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DOGE unveils a roadmap, Unlocking GDP Growth, WW3 escalation, Fat cell memory

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DOGE unveils a roadmap, Unlocking GDP Growth, WW3 escalation, Fat cell memory

Transcript

1832 segments

0:00

Jamal do you hear that freeberg got

0:02

busted looking at porn on his

0:03

computer no I did not you got busted

0:06

looking at porn you want to know what it

0:08

was yeah it was Elon of AES Wall Street

0:11

Journal off that it was I lost it oh man

0:15

was too good I think he was pleasuring

0:17

himself to that

0:20

off skin flute what happened you had to

0:24

go for a quick game of pocka pool how's

0:26

you oh my God it was it was too exciting

0:29

you were beating the bishop Allison came

0:31

in and just like wondering what was

0:32

going on she grabbed my computer she

0:34

looked at it and it was an

0:37

essay let your winners

0:39

[Music]

0:44

ride we open sources to the fans and

0:47

they've just gone crazy

0:49

[Music]

0:52

withen all right before we get to Doge

0:56

we got a little housekeeping a little

0:57

Housey housekeeping you know we're

0:59

getting into the holiday spirit here

1:00

it's Episode 205 we're in year 4 and

1:04

we're having a Christmas party it's

1:05

going to be great the Allin Holiday

1:08

Spectacular is happening in San

1:11

Francisco on Saturday December 7th I

1:15

think the VIP sold out there's still

1:17

some tickets left go to allin.com

1:19

events and uh if you can't make it to

1:22

San Francisco I think you can buy a a

1:24

ticket for $50 on uh on the uh Zoom I

1:28

think we're going to have it on Zoom is

1:29

that right am do I have my fact straight

1:31

there

1:32

freeberg yeah there's going to be a live

1:35

stream thanks to zoom for setting this

1:37

up for us it's kind of interesting

1:39

they're doing this thing where you could

1:41

you kind of you know get access to Live

1:43

Events so they're helping us get this

1:46

set up if you want to watch the the

1:47

stream live on Zoom anything's possible

1:51

it could be spicy true that true that

1:53

all right listen bestie Elon and bestie

1:56

V wrote an OP ED a barn burner in the

1:59

Wall Street Journal about Doge the

2:03

department of government efficiency and

2:06

they laid it out they want to cut

2:07

overbearing and unnecessary regulation

2:10

obviously they want to cut unnecessary

2:12

administrative roles save taxpayers

2:14

money they want to run it by Founders

2:16

not politicians helping the Trump

2:19

transition team find a way to hire quote

2:22

a lean team of small government

2:24

Crusaders team's going to work closely

2:26

with the White House Office of

2:27

Management and budget here's the plan

2:30

First Take Aim at 500 billion in annual

2:33

F Federal expenditures that are

2:35

unauthorized by Congress then fix the

2:37

government's procurement process by

2:38

conducting massive audits during

2:41

temporary payment suspensions this is an

2:43

interesting Playbook that Elon has done

2:46

before so basically suspend all the

2:49

payments and hey let everybody audit

2:52

those payments Drive change through

2:55

executive action based on existing

2:57

legislation rather than passing new laws

2:59

and two two scotus rulings are going to

3:01

play a major role here West Virginia

3:04

versus EPA that's when scotus ruled that

3:06

federal agencies can't impose

3:08

regulations dealing with major economic

3:11

or policy questions unless Congress

3:13

authorizes them to do so and Looper

3:15

brigh versus Rondo that's from 2024 and

3:19

that overturned the Chevron Doctrine we

3:20

talked about that on a previous episode

3:22

so according to Doge when combined quote

3:26

these cases suggest that a plethora of

3:29

current Federal Regulations exceed The

3:31

Authority Congress has granted under the

3:33

law do will use software and legal

3:36

experts to create a list of regulations

3:38

that Trump can immediately pause they're

3:40

going to make some sort of a leaderboard

3:42

Elon said

3:44

and vake said he would do he suspended

3:47

his existing podcast I didn't know he

3:48

had a podcast but he's doing a doge cast

3:51

a doge podcast and so freeberg this has

3:55

been you know a major issue for you you

3:57

you've been talking about on this

3:59

podcast

4:00

the unsustainable existential issue for

4:03

our country is all of the debt we have

4:08

what are the chances that this is going

4:11

to occur because obviously we all know

4:13

the machine is going to fight to

4:15

preserve the machine chances that we are

4:18

sitting here in four years and we've

4:19

seen meaningful Cuts in spending and a

4:22

meaningful reduction in size of the

4:24

government look it it Doge has probably

4:27

18 months to do what they can do before

4:31

the midterms and there's going to be an

4:33

inevitable amount of recoil and backlash

4:35

that's going to arise from the actions

4:38

that they're going to try and take and

4:39

president Trump's going to try and take

4:41

uh under the uh recommendations provided

4:43

by Doge um so they need to move fast and

4:46

aggressively and that's only going to

4:47

cause The Recoil to be harder and and

4:49

faster there's going to be a ton of

4:51

litigation obviously everything's going

4:52

to go to court it's going to be um

4:55

incredibly politicized what is

4:57

frustrating and challenging to me is

4:59

that there is nothing that they said

5:01

that doesn't seem obvious and right I

5:03

don't know how you can politicize the

5:06

points that they're making put aside

5:07

their party put aside who they are

5:08

individually put aside how we got here

5:11

at the end of the day this federal

5:13

government needs to be run more

5:15

efficiently more effectively it is

5:17

unfair and it is a tax on every one of

5:20

us to have money thrown away to have

5:22

wasted Capital to have bureaucracy that

5:24

gets in the way of people being able to

5:26

do their jobs it is a tax on all of us

5:29

and our kids and our future it needs to

5:31

be fixed if it doesn't get fixed as I've

5:33

said countless times before we are in an

5:35

arithmatic debt depth spiral there is no

5:39

way out of it so by resolving both the

5:41

inefficiency reducing the bureaucracy

5:43

stopping the wasteful spending having

5:46

accountability in the or in the

5:47

government we can actually get the

5:49

United States another 50 years a 100

5:52

years whatever long we want but we were

5:54

literally in a death spiral leading up

5:56

to this moment and I have no idea how we

5:58

ended up on this time timeline I was

6:01

over the moon and shocked when I read

6:04

all of the progress over the last couple

6:05

of weeks and putting this thing together

6:07

I did not know that this is where we

6:08

would end up I couldn't be more happy

6:09

with what I think is going to happen

6:11

with Doge and its effect on if not

6:13

actually making the changes shining a

6:15

light on the issues that need to be

6:16

addressed and I will say it is unfair to

6:19

Americans for this to be politicized the

6:22

Democrats shouldn't make this a

6:24

republican issue this is not about

6:26

Republicans doing damage this is about

6:28

doing the right thing for the government

6:30

for the country and the Democrats had an

6:32

opportunity to own this issue and

6:34

instead they've chosen to oppose it

6:35

which makes no sense it is frustrating

6:38

and challenging to me as an American to

6:39

think that this is even a political

6:41

point this should be a what's right for

6:43

America point it's almost like we're

6:44

going to war war with ourselves with our

6:47

bureaucracy with the morass that's been

6:49

built up over the last couple of decades

6:51

and I'm thrilled that this is happening

6:53

and frankly put the put the people aside

6:55

maybe it's the fact that you need people

6:57

that are as outspoken as challenging as

7:00

difficult as these two particular

7:01

individuals are going to run this group

7:03

but that might be what it takes for it

7:05

to happen in the small 18mon window that

7:07

they have so I don't know that's my rant

7:09

on it yeah great rant and uh we had a

7:11

Milton fredman clip go viral and he

7:14

spoke exactly about his positions on

7:17

what he would eliminate departments like

7:19

agriculture Commerce education let's

7:21

just play that clip and then there was

7:23

obviously the Malay interview by Lex

7:25

Freeman earlier this week keep them or

7:27

abolish them Department of Agriculture

7:30

abolish gone Department of Commerce

7:33

abolish gone Department of Defense keep

7:36

keep it Department of Education abolish

7:39

gone energy abolish Health and Human

7:43

Services there is room for some public

7:45

health activities to prevent uh uh

7:48

contagion will'll eliminate half of the

7:50

Department of Health and Human Service

7:51

okay one half there we go Housing and

7:53

Urban Development down done that's gone

7:56

Department of the Interior the problem

7:58

there is you first have to sell off all

8:00

the land that the government owns but

8:02

that's what you should do it could be

8:03

done pretty quickly you should do

8:06

Department of Justice oh yes keep that

8:08

one keep that one labor no gone State

8:12

keep keep it Transportation Gone Gone

8:16

the treasury you have to keep it to

8:19

collect taxes all right collect taxes

8:21

through the treasury sax you see that

8:22

clip you see the activity going on with

8:26

Doge do you think that the machine will

8:29

allow what Milton Freeman is describing

8:31

there what Javier Malay is doing in

8:34

Argentina and what Elon is proposing

8:37

with Doge do you think the machine's

8:38

going to

8:39

allow you know the

8:42

wholesale deleting of Department of

8:45

Agriculture Department of Education at a

8:47

federal level and move all that stuff to

8:48

the states what do you think's going to

8:50

happen here and how hard will the

8:53

machine fight back against this in your

8:55

mind because hey you might have some

8:58

Republicans some Democrats they fought

8:59

really hard to get jobs to get subsidies

9:02

to put in factories whatever from the

9:04

federal government are they going to

9:05

just give that all back the clip is from

9:08

1998 by the way Sach your

9:10

thoughts well that Milton Freeman clip

9:13

as great as it is I mean it really is

9:15

outstanding is setting expectations a

9:18

little bit too high here I mean we're

9:19

not going to be able to wipe out entire

9:21

major Departments of the government that

9:23

are cabinet level positions I don't

9:25

think that's in the cards what mil

9:27

Freeman's basically describing as a

9:28

night Watchman State and I don't think

9:30

we're going to get back to that however

9:33

if you look right now at the opinions on

9:38

the Legacy Media msdnc CNN all that kind

9:41

of stuff they are forecasting that doge

9:44

is going to amount to nothing they're

9:45

basically saying that the powers that be

9:47

in Washington are going to rejected

9:49

completely there's somehow going to be a

9:50

falling out between Elon and djt they're

9:53

just very cynical gjt and then you have

9:56

people who are not

9:59

necessarily dismissive in that way in

10:03

the media but just kind of longtime

10:05

Wasington insiders who feel like they've

10:07

seen it all before and nothing ever

10:09

happens and so they're just very jaded

10:10

and cynical so I would say that you know

10:13

again I wouldn't have the expectations

10:15

of the Milton Freeman level but I think

10:16

that the expectations for Doge right now

10:18

are being set incredibly Low by the

10:21

media and by the Washington insiders and

10:24

I think there are good reasons to

10:25

believe that the results will surpass

10:28

those those low

10:30

expectations number one is you've got

10:33

Elon Musk running this thing with fa and

10:36

Elon understands better than anybody the

10:38

impact of delarius regulations on

10:41

business so he can really put a

10:43

microscope on that he's got the largest

10:45

speech platform in the world with x the

10:47

largest account on X and he's also built

10:50

a get out the vote operation that he

10:54

funded in the last election that he's

10:56

promised to keep around and potentially

10:58

expand so his influence hopefully is not

11:02

going anywhere he's going to be able to

11:03

keep using that to help keep politicians

11:08

on side here right yeah so that's number

11:11

one is no one's ever made money betting

11:13

against Elon Musk and I don't expect

11:15

that to start right now number two is

11:17

you got V who is co-head with Elon of

11:21

this thing and I think he's a perfect

11:23

partner for Elon because V first of all

11:26

he's a brilliant guy with a lot of

11:27

success in business but he's also a

11:30

Harvard trained lawyer he's a brilliant

11:31

legal mind and I think you could see in

11:34

that oped I suspect the parts that were

11:36

citing all those Court decisions were

11:38

his influence and so they figured out a

11:40

legal road map here it's not just a

11:43

matter of kind of going to Congress and

11:46

hoping Congress acts they've got a way

11:48

here sequentially to do this through the

11:50

executive branch through executive

11:52

orders going through the court system

11:54

they've kind of got a game plan here

11:55

that's not entirely reliant on

11:57

legislation so I think think

12:00

the's influence and and sort of legal

12:04

strategic mind is a is a big asset here

12:07

and then I think the third reason to be

12:08

optimistic is just the fact that this

12:10

was printed on the Wall Street Journal

12:12

oped page is suggestive in and of itself

12:16

what this shows is that this Doge effort

12:20

is I think uniting both the kind of

12:22

populist reformers and the establishment

12:25

types within the party if Elon and aake

12:29

were're trying to get a mandate for no

12:31

more Forever War I don't think the Wall

12:32

Street Journal will be publishing that

12:34

right just would not happen so there are

12:36

are reasons to believe that this will

12:38

not actually divide the party that the

12:40

party could building yeah could be yeah

12:43

now look every congressman and every

12:45

Senator is still going to advocate for

12:48

their pork barrel project in their

12:50

District or their state and it's going

12:51

to be very hard to push back on that

12:53

however you could imagine a process like

12:55

we had with the base closure commission

12:57

when the United States needed to close a

12:59

bunch of military bases and they created

13:01

a an outside commission to recommend the

13:03

cuts and everyone kind of shared the

13:05

pain equally maybe do could somehow play

13:08

into that for trade a bit yeah so I'm

13:10

not saying it's going to be perfect but

13:12

I do think that if

13:14

Republicans share a principle across

13:17

again both these establishment and the

13:19

populace side it would be in reducing

13:22

unnecessary regulation and the number of

13:26

regulators needed the number of

13:28

government employees needed to enforce

13:29

all those regulations so I'm hopeful

13:31

that they'll be able to get something

13:32

done within the party and since the

13:34

Republicans have the trifecta if they've

13:37

got Trump's leadership and they've got

13:39

the leadership of the Senate and House

13:41

backing it I think they'll be able to

13:42

get something done again it's not GNA be

13:44

it's not gonna be Milton Freeman level

13:46

but I'm optimistic they'll get something

13:48

good and important done I think the

13:50

easiest thing for them to get done with

13:52

doge is the naming the shaming the

13:54

auditing the transparency of what we're

13:57

actually spending because so many of the

13:59

audits Jam off are just not completed

14:02

people don't know what's being spent and

14:04

if you show Americans a $112,000 hammer

14:07

or people with job titles not coming

14:09

into the office or coming into the

14:11

office one day a week one day a month

14:14

that's going to infuriate taxpayers and

14:16

I think there's a very easy way to

14:17

navigate all this you just create the

14:19

leaderboard and you not only shame

14:21

people who are wasting our tax dollars

14:23

you celebrate the people who are heroes

14:26

Who start showing frugality and cost and

14:29

they're going to do this with a

14:30

leaderboard of the heroes and the goats

14:32

this could be the unifying not just the

14:34

Republican party as as sax is pointing

14:36

out shof I think this could unify the

14:38

whole country is there anybody paying

14:40

taxes that wants to see money wasted

14:43

that wants to see us pay people high

14:44

salaries to not come to work shath

14:47

what's your take on the sequence of

14:48

events here what are easy layups that

14:52

they could actually get done and then

14:54

where is the machine going to fight and

14:56

try to stop this thing I think you

15:00

are highlighting something that they can

15:01

do right away which I think is very

15:03

powerful which is just using these

15:05

distribution channels that Elon has now

15:08

to create a massive layer of

15:11

accountability I do think that Sunshine

15:14

is a really incredible disinfectant I

15:17

think the best way that they could start

15:19

if possible is to stop paying their

15:23

vendors until you actually have some

15:25

amount of accounting to figure out as

15:27

you said how many $600 soap dispensers

15:30

are actually being bought and sold now

15:33

that kind of whatever you want to call

15:35

that corruption or grift it's not going

15:37

to account for hundreds of billions or

15:40

trillions of dollars but I do think that

15:43

it is a very moral and symbolic win that

15:46

says we're going we're going to start to

15:47

get much more rational and it starts to

15:52

allow the average American to actually

15:54

feel like they have a little bit of

15:56

control and they have a more vested

15:58

interest

15:59

in how the governments M but I want to I

16:02

actually want to take a step back for a

16:04

second and before I talk about what Doge

16:06

can do I just want to highlight

16:08

something that's been going on in

16:10

California because I think it it

16:11

explains a lot in California and I'm

16:14

just going to read this St because it's

16:15

incredible the regulatory burden in

16:19

California as a state from 1997 to 2015

16:23

this is when the data is available that

16:25

I found has increased by almost 50%

16:30

as of May of

16:32

2022 there are almost

16:36

61,000 individual regulations in the

16:39

state of California so what does that

16:42

mean and where does it come from and

16:45

Nick if you can just put out the tweet

16:46

it has happened over a period of time in

16:50

which the government has been the

16:54

absolute singular source of employment

16:58

in the

16:59

state and we talked about this before

17:02

where this is also a problem at the

17:04

federal level when you look at GDP and

17:06

job growth because it looks like a lot

17:08

of these jobs are actually fake

17:10

manufactured government type jobs so why

17:12

is this a problem you've seen in

17:14

California the issue that we have is

17:16

that if you

17:17

have a growth in the number of employees

17:20

in this case in California all the job

17:22

growth in recent memory has been state

17:25

employees what is the byproduct

17:27

regulations go up what is the byproduct

17:30

of that there are actually no private

17:31

sector jobs and more to the point the

17:33

private sector flees so now let's bubble

17:36

that up and look at the federal

17:38

government Nick if you want to just show

17:39

that chart that I that I sent you what

17:42

is incredible jcal is that the more

17:45

people are hired by the

17:46

government lo and behold what do you see

17:49

the number of regulations issued by

17:51

federal agencies has just continued

17:54

unabated year in year out you cannot run

17:58

a country like

18:00

this

18:01

so these accumulate right Congress is

18:04

doing less and less of a job actually

18:07

trying to frame how the country should

18:08

work that white space is filled in as

18:11

freeberg said by these federal agencies

18:14

it compounds and accumulates this is not

18:17

replacing laws none of these regulations

18:19

have expiry dates and so as a result I

18:23

think what you probably have is an

18:25

incredible restraint on the US economy I

18:28

think that the US economy could be

18:31

growing at four or

18:33

5% but the reason that it doesn't grow

18:35

at four or 5% is in that one single

18:37

chart it is impossible to be able to

18:40

live up to your economic potential when

18:43

you have this burden on your neck so I

18:46

think the real opportunity for doge is

18:49

to basically do whatever it needs to do

18:52

using the law to wipe as many of these

18:55

regulations off the books we are better

18:59

cutting them all to zero and then

19:01

finding the ones we really need and then

19:03

repassing those then we are going at

19:06

this peace meal and there's some incred

19:09

there's some incredible ideas by the way

19:10

that this creates Nick I don't know if

19:13

you can find this tweet but Doge asked

19:15

what people think of the

19:17

IRS and there was an enormous amount of

19:20

activity that essentially said give us a

19:22

flat tax and wipe out the tax

19:25

code and people were very flexible in

19:28

the of tax that they were willing to pay

19:30

but could you imagine the

19:32

simplification in the tax code and the

19:34

implications of that I was in Singapore

19:36

by the way 10 days ago when I started my

19:38

trip Nick beep out the name of the

19:40

person I'm about to say but I had a long

19:42

meeting with who you know is there and I

19:46

was asking him the

19:48

complexity of dealing with taxes he's

19:51

like what do you mean we don't we pay a

19:53

very simple tax system there's no

19:55

capital gains in Singapore and so as a

19:56

result our filing requirements are diim

19:59

small but as a result people like him

20:02

meaning great entrepreneurs can spend

20:05

all their time thinking about what to

20:06

build not how not tax optimization

20:09

exactly not or how to account for it so

20:12

could you imagine if these guys

20:13

basically use Doge as a mechanism to

20:16

shrink the tax code create a flat tax

20:19

potentially I know that that has to be

20:20

passed by Congress I understand that but

20:24

the idea of just cutting this all the

20:27

way down and then finding through that

20:29

process what you actually need I think

20:32

can find America 100 200 basis points of

20:36

GDP growth it could be an economic

20:38

Renaissance I mean just to build on that

20:40

cutting all the regulations to zero you

20:42

might have throw out some babies in the

20:45

bath water so why not put a clock on

20:46

them and just say whenever this was

20:48

enacted plus five years and then it

20:51

rolls off or plus two years whatever

20:53

number of months and then you could have

20:55

them Cham rolling off every month to be

20:59

but it I think that's a good idea but

21:01

Jal I think you first have to cancel all

21:03

these regulations and then say whatever

21:06

we need we will reenact P your point on

21:08

a five-year shock clock that then has to

21:10

be renewed in a new Congressional period

21:13

And I think that that's extremely

21:15

healthy well because you know what

21:16

people die paradigms shift and then

21:19

nobody even remembers these regulations

21:21

you have to do archaeology to figure out

21:22

who created this what was the intent and

21:25

you would never do that you would never

21:26

live Sachs with all of these rules

21:29

forever just one last comment In

21:31

fairness to these government

21:33

employees the one thing is that it's not

21:35

their fault right meaning in the sense

21:37

that they were hired into a regime where

21:40

the incentive was to regulate so that

21:43

you had things to oversee and so they

21:46

did their job in fact I would say they

21:48

did their job incredibly well but the

21:50

point is that now we need to Pivot for

21:51

them to do a totally different job well

21:53

chath I'll hand this over to free

21:55

freeberg freeberg if you were to get R

21:59

rid of regulations as somebody working

22:00

in the government you might work your

22:02

way out of a job so the incentive is

22:04

completely perverse and revers to what

22:07

we actually need in the country Which is

22:09

less regulation more thoughtful

22:11

regulation and some process by taking

22:12

these things on and off the books and

22:14

adapting them to reality yeah this is

22:17

where I

22:18

think I think we've talked about this

22:20

many many times in the past but like all

22:22

organizations have a natural tendency to

22:24

grow they they want to grow they're not

22:26

yes like find me one nonprofit or find

22:29

me one University or find me one company

22:32

or one government agency that's ever

22:34

said my job is to shrink myself it's

22:37

never happened so why does that happen

22:40

well if you look at the like daytoday

22:42

operating role of each individual over

22:45

time like all individuals they want to

22:47

do more they want to have a bigger

22:48

impact they want to have more scale they

22:50

want to have more leverage so there's

22:52

this natural set of incentives that

22:53

drives a lot of choices and operating

22:55

procedures on the ground that create

22:57

more

22:59

more scale more leverage and drive more

23:01

hiring everyone wants to become a

23:03

manager of people they don't want to

23:04

just be doing the same IC job forever

23:06

individual contributor job forever so if

23:08

they want to be a manager they got to

23:10

find more stuff to do and then they got

23:11

to hire people to do that stuff so all

23:13

of these organizations whether again and

23:15

we've all been on Boards of nonprofits

23:17

I'm sure and we've all been involved in

23:19

this sort of thing there's always this

23:20

like incentive to raise more Capital to

23:22

hire more people to do more stuff that

23:24

sort of it's really unclear until you

23:26

really dig into the psychology of each

23:28

individual a person working there why

23:29

this is happening I don't think that the

23:31

federal government is any different each

23:33

of these people feel they want to be

23:34

more important they want to have a

23:36

bigger role they want to have a bigger

23:39

impact J if your job direct

23:42

directionally is to regulate then what's

23:44

the scaler on regulation more regulation

23:47

so therefore to do more you have to

23:49

regulate more there's no regulator that

23:51

says I want to regulate less over time

23:53

because we've created a system that's

23:55

one directional so you have to have

23:57

these resets if you don't have them

23:59

naturally they're going to happen

24:00

unnaturally in the form of social unrest

24:03

and breakdowns of the economy and

24:05

collapse of social structures all these

24:06

other things that happen way way down or

24:08

as chamat is pointing out in California

24:10

in the economic structure of California

24:12

which I think is happening on a kind of

24:14

national scale because of the outsid

24:15

role the federal government plays in our

24:17

national economy here today so so you

24:20

have to have these unnatural forces come

24:22

in and and do this Readjustment from

24:23

time to time otherwise it's just going

24:26

to break on its own and mle in Argentina

24:30

has basically I don't know a year or an

24:33

18-month head start on us and has been

24:35

doing this he did a great podcast with

24:37

Lex

24:38

pedman they translated it actually they

24:40

dubbed it which is kind of interesting

24:43

technology and in this discussion they

24:47

talked about reducing the Ministries

24:49

agencies from 20 to 8 they fired 50,000

24:52

government workers 15% of the total

24:54

Workforce there were 341,000 when he

24:57

started they implemented daily

25:00

deregulation process to remove

25:01

inefficient policies so they just do

25:03

that day in and day out they ended

25:05

discretionary payments to provinces and

25:07

cities that restored Market driven

25:08

utility prices no more subsidies yada

25:11

yada y Right Down the Line sax your

25:14

thoughts

25:15

on how many months it will take to do

25:19

this and there's this this discussion

25:21

and I don't know if that's from inside

25:23

the Trump administration of hey we got

25:25

to get this done in 18 months we got to

25:27

get this done in 18 months What can you

25:28

tell us about the the sense of urgency

25:30

about getting this done

25:32

quickly and and why that's occurring

25:36

well I think Elon and V have announced

25:38

that Doge will be sunsetting or

25:41

disbanding at the 250th anniversary of

25:45

America which would be July 4th of

25:49

2026 so they've only given themselves

25:51

about what's that 18 months yep which

25:54

kind of makes sense right that's leading

25:56

into the midterms right right exactly

25:58

you tend to have the most momentum

26:01

coming off an election like this one

26:02

where you have the trifecta so I think

26:05

it makes a lot of sense that they're

26:06

going to be able to have the greatest

26:08

impact let's say in the first year after

26:10

the new president of Congress gets sworn

26:13

in how do you get Democrats in on this

26:15

sax how do you push them to join the

26:18

party to to join the movement to be more

26:21

efficient to be more transparent is

26:23

there a possibility for us to get some

26:26

coordination here with the other side or

26:27

no

26:29

you might be able to get some support of

26:30

particular Democrats on particular

26:32

things I don't want to say that it's not

26:35

possible difficult but not not

26:38

impossible but look I think what melee

26:41

has done in Argentina is remarkable I

26:43

mean that was a country that was a total

26:45

basket case inflation was out of control

26:48

it's already because of the cuts he's

26:50

made they now have a more normal

26:52

inflation rate and they've gone from

26:54

basically being uninvestable to

26:57

investable as as a country now the

27:00

United States is not the basket case

27:02

that Argentina is but we are on an

27:04

unsustainable fiscal trajectory doge is

27:07

also not going to have the power that

27:08

mle has it's not going to have the

27:10

degrees of freedom to act but we also

27:12

don't have as big a problem what we need

27:14

to do is just bend our fiscal curve from

27:17

being unsustainable to being sustainable

27:20

and if we can do that it'll have a huge

27:21

impact on the economy specifically what

27:25

we saw in the last election the thing

27:26

that probably hurt the Democrat the most

27:29

was inflation voters clearly do not like

27:32

inflation they do not like the

27:33

diminishment of their purchasing power

27:36

but how do you stop inflation you have

27:37

to raise interest rates and that's not

27:39

good either because that raises the cost

27:41

of a mortgage that raises the cost of a

27:43

car payment is bad for investment right

27:46

because if interest rates are higher

27:48

then that means the discount rate on

27:50

stocks and real estate on every

27:52

investment class basically is higher and

27:56

the hurdle rate for Investments higher

27:58

so high interest rates are also bad for

27:59

the economy so how do you get out of

28:01

that box where you either have high

28:03

inflation or high interest rates the

28:04

only way is to bend the fiscal curve to

28:07

that more sustainable path and if you

28:10

can and if you can do that the bond

28:12

markets will actually give you credit

28:13

for it in advance because they know

28:17

because they know that they're not GNA

28:18

be flooded with the need to keep funding

28:21

all of this US Government debt so we

28:24

either get to kind of you know startups

28:27

have the saying by being either default

28:28

alive or default Dead We either get to

28:30

default sustainable or default

28:32

unsustainable right now we're

28:33

unsustainable the bond markets know it

28:35

inflation remains persistently high

28:37

around 3% the FED has not been able to

28:40

cut interest rates the way that they

28:42

expected to remember the markets were

28:44

expecting seven Cuts this year we got

28:47

basically three we got a 50 and a 25 so

28:49

it's just hasn't been the cuts that

28:51

people were expecting and that's because

28:52

inflation hasn't come down as much as

28:54

people thought so if Doge working with

28:58

the rest of the government om the

29:00

treasury Congress executive orders can

29:02

now convince the markets that the US

29:05

Financial picture is more sustainable

29:07

we'll get credit for that interest rates

29:09

will come down and that'll lead to a

29:11

boom in the economy so it's all win-win

29:14

if they can pull this off prre any final

29:17

thoughts here before we move on from

29:19

Doge wishing Elon and v as much success

29:23

as possible we've really I mean

29:25

everybody should be rooting for this you

29:27

want to give us your final

29:30

thoughts I feel like America is Neo from

29:34

The Matrix where there was like a

29:37

thousand bullets being shot at America

29:39

and we like literally had to dodge every

29:42

single one of them in order to get to

29:44

this this point I again I am so shocked

29:47

and surprised in a positive way that we

29:51

ended up on this particular timeline

29:53

look everything had to go the way it

29:54

went for this to have happened Biden

29:56

decided to run for re-election Biden

29:59

stayed in too long they didn't run a

30:01

primary they put kamla in Elon got off

30:04

the fences switch parties Elon decided

30:06

to throw 100 million bucks at the

30:08

problem Elon bought

30:10

Twitter China had a real estate bubble I

30:13

mean you can go down the list of things

30:15

that had to go right for us to get to

30:17

this very moment where a small group of

30:19

people have recognized the fiscal death

30:23

spiral that the United States federal

30:25

government has been in and have the

30:28

Authority and the capacity and the skill

30:31

to be able to go and execute against a

30:33

solution I have no idea how this could

30:36

have been architected maybe saak knew

30:38

all along and I convinced him two years

30:40

ago that this was how things had to go

30:42

and he's been designing it like emper

30:44

talking about Ray doio in the end of the

30:46

empire for three years podcast maybe you

30:48

did it freeberg we remember when when we

30:50

talked with doo about this he's like

30:52

been hand and also around the the

30:56

relationship with China which I think

30:57

this is all very tightly related we may

31:00

have dodged a lot of bullets and and if

31:03

the United States can get its house in

31:04

order reduce federal spending while

31:07

increasing um economic activity uh it

31:10

can be a tremendous unlock for the US

31:13

and for world pieace so because again I

31:16

think that conflict arises when when we

31:17

don't have our own fiscal housing order

31:20

and so I feel very positive more more

31:22

surprised and positive than I was a year

31:25

ago six months ago it's just amazing

31:27

we're on this timeline and I do think

31:28

the United States as Neo dodged a lot of

31:30

bullets here absolutely fre I told you

31:32

everything was proceeding as I had

31:35

foreseen the emperor you know what

31:37

happened to the tenure and Elon and VI

31:39

wrote that essay I actually don't what

31:41

happened yields contracted by five basis

31:43

points you know what the value of that

31:45

is couple billion 15 billion per year

31:49

yeah yeah so so I think that it was

31:51

probably a hundred billion doll essay

31:54

just writing it I think you will find

31:57

that this doge is quite

32:02

operational I mean it I think it's got a

32:05

chance I mean if you I just wish it

32:07

weren't political right I I want I want

32:09

all I want all Americans and Democrats

32:11

to stand up and say this is the right

32:13

thing for the United States forget about

32:15

the fact the problem the essay saved us

32:18

a 100 billion just the essay

32:23

here you're going to have to be very

32:25

strategic true about how they detailed

32:28

what they're doing pick the the Doge

32:30

team's just going to have to be very

32:31

strategic to pick things that are

32:33

consensus building that don't make

32:36

people feel like this is going to grind

32:38

the poor more and make the rich richer

32:40

that's the expectation that's going to

32:42

be the negative framing on this I

32:44

predict which is just a bunch of Rich

32:46

guys making Cuts talking their books

32:48

making cuts for things that are their

32:50

pet projects their Investments they have

32:53

to come out and not make it that they

32:54

have to make it here's inefficiency

32:56

here's inefficiency here's inefficiency

32:58

and a great way to do that would be to

32:59

say the efficiency gains and the tax

33:02

cuts are going to go to people making

33:04

let's say under

33:05

$250,000 these are not and these cuts

33:07

are not being made just to make the rich

33:09

richer that's going to be the

33:11

framing you think that don't you think

33:13

that that's going to happen no matter

33:14

what what which part of it that they're

33:17

going to say that no matter what so I I

33:19

actually disagree with the first part of

33:20

what you said I agree with you that the

33:23

media the mainstream media will try to

33:24

characterize this as hurting the poor

33:27

agree and I'm not sure yet whether still

33:30

or not yeah but I think the first part I

33:32

disagree with is I don't think they

33:34

should operate towards consensus I think

33:36

that they should do what's right well

33:39

you could do what's right and you could

33:40

start with things that are the most

33:41

wasteful like if you start cutting kids

33:44

lunches or pel grants or you start

33:48

cutting people's jobs to in healthcare

33:51

education that people perceive are

33:53

helping people I think you're going to

33:56

just feed into this narrative that it's

33:58

a way to cut taxes on rich people and

34:01

you know what you do need to build

34:02

consensus how does that cut taxes on

34:04

rich

34:05

people if you cut regulations and a

34:08

bunch of our companies benefit from it

34:10

just to be self-aware the framing is

34:13

already that this is an effort for

34:16

companies that we invest in to have less

34:20

regulation to make the equity holders in

34:22

those companies more Rich you have to

34:24

make sure that the hold on have to make

34:26

sure the saving is for all Americans and

34:29

that all Americans benefit from it and

34:30

the way they benefit it the best framing

34:32

they could do is your taxes are going to

34:34

be lower because you're not wasting your

34:36

tax dollars if they can keep to that not

34:39

hey we're moving regulations so that our

34:41

companies I to be honest biger being a

34:44

hairdresser requires more regulation

34:45

than being any one of most of my

34:47

companies so I actually think it benefit

34:50

I think it benefits other people way way

34:52

more than it benefits me and you have to

34:54

show it is my point show it that's the

34:56

point is you have to show people that

34:58

you're doing this for everybody not just

35:00

for the people on this podcast and our

35:02

friends that's going to be the key what

35:04

sham just said is so important there's a

35:06

great interview I've mentioned this in

35:08

the past between Tim Ferris and Charles

35:10

KO from a couple years ago where he

35:11

brings up this exact example yes about

35:14

how regulatory burdens make it difficult

35:16

for women to become hairdressers it's

35:18

like $7,000 so they don't have the

35:20

capital to do that because of the

35:21

regulatory burden to get there think

35:23

about building building your home or you

35:26

know like let's say you want to change

35:27

put shower in your bathroom change the

35:29

shower in your bathroom you don't want

35:31

to spend $115,000 on all the permitting

35:33

regulatory stuff to make that happen

35:35

it's going to unlock value for everyone

35:37

that's a small example of kind of a

35:38

regulatory problem but this benefits

35:40

everyone and the cost of Transportation

35:42

will come to communicate that you have

35:44

to be able to communicate that and

35:47

that's where using platform but show up

35:52

perfect job of communicating this to

35:53

people and that's the Playbook freeberg

35:55

that's my point people are going to

35:57

fight this you have to convince them you

35:59

have to show them that this is helping

36:01

every can we just agree that there okay

36:03

but that's different than how you

36:04

started you said only work on consensus

36:06

projects I age no I didn't say that I I

36:08

think you have to highlight those do

36:10

them first I said do those first make

36:12

sure that people understand this is to

36:13

save them money I'm not saying that you

36:15

don't change regulations for spaceships

36:18

and self-driving cars as well but you

36:20

have to make sure you show people that

36:22

this can benefit them or else they're

36:24

going to just fight it and and that's

36:26

it's going to be the whole all this

36:27

effort will be for not if you if you get

36:30

a bunch of Republicans sacks Who start

36:32

fighting this and you have a splintering

36:33

in your party because they feel like

36:35

this is in helping their local

36:36

constituents this whole thing could be

36:38

for not that that's my that story that

36:41

you told is going to be told by the

36:43

Legacy Media and all the haters and the

36:46

enemies regardless of what Elon do I

36:50

don't think so I think win people

36:53

over you show people you show people

36:56

haters you're not going you show I'm

36:58

talking about the public who votes we

36:59

already won the election now is the time

37:01

to implement when you show people

37:03

$22,000 you know Hammers and wasted

37:06

money you will get a 100% of Americans

37:09

backing this not 60 minut been doing

37:11

that for 30 years nothing's happened we

37:13

got to just act now yeah act and bring

37:16

people along with Communications I mean

37:17

if you got if your communicate poorly

37:20

great go for it yeah I'm not saying that

37:22

communication isn't part of the job in

37:24

fact this whole conversation started by

37:26

us talking about an oped

37:28

that Elon and V wrote correct they lay

37:31

out in which they're laying out their

37:32

objectives and they're doing podcasts

37:34

and Elon has the biggest platform in the

37:37

world and biggest following so I just

37:39

don't think communication is going to be

37:40

the problem but you're also not going to

37:41

be able to convince everyone and you

37:44

know we've already won the election and

37:45

now is the time to figure out very

37:47

strategically how to implement as much

37:48

as possible be humble by two million

37:51

votes keep it in mind you have to bring

37:53

everybody along okay you know what if

37:54

the media was fair it would have been 20

37:56

million votes for Trump to have won

37:58

under these circumstances and he won the

38:01

trifecta it's impressive nobody saying

38:05

it's not minimize it I'm not minimizing

38:07

it I'm just saying be aware there's 74

38:09

million people who are rooting against

38:11

Trump and I think getting some them on

38:14

that's not true that's not true I think

38:16

there's a decent number of people who

38:17

are probably very upset that you know

38:20

Trump won just like last time they were

38:21

upset that Biden won including all

38:24

Americans in this is the most virtuous

38:26

thing you can do I think it's der I

38:29

think I think it's deranged the idea

38:31

that 74 million people are actually

38:32

rooting against him I don't think that

38:34

that's true I they feel good that they

38:36

lost people don't feel good about losing

38:39

bringing those people on board is

38:41

virtuous dude there's already a shi in

38:43

the country have you seen the Trump

38:45

Dance I mean there's been such a sh

38:48

let's see it let's see it I'm not going

38:49

to do it right now but there's been such

38:51

a huge Vibe shift the energy is so

38:54

optimistic right now

38:58

the energy right now is incredible and I

39:01

think people are feeling much more

39:02

optimistic can you imagine what a downer

39:03

would have be if like we were expecting

39:06

president KLA Harris to take the oath of

39:08

office it would be a downer it would be

39:09

a downer to me if they were still

39:12

pushing a 7.2 trillion dollar federal

39:14

budget next year it that would be a

39:16

downer and by the way I think that

39:18

there's a deeply linked relationship

39:20

between social issues economic issues

39:23

political policies and foreign conflict

39:27

they all seem like they're four

39:28

different things but they're so tightly

39:30

interwound and it's interesting how

39:33

everything kind of moves together with

39:34

the shift in who ended up winning

39:37

winning this election cycle and I think

39:39

it really speaks to the relationship

39:41

between the four well by the way there's

39:43

a great meme that was floating around

39:45

where it showed a photo of trump Elon

39:50

Bobby Kennedy and tulsey Gabbert and it

39:52

said that all four of the field used to

39:54

be Democrats yep yep you know demat in

39:57

it I tweeted that it used it used to be

40:00

that that Democrats were Progressive

40:02

Progressive means progress looking

40:04

forward and the last decade the last

40:07

couple years in particular I think a lot

40:08

of people that I know that are former

40:10

Democrats jamat you can speak for

40:12

yourself feel like the Democrats stopped

40:14

looking forward and it was all about

40:16

trying to

40:18

like and grievance and victim culture

40:21

and all of a sudden you've got guys like

40:22

Elon promoting themselves as Republicans

40:25

highlighting that it's all the this is

40:27

the party that looks forward this is the

40:28

party that drives progress it's an

40:30

amazing

40:31

shift I don't know if there's been

40:33

anything like it that's happened this

40:34

quickly I voted more to make America

40:37

great again than I did vote for being a

40:40

republican I I think that the Republican

40:42

party right

40:43

totally is is less important than it's

40:46

ever been and I think Maga is more

40:47

important than it's ever been I agree

40:50

and I'd say the biggest RIS of the whole

40:51

agenda probably is not the Democrats

40:54

it's actually some of these old Bulls in

40:56

Cong

40:58

who are anti- Maga for some reason Trump

41:02

is the one who just won the trifecta he

41:04

just won this big election if you stick

41:07

with the old Republican message you're

41:08

just a shorefire loser so give Trump his

41:12

due as the leader of the party realize

41:14

it's now a magga party and let's get

41:16

some things

41:17

done if the reform agenda fails to be

41:20

frank it probably is not going to be the

41:22

Democrats it's probably going to be

41:24

these holdouts in the Republican party

41:26

for it yeah yeah yeah that was my

41:29

question earlier I think I asked it

41:30

twice I didn't get anybody to engage in

41:32

it how do you convince them how are they

41:34

being brought on board to this if they

41:36

have all this pork barrel spending is

41:37

there a strategy there or do you have a

41:39

strategy I think saak laid it out which

41:41

is that if you use the combination of

41:43

the carrot and the stick I think the

41:45

carrot

41:46

is creating

41:48

transparency and I think the other part

41:51

of the carrot is you'll have now an

41:54

extremely well-funded pack that can

41:56

support people who are on board with

41:59

this agenda but the stick is if you

42:02

don't I think that if Elon makes this a

42:04

really concerted long-term part of his

42:06

strategy then I think you should run

42:08

candidates who actually are aligned with

42:10

the agenda that the make America great

42:13

again movement wants so I think that's

42:16

the carrot and stick Jason which is like

42:18

some of these old Republicans will have

42:19

to decide do I basically help invest in

42:23

a renewal of the American Spirit or do I

42:25

keep pushing back because I like the way

42:26

it was and want to go to war and I want

42:29

to Cozy up to these lobbyists I think

42:30

those folks are going to have a very

42:33

tough four and eight years because I

42:35

think you'll see a bunch of magga

42:37

candidates rising up to run against them

42:39

everywhere in the United States as you

42:41

can see my Young Apprentice your friends

42:44

have failed now witness the Firepower of

42:47

this fully armed and operational battle

42:50

station man I said be humble like three

42:53

times it's none of it sinking in huh no

42:56

I just explained I explained the risk I

42:59

I've been very clear you're not going to

43:00

get Milton Freeman okay you're not going

43:02

to get Javier Malay what we can

43:03

hopefully get is a bending of the curve

43:05

toward

43:06

sustainable I'm setting my expectations

43:09

to be realistic okay I mean breaking

43:11

even would be great if we do just

43:13

weren't adding to the debt that would be

43:15

amazing look if if if the federal budget

43:18

gets to three

43:20

trillion and regulation gets cut if you

43:22

get 50% of the regulation in federal

43:28

agencies cut I think you unleash an

43:30

economic Sonic Boom I'm all in I think

43:34

it's the greatest thing that could ever

43:35

happen my gosh could you imagine America

43:38

clocking in regat I mean how much are

43:41

you guys stuck with companies zero I'm

43:44

dealing with regulatory the regulatory

43:47

stuff is brutal man it's like it's legit

43:50

brain like melting sh tell me your

43:53

number one regulatory frustration we

43:55

could go around the horn this is a topic

43:57

actually I don't have any I think I'm

43:59

very blessed to work in an industry

44:01

that's very light with regulation I

44:02

think it affects many many other

44:04

industries that if they were Unleashed

44:07

could contribute to American G

44:09

Construction I also think regulations

44:12

are very regressive because they touch

44:14

poor and middle inome people way more

44:17

than it touch folks like me rip these

44:20

regulations out two regulations that do

44:23

affect you crypto regulation and capital

44:26

formation both of those things are they

44:28

haven't hurt me they haven't hurt me

44:30

this my point you but they definitely

44:32

are the economy right I can snap a

44:35

finger and raise a couple billion

44:36

dollars that is not it's so I'm in a

44:37

unique position and I and I recognize

44:39

that what is much harder is if you're

44:42

trying to be an electrician if you're

44:44

trying to be a hairdresser if you're

44:45

trying to be a massage therapist when

44:46

you have to spend 15 20 30% of your

44:49

salary on lure why totally why do we

44:53

need these stupid rules if if you're a

44:55

person that's trying to like construct

44:57

home why does it take six and eight

44:59

weeks to get permits approved why and

45:02

there are no good answers for these

45:03

things so forget about me like it

45:05

doesn't matter about me but the mainline

45:07

part of the United States economy as I

45:09

said before is a coiled spring if you

45:12

get rid of those regulations it

45:14

disproportionately impacts middle inome

45:17

and lower middle inome jobs this is why

45:19

if you if you see if you see GDP if

45:22

America clocks in GDP at four to four

45:25

and a half percent

45:27

watch out folks Sonic Boom watch out

45:30

I'll give you two really simple ones

45:32

allowing everybody in the United States

45:34

to participate in company formation

45:37

would change everything 95% of the

45:40

company cannot participate in investing

45:42

in startups or any you know new compan

45:47

czy the accreditation L I think more

45:50

massive freedom to operate just freedom

45:52

to do stuff you want that's what it is I

45:53

mean you're free to go to Vegas and

45:55

gamble you're free to you know play you

45:58

know online you're free to buy Bitcoin

46:01

you're not free to buy you are free to

46:03

buy Bitcoin you can buy Bitcoin you can

46:05

yeah but you're not afraid to create a

46:06

token right there should be some clear

46:09

path of Regulation I think there's many

46:11

more traditional forms of economic

46:13

growth that we can have before we need

46:15

to make icos legal and easier I I want

46:19

to say something I think that the person

46:20

that runs for governor in California

46:23

should commit to cutting those 65,000

46:27

regulations down to 10,000 as

46:30

needed to replacing the DMV with a

46:33

digital app and to cut taxes to near

46:37

zero and to create school choice whoever

46:40

does that incredible will create a

46:42

Renaissance in California it's the fifth

46:43

largest economy in the world folks and

46:47

it can be a bellweather for the rest of

46:48

the world well you know there there's a

46:50

lot of scuttlebutt online that Nicole

46:52

Shanahan's going to run for governor of

46:55

California and I'd be in favor of that I

46:58

would say that of all the political

47:00

personalities involved in the election

47:03

over the past year she gets my most

47:05

improved award I remember when like

47:07

Bobby named her to his ticket I was a

47:09

little bit skeptical of that choice

47:11

because of some of the causes that she

47:12

had identified with or donated to in the

47:14

past but she I think has ended up being

47:18

a star she's pretty based she's a star

47:20

yeah totally I mean she's she's red

47:22

pilled and ended up

47:23

supporting Maha and Maga and I don't

47:27

think we're going to get anyone better

47:29

in California so if she's willing to do

47:31

it and take it on that'd be awesome SX

47:33

what about you you don't want you don't

47:35

want that that

47:36

Mansion that'd be a significant

47:38

downgrade for me I about to say you took

47:40

the joke right out before I got to it

47:42

damn it that was such an easy one yeah

47:45

you could live in the governor's mansion

47:47

also known as smer than your guest

47:49

house that would be your backup man cave

47:52

well actually that's happened people

47:53

have in New York I remember one of the

47:55

governors was like yeah yeah you know

47:57

I'm good I don't need to live in the

47:58

Mansion where do you want to go next

48:00

boys we we have other things on the

48:01

docket would you like to go to our war

48:04

correspondent would you like to go

48:06

Chrome Google breakup would you like to

48:07

go Nvidia where would you like to go

48:09

World War III I think is important sax

48:11

you put World War II on the docket would

48:13

you like to te it up for us yeah sure

48:16

well there's a several events that have

48:18

happened in reasonably close succession

48:20

the the first thing to understand is

48:21

what's happening on the ground in

48:23

Ukraine the ukrainians been losing

48:25

territory and Accel ating Pace there's

48:27

an excellent graphic in the New York

48:29

Times that I'll put on the screen that

48:31

shows this is not a stalemate remember I

48:33

said on this

48:34

podcast six months or a year ago that it

48:37

was no longer a stalemate it was a war

48:39

of attrition in which the ukrainians

48:40

were now losing and every single month

48:43

now the Russians are taking more and

48:44

more territory again the curve is

48:46

accelerating we had all invest in a

48:47

business who had a growth curve that

48:48

looked like this so not good news for

48:50

the ukrainians in response to that I

48:53

think that's fundamentally the condition

48:54

on the ground that's created the next

48:56

set of actions which is the Biden

48:58

Administration finally approved the use

49:01

of longrange missiles attack's missiles

49:03

storm Shadows to hit territory deep

49:06

inside of Russia the Russians believe

49:09

and I don't know whether this is true or

49:10

not but what they say is that those

49:11

weapons cannot be operated without

49:15

Americans or

49:16

British operators being there to you

49:19

know they're too complicated for the

49:20

ukrainians just to use on their own so

49:22

they the Russians view this as not just

49:25

a direct attack on their Homeland on

49:28

their motherland but also a direct

49:31

involvement by the NATO allies United

49:34

States and Britain in the war and that

49:38

is a big

49:39

escalation you know a lot of people say

49:41

that the Russians have all these red

49:43

lines we keep Crossing them and they

49:45

don't do anything that's not true if you

49:46

actually listen to what the Russians

49:47

have said there's only been two red

49:49

lines the first red line was they said

49:52

they would not accept NATO expanding to

49:54

Ukraine and they proved their

49:57

seriousness on that issue by invading

49:59

Ukraine in February of 2022 the second

50:02

red line is they said that they would

50:04

not accept American long-range missiles

50:07

being used to Target inside of Russia

50:11

and that line has now been crossed so

50:12

this leads us to the next set of events

50:15

which is Russia just used what may be

50:19

some people are saying it's an ICBM but

50:21

it probably is more likely to be not an

50:24

InterContinental but an intermediate

50:26

range

50:27

ballistic missile that hit a Ukrainian

50:31

City and it's obviously it didn't carry

50:34

a nuclear payload but it's the type of

50:36

of ballistic missile that is used to

50:38

carry nuclear weapons there are a couple

50:41

of features of this that I think are

50:43

really important number one it's a

50:44

Hypersonic missile it hit the target at

50:47

something like mach 10 what that means

50:49

is that it just can't be intercepted

50:51

it's too fast the the west and the

50:53

United States in particular does not as

50:55

far as we know have a tech techology to

50:57

intercept a Hypersonic missile like that

50:59

the second is that it had what's called

51:01

a

51:02

MV Warhead or payload MV is multiple

51:07

independently targeted re-entry Vehicles

51:10

basically what it means is the Warhead

51:11

splits up right when it gets close to

51:14

the ground it splits into six separate

51:16

warheads and the reason for this is I

51:18

understand it is diabolical again it's

51:20

just if you're launching nuclear weapon

51:23

it just makes it that much harder to now

51:25

intercept it because now you've got six

51:27

Warheads hitting you instead of just one

51:30

so I

51:31

mean as I understand a missile like this

51:33

has never been used before and what the

51:35

Russians are doing obviously is sending

51:37

us a signal and what that message is is

51:40

that they're saying we have the means to

51:42

hit any European city or any European

51:46

asset with a Hypersonic missile that you

51:49

can't stop that may or may not have a

51:52

nuclear warhead attached to it and is

51:56

it's just a way of them expressing their

51:58

seriousness and displeasure and and and

52:01

reacting to and escalating in response

52:02

to the fact that we are now allowing

52:05

Western missiles to be hitting targets

52:07

deep inside of Russia so the bottom line

52:10

is this war is escalating it's

52:11

escalating nowhere good and at some

52:14

point soon yeah it's really we're gonna

52:16

have to get off of this escalatory

52:18

ladder to or we're going to end up in a

52:21

really disastrous place and just the

52:23

last final point is it's absolutely

52:25

remarkable that Biden decided to take us

52:29

to this place with what just 6 weeks

52:31

left in his term completely I mean as a

52:33

lame duck president what is his mandate

52:35

for doing that for taking this

52:37

extraordinary risk on behalf of the

52:39

country the voters just voted for Trump

52:42

who made it really clear he wanted to

52:44

end the war and Biden and his team have

52:46

unilaterally now escalated this war they

52:48

did it without consulting with Trump's

52:50

team at least that's what was publicly

52:52

reported is there was no briefing set up

52:54

for Trump's transition team

52:57

so you have here Biden his team taking a

52:59

unilateral action to expand and escalate

53:01

this war even when he's a lame duck

53:03

president and the question you have to

53:05

ask is why what is the point of this

53:07

well I think it's just completely

53:08

deranged because it's not just that for

53:11

forget Biden and Trump for a second if

53:14

you take a step back what was voted in

53:18

was to end this war and for the United

53:21

States to get our hands out of it so you

53:25

couldn't have a clear message to the

53:27

sitting president in the white house

53:28

which is this is not what Americans want

53:31

and so to basically ignore the will of

53:34

the voters and to essentially go and

53:36

push another country into the brink I

53:38

think is so incredibly responsible and

53:41

you know other times we've said in the

53:43

past take Donald Trump seriously but not

53:47

literally Russia you should take

53:49

seriously and

53:51

literally because they actually write it

53:54

down for you and tell you and so when

53:56

they said Every Act of aggression from

53:59

now on is going to be viewed by us on a

54:01

lookth through basis to the actual

54:03

country that is enabling this to happen

54:06

you couldn't be more clear but Americans

54:08

couldn't have been more clear which is

54:09

we don't want this war

54:11

anymore and I just think it's really

54:13

deranged what the Biden White House is

54:15

doing it's incredibly Dangerous by the

54:17

way not to mention it's incredibly

54:19

costly as well I mean we've had like

54:21

some last minute efforts to sort of Tamp

54:23

down on these last minute budget

54:24

approvals and whatnot but we're talking

54:26

about tens and hundreds of billions of

54:27

dollars that we're giving on top of the

54:29

risk of of nuclear escalation I just

54:32

think it's absolutely crazy it's

54:34

absolutely crazy Putin is not a dummy he

54:38

has heard and seen Trump's campaign

54:42

rhetoric and sax I don't know if this is

54:47

this has been publicly reported that he

54:48

had a call with with Trump after the uh

54:51

the election Victory does Putin not see

54:54

that in a couple of weeks a couple

54:56

months there will be new leadership in

54:59

the white house and there's going to be

55:00

a path to a resolution

55:02

here like does that not give us all a

55:04

little bit of reprieve that this is not

55:06

going to escalate because everyone's

55:08

waiting for January 20th oh I mean for

55:10

sure I mean thank goodness I would say

55:13

that we have a new president coming in

55:14

who does not own this War I mean the

55:16

problem with Biden is that he completely

55:19

owns this war and he does not want to

55:20

admit defeat and so what you've seen is

55:23

that over the last couple of years every

55:25

weapon system that Biden said he

55:27

wouldn't give to Ukraine because it

55:29

could literally cause World War III

55:30

these are Biden's words he said it could

55:32

be Armageddon if we gave Ukraine f-16s

55:35

it could be Armageddon if we gave them

55:36

Abrams Tanks it would be Armageddon if

55:39

we gave them himars and attacks and

55:42

could lead to World War III if we let

55:43

them hit targets inside of Russia these

55:45

are Biden's words and he has basically

55:48

given in on every single one of those

55:49

points because he's so committed to this

55:52

policy right he's he's in the Quagmire

55:54

he can only double down he doesn't to

55:56

extricate himself and now we don't know

55:59

exactly what KLA Harris would have done

56:00

but I think probably she would have

56:02

inherited Joe bid's policy and likely

56:04

continued it and I think we have a

56:06

wonderful opportunity here with Trump

56:07

taking office he doesn't own this policy

56:10

he can look at it with fresh eyes and

56:12

most importantly he campaigned on ending

56:14

the war so he has the Mandate of the

56:16

American people to stop it all I can say

56:19

is thank goodness and we just need to

56:21

get through the next two months we just

56:22

need to get to January 20th without

56:24

there being some new horrible escalation

56:27

in this

56:30

war he's B Joe Biden is marting galing

56:33

that's his strategy for the Ukraine

56:36

Russia War just keep doubling down and

56:38

doubling down down oh yeah do you want

56:39

to explain what that is oh yeah sorry

56:41

Martin giling is a strategy in gambling

56:44

where let's just say you know you start

56:46

betting a dollar and you lose your next

56:48

bet is $2 doll if you lose your next bet

56:50

is $4 if you lose your next bet is $8

56:53

and eventually you'll win once is the

56:55

theory

56:56

but there's many times where

56:58

Mortin but you only WI a

57:00

dollar so you could be betting you know

57:04

80 you know 40 bucks 80 bucks $160 $320

57:08

and then you finally win and you win a

57:09

dollar right or or you go broke that's a

57:12

great analogy because you can also go

57:14

broke right this is why they have caps

57:16

at the roulette table one time I would

57:19

do this that's why all casinos have a

57:21

Max yeah exactly so I would do this as a

57:23

joke with my wife or when I was at the

57:24

world serice a poker i' be like I'll go

57:26

pay for dinner or lunch or whatever and

57:28

I put $100 on black lose put 200 on

57:31

black win go pay for lunch and I did it

57:34

one time with the WSOP and I went 100

57:37

200 400

57:39

800600 I ran out of cash I got 3,200

57:41

from my friend I put it down the floor

57:44

man came over and said that's your last

57:45

bet oh no my buddy and I my budy and I

57:48

would if you do this yeah in our college

57:52

Years early 20s we would go to drink for

57:54

free at the casino you just sit at the

57:55

blackj table

57:57

just table and watch your drink this was

58:00

this was a long time ago happened last

58:02

year I would well I mean if you bet a

58:03

dollar then you bet two bucks you can

58:05

just keep drinking for free for like two

58:06

or three hours then go out and enjoy

58:08

your night you've made 15 bucks and call

58:10

it did I tell you about the losing a

58:12

million dollars playing roulette

58:15

no me Nick you got to beep up the names

58:19

me it was me and and oh you did tell me

58:24

this you did tell me this yeah this is

58:25

so good says guys I've developed a

58:27

system it's full oh

58:29

no that's always what happens before you

58:32

lose a million somebody says that it's

58:34

like we need to risk a million we can

58:36

win like two or

58:38

three and it's like

58:40

99.996%

58:42

so so I say to them so are you really

58:45

telling me that we just have to fade

58:48

0.004% chance of like total loss and he

58:51

says yep well guess what hit the 4% shot

58:58

me totally and and it was devastating I

59:01

just kept looking at this thing like

59:03

what just happened he's like oh we lost

59:05

yeah and I was like there it is folks

59:07

never again I've never gonna play

59:08

roulette again I think the gambling

59:10

analogies are the right analogies

59:12

because I look I'm not saying World War

59:13

II is going to happen I've never said

59:14

World War II is going to happen I'm

59:16

saying that there's a risk of World War

59:17

II and I don't need the risk to be very

59:19

high to be very worried about it because

59:21

it would be such a disaster outome right

59:24

totally exactly so I want to minimize

59:26

risk of Ruin I want to exactly I want

59:28

there to be hopefully a zero risk of

59:30

that but you know what's interesting is

59:32

remember just like a week or two ago

59:35

president Trump made that trip to DC and

59:36

he met with Biden in the Oval Office and

59:38

Biden had this he was like all smiles

59:42

and I'm everyone's like wondering why is

59:44

he so happy and the speculation was that

59:48

he somehow wanted to Common a lose or

59:50

something but now you think back on this

59:53

he must have known he was about to

59:54

authorize this decision

59:56

so what he's doing here he's grin he's

59:59

grin Trump he knows he's about to give

60:02

Trump this horrible hand right he's

60:04

about to make this situation in Ukraine

60:07

so much worse so that Trump will have to

60:09

inherit this mess that is like the

60:11

definition of

60:13

grin yeah he definitely knew more than

60:16

that picture L on because a the

60:18

interpretation of that picture was they

60:20

are getting along he's being super

60:22

gracious what an incredible gesture it

60:25

just looked like

60:26

yeah he promised a smooth transition of

60:28

power and then we find out that he

60:30

didn't confer with his successor about

60:33

this

60:35

extraordinarily meaningful decision to

60:37

escalate the war escalation yeah it's

60:40

like that's just crazy it's crazy you

60:44

guys want to do science corner I got one

60:46

for you yeah yeah it all right your

60:49

super fans are desperate for a science

60:51

Corner give him one freeor give him

60:52

something all right I will give you guys

60:55

something here here's a depressing paper

60:58

that was published in the journal Nature

61:01

just this week research team out of

61:04

Switzerland going over to the Swiss

61:06

where they are conducting extraordinary

61:09

research in the epigenetics of fat cells

61:13

in oh so we're going to Fat shame me on

61:15

the uh science Corner go ahead great no

61:17

we're actually going to understand

61:19

perhaps why it is difficult for people

61:21

that have been overweight yes to keep

61:24

the weight off I did read this and I I

61:27

think it's fascinating yeah explain it

61:28

it is it is really incredible so

61:30

remember we've talked about this many

61:31

times in the past but every cell has

61:33

your whole all your DNA all your genes

61:36

and certain genes are turned on or off

61:39

in different cells and those genes being

61:42

on or off differentiates those cells and

61:44

causes them to act differently that's

61:46

the difference between an eye cell and a

61:48

skin cell and a heart cell is they have

61:50

different genes that are up regulated

61:51

down regulated turned on and turned off

61:54

and even when you have different kinds

61:55

of cells you have certain genes that are

61:56

overexpressed or underexpressed or over

61:58

regulated up regulated or down regulated

62:00

so that means that those genes are

62:02

turning pumping out certain proteins

62:04

that do certain things in that

62:06

particular cell so what these folks did

62:09

is they wanted to understand what is the

62:12

EPO meaning what are the genes that are

62:14

turned on or off or up regulated or down

62:17

regulated in fat tissue in fat

62:21

cells and does the epigenome change when

62:26

an individual loses weight so once

62:29

they're obese and they lose weight do

62:32

the fat cells actually change their

62:34

epigenome or do they have an epigenetic

62:37

memory meaning that those cells even

62:39

though the person has lost weight those

62:40

cells still continue to act as if that

62:43

person were obese so I'll tell you in

62:45

humans they basically took five

62:47

individuals that were obese and lost

62:50

more than 25% BMI and they looked at the

62:53

epome they looked at the markers of what

62:55

genes are UL and down regulated before

62:57

and after they lost the weight after

63:00

they lost the weight there were a set of

63:01

markers that were still upregulated that

63:04

are associated with poor metabolism an

63:07

increased fibrosis and increased

63:09

cellular death so these are inflammatory

63:11

genes these are genes that are

63:12

associated with the cells being

63:14

inefficient at utilizing glucose to

63:16

create energy and so these cells

63:18

contined to act like slow dying cells

63:22

even after the person lost weight and

63:24

they did the same thing in and they

63:26

found similar results that they caused

63:29

these mice to gain weight looked at the

63:31

epome of the fat cells and then looked

63:33

at the epigenome after they lost the

63:34

weight and again the mouse epigenome

63:37

continued to act as if the mouse was

63:39

obese and what this means is that the

63:42

metabolism remained reduced fibrosis

63:45

remained elevated and likelihood of cell

63:47

death remained elevated so now they

63:49

applied glucose in a Petri dish to those

63:51

cells and they saw that the glucose had

63:53

a harder time being fully being

63:56

appropriately utilized from a healthy

63:58

fat cell that hadn't been obese so it

64:01

actually permanently alters and creates

64:04

an epigenetic memory in the fat cells

64:06

after obesity and this could explain

64:09

pretty significantly why when people

64:12

that have been obese lose the weight

64:14

they are more likely to gain the weight

64:15

back and have a hard keeping the weight

64:17

off you're referring to yes and that

64:19

makes total sense because anybody who's

64:22

added weight chth if that you add but

64:25

you know you eat one extra Oreo a week

64:28

that's 3,500 calories you do that over

64:31

20 years all of a sudden you wake up one

64:32

day you're 20 30 pounds overweight like

64:34

I was three or four years ago and this

64:35

is why I think OIC and wovi and mouro

64:38

and all these things are so great

64:39

because it does seem like it breaks you

64:41

through that

64:42

no the problem but we we do see in all

64:45

those results that when you go off of

64:46

The glp1 Agonist drugs you gain the

64:50

weight back very quickly this is some

64:51

amount of yeah not the total amount it's

64:54

a pretty significant bounce back effect

64:56

so and this is pretty well

64:59

documented and so I think that it speaks

65:01

to the why now it also introduces an

65:04

opportunity there are molecules that can

65:06

turn certain genes on or off can now be

65:08

identified and utilized to change that

65:11

epigenetic memory so now flip that

65:13

switch in

65:15

addition exactly this could arise from

65:17

things like increased exercise it turns

65:19

out that when you do significant amounts

65:21

of cardiovascular exercise there are

65:23

certain genes that are expressed that

65:25

trigger gen to switch on or off and so

65:28

we can start to identify those

65:29

particular

65:31

molecules and produce either supplements

65:34

or additional drugs or combo therapies

65:38

that can both knock the weight off and

65:40

keep it off by changing we tic memory in

65:42

those cells wow and so it introduces a

65:45

whole new class of opportunity for folks

65:47

to explore how do we help folks that are

65:49

obese lose the weight and then flip the

65:51

switch that they can keep the weight off

65:52

I've been doing rocking this is like the

65:55

old man activity that Peter AA and these

65:57

guys are all put weights on and you like

65:59

go walk I wear a I I started with a 10

66:02

pound weight vest now I'm at 35 pounds I

66:04

I do a mile and a half hike every day

66:06

with 35 pounds on man I fall asleep

66:09

immediately and the the amount of

66:11

intensity that puts on your body you do

66:14

it right before you go to bed no no I do

66:16

it anytime during the day but I'm just

66:17

saying it's it's I'm I'm focused on four

66:19

things right now with my health diet

66:22

sleep exercise meditation and I I try to

66:25

do four each day but the rucking

66:27

specifically in this Zone 2 stuff is

66:29

what they say 40 50y olds should focus

66:32

on so that's what I'm focused on but

66:34

that rucking man does it make your whole

66:36

body strong I highly recommend it it's

66:38

really transformative my meditation is

66:40

reading Doge ESS for chamath popatia

66:44

German dictator 8090 he's running a

66:47

software company services company great

66:49

look at you in the driver's seat David

66:51

fredberg your suant of science working

66:54

on ohal and the architect the Rainman

66:58

yeah definitely David sax from Craft

67:01

Ventures and maybe it's going to be

67:03

involved in Doge I I wouldn't be

67:05

surprised if we see a sax Doge uh hook

67:08

up in the future I don't know I'm taking

67:09

a guess here I am your host here Jason

67:14

calanis we'll see you all on December

67:16

7th live or in person by the way did you

67:19

guys Holiday Spectacular did you see

67:21

this tweet from Brian Johnson he tweeted

67:24

out all of his blood levels this is

67:26

incredible I love this guy look at these

67:29

results they're incredible if he can

67:31

break this down into like a turnkey

67:33

thing that normal folks like us can

67:37

follow for people who don't know what

67:40

this kid's doing is he is spending like

67:43

$3 million a year or something to that

67:45

effect on his own personal health

67:47

documenting it sharing it everything

67:50

from sleep to his bone density

67:53

everything is an open book and uh he's

67:55

made some products out of it as well so

67:56

you you can you can eat his pudding too

67:58

if if you're interested in it but I

68:00

don't think it's as good as how do you

68:01

follow his regimen you know what I mean

68:03

like it just seems too hard you can't

68:05

have a job I mean he's doing it's like

68:06

he's got two jobs right now doing all

68:08

this stuff his biomarkers are showing

68:09

he's 10 years younger than his actual

68:11

biological

68:12

age dude look at some of these results

68:15

his his speed of Aging he says his

68:17

birthday now happens every 19 months

68:21

what

68:23

the freeberg

68:26

I mean freeberg do you you look at what

68:28

do you think here science uh from a

68:30

science perspective any thoughts on all

68:31

this well I think his nighttime erection

68:33

rate is pretty impressive not three

68:35

hours and8 minutes for a nighttime

68:37

erection that is he reading is he

68:40

reading uh Elon and V's opad colum what

68:44

slowly he's reading it very

68:47

slowly wow he's got a 240 lb bench press

68:50

and an 800 lb leg press Jesus he looks

68:54

like he's dead though though that's the

68:55

only problem with he's so pale sax has

68:58

got to go djt online too we'll see you

69:02

all next time on the love byee love

69:07

you let your winners

69:10

ride Rainman

69:14

David and instead we open source it to

69:17

the fans and they've just gone crazy

69:18

with it love you queen of

69:24

[Music]

69:28

besties

69:29

are that's my dog taking your

69:35

driveway oh man myit meet we should all

69:39

just get a room and just have one big

69:40

huge orgy cuz they're all useless it's

69:42

like this like sexual tension that they

69:44

just need to release

69:45

[Music]

69:51

somehow we need to get merch our

69:56

[Music]

70:01

I'm going all in

Interactive Summary

The discussion covers the "Doge" (Department of Government Efficiency) initiative by Elon Musk and Vivek Ramaswamy, aimed at streamlining the federal government by cutting regulations, reducing wasteful spending, and improving accountability. The speakers express optimism for Doge's potential, despite anticipated political resistance, emphasizing the need for transparency and strategic communication. The conversation highlights the unsustainable national debt and the economic drag caused by excessive regulation, citing California as an example, and discusses Javier Milei's reforms in Argentina as a model. Later, the hosts discuss the escalating conflict in Ukraine, noting Russia's use of advanced weaponry and expressing concern over the Biden administration's continued escalation despite a voter mandate for peace. Finally, a "Science Corner" segment explains research on the epigenetic memory of fat cells, which may explain why it is difficult for people to maintain weight loss, and suggests future avenues for intervention.

Suggested questions

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