news type situation

SPEAKER_00: by the time we tape on thursdays as everybody knows i'm out on fridays so this could be radically

SPEAKER_72: changing but just broad strokes what are your thoughts here freeberg i mean i think it's

SPEAKER_74: inevitable that there's a break in the country because of the effect of sanctions the average income is about 200 bucks a month in iran and the price of food is roughly the same as the u.s maybe a little bit less than the u.s i mean they're a combo meal at mcdonald's i just pulled this up in tehran as four bucks equivalent so again if you're making 200 a month and it's four bucks to go to mcdonald's costs catch up pretty quickly i think that ultimately is what breaks civil society is when people can't afford the things that they need and people have no choice but to stand up and an oppressive system an oppressive regime can keep people down for so long until

SPEAKER_76: they're starving or they can't get access to things like medical care and these are the sorts of things that ultimately lead to these moments so it seems like it's an inevitability the united states put a lot of pressure on the regime in iran and it seems to be starting to break the key

SPEAKER_74: question that everyone's asking is trump going to act in supporting the revolution which theoretically i

SPEAKER_76: would imagine would involve attacking irgc sites which are the revolutionary guard that are sort of the internal security force that maintains the regime's control over the people and if they take out irgc sites will that actually result in the people being free and what's the transition plan this is obviously a very messy situation reza pahlavi is in europe and he said he's ready to come back and he is the shah's son and if he comes back how are you going to give him influence and control this is the same question that recently came up in venezuela there is a very large infrastructure that needs to be overseen of government agencies and you know you can't bring an outsider in and just plug them right in to take over everything it's a very difficult transition and that's when things fall apart when people steal stuff when uh things get turned off so how do you maintain kind of the core functioning of society without breaking it by bringing someone new from the outside that's where this gets very messy so i don't know what's ahead yeah and the strikes

SPEAKER_00: didn't happen last night besant announced some increased sanctions that always seems to be one of the best ways to handle this is to increase the economic pressure as you pointed out freeberg and for people who don't who are not familiar iran is a large country it's the second largest in the middle east behind egypt i believe and close to 100 million people 95 million people i think live in iran uh this would have a dramatic impact on the region if there was a transition here obviously you've

SPEAKER_26: heard about uh different houthis and hezbollah being supported funded housed in iran so this would be quite dramatic country moth if this turned over uh even if it's a 10 to 30 chance this were to happen

SPEAKER_79: and any thoughts on what that would mean you know we've been watching this modernization of the

SPEAKER_26: middle east and just saudi uae qatar everybody having a seat at the table increasing influence increasing modernization in those countries what would this do in the region it's really hard to tell

SPEAKER_83: it's an incredibly vibrant people if you look at the iranian diaspora they're really a dynamic part of every culture they join if you know persians in la or persians i mean they're i mean you and

SPEAKER_85: i played poker with the diaspora in la these are the most incredible people in westwood they're the greatest they're the greatest people they're shutting the club down the last people out at the

SPEAKER_83: game yeah they're really great the thing that i would say is that i don't think that you can paint the middle east with the broad brush here it's a very different culture than the other middle east countries it's a fundamentally different religion it's a fundamentally different language so i would just say that i don't know what's actually going on in iran there's been so much information containment that i take saxe's point of view which is i think the only people in the united states right now that have an accurate sense are probably the military and intelligence apparatus of the united states and the rest of us are under reacting or overreacting to small pieces of information without really knowing the context and the mosaic of the whole

SPEAKER_90: in a breaking news environment it's uh best to do some research and uh yeah be humble and thoughtful

SPEAKER_83: but by the way your positions yeah the crazy thing about this if you shift away from iran was specifically the information warfare game is totally different so what did you have you had

Chamath Palihapitiya: spacex enable starlink over iran and then there was the attempt to use that mechanism to get information out to fill in the mosaic right so yeah was what was happening 90 with what was happening 10 was there counter revolutions that were supportive of khomeini none of us knew anything because you would see these snippets and it was very hard to actually triangulate then you had this entire information channel get shut down and you had all kinds of blocking mechanisms that essentially drove the packet loss down to like 80 90 and it's just important to understand that is the generation

SPEAKER_83: of warfare and information that we are going to see in every conflict going forward especially when you have something as ubiquitous as starlink and other things in the sky to help you get the

SPEAKER_55: information out you're just going to see these tactics increase and i don't know if you guys ever

SPEAKER_26: saw it anthony bourdain rest in peace did a really great parts unknown in 2013 or 14 anthony bourdain i've

SPEAKER_55: ever watched yeah if you want to see iran it looks so amazing look at the anthony bourdain parts unknown in tehran it looks like a party well yeah and young people there total vibe there yeah the young

SPEAKER_37: people are like really living their life under this oppression and you you really get the sense that they're not much different than us or or any other folks in the world and the the journalists

SPEAKER_26: who took them around were later detained and they really respect india bourdain for even doing that episode man they took a lot of risk doing that remember there was a period where one of the most

SPEAKER_83: popular accounts on instagram was the rich kids of tehran right if you follow them you'd be like man

SPEAKER_103: this looks like la or new york yeah hong kong yeah london yeah yeah dubai great potential yeah rooting

SPEAKER_26: for the people of iran to have their freedom and uh yeah i actually and i'll say sax i trust trump in his targeted neocon era i'm trying to phrase it properly here to not offend anybody but i think he's trump really doctrine well i mean he he i think doesn't have a problem using our military and the force we have to take a dictator out if it doesn't cause world war iii and if two dictators and two

SPEAKER_37: societies are freed in first quarter of 2026 i mean what does that even mean for his legacy this could be

SPEAKER_86: the defining moment of his legacy yeah means there's only a few of us left jason dictators yes

SPEAKER_111: he'll be coming for you shavab all right microsoft is going to pay its own way on data centers we've

SPEAKER_79: been talking about this um you know energy needs for identity data centers for a long time now and uh there's been this theme hey if the data centers are going to take all this energy it's going to spike local power consumption we saw a number of data centers gentlemen maybe pull out of projects where

SPEAKER_00: there was local pushback on them on monday president trump our president trump addressed this pr crisis on

SPEAKER_113: truth social calling out microsoft and never want americans to pay higher electricity bills because of data centers two words data center i ended the last part microsoft will make major changes beginning

SPEAKER_79: this week to ensure that americans don't pick up the tab for their power consumption microsoft president brad smith announced they will pay higher electricity rates where they are building data centers to cover

SPEAKER_26: the cost of the new power generation and grid upgrades seems like a pretty simple idea and they're also going to pay to replenish water that it draws from the reservoirs that issue has also been a little bit overblown freebreak you probably or actually you probably know a lot about that and you can explain

SPEAKER_79: the data center recycling water issues and the misperceptions and they're not microsoft has announced they're not going to accept any tax breaks or electricity rate discounts so that era seems

SPEAKER_26: to have ended shavath you're involved in a number of data centers and obviously david sacks you're

SPEAKER_116: involved in this as our ai czar and civil servant so shavath why don't you start us off here you guys can

SPEAKER_55: find the clip but we talked about this a few weeks ago that these kinds of things were in the offing i really like it it's a very good first order set of things to do which is to step into a local area

SPEAKER_83: and take all of these energy issues off the table at least to the extent that you're contributing to it the problem is that the data centers are only part of the problem the reality is that we have a whole new way of living that is drawing more and more electrons we are at a shortage for what we need the reaction of the utilities is to now build which is the right reaction the problem is that for the last 20 years they've been under building so as they catch up even if you have the data centers that are willing to pay their fair share rates will still go up so what do we need to do that is beyond what microsoft just announced i think all the hyperscalers should copy what microsoft did

SPEAKER_55: i think it's great that the president was able to get these guys to the table to agree to it

Chamath Palihapitiya: what is the next major thing the next major thing is when you actually create a hundred or two hundred billion dollar tax equity vehicle and you have them completely subsidize and pay for the electricity costs of homeowners how do you do that you do that by paying for them to get solar and storage why would they do that they would do that for two reasons number one and the most important is that it will give them a social license to operate throughout the country the second reason is that the president preserved the ability to make those kinds of investments and be tax advantaged for doing it in the one big beautiful bill so if you put these two things together i think step one is you go into a local area you tell the local residents we'll pay for the water we'll make sure there's minimal noise and we'll make sure that we take absolutely no discount we pay our fair share even if it means paying more than you do for electricity that's step one but now i think we need to go in with step two here is a bunch of money that we have allocated to go and fit your house out with solar with storage with next generation heat pumps with a modern set of infrastructure so that you are totally resilient and now you are completely ambivalent to what the grid has to do

SPEAKER_26: in reaction to all the demand that's coming yeah i had um zach dell from base power on this week in startups i don't know a year ago now and we were talking about this and i said hey why why wouldn't

SPEAKER_79: you just and what they do is not solar because solar takes time you got to rip up your roof there it's just some complications with solar you need to have the space for it it's expensive to install they just put a battery like a little r2d2 outside your house they fill up that battery when energy is cheap and plentiful and they deploy it when it's expensive and the grid has challenges and he said those kind of deals are in the works or the discussions were happening and that was back then so this is a really easy win-win-win type situation chamath you're describing sax this feels like proactive now thoughtful ways to communicate to the populace of hey the ai boom is here and you have concerns we're going to get ahead of them so have you been involved in any of these discussions are you talking with chris wright and like overlapping in terms of the um communication

SPEAKER_125: here is it just a free market solution well jason the the president's been ahead of the curve on this issue really since the beginning of the administration i don't know if you recall but he said that he was

David Sacks: going to make ai companies into the biggest power companies because he understood that the data centers that they needed required a lot of power but they were going to stand up their own power generation and they wouldn't just draw off the grid and so i think this understanding has always been there when i've talked to the hyperscalers they also tell me that their plan is not to draw from the grid is to basically set up their own power generation behind the meter it's called colocation and in fact i think ultimately this will bring down rates for residential consumers for two reasons one is that when the data centers create their own power they can sell back or donate back to the grid when they connect they don't have to connect to the grid but once they do they can donate back and then second there's a number of fixed costs in power generation it's not just variable right there's these large fixed costs and so as you increase scale those fixed costs get amortized over a greater amount of supply and that brings down the variable rate basically the the meter rate for everybody so scale is good and i think the deceptive nature of the criticism here about like bernie sanders and people like that is what they say is we just have to shut down all the data centers period when the real problem here is that he and others like him have over regulated power generation to death so that it's too hard to set up net new power right i mean if power generation were easier there wouldn't need to be a limit on what the data centers could use they could just bring their own power so that is the obvious solution here and it's good to see microsoft make this pledge and sort of formalize that i think all the other hyperscalers will do that again it was never part of their plan i think to draw on the grid for their power needs they always i think understood that they'd have to stand up their own power and the issue is just regulations getting in the way of that and just one final point on this is that there are a bunch of regulations by ferk for example that interfere with the ability to do co-location co-location is when you put a data center and the power generation next to each other you do them together and chris wright the secretary of energy has directed for to make a bunch of changes to make behind the meter and co-location easier so that these data centers can stand up their own power and the only reason that hasn't happened is just because of the usual bureaucratic delays but that is

SPEAKER_79: well on its way to happening all right does that make sense it makes total sense and you know if we start thinking about incentives incentives obviously matter and i don't think a lot of people know this but and i think i talked about it when we were talking about nuclear freeberg in france the people who live near the avine uh i think is how it's pronounced uh reactor they pay point one percent tax versus the 12 regional average and so they and then i think the uk has also talked about these sort of danger zone or uh proposals and payments you can give people a discount to incentivize them and reward them giving them free local electricity etc for living near a nuclear power plant that hasn't come up here in the united states and there's been a lot of uh fud fear uncertainty and doubt freeberg around these data centers people throwing around a lot of talking points i think you and i discussed offline the the misperceptions about water usage and that the water usage is largely recycled in these

SPEAKER_26: data centers um if you know about that would you would you inform the audience about that piece of

SPEAKER_130: data well we got a lot of water it just goes around in a circle so i don't think that's an issue uh but

SPEAKER_66: clean water and the cost of clean water increasing for a local population is the misperception there

David Sacks: the modern cooling systems these data centers the water recirculates and transports the heat out of the data center so it's not like the water is used up i guess there's a separate type of evaporative cooling that does use up some water but modern data centers don't use that so the water issue is really a total hoax and it's really kind of a sub hoax of this larger affordability issue i'm not saying that affordability isn't an issue but it was caused by biden's nine percent inflation and now democrats are trying to make it an issue when it comes to the power for data centers again this all comes back to the fact that the regulations make it too hard to generate net new power so again scaling demand on its own not a problem if you also scale supply of electricity in fact it brings down prices

SPEAKER_125: for everyone because scale creates economies of scale yeah and 90 percent of that water is reused

SPEAKER_90: and there's closed water loop systems and here's my pitch i think the president should try to create a

SPEAKER_55: three four five hundred billion dollar tax equity fund and help eliminate the electricity costs of 50 to

SPEAKER_74: 100 million american households amazing well here's the let me let me give you the math so we consume in this country about four trillion kilowatt hours of electricity average price is 18 cents a kilowatt hour so it's about call it 750 billion dollars of spend on electricity every year one-third of that 250 billion is residential consumption two-thirds of that 500 billion is industrial and commercial consumption theoretically you could increase the price on industrial and commercial consumption by call it 50 and make all residential electricity in the united states free if you're a residential user you get a cap of free electricity every month and if you use more than that cap you get charged but below that cap you're free based on whatever square footage of your house i don't know whatever and then on the commercial and industrial side the reason you would then have an incentive to build private power systems would be that you can bring your cost down and instead of centralizing all of this with the utilities what it can do is it can force a market demand for industrial and commercial users to build their own power systems which would increase overall electricity supply in the united states the data centers are the tip of the iceberg but if you make this a pan-industrial problem then all of the

Chamath Palihapitiya: industrial companies would have to take this path the problem is it doesn't change the net consumption model if you actually go to solar and storage for every 15 million homes you take a terawatt hour of demand off the grid that's an extra terawatt hour that you don't need to build but you can't build that quickly so the reason why i like solar and storage is you make these folks so self-reliant now all of a sudden we're actually catching up to china faster than we would have otherwise

SPEAKER_49: you're talking about residentials yeah your idea which is a good one the problem is they're still

SPEAKER_144: using grid services right or they don't have to that's the point like if they end up the industrial users well the industrial users will then invest in solar systems you don't know

SPEAKER_49: that for sure my point is today the homeowners are using well yeah there is no solution to not using yeah

SPEAKER_144: well here's if the industrial price goes up by 50 you've now created a market force to drive them to make the investment i understand particularly if you've if you deregulated i understand the math but my point is and you get this first year capex depreciation so they actually get a benefit and instead of putting all of the guys guys you're talking through each other chamat's point is

SPEAKER_79: that you're still taxing the grid his proposal adds another layer to what you're saying so he's in agreement with you freeberg hey yeah let's have the businesses pay a little extra and and not or and let's have them also great take them off the grid to reduce it well there's 80 million freestanding homes in the united states and it's about 15k to put these battery packs in like base power zooming you can probably get it down to 10 and if you just do back back of the envelope math you're talking about a trillion dollars so basically for 100 billion you could do 10 of the country if you were to do that over some time period we would have we would stop worrying about the grid i think is chamat's point and you could do it with battery you could do it solar well you

SPEAKER_49: would not stop worrying about the grid but jason just to refine what you're saying because you're

Chamath Palihapitiya: directionally very right the consumers would feel less of these issues and instead of all of us worrying how to underwrite terawatt hours to catch up to china we actually get a two for one the consumer homes don't have that anxiety anymore they don't have the bill and because they're generating their own power they're off the grid and now what that means is that extra terawatt hour can actually go to the commercial and industrial applications including these data centers and you're right freeberg we should raise their tariffs i just think it's a lot it's a lot more complicated

SPEAKER_145: a lot more expensive no your method is very more complicated none of this is free none of it's free

SPEAKER_79: however we have such an amazing opportunity with ai that it makes sense to do this that i think is the big picture ai is such a huge opportunity there's so much investment why wouldn't you do this is the question and if we want to live in the age of abundance and we want to bring the bottom half

SPEAKER_111: of the country up and we want affordability where do people spend their money food groceries their rent and their electricity and the utilities so we if we want to figure out a direct way to do this and for all the hippie dippies who care about the environment and clean energy this is a win there as well and it doesn't come out of americans pockets and their taxes it comes out of corporations which are printing money if you want to talk about redistribution of wealth this is a way for the great american mac 7 corporations to give something back to americans and you talked about this right from off maybe three or four weeks ago that hey maybe there would be some way for great corporations to do great things for americans the fact that americans don't think about their water bill that much is a is a mitzvah it's a great thing now if they didn't have to think

SPEAKER_39: about electricity wow amazing we will look back and i think that we will want to have seen

SPEAKER_55: these big companies who are unbelievably profitable step up on behalf of american homeowners yeah some

SPEAKER_161: might say obscenely i just think i just think it's a great it's a great mission to the moon style

SPEAKER_74: framing to say what if we could make all residential electricity free in the united states and over the next decade if we can do that not only do we help americans with their wallet but we actually can enable a distributed investment scheme in american energy production and we force the corporations to step up and do their part rather than centralize it so i just like the framing of making this whole thing free making residential electricity free in the us as a core benefit the

Chamath Palihapitiya: other thing is we've talked about this i've mentioned this a couple times before i think the single biggest dollar short it's not clear when that one will be able to make will be on these utilities because if any version of what we just talked about happens and all of a sudden you have private homeowners that are their own utility and then freeberg cni being their own power utility what do the utilities do what does all this capex go to how do they pay back their bonds what happens to their rate base this is a huge economic question that i think will come up if even a small modicum of

SPEAKER_85: what we just talked about materializes yeah and you know people having their first x number of kilowatt

SPEAKER_79: hours a year free you know obviously you're not going to have unlimited free you know that that's going to be pretty transformative for america it's aspirational we all like the idea i like it okay open ai has struck another compute deal this one's worth over 10 billion open ai is buying compute capacity from cerebras

SPEAKER_00: that's c-e-r-e-b-r-a-s they committed to purchase up to 750 megawatts over three years cerebras like rock makes specialized chips for ai inference cerebras is in talks to raise 1 billion at a

SPEAKER_68: 22 billion dollar valuation according to reports and they're expected to ipo this year potentially

SPEAKER_166: in the next couple of months sam maltman's an investor in the company so uh he knows it well and

SPEAKER_40: is he really stopped i mean it's in the notes it's in the notes you can't say this stuff if you don't know if it's true it's in the notes it's in the notes take it out and post if it's not

SPEAKER_37: reported by the misinformation i don't know it could be information could be misinformation

SPEAKER_48: shout out okay to our friends that the information these were your competitors at rock yeah uh jama

SPEAKER_172: they were contemporaries yeah they're fantastic we both started at the same time we took slightly

Chamath Palihapitiya: different technical approaches the big difference that what cerebras said initially from the start and

SPEAKER_55: this is my friend andrew feldman so i'll give him a shout out very smart guy if you see a chip what you actually see is a wafer and a wafer is full of little chips right and you you literally tear

Chamath Palihapitiya: them off that's why they're called chips andrew was like no i'm just going to make one ginormous chip the size of a wafer and so if you look at it nick maybe you can find a picture of it these things are huge and at the time people were like i don't think they really understood what the power of what cerebras was building and what andrew is building and then the first folks that really got on board were the emiratis so mgx and g42 and you started to run these models and what you started to see was man their inference is blazing fast again back to what we talked about last week because when you have the compute and the memory in the same place physical distances are now minimized and the complexity is minimized so you just have incredible speed what i can tell you is that open ai is

SPEAKER_55: aggressively trying to diversify so that they have multiple paths of inference available they have a huge

SPEAKER_83: deal with amd they have a huge deal with nvidia they now have a huge deal with cerebras if you look at

Chamath Palihapitiya: the trail of breadcrumbs my belief there's going to be a renaissance in silicon young small teams

SPEAKER_83: building decode silicon can make a fortune over the next 10 to 20 years it's a huge opportunity it's

SPEAKER_55: going to be like the pc wars dell versus compact versus all of these companies it's super exciting

SPEAKER_79: congrats to cerebras they deserve it is there um any argument that compute needs will level off in some way we will have built so much capacity and the software will get better there's been some talk about anthropic being resource constrained as the contemporary to open ai and i think there's pretty much uniformity amongst elite ai users that claude is a much better product now than opening ai and the models are better the applications are better but they're doing it with less so could the build out

SPEAKER_65: be could it slow down is that a scenario that's out there or is this always going to be up until the right for the next five ten years what's your crystal ball saying sax are you still there i'm here oh

SPEAKER_183: okay why is he on why is this video off turn it on i mean you turn it back on and then when you talk

SPEAKER_47: we'll just go back and forth texas still has a ways to go i have to say all right there you go all

SPEAKER_186: right so anyway uh this is your best internet yes texas infrastructure is uh oh my god sax is going

SPEAKER_191: to do that i just tweeted abbott will send someone over immediately there they're pretty responsive in

SPEAKER_74: texas my prediction is there'll be a big meme by the end of this year called the texas bounce back and it's a bunch of billionaires they do a little jiggy as they dance back from texas back to california

SPEAKER_195: you're there for good huh well here's the thing so okay well let's just talk about bta

SPEAKER_197: because that's where this is going well i mean listen you move houses say you move houses you

SPEAKER_10: could have a little internet issue it's okay well i mean i'd rather have an internet issue and keep 100 of my money then lose five percent plus 13.3 per year and it's not going to be a one-time tax

David Sacks: that's the biggest lie it's five percent now five percent later ten percent after that yeah you know but it'll be an exit tax yeah they're going to all of it yeah so the internet can get fixed the internet let's put it this way my internet can get fixed a lot more easily than california can

SPEAKER_207: what are the 10 states that constitutionally ban asset taxes yeah so it's direct and implicit in

SPEAKER_74: those states constitutions or they have an amendment to the constitution that makes it um direct or implicit that you can't do a wealth tax or an asset season which are they alaska florida nevada new

SPEAKER_212: hampshire south dakota tennessee texas according to grok only texas explicitly bans wealth taxes yes

SPEAKER_74: that is correct but because of some of the other state constitutions it's implicit so texas has in their constitution a prohibition on quote tax on wealth or net worth washington has a uniformity clause which treats income as property which bans non-uniform rates florida's constitution bans any sort of personal tax pennsylvania has a strict uniformity clause which would make it impossible to have graduated tax rates or distinguished tax rates amongst populations illinois has a strict constitutional mandate for a flat non-graduated tax rate so you cannot do a separation and then asset seizure is referred to as a civil asset forfeiture which is a separate legal issue but implies in states like new mexico nebraska and north carolina you cannot actually have an asset taken from you by the state so there's a bunch of states that this would be constitutionally protected against freeberg has your

SPEAKER_83: mind changed since last week about whether this is going to make the ballot i i don't think it's going to

SPEAKER_74: make the ballot i mean look i think it's not i'm not saying 100 i'm saying slight overweight that

SPEAKER_140: it's not going to get there so nothing has changed in your perspective i think we're going through

SPEAKER_74: the rolling wake-up process right now which is people are waking up to the fact that the asset seizure

SPEAKER_144: tax is an elimination of private property rights that fundamentally what you're saying and i wrote this in my tweet that private property now becomes public property because as soon as you give the government the right to collect your post-tax assets through a legislative vote you are basically saying that you no longer have private property because at any point in the future the government can vote to say i'm going to take your private property which is different than an income tax which is when you earn something that you didn't have before and they take a percentage of your earnings of your income the statement now is after you've made your income it's now your private property they can come and take it and so that is a distinction that has never existed in the united states and i will make the a retort right now to property tax because people always say to me what about property tax a property tax is a service fee on a particular specific asset the money that is collected provides services for that asset to make it more valuable so you get roads infrastructure policing fire care schools all the stuff that comes with property tax makes that asset more and you have the option at any point you want to sell that property and stop paying that property tax you have the option at any point to downgrade your property and get a cheaper property and pay it lower but and here's the other important point about property tax it's uniform uniform means that everyone pays

SPEAKER_74: the same percentage the same property tax rate in a county this asset seizure tax that's being proposed is a demographic tax meaning that the state or the legislature defines a specific group of individuals in this case they're saying anyone with a net worth over a billion dollars and then they can go and take assets from only that group that is non-uniform taxation it means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person in this case their wealth you are going to be treated differently and that is different than an income tax because remember when you have graduated income tax rates and you say high earners tax tax get taxed more what you're taxing is the earnings not the individual you're not looking through to the individual to determine whether or not they're wealthy all you're doing is looking at the independent earnings amount that's coming in and so a uniformity clause is supposed to protect people from being demographically discriminated against and you may roll your hand and be like oh who cares about the billionaires eat the rich that's great but fundamentally you're giving the government the legislature the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you that is why this is so troubling and we can harp all day long about eat the rich and obviously this group is is biased but the general population should be very much aware of the fact that as soon as you give a legislature the ability to discriminate a group and take whatever you've set precedent you've set and it's over

SPEAKER_144: you've you're now down now what you've done is you've made all private property public property because the government is simply giving you permission every year to keep your stuff and

SPEAKER_217: the government shouldn't even know it's like they're coming onto your ranch and calculating how

SPEAKER_218: many tractors you got you got an old corvette how much is that worth what's what's your old roadster

SPEAKER_221: what's your grandma jewelry worth how much moose is yeah they could take five percent of moose very valuable thoroughbred there he absolutely is there'll be a new job category tax appraisers tax

SPEAKER_144: appraisers and then you don't know whether the knocking on your door i'm here to walk around your ranch and calculate everything i mean and it doesn't solve the geometric debt problem right we have a problem where every year if we keep funding things with a deficit in california we're looking at a 30 billion a year deficit we've got 500 billion of debt and we have a nearly one trillion dollar pension

SPEAKER_74: obligation that is not funded yes that money is going to come from somewhere or it is not going to get paid it is more likely that they're going to do everything they possibly can to get that money from somewhere rather than not pay it someone the same is and the same is true for all pension obligations

SPEAKER_144: across the country illinois has a big problem like this as well well can i can i take the other

SPEAKER_10: side of that bet that bet you mentioned about it not getting on the ballot please yeah go for it well i i've never understood why this wouldn't get on the ballot and i've never understood why once it's on the ballot it wouldn't pass which is why i left so let's take the first one of these in terms

David Sacks: of it getting on the ballot you only need about 8 million bucks to collect the signatures 850 000 signatures it's not that many in california there's definitely millions of people in california who would love to stick it to billionaires so they're going to gather the signatures that seiu has the money the only way that it wouldn't therefore make the ballot is if gavin newsom and the political machine bribe the seiu with enough political benefits that they'll withdraw it but what the seiu is asking for is whatever it is the 30 billion dollars and i don't know if gavin newsom has that much money laying around somewhere that he can just give them furthermore if you're the guy running the seiu i understand his name is dave regan regan to regan you got to be looking at what's happening on x right

SPEAKER_212: now and you got to be gleeful you got all these billionaires are panic tweeting all day long it's

SPEAKER_232: not all day long i tweet in the morning from the bathroom well we're all doing it morning

SPEAKER_235: i went on a base tweeting spree this morning so if you're if you're this guy regan you're like oh my

SPEAKER_212: god look how much leverage i've got you know twist a pig's ear watch him squeal he's twisted these billionaires ears and they're all squealing so why wouldn't you increase your leverage by spending the eight million dollars put it on the ballot and then negotiate with it was that a deliverance

SPEAKER_246: reference i hope not no it's just an expression okay i don't know why your mind's going to

SPEAKER_223: deliverance i don't know you squeal louder but you got deliverance on the brain yeah maybe i do

SPEAKER_144: so i'll tell you why so i've obviously been a believer i've been a believer in the long cycle

SPEAKER_74: and i've said this for a long time we are going to end up in either a socialist or some sort of fascist either way it's a tyrannical system to get us out of the death spiral that we've been in for some time so that is true but i still want to retain my sense of individual agency and i do think

SPEAKER_144: that those of us who are in california who actually care should retain some sense of agency rather than suspend our um our ability to have an influence in the outcome here i think we need to speak openly and honestly about where this leads to let people hear it let the people in california decide and frankly if we've done our job we've spoken loudly we've spoken clearly we've re revealed to people where a private property seizure tax leads to for everyone in this country and the deletion of private property rights in this country well and they still sign up to it then i'm out yeah okay i get it and i mean

SPEAKER_252: if it was a cent of millionaire tax you would have been out i agree that we should fight it i'm not being

David Sacks: fatalistic i don't think the outcome is predetermined but i don't understand why it wouldn't get on the ballot because that that has nothing to do with how persuasive you and the opponents of bta are it's just about whether seiu uhw will spend the requisite amount of money 8 million 10 million 12 million whatever to gather the signatures and i mean we've heard they have the money right so why wouldn't they it only increases their leverage to demand more concessions they have 14 million dollars

SPEAKER_144: to gather the signatures which the estimate was they'll need somewhere between 5 and 15 so they have the cash they need to gather the signatures it's a good bet and they have roughly 10 million dollars to run an ad campaign and their estimate is they need between 50 and 100 million dollars to

SPEAKER_74: run an ad campaign so the next the next step will be that they'll try and get this thing signed up now the polling data it shows that there's room for influence sacks so i do think that if people can understand where this is headed and look if america wants to sign up to this godspeed man like that's where america is going to end up in the socialist death spiral loophole like good luck have a good time i'm going to terminus to start the foundation i don't know where the hell that is but

SPEAKER_144: i'm out you're out i'm out and in the meantime all we can do is speak truth to it and try and

SPEAKER_259: shine light on it and see where it goes hey maybe 51st state greenland maybe we'll just do the first

David Sacks: state look i'm not saying it's going to pass although i do think it's probably slightly more likely than not to pass once it's on the ballot i just don't understand why it's not going to be on the ballot and once it makes the ballot in let's say april i think there's going to be a big freak out and rush for the exits because there's a lot of people you're right you know this is my

SPEAKER_144: theory is i'm going to beat the rush before the end of the party people don't realize this it's not billionaires i have received dozens of texts emails calls from people founders business leaders ceos that are out if in april this thing ends up on the ballot because they're like writings on the wall if no politicians in california are willing to stand up and talk about private property rights and no one's willing to say like this leads to a debt spiral for the state and potentially for the country and no one's going to say that then it's only a matter of time before this happens and it's only a matter of time before it hits me right so everyone is looking for a place let me give you a

SPEAKER_10: data point on that um there are other unions who weren't part of this ballot initiative who are

David Sacks: preparing similar ones for 2028 and those ballot initiatives are going to be more bulletproof they're going to be better lawyered all that kind of stuff more likely to survive constitutional challenges the only reason why there is political opposition i believe to the bta is because it was done by only one union the seiu uhw this guy did it on his own and the loot all the proceeds from this confiscation would go almost all of it would go just to this one union or its causes so they didn't cut in the other unions on the loot they didn't wet the other unions beaks as a result of that the other unions are actually against it and this is why newsom and the other politicians feel relatively unconstrained in saying they're opposed to it and that's why i think that if we defeat this in 26 it doesn't mean is dead for good it just means it's going to come back in a new form in 28 but with much more broad based union support all the unions are going to do it together so i just think this is inevitable and i

SPEAKER_212: think that you know for all the founders and whether you're pre-exit post-exit or on your way to an exit my advice would be that to quote maya angelou when a state shows you who they are believe them the

SPEAKER_240: first time this is the direction of travel in california and whether it's seiu or whatever they

SPEAKER_49: do in teachers 28 this is where it's going they'd love to see something you said something that

Chamath Palihapitiya: resonated with me which is the next versions of this will be better lawyered and more bulletproof i've had a team of people looking at this the thing that is the biggest weakness here is looking at the fact that this is a wholly new tax that is applied retroactively and when you look at the supreme court at the federal level the case law on this this is the strongest challenge that people will have and this is where there is a preponderance of evidence in the favor of people saying that this is unjust and this is a taking and being able to use the supreme court to bat this back now that'll take five and ten years to litigate because it'll be there drawing itself through the courts forever but when you look at the fact that that will be the angle of attack that people will take if this passes i a hundred percent agree with you sacks if this union were smart enough what they would have done is say this is going to start jan 1 of 2027 it probably would make the ballot it probably would pass and they would get all the loot and it would be very difficult to legally challenge this thing it was a huge miscalculation by that union but in 28 or 30 or 32 this will rear its ugly head it will be better architected and there will be no way around it and at that point why create an artificial line

SPEAKER_49: at one with nine zeros after it why why by the way stupid go to a hundred million get everybody whoa

SPEAKER_275: whoa whoa whoa whoa whoa whoa let's move that number up a little bit let's get to let's get it to 250.

SPEAKER_265: and if what we're saying is right then why would it not happen at a national level of course it will

SPEAKER_79: yes they're going to start chasing you around the country it's disgusting well and because i'll tell you

SPEAKER_05: why because we still have plenty of conservatives in the rest of the country california is screwed but

David Sacks: we got to start stacking sandbags around the rest of the states freeberg you said something that i

SPEAKER_49: really liked in your post which is it begs the question what will happen when california goes bk

Chamath Palihapitiya: and then they go to the feds and it doesn't actually matter who is in charge at that time but let's think about it if trump were in charge for a second california knocks and says hey i need you to bail us out the deal that california would need to do with the president for that to even be palatable so that he could build a coalition of republicans around it man california will go

SPEAKER_168: through tremendous pain measures but then go through the other side so now imagine aoc's president

Chamath Palihapitiya: aoc's president so she says i got to do this and then when it goes to congress how does this actually happen this is again where i think sax is right as long as there is a 49 51 kind of a balance i don't think anything can really happen without meaningfully deep austerity in california i think there's a way out for now if the filibuster's gone by that time yeah and it's simple majority and then if there's a democrat in the oval plus a democratic congress yeah david you're right because that is the one shot on gold that they have a two-year window to run that play at the federal level and they will

SPEAKER_144: be able to get it done now ask yourself the question what happens to the citizens of florida the citizens of texas and the citizens of north dakota and the citizens of all these states that pay federal taxes have not had this problem in their state and they're basically paying dude alaska has a surplus

SPEAKER_287: alaska has a surplus yeah but why should what do you do what do you think about california it's unfair

SPEAKER_144: all those citizens and this is where the union starts to unravel and that's where i get very concerned about where this leads as soon as you allow this asset seizure tax to pass even on a state level the economic ramifications are on a national level the economic ramifications are

SPEAKER_74: inevitable that some states are going to have to bail out other states and that's where things

SPEAKER_68: get very ugly the bill will come due at some point this is super easy out here for the democrats or people who are supporting this just go after fraud first tax a second that's got to be the mantra

SPEAKER_79: going forward we're going to eliminate fraud and waste and then we'll have a discussion about taxes that's the only way for them to find an escape hatch here okay well it's how you win the

SPEAKER_291: moderates you're yeah i mean like yeah that's what i'm talking about but just just some interesting

David Sacks: stats here so california collects roughly double per capita what texas and florida do so california collects about 10 319 per taxpayer whereas texas 5469 florida 4914. so there's not an issue here of california not collecting enough taxes the issue is all on the spending and on that front the california budget has doubled over the past decade while the population stayed flat and in fact and services

SPEAKER_292: got worse services services got worse test scores got worse crime yeah enforcement got worse where's it going they let convicts out of jails everything's gotten worse where's the money going sacks say the word it's going to these government worker unions who have accumulated too much political power look

David Sacks: you go all the way back to fdr and he was opposed to you even though he was a for unions he was opposed to government workers unions because he thought they would accumulate too much political power and they elect the politicians and then the politicians are the ones paying them so they just end up

SPEAKER_240: extracting more and more and more iteratively with every election cycle it's the same as an

SPEAKER_144: antitrust monopoly in a corporation it's the same ultimate dynamics as having a monopoly in private

SPEAKER_74: industry in corporations it basically gives you a monopoly on political power and it gives you the ability to monopolize assets and that's effectively where we are now they're at the point where one union is saying i'm going to take the assets a hundred billion dollars of assets from a small minority

David Sacks: of people in the state the reality is that a lot of it is the pension obligations you can work for the state for 20 years retire in your 40s and you basically what you get like 90 percent it's gotta go

SPEAKER_298: your your way for the rest of your life it doesn't work it doesn't pencil out it's gotta end they use your

SPEAKER_292: last year's w-2 so you stuff it with overtime your last year and you end up retiring with like 150

David Sacks: of your annual salary for life it doesn't even apply to your spouse too but this was the promise

SPEAKER_144: that was given in order to get the votes that have gotten us to the point we're at today because that is

SPEAKER_74: how the unions operate right it is a system that drives political influence by making these sorts of

SPEAKER_38: benefits law and brings them to bear if the average retirement age is 50 and your lifespan is 80 like

SPEAKER_302: this is way this is not how it was intended people used to get these at 60 and they would die at 68 it

SPEAKER_212: was like let's say you start working for the state at 22 and you can retire at 42 actually what a lot of

David Sacks: people do is they'll go then take a second government job and they'll stack a second pension but yeah you could retire at 42. can you do that if you stuff yeah you can stuff it with overtime and and i think it applies to your spouse as well just fact check me on that but i know i'm aware of it in new york

SPEAKER_68: where a little bit of this stopping on the margins do does occur i've heard i'm not against police officers

David Sacks: and teachers and and people getting reasonable you you need to do superannuation funds you have to

SPEAKER_37: have people buying into the market over time and the government shouldn't be managing this it's just the government is terrible at whatever it does and there's too much for them to do let it stand alone take it out carve it out you're you're forced to put 12 into this or your employer puts a little bit into it and then we'd have a very happy society more participation in the market would solve so many problems okay i just want to hit one last topic congratulations to greenland on accepting a very generous offer from president trump we welcome you as the 51st state maybe that'll be happening any day now u.s officials met with reps from denmark and greenland at the white house on wednesday to discuss how the u.s could take control of greenland this has been something trump's been talking about for years and remember my rule number one of president trump he says a lot of things one way or another we're going to get it march 4th 2025 i need it for psychological reasons to actually own it 2021 he said that we're going to do something with greenland either the nice way or the more difficult way january

SPEAKER_79: 9 2026 denmark doesn't seem to want to play ball they say they have a bundle fundamental disagreement about this that being said there's only 50 000 people there and it's a poly market's got it a 17 chance that we acquire it which is significant as a starting point 50 000 people getting a half million or a million dollars each would probably be a pretty good deal it's a very strategic piece of land if you look at what's happening with the ice caps melting sacks and russia positioning a lot of their ships up in the arctic there's a pretty clean shot going past greenland to the northeast of america so maybe you could just talk about why this is and again you're not speaking for the administration

SPEAKER_307: it's not your lane but why is greenland so important well it is becoming more significant

SPEAKER_10: from a national security standpoint as those arctic ices melt and you have new shipping lanes that have opened up so it is important on on that dimension but look american politicians have wanted to acquire

David Sacks: greenland for a long time the great secretary of state william seward wanted to acquire it he acquired alaska he wanted to get greenland to was unable to make that deal but fdr and truman both were interested in acquiring greenland that didn't work out obviously so this is a an old idea that's new again thanks to president trump i think he makes a great point why does it belong to the danes you know it's a small country in europe it's not part of north america and i think if we can acquire it for national security reasons and resource reasons we should and i think the odds of him pulling this off are much greater than 17 percent chamath or freeberg you have any thoughts on

SPEAKER_308: the 51st state i don't know anything about it well they don't have to become a state to be clear

SPEAKER_310: yeah i mean territory whatever it is yeah it could be like a country club whatever it's important that we

David Sacks: can get memberships this is a huge piece of real estate in the western hemisphere it doesn't really make a ton of sense for denmark to own it it makes a lot more sense for it to be part of the u.s and we're willing to pay for it and i think that we can make them an offer that they can't refuse

SPEAKER_316: absolutely and it has we're gonna send luca brazi over there luca brazi

SPEAKER_37: it's got a lot of railroad minerals there's a lot of oil offshore their big export now is is fish obviously but this has lots of potential freeberg in terms of the resources and um yeah why not get it done trump loves real estate we got him for another three years i say let president trump cook and if he wants to buy some other land i'm here for it i love building the empire this is my favorite trump freeberg you love this trump or not the old adage

SPEAKER_74: is there's always a deal there's always a price except when you're negotiating with government so i don't know how that's going to go my understanding my experience is that they do not want to deal they're not interested there's a whole bunch of national pride associated with that you can't break national pride as we know as patriots of america it is very hard to fight national pride i don't know if the economics are really going to play out but security guarantees maybe other benefits for the the great kingdom of denmark there could be a strong alliance and partnership for the united

David Sacks: states i think it could be important for the u.s to have a new frontier you know maybe what we can do is send all these progressive socialists off to greenland to tame this new frontier i want to go yeah send mondami there they get that we need that we need that spirit of the frontier of cowboys of

SPEAKER_327: exploration yes that mondami seems like a very resilient gritty guy he'll come with his whole crew the socialist roe kanna let him set up there let's see what the idea of having what's called a freedom

SPEAKER_74: province or freedom state or freedom city economic free zone yeah yeah and and i do think if we if we are looking down the barrel of socialism in the united states which i think socially leads to a destruction of individual liberties and a degradation of the social fabric in america before that happens it's important that those who are on the other side and before they get overwhelmed with the votes and the elected officials that will fight against them before this all happens it's important to think about carving out a legal territory and that legal territory should allow for the resurrection of the great american union of the great american spirit and we should find a place within our sphere of influence before we get overwhelmed to set something up it's called texas dude it's

SPEAKER_331: called texas remember the alamo we're making our last stand here absolutely the 50 calibers are up

SPEAKER_223: on the ranch i think it would be helpful to get something that's that's federally set up sacks that

SPEAKER_74: you could have like untouchable legislation that says this is not to be touched this pioneering

SPEAKER_336: whatever it is join the militia we got a militia and maybe greenland is the place but it's something

SPEAKER_74: that feels it's got to be something that feels difficult something that feels open something that feels a little bit untouched and it's regionally encased with a set of legislated things like guam or puerto rico or something where you set set it up and you're like look this is untouchable it takes a a big action to change it something where people can have protection against the uh the socialist milieu

David Sacks: that's all the way you know it is kind of interesting as i remember from my high school history i think the frontier was officially over at by 1910 i think that was meaning every longitude basically had been fully explore every latitude and longitude had been sort of settled and that is when the progressive era kind of began and i do kind of wonder whether the frontier was this like escape valve for pressure that builds up you know resentments that build up in the economy people could always just go west and become pioneers and find new territory that's right and in a way that's what america was for europe right i mean europe was sort of this overcrowded place it was oppressive and people just left that they could opt out by going to america and settling over in what would become the united states and i kind of wonder whether maybe we need something like that again and by the way all the

SPEAKER_292: discontents you're right become democratic socialist of america and for a while the digital frontier

SPEAKER_74: became that escape valve but now that's being shut off and it's being closed down and the place where it's been run from is being subjugated to the socialist so the question is what's next i think

David Sacks: it's a very good question well the problem is that the the socialists they're not explorers they're not pioneers they don't create anything they're not builders what they are is they're really good at hijacking existing institutions and that's what they do is they take things that were created by great people and they subvert them and they seize control and that's what they're going for is total control all right first in california and then in washington but i do wonder whether the existence of some sort of release valve might defer that day right because you get less pressure building up in

SPEAKER_79: the system yeah all right another amazing episode and just want to give a shout out schmoff did an amazing interview with my guy howard lutnik that was fun huh that was awesome he's awesome yeah i'm

SPEAKER_68: really impressed by him and freeberg on a bit of a heater here today we dropped an incredible interview

SPEAKER_79: with fda commissioner marty mccary am i pronouncing correctly mccary great job there and uh also your you got to hang out with your childhood hero we grew up on howard stern on the east coast but you grew up

SPEAKER_349: with adam corolla and you got to interview him you were fanboy fangirling a little bit there at the

SPEAKER_208: start weren't you well it was great i'd never met him so it was great to interview him i mean he has

SPEAKER_74: a lot of interesting ideas i got a lot of texts about his uh coined term gyno fascism which i think

SPEAKER_354: some people explain to the audience watch watch the interview okay watch the interview we don't want to

SPEAKER_353: get a he was great you had to see the start of this interview javon freeberg's like oh mr corolla

SPEAKER_355: i used to watch you and dr drew uh talking on love line and it really was formative in my years as a broadcaster and now i too am a broadcaster it was really cute it was really cute i never said i'm

SPEAKER_358: a broadcaster i would never you were like i would never i would never degrade myself like that

SPEAKER_166: i actually am doing random acts of broadcasting the sun never stops on the all-in empire and i also did a a fun ces interview with the ceo of mckenzie bob sternfels and uh hemont from general

SPEAKER_79: catalyst and uh that's up on the feed so four four one two three four interview shows waiting for you in

SPEAKER_111: your feet and to the mainstream media trying to keep up with this gfy gfy good for you have fun

SPEAKER_125: trying guys believe that jake has been invited to davos i can't wait to see this i'm bringing my

SPEAKER_39: acoustic guitar i'm gonna tear it up we're gonna have fun did you guys see me rage bait twitter two

SPEAKER_49: days ago what do you know what did you do i put this thing where you showed your legs no remember when we did the interview at the all-in summit where talsy talked about the obama documents yeah well this guy did a rant i thought the rant was great but i just retweeted it and people lost their mind basically why he was calling for obama's arrest oh god oh gosh i said very casually gosh this is a really underreported oh i saw that one i was wondering who that guy was though i'm like

SPEAKER_379: oh didn't that make you take it down no it's still up there still up there wait who is who is that

SPEAKER_383: streamer i don't know who he is it could be i saying obama could be yeah yeah i don't i think he's he said he met did you guys watch nick shirley's new video oh no he goes looking for

SPEAKER_144: check this out there's these transportation companies they get 10 million dollars a day in

SPEAKER_74: minnesota a day a day for non-emergency medical transportation so the state will pay if you transport someone that's autistic to target to get them groceries 50 bucks a ride and there's a website

SPEAKER_144: where the transportation company gets to log into the website and they're registered as one of the transportation companies and they're like i took someone from this place to target and you get and you fill out all these forms and then you get a check immediately on the it's a trust system they never investigate they don't audit they don't check nothing so nick shirley starts going around looking for the transportation companies and it's like a liquor store he's like where's the where's the transportation company liquor store guys like there's no transportation here it's like uh you know a burrito place like a deli like all of these places transportation companies tens of millions of dollars a week just being given out and by the way this is not a race thing it does no one any good to cast this as being a somali thing and that i think is what's getting everyone in trouble no and by the way it's what shuts off a lot of people to actually being able to look at the fraud and it's not about the somali people it's about the fact that fraud is allowed by the government and it's about the fact that the government either is implicit or complicit in this fraud and i think that that's what people need to pay attention to and and ignore all of the rattlings about what community or what group or who's doing it and just focus on the fact that the government lets this happen if you think about the state of california spending 350 billion dollars a year and you ask yourself the question are those government agencies and the agents in those agencies doing their job of making sure that there's no fraud taking place there is no way anyone's going to raise their hand and say yes they're great fiduciaries of taxpayer money and that's what we should all be paying attention to and get out of the political divide on all this and the racism and all the focus on the fact that the government does this all right everybody another

SPEAKER_166: amazing all in episodes thanks thank you for tuning in uh like oh by the way guys we hit a million subs on uh youtube they sent me a gorgeous plaque i'm putting it up in my office it's amazing and uh they sent the million plaque it's it's great all the team autographed it and uh really nice note yeah

SPEAKER_172: can i say something yeah you're welcome you're welcome

SPEAKER_414: all right see you at davos kumbaya davos we'll see you there