EMERGENCY DEBATE: They Are Lying To Us About AI (Cenk Uygur BANNED from the UK!)

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? [laughter]. >> This is super interesting to me. My team. given me this report to show me how many. of you that watch the show subscribe. And some of you have told us according. to this that you are unsubscribed from. the channel randomly. So, favor to ask. all of you. Please could you check right. now if you've hit the subscribe button. if you are a regular viewer of this show. and you like what we do here. We're. approaching quite a significant landmark. on this show in terms of a subscriber. number. So, if there was one simple free. thing that you could do to help us, my. team, everyone here to keep this show.

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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? [laughter]. 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 [snorts] 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 [snorts] 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 [laughter]. 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 [snorts] 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 [sighs]. 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 [snorts] 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 [snorts] 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. [laughter] 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 [laughter] 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 [snorts] 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. [laughter]. 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.

[snorts] 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, [laughter]. >> Jen? >> [gasps]. >> 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. [laughter]. 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. >> [snorts]. >> 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. [snorts] 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, [snorts] 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. that in the hands of the Chinese cuz I I. what I've learned from this conflict and. look that you know people dying is.

horrible period wherever they are it's. just horrible but this is not a. traditional war. I don't know if there's. going to be boots on the ground by the. time this is over. If there's another. wave of conflict, it's just going to be. more ordinance taking out more. infrastructure until the 150,000 people. running the show there say, "Wow, this is really hurting us in terms of. maintaining control." I don't see uh a. boots on the ground invasion. I just see.

more tenderizing and more tenderizing. It's expensive because we're on the. wrong side of defense. We need the cheap. drones. And I think in two years from. now, from what I see in the development, because I I see these deals all over the. place, there's a whole bunch of new tech. being developed around drone blocking. technology and very inexpensive versions. of what those Iranians built, better. than lawnmower engines, though. So, it's. it's going to be pretty interesting in.

24 months. I'm not a fan of war, but I. have a different view of the outcome. here. And I think that part of the. world's going to be stabilized and. funded by the neighbors there, and. probably everybody's better off because. the Chinese can't take the pain much. longer. Their oil supplies, both on the. water and in storage, are starting to. really dwindle. And if I'm the big. supreme leader there, I'm thinking to. myself, I'm going to call those guys in.

Iran, say, "Okay, big boys, time to. settle. We've had enough." Cuz that that. is actually. a different view of that policy over. there. Because every Asian country is. hurting. And by the way, in North. America, we actually don't have any problems with. energy. We have an abundance of it, including the stuff coming from Canada, the number one import. The problem we. have is the price of oil is determined. by world markets. It's a commodity in US. dollars. You know, it was 106. Now it's.

9712, whatever it is trading right now. Um. it's but we're not going to run out of. energy in America. That's not going to. happen. It's it's the rest of the world. to the extent that we care about them. Um we got to resolve this issue. For. every founder, there comes a point in. building a company where your job shifts. from being the person inside your. business, actioning everything to the. person responsible for absolutely. everything. The only way I've been able. to make this shift across the different. companies and teams I'm responsible for.

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and you [clears throat] can get these. conversation cards right now. The thing that I think America's at risk. of running out of Kevin though is is is. patience and uh support. And if you. think about the sort of existential risk. to Trump, he you know, if you looking at. these numbers, so this this first line. you see is his disapproval going up and. his approval going down. If I'm the. supreme leader in Iran, I go listen, this guy has got I mean there's an. election in 2028 in the United States,

this guy has got months. So in terms of. you talk about, you know, the art of a. deal and doing a good deal. If you know. your counterparty in the deal. negotiation literally has months to do a. deal or they are going to be thrown out. of power, if I'm one of those 150,000. people or the supreme leader, honestly, I'm going to wait it out. I think I have. all the cards. if you have almost no, you know, they can survive. Again, you. said they oppress their people. They. don't seem to have much morality. surrounding that. Could they wait it out. a couple of months knowing that Trump. can't because the midterms are coming.

and then the election's coming. I. >> think you're making a good point on that. one. But I, you know, the one thing I. would say, Stephen, is that it's not. just Trump you're waiting out. You got. Chi, it's it's not just Trump, the big. guy. You got two supreme leaders. You. got whoever is running the show this. week in Iran. and you've got the Chinese leader, the. supreme leader. And the only way he gets. to say the supreme leader is people eat,

people have jobs there and his economy. stays buoyant. That's the only way he. stays in power. So. you're you're serving two masters. You're you're trying to time the 28. decision you talked about versus how. pissed off the big guy is going to get. in China. He has no choice. 48% of his. energy comes through that straight at. some point. I think before November, Elsa primo in China squeezes Iranian.

heads like teenage pimples. That's what. I think is going to happen. The other. thing just to give you the other thought. that's been spiraling in my head since. I've interviewed all these people on. this subject is that Trump and JD Vance. repeatedly say they don't even know who. they're negotiating with because they've. knocked out every layer it seems of. leadership. They on one hand brag about. that but then I would also suggest that. that makes negotiation hard. I think JD. Vance actually talked about or Marco. Rubio talked about the fact that they. can't get the carrier pigeon to the um.

Iranian soldiers that are still shooting. the missiles. And this talk this speaks. to the um lack of organization in Iran. because you've wiped out all the. leadership. So I even wonder if you can. really do a deal at this point with. Iran, Jenk. >> No, we can remember we almost had a deal. this weekend. Uh and the deal is. actually kind of obvious. Open up the. straight of Hormuz. We lift a blockade. Iran says uh we'll find the. highlyenriched uranium and hand it over. We won't have a weapons program and. we'll have international monitors for. the uranium that we enrich to just.

energy levels, not weapons levels. Boom. Done. Easy. Though, but as I explained. before, we can't get it done because. Israel says, "No, I want permanent.". >> How do you know it's Israel? How do you. know it's Israel, Jenk? >> Yeah, there's no question. So first of. all in the before the invasion New York. Times with a rare good article that. explained uh that Netanyahu and the head. of MSAD came into the situation room. Netanyahu physically and head of Mossad. uh through a teleconference and they uh.

told Trump you got to attack you got to. attack now and they to they at least as. the New York Times describes it they. convinced them. Whether they actually. convinced him through language or. through money or through blackmail is a. whole different question. But uh another. thing that's absolutely clear is that. after every call with Netanyahu, Trump. goes from saying we're going to have. peace to saying we're not going to have. peace and we're have these new. impossible standards. It's happened. about half a dozen times so far. It's. super clear that Israel is driving the. bus. Plus, you could see it based on the.

facts on the ground. We have no interest. there. We have a deal ready to make for. American interests. Israel says, "No, we're not done because we need southern. Lebanon and we need Iran to be. completely decimated." This idea that. Kevin's talking about, to be fair to. Kevin, almost everybody in in America. thinks in this, [laughter] well, now to. be unfair to Kevin, this fantasy world. where the regime in Iran is just going. to give up. It's never going to happen. We already tried to regime change it. It. it didn't work at all. They have an.

enormous infrastructure set up so it. doesn't really matter how many people. you knock off at the top, somebody else. rises up, somebody else rises up out of. that 150,000 people that that Kevin's. talking about. Now, China, he's got a. theory that maybe China puts pressure on. him. That's not a crazy theory. I get. it. At the same time, China's looking at. Russia and America and going, "Look at. these schmucks. Russia is wasting their. entire military and resources in. Ukraine. And now America's totally. wasting their military and resources in. Iran. And these two other knuckleheads.

keep punching themselves in the face. Meanwhile, we haven't started any wars. if you're China. And so we haven't had. any of those costs. We haven't had any. of those troubles. We don't have that PR. problem. So when we go into Africa or. Latin America and we say, "Hey, you know. what? We're going to build roads and. bridges for you guys and America's going. to come and bomb you. So which one do. you want to do a deal with?" Now a lot. of them are saying, "No, we want to do a. deal with China." because they don't do. war. Uh instead they build. infrastructure. Look, it just is a. business strategy, an economic strategy.

that is much much smarter. But we can't. go into a smart strategy because Israel. won't let us. Every time we go towards. peace, Israel blocks it. And today, this. weekend, we had both Republicans and. Democrats go out and say we shouldn't do. the peace deal. You want to know what. the one connective tissue? Every one of. those politicians had over a million. dollars given to them by the Israeli. lobby. So that's just the stone cold. reality of it. And so in terms of energy. here at home, Kevin says we're not going.

to run out. But he also acknowledged. that no, wait a minute, that has nothing. to do with anything. We oil goes into a. world market and it is controlled by. world prices. So the fact that we are. so-called energy independent means. nothing. That's not even our oil or gas. It's Exon Mobile and Chevrons. So they. could sell it anywhere they want and. they do sell it anywhere they want. The. only way to get them to sell it. exclusively in America is to do. socialism and say you're not allowed to. sell that oil anywhere else. I don't. think Kevin wants that. So that means we.

are definitely not energyindependent. We. are definitely tied to global oil prices. and that means again more disaster. When. you get to tech, oh my god, the Israelis. used AI in Gaza. They did this uh. program called Where's Daddy. AI would. pick a target uh that was maybe. connected to someone in Hamas at some. point, but they did, you know, he called. this guy and the other guy called other. guy and that lady now has a cell phone. Good enough. But they would wait till.

their target went home so they would. bomb the house and kill their entire. family. If that's the future of tech in. the military, we're all doomed. So, they've been testing all of this stuff. in Gaza and now they're doing in Iran. What I'm worried about is what Larry. Ellison said. He said, "Oh, we now can. track all citizens anywhere and we're. going to bring that technology to. America." I don't want their. surveillance state. I don't want. anything to do with the Israelis. Let's. just come home and serve American.

interest. That's what I keep. That's But. the good news, Stephen, is almost all. the voters agree. 80% of Democrats now. have a negative view of Israel and say, "No, take care of American voters first. When you get to under 50 years old in. all parties, Israel now has a negative. 45 rating." The only people left in this. country who still want to serve Israel. are our politicians and our media. That's it. The rest of us can't stand. them anymore and the endless wars they. drag us into and all the money they take. from us. And Kevin, as a businessman,

what are we doing? Why are we letting. this country the size of their. population is the equivalent of Papa New. Guinea lead us around by the nose and. get us into endless wars? You know, this. war in Iran isn't helping us. And and if. they continue and they bomb the. infrastructure in Iran and the Gulf. countries, you know, it's going to take. 5 to 10 years to rebuild and it is going. to be a global economic disaster. What. are we doing? We got to get rid of the. Israelis. I don't mean that in a. physical way. Just get them out of our. government and make decisions based on.

what's good for America. will be 10,000. times better off and then we could end. the war. >> I think if there was a path to peace in. the Middle East, it's one of the largest. consumer markets on earth. Just Iran. itself has 100 million people. They buy. stuff. And you know, I think about the. future of a global economy. If there was. stability there, uh including peace with. Israel and their neighbors, that would. be an amazing market, a huge market. And.

one of the reasons that people like me. keep a foothold or a footprint in the. UAE, it is and was the capital of. capital until nine weeks ago. And I. think it'll return at some point. That's. a the size of the market in Egypt, Jordan, Sudan, Saudi Arabia, I mean, and. Iran are they're just huge. And those. people want stuff that we make. I mean,

you know, it's that pragmatic. It's that. So, if you could have peace and. stabilize and you want to sell stuff, that's a massive market. And and I, you. know, that's why I remain an optimist on. how this gets resolved because at the. end of the day, it doesn't matter what. religion you are or, you know, what. country you're in or what geography you. came from. Most people, and I would say. 99% want to raise a family, have a job, and enjoy life. they don't want to get. blown up. And so I'm I'm kind of an.

optimist that it's in everybody's. interest to solve this. It's kind of. like the the human condition is I'd like. to get, you know, I'd like to form a. family unit and I'd like to live a. peaceful life and I'd like to buy stuff. I want to be a consumer. So I'm uh in. the camp that says, look, I don't know. how this thing gets resolved. Nobody. does. I'm disappointed that there's no. peace deal this weekend, but hopefully. there'll be one soon. But in the end, most people want peace, period. Unless.

you're, you know, you're crazed as a. crazed leader and you just want to kill. everybody. Those people don't last that. long. They don't seem to, well, they're. certainly not lasting that long in Iran. right now, but you're right. They keep. popping up. But at some point, I don't. know. I think uh peace is a better deal. for everybody. There should be a button. just down below here. And if it says. subscribed, you're already subscribed. If it says subscriber, that means you're. not yet. And if you're not subscribed,

please could you do us a favor and hit. that button? It helps the show more than. you know. And according to the. algorithm, you're someone that watches. our show, but you haven't yet hit that. button. Thank you so much, Kevin. Um, based on that, based on both our. conversation on AI and also how. unpopular this war is, what we're seeing. across the world at the moment is this. rise in socialism in Western markets. We're seeing it in the UK. We're seeing. it around Europe. And we're also seeing. it in the United States. Positive views. of capitalism amongst all Americans has. dropped to an all-time low according to.

a poll done by Gallup. Um, a massive. almost 70% of Democrats now view. socialism positively with only 40%. roughly view capitalism favorably. And. again, this was at the end of last year, so these stats aren't even factoring in. the war. And a staggering 62% of young. Americans hold a favorable view of. socialism as well. So, as we head. towards the midterms, but also the. elections, which I'm not actually that. far away now. It's quite clear to me, as. someone that, you know, I I'm an. entrepreneur in the United States. I I. live in Los Angeles, as you know. Um I. build businesses. It's quite clear to me.

that we're on the verge of a very. different type of America. And we've. seen, you know, um Zhan Mandani be. elected in New York, and we're seeing. this sort of socialistic nar narrative. spread like wildfire. I think heavily. fueled by both wars, but also by. technology, AI, and sort of wealth. inequality. Do you agree that if things. continue on this trajectory, we're. heading towards a more socialist. America? >> No. What I agree on is I'm I'm a history. buff. Um you can go back into the uh 40s.

and 50s. It seems every 17 to 20 years. we take um a dip back into socialism and. back in those days communism even in New. York in Brooklyn longing for what the. Soviet Union had or Cuba had in its. heyday. Um and then the outcome is. always the same. It doesn't work. And so. it it really you have all these. different ideas about how a country. should run and what works best for all.

the faults that US has now and the. debates we have and you know AOC and. Bernie Sanders and Elizabeth Warren and. all this rhetoric and I get it. I mean. they're they're very successful. politicians. I love AOC. She just spews. out stuff and raises five bucks at a. time. You know it's smart. It's a great. social media strategy. And same with. Bernie. I mean, the guy But will she be. president of the United States? I don't. think so. And will Bernie get there? No.

Why does everybody leave Massachusetts, including my son, because you can't. raise any money there to start a. company? The super tax is stupid. And. so, it it's sort of it's it's a it's a. it's a mixing pot of ideas and. competition. But in the end, and I. always say this to my students because I. I what I find so interesting about, you. know, a 20 a cohort of 23 year olds that. I teach in in business classes and. injury classes, they're all socialists,

all of them, until they get their first. paycheck. Then they become capitalists. when they see something called tax. And. they wonder, "Wait a second, wait a. second. Where'd half my salary go? What's this?" And I say, "That's tax.". Now, if you want it to be 80% tax, you. follow that trail that you had before I. started teaching you, you were a. socialist. And now, what are you? Well, I can't pay 50% tax. No kidding. Well,

move to Austin, move to Tennessee, you. move to Florida like everybody else is. doing, and you'll pay 16%. And so I love. the fact that everybody's an idealist. socialist. until they get their first paycheck. And. that's how America works. It's a. wonderful thing. And I say it's good. because you all everybody has a vote. We. continue to believe in that. And I think. the debate rages on and it's great. And. everybody has an opinion. I have mine,

others have theirs. And I love to be. part of this course. You know, one of. the reasons I keep doing what I do is I. love to get into the with. everybody. I like to say the things I. say cuz I really believe them and I've. been there before. I'm wise. I've seen. this movie before. That's what I tell my. students and it freaks them out. >> Just a yes or no answer in this. question. So in 2028, do you think. another capitalistic sort of focused. candidate will win the election. >> or do you think a Democrat or a.

socialist will? I don't think. socialism's going to is socialism going. to make it in America at the uh in the. office of the White House. I think the. pendulum always swings. The Biden. administration went way too far in one. direction. It snapped back. Now you. might argue it went too far the other. way and it snaps back. The whole idea of. midterm gives you the smell test of the. direction which is coming up just months. away and then you'll see who emerges. I. don't think we know who the next.

president of the United States is going. to be, him or her. We don't know who's. going to emerge. >> What's your sense though, Kevin? You're. you're a predict you're a man that makes. predictions. Is it Democrat or is it. Republican in your view? Got to give me. a straight answer here. >> I I I wouldn't even make that guess. It's It's so difficult. I really don't. know. I I I really think that in my. view, the Democrats have lost their way. I would like to see them find a new. leader that's more moderate. I don't think you can spew socialism and. get elected. You got to find somebody.

that is in the middle that is more. pragmatic about providing jobs. I mean, look at California. What a mess that. place is. It's just they may actually. they may hire a Republican mayor out. there. I mean, that's going to be a. shakaroo for LA. But it's gotten pretty. bad. I work out there. It's a you can't. even wear your watch at daytime anymore. I mean, it That's true. >> It's a mess. It's a mess. It's a a. lawless wasteland. It has poor.

management, no executional skills with. the politicians. I mean, you know, you're lucky to be You work there. You. know what I'm talking about. >> Jenk, what's your point of view on that. socialism? Is it coming to America. midterms 2028? It's a lot to talk about there. So, look, I I'm not a fan of Karen Bass. I. voted against her before. I probably. vote against her again in this mayor's. race. Uh, and so I think that sometimes. Democrats, uh, like to get mired in. their bureaucracy and not push for. enough change. So, uh, so I'm not a.

person who just, uh, supports Democrats. no matter what. In fact, I criticize. Democrats a lot on the Young Turks. Uh, but no, you're not going to get your. watch stolen in LA. Uh, I have a family. We go out all the time. It's perfectly. safe. Uh, so for a little while between. 2019 and 2023, crime really did rise in. some of the big cities. We talked about. on the air. were very honest about it. It took some heat from the left on it, but crime's gone down significantly in. 24 and 25. So, I don't think those are. real issues anymore. In terms of uh our. economic model, we need a couple of.

clarifications here. So, as I said. earlier, we we really do corporatism in. America. And another word for that or. phrase for it is crony capitalism. So, we'd be lucky to get back to capitalism, let alone going all the way to socialism. because right now we don't have. capitalism. We don't have free markets. We have uh every industry has captured. the government. They've bribed all of. our politicians. We can't negotiate. prices. Uh these are the I mean that is. the most socialist thing I've ever heard. except socialism for corporations. It's.

mindbending. And that's and that's what. corporism is. It's totally run a muck. now. And why is that? Because of money. and politics. So in order to fix all of. these problems and to get back to real. free markets and capitalism, you have. got to get the money out of politics. If. you don't do that, you're just on a. treadmill of corruption and it never. ends. And you get BS guys like Biden and. Trump who come in and tell you that. they're going to drain the swamp and. then they fill it up even more and even. more. So they and they serve all their. donors. So in terms of socialism, we.

never define what it means. The reality. is most governments are mixed economies. Not most governments, almost all. governments are mixed economies. So when. we say socialism, are we talking about. Cuba or are we talking about the. Netherlands? Because you could argue. that Northern Europe does socialism. Uh. they have a lot more things that are. public rather than private. But do they. have private businesses? Of course they. do. Right? So I would argue that. democratic capitalism is the right way. to go where we have capitalism, but it. is checked by democracy. the CEOs and.

the shareholders look out for the. companies and the legislators and the. president and the prime ministers are. supposed to look out for the citizens. and check the corporations so they don't. run a muck. I think Northern Europe's. probably pretty close to that. In terms. of candidates here in America, again, I'd have to say Roana is probably. the closest one to that. And so if you. go too far left, um I get it that that's. hard, especially on identity politics, which again we're not a fan of on the. Young Turks and we don't think that's.

the right direction to go and it just. divides our country. Uh so I don't think. that that type of far-left candidate can. can win a national election. But after. what Trump does this to this country, what he's already done to this country, Republicans, I have one thing to tell. you. N. there's no way. The the midterms are. gone. Nobody's showing up to vote. Their. voter enthusiasm is gone, obliterated. And by 2028, we're going to have the.

disaster from the war and disaster from. AI, unemployment. So they they only have. one guy who could win, and I'm worried. about it, and that's Tucker Carlson. If. Tucker runs in the Republican primary, he definitely wins that primary. You can. quote me on it. And then you could have. Kevin laughing and you could rerun that. tape. It'll be great. In fact, [snorts]. back in 2016, I was on ABC's This Week. with Stephanopoulos. They asked the. whole panel who's going to win. At that. point, they just won the Democratic. National Convention and Hillary Clinton. had a 10-point lead. I was the only one.

on the panel to say Donald Trump was. going to win. And they all laughed out. loud. Populists win. The people chasing. after the donors, whether it's Israel or. Big Farmer or any of the other donors, then nobody nobody likes those people. Kla Harris lost because she was bragging. about how she had 90 corporate CEOs on. her side. I got bad news for her. Nobody. likes corporate CEOs. Sorry Kevin. Sorry. me. But the reality is that's what every. poll shows. It is deeply deeply.

unpopular and these days it's pretty. merited. So if if you've got someone in. the right lane, which is Democratic. capitalism, I think they win. >> We just got two minutes left. Kevin, uh. you laughed there at the suggestion that. Tucker Carlson might win. I know Tucker. I just did a thing with. him this week. It was really interesting. because he's taken a a very um uh. controversial view about AI and that's. the debate we had. And he has obviously. shifted his focus uh from being proTrump.

to something else. But you know, I have. to admit when I think about it, that is. a possibility if he would uh align. himself. I'm not sure what party he. represents anymore. I think he is a. selfproclaimed Republican, but um that's. interesting idea. The more I think about. it, I can't I can't I I know I laughed. at it, but I've been thinking about it. for the last couple of minutes. Yeah. I. mean, the guy has a massive base. Um he. has a his own network now, which is. something you kind of need these days.

in. Uh you need a really strong social. media base to play um in politics and. and to and to fight the fights in the. seven states. you really got to have a. good organization on social. So, I mean, I think it's going to be fascinating. Um, I think we'll get a pretty good. indication of what the themes will be in. November. Uh, affordability obviously. remains a big one. Um, border remains a. big one in in the US, but AI could. emerge as as a big one too. I mean it.

maybe but I I think by then um. I always look at these big you know AI. kind of burst on the theme but it's not. really about data centers and power it's. about jobs I think is where it's going. and I don't know if that gets resolved. by you can always be a fear mongerer. about the robots eating the babies and. maybe that is an election issue. I don't. know. We'll see. It's going to be. interesting though cuz it it wasn't an. issue until 6 months ago. Jen, last word.

before we close out. >> Yeah. So, look, I don't think that a. pro-Israel candidate can win. Uh, and. so, but all of our politicians are. trained to be pro-Israel. And. apparently, they have trouble reading. polls. So, uh, I think that that, you. know, a populist right versus populist. left would in a sense be a dream. Um, because either way, you hope that they I. mean, the key has to be that they have. to be real. I mean, we're so tired of. these fake politicians in America. They.

never do what they say they're going to. do. They always back the donors. But if. you got two honest guys, and by the way, maybe it's Kana versus Massie, and that. would be amazing. Or maybe it's Kana and. Massie, but there's two guys who were. clearly honest in Congress, and you. know, I can name Bernie as my third. I'm. going to struggle on the fourth one. So, there aren't that many choices. So, and. maybe we go populist, we go independent, and we go in a new direction because God. knows that America needs a new. direction.

>> Kevin Jenk, thank you so much for the. time. Um, I've been a fan of both of you. for many, many, many years. I was saying. to Jenk before we started recording that. I think I've watched The Young Tuck. since I was 19. And when I say watched, I mean really, really watched, not not. casually saw it, but I would watch it. almost daily when I was going through uh. building my businesses and sort of. coming into the professional world. So, thank you so much, Jen. It's a pleasure. to have spent this time with you and. Kevin. Again, I've been, you know, my my. my favorite shark for I think 15 years. now. Um, for many, many, many reasons. Thank you to both of you. Um, I really,

really appreciate it. And hopefully. we'll have this discussion again soon. once all of this plays out because the. answer to a lot of these questions has. been I don't know. And we shall see. So, we shall see. Thank you. >> Thank you. >> Thanks a lot. YouTube have this new. crazy algorithm where they know exactly. what video you would like to watch next. based on AI and all of your viewing. behavior. And the algorithm says that. this video is the perfect video for you. It's different for everybody looking. right now. Check this video out.