The Mick & Pat Show - The Next Four Years

Transcript

WEBVTT

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uh, we survived, pat.

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We survived another us election which these used to be the most boring thing when I was in middle school and I don't remember anyone giving two rats.

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you remember how boring the obama mccain election was like.

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It was like why are people watching this?

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Why don't we just go to bed Like Bush-Kerry, yeah, yeah.

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And last night, though, dude, something pretty crazy happened, and before we get into it and offer our opinions, we just want to say first, welcome to the Mickey Pat Show.

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Happy that you're here joining us.

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This is, of course, recorded November 6th, post the election We'll see when it gets out because we had a very, very special interview with a certain bow hunter, paul Navarro, that we were privileged to talk to him and hear his point of view, and so we're editing those episodes.

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Probably, right, pat, two episodes.

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You think, yeah, it's a two-par.

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think, yes, two-parter two-parter yeah I don't know if anybody's in for the three hours, yeah it's a.

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It was a great interview.

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It's worth three hours it is, but we'll break it down into part one, part two, so it's a little bit more digestible, and, uh, you can.

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Uh, part two is pretty much just going to be the the hunt story him telling good old hunt stories and part one's a little bit more him educating us on the nature and politics of getting into bell hunting in colorado and all that.

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But anyways, um, you know, before we got too far ahead, man, and got really into these things, I saw something at the store.

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Really yeah, I was out there tonight actually it was right after dinner, on my way here.

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I saw it and I was like it made me really think of you, really yeah, and I hid it here in the studio so that way you wouldn't see it.

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I just want you to know you're not going to be complimented, you're not going to be flattered, and those who are long-time listeners will recognize what this is.

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After I pull it out and you hear Pat's reaction oh my gosh, what could it be?

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well, it's a new variety pack from New Belgium.

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Mmm, really, yeah, it's got a trapel Belgian style, which I love a trapel.

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It's got the voodoo ranger juicy haze IPA.

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The voodoo ranger juicy haze IPA the voodoo ranger, Imperial IPA and the holiday ale, oh, the holiday, ale you have to.

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I want to watch you drink one, and I want to.

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I want you to tell me it's still only one thumb down I want you to look me in the eyes.

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I think we need to blind grab in and whatever you pull out what you have to drink oh god, I'll do it.

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I'll do it, just since we're already gonna be going over a nasty subject like the election, we'll be all right.

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All right, fine, fine yeah.

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So, for those of you who might not know, we did a uh, you know, uh, christmas beer review.

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A couple, a couple, uh, last year maybe, I think it was when we did the the holiday ale and uh, it was, uh, it was not, um, it was bad it tasted like not good.

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I said it tasted like someone poured piss beer into a potpourri bowl and just let it sit there and the rub is because I gave it I.

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I gave the worst beer I've ever had on this podcast.

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A little bit of a point just for um, for the marketing factor, I think, because that's what got, that's what got it and it's a rough one um, even like the new belgium guys, when I went on a tour there and I was like, yeah, so what's up with that?

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did something go wrong with that?

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Like that tasted so awful and he's like no dude.

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I don't know who passed off on that.

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That was the grossest beer I've ever had here and I was just like dude, you know it's bad, like when the tour guide's not even like trying to cover he's just like no, it was garbage.

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Uh, he wouldn't even give you the fake news which I respected.

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I expected him to hold it up to and not trying to hide from it telling you the real deal.

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Oh man, so are you gonna put three and three types in there, just three at the top, just three at the top, and one is one is the bad?

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Yeah, all right.

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All right, we'll see how it goes.

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Man alive, the uh it's, uh it is.

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We're are approaching the holiday seasons, though, which I'm excited about.

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We got a tiny dusting of snow today down at my, at my folks, neck of the woods, and so I think, uh, we went straight from, uh, uh, just summer to winter there's not a lot of fall here and, by the way, mick just was mixing those like they're like the dread pirate roberts.

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Oh shit, I got the triple.

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Yeah, let me mix these up.

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Oh shit, I got the trip-o.

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Yeah, let me mix these up, so that way it's still fair, alright.

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Damn it.

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Oh man.

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Alright, here you do a little bit of mixing and I'll draw from it all right, you just honestly need to just have a cooler all right, here we go.

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There's the choice, it's the big draw.

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What's he gonna get?

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Oh, he got the trapel also no one has to drink it yet um on, in like two weeks from now, if we keep playing this game, we're gonna end up with Just have Dean come on again and just be like Dean draw for a beer and this is only those left.

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Well, it's going to be like playing Russian roulette.

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We're at the end, like you know, the bowl is coming.

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Yeah, there's no more.

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There's just three in the bottom, oh man.

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Before we get into election stuff and all that, Pat, I feel like it's only right that you, since hunting's been a topic lately, do you got anything you want to give us debrief-wise from your elk hunt?

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You had two elk tags this year.

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I did.

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I did.

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I had two elk tags and I got to take.

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I went out with two buddies one who I've been meaning to go on a hunt with for like literally 10 years.

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Like 10 years ago we talked about going on it, we just never made it happen.

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Is he a hunter?

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He's a hunter.

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He's like, yeah, he's a hunter, he gets out there.

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He wouldn't consider himself like an avid hunter, you know, but he's like, he gets out and hunts.

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And then the other fellow was a new guy who to the hunting world and he was super gung-ho this year, super fun to watch him be all excited about getting all the gear, finding, you know, uh, doing, uh, you know, e-scouting, finding spots where the elk might be, and all that.

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And so we put together a trip.

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The three of us went out there and we did what a lot of elk hunters do, which is we go spend a week in the woods hiking with rifles.

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And so we nothing better than, yeah, buying a gun that you don't get to shoot it but you get to hike around with your gun.

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A lot.

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Yep, that's why you should get a light one.

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Yeah, doesn't matter how hard it hits, but the um so no, we like it was.

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It was a good hunt.

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Um, I'd say the success from it.

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We didn't harvest this year, but we did every day.

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We got closer and closer.

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Like starting off day one, we didn't even see any elk poop period, which is like.

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That means you're, you're in the wrong spot.

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You're in the very wrong spot, because I spent most of my time not killing elk, just walking around on top of elk poop all the time.

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Yeah, it's like you, if you're like, like, even if you're getting skunked, you're at least like seeing tons of sign.

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Yeah, but then, like you know, day two, we got in a better spot where someone had killed one the day before and stuff like that, and we got closer and closer until our last morning.

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You know, the flaw we made was it was like day four or five and we'd been up early and grinding, hiking every day and I was sick starting the trip off, and I got both the other bros sick, which is a bummer.

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It was kind of inevitable, though, sharing like a small camper, you know.

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Bro dude, why were you kissing them?

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I know, right the camper.

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Yeah, that's what hunters do.

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That's what hunters do.

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That's what hunters do we tuck our buddies in and give them smooches.

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Goodnight, exactly.

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But we were getting pretty smoked like that last day, Like all right, let's sleep in.

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And so we slept in half an hour, Then we snoozed our clocks like another 20 minutes.

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So we ended up hiking in to our spot about an hour late where we wanted to go, and we'd marked a spot on the map.

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We'd put an X on the map and we hiked into that spot and that morning, as the sun was coming up, we were just a little too loud, a little too fast getting in there and a little too late.

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And literally on the X we had marked there was six elk.

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But, we saw them just leaving the area as we had kind of blown them out of there so close.

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But no cigar on on the elk this year did either of those guys have a tag or were they just there as support and to help ruck and ruck it out?

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no, we all had tags, we all had cow tags.

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And then I counter uh, the cow tags are a draw.

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So we all had cow tags and I had an over-the-counter bull tag, so could have come out of there with you know a lot of meat four of them.

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But um, yeah, that was uh.

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You know, that's usually how my elk hunting goes that's how I feel like most people's elk hunting goes, unless you're paul.

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Unless you're paul, you hear, like the fact that he's like, yeah, the last 12 years I've gotten an elk there.

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I'm just like what?

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Yeah, it's super impressive.

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I mean, he uses a bow and arrow, he's not a spring chicken and he gets it within 20 hours.

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Can you imagine what it looks like to see him get into coverage?

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I imagine when he's telling this story and he's like, yeah, she's, my wife was back at the car, and then I just run down and starts creeping up on it.

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I'm like, does he just like disappear with the wind?

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Like.

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You know what I mean.

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Like like cause I'm just trying to picture how this guy, this 84 year old guy, he's not.

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He's not a small man size, man size, I think but like he just gets down in these bushes and like army crawls up to him.

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I'm just really trying to figure out, like how that guy he's sneaky yeah, I met he's he's like a little little gnome you know what I mean little, little sneaky goblin he just yeah, like, just, it is like he can disappear like a vapor and just reappear.

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But yeah, and I think, uh, one of my big like he's got to be a patient guy.

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That's my problem too.

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I get impatient, like, oh, I can just rush up in there.

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No, you gotta like.

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You gotta, sometimes you gotta like, take your shoes off if you're doing archery, like, yeah, sometimes you gotta take your boots off and cover 40 yards in one hour.

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Wow.

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So it's like that's, that's patience.

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You know, know, that's slow and then the and then the key there is also knowing when to not do that, when you have to be like all right, we got to cover a mile and a half right now yeah and then sneak for two hours like it's, like the in the intuition there, knowing when to do that.

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That's the little instinct I don't ever, have never been taught.

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But yeah, that's crazy.

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Yeah, I mean because I also know guys who I think you know, like I said, I've never been hunting more than small game stuff.

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But I think I know guys who I think are like good hunters, like they are dudes who every year without fail go out to hunt and they have stuff hanging up in their houses of the things they've hunted and those guys do not have remotely close to the consistent amount of kills that paul gets right like I.

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I mean, when he was saying those numbers I was just like that's crazy to me.

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Some of these guys like they'll get 12 elk their entire life if they're really lucky, like really really lucky, and so I was just like listen.

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I was like this is a dude who's like an expert in his craft, which makes sense.

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I mean, he lives and breathes by it.

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So it can be fun to shoot bows with him, just to like, because, also like once it's not a done deal.

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Once you snuck up on him and then, when he's taking him with a recurve, yeah, it's like that's because the recurve is the one that doesn't have the like.

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you don't draw it and it looks.

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Yeah, yeah, it doesn't hold weight for you.

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Doesn't hold weight for you.

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So?

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you got to draw it yourself and you can't.

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Can you imagine what he looks like with his shirt off, his chest and back?

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He looked like he was pretty ripped.

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He was a barrel dude.

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He's a barrel of a man.

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At 85.

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Just getting after it, super impressed and and he's just like I don't know, also not braggadocious or more serious, he's like one, not not braggadocious, or yeah, he's just like.

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He's like one of the nicest guys.

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Nice Humble man is super, super cool to get to talk with him.

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Yeah, I think if anything like, if there's anything that like, I'll say this if I can figure out some way or method to literally do, you know, I'll do whatever is in my power to get him that shot at a big horn like I'm.

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I've been reading into it a lot and I know you're wondering, like if the tags are like um, not tradable but like transferable, transferable yeah, something like that.

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And like I'm just like dude, like hell, just like even give them the opportunity, like the donate opportunity, because it's not like there's a hundred, or even like there's not even like, uh, 50 other guys right now who have gotten the big nine bow hunting and are alive and are ready to go for the bighorn.

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You know what I mean.

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Like they only like there's a ton of people who apply for the bighorn, but like he's the only one probably alive in colorado today.

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He's got nine out of ten with the bow, yep, and the rest of the people are working their way to that.

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But I'm just like dude.

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It would be a crime for this guy to not get that shot and what's crazy is like the hunt aspect on.

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That's like it's up there on cliffs and really high elevation yeah like the, it's a strong young man's game it's, yeah, it's not just like so it's, it's, it's gonna be, uh, um, because he and he's, because he's already taken one bighorn, rocky mountain bighorn now it's gonna take desert bighorn the desert bighorn.

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That's on just the western slope, though right um, like it's all along the western slope on that side, more towards grand junction and stuff I honestly don't know, but I'd assume something like that or even that, even maybe further south, and you gotta think that's a little bit easier open terrain wise not as brutal as the eastern side.

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I genuinely think the eastern slope versus western slope is like night and day difference.

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For people who aren't from Colorado and haven't spent much time there.

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I really do think the western slope looks so much more approachable than when you're looking at the eastern side and you're like good God, how did people get over those?

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But anyways, good stuff, good stuff.

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As you can tell, we really loved our interview with them, so go ahead and check it out.

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This is probably coming out after that episode's release, or maybe before, I don't know.

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We'll see what happens.

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Yeah, and if it looked long, like I said, we're going to break it up into two parts.

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I think like they'll both be a little long, but they're they're worth it.

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Yeah, um, onto the big news, of course.

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They just occurred last night.

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For us, donald Trump, 47th president, and not only that, but I'm pretty sure we have majority Senate.

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And did we get majority house as well?

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Um, I think so I say we.

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I guess that just gives away my leniency.

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I mean, don't get me wrong, I'm not like a diehard Republican or anything.

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I'm definitely conservative in my values.

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But it does feel good to know that we have two years where we could probably get some good stuff done.

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There's something about.

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Yeah, it so if you've got a supreme court, house, senate, congress and president who are all aligned, it's like at the, I think honestly, if you had a more moderate left, then it could be great too as well.

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Just to have like not having this um filib bogged down can't get anything done.

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Government shutdown, bureaucratic caca, you know, it's like.

00:16:51.480 --> 00:16:52.601
Bro, what needs to happen?

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I know this is not going to be popular, with a lot of people who might listen to this, but we need to have the government gutted.

00:16:59.534 --> 00:17:09.922
It needs to be gutted like a freaking pig, just like the way down in uh, it was in south america, I can't remember.

00:17:09.922 --> 00:17:10.723
It's not chile.

00:17:10.723 --> 00:17:18.523
Um, maybe it was chile, no, um, where is it?

00:17:18.523 --> 00:17:19.465
Where's patagonia?

00:17:19.486 --> 00:17:27.743
that's not in chile, that's in argentina argentina, yeah, the argentinian government, their new prime minister or president.

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He just totally disemboweled the government in all of its departments and just threw them all out, cut off funding day one, dissolved them and like there was, yeah, really high unemployment rate rate for a little bit.

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And then, guess what, the commercial market has come in and swept up and they're now like argentina's like already debt free in like only two years he's been president or prime minister, yeah, it's on, and they were so deeply in debt.

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Um, and I know that's like exactly kind of how uh trump and elon were mentioning like the financial approach to the uh government audit, because elon's gonna be the uh auditor apparently, which bro like after what he did to twitter yeah, but guess what?

00:18:18.263 --> 00:18:21.050
like twitter's still standing and, yeah, there was an ugly.

00:18:21.050 --> 00:18:25.912
You know valley for twitter, but I think it's a better platform today for it.

00:18:25.912 --> 00:18:31.848
As someone who doesn't use it, I don't spend any time on it For sure.

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We've got 2.2 million full-time federal employee people, and that's a lot of people.

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Dude, and there's so much bloat around all of it.

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As someone who works as a government contractor right, there's just so much I see that is just bloated and slow and it's just like wow.

00:18:56.086 --> 00:19:01.851
Also, there's just people when they get the job, dude, they never get fired.

00:19:02.701 --> 00:19:10.893
The government never fires people it's so like that people have to be dismissed from their jobs because they royally f up.

00:19:10.893 --> 00:19:16.388
Um, I've had people in the consulting world tell me like oh it's dude, it's, it's.

00:19:16.388 --> 00:19:26.191
Green welfare is what they call it, because you get a job working for the federal government and you just know like you'll never get you might get like furloughed for like a season of a government shutdown.

00:19:26.613 --> 00:19:38.731
Yeah, you'll still get paid and like you, just, you just don't have to come into work and, like you, just whether, whether you work for the post office all the way up to a tippy top, you know you'll never get somewhere in dc.

00:19:38.751 --> 00:19:44.167
You know it's like yeah, and so I think that I, like one of the most savage guys around it was Vivek.

00:19:44.167 --> 00:19:53.021
Yeah, like that was like you know, like he was talking about cutting it, like I was like that may be a little bit too much because we didn't have to slow down on that cutting, but Right dude.

00:19:53.041 --> 00:20:08.785
I'm almost I'll say this like I've heard so many good arguments for cutting stuff like the Department of Education, like literally quartering the Department of education and being like, all right, we can keep one quarter of this because the rest of this is freaking bloat.

00:20:08.785 --> 00:20:12.992
Um, I was just like wow, that's, that's bonkers.

00:20:12.992 --> 00:20:26.548
But like I'm also like when I'm hearing out the case and the cost of it, like okay, I don't see why not oh yeah, like and gosh like.

00:20:27.169 --> 00:20:33.957
If you cut out the bloat too, the actual needs in the vacuum will be filled by the private sector too.

00:20:34.140 --> 00:20:35.567
Will be filled by private sector.

00:20:35.567 --> 00:20:38.368
And this is the thing that everyone keeps on talking about.

00:20:38.368 --> 00:20:44.830
They're talking about how, like the government's so in debt and taxes are high and they need to, can't?

00:20:44.830 --> 00:20:46.913
We can't get rid of income tax.

00:20:46.913 --> 00:20:52.172
We can't get rid, we can't reduce taxes, because if we do, the government will default on the debt it owes.

00:20:53.563 --> 00:21:14.882
But the truth is is if the government guts itself, the cost of maintenance and operation for the government drastically declines, therefore requires less taxes to operate and it can therefore stop spending money on different departments and personnel, and that money then goes to paying off the national debt.

00:21:14.882 --> 00:21:16.486
Like we make enough money.

00:21:16.486 --> 00:21:18.632
Uh, let me see, let me pull this out.

00:21:18.632 --> 00:21:21.844
I'm just gonna make sure to double check my stuff, but I'm pretty sure, like the?

00:21:21.844 --> 00:21:32.217
U the united states of america, like the federal government's uh, ebita is, this is more than like our current standing debt.

00:21:32.217 --> 00:21:46.186
Like if, if some really brutal gutting and stuff occurred, we could probably pay off the national debt in like four years with some good like conservative management and conservative spending yeah, and like what was the stat?

00:21:46.288 --> 00:21:54.442
I don't want to totally like talk out of my butt on it like what do we owe right now, however many trillions?

00:21:55.224 --> 00:22:04.903
I think right now we're at like I think it's over 70 trillion, I believe 70 trillion.

00:22:04.943 --> 00:22:06.970
how many zeros are on $70 trillion?

00:22:06.970 --> 00:22:12.507
A lot, one, two.

00:22:12.507 --> 00:22:13.663
Sorry, I wanted to do.

00:22:13.663 --> 00:22:17.968
What I was looking at at one point was this sounds off now that I'm thinking about it.

00:22:17.968 --> 00:22:26.268
It was like it equates like every American being like if every American paid $100,000, we'd be out of it.

00:22:26.268 --> 00:22:27.391
That's got to be wrong.

00:22:27.912 --> 00:22:29.515
Yeah, no, we're deeper than that.

00:22:29.555 --> 00:22:30.356
Yeah, we're deeper.

00:22:30.356 --> 00:22:31.599
We're deeper than that, way deeper.

00:22:31.599 --> 00:22:35.790
Yeah, I was like when I saw that stat I was like we should be able to get out of that.

00:22:35.790 --> 00:22:39.402
But yeah, scratch that, I was fed some false information by somebody.

00:22:39.402 --> 00:22:40.002
I don't know about that.

00:22:40.002 --> 00:22:42.186
It's fed some false information by somebody.

00:22:42.207 --> 00:22:42.867
I don't know about that.

00:22:42.867 --> 00:22:44.230
Well, do the math.

00:22:44.230 --> 00:22:47.094
Do the math 370 million times 100.

00:22:47.094 --> 00:22:49.022
How much is that?

00:22:49.022 --> 00:22:53.344
Ask the Google so, that way it'll automatically tell you what those zeros mean.

00:22:53.344 --> 00:22:54.967
That's true, that's true.

00:22:55.007 --> 00:22:55.488
Here we go.

00:22:55.488 --> 00:23:11.650
All right, we are calculating oh need one more zero Times 100,000.

00:23:11.650 --> 00:23:21.803
Oh, it gave me a To the power, so I don't know, I can't do that math.

00:23:21.823 --> 00:23:22.565
No, put it in Google.

00:23:22.565 --> 00:23:22.965
What is it?

00:23:22.965 --> 00:23:23.807
Let me do it.

00:23:24.028 --> 00:23:27.894
It gave me it Give me 100.

00:23:27.894 --> 00:23:28.963
Out of high school.

00:23:28.963 --> 00:23:30.325
So long I can't do any powers.

00:23:31.359 --> 00:23:35.086
Times 370 million.

00:23:35.086 --> 00:23:41.375
Come on, google, give it to us All, right.

00:23:41.420 --> 00:23:54.474
Well, it also just gave it to me whatever this I feel like this should be the problem is.

00:23:54.474 --> 00:23:57.905
Okay, I'll say this it's funny like I can.

00:23:57.905 --> 00:24:03.987
I've barely gotten to the point where I can wrap my head around like the difference between a million and a trillion and like a billion.

00:24:03.987 --> 00:24:13.423
Like it's funny how now, like everybody, like just to buy a house, you got a million dollars, but 37 billion, 37 billion, that's it.

00:24:13.423 --> 00:24:18.394
Huh, yeah, that leaves us a little short, so the math is off on that one.

00:24:19.020 --> 00:24:21.183
All right, dude my favorite is what they're like.

00:24:21.183 --> 00:24:22.727
What the hell?

00:24:22.727 --> 00:24:31.190
Look, the government had like a you know it was something silly Like the government's like money sent to Ukraine.

00:24:31.190 --> 00:24:40.329
If that was divided amongst every American, we'd each get like a million dollars, and I'm like nah bro your math is so off.

00:24:40.329 --> 00:24:42.720
We'd each get like 105 bucks.

00:24:43.040 --> 00:24:48.762
Yeah, like maybe, and that was with the same thing, with something about Elon Musk's like and like.

00:24:48.762 --> 00:24:54.020
Someone said like if he gave everybody like split his money evenly, everybody would be like millionaires, and it's like.

00:24:54.020 --> 00:24:55.003
That's just not true.

00:24:55.003 --> 00:24:57.191
Yeah, just not true.

00:24:57.191 --> 00:25:02.608
And speaking of Elon, it's crazy, like okay, so did you watch the Trump speech last night after?

00:25:03.131 --> 00:25:03.571
Sorry, hold on.

00:25:03.571 --> 00:25:06.746
I was just before we get too far.

00:25:06.746 --> 00:25:07.210
I did watch the speech.

00:25:07.210 --> 00:25:07.593
I stayed up for it.

00:25:07.593 --> 00:25:09.526
We're at 35.95 trillion dollars in debt.

00:25:10.184 --> 00:25:11.232
I don't know where my 70.

00:25:11.292 --> 00:25:18.167
I think my 70 came from the budget for defense, because I think that was 70 billion.

00:25:19.270 --> 00:25:24.269
I thought we were 70 trillion we're 35.95 trillion in debt.

00:25:24.279 --> 00:25:25.191
okay, but anyways, maybe that's just because of how much trillion in debt.

00:25:25.191 --> 00:25:25.869
We're $35.95 trillion in debt.

00:25:25.869 --> 00:25:25.942
Okay, but anyways.

00:25:26.720 --> 00:25:31.571
Maybe that's just because of how much the stock market went up last night after it was declared.

00:25:31.571 --> 00:25:34.131
We just cleared that much debt in a couple hours.

00:25:35.499 --> 00:25:39.151
But so we pull from taxes in 2024.

00:25:39.151 --> 00:25:50.181
Taxes provided the US government $4.5 trillion, that's a lot.

00:25:50.181 --> 00:25:54.451
Yeah, it's so hard to wrap my brain around what that is like and like that they spend over that every year.

00:25:54.631 --> 00:25:57.625
Like that's it's so hard.

00:25:57.645 --> 00:26:02.723
And like I mean, you have you ever seen like the breakdown of, like the biggest expenses for the federal government?

00:26:03.766 --> 00:26:30.667
They're all like the first one is like um, social security, and then after that it's like the payment of employees and staff in the federal government and like contractors and consultants, and then everything after that is like spending on spending on departments and development and infrastructure, right, so it's like.

00:26:30.667 --> 00:27:04.469
It's like one of those things if you're just like okay, well, there's no way that makes sense for the social security thing, just because spending that much versus like you know, if everyone on social security is making quote-unquote like roughly around like 2500 a month and it's like mostly tax-free to the majority of them, then it's hard to imagine like okay, so you're telling me the 60 million people on social security are eating up a majority of the uS government's budget.

00:27:04.469 --> 00:27:19.988
That doesn't add up because we have like the math doesn't work out to how much they collect in taxes, right, and so it's one of those things where, like, it's just interesting to see like how they determine like what expenses versus non-expense.

00:27:19.988 --> 00:27:23.250
But apparently social security is the number one expense for the US government.

00:27:24.140 --> 00:27:31.457
And some of my uh bro, uh bro economics on this.

00:27:31.457 --> 00:27:39.114
I was wondering should we be putting, like this, all the social security money into the market?

00:27:40.942 --> 00:27:49.045
no dude, because the government just takes it while we pay it to them and then they loan it out or they just spend it right.

00:27:49.045 --> 00:28:03.911
So like that's, the craziest thing is like if they had, if every time you spent social security, like every every time social security came out of your, your paycheck, it was invested in the stock market and it just remained in the quote unquote social security fund.

00:28:03.911 --> 00:28:05.634
That'd be unreal, bro.

00:28:05.634 --> 00:28:10.251
Our capital markets would be so powerful and strong.

00:28:10.251 --> 00:28:17.622
But because the government started spending social security as a means back in, like what was it?

00:28:17.622 --> 00:28:18.886
World War II, I believe it was.

00:28:18.886 --> 00:28:22.871
Like social security was developed for funding the war.

00:28:24.160 --> 00:28:25.505
Like it's one of those things of like.

00:28:25.505 --> 00:28:38.542
I get the premise of like well, we need this money now to spend it, and it's a way that we're going to take care of all those who come back and like can't take care of themselves, and it originally was looked at like helping the elderly veterans.

00:28:38.542 --> 00:28:42.972
Yeah, which they already got va well and so it was.

00:28:43.012 --> 00:28:43.882
It was one of those things we're like.

00:28:43.882 --> 00:28:49.430
I just never thought it was really properly thought through, because of course they were like we're only going to do it for the war.

00:28:53.607 --> 00:29:01.839
Well, and it worked well when you had the baby boomer population, a huge population to support the greatest generation, a much smaller population.

00:29:01.839 --> 00:29:05.169
So that's what I was.

00:29:05.169 --> 00:29:08.226
So I don't know, I was thinking that's what I was thinking of in my bro economics.

00:29:08.226 --> 00:29:13.442
I just was like that should all be at least like filtering through the market.

00:29:13.442 --> 00:29:17.490
It's only gaining, right, you know, but but it's too risky.

00:29:17.490 --> 00:29:19.742
It's also risky, but hey, I don't know.

00:29:19.742 --> 00:29:20.904
I also thought it was crazy.

00:29:20.904 --> 00:29:25.663
You could, you could vote or you could bet on who would win the election this year.

00:29:25.663 --> 00:29:27.166
You can do that most years.

00:29:27.166 --> 00:29:28.330
Yeah, I just didn't.

00:29:28.539 --> 00:29:29.944
It's just way more popular now.

00:29:29.944 --> 00:29:30.346
Yeah.

00:29:30.346 --> 00:29:43.773
Now it's like you want to know what's crazy Because of the boomer population the estimated transfer of wealth from boomers to millennials.

00:29:43.773 --> 00:29:45.546
Do you know what that's going to be?

00:29:45.546 --> 00:29:53.490
The great wealth transfer is estimated to transfer is the estimated transfer of wealth from baby boomers in the silent generation, to younger generations.

00:29:53.490 --> 00:29:56.946
This transfer is expected to impact millions of families over the next two decades.

00:29:56.946 --> 00:30:08.315
Hmm, take a guess what the total estimated monetary US dollar value of wealth transferred from them to us will be.

00:30:11.840 --> 00:30:14.586
It's either going to be, is it disgustingly low?

00:30:14.867 --> 00:30:15.930
or is it just an insane?

00:30:15.950 --> 00:30:16.130
amount.

00:30:16.130 --> 00:30:16.431
It's unreal.

00:30:16.431 --> 00:30:23.131
I mean trillions and trillions and trillions $500 trillion.

00:30:23.211 --> 00:30:23.673
No, no, no.

00:30:24.700 --> 00:30:37.683
Keep in mind the USs government's 35 trillion in debt yeah, but I just think, like every house that's owned and real estate like the, the whole, the total, dial it back like I said also before, which would be once we get past a billion.

00:30:37.683 --> 00:30:41.311
Yeah, your concept is no, I don't have a, there's not.

00:30:42.032 --> 00:30:47.048
I don't think there's 500 trillion dollars worth of natural resources in the world.

00:30:47.309 --> 00:30:47.790
That's true.

00:30:47.790 --> 00:30:49.554
That's a good point, that's a good point.

00:30:51.082 --> 00:30:55.212
I think the Earth is worth like $400 trillion in natural resources.

00:30:55.579 --> 00:30:59.171
I'm pretty sure, that's what the total value of something like all that is.

00:30:59.171 --> 00:31:07.488
No, it's going to be $84 to $90 trillion, okay, distributed about $27 million, to be 84 to 90 trillion dollars.

00:31:07.488 --> 00:31:15.250
Okay, distributed about 27 million to millennials, 30 trillion to gen x, 11 trillion to gen z, 4 trillion to baby boomers, and that's just, you know, the long-lived younger boomers, right?

00:31:15.250 --> 00:31:22.410
Um, and they think about another 12 trillion will just be good, we'll just go to charities and nonprofits.

00:31:22.410 --> 00:31:33.525
Um, it's expected to make our generation the wealthiest generation in history, but it's also like a lot of people are theorizing right now that's gotta be the gap.

00:31:35.829 --> 00:31:40.105
It is the gap right now, like, but the gap even being greater, right, like what?

00:31:40.125 --> 00:31:40.247
do you?

00:31:40.267 --> 00:31:43.421
mean like the wealth gap growing even greater as that transfers.

00:31:43.421 --> 00:31:49.839
Like because like that's not going to everybody right, like that it's not equally doled out well, no, but like.

00:31:49.941 --> 00:32:09.828
The issue is that we're gonna we're gonna see probably a super strained collapse as all the boomers alive enter into social security dependency right and all of them are collecting off of it and the strain to support them is going to hit everybody.

00:32:09.828 --> 00:32:19.363
No matter how wealthy you are, everyone's going to have to pay more and pay more to support that all that wealth transfer is going to suck back well and well then.

00:32:19.542 --> 00:32:34.785
Once they die off, though, and we start seeing them in droves pass away year after year, people are talking about estimations of like full on geographical impact and redistribution, florida's going to be empty.

00:32:34.785 --> 00:32:38.619
No, dude, I'm not kidding, you're right.

00:32:38.619 --> 00:33:09.986
People are talking about what cities will be ghost towns, like people are talking about what cities will be ghost towns, and there's already commercial consultants going to businesses, consulting businesses of where to pull out of the market and when to do it, because the people who buy their products in that location will be dead for 30 years before millennials get old enough and the the I.

00:33:09.986 --> 00:33:10.472
The concept too, is like there's gonna be.

00:33:10.472 --> 00:33:12.215
The reason like land and houses are and all that are worth a lot right now is because there's a low supply.

00:33:12.215 --> 00:33:31.050
But when people, when all the boomers pass away and we're talking like what happens to bill gates when he passed, when he's dead, right, his stuff's going, his stuff's probably to go into some kind of trust fund of some kind under corporate locking key, but that money means nothing and has no value.

00:33:31.211 --> 00:33:42.867
If there's, I mean not money, but those assets like real estate and land don't do much for banks, because think about it, dude, do you really want to sell your house to the bank.

00:33:42.867 --> 00:33:46.867
No, you know you're never going to get good pay from the bank, right?

00:33:46.867 --> 00:33:55.762
But you know that you can make good money off of your like hard assets, like that by selling it to other people, and the bank knows that too.

00:33:55.762 --> 00:34:05.862
The bank knows, like they don't get to make money off of owning land and property that isn't commercially used and uh, there's not consumer practices on that commercial land.

00:34:05.862 --> 00:34:19.391
And so, like when they're just, when the bank just is holding private land, the bank frigging needs to get that out of their hands and churn it, because the bank makes money by you taking out a mortgage to pay it back in interest to the bank.

00:34:19.391 --> 00:34:21.402
You know, so that's the thing.

00:34:21.724 --> 00:34:39.824
So I think'll see like I think you and I, pat, and then these other millennials that are like it's so hard right now, it's like bro, I don't think they understand that if we just hold out like another 10 years, by the time we're in our 40s there'll be so much damn land for so cheap.

00:34:39.824 --> 00:34:51.260
And if you got the means, if you've got stuff in the market and invested and you're ready to like pull that out for down payments, dude, we will be able to be the next big landowners.

00:34:51.260 --> 00:35:00.307
Like it's just, we just gotta like, because, yes, this, the boomer generation, is living longer than any generation before it and they're so big they own majority of the assets.

00:35:00.307 --> 00:35:08.213
But when they pass away, all that needs to be handed down and put back into the market for the market to make money off of it.

00:35:09.099 --> 00:35:30.512
So because they make up like 25% of our population which is unreal Like look how much like the like great or the silent generation holdovers from World War II when they were going into retirement age made up something like 10% or 11% of the population.

00:35:30.512 --> 00:35:33.387
It was just drastically lower.

00:35:38.184 --> 00:35:43.534
Yeah, it's going to be wild.

00:35:47.760 --> 00:35:50.646
I mean, imagine that, imagine that colorado, where real estate is an unreal expense of that, like it'll become.

00:35:51.248 --> 00:35:53.534
Yeah, it'll still be an expensive investment.

00:35:53.534 --> 00:35:59.981
You're still talking about hundreds of thousands of dollars in a mortgage of some kind, right in a loan of some kind.

00:35:59.981 --> 00:36:14.429
But, dude, if you get the money that you can liquidate out of investments like stocks and stuff which you can buy now, that's going to put you in a place where you're the guy who's got cash in hand and can start doing down payments.

00:36:14.429 --> 00:36:51.594
Or, even better, you maintain those assets and the brokerage that you do that like you have those assets through, or the bank you have those assets through, or the bank you have those assets through, like if you're investing through, like, say, you chase bank account, the bank allows you to take a loan out against your own assets, right, that loan is then used to buy, like, put down payments on anything and you can then, you know, essentially just cover the payment for the loan and you get to then buy, cover the payment for the loan and you get to then buy because you're not buying houses, right, you're probably going to be buying freaking parking lots, malls.

00:36:53.539 --> 00:36:55.340
You're going to be buying states, you're going to be buying apartments, right.

00:36:55.340 --> 00:37:02.166
And so it's like, yeah, I'm going to take a loan out against my stocks so I don't have to sell them.

00:37:02.166 --> 00:37:08.090
There's no taxes on debt, so you don't get taxed on your loan against your own assets.

00:37:08.090 --> 00:37:21.186
And then you just use that loan to get a down payment on revenue generating property that the previous owner's dead and the bank's like we're not making any money off of this.

00:37:21.186 --> 00:37:24.244
We'd make more money if we had a loan that you had to pay back on.

00:37:24.244 --> 00:37:31.255
And then you buy the apartments or the you know the parking lot, whatever, right.

00:37:31.255 --> 00:37:32.963
And then you're like, okay, great, sweet.

00:37:32.963 --> 00:37:38.367
Like we're making money here now, right, my whole dream is essentially to buy a strip mall.

00:37:38.407 --> 00:37:41.039
And just I can think about the people who own strip malls.

00:37:41.039 --> 00:37:43.949
Dude, they don't have to do any of the maintenance for the dry cleaners.

00:37:43.949 --> 00:37:49.210
They just charge the dry cleaners a monthly rate of $3,500 to rent the spot, right?

00:37:49.210 --> 00:37:52.463
Oh, yeah, I don't know, man, my dream is owning that.

00:37:52.463 --> 00:37:53.226
Or parking lots.

00:37:53.226 --> 00:37:57.344
I'm constantly looking for a parking lot to buy.

00:37:57.344 --> 00:38:03.612
Oh, yeah, I'm just like, dude, if I could get a parking lot, that's like the best passive income generator.

00:38:04.512 --> 00:38:05.653
That's hilarious, I love it.

00:38:05.653 --> 00:38:08.657
Oh, that's great, oh man.

00:38:09.338 --> 00:38:10.900
Anyways, sorry, no, yeah.

00:38:10.981 --> 00:38:11.835
Back to the election?

00:38:11.835 --> 00:38:20.528
I guess no, I think the speaking of boomers and other generations.

00:38:20.528 --> 00:38:32.128
I think there's one person I'm particularly excited about being in their position RFK Jr.

00:38:32.128 --> 00:38:49.873
Well, him too, but JD Vance yeah, jd Vance crazy that he's there, he's so young yeah, and one thing that's crazy is that we think he's so young, meaning he is young, but he's 40 years old I mean, I think that what's the last time we had a president that was 40 years old, but obama?

00:38:49.873 --> 00:38:50.655
Was 47.

00:38:50.655 --> 00:38:51.699
Was he really so?

00:38:51.719 --> 00:38:56.072
that's what's crazy is like did he look so much older than that after this first presidency?

00:38:56.340 --> 00:39:00.025
exactly so what's crazy is, obama was 47 years old.

00:39:00.025 --> 00:39:11.782
Uh, bush was 54 when he took office, excuse me, and so over the last you know, uh 8, 12 years.

00:39:11.782 --> 00:39:25.875
We've like really gotten used to some really really old folks uh being around yeah and so I'm excited for, uh, jd vance.

00:39:25.875 --> 00:39:43.686
And, yeah, age is one thing, but also, like I think that what's needs to be, if jd vance was on the left, what would be being celebrated even more about him would be his rags to riches story.

00:39:43.987 --> 00:39:49.989
Oh yeah, you know, and so I did you watch his interview with trump or with uh?

00:39:49.989 --> 00:39:57.248
Um, he was, who else was young, he was on a comedian, another comedian's on pio von's yeah, and like his isn't.

00:39:57.248 --> 00:40:02.920
His interactions with them was so like blue collar.

00:40:02.920 --> 00:40:04.264
He said it was crazy.

00:40:04.264 --> 00:40:05.668

The Mick & Pat Show - The Next Four Years

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