Latest / Financial Survival Network / Why D.C. Can't Ignore Elon Musk - Tevi Troy #6247
Transcript
- 0:00Speaker 1: We have had these outside people who've advised before. Obviously
- 0:02Speaker 1: Doge is new. We've never had somebody who's a multi
- 0:04Speaker 1: hundred billionaire before, so there are new aspects to it,
- 0:07Speaker 1: but there definitely echoes if you look back at the history.
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- 0:33Speaker 3: Ever, and welcome you are listening to and watching the
- 0:40Speaker 3: Financial Survival Network. Hey, we're just about it. The end
- 0:43Speaker 3: of February, really interesting book author came across my desk,
- 0:49Speaker 3: The Power and the Money. If that sounds familiar, then
- 0:54Speaker 3: you should listen on. His name is Tevy, Troy Tevy.
- 1:00Speaker 3: It's your fourth book, I believe, probably more actually fifth,
- 1:04Speaker 3: all right, so you are officially an author, yeah, can't
- 1:08Speaker 3: hide it. So the epic clashes between Commanders in chief
- 1:14Speaker 3: and titans of industry so brings us full skirk full
- 1:20Speaker 3: circle to now Trump and Musk Doge. So far they've
- 1:25Speaker 3: been on the same page. You know, we've never really
- 1:28Speaker 3: seen a titan of industry this tightly entwined in an
- 1:35Speaker 3: administration to the point where you'd almost call them like
- 1:39Speaker 3: a part of the kitchen cabinet, Trump's kitchen cabinet. Uh,
- 1:44Speaker 3: what are your take? What's your take on it?
- 1:46Speaker 1: Well, it's interesting that the term kitchen cabinet goes way
- 1:49Speaker 1: back and also, you know, includes a lot of people
- 1:50Speaker 1: who were major businessman industrialists. Reagan had his kitchen cabinet,
- 1:54Speaker 1: So we have had outside business advisors before. We've also
- 1:59Speaker 1: had types of industry, as I talk about in my
- 2:02Speaker 1: book and the Power of the Money, who are really
- 2:05Speaker 1: who go all in with the presidency. I talk about
- 2:07Speaker 1: Henry Luce, who is the founder, editor and publisher of
- 2:09Speaker 1: Time magazine. He went all in for Eisenhower in nineteen
- 2:12Speaker 1: fifty two, provided staff for Eisenhower Musk provides the twenty
- 2:17Speaker 1: somethings with backpacks. He used his platform to advance Eisenhower
- 2:22Speaker 1: Musk uses x. He even had his wife become ambassadored
- 2:27Speaker 1: to Italy in the Loose administration. In the Eisenhower administration,
- 2:31Speaker 1: so we have had these outside people who've advised before. Obviously,
- 2:34Speaker 1: doge is KNW. We've never had somebody who's a multi
- 2:37Speaker 1: hundred billionaire before, so there are new aspects to it,
- 2:40Speaker 1: but there are definitely echoes if you look back at
- 2:41Speaker 1: the history.
- 2:42Speaker 3: Yeah so, but this one's a little different because Musk
- 2:47Speaker 3: is there on an operational level. Right. Usually these are
- 2:51Speaker 3: advisors and they do supply some support, maybe some logistics,
- 2:57Speaker 3: some propaganda, right, But this one's really different. It's like
- 3:03Speaker 3: like Musk was wearing a shirt the other day at
- 3:05Speaker 3: a meeting and then said tech support. And basically, the
- 3:09Speaker 3: government's loaded with zillions of computer systems. None of them
- 3:13Speaker 3: work right, none of them talk to each other. Their
- 3:16Speaker 3: software is breaking down left and right. It's written in
- 3:20Speaker 3: the equivalent of aramaic Cobyl. You know. That's the equivalent
- 3:28Speaker 3: that nobody speaks anymore Cobyl. You know. The joke is
- 3:33Speaker 3: when a Cobyl programmer who's active with the government checks
- 3:37Speaker 3: into a hospital, he doesn't just get standard treatment. He
- 3:40Speaker 3: gets an entire team because they got to keep this
- 3:42Speaker 3: guy alive, even if it's on life support. So the
- 3:46Speaker 3: level of his involvement with the current administration is unparalleled
- 3:52Speaker 3: in history, isn't it.
- 3:53Speaker 1: He definitely is very closely involved, and there's they seem
- 3:57Speaker 1: to be doing a lot and kind of breaking some
- 4:00Speaker 1: along the way. So yeah, I mean, again, I'm a historian.
- 4:03Speaker 1: When people say something's unprecedented, I like to look for precedents.
- 4:06Speaker 1: But the Doge thing and Musk is something new that
- 4:10Speaker 1: I've not seen before in this way.
- 4:12Speaker 3: And you know so, is that the definition of fascism
- 4:16Speaker 3: the marriage of industry and government into one happy package?
- 4:21Speaker 1: Yeah, I don't know about that. I mean, having a
- 4:23Speaker 1: business advisor doesn't make it fascist. I mean, you know
- 4:26Speaker 1: how much more uncomfortable Let's say the FDR administration, which
- 4:29Speaker 1: used heavy handed tactics to get business to do what
- 4:32Speaker 1: it would wanted, and if you asked me, I was
- 4:34Speaker 1: closer to fascism than what we have today. So I'm
- 4:37Speaker 1: not comfortable with that term in this context.
- 4:40Speaker 3: Good good, Well, me neither. But it is an argument
- 4:44Speaker 3: that you do have to take seriously because what regardless
- 4:51Speaker 3: what your views of the proper function of government is.
- 4:56Speaker 3: You know, these corporations wield unheralded power. I mean a Google,
- 5:04Speaker 3: an Apple, even Tesla have more power than their modern predecessors.
- 5:13Speaker 3: And how you see the news, how you absorb it,
- 5:15Speaker 3: how you ingest information. These companies Facebook, they all have
- 5:24Speaker 3: unherlded power, and you don't want them coming together in
- 5:28Speaker 3: some unheralded triumvirate with government, although arguably they did in
- 5:34Speaker 3: the past administration.
- 5:35Speaker 1: Well, I mean, look in two thousand and eight of
- 5:37Speaker 1: twenty twelve, the tech companies got together to help get
- 5:40Speaker 1: Obama elected. You had all these Facebook staffers embedded on
- 5:43Speaker 1: the Obama campaign. Some of them went into the Obama administration.
- 5:46Speaker 1: So yeah, I mean this stuff has happened before. You've
- 5:49Speaker 1: definitely had business leaders who've gone got backed presidential administrations.
- 5:56Speaker 3: They provided vice.
- 5:57Speaker 1: At the end of the day, the president's the decision
- 5:59Speaker 1: maker if he's not comfortable with someone. So for example,
- 6:02Speaker 1: Hugh Johnson was a general who was brought in to
- 6:05Speaker 1: run that National Recovery Administration under Roosevelt, the guy who
- 6:10Speaker 1: acted in those fascistic ways I talked about, And in
- 6:13Speaker 1: nineteen thirty three he was on the cover of Time
- 6:15Speaker 1: magazine as a Man of the Year. He was gone
- 6:17Speaker 1: in nineteen thirty four. So the president gets to make
- 6:20Speaker 1: these choices. Hey, and we could go back to who
- 6:24Speaker 1: was it McNamara, Yeah, macmari are a huge corporate CEO.
- 6:29Speaker 1: You know from the auto industry, comes and starts works
- 6:31Speaker 1: at the Pentagon and tries to run the Vietnam War
- 6:34Speaker 1: not very well. So yeah, the stuff is happening before you.
- 6:39Speaker 1: In my book in the Power of the Money, I
- 6:41Speaker 1: talk about Jack Welch who knew ten different presidents. So
- 6:45Speaker 1: one of the interesting things about Power of the Money
- 6:47Speaker 1: is these are all CEOs who dealt with multiple presidents.
- 6:50Speaker 1: Jack Welts knew ten different presidents, and many of them
- 6:52Speaker 1: asked him to join his administration and join their administrations,
- 6:56Speaker 1: have him come into the cabinet sectory, and he always
- 6:58Speaker 1: said no, because he knew, first of all, if you're
- 7:00Speaker 1: a cabinet secretory, you're subordinate to the president. The president's
- 7:03Speaker 1: always above you, and the CEOs are used to be
- 7:06Speaker 1: on top. And then the second thing is his method
- 7:09Speaker 1: was he would hire, he would fire the lowest performing
- 7:13Speaker 1: workers at GE every year. You can't easilly do that
- 7:15Speaker 1: in the federal government. I'm just thinking, that's kind of
- 7:19Speaker 1: what we're going through now. I mean, I call this
- 7:24Speaker 1: life imitating office space.
- 7:27Speaker 3: Where what have you done? What do you do here?
- 7:29Speaker 3: You know? And that's that's a legitimate question, especially in
- 7:33Speaker 3: the government. It should be asked repeatedly because these agencies,
- 7:38Speaker 3: these commissions, they've hung on, bureaus whatever, hung on for decades,
- 7:45Speaker 3: long since outliving their mission.
- 7:48Speaker 1: Yeah, like, I totally agree with that. But it's not
- 7:50Speaker 1: clear that whatever firings are happening are actually going to
- 7:53Speaker 1: be permanent. There's some people resign, and you know, if
- 7:56Speaker 1: you resign, then you know that that's that. But a
- 7:59Speaker 1: lot of these firings going to be tested in court.
- 8:01Speaker 1: A lot of these people have some civil service protections.
- 8:03Speaker 1: So it's just not clear to me that the two
- 8:06Speaker 1: plus million person federal workforce is going to be significant
- 8:09Speaker 1: smaller if we talk a year from now.
- 8:12Speaker 3: Yeah. Well, the other thing is the moral aspect of
- 8:16Speaker 3: or the emotional warfare that it's a big sy op
- 8:20Speaker 3: on these people, you know, and how many of them
- 8:24Speaker 3: can take it and finally just throw up their arms
- 8:26Speaker 3: and leave, And those might not be the people that
- 8:29Speaker 3: you really want to get rid of in the first place. Right.
- 8:32Speaker 1: Yeah, Look, I'm sorry if it's offensive to people, are
- 8:37Speaker 1: hurtful to people to be asked what they do, but
- 8:39Speaker 1: you got to do that in the private sector all
- 8:41Speaker 1: the time. I mean, if you're in the private secretory
- 8:43Speaker 1: and these quarterly reports where you ask what your goals
- 8:45Speaker 1: were and whether you accomplish them and whether you're doing
- 8:48Speaker 1: well or not. I mean when I've had jobs like that,
- 8:50Speaker 1: I hate filling them out, but you know, it's part
- 8:52Speaker 1: of the job.
- 8:52Speaker 3: You get paid. It's called work.
- 8:54Speaker 1: Because they pay you to do something that you wouldn't
- 8:56Speaker 1: do ordinarily. That's why it's work. And so that's why
- 9:01Speaker 1: I will be if you actually love what you're doing
- 9:05Speaker 1: and you do it if you weren't paid. That's a passion,
- 9:09Speaker 1: but could also well, that's why I do what I do.
- 9:11Speaker 1: That's why I write my books and I you know,
- 9:13Speaker 1: I do give the lectures do you think tank stuff?
- 9:15Speaker 1: I do leadership training based on my knowledge of the presidency.
- 9:19Speaker 1: So I do things that I like to do because
- 9:21Speaker 1: I don't like having a boss tell me what to do.
- 9:23Speaker 3: Yeah, and I should remind people mind you out there.
- 9:27Speaker 3: The book is The Power and the Money, the epic
- 9:29Speaker 3: clashes between Commanders in Chief and titans of industry, and
- 9:35Speaker 3: it was it's gotten all sorts of awards and alkaloids.
- 9:38Speaker 3: It was came out in the summer, but it's probably
- 9:41Speaker 3: more applicable now than ever with the current administration. So,
- 9:46Speaker 3: getting back to what you said there, Tevy like accountability,
- 9:50Speaker 3: it's not so bad. I always my concept for trimming
- 9:53Speaker 3: the federal workforce was this. You wait for a day
- 9:57Speaker 3: when it snows in d See, and you know, DC
- 10:01Speaker 3: gets an inch of snow, it's shut down instantaneously, and
- 10:05Speaker 3: then they put out the call for only essential workers
- 10:09Speaker 3: to come to the office. And then once all that
- 10:12Speaker 3: you find out who all those essential workers are, you
- 10:14Speaker 3: fire all the other ones because if they're not essential,
- 10:18Speaker 3: what do you need them for? Right?
- 10:19Speaker 1: The good point I've always wondered about that. You know,
- 10:22Speaker 1: if these people are essential, what about everybody else? If
- 10:24Speaker 1: they're non essential, why am I paying my tax dollars
- 10:27Speaker 1: to support them? It's a great question.
- 10:29Speaker 3: Yeah, so that's how we get rid of non essential workers. Right.
- 10:33Speaker 3: And even if you weren't essential, but you made it
- 10:36Speaker 3: to the office with an inch of snow in DC,
- 10:39Speaker 3: you deserve to keep your job.
- 10:40Speaker 1: It definitely shows a willingness to overcome challenges.
- 10:44Speaker 3: Hey, So you know, part of the way organizations change
- 10:48Speaker 3: over time or dramatically over time is by breaking the paradigm,
- 10:54Speaker 3: by by really changing the way you think about work,
- 11:00Speaker 3: about what the government's purpose is, so we've been in
- 11:05Speaker 3: this eighty year kind of spiral. Actually, it's believe it
- 11:09Speaker 3: or not, it's ninety years now since the New Deal
- 11:13Speaker 3: nineteen thirty four, right, and we're starting to like really
- 11:19Speaker 3: redefine government. What is its purpose? Do you create a
- 11:24Speaker 3: new agency for every new problem, or do you let
- 11:27Speaker 3: the market work its way out or do you find
- 11:30Speaker 3: other ways to deal with it?
- 11:32Speaker 1: I mean, yeah, I mean you remember Tim Polenti, he
- 11:34Speaker 1: ran for president briefly back in twenty twelve. He had
- 11:37Speaker 1: this thing called the Google test. He said, before we
- 11:39Speaker 1: come up with a government doing some new thing, why
- 11:41Speaker 1: don't we google it and see if somebody's already doing
- 11:43Speaker 1: it in the private sector, and if they are, don't
- 11:46Speaker 1: create a new government entity to do it, because it's
- 11:48Speaker 1: already being done.
- 11:49Speaker 3: And now with AI, we could just ask it for
- 11:51Speaker 3: this solution and it would probably figure out better than
- 11:54Speaker 3: any bureaucrat in the Ivory Tower. Right.
- 11:59Speaker 1: Yeah. Look, I mean, we've got over one hundred transfer
- 12:02Speaker 1: program that transfer billions of dollars from one group to another.
- 12:04Speaker 1: Do we really need one hundred You know, maybe we
- 12:07Speaker 1: have some kind of guaranteed annual income and negative incompacts
- 12:10Speaker 1: or something we say, okay, we're just going to give
- 12:12Speaker 1: you a check. You get a certain level of money,
- 12:14Speaker 1: but you don't have to have one hundred different programs,
- 12:16Speaker 1: all administered by bureaucrats, all who take a cut. All
- 12:19Speaker 1: of these are inefficient, a lot of them have a
- 12:22Speaker 1: problematic incentives. So yeah, I mean there is just too
- 12:25Speaker 1: much of this in the federal government and we do
- 12:26Speaker 1: need to pare it down.
- 12:27Speaker 3: Yeah, I love the concept of that, and really, how
- 12:32Speaker 3: many we don't you know that? Also the idea of
- 12:35Speaker 3: that email with the five things, what five things you
- 12:38Speaker 3: did last week? It's also like do you exist? Right?
- 12:44Speaker 3: They must called it a pulse check? Right, do you exist?
- 12:49Speaker 3: Do you come into the office or are you a
- 12:51Speaker 3: fictitional a fictitious person or a dead person? And we
- 12:55Speaker 3: just keep doing the transfers into your account. The Department of.
- 13:00Speaker 1: Labor, there was this one division where where and they
- 13:03Speaker 1: were the ones that were supposed to be the watchdogs
- 13:05Speaker 1: over the labor unions. They would just go to the
- 13:06Speaker 1: bar every afternoon. You can find these guys drinking away.
- 13:10Speaker 1: You're starting at noon. Because they weren't gonna watchdog over
- 13:13Speaker 1: the lee unions. They didn't have any interest in doing that.
- 13:15Speaker 3: So it's probably better that those guys do work from
- 13:18Speaker 3: home because then when they get drunk, they won't be
- 13:21Speaker 3: driving and presenting a hazard to the entire you know,
- 13:27Speaker 3: driving public. Right, this is back in the days when
- 13:29Speaker 3: people actually showed up. Yeah, well, you know, Woody Allen's
- 13:34Speaker 3: old saying's got to be updated now because he used
- 13:37Speaker 3: to say eighty percent of life is showing up, but
- 13:41Speaker 3: now it's maybe eighty percent of life is showing up
- 13:44Speaker 3: on a zoom call.
- 13:45Speaker 1: Yeah, you know, what are they doing on the zoom calls?
- 13:47Speaker 1: I mean, you saw Jamie Diamond's leaked transcript about how
- 13:50Speaker 1: he's ripping on people going on zooms and how they
- 13:52Speaker 1: roll their eyes and making net Snyde comments. But they're
- 13:54Speaker 1: actually doing work. So yeah, Zoom is not a real substitute,
- 13:59Speaker 1: even though I'm enjoying this interview on zoom and we
- 14:02Speaker 1: got to let on it otherwise in the olden Dave
- 14:04Speaker 1: for what.
- 14:04Speaker 3: We do is quote unquote content creators. Right, it's a
- 14:10Speaker 3: boom for us, believe, But the zoom is the product there,
- 14:16Speaker 3: the zoom call is the product. But you know, I
- 14:19Speaker 3: do see uses for it. There's a lot of companies
- 14:22Speaker 3: that's expanded their capabilities because they're global and these people
- 14:26Speaker 3: would never see each other except that company get togethers
- 14:30Speaker 3: if then so, yeah, technology is great, but technology in
- 14:35Speaker 3: itself is not the solution. It's only a tool as
- 14:40Speaker 3: part of a solution, which always has to be human
- 14:44Speaker 3: induced AI. So this is the biggest trend now, in
- 14:49Speaker 3: my opinion, in the world if you haven't used it,
- 14:52Speaker 3: which supposedly eighty five percent of the population has not
- 14:56Speaker 3: even checked out chat, GPT or Gemini or any of
- 15:02Speaker 3: the others out there. From your standpoint to as the
- 15:08Speaker 3: way the government functions, the where society functions, what's your
- 15:12Speaker 3: take on it, I.
- 15:13Speaker 1: Think it has an amazing possibility to mean, you, look,
- 15:15Speaker 1: this is the FDA, for example, we are on the
- 15:19Speaker 1: cusp of some kind of biomedical revolution. We've got all
- 15:21Speaker 1: these advances, and what's the number one thing slowing it
- 15:23Speaker 1: down is the FDA review process. And I always say,
- 15:25Speaker 1: we don't enough people, we don't enough time, we can't
- 15:27Speaker 1: review all the documents. Well why do you have AI
- 15:29Speaker 1: review the documents? And they could look for the anomalies
- 15:31Speaker 1: that better than a human can, They can find if
- 15:33Speaker 1: there are potential adverse risks in a new product, and
- 15:38Speaker 1: they look at all the submissions, which you know, sometimes
- 15:40Speaker 1: these documents are the hundreds of thousands of pages. They
- 15:42Speaker 1: can look through it in the blink of an eye
- 15:45Speaker 1: and maybe we can move the whole FDA approval process faster.
- 15:48Speaker 1: So I think I see tons of possibilities for AI.
- 15:51Speaker 3: And not to mention what's happening with DOGE, the ability
- 15:55Speaker 3: to scan through every single line item in the US
- 15:59Speaker 3: budget and come up with the waste inefficiency or.
- 16:04Speaker 1: Yeah, look look at AID. What's with them in these
- 16:06Speaker 1: transgender comic books and they you know, the DEI operas.
- 16:10Speaker 1: I mean, I don't understand why does it help us
- 16:12Speaker 1: if we go to a country and try and force
- 16:14Speaker 1: DEI down the throats of this other country. They're just
- 16:16Speaker 1: going to They're gonna like us left, They're not going
- 16:18Speaker 1: to appreciate it. I get it. If USAID is all
- 16:20Speaker 1: about providing food and medicine, that's great, but that's not
- 16:23Speaker 1: what they're doing. They're providing this kind of ideological indoctrination
- 16:28Speaker 1: that you that we get on our college campuses. I
- 16:30Speaker 1: don't want on on college campuses, and I don't want
- 16:32Speaker 1: it when we're giving it to Mozambique either, yeah.
- 16:34Speaker 3: Well, I was trying to get tickets on ticket Master
- 16:38Speaker 3: to the to the trans opera in Slovenia, but I couldn't.
- 16:43Speaker 3: They were all sold out.
- 16:44Speaker 1: So you think the Slovenians really want to see a
- 16:47Speaker 1: trans opera? Do you think it makes them feel better
- 16:48Speaker 1: about the United States of America or worse?
- 16:51Speaker 3: This is like cultural rot sickness, and and it's an
- 16:55Speaker 3: attack on these other cultures which are more conservative than ours,
- 17:00Speaker 3: and they don't appreciate it. And like you say, they
- 17:02Speaker 3: hate us even more for meddling and indoctrinating.
- 17:07Speaker 1: So I'd beware of saying concerted cultures that are more
- 17:10Speaker 1: conservative than ours, because you know, we're pretty conservative here
- 17:12Speaker 1: in the try household, and I'm sure in your household
- 17:15Speaker 1: as well. So oh yeah, yeah, but let's not say that,
- 17:18Speaker 1: you know, the radicals own the culture.
- 17:21Speaker 3: Right, but we accept a lot more than what our
- 17:26Speaker 3: parents or our grandparents would have, you know what they.
- 17:30Speaker 1: Yeah, perhaps you're a detriment.
- 17:32Speaker 3: That could well be the case, but whatever, it's all
- 17:35Speaker 3: been normalized to some extent, at least our acceptance of
- 17:40Speaker 3: it in others. Maybe not in our household, but yeah,
- 17:44Speaker 3: it's it's been an incredible eye opener like you and
- 17:49Speaker 3: I Like you worked in the government. You knew the waste,
- 17:52Speaker 3: the corruption, the fraud, it was all there. You knew it,
- 17:57Speaker 3: but you didn't know the specifics of it. Knew it
- 18:00Speaker 3: from a macro level. Now you're getting to find out
- 18:04Speaker 3: what it is from a micro level, and it is shocking.
- 18:08Speaker 1: Yeah, and I gotta say, I'm a little embarrassed about this.
- 18:10Speaker 1: But when I worked in the government, I would see
- 18:11Speaker 1: these grants go to left wing groups and I say, well,
- 18:13Speaker 1: can't we stop this, and everyone saying no, people have
- 18:15Speaker 1: tried it before, it can be done. Well, maybe it
- 18:17Speaker 1: can be done. Maybe, and maybe we should have tried
- 18:19Speaker 1: harder when I was in the bushy ears, because this
- 18:22Speaker 1: stuff has been going on for a long time. It's
- 18:24Speaker 1: just now with AI and with social media, we get
- 18:28Speaker 1: to find out about it. Used to you would have
- 18:29Speaker 1: these these media filters, wouldn't let the story get out.
- 18:33Speaker 1: But now we can see the truth.
- 18:35Speaker 3: Hey, the worst, the most egregious thing I saw is
- 18:38Speaker 3: the illegal invasion we put a USA paid to six
- 18:45Speaker 3: billion dollars that we know about. Mind you, a lot
- 18:48Speaker 3: of it gets laundered. We don't know about it. Six
- 18:50Speaker 3: billion dollars in the last two years to bring these
- 18:53Speaker 3: illegals in and you know, give them luxury hotels and
- 19:00Speaker 3: you know, debit cards and cars and houses and businesses.
- 19:04Speaker 3: I mean, this is like insanity.
- 19:07Speaker 1: Yeah, all I had to do was say stop. And
- 19:09Speaker 1: you know if you know, but border apprehensions are way
- 19:12Speaker 1: down because we said no, it's no longer an open door.
- 19:15Speaker 1: We're going to stop you. You can't come in this
- 19:16Speaker 1: country legally. I love immigrants. I'm very pro immigration, but
- 19:21Speaker 1: pro legal immigration. How do you think these people are
- 19:23Speaker 1: waiting online for their visa feel when somebody just sneaks
- 19:26Speaker 1: over the border and then it leads to Americans say, oh,
- 19:27Speaker 1: we don't want immigrants. It's not that we don't want imigrants.
- 19:29Speaker 1: We don't want illegal immigrants.
- 19:30Speaker 3: We want legal.
- 19:31Speaker 1: Immigration because it's the lifebload of our economy. It brings
- 19:33Speaker 1: in new idea. Forty percent of the people in the
- 19:36Speaker 1: pharmaceutical industry are immigrants. I think they're great, but those
- 19:39Speaker 1: people came here legally.
- 19:41Speaker 3: I look at my top ten friends I live here
- 19:43Speaker 3: in Florida, and at least four or five of them,
- 19:48Speaker 3: you know, emigrated here legally.
- 19:50Speaker 1: So you know, to say, its great energy and ideas
- 19:54Speaker 1: and money to this country. And you know that's what
- 19:56Speaker 1: we worth thirty five trillion dollars in debt. We can't
- 19:59Speaker 1: just live off our pathetic birth rate, which is you know,
- 20:01Speaker 1: we're not even replacing ourselves. We do need people to
- 20:03Speaker 1: come here to pay taxes and to build a country
- 20:06Speaker 1: and to be innovators. But we've got to do it legally.
- 20:10Speaker 3: Yeah, and we want to know something about them and
- 20:12Speaker 3: know that they're not diseased. And my ancestors came through
- 20:16Speaker 3: Ellis Island that were quarantined for a couple of weeks.
- 20:20Speaker 3: They couldn't come into the country to lin knew. We
- 20:23Speaker 3: knew they were diseased free. And that's just one example. Hey, again,
- 20:27Speaker 3: the book is The Power and the Money, the epic
- 20:30Speaker 3: clashes between Commanders in Chief and titans of industry, and
- 20:35Speaker 3: it's by Tevy Troy. Tevy been a great guest. Really
- 20:38Speaker 3: appreciate your coming here. You've got a website we can
- 20:42Speaker 3: follow your work. Can go to Tebi Troy dot org.
- 20:44Speaker 3: You can buy the Power of the Money wherever fine
- 20:47Speaker 3: books are sold. You could follow me at Tevy Troy
- 20:49Speaker 3: on x or Twitter, whatever you prefer. And I just
- 20:52Speaker 3: got to say I love your shirt. Thanks. Hey, well,
- 20:55Speaker 3: we always like to say wherever fine books used to
- 20:58Speaker 3: be sold Amazon and wherever fine books used to be slid.
- 21:03Speaker 3: The link will be in the show notes, both to
- 21:05Speaker 3: Tevy's website and to the book on Amazon. Hey, appreciate
- 21:11Speaker 3: you coming on. We're definitely going to have you on
- 21:13Speaker 3: again and can't wait for your next book. Hey.
- 21:15Speaker 1: Thanks, I look forward to your review and the mention
- 21:17Speaker 1: of the newsletter and all this great stuff.
- 21:19Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
- 21:23Speaker 2: solution to today's trying times. For the latest, go to
- 21:27Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,