A Nuclear Saudi Arabia, Kash Patel Goes To Russia, and More!

[00:00:07]Well dog, we are live. Welcome one more edition of the reality check with the one and only Marlon Williams and yours truly Marlin. How you doing today, my dear brother?

[00:00:20]>> Oh man, I couldn't be better. I got air conditioning.

[00:00:25]That's all it takes right now man.

[00:00:27]That's all it takes.

[00:00:30]The air conditioner is working and uh you know >> you know today it is going to be 104 degrees in Houston, Texas.

[00:00:42]>> The actual not the not the >> not not feel like >> they call it the heat effect or whatever they call it.

[00:00:50]>> Not not the heat index. I mean it's going to be >> man >> 104. And by the way, I think we may have a slight delay, Marlon, from what you're hearing me. So, you know, um, we probably have to mitigate that.

[00:01:03]>> No worries. No worries. Like I said, no stress. That's my motto. So, we'll hopefully get this technology working.

[00:01:12]So, why don't we do this then? Why don't we uh go ahead and kick things off and um, you know, hopefully the grim gremlins will will get out of the way and let us do what we got to do. What do you say?

[00:01:50]All right. All right, folks. Uh, I I guess I'm going to quit complaining because it is not going to be 104 degrees in my neck of the woods today, but it is still hot. Uh, I checked uh this morning and I think it was something, you know, it was already in the 80s at um, you know, 7:30, 8:00 this morning and they say that, you know, it it's going to feel like 100 degrees. But in order to experience that, you got to go outside. And I'm not I'm not going outside. So, there's that.

[00:02:29]Well, Mr. Willies, uh, looks like we've got a lot going on today.

[00:02:35]>> I don't know about you, but I don't think >> you seem to be freezing up, Edberto.

[00:02:44]Yeah, I don't know whose internet is kind of acting up, but I have a feeling it may be yours, but I'm not sure >> really. I uh I think your internet is having some problems.

[00:02:58]>> H >> Can you hear me at all?

[00:03:01]>> Yes. Yeah, I hear you fine. You're just a little bit delayed.

[00:03:05]>> Uh I'm going to I'm going to come and then come back out again, but I think it's Can you hear me at all or not? Not Not at all. I hear you just fine.

[00:03:14]>> You're loud and clear. And now he's gone. While he's um addressing the issue and uh maybe folks uh in the Substack chat room can can kind of give us an idea of um you know which which side of this conversation is uh is delayed. But uh lot going on. Um, in the last couple of days, we've had some some Senate hearings that uh I don't know if we if we know anything that, you know, nothing unexpected happened, but uh it's uh I think pretty revealing in terms of, you know, a couple of things. Number one, how Democrats approach the, you know, team Trump, the folks that they send in, you know, between Pete Hegathth and some of the others. Um, not much has changed, but I think you're starting to see, especially with people like John Oaf, uh, or Assaf, I should say, um, really just given a a clinic on how you have to address, um, oh, you know, these guys that are still unwilling to say who won the election and, you know, just that kind of nonsense. So, it is um in my view just something to keep an eye on. And looks like Mr. Willis is back.

[00:04:40]>> Okay, sir.

[00:04:42]>> Yes, I am back. But I, you know, when I'm listening to you, I still hear you coming in and out, in and out. I don't know if that's me or you.

[00:04:51]>> So, uh, you know what?

[00:04:52]>> Actually what I'm going to do in the interim Yeah.

[00:04:55]>> Okay. No, go ahead. Go right ahead.

[00:04:58]>> Yeah. So, what I'm going to do in the interim for now is I'm going to let's let's let's go through another channel as well and I am going to bring you up on my cell phone and see if we get the same behavior or not, which means it could be something else. You know me, I like to kind of figure things.

[00:05:16]>> Well, you are an engineer.

[00:05:18]>> Let's do >> I'm learning about you engineers now.

[00:05:21]I'm doing it on the phone as well.

[00:05:25]Well, >> you know, I am I am surrounded by tell you we >> you know we just >> Okay, let me see if I am in again. Right.

[00:05:42]>> Oh man, that's a whole different Yeah, you you're >> in a different view.

[00:05:47]>> Let me this one up and see which one is going to go.

[00:05:52]>> Okay.

[00:05:52]>> All right. I got rid of that one and I'm here now. Let's just see if this is any better.

[00:05:58]>> It I will tell you this, it sounds better to me.

[00:06:03]Now, I don't know. Um, folks, just uh FYI, you this is uh you're you're kind of getting a behind the scenes of of what we do before we do one of these live streams. And um you know, keyword live. So, I always hear people talk about live television. And I guess this is uh the the equivalent.

[00:06:24]>> Yes, it is. Yes, it is.

[00:06:26]>> Okay. I mean, so, so, uh, I was just saying while you were out that, uh, we've had in the last couple of days some, um, some Senate hearings that I thought were pretty revealing about, you know, it it's just amazing to me, man, these guys that are just they get up in front in front of the Senate and they won't say who won the 2020 election. I mean, there's a there's a term that I'm not going to use here for men who don't have no more spine that they >> I think you can use it.

[00:07:05]>> No, I'm not going to use it's just I don't understand it. And maybe I'm from some era that is, you know, out of fashion, but there is just nobody unless they got my kids and my wife Nobody's going to make me get up on, you know, you know, this stuff is on C-SPAN.

[00:07:27]It's global. People are watching and you go to act like you're just not really going to say who who won a dang election. I mean, really, I think it's nuts. Okay. I think it's utter nuts that folks can't grow a spine. You know what we really want to say? Grow a what? and that they just can't admit what's really going on. It's shameful.

[00:07:54]>> Well, um I will tell you, oh my, we lost them again. So, I think we've we've arrived at where the pro where the problem is. But um you know just to kind of finish out the thought I think um it at least in my case um Egberto the word I was going to use is worse than cojones.

[00:08:18]So um >> you just said the same thing in Spanish dude.

[00:08:21]>> Well no I mean it's a it's a different word. It just so it's just I'll tell you what it starts with a P. These guys, you know, they just are the weakest men I have ever I just can't I can't believe all of them are like this.

[00:08:36]>> No matter who it is, >> no matter how how tough they look and all this [ __ ] they try to put on and then they get up in there in front of you and it's like like the the Clayton guy >> that's, you know, he's supposedly a better deal than Pte. Mhm.

[00:08:57]>> And and he's like, I'm not going to get involved in the theater. Like, dude, well, what did you come up here for? I mean, you're not going to answer questions.

[00:09:10]>> I don't get it.

[00:09:14]>> So, you you kind of cut out there for a second. You know what I think is going on, Eggberto? You're in Texas, man.

[00:09:21]You're in Texas. and the infrastructure.

[00:09:24]We know we know how it is and we know how hot it is there today. And I I'll bet y'all gonna have rolling blackouts and all kind of stuff. So maybe it's affecting the internet too.

[00:09:39]>> I don't know. Maybe it's affecting the internet because uh it is it is sort of crazy what what is really going on and it's something that I think uh I don't know Marlin but you know I I tell you something that I want to talk about because I was um watching uh lawyer crump today on that thing with the kid that I that died right >> Nolan Wells >> Nolan Wells and the thing about it is they said something that should hit everybody home.

[00:10:05]There was this this black kid and and three of his white friends or whatever go out to an island and they leave the island without him, but they have his cell phone >> and it's >> and the sheriff just goes out there and says there is no foul play.

[00:10:22]These guys erase all their cell their social media information, etc. And before any investigation or whatever, they say no foul play.

[00:10:35]I am sorry, >> man.

[00:10:38]I'm telling you, if if something like that happened, I'm I'm I don't know. But I know this much, how in the world are you going to make a call like that? No.

[00:10:50]No op uh autopsy been done. No investigation has been done. I caught just a little bit of uh what Attorney Crump was saying in that in that press conference. And from what I could tell, they uh you know, they had some diagrams that appeared to show some sort of, you know, trauma to the back of his head.

[00:11:13]>> To the back of his head. Yeah.

[00:11:14]>> Right. And then, you know, they can't uh, you know, I don't think the autopsy they did was like what happens in the police where, you know, they actually, you know, go in and look and all that kind of stuff, >> right? But there's something that happened. And the guy washed up with all his clothes on. So it's not like he went for a swim.

[00:11:35]>> Exactly.

[00:11:36]>> Okay. And I I just got to tell you, you mentioned, you know, them having his cell phone. I I think also they had his car keys.

[00:11:46]>> Exactly. They did.

[00:11:47]>> Right. And and I, you know, and there have been so many different angles and reports, but I believe so. They had his phone, but they I thought originally that, you know, they should they come back and they take the phone to the mom. No, that's not what happened. I guess she had some sort of, you know, like the equivalent of like on Apple they have the find my, you know, where you can see where your friends are and all that, >> right?

[00:12:13]>> And that's how they found the phone.

[00:12:16]>> That's amazing.

[00:12:17]>> They didn't and they denied having it at first, I think. So >> Oh, I didn't know that part really.

[00:12:22]Yeah, they had to I think maybe that's the keys I'm talking about, but they just didn't they have acted suspiciously from the word go and I think one of the boys mother is a judge or something like that. So I can this is just my take on it. I can imagine that, you know, something happens, they get home and, you know, the legal person steps in and says, "Okay, clean up your social." They even ar uh they even deleted some stuff off of his phone.

[00:12:56]>> The thing about it is, >> I mean, it is so stupid because all of that stuff can be recovered. Of course it can.

[00:13:04]>> You know, and the thing about it is whether Trump is going to be able to have the the the crump the the the authority to do that or not, but all of that is recoverable.

[00:13:15]>> Well, it appears that I mean he's he's representing them. So, I would assume even if he can't get the content of the conversations, he should be able to access the text records. But here's the problem and as I see it and I I I don't know how right I would be or not. But since they're not since the cops came out right out and said um they are not suspects or this is just a drowning or an accident. It seems to me like that may be over that they that you know how can they get discovery on this information if these are just private citizens and the cop says they don't have anything to do with it. I don't know I that that is >> you know I'll tell you one thing that they could do is file a civil suit.

[00:14:10]>> Now that's the case. Yeah. file a civil suit and then you know that direction but the police are going to have to answer for a lot because the original story was we don't know where he is. He was talking to a girl >> and we just I don't know what kind of friends he's supposed to be man that he's sort of there. I mean, think about it, man. You go out and it's >> to an island, >> three or four people really to an island and you're just gonna leave this guy and how was he supposed to get back to, you know, back home? Swim cuz it I think this island is what, maybe five or 10 miles out or something like that.

[00:14:50]>> Yeah. Off the offshore. Yeah.

[00:14:53]>> So, I mean, it's the the story has never made sense ever.

[00:14:57]>> No, I don't think so. you know, um Marlon, I want to um I not we haven't had any I don't think I've seen any internet problem.

[00:15:09]>> Yep. You spoke.

[00:15:10]>> We're on at the same time. I want to do a a comeback in to see if there was a because I Let me just tell you what happened. I just installed new cameras in um >> you know, you got to be >> with the work that we do.

[00:15:26]>> Yeah. And after you get a certain amount of threats and that sort of thing, right?

[00:15:30]>> Oh man, >> you know what you need to do.

[00:15:33]>> Okay. Yeah.

[00:15:34]>> Right. So, >> I'm sorry. I'm sorry to hear that.

[00:15:38]>> What I just want to say is that I want to see if because I had to put a new network in and this is what I'm working with.

[00:15:46]>> Got it.

[00:15:47]>> And since I have you on thing, I'm saying, you know, let's see if that was a cleanup or not. Okay, I'm back in.

[00:15:58]>> Can you see me now?

[00:15:59]>> Yes, I do. I see you're fine.

[00:16:02]>> All right, let's see how long if this is going to work. I'm going to get out of the other one for now and with the expectation that all of this continues to work.

[00:16:11]>> Okay, look at that.

[00:16:13]>> Look at that.

[00:16:14]>> It's really nice having an engineer as a co-host, folks. I gotta tell you, >> let me tell you, >> I wish I wish we were sitting in the same room so you could address my problems, too. Let me tell you what we do folks. You know what I tell people all of the times, right? Because I don't uh I in in the days when I used to play the stock market, uh Marlin, >> in those days, >> uh I can tell you that my performance was like um let me see how I can put this nicely, terrible.

[00:16:47]I don't think I ever officially made money on my own. Right. So, um I think >> What do you mean? How did you make money then?

[00:16:58]>> I didn't make money doing stocks. I didn't >> Okay.

[00:17:02]>> I, you know, I was making a lot of money doing engineering. I, you know, I had a software company and I threw a lot of money. Hey, let me give you the my biggest boooo. I saw AOL mer the AOL merger. Oh, I just looked at it and it's going to be great. I'm a technology guy and it's going to be marvelous. I put a lot of money in AOL and lost half of it.

[00:17:22]>> Man, that's I I wish I had known you then because I wish you had You're talking about AOL Time Warner.

[00:17:31]>> Remember when they had the merger?

[00:17:32]>> Oh, I I I can't um Yeah, I certainly remember it. And not the least um of which because it's it was the worst merger of all time until there's something recently that I I wrote about.

[00:17:47]I can't even remember the company now, but yeah, it's it's widely considered one of the worst mergers of all time.

[00:17:55]And you you sort of get into the whole idea of well valuation, right? And I I think I might have raised that issue uh in conjunction with the SpaceX IPO which you know we could talk about just a little bit. So that IPO happened what maybe a month month and a half ago.

[00:18:16]Right.

[00:18:18]>> Okay. And get I I actually have a draft of an article queued up right now. Um and hopefully I'll get it out if sometime this week. I've learned not to make promises on when I'm gonna finish writing stuff because things happen and you have to, you know, rewrite. But the thing is, >> um, that IPO is almost halfed in terms of price from the high that came right after, you know, the first couple of days. And now I haven't looked at it today, but earlier this week, um, it was below the pri, you know, the price that it was trading >> was below the IPO price.

[00:19:03]>> Look, um, Marlon, I'm no expert at all.

[00:19:06]I leave that up to you as far as the stocks are concerned. But I knew enough about SpaceX to know that even the valuation that it has at as as an IPO made absolutely no sense.

[00:19:21]>> None whatsoever.

[00:19:23]>> Well, >> and it was >> it made sense for Elon Musk. I mean, >> but again, it was a you know, you know, I get into the wealth transfer argument a whole lot >> and that was just another way of take look, we changed the laws to fit this guy. We changed the laws that after 15 days uh the the indexes have had to buy the stock. We changed the laws. I mean all these things that were changed to go ahead and have this guy pocket other people's money.

[00:19:52]>> You know, you know what, man? I I um am not as um well, I won't say it doesn't bother me.

[00:20:02]I certainly, you know, I obviously notice it, >> but uh including SpaceX and the and I don't even think this is the first time that the indices have, you know, sort of made an exception or changed because these aren't laws. These are just their policies. Okay. So, not the same thing exactly. Uh also, uh let's just say SpaceX Space X gets into the S&P 500.

[00:20:31]Well, it's going to have a waiting out of the 500 other stocks. So, it's not going to be overly. So, your exposure isn't going to just be like, "Oh, SpaceX is in here and suddenly I'm going to lose all my money."

[00:20:43]>> Well, that's So, but I'm not saying it's not worth noting. To me, the thing that is just uh and it's and it's coming is this. Um I don't think the average person understands with an IPO there's this you know there's a process right >> and so there are two things number one the the number of shares while it seemed like a big number >> wasn't I think it was maybe 30% of the company something like that >> so there was that the other giveaway to me was that uh was the amount of shares in the IPO that were allocated to retail.

[00:21:30]>> Yeah, it was high actually. That was high.

[00:21:33]>> It was very high.

[00:21:34]>> That was high. Yeah.

[00:21:35]>> And I was like, okay, I see the So there, you know, under the guise of trying to work with Main Street and including Main Street. It's like, you know, sometimes you don't want to be included. And now here's what's getting ready to happen. SpaceX um I think October I mean uh August 2nd I think >> they can dump the stock.

[00:22:00]>> Well, it's here's the thing pe So when a when a company goes public the insiders the people that invested early you know that that were invested in SpaceX already. So, we're talking about um um venture capitalists, right? And you know, early and SpaceX has been a company for like 12 years.

[00:22:23]>> Yeah. Yeah.

[00:22:24]>> Okay. So, you got all these people that have put money into SpaceX and when the company goes public, that's where they cash out and you know, and they realize the profit on the bet that they've made. Nothing wrong with that.

[00:22:40]But folks should know there's like a a billion shares that are getting ready potentially to hit the market next month when all it's called a lockup.

[00:22:53]>> They don't allow those people to sell when the IPO happens because then it'll crush the market. So now look, it it almost looks like a pump a classic pump and dump. It is a >> where the stock took off all these people buying >> and and now they're stuck if they didn't sell >> already >> expert Marlin I am not the expert but I saw it as a pump and got the valuation number one >> no it's a crazy valuation >> it's crazy it made absolutely no sense so I mean um and and when Yeah.

[00:23:36]>> Are you there?

[00:23:37]>> When I say something like uh if you take a look at >> what is really happening, right? If you take a look and say, well, the money out of the mouth of other people, I think that's a legitimate statement, don't you?

[00:23:51]>> Yeah. Yeah. I mean, look, nobody's making people buy space.

[00:23:57]>> Did you not hear me?

[00:23:58]>> Yes, I heard you. Um, I I just >> Okay.

[00:24:02]>> Are you Are you uh is the man trying to silence you?

[00:24:12]>> I believe what Eggberto was saying is that, you know, look, here's the deal with SpaceX.

[00:24:19]It's a public company. Nobody's making anybody buy the shares. But you have a segment of America that is just and and we've really done this to ourselves where we have made um oh you know CEOs and rich people and billionaires into oh you know superstars. We've created, you know, a celebrity class that is uh built around people who are rich. And so I have written about Elon Musk a couple of times and every time I criticize the guy, I mean it is a deluge of folks who are telling me I must be getting paid to criticize him and all this kind of stuff. So anyway, uh, Eggberto, could you repeat what you were just saying a second ago? You asked me a question, >> right? What I was saying is that I think I I I think in in the long run, we have to be agreed that this is nothing. This whole system is just a manner in which we're taking money out of the mouths of other people. We're transferring from the from the from the not the those who don't know much about this stuff and passing it on to those who know. And and it's it's all deliberate. I mean, I I know you're a stock guy and all of that.

[00:25:46]I understand that, but the the method the method the method >> How do you How would you How would you suggest we do it differently?

[00:25:55]>> I don't know. That's not my job to know how to do it differently.

[00:25:58]>> Here's my my counterargument. You go to the store, you buy groceries, there's a transfer out of your pocket to the people whose stuff you bought, >> right?

[00:26:08]>> This is no different. I mean, there's nobody putting a gun to people's head saying you got to own some of this SpaceX, right? And so to me, it's a function of uh being informed and that's you, you know, you got to make a decision not on >> because you think Elon Musk is cool, >> right? And that's what we do. You know, that's why we have conversations.

[00:26:34]>> Okay, let's hear it.

[00:26:35]>> I think you gave me the answer. The answer is I will continue to promote what I need to promote which is simply folks do not buy do not buy stocks.

[00:26:47]>> Never.

[00:26:48]>> I I can give you some empirical data to support your argument.

[00:26:53]>> You are talking to a person who was in finance for 30 years plus >> who ran a trading desk, a stock trading desk, right?

[00:27:04]>> Equities, right?

[00:27:06]I own zero shares of stock.

[00:27:10]Okay. I mean, >> there you go.

[00:27:12]>> Now, I'm an older person, so my risk profile is different than my daughters.

[00:27:20]I would, you know, so it's all about how much risk you can afford to take, right?

[00:27:27]People need to understand there's no guarantee that you buy a stock and it goes up. There is no guarantee that you're going to get a dividend. So you can throw $1,000 at, you know, name the company SpaceX.

[00:27:42]I if it was me, if I were forced to buy that stock, I would buy it and I would never look at it again and just kind of hope for it would be money that I could afford, you know, like going to Vegas or something. Um, there's probably a good chance that companies I I'm actually working on, you know, one of these deep dive reports that I, you know, I've started doing that stuff again. And um, next on my list or close to the top, I've been sketching out my little editorial calendar of what I'm going to work on. And you know my thesis about SpaceX is it's too big to fail because I mean the government has has made a tremendous bet giving all this you know just think about all there was a situation back when the Ukraine uh you know Russia first invaded Ukraine and SpaceX well it's not SpaceX what's the what's the internet company with the satellites and stuff that >> oh you're talking about um I'm going I'm going tell you in a minute. Um, but keep on I'm going tell you in a minute.

[00:28:49]>> So, so basically he uh Musk was giving internet access to Ukraine and they started getting into a certain area, you know, trying to take back some some of their some of their land and and he cut them off.

[00:29:10]>> I remember that >> he cut them off.

[00:29:13]>> Think about that, man.

[00:29:16]Starling, thank you. I I mean, he literally how does the Pentagon allow allow a guy to have that much control to where he can affect military strategy?

[00:29:31]>> Look, you know, um that that is the the thing that I find difficult, right? Anything that all of us depend on 100% and cannot be it cannot be at the whims of somebody. I don't think it should be in the hands of folks like Mus. I don't think it should be in in private hands.

[00:29:56]And you just >> I agree with you. Right. This is something that should be a ut this should be all of this should be NASA.

[00:30:04]>> Yes.

[00:30:05]>> Okay. But you again you've got and this is probably you know I'm not absolving Democrats necessarily but um historically Republicans have been the ones that are all for you know privatization and the private sector running stuff. So they want I mean think about it man in a to me in a logical world the internet should be something the government runs.

[00:30:37]I mean why do we have all these people you know [ __ ] around with the internet where I mean because it's a utility.

[00:30:45]>> Hey >> and you know it's a utility.

[00:30:48]>> I wrote you ever heard of common dreams >> about what? Oh yeah. Yeah.

[00:30:53]>> Oh okay. I wrote a paper at common dream. I'm looking it up right now. Um that pointed out, you remember when we were talking about net neutrality and that sort of stuff?

[00:31:03]>> Oh, yeah. Yeah.

[00:31:04]>> Pretty much made that argument. Okay.

[00:31:06]And uh and the paper did pretty well. It the title of it was called, "Is net neutrality really necessary?" You're damn right. And you know it I'm going to put that in in in the chat that that that's at Common Dreams. I wrote that years ago with with a another guy at Move to Amend when when when this was really in vogue, you know, >> and and and I think you nailed it.

[00:31:29]Something like the internet shouldn't be under private uh control. Things that you cannot really shop around, you know.

[00:31:36]You remember when you you break your leg or something, you don't have the time to say, "Is this hospital cheaper? Is this doctor cheaper? I'm getting a heart attack." Okay, honey. Shop around for the best price to give me a stent.

[00:31:50]Really? Don't we have a coupon?

[00:31:53]I mean, it's stupid. You know, I'm old enough that I can actually remember when hospitals were not owned by venture capital companies, right? And of course, I mean, you just look at the evolution of the let's just >> the internet, you know, and and technology. I mean essentially what has happened in the last what 20 25 years is that we have created a class of just obscenely wealthy individuals and what has made them rich is [ __ ] that the government basically handed them you know >> it's crazy man >> you know you know what is so interesting let me tell you what is so interesting when I hear you talk like that and you're you're my perfect template to to hear that story and to to even tell me that I'm on the right track, right?

[00:32:54]>> Because um you are in the financial markets and you know how it runs. And when I hear somebody like a Morland says, "I ain't got no stocks or >> no if I were going to buy anything, I mean it would not be stocks." And I always a lot of times I'll get people that that will approach me and say, you know, what stock should I be buying? I said, dude, put it in a mutual fund and just leave it alone. I mean, if you do something like that, >> Marlin, what is interesting, right, is that um when you honestly take a look at how the stock market works, right?

[00:33:33]>> Mhm.

[00:33:33]>> And forget about everything that they say. It's no different than a casino.

[00:33:39]casino has parameters in counting cards and all of that that you can kind of beat the odds and and you know but when you have stocks and you talk about IBIDA the IBIDA rating of the stock and based on XYZ and the future value and you don't know any of that you're gambling you know none of that you know when they talk about what's the potential of Space X well I don't know but there's one thing I know that we SpaceX you said been exist distance for 12 years or so.

[00:34:10]I remember the Apollo program started in 1961 and we were on the moon by 69. We had men walking on the moon. So we created a space environment for human beings to exist. We created a propulsion system that was never invented or there before.

[00:34:30]All that was done under government control for for under 10 years. Marlin.

[00:34:36]>> Yeah. And we're big.

[00:34:37]>> I mean that was the goal right said like in this decade we're going to get >> a small on computers that this pad Marlin this pad is more than a thousand times more than 10,000 times more powerful than what we use to get Saturn 5 out to the moon. Okay.

[00:34:59]>> And these guys >> with slide rules and stuff. Right.

[00:35:02]>> Right. And now we have Elon Musk and the the the the lamestream media, not mainstream lamestream media. Oh, look at what Musk has done. He got a spaceship to land on a barge. Wow, Marlon.

[00:35:21]>> I worked for NASA.

[00:35:22]>> We were doing all this. He he is doing this stuff with prettier computers and he still hasn't gotten to the place where we got to with Saturn 5, Sky Lab, Space Lab, and all these other things.

[00:35:38]And he gets kudos and the government gets slapped on. Oh, the government can't do anything right. No, the government does a lot right. We went to the moon. We had Skylabap. We have the space station still up there, >> dude. Soy use and all that stuff.

[00:35:54]>> Yes.

[00:35:55]So I am sorry. Um one of the problems that we are so we are so behind in the way we think is the media the look at what the media does you know. I mean like like like Musk and what's the other guy's name that that's Amazon. Um >> oh Bezos. Jeff Bezos. Oh, these guys have substandard technology that they get to fly and suddenly the media goes crazy about it.

[00:36:25]That's the thing, man. I can remember back in the day, um, you know, when when I got in the financial business, and I'm I'm glad that I did. I learned a lot.

[00:36:37]But the whole reason that I I was essentially recruited >> Mhm.

[00:36:45]>> in a in sort of a informal way. I had a neighbor that um you know I had a little sales job and I was making a little bit of money. Not much but I you know how it is. Y out of college man if you can just afford to like go to the movies every week you really think you're making money right? And this guy uh was my neighbor and he is the the person who got me into that business. But the there was like a gold rush because you know things had the regulatory world had not caught up with what was happening in the markets and essentially it started with mortgages.

[00:37:26]We financialized everything. it was mortgages, then it was credit cards, then you know and it just on and on and on, right? And so >> I think the there is a perception I don't agree with it that Wall Street, you know, knows what they're doing.

[00:37:49]>> Yeah.

[00:37:49]>> A lot a lot of times, man, guys are just in there. When I got to New York, you know, and the whole advent of electronic trading and stuff, right, >> they were hiring physics and uh guys, you know, like PhDs in physics and engineers >> to create all these models, >> various Exactly. And >> I mean, some of it worked, some of it didn't. I mean, it's literally Frankenstein kind of stuff, you Let me let me tell you a little secret because you know I used to go to Starbucks. I used to write my shows in Starbucks, write my books at Starbucks, all of that. And I remember this guy was there every day just like some people wondered what the hell I was doing there every day. Other folks were there every day.

[00:38:38]And I remember what learning from this guy what this guy had Marlin was a computer. Ollie came to Starbucks with a computer and he sat there and he sat there all day and when you turn around and look you just saw all these charts and lines as far as how it goes, right?

[00:38:58]>> So, you know, I go and I said, "So, what do you do, man? I'm seeing He says, "I uh there's a thing that you guys call it um all he looks is the lines and >> Elliot wave progression, >> right?

[00:39:11]>> Fibonacci progression." Yeah.

[00:39:13]>> All that kind of stuff, right? Mhm.

[00:39:15]>> And I'm looking at him and I says, "Wait a minute. Does that have anything to do with the different companies, etc." He said, "Oh, no, no. We just >> monitor the lines."

[00:39:25]>> No.

[00:39:26]>> And I said, >> "That's BS. That's pattern matching."

[00:39:30]>> When I when I ran a trading desk, >> Yeah.

[00:39:33]>> I my desk was um I guess the the best description would be it was a high frequency trading desk. That that was the So what does that mean? It >> I had the pipes to get to the market, you know, just a a a nancond before, >> right?

[00:39:54]>> You know, me sitting at home on Robin Hood, >> right?

[00:39:58]>> Okay. And it's you're not really well, it's just like the difference in my daughter's little Hyundai um you know uh car and a a Ferrari. It's not illegal to own a Ferrari, but her little car ain't gonna keep up with a Ferrari. So, I had that high-speed connectivity that let me, you know, and it affects price if you can just sort of cut in front of everybody else because you're faster.

[00:40:26]Um, I didn't pay any attention whatsoever to research, but there are a lot of different philosophies of how you, you know, you got uh Warren Buffett and then you got on the opposite end. I my desk was what you'd call a quantitative trading desk where guys are looking at signals in the market, you know, however they they form their own models internally or whatever. But back in the day, like in the 80s, there was a guy that came into the little place where I was working and he like you, this guy had uh this drafting paper and he unrolls it and hangs it up on the on the whiteboard and it's going back 50 years looking at market trends and and they use >> um you know Fibonacci progression >> which is a bigger kind of thing. I mean, you see it in nature, you know, that's the nautilus shape and all of that stuff.

[00:41:24]>> Oh, yeah.

[00:41:25]>> That's what they use and it's it's right as much as anything else. A lot of times it can be somewhat predictive, but that just lets you know in the scheme of things, it's not always about the companies.

[00:41:40]>> I mean, I in effect when I said it's gambling, right? I mean, the model works until it doesn't work, right?

[00:41:46]>> Yeah.

[00:41:47]it it work in other words that uh think about the crash that had to occur from the model when we went from regular companies to companies that were merely websites which means it had a lot of upv value but no assets right >> listen man uh that now you're talking about around 2001 2000 right in there yes >> uh you know that was that was when I got to Wall Street I got there just in time for the internet bubble to burst. And I knew people that had everything in, you know, all Red Hat, Pex.com, you know, all the different companies that have gone to the, you know, the dust bin of history, as they say, >> or the graveyard of history.

[00:42:36]>> Dude, it was so ridiculous. Here I am, a guy sitting on a trading desk. I'm just getting to New York.

[00:42:45]I didn't know what the hell I was doing because I had pro I had primarily been a bond guy, but I got hired to be a stock guy.

[00:42:57]>> And you know, there's story behind it, but um I understood that market, but I'm getting calls on the trading desk from companies wanting to go public and they're calling me.

[00:43:10]I I'm not I don't know anything. So that's how the mania was so ridiculous that it was literally companies that were nothing more than a business plan.

[00:43:22]Mhm.

[00:43:23]>> an idea like one I'll never forget one guy some person calls me you know just whoever picked up the phone I don't think they were really calling me and this was their business or their business idea was that they were going to wire buildings for internet and they had projected they're going to make billions and billions of dollars right they're going to just >> Why did Did you call me then, Marlin? I used to wire people's office with uh with Hey, maybe it was you. I don't know.

[00:44:00]>> No, it wasn't me. I didn't make a penny on that.

[00:44:02]>> Yeah. They were like, "Yeah, we've got this idea. We're gonna, you know, the internet's going to be big and we're going to like, you know, put the infrastructure in buildings and, you know, it was just a okay, how you going to lock that market up, you know?"

[00:44:18]So, wait a minute, man. You know what?

[00:44:20]We we've got about 15 minutes left and I think we really you know because I could talk about this stuff all day as I'm sure you know but we got to talk about what is happening in the Middle East because >> okay well you know what I am going to go to even yet another system with us um as we talk about that because while we are talking about this folks let me just tell you I love Marlon so much that he's going to give me the opportunity to debug my network or figure out if my network is the one co that's causing problems, right, Marlin?

[00:44:55]>> Uh, yes. Yes. Whatever you say, sir.

[00:45:00]>> So, no, I just think it's it's really crazy. Uh, last night I get this notification >> that we have entered into some kind of an agreement with Saudi Arabia.

[00:45:13]>> Yes. That is nuclear.

[00:45:17]>> I'm Man, listen.

[00:45:20]I I'm just >> Let me hear it. Let me hear it.

[00:45:24]>> Man, this the crazy [ __ ] ever.

[00:45:28]On one hand, you're worried about uh Iran and you're telling them they can never have a nuclear weapon and then you enter into a deal with um an adversary of Iran that and you're giving them the ability not only to um enrich uranium, >> right?

[00:45:53]>> But we've got some feedback on your side.

[00:45:55]>> Yeah. Let me let me fix this out. Let me get this out of here.

[00:45:59]>> Can you hear me now?

[00:46:00]>> Yes, perfectly. So, >> of course, I can hear you now, but we going to fix that.

[00:46:06]>> Uh, let's see.

[00:46:07]>> We're not only letting these guys have nuclear material.

[00:46:10]>> I I had to keep talking. I I I got to get this working. Keep talking.

[00:46:16]>> Well, the crazy part is that we're not even gonna like inspect them.

[00:46:23]So, I can't imagine how Israel feels about that. I can't imagine how Iran feels about it. So, we're essentially putting another potentially another nuclear player in the Middle East.

[00:46:38]>> Yes, we are. Who the hell thought that was something we should do now?

[00:46:43]>> Probably Trump. Listen, remember Trump is being paid off by those guys.

[00:46:48]Remember that?

[00:46:50]>> Oh, yeah. There's that. remember he he and uh BGM MRB or whatever the the the the the prince of Saudi Arabia. They were good friends.

[00:47:02]>> Salman. Muhammad bin Salman. Yes.

[00:47:04]>> Yeah. Muhammad b. Yeah.

[00:47:07]>> The guy who assassinated Jamal Kasogi.

[00:47:11]Yeah.

[00:47:12]>> Yes.

[00:47:12]>> We're giving him We're gonna let them have nukes because why not?

[00:47:17]I mean I I Dude, I Okay. The only thing crazier than that is also yesterday we learned that Cash Cash Fel's going to Russia for what? I mean, all they got to do is get this guy, give him a couple of beers, and he's going to tell him everything he knows.

[00:47:40]>> Um, you know, this is almost like Comedy Central. Um, Cheryl Elkins says, "Destabilizing the region is the objective, the craziest thing they'll bring about Armageddon." And James says, "It's a big upgrade from bone sauce to nukes."

[00:48:00]>> James, wow, >> James, behave yourself.

[00:48:06]>> So, >> behave yourself.

[00:48:07]>> But, but he's not wrong.

[00:48:10]No, it's you know, but just to Cheryl's comment, um she is not wrong. There is a significant um cohort of people, you know, evangelicals.

[00:48:25]>> Yes.

[00:48:25]>> You know, and I'm not going to say all evangelicals, but >> why do you think it is that you got an evangelical preacher as the ambassador to Israel?

[00:48:36]>> You know the answer, Marlin. Why are you going to play like you don't know the answer?

[00:48:39]>> No, I'm telling you, it's just it's exactly the kind of thing that that was just raised. These people um their their loyalty and affinity to Israel. I mean, there may be some racial kind of thing, too, but a lot of it is driven by biblical prophecy and they believe that stuff >> and which is funny to me because it requires Israel to kind of be destroyed.

[00:49:08]which I'm trying to figure out. Okay, u why Israel isn't worried about this, but you know, cuz if you read the Bible and you know, you believe the prophecy that is what's supposed to happen. There's got to be this big worldending war in the Middle East and then I guess Jesus comes back and you know, me and you ain't going nowhere. We'll get left behind probably. it. Well, just look, man. I I I did not >> You can't make this stuff up.

[00:49:38]>> That's what people believe.

[00:49:41]A lot of people believe that. And that is why because there's no real really what's the other explanation for why we are so just mindlessly throwing money at Israel and Israel's running our foreign policy in the Middle East and to our detriment I would say. So >> I mean it it it makes no sense. I I woke up this morning to the same story about uh us allowing but you know I I've said something that I've upset a lot of people right because I think um I may upset a few people here I wouldn't be very upset if Iran got the nuclear bomb because I actually thought I actually think that uh the the the template for that is North Korea. Nobody messes with North Korea. We leave North Korea alone. They do their thing. They don't, you know, we leave them alone.

[00:50:37]Maybe that would be a reason for us to >> Essentially what we've done is talked them into it because because the deal they did at a certain point they were trying to do this to get a a nuclear weapon. But then at some point they decided on their own that now you know what it ain't worth it. And now we've given them every reason to want to want a nuclear weapon. And we don't >> Yeah. We don't mess with folks that have nuclear weapons.

[00:51:09]>> We don't bomb people with nuclear weapons.

[00:51:12]>> No.

[00:51:12]>> Okay. We don't bomb We don't bomb Vietnam. I mean, not Vietnam. We don't bomb uh uh North Korea. But here's the other thing. This is important, right?

[00:51:23]Um who says that Iran if they got the bomb would you I mean it is almost self-defeating that is not like a Iran is a huge country but if they are going to bomb anybody the people that they would be bombing is in the one of the countries in the GCC >> neighborhood right so they would be >> why would anybody do that >> you know the logic there is no logic the whole thing of We can't let them. Here's where I thought you were going. Who are we? We're the only people that's ever bombed anybody with a nuclear >> Oh, God. That is where >> I was going there. You stopped me. I was going there. The only country we know has the pelotas to use the the nuclear bomb is us, >> man.

[00:52:16]Dude, make it make sense, right? We're the ones we're we're the policemen of the world and we're also the biggest criminal.

[00:52:26]>> Hey, let me think about it. It's crazy.

[00:52:30]>> I did a piece this morning on my 9:00 I mean my hear me 9:00 folks at 6 o'clock in the morning central time 7 Eastern 7 where Marlin is but he's too darn you know who had to get up in the morning and listen to my program.

[00:52:44]>> Hey man I gota get my beauty sleep. I forgive you, sir.

[00:52:50]>> You know what? I actually catch you early in the morning sometimes. I'm not going to lie.

[00:52:55]>> It ain't at six o'clock in the morning.

[00:52:59]All right. But, and plus, I know I'm going to talk to you at least once a week anyway. So, >> Okay. All right. Okay. Okay. Okay. Hey, but look, you know, it's it's cool because um this morning I did a piece last night, man, I was sleepy, but I I I had to put the finishing touches on it because I really wanted the audience to hear this stuff right after Hexet spoke, right?

[00:53:23]>> Yeah.

[00:53:23]>> So, that's what I I spoke about this morning on Hexet. It was triggered by Hexith going out there and forcefully wanting to get this money and you know and I've never seen the administration do that for anything that helps people.

[00:53:39]We can find the money for the bombs man but we never do anything to help other human beings in our own country. Israel gives universal health care to its own >> and we are giving Israel not just $3 billion that the deal with Egypt, Israel and the United States, but we're also giving Israel so much other assistance with bombs and you name it. And they give their the the stuff they don't have to pay. They give their folks universal healthcare.

[00:54:15]Why can't we give orone?

[00:54:20]>> I got >> You have all the answers.

[00:54:22]>> I got nothing. You know what, man? What what is what is really um pissing me off is um is sort of related to what you're saying. One of the reasons that we I think that we don't get these things is because our our government has convinced us that, you know, we're not supposed to get it from the government.

[00:54:50]>> Despite what all these other countries are doing and how positively it affects their citizenry, we have been convinced that we got to work ourselves to the bone. We've been talked out of, you know, you take a vacation and it's all, dude, I cancelled vacations in New York out of um I don't know, I guess guilt, you know, like um and and nobody made me do it. I had a vacation schedule and it wasn't a you know, it was just sort of like, you know, we're going to rent a van and go back down to Arkansas, see some folks, blah blah blah. And like I don't know a couple of days, you know, I'm getting ready and I got my backup traders. I'm telling them what to do and what to look out for this that and the other and the CEO just kind of looked at me and said, "You sure you want to take a vacation? You know, Microsoft might give us an order. You sure you want one of those guys to handle it?"

[00:55:52]>> And I know the feeling.

[00:55:56]>> That's all it took. And I was like, Shannon, I'm sorry now. 15 years, what?

[00:56:04]Nothing substantially changed in my life. I could have gone on that dang vacation and but I you have that guilt.

[00:56:12]Think about how our society operates.

[00:56:15]You meet somebody, first thing you ask them, what do you do? We've built everything. Um I think so much of our identity is tied to job, work, all these things and we have just been talked into not expecting any more than what we can get on our own.

[00:56:40]So >> that you know that is sad but so true in that we you know people always talk about Americans are lazy and that it's so far from the truth. We are the hardest working people in this world.

[00:56:54]Barn none. And you know how you talk about scared to take a vacation?

[00:56:59]>> I worked five years in corporate America before I went on my own.

[00:57:04]>> Mhm.

[00:57:05]>> And I don't think in those five years I took a vacation, >> man. I'm telling you, >> I didn't take a vacation in those five years. There is a woman on Substack um years ago and I I have to go back and look. I think I have her article bookmarked or something. I cannot think of her name.

[00:57:30]>> And she used to be in media and I believe the story is something like this. Her husband, whatever he did for a living, got hired in I want to say Sweden. So they move so they moved to Sweden >> and she just kind of goes through all of the behaviors that is normal to us that in Sweden people looked at her like she was a heathen or some savage, you know, like eating your lunch on your, you know, you're sitting at your desk eating your lunch. And she's like, people are like, "Honey, you you can go to a restaurant if you want to. You're not going to get fired." But I mean I unless I was going somewhere with a client, dude, for 20 or 30 years, I ate lunch on the trading desk because you can't miss nothing. Got to be on the desk just in case phone rings, you know. And um one of the things that I really appreciate about just kind of you know moving outside that particular bubble is um it you you really just kind of can realign what's important. Now, that doesn't change the government, you know, not taking care of its citizens and so on, but, >> you know, my kids didn't even know me, you know. I mean, they they knew I lived with them, but I was sitting at the desk by the time they would wake up in the morning. I think I could probably count the times that I walked them to school, which was a block away.

[00:59:06]>> And when I get home, it would be almost, let's say, seven, eight o'clock. they're getting, you know, when they were little kids, they're getting ready for bed. So, you miss out all this stuff because you're on that, you know, you're on that treadmill and we've been convinced that's the only way to go.

[00:59:24]>> You know, I I was blessed after my five years working for corporate America that all my work I did from a home office and you know, development, I had a lab, everything in my home office. So, my daughter grew up holding electronics and all that kind. I have pictures with her holding the stuff up and and one time I realized I'm like, "Wow, that is that is actually a blessing in the way she grew up because she could see mom and dad because the work happened out there, right?" And then and I think that is something that gave me more empathy as far as saying you know what um why is it that corporations and all these folks don't that in in a country that likes to speak about family values and all that kind of stuff. Why aren't we incorporating things like that? If we want folks to come out to work at their place maybe have it that you know the family is an integral part of it and and I don't think it's asking too much. No, it's not.

[01:00:27]>> I think I I think it's a philosophical change in that.

[01:00:31]>> I mean, we do have kid, you know, bring your kid to work day, though, right?

[01:00:34]That's something >> day. Look what you said. Day, right?

[01:00:37]>> Day. I know.

[01:00:38]>> I look, think about it. You're at a petroleum plant. You're working 12-hour shifts. I understand you don't want to have the kids close by, but you could have services for them that you know when you take your break you go. I mean there are so many things if you really believe that the country is a country of family values and all of that. But what we do Marlin is we build business and then the people have to fit within the confines of the business as opposed to building people and then saying the business has to conform to the people.

[01:01:13]And I know it's altruistic. Okay, I understand that. But that's where things start. Things have >> you know what the thing Yeah, it's altruistic. But at the same time, I heard something this morning. Um, it was on one of these shows. I think it was that news show that uh Stephanie Rule has >> and uh the guy uh Charlie Sykes was on >> and they were talking about um Republicans and you know all the stuff that they're doing that's that's just way out.

[01:01:48]>> And then he said, "I know people don't like to hear the both sides." Oh, you know what they were talking about? Um the the primaries that were held last night and uh Andy Biggs, I think he's in Arizona for running for governor. Yeah.

[01:02:04]>> Yeah. And he is an election denier. He's just, you know, this guy should just get a podcast and just >> step away because, you know, he's just a conspiracy theorist, you know, basically.

[01:02:14]>> Right. Right.

[01:02:15]>> Trump endorsed him. Um, and so they were talking about the fact that, you know, you're putting these outlandish people, you know, they can get through a primary, but they can't make the general election. They can't win or generally they don't win.

[01:02:30]>> And his comparison, he didn't call any names. He said, you know, I know Democrats don't want to hear this, but the same thing works for them. you know, when they elect these people in the primaries who can never get past, you know, never win a, you know, a statewide election or a national election, whatever it is. Well, he's talking about these Democratic socialists that have been winning. And he is making an equivalence between them and this crazy ass man over here, you know, who's saying all kind of nut nutty stuff. And this goes back to your point about how we have been convinced that guy over here talking about, you know, or Marjorie Taylor Green talking about space lasers and all this kind of foolishness is that AOC is just as bad.

[01:03:24]She wants people to have healthcare. How crazy. You know it. And what I really kind of went off I was in my bedroom shouting at the Alexa because Stephanie Rule didn't say anything.

[01:03:39]>> They don't they don't say anything.

[01:03:42]>> Yeah. He Democrats really need to be careful, you know, nominating these people who can I don't think we have the data to support the idea that they can't win.

[01:03:54]>> No. You know why we don't have it?

[01:03:56]Because they're g ganged up on. You know, let me tell you this. I don't advertise it widely, but folks will know. I have been a card carrying DSA member for years.

[01:04:09]>> Wait a minute, man. You never told me that when we started this show.

[01:04:13]>> No. No. Okay. But and the idea why you don't say certain things, right? Is that people need to know your values before you're caricatured, right?

[01:04:27]because they DSA people are caricature.

[01:04:30]Read the template. Read what you really stand for and that is people first.

[01:04:37]People first. I mean you look at you look at if you know why some of us were so excited about Mam Danny right is that Mamani is young 34 35 years old.

[01:04:49]>> Uh he's very wellspoken and he wants to get execution and he knows how to lead.

[01:04:55]How does he know how to lead? Those potholes, those over 100,000 potholes got filled up as soon as he went into office. He could lead the the the ice got that the snow got picked up. You you lived in New York. You know what snowstorms do?

[01:05:10]>> Let me tell you, man. Um a snowstorm can cost a guy an election in New York City.

[01:05:17]>> And you know what it cost?

[01:05:18]>> Even if it was like a year ago.

[01:05:20]>> Yes. people if they can't get their garbage picked up and if the streets don't get and not just in New York but in over in New Jersey where I used to live, dude. If the government isn't on top of that stuff, whoever is unfortunate enough to be in office is out.

[01:05:39]>> Here's what he did though. He made government not only get it done, but he made it a part of the collective. In other words, >> I was talking to somebody about this the other day.

[01:05:50]>> Yeah. People were doing the work for 30 something dollars an hour to get the snow and it worked. It costs less than hiring a company who hires a company who hires a company with people who do the job.

[01:06:03]>> I was talking to a former colleague this week about just that. I mean, we're talking about the Democratic socialists in general, right? And you know, usually to your you may be surprised that um when we have these conversations, I'm the person who's having to educate him on what the platform is and what it isn't. Okay.

[01:06:29]>> And so somewhere in the conversation, I brought up what just what we're talking about with the snow situation. And he said to me, "Yeah, you know what, dude?

[01:06:40]The people complaining about Mam Donnie are pissed off that he is going. He said what folks don't realize up here and it's probably you see this probably all over.

[01:06:52]>> You've got people in Congress and they got a side business that's maybe a snow cleaning business, right? Manny went around all of that, you know, uh, embedded infrastructure where people are getting paid behind the scenes and you, you know, XYZ, you know, snow plowing company is getting this work and and so he just went around all of that.

[01:07:18]>> He got it done >> and you know, but this is how you disrupt. You know, you see it in technology, but it also happens just in ways like that. And the man is um you know he's he's rocking the boat and I mean the folks who are benefiting think it's great. Why hasn't government done this before?

[01:07:38]>> And and again because you see let me let me just say this. I know we're kind of over time guys but um this what I'm going to say here is pretty important.

[01:07:48]Uh there are two governments in America.

[01:07:51]There are absolutely two governments in America. There is a regular government that is we the people and then there are the corporations that are we the few and I mean people don't you don't quite get it but both of them have a leadership structure as well and what the fight is is that that few they want to be the ones who rule in other words they want to the ones who send something to the space at a price they want to be the ones who pick up your garbage at a price they want to do all these think so that they can make a profit off of it.

[01:08:28]What those of us that follow our tenant believe that there are certain aspects of this economy that simply doesn't belong to that second government. The first >> and this is kind of what we've been talking about. You know, you you have certain functions.

[01:08:45]>> I mean, think about it. All of these companies that are, you know, Verizon, all these >> Yeah. Well, a lot of the infrastructure that they benefit from only happen because of the government.

[01:08:59]>> We pay for it.

[01:09:00]>> I mean, the internet, come on. It's not, you know, I mean, Facebook did not create or or AOL did not create the internet, >> you know. Al Gore did, but other >> No, I mean, you know what I'm saying though. I mean, yeah. So all of these massive companies and we can talk about the pharmaceutical industry. I worked um for about a year.

[01:09:25]I was a consultant over at UNCW's. They have a u a marine biology. Well, it's marine biology, but it's actually biofarmaceutical.

[01:09:37]So what they do is, you know, they're researching all this, you know, stuff in the ocean that can that has perhaps some usage in, you know, uh, some medical usage.

[01:09:49]>> Well, they are doing all the research so that when it gets to the point that Bayer or you know, one of these companies takes that research and and creates a drug they can sell from it.

[01:10:03]All the R&D has been we had a whole department that was basically it was called technology transfer.

[01:10:11]>> So where they come up with all this stuff in the academic world and then you know they can't do anything with it.

[01:10:19]They transfer it to corporations and they cut deals and whatever. And you know it is so funny when I talk about uh first of all yes we created it and I when I I say two things that that shock people all the times people like no these corporations deserve the profits because they take risks. Corporations don't take risks.

[01:10:41]>> That's the whole thing. They don't want to take >> they don't take risks. They avoid risk like the plague. They let other people take risk. That's why Bye Cheryl. Thanks for being here. Off to the gym. She says um let me tell you they they don't take risk. They their whole premise is avoiding risk. That's why they buy companies.

[01:11:03]That's why they buy companies. They buy >> they buy instead of build. I mean when Wall Street started doing algorithms, you know what they did? They bought Do you remember like uh Daytech? All these little >> Yes. that Wall Street bought all these companies so they didn't have to spend.

[01:11:21]Now, they spent money, but you know, anyway, man, we could talk about this all day. You know what? Maybe we'll have to do that. Maybe we have to maybe we'll have to get you over here on the beach and we'll sit out and talk about stuff, you know.

[01:11:34]>> Yes. Yes.

[01:11:35]>> And uh I bet we could I bet we could get an audience.

[01:11:38]>> I am sure we will. Notice I didn't say I Wait. Notice I didn't say I think. I said notice we will get an audience. I heard you. Well, folks, uh you know, like I always say, every Wednesday at noon, get your lunch and just sit back and hopefully you get something out of these conversations. That's the objective anyway, right?

[01:12:00]>> Absolutely.

[01:12:01]>> So, until next time, watch your back. It's dangerous out here.

[01:12:09]Take care.

[01:12:09]>> This is This is the reality check, folks.

[01:12:13]>> All right, we'll see you next week.