Everybody is in a rush to fire 10 to 25%

of their workforce, but 10% unemployment

would be worse than anything that's ever

happened in our lifetimes. We are going

to have a depression like we've never

seen in our lives.

>> Wow. Jake's a real Debbie Downer today.

I mean, this is an unbelievable

opportunity we're talking about. I got

to buy more sunglasses for how bright

the future is.

>> If you notice, Kevin actually didn't

address the wave of unemployment at all

because there's no question that it's

going to happen. And when we hit the

iceberg, we're not going to be ready.

And it is going to be an epic disaster.

>> Change is disruptive and it's

uncomfortable. But the scare factor of

saying that everybody loses their job

and the robots eat the children. I just

don't buy it.

>> I I don't know anyone saying that the

robots are going to eat the children.

And I understand that change happens,

but we have to be careful with change

because by 2028, we're going to have

disaster from AI, unemployment, and

disaster from the war. The only hope is

electing a smart person who's prepared

in 2028. Republicans, I have one thing

to tell you.

There's no way. Nobody's showing up to

vote. Their voter enthusiasm is

obliterated.

>> But the Democrats have also lost their

way.

>> And the Republicans only have one guy

who could win. And I'm worried about it.

Tucker Carlson. So, as we head towards

the midterms, but also the elections,

which aren't actually that far away now,

do you agree that we're heading towards

a more socialist America?

>> So, let me just say this.

How about that for an answer?

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Let's get on with the show.

Jenk,

thank you so much for being here with

me. Um, there's so much going on in the

world that I have so many questions and

you both have very different

perspectives on all of the issues that I

care about the most. So, I thought I'd

bring us together to try and pass

through what is true. Unlike a lot of

shows, I I don't expect a shouting

match. What I'm trying to get is to

truth. And I'm hoping that seeing the

collision of your ideas on some of the

big issues that are front of mind for me

like artificial intelligence, like

geopolitics, like what's going on in

America now that I live there, I think

will be incredibly beneficial to me and

hopefully therefore my audience. I have

this graph here that says seven in 10

Americans oppose local construction of

AI data centers.

>> If you go back in time, any new

technology is extremely disruptive.

Change is disruptive and it's

uncomfortable

and it always is that way and yet it

always proves within the context of the

American economy to create a lot of

productivity and opportunity. And I

would argue today if we're going to find

a cure for cancer, it's going to be

through AI. If we're going to

democratize education, it'll be through

AI. If we're going to do some advances

on space research and travel, it'll be

through AI. Productivity in the S&P 500

and it's all small companies, AI. And

you can't have it without data centers.

You actually need the underpinnings, the

infrastructure. And so that debate, that

narrative is going on, but there's a

dark side to this that I've only started

to bring forward in the last couple of

weeks. I discovered this in Utah

that there are some nefarious forces.

Um, Arabella is the name of it. I didn't

know anything about it, but I was

wondering who was spending all the money

in Utah with all that misinformation

about what the data center was going to

be talking about using water we weren't

or using power we had no intention to or

40,000 acres that's complete BS. It was

all lies. And I said, who could afford

that? So I hired a bunch of forensic

auditors and lo and behold it took me

back to the Chinese through Arabellum uh

Neville Singum is his name. He's funding

all these organizations in Utah and I

caught him through the IRS 990 filings

and I handed it over the White House and

to a bunch of special agents and I just

wonder what's going to happen next. I'm

loving this now. This is so interesting

and it's a national debate and the poo

poo's hit the fan. But I'm not debating

this. I'm not suggesting it. I have

irrefutable evidence the Chinese are

meddling in every place where new power

is being proposed in America, every

state, every city. And it all goes back

to the Chinese through this Arabellum.

And just look at the IRS filings. Don't

shoot the messenger. I'm just providing

the truth.

>> Kevin, so just just for context here,

there was a proposal to build some data

centers in Utah, and you're saying that

the push back and the negative reaction

that has been seen is being encouraged

or sponsored by the Chinese who are

driving misinformation through bots. Is

that what you're proposing?

>> No, it's not through bots. It's actually

through contributions that are shown

through a a wide network of different

entities. It's very it's very well um

cloaked, but through forensic audit and

IP address scraping uh with some really

strong data scientists that I hired and

I'm working with, we were able to

provide 90 pages of IP addresses from

foreigners uh to various agents and

various entities within the US

government. And we're going to keep

doing it. We're we're providing it every

four hours. where cuz one thing I have

that I guess they hadn't thought through

is I have 12 million followers on social

media. No, no uh data center developer

has 4 million followers. This all showed

up on my feeds with bots on on Twitter

which is now X and on Instagram and then

onto LinkedIn. So we just provided the

data to the government and where the

chips fall I have no idea. And we had

death threats uh to our executives. I

provided that to the FBI and they

visited the woman who did it in Denver.

I think scared the pee peee right out of

her, but she won't be doing that again.

So, I mean, it's Listen, bring it. Don't

mess with me. I'm just going to provide

the data back to the government. I'm I'm

I'm just telling the truth. I'm not

debating it. I'm not suggesting it. I'm

providing the IRS filings of the cash

coming from Marabella right into the

Alliance for a Better Utah

>> and the story. I mean, that's Listen, I

didn't ask for this fight. I'm just

providing the data.

>> Is that how you see things? Are you

seeing the push back in terms of AI? Um,

do you think it's coming from Chinese

sponsored actors or do you think it's

something else?

No, I I don't think China has anything

to do with it. Uh, so first off, there's

a lot of things Kevin and I share. Uh,

I'm also an entrepreneur. I'm a

capitalist and went to Wharton Business

School. So, I love America. I love the

opportunity that America provides. I

wanted to provide opportunity for all

sorts of new businesses. So, that's not

remotely the issue. Okay. So, the

question is, are we going to pay our own

uh costs? So now on the AI data centers

um in the beginning I started reading

these stories about how the data centers

are driving up the energy cost for

everybody in that community that they're

based in and I couldn't believe it. But

then I thought okay since we have

basically legalized bribery in America

that probably is true they probably you

know given enough campaign contributions

to make this happen and it turns out

they have. No, if you're going to do a

data center you have to pay for it and

you have to pay for all of its costs.

None of this subsidizing your costs to

the average taxpayer who's not getting

anything out of it. So, we have to be

absolutely meticulous about who's paying

for the cost of the data centers. And it

should be the businesses that profit

from it. Unless you'd like to take have

the American people take some equity in

your business because if we're going to

pay your costs, obviously we should have

equity in it. When we bailed out the

bankers back in 2008, it was an absolute

crime. We should have taken equity in

those companies and then sold it later

for a profit. I don't want the

government to run banks, but I do want

us to not be suckers. Uh we constantly

pay for the research of the drug

companies and never get any equity. So,

um if you going to be capitalists, let's

be capitalists. Now, the real reason why

people are most angry about AI is not

even the data centers. And they have

every right to be livid about their

energy costs being higher uh so somebody

else can make a buck. Uh but the bigger

issue is the unemployment that we're all

worried is coming and it most definitely

is. So, there's a lot of uh happy talk

about, oh, 10 years from now, 20 years

from now, robots are going to be cooking

our salmon. Or two years from now, I

don't really care. I don't need my

salmon cooked by a robot. What I care

about is, are we going to have massive

unemployment? And right now, and I'm

curious what Kevin's going to say about

this because it's kind of indisputable

if you're in the business community,

everybody is in a rush uh to fire 10 to

25% of their workforce. and whoever gets

there first gets a competitive advantage

and the market's rewarded and their

stock uh price goes up. Well, if

everybody goes to fire 10 to 25% of

their employees, we are going to have u

not just a recession but a depression

like we've never seen in our lives. And

everybody's whistling past the graveyard

here. Uh so, do we have a plan? Does the

government have a plan? The only guy

I've ever heard of working on a plan to

deal with this tsunami of unemployment

is Roana. other than him it's crickets

and I think we're going to hit the

iceberg really hard.

>> Interestingly Jenk, the other person

that I've heard talk about the

unemployment wave coming has actually

been some of the big AI CEOs. And if you

go back and look look at their quotes

through time, people like Sam Alman

predicted that there will need to be

some kind of UBI scheme. And I think

Worldcoin, which is his other startup

that uses um retina scanning to be able

to distribute value to people to check

their humans. One of the principles of

the foundation of that company was to

distribute UBI, universal basic income

to everybody. So on this point, Kevin,

do you do you disagree that there there

will be a widespread unemployment

apocalypse, as Jenk has called it on his

Twitter feed.

>> So So let's go through Jack's shopping

list of disaster. I think it's fair to

address them one at a time. Let's talk

with the energy. I totally agree with

him. You can't build a data center

anywhere and tap into the grid because

he's right. the price of energy would go

up at the library, the church, and the

community center by 30%. And that's what

happened in Virginia. So that is no

longer a possibility. In Utah, for

example, I have to bring my own power.

But the idea would be if we produce this

energy because there's no data centers

without energy. We'll put it back into

the grid, not just for Utah, but for the

whole country. Because I think he's

right. Anybody that's building a new

data center should have the

responsibility to provide the power and

put some of it back into the grid. That

would solve two problems at once. The

grid is tapped out. The library has no

more power. We'll solve that problem for

Utah and the country. So that's the

first falsehood I run into fueled by the

Chinese propaganda that came into Utah

or whoever they are at Arabella, the CP

C the CPP or the U you know who whoever

this agency is because you have to

follow it through all these nefarious

holdings. But at the end of the day

that's number one. Number two, the idea

that everybody gets replaced by robots

and then they eat the children, I don't

buy that at all. Every new technology in

American history for over 200 years has

created vast opportunity, productivity,

and fueled the economy to lead all

economies on Earth by 20%. Which is

still the case today. Now, it's an

uncomfortable reality. The market hit

new highs today. And that is an index of

how great American companies are. And

the smaller companies that are 5 to 500

employees also hitting on all cylinders

now using AI tools for productivity,

customer acquisition, maintenance. So

the scare factor of saying that

everybody loses their job and the robots

eat the children. I just don't buy it.

And so I think we should have that

debate. But you don't know yet what

opportunities there are in the economy

driven by this new technology. So I

think what I know there's fear and

loathing and I think it's important to

have that narrative. I think it's great

to debate it but I think we should deal

with fact. It's very very uncomfortable

when chain hit change hits anywhere and

yet it's proven itself within the

context of the American economy to rise

it above all challenges and still lead

the world. Unfortunately,

there's the issue of defense and the

economy against China. They're our big

adversary. In this last conflict in the

Middle East where very few boots hit the

ground, it was the technology that

provided the ordinance precision that's

been used. In the future, wars will be

conducted using AI. And unfortunately,

the country with the best AI technology

will win those wars. I would certainly

not want China to be ahead of us. Yet, I

think they're the ones that would like

to stop us building power and developing

our AI platforms because they have

something called deepseek. I just want

to put a fact out there because we're

talking about this. While we were

stymied in building any new power,

forget about data centers, just new

power. The Chinese in the last 19 months

built 400 gawatt of power off burning

coal. They don't care about the

environment. They don't have any policy

about that. They have a supreme leader

who points his finger at the ground and

says, "Build a coal burning plant here.

Put a data center behind it or you'll

disappear in 18 months." And the people

involved say, "Chop chop, Supreme

Leader. We will make it happen." We

can't do that in America. And he knows

that. So he's spending as much money as

he can making sure he styies the efforts

of every entrepreneur in every state to

do the same. So that's what I think is

happening and I'm happy to provide the

data as I mentioned earlier and let the

government and their special agents in

all of these different departments I'm

working with now. I'm proud to be

providing this information. I think I've

kicked the door open on something very

very nasty.

>> Um Kevin, I would like to take a look at

that information as well. So we I'll

pick pick up that pick up with you about

that off camera. Um, what I wanted to

ask you is a lot of this sort of

doomerism around unemployment that we're

talking about comes from the CEOs

building the AI companies. And this is

something that that's always caused me a

bit of cognitive dissonance, which is I

think if you go back to I've got some

quotes here from March 2021. Sam Alman

said, and he's the for anyone that

doesn't know the CEO co-founder of

OpenAI, which is the maker of ChatgBT,

AI will probably replace most of the

jobs people do today. entire job

categories will be totally totally gone.

And then Elon Musk said in May 24,

probably none of us will have a job. If

you want to do a job that job, it's kind

of like a hobby. You can do a job, but

otherwise AI and robots will provide any

goods and services that you want. And

Dario, who's the founder of Claude,

which is the other major leading AI

model, said this was in 2025, AI could

eliminate half of all entry-level white

collar jobs within 5 years. a shift that

could push unemployment up to 20%. The

public is being sugarcoated on what is

coming. These are the people that are

most wellplaced and arguably I mean

depends how you look at it have the

least incentive to say that their

companies are going to cause societal

harm and they're saying that their

companies are going to cause massive

massive unemployment. Do we do we assume

that they're not telling the truth or

that they don't know what they're

talking about?

I think that's a very selective um bunch

of sound bites. Dario also said the CEO

of Ananthropic, if we don't build more

compute capacity in the next 6 months,

the Chinese will catch up with us with

deepseek.

That's an ominous warning because, you

know, let's say you decide, look, it's

too scary. Let's shut down the US's

ability to advance compute. Let's just

shut it all down as the Chinese want and

let's all sit around the campfire and go

kumbaya. Do you think the Chinese are

gonna stop? I don't think so. I think

they're going to continue to do this and

they'll invade Taiwan using no boots.

They'll just use AI to shut down their

power.

I mean, I'm just telling you that the

Kumbaya stuff I totally agree with. I

love it. But it's not reality. Should we

compete? Should we advance our

technology? Should we be the best in the

world advancing research on AI to solve

for cancer? Yes. Or do you want the

Chinese to do that for you? And in 20

years, they'll tell your children what

to eat when they're sitting at their

table in New York City for breakfast.

I'm the in the camp that says, "We know

who our adversary is. We know that why

they want to stop us." And Dario himself

said, "Hey everybody, we better build

some data centers real fast or in 6

months, Deepseek is now number one on

Earth." I don't want that outcome.

>> Jen, it appears to me that, you know,

there's the CEOs are acknowledging that

there could be a mass wave of

unemployment that's going to cause a

bunch of problems that I don't think

people are thinking about. But also what

Kevin's saying about it, you know, there

being this this sort of global race

between countries also appears to me to

be true that if we just sit back and

relax and put our fingers in our ear,

then there's going to be a huge

competitive advantage with this

transformational technology that falls

into the hands of China and um and we'll

miss out as the West. What's your

perspective?

>> First to address a lot of things that

have been said. First, I I don't know

anyone saying that the robots are going

to eat the children. So, I want to thank

Kevin for educating me on a talking

point there. Uh, I'm less concerned

about that. A lot less concerned. Uh,

but I am concerned about some level of

death with AI, and that has already

begun to happen. There are reports that

we use AI in targeting that girl school

in Tehran where we killed over 160

innocent school girls. Uh, so if that's

what AI is going to bring us in

precision, as Kevin pulled it, called

it, uh, no thank you. I'm not interested

in that kind of non-precision. Um, and

and I would much rather have human

beings involved in life and death

decisions. And I'm super worried that AI

is going to be used more in the military

and uh, no, I do not trust Palanteer.

Um, so now in terms of universal basic

income, I mean, think about it, guys. If

a coder is making $120,000, you know, I

I don't know where that puts him in two

years in, seven years in, uh, it's a

healthy salary. It's not the world's

greatest salary, but it's a good good

salary for a middle class person in

America. Then you switch to UBI, you'd

be lucky to get 3,000 a month. That's

36,000 a year. You're going to go from

120,000 to 36,000. That is going to be

devastating. Even if you magically got

universal basic income passed in America

immediately as the wave of unemployment

hit, but I don't think that's going to

happen either. So, is the wave of

unemployment going to hit? Well, if you

notice, Kevin actually didn't address

that at all. uh because there's no

question that it's going to happen. That

is why literally every CEO of the AI

companies is saying, well, you know, our

product is great and you should value us

at a trillion dollars or so. Uh but

yeah, you're all going to be fired. And

and that's inescapable. It's already

begun. The coders have already started

getting fired, especially young coders.

Uh they feel totally betrayed. They have

to find a new line of work. But maybe

that's a little bit easier for them

because they're young and they're smart

and they're professionals, etc. Uh, and

there's a lot of smart folks, but

getting a new profession at the age of

58, 62, what if you're a truck driver?

Um, and so I'm not saying that the

Whimos don't work better. I actually

would trust a Whimo more than I would

trust a human driver. But nevertheless,

that car no longer has a driver that it

did when it was a taxi or an Uber or a

lift. And I understand that change

happens. And look, I'm a progressive.

for change politically, for massive

change. I thought Obama did comically

little change. Um, but we have to be

careful with change. So, which direction

is it going to go and how are we going

to handle it? Right now, I think Wall

Street has lost its mind. How could we

be at record numbers? Who do you think's

going to buy your products? So, this guy

named Nick Hanower, there's a lot of

folks who believe in this, but he's a

big advocate of it. really smart guy up

in Seattle, also an entrepreneur, also

sold his business and has done well, and

he talks about middle out economics. If

we give more advantages to the middle

class, they immediately spend their

money. If you give it to the rich, which

is what we've done all our lives with

this neoliberal nonsense that we've been

doing, uh, and trickle down economics,

well, they barely spend any of it. So,

giving to the middle is a much better

way to go. And of course, the question

is, how are you going to do that? And

you don't just want to give away money.

Uh, on the other hand, we give away

money to oil companies and big drug

companies and every one who's got

excellent army of lobbyists in DC, but

we're not ready. And no one on earth has

given me a plan for, "Oh, Jen, don't

worry. When 10% unemployment hits, which

is at this point almost baked in,

completely inevitable, right? Um, what

are we going to do? 10% unemployment

would be worse than anything that's ever

happened in our lifetimes, let alone if

you get to 25%. Zero plans for it. None.

When that when we hit the iceberg, we're

not going to be ready and it is going to

be an epic disaster. There isn't going

to be anyone to buy your goods because

employees are also customers and you're

going to lose a massive amount of

customers and it is going to absolutely

torpedo our economy. I can't believe how

shortsighted Wall Street is. Now, does

that mean we stop AI in its tracks and

we stop change? No, we can't stop

because it's it's true that China is

also going, Russia is, North Korea is,

Israel is.

Now, the problem is if we get it first,

then very very likely the Israelis will

also have it and God help the world if

that's true. Uh they have not been

restrained in how they use their power

and I wouldn't want them anywhere near

that kind of power. But nevertheless,

there is a race. So

we can't just stop. So can we do the

race in a way that is responsible and

actually serves the American voters and

citizens instead of just serving the

executives of the AI companies and the

shareholders of the AI companies? I hope

we can, but we've taken absolutely zero

steps in that direction.

>> So let's get specific, Jenk. What might

that look like to to continue developing

this technology but do it in a way

that's responsible and benefits

everybody? Because this is kind of what

I hear a lot of. I hear from one side

people saying we need to carry on going

or you know the robots and the kids

thing. On the other hand I hear we need

to be responsible but either side don't

tend to be very specific about what

their definition of responsible or a

race a responsible race might look like.

So does anyone have any specifics? Jenk.

>> Yeah. So look, it's a it's a tough uh

industry to regulate. I get it. You have

to move fast and regulation usually

involves some degree of bureaucracy. Um

but if you have no regulation at all,

you will have it run a muck. That's

pretty much guaranteed. And all the

leaders of the AI companies say

likewise. So um we've got to the problem

here in America is that it's nearly

unsolvable in the window of time that

we're talking about because we've lost

our democracy in America. But we've

legalized bribery that happened back in

Supreme Court decisions in 1976 78 and

then of course Citizens United. And so

since we have legalized bribery in this

country, there's no way they're going to

serve the voters. So whichever AI

companies are giving them more money,

they're going to serve them. And that's

already begun to happen. And the AI

companies have already started getting

involved in primaries and eliminating

their opponents through money and

politics. So, our politicians are deeply

deeply corrupt in America. Republicans

and Democrats, they almost all serve the

donor class. So, we we won't make it.

We'll I'm telling you right now, uh

we're going to run into the iceberg and

it's going to be an epic disaster. The

only hope is electing a smart person

who's prepared in 2028. Uh that that can

begin to get us on the road. So now when

the disaster hits, the AI shareholders

and executives aren't going to like it

either because the reaction will likely

be tremendous anger. And then someone

like me is going to say, "Hey, you know

what? Uh why do they get to keep all the

money and you're all broke and out of a

job? They created this cost which is

unemployment. Why don't they pay for it?

So why don't we take some of the

billions and billions and billions of

dollars that these AI companies have

made and put it towards their costs,

which is the unemployment of the

American people. So they could at a

minimum fund unemployment insurance and

we could make sure that that's very

healthy. Uh and we they could begin to

fund other things that might actually

help other human beings. I know heaven

forend that a millionaire or a

billionaire should ever help another

human being. But if you don't, the

pitchforks are coming. I'm not a

pitchfork guy. I'm I believe in

nonviolence and I always will. Uh but I

don't think people get the level of

anger that's happening. I'll try to stop

it, but the pitchforks will be

significant. And this whole thing of no,

I get all the money and you get nothing.

Will not play well. You can try it, but

it will end in disaster.

>> Kevin, the pitchforks are coming. We're

going to hit an iceberg. And it also

sounded like AI is going to ultimately

lead to a rise in what sounded like

socialism.

>> Wow. Jake's a real Debbie Downer today.

You know, this has been forecast in the

American economy. Every 20 years, it's

the end of the free world as we know it.

And that's not what happens. Let's go

back and do a little factchecking on

Jakester here. First of all, AI

companies lose billions. They don't make

any money right now. They're in a race,

as we talked about earlier, against

China primarily. They're raising a ton

of capital and losing billions every

year. We don't know yet how they're

going to monetize it, but the market's

willing to provide it because they see

the productivity opportunity and the

cure for cancer and the democracy around

education and productivity for the

nation already been proven by record

earnings in the S&P of which all 11

sectors have adopted the first wave of

AI to enhance productivity and reduce

costs. We don't know yet what new jobs

are going to be created. I'll just talk

about the ones I'm creating in Utah.

4,000 construction jobs for about nine

and a half years highpaying. And another

2,000 engineering and support jobs,

extremely highpaying, because what's now

a desert will be a data center. not near

anybody's backyard, not replacing

farmland, not using any of the water the

way the people have been talking about,

not taking any energy from Utah, but in

fact contributing to it, not polluting

the air because we can't do that without

air permits. All of this stuff is a

falsehood. So, what we don't know, and

Jake's right about this, is no one ever

predicts with a new technology what the

outcome is. So, I'm not a doomer on this

stuff. My job here is to maintain a

direct focus on entrepreneurship,

hire as many people as I can because

that's what I do. And I take a lot of

flak. I mean, Jake's hitting me hard

today and he and I appreciate he's an

intelligent guy and he's got an opinion

and I'm glad we're in this narrative and

having this discourse. It's important,

but let's deal with fact,

not rhetoric and not hysteria. Because I

still go back to the robots eating the

babies, cuz that's all I all I listen to

every day. It's just ludicrous. And I

don't think robots are actually going to

do as much as people think or look the

way they think. They're not going to be

humanoid walking around taking out your

garbage. That's not how it's going to

work. Robots have been building cars for

decades now and doing other things in

medical research and robotics have been

used in all kinds of technologies and

chipm and everything else but they don't

they don't look like people walking

around. So, you know, I I say to myself,

we don't know what we don't know, and

that's fair. But to say that all of

these AI companies are making billions

of dollars and something else, and Jake

knows this, most of the taxes in America

are paid by the rich people. They pay

their fair share now. So if you take it

past 50%

like California, like New York, like New

Jersey, like Massachusetts in the

Constitution of America with the

forethought of the founding fathers,

they believed in the competition of

states. And so you have people moving

Schultz to Florida, you know, the Google

guys to Florida, some have gone to

Texas. If you want to steal rich

people's money, go ahead. They'll just

move. And if you really make it

difficult for them in every state in

America, they'll do what they did in

England. They'll find a new America.

That's what made America great to over

200 years ago. Taxation.

It doesn't work. The thing about

socialism and communism is you run out

of other people's money very quickly

because they simply leave. The French

figured that out. That's what happened

any in England when they raised 90% tax

rates. Monaco, I mean, it only exists

because the French screwed the rich

French guys and they all move four miles

across the border. It's very simple. You

want to support entrepreneurship and job

creation. Only onethird of the

population in America can be

entrepreneurs and they employ the other

twothirds. That's the way it's been for

200 years and it's a great thing. And I

don't see anybody else investing money

anywhere else except America 52% of the

time. 52 cents of every dollar on earth

from sovereign wealth comes to America

because it has the opportunity. No other

country. I don't see a lot of people

saying boy would I like to invest in

North Korea. Hey, can you get me into

Russia? Is there a Russian fund I can

invest in? Oh, can I invest in Cuba? I

don't think so. I don't want to put my

money there for retirement. That's why

I'm talking about this. The facts are

the facts. Get over it. Inhale.

Everybody chillax and let's keep the

American dream going.

Jen, I'll get your response to that.

Many things said there. I mean, the core

argument there is if you try and tax

rich people, they're going to leave and

go somewhere else and, you know, we

might end up like Cuba.

>> Yeah. So, I did I miss this meme about

the robots eating the kids because I

don't know why they

>> I love the robots eating the kids. I

just don't think it's going to happen.

>> I don't think anybody thinks it's going

to happen. It sounds like it was made

up. Um, okay. So, there's some

fear-mongering about robots eating kids

and how America's going to turn

communist or something. No, no, no.

Look, as I said, we're capitalists.

We're just trying to figure out what's

the best way to do this. Capitalism

isn't supposed to be let's crush the

average guy and make sure the corporate

CEOs get everything. I'm a corporate

CEO, but it's not right and it's not

balanced and it's not American. The

American way is to make sure that we

build a super strong middle class that

are great, productive citizens, voters,

and by the way, consumers, right? And so

if we lose track of that, then we're all

going to be doomed. So, like Kevin's so

worried that somebody's going to take

his money. And it's not just Kevin. They

always like threaten us like, "Oh, oh

yeah, we'll leave. I mean, don't

threaten me with a good time." Uh, but

but beyond that,

okay, but beyond that, Kevin, that's not

going to be your main problem. When you

don't have any consumers, that's going

to be your main problem. You have to

protect the American middle class. That,

you know, you could argue that's the

goose that lays the golden eggs. And you

guys keep chipping away and chipping

away at that middle class. And so right

now, Stephen, this late into the

conversation, still no plans on what to

do with inevitable massive unemployment.

And what I'm telling you is we're not

going to go necessarily to communism,

but we are going to wonder, wait, why is

everyone unemployed and and only a

couple of people have reaped billions or

trillions of dollars? So, and and and

come on, Kevin. You know, you know how

uh the economy works and the markets

work. Yes, you invest into it in the

beginning and that's why right now

they're theoretically losing billions of

dollars. Same exact thing that happened

to Amazon. And then later you make

billions and maybe even trillions.

That's why their stock prices are so

high. And so they're powered by that

investment and later they'll reap the

rewards. And when they reap those

rewards, it's fair to ask who got you

those rewards. It's not to say that the

entrepreneurs didn't and the employees

and the shareholders of those companies

didn't, but there were other factors

involved, including all the American

government and the American people that

supported the infrastructure that made

that happen. That conversation is going

to be inevitable when we have tens of

millions of people unemployed. And and

guys, there's one other factor that's

involved there. When you have a lot of

unemployed young men sitting around,

usually what happens is nothing good.

Wars happen, crime goes up. We have to

be prepared. And all I'm hearing from

the AI industry is like, as Kevin said,

chillax. Don't sweat it, bro. Don't

worry. We're going to have all the money

and then you guys, I don't know, you'll

figure it out and I'll be in Monaco.

Monaco. That was hilarious. Monaco.

So maybe that's where the child eating

robots are. Uh, so Kevin, be careful.

>> Kevin, your thoughts on that? No. No.

there's, you know, saying there's no

answers and we're we're being asked to

just chillax. I think Kevin, you do

acknowledge that there will be a change

in the occupation mix in America, right?

Even as a a founder and CEO myself and

as a business owner that employs

hundreds of people, I am thinking

differently about especially entry-

level positions in a way that I wasn't

honestly 6 months ago before some of the

models got more advanced, especially as

it relates to things like coding. But

I'm thinking very, very differently

about who to hire. And actually, one of

the things I find myself naturally doing

is the person that still is on the

coldface of hiring in my company is when

I see entry- level positions, the first

thing I'm looking for is if they have an

AI proficiency. And there are candidates

now, even for me at entry- level

positions that I'm not selecting for

because I realize that someone with an

AI proficiency in that exact same role

is now like a five or 10x person. And so

I I'm just experiencing myself making

different hiring decisions as a founder.

And I'm I'm sure you are as well. People

think that engineers are going to be

replaced by AI codew writing. Uh claude

is one of the tools being used right

now. But actually most engineers aren't

hired to write code. They're hired to

solve problems. They use code to try and

solve those problems. So you know

companies that have been firing people,

everybody's attributing it to AI. It's

not true. There's been a lot of fat in a

lot of these companies that hired trying

to assume what would happen next. They

got it wrong. So I don't think we've yet

seen what the outcome's going to be. I

tend to be the optimist as I talked

about other technologies in the past

being loathed for the fact that they

cause disruption. There is no question

AI is disruptive.

Um

>> Kevin, did you see this week Figure AI,

which is one of the humanoid robot

companies, did a live stream for I think

it was four days where they just showed

a robot um on a sort of factory floor

sorting out parcels for four straight

days and it it did it better and faster

than humans doing it. This was a

humanoid robot. And so the one of the

things I think about is if you listen to

someone like Elon Musk who's made a

prediction, this is a direct quote from

him. My prediction is that there will be

far far more robots like intelligent

robots in the world than there will be

people. Long term I think the ratio of

humanoid robots will be more like 2:1.

There might be two humanoid robots or

more for every one human. And when you

when you think about Elon Musk's

predictions over time, to his credit,

sometimes his time frames are wrong. But

when he says the rocket is going to land

on the chopsticks, the rocket eventually

lands on the chopsticks. when he says,

"My car in LA, my Tesla, will eventually

drive itself without me interfering,"

the car eventually drives itself. So,

with Elon's track record in predicting

what he'll be able to do with

technology, I think he's got a pretty

solid track record. So, when he says

these humanoid robots are going to be

better at surgery or cleaning or

whatever than humans in short order,

sometimes predicting, you know, time

frames of 2027, 2028, I tend to believe

him. Is he lying? Because if he's

telling the truth, what we're seeing is

both the disruption of intelligence, but

also, one could say, the disruption of

our muscles at the same time. And I

can't think of a comparable like the

industrial revolution where humans like

two real um sort of professional

productivity driving forces of their

brains and their their physicality are

being disrupted at the same time. And

just to give you another story to

overlay onto this, my co-founder and my

company called Third Webb, big company,

we've raised 30 odd million dollars.

It's out in San Francisco. I went down

to his his uh entrepreneurship

accelerator. I've not been there in 2

years. And I I arrived and I was like,

"Why is everyone building robotics?" And

he said to me, he goes, "Stephen, the

robot pieces have been here for decades.

We've always had them. What we've been

missing and the expensive part was the

intelligence." And he tooured me through

this 40,000 square ft um building called

Ethink down in San Francisco. And I saw

a robot cooking with a robot arm making

food. I saw a robot making perfume for

you. Whatever perfume you wanted, this

big machine that just makes it for you.

And he says, because we've got

intelligence and we've always had the

machinery, there's going to be this huge

explosion of robotics that we've always

been waiting for. Intelligence was the

missing piece. And now he says it costs

pennies and everyone there is building,

not software anymore. They're all

building robotics. And so for me, I was

like, wow,

the future's going to look very, very

different, I think, in short order than

the past. And I'm just a realist. So,

I'm not trying to be pessimistic or

optimistic. I think there's truth on

both sides. But Kevin, do you

acknowledge that the jobs that we have

today in large part are going to go

away.

>> Yeah. You know, I don't think um shaking

a perfume bottle is a great job for

anybody, but I do think, and I'll give

you two examples, cuz maybe you're right

about Elon, he doesn't get a big chunk

of his stock unless he populates Mars

with a million people. NASA announced 6

hours ago that they're going to put a

permanent

plant there on the moon, an established

base on the moon. Can you imagine the

hundreds of thousands of jobs just those

two activities are going to create to

actually execute on that highpaying jobs

engineers analysts coders everything the

manufacturing of facilities to take to

Mars to take to the moon I mean

everybody wants to talk about the guy

shaking perfume bottles losing his job

when you're talking about millions of

jobs on new opportunities for mankind

that no one even could think about 24

months ago that have been announced

today. So, you either have to be a

jaker, a doomser, like you know, it's

the end of the free world as we know it

and we're all going to be eaten by

robots or you're in my camp saying the

opportunity is so bright I got to wear

shades. I got to buy more sunglasses for

how bright the future is. This is an

unbelievable opportunity we're talking

about. And we're not wiping out jobs.

We're creating new jobs that are very

highpaying and really interesting for

people to do. Imagine somebody working

on the Mars project or putting data

centers in space or expanding the

telecommunications on Starlink. I mean,

these are the future jobs. No, you know,

I think the person that was born to

shake perfume would rather have a job

getting people onto the moon.

>> Just on this point, Elon, you mentioned

Elon's pay packet. Part of that is he

gets that big payout if there are a

hundred uh sorry, a million humanoid

robots um in very short order. And when

we think about who you might want to

send to Mars, a super intelligent

humanoid robot is probably much easier

to send than a biological human being

for v various reasons to do with

atmospheric pressure. But if if he's

right on both counts on both this

journey to Mars and humanoid robots,

presumably it'll be the humanoid robots

going. I just wanted Kevin, can you tell

me how you might be wrong? I think

that's quite important because I think

it it it shows your ability to see both

sides of the argument. Is there a case

where you could be wrong about this

about this unemployment issue?

>> No. How about that for an answer,

>> Jen?

Yeah. So, look, I shouldn't laugh too

hard because I'm trying to answer that

same question in my head. And Stephen,

it's hard to uh answer it from my

perspective because the interregnum is

just unaccounted for. So, here's what I

mean by that. So, even if we have

Kevin's beautiful uh sunshine scenario,

none of the robots ever eat the

children. I don't know why that keeps

coming back in, but anyway. Um so and

and we create all these wonderful jobs

in in some uh distant future. Well,

okay. Yes. But the nevertheless, the

truck driver and the assembly line guy

and all those folks already lost their

jobs. And the guy who lost his job on an

assembly line in Cleveland is not going

to be able to become the engineer who

figures out how to get on Mars. So, it's

not that he's not capable of it. he's

just 61 years old and he he can't learn

a whole new profession. So this is an

unrealistic conversation. So even if all

of the wonderful scenarios about AI are

true, it would take minimum 20 years to

get to this place where the robots are

running everything, we all have leisure

time and we just can't figure out what

to do with ourselves and we decide how

to get to Venus and and Uranus and

wherever else you want to go. Okay. But

in the meanwhile, in those 20 years, we

had massive waves of unemployment. It is

indisputable. Even as Kevin explains it,

he says, "Well, you know, you're not

going to be doing doing the perfume

shaking, you're not doing the assembly

line, you're not doing the driving,

you're not doing this, you're not doing

that. All those jobs are going to go."

And in fact, if you actually just listen

to folks on Wall Street, they brag about

it nonstop. Oh, we're going to get to,

you know, cut 25%. We're going to have

synergies. we're going to have cost

cutting. And then when people say that,

everybody gets the analysts get excited

and they're like, "Oh, bye, bye."

They're going to fire all their

employees. And then the other guy goes,

"No, no, no. I'm going to fire them even

quicker." And they go, "Bye, bye bye."

And not once have they thought, "Who's

going to buy the actual products?" And

they just don't have an answer for that.

So into into there is going to be

upheaval, massive upheaval. And it

doesn't And I'm not a doomsday guy. My

god, we have a thing called Operation

Hope on on the Young Turks. Um, we our

slogan is get caught trying. No, no, I'm

an enormously optimistic guy and I think

we can solve these issues, but we got to

try to solve them. And I don't see

anyone even trying to solve them now

again outside of Roana.

>> Kevin, I spoke to Dra, the CEO of Uber,

and I think I'm right in saying that

driving is the biggest employer in the

world. And when I asked Dra, who's the

CEO of Uber, if they're going to um

create autonomous vehicles very very

quickly to automate the 9.4 million

drivers that they have. He said that

they are. And then I asked him the

question, what will those 9.4 million

people do? And his response to me, the

direct quote is he said, I don't know.

Which is pretty pretty shocking. He also

noted that privately he said, "I have to

be honest. AI will replace 9.4 million

jobs at Uber. Tech executives are not

being transparent about AI. They talk

behind closed doors about the sheer

amount of disruption they anticipate,

but they don't talk about it publicly.

Look, I don't think we're going to make

any progress, more progress on this

issue." So, um, because

>> well, I think I think you're bringing a

great point, but the fact is we don't

know what comes next. Much of the reason

most people haven't posted content or

built their personal brand is because

it's hard and it's timeconuming and

we're all very very busy and if you've

never posted something before there's so

many factors in your psychology that

stop you wanting to post what people

will think of you am I doing this right

is the thing I'm saying absolutely

stupid all of these result in paralysis

which means you don't post and your feed

goes bare I'm an investor in a company

called Stanto which you've probably

heard me talk about and what they've

been building is this new tool called

Stanley that uses AI, looks at your

feed, looks at your tone of voice, looks

at your history, looks at your best

performing posts, and tells you what you

should post, makes those posts for you.

You can also just use it for

inspiration. And sometimes what we need

when we're thinking about doing a post

for our social media channels is

inspiration. Building an audience has

fundamentally changed my life, and I

think it could change yours, too. So,

I'm inviting you to give this new tool a

shot and let me know what you think. All

you have to do is search

coach.stand.sto. store now to get

started.

>> Steve, what are you doing?

>> Uh, just making myself a delicious

coffee

>> from the freezer.

>> From the freezer? Have you not heard

about CompTIA?

>> No.

>> Oh my gosh, this is going to change your

life. Couple of months ago, the founder

of this business called Matt sent a big

shipment of this coffee to our office in

London. What most people don't know is

that the processing of coffee takes out

a lot of the taste. So, what they do is

they flash freeze it at the optimal

moment when it's most tasty and they

send you in the post the coffee in these

little frozen ice cubes. Now, Matt sent

a big shipment to my office. I moved it

to the kitchen. I said to the team,

"Knock yourselves out." And then I saw

so many messages in our Slack channel of

people going, "Oh my god, what the hell

is that? It's so delicious." All I have

to do is pop it out in the morning using

the little button on the back of this

thing. I pour my hot water in and I mix

it and that is done. You can get $30 off

your first order of Cometier coffee if

you go to cometier.com/stephven.

Try it and please Instagram DM me,

LinkedIn me and let me know if you love

it as much as I do.

One of the things that's probably going

to be a disruptor to

AI's so I should say America's ability

to pursue these technologies is what's

going on with president approval ratings

at the moment. I've got this uh graph

here in front of me which you you know

you don't need to be able to zoom in to

see which shows that President Trump's

approval rating is declining rapidly in

part because of what's going on in the

Middle East. I wanted to get um Jenk

your opinion on what all of this stuff

is. As someone like me I don't really

know much about politics. I know that

there's these midterms coming up in

November time in the US, um, which is

going to be consequential, but from a

30,000 foot perspective, how do I how do

I pass out the truth of this war?

Because Trump seems to be saying

different things. Every day there's a

ceasefire with Iran, and then there's

and then they're bombing again. I think

2 days ago, they started bombing again,

which they call defensive strikes, and

then there's a ceasefire, and he says

there's a deal about to be done, and

then there's some bombing again. The

straight straight of Hormuse is open,

then it's closed, then it's I just don't

know what the truth is. Chank, in your

opinion, what is the truth? What's going

on?

>> Yeah. So, first let's start with uh the

president's polling numbers. Yeah.

They've been uh decimated by this war.

They were already in trouble because the

Epstein files and he didn't do anything

about affordability. Just gave a massive

tax cut for the rich as usual. Did

whatever Israel wants as usual. Uh and

so now, uh you know, he's eaten into his

own base. So, he's barely hanging on to

a majority of non-MAGA Republicans that

voted for him. Only 53% still support

him. He's lost about 20% of hardcore

MAGA. Uh his disapproval numbers are at

record numbers now. Um 68% of the

country thinks we're going in the wrong

direction. Uh he they about 76% of the

country is dissatisfied with how the

economy is going. And a lot of that is

because of the war. And so the war is

obviously driving up gas prices which is

then uh leading to uh inflation in other

areas. Of course a lot of things uh use

not just oil and gas but fertilizer

which has also been blocked uh through

the straight of hormuz. So we're we're

having an energy crisis um actually

mainly in Asia and Europe uh more so

than than even America. So that's why

the South Koreans are livid at the

Israelis that they're having to cons,

you know, conserve gas and go through

lean times because Israel wanted this

war and literally no one else on planet

Earth did. And so shortages in India and

this is all before we re-engage and

restart the war, which is what I'm

afraid is going to come next. So now

it's some folks have a hard time

believing this, but we we have to go

back to a conversation we had earlier.

Remember in America we legalize bribery.

So um one uh corporation can give to an

infinite amount to a super PAC uh

corporate interest, lobbyists,

individuals. To give you a sense of the

scale of the problem, one family alone

uh the Aden family, Miriam and Sheldon

Adlesen have given Donald Trump over

$317

million in campaign contributions. We

used to have a word for that. It was

called a bribe. And Trump is so

accidentally honest on this stuff, he

just can't keep anything in his head uh

from going outside his mouth. So he has

said, "Oh, Miriam, she cares more about

Israel than America, right?" I'm like,

"No, that's super awkward." And then he

says, "Oh, Sheldon Adlesen used to come

in here and tell me what to do all the

time." And then I did it, you know, and

I moved the embassy for the Adles, our

embassy in Israel. He's just, you know,

basically selling off our foreign

policy. To be fair to him, almost all of

our politicians do that. uh Israel gives

to 94% of Congress. So there Israel is

not some unique lobbyist that uh

community that is unseen in the world.

No, all the lobbyists do this. That's

why we give $35 billion in uh oil

subsidies which they're profitable

companies. That makes no sense. Why does

an average person have to give money to

Exon Mobile? That's insanity. Because

big pharma's lobby is so strong, we

can't negotiate prices. Now, when it

comes to Israel, that's when people lose

their minds. And mainstream media goes,

"Okay, you're right about big farmer.

You're right about big oil and defense

contractors and every other lobby. But

if you say the same exact thing about

Israel, we'll call you an anti-semite,

cancel you, and you're never going to

ever get another job again. No criticism

of Israel is allowed without us doing

massive oppression inside this country."

So, we've now got Israel that is totally

empowered to go, you know, rogue. They

don't follow any laws. They don't follow

the laws of war crimes. They've now

invaded Lebanon. They say they're going

to take all the way to the Latani River.

They're going to own southern Lebanon.

They've already ethnically

cleansed southern Lebanon, moved out a

million people to ethnically cleanse

Gaza. Netanyahu on tape bragged about,

oh, we used to have 53% of Gaza after

the war. Uh, now we have over 60%. So,

it was to steal land. That's what it was

about. It wasn't self-defense. Lebanon's

not self-defense. Israel invaded them.

Iran's not self-defense. We invaded

Iran. This war was utterly pointless,

especially from an American perspective.

Let me tell you what American interests

are and what Israeli interests are. And

they're very, very different. And in

America right now, because of we started

this war, we need the straight of Hormuz

open. That's what's hurting our gas

prices and all of our other prices and

affordability, inflation, all of that is

connected to the straight of horm. We

didn't have that problem before the war,

but now we have it. We've got to open it

back up. In order to do that, Iran has

an enormous amount of leverage. We've

got to make a reasonable peace deal.

Good news. We were about to have one

over this weekend. And all we want

theoretically is for them to take out

their to not make nuclear weapons. And

they've already promised 18 different

times that they wouldn't do that. They

did it under the Obama deal. They've

offered it before the war. They've

offered it during the war. So, that is

not an issue. And them promising it

doesn't mean anything. It has to be

verified. So what they're saying is yes,

we will have international monitors

verify that we will not have a weapon.

So that's the only thing that America

said they cared about before the war. So

then we're done. And we just killed 49

of their top regime leaders. Trump says

we destroyed their navy, their air

force, and everything else. We're done.

We have no American interest in there.

The only interest left is leave, open up

the straight of Hormuz so we can get our

economy back on track. Israel, on the

other hand, has said they would like,

and again, this is on tape. Netanyahu

said it. They would like to be the only

regional superpower in the Middle East.

In order to do that, they have to

destroy every other power in the Middle

East. Now, good news for them. They

completely control our Congress and our

presidents. So, uh they got us to they

literally gave us a list after 9/11 of

seven countries they wanted us to attack

on their behalf. We have attacked all

seven. Iran was the last one on that

list. So they want them destroyed so

that they can't fight back when Israel

takes more land as they are doing today.

They don't want anyone to be able to

defend themselves. They're going to kill

and take land as much as humanly

possible. And they want us Americans to

pay the bill. They say, "You owe us a

genocide. You owe us endless string of

wars. You owe us a global war on

terror." No, that was a global war on

Israel's neighbors. That cost us $8

trillion.

We gave $320 billion to Israel so far

already. Lifetime. Why? Why? Why don't

they give us the money back? No. They

say, "You owe us. You owe us. You owe

us. That's why we're in this war." And

by the way, the last thing, Stephen, is

while we're all distracted in Iran,

Israel has taken southern Lebanon. And

now they're saying they're going to keep

it forever. So that was the point of

this war. 100% Israeli interest, 0%

American interest. Let's get out of

there. Let's stop fighting Israel's wars

for them and come back home.

>> What about nuclear weapons? One of the

pretenses is that they were weeks away

from enriching uranium to a point where

that weapon could be used.

>> Yeah. So that's what Netanyahu has been

saying for the last 30 years in back in

the 1990s. Oh, they're weeks away.

They're weeks away. Do you know and you

probably don't know because American

media pretty much works for Israel. And

now when I say that guys, those are not

hyperbole.

Uh the Israeli lobby donate donates I

would say legally bribes like the other

lobbies do. 94%

of Congress. Number one lifetime donor

to Donald Trump is Israel. Number one

lifetime donor to Joe Biden. Number one

lifetime donor to Hakee Jeff, Chuck

Schumer, Mike Johnson. All of our

leaders, their number one lifetime donor

is Apac and the Israeli lobby. They

completely control our government. And

then our media comes and lies to us and

says, "Oh, they're the victims." Well,

we have eyes. We saw Gaza. Gaza is

utterly destroyed and Israel did that

with our money. That's insane. So, no,

we look, is I don't even think Israel is

an ally. I I don't know why in the world

we would ever serve a foreign nation.

They're treading all over us. They've

taken our sovereignty away. They've

taken our freedom away. And all we have

is these dupes in mainstream media

telling us about how they're doing

self-defense. Well, part of self-defense

is I take your land. Currently, they're

taping themselves

going into IDF soldiers are going into

Lebanese homes, Muslims and Christians,

stealing all their property. Then they

put it on online, go a look, we stole

other things. Then they destroy the

homes and they say, "Now this is Israeli

territory." That's not self-defense.

That's terrorism. It we are supporting a

terrorist nation and we're giving them

hundreds of billions of dollars and this

isn't even helping Israel. were enabling

their worst instincts and they're

getting the whole world to hate them.

How does that help Israel to have the

whole world despise you because you're

so selfishly driving up everyone's

prices and creating endless wars?

Literally, no other country on earth

wants this war in Iran to continue other

than Israel.

>> Kevin, you have a different perspective

on the um effectiveness and purpose of

the the original strikes that Trump did.

Are you supportive of this military

operation at large?

>> Well, you know, I'm not a show for uh

any politician. I focus on policy

because that's ultimately what survives.

Politicians come and go. Policy lingers.

I've always said that and that's as an

investor what you have to worry about.

So, um let's talk about the situation in

the Middle East for about 49 years. Um

some people would say 60. It depends

what you believed in the early years.

The Persians are were a very advanced

society in mathematics, poetry, art, you

name it. Uh they're very famous. And

then you have this small um

I I'm going to call it bad management. I

don't know what else to call it. that

took this society, brutalized the people

there, created a million um man army run

by 150,000 people, a super militia

um that caused a lot of chaos in that

region with proxies uh as people have

been talking about. Um and and the this

militia is is paid with cash that's

gotten from um the sales of of energy

and they would stop killing their own

people if they didn't get paid. So that

the the 150,000 that run that country

that brutalize the almost 100 million

others. I mean it's a really strange

platform that hasn't worked for the

people there for 60 years. But it it was

tolerated by all the neighbors until 6

months ago. the United Arab Emirates,

Bahrain, Qatar, Saudi Arabia, they they

wanted to stay out of it because it was,

you know, it was relatively calm. Every

6 months the hoodies or one of the

uranium proxies would blow up an oil

ship kept the insurance premiums 30%

higher and then the proverbial poo poo

hit the fan. Now, China, let's get down

to business, gets 48% of its energy

through that straight, as does many

other Asian countries. So, they, as Jake

pointed out, um,

uh, you know, basically are underwater.

They don't have energy, Jack, I should

say. So, you know, at the end of the day

here, um, there's a problem. And so,

what's going to happen when this is

over? Um, forget about Look, you can't

let a You can't let a society that 150

people there say, "Let's kill

everybody." I mean, they're on a

different kind of mandate. They they

they're a little a little strange. You

don't want to give those people a

nuclear bomb. I don't care who you are.

They're just offside. And they they're

happy to kill their own people, but I

don't want them killing everybody else

with interbolistic missiles. So, no,

they can't have 90 pounds of rich

uranium. and they're not going to get it

and they're going to keep getting bombed

until they give it up. And at some

point, somebody in there is going to

say, "Whoa, uh, they're really we're

getting tenderized in here and we got to

stop this and we got to get the best

deal we can." We want to stay in power

to keep killing our people as long as we

can because we're the 150,000 guys that

live very well and everybody else lives

like crap. And that's just the way that

society works. And if the people want to

rise up and kill the 150 that are

killing them, they will one day. I don't

know. But here's what I think. I think

the actual countries around there are

going to end up in the same boat that we

have in the Suez and Panama canals where

there's a fee to go through, but it's

managed so that no country, including

China, gets to run it. And so that has

already found peace and all the shipping

lanes are open and the insurance rates

are normal there. So, if you're Saudi

Arabia, you got let's let's say it costs

five billion a month to police the

strait. Okay, that's a good number

because I'm probably right, pretty close

to it. That's nothing for the UAE and

for Saudi Arabia and Qatar, Bahrain.

They're going to need it open. So, if

they have to be like the United Nations

for that region and keep it open, that's

great. Now, I'm staying long the UAE

because I've invested there in in ADGM.

I have a company there. I've got

employees there. I talk to them every

day. I think this is going to end soon.

But I would like to see it in a way that

Iran is isolated. Maybe, you know,

they're not they can't control the

strait and they can't have the nukes.

Those are the two things that I think

have to be resolved. And then if they

want to brutalize their people forever,

okay, you know, they're going to do

that. It's a horrible outcome for those

people. I feel terrible for them. But

this outcome is a good one. If we

resolve those two things, new policing

of the strait, that would be great

because the Chinese need that, they want

that. And at some point, they're going

to squeeze the heads of these Iranian

leaders, whoever they are. They keep

getting killed and a new one pops up

like whack-a-ole. But that's just the

way that regime works. And nobody's

willing to to say, "Look, I I want to

take them over because you got the army

still being paid." But by blocking that

straight for the last 60 days, the the

amount of money they're losing is 210

million US per 24 hours. So at some

point, whoever's running the show there

is going to say, "If we can't pay our

soldiers to kill our people, we're going

to be screwed. They're going to come up

to the top of the castle and take

Frankenstein out." So we got to make

sure we cut a deal. That's why I'm

optimistic. The price of oil is down

almost 16%. It'll get back near 70. I

don't know what that's going to do for

the midterms because, you know, yeah,

the numbers are terrible, but every

incumbent gets screwed in the midterms.

It's it's just the nature of how it

works. Now, whether they lose the

Senate, I don't know. Are they going to

lose the House? Who knows? But if

gasoline's back to 70 bucks, we won't be

having this narrative about

unaffordability around energy in the

United States. And you just don't know.

But I do know that the status quo

because the UAE and Qatar and Bahrain

left those Iranians alone until they

rained missiles on them. Now they're

pissed. And so it's not business as

usual. And so I think the the winds of

change are going to blow through there.

And maybe the upside is the great

Persian people get better leadership

because boy, their leaders suck.

>> Jenk, it sounds like an optimistic um

outcome is being forecasted by Kevin and

I can see you nodding your head there in

a disagreement, shaking your head.

>> Yeah. So, look, again, I'm normally an

optimist here, but we've gotten

ourselves uh in some significant ruts

here. So, uh first of all, u you know,

this whole idea of the Iranian regime is

bad. Okay. Yeah, it is. Uh, it's Muslim

fundamentalist. I don't like

fundamentalists of any religion. I'm an

atheist. Uh, you know, they abuse their

people and they're corrupt. No question

about it. Netanyahu is corrupt. He's up

on corruption charges that seem to never

come. Uh, the Israeli settlers are

religious fundamentalists, biggest

lunatics on earth. They think that God

said to kill the Palestinians and take

their land, and we fund them. We give

them billions of dollars. So, I'm not in

favor of any of these uh

fundamentalists, no matter what religion

they're from. Now, on the issue of

nukes, uh, that you asked about earlier,

Stephen, you know that the reason I

brought up American media is because

they pretty much do nothing but Israeli

propaganda, they never clarified to

anyone. You know that Iran doesn't have

a missile that can deliver any warhead

to America. It just doesn't. It's that

it's never had it. It didn't have it 30

years ago when Netanyahu started saying

it. It doesn't have it today. So, and

they never enriched uranium up to 90%,

which is where you would have to get it

for weapons grade. They get up to about

60% and then we destroy their nuclear

facilities and Trump bragged about it

and now all that's buried underneath. So

where's the question? They're not even

close. And and again they've promised

not only to this repeatedly in

negotiations, but the former Grand

Ayatoll, the one we murdered, uh had

done a fatwa, the most important

religious edict in Shia Islam, when he

said we are to never build nukes. So

when they Hamas has something in their

charter, the Israelis say oh the charter

is the most important thing. Then the

grand ayatollah does a f way import more

important than a charter and they go

ignore that. Ignore that. No, no, don't

ignore that. And why would Iran ever use

a nuke? If they use a nuke then we

either Israel or us would strike back

and would kill 90 million Iranians.

Nobody wants that. They they want you to

believe that the Iranians are irrational

psychotic terrorists. Boo. They're

Muslims. Oh, that's super scary, right?

No, there is an irrational government in

the Middle East. It's it's Israel.

They're the Iran did not attack a single

neighbor. Israel has attacked seven

neighbors. Iran hasn't asked us for a

single dollar. Israel asked us for

hundreds of billions of dollars. So

there's one country that is constantly

attacking their neighbors and taking

land. And by the way, the ter the

civilian kill ratio of the IDF is 83%.

83% of the people that they kill are

civilians. That is higher than Hamas or

Hezblah or any terrorist group on earth.

and they kill about a hundred times the

civilians of Hamas. So if Hamas is

terrorist, it is absolutely indisputable

that Israel is a terrorist government.

And yet we're forced to fund that when

we don't have any money. They have

universal healthcare. They have free

college. They have paid family leave. We

don't have any of that. And then our

greedy and corrupt politicians and media

tell us that we owe the Israelis more

war and more genocide. The reason why I

think we're in a lot of trouble here and

it's not going to be easy to resolve is

every time we get close to peace.

Netanyahu calls Trump literally happened

this weekend. Right after the call,

Trump then goes back to wararm

mongering. After the call, we bombed

Iran. Israel started heavy bombing of

Lebanon. And then Trump came up with

three new totally impossible things.

Give me all the highly arrange enriched

uranium on day one. Well, it's buried

under the ground. It's going to take

months to take out. Uh, number two, uh,

you all have to join the Abraham

Accords. The Abraham Accords, again,

American media paints it as, oh, this

wonderful peace plan. It's no such

thing. It's to normalize relations with

Israel and start doing trade with Israel

without getting a promise back that

they're going to end the occupation. It

is betraying the Palestinians and saying

the Israelis can permanently occupy

them. By the way, again, never talked

about in American media, but I we read a

lot of this in the Israeli press and

that's why we get a lot of our

information on the Young Turks from them

because they actually do pretty good

reporting in Israel. And so, uh, one of

the things is they believe in Greater

Israel. They talk about it all the time.

Our press never talks about it, but they

do. They know they stole our nuclear

secrets. They know they stole our

nuclear triggers and our uranium. What

kind of an ally steals all of our

material? And and so but last thing,

Stephen, the most important impossible

thing was Netanyahu demanded, he made

this public, that everyone else stop

fighting except Israel, that they have a

right to keep attacking and invading and

taking southern Lebanon. Well, that's

not a peace deal. Nobody's going to sign

on to that. So, and and Israel has said

no matter what happens, they're going to

keep attacking Lebanon. That means even

if Iran and America make a peace deal,

Israel will literally ruin it on a first

day. So we can't ever get to peace as

long as we're allies with Israel. It's

literally impossible. They're massive

wararm mongers. And they say we need

endless wars. And by the way, it makes

sense because they're a settler colony.

In order for a settle settler colony to

expand, you need permanent war so they

can keep taking more land. We shouldn't

be funding these terrorists. We have a

way of getting out. This is what you do.

You just say, "Hey, we make a peace deal

with Iran. We take Israel out of it.

Israel, you want peace, you have peace.

If you want war, have war with Iran.

It's not our business."

>> So, what's what what are you predicting,

Jenk, is going to happen? What is your

prediction?

>> Disaster. A positive disaster. So,

there's no way we're going to get to

peace because Israel says their line in

the sand is they're going to keep

attacking Lebanon. As long as they keep

attacking Lebanon, Iran is not going to

get to a peace deal.

>> What does disaster mean specifically?

Oh, disaster means we re-engage in the

bombing. We have 50,000 ground troops on

those ships. People forgot that we're

there. Of course, it has to be American

ground troops. It can't be precious

Israeli ground troops because Israeli

lives are apparently worth more than

American lives if you listen to American

politicians. So, we have the ground

troops there. We're going to very likely

do more disastrous bombing of Iran. And

then Iran is going to bomb the oil and

gas fields in of the Gulf countries. And

then not only will gas prices go

absolutely through the roof and cause a

massive economic recession, perhaps

depression worldwide, but on top of

that, then uh they're going to say,

"Well, it's not enough. We want more."

And the infrastructure is already

destroyed. It's going to take 5 to 10

years to rebuild that infrastructure.

They're going to do permanent damage to

our economy. Why? They want more land.

Enough. enough with supporting the

terrorists.

>> Kevin, is it fair to say if you look at

what Trump said over since the start of

this war that he miscalculated this

because he gave us a window of time when

it would be over and that window of time

is now long gone. And it appears to me

like he thought it would be similar to

Venezuela where you could just go in

there, boom, boom, boom, regime change,

you control the country. But that's

clearly, I mean, just like a logical

impartial person, that's kind of like

how it looks.

This is different because this war is

what I would call the first tech war um

ever. A lot of the ordinance being used

um is with very advanced GPS systems

controlled from space. We've learned

something else uh which is rather

interesting. The I learned this from my

own employees that are sitting in Abu

Dhabi and Dubai. The drones that came

over in the first four weeks, those

waves every morning were basically

carbon fiber wings with lawnmower

engines on them and and very inexpensive

to make about $35,000. and we shot them

down or at least the UAE did with

American ordinance between a million2

and $3 million per missile on a $35,000

homemade drone. And so it goes back to

um wow I hope the Pentagon has enough

compute power because I wouldn't want