SPEAKER_02: All right, what? Oh, I'm doing this again. All right, listen, it's a two parter you read you listen to the first part. Now this is the second part, Episode 76.5. If you will, this is our first ever two parter part two of our two parter. You already listened to part one of Episode 76. That's Elon and Twitter. Lots of details there. And now we're going to cover some more topics including the global food crisis China's plan to stockpile a bunch of food geopolitics while around the horn French election Germany etc. And then we'll go into details about a little bit of the drama and details. Padgett tea parties poker all the good stuff of the all in summit. Coming soon. Okay, enjoy the show. I'll see you on there's still a war raging but I
SPEAKER_02: wanted to get an update from freeburg on the food crisis which he predicted very early for a lot further. Fertilizer prices are still climbing like crazy. There's been some food riding in China, which I think is a separate issue he'll educate us in a minute Sri Lanka. So what is your theory of what we're going to do from here freeburg because I think we're all waiting for this shoe to drop and I think you predicted this is something that we would experience into the fall and into next year. So when are we going to actually see these food riots occurring and then as China's food rights have anything to do with this or does that have to do with a Yeah, I
SPEAKER_00: would put the Chinese food riots as kind of a separate localized supply chain problem related to the lockdowns. But we're definitely you know, I think I mentioned last week the USDA planting report showing in the US how acreage is being reduced on corn. And, and we're seeing this around the world where acres are coming out of production, or less fertilizers being used, which means less food being made. So everything that we predicted, I mean, this is a slow train, a Titanic into the iceberg that we're watching right now. And it's going to continue for nine to 18 months. So, you know, one of the questions that people are now asking, which I said, you know, would become a really critical next step in this crisis is how are we going to bridge the gap in calories? Where's the food going to come from? And how are we going to feed nations that are almost entirely dependent on imports that are running out of food or out of food? So I've mentioned this in the past, the whole world runs on a 90 day food supply, which means roughly 25% of the world's calories are in storage right now. But that's not the case uniformly. So some countries like Tunisia and Somalia, Ethiopia, have close to zero calories in storage. Some countries, like the United States are roughly, you know, 30 40% of our, you know, annual consumed calories are sitting in storage. China is a complete outlier. For years, China has been stockpiling food. And at this point, China has 150% of their annual consumption of food in storage. So they have supplies that if all food production and import stopped in China, they would be able to feed their population for one and a half years. That's an incredible supply of food. So if you look around the world to places like Sri Lanka and places like Somalia, that are struggling to figure out how are we going to bridge this gap on calories that's about to hit us Egypt's about four months of food, by the way, and Egypt is dwindling, they cannot get the food out of the Black Sea. So China is going to be one of the very few potential solutions for bridging the calorie gap over the next year. And I have a strong prediction and a strong belief that because of that, China will use it to maximal leverage. And we will see over the next year, an incredible amount of leverage and power being accumulated by China, because of transactions that they're going to start to enter into to bridge the calorie gap around the world. So in the Horn of Africa, for example, there has been this continuous presence of China, trying to give themselves a military base trying to take some influence over local media. And there's been this kind of push and pull with, you know, certain populations around whether or not we should kind of embrace China locally. And I think that for example, the the food crisis that we're seeing emerge in Ethiopia, Somalia, Eritrea, Djibouti, is going to be resolved by China. And China is going to end up gaining influence gaining military presence, and establishing a more permanent foothold in the Horn of Africa, because of the position that they're in of strength with all these calories, and the need in these regions. That's not just their Sri Lanka, other parts of Southeast Asia, even Western Africa, Northern Africa, China's going to show up. And they're the only country that can show up the UN the World Food Programme, they're gonna do everything they can to shuffle calories around, change food supplies. But I do think that one of the things that everyone's going to be watching, and it's a slow roll, this isn't going to be some one big deal, and everyone wakes up over the next year, while the US is, you know, trying to do everything we can to maximally impose sanctions on Russia, China is slowly turning the crank around the world on the influence that they are going to gain because of this food crisis, and the absolute, you know, surplus that they have locally and the ability to export that surplus to support needs around the world, and it's not going to be free, it's not going to be cheap. So I thought it was worth highlighting what we're seeing. And I shared a couple of articles with you guys. And with Nick articles that no one is paying attention to. And this isn't some conspiratorial, oh my god, there's some dangerous thing happening. I'm just pointing out one of the things that's happening as we talk about, you know, the great change in power, the shift in power globally, that's happening. It is happening in a very significant way this year, given the surplus that China has the dearth that many countries have, and the inability for the US to really adequately respond to the food crisis that that's emerging. And so I thought it was worth bringing to everyone's attention. There's a lot of little articles that support this point. I shared them with you guys, you guys can put them in the show notes and, and put them up on YouTube and whatever. But I think this is going to become a macro trend that we're going to wake up to in six to nine months and be like, Whoa, what the heck happened? You know, how did China get so much leverage around the world? And it's starting now. So that's what happens with every war. You know, we all we
SPEAKER_03: go in hot, you know, we, you know, rah rah, we're all gung ho. And then at some point in time, we're like, wait a second, why do we do that, you know? And you know, and look, there's no shortage of of neo cons and liberal interventionists are all saying this war is wonderful for us, because it's reunited the American alliance and the Western Alliance, and that this has been this war is a good thing for us. Let's keep it going. Let's bleed Russia. Let's topple Putin, the steam stabilizer regime. They're in favor of protracted conflict that I've been, you know, warning against. And what Freiburg is saying is the longer this conflict goes on, the more of these disaster scenarios are going to materialize.
SPEAKER_02: What do you what is your take on how crippled Putin is right now, David, just objectively, and again, you're not a fan of Putin. You listen, yeah. I don't have any. I don't want to ship like, I mean, this does not look good for him. It feels like he can't and he's losing all his tanks. I mean, this seems like a crazy I don't know anything you don't know in terms of, you
SPEAKER_03: know, I'm just a consumer of information. But I tend to think that we are overly optimistic in the West. And look, the war is clearly gone very bad for Putin. But this idea that everything that magically we're going to get regime change in Moscow, we're going to get Gorbachev 2.0. That that is that is an objective worth protracting this war for. I tend to think it's going to be a mistake. I mean, that that's now doesn't mean I support Russia's invasion. I've said it's illegal. It's a crime. It's a violation of international law to humanitarian disaster. But what I've supported is a is a negotiated peace a settlement that we try to get as quickly as possible. That is clearly not the administration's position on this. They want to keep this thing going. And you know, this idea that that a long war is good for America's alliances. I would disagree with that because you're already seeing all over the world now people are starting to object to American policy. You saw it with India. And India is the world's largest democracy, they should be on our side. They definitely should not be on China's side because they have a huge, they're not late intention. But China and India are both de facto on Russia's side on this. Africa and large parts of Latin America would like to have oil. And they would like to maintain their they
SPEAKER_03: would like to maintain their relationship with Russia and they did not support the denunciation of Russia. They would like to see this conflict and large parts of Africa would like to see it and Latin America, basically all the victims. If there's a famine in the world in six months, like freeburg is saying they are all very worried about this. All of them have expressed concern with the American policy, which seems to be retract this war. Okay, and freeburg you have to go do your talk at Berkeley.
SPEAKER_02: Congratulations, and we'll see you next time. Thanks for the contribution. Chumath, any thoughts on the CPI? We set a record that seemed to have gotten lost in the haze of Twitter. I learned something really interesting that I just wanted to
SPEAKER_01: share with you guys. So there was a big CPI print, obviously, but there was a report, probably not many people read it. But it was about home equity. And the takeaway was that since 2020, Americans have taken to 430, I think the exact number is 427, $427 billion of home equity out of their homes and effectively spent it. So what it what it started to make me think about was if you look at all of that home equity, plus the STEMI checks, plus the unemployment insurance checks, that starts to explain, I think, why the labor markets are so tight, and why people haven't gone back to work, there is no motivation, because there's just so much money sloshing around, for them to basically not have to be forced to do any of this stuff that they don't want to anymore. And I think the the thing to keep in mind is like, that's also what's gone into the stock market. It's also what's driven up the price of used cars, new cars, all of this stuff. I just think that kind of like, starts to paint a picture of CPI, that's really important, which is that it's probably a little bit more transitory than we may actually think, because when you exhaust all of that extra money that drives powder, there's not as much inflation to be had. And I think most people are now forecasting that inflation is really going to taper off. And the big warning sign that everybody is sort of, you know, marching towards is, you know, too many excessive rate hikes between now and the end of the year could actually push us into a real recession. And we were talking about that before, but the probability is now sort of like, one in three. Whereas before, I think, you know, David and I sounded a little bit crazy when we were talking about it. So I just wanted to put that out there as something I learned this week that I thought was really important. Worth the labor participation rate peaked at 67 68%. But half a trillion
SPEAKER_01: dollars, I mean, half a trillion dollars of actual spending in the economy, that's a ton of money to be absorbed, right? If
SPEAKER_02: people have a couple 100 grand in their bank account who own homes or whatever, there's no need to go back to a job. And if you don't feel safe, because you maybe still have some COVID fears, you don't want to commute, or you're just out of the rhythm for two years. And you're like, I'm kind of enjoying skiing, whatever you're doing, whatever your jam is, maybe there's no, there's no rush to get back, you'll wait
SPEAKER_01: until you you'll wait until you exhaust all of that money. This
SPEAKER_02: is a and then we're not, as we talked about, we're not letting people into the country at the same time. So you still have 10 million job openings. That flips, that would be economic activity, that would be helpful in fighting, fighting against a recession, correct?
SPEAKER_01: I mean, I think that that we're probably going to have a quarter or two contraction. It's probably going to happen sort of at the late end of this year, beginning of next year, just the real question is how, how high are rates between now and then. And again, I think the setup isn't very good, which is that the investors in the stock market are playing chicken with the Fed. And, you know, they're just at the beginning of a rate cycle, and they haven't been able to impact any real forms of liquidity in the equity market. And so I think they're going to they're going to attack that. And the only blunt force instrument they have is rates. And so you know, you could see rates at three, three and a half percent. And that's going to impact a lot of stuff. And the problem is that, you know, it's going to be after the economy has slowed down, because it's going to be after a lot of these, you know, fake savings,
SPEAKER_01: if you will, have been depleted. Yeah, well, we're seeing some pressure come off as well, the
SPEAKER_02: car shortage is kind of ending. And wages have raised so that it seems like they're in this, you know, confluence of events, certain things are starting to work themselves out. Are you something else? I was I was in Washington this week, the number
SPEAKER_01: of people that listen to our pod. It is incredible. I'm saying Yeah, how many incredible Washington care about
SPEAKER_03: our views on politics. It's incredible. The number of that
SPEAKER_01: feedback to Yeah, it's really, really, really special. We've we've stumbled into something pretty cool. And the fact that it's like must, it's it's it's must listening. It's must listen. It's like a Sunday Weekly Show, you just get a different
SPEAKER_02: perspective from the tech sector and capital allocators that maybe you don't get on us, you know, meet the press or something. Yeah. But just to follow up on that inflation point, the economic
SPEAKER_03: point, Jason, if I can, so please. So look, the main reason inflation is going to go down in the second half of this year is because inflation is measured on a year over year basis. And you remember about a year ago is when inflation started. But you know, around this time last year, inflation was only two and a half percent, then it reached 5% by the summer, then by the end of the year was almost 8%. So as we sort of lap last year's inflation rate, we come up against, you know, you're copying against a 7.8% number last year. So I don't think inflation is going to get any better. We're probably looking at roughly a 12%. You know, official two year inflation numbers. In other words, since Biden took over as president, you're looking at probably 12 to 13% of total inflation as measured by CPI. And that is why even though the headline number will come down later this year, I don't think the American people are going to feel any better about the situation. You can almost predict that Jen Psaki or whoever replaces her at the podium at the White House briefing room, they're going to be touting these lower inflation numbers at the end of the year. But it doesn't mean price levels will have decreased prices will still be very high. When people go to the grocery store, they buy meat or bread or what have you. It's going to be very expensive. And I don't think people are gonna be feeling better off. And there's going to be a lot of negativity going into the November election for this administration. And also, I think it's going to impact consumption. I mean, if
SPEAKER_02: you're going to a gas station, and you I mean, I drove the minivan to LA. And it's the only electric it's only non electric car we have, we happen to drive it because we had a number of people that was bigger than the x and it was like shocking to buy $7 gasoline. And obviously, I can withstand you know, filling up but I could see people saying you know what, maybe I'm not going to make that incremental trip or you know, you start looking at some of the prices. Yeah, you know, for taking a trip or flights. I don't know if you've looked at flights or hotels like things are starting to creep up that it's like super noticeable. And that's got to affect consumption and then that what would be what would be part of those negative two quarters right. You're math. I mean, the role of people stopping consuming and just saying you know what, it's too expensive right now. Just stay at home and watch Netflix. Fuck it. You know, I'll cook pasta tonight. You see that happening
SPEAKER_01: already? Yeah, people are starting to balance the balance
SPEAKER_02: sheet just looking at the balance sheet and saying you know what, what's a way I can, you know, cut some expensive items off the you know, ride a bike, they're gonna take less
SPEAKER_01: travel because you know, the cost of airline tickets have gone up because the cost of the jet fuel has gone up at all. It all ripples through the economy. But I think the thing is that when when the Fed gets involved, though, they get involved in a brute force way. Let me make a prediction right now. If we're, we're definitely
SPEAKER_03: headed into an economic slowdown. I don't know if it will meet the technical definition of recession, but very high negative course of growth. Yes. Exactly. So you
SPEAKER_02: know, very high chance I think of recession, like Jamal said
SPEAKER_03: towards the end of the year. If this war is still going on, and we get into recession, look out below, I think this president will be in Jimmy Carter territory, he began the year at 38%. That was in reasonably good conditions of peacetime. If you know, and I tweeted at the beginning of the year in January, I said that, you know, this is your you're at 38%. That's what peace and prosperity will look out below if we get recession and war. That's what it's looking like right now. So you know, I think this is things are looking pretty, pretty dire, which is why I keep saying that, you know, the policy this administration should be to try and find a settlement to the situation in Ukraine to this war. I know that we didn't start it. Putin started it, let's be clear. But if there's an off ramp here, we should be seizing it because we got real problems back home in America, and the administration should be focused on our economy and our problems.
SPEAKER_01: Europe is going to be the canary in the coal mine on all of this because I think they feel this pretty severely. And I think there's a lot of exhaustion amongst European governments and leaders when you start to listen to this rhetoric, to kind of, you know, find a way to end end what's going on over there, because the they're gonna see a pretty meaningful recession, I think. Yeah, absolutely. Much more much more so than we will. Yeah. And if you look, if you look right now what's happening
SPEAKER_03: in France, Marine Le Pen is surging, unbelievable against Macron. I don't know if she's gonna pull off the upset, but one of the major pillar Well, actually, here's what she's running on. She is saying that she has been focused on inflation and cost of living. And she says, Macron has been distracted by being America's basically lap dog puppet, whatever, on Ukraine. So she's saying we need to focus on the French economy. And she's also saying that we as France should set our own following policy and not be so differential to the US. She says that this protracted war in Ukraine, and all this hot rhetoric coming out of the Biden administration about war crimes and destabilizing Putin and toppling him and putting him on trial at the Hague. That is not in French interests. That's what the Americans want to do. But it's not what we should be wanting to do. We need to end this war. And I'm not ready to say she's gonna pull off the upset yet. But she is clearly articulating that message because she is finding purchase with the French electorate based on that message. And you're going to hear that if this war continues for three months and six months, and Europe goes into recession, you're going to start hearing politicians all over the European continent saying the same thing and questioning American leadership. And why are they are dragging this thing out? The thing that's the scariest thing about the French election.
SPEAKER_01: And I'm not sure how many Americans paid attention to it. But just to maybe summarize in a very quick nutshell, you actually had this really interesting dynamic of three candidates. One was what would be considered far left Jean Luc Melanchin, one far right Marine Le Pen, and then one that was very centrist, Emmanuel Macron. And what's crazy is both of these two were, you know, 22 plus percent of all of the votes. It was just that Le Pen and Macron were one and two. And so they go into a runoff election. And, you know, Melanchin was very clear, he was like, under no circumstance, should any of my supporters vote for Le Pen. But it just shows you what's happening, which is like France, which is, you know, sort of coming undone under this populist fight, is probably a canary in the coal mine for how this stuff could play out in other places. And it's kind of scary. It'd be interesting to see what happens in Germany as well, as
SPEAKER_02: they look at this enabling of they were able to hold the line, they you know, they still have a
SPEAKER_01: center right government. But you know, in Austria for a while, that wasn't the case in Hungary, it's not really the case. And so there's a lot of countries, at least in the Eastern Bloc of Europe, where you've seen a tip in one direction or the other. It's not unreasonable to think of that in France, it could tip in one direction or the other. Fortunately, in the UK, or unfortunately, however you look at it, it's still really a two party system, for the most part, I think. So I don't know, we're in a really precarious moment in world history, I think. Yeah. By the way, I want to talk about one thing that I talked, at the end of last year, I talked about just a very random thing about, you know, Visa and MasterCard and how you could short them. Or, you know, like, basically, like the payment networks, we're going to start to get, you know, dismantled this year. It's really interesting to see, I don't know if you guys have been really paying attention to all the activity that's been happening in payments over like the last, literally 90 days, I think has been really incredible up into, you know, just today, you know, Visa and MasterCard, I think are doing the single dumbest thing they could do by being a duopoly, which is raising prices, especially into an inflationary moment, which just lacks complete knowledge and sensitivity of the moment. So dampened economic activity. But also creates the incentives for disruption. Sure. Right? Because then the gap between you and your next killer's competitor becomes more obvious. And again, in capitalism, you compete away these advantages. And I just think that the setup is becoming more and more obvious for the shift in payments. I just think it's quite interesting. So Dick Durbin actually today basically is going to create a big, you know, hubbub in the Senate around these increasing merchant fees, which will eventually spill over to consumers. There's some talk that, you know, I what is it called? Zelly? Is that how you pronounce it? Zelly? The the the the interbank payment system, people are talking about them converting that to becoming a more substantive payment system. And then this week, I was able to see a little bit under the hood of, you know, Solana Pay. And that's really exciting. So it's all coming. I think like, it's like a swarm of activity to dismantle these payments businesses. I just wanted to just give the 90 day update from our from our discussion in January. All right, everybody. We will see you May 15, 16 and 17 in
SPEAKER_02: Miami for the first All-In Summit now sold out. No more tickets available. There's a waitlist, but we're not going to be able to get to anybody on it. Sorry, you can sign up and we'll make sure you know about next year. If there is a next year, this might be a one and done kind of situation. Three amazing parties. Sunday night is a poker tournament for charity, the top, it's gonna be a sit and go format. If you win your sit and go, you go into a sit and go, bake off and then you get to sit at the final table with the four besties, the winners are going to get to make a donation to the charity of their choice, paid for by the besties. And Sunday night's party will be the Goodfellas party. Monday is going to be the Havana White Party, bring your linen sacks. I know you got a whole closet full down there. And then Tuesday nights are Miami Vice party. Here are the mock ups. This is the first time I'm seeing a little reveal. There's
SPEAKER_03: a lot of work the copy I didn't write. We're workshopping it.
SPEAKER_02: It's just we got a little what do they call that like a mood board. It's a little bit of a mood board. Here's your wet your beaks party for Sunday night. It's going to be a Goodfellas theme. Should be a lot of fun. This is like it looks like Goodfellas. It looks like Goodfellas. We're gonna keep working on it. What your beaks probably not gonna be the name of your party. But that's Sunday night. And then next up is our Havana White Party. Despite all the shit you take.
SPEAKER_01: You do such a good job with this shit. I gotta say. And then we're gonna have this social club. I apologize. But I think
SPEAKER_02: this is complete dogshit. This one. The first one was supposed
SPEAKER_01: to be one of these two social club. You're just a heathen. You
SPEAKER_02: never saw that the first one is so good. This is horrendous. But
SPEAKER_01: I don't even know what is this picture of what it's a it's a
SPEAKER_02: theme on the Buena Vista social club. It's it's not the right image, but we're workshopping it like I said, but yeah, that's gonna be a Havana White Party. Everybody's gonna wear linens on Monday night. And that's gonna be at a beautiful space name and that guy said this is just a designer coming up with ideas.
SPEAKER_02: And then of course, we're gonna have our Miami vice we're gonna rent a couple of Oh, that I like me ventures. And so we all are. And so that should be our at 420 Bitcoin Street, your best 80s dress for Miami venture. So it's gonna be three parties. That is that's hot. I think it's gonna be a three great parties.
SPEAKER_02: You have to but everybody's gonna have to get three great outfits. So linens are easy Monday night. Jake Jake out your your thighs look really big in this photo. Well, this is fat J Cal. This is not 167 J Cal this is 198 J Cal on your left leg. You can't tell where your bottom part of the leg stops
SPEAKER_01: where you're sitting in a stool in that picture they got but
SPEAKER_01: yeah. But it's like you have no knee. It's just like one big shank like yeah, you know what it's when you're fat and you
SPEAKER_02: got fat suits. You know, everything's Listen, I've been looking at pictures of myself. Why didn't you guys fat shame me more? That's the question I have. You guys should have been says you're on you. You really look incredible. And then
SPEAKER_01: yesterday when I saw you I was like, holy shit, this guy looks really fantastic. Look, there's no need there is just no name. It's like no name. It's like big shank. You know what when
SPEAKER_02: you're fat guy you get fat suits. You just try to you know, and now I'm having to rebut look at that fat face. What's up there? Zoom out. Oh my god. Zoom out. Zoom out. Look terrible. Flat hair. Looking nice. Well, you look good. I like fabulous.
SPEAKER_01: Let's go with this one. Let's go with this. Yeah. We're gonna
SPEAKER_02: redo mine. I want all the photos done of Vin J Cal for the inspiration. Don't know double chin. What are you doing? You work for me. Where's my neck? No, I got a neck again. I found my neck everybody. There you have it folks. So I'm sorry if you did not get into the All In Summit, but we've got a great lineup of speakers and events planned. No press because well, we have the same distribution, but we will the press will be able to see all the talks. So all the talks will come out post event on the All In feed. So for the 10 days after the All In feed, you're gonna get a show every day. And who are
SPEAKER_03: confirmed speakers at this point? Oh my lord. So many good
SPEAKER_02: ones. Hold on. Let me pull it up here. Keith Raboy. Palmer Lucky is coming. Oh good. So that's confirmed. That's awesome. Yeah,
SPEAKER_03: we got that confirmed. He's a big fan of Saxy Poo. The new
SPEAKER_02: website's up by the way and it looks beautiful. Wow. Look at this. So we have Ryan Peterson, Nate Silver, Brad Gerstner, Claire Vickle who is amazing. Mar Hirsch on Palmer Lucky, Keith Raboy, Joe Lonsdale. Oh, you got Antonio to wanna speak. Tip Erv. Antonio is now coming out of a shell. Antonio Marcia Martinez. I mean, these are. You should get we should get
SPEAKER_03: some foreign policy folks too. I mean, well, if you guys wanted
SPEAKER_02: to do any **** work, you could help me out here. I thought
SPEAKER_03: this was just a grift you were doing. I didn't know it was serious. Now, I'm now I may have to help. Yeah. No, you're
SPEAKER_02: gonna be proud of this. Well, here's the thing that I'm gonna be most proud of is the format. I have come up with a new concept of a format. I came up with a theme question that people can choose to answer or not but the problem I want to solve and it could be the problem I most wanna solve. It could be the problem I wanna see solved. The problem I'm thinking about people will go up in most cases and give a 10 to 20 minute. call it a Ted style talk a solo talk where they kinda talk about what they're working on in their lives. Then they come and sit in a chair with two besties on either side and then the four of us engage them in a conversation while we're talking. We're gonna have maybe five slides that producers will put together of data points, etcetera. So we all get educated. We pull up the slide and then there'll be you know 600 people in the auditorium 100 people in the simulcast room. We will take one question from the audience or two questions if we have time with each segment and so you're gonna get a lot of bestie action but stimulated by bestie guestie positions and I think this is really what folks want now if somebody doesn't want to give one. Let's say Palmer just wants to talk. Well, we'll just talk with Palmer and so there's gonna be an option. I told people you could your position paper your position statement could be 5 minutes. It could be twenty. So I wanna do something
SPEAKER_01: on natural resource scarcity and national security. So Jim Latinski, the CEO of MP materials. Okay. You just all
SPEAKER_02: you gotta do is Email me the person's email address or introduce me and we'll set it up. So we'll we'll do
SPEAKER_01: something on like the supply chain of like rare earth and lithium nickel coal and so and then here's my other idea. So I
SPEAKER_02: told everybody that the problem I'd like to solve there is
SPEAKER_01: energy independence for America. Perfect. So then do I
SPEAKER_02: need to email you now just email me but here's the thing we're doing. I told everybody I just told you that. Yeah we have Nick will take a note. Yeah to remind you to get the email address. Here's what's gonna happen. Okay. So you don't need me to email you. I mean we don't wanna guess the email if you have it and you know them. I mean I know you wanna do the least amount of work but I need to get a producer's fee here. I don't know you guys gotta outvote freeburg putting that aside. I'm sorry buddy. My beak. I'm fine with that too. Thank you. Then three because that's how all in media is working now. It's just gonna be vote. Well, why don't you sign the LLC agreement? Did anybody sign it yet? I was gonna review it to see what fucking poison pill freeburg put in there. I'm not signing this **** till I have two lawyers looking over freeburg's got a poison pill in there. I don't know about you guys but I just signed any
SPEAKER_01:
SPEAKER_01: random docu sign that I'm just you know you know I wanna it's
SPEAKER_03: a speak. You don't wanna get me at the conference in the last
SPEAKER_02: 30 days. Yeah. So I'd like to get I'd like to get professor
SPEAKER_03: John Meersheimer to speak. He's a that'd be great. Yeah. He's a professor at the University of Chicago. He's been there 40 years. He's the leading. He's a leading theorist. You could say
SPEAKER_03: of the school of thought called realism. Oh yeah. In in foreign policy and he has a track record of being right about all of America's foreign policy. Wait just like how you shared the video with right? Yeah. So. He's the guy who talked about the what do they call that the mono dual tri.
SPEAKER_02: Mononucleosis. Multipolar. Unipolar. When the United
SPEAKER_02: States. He has a critique. He has a critique of liberal
SPEAKER_03: interventionism which has been the dominant. Fantastic. Foreign policy since the end of the Cold War. It's what got us into Iraq, Afghanistan, Syria, Libya. He predicted all those things to be fiasco's. He also predicted that our policy of constructive engagement towards China would ultimately backfire and be a disaster and he has a very contrarian critique right now of our policy in Ukraine that's gone viral. Yes. On Twitter and it's gotten like 10 million plus views. He'd be an incredible person to to come speak. Well, here's what's
SPEAKER_02: happened while we invite people. You know we we invite some people. They don't know the show. We knew other people and like oh my god. I love the show. I'm there. What's going to be interesting is the next 30 days. We're going to talk to each person about what they what topic they really want to you know double click on and then we're going to pair people. so you might have Keith and Antonio. You know you might have Tim and Joe or whatever and so hopefully we can find a little dynamic. Maybe people don't agree. Maybe they have you know opposite positions and then we're going to then have this great socratic dialogue with everybody and I think it's going to be a very fast paced type thing and then hopefully the speakers sit in the VIP area and then I'm going to have a runner there with a microphone or I might do it myself. So you know I might have Keith on in the morning in the afternoon. He might want to chime in on Joe Lonsdale's talk. I run up to him with a microphone etcetera. So we got probably we're going to do 2 hours in the morning 3 hours in the afternoon. so it's ten to twelve so you can sleep in or come for coffee. If we stay late playing poker every night, it's going to be a gentle wake up twelve to two is a nice lunch healthy three to five nice. I'm sorry two to five three hours of nice content. Then you get a little break. You go to the parties at the end of the parties. You never know a poker table or two might be pulled out and we play a little cash game. Who knows anything's possible so poker could be all three nights. I don't know you know it depends on the degeneracy level, but I think it's going to be a fun time. I'm just asking nobody go ham on Sunday or Monday night. Please Tuesday night. You want to have a little extra curricula. You want to go a little late Davy Chamath. That's fine, but I want everybody in bed by midnight
SPEAKER_02: Sunday night and Monday night. No crazy alright. So what are
SPEAKER_03: the dates this thing in? Okay. It's Sunday Monday Tuesday
SPEAKER_02: Sunday Monday of what of what May 1516 17. Okay. Oh my god.
SPEAKER_01: Oh my god. What a **** show. It's a month from now. It's a
SPEAKER_02: month speakers out there. It's in a month. It is. Yes. That's why I'm busting my **** on this. Okay. So Jake I'm going to
SPEAKER_01: introduce you to Latinski so we can slaughter and if anybody
SPEAKER_02: has we could use a couple more female speakers people of color. I'm really trying to keep it diverse and have a lot of range of speakers. A lot of David stands said yes early got the Jolan sales. You get Keith were boys. They all like want to support David's team. I could use a couple people maybe with the posing viewpoint. So we're trying to keep it a little bit white at Bari Weiss may come. We're trying to work on bar. That's good. Yeah. We should go. We can't make it. I wanted to
SPEAKER_02: have Bari and Kara Swisher. It doesn't seem like that oil and vinegar is going to happen. Can we can we get Glenn Greenwald?
SPEAKER_02: But that's right. Right. Right. You're getting you're getting further and further to the road. I'd like to have is somebody a matter with Bari. Matt Taibbi. That's another kind of right guy. I would like to know your definitions are all off Jason. These definitions don't mean anything anymore.
SPEAKER_03: Okay. They're independent critical thinkers. They're
SPEAKER_03: they originally came from the left. They're not like huge fans of unbridled capitalism, but they're more on the populist side. If you want to send an invite to anybody
SPEAKER_02: sacks, I would appreciate it, particularly Peter Thiel, who's the you're the one person who can deliver it since you guys are besties. Bring us Peter Thiel. The guy spoke at a goddamn. Alright, give me give me a list. I'll invite Glenn.
SPEAKER_03: I'll invite Taibbi. I'll invite Peter. Oh, great. Now we just have the audience. We're going to have a protest outside. I I
SPEAKER_02: I I this is the most interesting people. Exactly. It's the most interesting for sure. I like Mike Taibbi. Actually, I'll give you that. Here's the problem. Here's the problem. Here's the
SPEAKER_03: problem with getting the people on the other side is that the people on the other side again, it's not right versus left anymore. It's sort of populist versus elitist and you already know what all the elitist are going to say and they're too afraid to be on stage with people on the other side. But I
SPEAKER_02: mean, I think that you're associated with Peter Thiel with this a little bit charged and triggering for certain people. That's right. Yeah, exactly that. That's why they
SPEAKER_03: don't they don't believe in that. They don't. I mean they
SPEAKER_02: people are like, how could you be friends with David? I'm like because we love each other. We're friends like we're besties and they're like well, but you disagree with them. I'm
SPEAKER_03: like it's it's it's contamination by association. Well, that's what they're basically that's I mean David.
SPEAKER_02: That's what they're trying to do to me right now. I'm getting the back channel. How could you do this with David Sacks and I'm like because he's my best friend. That's why our pod is
SPEAKER_03: popular is we have four people who are friends who sometimes disagree with each other. The reason you can't create the show and still anywhere else. I'm not giving up my friendship
SPEAKER_02: with David. The reason you can't create the show anywhere
SPEAKER_03: else is because those people think they get contaminated if they even have a conversation with somebody on the other side of things. But you don't get that on your side. Correct.
SPEAKER_02: Because we believe in free speech. Because we're intellectually confident. We're intellectually confident. We
SPEAKER_03: don't believe in shutting down the debate. Right. We believe in free speech. The other side. They're authoritarian. Yes. Because they can't defend anything. They just cancel people. They've lost the art of persuasion. I think they've
SPEAKER_02: given up their position would be they've given up trying to reach you. You just don't get it. They've given up trying to reach you and I'm like don't give up. Put up a fight. If you disagree with Sax's position. It's not about reaching me. It's not about reaching me. It's about reaching all of them.
SPEAKER_03: Yes. All the people out there watching. Engage the debate. They don't want to engage the debate because they can't win the debate because they don't know how to persuade. I beat you every week in this debate. All they know how to do is cancel. Weekly. Look what I did to you in January 6th. All they know how to do is cancel people. Yes. They're so used to canceling people. I debate you every week Sax and I own you half the time.
SPEAKER_02:
SPEAKER_03: Okay. If you think so. January 6th. We're going to release the
SPEAKER_02: January 6 tapes. That's all you got. That's all you got. Thanks. You're like MSNBC. That's all you got.
SPEAKER_01: Oh man. We should all just get a room and just have one big huge because they're all just like it's like sexual tension but they just need to release them.
