Elon’s Departure, Bitcoin’s Takeover & How America Wins in the AI Era w/ Anthony Scaramucci, Salim Ismail & Dave Blundin | EP #180

26:38There's 27 amendments. Do the math. You're picking up an amendment every eight or nine years. And yet we have not had a significant amendment since 1993. That was a procedural one. And the big amendment was 59 years ago, the 65 Voting Rights Act. But that's a living document, guys. That document is supposed to be refitted for every generation. But these sons of bitches won't move on the document. You got to reform N. Jerry Mandering. You have to end citizen United. it. You have to put a budget process back in place where we're not running this stuff on continuing resolutions or big, beautiful spending bills.

27:17Yes, I would vote for you. I always want to do that. We're not doing that. So what we have to do that because we have to re -engineer, renew the promise that America is for the rest of the people. So I always think of the Constitution of software. You have to update software occasionally to keep 100 % of the founders. And they knew that. This is my issue with the original But quick question back to the tech forward question if the administration is tech so tech forward why the reticence on solar Unsolver culture war culture war straight off culture would drill baby drill a man We're meat eaters we watch Fox knew like f -150s.

27:54By the way. I don't want an electric stove. Give me the propane Let's fire up the shrimp on the barbecue So it's a culture war issue You see if you set it the way an Elon Musk could say it You would like guys our future is in the sun. It's not in what died before us. That's in the ground Our future is what's right in front of us every day and night and we can channel that now We have the capability we have the resources and we have the efficiency of software We can move the UPS truck around the neighborhood more efficiently We can move the plane in the sky more efficiently We have so many different things that are disposal now to make this energy renewable and to clean up.

28:39You see, I think you're going to be sitting here someday, people that are related to us, a hundred years from now, I said, these assholes, 1850 to 2150, they're going to call that the dirty period of civilization. These assholes were burned and fossil fuel and they were ruining the earth these idiots It was like they had an open garbage pit with the atmosphere. What the hell were these people doing? Okay, and the same way that we hate slavery They're gonna take down statues of us. They're gonna say these assholes try to destroy the earth and the good news is we move to Carbon -free we move to solar we move to the future and so what musk is trying to say and he said it beautifully on Twitter the other day.

29:24This is where we got to go. This is where the futures. By the way, the Chinese are there, guys. Everyone, as you know, earlier this year, I was on stage at the Abundance Summit with some incredible individuals. Kathy Wood, Mogadot, Vinod Kostla, Brett Adcock, and many other amazing tech CEOs. I'm always asked, hey, Peter, where can I see the summit? Well, I'm finally releasing all the talks. You can access my conversation with Kathy Wood and Mogadot for free at DMandis .com slash summit. That's a talk with Kathy Wood and Mogadot for free at DMandis .com slash summit. Enjoy. I'll ask my team to put the links in the show notes below.

30:03On June 5th, Elon tweets out, is it time to create a new political party in America that actually represents the 80 % in the middle? He puts it out as a poll and he gets an 80 % positive response. Then on June 6th, he says, the people have spoken a new political party is needed in America to represent 80 % in the middle and exactly 80 % of people agree. This is fate. Again, Elon's tweet or his post, again, I wish I wish X would come up with a verb instead or keep tweeting. I remember I texted you right away, Anthony, because they're like, oh my God, This is the injection point where hopefully a third party can come into existence.

30:50They name it the American Party. Do you think this has a hope? Well, you got to tell me who's going to find it. If you tell me we're showing up at the table with $50 billion. And so we can get to people and say we're going to have a $50 billion endowment to start a new party. And then we have to have a convention. And we have to put the platforms and planks together of what that party's actually going to reparge that. But you got to have $50 billion. Let me tell you what these guys did. And they did it right after the Ross Perot election. They got the shit scared out of them. Ross got 90 .9 % of the vote 33 years ago.

31:30They went to each other and said shit, this sucks. Can't have a third party, guys. So I hate you. You hate me. Let's get in bed together in the hot tub. and let's conjoin and let's strengthen our duopoly. So we'll make it impossible through voter registration, signatures, petitions, lawsuits. I'm gonna let you, Jerry Mander, your district, you're gonna let me, Jerry Mander, my district. We're gonna strain out all the people. And so we're gonna make it as impossible as we can to start a third party, ask Bobby Kennedy, ask Donald Trump in the year 2000, when he tried to become a reform party candidate for president.

32:09He looked at it and said, okay, there's no way they've locked this thing down. We have a duopoly. So you would need a duopoly busting strategy, $50 billion, $50 billion, the right people operationally, the right tech people, the right people on software, and you could do this, but then you still have to appeal to one of the other two parties. because they have the machinery, they have the architecture, and Trump did this. Trump took over the Republican Party. He decapitated the party, hostile takeover, his third party is MAGA, and he inserted it on top of the Republican Party. He took operating software to use Selim's analogy, and he overlaid it on the old tech.

32:54Okay, and he created a new party. Now that party unfortunately is too populist and that party's policies decisions are driven by the culture war and they're driven by one other important thing and that's Donald Trump. Donald Trump was asked during the Iraq, I'm sorry, the Iran bombing. Donald Trump was asked during the Iran bombing. What are the policies and principles of MAGA and Trump said whatever I want them to be? Okay, and that's a personality call. That's not a party. That means that party's gonna be up for play in 2028 because there's no other person on his team that can say that and Get away for that.

33:37So if I was Elon Musk's political strategist, I would say Mr. Musk What is the platform? Who are we getting the $50 billion from? We got to have a convention so it's a principal -based party which means we're gonna have a little bit of a love and tug in the party and some consensus building. Then we elicitate what the platform is to the American people and we go out and we explain to the American people the rigged system of the duopoly and we got to get to them on Instagram and Facebook and Snapchat and all these other places and X and X and guess what happens because you guys are entrepreneurs.

34:15We're all zero to one people. You can go zero to one and you will liquidate those two parties and you'll force them back into the middle and so we should get things right. And that party should be this isn't left or right but this is right or wrong for America. Isn't Andrew in any solar policy, even in a good space policy, good crypto policy, we're not going to make it partisan. And by the way, that guy is trying to lobby me to stop something from happening. we got to figure out a way to stop that from happening. See that's right. Isn't Andrew Yang trying to do some of this with the Ford Party?

34:51Okay. I love Andrew Yang. He should be part of that party that Elon Musk is putting together. Andrew is correct about a lot of the things that he's saying, but he doesn't have the financial muscle to pull that off. You know those bills you had pretty much added up to what you were talking about, so. No, no, no, no, no. Maybe you could do that. I'm going to be a big deal. I mean, these bills, man, we've lost in 30 years, we lost 50 % of the purchasing power. Look at this shit. Yeah, okay. I mean look at this right yeah throw that one away because that's ruthless now You know Ben Ben Franklin Who was to me on my favorite founding father because he was so cheeky right but Ben Ben Franklin if you were alive today You'd like okay We got a we got to start a new party wake people up Okay, Ben Franklin wrote a lot of different things but my favorite thing that Ben Franklin wrote he wrote a small book called fart proudly You know, you're the one talking about the joy of flatulence.

35:48And of course, you may remember this from the Isaacs in biography. We had no money to continental government. No money. They were over in France together sleeping in the same room, him and John Adams. And he was ripping farts on Adams to the point where Adams had to open the window. And he was freezing his ass off. He caught himself a cold. And they argued about it for 30 years after the thing happened. But they didn't know they didn't know about Franklin was my guy because Franklin was about for proudly and tell Elon let's start the fart proudly party. Okay, fart for freedom as Franklin would say fart for liberty because you got to do is you got to get these young people involved.

36:27Okay, and they don't like what's going on any more than you and I. Okay, so get them involved. And I'm just for viewers and listeners at home. I'm just showing the book here right there. Riding's have been Franklin. You never read in school. You see it says far proudly. You can buy that book on Amazon and it's great essays on the power of flatulence. And what is Franklin's point? Don't take yourself that seriously, fellas, okay? Let's get in there. Let's win together. Let's help each other. Let's share the credit. We don't have, you know, Trump's big issue. He's got to be the one guy in the spotlight, you know?

37:05No other people can be on stage with him. What did Reagan say? You can get anywhere you want in life as long as you don't care who gets the credit? A quick aside, you probably heard me speaking about fountain life before. And you're probably wishing, Peter, would you please stop talking about fountain life? And the answer is no, I wouldn't, because genuinely we're living through a healthcare crisis. You mean I know this, but 70 % of heart attacks have no precinct, no pain, no shortness and breath. And half of those people with a heart attack never wake up. You don't feel cancer until stage 3 or stage 4, until it's too late.

37:36But we have all the technology required to detect and prevent these diseases early at scale. That's why a group of us, including Tony Robbins, Bill Cap and Bob Hooray, founded Fountain Life, a one -stop center to help people understand what's going on inside their bodies before it's too late, and to gain access to the therapeutics to give them decades of extra health span. Learn more about what's going on inside your body from Fountain Life. Go to fountainlife .com slash Peter and tell him Peter sent you. Okay, back to the episode. Anthony, let's jump into US, where it's China and particular, you know, one of the things we've been discussing on our WTF episodes with my moonshot mates here is, in fact, you know, the chip race, the chip wars going on, the notion that by 2030, China is going to be building the entire equivalent of US electric energy production.

38:29the entire for the US country every year in China that they are running away with energy production and could potentially be running away with chip production and AI. What are your thoughts about that? Is the current administration taking the right attack? Are they too slow? Should we be identifying on these fronts? Well, again, this is stuff that we're fighting over that we shouldn't be fighting over. Like the people on this call, we know we should not be fighting over Bitcoin. Bitcoin is a non -partisan issue the way oil is. If I said to you, we have rare earth minerals in our reserve. Have you ever a Democrat?

39:08Are you going to fight that or your Republican? Hey, I don't want rare earth minerals. So we got to get certain things into a monon, partisan category of policy. I hate you, Peter. You're a Democrat. I'm a Republican. I hate you. But we're both gonna agree on this. We need to compete with China on the issues that you're describing. For the record, I used to be a Democrat and I would. No, no, no, no. I love you, Peter. You're like one of my brothers. I mean, you're like my brother from another mother. I love you, buddy. You've been a great dad to my son, better than me actually, because he actually listens to you.

39:41He doesn't listen to me. I brought more pops. Gonna show another prop, look. Yeah, well, this is the Eurasian century. It was written by Hal Brands. And this is a great book about Eurasia. And of course, if you know your MacKinder, the Oxford historian, what did MacKinder say in the 1850s? He said, whoever controlling Eurasia is going to control the world because it's the largest landmass, slightly larger than Africa, but you've got tremendous resources there. and the Chinese understand this, Henry Kissinger understood it, Zibbanyu Brzezinski understood it, Jimmy Carter understood it, Reagan had it explained to him and then he understood it, but we're not doing that anymore.

40:27Okay, and we gotta understand this, and we gotta make sure that we're part of this. So when you're building the Silk Road, when you're building that whole thing out, the belts and suspenders of it, Okay, the Chinese are not thinking in two -year election cycles, four -year election cycles. They're thinking in 100 -year periods of time. That's why people say, oh, the Chinese are going to go away after Taiwan. Why would they? I have to do it right now. The Chinese are expecting in the next 20 to 50 years that Taiwan falls in their lap, the way Hong Kong did. They don't have to fight over Taiwan.

41:04By the way, I just for newsflash, but that's an 80 -mile straight. It's a very difficult straight and there's a lot of mountainous terrain on that island of Formosa. It's not an easy thing to do. It was a 20 -mile straight and a D -day. I think about all the logistical problems we had there. That's four times. You've got to get ground troops in there. They're not going to do that. What they're going to do is do what you just said. They're going to out produce. They're going to be way more productive than us. and they're gonna get the power through the soft power. This is something I disagreed with Elon about that.

41:42Okay, the doge thing going after USAID, I understand there's some graph, I understand there's some fraud in there. I'm not, I know that people are not perfect, but we need our soft power to preserve our currency advantage. We need our soft power to preserve our brand. The Chinese have a shitty brand, okay? You know, I was at the chalk history festival last week. So I'm old lady, my demo by the way guys is like 70 to 90 okay. That's my demo. If the women are 70 to 90 they love me. My wife is like that's fucking great. You know no one no one below 70 likes you so I'm no problem right. So the lady's raised in her hand and she says the question about China and how should we think about China.

42:24They're pumping money into Africa. They're pumping money into Eurasia. How should we think about it? And the answer is they're getting a demultipocation from their money because their culture sucks. They're not a free country. So when they put a dollar in on a multiplication level, it's like 0 .3. When the Americans put in a dollar because we got Madonna and Bruce Springsteen and Peter Diamondis, that's sexy Greek. When we get those guys in the mix, okay, we get an exponent, it, because people love America. Now Trump's hurting our brand because he's trying to be too aggressive with adversaries and with allies.

43:06But you got to go back to USAID, use the soft power flex on people. And by the way, just think about this. We have the international stores. Europe creates international stores. China creates no international stores. Because anytime they create a star, they arrest them, they put them in a jail, and they say you got to submit to the Communist Party. Okay, so we have a material in advantage over them, and we have to be smart about the exercise of that advantage around the world. Selene, what have I got to? Can I get a counterpoint here? In the world of abundance, a China U .S. tension makes very little sense.

43:45right? And if it was a zero -synch game, yes, but in an abundance world, once you have abundant energy. So how does that play into your thinking? Because you're one of the few that can see that tension clearly and also see where the technology is going. No, no counterpoint needed. I'm in agreement on that. If you've heard my other interviews, I'm a China rationalist. I have taken Kissinger's view of China. I would recommend that book on China from Henry Kissinger. I'm a believer that we have two different systems, but we have to be compatible. And if anything, I want to get deeper into the economic dependency, the interdependency with China.

44:25Because what we find through 5 ,000 years of recorded history, the more economically interdependent we are, the harder it is. See, when Trump is terrifting them, or they're going to tear us, that's going to make us go apart. No bueno. know, you're way better getting deeper with China, which will stall China from making decisions to hurt you and vice versa. And I'm not saying they're not adversaries. I'm not saying they're not stealing our intellectual property. I'm not saying I'm a China realist, but I think it is very, very important that we figure out a way to get closer to China and not have these separate silos.

45:03These separate stove tops would be very dangerous and very bad long term for the world. Have you heard my one line summary of China? Go ahead. I think China, the native capitalism of the Chinese people, is so ridiculously high that they need socialism to keep a lid on it. Otherwise, they'd sell their grandmother for a profit. It's probably true. You know China better than me, Selim. I would say this to you that the forces in China are different on the ground than people expect. You know, there are seven Balkan ice provinces that are being glued together by 90 to 100 million people in the Chinese Communist Party.

45:44There's a lot going on in there, the Uighurs, the situation with the bet. You know, everybody's got a VPN, 10 % of the Bitcoin mining, still getting done in China, 15 % of the transactions, still getting done in China. There's a lot going on in China. And you know, the Chinese may take Taiwan, where the Chinese may morph into something totally different than is existing in China right now. We don't know. But if you were sitting with a Soviet tologist in 1987, they would have said to you, well, you know, the Berlin Wall is going to be there for 2 ,000 years, and it's going to be like the Wall in Jerusalem.

46:27And then the other thing is going to happen is the Soviet is going to be there forever. And then two years later about it being about a boom, the things down and the flags coming down and the Russian flags going up Christmas Day of 1991 Okay, and so so so you don't know what's gonna happen But what you need to do is focus on us Fix the inside of us This way the people on the outside will love us more fix the inside of us and let's give the Chinese a break because they got their own problems Okay, we don't need to be overly fighting with them while we're trying to fix the inside of us. So recent news Trump says he's gotten a group of wealthy individuals together to buy TikTok.

47:07Yeah, not gonna happen. Not gonna happen. It's gonna stay in Chinese hands and it's gonna stay as something that people Play with every day. It's just gonna stay status quo. I think so. Yes. I know less Trump wants to pull the plug on there First of all, they're never that is weapons grade that is weapons grade surveillance software. That is about as good as spyware as you can get. And it's influenced. So, yeah, I was just gonna say that. It's influencedware. And so it is moving a nation. They've got people thinking that the moon landing is fake. They've got people thinking, oh, Sam, I've been a lot and did some good things.

47:44I mean, they got 31 % of the boys in this country, below the age of 30, that think that we fake the moon landing. Okay, so Tiktok is a powerful source in China, but Trump's bottom paid for by the guys that own Tiktok with the Chinese, and so he's not going to bust them, okay? And that's a big problem in the country, because Trump cares about two fucking things, he cares about money, and he cares about attention. He wants to be on the top fold of your newspaper, and he wants the four of us talking about him. And so he will do it. He's like a he's a reality television producer. He'll come up with the project and the script every day To get you hyper analyzing him and get your quarters all levels up Okay, but if he was a great leader, he would say you know, this is really bad for us So either we have to take it over or shut it down.

48:35You know, I don't watch the news because they couldn't pay me enough to watch what these producers are feeding us all this distopying use. I do watch our podcast, if those you who are on our podcast today, this is the real news, you know, the technology is going to transform every aspect of our life. It's not edited. You're not getting a homogenized version. You're getting people on the ground telling you what they really think. Talking about farts all the time. More proudly. Okay, that's what I I want it to be the Franklin party and I want the symbol be fart proudly, fart for freedom and for for liberty.

49:12You're upset with the status quo, fart proudly. Okay. All right. Dave, what's your thoughts on all of this? Oh, I've got so many thoughts. So, so I'm trying to, well, first on this interest party idea, you know, one of the things Donald Trump figured out is that voter turnout turns out to be more important than voter appeal. And the way you get voter turnout is to whip people up, get them super, super angry or super excited or super motivated to show up. So if you grab the middle 80 % of America, which would be the perfect outcome, I'm not denying that, that would be phenomenal. But what tends to happen is if it rains a little or it's cold that day, they don't show up to vote where that really hits you is in the primary.

49:51I mean, everybody was shocked when Donald Trump got elected the first time that he got through the primaries. But when you get a big support base, it can only be a couple percent, but they show up. That's what dominates the primers. The primary system is fundamentally got some really weird behavior early on. Then you get this centrist party that has sort of lukewarm passion. That's why you see it merge with one party or the other at the finish line all the time is because it can't stand alone in the middle. It gets co -opted by someone who's really passionate about immigration or really passionate about human rights, really passionate about abortion, whatever it is, they show up to vote.

50:29And the center is kind of sitting on watching TV. So something I agree with you, but let me give you a counter narrative that I'd like Dave to react to it. So everything you just said is true. But now you've got Elon Musk on the team and he's a great engineer. And you just you just told us what the problem is. And so now do we how do we engineer out of that problem? Can we create entertainment content? Can we create policy content? Can we create educational content where we ignite a fire under the most powerful voting block in the country? Let me tell you about that voting block. There's 140 million people in this country.

51:08They vote exactly the same way every election. Most powerful voting block. You know, with that is Dave, the non voter. Right. They've given up on the system. But you're telling me that we don't have smart programming. We don't have smart entertainment people. We don't have ideas through TikTok, Instagram, Snapchat, where we can draw people in. You're saying that they're just too lukewarm. They don't want to fix the country. You don't think bankruptcy could be a sell to a very large group of people like immigration and abortion. You don't think debt super cycle. You don't think, hey, I can get you more per capita income if we're moving in the AI -based world, you may have a four hour work week, and you may be richer than you were with a five hour work week.

52:00If you're telling me none of those ideas will sell Dave, then I'm with you. We are fucked. Let's state the canoe and ride it over the Niagara Falls. Well, we don't have to be fucked. I don't think that National Bankruptcy motivates people to vote, which is pathetic, because it's the biggest crisis. I mean, it's obvious that we'll run the debt up to any level. the way to win elections is to run up the dead even more by a bunch of votes and then get reelected. It's a perpetual, perpetual cycle. It's going to lead to disaster and people just don't react to it. But I think there is a fix, which is make it easier to vote.

52:34And in a field on musk is really playing the cards, right? He was a state ducky in the hot tub and said, Hey, why don't we use gov .ai to make it much easier for people to vote, especially in primaries early on and get that centrist, you know, rational middle of the road, broad thinking American to actually show up and vote in a primary, and then you get better candidates. Everybody agrees. You survey everybody. 90 plus percent agree that we're not getting great candidates. Why is that? Dig in the cause. One of them is that job is too loaded with baggage risk, like actually getting shot risk, but also social media risk.

53:12Try to de -risk the job so great people want the job, but then the bigger thing make it much easier. You know my policy here Dave, anyone who wants to be run for president should automatically be disallowed. It should be like a drafted position. Alan Greenspan said that. But again, the incentives are wrong. Dave is right about everything he's saying, but then again, the question is, can you get, like they'll vote down the voting. Let's just be very clear about that. They don't want the people to vote. They've got themselves in these presidential elections. Well, Jerry Mandarin like he said. the Jerry Mandarin politicians are picking the voters in this country.

53:48The voters don't pick the politicians. So they've got a system in place. Let me say an Andrew Yang thing here because you guys brought them up. Andrew said to me once and I checked the statistics. They're true. The politicians in Washington have a 14 % approval rating. The Congress has a 14 % approval rating. Yet the incumbent when he runs for reelection is a 95 % reelectional rate. It's like being a chef at a really bad fucking restaurant and you're getting a one -star yelp rating, but you never get fired. And this is because of the voting, David. So you're telling me, with the 50 billion, we couldn't get Mosques help, and we couldn't say to people, listen, we gotta get more people voting.

54:29If more people vote will liquidate the extremists in the society, we'll make it better for all of us. You don't think, listen. No, I think that can work. Australia has mandatory voting. You know, and you get fined if you don't vote. And that's interesting. You need that mandatory voting like Australia. But again, that requires a big change. I've got a bigger structural question to ask you, Anthony, which is that in 2015, Yale did a survey and they found that the US has not a functioning democracy in any way, shape or form, meaning that no amount of voter will park in resultant legislation. Gun control is an example where 84 % of the people want gun control yet we can never get the legislation passed for all of the factors you have.

55:11So there's headwinds here that are going much, much deeper than even the political party system. And how do you defeat and counteract that is the question I've got? Because I think you need a whole new system. Revolution, baby. Oh, you know, I want to go back to Dave. I think Dave's on to something. He's saying something that we all, I believe, is very true. You can't get the attention. You can't get the passion going on the stuff that we would need them to get going on, right? But the question is, could you, could you publicize and explain to people the necessary steps of reform? See, I don't want a revolution.

55:49I would like reform. Okay. See, what's happening right now is fat cats have taken control. They lit up the government through Citizens United. They got this great corporate welfare system going and they're all shooting for $50 million weddings and a trillion dollar net worth. Okay, that's great, but every time you do that in a system, you break the system and you get the revolution. And you get a guy like the kid here in New York that wants a socialism, take over production and all this stuff. That's happened throughout American history. Who stopped it? Teddy Roosevelt stopped it. The name progressive came from Roosevelt.

56:27He was a Republican. He went to the Robert Barons in fact, Cassus said, knock it off. You're taking too much economic reference society. You're worth a lot of money. You're not going to get an extra yacht. Calm down. We got to help the lower middle income people feel like the system is fairer for them and that they have an aspirational arc of a potential career. Knock it off. He busted Rockefeller. He busted the banking trust. He busted somebody else's trust. And he did it. Reagan did it. Reagan went to AT &T with Judge Harold Green and said knock it off. Okay, he's sitting on all this technology that we need, knock it off and in 1984, we busted AT &T.

57:08Okay, the irony is these seven big tech companies, they don't exist if we don't bust AT &T. So guys, knock it off. So let me go to the slides of the question. A funding, what's that? We're all technoptimists on this podcast right now. I do believe that technology is what's gonna drive GDP, it's gonna drive, it's gonna ultimately be the mechanism, which we solve, are dead crisis. But we have a lot of people who watch this podcast that are asking about the implications of AI for the lower and middle class. How can you make AI for everyone? How can get this technology for everyone? What are your thoughts there?

57:51Because I think a lot of us are just like super excited about what's coming on the AI front, but it's skating over the majority of the public thoughts. So I am a big believer in equal opportunity. And I am a big believer that we need a package of services in this country that provide people with a platform of equal opportunity. So what's in that is healthcare, education and AI. And just like we did with social security and we did with other things, we have to deliver to the kid when he's born, the promise that he's going to get fairly educated. And you know this because you've worked with Khan Academy and others.

58:37We can use AI, we can use visuals, we can use, we can take the smartest teachers in the world and bring them into every fifth grade classroom in the country. And we can have an hour a day with the smartest teacher in the world for a fifth grader, the Steven Spielberg, the George Lucas of teaching, Peter D. Amandis, and we can talk to the kid, and we can almost have a hologram at this point where the person's actually there with them. And it's fully democratized. So that, now the teachers here is gonna be upset with that, and they're gonna stop that. Okay, so that's why you need the third party.

59:18Because Democrats say I can't do that, because I'm tied to the teachers union. And it Democrats, I mean, to funny people, you know, we're gonna block Elon. Last time I checked, does Elon make electric vehicles? I think he does. I mean, I don't know, but let me, you mean a news flash if he doesn't. They kick him out of the electric vehicle summit? Well, the UAW got on a phone with the Biden administration. We know it wasn't Biden, because he's brain dead, so they got on with someone with somebody and they said, oh, hey, he can't come to the electric vehicle summit. So you kick him out of the electric vehicle summit?

59:47One of the stupid decisions they could have ever made. I mean, come on, what are you guys? So you bunch of individuals. You want the people in the tent, so when they piss, they piss outside the tent. That's what Johnson would say. You don't want the people outside the tent like Bobby Kennedy and Elon pissing back into the tent. What are you guys doing? What are you doing? Okay, so very simply, you need a bill. You wanna talk about big, beautiful spending? Let's spend where there's a multiplier effect. We know bridges, roads, tunnels, and airports, they created a multiplier effect. We know in the city of Boston, where Dave is sitting at MIT, we know that the big dig had a 5x overrun in cost.

1:00:31Insane. But it totally gentrified and created a new ecosystem in Boston. It created better exerbs, better suburbs, more better living standards, higher disposable income, easier access to the airports. And even though it was five times the cost, it generated six to eight times whatever the cost was in terms of positive externalities for the area. So we need a form factor like that. We need critical capital, human capital infrastructure. You want to rebuild the airport? I'm for that. But I also want to rebuild the human capital infrastructure of the K through 12 person. and part of that is this package of AI, where they get issued an AI tutor, they get issued, somebody to help them get through their lives.

1:01:26That's timeline. Where they lose their cognitive edge. What's your timeline? What's your timeline? Well, the timeline is really interesting. If you think about the next election cycle is right when we're gonna be running out of electrical power. Like you mentioned the big dig and in hindsight, it did pay off, but if we had taken all that money, $14 billion and rerouted it to power generation. Of course, we didn't know we would need it at the time, but then we'd be in a much, much better spot. You know, as Peter was saying, we're gonna be miles behind in power generation versus China, but right when the next election cycle is coming on, there's gonna be massive job displacement and a massive threat of an arms race with China in AI.

1:02:03And the creation of all the data centers that we need to keep up is gonna be a huge job opportunity. And so we'll actually be rational to invest like crazy in that one specific area. And what's beautiful about data center creation too is it's everything from physical infrastructure, real estate, foundations, plumbing, all that. Plus operating system design, plus racks, plus, yeah, it hits every set legal, everybody can participate in it. So if you think about the run up to World War II and then beginning of World War II, it should be very similar to that if anything more acute, but all encompassing everyone can contribute.

1:02:40So if someone can rally everyone around that cause because the job displacement is gonna come long before the next election At the rate things are changing right now So so that would be the galvanizing moment and I think the China thing is not gonna go away I agree you guys agree that we shouldn't be picking a fight with China, but we started it We started it under the Biden administration perpetuated it. It's both parties, you know with the Chips and Jobs Act before So yeah before Anthony jumps in I would like to hear a saline response that but finish up day, please Well, so so there was absolutely no hostility at all prior to the US Unilaterally saying hey you can't have our best chips and and that that alone isn't the big deal It's the reason you can't have our best chips is because there's no way that we're gonna tolerate you catching up to us in AI So if that doesn't do the job then we're gonna do the next thing then we're gonna do the next thing that in the next thing So Chinese reaction to that is like okay You have told us what your position is there's no going back from that So any amount of reconciliation at this point isn't going to change the fact that next election cycle will be in a full -bore AI arms race with China whether it was rational or not.

1:03:50It's going to exist on that day. And that's going to be a big motivating galvanizing force. I got some other Thing outcomes and side effects that'll come from that that we can talk about but Peter. I know you want to yeah I know 28 the timing is like spot on Selim. What are your thoughts on that? Well, it's clear we need radical energy expansion, which is the root cause of a lot of this. And this is the big structural tension, I think. We don't see a clear path to getting there. It takes too long to build fossil fuel. We have to get around this cultural world problem with solar very quickly. Every day I get the strangest compliment.

1:04:24Someone will stop me and say, Peter, you have such nice skin. Honestly, I never thought I'd hear that from anyone. And honestly, I can't take the full credit. All I do is use something called One Skin OS 1 twice a day every day. The company is built by four brilliant PhD women who identified a peptide that effectively reverses the age of your skin. I love it and again, I use this twice a day every day. You can go to oneskin .co and write Peter at checkout for a discount on the same product I use. That's oneskin .co and use the code Peter at checkout. Alright, back to the episode. But Anthony, was the move where the administration took the entire sort of royal family of AI on a shopping spree to Saudi and the Emirates a brilliant move?

1:05:16Do you congratulate the Trump administration on that? Well, I like the concept. I like the tactic of you have to tell me what the outcome is. I don't know what the outcome of it was. I know the UAE is pushing a lot of money into AI. And yes, I mean, generally, I would like our allies to be partners with this on these projects. And I would like their capital because that's what makes it better. And look, you know what Churchill said, right? The worst, you know, let me phrase it exactly. It's terrible to work with your allies in a war except when you don't work with your allies in a war. You know what I mean?

1:05:54And you got to get the allies involved, even though they're pains in the asses, right? He said it better than me. I'm paraphrasing, but you get my point. So I think it's more, again, that's an example to me of what we said earlier in this podcast about that the administration has some very good ideas on this stuff. There's a lot of people out there, a lot of little contributions out there. They're going to want to block them and slow this thing down that are very short -sighted. If I said to you, here is an AI, it pops up like a hologram. It's one part de -amendous. It's one part David, one part salim, and it can teach the kid about exponential organizations and longevity and AI, and it actually interfaces with the kid where the kid can talk to it, and it's helping the kid with its grammar and its spelling, and it's forcing the kid to think.

1:06:43So remember, you don't want the AI to make the kid cognitively atrophied. You want to have the AI give the kid a lot of you know intellectual crossword puzzles So the kid is ginned up and you're telling me the teachers union is like, you know that is the best thing we can do for our children Mm -hmm. I'm gonna take a step back and let that happen Yeah, is that our country? Is that our society? Well, by the way that is what's happening in the Emirates Emirates is going You know with AI first across the board making chat GPT available for free to all the citizens I think the outcome, by the way, of those delegations to the Middle East were to block China from coming into the Middle East and making investments there.

1:07:24Because I guarantee you, the Kingdom of Saudi Arabia and the Emirates want to be just behind the US in AI as infrastructure and their buying capacity, their buying chips, their buying investments and partnerships with the magnificent 7, 8, or 9, whatever they're going to be. So that's pretty extraordinary. Yeah, I think the Churchill analogy that Anthony just made is perfect too, because the other thing the Emirates can do and Saudi can do is they can act fast and unilaterally. And a lot of these areas we can't move quickly and they can and they have a trillion dollars of capital, they can throw it, anything we might need.

1:08:03So I don't think they want to see China run away with AI either. So we have that common bond. Let me tell you about something that I think we should all be humbled by and this is mistakes that we make. When we're thinking about our lives and we think linearly and the world's moving the way Celine thinks exponentially and we make these mistakes, I want to take you back to 1999 and we are at the World Trade Organization protests and the blue collar people are up there in Seattle and they're saying you're going to kill us, you're going to knock out all of of our jobs. And all the smug Wall Street types that's not true and lower costs of capital.

1:08:40I got that wrong. We heard every one of those people. And what the thinking was in 1999, let's shine into the WTO. They're a friendly neighbor now. They want our help. They're moving people from the farmland into the urban centers. And they're creating this massive amount of wealth and a burgeoning middle class, which means they're eventually going to embrace. Are you ready? The end of history and democratic capitalism. That's what we thought, guys. And so now it's 25 years later and they did not do any of that. Everybody got that? And doing out of that. Oh, God's. And the amount that's lived close enough to me in Queens, NASA County, to know that we got who gots.

1:09:26And so that's what happened. And so now we're sitting here right now thinking about the next 25 years. and we're gonna get a lot wrong guys. We have to be humbled by life. We have to be humbled by the fallibility of our decision making and the fallibility of our expectations because we're bi... You wanna talk about software? Celine brought up a good idea. He said, Constitution software. He wanted something that hasn't gotten a software upgrade. You, me, no software upgrade, 100 ,000 years. The phone went from iPhone one to 16 on its way to 17, but not you. You're walking around with a cave stick in your hand.

1:10:03And our mindset is the soft rock grade that we need. I want to turn, we have, I want to turn this. That's my point. We have to talk to people like this. To see we're going to make some mistakes. We got China wrong in 2019, 1999. We're going to get things wrong. We're going to be sitting here, I mean, I won't be here unless he gives me the right stem cells. He saves all the stem cells from cell fellows. That's why he looks so good. The amand is okay. Eventually. Anyway, well, I don't want to lose mooch because I'm 150. I don't want to lose mooch Let's send mooch some exes on so he stays alive By the way kudos to the state of kudos to the state of Florida the just I'm gonna give you in this one kudos to the state of Florida that just passed legislation allowing for stem cell treatments Finally, we're gonna be right down there and get some but the amount is towards these things You know what he's like, okay, but I'm just saying 50 years of now when he's here and I'm long gone We're gonna look back and say well we made some mistakes come down to fountain life buddy I will guarantee we've got I don't know if I can say this we have a we have the president and First Lady of a country coming to visit us tomorrow.

1:11:06That's really I love it. I love it. I love it. There are amazing people. I'm a very vain guy. If you can shrink my middle -aged man boobs I'll go anywhere that you want to send me okay. All right. It's not even about health at this point. It's just about vanity. We're going to one more subject here. I need to get your input on. And that is the whole crypto Bitcoin world. Let's talk about that. How do you see the importance of Bitcoin in America in our strategic reserves? It looks like I talk about the digitization, dematerialization, demonetization, democratization of industries because of this.

1:11:48It looks like the entire banking and finance industry is about to get transformed. Do they know what has hit them? You're in this game and you're playing at it across the board. Talk to me. Well, they know what's hit them. They're absolutely scared shit about it and they've gone to the American Banking Association very strong lobbyists and they're trying to liquidate progress so that they can catch up. Okay, that's what's going on. So like holy shit, circle is going to control. So could you imagine if I can put my Bitcoin at JP Morgan and get yield off it? And there's a structure around it that protects it.

1:12:25Forget it. It's over. Right? And so they know that that's coming. They know Brian's ahead of them. They're going to try to buy Brian, probably buy Circle alongside of Brian. They have to move. But here's the thing I would say to them. Like when they invite me into talk, I say, guys, the phone company, when I was in Europe and I had to make a call, say I was in Italy in 1985. I had to go to the post office, I had to get a card. They gave me 15 minutes for, I don't know, it's like $3 a minute, $45. Talk to my mom. Now I can go to any cafe in Rome, plug into the Wi -Fi, talk to my mom for no dollars.

1:13:01Okay, probably even do a George Jackson FaceTime call, right? And so the phone companies didn't go to zero. They're still here. And what they do is they morph. And so what the banks have to do is provide different services, the banks, see American Express, okay, Scooterys, a very smart guy. He's teamed up with Brian. You get 4 % back in Bitcoin. I love that, I'm not the way. I just wanted to remind you. You knew to do good. So they even got to lose some more of the money on it, but they want your business. Okay, and they have figured out we gotta be in the customer capture and we've gotta offer service.

1:13:37You know, you're getting your Wi -Fi from the phone company or the cable company, some fiber optic company, they didn't go to zero. Well, you got to tell the banks, calm down. There's other services that you can put on the chain, and you can do everything that you want, but you got to move. You got to get out of, you can be a carriage maker and make body by fisher. You can make the inside of the horseless carriage. And you got to think like that, and you got to adapt. We hate adaptation, guys. Okay. I was in the typewriter business. There's been a fund of funds business. I had to make a decision.

1:14:17Am I going to stay in the fund of funds business? The reason why Skybridge got to the 20th birthday is we did 20 iterations at Skybridge. I got out of the typewriter business and moved into the digital assets base to save my business and to save my customers. You're brilliant. You're brilliant. You want to stick in the mud? Stick in the mud. We don't want to stick in the mud. We did a study of Fortune 100 in 2015, scored them against the EXO model, which essentially measures adaptability and agility. And seven years later, the top 10 that followed the attributes of the model of adaptability and agility the most delivered 40 times a shareholder returns of the bottom that it didn't.

1:14:59It's just like crazy numbers. Well, I want to send it to you. That's just so you can send it to me because I want to send it to my staff. But this is why I like Zuckerberg. Because Zuckerberg's like we're gonna call it meta. He thinks we're going into the metaverse But he gets it wrong but he changes the name of the company to meta, but guess what he gets right? We're going AI He's not sitting there You know purchasing power. He's got a 70 billion dollar wallet in his pocket and he's buying as much as he can He's not he's not stuck in the mud that guy. Yeah Are you in suck buddies? Are you are you connected to Zuckerberg?

1:15:33Yeah? No, I don't know. No, I'm just impressed with him. I was in some valley with him at the Allen Company conference, and I remember feeling so insecure. He was like 24 at the time worth like 10 billion. And I was like 44 worth no billion. And now he's only worth like 200 billion. You know, you got to be on the other side. I love that though. Here's the thing. Equal opportunity, surging bring can come in from Eastern Europe, let him make 200 billion. Equal opportunity, not equal outcomes. Not equal outcomes. We've got to help. We're rich enough country to help these people feel like there's some fairness in the society.

1:16:14Do you want to get socialism? Have the people think the society's unfair? Do you question? I should have come out you with a howitzer. Two questions. What percentage of your assets, if you're willing to say, are in Bitcoin and what's your end of the year prediction? Well, I mean, listen, I just got done with AJ telling him this, I have 70 % of my money in Bitcoin. Now that's either I own Bitcoin on my balance sheet, I own Bitcoin on the corporate balance sheet, I own Bitcoin in the funds. So if you look at all the pass -throughs, and you look at my net worth, 70 % of is in Bitcoin. Now it wasn't that, but it did this.

1:16:50Bitcoin is a pizza eater, let me explain that. It starts with a small slice of the pizza and it looks at me. It's like a fucking pack man. It goes like this. That's what's happening to me. So it's not because I'm even buying more of it, right? But it's 70%. And I think if you look at the power law and by the way, I want you to do this. Go to ChadgeEBT or Groc and say I need a sensitivity analysis. if a trillion dollars comes into Bitcoin, and here is the volume and supply over the last five years, and there's some elasticity. It'll trigger some whales to sell, figure out how many whales are gonna get triggered, and figure out what a trillion dollars of buying power does to the asset.

1:17:36Okay, and I think the asset goes, and I'm not exaggerating when I say this, it goes to 500 ,000. That's a 5X number, which would be consistent with the happen to Amazon, on Nvidia, happen at Tesla, when you have purchasing power moving at the end. So 500 in five years, 200 at the end of this year, and a million dollars at the end of 10 years. Yeah. And by the way, but you're going to have some height, you're going to have some hyperinflation. If we don't fix this goddamn thing. And so it could go higher than what I'm saying. I'm talking about 2 % inflation with a smart federal reserve chairman trying to manage this debacle We're in if Trump decapitates the current Fed share and he puts in Mickey Mouse or Johnny Bozo Okay, he's gonna want to do whatever Trump wants Let me not say Mickey Mouse cuz I like Mickey.

1:18:29I didn't mean to disparage Mickey You know, I knew I knew I knew must thought Trump was a dummy the day that he said that Peter Navarro was his dumb as a bag of rocks And then he put out the next tweet he said, I want to apologize to the bag of rocks. I didn't mean to insult the bag of rocks. Because he's still doing it. Navarro and Trump are like this. So that was a way through derivatives, that was a way through differential calculus to tell people before he exploded on Trump that Trump was a jackass. And I love that about Elon because he's a 19 level, 19 dimensional thinker, right? But on this topic, I think it's very, very simple.

1:19:04Okay, you don't want Johnny Bozo running the Fed. But if you got Johnny Bose, I'll run it a fed. It's going to go to $15 million a coin. And that's not going to be good for the society though. A million dollars is it's the next gold and it's a digital asset and we got things under control. We didn't get into it because I know we're running out of time, but you could fix the deficit by the way. It's a totally fixable thing, but it would require about two decades of fiscal discipline. And again, I'm talking about fiscal discipline. is just slowing down a little bit of the governmental growth and getting the economic growth through all the innovation you talk about in your podcast to exceed the governmental growth.

1:19:44Yeah, I think the other way. And you can do it. In 25 years, you'll have the whole thing arrested. And people would be looking around saying, wow, how do we do that? That was great. But you got to have more people in the room that are patient. Hey folks, sleep here. Hope you're enjoying these podcasts. And this one in particular was amazing. If you want to hear more from me or get involved in our EXO ecosystem. On the 23rd of July, we're doing a once a month workshop tickets are $100. We limited to a few people to make sure it's intermittent and proper and we go through the EXO model. What we do there is we basically show you how to take your organization and turn it into one of these hyper growth AI type companies.

1:20:23And we've done this now for 10 years with thousands of companies. Many of these use the model that we have called the exponential organizations model. Peter and I co -authored the second edition a couple of years ago. So it's a hundred bucks, July 23rd. Come along, it's the best hundred dollar you'll spend. Link is below, see you there. There's another way to fix the entire financial debacle in the United States, which is increases people's health span. You enable people to be healthier in extra decade where they're productive. Serving them to process food, because that would serve you if I would say the trillion dollars off of Medicare.

1:20:55For sure, for sure. I mean, I just want Dave to recognize this. I asked for help with my man boobs. He totally disregarded it. He's like, he's not helping his friends. Okay, I need man boob reduction. And he can help me with something. You know, he's got some cocktail there that helps him with man boob reduction. He's not sharing. Yeah, go ahead. I have a question. Did you see this thing with the bonds that have 10 % basis of bond? Bitcoin in it. And it looks to me like a pretty brilliant idea. I wanted to hear a free action on that. Yeah, I mean, I think it's a very, it's a very smart, very clever idea.

1:21:35And that's the stuff that the people in the banking association, the people in the investment banks are very worried about because that's the stuff that's gonna get adopted. And remember, and now kidding now, in 10 years, the 38 year old that likes Bitcoin is going to be more advanced in his career. He's gonna be 48 and that is gonna be a massive plow of Afferation and that provides more evidence what I'm saying because Bitcoin is immutable It's a finite supply of it people trust it and they're gonna use it. Yeah amazing Here's my parting shot so you know we have Moore's Law we have musk's law now you know musk law You know the most dramatic outcome is the one that's gonna happen.

1:22:19Yeah, I like that I like that one. So we need Mootch's law to match that pattern. I'll give you a chance to think about it unless you have it at the top of the map. Well, I mean, I probably have to need more time to think about it. Here's what I would say, though. Here's what I would say. This is my observation about this country. Okay, my 61 -year observation about this country is that the people in this country want to get it right. And what did Lincoln say? Lincoln said the people in this country are way smarter than the average politician thinks. And the exact quote said, you know, Lincoln said that the people in this country have a good nose.

1:22:56They can smell a rotting cadaver in their basement. And it's at a time in American history where we have to change the plot lines of these political parties. And I mean, you can remind people, Lincoln was in a third party. It was in a third party that was established in 1856. The name of the party was the Republican party. You know, really, really appreciate what you've done in terms of being a totally strict shooting candidate, say it like it is person, which is really rare, but also not tied to either party. Like, you know, hanging out on the news and podcast, getting a note. Yeah, well, we got no choice, Dave.

1:23:30We got no choice. So good. So I'm named after somebody that assaulted Normandy Beach. Okay, my uncle assaulted Normandy Beach at the age of 19 and took the cliff and burned out some of those cement pill boxes. So, you know, people said to me, aren't you afraid they're going to come after? I don't give a shit. Okay, if I got an uncle that I'm named after that was willing to do that, I can use my mouth and my brain to explain to people what's going on, even if it puts me at risk. Okay, but I just want to finish this one point. It's very important about Lincoln. The Wigs, he went after them. He said, the abolitionists Wigs joined my new party.

1:24:10And then he went after the Democrats. He said the abolitionists, Democrats, join my new party. And he became the first Republican president of the United States. And he ended the slavery, took us a civil war to do it, but he ended the slavery. And by the way, you know, Buchanan was a jackass. We probably didn't even have the war. Okay. And he was sandwiched between two big jackasses. Buchanan and Johnson. But Lincoln, okay, changed it. he switched the narrative and he tried to clean out of you. He was the stain remover for the stain that was in the Constitution. So don't tell me our history that we can't do this.

1:24:50This is totally doable. Mucci, you are brilliant. Everybody, this is Anthony Scaremucci, extraordinary individual. Anthony, where do we find you? I'm so sure. Talk to us about your podcast. Give us some. I'm at Scaremucci. My younger son took at Mucci. So I'm at Scaramucci on Instagram and Twitter and I have a podcast called The REST's Politics US. It's me and Cadi K. We talk about political situation economics and I have a pet project that I love Which is a podcast called Open Book where I interview people like Peter Diamandis and Hal Brands and different authors Because I'm a big biblial file and I like I like reading and I like talking to authors I just I'm extraordinary impressed by your brilliance every time I chat with you Thank you I just love my country like you and I love the future Okay, you can smell the future the future is so bright You can inhale the future you can smell the future all we got to do is get to the future And we got to get people to calm down stop hating on each other with the ranker of social media Let's get to the future together Dave, Shaleme, Brilliant as always.

1:26:04Thank you. If you could have had a 10 -year head start on the dot -com boom back in the 2000s, would you have taken it? Every week I track the major tech metatrends. These are massive, game -changing shifts that will play out over the decade ahead. From humanoid robotics to AGI, quantum computing, energy breakthroughs and longevity, I cut through the noise and deliver only what matters to our lives and our careers. I send out a Meditren newsletter twice a week as a quick two -minute read over email. It's entirely free. These insights are read by founders, CEOs, and investors behind some of the world's most disruptive companies.

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