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The Recession Is Coming Faster Than Most Admit · Solving America's Problems

• 0:00
  Alex: James
• 0:00
  Alex: sees
• 0:00
  Alex: a
• 0:00
  Alex: 1970s-style
• 0:01
  Alex: recession
• 0:02
  Alex: forming—NOT
• 0:03
  Alex: a
• 0:03
  Alex: bubble,
• 0:04
  Alex: not
• 0:04
  Alex: a
• 0:04
  Alex: COVID
• 0:05
  Alex: spike—and
• 0:06
  Alex: THIS
• 0:06
  Alex: one
• 0:06
  Alex: scares
• 0:06
  Alex: him
• 0:07
  Alex: more
• 0:07
  Alex: than
• 0:07
  Alex: both.
• 0:08
  Alex: Jerremy
• 0:09
  Alex: presses
• 0:09
  Alex: for
• 0:09
  Alex: what
• 0:09
  Alex: the
• 0:09
  Alex: signals
• 0:10
  Alex: actually
• 0:10
  Alex: look
• 0:10
  Alex: like
• 0:10
  Alex: on
• 0:11
  Alex: the
• 0:11
  Alex: ground,
• 0:11
  Alex: and
• 0:12
  Alex: the
• 0:12
  Alex: honest
• 0:12
  Alex: answer
• 0:13
  Alex: lands
• 0:13
  Alex: hard.
• 0:15
  Alex: Recession
• 0:15
  Alex: Watch
• 0:15
  Alex: James
• 0:16
  Alex: Predicts
• 0:16
  Alex: a
• 0:16
  Alex: 1970s-Style
• 0:18
  Alex: Downturn
• 0:19
  Jerremy: Heck
• 0:20
  Jerremy: yeah.
• 0:21
  Jerremy: Well,
• 0:21
  Jerremy: speaking
• 0:21
  Jerremy: of
• 0:21
  Jerremy: spending
• 0:22
  Jerremy: money
• 0:22
  Jerremy: and
• 0:23
  Jerremy: having
• 0:24
  Jerremy: capital
• 0:24
  Jerremy: and
• 0:24
  Jerremy: being
• 0:25
  Jerremy: prepared,
• 0:27
  Jerremy: you're
• 0:27
  Jerremy: a
• 0:27
  Jerremy: smart
• 0:27
  Jerremy: guy,
• 0:27
  Jerremy: dude.
• 0:28
  Jerremy: I
• 0:28
  Jerremy: like
• 0:28
  Jerremy: talking
• 0:28
  Jerremy: to
• 0:28
  Jerremy: you
• 0:29
  Jerremy: and
• 0:29
  Jerremy: you're
• 0:29
  Jerremy: always
• 0:29
  Jerremy: very,
• 0:30
  Jerremy: you
• 0:30
  Jerremy: always
• 0:31
  Jerremy: have
• 0:31
  Jerremy: a
• 0:31
  Jerremy: very
• 0:31
  Jerremy: good,
• 0:31
  Jerremy: big
• 0:32
  Jerremy: macro
• 0:32
  Jerremy: perspective,
• 0:33
  Jerremy: I
• 0:33
  Jerremy: feel
• 0:33
  Jerremy: like.
• 0:34
  Jerremy: And
• 0:34
  Jerremy: you
• 0:35
  Jerremy: said.
• 0:36
  Jerremy: Three
• 0:36
  Jerremy: to
• 0:36
  Jerremy: six
• 0:37
  Jerremy: months
• 0:37
  Jerremy: from
• 0:37
  Jerremy: a
• 0:37
  Jerremy: recession
• 0:38
  Jerremy: at
• 0:38
  Jerremy: some
• 0:38
  Jerremy: point,
• 0:39
  Jerremy: or
• 0:39
  Jerremy: that's
• 0:39
  Jerremy: how
• 0:39
  Jerremy: you
• 0:39
  Jerremy: feel
• 0:40
  Jerremy: like
• 0:40
  Jerremy: we
• 0:40
  Jerremy: are
• 0:40
  Jerremy: right
• 0:40
  Jerremy: now,
• 0:41
  Jerremy: current,
• 0:41
  Jerremy: present
• 0:42
  Jerremy: day,
• 0:42
  Jerremy: for
• 0:42
  Jerremy: those
• 0:42
  Jerremy: who
• 0:42
  Jerremy: are
• 0:42
  Jerremy: listening
• 0:43
  Jerremy: to
• 0:43
  Jerremy: this
• 0:43
  Jerremy: podcast
• 0:44
  Jerremy: in
• 0:44
  Jerremy: real
• 0:44
  Jerremy: time.
• 0:45
  Jerremy: And
• 0:45
  Jerremy: your
• 0:46
  Jerremy: read
• 0:47
  Jerremy: is,
• 0:48
  Jerremy: is
• 0:48
  Jerremy: like
• 0:48
  Jerremy: a
• 0:48
  Jerremy: Jimmy
• 0:48
  Jerremy: Carter
• 0:49
  Jerremy: late
• 0:49
  Jerremy: seventies
• 0:50
  Jerremy: recession.
• 0:51
  Jerremy: Not,
• 0:51
  Jerremy: not
• 0:51
  Jerremy: a
• 0:52
  Jerremy: 20,
• 0:53
  Jerremy: not
• 0:53
  Jerremy: a
• 0:53
  Jerremy: 2001
• 0:54
  Jerremy: like
• 0:55
  Jerremy: tech
• 0:55
  Jerremy: bubble,
• 0:56
  Jerremy: AI
• 0:56
  Jerremy: bubble
• 0:56
  Jerremy: kind
• 0:56
  Jerremy: of
• 0:56
  Jerremy: thing,
• 0:57
  Jerremy: and
• 0:57
  Jerremy: not
• 0:57
  Jerremy: COVID,
• 0:57
  Jerremy: which
• 0:58
  Jerremy: was
• 0:59
  Jerremy: macro
• 0:59
  Jerremy: and
• 1:00
  Jerremy: fast
• 1:00
  Jerremy: and
• 1:00
  Jerremy: quick
• 1:01
  Jerremy: and
• 1:01
  Jerremy: spread
• 1:01
  Jerremy: out
• 1:02
  Jerremy: and
• 1:02
  Jerremy: delayed
• 1:02
  Jerremy: and
• 1:03
  Jerremy: immediate
• 1:03
  Jerremy: at
• 1:03
  Jerremy: the
• 1:03
  Jerremy: same
• 1:03
  Jerremy: time.
• 1:04
  Jerremy: Walk
• 1:04
  Jerremy: us
• 1:05
  Jerremy: through
• 1:05
  Jerremy: what
• 1:05
  Jerremy: you're
• 1:06
  Jerremy: seeing
• 1:06
  Jerremy: that
• 1:06
  Jerremy: makes
• 1:06
  Jerremy: you
• 1:07
  Jerremy: land
• 1:08
  Jerremy: late
• 1:08
  Jerremy: seventies
• 1:09
  Jerremy: Jimmy
• 1:09
  Jerremy: Carter
• 1:09
  Jerremy: recession.
• 1:10
  Dave: Hey.
• 1:11
  Dave: And,
• 1:11
  Dave: and
• 1:11
  Dave: if
• 1:11
  Dave: you
• 1:11
  Dave: could,
• 1:12
  Dave: and
• 1:12
  Dave: if
• 1:12
  Dave: you
• 1:12
  Dave: could
• 1:12
  Dave: tell
• 1:13
  Dave: our,
• 1:13
  Dave: our,
• 1:13
  Dave: younger
• 1:14
  Dave: listens,
• 1:14
  Dave: listen.
• 1:15
  Dave: As
• 1:15
  Dave: what
• 1:15
  Dave: that
• 1:15
  Dave: was
• 1:16
  Jerremy: Yeah.
• 1:17
  James Klein: What
• 1:17
  James Klein: that
• 1:17
  James Klein: was
• 1:17
  James Klein: like
• 1:18
  James Klein: was
• 1:18
  James Klein: gas
• 1:18
  James Klein: lines
• 1:19
  Dave: Yeah.
• 1:20
  James Klein: in
• 1:20
  James Klein: that
• 1:22
  James Klein: the
• 1:22
  James Klein: Middle
• 1:22
  James Klein: East.
• 1:23
  James Klein: Cut
• 1:23
  James Klein: down
• 1:24
  James Klein: vastly
• 1:25
  James Klein: in
• 1:25
  James Klein: the
• 1:25
  James Klein: supply
• 1:26
  James Klein: of
• 1:26
  James Klein: gas
• 1:27
  James Klein: to
• 1:27
  James Klein: the
• 1:27
  James Klein: rest
• 1:27
  James Klein: oil
• 1:27
  James Klein: to
• 1:28
  James Klein: the
• 1:28
  James Klein: rest
• 1:28
  James Klein: of
• 1:28
  James Klein: the
• 1:28
  James Klein: world.
• 1:29
  James Klein: OPEC
• 1:30
  James Klein: asserted
• 1:30
  James Klein: itself,
• 1:31
  James Klein: so
• 1:32
  James Klein: literally
• 1:32
  James Klein: for
• 1:33
  James Klein: the
• 1:33
  James Klein: young
• 1:33
  James Klein: people,
• 1:33
  James Klein: like
• 1:34
  James Klein: look
• 1:34
  James Klein: it
• 1:34
  James Klein: up
• 1:34
  James Klein: on
• 1:34
  James Klein: Google,
• 1:35
  Dave: Mm-hmm.
• 1:36
  James Klein: people
• 1:36
  James Klein: would
• 1:36
  James Klein: literally
• 1:37
  James Klein: line
• 1:37
  James Klein: up
• 1:37
  James Klein: for
• 1:38
  James Klein: an
• 1:38
  James Klein: hour
• 1:38
  James Klein: or
• 1:38
  James Klein: more
• 1:38
  James Klein: to
• 1:38
  James Klein: get
• 1:39
  James Klein: gas
• 1:39
  James Klein: to
• 1:39
  James Klein: put
• 1:39
  James Klein: in
• 1:39
  James Klein: their
• 1:40
  James Klein: car.
• 1:40
  James Klein: Quite
• 1:41
  James Klein: often
• 1:41
  James Klein: they
• 1:41
  James Klein: were
• 1:41
  James Klein: limited
• 1:42
  James Klein: as
• 1:42
  James Klein: to
• 1:42
  James Klein: how
• 1:42
  James Klein: much
• 1:42
  James Klein: gas
• 1:43
  James Klein: they
• 1:43
  James Klein: could
• 1:43
  James Klein: put
• 1:43
  James Klein: in
• 1:43
  James Klein: because
• 1:44
  James Klein: supplies
• 1:44
  James Klein: were
• 1:44
  James Klein: so
• 1:45
  James Klein: limited.
• 1:46
  James Klein: my
• 1:46
  James Klein: sense
• 1:47
  James Klein: with
• 1:48
  James Klein: the
• 1:48
  James Klein: current
• 1:49
  James Klein: oil
• 1:49
  James Klein: situation
• 1:51
  James Klein: and
• 1:51
  James Klein: while
• 1:51
  James Klein: yes,
• 1:52
  James Klein: the
• 1:53
  James Klein: US
• 1:53
  James Klein: and
• 1:53
  James Klein: Canada
• 1:54
  James Klein: are
• 1:54
  James Klein: oil
• 1:55
  James Klein: independent
• 1:57
  James Klein: and
• 1:57
  James Klein: can
• 1:57
  James Klein: supply
• 1:58
  James Klein: our
• 1:58
  James Klein: own
• 1:58
  James Klein: needs,
• 1:59
  James Klein: we
• 2:00
  James Klein: are
• 2:00
  James Klein: still
• 2:00
  James Klein: very
• 2:00
  James Klein: much
• 2:01
  James Klein: a
• 2:01
  James Klein: global
• 2:01
  James Klein: economy.
• 2:02
  James Klein: And
• 2:03
  James Klein: if
• 2:03
  James Klein: oil
• 2:04
  James Klein: stays
• 2:04
  James Klein: at
• 2:04
  James Klein: these
• 2:04
  James Klein: prices.
• 2:06
  James Klein: I
• 2:06
  James Klein: am
• 2:06
  James Klein: expecting
• 2:07
  James Klein: inflation
• 2:08
  James Klein: that
• 2:09
  James Klein: will
• 2:09
  James Klein: be
• 2:09
  James Klein: quite
• 2:09
  James Klein: high.
• 2:10
  James Klein: And
• 2:12
  James Klein: again,
• 2:12
  James Klein: the
• 2:12
  James Klein: people
• 2:12
  James Klein: who,
• 2:13
  James Klein: who
• 2:13
  James Klein: came
• 2:13
  James Klein: of
• 2:13
  James Klein: age
• 2:15
  James Klein: after
• 2:15
  James Klein: 2008
• 2:17
  James Klein: were
• 2:18
  James Klein: very
• 2:18
  James Klein: spoiled
• 2:20
  James Klein: they
• 2:20
  James Klein: saw
• 2:20
  James Klein: interest
• 2:20
  James Klein: rates
• 2:21
  James Klein: at
• 2:21
  James Klein: 1%,
• 2:22
  James Klein: half
• 2:22
  James Klein: a
• 2:22
  James Klein: percent
• 2:23
  James Klein: zero.
• 2:24
  Jerremy: Yeah,
• 2:25
  Jerremy: yeah,
• 2:25
  Jerremy: yeah,
• 2:25
  Jerremy: yeah.
• 2:26
  James Klein: I'm
• 2:26
  James Klein: old
• 2:26
  James Klein: enough
• 2:26
  James Klein: to
• 2:26
  James Klein: remember
• 2:27
  James Klein: 15,
• 2:27
  James Klein: 16,
• 2:28
  James Klein: 18%
• 2:29
  James Klein: interest
• 2:29
  James Klein: rates
• 2:30
  James Klein: on
• 2:30
  James Klein: mortgages
• 2:31
  James Klein: and
• 2:31
  James Klein: business
• 2:31
  James Klein: loans,
• 2:33
  James Klein: So,
• 2:33
  Jerremy: Hey,
• 2:34
  Jerremy: Dave,
• 2:34
  Jerremy: do
• 2:34
  Jerremy: you,
• 2:34
  Jerremy: do
• 2:34
  Jerremy: you
• 2:34
  Jerremy: know
• 2:34
  Jerremy: that
• 2:35
  Jerremy: too?
• 2:35
  Jerremy: Do
• 2:35
  Jerremy: you?
• 2:36
  Dave: It's
• 2:36
  Dave: our
• 2:36
  Dave: running
• 2:37
  Dave: joke.
• 2:37
  Dave: da.
• 2:38
  Dave: You
• 2:38
  Dave: know,
• 2:38
  Dave: I
• 2:38
  Dave: am,
• 2:38
  Dave: I
• 2:39
  Dave: am.
• 2:40
  Dave: You
• 2:40
  Dave: know,
• 2:40
  Dave: I'm
• 2:40
  Dave: the
• 2:40
  Dave: old
• 2:41
  Dave: man.
• 2:42
  Jerremy: Yeah.
• 2:44
  James Klein: Right.
• 2:44
  James Klein: So
• 2:45
  James Klein: you
• 2:45
  James Klein: know
• 2:46
  James Klein: like
• 2:46
  James Klein: when
• 2:46
  James Klein: I
• 2:46
  James Klein: hear
• 2:46
  James Klein: people
• 2:47
  James Klein: complain
• 2:47
  James Klein: that
• 2:47
  James Klein: interest
• 2:48
  James Klein: rates
• 2:48
  James Klein: are
• 2:48
  James Klein: 5%
• 2:49
  James Klein: and
• 2:49
  James Klein: oh
• 2:49
  James Klein: my
• 2:49
  James Klein: God,
• 2:50
  James Klein: they're
• 2:50
  James Klein: so
• 2:50
  James Klein: high,
• 2:50
  James Klein: it's
• 2:51
  James Klein: not
• 2:51
  James Klein: sustainable.
• 2:52
  James Klein: Yeah,
• 2:52
  Dave: Yeah.
• 2:53
  James Klein: that's
• 2:53
  James Klein: based
• 2:53
  James Klein: on
• 2:54
  James Klein: a
• 2:54
  James Klein: very
• 2:54
  James Klein: short
• 2:55
  James Klein: window
• 2:55
  James Klein: of
• 2:55
  James Klein: information.
• 2:56
  Jerremy: Exactly
• 2:57
  Jerremy: right.
• 2:57
  James Klein: to
• 2:57
  James Klein: the
• 2:57
  James Klein: seventies
• 2:58
  James Klein: and
• 2:58
  James Klein: e
• 2:59
  James Klein: and
• 2:59
  James Klein: eighties,
• 3:00
  James Klein: you
• 3:00
  James Klein: would
• 3:00
  James Klein: put
• 3:01
  James Klein: your
• 3:01
  James Klein: money
• 3:01
  James Klein: in
• 3:01
  James Klein: a
• 3:01
  James Klein: savings
• 3:02
  James Klein: account
• 3:02
  James Klein: and
• 3:03
  James Klein: earn
• 3:03
  James Klein: five
• 3:03
  James Klein: or
• 3:03
  James Klein: 6%
• 3:04
  James Klein: interest.
• 3:05
  James Klein: So
• 3:07
  James Klein: everything
• 3:07
  James Klein: post
• 3:08
  James Klein: 2008
• 3:09
  James Klein: up
• 3:09
  James Klein: until
• 3:11
  James Klein: outta
• 3:11
  James Klein: COVID
• 3:12
  James Klein: when
• 3:12
  James Klein: interest
• 3:12
  James Klein: rates
• 3:13
  James Klein: went
• 3:13
  James Klein: up
• 3:14
  James Klein: was
• 3:14
  James Klein: very
• 3:15
  James Klein: atypical.
• 3:15
  James Klein: If
• 3:16
  James Klein: you
• 3:16
  James Klein: look
• 3:16
  James Klein: back
• 3:17
  James Klein: at
• 3:17
  James Klein: the
• 3:17
  James Klein: last
• 3:17
  James Klein: 50
• 3:18
  James Klein: or
• 3:18
  James Klein: a
• 3:18
  James Klein: hundred
• 3:18
  James Klein: years.
• 3:20
  James Klein: A
• 3:20
  James Klein: little
• 3:20
  James Klein: bit
• 3:20
  James Klein: of
• 3:20
  James Klein: inflation
• 3:21
  James Klein: is
• 3:21
  James Klein: good
• 3:21
  James Klein: for
• 3:22
  James Klein: the
• 3:22
  James Klein: economy.
• 3:22
  James Klein: It
• 3:22
  James Klein: stimulates
• 3:23
  James Klein: growth,
• 3:24
  James Klein: but
• 3:24
  James Klein: that's
• 3:24
  James Klein: two
• 3:25
  James Klein: to
• 3:25
  James Klein: 3%
• 3:25
  James Klein: inflation
• 3:27
  James Klein: if
• 3:27
  James Klein: gas
• 3:28
  James Klein: stays
• 3:28
  James Klein: where
• 3:28
  James Klein: it
• 3:29
  James Klein: is,
• 3:29
  James Klein: and
• 3:30
  James Klein: it's
• 3:30
  James Klein: very
• 3:30
  James Klein: expensive
• 3:31
  James Klein: in
• 3:31
  James Klein: Canada
• 3:31
  James Klein: right
• 3:32
  James Klein: now,
• 3:32
  James Klein: and
• 3:32
  James Klein: I
• 3:32
  James Klein: watch
• 3:33
  James Klein: the
• 3:33
  James Klein: US
• 3:33
  James Klein: News
• 3:34
  James Klein: and
• 3:34
  James Klein: I'm
• 3:34
  James Klein: seeing
• 3:35
  James Klein: $5
• 3:35
  James Klein: and
• 3:36
  James Klein: $6
• 3:36
  James Klein: gas
• 3:37
  James Klein: depending
• 3:38
  James Klein: on
• 3:38
  James Klein: where
• 3:38
  James Klein: people
• 3:38
  James Klein: are
• 3:39
  James Klein: in
• 3:39
  James Klein: the
• 3:39
  James Klein: us.
• 3:40
  James Klein: That
• 3:41
  James Klein: is
• 3:41
  James Klein: going
• 3:41
  James Klein: to
• 3:41
  James Klein: have
• 3:42
  James Klein: a
• 3:42
  James Klein: massive
• 3:43
  James Klein: impact
• 3:44
  Jerremy: Massive
• 3:44
  Jerremy: bro.
• 3:45
  James Klein: of
• 3:45
  James Klein: everything.
• 3:46
  Jerremy: Everything.
• 3:47
  James Klein: last
• 3:48
  James Klein: week
• 3:48
  James Klein: just
• 3:48
  James Klein: announced
• 3:49
  James Klein: an
• 3:49
  James Klein: 8%
• 3:50
  James Klein: surcharge
• 3:51
  James Klein: on
• 3:51
  James Klein: all
• 3:51
  James Klein: packages
• 3:52
  James Klein: starting
• 3:53
  James Klein: April
• 3:53
  James Klein: 1st
• 3:54
  James Klein: because
• 3:54
  James Klein: fuel
• 3:54
  James Klein: costs
• 3:55
  James Klein: are
• 3:55
  James Klein: going
• 3:55
  James Klein: up.
• 3:56
  Dave: no
• 3:56
  James Klein: I've
• 3:56
  James Klein: got,
• 3:57
  James Klein: I've
• 3:57
  James Klein: got
• 3:57
  James Klein: clients
• 3:58
  James Klein: moving
• 3:58
  James Klein: stuff
• 3:58
  James Klein: by
• 3:59
  James Klein: truck
• 3:59
  James Klein: from
• 3:59
  James Klein: a
• 3:59
  James Klein: manufacturer
• 4:00
  James Klein: to
• 4:00
  James Klein: a
• 4:00
  James Klein: three
• 4:01
  James Klein: pl.
• 4:02
  James Klein: Shipping
• 4:03
  James Klein: rates
• 4:03
  James Klein: have
• 4:03
  James Klein: gone
• 4:03
  James Klein: up
• 4:04
  James Klein: in
• 4:04
  James Klein: the
• 4:04
  James Klein: last
• 4:04
  James Klein: month.
• 4:05
  James Klein: So
• 4:07
  James Klein: number
• 4:07
  James Klein: one,
• 4:08
  James Klein: I
• 4:08
  James Klein: think
• 4:08
  James Klein: even
• 4:08
  James Klein: if
• 4:08
  James Klein: this
• 4:09
  James Klein: gets
• 4:09
  James Klein: resolved
• 4:10
  James Klein: and
• 4:10
  James Klein: gas
• 4:10
  James Klein: goes
• 4:11
  James Klein: back
• 4:11
  James Klein: to
• 4:11
  James Klein: where
• 4:12
  James Klein: it
• 4:12
  James Klein: was,
• 4:13
  James Klein: everybody
• 4:14
  James Klein: who
• 4:14
  James Klein: raised
• 4:15
  James Klein: their
• 4:15
  James Klein: prices
• 4:15
  James Klein: because
• 4:16
  James Klein: of
• 4:16
  James Klein: the
• 4:16
  James Klein: high
• 4:16
  James Klein: gas
• 4:16
  James Klein: price,
• 4:17
  James Klein: maybe
• 4:17
  James Klein: we'll
• 4:18
  James Klein: cut,
• 4:18
  James Klein: cut
• 4:18
  James Klein: back
• 4:19
  James Klein: a
• 4:19
  James Klein: little
• 4:19
  James Klein: bit,
• 4:19
  James Klein: but
• 4:19
  James Klein: they're
• 4:19
  James Klein: not
• 4:20
  James Klein: gonna
• 4:20
  James Klein: go
• 4:20
  James Klein: where
• 4:20
  James Klein: it
• 4:20
  James Klein: was
• 4:22
  James Klein: the
• 4:22
  James Klein: last
• 4:24
  James Klein: plus
• 4:24
  James Klein: days.
• 4:25
  James Klein: So
• 4:25
  James Klein: I'm
• 4:26
  James Klein: expecting
• 4:26
  James Klein: inflation
• 4:28
  James Klein: to
• 4:28
  James Klein: be
• 4:28
  James Klein: probably.
• 4:30
  James Klein: 5%
• 4:31
  James Klein: or
• 4:31
  James Klein: greater.
• 4:33
  James Klein: So
• 4:33
  James Klein: I
• 4:33
  James Klein: think
• 4:33
  James Klein: the
• 4:33
  James Klein: chance
• 4:34
  James Klein: of
• 4:34
  James Klein: a
• 4:34
  James Klein: Fed
• 4:35
  James Klein: rate
• 4:35
  James Klein: cut
• 4:36
  James Klein: no
• 4:36
  James Klein: matter
• 4:37
  James Klein: what
• 4:37
  James Klein: happens
• 4:37
  James Klein: after
• 4:38
  James Klein: Powell's
• 4:38
  James Klein: gone
• 4:39
  James Klein: based
• 4:39
  James Klein: on
• 4:40
  James Klein: the
• 4:40
  James Klein: underlying
• 4:40
  James Klein: metrics,
• 4:41
  James Klein: I
• 4:41
  James Klein: don't
• 4:41
  James Klein: think
• 4:41
  James Klein: anybody's
• 4:42
  James Klein: gonna
• 4:42
  James Klein: be
• 4:42
  James Klein: able
• 4:43
  James Klein: to
• 4:43
  James Klein: cut
• 4:43
  James Klein: interest
• 4:43
  James Klein: rates
• 4:44
  James Klein: 'cause
• 4:44
  James Klein: that
• 4:45
  James Klein: will
• 4:45
  James Klein: just
• 4:45
  James Klein: fuel
• 4:45
  James Klein: more
• 4:46
  James Klein: inflation.
• 4:47
  James Klein: So
• 4:48
  James Klein: we
• 4:48
  James Klein: could
• 4:48
  James Klein: get
• 4:48
  James Klein: into
• 4:48
  James Klein: one
• 4:49
  James Klein: of
• 4:49
  James Klein: those
• 4:49
  James Klein: spirals
• 4:51
  James Klein: It
• 4:51
  James Klein: just,
• 4:52
  James Klein: it's
• 4:52
  James Klein: absolutely
• 4:53
  James Klein: disastrous
• 4:55
  James Klein: losses
• 4:55
  James Klein: over
• 4:56
  James Klein: the
• 4:56
  James Klein: last
• 4:56
  James Klein: six
• 4:56
  James Klein: months.
• 4:57
  James Klein: If
• 4:57
  James Klein: you
• 4:57
  James Klein: look
• 4:57
  James Klein: at
• 4:57
  James Klein: the,
• 4:59
  James Klein: the
• 4:59
  James Klein: labor
• 4:59
  James Klein: numbers,
• 5:00
  James Klein: job
• 5:01
  James Klein: jobs
• 5:01
  James Klein: are
• 5:02
  James Klein: actually
• 5:02
  James Klein: being
• 5:02
  James Klein: lost
• 5:03
  James Klein: rather
• 5:03
  James Klein: than
• 5:03
  James Klein: being
• 5:03
  James Klein: created.
• 5:05
  James Klein: when
• 5:05
  James Klein: you
• 5:05
  James Klein: pair
• 5:06
  James Klein: high
• 5:06
  James Klein: inflation,
• 5:08
  James Klein: high
• 5:08
  James Klein: interest
• 5:08
  James Klein: rates,
• 5:09
  James Klein: high
• 5:09
  James Klein: gas
• 5:10
  James Klein: with
• 5:11
  James Klein: a
• 5:11
  James Klein: lack
• 5:11
  James Klein: of
• 5:11
  James Klein: jobs.
• 5:12
  James Klein: That
• 5:13
  James Klein: has
• 5:13
  James Klein: the
• 5:13
  James Klein: potential
• 5:14
  James Klein: to
• 5:14
  James Klein: get
• 5:14
  James Klein: really
• 5:15
  James Klein: ugly,
• 5:15
  James Klein: and
• 5:16
  James Klein: I
• 5:16
  James Klein: don't
• 5:16
  James Klein: think
• 5:16
  James Klein: it'll
• 5:16
  James Klein: be
• 5:17
  James Klein: one
• 5:17
  James Klein: of
• 5:17
  James Klein: those
• 5:17
  James Klein: one
• 5:18
  James Klein: or
• 5:18
  James Klein: two
• 5:18
  James Klein: quarter
• 5:18
  James Klein: recessions.
• 5:19
  James Klein: And
• 5:20
  James Klein: I
• 5:20
  James Klein: know
• 5:20
  James Klein: a
• 5:20
  James Klein: recession
• 5:21
  James Klein: by
• 5:21
  James Klein: definition
• 5:22
  James Klein: is
• 5:22
  James Klein: two
• 5:22
  James Klein: quarters
• 5:23
  James Klein: of
• 5:23
  James Klein: negative
• 5:23
  James Klein: growth.
• 5:24
  James Klein: I
• 5:24
  James Klein: think
• 5:24
  James Klein: it
• 5:24
  James Klein: could
• 5:25
  James Klein: be
• 5:25
  James Klein: a
• 5:25
  James Klein: longer
• 5:26
  James Klein: one
• 5:26
  James Klein: for
• 5:26
  James Klein: sure.
• 5:27
  Jerremy: Yeah.
• 5:27
  Jerremy: And
• 5:28
  Jerremy: a
• 5:28
  Jerremy: quick
• 5:28
  Jerremy: history
• 5:28
  Jerremy: lesson
• 5:28
  Jerremy: for
• 5:29
  Jerremy: our
• 5:29
  Jerremy: listeners.
• 5:29
  Jerremy: So
• 5:30
  Jerremy: in
• 5:30
  Jerremy: 19,
• 5:31
  Jerremy: 1973,
• 5:33
  Jerremy: January,
• 5:34
  Jerremy: US
• 5:34
  Jerremy: markets
• 5:35
  Jerremy: dropped
• 5:36
  Jerremy: almost
• 5:36
  Jerremy: 50%,
• 5:37
  Jerremy: to
• 5:37
  Jerremy: 1974.
• 5:39
  Jerremy: So
• 5:39
  Jerremy: 1973
• 5:40
  Jerremy: to
• 5:40
  Jerremy: 1975.
• 5:41
  Jerremy: Those
• 5:42
  Jerremy: two
• 5:42
  Jerremy: years.
• 5:43
  Jerremy: 50%
• 5:43
  Jerremy: decline.
• 5:44
  Jerremy: And
• 5:45
  Jerremy: then
• 5:45
  Jerremy: 1976
• 5:48
  Jerremy: to
• 5:48
  Jerremy: 1978,
• 5:49
  Jerremy: we
• 5:49
  Jerremy: had
• 5:49
  Jerremy: another
• 5:49
  Jerremy: 25%
• 5:50
  Jerremy: drop.
• 5:51
  Jerremy: And
• 5:51
  Jerremy: really
• 5:52
  Jerremy: the
• 5:52
  Jerremy: overall
• 5:52
  Jerremy: markets
• 5:53
  Jerremy: felt
• 5:53
  Jerremy: like
• 5:54
  Jerremy: they
• 5:54
  Jerremy: were
• 5:54
  Jerremy: doing
• 5:54
  Jerremy: nothing.
• 5:55
  Jerremy: they
• 5:55
  Jerremy: stayed
• 5:56
  Jerremy: relatively
• 5:56
  Jerremy: flat,
• 5:57
  Jerremy: relatively
• 5:57
  Jerremy: sideways
• 5:58
  Jerremy: until
• 5:59
  Jerremy: the
• 5:59
  Jerremy: early
• 5:59
  Jerremy: eighties.
• 6:00
  Jerremy: So
• 6:00
  Jerremy: 19
• 6:01
  Jerremy: 82,
• 6:01
  Jerremy: 19
• 6:02
  Jerremy: 83,
• 6:03
  Jerremy: or
• 6:03
  Jerremy: we
• 6:03
  Jerremy: finally,
• 6:04
  Jerremy: finally
• 6:04
  Jerremy: started
• 6:04
  Jerremy: going
• 6:04
  Jerremy: higher.
• 6:05
  Jerremy: So
• 6:05
  Jerremy: that,
• 6:06
  Jerremy: to
• 6:06
  Jerremy: your
• 6:06
  Jerremy: point,
• 6:06
  Jerremy: man.
• 6:07
  Jerremy: I
• 6:07
  Jerremy: also
• 6:08
  Jerremy: feel
• 6:08
  Jerremy: like
• 6:08
  Jerremy: five
• 6:08
  Jerremy: to
• 6:08
  Jerremy: 6%
• 6:09
  Jerremy: inflation.
• 6:10
  Jerremy: or,
• 6:10
  Jerremy: and
• 6:10
  Jerremy: sorry,
• 6:11
  Jerremy: five.
• 6:11
  Jerremy: To
• 6:11
  Jerremy: 6%
• 6:12
  Jerremy: interest
• 6:12
  Jerremy: rates
• 6:13
  Jerremy: are
• 6:14
  Jerremy: normal
• 6:14
  Jerremy: and
• 6:15
  Jerremy: good,
• 6:15
  Jerremy: and
• 6:15
  Jerremy: healthy
• 6:15
  Jerremy: and
• 6:16
  Jerremy: sustainable.
• 6:17
  Jerremy: I
• 6:17
  Jerremy: also
• 6:17
  Jerremy: totally
• 6:18
  Jerremy: agree
• 6:18
  Jerremy: with
• 6:18
  Jerremy: you
• 6:18
  Jerremy: that
• 6:19
  Jerremy: the
• 6:19
  Jerremy: business
• 6:20
  Jerremy: owners
• 6:20
  Jerremy: right
• 6:21
  Jerremy: now,
• 6:21
  Jerremy: or
• 6:21
  Jerremy: the
• 6:21
  Jerremy: people
• 6:22
  Jerremy: that
• 6:22
  Jerremy: want
• 6:22
  Jerremy: to
• 6:22
  Jerremy: go
• 6:23
  Jerremy: into
• 6:23
  Jerremy: business
• 6:23
  Jerremy: or
• 6:23
  Jerremy: the
• 6:23
  Jerremy: people
• 6:24
  Jerremy: that
• 6:24
  Jerremy: are
• 6:24
  Jerremy: going
• 6:24
  Jerremy: to
• 6:24
  Jerremy: school
• 6:25
  Jerremy: or
• 6:25
  Jerremy: going
• 6:25
  Jerremy: to
• 6:25
  Jerremy: college,
• 6:26
  Jerremy: you
• 6:26
  Jerremy: have
• 6:26
  Jerremy: to
• 6:26
  Jerremy: keep
• 6:27
  Jerremy: in
• 6:27
  Jerremy: mind
• 6:27
  Jerremy: that
• 6:27
  Jerremy: there's
• 6:27
  Jerremy: always
• 6:28
  Jerremy: gonna
• 6:28
  Jerremy: be
• 6:28
  Jerremy: some
• 6:28
  Jerremy: shifts
• 6:29
  Jerremy: that
• 6:29
  Jerremy: are
• 6:29
  Jerremy: gonna
• 6:29
  Jerremy: be
• 6:29
  Jerremy: happening
• 6:30
  Jerremy: at
• 6:30
  Jerremy: some
• 6:30
  Jerremy: point.
• 6:30
  Jerremy: And
• 6:31
  Jerremy: this
• 6:31
  Jerremy: is,
• 6:32
  Jerremy: this
• 6:32
  Jerremy: is
• 6:32
  Jerremy: one
• 6:32
  Jerremy: of
• 6:32
  Jerremy: them
• 6:32
  Jerremy: that's
• 6:33
  Jerremy: right
• 6:33
  Jerremy: in
• 6:33
  Jerremy: front
• 6:33
  Jerremy: of
• 6:33
  Jerremy: our
• 6:33
  Jerremy: face.
• 6:34
  Jerremy: I
• 6:34
  Jerremy: mean,
• 6:34
  Jerremy: it
• 6:34
  Jerremy: is
• 6:35
  Jerremy: right
• 6:36
  Jerremy: there,
• 6:36
  Jerremy: right
• 6:37
  Jerremy: now.
• 6:38
  James Klein: Very
• 6:38
  James Klein: much
• 6:39
  James Klein: so,
• 6:39
  James Klein: and
• 6:39
  James Klein: you
• 6:39
  James Klein: know,
• 6:39
  James Klein: people
• 6:40
  James Klein: spending
• 6:40
  James Klein: a
• 6:40
  James Klein: couple
• 6:40
  James Klein: of
• 6:41
  James Klein: hundred
• 6:41
  James Klein: thousand
• 6:41
  James Klein: dollars
• 6:42
  James Klein: to
• 6:42
  James Klein: get
• 6:42
  James Klein: a
• 6:42
  James Klein: degree
• 6:42
  James Klein: in
• 6:43
  James Klein: art
• 6:43
  James Klein: history.
• 6:45
  James Klein: You
• 6:45
  James Klein: know,
• 6:45
  James Klein: what
• 6:45
  James Klein: kind
• 6:45
  James Klein: of,
• 6:45
  James Klein: and
• 6:46
  James Klein: no,
• 6:47
  James Klein: no
• 6:47
  James Klein: disrespect
• 6:47
  James Klein: to
• 6:48
  James Klein: the
• 6:48
  James Klein: art
• 6:48
  James Klein: history
• 6:48
  James Klein: majors.
• 6:50
  James Klein: Like
• 6:50
  James Klein: what
• 6:50
  James Klein: job
• 6:51
  James Klein: is
• 6:51
  James Klein: waiting
• 6:51
  James Klein: for
• 6:51
  James Klein: you
• 6:52
  James Klein: at
• 6:52
  James Klein: the
• 6:52
  James Klein: end
• 6:52
  James Klein: of
• 6:52
  James Klein: that
• 6:52
  James Klein: path?
• 6:53
  James Klein: maybe
• 6:54
  James Klein: you
• 6:54
  James Klein: had
• 6:54
  James Klein: four
• 6:54
  James Klein: great
• 6:54
  James Klein: years
• 6:55
  James Klein: at
• 6:55
  James Klein: school
• 6:55
  James Klein: and
• 6:55
  James Klein: you
• 6:56
  James Klein: partied
• 6:56
  James Klein: and
• 6:57
  James Klein: you
• 6:57
  James Klein: learned
• 6:57
  James Klein: something,
• 6:59
  James Klein: but
• 7:00
  James Klein: do
• 7:00
  James Klein: you
• 7:00
  James Klein: have
• 7:00
  James Klein: any
• 7:00
  James Klein: marketable
• 7:01
  James Klein: skills?
• 7:03
  James Klein: you
• 7:03
  James Klein: know,
• 7:03
  James Klein: AI
• 7:04
  James Klein: will
• 7:04
  James Klein: definitely
• 7:05
  James Klein: change
• 7:06
  James Klein: some
• 7:07
  James Klein: things.
• 7:08
  James Klein: I
• 7:08
  James Klein: don't
• 7:08
  James Klein: think
• 7:08
  James Klein: it's
• 7:09
  James Klein: going
• 7:09
  James Klein: to
• 7:09
  James Klein: eliminate
• 7:10
  James Klein: as
• 7:10
  James Klein: many
• 7:10
  James Klein: jobs
• 7:11
  James Klein: as
• 7:11
  James Klein: some
• 7:12
  James Klein: of
• 7:12
  James Klein: the
• 7:12
  James Klein: naysayers
• 7:13
  James Klein: are
• 7:15
  James Klein: postulating
• 7:16
  James Klein: all
• 7:16
  James Klein: over
• 7:16
  James Klein: the
• 7:16
  James Klein: internet.
• 7:17
  James Klein: But
• 7:18
  James Klein: AI
• 7:19
  James Klein: will
• 7:19
  James Klein: definitely
• 7:20
  James Klein: have
• 7:20
  James Klein: an
• 7:20
  James Klein: impact
• 7:20
  James Klein: on
• 7:20
  James Klein: the
• 7:21
  James Klein: job
• 7:21
  James Klein: market
• 7:21
  James Klein: moving
• 7:21
  James Klein: forward.
• 7:23
  Dave: Well,
• 7:23
  Jerremy: Oh
• 7:23
  Jerremy: yeah.
• 7:24
  Dave: yeah,
• 7:24
  Dave: let's
• 7:24
  Dave: talk
• 7:24
  Dave: about
• 7:25
  Dave: that
• 7:25
  Dave: a
• 7:25
  Dave: little
• 7:25
  Dave: bit.
• 7:25
  Dave: when
• 7:26
  Dave: you
• 7:26
  Dave: and
• 7:26
  Dave: I
• 7:26
  Dave: talked,
• 7:26
  Dave: you
• 7:27
  Dave: know,
• 7:28
  Dave: like
• 7:28
  Dave: we,
• 7:28
  Dave: we,
• 7:28
  Dave: we
• 7:28
  Dave: dove
• 7:28
  Dave: into
• 7:28
  Dave: the
• 7:29
  Dave: AI
• 7:29
  Dave: world
• 7:29
  Dave: and,
• 7:31
  Dave: you
• 7:31
  Dave: know,
• 7:31
  Dave: like.
• 7:32
  Dave: What
• 7:32
  Dave: I
• 7:32
  Dave: heard
• 7:33
  Dave: you
• 7:33
  Dave: say
• 7:33
  Dave: is
• 7:33
  Dave: that,
• 7:34
  Dave: people
• 7:34
  Dave: are
• 7:34
  Dave: using
• 7:35
  Dave: AI
• 7:35
  Dave: just
• 7:36
  Dave: for
• 7:36
  Dave: the
• 7:36
  Dave: sake
• 7:36
  Dave: of
• 7:36
  Dave: using
• 7:37
  Dave: it,
• 7:37
  Dave: and
• 7:38
  Dave: it's
• 7:38
  Dave: creating
• 7:39
  Dave: actually
• 7:39
  Dave: more
• 7:39
  Dave: work
• 7:40
  Dave: than
• 7:40
  Dave: saving
• 7:41
  Dave: time.
• 7:42
  Dave: make
• 7:42
  Dave: that
• 7:43
  Dave: case,
• 7:43
  Dave: you
• 7:43
  Dave: know,
• 7:43
  Dave: I
• 7:44
  Dave: think
• 7:44
  Dave: that
• 7:44
  Dave: a
• 7:44
  Dave: lot
• 7:44
  Dave: of
• 7:44
  Dave: people
• 7:45
  Dave: are,
• 7:45
  Dave: are
• 7:45
  Dave: saying
• 7:46
  Dave: to
• 7:46
  Dave: businesses,
• 7:47
  Dave: to
• 7:47
  Dave: entrepreneurs,
• 7:47
  Dave: to
• 7:48
  Dave: to
• 7:48
  Dave: small
• 7:48
  Dave: business
• 7:49
  Dave: owners
• 7:49
  Dave: that
• 7:50
  Dave: you
• 7:50
  Dave: gotta
• 7:50
  Dave: get
• 7:50
  Dave: on
• 7:50
  Dave: this
• 7:50
  Dave: train
• 7:51
  Dave: or
• 7:51
  Dave: you're
• 7:51
  Dave: gonna
• 7:51
  Dave: be
• 7:51
  Dave: left
• 7:52
  Dave: behind.
• 7:53
  Dave: so
• 7:53
  Dave: what,
• 7:54
  Dave: make
• 7:54
  Dave: the
• 7:54
  Dave: case,
• 7:54
  Dave: make
• 7:55
  Dave: your
• 7:55
  Dave: case.
• 7:56
  James Klein: Sure.
• 7:56
  James Klein: the
• 7:57
  James Klein: first
• 7:57
  James Klein: thing
• 7:57
  James Klein: is
• 7:57
  James Klein: I
• 7:57
  James Klein: think
• 7:57
  James Klein: AI
• 7:58
  James Klein: has
• 7:58
  James Klein: the
• 7:58
  James Klein: potential
• 7:59
  James Klein: to
• 7:59
  James Klein: be
• 7:59
  James Klein: great
• 8:01
  James Klein: with
• 8:01
  James Klein: the
• 8:01
  James Klein: proper
• 8:01
  James Klein: use
• 8:02
  James Klein: case.
• 8:03
  James Klein: For
• 8:03
  James Klein: example,
• 8:04
  James Klein: you
• 8:04
  James Klein: run
• 8:05
  James Klein: a
• 8:05
  James Klein: customer
• 8:05
  James Klein: service
• 8:05
  James Klein: team
• 8:07
  James Klein: and
• 8:07
  James Klein: half
• 8:07
  James Klein: your
• 8:08
  James Klein: customer
• 8:08
  James Klein: interactions
• 8:09
  James Klein: are,
• 8:10
  James Klein: where's
• 8:10
  James Klein: my
• 8:10
  James Klein: package?
• 8:11
  James Klein: Et
• 8:11
  James Klein: cetera,
• 8:12
  James Klein: et
• 8:12
  James Klein: cetera.
• 8:13
  James Klein: That's
• 8:13
  James Klein: a
• 8:14
  James Klein: perfect
• 8:14
  James Klein: case
• 8:14
  James Klein: for
• 8:15
  James Klein: an
• 8:15
  James Klein: AI
• 8:15
  James Klein: bot
• 8:16
  James Klein: that
• 8:16
  James Klein: finds
• 8:17
  James Klein: the
• 8:17
  James Klein: customer,
• 8:17
  James Klein: finds
• 8:18
  James Klein: their
• 8:18
  James Klein: tracking
• 8:18
  James Klein: information,
• 8:19
  James Klein: sends
• 8:19
  James Klein: it
• 8:20
  James Klein: back
• 8:20
  James Klein: to
• 8:20
  James Klein: them.
• 8:21
  James Klein: That
• 8:21
  James Klein: makes
• 8:22
  James Klein: all
• 8:22
  James Klein: the
• 8:22
  James Klein: sense
• 8:23
  James Klein: in
• 8:23
  James Klein: the
• 8:23
  James Klein: world,
• 8:24
  James Klein: rather
• 8:24
  James Klein: than
• 8:24
  James Klein: having
• 8:25
  James Klein: to
• 8:25
  James Klein: hire.
• 8:26
  James Klein: A
• 8:26
  James Klein: lot
• 8:26
  James Klein: of
• 8:26
  James Klein: additional
• 8:27
  James Klein: customer
• 8:27
  James Klein: service
• 8:28
  James Klein: agents
• 8:28
  James Klein: as
• 8:28
  James Klein: your
• 8:28
  James Klein: business
• 8:29
  James Klein: scales.
• 8:30
  James Klein: for
• 8:31
  James Klein: specific
• 8:31
  James Klein: tasks,
• 8:33
  James Klein: repetitive
• 8:34
  James Klein: spreadsheets
• 8:35
  James Klein: that
• 8:35
  James Klein: are
• 8:36
  James Klein: shared
• 8:36
  James Klein: on
• 8:36
  James Klein: a
• 8:36
  James Klein: daily
• 8:37
  James Klein: or
• 8:37
  James Klein: weekly
• 8:37
  James Klein: basis
• 8:38
  James Klein: where
• 8:38
  James Klein: you're
• 8:38
  James Klein: pulling
• 8:39
  James Klein: data
• 8:39
  James Klein: from
• 8:39
  James Klein: the
• 8:39
  James Klein: exact
• 8:40
  James Klein: same
• 8:40
  James Klein: places,
• 8:41
  James Klein: of
• 8:41
  James Klein: course,
• 8:41
  James Klein: AI
• 8:42
  James Klein: can
• 8:42
  James Klein: do
• 8:42
  James Klein: it
• 8:42
  James Klein: faster
• 8:43
  James Klein: and
• 8:43
  James Klein: better
• 8:44
  James Klein: with
• 8:44
  James Klein: less
• 8:44
  James Klein: errors
• 8:45
  James Klein: and
• 8:47
  James Klein: free
• 8:47
  James Klein: up
• 8:47
  James Klein: your
• 8:48
  James Klein: team
• 8:48
  James Klein: to
• 8:48
  James Klein: do
• 8:48
  James Klein: things
• 8:49
  James Klein: that
• 8:49
  James Klein: do
• 8:49
  James Klein: need
• 8:49
  James Klein: hu
• 8:50
  James Klein: human
• 8:50
  James Klein: interaction.
• 8:52
  James Klein: But
• 8:52
  James Klein: I
• 8:52
  James Klein: also
• 8:53
  James Klein: see
• 8:53
  James Klein: a
• 8:53
  James Klein: lot
• 8:53
  James Klein: of
• 8:53
  James Klein: garbage.
• 8:55
  James Klein: That's
• 8:55
  Jerremy: of
• 8:56
  James Klein: written
• 8:56
  James Klein: by
• 8:56
  James Klein: ai.
• 8:57
  Jerremy: tons
• 8:57
  Jerremy: of
• 8:57
  Jerremy: garbage.
• 8:58
  James Klein: LinkedIn
• 8:58
  James Klein: and
• 8:59
  James Klein: read
• 8:59
  James Klein: half
• 8:59
  James Klein: the
• 8:59
  James Klein: posts.
• 9:00
  Dave: Mm-hmm.
• 9:01
  James Klein: You
• 9:01
  James Klein: can
• 9:02
  James Klein: tell
• 9:02
  James Klein: which
• 9:02
  James Klein: ones
• 9:02
  James Klein: were
• 9:02
  James Klein: written
• 9:03
  James Klein: by
• 9:03
  James Klein: AI
• 9:04
  James Klein: and
• 9:04
  James Klein: the
• 9:05
  James Klein: person
• 9:05
  James Klein: who
• 9:05
  James Klein: posted
• 9:05
  James Klein: it
• 9:06
  James Klein: never
• 9:06
  James Klein: bothered
• 9:06
  James Klein: to
• 9:06
  James Klein: proofread
• 9:07
  James Klein: it
• 9:07
  James Klein: or
• 9:07
  James Klein: personalize
• 9:08
  James Klein: it
• 9:09
  James Klein: or
• 9:09
  James Klein: do
• 9:09
  James Klein: anything
• 9:10
  James Klein: with
• 9:10
  James Klein: it.
• 9:10
  James Klein: And
• 9:11
  James Klein: to
• 9:11
  James Klein: me
• 9:11
  James Klein: that's
• 9:12
  James Klein: just
• 9:12
  James Klein: ai
• 9:12
  James Klein: garbage
• 9:14
  James Klein: it
• 9:15
  James Klein: for
• 9:15
  James Klein: writing.
• 9:16
  James Klein: AI
• 9:16
  James Klein: can
• 9:17
  James Klein: get
• 9:17
  James Klein: you,
• 9:17
  James Klein: in
• 9:18
  James Klein: my
• 9:18
  James Klein: opinion,
• 9:18
  James Klein: probably
• 9:19
  James Klein: 80%.
• 9:21
  James Klein: Of
• 9:21
  James Klein: where
• 9:21
  James Klein: you
• 9:21
  James Klein: need
• 9:21
  James Klein: to
• 9:21
  James Klein: go,
• 9:22
  James Klein: but
• 9:22
  James Klein: then
• 9:23
  James Klein: you
• 9:23
  James Klein: still
• 9:24
  James Klein: need
• 9:25
  James Klein: to
• 9:25
  James Klein: polish
• 9:26
  James Klein: it
• 9:26
  James Klein: and
• 9:26
  James Klein: personalize
• 9:27
  James Klein: it.
• 9:28
  James Klein: you
• 9:28
  James Klein: know,
• 9:28
  James Klein: in
• 9:28
  James Klein: the
• 9:28
  James Klein: IT
• 9:29
  James Klein: business,
• 9:30
  James Klein: it,
• 9:30
  James Klein: the,
• 9:31
  James Klein: the
• 9:31
  James Klein: saying
• 9:31
  James Klein: has
• 9:31
  James Klein: always
• 9:32
  James Klein: been
• 9:32
  James Klein: garbage
• 9:32
  James Klein: in,
• 9:33
  James Klein: garbage
• 9:33
  James Klein: out,
• 9:34
  James Klein: and
• 9:34
  James Klein: your
• 9:34
  James Klein: output
• 9:34
  James Klein: is
• 9:35
  James Klein: only
• 9:35
  James Klein: as
• 9:35
  James Klein: good
• 9:35
  James Klein: as
• 9:36
  James Klein: the
• 9:36
  James Klein: data
• 9:36
  James Klein: and
• 9:36
  James Klein: the
• 9:36
  James Klein: prompts
• 9:37
  James Klein: that
• 9:37
  James Klein: are
• 9:37
  James Klein: going
• 9:37
  James Klein: in.
• 9:38
  James Klein: There
• 9:39
  James Klein: are
• 9:39
  James Klein: a
• 9:39
  James Klein: lot
• 9:39
  James Klein: of
• 9:39
  James Klein: people
• 9:40
  James Klein: using
• 9:41
  James Klein: terrible
• 9:41
  James Klein: prompts
• 9:42
  James Klein: in
• 9:42
  James Klein: AI
• 9:44
  James Klein: creating
• 9:44
  James Klein: terrible
• 9:45
  James Klein: work
• 9:45
  James Klein: product.
• 9:47
  James Klein: The
• 9:47
  James Klein: thing
• 9:47
  James Klein: about
• 9:47
  James Klein: AI
• 9:48
  James Klein: that
• 9:48
  James Klein: I
• 9:48
  James Klein: don't
• 9:48
  James Klein: like.
• 9:49
  James Klein: Is
• 9:49
  James Klein: that
• 9:50
  James Klein: it's
• 9:50
  James Klein: evolving
• 9:51
  James Klein: way
• 9:51
  James Klein: too
• 9:51
  James Klein: quickly
• 9:53
  James Klein: and
• 9:53
  James Klein: you
• 9:53
  James Klein: know,
• 9:54
  James Klein: as
• 9:54
  James Klein: an
• 9:54
  James Klein: example,
• 9:55
  James Klein: I'm
• 9:56
  James Klein: more
• 9:56
  James Klein: than
• 9:57
  James Klein: likely
• 9:57
  James Klein: older
• 9:58
  James Klein: than
• 9:58
  James Klein: most
• 9:58
  James Klein: of
• 9:59
  James Klein: your
• 9:59
  James Klein: audience.
• 10:00
  James Klein: I
• 10:00
  James Klein: started
• 10:01
  James Klein: in
• 10:01
  James Klein: business,
• 10:01
  James Klein: there
• 10:01
  James Klein: were
• 10:02
  James Klein: no
• 10:02
  James Klein: personal
• 10:02
  James Klein: computers.
• 10:03
  Dave: Yeah.
• 10:04
  James Klein: My
• 10:04
  James Klein: first
• 10:05
  James Klein: computer
• 10:05
  James Klein: was
• 10:05
  James Klein: an
• 10:05
  James Klein: IBM
• 10:06
  James Klein: PC
• 10:06
  James Klein: with
• 10:07
  James Klein: two
• 10:07
  James Klein: five
• 10:07
  James Klein: and
• 10:07
  James Klein: a
• 10:07
  James Klein: quarter
• 10:08
  James Klein: inch
• 10:08
  James Klein: floppy
• 10:08
  James Klein: disks,
• 10:09
  James Klein: where
• 10:10
  James Klein: literally
• 10:10
  James Klein: the
• 10:10
  James Klein: program
• 10:11
  James Klein: would
• 10:11
  James Klein: be
• 10:11
  James Klein: on
• 10:11
  James Klein: one
• 10:12
  James Klein: disc
• 10:12
  James Klein: and
• 10:13
  James Klein: your
• 10:13
  James Klein: data
• 10:13
  James Klein: would
• 10:13
  James Klein: be
• 10:13
  James Klein: on
• 10:14
  James Klein: another,
• 10:14
  James Klein: and
• 10:14
  James Klein: as
• 10:14
  James Klein: the
• 10:15
  James Klein: disc
• 10:15
  James Klein: got
• 10:15
  James Klein: full,
• 10:15
  James Klein: you'd
• 10:15
  James Klein: pull
• 10:16
  James Klein: out
• 10:16
  James Klein: the
• 10:16
  James Klein: data
• 10:16
  James Klein: disc
• 10:17
  James Klein: and
• 10:17
  James Klein: put
• 10:17
  James Klein: in
• 10:17
  James Klein: a
• 10:17
  James Klein: new
• 10:17
  James Klein: one.
• 10:18
  James Klein: My
• 10:19
  James Klein: first
• 10:19
  James Klein: hard
• 10:19
  James Klein: disc
• 10:19
  James Klein: was
• 10:20
  James Klein: five
• 10:20
  James Klein: megabytes.
• 10:21
  James Klein: It
• 10:22
  James Klein: cost
• 10:22
  James Klein: me,
• 10:22
  James Klein: I
• 10:22
  James Klein: believe,
• 10:23
  James Klein: $2,000
• 10:24
  James Klein: at
• 10:24
  James Klein: the
• 10:24
  James Klein: time,
• 10:25
  James Klein: and
• 10:25
  James Klein: I
• 10:25
  James Klein: was
• 10:25
  James Klein: told
• 10:26
  James Klein: that
• 10:26
  James Klein: I
• 10:26
  James Klein: would
• 10:26
  James Klein: never
• 10:27
  James Klein: fill
• 10:27
  James Klein: it.
• 10:28
  James Klein: Now
• 10:28
  James Klein: on
• 10:29
  James Klein: my
• 10:29
  James Klein: desk,
• 10:29
  James Klein: I
• 10:29
  James Klein: have
• 10:29
  James Klein: terabytes
• 10:30
  James Klein: of
• 10:30
  James Klein: storage.
• 10:32
  James Klein: When
• 10:32
  James Klein: I
• 10:32
  James Klein: started,
• 10:33
  James Klein: there
• 10:33
  James Klein: was
• 10:33
  James Klein: no
• 10:33
  James Klein: internet.
• 10:34
  James Klein: There
• 10:34
  James Klein: was
• 10:34
  James Klein: no
• 10:34
  James Klein: email,
• 10:35
  James Klein: and
• 10:36
  James Klein: each
• 10:36
  James Klein: one
• 10:36
  James Klein: of
• 10:36
  James Klein: those
• 10:37
  James Klein: things
• 10:37
  James Klein: took,
• 10:38
  James Klein: the
• 10:38
  James Klein: adoption
• 10:38
  James Klein: period
• 10:40
  James Klein: happened
• 10:40
  James Klein: over
• 10:41
  James Klein: several
• 10:41
  James Klein: years.
• 10:42
  Dave: Yeah.
• 10:42
  James Klein: Computers
• 10:43
  James Klein: came
• 10:43
  James Klein: out
• 10:44
  James Klein: until
• 10:44
  James Klein: everybody
• 10:45
  James Klein: had
• 10:45
  James Klein: computers
• 10:46
  James Klein: on
• 10:46
  James Klein: their
• 10:46
  James Klein: desk.
• 10:46
  James Klein: That
• 10:46
  James Klein: was
• 10:47
  James Klein: probably
• 10:47
  James Klein: a
• 10:47
  James Klein: five
• 10:47
  James Klein: to
• 10:48
  James Klein: eight
• 10:48
  James Klein: year
• 10:48
  James Klein: period.
• 10:49
  James Klein: The
• 10:50
  James Klein: internet
• 10:50
  James Klein: came
• 10:50
  James Klein: about
• 10:51
  James Klein: until
• 10:51
  James Klein: everybody
• 10:52
  James Klein: widely
• 10:52
  James Klein: adopted
• 10:53
  James Klein: it
• 10:53
  James Klein: and
• 10:53
  James Klein: built
• 10:53
  James Klein: out
• 10:53
  James Klein: e-commerce
• 10:55
  James Klein: and
• 10:55
  James Klein: all
• 10:55
  James Klein: of
• 10:55
  James Klein: that.
• 10:55
  James Klein: There
• 10:56
  James Klein: was
• 10:56
  James Klein: a
• 10:56
  James Klein: long
• 10:56
  James Klein: adoption
• 10:57
  James Klein: period.
• 10:57
  James Klein: Same
• 10:57
  James Klein: thing
• 10:58
  James Klein: with
• 10:58
  James Klein: email.
• 10:59
  James Klein: AI
• 11:00
  James Klein: is
• 11:00
  James Klein: now
• 11:01
  James Klein: improving
• 11:02
  James Klein: and
• 11:02
  James Klein: iterating
• 11:03
  James Klein: on
• 11:03
  James Klein: a
• 11:03
  Jerremy: Yeah.
• 11:05
  Jerremy: Yeah.
• 11:05
  James Klein: nobody
• 11:05
  James Klein: has
• 11:06
  James Klein: a
• 11:06
  James Klein: clue
• 11:07
  James Klein: what
• 11:08
  James Klein: some
• 11:08
  James Klein: of
• 11:08
  James Klein: this
• 11:08
  James Klein: AI
• 11:09
  James Klein: is
• 11:09
  James Klein: actually
• 11:10
  James Klein: doing,
• 11:10
  James Klein: and
• 11:11
  James Klein: I
• 11:11
  James Klein: find
• 11:11
  James Klein: that
• 11:11
  James Klein: terrifying.
• 11:13
  Jerremy: I
• 11:13
  Jerremy: also
• 11:13
  Jerremy: kind
• 11:13
  Jerremy: of
• 11:13
  Jerremy: think
• 11:13
  Jerremy: up
• 11:14
  Jerremy: until
• 11:14
  Jerremy: Dave,
• 11:14
  Jerremy: I
• 11:14
  Jerremy: think
• 11:14
  Jerremy: it's
• 11:14
  Jerremy: like
• 11:14
  Jerremy: the
• 11:15
  Jerremy: flying
• 11:15
  Jerremy: car
• 11:15
  Jerremy: fallacy
• 11:16
  Jerremy: too.
• 11:17
  Jerremy: You
• 11:17
  Jerremy: know,
• 11:17
  Jerremy: everyone's
• 11:18
  Jerremy: like,
• 11:18
  Jerremy: oh,
• 11:18
  Jerremy: we're
• 11:18
  Jerremy: gonna
• 11:18
  Jerremy: have
• 11:19
  Jerremy: robots
• 11:19
  Jerremy: and
• 11:19
  Jerremy: AI
• 11:20
  Jerremy: doing
• 11:20
  Jerremy: everything
• 11:20
  Jerremy: in
• 11:20
  Jerremy: like
• 11:21
  Jerremy: five
• 11:21
  Jerremy: months.
• 11:22
  Jerremy: I'm
• 11:22
  Jerremy: like,
• 11:22
  Jerremy: I
• 11:22
  Jerremy: don't
• 11:23
  Jerremy: think
• 11:23
  Jerremy: so,
• 11:23
  Jerremy: dude,
• 11:23
  Jerremy: I
• 11:23
  Jerremy: think
• 11:23
  Jerremy: it's
• 11:23
  Jerremy: gonna
• 11:24
  Jerremy: take
• 11:24
  Jerremy: a
• 11:24
  Jerremy: lot
• 11:24
  Jerremy: longer.
• 11:25
  Jerremy: most
• 11:25
  Jerremy: AI
• 11:26
  Jerremy: production
• 11:26
  Jerremy: is
• 11:26
  Jerremy: crap.
• 11:27
  Jerremy: It's
• 11:27
  Jerremy: cool,
• 11:28
  Jerremy: but
• 11:28
  Jerremy: you
• 11:28
  Jerremy: know,
• 11:29
  Jerremy: it's
• 11:29
  Jerremy: ai
• 11:29
  Jerremy: and
• 11:29
  Jerremy: again,
• 11:30
  Jerremy: I'm
• 11:30
  Jerremy: fine
• 11:30
  Jerremy: if
• 11:30
  Jerremy: it's
• 11:30
  Jerremy: gets
• 11:30
  Jerremy: better,
• 11:31
  Jerremy: but
• 11:32
  Jerremy: give
• 11:32
  Jerremy: us
• 11:32
  Jerremy: a,
• 11:33
  Jerremy: a
• 11:33
  Jerremy: business
• 11:34
  Jerremy: like
• 11:35
  Jerremy: business
• 11:35
  Jerremy: case.
• 11:35
  Jerremy: Make
• 11:36
  Jerremy: a
• 11:36
  Jerremy: strong,
• 11:36
  Jerremy: make
• 11:36
  Jerremy: a
• 11:36
  Jerremy: strong
• 11:37
  Jerremy: argument
• 11:37
  Jerremy: that
• 11:38
  Jerremy: AI
• 11:38
  Jerremy: is
• 11:38
  Jerremy: gonna
• 11:38
  Jerremy: genuinely
• 11:40
  Jerremy: reshape
• 11:40
  Jerremy: small
• 11:41
  Jerremy: businesses
• 11:41
  Jerremy: and
• 11:41
  Jerremy: entrepreneurship
• 11:42
  Jerremy: for
• 11:42
  Jerremy: the
• 11:42
  Jerremy: better.
• 11:44
  Jerremy: And
• 11:44
  Jerremy: then
• 11:44
  Jerremy: tell
• 11:44
  Jerremy: me
• 11:45
  Jerremy: why
• 11:45
  Jerremy: you're
• 11:45
  Jerremy: still
• 11:45
  Jerremy: skeptical.
• 11:47
  James Klein: I,
• 11:47
  James Klein: I
• 11:47
  James Klein: think
• 11:47
  James Klein: it
• 11:47
  James Klein: can
• 11:47
  James Klein: absolutely
• 11:48
  James Klein: reshape
• 11:49
  James Klein: business
• 11:49
  James Klein: for
• 11:49
  James Klein: the
• 11:49
  James Klein: better,
• 11:50
  James Klein: especially
• 11:51
  James Klein: as
• 11:51
  James Klein: I
• 11:51
  James Klein: said
• 11:51
  James Klein: earlier,
• 11:51
  James Klein: with
• 11:52
  James Klein: repetitive
• 11:52
  James Klein: tasks
• 11:54
  James Klein: and
• 11:55
  James Klein: mining
• 11:55
  James Klein: data,
• 11:56
  James Klein: and
• 11:57
  James Klein: ha
• 11:57
  James Klein: giving
• 11:58
  James Klein: you
• 11:58
  James Klein: numbers
• 11:58
  James Klein: you
• 11:59
  James Klein: need
• 12:00
  James Klein: have
• 12:00
  James Klein: to
• 12:00
  James Klein: be
• 12:00
  James Klein: able
• 12:00
  James Klein: to
• 12:00
  James Klein: make
• 12:01
  James Klein: proper
• 12:01
  James Klein: decisions
• 12:02
  James Klein: in
• 12:02
  James Klein: your
• 12:02
  James Klein: business.
• 12:02
  Jerremy: Faster.
• 12:03
  Jerremy: Yeah.
• 12:04
  James Klein: Exactly.
• 12:04
  James Klein: You
• 12:04
  James Klein: know,
• 12:05
  James Klein: you
• 12:05
  James Klein: go
• 12:05
  James Klein: to
• 12:05
  James Klein: your
• 12:06
  James Klein: bookkeeper,
• 12:07
  James Klein: accounting
• 12:08
  James Klein: person,
• 12:08
  James Klein: fractional
• 12:09
  James Klein: CPA,
• 12:10
  James Klein: whatever
• 12:10
  James Klein: they
• 12:11
  James Klein: are,
• 12:12
  James Klein: you
• 12:12
  James Klein: say,
• 12:12
  James Klein: okay,
• 12:13
  James Klein: I
• 12:13
  James Klein: need,
• 12:13
  James Klein: I
• 12:13
  James Klein: need
• 12:14
  James Klein: a
• 12:14
  James Klein: bunch
• 12:14
  James Klein: of
• 12:14
  James Klein: reports
• 12:15
  James Klein: that
• 12:15
  James Klein: showed
• 12:15
  James Klein: this.
• 12:16
  James Klein: I
• 12:16
  James Klein: have
• 12:16
  James Klein: to
• 12:16
  James Klein: go
• 12:16
  James Klein: to
• 12:16
  James Klein: the
• 12:16
  James Klein: bank
• 12:17
  James Klein: to
• 12:17
  James Klein: renegotiate
• 12:17
  James Klein: my
• 12:18
  James Klein: deal.
• 12:19
  James Klein: Somebody
• 12:20
  James Klein: right
• 12:20
  James Klein: now
• 12:20
  James Klein: has
• 12:21
  James Klein: to
• 12:21
  James Klein: essentially
• 12:21
  James Klein: mine
• 12:21
  James Klein: all
• 12:22
  James Klein: that
• 12:22
  James Klein: data,
• 12:22
  James Klein: manually
• 12:23
  James Klein: produce
• 12:23
  James Klein: a
• 12:23
  James Klein: report.
• 12:25
  James Klein: Chances
• 12:25
  James Klein: are
• 12:26
  James Klein: there's
• 12:26
  James Klein: some
• 12:26
  James Klein: errors
• 12:26
  James Klein: in
• 12:27
  James Klein: it.
• 12:27
  James Klein: You
• 12:27
  James Klein: have
• 12:27
  James Klein: to
• 12:27
  James Klein: validate
• 12:28
  James Klein: the
• 12:28
  James Klein: data.
• 12:29
  James Klein: That
• 12:29
  James Klein: could
• 12:30
  James Klein: be
• 12:30
  James Klein: a
• 12:30
  James Klein: two
• 12:30
  James Klein: or
• 12:30
  James Klein: three
• 12:30
  James Klein: week
• 12:31
  James Klein: process
• 12:32
  James Klein: using
• 12:33
  James Klein: AI
• 12:33
  James Klein: properly,
• 12:33
  James Klein: you
• 12:34
  James Klein: can
• 12:34
  James Klein: probably
• 12:34
  James Klein: generate
• 12:35
  James Klein: that
• 12:35
  James Klein: report
• 12:35
  James Klein: in
• 12:35
  James Klein: an
• 12:36
  James Klein: hour,
• 12:36
  James Klein: maybe
• 12:36
  James Klein: less
• 12:37
  James Klein: if
• 12:37
  James Klein: you're
• 12:37
  James Klein: really
• 12:37
  James Klein: good
• 12:38
  James Klein: at
• 12:38
  James Klein: prompting
• 12:38
  James Klein: and
• 12:38
  James Klein: you
• 12:38
  James Klein: know
• 12:39
  James Klein: what
• 12:40
  James Klein: to
• 12:40
  James Klein: instruct
• 12:40
  James Klein: the
• 12:40
  James Klein: AI
• 12:41
  James Klein: to
• 12:41
  James Klein: do
• 12:42
  James Klein: on,
• 12:43
  James Klein: on
• 12:43
  James Klein: those
• 12:43
  James Klein: levels.
• 12:44
  James Klein: You
• 12:44
  James Klein: know,
• 12:44
  James Klein: predicting
• 12:44
  James Klein: inventory
• 12:46
  James Klein: requirements
• 12:47
  James Klein: and
• 12:47
  James Klein: when
• 12:47
  James Klein: you
• 12:47
  James Klein: should
• 12:47
  James Klein: be
• 12:48
  James Klein: reordering.
• 12:49
  James Klein: The
• 12:49
  James Klein: AI
• 12:50
  James Klein: can
• 12:50
  James Klein: certainly
• 12:51
  James Klein: do
• 12:52
  James Klein: a
• 12:52
  James Klein: lot
• 12:52
  James Klein: of
• 12:52
  James Klein: that.
• 12:54
  James Klein: My
• 12:54
  James Klein: biggest
• 12:54
  James Klein: concern
• 12:55
  James Klein: about
• 12:56
  James Klein: the
• 12:56
  James Klein: AI.
• 12:58
  James Klein: Ecosystem
• 12:59
  James Klein: is
• 12:59
  James Klein: the
• 12:59
  James Klein: same
• 13:00
  James Klein: concern
• 13:00
  James Klein: I
• 13:00
  James Klein: have
• 13:01
  James Klein: with
• 13:01
  James Klein: the
• 13:01
  James Klein: social
• 13:01
  James Klein: media
• 13:01
  James Klein: platforms.
• 13:03
  James Klein: are
• 13:03
  James Klein: four
• 13:03
  James Klein: or
• 13:04
  James Klein: five,
• 13:04
  James Klein: six
• 13:04
  James Klein: companies
• 13:06
  James Klein: are
• 13:07
  James Klein: in
• 13:07
  James Klein: pretty
• 13:07
  James Klein: much
• 13:08
  James Klein: monopolistic
• 13:09
  Jerremy: Yep.
• 13:10
  Jerremy: Yep.
• 13:10
  James Klein: have
• 13:11
  James Klein: all
• 13:11
  James Klein: your
• 13:11
  James Klein: data.
• 13:11
  James Klein: They
• 13:12
  James Klein: know
• 13:12
  James Klein: everything's
• 13:12
  James Klein: going
• 13:13
  James Klein: on,
• 13:13
  James Klein: like
• 13:13
  James Klein: the
• 13:14
  James Klein: whole
• 13:14
  James Klein: TikTok
• 13:14
  James Klein: thing.
• 13:15
  James Klein: Oh
• 13:15
  James Klein: my
• 13:15
  James Klein: god.
• 13:15
  James Klein: China's
• 13:16
  James Klein: gonna
• 13:16
  James Klein: have
• 13:16
  James Klein: your
• 13:16
  James Klein: data.
• 13:17
  James Klein: Guess
• 13:17
  James Klein: what?
• 13:17
  James Klein: China
• 13:18
  James Klein: already
• 13:18
  James Klein: has
• 13:18
  James Klein: your
• 13:19
  James Klein: data.
• 13:19
  James Klein: So
• 13:20
  James Klein: does
• 13:20
  James Klein: Apple.
• 13:20
  James Klein: So
• 13:21
  James Klein: does
• 13:21
  James Klein: meta,
• 13:21
  James Klein: so
• 13:21
  James Klein: does
• 13:22
  James Klein: Google.
• 13:23
  James Klein: You
• 13:23
  James Klein: name
• 13:24
  James Klein: it.
• 13:24
  James Klein: They've
• 13:24
  James Klein: all
• 13:25
  James Klein: got
• 13:25
  James Klein: all
• 13:25
  James Klein: our
• 13:25
  James Klein: data.
• 13:26
  James Klein: Unless
• 13:26
  James Klein: you're
• 13:27
  James Klein: living
• 13:27
  James Klein: totally
• 13:27
  James Klein: off
• 13:28
  James Klein: the
• 13:28
  James Klein: grid
• 13:29
  James Klein: have
• 13:29
  James Klein: just
• 13:30
  James Klein: like
• 13:30
  James Klein: a
• 13:30
  James Klein: flip
• 13:30
  James Klein: phone
• 13:31
  James Klein: that
• 13:31
  James Klein: has
• 13:31
  James Klein: no
• 13:31
  James Klein: data
• 13:32
  James Klein: on
• 13:32
  James Klein: it,
• 13:33
  James Klein: you
• 13:33
  James Klein: mention
• 13:34
  James Klein: something
• 13:34
  James Klein: in
• 13:35
  James Klein: a
• 13:35
  James Klein: conversation
• 13:35
  James Klein: five
• 13:36
  James Klein: minutes
• 13:36
  James Klein: later,
• 13:36
  James Klein: Facebook
• 13:37
  James Klein: is
• 13:37
  James Klein: serving
• 13:37
  James Klein: that
• 13:38
  James Klein: to
• 13:38
  James Klein: you
• 13:38
  James Klein: as
• 13:38
  James Klein: an
• 13:38
  James Klein: ad.
• 13:39
  Jerremy: A
• 13:39
  Jerremy: hundred
• 13:39
  Jerremy: percent.
• 13:39
  James Klein: Ev,
• 13:40
  James Klein: everybody
• 13:40
  James Klein: has
• 13:41
  James Klein: all
• 13:41
  James Klein: of
• 13:41
  James Klein: our
• 13:41
  James Klein: data.
• 13:42
  James Klein: it,
• 13:43
  James Klein: is
• 13:43
  James Klein: what
• 13:43
  James Klein: it
• 13:43
  James Klein: is.
• 13:44
  James Klein: My
• 13:44
  James Klein: concern
• 13:45
  James Klein: is
• 13:46
  James Klein: primarily
• 13:47
  James Klein: with
• 13:47
  James Klein: all
• 13:47
  James Klein: of
• 13:47
  James Klein: these
• 13:47
  James Klein: roll-ups
• 13:48
  James Klein: that
• 13:48
  James Klein: are
• 13:48
  James Klein: going
• 13:48
  James Klein: on
• 13:49
  James Klein: like
• 13:50
  James Klein: Paramount
• 13:50
  James Klein: now,
• 13:50
  James Klein: the
• 13:51
  James Klein: way
• 13:51
  James Klein: they're
• 13:51
  James Klein: requiring
• 13:52
  James Klein: all
• 13:52
  James Klein: these
• 13:52
  James Klein: other
• 13:52
  James Klein: media
• 13:53
  James Klein: entities,
• 13:54
  James Klein: and
• 13:54
  James Klein: literally
• 13:56
  James Klein: any
• 13:56
  James Klein: industry,
• 13:56
  James Klein: there's
• 13:57
  James Klein: gonna
• 13:57
  James Klein: be
• 13:57
  James Klein: 2,
• 13:58
  James Klein: 3,
• 13:58
  James Klein: 4
• 14:00
  James Klein: entities
• 14:01
  James Klein: that
• 14:01
  James Klein: essentially
• 14:01
  James Klein: have
• 14:02
  James Klein: a
• 14:02
  James Klein: total
• 14:02
  James Klein: monopoly.
• 14:04
  James Klein: On
• 14:04
  James Klein: their
• 14:05
  James Klein: entire
• 14:05
  James Klein: space,
• 14:06
  James Klein: which
• 14:07
  James Klein: creates
• 14:07
  James Klein: a
• 14:07
  James Klein: very
• 14:08
  James Klein: high
• 14:08
  James Klein: barrier
• 14:09
  James Klein: to
• 14:09
  James Klein: entry
• 14:09
  James Klein: for
• 14:09
  James Klein: somebody
• 14:09
  James Klein: who
• 14:10
  James Klein: has
• 14:10
  James Klein: a
• 14:10
  James Klein: great
• 14:10
  James Klein: new
• 14:10
  James Klein: idea.
• 14:12
  James Klein: it's,
• 14:13
  James Klein: you
• 14:13
  James Klein: know,
• 14:13
  James Klein: if
• 14:13
  James Klein: they
• 14:13
  James Klein: like
• 14:14
  James Klein: your
• 14:14
  James Klein: idea,
• 14:14
  James Klein: they're
• 14:14
  James Klein: gonna
• 14:15
  James Klein: acquire
• 14:15
  James Klein: you
• 14:15
  James Klein: or
• 14:16
  James Klein: they'll
• 14:16
  James Klein: put
• 14:16
  James Klein: you
• 14:16
  James Klein: outta
• 14:16
  James Klein: business.
• 14:17
  James Klein: So
• 14:18
  James Klein: from
• 14:18
  James Klein: that
• 14:18
  James Klein: standpoint,
• 14:20
  James Klein: as
• 14:20
  James Klein: an
• 14:20
  James Klein: entrepreneur,
• 14:22
  James Klein: I'd
• 14:22
  James Klein: rather
• 14:22
  James Klein: see
• 14:22
  James Klein: more
• 14:22
  James Klein: players
• 14:23
  James Klein: in
• 14:23
  James Klein: that
• 14:23
  James Klein: market
• 14:24
  James Klein: rather
• 14:25
  James Klein: than
• 14:25
  James Klein: everything
• 14:26
  James Klein: being
• 14:26
  James Klein: so
• 14:27
  James Klein: concentrated.
• 14:28
  Jerremy: Yeah,
• 14:29
  Jerremy: James,
• 14:30
  Jerremy: so.
• 14:31
  Jerremy: The
• 14:32
  Jerremy: trades
• 14:32
  Jerremy: right
• 14:33
  Jerremy: now,
• 14:33
  Jerremy: trades
• 14:33
  Jerremy: being
• 14:34
  Jerremy: like
• 14:34
  Jerremy: electrician,
• 14:35
  Jerremy: plumber.
• 14:37
  Jerremy: Those
• 14:37
  Jerremy: are
• 14:37
  Jerremy: being
• 14:38
  Jerremy: sold
• 14:38
  Jerremy: as
• 14:38
  Jerremy: an
• 14:38
  Jerremy: obvious
• 14:39
  Jerremy: alternative
• 14:40
  Jerremy: to
• 14:40
  Jerremy: college
• 14:42
  Jerremy: and
• 14:43
  Jerremy: or
• 14:43
  Jerremy: I
• 14:43
  Jerremy: should
• 14:44
  Jerremy: say,
• 14:44
  Jerremy: maybe
• 14:44
  Jerremy: even
• 14:44
  Jerremy: an
• 14:44
  Jerremy: obvious
• 14:45
  Jerremy: alternative
• 14:46
  Jerremy: to
• 14:47
  Jerremy: working
• 14:47
  Jerremy: a
• 14:48
  Jerremy: desk.
• 14:49
  Jerremy: Software
• 14:50
  Jerremy: job
• 14:51
  Jerremy: because
• 14:51
  Jerremy: software
• 14:52
  Jerremy: is
• 14:52
  Jerremy: going
• 14:52
  Jerremy: to
• 14:52
  Jerremy: be
• 14:53
  Jerremy: replaced
• 14:53
  Jerremy: soon
• 14:54
  Jerremy: and
• 14:55
  Jerremy: everything's
• 14:55
  Jerremy: going
• 14:55
  Jerremy: to
• 14:55
  Jerremy: be
• 14:55
  Jerremy: AI
• 14:56
  Jerremy: and
• 14:57
  Jerremy: we
• 14:57
  Jerremy: can't
• 14:57
  Jerremy: replace,
• 14:58
  Jerremy: you
• 14:58
  Jerremy: know,
• 14:58
  Jerremy: manual
• 14:59
  Jerremy: physical
• 14:59
  Jerremy: labor
• 15:00
  Jerremy: right
• 15:00
  Jerremy: now
• 15:00
  Jerremy: instantly
• 15:01
  Jerremy: like
• 15:01
  Jerremy: cutting
• 15:01
  Jerremy: grass
• 15:02
  Jerremy: and
• 15:02
  Jerremy: cutting
• 15:02
  Jerremy: hair.
• 15:03
  Jerremy: But
• 15:04
  Jerremy: you
• 15:04
  Jerremy: took
• 15:04
  Jerremy: a
• 15:04
  Jerremy: third
• 15:05
  Jerremy: path
• 15:05
  Jerremy: entirely
• 15:07
  Jerremy: called
• 15:07
  Jerremy: entrepreneurship.
• 15:09
  Jerremy: What
• 15:09
  Jerremy: does
• 15:09
  Jerremy: the
• 15:09
  Jerremy: sales
• 15:10
  Jerremy: pitch
• 15:10
  Jerremy: for
• 15:10
  Jerremy: that
• 15:11
  Jerremy: path
• 15:11
  Jerremy: Leave
• 15:12
  Jerremy: out.
• 15:13
  Jerremy: For
• 15:13
  Jerremy: anyone
• 15:13
  Jerremy: who
• 15:13
  Jerremy: is
• 15:14
  Jerremy: considering
• 15:15
  Jerremy: stepping
• 15:16
  Jerremy: into
• 15:16
  Jerremy: being
• 15:17
  Jerremy: their
• 15:17
  Jerremy: own
• 15:17
  Jerremy: boss,
• 15:17
  Jerremy: being
• 15:18
  Jerremy: their
• 15:18
  Jerremy: own
• 15:18
  Jerremy: business,
• 15:19
  Jerremy: what
• 15:19
  Jerremy: do
• 15:19
  Jerremy: they
• 15:19
  Jerremy: actually
• 15:20
  Jerremy: need
• 15:20
  Jerremy: to
• 15:20
  Jerremy: know
• 15:21
  Jerremy: that
• 15:21
  Jerremy: no
• 15:21
  Jerremy: one
• 15:21
  Jerremy: tells
• 15:21
  Jerremy: them?
• 15:23
  James Klein: That
• 15:23
  James Klein: it's
• 15:23
  James Klein: much
• 15:23
  James Klein: harder
• 15:24
  James Klein: than
• 15:24
  James Klein: you
• 15:24
  James Klein: think
• 15:24
  James Klein: it
• 15:24
  James Klein: is.
• 15:26
  James Klein: you
• 15:26
  James Klein: know,
• 15:26
  James Klein: that
• 15:26
  James Klein: would
• 15:26
  James Klein: be
• 15:26
  James Klein: the
• 15:26
  James Klein: first
• 15:27
  James Klein: thing.
• 15:28
  James Klein: can
• 15:28
  James Klein: have
• 15:28
  James Klein: the
• 15:28
  James Klein: best
• 15:29
  James Klein: idea
• 15:29
  James Klein: in
• 15:29
  James Klein: the
• 15:29
  James Klein: world.
• 15:30
  James Klein: But
• 15:31
  James Klein: until
• 15:31
  James Klein: you
• 15:31
  James Klein: execute
• 15:32
  James Klein: on
• 15:32
  James Klein: it
• 15:33
  James Klein: and
• 15:33
  James Klein: find
• 15:35
  James Klein: who
• 15:35
  James Klein: actually
• 15:35
  James Klein: agree
• 15:35
  James Klein: that
• 15:36
  James Klein: it's
• 15:36
  James Klein: the
• 15:36
  James Klein: best
• 15:36
  James Klein: idea
• 15:37
  James Klein: in
• 15:37
  James Klein: the
• 15:37
  James Klein: world
• 15:37
  James Klein: and
• 15:37
  James Klein: are
• 15:37
  James Klein: prepared
• 15:38
  James Klein: to
• 15:38
  James Klein: spend
• 15:38
  James Klein: money
• 15:39
  James Klein: to
• 15:39
  James Klein: buy
• 15:40
  James Klein: whatever
• 15:40
  James Klein: your
• 15:40
  James Klein: widget
• 15:41
  James Klein: or
• 15:41
  James Klein: service
• 15:42
  James Klein: happens
• 15:42
  James Klein: to
• 15:42
  James Klein: be
• 15:44
  James Klein: is
• 15:44
  James Klein: very
• 15:44
  James Klein: challenging.
• 15:46
  James Klein: There's
• 15:46
  James Klein: a
• 15:46
  James Klein: great
• 15:47
  James Klein: deal
• 15:47
  James Klein: of
• 15:47
  James Klein: security
• 15:48
  James Klein: and
• 15:48
  James Klein: having
• 15:48
  James Klein: a
• 15:48
  James Klein: job
• 15:49
  James Klein: and
• 15:49
  James Klein: knowing
• 15:50
  James Klein: that
• 15:50
  James Klein: money
• 15:50
  James Klein: is
• 15:50
  James Klein: being
• 15:51
  James Klein: deposited
• 15:51
  James Klein: into
• 15:52
  James Klein: your
• 15:52
  James Klein: bank
• 15:52
  James Klein: account
• 15:54
  James Klein: week
• 15:54
  James Klein: or
• 15:54
  James Klein: every
• 15:54
  James Klein: two
• 15:55
  James Klein: weeks
• 15:55
  James Klein: or
• 15:55
  James Klein: whatever
• 15:56
  James Klein: pay
• 15:56
  James Klein: cycle
• 15:57
  James Klein: you're
• 15:57
  James Klein: on.
• 15:58
  James Klein: When
• 15:58
  James Klein: you're
• 15:58
  James Klein: an
• 15:58
  James Klein: entrepreneur,
• 15:59
  James Klein: quite
• 15:59
  James Klein: often
• 16:00
  James Klein: it's
• 16:00
  James Klein: feast
• 16:00
  James Klein: or
• 16:00
  James Klein: famine.
• 16:02
  James Klein: And
• 16:02
  James Klein: you
• 16:03
  James Klein: know,
• 16:03
  James Klein: there
• 16:03
  James Klein: are
• 16:03
  James Klein: times
• 16:03
  James Klein: where
• 16:04
  James Klein: you're
• 16:04
  James Klein: deciding,
• 16:05
  James Klein: am
• 16:05
  James Klein: I
• 16:05
  James Klein: going
• 16:06
  James Klein: to
• 16:06
  James Klein: a
• 16:06
  James Klein: restaurant
• 16:06
  James Klein: this
• 16:06
  James Klein: week,
• 16:07
  James Klein: or
• 16:08
  James Klein: do
• 16:08
  James Klein: I
• 16:08
  James Klein: need
• 16:08
  James Klein: to
• 16:08
  James Klein: buy
• 16:09
  James Klein: something
• 16:09
  James Klein: for
• 16:09
  James Klein: my
• 16:09
  James Klein: business,
• 16:10
  James Klein: or
• 16:11
  James Klein: am
• 16:11
  James Klein: I
• 16:11
  James Klein: going
• 16:12
  James Klein: without
• 16:13
  James Klein: a
• 16:13
  James Klein: paycheck
• 16:14
  James Klein: for
• 16:14
  James Klein: the
• 16:14
  James Klein: next
• 16:14
  James Klein: month
• 16:15
  James Klein: or
• 16:15
  James Klein: six
• 16:15
  James Klein: weeks
• 16:16
  James Klein: because
• 16:17
  James Klein: cash
• 16:17
  James Klein: flow
• 16:17
  James Klein: is
• 16:17
  James Klein: tight.
• 16:19
  James Klein: these
• 16:19
  James Klein: are
• 16:19
  James Klein: all
• 16:19
  James Klein: the
• 16:20
  James Klein: things
• 16:20
  James Klein: that
• 16:20
  James Klein: people
• 16:21
  James Klein: don't
• 16:21
  James Klein: really
• 16:21
  James Klein: understand.
• 16:23
  James Klein: It's
• 16:23
  James Klein: not
• 16:23
  James Klein: for
• 16:24
  James Klein: everybody.
• 16:24
  James Klein: It's
• 16:24
  James Klein: not
• 16:24
  James Klein: for
• 16:25
  James Klein: the
• 16:25
  James Klein: faint
• 16:25
  James Klein: of
• 16:25
  James Klein: heart.
• 16:26
  James Klein: You
• 16:26
  James Klein: know,
• 16:27
  James Klein: you
• 16:27
  James Klein: talk
• 16:27
  James Klein: about
• 16:28
  James Klein: university
• 16:28
  James Klein: degrees,
• 16:30
  James Klein: not
• 16:30
  James Klein: everybody
• 16:31
  James Klein: needs
• 16:31
  James Klein: a
• 16:31
  James Klein: university
• 16:32
  James Klein: degree
• 16:33
  James Klein: and
• 16:33
  James Klein: people
• 16:33
  James Klein: can
• 16:33
  James Klein: make
• 16:34
  James Klein: great
• 16:34
  James Klein: livings
• 16:35
  James Klein: as
• 16:35
  James Klein: plumbers
• 16:35
  James Klein: or
• 16:35
  James Klein: electricians.
• 16:37
  James Klein: Or
• 16:39
  James Klein: masons,
• 16:39
  James Klein: like
• 16:39
  James Klein: try
• 16:40
  James Klein: to
• 16:40
  James Klein: find
• 16:40
  James Klein: somebody
• 16:40
  James Klein: to
• 16:41
  James Klein: do
• 16:41
  James Klein: a,
• 16:42
  James Klein: a
• 16:42
  James Klein: brick
• 16:43
  James Klein: job
• 16:43
  James Klein: today
• 16:44
  James Klein: is
• 16:44
  James Klein: almost
• 16:44
  James Klein: impossible
• 16:45
  James Klein: because
• 16:45
  James Klein: it
• 16:45
  James Klein: tended
• 16:46
  James Klein: to
• 16:46
  James Klein: be
• 16:46
  James Klein: immigrants
• 16:46
  Jerremy: my
• 16:47
  Jerremy: gosh.
• 16:48
  James Klein: They
• 16:48
  James Klein: brought
• 16:48
  James Klein: that
• 16:48
  James Klein: skill
• 16:49
  James Klein: from
• 16:49
  James Klein: the
• 16:49
  James Klein: old
• 16:49
  James Klein: country.
• 16:50
  James Klein: They
• 16:51
  James Klein: made
• 16:51
  James Klein: some
• 16:51
  James Klein: money.
• 16:52
  James Klein: Their
• 16:52
  James Klein: kids
• 16:52
  James Klein: went
• 16:52
  James Klein: to
• 16:52
  James Klein: university
• 16:53
  James Klein: and
• 16:53
  James Klein: didn't
• 16:53
  James Klein: wanna
• 16:54
  James Klein: follow
• 16:54
  James Klein: them
• 16:54
  James Klein: into
• 16:54
  James Klein: the
• 16:55
  James Klein: business.
• 16:55
  James Klein: Or
• 16:56
  James Klein: if
• 16:56
  James Klein: the
• 16:56
  James Klein: second
• 16:56
  James Klein: generation
• 16:57
  James Klein: went
• 16:57
  James Klein: into
• 16:57
  James Klein: the
• 16:57
  James Klein: business,
• 16:59
  James Klein: the
• 16:59
  James Klein: third
• 16:59
  James Klein: generation
• 17:00
  James Klein: by
• 17:00
  James Klein: then
• 17:00
  James Klein: said,
• 17:01
  James Klein: oh,
• 17:01
  James Klein: hell
• 17:01
  James Klein: no.
• 17:02
  James Klein: And
• 17:03
  James Klein: the
• 17:03
  James Klein: immigrants
• 17:03
  James Klein: encouraged
• 17:05
  James Klein: the
• 17:05
  James Klein: second
• 17:06
  James Klein: and
• 17:06
  James Klein: third
• 17:06
  James Klein: generations
• 17:07
  James Klein: to
• 17:07
  James Klein: be
• 17:07
  James Klein: the
• 17:07
  James Klein: first
• 17:07
  James Klein: ones
• 17:07
  James Klein: in
• 17:08
  James Klein: the
• 17:08
  James Klein: family
• 17:08
  James Klein: to
• 17:08
  James Klein: go
• 17:08
  James Klein: to
• 17:08
  James Klein: university,
• 17:09
  James Klein: et
• 17:09
  James Klein: cetera.
• 17:10
  James Klein: So
• 17:10
  James Klein: the
• 17:11
  James Klein: trades
• 17:11
  James Klein: are
• 17:11
  James Klein: horribly
• 17:12
  James Klein: understaffed
• 17:13
  James Klein: and
• 17:15
  James Klein: that
• 17:16
  James Klein: they're,
• 17:16
  James Klein: I
• 17:16
  James Klein: find,
• 17:16
  James Klein: generally
• 17:17
  James Klein: they're
• 17:17
  James Klein: underpaid.
• 17:19
  James Klein: you
• 17:19
  James Klein: know,
• 17:19
  James Klein: I
• 17:19
  James Klein: don't
• 17:19
  James Klein: think
• 17:20
  James Klein: anybody
• 17:21
  James Klein: who
• 17:21
  James Klein: works
• 17:22
  James Klein: 40
• 17:22
  James Klein: hours
• 17:23
  James Klein: a
• 17:23
  James Klein: week
• 17:24
  James Klein: should
• 17:24
  James Klein: have
• 17:25
  James Klein: to
• 17:25
  James Klein: have
• 17:25
  James Klein: a
• 17:25
  James Klein: second
• 17:25
  James Klein: job
• 17:26
  James Klein: to
• 17:26
  James Klein: be
• 17:26
  James Klein: able
• 17:26
  James Klein: to
• 17:26
  James Klein: rent
• 17:27
  James Klein: an
• 17:27
  James Klein: apartment
• 17:27
  James Klein: or
• 17:28
  James Klein: buy
• 17:28
  James Klein: food.
• 17:29
  James Klein: Or
• 17:30
  James Klein: anything
• 17:30
  James Klein: else?
• 17:31
  James Klein: I'm
• 17:31
  James Klein: socially
• 17:32
  James Klein: liberal.
• 17:33
  James Klein: I
• 17:33
  James Klein: believe
• 17:33
  James Klein: in
• 17:33
  James Klein: universal
• 17:34
  James Klein: healthcare.
• 17:35
  James Klein: You
• 17:35
  James Klein: know,
• 17:35
  James Klein: I
• 17:35
  James Klein: believe
• 17:35
  James Klein: in
• 17:36
  James Klein: a
• 17:36
  James Klein: bunch
• 17:36
  James Klein: of
• 17:36
  James Klein: stuff
• 17:36
  James Klein: that
• 17:36
  James Klein: not
• 17:37
  James Klein: everybody
• 17:37
  James Klein: does,
• 17:39
  James Klein: and
• 17:39
  James Klein: yes,
• 17:39
  James Klein: McDonald's
• 17:40
  James Klein: needs
• 17:40
  James Klein: workers,
• 17:42
  James Klein: but
• 17:42
  James Klein: honestly,
• 17:44
  James Klein: if
• 17:44
  James Klein: you
• 17:44
  James Klein: look
• 17:44
  James Klein: at
• 17:44
  James Klein: how
• 17:44
  James Klein: many
• 17:45
  James Klein: hamburgers
• 17:45
  James Klein: McDonald's
• 17:46
  James Klein: sells
• 17:46
  James Klein: in
• 17:46
  James Klein: an
• 17:46
  James Klein: hour
• 17:47
  James Klein: with
• 17:47
  James Klein: eight
• 17:48
  James Klein: or
• 17:48
  James Klein: 10
• 17:48
  James Klein: employees.
• 17:49
  James Klein: If
• 17:50
  James Klein: they
• 17:50
  James Klein: paid
• 17:50
  James Klein: tho
• 17:50
  James Klein: those
• 17:50
  James Klein: employees
• 17:51
  James Klein: an
• 17:51
  James Klein: extra
• 17:51
  James Klein: three
• 17:52
  James Klein: bucks
• 17:52
  James Klein: an
• 17:52
  James Klein: hour,
• 17:53
  James Klein: so
• 17:53
  James Klein: maybe
• 17:53
  James Klein: they'd
• 17:54
  James Klein: have
• 17:54
  James Klein: to
• 17:54
  James Klein: raise
• 17:54
  James Klein: the
• 17:54
  James Klein: price
• 17:55
  James Klein: of
• 17:55
  James Klein: a
• 17:55
  James Klein: quarter
• 17:55
  James Klein: pounder
• 17:55
  James Klein: by
• 17:56
  James Klein: 5
• 17:56
  James Klein: cents
• 17:56
  James Klein: to
• 17:56
  James Klein: make
• 17:57
  James Klein: the
• 17:57
  James Klein: those
• 17:57
  James Klein: economics
• 17:58
  James Klein: work.
• 17:59
  James Klein: But
• 18:00
  James Klein: the
• 18:00
  James Klein: people
• 18:00
  James Klein: at
• 18:00
  James Klein: the
• 18:01
  James Klein: bottom
• 18:02
  James Klein: of
• 18:02
  James Klein: the
• 18:02
  James Klein: economy,
• 18:04
  James Klein: they
• 18:04
  James Klein: earn
• 18:04
  James Klein: more
• 18:04
  James Klein: money,
• 18:05
  James Klein: it's
• 18:05
  James Klein: not
• 18:05
  James Klein: like
• 18:05
  James Klein: they're
• 18:05
  James Klein: putting
• 18:05
  James Klein: in
• 18:06
  James Klein: the
• 18:06
  James Klein: bank
• 18:06
  James Klein: and
• 18:06
  James Klein: saving
• 18:07
  James Klein: it.
• 18:07
  James Klein: turning
• 18:08
  James Klein: around
• 18:08
  James Klein: and
• 18:08
  James Klein: they're
• 18:08
  James Klein: putting
• 18:09
  James Klein: that
• 18:09
  James Klein: money
• 18:09
  James Klein: right
• 18:09
  James Klein: back
• 18:09
  James Klein: into
• 18:10
  James Klein: the
• 18:10
  James Klein: economy.
• 18:10
  James Klein: They're
• 18:10
  James Klein: going
• 18:11
  James Klein: to
• 18:11
  James Klein: Walmart.
• 18:11
  James Klein: They're
• 18:11
  James Klein: going
• 18:11
  James Klein: to
• 18:12
  James Klein: Costco,
• 18:13
  James Klein: they're
• 18:13
  James Klein: going
• 18:13
  James Klein: to
• 18:13
  James Klein: restaurants.
• 18:14
  James Klein: So.
• 18:15
  James Klein: Again,
• 18:16
  James Klein: I
• 18:16
  James Klein: don't
• 18:17
  James Klein: like
• 18:17
  James Klein: to
• 18:17
  James Klein: overpay,
• 18:18
  James Klein: but
• 18:18
  James Klein: I
• 18:19
  James Klein: think
• 18:19
  James Klein: anybody
• 18:20
  James Klein: who
• 18:20
  James Klein: actually
• 18:21
  James Klein: puts
• 18:21
  James Klein: in
• 18:21
  James Klein: the
• 18:21
  James Klein: effort
• 18:21
  James Klein: to
• 18:22
  James Klein: work
• 18:22
  James Klein: a
• 18:22
  James Klein: job
• 18:23
  James Klein: should
• 18:23
  James Klein: be
• 18:23
  James Klein: entitled
• 18:24
  James Klein: to
• 18:24
  James Klein: the
• 18:24
  James Klein: dignity
• 18:25
  James Klein: of
• 18:25
  James Klein: living.
• 18:26
  James Klein: Not
• 18:26
  James Klein: a
• 18:26
  James Klein: grand
• 18:27
  James Klein: life,
• 18:29
  James Klein: certainly
• 18:29
  James Klein: being
• 18:29
  James Klein: able
• 18:30
  James Klein: to
• 18:31
  James Klein: survive
• 18:32
  James Klein: and
• 18:32
  James Klein: not
• 18:32
  James Klein: be
• 18:33
  James Klein: one
• 18:33
  James Klein: missed
• 18:33
  James Klein: paycheck
• 18:34
  James Klein: away
• 18:34
  James Klein: from
• 18:35
  James Klein: bankruptcy
• 18:35
  James Klein: or
• 18:35
  James Klein: eviction.
• 18:37
  Alex: Jerremy
• 18:37
  Alex: floated
• 18:38
  Alex: a
• 18:38
  Alex: stat—James
• 18:39
  Alex: turned
• 18:39
  Alex: it
• 18:39
  Alex: into
• 18:39
  Alex: a
• 18:39
  Alex: diagnosis.
• 18:41
  Alex: One
• 18:41
  Alex: in
• 18:41
  Alex: six
• 18:41
  Alex: workers
• 18:42
  Alex: CHAINED
• 18:43
  Alex: to
• 18:43
  Alex: jobs
• 18:43
  Alex: they'd
• 18:43
  Alex: leave
• 18:43
  Alex: tomorrow
• 18:44
  Alex: if
• 18:44
  Alex: healthcare
• 18:45
  Alex: weren't
• 18:45
  Alex: on
• 18:45
  Alex: the
• 18:45
  Alex: line.
• 18:46
  Alex: Next,
• 18:46
  Alex: what
• 18:47
  Alex: 45
• 18:47
  Alex: years
• 18:47
  Alex: living
• 18:48
  Alex: outside
• 18:48
  Alex: that
• 18:48
  Alex: system
• 18:49
  Alex: actually
• 18:50
  Alex: reveals.