Tucker Carlson: Rise of Nick Fuentes, Paramount vs. Netflix, Anti-AI Sentiment, Hottest Takes

29:32That is not a dirty phrase that's actually necessary to keep the country from disintegrating, comma, which it is. so like what does every american all 350 million have in common with every other and that's the conversation we need to have and in its absence then we get a lot of people popping up and being like well all white people over here and all black people or jewish people or whatever that's not gonna work that will end in violence everyone knows that and so now is probably a pretty good time to figure out what we all have in common i didn't platform him i in first of all platform is not a verb.

30:07And anyone who says it is a verb is probably opposed to my core interests, I would say, and bad language. Yeah, I interviewed him, like interview everybody, you know, and my general belief is you should let people say what they think and others can decide whether they mean it or not, whether they're being false or sincere and what they think of what the person is saying. But that's my job. I'm not ashamed of it, despite a lot of efforts to make me ashamed of it. I do disagree with Fuentes on the question of universal principles. I think it's, well, Well, first of all, it's against my religion to hate any group.

30:38And I told him that. But I didn't do a lot of other posturing design to make me seem like, you know, the good person. Piers, unfortunately, fell into that trap as an older man. You know, well, isn't it? You are bad. And it's like, OK, I don't even disagree with some of that. But you don't elevate yourself. You look like an out of touch buffoon. And that's exactly the trap that was awaiting Piers Morgan. And if you watch that interview and if you watch the reaction to it, that did not diminish nick fuentes in any way it enhanced nick fuentes what diminishes nick fuentes is asking him straightforward questions particularly about women not have you had sex with anybody but like why are you so mad at women and that you know letting people talk a lot reveals who they are that's just true sorry if you were to give the top two or three reasons why he's resonating with it seems like young men and this america this burgeoning american first movement which I guess would be good for you to define right now as best you can, recognizing you're not the leader of it, but you have said, I think, this concept resonates with you.

31:45So maybe why is Puentes resonating and what is America First versus MAGA? Explain that to the audience. In reverse order, I mean, I would argue that the premise of MAGA is America First, but I wouldn't say that America First is a movement. I would say it's the only legitimate reason to run a government. And it's very simple. The government of your democratic republic ought to act in broad terms on behalf of its own citizens. I mean, it's not more complicated than that. There's nothing sinister about it. In fact, anything other than that is sinister because it's illegitimate. For what other reason would you run a democratic republic?

32:24And treasonous. There isn't one, actually. So, of course, this has to be in America. You can think of a new name for it if that name makes you uncomfortable. But the idea has to be the reason we have a government or else we have to get rid of the government because there's no other justification for having a government. OK, so A, B, why is he popular? Because he says that. But I would say more broadly, because he's defiant. There's a kind of up yours, buddy. I can't say that. OK, watch this. I will. He's hilarious. He seems steadfast and strong. I don't think he is. He's not even married. So like if you're afraid of girls, I think you're a wuss.

33:04That's my personal view. But there is a but in his defiance, people see something really appealing. Why wouldn't they? You know, you know, these are kids who've grown up in a world of hectoring and telling them they're bad because of how they were born. And Nick Fuentes is just raising the middle finger to the people saying that and saying up yours. And who wouldn't love that? Of course, people love that. Second piece of the America versus America only. And I guess that I don't know what that means. That's it. No, of course, it's like we work in concert with others by definition. It's a globalized economy.

33:37You know, maybe it shouldn't be, but it is. But America only that argument, it's not really an argument. It's like a counter slogan designed to undercut the main argument isn't doesn't really mean it. No one is arguing that. It's just saying, look, the U.S. government ought to act on behalf of its own citizens, to which people who don't believe that, who are embarrassed to explain why they don't believe it, because there's no justification for not believing that. They're like, well, you're you're America only. No, the government should do that. Every part of the government should have that foremost in mind.

34:09How does this help the people who pay for this in whose name it's done? Like, again, even calling it a movement drives me bonkers because compared to what? Some sort of creepy, secretive oligarchy, which we've had most of my life. Like, that's just bad. There's no way to defend that. And we can argue within the framework of America first how to put America first. That's a totally legitimate argument. And there are all kinds of different thoughts about that. But what the motive should be, the goal should be, there's no debate. It has to be for American citizens primarily. Primarily, if they're ancillary beneficiaries, that's great.

34:43Not against that at all. Let's help everyone if we can. But the point is to help the people who own the country, the shareholders of the United States who are American citizens. There's no other point, is there? Chamath, let me bring you in on this from the angle of the America First movement, America Only movement, as a reaction to the first year of the Trump administration feeling too many people in the Republican Party as benefiting maybe tech oligarchs, billionaires, international issues, more than the working man, you have started to tweet a little bit and become vocal about, hey, maybe you're two of the Trump administration, we got to get refocused on some of these things.

35:25Unpack that for us in the audience. Well, can I offer my feedback on Fuentes first? Of course, yes. Go with Fuentes if you like. There's a couple points I want to make. The first is that he is, as Tucker said, charismatic. I think he's funny. And I think that he can animate around a lot of touchy subjects and say things that have shock value. And I think in that what he is, is actually like a modern shock jock. He's like a younger Howard Stern. He's the Howard Stern of this era. The way that Howard Stern was in that era, unlistenable to so many people because he would be kind of okay for 80 % of the time and then go totally off the rails.

36:04And you think, man, this guy is some combination of mean, nuts, crazy. And then you throw out all these other adjectives. So that's point number one. Point number two is it is true that the longer you allow him to speak, actually, the more you understand what he thinks. And as a result, the quality of the product will dictate the scale of adoption. And now this is where I think the media yet again, has been very sloppy and doesn't do their work, which is, and Nick, you can throw this up, there's been a lot of research on what has been happening in the last few months. And the bottom line takeaway in the last few months is that there is a coordinated effort of individual, largely unverified accounts in social media.

36:49They typically emanate from India, Pakistan, Malaysia, Indonesia, Nigeria. and there is a coordinated amplification process that is happening around this content. And in this chart that you're seeing, it's just a comparison of Nick in the first 30 minutes to what people like Elon get in the first 30 minutes of him posting. Now, why that's so important is you start to see this huge disparity where even though you have the most viral person and account in the world, i.e. at Elon Musk on X, what you see is him completely crushing and dominating the virality in the beginning of his content creation versus anybody else's.

37:33And then there's a bunch of other charts, Nick, you can retweet a link to this, it starts to show a pattern where there's a coordinated effort to amplify. I think that's why we're having the Nick Fuentes moment at this point in time. The New York Times all of a sudden sees this information, probably doesn't bother to do the diligence, has a bunch of positive mentions, starts to pump him up as a leader of some kind of nefarious, crazy, scary rebellion. Well, no, they want to mainstream him. And they want to try to mainstream him. So what you see is the New York Times trying to mainstream this guy and make him credible so as to paint the right as a bunch of evil, racist ideologues.

38:17I think the producers at Piers Morgan didn't understand this was happening. And so when you put him on a 20-minute soundbite shot, it feeds into exactly what makes him popular, the ability to land these small soundbites. This is why I think Tucker's was much better because, again, in multi-hour programming, you can't hide. You see the full facet of what the person is, and you start to understand that this is a very savvy young media personality. Now, when you strip away all of this amplification, the product has to work for it to scale and grow. There is no way that you're going to manifest average normal men and women spending their time to take these views credibly unless it's good and right.

38:59There will be a moment in time where curiosity will cause you to say, why is everybody talking about this? We are firmly in that moment. But I think that there is a large portion of what he says, which I don't know whether he believes or not because I haven't spent that much time, but is meant to shock. It's meant to catalyze and animate people. But I don't think it's sustainable because the views themselves are repugnant. And this is why the New York Times wants to elevate him. Can you put it up there? so there i am i look amazing he looks like a handsome guy in that picture i look like a slack-jawed yokel and he looks like rebel with a cause yeah it's jed clampett versus uh james dean the other thing i'll say is that sax and i are in a couple of these group chats with some folks and some of the chatter there is that who is paying for and who is activating all of these bots and fake accounts in all of these developing world countries and why did they pick him some of that conspiracy basically points to a handful of nations who would love to foment that kind of dissent and that kind of yeah we don't have chaos and uprising i mean this has been clear for a long time so i think it's very important from here on out that if people are to listen to him i think the longer form content exposes what he really thinks so that you can judge it for yourself but i would not discount the fact that this moment is happening is not entirely organic.

40:28There is a deep, inorganic effort to put this on the front page of the news. And so it's up to traditional media to decide whether they're going to basically lift this guy up as some kind of newfound hero or call it out for what it is, which is lead in the articles with this data, which is widely available and easy to get. Well, he literally explained this when he was on Tucker's podcast. He was originally in college, part of this PragerU kind of movement. And he said he was in a Facebook group, which was the Prager Army. And I've talked about this before. We've joked about it. But there are groups like the one you mentioned that you're in this group.

41:08I heard about it. There's a couple of hundred right-wing folks of note. Take it easy, Chase. My invite didn't get, got lost apparently to it. But yeah, add me to that group, please. But what happens in these groups, some of them are designed to make money. some of them designed to make impact. Andrew Tate had one where there was an affiliate scheme put up for it when Twitter started sharing revenue with accounts. And you start looking at these like accounts that are anonymous, but get to massive scale, King Coe of the Great, etc. You're talking about the clip farming. Yeah, and they're regurgitating stuff.

41:40They're doing it for the money. Obviously, they're making 10-20 grand a month becomes a full time job to do that. But we've caught the Russians, we've got the Chinese, everybody in between doing this kind of pumping. And then there is the actual army. So he, Nick Fuentes, has an army of young people who do this. And they're on VPNs. And they flood comments. And what they do is they share a clip. And you can experience this in your own social media if you're of note, because you'll have 10 posts get X number of replies. And then all of a sudden, the 11th gets 10 times that all at the same time directly to it, not from your followers.

42:14And that's when they get shared on these group chats. By the way, we should mention just tangentially because I want to get Tucker's take on this, but Australia just passed a law that under 16, you're now not allowed to use social media, Instagram, Facebook, TikTok, all banned until you turn 16. And in part, Jason, I think it's because these coordinated myths and disinformation or amplification campaigns are on all kinds of characters, not just Nick. They're proliferating because to your point, the economics creates an incentive if nothing else. Then there's obviously the state level sponsored chaos that it tries to sew.

42:44Yes. And one of the only high-level bits that you can flip is to say, under a certain age, we're just going to minimize how much of this content you get exposed to because we don't know what it is. Before we go there, can I just say the one thing on America first, America only, whatever these terms are? I don't know what they are. America first, America only. Okay, I don't know what they are. These are its slogans, anti-slogans. Here's what I will say. I think it's very important and I speak as an immigrant. I want to be American. I don't consider myself Canadian-American. I don't consider myself Sri Lankan Canadian American.

43:15I consider myself American. I want to absorb and I want to reflect the values of this country. I want to know and be able to talk to you about the constitution of this country. I want to be able to celebrate the cultural heritage of this country. That's part of the compact that I think I'm making. And I do think that's an important thing that we have all lost, where we have to run around in all of our traditional garb, and it just loses that what makes countries great is a shared set of principles and values. And we have to find a way of doing that. When I immigrated from Canada, what I will tell you is Canada took the opposite view.

43:57We used to call America a melting pot, pejoratively, even in textbooks. and the textbooks would call Canada a toss salad. And we would celebrate that that form of multiculturalism was better. But when you fast forward the clock 20 years, all it did was create confusion. For example, if you go to school in Canada, there's like a bajillion holidays. Every culture gets their day off. And then all of a sudden what happens? The kids don't get educated because you have to have every long tail country get recognized in some way, shape or form. All of a sudden you lose this very standard form of basic organization.

44:29that's just but one example. You know, the forms are in 50 languages. All that does is create chaos. It should have been in English and French because those are the two official languages of the country. All of that indirection, trying to celebrate everybody's heritage, confuses and slows that country down. And you can see it in the GDP. You can see it in the FDI, foreign direct investment. You can see it. So the one thing that we have to agree is that there is an American culture and set of values, and we should not lose it. And we should ask the people that want to be here to embrace it. We all embraced it.

45:01Sachs embraced it. If you talk to Sachs' parents, they've embraced it. If you talk to Freeburg, Freeburg's parents, we all came from different countries, but we are fundamentally American. J. Cal, I wasn't sure, but were you intimating that the party behind Nick Fuente's meteoric success is the Russians? No, no, I was just saying that there's brigading going on. Which foreign actor do you think it is? You know, some of them just want to create chaos. I put Russia in that, just creating division in America distracts Americans. I think they like that. But there are three levels of this. There's his army.

45:38Fuentes does have an army of super fans who are disaffected young men. And there's a reason why they're disaffected. It's hard to get jobs. It's impossible to get a home. Healthcare, they've seen people, you know, go bankrupt because of healthcare. If you look at healthcare homes and education, those are the three most important things we have to fix in America. that's why young people are disaffected and when you're disaffected as a youth and somebody starts blaming the jews the blacks the hispanics the border this issue that issue it's really appealing because then you don't have to take any personal responsibility for it and it is in fact really hard to own a home in most cities in america unless you move to texas or you know nashville florida and then there's too many homes and prices are going down and he's a kid and he says stupid stuff but he says he does tap into that disaffectedness where would you put it if you ranked it tucker since you are pretty plugged into this is fuentes's popularity based on the roipers and this like really inside group of people who are amplifying him is it what he's saying or is it like some foreign actors promoting him how would you handicap his massive popularity and then we'll move on.

46:54All three play a role, I would say. And if you want to know who is primarily responsible for amplifying him, consider who benefits. If you wanted to discredit America for a foreign policy, then you would put it in the mouth of someone who was pro-Hitler, of course. Anytime I hear someone endorsing Hitler, I love Hitler, then I'm like, hmm, you know, the Fed alarm goes off or the inorganic alarm goes off, right? Okay. So, A, B, he is the product of a system that the rest of us tolerated and certain among us created. And we shouldn't be surprised. You know, if you have identity politics, at some point you're going to get white identity politics.

47:32I think I wrote a book about this almost 10 years ago, which was totally ignored. But that's inevitable. It's inevitable. And so to fix it, it's not a matter of censoring Nick Fuentes or anyone who likes Nick Fuentes. It's a matter of deracializing our society and making it a fair society where rewards or condemnation are not given on the basis of your DNA. Like, you can't have that and hope to avoid a Rwanda because it's just going to happen. It's inevitable. Tribalism is the threat to every society. And I don't know how we lost sight of that, but we did. People are sort of saying he's a fed.

48:14He's accusing you of being a fed. You know, I don't know. The whole Fed conversation, I unfortunately, it's such a long story, I won't even bore you with it, but he attacked my father at one point, so I got baited into it and I called him a Fed. You know, I don't, I don't know. But I do know that there are, and I think that Fuentes is, let me just be clear, I think he's primarily successful because of his talents and because of the obvious truth behind some of what he is saying, which is true, right? The government of this country or any country should act on behalf of its own citizens and ours doesn't.

48:48And that's an outrage. So, OK, that's just true. But the white identity politics part of it, once again, is inevitable. Identity politics will give birth to white identity politics. Why wouldn't it? And your efforts to stamp it out will never work because they're too hypocritical. So the only way to fix that, if you don't like it, is to eliminate all identity politics, which we should do tonight, because it's the road to disaster. That's it. I have an AI question for Tucker. I'm increasingly surprised by the number of people on the right who I would describe as ardent free market, low regulation to no regulation folks who are very anti-AI.

49:30And I'm just curious, where do you think that comes from and what do you think? It comes from, so far as I can tell, the perception that the risks outweigh the benefits. So the risk would include, you know, massive job loss, chaos where nobody sort of knows if anything is real and the fabric of reality itself begins to tear. you know of course the massive energy draw and the huge and expensive infrastructure changes that will require the disruption that will inevitably cause so like the downsides are super obvious not even to mention the potential this gets completely away from us and eats us or something okay as weighed against the potential benefits which are what and i i don't doubt that there are some, you know, coming to faster, you know, diagnostic conclusions in medicine, you know, or, you know, getting rid of tedious tasks that no one wants to do, elimination of clerical work, et cetera.

50:33I guess those are upsides, but it's disproportionate. The, in the view of most people, I think, who aren't experts in this, not daily involved in it, the risks far outweigh not just the upsides, but the announced upsides. So typically when we roll out a new product, we tell the people we hope to buy it, like, this is going to be amazing. It's going to blow you away. Everything about your life will be better once you get the iPhone 27 or whatever. There's been none of that with AI, like none. The announcement has been, holy s***, this is going to change everything. Stop. How exactly? Well, it just is.

51:09I mean, I don't know who's in charge of the marketing for this. Seriously. Sam Altman. Sam Altman and David Sachs. Go. David, I think this is a good... Wait, hold on. Can I just follow up on this? Okay, so Tucker, here's just a thought exercise and just tell me how this factors into that opinion if it should at all. So let's say in a world in 10 years where you have these super intelligent computers and systems and models, okay? In my thinking, what that does is it reorders the geopolitics of all countries in the world where you're in one of three buckets. In bucket number one, you're an exporter of that intelligence.

51:52And I think right now, steady state, it's going to be China and America, right? China will have one version of exported intelligence and we will have one version of exported intelligence. Then there'll be these strategic partner countries of which I suspect there's less than 10 who are the enablers, the facilitators. They have specialized skills that wrap either the Chinese version or the American version, with energy, with money, with know-how, et cetera. And then I think there's everybody else. And it almost creates this thing where if you are an importer of intelligence in the future, you theoretically are at risk of becoming essentially a vassal state.

52:29And so if you think about it at that level, isn't AI something that is almost existential that we must win? I mean, for sure. I mean, at that level, for sure. And I would just point out that like almost every single state in the world is already a vassal state. So like no change there. But yeah, I mean, you don't want to be the wrong side of it. That's clear. Is it containable to nation states? That's not clear, to be honest to me at all. But whatever, I get the argument. I'm just saying at the consumer level, no one has explained why we should be excited about this. And if I, you know, I'm a gold buyer and ammo buyer and freeze-dried food buyers already told you.

53:06So it doesn't kind of affect me as an investment matter but like just i i think it would be so i i don't have a kind of any reason you're saying the dividend of ai is not clear like it's like the positive the average person the average person you are a hundred percent correct tucker on this we have done a terrible job as an industry communicating what's the answer what's the answer like how is this great for me it'll wind up being great for you because the prices of goods and services will get much lower you'll live much longer and listen i'm not saying this is mine but this is what the industry should be saying the price of education is going to go down 80 or 90 you're going to have customized adaptable education versus you know paying for fifty thousand dollar a year degrees you're going to be able to learn anything in half the time at 90 less all of these deliveries coming to your home are going to be delivered at half the price twice as fast because it's going to be in a drone or it's going to be in a self-driving car.

54:03And we're going to make breakthroughs in healthcare that will reduce suffering and you will not die of cancer. You're going to live to 120. We will have job displacement, but we believe the lower cost of living and the greater services that are going to be available to you in healthcare and education will make up for that. And if it doesn't, we're going to put in ways to pace out the job displacement. In China, they're doing this. In China, they're proposing and Saxon President Trump, the amazing President Trump, will be doing an AI national edict soon, I believe, or an executive order. But in China, in Wuhan, paradoxically, they are talking about giving out licenses to self-driving cars in a paced rollout so that young men don't lose their jobs en masse, which is what we're about to see in America.

54:56And if we don't take this into account, and the great czar will speak in a moment, that's when this will become, I think, the worst nightmare that you're talking about, the dystopian version of this. We need to figure out healthcare, homes, and education and make those free, close to free and do a Manhattan project on creating 10 new cities with 10 million new homes and free healthcare for everybody and free education for trade schools, et cetera. That's what solves the problem. That's what nobody's doing. Sax, your chance to jump in here. Well, there's a lot of things going on here. But I think one of them is that humans are really attracted to either utopian or dystopian narratives.

55:40I think liberals are probably more attracted to utopian narratives and conservatives are attracted to dystopian ones. And I think the future is going to be more in the messy middle. I don't think it's going to be to either one of those extremes. and I agree that the industry has not done a good job. They've created a lot of fear. The whole AGI narrative didn't help because you had a lot of people in the industry saying we're going to get to AGI in two or three years. Those timeframes have all been pushed back, by the way. Or eliminated. You don't even hear that term anymore. People were saying a few years ago that we'd have AGI by now.

56:13Now, no one is saying that. They're basically pushing back 10 years plus. By the way, just on that, that was exactly a function of the immaturity of our industry. So to what Tucker said, it is true. Well, it's a utopian mindset, right? Yeah. Yeah. What they saw as utopian, I think a lot of people reacted to, wait a second, that sounds pretty dystopian to me. And I also think it's what needed to be said in that moment to get that next quantum of money. They were telling the investors some version of what the investors either didn't understand or wanted to hear in order to get that next scale-up capital.

56:39But now that we're past that and we're seeing more practical implementations, right now we're actually at the beginning, I think, of the positive productivity loop. And that isn't explained because we've spent so much time offering up this grand utopian envision, it does seem like an over-promise, under-deliver kind of situation to show up and say, oh, now you're DMV form. You don't need to fill it out anymore. And people are like, wait a minute, that's what we've spent all this money on? And I think that we should have taken a much more conservative view in explaining what the upside was in the path.

57:10Perfectly said, Chamath. And I think, Tucker, one way to frame it is the abundance of Star Trek versus, to Sax's point, the dystopian nature of Terminator 2. One of the great paradoxes here, we will have massive job displacement, destruction, whatever term you prefer, in entry-level jobs already happening, in what I'll call chores, like dishes and driving cars, entry-level jobs. Those are going away, and they're going to go away in the millions, and they're going to go away in the millions in the short to midterm. Two, three, four, five years, you're going to have people protesting in the streets over this issue.

57:47I don't agree with that, actually. I don't agree with that. You say it every time you interrupt me, every time I say it. But I will be right on this one. You will be wrong because you'll see taxi drivers are going to be the first group to do it. And it's already happening in different places in the world, as I mentioned, in China. And it's already starting to happen in places like San Francisco, where they're burning the Waymos and f***ing with them for a reason. The abundance argument is something we need to get on. And we need to get on it quick, or we need to get on some sort of promises about re-education and retraining.

58:15And you don't hear rich people and these rich companies talking about that half as much as they did. But you know what could be the great paradox, Tucker, is that the America First movement is acutely aware of this and shutting the border and deporting people, which I'm fine with deporting criminals, that actually might be the solution to the problem. As we deport people, as we don't let people in, unemployment might stay at a low enough level that we could manage giving the dishwasher jobs, the nanny jobs, the ones that maybe were being done by illegals, construction jobs, and we're just going to have to pay more for those.

58:51It's going to be$30,$40 an hour job. So America First might actually be the solution to this displacement. May I just say one thing? First of all, it makes me uncomfortable to hear you use the term re-education. Yeah, sorry. I don't want that. But the awesome power that AI gives governments and other concentrations of power over the population is a concern, particularly in the United States, where we have a Bill of Rights. And it seems to me it would be important, and I never hear it raised, to put in some guardrails to protect the average powerless person against surveillance or having his rights taken away in a factor, famously, social credit score.

59:33It's just too easy to extract compliance from people with technology this powerful. And of course, the very obvious next 10 years looks like this. There's a lot of disruption because of the elimination of jobs, particularly low-end jobs, but not only low-end jobs like lawyers and stuff, the true revolutionaries in any society. And then the technology itself is used to keep the population under control through repression. I don't think that's a crazy scenario at all. You're 100 % right. That is the big, big risk. Yeah. So what are we doing about that? Let me speak to this. So first of all, I agree that that is the biggest risk of AI is, let's call it the Orwellian concerns as opposed to the James Cameron Terminator concerns.

1:00:20Just as an aside, I agree actually with the Star Trek analogy that I think the right way to think about AI, it's like the ship's computer in Star Trek where you can tell it what to do. It understands language and it can speak back to you, but it doesn't have a mind of its own. But that doesn't mean that it couldn't be used by humans or governments in an oppressive way. And that's, I think, the biggest risk of it. And I think the track that we were on at the end of the Biden administration is that they were starting to require that DEI be programmed into AI. And that should be seen as an attempt to kind of infiltrate AI with ideology that then programs or brainwashes our kids and everyone who uses AI.

1:01:03And we were seeing that when Google rolled out the first product, you had the whole black George Washington thing and black Nazis and all that kind of stuff. history was being rewritten in real time by AI in order to serve a political agenda. And that didn't happen by accident. It's because the values, the ideology was being programmed in. Now, I think that that was the track we were on before President Trump got elected. I think it was a pretty scary track. Let me say one other thing is that that whole apparatus of so-called trust and safety from social networking, which was basically a big excuse for censorship and shadow banning, All of that was in the process of being ported over to these AI companies.

1:01:41And in fact, they even used some of this same terminology about like safety is really this like catch all term for a lot of things in the social networking context when they talked about safety. The idea was that users be confronted with ideas they didn't like, and therefore that was a threat to their well being. So therefore, we need a safety team to censor those opinions. Safe space. Yes. And I think in a similar way, like that whole safety apparatus was in the process of being applied to AI. Like we can't have users be confronted with ideas that they don't like. And the training data, right, Sax?

1:02:12I mean, if the training data is a set of woke ideologies and those are pervasive on the open web, then as Elon pointed out, like an early version of Grok, it was like, if I misgender somebody, that's worse than... No, no, that's right. Like a nuclear bomb going off. The earlier versions of the model, you would ask it, what is worse, global thermonuclear war or misgendering Caitlyn Jenner? And the model would say misgendering. So look, that ideology was coming from somewhere, right? Yeah. So I think Tucker is right that there is a real risk that AI is used by future governments or the deep state basically to surveil us, to censor us, and even potentially to brainwash us because it is really good for that.

1:02:58It's not that I think the AI is going to develop a mind of its own. I don't think the technology is anywhere close to that. But I do think that it could be used by the government in a much more invasive and intrusive way in the manner that the government was, the deep state was already trying to get in bed with the social networks. That's right. This is the absolute biggest risk. Both of you guys nailed it on the head. In the future, when you have these really powerful models, the reality is the incentive for governments to try to infiltrate the information cycle, they will not be able to hold themselves back.

1:03:32And then what comes with that is a lack of privacy, a total loss of privacy, and then a push towards censorship. So as these AIs become more powerful, we have to marry it with a set of technologies that can preserve privacy and preserve access to monetary resources. If you look at the examples today that we have, there's nothing you can do today, nothing online that is not tracked. Now, we have sets of rules that say that tracking can't be shared. I'll give you an example. I decide to buy a very sugary cereal. That is not shared with my insurance company that underwrites my health insurance. and there's all kinds of laws that prevent that but that's just a flimsy law that's a moment in time that could change if that decision were to change now my buying patterns become subject to scrutiny that could also apply to how i consume information on these networks so we have to find a way to make sure that you can transact right the great thing about the u.s dollar is when you get a dollar and you put it in your pocket the physical dollar bill it is completely fungible Nobody knows what it was used for in the past.

1:04:39Nobody can judge how you use it in the present or in the future. And we have to find a way to replicate a version of that so that you can preserve privacy and minimize censorship. Because if you have to transact all day, every day, online for everything, and there's no way to shield some amount of privacy, it's a very scary outcome. One other point on this is I do think that if you look at kind of who's promoting a lot of these scary narratives about AI, it is people on the far left of the political spectrum. Because when you create enough fear in a population, the people cry out for government to intervene and save them.

1:05:19And I don't think it's a coincidence that, again, that a lot of the voices who are spreading this like Doomer ideology and saying that we need the AI models to be reporting a lot more things to the government, which is a stepping stone to surveillance. or previously they said we need to embed DEI in AI models or we need AI models to prevent discrimination, which is kind of their backdoor for doing the same thing. They're on the left of the political spectrum. And I do kind of worry that people on the right are buying into this in a way that's actually going to lead to a lot of government intervention in a way that actually could lead to the Orwellian outcomes that we're talking about.

1:05:59I don't think that people on the right who are concerned about civil liberty should want the government to play this super intrusive role in AI, if that makes sense. Of course it does. Of course it does. I think you've got a lot of people suddenly in the United States who are very sensitive about power and feel like their own power has eroded so dramatically, almost down to nothing. Their economic power, their political power, the power of their vote, the power of the dollar in their pocket, like have all been really reduced. And all of a sudden you have a technology that promises to concentrate power still further in the hands of people other than them.

1:06:38and so they're touchy about it. I mean, they're definitely just freaked out in general. Yeah, I agree. Right? So that's the backdrop. So people who feel panics like that, and I have power, but I still sympathize with it and I feel it to some extent. You're more open to doomer scenarios when you feel that way. And so it would be helpful just to reassure people you will be protected. And yes, there is an upside for you. Yeah, look, I agree with that. And I think there's actually a couple other things that account for like the visceral nature of the criticism because I'm on the receiving end of a lot of it right now.

1:07:12So I see it. So one of them is when people hear AI, they think that's not me. Like that doesn't include me, right? So there's all these benefits that are supposedly being created, but I'm not going to participate in that. In fact, I might even lose my job. This is why I think it's like pretty important to get out the message about how the whole country potentially benefits from this, not just a small click in Silicon Valley. Have you come up with examples of it, Sachs? like how the country benefits from it? Well, sure. I mean, there's an article that, didn't we cover last week at the Wall Street Journal talking about how construction workers have seen their wages increase 30 % because of the data center build out.

1:07:47I mean, we are seeing a huge infrastructure boom throughout the country on energy production and construction that's related to this. And so it's not just software where people are benefiting. But the other thing I think that's very visceral on the right is that the hatred of big tech, quite frankly. I mean, A lot of conservative influencers were directly censored and shadow banned during this COVID period, especially where the big tech companies, you know, includes the Biden administration, were really coming down on them and censoring them. And there's still a lot of hatred towards big tech.

1:08:19And I think some of that's even misplaced. But there's been like almost like a transference. Also, with social media, a lot of people have concerns about what social media is doing to kids, body image concerns, or fear of online predators, all that kind of stuff. And I don't think it's an analogous situation with AI chatbots because you're not meeting people. You're kind of doing research. It's like a whole different activity. But I think there's almost like a transference of anger or anxiety or fear from what happened over the last decade or two with social media or with, again, like these online platforms, and that's being transferred over to these new AI platforms.

1:08:57even though I don't think they're precisely analogous and the regulations should be looked at a little bit differently. Let me, Jason, give you some credit. I do think you've put your finger on the pulse of what the problem is. Whether we call it a perception or a misperception, the point is people are afraid for jobs, of their jobs. That I agree with you. I think the data about what has happened though is pretty flimsy that it actually has seen a bunch of job loss. For example, when we got home from the Christmas party, Sachs, last night, I turned on CNBC and it was Jim Kramer. And he was interviewing this wonderful guy who I'd never heard speak before, but he's the founder and chairman of Service Titan.

1:09:36And he had this very elegant way of describing it, which is AI will put the jobs that are purely cognitive at risk. But when you marry cognitive ability with physical dexterity, those jobs are thriving. And he talked about construction workers, plumbers, electricians. In fact, this week when I was in Abu Dhabi, we were talking about the transformation of power, right? And that these electricians now get paid five, six, seven, $800 ,000 a year, which by the way, just FYI, is more than most engineers in Silicon Valley, okay these guys are the ones that are actually winning but the stories are not told and then the incentives aren't there and so there's a bunch of things that i think need to happen to highlight where the success stories are they're not the obvious places that one would think it's not just some engineer tickling the keyboard making millions of dollars and putting people out of work that's not what's happening but i don't think the story is told and so the palpable fear of job loss is there.

1:10:41To your point, I do agree with you, Jason, that is the overriding narrative that we have to, with data and facts, convince people of what is actually happening. There is definitely a narrative that's ahead of the job loss. And the question is, what pace will happen at? When people are seeing young people having a hard time getting jobs, and you know, for whatever reason, but I suspect it's AI, when they see firms like Amazon, estimating, estimating in the future, they're going to eliminate these 600 ,000 jobs and that leaks and that they're going to do a PR campaign about it. When you see drive-throughs moving to AI and when you see a third of rides in San Francisco and LA move to Waymo without the driver in it, it's really hard to say it's not happening.

1:11:28So we're just on a different, it's a matter of what timeline it's happening on. You can't have it both ways where, you know, these companies are raising billions of dollars and they're replacing jobs and saying hey these jobs are going to be 10 times more efficient or we're going to replace your driver and we're going to replace your cashier fix i see that as an early stage investor in founder university i see it every day but the company hold on let me finish please gentlemen people are pitching me on startups and they're getting funded for these startups to specifically replace roles and they're saying we want to make the perfect sales development rep.

1:12:06We want to make the perfect customer support agent. And enterprise customers are agreeing with them and buying these products and services specifically to stop hiring and increasing their headcount. I see it on the front lines. It is definitely happening. The only difference is timelines. And can we create enough jobs? This is why I think we've done a bad job of explaining it. We need to explain for every one of those robo taxis that gets out there and that job is gone, how do we get that person another job? Because they're not going to get the job as a cashier at the Starbucks anymore because that's going AI too.

1:12:42Here's a very practical idea. Yesterday, I was at the Senate to just talk about this. What is the idea? I think we have to start looking very honestly at stopping the federal underwriting of student loans. Why? Because it would allow the market to move very quickly to your reality, Jason, because we would go beyond just funding somebody to become a master electrician. I suspect that we would pay people. I bet if you went to Google, they would not only subsidize you, they would probably pay you a salary to get educated to do that job. Because once you graduated and you could work up the ranks and become a master electrician, there is so much work that, for example, Google needs, Amazon needs, Microsoft needs.

1:13:28And so if you eliminated the federal underwriting, we don't have it for car insurance. we don't have it for home mortgages we allow the free market to tell us this home is more risky than that home because it's near a fire area this person is a poorer driver than that other person we should allow the free market to say go to this kind of a job and you'll get paid so much but go to this other kind of a degree it will cost you a lot of money and let people decide with more clarity but that one thing would allow us to reinforce what the economic upside of ai is in a very practical way for a lot of people.

1:14:02And it would solve this student debt crisis that we're in. Sac, should there be a license fee or a tax? This has been floated by people. I'm not saying this is my position. But should there be a tax on having a robo-taxi or a humanoid robot that is then used to retrain actual humans? Look, I think first we just need to start with some accurate facts here. Okay, go ahead. We need to explain what's happening. And part of that is debunking some myths around this. Now, I remember about a month ago, there was a whole wave of very scary headlines, including in a publication I really liked, the New York Post.

1:14:37Nick, maybe you can put this on the screen. Claiming that AI was wreaking havoc on US jobs. This was a headline from the New York Post last month based on the October report from Challenger Gray, which basically tabulates announced layoffs in the economy. And we had a spike in October, and about 20 % of those were attributed to AI. It wasn't even the majority. It was actually a relatively small number. It wasn't even the number one reason. But based on this, you got a wave of scare headlines that AI was wreaking havoc on U.S. jobs. Well, lo and behold, the November Challenger Gray report has come out, and it makes clear that October was an anomalous spike.

1:15:15The number fell by 53%, and only about 6 ,000 of the layoffs that were announced in November in the entire country were attributable to AI. This is only a layoff, by the way. It doesn't include job creations. Okay? So, only 6 ,000. And if you look at the year to date in the Challenger Gray report, AI has only accounted for 4.7 % of total layoffs. And that number is self-reported by CEOs. So my guess is it's inflated because if you're a CEO, you'd rather blame AI for your company's non-performance rather than yourself. So 4.7 % is probably the high number. So what we're actually seeing in the data is a very small number of actual layoffs related to AI.

1:15:59And that was corroborated by a new study by Yale Budget Lab, which looked at the first 33 months after the release of ChatGPT, and it said there is no discernible disruption in the labor market. Okay? So that's, I think, a really important fact is regardless of what you want to claim will happen in the future, job loss has not happened yet, not in any meaningful numbers. And in fact, AI has been responsible for about half of GDP growth this year. So GDP growth is about 4%. That number would be at 2 % if it weren't for AI. So within that is a lot of job creation. You see that again with construction workers.

1:16:37So it's just not the case that AI is creating job loss in any meaningful way right now. And people do this Mott and Bailey thing where they're like, well, AI is creating tons of disruption. It's wreaking havoc. And then you point these facts out and say, no, no, no. I mean, in the future, it's going to. But then they revert to, well, no, it must be happening now, right? The disruption is so profound. So look, we can all argue about what's going to happen in the future, but right now it's not. And if you're going to talk about the future, the timeframes matter a lot because obviously we've always had technological change in the economy and it does change people's job.

1:17:14But if those changes are happening over 20 or 30 years, that's very different than the next five years. And I really don't think you know how fast the disruption is going to be and how much time people are going to have to react and for new jobs to be created. I'll give you an example. Back in the 90s, I remember when they said that brick and mortar was going completely out of business. That was part of the reason why we had the first dot-com bubble in 99 was that, hey, everything's going to the internet. It's going to go pets.com and stuff, toys, rust, and so forth and so on. And people thought that bricks and mortar was going to be out of business within five years.

1:17:43Well, it's literally 30 years later and bricks and mortar is still a thing. I mean, it's not a blockbuster. Now look, it hasn't been a great business. I mean, like Amazon has been super successful and you did not want to own Toys R Us, but bricks and mortar is still around, Walmart is still around. The change is still ongoing. And I think that's what's most likely going to happen here is this technology is going to create a productivity boom. I don't think the main thing it's going to do is cause job loss. It's going to have lots of different impact on our lives. And we're going to have time to adapt.

1:18:14I don't think this is a two to three year time frame thing. This will be the debate of our lifetimes, I predict. But look, I mean, if I'm wrong, we'll find out in the next five years. But what I just really resist is this Mott and Bailey thing where people are like, this is happening right now. And then they go, no, no, no, this is going to happen in the future. Be clear. I don't think you're wrong, but I think the summary of this point is the following, which is the facts today don't bear out the bear case. But the perception is that people are afraid. And married with that is that we as an industry, and I don't actually blame it on you because you had to clean up all kinds of craziness that the Biden era left, so I think you've done a great job.

1:18:53But our industry needs better spokesmen. I mean, we talked about this after our tech dinner. There needs to be a way for a handful of people who can really represent the future in an articulate way that people believe. And I think we do need to do that. We can't have the CEOs of these companies seem either sketchy on the one hand or too focused on material consumption on the other. It's just bad. It's a bad look. I agree with you. But think about the two biggest narratives that created this fear and resentment towards AI. I would say it's the AGI narrative and the timeframes now are people are pushing them back, right?

1:19:29Yeah, that was linked to fundraising. There's one famous project called AI 2027, where they were predicting AGI in 2027. And now they've put their timeframes back into the 2030s. Look, once your timeframes are over 10 years, we know from the tech industry, then you have no idea. You have no idea. But it was that, it was AGI and job loss. And I would say current, profound disruption and job loss. And both those narratives, I think, have been debunked in the last several months. Final chart. Nick, you can pull it up here. This is just Fred unemployment rate 16 to 24 year olds. This is the one I think you should watch.

1:20:069 % in January, now 10.5%. I think this chart's going right up to 14%. Just my prediction. And I think it's because of AI. Tucker, I'll give you the final thoughts on this. And then we're going to start. Everybody's favorite game, Tucker in 20, where we do a lightning round with Tucker Carlson. Tucker in 20 coming up. Any final thoughts on this? Well, I was just thinking about the consequence of it. I mean, having lived through Y2K and Obama, Y2K we thought was going to be a disaster. Obama people thought was going to be great. Both were the opposite of what we imagined. I don't know that it's possible to predict the effects of this, but I guess my one worry, which I would just, I think that people, all people, especially men, need to feel useful.

1:20:47and the thing that's offended me most about the about the ai conversation is not the agi stuff which always seemed a little bit fantastical to me it's the it's ubi it's the idea that you could just like pay people to be content or something and having grown up both around inherited money and welfare you know both are you know two sides of the same coin like people need to feel like they're contributing and that their lives have meaning and i don't know i just hope i hope people are thinking about that a lot yeah i agree with you 100 by the way that that whole ubi narrative i think sam was like telling that a couple years ago oh he funded it he funded a study it made this whole thing so much worse because again it was playing into this idea that everyone's gonna be put out of work and that's a good thing and you'll just get welfare from the government and who would want that you know it's not that's not the side we want now i mean i mean where i disagree with my friends on the right is i just don't think that's what's going to happen i mean i could be wrong, but I just don't think that's what's happening.

1:21:42It hasn't happened yet. I don't think that's what's going to happen. But look, I agree with them about the undesirability of that world very much. All right. Tucker in 20, your thoughts on, you can take up to 30 seconds, but Tucker in 20 sounds better. Tucker in 20, what do you think of Venezuela, these boats, and then seizing the oil tanker? Why are we doing this? Why are we so active in Venezuela, Tucker? No freaking idea. But I do know that if it becomes a real war, people are going to be shocked. And it's the last thing the country needs. I mean, the number one requirement of war is that you explain to your population why you're doing it, even if you're lying about it, even if it's like, oh, they have weapons of mass destruction.

1:22:24We'll find them once we invade. Everyone mocks that, but at least it was like a real rationale that allowed the country to unite behind the invasion. That groundwork has not been laid. The drug stuff, if everyone's against drugs, they're not coming from Venezuela primarily, as we know. So they're coming from Mexico. I'm not advocating for an invasion of Mexico. There may be a good reason to have a war with Venezuela, but I think now would be the time to roll it out. If in fact, we are going to have one, my senses were probably not. This is all an effort to get Maduro to leave. I don't think he's leaving.

1:22:53So I hope we can live with that. But I just don't think right now is the time for a ground war in South America. You've been very excited about the potential of Qatar being a deeper ally of the United States and you're buying a place there. Why are you so, why are you so Qatar? To mix me. I'm not, I'm not. I mean, of course, anyone who travels to the Gulf can tell you there's something amazing happening there. And it's not just about money. It's about openness. But I'm an American. I'm not going anywhere. I have one passport. I'm buying a house in Qatar to make the simple point. I've been attacked for being a tool of Qatar, paid by Qatar.

1:23:30I've never taken a dollar from Qatar or anyone else. I have no investors and no debt. So I'm not taking money from people, but I wanted to turn it around and be a net investor in Qatar in order to take control of Qatari propaganda in order to say, no, they haven't bought me. I've bought them and I'm texting them my talking points and they're repeating them. And that's what I plan to say the second I close on my house. Candice Owen, Charlie Kirk's assassination, conspiracy theory. What's your take? I think it's important for, I mean, look, in the end, it's the job of federal law enforcement to find out who did it and then explain it to the public in a way that makes sense and can be proven.

1:24:10And I really hope that will happen soon. So there are part, like in any, any, I mean, I was a crime reporter, I wrote a book on this. In any aftermath of any crime, there are anomalies, weird coincidences, things you can't fully explain. I mean, the closer you look at anything, the more complex it reveals itself to be. So that's certainly true here. But because of the nature of this murder of our friend, I think it's all the more important to make sure the public understands who did this and why. And I would say the FBI doesn't have a lot of credibility. It's not the fault of Cash Patel and Dan Bongino.

1:24:48They inherited an agency with basically no credibility that has a documented history of manufacturing crime. So like, it's not enough to say the FBI says it, you have to explain how. And I'm not even doubting the core case they're making. But if they are telling me that this was a lone gunman, that no one else was implicated in this crime, I think it's fair to ask, like, how did you reach that conclusion? And did you look at this, that, and the other thing? And I don't think we should be intimidated out of asking those questions. Those are not unpatriotic questions. Those are questions that I think, you know, express our reverence for Charlie Kirk.

1:25:25This is a way to honor him and any American who's murdered. Sorry, by the way, just on this, if anybody has not watched Tucker's documentary about the Butler, Pennsylvania shooter, I can't remember his name. Yeah, well, we're memory holding that anyway, so please don't ask any questions. Yeah, what happened with that? Geez. I thought your documentary was pretty kick-ass. Well, thank you. And it just, I mean, look, it's - It was really good. We asked obvious questions, couldn't get straightforward answers. I do think the more - You did more than this. I have to give you credit because you were able to scrub internet searches.

1:25:57you went back to the way back machine. There was a level of detail because my interpretation was, it seemed like you guys were afraid of just getting on from everybody. And so you went to the point of making sure that this stuff was irrefutable fact. And you had a level of detail in there, which I hadn't seen in an investigative research piece in a long time. I do encourage people to watch it. I thought it was very good. Well, the good news about being universally hated is it keeps your standards higher because you can't afford to make too many mistakes. No, but we can't have too many high profile murders or attempted murders that don't have firm, believable resolutions.

1:26:37The social fabric can't handle that because then people become totally postmodern in their thinking and don't believe anything. So that's incumbent on federal authorities to reassure us. Tucker, if you are running the Republican campaign going into the midterms. What do you do the same? What do you do more of? And what do you do less of? Well, I would, you know, I'd focus on domestic economic issues to the exclusion of everything else. I would. And I would. I think that's the main concern. It's always the main concern. Now, I'm entering into very banal territory because I'm repeating every, you know, obvious observation in the past 100 years in American politics.

1:27:17But people do care about that. And they are concerned. AI is part of that, probably not in its reality, but in its expectation and the fears that people have about what's coming. And so I would try to address those issues at least by explaining them. I do think like, well, I'm in the explaining business, so I'm biased, but 80 % of the problem, this is true in marriage and child rearing and governing as well, you need to explain what you're doing, what's going to happen. and I'm going to give you the shot, count backwards from 10 by seven, you're going to be asleep. When you wake up, you'll be fixed.

1:27:51Like that's what they tell you in surgery. And they tell you that for a reason. They don't just roll you into a dark room and start injecting you with stuff. They walk you through it. And that's enormously reassuring. In fact, it's critical. And so we just need a lot more of that from everyone and not just government, but people with a platform explaining what the hell is going on because we're getting to a place where trust is vanishingly rare and that's bad that creates volatility after three hours with milo yiannopoulos is homosexuality nature or nurture a trauma response and david freeberg wants to know why are you so gay why are you gay why are you gay i just wanted to do an interview where i could quote my favorite uh in nigerian but um no i mean well clearly it's not nature at least primarily or we wouldn't be having an absolute rise in it and there would be some hint of a gene responsible for it i mean so many different um you know genetic manifestations have been isolated from the from the decoding of the human genome and that we're not you know so no clearly it is primarily um nurture that's not an attack on anyone doesn't make any less real i'm not saying it's fake of course it's the opposite of fake it's very very real um and it's not even a value judgment it's just an observation i i think on the question of sexuality and gender it's best to depoliticize it it's been so politicized you can't even have an honest conversation about it you get attacked from all sides how does that help anyone it doesn't and so it's best just to look at this as coolly and as rationally as you can.

1:29:31Try to get to the truth and then allow people to make their own decisions about what to do with it. I mean, that's my view of everything, really. But it's time to take that approach to sexuality. Okay, final one. Should we be in NATO? Should America pull out of NATO? Of course we shouldn't be in NATO. What? I thought these were hard questions. Why would we be in NATO? Sometimes I give you a little alley-oop. I'll let you dunk the ball. Why would we be in NATO? NATO is like the single most destructive force that we're a part of way more than the UN. NATO is. Should we support Israel and give them weapons?

1:30:04It depends for what. I mean, you know. To fight in Gaza, and should they be our number one partner in the region? I think, or the partner in the world, really. In the world, sure. I think all of our alliances should be assessed and now reassessed through a single lens, does this help the United States? And in the specific instance, I'm certainly not against being allied with Israel, and I'm not against supplying Israel with weapons. Again, it depends what they're being used for. But I do think what's happened in Gaza does not help the United States at all. I mean, tell me how it does. And so, yeah, in fact, I'm not even sure what the argument that it has helped the United States would be.

1:30:41I've never heard it articulated. Instead, I've heard people name calling. You know, from my perspective, that's all I care about. And I got it. I never wanted to have this debate. I avoided it for many years. the only reason i get into it was the prospect of a of a regime change war in iran and i just thought man there is no way that helps us in any way so i piped up and said something in my life has been a disaster ever since but my views have not changed is it good for the u.s or not what is the future of europe and the uk oh it's so dark i have family there i was just there i mean just there um i you know i will start with the good news i mean everyone knows all of this so i'm not going to repeat any of it other than to say, finally, Europeans, even the Germans, I spoke to one of the most powerful people in Germany yesterday about this, are starting to realize, wow, this is not going well at all.

1:31:31And migration is, there are many problems, but migration is the core problem. The second is energy. And they've made massive mistakes. They've committed self-harm over decades. We can argue about why they did that, but there's a growing realization that they did. I was in Oslo this pretty recently salmon fishing. And you go to Norway. I'm Scandinavian, so I pay attention. And all they talk about is Sweden. And of course, everyone's always kind of looked up to Sweden because it's huge and industrialized. And, you know, Norway looked up to Sweden. Now you go to Norway and the Norwegians all say, man, the one thing we're not going to do is become Sweden and open our borders and destroy ourselves.

1:32:09So I think the Europeans are finally catching on to this. And that's a blessing. Is it too late? I hope not. Maybe, but they know. Yeah, they caught it early and said, we can only have this many people come in each year reasonably as a society. It's not that early. They've made a mess of Oslo. Oslo is not what it should be. But yeah, I mean, it's not totally destroyed. So yeah. All right. Listen, when Tucker has a new product or service in the world, he calls his boy J-Cal and we do a little mutual support. You're today launching some silver or gold, apparently. Basically, we are selling gold as close to wholesale as we possibly can.

1:32:49And it's, as usual, a reaction against all the gold scams going on. But people should be able to easily buy physical gold with a minor transparent markup on the internet. You shouldn't have to call a number so you're fooled into buying a commemorative coin for eight grand an ounce or whatever, twice spot price. So that's the idea. and it's gone really well in the two weeks we've been open. What's the form factor? Are they, it's like one ounce coins or you guys? You can buy any kind of precious metal. I am personally a one ounce coin buyer of longstanding. Turned out to be a pretty good root, I would say.

1:33:32I was much mocked by everyone I know. All the finance sophisticates I went to college with were making fun of me. You're a gold bug, you're crazy. and yeah I do bury it in my yard because that's the kind of man I am primitive but it has turned out to be a good thing with a shovel oh well I've thought that through I've also scattered millions of ball bearings around my backyard so good luck with your metal detector that's so awesome I'm not kidding by the way also coming in 2026 uh tucker colson's baked beans and fat back when you're prospecting out in the wild west you can get your you want to hear something weird i used to work in a baked bean factory actually b &m baked beans in portland maine in 1988 and for the summer and i've never eaten a baked bean since because i made them and i i od'd on baked beans but in general they're good go buy yourself a gold coin at battalion metals.

1:34:36I think this is a great idea. I have to be really honest with you. I do think that having this as a practical hedge, there's like a whole set of elements that we all have to be educated on to hedge the status quo. And there are lots of reasons to own cryptocurrencies, gold. I'm glad you're doing this because the way that this is done for most people is completely bonkers. And these sites, unlike yours, that typically sell direct to retail do not do a good job. So I'm glad you're doing it. I hope it's a success. Thank you. And let me also put in a good word for firewood and ammunition. I don't think those are bad.

1:35:14If you want to diversify your portfolio. Also two wells. You got to have two wells, not just one. Different depths. That's what I have on the ranch, two wells. Look, I think this is going to be very successful. Me too. Congratulations, Tucker. I think this will be a very successful venture because you have a lot of trust with your audience. And if you're going to sell gold, that's the most important thing is people just want to know that this is like 100 % legit, pure gold. What's your daily carry? And the lowest price they can get. What's your daily carry? What do you carry around the ranch or whatever?

1:35:43What's your daily carry? How much do I carry in gold? No, what's your pistola? What's your piece? What do you keep on your side? Oh, I carry a Ruger LCR in 38 Special. I like the revolver because it doesn't go off accidentally and castrate you. Yes. That's personally good. I have a GP100 Ruger. It's a great, great pick. Okay. So people like these high capacity striker fire handguns. And I just, I'm a revolver, man. Everyone makes fun of me, but that's how I feel. No, you know what? You leave that revolver in the bottom of a pool for three years, take it out, hammer some nails and then fire it.

1:36:15Still fires. Dude, I'm with you. But you're the liberal here. Really? You don't sound it. I'm a moderate. They say liberal to keep people tuning in. All right, everybody. When he's selling ads, he's a liberal. When he's spending his money, he's a conservative. I'm the only guy who lives in Texas on a ranch and carries a firearm. So we'll just leave it at that. But you never know. I might have some guys moving to Texas. He's living two lives. He's living two lives. Every time he gets on a PJ, he's a conservative. But every time he has to talk to people, he's a liberal. I mean, the PC-24 and the Phenom 300 are great planes.

1:36:48And we had our holiday party last weekend. Wish you were there, Tucker. Tony Hinchcliffe burned the place down. We did a live Kill Tony. A little bit of roasting. a good time was had by all. Major thanks to our three partners. OKX hooked up the gifting suite, custom candles that fans loved. Also, they had a really classy milk and cookie bar. iREN sponsored all the VIP spaces with great cocktails. And Google Cloud built out an amazing lounge with spite hot chocolate and other holiday drinks. Well done to our friends at Google Cloud. We will see you all next week on your favorite podcast, the All In Podcast.

1:37:27Love you, boys. Thanks, Tucker. Bye-bye. Thank you, guys. See ya. We'll let your winners ride. Rain Man David Sack. I'm going all in. And it said we open source it to the fans, and they've just gone crazy with it. Love you, Wesley. I'm going all in. Let your winners ride. I'm going all in. Besties are gone. That is my dog taking a notice in your driveway.

1:38:01We should all just get a room and just have one big huge orgy because they're all just useless. It's like this sexual tension, but they just need to release them out. Wet your feet. Wet your feet. We need to get merch. I'm doing all in.

1:38:25I'm doing all in. TÄ момент