#688: The Housing Crisis Neither Party Wants to Solve with Mark Mitchell

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
You've had a dynamic where money has become freer than free.

(00:10):
You talk about a Fed just gone nuts.
All the central banks going nuts.
So it's all acting like safe haven.
I believe that in a world where central bankers are tripping over themselves to devalue their
currency, Bitcoin wins.
In the world of fiat currencies, Bitcoin is the victor.
I mean, that's part of the bull case for Bitcoin.

(00:31):
If you're not paying attention, you probably should be.
Mark Mitchell, we're cooked.
Yeah, I think so. I think that's the diagnosis. We're freaking cooked.
You know, here we are with the middle class being hollowed out, all of America's jobs being sent overseas.

(00:51):
the most pro H1B person on the planet, Elon Musk, screaming at people to procreate while giving away the salaries that they need to do it to the rest of the world.
And a White House that's putting out tweets about how they stopped inflation when the American dream was shipped overseas.
It's like, you know, I gave them that message at the White House.

(01:13):
Like you'd probably need to actually address the underlying fundamental issues and actually explain to people how the Republican Party can fix that.
Or we're all going to be socialists.
And right now it looks like it's the socialist thing.
So.
Well, since you mentioned, I didn't know if you were willing to talk about it, but we were supposed to record last week.
But you had an emergency trip to the White House to try to talk some sense to the administration because over the last few months specifically.

(01:42):
But even last year during the election, I think that's when I found you'd started following you more closely.
it seems like you have your finger on the pulse of the sentiment,
particularly in younger generations.
And that's one thing that I like how you phrase it,
like polling Rasmussen.
You don't understand what everyone is thinking.

(02:04):
It's like, why are they actually thinking it?
And I think over the last month,
particularly with your crusade on X sharing the DMs
that you've been receiving from younger generations,
It's really highlighted why the sentiment has collapsed for this particular administration.
Yeah.
Yeah.
I mean, we're at the end of the fourth turning and we can get into what that is for people

(02:27):
who don't know what it is.
But basically, in my opinion, all of our institutions have been corrupted.
Society is fraying.
People are increasingly divisive.
They don't understand what the problems are.
And unfortunately, for our politicians who have to solve those problems, you kind of
have to have your head on a swivel and be smart about what people are saying beneath the numbers.

(02:48):
Just to step back, though, like we're often slandered as being right wing or Republican
pollsters. I'm an independent pollster, which means that I'm not on the payroll of either party.
And I'm just looking out for the voters. And what's weird is that we're pretty much like the
only people in the political industry who are doing that. Like literally everybody has a lobbyist,
except for the people, the think tanks and the parties are supposed to be that,

(03:11):
but they've been completely corrupted by special interests. And so when a White House asks me to
come to the Oval Office to talk about economic messaging, that's a pretty big deal because that's
like actually a lobbyist for the people being able to go down there. And they can't fire me.
They can't cut off my business because they never paid me anything. And it's like, I've been doing

(03:32):
this honest polling as a charity. The rest of the industry is really hopelessly corrupt. Like
Rich Barris is good. Trafalgar, Matt Towery are good. That's basically it. Everybody else is
just shilling for special interests in the establishment. And, you know, polling gets
misused to protect things like the H-1B program, which has been one of the boots on the throats of
the American people. So I went down there and, you know, I think part of it is because sort of

(03:56):
JD gets all this. And I think Trump does too, but he's surrounded by all of the same kind of people.
You know what I mean? It's like his donors, Fox News talking heads. And it's wild that there seems
to be such a dividing line in the polling at the age 50, where under 50 people just totally think

(04:18):
differently than people above 50. And it's partly news consumption. It's partly this generational
divide between the values that people were grown up with. But the under 50 people are going to win.
It's just a matter of time. And so you see a lot of like rebelling against the old ways of doing
things. I think Israel is a very good example because the younger voters completely on opposite

(04:41):
and ends of the spectrum than the older voters. And unfortunately, Trump is surrounded by a lot
of older interests, billionaires, you know, traditional Republicans, all the think tanks
that have been in DC that have done things a certain way for decades. And Sean Hannity,
you know, Mark Levin, like Lindsey Graham, these are the voices in his ear. And they're,

(05:02):
I think they know that and they're trying to get other voices in like Charlie Kirk,
I think was a big influence. But unfortunately, you know, in Trump one, kind of the way they did
things was to throw things at a wall and see what sticks. Well, we're 10 years farther down the late
stage capitalist timeline and it's the music starting to stop. Like there we do, we need much

(05:22):
more aggressive fixes. And like I said, you know, I think that the Democrats at least have a product
offering. They're all offering is democratic socialism. Republicans are still trying to like
sell you sort of like glammed up Mitt Romney.
Trickle down.
It's going to happen.
Yeah, exactly.
Yeah, totally.
We're going to cut taxes on these major corporations.

(05:44):
And trust me, bro, it'll make your life better.
Yeah.
This is perplexing considering this.
I mean, 2016, I was 25 at the time in the lead up to that election.
And obviously 2020 happened in four years of Biden.
And then last year's election and my observation of Trump over the last decade, it seems that one of his strong points is that he's had his finger on the pulse of the zeitgeist, especially when campaigning.

(06:15):
And in Trump one, I think that was the biggest disappointment as he got in the office and sort of lost touch with the zeitgeist.
And I think a lot of people are feeling miffed this time around because it was like, OK, round two campaigning still has its finger on the Zyke.
It's going to be different this time.
There's going to be new people in there.

(06:35):
But meet the new boss, same as the old boss.
We got fooled again.
Yeah, yeah.
All the all the groopers are passing around that fell for it again.
Meme, you know, I mean, it's it is kind of like that.
And, you know, I can't blame it all on him.
So back in Trump one, again, the bar was a lot lower and Hillary Clinton was a terrible candidate and the system didn't suck as bad for everybody.

(07:00):
Like there hadn't been 10 years of like literally DEI discrimination in the workplace.
Ten years of offshoring has done a lot.
The post-COVID economy was is really bad.
And then on the cherry on top, obviously, was the Biden inflation.
I feel like the Biden administration was kind of like, you know, at the end of the Roman Empire where they plunder the treasury.
That's kind of what like the Biden administration probably was.

(07:24):
And so everybody hated Biden.
It was wild that we went through this period of mass formation where Biden really did, despite the fraud, turn out a lot of voters.
He got a lot of people interested in politics because they thought that Trump was the chaos and that the system and the adults can be put back in charge and restore order.
Like fundamentally, my thesis is that people just want order.
And so what was wild to see Trump, who was down in our polls, like six points nationally, to then less than a year later, be winning by 10, like a 16 point swing in politics is unbelievable.

(07:57):
And so that was a complete collapse in trust for the institutions.
Everybody thought that Biden was going to save him.
It was a complete rickroll.
And, you know, there were chanting in stadiums, FJB, like just a year later.
And so now the Biden administration was so bad, like you had the mandates, you had all the discrimination, you had the big bailout bills, you had all the blatant and obvious corruption, the censorship, like it was really bad.

(08:25):
And then Trump basically wins on blowback for that.
Like he didn't really have a unified message.
It was like, hey, we're going to fix the border crisis and some other things.
And then he got shot and he's like, fight, fight, fight.
And everybody's like, yeah, that's my guy.
But there was never really this like fight, fight, fight for what? If you like you go back and look at Mike Johnson's like transcripts from early November last year. And it was like, we're going to get gas prices down and get wokeness out of the schools. And it wasn't like there was no unified like now we're going to deliver on X. And here we are a year later and everybody's like, well, why wasn't X delivered on?

(09:00):
Well, it's like, that's a good question. But the Republican Party wasn't there again to fill that vacuum with product offering. They just they've it's the conservatives. They've conserved nothing. And now they're trying to conserve conservatism. But in my opinion, conservatism is almost like a luxury belief at this point. It's like, what is that really what we're going to do? We're just going to keep like praying to free market capitalism and hope that this time it'll finally fix it all.

(09:27):
no, they're, you know, we've been through the offshoring layoffs. Then we went through the
H1B layoffs. Well, the AI layoffs are coming. And so if you can't solve that problem, then
people are literally going to vote for universal basic income. I've done the polling and everybody
in Washington, DC is like, Oh, under 40 voters are so conservative. We're finally winning on the

(09:50):
ideals. Like, no, you're going to lose. They, even the ones that voted for Trump are socialists.
They just they just want order. They just want their problems fixed. And they are totally happy with voting with Mondami because you said you were going to burn the system down and they saw what you were doing with Doge. They liked it. And then you rug pulled them. There's another rug pull.
and it's funny too because the sort of vision they're painting and really leaning into is the

(10:19):
ai revolution which i'm a technologist i use ai i think there is something there but to your point
i think the reckoning with the disruption to the job market that's going to bring
is completely necessary there has to be a conversation has to be done tactfully
but as we earlier this week the genesis project was laid out it's like okay we're going to double

(10:40):
down on this and then on top of that you already have leaders of the ai industry and even the ai
czar crypto and ars are david sachs basically alluding to the fact that this is going to be
backstopped by the government and so we're going to fund your replacement
and they wonder why their economic messaging isn't doing great

(11:03):
It's like people can't afford things.
And you're saying, well, you know, look at this boom of investment.
We're going to be the future of AI.
And everybody's like, well, you're just going to take our jobs.
Like my taxpayer money is funding the thing that will kill me.
And I don't think people want universal basic income.
I don't think people want to live in the pods and eat the bugs.

(11:23):
But it's like, again, there's no product offering at all.
And it's like Trump is leaning into I said these words to him.
I said a lot to him, but one of the things that I definitely underscored was like, there is an oligarchy here. It's in charge and not everybody knows it, but they feel these forces. And there's a lot of opportunity to smash the oligarchy instead of like being surrounded by it and being a part of it.

(11:47):
And I think that that again, we're in a point where I don't think there's any easy answers,
but people hate big businesses even more than they hate the government.
And Donald Trump won because people hate the government.
It's not, it was not Kamala Harris.
It was Biden's government.
And the fact that trust in the federal government got down to only 30%.
Kamala Harris had 49% trust.

(12:07):
You know, she won the vote of half the country, 30% trust in the government.
And she was the government candidate.
And so they voted for Trump and Trump's like, okay, cool.
well, now I'm the government guy.
And, you know, I don't know.
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big business, I mean, I think this is the issue of the year, starting with Christmas Eve last year.

(14:29):
when Vivek put out that thread and then Elon sort of popped on it as well,
really engendering the spirit of this is a good thing.
We need to lean into this.
Americans are stupid and lazy.
And I think that's been one of the most astonishing things that I've seen on
your X account over the last three weeks is the amount of DMS from people that

(14:52):
have been affected by this policy,
which is big business basically using this loophole to import cheap indentured slave labor essentially
and not only that but the the whole idea that the talent doesn't exist here in america we need to
import it i think is objectively false the end products that come out these companies are

(15:14):
typically way worse than they were before this program existed yeah i should tweet something
about that. I mean, I came out of the tech industry most recently and I worked at a big
corporate gig at, well, I worked at jet.com, which got acquired by Walmart. And so I worked
in Walmart e-commerce and objectively the cultural aspects of the Indian engineering that they import

(15:36):
create significant amounts of customer friction. This is a high power distance culture where
problems are buried because nobody wants to get fired. And my job was to unbury the problems.
And they were if you've ordered on Walmart and your orders got messed up, they sent you the wrong item.
It got lost. It's blah, blah, blah.
There's a four or five chance that it was because of technology problems caused by legacy systems and bad engineering and low quality control.

(16:03):
And that's happening, I think, at every major Fortune 500.
And systematically, this is like part of the political calculus that I think most people under 40 fundamentally know and that everybody in D.C. is just like completely retarded on.
And so if you look at H-1Bs, the program is actually really popular.

(16:24):
People love the H-1B program.
It's like 65 to 30 or something like that.
And that's because I think fundamentally people are still like sort of coded to like immigration and they like the idea of taking talent from other countries.
But then if you ask them, well, OK, do corporations really need this talent or are the corporations gaming it?

(16:45):
And people are like, oh, they're probably gaming it.
Last time we checked, it was 48 to 38, I think.
And then if you give them the Laura Ingraham quote that we have the talent and we don't need to flood the country with labor from everywhere else, they're like, hell yeah.
we don't do that like two to one. So the problem in DC is that they'll just take the headline that
everybody loves the H1B program because it allows them to like help their corporate interests.

(17:08):
They can say, Hey, like I can help you out. We'll do this. And the corporations do this.
And it's so much more pervasive. So you have all these people where there's real high severity
because they had to train their own replacement. But then it's even worse because it's like this
boot of discrimination on everybody's throat. Um, people don't talk about this a lot. The H1B
in my opinion, a lot of it isn't just the lower wages. It isn't just the subservient workforce

(17:34):
because you're holding, you know, going back to your country over people's heads.
I think it's also used in order to lower blended healthcare costs for these employer plans.
Because if you want to replace the old people with the young people, well, it helps to have
a bottomless well of young people. And they don't even do the math that I like Walmart's,

(17:55):
I think Walmart's engineering is over 60% foreign national now.
Biggest company in the US by revenue and over 60%.
And that's a national security threat.
If you think about it too, this is happening at Google.
It's happening at Amazon.
It's happening at Microsoft.
It's happening at most of the banking industries have given their technology over to the rest of the country.

(18:17):
And the Republicans are like, sweet, this is great.
My donors love it.
And again, it's a popular program.
But anybody who's touched it, who's tried to get a resume through an HR Karen, like just knows that this is manipulated.
These people lie on resumes.
And then and so when Trump comes out and he uses billionaire talking points to defend the program.

(18:39):
That's like the biggest failure of not understanding the core base and their needs.
And unfortunately for them, they don't like to acknowledge the fact that a lot of their core base is young men under 40 who have been the doormat of society for the last 10 years.
They've literally been pariahs of the, they've been political pariahs and the Republican
party won't embrace those people.

(18:59):
They'll turn their backs on those people because of like some stuff about Israel.
And it's like, that's the problem.
Like you're going to, you're going to lose.
There's going to be major political upheaval because these people are still being driven
to extremist situations.
And, uh, you know, you talked about the horseshoe, the horseshoe theory of politics is a real

(19:21):
thing.
On the right, this one's wild. It'll blow your mind. We've polled a lot about voters under 40. And in the last set, we asked people, well, you know, AI is getting more advanced and people are frustrated with government. Would you support giving control of government, governance and lawmaking in the United States to an advanced artificial intelligence?

(19:42):
And it was like 41 to 50, I think. But the people who supported it most were conservatives,
under 40 conservatives were like, yes, please put us out of our misery. Just let the AI take over.
We had another question about would you give control of the military to AI?
And under 40 conservatives are like, yep, by a plurality that they're like, let's build Skynet.

(20:04):
Let's just get it over with. It's just wild. And these people and they're being completely ignored.
They're, oh, it's just a couple of Groypers.
Like, no, there's about five to 10 million of them.
And they were the initial core of the reason Trump got elected in 2016.
But like, and again, this is just wild because like anybody who watches Asmongold or like
the shoe on head, just put a really great video out.

(20:25):
Like anybody on the internet, like fundamentally kind of gets this.
And every single human I've talked to in Washington, DC just has no idea at all.
It's, it's just a disconnect is so bleak.
They are not serving the people.
were they shocked when you were bringing them this information?
So I had, well, I went down there, I co-hosted a war room and then I had like three meetings.

(20:52):
So I did the white house and literally nothing I said was anything that was a surprise to JD Vance.
So that was good. Uh, like he gets it. He, he was the one that's trying to bring more voices in.
And I think Trump gets a lot of it too, but again, he's surrounded by Fox news,
talking heads and billionaires. And then I went to the RNC and I wasn't there long. Joe Grutter

(21:14):
seems like a nice guy. I was told that Joe Grutter is more of like a MAGA loyalist than prior people
were there. But the organization itself just seemed kind of like out of touch. Like I got this very,
Hey, we have the right message and we have the right set of values. So we just need to vote
harder. And it's like, no, no, you're going to lose. And then I went to the Capitol Partnership

(21:39):
Institute, Conservative Partnership Institute. It was like a nonprofit think tank. I think it's
Mark Meadows set it up. And the idea is to like, take the youth Republican staffers and feed them
into this hopper of like true conservatism, I guess. And this is so there was like about 40 people
in their, in their twenties, mostly who are supposed to be like the core conservative in

(22:03):
Washington, DC. And I feel like they really wanted to hear my message. I spoke a lot about
the fourth turning about burning, burn it down politics about how the right is outclassed and
how long-term everybody's wants to go socially, blah, blah, blah. And they were open and receptive
to my conversation, but I could tell they hadn't really heard it very much. And none of them are

(22:23):
fighting the info war that none of these people are on the internet at all. They're super, super
like afraid that they'll say something that will get back to them in a Senate confirmation hearing
or something. So like even the conservative in Washington, DC doesn't really necessarily
represent and, and, and conservative in Washington, DC really still does mean this like economic

(22:46):
libertarian, uh, social conservative aspect that is an offshoot of like old heritage foundation and
stuff like that. So like they're changing, they're trying to change. I think I can see the initial
steps, but it's just so glacial when it's up against a very smart and unified machine.

(23:08):
I think the Democrats are starting to realize that they, they can actually win without being
insane. Like, I don't know why they were ever like that, but you know, like that's, I hate to
be kind of reductive with a lot of this stuff, but I think the polling backs it up is that the
Democrats really will just win by not being retarded. If they stopped backing the climate

(23:28):
change stuff so hard, they stopped with all the gay stuff and literally were just like,
hey, kitchen table stuff. Maybe it wasn't smart to try to say we should defund the police.
They would just win because they have a brand advantage. They control the institutions and
government. They're actually positioned in many ways to deliver better than the Republican Party
is because the Republican Party is just completely ceded control to the Democrats. And obviously,

(23:52):
the Democrats have done it by like, you know, arbitraging taxpayer money into NGOs and centralizing
everything and having a ubiquitous message and punishing people that didn't toe the line.
But that's the problem is that the right is like completely, it's like herding cats to
get anything done.
It's just complete asymmetry where the left is this just organized machine that again,

(24:18):
I don't know why it's been as weird as it has, but it I think it's going to learn from that.
And you just look, they're embracing their youth movement and the Republicans aren't.
Democrats are becoming increasingly socialist and Republicans are very conservative.
But what you know what I mean?
Like the socialist wing of the Democratic Party is their youth movement and it's being leaned into.

(24:41):
They're starting to get that now.
Like Chuck Schumer is the old way.
He's going to go away.
Nancy Pelosi is gone.
it's going to be like the squad and mum Donnie.
It's going to be people like that.
It's going to end to be honest with you.
When I've done the head to heads,
JD Vance pulls very well.
The only person,
and it was a couple of months ago,
but the only person that ever beat him in a matchup so far,

(25:03):
Bernie Sanders.
So,
and driven entirely by his name recognition with the youth because they think
that he will change things.
So I think JD Vance has a good message too.
Again, the problem is, is that it's not the message of the Republican Party.
No.
And to your point about the Democrats, if they wise up and distill everything to kitchen table politics,

(25:26):
if you just look at Mom Donnie's campaign, particularly the social media aspect of it,
and they're able to apply that to whoever they want within the party, it's going to be game over.
If they can apply that kitchen table Democratic politic in the way in which Mom Donnie did on TikTok
and all the social platforms.

(25:46):
It's not going to end well.
Yeah, it's just really weird.
And the right is like fiddling on the Titanic
because they'll pound their chests about conservatism
and traditional values and individualism
and like all this stuff, right?
We asked the question,
what's better, capitalism or socialism?

(26:09):
And everybody says capitalism still, even under 40.
They say, yeah, capitalism is obviously a better system. And then the under 40 Trump voters, three quarters of them want to nationalize major industries. Almost 60 percent of them want excess wealth confiscation. You know what I mean? So it's like they like capitalism. They just they know we don't have it. And so, of course, they're going to vote for a Democrat socialist. Like, why wouldn't you? Let's try something new. Old way isn't working. Let's try something new.

(26:38):
and like all of DC is just going to be blindsided by this major political shift.
Like, I think there's a very big age aspect. It's probably even worse than the Republican party.
But when you look at everybody in Congress and the Senate, 60% of them are boomers and only 14%
of them are millennials. So that number is going to change over the next 10 years, a lot, like a
lot. Boomers is probably going to be down to like 30%. Millennials is probably going to be up to like

(27:02):
40, 45. Then you throw the zoomers in there, they're going to get pretty close to half soon.
So you're going to see things like a whole nother look at social safety nets.
So when you bring these things up online it really fascinating in my opinion And this gets back to the fourth turning stuff is like when you look at the responses in the arguments it very easy to spot a boomer response

(27:30):
And unfortunately, the Republican Party is basically the boomer party,
very much still controlled by those types of people. And what they say about the under 40s is,
well, they just need to work as hard as I did, or they need to like walk their resume up to the
the boss and hand it to him personally, because that worked for me back in 1972.

(27:51):
Why can't they just move to a different town?
Or maybe they need to take on another job or while, you know,
just stop taking the medication and maybe you won't be so crazy.
You know what I mean? It's like, it's like that kind of thing.
And I see it all the time and I try and push back and it's like, you know,
you're not helping, you're not helping. Well, it was tough for us.

(28:13):
You know what I mean? We, here's the one that gets me. It's like, well, you know,
I paid into social security and it's like, okay,
but these people aren't going to have social security and they're still paying
for yours. So I wouldn't talk about your social security check.
I would pretend that like, it doesn't just be quiet about that. You know,
have you heard about the day of the pillow?

(28:35):
I have heard people tweeting about, but I haven't dove into it.
it's like 4chan green text lore uh that millennials apparently have and i'm like i'm like right on the
edge between x and millennial so i'm a zennial i kind of call myself like switzerland in this
whole thing like i don't have a side but the 4chan text was about how all of these boomers that had

(29:00):
like a really really great run in america you know and they'll say they didn't but they did
They really did. They grew up in a great time. They had a really great corporate experience.
You know, sure, some of them got sent to NOM. That was bad. But they got to experience like
the good parts of society fraying, which is like, you know, breaking out and experiencing all this
new stuff and not really any of the bad parts. And they're going to get the full. They're going

(29:25):
to get the full social safety net treatment. They're getting the best that Medicare, Medicaid,
and Social Security has to offer. Great retirements, awesome health care. Think about
the healthcare technology boom that's going to extend the life of boomers that our country can't
afford to supply to the millennials and Gen Z. And they'll say, well, I paid this. So the green

(29:51):
text is basically about all these boomers sitting around in nursing homes that are going to be
staffed with legal aliens that the boomers brought in. And some immigrant who has no ties to the
country and no financial future who finally just puts a pillow over their face. It's really dark
in the, uh, in the home, you know, after they strip mind America, but you know, again, it's dark,

(30:16):
but what's that has morphed into is that there will come a time in the next 10 to 15 years where
the zoomers and millennials will have the political power to, to shut off the social safety nets or
make a major change or redistribute wealth or whatever. And we're kind of on that cusp now
because in the white house, for instance, you know, housing market is a crisis, crisis levels.

(30:40):
They say it's a crisis in the polling, the, the under 40 voters, like 75% said it was a crisis.
Only it's only in the teens that said no. And most of them think they'll never be able to like
get a house. And then that's backed up by the data. The national association of realtors put
out the first time home buyer chart went above 40 for the very first time, like right on election

(31:01):
day. And it's just shooting up. So basically right now our real estate markets, it's just boomers
selling houses to boomers. And, you know, I go to the white house and I say, well, you got to stop
talking about like Turkey because people can't afford a house to put the Turkey in. And he's
like, well, yeah, you know, but a lot of people, a lot of people really are worried about those

(31:22):
home values and they want to keep them up. I'm like, well, yeah, I agree with you, but you need
to get the vote of the under 40s and the housing market is a deal breaker for them. And so I said,
like what would have maybe been prudent is a controlled detonation in the housing market.
And that would have actually been a wealth transfer. It would have been a generational
wealth transfer. It would have destroyed the paper gains on boomer balance sheets and transferred

(31:49):
like, you know, assets that the whole new generation could grow into. And that's not
even on the radar. Like that, that's not even, and it's because you put Bill Pulte in charge of
housing, you put bankers in charge of banking and like the Bill Pulte plan. It's a joke.
Your mortgage is insulting. It was like Jamie Dimon and the like home builder lobby built the

(32:14):
best plan to not only is it not a solution, it makes things worse. So it increases demand for
housing without increasing supply. We all know what happens when you do that, right? Pricing goes
up even better, which is better for who's that better for bankers, home builders, investors,
and boomers. And then the people, the zoomers that do get into the market are going to be

(32:37):
buying in at the peak, helping a boomer cash out, right? And then saddling them with 50 years of
being underwater, right? And, and then they're going to pay more interest to the banks, like
literally everybody wins, but the under 40 voter and Bill Pulte might be a nice guy, but like,
you should fire that guy. Like that was dumb. And you like, you had one shot to do this right. And

(33:00):
again, you got to smash the oligarchy, not be the oligarchy. And, and, and, and I think most people
don't understand the deeper problems here, but when the entire internet is laughing at you,
like there's, there's a problem. And I mean, the memetic framing of it alone,
You have Trump next to FDR.

(33:21):
It's like, hey, buddy, don't you realize that that was the guy that incited all this welfare state nonsense that we have to put up with today?
That's right.
And you know what Mom Donnie is going to be if they, you know, wave the magic wand and find out he has a birth certificate from like Des Moines or something?
What they're going to what they're going to do with that guy is try and make him into the next FDR, which is even more ironic.

(33:44):
Right.
And I mean, I was even taking my swipes at it.
I said Trump's plan for affordability was the was three year loans for turkeys for Thanksgiving with no money down three year loans for the turkey.
And people were like, I don't know, I might have to trade down to a chicken this year.
It's like it's so I mean, it's like a private deal with after pay.

(34:09):
Don't worry. We're going to get you the best rates.
It's no.
Except freaks. Been seeing a lot of YouTube comments.
Marty, your skin looks so good.
you're looking fit these days how are you doing it well number one I'm going to the gym more
trying to get my swell on trying to be a good example for my young son's a fit
healthy dad but part of that is having a good regimen particularly staying hydrated making sure

(34:33):
I have the right electrolytes and salts in my body that is why I use salt of the earth I drink
probably three of these a day with one packet of salt the earth I'm like in the pink lemonade right
now. It's my flavor of choice. This is their creatine. I've added this to my regimen. They
have it in these packets as well. Makes it extremely convenient if you're traveling. You

(34:55):
want to work out while you're traveling, but you don't want to be carrying a white bag of powder
going through TSA. It's very, very nerve wracking at times. You have to explain hates. It's not what
you think it is. It's creatine. I'm trying to get my swell on. Make sure you're staying hydrated.
I have become addicted to these
it's made my life
a lot better

(35:15):
I can supplement this for coffee in the morning
and be energized right away
I can supplement
I can bring the koreatine wherever I need to
just put a couple packets in here
before I head to the gym
bring this to the gym
drink out of a glass bottle
make sure I'm not injecting any microplastics
into my body
go to drinksauté.com
use the code TFTC

(35:36):
and you'll get 15% off anything in the store
that's drinksauté
dot com code TFTC. All this. And like I said, before we hit record, it's as a millennial in
my mid thirties, young family about to buy my first house. And I'm fortunate that I'm going
to be able to do so. But I think it took too long for me to get to this point. And you look at

(35:59):
everything we've discussed and you mentioned it earlier, this is late stage capitalism. And I
would argue this is like late stage fiat, like all this that we're talking about emanates from
the fact that we can print money and throw it at whatever the hell we want. And so when you look at
the housing market specifically, this is one I like to focus on because the boomers are using
their houses as piggy banks and just riding the wave of currency debasement, which pushes up the

(36:23):
value of their houses more than the pace of inflation. And this is what really wears me
about the current political climate with everybody running to the polar ends. I think people running
to the polar ends and that's being incited by this economic stress that exists. And so you're
seeing this economic populism manifest in two different forms, far left, far right. And really

(36:49):
you're just swiping at the symptoms of the problem and not getting to the core of the problem. So I
don't know what your thoughts on sound might, like me personally, like that, like this is what I've
dedicated my life to is I didn't start out prefacing it in a political way, but increasingly
so over the last decades, you've been sort of forced into the political realm. It's like,

(37:12):
hey, guys, I understand there's a lot of economic stress. The right, you're mad that the immigrants
are taking their jobs, that you can't buy a house. The left, I understand that you think the
corporate oligarchs are taking all the wealth. You're right. Both of you are right to a certain
extent, but the solution to this problem is not over communism or having a strongman fascist

(37:35):
come in and physically remove people that you disagree with.
Like there is a core to this problem, which is the money and the fact that you can print
it and throw it at whatever you want.
And both sides are doing it.
So I wonder if I have, let me see if I can pull up anything while I'm talking here.
And one of the problems is that I agree 100% with you that there is a problem there.

(37:59):
But one of the things is that it's so abstract to your average voter that they know they're getting screwed, but they don't know why or who.
And so I think that this anger goes to big corporations and it goes to government and not necessarily things like the Fed or the monetary system.
I'm trying to find if we've even polled on it.
Now, I am hopeful about the right in that if you remember, and again, I don't have numbers on this, but one of the things that people were happy about on the internets when Trump came in was that we were going to audit the Fed.

(38:31):
We were going to go after the DOD.
We were going to take a look at the IRS.
We were going to look at all of these systems, the system, the oligarchy.
And I also think, too, is that there's increasing anger on the right at the corporate oligarchy as well.
A lot of people who say, nope, this is not free market capitalism.
Like we, you know, if that was true, if it was the left that hated the corporate oligarchy, I mean, we pulled on big businesses and the numbers were of people who didn't trust big corporations was 60, 70 percent among Republicans.

(39:01):
It's almost as high as the left.
And then I think there is this aspect of like the horseshoe theory of politics, which is like, OK, it's not a right left spectrum.
It's like when you add another layer of like authoritarianism, then the extreme right and the extreme left become a lot closer together.
And that is true.
That is really true because, again, look at the under 40 voters who would put an AI in charge of the government and look at the under 40 voters who would nationalize Trump voters who would nationalize major industries.

(39:29):
And what's kind of wild, too, is that the the accountability signal has been strongest among the youth vote.
So they were the people most likely.
OK, so they, for instance, take things like the auto pen scandal.
They're following it less closely than other people.

(39:51):
But when you tell them what it is, they're most likely to say they're concerned about
it and they're most likely to want arrests.
So it's like the arrest signal in these things like Autopen, you know, impeaching the judges,
Arctic Frost.
It's like a three to one signal among under 30 voters.
And they also were most likely to agree with the Trump quote that he who it was the Napoleon

(40:14):
quote, he who saves his country violates no laws.
So I do think that if Trump, like some of my feedback would have been in the march to do more of this, to play fast and loose with the law, to ignore some of the judges.
And I think that that would have allowed him to sort of enter this higher plane of governance where people would have been happy that the system was being fixed.

(40:37):
Like, I think that people would have forgiven a lot.
Now, part of the problem is it's like, OK, well, you did everything with Israel and Epstein and the one big, beautiful bill and the government shutdown.
Now, here you are with weakened political capital, and I don't think you can get away with it again anymore.
And so I'm not calling for like a dictator.
And you know I just I just saying it like also the Constitution is not a suicide pact And we are getting to a situation in my opinion where we really people are really concerned about political violence It like 90 percent of them especially on the left

(41:10):
The left is very concerned that the right is going to become violent.
Forty three percent think a civil war or revolutions likely in the next few years.
That number keeps going up.
And people this one's kind of wild.
We asked people who's the biggest enemy facing America and like China wins, but the Democrat
party is number two and the Republican party is number three.

(41:30):
No, actually, I think we had one where the Democrats were number one.
So it's you know what I mean?
It's and people are overwhelmingly more concerned about domestic terrorism instead of like foreign
terrorism, which is why these arguments that Israel is using like, hey, we're keeping the
terrorists away by, you know, they don't care.
They're literally worried that we're going to start shooting each other.
And so again, I don't know where that goes, but it's on both sides. And this is what happens when all the institutions fall apart and the existing institutions are incapable of dealing with the problem is that you get new institutions and new value sets.

(42:08):
So this is the fourth turning. This happened time and time again. We, you know, the country was kind of messed up. Then we had World War II. Everybody got on the same page. They punched Hitler in the nose and took out imperialist Japan. And everybody formed a new value system based on us being like the shining beacon of democracy superpower to the rest of the world. And now we had a good run off of that. We had a good 50 year run. Same thing kind of with the Civil War, right?

(42:35):
You know, like we built a new country and we had a whole new set of values.
And that's what happens is institutions decay.
There's fighting.
There's a solution.
And like a vacuum gets filled.
Like, that's my theme here.
There is a vacuum and it's going to get filled with something.
It would be nice if it got filled with a competent, conservative Republican Party that was like willing to get its head out of its rear and not listen to the billionaires and actually listen to the American people.

(43:05):
And I just don't think we're like, just don't think we're there yet.
You know, not only would it be nice.
I mean, it's completely necessary to your point about that opportunity earlier in the year for Trump to really lean in and sort of throw some degree of due process to the side.
I think people, myself included, would be OK with that, because I think it's become abundantly clear to me, at least, that we live in the age of anarcho tyranny.

(43:31):
I mean, what just happened in Minnesota earlier today, the judge threw out the conviction of people who were scamming some sort of some sort of government subsidy program.
And that's like this part.
These people were convicted by a jury of their quote unquote peers.
Wanted to find them as peers, but found guilty, supposed to be sentenced to go to prison.

(43:55):
And then judge comes in out of left field and says, no, I'm throwing the conviction out.
It's like we don't have justice in America anymore, which is incredibly scary and does leave open an opportunity, at least in my mind, for the somewhat strong man to come in and say, hey, no, if we're going to live in a society, if we're going to have this contract between the government and the governed, like we need to enforce the laws that we're all agreeing to here.

(44:23):
And that's completely getting thrown out the window.
What do you what do you think a solution is to that?
um i mean this is controversial in the bitcoin space too but i you just look at what bouquet
bouquet has done in el salvador the last three years like yeah it's yeah i mean you gotta

(44:46):
attack the corrupt judges and actually throw people in jail like this whole um i mean it's
becoming abundantly clear if you're online like a lot of the gruesome targeted deaths towards
white people and white women specifically are being being sort of waged by people of

(45:06):
multiple criminal offenses. Like the three strike policy should exist. What's the stat? If you were
to enforce the three strike policy, violent crime would reduce by something like 80 percent.
Oh, I hadn't seen that. It makes sense. Makes 100 percent sense. You know, that was powerful.
The the it gets glossed over by the Charlie Kirk assassination. But we polled on Arena Zerutska

(45:27):
and overwhelmingly, I mean, obviously people thought the guy was guilty, but when you pull
on the capital punishment, like that's a pretty profound question. Like a lot goes into whether
you think that criminals should get killed or not. Uh, you know, a lot of value things and worldview
and stuff. And capital punishment was popular last time we pulled it by like 49 to 36.

(45:49):
But after that killing, it was 60% to 20%, including a majority of Democrats. It was plus
70 among Republicans. Capital punishment is super popular among evangelical Christians.
So people are fed up. I think that's one of the signals that, you know, the problem with,
again, the Bekele approach is that there's still like a lot of risk because there's so much

(46:12):
backbiting on the right. There's a lot of risk that whoever does this is going to become like
a pariah or get, you know, their system is going to turn against them or like there's,
there's still too much risk and not enough upside. And I'm just thinking pragmatically
about like, why don't we do that here? And so at the same time, what I see from the conservatives
is they have no answer at all. I've heard a lot of people conjecture about what Congress could do,

(46:37):
for instance, about judges like Bosberg, and essentially they've done nothing. And so even
you have Elon Musk, who's an important voice, he's a massive voice, screaming about all these corrupt
judges. And unfortunately, in my opinion, if you can't, if you don't have a political system that
is capable of holding them accountable, and you don't have the balls to pull a Bekele,

(46:59):
then what the right way to do is probably to think like an accelerationist, think like the left.
And look at Comey. You know, I understand that the indictment of him was pretty quick,
but you also have to acknowledge that it does appear like from a criminal accountability
perspective, the Trump administration has been careful to cross its T's and dot its I's, right?

(47:21):
It's like, hey, we want this stuff to stick.
Well, no, you should just be spamming indictments.
Like just put all throw all these people, you know, at the court system and see what happens.
The idea is like, hey, like, you know, the indictment has to have weight and there should be some supporting evidence.
And just let the court system.

(47:43):
Revolve these guys, the revolving door right back on the street.
At least the Americans will see then that our court system is corrupt.
You have a constant signal that this system is worse than you thought.
The system is worse than you thought.
And we don't have that.
Instead, everybody's anger and rage is at Pan Bondi for doing nothing.
They could have been arresting one person a day, one big important person, and they would

(48:05):
still have another three years worth of arrests to do.
You know what I mean?
Like, yeah, we could, you know, arrest some of the people in the pharmaceutical industry.
And I understand the pharmaceutical companies have like, you know, you gave them immunity,
but so what?
Like they murdered people like, so what?
You know, there's plenty of corporates that have done bad things.

(48:28):
I mean, probably plenty, plenty of scamming of the COVID money.
Just, you know, at a certain point, it's like, this is what it comes down to is it's like, okay, you kind of ran on fixing the system and now you are the system.
Yeah.
And so there, the anger is being directed at them and not at the parts that are bad.
It's like, yeah, sure.

(48:49):
Everybody hates Boesburg.
But it's like, no, this is everywhere. This is literally everywhere. There's Soros DAs everywhere. The law enforcement is probably way more corrupt than anybody knows. And so if you can't fix those problems, I guess you just got to make them look worse. And nobody will even do that.
That seems like the path towards acceleration is the path that's been chosen, which, again, is a father with young children.

(49:13):
Not ideal, but I mean, to your point about COVID, too, I mean, that's one thing that's passionate.
I had to escape to Texas for four years because it was crazy here in the Northeast.
I mean, multiple parts of COVID, I mean, lead up to it.
We funded the research that created the virus in the first place.
Then we shut the economy down, hollowed out the middle class even more.

(49:34):
And then Trump's guilty of it, like inciting Operation Warp Speed and basically telling everybody to disregard everything they've been taught about vaccines and how it takes a decade to test them.
And don't worry, this one's nine months out.
You got to get it.
If you don't get it, you can't go to a restaurant, can't go back to your job.
Basically putting it in the arms of 80 percent of the people in the country.

(49:55):
And 12 to 18 months later, people start dropping like flies, turbo cancer through the roof.
Like there's been no reckoning for that.
What I would call crime against humanity, a lot of which the pharmaceutical companies were in the middle of.
Yeah, it's completely anarchic tyranny again.
It's like you get rightist accelerationists or leftist accelerationists and the leftist acceleration is to force the system to its like brutal max corruption.

(50:27):
And if if the right doesn't answer back, then that's what the left is going to do next time they get an office.
And I hope there'll be more sane, but I assume we're just going to see more people thrown in jail and more censorship.
Like I just I go to sleep at night and I just picture Elon Musk standing in front of Congress.
Defending Twitter against all the people who are accusing it of being an anti-Semitic platform and that we have to stop all this hate against Israel and look at the way the polling turned against Israel.

(50:56):
And it was, wasn't it crazy how it was like Elon Musk's bots.
And now we have to, now we have like an anti-Semitism crisis in America and we have to shut down Twitter.
And it's like, you know what I mean?
And it's like, okay, well, the one beachhead of actual open discourse on the internet is now gone and everything's going to be like Reddit again.
And that's where I think like your peak psychological warfare is happening on these like internet on ramps into this online, like youth liberal monoculture that's Marxist.

(51:27):
And they like the right has no idea.
Like Comer had the CEO of Reddit on Capitol Hill.
And I don't even think they asked him a tough question.
You know, it's like, meanwhile, you have people going on and getting onion links to the deep web to learn how to make like bombs with Antifa.
Yeah.
And they're declaring Antifa a terrorist organization and not doing it.

(51:49):
You're not like subpoenaing Reddit.
Like, what are you doing?
It's bad, man.
Since you're close to the source of the sentiment of many Americans, but I think particularly for this conversation, the younger generations, what would be the broad brush sort of policy that you or policies that you would recommend?

(52:14):
recommend. I think starting, because that's the one thing when you look at Mamdani and
the socialist left, it's becoming clear that they're running with this economic populism,
affordability crisis meme. And it's not a meme, it's reality. They're leaning into it. And I think
the right has an incredible opportunity to lean into it as well. They just completely

(52:34):
shit the bed in terms of forming a coherent narrative and policy around it.
um like there's pie in the sky and then there's like within the actual realms of possibility
uh i mean the problem is just so bad i've proposed fixes like some of these sound really stupid but

(52:58):
i think that they would go a long way it's like okay pull baron trump out of columbia
make him deputy chief of staff get that guy in the white house put trump on the podcast circuit
again, like let him sit in front of Joe Rogan. Joe Rogan's going to choose, you know, like it's
not going to be as cushy of a discussion as it was last time, but it's going to make Trump actually

(53:18):
acknowledge like why he ran and the current state of things like he needs to get this feedback
continuously from multiple people. They probably need like a coalition of young people in the White
House to talk to Trump every morning. And for God's sakes, he should never listen to a single
Fox News talking head ever again, because that's the globalist wing of the Republican

(53:39):
Party who literally, in my opinion, helped destroy America.
And certainly Fox News is not, you know, a pro-Trump organization, and yet he just loves
these people.
And so that's like one.
Two is like.
I laid out the plan.
It's like, again, I think any plan would work as long as you say we're restoring the American

(54:02):
dream.
We acknowledge the Republican Party's role in it and we're going to fix it together.
And this is what we're going to do.
And it's going to be a long term plan.
We're going to deliver on this aspect of it.
And it includes massive cutback on immigration, punishing corporations for illegal labor and for undercutting American wages.

(54:22):
Punish corporations is a very, very, very, very, very, very, very big part of this.
I would triple the size of the Department of Justice antitrust wing and sue every corporation in America that is offshore jobs.
But, you know, put it put a tax on him. Use the IRS, put payroll taxes on every offshore worker like, you know, the entire CPA industry is like 50, 60, whatever.

(54:43):
percent it is offshore. And what's going to happen when you do things like this? The stock market's
going to crash. And I think people are okay with it as long as they have a light at the end of the
tunnel. It's like, hey, we're going to fix the housing market. You know what I mean? Yes. Yes,
your housing value is going to come down. Why? Because we're going to build 5 million homes and
train you how to do it. And we're not going to do it with any illegal labor. And we're going to get

(55:05):
rid of 5 million people that are from other countries that shouldn't be here. And again,
Again, they're doing some of the stuff.
The H-1B fee will be part of this plan.
But it's like Trump doesn't even know the H-1B plan.
The fee exists.
He probably doesn't know about Project Firewall and why it's happening and who's running it and what the goal is.

(55:28):
And so that's one.
And then two is like, hey, we hear you.
When somebody gets assassinated and nobody trusts the FBI, it's because the FBI was corrupted and we just put another person in charge of corrupt organization.
And so we're actually going to reform government. Here's our plan. It's going to be visible. It's not going to be transparency because transparency just pisses people off more. Oh, look, the CIA is just as bad as I thought it was. No, we're going to go through a very systematic internal investigation, public airing of evidence and firings. And it'd be great if you threw them in jail, too.

(56:04):
But you're going to frog march the people out of the IRS, the DOJ, the Department of Defense, all these people we all know are still there.
And it always should have been predicated on fraud and abuse and corruption and misuse of, you know, and not on downsizing the government.
It's like, you know, Doge, that was great.

(56:26):
But this is about restoring trust in institutions for the American people.
and obviously people are going to cry about it. That's the point. The point is for people to cry.
And, uh, like, I think that two point plan right there, if you could, and again, if the Republican
party is not going to play, uh, I think a lot of people on the left would be behind this. I would,

(56:50):
I think you see increasingly people like Ro Khanna and maybe even mom, like people like that,
willing to lean into this. Like it's kind of the stuff that Elizabeth Warren and AOC have been
saying, but obviously they're not true believers in the stuff they say, but that's what happens
when you have a political realignment. And so the Republican party can either like play ball.

(57:11):
Um, but like the idea that somehow John Foon's like pharmaceutical backers should be able to like
prevent us from reordering the cost of healthcare. Uh, you know, like that, that has to go away.
And if he's going to stand in the way, then you have to be very specific about why these people are blocking you.

(57:32):
It's not MTG.
She's going crazy.
Look at this.
She can't be trusted as a reliable mega vote.
Like, no, be very specific about what the problem with her.
If you're going to fight your own party, you have to be fighting the broken system and force Republicans to pick a side.
Are you going to be on the part of the party that's fixing this or are you going to be on the broken system side?
I would love for somebody to freaking rail on Chuck Grassley right now for going to bat for the big ag and the pesticide industry, people that obviously support him because of where he's from.

(58:04):
When you have people like Callie Means and they're looking out for the health of the people and passing regulations that try and keep cancer causing agents or whatever, you know, like these kind of things.
And unfortunately, that's going to take a Manhattan project in order to do it.
And the window is closing.
Oh, the third point is that they need a half a billion dollars to fund a shadow RNC to fight the state and county level Republican parties and basically tie knit together all the grassroots volunteers group in front of an organization that is intentionally built not to cipher donor money.

(58:40):
So it's like, it's great you got Gruters there, but he's not going to be able to fight against all of the establishment Republican scumbags spread out across the country.
And all those people do is just run crap candidates so that they can maximize the amount of like donor harvesting money that they get out of the NRSC, the NRCC and stuff like that.
So that's how you could fix it.

(59:01):
And I think it's possible, but I think the level of will is just not there at all.
and it's like, okay, probably pie in the sky to think that somebody is just going to cough up a
half a billion dollars for Republicans to fix America without having any personal interest.
Cause that's all Trump's donors. He says this, he said, he, he told the world in a speech about

(59:22):
Miriam Adelson. Like he said this, that's how it works with every single one of them.
It, you know, so that's, that's what I'm like, again, I don't think that's too retarded of a
plan i think it's achievable uh it's just a matter of will it seems very uh i mean on the surface at
least it seems very simple and even keeled maybe not even keeled but like uh it seems like it would

(59:48):
answer a lot of the questions and a lot of the frustration that exists in the younger voting
base right now certainly be more appealing to me than what's going on right now and i mean the
extent of like i don't really get too engaged in the dynamics of the republican party in the donor

(01:00:08):
class uh the incumbent donor class there but i've seen it up close and personal with our industry
i've been going to dc a lot um talking to politicians and some think tanks about bitcoin
policy and just seeing how money is corrupted um policy as it pertains to bitcoin and broader crypto
is nauseating.

(01:00:30):
If you have money, you're going to get in the room.
You're going to be sitting at the table,
pushing your wares at a hypercritical time
for this industry in the country.
And it's just become obvious from my perspective
of what I've seen in Bitcoin and broader crypto
that the money talks more than sensible.

(01:00:51):
It's way worse than you know.
It's way, way, way worse than you know.
There's a really good article in The Guardian that came out, I think, about a month and a half ago, and it shows how interests on the right work.
And what I kind of say is that the Democrats are the party of big government and also corporations, and Republicans are the party of corporations and also big government.

(01:01:12):
And this really lays it out.
So, you know, there's an aspect of corporate welfare on the right and a really big lightning rod of it is the whole food stamp program.
So it turns out that out of the like 120 billion a year we spend on food stamps, like Walmart winds up pocketing a cool like one quarter of that in revenue goes straight to Walmart.

(01:01:34):
And that like apparently between 10 and 15 percent of Coke U.S.'s revenue comes from food stamps as well.
Because a lot of it gets spent on soda.
And so this article lays out like I don know if you remember but back in March there was a period where all these influencers got caught shilling for big soda on the right They use this website influenceable Well that was actually only like one prong of a much bigger strategy And so this article lays out about how the American Beverage Association

(01:02:03):
which doesn't really care about politics at all, other than what can it buy, said, oh, well,
Republicans are in office and we want to keep our food stamps. And so let's get Republican
lobbyists because Republicans are in office. And so they went and found like Republican influencers
and Republican lobbyist groups. And the article says, well, it was actually really super easy to

(01:02:25):
convince everybody in Washington, D.C. to support continued soda and food stamps,
barely an inconvenience. All they had to do was like hold the check in front of them,
you know, or threaten to pull their funding or whatever. But the real problem was at the state
level. So the article literally just glosses over how easy it was to purchase Washington,
D.C. by an interest group. And the problem is, is at a state level, it's hard to purchase state

(01:02:49):
legislators because there's just too many of them. And what was happening is that states were passing
laws to remove soda from food stamps, Republican states. So they went and they spent $2 million
on a Republican pollster. And I can just tell you that that's a ridiculous amount of money.
Our revenue line, I think combined for the last four years, isn't probably even 2 million.

(01:03:11):
And, uh, and of course the results found that imagine that Republican voters just love people
buying soda on food stamps. They probably used some BS libertarian arguments in push questions
or however they did it, but they got the results they wanted. And then they bring them to Republican
governors and say, well, you don't want to make your Republican voters mad. And this bill that

(01:03:32):
you're about to sign, it's going to be bad for them. And so you shouldn't do this. And they were
successful in killing this legislation in multiple states, saving probably hundreds of millions of
dollars of soda industry revenue, a really big return on investment. And then we went into the
field and found the exact opposite. Like, no, Republicans don't like people buying sugary
beverages on food stamps. Like, that's stupid. Why would? And, you know, like anybody with a

(01:03:56):
brain knows that. But it took us pulling out of our own pocketbook to go out there and say,
like, no, you're not crazy. Americans aren't stupid. This is retarded. But that's not how
the Republican Party works. Yeah. I mean, it's very obvious. You get diabetes, you drive up
everybody's health care costs. It's pretty simple. The health industry loves it, too. I'm

(01:04:17):
surprised they weren't lobbying for it yeah you know like rot those kids teeth out man yeah it's um
incredibly disenchanting this whole conversation the uh because that's that's one thing we have
here never doom there's always a way out obviously that's become a meme in some circles of the uh

(01:04:41):
of the social media realm,
particularly in the last two years.
And that's one thing,
going back to what you said earlier of people,
and again, what I focus on is like,
again, I think a lot of this economic stress
stems from the fact that we can just print money
and people simply need a better form of money
to save their wealth in and earn their wealth in.

(01:05:02):
I think Bitcoin is that,
but to your point earlier,
people are just completely unaware
of the dynamics of money,
how it works and...
This is more of a ramble than a question, but like, how do we, and that's part of what I try to do here is like educate people about it.
We've had success, but not at the, not at the scale that's necessary to really make it clear to most Americans that this is the core of the problem.

(01:05:26):
It's like, how do you shift focus towards this part of it?
Well, one of the things that I'm looking forward to seeing is that what will be the response?
And I don't know yet.
We're going to pull on it to Donald Trump's $2,000 check.
and I really have no idea what the result's going to be, but I think it'll be telling.
If the young people are like, screw this, I hate it. I think it'll be telling.

(01:05:49):
You know, there's an aspect of, like again, any Republican party that is fixed on solving these
issues would have a broad basket of wealth inequality measures with which to gauge their
success. That's how you would measure it. Not the stock market. Donald Trump's still fixated on the
stock market. And that's not how you win. You actually have to like, you give people America

(01:06:09):
back, which means that they need jobs, they need houses, they need all these things. Right.
But there, if you look at these metrics, it's really fascinating. And one of the ones that I
found on Fred and I should not like, I got my MBA, but I'm not an economist. You know, I'm just a guy
that's asking people questions. So, and our country, our company is very small. I have very

(01:06:31):
little time. I shouldn't be the one dicking around on the federal reserve database, like trying to
come up with ratios to measure why people are pissed off. And yet I've discovered ones that
people haven't even contemplated. So one of them is to take per capita total public debt.
So you just split up all the debt by Americans and then divide it by median real income.

(01:06:54):
And so that's like, okay, well, how capable is your average American, the middle American
paying off their share of the government's debt? Because it's like, okay, well, the stock market's
gone up? Well, has it gone up more or less than the amount of dollars printed? Like, oh, hey,
the housing prices have gone up. Well, has it gone up more or less than the amount of dollars
printed? Like, I don't know. Like, it's hard to know. The debt's gone up. Are we doing better?

(01:07:15):
Are we doing worse? It's hard to know, right? Well, when you look at it this way, what's weird
is that the ratio was pretty stable at about 0.5, 0.6 area, which means that the average income
was like, okay, compared to the per capita portion of debt. Well, about 2005, 2006,

(01:07:35):
it's a hockey stick. It goes from 0.6 to about 2.5 where it is now. And it's a straight,
it's a straight freaking line. It's a straight line. You know, it's got a couple of waves
during the housing crisis and during COVID, but it's a straight line. And so what that means is
that on top of the expansion in government debt, wealth concentration has priced people out of

(01:08:02):
their ability to pay off the debt. And so that's a really, really bad sign because it means that
we're concentrating debt payment on a smaller and smaller portion of America. But a five times
decrease, five times in just 20 years of people's ability to push on the same boulder that we're all
pushing on is, is horrifying. And it, I'm, I'm, I'm telling you, there's like literally a left

(01:08:26):
turn. There's a point in inflection. And you know where I think that point is the fricking
bailout bill where we started printing a hell of a lot of Bernanke bucks. We socialized the banking
losses all along where, you know, the out offshoring and the H one B is probably picked up
in, in vast, you know, quantities. And it's, it's staring at you right on the chart. It took me five

(01:08:49):
minutes to print out and not a single person in all of politics or the banking industry
or anybody cares about that at all.
You're literally just fixated on the stock market.
Yeah.
The stock market is the economy.
Mark, don't you know this?
Yeah.
It a bunch of boomers speculating on momentum plays I sluished some Fred charts before And like that what radicalized me Like I was a senior in high school in the fall of 2008 My dad was in finance

(01:09:14):
He was affected negatively by the crash and studied econ in college.
I always had this intuition that something's terribly wrong here.
But if you go and you look at the Fed balance sheet from 1913 to 2008,
expand it from $0 to $800 billion in the course of 95 years,
And then between 09 in 2011, it went from like 800 billion to 4.7 trillion.

(01:09:42):
So they six X to in, in a matter of three years, but took 95 years.
So to your point, that is what I, that's what I think we'll look back.
It'll be like nine 11, the first tremor and then 08 financial crisis.
Like, all right, we're never looking back.
Like we'll look back in posterity, be like, Oh,
the empire fell somewhere in this period and now we're just picking up the pieces.

(01:10:08):
Well, that's what happens in the fourth turnings is usually the crisis phase is kicked off with
like a preliminary crisis. So we had world war one and then world war two. Uh, so I think a lot
of people have speculated the great financial crisis is what has ushered in this. Uh, you know,
I don't know what it's going to be, if it's going to be a civil war or revolution, or they're going

(01:10:30):
to send us off to fight NATO's war or something like that, but something big is going to happen.
The good news is that your generation is supposed to fix all these problems.
And unfortunately for the Zoomers, they're the ones that get shoved into the meat grinder.
So I'm like, I don't know what to tell you.
Maybe you should, if you're a Zoomer watching this, you should probably like go
apply to a seminary or something.
You might avoid the draft.

(01:10:51):
Well, that's what I was trying to give people real solutions here.
You know what I mean?
Well, that's what I was going to say.
We've been talking about the advice you would give the administration, but you talk to a
a lot of zoomers in your DMS. What advice are you, or what'd you give them?
They're all burning their mega hats right now. It's like, I never voted for Republican. I voted
Trump three times. How could he, how could he insult me like this? My entire career has been

(01:11:13):
stolen by Indians and they all lie on their resumes. And how does he not know this? It's so bad. Like
just stuff like that, just constant stream. Oh, I work in the electrical industry and I'm an
electrical engineer and they've outsourced so much of it to India. And these people control
our critical infrastructure. And if we ever got into war with them, it would all come crash
down. We wouldn't have electricity for months. Like this is what I'm just getting constantly in

(01:11:34):
my feed. And obviously it's like a focus group. It's not a poll, right? But it tells you a freaking
lot. I mean, there's suicidal people. They're like, it's just bad. And you know, like no amount
of boomers like, well, these people should just try not being crazy. Well, it's like, you're the
ones that put them on SSRIs. These people like over a third of them have mental health diagnosis.

(01:11:56):
their dating scene is horrifying all the women are feminists none of the women want to get married
and procreate they all just want careers uh you know they get passed over on every like high-paying
job ever they can't afford a house and they're getting they're getting called like you know
they'd be a little bit edgy and they're trying to shut out of the society they get called

(01:12:17):
anti-semitic or racist or whatever it's like they haven't the the forces creating people like
Nick Fuentes have not been muted. And what they just tried to do was like, shut this guy down.
And they wound up like his numbers are unbelievable now, like really incredible. So he's not going
anywhere. Tucker's not going anywhere. And it's like, you can think of them as a feedback loop

(01:12:39):
into the Republican party and into the right. And it's like, they're just going to get louder
until you actually fix your core problems and your core problems. You've been completely
corrupted by every special interest, except the voter. That's all Nick Fuentes is, is a guy who's
like, Hey, I'm mad with my political party. We have real concerns that everybody's ignoring.
And if you're going to ignore me, then I'm going to be super edgy to get your attention. And it

(01:13:00):
worked. And, uh, you know, now he's, he's bigger than Ben Shapiro for sure. He's getting a ton of
influence. I've got a normies in my life. I would never expect like bringing them up unprovoked.
It's, uh, yeah.
When you get normies watching Nick Fuentes and it's like, you know,

(01:13:22):
what, like it's like, obviously there's 5% of his content that I don't condone,
but it's also not nearly as bad as the jokes that we all told each other when we were 12,
like on, in the playground, you know what I mean?
So it's like this weird situation where everybody's like clutching pearls about something that's
like, like who cares?
Like nobody cares.
and uh again i don't know what his situation is like i don't like how he just came out and embraced

(01:13:47):
like momdani socialism to create a new national socialist movement in america like that but
again he's on rumble he's got 14x fewer subscribers than ben shapiro and on a much more terrible
platform without an algorithm he surpasses ben shapiro's views easily so i look at his views and

(01:14:09):
And I say, well, there's probably five to 10 million people watching his content.
And then you see stuff like the Stanford Review published an article that says that 25 percent of their incoming freshman class are groopers.
Stanford, like how they have an anonymous poll where people feel comfortable.
I don't know what it was. I saw Mike Mark Dice say it.

(01:14:30):
And it's like, you know, then there's the other stuff where it's like, oh, like 30 to 40 percent of conservative men on Capitol Hill identify with Nick Fuentes' movement.
That's like, I mean, it's a feedback loop.
And when things go wrong, the feedback loops get stronger.
And, you know, the problem here is, is like you have this, it's more than just economical, right?

(01:14:53):
And we all know that there's problems in America that are worse than just the economical problems.
It's like major problems with like feminism and what lack of cultural assimilation, like all these forces, the de-churching of America,
Like all these forces are part of the fourth turning and what has helped destroy our system.
Like, yes, it's pretty obvious that if you take religion out of society, you're going to have people in leadership positions who are going to be more rent seeking and more personally interested in their own financial gain.

(01:15:25):
And it's like, OK, well, you haven't replaced that with any value system.
We literally took the 10 commandments out of school and now the kids wanted people shot that they disagree with.
It's like, yeah, that's, you know, like that's the kind of thing that happens when you do that.
So that's part of the feedback loop that Nick Fuentes is saying.
It's like, I see you big business Republican scumbags.

(01:15:48):
Not only have you sold America out, you helped undermine the societal fabric that gave me a society that's unrecognizable to the boomers who grew up just 60 years ago in a very different America.
Yeah.
I mean, you can replace secular religion, but the vacuum is going to, something's going to replace.
You can take it out, but something's going to replace it.
And that's been, I think, the woke mind virus.

(01:16:11):
Yeah.
No, that's the thing I think about a lot.
I come from a big Irish Catholic family in the Northeast and very fortunate to have a very strong nuclear family and extended family And we still close to these days close to these days
But the younger generations are like, Hey, that's what I worry about.

(01:16:33):
I look at even some people my age that haven't started having kids.
And that's, that's when things really get weird.
And I've seen this firsthand in the inner city in Chicago,
when the nuclear family is disintegrated, completely tears apart.
whole neighborhood societies at large. And I think that is the thing that worries me most is this

(01:16:55):
lack of family formation. Well, I think that's part of the good news here. Like the silver
lining to the storm cloud is that I think everybody for so long, and maybe it's the
boomer politics or whatever, has been sort of like preaching values, but it's been push. It's
like, you need to be more conservative. You need to be more Christian. Why aren't you procreating?

(01:17:17):
Blah, blah, blah, blah, blah. You need to work harder. And I think the values are actually like
kind of pull, right? It's like, okay, well, there's a huge crisis and we have to solve it.
Oh man, we better get our crap together. Like, I think there's an aspect of that. You know what I
mean? Like, yes, the GI generation, yes, the silent generation stepped up and volunteered to
go overseas and fight against the axis, right? Like that happened. But it's like, well, if you

(01:17:41):
look at the twenties and the flapper movement and the great depression. And like, you just wonder
like, well, you know, was, was that America always there that enlisted to go beat, you know,
Nazi Hitler, right? Nazi Germany. I don't think it was, I think people came together and said,
you know what, this is a cause we're fighting for. We need to put our problems away and get

(01:18:04):
our crap together. And I think we're going to see that. And I think increased economic opportunity
will probably be one of the biggest forces for rechurching, refocusing on familial values,
conservatism. Charlie Kirk said this, the three Ms, mortgage, marriage, and whatever the other one
was, maternal. I don't know. What was the other Ms? Like have kids get married, get a house.

(01:18:28):
And that's the kind of thing that gets people into the conservative movement. She's like,
okay, now you have something to protect. And people say this about the schools too. All the
schools are terrible. We should fix the schools. Well, it's like, you know what? If corporate
America couldn't hire all of Bangalore, then we would be training our kids better.
Yeah. Then, you know, they would, they would need it. We would have coding bootcamps in high school.

(01:18:52):
We would have a job, you know, fairs, you know? Yeah. Well, that's, I mean, that's another silver
lining intended on a positive note. Um, if the will is there, the opportunity to actually affect
the will has never been easier and better. I mean, talk about reshoring, reeducating,
like the ability to learn things on the internet is like, if you were to hand this technology to

(01:19:18):
somebody a hundred years ago, that'd be mind blown. Like if there's a will there, the way does
exist. Uh, and I could easily see a quick reshoring and sort of reeducating of the workforce to,
to step up if if the will was there not only from the political class but from the citizenry as well

(01:19:38):
yeah i mean trump doesn't want colleges to go out of business but the entire computer science
undergrad curriculum for mit is on the internet right now you could walk through it probably about
eight months is my guess right so it's like what are we even doing yeah i mean we're like
supporting an entire industry that's completely doesn't need to be there okay it's radicalizing

(01:20:01):
everybody. Yeah. I'm actually like the FDR meme. It's like,
why would you want to be associated with the university system?
That's indoctrinating people to work against the will of what you claim your
policies are trying to affect.
Mark, it's been great. Thank you for everything that you do. I think,

(01:20:21):
I think whether you recognize it or not,
you've become part of the zeitgeist of the,
of the younger generations that aren't,
aren't being acknowledged or listened to by the boomer political class right
now.
I think it's important whether you realize it or not.
I think it's important work.
And I do believe that we are in a memetic warfare and you are providing a

(01:20:45):
lot of good,
good material and ammunition to fight this war.
Cause at the end of the day,
and to your point I'm one of those people who's pretty much convinced that
We're not going to solve these problems via the traditional political avenues and apparatus.
Like we need people to realize that it's a somewhat of a lost cause.

(01:21:08):
And we just need to congregate and organize outside of that to try to fix things.
That's why I focus on Bitcoin, because it gives you the opportunity to do so.
You don't need to ask permission.
You can just start building around it.
No, I think Bitcoin, for instance, is a forcing function, just like Nick Fuentes is a
forcing function. Nick Fuentes is a forcing function on politics. Bitcoin is a forcing

(01:21:31):
function on finance. And I think all these things are being brought to bear against the system
that is weakening very, very, very rapidly. And so that's why I think like, it's all going to,
it's all going to go crazy in the next like three or four years. Like already this stuff
with Venezuela and the implications with the whole voting system, like, I don't know,
it might speed up. But yeah, you know, I'm just a guy shitposting in my basement and doing my best

(01:21:54):
trying to save the world from my four gen alphas.
I'm going to have four gen alphas now.
So I don't usually gen alpha gets through the crisis pretty OK.
So maybe I'm looking out there for those zoomers.
I don't want to have to go send them over to the to the muck in Eurasia fighting against
Russia, who should be our ally, you know, while China gets us ready for our civil war.

(01:22:17):
So, you know, I really appreciate it and doing my best.
Well, thank you, sir.
we'll link to your ex,
Rasmus and everything else in the show notes.
Thank you for your time.
And I hope you enjoy your Thanksgiving.
Yeah,
likewise.
Great to be here.
Thanks.
All right.
Peace and love freaks.
Thank you for listening to this episode of TFTC.
If you've made it this far,

(01:22:38):
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