Another Assassination Plot? (Ep. 2525)

27:12Zero at all. Although I did dance at my wedding and the guy who owned the place said I was actually pretty good. I know he's lying. I think he just likes the show. I'm going to show you that in a minute. That was kind of a birthday greeting they put out for Secretary Rubio. Contrast that with angry Carville and Mark Warner. I can't believe it's an electric car. I'm stealing an election. Really? Really? Folks, here's a question. How many brokers does it take to insure your business? Here's the answer because I'm in business. Too many. If you're like most business owners, that is the answer. Way too many.

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28:56Thanks, SuperShore. Great tool. Check it out. Compare and contrast. Was Marco Rubio's birthday, was it yesterday, fellas? He's a little bit older than me. This is how crazy. I didn't even know he's a couple years old. He looks amazing. I thought he was my age. He's a little older. I think he was 55 or something. But the Department of State, one of Marco's 15 different jobs in the administration, Marco Rubio's probably going to be running probably the post office next because he's so good at all this. This is the Trump administration and the messaging they put out versus Jim Carver. We effing hate your guts, man.

29:30Give me some Botox because I wrinkled up my face screaming at President Trump, telling him for the 10th time how much we hate him. Here's the other message. Check this out.

29:42Justin's dancing. He's got like the body rocking thing going on in there. Justin's a little younger. That's the messaging coming out of White House. We live in a great country. Have some fun with it. I know there was some people I said, oh, you know, Department of State, Trump administration shouldn't be putting this stuff. Oh, stop being such stiffs, man. It's fun. It's fun. I get it. Thank God we got people like Rubio and Vice President Vance and Pete in there now. Don't sleep on Pete, by the way. I've said this a couple of times. For a significant role in 2028. I don't know what that may be.

30:17He could be a VP selection for someone. You know, I think he's doing a bang up job. And I promise you, I say that as objectively as possible, not just because we've had a working relationship and a friendly relationship at Fox and elsewhere. Now, again, compare that with these absolute zeros and their snapshots and soundbites. You've got this like free spirit, like kind of relatable, natural, totally authentic guy in Rubio. And then you've got Talafrico with his napkin using barbecue eating buffoonery. Again, I think of like the icons of Texas history, Bowie, Houston, all of them. And then you get Talafrico who can't even eat a piece of barbecue meat.

31:01Oh my gosh, I may get some barbecue residue on my head. I don't want those heterocyclic amines from the barbecue to get on my food. Why don't you just eat the freaking barbecue, bro? Stick the barbecue in your mouth. Get your hands dirty. Someone will give you a wipey later. Wuss. Here's Talafrico on the phenomenon that many of you are going to be confused by. Justin was like, is that a thing? Apparently it is a thing. How it's going to roll in Texas? Texas. I don't know. Talafrico apparently is very concerned about men and abortions. You mean men like donating to it? No, no, men having abortions.

31:43Now, if you're confused, you're like, men can have abortions? No, they can't. However, this is a big issue for Talafrico. a male abortion. Don't listen to me. Listen to Tala Frico in Texas. Check this out. I want to acknowledge that our trans community needs abortion care too. Defending trans Texas is something we have to do every day. No, they don't. No, dudes don't need abortion. Matter of fact, no one should be getting an abortion. You don't want to wipe out a human life, okay? Forget that fact. Men cannot have abortions. Do we even have to say this? I hate to say that I got to wait time on this on the Dan Bongino show.

32:21If you are a dude, you cannot get pregnant. Therefore, terminating the life in the womb is not a possibility because there will be no life in a womb you don't have. Now, here's an interview I saw Talafrico doing with this female activist. Some of you get the joke, right? Talafrico doing with a female activist. And she's apparently into all this trans stuff and how men can have unit. I mean, men can have vaginas, women can have units and stuff like that. I was totally unaware that that's a thing because it's not. But this is a really fascinating interview, a little bit of a blast from the past.

32:56I need you to check this out to see the insanity of all of this. Check this out. Women have penises, right? Some men have vaginas. That's not how gender works. How do we know that that's not true? Where do we learn that from? Yeah, well, I learned that from hearing from transgender people who've said, like, oh, I'm a trans woman. And just because I happen to have a penis, right, that doesn't mean that this is, like, who I am as a person. Or that genitalia doesn't equal gender. Who they are, their gender, their gender expression. That, yeah, a trans woman is a woman. With the fluidity of these things, how do I know if I'm a woman?

33:39You know, I... That's a great question. I like scented candles. Yeah. I've watched Sex and the City. Yeah. Yeah. So how do I know? Yeah, Matt, that question right there, like, that question is, like, when it's asked with a lot of curiosity, right, that's the beginning of a lot of people's, like, gender identity development journeys.

34:06I'm glad you guys caught on to that. I was a little worried. Like, they're going to be like, What do you mean? Of course, that's not Talafrico. That is the great Matt Walsh from his fascinating and amazing movie. What is a woman? I played that because Matt, who's a conservative commentator, is obviously being sarcastic and the woman doesn't catch on because they're so living in a bubble. The reason I played is that is for this place, Matt, and put Talafrico's face on. Those would be serious questions. How do I know I'm not? Matt's being funny. Telefrico is not. He's really telling you that men can have abortions.

34:43And he thinks that's going to roll in Texas.

34:51Folks, compare and contrast again. The insanity going on with Carville, Botox face, screaming and yelling, bomb threats, death threats, threats against the Trump family, Iranian messaging all over He shouldn't bomb Iran He shouldn't engage in negotiations with Iran Iran's great Foamy finger number one Iran We love the malocracy I've never seen a party So like consumed with eating dog food There's nothing I can't tell you a single thing they're offering you Other than like we're going to steal your property Through socialism That's it They don't have a message on anything And to kind of Boys have a penis This girl's half a vagina.

35:34Is that from kindergarten, Cobb? Bam, that's way before your time, Justin. Good call on that one. The boy knows it from kindergarten, Cobb. That kid is what, five? I don't even know I'm getting terrible at judging age ever since my kids got older. That was a skit in a movie that probably wouldn't get past the DEI people in Hollywood. You can't say that. You know what they do? they'll boycott the kid he's fine they'll be like no no boycott his family destroy their business for acting in the movie compare that with the dubs the w's being racked up by the trump administration because folks yeah that we you know it's friday shows a little lighter today uh not lighter on content but you know it's i want you all to laugh a little bit but it's not funny it's none of this is funny like we could lose our country to the idiocracy the barbecue eating Tala Frico, Botox, Carville.

36:28Like we could lose the country, these people. It's a very real possibility. Contrast that with the Trump administration, which for all the BS about Donald Trump, Orange, Bad, Bad, all this other stuff, the guy just continues to rack up W's. Continues to rack up W's. We found out there was massive government fraud going on. What does he do? He thinks it's so important. He says, Vice President Vance, get on it. J.D. Vance is on it not even 30 days and they're into like the hundreds of federal indictments and billions of dollars saved i had worked with this gentleman at the department of justice not that it matters but he's a very very good competent solid attorney colin mcdonald's the assistant attorney general working with vice president vance and all this he was on fox yesterday which is some staggering numbers contrast this with the democrat we effing hate you they don't have anything other than like Like women can have a penis.

37:20Like that's their thing. And we don't know how to eat barbecue. Check this out. Really the worst of the worst kind of conduct that we encounter, which is people who prey on the elderly, the sick and the needy. They take their money, but they also steal their identities. They steal their personal information to make it appear as though those sick and needy and elderly are in fact their patients. And then they bill the taxpayer for services that they do not render to those patients. It's very egregious conduct. These are not paperwork crimes that we're after. These are crimes that affect our communities, that affect the most vulnerable among us.

38:02And that's what we are devoted more now than ever before to solving and to stamping out. Folks, Colin is excellent at what he does. But I brought this clip up for a reason, not just because of the obvious point about the W's the Trump administration continues to rack up. They're doing things. Forget the nothing is happening, losers. They just got smoked. Forget them. Nobody's paying attention to them. I mean, we notice everything kind of calmed down after that, too, now that the foreign money's dried up. Do you notice that? You online? Tell me in the chat. Did you not notice it? I told you it wasn't up.

38:36Do you notice every the temperature's gone down like 30 degrees right now? Fahrenheit or Celsius, it doesn't even matter. Because now the foreign money dried up. That's what's going on. It was always an ob. Colin brings up an amazing point. Folks, you know when people in politics, they say this a lot, and it's a cliche, and they don't even mean it. They'll say something like, well, that should be bipartisan, and they don't really mean it. Government fraud, no matter where you are on the ideological political spectrum, the AOC versus Jim Jordan and Ted Cruz total opposites correct why would you not be interested in arresting people who stole taxpayer money I I really this I don't understand I like to think I understand a lot or I wouldn't have a podcast in politics I genuinely don't understand how even like the AOC crowd, they don't run on this saying, hey, government can be, I'm not telling you this is true.

39:37I'm just telling you this could be their message. You know, government's such a positive externality forcing all these great things happen. You didn't build that government built it, whatever. But people stealing from government is not a good thing. Just like people stealing from a charity. We want it to go to people who are actually in need. How is this not a bipartisan message. They can't do it. And the reason they can't do it, I just explained it to myself as neurons started firing in the suprachiasmatic nucleus as the light flows into my retina here. I'm telling you why they won't do it. They won't do it because they are afraid that the scale and scope of government fraud is so bad that people will never trust government to do anything in the future, even things they think are net goods.

40:23That's why. The scale of this is like nothing you've ever seen. It's like a charity that doesn't only have a fraud problem, you find out is 90 % fraud. That's why they want to hide this. And yes, good point, Justin Mace. Justin's point is sound. You know what it is? Because Trump did it. I promise you, if Joe Biden did this, they'd be highlighting it. If Barack Obama, forget it. Barack Obama, they'd be carving him into Mount Rushmore right now. It's like the anti-fraud president. It would be amazing. But you're right. Donald Trump does it. So show your ass theory. They got to hate it. All right.

41:01It is Friday. We had an interesting interview with Dr. Mike yesterday. You know, I love my Maha moments. This is a huge portion of our movement. I'm so proud of the fact, by the way, that the Democrats were not smart enough to catch on to this flourishing component of MAGA, the subcomponent of MAGA, which is the Make America Healthy Again movement. Folks, this is long overdue. The era of like sit on your ass and eat rice cakes, upside down food pyramids, stupid advice from the government. Hey, eat your rice cakes or whatever. That is over, over. And a powerful growing portion of this movement as we start to coalesce around the midterm is this Maha Make America Healthy Again movement.

41:41Because it applies to everyone. You know why? Because everyone is a one who has a body and a system and doesn't want to die. Because the golden rule of the Dan Bongino show is please don't get dead. You don't want to get dead. Because getting dead is final. One of the guests we had on the show about this, the health hacks, is a fantastic Dr. Rhonda Patrick. She was talking about the dangers of body fat. Yeah, yeah, you don't want to be overweight. Yeah, but did you ever say to yourself why? It's not just the physics of it that eats up your joints. It makes your heart have to, you know, support extra weight you don't need.

42:17Folks, fat in your body, visceral fat does things. It's biologically active. And they're really bad. Not good. That's why obesity and these old school Democrats. Remember, Justin? Everyone in the show is in really good shape. Remember in the back? They were like, body positivity. No, no. There's nothing positive about that. You're going to die. And this show is not going to bullshit you. Don't tell me you don't have time. I'm in a bullshit. I don't have time. I'm sorry. I'm 51 with bad arthritis. I'm still busting my ass in a gym. You want to find time and not die, you'll find it. Here's Dr. Ronda talking about how bad this visceral fat is.

42:53Get rid of it. Stat. Check this out.

43:01So that is a big consequence of having this visceral fat in addition to those inflammatory molecules that are being generated from this fat. It's just so metabolically active. And that inflammation that you're generating not only does things like raise your cancer risk by 44%, it also makes you tired. It gives you brain fog, lethargy. When your immune system is being activated by this inflammation, you're taking energy away from your brain. It's a lot of energy to activate your immune system. Yeah, so that energy is now going to the wrong place. It's not going to your brain. So you won't feel cognitively as sharp?

43:40Absolutely won't. Just think about when you have an infection. Your immune system is very active. You're fighting off a pathogen, right? Do you feel like you're tired or do you feel like you're cognitively at your peak? Yeah, I'm out of action for several days usually. Right. You're tired and your brain isn't working. And part of that reason is because your activation of your immune system is sucking energy away from your brain. And the other reason is because the inflammation being generated gets into the brain and disrupts neurotransmitters and things like that. So it's like a double whammy.

44:10Your brain isn't working properly. And so there's a lot of people walking around constantly feeling tired, feeling lethargic, feeling brain fog. And they might have a high amount of visceral fat and not even know it. Listen, man, I'm just telling you because I care about you. Again, I know it's not a popular thing to say, but this body positivity thing is not a thing, okay? It's going to kill you. It's going to kill you. You've got all of these different pharmaceuticals out there. You got to do it. I know some people in the chat are getting pissed off at me. That's okay. Someone said, Dan, I've been listening to you as a P1.

44:47How is it that you've been 51 for 15 years? I don't know. It's crazy. I've defied the chronological age. I've been old forever. You're right. I am always complaining about age and getting old and falling apart. I'm just trying to help and I'm going to do the right thing if it encourages one person to say I've had enough of this I'm going to get back in shape then I'm doing it because I need you around because I need you to not get dead there's another clip I saw yesterday too and please please don't go anywhere you know I'm probably going to get to it a little bit early you know what I think I'm going to get to it let me do my Democrats and then I'll do the spot we'll save that clip about the quantum stuff maybe too heavy right now anyway please I'm asking you as a favor I don't care about the views, the clicks, none of that.

45:32I'm telling you as a friend, this next interview with Peter St. Andre on AI and where it's going to go, a lot of the gloom and doom, you will get a lot less nervous after this interview. As a matter of fact, some of you may have a smile on your face. This is going to be an explosion of economic growth. I have to play this, though, for you because it is Friday. Producer Jim always puts together for us a nice, relaxing moment at the end of the week. We call it Democrat Zen, where you get one of these nice, peaceful Democrats talking about how wonderful the world is going to be in their Pollyanna-ish, utopian view of tomorrow.

46:06This will put you at ease. Get ready to meditate. Get like you're smelling salts and your smoking jacket out. Get ready to go. Thank you, Producer Jim, for this Democrat Zen moment. Language warning. Yes. Thank you, Justin. Language alert. Your Democrat Zen moment of the day. A peaceful moment to center your mind. Stupid fuck. Fuck off. Fuck off. Fuck off. Fuck off. Fuck. This has been Democrat Zen. Thank you, ma 'am. We needed that on a Friday. And, you know, the Democrats complain about my language sometimes. I'm sorry. You know, I grew up in Queens. And in Queens, I know it sounds crazy, especially to folks who live in, like, the Bible Belt and elsewhere.

46:51and I'm not telling you it's right, but curse words in New York City are not like considered curse words. I know that sounds crazy. I told you the first time I realized like the F-bomb was a really horrendous thing. You're gonna laugh. I moved to Maryland. I was at a house party and I slipped one in on accident and the whole party like stopped. Did he just say that? It was like this middle-class neighborhood in Severna Park I lived in. Everybody was stung. Okay, I'm gonna get to this interview. Take a quick break. I'm gonna get to this interview a little early. Please check it out. It is really worth your time.

47:19We're going to clip it up to send it around, spread it to your friends, because I hate doomers and gloomers and everyone's going to die. I don't need that in my life. I'm sorry. I'm getting too old for that shit. As the listener said, I've been 51 for the last 15 years. Hey, criminals, they exploit weak systems. I know that because I've seen it firsthand throughout my career in law enforcement. That's why I'm proactive about my own privacy. I'm like really proactive about my own privacy. I've had a lot of problems. I don't wait for something bad to happen. I took control early. I use Delete Me.

47:48you should too. It's never been easier to find personal information online. For anyone, folks, it is way too easy. Your home address, your phone number, even your family's names, your kids' names can be exposed and they have real world consequences. Today, a lot of bad actors are using this data to target public servants, businesses, and everyday people just for their opinions. You've seen all the doxing going on. With Delete Me, you can protect your personal or business privacy from doxing before sensitive information is exploited. Before. It's critical to take action. Do it today. Delete.me makes it really easy.

48:23Take control of your data and keep your private life private by signing up for Delete.me. Now with a special discount for our listeners. Get 20 % off your Delete Me plan when you go to joindeliteme.com slash Bongino and use promo code Bongino at checkout. The only way to get 20 % off is to go to joindeliteme.com slash Bongino and enter code Bongino at checkout. That's joindeliteme.com slash Bongino. Code Bongino.

49:01Man, am I excited. I feel like I know this gentleman already. I cover his clips all the time. Professor Peter St. Ange's website is prof, P-R-O-F, short for professor, S-T-O-N-G-E.com. Prof St. Ange, P-R-O-F, S-T-O-N-G-E on Twitter X. I strongly recommend you check it out for your economic advice of the day. Sir, welcome to the show. So good to have you. Thank you for having me on. Yeah, I feel like we know each other. I played so many of your clips. You just have such a really good balanced perspective on everything. So I think the biggest question economically the average American has right now is obviously artificial intelligence.

49:43Where is it going? Is this the dot-com era? Is it a new industrial revolution? Is it like nuclear power? However, the ROI on it, the return on investment, there's trillions and trillions of dollars being spent. Some of these companies are clearly not going to see that future financial benefit materialize. But the technology is so profound in its scale and scope that I'm not sure the doomsday predictions of the dot-com era part two are accurate. What's your thoughts on that? Yeah, it's funny. So I think you and I are the age where, you know, dot-com came in when we were young. And the assumption at the time was that that was like a once in a lifetime, maybe a once in a millennium invention, the Internet.

50:29And I think what's been shocking is that in many ways, AI is much bigger. I mean, like 5x, arguably 10x. If you look at things like dominance of VC capital, if you're a venture capitalist right now, there's almost nothing but AI. It's much more dominant than it was during dot com. The amounts invested, again, there's something like 8x what was invested. Inflation adjusted. What was inflation during dot com? During dot com, it was, you know, fiber optics. It was infrastructure. It was servers. When you look at the scale of these hyperscalers of the data centers, this is much bigger in terms of money, in terms of a sort of VC bandwidth.

51:11And then the other side of it is, of course, the revenue. And their AI is interesting because the revenue case is much, much stronger than it was for dot-com. So during dot-com, I remember Paul Krugman made fun of the internet. He said, you know, we're going to run out of things to say. That's right. I don't think we're there yet. There was an analyst who, you know, they said, I don't get Yahoo. You know, it's like opening a storefront and giving everybody a free glass of water so they can watch ads. I don't care how you make money off that. like when you really boil out the sort of use case in the first five, 10 years of the internet, it was pretty weak.

51:50You know, it was Google guiding your searches, putting display ads up. It was display ads all over the place, Amazon.com. That was pretty much it, right? The rest of it, like Reddit, it was just people goofing around. There's very little money to be made. Now, if you compare that to AI, I mean, there we're talking like 100x. The monetization is so clear in AI. So Goldman Sachs, for example, they've run experiments where, you know, they used to have a whole team of quarter million dollar analysts on, you know, IPO paperwork, and now they can do it in like 15 minutes with Claude, and they just need one guy to go through and make sure it didn't do anything stupid.

52:27You're seeing across the board like 10x reductions in cost. That, of course, means that companies are willing to pay up to 9x worth of tokens. So I think, you know, you see complaints on, for example, Zero Hedge. I love Zero Hedge, but you would lose money listening to them. They, you know, they want to poo-poo everything, every trend. And, you know, they've been talking a lot about the circular, how the vendors are financing. So during dotcom, I worked in a telecoms company, Harris Corporation. We did vendor financing. That's how the world works. Welcome to reality. I think if you look at the underlying economics of AI, they are so much stronger than dot-com that honestly, is it a bubble?

53:10Without a doubt, it's a bubble. You can look at NVIDIA. You can look at Broadcom at their stock price. The question is, does it have longer to run? I think it's got a lot longer to run. I think so, too. We're talking to Peter Sainandj. If you're listening on Apple or Spotify, please check him out on X. I highly, highly recommend it. You will be far smarter. One of the reasons I think the comparison is bunk between the dot-com era and even the industrial revolution and the electrification of the economy is, sir, think about it. When you had a coal-generating electrical plant early on, imagine the CapEx to build out the electrical lines, the CapEx on the consumer end to electrify your entire home and build out the wires so it didn't burn down.

53:55Now, you're seeing similar capex expenditure on the production side with the labs pouring trillions, meta and others pouring trillions into it. But the implementation, you don't have to rewire your house. If you're running whatever, dogtoys.com, you don't have to pay a web developer$10 ,000 for a website. All you've got to do is go on ChatGPT or Google Gemini. It's almost essentially free to you. So I don't even buy the comparisons. I think that's why your optimistic tone, I agree with you, like this is not the dot-com era where you've got to move an entire consumer market from in-person consumption to online.

54:35You just basically give them the website and let them implement it in their own HVAC business with an HVAC agent. And you make a great point, which is that I think the key on AI that's getting lost is that it is a massively democratizing technology, right? So a single person can build literally a billion dollar business. There was a guy who he built a business using AI to compete with HIMSS for GLP One Drugs. $1.8 billion. One dude. He didn't even need contractors. He just fed it all into Claude and then he checked it over for mistakes. It is massively democratizing not only in economic opportunity, but especially in jobs.

55:16The story of AI is a massive blue-collar boom. If the Industrial Revolution was Revenge of the Nerds, where physical labor got devalued and then cognitive intellectual labor took over the world, AI is the exact opposite. AI commoditizes that specialist information. if you've got a robot with AI in it from Tesla, for example, and it's folding your laundry, well, guess what? It can also do brain surgery. So AI massively devalues the nerds. It's revenge of the shop class. You're already seeing that, for example, PricewaterhouseCoopers, they're estimating 4.7 million construction jobs in data center construction.

55:57These are electricians. They're doing the infrastructure. They're doing the racks, the servers themselves. They're building the things. This is what gets lost in it because the AI doom porn, how all the jobs are going to vanish. Those are written by journalists who are losing their jobs to AI. They're written by professors who are being replaced by AI. Analysts who work at think tanks who are being replaced by AI. The tiny portion of the economy that is going to get gutted by AI are these specific people who are writing the doom porn. If you zoom out, AI is massive for the rest of the economy, for the other 80 percent, especially for the blue collars, who, by the way, their jobs are going to Americans now because of mass deportations.

56:41You know, the messaging component is tough with this because you're dealing with a tidal wave of foreign money. You're dealing with a bunch of foreign governments that want to see us lose the AI fight. It's been tough. However, to give a balanced perspective on it, I just say one last point on the upside. The democratization of this technology. Can you imagine how many, I mentioned this idea yesterday. Unfortunately, I had to deal with cancer. Thank the Lord. I'm done with it now. But when you see a nine-year-old with leukemia and MD Anderson wheeled in with a cannula and a food tube in at the end of his life, the minute AI comes out with a breakthrough that can save these lives, Peter, I'm telling you, it's going to change.

57:19It's going to be really hard to argue against that. I think that alone is going to change the doom poor narrative. That is a fantastic point. If you look at the actual wins on AI so far, we've got much better weather models. This is important for farming, for scheduling, transportation, things like that. But the biggest single win, and again, this is, I don't see this anywhere. Protein folding by AI, DeepMind, that won the 2024 Chemistry Nobel. bell. Okay, this is not something weird and fringe. Protein folding tells you how genes can, or how drugs interact with the body because they tell you sort of the missing link between the genes and the actual effect in the body.

58:04They're absolutely massive. They're a holy grail. That is the single biggest contribution. That alone is bigger than the internet managed in its first 10 years. We're already looking at drug development is compressed. So, you know, what used to take years identifying targets is now taking months, estimates that drug development is going to compress from 10 or 15 years to five or seven. The number of lives being saved like that, right? So again, there's this narrative from the doom corners that, you know, chat GPT is about sociology students cheating on their essays. No, this is going to be absolutely tremendous.

58:39It's possible that we could even go after aging itself. I think there are going to be the impact ultimately of AI, I think it's going to be on the order of electricity. It's going to be absolutely massive. Yeah, I couldn't agree with you more. On the downside component is we are dealing with a massive messaging machine. What I love about your X channel, again, it's at prof, short for Professor St. Ange, S-T-O-N-G-E. Check that out. It's in the background if you're watching on video. There is a heavy doom porn business out there from people. I believe a lot of it's foreign when you trace some of the money.

59:11Kevin O 'Leary, Mr. Wonderful, has done some exposes on this with a data center he's conducting at, he's constructing out there in Utah. He's an investor in. I think we are going to have to deal with the old kind of, you know, this class warfare battle that's been ginned up by the socialists against us from the beginning of time. And the wealth creation from this, I agree with you, is going to be on par with, and I think, supersede electricity. There are going to be trillionaires, and a lot of them are not a possibility are a guarantee. The messaging component is going to be tough. What I love about your X channels, you never fall for these bullshit stories.

59:48You know, you'll tell the story, but it's a real thing we're going to have to deal with, whether it's whether it's an unparalleled legacy of philanthropy where a bunch of these trillionaires pledged to give away a lot of their wealth. We are going to have to deal with this because we've been dealing with it basically unsuccessfully since the beginning of time, as you can see, because Bernie Sanders, his message unbelievably still resonates. Yeah, well, Elizabeth Warren, for example, she just came out with this screed. It's a coordinated attack by a number of Democrats where they want to tax AI.

1:00:17And their point is that we tax workers, we have all these burdens that we place on workers and we don't place them on AI. Now, I agree with her, right? Yeah, no, we should get rid of payroll tax. We should get rid of the income tax without a doubt. But yes, the left is going to make hay on this. If you look at opinion surveys, most Americans are hostile to AI. That's especially the case for young people. Above all, for college students, there was a speaker at UCF a couple weeks ago who got booed off stage for saying nice things about AI. And some of that is misunderstanding on the jobs. If you sort of zoom out on it, a house painter in the United States, which is industrialized, makes 10 times more, I'm sorry, 20 times more,$200 a day, 20 times more than they make in India.

1:01:07Why? Because India is only half industrialized, right? What people don't understand, thousands of years of technological innovation, there's been a concern forever. The ancient Greeks worried that oxen were going to replace men. We'd have too many men. We'd have to start wars to get rid of them. All right. Technological unemployment is not new. It's very, very old. And what happens every time is some people take a step down on an escalator. Okay. They end up much, much higher. Okay. So when a house painter in America, who was victimized by automation, we are a high automation society. They're relatively at the bottom of the ladder, but they're making 20 times what they would have made before the industrial revolution.

1:01:44So that's what we're going to get out on the other end of it. So in the long run, it's fine. The problem is you got a bunch of people in the middle. You got a bunch of people who've got crappy degrees. They've got useless degrees. Roughly half of degrees are, you know, English majors, sociology majors. They end up working at Goldman Sachs because they have generally high IQ and Goldman finds something to do with them. But those people, those generalists are absolutely going to get socked. You know, you've got probably 20 million admin jobs inside of large organizations doing medical bill processing.

1:02:14Those people are going to be wiped out. They're going to be very upset about it. They are going to take a step down on the escalator. Eventually, the escalator comes up. But, you know, if somebody's starving right now or, you know, anyway, trying to make bills meet and you tell them, oh, no, no, it's going to be fine in 10 years. That's a trick. So absolutely. You know, the biggest goal there is that government gets proactively out of the way. If you've got a small business, hiring somebody should be like ordering something on Amazon. Right. Today, anybody who runs a business, there is so much, you know, compliance, regulation, so much you have to jump through.

1:02:47Get rid of all that. remove the friction. We've got that a bit with the, what do they call it, the gig economy, right? So DoorDash, TaskRabbit. We have sort of the basics of it, and that is spreading really fast, but that's the solution. That's gonna be very, very easy to hire people. Beyond that, people worry about the energy usage of data centers. Trump recently required that AI companies have to build their own generation. It's a very, very good idea. The water thing is BS. AI uses almost no water. There was one of the guys from the All In podcast had a tweet. He said, F almonds, because almonds use like 100 times more water.

1:03:28That's fake news. But yeah, but right. The areas where AI is actually impacting people, data centers have to learn how to bribe local towns. If a data center comes into some small towns and says, look, we're going to give you so much money, you're not going to have to pay any property taxes. Okay, that changes the equation. And so they got to get more proactive about that. And absolutely, the rest of us have to be prepared that just as the Industrial Revolution, they are going to be coming at it with everything they got. And, you know, this this generation of younger kids is, you know, and I find it a little distasteful when you see a lot of people out there.

1:04:05They're always like crapping on. Yeah, we were all like that. I mean, everybody thought they knew everything at 20, you know, and then you've turned 40. You realize how little you knew at 20. But it's part of the journey is to like fall on your face and dust off. But they are this is more of a kind of bohemian generation that, you know, they like to travel. They like their free time. You brought something up. It wasn't an intended question. I want to move on to the macro economy, but you brought up something fascinating. AI and mixing and matching and the ability of these this super intelligence to go and find a needle in a haystack in an employment market.

1:04:37You know, these younger folks with their skill sets could possibly go out in this massive gig economy and forget about like Uber and DoorDash. They could just, like you said, TaskRabbit or whatever. Say they've got some experience, whatever it may be. They have an HVAC business and they want to go fact check, you know, AI HVAC answers on questions. They're going to be able to do that. Pick a job for maybe two or three weeks. Make themselves 50K. Go off to Paris or Europe. Come back. I mean, really, this has the potential. I don't believe in utopian fallacies, but this has a really, really big potential to give them everything they want.

1:05:15Their cake can eat it, too. I think you describe it perfectly. That is exactly what's going to happen. You know, it will take you about 40 minutes on YouTube right now to learn how to repair a screen. OK, it's a big issue in Florida, right? Take you 40 minutes and then you can hang a shingle. You can go out, go on TaskRabbit. You can do that right now, right? When people talk about where the job's coming from, they're all around. Two-thirds of Americans mow their own lawn. There's an unlimited number of jobs out there. There's pet sitting. There's taking care of older people, keeping them company.

1:05:46There's an unlimited number of jobs. That's exactly what's going to happen. If the incomes go up 20x, people are going to work for a couple months. This already happens in a lot of industries. People in oil rigs or on fishing boats, they work two, three months, and then they chill out the rest of the year. It's not that bad compared to the soul-crushing cubicle jobs that the vast majority of people have today. Right. It's like you can't make both arguments at the same time. Like, we don't want to be Henry Ford assembly line workers, widget here, widget here, widget here. And then you get the opportunity to apply your specific skill set to a global economy online connected by AI.

1:06:21One of those arguments doesn't work. I'm really sorry. But you had a great video on your X account. Again, it's prof, P-R-O-F-S-T-O-N-G-E. I strongly recommend you follow the account. You were talking about how in the macro picture, how all the doomsday predictions about the hostilities over in Iran, we're going to have stagflation back to the Carter era. In other words, stagnation and inflation at the same time, all Phillips curve kind of nonsense stuff. That didn't happen. Yeah, there's been some oil disruptions, no doubt. I'm sure the president recognizes that. It's not a politically popular decision, I believe, a necessary one.

1:06:56But the national security component aside, that did not happen. The S &P is doing fine. The Nasdaq is doing great. GDP growth has been better than I think expected. The jobs numbers are doing pretty well. We're not only not in stagflation, we're not stagnant. And although inflation is not great, it's nowhere near we were in the Biden era. Yeah, no, I absolutely agree. In fact, before the war started, truflation, you know, whenever you talk about government numbers. People complain, ah, they're pulling them out of their hats. Truflation does real-time. They scrape like 1.3 million numbers. 0.7 % we were running on inflation before the war.

1:07:33Now, since the war, of course, energy came up. Yes, everybody knows this. Everybody expected that. But the point is, if you look at what happened last oil shock, right? So in the 1970s, stocks ultimately fell by half. Gold doubled. Bonds held up fine. It has been a completely different economy this time. Gold is down 50 % annualized. Gold got a tiny little bump from the war and then just crashed. Stocks have been on fire. So they're up something like 10 % on the S &P in whatever, three months in. So that's 40, 50 % annualized. And I think there's two reasons for that. So on the stocks, the economy has completely changed since the 1970s.

1:08:12Between half and two thirds of the economy is tech. About one fifth is stuff that you drop on your foot. So industrials manufacturing. Now, big reason for that is because we gave manufacturing away from China. China stole it. Yes. But Congress had a lot to do with that. So we lost a lot of the stuff that is oil sensitive. And what we've replaced that with is tech. And by the way, the entire world, including China, is very envious of our tech industry. However, that means that the stock market does most of it does not care what happens in Iran. Right. Whatever's left is health care. That doesn't care about Iran.

1:08:45It has very little impact on the gold. I think that's a little bit more concerning, which is that the, you know, normally when you have a war, you have the safe haven move into gold and also into bonds. But in this war, bonds are down annualized 20 percent. Gold is down annualized 40 percent or 50 percent. I think what's happening there is that reality doesn't matter anymore. The question is the Fed. All the market looks at really ever since Alan Greenspan is what the Fed's going to do. Is the Fed going to bail us out? Right. That's why during COVID, we had a like a world ending catastrophe. And yet everything went up like every single asset class soared during COVID.

1:09:22And the reason is because the Fed is ready, right? It's communicated to the markets that anytime anything bad happens, we're gonna shoot a bazooka full of money at it. The issue this time is that when you combine that with oil prices, the fear is that the Fed's actually gonna panic, they're gonna slash. And then that is what's dominating gold. It's also what's dominating bonds. So the healthy part is that we're not as exposed to oil as we used to be. Plus, we have a whole bunch of it. Right. The 70s, we didn't have any oil, but we needed it. Now we have plenty of oil. We're exporting it to the whole world and we don't really need it.

1:09:53The concerning part is what's going on with the Fed. Well, one concerning part of our macro economy for me, which I know I'm watching your videos concerns you as well, is the exploding amount of government debt. It's not a new problem, But I don't know if you know, unlike, you know, Canada, which had this wake up moment decades ago, even the United States, which has had it at times, there doesn't seem to be even a mild concern. I mean, it doesn't even come up. No one even talks about the national debt anymore. The optimistic case is that this AI electrification industrial revolution is going to grow productivity, that it's going to make the household debt called the United States irrelevant.

1:10:34I'm not necessarily that much of an optimist on it, given the amount of accumulating debt. However, I am concerned that we're in a race against time against the bond market. You know, the Clinton era, Clinton was always afraid of the bond vigilantes. They were afraid the bond market was going to disappear with Fannie and Freddie and all that. But if people stop lending us money, the government has to pay people, its employees, contractors. It has to pay Social Security. If people stop lending its money, it has to print it. I'm very concerned that we're in a race against time. And this bond market one day just might wake up and say that we're done and then we're screwed.

1:11:12Yeah, we've already seen that happen in some other countries, Japan and the UK. The UK, a couple of years ago, their bond markets blew up. The government basically had to retreat and promise to never, ever again cut taxes. I think that we are very much in that danger. Now, when you look historically what happens at that point, if the bond vigilantes lose patience, meaning that bond investors are they don't want to buy all the debt that the government is creating because they say, well, we're not sure you guys are going to pay it back. So historically, when you get to that kind of bond crisis or what you're starting to see in these other countries, especially in Japan, is that the central bank steps in.

1:11:50And you get much closer to a world where the central bank is literally printing the budget deficit. it. Now, the problem with that is that once Congress gets a hold of an unlimited credit card, what do you think they're going to do next? And that goes to your point about the growth. Right. So we had the perfect storm when Trump came into office in 24, which is that we had Doge. We had Trump, who is instinctively hostile to the federal government. He thinks the vast majority is a waste of time. We had Doge, which had a lot of fire from the Republican base. it amounted to nothing, at which point they switched over to, well, OK, forget cutting spending.

1:12:26Maybe that'll never happen, but we're going to grow the economy. So Scott Bessent, for example, said, you know, the trick at this point is that we get the economy to outrun the debt. Now, I encourage that as a political project because it helps push through reforms like deregulation and tax cuts and investment promotion that do grow the economy. So I think it's fighting the good fight. But the issue is, again, going back to Congress, even if in theory they manage, you know, they got the AI and the investment, they do everything right. Even if they get the economy growing six or eight or 10 percent, I guarantee you Congress is going to spend twice that.

1:13:01OK, every everything you give Congress, they will take that and take double. So you put that together with a Congress that has an unlimited appetite and then a central bank that, you know, you're seeing this trend worldwide that the central bank steps in whatever the bond markets blow up. It goes in and just buys the debt itself. Well, that's called monetization. That is converting the debt directly into inflation. So I think that that's how this ends. It's not that the system necessarily collapses on bond markets. I mean, it does initially, but that then gets gets converted into inflation. At that point, you have a problem where you've got a K-shaped economy where you got all the rich people.

1:13:36They've you know, they've got NVIDIA stock. Their their portfolio is going up two, three, four times. And they got all these people in the bottom who are financing the whole thing, largely because of these government deficits, they're the ones who are getting the inflation. So we've been seeing that since COVID. I think that that's going to accelerate that even more than, you know, the water use and the almonds on AI. I think that's getting a lot of people upset. We're already seeing that, right? We're seeing all these democratic socialists who are making hay off the fact that prices have gone up so much.

1:14:04It happened under Biden, but you know, normal people, God bless them. They have jobs, they have real lives. They don't pay attention to this stuff. You know, I got to run, but you brought up such a fantastic point. I've really tried to drill into the skull of people on the fence out there politically, that this never ending government welfare state of socialism, where they endlessly print money, eventually results in the K-shaped economy, where super wealthy people who have assets, you can't inflate away the asset. Matter of fact, inflation sometimes works for them. They may have tips, bonds, their house may triple in value.

1:14:36Their house isn't going anywhere. They've got a$10 million mansion that on paper is worth 30. It's the same freaking mansion. But if you're living in a housing project and you can't afford to buy bread, you're starving to death. That's what socialism always does. It screws over the little guy. It's not the oligarchs that lose out. I'm so glad you brought that up. I've got to run, but what just an unbelievable thrill to have you on. I've been following you forever. I feel like I know you, please give him a follow on X. P-R-O-F, short for professor, S-T-O-N-G-E. Website's the same, profsaint, S-T-O-N-G-E.com.

1:15:11I really hope you come back. Your X account is really been a source of great material. Thanks so much for your time. Thank you for having me on. You got it, folks. I'm telling you, I feel like I already know him. If you watch my show and you're a P1, he's like a regular member of your household by now. His economic takes are just incredible no bs nice balance approach to everything no talking points i love that i hope that conversation about ai spread that to your kids and spread that last message about socialism too quickest way to make poor people poorer is socialism and rich people wealthier socialism that's the irony of the whole thing don't forget every day download the rumble app join us at 10 a.m also you get vince and haley at 8 a.m and noon respectively you can check us out on the Rumble app or on the web.

1:15:58It is all free, rumble.com slash Bongino. Just click that follow button while you're there. We'd really appreciate it. You could also check us out on your TV. If you have a smart TV, most of you do. Just go to the apps thing, download the Rumble app. You can watch the show every day on your TV, free, on demand, live. Join us in the chat. We'd love to have you. I will see you back here on Monday. Hey there, I'm Vince. I'm Haley Caradia. Host of Vince. Host of Scrolling with Haley. You can always catch my show right here. Right here on the Bongino Report. Live, 8 a.m. Eastern weekday mornings. Weekdays at noon.

1:16:30If you miss it, no worries. The show will always be right here and anywhere you find a podcast. Thanks for watching.